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CNN —A small number of North Korean troops are already inside Ukraine, according to two western intelligence officials, and officials expect that number to grow as the North Koreans complete training in eastern Russia and move toward the front lines of the war. The North Korean troops’ presence inside Ukraine goes a step beyond what NATO and the Pentagon confirmed on Monday, which is that roughly 10,000 North Korean troops are training in eastern Russia with some en route to Russia’s Kursk region. A US official said the US can not yet corroborate reports that North Koreans troops are already inside Ukraine. The Russians have been teaching North Korean soldiers basic Russian commands in training, like “fire” and “in position,” South Korean lawmakers told reporters on Tuesday. ‘The number may rise’South Korean intelligence has put the number of North Korean troops inside Russia right now at about 13,000, higher than the US and the UK.
Persons: Volodymyr Zelensky, catchup, Matthew Miller, Andriy Yermak, Jake Sullivan, Antony Blinken, Yermak, Sullivan, , Sullivan “, ” Miller, CNN’s Haley Britzky, Jennifer Hansler Organizations: CNN, North Koreans, North, NATO, Pentagon, South Korea, Korean, State, National, North Korean, South, Ukraine’s Defense Intelligence, White House, Locations: Ukraine, Russia, Russia’s Kursk, Kursk, , Koreans, Ukrainian, Washington ,, , North Korea, Moscow, China, Pyongyang
And the legal challenges could continue for weeks or months to come. The legal team also relies on a team of advisers, including longtime Biden lawyer Bob Bauer, who advises on litigation strategy and voter protection, and former US Solicitors General Don Verrilli and Seth Waxman. In addition, the Harris legal team is supported by a “field counsel” program that coordinates with local firms in each state that can provide specialized knowledge about election law and procedures in each jurisdiction. Sources close to the Trump legal team say they have not only focused on recruiting legal firepower but on identifying viable legal challenges. “What we have to do is protect every voter and every vote, which is what we’re doing,” said Remus, of the Harris legal team.
Persons: Donald Trump’s, Gineen Bresso, David Warrington, Trump, , , Dana Remus, Joe Biden, Kamala Harris, ” Remus, Remus, Barack Obama’s, Obama, Marc Elias, , Bob Bauer, Don Verrilli, Seth Waxman, Harris, ” Bresso, ” Mike Davis, They’ve, ‘ We’ve, We’ve, we’ve, “ Trump, Davis, ” CNN’s Casey Gannon Organizations: CNN, Republican, Warrington, GOP, Republican National Committee, White, Democratic, Trump, Biden, US, Republicans, RNC, Commission, Capitol Locations: Washington, DC, North Carolina, Georgia, Florida
CNN —Kamala Harris on Tuesday night warned Americans that Donald Trump would open up a floodgate of vengeance against his political rivals, including ordinary Americans, while promising that she’d work for the American people. “On day one, if elected, Donald Trump would walk into that office with an enemies list. “Donald Trump intends to use the United States military against American citizens who simply disagree with him. That’s not the American way,” Harris said. Serving as Biden’s vice president, Harris said, has been an “honor.” But it would not define her administration or her objectives in office.
Persons: CNN — Kamala Harris, Donald Trump, ” Harris, Trump, Harris, “ Donald Trump, That’s, , Joe Biden, Biden, who’s, , Organizations: CNN, White House, Trump, United States Locations: Washington , DC,
I got a hefty scholarship, which covered my living expenses, so I didn't work while I was in law school. I graduated from law school in May 2022I studied for and took the Washington, DC Bar exam that summer. Related storiesI now help individuals get into law school, perform well, and get jobs after law school. I wish I had had law school mentorship in my life — there is so much I just didn't know about the process. The business grew as my TikTok grew.
Persons: Sephora Grey, , I'm, they've, they're, Lauryn Haas Organizations: Service, LSU, University of Florida, Georgetown Law School, Washington , DC, Court, District of, Appeals, Federal Circuit, Boston University, lhaas Locations: Mississippi, Baton Rouge, Washington, District of Maryland, Ohio, Boston, Georgetown, Florida, Miami
CNN —Chris Brown’s history of violence is back in the spotlight with a new documentary focusing on years-old accusations against the singer, including his 2009 assault of Rihanna. The report prompted a police investigation that could have threatened Brown’s probation, but no charge was ever filed. In July 2013, Brown’s probation was revoked after he was accused of hit-and-run driving and driving without a license. It is produced with the global domestic violence initiative, No More, and is airing as part of the network’s “No Excuse for Abuse” campaign and commitment to domestic violence survivors. Editor’s Note: If you or someone you know is struggling with intimate partner violence, there are resources available, including the National Domestic Violence Hotline.
