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Bloomberg | Bloomberg | Getty ImagesFears are mounting that the U.S. could soon experience its own version of Britain's "mini-budget" crisis, with bond strategists warning that Donald Trump's return to the White House brings with it the specter of currency volatility and surging bond yields. The former president's economic agenda has ratcheted up concerns about a surge in consumer prices, which strategists say could spark significant shifts in bond yields and investor behavior. They warn a scenario that mirrors Britain's mini-budget crisis of 2022 is not out of the question. watch nowBritain's mini-budget crisis refers to a tumultuous period under former Prime Minister Liz Truss and ex-Finance Minister Kwasi Kwarteng. Bond yields tend to rise when market participants expect higher consumer prices or a growing budget deficit.
Persons: Donald Trump, Donald Trump's, Trump, Remtulla, Liz Truss, Kwasi Kwarteng, Kwarteng, Althea Spinozzi, Trump's, Spinozzi, Angela Weiss, Paul Ashworth, Ashworth, Thierry Wizman, likelier, Wizman Organizations: Economic, of New, Bloomberg, Getty, EFG, CNBC, U.S ., Finance, U.S, Bank of England, Saxo Bank, White, Treasury, Traders, New York Stock Exchange, AFP, Capital Economics, Macquarie Group Locations: of New York, New York, U.S, Foreign, Treasurys, Treasuries, New York City, America
COLUMBIA, S.C. --- Susan Smith, the young mom who shocked the nation 30 years ago when she rolled her car into a lake with her two sons inside and watched them drown, was denied parole Wednesday. Susan Smith is led from the Union County Courthouse after the first day of testimony in the penalty phase of her trial. Brooks Kraft LLC / Sygma via Getty Images fileFrom behind bars, Smith continued to claim she was a good mother. He then read a passage that Smith wrote explaining why she allowed her sons to die. “I knew Jesus would take better care of them than I could,” Smith wrote, according to Thomas.
Persons: Susan Smith, Smith, recusing, Michael, Alex, Smith's, David Smith, It's, it’s, Brooks Kraft, , ” Smith, Tommy A, Thomas, Jesus, ” Tommy Pope, “ Susan, Susan, , Juliette Arcodia, Corky Siemaszko Organizations: COLUMBIA, S.C, TV, Courthouse, Reuters, Brooks, Brooks Kraft LLC, Getty, State, Women’s Correctional, South Carolina Department of Corrections, Republican, Pro Tem, South Carolina House Locations: Union , South Carolina, Union, South Carolina, Columbia, New York
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
HONG KONG — Former Hong Kong publisher Jimmy Lai began testifying Wednesday in his landmark national security trial that is widely seen as a measure of press freedom and judicial independence in the Chinese territory. He is fighting charges of colluding with foreign forces to endanger national security and conspiring with others to issue seditious publications. Lai, 76, faces up to life in prison if convicted under a national security law imposed by Beijing. But critics say that promise has become threadbare under the rubric of maintaining national security. It added that judges remain independent and partial when handling national security cases.
Persons: Jimmy Lai, Lai, Roman Catholic Cardinal Joseph Zen, Anthony Wallace, Mike Pence, Mike Pompeo, William Wong, Wong, Kongers, , , Donald Trump, Xi Jinping, Hong, John Lee, Lai ., Keir Starmer, Xi, Chris Tang, Sebastien Lai, Doughty, Chambers, Jodie Ginsber Organizations: Roman Catholic, Catholic, Apple Daily, Getty, British, Authorities, Prosecutors, Beijing “, U.S, American, United Nations, Capitol, Protect Journalists, Hong Locations: HONG KONG, Hong Kong, Beijing, AFP, United States, U.S, Lai . British, British, Brazil, Hong, Britain, Washington
President-elect Donald Trump on Tuesday named Linda McMahon, a former World Wrestling Entertainment executive who served in the first Trump administration, as his pick to lead the Education Department. Before joining the first Trump administration, McMahon briefly served on the Connecticut State Board of Education in 2009, and made unsuccessful bids in 2010 and 2012 for U.S. Senate seats in the state. CNN first reported on McMahon as Trump’s pick for education secretary. McMahon is also the latest Cabinet pick from Trump’s transition team. Earlier Tuesday he named Cantor Fitzgerald CEO Howard Lutnick, who is co-chairing his transition alongside McMahon, as his choice for commerce secretary.
