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☆ The economist who predicted the election outcomes in detail tells BI his forecasts for 2025 GDP, inflation, and the threshold that would explode the deficit
▼ + stars: | 2024-11-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

AdvertisementChristophe Barraud predicted a Republican sweep and spike in the 10-year yield. Barraud, a top US economy forecaster, expects GDP growth to exceed consensus forecasts. He also expects higher inflation and shares concerns over the deficit crossing 7.5% of GDP. AdvertisementHe previously said that US GDP growth in 2025 would be stronger than expected at 2.1%, above Bloomberg's consensus forecast of 1.9%. A stronger labor market will cause this, especially wage growth and new job creation, combined with labor shortages from restrictive immigration policy.

Persons: Christophe Barraud, Kamala Harris, Donald Trump, Barraud, I'm, Trump Organizations: Republican, Market Securities Monaco, Bloomberg, Trump, Congressional, Office, Tax Foundation

☆ Why Republicans think their Senate majority could last the decade: From the Politics Desk
▼ + stars: | 2024-11-22 | by ( The Politics Desk | ) www.nbcnews.com time to read: +9 min

Plus, politics reporters Allan Smith and Vaughn Hillyard examine how Donald Trump's transition team is turning to the much-maligned Project 2025 to fill jobs in the administration. I think it bodes well for us to keep the majority through the rest of the decade,” Daines, of Montana, told NBC News. “They made themselves nuclear,” Howard Lutnick, the co-chair of Trump’s transition and his nominee to serve as commerce secretary, told CNBC in September. But with the campaign over, Trump’s transition team is turning to Project 2025 to help staff the next administration. Both Homan and Ratcliffe were listed as contributors to Project 2025, while Carr wrote a chapter on the FCC.

Persons: Sahil Kapur, Allan Smith, Vaughn Hillyard, Donald Trump's, Steve Daines, “ We’re, ” Daines, Donald Trump, Kamala Harris, Republican Sen, Susan Collins, Democrats haven’t, GOP Sen, Thom Tillis, Trump, Sen, Gary Peters, Jon Ossoff, Ted Budd, Ron Johnson, —, Vaughn Hillyard Donald Trump, “, ” Howard Lutnick, Tom Homan, Brendan Carr, John Ratcliffe, Both Homan, Ratcliffe, Carr, Read, jud, tim, ️, Rea Organizations: NBC, White House, Capitol, Democrats, GOP, National Republican, NBC News, Republicans, Democratic, Republican, CNBC, Trump, Federal Communications Commission, FCC Locations: Montana, West Virginia , Montana and Ohio, Pennsylvania, Florida, Texas, Arizona , Michigan, Nevada, Wisconsin, Maine, North Carolina, Alaska , Iowa , Kentucky , Texas, Michigan, Georgia, Arizona , Georgia

☆ Vaccines don't cause autism. What does?
▼ + stars: | 2024-11-22 | by ( Liz Szabo | Liz Szabo Is An Independent Health | Science Journalist. Her Work Has Won Multiple National Awards. One Of Her Investigations Led To A New State Law In Virginia. | ) www.nbcnews.com time to read: +9 min

“It’s many, many things under one umbrella.”Although people diagnosed with autism often have similar strengths and challenges, “there are many paths to autism and many presentations of autism,” Miller said. Scientists have identified more than 100 genes related to autism, Miller said, and genes are believed to play a role in 60% to 80% of cases. “We’re making leaps and bounds about known genetic causes of autism.”Yet genes clearly don’t explain every case of autism. But only a fraction of children with the genetic mutation actually develop autism, Miller said. He notes that only 8.4% of the $419 million spent on autism research in the United States is devoted to support and services for people with autism.

