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☆ Wall Street has purchased hundreds of thousands single-family homes since the Great Recession. Here's what that means for rental prices
▼ + stars: | 2023-02-21 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers believe that Wall Street needs to back away from the market. Khanna is the lead author of the Stop Wall Street Landlords Act of 2022. "What's outrageous is your tax dollars are helping Wall Street buy up single-family homes," he said in an interview with CNBC. Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes have each bought thousands of homes.

☆ Taiwan is bolstering military exchanges with U.S., President Tsai says
▼ + stars: | 2023-02-21 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

[1/4] Taiwan President Tsai Ing-wen meets U.S. Representative Ro Khanna (D-CA), a member of the U.S. House China Select Committee, and other members of the U.S. delegation at the presidential office in Taipei, Taiwan, in this handout photo released February 21, 2023. TAIPEI, Feb 21 (Reuters) - Taiwan is bolstering its military ties with the United States and will cooperate even more closely with it and other friendly nations to deal with "authoritarian expansionism", President Tsai Ing-wen told visiting U.S. lawmakers on Tuesday. While the United States no longer maintains military bases in Taiwan, the two have a good military relationship that has become closer as China steps up pressure to try and force Taiwan to accept Chinese sovereignty. "Taiwan and the United States continue to bolster military exchanges, and going forward Taiwan will cooperate even more actively with the United States and other democratic partners to confront such global challenges as authoritarian expansionism and climate change," Tsai told the lawmakers at her office in Taipei. In August, China staged military exercises near Taiwan to express anger at then-U.S. House Speaker Nancy Pelosi's visit to Taipei.

☆ Pentagon's top China official travels to Taiwan, sources say
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +3 min

[1/2] Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan March 27, 2018. Speaking earlier, Taiwan Defence Minister Chiu Kuo-cheng said he was "not very certain" about a report that the trip would take place. Chase would be the most senior U.S. defence official known to have visited the island since 2019. China, which views Taiwan as its own territory, has repeatedly demanded that foreign officials not visit the democratically governed island. In 2020, a two-star Navy admiral overseeing U.S. military intelligence in the Asia-Pacific region made an unannounced visit to Taiwan.

☆ Dianne Feinstein won't run in 2024, opening up a California Senate seat
▼ + stars: | 2023-02-14 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Sen. Dianne Feinstein of California announced Tuesday that she will retire at the end of her current term, setting up a major Democratic competition for her coveted seat. "Even with a divided Congress, we can still pass bills that will improve lives," Feinstein said in a statement. The fight for the open Senate seat in the powerful, reliably blue state of California promises to be one of the most competitive — and expensive — races of the 2024 election cycle. While Feinstein's announcement officially puts her seat in play for the 2024 election cycle, multiple California Democrats had already launched Senate campaigns weeks earlier. More California Democrats, including Reps. Barbara Lee and Ro Khanna, are expected to announce their Senate campaign plans soon.

☆ Morning Bid: Volatility stirs
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +5 min

World markets end a rough week of confusing and competing narratives in distinctly edgy form, with peculiarly subdued volatility gauges flickering back to life. Both 10 and 30-year yields hit their highest levels in over a month early on Friday. Job shedding in the digital sector continued, with Yahoo's plans to lay off more than 20% of its total workforce. That said, the year-on-year oil price trend continues to be negative, as it's been all year and base effects from last year's price spike around the Ukraine invasion will only deepen that and weigh on headline inflation further. Goldman Sachs lowered its oil price forecasts for this year and next, cutting its Brent 2023 price forecast by $6 to $92 per barrel - still above current levels around $86.

☆ Rep. Ro Khanna: Hard to believe China's spy balloon just 'innocent balloons'
▼ + stars: | 2023-02-06 | 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 EmailRep. Ro Khanna: Hard to believe China's spy balloon just 'innocent balloons'Rep. Ro Khanna (D-Calif.) joins 'Squawk Box' to discuss why China decided to send a spy balloon over the United States, how often this has happened in the past, and more.

