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In the last Congress, Democrats repeatedly helped Republicans keep the government open and propped up Speaker Mike Johnson when he faced a challenge to his leadership post. He even tapped other senior House Democrats to echo his message to the Biden team, according to another person familiar with the efforts. Still, unlike some in his party, Jeffries is not in despair, according to multiple people familiar with his thinking. But Democrats say Jeffries — alongside Senate Majority Leader Chuck Schumer, who will serve as minority leader in the next Congress — might be the best person to at least try. Internal party sparringOne of Jeffries’ toughest tasks will be keeping Democrats unified on immigration despite the many intraparty divisions.
Persons: Hakeem Jeffries, Jeffries —, Donald Trump, Jeffries, , , Emanuel Cleaver, he’s, ” Jeffries, Mike Johnson, Trump, Rosa DeLauro, Harris, who’ve, Joe Biden, Kamala Harris, overperformed Harris, , Chuck Schumer, , Gregory Meeks, Pramila Jayapal, Jim McGovern, Johnny Cash’s, McGovern, Chip Somodevilla, That’s, That’s James Madison’s, Jeffries didn’t, I’m, Henry Cuellar, ” Cuellar, Cuellar, Gabe Vasquez, Susie Lee of, Scott Peters, Scott Peters of California —, Anna Padilla, Democrats ’, CNN’s Ali, Haley Talbot Organizations: CNN, Democratic Party, House Democratic, Congressional Hispanic Caucus, Progressives, GOP, Capitol, Republicans, Biden, White, Democrats, Democratic, New York Democrat, Progressive, Getty, House Democratic Caucus, Congressional Hispanic, Scott Peters of, Bloomberg Locations: Washington, Yorker, Back, New York, , Washington ,, New Mexico, Susie Lee of Nevada, Scott Peters of California, Albuquerque , New Mexico
CNN —This week in travel news: why true crime buffs are heading to Beverly Hills, a look at the world’s only Michelin-starred ice cream restaurant and the reaction to a “makeunder” of one of Italy’s star attractions. Ice, ice babyThis -40 °C pastry dessert at Minimal is served with a side of gelato. MINIMALWe all scream for ice cream — and “we” includes the Michelin guide, which recently awarded one of its coveted stars to Minimal, an ice cream restaurant in Taiwan. Not-so-bella vistaVideo Ad Feedback They replaced the Trevi fountain and tourists are ‘disappointed’ 01:17 - Source: CNNThe Trevi fountain might be the most famous tourist attraction in a city packed to the brim with tourist attractions. However, recent visitors to the famous fountain were less than impressed with what they found.
Persons: Menendez, Lyle, Erik Menendez, Jose, Kitty, , I’m, Toni Ricci, “ We’re, Arvin Wan, , gua bao, Trevi, you’ve, Haggis, Moo Deng, There’s, George Clooney, Alicia Park Organizations: CNN, Michelin, Netflix, Beverly Hills, Edinburgh Zoo, Royal Zoological Society of Scotland Locations: Beverly Hills, Beverly, Argentina, Guatemala, Colombia, Sweden, United States, Taiwan, Taichung, Rome, India, Costa Rica, It’s, Lake Como, Jaywalking, New York City
Novi, Michigan CNN —Former President Donald Trump on Saturday invited several Muslim leaders onstage with him at a campaign rally in Michigan as he courts Arab American and Muslim voters disillusioned or angry over US policy on Israel and Gaza in the critical battleground state. Trump said in his speech that he had held a meeting earlier in the day with Muslim leaders. He was joined onstage by what his campaign described as “prominent leaders of Michigan’s Muslim community,” including Imam Belal Alzuhairi, who described Trump as the “peace” candidate. “We, as Muslims, stand with President Trump because he promises peace – he promises peace, not war,” Alzuhairi said. And we must end the war and bring the hostages home,” Harris said, as the audience tried to drown out the demonstrator.
Persons: Donald Trump, ” Trump, Trump, Belal Alzuhairi, , ” Alzuhairi, Benjamin Netanyahu, Joe Biden, Kamala Harris, , Harris, Israel, Hugh Hewitt, , Biden, don’t, Democrats “, Alzayat, Liz Cheney, Dick Cheney, Cheneys, ” Harris, CNN’s Alison Main Organizations: Michigan CNN, Saturday, Arab, US, Trump, Israel, Democrats, CNN, Wyoming Locations: Novi, Michigan, Israel, Gaza, Detroit, Dearborn, East, Ukraine, Iraq, Syria, Iran, Libya, Somalia, Sudan, Yemen, Lebanon, Flint , Michigan, Kalamazoo , Michigan
To get there, the campaign is finalizing marquee, attention-grabbing events showcasing Harris, with symbolic backdrops aimed at driving home the message. JB Pritzker, a Harris campaign co-chair. Harris supporters wear custom “Kamala is brat” shirts at a rally in Milwaukee on August 20, 2024. The Harris aides CNN spoke to expressed a jittery self-confidence, but they also kept using phrases such as“jump ball” and “down to the wire” and the occasional emoji with nauseous green cheeks. But some Harris voters and even some on-the-ground operatives and volunteers are.
