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☆ Americans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact them
▼ + stars: | 2024-05-15 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +2 min

Read previewOf the more than 15 million cars sold in the US last year, none wore the badge of a Chinese car brand. With the government's existing 27.5% tariffs on Chinese-made cars and Tuesday's new 100% tariffs on Chinese-made EVs imported to the US, the situation isn't likely to change anytime soon. AdvertisementAccording to Automotive News data, US consumers purchased more than 104,000 Chinese-made vehicles in 2023, up 45% from 2022. Americans bought another 28,000 Chinese-made cars during the first quarter of 2024. Here's a closer look at the Chinese-made cars on sale in the US.

Persons: —, Volvo's, Here's Organizations: Service, EV, SAIC, Business, Buick's, Automotive News, Buick, Lincoln, Volvo, Geely Automotive, Biden Locations: China, Polestar, South Carolina

☆ 7 jobs that pay well and are still scrambling to hire
▼ + stars: | 2024-04-03 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +2 min

There were around 8.8 million job openings in the US in February. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Openings for jobs have dropped from a rate of 6.0% in February 2023 to a rate of 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January. Across industries, here are the roles with a multitude of openings, or an urgent need to hire.

Persons: —, Nick Bunker Organizations: BI, Service, Bureau of Labor Statistics, Bloomberg, North America, Business

☆ 7 jobs that pay well and have a ton of hiring demand right now
▼ + stars: | 2024-04-03 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +2 min

There were about 8.8 million job openings in the US in February. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Openings for jobs have dropped from a rate of 6% in February 2023 to 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January.

Persons: —, Nick Bunker Organizations: Business, Service, Bureau of Labor Statistics, Bloomberg, North America

☆ Inflation unexpectedly creeps up
▼ + stars: | 2024-03-12 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

CPI also increased 0.4% month over month. AdvertisementConsumer price index data released by the Bureau of Labor Statistics Tuesday showed inflation, by this measure, unexpectedly accelerated slightly in February. AdvertisementCore CPI only increased 0.4% from January to February, or matching the previous surge of 0.4%. The food index slowed from a year-over-year increase of 2.6% in January to an increase of just 2.2% in February. The energy index saw another year-over-year decline, a decline of 1.9% in February following a decline of 4.6%.

Persons: —, That's, It's, Nick Bunker Organizations: CPI, Service, Bureau of Labor Statistics, BLS, of Labor Statistics

☆ Nikki Haley touts $1.2 million in donations after Trump vows to blacklist her donors
▼ + stars: | 2024-01-26 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

The Republican presidential campaign of Nikki Haley said it raked in a $1.2 million spike in donations in one day, after former President Donald Trump vowed to blacklist Haley's donors. The former United Nations ambassador's campaign said it has taken a total of $2.6 million since polls closed in Tuesday's New Hampshire primary, which Trump won by more than 11 points. But polls of the Palmetto State show Haley trailing Trump by much wider margins. On Wednesday night, Trump ratcheted up the pressure on Haley by targeting her donors. "This is standard in Politics, but no longer with me," Trump wrote.

Persons: Nikki Haley, Donald Trump, Haley, AnnMarie Graham, Barnes, Trump, Joe Biden, MAGA Organizations: Palmetto State, Republican, United Nations, Trump Locations: North Charleston, Palmetto, Charleston , South Caroline, United States, Tuesday's New Hampshire, South Carolina

☆ RNC draft resolution would make Trump presumptive GOP nominee
▼ + stars: | 2024-01-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican presidential hopeful and former US President Donald Trump gestures as he speaks during a rally in Laconia, New Hampshire, January 22, 2024. A draft resolution making its way through the Republican National Committee would declare Donald Trump the GOP's presumptive 2024 presidential nominee — even as his rival, former U.N. ambassador Nikki Haley, is still vying for the nomination. The two-page draft notes that Trump easily won the Iowa caucuses and Tuesday's New Hampshire primary, and that he leads in the polls of upcoming primary states, including Haley's home state of South Carolina. It argues, "any money spent from this moment forward in the primary process is better spent fighting the democrats by focusing on President Biden's deadly border crisis, failed economic policies and disastrous and dangerous foreign policy." The document could come up next week at the committee's winter meeting in Las Vegas, Nevada, according to NBC News, which obtained a copy of the draft resolution from an RNC member.

