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☆ Trump Promised to Halve Energy Costs in 18 Months. Experts Have Doubts.
▼ + stars: | 2024-11-23 | by ( Lisa Friedman | ) www.nytimes.com time to read: +1 min

President-elect Donald J. Trump repeatedly promised voters that he would cut energy and electricity prices in half within 18 months of taking office. The emerging plan is a repackaging of Mr. Trump’s energy policy. Advisers think Mr. Trump can lower prices by boosting oil and gas production, which is already at record levels in the United States. But energy industry experts noted that a president has limited tools to influence how much Americans pay at the pump, and even less leverage when it comes to electricity prices. More than a dozen experts said Mr. Trump’s strategy might succeed in lowering prices, but not enough to meet his goal.

Persons: Donald J, Trump Locations: United States

☆ Welcome to the mullet market: Steady benchmarks in the front, crypto party in the back
▼ + stars: | 2024-11-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back. BTC.CM= YTD mountain Bitcoin, YTD Every bullish argument for bitcoin comes down to "More people will soon have more ways to buy more of it." I've tracked the interplay between bitcoin and Nvidia shares for a while. The market's immediate response was simply to allow Nvidia to hold onto the $2.3 trillion in market value it's added this year, but not to pile on more. Meaning the current pace of new money entering these funds is not as heavy relative to total market value as it was nearly four years ago.

Persons: Trump, bitcoin, I've, John Roque, Warren Pies Organizations: Nasdaq, Nvidia, Nvidia ramped, Vanda Research, Trump, 22V Research, Bloomberg, Federal Reserve, 3Fourteen Research Locations: lockstep, bitcoin

☆ How tech bros bought 'America's most pro-crypto Congress ever'
▼ + stars: | 2024-11-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Crypto accounted for nearly half of all corporate dollars that flowed into the election, according to nonprofit watchdog Public Citizen. It was one of the top spending committees of any industry this cycle and exclusively gave to pro-crypto candidates running for Congress. "Welcome to America's most pro-crypto Congress ever," Armstrong wrote on X on Nov. 5.

Persons: Bernie Moreno, Moreno, Sen, Sherrod Brown, Tom Williams, Donald Trump, Coinbase, Crypto, Marc Andreessen, Ben Horowitz, David Sacks, " Moreno, Brian Armstrong, Fred Ehrsam, Faryar Shirzad, Armstrong, Ehrsam, Coinbase's Armstrong, Gary Gensler, Brown, Elizabeth Warren, FTX, Fairshake, gunning, Republican Jim Justice, Democratic Sen, Joe Manchin, Katie Porter, Porter, he'd, Horowitz, Sacks, Coinbase's Shirzad, Moreno wasn't, Shirzad, David McIntosh, McIntosh, hasn't, JD Vance's, Sam Bankman, Gensler, Andreessen Horowitz, Cameron, Tyler Winklevoss, Ripple, Chris Larsen, JD Vance, Paul Grewal, Jesse Powell, Trump, Phil Potter, Multicoin Capital's Kyle Samani, Fred Wilson, Charles Cascarilla, Mike Belshe, Solana, Anatoly Yakovenko, Wences Casares Organizations: Republican U.S, Cq, Inc, Getty, Democratic, Banking Committee, Public Citizen, Crypto, House, Securities and Exchange Commission, SEC, Senate, Committee, Republicans, Protect, Fairshake, Defend, Jobs, Republican, New, CNBC, Andreessen, Craft Ventures, Club for Growth, Growth, Politico, PAC, Labs, Senate Inc, Trump, Union Square Ventures, Xapo Bank Locations: Republican, Ohio, Holland , Ohio, Cleveland, Coinbase, U.S, Arizona, Michigan, West Virginia, California, Washington, FTX, Nashville , Tennessee

☆ Meet Casey Means, the surgeon turned health influencer behind RFK Jr.'s MAHA movement
▼ + stars: | 2024-11-23 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +12 min

AdvertisementDr. Casey Means and her brother Calley are helping shape RFK Jr's new approach to America's health. In a best-selling book "Good Energy," she makes a case that modern diseases are rooted in metabolic health. Robert F. Kennedy Jr. is a fan of Casey Means' work and views in the wellness space. Her mantra is that a healthy metabolism can reverse many health conditionsMeans' book promotes the pursuit of Good Energy, which she defined as great metabolic health. AdvertisementShe espouses popular advice around diet, exercise, and sleepThroughout the book, Means promotes widely agreed-upon health advice.

