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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AI is paving the way to the future tooBill Gates-backed company KoBold Metals has used AI to discover a huge new copper mine. Chip Somodevilla/Getty ImagesAs well as seeing AI be used to excavate the past, it seems to be getting used to forge a path to the future too. Clearly then, billions of dollars aren't just being spent on AI for the sake of achieving some productivity and efficiency hacks. AI could also help usher humans into a new age of discovery.
Persons: , Nat Friedman, Bill Gates, Chip Somodevilla, Jeff Bezos, Josh Goldman reckons Organizations: Service, Business, KoBold Metals, KoBold, Democratic Locations: Rome, Egypt, Switzerland, Zambia, Democratic Republic of Congo
“I was embarrassed for our conference, for our party, because we can do better than we did last night,” said GOP Rep. Lance Gooden of Texas. It was a huge mistake,” said GOP Rep. Patrick McHenry of North Carolina, an ally to former Speaker Kevin McCarthy. And the stunning defeat, which prompted a chaotic scene on the House floor, completely overshadowed the Democratic opposition to the Israel bill. “The Democrats played hide and seek with us,” GOP Rep. Carlos Gimenez of Florida told CNN. We’ll put it back up.”For their part, Democrats took a victory lap in their maneuvering that led to a nail-biter vote and embarrassment for House Republicans.
Persons: Alejandro Mayorkas, Troy Nehls, , we’re, , Lance Gooden, GOP Sen, Lisa Murkowski, I’ve, I’m, Nancy Pelosi, George Santos, Pelosi, Ralph Norman of, Patrick McHenry of, Kevin McCarthy, Mike Johnson, “ He’s, Jen Kiggans, Johnson, speakership, ” Johnson, Donald Trump, Mitch McConnell’s, James Lankford of, Kevin Dietsch, Mayorkas, Mike Gallagher of, impeaching Mayorkas, ” Gallagher, Hugh Hewitt, Dan Bishop of, Steve Womack, ” Womack, Mitch McConnell, Chip Somodevilla, they’re, , Steve Scalise, Tom Cole of, Al Green of, Carlos Gimenez, “ It’s, Scalise, We’ll, ” Pelosi, ” CNN’s Haley Talbot, Lauren Fox, Sam Fossum Organizations: Homeland, GOP, CNN, Texas, Republican, , Republicans, House Democrats, GOP Rep, Caucus, Congress, Navy, Capitol, Getty, Democratic, Democrat, Arkansas Republican, House Republicans Locations: , Texas, Israel, Alaska, Ralph Norman of South Carolina, Patrick McHenry of North Carolina, Virginia, James Lankford of Oklahoma, Washington , DC, Mike Gallagher of Wisconsin, Dan Bishop of North Carolina, Arkansas, , Washington ,, Tom Cole of Oklahoma, Al Green of Texas, Florida
But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. What’s happening: After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. The increase was driven partly by expected losses on commercial real estate loans, it said. “As losses from a [commercial real estate] loan portfolio accumulate, they can spill over into the broader financial system,” they wrote. “There’s some smaller and regional banks that have concentrated exposures in these areas that are challenged and we’re working with them,” he said.
Persons: It’s, Goldman Sachs, Anna Cooban, Janet Yellen, Jerome Powell, Gary Gensler, , Chip Somodevilla, She’s, Powell, , ” McDonald’s, McDonald’s, Jordan Valinsky, Samantha Murphy Kelly, “ We’ve Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, US Regional Bank, Japan’s Aozora Bank, Deutsche Bank, Canadian Public Pension Investment Board, Boston Properties, US Securities and Exchange, Financial, Biden, Senate, CBS, Verizon, Old Telephone Service, landlines, UK, Consumers, CNN, California Public Utilities Commission Locations: New York, Manhattan, Boston, Washington ,, East, United States, California, France, California ”
But the Haley campaign is also courting the support of South Carolina retirees, a growing portion of the Republican primary voter pool. She said on Twitter that this was her first Christmas card when she announced she would be running for the South Carolina state legislature. Nikki Haley/Twitter Haley celebrates with her family after being elected governor of South Carolina in November 2010. Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Demetrius Freeman/The Washington Post/Getty Images Haley visits a farm during a campaign stop in Grand Mound, Iowa, in September 2023.
