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☆ What's next for Luigi Mangione: A grand jury, extradition, and a possible psych defense
▼ + stars: | 2024-12-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Former Manhattan prosecutors predict the extradition process could take months. Mangione will remain at that maximum-security jail as he fights extradition — a process that Manhattan defense lawyers and former prosecutors predict will take months. "They won't have full DNA and ballistic results yet," said one longtime defense attorney. AdvertisementA formal extradition hearing, which has not yet been scheduled, will not focus on whether Mangione committed the murder, Bibb said. A potential psych defenseOnce brought back to New York, Mangione would be quickly arraigned.

Persons: Luigi Mangione, Brian Thompson, he'll, Queen Anne, Ron Kuby, Mangione's, Mangione, Thompson, Attorney Alvin Bragg, Luigi Mangione's, Bebeto Matthews, Kathy Hochul, Daniel Bibb, Bibb, Josh Shapiro, Peter Weeks, Thomas Dickey, Dickey, Blair, Kuby, William Kunstler, Frank Strahan —, —, Jessica Tisch, he'd Organizations: Manhattan, Correctional Institution, Trump, Business, Ivy League, State Correctional Institute, Huntington . Commonwealth of Pennsylvania Department of Corrections, Altoona McDonalds, NYPD, Attorney, Associated Press, New York Gov, Morning America Locations: Pennsylvania, New York, Manhattan, Pennsylvania's, Huntington, Allegheny, York, Rikers, Maryland, Huntington . Commonwealth, Pennsylvania's Blair County, Lower Manhattan, York City, Blair, Commonwealth, Mangione's Pennsylvania, Hilton, Midtown Manhattan, Florida, Harlem, Minnesota, Baltimore

☆ Will the world's fastest supercomputer please stand up?
▼ + stars: | 2024-12-11 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

With the breakneck pace of the AI computing infrastructure buildout, it's becoming increasingly difficult to keep track of who has the biggest, fastest, or most powerful supercomputer — especially when multiple companies claim the title at once. Advertisement"We delivered the world's largest and fastest AI supercomputer, scaling up to 65,000 Nvidia H200 GPUs," Oracle CEO Safra Catz and Chairman, CTO, echoed by Founder Larry Ellison on the company's Monday earnings call. In late October, Nvidia proclaimed xAI's Colossus as the "World's Largest AI Supercomputer," after Elon Musk's firm reportedly built a computing cluster with 100,000 Nvidia graphics processing units in a matter of weeks. Until recently the world's most powerful supercomputer was named El Capitan. Power efficiency too, is a hugely important indicator for AI computing since energy is an enormous operational expense in AI.

Persons: it's, Safra Catz, Larry Ellison, Colossus, Elon Musk's, there's, El, Dylan Patel, Patel, xAI, Colette Cress, It's, Ellison Organizations: Oracle, supercomputing, intel, Nvidia, Greater, Greater Memphis Chamber of Commerce, Lawrence Livermore National Laboratory, AMD, Meta, Microsoft Locations: Greater Memphis, El Capitan, California

☆ Takashi Murakami uses AI to help recreate ancient Japanese paintings in latest show
▼ + stars: | 2024-12-11 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

The epic, 13-meter-long artwork is the crown jewel of a new exhibition at the Gagosian. Gagosian“The original painting was super old,” Murakami told CNN at the exhibition opening. Elsewhere in the exhibition, Murakami engages with other key pieces of Japanese art history such as Kano Utsunenobu's "Chinese Lions Screen" from the 16th century. As many of his contemporaries struggle — or refuse — to embrace AI, Murakami’s huge community of workers help him keep pace with changing attitudes to technology. “Maybe it’s very early, but in seven or 10 years time, people could be using AI to make fast drawings.”“For me it’s very curious.

Persons: Iwasa, Byobu ”, Takashi Murakami, Murakami, ” Murakami, “, Amoako Boafo, Joanna Pousette, ”, Byobu, Iwasa Matabei Murakami, ” Iwasa, Kano, Ben Stansall, Ogata Kenzan, Utagawa Kuniyoshi, Tawaraya Sotatsu, Kano Eitoku, Murakami —, Kaikai Kiki, — Organizations: London CNN, Tokyo National Museum, CNN, Getty Locations: London, Edo, Kyoto, Misuji, AFP

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupreme Court rejects Nvidia appeal of investor lawsuit tied to crypto mining: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Gracy Chen of Bitget explains why she believes MicroStrategy's bitcoin buying could pose a risk for the company if the crypto market slides.

