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☆ Williams-Sonoma says rivals who lean into discounts are training shoppers to 'wait for that promotion'
▼ + stars: | 2024-11-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

AdvertisementSome retailers are offering discounts and sales to win over inflation-weary shoppers. Discounts encourage shoppers to put off purchases, Laura Alber said. Many retailers are trying to lure in budget-conscious shoppers with discounts and other markdowns. Instead, Alber said that Williams-Sonoma has focused on getting shoppers to come back by offering consistent prices and quality items. Alber said on the company's earnings call that it wants to offer "approachable prices with great quality."

Persons: Laura Alber, Williams, Alber, CNBC's Jim Cramer Organizations: Williams, Sonoma, Walmart Locations: Sonoma

☆ Alphabet shares tumble on DOJ fears. Here's what we think about the stock
▼ + stars: | 2024-11-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

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. The market is also taking its cue from Club name Nvidia , but not in the way you would think. 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.

Persons: Jim Cramer, We'll, Kent Walker, Walker, we've, Justice Department —, Baird, haven't, Amit Mehta, Mehta, Jim Cramer's, Jim Organizations: CNBC, ., Nvidia, Google, Department of Justice, DOJ, Bloomberg, Justice Department, ISI, Ross Stores, Intuit, Jim Cramer's Charitable Locations: Eaton, Dover

☆ John Prescott, former UK deputy prime minister, has died, his family says
▼ + stars: | 2024-11-21 | by ( Story Reuters | ) edition.cnn.com time to read: 1 min

CNN —John Prescott, a former British deputy prime minister in Tony Blair’s Labour government, has died, his family said on Thursday. Prescott, 86, died following a battle with Alzheimer’s, his family said in a post on X. He served as deputy prime minister from 1997 to 2007. Prescott was one of Blair’s most colourful ministers and was known as a plain-speaking politician who bridged the divide between the traditional left-wing and the modernizers in the Labour Party.

Persons: John Prescott, Tony Blair’s, Alzheimer’s, Prescott Organizations: CNN, Tony Blair’s Labour, Labour Party Locations: British, Prescott

☆ Matt Gaetz withdraws from attorney general consideration
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

AdvertisementMatt Gaetz announced Thursday his withdrawal from consideration to be US attorney general. He said his confirmation was "unfairly becoming a distraction" to Trump's team. Matt Gaetz has withdrawn himself from consideration to be President-Elect Donald Trump's nominee for attorney general of the United States, the former Florida congressman announced on Thursday afternoon. While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance… — Matt Gaetz (@mattgaetz) November 21, 2024"I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General," Trump wrote on Truth Social. Meanwhile, Gaetz had taken the extraordinary step of resigning from the House after his nomination was announced, ostensibly to allow Florida Gov.

Persons: Matt Gaetz, Trump, Donald Trump's, Gaetz, Vance, Sen, JD Vance, Ohio, Vance …, Matt, Ron DeSantis Organizations: Trump, Administration, Florida Republican, Senate, Justice, Gaetz, Florida Gov Locations: United States, Florida

☆ Diddy argues that Abercrombie & Fitch's ex-CEO is out on bail on serial sex-trafficking charges — so he should be, too
▼ + stars: | 2024-11-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

AdvertisementSean "Diddy" Combs is making his third application for bail in his Manhattan sex-trafficking case. Jeffries is free on bail on serial sex trafficking charges, so Combs should be too, his lawyers say. Federal prosecutors allege that for decades, both men used their wealth and the power of their brands to coerce victims into participating in drug-fueled sex parties. AdvertisementComparisons of Jeffries and Combs are promising to be a prominent part of bail arguments scheduled for Friday in Manhattan. AdvertisementProsecutors are fighting Combs' bail offer, which includes a $50 million bond collateralized by his Miami mansion, plus home confinement with round-the-clock monitoring.

