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☆ McConnell suggests 'discipline' for Dem senators pressuring Supreme Court over Alito flags
▼ + stars: | 2024-06-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Senate Minority Leader Mitch McConnell, R-Ky., suggested Wednesday that the Supreme Court should punish at least two Democratic senators over their calls for Justice Samuel Alito to recuse himself from key cases related to former President Donald Trump. Richard Blumenthal of Connecticut and Sheldon Whitehouse of Rhode Island are bound by court rules that "provide for discipline against those who engage in conduct unbecoming an officer of the court," McConnell said on the Senate floor. But McConnell singled out Blumenthal and Whitehouse because they are members of the Supreme Court bar. They are therefore "potentially engaged in unethical professional conduct before the court," McConnell said of Blumenthal and Whitehouse, both of whom are members of the Senate Judiciary Committee. The responses from Roberts and Alito confirm that they also viewed the communication as public, Whitehouse added.

Persons: Mitch McConnell, luncheons, Samuel Alito, Donald Trump ., Richard Blumenthal of, Sheldon Whitehouse, McConnell, Alito, Blumenthal, Whitehouse, John Roberts, Leonard Leo, Roberts, Dick Durbin, Clarence Thomas, Wednesday's Organizations: Democratic, Donald Trump . Sens, Richard Blumenthal of Connecticut, Trump, American, CNBC, Wall Street, Capitol, Durbin Locations: Ky, Washington, Rhode, Virginia

☆ Distracted pilots led to near collision on JFK runway, NTSB says
▼ + stars: | 2024-06-05 | by ( Pete Muntean | ) edition.cnn.com time to read: +2 min

The pilots of the Delta flight aborted their takeoff run following a frantic call from the air traffic controller in the tower. The two planes came within 1,400 feet of colliding, NTSB data released earlier this year found. It also follows two recent runway incursions at Ronald Reagan Washington National Airport, including one being investigated by the NTSB. Known as ASDE-X, the NTSB says the system helped stop the impending collision at JFK, but it is deployed at only 35 major airports in the United States. Such a recording would have provided key details about what happened, the NTSB said.

Persons: John F, Ronald Reagan, we’ve, Jennifer Homendy, Homendy Organizations: CNN, Kennedy International, National Transportation Safety Board, American Airlines Boeing, Delta Air Lines Boeing, NTSB, Federal Aviation Administration, JFK, Thursday’s NTSB, FedEx, Ronald Reagan Washington National Airport, FAA Locations: JFK’s, Thursday’s, Austin , Texas, Southwest, Ronald Reagan Washington, JFK, United States

☆ Trump’s Vows to Prosecute Rivals Put Rule of Law on the Ballot
▼ + stars: | 2024-06-05 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump says he is prepared to prosecute his political enemies if he is elected this fall. Simply making those threats, legal experts said, does real damage to the rule of law. The Justice Department is part of the executive branch, and he will be its boss. While the department has traditionally had substantial independence, that is only because presidents have granted it. If the legal system resists political prosecutions in a second Trump term, it will be largely because judges and jurors reject them.

Persons: Donald J, Trump Organizations: The Justice, Trump

☆ House Republicans Issue Criminal Referrals of Hunter and James Biden
▼ + stars: | 2024-06-05 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

House Republicans on Wednesday urged the Justice Department to charge Hunter and James Biden, the president’s son and brother, with making false statements to Congress in the impeachment inquiry against President Biden. The chairmen of three House committees recommended the action in a criminal referral sent less than a week after the conviction of former President Donald J. Trump on 34 felony counts in New York. Their allegations, which assert that both men made false statements to Congress about President Biden’s involvement in his family’s business dealings, appear to include misrepresentations of Hunter Biden’s testimony. They also accused Hunter Biden of perjury. The referrals carry no force of law, but House Republicans are hoping to influence the Justice Department, particularly if Mr. Trump takes it over, to carry out more prosecutions of the Biden family.

