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☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

☆ JP Morgan has done an excellent job under Jamie Dimon's leadership, says RBC's Gerard Cassidy
▼ + stars: | 2024-10-11 | 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 EmailJP Morgan has done an excellent job under Jamie Dimon's leadership, says RBC's Gerard CassidyGerard Cassidy, RBC Capital Markets co-head of global financials research, joins CNBC's 'Squawk on the Street' to discuss big bank earnings reported this morning, his read on banking activity going into next year, and more.

Persons: JP Morgan, Jamie Dimon's, RBC's Gerard Cassidy Gerard Cassidy Organizations: RBC Capital Markets

☆ 2020 is back on the 2024 campaign trail
▼ + stars: | 2024-10-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

pic.twitter.com/mcgmR3q0SU — Kamala Harris (@KamalaHarris) October 4, 2024Former Trump 2020 staffer Matt Wolking said the Harris' campaign focus on January 6 illustrates a return to the core of what made Biden's campaign struggle. Trump's campaign blamed the media for the renewed focus on January 6. "Did Kamala Harris censor Americans from speaking their mind in the wake of the 2020 COVID situation?" Harris' campaign soon cut what Walz described as Vance's "damning non-answer" into an attack ad. AdvertisementAsked again about his views on the 2020 election, Vance remained defiant after a Friday rally.

Persons: Donald Trump's, Kamala Harris, Liz Cheney, —, Trump, Harris, Cheney, Cassidy Hutchinson, Bob Lange, Donald Trump, mcgmR3q0SU — Kamala Harris, Matt Wolking, Kamala, Wolking, Biden, hasn't, Karoline Leavitt, Jack Smith's, Mike Pence, Sen, JD Vance, Ohio, Tim Walz, Tim, Vance, Walz Organizations: Service, Capitol, Trump, Republican Party, Business, Biden, Voters, PBS, Marist, United States Maritime Alliance, Washington Post, Gov, Tuesday's, GOP Locations: Ripon , Wisconsin, Trump's, Pennsylvania, Michigan , Wisconsin , Pennsylvania, Arizona, Washington, Ohio

☆ Harris campaigns with Liz Cheney in a bid to win over Republicans skeptical of Trump
▼ + stars: | 2024-10-04 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

"I tell you, I have never voted for a Democrat, but this year, I am proudly casting my vote for Vice President Kamala Harris," Cheney told the crowd. Cheney said in September that both she and her father, Republican former Vice President Dick Cheney, would be voting for Harris over their party's nominee, former President Donald Trump. The Harris campaign has been looking for ways to take advantage of opposition to Trump within the Republican party. Since then, a small but growing number of prominent Republicans have come out in support of Harris' presidential campaign, including former Trump White House aide Cassidy Hutchinson and the Cheneys. "We have plenty of policy disagreements with Vice President Harris.

Persons: Liz Cheney, Kamala Harris, Harris, Cheney, Dick Cheney, Donald Trump, Trump's, Jack Smith, Trump, Harriet Hageman, Republican party's, Liz, Cassidy Hutchinson, Walz, denialism, Donald Trump's, Nikki Haley, Hillary Clinton, Joe Biden Organizations: Republican, Democratic, Democrat, Republicans, Washington D.C, House Republican Conference, Wyoming GOP, Trump, Republican Party, Historic Landmark, Trump White House, Wisconsin Republican, Wisconsin Republicans, Harris, Wisconsin's Electoral, Badger State Locations: Ripon , Wisconsin, Washington, Wyoming, Wisconsin, Carolina, Ripon

☆ Why revived horrors of January 6 may not impact the election
▼ + stars: | 2024-10-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But most of all, it’s a testimony to the often-malevolent magnetism that has made Trump a historic and enduring political figure. The special counsel alleged that Trump told family members, “It doesn’t matter if you won or lost the election. As well as the federal election case, the ex-president is facing a similar one in Georgia based on racketeering statutes. The former president refused to accept the result of the 2020 election that he lost. Biden made Trump’s threat to democracy the centerpiece of his now-shelved run for president, warning that his predecessor represents an unprecedented threat to America’s soul.

