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☆ International markets could outperform on Trump's tariffs, says Charles Schwab's Jeffrey Kleintop
▼ + stars: | 2024-11-26 | 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 EmailInternational markets could outperform on Trump's tariffs, says Charles Schwab's Jeffrey KleintopJeffrey Kleintop, Charles Schwab chief global investment strategist, joins 'Squawk on the Street' to discuss the macro market and Trump's proposed tariffs impact on the economy, Fed and labor force.

Persons: Charles Schwab's Jeffrey Kleintop Jeffrey Kleintop, Charles Schwab Organizations: Email International

☆ Bank of America sees 11% gain for S&P 500 next year and even bigger returns for certain stocks
▼ + stars: | 2024-11-26 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The Wall Street firm set its 2025 S & P 500 target at 6,666, which implies an 11% upside from current levels. .SPX YTD mountain S & P 500 In particular, BofA said it is bullish on financials, discretionary, materials, real estate and utilities. The firm expects bank stocks to benefit from a return in merger and acquisition activities as well as optimism around deregulation under a Donald Trump administration. Deutsche Bank sees the S & P 500 hitting 7,000 in 2025 on the back of rising risk appetite. Goldman also projected an 11% S & P 500 return for next year.

Persons: Savita Subramanian, BofA, Donald Trump, Goldman Organizations: of America, BofA Securities, Wall, Deutsche Bank, UBS

☆ Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
▼ + stars: | 2024-11-26 | by ( Maureen Farrell | ) www.nytimes.com time to read: +1 min

Three decades before he was tapped to lead the Treasury Department, Scott Bessent was asked to help break another country’s financial system. Then 29 years old, Mr. Bessent, working for the financier George Soros, helped “break” the Bank of England with crushing trades against the British pound. He was on a small team at Mr. Soros’s investment firm that, in 1992, amassed a $10 billion bet that the pound was overvalued. Mr. Soros’s fund earned more than $1 billion, along with credit (and infamy) for orchestrating one of Wall Street’s most audacious trades. When President-elect Donald J. Trump announced his selection of Mr. Bessent as Treasury secretary last week, there was no mention of the connection to Mr. Soros.

Persons: Scott Bessent, Bessent, George Soros, Donald J, Trump, Soros Organizations: Treasury Department, Bank of England, Mr Locations: British

☆ British Airways reveals new A380 superjumbo first class seat design
▼ + stars: | 2024-11-26 | by ( Francesca Street | ) edition.cnn.com time to read: +6 min

This luxury is set to be taken to new heights on British Airways superjumbos, as the airline just unveiled a fresh design for its first class airplane seat, set to launch on BA’s A380 planes in 2026. CNN Travel was among the first to try out British Airways’ new cabin product during an unveiling at the airline’s London headquarters. British Airways suggests the wardrobe eliminates the need for overhead storage, which (perhaps controversially) won’t be a component of these new first class cabins. Each first class seat also features a 32-inch 4K inflight personal entertainment screen and adjustable mood lighting, including a “cinema” mode. Future of first classWhile British Airways is investing in its premium cabins, some airlines are moving away from first class.

Persons: United Kingdom CNN —, won’t, Calum Laming, “, ” Laming, Laming, you’re, there’s, ”, CNN’s Tamara Hardingham, Gill Organizations: CNN, United Kingdom CNN, Airbus, British Airways superjumbos, CNN Travel, British Airways, British Airways British Airways, American Airlines and United Airlines, Singapore Airlines Locations: London, United Kingdom, Concorde, Emirates, Johannesburg, Miami, Singapore, Los Angeles, San Francisco, Boston

☆ CNBC Daily Open: Investors endorse Trump’s Treasury secretary pick
▼ + stars: | 2024-11-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In contrast to Wall Street, Asia-Pacific markets mostly fell on Tuesday. Wall Street likes BessentScott Bessent, President-elect Donald Trump's pick for U.S. Treasury secretary, has got a big thumbs up from the stock as well as bond markets. Wall Street strategists heaped praise on Bessent; global analysts also think Trump's pick is favorable for markets. Investors are in a risk-on mood because of Bessent's perceived friendliness to Wall Street and reports of Israel and Hezbollah moving closer to a cease-fire.