Persons: Hunter, James Biden, Biden, Donald J, Trump, Biden’s, Hunter Biden’s, Hunter Biden, Mike Johnson, General Merrick B, Garland Organizations: Republicans, Wednesday, Justice Department Locations: New York

CNN —The woman mayor of a town in western Mexico was shot dead Monday, authorities said, just hours after the country elected its first female president in a race marred by deadly attacks on candidates. Yolanda Sánchez Figueroa, mayor of Cotija in Michoacán state, was walking from a gym back to her house with her bodyguard when they were shot by people in a white van, the state attorney general said in a statement. Both Sánchez Figueroa and her bodyguard later died in hospital, it said, adding that an investigation has been launched. According to the think tank Mexico Evalua, around 95% of all crimes nationwide went unsolved in the country in 2022. Sánchez Figueroa had previously been kidnapped in September 2023 in the city of Zapopan, and was released three days later.

Persons: Yolanda Sánchez Figueroa, Sánchez Figueroa, Sánchez, Claudia Sheinbaum, Claudia Sheinbaum's, Pedro Pardo, Andrés Manuel López Obrador, Morena, “ Organizations: CNN, Getty, state’s Ministry of Public Security Locations: Mexico, Cotija, Michoacán, AFP, Zapopan

☆ U.S. appeals court rejects SEC oversight rule for private equity, hedge funds
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +3 min

Circuit Court of Appeals decided that the SEC exceeded its authority by adopting the rule in August 2023. The latest decision addressed rules covering private equity funds, hedge funds, venture capital funds and managers of funds for institutional investors such as pension funds and endowments, among others. Industry critics said this lack of transparency has hurt ordinary investors with indirect exposure to private funds, such as through pension and retirement plans. Private funds often attract well-heeled, sophisticated investors, and as a result have received less federal regulatory oversight than investments geared toward ordinary investors. In announcing the new rules, SEC Chair Gary Gensler said they would benefit "all investors, big or small, institutional or retail, sophisticated or not."

Persons: Gary Gensler Organizations: U.S . Securities, Exchange Commission, Securities and Exchange Commission, Circuit, Appeals, SEC, U.S, Democratic, Republican, National Association of Private Fund, Alternative Investment Management Association, American Investment Council, Trading Association, Association, National Venture Capital Association Locations: Washington ,, U.S, New Orleans

☆ Psychiatrist Henry Jarecki says he had 'consensual' relationship with Jeffrey Epstein victim
▼ + stars: | 2024-06-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Henry Jarecki attends The Accompanied Literary Society's Summer Benefit at The Hudson Sky Terrace at The Hudson Hotel in New York City, June 11, 2007. Famed psychiatrist and former commodities trader Henry Jarecki on Wednesday said he had a "consensual, non-secretive and mutually respectful relationship" with a victim of Jeffrey Epstein who is now suing Jarecki for allegedly raping and sex trafficking her. Jarecki, 91, said the consensual relationship with the woman occurred more than a decade ago. Jarecki's statement, sent to CNBC by his lawyer Sarita Kedia, came two days after the Epstein victim, identified as Jane Doe 11, filed a civil lawsuit against the married psychiatrist in Manhattan federal court. The suit seeks unspecified monetary damages for sexual battery, sex trafficking, and intentional infliction of emotional distress.

Persons: Henry Jarecki, Jeffrey Epstein, Jarecki, Epstein, Sarita Kedia, Jane Doe, I, Brad Edwards Organizations: Sky, CNBC Locations: New York City, Manhattan

☆ Black workers sue, claiming White racists run a General Mills plant in Georgia
▼ + stars: | 2024-06-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —General Mills, the manufacturer of Cheerios and other well-known cereals, is being sued by eight Black employees working at a Georgia plant who say it’s rampant with racism under the control of its White managers. In the federal lawsuit filed June 2, the employees accuse the managers at the Covington plant with favoring White employees for promotions over Black workers, issuing more disciplinary actions against Black employees and a manager calling them “colored,” a racist term. The lawsuit points to two White managers who “formed an organization of white employees in management and human resources called the ‘Good Ole Boys’” favoring White workers over their Black counterparts and going back as far as the 1980s. General Mills did not immediately respond to CNN’s request for comment. The plaintiffs are seeking a trial by jury and compensatory and punitive damages for hundreds of Black employees who have worked at the Covington plant.

