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☆ Marius Borg Høiby, son of Norway’s crown princess, accused of second rape
▼ + stars: | 2024-11-22 | by ( Billy Stockwell | ) edition.cnn.com time to read: +2 min

CNN —The 27-year-old son of Norway’s crown princess has been accused of a second rape just days after he was arrested on suspicion of the same offense. Police said they are investigating the second alleged incident thoroughly. This means that we are now investigating two rape cases involving Marius Borg Høiby,” the police added. Norway’s Crown Prince Haakon told the country’s public broadcaster, NRK, that the situation is affecting everyone around Høiby. Høiby was born before his mother, Mette-Marit, married Crown Prince Haakon and became a princess in 2001.

Persons: Norway’s, Andreas Kruszewski, Marius Borg Høiby, Øyvind Bratlien, ” Bratlien, Høiby, “, Hege Salomon, Prince Haakon, Marius, ”, Mette, Marit, CNN’s Catherine Nicholls Organizations: CNN, Oslo Police District, Thursday . Police, NRK Locations: Oslo, Norway’s

☆ SCOTUS tosses out securities fraud case against Facebook
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSCOTUS tosses out securities fraud case against FacebookCNBC's Eamon Javers joins 'Squawk on the Street' to report on the Supreme Court tossing out the securities fraud case against Facebook.

Persons: SCOTUS, Eamon Javers Organizations: Facebook

☆ 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

☆ One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street
▼ + stars: | 2024-11-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The words “private equity” are almost poetic in their power to obfuscate in such a way that most people simply tune out when they hear them. But there’s a reason workers tend to have a negative association with private equity. Per Bloomberg, Apollo “built its name as the scrappiest private equity and distressed-debt investor on Wall Street by buying businesses and loading them up with debt that offered creditors meager protections in the face of default.”Historically, private equity deals were largely handled by big banks. Private equity firms now hold controlling stakes across an array of industries, including supermarkets, housing, health care, fashion, restaurants and vet clinics. And other efforts to force more transparency and accountability in private equity have similarly faced opposition.

Persons: CNN Business ’, Marc Rowan, Donald Trump’s, Rowan, Bill Lazonick, he’s, ”, Megan Greenwell, aren’t, ” Dennis Kelleher, Apollo “, it’s, Sen, Elizabeth Warren of, hadn’t, Scott Bessent, Kevin Warsh, “, ” Greenwell Organizations: CNN Business, New York CNN, Apollo Global Management, Treasury, OCC, Republicans, Industry Research Network, — Bloomberg, KKR, Blackstone, Carlyle Group, Securities and Exchange Commission, “, Research, Treasury Department, Bloomberg, Financial Times, Federal Reserve Locations: New York, ”, Elizabeth Warren of Massachusetts

☆ The case for altcoins and memes as bitcoin, now approaching $100,000, faces a potential correction
▼ + stars: | 2024-11-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

There are thousands of altcoins on the crypto market that are smaller, cheaper, younger and less sophisticated than the blue-chip bitcoin. "It has not been alone … crypto coins across the board have exploded higher in recent weeks. The riskiest business At the furthest end of the risk spectrum are meme coins like dogecoin , whose trading ballooned after the election . "I'd urge long-term investors to not place too much emphasis on meme coin activity — easy come, easy go," said Ryan Rasmussen, an analyst at Bitwise Asset Management. "While meme stocks such as Gamestop and AMC are a small part of the equity market, meme coins are a larger part of the crypto market and represent an outsized share of volume."

Persons: Gary Gensler, They've, bitcoin, Wolfe, Rob Ginsberg, it's, Mike Novogratz, Wolfe's Ginsberg, Donald, they've, Ryan Rasmussen, Zach Pandl, John Todaro, Robinhood, — CNBC's Michael Bloom Organizations: Securities and Exchange Commission, Trump, Galaxy Digital, Solana, Bitwise Asset Management, lotto, Grasycale Investments, Gamestop, AMC, Robinhood Locations: overbought, bitcoin

CNN —President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. Compared to Lutnick’s more aggressive campaign for the role, Bessent led a more understated quest for the position. All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.