Persons: Sean, Diddy, Combs, Michael Jeffries, Jeffries, Arun Subramanian, Christy Slavik, Marc Agnifilo, Slavik, Agnifilo Organizations: Abercrombie, Fitch, Prosecutors, Mr, Hyatt, Advertisement Defense, US, Office Locations: Manhattan, New York, Miami, Midtown Manhattan, Hyatt New York, Brooklyn, Los Angeles

☆ Brazil ex-President Jair Bolsonaro indicted over alleged knowledge of coup plot
▼ + stars: | 2024-11-21 | by ( Jennifer Hauser | Julia Vargas Jones | ) edition.cnn.com time to read: +2 min

CNN —Brazilian authorities have indicted ex-president Jair Bolsonaro, accusing him of “full knowledge” of a 2022 plot to kill his successor, Luiz Inácio Lula da Silva, and overturn the results of the presidential election. On Thursday, Brazil’s federal police indicted 37 individuals including Bolsonaro, as part of the investigation into the fallout of the 2022 presidential elections, in which Bolsonaro’s bid for reelection was defeated, CNN Brasil reports. Police reportedly allege that Bolsonaro had “full knowledge” of a plan to prevent Lula and his government from taking office after his election victory. Earlier this week, Brazilian police arrested five people, including a former adviser to Bolsonaro, over the alleged plots. In October 2022, Lula narrowly beat Bolsonaro in the presidential election.

Persons: Jair Bolsonaro, Luiz Inácio Lula da Silva, Bolsonaro, Lula, Lula’s, Geraldo Alckmin, Alexandre de Moraes, Moraes, Mário Fernandes –, Bolsonaro’s, Flavio Bolsonaro, ” Organizations: CNN, CNN Brasil, Police, Supreme, Brazilian Locations: Brasilia

☆ Susan Smith case: 2 boys drowned and a deception that gripped the nation: Why it is still intensely felt 30 years later
▼ + stars: | 2024-11-21 | by ( Emma Tucker | ) edition.cnn.com time to read: +11 min

At the hearing, David Smith pointed to his ex-wife’s record as he told the parole board that 30 years is simply not enough time for Susan Smith to spend in prison. The father said he questioned whether he could go on after Susan Smith killed their sons. Susan Smith’s attorney, Tommy A. Thomas, did not respond to a request for comment before or after Wednesday’s parole hearing. The parole board really listens to that,” said Hayden Smith, who conducts research for the state’s department of corrections and has interviewed Susan Smith while incarcerated. The South Carolina Department of Probation, Parole and Pardon Services Public Information Director Anita Dantzler speaks during a news conference after a parole hearing for Susan Smith on Wednesday.

Persons: Susan Smith’s, – Michael, Alex, –, Smith, David Smith, …, ”, Tommy Pope, John D, that’s what’s, Susan, ” Pope, Michael, White, Black, Gloria Browne, Marshall, “, ” Browne, ’, Pope, ” David Smith, Susan Smith, Walter Ratliff, “ Susan Smith, ” Smith, “ I’m, … I’m, Tommy A, Thomas, Michael Smith, Lou Krasky, Hayden Smith, Willie Horton, furloughed, Anita Dantzler, David Yeazell, Smith –, Professor Browne, Ida B, Wells, he’s, “ I’d Organizations: CNN, John Jay College of Criminal, Investigators, Judicial, South Carolina Board, Paroles, ” Visitors, University of South, Services, South Carolina Department of Probation, Washington Post Locations: South Carolina, Union, Long, Carolina, Columbia, Union , South Carolina, University of South Carolina, Massachusetts, Southern, Washington

☆ Wisconsin kayaker accused of faking his own drowning is alive in Europe, officials say. Investigators are begging him to return home
▼ + stars: | 2024-11-21 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +6 min

CNN —Ryan Borgwardt, a Wisconsin kayaker accused of faking his own drowning and fleeing the country, is alive somewhere in Eastern Europe and has been talking to investigators, officials said. “Great news: we know that he’s alive and well,” Green Lake County Sheriff’s Office Chief Deputy Matthew L. Vande Kolk said Thursday. Borgwardt told investigators that he thought they would stop searching for him after about two weeks, officials said. He chose Green Lake, in part, because it is the deepest natural lake in Wisconsin. The FBI, Department of Homeland Security and the Wisconsin Department of Criminal Investigations are assisting investigators, Vande Kolk said.