Persons: Kamala Harris ’, They’re, Donald Trump, , Arnold Palmer, they’ll, Harris, Jen O’Malley Dillon, ” David Plouffe, Barack Obama’s, ” Plouffe, , Joe Biden –, Donald Trump wouldn’t, , JB Pritzker, Kamala, Jovanny Hernandez, Doug, “ Kamala, CNN, , Mary, Charlamagne, Julia Roberts ’, “ We’re, Trump, Biden, White, Tim Walz, Charlie Neibergall, ” Walz, Michael Flynn’s, Mike Flynn’s, ’ ” Walz, We’re, Jaime Harrison’s, it’s, Martin Luther King Jr, Harrison, Ketanji Brown Jackson, Frederick Douglass ’, ” Harrison, can’t, Liz Cheney, who’ve, ” Nancy Quarles, ” Quarles, Jennifer Norris, Walz, Blaine McKillip, Ronald Reagan, They’ve, McKillip, , “ I’m, Jim Watson, Chris Deluzio, ” Deluzio, “ They’re, ” Harris, Plouffe, ” CNN’s Alison Main Organizations: CNN, Trump, Democrats, Gov, Milwaukee Journal Sentinel, USA, Jewish, Democratic, Biden, , Minnesota Gov, Minnesota, Advisers, Democratic National, Pennsylvania Academy, Fine Arts, Supreme, Republican, Wyoming, Republicans, Oakland County Democratic Party, Saunders County Democrats, Harris, Getty Locations: , Pennsylvania, Philadelphia, Milwaukee, Southfield , Michigan, Georgia, Minnesota, Papillion , Nebraska, Nebraska, North Carolina, Michigan, Detroit, Wahoo , Nebraska, Omaha, Latrobe , Pennsylvania, AFP, Pittsburgh
CNN —Vice President Kamala Harris and former President Donald Trump collided Friday in Michigan, both barnstorming the state as they wage a tight battle for its potentially decisive 15 Electoral College votes. He said he’d boost American auto manufacturing by slapping steep tariffs on imported vehicles. Rebecca Cook/ReutersBattle for Arab American votersTrump on Friday visited a campaign office in Hamtramck, which has a large Muslim and Arab American population. Trump has courted auto workers in Michigan with pledges to impose steep tariffs on vehicles imported from Mexico and China. Detroiters don’t give up on each other or their city, something Donald Trump will never understand,” Whitmer says in the 30-second spot.
Persons: Kamala Harris, Donald Trump, , Harris, Trump, Joe Biden, ” Trump, Biden, Hillary Clinton, Rebecca Cook, Amer Ghalib, Benjamin Netanyahu, , ” Harris, Assad Turfe, Yahya Sinwar, , Shawn Fain, “ He’s, Reuters Trump, he’d, Trump’s, Gretchen Whitmer’s, “ Donald Trump, Detroiters don’t, ” Whitmer, Detroit “, CNN’s Ali, Ethan Cohen Organizations: CNN, Electoral, Trump, White House, Michigan, Biden, Democratic, Michigan —, Reuters, Arab American voters Trump, United Auto Workers, Motor, Economic, ” Michigan Democratic Gov, Hell PAC, Detroit Locations: Michigan, Oakland County, Detroit, Waterford Township, Grand Rapids, Western Michigan, Kent County, Lansing, Auburn Hills, . Michigan, Pennsylvania, Wisconsin, Gaza, Waterford Township , Michigan, Hamtramck, Arab, Wayne County, Lebanon, Israel, Mexico, China, America
CNN —Former President Donald Trump unveiled yet another set of targeted tax break proposals on Thursday, doling out more promises of relief as Election Day draws ever closer. Speaking before the Detroit Economic Club on Thursday, Trump promised to make the interest paid on car loans fully tax deductible, similar to the popular existing deduction for mortgage interest. They raped our country.”One tax expert questioned why Trump would limit the benefit just to car loans. “Once and for all, I’m going to end double taxation on our overseas citizens,” he said in a video released Thursday. Currently, some Americans living abroad must pay taxes to both the United States and to the country where they reside.
