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☆ Here's another reason for Elon Musk to support Trump
▼ + stars: | 2024-06-17 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

He also seems increasingly interested in Donald Trump, though he won't come out and say he's formally backing him. So here's another reason for him to move more firmly into the Trump camp: The US Securities and Exchange Commission, currently run by Biden appointee Gary Gensler, keeps dogging him. Caveats: The last time the SEC went after Musk, Trump was in the White House, and Trump appointee Jay Clayton was running the SEC. AdvertisementJust as important: The Journal piece includes lots of to-be-sures from legal experts about the difficulty of the SEC winning a case against Musk. But Musk would certainly prefer not having to go to court to find out.

Persons: —, Elon, Joe Biden, Donald Trump, he's, Trump, Biden, Gary Gensler, Tesla, Musk, Jay Clayton Organizations: Service, US Securities and Exchange Commission, Business, SEC, Twitter, SEC hasn't, Musk, Trump

☆ Opinion: Don’t focus on bracing for a Trump win
▼ + stars: | 2024-06-17 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +6 min

The article also cited an organization that is preemptively hiring a new auditor in case Trump were to direct the Internal Revenue Service to target the group during a second term. Trump is telling anyone who will listen what his dark goals are for a second term — from mass deportations to the construction of expansive detention camps for migrants to expanding his presidential power. Even the strategy detailed in Sunday’s New York Times article, which included using the courts to slow down a second-term Trump agenda, is far less likely to be successful this time. One reason for this is that in his first term, Trump was able to confirm more than 200 federal judges including three US Supreme Court justices that he personally appointed. That is why second-term resistance strategies only divert resources from the more pressing imperative at hand: keeping Trump from winning a second term.

Persons: Dean Obeidallah, Trump, ” Dean Obeidallah, Jay Inslee’s, Donald Trump, —, There’s, ”, “, scoundrels, I’m, stymie Trump’s, Aileen Cannon, Arizona Sen, John McCain, Dan Newhouse, David Valadao of, Mitt Romney, Trump’s, Mitch McConnell — Organizations: CNN, The New York Times, Democratic, ” Dean Obeidallah CNN, Washington Gov, Trump, Internal Revenue Service, Conservative Political, Republicans, Sunday’s New York Times, GOP, MAGA Republicans, Senate, Twitter, Washington Locations: ” America, ”, Wisconsin, American, Sunday’s, Arizona, David Valadao of California

☆ At this comedy show, tech workers are the butt of every joke
▼ + stars: | 2024-06-17 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

But comments like these are par for the course at Socially Inept, a comedy show hosted by former tech employees who make the audience — which is largely made up of tech workers themselves — the material. Socially Inept was founded by Jesse Warren and Austin Nasso, two former Big Tech employees. AdvertisementNasso, Oster, and Warren met through Seattle's comedy scene when Nasso and Warren worked Big Tech jobs in the city. It makes it seem like you're in on the joke, even when you're also kind of the butt of the joke. And for the most part, it seemed like tech workers in the audience were very self-aware and took their roasts in stride.

Persons: —, She's, Peter Jay Sharp, Jesse Warren, Austin Nasso, Nikita Oster, Boston —, Nasso, Oster, Warren, Masha Oster, — Warren, Justin Bieber, James Franco, Tom Brady, revel, they're Organizations: Service, Business, Flatiron District, Union Square Ventures, Google, Big Tech, Boston, Microsoft, SpaceX, Valley Bank, Army, eBay, Tech Locations: New York, Hudson, Manhattan, San Francisco , LA, Miami, Seattle, LA, hurtfulness

☆ Meet the Professors Whose Porn Careers Cost Them Their Jobs
▼ + stars: | 2024-06-16 | by ( Hallie Lieberman | ) www.businessinsider.com time to read: +28 min

The porn videos had titles like "Juicy Anniversary" and "Bedroom Shenanigans." In search of a man for Wilson, Gow sought advice from his therapist, who suggested joining a swingers club. In the background, Video Gow is moaning "Oh yeah" as IRL Gow says, "I've always had some ED issues." As the video ends with the big finale — the money shot, as it's known in the industry — Video Gow stands above kneeling Video Wilson, arms outstretched. The termination letter said he had failed to properly report his income from the porn videos and had violated "prohibitions for using one's public position for private benefit."

