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Never before, lobbyists say, has the geographic center of power shifted so dramatically with the arrival of a new administration. By leveraging his access to Trump, Ballard Partners was able to compete with the old white-shoe lobbying firms that have been the industry's dominant players for decades. Corporate clients need lobbyists who appreciate that Trump is "disrupting the status quo in Washington," Sayfie, the Ballard lobbyist, says. Some major companies, lobbyists say, have been caught off guard by the rapid pace of Trump's transition moves. Those who bankroll his staff and travel before he takes office, lobbyists say, stand to build connections and curry favor with the once and future commander in chief.
Persons: Donald Trump, Bill Helmich, Trump, Evan Power, who's, MAGA, Justin Sayfie, we've, Andrew Jackson, Trump's, Brian Ballard, Ballard, Jeffrey Brooks, Adams, Reese, Susie Wiles, Pam Bondi, Alex Brandon, Matt Slocum, Colin Roskey, Dave Wenhold, Miller, There's, Scott Mason, Knight, John Deere, Mason, Dave Levinthal Organizations: White House, Business, Florida GOP, Mar, Trump, Republicans, America, Washington, Ballard Partners, Google, American Airlines, Honda, Reynolds American, Geo Group, American Health Care Association, White, Facebook, Washington D.C Locations: Washington, , Florida, Palm Beach, Doral, Mar, Holland
The crowds gather every evening on a scenic hillside on the outskirts of Beirut. Young men, old couples and local journalists, all drawn by the unobstructed view of the Dahiya, the cluster of neighborhoods south of Beirut that has been pummeled by Israeli airstrikes over the past two months. As dusk settles, people seated on motorcycles and atop cement barriers anxiously wait for the war to unfold in front of them. In peacetime, the area is a picnic spot, where old friends and young lovers smoke fruit-flavored tobacco through water pipes and watch a deep red sun melt into the Mediterranean Sea. These days, the hillside offers a window into the war that has decimated the enclave south of the city in the Dahiya.
Persons: Osama Assaf Locations: Beirut, Young, Israel, Baabda, Lebanon’s
As investors position their portfolios for 2025, wealth managers are advocating for a diversified approach with selective bets on undervalued sectors. CNBC Pro spoke to Ollie Clark, deputy head of research at WH Ireland, and Mark Preskett, senior portfolio manager at Morningstar Wealth, about how investors with roughly $500,000 could look to allocate their portfolio. Clark expects the growth in artificial intelligence to lead to another year of bumper returns. Investors with portfolios already geared toward a traditional 60/40 stock-bond portfolio mix can expect some, if limited, relief in the future, according to Clark. The Morningstar Wealth portfolio manager said investors could gain exposure to such companies through the Franklin FTSE South Korea ETF .
Persons: Ollie Clark, Mark Preskett, Clark, Donald Trump, Morningstar, Preskett, WH Ireland's Clark Organizations: CNBC, WH Ireland, Morningstar Wealth, Clark, Federal Reserve, Trump, South, SK Hynix, Samsung, Franklin FTSE, Metals Mining, HG Locations: U.S, South Korea, Franklin FTSE South Korea
CNN —Despite his campaign promises to leave the issue to the states, President-elect Donald Trump’s administration will shape the national landscape around abortion and reproductive health. And his administration may also be forced to choose whether to pursue other changes, such as how the abortion drug mifepristone is regulated. “Back in April, President Trump made clear that he thinks abortion policy should be left to the states,” Kniffin said. If the Trump administration seeks to undo those and other agency measures, it could make those lawsuits moot. He says he won’t sign a federal bill on abortion,” said one prominent anti-abortion activist, who asked for anonymity to speak candidly.