Persons: Donald Trump’s, Jack Smith, Liz Cheney, Kamala Harris, Harris, Cheney, Trump, it’s, ” Cheney, Donald Trump, Dick Cheney —, —, ”, Alyssa Farah Griffin, Cassidy Hutchinson, Sarah Matthews, “, Smith, Joe Biden’s, Biden, ” Trump, He’s, Brian Kemp, vilifying Kemp, General Merrick Garland, Harris ’ Organizations: CNN, Democratic, Trump, Capitol, Democrat, GOP, Trump White, Washington, Republican, Republicans, Georgia Gov, Biden’s, —, Supreme Locations: Wisconsin, Ripon , Wisconsin, Iraq, Wyoming, In Wisconsin, Montgomery County , Pennsylvania, United States, Georgia, New York, Manhattan, Florida, Washington

☆ Loan demand will increase as banks gain confidence the economy is expanding: RBC's Gerard Cassidy
▼ + stars: | 2024-10-04 | 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 EmailLoan demand will increase as banks gain confidence the economy is expanding: RBC's Gerard CassidyGerard Cassidy, co-head of global financials research at RBC Capital Markets, joins CNBC's 'Money Movers' to discuss his read on the jobs report, when loan demand will start to increase, and more.

Persons: RBC's Gerard Cassidy Gerard Cassidy Organizations: RBC Capital Markets

☆ Four prominent previously pro-Trump GOP women to make the case against him in battleground Pennsylvania
▼ + stars: | 2024-10-03 | by ( Jake Tapper | ) edition.cnn.com time to read: +1 min

CNN —Former House GOP conference chair Liz Cheney and former Trump White House aides Alyssa Farah Griffin, Cassidy Hutchinson and Sarah Matthews will make the case against the reelection of former President Donald Trump in a fireside chat in Montgomery County, Pennsylvania, next week, CNN has exclusively learned. The event will follow Cheney’s expected Thursday appearance with Vice President Kamala Harris in Wisconsin, another critical swing state. Cheney, Hutchinson and Matthews have endorsed Harris. Griffin, a CNN political commentator, has not, though she often uses her platforms on CNN and on “The View” to warn of the peril she sees in a second Trump term. It is not an official event for the Harris-Walz campaign.

Persons: Liz Cheney, Alyssa Farah Griffin, Cassidy Hutchinson, Sarah Matthews, Donald Trump, Cheney’s, Kamala Harris, Hutchinson, Matthews, Harris, Griffin, Walz Organizations: CNN, Former House GOP, Trump White, Trump, Democracy, GOP Locations: Montgomery County , Pennsylvania, Wisconsin, Cheney, Philadelphia

☆ Bipartisan bill aims to let small businesses hedge commodity costs: Senators Shaheen and Cassidy
▼ + stars: | 2024-09-25 | 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 EmailBipartisan bill aims to let small businesses hedge commodity costs: Senators Shaheen and CassidySenators Jeanne Shaheen (D-NH) and Bill Cassidy (R-LA) join CNBC's 'Power Lunch' to discuss their new bill to help small businesses, the state of the economy, and more.

Persons: Shaheen, Cassidy, Jeanne Shaheen, Bill Cassidy

☆ The Social Security curveballs making retirement even more confusing
▼ + stars: | 2024-09-24 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

The measures reduce Social Security benefits accrued during private-sector work to compensate for the state or local government pension benefits. The Social Security Administration reported the average monthly check as of July 2024 is about $1,783. Meanwhile, nearly half of WEP-affected Social Security beneficiaries had pensions above $3,000 a month in 2023. In her 20s, McLeod worked various part-time and lower-paying clerical roles, all of which paid into Social Security. "They said you get a good enough retirement from the state, so you'll be OK not getting all your Social Security."

