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☆ House Speaker Mike Johnson campaigned with disgraced reality TV Star Josh Duggar, one of several accused sex offenders connected to his 'mentor' Tony Perkins
▼ + stars: | 2023-11-18 | by ( Jacqueline Sweet | ) www.businessinsider.com time to read: +8 min

Speaker Mike Johnson campaigned with now-disgraced reality TV star Josh Duggar years ago in Louisiana. Johnson called Duggar, now in prison for child pornography, a "friend" when the two campaigned for now-U.S. According to the Washington Post, "Perkins goes way back with the Duggar family." According to the Washington Post, Perkins was close to Duggar's father Jim Bob Duggar , who served in the Arkansas House of Representatives from 1999 to 2003. Calls and emails to Perkins and Duggar family lawyers were not immediately returned.

Persons: Mike Johnson, Josh Duggar, Johnson, Tony Perkins, Bill Cassidy, —, Duggar, Perkins, Mike Huckabee, Rick Santorum, Ted Cruz, Bobby Jindal, Sen, Santorum, Raj Shah, Shah, Josh, Duggar's, Jim Bob Duggar, InTouch, Jim Bob, Paul, Pressler's, Pressler, Wesley Goodman, Perkins acolyte, Goodman, Donald Trump, Paul Pressler Organizations: Family Research, Service, Louisiana Republican, Business, Washington Post, GOP, Pennsylvania Republican, Washington , D.C, FRC, InTouch, Paul Pressler School of Law, Louisiana College, Pressler, Southern Baptist Convention, Council for National Policy, The Washington Spectator Locations: Louisiana, U.S, Washington ,, Shreveport, Arkansas, Ohio

The federal government is delaying a new rule that could make it easier for millions of workers to unionize after business groups challenged it in court. The National Labor Relations Board said Thursday that the rule — which was scheduled to go into effect in December — will now be effective Feb. 26. The rule sets new standards for determining when two companies should be considered “joint employers" in labor negotiations. But the new rule would expand that definition, saying companies may be considered joint employers if they have the ability to control — directly or indirectly — at least one condition of employment. But the NLRB says the current rule makes it too easy for companies to avoid their legal responsibility to bargain with workers.

Persons: McDonald's isn't, National Retail Federation —, Sen, Bill Cassidy, Cassidy, Democratic Sen, Joe Manchin, Joe Biden Organizations: National Labor Relations Board, Republican, U.S . Chamber of Commerce, American, Lodging Association, International Franchise Association, National Retail Federation, NLRB, U.S, Louisiana Republican, Health, Education, Labor, Pensions, Federal, Democratic, House Locations: —, Texas, Louisiana, West Virginia

☆ I quit my product manager job to start an AI company, and it felt like jumping off a cliff. Here's how I pivoted into tech's hottest field.
▼ + stars: | 2023-11-17 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Justin Fineberg quit his job as product manager job at Blade to start Cassidy, a startup that helps businesses create their own AI assistants. Earlier this year, I quit my job as a product manager at Blade to start my own AI company. AdvertisementAt the beginning of 2022, I started working at Blade, the Uber for helicopters, as a product manager. Quitting my job to start an AI company felt like jumping off a cliffMonths later, it was clear to me that I wanted to pursue a career in AI. AdvertisementQuitting my job to start an AI company felt like jumping off a cliff.

Persons: Justin Fineberg, Cassidy, Fineberg, Insider's Aaron Mok, —, Uber, ChatGPT, I've, Cassidy.ai, OpenAI Organizations: Service, University of Michigan, OpenAI Locations: New York

☆ The Senate failed its attempt to strip lower monthly student-loan payments from millions of borrowers
▼ + stars: | 2023-11-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Senate failed to pass a bill that would overturn the new SAVE income-driven repayment plan. AdvertisementThe Senate failed to pass a bill that would strip relief from student-loan borrowers. On November 15, GOP Sen. Bill Cassidy's bill to overturn President Joe Biden's new SAVE income-driven repayment plan, intended to lower monthly payments for millions of student-loan borrowers, failed by a vote of 49-50. "This legislation would mean higher payments for student loan borrowers and would dramatically raise costs for graduates. "But now, my Republican colleagues want you to believe that we cannot afford to lower monthly student loan payments for working class Americans who are struggling to put a roof over her head, pay for child care, and put food on the table?

