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☆ The West is tapping Russian money to arm Ukraine. Much more could follow
▼ + stars: | 2024-05-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —Money generated by Russian financial assets frozen in Europe will soon start flowing to Ukraine, giving Kyiv a boost as it struggles to counter an advance by Moscow’s troops. The plan “would essentially bring forward that flow of interest proceeds from the assets… (through a loan) given to Ukraine,” Yellen told broadcaster Sky News in an interview this week. “Ukraine has substantial needs, and being able to marshal significant resources to help Ukraine is important,” she said. Most of the frozen Russian money is held in Europe, and the euro is the world’s second-most important currency after the US dollar. This would give Kyiv access to a much larger amount of money than using future or current windfall profits from Russian assets.

Persons: Janet Yellen, ” Yellen, Gabriel Bouys, Joe Biden, ” Lee Buccheit, Trade Valdis Dombrovskis, Yellen, there’s, —, Buchheit, Putin, ” Organizations: London CNN, Union, Sky News, “, US, Getty, University of Edinburgh Law School, CNN, EU, Trade, Reuters, Russia, Ukraine, World Bank Locations: Europe, Ukraine, West, Italy, Russia, Ukraine’s, Kharkiv, Frankfurt, Germany, “ Ukraine, Stresa, AFP, EU, Belgium, Kyiv

☆ CNBC Daily Open: Dow sinks 600 points, Nvidia soars
▼ + stars: | 2024-05-24 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow sinks 600 pointsThe Dow Jones Industrial Average suffered its worst day of the year, dropping over 600 points on Thursday. Nvidia's blockbuster earnings and guidance failed to prop up markets, with more than 400 stocks on the S&P 500 trading lower. Nvidia popsShares of Nvidia soared as much as 11% after the AI chipmaker's earnings that beat Wall Street's estimates. Wall Street analysts are revising their price targets for Nvidia upwards after its blowout earnings and guidance.

Persons: Jensen Huang, Dow, Musk, Elon Musk, he's, Joe Biden, Tesla, Karen Tso, Brian West, General Merrick Garland Organizations: SAP Center, CNBC, Dow Jones, Boeing, Dow, Nasdaq, Treasury, Nvidia, U.S . Department of Justice, Ticketmaster, Wall, Microsoft Locations: San Jose , California, China

☆ China made so many solar panels that even its own grid can't support all the energy produced
▼ + stars: | 2024-05-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China has made a lot of solar panels, dramatically lowering prices and helping the country's clean-energy transition. The problem is that Chinese manufacturers seem to have made too many solar panels, according to the US, the European Union, and their allies. China's facing its own overproduction problem at home following a breakneck pace of growth in solar energy — one key pillar of the country's "new three" economic drivers. Germany's energy prices are under pressure from too much solar energyIt's not just China getting hit by an excess of solar energy. Germany, too, has been producing so much solar energy that energy prices have fallen into negative territory when output peaks.

Persons: They're, Joe Biden, David Fishman Organizations: Service, European Union, Business, Reuters, Bloomberg, West, Longi Green Energy Technology, China Photovoltaic Industry Association, Lantau Group Locations: China, Beijing, overcapacity, Germany, that's

☆ Tired, testy and fractured: The Supreme Court prepares for more drama
▼ + stars: | 2024-05-24 | by ( Joan Biskupic | ) edition.cnn.com time to read: +13 min

CNN —As Supreme Court justices try to resolve more than a dozen major cases over the next month, including whether Donald Trump must stand trial for election subversion, they appear mired in antagonism and distrust. Conservatives, who indeed hold the upper hand on the 6-3 court, nonetheless spike their writing and remarks with derision for the left. When the court majority allowed Louisiana state officials to use a map with a second majority-Black congressional district (over the protest of a GOP-backed group of White voters), the three liberals dissented. (A lower US court had referred to it as the “bleaching of African American voters” from the district.) Dissenting liberals emphasized that the decision reversing the lower court undercut a 2017 Supreme Court ruling, Cooper v. Harris, issued before the far-right majority took hold.