Persons: Donald Trump, Scott Bessent, “ Scott, ” Trump, Scott, ” Bessent, Trump, George Soros, Bessent’s, Bessent, Pete Buttigieg, ”, Howard Lutnick –, Lutnick, Cantor Fitzgerald, fides, MAGA, Elon, Steven Mnuchin, Mnuchin, Kayla Tausche, Matt Egan Organizations: CNN, Department of, Treasury, of Innovation, Capital, U.S, Reserve, Square Capital Management, Soros Fund Management, Democratic, Senate, Republican, Associated Press, Biden, Wall Street, Trump, ”, Financial Times, CNBC, Soros, United, Republicans, Treasury Department Locations: United States, United States of America, China

☆ 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

☆ How the news media is quietly preparing for a hostile second Trump administration
▼ + stars: | 2024-11-22 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

“You can just tell by the nominees for cabinet positions and agency heads that this will be an administration of retribution,” Baron added. Trump’s impending return to power was a theme of the conversations at the Committee to Protect Journalists gala. Attendees discussed the need to report without fear or favor, to be open-minded but clear-eyed about what actions the Trump administration might take, and to avoid fearmongering but to consider a range of possibilities. Here are some of the specific concerns that have arisen among members of the media:In the second Trump term, legal threats and frivolous lawsuits could pile up, costing newsrooms money and time. The Trump administration could reinstate the Justice Department’s past practice of pursuing reporters’ records in leak investigations.

Persons: Joe Scarborough, Mika Brzezinski’s, Donald Trump, Brzezinski, Trump, Joe ”, Marty Baron, ” Baron, Jodie Ginsberg, they’re, newsrooms, Trump’s, Jessica Lessin, ”, it’s, ” Lessin, Jacob Weisberg, Matt Egan, ” Poynter, Kelly McBride, “, leakers, nix, CNN’s Liam Reilly Organizations: New, New York CNN, MSNBC, Scarborough, Washington Post, ”, Protect Journalists, Committee, Newsroom, “ Journalists, Trump, Media, TV, Nonprofit, Social, Republicans Locations: New York, Mar

☆ Elon Musk has never been richer. He’s now worth nearly $350 billion
▼ + stars: | 2024-11-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —The aftermath of the 2024 US presidential election has been a boon to Elon Musk. The richest person in the world got even richer Friday, with Musk’s net worth hitting a record $347.8 billion, Bloomberg reported. That beats his previous record set in November 2021, when the Tesla founder’s net worth exceeded $340 billion, according to the Bloomberg Billionaires Index. Musk, Tesla’s largest individual shareholder, is roughly $83 billion richer since Election Day, according to the Bloomberg Billionaires Index. As of Tuesday, Musk was more than $100 billion richer than the second richest person, Amazon founder Jeff Bezos.

Persons: Elon Musk, Trump, Donald Trump, Musk, Tesla, Vivek Ramaswamy, ”, Jeff Bezos, CNN’s Allison Morrow Organizations: New, New York CNN, Bloomberg, Tesla, SpaceX, Boring Company, “ Department, Government Efficiency, Wall Street Locations: New York

☆ Opinion | The Secret Behind America’s Moral Panic
▼ + stars: | 2024-11-22 | by ( M. Gessen | ) www.nytimes.com time to read: +2 min

President Trump is for you” — Democrats are now debating how much the issue of trans rights hurt them and how fast they should retreat from it. The party’s decision to focus on the issues that matter to most voters, especially reproductive rights, and set trans rights aside is based on a misconception. The two issues can’t be separated, because trans rights don’t just resemble reproductive rights; trans rights are reproductive rights. But opponents of trans rights argue that there is an area in which the consequences can be nothing short of catastrophic, and that area is reproduction. Both of them have repeatedly expressed fear that the treatment they received as teenagers could have rendered them infertile.

Persons: Donald Trump, “ Kamala, Trump, Kamala Harris, Chloe Cole, Keira Bell Locations: United States, United Kingdom

☆ Where every major character on 'Outlander' left off ahead of the show's season 7 return
▼ + stars: | 2024-11-22 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

Claire started season seven in jail and ended it returning to Scotland with Jamie. Caitríona Balfe as Claire in "Outlander" season seven. Robert Wilson/StarzClaire began season seven in a jail cell in Wilmington after she was falsely accused of murdering her pregnant apprentice, Malva Christie (Jessica Reynolds). Once freed from jail, Claire returned to Fraser's Ridge and continued her duties as the community's doctor and healer, which included delivering her granddaughter. By the midseason finale, Claire and Jamie were making the journey back to Scotland after an unexpected turn of events at the second battle of Saratoga.

