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☆ Trump vs. the FBI, explained
▼ + stars: | 2024-11-23 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

But there’s a growing expectation that he will quickly make at least one new vacancy by firing FBI Director Christopher Wray. “There certainly was the question, can any president fire an FBI director when there’s a legislated 10-year term,” Charles said. Robert S. Mueller III, who happened to be the former FBI director. In this 2017 photo, then-President Donald Trump sits with FBI Director Christopher Wray in Quantico, Virginia. Trump wants to go in the opposite direction today and bring the FBI more under the control of the president.

Persons: Donald Trump, Christopher Wray, Trump, Wray, J, Edgar Hoover’s, he’d, James Comey, Comey, Barack Obama, Bill Clinton, William Sessions, Jimmy Carter, Clarence Kelley, Carter, Kelley, Douglas Charles, there’s, ” Charles, Hillary Clinton, Clinton, Andrew Harnik, cascaded, Rod Rosenstein, Rosenstein, Jeff Sessions, Robert S, Mueller III, Mueller, Obama, Trump’s, Paul Manafort, Michael Cohen, Bill Barr, didn’t, Steele, Robert Mueller, Chip Somodevilla, Peter Strzok, Lisa Page, Strzok, Andrew McCabe, McCabe, Wray Wray, John Durham –, Barr, Sessions, Evan Vucci, Douglas Organizations: CNN —, Republican, FBI, Trump, Democratic, GOP, Penn State University, Department, Trump’s Justice Department, NBC News, Senate Intelligence, Justice, Trump’s, Justice Department, Images Trump, CNN, Department of Justice, Teapot Locations: Russia, Washington ,, Washington, New York, Quantico , Virginia

☆ Elon Musk teases potential MSNBC offer: 'How much does it cost?'
▼ + stars: | 2024-11-23 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk teased the idea of buying the TV network MSNBC. Elon Musk has teased the idea of buying the liberal TV network MSNBC. Musk floated the idea on social media, responding to a post on X shared by Donald Trump Jr. that said Comcast was putting the network up for sale. AdvertisementWhile there's no formal indication that Musk intends to go ahead with an offer for MSNBC, the idea has already sparked some concerns. President-elect Donald Trump.

Persons: Elon Musk, Musk, Donald Trump Jr, Trump, Elon, Thomas Whalen, Whalen, Vladimir Putin, Donald Trump, Chip Somodevilla, Donald J Organizations: MSNBC, Comcast, TV, Twitter, Boston University, Telegraph, Getty, Radical Left Democrats, Trump, Business Locations: Russia

☆ Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump
▼ + stars: | 2024-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.

Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago

Plus, not all of his Fox News picks are for Cabinet roles. A TV doc to oversee health insurance for 160 million-plus AmericansDr. Mehmet Oz outside of a polling location during the primary election in Rockledge, Pennsylvania, on May 17. In between failed bids for the Republican presidential nomination in 2008 and 2016, Huckabee hosted a show on Fox News. Homan was actually the first of Trump’s picks to be announced from the Fox News orbit. An anti-mainstream conspiracy theorist and author to oversee health policyRobert F. Kennedy Jr. in New York in May.

Persons: Joe Biden, Donald Trump, Trump’s, Trump, Dan Bongino, Read, Hegseth, John Lamparski, Pete Hegseth, Tulsi Gabbard, Mehmet Oz, Hannah Beier, Oprah, Mike Huckabee, Chip Somodevilla, Sarah Huckabee Sanders, Huckabee, he’s, there’s, Sean Duffy, Mary F, Reuters Long, MTV’s, ”, Duffy, Rachel Campos, she’s, “, Justin Sullivan, Robert F, Kennedy Jr, Elon, Gabbard, Hillary Clinton, ’ Tom Homan, Kamil Krzaczynski, Tom Homan, ” Homan won’t, Homan, Brian Stelter, Anthony Scaramucci, Richard Grenell, Heather Nauert, Morgan Ortagus, Bill Shine, Lev Radin, Kennedy, There’s, Dr, Anthony Fauci, Bill Gates, Peter Bergen, Linda McMahon, Jeenah, McMahon, Vince McMahon Organizations: CNN, ”, Black Americans, Fox News, Service, Fox News Channel Studios, Army National Guard, Joint Chiefs of Staff, Army, Medicare, Services, Holy Land Former Arkansas Gov, Republican, Trinity Broadcasting Network, Calvert, Reuters, Boston, Trump, “ Fox, Friends, Hegseth, Fox Business, Fox, Democratic Party, Democratic, Elon Musk’s, Convention, Getty, Customs, Human Services, New York Times, Republican National Convention, Trump’s, Business Administration, WWE Locations: America, Washington, New York, New York City, Iraq, Rockledge , Pennsylvania, Pennsylvania, Drexel Hill , Pennsylvania, Arkansas, Jerusalem, Israel, Rayburn, Washington , DC, Wisconsin, Russia, Las Vegas, Syria, Milwaukee, AFP

