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☆ Trump VP contender Kristi Noem stands by killing her dog Cricket amid bipartisan ridicule
▼ + stars: | 2024-04-28 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

South Dakota Governor Kristi Noem greets former U.S. President and Republican presidential candidate Donald Trump before he speaks at a South Dakota Republican party rally in Rapid City, South Dakota, U.S. September 8, 2023. Republican South Dakota Governor Kristi Noem on Sunday attempted to spin a controversial anecdote about killing her puppy, revealed in her upcoming memoir, into a case for her political deftness as she vies to become Donald Trump's vice presidential pick. Noem has spent the weekend dealing with ridicule from both Democrats and Republicans since those anecdotes became public. Florida Governor and former GOP presidential candidate Ron DeSantis posted a call to action for people to adopt rescue dogs. In March, the South Dakota governor posted an infomercial-style video for a Texas dentist appearing to act as a commercial testimony for the business, despite holding public office.

Persons: Kristi Noem, Donald Trump, Donald Trump's, Noem, Doug Burgum, Tim Scott, Elise Stefanik, Laura Loomer, Loomer, Joe Biden's, Biden, Kamala Harris, Ron DeSantis Organizations: Republican, South, South Dakota Republican, Republican South, Guardian, Cricket, North, Florida Governor, GOP Locations: South Dakota, Rapid City , South Dakota, U.S, Republican South Dakota, North Dakota, Florida, Washington, Texas

☆ U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The U.S. Chamber of Commerce and several other business groups on Wednesday sued the Federal Trade Commission in Texas federal court over the commission's vote to ban noncompete clauses, which are used to block employees from leaving to work for competitors in the same industry. On Tuesday, the FTC voted to enact the ban on the basis that noncompete clauses stifle the efficiency of the labor market, hinder competition and can lead to higher prices for consumers. The business groups claimed that the FTC's ban, "breaks with centuries of state and federal law." In addition to the Chamber of Commerce, the Business Roundtable, Texas Association of Business and Longview Chamber of Commerce are all plaintiffs in the suit. The FTC suggested that instead of relying on noncompete clauses, companies should look to other safeguards of information, like nondisclosure agreements.

Persons: Lina Khan, Douglas Farrar Organizations: House Energy, Commerce, U.S . Chamber of Commerce, Wednesday, Federal Trade Commission, Federal, U.S . Chamber, Eastern District of Texas, Chamber of Commerce, Business Roundtable, Texas Association of Business, Longview Chamber, FTC, CNBC Locations: Texas, Eastern District

☆ Biden issues new rules for airlines to require automatic cash refunds, prohibit surprise fees
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

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

☆ House Speaker Johnson drowned out by booing crowds at Columbia University speech on Gaza protests
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

House Speaker Mike Johnson, R-La., struggled to get a word in edgewise Wednesday, battling a chorus of booing crowds during a speech at Columbia University where he condemned the ongoing student protests against Israel's bombardment of Gaza. "Enjoy your free speech," Johnson said tersely, pausing his prepared remarks to wait for the jeering to die down. Columbia Students for Justice in Palestine, a group that helped organize the protests, has said that any hate speech is not coming from its protesters but rather "inflammatory individuals who do not represent us." During Johnson's speech Wednesday, he called on Shafik to resign if she could not get a handle on the protests. After more than a week of bipartisan cooperation with Democrats to pass the aid bill, Johnson's Columbia speech appeared to be an attempt to bolster his conservative bona fides for his hardline GOP colleagues.

Persons: Mike Johnson, Johnson, tersely, Nemat, Shafik, Joe Biden, Biden, Marjorie Taylor Greene, fides, Virginia Foxx, Mike Lawler Organizations: U.S . House, Columbia University, Hamas, Israel's, Columbia, New York Police Department, Columbia Students, Justice, National Guard, Biden, GOP, Rep, Education, Workforce Locations: Israel, Palestinian, New York City, U.S, edgewise, Gaza, Columbia's, Palestine, Ukraine, Taiwan, Columbia

☆ Biden signs Israel, Ukraine, TikTok bill into law
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

US President Joe Biden speaks after signing the foreign aid bill at the White House in Washington, DC, on April 24, 2024. President Joe Biden on Wednesday signed into law measures to provide aid to Israel, Ukraine and Taiwan, as well as force Chinese TikTok parent company ByteDance to sell the social media platform. It should have been easier and it should've gotten there sooner," Biden said Wednesday after signing the bill. Biden had signaled his intention to sign the bill into law after the House passed the proposal on Saturday. The law earmarks roughly $60 billion in aid for Ukraine, $26 billion for Israel and $8 billion for security in Taiwan and the Indo-Pacific.

