Man accused in burning death of a woman on New York subway appears in court
This is CNBC's live blog covering European markets. European stocks are heading for a lower open Tuesday as investors assess the global implications of U.S. President-elect Donald Trump 's plans to hike tariffs on China, Mexico and Canada. 24/7 San Diego news stream: Watch NBC 7 free wherever you are The regional Stoxx 600 index ended in the green for a third straight session on Monday, while global momentum in equities lifted Wall Street's Dow Jones Industrial Average to a new record . Trump on Monday evening said one of his first acts in office would be to impose an additional 10% tariff on all Chinese goods entering the U.S., and threatened a 25% tariff on products from Mexico and Canada, ending a regional free trade agreement. Economists have previously flagged the potential inflationary impact of Trump's fiscal plan, which could see the Federal Reserve cut interest rates at a slower pace. That in turn could boost the U.S. dollar against currencies such as the euro and sterling. "Immediate market reaction looks negative," analysts at Maybank said in a note Tuesday. "However, these tariffs do differ quite a bit from what Trump had mentioned during his campaign of 60% for China and a 10% broad tariff for the rest of the world. Whilst the market maybe cautious of the risk that Trump maybe incrementally introducing the tariffs, we do note the possibility that the final imposition may not be quite the same as what was proposed by him." Money Report Tim Cook and other U.S. executives attend China expo, meet officials as Trump tariff threat looms Meet the start-up working to save newborn babies and democratize pregnancy care Europe is quiet on the data and earnings front Tuesday. Investors will continue to analyze the latest merger and acquisition news from the banking sector, after UniCredit offered to buy its fellow Italian lender Banco BPM for roughly 10 billion euros ($10.5 billion). In the United States, the Fed will release minutes from its November meeting which delivered a quarter percentage point rate cut. U.S. stock futures were flat in the early hours, while Asia-Pacific markets were mixed. Europe stocks set to open lower European stocks were last seen opening lower Tuesday, according to IG data. Germany's DAX was on course to open 111 points lower at 19,301, France's CAC 40 lower by 53 points at 7,206, and the U.K.'s FTSE 100 lower by 33 points at 8,262. — Jenni Reid CNBC Pro: Barclays says these global stocks are ripe for share buybacks — and analysts give one 45% upside European equity markets might look "gloomy" right now, but Barclays noted that one investment strategy has delivered "solid outperformance" over recent months. "Buyback strategies remain a bright spot for Europe, with strong volumes and returns. Amid a gloomy equity market, our buyback announcement basket (BCEUBUYB) has outperformed by 4.6% since Oct," the investment bank's strategists wrote in a Nov. 21 research note. CNBC Pro subscribers can read more here. — Amala Balakrishner Gold plunges 3% as Trump Treasury pick and potential Israel-Hezbollah truce fuel risk-on mood Gold prices lost about 3% after President-elect Donald Trump picked Scott Bessent as his Treasury secretary , with reports of Israel and Hezbollah nearing a ceasefire deal also eroding the safe-haven metal's appeal. Spot prices of the yellow metal dropped 3.44% to $2,616.80 per ounce, according to data from Factset. Gold futures on the New York Mercantile exchange were trading at $2,628.5. "The ~$100 wipeout in Gold today is as severe in size & pace as the post U.S. election selloff on Nov 6th," MKS Pamp's head of metals strategy, Nicky Shiels said. Read the full story here . — Lee Ying Shan Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social . The post immediately followed one in which Trump said his first of "many" executive orders on Jan. 20 would impose tariffs of 25% on all products from Mexico and Canada. Trump is set to be inaugurated as the next U.S. president on Jan. 20. Read the full story here. —Evelyn Cheng Dow and S&P hit all-time highs The Dow Jones Industrial Average and the S&P 500 both hit all-time highs during Monday morning's session, as investors rejoiced an improved outlook for equities under Treasury pick Scott Bessent. The Dow gained more than 1% in early deals while the S&P traded more than 0.4% higher. Investors predict that Bessent might help mitigate some of Trump's most extreme protectionist policies, in particular trade tariffs. — Karen Gilchrist CNBC Pro: Hedge fund bets on a key oil and gas supply chain stock, expecting 300% upside Shares of a critical player in the shallow water oil and gas drilling industry, have received renewed backing from a hedge fund, with potential projected returns of 300% to 400%. The investment case is strengthened by several fundamental market dynamics, including a lack of supply with future demand expected to rise, according to the hedge fund manager. CNBC Pro subscribers can read more here. — Ganesh Rao Also on CNBC Stock futures flat after Dow closes at another record: Live updates Stocks making the biggest moves after hours: Zoom, Kohl's, Semtech and more A December rate cut suddenly looks shaky as the market weighs Trump implications
