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☆ Some added sugar sources are worse than others for disease risk, study suggests
▼ + stars: | 2024-12-10 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

Their incidences of cardiovascular disease –– including strokes, heart attacks and heart failures–– were collected from the national health registers through 2019, according to the study. Researchers looked at sugar consumption in three categories: sugary beverages, sweets like pastries, and toppings like honey or sugar added to tea or coffee, according to the study. “Different sources of added sugars also vary in their consumption patterns, which could further explain why they associate differently with cardiovascular disease risk,” Janzi added. Less sugar via less sodaThe study suggests that you don’t need to cut out all sugar to prevent cardiovascular disease, Janzi said. The American Heart Association recommends no more than 6 teaspoons of added sugar a day for women and 9 for men.

Persons: Suzanne Janzi, –, Janzi, Robert Eckel, ” Janzi, “, dysregulation, Eckel, ”, Lisa Drayer, seltzer Organizations: CNN, Lund University, Public Health, BMI, University of Colorado Anschutz, American Heart Association, seltzer Locations: Sweden, Swedish

☆ Global airline revenue to top $1 trillion for the first time in history
▼ + stars: | 2024-12-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport Association said Tuesday. IATA also predicted that airlines’ average profit per passenger would increase to around $7 next year, up sharply from just $2.25 18 months ago. IATA expects airlines in Africa, Latin America and the Asia-Pacific region to be less profitable than the industry average. Global conflicts are also driving costs higher because of the big stretches of airspace closed to commercial flights, Walsh said. The group, which acquired Hawaiian’s parent company in September, is targeting $1 billion in additional profit from the combined entity in 2027.

Persons: Willie Walsh, ”, Walsh, Biden, Trump, ” Walsh Organizations: London CNN, International Air Transport Association, Airbus, Boeing, Scientists, Aviation, Alaska Air Group, Alaska Airlines, Hawaiian Airlines Locations: Africa, Latin America, Asia, Pacific, United States, Seattle, Tokyo, Seoul

☆ The top 5 cities where Gen Z renters spend most of their income on housing—2 are in Florida
▼ + stars: | 2024-12-10 | by ( Judy Lagrou | In Judylagrou | ) www.cnbc.com time to read: +5 min

Here are 5 cities where the highest number of Gen Z renters are rent-burdened:While financial experts recommend limiting housing expenses to no more than 30% of income , this can be challenging in a number of cities where younger renters shoulder the heaviest load. Housing expenses in the analysis were not not limited to rent, Zillow Economist Kenny Lee tells CNBC Make It. In fact, nearly 6 out of 10 Gen Z renters (18- to 25-year-olds) are "rent-burdened," according to a recent Zillow analysis of U.S. Census Bureau American Community Survey data. This is common in this economy, says Lee, since many of the best-paying jobs for Gen Z are located in cities where the rent is most burdensome. Find a roommate"A lot of renters have been relying on finding roommates to split the cost of housing," says Lee.

Persons: Kenny Lee, Lee, you'll, It's, John Barlett, Bartlett, Gary Saharov Organizations: CNBC, Census, American, Survey, Gen, Metropolitan Tenants Organization, New York City Locations: Los Angeles, Miami, Chicago, Brooklyn, New York

☆ Costco stock is not cheap. Here's why Jim Cramer says the premium is more than worth it
▼ + stars: | 2024-12-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Another banner year for Costco shares has prompted some on Wall Street to question whether the stock is out over its skis. The longtime Club stock has trounced the market this year, advancing around 50%. On Tuesday, Wall Street firm Oppenheimer upped its price target on Costco shares to $1,075 each from $980, implying roughly 9% upside from Monday's close. Jim said Costco's subscription model, with impressive membership renewal rates above 90%, helps justify his long-term confidence in the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Oppenheimer, They're, LSEG, Jim, Jim Cramer's, Justin Sullivan Organizations: Costco, longtime Club, Wall, Bank of America, Jefferies, Investors, Shoppers, Walmart, Charitable Trust, CNBC, Netflix, Trust Locations: Costco, Richmond , California

