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Seoul, South Korea CNN —South Korea’s leader on Thursday said he plans to create a new government ministry to tackle the “national emergency” of the country’s infamously low birth rate as it grapples with a deepening demographic crisis. In a televised address, President Yoon Suk Yeol said he would ask for parliament’s cooperation to establish the Ministry of Low Birth Rate Counter-planning. “We will mobilize all of the nation’s capabilities to overcome the low birth rate, which can be considered a national emergency,” he said. South Korean President Yoon Suk Yeol at a press conference in Seoul, South Korea, on, May 9, 2024. Countries like South Korea, Japan and China, however, have shied away from mass immigration to tackle the decline in their working age populations.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Kyung, Fumio Kishida Organizations: South Korea CNN, of, South, AP, Korea, Families Agency Locations: Seoul, South Korea, Korea, Japan, China

☆ A bearish options trade on a one-time tech darling that could struggle in the new AI world
▼ + stars: | 2024-05-08 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

I think shares of the one-time cloud computing darling are at risk of falling even lower and I will give a bearish options trade to capitalize on it. As CRM matures and growth rates moderate, it simply cannot continue to command the industry-leading valuations it once did and has to face the reality of its fundamentals. This suggests that CRM will likely continue to trade back towards the midpoint of the range in the $210-220 area. This makes a valuation that is 40% higher than the S & P 500 harder to justify when growth rates are slowing down significantly. The trade With earnings in three weeks, CRM options prices are slightly elevated and warrant using a spread to lower the cost of seeking bearish exposure.

Locations: Salesforce

☆ Biden calls US ally Japan ‘xenophobic’ along with Russia and China
▼ + stars: | 2024-05-02 | by ( Arlette Saenz | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden on Wednesday called close US ally Japan “xenophobic” at a Washington, D.C., fundraiser, just weeks after lauding the US-Japan alliance at a state dinner. The president made the remark while arguing that Japan, along with Russia and China, would perform better economically if the countries embraced immigration more. Because we welcome immigrants,” Biden said, according to reporters traveling with the president at a fundraiser with Asian American and Pacific Islander supporters. Immigrants are what makes us strong.”Biden had similarly cast Japan, Russia and China as “xenophobic” during an interview with a Spanish language radio station in March. The latest critique of Japan comes less than a month after he hosted Japanese Prime Minister Fumio Kishida for a state visit.

Persons: Joe Biden, ” Biden, “, ”, Fumio Kishida, Biden, Jessie Yeung Organizations: CNN, D.C, American, Pacific, Immigrants, Japanese, White House Locations: Japan, Washington, Russia, China

☆ Joseph Stiglitz on why America's appetite for Trump endures
▼ + stars: | 2024-05-01 | by ( William Edwards | ) www.businessinsider.com time to read: +12 min

If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."

Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, —, that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America

☆ Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board
▼ + stars: | 2024-04-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Activist investor Ancora received a powerful endorsement in its efforts to secure a board change and to oust Norfolk Southern CEO Alan Shaw on Monday, when proxy advisor Glass Lewis recommended the railroad's shareholders vote for 6 of Ancora's board nominees. "We believe Ancora has presented a compelling case for supporting a substantial overhaul of the Company's current leadership," Glass Lewis said in its report. Furthermore, Glass Lewis said Barber, Ancora's pick for CEO, and Jamie Boychuk, the activist's pick for COO, "have compelling credentials and track records." Ancora also seeks to install former CSX executive Boychuk as Barber's chief operating officer. Their support, coupled with Glass Lewis' endorsement, gives the activist powerful ammunition as it seeks to convince shareholders.

