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☆ Ukraine latest: Bad news mounts for Ukraine across the frontlines. But Russia is under pressure too
▼ + stars: | 2024-11-16 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +7 min

Russia is making gains at key spots along the frontlines of eastern and southeastern Ukraine, while unleashing wave after wave of aerial terror against Ukrainian cities. … You just get boxed into a corner and you have to choose from a buffet of bad options,” Barros added. Taking over Kupiansk would make it a lot easier for Russia to push further into the Kharkiv region. Ukraine has put up a fierce fight in the area in recent months, even though it has lost some ground. Pokrovsk has been a target of Russia for months as it seeks to capture eastern Ukraine.

Persons: Volodymyr Zelensky, “, ” George Barros, Barros, That’s, …, ” Barros, Kupiansk, Zelensky, Pokrovsk, Diego Fedele, they’ve, “ It’s, ”, that’s, Vladimir Putin’s, Putin, Donald Trump, Trump Organizations: CNN, Institute for, Geospatial Intelligence, Kyiv, Ukrainian, Russian Central Bank, Western Locations: Moscow, Russia, Ukraine, Russian, Kursk, Ukrainian, Kupiansk, Kharkiv, Ukraine’s, Kurakhove, Pokrovsk, crosshairs, Avdiivka, North, United States

☆ I built a 'tiny house' Airbnb hotel and sold it for $7 million. Here's why I decided to walk away when I did.
▼ + stars: | 2024-11-16 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

I sold the property, called Live Oak Lake, for $7 million in October 2023. Part of the reason I considered selling Live Oak Lake was because of the stress of running it. We listed Live Oak Lake for sale in the summer of 2022. AdvertisementSelling the property has alleviated my stressI think I sold Live Oak Lake at the right time. AdvertisementThe Live Oak Lake project was an amazing project, a baptism by fire in the realms of real estate, marketing, and hospitality.

Persons: Isaac French, Instagram Organizations: influencers, Business Locations: Texas, Nordic, Waco, Zillow, Instagram

☆ 'Yellowstone' stars on the 'secret sauce' that helped make the drama one of TV's most-watched shows
▼ + stars: | 2024-11-16 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Actor Wes Bentley said creator Taylor Sheridan understood the "American psyche." "Yellowstone" returned to screens last weekend after a two-year break, with more than 16 million reported viewers suggesting the show hasn't lost its appeal. AdvertisementLuke Grimes, Wes Bentley, Kelly Reilly, Kelsey Asbille, and Cole Hauser at the "Yellowstone" season 5, part 2 premiere. Related stories"I think there is something that Taylor understands about the American psyche, or at least this kind of American psyche," Bentley said. AdvertisementSome have attempted to explain the series' success by painting "Yellowstone" as a "red state Game of Thrones" that appealed mainly to conservatives.

Persons: Wes Bentley, Taylor Sheridan, Luke Grimes, Kayce Dutton, Grimes, — Taylor Sheridan, Joe Pickett, Kelly Reilly, Kelsey Asbille, Cole Hauser, Taylor, Jamie Dutton, Kevin Costner's, John Dutton's, it's, Bentley, It's, Sheridan, Monica Dutton, Dutton, Asbille Organizations: Business, Paramount Network, Netflix, Republican Locations: Australia

☆ Luxury brands forgot about Gen Z. They can't afford to make that mistake again.
▼ + stars: | 2024-11-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

But now it appears that some luxury brands have forgotten that aim. Dukas/Getty ImagesRay of Buttermilk said that some luxury brands have been hesitant to explore collaborations as a means of engaging Gen Z consumers because they fear losing their luxury allure. The future is vintageLuxury players might be kicking themselves for alienating Gen Z consumers, but Gen Zers never forgot about luxury. But secondhand's success isn't bad news for primary luxury brands, Escribano said. Bar certain luxury products like Hermès Birkins handbags, secondhand luxury is by and large cheaper and retains a level of exclusivity, she said.