Persons: Claire, Jamie, Caitríona Balfe, Robert Wilson, Starz Claire, Malva Christie, Jessica Reynolds, Tom Christie, Mark Lewis Jones, Audiences, Allan Christie, Alexander Vlahos, Malva Organizations: Scotland, Starz Locations: Wilmington, Scotland, Saratoga

☆ HSBC names 2 China stock picks for 2025 — and gives one over 70% upside
▼ + stars: | 2024-11-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese markets are "turning a corner" following a series of government stimulus measures , HSBC said, naming its top stock ideas for 2025. Here are two of the stocks HSBC likes: KE Holdings HSBC is bullish on real estate player KE Holdings (or Beike), and considers it a key beneficiary of "China's 2025 inflection point." KE Holdings "has the highest earnings sensitivity to a recovery in property sales in both the primary and secondary markets," he added. KE Holdings' shares are listed on the Hong Kong Exchange and trade as an American Depositary Receipt (ADR) in the U.S. under the ticker BEKE . Hongfa Technology HSBC is also bullish Hongfa Technology and has a target price of 48.10 Chinese yuan ($28.30) on the stock, giving it around 50% upside.

Persons: Oliver Yu, Goldman Sachs, Morgan Stanley, Yu, Corey Chan, Chan, — CNBC's Michael Bloom Organizations: HSBC, KE Holdings HSBC, Holdings, HSBC Global Research's, Real, KE Holdings, Hong Kong Exchange, Hongfa Technology HSBC, Technology, HSBC Qianhai Securities, Shanghai Stock Exchange, iShares Global Tech ETF, Fidelity MSCI Locations: China, U.S

☆ 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

☆ Final Trades: Deckers, Electronic Arts, Citigroup and the INDA
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Deckers, Electronic Arts, Citigroup and the INDAThe Investment Committee give you their top stocks to watch for the second half.

Organizations: Electronic Arts, Citigroup, Investment

☆ 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

☆ Matt Gaetz says he’s not returning to Congress next year
▼ + stars: | 2024-11-22 | by ( Kristen Holmes | ) edition.cnn.com time to read: +5 min

CNN —Former Florida Rep. Matt Gaetz, who withdrew from consideration as President-elect Donald Trump’s pick for attorney general on Thursday, said Friday he will not be returning to Congress next year. And I’m actually excited to see Northwest Florida go to new heights and have great representation,” Gaetz told Kirk. He also praised Trump’s subsequent choice for attorney general, which the president-elect announced just hours after Gaetz withdrew his name — former Florida Attorney General Pam Bondi. “My good friend Pam Bondi is going to be a phenomenal attorney general for Donald Trump. “I had a full-time job explaining to senators that maybe a tweet I sent about them was rash and not reflective of how I would serve as attorney general.

Persons: Matt Gaetz, Donald Trump’s, “ I’m, ”, Charlie Kirk, Gaetz, —, who’ve, ” Gaetz, Kirk, Trump, Trump’s, Pam Bondi, “, Donald Trump, Gaetz —, Pam Bondi’s, Kevin McCarthy, Eric Brander Organizations: CNN, Former Florida, 119th, Trump, Department of Justice, Capitol, United States Congress, Justice Department, Hill, California Republican Locations: Northwest Florida, Florida, “, Washington, California

☆ Elon Musk's Neuralink is hiring technicians to ramp up manufacturing
▼ + stars: | 2024-11-22 | by ( Grace Kay | Hilary Brueck | ) www.businessinsider.com time to read: +5 min

AdvertisementNeuralink, Elon Musk's neurotechnology company, is hiring for multiple manufacturing roles. Neuralink, Elon Musk's brain-computer interface company, is looking to hire manufacturing technicians and microfabrication specialists. Two manufacturing technicians work at the company, based on public LinkedIn profiles, with those employees joining in 2021 and February 2024. A Neuralink recruiter said the company is hiring manufacturing technicians to "boost production." Neuralink also appears to be hiring for manufacturing roles for its surgical robot, a job listing shows.