Persons: Donald Trump, doling, Trump, , , Howard Gleckman, ” Gleckman, “ You’ve, Kamala Harris, CNN’s Ali Main Organizations: CNN, Detroit Economic, NAFTA, Trump, Brookings Tax, Security, Congress, Committee, Budget Locations: Michigan, Mexico, Canada, Shanghai, Sterling Heights, , United States
And it’s a playbook that former President Donald Trump’s campaign has tossed aside. It’s a gamble, Trump’s campaign internally acknowledges, but one that they insist is built on data they have collected over nearly a decade and tested for the past six months. Days later, the Michigan state party chairman also plugged 10xVotes when he rolled into Traverse City, Michigan, alongside Trump running mate JD Vance. But rather than courting those voters, Trump’s campaign is in search of new ones. Trump’s campaign has also tried to seize on discord within the Democratic coalition.
Persons: Paul Hudson, “ Harris Walz ”, Donald Trump’s, Trump, Elon Musk, Tucker Carlson, JD Vance, , , Dennis Lennox, Mary, Kamala Harris –, don’t, James Blair, Blair, ” Blair, Donald Trump, Anna Moneymaker, Gerald Ford, Nikki Haley, Hillary Scholten, ” Hudson, Trump’s, Charlie Kirk, Harris, Musk, , Republicans Kari Lake, Blake Masters, Sen, Rebecca Noble, flummoxed, Joe Biden, Susie Wiles, Volodymyr Zelenskyy, Julia Demaree Nikhinson, Virgin Mary, Michael, Lennox, you’re, ” Lennox, Michael Whatley, Lara Trump, Elijah Nouvelage, Jim Pillen, wouldn’t, ” Danielle Butterfield, , CNN’s Ali Main, Kristen Holmes, David Wright, Jeff Zeleny Organizations: CNN, Republican, Grand Rapids, Trump, Republicans, Republican Party, Veteran Affairs, Grand, White House, Van, South Carolina Gov, America PAC, Musk, Federal, Commission, Getty, Trump Force, Sunshine State, Miami Gardens, Cuban, Democratic, Florida, Biden, GOP, Michigan, Republican National Committee, RNC, University of North, Republican Gov, Nebraska’s, White, Democrat, USA Locations: doorsteps, Michigan, Grand Rapids, Grand, Traverse City , Michigan, Detroit, Grand Rapids , Michigan, Congress, Kent, Arizona, Mesa , Arizona, AFP, Arizona , Wisconsin, Wolverine, Wisconsin, Iowa, Ohio, Florida, Black, Miami, Israel, Puerto, Dade County, New York, Pennsylvania, Cheboygan County , Michigan, Republican County, North Carolina, University of North Carolina, Georgia, Fulton County, Atlanta, Nevada, Nebraska, Omaha, Wisconsin , Michigan
CNN —The five days since Vice President Kamala Harris’ campaign launched at warp speed have remade the 2024 race – and given Democrats new hope of preventing a second Donald Trump presidency. Fundraising exploded, with Harris’ campaign saying she raised $126 million between Sunday afternoon and Tuesday evening. And Democrats were more eager to devote their own time to working to elect Harris: More than 100,000 people signed up to volunteer for her bid, and more than 2,000 applied for campaign jobs, Harris campaign chair Jen O’Malley Dillon said in a Wednesday memo. The strength of Harris’ launch has at times surprised even the former Biden campaign staffers who on Sunday suddenly found themselves working for what was converted into the Harris campaign. Biden’s campaign believed his path to 270 Electoral College votes ran through the “blue wall” states – Michigan, Pennsylvania and Wisconsin.