Persons: Robert F, Kennedy Jr, ’, Donald Trump, —, United Kingdom —, immunizations, Kennedy, ”, Ari Ne’eman, “, ” Timothy Caulfield, Judith Miller, it’s, Manish Arora, ” Arora, ” Miller, Arora, Catherine Lord, UCLA David, Miller, Gregory Cejas, ” Lord, It’s, he’s Organizations: Department of Health, Human Services, World Health Organization, Network, Harvard, of Public Health, University of Alberta’s Health Law Institute, Center for Autism Research, Children’s Hospital of Philadelphia, Icahn School of Medicine, Autism, UCLA, UCLA David Geffen School of Medicine, Autism Clinical, Washington University School of Medicine Locations: British, United Kingdom, Chan, Canada, “, Mount Sinai, New York, United States

It is compact, with an e-ink display that can easily handle bright light and, the best part, is the stellar battery life. The Amazon Kindle can last up to 6 weeks, while the Kindle Paperwhite can last up to 12 weeks. Both the Kindle and Kindle Paperwhite are now at their lowest prices ever. You can pick up the Kindle for $84, which means you get a 23% discount, the lowest price we’ve ever seen. Its incredible 12-week battery life, 16GB storage capacity and size and design make it a must-have for avid readers.

Persons: I’ve, — I’ve, TikTok Organizations: NBC, Facebook, Twitter

☆ 21+ Best Secret Santa and White Elephant Gifts for 2024
▼ + stars: | 2024-11-22 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +12 min

Love them or hate them, Secret Santa and White Elephant gift exchanges are a popular holiday tradition. Below, find some of the best gifts for Secret Santa or White Elephant parties. SKIP AHEAD The best Secret Santa and White Elephant gifts in 2024 | Why trust NBC Select? The best Secret Santa and White Elephant gifts in 2024We rounded up gift ideas based on our previous coverage and NBC Select recommendations to help you find the right gift for your white elephant and Secret Santa gift exchanges. The bag is also slightly padded to provide protectionSometimes the best White Elephant or Secret Santa gifts are the things you may not buy for yourself, but that are super fun to own.

Persons: I’ve, Biana Alvarez, Peacock, Max, Rebecca Rodriguez, it’s, Rodriguez, ”, Harry Rabinowitz, “, Alvarez, gifting, Lindsay Schneider, foodies, Bethany Heitman, Bianca Alvarez, TikTok Organizations: NBC, JBL, NBC Giftable Tech, Netflix, Hulu, Apple, Bluetooth, Hydro, Facebook, Twitter Locations: Belgian, Texas

☆ Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
▼ + stars: | 2024-11-22 | by ( Hayden Field | Hayden Field Is A Cnbc Reporter | ) www.nbcnews.com time to read: +3 min

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. Anthropic is the company behind Claude — one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has exploded in popularity. In March, Amazon’s $2.75 billion investment in Anthropic was the company’s largest outside investment in its three-decade history. The companies announced an initial $1.25 billion investment in September 2023. In September, Anthropic rolled out Claude Enterprise, its biggest new product since its chatbot’s debut, designed for businesses looking to integrate Anthropic’s AI.

Persons: Claude chatbot, Claude —, Claude, It’s, Anthropic, Jared Kaplan, Kaplan, Claude Enterprise Organizations: Microsoft, Meta, AWS, Amazon’s, CNBC, Google Locations: Anthropic, Amazon, San Francisco

Move over Jimmy Kimmel, there's a new late-night talker in town — in Philadelphia, that is. Former Philadelphia Eagles star Jason Kelce announced that he will host "They Call It Late Night with Jason Kelce" on ESPN during an appearance on Thursday's episode of ABC’s "Jimmy Kimmel Live!" The Super Bowl champion said the hour-long show will be filmed in front of a live audience from Union Transfer in Philadelphia. Its filming location also pays homage to the film, as NFL Films originated in Philadelphia, according to ESPN. Kelce and his brother, Kansas City Chiefs star tight end Travis Kelce, host the hit “New Heights” podcast that recently scored a $100 million deal with Amazon's Wondry.

Persons: Jimmy Kimmel, there's, Jason Kelce, It'll, I’ve, Conan O’Brien, Kelce, Travis Kelce, Amazon's Wondry Organizations: Former Philadelphia Eagles, ESPN, NFL Films, ESPN2, YouTube, Eagles, Kansas City Chiefs Locations: —, Philadelphia

☆ Wayne Gretzky says Alex Ovechkin has been 'exceptional' for hockey as he nears goals record
▼ + stars: | 2024-11-22 | by ( Jessica Golden | ) www.nbcnews.com time to read: +3 min

As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky’s all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him. “Alex has been exceptional for our game,” Gretzky said on CNBC’s “Squawk Box” on Thursday. B Bennett / Getty ImagesThirty-five years later, Ovechkin is closing in on breaking Gretzky’s record of 894 goals, with 26 more to go. Gretzky told CNBC that at the time he broke Howe’s all-time scoring record, he felt embarrassed to end his idol’s milestone. Gretzky played 20 seasons in the National Hockey League for four different teams.

