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☆ Cramer says not to second-guess Fed Chief Powell after Wednesday's remarks
▼ + stars: | 2024-05-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer told investors to take Federal Reserve Chief Jerome Powell at his word when he said on Wednesday that it's unlikely there's a rate hike on the horizon, even as inflation remains stubborn. Although Powell's comments calmed many on Wall Street, Cramer said it's likely investors will become anxious again ahead of employment data set to be released Friday. Even though Powell didn't suggest there will be a rate cut in the near future, Cramer stressed that he managed to take "the dreaded rate hike scenario off the table." The Fed also decided it would slow the price of bond sales, which Cramer said is a "dovish sign." He just thinks that inflation will gradually go away on its own, making him more of a dove than a hawk," Cramer said.

Persons: CNBC's Jim Cramer, Jerome Powell, Cramer, Jay Powell — He's, Powell Organizations: Federal

☆ Fed Chair Jerome Powell signals rate cuts aren’t imminent
▼ + stars: | 2024-03-29 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

But the Fed is prepared to ignore Wall Street’s hope for a rate cut in June if it feels the economy isn’t ready yet. That’s the message Fed Chair Jerome Powell delivered on Friday. Powell wasn’t fretting about it though, saying that it was “pretty much in line with our expectations.”Why wait to cut then? “This is an economy that doesn’t feel like it’s suffering from the current level of rates,” Powell said. Like Powell, several Fed officials have conveyed they’re more concerned about cutting too soon than prolonging the status quo.

Persons: Jerome Powell, “, ”, Powell, Powell wasn’t, there’s, ” Powell, Raphael Bostic, Powell’s, Donald Trump, he’s, Joe Biden —, Powell — Organizations: New, New York CNN, Federal Reserve, San Francisco Fed, Atlanta Fed, Republican Locations: New York

☆ Trump warns the market will crash if he loses. Investors just laugh
▼ + stars: | 2024-02-27 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Former President Donald Trump is once again warning the stock market is doomed unless voters return him to the White House. He went on to say a loss for him would spark “the largest stock market crash we’ve ever had.”But there is no evidence to support that claim. “This is just an encore presentation of what he said last time,” said Art Hogan, chief market strategist at B. Riley Financial. In fact, the stock market has generated higher annual returns when Democrats are in power. It’s true that Trump’s surprise victory in November 2016 helped spark an impressive rally in the stock market as investors bet on deregulation, tax cuts and infrastructure.

Persons: Donald Trump, Trump, you’re, ” Trump, ”, Brian Gardner, “ There’s, ” David Kelly, “, Kelly, Joe Biden, Biden, Hogan, ” Sam Stovall, he’s, “ It’s, Dow, ” Kelly, Gardner, James Singer, CNN it’s “, ” Singer, Jerome Powell —, Powell, Jerome Powell, Greg Valliere, Trump’s Organizations: New, New York CNN, CNN, White, Trump, Asset Management, Dow, Riley, CFRA Research, GOP, “, Nasdaq, Federal Reserve, JPMorgan, Biden, Republicans, Democrat, Research, —, Republican, AGF Investments Locations: New York, Washington, Trump, China

☆ Climate protesters interrupt speech by Fed Chair Powell — for the second time in a month
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —Federal Reserve Chair Jerome Powell is leaving the door open for additional interest rate hikes to defeat inflation, he said Thursday in prepared remarks. However, investors are bullish about another pause in rate hikes next month, according to fed funds rate futures. As Powell began to deliver his speech, he was interrupted by climate protesters who made their way onto the stage. That could potentially be a headache for the Fed, since strong demand could be maintaining some upward pressure on prices. Richmond Fed President Thomas Barkin hinted that the Fed could forgo additional action because the economy perhaps hasn’t felt the full impact of the Fed’s previous 11 rate hikes just yet.

Persons: Jerome Powell, “, ” Powell, Powell, Stocks, Dow, Kathleen O’Neill Paese, Thomas Barkin, hasn’t, ” Barkin, — CNN’s Krystal Hur Organizations: DC CNN — Federal, International Monetary Fund, Economic, of New, Nasdaq, Treasury, Interim Kansas, Richmond Fed Locations: Washington, Washington ,, of New York, Jeffersonville , Indiana, New Orleans

☆ S&P 500 futures inch lower after index posts longest win streak in 2 years: Live updates
▼ + stars: | 2023-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

S&P 500 futures slid modestly Wednesday night following a session in which the broad index added to its longest winning streak since November 2021. Futures tied to the S&P 500 and Nasdaq 100 each shed about 0.2%. While the S&P 500 finished up just 0.1%, it marked the longest winning streak since 2021 at eight days. The tech-heavy Nasdaq Composite inched up by 0.08%, eking out a ninth winning day for its lengthiest stretch of positive sessions in two years. But despite the S&P 500's winning streak, the market still has narrow leadership, according to Robert Haworth, senior investment strategist at U.S. Bank Wealth Management.