Persons: Democratic Sen, Joe Manchin, Biden, —, GOP Sen, Bill Cassidy's, Joe Biden's, Republican Sen, Tim Scott, John Thune, Cassidy, Sen, Bernie Sanders, Sanders Organizations: Democratic, GOP, Service, Republican, Management, Budget, Education Department

During his news conference following the summit, Biden summed up his approach to the Chinese leader. Xi at one point called on the United States to “not scheme to suppress or contain China,” Chinese state media reported. In the talks, Biden made clear to Xi that he viewed Hamas as separate from the Palestinians. As host of the meeting, Biden walked out of the building first to welcome Xi. Speaking after Biden, Xi offered starker view of US-China ties.

Persons: Joe Biden, Xi Jinping, Biden, Xi, “, ”, “ That’s, ” Biden, Antony Blinken, Jake Sullivan, Defense Lloyd Austin, we’ve, – Biden, Xi’s, readouts, ” Xi, I’ve, I’m, That’s, Wang Yi, they’d, Sullivan, Wang, Janet Yellen, Gina Raimondo, John Kerry, –, Nikki Haley Organizations: California CNN, Biden, Defense, US, Xinhua, Hamas, Marine, China’s, American, South, Republicans Locations: Woodside, California, China, Washington, Beijing, United States, “, Taiwan, San Francisco, Israel, Iran, East, Europe, Blinken, South Carolina

San Francisco CNN —President Joe Biden hopes to walk away from his closely watched summit with Chinese President Xi Jinping on Wednesday having put the US-China relationship on steadier footing after months of tension between the two superpowers. Biden administration officials have been working ever since to restore the channel, but those efforts were hampered by the tense episode involving a Chinese spy balloon that Biden ordered shot down earlier this year. And American officials have watched carefully as China scales up its military exercises in the water and air around the island. A political tight ropeAs Biden was preparing for Wednesday’s summit, Republicans questioned his decision to seek a meeting with Xi. The deal, which has been a priority for the Biden administration, would target companies that produce and export the source material to make the deadly synthetic opioid.

Persons: Joe Biden, Xi Jinping, Biden, Xi, week’s Biden, Jake Sullivan, Wang Yi, Antony Blinken, Janet Yellen, Gina Raimondo, John Kerry, –, ”, they’d, Nancy Pelosi, ” Sullivan, ” Biden, “ They’ve, Nikki Haley, “, Sullivan Organizations: San Francisco CNN, Foreign, China’s, American, “, China’s Communist Party, Biden, South, Republicans Locations: San, China, East, Europe, Beijing, California, Washington, Bay, Taiwan, Bali, San Francisco, South Carolina, Mexico

☆ He Won’t Stop Taking Pictures Until He’s Partying on the Other Side
▼ + stars: | 2023-11-14 | by ( Alex Pappademas | ) www.nytimes.com time to read: +1 min

Diltz is compactly built, with a gray ponytail, a ringer in old age for the actor Seymour Cassel, a John Cassavetes mainstay. He falls asleep at night listening to George Noory on “Coast to Coast AM” rapping with the paranoid faithful about lucid dreams, conspiracies, immortality. Diltz has survived Cass Elliot, a couple of Eagles, all but one of the Monkees. The other day someone called and told him the news about Robbie Robertson. Another old friend, David Crosby, died in January.

Persons: Seymour Cassel, John Cassavetes, George Noory, He’s, Dan Fogelberg, David Cassidy, Diltz, Cass Elliot, Elizabeth Joy Grand, Robbie Robertson, —, David Crosby, Horatio Hornblower —, Crosby Organizations: Eagles, Monkees, CSN Locations: “

Political Cartoons View All 1244 Images“They ask questions but they don’t tell us what is going on,” Hawkins said of CMS. If trends continue, as many as 30 million people could end up being dropped from Medicaid once states finish reviewing their Medicaid rolls, according to Avalere's projections. The numbers dwarf the Biden administration’s initial projections that only 15 million people would lose coverage throughout the process. “We have to say it’s going poorly,” Massey Whorley, a principal at Avalere, said of the Medicaid redeterminations. Some Texas lawmakers have asked CMS to investigate issues in the state, where nearly 1 million have lost Medicaid.

