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☆ Celebrity lookalike contests are taking over the internet. But they aren’t new
▼ + stars: | 2024-11-25 | by ( Leah Dolan | ) edition.cnn.com time to read: +9 min

It feels all the more fitting then, that amid today’s geopolitical conflicts, increasing climate catastrophes and economic uncertainties, we’re seemingly hooked on celebrity lookalike contests. But the idea of a lookalike contest is in fact a time-honored form of entertainment. Nine girls in a Fox Films and Daily Telegraph Shirley Temple lookalike contest in Sydney, Australia, October 1934. For the last 40 years, a bar in Key West, Florida has been staging an annual Ernest Hemmingway lookalike competition. Humanity isn’t fixed.”Oscar Journeaux won the Harry Styles lookalike competition on November 9 in London.

Persons: Timothée Chalamet, jostle, YouTuber Anthony Po, Oscar, ” Reed Putman, ”, Paul Mescal, Harry Styles lookalikes, Matthew Chattle, Max Braunstein, Glen Powell, Mikala Compton, Harry Styles, Dev Patel’s doppelgänger, Zayn Malik’s, Jeremy Allen White, White, Carmy, —, White’s, Daily Telegraph Shirley Temple, Charlie Chaplin, Dolly Parton, Shirley Temple, femme, Myrna Loy, Alice Faye, Katharine Hepburn, Ernest Hemmingway, Ellis Cashmore, “, Oscar Journeaux, Leon Neal, Angie Huntley, Jim Wilkes, Cashmore, ” Andy Harmer, David Beckham, Lookalikes, it’s, ” Harmer, Beckham, Victoria Beckham, Andy Harmer, Camilla Shadbolt, David, Fiona Hanson, Denise Ohnona, Kate Moss, Ohnona, Stephane Cardinale, Corbis, Manel Esteller, Harmer, Vetements, “ She’s, You’re, ” Miles Mitchell, Stefan Jeremiah, lookalikes Organizations: CNN, Washington, “, Gaelic Athletic Association, American, Statesman, USA, Marlboro Reds, Fox Films, Daily Telegraph, Mitchell Library, State Library of New, Cleveland Food, Toronto Star, Argentina, University of Barcelona’s School of Medicine, Cell, Paris Fashion Locations: Ireland, London, Austin , Texas, San Francisco, New York, Chicago, “ The, Oakland , California, Sydney, Australia, State Library of New South Wales, Hollywood, Santa Monica, Cleveland, Key West , Florida, British, Toronto, Canada, Victoria, Lancashire

☆ Warren Buffett just updated his will—you can learn from it, 'whatever your level of wealth,' says estate planning expert
▼ + stars: | 2024-11-25 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

Throughout his sparkling career as an investor, Berkshire Hathaway chairman Warren Buffett has become a leading role model for those looking to accumulate wealth. Buffett shared new details of his estate plan in a letter published on Monday, elaborating on how he intends to transfer the vast majority of his fortune to philanthropic causes. "As a general matter, if you do not have an estate plan, the state will provide one," Reynoso says. To avoid confusion — and to keep your loved ones out of a lengthy and expensive legal process — you'd be wise to put together a basic estate plan. How to estate plan like Buffett

Persons: Warren Buffett, Buffett, he's, I'm, hadn't, it's, Jose Reynoso, Reynoso, Powers Organizations: Berkshire Hathaway, Wall Street, Private Wealth, Buffett Locations: Berkshire

☆ Macy’s found a single employee hid up to $154 million worth of expenses
▼ + stars: | 2024-11-25 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday. The company recently discovered that the unnamed employee intentionally hid as much as $154 million in expenses over the course of nearly three years, prompting the retailer to conduct an independent forensic accounting investigation. The employee, whom Macy’s said is no longer with the company, “intentionally made erroneous accounting accrual entries” to hide small package delivery expenses. Macy’s did not say why the employee hid the expenses. “At Macy’s, Inc., we promote a culture of ethical conduct,” said Macy’s CEO Tony Spring said in a statement.

