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☆ Jim Cramer says these stocks and sectors could benefit if Trump is elected president again
▼ + stars: | 2024-06-28 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

CNBC's Jim Cramer said Friday there are stocks and sectors that would benefit if Donald Trump were to become president again. If you think Trump will win the White House, Cramer said, "That means you can go buy the banks. That means you can go buy the natural gas and energy stocks," as well as Big Tech. Cramer also said Tesla might fare better under Trump and Biden because Trump is not pro-union. China Trump has said he would be even tougher on China if he were re-elected.

Persons: CNBC's Jim Cramer, Donald Trump, Cramer, —, Joe Biden, Biden's, Biden, he's, Rather, Trump, Banks, Wells Fargo, Morgan Stanley, Nextracker, China Trump Organizations: Trump, Investing Club, Top, CNBC, White, Big Tech, Biden, Kroger, Albertsons, Capri, Disney, Club, House . Energy, New, Energy, Ford, The, Nike, Starbucks Locations: China

President Joe Biden delivers remarks during the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. Many of the Democratic Party's top fundraisers are privately sounding the alarm after President Joe Biden's disappointing debate performance Thursday against Republican former President Donald Trump. CNBC began hearing from worried Democratic campaign donors and fundraisers less than 20 minutes into the 90-minute debate hosted by CNN. "Game over," said a longtime Democratic campaign advisor, who has been raising money for congressional leaders for over a decade and helped raise money for Biden's 2020 White House bid. Biden's campaign co-chair Mitch Landrieu told NBC News this was because the president had a cold.

Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Biden's, He's, doesn't, Jaime Harrison, Ronald, Reagan, George W, Bush, Barack, Obama, I've, we've, Jack Tapper, Tapper, Mitch Landrieu, Landrieu, Kamala Harris, Trump, Kate Bedingfield Organizations: CNN, CNN Studios, Democratic, Republican, CNBC, Democratic National, NBC News, Patrol, Democratic National Convention, White House Locations: Atlanta , Georgia

☆ Drug store chains pushed out independent pharmacies. Here’s why they’re now closing too
▼ + stars: | 2024-06-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

The latest closures are part of a larger downturn, not just for Walgreens, but for other drug store chains, too, after years of expansion. Shifting trendsDrug store chains are struggling because of falling reimbursement rates for prescription drugs, according to analysts who cover the industry. But their profits from that business have dropped in recent years because of lower reimbursement rates for prescription drugs and higher fees. Dollar General’s growth has also hurt drug store chains in rural areas. When pharmacies close, some patients have to travel farther to get the medications they need.

Persons: Walgreens, Tim Wentworth, “, ” Wentworth, Elizabeth Anderson, PBMs, ” Anderson, VIllageMD Organizations: New, New York CNN, Walgreens, Wall Street, CVS, IRI, Amazon, Walmart, Costco, American Medical Association Locations: New York, United States, VillageMD

CNN —Bolivia has arrested more than a dozen high-ranking military and intelligence officials following a failed attempt to unseat the country’s president in a coup allegedly led by its former army chief. All three men are among 17 people arrested so far in connection with Wednesday’s events – most of them members of the military, the report says. Other top officials arrested include military intelligence chief Julio Buitrago. As he was being arrested Zúñiga alleged – without providing evidence – that he was acting on Arce’s instructions. The investigation into Wednesday’s events will continue until all “participants” in the coup are identified, according to the Bolivian government report.

Persons: Juan Jose Zúñiga, Juan Arnez, Julio Buitrago, Jorge Bernal, Zúñiga –, Luis Arce –, Zúñiga, Arce, Ivan Lima, Zúñiga’s, “, Aizar Raldes, Edmundo Novillo, Evo Morales Organizations: CNN, Military, Plaza Murillo, Bolivian, Getty, Air Force Locations: Bolivia, Bolivian, American, Quemado, La Paz, AFP, La Paz , Bolivia

☆ The Big Number: $5 Billion
▼ + stars: | 2024-06-28 | by ( Santul Nerkar | ) www.nytimes.com time to read: +1 min

Volkswagen, the German car company, said this week that it would invest up to $5 billion in Rivian, the American electric vehicle manufacturer that makes electric pickup trucks, sport utility vehicles and delivery vans. The deal will help Rivian, which has never turned a quarterly profit, make more electric vehicles and help convince investors of its stability. Rivian, which was founded in 2009 as Mainstream Motors, had billions in investments by 2021, including from Amazon, BlackRock and Ford. But as the case with many new electric vehicle companies, Rivian has also experienced hiccups in trying to ramp up to production, made harder by supply chain issues during the pandemic. In March, Rivian said it would pause construction of a $5 billion factory in Georgia to save money.

