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☆ CNBC Daily Open: Try to see the bright side of higher-for-longer rates
▼ + stars: | 2023-09-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Chip Somodevilla | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAs expected, the Federal Reserve declined to increase interest rates. In June, the Federal Open Market Committee forecast four rate cuts next year, totaling one percentage point. Despite the prognostications of robust economic growth, markets focused on the "higher rates for longer" part of the dot plot, seeing the glass as half empty.

Persons: Jerome Powell, Chip Somodevilla, That's, Powell, we'll, —, Jeff Cox, Yun Li Organizations: Federal Reserve, Getty, CNBC, Federal, Fed, Dow Jones Industrial, Nasdaq Locations: Washington ,, U.S

☆ Republican Party infighting is driving America toward a government shutdown
▼ + stars: | 2023-09-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

More broadly, it could raise fresh doubts about the capacity of a polarized nation – featuring an ever more extreme and performative Republican Party in ex-President Donald Trump’s image – to govern itself. But the Republican majority is so thin – the speaker can lose only four votes with its current margin – and the party is so bitterly divided, that past experience may be a poor predictor of outcomes. So handing a win to the critical Republicans on whom the GOP majority depends may be a poor strategy. Rep. Mike Lawler talks on his way to a House Republican Conference meeting at the US Capitol on September 19, 2023 in Washington, DC. Rep. Matt Gaetz talks on his way to a House Republican Conference meeting at the Capitol on September 19, 2023 in Washington, DC.

Persons: Kevin McCarthy, Joe Biden, Donald Trump’s, Nancy Mace, McCarthy, Mike Simpson, it’s, ” Simpson, ”, Trump, Mike Lawler, ” Lawler, Chip Somodevilla, Hakeem Jeffries, they’ve, Matt Gaetz, “ It’ll, Mike Garcia, CNN’s Manu Raju, Don Bacon, Ukraine –, Biden, “, ” McCarthy Organizations: CNN, Republican, Chinese Communist Party, Capitol, GOP, Senate, Republicans, ” South Carolina GOP Rep, Trump, Democrats, Democrat, House Republican, Democratic Party, Congressional Progressive Caucus, ”, Democratic, ex, Navy, Nebraska Rep, Biden, United Nations Locations: America, ”, Idaho, Ukraine, New York, Washington ,, ” Florida, California, Nebraska, Washington

CNN —House Republicans are still struggling to reach consensus on a plan to fund the government, with lawmakers going back-and-forth over the issue and leadership forced to delay a planned procedural vote as they work to find agreement within their ranks. House GOP leaders canceled a procedural rule vote on the proposal originally slated for Tuesday morning amid that opposition from hardliners. Amid the impasse in the House GOP conference, there are discussions underway among some Republicans and Democrats about teaming up on a so-called discharge petition to fund the government if the House Republican-brokered plan fails on the floor this week. Five Republicans – most of them from the right flank House Freedom Caucus – voted against the rule, denying House GOP leadership of the 218 votes it needed for passage. Chip Somodevilla/Getty ImagesRep. Ralph Norman, a South Carolina Republican, said he thinks they should work through the weekend until they are able to find agreement among House Republicans on how to keep the government open.

Persons: ”, Nancy Mace, Tom Emmer –, Kevin Hern, Hern, Hakeem Jeffries, Republicans –, Caucus –, McCarthy, Kevin McCarthy, Scott Perry, Bob Good, Virginia, Byron Donalds, Chip Somodevilla, Ralph Norman, Chip Roy, ” Roy, “, haven’t, Roy, ” Donalds, Perry, ” Perry, Matt Gaetz, Norman, Andy Ogles, Dan Bishop of, Andy Biggs of, Tim Burchett, Anna Paulina Luna of, Marjorie Taylor Greene, Matt Rosendale, Victoria Spartz, Eli Crane of, Cory Mills, Wesley Hunt, Wesley Hunt of Texas, Paul Gosar, Burchett, Bishop, Norman –, Ken Buck, Tom Cole of, Cole, ” Cole, “ That’s Organizations: CNN — House Republicans, GOP, Democratic, South Carolina Republican, Republican, “, CNN, Democrats, Politico, House Republicans, Department of Defense, Republicans, Caucus, Freedom Caucus, House Republican, Capitol, Getty, Texas Republican, Florida GOP Rep, Senate, ’, Defense, Ken Buck of Colorado . Locations: Pennsylvania, Florida, Washington ,, Texas, Tennessee, Dan Bishop of North Carolina, Andy Biggs of Arizona, Anna Paulina Luna of Florida, Marjorie Taylor Greene of Georgia, Matt Rosendale of Montana, Victoria, Victoria Spartz of Indiana, Eli Crane of Arizona, Cory Mills of Florida, Wesley Hunt of, Paul Gosar of Arizona, “, Biggs, Rosendale, Ken Buck of Colorado