Persons: Donald Trump, —, Nikki Haley, Trump, Biden's Organizations: Republican National, Tuesday's, NBC News, RNC Locations: Laconia , New Hampshire, Iowa, Hampshire, South Carolina, Las Vegas , Nevada

ABC and NBC's streaming services carried a part of Trump live, then left and corrected some of what Trump said. Live coverage of events is the go-to move for cable networks, which thrive on a sense of urgency. “Saturday Night Live” opened its show last week with a spoof of one of those news conferences. Fox News' Sean Hannity and Jesse Watters both did segments on rivals' decisions not to show Trump's Iowa speech in full. On MSNBC Wednesday, Trump's speech received far more attention on “Morning Joe” than it had the night before.

Persons: Donald Trump, —, Trump, Rachel Maddow, Maddow, “ We'll, ” Maddow, Nancy Pelosi, Jake Tapper, Vivek Ramaswamy, Drew “ Bundini ” Brown, Muhammad Ali, “, we've, Linsey Davis, ”, Mary Hager, Jonathan Klein, “ I'm, ” Klein, Klein, Sean Hannity, Jesse Watters, Watters, Kayleigh McEnany, Hannity, Joe ”, Vaughn Hillyard, Lawrence O'Donnell, ” ___ David Bauder Organizations: CNN, MSNBC, Fox News Channel, Trump, ABC, GOP, CBS News, AS, Network, Fox News, “ Media, White House, Fox, NBC, Associated Press Locations: Hampshire, Iowa, New Hampshire

☆ Factbox-Who Is the Republican 2024 US Presidential Hopeful Nikki Haley?
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +5 min

(Reuters) - U.S. presidential contender Nikki Haley has enjoyed a bump in support among voters and donors over the last four months, and is now the lone challenger to former President Donald Trump for the Republican presidential nomination. She is the daughter of two immigrants from India who ran a clothing store in rural South Carolina, and has spoken occasionally about the discrimination her family faced. She took on leadership roles in several business organizations before winning a seat in the South Carolina state legislature in 2004. Haley also appointed Tim Scott, then a U.S. representative from South Carolina, to the U.S. Senate in 2012. UNITED NATIONS AMBASSADORHaley endorsed several rivals to Trump in the 2016 Republican presidential nominating contest, and occasionally tangled with him during the primaries.

Persons: Nikki Haley, Donald Trump, Haley, Trump, Tim Scott, Scott, Charles Koch, Florida Governor Ron DeSantis, DeSantis, Democrat Joe Biden, Gram Slattery, Ross Colvin, Jonathan Oatis Organizations: Reuters, Republican, Republican Party, Clemson University, SOUTH CAROLINA GOVERNOR, Capitol, U.S . Senate, Trump, UNITED NATIONS, United Nations, Republicans, Ukraine, U.S ., Florida Governor, TRUMP, U.S, Democrat Locations: Tuesday's New Hampshire, New England, India, South Carolina, United States, U.S, Iran, China, U.S . Civil, Iowa, North Korea, Russia

Martin Luther King Jr.'s daughter remembered her late brother on Tuesday as a fierce and visionary steward of their father's legacy. The center offers virtual classes on Martin Luther King’s philosophy of nonviolence. Tuesday's news conference started with a music video featuring Whitney Houston and other artists that was produced to celebrate the first Martin Luther King Jr. national holiday in 1986. In addition to Bernice King, he is survived by older brother Martin Luther King III. Bernice King downplayed her differences with Dexter King, saying she always agreed with her brother in principle.