Persons: Rivian Organizations: Volkswagen, Motors, Amazon, BlackRock, Ford Locations: Rivian, Georgia, Normal

☆ Democrats are freaking out after Biden's debate performance
▼ + stars: | 2024-06-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Read previewPresident Joe Biden wanted the earliest major presidential debate in history. Biden turned in a performance so disastrous that prominent Democrats are questioning if the president can even go on. Advertisement"It was a really disappointing debate performance from Joe Biden," Kate Beddingfield, Biden's former White House communications direction, said shortly after Axelrod. I loved Joe Biden, I worked for Joe Biden," Jones said. Related storiesOne former White House aide told Politico that Biden's performance was "terrible."

Persons: —, Joe Biden, Biden, Obama White, David Axelrod, Axelrod, Biden's, Kate Beddingfield, Van Jones, Jones, Kamala Harris, Harris, Anderson Cooper, Donald Trump, Robert Hur, Michael Hardaway, Hakeem Jeffries, — Michael Hardaway, Quentin James, James, Andrew Yang, it's, Eugene Daniels, wasn't, Biden relishes, Hur, Obama didn't, Obama's, David Plouffe Organizations: Service, Fox News, Obama, CNN, Business, White House, Major, Trump, White, Politico, Union, Collective PAC, New York Times, Times, Democratic, Georgia Tech's Locations: Iowa, Georgia

☆ There is one European country where Taylor Swift didn't change the economy so far
▼ + stars: | 2024-06-28 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTaylor Swift's Eras Tour has made it to five European countries so far. Portugal, Spain, and Sweden's hotel prices in May increased several times' their 2021-2023 average. The Eras tour has had a massive economic impact on other countries. In Chicago, Eras tour dates led to 96.8% hotel room occupancy, an all-time high for the city, per the BMI report.

Persons: —, Swift, QuestionPro, concertgoers, Taylor Swift's, Ben Julius Organizations: Service, BMI, Fitch Solutions, Business, Philadelphia Federal Reserve, MBI, Tourist Italy Locations: France, Portugal, Spain, Paris, Lyon, Netherlands, Ireland, Austria, Switzerland, Chicago, Italy, Milan

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

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

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

☆ Rural retailer Tractor Supply eliminates DEI roles, Pride support and carbon emissions goals
▼ + stars: | 2024-06-28 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Shoppers are seen at the parking lot of a Tractor Supply Co. store near Bloomsburg. Tractor Supply is also retiring initiatives aimed at reducing environmental impact and improving employee diversity. Tractor Supply said it's making the changes to better represent the values of the communities and customers it serves. "Rural communities are the backbone of our nation and what make America great," Tractor Supply said in the news release. CNBC contacted Tractor Supply for more details about the changes, and the company declined to comment beyond the release.

Organizations: Tractor Supply Co, Bloomsburg . Tractor, Human Rights, Pride, Human, Pride Month, Tractor Supply, ", FFA, CNBC, Supreme, Starbucks, Disney, Target, Pfizer, Associated Press Locations: Bloomsburg, America

☆ Opinion | To Serve His Country, President Biden Should Leave the Race
▼ + stars: | 2024-06-28 | by ( The Editorial Board | ) www.nytimes.com time to read: +1 min

President Biden has repeatedly and rightfully described the stakes in this November’s presidential election as nothing less than the future of American democracy. Mr. Biden has said that he is the candidate with the best chance of taking on this threat of tyranny and defeating it. His argument rests largely on the fact that he beat Mr. Trump in 2020. That is no longer a sufficient rationale for why Mr. Biden should be the Democratic nominee this year. Voters, however, cannot be expected to ignore what was instead plain to see: Mr. Biden is not the man he was four years ago.

