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☆ Trump’s new chief of staff is an unassuming figure in his brash inner circle. She’s also one of its most effective operators.
▼ + stars: | 2024-11-09 | by ( Steve Contorno | ) edition.cnn.com time to read: +12 min

Neither Wiles nor Trump’s transition team immediately responded when asked if Wiles would soon step away from her position at Mercury. “The clown car can’t come into the White House at will,” the source said. She worked on Ronald Reagan’s 1980 presidential campaign and then in his White House. He then gave her nearly unfettered leeway to operate his Florida campaign as she saw fit. Florida Sen. Marco Rubio posted on social media: “President Trump has chosen a strong, intelligent woman to serve as White House Chief of Staff.”

Persons: Donald Trump, America’s, –, Dana White –, Susie Wiles, Wiles, Trump’s, Trump, Susie, ” Trump, ”, Chris LaCivita, ” Michael Caputo, ‘, —, Jared Moskowitz, Charlie Kirk, Kevin McCarthy, “ Susie Wiles, ” Kirk, doesn’t, John Kelly, Reince Priebus, you’ve, Kelly, Mick Mulvaney, Mark Meadows, Pat Summerall, Jack Kemp, Kemp, Ronald Reagan’s, Rick Scott, Jon Huntsman, Huntsman, Mitt Romney, Brian Ballard, Jeb Bush, Marco Rubio, “, Ron DeSantis, DeSantis, James Blair, Blair, Mark Cuban, Florida Sen Organizations: Palm Beach , Florida CNN, Fighting, White, Trump, CNN, Mercury, Swisher International, Ballard Partners, carmaker, Motors, Military Management, Children’s Hospital Association, Staff, US Capitol, of Justice, Sunshine State, NFL, Rep, New York Giants, Utah Gov, Florida, Republican, Electoral College, Republicans Locations: Palm Beach , Florida, Pennsylvania, Washington, Mar, Florida, DC, America, Trump, Jacksonville, Manhattan

☆ Young Chinese are ditching planes to travel long distances by train and bus. Meet the ‘iron butt’ travelers
▼ + stars: | 2024-11-08 | by ( Chris Lau | Joyce Jiang | ) edition.cnn.com time to read: +7 min

A growing group of Chinese travelers are now turning to extreme forms of transportation for their vacations. They call themselves “iron butt” travelers – inspired by the amount of time they spend traveling on uncomfortable seats that make flesh start to feel like metal. Iron butt travel lets me visit more places for less money,” another self-identified “iron butt” traveler, 27-year-old Peng Fei, told CNN. But that doesn’t mean he and his fellow “iron butt” travelers have to compromise the fun. Now, though, iron butt travelers are redefining – or perhaps gentrifying – this form of travel.

Persons: Hong Kong CNN — Lin En, Lin, isn’t, Lin En, Peng Fei, ‘, ”, I’d, “, Lin En's, Lin En, Peng, “ I’ve, They’re Organizations: Hong Kong CNN, CNN, Tibet Autonomous, United Arab Emirates Locations: Hong Kong, Xinjiang, China’s, Astana, Kazakhstan’s, China, Kazakhstan, Laos, Kunming, Huay, Thailand, Myanmar, megacities, Beijing, Shanghai, Lhasa, Tibet, Tibet Autonomous Region, Guangzhou, Central Asia, Europe, Turkey, Armenia, Georgia, Uzbekistan, Tibet Autonomous, Egypt

☆ What the Fed’s interest rate cuts mean for your money
▼ + stars: | 2024-11-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

But that doesn’t mean as a result interest rates are now low — or will soon be low. “‘Falling interest rates’ are not the same as ‘low interest rates.’ Interest rates are high and will only decline to ‘not as high’ as … we move into 2025,” said Greg McBride, chief financial analyst at Bankrate. Credit cards: Just before the Fed cut its key rate in September, the average credit card rate was 20.78%, according to Bankrate. Another option: Try transferring your balance to a credit card from a credit union or local bank. Before the Fed’s September rate cut many of those accounts were offering yields between 4.25% and 5.3%, according to those listed on Bankrate.com.

Persons: ”, Greg McBride, Matt Schulz, Chris Diodato, they’re, Freddie Mac, Sam Khater, Freddie Mac’s, ” McBride, Sinead Colton Grant, Colton Grant, “, Don’t, Diodato, you’re, BNY, they’ve Organizations: CNN, Reserve, Bankrate, Fed, LendingTree, Treasury, Savings Locations: Treasuries

☆ Fintechs Upstart and Toast soar on earnings
▼ + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Toast , which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021. Toast is still well off its pandemic highs of 2021, but the stock has now more than doubled this year. The company's adjusted earnings forecast of $90 million to $100 million for the current quarter sailed past estimates. Coinbase shares jumped 48% for the week, their strongest performance since January 2023.