Persons: Donald Trump, Samuel Alito, Alito, Elena Kagan, Clarence Thomas, Ketanji Brown Jackson, John Roberts, Richard Nixon, Bill Clinton, Sonia Sotomayor, Kagan, Jackson, Blacks, Purcell, ’, Amy Coney Barrett, “, ” Barrett, Roberts, ” They, Bush, Feedback Kavanaugh, Gore, Cooper, Harris, ” Kagan, ” Alito, Joe Biden’s, Biden, Martha, Ann, ”, Alito tersely, Kagan’s, Edwin Kneedler, ” Roberts, Kneedler, Joshua Turner, Sotomayor, ” Sotomayor, Turner, interjected Organizations: CNN, Trump, Consumer Financial Protection Bureau, Liberal, GOP, White voters, Congress, Gore, South, American, Capitol, New York Times, US Justice Department Locations: America, Colorado, South Carolina, Carolina, Louisiana, Virginia, New Jersey, American, Alito’s, Jersey, Grants Pass , Oregon, Idaho, The Idaho

☆ Tesla is building a huge battery factory in Shanghai even as US-China trade tensions rise
▼ + stars: | 2024-05-24 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The factory, which was announced in April last year, aims to begin production in the first quarter of 2025. The battery facility will be close to Tesla’s Shanghai Gigafactory, which is the company’s largest plant outside the United States, producing almost one million cars a year. Rising tensionsWhile most Western companies are face rising barriers to doing business in China, things have been smoother for Tesla. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favor of no tariffs,” Musk said.

Persons: Hong Kong CNN — Tesla, Elon Musk, Tom Zhu, Tesla, Wu Xiaohua, ” Musk, Li Qiang, Li, Joe Biden, Musk, “ Tesla Organizations: Hong Kong CNN, Lingang Group, Tesla, Reuters, “ Locations: Hong Kong, Shanghai, China, United States, Beijing, Washington, Tesla’s Gigafactory, Europe, Paris

☆ China's war drills around Taiwan enter Day 2. Here's what it means for cross-strait relations
▼ + stars: | 2024-05-24 | by ( Sumathi Bala | ) www.cnbc.com time to read: +5 min

Members of Taiwan's military conduct routine exercises at Liaoluo Port in Kinmen on May 24, 2024. (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty ImagesChina's latest military exercises around Taiwan risk escalating cross-strait tensions — but war remains unlikely, political observers say. Beijing warned that the two-day drills, which continued on Friday, were aimed at punishing the island's new President Lai Ching-te for his "hostility and provocations." The drills are "legitimate, timely and entirely necessary," as acts of "Taiwan independence" in any form "cannot be tolerated," it added. "This pretext for conducting military exercises not only does not contribute to peace and stability across the Taiwan Strait, but also highlights its hegemonic nature," the ministry said.

Persons: HWA CHENG, Cheng, Lai Ching, Lai, Xi Jinping, China's, Lai —, Wang Yi, Nancy Pelosi's, Xi, Joe Biden, Gabriel Wildau Organizations: HWA, Getty, Afp, Xinhua, Atlantic, China's Ministry of National Defense, Liberation Army, PLA, Eastern, Command, U.S ., Fujian, Guard, U.S, APEC, Teneo Intelligence, Republicans Locations: Liaoluo, Kinmen, China, Taiwan, AFP, Beijing, Eurasia, Republic of China, People's Republic of China, United States, U.S

☆ CNBC Daily Open: Dow's worst day in 2024, Nvidia shares pop
▼ + stars: | 2024-05-24 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Persons: Dow, Musk, Elon Musk, he's, Joe Biden, Tesla, Karen Tso, Brian West, Korea's Kospi Organizations: CNBC, Dow Jones, Boeing, Dow, Nasdaq, Treasury, Nvidia, Nikkei, Bank of Japan, Samsung Electronics, Samsung, CSI, Wall, Microsoft Locations: China, Asia, Pacific, Japan

☆ Republican senators defend Alito over second controversial flag
▼ + stars: | 2024-05-23 | by ( Manu Raju | Morgan Rimmer | ) edition.cnn.com time to read: +5 min

CNN —Top Republican senators are defending Supreme Court Justice Samuel Alito as the conservative justice became embroiled in a second flag controversy, even as some Democrats call for Alito to recuse himself from key matters pending before the high court. “I just think Democrats are determined to harass members of the Supreme Court. So obviously, they don’t like Justice Alito or the decisions he makes,” he told CNN. Several prominent Republican senators criticized Alito over the upside-down flag. “I think the question is how many MAGA battle flags does the Supreme Court justice have to fly until the rest of the court takes it seriously?” he asked.

