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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Wendesday's full episode of the Halftime Report — November 27, 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
AdvertisementThe global economic expansion will continue into 2025, according to Goldman Sachs Asset Management. "But it's all a give and take here, because we're also going to be seeing a lot of efficiencies come into the labor market, potentially." GSAM strategists aren't sweating about the labor market yet, but they're watching those trends closely. Despite their lofty valuations, GSAM isn't bailing on US equities. That may finally change in 2025 as China's government gets serious about economic stimulus, Wilson-Elizondo said.
Persons: Alexandra Wilson, Elizondo, Goldman, Trump's, Wilson, We're, we're, corporates —, it's, aren't, isn't, GSAM Organizations: Goldman Sachs Asset Management, Management, Trump, Companies, Goldman, Wilson
Maybank sees Trump’s tariffs causing weaponization of currency
  + stars: | 2024-11-27 | 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 EmailMaybank sees Trump’s tariffs causing weaponization of currencySaktiandi Suppat, Head of Global FX Strategy of Maybank, says the effects of Trump 2.0 are kicking in earlier than expected. While the details of potential tariffs are still unclear, countries could be pushed to respond via currency measures.
Persons: Maybank, Saktiandi Organizations: Global FX, Trump
His first major global brouhaha since winning reelection posed the following questions that will help define the character of his second term. There’s no guarantee that Canada, Mexico and China will back down immediately. Trump’s trade war rhetoric is a reminder that in his worldview, the United States has few friends — only adversaries against whom it can choose to win or lose. The prime minister therefore has a huge incentive to avoid a trade war that could cause havoc in the Canadian economy. Initial reaction to Trump’s broadside against Canada and Mexico suggests that many observers see his outburst as a negotiating tactic.
Persons: Donald Trump, Trump, he’s, Pete, George W, Bush’s, , “ Trump, Elon Musk, Justin Trudeau, Claudia Sheinbaum, , Trudeau, Pierre Poilievre, Sen, Marco Rubio, Xi Jinping, , Gerry Connolly Organizations: CNN, Trump, Central ”, Elon, Conservative Party, Trade, North American Free Trade Locations: Canada, Mexico, China, United States, NATO, Russia, Ottawa, Canadian, Washington, Beijing, Europe, Ukraine
Dell Technologies — Shares fell more than 12% after the PC maker said it sees fourth-quarter revenue and earnings below Wall Street expectations . HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Urban Outfitters — Shares popped nearly 12% after the retailer reported an earnings and revenue beat postmarket Tuesday. Ambarella expects revenue of between $76 million and $80 million for the period, above the $69 million that analysts surveyed by LSEG had expected.
Persons: StreetAccount, FactSet, Janesh Moorjani, — Stocks, CrowdStrike, LSEG, George Kurtz, Ambarella, Nutanix, , Samantha Subin, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Dell Technologies, HP, Autodesk, Urban, postmarket, LSEG . Revenue
Generative artificial intelligence has taken Silicon Valley by storm since the launch of OpenAI's ChatGPT chatbot in November 2022. There was a lot of optimism over the potential of GenAI gadgets at the CES trade show in January, said Paul Gagnon, vice president for analyst firm Circana. Additionally, consumers may find current GenAI devices too expensive, and they may be confused about what the devices can actually do, he said. The reality is that while GenAI has captivated Silicon Valley, it's still "inning zero" in regard to widespread adoption, Bajarin said. Despite Silicon Valley not having a breakout year for GenAI hardware, here are a few GenAI devices early adopters can buy.