☆ The stock market could be a $50 trillion guardrail on Trump
▼ + stars: | 2024-11-19 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Yet there is another force that could deter Trump from some of his most extreme instincts: the $50 trillion US stock market. A view of the New York Stock Exchange on Wall Street on November 13 in New York City. A view of the New York Stock Exchange (NYSE) on Wall Street November 13, 2024, in New York City. Angela Weiss/AFP/Getty Images“There is zero chance that he will take personally any negative feedback from the stock market,” said Sonnenfeld. While the stock market initially celebrated the election results, the bond market did not.

Persons: Donald Trump, Gary Cohn, Trump, Jack Smith, CNN’s Kayla Tausche, ”, Isaac Boltansky, Angela Weiss, Jerome Powell, Trump’s, Xi Jinping, Ed Mills, Raymond James, Jeffrey Sonnenfeld, Alexander Hamilton, Chip Somodevilla, ” Lori Calvasina, it’s Organizations: New, New York CNN, Trump Republicans, Dow Jones, Federal, New York Stock Exchange, Getty, Trump, CNN, Yale, Leadership, Treasury, Fed, U.S . Department of Treasury, RBC Capital Markets Locations: New York, China, New York City, Argentina, Washington, “, Washington ,, recalibrate

☆ ‘It’s on him’: Democrats look to Hakeem Jeffries to plot a path to revival
▼ + stars: | 2024-11-19 | by ( Sarah Ferris | Annie Grayer | ) edition.cnn.com time to read: +9 min

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

☆ Many women are unsure about Trump’s style and agenda. They voted for him anyway
▼ + stars: | 2024-11-19 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

But even with Trump’s gains among men, women still had greater leverage to decide the election’s outcome. Both the exit polls and VoteCast showed her winning 57% of white women with at least a four-year college degree. Solid majorities of Black, Latina and college-educated White women described Trump in the exit poll as “too extreme,” as did over two-fifths of the White women without a college degree. But among the White women without a college degree who described Trump as “too extreme,” almost 1 in 5 voted for him anyway. Though many women are expressing unease about mass deportation, Trump’s claim that immigrants are driving crime may provide him considerable leeway to pursue his agenda, particularly among the blue-collar White women who proved most receptive to that argument.

Persons: Donald Trump, Kamala Harris, Joe Biden’s, Harris, ”, Jenifer Fernandez Ancona, Trump, –, Biden, Joe Rogan, NORC, VoteCast, Harris’s, John Kerry, George W, Bush, White, Chip Somodevilla, Court’s Dobbs, Voters “, ‘, ’, pollster Nicole McCleskey, Dobbs, Harris ’, “, pollster Christine Matthews, Jackie Payne, ” Payne, Will Lanzoni, Bill Clinton, Robert F, Kennedy Jr, Mifepristone, Matthews, ambivalently, Tresa Undem, …, Trump’s, Fernandez Ancona, can’t, Hillary Clinton Organizations: CNN, Trump, Edison Research, AP, Gallup, Democratic, Biden, Santander Arena, Nationwide, Wall, White, Latina, Voters, Republican National Convention, Republican, GOP, Congressional, Republicans, White House, Trump ., Human Services Department, Pew Research Center, Pew, ” Locations: Michigan , Pennsylvania, Wisconsin, Reading , Pennsylvania, Michigan, Pennsylvania, Nebraska, Milwaukee , Wisconsin, America

Labor leaders say Democrats need to rethink their approach to working-class voters. Former Fox News host Pete Hegseth’s attorney confirmed he paid a woman after she accused him of sexual assault. He also denied that the encounter between Hegseth and an unnamed woman, which she alleges happened in 2017, was sexual assault. 🏈 The Kansas City Chiefs’ undefeated season is no more as the Buffalo Bills beat their AFC rivals 30-21 at home. Bills quarterback Josh Allen threw for 262 yards with one touchdown and one interception as Buffalo improved to 9-2.

