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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
Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. While the drop in rates wasn't exactly huge, there was a fair amount of pent-up demand among homebuyers. Last year at this time mortgage rates were higher, but falling. The increase in conventional purchase applications helped push the average purchase loan size to $439,200, its highest level in almost a month," said Joel Kan, an MBA economist in a release.
Persons: homebuyers, Joel Kan, Matthew Graham Organizations: Mortgage, pullbacks, Mortgage News
Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump's "America First" economic agenda. Nicknamed the "Detroit of Europe" due to its thriving automotive industry, Slovakia produces more cars per capita than any other country in the world. The measures include an additional 10% tariff on all Chinese products coming into the U.S. and a 25% tariff on all goods coming from Canada and Mexico. "Slovakia has turned into a Detroit of Europe," Vladimir Vaňo, chief economist at Globsec, a think tank based in Slovakia's capital of Bratislava, told CNBC via telephone.
Persons: Donald Trump's, it's, Trump, Vladimir Vaňo, Vaňo Organizations: Skoda, Volkswagen AG, European Union, CNBC Locations: Bratislava, Slovakia, Europe, Detroit, U.S, China, Canada, Mexico, Trump's, Slovakia's
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
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
AdvertisementPatrick J. Adams left "Suits" after realizing he only stayed for the money. Patrick J. Adams knew it was time to leave "Suits" after a conversation with his mom. While Adams left the show after the seventh season in 2018, Gabriel Macht, who plays Harvey Spector, stayed on for the final two seasons. AdvertisementFirst released in 2011, "Suits" experienced a resurgence in popularity after being rereleased on streaming platforms like Netflix. AdvertisementSimilarly, Ashley Tan left her job as a JP Morgan analyst after feeling like she was wasting her life.
Persons: Patrick J, Adams, Troian, Jesse Tyler Ferguson, Mike Ross, Meghan Markle, You've, Gabriel Macht, Harvey Spector, Gabriel, Bellisario, I'd, Aaron Korsh, Macht, AJ Eckstein, Ashley Tan, It's Organizations: Canadian -, Harvard Law, Netflix, Nielsen, Business Insider Locations: Canadian - American, Toronto
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
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty ImagesAsia-Pacific markets are set to open mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. Traders in Asia will assesses monthly consumer price index figures out of Australia, set for release later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September. Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI's last close of 19,159.2.
Persons: Steven Saphore, Australia's Organizations: Skyline, Anadolu Agency, Getty, Dow Jones, Traders, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific, Chicago, Osaka, Hong Kong
AdvertisementGoing for a quick walk after eating really can help improve digestion and energy, a dietitian says. Walking helps to control blood sugar levels and circulates nutrients. Keeping to a healthy routine can make you more likely to maintain other healthy habits, too. Taking a short stroll after a meal can help you avoid the post-feast slump and set you up for a healthy habits during the holidays, according to a dietitian. Walking after you eat can help increase energy, improve digestion, and control blood sugar levels, said Nicholas Fischer, registered dietitian for MedStar Health.
Persons: Nicholas Fischer, Fischer, There's Organizations: MedStar Health, Research
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
The lawsuit said Shen Yun has made hundreds of millions of dollars by exploiting young dancers it recruits from abroad, forcing them to work grueling hours and scaring them into thinking they’d face harm if they quit. According to the website, Shen Yun, along with Fei Tian Academy of the Arts and Fei Tian College — which were also named as defendants — were founded by followers of the Falun Gong faith. After the first year, she was paid $500 a month until she “graduated” from Fei Tian College in 2019, when her salary was raised to $1,000 a month, according to the lawsuit. The lawsuit said she contracted measles when she was 14 but was not permitted to see a doctor. Instead, the lawsuit said, she was told to meditate to feel better and was required to work while she recovered.