Persons: Casey Means, Calley, Dr, Marc Andreessen, Means, John McCain's, Donald Trump, Robert F, Kennedy Jr, Kennedy, MAHA —, Rebecca Noble, Tucker Carlson, Joe Rogan's, I've, Brad Stulberg, Christy Harrison, they've, Calley Means, Matt Harbicht, Andrew Huberman, Peter Attia, Harrison, Meredith Schneider Organizations: RFK, Stanford, Department of Health, Human Services, Wall Street Journal, Good Energy, University of Michigan, pharma, Tandem Diabetes Locations: Spain

☆ Former Elphaba and Glinda actresses remember the magic of ‘Wicked’
▼ + stars: | 2024-11-23 | by ( Scottie Andrew | ) edition.cnn.com time to read: +17 min

Eden Espinosa, an original “Wicked” cast member who played Elphaba on Broadway over seven years and inspired some of the score’s famous riffs. Becoming Elphaba and GlindaKristin Chenoweth (left) and Idina Menzel originated the roles of Glinda and Elphaba on Broadway. It was Dearman's second time performing in the show — she played Glinda before returning as Elphaba. Some “Wicked” journeys are more winding: Espinosa played Elphaba on and off for seven years. No matter how long they spent with their characters, the actresses agreed — they’d grown with Elphaba and Glinda.

Persons: ” Cynthia Erivo, Ariana Grande, Glinda, Gregory Maguire’s, Frank Baum’s “, Oz, ”, —, Elphaba, who’ve, Nicky J Sims, Jessica Vosk, Eden Espinosa, McKenzie Kurtz, Louise Dearman, Saycon Sengbloh, Willemijn Verkaik, Teal Wicks, Stephanie J, Idina Menzel, Glinda Kristin Chenoweth, Elphabas, Menzel, Tony, Stephen Schwartz, Winnie Holzman, “, I’ve, Kristin Chenoweth, Bruce Glikas, Saycon, I’d, Gina Beck, Dan Wooller, ” Espinosa, Shoshanna Bean, Everybody’s, Jamie McCarthy, Espinosa, Glindas, you’re, who’s, Kurtz, Sebastian Arcelus, Fiyero, “ Idina, Sebastian, ” Sebastian Arcelus, Nicholas Hunt, Ben Vereen, Sheryl Lee Ralph, Madame Morrible, Lindsay Mendez, Brandi Chavonne Massey, Alyssa Fox, Alexia Khadime, Brittney Johnson, Dearman, Block, Wicked’s, Lawrence, I’ll, that’s, Wicks, Cynthia Erivo, Kevin Mazur, they’re Organizations: CNN, Getty, Broadway, ITV, Social, New York City Hall, Los Angeles Times, Erivo Locations: London, New, Grande

☆ Trump's pick for Treasury secretary shows there's a limit to Elon Musk's influence
▼ + stars: | 2024-11-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. Trump tapped hedge fund manager Scott Bessent, the founder and chief executive of Key Square Group, to be his next Treasury secretary on Friday. Bessent, a Wall Street veteran and a top economic advisor to Trump, emerged as a favorite of the president-elect while on the campaign trail this year. The Wall Street Journal reported that Trump sought advice from Wall Street leaders for the Treasury spot, and his advisors told him that analysts would view Bessent as a stabilizing figure.

