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☆ Fed and European Central Bank could cut interest rates in September, Morgan Stanley strategist says
▼ + stars: | 2024-06-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024. The U.S. Federal Reserve and European Central Bank could move to cut interest rates in September as key data provides further signs that inflation is cooling in the U.S. and the euro zone, a Morgan Stanley strategist said Friday. "We're more optimistic that both the Fed and ECB will cut rates in September," he told "Squawk Box Europe." And I think, for the Fed, inflation is continuing to fall," he added. A majority of economists polled by Reuters now anticipate the Fed will cut interest rates from its current range of 5.25% to 5.50% this September, with a further trim projected later in the year.

Persons: Jerome Powell, Morgan Stanley, Andrew Sheets, Sheets Organizations: Federal, Federal Reserve, U.S . Federal Reserve, European Central Bank, CNBC, Fed, ECB, Reuters Locations: Washington , U.S, U.S, Europe

☆ Analysis: Biden’s disastrous debate pitches his reelection bid into crisis
▼ + stars: | 2024-06-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +16 min

Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Austin Steele/CNN Trump and Biden were debating each other for the first time since 2020. Austin Steele/CNN Biden's campaign won a coin toss before the debate to choose which side he would stand on. Austin Steele/CNN Supporters of independent candidate Robert F. Kennedy Jr. protest outside the White House on Thursday. Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024.

Persons: Joe Biden, stiffly, Donald Trump, Biden, John F, Kennedy, Richard Nixon, —, Ron Klain, “, Trump, didn’t, parry, Austin Steele, ” Biden, Will Lanzoni, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, CNN Biden, Tristen Rouse, Tapper, CNN Tapper, Bash, Robert F, Kennedy Jr, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Troublingly, ”, Van Jones, Kamala Harris, ” Harris, CNN’s Anderson Cooper, Harris, Paul Ryan, Gavin Newsom, Gretchen Whitmer —, Barack Obama, Ronald Reagan, CNN’s Kasie Organizations: CNN, Trump, Democratic Party, Democratic National Convention, Capitol, Atlanta, Voters, Democratic, White, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, Republican, Trump Organization, coalesces, Biden White, Michigan Locations: Atlanta, America, incoherence, Georgia, CNN's, Washington ,, AFP, United States, New York, California

☆ Iranians vote for a new president under the shadow of conflict and economic woes
▼ + stars: | 2024-06-28 | by ( Joseph Ataman | Frederik Pleitgen | ) edition.cnn.com time to read: +12 min

The vote takes place amid deteriorating relations with the West, an advancing Iranian nuclear program, and an increasing risk of direct war with Israel. Iranian presidential candidate Mohammad Bagher Ghalibaf’s supporters gathered on the final day of campaigning to hear him speak, in Tehran, Iran on Thursday. Some polls have shown increasing popularity for Pezeshkian, with the rest of the conservatives splitting the vote. Khamenei urged Iranians to head to the polls and vote after he cast his ballot in the election on Friday morning. Saeed Jalili, ultraconservative former nuclear negotiator and Iranian presidential candidate, holds a rally in Tehran, Iran, on June 24.

Persons: Ebrahim Raisi, Hossein Amir, Ali Khamenei, Mahsa, Mohammad Bagher Ghalibaf’s, Joseph Ataman, Masoud Pezeshkian, Saeed Jalili, Mohammad Bagher Ghalibaf, Khamenei, Amini’s, Pezeshkian, Iran’s, Amirhossein Qazizadeh, Hashemi, Alireza Zakani, Qazizadeh, who’ve, ”, Arash Azizi, Saddam Hussein, Masoud, Morteza, “, Sina Toossi, Narges Mohammadi, ” Ahmad, Ghalibaf, ” Ghalibaf, ” Mariam, Raisi, ” Cheers, ” Mohammad, ” Parsi, Javad Zarif, Zarif, ” Khamenei, Trump, Biden Organizations: Iran CNN —, Foreign, Iran’s, West, CNN, Iran’s Guardian Council, Center for Middle East, Global, Quincy Institute, Experts, Islamic, Center for International Policy, Trump, Pezeshkian, Getty, Washington Locations: Tehran, Iran, Israel, Gaza, Lebanon, Islamic Republic, Iranian, Berlin, Iraq, Washington, Washington ,, Shiroudi, ”