As the leaves fall, the heat goes on, the temperatures drop and the sweaters and jackets are pulled from storage, it’s also a great time to think about making a pot of soup. Soup is one of the best comfort foods, perfect for those New England fall and winter days. Whether you fancy clam or corn chowder, a roasted butternut squash soup, a classic Italian sausage orzo or something unique like lasagna soup, there’s a special place in everyone’s heart for that big pot on the stove. We have found five recipes that are sure to make your mouth water. No matter what soup preference you may have, you’ll find something to cook for the whole family. Simple Roasted Butternut Squash Soup This recipe is by Allrecipes.com . Ingredients Directions Clam Chowder This recipe is by Allrecipes.com . Ingredients Directions Real Lasagna Soup This recipe is by Allrecipes.com . Ingredients Noodles: Soup Base: Cheese Mixture: Garnish: Directions Italian Sausage Orzo Soup This recipe is by juliasalbum.com . Ingredients Directions Cheesy Potato Soup This recipe is by Allrecipes.com . Ingredients Directions
SARAH Hadland and Vito Coppola kicked off Musicals Week on Strictly tonight with a dance to Popular from Wicked. Fans were in love with their electric performance to the song, and despite the duo receiving praise from the judges, many felt they had been underscored. Sarah and Vito's Charleston was full of energy and included several intricate lifts. Judges commended the actress for having the vitality to be swung around on stage so vigorously despite being 50 years old. Craig Revel Horwood and Motsi Mabuse each awarded the performance a 9, while Shirley Ballas and Anton Du Beke gave it a perfect 10. Although the pair did quite well, several fans were frustrated that they didn't receive a perfect score. read more in Strictly One viewer took to social media, fuming: "Sarah undermarked again! Should have got 40." Another branded the scores a "joke", adding: "How was that not 4 10s for Sarah & Vito... it was absolutely BRILLIANT. "What has she got to do to get 40??" A third even questioned if the duo had done something to annoy the judges early on in the competition, asking: "So what do Sarah and Vito have to do to get 10s from Craig and Motsi? Most read in Reality "Thinking Claudia was right last week when she asked Craig what the beef with Sarah was. Undermarked yet again." This comes after fans had previously claimed that Sarah and Vito had been given an unfair advantage by getting assigned a song from Wicked. This is because the recent release of the highly-anticipated remake has made the song more relevant than others. Although many people predicted this selection would land Sarah at the top of the leader board, it seems judges only have eyes for the actress's actual dancing skills.Newsom wants CA consumers to pay to replace $7,500 federal EV credit, Tesla excluded
MILAN — Shoppers laden with bags from Fendi, Loewe, Prada and other designer labels clog the narrow sidewalks of Milan's swankiest shopping street, bringing joy to the purveyors of high-end luxury goods this, and every, holiday season. There's even more to celebrate this year: a commercial real estate company crowned Via MonteNapoleone as the world's most expensive retail destination, displacing New York's Fifth Avenue. The latest version of American firm Cushman & Wakefield's annual global index, which ranks shopping areas based on the rent prices they command, is a sign of Via MonteNapoleone's desirability as an address for luxury ready-to-wear, jewelry and even pastry brands. A man walks past a shop Dec. 12 in Monte Napoleone street in Milan, Italy. The average rent on the Milan street surged to $2,047 per square foot, compared with $2,000 per square foot on an 11-block stretch of upper Fifth Avenue. Via MonteNapoleone's small size — less than a quarter-mile long — and walking distance to services and top cultural sites are among the street's key advantages, according to Guglielmo Miani, president of the MonteNapoleone District association. "Not everything can fit, which is a benefit," since the limited space makes the street even more exclusive and dynamic, said Miani, whose group also represents businesses on the intersecting side streets that together with Via MonteNapoleone form an area known as Milan's Fashion Quadrilateral. Women look a shop Dec. 12 in Monte Napoleone street in Milan, Italy. The biggest brands on the street make 50 million euros to 100 million euros in annual sales, Miani said, which goes a long way to paying the rent. Tiffany & Co. is preparing to take up residence on Via Montenapoleone, and longtime tenant Fendi is expanding. The MonteNapoleone District says 11 million people visited the area this year through November, but there's no way to say how many were big spenders vs. window shoppers. The average shopper on Via MonteNapoleone spent 2,500 euros per purchase between August and November — the highest average receipt in the world, according to the tax-free shopping firm Global Blue. The street is a magnet