Persons: Scott Bessent, Bessent Scott Bessent, Donald Trump's, Trump Organizations: Key, CNBC, Japan's Nikkei, U.S, Treasury, Wall, Trump, buybacks Companies, Barclays Locations: Washington ,, Street, Asia, Pacific, Hong Kong, Mexico, Canada, Israel

☆ ‘We enjoy this sometimes’: The rhetorical battle between Justices Alito and Kagan at the Supreme Court
▼ + stars: | 2024-11-26 | by ( Joan Biskupic | ) edition.cnn.com time to read: +15 min

CNN —The morning after Donald Trump was reelected president, Justices Samuel Alito and Elena Kagan began jousting more than usual. More than other justices on their respective sides, conservative Alito and liberal Kagan are sharp-tongued strategic questioners. As usual, Alito and Kagan began referring to each other’s questions but with barely a glance toward the other at their elbow. Skeptical of the litigants’ case, Alito asked their lawyer Deepak Gupta why Huang would have put out financial information that could be quickly exposed as wrong. Then Alito said, “Well, I don’t want to derail … Justice Kagan had a number of hypotheticals, but I don’t want to interrupt that.”Kagan seemed miffed, but only slightly.

Persons: Donald Trump, Samuel Alito, Elena Kagan, Alito, Kagan, Trump, Anthony Kennedy, ”, ” Alito, you’ve, ” Kagan, it’s, gesturing, John Roberts, improvidently, Jensen Huang, Deepak Gupta, Huang, Gupta, “ Huang, “, “ You’re, ” Gupta, Biden, Elizabeth Prelogar, Bostock, Biden’s, John Sauer, Sauer, Noel Francisco, Francisco, Amy Coney Barrett, Dobbs, George W, Bush, Alito’s, “ Sam, ” Bush, Barack Obama, Adam Unikowsky, Edmund LaCour, LaCour, “ Let’s, …, general’s Organizations: CNN, Kagan, Trump, Meta, Investors, Facebook, Cambridge Analytica, Amalgamated Bank, Department, Nvidia, Texas Rangers, Philadelphia Phillies, Alabama, Alabama Supreme Locations: America’s, Trenton , New Jersey, Swedish, Clayton County, Bush, Alabama

☆ Fears of trade wars, volatility and higher inflation: What analysts are saying about Trump's tariff plans
▼ + stars: | 2024-11-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump's latest tariff threats have set alarm bells ringing on Wall Street. Analysts warned of a trade war, volatility, steeper inflation, and a flight to safety in markets. Analysts said the president-elect's latest threats could presage tariffs on other countries' exports and escalate into a full-scale trade war. "There has been a view among some investors that Trump's tariff talk was a negotiating tactic, a threat rather than a promise. Advertisement"The president-elect's scorched-earth approach has stoked fears of a trade war, with investors increasingly wary that Europe could be next in his crosshairs."

Persons: Donald Trump's, Donald Trump, There's, George Saravelos, Trump, Dan Coatsworth, AJ Bell, Matt Britzman, Hargreaves Lansdown, Nigel Green, Mark Haefele, Ruben Ferreira, FlowCommunity Organizations: Analysts, Deutsche Bank, Free, deVere, UBS Global Wealth Management Locations: Mexico, Canada, China, America, Europe

☆ Buy the 'average' stock for big gains into year-end, says chart analyst
▼ + stars: | 2024-11-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

This outperformance outside of the biggest stocks in the market sets up the "average stock" for success heading into year-end, according to Roth MKM's JC O'Hara. RSP 5D mountain RSP 5-day chart "This shows breadth is expanding. "We found similar price action within the Nasdaq 100 and the equal weighted version last week. The QQQ's gained 1.9% [last week] while the equal weighted version of the ETF, QQQE, surged 3.5% and came within pennies of a new closing high," O'Hara said. The resurgence of the so-called average stock follows Donald Trump securing a second term as president.

