DIRS.INFO The most relevant business & tech news

☆ These companies are hiking their dividends – What to know before you buy shares
▼ + stars: | 2024-02-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Big names boosting dividends as of late include Walmart , which hiked its annual payment by 9% to 83 cents a share. Meta Platforms made headlines earlier this month when it announced it would issue its first-ever quarterly dividend – a payout of 50 cents per share. Government spending, including the CHIPS Act and the infrastructure legislation known as the Inflation Reduction Act , and the upcoming presidential election are also key considerations for companies, Silverblatt added. Dividend growth names, for instance, might offer you lower yields in the present, but you have the prospect of higher future payouts. "You need to know the fund, what they invest in and what the restrictions are," Silverblatt said.

Persons: Howard Silverblatt, Dow, Silverblatt, you've Organizations: Dow Jones, Big, Walmart, Railway, CSX, Government, Tech, Apple, Microsoft, Caterpillar, McDonald's, ExxonMobil

☆ How Tarek El Moussa turns outdated properties into luxury homes
▼ + stars: | 2024-02-20 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +3 min

Tarek El Moussa spoke to BI about flipping luxury homes. AdvertisementTarek El Moussa is peeling back the curtain on luxury homes. AdvertisementThe details make the differenceAccording to El Moussa, "details and texture" are the key to elevating high-end homes. Tarek and Heather Rae El Moussa on "The Flipping El Moussas." But luxury owners still love the trend, which can lead to a lot of work during the flipping process, El Moussa said.

Persons: Tarek El Moussa, —, Christina Hall, Tarek, Heather Rae El Moussa, El, El Moussa, HGTV El Moussa Organizations: Service, HGTV, Business Locations: California

☆ Premarket stocks: Joe Biden’s top economic adviser isn’t worried about the latest inflation data
▼ + stars: | 2024-02-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —US markets broke a five-week winning streak last Friday after disappointing inflation data reignited economic and interest rate-related fears on Wall Street. Then last week, two key inflation indicators for January — the Consumer Price Index and Producer Price Index — rose above Wall Street expectations. Richmond Fed President Thomas Barkin said the new data showed that the Fed needs more confidence before cutting rates. I think in this case, the market isn’t necessarily telling you much about the economy’s fundamentals, the market is telling you what other market participants think. And I think that those economic fundamentals get you to the part that says, you know, it’s not not the economy.

Persons: Price, Thomas Barkin, Raphael Bostic, isn’t, Bell, Jared Bernstein, Joe Biden, I’m, they’re, It’s, it’s, Joe Weisenthal, Elisabeth Buchwald, Hanna Ziady, Liam Peach, ” Peach Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Richmond Fed, White House Council, Economic Advisers, CPI, Apple, Google, Nvidia, Microsoft, Capital, Discover Financial Services, Discover, Hamas, Gross, Israel’s, Bureau, Statistics, Capital Economics Locations: New York

☆ CEO quit his 6-figure job at Microsoft—and landed a $300,000 'Shark Tank' offer for his new startup
▼ + stars: | 2024-02-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

A self-proclaimed "serial plant killer" went on ABC's "Shark Tank" — and came away with a $300,000 offer for his houseplant health company Flora. Flora was founded in 2022 by Aabesh De, a former Microsoft employee who quit his "cushy" six-figure job to build a soil meter and accompanying app that alerts people about the health of their houseplants. "My dear mother gave me her prized rose bush plant that she had for years," De, 29, said on the show. "I would never go for a subscription model after buying [the soil meter]," she said. "I think you're smart as hell, and I like to invest in people who are smart as hell," Greiner said.

Persons: Aabesh De, De, we've, weren't, Robert Herjavec, Mark Cuban, Kevin O'Leary, O'Leary, Barbara Corcoran, Lori Greiner, Greiner, You've Organizations: Microsoft, CNBC Locations: Flora

☆ A GOP congressman says he has 'zero concerns' about the wave of departures from the House: 'We probably need a few more retirements'
▼ + stars: | 2024-02-20 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

"I think the retirements are a wonderful thing," Good recently told CNN. I blame a lot of the 'crazy eights' led by Gaetz," McCarthy told CNN. However, Good dismissed concerns about congressional turnover, even as Republicans control the House, albeit narrowly. Why don't you survey the country and see if there is any brain to drain in Congress," he told CNN. As of Tuesday, 21 GOP lawmakers have chosen not to run for reelection this year or are running for another public office.

