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☆ Trump’s Commerce secretary pick backas a crypto company that can’t seem to stay out of trouble
▼ + stars: | 2024-11-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.

Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, “, Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, —, didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, ” Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin

☆ I dropped 80 pounds by changing my diet, walking my dog, and competing with friends over our step count
▼ + stars: | 2024-11-20 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

The flight attendant took action by improving her diet and taking her little dog for long walks. She lost 80 pounds in less than a year and is able to keep up with her energetic, 6-year-old child. I did it by changing my diet and walking my dog more. I only put on 20 pounds during my first pregnancy with my son, Andy, in 2000 and lost it pretty quickly. I no longer took the elevator in the New York subway and went for the stairs.

Persons: Diana Coello, You've, I'd, Andy, Milania, COVID, Kenny, fryer, Dianne, Angie, Bruno, I've Organizations: Netflix, New York, Business Locations: New York City, chihuahua

☆ Delta takes a jab at Spirit and says it soon expects more profit from premium seats than economy
▼ + stars: | 2024-11-20 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

As such, premium seats — currently about 30% of Delta's inventory — will be a majority focus of any added capacity next year. Delta is doubling down on premium seatsDelta's premium cabins, including premium-economy upgrades, Delta One business class, and domestic first class, have long been profit drivers. Delta said its Airbus A350-1000 aircraft will be introduced with about 50% premium seats, for example, while the airline plans to add lie-flat business class to A321neo jets. AdvertisementThis all comes after Delta had higher-than-expected earnings in the third quarter, largely anchored by premium seats, even though it was dinged by a costly CrowdStrike outage. From July through September, Delta generated $5.3 billion in premium revenue compared to $6.3 billion for the economy cabin despite premium taking up less cabin real estate.

Persons: Glen Hauenstein, Hauenstein, Scott Kirby, David Neeleman, They've, Ed Bastian, Donald Trump, Delta, didn't Organizations: Lines, Delta Air Lines, Wednesday, Delta, Spirit Airlines, United Airlines, Breeze Airways, Biden, Airbus, Boeing Locations: Atlanta

☆ Carson Block is shorting cosmetics company E.L.F. Beauty, saying it's a 'revenue and investor mystery'
▼ + stars: | 2024-11-20 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

AdvertisementSpeaking at the Sohn conference in London, Muddy Waters founder Carson Block said he was short E.L.F Beauty. Notorious short-seller Carson Block has a new target: discount cosmetics company E.L.F. AdvertisementUsing import data and referencing conversations the Muddy Waters founder and his team had with E.L.F. "Its reported inventory also appears materially inflated as a result — i.e., to account for cash that has not really come in." AdvertisementBlock and his firm, Muddy Waters, have been a thorn in the side of plenty of companies, big and small.

Persons: Muddy, Carson Block, E.L.F, Block, Muddy Waters, Block's, Blackstone Organizations: Sohn, Muddy Waters, Sohn Conference Locations: London, California, Muddy, China

☆ Brewing worker resentment could fuel a 2025 quitting spree
▼ + stars: | 2024-11-20 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

The job market could be poised for a fresh wave of people quitting, according to a new Glassdoor report. Employees' satisfaction in their career opportunities has been on the decline since 2022 after people settled into new roles following the post-pandemic hiring boom known as the Great Resignation. "People don't feel like the job market is working for them right now, even if you hear economists and policymakers talk about how strong and resilient the job market is," Glassdoor senior economist Daniel Zhao tells CNBC Make It. "The desire [to quit] is there, but the opportunities aren't," Zhao says. For example, some sectors, like housing, real estate and tech, could be buoyed by the Federal Reserve's interest rate cuts, Zhao says.

Persons: Daniel Zhao, Zhao, Terry Petzold, Donald Trump Organizations: CNBC, Fox Search, White

☆ If you have 1 key skill, you're mentally stronger than most—and in today's world, mental strength is 'a must-have'
▼ + stars: | 2024-11-20 | by ( Scott Mautz | In Scottmautz | ) www.cnbc.com time to read: +5 min

A key opportunity lies in everyday scenarios that often go wrong, eroding your mental strength versus building it up. Don't underestimate the negative impact that landing in the "poorly" column here can have on your life and career. "Bad" events, emotions, information, and feedback are more influential than "good" ones, research shows. Events involving negative emotions, for example, are four times more likely to be remembered than those involving positive emotions. If the person offering feedback truly wants you to get better, and you do too, you can work toward that goal together.