Persons: Joe Gow, Carmen Wilson, Gow, isn't, " Gow, Wilson, Bruce Springsteen, we've, It's, I'm, Simone Lueck, BI Gow, hadn't, Wilson's, Nina Hartley, Danny Mountain, who'd, We've, Cal Berkeley, Lauren Phillips, Phillips, mischievously, We’ll, We'll, Barack Obama, Geri, Jay Hart, IRL Gow, I've, she'd, Barack Obama's, Hartley, Raymond Cross, Cross, Hartley dustup, Stills, —, Tony Tomich, Moberg doesn't, Gow's, demurely, Starr, Socrates, Eugene Volokh, Roe, Diane, wouldn't, aren't, They've, Wilson wouldn't, Hallie Lieberman, She's Organizations: University of Wisconsin, selfies, CNN, The, BI, UW, La, Sony, Higher, MIT, USC, Cal, Dickinson State University, Food Network, IRL, Dartmouth, La Crosse Tribune, La Crosse, University of, FTI Consulting, Easton Moberg, Press, Stanford, Court, eBay, Sssh.com Locations: La Crosse, London, India, Gaza, Gow, Rock, San Francisco, Wisconsin, Chicago, Los Angeles, North Dakota, Arizona, Communist China, City, San Diego

☆ Daniel Radcliffe wins his first Tony and more highlights from Broadway’s biggest night
▼ + stars: | 2024-06-16 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

From pop culture reunions to first-time winners, here are some highlights from this year’s Tony Awards. Daniel Radcliffe, Sarah Paulson and more win their first-ever Tony awardsIt was a magical night for “Harry Potter” star Daniel Radcliffe and other first-time winners. Radcliffe’s co-star Jonathan Groff also won his first-ever Tony in the best performance by an actor in a leading role category. “Succession” star Jeremy Strong and Kecia Lewis, who in her speech reflected on her 40-year journey to the Tony stage, were also among the first-time winners. Hinton’s 1967 novel, won four Tonys on Sunday, including the coveted best musical award.

Persons: Tony, Tony Awards, Daniel Radcliffe, Sarah Paulson, “ Harry Potter ”, Radcliffe, ”, Radcliffe’s, Jonathan Groff, Groff, ” Sarah Paulson, nabbing, ” Paulson, Holland Taylor, Jeremy Strong, Kecia Lewis, Jay, Alicia Keys, Keys, ” Keys, “, Angelina Jolie, Vivienne, Danya Taymor, Jolie, ” Lewis, Hillary Clinton, Malala Yousafzai, Shaina Taub, ” Clinton, Clinton Organizations: CNN, of, New, Broadway Locations: New York City, That’s

☆ You could get partial ownership of an AI company that may have scraped photos of your face online
▼ + stars: | 2024-06-14 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Read previewYour face could make you a shareholder in Clearview AI, thanks to the terms of a potential settlement of a lawsuit against the company. Related storiesLawyers leading the charge against Clearview argued that the company's approach violated the privacy of people whose photos it used. "Clearview AI is pleased to have reached an agreement in this class-action settlement," Jim Thompson, a partner at Lynch Thompson and lawyer for Clearview, told Business Insider through a spokesperson. The proposed settlement gives people whose photos were used by Clearview a stake in the company's future. AdvertisementBut the proposal also contains an irony for the people whose photos Clearview AI used.

Persons: —, Clearview, Jim Thompson, Lynch Thompson, Jay Edelson Organizations: Service, The New York Times, Business, FBI, US Army, Court, Facebook, Apple

☆ Tesla shareholders restore CEO Elon Musk's pay: More legal battles to come?
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shareholders restore CEO Elon Musk's pay: More legal battles to come? Former SEC Chairman Jay Clayton joins 'Squawk Box' to discuss the fallout from Tesla's shareholder vote to restore CEO Elon Musk's pay package, how the result could impact the judge's ruling in Delaware, what's next for Tesla, and more.

