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☆ White House counts jobs report as a win, though inflation path – and interest rate cuts – far from certain ahead of November
▼ + stars: | 2024-05-03 | by ( Kayla Tausche | ) edition.cnn.com time to read: +4 min

Within the walls of the White House, it was seen the same way, stoking relief among officials, who said the data hewed near the team’s own targets for ideal job creation. In the wake of the latest jobs report, many market participants are now expecting the Federal Reserve to begin cutting interest rates in September, potentially easing a source of consternation for voters. Mark Zandi, an economist at Moody’s cited frequently by the White House, said certain psychological thresholds will remain important as the election approaches. In the meantime, White House officials continue to watch the data carefully and refrain from declaring victory until it bears out the trajectory the Biden administration wants to see. “The best measure of inflation is inflation,” the official told CNN.

Persons: Joe Biden, Ron Klain, “, Mark Zandi, Moody’s, ” Zandi, Biden “, ” Biden, Mandel Ngan, – Biden, Biden Organizations: CNN, Federal Reserve, White, Biden, Democratic, Reserve, Wilmington Convention, Getty Locations: Wilmington, Wilmington , North Carolina, AFP

☆ Why the Fed keeping rates higher for longer may not be such a bad thing
▼ + stars: | 2024-04-24 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

So the question is, are we going to have issues if rates remain higher for longer?" But financial markets, despite a recent 5.5% selloff for the S&P 500, have largely held up amid the higher-rate landscape. Higher rates can be a good signHistory tells differing stories about the consequences of a hawkish Fed, both for markets and the economy. Higher rates are generally a good thing so long as they're associated with growth. Futures market pricing implies a fed funds rate of 4.32% by December 2025, indicating a higher rate trajectory.

Persons: Jerome Powell, Mandel Ngan, Quincy Krosby, Krosby, Paul Volcker, David Kelly, Kelly, —, Goldman Sachs, Loretta Mester Organizations: Federal Reserve, Financial, Afp, Getty, LPL, Fed, Asset Management, Market, Cleveland Fed, European Union Locations: Washington , DC

☆ The Supreme Court is about to decide if a president can get away with committing crimes while in office
▼ + stars: | 2024-04-24 | by ( Jacob Shamsian | Brent D. Griffiths | ) www.businessinsider.com time to read: +12 min

Donald Trump is asking the Supreme Court to recognize that he had total legal immunity as president. Trump is asking the Supreme Court to grant him a sweeping immunity mandate as he runs to recapture the presidency. "This may indeed be the most important US Supreme Court case in the history of our country," he told journalists at a panel organized by the Defend Democracy Project. The Supreme Court will likely issue a decision in late April. "The Supreme Court need not stray into other questions just because Trump has made it easy for them.

Persons: Donald Trump, Jack Smith's, —, Trump, Jack Smith, Richard Nixon, David Frost, Smith, He's, Stormy Daniels, Todd Blanche, David Pecker, Tanya Chutkan, Barack Obama, Dana Verkouteren, doesn't, MANDEL NGAN, Nixon, Gerald Ford's, Ford, Leon Jaworski, indicting Nixon, Robert Ray, Bill Clinton, Monica Lewinsky, Donald Ayer, Ronald Reagan, George H.W, Bush, it's, Justice Department's, Chutkan, BRENDAN SMIALOWSKI, framers, Mark Meadows, Norm Eisen, Obama's Organizations: Service, Justice Department, Capitol, Department, Air Force, Nixon, Trump, Prosecutors, AP, Getty, Independent, Department of Justice, Defend, Justice, White House Locations: Washington , DC, Georgia, Florida, New York, Manhattan, United States, AFP, Fulton County

☆ Lessons for Baltimore: How Minneapolis recovered from its 1-35W bridge collapse 17 years ago
▼ + stars: | 2024-03-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —The collapse of the the Francis Scott Key Bridge in Baltimore on Tuesday is unfortunately not the first deadly collapse of a major interstate bridge in the US. About 140,000 cars a day traversed the I-35W bridge that once stood more than 100 feet above the Mighty Mississippi. Steve Helber/APIt’s not a complete apples to apples comparison between the I-35W bridge and the Key Bridge. The Key Bridge had about 22% of the daily traffic of the I-35W Mississippi River Bridge; however, the Minneapolis bridge was about 22% the length of the truss bridge in Baltimore. In the immediate aftermath of the Key Bridge collapse, Levinson told CNN that this event should hopefully bring attention to vulnerabilities of critical pieces of infrastructure.

