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☆ Uruguay’s once-dull election has become a dead heat in the presidential runoff
▼ + stars: | 2024-11-24 | by ( Associated Press | ) edition.cnn.com time to read: +6 min

Orsi’s Broad Front took 44% of the vote while Delgado’s National Party won 27% in the first round of voting Oct. 27. Most polls have shown a virtual tie between Delgado and Orsi, with nearly 10% of Uruguayan voters undecided even at this late stage. Uruguay's presidential candidate for the Republican Coalition, Alvaro Delgado, waves to supporters outside a polling station after voting during the presidential runoff election in Montevideo on November 24. Delgado served most recently as Secretary of the Presidency for Lacalle Pou and promises to pursue his predecessor’s pro-business policies. Uruguay's presidential candidate for the Frente Amplio party, Yamandu Orsi, greets supporters after voting during the presidential runoff election in Canelones, Uruguay, on November 24.

Persons: — Uruguayans, Álvaro Delgado, Luis Lacalle Pou, Colorado Party –, Delgado, Kamala, ”, Nicolás Saldías, Alvaro Delgado, Dante Fernandez, Orsi, Lacalle Pou –, Lacalle, –, Lacalle Pou, Yamandu Orsi, Eitan Abramovich, José “ Pepe ” Mujica, “, ” Delgado, Uruguayans Organizations: Delgado’s National Party, –, Colorado Party, Congress, Frente, Trump, Intelligence Unit, ”, Republican Coalition, AFP, Getty, National Party, International Monetary Fund, Marxist Locations: MONTEVIDEO, Uruguay, American, America, Caribbean, London, Montevideo, China, Mercosur, South, Canelones, Latin America, ”, Beijing, Pocitos

☆ 6 things we’re watching in the stock market in the holiday-shortened trading week ahead
▼ + stars: | 2024-11-24 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While the magnitude of the guidance beat was perhaps not enough to satiate the most demanding of bulls, the stock was flat on the week. Our other cybersecurity stock, CrowdStrike , is one of the main events of this holiday-shortened week on Wall Street. We added to our CrowdStrike exposure last week after the stock came under pressure due to increased geopolitical tensions . ET: Pending Home Sales Thursday, Nov. 28 Stock market closed for Thanksgiving holiday Friday, Nov. 29 Stock market closes early at 1 p.m. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump's, HomeGoods, Tuesday's, Trump, We'll, LSEG, CrowdStrike, Dow Jones, —, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Dow Jones, Nasdaq, Dow, Companies, Palo Alto Networks, Federal, Home, Palo, Body, Fluence Energy, Agilent Tech, Abercrombie, Fitch, DICK'S Sporting, Dell Technologies, Autodesk, HP, Urban Outfitters, Nordstrom, Jim Cramer's Charitable, CNBC, The New York Stock Exchange, NYSE Locations: Maxx, U.S, Burlington

☆ Fund managers at Fidelity share how they’re playing China’s stimulus plans
▼ + stars: | 2024-11-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For two fund managers at Fidelity International, Beijing's latest stimulus announcements were significant enough for them to buy more beaten-down real estate stocks. "We have been moderately increasing our position in China," Zhou said. Zhou and Ben Li are co-managers of Fidelity's Greater China Fund . One of the top 10 holdings of Fidelity's Greater China Fund is Chinese online booking platform Trip.com . Earnings comments in the last two weeks from major Chinese companies have underscored how it will take time to see the impact of stimulus .

Persons: Theresa Zhou, Zhou, Ben Li, Li, Daniel Zipser's, Zipser, Nomura, Donald Trump's Organizations: Fidelity International, CNBC, China Fund, McKinsey, TCL, Fidelity Locations: China, BOE, Shenzhen

☆ Rich Americans Are Buying up Old French Chateaus, Mansions
▼ + stars: | 2024-11-24 | by ( Astrid Landon | ) www.businessinsider.com time to read: +11 min

All across France, there's a glut of châteaus for sale. Plans require approval by the French minister of culture, and work must be done by designated specialists. "I decided not buying a château in France was going to be more detrimental to my health than buying one." For many French sellers, what strikes Americans as romantic has come to feel like a curse. "I live in a château," Engel reminds himself when he's feeling overwhelmed.