☆ Trump's NJ golf club liquor licenses are in Jr.'s name. Hiding behind his son isn't helping as the state moves to revoke.
▼ + stars: | 2024-06-28 | by ( Haven Orecchio-Egresitz | Laura Italiano | ) www.businessinsider.com time to read: +7 min

Read previewThe liquor licenses for Donald Trump's three New Jersey golf courses are in his eldest son's name, not his own, according to records obtained by Business Insider. But hiding behind Donald Trump, Jr. isn't enough to protect the elder Trump. Donald Trump, Jr.'s signature on the most recent liquor license for his father's golf course in Bedminster, NJ. New Jersey attorney general's office/BIThe last time Trump almost lost all three of his New Jersey licenses was in 2021. The law firm that handles Trump's New Jersey liquor licenses did not respond to phone calls and emails requesting comment.

Persons: —, Donald Trump's, Donald Trump , Jr, Trump, Pine Hill , New Jersey —, Matthew J, Platkin, Donald J, prospers Trump, Peter M, Rhodes, Cahill, Wilinski, Joyce, Donald Trump, general's, Cooper, Trump's, Gurbir S, Grewal, William Fay, Fay Organizations: Service, Business, Trump National Bedminster, Trump National Golf Club, Trump National Philadelphia —, Pine, general's, Alcoholic Beverage Control, Trump, ABC, Trump Revocable Trust, Trump's New, Trump Organization, White, Trump Org, Court, New, New Jersey Licensed Beverage Association, LLCs, BI, Colts, Trump's Locations: New Jersey, Pine Hill , New Jersey, Jersey, Bedminster, NJ, United States, , New Jersey, Trump's New Jersey, New York , Georgia, Washington, DC, Florida, York, New York, Haddonfield , New Jersey, Bedminster , NJ . New Jersey, Trump's

☆ The Boeing saga has reached a new level of absurdity
▼ + stars: | 2024-06-28 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —If you’re a PR person, I can’t possibly think of a harder job right now than working at Boeing. Boeing held a press conference from a factory in Renton, Washington, on Thursday to talk about quality improvements. But strangely enough, Boeing sharing that information itself got Boeing in trouble with the NTSB. Clean up, clean up everybody everywhereWhen the NTSB’s statement went out, Boeing’s PR team went back into crisis clean-up mode. At the same time, rules are rules no matter how hypocritical they are.

Persons: It’s, they’d, Max, Elizabeth Lund, Lund, Gregory Wallace, Chris Isidore, ” Lund, “, that’s Organizations: New, New York CNN, Boeing, Alaska Airlines, Senate, National Transportation Safety Board, NTSB, ”, Department of Justice, CNN, Boeing’s PR Locations: New York, Renton , Washington

☆ Specter of Putin casts a shadow over the Trump-Biden debate
▼ + stars: | 2024-06-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

There appeared to be an additional presence on stage with Democratic U.S. President Joe Biden and Republican former President Donald Trump in last night's CNN electoral debate: Vladimir Putin. The Russian leader was invoked roughly a dozen times in the 90-minute volley of verbal blows on domestic and foreign policy between the two candidates. Both have navigated the White House relationship with the Kremlin for a mandate each and shared very different views of the Russian leader. "I will have that war settled between Putin and Zelenskyy as president-elect before I take office on January 20th. The Russian leader has previously signaled interest in a potential prisoner swap for Gershkovich, rather than in financial compensation.