Trump remains politically viable despite a battery of federal and state criminal charges revolving around his attempts to overturn Biden's 2020 election win and his mishandling of classified documents since leaving office. But in a worrisome result for Biden, Trump held a small advantage in the seven states where the 2020 presidential election was closest: Georgia, Arizona, Wisconsin, Pennsylvania, North Carolina, Nevada and Michigan. The Reuters/Ipsos poll was conducted online nationwide from Sept. 8 through Sept. 14, gathering responses from 4,413 U.S. adults. Eighty-eight percent of respondents in the poll, including strong majorities of Republicans, Democrats and independents, said crime would be an important issue for determining their vote. Republicans could benefit: Independents favored Republicans over Democrats on the issue by 34% to 22%, according to the poll.

Persons: Donald Trump, Joe Biden, Chip Somodevilla, Joe Biden's, Biden, Trump, Biden's, Roe, Wade, Jason Lange, James Oliphant, Scott Malone, Grant McCool Organizations: Democratic, Belmont University, Rights, Reuters, Republican, Trump, Republicans, Biden, Democrat, U.S, Supreme, Democratic Party, Democrats, Independents, Thomson Locations: Nashville , Tennessee, U.S, Georgia, Arizona , Wisconsin , Pennsylvania, North Carolina , Nevada, Michigan

☆ Analysis: Here’s why many Black people despise Clarence Thomas. (It’s not because he’s a conservative.)
▼ + stars: | 2023-09-11 | by ( John Blake | ) edition.cnn.com time to read: +20 min

CNN —Long before he became a Supreme Court justice, Clarence Thomas told a story at a public gathering that still sounds shocking years later. Justice Clarence Thomas jokes with his clerks in his chambers at the Supreme Court building in Washington in 2016. AP“His entire judicial philosophy is at war with his own biography,” Michael Fletcher, co-author of “Supreme Discomfort: The Divided Soul of Clarence Thomas,”. “He’s arguably benefited from affirmative action every step of the way.”Thomas has admitted that he was accepted at Yale Law School under an affirmative action policy. Supreme Court Justice Clarence Thomas looks at the displays inside the Pin Point Heritage Museum.

Persons: CNN — Long, Clarence Thomas, Thomas, Ronald Reagan, ” Thomas, Diana Walker, Thomas ’, Emma Mae Martin, he’s, Harlan Crow, Crow, ”, Sen, Sheldon Whitehouse, Chip Somodevilla, “ fawning, Reagan, John L, Nikki Merritt, Merritt, Colin Powell, Condoleezza Rice, Roe, Wade, ” Sen, Alyssa Pointer, Anita Hill’s, Uncle Tom, Thomas “, Juan Williams, “, Armstrong Williams, ” Williams, Amul Thapar, Jonathan Ernst, ” Thomas ’, Thomas doesn’t, they’ve, Thurgood Marshall, ” Michael Fletcher, “ He’s, I’d, Critics, White, Malcolm X, Richard Burkhard, you’ve, pounced, “ Clarence Thomas, Black, ” Tori Otten, ” Otten, ” Juan Williams, Virginia “ Ginni ” Thomas, Trump’s, John Duricka, Williams, — Trump, Booker T, Washington, Marcus Garvey, Obama, ” “ We’ve, –, “ It’s, “ Thomas, Steven Ferdman, Jim Crow, Frederick Douglass, ” Clarence Thomas, nodded, ” Merritt Organizations: CNN, White House, Commission, Texas Republican, Republican, National Bar Association, Democrat, Georgia Senate, Georgia State Capitol, NAACP, Supreme, National Museum of, Thomas Others, Reuters, Yale Law School, Catholic, College of, Cross, AP, Yale, Heritage Museum, Savannah Morning, USA, The, New, Morehouse College, Fox News Channel Studios, Reagan Administration, Bettmann Locations: Storm, Texas, New York, Washington, Memphis, Georgia, handouts, Atlanta, American, America, Cincinnati, Pin, Savannah , Georgia, New Republic, Wisconsin, Arizona, Virginia, Black, China, India, Brazil, New York City