Persons: Donald Trump’s, Trump, Roe, Wade, Dobbs, wouldn’t, Donald Trump, Joe Biden, Evan Vucci, he’s reneging, , Julia Kaye, Biden, Eric Kniffin, ” Kniffin, , Evelyn Hockstein, Danco, Roger Severino, Greer Donley, ” Donley, Matthew Kacsmaryk —, Dobbs —, , Robert F, Kennedy Jr, Kennedy Organizations: CNN, Jackson, Health Organization, Biden, , Trump’s, Department, White House, DOJ, mifepristone, ACLU, Public Policy Center, GOP, Alamo Women's, Trump Justice Department, Food, Justice, White, Trump, Heritage Foundation, Human Services Department, University, Pittsburgh, Republican, Biden Justice, US Health, Biden Justice Department, Trump DOJ, Circuit, HHS Locations: Dobbs v, reining, Amarillo , Texas, Carbondale , Illinois, Reuters Missouri , Kansas, Idaho, America, Oklahoma, Washington ,
UBS says this AI play is a buy with nearly 20% upside ahead
  + stars: | 2024-11-25 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
In addition to growth in the smartphone market, Arcuri sees the AI megatrend spurring expansion in PCs and data centers for Arm. Arm's data center share should expand even faster, Arcuri said. Specifically, he forecasts that the company's market share in that space will more than triple from less than 5% in 2023 to the mid-teens in 2028. "Arm's three decade track record of R & D productivity shows that the R & D investments it is making today will underlie the next decade's stream of high-margin revenue," Arcuri said. ARM YTD mountain ARM, year-to-date The stock moved about 2% higher in the premarket following the move.
Persons: Timothy Arcuri, Arcuri Organizations: UBS, ARM
AdvertisementTech titan Marc Benioff says we're near the "upper limits" of LLM use in AI advancement. In a podcast, the Salesforce CEO said the future of AI lies in agents that work autonomously. Maybe we'll be there one day," Benioff said, referencing the 1984 film about a cyborg assassin. "I actually think we're hitting the upper limits of the LLMs right now," Benioff said. Salesforce offers prebuilt and customizable AI agents for clients seeking to automate customer service tasks.
Persons: Marc Benioff, Benioff, , Jensen Huang, we'll, Arnold Schwarzenegger, Matthew Broderick, Salesforce Organizations: Bloomberg, Nvidia, Business Locations: LLMs
Anadolu Agency | Anadolu Agency | Getty ImagesAsia-Pacific markets were set to mostly climb Monday, with investors awaiting Korean central bank's rate decision and India' third-quarter GDP numbers this week. Singapore later in the day will release its inflation figures for October. Economists polled by Reuters expect the headline inflation rate of 1.8%, down from the 2% in the previous month. Other economic data this week include October inflation readings from Australia, due Wednesday, and November inflation numbers from Japan's capital city of Tokyo on Friday. Tokyo's inflation figures are widely considered a leading indicator of nationwide trends.
Organizations: Skyline, Anadolu Agency, Getty, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific, India, Singapore, Tokyo, Chicago, Osaka
The Art of Competitive Tablescaping
  + stars: | 2024-11-25 | by ( Tejal Rao | ) www.nytimes.com   time to read: 1 min
I’m sorry, you were expecting the quiet drama of a seasonal floral arrangement? Maybe some muted tablecloths and tapered candles? These are extravagant, excessive and technically precise set pieces that some contestants will spend all year designing and crafting. “People think it’s trivial,” said Ava Tramer, a film and television writer who started competing in 2018. “But I take the idea of getting everything right and respecting the sport very seriously.”
Persons: , Ava Tramer Locations: Angeles County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. should be 'very concerned' with cyber threats from Russia, says Fortalice Solutions CEOTheresa Payton, Fortalice Solutions CEO and former White House chief information officer, joins 'Squawk Box' to discuss the threat of cyberattack from Russia, the idea of using insiders, and much more.
Persons: Theresa Payton Organizations: Fortalice, White House Locations: Russia
The trial lasted just three weeks. In contrast, a landmark antitrust trial last year over Google’s search dominance took 10 weeks. Another antitrust trial over Google’s app store policies, a case brought by Epic Games, ran for a month. The Microsoft antitrust trial in the late 1990s lasted more than eight months. Now Judge Brinkema, 80, is moving the Google ad tech case to its next phase in the federal court where she works, which is known as a “rocket docket.” On Monday, she heard closing statements from the Justice Department and a group of states, which brought the ad technology case, and from Google’s lawyers.