Persons: Joe Biden, Donald Trump, Vladimir Putin, Trump, —, Putin, Volodymyr Zelenskyy, Zelenskyy, Russia —, Evan Gershkovich Organizations: Democratic U.S, Republican, CNN, Kremlin, Trump —, U.S, Kyiv, Wall Locations: Moscow, Russia, Ukraine, Washington, Ukrainian

☆ 'He must bow out': the media reacts to Biden's historically bad debate performance
▼ + stars: | 2024-06-28 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

Read previewPresident Joe Biden's historically bad debate performance on Thursday night was received so poorly that there's serious talk among America's commentariat that he could, or should, or needs to be replaced. AdvertisementLiz Peek, also writing for Fox News, described Biden's performance as shocking the nation and as "an astonishing disaster." It started with a devastating line: "The best that can be said of Joe Biden's stumbling debate performance was that it took place in June." Noah Smith, the American blogger, also offered a bleak assessment of the debate performance. AdvertisementAnd podcaster Joe Klein did not mince his words in his summary of Biden's debate performance.

Persons: —, Joe Biden's, Biden's, Brian Stelter, Biden, Thomas L, Friedman, Prez, Mark Penn, Joe, Liz Peek, Joe Biden, Stephen Collinson, KDAhZx2jyB, Molly Ball, Ball, Peggy Noonan, Ed Luce, pollster Nate Silver, what's, Noah Smith, Trump, Joe Klein Organizations: Service, Business, CNN, New York Times, The New York, Biden, Trump, Washington Post, Fox News Fox News, Fox News, CNN Politics, Street Locations: Afghanistan, Pakistan, Lisbon, York, Washington Post The Washington, ,

☆ Supreme Court delivers blow to power of federal agencies, overturning 40-year-old precedent
▼ + stars: | 2024-06-28 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. WASHINGTON — The Supreme Court on Friday overturned a 40-year-old precedent that has been a target of the right because it is seen as bolstering the power of "deep state" bureaucrats. It is the latest in a series of rulings in which the conservative justices have taken aim at the power of federal agencies. The ruling was 6-3 with the conservative justices in the majority and liberal justices dissenting. The Trump administration had embraced the war on "deep state" agency power, selecting judicial nominees in part based on their hostility to the federal bureaucracy.

Persons: WASHINGTON —, Chevron, John Roberts, Elena Kagan, Reagan, Magnuson, Trump, Gorsuch, Kavanaugh, Barrett, Joe Organizations: U.S, Supreme, WASHINGTON, Chevron, Natural Resources Defense, Liberal, Republican, Democratic, National Marine Fisheries Service, Stevens Fishery Conservation, Management, Trump Locations: Washington , U.S, New England

☆ Supreme Court rejects bid by former Trump aide Steve Bannon to avoid jail in contempt case
▼ + stars: | 2024-06-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

The Supreme Court on Friday rejected the final effort by former top Trump White House aide Steve Bannon to avoid reporting to jail next week for defying a subpoena from the House committee investigating the Jan. 6, 2021, Capitol riot. Bannon, 70, must begin his four-month jail term on Monday. The onetime top advisor to then-President Donald Trump had asked the Supreme Court on June 21 to pause his prison surrender date pending his efforts to appeal his sentence. An attorney for Bannon did not immediately respond to CNBC's request for comment on the court's order Friday afternoon. Bannon was convicted on two counts of contempt of Congress in federal court in Washington, D.C., in July 2022.

Persons: Stephen Bannon, Steve Bannon, Bannon, Donald Trump Organizations: White House, Trump White House, Capitol, Chief, Washington , D.C Locations: Washington , U.S, Washington ,

☆ Live Updates: Supreme Court Rules for Member of Jan 6. Mob in Obstruction Case
▼ + stars: | 2024-06-28 | by ( Adam Liptak | ) www.nytimes.com time to read: +6 min

Nor was it clear that a ruling in Mr. Fischer’s favor would erase the two charges against Mr. Trump under the law. In a separate case, the justices will soon decide whether Mr. Trump is immune from prosecution. 23-5572, was whether the law could be used to prosecute Mr. Fischer, a former Pennsylvania police officer. According to the government, Mr. Fischer sent text messages to his boss, the police chief of North Cornwall Township, Pa., about his plans for Jan. 6. “When the crowd breached the Capitol, Mr. Fischer was in Maryland, not Washington, D.C.,” his lawyers wrote in their brief.

