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Investors may soon be forced to take on more risk and rethink their diversification strategies due to macroeconomic uncertainties. And that presents challenges for those who follow the traditional balance of 60% stocks to 40% bonds as a diversifier, he added. "Momentum has really been driving equities higher across the board, especially with respect to large-cap growth names," Adams said. The study found that stocks, bonds, and options strategies could have more correlated risk than is evident on the surface. "So value stocks are about the here-and-now, growth stocks are about the hereafter."
Persons: Goldman Sachs, Jon Adams, Adams, Jimmy Chang, Donald Trump, Chang, Nikolai Roussanov, David Kelly, you've, Kelly Organizations: Calamos Wealth, Treasury, Rockefeller, Family, Wharton School, Morgan Asset Management
An unemployed UX designer, Lei had taken it upon herself to create the perfect work bag. Today, Lei is the 28-year-old CEO and founder of Freja, a New York-based company that sells work totes, shoulder purses and travel accessories. A 'really, really slow' startIn February 2019, Lei was a soon-to-be-unemployed graduate student at Cornell University preparing for a job interview in New York. She tried pairing three different work bags with her outfit, and none of them worked. "It was really, really slow for the first two years," says Lei.
Persons: Jenny Lei, She'd, Lei, , Freja, Louis Vuitton, Dior, Celine, Loewe, Sandy Liang Organizations: CNBC, Cornell University Locations: Hoboken , New Jersey, New York, Bryant, Brooklyn, Guangzhou, China
AdvertisementX is partnering with adtech company PubMatic as it looks to boost its ad revenue. X's ad revenue has lagged after Musk's takeover and the company has sued some advertisers. Elon Musk's X has signed up the adtech company PubMatic as an authorized seller of its ads, as it looks to outside companies to help boost ad revenue, Business Insider has learned. X is also suing some of its advertisers, alleging they illegally colluded in violation of competition law to boycott the platform after Musk's takeover. This week, X added the Amazon-owned streaming platform Twitch as a defendant to its lawsuit.
Persons: Elon Musk's, X, Rajeev Goel, Goel, PubMatic, it's, Musk Organizations: Business, BI, Google, Twitter
Fortunately, Big Fig has designed a mattress specifically for larger bodies, and during Big Fig's Black Friday sale, you can get it at a whopping $500 off. If you're in the market for a mattress, this is the best deal you're likely to find on Big Fig all year. The best Black Friday Big Fig dealsBig Fig Mattress (Queen) $1,399.00 $1,899.00 Save 26% The Big Fig Mattress is constructed for heavier individuals with firm support and a high weight capacity. View at Big Fig What we like Check mark icon A check mark. View at Big FigBlack Friday Big Fig FAQsHow long is Big Fig's Black Friday sale?
Persons: Big, Read Organizations: Business Locations: Big
Armed with shears and headlamps to guide us, we filed into the vineyard rows like soldiers, performing the synchronized ritual that has existed for centuries: picking grapes for wine harvest. AdvertisementI instantly answered: "I want to work a wine harvest in Europe." I spent hours firing off emails, asking if they had any open positions on their harvest team. I worried about running out of money and blowing through the savings I'd spent years growing. It was all underpinned by one fear: Is this worth upending the life I'd built?
Persons: wouldn't, I'd, Gruner, I've, I'm Organizations: Australia Locations: Austria, Burgenland, Coast of California, Europe, Slovenia, England, Australia, Austrian
CNN —An American silver coin dating back to the 17th century, before the United States was founded, has sold for a record-breaking $2.52 million at auction, eight years after it was discovered in an old cabinet in Amsterdam. The threepence coin was struck in 1652 in Boston just weeks after the first mint in the then-British colony had opened, according to a statement released Monday by Stack’s Bowers Galleries, which handled the sale. This was a threepence coin, as shown by the Roman numerals on one side of it. A rare 1794 silver dollar believed to be one of the first – if not the first – made by the US mint sold for $10 million in 2013. Meanwhile, a rare 1933 “Double Eagle” coin, one of the last gold coins ever struck for circulation in the US, sold for $18.9 million in 2021.