Persons: Samuel Alito, Alito, Donald Trump, Sen, John Cornyn, “, Sotomayor, Kagan, ”, Clarence Thomas, —, GOP Sen, Chuck Grassley, Sonia Sotomayor, “ I’m, ’, Grassley, Trump, Joe Biden’s, –, Thom Tillis, I’m, you’re, ” Tillis, Ruth Bader Ginsburg, Bill Cassidy, Cassidy, Sheldon Whitehouse, MAGA, Hakeem Jeffries, ” Jeffries, Katherine Clark, Alito’s, ” Clark, CNN’s Haley Talbot, Annie Grayer Organizations: CNN, Top Republican, Capitol, Committee, GOP, “, Supreme, New York Times, Times, Senate, Democratic, Democrat, United States Supreme Locations: New Jersey

☆ Trump holds campaign rally in the Bronx as he seeks to make inroads with Hispanic and Black voters
▼ + stars: | 2024-05-23 | by ( Kate Sullivan | ) edition.cnn.com time to read: +4 min

CNN —Former President Donald Trump is scheduled to hold a rally Thursday in the Bronx as his campaign looks to make inroads with Hispanic and Black voters ahead of November’s election. A Trump campaign official told CNN that several factors, including the former president’s long history of living and working in New York and his efforts to win over minority voters, played into the decision to hold the Bronx rally. The Bronx is a Democratic stronghold, which Trump lost by about 68 points to Joe Biden in 2020. Residents in the South Bronx, where Trump’s rally is taking place, are mainly Hispanic (64%) and Black (31%), according to the US Census Bureau. Several House Republicans from New York said they could no longer make it to Trump’s event due to changes in the chamber’s voting schedule Thursday.

Persons: Donald Trump, Trump, Joe Biden, Hillary Clinton, “, Elise Stefanik, ”, Barack Obama, Janiyah Thomas, Alexandria Ocasio, Cortez, Ritchie Torres, Torres, CNN’s Kit Maher Organizations: CNN, Trump, New York, Republican, Democratic, Residents, Census Bureau, Republicans, Biden, Americans, African, gaslight, NY1, The New York Times Locations: Bronx, Trump’s New York, New York, Crotona Park, South Bronx, Manhattan, New, “ New York, Central Park, Charlottesville , Virginia, Cortez, Crotona

☆ Nikki Haley: Biden campaign official meets with her supporters hours after she said she’d vote for Trump
▼ + stars: | 2024-05-23 | by ( Kit Maher | ) edition.cnn.com time to read: +3 min

CNN —A Biden campaign official met Wednesday night with Nikki Haley supporters from across several states in a pre-scheduled Zoom call hours after the former Republican presidential candidate said she would be voting for Donald Trump, two sources familiar with the call told CNN. The meeting was part of an ongoing effort by the Biden campaign to reach out to Haley voters. It was organized by the Haley Voters Working Group. “A lot of these people in this group are big supporters of Nikki Haley and want to support her in 2028,” he said. On the call Wednesday, the Haley voters raised some of their pressing policy concerns with Peñalosa, including the southern border, Ukraine and Israel.

Persons: CNN —, Nikki Haley, Donald Trump, Biden, Haley, Conservative Haley, Nikki, Juan Peñalosa, Joe Biden’s, Peñalosa, Trump, “ Trump, ” Haley, Robert Schwartz, ”, “, Harris, ” “, Schwartz, CNN’s Phil Mattingly Organizations: CNN, Biden, Republican, Haley, Group, Conservative, North Carolina, Hudson Institute, South, Trump, Haley Voters, Team Biden, Republicans Locations: Virginia , Massachusetts , Vermont , California, Florida, Georgia, Arizona, North, Washington, South Carolina, Ukraine, Israel, Mexico

☆ Biden looks to counter China’s influence as he rolls out red carpet for Kenya
▼ + stars: | 2024-05-23 | by ( Kevin Liptak | Kayla Tausche | ) edition.cnn.com time to read: +8 min

Among the goals of his three-day state visit in October: securing another $1 billion in loans from China to help complete infrastructure projects. On Wednesday, when he arrived at Joint Base Andrews to begin another state visit – this time to Washington – he again found a red carpet and troops. Senior administration officials acknowledge a central factor in scheduling a state visit with Kenya was the desire to counter China’s influence and financial leverage on the African continent, which has outpaced the United States in direct investment. One of the goals of Thursday’s state visit is to demonstrate the ability of democracies – like Kenya’s – to deliver for their people. “I plan on going in February,” Biden told reporters.