Persons: Donald J, Trump, John G, Roberts, Ketanji Brown Jackson, Amy Coney Barrett, Joseph W, Fischer, Fischer’s, Jack Smith, Trump’s, Mr, ”, “, ” Mr, Joseph R, Biden, Judge Florence Y, Judge Gregory G, Katsas Organizations: Capitol, Mr, Sarbanes, Oxley, Enron Corporation, ” Prosecutors, D.C, Congress, Appeals, District of Columbia Circuit Locations: United States, Pennsylvania, North Cornwall Township, Pa, Maryland, Washington

☆ Live Updates: Supreme Court Says Prosecutors Overstepped With Jan. 6 Charge
▼ + stars: | 2024-06-28 | by ( Alan Feuer | ) www.nytimes.com time to read: +6 min

The Supreme Court sided on Friday with a member of the mob that stormed the Capitol on Jan. 6, 2021, saying that prosecutors had overstepped in using an obstruction law to charge him. Nor was it clear that a ruling in Mr. Fischer’s favor would erase the two charges against Mr. Trump under the law. 23-5572, was whether the law could be used to prosecute Mr. Fischer, a former Pennsylvania police officer. According to the government, Mr. Fischer sent text messages to his boss, the police chief of North Cornwall Township, Pa., about his plans for Jan. 6. “When the crowd breached the Capitol, Mr. Fischer was in Maryland, not Washington, D.C.,” his lawyers wrote in their brief.

☆ NASA simulated an incoming asteroid impact, and the biggest roadblock to action was penny pinchers in Congress
▼ + stars: | 2024-06-28 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

The tabletop simulation presented a hypothetical scenario in which cities like Dallas, Washington, DC, and Madrid were at risk of a large asteroid impact. "A large asteroid impact is potentially the only natural disaster humanity has the technology to predict years in advance and take action to prevent," Lindley Johnson, a NASA planetary defense officer emeritus, said in a press release. That's because they didn't think Congress would approve funding for a critical space mission to study the asteroid "unless impact became certain," NASA's summary said. Options for preventing an asteroid impact include shooting the asteroid with lasers, launching a nuclear bomb at it, or simply smacking a space probe into it to nudge it away from Earth. Participants weren't sure Congress would fund the mission unless the asteroid was a certain threat — not a 72% chance of threat.

Persons: —, Lindley Johnson, Mitch McConnell, Chuck Schumer, Anna Moneymaker, Ed Whitman, Johnson, Richard Binzel, Binzel, it's Organizations: Service, NASA, Business, Capitol, US State Department, FEMA, Defense Interagency, JHU, MIT, NASA DART, National Academies of Sciences, Engineering, Medicine, Academies, White Locations: Dallas , Washington, Madrid, Europe, Japan, Canada, North America, Africa

U.S. President Joe Biden attends the first presidential debate hosted by CNN in Atlanta, Georgia, U.S., June 27, 2024. Schumer was worried before the debate that Biden and Trump were in statistical tie nationally, despite the Republican challenger's conviction in his New York criminal hush money trial. "We've got to get out the vote for Joe Biden, Kamala Harris, and a Democratic Senate and House!" "Vice President Harris is a risky choice, but certainly has the visibility and is the logical choice," said Bose. Biden has won nearly all of the roughly 4,000 Democratic pledged delegates, far exceeding the threshold to make him the party nominee.

Persons: Joe Biden, Marco Bello, Joe Biden's, –, Donald Trump, Biden, Chuck Schumer, Saul Loeb, Schumer, Trump, We've, Kamala Harris, Meena Bose, Peter S, Bose, Anna Moneymaker, Harris, Gavin Newsom, Ohio Sen, Sherrod Brown, J.B . Pritzker, Marco Bello Marco Bello Organizations: CNN, Democratic, Trump, Senate Democratic, Capitol, AFP, Getty, Republican, CNBC, Kalikow, American, Hofstra University, U.S, Democratic National Convention, Biden, California Gov, Illinois Gov, California, REUTERS Locations: Atlanta , Georgia, U.S, Washington , DC, New York, Long, California, Ohio, Illinois

☆ Time Traveling Through London With an Impressionist Painter
▼ + stars: | 2024-06-28 | by ( Mike Ives | ) www.nytimes.com time to read: 1 min

