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Media - Latest News and Analysis
  + stars: | 2023-08-12 | by ( Daniel Akst | ) www.wsj.com   time to read: 1 min
Fox News Preps for First Republican Debate, With or Without TrumpThe front-runner has hinted he won’t attend the Aug. 23 event in Milwaukee, but moderators Martha MacCallum and Bret Baier are ready should he change his mind.
Persons: Trump, won’t, Martha MacCallum, Bret Baier Organizations: Fox, Republican Locations: Milwaukee
Chris Christie knocked Tucker Carlson when asked if he would appear on his new show. Christie said he prefers programs "that have real ratings and real listeners." Chris Christie said on Thursday that he's unlikely to appear on Tucker Carlson's new Twitter show anytime soon. "And so I go to places that have real ratings and real listeners like yours here. Hewitt said Levin is a respected voice among the conservative voters Christie would need to win the GOP presidential nomination.
Persons: Chris Christie, Tucker Carlson, Christie, Carlson, Tucker, I'm, Hugh Hewitt, Hewitt, Mark Levin's, Hugh, you'd, Mark Levin, Levin, there's, I've, Jimmy Fallon, David Letterman Organizations: Elon, Twitter, Service, Former New Jersey Gov, Fox News, Save, Obama White, New, MSNBC, CNN, Republican Locations: Wall, Silicon, New Jersey, America
Republican nominee Donald Trump speaks during the first presidential debate at Hofstra University in Hempstead, New York on September 26, 2016. Former President Donald Trump said he would not sign the loyalty pledge that is a requirement for participating in the upcoming first Republican presidential primary debate. "I wouldn't sign the pledge. "So they want you to sign a pledge, but I can name three or four people that I wouldn't support for President. Asked on Wednesday night if he would join the debate, Trump said, "I'll let it be known next week."
Persons: Donald Trump, Trump, Ron DeSantis, Joe Biden, Trump and Texas Sen, Ted Cruz Organizations: Hofstra University, Republican, Florida Gov, GOP, Trump and Texas Locations: Hempstead , New York, Milwaukee, Trump's, DeSanctimonious, Trump and
Concern over the sector had waned after second-quarter results showed most banks stabilized deposit levels following steeper losses during the March regional banking crisis. "Bank profitability has peaked for the time being," Arsov said. Shrinking profit margins, along with relatively lower capital levels compared to peers at some regional banks and concern about commercial real estate defaults, were key reasons Moody's reassessed its ratings on banks after earlier actions. In March, Moody's placed six banks, including First Republic, under review for downgrades and cut its outlook for the industry to negative from stable. The analyst stressed that the U.S. banking system was still strong overall and that even the banks it cut were rated investment grade, indicating a low risk of default.
Persons: They've, Banks, Ana Arsov, Arsov, Moody's Organizations: Bloomberg, Getty, Silicon Valley Bank, Moody's Investors Service, First Republic, Bank Locations: U.S, Silicon
Fox Business to host second Republican debate - RNC
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +1 min
Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Windham, New Hampshire, U.S., August 8, 2023. REUTERS/Reba Saldanha/File PhotoWASHINGTON, Aug 9 (Reuters) - Fox Business will hold the second debate of the 2024 Republican presidential contest, the Republican National Committee said on on Wednesday, making the conservative Fox outlets hosts of the party's first two debates. Trump has said he plans to skip the first Republican debate on Aug. 23 in Milwaukee, Wisconsin. The second debate will be held at the Ronald Reagan Presidential Foundation in Simi Valley, California on Sept. 27 and be partnered with Univision and Rumble, RNC Chairwoman Ronna McDaniel said in a statement. Politico first reported details on the second debate.
Persons: Donald Trump, Reba Saldanha, Trump, Ronald Reagan, Ronna McDaniel, McDaniel, Doina Chiacu, Toby Chopra, Andrew Heavens Organizations: U.S, Republican, REUTERS, Fox Business, Republican National, Fox, White, Fox News, Fox News Media, Univision, Rumble, Politico, Thomson Locations: Windham , New Hampshire, U.S, Milwaukee , Wisconsin, Simi Valley , California, Simi Valley, United States
Moody's warning this week about the credit worthiness of more than two dozen banks has created a buy-the-dip opportunity in shares of regional lenders, according to JPMorgan. The credit rating agency downgraded the ratings of 10 regional banks on Monday evening, and signaled concern for about 17 more. But JPMorgan analyst Steven Alexopoulos said in a note to clients on Wednesday that those concerns are already priced in to bank stocks, and regional bank stocks now have upside from current levels. That means that many bank stocks look cheaper today than before the downgrades, Alexoloulos said. JPMorgan's top picks among regional banks include New York Community Bancorp.