Persons: Washington CNN —, William Ruto, Joint Base Andrews, Washington –, Jill Biden, Joe Biden, –, Kenya –, ”, “, Biden, Ruto, ” Ruto, he’s, João Manuel Gonçalves Lourenço, Jake Sullivan, ” Biden, Xi Jinping, Donald Trump –, ” Sullivan, Ariel Henry Organizations: Washington CNN, Kenyan, Joint Base, East, Kenya, NATO, Africa –, White, Initiative, Loans, Washington, World Bank, Group, European Union, Democratic, White House, Angolan, Advisers, CNN, Haitian Locations: Beijing, China, Africa, Kenya, United States, China’s, Nairobi, Mombasa, Boston, US, Angola, Democratic Republic of Congo, Zambia, Washington, East, Ukraine, ”, Russia, –, combatting al, Shabab, Somalia, Yemen, Haiti

Elisa Gutierrez andAs he runs for re-election, President Biden is talking about one specific issue a lot: the economy. He emphasizes the nation’s low unemployment and slowing inflation, and even rolled out a catchy nickname for the good numbers: Bidenomics. The problem for Mr. Biden is that few Americans seem to agree that the economy is strong. They think the opposite.

Persons: Elisa Gutierrez, Biden

☆ A key ether ETF deadline arrives, but SEC's Gensler won't tip his hand on approval or denial
▼ + stars: | 2024-05-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Circuit ruled against the SEC's denial of spot bitcoin ETFs, the regulatory agency "pivoted" and approved those funds in January. The bill sets up a regulatory framework for crypto assets. Gensler said crypto assets — and exchanges in particular exchanges — do not meet this test: "This field is not decentralized. He said crypto exchanges are "operating in ways that are conflicted in ways that traditional exchanges [are not]. Gensler says he is not against financial innovation The SEC chairman pushed back against the claim he was against financial innovation.

Persons: Gary Gensler, Eric Pan, Gensler, Joe Biden's, Pan, We'd Organizations: SEC, U.S . Securities, Exchange Commission, Investment Company, ICI Leadership Summit, U.S ., Appeals, Representatives, Innovation, Technology, Century, Futures

☆ Businesses push Biden to grant work permits to longtime undocumented immigrants
▼ + stars: | 2024-05-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +10 min

She knows there’s a bigger pool of experienced workers out there, but she can’t hire them because they are undocumented immigrants. The coalition argues Biden can do more through executive action under current law, including by expanding work permits to spouses of US citizens. All of Indiana dairy farmer Steve Obert's employees are authorized to work, but he is among the business leaders advocating for more work permits for longtime undocumented residents. Courtesy Steve ObertAll of Obert’s 15 non-family employees are foreign born and have work permits. But he knows that undocumented workers contribute a lot to the industry, as well as to the communities where they live.

Persons: Lisa Winton, Winton, Biden, ” Winton, ” Lisa Winton, Joe Biden, Donald Trump, Barack Obama, Trump, , ”, Karoline Leavitt, “, ” It’s, Steve Obert, Jessica Vaughan, Rebecca Shi, ‘, ’ ”, Shi, Vaughan, Tara Watson, Bush, Obama, Kerri Talbot, Trump’s, Steve, ” Obert Organizations: CNN, Winton Machine Company, American Business Immigration Coalition, Employers, Time, Trump, Pew Research Center, Labor, National Agricultural Workers Survey, Center, American, National Milk Producers Federation, Immigration Services, Center for Immigration Studies, Department of Homeland Security, Migration Policy Institute, Williams College, Immigration, Indiana Dairy Producers Locations: Suwanee , Georgia, Winton, Georgia, America, Indiana

☆ Haley will vote for the Trump ‘chaos’ that she once decried
▼ + stars: | 2024-05-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Before losing her home state’s primary to Trump earlier this year, Haley lashed out at Republicans who backed Trump despite privately despairing over him. They’re just too afraid to say it out loud.”Now Haley is saying out loud she’s voting for Trump. Haley seeks to preserve her futureThere is every sign that Haley wants to run again for president once Trump finally leaves the stage. Trump has made no effort to appeal to Haley voters during the march to the nomination despite his dire need to court suburban voters. “Rightly or wrongly, chaos follows (Trump),” Haley complained at almost every event.