Persons: Ancora, Alan Shaw, Glass Lewis, Betsy Akins, Jim Barber, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, Shaw, Amy Miles, Barber, Ancora's, Jamie Boychuk, Boychuk, John Orr Organizations: Norfolk Southern, Teamster, UPS, CNBC, CSX, Canadian National, CN, NSC, Norfolk Locations: Norfolk Southern, East Palestine , Ohio, Norfolk

☆ Ukraine Could Use New Weapons to Hit Russian Targets in Crimea, Pentagon Says
▼ + stars: | 2024-04-25 | by ( Helene Cooper | More About Helene Cooper | ) www.nytimes.com time to read: +2 min

Pentagon officials refused to specify the exact number of long-range systems that have been sent to Ukraine. The Biden administration sent the longer-range ATACMS secretly, to avoid alerting the Russians. President Biden’s decision in February to send more than 100 of the longer-range systems to Ukraine was a major policy shift. But more than two years into Russia’s invasion and occupation of Ukraine, Mr. Biden’s calculus has changed, administration officials said. As Congress spent months considering another aid package for Ukraine, its troops ran out of ammunition and equipment and lost territory to a slow but steady Russian advance.

Persons: Biden, ATACMS, Volodymyr Zelensky, Gen, Oleksandr Syrsky, they’ve, Charles Q, Brown Jr, Biden’s Organizations: Joint Chiefs of Staff, Georgetown University Institute of Politics, Service Locations: Ukraine, Berdiansk, U.S, Dzhankoi, Crimea, Russia

☆ Ryan Garcia: Boxer was three pounds overweight for major fight. It went ahead and he shocked the world
▼ + stars: | 2024-04-24 | by ( Jonny Velasquez | Ben Morse | ) edition.cnn.com time to read: +7 min

Ahead of the fight, Garcia missed the weight limit for the bout, which ended his chances of competing for a world title on April 20. “In the ring, I’m gonna beat your a**,” Garcia posted on Instagram ahead of the fight. I bet you hoped it was some kind of mental health issues.”Many speculated that Ryan was going through a mental health crisis, including boxing promoter Eddie Hearn. Garcia hasn’t shied away from talking about his struggles with mental health. During the press conference for the fight, Haney asked Garcia to pay him $500,000 per pound if he missed weight.

Persons: jabbed, Ryan Garcia, Canelo, Óscar Valdez, Lord Jesus Christ, of Kings, Lord of Lords, ” Garcia, Garcia, Andrea Celina, Haney, It’s, reestablishes Garcia, “, Devin Haney, ”, I’m, Cris Esqueda, Muhammad Ali, Mike Tyson, Tyson Fury, Deontay Wilder, Ryan, Eddie Hearn, Ryan Garcia implode, ” Hearn, Garcia hasn’t shied, Luke Campbell, you’re, Emmanuel Tagoe, ‘, he’s, Youtuber, Jake Paul, Garcia’s, Garcia pounced, Saturday’s, Gervonta Davis Organizations: CNN, WBC, Barclays Center, Truman, Boxing Social, Breakfast, ” CNN, New York State Athletic Commission, ESPN Locations: Brooklyn , New York, San Antonio , Texas, New York State

☆ Biden wants to sell blue-collar workers the American Dream of a failing China
▼ + stars: | 2024-04-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden on Wednesday pitched his version of US-China relations to steelworkers in Pennsylvania — that Beijing isn't only failing to catch up, but struggling on its own. "They've got a population that is more people in retirement than working," Biden said of China. Those were some of the harshest comments Biden has ever made about China, though it's unclear how the president calculated his retirement figures. Instead of posturing himself a Mr. Fix-It, or a lone warrior fighting the good fight against a strong Beijing, Biden on Wednesday told blue-collar workers that the competition, as it stands, already favors America by a landslide. AdvertisementThe metals industry provides more than 120,000 jobs in Pennsylvania and some $33 billion in economic output, per an April 2023 report published by the Pennsylvania Steel Alliance.