Persons: —, Bob Good, Kevin McCarthy of, McCarthy, Matt Gaetz, Gaetz, Good, Mike Gallagher of, Mark Green of, Alejandro Mayorkas —, — Green, Gallagher, Tom McClintock of, Ken Buck, Ken Buck of Colorado, Mayorkas, Debbie Lesko of, wouldn't, gridlock, we're Organizations: Service, GOP Rep, Caucus, Business, CNN, Chinese Communist Party, Homeland Security, Homeland, GOP Locations: Virginia, Kevin McCarthy of California, Florida, Congress, Mike Gallagher of Wisconsin, Mark Green of Tennessee, Tom McClintock of California, Ken Buck of, Debbie Lesko of Arizona

☆ Meet the 'forgotten middle' of Americans over 75 about to face a rocky retirement
▼ + stars: | 2024-02-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

The 'Forgotten Middle' group might face difficulties affording necessary housing and care. AdvertisementA crisis is ballooning for middle Americans of retirement age. ”They focused on the potentially bleak financial futures of what they term the "Forgotten Middle." AdvertisementThat “Forgotten Middle” group is only expected to get bigger and more diverse. A University of Southern California and Columbia University analysis found that homeownership rates for lower-income “Forgotten Middle” Americans have fallen by 31% from 1994 to 2018.

Persons: —, ” Sarah Rayel, they’re, ” Rayel, There’s, Sen, John Hickenlooper, won’t Organizations: Service, University of Chicago, Health, University of Michigan, Medicaid, University of Southern, Columbia University, Consumer Finances, National Council, Aging, AARP, Democrat, Savings Locations: NORC, University of Southern California, Colorado

☆ Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
▼ + stars: | 2024-02-19 | by ( Laura He | Marc Stewart | ) edition.cnn.com time to read: +6 min

But according to CNN calculations based on official data, the average tourism-related spending per trip was below pre-pandemic levels, as consumer confidence remains weak amid deflationary pressure. However, the most recent holiday season took place over eight days from February 10 to February 18, which was one day more than previous periods. On average, 59.25 million domestic trips per day were made during this holiday period, slightly lower than the 59.29 million trips per day taken in 2019. Movie ticket sales reached a record 8 billion yuan ($1.11 billion) during the eight-day holiday season, according to data released on Sunday by China Film Administration. “The headwinds to growth remain severe and it will take more than a bump in holiday travel for market sentiment to recover,” said Neumann.

Persons: ” Nomura, ”, Frederic Neumann, Neumann, “ Organizations: Beijing CNN, CNN, Ministry of Culture, Tourism, Hangzhou East Railway, National Immigration Administration, China Film Administration, HSBC, China Index Holdings, Shenzhen Component Locations: China, Hong Kong, Beijing, Hangzhou, China's Zhejiang province, Macao, Asia, Shanghai, Shenzhen

☆ Speaker Mike Johnson faces critical decision on Ukraine aid as international pressure grows to act
▼ + stars: | 2024-02-19 | by ( Melanie Zanona | Annie Grayer | ) edition.cnn.com time to read: +10 min

CNN —Speaker Mike Johnson is facing international criticism over his lack of swift action on Ukraine aid, which is ratcheting up pressure to make a critical decision that will not only have massive implications for his rookie speakership but also for Ukraine’s ongoing war effort against Russia. “If there is a Mike Johnson plan, there aren’t any House Republicans that are aware of its existence.”The pressure cooker Johnson is facing has exposed some frustration over how he has approached his speakership. At a time when House Republicans are looking to their leader to make a decisive choice, the speaker has instead elevated members to bring forward their own ideas without articulating his own preferences. “Ukraine is in desperate need of the US aid, passed by an overwhelming bipartisan vote on the floor of the United States Senate. “We’re looking at a number of options on our leadership team.”Meanwhile, President Joe Biden has repeatedly hammered Johnson over his inaction.