Persons: Kamala Harris ’, Donald Trump, Harris, Harris ’, Jen O’Malley Dillon, Trump, It’s, Ron Bieber, “ I’ve, , she’s, Joe Biden, Biden, Harris hasn’t, , Base Andrews, O’Malley Dillon, Biden’s, ” O’Malley Dillon, Douglas Emhoff, Erin Schaff, Howard University hoodie, , Nancy Pelosi’s, dispirited, fraudsters, cheaters, ” Harris, Donald Trump’s, Charli XCX, , , Jared Polis, Maxwell Frost, Tony Evers, ” Evers, ” Trump, Felita Daniels Ashley, Olivia Jessup, Anger, Natalie Jauch, Charli, Jessup, Taylor Swift, Kesha, ” Jessup, Kevin Mohatt, ” CNN’s Alison Main, Betsy Klein, Ebony Davis, Sam Fossum, Edward, Isaac Dovere, Lisa Respers Organizations: CNN, Democratic Party, Trump, Michigan AFL, Democratic, Biden, Convention, ABC, Base, Republican, CNN’s, New York Times, Siena, Electoral, Air Force, Joint Base Andrews, Naval Observatory, Howard University, Federal, San, Democratic National Convention, Democratic Colorado Gov, , Milwaukee, Heritage Foundation, California Democrat, Zeta Phi Beta, of Education, , American Federation of Teachers Locations: Houston, Gaza, – Michigan, Pennsylvania, Wisconsin, Sun, Arizona, Georgia, Nevada, North Carolina, Maryland, Wilmington , Delaware, San Francisco, California, British, ” Florida, Milwaukee, , West Allis , Wisconsin, Indianapolis, America, Lisa Respers France
Fact checking the CNN presidential debate
  + stars: | 2024-06-27 | by ( Cnn Staff | ) edition.cnn.com   time to read: +69 min
CNN —President Joe Biden and former President Donald Trump faced off during CNN’s presidential debate in Atlanta Thursday night. From CNN’s Daniel DaleFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. From CNN’s Daniel Dale and Ella NilsenFormer President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on Thursday, June 27. From CNN’s Alicia WallaceFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Kpler found that China imported about 511,000 barrels per day of Iranian crude in December 2020, Trump’s last full month in office.
Persons: Joe Biden, Donald Trump, Biden, Trump “, , ” Trump, , Trump, ” John Kelly, servicemembers, Kelly, Jim Sciutto, Daniel Dale, Kaanita Iyer, Roe, Wade, That’s, Wade ”, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Trump’s, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, , Will Lanzoni, ” Biden, corpsman —, Hamid Karzai, CNN’s Haley Britzky, didn’t, Priscilla Alvarez, George Floyd, Tim Walz, Walz, Paul –, CNN’s Holmes Lybrand, Daniel Dale FACT, European Union won’t, Ella Nilsen, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, Austin Steele, CNN Biden, Tristen Rouse, CNN Tapper, Robert F, Kennedy Jr, Kennedy, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Iran “, Mike Pompeo, ” Pompeo, Tami Luhby Trump, CNN’s KFILE, weren’t, Hillary Clinton, affirmatively, it’s, what’s, , Alicia Wallace, Obama, CNN’s Ella Nilsen, you’re, Biden’s, Hunter Biden, Joe Biden’s, Viktor Shokin, Shokin, CNN’s Marshall Cohen, “ It’s, Rick Muskat, CNN.So, Morgan, Katie Lobosco, Alvin Bragg’s, Bragg, Jack Smith, Smith, General Merrick Garland, Garland, Matthew Colangelo, Colangelo, I’ve, there’s, Iran haven’t, ” Matt Smith, Ali Vaez, Kpler, Gary Engelhardt, Jason Richwine, ” Richwine, Tami Luhby, Confederate, Robert E, Lee, marchthat, “ I’m, Elle Reeve, Ralph Northam, Jen Christensen, ” Trump’s, Ronald Reagan’s, Barack Obama, George W, , ’ ” Trump, CNN’s Jen Christensen, Pelosi, Nancy Pelosi, “ Nancy Pelosi, , Alexandra Pelosi, Aaron Bennett, Cherry, Christopher Miller, Miller, Charis Kubrin, CNN’s Catherine Shoichet, ” Kubrin’s, Graham Ousey, College of William & Mary, Erwan, George Washington, Marshall Cohen, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, Howard Gleckman, ” Gleckman Organizations: CNN, Trump, Homeland Security, SSRS, Marquette Law School, NBC, Gallup, ” Rutgers Law, American University, university’s Health, University of California, Atlanta, US Navy, Border Patrol, Border Patrol Council, National Guard, Minneapolis Former, Minnesota Democratic Gov, Minnesota National Guard, Guard, EU, European Union, US, European Automobile Manufacturers ’ Association, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, State, Medicare, Black, of Labor Statistics, Republican, Burisma Holdings, International Monetary Fund, Republicans, House Republicans, US International Trade Commission, US Customs, Deer Stags, Peterson Institute for International Economics, Justice Department, DOJ, DC, federal, Department, Democrat, Americas, Crisis, Social Security, Social, General Internal Medicine, , Syracuse University, Center for Immigration Studies, Electoral, White, Nazi, US