Persons: Mark Goff, Phillip Engel, Goff, Château Avensac, Astrid Landon, they've, Engel, Adrian Leeds, who's, Gonzague Le, Le Nail, it's, Michel Tarrible, Engel's, Abigail Carter, Carter, —, — Carter, Château de, Williams, d'Aubigny, château, he's, It's, Henrys d'Aubigny, l'Espinay, Borie, They've Organizations: YouTube, World Trade Center Locations: France, California, Gers, France —, Versailles, American, Paris, Avensac, Sonoma County, San Francisco, Canada, London , Massachusetts, New Jersey, Seattle, Agen, Brittany, Ohio, Château

☆ Trump picks Brooke Rollins to be agriculture secretary
▼ + stars: | 2024-11-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

President-elect Donald Trump has chosen Brooke Rollins, president of the America First Policy Institute, to be agriculture secretary. “As our next Secretary of Agriculture, Brooke will spearhead the effort to protect American Farmers, who are truly the backbone of our Country,” Trump said in a statement. Department of Agriculture officials and staff negotiate trade deals, guide dietary recommendations, inspect meat, fight wildfires and support rural broadband, among other activities. The America First Policy Institute is a right-leaning think tank whose personnel have worked closely with Trump’s campaign to help shape policy for his incoming administration. Trump has said he again plans to institute sweeping tariffs that are likely to affect the farm sector.

Persons: Donald Trump, Brooke Rollins, Brooke, ” Trump, Rollins, “, Trump, Kelly Loeffler Organizations: America, Policy Institute, Agriculture, American Farmers, Senate, Department of Agriculture, American Farmer, American Food, CNN Locations: Trump’s, U.S, Mexico, Canada

☆ The cult of the ‘Spoons’: Inside the spartan, cavernous pubs that divide Britain
▼ + stars: | 2024-11-23 | by ( Will Noble | ) edition.cnn.com time to read: +15 min

Wetherspoon pubs are an institution in the UK. More than 800 Wetherspoon chain pubs freckle the country — from The Muckle Cross in Scotland to The Tremenheere in Cornwall. The Moon Under WaterA Wetherspoon pub (now closed) featuring the face of chain founder Tim Martin on its sign. Recalling a well-meaning yet beleaguered teacher from his childhood, Martin renamed the pub “Wetherspoon.” (The “J D” was a nod to J.D. “The thing about Wetherspoons pubs which differentiates them from many is that they have a very wide cross-section of customers.

Persons: London CNN — Utter, ”, George Orwell, ” Orwell, Orwell, Francophile foodies, Oxford marmalade, Biscuits, boozer, cobbling, Tim Martin, Alex Davidson, Wetherspoons don’t, Alexander Graham Bell, Sir John Borlase Warren, Tim Martin’s, Martin —, New Zealand —, “, serendipitously, Martin, Boss ” Hogg, “ The Dukes, Hazzard, George Orwell’s, ” Martin, Mortimer, ‘ ahh, I’ve, George Orwell ’, Stout, Waters, Gareth Fuller, questing, Angus, you’re, Maureen McLean, “ Mate, Wetherspoons ”, ‘, ’ ”, Thomas Frost, Orwell’s, drunks, ” Tim Martin, benedict, tipple —, Ale, Whatever’s, it’s, Boris Johnson, Henry Nicholls, Nigel Farage Organizations: CNN, London CNN, “, Oxford, Stroud, Crosse, Royal Victoria, rowdies, London's, Airport, PAL, YouTube, European Union, Getty Locations: London, Britain, Scotland, Cornwall, “, Yorkshire, England, Swansea, Edinburgh, Nottingham, Muswell Hill, North London, Norwich, New Zealand, Stroud Green, Watford, Ramsgate, City of London, Kent, Scottish, ”, Wetherspoons, Liverpool, Gatwick, South London, AFP, British, Clacton, Poland, Ireland, America

☆ Travel news: Italy’s working visas are hard to get but some Americans manage it
▼ + stars: | 2024-11-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Villages and visasThe Italian village offering $1 homes to Americans upset by the US election result was one of our top stories on CNN Travel this week. Despite all the houses going on offer, working visas to Italy are still very limited. Over in the world of dairy, this year’s World Cheese Awards saw 4,786 cheeses from 47 countries assembled in the Portuguese city of Viseu to face judges’ scrutiny. The US agency might even have to slow air traffic down because of air traffic controller shortages, particularly in the Northeast.