Persons: —, Joe Biden, They've, Biden, Donald Trump, Trump, I've, China's, Biden shied Organizations: Service, Wednesday, steelworkers, US Steelworkers, Business, Republican, US Steel, Japanese Nippon Steel, American, Pennsylvania Steel Alliance . Pennsylvania Locations: China, Pennsylvania —, Beijing, Pittsburgh, Washington, America, Pennsylvania

☆ A top Nvidia shareholder reveals his trigger for selling growth stocks
▼ + stars: | 2024-04-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Nvidia shares have continued to soar this year, up more than 80%. "We emphasize risk management much more than many growth investors," Shant told CNBC Pro. When should investors sell growth stocks? When asked about the right time to sell a growth company like Nvidia, Shant pointed to the firm's latest research note titled "Buy and Hold Forever?" [As in] they can't actually make enough to meet expectations in that quarter," Shant told CNBC's Squawk Box Friday.

Persons: they've, Raj Shant, Shant, We're, CNBC's, Jennison, Morgan Stanley Organizations: Nvidia, Jennison Associates, CNBC Pro, Global Equity, Novo Nordisk, Norges Bank, Barclays

☆ Restraint or retribution? Israel faces dilemma in its response to Iran’s attack
▼ + stars: | 2024-04-15 | by ( Nadeen Ebrahim | Jeremy Diamond | ) edition.cnn.com time to read: +10 min

Israel must balance international pressure to show restraint on the one hand, while searching for an appropriate response to an unprecedented attack. Western and Arab allies of Israel have been discouraging it from responding to Iran’s attack. Benny Gantz, a key member of the war cabinet, has pushed for a swifter response to Iran’s attack, two Israeli officials told CNN. He believes that the longer Israel delays its response to Iran’s attack, the harder it will be to garner international support for it, the sources said. Risking Arab tiesArab states, including those that are friendly with Israel, have expressed concern about a potential escalation from Iran’s attack, but haven’t outright condemned it.

Persons: CNN —, Benjamin Netanyahu, ”, Raz Zimmt, Israel …, Amir Cohen, ” Zimmt, Alon Pinkas, Tamir Hayman, Israel’s, Jordan, ” Hayman, Joe Biden, Biden, Adam Schultz, Netanyahu, Netanyahu’s, it’s, ” Pinkas, Pinkas, Louai Beshara, Israel, ” Yaakov Amidror, Iran’s, Benny Gantz, haven’t, CNN’s Becky Anderson, Ayman Safadi, ” Safadi Organizations: CNN, Islamic, Analysts, Hamas, Institute for National Security Studies, Sunday, Reuters, National Security, White, Domestic, Getty Locations: CNN — Israel, Islamic Republic, Israel, Iran, Damascus, Gaza, Tel Aviv, Tehran, Ashkelon, Israeli, France, Pinkas, Iranian, Syria, AFP, Rafah, United States, Jerusalem, Jordanian, “, Persian, Hormuz

☆ Why this market has left behind direct-to-consumer companies like Warby Parker, AllBirds and Rent the Runway
▼ + stars: | 2024-04-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Direct-to-consumer brands – household names like HelloFresh, Peloton, Allbirds, Stitch Fix, Warby Parker and Rent the Runway, which cut out traditional retailers, wholesalers and other middlemen – have been falling. Investors shied away from high-growth stocks and retreated into companies with solid fundamentals and, most importantly, lots of profit. The problem is that none of these direct-to-consumer (DTC) companies have managed to make the transition to profitability themselves. Rent the Runway was down $114 million, and mattress company Purple lost about $121 million. Other companies, like SmileDirectClub, which went public in 2019, and Winc, a wine subscription company that went public in 2021, have declared bankruptcy.