Persons: Pete Hegseth’s, Democratic Party ’ Donald Trump, Chip Somodevilla, Kamala Harris ’, ”, Brent Booker, ” Booker, Mike Johnson, Trump, Brendan Carr, Roy Rochlin, Donald Trump, “, Parlatore, Dick Schoof, Nora Achahbar, NFL Gregory Bull, Greg Rosenstein, hird, 🐆 Organizations: Labor, Former Fox News, Union, Democratic Party, ’ International Union of, ”, Trump, Federal Communications Commission, Justice Department, FBI, Trump Pentagon, Fox News, NBC News, Washington Post, Authorities, Hegseth, Getty Images, Dutch, NFL, Los Angeles Chargers, Cincinnati Bengals, Sunday, NBC Locations: Amsterdam, Netherlands, West Palm Beach, Fla, Biden’s, ’ International Union of North America, Afghanistan, Hegseth’s, Monterey , California, Anadolu, Getty Images Amsterdam, Moroccan

The idea is to help Ukraine hold on to Kursk for as long as possible, the official said. : Biden’s decision comes at one of the most perilous moments for Ukraine in a war that has raged for nearly 1,000 days. Thousands of North Korean troops have been deployed to support Moscow’s effort in Kursk, while Russian troops are making significant gains on the eastern frontlines in Ukraine. The shift in policy also comes as Biden prepares to make way for President-elect Donald Trump. Trump has said he could settle the war in one day, without saying how he would do so.

Persons: Joe Biden, Chip Somodevilla, Biden, Donald Trump, “ Trump, Trump Organizations: White, Getty, Kyiv, Ukraine Locations: Washington ,, Ukraine, Russia, Moscow, Kursk, Russian, United States

☆ There's a gender gap among news influencers on social media, new Pew data shows
▼ + stars: | 2024-11-18 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

AdvertisementMen far outnumber women as news influencers on social media, per a new Pew Research Center study. That gender skew is showing up again in the latest platform for news: social media. That gender gap stands out for a few reasons:First, there's a much narrower gender divide (51% male and 46% female) among working US journalists, per a 2022 Pew survey. In Pew's analysis, there was a much smaller (and flipped) gender gap in the overall audience for news content on social media among young people. YouTube had the biggest gender gap, while TikTok's was minimalThe gender divide among news influencers was fairly consistent across all platforms in Pew's study.

Persons: Walter Cronkite, Edward R, Murrow, Mark Penn Pew, Izea, influencers, Donald Trump, JD Vance, Joe Rogan, Adin Ross, John Della Volpe, bro, Trump, Kamala Harris, Alex Cooper, Influencers, Nabela Noor, Chip Somodevilla, Harris, Howard Stern, Galen Stocking, TikTok's Organizations: Pew Research Center, Pew Research, Journalism, Pew, Harvard Kennedy School Institute of Politics, Democratic National Convention, Spotify, Apple, YouTube

A woman told the House Ethics Committee that she saw Matt Gaetz, who is President-elect Donald Trump’s pick for the U.S. attorney general, have sex with a minor, her lawyer said Friday. “My client testified to the House Ethics Committee that she witnessed Rep. Gaetz having sex with a minor at a house party in Orlando in 2017,” Joel Leppard said. Then-Rep. Matt Gaetz, R-Fla., on Capitol Hill, on April 30. Chip Somodevilla / Getty Images fileLeppard said the woman he represents testified before the House Ethics Committee in April. A House Ethics Committee investigation was launched in April 2021.