Persons: Chris Brown’s, Rihanna, Brown, Sean “ Diddy ” Combs, Chris Brown, Jane Doe, , ” Doe, Doe, Combs, Levi McCathern, McCathern, ” Combs, , he’s, “ Chris Brown, Michael Jackson, Brown’s, , Cheryl Dorsey, Brown “, Mark Geragos, Paul Buck, Karrueche Tran Organizations: CNN, Investigation, Miami Beach Police, Miami Beach, Los, Superior Court of, Los Angeles Police Department, Anaheim, Los Angeles Court, Violence Locations: Angeles County, Anaheim , California, Washington, DC, Malibu , California, Los Angeles
Robinhood is the latest platform to allow traders to wager on the 2024 election. A recent federal court ruling opened the door to wider betting on US elections. For now, only the 2024 election contracts will be available. Until a September federal court ruling, betting on US elections was largely limited to a narrow set of academics and students. Related storiesCFTC Chairman Rostin Behnam has strongly opposed election betting, previously testifying to Congress that allowing such wagers would turn his agency into "an election cop."
Persons: Robinhood, , Donald Trump, Rostin Behnam, Sen, JD Vance, Trump's, Theo Von's, Vance, we've Organizations: Service, Court, Commodity Futures Trading Commission, GOP Locations: New York
It was exactly the kind of rhetoric that the Harris campaign believes could prompt moderate voters and disaffected Republicans to choose the vice president. Harris was in red-state Texas on Friday to highlight hardline GOP abortion policies she warns could spread countrywide if Trump wins. The CNN Poll of Polls shows no clear leader nationally with Harris at 48% and Trump at 47%. Harris’ rally will provide an emphatic exclamation point for an increasingly important theme of her campaign — that Trump represents an existential threat to American democracy. Both Trump and Harris are targeting strategic sectors of their core electorates in the final days.
Persons: Donald Trump, , John Kelly, Trump, Kamala Harris, ” Trump, “ Trump, Hitler, David Rem, Harris, Hillary Clinton, “ illegals, Tony Hinchcliffe, Danielle Alvarez, don’t, , Tim Walz, she’s, Joe Biden’s, Harris ’, Harris didn’t, Kelly, Ohio Sen, JD Vance, Vance, CNN’s Jake Tapper, Nancy Pelosi, Adam Schiff, Jake Tapper, CNN “, lunatics, , ” Vance, “ We’re, ” Harris, Michelle Obama —, ” Obama Organizations: CNN, Madison, Democratic, New, Trump, Republicans, Republican, Nazi, Sun, Capitol, The New York Times, Sunday, GOP, National Guard, California Rep, Black, House, Supreme Locations: United States, New York City, Puerto Rico, Trump’s, Manhattan, Minnesota, New York, Texas, Washington ,, Pennsylvania, Michigan, Wisconsin, North Carolina , Georgia, Arizona, Nevada, Washington, “ State, West Philadelphia, Philly
Trump's Madison Square Garden rally was supposed to be part of a triumphant closing pitch. AdvertisementDonald Trump's rally at Madison Square Garden on Sunday wasn't supposed to be about one comedian's offensive joke about Puerto Rico. "This joke does not reflect the views of President Trump or the campaign," Danielle Alvarez, a senior Trump campaign advisor, said in a statement. Advertisement'I want everyone in Philadelphia to see that clip'It remains to be seen whether and how Puerto Rican voters will respond to what happened on Sunday. Spokespeople for the Harris campaign, along with Senate and House Democrats' campaign arms, did not respond to Business Insider's inquiries as to whether they would.
Persons: it's, , Donald Trump's, Trump, Sid Rosenberg, Doug Emhoff, Tucker Carlson, Kamala Harris, Tony Hinchcliffe, Danielle Alvarez, Harris, Bad Bunny, Mike Nellis, Hinchcliffe, Sen, Rick Scott, Maria Elvira Salazar, Rep, Anthony D'Esposito, Alexandria Ocasio, Cortez, Tim Walz, there's, Nellis, Meta Organizations: Puerto Ricans, Service, Madison, Radio, Malaysian, Trump, Sunday, Puerto, Puerto Rican, Democratic, Reading, Gov, House Democrats, Nellis, Capitol Locations: Madison, Puerto, Puerto Rico, York City, California, Philadelphia, Pennsylvania, Puerto Rican, Florida, Long, While Pennsylvania, North Carolina, Georgia, Bronx, Harris, Alexandria, Cortez of New York, Puerto Ricans, , Washington , DC
The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. The Washington Post reportedly has lost more than 200,000 digital subscriptions, and three members of its editorial board have stepped down on the heels of its decision not to endorse a candidate in the presidential election between Vice President Kamala Harris and former President Donald Trump. That is the same number of editorial board members who resigned from the Los Angeles Times' board in protest of that newspaper's decision not to endorse a presidential candidate. A Post spokesperson declined to comment on either the subscription losses or editorial board resignations when contacted Monday by CNBC. The Post's editorial page had planned to endorse Harris, the Democratic nominee, according to the newspaper's own reporting.
