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☆ Respecting an overbought market, we're booking profits in an AI leader facing competition
▼ + stars: | 2024-12-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following Monday's trade, Jim Cramer's Charitable Trust will own 235 shares of MSFT, decreasing its weighting to roughly 2.85% from 3.12%. As a result of the rally, heading into the seasonably strong month of December, the market has become overbought, according to the S & P 500 Short-Range Oscillator . The Oscillator, which tracks trading momentum, climbed to plus 5.5.% after Friday's session Reading the Oscillator A reading above plus 4% indicates an overbought market that could be due for a rest or consolidation. When the stock market goes on a run like this and pushes into overbought territory, our discipline kicks in and we trim positions that have moved up. 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's, Donald Trump, OpenAI, Jim Cramer, Jim Organizations: Microsoft, CNBC Locations: Copilots

☆ Bernie Ecclestone: Former F1 supremo to sell car collection worth ‘hundreds of millions’
▼ + stars: | 2024-12-02 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Former Formula One boss Bernie Ecclestone has announced he will sell his entire car collection, estimated to be worth “hundreds of millions” of dollars. The collection, which is made up of 69 cars, includes world championship-winning Ferraris raced by the likes of Michael Schumacher and Niki Lauda. Bernie Ecclestone and Tom Hartley Jr. stand with Ecclestone's car collection. Ecclestone has entrusted Hartley Jr with selling the collection. Tom Hartley Jnr/PAEcclestone tried his hand at racing in the 1950s, before becoming a driver manager for Stuart Lewis-Evans and Jochen Rindt, both of whom were tragically killed while competing.

Persons: Bernie Ecclestone, Ferraris, Michael Schumacher, Niki Lauda, Alberto Ascari’s, Brabham BT46B, Tom Hartley Jr, Tom Hartley, Ecclestone, “, ”, Hartley, Hartley Jr, Stuart Lewis, Evans, Jochen Rindt, Lauda, Nelson Piquet Organizations: CNN, Formula, Brabham, F1 supremo, HM Revenue, Customs, BBC, Brabham F1 Team, Formula One, One Promoters Association, One, Liberty Media Locations: Singapore

Bonobos Fireside Flannel Lined Chinos $90.30 $129.00 Save 30% Bonobos took the stellar fit of its iconic chinos and then upgraded them with a cozy lining. View at BonobosBonobos Gramercy Premium Jeans $104.30 $149.00 Save 30% Yes, Bonobos does jeans as well as they do chinos. View at BonobosBonobos Cyber Monday sale FAQsWhen does the sale start and end? The Bonobos Cyber Monday sale starts and ends on December 2. Check out our roundup of all of the best Cyber Monday deals.

Persons: suiting, we've, Bonobos, Washable Organizations: Business, Chino, Bonobos, Oxford Locations: chino, Cashmere, Cardigan

☆ Biden Opens the Only Trip of His Presidency to Sub-Saharan Africa
▼ + stars: | 2024-12-02 | by ( Zolan Kanno-Youngs | Peter Baker | ) www.nytimes.com time to read: 1 min

President Biden arrived on Monday in Cape Verde, an island nation off the coast of Africa, for the first stop of the only trip to sub-Saharan Africa of his presidency, a journey shadowed by his decision to pardon his son of tax and gun convictions. Air Force One touched down for refueling at Amílcar Cabral International Airport on the island of Sal on a bright, sunny morning, before continuing on to Angola, where the president will work to bolster American ties. While waiting for the plane to be readied for the next leg of the flight, Mr. Biden met at an airport lounge with Ulisses Correia e Silva, the prime minister of Cabo Verde. The president is scheduled to arrive by evening in Luanda, the Angolan capital, where he will visit a slavery museum and highlight a new $1 billion rail corridor as a primary example of his administration’s plan to help lift the region’s economy.

Persons: Biden, Ulisses Correia e Silva Organizations: Air Force, Amílcar Locations: Cape Verde, Africa, Saharan Africa, Sal, Angola, Cabo Verde, Luanda, Angolan

☆ Russian companies are turning to teenagers and retirees amid the country's wartime labor shortage
▼ + stars: | 2024-12-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

AdvertisementRussia's labor shortage has businesses turning to teens and retirees to fill positions. The nation was short around 5 million workers last year, Russia's Academy of Sciences estimated. That adds to last year's 289% increase, with openings for young workers rising from 14,500 to 42,000, the analysis found. The nation is short around 2 million workers, Bloomberg reported, citing an analysis from FinExpertiza, one of the nation's largest auditors. Last year, the Russian Academy of Sciences estimated the nation was short around 5 million workers.

