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BEIJING — China on Friday announced the central government would allocate an additional 6 trillion yuan ($840 billion) to local governments for tackling hidden debt issues. The policies will reduce hidden debt from 14.3 trillion yuan to 2.3 trillion yuan by 2028, Lan said. At the parliamentary meeting, officials had reviewed a plan to increase the limit on how much debt local governments can issue, according to state media. The additional quota would go toward swapping out local governments’ hidden debt. Nomura estimates that China has 50 trillion yuan to 60 trillion yuan ($7 trillion to $8.4 trillion) in such hidden debt, and said it expected that Beijing could allow local authorities to increase debt issuance by 10 trillion yuan over the next few years.
Persons: of Finance Lan Fo’an, Lan, Xi Jinping, Donald Trump —, , Nomura Organizations: Friday, of Finance, People’s Bank of, People’s Congress, U.S, Nomura, International Monetary Fund Locations: BEIJING, China, Beijing, People’s Bank of China, Covid
“Queer” — releasing in the U.S. with A24 — world premiered in Venice to positive reviews. After the festival, Mubi acquired the film for multiple territories, including the U.K., Ireland, Canada, Latin America, Germany, Austria, Benelux, Spain, Turkey and India and all rights excluding theatrical in Italy. This ban not only targets a single film but also undermines the very essence and purpose of the festival. For this reason, MUBI has decided to take the position that our audience expects from us. It is with deep regret that we inform you of our decision to cancel the entire MUBI Fest Istanbul.
Persons: Mubi, Luca Guadagnino’s “, William S, Burroughs, Daniel Craig, , MUBI, Organizations: Fest, MUBI Fest Locations: Turkey, Fest Istanbul, Mexico, U.S, Venice, Ireland, Canada, Latin America, Germany, Austria, Benelux, Spain, India, Italy, MUBI, MUBI Fest Istanbul, Kadıköy District Governorate, Istanbul
The U.S. Capitol building November 6, the President-elect Donald Trump was declared the winner of the presidential election. GOP leaders have been dreaming of another major tax package, as many tax provisions are set to expire at the end of 2025. Remember: With Republicans winning control of the Senate, delivering on Trump’s agenda will come down to whether the GOP retains a majority in the House. Even with unified GOP control, there would be challenges ahead for Republicans. One issue is the political math: House Republicans believe if they do hold onto the majority, it won’t be by much.
Persons: Donald Trump, Leah Millis, Joe Biden’s, Mike Johnson —, , Danya Gainor Organizations: U.S, Capitol, Republicans, GOP, Trump, CNN, Democrats, Biden White, House, Republican Locations: Washington, Pennsylvania, Michigan
MELBOURNE, Australia — A self-described Nazi became the first person in Australia to be sentenced to prison for performing an outlawed salute when he was ordered by a magistrate on Friday to spend one month behind bars. Jacob Hersant, 25, is also the first person in the state of Victoria to be convicted of performing the Nazi salute. He was convicted in the Melbourne Magistrates Court last month of performing the salute before news cameras outside the Victoria County Court on Oct. 27, 2023. Hersant had just avoided a prison sentence on a conviction for causing violent disorder. Performing a Nazi salute had been outlawed by the state parliament days earlier.
Persons: Jacob Hersant, Hersant, Brett Sonnet, Tim Smartt, Smartt, “ It’s, ” Smartt, Sonnet, ” Sonnet, , Adolf Hitler, “ We’re, ” Hersant, Organizations: Victoria County Court, Nazi, National Socialist Network Locations: MELBOURNE, Australia, Nazi, Victoria, Melbourne, Victoria County
President-elect Donald Trump has carried Nevada over Vice President Kamala Harris in the presidential race, NBC News projects. Trump announced the proposal at a Las Vegas campaign rally in June. Harris visited Las Vegas several times, too, after she became the Democratic nominee in the summer. Trump won Nevada after six Republican “fake electors” were indicted last year on forgery charges over their alleged submission of fake certificates to Congress declaring Trump the winner in the state four years ago. Nevada relies heavily on mail-in voting, which Trump and Republican allies railed against in the 2020 election and since.