Persons: Martin Luther King Jr, Bernice King, Dexter Scott King, ”, Dexter, ” Bernice King, —, Martin Luther, Coretta Scott King, “, ‘, ‘ I’m, you’ve, Dexter King, Martin Luther King, “ Dexter, Martin Luther King’s, Whitney Houston, didn’t, Martin Luther King III, Yolanda, Dexter King's Organizations: ATLANTA, The King Center, Atlanta Locations: Malibu , California, Atlanta

☆ Everything you need to know about the 2024 New Hampshire Republican primary
▼ + stars: | 2024-01-22 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Polls show Trump still has a double-digit lead ahead of Tuesday's New Hampshire primary. AdvertisementNew Hampshire is only the second state to vote in the 2024 Republican presidential primary, but some of former President Donald Trump's foes already look desperate. Iowa's Republican caucuses were the first contest, but New Hampshire has gone to great lengths to ensure its primary election is always the first primary. The biggest difference is that unlike Iowa, New Hampshire has a more open primary system. New Hampshire also doesn't have anywhere near the number of white evangelical conservatives that vote in the Republican primary as Iowa does.

Persons: Nikki Haley's, —, Donald Trump's, Nikki Haley, Ron DeSantis, Trump, Haley, Chris Sununu, Joe Biden's, Sen, John McCain, It's, Chris Christie, DeSantis Organizations: Trump, Former UN, Service, Republican, UN, Press, Democratic National Committee, New, New Hampshire Democrats, New Jersey Gov Locations: Tuesday's, Hampshire, South Carolina, New Hampshire, Granite, Dixville, Iowa, Iowa ? New Hampshire, American, Iowa , New Hampshire, In Iowa, . New Hampshire, Granite State, New Jersey, — Iowa, New Hampshire , Nevada

☆ Elise Stefanik, the No. 4 House Republican who has been floated as a potential Trump running mate, said Nikki Haley would be a 'nonstarter' as a VP candidate
▼ + stars: | 2024-01-20 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewRep. Elise Stefanik on Saturday dismissed Nikki Haley as a potential running mate for former President Donald Trump, arguing that the former UN ambassador would be a "nonstarter" as his No. Nikki Haley has been disloyal to President Trump," Stefanik said on Saturday during a stop at Trump's Manchester campaign headquarters. On the issues related to election integrity, Nikki Haley was stealing Democrat[ic] talking points." Got the first question in during Stefanik gaggle and asked her about Trumps attacks on Nikki Haley’s name. NewsNation on Saturday asked Stefanik about her thoughts on Trump using Nikki Haley's given first name, Nimarata, in recent days.

Persons: —, Elise Stefanik, Nikki Haley, Donald Trump, Haley, President Trump, Stefanik, Stefanik gaggle, Nikki Haley’s, Trump, vK47NKKsvE — Kellie Meyer, NewsNation, Nikki Haley's, Ohio Sen, JD Vance, UPenn's Elizabeth Magill, Harvard's Claudine Gay —, Steve Bannon Organizations: Service, UN, The New York Times, Business, Trump, Tuesday's New, Tuesday's New Hampshire GOP, House Republican Conference, South, Republican, New, GOP, The Times, Ohio, Ivy League, Trump White House Locations: Tuesday's, Tuesday's New Hampshire, South Carolina, New York, Trump's Manchester, Stefanik, New Hampshire, Londonderry, Trumpworld, —

MANCHESTER, New Hampshire (AP) — Donald Trump is surrounding himself with leaders from Nikki Haley 's home state in a show of strength ahead of Tuesday's New Hampshire primary. Trump, according to his campaign, will be joined at a rally at the NHU Arena in Manchester Saturday night by South Carolina Governor Henry McMaster, the state's lieutenant governor and a slew of other senior officials, including the state's attorney general, treasurer and House speaker. The appearances are yet another blow from South Carolina against Haley, who is hoping her appeal among independent and unaffiliated voters will propel her to a strong enough finish in New Hampshire to turn the race into a two-person contest against Trump. It comes a day after Trump received the endorsement of South Carolina Sen. Tim Scott, who joined him at a rally in Concord. That he was talking about something else, that he was talking about Nancy Pelosi," Haley said.

