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☆ Jerome Powell Outlines Cautious Approach to Raising Rates or Declaring End to Hikes
▼ + stars: | 2023-11-09 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

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

☆ Even if the Fed Stays on Hold, Jerome Powell Is Keeping His Options Open
▼ + stars: | 2023-11-09 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

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

☆ White Christian evangelicals: What it would take for them to leave the bubble
▼ + stars: | 2023-11-05 | by ( Manav Tanneeru | John Blake | ) edition.cnn.com time to read: +11 min

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

☆ Republicans are desperate for attention — and it's decimating their ability to govern
▼ + stars: | 2023-10-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +15 min

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

House Republicans elected Rep. Mike Johnson of Louisiana as speaker of the House on Wednesday, more than three weeks after Kevin McCarthy was ousted. Photo: Chip Somodevilla/Getty ImagesWASHINGTON—The House elected GOP Rep. Mike Johnson of Louisiana as speaker, elevating a staunch conservative to the top post after three weeks of Republican infighting doomed other candidates aiming to succeed ousted leader Kevin McCarthy. The choice of Johnson, a close ally of former President Donald Trump, came after the party cycled through a series of hopefuls, prompting some members to wonder whether any colleague could thread the needle in the deeply divided conference. With a speaker now in place, lawmakers can finally get back to work, with many eager to pass aid for Israel and address a looming government-funding deadline next month.

Persons: Mike Johnson of, Kevin McCarthy, Chip Somodevilla, Johnson, Donald Trump Organizations: Republicans, Getty, WASHINGTON, The Locations: Mike Johnson of Louisiana, Israel

☆ Who is Rep. Mike Johnson, the House GOP’s latest speaker nominee?
▼ + stars: | 2023-10-25 | by ( Piper Hudspeth Blackburn | Shania Shelton | ) edition.cnn.com time to read: +4 min

The Louisiana Republican was first elected to the House in 2016 and serves as vice chairman of the House Republican Conference, as well as GOP deputy whip, an assistant leadership role. During Trump’s first impeachment trial in January 2020, Johnson, along with a group of other GOP lawmakers, served a largely ceremonial role in Trump’s Senate impeachment team. My strong SUGGESTION is to go with the leading candidate, Mike Johnson, & GET IT DONE, FAST!” Trump posted. Rep. Mike Johnson files his paperwork at the secretary of state's office after qualifying for his congressional reelection bid on July 20, 2018, in Baton Rouge, Louisiana. For that, I stepped aside and threw all my support behind Mike Johnson.

Persons: Mike Johnson, Donald Trump, Johnson, Trump’s, Joe Biden, “, Trump, Chip Somodevilla, ” Trump, Paul M, Melinda Deslatte, Kevin Hern, it’s, ”, ” Johnson’s, Tom Emmer’s, Steve Scalise, Jim Jordan Organizations: Washington CNN —, Louisiana Republican, House Republican Conference, House Republicans, Capitol, WIN, Committee, Armed Services Committee, Republican, Louisiana State University, Hebert Law Center, Rep, Oklahoma Republican, House Republican, Minnesota, Republicans, Trump, Reps Locations: Louisiana, Trump’s, Texas, Longworth, Washington ,, Louisiana’s, Baton Rouge , Louisiana, Oklahoma, America

☆ Bertie Bowman ran away from home at 13 to sweep the steps of Capitol Hill. He died at 92 as the the longest-serving African-American Congressional staffer.
▼ + stars: | 2023-10-25 | by ( Yoonji Han | ) www.businessinsider.com time to read: +6 min

Herbert "Bertie" Bowman was the longest-serving African-American staffer on Capitol Hill in US history. AdvertisementAdvertisementBertie Bowman, the longest-serving African-American staffer on Capitol Hill in history, died at 92 years old on Wednesday morning. Sen. John Kerry hugs Bowman after his confirmation hearing before the Senate Foreign Relations Committee for Secretary of State on January 24, 2013. AdvertisementAdvertisementBowman escorts Hillary Clinton at a hearing before the Senate Foreign Relations Committee on March 2, 2011. Bowman had continued to work in the Capitol until his death, becoming the longest-serving African-American congressional staffer in US history.