Persons: New York CNN — Macy’s, Macy’s, “, ”, Tony Spring, ” Macy’s Organizations: New, New York CNN, Inc Locations: New York, Macy’s

☆ RBC sees the S&P 500 rising to 6,600 in 2025, but expects a 5%-10% correction near term
▼ + stars: | 2024-11-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500's rise to fresh heights in the new year will not be in a straight line, according to RBC Capital Markets. Strategist Lori Calvasina issued a year-end 2025 target for the broad market index of 6,600. The S & P 500 has rallied 3.2% since Donald Trump secured a second presidential term, raising expectations of lower taxes and deregulation. To be sure, Calvasina thinks there will be 5%-10% correction in the near term before equities resume their march to all-time highs. Last week, Goldman Sachs set a 6,500 target for the S & P 500, while BMO issued a forecast for the benchmark index to surge all the way to 6,700 .

Persons: Lori Calvasina, Donald Trump, Calvasina, Goldman Sachs, Bernstein Organizations: RBC Capital Markets, Health, BMO Locations: Friday's, Bitcoin

☆ Saquon Barkley’s career night propels Eagles past Rams: Key takeaways
▼ + stars: | 2024-11-25 | by ( The Athletic Nfl Staff | ) www.nytimes.com time to read: +7 min

SAQUON BARKLEY IS UNREAL 💥 This run gives him 255 rushing yards, surpassing his previous single-game rushing high of 189 yards. Barkley’s 70-yard touchdown run on the first play of the second half gave the Eagles a two-score lead the Rams never overcame. His 72-yard touchdown run set the final score. @saquon | #FlyEaglesFly pic.twitter.com/0h0Whzyn49 — Philadelphia Eagles (@Eagles) November 25, 2024Too many mistakes, too much BarkleyIt’s tough for a team to climb out of a hole of its own making, and the Rams dug themselves deep on Sunday night. pic.twitter.com/aJHYbotT2J — Philadelphia Eagles (@Eagles) November 25, 2024Philadelphia’s success is overpowering mistakesSirianni is managing one of the hottest teams in the NFL.

Persons: Jourdan Rodrigue, Brooks Kubena, Zach Powell, Saquon Barkley, Barkley, SAQUON BARKLEY Organizations: Zach Powell Philadelphia Eagles, Los Angeles Rams, Rams, Sunday, Los Angeles, Eagles, OU Locations: Philadelphia, Los, 8 y

☆ State Farm signs JuJu Watkins and increases investment in women's sports
▼ + stars: | 2024-11-25 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women's sports. State Farm is furthering its investment in women's sports with two new deals. State Farm will kick off the NIL partnership with Watkins starring as a "new neighbor" in a co-branded ad spot with mascot/spokesman Jake from State Farm. State Farm's investments in women's sports now include the National Women's Soccer League, the Women's National Basketball Association, National Collegiate Athletics Association basketball regular season and women's Olympic basketball and volleyball. State Farm saw an additional 28% boost in effectiveness when the spots aired during her Iowa Hawkeyes games.

Persons: JuJu Watkins, Kristyn Cook, Watkins, Jake, they've, Caitlin Clark, Sue Bird, Cook, Clark Organizations: USC, Farm's, Farm, University of Southern, State, National Women's Soccer League, National Basketball Association, National Collegiate Athletics Association, WNBA, EDO, Iowa Hawkeyes Locations: Watkins, University of Southern California

☆ Vaping immediately affects vascular health and oxygen levels, study shows, even without nicotine
▼ + stars: | 2024-11-25 | by ( Jen Christensen | ) edition.cnn.com time to read: +6 min

CNN —Vaping has an immediate effect on how well the user’s blood vessels work, even if the e-cigarette doesn’t contain nicotine, according to new research. But scientists say these results may mean that vaping regularly could lead to vascular disease down the road. “Even if there was no nicotine in the e-cigarette, there could be other components that may be harmful,” Nabbout said. Compared with the nonsmokers and cigarette smokers, the people who used vapes with nicotine had the most significant reduction in vascular function. If vaping is significantly affecting someone’s vascular health, e-cigarette users could then see increased heart attacks, strokes or blood flow issues, Rizzo said.