Persons: it's, Russell, Roth MKM's JC O'Hara, O'Hara, Donald Trump, Trump, Hess Organizations: Nvidia, Microsoft, RSP, Nasdaq, QQQE, Investors, Citi, Chevron, Exxon Mobil Locations: Mexico, Canada, Namibia

☆ Insana: Why Wall Street’s rally after Trump’s Treasury pick may be unjustified
▼ + stars: | 2024-11-26 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Wall Street's celebration of President-elect Donald Trump's Treasury pick may be a tad premature. The market's resurgence following the Bessent announcement makes for calming copy, but is it the correct assessment of what's to come? It's true that Wall Street veteran Bessent has been a successful money manager. However, Bessent suggested that he is comfortable using tariffs as negotiations to " escalate to de-escalate " the risks of global trade imbalances. But little of what's been discussed about the Treasury Secretary pick supports the rather large rallies we've seen in both stocks and bond prices.

Persons: Donald Trump's, Scott Bessent, Bessent, Trump, We'll, what's, we've, –, Ron Insana Organizations: Donald Trump's Treasury, Dow Jones Industrial, Wall, Bloomberg News, U.S, Trump, Biden, CNBC Locations: China, Mexico, Canada, U.S, Ukraine

☆ Conor McGregor set to appeal civil rape verdict, as large crowds take to street in support of woman involved
▼ + stars: | 2024-11-26 | by ( Ben Church | Amy Woodyatt | ) edition.cnn.com time to read: +3 min

CNN —MMA fighter Conor McGregor, who lost a civil rape case on Friday, has said he will instruct his legal team to appeal the verdict, as large crowds in Dublin showed support to the woman involved in the case. McGregor was accused of raping Nikita Hand in a Dublin hotel room in 2018. On Friday, a civil court jury awarded Hand nearly 250,000 euros (roughly $263,600), after finding McGregor liable for assault, according to the Courts Service in Ireland. Brian Lawless/PA WireDuring the trial, McGregor maintained he never forced Hand to do anything against her will and said she fabricated the allegations after the two had consensual sex, according to the AP. Posting pictures of the protest, Fingal County councilor Ruth Coppinger wrote on X: “Huge questions over DPP turning down cases of #genderviolence.

Persons: Conor McGregor, McGregor, Nikita Hand, Hand, I’ll, ”, Freya, ” Nikita, Brian Lawless, ” McGregor, Ruth Coppinger Organizations: CNN, Service, Associated Press, Court, AP, DPP Locations: Dublin, Ireland, Irish, Fingal County

☆ We knew Best Buy's quarter and guide would be weak. Here's our plan for the stock
▼ + stars: | 2024-11-26 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

BBY YTD mountain Best Buy YTD These were not the results we wanted from Best Buy, but they are the numbers we had expected. Best Buy stock below $80 would push the dividend yield up to just under 5% — a nice payout for our patience. We still believe in the stock because Best Buy should benefit once mortgages drop and housing turnover picks up. Best Buy Why we own : We believe Best Buy will prove to be a go-to destination for consumers looking to upgrade hardware, much of which was purchased during Covid, to new AI-powered devices. In the Best Buy app, the company also launched the "Best Buy Gift Finder," an AI-powered gifting guide to help consumers find new products.

Persons: Jim Cramer, it's, Donald Trump, Jim, Corie Barry, Barry, Matthew Bilunas, Jim Cramer's, David Paul Morris Organizations: Revenue, LSEG, Target, Walmart, Amazon, Costco, Enterprise, Black, Microsoft, Meta, Management, CNBC, Bloomberg, Getty Locations: Tuesday's, Union City , California

☆ Trump’s tariff threats signal the start of a wild ride in currency markets
▼ + stars: | 2024-11-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump's vow to implement additional tariffs on China, Canada and Mexico on day one of his presidency signals the start of a wild ride in currency markets, strategists say, warning it would be risky for investors to underestimate the impact on foreign exchange rates. The announcements prompted a knee-jerk reaction in currency markets, with the U.S. dollar rising more than 2% against the Mexican peso and notching a four-year high against the Canadian dollar . "I think the first reaction here is that investors should get ready for a wild ride in FX volatility," said Kamakshya Trivedi, head of global foreign exchange, interest rates and emerging markets strategy research at Goldman Sachs . The index closed 0.6% lower in the previous session as investors welcomed hedge fund manager Scott Bessent as Trump's pick for U.S. Treasury chief. "This is going to be something that we are all going to have to get used to.