Persons: Donald Trump, Kamala Harris, Trump, Hillary Clinton, Joe Biden, — Trump, Joe Lombardo —, Republicans hadn’t, Harris, , Democrat Aaron Ford Organizations: NBC, White, Trump, Republican Party, Republican, GOP, Republicans, Las Vegas, Culinary Union, Democratic, Nevada, Democrat Locations: Nevada, Las Vegas
Almaty, Kazakhstan CNN —Several cities around the globe have reinvented themselves in recent years, but none more successfully than Almaty. Since the collapse of the USSR, Kazakhstan’s largest city (population 2.2 million and growing) has evolved from a drab, run-of-the-mill Soviet metropolis into the urban star of Central Asia. “It’s an incredibly livable city,” says long-time American resident Dennis Keen, a historic preservation advocate and founder of Walking Almaty. Over and underground artThe Abilkhan Kasteev State Art Museum is filled with more than 20,000 works of art. Other good collections include the Ihlas Museum of Folk Musical Instruments (in a Russian-style wooden mansion built in 1908) and the ethnographic artifacts of the Almaty Museum.
Persons: It’s, , , Dennis Keen, ” Keen, “ It’s, Jama Nurkalieva, Charles O, Cecil, Alamy, Auyl, James Talalay, Lukas Bischoff, Keen, Roshcha Organizations: Kazakhstan CNN, Walking, Central, Cathedral, Astana, Tselinny Center of Contemporary, Dynamo, Prix Versailles, Park, Art, Louvre, Art Museum, Ihlas Museum, Folk, Almaty Museum, Eiffel, of Contemporary, Academy of Science, Turkish Airlines, Air Astana, Ritz, Carlton Locations: Almaty, Kazakhstan, USSR, Kazakhstan’s, Central Asia, Walking Almaty, , Central Asian, China, Europe, Russian, Soviet Union, Shan, Lower Kolsai Lake, There’s, Soviet, Zholy, Almaty Metro, Almaly, Auezov, Istanbul, Beijing, Seoul , New Delhi, Bangkok, Arasan, Otrar, Lanzhou, Novotel, Darejani, Ascension
It faced a June 2025 deadline to complete the project, according to the federal indictment outlining grand jury charges against Lumumba, Owens and Banks. Lumumba faces five charges, including one count of federal program bribery and another count of money laundering. Banks has been charged with one conspiracy to commit federal program bribery, honest services wire fraud and money laundering, in addition to a count of federal program bribery. At least seven people have pleaded guilty in relation to the scandal. “This indictment is a horrible example of a flawed FBI investigation,” Owens told reporters after he pleaded not guilty Thursday.
Persons: JACKSON, , , Chokwe Antar Lumumba, , Lumumba, Jody Owens, Owens, Aaron Banks, Angelique Lee, Barbara Gauntt, Banks, Owens ’, Sherik Marve Smith, ” Smith, “ Banks, Jackson, ” Todd Gee, Ward, ” Owens Organizations: Miss, City, Democrat, Department of Housing, Urban, Banks, Jackson City, Clarion, Ledger, USA, Democratic, NBC, Authorities, Federal, Justice Department, FBI, Courthouse, , Southern, Southern District of, Locations: Mississippi’s, Jackson, Hinds, Nashville , Tennessee, Fort Lauderdale , Florida, Owens, U.S, Southern District, Southern District of Mississippi, Africa
GRAND RAPIDS, Mich. — A Mexican national who is in the U.S. illegally was sentenced Thursday to 39 years in a Michigan prison for killing his girlfriend, a crime that suddenly was thrust into the U.S. presidential race because of the man’s immigration status. I apologize with the utmost respect to all immigrants from all walks of life,” Brandon Ortiz Vite told a judge in Grand Rapids. Ortiz Vite, 26, pleaded guilty in September to murder and other crimes. Ruby Garcia was found shot to death on the side of a Grand Rapids highway. “You, sir, are a cold-blooded murderer,” Judge Mark Trusock told Ortiz Vite.
Persons: ” Brandon Ortiz Vite, Ortiz Vite, Ruby Garcia, Donald Trump, Biden, it’s, Trump, Mark Trusock, ” Ortiz Vite, Organizations: U.S, AP Locations: GRAND RAPIDS, Mich, , U.S, Michigan, Grand Rapids, Grand
The husband of a San Antonio woman who has been missing for a month has been charged with murder. Brad Simpson is charged in the death of Suzanne Simpson, a 51-year-old mother of four who was last seen outside her San Antonio home on Oct. 7 by her neighbor, officials have said. Authorities have not publicly announced that Suzanne Simpson's body has been found. No one with the county’s public defender’s office, which was representing Simpson, could be immediately reached for comment Thursday night. He is accused of unlawfully possessing a short-barrel rifle that was not registered to him, according to the complaint.