Persons: Herbert, Bertie, Bowman, —, Bertie Bowman, Andrew Desiderio, Sen, Ben Cardin, Burnet Maybank, Maybank, Chris Dodd, Tom Williams, I'd, talkshow, Tavis Smiley, Lyndon Johnson, Strom Thurmond, John Kerry, Ken Cedeno, Jesse Helms of, J, William Fulbright of, Bill Clinton, Elvis, Clinton, Chip Somodevilla, he'd, Hillary Clinton, Alex Wong, Helms Organizations: Capitol, Senate, Service, Punchbowl News, Foreign, Station, Senate Foreign, State, William Fulbright of Arkansas, US, Foreign Relations, Washingtonian, Military Force, Islamic Locations: Washington , DC, Ben Cardin of Maryland, Summerton, South Carolina, Washington ,, Washington, Jesse Helms of North Carolina, Vietnam, Islamic State

☆ Live updates: House Republicans vote on speaker nomination
▼ + stars: | 2023-10-24 | by ( Mike Hayes | Shania Shelton | ) edition.cnn.com time to read: +2 min

Members of the House of Representatives vote on the House Speaker on October 20 in Washington, DC. Chip Somodevilla/Getty ImagesDuring the speaker candidate forum on Monday, all the speaker candidates agreed that they wanted to get to 217 votes in the room before going to the floor, a source familiar told CNN. GOP Rep. Tim Burchett of Tennessee told CNN it is important for the conference to 217 behind closed doors because they need to avoid another public embarrassment on the House floor. Texas GOP Rep. Dan Crenshaw told CNN, “it’s impossible” for the conference to get to 217, but added “let’s see who wins. “We’ll pare it down And then we get it down to I assume the two, we will have a roll call vote.”

Persons: Chip Somodevilla, Kevin Hern, Jim Jordan’s, “, I've, Jim Jordan, ”, Tim Burchett, ” Burchett, Dan Crenshaw, let’s, Ralph Norman of South, “ We’ll pare Organizations: CNN, Republicans, GOP, Ohio, Texas GOP, Ralph Norman of South Carolina Locations: Washington ,, Tennessee, Texas

☆ Gavin Newsom's Senate appointee won't run for a full term in 2024. With the top 3 Democratic contenders looking to make their mark, where does the race stand?
▼ + stars: | 2023-10-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

With Sen. Laphonza Butler not running for a full term, the California race remains wide open. Former MLB All-Star Steve Garvey, a Republican, jumped into the Senate race earlier this month. Sen. Laphonza Butler, center, will not run for a full Senate term in 2024. There will be two Senate races on the November 2024 ballot: a special election to fill the Senate term through January 2025 and a general election for the full Senate term ending in January 2031. Given the Democratic lean of the state, there's a strong chance of a Senate race between two Democrats.

Persons: Sen, Laphonza Butler, Adam Schiff, Burbank, Steve Garvey, —, Gavin Newsom, Butler, Newsom, Dianne Feinstein —, Barbara Lee, Katie Porter, Lee, Porter, Schiff, Alex Padilla, California's, Chip Somodevilla, Garvey, James P, Bradley, Eric Early, Ronald Martinez, Donald Trump — Organizations: MLB, Republican, Service, Democratic Gov, University of California, Democratic Reps, Los Angeles Dodgers, San Diego Padres, Democratic, Sen, —, Institute of California, San, San Francisco Bay Area, Burbank, California Senate Locations: California, California's, Southern California, San Francisco Bay, Irvine, Oakland

☆ Jewish peace activists across the US call for immediate ceasefire and justice for Palestinians
▼ + stars: | 2023-10-23 | by ( Alaa Elassar | ) edition.cnn.com time to read: +13 min

It is these lives that Wise and other Jewish American peace activists are mobilizing to save with their calls for an urgent ceasefire. Jewish Voice for Peace and IfNotNow organized a rally on Capitol Hill calling for a ceasefire in Gaza. Jewish peace activists carried the Palestinian flag and wore keffiyehs as they marched on Capitol Hill. Jewish peace activists embrace during a rally on Capitol Hill for a ceasefire in the Israel-Gaza war. Jewish Voice for Peace and IfNotNow believe that only by addressing these issues can peace ever be achieved between Israelis and Palestinians.