Persons: Donald Trump's, Trump, Kamakshya Trivedi, Goldman Sachs, Scott Bessent, Trivedi, CNBC's Organizations: U.S, Canadian, Goldman, The U.S, Treasury Locations: China, Canada, Mexico

☆ Biden administration plans to expand coverage of GLP-1 drugs for Americans with Medicare & Medicaid
▼ + stars: | 2024-11-26 | 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 EmailBiden administration plans to expand coverage of GLP-1 drugs for Americans with Medicare & MedicaidCNBC's Bertha Coombs joins 'Squawk on the Street' to report on Biden's administration plan to expand coverage of GLP-1 drugs for Americans with Medicare and Medicaid.

Persons: Bertha Coombs Organizations: Biden, Medicare

☆ Dell shares fall on light forecast despite growing AI sales
▼ + stars: | 2024-11-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations on Tuesday, despite bullish commentary from the company on AI sales growth. It said it expected $2.50 in adjusted earnings per share, versus expectations of $2.65 per share. Dell's AI server sales are reported in the company's Infrastructure Solutions Group (ISG), which includes AI servers, storage, networking components, and traditional servers. The strongest part of Dell's ISG business was its Servers and Networking subsidiary, which includes AI systems. The overall ISG unit is more profitable, thanks to sales of pricier AI systems.

Persons: Michael Dell, Dell, Jensen Huang, Jeff Clarke Organizations: Dell Inc, Dell Technologies, Dell, Nvidia, Blackwell, Solutions, Networking, Intel, AMD Locations: Las Vegas , Nevada, Asia, Dell's

☆ Wall Street is bullish on sports investing as major leagues' values outpace the S&P 500 by up to 5 times. Here's the strategy and sectors top firms are betting on.
▼ + stars: | 2024-11-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.

Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer

☆ Billionaire Jersey Mike's CEO still gets behind the counter to slice deli meat like he did at age 14: I do it 'every time I’m in a store'
▼ + stars: | 2024-11-26 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Five decades ago, Peter Cancro was your average 14-year-old wrapping sandwiches after school at his local eatery, Mike's Subs. Today, he's the billionaire CEO of Jersey Mike's Subs — but he still gets his hands dirty every now and then. At age 17, the New Jersey native had worked at Mike's Subs for a few years when he discovered the owner was looking to sell. He still slices deli meats and gets face-time with employees "every time I'm in a store," he said at the conference. The ability to be personable is a green-flag trait that good bosses tend to share, workplace culture expert Bonnie Low-Kramen told CNBC Make It last year.

Persons: Peter Cancro, Cancro, Peter, Rod Smith, Bonnie Low, Kramen, It's Organizations: Subs, Blackstone, Jersey, Conference, Bloomberg, CNBC, Workers, Gallup Locations: Jersey, U.S, New York, Jersey Shore, New Jersey

☆ What Trump's trade plans mean for industry in Canada and Mexico — from oil to autos
▼ + stars: | 2024-11-26 | by ( Huileng Tan | Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump said he would impose 25% tariffs on Canadian and Mexican exports to the US. The US is a big buyer of products from Canada and Mexico, particularly in the energy and auto sectors. Canadian energy exports to the US were worth $128 billion last year. Mexico worth $379 billion worth of exports to the US in the first nine months of this year, with Canadian exports topping $309 billion, the data shows. AdvertisementWilbur Ross, who served as Commerce Secretary in Trump's first administration, told CBC earlier this month he didn't expect the incoming president to tax Canadian energy imports.

