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This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back. BTC.CM= YTD mountain Bitcoin, YTD Every bullish argument for bitcoin comes down to "More people will soon have more ways to buy more of it." I've tracked the interplay between bitcoin and Nvidia shares for a while. The market's immediate response was simply to allow Nvidia to hold onto the $2.3 trillion in market value it's added this year, but not to pile on more. Meaning the current pace of new money entering these funds is not as heavy relative to total market value as it was nearly four years ago.
Persons: Trump, bitcoin, I've, John Roque, Warren Pies Organizations: Nasdaq, Nvidia, Nvidia ramped, Vanda Research, Trump, 22V Research, Bloomberg, Federal Reserve, 3Fourteen Research Locations: lockstep, bitcoin
Henry Schein is a leading global distributor of health-care products and services primarily to office-based dental and medical practitioners. Health care distribution covers Henry Schein's distribution of dental and medical products, such as laboratory products, pharmaceuticals, vaccines, surgical products, dental specialty products and diagnostic tests. While Henry Schein has successfully carved into the office-based physician niche as the No. Henry Schein is a great company that has gotten sleepy and been allowed to coast when it could have been soaring. Several directors have been in their seats at Henry Schein for over a decade and the board lacks best-in-class distribution expertise.
Persons: Henry Schein, Charlie Penner, Alex Silver, Schein's, Henry Schein's, Patterson, Benco, Schein, Stanley Bergman, Ananym, Ken Squire Organizations: Ananym Capital Management, Jana Partners, P2 Capital Partners, Cardinal Health, 13D Locations: New York, EBITDA ., EBITDA
He promised salvation for a country “in ruins” — an end to immigration, a civil service stripped of entrenched left-wing opponents, a judiciary purged of meddlesome judges and a news media giving voice to the people instead of elites. Those campaign pledges — similar to ones made by Donald J. Trump during his successful bid for a second term as U.S. president — helped bring Jaroslaw Kaczynski and his nationalist Law and Justice party to power in Poland in 2015. More than a year after an election that ended that party’s eight-year rule, its liberal successors are still struggling to undo the “new state apparatus” that Mr. Kaczynski helped put in place and that legal experts say seriously damaged Poland’s legal system. Unwinding the legacy of populist conservative rule “takes longer than you expect,” said Adam Bodnar, the justice minister at the forefront of the new government’s efforts to reverse Poland’s retreat from liberal democracy under Law and Justice.
Persons: Donald J, Trump, , Jaroslaw Kaczynski, Kaczynski, , , Adam Bodnar Organizations: Justice, Law Locations: Poland
Such a company would be a major longshot: Loosararian had very little work experience or seed money, and no tech industry connections. After graduating college in 2013, Loosararian co-founded Pittsburgh-based Gecko Robotics. He worked 100-hour weeks to save "$30,000 or $40,000" and fund his startup's first few years of existence, he says. Today, Gecko Robotics is a fast-growing robotics company with $220 million in funding, including a $100 million fundraising round last year that valued Gecko at $633 million. CNBC Make It: Did you immediately believe you had a major tech startup on your hands after building a successful robot in college?
Persons: Jake Loosararian's, might've, he'd, Loosararian, There's, I'm, Aw Organizations: CNBC, Pennsylvania's, Pennsylvania's Grove City College, Robotics Locations: Pennsylvania's Grove, Pittsburgh
CNN —A kayaker’s leg was amputated during a dramatic, hours-long rescue operation to free him from between rocks on a river in Australia on Saturday, local police said. His 20-hour ordeal began at about 2:30pm on Friday when he became trapped while kayaking through rapids with a group on the Franklin River, police said in a statement. Rescuers made several unsuccessful attempts to extract the man between Friday evening and Saturday morning. “Every effort was made to extract the man before the difficult decision to amputate his leg.”Oosterloo also praised the emergency responders. “I’d like to thank everyone who contributed to this operation in the most difficult of circumstances,” he said.