Persons: Matt Gaetz, Donald Trump’s, “, ” Joel Leppard, Chip Somodevilla, Leppard, ” Leppard, “ Merrick, Garland, Gaetz, reauthorized, Mike Johnson, Trump Organizations: U.S, Republican U.S, Wednesday, Trump, Capitol, NBC News, ABC News, Florida Panhandle, Department of Justice, Republican, Republican Senate Locations: Orlando, Florida’s, Florida

☆ Some voters retain optimism for a woman president following Trump's win: 'Americans are ready, it just wasn't meant to be Harris'
▼ + stars: | 2024-11-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +8 min

But the idea of electing the first female president didn't strongly motivate people to turn out. They don't expect that America will have to wait much longer for a female president. "I voted for Vice President Harris, but there was so much pause in that decision — I debated it for weeks," she says. Harris' loss has not diminished Amiwala's optimism that the U.S. could elect its first female president soon. "I think Americans are ready for a woman president, it just wasn't meant to be Harris," Amiwala says.

Persons: Kamala Harris, Donald Trump, Hillary Clinton's, didn't, Harris, Ali Vitali, —, Joe Biden, Vitali, Amiwala, she's, that's, Chip Somodevilla, Chabaka, Biden, Natasha Bowman, Bowman, Trump, Alejandra Toro, Toro, — wasn't, Laura Kray, Kray, Taylor Swift Organizations: AP VoteCast, NBC News, CNBC, NBC, Capitol Hill, AP, Carolina Girls, Horizon, Getty, Republican, Center for Equity, UC Berkley's Haas School of Business Locations: Fairfax , Virginia, America, U.S, Chicago, Israel, Palestine, Greensboro , North Carolina, Sioux Falls , South Dakota, New York, Charlotte , North Carolina

☆ Trump's first term avoided a fight in the South China Sea. It's only getting harder.
▼ + stars: | 2024-11-13 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementIn his first term, Donald Trump ramped up military actions to counter China in the South China Sea. South China Sea observers expect continuity with the Biden administration, which tried to ramp up diplomatic efforts and strengthen US alliances and security partnerships. Chinese Coast Guard holding knives and machetes as they approach Philippine troops in the disputed South China Sea on June 17, 2024. AdvertisementThough Trump hasn't outlined a specific South China Sea plan, he could pursue his broader foreign policy mantra of "peace through strength." "Unrestrained US militarization is precisely what drives Beijing's insecurity and will continue to exacerbate tensions in the South China Sea," Marston said.

Persons: Donald Trump ramped, Donald Trump, Trump, Hunter Marston, Trump hasn't, Biden, Gregory Poling, Joe Biden, Marston, Sari Arho Havrén, Chip Somodevilla, Zeno Leoni, Leoni Organizations: Australian National University, China, Southeast Asia, Center for Strategic, International Studies, Trump, Coast Guard, Armed Forces, AP, CBS, Royal United Services, Ukraine, King's College London's Defense Studies Department, Rand Corporation, Biden's National Security Locations: China, South China, Philippines, Asia, Pacific, Philippine, Europe, South Korea, Palm Beach, South, East Asia

☆ Startups are ready to thrive under Trump, but some uncertainty remains in a key corner of the space
▼ + stars: | 2024-11-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . What's on deck:Markets: The Wall Streeters advising Trump's transition team on key economic appointments . But regulators launched investigations and filed lawsuits against Big Tech during Trump's first term. News briefTop headlinesAdvertisement3 things in marketsChip Somodevilla/Getty Images; Getty; Rebecca Zisser/BIWho Trump is turning to on Wall Street for advice.

Persons: —, Drew Brees, Donald Trump's, Elon, Jenny Chang, Rodriguez, Donald Trump, Elon Musk, Trump, Samantha Stokes, Riddhi Kanetkar, Helen Li, Biden, Lina Khan's, Money, Chip Somodevilla, Meta's Mark Zuckerberg, JD Vance, Khan, Zuckerberg, Amazon's Jeff Bezos, OpenAI's Sam Altman, Somodevilla, Rebecca Zisser, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Blackstone, Steve Schwarzman, Charles Schwab, Herb Sutter, Ken Griffin's, Sutter, he's, Jordan Strauss, Elon Musk's, Reddit, Lebaredian, Chelsea Jia Feng, Kamala Harris, it's, Dan DeFrancesco, Grace Lett, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Super Bowl, Tech, Trump, Microsoft, Nvidia, Big Tech, Wall, Citadel Securities, White, BI, Google, Veterans, World Meteorological Organization Locations: States, Anthropic, Reddit's, New York City, State, Azerbaijan, New York, Chicago, London