Persons: Rabbi Alissa Wise, “, ” Wise, ”, Wise, IfNotNow, Allison Bailey, Sonya Meyerson, Joe Biden, Israel –, Benjamin Netanyahu, Yoav Gallant, Eva Borgwardt, ‘, Rabbi Wise, ’, We’re, it’s, Alex Wong, ” Borgwardt, Jonathan Greenblatt, –, Meredith Weisel, ” Weisel, Rather, It’s, I’m, Will Oliver, Shutterstock, Biden, Chip Somodevilla, ” That’s, Knox, Israel, they’re Organizations: CNN, Palestinian Ministry of Health, United Nation’s Office, Humanitarian Affairs, Jewish Voice, Peace, Israel Defense Forces, Capitol, Jewish, Getty, Israel, Defamation League, DC, Congress, ”, West Bank, World Health Organization Locations: Gaza, Israel, Knox, United States, “, Palestine, British, Egypt, Jordan, Syria

Rep. Jim Jordan (R., Ohio) has scuffled in his efforts to become the next House speaker. Photo: Chip Somodevilla/Getty ImagesWASHINGTON—Struggling Republican speaker nominee Rep. Jim Jordan postponed to Friday morning a third floor vote after a plan to temporarily put caretaker speaker Rep. Patrick McHenry in charge of the House ran into sharp objections from conservatives. Jordan’s push to have a third vote on his candidacy Thursday fell apart as the Ohio conservative met continued resistance from his opponents during a meeting in a House office. As some trickled out, there was no sign he had managed to change their minds.

Persons: Jim Jordan, Chip Somodevilla, Patrick McHenry Organizations: Getty, WASHINGTON — Locations: , Ohio, Ohio

☆ Shein, the fast fashion darling mulling a U.S. IPO, opens up about forced labor, data privacy
▼ + stars: | 2023-10-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +16 min

The committee is investigating Shein over concerns that Uyghur forced labor is being used in its supply chain and has gone undetected because of the de minimis provision. The committee has not yet drawn conclusions about forced labor in Shein's supply chain. When asked about claims of forced labor in Shein's supply chain, Claure told CNBC he doesn't "believe those allegations are correct." However, forced labor can still show up in other parts of the supply chain, said Chloe Cranston, the head of thematic advocacy programmes at Anti-Slavery International. In 2022, 11% of audits turned up "zero tolerance violations," including child labor, forced labor and wage violations, and 28 suppliers were terminated as a result, according to the company.

Persons: Elham Ataeiazar, Shein, Donald Tang, Matt Kennedy, they're, they've, Mike Gallagher, Elise Stefanik, Steve Scalise, Chip Somodevilla, we're, Marcelo Claure, Claure, Ralph Lauren, Rupert Hodges, Oritain, Chloe Cranston, Cranston, It's, it's, Shang, Jin Wei, Wei, Austin Knudsen, Chris Xu, Jade Gao, Knudsen, Gary Gensler Organizations: Wall, Bear, Chinese Communist Party, U.S, Renaissance Capital, CNBC, Bloomberg, Nike, Adidas, Republican National Committee, Washington , D.C, D.C, Target, Costco, Visual China, Getty, Workers, Columbia University's, Communist, CCP, Microsoft, AFP, U.S . Securities, Exchange Locations: Bear Stearns, U.S, China, Beijing, Xinjiang, Washington ,, Washington, Singapore, Nanjing, United States, Chinese, Guangzhou, Brazil, Turkey, India, Mexico, Montana

☆ America's electric grid is in shambles. Biden has made the largest federal investment ever to try and fix it.
▼ + stars: | 2023-10-19 | by ( Matthew Daly | Associated Press | ) www.businessinsider.com time to read: +7 min

Biden announced $3.5 billion for 58 projects across the country to strengthen the electric grid. This is the largest federal investment ever made in grid infrastructure, said US Energy Secretary. Energy Secretary Jennifer Granholm said it was the largest federal investment ever in grid infrastructure, supporting projects that will harden electric systems and improve energy reliability and affordability. The federal spending, combined with money promised by private partners, could result in up to $8 billion in investments nationally to upgrade the grid, Granholm said. AdvertisementAdvertisementThe largest grant, $464 million, will go to improve five transmission projects across seven Midwestern states, from Iowa to North Dakota.

