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The strikes are doing serious damage to Russia's oil and gas sector. Bloomberg reported that Russia's oil refining is at an 11 month low. AdvertisementBloomberg earlier this week reported that Russia's oil refining is at an 11-month low because of flooding and Ukraine's drone campaign. Ukraine's attacks on Russian oil depots are one of the few bright spots in its war in recent months. "Future Ukrainian drone strikes may disable and disrupt more of Russia's refining capacity and inflict critical constraints on Russian refining that begin to substantially impact Russia's production of distillate products," the analysts said.
Persons: , Joe Biden's Organizations: Bloomberg, Service, AFP, Metallurgical, The Locations: Ukraine, Russia, Russia's Smolensk, Lipetsk, Russia's, Ukraine's, US
Trump's lawyers say a president can get away with crimes if Congress doesn't find out about it while they're in office. If a president leaves before Congress can impeach and convict, they're home free, Trump's lawyers say. Related storiesIn oral arguments Thursday, Justice Amy Coney Barrett asked what would happen if potential criminal conduct wasn't discovered until after a president already left office. "What if the criminal conduct isn't discovered until after the president is out of office, so there was no opportunity for impeachment?" Smith didn't bring his indictment against Trump until the summer of 2023 — more than two years after Trump left office.
Persons: doesn't, they're, , It's, Donald Trump, Trump's, John Sauer, don't, Trump, Jack Smith's, Amy Coney Barrett, wasn't, isn't, Sauer, Antonin Scalia, Smith didn't, Joe Biden's Organizations: Supreme, Service, US, US Senate, Trump
The first rule requires airlines to be more transparent about extra fees. The second rule requires airlines to issue cash refunds automatically, rather than in response to customer requests. It will require that airlines list and explain all extra fees "clearly, conspicuously, and accurately" on their web platforms or when they provide fare prices offline. The new airline rules are the latest action in President Joe Biden's broader battle against what the White House calls "corporate rip-offs." "There are tens of billions of dollars in other junk fees across the economy, and I've directed my administration to reduce or eliminate them," Biden said in 2022.
Persons: Biden, Pete Buttigieg, Buttigieg, Joe Biden's, I've Organizations: Department of Transportation, Boeing, Alaska Airlines, United, White House Locations: Southwest
Independent presidential candidate Robert F. Kennedy Jr.'s large family keeps speaking against him. Kennedy, whose campaign could hurt Donald Trump's reelection chances, brushed it off in a lengthy social media post highlighting his affection for them. "I hear some of my family will be endorsing President Biden today," Kennedy posted. And we love our president," Christopher Kennedy told Politico shortly after RFK Jr. decided to run as an Independent. Many of his relatives haven't been nearly as kind when speaking out against Kennedy, as seen below:
Persons: Robert F, Kennedy Jr, Joe Biden, Biden's, , Joe Biden's, Biden, Kennedy, Donald Trump's, Christopher Kennedy, haven't Organizations: Service, Democratic, Politico, RFK Jr Locations: Philadelphia
The Senate passed a bill to provide aid to Ukraine, Israel, and Taiwan — and force a sale of TikTok. Republicans opposed the Ukraine aid, while some Democrats took issue with Israel aid. Republicans generally voted against the package because of their long-standing opposition to Ukraine aid, while Democrats opposed the bill over the lack of conditions on Israel aid. AdvertisementThat included a vote on a nearly $61 billion Ukraine aid bill, a more than $26 billion Israel aid bill, Taiwan aid, and a bill that combined an amended version of a previously approved TikTok bill that was combined with a bill allowing the US to seize Russian assets to pay for Ukraine aid. Related stories37 House Democrats voted against Israel aid, while 112 House Republicans voted against Ukraine aid.