☆ The top 39 stocks expected to beat the S&P 500 by almost 4 times in 2025, according to Goldman Sachs
▼ + stars: | 2024-12-10 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

The stock market has seen a strong year so far, with a 27% return and low volatility. But the bullish run isn't expected to be as strong in 2025, Goldman Sachs said. AdvertisementIt has been a great year for the stock market, not just because of the S&P 500's 27% return this year but also because of muted volatility. Still, there are rumblings of a slowing stock market. Below is a list of each stock, including its ticker, the next 12 months' expected price-to-earnings ratio, and its expected returns relative to its implied volatility.

Persons: Goldman Sachs, that's, David Kostin Organizations: Chief, Equity

☆ Surprise RBI governor pick signals India may cut rates as soon as February, economists say
▼ + stars: | 2024-12-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. "The appointment of Mr Malhotra could set a new direction for the RBI," Shah added. The group had previously predicted the rate cut would come in April under Das' leadership. Economists at Citi, who were already predicting an interest rate cut from the RBI in February, reiterated that view. India's 10-year bond yields were down 2 basis points at 6.699% on Tuesday, signaling market expectations of a rate cut, while the rupee was hovering near record lows at 84.83 against the dollar, according to data from LSEG.

Persons: Shaktikanta Das, Sanjay Malhotra, Malhotra, Shilan Shah, Mr Malhotra, Shah, Das Organizations: Reserve Bank of, Global, Reserve Bank of India, Ministry of Finance, Indian Institute of Technology, Princeton University, Analysts, Committee, Capital Economics, Citi Locations: Reserve Bank of India, Mumbai, India, LSEG

☆ Stocks making the biggest moves midday: Alphabet, SiriusXM, MongoDB, Alaska Air Group and more
▼ + stars: | 2024-12-10 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Oracle — Shares dropped 8% after the cloud infrastructure company fell short of Wall Street's fiscal second-quarter expectations. SiriusXM — The radio operator tumbled 10% after the company appointed a new chief operating officer and announced cost-cutting initiatives. HealthEquity — The health savings account custodian gave a disappointing revenue forecast, saying it expects revenue between $1.275 billion to $1.295 billion for fiscal 2026. Analysts polled by FactSet expected a profit of $4.34 per share on revenue of $3.17 billion.

Persons: SiriusXM, Vail, Morgan Stanley, HealthEquity, FactSet, Piper Sandler, Mike Sievert, Centene, Jefferies, Bernstein, CoreCivic, Brian Violino, Donald Trump, Goldman Sachs, Goldman, —, Alex Harring, Hakyung Kim, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Oracle —, Alaska Air Group —, Alaska Air, Barclays, Mobile, Jefferies, eBay, American Airlines Group, American Airlines, Securities, Toll, Norwegian Cruise Locations: Tokyo, Seoul, Seattle, China, Norwegian

☆ ‘No winners’: China’s Xi warns US against a trade war
▼ + stars: | 2024-12-10 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests. “Tariff wars, trade wars, and technology wars go against the historical trend and economic laws, and there will be no winners,” Xi said according to state broadcaster CCTV. China has always believed that only when China is good can the world be good. “We doubt this marks an end to China’s recent export boom,” Zichun Huang of Capital Economics wrote in a research note. “It is likely that China would continue to improve trade relations through lower export tax rebate and clearer rules including government procurement,” Citi economists wrote on Monday.