Persons: Biden, Avalere, ”, Trevor Hawkins, Hawkins, “, ” Hawkins, they’ve, Xavier Becerra, Daniel Tsai, Tsai, Lily Mezquita, Mezquita, ” Massey Whorley, I’ve, Gavin Lesnick, Lesnick, Lynn Hearn, Hearn, We’ve, we’ve, ” Hearn, Mallory McManus, Cassidy Estes, Rogers, didn't, Estes, Graciela Camarena, Camarena, Jennifer Ruffcorn, Jennifer Wagner, ___ Hunter, Robert Wood Johnson Organizations: WASHINGTON, Medicaid, Legal Aid, Centers, Medicare, Services, CMS, Democratic, Human Services, HHS, CMS Center, Children’s Health Insurance, Biden, AP, state's Department of Human Services, Florida Health Justice, Florida Department of Children, Charlotte Center, Legal, Children's Defense Fund, Texas, Texas Health, Center, Budget, Associated Press Health, Science Department, Robert Wood Johnson Foundation Locations: Florida, Arkansas, Texas, Miami , Florida, Avalere, North Carolina, Atlanta

☆ Sen. Bill Cassidy: 'I will' vote for stopgap funding measure to avoid shutdown
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Bill Cassidy: 'I will' vote for stopgap funding measure to avoid shutdownHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Email Sen, Bill Cassidy, Brian Sullivan, “ Organizations: Email, CNBC

☆ Xero Swings to 1H Profit, Maintains FY Costs Forecast
▼ + stars: | 2023-11-09 | by ( Stuart Condie | ) www.wsj.com time to read: 1 min

Chief Executive Sukhinder Singh Cassidy said the New Zealand company will “focus on Xero’s key levers of growth.” Photo: s. cassidy/anastasiia sapon/ReutersSYDNEY— Xero swung to a first-half profit and maintained its full-year expense target after the cloud-accounting software provider lifted revenue by 21%. The New Zealand-based company on Thursday reported a net profit of 54.1 million New Zealand dollars (US$32.1 million) for the six months through September, compared with a NZ$16.1 million loss a year earlier.

Persons: Sukhinder Singh Cassidy, cassidy, anastasiia sapon, Reuters SYDNEY — Xero Organizations: New, Reuters SYDNEY, Zealand, NZ Locations: New Zealand, Zealand

☆ 2.9 million student-loan borrowers are making $0 monthly payments through a new program Republicans are trying to repeal
▼ + stars: | 2023-11-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department released data showing 5.5 million borrowers have enrolled in the new SAVE plan. Of those borrowers, 2.9 million of them are making $0 monthly payments. AdvertisementAdvertisementMillions of student-loan borrowers are not paying anything toward their balances right now thanks to President Joe Biden's new repayment plan — but Republicans and one Democrat are seeking to block it. On Wednesday, the Education Department announced that 5.5 million student-loan borrowers are now enrolled in the new SAVE income-driven repayment plan intended to lower monthly payments to borrowers. The latest SAVE data from the Education Department comes just over a month after federal student-loan payments resumed following an over three-year pause.

Persons: Joe Manchin, —, Joe Biden's, Education James Kvaal, Pell Grant, Democratic Sen, Bill Cassidy, John Thune, John Cornyn, Biden, servicers Organizations: Education Department, Republican, Service, Education, SAVE, Democratic, GOP, Federal Student Aid, Federal Locations: Sens, Biden's

☆ Xero will remain focused on core segments such as small businesses: CEO
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXero will remain focused on core segments such as small businesses: CEOSukhinder Singh Cassidy, CEO of Xero says the company is "macro resilient" in the face of macroeconomic headwinds, and explains how the company will incorporate generative AI in its services.

Persons: Sukhinder Singh Cassidy, Xero

☆ US soldier arrested for allegedly cyberstalking local judges
▼ + stars: | 2023-11-08 | by ( Haley Britzky | ) edition.cnn.com time to read: +5 min

CNN —A US Army soldier at Fort Campbell, Kentucky, was arrested on Wednesday on charges of cyberstalking after allegedly making threatening social media posts targeting judges, including one involved in his divorce and child custody court proceedings. Cassidy Busbin, who court documents identify as an active-duty soldier at Fort Campbell, was arrested on Wednesday. in the court records, regarding a “peaceful armed protest” in Montgomery County for “FATHER’S RIGHTS” on November 17. The court documents also outline a series of allegations of abuse against romantic partners. also testified about that incident during Busbin’s divorce proceedings, according to the court documents.

