DIRS.INFO The most relevant business & tech news

☆ Senate advances long-awaited aid for Israel, Ukraine, Taiwan, and TikTok bill
▼ + stars: | 2024-04-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Senators passed a crucial procedural vote with wide bipartisan support, signaling that the foreign aid package has the strength to pass a final vote. The funding includes roughly $60 billion for Ukraine aid, $26 billion for Israel and $8 billion for Taiwan and Indo-Pacific security. Spending-wise, the legislation is similar to the $95 billion foreign aid bill passed by the Senate in February, which has been effectively shelved in the House in the weeks since. TikTok has pushed back on this proposal since the House passed it over the weekend. Those political threats, along with an increasingly razor-thin House Republican majority led Johnson to effectively table the Senate's $95 billion foreign aid bill for weeks.

Persons: Charles Schumer, Chuck Schumer, Joe Biden, TikTok, Biden, Marjorie Taylor Greene, Mike Johnson, Johnson, Iran's, Donald Trump's, Trump, John Fredericks Organizations: U.S, Capitol, Senate, NBC News, House Republicans, Rep, Republican Locations: Israel, Ukraine, Taiwan

☆ Top U.S. congressional Republican and Democrat say a deal has been reached on spending
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +2 min

Republican House Speaker Mike Johnson and Democratic Senate Majority Leader Chuck Schumer revealed the agreement in a pair of statements on Tuesday morning. The actual legislative text of the agreement, which must be finalized before lawmakers can vote on it, is still being completed. The package was expected to cover about three-quarters of discretionary government spending, due to come in at about $1.66 trillion for the fiscal year ending Sept. 30. Biden and House Republicans earlier this month laid out proposed budgets for the next fiscal year, which begins in October, that offered sharply contrasting priorities. Democrats and Republicans in Congress have been fighting since early last year on funding levels amid a push by hardline House Republicans to cut more spending than had been agreed to in a bipartisan deal enacted into law last June.

Persons: Charles Schumer, Mike Johnson, Joe Biden, Donald Trump, Chuck Schumer, Biden, Johnson Organizations: U.S, Capitol, Republican, Democrat, Congress, Department of Homeland Security, Democratic, U.S ., House Republicans, Russia, Republicans Locations: U.S, Mexico, Ukraine

☆ Congress unveils first six budget bills as government shutdown clock ticks
▼ + stars: | 2024-03-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

It was the fourth such funding extension this fiscal year, as Congress has struggled to settle on a long-term budget plan. This partial budget deal is a step forward in the push to secure a permanent budget plan for the rest of the fiscal year, which started Oct. 1. Still, leaders on both sides of the aisle are touting the first half of funding package as a win, though for different reasons. Meanwhile, Republicans are trumpeting victories on veterans' gun ownership and funding cuts to government agencies like the Environmental Protection Agency, the Federal Bureau of Investigation and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Between now and the end of the week, the House must quickly pass and send the Senate this bipartisan package," Schumer said Sunday.

Persons: Charles Schumer, Mike Johnson, Chuck Schumer, Biden's, Schumer Organizations: U.S, Capitol, Congressional, Sunday, Congress, Democrats, Environmental Protection Agency, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, Republicans, House, Caucus, Republican

☆ Biden to meet with Speaker Johnson, Sen. Schumer on Ukraine, Israel aid as shutdown looms
▼ + stars: | 2024-01-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden will host Speaker Mike Johnson and Senate Majority Leader Chuck Schumer at the White House Wednesday afternoon to discuss his deadlocked supplemental funding bill for aid to Israel and Ukraine. Other leaders on the invite list are Republican Senate Minority Leader Mitch McConnell and Democratic House Minority Leader Hakeem Jeffries. "I'm going to tell the President what I'm telling all of you and we've told the American people: border, border, border," Johnson told reporters Wednesday. Biden initially requested a $105 billion supplemental funding package from Congress in October to aid Israel and Ukraine in their respective wars, along with securing Taiwan's defense systems and the U.S. southern border. Recent congressional squabbles have led to a near government shutdown, the ousting of former House Speaker Kevin McCarthy and Congress' holiday recess being cut short.