Rep. Jim Jordan, R-Ohio, the chair of the House Judiciary Committee, on Sunday said that he and his House Republican colleagues are “not taking anything off the table” related to investigating special counsel Jack Smith. But all we’re saying is, ‘preserve everything,’ so we, the Congress, who have a constitutional duty to do oversight, can see everything,” Jordan added. Asked specifically multiple times whether Jordan would call on Smith to testify, Jordan repeatedly dodged the question, saying simply, “Maybe that’s been the norm, but we’re not taking anything off the table. Mr. Loudermilk and myself sent the letter saying, ‘Hey, Mr. Smith, preserve this information,’” Jordan told CNN on Sunday. If Democrats succeed in flipping the House, it is unlikely Jordan would remain as chair of the committee.

Persons: Jim Jordan, “, Jack Smith, ” Jordan, CNN’s, Smith, Donald Trump, Jordan, that’s, we’re, I’m, ”, Trump, Chip Somodevilla, Barry Loudermilk, Trump’s, Loudermilk, ‘ Hey, ’ ” Jordan, Tanya Chutkan Organizations: Republican, Union, Justice Department, Rep, CNN, Committee, NBC News, Department Locations: Ohio, CNN’s “ State

☆ Former CIA officials worry Trump could politicize and weaponize intelligence agencies
▼ + stars: | 2024-11-08 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +11 min

Yet Durham found that no senior FBI or CIA officials had committed crimes. Former intelligence officials disagree on whether Trump would seek to use the spy agencies against domestic political opponents, and if he did, how the intelligence workforce and courts would respond. Presidents face few legal constraints when it comes to their authority over the intelligence agencies, legal experts and former senior officials said. Supporters of Trump say dire warnings about the future of the intelligence agencies under a new Trump administration are hysterical and overblown, and that his record at the White House shows that he strengthened the spy agencies. “And the other is the risk that the intelligence agencies will be directed to do things that are either unlawful or inappropriate.”

Persons: Donald Trump, Kash Patel, MAGA, Gina Haspel, Patel, Trump, Marc Short, Mike Pence, Mike Pompeo, Dan Coats, ”, José Luis Villegas, ” Trump’s, Joe Biden, Brian Hughes, Justice Department —, Vladimir Putin, “, ” Trump, Putin, Devin Nunes, John Ratcliffe, Robert O’Brien, Sen, Marco Rubio, Robert Mueller's, Hillary Clinton, Bill Barr, John Durham, Durham, Steve Bannon, ” Bannon, Nixon, Chip Somodevilla, Trump’s, Glenn Gerstell, ” “, Robert Litt, ” Litt Organizations: Lawmakers, CIA, Justice Department, White House National Security Council, NBC News, “, Texas, FBI, Trump, DOJ, Democratic National Committee, Trump White House, Washington , D.C, National Security Agency, White House, National Intelligence, NBC Locations: Minden, Nev, Russian, Moscow, Helsinki, Devin Nunes of California, Russia, Vietnam, Washington ,, ”, Virginia

☆ Sales of 'The Handmaid's Tale' rose nearly 7,000% this week on Amazon — but 'Melania' takes the No. 1 bestseller spot
▼ + stars: | 2024-11-08 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Sales of "The Handmaid's Tale" surged by nearly 7,000% on Amazon as of Thursday, CNN reported. "Melania," the memoir by Melania Trump. 1 book on Amazon's Best Sellers list as of Friday afternoon was Melania Trump's memoir "Melania," which came out last month. AdvertisementIn the foreword to her book, Melania Trump wrote: "I believe it is important to share my perspective, the truth, especially in these times of division and uncertainty. AdvertisementGeorge Orwell's "1984," which warns of the rise of totalitarianism, rose 250% in Amazon sales.

