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WASHINGTON — The House on Wednesday is poised to pass a funding bill to avert a government shutdown next week after it removed a proposal demanded by Donald Trump that would require Americans nationwide to show proof of citizenship to register to vote. House Republican leaders, facing defections within their ranks, plan to rely heavily on Democratic votes to approve the measure. He blamed Senate Majority Leader Chuck Schumer, D-N.Y., for failing to take up the SAVE Act as a stand-alone measure in the Senate. “We passed the SAVE Act in the summer, and it’s been sitting on Chuck Schumer’s desk collecting dust; that is maddening to us,” Johnson said. “As both parties work to avoid a shutdown, we encourage House Republican leadership to get this bill to the floor and pass it quickly.
Persons: WASHINGTON, Donald Trump, Mike Johnson, Trump, it’s, Johnson, ” Johnson, he’s, “ I’m, Chuck Schumer, , Chuck Schumer’s, , Sen, John Boozman, Dan Bishop, Scott Perry, ” Perry, “ You’re, ” Schumer Organizations: Republican, Democratic, Senate, Secret, Trump, Republicans, SAVE, GOP, , Democrats
The two women with very similar names offer a snapshot of the different surrogate pools for Trump and Harris. The courting of celebrity endorsements is a long-running tradition in presidential politics and one that Democrats generally win. Swift criticized the fake posting, saying it was part of the reason she is backing Harris’ campaign. Even as he downplayed Harris’ level of celebrity endorsements, Trump has tried to use people with celebrity status to appeal to specific voter blocs. Shortly after Swift backed Harris, Trump said she would “probably pay a price” for the endorsement, and five days later on Truth Social he made his bluntest and most direct attack on Swift.
Persons: Kamala Harris, Scarlett Johansson, Donald Trump, Scarlett Johnson, Harris, Johnson, Trump, Johansson, Lara Trump, Vivek Ramaswamy, Oprah Winfrey, Jennifer Lopez, Chris Rock, Meryl Streep, Julia Roberts, Ye, Elon Musk, Hulk Hogan, Lil Wayne, Trump —, Harris ’, Kamala, ” Trump, Winfrey, “ She’s, Jamie Lee Curtis, , Hillary Clinton's, Katy Perry, Clinton, Joe Biden, Taylor Swift, Swift, , Taylor Swift ” Organizations: Liberty, Trump, Democratic, Republican National Committee, Democratic National Convention, West, White, Democrats, Republicans, Puerto, AA, Puerto Ricans, Harvard University, Swift Locations: Wisconsin, Michigan, Hollywood, Pennsylvania, Puerto Rican, Puerto
The report also highlights the types of technological issues that are common within massive federal bureaucracies like the Secret Service. Communications were siloed, and the Secret Service "did not ensure it could share information with local law enforcement partners in real time," the report says. The Secret Service released its own internal report last week. Sen. Richard Blumenthal, D-Conn., who chairs the investigations subcommittee, said the Secret Service engaged in an “Abbott and Costello kind of 'Who’s on First?' He argued Tuesday that the Secret Service was "stonewalling" the congressional investigation.
Persons: WASHINGTON, Donald Trump, Trump, Butler, weren’t, , Sen, Richard Blumenthal, Conn, Abbott, Costello, Blumenthal, , Gary Peters, ” Peters, ” Sen, Ron Johnson, Johnson, Trump's Organizations: Republican, Senate Homeland Security Committee, Investigations, Service, Communications, Trump, Secret Service, Secret, Department of Homeland Security, Homeland Security, NBC News, Unmanned Aircraft Locations: Butler , Pennsylvania, Butler
As a federal criminal investigation hangs over former World Wrestling Entertainment CEO Vince McMahon, a new documentary series on Netflix offers a rare look at the man credited with turning professional wrestling into a cultural juggernaut. The series only briefly touches on the lawsuit filed against McMahon in January by former WWE employee Janel Grant, who accused him of sexual abuse and trafficking. Grant, who filed the suit against McMahon this year, did not participate in the documentary, according to her attorney, Ann Callis. McMahon,” the on-screen character that was born during the late 1990s “Attitude Era” of WWE, which was known for pushing into R-rated territory. When McMahon is asked in the fourth episode of the Netflix series what similarities he has with the Mr. McMahon character, he responds, “None whatsoever.” But in the sixth episode, he admits some overlap.