Persons: Charles Schumer, Mike Johnson, Joe Biden, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, we've, Johnson, Biden, Kevin McCarthy, McCarthy, Chip Roy, John Kirby, Antony Blinken Organizations: U.S, Capitol, White, Democratic, Congressional, Democrats, Conservative, National Security, Ukraine, Economic Locations: Israel, Ukraine, U.S, Russian, Texas, Davos, Switzerland

☆ Demonstrators in Washington back Israel, denounce antisemitism
▼ + stars: | 2023-11-14 | by ( Jonathan Landay | ) www.reuters.com time to read: +5 min

[1/4] Israeli Americans and supporters of Israel gather in solidarity with Israel and protest against antisemitism, amid the ongoing conflict between Israel and the Palestinian group Hamas, during a rally on the National Mall in Washington, U.S, November 14, 2023. REUTERS/Leah Millis Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - Tens of thousands of demonstrators gathered in Washington on Tuesday for a "March for Israel" to show solidarity with Israel in its war with Hamas and condemn rising antisemitism. We will fight for Israel. Underscoring support in the U.S. Congress for Israel, busloads of senators and members of the House of Representatives attended the pro-Israel rally. Those perpetrating the poison of antisemitism and bigotry around the world are trying to scare us," Schumer said.

Persons: Israel, Leah Millis, Marco Abbou, Israel —, ” Natan Sharansky, We'll, Sharansky, ”, Ariel Ben, Chitrit, Biden, busloads, Charles Schumer, Schumer, Erica Taxin, “ didn’t, Isaac Herzog, Herzog, Neturei, Jonathan Landay, Patricia Zengerle, Simon Lewis, Daphne Psaledakis, Daniel Wallis Organizations: Palestinian, Hamas, REUTERS, Rights, Israel, Jewish Agency, Soviet Union, U.S ., U.S, Congress, Representatives, Democratic, Authorities, Arms, Reuters, Thomson Locations: Israel, Washington , U.S, Washington, U.S, Hackensack , New Jersey, Gaza, United States, Soviet, rearm, Herndon , Virginia, Philadelphia, America

☆ Meet 4 newly promoted Goldman MDs, including a top advisor to Silicon Valley's VCs and the investment bank's talent whisperer for boards
▼ + stars: | 2023-11-06 | by ( Emmalyse Brownstein | Dakin Campbell | ) www.businessinsider.com time to read: +10 min

Last week, Goldman Sachs inducted 608 employees into its exclusive "MD" club. But the investment bank still made a strong showing. Close to half of the new MDs work for Goldman's all-important global banking and markets (GBM) division, which houses the investment bank. Plus, it's one step removed from partner, which is the highest title at the prestigious investment bank below the C-Suite. Last week, she was one of the 186 women to be promoted to managing director at Goldman Sachs.

Persons: Goldman Sachs, David Solomon, Goldman, There's, Chuck Schumer, Michael Bloomberg, Ilana Wolfe, Goldman Sachs Ilana Wolfe, Goldman who's, Wolfe, Stephanie Cohen, what's, She's, Fereshteh Abbasi, wasn't, Fereshteh Abbabi, Abbabi, Abbasi, I've, Matt Margolin Goldman Sachs Matt Margolin, Matt Margolin, Charles Schumer, — Margolin, Mangolin, Bank of America Merrill Lynch, VCs, Margolin, Jane Mandel Goldman Sachs Jade Mandel, Jade Mandel Organizations: Global Banking, Markets, CDC, Wealth Management, University of Pennsylvania, Stanford, Bloomberg, Bank of America, Barclays, Goldman, Goldman ' San, Asset Management Venture Capital, Growth, Equity Fund, Equity Locations: Solomon, Silicon Valley, Iran, New York, New York City, Goldman ', Goldman ' San Francisco, China, Hong Kong, Asia, America

☆ US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Earlier this month, Exxon proposed to buy Pioneer Natural Resources (PXD.N) for $60 billion and Chevron agreed to acquire Hess (HES.N) for $53 billion. The Democratic Senate leader said in a letter that the two of the largest oil and gas deals of this century are "likely to harm competition." Chevron and Exxon have accumulated huge profits from strong energy prices and demand since Russia's invasion of Ukraine. The oil industry last went through an era of major consolidation in the late 1990s when Exxon, Shell (SHEL.L), BP (BP.L) and France's TotalEnergies (TTEF.PA) merged with rivals to create huge integrated companies. The acquisitions followed a collapse in oil prices that weakened many companies.