Persons: Kamala Harris, Donald Trump, NPR's David Folkenflik, Molly Roberts, David Hoffman, Mili Mitra, Joe Biden, Will Lewis, Jeff Bezos, Harris Organizations: Washington Post, Franklin, Los Angeles Times, CNBC, Gannett, Trump, Amazon, Democratic Locations: Washington ,, United States
Trump launched an extraordinary spat with Labour on Wednesday, claiming through a lawyer they had been interfering in the election. But this week’s spat throws renewed scrutiny on the complicated and delicate “Special Relationship” between Britain and America. ‘We’re in a different world’The Trump campaign’s broadside against the Labour Party stunned Westminster this week. But unlike President Joe Biden, Harris’ political career has not been built around foreign policy. It would come down to (Starmer) and to the Labour Party, whether they want it or not.”
Persons: London CNN —, Kamala Harris, Labour’s Keir Starmer, Harris, ” Claire Ainsley, ” Ainsley, Donald Trump, Trump, ” Ed Owen, , Nigel Farage, Liz Truss, Amanda Andrade, Rhoades, Reuters “, , Truss, Trump –, “ Harris, Keir, Josh Simons, Josh Freed, Starmer, , Mike Tapp, ” Simons, Joe Biden, “ She’s, Biden, ” Starmer, Ainsley, ” Ricky Vigil, Owen, ” Tapp, admiringly, Queen Elizabeth II, Freed, Germany’s Olaf Scholz, Australia’s Anthony Albanese, France’s Emmanuel Macron, ” Freed Organizations: London CNN, CNN, Labour, Progressive, Institute, Democratic, Democratic National Convention, NATO, Home Office, Foreign, Trump, Labour Party, Westminster, Conservative Political, Reuters, Republican National Convention, Climate, Democrat, “ Labour, Conservatives, Conservative, Kyiv Locations: Britain, London, Ukraine, America, Maryland, British, Washington, DC, Westminster Westminster, Israel, populists, Russia, United Kingdom
“What he’s talking about is marauding gangs,” House Speaker Mike Johnson told Tapper last week when asked about Trump’s comments. “I did not hear President Trump in that clip say he’s going to sic the military on Adam Schiff. Cheney, a former Wyoming congresswoman, and her father, former Vice President and Iraq war architect Dick Cheney, have both endorsed Harris. “Mike Pence thought he could control Donald Trump? And when he found out that he couldn’t, they all turned on Donald Trump,” Vance said.
Persons: Vance, Donald Trump’s, lunatics ”, Jake Tapper, “ He’s, ” Tapper, ” “, Jake, , , ” Trump, Trump, Adam Schiff, Nancy Pelosi, Joe Rogan, Kim Jong Un, lunatics, , ” Vance, Mike Johnson, Tapper, Johnson –, Trump’s, Pelosi, Schiff –, That’s, Glenn Youngkin, , Kamala Harris –, Harris, Donald Trump, ” Harris, John Kelly, ” Kelly, Adolf Hitler’s, Kelly, Liz Cheney, Cheney, Dick Cheney, Mike Pence, Mark Milley, Bob Woodward’s, “ Mike Pence, CNN’s Dana Bash, Pence, Tim Walz, that’s, Donald J, Kamala Harris, don’t Organizations: CNN, Republican, Democratic Party, , Union, Fox, California Rep, Louisiana Republican, Virginia Gov, Democratic, GOP Trump, Trump, New York Times, Nazi, Republicans, Joint Chiefs, Staff Locations: , “ State, Ohio, California, Louisiana, Virginia, America, Wyoming, Iraq, Waterford , Michigan, Springfield , Ohio, Washington ,, Raeford , North Carolina, Michigan
AOC is behind a new bill to create a federal social housing developer. Unlike traditional American public housing, which is usually reserved for low-income families, social housing is intended to be mixed-income. But some pro-housing policy experts — who subscribe to the YIMBY, or Yes in My Backyard, movement — are skeptical that a federal social housing authority makes sense. Related storiesGallagher, a Democrat who represents gentrifying neighborhoods in North Brooklyn, was struck by the stability created by social housing in Vienna. Congress would likely not support a federal social housing authority until there is evidence of its success at the state level.