Persons: Chris Comparato, David Girouard, Donald Trump's, Coinbase, Trump, Gary Gensler, Bitcoin, dogecoin, fintechs, Jack Dorsey's, Robinhood Crypto Organizations: Inc, New York Stock Exchange, Nasdaq, SEC Locations: fintech, solana

☆ Expect further restrictions on chipmaking equipment and AI in second Trump term: Wolfe's Chris Caso
▼ + stars: | 2024-11-08 | 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 further restrictions on chipmaking equipment and AI in second Trump term: Wolfe's Chris CasoChris Caso, Wolfe Research senior analyst, joins 'Squawk Box' to discuss what the incoming Trump administration could mean for the chips sector, effectiveness of the CHIPS and Science Act, and more.

Persons: Chris Caso Chris Caso, Trump Organizations: Trump, Wolfe Research

☆ Camilla makes it her mission to end domestic violence
▼ + stars: | 2024-11-08 | by ( Kathy Rose Obrien | Kathy Rose O'Brien | ) edition.cnn.com time to read: +4 min

A list of resources for domestic violence victims follows this article. CNN —Queen Camilla has teamed up with an all-female production crew in a powerful new documentary, airing next week, in which she vows to eradicate domestic abuse. The film’s campaigners highlight the role that coercive control plays in domestic abuse, with perpetrators not necessarily targeting the obviously vulnerable. For Camilla, she accepts that there has been progress but insists that there is still a lot of work to be done to eradicate domestic abuse. Getting help around the worldIf you or someone you know is being affected by domestic violence, a worldwide list of directories is provided by UN Women.

Persons: Camilla, Miss England, Queen Camilla, Rehema Muthamia, Emma Armstrong, Alice Liveing, Sharon Baker, Chris Jackson, Baker, –, ” Baker, ” Organizations: CNN’s Royal, CNN, Avon and Somerset Police, ITV1, UN Locations: Miss, England, Wales, Avon

☆ Regional banks are rallying on prospect of reduced financial regulation, says KBW's Chris McGratty
▼ + stars: | 2024-11-08 | 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 EmailRegional banks are rallying on prospect of reduced financial regulation, says KBW's Chris McGrattyChris McGratty, KBW head of U.S. bank research, joins CNBC's 'Power Lunch' to discuss what's behind the rally in regional bank stocks, how this rally differs from 2016, and more.

Persons: Chris McGratty Chris McGratty

☆ Prince William said it's been the 'hardest year' of his life. It marks a shift for the royal family's image.
▼ + stars: | 2024-11-08 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

William's openness marks a shift from the royal family's traditional PR approach. AdvertisementPrince William this week opened up about his "brutal" year amid King Charles and Kate Middleton's respective cancer diagnoses. By all accounts, it has been another difficult year for the Royal Family. The royal family wasn't initially as forthcoming about the Princess of Wales' cancer diagnosis. Kate Middleton and Prince William attended King Charles' coronation day in May 2023.

Persons: Prince William, —, William, King Charles, Kate Middleton's, it's, Queen Elizabeth II's, Robert Hardman, Richard Fitzwilliams, It's, Fitzwilliams, Elizabeth II, Queen Elizabeth II, Charles , Prince Andrew, Princess Anne, Buckingham, Charles, Rishi Sunak, he'd, wasn't, Princess, Wales, Kate Middleton, Max Mumby, Kate, Elizabeth, Gyles Brandreth, Chris Jackson, William's, Jack Johnson, Jane Owen, Russell Myers, Lorraine, Myers, Owen Organizations: Service, Queen, British, relatability, Sunday Times, National Health Service, Getty Images, REUTERS, ITV, Business Locations: Cape Town, Windsor, Buckingham, king's Duchy, Lancaster, William's Duchy, Cornwall, Kensington

☆ Goldman Sachs upgrades BioNTech to buy, sees stock surging more than 25%
▼ + stars: | 2024-11-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Goldman Sachs is optimistic on BioNTech as a result of a new oncology asset. The bank upgraded shares of the German biotechnology firm to a buy rating from neutral. Analyst Chris Shibutani accompanied the move by hiking his price target to $137 from $90, which implies upside of $27%. BNTX YTD mountain BNTX YTD chart BioNTech can also support an innovative and expansive clinical development program for BNT327 that could challenge the status quo of immune-oncology regimens, Shibutani added. Of the 19 who cover it, 12 have buy or strong buy ratings on BioNTech, LSEG data shows.

Persons: Goldman Sachs, Chris Shibutani, BNTX

☆ Indeed prepares for 2025 rollout of its new AI tool, Pathfinder, which aims to help job seekers
▼ + stars: | 2024-11-08 | by ( Julia Hood | Tim Paradis | ) www.businessinsider.com time to read: +4 min

Indeed is launching an AI-powered tool called Pathfinder to help job seekers discover career paths. Jessica Jensen, Indeed's chief marketing officer, said the focus will be on positioning Indeed as a "livelong talent agent." The new product comes as job seekers report profound frustration with the hiring process, citing indignities like "ghost jobs" and overwhelming competition. Related storiesThe company's internal marketing team is executing the product launch, and channels will include email, events, and job seeker content. "Outreach on the part of employers is so valuable and drives better results for job seekers and employers."