Persons: Albert Williams, It's

☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

☆ I'm a professional baker. I tried 10 desserts from Whole Foods' bakery section, and there are 4 I'd buy again.
▼ + stars: | 2024-11-20 | by ( Molly Allen | ) www.businessinsider.com time to read: +1 min

AdvertisementI'm a professional baker and I tried 10 desserts from Whole Foods' bakery section. The brownies and macarons were disappointing for me and the berry Chantilly cake was just OK. Its cult-favorite berry Chantilly cake even recently went viral when the chain tried to change its recipe. AdvertisementBut just how good are Whole Foods' desserts, really? As a professional baker, recipe developer, and former bakery owner, I always prefer home-baked desserts, but I recognize that sometimes you need a quick fix or an easy pick-up-and-go treat for a special occasion.

Persons: macarons Organizations: Foods

☆ Social Security beneficiaries to soon receive notices revealing the size of their 2025 benefit checks
▼ + stars: | 2024-11-20 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Westend61 | GettyA new 2.5% cost-of-living adjustmentIn 2025, retirement benefits will increase by about $50 per month, on average, according to the Social Security Administration. Medicare Part B premiums are often deducted directly from Social Security checks. Beneficiaries can also request to have Medicare Advantage or Part D premiums deducted from Social Security benefit payments, according to Mary Johnson, an independent Social Security and Medicare analyst. Income changes may prompt higher taxesSocial Security beneficiaries may request to have withholding for federal taxes deducted from their benefit payments. Social Security benefits are taxed on a formula called combined income — the sum of adjusted gross income, nontaxable interest and half of Social Security benefits.

Persons: Joe Elsasser, Mary Johnson, Jim Blair, Brian Vosberg Organizations: Getty, Social Security Administration, Social Security, Medicare, Centers, Services, Social, Premier Social Security Consulting, Security, Vosberg Wealth Management Locations: Glendora , California

☆ Chief transformation officers join the C-suite to drive innovation at speed
▼ + stars: | 2024-11-20 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +7 min

As companies across the US confront complex challenges that require overhauling strategies, reimagining business models, and adapting workforce dynamics, many are appointing chief transformation officers to drive these changes. The core figures, including the CEO, the chief operating officer, and the chief financial officer, focus on delivering quarterly results. Being a chief transformation officer, Jesuthasan said, is akin to "building the train while you're driving it down the tracks." AdvertisementBrandon Batt, the chief transformation officer at Quadient, a company focused on digital transformation, knows this all too well. Kinney recently wound down her role as chief transformation officer at Wex.

Persons: Kristy Kinney, Kinney's, Kinney, Alicia Pittman, Pittman, Ravin, Mercer, Jesuthasan, They're, Brandon Batt, Batt, Chengyi Lin, Lin, it's, Gartner Organizations: Boston Consulting Group, Boston Consulting, Organization Locations: Portland , Maine

☆ This is the best stock to play an SEC turning pro-crypto, according to Bernstein
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

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

☆ Analysis: US embassy’s temporary closure in Kyiv reflects a starkly escalating war in Ukraine
▼ + stars: | 2024-11-20 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +4 min

Kyiv, Ukraine CNN —It is a very specific and high-profile warning, so you would expect the information behind it to have been quite precise. The US Embassy in Kyiv has not closed since it relocated during the opening months of Russia’s invasion of Ukraine in 2022. But on Wednesday, it announced a one-day closure, citing “specific information of a potential significant air attack.” Kyiv endures air attacks on an almost nightly basis – but the US step suggested a fear of being potentially targeted. Ukrainian defense officials even derided a fake warning circulated widely on Telegram claiming a massive Russian air attack, as being crude Russian-produced misinformation. Residents in Kyiv struggled to reconcile the specific nature of the US warnings, with the quotidian daily threat they face.

Persons: Volodymyr Zelensky, Mykhailo Podolyak, ”, Anya, “, Tanya Dzafarowa, Donald Trump, Putin Organizations: Ukraine CNN, 1001st, CNN, Residents, US, Kremlin, NATO Locations: Kyiv, Ukraine, Spanish, Moscow, Russia, Krivyh, AFP, —

☆ Comcast's cable network spinoff may be a signal to the media industry for necessary change
▼ + stars: | 2024-11-20 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +3 min

Cable networks are still profitable, but they're hemorrhaging subscribers and revenue every year as Americans cancel traditional pay TV for streaming services. Still, Disney's cable networks, including FX and Disney Channel, are more integrated with its streaming platforms than NBCUniversal's cable networks are with Peacock, the company's subscription streaming service. That may ultimately be where cable networks are heading — to private ownership willing to harvest them for cash. Another possible path for the spinoff is as a rollup entity for other cable networks. Discovery's debt and its cable networks.