Persons: , Joe Biden's, Mike Johnson, Donald Trump, Sen, Lindsey Graham of, Bernie Sanders, Vermont Jeff Merkley, Oregon Peter Welch of Organizations: Service, Republicans, Ukraine, Democratic, Republican Locations: Ukraine, Israel, Taiwan, Lindsey Graham of South Carolina, Vermont, Oregon, Oregon Peter Welch of Vermont
Read previewAhead of a final Senate vote to send Ukraine aid to President Joe Biden's desk, Sen. Tommy Tuberville made one last stand against it. Paul has long been an opponent of Ukraine aid, while Scott said in a statement on Tuesday that he supports the bill. The more than $61 billion in Ukraine aid was wrapped up in a larger $95 billion package that included more than $14 billion for Israel, $9 billion in humanitarian aid, aid for Taiwan, and a bill to force a sale of TikTok. AdvertisementThe Alabama senator has long been an opponent of Ukraine aid. In May 2022, he was one of just 11 Republican senators to vote against a $40 billion aid package for the country.
Persons: , Joe Biden's, Sen, Tommy Tuberville, Tuberville, It's, Sens, Rand Paul of Kentucky, Tim Scott of, Paul, Scott, Katie Britt, Tuberville's, Vladimir Putin, Donald Trump Organizations: Service, Alabama Republican, Republican, Business, Democratic Locations: Ukraine, Russia, Tim Scott of South Carolina, Tuberville's Alabama, Israel, Taiwan, Alabama, Soviet Union
Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. The FTC estimates that 30 million American workers, or roughly 18%, are currently subject to a noncompete. The FTC initially proposed the noncompete ban in January 2023. Meanwhile, business trade groups claim that noncompetes help preserve intellectual property and company secrets.
Persons: Lina Khan, Joe Biden, Joe Biden's, Biden Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Federal, U.S . Chamber of Commerce, Workers, FTC, Department, DOJ Locations: Washington ,, U.S
US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. The aid package is narrowerBiden's 2020 campaign promise to erase student debt was thwarted at the Supreme Court in June. Biden had tried to forgive the debt of nearly all 40 million federal student loan borrowers, with many people getting up to $20,000 in cancellation. As a result, for critics of broad student loan forgiveness, Biden's new plan looks a great deal like his first. Biden's first forgiveness plan was based on the Higher Education Relief Opportunities for Students Act, or HEROES Act, of 2003.
Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, Biden didn't, Biden, who've, Biden's, Andrew Bailey, X, Bailey, There's, didn't, John Roberts, Lyndon B, Johnson, Sen, Elizabeth Warren, Warren Organizations: Madison Area Technical College, AFP, Getty, U.S . Department of Education, Republican, Higher, Higher Education, Act, Biden, ., of Education Locations: Madison , Wisconsin, Missouri, . Nebraska
TikTok spent over $4.5 million this year on a television and digital ad campaign pushing back on legislation that could ban the app, according to data from AdImpact. The Senate first passed a procedural vote on a foreign aid package that contains the new TikTok legislation. It marks the most Urban's firm, LGL Advisors, has been paid by ByteDance in a given quarter, according to federal lobbying data. The most ByteDance previously spent on lobbying in the first quarter was in 2023 for over $1.8 million, according to data from OpenSecrets. ByteDance and TikTok spent over $8 million on lobbying in 2023.
Persons: ByteDance, TikTok, Joe, doesn't, David Urban Organizations: National Security Council, Management, Budget, U.S . Trade, U.S, Senate, LGL Advisors, ByteDance Locations: China, United States, Washington, OpenSecrets
Conventional wisdom suggests that RFK Jr.'s presidential campaign could stop Biden from reelection. Biden leads Trump in an NBC News survey when third-party candidates are in the mix. AdvertisementFormer President Donald Trump's allies may end up regretting Robert F. Kennedy Jr.'s long shot presidential campaign. In the survey, NBC found that a greater share of Trump voters flock to the noted vaccine skeptic's campaign when their presidential choices are expanded beyond just Trump and Biden. Trump leads Biden by 2 points (within the margin of error) in a two-on-two rematch, but the advantage flips to Biden by the same margin when the field is expanded to Biden, Trump, Kennedy, Jill Stein, and Cornel West.