Persons: Mills, “, General Mills, Jefferson Davis, Stonewall Jackson, White Organizations: New, New York CNN, White, Boys, Ku Klux, General Locations: New York, Georgia, Covington

☆ New Report Underscores the Seriousness of Long Covid
▼ + stars: | 2024-06-05 | by ( Pam Belluck | ) www.nytimes.com time to read: +1 min

One of the nation’s premier medical advisory organizations has weighed in on long Covid with a 265-page report that recognizes the seriousness and persistence of the condition for millions of Americans. More than four years since the start of the coronavirus pandemic, long Covid continues to damage many people’s ability to function, according to the National Academies of Sciences, Engineering and Medicine, a nongovernmental institution that advises federal agencies on science and medicine. “Long Covid can impact people across the life span, from children to older adults, as well as across sex, gender, racial, ethnic and other demographic groups,” it said, concluding that “long Covid is associated with a wide range of new or worsening health conditions and encompasses more than 200 symptoms involving nearly every organ system.”Here are some of the National Academies’ findings, drafted by a committee of 14 doctors and researchers:How many people have long Covid? The report cited data from 2022 suggesting that nearly 18 million adults and nearly a million children in the United States have had long Covid at some point. At the time of that survey, about 8.9 million adults and 362,000 children had the condition.

Persons: “ Organizations: National Academies of Sciences, Engineering, Medicine, National Academies Locations: United States

☆ Hunter Biden trial puts America’s addiction crisis back into focus
▼ + stars: | 2024-06-05 | by ( Josh Campbell | ) edition.cnn.com time to read: +5 min

Hunter Biden has pleaded not guilty to charges of illegally purchasing and possessing a gun while abusing or being addicted to drugs, a violation of federal law. Another question probed whether potential jurors or their close associates had ever sought treatment for drug use. During their, at times, emotional answers, prospective juror after juror described how drug use had afflicted people they knew. About 42% of adults in the United States say they personally know at least one person who died from a drug overdose, according to survey findings published earlier this year by the nonprofit research institute RAND Corporation. In addition to illuminating the sheer number of Americans impacted by addiction, Hunter Biden’s trial is also creating critical awareness around the very language used to describe drug use.

Persons: Hunter Biden, Wilmington’s J, Caleb Boggs, “, ”, Scott Hadland, Hunter Biden’s, Andy Mendenhall, Bob Day, McPhillips, Marshall Cohen, Jacqueline Howard Organizations: Mental Health Services Administration, CNN, RAND Corporation, Children, Concern, Portland Police Locations: Delaware, United States, Oregon

☆ Brooklyn man arrested in connection with illegal betting scheme involving former NBA player Jontay Porter, authorities say
▼ + stars: | 2024-06-05 | by ( Rob Frehse | ) edition.cnn.com time to read: +5 min

The complaint refers to the player as “Player 1,” though after a review of court documents, CNN has determined the player is former Toronto Raptors big man Jontay Porter, who two months ago was banned for life from the NBA. As alleged, the defendant and his co-conspirators, as well as an NBA player, participated in a brazen, illegal betting scheme that had a corrupting influence on two games and numerous bets,” US Attorney Breon Peace said. Porter was banned by the NBA in mid-April, with the league saying an investigation found Porter had violated betting rules. NBA said it investigated unusual betting patterns around PorterThe NBA announced in March it had opened an investigation into anomalies involving bets pertaining to Porter after unusual betting patterns around the player emerged. Porter had “violated league rules by disclosing confidential information to sports bettors, limiting his own participation in one or more games for betting purposes, and betting on NBA games,” NBA officials said.

Persons: Long Phi Pham, Pham, Jontay Porter, Pham –, Australia –, Michael Soshnick, Porter, Breon Peace, “, rico ”, Adam Silver, ” Silver Organizations: CNN, NBA, Toronto Raptors, of, rico, FBI Locations: Brooklyn, New York, Australia, Eastern, of New York

☆ Hunter Biden’s Laptop Makes a Brief Appearance at His Trial
▼ + stars: | 2024-06-05 | by ( Robert Draper | ) www.nytimes.com time to read: +1 min

At about 10:30 a.m. on Wednesday, a federal prosecutor, Derek Hines, brandished the headliner in question — Mr. Biden’s notorious laptop, a silver Apple MacBook Pro encased in a plastic cover. He waggled it about with his left hand while reminding a government witness, Erika Jensen, an F.B.I. special agent, of all the data that had been seized during the Department of Justice’s investigation of Mr. Biden. The jurors and courtroom spectators gazed at government Exhibit 16 as if expecting sparks to fly from it. Three seconds later, Mr. Hines returned the laptop to the prosecutors’ table, soon to be buried under a heap of other government evidence.