Persons: Joe Biden, should've, Biden, TikTok Organizations: White, Capitol, Senate Locations: Washington ,, Israel, Ukraine, Taiwan, America, U.S

☆ FTC votes to ban noncompete clauses that bar employees from working for competitors
▼ + stars: | 2024-04-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

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

☆ 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

Charly Triballeau | AFP | Getty ImagesBillionaire donors like Robert Kraft and Leon Cooperman are weighing their support for Columbia University amid rising campus tensions over pro-Palestinian protests. "Columbia is grateful to Mr. Kraft for his years of generosity and service to Columbia," a Columbia spokesperson said in a statement to CNBC. Cooperman and Kraft so far, represent a minority of wealthy Columbia University donors who are speaking out on the protests. CNBC reached out to half a dozen foundations listed by Columbia University as having given at least $1 million to the school since 2014. Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.

Persons: Bruce A Blakeman, Charly Triballeau, Robert Kraft, Leon Cooperman, Kraft, Nemat, Shafik, Roger Goodell, Austin McAfee, Cooperman, James Gorman, Morgan Stanley, David Greenspan, Leon Cooperman Scott Mlyn, University President Shafik, Caitlin Ochs Organizations: Nassau, Columbia University, AFP, Getty, Columbia, New England Patriots, Georgia World, Center, Kraft Group, Foundation, Combat, Kraft Center for Jewish, The Kraft Group, CNBC, Omega Family, Columbia Business School, Slate, CNBC Columbia Students, Justice, New York Police, NYPD, University President, Students, Columbia University campus, Hamas Locations: New York, Columbia, Gaza, Atlanta, Palestine, Israel, Palestinian, New York City, U.S

☆ Trump wins voters on inflation as Biden zeroes in on tariffs, jobs: NBC News poll
▼ + stars: | 2024-04-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

More voters trust Donald Trump than President Joe Biden to deal with inflation and the cost of living, their top concerns for the U.S., according to the latest NBC News poll. The poll of 1,000 registered voters nationwide found that 52% of respondents said Trump would better handle inflation and the cost of living, while 30% said the same of Biden. For example, while Trump lambasts Biden's economy, the president has doubled down on the claim that the U.S. "has the best economy in the world." But voters' rosy memory of the Trump economy has been a consistent thread in early polling and continues to weigh on Biden's momentum. Despite Biden's efforts to refocus the conversation on other economic issues, inflation appears to remain an unavoidable barrier to winning over the public's trust.

Persons: Donald Trump, Joe Biden, Trump, Biden, Herbert Hoover, Donald Organizations: NBC, New York Times, Siena College Locations: Pennsylvania, Pittsburgh, China, Scranton , Pennsylvania, U.S

☆ Trump berates judge for 'rushed' hush money trial, days before opening statements
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Former US President Donald Trump sits in the courtroom at Manhattan criminal court in New York, US, on Thursday, April 18, 2024. Donald Trump on Saturday took to social media to deliver another tirade against the judge and the circumstances of his New York hush money trial, which wrapped up jury selection on Friday and is expected to begin opening arguments on Monday. "THIS SCAM 'RUSHED' TRIAL TAKING PLACE IN A 95% DEMOCRAT AREA IS A PLANNED AND COORDINATED WITCH HUNT," the 2024 presumptive Republican presidential nominee wrote in one of several Truth Social posts on Saturday morning. Trump's social media rants targeting Merchan and others involved in the trial have become a regular pattern for the former president, despite a gag order imposed in March. The prosecutors requested a $1,000 sanction for each of the three posts and asked the judge to warn Trump that future violations could result in jail time.

