DIRS.INFO The most relevant business & tech news

☆ Biden campaign blasts Trump over abortion rights in new ad days ahead of debate
▼ + stars: | 2024-06-24 | by ( Arlette Saenz | ) edition.cnn.com time to read: +5 min

CNN —The Biden campaign is blasting former President Donald Trump over abortion rights in a new TV ad coinciding with the two-year anniversary of the Supreme Court’s decision overturning Roe v. Wade and days ahead of the first presidential debate. “He’s now a convicted felon,” Joshua says in the ad as an image of Trump in court flashes across the screen. States where abortion is most limited report higher rates of maternal and infant mortality, as well as greater economic insecurity. The Biden campaign and White House are also bracing for a major Supreme Court decision on emergency abortion access. While Biden prepares for the debate, his campaign is hosting more than 50 events across the country around Monday’s anniversary of the Dobbs decision.

Persons: CNN —, Biden, Donald Trump, Roe, Wade, Kaitlyn Joshua, Wade ”, “ He’s, ” Joshua, Trump, “ Trump, I’m, ”, Joshua, Doug Emhoff, Joe Biden’s, “, Donald Trump’s, ” Biden, ” “ Donald Trump, ” Trump, Michael Tyler, Trump “, Dobbs, Jill Biden, Harris, Kamala Harris, CNN’s Michael Williams Organizations: CNN, Biden, Camp, Trump Locations: Louisiana, Michigan, Atlanta, Pennsylvania, Maryland, Arizona

San Miguel Gate, Tohono O’odham Nation CNN —The thermometer hit 111 Fahrenheit as we rolled up to a battered tent deep in the Tohono O’odham Nation reservation in Arizona. Chairman Verlon Jose, leader of the Tohono O’odham Nation, considered addressing them, and then turned away. CNNPeople wait to be taken in by Border Patrol after crossing the US-Mexico border near the San Miguel gate on the Tohono O'odham reservation, Arizona in June 2024. Evelio Contreras/CNNYou could drive for miles on the sprawling Tohono O’odham reservation without encountering anyone beside the free-ranging cattle. Some Tohono O’odham Nation members put out water or food for the migrants, others are afraid to.

Persons: Verlon Jose, ”, Evelio Contreras, Jose, ” Jose, Katie Hobbs, we’re, Annette Mattia, “ We’re, you’ll, ” Annette Mattia, “, Ariel Mattia, Raymond Mattia's, who’ve, CNN –, ” Norma, You’ve, ain’t, Mike Wilson, ” Wilson, Raymond Mattia, ” “, Mattia, Biden, That’s, Trump, CNN’s Rachel Clarke Organizations: CNN, Patrol, Border Patrol, US Border Patrol, US Customs, Border Protection, CNN CNN, Customs and Border Protection, CBP, San, CNN Migrants, CNN Border Patrol, CNN Security, US, Plymouth Rock Locations: Miguel Gate, Arizona, Pima County , Arizona, Mexico’s, Cortez, Mexico, United States, San Miguel, Arizona’s Tucson, Menagers, , Arizona, Pima County, America, Tucson, Arizona's, illegals, American, Atlanta

☆ The stock market is having its best election year ever
▼ + stars: | 2024-06-24 | by ( Nicole Goodkind | Matt Egan | ) edition.cnn.com time to read: +9 min

The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.

Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, “, ”, Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, — Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, “, Alaska, China

☆ 'Excellent buying opportunities': Morgan Stanley's Slimmon names 3 stocks he likes right now
▼ + stars: | 2024-06-24 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Equity markets have been rallying in the past week, with the S & P 500 benchmark briefly hitting a high of 5,500 last week before losing traction. That movement has raised concerns on whether valuations are stretched, but Morgan Stanley's Andrew Slimmon has maintained his bullish stance on the stock market. "But what's important to remember is that the S & P 500 has rallied 7 of the last 8 months and is up 40% from the October lows. One merit of large-cap stocks is that they "have better earnings revisions than the small-caps," since they buy back their stocks more aggressively, he explained. Three stocks Slimmon likes right now include investment bank JPMorgan Chase , insurance company Progressive Corp and Irish building materials company CRH .