☆ House Democrats have already found something to love about Kevin McCarthy's Republican-led House
▼ + stars: | 2023-02-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

The House just used an open process for amending legislation for the first time in 7 years. But in interviews with Insider this week, Democrats also expressed skepticism that the use of open rules would be more than a one-time thing; the open rules that the chamber utilized last week were provided for as part of the House GOP's rules package. "We'll see how long this lasts," said Democratic Rep. Zoe Lofgren of California, a long-time ally of Pelosi. Spanberger herself had fun with open amendments, submitting one that would exclude drilling from areas offshore because the GOP majority was "looking to destroy Virginia's beautiful coastline." said Democratic Rep. Ro Khanna of California, who said he generally favors an open process.

☆ Google's ex-CEO Eric Schmidt tapped for federal biotech commission that allows members to keep biotech investments
▼ + stars: | 2023-01-31 | by ( Eamon Javers | ) www.cnbc.com time to read: +7 min

On Dec. 30, leaders of the House and Senate Armed Services committees announced the selection of former Google CEO Eric Schmidt and 11 others to serve on a new federal commission on biotechnology. The appointment, however, doesn't require commission members to divest their own personal biotech investments — even as they help shape U.S. policy overseeing the industry. The person didn't say when Schmidt made the decision to donate profits, adding that he hasn't yet named any recipient charities. The new federal commission will likely have a say in steering such investments over the two years of its lifetime. Schmidt's biotech investments are relatively recent.

But add a candidate representing the Bernie Sanders wing of the party, Ro Khanna, and a living legend who got her start with the Black Panthers and would become the only Black woman in the Senate, Barbara Lee — now you're talking about a California Senate race for the ages. Reaching voters isn’t easy in California, with a population approaching 40 million and a land mass bigger than that of many countries. But the race will affect the future of the Democratic Party, both in California and beyond. “An appointment would be a way to make sure that this country has the essential voice of a Black woman,” Allison said. And I don’t see and I don’t understand why it isn’t happening.”Meanwhile, as Lee watches Feinstein, Bernieworld is watching Lee.

☆ Jim Cramer's top 10 things to watch in the market Friday: Google job cuts, Netflix delivers
▼ + stars: | 2023-01-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Salesforce (CRM) downgraded to market perform from outperform (hold from buy) at Cowen, which also cut its price target to $160 per share from $175. Barclays upgrades Ralph Lauren (RL) to overweight from equal weight (buy from hold); increases its price target to $134 per share from $101. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ New weight loss drugs trending with billionaires and celebrities are about to enter more American homes
▼ + stars: | 2023-01-20 | by ( Barbara Collins | ) www.cnbc.com time to read: +8 min

GLP-1s also have been found to help with weight loss as they make individuals who use them feel fuller for a longer period of time. Using GLP-1s drug injections for weight loss has become one of the latest ways some big names in the market are shedding extra pounds. That's why his company has launched a program to offer GLP-1 drugs and corresponding medical care to individuals struggling with obesity or weight loss issues. Pairing personalized coaching with GLP-1s is the key to effective weight loss treatment, Reitano said, and helping patients maximize their results. A new real-time approach to weight managementReitano said it should not be an either/or scenario involving diabetes management of weight loss and that will change over the next decade.

Rep. Judy Chu, D-Calif., the chair of the Congressional Asian Pacific American Caucus (CAPAC), said she has personally spoken to Jeffries and recommended that Rep. Andy Kim, D-N.J., should be the ranking member. “The Republicans made it very clear that the committee is primarily focused on … counter intelligence and economic espionage issues which have been the focus of my own work, especially on the Intelligence Committee,” Krishnamoorthi said in an interview. Rep. Elissa Slotkin, D-Mich., a former CIA analyst who is eyeing a possible Senate bid in 2024, has also expressed interest in the top role on the China panel. But while CAPAC is divided, its members agree that the ranking member of the new panel should be Asian American. Think about that," said one CAPAC member.

