China's consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday. Analysts polled by Reuters had expected a slight pickup in consumer prices to 0.5% in November from a year ago, versus 0.3% in October. China's producer price index declined for the 26th month. Producer inflation fell by 2.5% year on year in November, less than the estimated 2.8% decline as per the Reuters poll.
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While healthier alternatives dominate the U.S. bread market, Wonder Bread still makes nearly half a billion dollars in annual sales for Flowers Foods.
How Wonder Bread has survived competition and the fall of white bread
cnbc.com
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As a kid, Jack Cowin shoveled snow, delivered newspapers and sold Christmas cards for cash. By the time he reached his 20s, it was burgers instead of cards. Fast forward to today: The 82-year-old is a billionaire, thanks to his fast food empire. Cowin is the founder and chairman of Competitive Foods Australia, the company that operates Burger King as "Hungry Jack's" in Australia. He is also the largest shareholder of Domino's Pizza in Australia, and backs a plant-based meat substitute company called v2food. Before founding Hungry Jack's, Cowin was responsible for bringing Kentucky Fried Chicken to Australia in 1969. Then in 2013, he sold off his KFC franchise of 55 stores in a deal worth about $71 million, according to a representative at Competitive Foods Australia.
He bought a KFC store in Australia for $100,000 in 1969. Today, his fast food company is worth over $3 billion
cnbc.com
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President Joe Biden cheered the toppling of Syria's dictatorship in remarks on Sunday, but he warned about the uncertainty during the country's political transition. "It's a moment of historic opportunity for the long-suffering people of Syria to build a better future for their proud country," he said from the White House's Roosevelt Room. "It's also a moment of risk and uncertainty. As we turn to the question of what comes next, the United States will work with our partners and the stakeholders in Syria to help them seize an opportunity to manage the risk." The U.S. will support Syria's neighbors, including Jordan, Iraq, Lebanon and Israel, during the transition period and send senior officials to the region, Biden said. He also pledged to continue the mission against ISIS and to ensure the security of detention facilities in Syria that hold ISIS fighters.
Biden says U.S. will support Syria and its neighbors after Assad dynasty collapses
cnbc.com
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In an exclusive interview with Donald Trump on NBC's "Meet the Press" on Sunday, the president-elect told NBC News' Kristen Welker that Ukraine will "possibly" receive less military aid once he takes office. "We're in for $350 billion, and Europe is in for $100 billion. Why isn't Europe in for the same as us?" Trump told Welker of support that has gone to Ukraine since the war began in February 2022. "The one thing that should happen is that Europe...should equalize," he added.
President-elect Trump says Ukraine to 'possibly' receive less military aid
cnbc.com
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Donald Trump's first administration was chock full of super-rich figures whose combined wealth exceeded $5 billion, marking an unprecedented marriage of money and executive power. Trump's second term could make that total look like chump change. More than half a dozen of the Republican president-elect's picks for his incoming administration are either confirmed billionaires or widely speculated to be. Numerous others are multi- or centimillionaires.
Trump is stacking his White House roster with uber-rich backers
cnbc.com
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Housing is not cheap — whether you're buying or renting. In October, the median sales price for a single-family home in the U.S. was $437,300, up from $426,800 a month prior, according to the latest data by the U.S. Census. Meanwhile, the median rent price in the U.S. was $1,619 in October, roughly flat or up 0.2% from a year ago and down 0.6% from a month prior, according to Redfin, an online real estate brokerage firm.
5 housing market predictions for 2025, according to economists
cnbc.com
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U.S. jobseekers are having a rough year. Only about 13% say their job search is going well, according to ZipRecruiter's recent Jobseeker Confidence Survey, while 43% say it's going poorly. Jobseeker confidence has also hit its lowest point since early 2022. "I think 2024 has been so challenging of a job market," says Stefanie Fackrell, an HR consultant who's worked in talent acquisition at companies like Nvidia and Google It's "the worst job market I've seen since 2008 when I graduated from university." Whether you're experiencing challenges looking for work or you're simply looking for ways to build your career in 2025, here are Fackrell's best three tips to set yourself up for success.
Want to set yourself up for career success in 2025? What you should 'always, always, always' do, from an ex-Nvidia recruiter
cnbc.com
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One interpretation of the law of supply and demand is that when demand outstrips supply, scammers get busy. That's certainly the case with the super-popular weight-loss drugs from Eli Lilly and Novo Nordisk. As millions of Americans are prescribed injectable Ozempic and Mounjaro to treat type 2 diabetes, and Wegovy and Zepbound for obesity — and countless more without prescriptions seek them as "vanity drugs" to shed unwanted pounds — the manufacturers can't keep up production. The GLP-1s, as they're known, are pricey, too, and insurance often doesn't cover them, provided consumers can find them. That confluence of factors has laid the groundwork not only for a confusing online marketplace for compounded versions of the drugs — allowed by the Food and Drug Administration when proprietary ingredients are determined to be in short supply — but a proliferation of nefarious scams offering to sell both brand-name and counterfeit GLP-1s on websites and social media platforms.
The weight-loss drug boom has become one of the internet's biggest scams
cnbc.com
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Generative artificial intelligence probably won't change your life in 2025 — at least, not more than it already has, according to Google CEO Sundar Pichai. When OpenAI launched ChatGPT two years ago, generative AI quickly captured the imagination of users around the world. Now, with the industry's competitive landscape somewhat established — multiple big tech companies, including Google, have competing models — it'll take time for another technological breakthrough to shock the AI industry into hyper-speed development again, Pichai said at the New York Times' DealBook Summit last week. "I think the progress is going to get harder. When I look at [2025], the low-hanging fruit is gone," said Pichai, adding: "The hill is steeper ... You're definitely going to need deeper breakthroughs as we get to the next stage."
Google CEO: AI development is finally slowing down—'the low-hanging fruit is gone’
cnbc.com