Persons: Dado Ruvic, Charles Schumer, Hess, Schumer, France's, Tanay Dhumal, Arunima Kumar Organizations: ExxonMobil, Pioneer, REUTERS, U.S, Wednesday, U.S . Federal Trade Commission, Exxon Mobil, Chevron Corp, Exxon, Natural Resources, Chevron, Democratic, Shell, BP, FTC, Big, Thomson Locations: Ukraine, United States, Bengaluru

☆ Laphonza Butler’s ascent to the Senate is a key moment for Black LGBTQ representation, advocates say
▼ + stars: | 2023-10-10 | by ( Chandelis Duster | ) edition.cnn.com time to read: +8 min

“It’s about time,” Franco-Clausen, co-chair of the National Black Justice Coalition’s Good Trouble Network, an initiative that aims to advance policies that benefit the Black LGBTQ+ community, told CNN. She is currently the only Black woman serving in the Senate, and the third ever to serve in the chamber. But Franco-Clausen said she hopes the California senator will usher in a new era of representation. Among Democrats, 52 Black women have served in the House and three have served in the Senate. David Johns, the executive director of the National Black Justice Coalition, said he believes Butler’s presence in the Senate is reflective of the work of previous Black LGBTQ+ political leaders.

Persons: CNN — Shay Franco, Clausen, Laphonza Butler, Franco, Sen, Dianne Feinstein, “, ” Franco, Coalition’s, Butler, ”, Kamala Harris –, Feinstein, Gavin Newsom, Charles Schumer, Alex Padilla, Tom Williams, Feinstein … Laphonza, “ Sen, Dianne Feinstein’s, ” Butler, Adam Schiff, Katie Porter, Barbara Lee, Hillary Clinton’s, Kamala Harris ’, who’s, Arnulfo De, Arnulfo De La Cruz, “ Laphonza, Laphonza, Shirley Chisholm, Melanie Campbell, David Johns Organizations: CNN, National Black, Network, Senate, San Francisco, of Supervisors, Committee, Senate Intelligence, Inc, Getty, Washington , D.C, Democratic, Congressional Black Caucus, House Democratic, Jackson State University, University of California, Regents, National Children’s Defense, Service Employees International Union, SEIU, Center for American Women, Republican, Victory, National Coalition, Black, National Black Justice Coalition Locations: California, D, Washington ,, Mississippi, Arnulfo De La, Congress

Senate Majority Leader Charles Schumer, D-N.Y., conducts a news conference after the senate luncheons in the U.S. Capitol on Wednesday, June 21, 2023. Senate Majority Leader Chuck Schumer, D-N.Y., has quietly made changes to the Senate's informal dress code to allow senators to wear whatever they want on the floor, one person with direct knowledge told NBC News. The change would let Sen. John Fetterman, D-Pa., who is often seen wearing a hoodie and baseball shorts, wear his casual attire on the Senate floor whenever he wants. Fetterman, who was elected during last year's midterm elections, was seen wearing a suit and tie during his swearing-in in January. However, the senator has worn his casual clothes after he returned to the Senate following treatment for clinical depression earlier this year.

Persons: Charles Schumer, Chuck Schumer, Sen, John Fetterman, Fetterman Organizations: U.S, Capitol, NBC News

☆ Popular Prime energy drink by Logan Paul that exceeds Canada’s caffeine limits to be recalled
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: +2 min

Various flavors of the energy drink Prime for sale in a shop window on 9th March 2023 in London, United Kingdom. A caffeinated energy drink being promoted by American social media influencers is set to be recalled in Canada. Health Canada said Wednesday that at 200 milligrams of caffeine per can, Prime Energy exceeds the regulator's acceptable caffeine limit of 180 milligrams per serving and should not be sold. Health Canada said it's aware that some shops may be selling Prime Energy — which is different from the widely available Prime Hydration drink — without approval. Prime Hydration is the non-caffeinated and bottled version of the canned beverage Prime Energy.

Persons: Sen, Charles Schumer, Logan Paul, Coke Organizations: Health Canada, Prime Energy, Sunday, Food and Drug Administration, YouTube, Energy, Canadian Food Inspection Agency, Health, Red Bulls, FDA Locations: London, United Kingdom, American, Canada, U.S, Health Canada, Australia

☆ Deputy US Transportation chief expected to be FAA’s interim leader
▼ + stars: | 2023-06-04 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, June 4 (Reuters) - Deputy U.S. Transportation Secretary Polly Trottenberg is expected to be named Federal Aviation Administration's (FAA) next interim leader, two sources told Reuters on Sunday. Acting FAA administrator Billy Nolen is expected to leave the agency on Friday, officials told Reuters last week. The National Transportation Safety Board is investigating six runway incursion events since January including some that could have been catastrophic. Reuters earlier reported that Nolen is expected to take a position with electric air taxi firm Archer Aviation (ACHR.N) after he leaves the FAA. The FAA, White House and Transportation Department did not respond to requests for comment.

