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☆ Stock market today: futures slip ahead of Amazon earnings and a key Fed update
▼ + stars: | 2024-04-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

US stock futures retreated on Tuesday as Wall Street awaited key earnings reports and a Fed update. AdvertisementStocks drifted lower in premarket trading on Tuesday as investors held their breath for marquee earnings reports and a critical update from the Federal Reserve. "If that's the case, we could see a further meltdown in Fed rate cut expectations. The next stop is no rate cut in 2024, which would be a cold shower for the bulls," she added. "If the Fed expectations turn undesirably hawkish, we could see the equity rally stall," Ozkardeskaya said.

Persons: Eli Lilly, McDonald's, —, Jerome Powell, Ipek Ozkardeskaya, it's, undesirably, Ozkardeskaya Organizations: Starbucks, Service, Federal Reserve, Dow Jones Industrial, Nasdaq, Treasury, Swissquote Bank

☆ Good news for Lauren Boebert: Republicans chose a special election candidate who won't run against her in the primary
▼ + stars: | 2024-03-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Colorado Republicans narrowly chose former mayor Greg Lopez to complete Rep. Ken Buck's term. She sat out the special election because it would've triggered another special election. AdvertisementColorado Republicans narrowly chose Greg Lopez to serve the remainder of former Rep. Ken Buck's term. In other words, he won't run against Boebert in the ongoing GOP primary to represent Colorado's 4th congressional district for a full term. Congratulations to Greg Lopez, who will be a strong Congressman finishing out the remainder of Ken BUCKLE’S term!

Persons: Greg Lopez, Ken Buck's, Lauren Boebert, —, Lopez, Jerry Sonnenberg, who's, Buck, George Santos, Boebert, would've, she's, Buck —, Joe Biden, Ken BUCKLE’S, Greg, … — Lauren Boebert Organizations: Colorado Republicans, Service, Boebert, Republicans Locations: Parker , Colorado, Colorado's, Hugo , Colorado, Logan, Colorado, Denver, redder

☆ Lauren Boebert 'makes George Santos look like a saint,' says retired House Republican who she's trying to replace
▼ + stars: | 2024-03-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Former Rep. Ken Buck recently sounded off against Lauren Boebert, who's now running for his seat. He said the congresswoman and her various controversies "makes George Santos look like a saint." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAccording to audio that recently aired on a Colorado talk radio station, former Rep. Ken Buck doesn't think all that highly of Rep. Lauren Boebert. "She makes George Santos look like a saint," Buck can be heard saying on the audio heard on the "Dan Caplis Show."

Persons: Ken Buck, Lauren Boebert, who's, George Santos, Boebert, Buck, —, Ken Buck doesn't, Dan Caplis, Santos, I've, he's, She's Organizations: Service, New York Republican, Politico, Rotary, Colorado Republicans, GOP Locations: Colorado, loggerheads, Colorado's 4th, Boebert

☆ Lauren Boebert brags about securing $20 million in funding that she voted against: 'Can't wait for the ribbon cuttings'
▼ + stars: | 2024-03-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Rep. Lauren Boebert voted against a bill containing $20 million for the district she's abandoning. "Can't wait for the ribbon cuttings and to see these priorities come to fruition," she said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEarlier this month, Rep. Lauren Boebert voted against a must-pass government funding bill that contained more than $20 million for the Colorado district she's now abandoning. AdvertisementBoebert was among 40 House Republicans who voted on March 6 against the so-called "minibus" — which funds vast swaths of the federal government — despite having secured federal funding for their districts.

Persons: Lauren Boebert, —, Boebert, Sleepy Joe, Nancy Pelosi —, It's, it's, she's, Ken Buck's, who's Organizations: Service, Republicans, Green, Deal, Green New, GOP, Rep Locations: Colorado, Wolf

☆ Lauren Boebert has to tie herself in knots to win her new Colorado seat
▼ + stars: | 2024-03-18 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

Rep. Lauren Boebert faces yet another election hurdle in Colorado's 4th district. Rep. Ken Buck's resignation has led to a special election coinciding with the GOP primary. Boebert must persuade voters to support her and another candidate on the same ballot, for the same seat. AdvertisementAmid family drama and negative media coverage, Rep. Lauren Boebert faces yet another hurdle to being elected in November. She must now persuade voters to support her while backing another candidate for a special election on the same ballot.