Persons: Mike Johnson, Johnson, –, Alexei Navalny, Kevin McCarthy, Donald Trump, Sen, J.D, Vance, Johnson —, Warren Davidson, ” Davidson, Virginia Sen, Mark Warner, ”, Ben Cardin, “, ” Cardin, It’s, Brian Fitzpatrick, someone’s, Mitch McConnell, Vladimir Putin, ” Johnson, Steve Scalise, Trump, ” Scalise, Joe Biden, ” Biden, NATO … I’ve, Biden, Chuck Schumer, Putin “, Vladimir Putin’s, ” Schumer, it’s, There’s, Mike Turner, ” CNN’s Alex Marquardt Organizations: CNN, Russia, Democratic, Congress, Global, Security, Republicans, Republican, NATO, GOP, Caucus, languishes, Senate Intelligence, United, United States Senate, Senate, NATO …, New, New York Democrat, House Intelligence, Ohio Republican, Press, Ukraine Locations: Ukraine, Russian, Warren Davidson of Ohio, “, Munich, United States, Russia, Pennsylvania, Baltic, Florida, New York, Washington

☆ These Small Towns Have a Big City Problem: The Rent Is Way Too High
▼ + stars: | 2024-02-18 | by ( Erin Nolan | ) www.nytimes.com time to read: +1 min

It had become unbearable for Troy Mongillo and his girlfriend, Amanda Pabon, to spend time at home. But the couple quickly discovered what has become a reality in Beacon and the rest of the Hudson Valley, directly north of New York City: Affordable rentals were hard to come by. They were shocked by how few apartments fell within their budget and how much landlords were demanding of them just to apply. “I was starting to feel like there’s just no end in sight,” Mr. Mongillo said of the weeks they spent searching for a new home. “Things felt really bleak.”An intensifying housing crisis has gripped New York City and urban areas around the country, fueled by the rising costs of homeownership, surging rents and limited housing stock.

Persons: Troy Mongillo, Amanda Pabon, Mr, Mongillo Organizations: New Locations: Beacon , N.Y, Beacon, Hudson, New York City

☆ The fastest-growing city in Texas is a tiny place no one's ever heard of
▼ + stars: | 2024-02-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

Texas' fastest-growing city is a small spot outside Dallas called Josephine, census data shows. “It's a stressor being in that type of environment,” Moore told Business Insider. AdvertisementAccording to census data, Josephine is the fastest-growing city in Texas. AdvertisementAn aerial view of Josephine, Texas. “The majority of the homes in the city of Josephine are overwhelmingly priced at $300,000.

Persons: Josephine, —, Cassidy Moore, Moore —, McKinney , Texas —, “, ” Moore, Moore, she’d, Redfin, Dallas ’, Antonio —, ’, Let's, ’ ”, homebuilder, Horton, Robbie Hale, Burnet, Bonnie Hunt, Lisa Palomba “ Josephine, ” Hunt, “ It's, Lisa Palomba, ” Palomba, Josephine —, We're, Sherman Organizations: Texas, Service, Fort Worth metroplex, Google, US, Waverly Estates, Estates, Texan, Real Estate, McKinney Locations: Dallas, Fort Worth, McKinney , Texas, Josephine, Texas, Florida, San Antonio, New Braunfels, Austin, DFW, Josephine , Texas, D.R, Meadow, Horton, Sun, Florida , Georgia, Arizona, McKinney, Plano, “

☆ Arlington, Virginia, gave $500 to low-income families no strings attached. It helped them catch up on bills, but many still struggle to afford housing.
▼ + stars: | 2024-02-17 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

For the 10% of households making under 30% of the county's median income, median living expenses are about three times what they earn. AdvertisementCompared to the control group that didn't receive payments, participants had significantly better employment outcomes. While the percentage of employed control group families stayed the same at 74%, the participants’ employment rate jumped from 75% to 87%. When looking only at employed participants, median income rose from $1,573 to $1,900 per month. When factoring in other sources of income, such as Social Security or child support, the control group’s income rose 40% while the participants’ income rose 84%.

Organizations: Service, Arlington Community Foundation, Arlington County Department of Human Services, Business, Economic Research Institute, Security Locations: Washington, Arlington , Virginia, Texas, South Dakota, Arlington, American, Arlington County

☆ Why Alexey Navalny's death is unlikely to change Congress' Ukraine aid quagmire
▼ + stars: | 2024-02-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Read previewLeaders in both parties vowed that Russian President Vladimir Putin must pay for the death of famed opposition leader Alexey Navalny. It's unclear though how their tributes will translate into tangible action, especially on Congress' long-delayed push to send more aid for Ukraine's defense. House Speaker Mike Johnson said in a statement that international leaders "must be clear that Putin will be met with united opposition." While it's true that the foreign aid bill could garner 218 votes, getting the bill on the floor is another matter entirely. Ukraine aid still hasn't passed.

