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AdvertisementNorth Korea appears to have transferred different types of artillery systems to Russia. The development comes as North Korean troops are fighting against Ukraine on behalf of Russia. North Korea appears to have sent its big guns to Russia, furthering its support of Moscow's grinding war against Ukraine, a conflict in which artillery has been a dominant player. AdvertisementImages began to surface on social media last week showing what were identified as North Korean "Koksan" 170mm self-propelled howitzers traveling by rail across Russia. North Korea now shipping artillery systems to Russia — this in addition to shells, men, and missiles it is already sending.
Persons: Kasapoğlu, ZHBemaVVXM, 3lOtCi13TO — Oliver Carroll, Chung Sung, it's, Joe Biden Organizations: Ukraine, Western, Hudson Institute, Korean, Center for Strategic, Studies ' Missile, Artillery Rocket Systems, US Defense Intelligence Agency, DIA, Getty, Artillery, North Korean, Kyiv's, NATO Locations: Korea, Russia, South Korea, North Korea, Ukraine, Korean, Pyongyang, Kyiv, Moscow, Seoul, Kursk
Jim Cramer said Wednesday he's feeling even better about Apple after a new piece of Wall Street research. "This piece makes me feel more confident [about Apple]," Jim said Wednesday. "They are transitioning in a very deft way from making China by far their biggest market to India," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. An Apple logo is displayed on a smartphone with stock market values in the background.
Persons: Jim Cramer, Bernstein, Toni Sacconaghi, , Jim, Donald Trump's, Jim Cramer's Organizations: Apple, JPMorgan, Apple's, F1Q25, UBS, Apple Intelligence, CNBC, Getty Locations: China, India, Philippines, Indonesia
Small-caps, small-cap value, non-US value stocks are expected to outperform with low valuations. Research Affiliates Founder Rob Arnott sees a bear market ahead for large-cap growth stocks. That spells trouble for the S&P 500, which is heavily made up of giant growth stocks like Apple, Microsoft, and Nvidia. Small-cap stocks, small-cap value stocks, and non-US value stocks are all poised to deliver at least 10% returns annually over the next 10 years, he said. Small-cap value stocks (Russell 2000 Value index) are also cheap, with a 14 CAPE ratio.
Persons: Rob Arnott, Arnott, Russell, Vanguard Russell Organizations: Research, Apple, Microsoft, Nvidia, Russell, Equity, Vanguard Locations: Japan, Europe, U.S
Founded in 2023, Prompt Security helps businesses close security gaps associated with AI usage. Later, he focused on building security software at Checkpoint and Orka Security. His latest venture, Prompt Security, is helping companies manage the cybersecurity risks associated with generative AI tools like OpenAI's ChatGPT or Google's Gemini. Related VideoAlmost 30% of companies deploying AI had an AI security breach in 2023, according to a Gartner survey. Golan explains that as employees use generative AI tools like chatbots, new threats emerge with data, intellectual property, and more.
Persons: Itamar Golan, Golan Organizations: Security, Israel Defense Forces, Orka, Business, Jump Capital, Hetz Ventures, Ridge Ventures, Gartner, Fortune, The New York Times, Palo Alto Networks Locations: cybersecurity
AdvertisementNolan Church is a former Google recruiter who says you could be holding yourself back from a promotion. There could be a misalignment in how an employee thinks they're doing and how management thinks they're doing, most likely due to a lack of feedback. These things surface when it comes time for a promotion, but they're hard to fix when you're unaware it's a problem. Ask your manager what you need to work on to move on to the next level. Budget constraints or business challengesIf a business isn't doing well, promotions are most likely not happening or are occurring at a significantly decreased rate.