Persons: Stack’s Bowers, Ma, Stack's Bowers, Thomas Brand Hollis, Netherlands John Adams, Adams, Abigail, John Hull, Ben Orooji Organizations: CNN, Stack’s Bowers Galleries, United States Mint, Boston Mint, Massachusetts Historical Society, Yale College Locations: United States, Amsterdam, Boston, British, Netherlands, Quincy, New England, Massachusetts, England, American
“It wasn’t passionate; I just loved him,” Cher told CBS in a recent interview. And we had a dream.”That dream led Sonny & Cher to multiple hit songs in the 1960s, including “I’ve Got You Babe” and later the popular “The Sonny & Cher Comedy Hour,” which featured the couple’s banter, live performances and a glamorous Cher. We’re not gonna be able to be Sonny & Cher. And we’d worked together for almost 12 years.”After she confronted Bono, Cher said, he told her. Bono later became a Republican congressman representing California’s 44th congressional district before his death in 1998 in a skiing accident.
Persons: Cher, Sonny Bono’s, wasn’t, “ Cher, Bono, ” Cher, , Sonny, “ I’ve, , Bill ”, , Bill, “ He’s, We’re, David Geffen, we’d, ‘ That’s Organizations: CNN, CBS, Cher Enterprises, Republican Locations: Malibu ”, California’s
The airline announced a “first-of-its-kind partnership” with Shake Shack to serve the chain’s cheeseburgers in first class on long-distance domestic flights beginning December 1 on flights out of Delta’s hub in Boston and expanding to other cities throughout 2025. For example, Alaska Airlines created a hot coffee that tastes better in the skies, while United Airlines added cold brew coffee from Illy. Delta has served a generic cheeseburger in first class over the past few years to mostly positive reviews online. And it’s not the first airline to partner with a burger chain — United Airlines once served McDonald’s Happy Meals in the 1990s. The partnership between Delta and Shake Shack marks an expansion of the airline’s relationship with celebrated chef Danny Meyer, who founded the burger brand in 2004.
Persons: we’re, , Stephanie Laster, Danny Meyer Organizations: New, New York CNN — Delta Air Lines, Alaska Airlines, United, Delta, CNN, Airlines, Square Hospitality Locations: New York, Boston, United Airlines, Illy, Delta
AdvertisementIn the two weeks since the election, Elon Musk and Donald Trump have been pretty much inseparable. The Tesla CEO is set to co-lead the Department of Government Efficiency in Trump's second term. It's been two weeks since President-elect Donald Trump won another four years in the White House. Tesla CEO Elon Musk has been by his side for much of that time. Here's a look at Trump and Musk's whirlwind post-election partnership in photos, from boxing matches to golf games, with an eye on governing in between.
Persons: Elon Musk, Donald Trump, Musk, It's, elect's, Elon, Trump Organizations: Department of Government, Trump, Republicans, NBC
CNN —The US men’s national soccer team (USMNT) booked its place in the CONCACAF Nations League semifinals next year with a thrilling 4-2 win over Jamaica in St. Louis, Missouri, on Monday night. The victory secured a 5-2 aggregate win over the Reggae Boyz after a hard fought first leg in Jamaica finished 1-0 to the US last week. Mauricio Pochettino’s side opened up a 3-0 lead in the first half thanks to Christian Pulisic’s brace and Ricardo Pepi’s low strike from outside the box. Demarai Gray pulled a goal back for Jamaica early in the second half, before Timothy Weah extended the US lead to three again just minutes later. “We need to be desperate to arrive to March and to be all together,” he added.