Persons: Lyft, Robert Haworth, Haworth, Jerome Powell — Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Disney, Dow, U.S, Bank Wealth Management, Technology, Traders, Federal Reserve Locations: New York City, U.S

☆ Release the 'Kraken': Sidney Powell just flipped on Trump
▼ + stars: | 2023-10-19 | by ( Sonam Sheth | Jacob Shamsian | ) www.businessinsider.com time to read: +1 min

Sidney Powell, a GOP lawyer who briefly represented Donald Trump, has flipped on the former president, striking a plea deal with Georgia prosecutors ahead of her trial on a slew of criminal charges. AdvertisementAdvertisementAccording to court filings, Powell pleaded guilty to six counts of conspiracy to interfere with election duties. Powell's plea deal was announced at a court hearing on Thursday. As part of the agreement, she will also have to pay $2,700 in restitution to replace election equipment, as well as a $6,000 fine. AdvertisementAdvertisementPowell was set to go to trial on Monday, along with co-defendant and former Trump campaign lawyer Kenneth Chesebro.

Persons: Sidney Powell, Donald Trump, Powell, Trump, —, Georgia's, Powell —, Kenneth Chesebro Organizations: GOP, Trump Locations: Georgia, Fulton County

☆ Smartmatic lawyer says Rupert Murdoch is like a 'mafia boss' who 'ordered a hit' with Fox News
▼ + stars: | 2023-09-20 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

A Smartmatic lawyer compared Rupert Murdoch to a "mafia boss" in a court hearing Wednesday. The company says Fox News and parent company Fox Corp. defamed it through 2020 election conspiracy theories. Rupert and Lachlan Murdoch "ordered a hit" on Smartmatic, the Smartmatic lawyer argued. Connolly made the extended analogy to argue that Fox Corp., the parent company of Fox News, shouldn't escape liability in the case. Erin Murphy, an attorney representing both Fox Corp. and Fox News, argued that it wasn't enough to show that the Murdochs were generally involved in shaping Fox News's editorial coverage.

Persons: Rupert Murdoch, Rupert, Lachlan Murdoch, Johnny, Erik Connolly, who's, doesn't, Connolly, Lachlan, Suzanne Scott, Jay Wallace, Donald Trump's, Erin Murphy, Smartmatic, Murphy, Rudy Giuliani, Sidney Powell —, Joe Biden, Trump, Jean Catuffe, David B, Cohen, Powell, Giuliani Organizations: Fox News, Fox Corp, Service, Fox, Trump, Republican, Dominion, Newsmax, New Locations: Wall, Silicon, Smartmatic, Manhattan

☆ Hunter Biden sues former Trump aide Garrett Ziegler, alleging illegal hacking of his laptop and iPhone data
▼ + stars: | 2023-09-13 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +6 min

A federal lawsuit filed by Hunter Biden accuses former Trump aide Garrett Ziegler of hacking his data. Ziegler denied the allegations and told Insider that he came by the data legally from Biden's laptop. The Hunter Biden laptop story is only the latest product of opposition research to make headlines. Ziegler posted more than 100,000 emails from Hunter Biden's account online, along with photos and other documents. Hunter Biden did not immediately respond to a request for comment.

Persons: Hunter Biden, Garrett Ziegler, Ziegler, Biden, Biden's, Joe Biden, Hunter Biden's, Donald Trump, Hunter, Peter Navarro, — Michael Flynn, Sidney Powell —, Trump, " Hunter Biden, Rudy Giuliani, Donald Trump's, Giuliani, Giuliani's, Kevin Morris, Mattathias Schwartz Organizations: Trump, GOP, Service, Trump White House, Clinton Foundation, Capitol, White, New York Post Locations: Wall, Silicon, Russian, Delaware, Ukraine, Ziegler, Los Angeles, schwartz79@protonmail.com

☆ Trump, Meadows offer quid pro quo on speedy trial to sever Georgia election case from co-defendants
▼ + stars: | 2023-09-13 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Donald Trump on Wednesday offered to "exchange" his right to a speedy trial in his Georgia election-conspiracy case for an Atlanta judge ruling that would have the former president tried separately from 18 other defendants. Trump's co-defendant Mark Meadows, who served as his White House chief of staff, shortly afterward filed an identical offer waiving a speedy trial in exchange for his own case being tried separately. Fulton County Superior Court Judge Scott McAfee has yet to rule on the severance requests that Trump, Meadows and 10 other defendants have filed. It is by no means clear that McAfee would grant severances based on waivers of speedy trial. Trump and the other defendants have the absolute right to a speedy trial in the case.