Persons: Hilton, Nikki Haley, ” Haley, Donald Trump’s, Trump, Joe Biden, Haley, Maureen Bulger, intently, ” Bulger, , , Biden, NBC’s, Ron DeSantis, Anna Memmo, it’s, ” Memmo, Ray Makalous, he’s, ” Makalous, Laura Holtzman, “ Trump, ” Holtzman, ” ‘, ’ Haley, aren’t, Larry Greenwold, ” Greenwold, Greenwold, he’d, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Ed Spears, Spears, ” Spears, Carol Carty, ” Carty, “ It’s, that’s, “ I’ve, Trumper Organizations: , South Carolina CNN, South, Republican, Census Bureau, Biden, Hilton Head, New, Democratic, Republican Party, Trump, Florida Gov, Washington Post, Monmouth University, United Nations, CNN, State House, New York Times, Twitter, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention Locations: , South Carolina, South Carolina, New Jersey, United States, New Hampshire, Trump, Iowa, Virginia, Hilton Head, Kansas, New York, CNN’s New Hampshire, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, Syrian, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Grand Mound , Iowa, Miami
In Syria, the strikes killed 23 people who had been guarding the targeted locations, said Rami Abdulrahman, director of the Syrian Observatory for Human Rights, an organization that reports on war in Syria. The White House said the United States had informed Iraq ahead of strikes. Baghdad later accused the United States of deception, saying a U.S. claim of coordination with the Iraqi authorities was "unfounded". The Syrian foreign ministry said the United States was fueling conflict in the region in a "very dangerous way". Britain called the United States its "steadfast" ally and said it supports Washington's right to respond to attacks.
Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, Nasser Kanaani, Rami Abdulrahman, Douglas, Sims, Chip Somodevilla, General Douglas Sims, Biden, Lloyd Austin, Austin, Ebrahim Raisi, Radek Sikorski Organizations: Air Force, Joint Base Andrews, AFP, Getty, United, Revolutionary Guard, U.S, Syrian, Human Rights, Chiefs, Capitol Visitors Center, Joint Staff, Pentagon, U.S . Defense Locations: Maryland, United States, Iraq, Syria, U.S, Iran, Israel, Gen, Washington ,, Tehran, Lebanon, Yemen, Iraqi, Baghdad, Washington, Britain, Polish, Brussels
Negotiations on a deal on the border and aid could collapse thanks to Trump. AdvertisementRepublicans and Democrats have spent weeks carefully negotiating a massive, bipartisan immigration and foreign aid deal, leaving Ukraine in a wait-and-see position on critical support. As both sides moved closer toward a possible agreement, former President Donald Trump stepped in to torpedo attempts at a compromise. Chip Somodevilla/Getty ImagesDespite the border deal being notably to the right of the Biden administration's stances on immigration, the bipartisan bill could be a win for Biden ahead of the election. He appeared to be referring to a contingent of GOP lawmakers who have loudly denounced future US support for Ukraine.
Persons: Trump, , Donald Trump, Mitch McConnell, Trump's, McConnell, Joe Biden, Sen, Marco Rubio, Joe Raedle, Mitt Romney, Biden, Todd Young, America, Donald Trump grins, Chip Somodevilla, Mike Johnson, it's, Johnson, Marjorie Taylor Greene, Greg Abbott, Volodymyr Zelenskyy, Artur Widak, Zelenskyy Organizations: Service, Republicans, Democrats, Punchbowl News, Miami - Dade Country Fair, Republican, CNN, Las, Immigration, Ukraine, Biden, Texas, Getty, US, NATO, Republican Party Locations: Ukraine, Russia, Iowa, New Hampshire, Miami , Florida, Las Vegas, Israel, Mexico, Rio, Warsaw, Poland, Washington, Russian
Watch CNN’s coverage of Senate GOP leadership and Donald Trump on ‘Inside Politics Sunday with Manu Raju’ at 11 a.m. Senate GOP Leader Mitch McConnell hasn’t spoken to Trump in more than three years and tries to avoid uttering his name in public. As Trump steamrolls to the nomination, there are ample questions in GOP circles about how – and whether – Trump can rebuild Senate alliances that were critical in his first term but are nonexistent now. But Mullin said that the next Senate GOP leader and Trump need to move past the bad blood if they take back the majority and the White House. Asked last week if he could work with Trump as president, Thune said: “We can work with everybody.”Pressed again if he could do so as GOP leader, Thune said: “Well, that’s a hypothetical.”And the elevator doors closed.