Persons: cyberstalking, Cassidy Busbin, Fort Campbell, Busbin, Tony Hoefler, ” Busbin, “ Olita, Reid Poland, Kathryn Olita, Adrienne Fry, ”, Busbin’s, “, she’d, —, A.P, “ Busbin, it’s Organizations: CNN, US Army, Criminal, 101st Airborne, Facebook, Circuit, Army, Blanchfield, Community Hospital Locations: Fort Campbell , Kentucky, Fort, Montgomery County , Tennessee, Maryland, Montgomery County, Montgomery, Busbin, Poland

☆ Senate Confirms Biden’s Pick for N.I.H. Director Over Sanders’s Objections
▼ + stars: | 2023-11-07 | by ( Sheryl Gay Stolberg | More About Sheryl Gay Stolberg | ) www.nytimes.com time to read: +1 min

The Senate on Tuesday confirmed Dr. Monica M. Bertagnolli, a cancer surgeon who currently leads the National Cancer Institute, as the next director of the National Institutes of Health, overriding the objections of Senator Bernie Sanders of Vermont, the chairman of the Senate health committee. The vote was 62 to 36, with Mr. Sanders voting no. on a permanent basis, after Dr. Bernadine P. Healy, who served under President George H.W. She will take over an agency that has been the target of political attacks by Republicans, who have accused its scientists of intentionally downplaying the possibility that Covid-19 was the result of a laboratory leak. “I think no one wants to know what the true origin of the last Covid pandemic was more than the biomedical research community,” Dr. Bertagnolli told Senator Bill Cassidy of Louisiana, the top Republican on the health committee, during her confirmation hearing last month.

Persons: Monica M, Bernie Sanders of, Sanders, Bertagnolli, “, Dr, Bernadine, Healy, George H.W, George H.W . Bush, ”, Bill Cassidy of Organizations: National Cancer Institute, National Institutes of Health, Republican Locations: Bernie Sanders of Vermont, George H.W ., Bill Cassidy of Louisiana

☆ Opinion: I thought I’d be safe from antisemitism at my college. I was wrong
▼ + stars: | 2023-11-01 | by ( Cassidy Delgreco | Opinion Gabriel Levin | ) edition.cnn.com time to read: +6 min

Editor’s Note: Gabriel Levin is a sophomore at Cornell University and a columnist for The Cornell Daily Sun. CNN —An arrest has been made after evil posts online called for the eradication of Jews at Cornell, the university I attend. Even though the suspect, a fellow student, is in federal custody, the constant threat of anti-Semitism looms over us still. I applied to Cornell University, where I’m now in my sophomore year, in part to get away from all that. My classmate who allegedly made those heinous threats against Jews wanted us to cower in fear, or worse, return hate for hate.

Persons: Gabriel Levin, wasn’t Gabriel, ”, I’m, Cornell, Cornellians, Russell Rickford, I’ll Organizations: Cornell University, The Cornell Daily Sun, CNN, Cornell, Jewish, Cornell’s Center, Israel Defense Forces Locations: Orange County , California, Cornell, Gaza, Israel, Illinois, Los Angeles, New York

Washington CNN —President Joe Biden and his top national security officials are increasingly confronting questions about Israel’s commitment to minimizing civilian deaths and how scenes from Gaza could affect his domestic political standing. Already, Biden had been walking a tightrope in his support for Israel following the Hamas terror attacks on October 7. Biden has resisted calls for a ceasefire, including at the United Nations, and insists Israel has a “responsibility” to defend its citizens from terrorism. It also included attempts by US officials to interrogate Israel’s war plans, which appeared not fully developed to some. And I think everyone understands that,” Biden told reporters as he returned home from his brief trip to Israel on October 18.

Persons: Joe Biden, Biden, Benjamin Netanyahu, “ They’ve, “, John Kirby, Kirby, ”, Richard Hecht, CNN’s Wolf Blitzer, Hecht, Blitzer, ” Jeremy Konyndyk, Obama, ” Konyndyk, Netanyahu, Biden’s, Israel, Jake Sullivan, Israel’s, Antony Blinken, Lloyd Austin, ” Biden, CNN’s Priscilla Alvarez Organizations: Washington CNN, White, Israeli, National Security, Israel Defense Forces, Refugees International, USAID, IDF, ”, CNN, Democratic Party, United Nations, Hamas, Capitol Hill Locations: Gaza, Israel, –, Hamas, Egypt, United States, ”, Qatar, Europe, Tel Aviv

☆ Biden administration to crack down on ‘junk fees’ in retirement plans
▼ + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden administration is cracking down on so-called "junk fees" in retirement accounts. The "hidden costs" of financial conflicts in retirement plans amount to "junk fees," Lael Brainard, director of the White House National Economic Council, said during a press call Monday evening. watch now"It's time to get junk fees out of the retirement savings market," said Julie Su, acting secretary of the Labor Department, during the call. However, the Labor Department can regulate them if sold in a retirement account, according to a Biden administration official speaking on background. It's time to get junk fees out of the retirement savings market.