Persons: — Donald Trump, Nikki Haley, South Carolina Governor Henry McMaster, Joe Wilson, William Timmons, Russell Fry, Haley, Trump, South Carolina Sen, Tim Scott, Scott, —, “ I’m, ”, Betsy Ankney, “, ” Haley, Nancy Pelosi, Steve Peoples Organizations: Trump, NHU, South, South Carolina Governor, Reps, Republican, Black Republicans, McMaster, GOP, Bloomberg News, Capitol Locations: MANCHESTER, New Hampshire, Tuesday's, Hampshire, Manchester, South Carolina, Concord, Keene , New Hampshire

☆ Another Billionaire Finds It's Hard to Run a Newspaper
▼ + stars: | 2024-01-09 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Another billionaire is having a hard time with his newspaper. That's because the LA Times is owned by billionaire Patrick Soon-Shiong, and it is losing money; even though Soon-Shiong is a billionaire, even billionaires have limits. Asked for comment, an LA Times spokesperson said that company leaders "don't generally make forward-looking statements about staffing levels and aren't able to comment further at this time." In 2021, The Wall Street Journal reported that Soon-Shiong was considering selling the LA Times itself , but Soon-Shiong said that was not the case. Last fall, for instance, The Washington Post — owned by Amazon founder Jeff Bezos — one of the richest men in the world — underwent giant staff cuts .

Persons: Patrick Soon, Jeff Bezos's Washington, Warren Buffett, —, Kevin Merida, Patrick, Shiong Axelle, Bauer, Griffin, It's, Shiong, doesn't, Jeff Bezos —, Warren Buffett — Organizations: Los Angeles Times, Jeff Bezos's Washington Post, Service, LA Times, LA, San Diego Union, Tribune, Street Journal, Washington Post, Amazon, Omaha, Alden Global Capital Locations: Merida, San Diego, Berkshire

☆ Binance sees $956 mln in outflows after Zhao steps down to settle U.S. probe
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it’s quite small," Nansen analysts said. Investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. While authorities have probed Zhao and Binance for years, Zhao's exit marks a dramatic development for one of the most powerful figures in the crypto industry.

Persons: Dado Ruvic, Nansen, Changpeng Zhao, Zhao, Richard Teng, Binance, Zhao's, Lisa Pauline Mattackal, Jonathan Stempel, Chris Prentice, Michelle Price, Anil D'Silva Organizations: REUTERS, Investors, U.S, U.S . Securities, Exchange Commission, Justice Department, Thomson Locations: Nansen, Dubai, Seattle, United States, Bengaluru, New York

FILE PHOTO: An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsWASHINGTON, Oct 24 (Reuters) - Apple (AAPL.O) on Tuesday will announce plans to make parts, tools and documentation needed to fix its iPhones and computers available to independent repair shops and consumers nationwide, the White House said. In recent years, Apple executives have begun touting the longevity and resale value of its devices while making it easier to fix them and to access spare parts. Apple started distributing parts and manuals to some independent repair shops in 2019. While Apple has provided spare parts to repair shops since 2019, the California bill also requires it to supply diagnostic tools to those shops as well.

Persons: Stephanie Lecocq, Apple, Joe Biden, Lael Brainard, Brainard, Nathan Proctor, Proctor, Andrea Shalal, Stephen Nellis, Lisa Shumaker Organizations: Apple, REUTERS, Rights, National Economic, Manufacturers, Thomson Locations: Lille, France, U.S, California, Colorado , New York, Minnesota, San Francisco

Club holdings Meta Platforms (META) and Apple (AAPL) made headlines Tuesday, and the reports suggest both tech giants are nimbly adapting to complicated operating environments. Meta weighs monthly subscription fee META YTD mountain Meta (META) year-to-date performance The news: Meta is planning to role out an ad-free subscription option for social media platforms Instagram and Facebook in Europe, The Wall Street Journal reported Tuesday. Apple appeases Chinese authorities AAPL YTD mountain Apple (AAPL) year-to-date performance The news: Apple has started to adopt more stringent rules for its App Store in China following the implementation of new government regulations for mobile apps. China ultimately denied those media reports , which had contributed to Apple losing $200 billion in market cap over a two-day period. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Mark Zuckerberg's, Apple, Jim Cramer's, Jim Cramer, Jim, Nasir Kachroo Organizations: Meta, Apple, Facebook, Street, CNBC, U.S, Reuters, NurPhoto, Getty Locations: Europe, China, Beijing, U.S, India

Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime. Target, which has nearly 2,000 stores in the U.S., has been outspoken about organized retail crime at its stores. When the company reported fiscal second-quarter earnings in mid-May, CEO Brian Cornell said organized retail crime had shot up at its stores. When asked if the company plans to close stores because of rising shrink, Cornell stressed Target's reluctance to shutter locations. Since 2022, at least nine states — six so far this year — have passed similar laws to impose harsher penalties for organized retail crime offenses.