In the early 1870s, an émigré painter watched from a railway footbridge as a steam engine left a station on London’s suburban fringe. His name was Camille Pissarro and he was developing a style of plein-air painting that would soon be called “Impressionism.”Pissarro and a fellow émigré, Claude Monet, only stayed in London for a few months. By April 1874 they were among the painters holding the first Impressionist exhibition in Paris, the subject of a retrospective that runs until July 14 at the Musée d’Orsay and opens on Sept. 8 at the National Gallery of Art in Washington D.C. But London was one of their early muses. Monet painted the River Thames and the Palace of Westminster, among other central landmarks, while Pissarro captured scenes in suburbs where houses and train tracks were replacing forests and farmland.

Persons: Camille Pissarro, ” Pissarro, Claude Monet, Monet, Pissarro Organizations: National Gallery of Art, London Locations: London, Paris, Washington, Westminster

☆ China is testing the limits of a critical U.S.-Philippines defense pact — will Washington respond?
▼ + stars: | 2024-06-28 | by ( Dylan Butts | ) www.cnbc.com time to read: +6 min

An aerial view shows a Philippines Navy vessel that has been grounded since 1999 to assert the nation's sovereignty over the Second Thomas Shoal, a remote South China Sea reef also claimed by China. Experts say the latest incident represents an escalation and shows the limitations of the U.S.-Philippines Mutual Defense Treaty signed in 1951. Ezra Acayan | Getty Images News | Getty Images"The Philippines will continue to resupply the Sierra Madre, and hopefully invest in more outposts in their Exclusive Economic Zone in the South China Sea ... The Philippines defense chief has reiterated that the military would not announce its resupply missions to the shoal in advance. The country has also been working to bolster its own defense capabilities in the South China Sea with the support of the U.S.What's at stake?

Persons: Thomas, Jay Directo, Thomas Shoal, Philippines Mutual Defense Treaty, Chester Cabalza, Cabalza, Ezra Acayan, Richard Heydarian, Abdul Rahman Yaacob, Matteo Piasentini, Ferdinand Marcos Jr, Paisentini, Lowy Institute's Yaacob, Geopolitica's Organizations: Philippines Navy, Afp, Getty, U.S ., Philippines Mutual Defense, International Development, Security Cooperation, Bilateral, Philippine Coast Guard personnel, Coast Guard, University of the, U.S, Pacific Command, Philippines, Lowy, Asia Program, Philippine Navy, Sierra Madre Locations: Philippines, China, South China, Spratly, Philippine, Manila, Beijing, U.S, South, U.S . China, Washington, University of the Philippines, Philippine Government, United States, Pacific, Italian, Sierra, Asia

☆ Putin Vows to Make New Nuclear Missiles and to Weigh Placing Them Near NATO Nations
▼ + stars: | 2024-06-28 | by ( David E. Sanger | Anton Troianovski | ) www.nytimes.com time to read: +1 min

President Vladimir V. Putin declared on Friday that Russia would produce new intermediate-range nuclear-capable missiles and then decide whether to deploy them within range of NATO nations in Europe and American allies in Asia. Mr. Putin’s threat was vaguely worded: He said nothing about timetables for deploying the weapons, and by blaming the United States for bringing similar missiles into training exercises in Europe and Asia, he seemed to be signaling he was open to negotiations. And it appeared to be Mr. Putin’s latest attempt to raise the stakes in his conflict with the West, coming less than two weeks after his visit to North Korea rattled nerves in the United States and those of American allies in Asia. The United States pulled out of the 1987 Intermediate-Range Nuclear Forces Treaty in 2019, during the Trump administration, after years of American accusations that Russia was cheating on the accord. The treaty had banned U.S. and Russian forces from having land-based cruise or ballistic missiles with ranges between about 300 and 3,400 miles.

Persons: Vladimir V, Putin, Putin’s, Trump Organizations: NATO, United, Nuclear Forces Treaty Locations: Russia, Europe, Asia, United States, Britain, France, Washington, North Korea

☆ Ford CEO says a profitable $30,000 EV is coming in two and a half years
▼ + stars: | 2024-06-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival. "You have to make a radical change as an [automaker] to get to a profitable EV. Ford's EV unit lost $1.32 billion during the first quarter of this year on 10,000 vehicles wholesaled. Farley said it's crucial for Ford to make profitable EVs in the next five years, as Chinese automakers continue to expand globally. "And if we don't make profitable EVs in the next 5 years, what is the future?