Persons: Donald Trump, Nigel Green, Wilbur Ross, Ross, Tesla, Elon, BYD, Trump Organizations: US, Canadian, deVere, Energy, CBC, Toyota, Nissan, Honda, Elon Musk's, Street, Machinery, . Locations: Canada, Mexico, China, Europe, Asia, . Canada

☆ Stocks making the biggest moves premarket: Amgen, Best Buy, Abercrombie & Fitch, Stellantis and more
▼ + stars: | 2024-11-26 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Abercrombie & Fitch reported third-quarter earnings of $2.50 per share, topping the $2.39 per share LSEG consensus estimate. Revenue was $1.21 billion, versus the $1.19 billion expected. Best Buy — Shares slid 7.4% after Best Buy posted third-quarter results that missed analyst expectations and cut its full-year sales forecast. Adjusted earnings of $1.26 per share came in below the $1.29 per-share earnings expected by analysts polled by LSEG. Fluence reported $1.23 billion in revenue for the quarter, below the $1.28 billion expected by analysts, according to FactSet.

Persons: Fitch, Kohl's, LSEG, Donald Trump, Dick's, Rivian, Fluence, Eli Lilly —, Eli Lilly, Biden, Nordisk's Wegovy, Eli Lilly's Zepbound, —, Sarah Min, Sean Conlon, Fred Imbert, Jesse Pound, Michelle Fox Theobald Organizations: Abercrombie, Fitch, Revenue, LSEG, General Motors, Ford, Georgia EV, Energy, Novo Nordisk, drugmakers Novo Nordisk, Nordisk's Locations: LSEG ., China, Mexico, Canada, Georgia

☆ Disney agrees to pay $43 million to settle lawsuit alleging it paid men more than women
▼ + stars: | 2024-11-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Disney has agreed to pay $43 million to settle a lawsuit that it paid female employees less than their male counterparts in similar roles for nearly a decade. The settlement agreement, reached Monday, stems from a 2019 lawsuit filed by LaRonda Rasmussen. “I strongly commend Ms. Rasmussen and the women who brought this discrimination suit against Disney, one of the largest entertainment companies in the world. They risked their careers to raise pay disparity at Disney,” Lori Andrus, a partner at Andrus Anderson, said in a statement. The plaintiffs accused Disney of paying female employees less than their male counterparts when they started at the company because their pay was lower at previous companies.

Persons: New York CNN —, LaRonda Rasmussen, ”, “, Rasmussen, ” Lori Andrus, Andrus Anderson, Disney Organizations: New, New York CNN, New York CNN — Disney, Disney, CNN, Wall Street Journal Locations: New York, California

☆ Barclays lifts price target on S&P 500 to 6,600, sees index rallying 10% in 2025
▼ + stars: | 2024-11-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Barclays sees more upside in store for the broad market in 2025. Equity strategist Venu Krishna lifted the firm's price target on the S & P 500 to 6,600 from 6,500, citing expectations for U.S. technology "exceptionalism" and a "virtuous cycle between income and consumption." .SPX YTD mountain Shares this year The new target from the firm reflects 10% upside from Monday's close and 10% upside from the firm's revised 6,000 current year-end price target. The S & P 500 has surged 25.5% since the start of the year. The firm also lifted its earnings per share estimates for the index to $271 from $268, suggesting nearly 12% year-over-year growth.

Persons: Venu Krishna, Krishna Organizations: Barclays, Big Tech

☆ Abercrombie expects a strong holiday quarter as growth run continues
▼ + stars: | 2024-11-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

The apparel company issued strong holiday guidance on Tuesday after posting its sixth straight quarter of double-digit sales growth and another quarter of results that topped expectations. For the all-important holiday shopping quarter, Abercrombie is expecting sales growth of 5% to 7%, ahead of the 4.8% growth that analysts had expected, according to LSEG. That new outlook is higher than the 12.1% growth analysts had expected, according to LSEG. The Abercrombie and Hollister brands posted comparable sales growth of 11% and 21%, respectively. Horowitz noted the strong performances lapped growth of 26% for Abercrombie and 7% for Hollister last year.

Persons: Fitch isn't, Mike Jeffries, Abercrombie, Fran Horowitz, Horowitz, Hollister, it's, It's, Donald Trump's, –, bullishness Organizations: Abercrombie, Fitch, LSEG, NFL, Hollister, Black, Dick's Locations: Manhattan, New York City, Americas

☆ Amgen says obesity drug caused up to 20% weight loss after a year, with no plateau
▼ + stars: | 2024-11-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Amgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a year in a critical mid-stage trial, as the company races to join the booming obesity drug market. The drug, MariTide, also helped patients with obesity and Type 2 diabetes lose up to 17% of their weight after a year. The company said it did not observe a plateau in either group of patients, which indicates the potential for further weight loss beyond 52 weeks. That could boost Amgen's odds of winning a slice of the weight loss drug market, which some analysts forecast could be worth $150 billion a year by the early 2030s. That's unlike Eli Lilly's obesity drug, Zepbound, which activates both GIP and GLP-1.