Persons: Lauren Boebert, Ken Buck's, —, Boebert Organizations: Rep, GOP, Service Locations: Colorado's 4th

☆ Lauren Boebert says special election triggered by Ken Buck's resignation is 'swampy' and could 'confuse voters'
▼ + stars: | 2024-03-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Rep. Ken Buck is retiring, teeing up a special election in Colorado's 4th district on June 25. It could shake up the GOP primary where Lauren Boebert is running, and she's raising concerns. "This has a lot of potential to confuse voters, which is problematic," said Boebert. AdvertisementRep. Lauren Boebert is raising alarms about the special election that's now set to take place in the district where she recently moved. Republican Rep. Ken Buck, who represents the state's 4th congressional district, announced on Tuesday that he would resign from the House in just two weeks.

Persons: Ken Buck, teeing, Lauren Boebert, —, Jared Polis, Boebert Organizations: GOP, Service, Republican, Democratic, Business Locations: Colorado's

☆ A GOP lawmaker is abruptly leaving Congress, making Mike Johnson's life even harder
▼ + stars: | 2024-03-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Rep. Ken Buck, a Colorado Republican, abruptly announced that he's leaving Congress next week. AdvertisementRep. Ken Buck, a Colorado Republican, announced on Tuesday that he will leave Congress next week, further weakening the GOP's already thin House majority. House Republicans must still reach a deal with Senate Democrats and the White House on a long-term spending deal. Fellow Colorado Republican Rep. Lauren Boebert also faces her own difficult decision. A member of the far-right Freedom Caucus, the Colorado Republican has shown an increasing ability to defy his party.

Persons: Ken Buck, Mike Johnson, —, Dana, Trump, Biden, Buck, Mike Johnson's, Johnson, Joe Biden, Jared Polis, Lauren Boebert, Boebert, carpetbagging, Kevin McCarthy, Steve Scalise, Alejandro Mayorkas, impeaching Mayorkas, I've Organizations: Colorado Republican, Service, CNN, GOP, New, Johnson . House Republicans, Democrats, White, Colorado Gov, Homeland, Caucus Locations: Colorado, New York, Ukraine, Israel, Taiwan, Logistically

☆ Republican Rep. Ken Buck is exiting Congress early, further eroding GOP majority
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: +2 min

Rep. Ken Buck, R-Colo., who announced last fall he would not seek re-election, said Tuesday he will resign from Congress at the end of next week, further shrinking the GOP's already razor-thin majority. "Today I am announcing that I will depart Congress at the end of next week," Buck said in a statement. His departure will cut the House Republican margin to 218-213; Speaker Mike Johnson, R-La., will still have two votes to spare before needing Democrats to govern. Speaking to reporters shortly after the news broke, Johnson suggested he did not get a heads-up from Buck. Most recently, Buck broke with his party and was one of three Republicans who voted against the impeachment of Homeland Security Alejandro Mayorkas.

Persons: Ken Buck, Alejandro Mayorkas, Buck, Mike Johnson, Johnson, Pat Fallon, Donald Trump's, Joe Biden Organizations: Rep, Chamber, Representatives, Homeland, U.S, Capitol, Washington , DC, Republican, GOP, Caucus Locations: Washington ,, Colorado, Texas, Washington

☆ Stock market today: US futures drop ahead of key inflation reading
▼ + stars: | 2024-02-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

S&P, Nasdaq, and Dow futures traded lower on Thursday ahead of the release of key economic data. The Personal Consumption Expenditures Price Index was set to reveal whether inflation is still cooling. 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 . Futures linked to the S&P 500, Nasdaq 100 and Dow Jones Industrial Average were all down about 0.4%.

Persons: — Organizations: Nasdaq, Dow, Federal, Service, Federal Reserve, Dow Jones, Business

☆ Hershey CEO: We are predicting 2 to 3% sales growth this year
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHershey CEO: We are predicting 2 to 3% sales growth this yearHershey CEO Michele Buck joins 'Squawk on the Street' to discuss Buck's insight into the consumer, the dynamic between higher prices and volume sacrifices, and snacking trends in North America.