Persons: It's, Peacock, Mark Lazarus Organizations: Comcast, Investors, Cable, Disney, FX, Disney Channel, SpinCo's, CNBC, MSNBC, Warner Bros, Paramount Global Locations: Peacock

☆ Georgia election workers defamed by Rudy Giuliani ask judge to hold him in contempt in new legal threat
▼ + stars: | 2024-11-20 | by ( Katelyn | ) edition.cnn.com time to read: +4 min

CNN —Two Georgia election workers who won a massive verdict against Rudy Giuliani because he defamed them after the 2020 election are asking a federal judge to hold him in contempt of court. The pair, Ruby Freeman and Shaye Moss, say Trump continues to repeat harmful lies about them on his nightly broadcast, in defiance of court orders. Accordingly, the Court should hold him in contempt and enter civil contempt sanctions,” Freeman and Moss’ lawyers wrote to Judge Beryl Howell in the DC District Court. Howell presided over the trial where a jury found Giuliani defamed Freeman and Moss so severely that he should pay them $150 million. He has already lost his law license because of his work for the Trump campaign in 2020, which included his efforts in Georgia.

Persons: Rudy Giuliani, Donald Trump, Ruby Freeman, Shaye Moss, Trump, “, Rudolph W, Giuliani, ” Freeman, Moss, Beryl Howell, ”, Joseph R, We’re, That’s, ” Cammarata, Howell, Freeman, Anderson Cooper, Jeffrey Toobin, CNN’s Max Rego, Emily Condon Organizations: CNN, DC, Court, Trump, Wednesday, Giuliani, ” Locations: Georgia, Manhattan, United States, Washington , DC, York, Florida

☆ Delta CEO says Trump administration's approach to regulation could be 'breath of fresh air'
▼ + stars: | 2024-11-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Delta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of fresh air." Speaking to reporters ahead of Delta's investor day, Bastian noted that President-elect Donald Trump campaigned saying he would take a "fresh look" at regulation and bureaucracy. "We have to invest in this industry," American Airlines CEO Robert Isom said at the Skift Aviation Forum in Dallas last week. In an interview last week, Sun Country Airlines CEO Jude Bricker said: "We just need stability and resources at the DOT." Industry members and analysts also expect the incoming administration to be more open to mergers and consolidation.

Persons: Ed Bastian, Bastian, Donald Trump, Pete Buttigieg, Trump, Sean Duffy, Duffy didn't, Robert Isom, Jude Bricker, Joe Biden's Organizations: Delta Air Lines Inc, Delta Air, Trump, U.S . Department of Transportation, Delta, Fox Business, U.S, Federal Aviation Administration, American Airlines, Skift Aviation, Sun Country Airlines, Industry, Alaska Airlines, Hawaiian Airlines, Biden's Justice, Spirit Airlines, JetBlue Airways, JetBlue Locations: New York, Dallas, U.S

☆ Russia's top central banker says the country's economy is at a 'turning point'
▼ + stars: | 2024-11-20 | by ( Meghan Morris | Huileng Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementRussia's central bank has been hiking its key interest rate to combat inflation. Business leaders have slammed Russia's increasing interest rate, saying it restricted their growth. Russia's top central banker, Elvira Nabiullina, told the government yesterday that the country is approaching a "turning point" for inflation and interest rates, Moscow-based RBC Group reported. Last month, to tame prices, Russia's central bank hiked its key interest rate to a record high of 21%. He also downgraded Russia's fixed capital investment growth from 1.9% to 1%, blaming the central bank's key rate.

Persons: Elvira Nabiullina, Nabiullina, Andrei Klepach, Alexander Shokhin Organizations: Business, RBC Group, State Duma, Industrialists Locations: Moscow, Ukraine, Russia, Russian Union

☆ This lithium stock is an under-the-radar turnaround story, according to the charts
▼ + stars: | 2024-11-20 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

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

☆ ‘Manifest’ named word of the year by Cambridge Dictionary
▼ + stars: | 2024-11-20 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Cambridge Dictionary has put it out to the universe, naming “manifest” as its word of the year for 2024. “That in a way is setting that idea, that intention in the back of my mind,” she added. Taken from Latin and French, in English the word “manifest” originally meant “easily noticed or obvious” before it started to be used as a verb meaning “to show something clearly.”In the early 20th century it started to be used to mean “to make something happen by internalizing it, intentionally or unintentionally,” according to Cambridge Dictionary. “In 2024, the word manifest jumped from being mainly used in the self-help community and on social media to being mentioned widely across mainstream media,” it wrote. Earlier this month, Collins Dictionary named “brat” its word of the year, defining it as someone “characterized by a confident, independent, and hedonistic attitude.”