Persons: Putin Organizations: Russia's Academy of Sciences, Bloomberg, Russia's, Russian Academy of Sciences Locations: Russian, Ukraine, Russia

☆ Seoul's $322 million gambit to save the city from crushing loneliness won't fix the source of its problems
▼ + stars: | 2024-12-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

The city glitters, but there's a reason the locals call South Korea "Hell Joseon." Lonely deaths in South Korea increased from 3,378 in 2021 to 3,661 in 2023, per the South Korean Ministry of Health and Welfare's data. "'Seoul Without Loneliness' is a bold challenge for the city and not an easy path to take," the representative said. In 2023, South Korea recorded a suicide rate of 27.3 out of 100,000 people, the highest rate among OECD countries like the US, UK, and Japan. Kee Hong Choi, a psychology professor at Korea University, said that his country's education system needs to be "changed dramatically" to become less competitive.

Persons: hoon, Family, it's, Eva Chen, Chen, Kee Hong Choi, Choi, Sohyun Kim, Kim, Korea University's Choi, Hua University's Chen Organizations: Korea Institute for Health, Social Affairs, South Korean Ministry of Health, Korean, Business, Seoul Metropolitan Government, country's Ministry, National University of Singapore, Tsing Hua University, South Korea's National Statistics Office, Korea University, Hua Locations: Seoul, South Korea, Korea, South, Japan, That's

☆ Market impact of additional Trump tariffs on China will be relatively muted: CICC Research
▼ + stars: | 2024-12-02 | 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 EmailMarket impact of additional Trump tariffs on China will be relatively muted: CICC ResearchKevin Liu of CICC Research says that potential further 10-20% tariffs on China by the U.S. are already priced in by the market and that this would affect China's GDP by less than 0.5%.

Persons: Kevin Liu, CICC Organizations: CICC Research Locations: China, U.S

☆ Georgia is being rocked by days of violent protests. Here’s what you need to know
▼ + stars: | 2024-12-02 | by ( Lex Harvey | ) edition.cnn.com time to read: +8 min

CNN —Days of protests have rocked Georgia following the government’s controversial decision to delay the former Soviet country’s bid to join the European Union. Tensions intensified in late October when Georgian Dream claimed victory in a contested election that was widely seen as a referendum on joining the EU. Opposition TV channel Formula showed people in the central town of Khashuri throwing eggs at the local Georgian Dream office and tearing down the party’s flag. Georgian Dream, founded by a billionaire who made his fortune in Russia, has taken a sharp authoritarian turn in recent years. Experts have warned the suspension of EU talks is another sign the country is going down an undemocratic path under Georgian Dream.

Persons: Irakli Kobakhidze, ”, “, Giorgi Arjevanidze, “ I’ve, –, ” Tsotne, Salome Zourabichvili, Ketevan, Georgians ”, Matthew Miller, Kaja Kallas, Kobakhidze, Vladimir Putin, Dmitry Medvedev Organizations: CNN, European Union, Georgian, EU, ”, Getty, Georgians, Police, Reuters, Opposition, Interpress, Western, National Democratic Institute ., Democratic, Center for, US State Department, Georgia, Security, of Russia Locations: Georgia, Soviet, South Caucasus, Georgian, Russia, Europe, Soviet Union, ” Georgia, Tbilisi, AFP, Black, Poti, Tbilisi , Georgia, Ukraine, Russian, US, United States

View at Cuyana What we like Check mark icon A check mark. Fits a laptopCheck mark icon A check mark. View at Cuyana What we like Check mark icon A check mark. Chic, durable, flexible but not floppyCheck mark icon A check mark. Can fit a huge amount of stuffCheck mark icon A check mark.