Persons: Morgan Stanley's Andrew Slimmon, I'm, CNBC's, Slimmon Organizations: Morgan Stanley Investment Management, CNBC, U.S . Federal Reserve, JPMorgan Chase, Progressive Corp

☆ Fast fashion retailer Shein confidentially files for London IPO
▼ + stars: | 2024-06-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Shein, the fast fashion giant with links to China, has confidentially filed for a public listing in London as it faces backlash in the U.S., a person familiar with the matter told CNBC. Elected officials in the U.S. have repeatedly expressed concerns about the use of forced labor in Shein's supply chain and its use of a U.S. tax law exemption known as de minimis. Shein would still prefer to go public in the U.S., sources previously told CNBC, and its filing in London doesn't mean that an IPO will happen there. It's unclear if Beijing has signed off on the London listing. Shein's London filing marks another twist in the company's so-far long road to a public markets debut.

Persons: Shein, It's, Donald Tang, — CNBC's Sara Salinas Organizations: CNBC, U.S, National Retail Federation, U.S . Securities, Exchange Commission, Wall Street Journal, SEC Locations: China, London, U.S, Beijing, Singapore, Xinjiang

☆ Bitcoin tumbles back to $60,000 to start the week
▼ + stars: | 2024-06-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin continued its descent to $60,000 on Monday. The price of the flagship cryptocurrency was last down by more than 4% at $61,211.00, according to Coin Metrics. Digital asset investment products notched a second consecutive week of outflows, according to CoinShares. Last week crypto investment products saw their lowest trading volumes globally since the U.S. bitcoin ETFs launched in January. "We have now seen $1.2 billion of outflows from crypto ETFs over the last two weeks which all began after the FOMC meeting.

Persons: Bitcoin, cryptocurrency, James Butterfill, Eleanor Gaywood Organizations: Metrics, CNBC Locations: U.S

☆ Treasury yields are flat as investors gear up for inflation data
▼ + stars: | 2024-06-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

One basis point is equivalent to 0.01%The 10-year Treasury yield was flat 4.257% on Monday. The 2-year Treasury yield was fractionally higher at 4.736%. Treasurys were muted entering the final week of June, with investors set to zero in on Friday's key inflation report. With a summer interest rate cut from the Federal Reserve seemingly off the table, markets are hunting for more signs that September may be the month. That may come in the form of Friday's personal consumption expenditures price index, the Fed's preferred inflation gauge.

Persons: Michelle Bowman, Lisa Cook Organizations: Federal Reserve, Reuters, Traders Locations: U.S

☆ Gold edges higher on softer yields; U.S. inflation data in focus
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Spot gold was up 0.2% at $2,325.53 per ounce as of 0333 GMT, after falling more than 1% on Friday. Benchmark 10-year U.S. Treasury yields edged down, making non-yielding bullion more attractive for investors. There are at least five Fed officials speaking this week, including San Francisco Fed President Mary Daly and Fed Governors Lisa Cook and Michelle Bowman.

Persons: Kyle Rodda, Rodda, Mary Daly, Lisa Cook, Michelle Bowman Organizations: Federal Reserve, Treasury, Capital.com, Traders, San Francisco Fed Locations: Capital.com .

☆ Prosecutors recommend DOJ file criminal charges against Boeing: report
▼ + stars: | 2024-06-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

US prosecutors recommended the DOJ file federal criminal charges against Boeing, Reuters reported. In May, officials found the company violated a 2021 settlement agreement related to two fatal crashes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS prosecutors have recommended that the Justice Department file federal criminal charges against Boeing for violating the terms of a 2021 settlement related to two fatal crashes, Reuters reported, citing two sources familiar with the matter. In May, officials found that Boeing had violated the terms of a 2021 settlement related to two fatal crashes in 2018 and 2019.