Persons: —, Patrice Earnest, Earnest, Jane Roth, Roth, She's, she'd, it's, Karen Smith, Janis Hernandez, Critics, they've, we're, Louisiana Sen, Bill Cassidy, Republican who's, Anne McLeod, McLeod Organizations: Service, Social, Business, —, Social Security, GPO, Security, Workers, Urban Institute, Social Security Administration, Center, National Task Force, Force, Republican, Budget Locations: New Haven, Louisiana, New Orleans

☆ Sen. Bill Cassidy on drug prices: There's a tension between innovation and affordability
▼ + stars: | 2024-09-23 | 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 EmailSen. Bill Cassidy on drug prices: There's a tension between innovation and affordabilitySenate Health, Education, Labor and Pensions Committee ranking member Sen. Bill Cassidy (R-La.) joins 'Squawk Box' to discuss the state of drug pricing in the U.S., what to expect from the weight-loss drug price hearing today, fixing social security, and more.

Persons: Email Sen, Bill Cassidy, Sen Organizations: Email, Education, Labor Locations: U.S

☆ Bank margins should 'open up' as Fed begins rate cuts, says RBC's Gerard Cassidy
▼ + stars: | 2024-09-20 | 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 EmailBank margins should 'open up' as Fed begins rate cuts, says RBC's Gerard CassidyGerard Cassidy, RBC Capital Markets managing director, joins 'Squawk on the Street' to discuss the impact of rate cuts on banks, what will happen with loan demand, and more.

Persons: RBC's Gerard Cassidy Gerard Cassidy Organizations: RBC Capital Markets

☆ Cassidy: Issues cropping up at Goldman Sachs and JPMorgan are a bump in the road
▼ + stars: | 2024-09-11 | 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 EmailCassidy: Issues cropping up at Goldman Sachs and JPMorgan are a bump in the roadRBC's Gerard Cassidy discusses the health of the banking sector, following warnings from Goldman Sachs and JPMorgan this week about weakness in some parts of their businesses.

Persons: Cassidy, Goldman Sachs, Gerard Cassidy Organizations: JPMorgan

GOP senators 'hesitant' to mandate IVF coverageBut there is scant evidence of a Republican appetite for that plan in Congress. “I don’t know that we need to go so far as to mandate IVF coverage,” Lummis said. Rep. Jim Banks, R-Ind., a former chair of the conservative Republican Study Committee and a Senate candidate, said he hasn’t seen a Trump policy plan on IVF to evaluate. “I don’t know what that would look like — to make it free.”Democrats say Trump is lying and trying to bamboozle voters. “Donald Trump will say anything that he thinks might be one more vote in favor of Donald Trump.

Persons: WASHINGTON — Donald Trump’s, Trump, “, ”, Marjorie Taylor Greene, aren’t, Greene, isn’t, Sen, Josh Hawley, “ it’s, ” Hawley, hadn’t, ” Trump, “ We’re, it’s, Thom Tillis, we’ve, We’ve, ” Sen, Joni Ernst, Bill Cassidy, Trump hadn’t, ” Cassidy, that’s, It's, Cynthia Lummis, ” Lummis, Karoline Leavitt didn’t, Rand Paul, it'd, ” Paul, you’re, Tim Burchett, Jim Banks, hasn’t, Elizabeth Warren, ” Warren, “ Donald Trump, Donald Trump, Ohio Sen, Vance, Donald Trump’s, ” “ Trump, Katie Britt, ” Britt Organizations: Trump, NBC News, Republicans, Congress, NBC, Republican Party, Republican, Health, Education, Labor, Pensions, Democratic Party, Alabama Supreme, CBS, Democratic, “, GOP, Committee, Senate, Ohio Locations: Iowa, Alabama, Ky

WASHINGTON — Despite mounting opposition from his own party, Speaker Mike Johnson, R-La., vowed Tuesday to stay the course and put his government funding package on the House floor on Wednesday. His initial strategy to avert a government shutdown at the end of the month is expected to fail and deal House Republicans an embarrassing blow. Due to their paper-thin majority, Republicans can afford only a handful of GOP defections on the vote, and many more than that have publicly voiced their opposition. “I am in this to win this,” Johnson told reporters at his weekly news conference. Afterward, the speaker added: “We are going to put the SAVE Act and the CR together, and we’re going to move that through the process.

