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Were Trump to follow through on his vow to impose tariffs on imports on Europe as well as from China, they would likely deviate further. There is also uncertainty across the continent about what the new White House will mean for the war in Ukraine. In their view, China could help to pressure Russia over Ukraine as Xi loses patience with a war he did not expect would drag on for almost three years. One senior European diplomat said that while China has never explicitly condemned Russia’s invasion of Ukraine, it has helped in other ways to rein in Moscow. continues to say that Ukraine will negotiate when Ukraine wants to negotiate,” another European official said, “and that the E.U.
Persons: Donald Trump, don’t, Trump, Vladimir Putin, , Olaf Scholz, Putin, Sydney Walsh, Volodymyr Zelenskyy, , Mike Waltz, Xi, Sergey Bobylev, , Keir Starmer, Xi Jinping, Starmer, Jimmy Lai, Scholz, Emmanuel Macron, David Lammy, Wang Yi, Liu Bin, Joe Biden, Wu Xinbo, ” Wu, ” Cao Lei, Kim Jong, trickier, ” Keir Simmons, Jennifer Jett Organizations: NBC, Union, NBC News, , U.S, Economist, Chinese Communist Party, Getty Images, , Group, British, Xinhua News Agency, Getty, Trump, Center for American Studies, Fudan University, University of Hong Kong’s, Contemporary, Foreign, South China Locations: DUBAI, United Arab Emirates, Beijing, Brussels, China, Europe, Ukraine, we’ll, Kazan, Russia, Anadolu, South, Taiwan, Moscow, Rio de Janeiro, Britain, Hong Kong, British, Shanghai, , Contemporary China, “ China, European, North Korea, U.S, Dubai
The Summary Environmental organizations are preparing to push back against the incoming Trump administration. Environmental groups are already gearing up for legal fights and soliciting donations accordingly. Environmental groups are gearing up to push back against the incoming Trump administration, which they expect to make sweeping policy changes more quickly than was seen when Donald Trump took office in 2017. The first Trump administration took at least 74 actions seen as weakening environmental policy, according to a tracker from the nonpartisan Brookings Institution. A cadre of environmental groups filed suit, and the monument was fully restored by Biden in 2021.
Persons: Trump, pare, Donald Trump, Joe Biden’s, Sean Hannity, Doug Burgum, Chris Wright, , Brett Hartl, Trump’s, “ We’re, Andrew Wetzler, it’s, Biden, Jillian Blanchard, , ” Blanchard, Barack Obama, George Frey, Ethan Aumack, “ I’ll, ” Aumack, Wetzler, ” Wetzler Organizations: Biden, Infrastructure Investment, Jobs, Fox News, North Dakota Gov, Institution, Center for Biological, Natural Resources Defense Council, for Biological Diversity, Heritage Foundation, Good Government, Trust, Republican Party Locations: Southwest, Utah, Blanding , Utah, Arizona , Georgia, North Carolina, Washington
The biggest surprise of “Gladiator II” is not that Denzel Washington is great. Instead, it’s how pivotal his character Macrinus is to the long-awaited sequel starring Paul Mescal as the heir of Russell Crowe’s iconic character Maximus. But it’s Washington’s Macrinus who moves “Gladiator II” forward. “His grand purpose,” Washington told NBC News, “is to take over the world.”Denzel Washington plays Macrinus, Pedro Pascal plays Gen. Acacius and Connie Nielsen plays Lucilla in “Gladiator II.” Aidan Monaghan / Paramount PicturesTo select his gladiators, Macrinus leans into their rage. “Almost everything that is done in the film, I’ve done before: fight scenes, swords, riding horses,” he said, noting one exception.
Persons: , Washington, Paul Mescal, Russell Crowe’s, Lucius, Washington’s Macrinus, ” Washington, Denzel Washington, Macrinus, Pedro Pascal, Acacius, Connie Nielsen, Lucilla, ” Aidan Monaghan, stokes, , Crowe’s, , Ridley Scott, Thelma, Louise, ” Scott “, Scott, ’ ” Washington, “ He’s, ’ ” Paul Mescal, Caesar, Janty Yates, Cuba Scott, I’ve, “ I’ve, It’s, Malcolm, Katia, John David, Pauletta, “ we’re Organizations: NBC News, Paramount Pictures, Netflix Locations: ” Washington, Cuba, Pittsburgh
North Carolina lawyer Katie Jenifer is trying to prepare one year’s worth of estrogen for her transgender daughter. If the Trump administration still allows trans people to change the gender marker on their passport, Greenesmith said, it might require them to provide proof of gender-reassignment surgery, putting gender-marker changes out of reach for the majority of trans people. There is no existing policy that would allow the government to require people to turn in “X” passports, for example. Katie Jenifer and her transgender daughter, Maddie, at the White House for a Pride Month celebration in June. If that were to happen, she could lose access to health care.