Persons: Donald Trump, Linda McMahon, Trump, McMahon, ” McMahon, Vince McMahon, Elon Musk, Doug Collins of, Lee Zeldin, Cantor Fitzgerald, Howard Lutnick Organizations: Wrestling Entertainment, Education Department, Senate, Small Business Administration, Trump America, Action, Connecticut State, of Education, U.S, CNN, Inc, World Wrestling Entertainment, Fox News, “ Department, Government, SpaceX, America, Policy Institute, Environmental Protection Agency Locations: Connecticut, Texas, Doug Collins of Georgia, New York
President-elect Donald Trump's second term could spell big gains for Robinhood , according to Bernstein. Analyst Gautam Chhugani, who has an outperform rating on the stock, increased his price target by $21 to $51 and named it his top "crypto deregulation" trade. "But under a potentially new pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary of crypto regulatory tailwinds." Among the 17 analysts covering Robinhood, nine have a strong buy or buy rating, according to LSEG data. On the other hand, seven have taken a neutral stance with a hold rating and one has an underperform rating.
Persons: Donald Trump's, Bernstein, Gautam Chhugani, skyrockets, Chhugani, Gary Gensler, HOOD, , Oppenheimer, Teresa Goody Guillén –, BakerHostetler, Trump, Owen Lau Organizations: Robinhood, Securities and Exchange Commission, Trump, SEC Locations: HOOD
Brisbane, Australia CNN —The Australian government is threatening multimillion dollar fines for social media companies that breach a proposed ban on children under 16 from using their service. “The legislation places the onus on social media platforms, not parents or children, to ensure protections are in place,” Rowland said. Many parents and pro-ban campaigners have lauded the bill as a long overdue measure to impose accountability on tech companies for tools Australian children use online. Both sides agree about the risks of children spending too much time online, and the need for tech companies to do more to safeguard their products. The Australia government’s also commissioned the UK consortium Age Check Certification Scheme to trial age verification technology, to aid efforts to keep children off social media platforms.
Persons: Michelle Rowland, ” “, ” Rowland, we’ve, , , Australia government’s, it’s Organizations: Australia CNN, Communications, Albanese Government Locations: Brisbane, Australia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Wednesday's full episode of the Halftime Report — November 20, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
Keep reading to learn how to watch the CMA Awards, including live streaming options for those without cable. While it's her first time hosting the show, she's no stranger to the CMA Awards. How to watch the CMA Awards in the USThe CMA Awards will air on ABC on Wednesday, November 20, at 8 p.m. Those without cable can still live stream the awards show using a month-to-month live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboHow to watch the CMA Awards from anywhereTraveling outside the US and still hoping to tune in to the CMA Awards?
Persons: Luke Bryan, Peyton Manning, Lainey Wilson, it's, Wilson, Morgan Wallen, Jelly Roll, Luke Combs, Kacey, Chris Stapleton, Post Malone, Ballerini, Noah Kahan, Simone Biles, Freddie Freeman, Billy Bob Thornton, George, Jamey Johnson, Miranda Lambert, Parker McCollum, Stapleton, we've, ExpressVPN Organizations: Business, Country Music, CMA, Big Town, Post, ABC, DirecTV, DirecTV Stream Locations: Nashville, George Strait
Back in late September, I laid out a bearish thesis on Apple and the trade expired last Friday and resulted in a 100% gain. Apple (AAPL) continues to face significant headwinds, with disappointing iPhone 16 sales, growing competition in augmented reality, and underwhelming progress in artificial intelligence (AI). China's slowing economy has weighed heavily on Apple, exacerbating challenges in one of its largest markets. While Apple boasts industry-leading net margins of 24%, its expected EPS growth of 11.6% and revenue growth of 6.9% provide limited justification for this valuation premium. With iPhone sales growth faltering and the lack of a clear catalyst from AI or AR/VR initiatives, AAPL's premium valuation remains increasingly difficult to sustain.