Persons: Mauricio Pochettino’s, Christian, Ricardo Pepi’s, Demarai Gray, Timothy Weah, Gray, , Pulisic, , Mauricio Pochettino, ” Pochettino, ” Mauricio Pochettino, John Dorton, Germain, Pochettino Organizations: CNN, US, soccer, CONCACAF Nations League, Jamaica, Reggae, ESPN, , Getty, Former Tottenham, Paris Saint Locations: St, Louis , Missouri, Jamaica, Mexico
AdvertisementThe "Wicked" movie, coming to theaters on Friday, only covers part of the original musical's plot. A second film is coming in November 2025 to complete the story. Related VideoIt remains true even as Universal is marketing the movie as "Wicked," instead of "Wicked Part One." Elphaba's younger sister, Nessa, has become a cruel governor of Munchkinland and earned the title of the Wicked Witch of the East. There has been no casting announcement to suggest Dorothy will have a larger role in the second film.
Persons: Jon M, Chu, Elphaba, Oz, Ariana Grande, Cynthia Eviro, Michelle Yeoh, Steven Spielberg's, haven't, Marc Platt, Stephen Schwartz, Platt, Jeff Goldblum, Madame Morrible, Giles Keyte, Cynthia Erivo, Glinda, Schwartz, Grande, Dorothy's, Dorothy Organizations: Broadway, Universal, Warner Bros, Entertainment, Grande, Shiz University Locations: Shiz
But even with Trump’s gains among men, women still had greater leverage to decide the election’s outcome. Both the exit polls and VoteCast showed her winning 57% of white women with at least a four-year college degree. Solid majorities of Black, Latina and college-educated White women described Trump in the exit poll as “too extreme,” as did over two-fifths of the White women without a college degree. But among the White women without a college degree who described Trump as “too extreme,” almost 1 in 5 voted for him anyway. Though many women are expressing unease about mass deportation, Trump’s claim that immigrants are driving crime may provide him considerable leeway to pursue his agenda, particularly among the blue-collar White women who proved most receptive to that argument.
Persons: Donald Trump, Kamala Harris, Joe Biden’s, Harris, , Jenifer Fernandez Ancona, Trump, , Biden, Joe Rogan, NORC, VoteCast, Harris’s, John Kerry, George W, Bush, White, Chip Somodevilla, Court’s Dobbs, Voters “, , , pollster Nicole McCleskey, Dobbs, Harris ’, , pollster Christine Matthews, Jackie Payne, ” Payne, Will Lanzoni, Bill Clinton, Robert F, Kennedy Jr, Mifepristone, Matthews, ambivalently, Tresa Undem, , Trump’s, Fernandez Ancona, can’t, Hillary Clinton Organizations: CNN, Trump, Edison Research, AP, Gallup, Democratic, Biden, Santander Arena, Nationwide, Wall, White, Latina, Voters, Republican National Convention, Republican, GOP, Congressional, Republicans, White House, Trump ., Human Services Department, Pew Research Center, Pew, Locations: Michigan , Pennsylvania, Wisconsin, Reading , Pennsylvania, Michigan, Pennsylvania, Nebraska, Milwaukee , Wisconsin, America
However, there are consequences for failing to file a tax return that you should be aware of. Why filing taxes is importantLegal obligationsFirst things first: Do you even need to file a tax return? However, you are required to file a tax return if you have $400 or more in net self-employment income. FAQs on what happens if you don't file taxesHow long can I go without filing taxes? If you don't file a tax return and don't owe any taxes, you have up to three years to claim any refund that might be due.
Persons: David Beck, Beck, filers, TurboTax, you'll, It's, it'll, there's, There's, haven't, Morgan, Tanza, Read Organizations: Free, NEC, TurboTax, Budget, Social Security, State, IRS, Levy, Railroad, Board, Military, garnishment, Chevron, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: U.S, Dix Hills, NY, TheStreet
Mauro Pimentel/AFP/Getty ImagesThe moment was a fluke, the type of logistical error that’s almost inevitable at gatherings of almost two dozen world leaders. Yet it was difficult to ignore the impression it left: that Biden is disappearing from view as the world turns its attention to his successor. What members of Biden’s team have been willing to acknowledge is how little they actually know about what Trump and his team may be planning. In Lima and Rio de Janiero, Biden fielded no questions from the press and his aides spoke only off-camera. Reporters had opportunities to ask Biden questions at the G20 summit in Rome in 2021, in Bali in 2022, and in Vietnam in 2023, following the summit’s conclusion in India the prior day.