Persons: Ash Orr, Katie Jenifer, Belle, they’re, Donald Trump’s, Heron Greenesmith, ” Greenesmith, Trump, Greenesmith, , , ” Trump, Sasha Buchert, ” Buchert, Stefani Reynolds, I’ve, ” Orr, he’s, Finn Franklin, ” Franklin, “ I’m, ” Finn Franklin, Finn Franklin Franklin, He’s, Maddie, Jenifer, Katie Jenifer Jenifer, ” Jenifer, Trevor, Orr, Bennett Kaspar, Williams, Aldita Gallardo, Gallardo, wasn’t, ” Gallardo, Dahlia Belle, she's, Belle “, ” Belle, it’s Organizations: NBC News, Transgender Law Center, , Medicare, State Department, Lambda Legal, Getty, Trans, , Rogue Community College, Oregon Health & Science University Hospital, Oregon Health, OHSU, Trump, White, Holler Health, Transformation Fund, Emergent, Transformation, U.S, House, Transgender, Society Locations: Virginia, Carolina, Oregon, Massachusetts, U.S, Morgantown , West Virginia, West, “ West Virginia, Grants Pass , Oregon, Washington , Oregon, California, Portland, . North Carolina, West Virginia, Los Angeles, Oakland , California, Louisiana, Birmingham , Alabama, Jacksonville , Florida, Portland , Oregon
“They made themselves nuclear,” Howard Lutnick, the co-chair of Trump’s transition and his nominee to serve as Commerce Secretary, told CNBC in September. But with the campaign over, Trump’s transition team is turning to Project 2025 to help staff the next administration. Both Homan and Ratcliffe were listed as contributors to Project 2025, while Carr authored a chapter on the FCC. Brendan Carr, a contributor to Project 2025, is Trump's pick to lead the Federal Communications Commission. For instance, the Project 2025 policy blueprint and Trump’s “Agenda 47” featured similar ideas on mass deportations and slashing the federal bureaucracy.
Persons: Donald Trump, Trump, , ” Howard Lutnick, Tom Homan, Brendan Carr, John Ratcliffe, Both Homan, Ratcliffe, Carr, Celal, Russ Vought, Roger Severino, Paul Dans, MAGA, lambasting, Lutnick, , it’s, ” Lutnick, Semafor, ’ it’s, That’s, Trump’s, Joe Biden’s, Kamala Harris ’, Sen, Mallory McMorrow, ” McMorrow Organizations: Commerce, CNBC, NBC News, Democrats, Trump, Federal Communications Commission, Getty, of Management, Republican National, Politico, Department of Health, Human Services, New York, Republican, NBC, Democratic, Oceanic, Atmospheric Administration, Democratic National Convention Locations: Anadolu, Grand Rapids, Michigan
LAS VEGAS — Max Verstappen is hoping that what happens in Vegas won't just stay in Vegas — it will go down in the history books. Verstappen, 27, of the Netherlands, can secure the trophy by finishing the 50-lap race ahead of his sole championship rival, Lando Norris. Norris needs to outscore Verstappen by at least 3 points to keep his title hopes alive, although they would be slim regardless. No other driver is mathematically in contention for the championship with three races left in the season. McLaren hopes to secure its first constructors championship since 1998, when Finnish driver Mika Häkkinen won the drivers championship with the now papaya-colored team.