Persons: Cuyana, we've Organizations: Business, tote, Tote

Syrian rebels shocked the country with a lightning offensive on its biggest city and the surrounding region starting last week, upending a 13-year-old civil war that had been dormant for several years. By seizing that city, Aleppo, occupying large stretches of the countryside and advancing on the western city of Hama, the rebels have been able to expand their territory to include much of the northwest corner of Syria. The fighters opposed to President Bashar al-Assad’s autocratic rule always included a motley patchwork of rebel factions who were often at odds with each other. Now the group may extend its control to a much larger zone. Here’s a primer on how it formed, how it evolved and why it staged this attack.

Persons: upending, Bashar al, Hayat Organizations: Al Locations: Aleppo, Hama, Syria, Hayat Tahrir, Al Qaeda

☆ The US Navy figured out how to reload its missile ships at sea, preparing for possible conflict with China
▼ + stars: | 2024-12-02 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementThe US Navy has developed a new way of reloading warships with missiles while at sea. It will be "critical" to any future conflict in the Pacific, Navy Secretary Carlos Del Toro said. "Without the ability to rearm at sea, our service combatants must return to port, sometimes thousands of miles away," Del Toro said at the time. Del Toro said the US Navy expected to start deploying TRAM within the next two to three years. In a speech at Columbia University in December 2022, Del Toro said delivering the "game-changing" capability to rearm US warships at sea was one of his top priorities.

Persons: Carlos Del Toro, Del Toro, Dewey, Nicholas Maruca, Nick Childs Organizations: US Navy, Pacific, Navy, Street, US, Columbia University, South China, International Institute for Strategic Studies Locations: China, California, San Diego, Pacific, Taiwan, South, Philippines, Darwin, Australia, London

☆ Intel CEO Pat Gelsinger resigns after a disastrous tenure
▼ + stars: | 2024-12-02 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +1 min

CNN —Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. Gelsinger took over as Intel’s chief executive in February 2021, returning to the company at which he had spent decades of work, including as chief technology officer. He had left Intel for a stint as CEO of software giant VMWare. At Intel, Gelsinger was tasked with turning around the iconic American tech giant that was struggling against unprecedented competition, production delays and the departure of top talent.

Persons: Pat Gelsinger, Gelsinger Organizations: CNN, Intel, VMWare

☆ ‘Brain rot’ is Oxford’s word of the year
▼ + stars: | 2024-12-02 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +3 min

“Brain rot” took the title in a vote in which more than 37,000 people participated, as well as public commentary and analysis of OUP’s language data. “While England endeavours to cure the potato rot,” wrote Thoreau, “will not any endeavour to cure the brain-rot – which prevails so much more widely and fatally?”All these years later, it seems brain rot is well and truly established. “’Brain rot’ speaks to one of the perceived dangers of virtual life, and how we are using our free time,” said Casper Grathwohl, president of Oxford Languages, in Monday’s announcement. “I also find it fascinating that the word ‘brain rot’ has been adopted by Gen Z and Gen Alpha… These communities have amplified the expression through social media channels, the very place said to cause ‘brain rot,’” he added. The word, which means being reserved in appearance or behavior, had already been named word of the year by Dictionary.com last week.

Persons: London CNN —, ”, Henry David Thoreau, “ Walden ”, Thoreau, “, Casper Grathwohl, Gen Z, Alpha, Dictionary.com, “ rizz Organizations: London CNN, Oxford University Press, Oxford English, OUP, United States, Oxford Locations: England, United

☆ Webb telescope offers an unexpected view of the Sombrero galaxy
▼ + stars: | 2024-12-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —The James Webb Space Telescope has captured a surprising new view of a long-studied galactic neighbor, the Sombrero galaxy, revealing a perspective that looks quite different from the wide-brimmed Mexican hat for which it was named. Hubble: Messier 104, The Sombrero Galaxy Looking like a broad-brimmed Mexican hat, the “Sombrero” galaxy, M104, is a spiral galaxy seen nearly edge-on. NASA/ESA/CSA/STScI The Sombrero Galaxy is imaged in visible light by the Hubble Space Telescope, left, and in mid-infrared light by the James Webb Space Telescope’s MIRI (Mid-Infrared Instrument). But the Sombrero galaxy is quiet in terms of star formation compared with other galaxies such as Messier 82. The Webb telescope, launched in December 2021, will begin its fourth year of observing the universe in July.