Persons: Brian Cornell, Cornell, We'll, we'll Organizations: Coordination, CNBC Locations: New York, Harlem, Seattle, San Francisco, Oakland, Portland , Oregon, U.S

But, the announcements, which included a new iPhone 15 and an Apple Watch refresh, further strengthened the company's best-in-class ecosystem. New iPhone features Apple unveiled the iPhone 15 and iPhone 15 Plus, complete with USB-C charging instead of the propriety lightning port, starting at $799 and $899, respectively. The iPhone 15 Pro starting at $999 was unchanged from the previous model as well. The iPhone 15 Pro can capture special videos, providing for enhanced viewing on the upcoming Vision Pro mixed reality headset. The new Apple Watch models have more a powerful silicon chip as well, which allows for smoother graphics and more processing power.

Persons: Jim Cramer, Jim, Max —, Apple, Max, Tim Cook, Jim Cramer's, Apple Tim Cook, Kevin Dietsch Organizations: Apple, Vision, Apple Watch, CNBC, Allen & Company Sun Valley, Getty Locations: Cupertino , California, China, Tuesday's, Sun Valley , Idaho

☆ Morning Bid: Cooler labor warms markets
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +5 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Stubborn inflation readings from Europe on Wednesday and hesitation around this week's China market rebound suggested the coast was far from clear despite worldwide stock and bond market rally in the previous session. Ebbing consumer confidence in August reinforced the message of slowing activity, however, and The Conference Board's so-called labor market differential, derived from respondents' views on whether jobs are plentiful or hard to get, narrowed by almost six points to 26.2% - its lowest since April 2021. China's stock markets also stalled after a two-day rally, with U.S. Commerce Secretary Gina Raimondo claiming on her three-day visit to the country that many U.S. firms now see China as "un-investable". But it seemed to draw a line under the stock market this week with a series of supports and the prospect of further cuts in lending, deposit and mortgage rates.

Persons: Mike Segar, Mike Dolan, St's, bitcoin, Gina Raimondo, Denmark's, Kristalina Georgieva, James, Brown, Forman, Louise Heavens Organizations: Wall, New York Stock Exchange, REUTERS, Labor, Nasdaq, Securities, Exchange, U.S . Commerce, International Monetary Fund, Treasury, Cooper Companies Reuters Graphics Reuters, Reuters, Reuters Graphics Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Europe, China, Monday's U.S, Spain, Beijing, payrolls, Shanghai, CrowdStrike

☆ Salesforce raises prices for the first time in 7 years. What it means for the stock
▼ + stars: | 2023-07-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Salesforce (CRM) on Tuesday took another step to deliver profitable growth — a welcome development for investors, like us, which sent its stock price higher. Investors appeared upbeat around the list price increases, which Salesforce said are the first in seven years. "I don't expect it to impact churn much," said Berg, who has a buy rating and $230-per-share price target on Salesforce stock. It's worth noting, large customers will usually negotiate with Salesforce to secure a discount to a product's list price. Previously, a customer who bought 100 licenses at a 20% discount to the old list price would've generated $24,000.

Persons: Salesforce, Needham, Scott Berg, Berg, Mizuho, Marc Benioff's, Benioff, He's, Jim Cramer's, Jim Cramer, Jim, Marc Benioff, Salesforce.com, David Paul Morris Organizations: Service, Industries, Nasdaq, Nvidia, Palo Alto Networks, Devices, CNBC, Salesforce, Mizuho Securities, Bloomberg, Getty Locations: Palo, San Francisco

☆ Market momentum wanes heading into the final week of June after monster rally in the first half
▼ + stars: | 2023-06-23 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Against this backdrop, investors will head into the final week of June with a relatively light economic calendar. However, those few data sets could provide investors with clues on how the market will fare going into the second half. Key inflation data ahead Of note next week is the core personal consumption expenditures index, the Fed's preferred inflation gauge. Reports to watch out for include Tuesday's new home sales and Thursday's pending home sales data, both for May. Elsewhere, BTIG's Jonathan Krinsky warned this week the downside for tech names could be as "equally impressive" as their rally.