Persons: Alex Ovechkin, Wayne Gretzky’s, dethrone, “ Alex, ” Gretzky, “, Gretzky, Gary Bettman, Ovechkin, Sidney Crosby, Gordie Howe’s, Wayne Gretzky, B Bennett, Howe’s, Gretzky’s, ’ ” Gretzky, Bettman Organizations: Washington Capitals, One, CNBC, NHL, Los Angeles Kings, Getty, National Hockey League, Stanley, YardRink Locations: Wayne, Massachusetts

According to NBC News exit polls of Nevada, Trump lost Latinos by 26 percentage points in 2020, but he won them by 2 points this year. Among Nevada voters without college degrees, Trump extended his lead from 2 points in 2020 to 10 points this year. “Working-class voters don’t pay attention to politics. Even as Trump carried Nevada Latinos by 2 points, they voted for Rosen by 7 points, according to NBC News exit polls. “But overall, the Democratic Party missed the mark, and they’re going to have to re-evaluate that commitment to working-class voters.”

Persons: Kamala Harris, Donald Trump’s, “, ”, Susie Lee, Lee, “ it’s, Sen, Jacky Rosen, Harris, Rosen, Sam Brown, Brown, Trump, he’s, Ted Pappageorge, Pappageorge, They’re, We’ve, Jeremy Hughes, Hughes, Joe Lombardo, “ Brown, Catherine Cortez Masto, headwinds, we’ve, “ You’ve, Jacky, That’s, ” Cortez Masto, ” Rosen, Biden, ” Josh Marcus, Blank, Cortez Masto, “ Joe Biden Organizations: VEGAS, Trump, ”, Democrats, Nevada, Republican, Culinary Union, NBC, CNN, Fox, GOP, GOP Gov, Democratic, Veterans Affairs, Biden, Democratic Party Locations: Nevada, Las Vegas, Nevada’s “, Sin City, Sen, Reno

“They made themselves nuclear,” Howard Lutnick, the co-chair of Trump’s transition and his nominee to serve as Commerce Secretary, told CNBC in September. But with the campaign over, Trump’s transition team is turning to Project 2025 to help staff the next administration. Both Homan and Ratcliffe were listed as contributors to Project 2025, while Carr authored a chapter on the FCC. Brendan Carr, a contributor to Project 2025, is Trump's pick to lead the Federal Communications Commission. For instance, the Project 2025 policy blueprint and Trump’s “Agenda 47” featured similar ideas on mass deportations and slashing the federal bureaucracy.

Persons: Donald Trump, Trump, “, ” Howard Lutnick, Tom Homan, Brendan Carr, John Ratcliffe, Both Homan, Ratcliffe, Carr, Celal, Russ Vought, Roger Severino, Paul Dans, MAGA, lambasting, Lutnick, ”, it’s, ” Lutnick, Semafor, ’ it’s, That’s, Trump’s, Joe Biden’s, Kamala Harris ’, Sen, Mallory McMorrow, ” McMorrow Organizations: Commerce, CNBC, NBC News, Democrats, Trump, Federal Communications Commission, Getty, of Management, Republican National, Politico, Department of Health, Human Services, New York, Republican, NBC, Democratic, Oceanic, Atmospheric Administration, Democratic National Convention Locations: Anadolu, Grand Rapids, Michigan

North Carolina lawyer Katie Jenifer is trying to prepare one year’s worth of estrogen for her transgender daughter. If the Trump administration still allows trans people to change the gender marker on their passport, Greenesmith said, it might require them to provide proof of gender-reassignment surgery, putting gender-marker changes out of reach for the majority of trans people. There is no existing policy that would allow the government to require people to turn in “X” passports, for example. Katie Jenifer and her transgender daughter, Maddie, at the White House for a Pride Month celebration in June. If that were to happen, she could lose access to health care.