Persons: explainers, Gracy Chen, Bitget, MicroStrategy's Organizations: CNBC Crypto, CNBC

☆ Google unveils the next generation of its large language model, Gemini 2.0
▼ + stars: | 2024-12-11 | by ( Deirdre Bosa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle unveils the next generation of its large language model, Gemini 2.0CNBC's Deirdre Bosa reports on the latest news from Google.

Persons: Deirdre Bosa Organizations: Google

The next generation of Google's AI is being packaged under the Gemini umbrella, which was unveiled a year ago. Google is planning wider releases next year that will include the technology popping up in its smorgasbord of free products, including its Chrome browser, digital maps and YouTube. After releasing a software update enabling the first bundle of the iPhone's “Apple Intelligence” features that spruced up the device's Siri assistant, another batch of the AI technology came out with a free software update that was also released Wednesday. After the AI overviews initially produced some goofy suggestions, including putting glue on pizza, Google refined the technology to minimize such missteps. The improvements to AI Overviews will initially only appear to a test audience before a wider release next year.

Persons: Sundar Pichai, ”, OpenAI, Siri, Pichai, ” Pichai Organizations: FRANCISCO, Google, Gemini, Microsoft, Apple, Apple Intelligence, U.S . Justice Department, Astra, U.S . Department of Justice, Washington D.C, Associated Press Locations: , California, Washington

☆ 29 House Republicans want Trump to scrap the IRS's free direct tax filing tool on day one of his presidency
▼ + stars: | 2024-12-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

The IRS has gradually rolled out a program to allow Americans to directly file taxes with the IRS. A group of Republicans want Trump to end it, saying it's government overreach. More than two dozen House Republicans are asking President-elect Donald Trump to terminate the Internal Revenue Service's (IRS) free direct tax filing system as soon as day one of his presidency. The new program is designed to compete with those programs and make filing easier and less costly for Americans. They also cast the free direct-file program as an example of the "weaponization of government against Americans," a long-standing focus of Trump and MAGA-aligned right.

Persons: It's, Trump, Donald Trump, Adrian Smith of Nebraska, Chuck Edwards of, Elon Musk, Vivek Ramaswamy, DOGE, Smith, Edwards, Vance Organizations: IRS, Republicans, Trump, MAGA Locations: Chuck Edwards of North Carolina

☆ Macy's ends delivery expense investigation, saying employee hid $151 million
▼ + stars: | 2024-12-11 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

On Wednesday, Macy's also slightly raised its full-year forecast, while still projecting a sales decline. That metric includes merchandise that Macy's owns, items from brands that pay for space within its stores and Macy's third-party online marketplace. It also reported a comparable sales decline of 1.3% across its owned and licensed businesses, plus its online marketplace. In the most recent quarter, comparable sales for the segment fell 2.2% on an owned and licensed basis and including its third-party marketplace. And Bluemercury comparable sales increased 3.3%, marking the 15th consecutive quarter of comparable sales growth for the beauty brand.

Persons: Macy's, Tony Spring, it's, Barington Organizations: LSEG, Revenue

☆ ‘Conan the Bacterium’ is extremely radiation-resistant for a surprising reason
▼ + stars: | 2024-12-11 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

For the previous study, the team measured the amount of manganese antioxidants in the cells of the bacteria. The researchers found that the amount of radiation that a microorganism could survive was directly related to its amount of manganese antioxidants. So the more manganese antioxidants present, the more resistance to radiation. This antioxidant has been used in radiation-inactivated polyvalent vaccines, which rely on radiation to shut down pathogens like chlamydia. The study team analyzed how MDP’s active components, including manganese, phosphate and a peptide called DP1, protect cells and proteins from radiation exposure.

Persons: “, ”, Brian Hoffman, Charles E, Emma H, Morrison, Hoffman, Michaely Daly, Daly, Deinococcus radiodurans, radiodurans, ” Hoffman, Tetyana Milojevic, Tetyana, ” Daly Organizations: CNN, National Academy of Sciences, biosciences, Northwestern University’s Weinberg College of Arts and Sciences, World Records, International Space Station, Uniformed Services University of, Health Sciences, National Academies ’, Planetary, University of Orléans, MDP Locations: Mars, France

☆ CEO of logistics giant C.H. Robinson says the business can weather Trump tariffs
▼ + stars: | 2024-12-11 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

As Dave Bozeman takes the stage at his first investor day as CEO of C.H. Robinson , he'll have to contend with a freight recession, the threat of higher tariffs and the turnaround of a century-old logistics giant. Trump has said he'll impose 60% tariffs on goods from China and 25% tariffs on goods from Mexico and Canada. Either way we're still going to move that freight," Bozeman said. "But I do think that their business is diversified enough that they can work through tariffs."