Persons: CNN — Ryan Borgwardt, it’s, “, Matthew L, Vande Kolk, Ryan, Borgwardt, ” Borgwardt, Green Lake Sheriff Mark Podoll, Vande, ”, ” Vande Kolk, Kolk, Borgwardt’s, Podoll, Keith Cormican, Bruce’s, ” Cormican, …, Amanda Musa Organizations: CNN, Sheriff’s, Canada, Green Lake Sheriff, FBI, Department of Homeland Security, Wisconsin Department of Criminal Investigations Locations: Wisconsin, Eastern Europe, Lake, Green, Watertown , Wisconsin, Europe, Madison, Detroit, Uzbekistan, Canada

☆ Colin Gray, father of alleged Apalachee High School shooter, pleads not guilty to charges that he shares responsibility for killings
▼ + stars: | 2024-11-21 | by ( Andy Rose | Devon M. Sayers | ) edition.cnn.com time to read: +4 min

Winder, Georgia CNN —Colin Gray, the father of alleged Georgia school shooter Colt Gray, entered a not guilty plea Thursday morning to charges – including two counts of second-degree murder – alleging that he shares responsibility for the September shooting. Gray faces 29 charges, including two counts of second-degree murder and two counts of involuntary manslaughter. He was indicted on 55 counts, including four counts each of malice murder and felony murder. Colt Gray will be tried as an adult. Colin and Colt Gray have both been jailed since their arrests.

Persons: Georgia CNN — Colin Gray, Colt Gray, Gray, Jimmy Berry, ” Colin Gray, Jennifer, James Crumbley, Ethan Crumbley, Ethan, Colin Gray, “, ” Colt Gray, Elijah Nouvelage, Thursday’s, Berry, Colin, Chase Boyd, Boyd, Brandon King, CNN’s Dakin Andone, Lauren del Valle Organizations: Georgia CNN, Oxford High School, Apalachee High School, Reuters, Grays, Barrow County Sheriff’s, Barrow News, Gun Safety Locations: Winder, Georgia, Michigan, Atlanta, Winder , Georgia, Barrow County, Barrow, Uvalde , Texas, United States

☆ Here's what analysts are saying about Nvidia earnings
▼ + stars: | 2024-11-21 | by ( Meghan Morris | Chris Johnston | ) www.businessinsider.com time to read: +4 min

CEO Jensen Huang said more Blackwell chips will be delivered this quarter than previously estimated. Nvidia delivered another strong set of quarterly results on Wednesday, sparking positive initial reactions among the company's analysts. Nvidia observers were keeping a close eye on any mention of Blackwell chips, the popular next-generation chips in high demand. Nvidia will deliver more Blackwell chips this quarter than previously estimated, Huang said, and demand exceeds supply as expected. AdvertisementHSBC analysts wrote in a note that they expect "significant" earnings upside for the 2026 financial year despite gross margin pressure.

Persons: Jensen Huang, Blackwell, Trump, aren't, Robert Lea, Huang, Dan Ives, AI Jensen, Konstantin Oldenburger, Stephen Yiu Organizations: Nvidia, Bloomberg Intelligence, Wedbush Global Tech Team, CMC Markets, Deutsche Bank, HSBC, Bloomberg Locations: Asia

☆ Here's why Dollar Tree and Dollar General stocks have plummeted
▼ + stars: | 2024-11-21 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

Dollar stores companies were some best performing stocks in the S&P 500 during the Great Recession, said Piper Sandler managing director Peter Keith. Shares of Dollar Tree — which owns its namesake brand and Family Dollar — and Dollar General have both fallen roughly 50% this year. Lower income Americans, who comprise about 60% of Dollar General sales, are under more pressure to stretch their dollars in the face of high inflation. In its fiscal 2024 second quarter earnings call, Dollar General said those customers are also more reliant on online storefronts, which dollar stores have had less success in rolling out. Both Dollar Tree and Dollar General have also faced numerous worker safety violations over the past decade.

Persons: Piper Sandler, Peter Keith, Keith, Melissa Repko Organizations: Walmart, CNBC

☆ Elon Musk just reignited his feud with Jeff Bezos
▼ + stars: | 2024-11-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in a X post on Thursday. Musk said Bezos told people that Trump would lose and they should sell their Tesla and SpaceX stock. Elon Musk has taken aim at Jeff Bezos once more, reigniting the war of words between the world's two richest people. In a X post on Thursday, Musk said that Bezos had told people to dump their shares in his companies because Donald Trump was bound to lose the presidential election. This message about Bezos is a way to give himself an excuse to legitimately do so, by saying that 'Bezos started it.'"

Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Trump, Donald Trump, ince, ould, ake Organizations: SpaceX Locations: lon, usk, ehicles,

☆ Expect clear sailing for Nvidia's growth story over the next 2 years, says Paul Meeks
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect clear sailing for Nvidia's growth story over the next 2 years, says Paul MeeksPaul Meeks of Harvest Portfolio Management says that he still thinks that Nvidia's valuation is attractive from a price/earnings-to-growth ratio and that slowing demand for GPUs from AI hyperscalers is not a risk at Nvidia for 2025 and beyond.

Persons: Paul Meeks Paul Meeks Organizations: Management, Nvidia

☆ Adani vs. Hindenburg: How one of India's biggest empires descended into chaos
▼ + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Gautam Adani, the billionaire chairman of India's Adani Group, was indicted on Wednesday along with seven others in New York federal court for his involvement in a large-scale bribery and fraud scheme. March 2023 to May 2023In March, India's Supreme Court sets up an independent six-member panel to investigate the allegations made in the Hindenburg report. Then in May, the court-appointed panel said it has "drawn a blank" in its probe into Adani group, according to Reuters. December 2023 to January 2024By the end of 2023, Adani Enterprise shares had recovered from the fallout and concluded the year with smaller declines of 26%. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.

Persons: Gautam Adani, Hindenburg, Adani, Madhabi Puri, Narendra Modi, Modi, Rahul Gandhi Organizations: Hindenburg Research, India's, Adani, Hindenburg, Adani Enterprises, Reuters, Adani Enterprise, Bloomberg, Indian, Forbes Locations: Krakow, Poland, New York, Asia, Madhabi Puri Buch, Sri Lanka, India, Australia

Mike DeWine, Columbus Mayor Andrew Ginther and other city leaders condemned the neo-Nazis in statements and on social media. But Black locals like Holmes wanted to do more and send a message of solidarity, they said. A group of Black leaders and locals marched through Columbus, Ohio, in a “unity” rally. Dozens of men walked, many side by side, down North High Street, many dressed in all black. He said the atmosphere among Black Columbus residents was one of fear and anxiety, with many wondering if they were safe in the city.

Persons: Derrick Holmes, ” Holmes, Joe Biden, Andrew Bates, Nazism, Mike DeWine, Columbus Mayor Andrew Ginther, Holmes, Black, Sean Walton Jr, Brian Winston, Walton, ” Winston, “, ” Walton, ”, Elaine R, Bryant, Winston, Donald Trump’s, Anne Frank ”, Trump, Christian supremacists, Trump’s, Karoline Leavitt, Oren Segal, Jon Lewis, George, ” Lewis Organizations: Columbus ’ Union, Columbus ’ Union Grove Baptist Church, North, North Arts District, ”, ” Ohio Gov, Columbus Mayor, of, Black Columbus, Columbus, Columbus Division of Police, Police, Washington Post, Nazi, Defamation League Center, Extremism, New York Times, Hate, George Washington University’s Program Locations: Columbus , Ohio, Columbus, Columbus ’ Union Grove, United States, ” Ohio, of Central Ohio, Houston, Black, Michigan, Ohio, Springfield, Charlottesville , Virginia, Louis, “

☆ Alec Baldwin's 'Rust' earns polite response at world premiere as Halyna Hutchins honored
▼ + stars: | 2024-11-20 | by ( ) www.nbcnews.com time to read: +5 min

Over three years after the accidental on-set death of cinematographer Halyna Hutchins, Alec Baldwin's Western film “Rust” received a polite response during its controversial premiere Wednesday at the EnergaCamerimage festival in Toruń, Poland. The audience clapped through the film’s closing credits, strengthening their applause when a dedication to Hutchins appeared. The premiere opened with Camerimage director Marek Żydowicz asking the audience to stand for a moment of silence for Hutchins. Cinematographer Rachel Mason, Hutchins’ friend who made a documentary about the completion of the film, then made an emotional speech. Additionally, AFI launched the Halyna Hutchins Memorial Scholarship Fund.