Persons: Max Verstappen, Michael Schumacher, Lewis Hamilton, Sebastian Vettel, Alain Prost, Juan Manuel Fangio, Verstappen, Lando Norris, McLaren’s Norris, Norris, ” Verstappen, Mark Thompson, Red Bull, McLaren, Mika Häkkinen, Oscar Piastri, Ferrari’s Charles Leclerc, Carlos Sainz, Sergio Perez, Verstappen’s, Alpine’s Esteban Ocon, , ” Norris, ” Andrea Kimi Antonelli, Jack Doohan, Oliver Bearman, Gabriel Bortoleto, Mercedes, Andrea Kimi Antonelli, Haas, Liam Lawson, Daniel Ricciardo, ” Lawson, I’ve, ” Liam Lawson, Rudy Carezzevoli, Lawson Organizations: VEGAS, McLaren, Ferrari, Hamilton, Silver Arrows, Sauber, Audi, RB, NBC Locations: Vegas, Netherlands, Las Vegas, Finnish, Woking, Brazil, São Paulo
Salih is Bajau Laut, an indigenous seafaring group in Southeast Asia that has lived a semi-nomadic lifestyle on the ocean for centuries. More and more Bajau Laut are abandoning their traditional way of life, making them increasingly vulnerable to environmental changes. As climate change threatens the marine environment more than ever, the traditions of the Bajau Laut are quickly disappearing. Brandi Mueller/Moment RF/Getty ImagesA hypselodoris nudibranch, commonly known as a sea slug, in Mabul Island, Malaysia. The Sabunglanis are one of the few Bajau Laut families left in the region who still live on a lepa, or houseboat.
Persons: Malaysia CNN —, Jimi Salih doesn’t, , Salih, , Bajau, Rebecca Cairns, ” Salih, kampee, Jacque Cousteau, Brandi Mueller, Adzmin Fatta, Green Semporna, Malaysian Borneo —, Robin Philippo, Philippo, Haikal Nukiman, Imran Abbisi, they’re, Rili Djohani, hasn’t, , Nukiman, TRACC, they’ll, Jimi Salih Organizations: CNN, Initiative, Malaysia CNN, Getty, Check, Malaysian, Tropical Research, Conservation, Tourism, Coral Triangle, Borneo, CNN Borneo Komrad, TRACC Locations: Semporna, Malaysia, Southeast Asia, Omadal, Malaysian Borneo, Island, Sipadan, Mabul Island, Sabah —, Sabah, TRACC, East Malaysia, Wakatobi, Kampung Bangau Bangau, Kampung Bangau, Borneo, Kampung Air Hujung, Iskul
Skulls found on a New Mexico property earlier this month were obtained online and are not related to the case of a woman who went missing in 2019, the Lea County Sheriff’s Office said Thursday. Human remains were found after a search of a property associated with the man in Jal, a city of around 2,000 in the southeastern part of the state, the sheriff's office said last week. The medical examiner determined the remains found on the property had "no medical or legal significance," the sheriff's office said. On Nov. 12, shortly after the discovery of the remains, the sheriff's office said it could be related to Angela McManes, who disappeared in 2019. Two days later, the sheriff's office said there did not appear to be a link between the skulls and McManes beyond the proximity of her home to the property where the skulls were found.
Persons: , Angela McManes Organizations: Sheriff’s Locations: New Mexico, Lea, Jal, United States
Forecasters warned of more high winds headed to the battered Pacific Northwest, while an atmospheric river continued to dump heavy rain on California. The biggest risk of life-threatening floods was forecast for Thursday, but flooding will remain a threat through Friday, the weather service said. Landslides and rockslides shut down some or all traffic lanes on highways in Humboldt and Lake counties, the weather service in Eureka, California, said. Snow is on the way in New York state and Pennsylvania courtesy of “a potent upper-level low swinging over the region,” the weather service said. The area was under a winter weather warning until 4 p.m. Friday.
Persons: Justin Sullivan Organizations: National Weather Service, Police, Sutter Health, Santa, California's, New, ridgetops Locations: Pacific Northwest, California, Washington, Santa Rosa, Calif, California's Sonoma County, San Francisco, Sierra Nevada, Truckee, Oregon, Humboldt, Lake, Eureka , California, New York, Pennsylvania, New York City, New Jersey, Hudson, Johnstown , Pennsylvania, Binghamton, Ithaca
A resident walks at the site of a Russian missile strike in Dnipro, Ukraine, November 21. Mykola Synelnykov/ReutersRussia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence. Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike on an enemy, experts say. Ballistic missiles have been the underpinning of deterrence, offering what is known as “mutual assured destruction,” or MAD, in the nuclear age.