Persons: James Webb, Pierre Méchain, Méchain, Charles Messier, NASA’s, Webb Organizations: CNN, Telescope, Hubble, Spitzer, NASA, Hubble Heritage, James Webb Space Telescope, micron, ESA, CSA, Way Locations: MIRI

☆ New York City is on the verge of allowing thousands of homeowners to build extra dwellings in their backyard, garage, or basement
▼ + stars: | 2024-12-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

AdvertisementNew York City is on the verge of legalizing accessory dwelling units in much of the city. The effort is part of the mayor's "City of Yes" housing plan, designed to boost the supply of homes. More than a dozen states across the country have legalized ADUs in recent years, and New York State greenlit the secondary units in 2022, although New York City has restricted them. Last year, New York City rolled out a pilot program that awarded 15 homeowners with up to nearly $400,000 in funding per household to build an extra dwelling in their backyard, basement, or attic. Another Republican council member opposed to City of Yes derided ADUs as backyard "treehouses" that would depress home values.

Persons: Eric Adams, Dan Garodnick, Marcel Negret, —, Nolan Gray, Casey Berkovitz, Councilmember Vicky Paladino, ADUs, Negret Organizations: New York State, New, New York City Department of City Planning, Regional Plan Association, ADUs, City, Department of City Planning, Republican, Northeast Locations: York City, New York City, City, York, Los Angeles, Seattle, California, Northeast Queens, Yorker

The annual Coursera Plus subscription typically costs you $399, but now, it's only $239 — a deal we may not see again. Coursera Plus exemplifies how online learning has revolutionized professional development by offering unlimited access to over 7,000 courses. While Coursera has free enrollment with per-course payment options, a Coursera Plus subscription supplies unrestricted access to the entire course catalog at a fraction of the typical cost. View at Coursera Highlights Unlimited access to over 7,000 coursesLearn on your preferred device at your own paceEarn industry-recognized credentialsCyber Monday Coursera FAQsIs Coursera free? While Coursera provides free course previews and registration, earning official certifications or degrees requires subscribing to Coursera Plus or buying individual courses.

Persons: Coursera Organizations: Business, IBM, Google, Meta, Microsoft, Coursera, University of Michigan, UC Berkeley Locations: Georgetown, Coursera

Out of all the Away luggage we tested, it's the Away Bigger Carry-On Flex that I'm obsessed with. View at Away What we like Check mark icon A check mark. View at AwayCyber Monday Away luggage FAQsDoes Away do Cyber Monday deals? We've tested dozens of suitcase brands for our guide to the best luggage, and Away remains a strong editor pick. We particularly like the brand's Bigger Carry-On Flex and Aliminum Carry-On; we named both top picks in our guide to the best carry-on bags.

Persons: let's, Away's, they've Organizations: Business, TSA

☆ This is Tesla's last quarter of relative weakness, says Roth Capital's Craig Irwin
▼ + stars: | 2024-12-02 | 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 EmailThis is Tesla's last quarter of relative weakness, says Roth Capital's Craig IrwinCraig Irwin, Roth Capital, joins 'Squawk on the Street' to discuss Roth Capital's upgrade of Tesla, if Irwin's a big believer in the company's robotics arm, and much more.

Persons: Roth, Craig Irwin Craig Irwin

☆ LTK co-founder Amber Venz Box on the rise of live shopping
▼ + stars: | 2024-12-02 | 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 EmailLTK co-founder Amber Venz Box on the rise of live shoppingAmber Venz Box, LTK co-founder and president, joins 'Squawk Box' to discuss the rise of live shopping on social media platforms, the company's commission structure, and more.

Persons: Amber Venz, Venz, LTK

The best Cyber Monday Big Fig dealsBig Fig Mattress (Queen) $1,399.00 $1,899.00 Save 26% The Big Fig Mattress is constructed for heavier individuals with firm support and a high weight capacity. View at Big Fig What we like Check mark icon A check mark. Firmer than averageCheck mark icon A check mark. 1,100-pound weight capacityCheck mark icon A check mark. View at Big FigCyber Monday Big Fig FAQsHow long is Big Fig's Cyber Monday sale?

Organizations: Business, Big Locations: Big

☆ A quiet takeover of Nissan by Honda might be the 'best thing that could happen': Analyst
▼ + stars: | 2024-12-02 | 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 EmailA quiet takeover of Nissan by Honda might be the 'best thing that could happen': AnalystKarl Brauer of ISeeCars.com discusses the various troubles Nissan is facing and says that both Honda and Nissan need a 'dance partner' to continue surviving.