Persons: chatbot, Paul Gagnon, Gagnon, we've, — there's, hasn't, Ben Bajarin, Ray, Bajarin, Ryan Reith, Reith, GenAI, Steve Koenig Organizations: Nvidia, CES, Creative, Microsoft, Apple, Intel, Dell, Lenovo, IDC, Consumer Technology Association Locations: Silicon
To better understand the extinct giants, Qvarnström and his colleagues investigated overlooked fossils known as bromalites: remnants from the digestive system — aka dinosaur poop and vomit. The analysis, which took 10 years to complete, allowed the team to piece together why dinosaurs came to prominence. Information from fossilized poop helped researchers to understand how dinosaurs rose to prominence 200 million years ago. Grzegorz NiedzwiedzkiReconstructing dinosaurs’ riseThe authors came up with five phases to explain dinosaurs’ ascendancy: Their ancestors were omnivorous, eating plants and animals. The supremacy of the dinosaurs endured until an asteroid that struck off the coast of what’s now Mexico 66 million years ago doomed the dinosaurs to extinction.
Persons: , Martin Qvarnström, ” Qvarnström, , Grzegorz Niedzwiedzki, Lawrence H, Tanner, ” Tanner, Grzegorz, Qvarnström, Grzegorz Niedźwiedzki Organizations: CNN, Uppsala University, Synchrotron Radiation, Le Moyne Locations: Sweden, Polish, Poland, Sołtyków, Grenoble, France, New York, what’s, Mexico, Uppsala’s
It's been a truism that Ukraine has needed the capability to strike the Russian rear for many years at this point." Related storiesA pattern of late aidThe US and other allies have been repeatedly criticized for slowness and hesitancy in giving Ukraine aid and permissions. One American fighting in Ukraine told BI, "It feels like everything that we've been getting has been either too late or it's just enough to barely hold on." AdvertisementA US Army Tactical Missile System (ATACMS) firing a missile into the East Sea during a South Korea-US joint missile drill. Savill said of Biden's missile decision that "the impact may be more political, albeit with a narrowing window of opportunity."
Persons: Joe Biden, Donald Trump, George Barros, It's, Lockheed Martin, Matthew Savill, Michael Bohnert, ISW, we've, Volodymyr Zelenskyy, There's, Barros, Putin, Bohnert, counterattacking, Savill, Ukraine Biden, Trump Organizations: MGM, Tactical Missile Systems, Lockheed, Storm, UK Ministry of Defence, Royal United Services Institute, Russian Defense Ministry Press Service, AP, Biden, Politico, Reuters, RAND Corporation, NATO, Army Tactical Missile, Korean Defense Ministry, Getty, Ukraine, Trump Locations: Ukraine, Russia, Russian, Kursk —, Ukrainian, Kursk, Russia's Kursk, South Korea
Why Trump is threatening Canada with tariffs
  + stars: | 2024-11-27 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +5 min
AdvertisementPresident-elect Trump on Monday threatened to impose 25% tariffs on imported goods from Canada. In making his statement on Truth Social, Trump criticized Canada over immigration policy and drugs. President-elect Donald Trump this week has made waves with his vow to impose new tariffs on imported goods from Canada, China, and Mexico, which also happen to be the United States' top trading partners. "Canada places the highest priority on border security and the integrity of our shared border." "In addition, the CBSA [Canada Border Services Agency] is continually strengthening its ability to detect opioids through enhanced inspections at ports of entry, detector dogs, and emerging technologies, preventing opioids from entering and leaving Canada."
Persons: Trump, Donald Trump, Justin Trudeau, Canada's, " Trudeau, he'd, Jake Colvin, Chrystia Freeland, Dominic LeBlanc, Trump's Organizations: Social, Canada, Toronto Region Board of Trade, US Border Patrol, Customs, Border Patrol, New York Times, NPR, North American Free, National Foreign Trade Council, Canada Border Services Agency, Business, Trump Locations: Canada, Toronto, China, Mexico, United States, apprehensions
As families gather for Thanksgiving this year, money is one topic that likely won't be discussed. Yet experts say it's a perfect time to start the conversation, particularly with aging parents. More than half of Americans — 56% — say their parents never discussed money with them, according to a recent Fidelity survey of 1,900 adults ages 18 and up. For the wealth they do have, most Americans say they accumulated it on their own, with 80% identifying as self-made and only 5% saying they inherited it, Fidelity found. 1 sign of successYet experts say that not having a plan in place can leave individuals and their families vulnerable when unexpected events happen.