Persons: Biden, Trump, , Donald Trump's, Robert F, Kennedy Jr, Kennedy, Joe Biden's, Jill Stein, Cornel West, Timothy Mellon, Mike Pence, Democrat — Organizations: RFK Jr, NBC, Service, NBC News, Trump, Biden, Kennedy, GOP, New, Democratic Party, The New York Times, Democrat, Democratic Locations: New York, The
Opening remarks for Trump's hush money trial are set to begin Monday. His mouth going slack and his head drooping onto his chest" during the first day of his New York hush money trial. Mary Trump has been a longtime and fervent critic of her renowned relative. The jury for Trump's hush money trial was selected this week, with opening remarks expected on Monday. Donald Trump at the defense table in his Manhattan hush money trial with attorney Emil Bove.
Persons: Trump's, swiped, Mary Trump, narcolepsy, , Donald Trump's, she's, Joe Biden's, Trump, Sleepy Don, Biden, Joe, he's, Stormy Daniels, Donald Trump, Emil Bove, Jane Rosenberg Organizations: Service, New York Times, Republican, Reuters Locations: York, New York, Manhattan
The Pentagon is expediting preparation for a military aid package, awaiting Senate approval. The $95 billion aid bill, expected to pass next week, designates $60 billion for Ukraine. AdvertisementThe Pentagon could rush vital air defense weapons and artillery shells to Ukraine within days if the military aid bill clears the Senate as expected and receives President Joe Biden's signature, said the Department of Defense. The bill is widely expected to pass the Senate in the coming days. Diego Herrera Carcedo/Anadolu Agency via Getty ImagesThe new aid package addresses critical shortages of Ukrainian units, including 155 mm ammunition for NATO-standard artillery systems and medium-range rocket artillery.
Persons: , Joe Biden's, Biden, Diego Herrera Carcedo, Volodymyr Zelenskyy, Pat Ryder, Jens Stoltenberg Organizations: Pentagon, Service, Department of Defense, Washington Post, Republican Party, Anadolu Agency, Getty, NATO, Guardian, Officials, Pentagon Press, Air Force Locations: Ukraine, Israel, Asia, Russia, Ukrainian, Donetsk Oblast, Washington, Avdiivka, Russian
After its midnight deadline, the Senate voted early Saturday to reauthorize a key U.S. surveillance law after divisions over whether the FBI should be restricted from using the program to search for Americans' data nearly forced the statute to lapse. The legislation approved 60-34 with bipartisan support would extend for two years the program known as Section 702 of the Foreign Intelligence Surveillance Act. "If you miss a key piece of intelligence, you may miss some event overseas or put troops in harm's way," Sen. Marco Rubio, the top Republican on the Senate Intelligence Committee, said. One of the major changes detractors had proposed centered around restricting the FBI's access to information about Americans through the program. "I think that is a risk that we cannot afford to take with the vast array of challenges our nation faces around the world," Democratic Sen. Mark Warner, chair of the Senate Intelligence Committee, said Friday.
Persons: Chuck Schumer, Alejandro Mayorkas, Joe Biden's, Jake Sullivan, Biden, Ayman al, Sen, Marco Rubio, shouldn't, General Merrick Garland, Garland, Schumer, Dick Durbin, Durbin, Democratic Sen, Mark Warner Organizations: Homeland, U.S, Capitol, Foreign Intelligence, White House, FISA, Republican, Senate Intelligence, Justice Department, United, Justice, Biden, U.S . Capitol, Democratic Locations: Washington , U.S, U.S, harm's, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden's push for more Chinese steel tariffs is a political decision, not an economic one: AnalystDeborah Elms, head of trade policy at the Hinrich Foundation, discusses U.S. President Joe Biden's push to triple tariffs on Chinese steel and aluminum.
Persons: Deborah Elms, Joe Biden's Organizations: Foundation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic impact of U.S. tripling tariffs on Chinese steel would be minimal: China Beige BookShehzad Qazi, chief operating officer of China Beige Book International, discusses U.S. President Joe Biden's push to triple tariffs on Chinese steel and aluminum.
Persons: Qazi, Joe Biden's Locations: China
President Joe Biden's top economic advisor said Thursday that the White House will "make sure gas prices remain affordable" when asked whether the administration would consider tapping the Strategic Petroleum Reserve. We'll continue to monitor closely and want to make sure that those gas prices remain in current ranges," Brainard said. U.S. crude oil hit a high of $87.67 per barrel this year before pulling back to around $83 a barrel. The White House is keeping a close eye on "geostrategic risk" in the Middle East, Brainard said. Daniel Yergin, vice chairman of S&P Global, said oil prices above $90 presents a problem for the broader market.
