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☆ CNBC Daily Open: November was a month to remember for stocks
▼ + stars: | 2024-12-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' November reignMajor U.S. indexes climbed on Friday, a shortened day of trading, ending the week and the month higher. Second-best month for BitcoinBitcoin celebrated its second-best month of the year so far, jumping 38% for November. [PRO] Eyes on November's jobs reportThis week's major piece of data is November's jobs report, out Friday.

Persons: Stocks, Bitcoin Bitcoin, Donald Trump, Musk, Elon Musk, OpenAI, It'll Organizations: New York Stock Exchange, CNBC, Dow Jones, Reserve Bank of India, OpenAI, Elon, U.S . Federal Locations: New York City, U.S .

☆ Thanksgiving is the best psychology that we could possibly imagine, says Harvard's Arthur Brooks
▼ + 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 EmailThanksgiving is the best psychology that we could possibly imagine, says Harvard's Arthur BrooksArthur Brooks, American Enterprise Institute president emeritus, Harvard University professor and ‘Build The Life You Want’ author, joins 'Squawk Box' to discuss happiness through this holiday season and into 2025, showing gratitude in the new year, and more.

Persons: Harvard's Arthur Brooks Arthur Brooks Organizations: American Enterprise Institute, Harvard University

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

☆ Expect a rotation out of AI chip manufacturers to software companies in next 6-12 months: Ray Wang
▼ + 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 EmailExpect a rotation out of AI chip manufacturers to software companies in next 6-12 months: Ray WangRay Wang, Constellation Research founder, chairman and principal analyst, joins 'Squawk Box' to discuss the U.S. Commerce Department's new crackdown on chip exports to China, latest trends in AI, winners and losers in the sector, and more.

Persons: Ray Wang Ray Wang Organizations: Constellation Research, U.S . Commerce Locations: China

☆ California special session to 'safeguard' state from Trump kicks off with proposed $25 million legal fund
▼ + stars: | 2024-12-02 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +2 min

Gavin Newsom's special legislative session to safeguard California from potential "federal overreach" from the incoming Trump administration begins Monday, teeing up a potential battle between the president-elect and the most-populous U.S. state. The fund would be for the California Department of Justice and other state agencies to be used for court challenges and administrative actions. "President Trump received the most votes for a Republican presidential candidate in the deep blue state of California since 2004," Leavitt said. In a conversation with volunteers after the election, Newsom said the state needed to be ready for action as the next administration takes hold. "I think there's a lot of onus that's placed upon California because [of] the size, scale and scope of this state," he said at the time.

Persons: Newsom, Gavin Newsom's, Trump, teeing, Karoline Leavitt, Vance, Leavitt Organizations: Gov, California Department of Justice, Trump, Republican Locations: San Jose , California, United States, California, U.S

☆ 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

☆ At the epicenter of culture: how TikTok maximizes success for brands
▼ + stars: | 2024-12-02 | by ( Sponsored Tiktok For Business | ) www.businessinsider.com time to read: +6 min

For millions of people across the globe, these words form part of a bigger movement: culture, and it all starts on TikTok. So, for brands, the challenge isn't simply to follow trends but to embed themselves meaningfully within these cultural conversations. On a platform where creativity reigns, the brands that take risks and facilitate culture are the ones that thrive. Trends are a powerful driver of culture — just ask KFC, whose TikTok Ad Award-winning campaign turned viewers into advocates. TikTok provides a unique platform to supercharge engagement and achieve cultural relevance.

Persons: Moo Deng, Nielsen, TikTok, Alex Whitlock Organizations: Finance, WARC, Peugeot, Burberry, KFC, Insider Studios Locations: TikTok

☆ 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

☆ Norway hits pause on controversial deep-sea mining plans
▼ + stars: | 2024-12-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Norway's Prime Minister Jonas Gahr Store gives a speech during the Autumn 2024 conference of Equinor, a Norwegian multinational energy company, in Oslo, Norway on November 26, 2024. Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining. Norwegian Prime Minister Jonas Gahr Støre described the move as a "postponement," Reuters reported Sunday, citing comments delivered to private broadcaster TV2. Støre leads Norway's center-left Labor Party, which is the senior party in a minority government coalition with the Center Party. The practice of deep-sea mining involves using heavy machinery to remove minerals and metals — such as cobalt, nickel, copper and manganese — from the seabed, where they build up as potato-sized nodules.