Persons: Jim Farley, Farley, Tesla, Ford, CNBC's Julia Boorstin, they're, Ford's Organizations: Washington , D.C, Ford Motor, Aspen Ideas, Ford, EV Locations: Washington ,, U.S, Canada, North America

☆ Opinion: The real loser in the first presidential debate
▼ + stars: | 2024-06-28 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +28 min

CNN —CNN Opinion asked political contributors to weigh in on the first presidential debate of the 2024 race. On the other hand, President Joe Biden did not meet expectations and may have increased concerns about his age and ability to lead for another four years. Debates are always more about style than substance, and President Joe Biden’s style was simply awful. Did President Joe Biden come off as a leader or a loser? And yes, the visuals in this first presidential debate of the cycle were phenomenally important.

Persons: Ana Marie Cox, Joe Biden’s, Donald Trump, Biden, Ana Marie Cox Faith Fonseca, Trump, mumbling, I’m, Shermichael Singleton, Joe Biden, Paul Begala, ” “, ” Paul Begala, meandered, —, Republicans — Biden, Bill Clinton’s, Clinton, Jeff Yang, Jeff Yang CNN, — Biden, Joe, Bruce, ”, “, ” Patrick T, Brown, Biden’s, Dobbs, Roe, Wade, Patrick T, CNN’s Dana Bash, David Mark, there’s, Kamala Harris, Harris, Nikki Haley, ” Geoff Duncan, Geoff Duncan Alex Slitz, Geoff Duncan, Peter Bergen, Abu Bakr al, General Qassem Soleimani, It’s, ” Susanne Ramirez de Arellano, Susanne Ramirez de Arellano Frank Moya, Biden “, ” Trump, Susanne Ramirez de Arellano, Roxanne Jones, Democrats — Biden, Nobody, Jones, Lanhee J, Chen, Chen Lanhee J . Chen, David, Diane Steffy, Romney, Ryan Organizations: CNN, Democratic Party, Biden, Trump, “, Global, Democrats, ” Paul Begala CNN, Republicans, Democratic, sonics, Public Policy Center, Economic, Republican, South Carolina Gov, Democratic National Convention, Washington, Peter Bergen CNN, US Border Patrol, ISIS, Islamic, Guards, Force, Walmart, New America, Capitol, New, Arizona State University, Social Security, Medicare, UCLA, Politics Initiative, America, Tonight, Univision Puerto Rico, ESPN, New York Daily News, Philadelphia Inquirer, Public Policy, Hoover Institution Locations: Texas, Austin, America, Asian America, Washington , DC, bravura State, Canada, Abu, Uzbek, Manhattan, El Paso , Texas, New America, United States

☆ Analysis: Trump relishes a winning streak on the debate stage and in the courts
▼ + stars: | 2024-06-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Washington CNN —Donald Trump used to tell his fans that he’d win so much, they’d get tired of winning. The ex-president’s lawyers are already signaling they will seek to get evidence tossed and obstruction counts against the ex-president dismissed. The court released its decision ahead of an even more critical case that will bear more directly on Trump’s criminal entanglements. A second 2020 election case, in Georgia, is also stalled – partly over a controversy and appeals process triggered by a relationship between District Attorney Fani Willis and a prosecutor she appointed. Trump is only three years younger than Biden and often lapses into gibberish in campaign events.