Persons: Joe Biden’s, Donald Trump, Trump, Biden, I’m, , ” Biden, he’s, Xi, India’s Narendra Modi, Turkey’s Recep Tayyip Erdoğan, Justin Trudeau, Mauro Pimentel, Erdogan, Trump’s, , ” Trump, Javier Milei —, , elect’s, ” Biden’s, Tulsi Gabbard, Pete Hegseth, Jake Sullivan, “ They’ll, White, Janiero, Sullivan, India’s Modi, Emmanuel Macron, Olaf Scholz, Barack Obama, Obama, we’re, ” Obama Organizations: Rio de Janeiro CNN, Trump, Biden, Canadian, Photographers, Getty, “ YMCA, Pentagon, White, Seven, NATO, Lima Convention Center, APEC Locations: Rio de Janeiro, South America, Peru, Brazil, AFP, Lago, Florida, America, Lima, Rio, Finland, Rome, Bali, Vietnam, India, France, Paris, Berlin, United States
If you still haven’t booked your holiday travel plans, take note: Prices tend to rise the closer you get to the days you’re looking to travel. To afford holiday trips, about 50% of respondents are cutting back on other expenses while 49% are picking up discounts and deals, according to the 2024 Holiday Travel Outlook by Hopper, a travel site. Some last-minute holiday travelers are leaning into so-called “Travel Tuesday” — or the Tuesday after Cyber Monday and Black Friday — which falls on Dec. 3 this year. As you shop, make sure to read the fine print in case discounts only apply for certain routes and days, Dengler explained. “I really encourage travelers to do that exploration now so that on Travel Deal Tuesday, they can be ready to actually book,” she said.
Persons: Hopper, , ’ ”, Sally French, , Phil Dengler, Hayley Berg, Dengler, NerdWallet’s, “ They’re, you’ll, ” Dengler, you’re, Berg, Organizations: McKinsey and Company, Travel, Travel Deal, Black
WASHINGTON — Congress faces a Dec. 20 deadline to fund the government and avert a shutdown, and Speaker Mike Johnson says House Republicans will probably push the fight into early 2025 rather than reach a full-year funding deal this year. And then then we should be actually working on the next year’s appropriations.”But even if they push the fight to early 2025, Republicans won’t have full control over spending decisions. Government funding legislation is subject to the 60-vote threshold in the Senate, which top Republicans have promised to preserve. That means they’ll have to reach a deal with Democrats, who currently control the Senate and want to pass full-year funding this year, not in 2025. “The bottom line is we’ve got to control spending and not allow there to be a runaway spending bill in December,” he said.
Persons: Mike Johnson, , We’re, ” Johnson, Donald Trump’s, you’d, Donald J, Trump, Robert Aderholt, there’s, it’ll, ” Aderholt, Trump’s, ” Sen, John Boozman, ” Boozman, Republicans won’t, Patty Murray, Susan Collins, We’ve, I’ve, , Pete Aguilar, “ Mike Johnson, Chip Roy, Boozman Organizations: WASHINGTON, “ Fox, Democrats, , Committee, Republicans, NBC, GOP, CRs Locations: WASHINGTON —, Maine, Texas
Warner Bros. Warner Bros. The settlement with Warner Bros. Discovery, announced Monday, as well as a separate agreement between Warner Bros. The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros.