Persons: Melania Trump, —, Donald Trump, Margaret Atwood's, Barnes & Noble, Chip Somodevilla, Atwood, Roe, Wade, Kamala Harris, George Orwell's, Ray, JD Vance's Organizations: CNN, Service, Barnes &, Trump

☆ Fed cuts rates again, but Trump's tariff plan sparks inflation fears and market uncertainty
▼ + stars: | 2024-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the Fed cutting interest rates yesterday was never really in doubt . Additional rate cuts aren't as clear, though, as Donald Trump's proposed widespread tariffs could slow down the Fed's plans . The market is indicating inflation could lead the Fed to keep borrowing rates high. AdvertisementGreg McBride, chief financial analyst at Bankrate.com, told Insider Today that Fed Chair Jerome Powell didn't indicate a pause in cuts was coming in December during Thursday's press conference.

Persons: —, MANDEL NGAN, Chelsea Jia Feng, Donald Trump's, Paul Krugman, It's, Chip Somodevilla, Greg McBride, Jerome Powell didn't, Powell, McBride, There's, Dominique Lapointe, Lapointe, Trump, ANGELA WEISS, Morningstar, Trump's, Dave Sekera, Goldman execs, Goldman Sachs, David Solomon, Donald Trump, Jenny Chang, Rodriguez, Elon Musk, David Zaslav, Zaslav, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty Images, BI, Federal Reserve, Treasury, Fed, Manulife Investment Management, Morningstar, Elon, Trump, Keystone State, Big Tech's, Walmart, Target, Costco, Big Media, Warner Bros, Discovery, Paramount, Sony Locations: AFP, China, Pennsylvania, New York, London

Attorney General Merrick Garland speaks at the Justice Department on Sept. 27. Chip Somodevilla / Getty ImagesHow Trump’s legal jeopardy has unfolded over the past year, in terms of both the criminal charges and his sweeping election victory, is unprecedented. The immediate goal of Trump’s legal team is to get that postponed indefinitely or otherwise dismissed. The Georgia election interference case against Trump remains tied up on appeals over ethical issues surrounding the district attorney. “The American people have re-elected President Trump with an overwhelming mandate to Make America Great Again," Trump Campaign Spokesman Steven Chung said in a statement.

Persons: Donald Trump, can’t, Jack Smith, Trump, —, “, ”, Chuck Rosenberg, General Merrick Garland, Chip Somodevilla, Smith, Trump’s, Steven Chung, ‘, ’, Richard Nixon, Joyce Vance, he’s, Lester Holt Organizations: NBC, Trump, DOJ, Justice, Justice Department, Washington , D.C, Justice Department’s, FBI Locations: Washington, York, Georgia, Washington ,, United States, U.S

George Walker IV/AP Trump supporters watch election results come in at his election night party at the Palm Beach County Convention Center. Eva Marie Uzcategui/Bloomberg/Getty Images Election workers process mail-in ballots in West Chester, Pennsylvania, on Tuesday. Trump and Harris tied with three votes each in the tiny New Hampshire township, kicking off Election Day. Joseph Prezioso/AFP/Getty Images Election workers prepare ballots in Denver on Monday, November 4. RJ Sangosti/The Denver Post/Getty Images A patron eats inside a restaurant near the White House that had plywood covering its windows on the eve of Election Day. David Dee Delgado/AFP/Getty Images Election workers sort ballots during early voting in San Francisco on Thursday.