Persons: Halyna Hutchins, Alec Baldwin's, Rust ”, Hutchins, Joel Souza —, New Mexico —, Bianca Cline, Alec Baldwin —, Baldwin, Hutchins ’, Olga Solovey —, Baldwin —, Matthew Hutchins, “, Marek Żydowicz, Rachel Mason, ”, doesn’t, Joel Souza, Wojtek Radwanski, Żydowicz, Halyna’s, Halyna, ” Mason, ” Souza, Cline, ” Cline, you’ll, ” Hutchins, Rust, he’s, armorer Hannah Gutierrez Reed Organizations: Getty, America Society of Cinematographers, AFI Locations: Toruń, Poland, New Mexico, AFP, Camerimage, EnergaCamerimage, Wyoming

VIENTIANE, Laos — Women and racial diversity are vital to the strength of U.S. armed forces, outgoing Defense Secretary Lloyd Austin said in an exclusive interview with NBC News as he prepares to shortly exit the top military post after four years. “I would tell you that, you know, our women are the finest troops in the world. Our military is going to remain a diverse military," Austin said. Austin did not weigh in on what he thinks about Trump's choice of Hegseth to lead the Department of Defense. Austin, a four-star general who was previously commander of U.S. Central Command, was appointed as Secretary of Defense by President Joe Biden and was sworn in on Jan. 22, 2021.

Persons: Lloyd Austin, “, ” Austin, Donald Trump’s, Pete Hegseth, Hegseth, ”, Austin, Trump, Biden, Vladimir Putin, —, we've, Joe Biden, Lester Holt Organizations: NBC News, Defense, Army National Guard, Pentagon, Senate, Republicans, Department of Defense, ., Korean, U.S . Central Command, NBC Locations: VIENTIANE, Laos, Iraq, Afghanistan, United States, Ukraine, Russia, U.S, Russia's Kursk, Jan

The House Ethics Committee weighs releasing their report on Matt Gaetz. And Susan Smith, who made headlines for killing her sons 30 years ago, is up for parole. The Ethics Committee has jurisdiction only over sitting members of Congress, Johnson argues. But there is precedent for the Ethics Committee to publish reports after a member of Congress has resigned. Susan Smith up for parole 30 years after killing her sonsSusan Smith leaves court after a hearing in Union, S.C., in 1995.

Persons: Matt Gaetz, Susan Smith, Donald Trump, Gaetz, Susan Wild, Joel Leppard, Mike Johnson, Trump, Johnson, Read, Mike Cavanaugh, ”, Vladimir Putin, Brooks Kraft, Smith’s, Michael, Alex, Smith, Rafael Nadal, Jay Leno, Barbara Gauntt, Chokwe Antar Lumumba, Lumumba, — Bracey Harris Organizations: Comcast, Justice Department, Republicans, Democrats, Gaetz, MSNBC, Syfy, Golf, CNBC, Oxygen, NBC News, NBC, Bravo, United, Brooks, Brooks Kraft LLC, Getty, South, Davis, Mississippi State Capitol, Clarion, Ledger, Residents Locations: Florida, USA, U.S, Kyiv, United States, Ukrainian, Russian, Ukraine, Union, South Carolina, Northern California, Pacific, California, Jackson

San Diego native Kevin DiCicco is ready for his second act. The man credited with creating the movie “Air Bud” has experienced homelessness while battling multiple health issues, but the kindness of others is helping him get back on his feet. He believes that contributed to his ongoing respiratory issues that include chronic obstructive pulmonary disease. But after two or three minutes, you start getting short of breath,” DiCicco explained about his respiratory issues. In addition to health issues, the San Diego man says his 90-day limit at a North County homeless shelter is almost up.

Persons: Kevin DiCicco, Bud ”, ” DiCicco, Buddy, DiCicco, San Diego, ”, he’ll Organizations: San Diego, “ Locations: San, Gofundme, North County

The United States said Wednesday that its embassy in the Ukrainian capital, Kyiv, had closed after receiving "specific information of a potential significant air attack." "Out of an abundance of caution, the Embassy will be closed, and Embassy employees are being instructed to shelter in place," it said in a security alert, recommending U.S. citizens take shelter if an air alert is announced. Shutting the embassy is not an unprecedented move amid the war, which reached its 1,000th day Tuesday. Searchlights look for Russian drones in the skies over Kyiv, in the early hours of Wednesday morning. Moscow could justify a nuclear strike if subject to an attack by a nonnuclear country that is supported by a nuclear country, according to the revised doctrine.