Persons: —, Vladimir Putin, Alexey Navalny, Mike Johnson, Putin, Johnson, Donald Trump, Marjorie Taylor Greene, Kevin McCarthy, hasn't, McCarthy, Matt Gaetz, Trump, Matt Glassman, Glassman, It's, there's, Volodymyr Zelensky, Schumer, Churchill Organizations: Service, Business, Georgia Republican, Ukraine, GOP, California Republican, Florida Republican, Georgetown University's Government Affairs Institute, Republicans, Trump, Republican Locations: Ukraine, United States, Baltic, Georgia, California, Florida, Mexico, Mexican

☆ Pay TV distributors may be planning their attack against new sports joint venture
▼ + stars: | 2024-02-15 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

It's been about a week since Disney , Warner Bros. Discovery and Fox announced a new joint venture to offer live sports outside the traditional cable bundle, and pay TV distributors are still trying to figure out just how disruptive the new service will be. If Disney, Warner Bros. Discovery and Fox allow distributors to offer the same product, in addition to the standard cable bundle, there's likely to be minimal consternation about the joint venture. Privately, however, leaders at Disney, Warner Bros.

Persons: It's Organizations: Disney, Warner Bros . Discovery, Fox, Comcast, Charter, DirecTV, ABC, ESPN, ESPN2, TNT, TBS

☆ Chinese consumers are about to return from the holidays. That doesn't mean the economy will pick up.
▼ + stars: | 2024-02-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementChina's economy and markets were weak coming into 2024, but investor sentiment could worsen after the ongoing Chinese New Year break. "Service consumption growth will likely slow sharply after the Chinese New Year holiday on fading pent-up demand and weakening consumer confidence," the economists wrote. Authorities have pulled more than a dozen moves since January to try to stabilize the stock market rout and support downbeat property market demand amid its real-estate crisis. After all, there were suggestions earlier that authorities are considering a stabilization fund to rescue the flailing stock market. AdvertisementMainland stock markets are closed this week for public holidays.

Persons: —, Rich Lesser, Lesser, Hang, Xi Jinping Organizations: Beijing, Service, Chinese Ministry of Commerce, Nomura, Boston Consulting, Hang Seng China Enterprises, Authorities Locations: China, Beijing, Hong Kong

☆ AI could disrupt the 2024 US presidential election. What’s Congress doing about it?
▼ + stars: | 2024-02-14 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

But with just nine months until Americans head to the ballot box, there are few signs Congress is ready to pass any meaningful legislation on AI. Alex Wong/Getty ImagesSchumer has previously said that with the election nearing, he may seek to fast-track a bill that focuses specifically on AI and election security. Nothing looks likely to move.”Initial momentum on AI regulationFor months, Congress has focused on getting up to speed on the basics of AI. Still other ideas would require “high-risk” AI models to register for a government license, or create a dedicated new federal agency to oversee AI. OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I.

Persons: Joe Biden, Chuck Schumer, Bill Gates, Mark Zuckerberg, Elon Musk, “, Schumer, Sen, Todd Young, Martin Heinrich, Michael Rounds, Alex Wong, New Mexico Democratic Sen, South Dakota Republican Sen, Mike Rounds, Indiana Republican Sen, didn’t, Paul Gallant, Cowen, ”, Gallant, we’re, Sam Altman, Altman, Heinrich, Rounds, Young, Julia Nikhinson, Sundar Pichai, Jensen Huang, Mike Johnson, Marcus Molinaro, Johnson, Drake, Tom Hanks, Tennessee Republican Sen, Marsha Blackburn, Hakeem Jeffries, Don Beyer, it’ll, Alan Davidson, Biden, Elizabeth Frantz, ” Davidson, —, Sarah Myers West Organizations: Washington CNN, mayoral, U.S, Senate, Capitol, Artificial Intelligence, “, CNN, New, New Mexico Democratic, South Dakota Republican, Indiana Republican, Cowen Inc, United, International Atomic Energy Agency, Intelligence, Reuters, Google, Nvidia, New York Republican, The Washington Post, Commerce, Tennessee Republican, ITI, Virginia Democratic Rep, State of, Republican, House Energy, European Union, EU, Congress, Commerce Department, White House, Privacy, Technology, Democrats, Federal Trade Commission Locations: Washington ,, New Mexico, South, Washington , U.S, Washington