Persons: Donald Trump, Manu Raju ’, Mike Johnson, Donald Trump ., Mitch McConnell hasn’t, John Thune of, hasn’t, Trump, , , Texas Sen, John Cornyn –, McConnell, – Sen, John Barrasso, Kari Lake, Bernie Moreno, – Trump, , there’s, Sen, J.D, Vance, Mitch McConnell, Chip Somodevilla, Johns, he’s, Rick Scott, Scott, , Markwayne Mullin, Mullin, ” Mullin, they’re, ” Sen, Marco Rubio, Nikki Haley, Haley, Kevin Cramer, Mitch, Thom Tillis, Tillis, Josh Hawley, ” Hawley, Trump’s, Elaine Chao, ” McConnell, John Thune, John Cornyn, J, Scott Applewhite, Cornyn, Joe Biden, ” Cornyn, Barrasso, Joe Biden …, ” Thune, Thune –, Tim Scott of, Thune, CNN’s Morgan Rimmer, Lauren Fox, Christine Park Organizations: GOP, Trump, Team Trump, Republican, Capitol, Trump -, Republicans, Ohio Republican, CNN, Oklahoma Republican, White, Kentucky Republican, North Dakota Republican, North Carolina Republican, New, New Hampshire, Texas, Wyoming –, Thune Locations: New Hampshire, John Thune of South Dakota, Wyoming, Iowa, Arizona, Ohio, Ukraine, Washington ,, Florida, Oklahoma, Marco Rubio of Florida, Josh Hawley of Missouri, Washington, Tim Scott of South Carolina
The 13-year group, known as Brood XIX, or the Great Southern Brood, is the largest periodical cicada brood, stretching across the southeastern United States. The Northern Illinois Brood, or Brood XIII, emerges every 17 years. Periodical cicadas are smaller and mostly black, with bright red eyes and orange-tinged wings and legs. Billions of cicadas are expected this spring as two different broods — Broods XIX and XIII — emerge simultaneously. However, predictions of a cicadapocalypse — in which Brood XIII and Brood XIX show up at the same place at the same time — are probably an exaggeration.
Persons: hasn’t, Thomas Jefferson, , , , Jonathan Larson, don’t, XIII —, Jason Bergman, ” Larson, We’re, Chris Simon, XIII haven't, Chip Somodevilla, Larson, Cheney Orr, ” Simon, Kate Golembiewski Organizations: CNN, Southern, Northern Illinois, University of Kentucky, Midwest, University of Connecticut, Reuters Locations: United States, Indianapolis, Northern Illinois, Wisconsin, Iowa, Indiana, Illinois, Missouri, Kentucky , Tennessee, Virginia, Maryland, North Carolina, South Carolina , Georgia, Alabama , Mississippi, Louisiana, Arkansas, Columbia , Maryland, America, Chicago
Opinion: The actual hidden truth about UFOs
  + stars: | 2024-01-26 | by ( Peter Bergen | ) edition.cnn.com   time to read: +11 min
CNN —A former Pentagon official — driven, he says, by his duty to the truth — goes public with an explosive allegation. Facing a scrum of TV cameras and members of Congress, this official claims that the US government has been keeping crashed alien spaceships under wraps for decades. Crashed alien spacecraft and dead extraterrestrials, right there in the Congressional Record. Because, for decades, UFO true believers have been telling us there’s a US government conspiracy to hide evidence of aliens. But — if you believe Kirkpatrick — the more mundane truth is that these stories are being pumped up by a group of UFO true believers in and around government.
Persons: Peter Bergen, , Erik German, , CNN —, David Grusch, he’d, Grusch, must’ve, Sean Kirkpatrick, Kirkpatrick, Tom Williams, ” Kirkpatrick, Naval Intelligence Scott Bray, Kevin Dietsch, It’s, you’ve, Harry Reid, Robert Bigelow, ’ ”, Sen, Chip Somodevilla, Reid, Bigelow, ” Reid, “ I’m, who’d Organizations: New, Arizona State University, Apple, Spotify, CNN, Pentagon, Air Force, SPAN, US Department of Defense, Defense, National Security, Foreign Affairs, Naval Intelligence, Intelligence, Capitol, Roswell Army Air Field, Army, Newspapers, Roswell, US Air Force, NASA Voyager, Walker, Roswell AAF, Reuters, Nevada Democrat, Bigelow Aerospace, US Defense Intelligence Agency, New York Times Locations: New America, Roswell, New Mexico, Florida, Nevada, Washington ,
Now, only two major Republican candidates remain: Trump and his former UN Ambassador, Nikki Haley. Republican presidential candidates Florida Gov. Ron DeSantis and former UN Ambassador Nikki Haley participate in the CNN Republican Presidential Primary Debate in Sheslow Auditorium at Drake University on January 10, 2024, in Des Moines, Iowa. Ambassador to the United Nations Nikki Haley in the Oval Office of the White House, Oct. 9, 2018, in Washington. With this in mind, it certainly seems that Trump's ruled Haley out from his short list of running mates.
Persons: Ron DeSantis, Trump, Nikki Haley, Haley's, , Donald Trump, Haley, she's, She's, Chip Somodevilla, she'll, Joe Biden, Trump's, Hillary Clinton, Barack Obama, Biden, Evan Vucci, Elise Stefanik, adieu Organizations: Florida Gov, Republican, UN, Service, GOP, Trump, Gov, CNN Republican, Drake University, Democratic, Truth, U.S, United, White, House Republican Conference, Republican Convention Locations: Florida, Iowa, New Hampshire, Des Moines , Iowa, Washington, Milwaukee
Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Tim Dominick/The State/MCT via Getty Images Haley campaigns for presidential candidate Mitt Romney in 2012. Justin Sullivan/Getty Images Haley waves to the crowd during the Conservative Political Action Conference in 2013. Alex Wong/Getty Images Haley hugs her husband after his Army National Guard unit returned in 2013. Demetrius Freeman/The Washington Post/Getty Images Haley visits a farm during a campaign stop in Grand Mound, Iowa, in September 2023.