Persons: — Organizations: Boeing, Reuters, DOJ, Service, Justice Department, Federal Aviation Administration, Business

☆ Dollar steady ahead of inflation reading; yen teeters toward 160
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +3 min

The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The yen weakened to 159.94 per dollar in early trade on Monday, its lowest since April 29, when the yen touched a 34-year low of 160.245 leading to Japanese authorities spending some 9.8 trillion yen to support the currency. "The combination of slowing activity, a loosening labor market and slower inflation readings make us increasingly confident that the Fed will begin reducing policy rates in September," Citi said. The Australian dollar was last at $0.6640 and the New Zealand dollar was little changed at $0.6113.

Persons: Masato Kanda, Carol Kong, Emmanuel Macron, Christopher Wong Organizations: Bank of, Commonwealth Bank of Australia, Reuters, Citi, Fed, National, New Zealand Locations: Japan, U.S

☆ Trump previews debate attacks against Biden's economy days before candidates face off
▼ + stars: | 2024-06-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Former President Donald Trump on Saturday gave a brief glimpse of the ammunition he is loading up against President Joe Biden's handling of the economy ahead of the first presidential debate next week. On inflation specifically, Trump foreshadowed a tactic he said he might use at the upcoming debate against Biden on June 27. Maybe I should save it for the debate," Trump said moments before taking out a miniature box of Tic Tac candies and holding a regular sized box next to it. But I will end the Biden inflation nightmare." But something like Trump's Tic Tac stunt will not be permitted at the Thursday debate where props and pre-written notes are prohibited.

Persons: Donald Trump, Joe Biden's, Trump, Biden, gesturing, Harris, Sarafina Chitika Organizations: U.S, Republican, Saturday, Freedom Coalition, Biden, Federal Reserve, Social, Social Security Locations: Racine , Wisconsin, U.S

☆ Top Wall Street analysts recommend these stocks for the long haul
▼ + stars: | 2024-06-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Against that uncertain backdrop, Wall Street analysts are focused on identifying stocks with solid fundamentals and strong long-term growth prospects. In that climate, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Finally, Feinseth mentioned Microsoft's strong financial position, which supports enhanced shareholder returns and enables investments in the company's AI ambitions. The company's Zscaler Zero Trust Exchange platform securely connects users, devices and applications by protecting them from cyberattacks and data loss. Following the Zenith Live 2024 event, Baird analyst Shrenik Kothari reaffirmed a buy rating on Zscaler stock with a price target of $260.

Persons: Kevin Scott, TD Cowen, Helane Becker, Becker, TipRanks, OpenAI, Ivan Feinseth, Feinseth, Baird, Shrenik Kothari, Zscaler, Kothari Organizations: Microsoft, Technology, Artificial, Seattle Convention Center, Federal Reserve, Street, Delta Air, Delta Air Lines, DAL, Delta, Activision Blizzard, Zero, Zenith Locations: Seattle, Seattle , Washington, Toronto, Delta

☆ Opinion: Destined to be a lame duck
▼ + stars: | 2024-06-23 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. When Biden and Trump meet in a debate on CNN Thursday, expect part of the audience to be wondering exactly who and what will come next. Biden, who’s battling low approval ratings, is sticking with Vice President Kamala Harris, whose polls are also bleak. There were 28, and we’ve had 11 so far this year, Bridget Johnson noted in the first of a CNN Opinion series about America’s preparedness. “It’s a measure of his hold on American society that he’s still revered a half-century later,” wrote Frederic J. Frommer.