Persons: , David Peterson, Peterson, Warren Buffett, MaryAnne Gucciardi, Gucciardi, there's Organizations: Fidelity, Finance Locations: Cambridge , Massachusetts
Turned on Stolen Device Protection on my iPhoneTotal time: 1 minute Say you're in a public place, like a bar, and lose your phone. To combat this, Apple introduced "Stolen Device Protection" in January 2024. To turn on Stolen Device Protection, make sure your iPhone software is updated to iOS 17.3 or later. From there, you can follow these steps: Go to the Settings app, and select "Face ID & Passcode" Enter your passcode Toggle "Stolen Device Protection"3. Signed up for Informed DeliveryTotal time: 1 minute Informed Delivery is a free service offered by the U.S.
Persons: I've, , Apple Organizations: Social, U.S . Postal Service, Bitwarden
We've been tracking the tour since March and have compiled everything you need to know about how to buy Taylor Swift Vancouver tickets, including Eras Tour resale prices. Eras Tour Vancouver scheduleThe Eras Tour comes to Vancouver on Friday, December 6, 2024, and runs for three shows, concluding on Sunday, December 8, 2024. How to buy Taylor Swift Vancouver ticketsOriginal standard tickets for the Eras Tour sold out long ago on Ticketmaster. How much are Taylor Swift Vancouver tickets? As was the case for the rest of the Eras Tour, Taylor Swift Vancouver tickets are pretty pricey.
Persons: Taylor Swift, Taylor, Swift, Taylor Swift's Organizations: Business, Taylor Swift Vancouver, Vivid, Ticketmaster Locations: Vancouver, Canada, Toronto
Exxon Mobil 's new businesses aimed at lowering carbon-dioxide emissions are a long-term growth engine that will deliver earnings by the end of the decade, according to UBS. UBS has a 12-month price target of $149 for Exxon, indicating about 22% upside from Friday's close of $121.79 per share. The oil major is investing some $20 billion in a suite of emissions-reducing businesses including carbon capture and storage, biofuels, lithium and hydrogen through 2027. Balanced growth Exxon's $20 billion investment in low-carbon businesses represents about 13% of the company's total capital expenditures through 2027. The company's downstream refining and retail sales business should grow earnings by $4 billion starting in 2027, according to UBS.
Persons: Josh Silverstein, Silverstein, Trump Organizations: Exxon Mobil, UBS, Exxon, U.S, Baytown Hydrogen Locations: U.S, Baytown, That's, Guyana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFight for control of the House Financial Services Committee heats upCNBC's Emily Wilkins reports on the fight for control of the House Financial Services Committee.
Persons: Emily Wilkins Organizations: Financial, Financial Services
It ranked 42nd on the 2024 CNBC Disruptor 50 List and was most recently valued at $633 million. Loosararian, 33, says Gecko never would've made it this far if he weren't willing to "go into the unknown and the dirty and unexplored." He means it literally: Loosararian spent parts of the last decade testing robots in dark, dangerous environments, soldering circuit boards in hot, grimy power plant boiler rooms. Ultimately, Loosararian says getting his hands dirty helped set him and Gecko apart from the many potential startups and prospective "innovators" who haven't prospered. "So much of Gecko's success and progress has been just through embracing that value of grit and gritting your teeth," he says.
Persons: Jake Loosararian, Loosararian, Angela Duckworth, Duckworth Organizations: Gecko Robotics, CNBC, University of Pennsylvania, TED
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket is not pricing in much in terms of tariffs or net fiscal impulse: Deutsche BankGeorge Saravelos, the global head of FX research at Deutsche Bank, discusses the potential impact President-elect Donald Trump will have on markets.