☆ Most armies ignore autistic people. Israel is calling them up.
▼ + stars: | 2023-01-12 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +12 min

He signed up to serve through Ro'im Rachok, a first-of-its-kind program that places autistic people in the military to utilize their valuable skills. Ro'im Rachok, however, allows them to sign up as volunteers. Ro'im Rachok students sit in a circle during a class at Ono Academic College. Israel Defense Forces/ InsiderIt's November, and students of the Ro'im Rachok electronics course are approaching the final month of their training. But because Ro'im Rachok enlistees are volunteers, they can drop out after a year.

☆ Rep. Katie Porter’s Senate campaign conundrum
▼ + stars: | 2023-01-11 | by ( Lincoln Mitchell | ) www.nbcnews.com time to read: +5 min

The GOP is likely to have a better chance in Porter's district with her out of the picture. Enter Katie Porter, the first candidate to announce her intention to run for Feinstein’s seat. Her Senate run has a potential downside for national Democrats that should be clear. The problem Porter’s campaign raises for the Democrats has nothing to do with her chances of winning or what she would do in the Senate. If they decide to seek the Senate seat, there will be no cost to House Democrats because their replacements are almost sure to be Democrats as well.

WASHINGTON — Rep. Barbara Lee, D-Calif., told members of the Congressional Black Caucus on Wednesday that she plans to run for Senate in 2024, adding her name to the list of contenders who want to fill the seat held by Sen. Dianne Feinstein. Asked about her remarks, Lee told reporters: "What I said was that I’m very sensitive and honoring Senator Feinstein. Lee, 76, has served in the House since 1998 and previously served in both California's state Senate and state Assembly. A spokesperson for Feinstein told the Los Angeles Times last month that she "has no plans to step down and will announce her plans for 2024 at the appropriate time." Schiff is also reportedly interested in the Senate seat, though he has not disclosed his plans yet.

☆ House Republicans voted to gut the House Ethics Committee, and George Santos said it was 'fantastic'
▼ + stars: | 2023-01-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

House Republicans voted on Monday to hobble the Office of Congressional Ethics. George Santos, facing multiple investigations and ethics complaints, called the changes "fantastic." The Office of Congressional Ethics, first established in 2008, is a quasi-independent body tasked with investigating allegations of misconduct against members of Congress. It then makes a determination as to whether those allegations are worth investigating further, at which point it makes a referral to the House Ethics Committee, which is evenly divided between Republicans and Democrats. In 2017, House Republicans voted in conference to subsume the office under the House Ethics Committee, effectively neutering it.

☆ Katie Porter Launches 2024 California Senate Bid, Isn't Waiting on Feinstein
▼ + stars: | 2023-01-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Rep. Katie Porter of California on Tuesday officially announced a 2024 Senate bid. Sen. Feinstein is up for reelection in 2024, but hasn't yet announced whether she'll run for another term. "In times like these, California needs a warrior in Washington," she said in her official campaign announcement on Tuesday. In entering the race, Porter is staking out a lane as an lawmaker who would usher in a different sort of governance. In November, Porter won a tough reelection race, edging out former California assemblyman Scott Baugh by four points (52%-48%).

WASHINGTON — Many House Republicans are furious with a band of far-right rebels who they say are holding the party hostage by repeatedly rejecting its nominee for speaker. The unwillingness of most House Republicans to cut a deal with Democrats to pick a speaker weakens their leverage in the showdown with a group of 20 right-wing lawmakers who want to defeat Rep. Kevin McCarthy, R-Calif., who is backed by 90% of the GOP caucus. As Bacon and other McCarthy allies dangle the possibility of a bipartisan speaker to secure the votes to make him speaker, the anti-McCarthy faction is calling their bluff. Rep. Bob Good, R-Va., who has voted against McCarthy all six times, said he doesn’t believe any Republicans would go around the House Freedom Caucus and team up with Democrats to pick a speaker. Democrats open door to consensus speakerSome Democrats say they’re open to negotiating a consensus speaker.