Persons: Elon Musk's, Jay Clayton, what's Organizations: SEC, Tesla Locations: Delaware

☆ Moana: Disney casts 17-year-old Australian Catherine Laga‘aia to star in live-action version
▼ + stars: | 2024-06-13 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —An Australian teenager of Samoan heritage has been announced as the star of the upcoming live-action version of the hit Disney movie “Moana.”Seventeen-year-old Catherine Laga‘aia has been cast as the eponymous heroine of the movie, which begins filming this summer. She is no stranger to showbiz, however, as her father is Jay Laga‘aia, a New Zealand-born actor who starred in two of the “Star Wars” movies. He is also one of the movie’s producers, alongside, among others, “Hamilton” creator Lin-Manuel Miranda, who wrote much of the original movie’s soundtrack. Auli’i Cravalho starred as Moana in the original film, along with Rachel House, Nicole Scherzinger and Temuera Morrison. Disney has successfully reimagined several of its animated classics as live-action movies, beginning with “Beauty and the Beast” in 2017, followed by “Aladdin” and “The Lion King” in 2019 and “The Little Mermaid” last year.

Persons: Catherine Laga‘aia, ”, Alice Hart, Sigourney Weaver, Jay Laga‘aia, Dwayne Johnson, “ Hamilton, Lin, Manuel Miranda, Laga‘aia, “, Moana, Tuai, I’m, Katie, Lin Manuel Miranda, John Tui, Frankie Adams, Rena Owen, Gramma Tala, Thomas Kail, “ Hamilton ”, Johnson, Auli’i Cravalho, Rachel House, Nicole Scherzinger, Temuera Morrison, “ Aladdin ”, King ” Organizations: CNN, Pacific Islanders, Disney, Samoa, Broadway, Nielsen Locations: Motunui, New Zealand, Maui, Sydney, Fa‘aala, Savai‘i, ‘ Upolu, Samoa, Australia, Moana, Zealand

☆ Housing costs are clouding an otherwise glowing economy
▼ + stars: | 2024-06-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Despite all the good news, there’s one giant, inescapable reason why people don’t feel like the economy is as good as it actually is. Shelter costs — which include rent and an estimated cost of homeownership — were up 5.4% from a year ago. There are some early signs that the housing market is becoming a bit less stuck. At the same time, the one-two punch of inflation and high borrowing costs have discouraged first-time buyers, reducing competition for houses. Of course, as Powell noted in his speech Wednesday, it may take “years” for housing inflation to normalize.

Persons: CNN Business ’, We’re, supercore, doesn’t, —, “, ”, Jay Parsons, Jerome Powell, It’s, Orphe Divounguy, Zillow, ” Divounguy, Powell, There’s, Douglas Duncan, Fannie Mae Organizations: CNN Business, New York CNN, “ Locations: New York, Madera, Texas

The markets and Fed diverge againThe bull market rally is continuing to run on Thursday. The S&P 500 is poised to set yet another record, as investors see inflation in retreat — even if Fed policymakers don’t quite see it that way. The gulf between investors and the central bank is widening again. That makes the Fed more hawkish than other central banks, especially those in Europe, that are expected to trim borrowing costs several times this year. He reiterated that inflation remained above the central bank’s 2 percent target and that U.S. households’ spending power had diminished over the past two years.

Persons: Jay Powell, ” Organizations: Fed Locations: Europe

☆ Even Kim Kardashian says being a single mom feels overwhelming
▼ + stars: | 2024-06-12 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

"Even with a team of babysitters or support staff, the emotional and psychological weight of parenting often falls squarely on the single parent's shoulders," Wright said. She shared why Kardashian's struggles touch upon a difficulty many single moms face, no matter how much money they have. Single parents can feel even more acutely spread thin because they're doing it alone. That makes the single parent's job that much more challenging. "People do outsource every single part of parenting, and that has consequences for children," Wright said.

Persons: —, Kim Kardashian, nannies, Kardashian, Annie Wright, Jay Shetty's, Wright, Shetty, they'll, Robert Kamau, Ye, it's Organizations: Service, Business, Netflix Locations: Chicago, North

☆ Rachel Maddow Q&A: MSNBC star dishes on the rise of authoritarianism and her worries about becoming a Trump target
▼ + stars: | 2024-06-11 | by ( Oliver Darcy | ) edition.cnn.com time to read: +12 min

What important lesson can we learn from history to help us in this moment? Seeing that in our past should help us expect that and hopefully brace ourselves against it in our own time. You take things case by case, situation by situation, lie by lie. Do you think the news media — as a whole — is adequately covering Trump? I think Americans broadly know that’s happening, but also that they may not necessarily know what to do about it.