Persons: Donald Trump, HUNT, Juan Merchan, Trump, Stormy Daniels, Merchan, Michael Cohen Organizations: WHO, New, Manhattan Locations: Manhattan, New York, York, New York City, U.S

☆ Trump Media CEO says he’ll do ‘whatever it takes’ to defend DJT investors from short sellers
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Trump Media CEO Devin Nunes on Friday said he would "do whatever it takes" to defend the company's retail investors from possible illegal short selling of its shares. Delivering remarks in Scranton, Pennsylvania, on Tuesday, Biden took a dig at Donald Trump, his November Republican election opponent, as shares of Trump Media tanked from its more than $70 debut price. Trump Media's stock, trading under the ticker DJT , rallied toward the end of this week, but has plummeted starkly from its peak. It involves a trader selling shares that have not been borrowed or arranged to be borrowed. Nunes said that Trump Media has appeared on the Nasdaq's "Reg SHO threshold list," which could indicate illegal trading behavior.

Persons: Devin Nunes, Nunes, Joe Biden, Biden, Donald Trump, Trump, DJT, SHO, Ken Griffin Organizations: Truth, Conservative Political, Trump Media, Trump, Republican, Trump Media tanked, Nasdaq, Securities and Exchange, CNBC, SEC, Citadel Securities, GOP Locations: National Harbor , Maryland, Scranton , Pennsylvania, California

☆ House passes Ukraine, Israel, Taiwan aid, potential TikTok ban
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Speaker of the House Mike Johnson, R-La., conducts a news conference in the U.S. Capitol after the House passed the foreign aid package rule on Friday, April 19, 2024. The bills earmark over $60 billion for Ukraine aid, more than $26 billion for Israel and over $8 billion for Taiwan and Indo-Pacific security. The House's approval is a critical next step for foreign aid, which has been in limbo since President Biden first proposed it in October. Despite that looming political backlash, Speaker Johnson was persuaded to revisit the foreign aid package after Iran's attempted strike on Israel last weekend. In response, Johnson put the foreign aid package at the top of the House's agenda.

Persons: Mike Johnson, Joe Biden, Johnson, Leader Jeffries, Biden, Chuck Schumer, Volodymyr Zelenskyy, China's, Marjorie Taylor Greene, Greene, Iran's, Johnson's, Steve Scalise Organizations: U.S, Capitol, United States House, Representatives, Democrats, Republicans, Rep, NBC News Locations: Ukraine, Israel, Taiwan

☆ Rep. Marjorie Taylor Greene blasts Speaker Mike Johnson, says will wait on potential move to vacate
▼ + stars: | 2024-04-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Rep. Marjorie Taylor Greene, R-Ga., leaves the U.S. Capitol after filing a motion to vacate Speaker of the House Mike Johnson, R-La., from his post on Friday, March 22, 2024. Rep. Marjorie Taylor Greene says she will let her fellow House Republicans hear from their constituents before deciding whether to move forward with a vote to remove Speaker Mike Johnson. "I do not support Mike Johnson, he's already a lame duck," Greene told reporters. Greene filed a motion for a vote to force Johnson to vacate the Speaker position in March, but no further action has been taken since then. Speaker Johnson, who spoke to reporters after the votes as well, voiced a similar sentiment.

Persons: Marjorie Taylor Greene, Mike Johnson, Greene, China's ByteDance, Johnson, he's, Chuck Schumer, Joe Biden, — CNBC's Rebecca Picciotto Organizations: U.S, Capitol, CNN, Senate Locations: Taiwan, Ukraine, Israel

☆ Biden wants to triple China tariffs on steel, aluminum imports
▼ + stars: | 2024-04-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden is calling on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports as he makes the rounds in the key battleground state of Pennsylvania. Biden's demand to raise the current 7.5% average tariff on steel and aluminum is an effort to make clear that his administration's recent warnings about China's trade practices are not empty threats. In an interview with CNBC's Sara Eisen, Yellen said that tariffs were not off the table if those overcapacity qualms went unaddressed. As China shrugs off the overcapacity concerns, the Biden administration is doubling down on what it perceives as the threat to global trade. "China's policy-driven overcapacity poses a serious risk to the future of the American steel and aluminum industry," National Economic Council Director Lael Brainard said on a call with reporters on Tuesday.

