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☆ Economic growth is the most important topic candidates should be discussing, says Chamber CEO Suzanne Clark
▼ + stars: | 2024-07-15 | 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 EmailEconomic growth is the most important topic candidates should be discussing, says Chamber CEO Suzanne ClarkSuzanne Clark, U.S. Chamber of Commerce CEO, joins 'Closing Bell: Overtime' to discuss the critical business issues on the ballot.

Persons: Suzanne Clark Suzanne Clark Organizations: Chamber of Commerce Locations: U.S

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 ,

☆ It's not the FTC's place to rule on noncompetes, says U.S. Chamber of Commerce CEO
▼ + stars: | 2024-05-06 | 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 EmailIt's not the FTC's place to rule on noncompetes, says U.S. Chamber of Commerce CEOSuzanne Clark, US Chamber of Commerce CEO, joins 'Closing Bell Overtime' to talk the U.S. business climate, what the Fed is saying, the impact of inflation and more.

Persons: Suzanne Clark Organizations: Chamber of Commerce, of Commerce

☆ A flurry of new rules from the Biden administration attempt to ban noncompetes, boost overtime pay, and increase refunds for delayed flights
▼ + stars: | 2024-04-27 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Read previewThe Biden administration this week pushed out a slate of rules it says are meant to boost competitiveness and put more money into workers' pockets. There are already challenges to at least one of the rules — but together they could land overtime pay for millions more workers, ban noncompetes that prevent workers from moving into jobs in similar industries, and help people get automatic refunds for delayed or canceled flights. More workers eligible for overtime payUnder the Department of Labor's new rule, many workers who make under $43,888 will be eligible for overtime pay effective July 1. A ban on noncompetes that keep workers from taking new jobsPerhaps the most sweeping action for workers came from the Federal Trade Commission, which finalized a rule to ban noncompetes in most cases. Will a ban on noncompetes, new overtime thresholds, or airline refunds affect your life?

Persons: —, Biden, Lael Brainard, That's, it's, Judy Conti, Pete Buttigieg, Brainard, Aaron, Ryan, John Smith, Suzanne Clark, Jeremy Merkelson, Davis Wright Tremaine, Merkelson, Elizabeth Wilkins, Wilkins Organizations: Service, Business, National Economic Council, Department of, National Employment Law, of Transportation, Federal Trade Commission, . Upjohn Institute, Employment Research, of Commerce, Texas Association of Business, Federal Trade, Chamber of Commerce, FTC

☆ Why auction houses are embracing luxury — and celebrity — fashion
▼ + stars: | 2024-04-25 | by ( Joan Kennedy | ) edition.cnn.com time to read: +8 min

(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.

Persons: —, Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, ”, Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, ’, Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, “, Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia

☆ FTC bans employers from using noncompete clauses
▼ + stars: | 2024-04-23 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —The Federal Trade Commission on Tuesday voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. And – with one exception – it makes currently existing noncompete agreements unenforceable after the rule’s effective date, which is set at 120 days from the rule’s publication in the Federal Register. The rule, however, does allow currently existing noncompete agreements for senior executives to remain in force. The ban would apply nationwide, overriding state laws regarding noncompete agreements. In December of last year, New York State Governor Kathleen Hochul vetoed a bill passed by the state legislature to completely ban noncompete agreements in that state.

Persons: Joe Biden, “ won’t, ”, Stefanie Camfield, Daryl Joseffer, “, ” Joseffer, Neil Bradley, Kathleen Hochul, Anne Clark, Vladeck, Raskin, Clark P.C, Amanda Wait, DLA Piper, Clark Organizations: New, New York CNN, Federal Trade Commission, FTC, of Commerce, Federal Register, Washington , D.C, Engage, Chamber’s Litigation, New York Locations: New York, California, North Dakota, Oklahoma, Washington ,, Colorado , Maryland , Oregon, Rhode

☆ Bananarama hasn't heard Taylor Swift's 'Cruel Summer,' but they wish she'd covered their song with the same name instead
▼ + stars: | 2024-03-13 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Bananarama members say they haven't heard Taylor Swift's "Cruel Summer." "I would have preferred her recording mine, because then I could have made some of her money," Keren Woodward told Billboard. AdvertisementBananarama — who has a song called "Cruel Summer" — says they haven't heard Taylor Swift's hit of the same name. AdvertisementSwift's "Cruel Summer" hit the top of Billboard's Hot 100 chart in October 2023, four years after it was released. "Deja Vu," a song off Rodrigo's debut album "Sour" was embroiled in a copyright controversy after fans noted the similarities between the song and Swift's "Cruel Summer."