Persons: Rachel Maddow, Mary, ” —, Maddow, Donald Trump’s, Isaac, Davy Aronson, Donald Trump, DOJ hasn’t, Kathryn Olmsted’s, Hitler, Charles Coughlin —, there’s, Robert Paxton’s “, ”, Il Mondo, Il, Fox, Rupert Murdoch’s, Trump, he’s, He’s, we’ve, Mike Pence, I’m, it’s, Jay Rosen, “ Organizations: New York CNN, MSNBC, Monday, Electoral College, Republican Party, DOJ, Six, New York Times, TIME, Police, Trump, CNN, Fox News Locations: New York, America, United States, Rome, ”

☆ A Candidate Got $162,000 in Public Money. His Secret: Fake Donors.
▼ + stars: | 2024-06-11 | by ( Jay Root | Bianca Pallaro | ) www.nytimes.com time to read: 1 min

A taxi driver, Ahmad Zadran, was listed as a $40 donor to the candidate, Dao Yin. Mr. Zadran’s brother was shown as giving $25; his son, Raheem Zadran, was listed as giving $50. Under New York State’s new generous system for publicly financing political campaigns, Mr. Yin claimed the Zadrans’ modest donations as eligible for $1,380 in matching funds. Yet in interviews, the Zadrans said they had not given money to Mr. Yin, nor had they even heard of him. “This is crazy,” Raheem Zadran, 27, said.

Persons: Ahmad Zadran, Dao Yin, Zadran’s, Raheem Zadran, Yin, ” Raheem Zadran, “, ” Organizations: Assembly, York Locations: Flushing , Queens

☆ A way to play the emerging AI enthusiasm in cybersecurity stocks using options
▼ + stars: | 2024-06-11 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

As the AI bubble turns into a mania and AI shifts to the cloud, many companies can benefit indirectly from this boom. Since that stock has already hit new highs, I am looking to participate in this sympathy move by using another cybersecurity darling, Palo Alto Networks (PANW) , as a proxy trade. A bullish price momentum accompanied by an increasing RSI indicates the strength of the move. The trade To bet bullish on PANW, the trade structure I have used here is called a "bull call spread". BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: CrowdStrike, bullish, PANW, Jay Powell's Organizations: Alto Networks Locations: PANW

☆ The Quiet Voice in R.F.K. Jr.’s Ear: A Former Aide to the Clintons
▼ + stars: | 2024-06-10 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

In his outsider bid for the White House, Robert F. Kennedy Jr. is flanked by a team of unlikely political characters: new age health gurus, anti-vaccine activists, social media influencers, veterans of fringe third-party campaigns, cryptocurrency evangelists and militant environmentalists. Now a Hollywood screenwriter, Mr. Carson, 47, has the résumé of a Democratic insider. He was the press secretary for Hillary Clinton’s 2008 presidential campaign. He worked for Bill Clinton, Chuck Schumer, Tom Daschle, Howard Dean and Michael Bloomberg. But over the past year, he has become a quiet, steadying force behind a candidate who is at war with the Democratic Party.

Persons: Robert F, Kennedy Jr, Jay Carson, Carson, Hillary Clinton’s, Bill Clinton, Chuck Schumer, Tom Daschle, Howard Dean, Michael Bloomberg, Anita Dunn, Biden, “, Kennedy, — Organizations: White, Democratic, “, Democratic Party Locations: Hollywood, Topanga Canyon, Calif

☆ Renting an electric car for the first time? What could go wrong?
▼ + stars: | 2024-06-08 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. Rental car companies may have overestimated their customers’ readiness for a switch, though. In my case, I’ve rented EVs from Turo, a peer-to-peer car rental platform that’s sort of like Airbnb but for cars. Customer service as keyJoulez, an EV rental company, rents its fleet through its own website as well as through Turo. But not everyone has such a bad time when renting an EV from a big rental car company.