Persons: Ash Orr, Katie Jenifer, Belle, they’re, Donald Trump’s, Heron Greenesmith, ” Greenesmith, Trump, Greenesmith, ”, “, ” Trump, Sasha Buchert, ” Buchert, Stefani Reynolds, I’ve, ” Orr, he’s, Finn Franklin, ” Franklin, “ I’m, ” Finn Franklin, Finn Franklin Franklin, He’s, Maddie, Jenifer, Katie Jenifer Jenifer, ” Jenifer, Trevor, Orr, Bennett Kaspar, Williams, Aldita Gallardo, Gallardo, wasn’t, ” Gallardo, Dahlia Belle, she's, Belle “, ” Belle, it’s Organizations: NBC News, Transgender Law Center, ”, Medicare, State Department, Lambda Legal, Getty, Trans, “, Rogue Community College, Oregon Health & Science University Hospital, Oregon Health, OHSU, Trump, White, Holler Health, Transformation Fund, Emergent, Transformation, U.S, House, Transgender, Society Locations: Virginia, Carolina, Oregon, Massachusetts, U.S, Morgantown , West Virginia, West, “ West Virginia, Grants Pass , Oregon, Washington , Oregon, California, Portland, . North Carolina, West Virginia, Los Angeles, Oakland , California, Louisiana, Birmingham , Alabama, Jacksonville , Florida, Portland , Oregon

Forecasters warned of more high winds headed to the battered Pacific Northwest, while an atmospheric river continued to dump heavy rain on California. The biggest risk of life-threatening floods was forecast for Thursday, but flooding will remain a threat through Friday, the weather service said. Landslides and rockslides shut down some or all traffic lanes on highways in Humboldt and Lake counties, the weather service in Eureka, California, said. Snow is on the way in New York state and Pennsylvania courtesy of “a potent upper-level low swinging over the region,” the weather service said. The area was under a winter weather warning until 4 p.m. Friday.

Persons: Justin Sullivan Organizations: National Weather Service, Police, Sutter Health, Santa, California's, New, ridgetops Locations: Pacific Northwest, California, Washington, Santa Rosa, Calif, California's Sonoma County, San Francisco, Sierra Nevada, Truckee, Oregon, Humboldt, Lake, Eureka , California, New York, Pennsylvania, New York City, New Jersey, Hudson, Johnstown , Pennsylvania, Binghamton, Ithaca

☆ Asia-Pacific markets set to rise as investors assess Japan inflation data
▼ + stars: | 2024-11-22 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesAsia-Pacific markets were set to open higher Friday, tracking a rally on Wall Street, with the S&P logging gains for a fourth straight day. Investors in Asia will assess Japan's October consumer price index data. Singapore is also set to release its third-quarter GDP data, with growth anticipated to accelerate to 4.6% year on year from 4.1% in the prior quarter, according to LSEG data. Hong Kong's Hang Seng index futures were flat from its last close at 19601.11.

Persons: Akio Kon Organizations: Bloomberg, Getty Images, Investors, Reuters, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images Asia, Pacific, Asia, Singapore, Chicago, Osaka, 19601.11

☆ How to Plan a Family Heritage Trip
▼ + stars: | 2024-11-22 | by ( Shannon Sims | ) www.nytimes.com time to read: +1 min

In the second season of the TV show “The White Lotus,” three generations of a fictional American family travel to Sicily to try to reconnect with their ancestral roots. Though their journey goes hilariously wrong at times, heritage trips like theirs have become serious business. But DNA-testing sites, online genealogical databases and social media have made searching far easier, fueling a growing interest in heritage travel. Not everyone goes on a heritage trip for the same reason: Maybe you want to meet living relatives to swap photos and stories. Or you could simply be looking to connect with a place your family once called home.

Organizations: Grand View Research Locations: Sicily

☆ Goldman says 2025 will be the 'year of generating income'
▼ + stars: | 2024-11-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Goldman Sachs Asset Management is predicting 2025 will be the "year of generating income." One focuses on the S & P 500 — Goldman Sachs S & P 500 Core Premium Income ETF (GPIX) and another on the Nasdaq-100 index — Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ ). High-yield muni bonds Shah also sees opportunity for income within high-yield municipal bonds . "Municipal high yield is a good way of generating income that can compete with your appreciation," Shah said. GHYAX YTD mountain Goldman Sachs High Yield Municipal Fund Dividend stocks and bonds Investors can also turn to more traditional forms of income in dividend stocks and fixed income, Shah said.