Persons: Polly Trottenberg, Billy Nolen, Trottenberg, Nolen, Barack Obama, Charles Schumer, Phil Washington, David Shepardson, Kanjyik Ghosh, Diane Craft Organizations: U.S, Transportation, Federal Aviation, FAA, Sunday, Street Journal, Reuters, United, National Transportation Safety, Archer Aviation, New York City’s, U.S . Senate, Denver International, White House and Transportation Department, Thomson Locations: United States, U.S, New York, Washington, Bengaluru

☆ Cramer: This is my game plan for the week ahead after Friday's surprise rally
▼ + stars: | 2023-06-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It was the compromise debt limit deal — not the employment number — that caused the market to rally. The shorts were correct to press their bets if there was no debt deal and we got an employment number that was a steamer. A short squeeze happens when short sellers having to buy stocks to cover their short positions, pushing prices higher. I say no, no more than you needed in 2011, when the debt ceiling deal led to a fantastic rally because Armageddon was avoided. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Dow, Kevin McCarthy couldn't, Charles Schumer wasn't, Joe Biden lamely, McCarthy, Biden, Ronald Reagan, Tip O'Neil, Chris Matthews, Jerome Powell, Jim Umpleby, Sanford Bernstein, FANG, it's, Locker, Estee Lauder, Fabrizio Freda, Mary Dillon, Emerson, hasn't, Jeff Marks, LULU, Powell, battlegrounds, Johnson, Jim Cramer's, Jim Cramer, Jim, Joe Biden, Kevin McCarthy, Patrick's, Saul Loeb Organizations: Republican, Assistance, Microsoft, Apple, Nvidia, Caterpillar, Fed, Emerson Electric, Devices, GE Healthcare, Jim Cramer's Charitable, CNBC, US, AFP, Getty Locations: United States, China, California, St, Washington ,

☆ Harvey Pitt, S.E.C. Chair Who Resigned Amid Scandals, Dies at 78
▼ + stars: | 2023-06-02 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

Harvey Pitt, a legal wunderkind who lasted just 18 months as chairman of the Securities and Exchange Commission under President George W. Bush, died on Tuesday in Washington. His death, in a hospital, came after a sudden illness, according to his family, which did not specify the ailment. Mr. Pitt’s career had three consecutive legs, any one of which alone might have been the pinnacle on a lesser résumé. He began his career at the S.E.C. After only three years, he left to represent corporate clients for the powerful law firm Fried Frank.

Persons: Harvey Pitt, George W, Bush, Pitt’s, Fried Frank, Sen, Charles Schumer, Pitt Organizations: Securities and Exchange Commission Locations: Washington, firm’s Washington, New York, U.S

of OpenAI, Sam Altman has become one of the most prominent evangelists for the next generation of artificial intelligence offerings. ChatGPT, his company’s most notable product, has captured the public’s imagination like no tech product has in years, inspiring hopes and fears about its transformative powers. :Lawmakers in both parties have stressed the importance of reining in the rapidly growing technology, which can now generate realistic-sounding text and images and computer code. executives, including Mr. Altman, as the Biden administration said it supported legislative efforts to create new rules and government investment. Mr. Altman has been frank about the potential dangers of A.I.

☆ Opinion | Dianne Feinstein Has to Act
▼ + stars: | 2023-05-05 | by ( The Editorial Board | ) www.nytimes.com time to read: +2 min

Without Senator Dianne Feinstein, there might never have been an assault weapons ban in 1994. Or the Gun-Free Schools Act of 1994. Her absence is a failure that deprives American voters of full representation on legislation and appointments that will affect them for decades to come. (Proxy voting is allowed in the committee, but a proxy cannot be the decisive vote if the committee is otherwise evenly divided, as it often is.) Ms. Feinstein offered to step away from the committee, but Republican senators blocked any effort at appointing a temporary replacement.

☆ The cost of insuring against a US default hits an all-time high as debt ceiling deadline looms
▼ + stars: | 2023-05-04 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

The insurance cost against a US default hit a fresh high Thursday as lawmakers wrangle over raising the debt ceiling. One-year US government credit default swaps traded at 152 basis points. One-year US government credit default swaps traded at 152 basis points, surpassing trades above 134 in late April when those derivatives were the costliest since the 2008 global financial crisis. Buyers of credit default swaps, or CDS, seek insurance against a borrower that may not meet its debt-payment obligations. The bill offered to lift the debt ceiling in exchange for government spending cuts of roughly 8% in 2024, among other terms.