Persons: Zeneba Bowers, Matt Walker, Chelsea Waite, ”, they’re, CNN Kim Morgan, Tom Latkovic, Lyme, Vang, tarantulas Organizations: CNN, FAA, CNN Travel, Federal Aviation Administration, Northeast . American Airlines, Spirit Airlines Locations: Italy, Sicily, Sardinian, Ollolai, Tennessee, Rome, California, Ham, Parma, Portuguese, Viseu, Kashmir, India, France, United States, Northeast, Europe, Laos, Vang Vieng, Britain

☆ Trump's pick for Treasury secretary shows there's a limit to Elon Musk's influence
▼ + stars: | 2024-11-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. Trump tapped hedge fund manager Scott Bessent, the founder and chief executive of Key Square Group, to be his next Treasury secretary on Friday. Bessent, a Wall Street veteran and a top economic advisor to Trump, emerged as a favorite of the president-elect while on the campaign trail this year. The Wall Street Journal reported that Trump sought advice from Wall Street leaders for the Treasury spot, and his advisors told him that analysts would view Bessent as a stabilizing figure.

Persons: Elon, Donald Trump's, Musk, Howard Lutnick, Trump, Scott Bessent, Donald Trump, Elon Musk, Vivek Ramaswamy, Bessent, Cantor Fitzgerald, — Organizations: Mar, UFC, of Government Efficiency, Trump, Key Square, Wall Street, Senate, Street Journal, Treasury, Business Locations: Lago, Florida, New York, Trump's, United States

☆ Fox hosts, cable news regulars and entertainment pros: Trump is casting a made-for-TV Cabinet
▼ + stars: | 2024-11-23 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +9 min

He has plucked two Fox News stars from their airwaves – Sean Duffy for Treasury secretary and Pete Hegseth to lead the Pentagon. Trump’s choice for ambassador to Israel, Mike Huckabee, had a six-year run hosting a Fox News show. As a former reality TV star, Trump is deeply attuned to the power of the small screen. Among the flurry of names for non-Cabinet roles that Trump announced Friday evening were also several former and current Fox News contributors. And Sebastian Gorka, whom Trump named senior director of counterterrorism, was a Fox contributor in 2018 and 2019.

Persons: Donald Trump’s, Sean Duffy, Pete Hegseth, Trump, Mehmet Oz, Linda McMahon, Mike Huckabee, Tulsi Gabbard, Tucker Carlson, Donald Trump, Eva Marie Uzcategui, Duffy, Rachel Campos, ”, “, Oz, Mike Waltz, Kristi Noem, Sen, Marco Rubio, Howard Luntick, Rebecca Quick, I’ve, Doug Burgum, Tom Homan, Homan, ” Trump, Matt Gaetz, Gaetz –, –, JD Vance, Scott Applewhite, Pam Bondi, Hegseth, headwinds, Chris Coons, CNN’s Manu Raju, Dr, Janette Nesheiwat, Marty Makary, Robert F, Kennedy Jr, Sebastian Gorka, Neil Gorsuch, Brett Kavanaugh, Larry Kudlow, Christina Bobb, Rupert Murdoch’s, Bret Baier, Kamala Harris, Vance, Rubio, Burgum, ” CNN’s Kate Sullivan, Manu Raju, Alayna Treene, Brian Stelter Organizations: CNN, Fox, Pentagon, Department of Education, Fox News, Trump, TV Cabinet, Fox Business, Medicare, Republicans, South Dakota Gov, Department of Homeland Security, Wall Street, CNBC, Commerce, North Dakota Gov, of, Interior, Republican, Capitol, Florida, and Drug Administration, “ Fox, Department of Health, Human Services, Salem Radio Network, National Economic Council, America News Network Locations: Israel, Mar, Palm Beach , Florida, Wisconsin, Minnesota, Pennsylvania, Florida, America, Spanish, Washington ,, Gaetz, Delaware, Ohio