Persons: Deutsche Bank George Saravelos, Donald Trump Organizations: Deutsche Bank
AdvertisementJennifer L. Armentrout is releasing the sixth "Blood and Ash" book in June 2025. Armentrout's "Blood and Ash" and "Flesh and Fire" series are interconnected, which can confuse readers. As a devoted reader of fantasy and romance books, it's no surprise I binged Jennifer L. Armentrout's New York Times bestselling "Blood and Ash" series. I've since become a huge fan of "Blood and Ash" and its companion series, "Flesh and Fire," which Armentrout has been publishing since 2021. Armentrout also created a prequel series to 'Blood and Ash'Armentrout has published a prequel series to "Blood and Ash" called "Flesh and Fire."
Persons: Jennifer L, it's, Armentrout's, Sarah J, Maas, Armentrout, Solis, Poppy, Hawke, Seraphena, Sera, It's, Ash, you'll Organizations: Armentrout's New York Times, Blue Box Press, Goodreads Locations: Sera
It is hunting for leaks of methane — an invisible, super-polluting gas that is dramatically warming the planet. Although it’s leaking less overall than the Permian Basin, for example, it’s an older basin — with older, leaky equipment — that’s producing far less oil and gas. Natural gas is flared Andrews, Texas, part of the Permian Basin, in March 2022. Dilapidated equipment tends to be leakier, and in parts of the Caspian Basin, gas is often treated as a waste product and vented or flared. But because of Venezuela’s proximity to the tropics and frequent cloud cover, capturing its methane emissions has proved challenging.
Persons: , Ritesh Gautam, Antoine Halff, Julian Quinones, ” Gautam, Andrews, Joe Raedle, MethaneSAT, Rob Jackson, Jackson, ” Jackson Organizations: CNN, Environmental Protection Agency, Getty, Carbon Project, Stanford University, “ Companies Locations: , Appalachia, Utah’s Uinta, Turkmenistan, Venezuela, Caspian, Andrews , Texas, “ Turkmenistan, Soviet, American
Ralph Lauren's crisp button-down shirting, classic blazers, preppy polos, and polished chinos — among other categories — are on sale now for as much as 40% off via the Ralph Lauren Black Friday Sale. The best Black Friday Ralph Lauren dealsRalph Lauren's clothing is timeless in style and always made with excellent quality. Ralph Lauren Polo Bear Fleece Hoodie $154.99 $188.00 Save 18% There are few characters in the fashion landscape quite as recognizable as the Ralph Lauren Polo Bear. View at Ralph LaurenBlack Friday Ralph Lauren FAQsWhen does the sale start and end? Check out our roundup of all of the best Black Friday deals.
Persons: Ralph Lauren's, polos, Ralph Lauren Black, Ralph Lauren Polo Bear, Ralph Lauren, Ralph Lauren Polo, Ralph Lauren Ralph Lauren, Ralph Lauren Ralph Lauren Big, Lauren, Ralph Lauren Ralph Lauren Loopback Organizations: Business, Fleece Locations: polos, chinos
The White House is in touch with federal law enforcement and the President-elect’s team, and continues to monitor the situation closely. A federal law enforcement source said none of those targeted were protectees of the US Secret Service. “Anytime a Member of Congress is the victim of a ‘swatting’ incident, we work closely with our local and federal law enforcement partners. Lee Zeldin, Trump’s pick to lead the Environmental Protection Agency, posted on X about a pipe bomb threat targeting his home. “A pipe bomb threat targeting me and my family at our home today was sent in with a pro-Palestinian themed message.
Persons: Vance, Donald Trump’s, , , ” Karoline Leavitt, Trump, , Joe Biden, ” “, Jack Smith, Tanya Chutkan, Elise Stefanik, Lee Zeldin, Brooke Rollins Organizations: CNN, FBI, White, Service, Trump, New York, GOP, United Nations, U.S . Capitol Police, US Capitol Police, Environmental Protection Agency, Secret Service, Department of Homeland Security Locations: Saratoga County, Washington, York State, U.S
The best pajamas elevate the every night, and with the holidays around the corner they're a great gift for just about anyone on your list. Especially considering the plethora of Black Friday deals on cozy pajama sets we've already found. That means you can snag favorites like the Women's Dowxntime Pajama Set and Men's Second Skin Sleep Set for 40% off. LAKE Men's Pima Sleep Bundle $150.00 $200.00 Save 25% Can’t decide between pajama pants and shorts? Check out our roundup of all of the best Black Friday deals.