Persons: Francis Scott Key, ” Christopher Phelan, Minneapolis , Minnesota Mandel Ngan, MnDOT, Nancy Daubenberger, George W, Bush, ” Phelan, Tim Walz, Steve Helber, ” Ryan Petersen, David Levinson, ”, Levinson, Feng Xie, Xie, ” Levinson Organizations: Minneapolis CNN, Twin, University of Minnesota, CNN, Getty, Minnesota Department of Transportation, NPR, US, Minnesota, Minnesota Gov, Coast Guard, Port, University of Sydney, Minneapolis Star, Transportation Planning, Technology Locations: Minneapolis, Baltimore, Mississippi, Twin Cities, Mighty Mississippi, Minnesota, Minneapolis , Minnesota, AFP, City, Lakes, Anthony Falls, Maryland, Baltimore , Maryland, Port of Baltimore, Australia

☆ When the Supreme Court overturned Roe v. Wade, it opened the floodgates for abortion-related lawsuits
▼ + stars: | 2024-03-25 | by ( Joan Biskupic | ) edition.cnn.com time to read: +19 min

CNN —The Supreme Court on Tuesday will hear its first abortion case since the 2022 reversal of Roe v. Wade and upheaval of reproductive rights in America. All the while, public regard for the Supreme Court has degenerated. Supreme Court Justice Stephen Breyer is photographed at his home in Cambridge, Massachusetts, in September 2015. Dirck Halstead/The LIFE Images Collection/Getty Images Breyer and his daughter Chloe jog with Clinton in May 1994. Mai/The LIFE Images Collection/Getty Images Breyer works in his office with his staff of clerks in June 2002.

Persons: Roe, Wade, Joe Biden, Donald Trump, Dobbs, Biden, Elizabeth Prelogar, mifepristone, Prelogar, what’s, ”, Susan B, Anthony Pro, ’, Evelyn Hockstein, Breyer, Stephen Breyer, Justice Ketanji Brown Jackson, Samuel Alito, Hodges, Trump, “, ” Breyer, Damon Winter, Stephen, Irving, Anne, Charles ., Chloe, Nell, Michael —, Joanna Breyer, Ira Wyman, Sygma, Byron White, Ruth Bader Ginsburg, John Harrington, Joanna, John Tlumacki, Bill Clinton, Clinton, Harry Blackmun, Dirck Halstead, Doug Mills, US Sen, Ted Kennedy, Laura Patterson, John Blanding, Colin Powell, George W, Bush, Mai, David Hume Kennerly, Seuss, Evan Vucci, Charles, Marcio Jose Sanchez, William Rehnquist, Clarence Thomas, David Souter, William Kennedy, Antonin Scalia, Sandra Day O'Connor, John Paul Stevens, Chip Somodevilla, John Roberts, Pablo Martinez Monsivais, Samuel Alito's, Gerald Herbert, Cole Mitguard, Mourning, Penni Gladstone, Clara Scholl, Elise Amendola, Nicholas Kamm, Michelle Obama, Barack Obama, Alex Wong, ABC's George Stephanopoulos, Heidi Gutman, Andrew Harrer, Hu Jintao, Eli, Shutterstock Breyer, Britain's Prince Charles, Mandel Ngan, Tom Williams, Carolyn Kaster, Ben Bradlee, Bill O'Leary, Pete Marovich, Stephen Colbert, Jeffrey R, Win McNamee, Elena Kagan, Neil Gorsuch, Anthony Kennedy, Sonia Sotomayor, Maureen Scalia, Andrew Harnik, Brett Kavanaugh, Amy Coney Barrett, Erin Schaff, Abraham Lincoln, George Washington, Saul Loeb, Ketanji Brown Jackson, Patrick, Fred Schilling, Matthew Kacsmaryk, Erin Hawley, GYN, … Organizations: CNN, Alabama Supreme, Republican, Food, Drug Administration, FDA, Jackson, Health Organization, District of Columbia, America, United States Conference of Catholic Bishops, Alamo Women's, Reuters, Supreme Court, Democratic, Supreme, New York Times, Harvard Law School, Appeals, First Circuit, Circuit, Getty, White House, Airport, Boston Globe, US, Suffolk University Law School, Francisco's Lowell High School, San Francisco Chronicle, Belgium's Catholic University of Louvain, Georgetown University Law Center, Administrative, Administrative Conference of, Jewish American Heritage Month, Walt Disney Television, Bloomberg, White, Office, Committee, Washington Nationals, Washington Post, Financial Services, General Government, CBS, State, The New York Times, Library of Congress, Alliance, Hippocratic, Alliance for Hippocratic, OB, Department, Justice Locations: America, New York, Carbondale , Illinois, Cambridge , Massachusetts, Maine , Massachusetts, New Hampshire, Puerto Rico, Rhode Island, AFP, San Francisco, Lowell, Washington , DC, United States