Persons: Mike Johnson, Donald Trump, Johnson, “, ” Johnson, ”, Jim Banks, Cory Mills, Matt Rosendale, Montana —, Mills, Dan Meuser, ” Meuser, “ Shutdowns, Sen, Thom Tillis, Bill Cassidy, “ I’m, ” Cassidy Organizations: SAVE, Democratic, White, GOP, Republicans Locations: WASHINGTON, Jim Banks of Indiana, Florida, Montana, Mexico

☆ A major student-loan company is once again at the center of a lawsuit blocking debt cancellation for millions of borrowers
▼ + stars: | 2024-09-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Even with the financial burden his student debt has brought him, Larry said he has tried to remain optimistic about the prospect of debt relief, given President Joe Biden and Vice President Kamala Harris' actions during their term. Larry and millions of other student-loan borrowers will have to keep waiting. It's the same argument a different group of GOP states used that led the Supreme Court to strike down Biden's first attempt at broad debt relief last summer. Their arguments are based on internal documents the states obtained from the Education Department to federal student-loan servicers regarding preparation to implement its second try at broader debt relief. According to the documents, the Education Department sent a memo to MOHELA saying, "In September of 2024, the Biden-Harris Administration will launch the Federal Student Loan Debt Initiative."

Persons: missouri Larry, bachelor's, Larry —, —, Larry, Joe Biden, Kamala Harris, I've, they've, I'm, Biden, Biden's, Luke Herrine, Herrine, Harris, Sen, Bill Cassidy, MOHELA, he's Organizations: Service, Business, Higher, University of Alabama, GOP, Department of Education, Education Department, Biden, Harris Administration, Federal, Loan, Initiative, Department, Republican Locations: missouri, Georgia's, Missouri, Missouri , Georgia, Alabama , Arkansas, Florida, North Dakota, Ohio

☆ Trump and Biden agree: The US should finally start a sovereign wealth fund
▼ + stars: | 2024-09-08 | by ( Lakshmi Varanasi | Katie Balevic | ) www.businessinsider.com time to read: +5 min

So it is noteworthy that Democratic and Republican leaders both appear to want to establish a sovereign wealth fund to help the United States pay for stuff. Saudi Arabia's Public Investment Fund, which manages about $925 billion in assets, reported a $36.8 billion profit for 2023, according to Reuters. This isn't the first time Washington has toyed with the idea of a sovereign wealth fund. Last March, a group of bipartisan lawmakers led by Sen. Angus King and Sen. Bill Cassidy began discussing a sovereign wealth fund to pay for Social Security. The White House's interest in a sovereign wealth fund stems partly from its desire to compete with China, which has multiple state-owned funds itself.

Persons: —, Joe Biden, Jake Sullivan, Daleep Singh, Biden, Donald Trump, LIV Golf, Sen, Angus King, Bill Cassidy, Mitt Romney, John Paulson, Larry Summers Organizations: Service, Democratic, Republican, National, Bloomberg, Business, White, Economic, of New, Fund, Reuters, Norges Bank Investment Management, Saudi Arabia's Public Investment Fund, Blackstone, LIV, Social Security, America, Bloomberg Television Locations: United States, of New York, Saudi Arabia, Norway, Norway's, PIF, Heathrow, American, Washington, China

☆ Banks will continue to outperform if the Fed starts to cut and there's a soft landing: RBC's Cassidy
▼ + stars: | 2024-08-23 | 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 EmailBanks will continue to outperform if the Fed starts to cut and there's a soft landing: RBC's CassidyGerard Cassidy, RBC Capital Markets co-head of global financials research, joins 'Squawk on the Street' to discuss the latest market trends, state of the banking sector, impact of the Fed's rate outlook and 2024 election on banks, and more.