Persons: Elon, Donald Trump's, Musk, Howard Lutnick, Trump, Scott Bessent, Donald Trump, Elon Musk, Vivek Ramaswamy, Bessent, Cantor Fitzgerald, — Organizations: Mar, UFC, of Government Efficiency, Trump, Key Square, Wall Street, Senate, Street Journal, Treasury, Business Locations: Lago, Florida, New York, Trump's, United States

☆ I'm an engineer who left Silicon Valley for Philadelphia. I was worried about leaving the tech hub, but I love Philly's lower cost of living.
▼ + stars: | 2024-11-23 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

I found that I was clashing with the culture of Silicon Valley. I attributed that attitude to the Silicon Valley atmosphere. In Silicon Valley, you have a lot of Google people, a lot of Meta people, and, at the time I was there, a lot of Tesla people. An aerial view of Silicon Valley. The sustainability hub is in Silicon Valley, and moving to the other side of the country felt like I was separating myself from that.

Persons: Adam Fletcher, Fletcher, NerdWallet, unravels ChatGPT, I've, They're, we're, It's, There's, Philadelphia Jon Lovette, Philly Organizations: San, Philadelphia, Stanford, Applied Materials, East, Carbon, Carbon Reform, Eagles, Phillies, University of Pennsylvania, Drexel University Locations: San Francisco, East, San Francisco , California, Philadelphia , Pennsylvania, Philly, Philadelphia, Bay, Santa Clara, California, Silicon Valley, Silicon, East Coast, Rittenhouse, New York, DC

It took Rep. John Curtis, R-Utah, just a few weeks to make his mark on the Senate — even before he'd actually take the oath of office to replace retiring Sen. Mitt Romney next year. But I’m not going to give him an unconditional yes to anything that he wants.”“He is not Mitt Romney and he is not Donald Trump. Former Utah Republican Gov. After deciding to run for Senate after Romney’s retirement announcement, Trump weighed in and endorsed Riverton Mayor Trent Staggs. But his colleagues and Trump allies felt that they understood his perspective, with Curtis’ likely disapproval of Gaetz leading to his quick withdrawal.

Persons: John Curtis, he'd, Sen, Mitt Romney, Donald Trump, Curtis, Matt Gaetz’s, Trump, I’m, He’s, ”, Carlos Curbelo, Romney, ” Curbelo, Jason Chaffetz, Hillary Clinton, Gary Herbert, Herbert, ” Herbert, he’s, Curbelo, Curtis ’, “, John, ‘, ’ ” Curbelo, it’s, didn’t, censuring Trump, It’s, Riverton Mayor Trent Staggs, he’d, you’re, That’s, Gaetz, Curtis didn’t, general’s, ” “ He’s, what’s Organizations: Rep, Justice Department, Republican Party that’s, Trump, GOP, NBC, Republican, “, Brigham Young University, Democratic Party, Congress, Former Utah Republican Gov, NBC News, Commission, Senate, Republicans, GOP House, Capitol, Riverton Mayor, Republican Senate, Ford Locations: Utah, Florida, Salt Lake City, Taiwan, Provo, Washington, Texas, “

Generic drugs are the backbone of medicines prescribed in the U.S.: They account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines, a trade group that represents generic drugmakers. Karoline Leavitt, a spokesperson on Trump’s transition team, declined to say whether Trump planned to grant an exemption on generic drugs. According to the American Society of Health-System Pharmacists, a group that tracks drug shortages, there are 277 active drug shortages in the U.S., half of which have persisted for two or more years. That’s different from generic drugs, which are cheaper and are often sold at close to the cost for which they were made, he said. What concerns Kesselheim the most is that tariffs could cause generic drug prices to skyrocket should more generic drug manufacturers drop out.

Persons: Donald Trump, Trump, Aaron Kesselheim, Janet Woodcock, ” Woodcock, Arthur Caplan, you’ve, ”, drugmakers, Woodcock, Karoline Leavitt, Leavitt, ” Kesselheim, Hurricane Helene, “ Organizations: Harvard Medical School, Association for Accessible Medicines, Food and Drug Administration, NYU Langone Medical, American Society of Health, System, Baxter International Locations: China, U.S, India, New York City, Hurricane, North Carolina, Indonesia, United States

☆ IAEA board passes Iran resolution as West pushes Tehran toward talks
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

After previous criticism at the International Atomic Energy Agency’s Board, it has stepped up its nuclear activities and reduced IAEA oversight. It has enough material enriched to lower levels for more bombs, but Iran denies seeking nuclear weapons. Grossi said on Wednesday he had asked Iran to cap that stock of 60% material and Iran had accepted his request. With the resolution passed, Iran is likely to respond. “If there is a resolution, it (Iran) will either increase its activities or reduce the agency’s access,” a senior diplomat said before the vote.