Persons: Bain, Louis Vuitton, Z, Gen Z, There's, Claudia D'Arpizio, Blanca Zugaza Escribano, Gen, D'Arpizio, LVMH, Prada, Sabrina Carpenter, Marleen Moise, Getty, Jamie Ray, Escribano, Gen Z's, Thomaï, They've, Gen Zers, Z's Organizations: Louis, Prada, Bain & Company, Industry, Bain, Business, NYU's Stern School, Gen Locations: Hermès

☆ Jhansi, India: Hospital fire kills 10 newborn babies
▼ + stars: | 2024-11-16 | by ( Story The Associated Press | ) edition.cnn.com time to read: +2 min

Lucknow, India (AP) — A fire tore through a neonatal intensive care unit in a hospital in northern India, killing 10 newborn babies and injuring 16 others, authorities said. The fire occurred late Friday at a hospital in Jhansi city, Uttar Pradesh state. Brajesh Pathak, the deputy chief minister of the state, visited the hospital and met with families on Saturday. Rescuers had to break through windows to reach the newborn babies. In May, at least six newborn babies died in a fire at a children’s hospital in New Delhi, three years after a hospital fire in the western state of Maharashtra killed 10 newborns.

Persons: Bimal Kumar Dubey, Brajesh Pathak, “, ”, Naresh Kumar, Akhtar Hussain, CNN’s Manveena Suri, Kathleen Magramo Locations: Lucknow, India, Jhansi city, Uttar Pradesh, New Delhi, Maharashtra

☆ Bullet strikes Southwest Airlines plane as it prepares to depart from Dallas airport
▼ + stars: | 2024-11-16 | by ( Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —Dallas police are investigating after a Southwest Airlines flight was struck by a bullet as it was preparing to depart from Dallas Love Field Airport in Texas Friday evening, authorities said. The bullet apparently struck the right side of the plane just under the flight deck as the plane was taxiing for takeoff from Dallas to Indianapolis just before 10 p.m., according to Southwest Airlines. The Boeing 737-800 plane sustained damage after the bullet struck “near the cockpit,” according to the Federal Aviation Administration. It also comes about two years after a woman allegedly fired several gunshots into the air at Dallas Love Field Airport, sparking chaos as travelers fled. Dallas Love Field Airport is located about 6 miles northwest of downtown Dallas and primarily serves Southwest Airlines, its website states.

Persons: ” Organizations: CNN, Dallas, Southwest Airlines, Dallas Love Field Airport, The Dallas Police Department, Boeing, Federal Aviation Administration, Dallas Love Field Locations: Texas, Dallas, Indianapolis, Denver, Haiti, Port

☆ America's defeat in Vietnam offers a game plan for Ukrainian victory
▼ + stars: | 2024-11-16 | by ( ) www.businessinsider.com time to read: +7 min

Ukraine can defeat Russia if it and its Western backers learn from America's failure in the Vietnam War, a Ukrainian security expert argues. Danylyuk attributes America's failure in Vietnam to a "protracted multi-dimensional strategy by the Soviet Union, on whose help it was completely dependent." Crucial ways to defeat Russia's invasion can be found in the Soviet Union's multi-pronged strategy in Vietnam, analyst Oleksandr Danylyuk says. AP Photo/John T. WheelerThe first prong of this strategy would be to "stabilize the frontline and to render any successful offensive actions by Russian troops impossible." "The only explanation for the lack of a mass anti-war movement and large-scale protests is the absence of an organized and popular opposition in Russia," Danylyuk said.

Persons: Ukraine's, Oleksandr Danylyuk, Danylyuk, Johnson, Nixon, John T, Wheeler, Vladimir Putin's, Michael Peck Organizations: Ukraine, Royal United Services Institute, Ukrainian, Soviet, Communist bloc, AP, Gripen, Meteor, MiG, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Soviet, Vietnam, Ukraine, Russia, Ukrainian, British, China, Soviet Union, Hanoi, Saigon, South Vietnam, Vietnam's, Viet, Moscow, Saudi Arabia, Russian, Kabul, Forbes

☆ A boomer who retired with a $2 million net worth despite working modest jobs shares his advice on retiring comfortably
▼ + stars: | 2024-11-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

AdvertisementAn Idaho couple retired with a net worth of over $2 million by living frugally and making smart investment choices. Richard learned investment strategies later in life after losing thousands in the dot-com bubble. He worked and lived frugally while attending the University of Illinois, which he said cost just $173 his first semester. Advertisement"I haven't been a disciplined, smart investor throughout my life, but I have always lived frugally," Richard said. In retirement, Richard has produced over 70 books about his hometown, American history, and trail guides.