Persons: Vince McMahon, McMahon, Janel Grant, Rita Chatterton, you’re, , ” McMahon, Phil Mushnick, Owen Hart, , “ I’d, Chris Benoit, “ I’m, Grant, Ann Callis, Vince, Mr, Shawn Michaels Organizations: World Wrestling Entertainment, Netflix, WWE, New York, Street Journal
A school-privatization activist and frequent Fox News guest whose work has been praised by former President Donald Trump was placed on leave by his conservative nonprofit employer after reports that he had appeared in gay pornography videos surfaced. A person who resembles DeAngelis and performs under the name “Seth Rose” appears in at least three gay adult films on the pornography site GayHoopla dating to 2014. The existence of the videos was first reported last week by the blog Str8 Up Gay Porn, which shares gay porn and articles about sex. In more recent years, he has become a fierce advocate of “school choice,” which subsidizes private schools with public dollars. “It’s just so strange how the far left is so obsessed with inserting sexual topics into elementary schools,” DeAngelis said in the segment.
Persons: Donald Trump, Corey DeAngelis, Betsy DeVos, Rebekah Bydlak, , ” Bydlak, DeAngelis, Seth Rose ”, “ Seth Rose ”, Forbes, Carl Nassib, “ It’s, ” DeAngelis, , , ” Trump, “ Corey DeAngelis, JD Vance, Vance, Mike Johnson, Organizations: Fox News, American Federation for Children, University of Arkansas, Los Angeles Unified School District, NFL, Parental, Republican, Trump, American Federation for, NBC Locations: Israel
Here we go again: Egg prices are spiking. Here’s why
  + stars: | 2024-09-25 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
Egg prices spiked by 28.1% in August from 12 months ago, easily the biggest increase out of any food item tracked by the Bureau of Labor Statistics. The main culprit for rising egg prices is a familiar one: bird flu. Where egg prices are rising the mostStill, the current BLS average of $3.20 per dozen eggs remains high. Zooming in to focus on just the past year, Datasembly found that egg prices have increased the most in Hawaii (+49%), Minnesota (+44%) and Alabama (+38%). When egg prices spiked to record highs in early 2023, Cal-Maine’s profit skyrocketed 718%.
Persons: , Phil Lempert, they’ve, Price, Brian Moscogiuri, Datasembly, Moscogiuri, graf, ” Moscogiuri, Kevin Bergquist, Musharbash, Emily Metz, ” Metz, Lempert, Organizations: New, New York CNN, Bureau of Labor Statistics, Centers for Disease Control, Prevention, US Department of Agriculture, USDA, CNN, Shoppers, Food Institute, Farm, Maine Foods, Cal, Basel Musharbash, Monopoly, American Egg Board, SNAP Locations: New York, Minnesota, Missouri, Iowa, Oklahoma, Alabama, Hawaii, Wells, United States, Cal, Maine, Basel, Texas
Read previewJPMorgan Chase CEO Jamie Dimon says he approves of Elon Musk's proposal to create a new department of government efficiency — or, in Musk's words, DOGE. "Ok, so — Elon, this idea about having an efficiency commission, I actually like the idea," Dimon said in an interview with CNBC-TV18, which aired on Tuesday. This story is available exclusively to Business Insider subscribers. AdvertisementDuring the CNBC interview, Dimon said that at the moment, he will not endorse Trump or his opponent, Vice President Kamala Harris, for the presidency. Musk, representatives of Trump and JPMorgan Chase didn't immediately respond to a request for comment from Business Insider, sent outside business hours.