Persons: AAPL Organizations: Apple, Apple Intelligence, Meta, Microsoft, CNBC, NBC UNIVERSAL Locations: OptionsPlay
Watch CNBC's full interview with golf pro Charley Hull
  + stars: | 2024-11-20 | 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 EmailWatch CNBC's full interview with golf pro Charley HullProfessional golfer Charley Hull joins CNBC's Dominic Chu to talk her sponsorship portfolio, growth in women's golf and more.
Persons: Charley Hull, Dominic Chu
Salt Lake City checked all the boxes for a new professional sports team — particularly in the National Hockey League. Salt Lake City kicked off its first season in the NHL this year after the Utah Hockey Club relocated from Phoenix. The early excitement of the fanbase, marked by sellout crowds and high merchandise sales, is solidifying Salt Lake City as a sports market. So far, every one of the 11,131 unobstructed view seats at Delta Center has been sold out, according to the Utah Hockey Club. The Utah Hockey Club generated the highest retail sales on its opening night of any hockey team this season, including the Florida Panthers, the 2023-24 Stanley Cup champions, according to the Utah Hockey Club.
Persons: Ryan Smith —, Ryan, Ashley Smith, Smith, Gary Bettman, , Chad Hutchinson, Hutchinson Organizations: National Hockey League, Salt Lake City, NHL, Utah Hockey Club, National Basketball, Utah Jazz, Major League Soccer's, National, Soccer League's Utah Royals, Smith Entertainment Group, Arctos Partners, Delta Center, Delta, NBA, Florida Panthers, Utah Hockey Club's, Vegas Golden Knights Locations: Salt Lake City, U.S, , Salt Lake, Phoenix, Salt, Utah
AdvertisementPalmer Luckey said his firing from Facebook changed his approach to business relationships. He went on to found Anduril Industries, a $14 billion defense startup. Oculus founder Palmer Luckey said his frosty departure from Facebook years ago changed the way he approaches business deals. Luckey went on to become the founder and face of Anduril Industries, a tech defense startup reportedly worth $14 billion, but he told Fortune that the dramatic firing changed how he approaches business. Now, as his defense company supplies weapons for the Russia-Ukraine war, he said he's working on his reputation in the business world.
Persons: Palmer Luckey, Luckey, Donald Trump, he'd, Fortune, Gabrielle Wesley, America It's, Forbes, Trump, John Carmack Organizations: Facebook, Industries, Anduril Industries, Mars, America Locations: Mars Wrigley, Russia, Ukraine
CNN —Matthew McConaughey is a native of Texas, but that’s not the only reason he and his family now reside there. During a recent appearance on the “Good Trouble” podcast, the Oscar-winning actor spoke with tennis pro Nick Kyrgios about his life and career. One thing he learned, McConaughey said, was the importance of saying no. Hollywood said no, no, no, no, you should stay there, stay there.”The “Magic Mike” star said “since I couldn’t do what I wanted to do, I stopped doing what I was doing.”“I moved down to the ranch in Texas,” McConaughey said. It paid off for McConaughey, who went on to nab more serious roles like his work in “Dallas Buyers Club” for which he won a best actor Academy Award in 2014.
Persons: Matthew McConaughey, that’s, Oscar, Nick Kyrgios, McConaughey, , , ” McConaughey, Hollywood, Mike ”, ” “, Camila Alves McConaughey, ‘ I’m Organizations: CNN, nab, Dallas Buyers Locations: Texas
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Russia warns of nuclear responseUkraine "struck a facility in [the] Bryansk region" of Russia using six U.S.-made missiles, said Russia's Ministry of Defense. On Tuesday, Russian President Vladimir Putin updated the country's nuclear doctrine, expanding the circumstances that would warrant a response using nuclear weapons. Markets recovered from jittersU.S. markets mostly closed higher on Tuesday after dipping in response to news of heightened geopolitical tensions.