Persons: Nikki Haley, Donald Trump, ”, couldn’t, Joe Biden, “, ” Haley, Haley, Trump, Biden, —, They’re, Ted Cruz, CNN’s Kaitlan Collins, I’m, Cruz, There’s, Liz Cheney, repudiating, John Bolton, ” Bolton, CNN’s Wolf, Haley –, Ron DeSantis, “ There’s, they’d, Ronald Reagan’s, Bush, Vladimir Putin, Kim Jong Un, “ Trump, CNN’s Jake Tapper, Tapper, Putin Organizations: CNN, South, Trump, United Nations, president’s, Harvard Law School, Democrats, Wyoming, GOP, Vermont, Florida Gov, Republicans, Hudson Institute, Republican, freeloading, NATO, Hampshire Locations: South Carolina, Texas, Washington, Florida, Iowa, Georgia, New Hampshire, Russian, North Korean, Europe, Asia, United States, Columbia , South Carolina

☆ Mortgage rates fall for the third straight week, dipping below 7%
▼ + stars: | 2024-05-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —Mortgage rates declined for the third consecutive week in a shred of good news for Americans dealing with a still-tough housing market. Mortgage rates track the benchmark 10-year US Treasury yield, which moves in anticipation of the Federal Reserve’s decisions on interest rates. Stubbornly high inflation this year has dashed hopes that the Fed could cut interest rates in the spring or in the summer. Some Fed officials said earlier this week that they likely won’t raise interest rates again and a few have said they expect to cut rates this year. With mortgage rates still elevated, some homeowners are deciding to stay put.

Persons: Freddie Mac, inflation’s cooldown, there’s, homebuyers, ” Sam Khater, Freddie Mac’s, That’s, ” Lawrence Yun, ”, Yun, Joe Biden Organizations: Washington CNN —, Treasury, National Association of Realtors, Fed, Housing Locations: San Diego, Chicago, Detroit

☆ Senate Democrats launch investigation into alleged Trump ‘quid pro quo’ with oil executives
▼ + stars: | 2024-05-23 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —Senate Democrats have launched an inquiry into recent reports that Donald Trump offered oil executives the reversal of some of President Joe Biden’s climate policies upon the former president’s reelection in exchange for campaign contributions. The committees are seeking “descriptions of policy proposals discussed” and “materials distributed to any attendees” at the event. “Time and time again, both Mr. Trump and the U.S. oil and gas industry have proved they are willing to sell out Americans to pad their own pockets,” Sens. In his first term, Trump overturned more than 100 environmental rules and actions put in place by the Obama administration. Trump has vowed that if he’s reelected he will reverse those actions and boost fossil fuels, and oil and gas drilling.

Persons: Donald Trump, Joe Biden’s, Trump, Sens, Ron Wyden, Sheldon Whitehouse, Biden, ”, ” Trump, Karoline Leavitt, Obama, he’s, CNN’s Morgan Rimmer, Kate Sullivan, Ella Nilsen, Jeremy Herb Organizations: CNN, Democrats, Senate Finance, ExxonMobile, Chevron, Oregon, Big, The Washington Post, Trump Locations: U.S, Rhode, The, Lago

☆ Democratic consultant who masterminded AI-generated fake Biden robocall scheme indicted on 26 charges
▼ + stars: | 2024-05-23 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewThe Democratic consultant who admitted to masterminding a bogus Joe Biden robocall scheme has been hit with dozens of charges. This story is available exclusively to Business Insider subscribers. Phillips' press secretary previously told Business Insider that the Phillips campaign did not ask Kramer to create the fake Biden robocall, and that it was "disgusted" by the call and Kramer's alleged involvement. Kramer previously told Business Insider that "with a mere $500 investment, anyone could replicate my intentional call," adding that finding voters to reach out to was simple. Robocall fraud experts also previously warned Business Insider that the New Hampshire incident is "just the tip of the iceberg," and we should expect more to come in a dangerous new era for political spam calls.