Persons: Shen Yun, Chang Chun, Chang, Shen Yen, Organizations: White Plains , New York AP, Shen Yun Performing Arts, Chinese Communist Party, CCP, New York State Department of Education, New, New England Commission, Higher, Fei Tian Academy of, Arts, Fei Tian, Radio City Music Hall, Fei Tian College Locations: White Plains , New York, White Plains, Dragon Springs, Cuddebackville , New York, New England, Manhattan, United States, Taiwan
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
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
Trump chooses U.S. Covid policy critic Bhattacharya to lead NIH
  + stars: | 2024-11-27 | by ( ) www.cnbc.com   time to read: +2 min
Dr. Jay Bhattacharya speaks during a roundtable discussion with members of the House Freedom Caucus on the COVID-19 pandemic at The Heritage Foundation on Thursday, November 10, 2022. The NIH has been in the crosshairs of Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services, which oversees the NIH. The NIH director oversees 27 institutes and centers that conduct early stage research on everything from vaccines for emerging pandemic threats to targets for new drugs. Bhattacharya, a Stanford health policy professor and doctor, was an outspoken critic of the U.S. government's Covid-19 policies during the pandemic. Francis Collins, the NIH director and Fauci's boss, defended Fauci in a July 2020 interview with STAT News, saying it was "unimaginable" to consider firing Fauci, as some Republicans had demanded.
Persons: Jay Bhattacharya, Donald Trump, Robert F, Kennedy Jr, Kennedy, Bhattacharya, government's, Anthony Fauci, Trump's coronavirus, Francis Collins Organizations: Caucus, Heritage Foundation, Tuesday, Stanford, National Institutes of Health, NIH, Department of Health, Human Services, RFK, Stanford University School of Medicine, Stanford's Department of Economics, NIH's National Institute of Allergy, Disease, STAT, Trump Locations: Stanford, Barrington, Fauci
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
Here's what Leibowitz learned from her time in Norway about how to shift your mindset to actually enjoy the cold, dark days of winter. What she found was that most residents of Tromsø don't dread winter at all — they look forward to it. A psychologist and Stanford-trained expert on shifting your thinking to improve your mental health and wellbeing, Leibowitz lived and worked in Tromsø, Norway, for a year. Winter really can be the most wonderful time of the year, if you have the right mindset, says Kari Leibowitz . Make it a special timeNow that you're excited about winter, you can focus on making it a special time for yourself.
Persons: Leibowitz, Kari Leibowitz Organizations: Stanford, Stock, CNBC Locations: Norway, Tromsø
It involves the release of at least one Chinese prisoner in the United States, two of the officials said. A State Department official in Washington confirmed the names of the Americans being released but would not give further details. During the negotiations, multiple American officials said they were in discussions about releasing Xu Yanjun, a Chinese intelligence officer serving prison time in the United States. custody.”Mr. Xu was the first Chinese spy officer indicted and arrested overseas and brought to trial in the United States, according to the Justice Department. China does not typically do prisoner swaps, said John Kamm, the founder of the Dui Hua Foundation, a human rights group in San Francisco.
Persons: Xu Yanjun, Xu, ” Mr, John Kamm, Joe Biden, Donald Trump, Organizations: State Department, of Prisons, Justice Department, Hua Foundation Locations: China, Suzhou, United States, Washington, B.O.P, San Francisco
For the past year, comparing short-term CD rates vs. long-term CD rates showed that short-term CDs had better rates overall. Even the best long-term CD rates were starting to dip under the 4% mark, going into the 3.90% APY range. For example, Synchrony Bank's best CD rate is the Synchrony 9 Month CD, which offers 4.05% APY. Long-term CD rates are still lower than short-term CD rates overall. If the risk of incurring early withdrawal penalties in a long-term CD is too much, you can open a CD ladder with a long-term CD in it to mitigate that risk.
Persons: Synchrony, we're, Jerome Powell, Donald Trump, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, America First Credit, Credit Union, Dow Credit Union, Federal, Pulliam, Business, Tax, MSN, Vanderbilt University Locations: America
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvercore ISI's Mark Mahaney on why Amazon and Uber are his top two stock picksMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss the latest market trends, state of internet and tech stocks, his top stock picks, and more.