☆ Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured
▼ + stars: | 2023-09-11 | by ( David Uberti | ) www.wsj.com time to read: 1 min

A decline in stocks accelerated after Fed Chairman Jerome Powell said that it was too early to declare victory against price pressures. Photo: Chip Somodevilla/Getty ImagesThe S&P 500’s shot at its longest winning streak since 2004 appeared within grasp for much of Thursday’s trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party. Major indexes fluttered between small gains and losses in quiet trading through the early afternoon. They turned firmly into the red after an auction of government debt showed lower-than-expected demand and propelled Treasury yields higher.

Persons: Jerome Powell, Chip Somodevilla Organizations: Treasury

☆ An ex-GMU law professor is suing his former students in a $108 million defamation case. His defense is similar to Johnny Depp's.
▼ + stars: | 2023-09-02 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +10 min

Wright then filed a defamation suit against the former students, seeking $108 million in damages. Reuters/ReutersUltimately, Depp won $10 million in compensatory damages and $5 million in punitive damages in his defamation case against Heard. And juries appear to be more receptive to ruling on behalf of defamation claimants, especially after big wins in cases like Depp's, Lovell told Insider. "By showing he's going through the legal system and going after them for $108 million dollars, it makes a statement," Lovell said about Wright's legal strategy. "These cases are rarely about monetary damages and are more often a vehicle to repair a reputation," Pearson told Insider.

Persons: Joshua Wright, Wright, Depp, Johnny Depp, Amber Heard, Donald Trump, Jean Carroll, Elyse Dorsey, Angela Landry, Law360, —, Dorsey, Landry, Hank Johnson, Tom Wheeler, Ajit Pai, Wheeler, Chip Somodevilla, George Mason, Getty Wright, Sandy Hook, Alex Jones, Tracy A, Pearson, Heard, Tre Lovell, Lovell, they're, Lindsay R, Johnny Depp's Organizations: Service, Federal Trade Commission, George Mason University, Federal Communications, Federal Trade, Capitol, Republicans, Communications, Bloomberg, George, Depp Defense, Voting, Fox News, Reuters, Binnall Locations: Wall, Silicon, WASHINGTON, DC, Rayburn, Washington , DC, Virginia

CNN —Justice Clarence Thomas disclosed Thursday that Republican megadonor Harlan Crow paid for private jet trips for Thomas in 2022 to attend a speech in Texas and a vacation at Crow’s luxurious New York estate, as ethics questions continue to rock the Supreme Court. Thomas made the disclosures after receiving an extension to file the yearly reports that were originally due in May 2023. In a statement after the ProPublica report, Thomas acknowledged the friendship but stressed that Crow did not have business before the court. In addition, he said that he should have disclosed a 2014 private real estate deal between Crow, Thomas and members of Thomas’ family. According to the disclosure, Thomas flew down to be the keynote speaker of the event in February, but returned via private jet “due to an unexpected ice storm.”The talk was rescheduled in May and Thomas rode round trip on Crow’s plane.

Persons: Clarence Thomas, Harlan Crow, Thomas, Dobbs, Roe, Wade, “, Crow, Samuel Alito, ProPublica, Thomas ’, ” Thomas, Virginia Thomas, Leola Williams, Williams, VII, –, Elliot S, Berke, Thomas “, ”, Sen, Sheldon Whitehouse, Chip Somodevilla, Elena Kagan, Alito, ” Alito, Gabe Roth, he’s, ” Roth, Rome Alito, Duke Organizations: CNN, Republican, Judicial Conference, Old Parkland Conference, Hoover Institution, Manhattan Institute, American Enterprise Institute, Black Americans, Crow Holdings, Democrats, Supreme, Capitol, Rhode Island, Wall Street, Notre Dame, School’s, Liberty Initiative, Religious Liberty Summit, Regent University School of Law, Duke Law School Locations: Texas, New York, Georgia, Savannah , Georgia, Washington ,, Rome