Persons: Hershey, Michele Buck Organizations: Hershey Locations: North America

☆ An upgrade, a 'top pick' and a potential deal: 3 of our stocks make news Tuesday
▼ + stars: | 2024-01-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

We're taking a closer look at a few of our stocks in the headlines on Tuesday: Starbucks, Constellation Brands and Walt Disney. The firm said it is looking beyond the current quarter, noting that Starbucks is "underearning vs its potential." Constellation Brands News: Bernstein named Constellation Brands its top pick for 2024 in a Tuesday research note. That's why a potential partnership that would give equity ownership of ESPN to a professional sports league would be so interesting. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Walt Disney, Morgan Stanley, Bernstein, Jim, Bob Iger, Wells Fargo, Nelson Peltz, Jim Cramer's, Jim Cramer, Spencer Platt Organizations: Starbucks, Constellation Brands, Walt, Modelo, Disney, ESPN, National Football League, New York, NFL Media, NFL Network, Players Association, NFL, Netflix, CNBC, People, Starbucks Workers United, Getty Locations: Israel, China, Corona, Pacifico, New, New York City

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Deutsche Bank's CVIX (.DBCVIX) - the currency market's version of Wall St's "fear index" of stock volatility and a weighted average of implied "vol" in nine major pairings - has basically imploded. By driving short-term dollar cash rates and U.S. bond yields higher over the past 20 months, the Fed basically sucked cash from the wider investment world and supercharged dollar exchange rates everywhere. Now that it looks done, the buck's finally on the back foot - plumbing levels not seen since August. With implied volatility directionally biased, the dollar index and the CVIX are typically well correlated and both peaked in tandem in same month of September last year.

Persons: Dado Ruvic, Deutsche Bank's, Chris Turner, Francesco Pesole, BOJ, BOE, Marcelli, Morgan Stanley, Matthew Hornbach, David Evans Organizations: REUTERS, Deutsche, U.S, ING, Graphics Reuters, Reuters, Bank of Japan, European Central Bank and Bank of England, ECB, UBS Global Wealth, Treasury, Thomson Locations: Ukraine, U.S . Federal, Japan, U.S

When the Colorado Republican announced this past week that he would not seek reelection, he began with the type of criticism of Democratic policies that is standard fare for a hard-line conservative. Yet under political pressure in Colorado, Buck decided there was no way forward for him in Congress. Alone among Republicans, Buck said he was opposing Jordan because he had not clearly stated that Biden won the 2020 election. This past week, Trump called Buck a “weak and ineffective Super RINO,” or Republicans In Name Only. The next day, Buck testified about a legal effort in Colorado to ban Trump from the ballot under the Constitution’s “insurrection clause."

Persons: Ken Buck, Buck, “, Donald Trump’s, Democrat Joe Biden, Biden, ” Buck, MAGA, ”, “ MAGA ”, Trump, Liz Cheney, Adam Kinzinger of, Kevin McCarthy, Ken, Chip Roy, I’ll, Marjorie Taylor Greene, Greene, CrossFit, ” Greene, Dick Cheney, Reagan, Cheney, Liz Cheney's, Ronald Reagan, Democratic Sen, Michael Bennet, “ I’ve, Joe Neguse, David Cicilline, Cicilline, Jim Jordan, McCarthy, Jordan, it’s Organizations: WASHINGTON, —, Colorado Republican, Republican, Democrat, Trump, GOP, CNN, Capitol, Republicans, Caucus, Associated Press, Texas, University of Denver, Princeton University, University of Wyoming, Wyoming Rep, Democratic, Democrats, Colorado Democrat, Rhode Island, Apple, Meta, Google, Ohio, Committee's Locations: Colorado, Wyoming, Adam Kinzinger of Illinois, Washington, Denver, Georgia, Iran, Buck's

☆ Republican Reps. Kay Granger, Ken Buck announce they won't seek reelection
▼ + stars: | 2023-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Rep. Ken Buck, R-Colo., talks with reporters before a procedural vote on the debt limit bill in the U.S. Capitol on Wednesday, May 31, 2023. Republican Rep. Ken Buck of Colorado on Wednesday announced he will not seek reelection next year, saying he was "disappointed" in his party, and disillusioned by political gridlock in Congress. Buck's announcement came just hours after another veteran House Republican, Rep. Kay Granger of Texas, the powerful chair of the House Appropriations Committee, confirmed she would not seek reelection next year either. Buck, 64, said he was leaving Congress in large part because he was frustrated with the direction he saw the Republican Party moving in. "Too many Republican leaders are lying to America," he said in a video announcing his retirement.