Persons: Xi Jinping, Xi, Donald Trump, ” Xi, Jake Sullivan, Biden, Trump, “, Zichun Huang, ”, Economists Organizations: Hong Kong CNN, World Bank, International Monetary Fund, Nvidia, US National Security, NBC, China’s Foreign, Reuters, Capital Economics, Communist, ” Citi Locations: China, Hong Kong, United States, Washington, Beijing, “

☆ Marc Benioff says Big Tech's 'excessive' AI spending is a 'race to the bottom'
▼ + stars: | 2024-12-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Marc Benioff said some of its rivals are in "a race to the bottom" with "excessive" AI spending. AdvertisementSalesforce's CEO says the company isn't spending as lavishly on AI as some of its tech peers — and he isn't worried about falling behind. Instead, Marc Benioff says the company will capitalize on the vast AI spending gap between it and some of its competitors and avoid a "race to the bottom." Benioff said some of Salesforce's competitors were "excessive" with their AI spending and "it's becoming a race to the bottom for some of these companies." He also highlighted that some have invested in nuclear energy and nuclear power plants.

Persons: Salesforce, Marc Benioff, —, Kara Swisher, Einstein, it's, Benioff, Kairos Power, Meta, Aravind Srinivas Organizations: Amazon Web Services, Google, Meta, Microsoft, Kairos Locations: Stanford

☆ NBA execs are betting its in-season tournament will ignite interest after a slow TV ratings start
▼ + stars: | 2024-12-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The NBA Cup, formerly known as the In-Season Tournament, begins knock-out stage play on Tuesday. NBA ratings are down 17% so far this season, but NBA Cup games have outperformed the general trend. AdvertisementDespite early-season ratings declines, there's been a bright spot: fans seem especially interested in the NBA Cup. "But we're definitely seeing some strength, especially when we have top matchups on — and certainly with the NBA Cup games." The NBA hopes that knock-out round games will draw stronger viewership than group-play games, like they did last year.

Persons: IBM's Jonathan Adashek Cord, NBA execs, Evan Wasch, there's, it's, Wasch, Jenny Whitlock, Tyrese Haliburton, LeBron James, what's, Whitlock Organizations: NBA, League, Business, Nielsen, Disney's ESPN, Comcast's NBC, BI, NFL, Indiana Pacers Locations: Las Vegas, New York, Atlanta, Orlando, Milwaukee, Seattle, Vegas, Sin

Andy Beshear warned Democrats about a key obstacle to their ambitions for redefinition: President-elect Donald Trump. In the last Trump administration, people focused “too much on Trump and what was happening in D.C. and not enough on [Democratic] priorities,” Beshear said. Andy Beshear says his party can't fall into an "us versus them" mindset during the second Trump administration. So we are very open to working with the Trump administration,” she added. “As much as we need to be sober and reflective, it’s also not, therefore, the end of the Democratic Party, the end of the world,” Murphy said.

Persons: Phil Murphy, Andy Beshear, Donald Trump, Trump, ” Beshear, “, ”, “ It’s, Trump’s, can’t, Trumpism, Gavin Newsom, JB Pritzker, Beshear, Laura Kelly of Kansas, Tom Williams, what’s, ” Kelly, it’s, Sen, John Fetterman, Fetterman, Josh Gottheimer, Mikie Sherrill, Murphy, Ras, Steve Fulop, Kamala Harris, Harris, ’ ” Murphy, ’, ” Murphy, I’m Organizations: ANGELES, Democratic, White House, New, New Jersey Gov, NBC News, Kentucky Gov, Trump, California Gov, Illinois Gov, Trump ., Democratic Governors Association, Inc, Getty, NBC, Democratic House, Jersey City, Republican, Democratic National Committee, Democratic Party Locations: California, New Jersey, Kentucky, Kansas, Newark, Ras Baraka, Jersey

☆ Man questioned in Pennsylvania over gun similar to one used in UnitedHealthcare CEO shooting, sources say
▼ + stars: | 2024-12-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Tom_Winter_Nbc_News.Jpg | Tom Winter | ) www.nbcnews.com time to read: +1 min

Authorities are questioning a man in central Pennsylvania in connection to the slaying of UnitedHealthcare CEO Brian Thompson, law enforcement sources said Monday. The man in Altoona drew the attention of investigators, in part, because he was found with a gun similar to the one used in last Wednesday's deadly shooting, two sources familiar with the matter told NBC News. The person being questioned was at a McDonald’s, where customers thought he looked suspicious and called police, three law enforcement sources said. He was found to have a fake New Jersey ID, a gun similar to the one used to kill Thompson and a silencer, two senior law enforcement sources said. Thompson’s slaying sent shock waves throughout the corporate and health care worlds, raising questions about appropriate security for top level executives.