Persons: Dave Bozeman, Robinson, he'll, Bozeman, Donald Trump's, Trump, Ari Rosa, Rosa Organizations: CNBC, U.S, China -, Citi Locations: China, Mexico, Canada, China - U.S, C.H, Bozeman

☆ Buy Alphabet as new quantum chip leads to innovation, increases Google's 'tech moat,' Bank of America says
▼ + stars: | 2024-12-11 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Alphabet 's new Willow quantum chip is a major computing milestone that underscores the company's power in innovation, according to Bank of America. Analyst Justin Post reiterated his buy rating and $210 price target on shares in a Tuesday note. According to the analyst, Alphabet has a "long history of innovation [and is] underappreciated in valuation." The Willow quantum chip is also able to compute at much faster rates than existing technology, the company said. However, "over the long term, quantum innovation has the potential to create a significant tech moat for Alphabet," Post said.

Persons: Justin Post, — CNBC's Michael Bloom Organizations: Bank of America, Google

In handwritten notes from 2019 reviewed by Business Insider, Mangione wrote that he had spondylolisthesis — severe slippage of parts of the spine due to joint deterioration. The scion of a prominent Baltimore family, Mangione was educated at elite schools. "When you think of the Mangione family, you think of an esteemed family that has done a lot for the community," Maronick said on a phone call. Related storiesMangione was "very into sports" and "very social," a high-school classmate told BI. In recent months, one of Mangione's cousins began reaching out to Mangione's friends to ask whether anyone had heard from him, his high-school classmate told BI.

Persons: Luigi Mangione, didn't, Brian Thompson, he's, UnitedHealthcare —, Thompson —, Mangione, he'd, Thompson, Nick Mangione, Thomas J, Maronick Jr, Maronick, Luigi Mangione's, Lyme, R.J, Martin, Surfbreak, Ted Kaczynski's, Kaczynski, He'd, I've, Robert F, Kennedy Jr, hadn't, Mangione hadn't, texted Mangione, Mangione's, Thomas Dickey, Dickey, Ana Altchek, Laura Italiano, Natalie Musumeci Organizations: Affordable, Business, University of Pennsylvania, Mangione, BI, Baltimore Banner, Gilman, AppRoar Studios, Eta Kappa Nu, Stanford, Honolulu Civil, Harvard, Civil, The New York Times, Democratic, Republican, San Francisco, UnitedHealth Group, Police, Pennsylvania Locations: American, Manhattan, Baltimore, Towson , Maryland, Maryland, Instagram, Hawaii, Surfbreak, TrueCar, Asia, Japan, San Francisco, Altoona, America, New York, Mangione

☆ Former top Biden aide slams Hunter Biden pardon rollout strategy
▼ + stars: | 2024-12-11 | by ( Samantha Waldenberg | Betsy Klein | ) edition.cnn.com time to read: +3 min

Washington CNN —One of President Joe Biden’s former top communications advisers ravaged the president’s messaging rollout strategy around his decision to pardon his son, Hunter Biden, lambasting the situation as “exceptionally poor timing” in a major public rebuke of her former boss. Dunn was a deeply loyal aide with a big-picture view of Biden’s strategy – with a hand in nearly all aspects of his political life. The president has said he made the decision over the Thanksgiving holiday weekend while with family in Nantucket. A new CNN/SSRS poll released on Wednesday shows that just one-third of Americans (32%) approve of the president’s decision to pardon his son, while 68% disapprove. The White House has defended Biden’s decision, with press secretary Karine Jean-Pierre arguing that President-elect Donald Trump would not slow down in pursuit of bringing charges against Hunter Biden in the future.

Persons: Joe Biden’s, Hunter Biden, “, Kash Patel, ’, Anita Dunn, Maggie Haberman, Dunn, Biden, Kamala Harris, ” Dunn, Hunter Biden’s, ”, Karine Jean, Pierre, Donald Trump, ” Jean Organizations: Washington CNN, CNN, New York Times, Biden, White Locations: Nantucket

☆ I tried 13 of Trader Joe's holiday meal items, and I'd buy 7 of them again
▼ + stars: | 2024-12-11 | by ( Ted Berg | ) www.businessinsider.com time to read: 1 min

I tried 13 of Trader Joe's holiday meal items to see which ingredients and appetizers were the best. I don't think I'd buy Trader Joe's artichoke bread pudding or Portuguese bacalhau tartelettes again. I was a big fan of Trader Joe's family-style meat lasagna and eggplant parmigiana sfogliatelle. AdvertisementWhen it comes to seasonal meal items at Trader Joe's, it can be difficult to figure out what to get to entertain family and friends for the holidays. So, I tried 13 of Trader Joe's holiday food items to see which were the best and what I wouldn't get next time.