Persons: Biden, Jennifer Granholm, Granholm, Chip Somodevilla, ″, Mitch Landrieu, Joe Biden, Landrieu, Jonathan Foley, Foley, Tim Walz, Steve Karnowski Organizations: US Energy, Service, Wednesday, Energy, Biden, Resilience, White House, Minnesota Gov, AP, of Commerce, CPS Energy, Consumers Energy, Flint, DTE Energy, Portland General Electric Locations: Maui, California, Georgia, Louisiana, American, Oregon, Iowa, North Dakota, Hawaii, California , Oregon , Utah, Minnesota, Locust Grove, Orleans, San Antonio, Texas , Colorado , New Mexico, Wisconsin, Texas, Michigan, Grand Rapids, Detroit

☆ Digital Startup Convoy Is Winding Down Its Freight Business
▼ + stars: | 2023-10-18 | by ( Liz Young | Paul Berger | ) www.wsj.com time to read: 1 min

Convoy matches loads to available trucks and has counted Home Depot and Unilever among its customers. Photo: Chip Somodevilla/Getty ImagesDigital freight startup Convoy, a business founded by former Amazon.com executives that has drawn a star-studded lineup of tech investors, has suspended operations and is winding down its core business as it seeks alternatives that may include selling its technology, according to people familiar with the matter. Convoy, which raised $260 million in a funding round last year that valued the business at $3.8 billion, on Wednesday told employees in an email that it would stop accepting shipments until further notice and that it was rescheduling or canceling existing loads.

Persons: Chip Somodevilla Organizations: Convoy, Depot, Unilever, Wednesday

☆ Kari Lake, previously a fire-breathing, hard-charging, far-right candidate for Arizona governor, may attempt to pivot to normie for her Senate bid
▼ + stars: | 2023-10-14 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Kari Lake on Tuesday launched her bid for the Republican Senate nomination in Arizona. But during her kickoff, Lake didn't focus on grievances and instead framed election integrity as a bipartisan issue. (The move likely dooms the prospects of Blake Masters, the unsuccessful 2022 Senate nominee who The Wall Street Journal previously reported had been set to jump into the 2024 Senate race.) AdvertisementAdvertisementLake defeated Karrin Taylor Robson in last year's Arizona Republican gubernatorial primary. In last year's gubernatorial election, Lake earned 49.6% of the vote, losing by about 17,000 votes out of nearly 2.6 million ballots cast.

Persons: Kari Lake, Trump's, —, Donald Trump, Katie Hobbs, Lake, Trump, Blake Masters, Mario Tama, It's, Doug Ducey, Sen, Jon Kyl, John McCain, Karrin Taylor Robson, Justin Sullivan, John Barrasso of, John Cornyn of, Steve Daines, Mitch McConnell, Kyrsten Sinema —, Ruben Gallego, Gallego, Sinema, she'll, Kyrsten Sinema, Chip Somodevilla, Republican Pinal County Sheriff Mark Lamb, who's Organizations: Republican, Service, Democratic, Lake, Trump, Street, Democrat, GOP, Arizona, Regents, Arizona Republican, Washington Republicans, Politico, Capitol, Senate Republican Conference, National Republican Senatorial, Democratic Party, Democratic Rep, Emerson College, Republican Pinal County Sheriff, Republicans, Democrats Locations: Arizona, Mexico, Washington, John Barrasso of Wyoming, John Cornyn of Texas, Montana, Kentucky, Republican Pinal County

Rep. Jim Jordan is the new GOP speaker nominee following Majority Leader Steve Scalise’s exit from the race. Jordan has the weekend to continue to make his case and attempt to flip holdouts, but he faces a steep uphill battle. But it soon became clear that Jordan also faces a stiff wall of resistance. That vote, which was cast by secret ballot, was 152 to 55, laying bare the major challenge Jordan faces in his bid for the gavel. Jordan or any other Republican speaker candidate can only afford to lose four GOP votes when the full House votes for speaker if all members are voting.