Persons: Brad Simpson, Suzanne Simpson, San Antonio, Suzanne Simpson's, Simpson Organizations: San, The Texas Department of Public, Authorities, NBC, WOAI Locations: San Antonio
Rashida Jones is paying tribute to an icon, culture shifter, genius and, most importantly, her late father, Quincy Jones. Quincy Jones, who worked with a slew of iconic singers like Frank Sinatra to Michael Jackson, died Sunday at 91. Days after the legendary music producer’s death, his 48-year-old daughter penned an emotional and heartfelt message about life with her dad. “All accurate descriptions of my father but his music (and ALL of his work) was a channel for his love. Your love lives forever.”Quincy Jones and Rashida Jones’ mom, Peggy Lipton, were married from 1974 to 1990.
Persons: Rashida Jones, Quincy, Quincy Jones, Frank Sinatra, Michael Jackson, , , ” Rashida Jones, “ I’ll, ” Quincy Jones, Peggy Lipton, Kidada Jones Organizations: Recreation Locations: Quincy Jones, Parks, “ Quincy,
On the wide-open roads of America, Yifei Xu has conducted an experiment in humanity. “I want to show that human nature is good!” Xu said. “To be honest, before I came here I had a different — and you could even say, slightly negative — perception of America,” Xu said in Mandarin, speaking with NBC News. And although many people offered him more than food — perhaps cash or a ride — he said he refused both. David Hatker was at home having dinner with his family in Davis, California, when Xu came knocking.
Persons: Yifei Xu, , ” Xu, Xu, Bennington , Nebraska —, David Hatker, , he’s Organizations: NBC News, , U.S Locations: America, Shanghai, United States, China, Russia, England, France, Catawissa , Pennsylvania, Bennington , Nebraska, Davis , California
Trump is also wary of special elections to replace sitting lawmakers, especially in the Senate. has conveyed that he is not interested in entering the Trump administration, according to three sources familiar with the decision. Sessions, an adviser to Trump in 2016, was one of his earliest supporters when Trump elevated him from the Senate to run his Justice Department. The special election to replace him also turned into a centerpiece of Democratic organizing against Trump. Though the GOP won the special election narrowly, Republicans lost Price's congressional seat in the midterms and then watched Georgia turn blue in 2020.
Persons: Donald Trump, Trump, Steven Mnuchin, Ben Carson, Jeff Sessions, recusing, Tom Price, Ryan Zinke of, Roy Moore, Moore, Sen, Eric Schmitt, Marco Rubio, Tom Cotton, Mike Waltz, Mike Pompeo, Trump’s, Cotton, Bill Clark, Donald Trump Jr, , Rubio, , I’m, ” Rubio, Pompeo, Sessions, Price, Zinke, Rick Scott's Organizations: White, Treasury Department, of Housing, Urban, Republican, Trump, CIA, Getty, Trump Jr, coy, NBC’s, Senate, Congress, Justice Department, GOP, Republicans, Interior Department Locations: Alabama, Ryan Zinke of Montana, United States, Georgia
Prince William said the past year has been “brutal” as his wife and father announced their diagnoses with cancer. It's probably been the hardest year in my life," William told NBC News' international partner, Sky News, at the end of a weeklong tour in Cape Town, South Africa, for the fourth annual Earthshot Prize. King Charles III announced his cancer diagnosis in February following a procedure for benign prostate enlargement. "Trying to get through everything else and keep everything on track has been really difficult," William, Prince of Wales, told Sky. "It's interesting you say that, ’cause I couldn't be less relaxed this year," he told Sky.
Persons: Prince William, It's, William, King Charles III, Buckingham, Kate, Princess, Wales, Charles, William , Prince of Wales, I'm, you've Organizations: NBC News, Sky News, Sky Locations: Cape Town , South Africa
Watch Friday's full episode of Fast Money — November 8, 2024
  + 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 EmailWatch Friday's full episode of Fast Money — November 8, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Persons: Melissa Lee
I own 11 designer bags and have made some mistakes while building my collection. In my opinion, curating a collection based on your personal style is the best way to select bags. AdvertisementAside from my family, friends, and pets, I consider handbags to be my first love — specifically, designer bags. Over the years, I've carefully curated a collection of 11 designer bags. Although I pride myself on being an informed buyer and in touch with my personal style, I've certainly made some mistakes while building my collection.
Persons: curating, , I've Organizations: Service
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. OpenAI estimates that ChatGPT rejected more than 250,000 requests to generate images of the 2024 U.S. presidential candidates in the lead up to Election Day, the company said in a blog on Friday. The rejections included image-generation requests involving President-elect Donald Trump, Vice President Kamala Harris, President Joe Biden, Minnesota Gov. The number of deepfakes has increased 900% year over year, according to data from Clarity, a machine learning firm. Lawmakers have been particularly concerned about misinformation in the age of generative AI, which took off in late 2022 with the launch of ChatGPT.