Persons: Nolan, they're, I've, you've, that's, I'm, doesn't Organizations: Nolan Church, Google Locations: Salt Lake City
A new brick-and-mortar store from the e-commerce startup Outlandish is bringing to life the world of TikTok Shop. In addition to TikTok Shop, Outlandish has experience working with brands to help them sell on Douyin and other social apps. Other TikTok Shop sellers have experimented with adding livestreaming spaces to their storefronts, such as the New York-based pre-owned luxury store What Goes Around Comes Around. Outlandish, which began in 2018 as a social shopping agency in China, is an official TikTok Shop partner. If that does happen, August said Outlandish's Santa Monica sellers could pivot to livestreaming on other platforms.
Persons: Anker, TikTok, Allison Wise, Amanda Perelli, William August, ByteDance, it'll, Outlandish's, Outlandish's Santa Monica Organizations: Goli, QVC, TikTok, US, Congress Locations: Los Angeles, China, Santa Monica's, influencers, Santa Monica, Asia, Los Angeles and New York, Mexico, Spain, America, New York, Santa, Outlandish's Santa, livestreams
Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.
Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China
The pay limit has been in place since the end of a labor dispute that caused the cancellation of the entire 2004-05 NHL season. Sports business experts said the strict salary cap has helped the league's financial health since the full season stoppage. The hard salary cap is a stark difference from Major League Baseball and the National Basketball Association, which have no salary cap and a soft salary cap, respectively. But the hard cap means NHL teams have to be especially diligent. The NHL is planning to start negotiations with the NHLPA in early 2025, NHL Commissioner Gary Bettman said at this year's NHL Board of Governors meeting.
Persons: NHLPA, Rick Burton, Burton, Irwin Kishner, Herrick Feinstein, It's, Jalen Brunson, Gary Bettman Organizations: Florida Panthers, Stanley, Edmonton Oilers, Amerant Bank, National Hockey League, NHL, Toronto Maple Leafs, Columbus Blue Jackets, Official, National Hockey League Players Association, CBA, Syracuse University, Major League Baseball, National Basketball Association, National Football League, firm's Sports Law, Los Angeles Dodgers, Athletic, New York Knicks, ESPN, Governors Locations: Sunrise , Florida, American
AdvertisementTraders see a 45% chance the Fed pauses rate cuts in December, up from 17% last week. The rising odds come as markets digest a win for Trump, whose policies could complicate the Fed's plans. After two consecutive interest rate cuts, markets think the Federal Reserve might be ready to hit pause. AdvertisementThe rising odds come as markets continue to digest a win for Donald Trump, and as Fed officials have sounded cautious on the path of future policy easing in recent remarks. AdvertisementThe rising odds of a pause also come as Fed speakers this week have struck a cautious tone.
Persons: Donald Trump, Joseph Stiglitz, David Kelly, Jerome Powell, he'd, Trump, JPMorgan's Kelly, They're, Kelly, Michelle Bowman, Lisa Cook, Cook, Powell Organizations: Trump, Reserve, JPMorgan, Fed, Federal, University of Virginia Locations: West Palm Beach , Florida, Charlottesville, Dallas
In today’s edition, White House correspondent Mike Memoli files a dispatch from Rio de Janeiro on President Joe Biden's final international summit. Biden fades into the background at his final international summitsBy Mike MemoliRIO DE JANEIRO — President Joe Biden’s final international summits almost certainly would have played out differently had the elections back home gone as he had hoped. But President-elect Donald Trump cast a long shadow over a seemingly humbled Biden as he bid farewell to his counterparts here. Read more → 🥊 Democrats’ next fight: Minnesota Democratic Party Chairman Ken Martin became the second candidate to jump into the race to lead the Democratic National Committee. Read more →Minnesota Democratic Party Chairman Ken Martin became the second candidate to jump into the race to lead the Democratic National Committee.