Persons: Hollis, Hollis , New Hampshire CNN — Danielle Brown, John McCain, Barack Obama, Nikki Haley, ” Brown, Haley, “ Haley, Chris Sununu, Trump, Trump . Sen, Tim Scott of, , ” Haley, Sununu, “ Nikki Haley, ” Trump, Greg Moore, Charles Koch, Moore, , ” Moore, Susan Rice, Trump . Rice, “ I’m, ” Rice, ” Michael Lewis, Donald Trump, ” Lewis, “ There’s, “ MAGA, GOP Sen, J.D, Vance of, Sylvia, ” Bill Jackson, “ She’s, She’s, we’ve, they’re, Trump –, Biden, Joe Biden, Ron DeSantis, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Nikki Haley Prev, CNN’s KFile, “ You’re, Nancy Protzmann, ” Protzmann, , don’t, Ebony Davis, Ali Main Organizations: Hollis , New Hampshire CNN, New Hampshire Republican, Democratic, South Carolina Gov, Trump, Hampshire GOP, Republican Party coalesces, Trump ., Republicans, Republican, AFP, White House, Republican Party, Hollis, NATO, Republican National, Convention, Fox News, GOP, Vance of Ohio, “ Republican, Marist, Biden, Florida Gov, State House, New York Times, Twitter, South, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention, CNN, Washington Post, Social Security, Social Locations: Hollis , New Hampshire, Granite, New Hampshire, Haley’s, Hampshire, South Carolina, Trump, Tim Scott of South Carolina, Concord, Washington, Newfields, Hampton, Manchester, Portsmouth, Rochester, Maine, Kingston, Nashua, she’s, Iowa, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, New York, Syrian, United States, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Grand Mound , Iowa, Miami, Hollis
Mark Zaleski/The Tennessean/USA Today Network Snow falls on parked cars in Concord, New Hampshire, on January 16. Monday's caucuses were the coldest ever , with high temperatures below zero across much of the state. Dan Powers/USA Today Network Firefighters rescue a man after his car was stuck in a flooded area in Charlotte, North Carolina, on January 9. Gregg Pachkowski/USA Today Network Snow covers the trees around the Holy Hill Basilica and National Shrine of Mary in Hubertus, Wisconsin, on January 9. Tariq Zehawi/NorthJersey.com/USA Today Network Flooding is seen at an intersection in Spartanburg, South Carolina, on January 9.
Persons: Nature, Nikki Haley, Deb Cram, Andrew Kelly, Mark Zaleski, Snow, Will Lanzoni, Rogelio V . Solis, Amanda Andrade, Rhoades, Reuters Isaac Hammond, Geoff Stellfox, Brandon Bell, Christian Monterrosa, Daniel Cole, Dan Busey, Crews, RJ Sangosti, Jeffrey T, Barnes, Chip Somodevilla, Barbara J, Al Drago, Gary Hershorn, Brendan McDermid, Joseph Prezioso, Jim Vondruska, Andrew Harnik, Eric Seals, Rebecca Zimmerman, Antonio Perez, Zuma Snow, Erin Hooley, Drake, Sam Wolfe, Bryan Woolston, Kelly, Jo St, Aubin, Dan Powers, Peter Zay, Floyd Bennett Field, Spencer Platt, Scott Olson, County Sheriff Tommy Ford, Jaide Garcia, CNN Linda Cox, Gregg Pachkowski, of Mary, Mike De Sisti, Joe Raedle, Michael Gordon, Michael Gordon Workers Brian Henderson, Phil Murphy, Tariq Zehawi, Alex Hicks Jr Organizations: CNN, Omni Mount Washington, USA, Reuters, Mississippi State Capitol, Reuters Isaac Hammond braves, Austin, Bergstrom International Airport, Iowa State Capitol, Getty, Denver International Airport, MediaNews, Denver Post, NFL, Buffalo Bills, Pittsburgh Steelers, AP, Columbus Dispatch, Bloomberg, Corbis, Reuters Storm, AP Vehicles, Chicago Tribune, TNS, Storm Bros, Network Firefighters, County Sheriff, National, of, Milwaukee Journal, People, Michael, Michael Gordon Workers, New, New Jersey Gov, Spartanburg Herald, Chicago, Minneapolis Locations: Bretton Woods , New Hampshire, New, New York, Philadelphia, Baltimore, Washington, Nashville , Tennessee, Concord , New Hampshire, Jackson, Wheeling , Illinois, Washington ,, Malcolm , Iowa, Austin , Texas, Des Moines, AFP, Florence , Alabama, Orchard Park , New York, Williamsburg , Iowa, Worthington , Ohio, Atlantic , Iowa, Hudson, Jersey City , New Jersey, Winthrop , Massachusetts, Ankeny , Iowa, Iowa, Northwestern, Farmington Hills , Michigan, Oak Park , Illinois, Chicago, Bamberg , South Carolina, Annapolis , Maryland, Kaukauna , Wisconsin, Charlotte , North Carolina, Anadolu, Brooklyn , New York, Iowa City , Iowa, Panama City Beach , Florida, Florida's Bay County, County, Myrtle Grove , Florida, Hubertus , Wisconsin, Bay County , Florida, Florida , Alabama, Georgia, Totowa , New Jersey, New Jersey, Spartanburg , South Carolina, Canada, Midwest, Des Moines , Iowa, Minneapolis, Indianapolis, Cleveland, New York City