Persons: Sam Altman, ChatGPT, Donald Trump, Kamala Harris, Joe Biden, Tim Walz, JD Vance, OpenAI, Alexandra Reeve Givens, Trump Organizations: Minnesota Gov, Lawmakers, Center for Democracy & Technology, CNBC Locations: Minnesota
Whoopi Goldberg, 68, has a vacation home in Sardinia, Italy, the first designated "Blue Zone." Sardinia, an Italian island in the Mediterranean Sea, was the first designated "Blue Zone." Related storiesLiving in a "Blue Zone"Dan Buettner made the term "Blue Zones" a household phrase in a cover story for National Geographic. In addition to Sardinia, the five original "Blue Zones" are in parts of California, Japan, Greece, and Costa Rica. Although the premise of living in a "Blue Zone" sounds promising, critics have questioned its legitimacy.
Persons: Whoopi Goldberg, Goldberg, , Whoopi, Jimmy Fallon, cohost, We're, there's, Dan Buettner, Buettner, Nir Barzilai Organizations: Service, CBS, Business Insider, Geographic, Netflix, NBC, BI, Institute for Aging Research, Albert Einstein College of Medicine, New York Times Locations: Sardinia, Italy, Italian, California, Japan, Greece, Costa Rica, Singapore
Russia's brain drain has become its economy's biggest problem, an economist told Business Insider. The long-lasting nature of brain drain makes the issue more serious than, say, inflation, which could be remedied by central bank maneuvering. Over the next decade, Russia's economy could devolve into one dependent mainly on its natural resources rather than on the most innovative industries, Portes speculated. That's similar to what other economic forecasters have predicted, with some warning Russia's economy could become de-industrialized as its resources are siphoned off by the war. Advertisement"It will be reduced to a resource economy, a natural resource economy," he said of Russia's future.
Persons: , Richard Portes, they've, Portes Organizations: Service, London Business School, Russia, French Institute of International Relations, Business, Institute of Economics, Russian Academy of Sciences, Labor, Russian, UC Berkeley Locations: Russia, Ukraine
CNN —Like many other Middle Eastern economies, Bahrain has been trying to move away from its dependence on fossil fuels. In October, the National Bank of Bahrain launched a Bitcoin investment fund, aimed at institutional investors — a first for the GCC. At the Gateway Gulf event, Bahrain’s Minister of Tourism announced the construction of 16 new hotels totaling over 3,000 rooms. However Al Khalifa believes that the success of its GCC partners will ultimately prove beneficial for Bahrain. “All of us are working together to increase economic activity, increase the pie for the whole region, and this rising tide will lift all of the economies of the region.”
Persons: ” Shaikh Salman bin Khalifa Al Khalifa, CNN’s Richard, , ” Al Khalifa, , Steffen Hertog, Abu Dhabi, Hertog, Al Khalifa Organizations: CNN, Bahrain’s, Finance, National, Gulf Cooperation Council, United, United Arab Emirates, GCC, World Bank, National Bank of, Tourism, London School of Economics, Political Science, Locations: Bahrain, Gateway, ” “ Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab, National Bank of Bahrain, “ Dubai, Dubai, Abu, Saudi
Scenic Luxury Cruises & Tours delivered just that on my recent nine-day Mekong River cruise through Vietnam and Cambodia on the Scenic Spirit. Jill SchildhouseOne of the biggest trade-offs when sailing on an ultra-luxury small ship is the limited variety of venues and amenities compared to megaships. On my Mekong River cruise, Scenic brought in local performers to share traditional dance and music, offering a close-up view of the region's culture. After just one day on our river cruise, staff knew the names, preferences, and go-to drink orders of many guests. AdvertisementAlthough I received this cruise complimentary from Scenic Luxury Cruises & Tours, the rate for my sailing would have been about $7,075.
Persons: I've, , who's, riverboats —, Jill Schildhouse, There's, I'd Organizations: Service, Cruises, Tours, Luxury Cruises Locations: Vietnam, Cambodia
On Friday morning, eight of the cathedral’s bells tolled for the first time since April 2019, according to Alexandre Gougeon, who managed their installation. “Hearing the bells ring this morning was very moving,” Gougeon told CNN, adding that the project to install the bells had taken a year and a half. Three new bells were also presented to the public and installed in the cathedral on Thursday. A worker installs the clapper onto "Marcel," one of the eight bells of Notre-Dame's north belfry in September. Ed Jones/AFP/Getty ImagesIn 2019, the 850-year-old building was engulfed by a devastating blaze, which burned for several hours.