Persons: Kevin McCarthy, Jim Jordan, Steve Scalise’s, Jordan, Scalise, CNN’s Manu Raju, McCarthy, “, Feedback McCarthy, Steve Scalise, Chip Somodevilla, Austin Scott of Georgia –, Mike Garcia, ”, Marjorie Taylor Greene, Matt Gaetz, ” Gaetz, CNN’s Michael Smerconish, “ Jim Jordan, ” Jordan, Patrick McHenry of Organizations: CNN, Republicans, GOP, Rep, Ohio Republican, Hamas, CNN Republicans, Capitol, GOP Rep, Republican, Democrats, Caucus Locations: Ohio, Ukraine, Washington ,, Jordan, California, Patrick McHenry of North Carolina

☆ Who Is Nadine Arslanian, Bob Menendez's Wife Indicted in a Bribery Scandal?
▼ + stars: | 2023-10-11 | by ( Michelle Mark | Katherine Long | ) www.businessinsider.com time to read: +17 min

Sen. Bob Menendez and his wife Nadine Arslanian arrive at federal court following an indictment on corruption charges. Still, even prior to Menendez and federal indictment, Arslanian brushed up against fame and scandal. Arslanian "liked nice things," Anton told Insider. The longtime friend, who asked not to be identified by name, told Insider that Arslanian was conscious of her looks. AdvertisementAdvertisement"We felt that it was a very one-sided investigation," Koop's sister, Rosemarie Koop-Angelicola, told Insider.

Persons: Nadine Arslanian, Richard Koop, Robert Menendez, Arslanian texted Menendez, Sen, Bob Menendez, Brendan McDermid, Menendez's, Arslanian, Menendez, Chris Christie, Doug Anton, Kim DePaola, Kelly, Anton, Kyriakos Mitsotakis, Mareva Mitsotakis, Chip Somodevilla, Nadine Tabourian, Raffi Arslanian, Sabine, André, Arslanian's, Last, Marco Tacca, Anton's, Koop, —, Narendra Modi, Stefani Reynolds, Bono, — Menendez, Taj, Robert, Nadine, Menendez cradling Arslanian, they've, Koop's, Rosemarie Koop, Angelicola, she's, Wael Hana, Douglas Anton, Jose Uribe, Uribe, Fred Daibes, Bob, Nadine wasn't, Aaron Short Organizations: New Jersey IHOP, Benz, Reuters, Democratic Party, Prosecutors, longtime Garden, Arslanian's, Real Housewives of New, Attorney, Greek, White House, New York University, New York Times, Housewives of, Indian, Getty, Lincoln, Police, Senate Foreign Relations, Strategic, Business Consultants, Strategic International Business Consultants, Hana, Department of Justice Locations: New Jersey, Bogota , New Jersey, Englewood Cliffs, Real Housewives of New Jersey, Beirut, Lebanon, United States, Bergen, Jersey, Cernobbio, Italy, AFP, Bergen County, Union City, Queens, Arslanian's Englewood, Washington, DC, Bogota, Egypt, Arslanian, Egyptian, Englewood

☆ The Latest News, Headlines, and Business Stories for October 10
▼ + stars: | 2023-10-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 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 . Business: All the best deals for Amazon's October Prime Day sales. 3 things in businessAmazonAll the best October Prime Day deals. Amazon Prime Big Deals Days (also known as the October Prime Day) kicks off today.