Persons: Jerome Powell, annualized, Dow Jones, Terry Sandven, Sandven, that's, Megan Horneman, Stephen Suttmeier, BTIG's Jonathan Krinsky, Art Hogan, Hogan, Mills, Paychex Organizations: Dow Jones, Nasdaq, Federal, Bank of England, Global Wealth Management, Americas, UBS, U.S, Bank Wealth Management, Verdence Capital Advisors, Bank of America, Dow, Riley Wealth Management, Fed, Walgreens, Micron, Nike, Constellation Brands

☆ Hunter Biden to plead guilty in criminal gun and tax case
▼ + stars: | 2023-06-20 | by ( Jacob Shamsian | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Hunter Biden agreed to plead guilty to two criminal charges for failing to pay taxes. The gun charge will likely be dismissed if Biden seeks treatment for substance abuse. In a court filing Tuesday, prosecutors in the US Attorney's office in Delaware said the son of President Joe Biden has agreed to plead guilty to two criminal counts for failing to pay income tax. Hunter Biden reportedly failed to pay around $1.2 million in taxes in 2017 and 2018, but his attorneys say he has since paid the IRS the money in full. House Republicans, armed with their razor-thin majority, have also zeroed in on Hunter Biden through multiple probes.

Persons: Hunter Biden, Joe Biden's, Biden, —, Joe Biden, Prosecutors, David Weiss, Donald Trump's, Weiss, Biden's, Donald Trump, Sen, Chuck Grassley, aren't, James Comer, Hunter, Ian Sams Organizations: Justice, Service, Justice Department, Washington Post, Department, House Republicans, Hunter Locations: Delaware

☆ Why cryptocurrencies are climbing after the SEC sued the largest U.S. crypto exchange
▼ + stars: | 2023-06-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

It's only Tuesday, but the Securities and Exchange Commission has already brought legal action against two of the biggest platforms in crypto – and to the surprise of some, crypto prices are climbing. What began as a muted reaction Tuesday to the SEC's lawsuit against Coinbase , the largest U.S. crypto exchange and first publicly listed crypto company, turned into a positive one. At one point in the afternoon, bitcoin and ether had nearly recovered their losses from the previous day's crypto market sell-off, sparked by the SEC's lawsuit against Binance, the largest crypto exchange in the world. Investors are also now anticipating another Fed rate hike, which has typically weighed on crypto prices. "Crypto prices are up 60% or more YTD, the crypto winter is over," he added.

Persons: It's, Coinbase, Matt Hougan, Hougan, that's, bitcoin, Ric Edelman, Gary Gensler, We're, Edelman Organizations: Securities and Exchange Commission, Coinbase, Investors, Binance, SEC, CNBC, Digital Assets, Financial Professionals, Republican Locations: U.S, Coinbase

Trump was found liable for sexual abuse in a civil trial after a years-long legal battle with E. Jean Carroll. Carroll's trial was the first time Trump has confronted sexual misconduct allegations at trial. "In the general, it would repel swing voters," Roe predicted, though he declined to weigh the potential damage because the election remains 18 months away. When it comes to hitting Trump on the verdict, Roe said 2024 candidate and former Arkansas Gov. Whereas he suspects that others like Trump administration alumni Nikki Haley "still want Trump voters to come their way," so they'll be less inclined to alienate MAGA supporters.

☆ Inflation cooled down again in February as the Fed wrestles with the Silicon Valley Bank failure
▼ + stars: | 2023-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The consumer price index rose 6.0% year-over-year in February, less than January's year-over-year change of 6.4%. The cooldown should be welcome news to the Fed as it prepares for its interest rate decision next week. According to Tuesday's consumer price index (CPI) report from the Bureau of Labor Statistics, CPI soared 6.0% year-over-year in February. More specifically, the change for the index for food at home was 10.2%, higher than the year-over-year change of 8.4% for food away from home. The Fed will also have to confront a new round of financial turmoil after regulators recently closed Silicon Valley Bank and Signature Bank.

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