Persons: Donald Trump, Trump, Kamala Harris, Joe Biden, he’d, George W, Bush, Harris, Hillary Clinton, Austin Steele, Roe, Wade, Biden, It’s, West Virginia Sen, Joe Manchin’s, Jim Justice’s, Montana Sen, Jon Tester, Tim Sheehy, Ohio Sen, Sherrod Brown, Bernie Moreno, Sue Ogrocki, Colin Allred, Texas Sen, Ted Cruz, Debbie Mucarsel, Powell, Sen, Rick Scott, Mitch McConnell, John Cornyn, South Dakota Sen, John Thune, Democrats didn’t, Hakeem Jeffries, hamstrung, they’re, Harris underperformed Biden, –, ”, Jen O’Malley Dillon, David Axelrod, Puerto Rico, Chip Somodevilla, Ron DeSantis romped, Melania, Barron, “, Will Lanzoni, CNN Trump, Ian Maule, Go Nakamura, Jeff Roberson, Vincent Alban, Chet Strange, Leah Charles, Tianna Adams, George Walker IV, Christian Monterrosa, Shelby Knowles, Jason Bean, Rebecca Blackwell, Leah Millis, Brynn Anderson, Matt York, Paul Kuehnel, David Robert Elliott, Nathan Howard, San Francisco Columbarium, Jeff Chiu, Nicole Craine, Ernesto Benavides, Steven Vandenburgh, Charlie Riedel, Lindsey Wasson, Andres Leighton, Butch Wilmore, Suni Williams, Nick Hague, Don Pettit, Hague, Eva Marie Uzcategui, Matt Slocum, Susan B, Anthony, Lauren Petracca, Richard Burkhart, Ronald Reagan, Chris Pizzello, Rebecca Droke, Jay Janner, Ken Brandon, Charlie Neibergall, Scott Morgan, John Locher, Jordan Dunson, Chris Lachall, Bill Clark, David Goldman, David Dee Delgado, Suzanne Kreiter, Ryan Collerd, Joseph Prezioso, Charles Rex Arbogast, Patrick T, Fallon, Evan Vucci, Nam, Rebecca Cook, Elijah Nouvelage, Ed Jones, Jonathan Drake, Reuters Ohio Sen, JD Vance, Carolyn Kaster, Carlos Berríos Polanco, Skye, Quinn Glabicki, Jose Luis Magana, RJ Sangosti, Robyn Beck, Zach Boyden, Holmes, Mike Stewart, Carlos Osorio, Steven Senne, David Paul Morris, Kayria Hildebran, Jenny Kane, Craig Hudson, Bing Guan, Scott Olson, Lynne Sladky, Allison Joyce, Megan Varner, Scott Graham, Adam Bettcher, RONDA CHURCHILL, Republicans —, Texas — Organizations: CNN, White, Republican Senate, Democrats, Biden, Sun, Republican, Trump, Howard University, Democratic, Republicans, GOP, Navy, Bernie Moreno . Ohio Republican, AP Democrats, Senate, Rural, Penn State University, CNN –, Dorton, Voters, Republican Gov, Miami, Dade, CNN Trump, Reuters Trump, West Palm Beach, Reuters, Carolina, AP Trump, Convention, Center, Bloomberg, Getty, Empire, People, Reno Gazette, USA, Florida's, AP Observers, Spelman College, AP, York Hospital, Kansas City Urban Youth Academy, New York Times, CNN Howard University, San Francisco, AP Voters, NASA, Space, Mount Hope, Savannah Morning, Ronald Reagan Presidential, Austin American, Statesman, Hartford Memorial Baptist Church, Honda, Allegiant, Las Vegas Raiders, First Presbyterian Church, City, Inc, First Presbyterian, of, Boston Globe, Getty Images Trump, College Park ,, Getty Images Workers, Sipa, US, Denver Post, City of, Reuters Voters, City Hall, Atlanta's, Museum of Art, Pisgah Baptist Locations: Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona, Nevada, Michigan , Pennsylvania, Arizona , Georgia, New Mexico, Virginia, Trump, Washington , DC, West, Montana, Bernie Moreno ., Westlake , Ohio, Kentucky, Texas, South Dakota, Washington, New York, California, America, Pennsylvania’s Huntingdon, Montgomery County, Philadelphia, Harris, Oakland County, Trump’s, Raleigh , North Carolina, United States, Florida, Ohio, Dade County, West Palm Beach , Florida, Las Vegas, Chandler , Arizona, West Palm Beach, West Palm, Pewaukee , Wisconsin, Denver, Greensboro , North Carolina, Beach, Fulton, Fairburn , Georgia, Reno , Nevada, St . Petersburg , Florida, Atlanta, Phoenix, York , Pennsylvania, Kansas City , Missouri, Waleska , Georgia, Navajo, Kayenta , Arizona, AFP, Lawrence , Kansas, Seattle, Chinle , Arizona, West Chester , Pennsylvania, Rochester , New York, Garden City , Georgia, Savannah, Simi Valley , California, Pittsburgh, Austin , Texas, Hartford, Detroit, Omaha , Nebraska, Savannah , Georgia, Camden , New Jersey, San Francisco, Alexandria , Virginia, of Dearborn , Michigan, Boston, Lancaster , New Hampshire, Chicago, Palm Beach , Florida, College Park, College Park , Georgia, Leicester , North Carolina, Reuters Ohio, Cincinnati, Dearborn , Michigan, Caguas , Puerto Rico, Springfield , Pennsylvania, Dixville, New Hampshire, City, City of Industry , California, Des Moines , Iowa, Charlotte , North Carolina, Grand Rapids , Michigan, Providence , Rhode Island, Henderson , Nevada, Bronx, Portland , Oregon, Oregon, New Castle , Delaware, Pisgah, Pisgah Baptist Church, Brooklyn, Kenosha , Wisconsin, Miami, Wilmington , North Carolina, Minneapolis