Persons: CNN — Vaping, Chicago –, ”, Marianne Nabbout, ” Nabbout, Nabbout, Albert Rizzo, Rizzo, Dr, Sanjay Gupta, “, ” Rizzo Organizations: CNN, Radiological Society of North, University of Arkansas, Medical Sciences, University of Pennsylvania, US Food and Drug Administration, FDA, American Lung Association, CNN Health, Research, Lung Association Locations: Radiological Society of North America, Chicago, Little Rock, United States

☆ Romania: Far-right populist Calin Georgescu leads presidential election runoff with most votes
▼ + stars: | 2024-11-25 | by ( Kathy Rose Obrien | Story Associated Press | ) edition.cnn.com time to read: +3 min

Calin Georgescu, who ran independently, will face off against reformist Elena Lasconi in a runoff in two weeks. Georgescu, 62, was ahead after nearly all ballots were counted with around 22.95% of the vote. Lasconi of the progressive Save Romania Union party, or USR, followed with 19.17%. Georgescu, 62, won 43.3% of the vote in Romania’s large diaspora, compared to Lasconi who got 26.8%. Romania will also hold parliamentary elections on Dec. 1 that will determine the country’s next government and prime minister.

Persons: Calin Georgescu, Elena Lasconi, Georgescu, Marcel Ciolacu, George Simion, Lasconi Organizations: Romania Union, Social Democratic Party, Alliance, Unity, PSD, Bureau, European Union, NATO, Facebook, Romania, United Nations Environment, Associated Press Locations: Romania’s, pedology, Romania, Ukraine

In one instance he requested as much as $100,000 per month in exchange for his services, according to sources familiar with the matter. As of Monday afternoon, it does not appear the transition team will heed that recommendation. “I am honored to work for President Trump and with his team,” Epshteyn said in a statement to CNN. Trump’s legal team was investigating several other similar alleged incidents, according to sources familiar with the situation. “Boris is a Trump original—loyal and effective from the very beginning,” a Trump transition official told CNN.

Persons: Donald Trump, Boris Epshteyn, Trump, Epshteyn, “, ” Epshteyn, ”, elect’s, Boris, ” Trump, Steven Cheung, Scott Bessent, Bessent, Jonathan Drake, Susie Wiles, you’re, ’, “ He’s, “ Boris, President Trump, Matt Gaetz, Donald Trump's, Nathan Howard, Matt Gaetz’s, Gaetz, Elon Musk, Brandon Bell Organizations: CNN, Trump, Trump Make, Mar, Reuters, White, Gaetz, Department of Justice, Florida Rep, SpaceX, Georgetown Advisory Locations: Lago, Palm Beach , Florida, Epshteyn, Asheville , North Carolina, Washington, Washington ,, Florida, Brownsville , Texas, Georgetown, New York, Georgia, Arizona

☆ Stocks making the biggest moves premarket: Robinhoood, Bath & Body Works, MicroStrategy, Macy's and more
▼ + stars: | 2024-11-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Bath & Body Works — Shares popped 16% after third-quarter earnings edged out Wall Street forecasts. Robinhood — Shares of the brokerage firm rose more than 7% after Morgan Stanley upgraded the stock to overweight from equal weight. Macy's — Shares of the retailer fell 3% after Macy's said it was delaying its official third-quarter results due to discovering that an employee had intentionally made incorrect accounting entries to hide delivery expenses. Abercrombie & Fitch — Shares rose 3% ahead of its third-quarter earnings expected Tuesday before the bell. Arm Holdings — Shares rose more than 1% after UBS initiated coverage of the chipmaker with a buy rating, citing upside from artificial intelligence demand.