Persons: tartelettes

☆ A Santa Claus rally may soon be coming to town — why it happens and what it means for investors like us
▼ + stars: | 2024-12-11 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

At the end of the year, we start hearing about the Santa Claus rally and tax-loss harvesting. The so-called Santa Claus rally refers to a seasonal pattern that takes place in the final five trading days of the year and the first two of the new year. This time around, the Santa Claus window covers Dec. 24 and then Dec. 26-31, followed by Jan. 2-3. However, if we think about what happens before and after the Santa Claus rally, we can gain some understanding of why it might occur. Here we see another reason as to why tax harvesting may be better done toward the beginning of December — the wash rule.

Persons: Jim Cramer, Santa Claus, Jan, it's, —, Club —, Jim Cramer's, Jim, Brendan Mcdermid Organizations: Santa, Club, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Santa, Santa Claus, New York City, U.S

☆ Tom Lee who nailed 2024’s rally is out with his 2025 outlook. What he sees next
▼ + stars: | 2024-12-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The stock market rally still has room to run, but 2025 will not be as rewarding to investors as the prior two years, according to Fundstrat's Tom Lee. Lee projects the S & P 500 rallying about 16% rally from here to 7,000 by the middle of 2025. .SPX YTD mountain The S & P 500 has gained more than 26% this year, breaking above the 6,000 level. The S & P 500 is up more than 26% in 2024, its second-straight year with a gain of more than 20%. Fundstrat and Lee gained prominence in 2020, when he correctly called for a rebound rally after the pandemic-related sell-off early that year.

Persons: Tom Lee, Lee, Trump, Bitcoin, Fundstrat Organizations: Federal Reserve, JPMorgan

☆ Today's rally was celebration of pro-corporate regulator, says Jim Cramer
▼ + stars: | 2024-12-11 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToday's rally was celebration of pro-corporate regulator, says Jim Cramer'Mad Money' host Jim Cramer looks at Big Tech's record day and talks what is behind the move higher.

Persons: Jim Cramer

☆ Bankruptcy judge rules against The Onion's acquisition of Infowars
▼ + stars: | 2024-12-11 | by ( Geoff Weiss | Meghan Morris | ) www.businessinsider.com time to read: +4 min

A bankruptcy judge ruled that The Onion cannot buy Alex Jones' Infowars. The judge said the auction was flawed and may have "left a lot of money on the table." A Texas bankruptcy judge ruled that The Onion's bid for Alex Jones's Infowars cannot go forward. Leila Brillson, The Onion's chief marketing officer, said in a statement after the ruling that the company will continue trying to buy Infowars. The Onion CEO Ben Collins previously said he intended to turn Infowars into an "alt-media" parody hub.

Persons: Alex Jones, Alex Jones's Infowars, Christopher Lopez, weren't, Lopez, —, Jones, Sandy, Sandy Hook, Christopher Murray, Murray, I'm, Leila Brillson, Brillson, Chris Mattei, Mattei, Elon Musk's X, Ben Collins Organizations: Southern, Southern District of, American United Companies —, Infowars, American United Companies, Reuters, Sandy Hook Elementary School, X, Bloomberg Locations: Texas, Southern District, Southern District of Texas, Sandy Hook , Connecticut, Connecticut

☆ Democratic governors quietly prep extensive plans to counter Trump
▼ + stars: | 2024-12-11 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +13 min

Since long before the election, they’ve been poring through Project 2025 — it’s helpful, several Democratic governors told CNN, to have a blueprint in public. Laura Kelly, the chair of the Democratic Governors Association. Plans for Trump underway for monthsMany Democratic governors had been working on plans well before even President Joe Biden dropped out of the presidential race and Vice President Kamala Harris became their party nominee. They’re coming to this weathered with the experience from the first Trump term. Michigan Gov.