Persons: , Kamala Harris, Alexandria Ocasio, Cortez, Sen, Tina Smith, Minnesota —, Emily Gallagher, Gallagher, Hillary Schieve, Jenny Schuetz, Shane Phillips, Schuetz, Tricky Organizations: Democratic, Service, — Rep, New, Democrat, Yorkers, Brookings Institution, Lewis Center for Regional Policy, Homes, US Department of Housing, Urban Locations: Washington, Alexandria, Minnesota, Austria, New York, North Brooklyn, Vienna, Rhode, Atlanta, California, Montgomery County , Maryland, Reno , Nevada
Caleb Berry, masked, at the Capitol on Jan. 6, 2021. It was wrong.”Mehta sentenced Berry to three years probation, the sentence requested by federal prosecutors due to his extensive cooperation. He’s also promised to pardon an undefined number of Jan. 6 rioters, even as new arrests continue to roll in. "Jeremy Michael Miller, the FBI said, fought with police officers on the west side of the Capitol on Jan. 6. Screenshot of body worn camera footage showing Reynold Voisine (yellow square) throwing a rod at police officers.
Persons: Donald Trump, Trump, Caleb Berry, Berry, Kelly Meggs —, , he'll, Judge Amit Mehta, Stewart Rhodes, he'd, Rhodes, Mehta, ” Mehta, , ” Berry, “ We’ve, he’s, Jack Smith “, He’s, Jeffrey Newcomb, Robert Bixby, FBI Robert Bixby, Bixby, Zachary Pearlman, Pearlman, Jeremy Michael Miller, Miller, Roger Voisine, Reynold Voisine —, sleuths, Reynold Voisine, FBI Roger Viosine, motherf, Michael Fanone Organizations: WASHINGTON, Republican, Trump, Capitol, Attorney's, District of Columbia, District of Columbia . U.S, White, Justice Department, FBI, Metropolitan Police Department Locations: Washington, District of Columbia ., Virginia, United States, California, Washignton
CNN —After Israel’s attack on Iran Saturday, US officials were quick to caution both countries against perpetuating the cycle of violence, but analysts say lasting de-escalation is not a foregone conclusion. The airstrikes “should be the end of this direct exchange of fire between Israel and Iran,” a senior US administration official said after the attacks. After reports emerged of explosions heard in Tehran, Israel in a statement said it launched what it described as “precise strikes on military targets in Iran” early Saturday. Iran said Israel “attacked parts of military centers” on Saturday in the provinces of Tehran, Khuzestan and Ilam, causing “limited damage” in some areas. A general view of Tehran after several explosions were heard, in Tehran, Iran on Saturday.
Persons: , Hassan Nasrallah, Israel “, Iran’s, Behnam Ben Taleblu, Israel, Majid Asgaripour, Sean Savett, , Danny Citrinowicz, ” Citrinowicz, , ” Parsi, Hellyer, CNN’s Paula Newton Organizations: CNN, Quincy Institute, Responsible, Foundation for Defense for Democracies, Wana News Agency, Reuters, Iran, National Security, White House, Institute for National Security, Israel Defense Intelligence, Carnegie Endowment, International Peace, Royal United Services Institute for Defense, Security Studies Locations: Iran, Israel, Tehran, Khuzestan, Ilam, Washington ,, DC, “ Iran, Gaza, Lebanon, Tel Aviv, “ Israel, Beirut, London
I travel a lot, and I think Toronto is the perfect city for a short getaway. I suggest flying into Toronto Island Airport over Toronto Pearson International Airport. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've traveled to 80 countries, and Toronto is one of the best cities for a quick getaway.
Persons: , I've Organizations: Toronto Island Airport, Toronto Pearson International, Service Locations: Toronto, Niagara, New York, Chicago, LA, Las Vegas
The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. Andrew Harnik | Getty ImagesThe Washington Post said Friday that it will not endorse a candidate in the presidential election this year, breaking decades of tradition, and sparking immediate criticism of the decision. "The decision not to publish was made by The Post's owner — Amazon founder Jeff Bezos," The Post reported, citing two sources briefed on the events. Trump, while president, had been critical of Bezos and The Post. Nor in any future presidential election."