Mark Zaleski/The Tennessean/USA Today Network Snow falls on parked cars in Concord, New Hampshire, on January 16. Gary Hershorn/Corbis News/Getty Images Snow and ice dust a worker who was removing snow from a sidewalk in Des Moines on January 13. Dan Powers/USA Today Network Firefighters rescue a man after his car was stuck in a flooded area in Charlotte, North Carolina, on January 9. Gregg Pachkowski/USA Today Network Snow covers the trees around the Holy Hill Basilica and National Shrine of Mary in Hubertus, Wisconsin, on January 9. Tariq Zehawi/NorthJersey.com/USA Today Network Flooding is seen at an intersection in Spartanburg, South Carolina, on January 9.
Persons: Nikki Haley, Deb Cram, Andrew Kelly, Mark Zaleski, Snow, Will Lanzoni, Rogelio V . Solis, Amanda Andrade, Rhoades, Reuters Isaac Hammond, Geoff Stellfox, Brandon Bell, Christian Monterrosa, Daniel Cole, Dan Busey, Crews, RJ Sangosti, Jeffrey T, Barnes, Chip Somodevilla, Barbara J, Al Drago, Gary Hershorn, Brendan McDermid, Joseph Prezioso, Jim Vondruska, Andrew Harnik, Eric Seals, Rebecca Zimmerman, Antonio Perez, Zuma Snow, Erin Hooley, Drake, Sam Wolfe, Bryan Woolston, Kelly, Jo St, Aubin, Dan Powers, Peter Zay, Floyd Bennett Field, Spencer Platt, Scott Olson, County Sheriff Tommy Ford, Jaide Garcia, CNN Linda Cox, Gregg Pachkowski, of Mary, Mike De Sisti, Joe Raedle, Michael Gordon, Michael Gordon Workers Brian Henderson, Phil Murphy, Tariq Zehawi, Alex Hicks Jr, Nouran Salahieh, Joe Sutton, Sarah Dewberry, Raja Razek, Jennifer Henderson Organizations: CNN, National Weather Service, Oregon -, . Maine, Police, Rockies, South Washington Cascades, Omni Mount Washington, USA, Reuters, Mississippi State Capitol, Reuters Isaac Hammond braves, Austin, Bergstrom International Airport, Iowa State Capitol, Getty, Denver International Airport, MediaNews, Denver Post, NFL, Buffalo Bills, Pittsburgh Steelers, AP, Columbus Dispatch, Bloomberg, Corbis, Reuters Storm, AP Vehicles, Chicago Tribune, TNS, Storm Bros, Network Firefighters, County Sheriff, National, of, Milwaukee Journal, People, Michael, Michael Gordon Workers, New, New Jersey Gov, Spartanburg Herald Locations: Pacific Northwest, Pacific, Oregon, Northwest, Portland , Oregon, Columbia, Oregon - Washington, Maine, • Buffalo , New York, Buffalo, Tennessee , Mississippi , Arkansas , Kansas, In Tennessee, Knoxville, Washington, Washington , Idaho, Montana, Portland, South, Bretton Woods , New Hampshire, New, New York, Philadelphia, Baltimore, Nashville , Tennessee, Concord , New Hampshire, Jackson, Wheeling , Illinois, Washington ,, Malcolm , Iowa, Austin , Texas, Des Moines, AFP, Florence , Alabama, Orchard Park , New York, Williamsburg , Iowa, Worthington , Ohio, Atlantic , Iowa, Hudson, Jersey City , New Jersey, Winthrop , Massachusetts, Ankeny , Iowa, Iowa, Northwestern, Farmington Hills , Michigan, Oak Park , Illinois, Chicago, Bamberg , South Carolina, Annapolis , Maryland, Kaukauna , Wisconsin, Charlotte , North Carolina, Anadolu, Brooklyn , New York, Iowa City , Iowa, Panama City Beach , Florida, Florida's Bay County, County, Myrtle Grove , Florida, Hubertus , Wisconsin, Bay County , Florida, Florida , Alabama, Georgia, Totowa , New Jersey, New Jersey, Spartanburg , South Carolina, Cincinnati, Detroit, Texas, Gulf, Buffalo , New York, Watertown , Massachusetts, Midwest
Wall Street's rocky start
  + stars: | 2024-01-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn today's big story, we're looking at how there are still plenty of risks in the market despite big expectations. What's on deck:Chip Somodevilla/Getty ImagesOne of the best indicators of the year ahead comes from banks' Q4 earnings. BI's finance team has a roundup of the biggest Wall Street firms' earnings reports and what it means for their hiring plans.