Persons: Franklin D, Roosevelt, “, ”, Alexander Wiley of, Adolph Sabath, Sabath, can’t, Joe Biden, Donald Trump —, Biden, who’s, Kamala Harris, Ronald Reagan’s, George H.W, George H.W . Bush, Trump, Julian Zelizer, Zelizer, it’s, Facebook “ Trump, ’ Trump, Hunter Biden, ” Terry Szuplat, Barack Obama, I’ve, that’s, Obama, Dan, ’, don’t, … Don’t, Melinda French Gates, Douglas Heye, Bob Good, Trump Dean Obeidallah, Clay Jones, we’ve, Bridget Johnson, Johnson, “ we’re, Richard Serino, Irma, Maria, Hurricane Maria, Mark Wolfe, ” Drew Sheneman, Anna Bershteyn, Michael Diamond, Roe, Wade, Karen Finney, Jennifer Tucker, Chuck Schumer's, Chuck Schumer, Schumer, he’s, John Kasich, Bill DeBlasio, Donald Trump, Sarah Palin, Biden’s, Jill Filipovic, Walt Handelsman, Luther Terry, Vivek H, Murthy, ” Kara Alaimo, Dolly Parton, Allison Hope, Dolly Parton “, Parton, ” Hope, Ericka Andersen, ’ Andersen, Andersen, Dolly, Nathan B, Baskind, Weeks, Samantha Baskind, Uncle Nate, Nathan Baskind, David, ” Samantha Baskinshe, ” Don’t, Phil Hands, Nadine Pienede, Frida Ghitis, Adam Plowright, Sara Stewart, Andrew McCarthy, Rohit Chopra, Willie Mays Bill Bramhall, Willie Mays, Frederic J, Frommer, ” Frommer, Mays, —, ” Mays, Vic Wertz, It’s Organizations: CNN, Republicans couldn’t, Democratic, GOP, Alexander Wiley of Wisconsin . Rep, Illinois Democrat, New York Times, Trump, Biden, Twitter, Facebook, UFC, Democrats, Braver, Trump Dean, US, FEMA, Hurricane, Ricans, Ledger, Agency, “, Independence, ”, Times, Federalist, Army, Journal, Tribune, New York Daily, Cleveland Indians, New York Giants Locations: Illinois, George H.W ., New York, American, ” “ Ohio, John Kasich , New York City, Donald Trump , Alaska, Switzerland, France, Normandy, Wisconsin, Juneteenth, Haiti, Putin’s, Korea, “

☆ Village on Ukraine's doorstep set to become NATO's biggest European airbase as Putin vows to go 'to the end' in the war
▼ + stars: | 2024-06-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Nicolae Crețu, the commander of the air base, told the outlet that the expanded facility would require "maintenance hangars, fuel stores, ammunition, equipment, aviation technical materials, simulators, feeding facilities, accommodation." Advertisement"Our objective here in Romania is to enhance our integration into NATO Air Power by honing and deepening our cooperation with the Royal Air Force and the Romanian Air Force", he added. Romanian air force F-16 fighter planes. AdvertisementNevertheless, Putin this week reiterated his threats to the West, vowing to go "to the end" in the war with Ukraine. Defeat in Ukraine, Putin said, would mean "the end of the 1,000-year history of the Russian state.

Persons: —, Nicolae Crețu, Rami Lindström, Andreea Alexandru, Charlie Tagg, Dorin Popescu, Mihail Kogălniceanu, Andrey Klimov, Vladimir Putin, ALEXANDER NEMENOV, Putin Organizations: Service, NATO, Euro News Romania, Business, BBC, Finnish Air Force, Royal Air Force, NATO Air Power, Romanian Air Force, AP, Federation, Committee, Foreign Affairs, Getty Locations: Odesa, Ukraine, Europe, Romania, Romanian, Norway, Andreea Alexandru US, Bucharest, Russian, Russia, Finland, Sweden

☆ Why Mount Rainier is the US volcano keeping scientists up at night
▼ + stars: | 2024-06-23 | by ( Katie Hunt | ) edition.cnn.com time to read: +10 min

Yet, more than Hawaii’s bubbling lava fields or Yellowstone’s sprawling supervolcano, it’s Mount Rainier that has many US volcanologists worried. “Mount Rainier keeps me up at night because it poses such a great threat to the surrounding communities. Mount Rainier, a snowcapped volcano, looms over Puyallup Valley near Orting, Washington. Mount St. Helens, which cataclysmically erupted in May 1980, ranked as second most hazardous before Mount Rainier in third place. USGS Cascades Volcano Observatory geophysicist Rebecca Kramer works on station PR05, part of the Mount Rainier lahar detection network.