Persons: Serhii, Gleb Garanich, Vladimir Putin Organizations: Embassy, Kyiv’s, Military Administration, Reuters Locations: States, Kyiv, Ukrainian, Russian, Dniprovskyy, Ukraine, Bryansk, Moscow

☆ Kashmir: This disputed region of India has bread that rival France’s
▼ + stars: | 2024-11-20 | by ( Smitha Menon | ) edition.cnn.com time to read: +10 min

While rice is the staple that’s cooked in households across Kashmir, bread is what drives the local community and economy. With so much traditional knowledge guarded and passed down through generations, Kashmir’s bread culture could qualify for a UNESCO intangible heritage listing and possibly rival France’s boulangerie tradition. Her father hailed from Kashmir so for her, summertime equals Kashmir, and Kashmir equals a warm, pillowy girda. When she returned years later, to learn more about Kashmir’s bread culture from her neighborhood baker, she was promptly told off. “Bread is really sacred in Kashmir and that relationship that a family has with their local kandurwan is really special.

Persons: Emperor Jehangir, Faisal Khan, Mukhtar Khan, France’s, Altaf, “, Mehvish, ”, AP Dal, Muzamil, Marryam, Reshii, roth, it’s, that’s, rogan josh, Roth, Jasleen Marwah, girda, I’d, Marwah, Tauseef Mustafa, Varun Totlani, tzir, Hussain Shahzad, morel, Vanika Chaudhury, Vanika, scoffed, Douglas McMaster, Chaudhury Organizations: India CNN, Silk, Anadolu Agency, Getty, UNESCO, CNN, AP, Folk, Silo Locations: Srinagar, India, Kashmir, Srinagar’s, Pakistan, kandarwans, Europe, East, Asia, Central Asia, pillowy, New Delhi, Goa, Portuguese, chai, “, Indian, Mumbai, AFP, India’s Himachal Pradesh, Masque, Mumbai’s, Lower Parel, London

Two people were killed and a third was injured after a house in an Ohio village exploded and caught fire Tuesday morning, officials said. The home exploded at around 8:44 a.m. in Bethel, a village of around 2,600 southeast of Cincinnati, Bethel Fire Chief Christopher Cooper said at a news conference. “It was a large explosion that had sent debris across the neighborhood,” Cooper said, describing the scene as chaotic. Firefighters work the scene of a house explosion in Bethel, Ohio, on Tuesday. The property that exploded was a one-story ranch house that used propane instead of gas, he said.

Persons: Christopher Cooper, ” Cooper, Stephanie Young, Cooper Organizations: Bethel Fire, Firefighters, NBC Locations: Ohio, Bethel, Cincinnati, Bethel , Ohio

☆ Indian billionaire Gautam Adani indicted on bribery charges in alleged bribery scheme
▼ + stars: | 2024-11-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

AdvertisementIndian billionaire Gautam Adani has been charged in a massive bribery scheme. Adani and his executives convinced US investors to buy bonds on false promises, prosecutors allege. Prosecutors brought bribery charges against billionaire Gautam Adani, one of the richest people in India, alleging the business magnate and seven of his senior executives paid hundreds of millions of dollars in bribes to the Indian government and hid them from US investors. Gautam Adani, the founder and chairman of Indian conglomerate Adani Group, is estimated to be worth more than $85 billion, according to Bloomberg. Adani and his executives convinced US investors to buy bonds in one of the companies using false promises, prosecutors allege.

Persons: Gautam Adani, Adani, Sagar, Gautam, Sagar Adani, Sanjay Wadhwa Organizations: New, SEC, Adani, Bloomberg Locations: India, New York, SEC's

☆ Meet the Jersey Mike's founder now worth $7.5 billion after selling his sandwich chain to Blackstone
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

AdvertisementMeet Peter Cancro, the Jersey Mike's founder who's selling the sandwich chain to Blackstone. The founder and CEO of Jersey Mike's is now worth an estimated $7.5 billion, propelling him into 390th place on the Bloomberg Billionaires Index. Blackstone said Tuesday it had agreed to buy a majority stake in Jersey Mike's. Jersey Mike's is the second-largest sandwich chain after Subway. Justin Sullivan/Getty ImagesCancro changed the company's name to Jersey Mike's when he began franchising in 1987.

Persons: Peter Cancro, Cancro, that's, Netflix's Reed Hastings, eBay's Jeff Skoll, Giorgio Armani, Mark Cuban, Blackstone, Jersey Mike's, It's, Danny DeVito, Justin Sullivan, — Organizations: Bloomberg, Jersey, —, Hilton Locations: Jersey, Blackstone, Jersey Mike's, Jersey Shore

☆ Wall Street awaits Nvidia's earning report for clues about the chip giant's future
▼ + stars: | 2024-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.

Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, —, BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London

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