Persons: Franklin, Gordon Wild, , Doug Oosterloo, ” Oosterloo Organizations: CNN, Hobart, Authorities, Gordon Wild Rivers, Police Locations: Australia, Tasmania’s, Franklin
Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Villages and visasThe Italian village offering $1 homes to Americans upset by the US election result was one of our top stories on CNN Travel this week. Despite all the houses going on offer, working visas to Italy are still very limited. Over in the world of dairy, this year’s World Cheese Awards saw 4,786 cheeses from 47 countries assembled in the Portuguese city of Viseu to face judges’ scrutiny. The US agency might even have to slow air traffic down because of air traffic controller shortages, particularly in the Northeast.
Persons: Zeneba Bowers, Matt Walker, Chelsea Waite, , they’re, CNN Kim Morgan, Tom Latkovic, Lyme, Vang, tarantulas Organizations: CNN, FAA, CNN Travel, Federal Aviation Administration, Northeast . American Airlines, Spirit Airlines Locations: Italy, Sicily, Sardinian, Ollolai, Tennessee, Rome, California, Ham, Parma, Portuguese, Viseu, Kashmir, India, France, United States, Northeast, Europe, Laos, Vang Vieng, Britain
AdvertisementMicrosoft CEO Satya Nadella called for a culture change amid the company's security challenges. Microsoft has accepted responsibility for security flaws, acknowledging breaches by hackers. Microsoft, the world's largest software maker, doesn't have the best track record regarding security. Microsoft CEO Satya Nadella says the company needs to change that. Since taking the helm in 2014, Nadella has been known for leading empathetically and emphasizing that change wouldn't come from blaming employees.
Persons: Satya Nadella, Brad Smith, Nadella Organizations: Microsoft, US Department of Homeland Security, Department of Homeland Security, Wired, Business Locations: CrowdStrike, Russian
Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. Trump tapped hedge fund manager Scott Bessent, the founder and chief executive of Key Square Group, to be his next Treasury secretary on Friday. Bessent, a Wall Street veteran and a top economic advisor to Trump, emerged as a favorite of the president-elect while on the campaign trail this year. The Wall Street Journal reported that Trump sought advice from Wall Street leaders for the Treasury spot, and his advisors told him that analysts would view Bessent as a stabilizing figure.
Persons: Elon, Donald Trump's, Musk, Howard Lutnick, Trump, Scott Bessent, Donald Trump, Elon Musk, Vivek Ramaswamy, Bessent, Cantor Fitzgerald, Organizations: Mar, UFC, of Government Efficiency, Trump, Key Square, Wall Street, Senate, Street Journal, Treasury, Business Locations: Lago, Florida, New York, Trump's, United States
“SOCIAL MEDIA BULLYING IS REAL,” her relatives said in bold caps on a GoFundMe page set up to raise money for her funeral. The Liberal opposition party proposed a social media age limit in June that was backed by the prime minister, then all the state and territory leaders. “Too often social media isn’t social at all, and we all know that. Social media apps subject to the proposed ban include Facebook, Instagram, Snapchat, Reddit and X. Mateusz Slodkowski/SOPA Images/LightRocket/Getty ImagesX owner Elon Musk was less diplomatic in a post on his social media platform. Under the law, social media accounts already created by children under 16 would be deactivated.