Persons: Jonas Gahr, Jonas Gahr Støre, Støre Organizations: Norway's, Socialist Left Party, Reuters, TV2, Labor Party, Center Party Locations: Norwegian, Oslo, Norway, Norway's, Germany, Britain, Canada, Mexico

☆ Greek city’s new underground railway system uncovers thousands of ancient secrets
▼ + stars: | 2024-12-02 | by ( Associated Press | ) edition.cnn.com time to read: +2 min

THESSALONIKI, Greece AP —The metro system in the northern Greek city of Thessaloniki opened Saturday featuring driverless trains, and tens of thousands of people braved blustery, rainy weather to wait outside the stations to try them out. The single 13-station subway line was jammed with passengers eager to get a taste of the city’s new transport system. This archaeological site is located inside the Venizelou metro station in Thessaloniki. Deep underground, remains of the city’s busiest street in the 6th century were found. But it will likely take several more years for the metro to reach the city’s busy Macedonia Airport.

Persons: braved, Kyriakos, Katerina Sakellaropoulou, Christos Staikouras, Mitsotakis, Staikouras, Giannis Papanikos, Eleftherios Venizelos Organizations: Greece AP, AP Passengers, Antiquities, Macedonia Airport Locations: THESSALONIKI, Greece, Greek, Thessaloniki

If we had to recommend one Leesa mattress, it would be the Sapira Hybrid, which is the best overall mattress in our expert-tested best mattress guide. The best Cyber Monday Leesa dealsLeesa Sapira Hybrid Mattress (Queen) $1,374.00 $1,999.00 Save 31% The Leesa Sapira Hybrid Mattress provides great edge support and motion isolation. View at Leesa What we like Check mark icon A check mark. View at Leesa What we like Check mark icon A check mark. View at Leesa What we like Check mark icon A check mark.

Persons: you'll, Leesa, I've Organizations: Business, Leesa

The best Cyber Monday laptop deals include great all-time lows on budget-friendly systems and powerful gaming models. Keep scrolling to check out the best Cyber Monday laptop deals from brands like Apple, Lenovo, Dell, and Asus. View at Best BuyThe best Cyber Monday MacBook dealsThe 2024 MacBook Pro M4 is 13% off, which is a great deal on a model released this year. The updated base standard for RAM means the 2024 MacBook Pro is an excellent model to upgrade to. View at Best BuyThe best Cyber Monday gaming laptop dealsGamers have a wealth of laptop deals to choose from on Cyber Monday.

Persons: Lenovo Slim, Dell, It's, it's Organizations: Business, Apple, Lenovo, Dell, Asus, LG, Intel, Amazon LG, Microsoft, Qualcomm, HP, Apple MacBook, Highlights, MacBook, Pro Apple MacBook, Air, Amazon, M4, AMD

☆ EY is set to cut 150 senior consultants as the Big 4 battles slowing demand
▼ + stars: | 2024-12-02 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementEY is set to cut 150 UK consultancy jobs amid a fall in demand for advisory services. Big Four consulting firms have launched a number of small rounds of cuts in recent months. EY is set to cut 150 jobs in its UK consultancy division as demand slows for advisory services. Regrettably, proposals put forward in part of the UK consulting practice may result in a reduction of 150 roles," an EY spokesperson told Business Insider. EY employs around 4,700 people in its consulting division in the UK.

Persons: EY, Benoit Laclau, Laclau, Deloitte Organizations: Big, Revenue, Deloitte Locations: London, Ireland

☆ Omer Maxim Neutra: American-Israeli soldier held hostage in Gaza was ‘killed on October 7,’ Israel says
▼ + stars: | 2024-12-02 | by ( Ivana Kottasová | Dana Karni | ) edition.cnn.com time to read: +4 min

CNN —The Israeli military said Monday that Omer Maxim Neutra, an American-Israeli citizen who was previously believed to be alive and held hostage in Gaza, was killed during the Hamas-led attack on October 7, 2023. Neutra, 21, served as a tank platoon commander in the Israel Defense Forces (IDF) during the time of the attack, the IDF said, adding that Neutra’s body is still being held hostage in Gaza. In previous cases when a hostage was declared dead, the finding was based on new intelligence and evidence. We consider it a missed opportunity.”Neutra was one of seven American citizens held in Gaza. According to Israeli authorities, Hamas is holding 101 hostages in Gaza – 97 taken on October 7, 2023 and four others who were kidnapped before that.