Persons: Mike Memoli, Joe Biden's, Steve Kornacki, Biden, Joe Biden’s, Donald Trump, , Trump, , Xi Jinping, Justin Trudeau, ” Trudeau, ” Biden, Joe Biden, Hillary Clinton, Clinton, It’s, Barack Obama, Dasha Burns, Dane, Kamala Harris, Steve, , edu, tim e Organizations: NBC, White House, Capitol, White, APEC, Canadian, Trump, , NBC News, Democratic, Republican, Hialeah, voters, Gwinnett, Biden, Trump’s, ics Locations: Rio de Janeiro, JANEIRO, Brazil, Peru, China, Japan, South Korea, America, Lima, Rome, , Maricopa County , Arizona, Maricopa County, Maricopa, Phoenix, Maryvale, Miami, Dade County , Florida, Cuban, Venezuelan, Doral, Aventura, Gwinnett County , Georgia, The Atlanta, Atlanta, Norcross, Kent County , Michigan, Michigan, Trump, Washoe County , Nevada, Washoe County, Clark County, Erie County , Pennsylvania, Erie, Dane County , Wisconsin, Poli
Fresh from a devastating loss to Donald Trump, Vice President Kamala Harris may now head to Capitol Hill to defy him in what could be her last major act in office. As the president of the Senate, Harris wields the constitutional power to provide a tie-breaking vote. “We are going to use the lame duck to confirm judges. GOP senators can slow the process down, but Democrats need a simple majority to overcome any obstruction and confirm judges. The senior administration official declined to discuss whether Biden has talked to Harris or Schumer about lame-duck confirmations.
Persons: Donald Trump, Kamala Harris, Joe Biden, Trump, Harris, , Chuck Schumer, Biden, , , Sen, Elizabeth Warren, Warren, Schumer, ” Schumer, irking Trump, ” Trump, ” Sen, Mazie Hirono, they’re, That’s, “ I’m, “ Hope she’s Organizations: Capitol, House, Senate, D.C, Biden, NBC News, Radical, Republican Senators, Trump, Republicans, Democrats, Appeals, White, Democratic, Dems Locations: Hawaii, California
“We’re expecting this holiday period to be very consistent with that,” he said. Retailers, including Walmart, are contending with a mixed bag of factors this holiday season. The holiday season is also shorter this year and parts of the U.S. have had unseasonably warm weather, two dynamics that could hurt retailers. That would be lower than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Rainey said the holiday period is “off to a pretty good start.”He said items like TVs, Apple AirPods, Beats headphones and even tires have been selling.
Persons: John David Rainey, “ We’re, , “ They’re, Rainey, Walmart’s, Donald Trump’s, it’s, We’ve Organizations: Walmart, CNBC, LSEG, New York Stock Exchange, Sam’s, Walmart U.S, U.S, National Retail Federation, Apple Locations: U.S, China
And now, as Trump continues to fill out the upper echelons of his transition and administration, some key donors appear to be in the fray. Chris Wright, the Liberty Energy CEO tapped to be Trump’s energy secretary, gave the campaign and affiliated committees more than $235,000. Marc Rowan, the billionaire CEO of Apollo Global Management, gave $1 million to Right for America, a pro-Trump super PAC. The super PAC also ran a controversial program that gave away $1 million checks to swing-state voters who signed Musk's petition. (His father, Charles Kushner, who was pardoned by Trump, gave that same amount, plus another $1.2 million to a pro-Trump super PAC).
Persons: megadonors, Donald Trump's, Trump, Linda McMahon, McMahon's, Howard Lutnick, Lutnick, Chris Wright, Scott Bessent, Marc Rowan, Elon Musk, Musk, Ike Perlmutter, Jared Kushner, Trump's, Charles Kushner, Tim Mellon, Miriam Adelson, megadonor Sheldon Adelson Organizations: Trump's Small Business Administration, Trump, Inc, MAGA Inc, Commerce Department, Liberty Energy, NBC, Treasury Department, Apollo Global Management, Street, Treasury, America PAC, PAC, Marvel Entertainment, America, Dallas Mavericks Locations: America
Minnesota Democratic party chair Ken Martin has formally announced his bid to lead the Democratic National Committee, as the party attempts to piece itself together following a stinging defeat against Donald Trump. Martin, a DNC vice chair and leader of the Association of State Democratic Committees, has gained early traction with some delegates according to interviews with several state DNC members. Martin is a big backer of the DNC acting as an umbrella organization that strengthens state parties across the board. “Whoever the next DNC chair is really has to, I believe, have a fierce commitment to making sure that they support the 57-state party strategy itself.”Nebraska Democratic Party chair Jane Kleeb is among those backing Martin, saying in an earlier interview that she was interested in seeking the ASDC chair post that Martin now holds. Wisconsin Democratic Party Chair Ben Wikler is also interested in a run.