The last time the House failed to elect a speaker on the first ballot was in 1923, during a contest that took nine ballots to resolve. Possibilities include number two House Republican Steve Scalise and Representative Jim Jordan - who received 20 votes when nominated on Tuesday. But House Democratic Leader Hakeem Jeffries told reporters that Republicans have not reached out to discuss that option. Well, I am not going to surrender," Republican Representative Trent Kelly said at a news conference on Wednesday evening. Wednesday's three failed votes - following three failed votes on Tuesday - also served as a rebuke to Trump, who had urged Republicans to unite behind McCarthy.

☆ A top healthcare banker predicts some digital-health startups will be able to go public in 2023
▼ + stars: | 2022-12-28 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

SVB Securities' Jon Swope thinks some digital-health startups will IPO in the second half of 2023. In 2021, 15 US-based digital-health companies went public via IPO, according to Rock Health. Only one digital-health company has gone public this year: Akili Interactive Labs, which went public in August in a SPAC deal. Seeing the writing on the wall, digital-health companies like Komodo Health that sought to IPO this year are now putting those plans on hold. But SVB Securities' Jon Swope said he thinks the IPO market will reopen for certain digital-health companies in the second half of 2023.

☆ 'The music stopped': 6 founders tell how they survived this year's bursting VC funding bubble, customers unwilling to spend, and a graveyard of fallen startup peers
▼ + stars: | 2022-12-27 | by ( April Joyner | ) www.businessinsider.com time to read: +11 min

This year's economic caution marked a huge contrast to 2021's exuberance and record VC funding. Insider spoke with six founders about how they've handled the abrupt switch from market exuberance to economic caution. But at the same time, they said, they've sought to pounce on new opportunities created by the economic downturn. ElektraShifting landscapes, changing prioritiesAfter a year of record venture capital funding, the abrupt shift in investor sentiment hit hard in 2022, founders told Insider. Artificial intelligence startups are the latest beneficiary of VC hype, buoyed by breakthrough software tools such as DALL-E and ChatGPT.

Another was the requirement for companies to assess and disclose their impact and reliance on nature, despite the word "mandatory" being dropped from the final deal. While protecting nature comes at a cost, those companies that step up will attract more investors. "The big losers across the board will be 'business as usual'," said Eurasia Group senior analyst Franck Gbaguidi. A body representing some of the world's largest mining companies, including Glencore (GLEN.L) and Newcrest (NCM.AX), said disclosure would lead to a level playing field between sectors. The bill was ultimately calculated at $20 billion per year by 2025 and $30 billion per year by 2030.

The lawmakers are co-sponsors of the National Development Strategy and Coordination Act. That's why we've joined forces to jumpstart a national project to restore American manufacturing leadership. This committee would be charged with developing a National Development Strategy, recommending investments to improve national security, strengthen domestic manufacturing, create good-paying jobs and develop new technologies. Second, our proposal — the National Development Strategy and Coordination Act — would give this committee the authority to direct the Department of Treasury's Federal Financing Bank to achieve its goals. This would bring overdue strategic coordination to our federal loan system and inject much-needed long-term capital into critical industries.

☆ Rep. Ro Khanna says balancing regulation and ethics online is key to ensuring technology remains a force for good: 'We need technology to democratize voice in America'
▼ + stars: | 2022-12-19 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

"I think the trajectory of technology is still a force for good," he told Politico. Despite his concerns about Twitter, Khanna remains optimistic about the potential for technology companies to benefit society. "I think we need technology to solve climate," Khanna told Politico. We need technology to democratize voice in America. The office of Rep. Khanna did not immediately respond to Insider's request for comment.

☆ Democrats criticize Elon Musk for suspending journalists covering Twitter
▼ + stars: | 2022-12-16 | by ( Amanda Terkel | Amanda Is Senior Politics Editor For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

WASHINGTON — Democratic members of Congress had harsh words for Elon Musk on Thursday night after Twitter suddenly suspended a number of high-profile journalists who have been covering the company and Musk, its billionaire CEO. In November, shortly after he took over Twitter, Musk tweeted that he would not ban the account. Musk tweeted Thursday night. "Ro Khanna is great," Musk tweeted in response to one of some of the Twitter files. Rep. Eric Swalwell, D-Calif., tweeted: "Twitter can suspend whoever it wants.

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