Persons: , Leonie M, “ Let’s, Judge Brinkema, Brinkema Organizations: U.S, of, Epic Games, Microsoft, Google, Justice Department Locations: Virginia, Eastern, of Virginia
AdvertisementRussia could hand China technology that would cut into US undersea dominance, a US admiral said. At a security forum, he said exchanges among Russia, Iran, North Korea, and China have intensified. Adm. Samuel Paparo, the US Navy's top commander in the Indo-Pacific, said that Russia will likely give submarine technology to China that would undercut the US' undersea dominance. According to Paparo, Russia is not only exchanging military capability and technology with China but also with North Korea and Iran. In return, according to Paparo, Russia would likely provide missile and submarine technology to the North Korean state.
Persons: Adm, Samuel Paparo, Paparo, Kurt Campbell, Kim Jong Un, Vladimir Putin Organizations: Halifax Security Forum, US Navy, North Locations: Russia, China, North Korea, Iran, Halifax, People's Republic of China, Taiwan, South China, Philippines, Japan, South Korea, Paparo, Korea, Ukraine, Korean, Russian, Pyongyang, Moscow
1 capped his extraordinary season by helping Italy win the Davis Cup for the second straight year, defeating Tallon Griekspoor 7-6(2), 6-2 to secure a 2-0 win over the Netherlands in the final. Italy is also the first nation to retain the Davis Cup since the Czech Republic in 2013. “We are very happy to be back here holding this trophy – it feels like we are in Italy,” Sinner said, per the BBC. “Of course, it’s in the head a little bit,” Sinner added of the case. Italy is only the third nation in the last 30 years to complete the Davis Cup and Billie Jean Cup – formerly Fed Cup – double, per Opta.
Persons: CNN —, Tallon Griekspoor, Matteo Berrettini, Botic van, Sinner, ” Sinner, Manu Fernandez, , Billie Jean King, Billie Jean, Organizations: CNN, Davis, ATP, Tennis Integrity Agency, Doping Agency, Sport, Billie Jean King Cup, Slovakia Locations: Italy, Netherlands, Málaga, Spain, Czech Republic
The S & P 500's rise to fresh heights in the new year will not be in a straight line, according to RBC Capital Markets. Strategist Lori Calvasina issued a year-end 2025 target for the broad market index of 6,600. The S & P 500 has rallied 3.2% since Donald Trump secured a second presidential term, raising expectations of lower taxes and deregulation. To be sure, Calvasina thinks there will be 5%-10% correction in the near term before equities resume their march to all-time highs. Last week, Goldman Sachs set a 6,500 target for the S & P 500, while BMO issued a forecast for the benchmark index to surge all the way to 6,700 .
Persons: Lori Calvasina, Donald Trump, Calvasina, Goldman Sachs, Bernstein Organizations: RBC Capital Markets, Health, BMO Locations: Friday's, Bitcoin
The brothers, currently incarcerated in California, may appear virtually or in person for the status hearing, scheduled to start at 10:30 a.m. local time. “I believe they have served enough time.”Erik Menendez, left, and Lyle Menendez. The Menendez brothers filed a habeas corpus petition shortly after the docuseries was released, citing Rosselló’s allegations as well as a letter from Erik Menendez to his cousin that they say references the abuse. Los Angeles County District Attorney George Gascon speaks during a news conference to announce a decision in the case of brothers Erik and Lyle Menendez. Mike Blake/ReutersWhat comes nextGascón’s failed reelection bid has cast some uncertainty over the Menendez brothers’ fate.
Persons: Lyle, Erik Menendez, Judge Michael Jesic, , Jose Menendez –, Menendez, Erik, George Gascón, , Gascón, Nathan Hochman, ” Erik Menendez, Lyle Menendez, Jose Menendez, Kitty Menendez, , ” Gascón, “ Menendez, Roy Rosselló, ” Erik, Attorney George Gascon, Mike Blake, Gascón’s, Hochman, ” Hochman, Gavin Newson, Newsom, CNN’s Eric Levenson, Cindy Von Quednow, Dalia Faheid, Taylor Romine Organizations: CNN, Los Angeles District, Los Angeles Superior Court, Prosecutors, California Department of Corrections, RCA Records, Netflix, Attorney, LA District Attorney, Gov Locations: California, Beverly, San Diego, Los Angeles County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig pools of capital are still heavily under-allocated to Bitcoin: Professional Capital's PomplianoAnthony Pompliano, Professional Capital Management founder and CEO, joins 'Squawk Box' to discuss the usage cases for Bitcoin, the fiduciaries trying to reach a certain outcome, and much more.