Persons: LSEG, Morgan Stanley, Macy's, Oppenheimer, Bernstein, Sally Beauty, Cowen, Oliver Chen, —, Jesse Pound, Alex Harring, Michelle Fox, Samantha Subin, Pia Singh Organizations: Abercrombie, Fitch, FactSet, —, Sally Beauty Holdings, Santander —, UBS Locations: Hollister

View at Kiehl's What we like Check mark icon A check mark. Hydrating and nourishingCheck mark icon A check mark. View at Sephora View at Kiehl's What we like Check mark icon A check mark. A solution for uneven textureCheck mark icon A check mark. View at Nordstrom View at Kiehl's What we like Check mark icon A check mark.

Persons: TK Organizations: Business, Kiehl's Locations: Nordstrom

Six travelers have died from suspected methanol poisoning after visiting the tourist town of Vang Vieng, Laos, this month. A lack of knowledge about methanol poisoning, from the public as well as the medical communities where outbreaks often occur, exacerbates the problem, according to the organization. Where incidents are the highestMost incidents of methanol poisoning occur in Asia, according to Doctors Without Borders. A website by Doctors Without Borders that monitors methanol poisoning says many foreign tourists have fallen victim to methanol poisoning after consuming incorrectly distilled "arak" in Bali, Lombok and Gili Islands. In September, several people were poisoned by methanol in Indonesia after consuming alcohol ordered off the internet, according to the website.

Persons: Colin Ahaern, it's Organizations: Doctors Locations: Vang Vieng, Laos, Australia, Denmark, United Kingdom, United States, New Zealand, Asia, arak, Bali, Lombok, Gili, Indonesia, Iran

☆ YouTube's late CEO wrote a blog post about living with cancer weeks before her death. This was her 'most important lesson.'
▼ + stars: | 2024-11-25 | by ( Ana Altchek | Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

AdvertisementLate YouTube CEO Susan Wojcicki wrote a blog post weeks before her death about her cancer diagnosis. She was diagnosed in late 2022, with non-small cell lung cancer, the most common form of lung cancer. Women, whose highest cause of cancer death is lung cancer (as opposed to breast cancer) might also be unaware of the risk factors. Lung cancer research is underfundedSinghi said Wojcicki's blog post is an important rallying cry. It's "wild" to him that lung cancer is so under-researched, given that it's also the biggest cause of cancer death worldwide.

Persons: Susan Wojcicki, Wojcicki, Katie Williams, Dennis Troper, Larry Page, Sergey Brin, Eric Singhi, Singhi, Lung, it's Organizations: YouTube, Lung Cancer, Cancer, Environmental Defense Fund, American Lung Association

☆ In the US, young and middle-aged women are being diagnosed with lung cancer at higher rates than men
▼ + stars: | 2024-11-25 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +14 min

“Although lung cancer overall is decreasing because of declines in tobacco use, lung cancer among people who have never smoked has been rising significantly,” Wojcicki wrote in a YouTube blog that was posted Monday. A trend has emerged in the United States of more young and middle-age women being diagnosed with lung cancer at higher rates than men. 1 risk factor for lung cancer, many of these young women being diagnosed have never smoked. Although it remains unclear what exactly is driving this rise in lung cancer among young women, Yu has some ideas. Last year, US representatives introduced the Women and Lung Cancer Research and Preventative Services Act, which aims to commission more lung cancer research and would require the US Department of Health and Human Services to conduct an interagency review of the status of lung cancer in women, including identifying new opportunities for screening, diagnosis and treatment.