Persons: , Jamie Dimon, Tesla, Donald Trump's, — Elon, Dimon, Al Gore, Musk, Trump, Kamala Harris, Larry Fink, he's, JPMorgan Chase didn't Organizations: Service, Chase, Elon, Trump, CNBC, TV18, Business, Reinventing Government, Economic, of New, Reuters, Bloomberg, Treasury, JPMorgan Locations: of New York
Read previewWhole Foods' CEO has his eye on Gen Z. "Over 70% of Gen Z supports climate-friendly agriculture practices," Buechel told host Brian Sozzi about the survey findings in the interview, released on Tuesday. AdvertisementWhole Foods is not the only retail giant tailoring its offerings to suit Gen Z consumers' needs. According to the research report, 50% of the Gen Z shoppers surveyed wanted a virtual shopping assistant. "It also ties into some of the things that you find in the report which is immediacy, speed, instant gratification, especially with Gen Z, including my own daughters.
Persons: , Jason Buechel, YouGov, Buechel, Brian Sozzi, John Mackey, Fortune, Mackey, Suresh Kumar, Zers, Kumar, Gen Organizations: Service, Yahoo, Business, Foods, Amazon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommerzbank's CEO pick Bettina Orlopp can hit the ground running, 7Square founder saysThomas Schweppe, the founder of 7Square and former Goldman Sachs M&A banker, discusses a potential Commerzbank and UniCredit merger and Commerzbank's proposed new CEO Bettina Orlopp.
Persons: Bettina Orlopp, Thomas Schweppe, Goldman Sachs, Commerzbank's
Boeing CEO Dave Calhoun testifies before a subcommittee of the Senate Energy and National Resources Committee on the company's safety culture, following a number of recent incidents on Boeing airplanes, Washington, DC, June 18, 2024. A U.S. Senate panel investigating Boeing 's safety culture on Wednesday faulted the planemaker's quality practices and oversight by the Federal Aviation Administration citing documents obtained in an ongoing investigation. The Senate Permanent Subcommittee on Investigations, which is holding a hearing Wednesday with FAA Administrator Mike Whitaker, said Boeing workers continue to feel pressure to prioritize speed of production over quality. Boeing said it has "taken important steps to foster a safety culture that empowers and encourages all employees to share their voice, but it will require continuous focus." The FAA did not comment but Whitaker said at a House hearing Tuesday that Boeing needed to undertake significant safety culture improvements that might not be completed for years.
Persons: Dave Calhoun, Mike Whitaker, Whitaker, Whitaker's Organizations: Senate Energy, National Resources Committee, Boeing, U.S, Senate, Federal Aviation Administration, Investigations, Democratic, FAA, Alaska Airlines, Justice Department, DOJ Locations: Washington, DC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's private equity market is 'finally getting into its groove,' says Nippon Sangyo Suishin KikoJun Tsusaka, Nippon Sangyo Suishin Kiko's founder, CEO, CIO and Chair of the ESG committee, discusses Japan's merger and acquisition environment.
Persons: Suishin Kiko Jun Tsusaka Organizations: Nippon, Suishin
Qatar's Ooredoo Group announces a $550 million finance deal
  + stars: | 2024-09-25 | 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 EmailQatar's Ooredoo Group announces a $550 million finance dealAziz Aluthman Fakhroo, group CEO of the telecom company, speaks to CNBC's Dan Murphy about its plans to accelerate its data center business.
Persons: Aziz Aluthman Fakhroo, CNBC's Dan Murphy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLots of pent up demand for people to invest in the UK, says CEO of Legal & GeneralAntónio Simões, the CEO Legal & General, discusses the U.K. as an investment destination and the country's economy.
Persons: António Simões Organizations: Legal, General
Read previewIn a Monday blog post, OpenAI CEO Sam Altman argued that massive investment in AI infrastructure is key to market dominance — and avoiding global conflict. "If we don't build enough infrastructure, AI will be a very limited resource that wars get fought over, and that becomes mostly a tool for rich people." Representatives for OpenAI did not respond to a request for comment from Business Insider. He noted that data centers consume tons of water for their cooling systems — some of which evaporates, so it cannot be reused. "Any human endeavor that involves an optimization challenge can be made more efficient through artificial intelligence," Coglianese said.