☆ What investors should know about the U.S. easing vehicle emissions rules
▼ + stars: | 2024-03-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

President Joe Biden speaks at the United Auto Workers political convention at the Marriott Marquis in Washington, D.C., Jan. 24, 2024. The new Environmental Protection Agency rules released Wednesday aim to cut tailpipe emissions by 49% between model years 2027 and 2032. The EPA set a target for EVs to make up at least 35% of new vehicle sales by 2032. The EPA's new strategy for cutting tailpipe emissions doesn't focus only on EVs. The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers could meet the emissions regulations.

Persons: Joe Biden, Saul Loeb, Biden, Emmanuel Rosner, Mary Barra, Ngan, John Bozzella, Stocks, Tesla, weren't, Chelsea Hodgkins, Martin Viecha, Chris Kapsch, Morgan Stanley, Adam Jonas Organizations: United Auto Workers, Marriott Marquis, Washington , D.C, AFP, Getty, DETROIT, Environmental Protection Agency, EPA, EV, Detroit Automotive, Wall Street, Detroit, General Motors, Ford Motor, Chrysler, capex, Deutsche Bank, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance for Automotive Innovation, United Auto Workers union, UAW, Toyota, Public Citizen, Sierra Club, Democratic, GM, Ford Locations: Washington ,, Detroit , Michigan, U.S, Detroit, Michigan

☆ ACP, a digital lifeline for millions of Americans, is in jeopardy. Here’s why
▼ + stars: | 2024-03-23 | by ( Brian Fung | ) edition.cnn.com time to read: +13 min

Cynthia George is one of millions of Americans in jeopardy of losing their home internet access. Yet Congress is nowhere close to approving the $6 billion that President Joe Biden says would renew the ACP and avert calamity for tens of millions of Americans. Courtesy Michelle McDonoughLike George, McDonough also expects she’ll have to cut back on groceries if the ACP goes away. The FCC’s Lifeline program, which dates to the Reagan administration, similarly gives low-income households a monthly discount on phone or internet service. “You’re taking ACP away from the farmers that can check the local produce prices and be able to reasonably negotiate their prices with retailers.

Persons: Cynthia George, Cynthia George George, Joe Biden, Pedro Ugarte, ”, Gigi Sohn, “, George, ” George, Michelle McDonough, McDonough, she’ll, doesn’t, “ I’m, ” McDonough, Mandel Ngan, Gary Johnson, Paul, —, Kamesha Scott, Louis, Scott, Megan Janicki, ” Janicki, Reagan, Biden, ” Blair Levin, Bill Clark, Levin, Jonathan Blaine, ” Blaine, Blaine Organizations: Washington CNN, MSN, Federal Communications Commission, Program, Lawmakers, ACP, FCC, Getty, CNN, ”, White, Comcast, George, Congress, Paul Bunyan Communications, American Library Association, Lifeline, House Republicans, New, Research, Republican, ” Lawmakers Locations: Washington ,, AFP, United States, Maine, Washington , DC, Minnesota, St, “, Lake Havasu City, Ariz, Vermont

☆ It happened again: These 20 House members, mostly Republican, voted against millions in funding for their own districts
▼ + stars: | 2024-03-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

"Ultimately, I don't control what the final language of the total funding bill will be," said Higgins. Higgins voted against the bill, despite securing $2.3 million in federal funding for an emergency operations center at the port in Morgan City, Louisiana. He was one of 20 House members — 15 Republicans and 5 Democrats — who voted against Friday's government funding bill despite securing so-called "earmarks," known officially as congressionally directed spending. Related storiesThe other 30% was contained in a separate funding bill passed roughly two weeks ago, but that bill contained far more earmarks, especially for House members. Nonetheless, 42 House members who secured earmarks voted against it anyway, 40 of whom were Republicans.