Persons: Allbirds, Warby Parker, don’t, they’ll, ”, Ben Cogan, they’ve, Cogan, Casper, “, it’s, Sesame, Michael Botta, Tesla, Chris Isidore, Elon Organizations: New, New York CNN, Agora, CNN, Hubble, Venture, “, Companies, Wonder Group, Durational Capital Management, Costco, Western, Tesla Locations: New York

☆ Biden and Xi speak for first time since November summit amid global tensions
▼ + stars: | 2024-04-02 | by ( Mj Lee | Donald Judd | ) edition.cnn.com time to read: +7 min

It is about verifying, as the president says,” the official told CNN when asked about Xi’s pledge that Beijing will not interfere in the US’ 2024 election. The Biden administration plans to continue stressing to Beijing the US’ grave concerns about Chinese efforts to hack US critical infrastructure, the official said. “We would hope there would be a chance for another in-person meeting” in the near future, the senior administration official said. A Treasury official told reporters Monday she planned to have frank discussions on what the administration considers “unfair” trade practices from China. In January, Sullivan met with the Chinese foreign minister in Bangkok, and Blinken met with the Chinese official in Munich in February.

Persons: Joe Biden, Xi Jinping, Biden, ”, Antony Blinken, Xi, Xi –, Jake Sullivan, Vladimir Putin, “, Yellen, Janet Yellen, Sullivan, Blinken, Lloyd Austin, CNN’s Sam Fossum, Arlette Saenz Organizations: Washington CNN, White, Biden, CNN, Treasury, Defense Locations: Gaza, Ukraine, Washington, Beijing, Taiwan, South, Taiwan Strait, China, Woodside , California, California, ”, Russia, Guangzhou, Bangkok, Munich

☆ ‘Lose weight quick’ online schemes don’t work. Dr. Mike offers these 5 tips instead
▼ + stars: | 2024-03-30 | by ( Andrea Kane | ) edition.cnn.com time to read: +9 min

Dr. Mikhail Varshavski is known as Dr. Mike on social media. “Zoom out of just thinking about, ‘What I can take or what I can eat?’ and understand that there’s a lot of other things that impact your weight,” Dr. Mike said. “(Make) sure that you get help when it comes to mental health issues and concerns,” Dr. Mike said. For example, Dr. Mike said he recently had a guest on his podcast who tried to equate a chocolate kiss to a grape. While you may compare them based on their sugar content, that’s one way to categorize them,” Dr. Mike said.

Persons: Sanjay Gupta, what’s, Mikhail Varshavski, Mike, “, Ponce de León, we’re, ” Dr, Dr, ”, ” “, edu ”, ‘, That’s, “ It’s, You’re, Skip, you’re, Jennifer Lai Organizations: CNN, Facebook, YouTube, TED, Inc, US Centers for Disease Control, Harvard Medical Locations: Chatham , New Jersey, Ponce, “ .

☆ Why Ireland is the most pro-Palestinian nation in Europe
▼ + stars: | 2024-03-29 | by ( Eoin Mcsweeney | Niamh Kennedy | ) edition.cnn.com time to read: +15 min

“But like Palestine, (Ireland) had direct and sustained experience of imperialism,” she said. Mousa Salem/Anadolu Agency/Getty Images Palestinians transport bags of flour on the back of trucks as humanitarian aid arrives in Gaza City on March 6. Omar Qattaa/Anadolu Agency/Getty Images Palestinians wait to receive food at a refugee camp in Rafah on January 27. AFP/Getty Images Palestinian boy Ahmed Qannan, suffering from malnutrition, receives treatment at a health-care center in Rafah on March 4. Yasser Qudih/Anadolu Agency/Getty Images People in a crowd struggle to buy bread from a bakery in Rafah on February 18.