Persons: Mark Mahaney
AdvertisementKamala Harris' campaign sought an appearance on "Hot Ones," but the show declined. Harris campaign officials said "Hot Ones" didn't want to delve into politics. Vice President Kamala Harris' campaign wanted her to appear on the popular internet show "Hot Ones," but the show declined, campaign officials said. He asked why that may not have happened, citing "Hot Ones" as an ideal fit for the vice president. Advertisement"Never in time has there been a candidate better suited for a podcast than Kamala Harris on 'Hot Ones,'" he said.
Persons: Kamala Harris, Harris, Dan Pfeiffer, Jen O'Malley Dillon, Walz, Quentin Fulks, Stephanie Cutter, David Plouffe, Pfeiffer, Barack Obama, Bowen Yang, Paul Mescal, Jimmy Fallon, Donald Trump, Joe Rogan, Trump, Rogan, Plouffe Organizations: Democratic, Republicans, BuzzFeed Locations: Texas, Austin
Opinion | Saving Electric Vehicles From Donald Trump
  + stars: | 2024-11-27 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Trump Seen as a Threat to E.V. Sales” (Business, Nov. 26):It is ironic that President-elect Donald Trump, who claims he will make America great again, wants to kill offshore wind and electric cars. President Biden tried hard to get American industry back into the green transition by promoting domestically built green energy and electric cars. Mr. Trump apparently wants to turn it all over to China. The green transition will happen regardless of what Mr. Trump thinks.
Persons: Trump, Donald Trump, Biden, Eric Weaver Berkeley, Donald Trump’s, Mary Barra, Joe Biden’s Organizations: Trump : Force, General Motors Locations: China, American, Calif
Its CEO told Bloomberg it benefited from engine choices and an all-Airbus fleet. CEO Johan Lundgren spoke to Bloomberg TV on Wednesday as easyJet reported blockbuster earnings. Related VideoThe European budget airline reported a record-breaking summer, with pre-tax profit up by one-third since last year to £610 million ($768.35 million). Earlier this month, Wizz reported its half-year net profit was down 21.3% to 315.2 million euros ($331.4 million). Lundgren told Bloomberg TV the airline had 16 deliveries this financial year rather than the 19 it expected.
Persons: Wizz, easyJet, Johan Lundgren, Lundgren, we've, Pratt & Whitney Organizations: Bloomberg, Airbus, Boeing, Ryanair, Pratt & Whitney, Bloomberg TV, Wizz, Europe's, Alaska Airlines, Pratt &, CFM
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLong-end of Treasuries are the most interesting story of the last few weeks: Jefferies' David ZervosDavid Zervos, Jefferies chief market strategist, joins 'Squawk on the Street' to discuss the recent spate of economic data, Zervos' thoughts on GDP forecasts, and the strategist's thoughts on tariffs.
Persons: Jefferies, David Zervos David Zervos Organizations: Jefferies
The US and France will play a role in monitoring for potential violations of the deal. Regional experts say the US role in monitoring creates complications and challenges. A cease-fire agreement that aims to end the fighting between Israel and Hezbollah, the Iran-backed Lebanese militant group, marks a hopeful diplomatic moment after nearly 14 months of conflict. Gerges said that the inclusion of the US in the cease-fire monitoring process "complicates" matters. The cease-fire agreement will not stop the fighting in Gaza, though President Joe Biden said on Wednesday that the US will make "another push" to broker a deal there.
Persons: Gerges, Israel, Benjamin Netanyahu, Paul Salem, Salem, Hassan Fadlallah, Ozcelik, Hezbollah's, Joe Biden Organizations: Hezbollah, Israel, London School of Economics, United Nations, Lebanese, Middle East Institute, Guardian, Royal United Services Institute Locations: Israel, France, Iran, Lebanese, Lebanon, Syria, East, Gaza
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