☆ Gov. Ron DeSantis angers Trump supporters suggesting they are 'listless vessels' – echoes Clinton's 'deplorables' jab, they say
▼ + stars: | 2023-08-20 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Ron DeSantis criticized those who have blind allegiance to Donald Trump, calling them "listless vessels." Ron DeSantis has angered Trump supporters by appearing to call them "listless vessels." To Ron DeSantis, they are 'listless vessels.' Trump spokesperson Steven Cheung also weighed in: "DeSantis goes full-blown Hillary and calls MAGA supporters 'Listless Vessels." "The dishonest media refuses to report the facts—Donald Trump and some congressional endorsers are "listless vessels."

Persons: Ron DeSantis, Donald Trump, Trump, Trump spokespeople, Hillary Clinton's, DeSantis, that's, Hillary, Chip Somodevilla, Karoline Leavitt, Hillary Clinton, Steven Cheung, MAGA, Bryan Griffin, Griffin, Vivek Ramaswamy, Tucker Carlson Organizations: GOP, Service, Gov, Trump, Republican, Florida, Republican US, Make, DC, New York Times, Fox News Locations: Wall, Silicon

☆ Trump's 4 criminal cases, ranked in order of how screwed he is
▼ + stars: | 2023-08-15 | by ( Jacob Shamsian | Sonam Sheth | ) www.businessinsider.com time to read: +8 min

Former President Donald Trump has been indicted in four separate criminal cases since leaving office. This week, he made history again as the first former president to be charged in four separate criminal cases. For some charges, he's unlikely to see jail time if he's convicted. Trump has denied all the criminal charges against him. Ethan Miller/Chip Somodevilla/Getty ImagesManhattan District Attorney Alvin Bragg was the first to bring criminal charges against Trump.

Persons: Donald Trump, Fani Willis, Trump, Stormy Daniels, Ethan Miller, Chip Somodevilla, Attorney Alvin Bragg, Michael Cohen, John Edwards, playbook, Melania, Daniels, Jack Smith's, Jack Smith, Mike Pence, Joe, Congress —, Tanya Chutkan, Smith, it's, he's, Joe Raedle, Aileen Cannon, Prosecutors, —, Alan Freed, Ben Gray, — RICO, Ronald Carlson, doesn't, Carlson Organizations: Service, Trump ., Images Manhattan, Attorney, Trump, Capitol, Congress, US, Washington DC, Mar, National Archives, Justice Department, Prosecutors, Fulton, REUTERS, University of Georgia School of Law Locations: Wall, Silicon, Fulton County, Trump, Trump . Georgia, York, Washington , DC, Washington, Bedminster, , Georgia, Georgia

☆ 'This fight is not over': What to know about Biden's new plan to forgive student debt
▼ + stars: | 2023-07-12 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. Biden had hoped to move quickly canceling people's student debt, promising people the relief within six weeks of them completing their paperwork. Unlike Biden's first attempt to forgive student debt quickly through an executive order, this time he's turning to the rulemaking process. It's unlikely that Biden's Plan B for student loan forgiveness will be successful, Kantrowitz said. He expects the president's second attempt at forgiving student debt to be met by many of the same lawsuits as the first.

Persons: Joe Biden, Chip Somodevilla, overreach, John Roberts, Roberts, Biden, Lyndon B, Johnson, Chuck Schumer, didn't Biden, Herrine, Trump, Biden's, Kantrowitz, Luke Herrine Organizations: U.S . Department of Education, Republican, Supreme, GOP, South Carolina —, Job, Network Foundation, Biden, . Nebraska, Education Department, Higher, University of Alabama Locations: delinquencies, — Nebraska , Missouri , Arkansas , Iowa , Kansas, South Carolina, .

☆ The Supreme Court makes almost all of its decisions on the 'shadow docket.' An author argues it should worry Americans more than luxury trips.
▼ + stars: | 2023-07-07 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

The Supreme Court makes nearly all its decisions on the emergency relief docket or "shadow docket." What is the Supreme Court 'shadow docket?' Capitol Police watch an abortion-rights rally from behind the security fence surrounding the Supreme Court on June 23, 2022. Public trust in the Supreme Court is at a historic lowNadine Seiler attends a rally for voting rights while the U.S. Supreme Court hears oral arguments in the Moore v. Harper case December 7, 2022. The dangers posed by the shadow docket are more perilous than the wrongs of individual justices, Vladeck argues, because the shadow docket's ills are inherently institutional.