Persons: Jessica Jensen, —, Chris Hyams, Hyames, you've, Hymes, " Hyams, it's, Jessice Jensen, Jensen Organizations: Service, Pathfinder, BI, Companies

Millions of Americans risk losing subsidies next year that help them pay for health insurance following President-elect Donald Trump’s election win and Republicans’ victory in the Senate. Even Democratic control of the House likely won’t save the subsidies, he added. As of Thursday afternoon, House Republicans had won 209 seats, just nine short of the majority, according to an NBC News tracker. In 2024, more than 20 million people got health insurance through the ACA, according to the Centers for Medicare and Medicaid Services. “This means fewer people will know their rights under the law and many will not sign up for ACA health care plans.

Persons: Donald Trump’s, —, Trump, Chris Meekins, Raymond James, “, ”, Meekins, Cynthia Cox, Cox, ” Cox, Lawrence Gostin, ” Gostin, Gostin Organizations: Republicans ’, Senate, American, Republicans, White House, GOP, HHS, NBC, Centers, Medicare, Services, Congressional, Trump, CBO, Congress, O’Neill Institute for National, Global Health Law, Georgetown University, ACA Locations: Southern, KFF

☆ Trump announces campaign manager Susie Wiles as White House chief of staff
▼ + stars: | 2024-11-07 | by ( Steve Contorno | ) edition.cnn.com time to read: +4 min

CNN —Donald Trump announced on Thursday that his campaign manager, Susie Wiles, will be named his White House chief of staff. “Susie Wiles just helped me achieve one of the greatest political victories in American history, and was an integral part of both my 2016 and 2020 successful campaigns,” the president-elect said in a statement. It is a well deserved honor to have Susie as the first-ever female Chief of Staff in United States history. “Susie Wiles ran Trump’s best campaign of the three, and it wasn’t particularly close,” Turning Point USA CEO Charlie Kirk wrote on X. The president, and America, would be well served with Susie in that key role.”CNN’s Kaitlan Collins and Kevin Liptak contributed to this report.

Persons: Donald Trump, Susie Wiles, “ Susie Wiles, Susie, ” Trump, Wiles, Trump, Laura Loomer, Brooke Rollins, Rollins, —, Kamala Harris, Pat Summerall, Chris LaCivita, Trump’s, Charlie Kirk, doesn’t, ” CNN’s Kaitlan Collins, Kevin Liptak Organizations: CNN, White, Staff, United, Policy, Pentagon, NFL, Trump, Palm Beach Convention Locations: United States, Trump, Florida, Palm Beach, America

☆ With Trump's White House win, the clock is ticking on over $6 billion in Ukraine aid
▼ + stars: | 2024-11-07 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

The clock is ticking on getting Ukraine that support before Trump takes office. Trump's return to the White House could threaten US support for Ukraine. AdvertisementPresident-elect Donald Trump will be returning to the White House, and that means the clock is now ticking on getting billions of dollars in US aid to Ukraine. AdvertisementA Pentagon spokesperson told Business Insider it's on track to get the Ukraine aid out before mid-January, but it'll be a heavy lift. Kyiv has repeatedly asked the Biden administration to do so, but the White House has maintained the position that such action would be escalatory.

Persons: Biden, Trump, Trump's, —, Donald Trump, it'll, Sean Gallup, George Barros, Volodymr Zelenskyy, I've, he'd, Zelenskyy, Serhii Mykhalchuk, Barros, Mark Rutte Organizations: Service, White, Pentagon, Biden, Politico, Getty, Institute for, Russian, Trump, Kyiv, NATO Locations: Ukraine, Russia, Gaza, Moscow

UFC media rights are up for renewal next year, and TKO Group Chief Operating Officer Mark Shapiro tells me he thinks Netflix could be getting in the ring. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports.

Persons: Alex Sherman, Mark Shapiro, Shapiro, They've, We've, Ted Sarandos, Sarandos, it's, Jake Paul, Mike Tyson, Netflix hasn't, we're, Tyson, Paul, It's, Vince McMahon, McMahon, He's, he's, –, We're, Dick Clark, Paul Levesque, Dana White, Stan Kasten, Adam Silver, Adam, I'm, That's, Juan Soto, Shohei, Ohtani, Kasten, Jonathan Kraft, Sportico's, Kraft, Babe Ruth, Collect, Ruth, Red Ruth, Deiveson Figueiredo, Brandon Moreno, Louis Grasse Organizations: CNBC, UFC, Netflix, WWE, Disney, MMA, National Football League, NFL, Dick Clark Productions, Golden Globe, –, Professional Bull Riders, Endeavor, PGA Tour, Comcast, Dodgers, NBA, Major League Baseball, New York Yankees, Nice, CNBC Sport, Ham Fighters, Summer, NBC, Tennis, Consumers, New England Patriots, Boise State, Louis Locations: U.S, Canada, It's, Los Angeles, Ohtani's, Hokkaido Nippon, Oregon, Gila, Glendale , AZ

He has lavished praise on his campaign co-chairs, Chris LaCivita and Susie Wiles – who Trump named as his White House chief of staff on Thursday evening. In the 2016 election, Trump lost the popular vote to Hillary Clinton – and he repeatedly claimed falsely that he had won it. Trump’s priority is to finalize his Cabinet and senior White House staff, and the second wave is to sort deputy secretaries. Trump’s aides, however, anticipate that he will make use of the golf courses at Andrews Air Force Base when back in the White House. Trump mostly golfed at his club in Virginia while at the White House during his term.