Persons: Elon Musk's, Elon, Neuralink, Tinglong Dai, Dai, John Donoghue, you'd, wouldn't, Donoghue Organizations: LinkedIn, Johns Hopkins University, Brown University, FDA, Reuters, SpaceX, Austin American, Statesman Locations: California, Texas, Austin, Nevada

☆ Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
▼ + stars: | 2024-11-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Now we see it's very common for these store cards to charge over 30%." Just before the Fed began its rate-cutting cycle in September, many retailers and their bank partners raised interest rates on their store cards to protect their profits when the federal funds rate — which determines their own interest rates — came down. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping season, which is when most consumers sign up for store cards. That was less than half of the interest rate increase for store cards seen from September 2023 to September 2024, when the federal funds rate didn't budge. When asked why they increased the APR on their store cards, the companies that returned CNBC's request for comment pointed vaguely to industry standards and the current economic environment.

Persons: Tommy, Petco, Ted Rossman, it's, Jasmine Matheney, Nordstrom, Matheney, you've, preemptively Organizations: U.S, Federal Reserve, Navy, Academy Sports, Fed, CNBC, Comenity Bank, Big Lots Locations: Petco, Burlington, Macy's, Michael's, Michigan

☆ How Ariana Grande built her fortune, from Broadway and Nickelodeon to hit albums and movies
▼ + stars: | 2024-11-22 | by ( Callie Ahlgrim | Gianluca Russo | ) www.businessinsider.com time to read: +1 min

By the end of the decade, Grande's music career had reached new heights with "Sweetener" and "Thank U, Next." Ariana Grande performs "7 Rings" during the Sweetener World Tour. Kevin Mazur/Getty Images for Ariana GrandeGrande released her fourth studio album, "Sweetener," in 2018. 1 song on the Billboard Hot 100 with "Thank U, Next." Later that year, Grande embarked on the Sweetener World Tour to promote the pair of releases.

Persons: Ariana Grande, Kevin Mazur, Grande, Grande's, Richard Rodgers, Oscar Hammerstein, Taylor Swift Organizations: Forbes Locations: Ariana Grande Grande

☆ Are we any closer to a greener future? Leaders weigh in at the world's largest energy event
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +2 min

Fossil fuels still dominate the global energy mix at 81.5% in 2023, according to the Energy Institute. "It just goes to show how difficult it is to change the energy mix. It's because it takes time," said Lorenzo Simonelli, chairman and CEO of Baker Hughes, a global energy technology company. Takayuki Ueda, the representative director president and CEO of INPEX, a Japanese oil company, reiterated technology's role in the energy transition. Energy companies have been leaning on gas as a "reliable dispatch of power" to meet demand, said Maví Zingoni, CEO of Power at GE Vernova, an energy equipment manufacturing and services company.

Persons: Lorenzo Simonelli, Baker Hughes, Simonelli, Takayuki Ueda, Ueda, Maví Zingoni, Zingoni, Olivier Le Peuch, Le Peuch, CNBC's Dan Murphy Organizations: Energy Institute, CNBC, Energy, Power, GE Vernova, SLB Locations: Abu Dhabi

☆ 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

☆ 'Wicked' is a prequel to 'The Wizard of Oz.' Here's where it fits in the story's timeline.
▼ + stars: | 2024-11-22 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

AdvertisementThe new "Wicked" movie musical is a prequel to "The Wizard of Oz." Spoilers ahead for "Wicked" movie and Broadway show"Wicked" is a prequel to "The Wizard of Oz," but the story starts halfway through the original 1939 movie. The "Wicked" movie and Broadway show, however, are based on Gregory Maguire's 1995 revisionist novel "Wicked: The Life and Times of the Wicked Witch of the West." Glinda the Good Witch gives Dorothy the Wicked Witch of the East's ruby shoes. AdvertisementThe movie follows the musical and book's plot where Elphaba, the Wicked Witch of the West, didn't start out wicked.