Persons: Ken Martin, Donald Trump, that's, Martin, Martin O'Malley, “ That’s, ” Martin, Jane Kleeb, Ben Wikler, “ Ben, Rahm Emanuel —, Barack Obama — Organizations: Minnesota Democratic, Democratic National Committee, DNC, Association of State Democratic Committees, Washington D.C, ” Nebraska Democratic Party, Wisconsin Democratic, NBC Locations: Minnesota, Washington, U.S, Japan, Chicago
Severe weather is set to hit opposite ends of the country this week, with a powerful low pressure system — followed by an atmospheric river — set to bring damaging winds, heavy rain and snow to the Pacific Northwest, while storms and possible flooding are headed for the Gulf Coast. ET update that a "rapidly strengthening and extremely powerful" weather system could bring winds of 70 mph across northern California and parts of Washington and Oregon from Tuesday. Satellite images show a weather system approaching the Pacific Northwest on Tuesday morning. Further south, the eastern and central Gulf Coast is due to receive heavy rain and possible flash floods, with eastern Louisiana to the western Florida Panhandle the area most at risk, the NWS said. Elsewhere, a deep low pressure system will bring moderate to heavy rain across the Plains region, with a marginal risk of severe thunderstorms.
Persons: Flood, Angie Lassman, Organizations: National Weather Service, NOAA, NWS, NBC Locations: Pacific Northwest, Gulf, California, Washington and Oregon, Sacramento Valley, Shasta County, Colusa County, Paso Robles, Redwood Coast, Pacific, Gulf Coast, Louisiana, Florida Panhandle
But planning ahead to take advantage of them is getting harder, and that’s largely thanks to Amazon. NBC News’ Holiday Price Check is tracking the online prices of five gift items, each in a popular product category, to determine when the best deals hit. Already, it’s clear that Amazon is often setting the pace. Target, for example, has narrowed the online price gap with Amazon in key product categories since last year, Profitero found. But for retailers, the race for shoppers’ holiday dollars is increasingly a discounting competition.
Persons: , Trae Bodge, , Profitero, Vivek Pandya, upmanship, Janelle Rasey, “ We’ll, Donald Trump, Jack Kleinhenz, you’re, it’s, It’s, ” Pandya Organizations: Amazon . NBC, Amazon, Walmart, Amazon Prime, Amazon’s, AirPods, NBC News, House, NBC, Retail, National Retail Federation, Locations: Seattle
Vacant federal office space in downtown Washington is costly to maintain and a deep source of frustration to Mayor Muriel Bowser. She told reporters last week that she had requested a meeting with President-elect Donald Trump and that top on her agenda is pushing federal workers to return to downtown Washington. All told, the U.S. has roughly 2.2 million federal workers. With fewer people in the office, the cost of excess federal office space has become a concern. In 2004, a little over 750,000 federal workers were eligible to work from home.
Persons: WASHINGTON, Vivek Ramaswamy, Elon Musk's, Muriel Bowser, Donald Trump, ” Bowser, , Ramaswamy, Tucker Carlson, , ” Ramaswamy, ” Jacqueline Simon, Musk’s, Kamil Krzaczynski, Simon, Joe Biden, George W, Bush Organizations: Management, American Federation of Government Employees, Bureau of Prisons, NBC, Patrol, Office, Republican, Republican National Convention, Getty, Education Department, OMB, Personnel Management Locations: Washington, , U.S, Milwaukee, AFP
WELLINGTON, New Zealand — Tens of thousands of New Zealanders rallied in front of Parliament on Tuesday in one of the country’s largest ever protests to oppose a bill, which opponents say seeks to dilute the rights of Maori and threatens to set race relations back decades. Massive crowds estimated by the police at 42,000 gathered at Parliament, where the Treaty Principles Bill was introduced earlier this month by legislators who want to reinterpret a 184-year-old treaty signed between the British and Indigenous Maori. “I’m here for my grandchildren, my children and for their children,” said Hoana Hadfield from Wellington, who was marching in a protest for the first time. Helmut Modlik, a leader in the Ngati Toa tribe, told the crowd that it was too late to divide the country. We are already one people,” Modlik said to cheers from those gathered on the lawns of Parliament.