Persons: Donald Trump, Vivek Ramaswamy, , Chip Somodevilla, BI's Michelle Abrego, Rebecca Ungarino, Kevin O'Leary, Mark Davis, Goldman, Sharmin, Rahmani, Morgan, Steve Cohen, Sundar Pichai, Boris Streubel, Rebecca Zisser, Apple, Mike Katz Organizations: Republican, GOP, Service, Citi, JPMorgan, BlackRock, Staff, Getty, Goldman Sachs Wealth, New York Mets, Google, Hertz, Business, Bloomberg Locations: Iowa, Google's Berlin, San Diego, Austin
Sam Altman has a huge task in Davos: convince leaders he won't repeat Facebook's election mistakes. OpenAI has outlined its plan to prevent tools like ChatGPT from being used to interfere with elections. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The fretful among them will have a much more pressing question to ask: what's his plan to avoid Mark Zuckerberg election mistakes ? In the wake of the 2016 election, Zuckerberg dismissed the suggestion that Facebook influenced the vote as a "pretty crazy idea."
Persons: Sam Altman, OpenAI, , Mark Zuckerberg, Zuckerberg, Altman, Meta's Mark Zuckerberg, Chip Somodevilla, ChatGPT, Joe Biden Organizations: Service, World Economic, Facebook, Republicans Locations: Davos, Swiss, Russia
Des Moines, Iowa CNN —The storied history of the Iowa caucuses has never seen anything like this. Haley: ‘The fellas are scared’Unlike DeSantis, Haley isn’t wagering her campaign on Iowa. Icicles hang from the roof as people arrive for a Haley campaign event at the Thunder Bay Grille on January 13, 2024, in Davenport, Iowa. Chip Somodevilla/Getty ImagesYet Iowa has has raised existential questions for the DeSantis campaign. And time is short, because the Iowa campaign is ending just as it began — with the former president on top.
Persons: shivers, Donald Trump, they’re, , Nikki Haley, Ron DeSantis, Iowans, ” Trump, Trump, , DeSantis, Haley, Chris Christie’s, she’d, Vivek Ramaswamy, Xi Jinping, Nigel Farage, , ” –, patriotically, we’re, caucusgoers, Ramaswamy, , Haley slugged, admonitions, Judge Arthur Engoron, Sharon Mancero, ” Mancero, Mancero, Joe Biden, he’s, Clinton, , Haley isn’t, She’s, ” Haley, Will Hurd —, Trump —, That’s, Win McNamee, that’s, George W, Bush, “ We’re, Mark Harris, Haley’s, Lovisa, Swede, ” Tedestedt, Chip Roy, Louis, Stanley, Chip Somodevilla, Joel Rudman, “ I’ve, ” Rudman, It’s, ” DeSantis, Biden, it’s, ” CNN’s Kit Maher, Veronica Stracqualursi Organizations: Des Moines , Iowa CNN, House, Former South Carolina Gov, Trump, Trump –, New, New Jersey Gov, “ Trump, Iowa Republicans, Capitol, Iowa, Des Moines Register, NBC, Republican, GOP, Republicans, Des Moines, Senate, CNN, New York Stock Exchange, Social Security, Jimmy Centers, Iowa Republican, South Carolina, Former Texas GOP, , White House, Ankeny, Haley, America, South Carolina Republican, Texas, Florida Panhandle, Centers Locations: Des Moines , Iowa, Iowa, week’s, Hampshire, Florida, New York, Washington, Cedar Rapids, Waterloo, Sioux City, New Jersey, British, Indianola, Clinton , Iowa, DeSantis, Des, Fox, Wall, Manhattan, New Hampshire, Cedar Falls, Ankeny, South, Davenport , Iowa, Granite, St, Hubbard , Iowa
Winter storms are battering the US, causing floods, power outages, and travel chaos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Bad weather warnings have been issued across states stretching from Oregon to Maine and affecting more than 70 million people, the BBC reported. Republican presidential candidates postponed or cancelled many election campaign events in Iowa as high winds and snow hit. AdvertisementAlaska Airlines has canceled around 20% of its flights each day since it grounded its fleet of 737 Max-9s, per Reuters.