Persons: Mykola Synelnykov, Vladimir Putin, MIRV, ” Hans Kristensen, Kristensen Organizations: Reuters, West, Federation of American, Ballistic Locations: Russian, Dnipro, Ukraine, Ukrainian, Russia, Europe
Gaetz cannot return to Congress this yearWhen Gaetz submitted his resignation, that ended his official role in the current 118th Congress. Could he be sworn in for the 119th Congress? When Gaetz resigned, House Speaker Mike Johnson, R-Fla., expressed hope that a special election could be held in time to fill his seat quickly. So if Gaetz is able to take his seat in the 119th Congress, the panel could extend its investigation and still release its report. Prior to Gaetz withdrawing his name from consideration for attorney general, Johnson signaled he did not want the Ethics Committee to release its report.
Persons: Matt Gaetz, Donald Trump's, Gaetz, , , Ron DeSantis, DeSantis, Mike Johnson, Johnson, Michael Guest, Guest, Sean Casten Organizations: Congress, Florida Gov, Congressional, 119th Locations: Florida
Senate Republicans offered mixed responses Thursday to President-elect Donald Trump's announcement that he will nominate Pete Hegseth, a Fox News personality accused of sexual assault, to lead the Defense Department following the release of a police report concerning sexual assault allegations against him. Some senators defended Trump's pick, while others voiced some trepidation, and a senator told NBC News "I don't care" when approached about a police report released Wednesday tied to an allegation of sexual assault against Hegseth in 2017. Sen. Markwayne Mullin, R-Okla., also defended Trump's pick, saying he had reviewed the report and would push for Hegseth's confirmation. Two other picks to serve in top jobs in Trump's Cabinet have also faced potentially damaging allegations of sexual misconduct. After Gaetz withdrew his name, Sen. Chris Coons, D-Del., told NBC News that there were “similar, challenging allegations” with Hegseth.
Persons: Donald Trump's, Pete Hegseth, Sen, Kevin Cramer, Cramer, I’m, Hegseth, Karoline Leavitt, Markwayne Mullin, Trump's, Mullin, , Trump, ” Mullin, Bill Hagerty, Lindsey Graham, Joe Biden, Biden, That’s, Graham, Robert F, Kennedy Jr, Kennedy, Matt Gaetz, Gaetz, Chris Coons, ” Coons, Josh Hawley, “ Let’s, ” Hawley, let’s, they’ve, Organizations: Fox News, Defense Department, Trump's, NBC, Hegseth, Cabinet, Armed Services Committee, Trump, Pentagon, Republican, White, NBC News, Human Services Department Locations: America, California, Washington, Florida
A Georgia woman who reported her 20-month-old son missing in 2022, setting off a large search until his remains were found in a landfill, was sentenced to life in prison Thursday for his killing. She was sentenced in a Chatham County court to life with the possibility of parole. Simon reported her son missing from their home in Chatham County, near Savannah, on Oct. 5, 2022. Quinton Simon. Simon was sentenced to what amounts to life in prison, as well as an additional 10 years.
Persons: Leilani Simon, Quinton Simon's, Quinton Simon’s, Tammy Stokes, Simon, Quinton, Quinton Simon, Quinton’s, , Stokes Organizations: Authorities, Chatham, Chatham County Police Locations: Georgia, Chatham County, Chatham, Savannah
Jordan Neely died from the “combined effects” of a number of a factors, not a chokehold, a forensic pathologist hired by Daniel Penny’s attorneys testified Thursday. Penny is charged with manslaughter and criminally negligent homicide in the chokehold death of Neely on a New York City subway train in May 2023. Penny, 26, who was a passenger on the train, put Neely in a chokehold and took him to the ground. Chundru said he did not believe that Neely died of a chokehold or that Penny had applied consistent and sufficient pressure to render him unconscious. Chundru said he believed Neely died from “the combined effects of sickle cell crisis, the schizophrenia, the struggle and restraint and the synthetic marijuana” that was in his system.
Persons: Jordan Neely, Daniel Penny’s, Penny, Neely, Satish Chundru, Dr, Cynthia Harris, Chundru, , Andre Zachary, Andrew Savulich, Harris, , Steven, Dafna Yoran, Yoran, Jacqueline Penny, neighborly, Gina Flaim, Penny’s, Eric Gonzalez, Gonzalez Organizations: Prosecutors, TNS, Getty, National Association of Medical, Marines Locations: New York City, Florida, Texas, New York, Manhattan, West Islip, Long, Queens
After more than 50 years, legendary broadcast journalist Chuck Scarborough has announced his plans to step down from his daily duties anchoring the news at NBC New York. NBCU Photo BankHe will continue to be a part of the WNBC family and provide special reports and contribute to special station projects and programming. Before moving to WNBC, Scarborough worked at TV stations including WLOX-TV in Biloxi, Mississippi; WDAM-TV in Hattiesburg, Mississippi; WAGA-TV in Atlanta and WNAC-TV in Boston, according to his station biography. Scarborough started his career with WNBC on March 25, 1974, anchoring the 6 p.m. and 11 p.m. weekday news. He left the 11 p.m. anchor chair in 2016, according to the station.