Persons: , , Hoana Hadfield, Helmut Modlik, ” Modlik Organizations: New Zealanders, Maori national, Unity Locations: WELLINGTON, New Zealand, New, Wellington, Ngati Toa
AdvertisementSnap's new Spectacles offer AR features like piano lessons and video calls. While the Vision Pro is a heavier corded headset, Meta's smart glasses are more like sunglasses with a camera and an AI assistant. AdvertisementSome features were clunky but impressiveOne of the Spectacles Lenses offered virtual piano lessons. AdvertisementGoogle tried and failed to break open the smart glasses market in the past, but that hasn't stopped CEO Mark Zuckerberg from showing off another pair of smart specs, Orion, at Meta Connect in September. AdvertisementI was impressed by the Spectacles demo, but I'm still waiting for a feature that makes them feel like a must-have.
Persons: Meta's Ray, Jordan Hart, They're, Evan Spiegel, I've, It's, hasn't, Mark Zuckerberg, haven't, Peter Kafka, Orion, they're, I'm Organizations: Apple's Vision, Apple Vision, Google, Meta Connect
AdvertisementI lived abroad for years before returning to the United States for a bit in 2018. I left after two months when struggling with reverse culture shock. I left the United States in September 2015 because I wanted to experience living abroad as an adult. AdvertisementMy mom and sister had been visiting me in Chiang Mai, Thailand, when I ended a long-term relationship with the partner I'd been living with. All of this combined meant I only lasted in the United States for about two months before I returned to Chiang Mai.
Persons: I'd, Chiang, Spencer Platt, John F, Chiang Mai, I've Organizations: Kennedy International Airport, Trump Locations: United States, Chiang Mai, Thailand, Florida, Fort Lauderdale, Spain, Italy, Tallahassee
But even with Trump’s gains among men, women still had greater leverage to decide the election’s outcome. Both the exit polls and VoteCast showed her winning 57% of white women with at least a four-year college degree. Solid majorities of Black, Latina and college-educated White women described Trump in the exit poll as “too extreme,” as did over two-fifths of the White women without a college degree. But among the White women without a college degree who described Trump as “too extreme,” almost 1 in 5 voted for him anyway. Though many women are expressing unease about mass deportation, Trump’s claim that immigrants are driving crime may provide him considerable leeway to pursue his agenda, particularly among the blue-collar White women who proved most receptive to that argument.
Persons: Donald Trump, Kamala Harris, Joe Biden’s, Harris, , Jenifer Fernandez Ancona, Trump, , Biden, Joe Rogan, NORC, VoteCast, Harris’s, John Kerry, George W, Bush, White, Chip Somodevilla, Court’s Dobbs, Voters “, , , pollster Nicole McCleskey, Dobbs, Harris ’, , pollster Christine Matthews, Jackie Payne, ” Payne, Will Lanzoni, Bill Clinton, Robert F, Kennedy Jr, Mifepristone, Matthews, ambivalently, Tresa Undem, , Trump’s, Fernandez Ancona, can’t, Hillary Clinton Organizations: CNN, Trump, Edison Research, AP, Gallup, Democratic, Biden, Santander Arena, Nationwide, Wall, White, Latina, Voters, Republican National Convention, Republican, GOP, Congressional, Republicans, White House, Trump ., Human Services Department, Pew Research Center, Pew, Locations: Michigan , Pennsylvania, Wisconsin, Reading , Pennsylvania, Michigan, Pennsylvania, Nebraska, Milwaukee , Wisconsin, America
AdvertisementCompetition from driverless taxis could reduce Uber and Lyft drivers' earnings in the years to come. Many drivers told BI that the gig has become less profitable recently due to increased competition. As the adoption of driverless taxis spreads across the US, ride-hailing experts told Business Insider that Uber and Lyft drivers could see their earning opportunities slowly deteriorate. Garin said that many ride-hailing drivers work part-time and don't rely on the gig as their primary source of income. A Lyft spokesperson did not respond to BI's question about the impacts driverless taxis could have on ride-hailing drivers.