Persons: , Chip Somodevilla, Max Organizations: Service, Chicago O'Hare, NBC Chicago, Weather Service, BBC, Republican, Associated Press, Alaska Airlines Locations: Chicago, Dakotas, Oregon, Maine, Iowa, East Coast
With a salary of $174,000 per year, members of Congress make more than 80% of American households. Stunted salary growth and limited perksThe salaries for members of Congress haven't budged in nearly 15 years. Historically, Democrats have been more willing to push for higher pay for members of Congress, including Rep. Alexandria Ocasio-Cortez of New York. For simplicity's sake, let's put the number at $274,000 — a $100,000 raise for members of Congress. Nor is jacking up lawmakers' salaries likely to be a panacea that solves every problem in a troubled institution.
Persons: that's, , It's, David Schweikert, we're, Daniel Schuman, reimbursements, Schuman, Patrick McHenry of, — he's, he's, Republican Sen, Mitt Romney, who've, Democratic Sen, Elizabeth Warren of, Alexandria Ocasio, Cortez, Steny Hoyer, Dan Kildee of, who's, Kildee, Sen, Elizabeth Warren, Kent Nishimura, Maxwell Frost of Florida, Deb Fischer, Nebraska, JD Vance, Ohio, Ro Khanna, Tom Williams, Chip Somodevilla, Vance, Khanna, Gregg Harper, Harper, I'm, Warren, let's Organizations: Service, DC, Arizona, Business, POPVOX, budged, Senate, Republican, Democratic, Getty, United States Senate, , Bureau of Labor Statistics Locations: Washington, Arizona, multimillionaires, Patrick McHenry of North Carolina, Utah, Elizabeth Warren of Massachusetts, Alexandria, Cortez of New York, Cortez, Dan Kildee of Michigan, DC, Ohio, California, America, Mississippi
Alfred Eisenstaedt/Time & Life Pictures/Getty Images Kissinger takes a call in his office in the early 1970s. Bettmann Archive/Getty Images Kissinger talks with journalists on his way to meet with NATO foreign ministers. Bettmann Archive/Getty Images Kissinger, second from left, walks with Leonid Brezhnev, secretary-general of the Soviet Communist Party, in 1973. Bettmann Archive/Getty Images Kissinger looks out a window at the King David Hotel in Jerusalem in 1975. Chip Somodevilla/Getty Images Kissinger is greeted by US Sen. John McCain after a Senate Armed Services Committee hearing in 2015.
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AdvertisementBusiness Insider's Katie Notopoulos has a rundown on how a relatively scandal-free summer for Meta has erupted into a full-blown crisis at Instagram. And the fix for Instagram's Reels might not be simple or one Meta's willing to make. Instagram, Tyler Le/InstagramThe WSJ's report illustrates a broader issue the ad industry is grappling with. Ad spend has never fully recovered since the onset of the pandemic, meaning companies have to do more with less. AdvertisementAll of that puts the ad industry in a juxtaposition.
Persons: McDonald's, Meta, influencers, Katie Notopoulos, Instagram, Tyler Le, Lauren Johnson, Lauren, Joe Biden, Chip Somodevilla, Here's, It's, Chelsea Jia Feng, Veronica Thatcher, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: The New York Times, Wall, Meta, UBS, Business, Google, White, Philadelphia Federal Reserve, Apollo Management, Bank of America, Chelsea, Microsoft, BI, Broadcom, VMware, Amazon, Intuit, CrowdStrike, Hewlett Packard Enterprise Locations: Instagram, Washington ,, Gaza, America, New York City, San Diego, London, New York
When TJX Companies (TJX) reports quarterly results this week, we expect the off-price retailer to demonstrate continued momentum on both its top and bottom lines, helped by consumers looking for solid deals in an uncertain economic environment. And we're confident management can deliver a further expansion of gross margins as wary American consumers look for value at TJX's popular off-price chains. "Traffic remains the primary driver for comp in off-price," Barclays said in a recent research note previewing earnings for TJX and peers Ross Stores (ROSS) and Burlington Stores (BURL). Higher profits In addition to delivering higher sales, TJX continues to show improved profitability — a trend we expect to accelerate when the company reports on Wednesday. At the same time, according to Telsey, TJX faces headwinds from incremental store wage and payroll costs.