Persons: Taylor, Keren Woodward, —, Bananarama —, haven't, Taylor Swift's, Sara Dallin, Dallin, hasn't, Woodward, I've, Swift, It's, Olivia Rodrigo, Rodrigo, Swift —, Jack Antonoff, Anne Clark, Vincent —, Clark, Nigro Organizations: Billboard, Service, British Locations: Irish

☆ China is teaching the likes of Apple and Tesla a very painful business lesson
▼ + stars: | 2024-03-11 | by ( Hasan Chowdhury | Lina Batarags | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In turn, sentiment toward Western business has soured. It's no wonder US companies that once banked on this being the "Chinese century" are having to learn a very painful lesson about doing business in China. According to The Wall Street Journal, a directive known as Document 79 is being ramped up to push out Western companies. AdvertisementHow Western companies respond will be closely watched, as China remains too valuable to lose a hold of.

Persons: —, Apple's, Tesla, Gene Munster, Wang Gang, Muster, BYD, It's, John Keeble, Li Qiang, Suzanne Clark Organizations: Service, Business, Research, Apple, Getty, Shanghai gigafactory, Bloomberg, China's Passenger Car Association, Deepwater Asset Management, Huawei, Volkswagen, Reuters, National People's Congress, Wall Street, US Chamber of Commerce Locations: China, Beijing, Shanghai

☆ China's Premier Li urges stronger economic, trade ties with U.S.
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +1 min

China's Premier Li Qiang attends a meeting with US Climate Envoy John Kerry at the Great Hall of the People in Beijing on July 18, 2023. China and the United States should strengthen economic and trade ties and Washington should avoid decoupling from China, Chinese Premier Li Qiang said on Wednesday, during a meeting with a visiting U.S. delegation, Chinese state radio reported. "Strengthening economic and trade cooperation is a win-win situation for both countries," Li told the delegation led by Chamber of Commerce chief Suzanne Clark. Li said U.S. companies were welcome to continue investing in China and that barriers were not in the fundamental interests of both sides. Ties are still recovering after the United States downed an alleged Chinese spy balloon a year ago.

Persons: Li Qiang, John Kerry, Li, Suzanne Clark, Clark Organizations: US, of, People, Chamber of Commerce, United Locations: Beijing, China, United States, Washington, U.S, loggerheads, Taiwan, South

☆ The biggest risks US businesses face in 2024
▼ + stars: | 2024-01-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

But, while businesses have plenty to be grateful for and much to be optimistic about, the coast isn’t clear. Last week, surveys from the National Federation of Independent Business (NFIB) and The Conference Board detailed the biggest risks that businesses are currently worried about. Here are some of the biggest risks for American businesses in 2024. Those financial stresses can reduce the willingness of banks to lend to others businesses and also to consumers,” she said. Bank earnings look really bad this quarter.