Persons: Benjamin Netanyahu’s, Micheál Martin, Israel, “, Zoë Lawlor, ”, Jane Ohlmeyer, Leo Varadkar, ” Varadkar, Abdalmajid, Volker Turk, Ohlmeyer, Clodagh Kilcoyne, Ronald Storrs, Seán Gannon, Simon Harris, ” Israel, Amihai Eliyahu, Netanyahu, Dana Erlich, Emily Hand, Varadkar’s, Eli Cohen, Varadkar, Sinn Féin, Mary Lou McDonald, ” Matt Carthy, Sinn, ” Lawlor, Loay, Fadi, Kamal Adwan, Omar Qattaa, Saher, Ahmed Qannan, Mohammed Salem, Said Khatib, Dawoud Abo, Jehad, crouches, Abed Zagout, Yazan, Rabie Abu Noqaira, Mohammed Abed, Alexi J . Rosenfeld, Yasser Qudih, Fatima Shbair, Lawlor, Carthy Organizations: CNN —, Israel, International Court of Justice, Irish, Irish Palestine Solidarity, Trinity College Dublin, Ireland, “, CNN, Irish Free State, Republic of Ireland, Hamas, United Nations, Jewish, Republican Irish, European Union, West Bank, Newstalk, Irish Palestine Solidarity Campaign, Washington Post, Kamal, Anadolu Agency, Getty, AFP, UN, Reuters, US Air Force, UPI, Dawoud Abo Alkas, Amnesty, Irish Times, State Locations: CNN — Ireland, Ireland, Gaza, Israel, Gaza “, South Africa, Irish Palestine, Palestinian, Irish, Palestine, London, St, dispossession, Ulster, United Kingdom, Northern Ireland, Republic of, Dublin, Jerusalem, Jewish Ulster, Republic of Ireland, Ireland Ireland, Limerick, Rafah, Mousa Salem, Gaza City, AFP, Jordanian, Februrary

☆ China pushes banks to speed up approvals of new loans to private developers: Reuters
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +1 min

Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive homebuyer sentiment that risks denting lenders' asset quality. Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive homebuyer sentiment that risks denting lenders' asset quality. The property sector in the world's second-largest economy has lurched from one crisis to another since 2021, after a regulatory crackdown on developers' high leverage led to a liquidity crisis. The sources spoke on condition of anonymity because they were not authorized to speak to the media on the subject. Developers and bank statements say banks have been reluctant to grant new loans to property projects, while mostly extending maturity and lowering interest rates of existing loans.

Organizations: Reuters, National Financial Regulatory Administration Locations: Beijing

☆ AI-powered Cherish Health has raised $26 million and is set to raise a $30 million Series B — and hasn't grabbed a single dollar from VCs. Here's why.
▼ + stars: | 2024-03-25 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

But with his latest startup, Cherish Health, he's taking a different approach. To date, Cherish Health, which makes a radar-based device to detect falls in the home, has raised $26 million from these alternative sources. Cherish Health is now gearing up to raise its Series B round, targeting $30 million at a $200 million valuation. In late 2022, Cherish Health landed $5 million in Series A funding led by Alarm.com at a $45 million valuation. If Cherish Health had gone the way of traditional venture capital, Nagpal said, "we would've given up most of our value by now."

Persons: Sumit Nagpal, Nagpal, he's, we've, JP Morgan, Health's, Health, Alarm.com, consortiums, aren't Organizations: pharma, Abbott, Business, Accenture, Health, Apple, Comcast, Amazon, Cherish Health Locations: Alere, Haven, Amazon , Berkshire, Alarm.com, VCs

☆ Ukraine says it will hit Russia's precious oil refineries even if the US tells it not to
▼ + stars: | 2024-03-22 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

The US has urged Ukraine not to strike Russian oil refineries, fearing it could drive up prices and prompt retaliation, reports say. Ukraine has ramped up its attacks in recent months, targeting Russia's energy infrastructure. Ukraine has ramped up its attacks on Russia's energy infrastructure in recent months, conducting long-range drone strikes on some of its biggest oil refineries. Russian Emergencies Ministry/ReutersShortly after the Financial Times report, a Ukrainian government official responded publicly, saying that Ukraine would continue to strike oil refineries. More than 10 major refineries and depots have been damaged, and oil prices have spiked in recent weeks.