Centers for Disease Control, Former Virginia Gov, United, China Former, China, Hamas, ISIS, Trump’s, Democratic, Congressional, Capitol, Colorado Supreme Court, US Food, Guttmacher Institute, California Democrat, Capitol Police Board, Senate, District of Columbia National Guard, College of William &, NATO, Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, Urban, Brookings Tax, Urban Institute, , Tax, Center Locations: Atlanta, France, Afghanistan, Kabul, Jordan, Iran, Somalia, Yemen, Yakushima Island, Japan, Minneapolis, Portland, Minnesota , Minneapolis, St, EU, Georgia, CNN's, Washington ,, AFP, Lebanon, Israel, what’s, Paris, China, India, Russia, United States, Ukrainian, Ukraine, lockstep, American, Manhattan, New York , Georgia, Florida, Washington, New York, York’s, Mexico, Kpler, Malaysia, Charlottesville, Charlottesville , Virginia, White, Virginia, Northam, East, , New York City, Saudi, al Qaeda, Texas, Colorado, California, Trump, Irvine, Germany, Berkeley
1 in 7 Gen Z credit card users are ‘maxed out’
  + stars: | 2024-05-17 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
CNN —Ariel Barnes plunged into a credit card debt spiral in college, and a decade later she’s yet to escape. Barnes, a manager of gift processing at Jackson State University, has maxed out seven credit cards and is struggling to make minimum payments on $30,000 of credit card debt. Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from the Federal Reserve Bank of New York. For instance, the median Gen Z borrower’s credit limit is just $4,500, compared with $16,300 for Millennials and $21,800 for Gen X, the NY Fed said. There’s never a good time to carry a credit card balance, but right now is arguably the worst time.
Persons: CNN — Ariel Barnes, Barnes, ” Barnes, Baby Boomer, Xers, , “ I’ve, Zers, Ted Rossman, Gregory Daco, ” Daco, haven’t, X, it’s, There’s, That’s, Daco, CNN’s Alicia Wallace Organizations: CNN, Jackson State University, Federal Reserve Bank of New, Fed, NY Fed, Bankrate.com, Wall, NY, Federal Locations: Jackson , Mississippi, Federal Reserve Bank of New York
US law enforcement officials have also been closely monitoring the incident to determine if a federal crime was committed, a senior US official familiar with the matter told CNN. Tom Brenner/ReutersA longtime political consultant, Kramer worked for Kanye West’s 2020 presidential bid and has a history of producing robocalls. Phillips’ campaign said it had no knowledge of his reported involvement with the AI Biden call. He said that Kramer told him to delete all of the emails between the two of them, and that he did. As figures at the center of American political scandals go, Carpenter is certainly “eccentric” – a word he uses to describe himself.
Persons: Paul Carpenter –, , Joe Biden’s, Carpenter, Dean Phillips, Biden, , “ I’m, Steve Kramer, Phillips, Kramer, Carpenter’s, Biden’s, Tom Brenner, Kanye, Phillips ’, robocalls, ” Phillips, Katie Dolan, ” Dolan, Hank Sheinkopf, Sheinkopf, CNN’s Jake Tapper, “ I’d, , who’s, Donald Trump, Sen, Lindsey Graham of, ” Carpenter, he’s, didn’t, Bruce Kramer, Brandon Kizy –, Paul Carpenter, CNN “ Paul, Paul, ” Kizy, Hany Farid, we’ve, ” Liz Purdy, I’d, “ I’ve, ” CNN’s Alison Main, Allison Gordon, Isabelle Chapman, Yahya Abou, Ghazala Organizations: CNN, New, Minnesota Rep, Democratic, NBC News, Commission, Reuters, South, Republican, University of California Berkeley Locations: Orleans, New Hampshire, Texas, New York, Pennsylvania, South Carolina, Minneapolis, New Orleans, Lindsey Graham of South Carolina
Gunfire interrupts an afternoon of celebratingPeople flee after shots were fired near the Kansas City Chiefs' Super Bowl LVIII victory parade on February 14, 2024, in Kansas City, Missouri. 43-year-old woman killed, several kids hurtThe gunfire killed Elizabeth “Lisa” Lopez-Galvan, a 43-year-old mother and DJ who was remembered as an avid Kansas City Chiefs fan with a natural gift for bringing laughter to those she knew. Chiefs give back to hurting communityThe Kansas City Chiefs and the United Way of Greater Kansas City launched KC Strong, an emergency response fund to help the shooting victims and their families, the team announced on X Friday. A sign made from chairs spelled out "KC STRONG" Thursday afternoon, Feb. 15, 2024, in front of Union Station, the site of a mass shooting at the Kansas City Chiefs Super Bowl rally on Wednesday. Tammy Ljungblad/The Kansas City Star/Tribune News Service/Getty ImagesThe siblings, ages 8 and 10, posed for photos in their hospital rooms with the Mahomes couple.