Persons: —, Joe Biden, Steve Kramer, Kramer, Dean Phillips, Phillips, Biden, John Formella Organizations: Service, Business, NBC News, Minnesota Rep, Federal Communications Commission, New Hampshire Locations: New Orleans, New Hampshire

☆ Elon Musk says he didn't ask for Biden's tariff on electric vehicles from China
▼ + stars: | 2024-05-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk said he wasn't involved in President Joe Biden's tariff on Chinese electric cars. The White House announced the 100% tariff on Chinese EV imports on May 14. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk said he was surprised when President Joe Biden announced a tariff on Chinese electric vehicles. "Neither Tesla nor I asked for these tariffs," the Tesla CEO said during an interview at the VivaTech conference in Paris on Thursday.

Persons: Elon Musk, wasn't, Joe Biden's, Musk, —, Joe Biden, Tesla Organizations: White House, Service, Business Locations: Paris, China

☆ Biden is hiring a meme manager and is willing to pay up to $85,000
▼ + stars: | 2024-05-23 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

President Joe Biden's campaign needs a manager for "content and meme pages." The role involves collaborating with podcasters, digital media firms, and social media meme pages. President Joe Biden's campaign has the job for you, but you'd have to move to Wilmington, Delaware for it. Nestled in a list of jobs posted by the Biden campaign is one with the title: "partner manager for content and meme pages." The job description says that the person will build and maintain relationships with podcasters, digital media companies, and large meme pages.

Persons: Joe Biden's, —, Biden Organizations: Service, Business Locations: Wilmington , Delaware

☆ Biden jumps on Trump ‘unified Reich’ video that plays into a key theme of president’s reelection push
▼ + stars: | 2024-05-22 | by ( Kyle Feldscher | Kevin Liptak | ) edition.cnn.com time to read: +4 min

Boston CNN —President Joe Biden and his campaign are looking to capitalize on former President Donald Trump’s posting of a video showing images of a fake newspaper article that references a “unified Reich” if he’s reelected in 2024. The video has been removed from Trump’s Truth Social account, but the Biden campaign has quickly incorporated the former president’s use of verbiage associated with Nazi Germany into messaging. Biden made Trump’s comments the focus of two closed-door campaign fundraisers Tuesday night, a video on his social media platforms and a fundraising email. It’s the language of Hitler’s Germany,” Biden told donors in Boston during a campaign reception. “Is this on his official account?” Biden asks in the video.

Persons: Joe Biden, Donald Trump’s, he’s, Trump, Biden, “ That’s, ” Biden, Adolf Hitler, Donald Trump, “ What’s, ”, Karoline Leavitt, ” “ Organizations: Boston CNN, Trump, White House Locations: Charlottesville , Virginia, Nazi Germany, Germany, Boston, Nazi, America, New York

☆ Most Americans falsely think the U.S. is in recession, poll shows
▼ + stars: | 2024-05-22 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

More than half of Americans think the United States is in an economic recession, although gross domestic product has been increasing for the past several years. According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say that President Joe Biden is responsible for what they see as an economic downturn. A recession is an extended period of economic decline, usually designated when GDP has declined for two or more consecutive fiscal quarters. U.S. GDP growth has been outpacing that of other developed nations. The Guardian/Harris poll is yet another example of an ongoing gap between economic data and economic feelings that has nagged the Biden administration in recent months.

Persons: Kristen Visbal, Harris, Joe Biden, Biden, NBC's Organizations: New York Stock Exchange, Guardian Locations: New York City, United States, U.S, ., America

☆ Special counsel plans to use infamous Hunter Biden laptop as evidence at gun trial
▼ + stars: | 2024-05-22 | by ( Marshall Cohen | Holmes Lybrand | ) edition.cnn.com time to read: +5 min

CNN —Special counsel David Weiss plans to introduce Hunter Biden’s infamous laptop as evidence against him at his upcoming trial on felony gun charges. Republican officials and right-wing outlets have seized on the laptop’s embarrassing emails and images to attack Biden, the son of President Joe Biden. Hunter Biden’s lawyers have said the files were manipulated, and even sued a computer repair shop owner who publicly released the material. In their own court filings earlier this week, Hunter Biden’s lawyers said they want to contest the authenticity of the materials from the laptop if Weiss brings it up at trial. The testimony, prosecutors say, is “an attempt to substitute the testimony of an expert for the testimony of” the defendant.