Persons: Hunter, Derek Hines, Erika Jensen, Mr, Biden, Hines Organizations: of

☆ Stocks making the biggest moves midday: CrowdStrike, GameStop, Dollar Tree, Nvidia and more
▼ + stars: | 2024-06-05 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity company popped 9% after posting a strong outlook and a first-quarter results beat. Dollar Tree — Shares of the discount retailer fell more than 4% after second-quarter guidance came in below expectations. Dollar Tree said it expected between $1 and $1.10 in adjusted earnings per share, while analysts surveyed by FactSet had penciled in $1.19 per share. Verint reported adjusted earnings of 59 cents per share on revenue of $221.3 million in the first quarter. Analysts surveyed by LSEG had anticipated just 54 cents in earnings per share and $214.5 million in revenue.

Persons: CrowdStrike, LSEG, FactSet, Kerrisdale, Brown, Forman, Verint, Tommy Hilfiger, PVH, Fadi Chamoun, Goldman Sachs, Goldman, KeyBanc, Lisa Kailai Han, Pia Singh, Yun Li, Sean Conlon, Jesse Pound, Samantha Subin Organizations: Hewlett Packard Enterprise, GameStop, AMC, Kerrisdale, FactSet, SAP, Archer Aviation, Federal Aviation Administration, Systems, Materials, KLA, Barclays, Taiwan Semiconductor Manufacturing, Authentic Brands, Old Dominion, BMO Capital Markets, Nvidia, America's, Jazz Pharmaceuticals Locations: China

☆ Jack Smith moved to gag Trump from claiming the FBI plotted his assassination. The motion could strategically reveal Judge Aileen Cannon's alleged bias.
▼ + stars: | 2024-06-05 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSpecial counsel Jack Smith and lawyers for Donald Trump are fighting over a proposed gag order that would prevent the former president from claiming the FBI plotted to assassinate him during their August 2022 raid on Mar-A-Lago. This story is available exclusively to Business Insider subscribers. "Judge Cannon has issued — or not issued — some very bizarre orders, but given that Judge Cannon has seemingly sided with Trump at every possible turn, I wouldn't be surprised if she did not issue this order." Representatives for Smith's office and lawyers for Trump did not respond to requests for comment from Business Insider.

Persons: —, Jack Smith, Donald Trump, Smith, Aileen Cannon, Cannon, Trump, George Conway, Kellyanne Conway, Ty Cobb, Tracy Pearson, Kevin McMunigal, McMunigal, Neama, Rahmani, Judge Cannon, Pearson, that's Organizations: Service, Trump, Business, Circuit, Washington Post, Trump White House, CNN, New York Times Locations: Mar

☆ Boeing CEO to testify in Senate hearing June 18
▼ + stars: | 2024-06-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing CEO Dave Calhoun will testify before a Senate panel on June 18 to answer lawmaker questions about whistleblower allegations and quality control at the aircraft maker as it navigates a safety crisis. The hearing comes after a company engineer alleged the assembly of Boeing's 787 Dreamliners put excessive stress on the planes and reduce their lifespans, allegations Boeing called inaccurate. "We are committed to fostering a culture of accountability and transparency while upholding the highest standards of safety and quality." Boeing has been trying to regain its footing in the wake of two deadly crashes of its bestselling 737 Max in 2018 and 2019. Calhoun in March said he would step down by year's end, part of a broad executive shake-up at the plane maker.

Persons: Dave Calhoun, Sen, Mark Warner, Calhoun's, Richard Blumenthal, Conn, Dreamliners, Max, Calhoun Organizations: Capitol, Washington , D.C, Boeing, Investigations, Federal Aviation Administration, Alaska Airlines, FAA Locations: Washington ,

☆ Senate GOP blocks bill to guarantee access to contraception
▼ + stars: | 2024-06-05 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +5 min

CNN —Senate Republicans voted Wednesday to block a bill put forward by Democrats that would guarantee access to contraception nationwide, as Democrats seek to highlight the issue in the run up to November’s elections. Lisa Murkowski and Susan Collins crossed over to vote with Democrats in favor of advancing the bill. Katie Britt and Ted Cruz introduced a bill called the IVF Protection Act in May, and Republican Sen. Joni Ernst has put forward a separate bill to promote access to contraception. “We will have an alternative that will make very clear that Republicans are for contraception,” Senate GOP Whip John Thune said. Ahead of the vote on the Democrat-led bill, Ernst attempted to pass her alternative contraception bill by unanimous consent, but the request was blocked by Democrats.