Persons: Joe Biden, Xi Jinping, Janet Yellen, CNBC's Sara Eisen, Yellen, China shrugs, Biden, Lael Brainard Organizations: Economic Cooperation, U.S . Trade, United Steelworkers, Economic Locations: Asia, San Francisco, China, Pennsylvania, Pittsburgh

☆ Republican House panel launches probe into Biden's FTC-DOJ task force on corporate pricing
▼ + stars: | 2024-04-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

"The timing of the Strike Force announcement, in an election year, raises the likelihood that political motivations rather than the interests of American consumers drove the action," House Oversight Committee Chair Rep. James Comer, R-Ky., said in the letter. The Strike Force is jointly led by the FTC and the Department of Justice, which have been at the front lines of the Biden administration's regulatory agenda over the past several years. Comer alleged in the letter that "this pattern" of blaming corporate-pricing practices for inflation "signals that the new FTC-DOJ Strike Force will be used as a political tool." But Biden's logic that companies are the ones responsible for high prices, not his economic agenda, could be taking hold with voters. A March survey found that respondents blamed recent price hikes on "large corporations taking advantage of inflation" more than Democratic policies.

Persons: Lina M, Khan, Bill Nelson, Joe Biden's, Lina Khan, Biden, James Comer, Jonathan Kanter, Comer, —, Biden's Organizations: Commerce, Science, NASA, Capitol, Republican, CNBC, Federal Trade, Strike Force, Force, U.S, FTC, Department of Justice, Biden, Kroger, Albertsons, DOJ Strike Force, Democratic Locations: Washington , U.S, Ky

☆ Sen. Tom Cotton encourages drivers to drag Gaza cease-fire protesters from blocked roads
▼ + stars: | 2024-04-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Senator Tom Cotton (R-AK) speaks during a Senate Intelligence Committee hearing on worldwide threats to American security, on Capitol Hill in Washington, U.S., March 11, 2024. Sen. Tom Cotton, R-Ark., on Tuesday doubled down on earlier comments encouraging people stuck in traffic caused by cease-fire protests to "take matters into their own hands" and forcibly remove the demonstrators from the roads. Cotton posted a video on X on Tuesday showing people dragging protesters off the roads by their legs and their jacket hoods, tossing them to the curb to let cars through. "How it should be done," the senator wrote in the post. On Monday, traffic came to an hourslong standstill on the Golden Gate Bridge in San Francisco and in major cities including Chicago, Seattle and New York as demonstrators planted themselves on the roads to draw attention to the war in Gaza.

Persons: Tom Cotton, Sen, Cotton, let's Organizations: Intelligence, Capitol, Fox Locations: Washington , U.S, San Francisco, Chicago, Seattle, New York, Gaza, Arkansas

☆ Speaker Johnson to advance separate Israel, Ukraine, Taiwan bills after Iran attack
▼ + stars: | 2024-04-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Speaker of the House Mike Johnson, R-La., makes his way to the House floor on Friday, March 22, 2024. Rep. Marjorie Taylor Greene, R-Ga., filed a motion to vacate him from the speakership, later in the day. House Speaker Mike Johnson, R-La., on Monday said he plans to move forward with four individual bills to fund Israel, Ukraine and Taiwan, separating out key components of a foreign aid package that has been shelved in the House for months. In March, Rep. Marjorie Taylor Greene, R-Ga., filed a motion to vacate Johnson, but did not force a vote on the motion. "He's definitely not going to be speaker next Congress if we're lucky enough to have the majority," Greene added.