Persons: Donald Trump, Trump's, Mark Meadows, — Shawn Still, Harrison Floyd, Jenna Ellis, David Shafer —, Scott McAfee, McAfee, Trump, Kenneth Chesebro, Sidney Powell — Organizations: U.S, Atlanta Hartsfield, Jackson International, White, Trump Locations: Fulton County, Atlanta , Georgia, Georgia, Atlanta, Meadows

CNN —Far-right TV network One America News and one of its on-air personalities settled a defamation lawsuit brought by a former executive at Dominion Voting Systems, the election technology company that was falsely accused of rigging the 2020 election, according to new court filings. By negotiating a deal with Coomer, OAN is resolving one of several pending lawsuits tied to the 2020 presidential election that could lead to dire financial consequences for the small network. The conspiracy-peddling channel still faces two blockbuster defamation suits from Dominion Voting Systems and Smartmatic, voting technology companies that OAN falsely claimed had rigged the election against Trump. As a correspondent for OAN, Rion has been at the forefront of the network’s pro-Trump propaganda, and she hosted a special called “Dominion-izing the Vote,” which promoted debunked conspiracies about the 2020 election results. In the wake of the 2020 election, Dominion, Smartmatic and Coomer have transformed from relatively unknown figures to prominent players in the effort to seek accountability for Trump’s election lies.

Persons: Eric Coomer, OAN, Chanel Rion, Donald Trump, Joe Biden, weren’t, Rion “, Coomer, —, Trump’s, Rudy Giuliani, Sidney Powell — haven’t, Rion, Coomer’s Organizations: CNN, America, Dominion Voting Systems, Dominion, Trump, Fox News Locations: Coomer’s Colorado

☆ Trump asks to sever Georgia election case from co-defendants seeking speedy trial
▼ + stars: | 2023-08-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former President Donald Trump is seeking to sever his criminal election interference case in Georgia from any of his 18 co-defendants who are demanding that the case proceed quickly to trial, a Thursday court filing showed. There are "substantial adverse procedural and substantive 'effects' President Trump would endure" if he is held to the same schedule, Sadow wrote. He is set to participate in another trial starting in late September in federal court in Florida. Trump has been charged with 91 total counts in four separate criminal cases as he campaigns for the 2024 Republican presidential nomination. His lawyers in his two federal cases tried to push off his trial until after the November 2024 election.

Persons: Donald Trump, Joe Biden, Trump, Steven Sadow, Kenneth Chesebro, — Chesebro, Sidney Powell —, Chesebro, Sadow, Trump's, Fani Willis Organizations: Alabama GOP, Court, Trump, Computer, State Locations: Montgomery , Alabama, Georgia, Fulton County, Georgia's, Florida, Atlanta

☆ An indicted Sidney Powell hit rock bottom and kept digging, posting election conspiracy theories and hawking $25 signed photos of herself
▼ + stars: | 2023-08-16 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Sidney Powell is fresh off an indictment in Georgia. Nor has it stopped her hawking merchandise with the discount code pegged to the indictment. Powell was one of 18 people charged alongside former President Donald Trump in Georgia on Monday night. In the sprawling indictment, Powell — a lawyer and known conspiracy theorist — was charged with conspiracy to commit election fraud and accused of attempting to overturn the results of the 2020 election in Georgia. Powell did not immediately respond to a request for comment from Insider sent outside regular business hours.

Persons: Sidney Powell, dishing, Powell, Donald Trump, Powell —, —, She's, didn't, Joe Biden's, Fulton, Sidney, It's, Powell who's, Rudy Giuliani, Fani Willis, Giuliani Organizations: Service, Dominion, Trump, Department of Justice, New York Locations: Georgia, Wall, Silicon, Newsmax, Fulton County

Corporate execs and lawyers with business before the Supreme Court mingled with some of the country's most influential jurists. Revelations about Thomas and Crow's relationship have prompted calls in Congress for the Supreme Court to adopt its first-ever binding code of ethics. But as a Supreme Court justice, Kagan is not currently bound by those rules. The Aspen Institute isn't alone in dangling Supreme Court access to lure deep-pocketed donors. Financial support for a public mission flowed one way, and scheduled private time with Supreme Court justices was dispensed in return.