Persons: Alexandre Gougeon, ” Gougeon, Notre Dame, , ” Tony Estanguet, , Olivier Ribadeau Dumas, Marcel, Ed Jones, Hubert Hitier, Emmanuel Macron, Philippe Jost, ” Jost Organizations: CNN, Notre, Dame, Paris, Stade de France, Notre Dame, BFM, Getty, UNESCO, Heritage, RTL, Locations: Paris, Notre, French, , AFP, Seine
Tesla and a handful of other so-called Trump trades led the market rally this week as investors welcomed the Republican's victory in the presidential election. Excluding stocks that reported earnings this week, some of the best performers were those viewed as tied to Donald Trump 's win. Trump trades can earn that title by being part of sectors such as financials or energy viewed as beneficiaries of his expected shifts away from regulation, among other things. CNBC screened for the Trump trade names that led the index higher this week and did not report earnings. The electric vehicle maker is one of the best-known Trump trades given CEO Elon Musk 's advocacy for the president-elect on the campaign trail.
Persons: Tesla, Donald Trump, Trump, Elon Musk, LSEG, John Murphy, Murphy, Elon Musk's, Baker Hughes Organizations: Trump, Monday, Federal Reserve, CNBC, Bank of America Locations: Texas
These are the most overbought stocks after Trump's win this week
  + stars: | 2024-11-08 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +4 min
Several software companies could be due for a pullback after the stock market's roaring rally this week, fueled by president-elect Donald Trump's election victory as well as robust quarterly earnings reports. Shares of video game makers Take-Two Interactive Software and Electronic Arts are two of the stocks that are technically overbought right now, according to the analysis. The most overbought stock this week was human capital management software company Dayforce, with an RSI of 92.4. But higher prices and expectations of normalizing pricing, which helped Coke guide its organic revenue growth this year to the high end of a prior forecast, could lead the stocks higher. Other oversold stocks include power generation company AES , as well as radio frequency equipment maker Qorvo and Regeneron Pharmaceuticals — the latter two of which were also oversold the previous week.
Persons: Donald Trump's, Trump, Morgan Stanley, Mills, Dr Pepper Organizations: Major, Dow Jones, Nasdaq, CNBC Pro, Companies, Electronic Arts, Software, Gilead Sciences, AES, Regeneron Pharmaceuticals Locations: Major U.S, Gilead
Just don't confuse gossip with venting, says leadership expert and bestselling author Simon Sinek. "To get on a call with a colleague and vent about your boss is not necessarily unhealthy, and it's not necessarily gossip," Sinek told psychotherapist Sara Kuburic in a LinkedIn video post last month. "Allowing venting to happen is healthy, but validating venting can make it become gossip. In the video, Kuburic defined venting as "you-focused" and gossiping as "other-focused." Sharing your frustrations about a stressful project is venting, for example, while criticizing a colleague's skills or work ethic behind their back is gossiping.
Persons: Simon Sinek, it's, Sinek, Sara Kuburic
For the second time in eight years, the highest, hardest glass ceiling survived millions of tiny cracks, once again testing the optimism of those who hope to see the first female president elected. The late Rep. Shirley Chisholm, a former New York congresswoman, became the first Black woman to seek the office in 1972. “I’m ready for a female president, I just don’t think that most of America is yet, and I don’t know why,” she said. In the Senate, Angela Alsobrooks will be the first Black woman to represent Maryland and Lisa Blunt Rochester will be the first woman to represent Delaware. Together, the two Democrats will be the first two Black women to serve in the chamber at the same time.
Persons: Kamala Harris, Janet Edwards, Harris, “ I’m, ” Edwards, , Donald Trump, Shirley Chisholm, ” Harris ’, Chisholm, Hillary Clinton, Barack Obama, Clinton, Joe Biden, , Trump, Clinton –, Melinda Corey, , ” Priya Lewis, Kamori Thomas, Howard University – Harris, alma, Thomas, ” Thomas, ” Lewis, Harris –, “ We’ve, Kelly Dittmar, Dittmar, Harris ’, Nadia Brown, Brown, Angela Alsobrooks, Lisa Blunt Rochester, Republican Julie Fedorchak, Sarah McBride of, David Axelrod, , I’ve, Axelrod, – Harris, who’d, ” Harris, Christina Reynolds, doesn’t Organizations: CNN, Howard University, , White House, Victoria, Equal Rights Party, Democratic, Trump, Center for American Women, Georgetown University, “ Research, House, Republican, Democratic National Convention Locations: Washington, Italy, North Macedonia, Mexico, New York, America, , Maryland, Delaware, Sarah McBride of Delaware, DC
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