Persons: Donald Trump, Chris LaCivita, Susie Wiles –, Trump, he’s, Hillary Clinton –, Elon Musk, Musk, ’ Trump, Jason Miller, ” Miller, Joe Biden, Kamala Harris, Biden, ” Trump, Harris, Trump’s, Barack Obama, Andrews, CNN’s Zachary Cohen Organizations: Palm Beach , Florida CNN —, Trump, White, White House, CNN, NBC News, Andrews Air Force Base Locations: Palm Beach , Florida, Florida, Lago, Virginia

☆ Video: Anna Kendrick describes the ‘complete fiction’ that George Clooney told her that she’s grateful for
▼ + stars: | 2024-11-07 | by ( Chris Wallace | ) edition.cnn.com time to read: 1 min

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☆ NFL midseason predictions for every team: Kirk Cousins wins comeback award; NFC East champ is …?
▼ + stars: | 2024-11-07 | by ( The Athletic Nfl Staff | ) www.nytimes.com time to read: +28 min

Our NFL writers addressed these topics and more in making one prediction for every team heading into the season’s second half. The fourth-year back is on pace to finish with 1,256 yards, which would be the fourth-highest total in team history. Every other NFL team has put a player in at least one of those categories during that stretch — and most teams have checked both boxes. Minnesota has one of the most productive defenses in the NFL and an offense loaded at the skill positions. And the Eagles have managed to win games despite bad luck and bad decisions.

Persons: — Doug Haller Kirk Cousins, Cousins, Joe Burrow, Burrow, Cousins ’, — Josh Kendall, Kirk Cousins, Lamar Jackson, Jackson, he’s, Jared Goff, Jayden Daniels, Josh Allen, Saquon Barkley, Derrick Henry, Jeff Zrebiec Khalil Shakir, Shakir, — Joe Buscaglia, Chuba Hubbard, Panthers haven’t, Christian McCaffrey, Hubbard, Jonathon Brooks, Dave Canales, — Joseph Person, Caleb Williams, Quinn Harris, Goff, — Adam Jahns, There’s, — Paul Dehner Jr, Watson, Dee Haslam, — Zac Jackson, — Zac Jackson Dallas Cowboys Brandon Aubrey, Aubrey, Bryan Anger, Cooper Rush, Aubrey doesn’t, — Saad Yousuf, Courtland, Sutton, Phillip Lindsay squeaked, wasn’t, Bo Nix, Nick Kosmider, Ben Johnson’s, Aidan Hutchinson, Brian Branch, Kerby Joseph, Za’Darius Smith, — Colton, Xavier McKinney, McKinney, hasn’t, Kyler Murray, Stroud, Ryan Downard, Downard, McKinney texted Downard, Green, ” Downard, — Matt Schneidman, — Mike Jones, — Mike Jones Indianapolis Colts Anthony Richardson, Shane Steichen, Richardson, Joe Flacco, — James Boyd, Doug Pederson doesn’t, it’ll, Trevor Lawrence’s, — Jeff Howe, Hopkins, David Eulitt, Kansas City Chiefs DeAndre Hopkins, Xavier Worthy, Travis Kelce, Patrick Mahomes, Nate Taylor, Antonio Pierce, Mark Davis, Pierce, “, ” Davis, He’s, It’s, Vic Tafur, Tashan Reed, Tashan Reed Los Angeles Chargers Justin Herbert, Herbert, — Daniel Popper, Jonah Jackson, Steve Avila, Puka, Matthew Stafford, Kyren Williams, — Jourdan, Tua Tagovailoa, they’re, Jim Ayello, Kevin O’Connell, Brian Flores, — Alec Lewis Drake Maye, Drake Maye, Williams, New England’s, Chad Graff, Sean Payton, Mike Ditka, Dennis Allen, Darren Rizzi, Hurricane Katrina, Payton, Drew Brees, — Larry Holder, Daniel Jones, Jones, Brian Daboll, — Charlotte Carroll Davante Adams, Joe Sargent, wouldn’t, Woody Johnson, Aaron Rodgers, Davante Adams, Jeff Ulbrich, Zack Rosenblatt, Nick Sirianni, — Brooks, Watt, Pro Bowler, Minkah Fitzpatrick, Arthur Smith, Russell Wilson, Mike Tomlin, — Mike DeFabo, — Matt Barrows, DK Metcalf, Julian Love, Devon Witherspoon, Geno Smith, Metcalf, Smith, Love, Witherspoon, Riq, Leonard Williams, Boye Mafe, Ken Walker III, that’s, Michael, Shawn Dugar, Shawn Dugar Tampa Bay Buccaneers Mike Evans, Evans, Chris Godwin, Jerry Rice’s, — Dan Pompei, — Dan Pompei Tennessee Titans Will Levis, Levis ’, — Joe Rexrode Washington, Mike Sainristil, PFF, Sainristil, Emmanuel Forbes Jr, Michael Davis, Malik Nabers, Noah Igbinoghene, Marshon Lattimore, Benjamin St, Juste, — Ben Standig, Dan Goldfarb, Khalil Shakir, Perry Knotts, Cooper Neill, Ric Tapia Organizations: NFL, NFC, Cardinals, West, Bengals, Falcons, Panthers, Bears, Lions, Soldier, — Adam Jahns Cincinnati Bengals Bengals, Chargers, Broncos, Titans, Browns, Cowboys, AFC, Colts, Cincinnati, Denver, Steelers, Cleveland Browns Browns, — Zac Jackson Dallas Cowboys, T, Saints, Nick Kosmider Detroit Lions, Detroit, Chiefs, Giants, Pro, Packers, Texans, C.J, Jaguars, — Matt Schneidman Houston Texans Houston, AFC South, Dallas, Kansas City, Tennessee ., Houston, — Mike Jones Indianapolis Colts, Flacco, — James Boyd Jacksonville Jaguars Jacksonville, — Jeff Howe Chiefs, Kansas City Chiefs, Buccaneers, Raiders, Tashan Reed Los Angeles Chargers, — Daniel Popper Los Angeles Rams Rams, Rams, Miami, Seattle, Los Angeles, Miami Dolphins, Dolphins, Vikings, Patriots, New, Williams ’ Chicago Bears, Our NFL, New Orleans Saints, Getty, Jets, Eagles, NFC East, Washington, Philadelphia, The Eagles, Ravens, Pittsburgh Steelers, Fame, Pittsburgh, San Francisco 49ers, 49ers, The Rams, Arizona Cardinals, Pro Bowler, Seahawks, Pro Bowlers, Derick, Shawn Dugar Tampa Bay Buccaneers, Bucs, — Dan Pompei Tennessee Titans, Sunday’s Locations: Arizona, Green, San Francisco, Detroit, Los Angeles, Cleveland, takeaways, Dallas , Tennessee, Jacksonville, Miami, Baltimore, Indianapolis, Khan’s, Los, Scoop, Minnesota, Carolina . New Orleans, New Orleans, Tampa, Philadelphia, Washington, T.J, Levi’s, Metcalf, Levis