Persons: TJX, Ross, ROSS, Dana Telsey, Telsey, TJX's, Jim Cramer's, Jim Cramer, Jim, TJ Maxx, Prince George's, Chip Somodevilla Organizations: TJX, Marshalls, LSEG, Barclays, Burlington Stores, Telsey Advisory, CNBC, Shoppers, TJ, Getty Locations: Maxx, TJX, Telsey, Prince, Hyattsville , Maryland
Fed Chair Jerome Powell said getting inflation sustainably to the central bank’s 2% goal wouldn’t be easy. Photo: Chip Somodevilla/Getty ImagesFed Chair Jerome Powell said it was premature for the central bank to declare a conclusive end to its historic interest-rate increases of the past two years even though he didn’t make an argument for raising rates further right now. The Fed has raised interest rates this year to a 22-year high to combat inflation by slowing economic activity. Officials are committed to achieving a rate setting that is “sufficiently restrictive” to bring inflation down to its 2% goal over time. “We are not confident that we have achieved such a stance,” Powell said in remarks prepared for delivery at a conference in Washington on Thursday.
Persons: Jerome Powell, Chip Somodevilla, ” Powell Organizations: Getty Locations: Washington
Fed Chair Jerome Powell said getting inflation sustainably to the central bank’s 2% goal wouldn’t be easy. Photo: Chip Somodevilla/Getty ImagesFed Chair Jerome Powell indicated the central bank wouldn’t declare an end to its historic interest-rate increases until it had more evidence that inflation was cooling. Price and wage pressures have eased recently, leading more investors to think the Fed is done raising rates. Powell disappointed those investors in a speech Thursday by explaining why he thinks the Fed is more likely to tighten policy than ease it if any change is warranted.
Persons: Jerome Powell, Chip Somodevilla, Powell Organizations: Getty
CNN —If you don’t realize how powerful White Christian evangelicals have become, consider this:A White Christian evangelical, who has been described as “the embodiment of White Christian nationalism in a tailored suit,” is now second in line to the presidency. White evangelical Protestants make up only about 14% of Americans, and that number has been steadily shrinking. The media tends to depict White evangelicals as foaming-at-the-mouth Christian insurrectionists like some of those who stormed the US Capitol on January 6, 2021. The new speaker of the house is a White Christian evangelical and is second in the line for the presidency. Chip Somodevilla/Getty ImagesYou seem leery of using the term ‘White Christian nationalism.’ Am I correct?
Persons: Mike Johnson, Roe, Wade, Trump, Jon Ward, Ward, George W, Bush, Barack Obama, Donald Trump, , , ” Ward, White, Ward’s, there’s, Johnson, Chip Somodevilla, , I’m, it’s, George Brich, You’ve, , It’s, Joe Raedle, Nikki Haley, Haley, that’s, we’ve Organizations: CNN, Capitol, Yahoo, Air Force, Trump, ” CNN, White Christian, Jesus, South, Democrat, Republican Locations: White, America, Los Angeles, Miami , Florida, South Carolina, Trump, evangelicalism
In the end, the only man who could unify House Republicans behind him was a relatively little-known and mild-mannered evangelical Christian from Louisiana. AdvertisementAdvertisementAs the speaker saga wore on, it provoked questions among some House Republicans: How could it be that they had failed to elect a speaker for so long? While Gaetz maintains otherwise, his angry GOP colleagues have plenty of evidence to make their case that it was an attention ploy. Rep. Matt Gaetz surrounded by reporters and cameras after the House voted to oust Kevin McCarthy from the speakership. The attention economy doesn't preclude an ability to govern — an effective politician might seek to harness their celebrity towards worthy ends.
Persons: Mike Johnson's, Matt Gaetz, Kevin McCarthy, Garrett Graves, Sen, Thom Tillis, Madison Cawthorn, Tillis, Drew Angerer, Greg Murphy of, Nancy Mace, McCarthy, Mace, I'm, Win McNamee, Josh Hawley, Ronald Reagan, Donald Trump's, Nicole Wallace, Obama, JD Vance, Ohio, Vance, Ted Cruz, Jose Luis Magana, denialism, Jim Jordan, Marjorie Taylor Greene, Brett Kavanaugh, Jen Psaki, Symone Sanders, it's, Rep, Alexandria Ocasio, Cortez, Kelly Armstrong, Adam Schiff, Chip Somodevilla, Bob Good, Virginia, Gaetz, , Ken Buck, Colorado, Hawley deadpanned, Mike Lawler, I've, Cruz, Buck, Joe Biden, Liz Cheney Organizations: Republicans, GOP, North Carolina Republican, Getty, Twitter, South Carolina, Republican, Rep, Fox News, Republican Party, Conservative Political, Conference, AP, Cannon, South, Democratic, Supreme, Biden, MSNBC, Democrats, Capitol, New York Post, Colorado Locations: Louisiana, Florida, Greg Murphy of North Carolina, Missouri, Hollywood, California, South Carolina, Alexandria, Cortez of New York, Ukraine, New York, Ted Cruz of Texas
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