Persons: there’s, “, John Maynard Keynes, ”, ” Dana Peterson, Bill Dunkelberg, ” Peterson, ” Suzanne Clark, We’re, Mike Johnson, Chuck Schumer, Fitch, Clark, JPMorgan Chase, Nicole Goodkind, Krystal Hur, FactSet, Martin Luther King Jr, Morgan Stanley, Goldman Sachs Organizations: CNN Business, Bell, DC CNN, Federal, National Federation of Independent Business, Board, US, of Commerce, of American, Conference Board, Conference, CNN, Fed, Corporate, US Chamber of Commerce, chamber’s State of American, AAA, Moody’s Investors Service, US Chamber, Commerce’s, Google, Citigroup, Bank, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, FDIC, Citi, China’s National Bureau of Statistics, Alcoa, National Statistics, US Commerce Department, US Labor Department, Federal Reserve, University of Michigan, National Association of Realtors Locations: Washington, Wells, Corporate America, chamber’s State, BlackRock, Amazon, Argentina, Japan

Biden is trying to turbocharge the market for electric vehicles to reduce greenhouse gas emissions and prevent China from solidifying its grip on a growing industry. However, some in the UAW fear the transition will cost jobs because electric vehicles require fewer people to assemble. China is the dominant manufacturer of electric vehicles and batteries. Some environmental groups, conscious of how labor remains crucial to securing support for climate programs, have expressed support for the strike. Former President Donald Trump, the frontrunner for the Republican nomination, sees an opportunity to drive a wedge between Biden and workers.

Persons: Joe Biden, Biden, ”, Erik Gordon, Brittany Eason, Eason, ” Biden, “, Dave Green, ’, Suzanne Clark, Sam Gilchrist, It's, Donald Trump, NBC's “, ” Trump, Shawn Fain, “ That’s, ” Ammar Moussa, Trump, Barack Obama, Fain, Madeline Janis, Joey Cappelletti Organizations: WASHINGTON, United Auto Workers, UAW, University of Michigan’s Ross School of Business, Ford Assembly Plant, White, ”, U.S . Chamber of Commerce, Natural Resources Defense, Presidential, Republican, Press, MSNBC, Energy Department, Ford, South, White House, Associated Locations: Michigan, China, Wayne, Mich, Detroit, Ohio, Indiana, U.S, United States, Tennessee, Kentucky, South Korean, Lansing

☆ What industry experts, leaders say about the autoworkers' strike
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +7 min

SAM FIORANI, PRODUCTION FORECASTER AT AUTO FORECAST SOLUTIONS:"This is more of a symbolic strike than an actual damaging one ... DEMOCRATIC U.S. REPRESENTATIVE ELISSA SLOTKIN OF MICHIGAN:"I'm looking forward to joining our auto workers on the picket line this weekend. DONALD TRUMP, FORMER U.S. PRESIDENT:"The all Electric (car) is a disaster for both the United Auto Workers and the American Consumer. The targeted strike is intended to give UAW flexibility strike fund duration." SUZANNE CLARK, CEO OF US CHAMBER OF COMMERCE"The UAW strike and indeed the 'summer of strikes' is the natural result of the Biden administration's 'whole of government' approach to promoting unionization at all costs."

Persons: MARY BARRA, who's, we've, Shawn, Fain, DAN IVES, KOJI ENDO, LEE JAE, ARTHUR WHEATON, It's, ELISSA SLOTKIN, JAY TIMMONS, MONICA BOSIO, Stellantis, MARTINO, AMBROGGI, DONALD TRUMP, CHRIS MCNALLY, COLIN LANGAN, AT WELLS, PATRICK ANDERSON, JOHN MURPHY, Ford, ROBERT STREDA, DBRS, SUZANNE CLARK, Biden, Joseph White, David Shepardson, Trevor Hunnicutt, Peter Henderson, Heekyong Yang, Daniel Leussink, Giulio Piovaccari, Mehr Bedi, Medha Singh, Anne Marie Roantree, Jamie Freed, Savio D'Souza, Arun Koyyur Organizations: United Auto Workers, UAW, General Motors, Ford, Chrysler, Ford Bronco, Chevrolet, CNBC, GM, SBI, EUGENE, South, CORNELL SCHOOL, Company, DEMOCRATIC U.S, ELISSA SLOTKIN OF, NATIONAL ASSOCIATION, American Consumer, ISI, AT, Detroit, Thomson Locations: Chevrolet Colorado, Detroit, United States, ELISSA SLOTKIN OF MICHIGAN, China, Washington, San Francisco, Seoul, Tokyo, Milan, Bengaluru