Persons: Washington CNN — Donald Trump, they’d, Joe Biden’s, Trump, ” Trump, Jack Smith, Aileen Cannon, Cannon, –, Fani Willis, Juan Merchan, it’s, Biden, Biden’s, he’s, ”, overstepped, Smith, CNN’s Paula Reid, ’, ” Cannon Organizations: Washington CNN, Trump, America, “, Justice Department, Capitol, Republican, WIN, White, Republican National Convention, Biden, Justice, Trump . Trump’s Locations: Atlanta, Virginia, Florida, Lago, Georgia, New York, Milwaukee , Wisconsin

☆ Student loan payments go on pause for millions of borrowers
▼ + stars: | 2024-06-28 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The Biden administration is pausing student loan payments for about three million borrowers who are enrolled in its new repayment plan as it defends the program in court against Republican-backed lawsuits. The preliminary injunctions are a result of lawsuits filed earlier this year by Republican-led states, including Florida, Arkansas and Missouri. The states argued that the Biden administration was overstepping its authority and trying to find a roundabout way to forgive student debt after the Supreme Court blocked its sweeping plan last year. Under the SAVE plan, many borrowers pay just 5% of their discretionary income toward their debt each month, and its guidelines state anyone making $32,800 or less has a $0 monthly payment. It also expedited the timeline after which many borrowers receive the full cancellation of their debt.

Persons: Joe Biden, Education Miguel Cardona, Biden, Joe Biden's Organizations: Education, White, Republican, Valuable Education, U.S . Department of Education, CNBC, Finance, Social Security Workers, SAVE Locations: Washington, Kansas, Missouri, Florida , Arkansas

☆ Ultra-high-net-worth investors are betting on 2 key sectors right now, and both can be purchased as ETFs, according to a global family office
▼ + stars: | 2024-06-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Despite the overly concentrated market that's piled into mega-cap technology stocks, the bulk of gains are still coming from that sector. While some investors fear that part of the market is too rich, they also aren't sure where else to find their gains. "So looking forward, we're somewhat concerned about the concentration right now in the market with the tech sector of the S&P, which is up 15%; the tech sector is up 27%". You want to ensure broad exposure to infrastructure, which means looking for an ETF that holds the sector's biggest names.

Persons: —, Mimi Duff, Duff, we're, it's, there's Organizations: Service, GenTrust's, Business, Infrastructure Investment, Jobs, Dev, Infrastructure, International Energy Agency Locations: York, Washington, Maryland

The debate between Donald J. Trump and President Biden had analysts in Asia fretting. During Thursday night’s debate, President Biden told former President Donald J. Trump that the United States is the “envy of the world.”After watching their performance, many of America’s friends might beg to differ. In Europe and Asia, the back-and-forth between the blustering Mr. Trump and the faltering Mr. Biden set analysts fretting — and not just about who might win the election in November. Image Mr. Biden leaving the debate stage. Kasit Piromya, Thailand’s foreign minister from 2008 to 2011 and a former ambassador to the United States, lamented the state of American politics.

Persons: Donald J, Trump, Biden, ”, fretting —, ” Simon Canning, ” Sergey Radchenko, Vladimir Putin, Xi Jinping, “, Putin, “ I’ve, Mr, Kenny Holston, François Heisbourg, Trump’s, “ I’m, Heisbourg, Radoslaw Sikorski, Marcus Aurelius, Commodus, Sikorski, Joe Biden’s, Donald Trump, Joe Biden, Daniela Schwarzer, Bogdan Butkevych, “ Trump, Chan Heng Chee, Ms, Chan, Lee Byong, ’ ”, Koichi Nakano, Haiyun Jiang, Narendra Modi, Tara Kartha, —, Shen Dingli, don’t, Kasit, Damien Cave, Lee Wee, Choe Sang, Vivian Wang, Camille Elemia, Mujib Mashal, Ségolène Le Stradic, Marc Santora Organizations: Johns Hopkins School, International Studies, —, Mr, Russia, New York Times, Trump, Bertelsmann Foundation, Washington , D.C, Credit, Kremlin, Kyiv Independent, Biden unnerves, Institute for Far Eastern, Kyungnam University, Sophia University, The New York Times, Washington, National Security Council of, ”, Weibo Locations: Asia, Australian, United States, Europe, Australia, Washington, Russia, China, North Korea, Ukraine, Lebanon, Iran, Israel, Japan, South Korea, Gaza, Jerusalem, France, Washington ,, American, Ukrainian, North, Seoul, “, United, Tokyo, The New York Times India, National Security Council of India, New Delhi, Beijing, India, Communist, Shanghai, U.S, Southeast Asia