Introduction to the Schumer BoxWhat Is a Schumer Box? It's called the Schumer Box after New York Senator Charles Schumer who championed the legislation that did away with much of the fine print. How to Read a Schumer BoxIt can still be tricky to find (and comb through) a Schumer Box. Interpreting Interest Rates and FeesNow that you've found the Schumer Box, and are able to easily read it, start by looking at the card's interest rates. Applying the Schumer Box in Real LifeTips for Credit Card ComparisonWhen you're comparing credit card options, the Schumer Box offers a deeply comprehensive breakdown of what you can expect with each issuer.

Persons: Schumer, —, It's, Charles Schumer, Read, you've, haven't Organizations: Service, New Locations: United States

On Friday, Trump, who was not charged in his company's case, lashed out at Merchan on his Truth Social platform. "The Judge 'assigned' to my Witch Hunt Case, a 'Case' that has NEVER BEEN CHARGED BEFORE, HATES ME," wrote Trump, who has launched a campaign to regain the presidency in 2024. Merchan has been a Manhattan criminal court judge since 2009 after prior stints on the state's Court of Claims, which hears cases against the state and its agencies, and family court in the Bronx. Merchan presided over the 2012 case of the so-called "Soccer Mom Madam" Anna Gristina, which garnered lurid headlines in the New York media. Gristina sued Merchan in 2021 to unseal records in her case as part of an effort to vacate her record.

☆ Chick-fil-A is opening a break room for New York food delivery drivers to get coffee or use the restroom between orders, addressing some of the biggest complaints about the job
▼ + stars: | 2023-02-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Chick-fil-A is opening a pop-up break room in New York City for delivery drivers. To get access, delivery drivers just need to show proof that they've completed any food delivery, not just a Chick-Fil-A delivery, within the past week for DoorDash, UberEats, Grubhub, Postmates, Caviar, or Seamless. By providing these services, Chick-fil-A is offering a solution to some of the biggest complaints delivery drivers have about their jobs. Some delivery drivers even say they carry plastic bottles to pee in while working. The lack of facilities for New York's estimated 65,000 food delivery drivers has been an ongoing discussion for some time.

As House Speaker Nancy Pelosi said herself, quoting scripture on the House floor Thursday: “For everything there is a season — a time for every purpose under heaven.”For Pelosi, the season to be leader of House Democrats has passed. She’ll continue to represent San Francisco while serving as an invaluable source of guidance and resolve for the next generation of House Democratic leaders. At 82, Pelosi is a historic figure, of course: the first female House speaker and one of the strongest speakers, if not the strongest, that America has ever seen. Yet as a minority in a GOP-run House, Democrats won’t be able to rack up accomplishments like they did in the last two years. There were calls for Pelosi to step aside in 2010 when Democrats lost 60 House seats — a true wipeout.

Speaker of the House Nancy Pelosi, House Majority Leader Steny Hoyer, and Senate Majority Leader Charles Schumer at the Capitol in Washington, D.C. on Jan. 6, 2021. “Thank you very much, Mr. vice president,” Pelosi says on the call. “Good news.”Trump privately knew he had lostPublicly, Trump insisted he was being robbed of an election he won. The president told chief of staff Mark Meadows “something to the effect of, 'I don’t want people to know we lost, Mark. “Claims that President Trump actually thought the election was stolen are not supported by fact and not a defense,” Cheney said.

☆ Jan. 6 committee shows video footage of congressional leaders pleading for help during attack
▼ + stars: | 2022-10-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +5 min

WASHINGTON — The House select committee investigating the Jan. 6 insurrection presented previously unseen video Thursday of congressional leaders pleading for help from governors, the acting secretary of defense and the acting attorney general as rioters attacked the Capitol. The video montage began with House Speaker Nancy Pelosi, D-Calif., walking through the Capitol flanked by security guards at 2:23 p.m. The video from Thursday's hearing shows Pelosi and other congressional leaders repeatedly asking for help from law enforcement. Sen. Dick Durbin of Illinois, the Democratic Senate whip, appeared in another clip with leaders. "What we are being told very directly is it’s going to take days for the Capitol to be OK again," Pelosi told Pence.

Patient advocates were disappointed with Sunday’s vote — Republican senators blocked the $35 insulin cap for private insurers — and expressed hope that federal and state measures could be included in legislation down the road. Clayton McCook of Edmond, Oklahoma, is among those who support capping the cost of insulin for people with private health insurance. A federal insulin cap for private insurance would have made “a huge difference to our family,” he said. “This year, with an evenly divided Senate, the insulin cap for people with private insurance didn’t secure enough votes,” Neuman said. McCook also advocated for changes besides a cap on insulin costs, saying Congress pass legislation that would lower the list price.

Search resuls for: "Charles Schumer"

23 mentions found