Persons: Amgen, MariTide, Eli Lilly, Robert Bradway, Jay Bradner, Nordisk's Wegovy, Eli Lilly's Zepbound, Zepbound, Eli, Wegovy, Bradner Organizations: Novo Nordisk, Nordisk's Locations: Amgen, Thousand Oaks , California

The developers would only need to reveal the training material that is “sufficient to identify with certainty” whether the copyright holder’s works were used. Failing to comply would create a legal assumption — until proven otherwise — that the AI developer did indeed use the copyrighted work. Sen. Peter Welch, D-Vt., who introduced the bill Thursday, said the country must “set a higher standard for transparency” as AI continues to integrate itself into Americans’ lives. “We need to give America’s musicians, artists, and creators a tool to find out when A.I. Companies that rely on human creative labor have tried to take on AI developers as well.

Persons: Sen, Peter Welch, ’, ” Welch, don’t, Oscar, Julianne Moore, James Patterson, Radiohead’s Thom Yorke —, Welch, Recording Academy — Organizations: Artificial Intelligence Networks, New York Times, Street Journal, Screen, American Federation of Television, Radio Artists, American Federation of Musicians, Recording Academy, Universal Music Group, Warner Music Group, Sony Music Locations: deepfakes, California

☆ The auto industry is pulling back on its 'capital junkie' tendencies after unprecedented spending on EVs, self-driving
▼ + stars: | 2024-11-25 | by ( Michael Wayland | ) www.nbcnews.com time to read: +12 min

It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. Capital junkieThe latest cost-cutting cycle comes nearly a decade after an infamous Wall Street presentation by late-Fiat Chrysler CEO Sergio Marchionne called “Confessions of a Capital Junkie.” The April 2015 report highlighted the industry’s massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. That’s shareholder money.”Most capital spending by automakers isn’t wasted, but the industry isn’t as efficient as other sectors, with minimal return on invested capital. While losing ground in China, GM has been among the most aggressive in spending on EVs and self-driving vehicles. GM and Hyundai this summer entered into an agreement to explore “future collaboration across key strategic areas” in an effort to reduce capital spending and increase efficiencies.

Persons: ” that’s, bender, ” Morgan Stanley, Adam Jonas, It’s, Sergio Marchionne, Marchionne, ” Jonas, Sergio, Joe Hinrichs, ”, Hinrichs, isn’t, “ We’ve, Rebecca Evans, Roland Berger, “, Ford, Peter Rawlinson, “ We’re, Oliver Blume, ” Blume, Paul Jacobson, ” Jacobson, Rivian, ” Marchionne, don’t, codevelop, Stellantis, —, Carlos Tavares, Bernstein, Daniel Roeska, Tavares, ” Tavares Organizations: DETROIT, General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Rivian Automotive, Hyundai Motor, Toyota, CSX, ”, Rehab, Nissan, EV, CNBC, VW, Reuters, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, PSA, “ Locations: Detroit, Japan, Germany, That’s, Europe, China, U.S, North America

☆ Starbucks baristas can't view their schedules after ransomware attack on vendor
▼ + stars: | 2024-11-25 | by ( Amelia Lucas | ) www.nbcnews.com time to read: +1 min

A ransomware attack on one of Starbucks’ software vendors has disrupted how the coffee chain’s baristas view and manage their schedules, the company said on Monday. Starbucks said it’s working closely with the vendor to resolve the issue. The outage affects Starbucks’ employee platform that shows baristas their schedules and allows the company to track how many hours employees have worked. The interruption has not affected customers directly, and Starbucks said it’s continuing to serve people in its cafes. As ransomware attacks have surged, 2024 is on track to be one of the worst years on record.

Organizations: Starbucks, Street Journal, National Intelligence

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