☆ Review of Sensitive Issues Slows Potential Release of Biden Transcript
▼ + stars: | 2024-02-14 | by ( Charlie Savage | ) www.nytimes.com time to read: +1 min

The White House’s review of whether to release a transcript of a special counsel’s interview of President Biden that set off a political furor is being complicated by the sensitive material it covers, including classified information, security measures and discussions that could be subject to executive privilege, people familiar with the matter said. The White House has been pressed by reporters seeking the transcript since the release last week of the report by Robert K. Hur, a special counsel who investigated Mr. Biden’s handling of classified records from his vice presidency after he left office. And three Republican chairmen of House oversight committees have sent a letter to Attorney General Merrick B. Garland demanding that he turn over both the transcript and audio recording. Such a disclosure does not appear imminent, according to people who spoke on the condition of anonymity to discuss sensitive internal matters about why the review is challenging. Mr. Hur, who was appointed by Mr. Garland and had served as a political appointee in the Trump Justice Department, found that “no criminal charges are warranted” against Mr. Biden even though classified material from his vice presidency had been found at an office and in his home.

Persons: Biden, Robert K, Hur, General Merrick B, Garland, . Hur Organizations: White, Trump Justice Department, Mr

☆ House lawmakers weigh relief for state and local tax deduction 'marriage penalty'
▼ + stars: | 2024-02-14 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Violetastoimenova | E+ | Getty ImagesHouse lawmakers are weighing relief for a "marriage penalty" that impacts the federal deduction limit on state and local taxes, known as SALT. While the bill doesn't have broad support, it could help shape future tax policy discussions, experts say. Without changes from Congress, the $10,000 limit will sunset after 2025 and there will be no deduction cap. Lawmakers on Wednesday afternoon will cast a procedural vote on the bill for future House consideration. As discussions continue about expiring Tax Cuts and Jobs Act provisions, the SALT cap "is going to be one of the biggest sticking points," he said.

Persons: there's, filers, Garrett Watson, John Buhl Organizations: Getty Images, Republicans, Tax, Urban Institute, Urban Locations: New York , New Jersey, California

WASHINGTON (AP) — A longshot bid to temporarily double a $10,000 cap on state and local tax deductions for most married couples went down to defeat Wednesday in the House. Republicans limited the deduction to help pay for other tax cuts in the 2017 package. They also cast the vote as an “election ploy to help New York Republicans win the next election.”“They created this problem that they now want to put a band-aid on,” Rep. Teresa Leger Fernandez, D-N.M., said of House Republicans. Nearly half of taxpayers in his district claimed the state and local tax deduction before the law was changed during the Trump administration. After the vote, Lawler said New York Republicans fought for their districts and the state, and “New York Democrats helped tanked the bill.” He said Democratic leader Hakeem Jeffries urged colleagues to vote against the procedural rule.

Persons: Donald Trump's, It's, Joe Biden, Tom Suozzi, George Santos, Biden, ”, Anthony D'Esposito, Teresa Leger Fernandez, Mike Lawler, Lawler, Trump, ” Lawler, Hakeem Jeffries Organizations: WASHINGTON, Republican, New, Republican Rep, Republicans, New York Republicans, ”, House Republicans, “ New, “ New York Democrats, Democrats Locations: New York , New Jersey , California, New York, “ New York, New York , New Jersey

☆ A GOP congressman who voted against Alejandro Mayorkas' impeachment won't budge on his stance: 'The Constitution hasn't changed since last week'
▼ + stars: | 2024-02-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

After coming up short last week, House Republicans are set to hold a new impeachment vote Tuesday. “Well, the Constitution hasn’t changed since last week, so my vote is not going to change,” the congressman said. "Mayorkas is guilty of maladministration on a cosmic scale, but that's not grounds for impeachment," McClintock told NewsNation. Despite the high-stakes nature of the vote, McClintock told NewsNation that House Speaker Mike Johnson of Louisiana didn't "pressure" him when they spoke about the vote. Last week, the Mayorkas impeachment vote failed 214-216, with McClintock and GOP Reps. Ken Buck of Colorado, Mike Gallagher of Wisconsin, and Blake Moore of Utah voting against the secretary's impeachment.