Persons: Liev Schreiber ”, Mount Rainier, ” Jess Phoenix, Liv Schreiber, ”, Ed Ruttledge, Rainier, Seth Moran, Colombia’s Nevado, … you’ve, ” Bradley Pitcher, ” Pitcher, Mount, del Ruiz, “, Hawaii’s, Jacques Langevin, Sygma, Moran, ” Moran, Rebecca Kramer, Rob Mertens, Dergan, Roald Reitan, CNN’s, ” Reitan Organizations: CNN, Sunday, Union of Concerned, Mount Rainier, Geological Survey, . Geological, Colombia’s, Columbia University, Geologists, Mount, Helens, Washington State Fairgrounds, Mount Rainier . U.S . Geological Locations: Mount, Washington, Rainier, Tacoma, South Seattle, Mount Rainier, Pacific, Puyallup, Orting , Washington, Vancouver , Washington, Ruiz, Armero, ”, Mount St, Helens, Colombia, Puget Lowlands, Valley, Alder, Mount Rainier . U.S, Sumner, Bonney, Orting, White, Carbonado

☆ Stock futures are flat as the market set to enter last week of June near a record: Live updates
▼ + stars: | 2024-06-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Stock futures were flat in overnight trading Sunday as the market is set to enter the last week of June and 2024's first half near record highs. Futures on the Dow Jones Industrial Average and S&P 500 futures were both little changed. The S&P 500 scored an intraday record of 5,505.53 on Thursday and posted another winning week. The equity benchmark gained 0.6% last week, notching its eighth positive week in nine. The S&P 500 has advanced almost 15% this year after notching 31 record closes.

Persons: Katie Nixon Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Nvidia, Microsoft, U.S ., Trust Wealth Management, Federal, FedEx, Micron, Walgreens Boots Alliance, Nike

☆ These are the least difficult areas in U.S. to buy a home: NBC News Home Buyer Index
▼ + stars: | 2024-06-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

10'000 Hours | Digitalvision | Getty ImagesThere are areas in the U.S. that are considered to be the least difficult places to buy a home, according to a new real estate indicator. When the counties are sorted by index rank, Iroquois County, Illinois is the least difficult market to buy a home, according to the NBC News Home Buyer Index. Economic Instability: Macon County, Tennessee has the most stable local economy among measured areas. And finally, economic instability considers an area's market volatility, unemployment levels and interest rates. The NBC News Home Buyer Index was developed by NBC News alongside housing experts, such as a real estate industry analyst and a bank economist from the Federal Reserve Bank of Atlanta.

Persons: Joe Murphy, —, Murphy, Danielle Hale, Jacob Channel, Hale Organizations: NBC, U.S ., Finance, NBC News, Federal Reserve Bank of Atlanta, U.S . Department of Housing, Urban Development, . Census, Federal, Fed, who've Locations: U.S, Iroquois County , Illinois, Somervell County , Texas, Imperial County , California, Macon County , Tennessee

☆ F.B.I. Offers Reward for Information About New Mexico Wildfires
▼ + stars: | 2024-06-23 | by ( Alexandra E. Petri | ) www.nytimes.com time to read: +1 min

The Federal Bureau of Investigation is offering an award for information about two wildfires in southern New Mexico that left two people dead, prompted the evacuation of thousands and scorched more than 24,000 acres. The agency is offering up to $10,000 for information leading to the arrest and conviction of the “person or persons responsible for starting the fires” near the village of Ruidoso, N.M, the agency said in a statement. asked for the public’s help in identifying what sparked the blazes. Margot Cravens, a spokeswoman for the F.B.I.’s field office in Albuquerque, declined to comment on Sunday evening but confirmed that the agency was assisting with the investigation. The South Fork and Salt fires began on June 17 amid sweltering temperatures and were still burning on Sunday evening.

Persons: Margot Cravens Organizations: Federal Bureau of Investigation, Mescalero Apache, U.S . Forest Service Locations: New Mexico, Ruidoso, Albuquerque, U.S

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ The 5 biggest cases the Supreme Court hasn't yet decided
▼ + stars: | 2024-06-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

The nation's highest court typically wraps up its business by the end of June, but court watchers count roughly a dozen major pending decisions. Trump v. United States: The Trump immunity caseThe implications for Trump alone made this the most closely-watched case this term. As Justice Neil Gorsuch said during oral arguments, the court may write "a rule for the ages." Justices heard oral arguments in a case brought by commercial fishermen about a rule requiring them to pay for monitors that track potential overfishing. Justice Elena Kagan said during oral arguments that 70 Supreme Court rulings and more than 17,000 lower-court decisions have relied on Chevron.