Persons: Ken Buck, Ken Buck of Colorado, gridlock, Kay Granger, Granger Organizations: U.S, Capitol, Republican, Wednesday, Republicans, Republican Party Locations: Ken Buck of, Congress, Kay Granger of Texas, Fort Worth, Buck, America

☆ A GOP congressman says he received a notice of eviction for one of his district offices over his opposition to Jim Jordan's now-derailed speakership bid
▼ + stars: | 2023-10-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Rep. Ken Buck was opposed to Rep. Jim Jordan's now-unsuccessful bid for the House speakership. Buck received heavy backlash for his stance, and his district offices were flooded with calls. The GOP congressman told NBC News he received an eviction notice for one of his offices over his position. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I have a notice of an eviction because the landlord is mad with my voting record on the speaker issue."

Persons: Ken Buck, Jim Jordan's, Buck, —, wouldn't, Kevin McCarthy of, Jordan, Kristen Welker, I've, Martin Lind, Lind —, Donald Trump, Sen, Cory Gardner, Herschel Walker, Lind, Joe Biden's, Donald Trump didn't Organizations: GOP, NBC News, Service, Colorado Republican, NBC, Pelican, Colorado, Colorado Sun Locations: Weld County, Kevin McCarthy of California, Colorado, Windsor , Colorado, Cory Gardner of Colorado, Georgia, Castle Rock , Colorado

☆ Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says
▼ + stars: | 2023-09-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Russia has embraced the yuan since its invasion of Ukraine triggered western sanctions. The renminbi is now used to settle 75% of its trade with China and 25% of its transactions with other countries, according to official data. The surge comes in the context of a wider de-dollarization drive, with both Moscow and Beijing trying to undermine the buck. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Before war broke out in Ukraine, they were used to settle 87% of export payments and 67% of import payments.

Persons: —, Vladimir Putin, That's Organizations: Service, RBC, Ministry of Economic Development, Reuters, International Monetary Fund Locations: Russia, Ukraine, China, Moscow, Beijing, Brazil, India, South Africa, Middle

☆ A House Freedom Caucus member said there's no evidence Biden's committed a 'high crime or misdemeanor'
▼ + stars: | 2023-09-11 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

A House Freedom Caucus member said there's no evidence linking Biden to a high crime. Appearing on MSNBC on Sunday, Rep. Ken Buck also railed against Rep. Marjorie Taylor Greene. Buck noted the "time for impeachment is the time when there's evidence linking President Biden to a high crime or misdemeanor." In response to Buck's comments, Greene said it seemed like the Freedom Caucus member was pining for a job from the Democratic president. The publicized back-and-forth between Buck and Greene comes several months after the Freedom Caucus booted Greene from their ranks days after she called fellow caucus member Rep. Lauren Boebert a "bitch" on the House floor.

Persons: Biden, Ken Buck, Marjorie Taylor Greene, Joe Biden, Jen Psaki, Buck, Greene, Lauren Boebert Organizations: Caucus, MSNBC, Sunday, Service, Republican, GOP, Freedom Caucus, Democratic, Democrat Locations: Wall, Silicon, Afghanistan

☆ The biggest threat to the dollar is the US itself, top economist Benn Steil warns
▼ + stars: | 2023-08-20 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

But the US itself poses the biggest threat to the buck's dominance, according to Benn Steil. Debt-ceiling standoffs and “growing weaponization” could undermine the currency, he said. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "The biggest threat to the dollar's dominance comes not from competitive alternatives, but from the US government itself," Steil, who's the director of international economics for the Council on Foreign Relations, wrote. "Just as the overuse of antibiotics fuels antimicrobial resistance, excessive use of sanctions prompts targeted countries, as well as potential targets, to reduce their engagement with the US financial system," Steil wrote.

Persons: Benn Steil ., Benn Steil, Biden, Fitch, heightening, Vladimir Putin, that's, Elon Musk, Steil Organizations: Service, Project Syndicate, Council, Foreign Relations, International Monetary Fund, European Union Locations: China, Russia, Wall, Silicon, US, Ukraine

☆ No one wants Subway
▼ + stars: | 2023-07-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

The move comes as Subway has seen its store count decline by the hundreds over the years. In late January, Buck's foundation, where his two sons work, revealed that the late co-founder had left the charity his 50% stake in Subway . Subway has spent the past few years trimming corporate staff and closing stores under CEO John Chidsey. Despite previous years of slumping sales and store closures, Subway has recently gained some momentum. Are you a Subway insider or franchisee with insight to share?