Persons: Julie A, Su, Tom Williams, Biden, There's, Lael Brainard, Julie Su, Sen, Bill Cassidy, Virginia Foxx, Anna Moneymaker, Obama Organizations: Labor, Health, Education, Washington , D.C, CQ, Inc, Getty, U.S . Department of Labor, Finance, Securities and Exchange Commission, Congressional Research Service, White, National Economic Council, Labor Department, Rep, Economic, SEC, Biden, Department of Labor Locations: Washington ,

☆ Sen. Cassidy: Xi Jinping is willing to sacrifice business certainty in order to maintain control
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Cassidy: Xi Jinping is willing to sacrifice business certainty in order to maintain controlSen. Bill Cassidy (R-La.) joins 'Squawk Box' to discuss a bipartisan Senate delegation's visit to China, their meeting with Chinese President Xi Jinping, what it means for companies doing business in China, Middle East conflict, and more.

Persons: Email Sen, Cassidy, Xi Jinping, Sen, Bill Cassidy Organizations: Email Locations: China, China , Middle

☆ All the people starting to turn on Trump are really starting to add up
▼ + stars: | 2023-10-25 | by ( Brent D. Griffiths | Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

The news that former White House chief of staff Mark Meadows is cooperating should concern Trump. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThus far, most of the investigations into Trump, especially his efforts to overturn the 2020 election, have relied on lower-ranking aides. Willis previously issued a sweeping indictment against Trump and his allies for trying to overturn Georgia's 2020 presidential election results. There's also the original Trump flipper, his former fixer Michael Cohen, who testified in Trump's civil fraud trial on Tuesday.

Persons: Donald Trump, Mark Meadows, Trump, —, Donald Trump's, Jack Smith's, Mark Bederow, it's, Cassidy Hutchinson, Meadows, Brad Raffensperger, Bederow, Mike Pence, Pence, MAGA expats, Jenna Ellis, Sidney Powell, Kenneth Chesebro —, Fani Willis, Willis, Georgia's, Ellis, Rudy Giuliani, Giuliani, There's, Michael Cohen, Cohen, spiller Organizations: White House, Service, Trump . ABC News, Bloomberg, Trump, Republican, Georgia, Capitol, New York Locations: Manhattan, Meadows, Washington, DC, Fulton County

All three are undefeated to start the NHL season, making some history in the process. It's the first time the league has had three teams open a season with at least six wins in a row. The Golden Knights scored twice in the final eight minutes of regulation Tuesday, rallying from down 2-1 to beat Philadelphia. “We’ve got talent, for one,” coach Bruce Cassidy said, when asked about the undefeated start. Colorado went into the season as the favorite to win the Stanley Cup, and Georgiev's play is a good early indicator of those chances.

Persons: “ We’ve, ”, Bruce Cassidy, That’s, We’ve, Patrice Bergeron, David Krejci, Connor Bedard, Jim Montgomery, ” Montgomery, they've, they're, Jared Bednar, Alexandar Georgiev, Vin A, Jay Cohen, Mark Anderson, ___ Organizations: Stanley, Vegas Golden Knights, Boston Bruins, Colorado Avalanche, NHL, Toronto Maple Leafs, Buffalo Sabres, Golden Knights, Philadelphia, Bruins, Blackhawks, Avalanche, New York Islanders, Colorado, AP Sports Locations: Chicago

☆ US senator asks 23andMe for details after reported data for sale online
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: 1 min

Attendees purchase DNA kits at the 23andMe booth at the RootsTech annual genealogical event in Salt Lake City, Utah, U.S., February 28, 2019. REUTERS/George Frey/File Photo Acquire Licensing RightsWASHINGTON, Oct 20 (Reuters) - The top Republican on the U.S. Senate's health committee has called on the chief executive of 23andMe (ME.O) to provide the panel with details after data from the family genetics website was advertised for sale on the dark web. Senator Bill Cassidy, the ranking member on the Senate Health, Education, Labor, and Pensions Committee, expressed concerns in a letter to CEO Anne Wojcicki, and asked for more information. A hacker advertised 23andMe data earlier this month, but 23andMe said in a statement that the company itself had not been breached. Reporting by Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.