Persons: Lydia Wu, Wu, EVs, Hertz, Stephen Scherr, it’s, ” Hertz, Doug Jensen, Tesla, ”, “, ” Wu, I’ve, Micah Bergdale, they’re, Joulez, Jay Waldron, Waldron, Kia Organizations: CNN, Avis, Cox Automotive, Tesla, General Motors, Hertz, Kia, EV, Turo, Hyundai Kona EV, National Locations: Kansas City , Kansas, Hertz, San Diego, it’s, Polestar, New York City, “, Turo, Georgia, Washington, DC

☆ Jim Cramer's week ahead: Fed meeting and CPI report
▼ + stars: | 2024-06-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's most market-moving events, highlighting the Federal Reserve's meeting and the latest consumer price index report. Nvidia will implement its 10-for-1 stock split, and Cramer said shares might drop on Monday as buyers take profits. Oracle reports on Tuesday, and Cramer said he's not sure how this enterprise software company will fare. Casey's General Stores will also report that day, and Cramer said business is strong and the stock has been "a total winner." In that vein, the Fed will likely leave rates higher for longer at its Wednesday meeting, Cramer said.

Persons: CNBC's Jim Cramer, Jay Powell, Eli Lilly, Cramer, Eli Lilly's, he's, hasn't, nonfarm, He'll Organizations: Nvidia, Apple, Apple's, Conference, Vision Pro, FDA, Oracle, Casey's, Broadcom, Signet, Adobe Locations: Figma

☆ UBS says this clothing stock is one of its top picks and has 40% upside
▼ + stars: | 2024-06-07 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

PVH , parent of the Calvin Klein and Tommy Hilfiger brands, should see strong earnings ahead, according to UBS. Analyst Jay Sole kept his buy rating and hiked his price target on the clothing maker by 9%, or $14, to $174, which implies a potential upside of 43%. "We think PVH has the brand strength and balance sheet to drive earnings growth over the long term," Sole said in a Thursday note. He forecast PVH delivering five-year earnings growing at a 10.5% compound annual growth rate and raised his FY26 earnings per share estimate to 4%. The company probably saw 65% of sales and nearly 90% of profits coming outside North America, Sole said, but should be able to drive U.S. sales growth moving forward.

Persons: Calvin Klein, Tommy Hilfiger, Jay Sole, Phillips, Van Heusen's, PVH, Sole Organizations: UBS Locations: North America

☆ Jay Powell is not trying to figure out how to get the stock market going, says Jim Cramer
▼ + stars: | 2024-06-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jay Powell is not trying to figure out how to get the stock market going, says Jim Cramer'Mad Money' host Jim Cramer looks ahead to what could be next as far as rate cuts from the Federal Reserve.

Persons: Jay Powell, Jim Cramer Organizations: Federal Reserve

Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.

Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's

☆ Wall Street is putting its foot down as ‘Roaring Kitty’ sends GameStop soaring again
▼ + stars: | 2024-06-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +9 min

That means that Gill has the right to purchase 12 million shares of GameStop at $20 apiece by a set expiration date. GameStop shares closed Wednesday at $46.55 a share, more than double the price locked in by those options. Gill hasn’t explicitly told anyone to buy GameStop shares or that he thinks it’s headed to the moon. In comparison, shares of GameStop and AMC Entertainment have surged 167% and 99%, respectively, since Gill’s return to social media. Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021.

Persons: Kitty, Keith Gill, Gill, Michael M, Gill hasn’t, it’s, Jay Woods, Woods, hasn’t, Morgan Stanley, Gill isn’t, copycats, Warren Buffett, Berkshire Hathaway, Buffett, Chubb, ”, Bill Galvin, Gill’s, Hanna Ziady, Christine Lagarde —, ” —, Read, OpenAI, Brian Fung, Inflection’s, didn’t, Keith Gill’s Organizations: CNN Business, Bell, New York CNN, GameStop, AMC Entertainment, CNN, Gamestop, New York Stock Exchange, Street, Freedom Capital, Berkshire, The Securities, Exchange Commission, SEC, Financial, Traders, stoke, Wall, Retail, Roaring Kitty YouTube, European Central Bank, US Federal Reserve, Bank of England, ECB, Federal Trade Commission, FTC, Justice Department, Microsoft, Google, Nvidia, of Justice Locations: New York, New York City, Massachusetts, Washington, Europe

☆ GM has a secret to help sell its new EVs. It's Costco
▼ + stars: | 2024-06-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

Costco Auto has facilitated more than 500,000 vehicle sales annually over the past five years on average, according to Jay Maxwell, Costco Auto Program general manager responsible for strategic partnerships. GM declined to disclose how many Costco customers have purchased GM vehicles through the program. EV interestA growing number of vehicle sales made through Costco Auto are of electric vehicles, Costco said. In addition to GM, Costco Auto has partnered with Volvo, including its Polestar EV startup brand, Audi and others over the years. The Costco Auto Program was initially part of wholesale competitor Price Club, which merged with Costco in 1993.