Persons: Richard, weren't, wasn't, it's, I've, He's Organizations: University of Illinois, Air Force, Social, Social Security Locations: Idaho, Illinois, Sacramento, Airbnbs

☆ 'This looks and feels like the year 2000 to me': Investing legend Rob Arnott says the stock market's record rally reminds him of the dot-com bubble peak
▼ + stars: | 2024-11-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He said comparisons to the dot-com peak in 2000 are fair. Advertisement"This looks and feels like the year 2000 to me," Arnott told Business Insider on November 11. But Arnott believes AI optimism, which has driven the lion's share of the rally, is already fully priced in. At 37 times earnings, just below the late-2021 peak of 38, before the market fell by 25%, and the 2000 peak of 43, right in front of a 50% loss. "This is a really, really, really pricey environment, but it doesn't necessarily make me bearish.

Persons: Rob Arnott, he's, Arnott, —, Donald Trump, Trump, disruptors, There's, Goldman Sachs, David Kostin, Michael Hartnett, Hartnett, David Einhorn, Einhorn Organizations: Nvidia, Intel, Chief US, Business, Goldman Sachs Bank of America's Global, Equity, Bank of America, CNBC's, Alpha Locations: irrelevance

☆ China willing to be partners, friends with US, Chinese envoy says
▼ + stars: | 2024-11-16 | by ( ) www.cnbc.com time to read: +2 min

The national flags of the United States and China flutter at the Fairmont Peace Hotel on April 25, 2024 in Shanghai, China. China is willing to be partners and friends with the United States, China's ambassador to Washington said, seeking to strengthen dialogue between the world's two largest economies. China has no plan to surpass or replace the United States, Xie Feng said in a speech in Hong Kong on Friday, addressing Chinese officials and the U.S. ambassador to China. Chinese President Xi Jinping called on Friday for rejecting unilateralism and protectionism in favour of economic globalisation. However, some analysts say China's pitch as a counterbalance to a Trump-led United States has lost its shine compared to 2016, when Trump was first elected.

Persons: Xie Feng, Donald Trump's, Trump, Xi Jinping, Xie Locations: United States, China, Fairmont, Shanghai, Washington, Hong Kong, U.S, Beijing, Europe, Asia, Trump, Taiwan, Taipei

☆ Read the casual emails between Elon Musk and Sam Altman that kicked off OpenAI
▼ + stars: | 2024-11-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

AdvertisementElon Musk amended his lawsuit against OpenAI and Sam Altman, adding Microsoft as a defendant. Musk included emails between himself and Altman from 2015 in which they discussed starting OpenAI. Elon Musk unveiled several emails between himself and fellow billionaire Sam Altman this week as evidence in the Tesla CEO's lawsuit against Altman and OpenAI, shining a light on the casual beginnings of the now-$157 billion company. Musk helped found OpenAI in 2015 but has frequently criticized the company and its leaders in the years since. The SpaceX CEO left the AI startup in 2018.

Persons: Elon Musk, Sam Altman, Musk, Altman, OpenAI, Sam Musk, Bill Gates, Pierre Omidyar, Dustin Moskovitz, we'd, Peter Thiel, I've, Semafor Organizations: OpenAI, Microsoft, Business, SpaceX, Google, YC, Manhattan Project

☆ I moved to Dubai when I became a millionaire at 24. People don't treat me differently here because of my wealth.
▼ + stars: | 2024-11-16 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

He got into sales at 16 and became a millionaire last year at 24. I did sales courses and seminars, which made me better and better with this skill set. Related storiesI was uncomfortable with people treating me differentlyEven before I became a millionaire, I noticed that people started treating me differently. Suddenly, the popular crowd — who never paid attention to me in school — started inviting me out. I didn't like that, and I didn't want to be treated differently because of my wealth.

Persons: Ben Grant, there's, —, I'm, I've, we're Organizations: Learn, Lamborghini, Rover Locations: England, Sunderland, Dubai

Iran sent a written message via Swiss diplomats in mid-October saying that it would not seek to kill Donald Trump, according to a U.S. official. Switzerland handles U.S. diplomatic interests in Tehran as Iran and the United States do not have official diplomatic relations. In July, the Biden administration obtained intelligence about an Iranian assassination plot against Trump, and the information led the Secret Service to ramp up security for his campaign. Last week, the Justice Department charged an Iranian man with plotting to assassinate Trump as a part of a murder-for-hire scheme. Officials have found no link between the shooter in that case and the Iranian plot.