Persons: Oz, Frank L, Baum, Gregory Maguire's, Maguire, Cynthia Erivo, Dorothy Gale, Toto, Glinda, Dorothy, Elphaba, Ariana Grande, didn't Organizations: Broadway Locations: Kansas, Oz, Elphaba's, Munchkinland

Matt Gaetz’s withdrawal Thursday as a candidate for attorney general illustrates the roadblocks President-elect Donald Trump could face as he attempts to convert his campaign of “retribution” into a governing coalition capable of working within the realities of Washington. In Gaetz, Trump would finally get the loyal attorney general he felt like he never had in his first term. But it was a tough sell from the moment Trump announced Gaetz as his choice eight days ago — in a pick that shocked much of Washington. In the end, it was the “combination of the ethics report and opposition among Senate Republicans,” that doomed Gaetz’s candidacy, a senior Senate aide told NBC News. Before Gaetz’s withdrawal Thursday, Trump allies were pushing hard on GOP senators and other ambitious Republicans to publicly support his embattled Cabinet picks.

Persons: Matt Gaetz’s, Donald Trump, ”, Gaetz, MAGA, Trump, “, Vance, ” Gaetz, Sens, Mitch McConnell of, Lisa Murkowski, Susan Collins of, Markwayne Mullin, John Curtis of Utah, JD Vance, ” Sen, Mike Rounds, ” Rounds, Pete Hegseth, shouldn’t, Robert F, Kennedy Jr, Tulsi Gabbard, Matt, they’re Organizations: Republican, The Justice Department, Republicans, NBC News, Trump, Capitol, Gaetz, “, Senate, Fox News, Justice Department Locations: Washington, Florida, Trump, Mitch McConnell of Kentucky, Alaska, Susan Collins of Maine, Oklahoma, Ohio, Hawaii

If Steel wins, that number would be 151, the same number of women serving in Congress on Election Day, and the first stall in progress since 2016, when President-elect Donald Trump won his first term. Both scenarios mean the number of women in the next Congress will also fall short of the current record of 152 women, following Texas Democratic Rep. Erica Lee Carter’s special election win this month. Senate Republican women will also meet their current record, with nine in the chamber. The number of House Republican women will decrease because of some losses and retirements, falling from 34 in the current Congress to 31 or 32, depending on Steel and Miller-Meeks’ races. After Trump’s first election in 2016, Democrats did see a surge in women running for Congress in 2018, and a wave of Republican women stepped up to run two years later in 2020.

Persons: Mary Peltola, Republican Nick Begich, Michelle Steel, Derek Tran, Steel, Mariannette Miller, Meeks, Christina Bohannon, Donald Trump, Kelly Dittmar, Erica Lee Carter’s, ” Dittmar, Maryland’s Angela Alsobrooks, Delaware’s Lisa Blunt Rochester, North Dakota Republican Julie Fedorchak, South Carolina Republican Sheri Biggs, Elise Stefanik, Stefanik, ” Danielle Barrow, Sara Spain, Dittmar, ’ ”, Oregon’s Janelle Bynum, Laura Gillen, House Republicans ’, Trump’s, It’s, “ We’ve Organizations: Democratic Rep, NBC News, Republican, Senate, Center for American Women, Rutgers University's Eagleton Institute, Politics, Steel, Trump, Texas Democratic, Democratic, Senate Republican, North Dakota Republican, South Carolina Republican, United Nations, GOP, House Republicans Locations: Alaska, Southern California, Iowa’s, South, West Virginia , Ohio, Montana

☆ SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement
▼ + stars: | 2024-11-21 | by ( Jesse Pound | ) www.nbcnews.com time to read: +2 min

Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald Trump to select a replacement immediately. Gensler took over the SEC in 2021, and under his leadership the commission has taken an ambitious but controversial approach to several regulatory issues, including cryptocurrencies. Trump has not announced his pick to lead the SEC, but the expectation is that the next chair will be friendlier to Wall Street and crypto. SEC commissioners serve five-year terms, so Gensler could have in theory stayed on until at least 2026. Under Gensler, the SEC pushed to require more disclosures from publicly traded companies and financial advisors for investors.

Persons: Gary Gensler, Donald Trump, Gensler, Trump, ” Gensler, Gensler’s Organizations: Securities, Exchange, SEC, cryptocurrencies, Gensler’s SEC

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