Persons: Australia CNN — Kirra Pendergast, She’d, ” Pendergast, , , Kirra Pendergast, CNN Pendergast, ’ ”, it’s, aren’t, Charlotte O’Brien, Seven Network Australia Ella Catley, Crawford, GoFundMe Charlotte O’Brien, Ella Catley, Crawford –, Charlotte’s, Matthew Howard, Kelly O’Brien, ” Howard, Danielle Einstein, Einstein, Charlotte O’Brien’s, Anthony Albanese, CNN Dany Elachi, Elachi, who’ve, we’re, It’s, ” Amanda Third, Monica Pronk Amanda Third, Michael Miller, Hilary Wardhaugh, Mateusz Slodkowski, Elon Musk, Donald Trump, Snapchat, Pendergast, she’s, Organizations: Australia CNN, Social, CNN, Facebook, Seven Network Australia, International Association for Suicide Prevention, Befrienders, , Liberal, Alliance, Young, Western Sydney University, News Corporation, Meta, News Corp, News Corp Australasia, National Press Club, National Press Club News Corp Australia, ” News Corp, . News Corp, Courier, Digital Industry Group Inc, Inc Locations: Brisbane, Australia, Snapchat, Canberra
Currently, individuals and married couples can gift or bequeath $13.61 million and $27.22 million, respectively, before a 40% federal estate tax kicks in. AdvertisementThe heirs don't own the trust assets but rather have lifetime rights to the trust's income and real estate. Any payout is also protected from estate taxes, even if the insured's estate and death benefit exceed the exemption. AdvertisementThis tactic can also be used to save on estate taxes by ultra-rich entrepreneurs who have already used their exemption but have less-wealthy parents who haven't. When the children inherit the assets, the federal estate tax doesn't kick in as long as the grandparents' estate does not exceed $27.22 million.
Persons: Trump, Robert Strauss, Weinstock Manion, Uncle Sam, Wrigley, Jeff Bezos, Jackie O, Edward Renn, Tyler Le, remarries, Jenny Chang, Rodriguez, Sam Walton, haven't Organizations: Republican, Getty, IRS, Federal Reserve, Walmart Locations: Cayman Islands, Bermuda, Washington, Florida, Wyoming, Plenty
They were each convicted on four counts related to human smuggling, including conspiracy to bring migrants into the country illegally. “This trial exposed the unthinkable cruelty of human smuggling and of those criminal organizations that value profit and greed over humanity,” Minnesota U.S. Attorney Andy Luger said. Shand was to pick up 11 Indian migrants on the Minnesota side of the border, prosecutors said. Canadian authorities found the Patel family later that morning, dead from the cold. Rajinder Singh, 51, testified that he made over $400,000 smuggling over 500 people through the same network that included Patel and Shand.
Persons: Ramanlal Patel, Harry, , Steve Shand, Attorney Andy Luger, , ” Luger, Harshkumar Patel, Luger, Jagdish Patel, Vaishaliben, Dharmik, Jan, Patel, Shand, Prosecutors, Rajinder Singh, Singh, El Salvadorans, Jamie Holt, ” Holt, Kevin Paul, ” Paul Organizations: Fergus Falls , Minnesota AP, Indian, Minnesota U.S, Attorney, Minnesota -, Attorney’s, Associated Press, Immigration, Customs, Canadian Press, Bank, U.S ., The U.S . Border Patrol, Pew Research, Homeland Security Investigations Locations: Fergus Falls , Minnesota, Canada, U.S, American, Florida, Minnesota, Minnesota - Canadian, Harshkumar Patel Sherburne, India, Gujarat, , The U.S, El, Clearwater , Minnesota, North Dakota
AdvertisementBluesky's user base surged to 21 million, prompting the company to race to get more servers. Its growth follows users leaving X, with over 280,000 closing their accounts on Election Day. Bluesky has "blown past" its user growth projections so much that it's racing to get more servers to keep the site running smoothly, the social media platform's chief operating officer has said. AdvertisementThe social media network has surpassed 21 million users, up from 13 million in October, as X users have left in droves and flocked to the platform. The US election appears to have triggered a migration of X users to Bluesky, which has been praised because of its similarity to the "old Twitter."
Persons: Rose Wang, Bluesky, Wang, Gordon MacMillan, X's, Elon Musk, Donald Trump, Jack Dorsey, Jay Gruber, Dorsey, Musk, Elon Organizations: Twitter, Wired
But a new US Army contract for a TNT production facility in Kentucky will change that. The US intends to start making TNT at home again. The US Army plans to build a domestic production facility for the explosive compound, which the Pentagon has long been forced to obtain from overseas. Restarting domestic TNT production is an investment in the country's industrial base, she said. The new TNT production facility is expected to help strengthen the US military's preparation for large-scale conflict.