Persons: Biden, Donald Trump, Trump, Mr Organizations: Democratic

☆ Marilyn Monroe's Los Angeles home has been saved from demolition. Here's what it looks like today.
▼ + stars: | 2024-06-28 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Marilyn Monroe's home in Brentwood, California, was ruled a landmark by the LA City Council. The current owners sued the city for the right to demolish it to expand their home next door. AdvertisementIn 1962, Marilyn Monroe, one of the most iconic figures in American culture, was found dead inside her home in Brentwood, a neighborhood in Los Angeles. Sixty-two years later, the Los Angeles City Council ruled that her former home should be declared a historical cultural monument, as Variety reported. The Los Angeles Times reported the couple bought the home in July 2023 for $8.35 million.

Persons: Marilyn Monroe's, Monroe, —, Marilyn Monroe, Brinah Milstein Organizations: LA City Council, Service, Los Angeles City Council, Variety, Roy Bank, City, Los Angeles Times, Business Locations: Brentwood , California, Brentwood, Los Angeles

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

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

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

☆ Hezbollah has the weapons to carry out its threat against Cyprus
▼ + stars: | 2024-06-28 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

The threat against Cyprus is also an indirect threat against NATO member Greece, which has close ties with Israel. "Although the Republic of Cyprus and Israel have enjoyed strategic cooperation for years, the current timing is crucial. "The Republic of Cyprus is able to expose the tactics of Hezbollah at the EU level and simultaneously seek support by the US." Jack Guez/Getty ImagesNevertheless, Hezbollah could harm Cyprus if it carries out its threat. Related stories"The Israeli capacity to shoot down Hezbollah's drones in 2022 could be a model for the Republic of Cyprus," Tzogopoulos said.

Persons: —, Hassan Nasrallah, George Tzogopoulos, Tzogopoulos, Nasrallah, Jack Guez, Mark III, Nicholas Heras, Heras Organizations: Service, NATO, Israel, Cypriot, Business, Hezbollah, European Union, UN, Sovereign Base, EU, Cypriot National Guard, New Lines Institute, Israeli Air Force, New Lines, Israeli Defense Forces Locations: Iran, Lebanon, Republic of Cyprus, Cyprus, Greece, Israel, Turkey, Turkish Republic of Northern Cyprus, United Kingdom, Akrotiri, EU, Gaza, Russian, Nicosia, Iranian Fateh, Yemen, Syria, NATO

☆ Mikhail Baryshnikov on Leaving Everything Behind
▼ + stars: | 2024-06-28 | by ( Javier C. Hernández | ) www.nytimes.com time to read: 1 min

On the night of June 29, 1974, after a performance with a touring Bolshoi Ballet troupe in downtown Toronto, Mikhail Baryshnikov made his way out a stage door, past a throng of fans and began to run. Baryshnikov, then 26 and already one of ballet’s brightest stars, had made the momentous decision to defect from the Soviet Union and build a career in the West. agents — and audience members seeking autographs — as he rushed to meet a group of Canadian and American friends waiting in a car a few blocks away. “That car took me to the free world,” Baryshnikov, 76, recalled in a recent interview. “Soviet Dancer in Canada Defects on Bolshoi Tour,” The New York Times declared on its front page.

Persons: Mikhail Baryshnikov, Baryshnikov, —, ” Baryshnikov Organizations: Bolshoi Ballet, Tour, The New York Times Locations: Toronto, Soviet Union, West, Soviet, Canada

☆ Opinion | Joe Biden Is a Good Man and a Good President. He Must Bow Out of the Race.
▼ + stars: | 2024-06-28 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +2 min

I watched the Biden-Trump debate alone in a Lisbon hotel room, and it made me weep. I cannot remember a more heartbreaking moment in American presidential campaign politics in my lifetime — precisely because of what it revealed: Joe Biden, a good man and a good president, has no business running for re-election. And Donald Trump, a malicious man and a petty president, has learned nothing and forgotten nothing. The Biden family and political team must gather quickly and have the hardest of conversations with the president, a conversation of love and clarity and resolve. The Republican Party — if its leaders had an ounce of integrity — would demand the same, but it won’t, because they don’t.