for holiday shoppers who arrive in Maseratis, Porsches and even Ferraris, the sports car's limited trunk space notwithstanding. A mannequin is seen Dec. 12 in a shop in Monte Napoleone street in Milan, Italy. Lights twinkle overhead, boutique windows feature mannequins engaged in warm scenes of holiday fun, and passersby snap photos of expertly decorated cakes in pastry shop displays. A visitor from China, Chen Xinghan, waited for a taxi with a half-dozen shopping bags lined up next to him on the sidewalk. He said he paid half the price for a luxury Fendi coat that he purchased in Milan than he would have at home. "I got a lot," Chen acknowledged. "It's a fantastic place, a good place for shopping." A man waits for a taxi Dec. 12 in Monte Napoleon street in Milan, Italy. A few store windows down, Franca Da Rold, who was visiting Milan from Belluno, an Italian city in the Dolomites mountain range, marveled at a chunky, yardslong knit scarf priced at 980 euros. "I could knit that in one hour, using 12-gauge knitting needles as thick as my fingers, and thick wool. Maximum two hours," Da Rold said, but acknowledged the brand appeal. Buildings are decorated Dec. 12 in Monte Napoleone street in Milan, Italy. Despite upper Fifth Avenue getting bumped to the No. 2 spot on the Cushman & Wakefield list, the organization that serves as the Manhattan street's guardian and chief promoter had praise for MonteNapoleone's achievement. "Milan's investment in its public realm is paying off, which is a win for their shoppers, businesses and city as a whole," said Madelyn Wils, interim president of the Fifth Avenue Association. She also expressed confidence that with new investments and a record year for sales on Fifth Avenue, "we'll be back on top in no time." The holiday season feels a little less jolly considering the amount of waste generated by gift-giving. The Environmental Protection Agency estimates the amount of household garbage in the U.S. increases by 25% between Thanksgiving and New Year's. After the decorations come down, all that waste heads to landfills, producing a significant contributor to climate change: methane gas. "Greening" the holidays is essential, and one simple tip is to think more about how sustainable the materials are in your decorations, decor, and, of course, gifts. Instead of plastics, you could opt for items that can be reused, are made of renewable materials or natural fibers that boast a smaller environmental impact in both production and durability. Due to consumers' desires for more eco-friendly goods, sustainable materials are among the biggest trends in home decor. Fortunately, there are plenty of affordable—and earth-conscious—home goods that make perfect holiday gifts. Made Trade rounded up a list of sustainable home decor trends in 2025 that offer dozens of creative options for holiday gift-giving. Each trend includes examples of great gifts for the home and advice for ensuring items are sustainably produced or can help create a more eco-friendly space. In the depths of winter's gray days, it's a real gift to see a little green, which is why indoor gardening gifts are a wonderful idea. Not only are they eco-friendly and promote sustainability—the more food you can grow yourself, the less you have to buy—they also foster an appreciation of nature and bring the natural world indoors to enjoy. Sprouting kits and microgreens require minimal amounts of space and sunlight, but a sunny, south-facing window will permit a small herb garden or leafy greens for salads. If you're not sure what kind of light your recipient has access to, go with gifting indoor grow lamps along with the plants, or pick a hardy, low-water houseplant—some can act as natural air purifiers too. When buying gifts for the home, consider what materials the items are made from and how far away they come from—not only are natural materials like rattan, jute, palm leaves, clay, organic cotton and linen, and ceramics more sustainable, but if they are being used by a local craftsperson, gifters are also saving on fossil fuels for the transportation. Plus, you're helping the local economy by supporting local craftspeople, so it's a win-win. Natural fiber pillows, sheets, blankets, and even doormats offer comfort and consideration of the environment. The most sustainable and eco-friendly gift is one you already have, so get creative about reusing materials already in or around your home (raid the recycling bin, find nice pieces of wood outside, wash out and reuse glass jars) to fashion them into new, thoughtful goods. Similarly, think vintage and secondhand—what items can you give a second life to by passing them along to someone who will find new meaning in them? Some of the most thoughtful gifts are small heirlooms—pieces of jewelry or a beloved ceramic dish—passed along to the next generation that will appreciate them. Green technology offers ways to reduce our carbon footprint in everyday life, and smart thermostats, solar lights, smart sprinklers, and smart plugs all make great gifts, saving people money and conserving our valuable resources. For those looking into home renovations or updating decor, try a new light