☆ Trump expected to pick Brooke Rollins to be Agriculture secretary, WSJ reports
▼ + stars: | 2024-11-23 | by ( ) www.cnbc.com time to read: +2 min

A sign of United States Department of Agriculture is seen on USDA building in Washington D.C., United States on June 21, 2023. The United States Department of Agriculture has approved selling cell-cultured chicken. (Photo by Celal Gunes/Anadolu Agency via Getty Images)U.S. President-elect Donald Trump is expected to pick Brooke Rollins, president of the America First Policy Institute, to be Agriculture secretary, The Wall Street Journal reported on Saturday. Department of Agriculture officials and staff negotiate trade deals, guide dietary recommendations, inspect meat, fight wildfires and support rural broadband, among other activities. The America First Policy Institute is a right-leaning think tank whose personnel have worked closely with Trump's campaign to help shape policy for his incoming administration.

Persons: Celal Gunes, Donald Trump, Brooke Rollins, Rollins, Trump, Kelly Loeffler Organizations: United States Department of Agriculture, Washington D.C, Anadolu Agency, Getty Images, America, Policy Institute, Street, Department of Agriculture, CNN Locations: Washington, United States, Trump's, U.S, Mexico, Canada

Mexico gained tens of thousands of jobs when U.S. and foreign automakers moved their plants to Mexico under the free trade pact to take advantage of much lower wages. But the idea that Chinese parts — or even whole cars — could be piggybacking on that arrangement to further hollow out the U.S. auto industry has enraged some people north of the border. Mexico hopes the rules of the agreement would prevent the U.S. or Canada from simply walking away when the trade pact comes up for review in 2026. Mexican officials say they have fewer imports of Chinese parts and products than the United States does. In the end, Mexico may be forced to crack down on Chinese imports, but it won't be easy.

Persons: Donald Trump, Justin Trudeau, Claudia Sheinbaum, ” Sheinbaum, Sheinbaum, Marcelo Ebrard, ” Ebrard, Gabriela Siller, ” Siller, “, . Mahoney, ” Mahoney, Sen, Sherrod Brown, José María Ramos Organizations: MEXICO CITY, —, Canadian, Banco Base, Baker Institute, Ohio Democrat, Colegio, Associated Press Locations: MEXICO, — Mexico, North America, U.S, Mexico, Canada, Morena, China, Asia, United States, Mexican, Trump's, Texas, Ohio, Frontera Norte, Tijuana

☆ Meet 21 DC power players who shape federal policy for chip companies like Intel, Nvidia, and TSMC
▼ + stars: | 2024-11-23 | by ( Helen Li | ) www.businessinsider.com time to read: +3 min

AdvertisementThe CHIPS and Science Act, offering over $30 billion in incentives, spurred semiconductor lobbying. Related VideoAmerican manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. Business Insider reviewed lobbying public disclosure reports associated with various chip companies and focused on the top listed lobbyists and governmental affairs departments. Only three companies—Polar Semiconductor, Global Foundries, and TSMC—have finalized funding contracts out of 21 set to receive CHIPS Act grant funding. The spokesperson declined to comment on chip lobbying efforts and the specifics of individual CHIPS applicants.

Persons: TSMC, Chris Miller, Joe Biden's, Donald Trump, Joe Rogan, TSMC —, Lori Yue, Yue, Trump, Howard Lutnick, Cantor Fitzgerald Organizations: Nvidia, TSMC, Intel, Big Tech, Micron, AMD, Business, Polar Semiconductor, Global, of Commerce, Companies, Columbia Business School, The Locations: Washington, Washington ,, Taiwan

☆ China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
▼ + stars: | 2024-11-23 | by ( Chris Johnston | Daniel Zwick | ) www.businessinsider.com time to read: +4 min

AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.

Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America

☆ Trump’s Trade Agenda Could Benefit Friends and Punish Rivals
▼ + stars: | 2024-11-23 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

The sweeping tariffs that President-elect Donald J. Trump imposed in his first term on foreign metals, machinery, clothing and other products were intended to have maximum impact around the world. They sought to shutter foreign factories, rework international supply chains and force companies to make big investments in the United States. But for many businesses, the most important consequences of the tariffs, enacted in 2018 and 2019, unfolded just a few blocks from the White House. In the face of pushback from companies reliant on foreign products, the Trump administration set up a process that allowed them to apply for special exemptions. The stakes were high: An exemption could relieve a company of tariffs as high as 25 percent, potentially giving it a big advantage over competitors.

Persons: Donald J, Trump Organizations: United States Trade Representative, Commerce Department Locations: United States, China

☆ It's time to get serious about fixing the nation's power grid. That puts these stocks in a sweet spot
▼ + stars: | 2024-11-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.

Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin

Russia has fired about 60 North Korean KN-23 missiles at Ukraine this year, according to a Ukrainian defense official. These less-sophisticated missiles are part of North Korea’s growing support to Moscow, which also includes about 11,000 North Korean soldiers deployed to Russia’s Kursk region. Strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told CNN. Ukrainian investigators found evidence that crucial components used in the North Korean missiles are produced by at least nine Western manufacturers. There are more than 250 companies whose components have been identified in North Korean missiles, according to CAR.

Persons: “, Yuriy Ignat, Russia – “, ”, Andriy Kulchytskyi, Damien Spleeters, Victoria Vyshnivska, Vyshnivska, Danylo, Vladyslav Vlasiuk, Trump, Richard Blumenthal Organizations: Ukraine CNN —, CNN, Ukrainian Air Force, Korean, North Korean, Scientific Research, Forensic, Ukraine’s, Corruption, Military Research, Kyiv’s Scientific Research, Ukrainian Defense Intelligence, Research, Getty, US Commerce Department, “, US, Investigations, Defense Intelligence Locations: Kyiv, Ukraine, Ukraine CNN — Ukraine, Russia, North, Moscow, Russia’s Kursk, United States, Netherlands, United Kingdom, North Korea, Germany, Switzerland, Korean, US, China, Anadolu, Canada, Belarus, Western, Ukrainian, Russian, Iran

☆ Cher came back from owing $270,000 in back taxes, only to wind up broke again. 6 points about money from her new memoir.
▼ + stars: | 2024-11-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementCher came back from owing $270,000 in back taxes only to wind up broke again years later. We owe the IRS $270,000 in back taxes and we don't have the money," Bono said to Cher in the late 1960s, in her telling. Cher's divorce from Sonny Bono was finalized in 1975. Cher writes in her memoir that "the contracts he'd had me sign were secretly designed to strip me of my income and the rights to my own career." Advertisement"Mom's store attracted a lot of press attention, but it was never solvent and soon began to lose money," Cher writes.

Persons: Cher, overspent, Sonny Bono, I'd, We're, Bono, Getty Images Cher, she'd, you've, Ed Sullivan, who'd, David Geffen, Barry King, Geffen, Sonny, he'd, overextending, John Marshall Organizations: CBS, Getty Images, Geffen Locations: Los Angeles, Brentwood , California

Here are eight health claims — with little or no scientific evidence to back them up — that Oz made over the years. Green coffee extract, the ‘magic weight loss cure’In 2014, Oz went to Washington to seek help fighting internet marketers who were using his name and image to sell weight loss products. Senators provided several examples from Oz’s own show, but much of the hearing focused on his claims about green coffee bean extract. The BMJ study from 2014 found that the majority of Oz’s health recommendations touched on nutrition and dietary advice. (The research shows no evidence that HCG is an effective weight loss tool.)