Persons: Vladimir Putin, Cristiano Amon's, Atomico, Goldman Sachs, David Kostin Organizations: CNBC, Ministry of Defense, Micro Computer, Eurostat, Qualcomm Qualcomm, Qualcomm, Venture Locations: Russia, Ukraine, Bryansk, jitters U.S, New, Europe, Tuesday's, U.S
On the day that Nvidia is reporting earnings post-close, there isn't much attention on anything else, especially not chemical companies. There's no use in trying to bottom fish a stock that continues to make new lows… until it actually shows a marked change of character. If the stock can, in fact, see an upside follow through soon, then the measured move target would be up at $138. Past performance is no guarantee of future results, but patterns have the tendency to repeat – both over the short-term and long-term. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: it's, ALB Organizations: Nvidia, CNBC, NBC UNIVERSAL Locations: Albemarle, ALB
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHK's Paul Chan reacts to criticism over the sentencing of 45 pro-democracy activistsHong Kong Financial Secretary Paul Chan defends the city's legal system following the sentencing of 45 pro-democracy activists in a landmark National Security Law case.
Persons: Paul Chan Organizations: Hong Kong Financial, National Security
Revenue from generative AI should be shared pro rata, CEO says
  + stars: | 2024-11-20 | 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 EmailRevenue from generative AI should be shared pro rata, CEO saysBill Gross, CEO of Prorata and chairman of Idealab, discusses the appeal of Prorata's algorithm amid the generative AI boom.
Persons: Bill Gross, Idealab
And now, as Trump continues to fill out the upper echelons of his transition and administration, some key donors appear to be in the fray. Chris Wright, the Liberty Energy CEO tapped to be Trump’s energy secretary, gave the campaign and affiliated committees more than $235,000. Marc Rowan, the billionaire CEO of Apollo Global Management, gave $1 million to Right for America, a pro-Trump super PAC. The super PAC also ran a controversial program that gave away $1 million checks to swing-state voters who signed Musk's petition. (His father, Charles Kushner, who was pardoned by Trump, gave that same amount, plus another $1.2 million to a pro-Trump super PAC).
Persons: megadonors, Donald Trump's, Trump, Linda McMahon, McMahon's, Howard Lutnick, Lutnick, Chris Wright, Scott Bessent, Marc Rowan, Elon Musk, Musk, Ike Perlmutter, Jared Kushner, Trump's, Charles Kushner, Tim Mellon, Miriam Adelson, megadonor Sheldon Adelson Organizations: Trump's Small Business Administration, Trump, Inc, MAGA Inc, Commerce Department, Liberty Energy, NBC, Treasury Department, Apollo Global Management, Street, Treasury, America PAC, PAC, Marvel Entertainment, America, Dallas Mavericks Locations: America
A lawyer said his client was allegedly paid to have sex with Matt Gaetz at a 2017 party. A man accused of three fatal stabbings in New York City has an extensive criminal history. Gaetz, a former Republican U.S. representative from Florida, has long denied the allegations against him and has claimed he was the target of an extortion plot. A Trump transition team spokesperson called the allegations “baseless.” Gaetz resigned from Congress last week after Trump announced plans to nominate him for attorney general. The stabbings happened yesterday morning at three separate locations.
Persons: Matt Gaetz, Donald Trump’s, Gaetz, Joel Leppard, Leppard, ” Gaetz, Ramon Rivera, Rivera, it’s, Maya Huter, Jing Feng, Cynthia Erivo, Ariana Grande, Glinda, Kalhan Rosenblatt, Tony Lee, — Richie Duchon, Elizabeth Robinson Organizations: Justice Department, NBC News, NBC, Republican U.S, Trump, United Nations, Apple, Reebok, REI’s Locations: New York City, Florida —, Orlando, Florida, stabbings, New York, United
But planning ahead to take advantage of them is getting harder, and that’s largely thanks to Amazon. NBC News’ Holiday Price Check is tracking the online prices of five gift items, each in a popular product category, to determine when the best deals hit. Already, it’s clear that Amazon is often setting the pace. Target, for example, has narrowed the online price gap with Amazon in key product categories since last year, Profitero found. But for retailers, the race for shoppers’ holiday dollars is increasingly a discounting competition.