Persons: Andrew Harnik, Kamala Harris, Donald Trump, Jeff Bezos, Trump, Boris Johnson, Michael M, Will Lewis, Lewis, Mariel Garza, Patrick Soon, Shiong, Garza, Marty Baron, Baron Organizations: Washington Post, Franklin, Democratic, GOP, , Amazon, Pentagon, Microsoft, Trump, CNBC, British, Santiago, Getty, Post, Los, Columbia, The Locations: Washington , DC, New York City
Here’s what you need to know:Which states have voting leave laws? Among states with voting leave laws, they most typically require employers to allow either one, two or three hours off. Most of the states requiring employers to permit voting leave also require that this time be paid. For instance, the leave laws in New York and California require you to give at least two days’ notice. Even if you live in a state without a voting leave law, your company may voluntarily permit time during working hours to vote.
Persons: Fisher Phillips, ” Fisher, Phillips, Jeanette Senecal, ” Senecal Organizations: CNN, District, Columbia, National Conference of State Legislatures, District of Columbia, Virgin, Oklahoma, League of Women Voters Locations: North Dakota, Alabama, Alaska , Arizona , Arkansas , California , Colorado , Georgia , Illinois , Iowa , Kansas , Kentucky, Maryland , Massachusetts, Minnesota , Missouri , Nebraska , Nevada , New Mexico , New York , Ohio , Oklahoma, South Dakota , Tennessee , Texas , Utah, West Virginia , Wisconsin, Wyoming, Justia, But Kentucky, New York, Arkansas, Georgia , Massachusetts, In Wisconsin, California, Oklahoma, Massachusetts, District of Columbia , Puerto Rico, Virgin Islands, Guam, Georgia, Washington, DC, Kentucky, Vote411
JPMorgan CEO Jamie Dimon said US adversaries want to dismantle the world order. The bank chief said the Russia-Ukraine and Israel-Gaza conflicts could escalate into World War III. AdvertisementJamie Dimon says US adversaries want to topple the world order, and the Russia-Ukraine and Israel-Hamas conflicts could explode into a new world war. Dimon emphasized the risk that global warfare could break out, citing his historical knowledge and a recent Washington Post article that said, "World War III has already begun." Ray Dalio, another Wall Street billionaire and a financial historian, said last October that the chance of a world war involving the US and China had jumped from 35% to 50% over the previous two years.
Persons: Jamie Dimon, Dimon, , Vladimir Putin's, We've, it's, Ray Dalio Organizations: Service, JPMorgan, Institute for International, Washington Post, Wall Street Locations: Russia, Ukraine, Israel, Gaza, China, Western, Washington , DC, Washington, Iran
German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation. Trade is one of the main pillars of the German economy, suggesting heightened tensions, uncertainty and tariffs would hit the country harder than others. Trade tensions between the U.S. and China, and the EU and China, have been rising throughout the year. Both the U.S. and EU have implemented higher tariffs and on some goods imported from China, citing unfair trade practices. China in turn has also announced higher temporary tariffs on some imports from the EU.
Persons: Christian Lindner, Janet Yellen, Lindner, CNBC's Karen Tso, Donald Trump, it's, Chancellor Olaf Scholz's, Trump Organizations: IMF, World Bank, German, European Union, International Monetary, Washington , D.C, Free Democratic Party, Chancellor Olaf Scholz's Social Democratic Party, U.S, EU, Reuters Locations: Washington , DC, U.S, Washington ,, China, EU, Germany
But South Korea remains wary of getting involved in the Ukraine war. GAVRIIL GRIGOROV via Getty ImagesSouth Korea hesitatesSignificant obstacles stand in the way of South Korea arming Ukraine, though. Chan said South Korea's President Yoon Suk-yeol was domestically unpopular and would encounter difficulties repealing the law via South Korea's center-left-dominated National Assembly. AdvertisementBut the escalating alliance between Russia and North Korea may soon reach a point where South Korea feels it needs to act. Because of Russia's increasing reliance on North Korea, Kim finds himself in a powerful position to negotiate sophisticated technology in return.