Persons: Steven Alexopoulos, Moody's, Alexoloulos, JPMorgan's, — CNBC's Michael Bloom Organizations: JPMorgan, Silicon Valley Bank, First, Pinnacle Financial, Pinnacle, Regional Banking, New York Community Bancorp, Western Alliance Locations: Silicon, New
Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. "Governor DeSantis has to change the dynamics," Eberhart said. DeSantis faces a crucial moment on Aug. 23 in Milwaukee at the first Republican debate of the 2024 campaign. "This is par for the course for DeSantis' campaigns," Ayres said. Republican Senator John McCain, for instance, fired almost all of his senior campaign staff in June 2007 before staging a comeback and ultimately clinching the 2008 Republican nomination.
Persons: Ron DeSantis, Kevin Wurm, Donald Trump, Generra Peck, James Uthmeier, Andrew Romeo, Dan Eberhart, Peck, Uthmeier, DeSantis, Eberhart, Joe Biden, Trump's, Wilbur Ross, Romeo, Robert Bigelow, Bigelow, Trump, David Polyansky, Whit Ayres, Ayres, John McCain, Gram Slattery, Alexandra Ulmer, Tim Reid, Ross Colvin, Will Dunham Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Republican U.S, Republican, Democratic, Reuters, Trump, Thomson Locations: Arlington , Virginia, U.S, Florida, Milwaukee, Washington, San Francisco, Los Angeles
Former Vice President Mike Pence has qualified for the first Republican presidential primary debate set for later this month, his White House campaign said Tuesday. Pence joins at least half a dozen other candidates who have already clinched spots on the debate stage, including Florida Gov. "Hopefully, former President Trump has the courage to show up," O'Malley said. For lower-polling candidates — a bucket that could include everyone except for Trump and DeSantis — a breakout debate performance could be critical. Asa Hutchinson said last week that his campaign is "close to halfway" toward the donor threshold.
Persons: Mike Pence, Calvin Coolidge Foundation’s, Pence, Donald Trump, Ron DeSantis, Nikki Haley, South Carolina Sen, Tim Scott, Chris Christie, Haley, Scott, Devin O'Malley, Trump, O'Malley, Christie, Doug Burgum, Miami Mayor Francis Suarez's, Lionel Messi, Asa Hutchinson Organizations: Library, Congress, Washington , DC, Republican, Republican National, Florida Gov, United Nations, New, New Jersey Gov, Trump, North Dakota Gov, Miami Mayor, Former Arkansas Gov Locations: Washington ,, Milwaukee, South Carolina, New Jersey
Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. "Governor DeSantis has to change the dynamics," Eberhart said. DeSantis faces a crucial moment on Aug. 23 in Milwaukee at the first Republican debate of the 2024 campaign. It is unclear what direction Uthmeier will take the DeSantis campaign as its new manager. "This is par for the course for DeSantis' campaigns," Ayres said.
Persons: Ron DeSantis, Kevin Wurm, Donald Trump, Generra Peck, James Uthmeier, Andrew Romeo, Robert Bigelow, Bigelow, Peck, Joe Biden, Trump, DeSantis, Romeo, David Polyansky, Dan Eberhart, Uthmeier, Eberhart, Wilbur Ross, Whit Ayres, Ayres, Gram Slattery, Alexandra Ulmer, Tim Reid, Scott Malone, Will Dunham Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Republican U.S, Reuters, Republican, Democratic, Trump, Thomson Locations: Arlington , Virginia, U.S, Florida, Milwaukee, Washington, San Francisco, Los Angeles
In what amounted to 27 rating actions on US banks, Moody's pointed to rising costs of capital, deteriorating profits, and climbing risks to assets. In effect, much of the stress on banks Moody's is responding to can be chalked up to the Federal Reserve's policy decisions over the past year and a half. "Most banks' deposits were flat or down only modestly, but the mix worsened, with non-interest-bearing deposits declining and banks paying more for deposits," Moody's strategists wrote. So Moody's downgrades aren't all doom and gloom for these firms, and it's always possible the moves are reversed once the outlook turns rosier. Banks are in the money business, he explained, and the Fed has made money harder to come by.