Persons: Kena, Motors, it's, Marissa West, Michael Wayland, Jay Maxwell, Maxwell, Mary Barra, That's, Cox, Scott Mlyn, Julie Craig, –, Melissa Repko Organizations: Costco, Corbis, Getty, DETROIT —, Costco Wholesale, Detroit automaker, Costco Auto Program, EVs, Chevrolet, Chevrolet Blazer, GM North America, CNBC, U.S, Costco Auto, Canada, Ford Motor, Volkswagen, Brands, Lithia Motors, AutoNation, GM, EV, Volvo, Audi, CNBC Costco Auto, Cadillac, Industry, Cox Automotive, Dealers, New York Auto Show, Price Club Locations: Teterboro , New Jersey, CNBC, U.S, Detroit, Canada

☆ Jim Cramer explains what's at stake for consumers in the May jobs report
▼ + stars: | 2024-06-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

On the eve of the May jobs report, CNBC's Jim Cramer reminded investors about the tricky balancing act the Federal Reserve is attempting to pull off — bringing down inflation without seriously damaging the economy. Investors are rooting for weak figures so the Fed will be more inclined to implement interest rate cuts. But Cramer said Wall Street should remember what is at stake for consumers, especially those with low incomes, when it comes to this data and the Fed decisions. According to Cramer, it is hard for retailers to correctly dub consumers as weak or strong because they are familiar with their own customers, not the broader population. Cramer continued, saying, "the gulf is wide" between consumers, but suggested that many wealthy investors do not know enough about this dichotomy.

Persons: CNBC's Jim Cramer, Cramer, who'll, Jay Powell isn't, — he's Organizations: Federal Reserve

The talks between the tour and the Saudi Public Investment Fund, which backs LIV Golf, are "extremely active," the person said. A PGA Tour representative declined to comment. The deal will reportedly be structured similar to their deal with the Strategic Sports Group, a consortium of investors. "By making PGA TOUR members owners of their league, we strengthen the collective investment of our players in the success of the PGA TOUR," Monahan said at the time. After clear lines were drawn, players expressed frustration about the proposed deal, leading the tour to increase financial incentives for golfers.

Persons: LIV, Rory McIlroy, Tiger Woods, John Henry —, McIlroy, PIF, Jay Monahan, Yasir Al, Rumayyan, hasn't, " Monahan, Jimmy Dunne, Dunne, Phil Mickelson, —, Monahan Organizations: THE, Sawgrass, CNBC, Saudi Public Investment Fund, Fenway Sports, Saudi, Strategic Sports Group, The New York Times, Tour Enterprises, PGA, Fenway Sports Group Locations: Ponte Vedra Beach , Florida, Saudi, New York

☆ Kennedy’s Campaign Is Accused of Lying About His New York Residency
▼ + stars: | 2024-06-06 | by ( Jay Root | Rebecca Davis O Brien | ) www.nytimes.com time to read: 1 min

A group aligned with President Biden is challenging Robert F. Kennedy Jr.’s New York ballot petition, saying his campaign lied about his New York residency. The group, Clear Choice, says he long ago moved to the West Coast and has virtually no connection to the address listed on his petitions — an address of a longtime friend, where Mr. Kennedy’s independent presidential campaign acknowledges he has never actually lived. The complaint, filed with the state Board of Elections on Thursday afternoon, is one of more than a dozen filed with New York’s board of elections, some of which object to his campaign’s signature-gathering efforts. The group provided a time-stamped copy of the complaint to The New York Times. A Board of Elections spokeswoman, Kathleen McGrath, said a determination of residency would be “outside the ministerial scope” of the board’s review of petitions.

Persons: Biden, Robert F, Kennedy Jr, Kathleen McGrath Organizations: New, New York Times Locations: York, New York, West

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