Persons: Chuck Scarborough, Scarborough, Al Roker, Hoda, Savannah Guthrie, Nathan Congleton, Organizations: NBC, National Broadcasting Company, NBCU, WNBC, Empire Locations: York, Biloxi , Mississippi, Hattiesburg , Mississippi, Atlanta, Boston, Savannah
The DEA concurred with most of the report’s recommendations but declined to comment. That employee was being paid by the DEA a percentage of the cash seized, the IG found, and had received tens of thousands of dollars over several years. In some cases, the DEA has seized money only to have judges order the government to return it. In 2020, NBC Los Angeles reported that $82,000 was seized by the DEA from an elderly man and his daughter in Pittsburgh. “It’s like I was mugged on the street.”USA Today reported in 2016 that, over a decade, the DEA seized more than $209 million in cash from at least 5,200 people at 15 busy airports.
Persons: General, Lisa Monaco, , Justice Department “ Organizations: Drug, Administration, Department’s Office, Task Force, Department, Justice Department, Institute for Justice, DEA, Transportation Security Administration, NBC News, Prosecutors, NBC, ” USA Locations: Cincinnati, New York, New Orleans, Columbus , Ohio, NBC Los Angeles, Pittsburgh
For the first 53 years of his life, Elon Musk barely spent any time with Donald J. Trump. Then, beginning on the night of Nov. 5, he spent basically no time without him. And so Mr. Musk, more than any other key player in the presidential transition, finds himself in a cram session to learn the courtier politics of Mr. Trump’s inner circle. For the world’s richest person — not known for his humility or patience — it is a social engineering challenge far trickier and less familiar than heavy manufacturing or rocket science. The answer, as discarded aides from Mr. Trump’s first term will tell you, may depend on Mr. Musk’s ability to placate the boss and keep a relatively low profile — but also to shiv a rival when the time comes.
Persons: Elon Musk, Donald J, , Trump’s, shiv Organizations: Trump Locations: Washington, Silicon
Gold prices were headed for their best week in a year on Friday, supported by safe-haven demand amid further escalations in the Russia-Ukraine war, while investors assessed the outlook for U.S. interest rate cuts. Gold prices were headed for their best week in a year on Friday, supported by safe-haven demand amid further escalations in the Russia-Ukraine war, while investors assessed the outlook for U.S. interest rate cuts. Bullion was up nearly 5% for the week so far, its best week since early October 2023. Gold's appeal is bolstered by geopolitical tensions, economic risks and a low interest rate environment. Meanwhile, the Chicago Federal Reserve President on Thursday reiterated his support for further U.S. interest rate cuts and his openness to slowing them down.
Persons: Bullion, Edward Meir, Bitcoin, Michelle Bowman, Nicholas Frappell Organizations: Trump, Chicago Federal, ABC Refinery Locations: Russia, Ukraine, Dnipro, U.S
AdvertisementEV battery maker Northvolt has entered Chapter 11 bankruptcy protection, it said on Thursday. Northvolt said it had secured an extra $245 million in funding as part of the bankruptcy deal. Northvolt, the battery company founded by two former Tesla executives, has filed for Chapter 11 bankruptcy protection after struggling to ramp up production. AdvertisementFounded in 2016 by Carlsson and Paolo Cerutti, Northvolt aimed to revolutionize battery manufacturing but has struggled in recent months. In June, BMW pulled out of a $2.1 billion order for battery cells for its EVs, citing delays to deliveries.
Persons: Northvolt, Goldman Sachs, Tom Johnstone, Peter Carlsson, Carlsson, Paolo Cerutti, Ford Organizations: EV, Tesla, JPMorgan, Microsoft, BMW Locations: Swedish, Sweden, Skellefteå, Europe
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThanksgiving will be the on-ramp for films in 2025, says IMAX CEO Richard GelfondRichard Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss the consumer shift back to movie theaters.