Persons: , Yonhap, Jeremy Chan, Chan, Ellen Kim, Kim, Lloyd Austin, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Yoon Suk, yeol, Kim Jong Un, Joon Cho, Yoon, Sean McFate Organizations: Russia, Service, Security Council, South, Eurasia Group, Center for Strategic, International Studies, North, US, Getty Images, National, National Assembly, Kremlin, Georgetown University Locations: Korea, Ukraine, South Korea, North Korea, Russia, Seoul, Korean, China, Asia, Poland, Washington ,, Kyiv, Pyongyang, South Korea's, South, Moscow
China's Xi Jinping negotiated a truce with India's leader, Narendra Modi. AdvertisementAt the BRICS summit in Russia this week, China's leader Xi Jinping and India's Prime Minister Narendra Modi shook hands for the first time in five years. AdvertisementAfter their meeting at the summit hosted by Russia's President Vladimir Putin, Xi and Modi said they would continue discussions on resolving the issue. AdvertisementIn any case, its a setback in US attempts to include India in a deeper security alliance, he said. "For a long time, the US has tried to develop security and defense ties with India," said Panda.
Persons: China's Xi Jinping, Narendra Modi, that's, , Xi Jinping, Vladimir Putin, Xi, Modi, Jagannath Panda, Putin, Zhiqun Zhu, Zhu, Yawar Nazir, Praveen Donthi, there's, Rahul Bhatia, Donthi, it's Organizations: Service, India's, Russia's, US, Stockholm Center, South, Pacific Affairs, Bucknell University, America, Reuters, Quad Alliance, Getty, Eurasia Group Locations: China, Russia, Washington ,, India, Japan, Australia, United States, Beijing, Asia, Pacific, Indian, Leh, South Asia, Europe, Ukraine, Taiwan
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Ripple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner. Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business takes place outside of the U.S., which Garlinghouse said is partly a reflection of the contentious environment in Washington. On Wednesday, Garlinghouse offered a piece of advice to fintech startups in this changing time: "Incorporate outside the United States."
Persons: Brad Garlinghouse, we've, Garlinghouse, … It's Organizations: Milken, Global Conference, Ripple, CNBC, DC, U.S . Securities, Exchange Commission Locations: Beverly Hills , California, U.S, Washington, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Everything should be on the table,' says ECB's Kazāks on possibility of a jumbo rate cutMārtiņš Kazāks, the governor of the Bank of Latvia and European Central Bank Governing Council member, discusses monetary policy with CNBC's Karen Tso at the IMF meetings in DC.
Persons: ECB's, Karen Tso Organizations: Bank of, European Central Bank Governing Locations: Bank of Latvia
The trajectory of mortgage rates may help determine what happens to down payments. Borrowing costs, savings rates sway down paymentsAny analysis of down payments that doesn't mention mortgage rates would be incomplete. The 30-year fixed mortgage rate hit a two-decade high of 7.8% last October and has steadily fallen for most of the last 12 months. AdvertisementBut there's a less rosy explanation for lower down payments: buyers can't afford to pay more. The personal savings rate in the US was 4.8% in August, according to Realtor.com, which was up from the inflation-stretched low of 2% in June 2022.
Persons: , Hannah Jones, Buyers, Jones Organizations: Service, homebuyers, Federal Locations: Texas, Florida, Montana, Washington
For Chinese imports, Trump has proposed an even steeper 60% tariff. Many economists have warned that tariffs planned by Trump will hurt global economic growth and drive up inflation in the US, as well as abroad if other countries introduce higher levies on US imports in response. The International Monetary Fund (IMF) also sees a hit to global gross domestic product from increased tariffs around the world, according to its latest World Economic Outlook. Mario Tama/Getty ImagesA rise in protectionism around the world means open trade is already under threat and the ability of its champion, the World Trade Organization, to settle international trade disputes is severely constrained. “What we’d see in Trump 2 is far more radical than what we saw in Trump 1.”
Persons: Smoot, Donald Trump, Federal Reserve — Trump, Trump, , Evan Vucci, he’s, Maurice Obstfeld, Kristalina Georgieva, , Mario Tama, ” Obstfeld, ” Petros Mavroidis, Scott Olson, Joe Biden, André Sapir, Bruegel, Jerome Powell, Powell, ” Trump, ” Edward Alden, ” Alden Organizations: London CNN, Federal Reserve, Bloomberg, Economic, of Chicago, Trump, Peterson Institute for International Economics, Republican, UBS, Monetary Fund, ABN AMRO, Peterson Institute, IMF, White, Port, World Trade Organization, CNN, Columbia Law School, US, European Union, EU, greenback, Foreign Relations, Locations: United States, Hawley, Washington, DC, China, Ukraine, Chicago, Japan, France, South Korea, Port of Los Angeles, Indiana, Portage , Indiana, Brussels, Trump
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