Persons: Lisa Murkowski, Susan Collins, Schumer, It’s, GOP Sen, John Cornyn, …, Roe, Wade, –, “, Chuck Schumer, ’, ”, Illinois Democratic Sen, Tammy Duckworth, Katie Britt, Ted Cruz, Republican Sen, Joni Ernst, John Thune, Ernst, Democratic Sen, Patty Murray, Britt, Murray, Democratic Sens, Ed Markey, Mazie Hirono, Duckworth, CNN’s Brenda Goodman Organizations: CNN, Republicans, GOP, “, Democratic, state’s, Illinois Democratic, Republican, Democrat, US Food and Drug Administration, Health, Education, Labor, Women’s Freedoms Locations: Texas, Alabama, implanting

☆ NYPD preparing to revoke Trump's license to carry 3 pistols: report
▼ + stars: | 2024-06-05 | by ( Lloyd Lee | Laura Italiano | ) www.businessinsider.com time to read: +1 min

Former President Donald Trump is a convicted felon after the recent verdict in the hush-money trial. Trump's New York license to carry a concealed weapon was already suspended last year, CNN reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump's New York license to carry a weapon is likely about to be revoked by the New York Police Department, CNN reported. A senior police official told CNN that the NYPD is preparing to strip away the former president's license following his recent conviction in the hush-money trial.

Persons: Donald Trump, Trump's, —, Donald Trump's, Trump, Stormy Daniels Organizations: CNN, Service, New York Police Department, Business Locations: York, Manhattan

☆ Opinion | To Win on Immigration, Biden Must Move the Debate Beyond the Border
▼ + stars: | 2024-06-05 | by ( Andrea R. Flores | ) www.nytimes.com time to read: +1 min

On Tuesday, President Biden issued a proclamation that gives the Department of Homeland Security the authority to temporarily block migrants from seeking asylum between ports of entry at the United States-Mexico border. The president’s decree echoes a 2018 Trump-era policy that invoked the same powers to deny protections to people seeking asylum between ports of entry. Mr. Biden may think that shutting the border to asylum seekers will improve his standing with voters. Rather than reduce unauthorized migration, his policy will likely push people to cross at more dangerous areas along the border. Though there’s little to be done now about this recycled immigration policy, Mr. Biden has a moral obligation to use his legal authority to protect the communities he promised to defend four years ago while on the campaign trail.

Persons: Biden Organizations: of Homeland Security, Trump, American Civil Liberties Union Locations: United States, Mexico

☆ People are exiting the stock market in droves
▼ + stars: | 2024-06-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The US stock market is shrinking, and investors are pulling their money out at a near-record pace as storm clouds gather over the US economy. A shrinking market: The stock market isn’t the economy (for the most part). Fear is currently driving the US market, according to CNN’s Fear and Greed Index. “We really need to consider: Is this the outcome we want?”CEOs are making almost 200 times what workers areCEOs raked in fat pay packages last year as the US stock market boomed, reports my colleague Matt Egan. Economists were expecting job openings to register 8.36 million, according to FactSet estimates.

Persons: ”, Morgan Stanley, Lisa Shatlett, We’ve, Torsten Slok, Jamie Dimon, Dimon, “, Matt Egan, Bosses, Alicia Wallace Organizations: CNN Business, Bell, New York CNN, titans, Bank of America, Morgan Stanley Wealth Management, Federal, Dow, Apollo Global Management, Privately, JPMorgan, Associated Press, Workers, Bureau of Labor Statistics ’, Labor, Federal Reserve Locations: New York, Nantucket, That’s

Hunter Biden, son of U.S. President Joe Biden, arrives at the federal court on the opening day of his trial on criminal gun charges in Wilmington, Delaware, U.S., June 3, 2024. Top House Republicans on Wednesday sent criminal referrals to the Justice Department recommending President Joe Biden's son Hunter Biden and brother James Biden be charged with making false statements to Congress. In his prepared opening statement at the deposition, Hunter Biden pushed back at the basis of the committee's impeachment inquiry. NBC News has reached out to the Justice Department and a representative of James Biden for comment. Hunter Biden and his attorney were in court in Wilmington and could not immediately be reached.