Persons: , Sam Altman, Altman, OpenAI, Alex de Vries, de Vries, Goldman Sachs, Shaolei Ren, he's, Ren, Cary Coglianese, Coglianese, we'll, I'm Organizations: Service, Business, Microsoft, BlackRock, White, Meta, Big Tech, University of California, University of Pennsylvania Locations: United States, United Nations, Riverside
Capital A CEO: Creation of AirAsia Group is "an exciting time"
  + stars: | 2024-09-25 | 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 EmailCapital A CEO: Creation of AirAsia Group is "an exciting time"Tony Fernandes, CEO of Capital A, talks about plans to sell its aviation business to AirAsia X. He says the newly formed AirAsia Group intends to go public by December.
Persons: Tony Fernandes Organizations: Capital, AirAsia Group, AirAsia X
Nike's new CEO, Elliott Hill, started as an intern and climbed the corporate ladder over 30 years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNike's incoming CEO is no stranger to the sports apparel company, beginning as an intern and working his way all the way up to the top spot.
Persons: Elliott Hill, , John Donohoe Organizations: Service, Nike, Business
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. How much will oil demand grow? Oil demand will experience "robust medium-term growth," reaching 112.3 million barrels per day in 2029 from 102.2 million barrels per day in 2023, according to OPEC's 2024 World Oil Outlook report. The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.
Persons: Stocks, Consumer's, September's, Dow, Goldman, Denis Coleman, Jamie Dimon, JPMorgan Chase Organizations: CNBC, Dow Jones, U.S . Federal, JPMorgan, International Energy Agency
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoward: The market is just noise right now—investors need to stay the course. Vance Howard, CEO and Portfolio Manager at Howard Capital Management, predicts a rate cut in early 2025 due to falling inflation and historical trends.
Persons: Howard, Vance Howard Organizations: Howard Capital Management
Although he increased his price target to $150 from $130, the new price target is just around $2 higher from Tuesday's close price. — Fred Imbert 6:46 a.m.: Citi raises Roblox price target Citi is bullish on Roblox's long-term prospects in spite of some near-term rockiness. — Hakyung Kim 5:42 a.m.: Piper Sandler raises price target on Tesla Piper Sandler thinks Tesla may sell more vehicles than the firm previously expected. With this in mind, he raised his price target on Tesla shares to $310 from $300, signaling about 22% upside from Wednesday's close. TSLA YTD mountain TSLA year to date — Hakyung Kim 5:42 a.m.: Barclays upgrades Hewlett Packard Enterprise Rising demand for artificial intelligence servers will boost Hewlett Packard Enterprise shares, according to Barclays.
Persons: Piper Sandler, TD Cowen downgrades Expedia TD Cowen, Kevin Kopelman, Kopelman, EXPE, — Hakyung Kim, Morgan Stanley, Ford Morgan Stanley's Adam Jonas, Jonas, Ford, Fred Imbert, Jason Bazinet, we're, Bazinet, Roblox, Alex Straton, Straton, JPMorgan, Rodolfo Angele, Angele, Tesla Piper Sandler, Tesla, Alexander Potter, Potter, Hakyung Kim, Tim Long, HPE, Long Organizations: CNBC, Barclays, Hewlett Packard Enterprise, U.S, Ford Motor, GM, Citi, Nike, JPMorgan, Petrobras, Tesla, Hewlett, Enterprise, Juniper Networks Locations: China, U.S, Tuesday's, XLK
A protestor holds a placard with a slogan reading "Stop Merger Horror" during a union demonstration outside the Commerzbank AG headquarters in Frankfurt, Germany, on Tuesday, Sept. 24, 2024. It follows UniCredit's move to take a 9% stake in Commerzbank earlier this month. watch nowScholz on Monday criticized UniCredit's decision to up the ante on Commerzbank, describing the move as an "unfriendly" and "hostile" attack, Reuters reported. Commerzbank's Deputy Chair Uwe Tschaege, meanwhile, reportedly voiced opposition to a potential takeover by UniCredit on Tuesday. The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.