Persons: Moody's, Service It's, they've, it's, Michael Bell, Honigman, Banks, Bell Organizations: Bank of New York Mellon, US Bancorp, Service, Northern Trust, State Street, Capital, Citizens Financial, Fifth Third Bancorp, Bank, KBW Nasdaq, Fed, Silicon Valley Bank, First Republic Bank, Signature Bank, Reserve, Moody's, Treasury Locations: Wall, Silicon, Japan
Former U.S. Vice President and Republican presidential candidate Mike Pence speaks at the Republican Party of Iowa's Lincoln Day Dinner in Des Moines, Iowa, U.S., July 28, 2023. REUTERS/Scott Morgan/File PhotoAug 8 (Reuters) - Former U.S. Vice President Mike Pence has qualified for the first Republican debate of the 2024 U.S. presidential campaign on Aug. 23 in Milwaukee, his campaign team said on Tuesday. The Pence campaign said it told Fox News - which is hosting the debate - on Monday that it had met the target. "Mike Pence made quick and easy work of the donor threshold and he's looking forward to a substantive debate," spokesman Devin O'Malley said in a statement. "Hopefully, former President Trump has the courage to show up."
Persons: Mike Pence, Scott Morgan, Pence, Donald Trump, Devin O'Malley, Trump, Ron DeSantis, Nikki Haley, Doug Burgum, Chris Christie, Tim Scott, Vivek Ramaswamy, David Ljunggren, Jonathan Oatis Organizations: U.S, Republican, Republican Party of Iowa's, REUTERS, Former U.S, Fox News, Trump, United, New, Thomson Locations: Des Moines , Iowa, U.S, Former, Milwaukee, Pence, Florida, North Dakota, New Jersey
CNN —Moody’s has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade. A lower credit rating could push funding costs for those banks even higher. This, in turn, has raised fears that banks, which finance many commercial real estate deals, could suffer losses as a result. “Most regional banks have comparatively low regulatory capital versus the largest US banks and global peers,” Moody’s noted Monday. Moody’s also downgraded 10 smaller US banks Monday, including Commerce Bancshares (CBSH), BOK Financial Corporation and M&T Bank Corporation.
Persons: CNN — Moody’s, Dow, Cullen Frost, ” Moody’s, Moody’s Organizations: CNN, Bank of New York Mellon, State, Northern Trust, Nasdaq, Silicon Valley Bank, Signature Bank, First, U.S . Bancorp, Commerce, BOK Financial Corporation, T Bank Corporation Locations: Silicon, First Republic, United States
JPMorgan, BofA, and Wells Fargo are among those refilling the FDIC's deposit insurance fund. The FDIC's fund recently took a $13 billion hit following the failure of First Republic Bank. Wall Street's largest lenders are set to pay nearly $8.9 billion to refill the Federal Deposit Insurance Corporation (FDIC) coffers after this spring's banking fiasco. JPMorgan tops the list as the biggest contributor, expected to pay $3 billion towards the US government's deposit insurance fund, according to Bloomberg. What followed was a $15.8 billion hole in the FDIC's deposit insurance fund.
Persons: Wells, Goldman Sachs, Morgan Stanley, Jamie Dimon Organizations: titans, JPMorgan, First Republic Bank, Morning, Deposit Insurance Corporation, Bloomberg . Bank of America, Citi Group, FDIC, Silicon Valley Bank, Signature Bank, Fed Locations: Wells Fargo, Silicon
Complicating the matter for DeSantis: Trump, the front-runner in the race by far, appears unwilling to provide him with a target. Rival campaigns smell blood in the water as DeSantis has faced questions over profligate campaign spending and his readiness for the national stage. In the most recent Reuters/Ipsos poll, released last week, Trump held 47% of the Republican vote nationally, with DeSantis dropping six points from July down to just 13%. Rick Santorum, a former U.S. senator and Republican presidential candidate who participated in a series of debates in the 2012 election, said DeSantis will need to be ready for an “onslaught” of attacks. “If I was on that stage, I would be going after Trump,” Santorum said.