Persons: Richard Gelfond Richard Gelfond
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoliday shopping season sales will continue into next quarter, says Tanger CEOStephen Yalof, Tanger CEO, talks the state of retail and the consumer ahead of the holidays.
Persons: Stephen Yalof
Barack Obama was elected president, and the mood in the Republican Party picked up on the mood you’ve already described. But in the end, what he did electorally was not in that election to build the pan ethnic working class Republican Party. But at the very least, there was the conventional wisdom was that the Republican Party had to move substantially to the left on immigration. I just think that if the Republican Party is not the party of private property and wealth building, so I don’t think. Is there any chance that the Republican Party is about to not be the party of private property and wealth building No, no, I think you’re right.
Persons: I’m Ross Douthat, Donald Trump didn’t, Trump, I’ve, Reihan Salam, Reihan, George W, I’m, pry, Ross, Ross Douthat, let’s, Bill Kristol, Bush, Boomer, Giuliani, Ronald Reagan, wasn’t, Bill O’Reilly, Ross Reihan, Bush’s, Barack Obama, Obama, That’s, Mitt Romney, Paul Ryan, Ryan, Rush Limbaugh, notionally, Jeb Bush, Marco Rubio, Bill Clinton, Donald J, Let’s, it’s, It’s, , Donald Trump, Rudy Giuliani, Will, electorally, Romney, we’d, didn’t, Pat, John McCain, Frank, Kavanaugh, Trump’s, George Floyd, Biden, hadn’t, progressivism, premised, ender, New Party ”, ryan, neoliberals, Steve Bannon, Steve Moore, we’re, Moore, Bannon didn’t, COVID, JD Vance, Elon Musk, Musk, he’s, Vance, hasn’t, Clinton, Hillary Clinton, Margaret Thatcher’s, Reagan, Roosevelt, Republican policymaking, we’ve Organizations: New York, Republican Party, Manhattan Institute for Policy Research, New Party, New York Times, Harvard Institute of Politics, Harvard, The, Democratic, Great Society, Republicans, Republican, Reagan Democrats, Tribune, Trump, Perot, Tea Party, Party, Social Security, Grand New Party ”, Romney, Obama Trump voters, GOP, Amnesty, Reagan, Biden, American, America, romney, Infrastructure, Clinton Democrat, Uc Locations: Washington , DC, Northwestern, Washington ,, New York, Washington, Iraq, America, , China, American, United States, Clinton, it’s, Nevada
A lottery is being held on Monday to determine who will be the 16 people who get to witness what happens next in the case of the Menendez Brothers, who are serving life sentences for murdering their parents in 1989. The drawing will take place between 8 a.m. and 9 a.m. Pacific time, in front of the Van Nuys Courthouse West, the Superior Court of Los Angeles County said. The seats for 16 people, in a county of more than 10 million residents, will be allocated just one hour before the status hearing is set to begin at 10:30 a.m. The court occasionally holds public lotteries “when seating is limited and public interest is high,” a court spokesperson said in an email. Erik and Lyle Menendez killed their parents, Jose and Kitty Menendez, more than 35 years ago in their Beverly Hills mansion.
Persons: Menendez, Van, Erik, Lyle Menendez, Kitty Menendez Organizations: Court of, Netflix Locations: Los Angeles, Angeles County, Beverly
The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump's election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming hopes for a December rate cut if it comes in hotter than expected. The inflation rate is expected to have increased 0.2% month over month and 2.3% year on year. Rosy expectations Even with the interest rate cut expectations coming in, investors are optimistic on the direction for stocks to close out the year and into 2025. Goldman Sachs' David Kostin this week said he expects the S & P 500 can end next year at 6,500.
Persons: Donald Trump's, , Luke O'Neill, Stocks, O'Neill, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Tom Hainlin, Jeff Cox Organizations: Federal Reserve, Alpha Fund, Nasdaq, Dow Jones, BMO, UBS, Bank Asset Management, Dell Technologies, Chicago, New, Richmond Fed, Devices, Autodesk, PCE Deflator, Chicago PMI Locations: U.S, Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmpower's Marta Norton says 2025 will be a year of balance rather than conviction for the marketsMarta Norton, chief investment strategist at Empower Investments, joins CNBC's 'Squawk Box' to discuss her outlook on the economy, how to prepare your portfolio for 2025, and more.
Persons: Empower's Marta Norton, Marta Norton Organizations: Investments
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