Persons: Donald Trump’s, they’ve, They’ve, ”, Laura Kelly, JB Pritzker, postelection, Jared Polis, Pritzker, Joe Biden, Kamala Harris, they’re, Trump, Emmanuel Macron’s, hasn’t, Gretchen Whitmer, Mike Pence, weren’t, Rebecca Wright, Whitmer, Donald Trump, ” Whitmer, I’ve, we’ll, Tim Walz, Harris ’, “, Kathy Hochul, ” Hochul, Matt Meyer, Beverly Hilton, Richard Nixon, Nixon, ” — Walz, he’d, Martin O’Malley, Austin Steele, Gavin Newsom, Andy Beshear, Josh Shapiro, Wes Moore, Jay Inslee, Trump’s, —, Lindsey Wasson, Inslee, Bob Ferguson, ’, ” Inslee Organizations: Los Angeles CNN —, Democratic, CNN, Trump, White House, National Guard, showdowns, Kansas Gov, Democratic Governors Association, Illinois Gov, Colorado Gov, Senate, White, Notre Dame, Mar, Michigan Gov, Convention, United Center, Michigan, Biden, Gov, Penn, New Yorker, Delaware Gov, Beverly, Golden Globes, Former Maryland Gov, Democratic National Committee, Minnesota Gov, Howard University, Kentucky Gov, Maryland Gov, Democratic Party, Washington Gov Locations: Kansas, Indiana, Illinois, Covid, Michigan, Chicago, Los Angeles, —, Minnesota, York, New, Delaware, Washington ,, California, Polis , Pennsylvania, Seattle, Washington, Pearl

☆ Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
▼ + stars: | 2024-12-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jens Schlueter | Afp | Getty ImagesA perfect storm of challenges for the European automobile industry shows no sign of letting up, analysts say. It is against this backdrop, analysts say, that the industry will be bracing for a bumpy ride next year. What next for Europe's car giants? We expect more noise of potential policy implications in the US, further restructuring announcements in Europe, muted demand ex China and pricing to soften," they added. It was hoped at the time that the new models could represent a turning point for the region's auto industry.

Persons: Jens Schlueter, Julia Poliscanova, Poliscanova, Environment's Poliscanova, France's, I'm, Rico, Rico Luman, Luman Organizations: Volkswagen, VW, Works, Afp, Getty, Transport, Environment, CNBC, European Automobile Manufacturers ' Association, BMW, Ferrari, Renault, Volvo, EU, European, Mercedes, Stellantis, France's Renault, ING Milan, Deutsche Bank, Rico, ING, Europe's, Paris Locations: Zwickau, Germany, China, Europe, Rico Luman, Munich, U.S, Shenyang, China's, Liaoning

☆ Saudi Arabia 2034 World Cup explained: Why FIFA’s awarding of the competition is controversial
▼ + stars: | 2024-12-11 | by ( Jacob Whitehead | ) www.nytimes.com time to read: +31 min

In 10 years — give or take six months — the 2034 men’s World Cup will be played in Saudi Arabia. “Fundamental human-rights reforms are urgently required in Saudi Arabia, or the 2034 World Cup will be inevitably tarnished by exploitation, discrimination and repression.”Why will the Saudi bid stand unopposed? Instead, they will target the 2026 Women’s Asian Cup and the Club World Cup three years later. Sport has become one of Vision 2030’s pillars — and the 2034 World Cup will be its crowning glory. “We cannot say that Saudi Arabia is a ‘medium risk’ country, given that it has become a pure police state,” said Lina, ahead of Saudi Arabia being confirmed as host.

Persons: Jamal Khashoggi, Saudi’s, Norberto Duarte, ”, Steve Cockburn, “, James Johnson, Karim Jafaar, Yasser Al Misehal, —, ely, lavery, xploitation, anuary, ake, ina, ure, l ives, orth, e mbassy, ennis, amal, ommitments, ortugal,, ational, INGO, eason, cale, hough, ingle, ince, ulf, ravel Organizations: Australia, FIFA, Saudi, AFP, Getty, Amnesty, CONCACAF, Central America, Europe’s UEFA, Africa’s CAF, South America’s CONMEBOL, AFC, OFC, Pacific, New, Football Australia, —, Publicly, Saudi Arabian Football Federation, IFA, ust, audi, ashington Locations: Saudi Arabia, Gulf, Qatar, Europe, Caribbean, United States, Canada, Mexico, Spain, Portugal, Morocco, Argentina, Paraguay, Uruguay, South, Oceania, Zealand, Australia, Asian, New Zealand, AFP, Saudi, uman, oman, ely

CNN —Russian forces are now just three kilometers (1.9 miles) from the outskirts of the key eastern Ukrainian city of Pokrovsk after making advances Wednesday, according to Ukrainian mapping service DeepState. They have also destroyed or captured Ukrainian positions near the city, a Ukrainian army spokesperson said. Ukrainian military bloggers have reported that the village has fallen to the Russians, a claim that has not been confirmed by Ukrainian or Russian officials. Data from DeepState, a Ukrainian monitoring group and mapping service, showed Russian soldiers just three kilometers from the southern outskirts of Pokrovsk Wednesday. Russian President Vladimir Putin has made it clear that his goal is to seize the eastern Ukrainian regions of Donetsk and Luhansk.