Persons: , Stacey Graves, , Andrew Caballero, Reynolds, ” Jacob Gooch, , Manny Abarca, CNN’s Laura Coates, Graves, Elizabeth “ Lisa ” Lopez, Galvan, Lisa Lopez, KKFI Lopez, Stephanie Meyer, ” Graves, Patrick Mahomes, Tammy Ljungblad, Taylor Swift, Lopez, Travis Kelce, CNN’s Alisha Ebrahimji, Alaa Elassar, Kevin Dotson, Caroll Alvarado, Megan Thomas, Michelle Krupa Organizations: CNN, Kansas City, Chiefs Super Bowl, Chiefs, Kansas City Chiefs, Denver, NBA’s Nuggets, Getty, Union Station, Police, , CBS, ” Authorities, Children’s Mercy Hospital, Children’s Mercy, Alcohol, Tobacco, Firearms, Explosives, Greater Kansas City, KC, Kansas City Chiefs Super, Kansas City Star, Tribune, Service, Swift Locations: Kansas, United States, Kansas City , Missouri, AFP, Union, Jackson County, Greater Kansas, Brittany
CNN —The National Archives in Washington, DC, closed early on Wednesday after two people dumped red powder on the display that protects the US Constitution, Archives officials said in a news release. “The Constitution was unaffected in its encasement. The individuals were immediately detained by security at the time of the incident, around 2:30 p.m., and officials are investigating, the Archives said. The National Archives Rotunda will remain closed for cleaning Thursday, the Archives said, but the rest of the National Archives Building will be open on its regular schedule. The Constitution is on permanent display as part of the “Charters of Freedom” exhibit showing the United States’ founding documents, along with the Declaration of Independence and Bill of Rights.
Persons: Colleen Shogan, Vincent van Gogh’s, , Claude Monet, of, Alicia Jennings, Rashard Rose, Laura Paddison Organizations: CNN, Archives, United, National Locations: Washington , DC, Giverny, , United States
New York CNN —Consumers bought fewer toys in all of 2023, including during the key Christmas toy-buying period, showing that households continue to pare back on discretionary products. But toy sales in all of 2023 dropped 8%, both in dollar terms (how much consumers paid for toys) and in unit sales (meaning how many toys consumers bought). This shows that shoppers bought fewer toys but also traded down in prices to cheaper toys. “While 2023 was a challenging year for the U.S. toy industry, the four-year compound annual growth rate remains positive,” she said. Among the toys that consumers did buy in 2023, Pokémon, Barbie and Squishmallows were the top three best-selling brands last year, according to Circana.
Persons: pare, Circana, , Juli Lennett, Lennett, I’ve, , ” Lennett, ” Jon Copestake, EY, ” Copestake, ” Robby Pettinato, Joy, ” Pettinato, Toy Joy, “ Anecdotally, “ That’s, it’s, Pettinato, Barbie, Squishmallows, Price, Melissa, Doug, – CNN’s Alicia Wallace, Katie Lobosco Organizations: New, New York CNN — Consumers, Commerce Department, Hasbro, Wild, Inc, CNN, , Star, Marvel, Disney Locations: New York, United States, U.S, Austin
Why the NFL went all in on sports gambling
  + stars: | 2024-02-10 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
On Sunday, the NFL will hold its first Super Bowl in Las Vegas, a city built on gambling. Even in 2003, gambling was as much a part of the NFL as tailgating, helmets and shoulder pads. Yet the change in the league’s relationship with sports gambling couldn’t be more obvious as it prepares for its first Super Bowl in Sin City. That direct spending is only part of the way the NFL has learned to profit from legalized gambling. The column came four years before the Supreme Court opened the door for legal sports gambling.