Persons: , Comcast’s, Turner, , Ernie Johnson Jr, Charles Barkley, Kenny Smith, Shaquille O’Neal, , Adam Silver, Max, Hulu, Venu that’s, David Zaslav, Silver Organizations: Warner Bros, Discovery, National Basketball Association, Warner Bros . Discovery, NBA, — Disney, Amazon, WNBA, CNBC, ESPN, Turner Sports, TNT, Disney, Comcast, TNT Sports, Nordic, NBA Digital, ABC, College Football, Warner Brothers Discovery Locations: U.S, Poland, Latin America, Brazil, Mexico
A month after Donald Trump danced spontaneously at a political rally, the moves have made their way to sporting events around the country. After two attendees fainted at an Oct. 15 rally in Pennsylvania, Trump ended his remarks, saying: “Let’s just listen to music. San Francisco 49ers defensive end Nick Bosa celebrated a sack with teammates in a game at Tampa Bay on Nov. 10. With Trump sitting cage-side Saturday in New York’s Madison Square Garden, UFC heavyweight champion Jon Jones celebrated his victory against Stipe Miocic at UFC 309 by mimicking Trump as Trump smiled. President-elect Donald Trump, singer Kid Rock and Vivek Ramaswamy stand up after UFC heavyweight champion Jon Jones' TKO victory Saturday.
Persons: Donald Trump, Trump, , Kamala Harris, Nick Bosa, Bosa, Jon Jones, Stipe Miocic, Kid Rock, Vivek Ramaswamy, Kena Betancur, Za’Darius Smith, Las Vegas ’ Brock Bowers, Tennessee’s Calvin Ridley Organizations: Trump, San Francisco 49ers, Tampa Bay, San Francisco Chronicle, NFL, Garden, UFC, Getty, Las Vegas Locations: Pennsylvania, New York’s, AFP, Las
Here are Monday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said the Jake Paul-Mike Tyson fight "demonstrates [the] ability for meaningful" live event viewership for Netflix. Goldman Sachs initiates Ingram Micro as buy Goldman said the IT solutions provider is well positioned. Goldman Sachs initiates Gatx as buy Goldman said it's bullish on the railcar company. Baird upgrades Roku to outperform from neutral Baird said in its upgrade of Roku that it sees an "attractive long-term opportunity." Needham upgrades Robin Hood to buy from hold Needham said the stock is a beneficiary of the Trump election.
Persons: Oppenheimer, Jake Paul, Mike Tyson, it's bullish, Goldman Sachs, Ingram, Goldman, Baird, Morgan Stanley, Raymond James, Wells, Needham, Biogen, it's, Robin Hood, Trump, Donald Trump's, Bernstein, Tesla Organizations: Netflix, Citi, Astera, Ingram, GATX Corporation, RBC, UBS, Franco, Wheaton Precious Metals, WPM, HSBC, Moderna, Air Products, Hewlett Packard Enterprise, Enterprise, Aetna, Bank of America, Nvidia, " Bank of America, DOJ, Google, BMO, SEC, EV Locations: Nevada, Asia
And now, scientists hypothesize that Earth may have sported its own ring some 466 million years ago. Scientists previously believed that a large asteroid broke apart within the solar system, creating the meteorites that hit Earth during the Ordovician Period. The space rock is commonly referred to as a “mini-moon” due to it coming within 2.8 million miles (4.5 million kilometers) of the planet. Also, the suggested Earth ring would have “had to be the result of the disruption of a much larger body as the authors indicate in their paper,” he added in an email, so the asteroid, likely about 37 feet (11 meters) in diameter, could not have made a new ring for Earth. However, “this ring formation event we think may have happened only once in the last 500 million years.”
Persons: CNN —, , , Andrew Tomkins, Tomkins, Roche, Earth’s, landmasses, Vincent Eke, ” Eke, PT5, Carlos de la Fuente Marcos, la Fuente Marcos, ” Tomkins Organizations: CNN, Monash University, NASA, Institute, UK’s Durham University, Complutense University of Madrid Locations: Melbourne, Australia, Earth’s Roche
Spirit Airlines files for bankruptcy
  + stars: | 2024-11-18 | by ( Chris Isidore | Olesya Dmitracova | ) edition.cnn.com   time to read: +2 min
New York/London CNN —Spirit Airlines filed for bankruptcy protection Monday, as mounting losses, unaffordable debt, increased competition for bargain-seeking airline passengers and the inability to merge with other airlines left it little choice. Airlines and other companies in the United States frequently file for bankruptcy and emerge stronger on the other side of the process. Most major US airlines, including the three largest — American Airlines, United and Delta — have filed for bankruptcy at some point in the past 25 years. Numerous airlines, including American, have had their assets purchased out of bankruptcy and merged with a different airline. In recent years Spirit has attempted two mergers, one with fellow bargain carrier Frontier Airlines and once with JetBlue Airways, which topped the offer from Frontier only to have its purchase blocked by a federal judge on antitrust grounds.