☆ See the 95 executives Goldman Sachs tapped to join its exclusive partnership — a record high under David Solomon
▼ + stars: | 2024-11-07 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

Goldman Sachs on Thursday promoted 95 executives to its partnership. AdvertisementDavid Solomon, CEO of Goldman Sachs. The average tenure of the partner class is 16 years at Goldman Sachs. Marine Abiad, Global Banking & Markets, ParisBenny Adler, Global Banking & Markets, New YorkAdvertisementShahzad Ali, Controllers, New YorkAsh Ang, Global Banking & Markets, SingaporeLucia Arienti, Global Banking & Markets, LondonMatthew Armas, Asset & Wealth Management, New YorkAdvertisementPatrick Armstrong, Asset & Wealth Management, New YorkSebastian Ayton, Global Banking & Markets, ParisAmitayush Bahri, Asset & Wealth Management, LondonRob Barlick Jr, Asset & Wealth Management, MiamiAdvertisementDavid Bear, Global Banking & Markets, New YorkAmanda Beisel, Controllers, New YorkJeff Bernstein, Asset & Wealth Management, New YorkLyla Bibi, Global Banking & Markets, New YorkAdvertisementAnne Bizien, Global Banking & Markets, ParisTristan Blood, Asset & Wealth Management, LondonBrittany Boals Moeller, Asset & Wealth Management, AtlantaMarc Boheim, Asset & Wealth Management, LondonAdvertisementChris Bonner, Global Banking & Markets, New YorkKevin Boova, Global Banking & Markets, New YorkRelated storiesOonagh Bradley, Compliance, LondonTimothy Braude, Asset & Wealth Management, New YorkAdvertisementSteven Budig, Asset & Wealth Management, New YorkJacqueline Cassidy, Global Banking & Markets, New YorkSorubh Chandani, Asset & Wealth Management, New YorkPamela Codo-Lotti, Global Banking & Markets, New YorkAdvertisementBracha Cohen, Asset & Wealth Management, New YorkShaun Cullinan, Asset & Wealth Management, New YorkMarc d'Andlau, Global Banking & Markets, ParisAdam Davis, Global Banking & Markets, New YorkAdvertisementMatthew Doherty, Asset & Wealth Management, New YorkJason Eisenstadt, Global Banking & Markets, New YorkAshley Everett, Global Banking & Markets, New YorkAlex Finston, Global Banking & Markets, New YorkAdvertisementAlison Flood, Global Banking & Markets, New YorkArvind Giridhar, Global Banking & Markets, New YorkAshwin Gupta, Asset & Wealth Management, New YorkSonia Gupta, Global Banking & Markets, San FranciscoAdvertisementTerry Hagerty, Global Banking & Markets, New YorkRobert Hamilton Kelly, Asset & Wealth Management, West Palm BeachAxel Hoefer, Global Banking & Markets, FrankfurtDylan Hogarty, Global Banking & Markets, New YorkAdvertisementTim Holliday, Corporate Treasury, LondonKazuya Iketani, Global Banking & Markets, TokyoSumedh Jaiswal, Global Banking & Markets, LondonKyle Jessen, Global Banking & Markets, San FranciscoAdvertisementLotfi Karoui, Global Investment Research, New YorkFeroz Khosla, Global Banking & Markets, New YorkLarry Kleinman, Tax, New YorkJared Klyman, Asset & Wealth Management, New YorkAdvertisementDaniel Korich, Global Banking & Markets, New YorkRebecca Kruger, Global Banking & Markets, New YorkKosuke Kurosawa, Global Banking & Markets, TokyoShane Lee, Global Banking & Markets, CalgaryAdvertisementMichael Leister, Global Banking & Markets, New YorkMatthew Leskowitz, Global Banking & Markets, New YorkHilary Lopez, Asset & Wealth Management, LondonCedric Lucas, Asset & Wealth Management, New YorkAdvertisementMazen Makarem, Global Banking & Markets, New YorkMatthew Mason, Global Banking & Markets, Hong KongJans Meckel, Global Banking & Markets, ParisPatrick Moran, Legal, New YorkAdvertisementLeonie Morel, Global Banking & Markets, LondonJohn O'Connor, Global Banking & Markets, New YorkSteve Orr, Global Banking & Markets, New YorkLeke Osinubi, Engineering Division, New YorkAdvertisementElizabeth Overbay, Platform