Persons: Tom McClintock, NewsNation, impeaching Mayorkas, hasn’t, ”, —, Alejandro Mayorkas, McClintock, Donald Trump, it’s, Mayorkas, shouldn't, Mike Johnson, Mike, Ken Buck, Ken Buck of Colorado, Mike Gallagher of, Blake Moore, Moore, Steve Scalise, Joe Biden, Trump Organizations: Monday, Republicans, Service, Homeland, GOP, Congressional, Homeland Security Locations: California, Mexico, impeachments, Louisiana, Ken Buck of, Mike Gallagher of Wisconsin, Utah

☆ Congress acted to protect NATO. But it might not be enough to stop Trump
▼ + stars: | 2024-02-13 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Bettmann Archive/Getty ImagesPulling American generals out of NATO might force other NATO countries to seek their own nuclear deterrents. More members hit 2% benchmarkTrump frequently complains that NATO members other than the US don’t pay dues, which is a misstatement of facts. Multiple NATO countries do not hit that benchmark, although spending has risen since Russia’s invasion of Ukraine. “It’s just like any relationship,” said Bergmann of the likelihood of permanent damage if Trump were to materially alter the NATO alliance. I know exactly what he has done and will do with the NATO alliance,” Rubio said, although he added, “But there has to be an alliance.”

Persons: Donald Trump’s, Joe Biden, Trump, “, Biden, Peter Bergen, Vladimir Putin, CNN’s Jim Sciutto, ” Sciutto, What’s, Kurt Volker, Chip Somodevilla, Volker, ” Volker, “ It’s, ”, Dwight D, Eisenhower, Max Bergmann, Bergmann, It’s, ” Marco Rubio, Sen, Marco Rubio, ” Rubio, he’s Organizations: CNN — Lawmakers, Trump, NATO, Republicans, Ukraine, CNN, Biden, Senate, House Intelligence, Allied, Eurasia Program, Center for Strategic, International Studies, Palais, Bettmann, World Trade Center, Pentagon Locations: Russia, “, Russian, Soviet Union, NATO, United States, Atlantic, Washington ,, Europe, American, Chaillot, Sweden, Finland, Ukraine, Afghanistan, France, Marco Rubio of Florida, “ State

☆ China's economy is 'booming,' but it's being held back by a lack of confidence, Standard Chartered CEO says
▼ + stars: | 2024-02-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's economy is transitioning from an old to newer one, Standard Chartered Bill Winters told CNBC. The country's new economy is actually booming into double-digit growth rates, though confidence doesn't reflect this. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "I think China is going through a major transition from old economy to new economy. Since the pandemic, domestic consumers have focused aggressively on saving, weighing down on the country's growth and the world's only deflationary economy.

Persons: Bill Winters, —, Winters, it's, we've Organizations: CNBC, Service Locations: China, Beijing

WASHINGTON (AP) — The Senate early Tuesday passed a $95.3 billion aid package for Ukraine, Israel and Taiwan, pushing ahead after months of difficult negotiations and amid growing political divisions in the Republican Party over the role of the United States abroad. But a bipartisan deal on border security struck by Republican Sen. James Lankford fell apart just days after its unveiling, a head-spinning development that left negotiators deeply frustrated. After the border bill collapsed, the two leaders abandoned the border provisions and pushed forward with passing the foreign aid package alone — as Democrats had originally intended. In an unusually raw back-and-forth, GOP senators who support the aid challenged some of the opponents directly on the floor. Turner posted on X, formerly Twitter, after the trip that “I reiterated America’s commitment to support Ukraine in its fight against Russia.”But Speaker Johnson is in a tough position.

Persons: Vladimir Putin, It’s, ”, Chuck Schumer, Mitch McConnell, Jeff Merkley, Peter Welch of, Sen, Bernie Sanders, Donald Trump, Mike Johnson, Joe Biden's, Schumer, McConnell, “, ” McConnell, Republican Sen, James Lankford, J.D, Vance, Russia's Putin, Putin, Kentucky Sen, Rand Paul, Carolina Sen, Thom Tillis, ” Tillis, ” Sen, Jerry Moran, Moran, Trump, Russia “, Mike Turner, Volodymyr Zelenskyy, Turner, Johnson, Kevin McCarthy, ” Johnson, Abigail Spanberger, Zelenskyy, ” Spanberger, Lisa Mascaro, Kevin Freking Organizations: WASHINGTON, —, Republican Party, Ukraine, Republican, Republicans, Sens, Ukraine —, GOP, U.S . Senate, Trump, Ohio Republican, Kentucky, NATO, House Republicans, House Intelligence, Russia, ”, Senate, Virginia Democrat, Associated Press Locations: Ukraine, Israel, Taiwan, United States, U.S, Oregon, Peter Welch of Vermont, Russia, Kyiv, China, Gaza, Ohio, Carolina, Europe, America, Virginia