Persons: , Victor Matheson, ” Matheson, Jeff Miller, Bud, Miller, , Andrew Zimbalist, ” Zimbalist, Adam Silver, it’s, Zimbalist, ” CNN’s Alicia Wallace Organizations: New, New York CNN, National Football League, Super, Las Vegas Convention, Visitors Authority, NFL, College of, Gambling, Sports, Super Bowl, Caesars Entertainment, American Gaming Association, Smith College, New York Times, NBA, of Columbia Locations: New York, Las Vegas, Sin City, Nevada, , California, Texas
“The only time I use my grill that’s outside on my deck is for my Super Bowl party,” said Steward, in an interview with CNN. Tricks to manage the costThis year is the 26th year that San Francisco resident Amy Larson and her husband are throwing their Super Bowl party. “Super Bowl every year is my excuse to make him tailgating food, in particular hot wings,” she said. Over the years, Larson has perfected a few tricks to manage her Super Bowl food budget. “I also usually buy spirits and other drinks but I’m not sure about that either because of the higher prices,” Steward said.
Persons: Tod Steward, He’s, It’s, , Steward, Steward hasn’t, , haven’t, that’s, ” Tod Stewart, Tod Steward There’s, Debbie Downer, ” Michael Swanson, Swanson, ” Swanson, Amy Larson, Larson, Amy Larson's, Amy Larson “, ” Larson, he’s, ” Steward, , Alicia Wallace Organizations: New, New York CNN, Super Bowl, CNN, Wells Fargo, San, Bowl, Super Locations: New York, Seattle, Wells, San Francisco, Bay
What broke the American Dream for Millennials
  + stars: | 2024-01-19 | by ( Allison Morrow | ) edition.cnn.com   time to read: +11 min
For their nine-month-old son, Miles, Rachael and Garrett agree: They’re not going to push him to pursue the same path. “This is the American Dream,” Rachael says. The nest egg mythA common refrain Millennials heard from their Boomer parents is that buying is always better than renting. Luke Sharrett/Bloomberg/Getty ImagesCentral to the pitch of the American Dream is a house. “I don’t think anyone could have foreseen house prices going up 20% or 30% in a three-year period,” Garrett says.
Persons: Pennsylvania CNN — Rachael Gambino, Garrett Mazzeo, , Miles, Rachael, Garrett, They’re, ’ ”, ” Rachael, Kristen Gambino, Rachael Gambino, Deborah Brunswick, John General, America it’s, Brendan Duke, Baby, Millennials, gumming, Obama, , Louis, Boomer, Luke Sharrett, they’d, ” Garrett, they’re, homeownership, We’re, “ we’re, That’s, Duke, ” Duke, , Camerota, Matthew Friedman Organizations: Pennsylvania CNN, , CNN, Center for American Progress, of Education, America, Federal Reserve Bank of St, Bloomberg, Getty, Federal Reserve Bank of Philadelphia, Workers, Center, American Progress ’ Locations: Lansdale, Pennsylvania, America, United States, Attom, financials
New York CNN —The Black Friday and Cyber Monday billion-dollar US spending spree was fueled by “Buy Now, Pay Later” shoppers. On Cyber Monday, Buy Now, Pay Later purchases hit an all-time high, up 43% from a year ago, according to Adobe Analytics. The number of items per order also rose 11% annually as shoppers used Buy Now, Pay Later for larger purchases. Consumers risk stacking on debt they can’t pay off with Buy Now, Pay Later purchases, financial researchers say. While Buy Now, Pay Later was initially designed to help shoppers pay for big-ticket purchases, consumers are increasingly using these services to buy groceries and everyday necessities, research shows.
Persons: CNN’s Alicia Wallace Organizations: New, New York CNN, Adobe Analytics, New York Federal, Federal Reserve Bank of New Locations: New York
Bob Vander Plaats, president and CEO of the Family Leader, said he and the RNC came to an agreement on the forum. “The RNC and I have agreed on the format of @TheFamilyLeader November 17 Thanksgiving FAMiLY Forum. Nikki Haley, entrepreneur Vivek Ramaswamy and South Carolina Sen. Tim Scott – were invited to the Family Leader’s Thanksgiving Family Forum scheduled for November 17. There’s no way that should cause the RNC to penalize any candidate,” DeSantis told reporters after a campaign event in Ames, Iowa. Trump was invited to the event but has no plans to attend, an aide to the former president said.
Persons: Bob Vander Plaats, ” Vander Plaats, Donald Trump, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, South Carolina Sen, Tim Scott –, DeSantis, Scott, Ramaswamy RSVP’d, Drew Zahn, , It’s, ” DeSantis, Trump, Vander Plaats, ’ ” Vander, CNN’s Ali, Jeff Zeleny Organizations: CNN, Republican National Committee, Iowa Christian, RNC, Florida Gov, South Carolina Gov, Republican, Family, An Iowa Republican, Trump Locations: Iowa, Florida, South Carolina, Ames , Iowa, An
That’s important, because Americans’ spending on goods and services accounts for two-thirds of US gross domestic product. Historically, sluggish retail sales, credit card delinquency and even shoplifting have been signs of a dark cloud on the horizon. The question of credit card debt is another area where the nuance matters. And as a share of total credit card debt, it is relatively low. But Americans’ credit card debt is unquestionably rising.