Persons: Joe Biden, Donald Trump, Biden, Trump, Kamala Harris Organizations: Biden, Trump, Democratic National Convention, Republican Party, Democrats, Democratic, Atlanta, America Locations: Lisbon, America, Chicago

☆ You can't kill Coach
▼ + stars: | 2024-06-28 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

Mandy Moore carries a Coach bag in 2006. And with fewer people buying Coach bags, consumer ideas of the brand shifted. Keel, who purchased her first Coach accessory — a discounted cardholder from Coach Outlet — around that time, remembers the change in the brand's perception vividly. AdvertisementKate Bauer, a 29-year-old from Toronto, collects vintage Coach bags that she exclusively buys secondhand. She told BI that the importance of old Coach styles to the brand's current business has never been clearer.

Persons: —, Paris Hilton, I'd, Gilbert Carrasquillo, Lil Nas X, Gen Z, Erin Keel, Lillian Cahn, Miles Cahn, Lillian, Bonnie Cashin, Lew Frankfort, Mandy Moore, Michael Loccisano, Michael Kors, Kate Spade, Victor Luis, Keel, Chanel, wasn't, — Luis, Jide J, Zeitlin, — Todd Kahn, Coach, Camila Mendes, Beth Goldstein, Gen, Kate Bauer, Edward Berthelot, Goldstein Organizations: Business, Leatherware, —, North, BI Locations: New York City, Los Angeles, Frankfort, Toronto

Former President Donald Trump is the clear favorite when it comes to the stock market, according to the latest results of CNBC's Delivering Alpha Stock Survey. Of the 400 investors, traders and money managers polled, 67% said Trump would be better for stocks than President Joe Biden. The S&P 500 rose 68% during Trump's four years in office versus the 44% gain so far under Biden's administration. Seventy-seven percent of the survey respondents said they trusted the central bank to do right by the American economy, but 23% said they didn't trust the Fed. The 400 money managers who took the survey were evenly split on where they stand on the direction of the S&P 500 and Nasdaq.

Persons: Donald Trump, Trump, Joe Biden, there'll, we're Organizations: Alpha Stock Survey, Nasdaq, Biden, Federal Reserve

☆ At Olympic Team Trials, U.S.A. Gymnastics Gets Warm and Fuzzy
▼ + stars: | 2024-06-28 | by ( Juliet Macur | Desiree Rios | ) www.nytimes.com time to read: +1 min

Just before this week’s United States Olympic gymnastics team trials, a very eager worker flew to the host city of Minneapolis with protein treats, a collection of colorful bandannas and a stuffed turtle. His job is to destress the American gymnasts at their major events, including trials, the competition that will determine the United States team for next month’s Paris Olympics. “Beacon, I just love you so much!” the national team gymnast Joscelyn Roberson said as she laid down next to him for 30 minutes after a training session at the recent national championships in Fort Worth. Gymnastics can do for us.”Beacon, handled by his human, Tracey Callahan Molnar — who is a former rhythmic gymnast and a longtime coach — plays a warm and fuzzy role in an effort by U.S.A. Gymnastics to promote a culture that protects the well-being of its athletes.

Persons: ”, Joscelyn Roberson, “, Tracey Callahan Molnar —, — Organizations: United States Olympic, United States, “, Gymnastics Locations: Minneapolis, Fort Worth

☆ Key lines from CNN’s presidential debate
▼ + stars: | 2024-06-28 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +17 min

CNN —In CNN’s presidential debate, President Joe Biden was halting and, at times, trailed off and confused words, feeding a nagging narrative about his fitness for the presidency. Trump said Biden couldn’t drive a golf ball 50 yards, and Biden challenged Trump to a golf match but only if Trump carries his own clubs. We’ve got to take a look at what I was left when I became president, what Mr. Trump left me. -TrumpBiden said Trump deserves blame for watching the riot at the Capitol unfold for hours without doing anything to intervene. They’ve had meetings and they voted who’s the worst president in American history.

Persons: Joe Biden, Donald Trump, overinflated, Trump, Biden, ” Trump, “, …, Trump’s, Jake Tapper, Dana Bash, We’ve, Biden Trump, Trump Trump, We’d, I’ve, –, ”, Roe, Wade, You’ve, It’s, Trump Biden, ” Biden, Beau, John Kelly, Vladimir Putin’s, Putin, Volodymyr, Zelensky, There’s, Gaza Biden, Israel, “ I’ve, Tapper, we’re, We’re, Hunter, Joe, you’re, Biden Biden, E, Jean Carroll, Daniels, ” –, reimbursements, Hitler Biden, Hitler’s, flabbergast Biden, They’ve, That’s Organizations: CNN, Trump Biden, Trump, Medicare, Social Security, Republicans, Trump Trump, Biden, Democrats, White House, Ukraine Trump, Ukraine, Hamas, Bash Locations: Atlanta, freefall, Iraq, France, Ukraine, Soviet Union, Israel, Gaza, Palestinian, United States, New York, Charlottesville , Virginia, “