Persons: Mike Johnson, Marjorie Taylor Greene, Johnson, Iran's, Joe Biden, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, John Kirby, Biden, Greene Organizations: House Republicans, Democratic, National Security, House Republican Locations: Israel, Ukraine, Taiwan, Iran, U.S, Ky, D

☆ White House will ‘wait and see’ on Iran response after attempted Israel strike
▼ + stars: | 2024-04-14 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The White House is taking a "wait and see" approach in response to Iran's attempted strike on Israel, National Security spokesperson John Kirby said Sunday, as President Joe Biden aims to cool down the situation through diplomacy rather than military action. "President Biden, since the beginning of this conflict, has worked very hard to keep this from becoming a broader regional war, to keep the tensions from escalating." On Sunday, Biden convened G-7 leaders to discuss the Iran attack. "Should the Israeli regime make another mistake, Iran's response will be considerably more severe," the statement added. Israel, in turn, vowed to "react and attack" if Iran were to go through with those threats.

Persons: Joe Biden, Iran's, John Kirby, Kirby, Biden, Iran's U.N, Benjamin Netanyahu Organizations: National Security, Fox, Sunday, White, Israeli, NBC Locations: Hiroshima, Japan, Israel, Iran, U.S, Tehran, Damascus

☆ Trump targets two likely witnesses ahead of his criminal trial, despite gag order
▼ + stars: | 2024-04-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Donald Trump on Saturday took aim at two likely witnesses in his upcoming New York hush money trial, testing the boundaries of a gag order that prohibits such public statements. The social media post is the latest challenge to the limits of a gag order that forbids Trump from making public statements about likely witnesses and jurors. In the weeks since, Trump has repeatedly gambled on the limits of the gag order. It would not be the first time Trump has faced consequences for disobeying a gag order. In a separate trial in October, Judge Arthur Engoron fined Trump $10,000 for gag order violations.

Persons: Michael Cohen, Donald Trump, POMERANTZ, Trump, Cohen, Stormy Daniels, Juan Merchan, Daniels, Nelson Mandela, Judge Arthur Engoron Organizations: Trump Organization, Court, Manhattan District Attorney, New York, Trump, Democratic Locations: New York, Manhattan, New York City, York, South Africa

☆ Iran has launched drone attacks at Israel, U.S. officials say
▼ + stars: | 2024-04-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Office of the Iranian SupremeIran on Saturday launched attacks against Israel, according to U.S. officials, escalating long-standing tensions between the two nations that have the potential to trigger a regional war. "Iran has begun an airborne attack against Israel," National Security Council spokesperson Adrienne Watson said in a Saturday statement. Earlier on Saturday, Iran's Revolutionary Guard seized a Portuguese-flagged cargo ship with links to Israel in the Strait of Hormuz, a key shipping route. The Islamic Revolutionary Guard Corps said in a Saturday statement that the missile and drone launches were "in response to the crimes by the Zionist Regime." "If Iran attacks from its territory, Israel will react and attack in Iran," Israeli Foreign Affairs Minister Israel Katz wrote in a Wednesday post on X, tagging the Ayatollah's X account.

Persons: Ali Khamenei, Israel, Adrienne Watson, Daniel Hagari, Joe Biden, Lloyd Austin, Antony Blinken, perpetrating, Israel Katz Organizations: Iran's, Islamic Revolutionary Guard Corps, Saturday, Security, Israel Defense Forces, U.S, White, Defense, Iran's Revolutionary Guard, House, Zionist, Foreign Affairs Locations: Damascus, Tehran, Iran, Iranian, United States, Israel, Portuguese, Strait, Hormuz, Gaza

☆ Biden’s China tariff threats are more bark than bite, economists say
▼ + stars: | 2024-04-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden attends a bilateral meeting with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin LamarqueThe Biden administration this week sent several signals of a toughening U.S. economic strategy against China. Earlier in the week, Treasury Secretary Janet Yellen delivered tougher economic red lines on a visit to China. China has so far denied the overcapacity accusation as "groundless" and fired back that the U.S. is threatening protectionist trade policies to stifle global competition. "It remains unclear what this relationship will endure in the months and years ahead," Yellen said at a press conference in Beijing on Monday.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Fumio Kishida, Kishida, Janet Yellen, Yellen, CNBC's Sara Eisen, Republican Donald Trump Organizations: Economic Cooperation, REUTERS, China, Japanese, U.S ., Biden, EU, U.S, Republican Locations: Filoli, Asia, Woodside , California, U.S, Washington, Japan, China, United States, Beijing