Persons: Steve Vladeck, —, Vladeck, Sonia Sotomayor, Clarence Thomas, John Roberts, Amy Coney Barrett, Neil Gorsuch, Brett Kavanaugh, Scott Applewhite, mifepristone, William Baude, Nathan Howard, it's, Ruth Bader Ginsburg, Anthony Kennedy, Stephen Breyer, Elena Kagan, Ketanji Brown Jackson, Joe Biden's, Chip Somodevilla, Roe, Wade, Obama, Bush, Trump, Nadine Seiler, Harper, Drew Angerer, stokes Organizations: Service, Supreme, Supreme Court, AP, University of Chicago, Capitol Police, Getty, Former, — Locations: United, Joe Biden's State, Texas, U.S, Moore

☆ Biden administration gives student loan borrowers some leeway when payments restart
▼ + stars: | 2023-07-05 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden is joined by Education Secretary Miguel Cardona as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan in the Roosevelt Room at the White House on June 30, 2023 in Washington, DC. Chip Somodevilla | GettyExtra protections follow Supreme Court decisionThis aid is not another payment pause extensionFormer President Donald Trump first announced the stay on federal student loan bills and the accrual of interest in March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy. The pause has since been extended eight times. The latest announcement by Biden is not another extension of that policy. (Borrowers' official due date will depend on their loan terms.)

Persons: Joe Biden, Education Secretary Miguel Cardona, Chip Somodevilla, Donald Trump, Biden Organizations: Education Secretary, White House Locations: Washington ,

☆ Supreme Court rejects affirmative action at colleges as unconstitutional
▼ + stars: | 2023-06-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

watch nowThe Supreme Court on Thursday ruled that the affirmative action admission policies of Harvard and the University of North Carolina are unconstitutional. Justice Clarence Thomas, a Black conservative who wrote a concurring opinion, said that the schools' affirmative action admissions policies "fly In the face of our colorblind constitution. In her dissent to the majority, liberal Justice Ketanji Brown Jackson, who is Black, called the ruling "truly a tragedy for us all." In doing so, she argued the Supreme Court "cements a superficial rule of colorblindness as a constitutional principle in an endemically segregated society where race has always mattered and continues to matter." U.S. Supreme Court Justice Sonia Sotomayor Getty Images

Persons: John Roberts, Roberts, Clarence Thomas, Thomas, Ketanji Brown Jackson, Chip Somodevilla, Sonia Sotomayor, Sotomayor, Sonia Sotomayor Getty Organizations: Harvard, University of North, U.S, Supreme, of Harvard College Locations: University of North Carolina, Washington ,

☆ Facing a future without affirmative action, students of color say the pressure is on them to fight for diversity: 'To be going backwards in this sort of immense way is really scary'
▼ + stars: | 2023-06-29 | by ( Yoonji Han | Lauren Frias | ) www.businessinsider.com time to read: +11 min

Affirmative action has been used to pit Asian Americans against other communities of color, experts said. "By grouping together all Asian students, for instance, respondents are apparently uninterested in whether South Asian or East Asian students are adequately represented, so long as there is enough of one to compensate for a lack of the other," Roberts wrote. "Affirmative action provides a second chance for students of color," Stewart Kwoh, co-executive director of the Asian American Education Project, told Insider. In the face of the destabilizing effects of rolling back affirmative action, students of color are shoring up to ensure diversity at their schools. Ron DeSantis signed a bill mandating Asian American and Pacific Islander studies in schools, a move that critics condemned as using Asian American communities as a "wedge" against other communities of color.