Persons: Hunter Biden, Joe Biden, James Comer, Jim Jordan, Jason Smith, Hunter, James Biden, Donald Trump, General Merrick Garland, David Weiss, Weiss, Joe Biden's, Robert K, Hur, Mike Johnson, Biden, he'd, Hunter Biden's, Tony Bobulinski, Abbe Lowell Organizations: Committee, Top, Republicans, Wednesday, Justice Department, Rep, GOP, NBC Locations: Wilmington , Delaware, U.S, Ohio, New York, Delaware, Washington ,, Wilmington

☆ With Big Tech’s runaway 2024, it just might be time to part with a few winners. Here's why
▼ + stars: | 2024-06-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Those highly appreciated positions can change the risk profile of your portfolio, particularly if it's been a long time since you last rebalanced. Managing the tax hit Trimming heavily appreciated positions in a portfolio that's held in a taxable account may come with a capital gains hit. One potential way to mitigate the tax is to use realized losses to offset those capital gains. In a year when losses exceed capital gains, investors can apply up to $3,000 of those losses to offset ordinary income and then carry over the remainder. Normally, these holdings would be the ones subject to the heftiest capital gains taxes if they were sold.

Persons: Blair duQuesnay, it's, Morningstar, Amy Arnott, Arnott, Roger Aliaga, Diaz, We've, Aliaga, Russell Organizations: Nvidia, Ritholtz Wealth Management, CNBC's, Vanguard, Investors, Federal Reserve, Bond Market, SEC, Aggregate Bond, U.S, Taxpayers Locations: New Orleans

☆ These 38 GOP senators just voted against protecting contraception. Here's why.
▼ + stars: | 2024-06-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Read previewThe Senate failed on Wednesday to advance a bill designed to protect access to contraceptives nationwide. Just two Republican senators — Susan Collins of Maine and Lisa Murkowski of Alaska — voted with Democrats to advance the bill. Advertisement"Do people really think that even a significant minority of the Republican conference is against access to contraception?" AdvertisementBut still — if Republicans aren't against contraception, why won't they just vote for the bill? Glenn Youngkin of Virginia vetoed a bill to protect access to contraception, arguing that it violated principles of religious freedom.

Persons: —, — Susan Collins of, Lisa Murkowski, Alaska —, Chuck Schumer, Republican Sen, Thom Tillis, — Schumer, it's, Tillis, Griswold, Roe, Wade, Clarence Thomas, They've, James Lankford, Lankford, Sen, Rick Scott of, Glenn Youngkin, John Barrasso of, John Barrasso of Wyoming Marsha Blackburn of Tennessee John Boozman, Arkansas Ted Budd of, Carolina Shelley Moore Capito, West Virginia Bill Cassidy, Louisiana John Cornyn, Texas Tom Cotton, Arkansas Kevin Cramer of, Arkansas Kevin Cramer of North Dakota Mike Crapo, Idaho Ted Cruz of, Idaho Ted Cruz of Texas Steve Daines, Montana Joni Ernst, Iowa Deb Fischer, Nebraska Chuck Grassley, Josh Hawley, Missouri John Hoeven of, Missouri John Hoeven of North Dakota Cindy Hyde, Smith, Mississippi Ron Johnson, Wisconsin James Lankford, Oklahoma Mike Lee, Utah Cynthia Lummis, Wyoming Roger Marshall of Kansas Mitch McConnell, Kentucky Markwayne Mullin, Oklahoma Rand Paul of Kentucky Pete Ricketts, Nebraska Jim Risch, Idaho Mike Rounds, South Dakota Marco Rubio, Eric Schmitt, Missouri Rick Scott, Florida Tim Scott of, Florida Tim Scott of South Carolina John Thune of, Florida Tim Scott of South Carolina John Thune of South Dakota Thoms Tillis, North Carolina Tommy Tuberville, Alabama Roger Wicker, Mississippi Todd Young, Mike Braun, Indiana Katie Britt, Alabama Lindsey Graham of, Alabama Lindsey Graham of South Carolina Bill Hagerty, Tennessee John Kennedy, Louisiana Jerry Moran of, Louisiana Jerry Moran of Kansas Mitt Romney, Utah Dan Sullivan, Alaska JD Vance, Ted Budd Organizations: Service, Nine Republicans, Democratic, Republican, Business, Republicans, GOP, Oklahoma Republican, Democrats, Republican Gov, Arkansas Kevin Cramer of North, Nebraska, Kentucky, Oklahoma, South, Florida Tim Scott of South Carolina John Thune of South Dakota, North, Alabama Lindsey Graham of South Locations: — Susan Collins of Maine, Alaska, North Carolina, . Connecticut, James Lankford of Oklahoma, Oklahoma, Rick Scott of Florida, Virginia, John Barrasso of Wyoming, Arkansas, West, Louisiana, Texas, Arkansas Kevin Cramer of North Dakota, Idaho, Idaho Ted Cruz of Texas, Montana, Missouri, Missouri John Hoeven of North Dakota, Mississippi, Wisconsin, Utah, Wyoming, Nebraska, South Dakota, Florida, Florida Tim Scott of South Carolina, Florida Tim Scott of South Carolina John Thune of South, Alabama, Indiana, Alabama Lindsey Graham of South Carolina, Tennessee, Louisiana Jerry Moran of Kansas, Ohio