Persons: David Weiss, Hunter, Weiss, Biden, Joe Biden, Hunter Biden’s, “, ” Weiss ’, –, Donald Trump, Hunter Biden, Maryellen Noreika, hasn’t Organizations: CNN, Republican, “, FBI, Apple, ” Prosecutors, Prosecutors Locations: Delaware, China, Ukraine

☆ This Trump fundraising email will shock you
▼ + stars: | 2024-05-22 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Followers of former President Donald Trump were meant to be startled when they were sent an email Tuesday, addressed from “President Trump,” with this arresting subject line:“They were authorized to shoot me!”The preview line in the email did not back down. The judge, Beryl Howell, cited the discovery of additional documents with classified markings found in Trump’s Mar-a-Lago bedroom months after the FBI search. Trump is a master sensationalist, so place the email subject line where he says he’s in physical harm within his oeuvre of over-the-top and untrue allegations. How to get people to open fundraising emailsThe email address where I get fundraising pitches from politicians received seven such messages from Trump on Tuesday. Trump’s allegations about the FBI document were not just contained in the fundraising email.

Persons: Donald Trump, “ President Trump, Trump, Trump’s, Tierney Sneed, Katelyn Polantz, Holmes Lybrand, Hannah Rabinowitz, Stephen D’Antuono, “, ” D’Antuono, ” Trump, Beryl Howell, “ I’ve, Rudy Giuliani, Joe Biden, Biden’s, Hunt, Joe Biden’s, JOE BIDEN, Juan Merchan Organizations: CNN, “, DOJ, Mar, Trump, Justice Department, FBI, Secret Service, Capitol, Service, Biden, Joe Biden’s DOJ, FORCE, New Locations: Lago, Washington, Washington ,, Trump’s Mar, Las Vegas, London, Manhattan, Mar, New York

☆ Biden’s EPA is trying to take a huge bite out of the climate crisis. But can it survive Trump’s Supreme Court?
▼ + stars: | 2024-05-22 | by ( Ella Nilsen | ) edition.cnn.com time to read: +10 min

Bottom row, from left, Associate Justice Sonia Sotomayor, Associate Justice Clarence Thomas, Chief Justice of the United States John Roberts, Associate Justice Samuel Alito, and Associate Justice Elena Kagan. Top row, from left, Associate Justice Amy Coney Barrett, Associate Justice Neil Gorsuch, Associate Justice Brett Kavanaugh, and Associate Justice Ketanji Brown Jackson. And environmental attorneys are intrigued by Barrett, who has had some tough questions for EPA’s challengers during recent Supreme Court arguments. The Supreme Court ruled in 2007 that the EPA can use its authority to regulate greenhouse gases. That gives the agency the recent Congressional direction the Supreme Court has said it so badly needs, some experts said.

Persons: Joe Biden’s, Richard Lazarus, “, Michael Regan, ” “, ” Regan, Regan’s, ” Lazarus, Samuel Alito, Clarence Thomas, Neil Gorsuch, Gorsuch, Alito, ” David Doniger, “ Alito –, ”, Reagan, Anne Gorsuch, Sonia Sotomayor, John Roberts, Elena Kagan, Amy Coney Barrett, Brett Kavanaugh, Ketanji Brown Jackson, J, Scott Applewhite, Amy Coney Barrett –, Roberts, Barrett, Kavanaugh, Sackett, “ He’s, he’s, doesn’t, Ann Carlson, ” Carlson, ” Doniger Organizations: CNN, Joe Biden’s Environmental Protection Agency, Harvard Law, EPA, Republican, Natural Resources Defense Council, Chevron, DC, Appeals, DC Circuit, University of California, Biden, Congress Locations: China, United, Virginia, University of California Los Angeles, West Virginia, Congress

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