☆ House impeaches Alejandro Mayorkas, first Cabinet secretary to be impeached in almost 150 years
▼ + stars: | 2024-02-13 | by ( Annie Grayer | Clare Foran | ) edition.cnn.com time to read: +7 min

The House of Representatives, by an extremely narrow margin, voted Tuesday to impeach Homeland Security Secretary Alejandro Mayorkas, the first Cabinet secretary to be impeached in almost 150 years. The Department of Homeland Security said that House Republicans “will be remembered by history for trampling on the Constitution” following the vote to impeach. “Secretary Mayorkas and the Department of Homeland Security will continue working every day to keep Americans safe,” the statement said. Ken Buck, Tom McClintock, and Mike Gallagher are three House Republicans who voted against impeaching Mayorkas. Mayorkas has sent a letter to House Republicans to defend his record in public service in advance of the vote.

Persons: Alejandro Mayorkas, Mayorkas, Joe Biden, William Belknap, Republicans – Ken Buck, Republicans – Ken Buck of Colorado, Mike Gallagher of, Tom McClintock, California –, Republicans “, Mia Ehrenberg, Steve Scalise, Texas Democrat Al Green, Ken Buck, Mike Gallagher, impeaching Mayorkas, “, Troy Nehls, we’re, ”, Lance Gooden, Patrick McHenry of, Kevin McCarthy, Mike Johnson, “ He’s, Ian Sams, Chuck Schumer’s, Pro Tempore Patty Murray, ” Schumer, Johnson, Donald Trump, ” Mayorkas, CNN’s Morgan Rimmer, Manu Raju Organizations: Homeland, Republicans, Biden, Department of Homeland Security, “, Texas Democrat, AP, Getty, GOP, CNN, Texas, Democratic, Pro Tempore, House Republicans, ”, Communist, Democrats, Homeland Security, Republican, Border Patrol Locations: Republicans – Ken Buck of, Mike Gallagher of Wisconsin, California, Israel, Texas, “, Patrick McHenry of North Carolina, Cuba

☆ Opinion: How to solve the nation’s affordable housing crisis
▼ + stars: | 2024-02-12 | by ( Opinion Jim Parrott | Mark Zandi | ) edition.cnn.com time to read: +7 min

Not only has that made mortgages much more expensive, it’s exacerbated the long-standing shortage in housing supply, particularly at the lower-priced part of the market. The market machinery that cranks out housing supply at the bottom of the market has effectively ground to a halt. But falling rates will not solve the underlying structural problems that caused the housing shortfall in the first place. Once rates normalize, housing affordability will simply return to where we were prior to the pandemic, going from dismal to just bad. Lawmakers should complement this support to increase the supply of housing with targeted help for those looking to buy their first home.

Persons: Jim Parrott, Parrott Ryan, Mark Zandi, Jim Parrott Ella Parrott, Mark Zandi Moody's, it’s Organizations: Urban Institute, Moody’s, CNN, National Association of Realtors, Congress

☆ US Senate Faces New Test on Ukraine Aid Bill
▼ + stars: | 2024-02-11 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

The legislation needs 60 votes to overcome a procedural hurdle and continue toward Senate passage in the coming days. The Latest Photos From Ukraine View All 91 ImagesVoting is expected to begin around 1 p.m. EST (1800 GMT). Senate Republicans believe bipartisan passage would help stir support among Republicans in the House. The bill includes $61 billion for Ukraine, $14 billion for Israel in its war against Hamas, and $4.83 billion to support partners in the Indo-Pacific, including Taiwan, and deter aggression by China. "Nevertheless, the Senate will keep working on this bill until the job is done."

Persons: David Morgan WASHINGTON, Joe Biden, Mike Johnson, Johnson, Todd Young, Young, Chuck Schumer, Mitch McConnell, Schumer, David Morgan, Scott Malone, Daniel Wallis Organizations: Senate, Republicans, Republican, Representatives, Democratic, Friday, Indiana Republican, Israel, Hamas, West Bank Locations: U.S, Ukraine, Israel, Taiwan, Gaza, Kyiv, China, Mexico

Search resuls for: "of House"

25 mentions found