Persons: It's, John T, Kevin Sterling Payne, Bradley Martin, Oleg Petrasiuk, Cynthia Cook, Cook, Reim Organizations: TNT, US Army, Pentagon, Factory, Army, USA, Defense, Armaments and, US, Russia, 24th Mechanised Brigade, AP, Industrial, Group, Center for Strategic, International Studies, Operation Locations: Kentucky, Russia, China, Ukraine, Army's, Germany, Navy, Kyiv, South Korea, Poland
AdvertisementArkansas resident GT Hill purchased a missile silo, decommissioned in the 1980s, for $90,000 in 2010. He bought a $90,000 decommissioned missile silo and turned it into an Airbnb. If it's a Walking-Dead-style apocalypse, you don't want to be in a missile silo because then you're trapped inside. Lastly, I was interested in owning a missile silo because it's just kick ass. Courtesy of GT HillI found my missile silo, called Titan II, online.
Persons: Hill, I'm, It's, we're, We've, We'd, we've, Kara, Nate, Lynne Peeples, everybody's, it's Organizations: GT Hill, GT, Air Force, US, Titan Locations: Arkansas, Vilonia , Arkansas, Oregon, Searcy , Arkansas, Russia
The shop, which he ended up renaming Jersey Mike's Subs, has since made him a billionaire. The deal reportedly valued Jersey Mike's Subs at around $8 billion including debt, bumping Cancro's net worth to estimated $7.5 billion, according to Bloomberg. The night his mom suggested he buy the business he'd been working at since he was 14, he laughed, Cancro told Forbes in August. He called the restaurant owner the next day and the owner told Cancro he had a week to find $125,000, Cancro told "The Jedburgh Podcast" in 2021. Cancro became the sole owner of Mike's Subs before even graduating from high school.
Persons: Peter Cancro, he'd, Cancro, Forbes Organizations: Subs, Jersey Mike's Subs, Blackstone, Bloomberg, University of North, Forbes Locations: Pleasant , New Jersey, Jersey, University of North Carolina
New York CNN —This week ended with President-elect Donald Trump nominating one of the most pro-union Republican members of Congress to be his secretary of Labor. Trump support growing among unionsTrump received more support from rank-and-file union members in this election than he had in past elections. “Now he is threatening to take the unprecedented action of removing current pro-worker NLRB members in the middle of their term, replacing them with his corporate friends. Nearly half of the nation’s union members work for different units of government, not companies. Many of the public-sector bargaining rights are not set at the national level, but at the state level, where most public-sector employees and union members work.
Persons: Donald Trump, Elon Musk, shouldn’t, Lori Chavez, DeRemer, “ Lori Chavez, , United States —, Chavez, Biden, Kamala Harris, Joe Biden, Harris, It’s, Mitt Romney, Sean O’Brien, Trump, O’Brien, Becky Pringle, Pringle, Donald Trump’s, , ” Pringle, ” Jody Calemine, Calemine, Jennifer Abruzzo, Musk, he’s, Todd Vachon, ” Vachon, “ I’m, ” “, “ Trump Organizations: New, New York CNN, Republican, Labor, National Labor Relations Board, Labor Department, AFL, United, Trump, CNN, United Auto Workers, Teamsters, Convention, National Education Association, NLRB, Biden, SpaceX, Occupational Health, Safety Administration, Musk, Tesla, UAW, Labor Education Action Research Network, Rutgers, National Employment Law, Competitive Enterprise Institute Locations: New York, United States, unionize
It’s a system that works for the idols who make it big, but it has also drawn criticism for its grueling methods, which some call exploitative. One of the biggest stars to come out of that system is Rosé. Born Roseanne Park, she trained for four years with one of K-pop’s largest agencies, YG Entertainment, eventually breaking through as part of the girl group Blackpink. Now at age 27, she is striking out on her own with her first full-length solo album, “Rosie,” which comes out on Dec. 6 from Atlantic Records. She is still a member of Blackpink, and the group re-signed with YG in 2023.