Biden said that when negotiations began, he encouraged leaders of the two sides to stay at the bargaining table as long as possible. The head of the UAW said the union's negotiators “are hard at work at the bargaining table.”The UAW strike is just one of many labor disruptions. Still, a wider strike by the UAW could cause parts of the U.S. economy to shudder. The chain reaction across parts suppliers to the stores and restaurants that auto workers patronize could hurt local economies in Michigan, Wisconsin and other states that could be pivotal in next year’s election. Former President Donald Trump, the early Republican front-runner, said that union workers jobs are at risk because of Biden’s push to use of government incentives to build more EVs.

Persons: Joe Biden, autoworkers, ”, ” Biden, Stellantis, Biden, Julie Su, Gene Sperling, Shawn Fain, “, ’, Suzanne Clark, Joshua Bolten, ” Fain, Joe Brusuelas, Donald Trump, Trump, Jill Colvin Organizations: WASHINGTON, Big, White, United Auto Workers, General Motors, Ford, UAW, GM, Fiat Chrysler, Workers, Labor Department, Democratic, Business, U.S . Chamber of Commerce, RSM, Oxford Economics, Republican, NBC News Locations: Detroit, California , Oregon, Washington, U.S, Michigan , Wisconsin, China, United States, America

The UAW strike at three factories owned by General Motors, Ford and Chrysler-owner Stellantis kicked off the most ambitious U.S. industrial labor action in decades. "No one wants a strike, but I respect workers' right to use their options under the collective bargaining" system, Biden said. Labor unions like the UAW - which represents 146,000 workers - are key to Biden's game plan for winning reelection in 2024. "The auto workers are being sold down the river by their leadership," Trump said in the interview with NBC's Meet the Press. Under Trump, auto companies "would likely have gone bankrupt," the Biden campaign said in a statement.

Persons: Joe Biden, Stellantis, Biden, Gene Sperling, Julie Su, Jonathan Ernst, Rights Biden, President Trump, Biden's, Trump, Suzanne Clark, Nandita Bose, Steve Holland, Jarret Renshaw, Susan Heavey, Alison Williams, Jason Neely, Nick Zieminski, Heather Timmons, Deepa Babington Organizations: UAW, General Motors, Ford, Chrysler, Labor, carmakers, Prince George's Community College, REUTERS, Rights, Former U.S, Republican, Biden's, NBC's, Press, Trump, U.S . Chamber of Commerce, Thomson Locations: Pennsylvania, Michigan, U.S, Detroit, Largo , Maryland

☆ Biden needs to 'keep both parties at the table' in potential UAW strike: Chamber of Commerce CEO
▼ + stars: | 2023-09-11 | 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 EmailBiden needs to 'keep both parties at the table' in potential UAW strike: Chamber of Commerce CEOSuzanne Clark, Chamber of Commerce CEO, joins 'Closing Bell Overtime' to talk a possible UAW strike, government oversight and regulation, trade with China and more.

Persons: Biden, Suzanne Clark Organizations: UAW, of Commerce, Chamber of Commerce Locations: China

The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) employer group declined comment. Manufacturers, automakers and food producers which import or export goods also rely on the West Coast ports. "We urge the parties to quickly ratify the tentative agreement to bring certainty back to the West Coast ports," Shay said. Many of the ports' customers shifted a portion of their cargo to ocean trade gateways on the East Coast and Gulf Coast to avoid potential slowdowns from the Pacific Coast labor talks. After 72 hours, the ILWU and PMA hammered out a deal and credited Su with assisting in the efforts.