Persons: —, Biden, Olga Stefanishyna, Diego Herrera Carcedo, Torbjörn Törnqvist Organizations: US, Service, Financial Times, Russian Emergencies Ministry, Reuters, Anadolu Agency, Getty, Gunvor Locations: Ukraine, Washington, Russia, Ukrainian, Klintsy, Bryansk Region, Bakhmut, Donetsk Oblast, Dnipro

☆ A 35-year investing veteran explains how to accelerate retirement returns that beat the S&P 500 by transferring part of an IRA into a real estate fund. Plus, the 3 main risks.
▼ + stars: | 2024-03-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Investing without owningLike real-estate investment trusts (REITs), real-estate funds provide exposure to the tangible asset class without owning and managing property. Investing directly through a private real-estate fund would take a few extra steps. The process requires an investor to identify a real-estate fund of interest. Once that's completed, funds from the retirement account are directly transferred into the real-estate fund. It's also important to read the terms of each fund; some may have added costs for repairs, expenses, and maintenance, which your IRA funds would cover.

Persons: Paul Daneshrad, Daneshrad, He's, we're, Dow, there's, Roth, that's, Gary Diamond, Fishman, Diamond, It's Organizations: Starpoint, Business, Federal, CPA

While White House officials say they have largely reached the limits of their power to protect abortion rights, the issue has emerged as a linchpin of their re-election strategy. The tour is part of a White House initiative led by Ms. Harris to highlight abortion rights. The mere sight of a top Democratic official walking into an abortion clinic will offer the clearest illustration yet of how the politics of abortion rights have shifted for the party — and the nation. Mr. Biden has promised to restore federal abortion rights and preserve access to medication abortion, which faces new threats from a case set to be argued before the Supreme Court this month. He barely mentioned abortion rights during his 2020 campaign, a reflection of his discomfort with discussion of the issue and how little his strategists believed abortion energized swing voters.

Persons: Kamala Harris, Harris, Roe, Wade, Tim Walz, . Walz, Betty McCollum, shied, Biden’s, Donald J, Mr, Biden, ”, Reid J, Epstein Organizations: White, The, of Family, Gov, Minnesota, Democratic, Republicans Locations: Twin Cities, Minnesota, KFF, Texas, Roe

☆ 'Black Swan' fund manager Mark Spitznagel expects the stock market to rally further before we hit the 'worst crash since 1929.' He explains how investors should think about their portfolios to survive
▼ + stars: | 2024-03-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The fund made headlines for returning 4,144% amid the 2020 stock market crash, an example of a so-called black-swan event. And when the market moves one way, we think that's going to happen forever." Spitznagel's main don'ts to mom-and-pop investors are; don't chase the market, don't time the market, don't place too much confidence in its current direction, and don't make decisions based on short-term Fed moves. Instead, build a portfolio that's positioned so that if the market goes down by 50%, you won't be squeezed. And if the market is up 50%, don't be the sucker that's going to buy up there", Spitznagel said.

Persons: Mark Spitznagel, Spitznagel, Ray Dalio, We're Organizations: Universa Investments, Business

☆ Trump confirms he met with Elon Musk, but they disagree about electric cars
▼ + stars: | 2024-03-11 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

Donald Trump doesn't see eye-to-eye with Elon Musk on electric vehicles. Trump confirmed he met with Musk but said he doesn't know if he'll get his support. AdvertisementDonald Trump may be courting Elon Musk for potential campaign support, but don't expect the former president to change his messaging on EVs anytime soon. Trump met with Musk in Palm Beach, Florida, last week, as he looks to boost donations to his presidential campaign. During the Trump administration, Musk served on two presidential advisory councils but left after Trump elected to withdraw the US from the Paris Climate Accords.

Persons: Donald Trump, Elon Musk, Trump, Musk, he'll, —, CNBC's SquawkBox, Biden, Tesla, Biden's Organizations: Biden, Service, Lunacy, Trump, Paris Climate, EV, Trump hasn't, White, Monday, United Auto Workers Locations: China, Palm Beach , Florida, Paris

☆ Federal Reserve Chair Jerome Powell Will Help Decide the 2024 Election
▼ + stars: | 2024-03-11 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Beyond the academic argument, whether the Fed cuts interest rates has a significant political bearing this year. Voters are unhappy about higher prices, and they feel weighed down by high interest rates, too. Interest rates may seem abstract, but they can have a real impact on how people view their financial situations. But lowering interest rates should make people feel better about economic conditions and could give Democrats and Biden a boost. He's well aware lower interest rates would boost the economy, lift people's moods, and, ultimately, help the party in charge.