Persons: Lael Brainard, Joe Biden's, Brainard, Biden, Lloyd Austin, John Podesta, Tuesday Biden, , Daniel Yergin, It's, Yergin, CNBC's Organizations: AAA, Summit, Strategic Petroleum Reserve, JPMorgan, Brent, P Global Locations: East, Eastern Europe, Israel, Ukraine, Iran
She was the first of the prospective jurors who were challenged by Trump's defense team on Tuesday over their "anti-Trump" social media. AdvertisementThe prospective juror, identified only as "B-133," had clearly "attended an "anti-Trump rally," defense lawyer Susan Necheles protested. When it was released in 2016, the clip was shared on the Facebook account of the husband of prospective juror B-330. "I would have to say that politically, yes, I do," the prospective juror answered. "Boys request to return to cave"The final prospective juror questioned on their social media posts was a retired grandmother from Manhattan's Lower East Side.
Persons: , Trump, Mark Ruffalo, Donald Trump's, Juan Merchan deadpanned, Todd Blanche, who'd, Joe Biden's, Susan Necheles, Joshua Steinglass, stammered, Blanche, he'd, DJT, Donald Trump, Robert Downey Jr, Neil Patrick Harris, Donald Trump …, sheepishly, Barack Obama, Trump's, Steinglass, Biden, Harris, Blanche complainingly, Blanche huffed Organizations: Service, Trump, Business, Yorkers, Facebook, Economic Development Corporation, Biden, Thai, White, Republicans Locations: New York City, Midtown, Manhattan's, Thailand, Trump
US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Biden administration has published its new student loan forgiveness proposal, putting it on the path to start clearing debt for millions of borrowers this fall. Outstanding federal education debt in the U.S. stands at around $1.6 trillion, and burdens Americans more than credit card or auto debt. Here's what to know about Biden's new relief plan. More than 25 million federal student borrowers owe more than they originally borrowed, according to the Biden administration.
Persons: Joe Biden, Andrew Caballero, Reynolds, Biden, Joe Biden's, FAFSA, haven't Organizations: Madison Area Technical College, AFP, Getty, U.S, Supreme, U.S . Department of Education, Consumer, Finance, Harvard, Education Department, Education Locations: Madison , Wisconsin, U.S
Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML's net sales fell in the middle point of the company's guidance. ASML on Monday said first-quarter profit beat expectations while sales missed forecasts, with the company sticking to its full-year outlook. ASML has previously said it expects net sales for 2024 to be similar to 2023 and reiterated this projection on Monday. ASML previously said that export restrictions would impact 10% to 15% of China sales this year.
Persons: Joe Biden's, ASML, Peter Wennink, ASML's bullishness, Roger Dassen Organizations: Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: Netherlands, China, U.S, America
Homeland Security Secretary Alejandro Mayorkas testifies before the House Homeland Security Committee about the Biden Administration's FY2025 budget request in the Cannon House Office Building on Capitol Hill on April 16, 2024 in Washington, DC. Senators voted to dismiss both articles of impeachment and end the trial, with Democrats arguing that the articles were unconstitutional. Still, Republicans similarly moved to dismiss former President Donald Trump's second impeachment trial in 2021, weeks after the Jan. 6, 2021, attack on the Capitol. Johnson had said he would send them to the Senate last week, but he punted again after Senate Republicans said they wanted more time to prepare. The impeachment trial is the third in five years.