☆ Trump slams Biden for 'raging' inflation after hotter-than-expected March price report
▼ + stars: | 2024-04-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

"INFLATION is BACK—and RAGING!," the former president wrote in a Truth Social post. "The Fed will never be able to credibly lower interest rates, because they want to protect the worst President in the history of the Untied States!" "I'm calling on corporations, including grocery retailers, to use record profits to reduce prices," Biden said in a statement following the CPI report. "Congressional Republicans want to slash taxes for billionaires and big corporations, while helping special interests and Big Pharma raise prices. Biden has continually blamed big corporations and Republicans for the lingering high costs of living that consumers still report feeling while touting economic gains from his own policies.

Persons: Donald Trump, Joe Biden, Biden Organizations: Federal Reserve, Congressional, Big Pharma

☆ U.S. ready to sanction Chinese banks if they aid Russia's war machine, Yellen says
▼ + stars: | 2024-04-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

The United States is prepared to sanction Chinese banks and companies, as well as Beijing's leadership, if they assist Russia's armed forces with the invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said Monday. "We stand ready to act if we see significant violations, especially by financial institutions," Yellen said in an interview with CNBC's Sara Eisen in Beijing. "Anything that involves aiding Russia's military in their brutal war against Ukraine is unacceptable to us and we have the ability to sanction it." President Joe Biden issued a new executive order in December that vested the Treasury secretary with the authority to sanction financial institutions that aided Russia's military-industrial complex. But the provision of military aid from Beijing to Moscow could trigger sanctions.

Persons: Janet Yellen, Yellen, CNBC's Sara Eisen, Joe Biden Organizations: Treasury, Treasury Department, U.S Locations: States, Ukraine, U.S, Beijing, China, Russia, Moscow

☆ White House says Israeli troop reduction does not signal new strategy: 'They're tired'
▼ + stars: | 2024-04-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. national security spokesperson John Kirby speaks during a press briefing at the White House in Washington, U.S., March 25, 2024. National Security Spokesman John Kirby on Sunday said that Israel's decision to pull some troops out of Southern Gaza does not appear to indicate a shift in military strategy. However, he added in a separate interview, that after the IDF forces leaving Khan Younis have finished its "rest and refit," the White House does not know what the next military step would be. "What they'll do with those troops after the rest and refit, I can't speak to," Kirby said on CBS' "Face the Nation" on Sunday. "All I can do is say what I said before: We don't support a major ground operation in Rafah.

Persons: John Kirby, Kirby, Khan Younis, Biden, Joe Biden, Benjamin Netanyahu, Israel's, Michael Horowitz Organizations: White, National Security, Israel Defense Forces, Israeli, IDF, Le Beck, NBC News, CBS Locations: Washington , U.S, Southern Gaza, Gaza, Israel, Rafah

☆ Trump says going to jail for gag order violation would be a 'great honor,’ compares himself to Mandela
▼ + stars: | 2024-04-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Donald Trump on Saturday said he welcomed the prospect of going to jail for violating a gag order in his upcoming New York hush money trial. And last week, Trump took to Truth Social to share a message that likened his legal troubles to the persecution of Jesus Christ. That first gag order came in response to Trump's repeated calls for the judge to recuse himself. One day after the first gag order was imposed on March 26, Trump went after Merchan's daughter on social media. Under the expanded order, Trump can still criticize Merchan and Bragg individually.

Persons: Donald Trump, Nelson Mandela, Juan Merchan, Trump, Mandela, Jesus Christ, Stormy Daniels, Merchan, Trump's, Attorney Alvin Bragg, Bragg, Judge Arthur Engoron, Joe Biden's, Saturday's Mandela, that's Donald Trump, Biden, Jasmine Harris Organizations: U.S, New York, Republican, Trump, Manhattan District, Attorney Locations: Grand Rapids , Michigan, York, South Africa, Manhattan, Trump

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