Persons: Ron Desantis, Tucker Carlson, Scott Morgan, Florida Governor Ron DeSantis, Donald Trump, Trump, DeSantis, Nikki Haley, , Robert Bigelow, Rick Santorum, Santorum, , ” Santorum, Justin Sayfie, Jeb Bush, ” Sayfie, Charlie Crist, Haley, Doug Burgum, Chris Christie, Tim Scott, Vivek Ramaswamy, Mike Pence, Pence, Christie, “ That’s, ” Aaron Kall, It’s, ” Kall, Marco Rubio, James Oliphant, Gram Slattery, Colleen Jenkins, Alistair Bell Organizations: Former Fox, Iowa Events Center, REUTERS, Florida Governor, Trump, Republican, United Nations, Reuters, Harvard Law School, TRUMP, New, University of Michigan, Thomson Locations: Florida, Des Moines , Iowa, U.S, Milwaukee, Haley , North Dakota, New Jersey
[1/2] Former U.S. President and Republican presidential candidate Donald Trump speaks at the Republican Party of Iowa's Lincoln Day Dinner in Des Moines, Iowa, U.S., July 28, 2023. REUTERS/Scott Morgan/File PhotoAug 7 (Reuters) - Donald Trump plans to attend the upcoming Iowa State Fair but will skip events with other Republican presidential candidates, an aide to the former president said on Monday, a move likely designed to steal the limelight from his White House rivals. Most of his rivals have agreed to be interviewed individually at the state fair by Iowa's Republican Governor Kim Reynolds between Aug. 11 and Aug. 18, but Trump turned down her invitation. In 2015, early in his ultimately successful bid for the White House, and when most pundits were dismissing his campaign, Trump flew into the Iowa State Fair in a helicopter. "Just like he had a great event in 2015, he's going to have a great event at the Iowa State Fair in 2023," the aide told Reuters.
Persons: Donald Trump, Scott Morgan, Trump, Trump's, Ron DeSantis, Kim Reynolds, DeSantis, Hillary Clinton, he's, Tim Reid, Jamie Freed Organizations: U.S, Republican, Republican Party of Iowa's, REUTERS, White, Fair, Reuters, Thomson Locations: Des Moines , Iowa, U.S, Des Moines, Florida, Iowa, New Hampshire, DeSantis
Aug 6 (Reuters) - Former Republican Vice President Mike Pence on Sunday did not rule out being a prosecution witness if his ex-boss Donald Trump goes to trial on charges of orchestrating a criminal conspiracy to try to reverse his defeat in the 2020 presidential election. Some of the Trump supporters who rioted at the U.S. Capitol chanted "Hang Mike Pence!" He denied he called him "too honest", described him as "delusional", and called him "'Liddle' Mike Pence". Pence's presidential campaign has failed to take off so far, and he even risks not making the first Republican presidential debate later this month because of a lack of donors. Pence took on his former boss more forcefully last week, accusing him of surrounding himself with "crackpot" lawyers after his 2020 defeat.
Persons: Mike Pence, Donald Trump, Margaret Brennan, Trump, Pence, we'll, Joe Biden, Liddle, Tim Reid, David Gregorio Our Organizations: Republican, Trump, U.S . Senate, U.S, Capitol, Thomson Locations: Trump, Miami, New York, Manhattan, Georgia
Former New Jersey Gov. Chris Christie speaks with reporters outside the Child Rights Protection Center in Kyiv, Ukraine, Aug. 4, 2023. Former New Jersey Gov. Chris Christie on Friday met with Ukraine President Volodymyr Zelenskyy during a surprise trip to Kyiv. "I am an advocate for there being more aid to Ukraine, more substantial aid to Ukraine," Christie said according to a pool report, adding that he wanted "to help you win the war."
Persons: Chris Christie, Friday, Volodymyr Zelenskyy, Christie, Zelenskyy, Donald Trump, Anatoliy Fedoruk, Ron DeSantis, That's, Trump, Christie's Organizations: New Jersey Gov, Child Rights Protection, Former New Jersey Gov, Ukraine, GOP, Bucha, Trump Republican, New, Granite State, Trump, Florida Gov, New Hampshire Republicans, Republican Locations: Kyiv, Ukraine, New Hampshire, Russia, New Jersey, Granite, Manhattan, Milwaukee , Wisconsin
Ron DeSantis railed against the US for having too many federal bureaucrats at a recent campaign stop. "We are going to start slitting throats on day one," he said. Ron DeSantis continued on his tirade against federal bureaucrats while speaking on the campaign trail Wednesday. "We are going to start slitting throats on day one," DeSantis said about federal bureaucrats, leading to some dissatisfaction among the crowd at the campaign stop in New Hampshire, according to New Hampshire Public Radio. In a recent New York Times survey, DeSantis finished second among currently declared Republican presidential candidates, trailing behind former President Donald Trump by 37 percentage points.