Persons: Goldman, Ashish Shah, Shah, — Goldman Sachs, Goldman Sachs Organizations: Management, CNBC, Federal Reserve, Crane Data, nab, Investors, Goldman, Nasdaq, Goldman Sachs Nasdaq Locations: securitized

☆ Xi was unusually frank in spelling out China's 4 'red lines' for the US, a clear warning for Trump's China hawks
▼ + stars: | 2024-11-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Xi outlined China's "red lines" for the US, including the country's rights to development. He told Washington not to cross "four red lines" — which analysts say is a clear message for the incoming Trump administration. Foreign Minister Wang Yi has warned about not crossing Beijing's "red lines" in the past. AdvertisementXi's language raised some eyebrows, with analysts calling it "harsh" and deeming China's foreign ministry readout "strikingly negative" in some sections. Related storiesXi named Taiwan President William LaiOf the four "red lines," Taiwan is the most sensitive issue between the two countries, as Xi has repeatedly said over the years.

Persons: Jinping, Biden, Xi, Xi Jinping, Joe Biden, Washington, Trump, Igor Khrestin, George W, Khrestin, it's, Wang Yi, Florida Sen, Marco Rubio —, Beijing —, Jersey Lee, William Lai, William Lai Ching, Democratic Progressive Party —, Lai Ching, Lai, Tsai Ming Organizations: Trump, APEC Economic, Bush Institute, Trump Administration, Business, Beijing, State, Lowy, Democratic Progressive Party, Taiwan's National Security Bureau Locations: Beijing, China, Lima , Peru, Taiwan, Florida, United States, US, Ukraine

☆ 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

☆ 82% of workers who asked for a raise in the last year got one, says new report
▼ + stars: | 2024-11-22 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

A majority of full-time workers, 66%, got a raise in the last year whether they asked for one or not, according to an October survey of 2,049 people from LendingTree. And not everyone is asking for a raise at equal rates: Just 35% of women discussed getting a raise, compared with 49% of men, according to LendingTree data. By age range, Gen Z and millennial workers (ages 18 to 43) are most comfortable negotiating for a pay increase. However, the second most-common reason people took a pay cut, at 17%, was in order to take another job with less stress. Roughly one-third of people who experienced a pay cut in the last year saw their salary drop by less than $5,000.

Persons: Z Locations: LendingTree

☆ Bad news if you’re looking to buy a house in the next two years
▼ + stars: | 2024-11-22 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Home sales are on track for their worst year since 1995 due to home-price growth and elevated mortgage rates. Mortgage rates are closely tied to the 10-year US Treasury yield. Billionaire investor Paul Tudor Jones last month said a swelling national debt under Trump would be frowned upon by the bond market.

Persons: Freddie Mac, ” Lawrence Yun, “, Wells, Fannie Mae, Donald Trump’s, Trump, ” Bernard Baumohl, Paul Tudor Jones, “ We’re, ”, Nick Dus, “ They’ve, Dus, NAR’s Yun, Yun, ” Yun, Samantha Delouya Organizations: Washington CNN, National Association of Realtors, Federal, Treasury, Economic Outlook, Billionaire, Trump, CNBC, CNN, Fed Locations: Wells Fargo, Evansville , Indiana

☆ The portfolio's biggest stock winners — and laggards — for the week
▼ + stars: | 2024-11-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The stock market is wrapping up a good week, with the S & P 500 on Friday pacing for its fifth straight session of gains. Next week: It's a holiday-shortened week with markets closed Thursday for Thanksgiving and closed early (1 p.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, industrials, Coterra, We're, Blackwell, CrowdStrike, Robert F Kennedy, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, ., Walmart, Costco, Utilities, Nvidia, Coterra Energy, Technology, Enterprise, Department of Health, Human Services, Department of Justice, Google, Chrome, Burlington Stores, Dick's Sporting Goods, JM, Abercrombie, Fitch, Dell Technologies, HP Inc, Federal, Jim Cramer's Charitable, Traders, New York Stock Exchange, NYSE Locations: New York City

☆ Leaked memo: Amazon says staff in Germany can apply to work from home 2 days a week amid RTO push
▼ + stars: | 2024-11-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

AdvertisementAmazon has told staff in Germany they can apply to work from home for up to two days a week. Amazon has a global mandate for all employees to return five days a week to the office from January. Amazon employees in Germany will be able to apply to work from home up to two days a week when the company's global return-to-office mandate takes effect, Business Insider has learned. Amazon said the expectation is still for employees to work from the office five days a week in Germany, and that it had a similar flexible work policy before the pandemic. It also states that the policy applies to all Amazon employees in Germany, but it does not include Twitch and Audible employees.