Persons: , Trae Bodge, , Profitero, Vivek Pandya, upmanship, Janelle Rasey, “ We’ll, Donald Trump, Jack Kleinhenz, you’re, it’s, It’s, ” Pandya Organizations: Amazon . NBC, Amazon, Walmart, Amazon Prime, Amazon’s, AirPods, NBC News, House, NBC, Retail, National Retail Federation, Locations: Seattle
Watch: 45 Hong Kong pro-democracy leaders sentenced
  + stars: | 2024-11-19 | by ( Ak Pohlers | ) edition.cnn.com   time to read: 1 min
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HONG KONG — A Hong Kong court sentenced dozens of leading pro-democracy figures to up to 10 years prison Tuesday in the single largest trial under a national security law that critics say has been used to all but eliminate political dissent in the Chinese territory. Lawyers for the defendants have argued that such action was within the bounds of Hong Kong law. In March, Hong Kong’s opposition-free legislature also enacted local national security legislation. Among the 47 are “second-tier pan-democrats” who were previously active members of the Hong Kong legislature, Burns said. Hong Kong officials said last month that there was no time limit for prosecuting the cases, noting that it takes time to gather evidence.
Persons: Benny Tai, Tai, Carrie Lam, Hong Kong’s, Hong, Maya Wang, , Tai —, John Burns, Burns, Jimmy Lai, , Jonathan Sumption, ” Sumption, Kong’s, of Organizations: University of Hong Kong, Hong, Authorities, Human Rights, University of Hong, Apple Daily, Pew Research Center, Financial Locations: HONG KONG, Hong Kong, Beijing, British, U.S, China, University of Hong Kong, Hong Kong’s
AdvertisementSnap's new Spectacles offer AR features like piano lessons and video calls. While the Vision Pro is a heavier corded headset, Meta's smart glasses are more like sunglasses with a camera and an AI assistant. AdvertisementSome features were clunky but impressiveOne of the Spectacles Lenses offered virtual piano lessons. AdvertisementGoogle tried and failed to break open the smart glasses market in the past, but that hasn't stopped CEO Mark Zuckerberg from showing off another pair of smart specs, Orion, at Meta Connect in September. AdvertisementI was impressed by the Spectacles demo, but I'm still waiting for a feature that makes them feel like a must-have.
Persons: Meta's Ray, Jordan Hart, They're, Evan Spiegel, I've, It's, hasn't, Mark Zuckerberg, haven't, Peter Kafka, Orion, they're, I'm Organizations: Apple's Vision, Apple Vision, Google, Meta Connect
“We just played four quarters, we didn’t really change nothing, didn’t change our philosophy,” Texans quarterback C.J. But the Texans’ Barnett was called for a 15-yard head slap penalty, giving the Cowboys a fresh set of downs. “Derek Barnett, the play he made, really changed the game for us,” Texans head coach DeMeco Ryans said after the game. It’s frustrating for everybody, frustrating for players, frustrating for coaches. look out beLow 🤘 pic.twitter.com/eTC8QvmP8h — Houston Texans (@HoustonTexans) November 19, 2024Metal sheet falls from ceiling at AT&T StadiumA piece of sheet metal fell from the ceiling of AT&T Stadium ahead of the Cowboys’ game against Texans, a Cowboys’ spokesperson told CNN.
Persons: Joe Mixon, Derek Barnett, Jared Goff, C.J, Stroud, would’ve, Mixon, Jalen Pitre, Derek Stingley Jr, Dallas, Brandon Aubrey, Texans ’ Barnett, Barnett, didn’t, Texans ’ miscue, Cooper Rush, Calen Bullock, Dak Prescott, Rush, Cowboys ’ Tyler Guyton, “ Derek Barnett, , DeMeco Ryans, Zack Martin, Tyler Smith, Jake Ferguson, Markquese Bell, , Mike McCarthy, “ We’re, ” Dallas, Jerry Jones, It’s, it’s, allen, ong Organizations: CNN, Houston Texans, Dallas Cowboys, Texans, AFC, Detroit Lions, Cowboys, Houston, Dallas, ” Texans, ” Cowboys, NFL, NFC, Washington, Tennessee Titans Locations: Arlington , Texas, Dallas, ideo
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