Persons: Meryl Chertoff, Kagan, Michael Chertoff, SCOTUS, Elena Kagan, execs, Brett Kavanaugh, Trump, Kavanaugh, Clarence Thomas, Harlan Crow, Thomas, Kathleen Clark, Louis, Clark, Kavanaugh —, Shook, Hardy, Bacon, Tristan Duncan, Peabody, Christina Sullivan, Brian O'Connor, Sandra Day O'Connor, Lakhani, That's, litigator, George W, Bush, Michael Chertoff's, wasn't, he'd, Chertoff, John Roberts, Gabe Roth, Roth, Crow, Rob Schenck, Tom Monaghan, Jay Sekulow, Sidney Powell —, Sonia Sotomayor's, that's Organizations: Service, Aspen Institute, DC, Aspen, Washington University, Peabody Energy, Peabody, Duncan, Speedway, Supreme, Aspen Institute's Justice, Society, Homeland Security, Chertoff, CNN, The New York Times, Historical Society, Trump, Associated Press, University of Colorado Law School Locations: Wall, Silicon, St, Washington, Pakistan, Chertoff, Aspen Institute isn't

☆ Tucker Carlson's texts from the Dominion lawsuit reveal the real Fox News
▼ + stars: | 2023-04-24 | by ( Brent D. Griffiths | Rebecca Zisser | ) www.businessinsider.com time to read: +7 min

Private texts reveal incredible detail about Fox News' inner workings. Among the messages is a thread where Tucker Carlson privately bashes Trump. Top Fox News hosts, including Tucker Carlson, privately insulted Chris Wallace and hatched a plot for a rebellion — November, 16, 2020. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues, including then-"Fox News Sunday" host Chris Wallace, were spared. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues such as then-"Fox News Sunday" host Chris Wallace were spared.

☆ Fox News' settlement with Dominion doesn't mean the risk of embarrassment is over, with Smartmatic saying it 'remains committed' to its own defamation case against the network
▼ + stars: | 2023-04-18 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

The company made the statement following Fox News' $787 million settlement with Dominion on Tuesday. Smartmatic sued Fox News for defamation in 2021 and is seeking $2.7 billion in damages. (In a statement, Fox News acknowledged the false statements and said the settlement reflected its "commitment to the highest journalistic standards.") It also opened the door to adding Fox News' parent company, the Fox Corporation, as a defendant. Before settling with Dominion, Fox News' public relations team said the same thing.

☆ Ex-Fox News producer claims the company withheld damning recordings of Rudy Giuliani and Sidney Powell that could help Dominion's defamation lawsuit
▼ + stars: | 2023-04-11 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

Former Fox News producer Abby Grossberg is claiming her ex-employer withheld evidence from Dominion. Grossberg claims Fox failed to turn over audio recordings featuring Sidney Powell and Rudy Giuliani. That line is cited in the lawsuit filed by Dominion, which is seeking $1.6 in damages for what it says was defamation. "The Trump advisor tellingly responded that there were in fact no issues with those machines," according to Grossberg's legal filing. Powell, likewise, was unable to back up some of her wilder claims, according to the filing.

☆ Former Tucker Carlson producer says Fox News lawyers coerced her into saying coworkers were trustworthy: 'They're activists, not journalists'
▼ + stars: | 2023-03-27 | by ( Jacob Shamsian | Charles R. Davis | ) www.businessinsider.com time to read: +9 min

The New York lawsuit alleges that Fox News executives and producers denied her promotions and salary adjustments that would bring her in line with male colleagues. In another section of the lawsuit, Grossberg alleges a producer on Carlson's show repeatedly made antisemitic remarks. In her revised deposition, Grossberg answers that Bartiromo — one of the Fox News hosts who platformed Powell — has a "responsibility to push back against untrue statements with fact." "That did not happen with respect to Dominion-related reporting," Grossberg claims. "Ms. Grossberg ignored these communications and chose to file her complaint without taking any steps to protect those portions containing Fox's privileged information."