Persons: RBC's Cassidy Gerard Cassidy Organizations: RBC Capital Markets

☆ A boomer with $50,000 in student loans voted for Trump in the last election. But with Biden's new repayment plan blocked, she's considering supporting a Democratic ticket.
▼ + stars: | 2024-07-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

"I want to be able to just breathe, but retiring and having to pay for student loans when I'm not even working anymore and paying most of my Social Security to student loans, it's ridiculous. Hill said the uncertainty with her student loans is forcing her to push back her timeline to retire. She's a teacher and has loans because she went back to school in 2009 to get her teaching degree, which she funded through grants, scholarships, and student loans. AdvertisementThe Education Department has vowed to continue fighting for the SAVE plan in court. Are your student-loan payments influencing how you will vote in the election?

Persons: —, Rebecca Hill isn't, Hill, Joe Biden's, that's, I've, She's, she's, I'm, Trump, Biden's, Biden, Mitch McConnell, Bill Cassidy, Kamala Harris Organizations: Service, Trump, Business, Security, GOP, Circuit, University of Pennsylvania's Wharton School, Democratic Party, Invest, Republican, Department, Public Locations: Wisconsin, PSLF

☆ A millennial dad's $0 student-loan payments gave his family some breathing room. Then courts blocked Biden's repayment plan leaving 8 million borrowers like him in limbo.
▼ + stars: | 2024-07-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Throughout his repayment, Pedrick has been on an income-driven repayment plan, which calculated his payments based on his five-figure salary. "And I was really thankful not to have to pay my student loan payments at that point." Earlier this year, two separate groups of attorneys general filed lawsuits to block the SAVE plan. The department is still carrying out account adjustments, during which it brings borrowers' payments up to date to bring them closer to relief. Are you concerned about the future of your student-loan payments?

Persons: Alan Pedrick, he's, Pedrick, Joe, He's, Biden, — Pedrick, Bill Cassidy, Biden's, Cassidy, Miguel Cardona, Cardona, it's, I'm Organizations: Service, Business, GOP, SAVE, forbearance, Education Department, Senate, Republican

☆ EU moves high-level meetings out of Budapest to protest Orbán’s Ukraine war stance
▼ + stars: | 2024-07-22 | by ( Caitlin Danaher | ) edition.cnn.com time to read: +3 min

“I can say that all member states, with one single exception, were very much critical about this behavior,” he added. “European Union policy is not a pro-war policy. Borrell’s decision comes after European Council President Charles Michel firmly hit back at Orbán’s claim that the EU has led a “pro-war policy” in a letter published last week. “Russia is the aggressor and Ukraine is the victim exercising its legitimate right to self-defense. Russia is leading a war of aggression in blatant violation of international law, Ukraine’s territorial integrity and sovereignty in accordance with the UN Charter,” Michel wrote.

Persons: Viktor Orbán, ” Borrell, “, ’, ” Borrel, Putin, Borrell’s, Charles Michel, ” Michel, Orbán, Vladimir Putin, Xi Jinping, Donald Trump, Orban, Ursula von der Leyen, ” Orban, Niamh Kennedy, James Frater, Amy Cassidy, Jennifer Hansler Organizations: London CNN, European Union, Union, European, EU, UN, Ukraine “, CNN Locations: Budapest, Brussels, Hungary, Ukraine, Hungary’s, Hungarian, Russia, Moscow, Beijing, Florida

☆ Big Banks rally around earnings: Why Bank of America is RBC’S top pick in the space
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Banks rally around earnings: Why Bank of America is RBC’S top pick in the spaceGerard Cassidy, RBC Capital Markets co-head of global financials research, joins 'Fast Money' to talk the Big Banks stock rally.

Persons: Gerard Cassidy Organizations: Bank of America, RBC Capital Markets, Big Banks

☆ Top Wall Street analysts are pounding the table on these 3 dividend stocks
▼ + stars: | 2024-07-14 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors can track Wall Street analysts' ratings to select stocks of dividend-paying companies that have attractive growth prospects, which could boost earnings and cash flows to support higher dividends. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Northern Oil and GasThis week's first dividend stock is Northern Oil and Gas (NOG). NOG paid a dividend of 40 cents per share for the first quarter, reflecting an 18% year-over-year increase. JPM highlighted that this potential increase in the Q3 dividend would mark the second dividend hike this year.