Persons: Omer Maxim Neutra, Neutra, “ Omer, ’ ”, Israel Katz, Neutra “, Nir Oz, ” Nir Oz, Ronen, Orna Neutra, Omer, ” Ronen Neutra, ” Neutra, Benjamin Netanyahu, ”, Isaac Herzog, Neutra’s, ” “ Omer, ” Herzog, Edan Alexander, Alexander, Donald Trump, Alexander’s, Yael Alexander Organizations: CNN, Israel Defense Forces, IDF, Hamas, Israel’s Locations: American, Gaza, Israel, Lebanon, United States, Tel Aviv

During Ralph Lauren Cyber Monday Sale, you can find Ralph Lauren's crisp button-down shirting, expertly-tailored blazers, preppy polos, and polished chinos — among other categories — are 40% off, applied at checkout. The best Cyber Monday Ralph Lauren men's clothing dealsRalph Lauren's clothing is timeless in style and always made with excellent quality. Ralph Lauren Polo Bear Fleece Hoodie $92.99 $188.00 Save 51% There are few characters in the fashion landscape quite as recognizable as the Ralph Lauren Polo Bear. View at Ralph LaurenThe best Cyber Monday Ralph Lauren women's clothing dealsCyber Monday Ralph Lauren FAQsWhen does the sale start and end? Is Cyber Monday a good time to shop Ralph Lauren?

Persons: Ralph Lauren Cyber, Ralph, polos, Ralph Lauren Polo Bear, we've, Ralph Lauren, Ralph Lauren men's, Lauren's, Ralph Lauren Polo, Ralph Lauren Ralph Lauren Loopback, Ralph Lauren Ralph Lauren, Ralph Lauren women's, Ralph Lauren's Organizations: Business Locations: polos, chinos

☆ 'Full weight of tariffs' on China could send the yuan to 8.42: Barclays
▼ + 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 Email'Full weight of tariffs' on China could send the yuan to 8.42: BarclaysMitul Kotecha, Head of Asia FX and EM Macro Strategy at Barclays, explains why he thinks the Chinese authorities will have to depreciate the currency to mitigate the impact of tariffs.

Organizations: Barclays Mitul Kotecha, Asia FX, Barclays Locations: China

☆ 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

☆ Sarah Boone to be sentenced after being found guilty of murder after zipping Jorge Torres in suitcase
▼ + stars: | 2024-12-02 | by ( Zoe Sottile | Michelle Watson | ) edition.cnn.com time to read: +2 min

CNN —A Florida woman is set to be sentenced Monday after she was found guilty of second-degree murder for zipping her boyfriend in a suitcase, leaving him inside for hours until he died. Sarah Boone, 47, was found guilty of second-degree murder in October. Boone says that Torres voluntarily climbed into the suitcase and she zipped it closed, says the news release. When Boone woke up, she found Torres unresponsive in the suitcase and called 911, according to Bain. The video shows Torres pushing on the suitcase and trying to get out, the affidavit said.

Persons: Sarah Boone, Jorge Torres, Jr, Andrew Bain, Boone, Torres, ” Torres, Torres “, “ Boone, ”, “, Torres ’ Organizations: CNN, State, Sheriff’s, Bain, “, WESH Locations: Florida, Orange

☆ Watch Monday's full episode of the Halftime Report — December 2, 2024
▼ + 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 EmailWatch Monday's full episode of the Halftime Report — December 2, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Trump may renew a housing fight that could rattle mortgage rates
▼ + stars: | 2024-12-02 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Many Americans already have whiplash after recent swings in mortgage rates: After the average 30-year fixed mortgage rate peaked at nearly 8% last fall, rates fell steadily ahead of the Federal Reserve’s first interest rate cut in September. That trend has since reversed, and mortgage rates have climbed back up to nearly 7% as investors bet that the Fed will cut rates fewer times than initially expected due to recent strong economic data. This helps enable a reliable flow of money to mortgage lenders, allowing them to offer more affordable rates to would-be homebuyers. During the housing meltdown of 2008, the two companies were brought under government control in an effort to stabilize the housing market. Some analysts advocate for full privatization, meaning the government would not provide assurances to backstop the two mortgage companies.