Persons: Brian Thompson, Thompson, Thompson’s, — Organizations: NBC News, New, New York Hilton Midtown Locations: Pennsylvania, Altoona, Jersey, New York, Central Park, Upper Manhattan

☆ Household finance outlook hits highest since February 2020, New York Fed survey shows
▼ + stars: | 2024-12-09 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +2 min

Optimism about household finances hit a multiyear high following Donald Trump’s presidential election victory in November, according to a New York Federal Reserve survey released Monday. The results follow Trump’s Nov. 5 victory that will send him back to the White House for a second nonconsecutive term. Even with the increase in sentiment, consumers’ inflation outlook is still cautious, according to the New York Fed Survey. Though Trump has made little mention of attacking the government’s debt and deficit load, the outlook there improved as well. The median expectation for growth in government debt was at 6.2%, down 2.3 percentage points from October and the lowest level since February 2020.

Persons: Donald Trump’s, Joe Biden, Trump Organizations: New York Federal Reserve, White, Republican, New York Fed Survey Locations: New

He did so as the rebels entered and seized Damascus, seemingly with little fightback from Assad’s government forces. Syria dominated international consciousness for almost a decade, its civil war erupting after Assad crushed peaceful protests during the region-wide 2011 Arab Spring. But until last month the conflict had been largely at a stalemate, after Assad’s forces regained control of much of the country. The conflict in Syria partly contributed to a wave of mass migration into Europe, met by a right-wing backlash across the continent that is still reverberating today. Much of this diaspora has also responded to Assad’s downfall with astonished glee, some rushing to return home.

Persons: Dimitry Peskov, Assad, Murat Sengul, gulags, Hayat Tahrir, Abu Mohammad al Organizations: Baath Party, Getty, UNHCR, Amnesty, Al, State Department Locations: Damascus, Aleppo, Hama, Russia, Ukraine, Iran, Israel, Moscow, Syria, U.S, Turkey, Iraq, Anadolu, Europe, London, Berlin, Germany, Al Qaeda

WASHINGTON — Conservative justices objected as the Supreme Court on Monday sidestepped a new dispute over race in education by declining to consider whether an admissions program for public high schools in Boston unlawfully considered race. The court's refusal to hear the case marks the second time the court has declined to review a policy aimed at increasing diversity in public high schools since the high court ended the consideration of race in college admissions last year. The policy, implemented by the Boston School Committee in 2021, applied to three selective high schools in Boston: Boston Latin School, Boston Latin Academy and John D. O’Bryant School. The Supreme Court in February turned away a similar challenge to an admissions policy at a Virginia high school that was also aimed at increasing diversity. In a statement, Gorsuch said that the fact the Boston schools' policy was no longer in effect was one reason not to hear the case.

Persons: Samuel Alito, Clarence Thomas, Neil Gorsuch, Alito, John D, Jonathan Wiggs, Gorsuch, Thomas, Brett Kavanaugh Organizations: WASHINGTON, Boston School Committee, Boston Latin School, Boston Latin Academy, O’Bryant, O'Bryant, of Math, Boston Globe, Getty, Boston, Boston Parent Coalition, Circuit, Appeals, Eau Claire Area School, Parents Locations: Boston, Virginia, Wisconsin

☆ Chuck Todd: College Football Playoff selection committee dodges controversy by correctly leaving Alabama out
▼ + stars: | 2024-12-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Chuck-Todd-Circle-Byline-Template.Jpg | Chuck Todd | ) www.nbcnews.com time to read: +5 min

The fact that the committee chair admitted they debated SMU’s losses to ranked teams vs. Alabama’s losses to unranked teams makes me wonder. So too does almost putting a nine-win SEC team in over an 11-win ACC team. Here’s what is true: The SEC football programs spend the most money, and they would never want to believe they aren’t the best given how much each program does spend. Penn State vs. 13. Ohio State vs. 11.