Persons: Roseanne Park, “ Rosie, , Bruno Mars Organizations: YG Entertainment, Atlantic Records, APT, YG
AdvertisementDr. Casey Means and her brother Calley are helping shape RFK Jr's new approach to America's health. In a best-selling book "Good Energy," she makes a case that modern diseases are rooted in metabolic health. Robert F. Kennedy Jr. is a fan of Casey Means' work and views in the wellness space. Her mantra is that a healthy metabolism can reverse many health conditionsMeans' book promotes the pursuit of Good Energy, which she defined as great metabolic health. AdvertisementShe espouses popular advice around diet, exercise, and sleepThroughout the book, Means promotes widely agreed-upon health advice.
Persons: Casey Means, Calley, Dr, Marc Andreessen, Means, John McCain's, Donald Trump, Robert F, Kennedy Jr, Kennedy, MAHA —, Rebecca Noble, Tucker Carlson, Joe Rogan's, I've, Brad Stulberg, Christy Harrison, they've, Calley Means, Matt Harbicht, Andrew Huberman, Peter Attia, Harrison, Meredith Schneider Organizations: RFK, Stanford, Department of Health, Human Services, Wall Street Journal, Good Energy, University of Michigan, pharma, Tandem Diabetes Locations: Spain
Sometimes, I wonder if I'd fit better in society if I had just chosen to have kids. I didn't always know I didn't want kidsI didn't always know that I didn't want kids. Then, a month before a wedding that never happened, during a final argument with my ex, he blurted out, "You don't even like kids!" Whenever I tell people my partner and I don't want kids, I often hear, "You might change your mind." With my mom friends, I'm grateful for the mutual support and happiness we share, knowing we're each living the life we've chosen.
Persons: Christa, we'd, I'd, it's, meltdowns, , She's, We're, she's, I'm Locations: Annapolis, London
CNN —At least 11 people have been killed and several others injured after an Israeli strike flattened a multi-story residential building in central Beirut overnight, Lebanese officials said. At least 23 other people were injured in the strike, according to a toll provided by Lebanon’s Civil Defense. Saturday’s attack marks the latest in a string of Israeli strikes on central Beirut in recent weeks, following the killing of a Hezbollah spokesperson in an airstrike last Sunday. Most Israeli airstrikes have targeted the Lebanese militant group’s stronghold in Beirut’s southern suburbs since hostilities ramped up early last month. On Friday, the director general of Dar Al Amal University Hospital near Baalbek in eastern Lebanon was killed along with six of his colleagues in an alleged Israeli strike, according to Lebanon’s Health Ministry.
Persons: Dar Organizations: CNN, National News Agency, Lebanon’s Civil Defense, Israel Defense Forces, Dar Al Amal University, Health Ministry Locations: Beirut, Lebanon, Beirut’s, Baalbek
Enacted by Congress in 2022, "Secure 2.0" ushered in sweeping changes to the U.S. retirement system, including several updates to 401(k) plans. 'Exciting change' for catch-up contributionsFor 2025, employees can defer $23,500 into 401(k) plans, up from $23,000 in 2024. Shorter wait for part-time workersSecure 2.0 has also boosted access to 401(k) and 403(b) plans for certain part-time workers. Starting in 2024, employers were required to extend plan access to part-time employees who worked at least 500 hours annually for three consecutive years. "That's a very good thing for long-term part-time workers" who may have struggled to qualify for 401(k) eligibility, said Stinnett.
Persons: Tang Ming Tung, Dave Stinnett, Jamie Bosse, Dave Stinnett Vanguard's, Alicia Munnell Organizations: Getty, CNBC, Workers, CGN Advisors, America, U.S . Bureau of Labor Statistics, Center for Retirement Research, Boston College Locations: Manhattan , Kansas, That's
That is a big blow to the idea of “Bidenomics,” of which Mr. Bernstein was a leading evangelist and architect. The U.S. economy recovered from the pandemic with greater strength than any of its peers. Unemployment stayed below 4 percent for the longest stretch since the 1960s, and remains low. Several prominent economists, peers of Mr. Bernstein’s, argue that the administration’s robust fiscal response caused the inflation. And other issues of affordability — especially housing — have sapped the optimism of many households in the last couple of years.