fixture paired with smart blubs, or a new window treatment with smart shades. Even something as simple as a rain barrel can reduce energy use—and while the technology for that isn't very sophisticated, it certainly is, like composting, "smart." Integrated outdoor living is the ultimate gift, allowing us to bring the natural world into our homes. However, doing so sustainably takes a little more effort than simply leaving the doors to the deck open all the time. First, find eco-friendly and sustainable outdoor furniture, perhaps thrifting it or buying it used and fixing it up for a one-of-a-kind gift. If you can't go secondhand, choose furniture made of sustainable materials such as reclaimed wood, recycled plastic (great for outdoor rugs), or bamboo. For smaller gifts, consider solar lights, a water feature that recycles water, a rain barrel, or even a set of handmade wind chimes made from seashells. Story editing by Carren Jao. Additional editing by Kelly Glass. Copy editing by Paris Close. Photo selection by Clarese Moller. This story originally appeared on Made Trade and was produced and distributed in partnership with Stacker Studio. Get the latest local business news delivered FREE to your inbox weekly.Tennis having to cope with the retirement of the great Nadal
Fitch has predicted an unfortunate outcome for the naira by 2028, according to its BMI Research report It said the persistent depreciation of the naira will drive up the cost of importing medical devices and diminish consumer purchasing power Despite government incentives, local manufacturing of medical devices in Nigeria still faces significant obstacles Don't miss out! Join Legit.ng's Sports News channel on WhatsApp now! Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology and the Stock Market. Fitch Solutions, a financial intelligence provider, has forecasted that the naira may fall to around N1,993 per dollar by 2028, posing significant challenges for Nigeria’s pharm*ceutical industry in importing medical devices. In a recent report, BMI Research, a subsidiary of Fitch Solutions, noted that despite the anticipated economic recovery, Nigeria’s medical devices market would likely continue to encounter operational and demand-related difficulties in the short term. Fitch projects that Nigeria’s medical device market will expand at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2028 in local currency terms and 9.6% in US dollar terms, reaching an estimated market value of NGN171.1 billion (USD344.7 million) by 2028. Read also NNPC shares pictures of petrol from pH refinery, says it is ‘top quality’, advises Nigerians PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! The report highlights that increasing healthcare spending focused on universal health coverage, alongside Nigeria's large population and the dual burden of chronic and infectious diseases, will sustain strong demand for medical devices, particularly diagnostics, consumables, and hospital equipment, in the short to medium term. Citing Sanofi and GlaxoSmithKline as examples of companies that exited Nigeria due to naira devaluation, the report noted that the ongoing currency depreciation would drive up the cost of importing medical devices and diminish consumer purchasing power. Fitch’s subsidiary also indicated that, despite government incentives, significant obstacles still prevent local manufacturing of medical devices from gaining momentum in Nigeria. The report stated: “Continued weakness of the naira will increase medical device import costs and erode consumer purchasing power. Similar to other markets in sub-Sahara Africa, Nigeria heavily relies on medical device imports, with reliance of over 95%. We expect that the naira will end 2028 at NGN1993/USD from NGN306/USD in 2018." Read also Rewane advises CBN to stabilise Naira, tame money growth The report highlighted that as the naira depreciates, the cost of importing medical devices will keep rising, which will weaken both the healthcare system and patients' ability to afford essential medical technologies, particularly given the underfunding of the public health sector. However, on the export side, a weaker naira could boost the competitiveness of locally manufactured medical devices, supporting growth in the sector. Tinubu's attempt to manage the naira Years of economic mismanagement have left Nigeria facing a severe shortage of dollars. The country’s economy has long relied on oil exports while maintaining a high demand for imported goods, creating an unstable foundation. In an effort to address this issue, President Bola Tinubu relaxed long-standing foreign exchange controls shortly after assuming office in May 2023. As a result, the naira, previously maintained at an artificially strong rate against the dollar, has depreciated by around 70%. Tinubu aimed to attract foreign investment and enhance Nigeria’s appeal as an investment hub. Read also Report gives new naira prediction for 2024 as currency becomes worse-performing In the short term, however, this shift led to a spike in inflation , reaching a 28-year high, and intensified a cost-of-living crisis that sparked deadly protests in Africa’s most populous nation. Rewane advises CBN to stabilise naira In related news, Legit.ng reported that Bismarck Rewane has proffered solutions to the current state of the Nigerian economy The renowned economist called on the Central Bank of Nigeria (CBN) to focus on stabilising the naira and controlling money supply growth to mitigate inflationary pressures. He also identified forex supply shortages, high energy costs, and poor policy coordination as key factors in economic instability. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ngA former member of Donald Trump ’s administration has warned fellow Republicans not to “underestimate” Alexandria Ocasio-Cortez as the liberal congresswoman is touted as a possible contender to lead the Democratic party. Speaking on Fox News on Friday, Monica Crowley , a former public affairs official in the Treasury Department during the first Trump administration , said AOC had “real grassroots support” through her early adoption of social media. The Democratic congresswoman, 35, is known for her leftist stance on multiple issues . In the ongoing aftermath of the party’s historic defeat on November 5, many insiders have reportedly floated her name to lead the Democrats into 2028. Party members have been impressed with her ability to “cut through the BS and tell it like it is,” as one Democratic strategist told The Hill. Crowley said that, though she believed AOC to be “wrong on everything,” the New York congresswoman “was an early adopter of social media... so she’s connecting directly to voters.” “Just a word of warning to the Republicans, to my party: Do not underestimate AOC. She’s young, she’s vibrant, she’s attractive,” Crowley said. “I think she’s wrong on everything, but she does have real grassroots support. And all of the energy and activism in the Democrat party remains with the revolutionary left, of which she is a part.” However, not all agree with Crowley’s assessment, even with the Democratic party. Political analyst Doug Schoen – speaking on the same segment – said the choice of AOC as leader could be “a disaster.” “Most Democrats don’t want extreme left wing politics,” Schoen said. “I believe the Democratic Party needs to move to the center on cultural issues and on fiscal issues and be more fiscally disciplined. “AOC represents the opposite, and I think if she runs, it would be a disaster for the party, and I think her chance of getting nominated would be nil.”
2024 in pop culture: In a bruising year, we sought out fantasy, escapism — and cute little animalsMika Brzezinski of MSNBC’s “Morning Joe” was not expecting the blowback she received after she and her co-host husband, Joe Scarborough, met with President-elect Donald Trump last week. “I’ve been surprised at the backlash. And the way I look at it is people are really scared,” Brzezinski said on the Nov. 21 episode of The Daily Beast Podcast. “It’s one of the reasons we went in there, is people are really scared about Donald Trump’s comments about, you know, political adversaries. A lot of people are scared because of what has happened with abortion. These are all issues that are important to me, and in some ways personal to me, but definitely personal to the people I really care about.” Brzezinski and Scarborough disclosed the meeting with Trump on their show on Nov. 18, saying that they had visited his Florida home, Mar-a-Lago, three days prior to discuss his Cabinet selections and policy agenda face-to-face. The pair said that they disagreed with the president-elect on many issues—a fact they have repeatedly made clear on their show in recent years. While noting their “deep concerns” with some of Trump’s actions and words, they said he seemed interested in “finding common ground with Democrats on some of the most divisive issues.” But that did not stem the flow of criticism they have received since. “I’ve heard from a lot of people in my phone, people that I respect a great deal, leaders, people I don’t usually hear from who are really powerful, who just wanted to let me know that that was the right thing to do. And then I have seen ... the very opposite happening online,” Brzezinski said. Negative reactions to the visit—from mockery to disgust—poured in on social media. While much of the backlash surrounded objections to Trump’s character, there were others who took issue with the hosts’ attempt at finding common ground with the man they’d spent years vilifying on air. “You called him Hitler!” late-night host Jon Stewart noted on “The Daily Show.” Brzezinski, however, defended the meeting as a valid journalistic exercise. “You can interview Vladimir Putin as a journalist and not normalize him. You can learn, and you can also take a lot of what he says and put it within the context of what we know about him,” she said. “Many things can be true at one time, and as journalists, I think we have to be open to conversation, and we have to be open to learning, and we have to be open to talking face-to-face and talking about each other. And quite frankly, coming after me and Joe about doing this is exactly what someone with nefarious intentions would want,” she added in a pointed note to her critics.