Persons: —, Clay Higgins, couldn't, Higgins, congressionally, Pramila Jayapal, Mandel Ngan, Marjorie Taylor Greene, Mike Johnson, Pramila, Jayapal, Greene, Lauren Boebert, Brian Babin, Texas Gus Bilirakis, Florida John Curtis of, Florida John Curtis of Utah Mike Ezell, Mississippi Garrett Graves, Louisiana Michael Guest, Mississippi Diana Harshbarger, Tennessee Clay Higgins, Louisiana Trent Kelly, Mississippi Burgess Owens, Utah Mike Rogers, Alabama Chris Smith of, Alabama Chris Smith of New Jersey Greg Steube, Florida Jeff Van Drew, New Jersey Randy Weber of Organizations: Service, Louisiana Republican, Business, Pentagon, State Department, Department of Homeland Security, Democratic, Seattle Public Library, Getty, Republican, Republicans, GOP, Congressional Progressive Caucus, UN Relief and Works Agency, Louisiana, Alabama Chris Smith of New, New Locations: Louisiana, Morgan City , Louisiana, AFP, Marjorie Taylor Greene of Georgia, Gaza, Washington, Colorado, Texas, Florida, Florida John Curtis of Utah, Mississippi, Utah, Alabama, Alabama Chris Smith of New Jersey, New Jersey, New Jersey Randy Weber of Texas

☆ Transcript of Biden's interview with special counsel Robert Hur shows memory lapses — but also detailed exchanges
▼ + stars: | 2024-03-12 | by ( Mike Memoli | ) www.cnbc.com time to read: +11 min

But the transcript of Biden's interview, which was reviewed by NBC News, paints a more nuanced picture on both sides. At one point, Hur acknowledged that some of the questions he would ask would "relate to events that happened years ago." According to the review of the transcript, Biden at times expanded beyond the narrow subject areas of particular questions. In his opening statement, Hur planned to defend his investigation, the final report and his treatment of Biden's age. He also noted that some of the issues he was dealing with as vice president continue today.

Persons: Robert K Hur, Jabin, Robert Hur's, Joe Biden's, Biden, Hur, Beau Biden's, Beau's, Biden Biden, Israel, it's, Joe Biden, Evelyn Hockstein, Jim Jordan, James Comer, Hur's, Bob Bauer, Bauer, Richard Sauber, Joseph R, Beau, Tom Brenner, Beau Biden, I'm, hadn't, Trump, Mandel Ngan, They're, Benjamin Netanyahu, Barack Obama's, Obama, Pope Francis, Francis Organizations: White, Washington , D.C, Washington Post, Getty Images WASHINGTON, NBC, NBC News, Trump, Hamas, Pullman, Reuters, Republican, Capitol, White House, Justice Department, Biden III National Guard / Reserve, New, Penn Biden Center, Chamber, AFP, Getty Locations: Brady, Washington ,, Mongolia, Atlanta , Georgia, U.S, Ohio, Ky, New Castle, New Castle , Delaware, Penn, Virginia, Delaware, State, Israel, Afghanistan, Iran

☆ AI is not ready for primetime
▼ + stars: | 2024-03-10 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

Generative AI tools, including ChatGPT, have been alleged to violate copyright. That’s not stopping Big Tech companies and AI firms, which continue to hook consumers and businesses on new features and capabilities. “Access to major generative AI systems in widespread use is controlled by a few companies,” said Venkatasubramanian, noting that these systems easily make errors and can produce damaging content. He believes bolder reforms may be necessary too, such as taxing AI companies to fund social safety nets. For now, current day generative AI users must understand the limitations and challenges of using products that are still quite far from where they need to be.

Persons: ”, Taylor Swift, Joe Biden, Mandel Ngan, That’s, OpenAI, Elon Musk, Elon Musk Gonzalo Fuentes, ” Suresh Venkatasubramanian, Venkatasubramanian, ” Arvind Narayanan, CNN he’s, Narayanan, “, ChatGPT, Bard –, haven’t, ” Gemini, Brian Fung Organizations: CNN, Chamber, Getty, Big Tech, Microsoft, Google, Reuters, Brown University, “, White, Office of Science, Technology, Management, Executive, Princeton, “ Tech Locations: Washington ,, AFP, New Hampshire

CNN —Hamas said Tuesday there could be no “exchange of prisoners” before a ceasefire in Gaza, as it responded to proposals from Egyptian and Qatari mediators. “Any prisoner exchange will not be completed except after the completion of all this.”Hamdan also accused Israel of stalling on reaching an agreement and warned that the negotiations would not be “open-ended” as Israel continues its offensive in Gaza. The response came just hours after US President Joe Biden said a potential ceasefire was “in the hands of Hamas” as he boarded Air Force One at Hagerstown airport. Biden said the “Israelis have been cooperating” and that a ceasefire is necessary. “We need a ceasefire,” he said, calling the deal on the table a “rational offer” and saying the Israelis had agreed to it.