Persons: Nazar Voloshyn, Voloshyn, ” Donetskoblgaz, Roman Pilipey, Pokrovsk, Vladimir Putin, Volodymyr Zelensky, ”, Donald Trump, Antony Blinken, Biden, CNN’s Ivana Kottasová, Jennifer Hansler, Haley Britzky Organizations: CNN, Getty Locations: Ukrainian, Pokrovsk, Vidrodzennia, Novotroitske, Shevchenkove, Kharkiv, Donetsk, Ukraine, AFP, Russia, Ukraine’s Donetsk, Dnipropetrovsk, Moscow, Russian, Luhansk, United States

☆ America is doing retirement all wrong
▼ + stars: | 2024-12-11 | by ( Hannah Seo | ) www.businessinsider.com time to read: +13 min

When we think of retirement, we often think of endless leisure and zero responsibility. Americans are doing retirement all wrong. Anqi Chen, a senior research economist at the Center for Retirement Research at Boston College, says people are addressing both by simply working longer. But returning to your old line of work is hardly the only way to stay emotionally and intellectually fulfilled in retirement. A lot of people have drawn their sense of purpose or identity from work, and they might want to continue doing so through jobs or volunteering in retirement, she says.

Persons: Russ Schmidt, Schmidt, that's, Otto von Bismarck, We're, Anqi Chen, they're, it's, Cascio, hasn't, Dee Cascio, they'd, would've, Eric Kim, Paul Draper, he's, Draper, —, Draper isn't, haven't, I've, Kim, Yochai Shavit, Shavit, They're, Hannah Seo Organizations: Netflix, Social Security, Center for Retirement Research, Boston College, Social, Mass Mutual, Research, Health, University of Michigan, University of British, Stanford Center Locations: Kansas, San Francisco, Sterling , Virginia, University of British Columbia, Korean, Canadian, Brooklyn , New York

☆ Some ships are adding thousands of miles to journeys to avoid the threat of Houthi attacks off Yemen
▼ + stars: | 2024-12-11 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +2 min

Container ships are avoiding the threat of Houthi attacks in the Red Sea, The New York Times reported. Some cargo ships are extending their journeys by up to 10 days and thousands of miles to avoid Houthi attacks in the Red Sea, The New York Times reported on Wednesday. AdvertisementMore than a year ago, Houthi rebels based in Yemen began targeting ships and vessels in the Red Sea, which they said was in response to Israel's escalations in Gaza. A report by the Defense Intelligence Agency said that at least 65 countries' trade interests had been affected by Houthi attacks on commercial shipping as of April. The US and EU have sent warships to the Red Sea and Gulf of Aden to prevent Houthi attacks, but the move has had little impact.

Persons: Israel's, Salvatore Mercogliano, Portwatch Organizations: The New York Times, Defense Intelligence Agency, EU, IMF, Oxford University, Inverto Locations: Red, The, Africa, Yemen, Gaza, Israel, Red Sea, Gaza Maritime, Africa's, Gulf, Aden

☆ Oil prices edge up on demand hopes from China's 'looser' monetary policy
▼ + stars: | 2024-12-11 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth. China said on Monday it would adopt "appropriately loose" monetary policy in 2025 as Beijing tries to spur its economy with the first easing of its stance in 14 years. In the U.S., crude oil and fuel stocks rose last week, market sources said on Tuesday, citing American Petroleum Institute figures on Tuesday. Gasoline inventories rose by 2.85 million barrels, and distillate stocks rose by 2.45 million barrels, they said. Official data on oil stocks from the U.S. Energy Information Administration is due on Wednesday at 10:30 a.m.

Persons: Mukesh Sahdev Organizations: Beijing, Brent, U.S, West Texas, Trump, Rystad Energy, American Petroleum Institute, U.S . Energy, Administration, Reuters Locations: Seminole , TX, U.S, China, Beijing

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