Persons: Pompliano Anthony Pompliano Organizations: Professional Capital Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemote workers less productive than when in office, says ManpowerGroup CEOJonas Prising, CEO and chairman of ManpowerGroup, discusses the firm's global talent barometer and his outlook for the European labour market.
Persons: Jonas Prising, ManpowerGroup
Gold bar bullions ingot, selective focus, crisis safe haven for investment or reserve for country economics. Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next U.S. Treasury Secretary. Spot gold fell 1.52% to $2,671.29 per ounce as of 0501 GMT, while U.S. gold futures shed 1.5% to $2,672.90. Gold's five-day rally pauses due to some profit-taking and Trump's pick of Scott Bessent as U.S. Treasury Secretary, hinting at tempered use of tariffs and easing U.S.-China trade uncertainty, said IG market strategist Yeap Jun Rong. Less dovish U.S. policy signals and potential inflation surprises could support a December rate hold, slowing rate cut prospects can be seen weighing on gold prices, Rong said.
Persons: Scott Bessent, Yeap Jun Rong, Donald Trump, Rong Organizations: Treasury, Federal, Traders Locations: China, U.S, Israel, Beirut, Tel Aviv
The Israeli military said it had struck several command centers belonging to Hezbollah, the Lebanese militia, south of Beirut on Monday morning. Israeli officials said at least some were intercepted by Israeli missiles. Israeli officials said Hezbollah had fired at least 250 projectiles, a term it often uses for rockets, into Israel on Sunday, including many toward Tel Aviv, with some causing injuries. Analysts have said the intense attacks suggest that both Israel and Hezbollah are trying to maximize their leverage as diplomats conduct what they hope is a final round of cease-fire talks. Amos Hochstein, a top American envoy, traveled to Lebanon and Israel last week to move talks ahead.
Persons: Amos Hochstein, Lloyd J, Austin III, Israel Katz Organizations: Hezbollah, Lebanese, Israeli Locations: Israel, Lebanon, Beirut, Tel Aviv, American
Trade Tracker: Joe Terranova buys more Twilio
  + stars: | 2024-11-25 | 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 EmailTrade Tracker: Joe Terranova buys more TwilioJoe Terranova, Senior Managing Director for Virtus Investment Partners, joins CNBC's "Halftime Report" to explain why he's buying more of this software stock. The Investment Committee discuss chip stocks.
Persons: Joe Terranova Organizations: Virtus Investment Partners
Trade Tracker: Steve Weiss buys more Bitcoin
  + stars: | 2024-11-25 | 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 EmailTrade Tracker: Steve Weiss buys more BitcoinSteve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's buying more Bitcoin. The Investment Committee discuss crypto.
Persons: Steve Weiss Organizations: Short Hills Capital Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJP Morgan: UniCredit's Orcel 'hedging himself a bit' on Banco BPM, Commerzbank bidsKian Abouhossein, head of European bank equity research and global IB coverage at JP Morgan, discusses UniCredit's bid to buy Banco BPM.
Persons: JP Morgan, UniCredit's, Kian Abouhossein Organizations: Banco, JP
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeprin: Wicked' is the fifth biggest weekend this year. Universal and Paramount are happy." Alex Weprin, Media & Business Writer at The Hollywood Reporter, discusses the success of "Wicked" and "Gladiator 2" at the box office. "Wicked" earned over $114 million, making it the fifth biggest weekend of the year, while "Gladiator 2" brought in $55 million.