Persons: Donald Trump, Biden, Trump, Qasem Soleimani, Trump’s, Soleimani, Steven Cheung, ” Organizations: U.S, Trump, Street Journal, Iran’s United Nations, Service, Justice Department, Islamic Revolutionary Guard Corps, The Justice Department, United Nations Locations: Iran, Switzerland, Tehran, United States, U.S, Baghdad, Butler, Pa, United, Fars

The human head that washed ashore in South Florida this week belonged to a missing 19-year-old swimmer, police said Friday. Victor Enrique Castaneda Jr. went missing Saturday near the jetty area at South Pointe Drive, Miami Beach police said. The Miami-Dade County Medical Examiner on Friday confirmed remains found Tuesday near Key Biscayne belonged to Castaneda, police said. Police investigate after a human head washed ashore on Key Biscayne, Fla., on Tuesday. A beach worker Tuesday morning spotted a human head floating on the shoreline close to a small island near Key Biscayne, Miami-Dade police said.

Persons: Victor Enrique Castaneda Jr, Castaneda Organizations: Miami Beach, Dade, Dade County Medical, Police, Biscayne, NBC, Dade police Locations: South Florida, South Pointe, Miami, Dade County, Key Biscayne, Castaneda, Fla, Florida

The FBI on Friday said reports of racist and offensive text messages sent from anonymous phone numbers are now being sent to members of Latino and LGBTQ communities. The FBI is investigating previous reports of dozens of racist texts sent to Black Americans telling them they have been “selected" to pick cotton "at the nearest plantation" immediately following last week's election. The initial reports of racist texts last week included recipients who attend universities from California to South Carolina, with some sent via TextNow, a service compatible with untraceable, “burner” phone numbers. The FBI on Friday said the texts from the initial reports were not identical but seemed to follow similar themes. The agency said it's also sharing information on the expanding texts and emails with education institutions and faith leaders.

Persons: Juan Proaño, Monèt Miller, Derrick Johnson, Proaño, LULAC, it's Organizations: FBI, U.S . Department of Justice's Civil Rights Division, LULAC, League, United Latin, NAACP, stoke Locations: California, South Carolina, TextNow, Atlanta

☆ Leaders of the anti-vaccine movement are thrilled RFK Jr. could run HHS: ‘A dream come true’
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | Brandy Zadrozny | ) www.nbcnews.com time to read: +7 min

“It’s like Typhoid Mary being in charge of food safety.”But another group was celebrating Trump’s pick: the anti-vaccine movement Kennedy leads. She and Polly Tommey, director of CHD.TV and a longtime anti-vaccine activist, reflected on Kennedy’s power within their campaign. Holland urged viewers to “educate” the public and Congress that Kennedy’s anti-vaccine claims were accurate, aiming to boost his support among senators who would vote on his confirmation. Kennedy now has a chance to bring that advocacy into the top public health office in the country. Stone replied, “I am over the moon about the appointment.”Others relished how Kennedy might bring a dreamed-about reckoning in public health agencies and retribution against former public health officials.

Persons: Donald Trump’s, Robert F, Kennedy Jr, ”, Mandy Cohen, ” “, Richard Besser, Kennedy, Paul Offit, Mary, Mary Holland, Polly Tommey, “ Bobby Kennedy, ” Holland, “, ” Tommey, Holland, Bobby Kennedy, wouldn’t, he’s, Del Bigtree, Michaela Roman, Dr, Sherri Tenpenny, Trump, Steve Kirsch, Kirsch, Alex Azar, ” Kennedy, “ We’re, Alex Jones, Roger Stone, Stone, Steve Bannon, Fauci, Anthony Fauci, Naomi Wolf Organizations: Department of Health, Human Services, “, Centers for Disease Control, Children’s Hospital of Philadelphia, Health Defense, ”, MAHA Alliance, Kennedy’s, Oregon Capitol, Vaccine Safety Research Foundation, RFK, CDC, National Institutes of Health, Food and Drug Administration, NIH, National Institute of Allergy, Bannon’s

☆ Arizona man tried to kill case worker during meeting about daughter, officials say
▼ + stars: | 2024-11-15 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

An Arizona man has been charged with attempted murder after officials say he tried to kill a child safety case worker during a discussion about his child. Deandre Terrell Johnson, 32, attempted to strangle a Department of Child Safety case worker “until the victim lost consciousness” after a meeting involving his daughter, the Maricopa County Attorney’s Office said. An attorney listed for Johnson in the indictment was not immediately reached for comment on Friday afternoon. Johnson has been charged with attempt to commit first-degree murder; aggravated assault and unlawful flight from law enforcement. Attempts to reach a representative with the Department of Child Safety were unsuccessful Friday.