Persons: Donald Trump, Fannie Mae, Freddie Mac, —, Fannie, Freddie, that’s, Ted Tozer, Ginnie Mae, Obama, ” Tozer, “, Mark Zandi, Zandi, ” Zandi, ” Karoline Leavitt, Vance, President Trump, Trump, Freddie don’t, Andrew Harnik, Susan Wachter, Wachter, ”, Norbert Michel, Fannie Mae’s, Freddie Mac’s, ” Trump, Republican Sen, Rand Paul, Trump’s, Bill Ackman, Pershing, It’s, it’s Organizations: CNN, “, Moody’s, Investors, Trump, Federal, stoke, Federal Housing Finance Agency, Federal National Mortgage Association, Wharton School, University of Pennsylvania, ”, CATO Institute, Republican, Pershing Square Holdings, U.S, Presidential Locations: Mexico, Canada, China, Washington , DC, conservatorship

☆ Opinion | Sexual Violence in War Is Not Inevitable
▼ + stars: | 2024-12-02 | by ( Alyona Synenko | ) www.nytimes.com time to read: +2 min

They were members of one of the more than 100 armed groups sprawled across the eastern Democratic Republic of Congo. He tried to understand what these men believed about sexual violence and use it in his arguments against it. The conversation was part of a pilot program the International Committee of the Red Cross has been conducting to try to better address sexual violence in armed conflict. Last year, the United Nations recorded a 50 percent increase in verified cases of conflict-related sexual violence. And when new wars erupt, gruesome allegations of sexual violence almost always follow images of death and destruction.

Persons: ” Organizations: Democratic, “, International Committee, United Nations, ICRC Locations: Democratic Republic of Congo

☆ How a Right-Wing Schools Activist Started a Culture War in Manhattan
▼ + stars: | 2024-12-02 | by ( Claire Fahy | ) www.nytimes.com time to read: +1 min

A profanity-laced argument that almost turned into a physical altercation. An auditorium full of people turning their backs and humming to drown out an anti-transgender protester. A defiant rendition of “This Little Light of Mine.”The near-constant disruptions stretched the November meeting of a Manhattan parent council to nearly four hours. About halfway through, Maud Maron, a conservative activist and the council’s best-known member, paused to admonish the crowd. “Next month will be the 10th month of these histrionics.”Ms. Maron’s critics say she’s the one putting on a show.

Persons: Maud Maron, ”, “, Ms Organizations: District Locations: Manhattan, New York, Lower Manhattan, Midtown

☆ Opinion | The Hunter Biden Pardon: Mercy, or the Wrong Message?
▼ + stars: | 2024-12-02 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Biden Issues a ‘Full and Unconditional Pardon’ of His Son Hunter Biden” (nytimes.com, Dec. 1):President Biden’s pardon of his son Hunter was, in a word, just. While the jury’s verdict was a fair one, based on the overwhelming evidence of Hunter Biden’s illegal possession of a firearm, the decision to overcharge this victimless crime was, in a word, political. The overcharging of Hunter Biden was most certainly influenced by a perceived need within the Justice Department to bend over backward to demonstrate its “impartiality.” All prosecutorial decisions are discretionary: If Hunter’s surname were not Biden, the charges and sentencing recommendations would have fit the crime. It would be inhumane to have expected 82-year-old Joe Biden to have left his only surviving son in the safekeeping of the Trump administration penal system — and subjected, potentially, to other trumped-up charges under the soon-to-be gutted and weaponized Justice Department. The president’s pardon of his son was merciful and fully justified, given the totality of the circumstances.

Persons: Re “, Son Hunter Biden ”, Biden’s, Hunter, Hunter Biden, Biden, Joe Biden, Trump Organizations: Justice Department, weaponized Justice Department

☆ Ex-Kansas detective dies by suicide as long-awaited criminal civil rights trial set to begin, sources say
▼ + stars: | 2024-12-02 | by ( Scott Glover | Daniel Medina | ) edition.cnn.com time to read: +3 min

The retired detective was accused of using his position as a police officer in Kansas City, Kansas, to sexually assault vulnerable Black women over the course of decades. Prosecutors said in court filings that Golubski hand-picked his victims because he was confident they would never be believed. The second case accused him of being in cahoots with a drug kingpin in the sex trafficking of underage girls. Developments were chronicled on the front pages of the local newspaper, The Kansas City Star, and resulted in a crusading newspaper columnist winning one of journalism’s highest honors — a Pulitzer Prize. “This trial will turn entirely on victim credibility,” prosecutors wrote in a court filing last year.

Persons: CNN —, Roger Golubski, Golubski, Chris Joseph, Joseph, Prosecutors, Lamonte McIntyre, —, Jay, Roc, ” Prosecutors, Golubski’s, ”, Kristen Clarke, Kate E Organizations: CNN, Authorities, Golubski, Kansas City, Kansas City Star, ”, FBI, Department of Justice’s Civil Rights Division, U.S, District of Locations: Kansas, Topeka, Kansas City , Kansas, Washington, District of Kansas

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

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