Persons: Susan Wojcicki, ” Wojcicki, “, ”, ” Mundin, ’, ‘ You’re, Jhalene Mundin, Helena Yu, Kara, Yu, I’m, ” Kara, “ I’m, ” Yu, Mundin, Alexander Drilon, ” Drilon, Drilon, Lung, …, it’s, Dr, Sanjay Gupta Organizations: CNN, YouTube, Memorial Sloan Kettering Cancer Center, Chicago Marathon, “, Lung Cancer Research, US Department of Health, Human Services, National Institutes, CNN Health, American Cancer Society, US Preventive Services Task Force Locations: “, United States, New Jersey, East, Taiwan

☆ Barbara Taylor Bradford, million-selling novelist known for ‘A Woman of Substance,’ has died at 91
▼ + stars: | 2024-11-25 | by ( Story The Associated Press | ) edition.cnn.com time to read: +5 min

Her books were published in 40 languages and sold more than 90 million copies around the world. Bradford was married for 56 years to German-born film producer Robert Bradford, who died in 2019. By age 16, she left school against her parents’ wishes to become a reporter for the Yorkshire Evening Post. As a young woman, Emma became pregnant by a man who refused to marry her and gave birth to a daughter. Around the same time, she met a fellow journalist at the Yorkshire Evening Post.

Persons: Barbara Taylor Bradford, ”, Bradford, Queen Elizabeth II, ’, Robert Bradford, Emma Harte, Jenny Seagrove, Emma, Deborah Kerr, ” Bradford, “ Emma, Frederick Oliver Robinson, Marquess, Ripon, ” Seagrove, “, Piers Dudgeon’s “, Uma Thurman, Sean Connery, James Bond, Peter O’Toole, Keith Waterhouse, Sam Spiegel, Lawrence, Keith, ‘, you’d Organizations: York AP, Sunday, Bradford, Will, Yorkshire Evening, Woman’s, London Evening News, Studley Royal, IBM, Guardian Locations: British, New York City, Leeds , West Yorkshire, United States, London, Studley, Yorkshire, Manhattan’s

☆ 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.cnbc.com time to read: +13 min

It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. 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. Most capital spending by automakers isn't wasted, but the industry isn't as efficient as other sectors, with minimal return on invested capital. Stock Chart Icon Stock chart icon Stocks of GM, Ford and Chrysler parent Stellantis in 2024. Courtesy: Business WireGM 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: bender, Morgan Stanley, Adam Jonas, It's, Sergio Marchionne, Marchionne, Sergio Marchionne Brendan McDermid, Jonas, Joe Hinrichs, isn't, We've, Rebecca Evans, Roland Berger, Ford, Peter Rawlinson, Andrew Kelly, Oliver Blume, Blume, Paul Jacobson, Jacobson, Rivian, RJ Scaringe, Mary Barra, Euisun Chung, codevelop, Stellantis, —, Carlos Tavares, Oliver Bunic Organizations: General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Reuters, Rivian Automotive, Hyundai Motor, Toyota, CSX Corp, Rehab, Nissan, CNBC, Lucid Motors, Nasdaq, Churchill Capital Corp, Reuters Volkswagen, VW, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, Stellantis NV, Bloomberg, Getty Locations: Casa Grande , Arizona, Detroit, Japan, Germany, That's, New York City , New York, Europe, China, U.S, Kragujevac, Serbia

☆ ‘DNA Typewriters’ Can Record a Cell’s History
▼ + stars: | 2024-11-25 | by ( Carl Zimmer | ) www.nytimes.com time to read: +1 min

Over time, those lineages of cells grow distinct, giving rise to all the different organs and tissues in the human body and comprising as many as 36 trillion cells. “We really only understand bits and pieces,” said Tanja Stadler, a computational biologist at ETH in Zurich. Dr. Stadler’s lab and others around the world are trying to turn cells into their own historians, as she and her colleagues described in the journal Nature Reviews Genetics on Monday. Their engineered cells can insert distinctive bits of genetic material into their DNA. As the cells divide, those genetic bits turn into distinctive bar codes.