Persons: —, Donald Trump's, Trump, Neil Gorsuch, Ketanji Brown Jackson, Jack Smith's, Smith, Lev Radin, Fischer, Joseph Fischer's, John Roberts, Loper, Raimondo, Biden, Elena Kagan, Andrew Harnik, Moyle, Roe, Joshua Turner, Ken Paxton, Brandon Bell, Ron DeSantis Organizations: Service, Trump, Business, . United, Police, United, Enron, Capitol, Electoral, Biden, Washington Post, Loper Bright Enterprises, FDA, Chevron, Natural Resources Defense, Inc, Getty, Idaho, Labor, Paxton, Industry, Gov, The Washington Post, Court, GOP Locations: . United States, United States, Pennsylvania, Chevron U.S.A, Idaho's, Idaho, Texas, Red, Florida

☆ Trump spends last Saturday before the debate meeting with Christian voters and courting Pennsylvanians
▼ + stars: | 2024-06-22 | by ( Steve Contorno | ) edition.cnn.com time to read: +6 min

Trump will address a gathering of Christian conservatives Saturday afternoon in Washington, DC, before traveling to Philadelphia for a more traditional campaign rally in a key battleground. Trump’s campaign is relishing the juxtaposition of the two candidates’ preparation styles. “While Joe Biden’s advisors force him to hide away at Camp David for some much-needed rest, President Trump is keeping up with his busy campaign schedule,” Trump spokeswoman Karoline Leavitt said. The Biden campaign slammed Trump’s appearance at the Washington event as proof of where he stands on the issue. The Trump campaign has sought to drive a wedge between Biden and his birth state by hammering the president over inflation and crime.

Persons: Donald Trump, Joe Biden, crams, Trump, Joe, ” Trump, Karoline Leavitt, Ralph Reed, Roe, Reed, ”, ” Reed, Biden, ” Biden, Sarafina Chitika, “, Donald Trump’s, ‘, ’, he’ll, Biden’s, he’s, “ Donald Trump, Abhi Rahman, CNN’s Kate Sullivan Organizations: CNN, David, Trump, Camp, Faith & Freedom Coalition, Wade, The New York Times, Philadelphia Inquirer, Siena College, Blacks, Democratic National Committee, Republican, DNC, Black, Temple University Locations: Washington , DC, Philadelphia, Racine , Wisconsin, Ohio, Washington, Pennsylvania, Lehigh Valley, SneakerCon

☆ The surprise election that could be a model for Democrats in 2024
▼ + stars: | 2024-06-22 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +14 min

I talked to Samuel Freedman, a Columbia Journalism School professor, about his recent book about Humphrey and the 1948 Democratic convention in Philadelphia. The book’s title, “Into the Bright Sunshine,” is taken from a line in Humphrey’s rousing speech on civil rights. In 1968, the Democratic Party was operating under old rules in which primary voters actually had relatively little direct effect on delegates. When Strom Thurmond and the Dixiecrats bolted from the Democratic Party in 1948, that’s the beginning of the vast majority of the White South becoming Republicans, stepping away from the Democratic Party. Show me a major Republican politician in the MAGA movement who is a fervent supporter of civil rights legislation.