Persons: ”, Osama Hamdan, ” Hamdan, Hamdan’s, Joe Biden, Biden, Mandel Ngan, Ramadan, Benjamin Netanyahu, it’s, Israel, Kamala Harris Organizations: CNN, Air Force, Hagerstown Regional Airport, Getty, Israel, Hamas, Israeli, Nations, Crisis Locations: Gaza, Beirut, “, Israel, Egypt, Qatar, Hagerstown, Hagerstown , Maryland, AFP, Jerusalem, Cairo

☆ Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
▼ + stars: | 2024-02-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.

Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora

Supporters of the state laws say they foster free speech, giving the public access to all points of view. One contrarian brief, from liberal professors, urged the justices to uphold the key provision of the Texas law despite the harm they said it would cause. “Social media platforms exercise editorial judgment that is inherently expressive,” Judge Kevin C. Newsom wrote for the panel. To the surprise of many, some prominent liberal professors filed a brief urging the justices to uphold a key provision of the Texas law. In the second case, Miami Herald v. Tornillo, the Supreme Court in 1974 struck down a Florida law that would have allowed politicians a “right to reply” to newspaper articles critical of them.

Persons: Samuel A, Alito Jr, ”, Scott Wilkens, Ron DeSantis, John Tully, Donald J, Trump, Greg Abbott of, —, Ken Paxton, “, Andrew S, Oldham, Kevin C, Newsom, Lawrence Lessig, Tim Wu of, Teachout, Mandel Ngan, Richard L, “ Florida’s, Moody, Paxton, Robins, William H, Rehnquist, Pat L, Tornillo, Warren E, Burger Organizations: Facebook, YouTube, Columbia University, Big Tech, The New York Times, Gov, Republican, Computer & Communications Industry, New York Times, Fox News, U.S ., Appeals, Fifth Circuit, ISIS, Harvard, Tim Wu of Columbia, Zephyr, Fordham, Twitter, Manchester Union, Citizens United, Agence France, University of California, Miami Herald, Florida, Representatives, Constitution Locations: Florida, Texas, Greg Abbott of Texas, Ukraine, Los Angeles, Campbell , Calif

☆ The White House says it's tracking a new Russian space weapon that violates a nuclear arms treaty
▼ + stars: | 2024-02-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The White House has confirmed that Russia is building a new weapon to be put in space. The weapon is thought to be nuclear-related, with the White House saying it would violate the Outer Space Treaty. AdvertisementThe White House confirmed on Thursday that it is monitoring Russia's development of a new weapon to be stationed in space. But the spokesperson also said the weapon would violate the Outer Space Treaty of 1967, of which Russia is still a participant. The treaty specifically bans the stationing of weapons of mass destruction in space, including nuclear arms.

Persons: it's, —, It's, John Kirby, Kirby, we've, hasn't, Mike Turner, Hakeem Jeffries, Jake Sullivan, MANDEL NGAN, Jim Himes Organizations: Service, White House, The New York Times, CNN, Center for Strategic, International Studies, US, Intelligence, GOP House, intel, National Security, Getty, Democratic, House Intelligence Locations: Russia, Ukraine, Hill, Washington ,, AFP, Jim Himes of Connecticut

☆ Analysis: The 2024 campaign gets grimmer, with Trump’s extremism on full display alongside concerns over Biden’s age
▼ + stars: | 2024-02-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +14 min

Trump is giving every impression that his second term would be even more aberrant than his first, as he vows to use presidential power to exact retribution against his enemies. While a Biden vs. Trump race would be a rematch of 2020, it would not necessarily be the same. In Trump, voters can pick an ex-president facing 91 criminal charges who has been found liable for fraud, sexual battery and defamation in court. It also offered a potential roadmap to the substance and character of his possible second term. Why the 2020 election lineup may be locked inThe renewed focus on Biden’s age is likely to open another round of speculation about whether he could be replaced on the Democratic ticket.