Persons: Karl Brauer, ISeeCars.com Organizations: Nissan, Honda

☆ The New Yorker: Pete Hegseth forced out of veterans’ advocacy groups over misconduct allegations
▼ + stars: | 2024-12-02 | by ( Eric Bradner | ) edition.cnn.com time to read: +7 min

CNN —Pete Hegseth, President-elect Donald Trump’s pick to lead the Department of Defense, was pushed out as the head of two veterans’ advocacy organizations amid internal allegations of mismanagement and personal misconduct, The New Yorker reported Sunday. It also alleges that he sexually pursued female staffers, and that the organization ignored another staffer’s alleged sexual misconduct. It claims that his management team “sexually pursued” employees and divided the organization’s female staffers into two groups — “party girls” and “not party girls,” The New Yorker reported. The accuser told police that Hegseth physically blocked her from leaving a hotel room, took her phone and then sexually assaulted her. Years later, Hegseth paid the accuser in a settlement agreement that included a confidentiality clause, his attorney Timothy Parlatore told CNN in a statement last month.

Persons: Pete Hegseth, Donald Trump’s, Hegseth, “ We’re, Hegseth’s, ”, “, Hegseth “, megadonors, Margaret Hoover, CNN’s Erin Burnett, ” Hoover, Timothy Parlatore, Parlatore, ” Hegseth’s, Penelope Hegseth, ” Penelope Hegseth, Alayna Treene Organizations: CNN, Department of Defense, Yorker, Fox News, Veterans, America, Freedom, Republican, Defense Department, ” CNN, Hegseth, The New York Times, The Times, New York Times Locations: America, Louisiana, Cuyahoga Falls , Ohio, Monterey , California, Monterey County

☆ Playing Lululemon ahead of earnings with a stock substitution options strategy
▼ + stars: | 2024-12-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Sine that initial call, Lulu shares gained about 7% through last Friday, versus a 4% total return of the S & P 500 and flat performance for Nike. Right now, the options market implies a about a $30 move in the stock price, higher or lower, by the end of this week. Rather than continuing to hold the stock, an investor looking for slightly less risk could use a stock substitution strategy through earnings. The trade: Stock substitution strategy A stock substitution strategy is an investment approach that uses options instead of directly holding shares of a stock. An options structure can also reduce the maximum potential loss if the underlying stock's price falls significantly.

Persons: Lululemon, LULU, Lulu, Armour, LULU Jan Organizations: Nike, Adidas, VF Corp, CNBC, NBC UNIVERSAL Locations: Sine

☆ Australian Venue Co pub group backtracks on plans to ban Australia Day celebrations after outcry
▼ + stars: | 2024-12-02 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

An increasing number of non-Indigenous Australians now find it difficult to celebrate Australia Day, in the knowledge that many of their Indigenous fellow citizens treat it as a day of mourning. “It’s not for us to tell anyone whether or how to celebrate Australia Day,” it said in a statement posted on social media. “It certainly wasn’t our intention to offend anyone.”“Whether you choose to celebrate Australia Day or not, everyone is welcome in our pubs, always. We have been, and are always, open over Australia Day and we continue to book events for patrons,” added Australian Venue, which says it has 15 million customers a year and employs 9,600 people. Multiple local councils have also dropped celebrations on the day as attitudes have changed about the anniversary.

Persons: Arthur Phillip, Jack, ”, “ It’s, Aldi Organizations: CNN, British Royal Navy, Crown, Australia, Co, Woolworths, Australian, Kmart Locations: Australian, Sydney

Check out our guide to the best Cyber Monday deals, where we're rounding up all the top sales. The best Tarte Cyber Monday dealsTarte Amazonian Clay 12-Hour Blush $21.00 $30.00 Save 30% Tarte’s Amazonian Clay blush has long been a beauty favorite. View at Tarte What we like Check mark icon A check mark. View at Tarte What we like Check mark icon A check mark. With discounts of up to 80%, this is one of the best Cyber Monday deals we've come across for makeup.

Persons: It’s, there's, it's, we've Organizations: Business

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