Persons: Alex Weprin Organizations: Universal, Paramount, Media, Business, Hollywood
This is one of several misconceptions about nuclear energy: America’s nuclear waste is not buried in a mountain or tucked at the bottom of a deep, rocky cavern. That is almost entirely because Americans are by and large opposed to living anywhere near nuclear waste, and suspicious of governments’ or utilities’ attempts to assuage nuclear fears. The byproduct of nuclear energy is still associated with atomic bombs or nuclear meltdowns. On the threshold of America’s nuclear energy renaissance, federal officials are pleading with communities to say yes to storing spent fuel. No state has yet raised its hand to store the country’s nuclear energy waste, despite the lucrative deals it could foment.
Persons: BUCHANAN, Trump, Homer Simpson, , Paul Murray, Murray, Brian Vangor, Julian Quinones, Bill Gates, James Kenney, Nathan J Fish, Matt McClain, Bob Bell, Canada –, Allison McFarlane, , Harry Reid, Bob Riha Jr, ” Murray, , Sergio Flores, Kenney, ” Thoreau, Ezekiel Gonzales, Frank Rusco, Alvin W, Mike Stewart, Greg Piefer, Democratic Sen, Ben Ray Lujan Organizations: New York CNN, US Energy, CNN, New Mexico –, Manhattan Project, New Mexico’s Environment Department, Cruces Sun, Trinity, White, Washington Post, US, US Nuclear Regulatory Commission, Las Vegas, Supreme, Regulatory, Bloomberg, Getty, Taxpayers, Office, Alvin, Shine Technologies, Democratic Locations: New York, York, China, Georgia, Pennsylvania, New Mexico, Lea County , New Mexico, Cruces, New mexico, Finland, Sweden, Canada, Nevada, Las, British, France, Japan, Texas, Midland , Texas, Mexico, Thoreau , New Mexico, , , Waynesboro , Georgia, Ben Ray Lujan of New Mexico
CNN —Where the high hills of the occupied West Bank tumble into the Jordan valley, half a dozen heavy Israeli diggers pound the ancient rocks around the Palestinian village of Bardala. Such evictions are common in the West Bank, according to the United Nations. During a visit to Israel in 2017, the former governor of Arkansas told reporters: “There is no such thing as a West Bank. The eviction notice Israeli officials handed to a Palestinian farmer near the village of Bardala in the occupied West Bank, ordering him to leave his land. The hard reality in Bardala, as elsewhere in the occupied West Bank, is that even before Trump’s approaching inauguration, the Palestinian state had become a distant dream.
Persons: Khalid Sawafta, , Benjamin Netanyahu’s, Donald Trump’s, Mike Huckabee, , Nic Robertson, CNN “, Yishai Fleisher, Huckabee, Mike, ” Fleisher, David Friedman, Friedman, Fleisher, “ David Friedman, He’s, Alon Pinkas –, Shimon Peres, Trump, ” Donald Trump’s, Pinkas, Biden, “ He’s, ” Pinkas, Saudi Crown Prince Mohammed bin Salman, Israel, Mohammad Shtayyeh, it’s, Huckabee who’ll, Shtayyeh, Belazel Smotrich, God’s, Ibrahim Sawafta, Wadi Salman, Ibrahim, they’d, Khalid, Organizations: CNN, Bank, Israel Defense Forces, West Bank, United Nations, Jewish, Gali Tibbon, Getty, Abraham Accords, United Arab, Saudi, Former Palestinian Authority Locations: Jordan, Bardala, Israel, Arkansas, Judea, Samaria, Palestinian, Jerusalem, Israeli, Beit El, Ramallah, Gali, AFP, United Arab Emirates, Bahrain, Morocco, Gaza, Saudi Crown, Saudi Arabia, Wadi
On his "Money for Couples" podcast, self-made millionaire and money expert Ramit Sethi often meets couples with varying levels of income and net worth who feel badly about money. Many of the couples think they just need more money to feel better, but that's often not the case, Sethi tells them. For many people, how you feel about money is uncorrelated to the amount in your bank account. The couple earns a combined $365,000 a year and have a $1.5 million net worth, yet they constantly disagree about financial decisions and can't stop worrying about money. Nathan and Linda know their numbers, maybe even too well.
Persons: Ramit Sethi, that's, Sethi, Nathan, Linda, he's, it's Locations: Linda
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