Persons: Slack, Andy Jassy, Amazon, Jassy, it's, Jyoti Mann Organizations: BI, Amazon, Business Locations: Germany, jyotimann

☆ Treasury yields fall as investors weigh state of U.S. economy
▼ + stars: | 2024-11-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

The 2-year Treasury yield was last trading at 4.3345% after dipping by more than one basis point. U.S. Treasury yields were lower Friday as investors weighed mixed economic data and assessed the state of the economy. Investors considered the current state and outlook for the U.S. economy after Thursday brought a series of mixed data points. Investors also assessed the latest comments from Federal Reserve officials, scanning them for hints about whether a third back-to-back interest rate cut could be announced when policymakers meet again next month. Chicago Federal Reserve President Austan Goolsbee on Thursday indicated that he saw the need for more rate cuts ahead, but cautioned that the pace of reductions could slow.

Persons: Austan Goolsbee, Michelle Bowman Organizations: Treasury, Investors, Wall Street, Philadelphia Federal Reserve, P Global, Federal Reserve, Chicago Federal Locations: U.S

☆ Japan's October headline inflation rate falls, but economists still see BOJ rate hike on the table
▼ + stars: | 2024-11-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's headline inflation rate slipped to 2.3% in October, its lowest level since January and down from the 2.5% seen in September. The core inflation rate, which excludes fresh food prices, came in at 2.3%, down from September's 2.4%. The figure however, was slightly higher than the 2.2% expected among economists polled by Reuters. According to LSEG data, 55% of economists polled by Reuters as of Nov. 22 expect the BOJ to hike rates by 25 basis points at its December meeting, bringing the benchmark policy rate to 0.5%. On Nov. 18, BOJ Governor Kazuo Ueda said the economy is heading toward sustained wage-driven inflation, and warned against keeping borrowing costs too low, Reuters reported.

Persons: Kazuo Ueda Organizations: Reuters Locations: September's, Japan's

☆ An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
▼ + stars: | 2024-11-22 | by ( Will Martin | ) www.businessinsider.com time to read: +2 min

AdvertisementEV battery maker Northvolt has entered Chapter 11 bankruptcy protection, it said on Thursday. Northvolt said it had secured an extra $245 million in funding as part of the bankruptcy deal. Northvolt, the battery company founded by two former Tesla executives, has filed for Chapter 11 bankruptcy protection after struggling to ramp up production. AdvertisementFounded in 2016 by Carlsson and Paolo Cerutti, Northvolt aimed to revolutionize battery manufacturing but has struggled in recent months. In June, BMW pulled out of a $2.1 billion order for battery cells for its EVs, citing delays to deliveries.

Persons: Northvolt, Goldman Sachs, Tom Johnstone, Peter Carlsson, Carlsson, Paolo Cerutti, Ford Organizations: EV, Tesla, JPMorgan, Microsoft, BMW Locations: Swedish, Sweden, Skellefteå, Europe

☆ Stocks making the biggest moves midday: Reddit, Super Micro Computer, Intuit and more
▼ + stars: | 2024-11-22 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Reddit — The stock fell 6% after Bloomberg, citing a person familiar with the matter, reported that Advance Magazine Publishers is looking to establish a credit facility using as much as $1.2 billion of its stake in Reddit. Gap — The stock jumped more than 10% on the heels of the clothing retailer increasing its full-year outlook — its third time doing so this year. Super Micro Computer — Shares moved more than 11% higher, extending its more than 15% gain in the previous session. Intuit — Shares of the financial software company fell 4% after the release of its fiscal first-quarter report. StoneCo — Shares jumped about 10% after the Brazilian payments company announced a share repurchase program of up to 2 billion reais .

Persons: LSEG, Ross, Needham, bitcoin, —, Alex Harring, Jesse Pound, Michelle Fox Organizations: Bloomberg, Advance Magazine Publishers, BDO, Nasdaq, Intuit —, Intuit, LSEG, Carpenter Technology, JPMorgan, . Texas Pacific, Marathon Oil, ConocoPhillips Locations: Reddit

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