Persons: Deandre Terrell Johnson, “, Johnson Organizations: of Child, Maricopa County Attorney’s, Mesa police, Department of Child Safety Locations: Arizona, Maricopa County

Popular YouTube personality and "Chicken Shop Date" host Amelia Dimoldenberg invited Elmo for a playdate to talk dating, astrology, five-year plans and more. Dimoldenberg wanted to know why Elmo thought she was still single. You’re kind, you’re funny, you’re smart, you’re beautiful, you know? Elmo asked Dimoldenberg. "Yeah, Rocco’s just right in front of you, Elmo," Dimoldenberg said, pointing to the rock, who had just appeared on the table before them.

Persons: Elmo, Amelia Dimoldenberg, he's, Dimoldenberg, Andrew Garfield, We’ve, Rocco, Elmo sighed Organizations: YouTube

Latino voters overall were more than a quarter of Arizona’s electorate — Gallego won them by 22 points while Harris carried them by 10 points. As for Latino men, Trump won them by 12 points nationally, marking a stunning 35-point swing from 2020 that powered him to victory in key states, according to NBC News' exit polls. But Gallego held his ground with Latino men, winning them by 30 points, exit polls showed. Men — Latino men — were feeling very insecure about their positions in the family because they wanted to make sure that they’re providers and providing security and economic security. He outperformed Harris among voters who cited the economy as their top concern, exit polls showed, and covered off the vulnerability that sank many Democrats, including Harris.

Persons: Ruben Gallego, Donald Trump, Kamala Harris, — Gallego, Harris, Trump, Gallego, —, ” Gallego, Ariz, Mario Tama, ”, it’s, Republican Kari Lake, president’s MAGA, Biden, “, ” Trump, Lake hasn’t, isn’t, Kari Lake Organizations: WASHINGTON, Democratic, outperforming, NBC News, ”, Republican, Congressional Progressive Caucus, Trump, NBC, Democrat Locations: Arizona, Arizona’s, Guadalupe

The Summary Trump plans to tap Robert F. Kennedy Jr. to be his health and human services secretary. Kennedy has spread misinformation about vaccines, fluoride, raw milk and other topics. Kennedy has also referred to the Covid vaccine as “the deadliest vaccine ever made,” despite data showing it’s overwhelmingly safe. As many as 30 states allow raw milk to be sold, but the FDA regulates its sale across state lines. But Kennedy has cast doubt on those findings, claiming without evidence that the drugs were discredited because various groups stood to make money off Covid vaccines.

Persons: Trump, Robert F, Kennedy Jr, Kennedy, Donald Trump’s, ” Trump, Trump’s, Andrew Wakefield, “ I’m, ”, Howard Lutnick, glyphosate, hasn’t, haven’t, ivermectin, podcaster Joe Rogan, Elon Musk Organizations: NBC, Centers for Disease Control, FDA, National Institutes of Health, Medicare, Services, NBC News, Trump, CNN, CDC, European Union, International Agency for Research, Cancer, Environmental Protection Agency, American Academy of Pediatrics, National Cancer Institute

☆ CDC confirms Oregon’s first human case of bird flu
▼ + stars: | 2024-11-15 | by ( ) www.nbcnews.com time to read: +1 min

The Centers for Disease Control and Prevention on Friday confirmed highly pathogenic form of bird flu in a person in Oregon. All the cases were farm workers who had known contact with infected animals, except for one person in Missouri. Last month, the H5N1 bird flu was confirmed in a pig on a backyard farm in Oregon, the first detection of the virus in swine in the country. The CDC has instructed that farm workers who have been exposed to animals with bird flu should be tested even if they do not have symptoms. Since 2022, the virus has wiped out more than 100 million poultry birds in the nation’s worst-ever bird flu outbreak.

Organizations: Disease Control, CDC, Health Locations: Oregon, U.S, Missouri

“We know they can do it.”More than 300,000 women served tours of duty in Iraq and Afghanistan, Manning said. More than 9,000 women received Army Combat Action Badges for “actively engaging or being engaged by the enemy,” according to a 2015 report by the nonpartisan Congressional Research Service. Two were given a Silver Star, the third-highest military combat decoration, for “gallantry in action,” the report said. Manning said another 383 women were awarded a Purple Heart — the nation’s oldest military award, which recognizes sacrifice and heroism. “To cast this wide net and say women shouldn’t serve in combat — well, guess what?