Solutions, New YorkJonathan Perry, Engineering Division, LondonThomas Plank, Global Banking & Markets, SingaporeCaitlin Pollak, Global Banking & Markets, New YorkAdvertisementLing Pong, Asset & Wealth Management, Hong KongJoe Porter, Global Banking & Markets, San FranciscoVishaal Rana, Global Banking & Markets, New YorkAlexandre Reinert, Global Banking & Markets, Hong KongAdvertisementMonique Rollins, Corporate Treasury, New YorkMarcos Rosenberg, Asset & Wealth Management, RichardsonMarc Schaffer, Global Banking & Markets, New YorkJan Scheffel, Global Banking & Markets, LondonAdvertisementRahul Sharma, Engineering Division, Menlo ParkEric Sheridan, Global Investment Research, New YorkSalil Sheth, Global Banking & Markets, New YorkJonathan Shugar, Global Banking & Markets, New YorkAdvertisementAlyson Shupe, Asset & Wealth Management, New YorkAaron Siegel, Global Banking & Markets, New YorkAdam Siegler, Global Banking & Markets, New YorkCraig Smart, Global Banking & Markets, New YorkAdvertisementAndre Souza, Global Banking & Markets, LondonThom Spoto, Asset & Wealth Management, West Palm BeachLesley Steele, Risk, LondonTeppei Takanabe, Global Banking & Markets, TokyoAdvertisementLaura van Alkemade, Global Banking & Markets, LondonDennis Walsh, Asset & Wealth Management, New YorkAlexandra Wilson-Elizondo, Asset & Wealth Management, New YorkSylvia Yeh, Asset & Wealth Management, New

Persons: Goldman Sachs, David Solomon, —, Solomon, John Waldron, Goldman, Michael Kovac, Beth Hammack, Stephanie Cohen, Katie Koch, Paris Benny Adler, Shahzad Ali, York Ash Ang, Singapore Lucia Arienti, London Matthew Armas, Patrick Armstrong, New York Sebastian Ayton, Paris Amitayush, London Rob Barlick Jr, David Bear, New York Amanda Beisel, Jeff Bernstein, New York Lyla Bibi, Anne Bizien, Tristan Blood, London Brittany Boals Moeller, Atlanta Marc Boheim, Chris Bonner, New York Kevin Boova, Oonagh Bradley, Timothy Braude, Steven Budig, Jacqueline Cassidy, New York Sorubh, New York Pamela Codo, Bracha Cohen, Shaun Cullinan, New York Marc d'Andlau, Paris Adam Davis, Matthew Doherty, New York Jason Eisenstadt, New York Ashley Everett, New York Alex Finston, Alison Flood, New York Arvind Giridhar, Ashwin Gupta, New York Sonia Gupta, Terry Hagerty, New York Robert Hamilton Kelly, Beach Axel Hoefer, Frankfurt Dylan Hogarty, Tim Holliday, London Kazuya Iketani, Kyle Jessen, Lotfi, New York Feroz Khosla, New York Larry Kleinman, New York Jared Klyman, Daniel Korich, New York Rebecca Kruger, New York Kosuke Kurosawa, Tokyo Shane Lee, Michael Leister, New York Matthew Leskowitz, New York Hilary Lopez, London Cedric Lucas, Mazen, New York Matthew Mason, Hong Kong Jans, Paris Patrick Moran, Leonie Morel, London John O'Connor, Steve Orr, New York Leke, Elizabeth Overbay, New York Jonathan Perry, Thomas Plank, Singapore Caitlin Pollak, Ling, Hong Kong Joe Porter, San Francisco Vishaal Rana, New York Alexandre Reinert, Monique Rollins, New York Marcos Rosenberg, Richardson Marc Schaffer, New York Jan Scheffel, Rahul Sharma, Eric Sheridan, New York Salil, New York Jonathan Shugar, Alyson, Aaron Siegel, New York Adam Siegler, New York Craig Smart, Andre Souza, London Thom Spoto, Palm Beach Lesley Steele, Laura van Alkemade, London Dennis Walsh, New York Alexandra Wilson, New York Sylvia Yeh, Piotr Zurawski, Emmalyse Brownstein, Reed Alexander Organizations: Service, Goldman, Business, Wall Street, Global Banking, Markets, Paris, New, Wealth Management, Asset, London, Atlanta, Compliance, San, Beach, Frankfurt, Corporate Treasury, Global Investment Research, Hong, Engineering Division, Solutions, Engineering, Menlo, Palm Beach Locations: Wall, New York, York, Singapore, London, Paris, Paris Amitayush Bahri, Miami, New, San Francisco, Tokyo, Calgary, Hong Kong