Persons: Dua, Lipa, ”, ’ ” Lipa, Simone Biles, “, Wendalyn Nichols, Nichols, Charli, Collins Organizations: CNN, Cambridge, Glastonbury, Cambridge Dictionary Locations: Glastonbury, ’, lookups

☆ Hurricanes are being turbocharged by climate change. This season is proof
▼ + stars: | 2024-11-20 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —Record-breaking ocean temperatures, fueled by planet-warming pollution, have turbocharged dozens of Atlantic hurricanes over the last few years, making them more potent and dangerous by increasing their wind speeds. Every hurricane in the 2024 Atlantic hurricane season was made stronger than it otherwise would have been without human-caused climate change, according to analysis from nonprofit climate research group Climate Central. Wind speeds of the 11 hurricanes were increased by 9 to 28 mph by water that was up to 2.5 degrees Fahrenheit warmer because of climate change. Nine of this season’s 11 hurricanes rapidly intensified and climbed up the hurricane category scale due to climate change-driven ocean heat. Climate Central researchers also found that human-caused climate change made exceptionally warm ocean temperatures that fueled Milton’s explosion 400 to 800 times more likely.

Persons: ”, Daniel Gilford, Hurricane Milton, Milton wouldn’t, Chandan Khanna, Debby, Oscar, Jim Kossin, Kossin, he’s Organizations: CNN, Climate, Climate Central, Simpson, National Oceanic, Atmospheric Administration, Water, Hurricanes, Hurricane, National Hurricane Center . Climate, Getty, NOAA Locations: Gulf of Mexico, Hurricane, Siesta Key, Florida

☆ I'm the CEO of an American-made electronics manufacturer. Here's how I'm preparing for new tariffs.
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Karla Trotman, President and CEO of Electro Soft Inc., a US specialty electronics manufacturer in Pennsylvania. My dad and I worked together, and in 2020, I bought them out, so now I'm the owner, president, and CEO. We're still feeling the reverberation from the last round of tariffs, so they never really went away in our industry. Tariff proponents seem to think that enforcing them will cause stateside manufacturing to somehow jump up and be prosperous, but it doesn't really work that way. We really need to understand where our partners are headed so we can flex to meet whatever demand is going to come down the pike.

Persons: Donald Trump's, Karla Trotman, We're, Trump, I'm, we're Organizations: Electro Soft Inc, Ikea, Southeastern Pennsylvania Manufacturing Alliance Locations: Pennsylvania, Asia, Taiwan, China

☆ Could Trump reinstate the student debt that Biden forgave? Here's what experts say
▼ + stars: | 2024-11-20 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Under Trump, the U.S. Department of Education is likely to abandon its efforts to deliver wide-scale student loan relief , experts say. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems, including the Public Service Loan Forgiveness initiative and income-driven repayment plans. In June, U.S. District Judge Daniel Crabtree in Wichita, Kansas, described student loan forgiveness as having an "irreversible impact," in his decision to block one of the Biden administration's relief measures. For example, in February, some borrowers saw their debts reinstated under the Public Service Loan Forgiveness program. In a new report, the Consumer Financial Protection Bureau cites, among the errors reported by student loan borrowers, "balance reinstatements," in which a loan servicer tacks a loan balance back on to one's account.

Persons: I've, Trump, Mark Kantrowitz, who've, Joe Biden, Betsy Mayotte, Daniel Crabtree, Biden, aren't, Kantrowitz, they've, tacks Organizations: Trump, U.S . Department of Education, Education Department, Public, The, Student Loan Advisors, District, Finance, Black, College Investor, Consumer Financial, Bureau Locations: U.S, Wichita , Kansas

☆ Matthew McConaughey talks relocating to Texas to escape being the ‘rom-com dude’
▼ + stars: | 2024-11-20 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

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

If the Fed doesn't cut rates in December, we may see mortgage rates inch up. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.

Persons: Jerome Powell, It's, they've, Freddie Mac, Fannie Mae Organizations: Federal Reserve, Fed, Mortgage Research, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Marc Rowan is the visionary behind Apollo's private-credit boom. Here's what happens if he leaves for the Trump White House.
▼ + stars: | 2024-11-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Representatives for Apollo didn't return a request for comment on Rowan's plans or the firm's succession plans. Rowan is Apollo's second CEO since the firm was founded in 1990. In a presentation to investors in October, Rowan unveiled plans to double down on the firm's lending business.

Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowkski, Marc, Kotowski, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Zelter, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Citigroup, Athene, Trump Locations: Athene USA

☆ 'Messy quarter' for Target, margin headwinds may continue, says Bernstein's Zhihan Ma
▼ + 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 Email'Messy quarter' for Target, margin headwinds may continue, says Bernstein's Zhihan MaZhihan Ma, Bernstein analyst, joins CNBC's 'Money Movers' to discuss how concerned investors should be about Target's earnings miss, whether the company should change their mix of food and retail, and more.

Persons: Bernstein's, Ma Zhihan Ma, Bernstein Organizations: Target

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