Persons: Jay Powell, — Donald Trump —, Powell, Joe Biden, Patrick McHenry, McHenry, Skanda Amarnath, it's, Larry Summers, Biden, Amarnath, — Trump, Hillary Clinton's, Richard Nixon, Ronald Reagan, Paul Volcker, Volcker, shied, Trump, Elizabeth Pancotti, Sarah Binder, Binder, what's, They've, Diane Swonk, Emily Stewart Organizations: Federal, Trump, Republican, Financial Services, Fed, Roosevelt Institute, George Washington University, Reserve, KPMG US, Business Locations: North Carolina, It's, America, Roosevelt

☆ Sam Altman set to return to OpenAI's board of directors nearly 5 months after surprise ouster
▼ + stars: | 2024-03-08 | by ( Katherine Tangalakis-Lippert | Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

CEO Sam Altman will be reinstated to OpenAI's board of directors. Bret Taylor, chair of OpenAI's board, said members "unanimously concluded" Altman is right to lead the company. The AI startup will also bring on three additional new board members, the company announced. AdvertisementOpenAI CEO Sam Altman is set to return to OpenAI's board of directors, the company announced Friday. "We have unanimously concluded that Sam and Greg are the right leaders for OpenAI," Bret Taylor, chair of the OpenAI board, said in a statement released Friday.

Persons: Sam Altman, Bret Taylor, Altman, —, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Sam, Greg, Toner, McCauly, Sutskever, Elon Musk, OpenAI, Melinda Gates, Sue Desmond, Hellman, Nicole Seligman, Fidji Simo Organizations: Service, OpenAI, Elon, Melinda Gates Foundation, Sony Entertainment, Business Locations: OpenAI, xAI

☆ Taylor Swift encourages followers to head to the polls on Super Tuesday
▼ + stars: | 2024-03-05 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Taylor Swift posted a note on Instagram Tuesday to encourage her more than 282 million followers on the platform to vote. “Today, March 5, is the Presidential primary in Tennessee and 16 other states and territories,” Swift, who has a home in Tennessee, wrote. “I wanted to remind you guys to vote the people who most represent YOU into power. If you haven’t already, make a plan to vote today,” Swift continued. She had largely shied away from politics until ahead of the midterm election in 2018, when Swift endorsed Tennessee Democrats Phil Bredesen and Jim Cooper, who were running for Senate and House of Representatives, respectively.

Persons: CNN — Taylor Swift, ” Swift, “, Joe Biden, Swift, Phil Bredesen, Jim Cooper, ”, ” “, Cooper, Bredesen Organizations: CNN, “, Tennessee, Representatives, Congress Locations: Tennessee, Tennesse, vote.org

☆ Dollar a spectator to China news, yen ponders rate risks
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: +3 min

There was more action in bitcoin , which gained 1.2% to $68,341 after surging more than 7% on Monday. The Japanese yen held steady after data showed Tokyo core inflation sped up to 2.5% in February, from 1.8% the previous month. "Accordingly, we're sticking to our forecast that the Bank of Japan will hike interest rates into positive territory next month." The dollar was a fraction lower at 150.44 yen , having again shied away from resistance around 150.85, which has capped the currency for more than three months now. The European Central Bank, or ECB, holds a meeting on Thursday and markets are convinced it will keep rates at 4.0%.

Persons: Marcel Thieliant, Jerome Powell, Sterling, Jeremy Hunt Organizations: People's Congress, Bank of Japan's, Capital Economics, Bank of, Federal Reserve, European Central Bank, ECB, Westpac, . Finance Locations: China, Tokyo, Japan, bitcoin, United States, Beijing, Asia, Bank of Japan

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