☆ Elon Musk went all-in on Pennsylvania — and his expensive effort paid off big time
▼ + stars: | 2024-11-07 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

Beyond appearing beside Trump, Musk hosted his own events in Pennsylvania. AdvertisementMuch of Musk's work in Pennsylvania happened through the super PAC he created, America PAC. Musk, the Trump campaign, and the Harris campaign did not respond to requests for comment for this article. Jeff Swensen/Getty ImagesBut Charlie Gerow, a Republican strategist in Pennsylvania, told BI on Wednesday that Musk's positive effort was undoubtedly felt on the ground. America PAC didn't just rely on traditional door-knocking — it also turned to novel methods, including some that landed the group in legal jeopardy.

Persons: Elon, Trump, —, Elon Musk, Donald Trump, Musk, JIM WATSON, Tom Eddy, he's, Eddy, Harris, Chris Young, Daniel Fee, Jeff Swensen, Charlie Gerow, America PAC's, Patricia Poprik, Christian Nascimento, John Dreher, Samuel Corum, Donald Green, Green, I'm, Lucky Organizations: PAC, Service, Pennsylvania, Keystone State, Trump, Keystone, Getty, Erie County Republican, America PAC, Federal, Commission, New York Times, Republican, America, Democratic, Business, Times, Bucks County Republican, Montgomery County Republican, of Justice, Philadelphia District, Columbia University, White, Electoral Locations: Pennsylvania, Butler County ,, Pittsburgh, Butler , PA, Erie County, America, Bucks County, Montgomery County, Harrisburg , PA

☆ What Trump's win means for retail giants like Walmart, Target, and Costco
▼ + stars: | 2024-11-07 | by ( Dominick Reuter | Nora Redmond | ) www.businessinsider.com time to read: +7 min

Trump's second term likely means changes are on the way that will impact retailers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump's return to the White House is likely to usher in sweeping changes that will impact retailers like Walmart, Target, and Costco — ranging from new tariffs to tax cuts and a new regulatory environment. Trump's campaign promises, along with his prior term record, offer some insights into what major retailers can expect from his second term. Advertisement"That's actually very unhelpful for a lot of retailers, especially in areas like technology, which a lot of retailers are involved," he said.

Persons: —, Donald Trump's, Donald Trump, Neil Saunders, it's, John David Rainey, Trump, Chris Walton, Walton, Jonathan Gold, Johns, Tinglong Dai, Saunders, He's, Lina Khan Organizations: Service, Walmart, Target, Costco, TractorTractor, Dick's Sporting Goods, Data, Omni, National Retail Federation, Trump, Pew Research, Federal, FTC, Kroger, Albertsons, Republican Locations: China, Johns Hopkins, Washington

☆ A top mind at JPMorgan Asset Management warns of clear economic red flag after Trump's big win, despite soaring US stocks
▼ + stars: | 2024-11-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

US stocks had one of their best days in years and hit new records after Trump's resounding win over Kamala Harris in Tuesday's election. Both of those moves make sense, said David Kelly, the global strategy chief at JPMorgan Asset Management, in an interview on Wednesday. AdvertisementThe strategy chief has been adamant that higher tariffs — one of Trump's key proposals — would cripple the US economy and endanger the global economic expansion. Related storiesMost economists condemn tariffs, which are taxes on imports, because they tend to lead to higher prices and lower economic growth. Sean Gallagher, the global head of Lazard's small-cap equity platform, made a similar point in a recent interview with Business Insider when asked about Trump's tariffs and Kelly's stance.