Persons: Alejandro Mayorkas, Joe Biden, impeaching Mayorkas, Mike Johnson, Mayorkas, Schumer, Chuck Schumer, William McFarland, Kevin F, Mark Green, Marjorie Taylor Greene, Michael McCaul, Clay Higgins, Ben Cline, Andy Biggs, Michael Guest, Laurel Lee, Harriet Hageman, Andrew Garbarino, Pfluger, Democratic Sen, Patty Murray, Murray, Missouri Sen, Eric Schmitt, Mitch McConnell, McConnell, Donald Trump's, McConnell —, Trump, Johnson, he's, I'm, Joe Biden's, Donald Trump Organizations: Homeland, House Homeland Security, Biden, Cannon, Republicans, House Republicans, Democrats, , Republican, of Homeland, Democratic, National Archives, Capitol, Senate, Democrat, Tennessee Rep, Congress Locations: Washington , DC, Mexico, U.S, WASHINGTON, Texas, Washington, Missouri, Ky, New York, New York City, Ukraine, Mayorkas
On Wednesday, Senate Democrats voted to declare as unconstitutional both articles of impeachment against Department of Homeland Security Secretary Alejandro Mayorkas — effectively ending the trial. It put a swift end to what had been a monthslong process by House Republicans, championed originally by Rep. Marjorie Taylor Greene of Georgia. Democrats agreed with Schumer's move, effectively rendering the articles moot and the trial over before House Republicans could present their case. Senate Republicans were also unsuccessful in their effort to pressure vulnerable Democrats to back their push for a longer trial. Greene forced her colleagues to vote on moving forward with Mayorkas' impeachment last November.
Persons: , Alejandro Mayorkas —, Marjorie Taylor Greene, Sen, Lisa Murkowski, Mitt Romney, he's, Chuck Schumer, Schumer's, Schumer, Eric Schmitt, Ted Cruz, Mitch McConnell, Jon Tester, Montana, Mayorkas, Mike Gallagher, Wisconsin —, Joe Biden's, Donald Trump, Greene, Mark Green of Organizations: Service, of Homeland, House Republicans, Business, Senators, Missouri Republican, Republicans, Texas Republican, Senate, GOP, White House, Homeland, Democrats, House Homeland Security, Homeland Security Locations: Marjorie Taylor Greene of Georgia, Alaska, Utah, Missouri, Texas, Wisconsin, Southern, Mark Green of Tennessee
Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.
Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, , Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China
And yes, we know Cuban's tax bill won't go directly to paying for these programs, but for the sake of context, here's what his taxes could have funded. Cuban's $275.9 million contribution to the US government could fully back the department with nearly half still left over. Cuban's million could easily cover congressional paychecks and even account for President Joe Biden's $400,000 salary and Vice President Kamala Harris' $235,100 salary. So, Cuban's $275.9 million wouldn't quite be able to cover the potential three-hour DOD cost at $291,095,890.41. While $275.9 million might not seem like it would make a dent in that astronomical number, every little bit helps!
Persons: Mark Cuban, Donald Trump, , Joe Biden, Jill Biden, Joe Biden's, Kamala Harris, It's Organizations: Service, Trump, Business, Government, Fund, NTSB, Transportation Safety Board, Transportation, DOD, Department of Defense, CNBC
Biden released the draft text for his new student-loan forgiveness plan. The Education Department aims to begin implementing the relief as early as this fall. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMillions of student-loan borrowers are moving closer to President Joe Biden's new plan for debt cancellation. On Tuesday, the Education Department released its first set of draft rules for Biden's second attempt at student-debt relief after the Supreme Court struck the first plan down.
Persons: Biden, , Joe Biden's Organizations: Department, Service, Education Department, Higher, Business
I will not tolerate that," New York Supreme Court Justice Juan Merchan told Trump's lawyer, Todd Blanche, raising his voice. The warning came Tuesday afternoon, shortly after the questioning of a prospective juror over what Blanche called her "hostile" social media posts. AdvertisementBlanche suggested that the prospective juror had earlier Tuesday portrayed herself as able to be impartial. Jurors handed Trump a loss in that case, ordering him to pay Carroll more than $80 million in damages. Merchan has been keenly aware of the courtroom dynamics while interviewing prospective jurors, a process that is expected to last about two weeks.
Persons: , Donald, Juan Merchan, Todd Blanche, Blanche, Joe Biden's, Merchan, Trump, gabbing, Jean Carroll's, Carroll, Lewis Kaplan, Stormy Daniels Organizations: Service, Business, Facebook, Trump Locations: New York City
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