Persons: it's, UniCredit, Octavio Marenzi, Opimas, CNBC's, Olaf Scholz, He's, Marenzi, Scholz, UniCredit's, Uwe Tschaege, Tschaege, Andrea Orcel, Stefan Wittman, Germany's Scholz, Craig Coben, Coben, Emanuele Cremaschi Organizations: Commerzbank, Bloomberg, Getty, CNBC, Reuters, UniCredit, BBVA, Banco Sabadell, Bank of America, AG Locations: Frankfurt, Germany, Berlin, Milan, Commerzbank, Spanish
Less than two months into his tenure as CEO, Ortberg has largely understood the assignment. See here: We’re nearly two weeks into a strike by Boeing’s largest labor union. Initially, Ortberg seemed to have buy-in from labor leaders, who publicly acknowledged that the new boss was walking into a conflict that predated him by 16 years. All of that gave the new boss, who spent his first day at work touring a factory floor, a kind of pro-labor halo. “This tactic is a blatant show of disrespect” to union members and the bargaining process, the International Association of Machinists wrote Monday.
Persons: CNN Business ’, Kelly Ortberg, Ortberg, , , International Association of Machinists, , “ We’ve, Wheaton, ” Wheaton, ’ …, ” It’s, it’s, ” Ortberg, It’s, Richard Aboulafia, ” Aboulafia, what’s, , CNN’s Chris Isidore Organizations: CNN Business, New York CNN, Boeing, machinists, International Association of, Cornell University’s School of Industrial and Labor Relations Locations: New York, what’s
Protesters demonstrate outside the Labour Party conference venue in Liverpool against the withdrawal of the winter fuel allowance, on September 23, 2024. “It has felt a bit blunt,” a Labour Member of Parliament admitted after Starmer’s speech Tuesday, summing up the sentiment across much of conference. Unfortunately, the realities of governing are beginning to bite the Labour Party – and it is likely he will need to show some returns far sooner. Starmer’s speech was was light on fresh content but a heckler was calmly removed and the key messages were confidently delivered. But a premiership can only survive on doom and gloom for so long, and patience is already wearing thin among much of the wider party.
Persons: Keir Starmer, , Ian Forsyth, Starmer, Taylor, , Rachael Maskell, Sir Keir Starmer, Peter Byrne, Maskell, , Boris Johnson’s, ” –, Patience, Opinium, Sunak, ” James Crouch ,, Reeves, Rachel Reeves, heckler Organizations: Liverpool, England CNN —, Labour, Protesters, Labour Party, Labour Party –, Conservative, Public, Arsenal soccer, Wembley, CNN, , London, Tory, National Health Service, Organisation for Economic Co, Development, United Nations General Assembly Locations: England, Liverpool, Starmer’s, Opinium, Britain, New York, July’s
Capital A CEO: Margins to improve as the ringgit strengthens
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapital A CEO: Margins to improve as the ringgit strengthensTony Fernandes, CEO of Capital A, talks about how currency fluctuations, especially in the Malaysian ringgit, impact operations and strategy.
Persons: Tony Fernandes Organizations: Capital Locations: Malaysian
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. After graduation I was hired by McKinsey & Company, a management consulting firm, where I was a business analyst. I traveled the globe as an exec, but returned home for the Renaissance fair every yearI first went to a Renaissance faire on a middle school field trip. Courtesy of George ApplingFrom 2015 to 2018 I had a foot in both worlds: running the faire while also launching a tech company. But the most important thing to me is the joy that the faire and its summer camp bring to people.
Persons: , George Appling, I'd, Sherwood, I've Organizations: Service, Texas, Business, McKinsey & Company, Harvard, Texas Renaissance, Mobile World Locations: Texas, Australia, England, Russia, Sherwood, Austin, Barcelona
Ayesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain's gender wealth gap, after realizing she had spent her career making rich men even richer. Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched on Wednesday. Britain's gender investment gap currently stands at £567 billion — an increase of £54 billion between January 2023 and January 2024 — according to data from British financial research company Boring Money which surveyed over 6,000 adults in the U.K. It found that men have £1.01 trillion invested compared with £450 billion for women. The gender pensions gap refers to the differences in retirement income or retirement wealth between men and women.
Persons: Ayesha Ofori, Goldman Sachs, Propelle, Ofori, Stefan Bollinger, Julius Baer, Lucy Demery, Goldman, wasn't, I'd, isn't Organizations: Goldman, Vanguard, Blackrock, HSBC, Google, CNBC, Barclays, Ofori Locations: Prospect, British
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