Persons: Donald Trump, Mehmet Oz, ”, he’s, Trump, Oz, Melania Trump, Kedric Payne, Richard Besser, Robert Wood Johnson, ” Besser, Dr, Besser, ” Karoline Leavitt, Vance, “ Dr, Trump’s, it’s, ’, Sen, Claire McCaskill, ” McCaskill, “, Joe Vinson, Bryan Burnham, Harriet Hall, kaempferol, —, Tim Sullivan, ” Sullivan, ” Oz, “ Life’s Organizations: Medicare, Medicaid Services, CMS, Robert Wood Johnson Foundation, U.S . Centers for Disease Control, NBC News, Federal Trade Commission, Washington Post, YouTube, Vox, The Washington Post, National Institutes of Health, Nutrition, Cancer, Drug Administration, FDA, CBS News, Business Locations: Washington, U.S, New Jersey

Generic drugs are the backbone of medicines prescribed in the U.S.: They account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines, a trade group that represents generic drugmakers. Karoline Leavitt, a spokesperson on Trump’s transition team, declined to say whether Trump planned to grant an exemption on generic drugs. According to the American Society of Health-System Pharmacists, a group that tracks drug shortages, there are 277 active drug shortages in the U.S., half of which have persisted for two or more years. That’s different from generic drugs, which are cheaper and are often sold at close to the cost for which they were made, he said. What concerns Kesselheim the most is that tariffs could cause generic drug prices to skyrocket should more generic drug manufacturers drop out.

Persons: Donald Trump, Trump, Aaron Kesselheim, Janet Woodcock, ” Woodcock, Arthur Caplan, you’ve, ”, drugmakers, Woodcock, Karoline Leavitt, Leavitt, ” Kesselheim, Hurricane Helene, “ Organizations: Harvard Medical School, Association for Accessible Medicines, Food and Drug Administration, NYU Langone Medical, American Society of Health, System, Baxter International Locations: China, U.S, India, New York City, Hurricane, North Carolina, Indonesia, United States

Were Trump to follow through on his vow to impose tariffs on imports on Europe as well as from China, they would likely deviate further. There is also uncertainty across the continent about what the new White House will mean for the war in Ukraine. In their view, China could help to pressure Russia over Ukraine as Xi loses patience with a war he did not expect would drag on for almost three years. One senior European diplomat said that while China has never explicitly condemned Russia’s invasion of Ukraine, it has helped in other ways to rein in Moscow. continues to say that Ukraine will negotiate when Ukraine wants to negotiate,” another European official said, “and that the E.U.

Persons: Donald Trump, don’t, Trump, Vladimir Putin, “, Olaf Scholz, Putin, Sydney Walsh, Volodymyr Zelenskyy, ‘, Mike Waltz, Xi, Sergey Bobylev, ”, Keir Starmer, Xi Jinping, Starmer, Jimmy Lai, Scholz, Emmanuel Macron, David Lammy, Wang Yi, Liu Bin, Joe Biden, Wu Xinbo, ” Wu, ” Cao Lei, Kim Jong, trickier, ” Keir Simmons, Jennifer Jett Organizations: NBC, Union, NBC News, “, U.S, Economist, Chinese Communist Party, Getty Images, ”, Group, British, Xinhua News Agency, Getty, Trump, Center for American Studies, Fudan University, University of Hong Kong’s, Contemporary, Foreign, South China Locations: DUBAI, United Arab Emirates, Beijing, Brussels, China, Europe, Ukraine, we’ll, Kazan, Russia, Anadolu, South, Taiwan, Moscow, Rio de Janeiro, Britain, Hong Kong, British, Shanghai, “, Contemporary China, “ China, European, North Korea, U.S, Dubai

☆ 3 of Trump's top cabinet-level picks recently worked as lobbyists, with clients ranging from Amazon to Qatar
▼ + stars: | 2024-11-22 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Susan Wiles, Trump's incoming chief of staff, maintained ties to a lobbying firm until this month. Sean Duffy, Trump's pick for Transportation secretary, has lobbied for a group of major airlines. The EPA, under Obama, Trump, and Biden's administrations, have repeatedly opposed efforts to mine in the bay, home to one of the world's largest salmon fisheries. Starting not long after he left Congress in 2019, Duffy lobbied for Polaris, a US auto manufacturer known its off-road and recreational vehicles. ProPublica previously reported that Duffy lobbied White House trade adviser Peter Navarro as Polaris sought to win exemptions to tariffs on the parts it was importing.