Birds fly outside the U.S. Supreme Court on the day justices issue orders in pending appeals in Washington, U.S., June 24, 2024. Republican lawmakers and the U.S. Chamber of Commerce praised the Supreme Court decision Friday overturning the so-called Chevron Doctrine, which for four decades led judges to defer to how federal agencies interpreted a law when its language was not clear. GOP lawmakers said the 6-3 decision by the Supreme Court undid a precedent that they argued had unjustly strengthened the power of unelected government officials. "After forty years of Chevron deference, the Supreme Court made it clear today that our system of government leaves no room for an unelected bureaucracy to co-opt this authority for itself," McConnell said. "It's a huge blow to the administrative state in Washington, D.C. No one elects bureaucrats to make these decisions," Cotton said of the decision, which overturned the Supreme Court's ruling in 1984 in a case known as Chevron v. Natural Resources Defense Council.

Persons: Mitch McConnell, McConnell, Suzanne Clark, Clark, Jeff Holmstead, Bracewell, Holmstead, Chevron, Sen, Tom Cotton, Raimondo, Cotton Organizations: U.S, Supreme, Republican, U.S . Chamber, Commerce, GOP, Air, Environmental Protection Agency, Fox News, Loper Bright Enterprises, Constitutional, Chevron, Natural Resources Defense Locations: Washington , U.S, Ky, Washington ,

☆ Iran votes for its new president amid economic strife, crackdowns and regional war
▼ + stars: | 2024-06-28 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Iranians will go to the polls against the backdrop of a battered economy, widespread popular discontent and harsh crackdowns on dissent. Iran is also dealing with high inflation, heavy Western sanctions, mounting tensions with the U.S., ramped-up Iranian nuclear enrichment and the Israel-Hamas war. On issues of foreign policy and war, the Iranian president wields some influence and is the country's public-facing messenger. But power and critical decision-making in Iran ultimately lies with the supreme leader, Ayatollah Khamenei, and unelected institutions like the Revolutionary Guards. Iran's Supreme Leader Ayatollah Ali Khamenei speaks with media after casting his ballot during the Iranian Parliamentary and Assembly of Experts elections at the Leadership office in Tehran, Iran, on March 1, 2024.

Persons: ATTA KENARE, Ebrahim Raisi, —, Iran's, Ali Vaez, Rafat, Mohammad Bagher Qalibaf, Saeed Jalili, Masoud Pezeshkian, Amirhossein Ghazizadeh Hashemi, Alireza Zakani, Qalibaf, Jalili, Ayatollah Ali Khamenei, Masoud, Pezeshkian, Mostafa Pourmohammadi, Pourmohammadi, Ayatollah Khamenei, Morteza Nikoubazl Organizations: Western, U.S, Guardian Council, Council, Islamic Revolutionary Guard Corps, Supreme National Security Council, Islamic Consultative Assembly, Revolutionary, Iran's Ministry of Intelligence, House, Revolutionary Guards, Iran's, Iranian Parliamentary Locations: Tehran, AFP Iran, Iran, Israel, Iranian, Iran's, Washington

☆ It's getting so hot, EMTs are putting overheated people in iced body bags
▼ + stars: | 2024-06-28 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Read previewThis summer, medical professionals will use body bags to save lives. To treat heat-related illnesses, emergency medical professionals in Phoneix started using modified body bags called "immersion bags," The New York Times reported. Quickly submerging a heat stroke patient in icy water is one of the most effective ways to quickly bring down the body temperature. In one case, it only took eight minutes to effectively drop the person's body temperature. AdvertisementSpecial body bags for cooling baths will be standard equipment for ambulances and fire trucks in Phoenix.

Persons: —, Phoneix, They've, Sam Shen, Alexander St, John, Stephen Brashear, Shen, Grant Lipman, Lipman, Ross D Organizations: Service, Phoenix, National Oceanic, Atmospheric Administration, Business, New York Times, Guardian, Department of Emergency Medicine, Stanford University, Harborview Medical, AP, University of Kansas School of Medicine, Franklin Locations: Seattle, Washington, Phoenix, Arizona , California, Texas

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