Persons: CNN Business ’, New York CNN —, Macy’s, they’ve, Taylor Swift, Barbie, , Ubers, Covid, Taylor, Sarah Yenesel, Chris Rupkey, Leticia Miranda, That’s, TJ Maxx, Louis Navellier, they’re, Brett Ryan, , Alicia Wallace, you’ll Organizations: CNN Business, New York CNN, Dick’s Sporting Goods, Nike, FwdBonds, Atlanta Federal Reserve, , “ Retailers, Deutsche Bank, Walmart, Amazon, Federal Reserve, Bank of America Locations: New York
CNN —At least three people were killed and dozens were hospitalized after a tornado ripped through a town in the Texas Panhandle on Thursday afternoon, nearly leveling some buildings and prompting power outages. A view of a damaged site in Perryton as the town gets struck by a tornado in Texas on Thursday in this screengrab obtained from a social media video. Greg Abbott has deployed state emergency resources to “meet urgent life-safety needs in Perryton, Texas,” according to a news release from his office. Sabrina Devers/TMX/ReutersOfficials in Beaver County, Oklahoma, sent fire, law enforcement and EMS units to help, according to the county’s emergency manager Keith Shadden. The sheriff’s office in Hutchinson County — which includes Stinnett — also sent rescue and emergency operations following the “devastating tornado,” according to a Facebook post from the office.
Persons: Paul Dutcher, CNN’s Alisyn, Kelly Judice, ” Judice, Sabrina Devers, , Wes Reeves, Greg Abbott, Keith Shadden, , Judice, , Brian Emfinger, Emfinger, ” Emfinger, Cole Underwood, there’s, Ronny Jackson Organizations: CNN, Texas Panhandle, Xcel Energy, Texas Gov, Reuters, National Weather Service, NWS Locations: Texas, Perryton, Perryton , Texas, Beaver County , Oklahoma, Stinnett , Texas, Hutchinson County, Oklahoma, Michigan
“If policymakers fail to resolve the debt ceiling crisis, these dismal views over the economy will exacerbate the dire economic consequences of default.”The latest survey showed that the university’s consumer-sentiment index fell by 9% in May. Monthly household spending growth tumbled to 5.4% from a revised 7.1% in December, according to the New York Fed’s Household Spending Survey, which is fielded every four months. Michigan’s report showed US household spending was flat in March from the prior month, after limping just 0.1% in February. Stack on top of that the Federal Reserve’s punishing interest-rate increases and still-high inflation, and consumers might just tap out. The Conference Board’s sentiment survey showed that consumer confidence worsened in April as Americans became more worried about the jobs market.
Fact-checking Trump’s CNN town hall in New Hampshire
  + stars: | 2023-05-10 | by ( Cnn Staff | ) edition.cnn.com   time to read: +26 min
CNN —CNN hosted a town hall with 2024 Republican presidential candidate and former President Donald Trump on Wednesday night in New Hampshire. 2020 ElectionJust minutes after the town hall began, Trump claimed the 2020 election was “rigged.”Facts First: This is Trump’s regular lie. Trump claimed Wednesday that he got gas prices down to $1.87 – and “even lower” – but they increased to $7, $8 or even $9 under Biden. The Presidential Records Act says that the moment a president leaves office, the National Archives and Records Administration gets legal custody and control of all presidential records from his administration. First, there’s no provision for negotiating over Presidential records at the end of a term.
New York CNN —BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. With 11,000 job cuts announced in November and the 10,000 announced in March, Meta’s headcount will fall to around 66,000 — a total reduction of about 25%. The company announced in January that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. IndeedJob listing website Indeed.com announced cuts of approximately 2,200 employees, representing almost 15% of its total workforce, the company said in March. The cuts come after the company announced several rounds of job cuts throughout the pandemic due to falling demand, followed by rapid hiring last year.
But lately, some economists have begun to worry that the data on which Fed officials rely is becoming increasingly inaccurate. That causes more volatility in the incoming data and hence more volatility in markets, economists say. To what extent are declining response rates to surveys actually impacting the data we use? It is absolutely critical for the Fed and markets that the incoming data is as reliable as possible. Those earnings reached what Buffett called a “record” — $30.8 billion in 2022, topping the $27.5 billion in the prior year.
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