Persons: Joe Biden, Donald Trump, Biden, Trump, he’s, Vladimir Putin, Nikki Haley’s, crave, Robert F, Kennedy Jr, —, “ Donald Trump’s, Putin, ” Biden, Trump’s, ”, Florida GOP Sen, Marco Rubio, “ Donald Trump, ” Rubio, Charles Michel, Russia, Tucker Carlson, Manuel Balce Ceneta, Michael, He’s, Michael Haley, Nikki Haley, Arizona Sen, John McCain, Robert Hur’s, parry, Mandel Ngan, gaffes —, “, Ro Khanna, Jake Tapper, Biden’s missteps, Haley, Nancy Pelosi, he’d, Dean Phillips, Kamala Harris, Harris Organizations: CNN, Oval, Biden, Trump, NATO, White, Florida GOP, Foreign Relations, Union, European Council, GOP, ABC, Getty, ” Democratic, Democratic, Democratic Party Locations: South Carolina, Russia, NATO, Europe, miscalculations, Moscow, Ukraine, Poland, Baltic States, Florida, “ State, Russian, Conway , South Carolina, Africa, Arizona, Vietnam, Egypt, Mexico, AFP, California, reunifying

☆ India set to clock up to 8% GDP growth as it boosts manufacturing capacity, minister says
▼ + stars: | 2024-02-02 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty ImagesIndia could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. watch nowHe spoke extensively about the country's mobile manufacturing ecosystem, claiming that 99% of the phones used in India were made within the country. The country exported $11 billion mobile phones last year, and they are likely to rise to between $13 billion and $15 billion in 2024, Vaishnaw said. Apple 's presence in India has grown exponentially since it first started manufacturing in the country in 2017.

Persons: Vaishnaw, Narendra Modi's, Nirmala Sitharaman, CNBC's, Apple, OnePoll, Joe Biden, India's Modi, Narendra Modi, Modi, Mandel Ngan Organizations: Dixon Technologies, Bloomberg, Getty, CNBC, Union, Railways, Communications, Electronics, Technology, CNBC's Sri, Deloitte, India, Apple, Samsung, Micron, U.S, India's, White, Afp Locations: Noida, India, Delhi, Mumbai, Chennai, China, Washington ,

☆ Tech execs are telling investors they have to spend money to make money on AI
▼ + stars: | 2024-02-02 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

One theme investors heard repeatedly from top execs is that, when it comes to AI, they have to spend money to make money. Last year marked the beginning of the generative AI boom, as companies raced to embed increasingly sophisticated chatbots and assistants across key products. One key priority area, based on the latest earnings calls, is AI models-as-a-service, or large AI models that clients can use and customize according to their needs. Alphabet executives highlighted Vertex AI, a Google product that offers more than 130 generative AI models for use by developers and enterprise clients such as Samsung and Shutterstock. Alphabet executives touted Google's Duet AI, or "packaged AI agents" for Google Workspace and Google Cloud, designed to boost productivity and complete simple tasks.

Persons: Sundar Pichai, Mandel Ngan, Satya Nadella, Mark Zuckerberg, Josh Edelson, Zuckerberg, Nadella, Amy Hood, Pichai, You've, durably, Ruth Porat, Andy Jassy, Jassy, Tim Cook, Cook, Thos Robinson, Microsoft's, Rufus, Bard Organizations: Artificial Intelligence, AFP, Getty, Microsoft, Apple, Nvidia, Meta, Google, Amazon, New York Times, Samsung, GE, Spotify, Pfizer Locations: Washington ,, Menlo Park , California, LLMs, New York City

☆ Obama shared his vision of America at his first inauguration. Some still believe
▼ + stars: | 2024-01-20 | by ( John Blake | ) edition.cnn.com time to read: +18 min

It went across all visual types.”Elizabeth Alexander recites a poem during President Obama's swearing-in ceremonies at the US Capitol on January 20, 2009. She had grown up in DC, and that inauguration day was a homecoming for her. “I’m sure that some people expected too much,” says Wear, the former Obama campaign worker, of Obama’s vision. The fact of the matter is, that (inauguration) day happened, and millions of people were there. We will have a better idea on another inauguration day — in January of 2025.

Persons: Elizabeth Alexander, Barack Hussein Obama, Alexander, ” Alexander, Muhammad Ali, Aretha Franklin, Elie Wiesel, John Lewis, Colin Powell, ”, “, …, Obama's, Ron Edmonds, Obama, Obama’s, Martin Luther King Jr, Donald Trump’s, —, Trump's, Joe Biden, Jon Cherry, Ed Wolf, Wolf, Barack Hussein Obama —, Barack Obama, Alex Wong, ‘ Hussein, “ Wolf, Clifford L, Alexander Jr, George W, Bush, Laura, Michelle, Tannen Maury, Ronald Reagan, Trump, ” Vivek Ramaswamy, Donald Trump, Alexi J . Rosenfeld, Thomas Sowell, speck, it’s, Shepard, Robert Daemmrich, ” Obama, Michael Wear, John McCain, McCain, ” McCain, we’ve, Mandel Ngan, ” Trump, Nehisi Coates, Coates, Hope ’, ” Coates, ’, didn’t, ” Wolf, Emmanuel Dunand, “ We’re, hasn’t, Obama — we’re, Rebecca Solnit, John Blake Organizations: CNN, Yale University, Capitol, AP, Confederate, Trump, Rochester Institute of Technology, Metro, Washington, Army, Getty, United, White, Whites, GOP, Republican, Obama, Democratic, Mellon Foundation Locations: Washington ,, America, Russia, Japan, Kenya, American, New York, United States, AFP, Kansas, New York City, Balkans, Minnesota, Arizona, Washington, San Francisco, Michigan, Norfolk , Virginia, Hope