☆ Texts from the Dominion lawsuit reveal the real Fox News
▼ + stars: | 2023-03-22 | by ( Brent D. Griffiths | Rebecca Zisser | ) www.businessinsider.com time to read: +8 min

Among the messages is a thread where Tucker Carlson privately bashes Trump. Dominion captured a number of texts that show Fox employees' apprehension about the growing conspiracy claims about the company's voting machines in the wake of the election. Top Fox News hosts, including Tucker Carlson, privately insulted Chris Wallace and hatched a plot for a rebellion — November, 16, 2020. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues, including then-"Fox News Sunday" host Chris Wallace, were spared. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues such as then-"Fox News Sunday" host Chris Wallace were spared.

☆ Tucker Carlson said in private messages that he actually hates Trump 'passionately:' 'I can't handle much more of this'
▼ + stars: | 2023-03-08 | by ( Matthew Loh | Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Fox News host Tucker Carlson bashed former President Donald Trump in private, per new court filings. "We are very, very close to being able to ignore Trump most nights," Carlson wrote, per Dominion's filing. "I hate him passionately," Carlson replied immediately after, per the filing. Navarro, a former Trump advisor, publicly admitted in January 2022 to devising a scheme to overturn the 2020 election. Representatives for Fox News and a spokesman for Trump did not immediately respond to Insider's requests for comment on Carlson's Trump texts.

☆ CNBC Daily Open: U.S. stocks shrug off hot inflation numbers
▼ + stars: | 2023-02-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. January's hotter-than-expected CPI report cast a shadow over U.S. markets yesterday. January's core CPI of 5.6% is a tiny notch lower than December's 5.7%, which means that prices are still tapering off. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: U.S. inflation rose more than expected. But stocks held steady
▼ + stars: | 2023-02-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. January's hotter-than-expected CPI report cast a shadow over U.S. markets yesterday. Treasury yields rose, suggesting that investors are pricing in higher interest rate hikes by the Fed. Subscribe here to get this report sent directly to your inbox each morning before markets open.

Five decades ago, Jim Ziglar witnessed the landmark Roe v. Wade decision take shape inside the Supreme Court chambers. Jim Ziglar, center left, clerked for Justice Harry Blackmun, center right, in 1972-1973, the session in which Blackmun wrote the landmark majority decision for Roe v. Wade. Blackmun, Frampton said, "really wanted to become an expert in the history of abortion and the history of abortion law." The Supreme Court clerks who served in the 1972-1973 session, in which the Roe v. Wade decision was handed down. Richard Hoffman and Rhesa Barksdale worked as clerks for Supreme Court Justice Byron White in the 1972-1973 session, in which White wrote the dissenting opinion in the landmark Roe v. Wade decision.

☆ U.S. weekly jobless claims tick higher as the job market remains tight
▼ + stars: | 2022-12-29 | by ( ) www.nbcnews.com time to read: +2 min

The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation. Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. The claims figures have been choppy in recent weeks but have held well below the 270,000 threshold that economists see as a red flag for the labor market. The claims report showed the number of people receiving benefits after an initial week of aid rose 41,000 to 1.710 million in the week ending Dec. 17.

☆ Even Donald Trump laughed at Sidney Powell when she spouted baseless voter fraud claims: 'This does sound crazy, doesn't it?'
▼ + stars: | 2022-12-23 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Even Donald Trump thought Sidney Powell sounded "crazy," per the January 6 panel's Capitol Riot report. Hope Hicks, Trump's former White House communications director, said he muted Powell during a call. While muted, Trump mocked Powell, saying: "This does sound crazy, doesn't it?" In the meantime, Dominion Voting Systems is suing Powell, Giuliani, and MyPillow CEO Mike Lindell for defamation, alleging that the trio pushed a slew of baseless voter fraud claims that hurt its business. Dominion Voting Systems said in January that it is unlikely to settle the billion-dollar lawsuits given the "devastating harm" the three caused the company.

☆ October jobs report: Employers keep hiring, but unemployment rises
▼ + stars: | 2022-11-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

The report shows employers added 261,000 jobs in October and the unemployment rate rose to 3.7% from 3.5% in September. The unemployment rate is calculated using a separate survey of households rather than the employer survey used to count workers on the job. The higher-than-expected unemployment rate is also still low by historical standards — September’s 3.5% reading matched a half-century low. “Obviously, 261,000 jobs is great,” he told CNN in an interview Friday morning after the jobs report. But he acknowledged that even with the strong labor market, it’s high prices, not jobs, on the minds of most Americans.

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