Persons: George Frey, Bill Cassidy, Anne Wojcicki, 23andMe, Susan Heavey Organizations: REUTERS, Rights, Republican, 23andMe, Senate Health, Education, Labor, Pensions, Thomson Locations: Salt Lake City , Utah, U.S

☆ Bank stocks are very inexpensive from a valuations standpoint, says RBC's Gerard Cassidy
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank stocks are very inexpensive from a valuations standpoint, says RBC's Gerard CassidyGerard Cassidy, RBC Capital Markets head of U.S. bank equity strategy, joins 'Squawk Box' to discuss the earnings results from the financial sector, the impact on the economy, and more.

Persons: RBC's Gerard Cassidy Gerard Cassidy Organizations: Email Bank, RBC Capital Markets

To win, he'll need support from nearly every House Republicans, having few votes to spare in a chamber they only narrowly control. “One person says disruption," Jordan told The Associated Press in 2017. That helped him land a coaching job at Ohio State University before his election to the Ohio legislature in the mid 1990s. I never saw, never, heard of, never was told about any kind of abuse,” Jordan told Fox News in 2018, suggesting that the allegations against him were politically motivated. Jordan repeatedly cast doubt on the outcome of the contest while organizing the House Republican response.

Persons: Jim Jordan, John Boehner, he'd, Boehner, Jordan, Donald Trump, Kevin McCarthy, Jordan speakership, Liz Cheney, ” Cheney, ” Jordan, “, Bob Taft, —, Richard Strauss, Strauss, ” Adam DiSabato, DiSabato, “ Jim Jordan, “ He’s, Polly, I’m, ’ ”, Matt Huffman, Joe Biden, Biden, corruptly, Trump, Scott Perry, Bryan Cutler, Mike Pence, Cassidy Hutchinson, Mark Meadows, ” Trump, Hutchinson Organizations: WASHINGTON, —, Republican Party, Republican, Republicans, Capitol, Ohio State University, Associated Press, University of Wisconsin, GOP, Republican Gov, Caucus, Ohio State, Fox News, Congress, Trump, White, Committee, House Intelligence, ” Locations: “, Dayton, Ohio, Columbus, Congress, Washington, Russia, House, Pennsylvania

☆ Jeff Landry wins Louisiana governorship, flipping the state for Republicans
▼ + stars: | 2023-10-15 | by ( Alexandra Marquez | ) www.cnbc.com time to read: +3 min

Louisiana Attorney General Jeff Landry testifies during the House Judiciary Select Subcommittee on the Weaponization of the Federal Government hearing on March 30, 2023. Democrats' two-term hold on the governorship of Louisiana will come to an end next year after Republican state Attorney General Jeff Landry won the seat Saturday by capturing a majority in an all-party primary. ET, running far ahead on a ballot that featured 16 candidates, including Democrats, independents and Republicans. The victory precedes two more red state governor's elections this fall, including one in which Republicans hope to flip a seat. He was also endorsed by Edwards, the state Democratic Party and Democratic Rep.

Persons: Jeff Landry, Landry, Andy Beshear, Tate Reeves, Shawn Wilson, Donald Trump, Wilson, Stephen Waguespack, John Bel Edwards, Trump, Sen, Bill Cassidy, Steve Scalise, Clay Higgins, Mike Johnson, Edwards, Troy Carter, Joe Biden Organizations: Federal Government, Republican, Associated Press, Democratic, Republican Gov, Democratic Gov, GOP, Democratic Party, Democratic Rep, Republican Governors Association Locations: Louisiana, Kentucky, Mississippi

☆ Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
▼ + stars: | 2023-10-12 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Just as they did during the March regional banking crisis, higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures as institutions are forced to pay higher rates for deposits. The issue constrains the bank's interest revenue and has made the lender the worst stock performer this year among the top six U.S. institutions. Expectations on the impact of higher rates on banks' balance sheets varied. Still, others including KBW and UBS analysts said that other factors could soften the capital hit from higher rates for most of the industry. There's also concern that higher interest rates will result in ballooning losses in commercial real estate and industrial loans.

Persons: Jamie Dimon, Marco Bello, Christopher McGratty, David Konrad, McGratty, Morgan Stanley, Betsy Graseck, Konrad, Gerard Cassidy Organizations: JPMorgan Chase &, Reuters, JPMorgan Chase, Citigroup, Bank, Silicon Valley Bank, First, Bank of America, Comerica, Fifth Third Bank, KeyBank, UBS, RBC Locations: Miami , Florida, U.S, Wells Fargo, Silicon, First Republic

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