Persons: Wall, NOG, Scott Hanold, Hanold, TipRanks, JPMorgan Chase, JPMorgan Chase JPMorgan Chase, Gerard Cassidy, Cassidy, WMT, Corey Tarlowe, Tarlowe Organizations: Walmart, Northern Oil, Resources, SM Energy, RBC Capital, JV, JPMorgan, JPMorgan Chase JPMorgan, JPM, Consumer, Community, Investment Banking, Wealth Management, Commercial Banking, Jefferies, Fox Robotics, Club Locations: Hurricane , Utah, Williston, Uinta, TipRanks, U.S

☆ Student-loan borrowers are entering a new 'Wild West' where any form of debt relief is much less certain
▼ + stars: | 2024-07-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Read previewLegal challenges against student-debt relief efforts continue, making the fate of millions of borrowers all the more uncertain. When it comes to higher education, the ruling will impose more barriers on regulations that are particularly controversial, like efforts to forgive student debt. The Education Department is working on finalizing its second attempt at a broader debt relief plan, which it hopes to implement this fall. But striking down Chevron could pose even more barriers to debt relief and many higher education regulations borrowers rely on. After the Supreme Court's Chevron ruling, Sen. Bill Cassidy — top Republican on the Senate education committee — sent a letter to Education Sec.

Persons: —, Chevron, Jon Fansmith, Fansmith, Joe Biden, haven't, It's, Neal Hutchens, Sen, Bill Cassidy —, Miguel Cardona, Cassidy, Hutchens Organizations: Service, Business, American Council, Education, Higher, Education Department, Chevron, of Educational Policy, University of Kentucky, Republican, Sec Locations: Chevron

☆ Meet the retirees driving for Uber and Lyft because Social Security isn't enough
▼ + stars: | 2024-07-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

AdvertisementSome recently started driving for Uber and Lyft to earn extra income and have something to do. AdvertisementHaving something to do in retirementSome drivers like Glenn Mueller, 75, said Uber driving gives him something to do in his retirement. Others like Bob Milosavljević, 72, rely on driving income to supplement his Social Security income. Now, Petrie, who lives in Anderson, South Carolina, said he gets $1,780 in Social Security, which isn't enough to cover all his expenses. He retired 11 years ago in Southwest Florida and started driving for Uber and Lyft in 2017 to supplement his Social Security.

Persons: George Conner, Uber, they're, they'll, Lyft, Glenn Mueller, Mueller, Bob Milosavljević, Milosavljević, hasn't, That's, David Petrie, Petrie, Steve Wilkie, —, Wilkie, Marilyn Cassidy, she's, Cassidy, Susan Harward, Harward Organizations: Service, Social Security, Business, BI, Security, Fort Myers Locations: Florida, Naples , Florida, Boston, Anderson , South Carolina, Southwest Florida, Miami, Fort, Myrtle Beach , South Carolina, Salt Lake City

☆ Netanyahu rejects report citing top Israeli generals as wanting a ceasefire in Gaza with Hamas still in power
▼ + stars: | 2024-07-02 | by ( Amy Cassidy | Eugenia Yosef | ) edition.cnn.com time to read: +3 min

CNN —Israeli Prime Minister Benjamin Netanyahu has rejected the idea of starting a ceasefire in Gaza while Hamas remains in power, after The New York Times published an article citing six current and former security officials who said a truce would give Israeli troops time to prepare for a potential land war with Hezbollah. The officials, most of whom spoke anonymously to “discuss sensitive security matters,” also said a truce would be the most effective way to secure the release of the Israeli hostages. We will not capitulate to the winds of defeatism, neither in The New York Times nor anywhere else. “They (the IDF) understand that a pause in Gaza makes de-escalation more likely in Lebanon,” Hulata told the Times. When asked by the Times if it supported a truce, the IDF released a statement that didn’t answer the question directly.

Persons: Benjamin Netanyahu, ”, Eyal Hulata, Netanyahu, “, ” Hulata Organizations: CNN, Israeli, The New York Times, Former Israeli National, Times, Israel, IDF, Hezbollah Locations: Gaza, Israel, defeatism, The, Israel’s, Lebanese, Lebanon

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