Persons: —, you've, Yasser Qudih, Tom, Khan Yunis, Said Khatib, Janet Yellen, Chip Somodevilla, Yellen, Ray Dalio, David Risher, Kendall Jenner, Naomi Osaka, Charli D'Amelio, Tom Brady, Bob Iger, Nelson Peltz, Brady MacDonald, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Hamas, Getty, Bridgewater Associates, America, Technology, Meta, Disney, ESPN, ABC, National Hockey League, Vegas Golden Knights, Nashville Predators, Tampa Bay Lightning, Chicago Blackhawks, Pittsburgh Penguins, Amazon, PepsiCo, Sky, Delta Sky Club, LAX, LAX Sky Club, Hollywood Locations: Israel, Gaza, AFP, Dadu, Charli, Phoenix, Seattle, New York City, San Diego, London, New York

☆ Joe Biden's dog, Commander, has been moved from the White House because it keeps biting people
▼ + stars: | 2023-10-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

President Joe Biden's dog had to be taken from the White House after it kept biting staff. AdvertisementAdvertisementOne of President Joe Biden's dogs, a German shepherd named Commander, has been removed from the White House after a string of biting incidents. Champ and Major were moved temporarily to Delaware in early March, before the pair returned to the White House later that month. AdvertisementAdvertisementWhite House Chief Groundskeeper Dale Haney takes Commander, for a walk at the White House on December 6, 2022. "The White House is just a crazy environment for a dog," one former White House official told the outlet.

Persons: Joe Biden's, —, Elizabeth Alexander, Lady Jill Biden, Champ, Major, Groundskeeper Dale Haney, Haney, Chip Somodevilla, Biden, Axios, Alexander Organizations: White, House, Service, White House, CNN, Department of Homeland Security, Judicial Watch, Secret Service, Politico Locations: German, Delaware

☆ Trump's NY fraud trial starts today. Here's why it matters, even though the judge already found fraud.
▼ + stars: | 2023-10-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

New York's massive, $250 million fraud lawsuit against Donald Trump and Trump Org goes to trial Monday. Some weeks later, Eric Trump, Donald Trump, Jr., and Donald J. Trump must take the stand, in that order, and in post positions 25-27 out of the AG's total of 28 direct-case witnesses. But one thing that was clear about the decision is that fraud – lots of it – was found on the part of Donald Trump. Donald Trump Jr., left, and Eric Trump. She wants the judge to permanently ban not just Trump but Eric Trump and Donald Trump, Jr. from ever serving as an officer or director of any New York corporation.

Persons: Donald Trump, Trump, —, Donald Trump's, Christopher Kise, Kise, Letitia James, Ivanka Trump, Eric Trump, Donald Trump , Jr, Donald J, Arthur Engoron, –, Donald Trump ., Jeffrey McConney, Allen Weisselberg, Donald Trump Jr, Chip Somodevilla, James, Weisselberg, McConney, Kevin Wallace, Engoron Organizations: Trump Org, Service, Trump Organization, New York, Trump, New, Trump Revocable Locations: Manhattan, Springs, New York's Westchester County, York, New York

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

☆ Stagflation is 'the big bogeyman out there' — and many increasingly fear its return
▼ + stars: | 2023-09-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Oil prices surging to the brink of $100 per barrel and the specter of higher for longer inflation have renewed concern about stagflation risks, however. Kashkari reaffirmed this message when speaking to CNBC on Wednesday, saying that he was not sure if interest rates have been raised enough to successfully fight price growth. Market participants are worried that surging oil prices could keep inflation higher for longer, amplifying the risk of stagflation. "The price pressure reflects a shortage of supply, after OPEC+ cut production targets, under the leadership of Saudi Arabia and Russia. This must be seen in the context of a moving geopolitical environment, with Saudi Arabia recently joining the BRICS group," they added.

Persons: Mel Lagomasino, CNBC's, Lagomasino, Neel Kashkari, Kashkari, Jerome Powell, Chip Somodevilla, Stagflation, –, South Africa — Organizations: WE, CNBC, Federal Reserve, Getty, Brent, . West Texas Intermediate, Organization of, Petroleum, OPEC, Generali Investments, United Locations: Minneapolis, Washington ,, Saudi Arabia, Russia, OPEC, stagflation, Brazil, India, China, South Africa, Argentina, Egypt, Iran, Ethiopia, United Arab Emirates

☆ Apple's Eddy Cue defends default search contract with Google as best option for consumers
▼ + stars: | 2023-09-26 | by ( Lauren Feiner | ) www.cnbc.com time to read: +8 min

Cue, Apple's lead negotiator of its multibillion-dollar contract with Google , appeared in federal court in Washington, D.C., to discuss the long-standing agreement between the two companies. "When we're picking search engines, we pick the best one and we let the customer easily change them," Cue said. But in other places around the world, the company still sees Google as offering the best experience, Cue said. In his testimony, Cue also reiterated criticism that Apple has when it comes to Google's privacy practices. Cue said it's easy for consumers to change their default search engines today.