Persons: Stocks, Donald Trump, David Kelly, Wall, he's, —, Donald Trump's, Trump's, Kamala Harris, Kelly, Trump, Mahatma Gandhi, I'm, I've, Tom Orlik, who's, Chris Murphy, Susquehanna's, Orlik, Sean Gallagher, Gallagher, maven, He's, inflation's Organizations: House . Market, Service, Nasdaq, US, JPMorgan Asset Management, Republican, JPMAM, Bloomberg Economics, Business, Trump Locations: Tuesday's

☆ Southern California wildfires: 27 million people face ‘life-threatening’ fire warning
▼ + stars: | 2024-11-07 | by ( Karina Tsui | ) edition.cnn.com time to read: +7 min

The National Weather Service issued a Red Flag warning until 6 p.m. Thursday – which is used to describe “extreme and life-threatening fire behavior.” The warning is expected to affect 27 million people in Southern California and the greater San Francisco Bay area. More than 14,000 people remain under evacuation orders, according to the Ventura County Sheriff’s Office. Kapoor added that fires are part of the “Los Angeles reality” and all professors could do was follow guidance from emergency officials and reassure students. The Mountain Fire in Ventura County, California, has damaged or destroyed several homes, officials said. More than 11,000 Southern California Edison customers across five counties had power shut off Wednesday morning.

Persons: Dustin Gardner, Trevor Johnson, haven’t, Gavin Newsom, Christina Noren, Paul Boutin, Boutin, ”, Noren, Catherine Opie, Nathan Oliveira, Brent Estabrook —, she’ll, Paul, Qian Weizhong, Komal Kapoor, Kapoor, CNN’s Taylor Romine, Emma Tucker, Robert Shackelford, Chris Boyette, Mary Gilbert Organizations: CNN, National Weather Service, Montecito Fire Department, Ventura County Fire, Emergency Management Agency, California’s Department of Forestry, Fire Protection, Ventura County Sheriff’s, Pepperdine University, Los Angeles Fire Department, Montecito, Cal Fire, Southern California Edison Locations: Southern California, San Francisco Bay, Ventura County, Los Angeles, Ventura, Santa, Camarillo, California, Camarillo Heights, Pismo Beach, Noren . California, Malibu, Angeles, Ventura County , California, Southern

☆ Trump win and threat of more tariffs raises expectations for more China stimulus
▼ + stars: | 2024-11-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

On the campaign trial, Trump threatened to impose additional tariffs of 60% or more on Chinese goods sold to the U.S. She expects a stimulus package of more than 10 trillion yuan ($1.39 billion), with about 6 trillion yuan going towards local government debt swaps and bank recapitalization. More than 4 trillion yuan will likely go towards local government special bonds for supporting real estate, Su said. That divergence in stock performance indicates China's stimulus "will be slightly bigger than the baseline scenario," said Liqian Ren, who leads WisdomTree's quantitative investment capabilities. She estimates Beijing will add about 2 trillion yuan to 3 trillion yuan a year in support.

Persons: Zhu Baoliang, Trump, Su, Yue Su, —, Liqian Ren, Ren doesn't, Biden, Chris Miller, That's, China's, Zhiwei Zhang Organizations: Bund, Trump, Citigroup, U.S, Economist Intelligence Unit, National People's Congress, Huawei, Republicans, Senate, NBC, Republican Party, Emergency Economic, Trade Locations: Shanghai, China, Hong Kong, Beijing, U.S

Arizona voters on Tuesday approved an amendment enshrining abortion rights in the state constitution, NBC News projects. A fundamental right to abortion is part of the Arizona Constitution once and for all. In April, the conservative-leaning Arizona Supreme Court ruled to reinstate a near-total ban on abortion from 1864. Arizona for Abortion Access, the coalition of reproductive rights organizations behind the ballot effort, had shattered the record for the number of valid signatures gathered for a ballot initiative in the state. Constitutional amendments to enshrine abortion rights were on the general election ballots in nine other states Tuesday: Colorado, Florida, Maryland, Missouri, Montana, Nebraska, Nevada, New York and South Dakota.

Persons: it’s, Chris Love, Roe, Wade, Katie Hobbs Organizations: NBC, Arizona Constitution, Arizona Supreme, Republicans, Democratic, Republican, Abortion Locations: Arizona, U.S ., Colorado , Florida , Maryland , Missouri, Montana , Nebraska , Nevada , New York, South Dakota

Former Sen. Kelly Ayotte has won the New Hampshire governor’s race, NBC News projects, defeating Democrat Joyce Craig to keep the seat in Republican hands. Ayotte will succeed Republican Gov. Ayotte lost her re-election battle in 2016 to now-Sen. Maggie Hassan, a Democrat, by only about a thousand votes. She got her start in politics by serving on the Board of School Committee in Manchester, before serving as an alderman for six years. Craig and Ayotte won their parties’ primaries in September, leaving them with only about eight weeks to campaign in the general election period.

Persons: Sen, Kelly Ayotte, Joyce Craig, Ayotte, Chris Sununu, Hampshire’s, Maggie Hassan, ”, Donald Trump, Craig, Don Emmert, Roe, Wade Organizations: New, NBC News, Republican, White, GOP, Trump, of School Committee, Getty Locations: New Hampshire, “ New Hampshire, Massachusetts, Manchester, N.H, AFP, Granite State, New

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