Persons: Jared Bernstein, Donald J, Trump’s, , Bernstein, Biden’s, Bernstein’s Organizations: White House Council, Economic Advisers Locations: U.S
He has plucked two Fox News stars from their airwaves – Sean Duffy for Treasury secretary and Pete Hegseth to lead the Pentagon. Trump’s choice for ambassador to Israel, Mike Huckabee, had a six-year run hosting a Fox News show. As a former reality TV star, Trump is deeply attuned to the power of the small screen. Among the flurry of names for non-Cabinet roles that Trump announced Friday evening were also several former and current Fox News contributors. And Sebastian Gorka, whom Trump named senior director of counterterrorism, was a Fox contributor in 2018 and 2019.
Persons: Donald Trump’s, Sean Duffy, Pete Hegseth, Trump, Mehmet Oz, Linda McMahon, Mike Huckabee, Tulsi Gabbard, Tucker Carlson, Donald Trump, Eva Marie Uzcategui, Duffy, Rachel Campos, , , Oz, Mike Waltz, Kristi Noem, Sen, Marco Rubio, Howard Luntick, Rebecca Quick, I’ve, Doug Burgum, Tom Homan, Homan, ” Trump, Matt Gaetz, Gaetz –, , JD Vance, Scott Applewhite, Pam Bondi, Hegseth, headwinds, Chris Coons, CNN’s Manu Raju, Dr, Janette Nesheiwat, Marty Makary, Robert F, Kennedy Jr, Sebastian Gorka, Neil Gorsuch, Brett Kavanaugh, Larry Kudlow, Christina Bobb, Rupert Murdoch’s, Bret Baier, Kamala Harris, Vance, Rubio, Burgum, ” CNN’s Kate Sullivan, Manu Raju, Alayna Treene, Brian Stelter Organizations: CNN, Fox, Pentagon, Department of Education, Fox News, Trump, TV Cabinet, Fox Business, Medicare, Republicans, South Dakota Gov, Department of Homeland Security, Wall Street, CNBC, Commerce, North Dakota Gov, of, Interior, Republican, Capitol, Florida, and Drug Administration, “ Fox, Department of Health, Human Services, Salem Radio Network, National Economic Council, America News Network Locations: Israel, Mar, Palm Beach , Florida, Wisconsin, Minnesota, Pennsylvania, Florida, America, Spanish, Washington ,, Gaetz, Delaware, Ohio
In a year of landmark elections, my country’s presidential vote last month flew under the radar. And perhaps with good reason: Uruguay’s balloting was marked by unexciting candidates and their lackluster attempts to entice undecided voters to the polls. An uneventful vote seems preferable to the deep polarization that has surrounded presidential elections over the past year in countries like El Salvador, Argentina, Venezuela and even the United States. And young Uruguayans are afflicted by many problems. As it did in other countries, the Covid-19 pandemic left Uruguay in the grip of a mental-health crisis that hit this group hard.
Persons: It’s Locations: Uruguay, El Salvador, Argentina, Venezuela, United States, America, Latin America
London's historic art scene is getting a tech upgrade
  + stars: | 2024-11-23 | by ( ) www.cnbc.com   time to read: +1 min
The United Kingdom's historic art scene has embraced technology such as artificial intelligence, as it evolves to compete with growing markets such as China. While the United States and China hold the number one and two spots respectively, the U.K.'s contribution to the art market is nothing to be sniffed at – holding 17% of the global share, according to the Art Basel and UBS Art Market Report. London is widely regarded as the art hub of Europe, and its biggest art fair, Frieze, boasted 90,000 visitors in 2024. Within the art world, it's been sort of bubbling away, burning away for a while, and it's suddenly caught fire," said Henry Highley, Head of European Private Sales for Phillips. Watch the video above for an up-close look at some of the art breaking barriers on London's art scene.
Persons: Eva Langret, it's, Langret, Marie Antoinette's, Phillips, Henry Highley Organizations: Art Basel, UBS Art, Frieze, CNBC's, European Locations: China, United States, Europe, Frieze London
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