Persons: Iran’s, Donald Trump, Trump, Rafael Grossi, Masoud Pezeshkian, Grossi, Mohammad Eslami, ” Organizations: Governors, Diplomats, International Atomic Energy Agency’s Board, Burkina Faso, IAEA, Reuters, Trump, . Security, Atomic Energy Organization of Iran Locations: VIENNA, Iran, Britain, France, Germany, United States, China, Russia, Burkina, Tehran, ”

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

☆ One of the world's richest families plans to create Paris's next big soccer success
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

"There is an anomaly in French football and in Parisian football, that it is probably the only big city in Europe with only one big football club. France's billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault speaks to the media during the Paris FC press conference at Groupe ADP – Centre d’entrainement Paris FC on November 20, 2024 in Orly, France. Asked by CNBC whether he saw Paris FC as a potential challenger, Arnault said: "That would be very immodest of us, to even compare ourselves to Paris Saint-German. Arnault told CNBC that if his family wanted a "trophy asset," they would have looked elsewhere.

Persons: Arnault, CNBC's Charlotte Reed, Red Bull, Antoine Arnault, Bernard Arnault, Bull, Germain, We're, Jürgen Klopp, Ryan Reynolds, Rob McElhenney Organizations: Paris FC, Associated Press, CNBC, Leipzig, Austria's, Paris FC —, Groupe ADP –, d’entrainement Paris FC, Qatari, titans Paris Saint, French, Paris Saint, League, Champions League, Liverpool, Premier League, Welsh, Wrexham AFC —, Bull Locations: Europe, Paris, Austria's Salzburg, Orly, France, English, Leipzig, Salzberg

☆ The Trump trade showed its resilience this week
▼ + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."

Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy

☆ Gautam Adani's associates used Excel and PowerPoint to discuss their bribe options in a $250 million scheme, prosecutors say
▼ + stars: | 2024-11-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Prosecutors said four of his associates discussed their share of the bribes via Excel and PowerPoint. New York prosecutors charging one of India's richest men with bribery said his associates used Microsoft Excel and PowerPoint to discuss and analyze their corrupt payments. AdvertisementThe Adani Group and attorneys for the other defendants did not respond to requests for comment from BI. Prosecutors said that during this period, the Adani Group falsely told investors at least four times that it had not paid bribes. AdvertisementIn a statement on its website on Thursday, the Adani Group said the prosecution's accusations are "baseless and denied."

Persons: Gautam Adani, Prosecutors, Adani, Sam Bankman, Sagar Adani, Vneet Jaain, Rupesh Agarwal, Agarwal, Cyril Cabanes, Sagar Organizations: Excel, New, Microsoft, Adani, Energy, Power, Prosecutors, New York Stock Exchange, Eastern, of, Adani Group, US Department of Justice, Adani Enterprises, SEC, Wednesday Locations: New York, India, of New York, British, Hong Kong, Indian

☆ Cramer names oil and natural gas stocks set to do well under Trump
▼ + stars: | 2024-11-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday said companies related to natural gas and oil will thrive under President-elect Donald Trump's administration and a majority Republican Congress. "If you want a sustainable Trump trade, I say bet on the natural gas ecosystem. Enbridge says it transports about 20% of all natural gas consumed in the U.S., and Cramer claimed the Canadian outfit has "strategically located assets." He also named Cheniere and Sempra , saying the former is the "best play" for liquified natural gas exports. "Seasonally, this is a good time for the commodity," he said, pointing out that natural gas itself has climbed since the election.