Persons: you've, Tommy John Tommy John, Tommy John, now's, Eberjey, Gisele, You've, it's, terry, Lunya, pant Organizations: Business, Black Locations: Men's Pima
Elon Musk, whose Starlink satellite constellation is the biggest, wields power in the new Trump administration. SpaceX's Starlink and other mega-constellations of satellites could damage the atmosphere in ways we don't yet understand, scientists say. About 100 scientists signed a letter in October asking the Federal Communications Commission, which regulates satellite launches in the US, to pause mega-constellations. A SpaceX Falcon 9 rocket carrying 56 Starlink internet satellites launches from Cape Canaveral, Florida. Without an environmental review, it's unclear what the impact of SpaceX's Starlink plans will be.
Persons: Elon Musk, Trump, SpaceX's Starlink, Putin, Elon, , Jonathan McDowell, Musk, Donald J, Brandon Bell, Paul Hennessy, Joseph Wang, Michelle Hanlon, there's, Starlink Organizations: SpaceX, Research, Federal Communications Commission, Harvard, Getty, Geophysical Research, University of Southern, National Environmental, FCC, NEPA, Center for Air, Space, University of Mississippi School of Law, Trump, of Government, Federal Aviation, California Coastal Commission Locations: Russia, Cape Canaveral , Florida, University of Southern California, Texas, California
If those new retirees take Social Security benefits before their full retirement age — which is 66 to 67, depending on date of birth — they take permanently reduced benefits. The median age for claiming Social Security benefits is 64, according to EBRI. They may lose five years of income, assuming they intended to retire at their full retirement age of 67, Collinson said. They may also lose potential employer-sponsored retirement benefits and additional credits towards their Social Security work history. Reset financial goals after an early retirementPeople who are forced into early retirement may not have a lot of financial flexibility.
Persons: Catherine Collinson, Collinson, They're, Ted Jenkin, Jenkin Organizations: Transamerica Institute, Transamerica Center, Retirement Studies, Social, Social Security, CNBC FA Council Locations: Atlanta
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Martin Marietta, Datadog, Bristol-Myers, Eli Lilly and DisneyThe Investment Committee debate the latest Calls of the Day.
Persons: Martin Marietta, Myers, Eli Lilly Organizations: Disney The Locations: Datadog, Bristol
Several current federal employees told CNN they’re afraid their lives will be forever changed – including physically threatened – as Musk makes behind-the-scenes bureaucrats into personal targets. “These tactics are aimed at sowing terror and fear at federal employees,” said Everett Kelley, president of the American Federation of Government Employees, which represents more than 800,000 of the 2.3 million civilian federal employees. CNN reached out to all four federal employees who either declined comment or were unable to be reached. Cummings said she already knows of federal employees who “have dedicated their lives to civil service,” already quitting their jobs in anticipation of what’s to come. Ramaswamy did not directly respond to questions about singling out individual federal employees but told CNN: “Most federal employees, like most human beings, are fundamentally good people and deserve to be treated with respect, but the real problem is the bureaucracy.”“Our opponent is not any particular individual.
Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, , Musk, CNN they’re, , Everett Kelley, “ It’s, , , Mary “ Missy ” Cummings, Tesla, , Biden, ” Musk, emojis, ” Kelley, it’s, Missy Cummings, Cummings, Musk’s, Ramaswamy, ” Cummings, “ I’m Organizations: CNN, American Federation of Government Employees, George Mason University, Traffic Safety Administration, Civil, US International Development Finance Corporation, Musk’s Department, Government, of, Tesla Motors, Department of Health, Human Services, HHS, Health, Department of Housing, Urban, DOE, HUD, Twitter, US Navy
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