Persons: Eddy Cue, Chip Somodevilla, Apple's, that's, Bernstein, Sundar Pichai, Tim Cook, Joe Biden, Anna Moneymaker, Meagan Bellshaw, Bellshaw, Cook, Cue, Pichai, hadn't, Apple, we've, Eric Schmidt, Steve Jobs Organizations: Apple, Courthouse, Washington , D.C, Getty, Google, White, Justice Department, Cue, DOJ, Federal Trade Commission, Yahoo, CNBC, YouTube Locations: U.S, Washington ,, Europe, China, Russia

☆ IRS to target 'unscrupulous' tax preparers amid crackdown of small business tax credit
▼ + stars: | 2023-09-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Chip Somodevilla | Getty ImagesIRS scrutiny of the employee retention creditThe plan is part of the agency's elevated focus on employee retention credit claims, according to April Walker, lead manager for tax practice and ethics with the American Institute of CPAs. A pandemic-era tax break, the employee retention credit, or ERC, was designed to support small businesses that kept employees on payroll during shutdowns or revenue declines in 2020 and 2021. He included the earned income tax credit, a tax break claimed by low- to moderate-income filers, which has been prone to mistakes due to complex eligibility requirements. While IRS audit rates have dropped overall, the rates have declined more slowly for filers claiming the earned income tax credit than higher earners. "The IRS audits a higher percentage of taxpayers with the earned income tax credit than any other taxpayers, except those with at least $5 million of total positive income," National Taxpayer Advocate Erin Collins wrote in her 2022 report.

Persons: Daniel Werfel, Chip Somodevilla, April Walker, Werfel, Chuck Marr, Erin Collins Organizations: Senate, Getty, American Institute of CPAs, ERC, IRS, Budget, National Taxpayer, filers Locations: Worth

Danil Shamkin | Nurphoto | Getty ImagesU.S. Sen. Bob Menendez of New Jersey and his wife were indicted in New York on federal bribery charges for accepting cash, gold bars, home mortgage payments and more as part of "corrupt relationship" with three businessmen from their home state. "This investigation is very much ongoing," said Manhattan U.S. Attorney Damian Williams at a press conference on the indictment of the senator and his wife, Nadine Menendez. Source: SDNYThis is the second time Menendez has been indicted on federal bribery charges. U.S. Senate Foreign Relations Committee Chairman Bob Menendez, D-N.J., and his wife, Nadine Arslanian, arrive for a reception honoring Greek Prime Minister Kyriakos Mitsotakis and his wife, Mareva Mitsotakis, in the East Room of the White House in Washington, D.C., May 16, 2022. Those efforts allegedly included the senator recommending to Biden that he nominate a candidate for U.S. Attorney for New Jersey "who Menendez believed could be influenced by Menendez with respect to Daibes's case," the indictment charges.

Persons: Sen, Robert Menendez, Nikos Christodoulides, Danil, . Sen, Bob Menendez, Menendez, Joe Biden, Damian Williams, Nadine Menendez, Bob Menendez's, Wael Hana, Jose Uribe, Fred Daibes, Nadine, NADINE MENENDEZ’s, Salomon Melgen, Melgen, Nadine Arslanian, Kyriakos Mitsotakis, Mareva Mitsotakis, Chip Somodevilla, Hana, Uribe, Biden, Phillip Sellinger, Sellinger, David Schertler, Ms, Daibes, Nadine Menendez's Organizations: Nurphoto, Getty, ., Bob Menendez of New, Government, U.S Department of Agriculture, Democratic, Attorney, Manhattan U.S, Foreign, NBC News, U.S, Senate Foreign Relations, Greek, White, Washington , D.C, WNBC Locations: Republic of Cyprus, Nicosia, Cyprus, Bob Menendez of, Bob Menendez of New Jersey, New York, Egypt, New Jersey, Manhattan, Florida, Washington ,

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