Persons: ”, Alex Schier, “, Tanja Stadler Organizations: University of Basel, ETH Locations: Switzerland, Zurich

Learn moreIf you value savings and style, the Todd Snyder Black Friday sale is certainly one to shop this season. The best Black Friday Todd Snyder dealsTodd Snyder is known for his premium take on classic menswear styles. Best Black Friday men's clothing dealsBest Black Friday women's clothing dealsBlack Friday Todd Snyder FAQsWhen does the sale start and end? Black Friday is one of the best times of year to score savings on refined, versatile menswear from Todd Snyder. Check out our roundup of all of the best Black Friday deals.

Persons: Todd Snyder, knitwear, aren't, Barbour, Todd Snyder's, Todd Synder, We've, Todd Snyder Todd Snyder Organizations: Business, Todd Snyder Irish, Todd Snyder Todd Snyder Luxe, Montauk Polo, luxe Locations: laidback

☆ An options trade on two retailers reporting earnings this Thanksgiving week
▼ + stars: | 2024-11-25 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Whereas Burlington Stores, which appeals to a more brand-conscious and slightly more affluent demographic, sports a price-to-sales of 1.8 and is trading at 36 times forward earnings estimates. According to Placer.ai data, observed customers rose 5% YoY on a 91 trailing-day basis at Burlington and fell 3.2% at Kohl's stores. Kohl's stores implies an eye-watering 11.6% move versus a 10-year average of about 7%. Nevertheless, using "diagonals" as follows has payoff characteristics that are generally similar: Buy KSS Apr. 17 $15 put Sell KSS Nov. 29 $15.50 put Sell KSS Nov. 29 $18.50 call Buy KSS Apr.

Persons: Nordstrom, Kohl's, BURL Organizations: Burlington Stores, New York Fed, Traders, CNBC, NBC UNIVERSAL Locations: Burlington

☆ CEO shares the calendar strategy he uses to be as productive as possible: It's how I optimize the 'best uses of my time'
▼ + stars: | 2024-11-25 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Alex Vetter runs a company that lives largely on the internet, but he manages his monthly schedule offline — with a printed calendar. Vetter doesn't print out his daily calendar, which he keeps digitally and checks on his phone. The assistant also audits Vetter's calendar annually, breaking it down into a pie chart organized by types of time spent, Vetter says. Whole Foods encourages its staff to plan 20-minute meetings instead of 30-minute ones, and 50-minute meetings instead of hourlong ones, Buechel said. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Alex Vetter, Vetter, who's, —, Jason Buechel, Buechel Organizations: Foods, CNBC

☆ Warren Buffett just shared his most detailed plan yet for his fortune when he dies
▼ + stars: | 2024-11-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +10 min

Courtesy of Susie Buffett Laila Buffett poses with her three children -- from left, Roberta, Warren and Doris. Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Daniel Acker/Bloomberg/Getty Images Buffett attends the world premiere of "Becoming Warren Buffett," a documentary about his life, in 2017.

Persons: Washington CNN — Warren Buffett, outlive, ” Buffett, I’ve, ”, Buffett, — Susie, Howard, Peter Buffett, “, “ I’ve, Susan Thompson Buffett, Melinda Gates, Warren Buffett, Nati, Laila, Howard Buffett, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Charlie Munger, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer Organizations: Washington CNN, Berkshire Hathaway, Susan Thompson Buffett Foundation, Melinda Gates Foundation, Bloomberg, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters Locations: Omaha , Nebraska, Omaha, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, New York, AFP, Berkshire, Washington , DC, Illinois, Sun Valley , Idaho

☆ Gold drops over 1% on profit-booking, Trump's Treasury Secretary pick
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +2 min

Gold bar bullions ingot, selective focus, crisis safe haven for investment or reserve for country economics. Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next U.S. Treasury Secretary. Spot gold fell 1.52% to $2,671.29 per ounce as of 0501 GMT, while U.S. gold futures shed 1.5% to $2,672.90. Gold's five-day rally pauses due to some profit-taking and Trump's pick of Scott Bessent as U.S. Treasury Secretary, hinting at tempered use of tariffs and easing U.S.-China trade uncertainty, said IG market strategist Yeap Jun Rong. Less dovish U.S. policy signals and potential inflation surprises could support a December rate hold, slowing rate cut prospects can be seen weighing on gold prices, Rong said.