Persons: Ron DeSantis, DeSantis, Maria Bartiromo, Donald Trump, he'll, Gavin Newsom, who's Organizations: Service, Florida Gov, New Hampshire Public Radio, Internal Revenue Service, Department of Commerce, Department of Energy, Department of Education, Fox News, New York Times, Republican, GOP Locations: Wall, Silicon, New Hampshire, Washington, California
Around 36% of businesses polled view geopolitical tensions as top risks currently — such as those related to issues over Taiwan, South Korea, and Russia-NATO. The latest third quarter 2023 Global Risk Survey covered 127 businesses from July 6-27 this year. Risks aheadGeopolitical risks continue to factor prominently for businesses as a major concern for the next five years. "As reported last quarter, more than three-fifths of respondents view geopolitical risks as a very significant risk to the global economy over the medium term," said Thompson. "An intensification of geopolitical tensions could potentially trigger significant deglobalization of trade and the financial system," he added.
Persons: Fred DUFOUR, FRED DUFOUR, Fred Dufour, Jamie Thompson, Fitch, Biden, Vladimir Putin, Thompson, Kevin O'Leary Organizations: Getty, Afp, Oxford Economics, Fitch downgrades, UBS, NATO, U.S, Reuters, Atlantic Treaty Organization, . Federal, Silicon Valley Bank, Signature Bank Locations: Beijing, Taiwan, South Korea, Russia, Washington, U.S, China, it's, Ukraine, Republic, Silicon
Former Vice President Mike Pence on Wednesday said that former President Donald J. Trump and his advisers had tried to get him “essentially to overturn the election” and that the American people needed to know it. The remarks, made in an interview with Fox News, are some of Mr. Pence’s most pointed to date about what he experienced in the weeks leading up to Jan. 6, 2021, when he presided over the congressional certification of Joseph R. Biden Jr.’s victory. And they came as Mr. Pence, who is trailing his former boss, the G.O.P. front-runner, in the Republican primary, has faced a slog in his attempt to get enough small-donor donations to qualify for the first Republican debate on Aug. 23. An adviser to Mr. Pence said he got more than 7,000 donations on Wednesday, the day after Mr. Trump’s indictment on charges of conspiring to overthrow the 2020 election.
Persons: Mike Pence, Donald J, Trump, Pence’s, Joseph R, Biden, Pence Organizations: Fox News, Republican
There were hints of a similar strategy in the first hearing in the election subversion case. Key prosecutors make their public debutThursday marked the public debut of the Smith team that will handle the election subversion prosecution. Smith himself attended the hearing, as he did for Trump’s first appearance in the classified documents case in Florida earlier this year. Windom – who moved from the US attorney’s office in Maryland to play a central role in the federal election subversion investigation, spoke on behalf of the government Thursday. In the election subversion case, Trump’s attorneys have previewed arguments that the case should be moved elsewhere, given the city’s political bent.
Persons: Donald Trump, Trump, Jack Smith’s, Smith, John Lauro, they’ll, ” Lauro, Thomas Windom, Tanya Chutkan, Fani Willis, There’s, Jean Carroll, Windom –, Molly Gaston, Gaston, Steve Bannon, Rick Gates –, , Paul Manafort, Lauro, Todd Blanche, Blanche, Evan Corcoran, He’s, he’ll, didn’t, , he’s Organizations: CNN, Trump, Republican, Fulton, New, DC US, Justice Department, Trump . New Trump, Capitol, Metropolitan Locations: Washington, DC, Georgia, Fulton County, Manhattan, New York, Florida, Maryland, Manhattan’s, egging
[1/2] Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Erie, Pennsylvania, U.S., July 29, 2023. More than a dozen Republican voters interviewed on Wednesday unanimously said the new charges would not affect their 2024 election choice. These voters seemed to accept Trump's contention that he is being targeted by Democrats because he is a political threat. "The only way I'd vote for anyone other than Trump is if Trump dropped dead before the primaries, and I don't see that happening," Silver said. The Republican voters who spoke to Reuters appeared unmoved by arguments by Trump's rivals that he likely would lose a November 2024 rematch with Biden.