Persons: Carl Benedikt Frey, Frey, Waymo, Uber, robotaxis, Andrew Garin, Garin, who've, Lyft, Sergio Avedian, Guy, Bernstein, Nicole Moore, Lindsey Cameron, we've, we're Organizations: Oxford Internet Institute, Drivers, Carnegie Mellon University's Heinz, Atlanta, Phoenix, Mobileye, Wharton School, University of Pennsylvania Locations: San Francisco, Phoenix, Las Vegas, Los Angeles, Austin, Aurora, China
Robert F. Kennedy Jr.'s proposed appointment to lead the US Department of Health and Human Services could have big consequences for a booming weight-loss market. AdvertisementHis likely appointment comes at a pivotal moment for the weight-loss industry, as long-lasting shortages of drugs like Ozempic come to an end. When Farmbox launched in 2014 to deliver healthy food boxes and educate consumers about nutrition, "nobody wanted to invest in us," Tyrner-Dolce said. Doug Mills-Pool/Getty ImagesKennedy's crusade against Big Food could run up against Trump's pro-corporation agenda, though. AdvertisementWeight-loss companies could get more attention — at a costKennedy's focus on holistic chronic disease care, including obesity care, could see a renewed funding rush to the space.
Persons: Trump, Robert F, Kennedy Jr, Kennedy, he's, Obama, Ashley Tyrner, Dolce, Farmbox, FarmboxRx, Michelle Obama, SAUL LOEB, Kennedy's, Jeff Nobbs, Nobbs, Doug Mills, Elon Musk, Donald Trump Jr, podcaster Joe Polish, Brooke Boyarsky Pratt, There's, Knownwell Pratt, Pratt, John Stanford Organizations: Human Services, US Department of Health, National Institutes of Health, Food and Drug Administration, Trump, Big Pharma, Senate, Novo Nordisk, Centers, Medicare, Services, Getty, Street, Department of Health, US Department of Agriculture, Shack, Business, Big Food, Trump's, KFC, McDonald's, Fox, FDA, Moderna Locations: Pennsylvania, Washington
But I don't regret my decision to graduate a year early from high school. It was disappointing to think that the moment I always envisioned marking the end of high school would look very different. But that was overshadowed by the promise of not having to return to high school again. I finished high school at the end of July and started college a week after I turned 17. Five years ago, my daughter Skyler decided to graduate from high school early.
Persons: It's, Diana's, nodded, Joy —, Jill, Julie, Joyce, Skyler, , You've Locations: California
Financial stocks are one corner of the market that's set to reap the benefits under a second Trump administration. The bank currently offers a 2.8% dividend yield, and has posted 10.2% dividend growth in the past year. Regions' dividend yield is at 3.8%, and the bank has grown its dividends by 18.9% in the past year. However, consensus price targets suggest a decline just shy of 1% could be in the cards for Regions Financial. Other financial stocks offering solid dividends include investment bank Goldman Sachs and credit card provider Discover Financial Services .
Persons: Trump, Donald Trump, Morgan Stanley, Wells, Mike Mayo, Mayo, Matt O'Connor, Bank of New York Mellon, Robin Vince, Brian Bedell, Goldman Sachs Organizations: Bank, P Bank ETF, Regional Banking, CNBC Pro, Financial, Deutsche Bank, Regions Financial, Bank of New York, Bank of New York Mellon, Discover Financial Services Locations:
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