☆ Is Costco's $120 Executive membership a good deal? Here's how much you need to spend to make it worthwhile
▼ + stars: | 2024-01-20 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

The promise of 2% cash back with Costco's Executive membership can be tempting, but it might not be worth the upcharge. They take a look at your profile and tell you that you're a good candidate for the Costco Executive membership. On paper, the $120 Executive Membership sounds like a great deal. Calculating if the $120 Executive Membership is worth the upcharge is simple. But if your annual spend regularly tops $3,000, you're better off with the Executive Membership.

Persons: you've, they'd, Coke, Ngan, I'd Organizations: Costco's, Costco, Afp, Getty, Star

☆ One Supreme Court Case Could Mess Up Chunks of the Tax Code
▼ + stars: | 2023-12-03 | by ( Richard Rubin | Jess Bravin | ) www.wsj.com time to read: 1 min

A sweeping ruling by the Supreme Court could upend many rules affecting partnerships, multinational companies and bond investors. Photo: mandel ngan/Agence France-Presse/Getty ImagesWASHINGTON—A case that could punch holes in the federal tax code heads to the Supreme Court on Tuesday. The court will hear arguments in Moore v. U.S., which challenges a piece of the 2017 tax law that imposed a one-time levy on profits that companies had accumulated outside the U.S. But its implications could reach much further, providing the justices an opportunity to define what Congress can tax under the Constitution—and what it can’t.

Persons: mandel ngan, Moore Organizations: Agence France, Getty, WASHINGTON Locations: Moore v .

☆ Jill Biden unveils White House holiday decorations
▼ + stars: | 2023-11-28 | by ( Christy Choi | Sam Fossum | ) edition.cnn.com time to read: +3 min

CNN —Complete with 98 Christmas trees, 72 wreaths and 2.8 miles of ribbon, the White House has been transformed into a classic winter wonderland for the holidays. The little engine that could: A vintage toy train chugs around the base of a Christmas tree in the Blue Room. The White House expects some 100,000 people to visit during the holiday season. Decorations in the Vermeil Room celebrate music and performance, complete with a mechanical theater featuring rotating United States Marine Band figures. Evan Vucci/APDeck the halls: The White House's China Room transformed into a dessert shop, tables laden with festive treats.

Persons: Santa Claus, Fraser, Jill Biden, Joy ”, ”, Biden, It’s, Evan Vucci, children’s, Gerald Ford, Kevin Dietsch, Saint Nick, Mandel Ngan Organizations: CNN, White, National Guard, Historical Association, United States Marine, Santa, Getty Locations: China, Santa, AFP

☆ Passing at home, failing abroad: Grading Mike Johnson's first month as speaker
▼ + stars: | 2023-11-21 | by ( Madison Hall | ) www.businessinsider.com time to read: +9 min

In late October, House Republicans settled on a little-known congressman as their next leader. AdvertisementMike Johnson has been the speaker of the House for just under a month now following a testy race to succeed ousted former Speaker Kevin McCarthy. Johnson's so-called "laddered" approach has been heavily criticized by congressional Democrats, Republicans, and even the White House, who called it an "unserious proposal." AdvertisementSection 702: FailFBI Director Christopher Wray speaks during the daily press briefing at the White House, Thursday, Aug. 2, 2018, in Washington. AdvertisementWith just over a month left until the authorization expires, though, Johnson's been mum on the topic since becoming speaker.