Persons: CNBC's Jim Cramer, Donald Trump's, Joe Biden's, Cramer, Trump, Chris Wright, Kinder Morgan, Enbridge Organizations: Republican Congress, Trump, Department of Energy, Energy Locations: underperform, U.S

☆ King Charles’ coronation: Britain forked out $91 million in the middle of a cost-of-living crisis
▼ + stars: | 2024-11-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The coronation of King Charles III and Queen Camilla held in May last year cost British taxpayers £72 million ($91 million), an amount some have labeled excessive. The £72 million spent on the coronation could have paid for 24 million free meals for schoolchildren in London, based on the city government’s current budget of £3.00 ($3.75) per meal. Some additional spending came from the Privy Purse, the monarch’s private source of income, a royal source told CNN. “Plans (for the coronation) were scaled back,” the royal source told CNN. The culture department, in its accounts, said it had underspent its budget on the coronation by £2.8 million ($3.5 million).

Persons: King Charles III, Queen Camilla, Queen Elizabeth II, Finnbarr Webster, ”, Graham Smith, Sovereign Grant —, Sovereign Grant, “, Elizabeth II’s, Max Foster Organizations: London CNN, Department for Culture, Media, Sport, Home Office, Volunteers, Republic, CNN, Sovereign, CNN’s Royal Locations: United Kingdom, Weymouth , England, British, London, Lancaster, London’s Westminster

☆ Jeff Bezos says Elon Musk's claims are '100% not true' after the Tesla CEO reignites their feud
▼ + stars: | 2024-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in an X post on Thursday. Musk said Bezos told people they should sell Tesla and SpaceX stock because Donald Trump would lose. Bezos said Musk's claim was "100% not true," to which Musk replied, "I stand corrected." XBusiness Insider was unable to confirm the veracity of Musk's post. AdvertisementNovember 22, 2024: This story has been updated to include Bezos' response to Musk's Thursday X post, and Musk's response to Bezos.

Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Donald Trump, Trump, wasn't, he'd, Musk's, Tesla, SpaceX isn't, Thomas Roulet, Elon, Bill Gates, Gates Organizations: SpaceX, X, Mar, Department of Government, Amazon, Trump, Tech, Bloomberg, University of Cambridge, Twitter, Microsoft Locations: Trump's Florida, China

CNN —Iran announced Friday it was activating new advanced centrifuges – which enrich uranium for the country’s nuclear program – after the United Nations’ nuclear watchdog criticized the country for not cooperating with the agency. The IAEA and Iran have long tussled over various issues, including traces of uranium found at locations that have not been declared nuclear sites. He has acknowledged the UN agency cannot guarantee that none of Iran’s centrifuges may have been peeled away for clandestine enrichment. Under the terms of the nuclear deal struck in 2015, Iran was limited to operating around 5,000 older-model centrifuges, and the nation was allowed to use advance centrifuges for research purposes only. By 2019, Iran was launching new centrifuges in a major break from the deal.

Persons: IRNA, Rafael Mariano Grossi, Iran’s, Gideon Sa’ar, ” Sa’ar, Donald Trump, Antony Blinken Organizations: CNN, Iran, United Nations, Atomic Energy Organization, International Atomic Energy Agency, IAEA, Reuters, Israel Locations: Iran, centrifuges, Tehran

☆ Opinion | We Wanted a New Republican Party. Trump Delivered.
▼ + stars: | 2024-11-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +55 min

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

☆ Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a seasoned market pro and a close Trump loyalist in a critical economic position. As head of Treasury, Bessent, 62, will be both the U.S. fiscal watchdog as well as a key official to help Trump enact his ambitious economic agenda. Like Trump, Bessent favors gradual tariffs and deregulation to push American business and control inflation. The Treasury secretary is the lynchpin for the White House economic agenda. Others close to the president-elect think Bessent has not been rigorous enough in his support for tariffs, though Warsh also has made public statements against the levies.