Persons: Labor Julie Su, Joe Biden, Suzanne Clark, Matthew Shay, Shay, Su, Lisa Baertlein, Barbara Lewis, Grant McCool, Deepa Babington Organizations: ANGELES, U.S ., Labor, Wall Street, Warehouse Union, Pacific Maritime Association, Biden, U.S . Chamber of Commerce, Walmart, Manufacturers, National Retail Federation, Pacific, PMA, Thomson Locations: WASHINGTON, U.S . West Coast, West Coast, U.S, COVID, West, East Coast, Gulf, San Francisco, Los Angeles, Long Beach, Oakland, Seattle, Washington

☆ Biden Acting Labor Secretary Julie Su engaged in tense West Coast port contract negotiations
▼ + stars: | 2023-06-12 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Julie Su testifies before a Senate Health, Education, Labor and Pensions Committee hearing on her nomination to be Labor Secretary, on Capitol Hill in Washington, U.S., April 20, 2023. President Biden's Acting Labor Secretary Julie Su is in current communication with labor and port management representatives in an effort to help broker a deal at a time of rising tensions at ports up and down the West Coast. President Biden nominated Acting Secretary Su on February 28 to replace Labor Secretary Marty Walsh, who stepped down in March. She was previously confirmed by the Senate to serve as the deputy secretary of labor on July 13, 2021. It estimated a more widespread strike along the West Coast could cost approximately $1 billion per day.

Persons: Julie Su, Biden's, Su, Su's, Biden, Marty Walsh, Suzanne Clark, Paul Brashier Organizations: Health, Education, Labor, Capitol, California Labor, Workforce Development Agency, Warehouse Union, Pacific Maritime Association, The Department, United Mine Workers, AFL, Senate, Los Angeles Chamber of Commerce, National Retail Federation, National Association of Manufacturers, . Chamber of Commerce, U.S . Chamber of Commerce, ILWU, Canadian, Logistics, ITS Logistics Locations: Washington , U.S, West, West Coast, Los Angeles, Long, U.S, ILWU Canada, Canadian West Coast, Panama, East

☆ PMA says US West Coast port workers shut down Port of Seattle; workers' union denies claim
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +2 min

"On the first shift today, the ILWU refused to dispatch any longshore workers to container terminals, the PMA said, resulting in the shutdown of the port. The ILWU, however, said that the West Coast ports are open and accused the PMA of "leveraging one-sided information to influence the process." “Despite what you are hearing from PMA, West Coast ports are open as we continue to work under our expired collective bargaining agreement,” said ILWU International President Willie Adams. West Coast ports stretching from California to Washington state are critical to the U.S. supply chains and the economy. The largest U.S. business group on Friday urged President Joe Biden to intervene immediately and appoint an independent mediator to address a protracted West Coast ports labor dispute.

Persons: ”, Willie Adams, Joe Biden, Suzanne Clark, Biden, Gokul, Diane Craft, Andrea Ricci Organizations: Pacific Maritime Association, International, Warehouse Union, Port, ILWU, Unions, . Chamber of Commerce, Thomson Locations: Port of Seattle, West, West Coast, California, Washington, U.S, Port, Seattle, Bengaluru

REUTERS/Carlos BarriaJune 9 (Reuters) - The largest U.S. business group on Friday urged President Joe Biden him to intervene immediately and appoint an independent mediator to address a protracted West Coast ports labor dispute. West Coast ports stretching from California to Washington state are critical to U.S. supply chains and the nation's economy. U.S. Chamber of Commerce CEO Suzanne Clark in a letter to Biden cited "continued and potentially expanded service disruptions at these ports heading into peak shipping season." Workers reported for duty on Thursday and Friday at the Port of Los Angeles, officials said. "Operations going into the weekend seem to be the most normal they've been" since labor disruptions started late last week, Los Angeles port spokesman Phillip Sanfield said, adding that the port has limited weekend hours.