Persons: —, John Roberts, Roberts, Sonia Sotomayor, Sotomayor, Stewart Kwoh, Sarah Zhang, we're, Zhang, Muskaan Arshad, Arshad, Chip Somodevilla, Ron DeSantis, Gregg Orton, There's, Reyna Patel, Hill, I've, Shruthi Kumar, Scott Applewhite, They're, Agustin Leon, Saenz Organizations: Service, Harvard, University of North, Asian American Education, Affirmative, Coalition, UNC, Fair, US, Florida Department of Education, AP, American, Florida Gov, Pacific, National Council of Asian Pacific, NBC, Studies, Asian Locations: University of North Carolina, America, Mexican, Harvard, Washington ,, Florida

☆ Live updates: Russia responds after Wagner rebellion, war in Ukraine continues
▼ + stars: | 2023-06-27 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

Joe Biden speaks during an event in Washington, DC. Chip Somodevilla/Getty ImagesRussia’s short-lived insurrection has handed Joe Biden the most perilous version yet of a dilemma that has confounded the last five US presidents: how to handle Vladimir Putin. But all failed to avert the plunge in ties between the two nuclear superpowers. But even he tried to break the chill, by meeting his counterpart at a summit in Geneva in 2021. Russia’s invasion of Ukraine, however, led him instead to reinvigorate the NATO alliance with an extraordinary pipeline of arms and ammunition designed to ensure the country’s survival.

Persons: Joe Biden, Chip Somodevilla, Vladimir Putin, Bill Clinton, Biden, Putin, Yevgeny Prigozhin’s, Wagner Organizations: KGB, Soviet Union, Soviet, Wagner Group Locations: Washington ,, Russia, Washington, Geneva, Russia’s, Ukraine, Moscow, Belarus

☆ The Marine Corps might not get a confirmed leader for first time in 164 years due to standoff with Republican senator
▼ + stars: | 2023-06-25 | by ( Rebecca Kheel | Konstantin Toropin | ) www.businessinsider.com time to read: +7 min

On July 10, the Marine Corps may be led an acting commandant for the first time in 164 years. A GOP senator is blocking the next commandant's confirmation over the Pentagon's abortion leave policy. The Justice Department has already conducted a legal analysis of the Pentagon policy. Smith, then commander of III Marine Expeditionary Force, at Marine Corps Air Station Iwakuni in September 2018. "It was a spirited discussion, and it took a long time," Kaine said about the committee's closed-door debate on the abortion policy.

Persons: —, David Berger, Jim Stenger, Military.com, Berger's, Eric Smith, Smith, Sen, Tommy Tuberville, Read, Stenger, Berger, Chip Somodevilla, Archibald Henderson, Tuberville, Andrew Jones, Joe Manchin, Joni Ernst, Tim Kaine, Kaine, Charles " C.Q, Brown, Mark Milley, James McConville, Mike Gilday, — Rebecca Kheel, — Konstantin Toropin Organizations: Marine Corps, GOP, Service, Corps, Defense Department, Senate, Senate Armed Services, Capitol, Armed Services Committee, stonewall, National Defense, Pentagon, Justice Department, Peace Corps, Marine Expeditionary Force, Marine Corps Air, Iwakuni, US Marine Corps, Andrew Jones Senators, Marines, Air Force, Joint Chiefs of Staff, Twitter Locations: Iowa, Smith

☆ Russia pulls back from brink of crisis after deal reached to end Wagner insurrection
▼ + stars: | 2023-06-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +17 min

Sovfoto/Universal Images Group via Getty Images Putin poses for a picture with his wife, Lyudmila, and daughters, Yekaterina and Maria. Brooks Kraft LLC/Corbis via Getty Images Putin rides a horse during a vacation in Southern Siberia in August 2009. Alexey Nikolsky/AFP via Getty Images Putin judges an arm wrestling match while visiting the Seliger youth educational forum in Russia's Tver region in August 2011. Dmitry Astakhov/RIA Novosti/AFP via Getty Images Putin plays with his dogs Yume, left, and Buffy at his home in Novo-Ogaryovo, Russia, in March 2013. Chris McGrath/Getty Images Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend the G20 summit in Buenos Aires in November 2018.