Persons: Joe Biden, Hubert Humphrey, Republican Richard Nixon, Humphrey, uninspiring, Harry Truman, Thomas Dewey, Samuel Freedman, Freedman, Biden, Truman WOLF, Donald Trump, FREEDMAN, Truman, – Henry Wallace, Strom Thurmond, Jill Stein, Minneapolis Hubert H, Lyndon, George McGovern, FDR hadn’t, Brown, Ed, WOLF, there’s, Martin Luther King, It’s, Lyndon Johnson, Bobby Kennedy, Eugene McCarthy, I’m, Nixon, Spiro Agnew, Byron Donalds, Abraham Lincoln, Adlai, Stevenson, Barry Goldwater, Nixon’s, Ronald, Reagan’s, Willie Horton, Jim Crow, MAGA, Mitt Romney’s, George Romney, William Scranton, Edward Brooke, that’s Organizations: CNN —, House, Republican, Minneapolis, Columbia Journalism School, Democratic, Democratic Party, Civil Rights Movement, RFK Jr, Democratic National Convention, Civil, Chicago, CNN, Civil Rights, Southern Democrats, South Carolina Democrat, Republicans, South, JFK, Trump, Republican Party –, LBJ, Southern, Republican Party, Michigan Gov, Pennsylvania Gov, NAACP Locations: Israel, Chicago, Vietnam, New York, Philadelphia, America, ‘, Harlem, Minneapolis, Alabama, Southern, Montgomery, ’, Florida, Lincoln, Massachusetts

☆ Going After the Middleman
▼ + stars: | 2024-06-22 | by ( Lauren Hirsch | Sarah Kessler | ) www.nytimes.com time to read: +1 min

They’ve zeroed in on what may sound like a nerdy legal theory, but one that could have huge implications: the tyranny of the intermediary, middleman companies that abuse their role by squeezing out competition or creating artificially expensive moats. The Justice Department has already made one high-profile strike along these lines, suing to break up Ticketmaster and Live Nation. It is reportedly investigating at least two others. One is RealPage, a property management company that uses artificial intelligence to suggest prices and has already been sued by renters accusing it of facilitating a new type of collusion. The second is UnitedHealth Group, the health care conglomerate that owns a cobweb of businesses that include an insurer and another unit that employs about 10,000 physicians in the United States.

Persons: Lina Khan, Jonathan Kanter, They’ve Organizations: Biden, Federal Trade Commission, Ticketmaster, UnitedHealth Locations: United States

☆ These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
▼ + stars: | 2024-06-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +13 min

Every paycheck I get goes to Navient," Pucci, 59, told BI. I feel trapped, and this has been so traumatic, especially the last couple of months, it's been really, really difficult." The lender, instead, can decide how it wants to craft a relief process, if at all. AdvertisementBut Linssen's efforts paid off — she got $70,000 in private loans discharged in May. While Nave also eventually got her private loans relieved after filing complaints with the CFPB, she doesn't understand why it has to be this way.

Persons: —, Leandro Pucci, Joe Biden's, hasn't, Pucci, it's, " Pucci, Sen, Elizabeth Warren, Holder, Warren, Navient, he's, Julia Barnard, Barnard, Theresa, Christman, Theresa Christman Theresa Christman, Eileen Connor, PPSL, haven't, Connor, I've, Victoria Linssen, Jennifer Nave, Linssen, aren't, Brooks, Victoria, Victoria Linssen Victoria Linssen, Nave, they're, — Navient, Nick Eucker, Eucker Organizations: Service, Art Institute, Business, Joe Biden's Education Department, Navient, Education Department, Consumer Financial, Bureau, Education, BI, International Academy of Design, Technology, Brooks Institute, DeVry University, Victoria Linssen Victoria Locations: Venezuela, California, Navient, Cardona

☆ Fundstrat's Tom Lee keeps making bold stock calls — and nailing them
▼ + stars: | 2024-06-22 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

For example, a call that the S & P 500 would rise 100 points on a positive consumer price index print came true last year. That's true so far, with the S & P 500 jumping 4.8% in May after finishing April down 4.2%. As equities struggled, (the S & P 500 fell almost 20% in 2022), Lee felt like the risk of inflation was being mispriced. Because of that, he foresaw a rebound in 2023, a year that sent the S & P 500 more than 24% higher. "There was a pretty widely-held view that the Fed had to crash the economy in order to contain inflation," Lee said.

Persons: Fundstrat's Tom Lee, Lee, it's, that's, Lee doesn't, Russell, hiccups, Salomon Smith Barney Organizations: Fundstrat, CNBC Pro, Wharton School, selloff, Apple, Netflix, Nasdaq, JPMorgan

Search resuls for: "The Fed"

25 mentions found