Persons: Donald Trump's, Susan Wiles, Sean Duffy, Trump's, Donald Trump, Susie Wiles, Pam Bondi, Wiles, Duffy, Uber —, Bondi, Ballard, Trump, Jeff Hauser, Brian Ballard, Alaska . Sen, Lisa Murkowski, Obama, Peter Navarro, Ron Klain, Biden's, Fannie Mae, Steve Ricchetti, Biden, Jeff Ricchetti, Barack Obama, Hauser, Hauser isn't, " Hauser Organizations: Washington, Incoming White House, Amazon, GM, MetLife, Fidelity National Financial, Ballard Partners, Trump, Republican, The New York Times, Alaska ., Alaska Republican, Partnership, EPA, Federal Aviation Administration, United, Polaris, White, General Motors, Uber, Fidelity, North, Major League Baseball, Biden, Raytheon, Politico Locations: Florida, Riyadh, Saudi Arabia, Trump, Alaska, North America, Bondi, Washington

☆ The S&P 500 could see another big year in 2025, if history is any guide
▼ + stars: | 2024-11-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors should brace themselves for another big move next year, according to an analysis of historical data from Bank of America. The S & P 500 is up 24.7% in 2024 and on track for its second straight year with a gain of more than 20%. After rising 31% and 38% in 1927 and 1928, respectively, the S & P 500 lost 12% in 1929 and another 28% in 1930, Hartnett said. The last time the S & P 500 posted back-to-back 20% annual gains was in the 1990s, soaring 34% in 1995 and 20% in 1996. Hartnett noted that the "secret sauce" for the S & P 500 to avoid some of the sharp reversals seen before is a decline in Treasury yields.

Persons: Michael Hartnett, wasn't, Hartnett, Donald Trump, Goldman Sachs, Goldman Organizations: Bank of America Locations: U.S

☆ Salesforce CEO Benioff rips Microsoft's AI efforts. Here's why we're not picking sides
▼ + stars: | 2024-11-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

In the emerging AI software battle between Microsoft and Salesforce , investors do not need to pick a side. The announcements came roughly one year after the tech giant launched a suite of AI assistant tools called Microsoft 365 Copilot. Both companies leaning into AI agents is notable because Salesforce CEO Marc Benioff has not been hesitant to attack Microsoft's competing AI offerings. Salesforce stock is up 28% year to date versus Microsoft's roughly 9% gain since the start of 2024. I don't want to go against Microsoft," Jim said.

Persons: Jim Cramer, —, Marc Benioff, Benioff, who's, Satya Nadella, Nadella, They're, We've, Salesforce, Slack, Agentforce, Jim, it's, Jim Cramer's, Salesforce's Dreamforce, Justin Sullivan Organizations: Microsoft, Deutsche Bank, Club, CNBC, Getty Locations: Agentforce, Salesforce's, Mulesoft, San Francisco , California

☆ The portfolio's biggest stock winners — and laggards — for the week
▼ + stars: | 2024-11-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The stock market is wrapping up a good week, with the S & P 500 on Friday pacing for its fifth straight session of gains. Next week: It's a holiday-shortened week with markets closed Thursday for Thanksgiving and closed early (1 p.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, industrials, Coterra, We're, Blackwell, CrowdStrike, Robert F Kennedy, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, ., Walmart, Costco, Utilities, Nvidia, Coterra Energy, Technology, Enterprise, Department of Health, Human Services, Department of Justice, Google, Chrome, Burlington Stores, Dick's Sporting Goods, JM, Abercrombie, Fitch, Dell Technologies, HP Inc, Federal, Jim Cramer's Charitable, Traders, New York Stock Exchange, NYSE Locations: New York City

☆ China says it is willing to talk with U.S. to push forward bilateral trade
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +1 min

China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday. China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday. "We believe that China and the U.S. can maintain a stable, healthy, and sustainable development trend in economic and trade relations," Wang said at a press conference in Beijing. China is also willing to "expand areas of cooperation and manage differences" with the U.S., Wang said. Economists polled by Reuters believe the United States could impose nearly 40% tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point.

Persons: Wang Shouwen, Wang, Donald Trump Organizations: United, International Trade Representative, U.S, Reuters Locations: China, United States, U.S, Beijing, Southeast Asia

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