Persons: doesn’t, Ole Miss, I’m, Ole Organizations: ACC Conference, College Football, Southern Methodist, SMU, SEC, ACC, Alabama, CFP, MLB, Boston College, NFL, Big, Penn, Ohio State, Clemson, Arizona State, Boise State, Notre Dame, Ole, Ole Miss, Gamecocks, Oregon, Army, Georgia, Texas, Penn State, Miami, Arizona, Ohio, Tennessee, Indiana, Boise Locations: Louisville , Kentucky, Morgantown, Blacksburg, West Virginia, Utah, Georgia , Texas , Tennessee, Alabama, Oregon, Penn State, Arizona, Boise, Notre Dame , Indiana, Miami, South Carolina, Boise State

☆ Red flag warning across Southern California as Santa Ana winds bring dangerous fire conditions
▼ + stars: | 2024-12-09 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Red flag warnings are in place for Southern California due to Santa Ana winds that will bring gusts up to 65 mph and “extremely rare and dangerous” fire weather conditions. Meanwhile, a "particularly dangerous situation" red flag warning is also in place from 10 p.m. Monday through 2 p.m. Tuesday in those same areas due to Santa Ana winds, low humidity and extremely dry vegetation. Under the PDS red flag warning, damaging wind gusts of 60 to 80 mph will be likely along with single digit humidities across windier mountains and foothills. Santa Ana winds are forecast to increase late Monday morning into the afternoon and peak Monday night into Tuesday, the NWS said. It’s expected be a long duration red flag event due to the “strong likelihood of widespread single digit humidities,” the Sunday evening advisory said.

Persons: Santa Ana, It’s, Thomas Fires Organizations: San, National Weather Service, Santa Ana, NWS, California Edison Locations: Southern California, Santa, San Gabriel Mountains, Santa Monica, Santa Clarita Valley, Ventura County, San Fernando Valley, Los Angeles, Santa Ana, Angeles, Ventura counties, California, windier, Gabriel Mountains, Santa Susana, Malibu, Porter Ranch, San Fernando

Donald Trump details his plans for Day 1 of his presidency. Trump said pardons for Jan. 6 rioters will happen on day one, arguing many have endured overly harsh treatment in prison. Read more from the exclusive interview with Trump here. The federal lawsuit was originally filed in October in the Southern District of New York, listing Combs as a defendant. 🏈 Josh Allen had one of the greatest games in NFL history and still lost.

Persons: Donald Trump, Kristen Welker, Trump’s, Welker, Trump, Jan, ”, ” Trump, Joe Biden, Read, Assad, “ It’s, Bashar al, Jay, Sean ‘ Diddy ’ Combs Hannah Mckay, Shawn Carter, Sean “ Diddy ” Combs, Combs, Carter, Tony Buzbee, Buzbee, Josh Allen, Sam Darnold, Ed Zurga, Greg Rosenstein, 👑, 🤘, Jo, Tam, ove, bui, lea, Ann i e Hil Organizations: Trump, NBC, Press, ”, Syrian, Reuters, MTV, of, Chiefs, Kansas City Chiefs, NFL, AFC West, Los Angeles Chargers, NBC News Locations: Syria, Manhattan, Damascus, Russia, Moscow, Southern, of New York, Texas

☆ This quarterback just produced one of the greatest games in NFL history. And it still wasn’t enough
▼ + stars: | 2024-12-09 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +1 min

Amid a western New York snowstorm last week, Buffalo quarterback Josh Allen produced a stat line unlike any other quarterback in NFL history, becoming the first quarterback ever to score touchdowns as a passer, runner and receiver in the same game. The stat line was unprecedented, and helped the Bills clinch a playoff spot in the AFC. For his encore, Allen made even more history Sunday in Los Angeles. The NFL is a league filled with many of the biggest and fastest athletes in the world. “I have to make one more play than they do,” Allen told reporters.