Persons: Scott Bessent, Donald Trump, Kevin Warsh, Marc Rowan, Trump, Bessent, George Soros, Soros, Jerome Powell's, Warsh, Janet Yellen, Elon Musk, Cantor Fitzgerald, Howard Lutnick Organizations: Key, Trump, Group, Treasury, Wall, World's, Investors, Yale University, Rockefeller University, Preservation, Wall Street, Federal Reserve, Federal, National Economic Council, White Locations: Washington , DC, U.S, Bessent

☆ 'Wicked' vs. 'Gladiator II': If you see only one movie this weekend, the choice is clear
▼ + stars: | 2024-11-22 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

"Gladiator II" and "Wicked" are facing off at the box office this weekend. Related storiesCritics Score Audience Score "Wicked" 90% 98% "Gladiator II" 72% 84%If time is of the essence, there's no tie-breaker there. AdvertisementRuntime "Wicked" 2h 40m "Gladiator II" 2h 28mIf you want something you can see with the whole family, the choice is clear: "Wicked" is more kid-friendly. 'Gladiator II' has more Paul Mescal in it, thoughPaul Mescal is in "Gladiator II" and not "Wicked." Ultimately, follow your own taste"Wicked" nor "Gladiator II" are both worth the price of theater admission (and maybe even a popcorn and soda).

Persons: there's, Ridley Scott, Russell Crowe, Joaquin Phoenix, Lucius Verus, Paul Mescal, Connie Nielsen, Jon M, Chu, Cynthia Erivo, Ariana Grande, Oz, you've, Glinda, It's, Oscar, Erivo, Pedro Pascal, Denzel Washington, Aidan Monaghan, belting, Ariana, Giles Keyte Organizations: Pictures, Paramount, New York Times, Universal Pictures Locations: Rome

☆ He spent years predicting Apple would launch a TV. The 'painful lesson' he learned when it didn't still applies today.
▼ + stars: | 2024-11-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Munster, managing partner at Deepwater Asset Management, said he isn't holding his breath for an Apple TV. Munster said it's still a "painful topic" since he spent a lot of time looking into the Apple TV and was emphatic that it would happen. However, in 2014, another author, Yukari Iwatani Kane, wrote in "Haunted Empire: Apple After Steve Jobs" that Jobs told Apple employees in 2010 that a TV set wasn't happening. The lesson Munster learned about a company assembling a team and putting resources behind projects that may remain on the shelf continues to apply. Still, Munster's lesson didn't stop him from making a plea for CEO Tim Cook to bring the Apple TV to shelves.

Persons: Gene Munster, he's, Munster, Apple, it's, I'm, Walter Isaacson, Steve Jobs, Yukari Iwatani Kane, Jobs, Tim Cook Organizations: Apple, Bloomberg, Munster, Deepwater Asset Management, Apple TV

☆ Trump administration may try to reverse Biden-era climate policies: former U.S. energy secretary
▼ + stars: | 2024-11-22 | 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 EmailTrump administration may try to reverse Biden-era climate policies: former U.S. energy secretarySteven Chu, former U.S. energy secretary, discusses U.S. President-elect Donald Trump's energy policies.

Persons: Steven Chu, Donald Trump's Organizations: Biden Locations: U.S

☆ Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
▼ + stars: | 2024-11-22 | by ( Melissa Eddy | ) www.nytimes.com time to read: +1 min

Germany, Europe’s largest economy, has not seen significant growth in the past two years. On Friday, the country’s economy recorded 0.1 percent growth from July to September, but it is forecast to contract over the entire year. And economists do not expect to see a return to growth in 2025, unless a new government can make significant changes quickly. Driving that point home, Germany’s largest auto supplier, Bosch, said on Friday that it planned to cut 5,500 jobs, beginning in 2027. High energy prices, a complex bureaucracy, an aging public infrastructure and geopolitical developments have hurt Germany’s export industry.

Organizations: Bosch Locations: Germany, Europe’s

☆ GE Vernova is well positioned as energy sector reverts to natural gas, says William Blair's Jed Dorsheimer
▼ + stars: | 2024-11-22 | 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 EmailGE Vernova is well positioned as energy sector reverts to natural gas, says William Blair's Jed DorsheimerJed Dorsheimer, head of energy and sustainability at William Blair, to discuss why Wall Street is bullish on GE Vernova.

Persons: William Blair's Jed Dorsheimer Jed Dorsheimer, William Blair Organizations: GE, GE Vernova

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