Persons: Trevor Haynes, Haynes, Peter Buck, John Chidsey, Subway's Organizations: Subway, NY Post, Service, nab, New York Post, Bloomberg, Post Locations: Wall, Silicon, Buck's, Subway

☆ MTG has been avoiding the chair of the GOP Freedom Caucus in an attempt not to get kicked out, report says
▼ + stars: | 2023-07-13 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Rep. Marjorie Taylor Greene has been ousted from the GOP Freedom Caucus, a member told NBC. One member told NBC she had been kicked out because of her feuding with other members. "She's not a member of the Freedom Caucus, and she shouldn't be in the future," Buck told NBC. "She has consistently attacked other members of the Freedom Caucus in an irresponsible way, and as a result of that she was kicked out of the Freedom Caucus." And I guess the Freedom Caucus does a good job of talking to you more than [their] members," she told reporters on Tuesday, according to the Hill.

Persons: Marjorie Taylor Greene, MTG, Georgia —, Ken Buck, Greene, Buck, Lauren Boebert, Kevin McCarthy, Scott Perry of, Greene —, haven't, Perry, y'all, McCarthy, Axios Organizations: GOP, Caucus, NBC, Service, NBC News, Freedom Caucus, CNN Locations: Wall, Silicon, Georgia, Ken Buck of Colorado, Colorado, Scott Perry of Pennsylvania

☆ Subway's US restaurant locations have hit their lowest level since 2005 as the company looks to sell – report
▼ + stars: | 2023-05-05 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Subway now has its lowest number of US restaurants since 2005, according to Restaurant Business. The company reportedly closed 571 restaurants in 2022 and operates more than 20,000 nationwide. But more than 6,500 Subway restaurants have closed since 2016, or nearly one of every four restaurants in the country, according to Restaurant Business. Multiple media outlets have reported that the company wants a sale that values the chain at $10 billion. Despite previous years of slumping sales and closing stores, Subway, a privately held company, has recently gained some momentum.

☆ China wants the dollar's dominance to fade - and the US should defend its reserve currency status, Biden nominee says
▼ + stars: | 2023-04-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Lawmakers should raise the debt ceiling to defend the greenback's reserve currency status, he says. "I think there's some evidence that it does," he told Tennessee Senator Bill Hagerty, who had asked whether China wants the dollar's dominance as the global reserve currency to fade. "There are extremely important privileges, and even in the realm of security [there are] benefits to having the reserve currency," Bernstein added. "One of the most obvious is of course sanctions — if you control the reserve currency, you are able to impose sanctions as we've done on Russia to considerable effect." Read more: The anti-dollar drive spearheaded by Asia has spread to Europe, with France growing sour on the greenback's dominance.

The lobbying comes amid a sustained effort by TikTok to play down fears raised by lawmakers who want to ban the app, which has 150 million monthly active users in the U.S. She defended the work of TikTok's team in Washington and said the company is trying to address lawmakers' privacy and safety concerns. At the furthest end of the extreme is the legislation from Hawley and Buck that simply seeks to ban TikTok outright by directing the president to block transactions with ByteDance. Hawley has not eased his campaign to ban TikTok. But after, "our phones were ringing off the hook," with the majority of callers voicing opposition to a TikTok ban.

☆ The dollar slipped this quarter after surging in 2022. Its struggles could be a sign of things to come.
▼ + stars: | 2023-03-31 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The dollar slipped around 1% this quarter on the prospect the Federal Reserve may be close to ending interest-rate increases. Analysts are warning that the greenback's losses could snowball over the rest of 2023. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "Nowhere have we seen interest-rate expectations pared back as much as the US, not among major central banks anyway," OANDA analyst Craig Erlam told Insider. "That change in interest-rate expectations has driven yields much lower which has, in turn, hit the dollar and if they don't bounce back, it could do more," he added.

☆ Starbuck's ex-CEO started his Congressional testimony with an emotional story about his father. It was used against him.
▼ + stars: | 2023-03-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Former Starbucks CEO Howard Schultz told Congress about his father's work injury Wednesday. But Sen. Ed Markey used the anecdote to argue that Starbucks should respect unionizing workers. When Schultz was a child, his father slipped on ice and broke his foot while working as a driver, he said. Markey told the story of his own father, whom he said lost a finger in an accident at work. Starbucks told the Times that the remedies are "inappropriate."

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