Persons: Scott Bessent, Yeap Jun Rong, Donald Trump, Rong Organizations: Treasury, Federal, Traders Locations: China, U.S, Israel, Beirut, Tel Aviv

☆ U.S. stock and bond markets love Trump's pick of Bessent for Treasury — here's why
▼ + stars: | 2024-11-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, D.C., June 7, 2024. The U.S. stock market appeared to cheer President-elect Donald Trump's presumptive nominee for Treasury secretary, who told CNBC earlier in November that he sees an era of strong growth and lower inflation ahead. Stock market futures rose and Treasury yields tumbled early Monday following the announcement late Friday that Trump would pick Scott Bessent, a familiar Wall Street figure, to take on his administration's most important economic role. The move sent a message that Trump wants someone with strong market credentials as well as a similar philosophy for the role. In particular, bond yields have scaled higher, with some interpreting the move as anticipating another leg up for inflation while others see it as traders pricing in stronger growth.

Persons: Scott Bessent, Donald Trump's, Trump, Sarah Bianchi, Evercore, Bianchi Organizations: Key, Washington , D.C, CNBC, Stock, Republicans Locations: Washington ,, U.S

☆ Trump says he’ll leave abortion to the states. It won’t be so simple
▼ + stars: | 2024-11-25 | by ( Tierney Sneed | ) edition.cnn.com time to read: +11 min

CNN —Despite his campaign promises to leave the issue to the states, President-elect Donald Trump’s administration will shape the national landscape around abortion and reproductive health. And his administration may also be forced to choose whether to pursue other changes, such as how the abortion drug mifepristone is regulated. “Back in April, President Trump made clear that he thinks abortion policy should be left to the states,” Kniffin said. If the Trump administration seeks to undo those and other agency measures, it could make those lawsuits moot. He says he won’t sign a federal bill on abortion,” said one prominent anti-abortion activist, who asked for anonymity to speak candidly.

Persons: Donald Trump’s, Trump, Roe, Wade, Dobbs, wouldn’t, Donald Trump, Joe Biden, Evan Vucci, he’s reneging, ”, Julia Kaye, Biden, Eric Kniffin, ” Kniffin, “, Evelyn Hockstein, Danco, Roger Severino, Greer Donley, ” Donley, Matthew Kacsmaryk —, Dobbs —, —, Robert F, Kennedy Jr, Kennedy Organizations: CNN, Jackson, Health Organization, Biden, “, Trump’s, Department, White House, DOJ, mifepristone, ACLU, Public Policy Center, GOP, Alamo Women's, Trump Justice Department, Food, Justice, White, Trump, Heritage Foundation, Human Services Department, University, Pittsburgh, Republican, Biden Justice, US Health, Biden Justice Department, Trump DOJ, Circuit, HHS Locations: Dobbs v, reining, Amarillo , Texas, Carbondale , Illinois, Reuters Missouri , Kansas, Idaho, America, Oklahoma, Washington ,

☆ San Francisco Mayor-elect Daniel Lurie taps OpenAI's Sam Altman and other business leaders for help with transition
▼ + stars: | 2024-11-25 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +2 min

San Francisco's Mayor-elect Daniel Lurie has begun tapping tech heavyweights and business leaders to help with his goal of overhauling the city's image. "He wants to put down roots here in San Francisco. The city can't have all its eggs in one basket and needs to expand into other business sectors as well, Lurie said. "We will go recruit companies from all sectors to come back to San Francisco," Lurie said. A fully-staffed police department and 911 dispatch office will be necessary to help bring businesses and workers back to the city, Lurie said.

Persons: Daniel Lurie, Sam Altman, Ned Segal, Lurie, Levi Strauss, I've Organizations: Francisco's Mayor, London, CNBC Locations: San Francisco, Francisco

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