Persons: Vladimir Putin’s, Wagner, Yevgeny Prigozhin, ” Prigozhin, ” Wagner, ”, Dmitry Peskov, “, Prigozhin, ” Peskov, Putin, Putin Putin, Joseph Stalin, –, “ Putin, Evelyn Farkas, ’, Vladimir Putin, Maria Putina, Archivio GBB, ZUMA Press Wire Putin, Laski, Maria, Vladimir, Anatoly Sobchak, Lyudmila, Yekaterina, Boris Yeltsin, Yeltsin, Fidel Castro, Reuters Putin, George W, Bush, Stephen Jaffe, Camp David, Brooks Kraft, Alexey Druzhinin, Alexey Nikolsky, Mikhail Metzel, Ivan Sekretarev, AP Putin, Dmitry Medvedev, Dmitry Astakhov, Buffy, Angela Merkel, Jochen Lübke, Thomas Bach, Medvedev, Vladimir Konstantinov, Alexei Chalyi, Sergei Aksyonov, Sergei Ilnitsky, Kirill Kudryavtsev, Alexander Lukashenko, Merkel, Francois Hollande, Petro Poroshenko, Mykola Lazarenko, Barack Obama, Ban, Chip Somodevilla, Turkey Andrei Karlov, Karlov, Donald Trump, Chris McGrath, Saudi Arabia's Crown Prince Mohammed bin Salman, LUDOVIC MARIN, Emmanuel Macron, Volodymyr Zelensky, Eliot Blondet, Joe Biden, Antony Blinken, Biden, Sergey Lavrov, Denis Balibouse, Macron, Sergey Ponomarev, Mikhail Gorbachev, —, Alexander Nemenov, Alexey Danichev, Xi Jinping, Pavel Byrkin, Pavel Bednyakov, Peter Zwack, Beth Sanner, ” Sanner, “ He’s, … Putin, Moscow’s, Priogozhin Organizations: CNN, Kremlin, Communist, McCain, Putin, Getty, Russian, ZUMA Press, KGB, ZUMA Press Wire, Getty Images, Reuters, US, White House, Camp, Brooks, Brooks Kraft LLC, RIA Novosti, AP, AFP, International Olympic, Crimean, Ukrainian, United Nations, UN, Assembly, Russian Foreign Ministry, Sputnik, World, Saudi Arabia's Crown, Macron, SPUTNIK, New York Times, Central Clinical Hospital, AP Putin, Belarus, State Russian Museum, Russia’s Southern Military District, US Army, National Intelligence for Mission, State Department, European Union Locations: Moscow, Belarus, Ukraine, Russia, Kremlin, Russia’s Belgorod, Putin Russian, Russian, Rostov, St . Petersburg, Leningrad, Germany, AFP, Kazan, Cuba, Soviet Union, Southern Siberia, Russia's Tver, Novo, Ogaryovo, Hanover, Sevastopol, Crimea, Belarusian, Minsk, France, Turkey, Helsinki, Finland, Buenos Aires, Ukrainian, Paris, Geneva, Switzerland, Taganrog, Luhansk, Donetsk, Kherson, Zaporizhzhia, –, Canada, Italy, Japan, United Kingdom, Soviet, Kazakhstan

☆ An early holiday shopping forecast makes us glad we own two of the best retail stocks
▼ + stars: | 2023-06-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Americans are expected to spend less this holiday season and seek out discounts, according to a new CNBC survey of retail logistics managers. For example, Home Depot (HD) expects overall sales and same-store sales to each decline between 2% and 5% in fiscal year 2023. TJX YTD mountain TJX Companies YTD performance In a separate research note, JPMorgan said TJX is best positioned to capture consumer trade-down demand. "We have the two best retailers for the moment," Jim Cramer said during the Investing Club's June Monthly Meeting Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Mary Dillon, Cowen, Richard Galanti, TJX, that's, Jim Cramer, We're, Jim Cramer's, Jim, TJ Maxx, Prince George's, Chip Somodevilla Organizations: CNBC, Costco, CNBC Supply Chain Survey, Fed, Wednesday, Management, JPMorgan, Shoppers, TJ, Getty Locations: Maxx, April's, Prince, Hyattsville , Maryland

☆ The debt ceiling drama may feel like it’s over, but it may have only just begun
▼ + stars: | 2023-05-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

There could be an even more dramatic second act to the debt ceiling drama. This time around, one of the top credit rating agencies, Fitch, has already placed US debt on rating watch negative. As of Wednesday, the other two major sovereign debt credit rating agencies, S&P and Moody’s, have not placed US debt under review. If Fitch downgrades US debt, it could cause yields on Treasury notes to spike, underscoring the increased risks associated with holding US debt. However, the opposite occurred after S&P downgraded US debt in 2011 — investors shrugged it off and bought more bonds, sending yields lower.