Persons: Carlos Barria, Joe Biden, Suzanne Clark, Biden, Phillip Sanfield, David Shepardson, Chizu Nomiyama, Mark Potter Organizations: Shipping, Port, REUTERS, . Chamber of Commerce, Pacific Maritime Association, Warehouse Union, Workers, Retailers, Thomson Locations: Oakland, Oakland , California, U.S, West Coast, California, Washington, Seattle, Tacoma, Los Angeles, Long, Port of Los Angeles, San Francisco, East Coast, Gulf of Mexico, Asia, Panama

☆ Premarket stocks: How crypto is dealing with debt ceiling turmoil
▼ + stars: | 2023-05-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Here’s what’s in the debt ceiling dealPresident Biden and Republican House Speaker McCarthy put their long weekend to good use, coming to an agreement to raise the debt ceiling in the hope of avoiding a self imposed default on US government debt. If Congress doesn’t raise the debt ceiling by June 5, Treasury Secretary Janet Yellen warns the government will not have enough funds to pay all of the nation’s obligations in full and on time. The debt ceiling bill does that, rescinding $1.4 billion in IRS funding. Corporate America celebrates debt ceiling dealIt appears that US industry is pleased with the debt ceiling deal, and would like Congress to pass it quickly. Leading business groups praised Biden and McCarthy for forging a bipartisan agreement over the weekend, reports my colleague Matt Egan.

☆ Corporate America celebrates debt ceiling deal and urges Congress to quickly pass legislation
▼ + stars: | 2023-05-29 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Leading business groups are praising President Joe Biden and House Speaker Kevin McCarthy for forging a bipartisan agreement to raise the debt ceiling, and they are calling for Congress to pass the legislation before the government suffers a devastating default. “With the US at risk of defaulting in less than 10 days, there is no time to spare. The gravity of this moment cannot be overstated,” said Clark, who added the Chamber will consider this a “key vote” for lawmakers. The National Association of Manufacturers, the largest manufacturing trade group in the nation, congratulated Biden, McCarthy and their lawmakers for reaching an agreement. Party leaders in Washington are working furiously Monday to convince holdouts to back the compromise legislation that would avert default.

☆ US Chamber of Commerce warns of major increase in risks for businesses in China
▼ + stars: | 2023-05-01 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —The United States Chamber of Commerce has warned that rising scrutiny of American firms in China “dramatically increases” the uncertainties and risks of doing business in the country. “The services these firms provide are fundamental to establishing investor confidence in any market, including China,” the chamber said in a statement, without naming either company. Suzanne Clark, president and chief executive officer of the US Chamber of Commerce, speaking during an event in Ottawa, Canada, in April. The news came a month after Chinese authorities closed the Beijing offices of Mintz, detaining five of its local staff. The news about Bain has spooked the US business community in China, the American Chamber of Commerce in China told CNN last week.

☆ Chamber of Commerce gets nearly half its funding from those who give at least $1 million
▼ + stars: | 2023-04-26 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

The U.S. Chamber of Commerce pitches itself as representing the interests of millions of businesses of all shapes and sizes. The chamber, according to the study, brought in 18 contributions from those who donated anywhere from $2 million to over $4 million. The report says that the group raised around $54 million from those big-money contributors alone. And like America, the vast majority of our members — 90% — are small businesses and state and local chambers of commerce." By all measures, our impact for them is substantial and small businesses are strongly engaged with the Chamber."

☆ SEC's Gensler in congressional hot seat today over climate change and crypto
▼ + stars: | 2023-04-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. That's because SEC Chair Gary Gensler has aroused the ire of many in corporate America over his 50+ list of new regulatory proposals the SEC is scheduled to vote on this year. "Chair Gensler has identified a range of 50-55 regulatory priorities since the start of his tenure, and has already proposed twice as many rules as his predecessor in just half the time." "The vast majority of crypto tokens are securities," Gensler declared in his written testimony to the House Financial Services Committee. "SEC Chair Gensler is long overdue to testify before the House Financial Services Committee," Rep. French Hill (R.-Ark), Vice Chairman of the House Financial Services Committee, said in a statement released to CNBC.

☆ Watch CNBC's full interview with U.S. Chamber of Commerce CEO Suzanne Clark
▼ + stars: | 2023-04-17 | 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 EmailWatch CNBC's full interview with U.S. Chamber of Commerce CEO Suzanne ClarkSuzanne Clark, U.S. Chamber of Commerce president and CEO, joins 'Squawk on the Street' to discuss the Chamber's letter to the SEC about regulation and public policy risk, the immigrant labor force, and more.

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