Persons: Delta —, Spirit Organizations: London CNN — Spirit Airlines, American Airlines, United, Delta, Frontier Airlines, JetBlue Airways, Securities and Exchange Commission, New York Stock Exchange Locations: New York, London, United States, Frontier
AdvertisementTwinMind, founded by former Google X employees, builds an AI assistant to better understand you. A startup formed from a handful of former Googlers — specifically Google X, the skunkworks lab that explores sci-fi moonshot ideas — is coming out of stealth. Related storiesWolverine originsAt Google X, George was the first machine learning scientist on Wolverine, a hearing wearable project first reported on by Business Insider in 2021. AdvertisementWhen ChatGPT launched in late 2022, George was working at JPMorgan with TwinMind cofounder and CTO Sunny Tang, a Google X alum. AdvertisementHe said they figured it out and claims the TwinMind app can run for 12 hours in the background non-stop before running out the battery.
Persons: , Jarvis, Marvel's Tony Stark, it's, Daniel George, Dan Roth, Rocketship, Anand Rajaraman, Michael Liou, galore, George, you've, TwinMind, ChatGPT, Sunny Tang, Siri, they're Organizations: Google, Oracle, Business, JPMorgan, Android Locations: Robinhood
Following Monday's trade, Jim Cramer's Charitable Trust will own 550 shares of DHR, increasing its weighting to roughly 3.6% from 3.4%. Since the election, Danaher shares have fallen from $250 each to $230 while Eli Lilly shares have dropped from $806 to $720. LLY YTD mountain Eli Lilly YTD Eli Lilly shares fell from $903 to $846 after a disappointing third-quarter report where inventory destocking of its fast-selling GLP-1 medications caused the company to miss estimates and lower full-year guidance. But the possible appointment of RFK Jr. has created a whole host of uncertainty for Eli Lilly and the drug stocks at large. If you look out to 2026, Lilly shares are trading at roughly 24 times.
Persons: Jim Cramer's, Donald Trump, Robert F, Kennedy Jr, We're, Danaher, Eli Lilly, Bioprocessing, Eli Lilly's, Lilly, Jim Cramer, Jim Organizations: DHR, Care Sector Fund, Department of Health, Human Services, RFK Jr, National Institutes of Health, HHS, CNBC Locations: Danaher
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Richard Tobin, Tobin, cryogenics, we'll, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Dover, Club, Marshall Excelsior Company, SPS Cryogenics, Nvidia, Walmart, Viking Holdings, Jim Cramer's Charitable Locations: Dover
1 defeated American Taylor Fritz 6-4, 6-4 to win the ATP Finals in Turin, Italy, on Sunday, claiming the trophy for the first time on home soil. On match point, Fritz sent a cross-court forehand wide to kick-start the party among the adoring Italian crowd. “It’s amazing, it’s my first title in Italy and it means so much to me,” Sinner said, via the ATP. The victory gave Sinner his eighth title of the season, the most by any ATP player this year. Fritz and Sinner greet each other at the net after the match.
Persons: CNN —, couldn’t, American Taylor Fritz, Novak Djokovic, Sinner, – Fritz, Fritz, , ” Sinner, Clive Brunskill, Ivan Lendl, Roger Federer, Djokovic, Carlos Alcaraz, Tommy Paul, Alex Zverev, “ It’s, it’s, , It’s Organizations: CNN, American, ATP, September’s, Halle, Tennis Integrity Agency, Doping Agency, Sport, Paris Olympics, I’m Locations: Turin, Italy, Miami , Cincinnati, Shanghai, Rotterdam, California
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