Persons: Joe Biden, Kevin McCarthy, Biden, It’s, Fitch, McCarthy, Chip Somodevilla, Michael Reynolds, ”, George Catrambone Organizations: New, New York CNN, Senate, AAA, US Treasury, U.S . Department of Treasury, Treasury Department, DWS, Treasury Locations: New York, States, US, Washington ,, Americas

☆ Up to 1.7 billion T. rex dinosaurs lived on Earth, a new study found. But scientists aren't sure where all the bones went.
▼ + stars: | 2023-05-27 | by ( Erin Heger | ) www.businessinsider.com time to read: +5 min

New calculations suggest that 1.7 billion T. rexes lived on Earth from 65.5-68 million years ago. This dichotomy between how many T. rexes lived and how few fossils we have of them shows us just how rare fossilization is and how much more we have to learn about these majestic creatures. Warpaintcobra/Getty ImagesMarshall was the lead author of an earlier study that estimated 2.5 billion T. rexes once roamed Earth. Of the roughly 1.7 billion, or so, T. rexes who roamed our planet, scientists have only uncovered a few hundred fossils, equating to fewer than 100 total dinosaurs. Despite their prime conditions for fossilization, if Giebeler's calculations are correct, scientists have only found about 0.0000002% of the T. rex that lived on Earth.

☆ Fact Check-Image of Nancy Pelosi in casket is a digitally-altered fake
▼ + stars: | 2023-05-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: 1 min

An image of Congresswoman Nancy Pelosi supposedly lying in a casket is digitally altered and taken from a stock image website. An online search reveals that the image originates via the stock image website, iStock (here). Pelosi’s face was superimposed onto the stock image of the woman in the casket, and the blonde edges of the woman’s hair in the stock photo can be seen beneath Pelosi’s own hair. The original photograph of Pelosi was captured by photographer Chip Somodevilla via Getty Images in 2010 and can be seen (here). The original is viewable via stock image website, iStock.

☆ 5 reasons G7 Summit 2023 in Hiroshima, Japan matters
▼ + stars: | 2023-05-18 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

CNN —This year’s G7 meeting in Japan holds special significance, not only for its location. Japanese Prime Minister Fumio Kishida arrives at Hiroshima airport to attend the G7 leaders' summit in Hiroshima, Japan, on Thursday. Together with his wife Britta Ernst, German Chancellor Olaf Scholz boards an air force plane for his trip to Hiroshima and the G7 summit. The biggest challenge for the G7 leaders may be keeping that momentum going. Two of the biggest holders of that debt, Japan and Britain, will be at the table with Biden in Hiroshima.

☆ Ron Johnson insists he won't pocket $8.4 million from donors. But thanks to Ted Cruz, he could legally do exactly that.
▼ + stars: | 2023-05-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

That's due to a Supreme Court case won last year by Ted Cruz, who defended Johnson repaying himself. In October quarterly filings, Johnson's campaign declared that it was reinstating $8.4 million in loans, citing Ted Cruz vs. FEC. Furthermore, the door is now open for other self-funding candidates to demand payback of campaign loans that they had previously forgiven. And prior to Johnson telling Insider that he wouldn't seek a loan repayment, Cruz vociferously defended the hypothetical repayment. "It is perfectly reasonable that Ron Johnson, after 10 years of making an interest-free loan to the American people, can pay back his own money," Cruz added.

☆ One awkward photo sums up how the debt ceiling negotiations are going
▼ + stars: | 2023-05-16 | by ( Erin Snodgrass | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

McCarthy seemed stony-faced during discussionsSpeaker of the House Kevin McCarthy sits in the Oval Office on Tuesday, May 16. Chip Somodevilla/Getty Images"Lot of work to do in a short amount of time," McCarthy told reporters following the meeting. Sen. Chuck Schumer offered a slightly more positive spinSen. Chuck Schumer sits in the Oval Office on Tuesday, May 16. Chip Somodevilla/Getty Images"We also agreed we have to pass a bipartisan bill with bipartisan support in both chambers," Schumer said. Chip Somodevilla/Getty ImagesA White House readout on the Tuesday debt ceiling talks offered little concrete evidence as to how close the administration is to reaching a deal.

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