☆ CNBC Daily Open: Roaring Kitty's wealth, Modi's victory
▼ + stars: | 2024-06-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

The S&P 500 inched up 0.15% and the Nasdaq Composite did marginally better, up 0.17%. Bath & Body Works was the worst-performing stock on the S&P 500, plunging almost 13% on disappointing guidance. With his 5 million shares of GameStop, if he were to exercise his 120,000 call options at $20 apiece, that would give him an additional 12 million shares — making him the fourth-largest shareholder in the games retailer. [PRO] June highThe S&P 500 will rally to fresh all-time high of 5,500 by the end this month, according to Fundstrat Global Advisors' Tom Lee. With the S&P 500 finishing Monday's trading session at 5,283.40 the forecast calls for upside of 4%.

Persons: Modi, Narendra Modi, Modi's, Keith Gill, Gill, Elon Musk, Tesla, Musk, Tom Lee, CNBC's Pia Singh, what's Organizations: CNBC, Dow Jones, Nasdaq, Body, Treasury, Bharatiya Janata Party, BJP, National Democratic Alliance, GameStop, Nvidia, Federal Reserve, Fundstrat Global Locations: Tesla

☆ Stock market today: S&P 500 closes at record high as rate cut hopes rise and Nvidia surges
▼ + stars: | 2024-06-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks jumped on Monday as traders took in an improved outlook for Fed rate cuts. Investors see two rate cuts in 2024, per the CME FedWatch tool. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Expectations for rate cuts have been bolstered by a cooling labor market, which gives the Federal Reserve room to losen monetary policy. "Investors are viewing slow economic data as 'goldilocks,' with growing hope for Fed rate cuts," Mark Hackett, Nationwide's chief of investment research said in a statement on Wednesday.

Persons: —, Nvidia's, Mark Hackett, Nationwide's Organizations: Service, Nasdaq, Reserve, Apple, Microsoft, Bureau of Labor Statistics

☆ Stock futures are little changed after S&P 500 notches record close: Live updates
▼ + stars: | 2024-06-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024. Stock futures hovered near the flatline in overnight trading after the S&P 500 notched a new record closing high thanks to a rally in artificial intelligence chip darling Nvidia . Futures tied to the S&P 500 rose nearly 0.1%, while Nasdaq-100 futures inched up 0.1%. Lululemon jumped 10% in extended trading on as the sportswear manufacturer beat expectations in its fiscal first quarter. The S&P 500 jumped 1.18% to close at 5,354.03.

Persons: Lululemon, Stocks, Rubin, Aswath Damodaran, nonfarm Organizations: New York Stock Exchange, Stock, Futures, Nasdaq, Dow Jones, Nvidia, Apple, New York University, Federal Reserve, ADP

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