☆ Step into the daily lives of Canyon Coffee's cofounders. Here's how they balance business, family, and finances.
▼ + stars: | 2024-06-28 | by ( Sponsor Post | Sponsored Apple Card | ) www.businessinsider.com time to read: +10 min

4 You can choose to direct Daily Cash to a Savings account or to an Apple Cash card. By opening a Savings account, Apple Card Owners and Co-Owners are affirmatively electing to have all future Daily Cash automatically deposited into their respective Savings account. Daily Cash may not be divided between Apple Cash Card and Savings accounts. To access and use all Apple Card features and products available only to Apple Card users, you must add Apple Card to Wallet on an iPhone or iPad that supports and has the latest version of iOS or iPadOS. If you reside in the U.S. territories, please call Goldman Sachs at 877-255-5923 with questions about Apple Card.

Persons: Wojtalewicz, Ally Walsh, Casey, Ally, Casey Wojtalewicz, she'll, they're, Daily Cash, Cash, Goldman Sachs Organizations: Apple, Apple Card, Coffee, Savings, Daily, Insider Studios, Goldman Sachs Bank, Salt Lake City Branch, FDIC, Green Dot Bank, Branch, Member FDIC, Apple Cash Card, Minor Outlying Locations: Los Angeles, Echo Park, LA, Salt Lake City, Daily, Salt Lake, American Samoa, Guam, Northern Mariana Islands, United States, U.S

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

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

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

☆ A Nobel Prize-winning economist breaks down exactly how Trump's proposed policies could make inflation worse
▼ + stars: | 2024-06-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewNobel Prize-winning economist Joseph Stiglitz told Business Insider the US economy is "remarkably strong." "I think general consensus, not just my view, but almost anybody modeling what is going on would say the Trump administration would be more inflationary," Stiglitz told BI. AdvertisementStiglitz noted Trump's promise of large increases in tariffs as one of the things that could make inflation worse. AdvertisementA third factor that could juice inflation would be the "drastic reductions in immigration" that Trump has proposed, Stiglitz said. Outside of the risks to inflation, Stiglitz said a Trump presidency could also mean a slowing GDP.

Persons: —, Joseph Stiglitz, Stiglitz, Trump, Axios, Joe Biden, Trump's, Karoline Leavitt Organizations: Service, Democratic, Republican, Business, Trump, U.S, Republicans, CNN Locations: U.S

☆ A shower just for your dog is the new home status symbol
▼ + stars: | 2024-06-28 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

While healthcare and food constitute the majority of pet owner expenses, a new trend has emerged: dedicated pet wash stations. Related storiesDepending on the level of luxury, pet wash stations can cost homeowners between $400 and $2,000 to DIY, according to home-maintenance site The Spruce. The materials that will be used in a pet shower being developed by Highland Homes. Therefore, it's not surprising that many are enhancing their appeal by incorporating tailored features like pet wash stations into their builds. AdvertisementA dog spa in a Highland Homes property.

Persons: —, Sanju, Surtani, We've, that's, DINKWAD, homebuilders, it's Organizations: Service, Business, Highland Homes, National Association of Real Estate, Homes, American Pet Products Association, Highland Locations: Highland, Highland Homes

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

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

☆ The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says
▼ + stars: | 2024-06-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The economy is already in a "selective recession," according to JPMorgan's Matthew Boss. The top 10% of American earners have gained more than $30 trillion in wealth since 2020, Fed data shows. AdvertisementThe US economy is being split by a "selective recession," as some consumers see "huge" wealth creation while others struggle to get by, according to JPMorgan analyst Matthew Boss. The equity analyst pointed to the divide between low-income and high-income consumers. High-income consumers are thriving, evidenced by the $40 trillion worth of spending they're driving into the economy, which is around half of all consumer spending in the US, Boss estimated.

Persons: JPMorgan's Matthew Boss, —, Matthew Boss Organizations: Service

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