Persons: Donald Trump, Lindsay DeDario, Trump, Joe Biden, Robin Bartholomew, Bruce Silver, Silver, Brian Demer, Ron DeSantis, Biden, Steven Wolverton, delegitimize Trump, Trump . Sharon Young, Young, Gram Slattery, Jasper Ward, Jason Lange, James Oliphant, Will Dunham, Colleen Jenkins Organizations: U.S, Republican, REUTERS, Democratic, Trump, New York Times, Florida, Reuters, Coca, Trump ., Newport, Thomson Locations: Erie , Pennsylvania, U.S, Van Buren County , Iowa, Myrtle Beach , South Carolina, Washington, United States, New York, Georgia, Loudoun County , Virginia, what's, Siena, St, Charles , Michigan, Trump, Newport News , Virginia
Who Has Made It to the First Republican Debate So Far? At least seven candidates appear to have made the cut so far for the first Republican presidential debate on Aug. 23. To participate, each candidate must first satisfy fund-raising and polling criteria set by the Republican National Committee. But even though Mr. Trump is clearly the dominant Republican candidate so far, he has remained noncommittal about attending the debate and questioned his need to share the stage with candidates who lag far behind him in the polls. As for the remaining hopefuls, they have three weeks left to scrape together the necessary donors and polling support.
Persons: Scott Burgum Haley Ramaswamy DeSantis Christie Trump, Ramaswamy DeSantis Christie Trump, Donald J, Trump, Ron DeSantis, Florida Tim Scott Scott, Nikki Haley Haley, Vivek Ramaswamy Ramaswamy, Chris Christie Christie, Doug Burgum Burgum, North Dakota Mike Pence Pence, Asa Hutchinson Hutchinson, Larry Elder Elder, Francis Suarez Suarez, Hurd Hurd, Pence, Doug Burgum, Vivek Ramaswamy, Burgum Organizations: Republican National Committee, Republican, Trump Trump Former, North Dakota, Larry Elder Elder Conservative, Francis Suarez Suarez Mayor, Federal, Commission, Trump Locations: Milwaukee, Florida, South Carolina, U.N, New Jersey, North, Arkansas, Miami, Texas, North Dakota
Apple, Microsoft remain world's top 2 companies by market cap
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Mike Segar/File PhotoAug 1 (Reuters) - Tech giants Apple (AAPL.O) and Microsoft (MSFT.O) remained the top two global companies by market capitalisation at the end of July after riding this year's rally in technology shares. Strong quarterly earnings from companies such as Alphabet (GOOGL.O), Meta Platforms (META.O), chipmaker Intel (INTC.O) and chip equipment maker Lam Research (LRCX.O) lifted overall market sentiment last month. Facebook-owner Meta's market cap jumped more than 10% in July, thanks to the company's rosy revenue forecast and robust ad revenue growth in the second quarter. Its market cap stood at $2.49 trillion at the end of July. Refinitiv data shows 69% of large- and mid-cap U.S. companies have surpassed analysts' Q2 earnings estimates so far, with the tech sector accounting for 82% of these positive surprises.
Persons: Mike Segar, Rush, Dan Ives, JP Morgan Chase's, Patturaja Murugaboopathy, Gaurav Dogra, Susan Fenton Organizations: Apple, Grand Central, REUTERS, Tech, Microsoft, Intel, Lam Research, Facebook, Reuters Graphics Microsoft, Wall, First Republic Bank, Thomson Locations: New York City, U.S, Bengaluru
And his proposals to further reduce America’s economic links with China echo the plans of an emerging populist wing of Republican candidates, including Mr. Trump. Mr. DeSantis has already reshaped the tactics of his campaign in the past week, opening himself up to more questions from voters and the media; holding smaller, less formal events; and condensing his lengthy stump speech. Mr. DeSantis has already unveiled proposals on immigration and the military. But Mr. DeSantis, who prides himself as a policy expert, has a tendency to delve deep into details and to use a sometimes bewildering series of acronyms in his stump speeches. His allies say that getting into kitchen-table issues like the economy is a necessary shift.
Persons: DeSantis’s, Trump, DeSantis Organizations: Republican Locations: China, Florida
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