Persons: Mike Johnson, Kevin McCarthy, —, Johnson, here's, Tom Brenner, McCarthy, Biden, Tom Emmer, Elise Stefanik, Steve Scalise, Alex Wong, Volodymyr Zelensky, Mitch McConnell, Chuck Schumer, Mandel Ngan, Michael McCaul, McCaul, Sandy Huffaker, Congress didn't, Christopher Wray, Evan Vucci, Jim Jordan, Johnson's, Patrick McHenry, Win McNamee, who's, he'd, McCarthy's Organizations: Republicans, Business, Service, The Washington, Getty, House Republican, Capitol, House Republicans, Internal Revenue Service, Democratic, White, Congress, Republican, Foreign Affairs Committee, American Farm Bureau Federation, Texas Farm Bureau, Foreign Intelligence, Associated Press, GOP Rep, FBI Locations: Israel, Gaza, Washington , DC, Ukraine, AFP, Mexico, Taiwan, California, Texas, Washington

☆ Trump should be allowed to pressure witnesses in his election interference case depending on 'the context,' his lawyer tells judges
▼ + stars: | 2023-11-20 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Trump's legal team argued against his gag order in his upcoming election interference trial. AdvertisementA panel of three judges on Monday appeared highly skeptical of arguments from Donald Trump's legal team seeking to revoke a gag order that bars him from attacking potential witnesses in his election interference criminal case. Depending on "the context," Lauro argued, Trump would be permitted to pressure possible witnesses not to cooperate with prosecutors. The gag order in the election interference case is separate from a gag order in another ongoing civil trial against Trump in New York. He found that Trump violated it earlier in November, though an appeals court on Thursday temporarily lifted the order.

Persons: Trump, —, Donald Trump's, John Lauro, Lauro, Patricia Millet, X, Mike Pence, — Lauro, Tanya Chutkan, they've, Sam Bankman, Cornelia Pillard, Laura, Jack Smith, Mark Meadows, weaklings, Chutkan, MANDEL NGAN, Millet, Barack Obama, Joe Biden, Smith, Cecil Woods VanDevender, Bill Barr, We've, Judge Arthur Engoron Organizations: Prosecutors, Service, United States, Appeals, DC Circuit, Trump, US, Capitol, Justice Department, Republican, Getty Locations: New York, FTX, AFP

☆ Biden Keeps Talking About the Old Days. Young Voters Don’t Like It.
▼ + stars: | 2023-11-19 | by ( Catherine Lucey | Ken Thomas | ) www.wsj.com time to read: 1 min

Biden’s campaign adopted the internet meme ‘Dark Brandon’—a depiction of Biden’s red-laser-eyed alter ego—to reframe the Republican anti-Biden chant of ‘Let’s Go Brandon.’ Photo: mandel ngan/Agence France-Presse/Getty ImagesPresident Biden is struggling to connect with younger voters. The sepia-toned stories he peppers into speeches may not be helping. When Biden traveled to Israel last month, he spoke about his 1973 meeting with then Prime Minister Golda Meir . Following the Supreme Court ruling overturning Roe v. Wade last year, he stressed his work in 1987 to keep conservative Judge Robert Bork off the nation’s high court. Pressed about climate change during a news conference in Vietnam, he pointed to his longstanding commitment to the issue, including his work on it with Sen. Dick Lugar (R., Ind.)

Persons: Brandon ’, —, Let’s Go Brandon, ’, mandel ngan, Biden, Golda Meir, Roe, Wade, Robert Bork, Sen, Dick Lugar Organizations: Republican, Agence France, Getty Locations: Israel, Vietnam, Ind

☆ Ex-Meta staffers see booming business targeting online disinformation after two wars break out
▼ + stars: | 2023-11-17 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +15 min

Wagner left Facebook parent Meta last year, and her work in trust and safety feels like it was from a prior era. One of her first investments was in a startup called Cove, which was founded by former Meta trust and safety staffers. "One thing I would recommend is transparency at a time where third-party access and understanding to what is going on at scale on social platforms is what is needed." Post is an example of the kinds of companies that trust and safety startups are focused on. Fishman said customers are starting to see trust and safety tools as almost an extension of their cybersecurity budgets.

Persons: Joshua Bratt, Lauren Wagner, Wagner, Mandel Ngan, Roblox, Wagner's, Michael Dworsky, it's, Mason Silber, Donald Trump, Manu Aggarwal, Aggarwal, Abhijnan Dasgupta, Sara Ittelson, Ittelson, Cove's Dworsky, they'd, Alex Goldenberg, Noam Bardin, he's, Bardin, that's, Brian Fishman, Cinder, Fishman Organizations: Meta, Facebook, Hamas, Twitter, Radium Ventures, White, AFP, Getty, CNBC, Innovation Labs, Google, Apple, Republican, Everest Group, Accenture, Genpact, Big Tech, Tech, Venture, Accel, European, Digital Services, Defamation League, Network, Research, Rumble Locations: King's Cross, London, Israel, Washington ,, San Francisco, Russia, Ukraine, Georgia, Cinder, who's, ActiveFence

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