Persons: Josh Allen, Allen, “ Josh Allen, ”, Sean McVay, “, ” Allen Organizations: Buffalo, Bills, AFC, Rams, SoFi, NFL, ” Rams Locations: New York, Los Angeles

The New York Mets and superstar outfielder Juan Soto have agreed on a 15-year, $765 million contract, according to multiple reports Sunday. Cohen had shelled out $130 million for Max Scherzer and $86.7 million for Justin Verlander before he shipped both of the big-name pitchers away in 2023. Soto's arrival should strengthen the Mets' offense or at least lessen the blow of possibly losing first baseman Pete Alonso to free agency. Soto's addition is the Mets' most aggressive move yet to wrest the Big Apple spotlight away from the Yankees. He belted a career-high 41 home runs this season (fourth most) to go along with 109 RBIs (sixth most).

Persons: Juan Soto, Soto, Steve Cohen —, Cohen, hasn't, Francisco Lindor, Max Scherzer, Justin Verlander, Pete Alonso, Aaron Judge, Giancarlo Stanton, they're Organizations: New York Mets, Yankees, Bronx Bombers, ESPN, Yankee, Citi Field, Mets, MLB, Los Angeles Dodgers, National League, NL East, AL, Dodgers, American League, Bombers, Miracle Mets, Big Apple, Baseball Locations: Queens

Celebrations broke out across Syria over the weekend, with statues depicting his father and predecessor, Hafez al-Assad, pulled down from their pedestals. “I’m not looking to go back into the past,” Trump said when asked he was whether he would go after outgoing President Joe Biden. Foreign dignitaries in attendance included President-elect Donald Trump, first lady Jill Biden, Prince William and Ukrainian President Volodymyr Zelenskyy. South Korean president’s impeachment failsAn image of South Korean President Yoon Suk Yeol is raised at a rally in Seoul calling for his ouster on Dec. 5. End of an Era(s)Tears will be ricocheting as Taylor Swift's record-shattering world tour draws to a close Sunday night with a final stop in Vancouver, British Columbia.

Persons: Assad, Bashar al, Hafez al, Hassan Abdul, Ghani, Joe Biden, Trump, Donald Trump, Kristen Welker, ” Trump, Pam Bondi, Jack Smith, “, Biden, Kash Patel, ’, Trump’s, Jay, Sean Combs Jay, Bauer, Griffin, Shawn Carter, Sean “ Diddy ” Combs, Jane Doe, ”, Combs, Carter, ” Carter, Brian Thompson, Notre Dame, Jill Biden, Prince William, Volodymyr Zelenskyy, Emmanuel Macron, Yoon Suk, Anthony Wallace, Yoon, ” Yoon, Taylor Organizations: U.S, United Nations, Capitol, NBC, Press, Justice Department, Trump, Lone Star, FBI, MTV, of, NBC News, New York police, NYPD, Notre, Notre Dame, Zelenskyy, Getty, South, Federal Locations: Damascus, Moscow, Syria, Hayat Tahrir, Al Qaeda, Free Syria, Texas, Los Angeles, Southern, of New York, Notre, Massachusetts, Seoul, AFP, Vancouver , British Columbia

☆ Stocks making the biggest moves premarket: Nvidia, Palantir, Interpublic Group, Reddit, Macy's and more
▼ + stars: | 2024-12-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Advanced Micro Devices — The chipmaker dropped more than 1% after a Bank of America downgrade to neutral from buy. Interpublic Group of Companies , Omnicom Group — The stocks moved in opposite directions after the companies announced that Omnicom will acquire Interpublic in a stock-for-stock transaction . Following the announcement, shares of Interpublic jumped nearly 15%, while Omnicom shares fell about 3%. SoFi Technologies — The fintech stock slipped 2% after a downgrade to underperform from neutral at Bank of America. PayPal — Shares of the fintech company rose 2% after Bank of America upgraded the stock to buy from neutral.