Persons: Pete Hegseth, Donald Trump’s, ”, hasn’t, ” Hegseth, Shawn Ryan, Ben Shapiro, “ I’m, Ash Carter, Shapiro, “ shouldn’t, Lory Manning, Manning, “, Allison Jaslow, Jaslow, ” Jaslow, Trump, Hegseth, Steven Cheung, Trump’s, Sen, Tammy Duckworth, ” Duckworth, Raquel Durden, shouldn’t Organizations: U.S, Army, NBC News, Fox News, Pentagon, Army Rangers, Green Berets, Navy, Marine Corps, Air Force, ”, Defense Department, Service, Congressional Research Service, Star, Afghanistan Veterans, Army’s Ranger, Republican, Army National Guard, CNN Locations: U.S, America, Iraq, Afghanistan, California, Guantánamo Bay, Cuba

Twitch has revised its “Hateful Content Policy” to include “Zionist” as a potential slur following mounting criticism over Israel-Gaza war content on the platform. “We recognize that ‘Zionist’ and ‘Zionism’ also refer to a political movement,” Twitch wrote in its blog post. “Using the term to refer to the political movement, whether in a supportive or critical way, does not violate our Hateful Conduct policy. Compared to other online platforms, Twitch had largely dodged controversies involving content over the war between Israel and Gaza — until this fall, when criticism online toward the platform began to escalate. In October, Twitch was accused of disabling sign-ups for the platform from some users in Israel and the Palestinian territories.

Persons: Twitch, ”, ” Twitch, Rep, Ritchie Torres, Defamation League —, Dan Clancy, Instagram —, —, Sen, Bernie Sanders, Alexandria Ocasio, Tim Walz —, Palestine ”, “, …, Zack “ Asmongold ” Hoyt, ” Hoyt, ” Clancy Organizations: Defamation League, Twitch, NBC, Meta, Minnesota Gov Locations: Israel, Gaza, Alexandria, Cortez, Palestinian, Palestine, San Diego

☆ The House GOP is more aligned with Trump than ever: From the Politics Desk
▼ + stars: | 2024-11-15 | by ( The Politics Desk | ) www.nbcnews.com time to read: +9 min

In today’s edition, national political reporter Ben Kamisar examines how House Republicans are growing increasingly aligned with Donald Trump. Plus, "Meet the Press" moderator Kristen Welker looks back at how Trump's Cabinet announcements from right yers ago compare to now. The House GOP is more aligned with Trump than everBy Ben KamisarPresident-elect Donald Trump and the GOP believe Americans delivered them a mandate last week when they handed the party unified control of Washington. Newly elected Senate GOP leader John Thune certainly isn’t a Trump antagonist, but he’s a descendent of the institutional Republican Party. It’s a dynamic worth keeping tabs on, especially as Senate Republicans begin the process of vetting Trump’s Cabinet picks.

Persons: Ben Kamisar, Donald Trump, Kristen Welker, Trump, ” Rep, Troy Nehls, Kyle Stewart, “, John Thune, Trump’s, Sen, John Barrasso, Donald Trump’s, ”, — Trump, Marco Rubio, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Doug Burgum, Tulsi Gabbard, James Mattis, John Kelly, Jeff Sessions, —, Steve Bannon, Gaetz, Mike Johnson, Elon Musk, Vivek Ramaswamy, Todd Blanche, Doug Collins, 🗞️, Jo Organizations: NBC, White House, Capitol, Republicans, GOP, Trump, NBC News, ”, Senate, Republican Party, Press, State Department, Justice Department, Defense Department, Department of Health, Human Services, Interior Department, Pentagon, Department of Homeland Security, RFK Jr, Department, Former Trump, Republican, Health, Elon, Department of Veterans Affairs, Sena Locations: Washington, Texas, Pennsylvania, Gaetz, California, Iraq

U.S. consumers collectively owe an eye-popping $1.17 trillion in credit card debt — a record — according to estimates the Federal Reserve Bank of New York released this week. But while there are still major financial risks for carrying hefty balances, the researchers said the data suggests that “rising debt burdens remain manageable” for the typical consumer. Prices are still going up, but they’re not going up as fast, and incomes are once again going up at a faster rate than expenses. Earnings growth has averaged 6.2% per year since the pandemic began, compared to the cumulative debt balance rising 4% per year. “Especially for higher-risk borrowers, credit card and auto loan delinquencies are the highest in a dozen years, and that’s with unemployment at 4%.

Persons: ’, Donald Trump, they’re, Greg McBride What’s, TransUnion, That’s, ”, Greg McBride, “, McBride Organizations: ’ paychecks, Federal Reserve Bank of New York, New York Fed, Commerce Department, Bureau of Labor Statistics, Bankrate Locations: ’ paychecks . U.S

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