Persons: Vivek Arya, Omnicom, Interpublic, Reddit, Morgan Stanley, Brian Nowak, SoFi, —, Fred Imbert, Jesse Pound, Lisa Kailai Han, Sean Conlon, Samantha Subin, Michelle Fox, Hakyung Kim Organizations: Nvidia, Administration, Bank of America, Big Tech, U.S . Special, Command, Interpublic, of Companies, Omnicom, Dow, Macquarie Asset Management, U.S, Technologies, PayPal Locations: China, Gulf

☆ Haiti gang massacre leaves over 180 dead after Voodoo accusations, say UN and rights groups
▼ + stars: | 2024-12-09 | by ( Michael Rios | ) edition.cnn.com time to read: +3 min

CNN —Haiti’s government says the country’s gangs have crossed a “red line” after allegedly killing over 180 people over the weekend, after a gang leader reportedly blamed Voodoo adherents for his child’s grave illness. At least 184 people were killed in the massacre, including an estimated 127 elderly men and women, the United Nations said. Since the massacre, Wharf Jérémie remains “under an informal siege” with elderly residents and Voodoo adherents still targeted by the broader Haitian gang alliance Viv Ansamn, according to RNDDH. ‘A red line has been crossed’Haiti’s transitional government has promised to find and bring the perpetrators to justice. “A red line has been crossed, and the State will mobilize all its forces to track down and annihilate these criminals,” a statement from the prime minister’s office said.

Persons: CNN —, Micanor “, Altès, Micanor, ” RNDDH, “, ”, Volker Türk, Viv Ansamn, António Guterres, ” CNN’s Sharon Braithwaite Organizations: CNN, Haiti Prime, Human Rights Defense Network, Peace, Development, United Nations, UN, Haiti’s National Police Locations: Haiti, Cité, Haiti’s, Port, Caribbean

☆ Cramer calls analyst downgrade of AMD 'cogent.' But he's not giving up on the stock
▼ + stars: | 2024-12-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

In 2024, AMD expects to generate more than $5 billion in AI chip sales. Meanwhile, Meta Platforms and Microsoft are newer entrants into the custom AI chip game, but they remain buyers of both AMD and Nvidia processors. However, the firm said those companies' capital expenditure requirements for Nvidia's next-generation AI chip platform Blackwell "could also limit share gain opportunities for AMD." Bottom line We're not dismissing Bank of America's concerns about AMD — Jim even called the note "cogent" — but we're also not spooked. 2 merchant player in the AI chip market behind Nvidia, despite custom chips seeing greater interest at places like Amazon.

Persons: Jim Cramer, Amazon's, Trainium, Trainium2, Jim, we're, FactSet, Lisa Su, Jim Cramer's, Lauren Justice Organizations: Wall, Devices, Bank of America, AMD, Analysts, Intel, Web Services, Apple, Nvidia, Google, Club, Broadcom, Microsoft, Meta, Oracle, " Bank of America, Nvidia's, CNBC, Bloomberg, Getty Locations: AMD's, It's, Las Vegas

☆ Omnicom takeover of Interpublic to create the world's biggest advertising group
▼ + stars: | 2024-12-09 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Omnicom is taking over the Interpublic group to create the world's largest advertising business. John Wren will remain CEO of Omnicom, while his counterpart Philippe Krakowsky will be Interpublic's COO. AdvertisementOmnicom is taking over the Interpublic group in a deal expected to create the world's biggest advertising and marketing business. Omnicom shareholders will own 60.6% of the combined group. AdvertisementWren will remain CEO of Omnicom, while Krakowsky and Daryl Simm will be copresidents and COOs of Omnicom.

Persons: Omnicom, John Wren, Philippe Krakowsky, Interpublic, Daryl Simm Organizations: WPP, France's Locations: London, COOs, Omnicom

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