☆ Trump’s second term will look nothing like his first
▼ + stars: | 2024-11-06 | by ( Kevin Liptak | Kaitlan Collins | ) edition.cnn.com time to read: +10 min

CNN —Donald Trump’s election victory will return him to the White House, but both his allies and detractors have made clear his second time around will look nothing like the first. Instead, Trump has found himself relying on people like Donald Trump Jr., Elon Musk and Susie Wiles throughout his third run for the White House. Elon Musk takes the stage during a campaign rally for Donald Trump at Madison Square Garden in New York City, on October 27, 2024. Anna Moneymaker/Getty ImagesRobert F. Kennedy Jr. attends a Donald Trump campaign rally at Macomb Community College in Warren, Michigan, on November 1, 2024. Attorney General William Barr listens to President Donald Trump speak at Mary D. Bradford High School in Kenosha, Wisconsin, on September 1, 2020.

Persons: Donald Trump’s, Trump, Kamala Harris, —, recriminations, They’ve, Ivanka Trump, Jared Kushner, surrogates, Kushner, Donald Trump Jr, Elon Musk, Susie Wiles, Donald Trump, Anna Moneymaker, Robert F, Kennedy Jr, Chip Somodevilla, Kennedy, Jr, Biden, Trump’s, He’s, hasn’t, Todd Blanche, Emil Bove, Susan Necheles, Spencer Platt, he’s, Bill Barr, “, William Barr, Mary D, Mandel Ngan, Cantor Fitzgerald, Howard Lutnick, John McEntee, ” Trump, ” Organizations: CNN, White, Republican Party, Trump, White House, Madison, Macomb Community College, RFK, of Health, Human Services, FBI, GOP, Trump Republicans, Supreme, Manhattan Criminal, Justice Department, Bradford High School, Getty, Fox News Locations: New York City, Warren , Michigan, Washington, Kenosha , Wisconsin, AFP

☆ Why these are the five (or six) states to watch on election night
▼ + stars: | 2024-11-04 | by ( Harry Enten | ) edition.cnn.com time to read: +6 min

The only thing that matters is getting to 270 electoral votes through the Electoral College. Meanwhile, 219 electoral votes seem to be leaning in the former president’s direction. Closing off the ‘blue wall’Looking at those battleground states, Harris has the easier path than Trump to getting to 270 electoral votes. She could win by corralling Michigan (15 electoral votes), Pennsylvania (19 electoral votes) and Wisconsin (10 electoral votes). But the bottom line is this election is most likely going to come down to five states … or maybe six.

Persons: Kamala Harris, Donald Trump, Hillary Clinton, Al Gore, Harris, there’s, Ann Selzer’s, corralling Michigan, Jacquelyn Martin, Clinton, Joe Biden, Trump, Biden, Trump’s, Chip Somodevilla Organizations: CNN, Electoral, Congressional District, Trump, Ann Selzer’s Des Moines Register, corralling, Southern Sun, State, North, Georgia, Democratic, North Carolina, Silver State Locations: Georgia, Michigan, North Carolina , Pennsylvania, Wisconsin, Arizona, Washington, Ann Selzer’s Des, Iowa, Pennsylvania, Madison , Wisconsin, North Carolina, Trump, Southern, Greensboro , North Carolina, Nevada, , Arizona, Arizona . Arizona, Silver

☆ As the election winds down, worries of 'bond vigilantes' and inflation hit markets
▼ + stars: | 2024-11-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Specifically, he warned about traders taking the 10-year Treasury yield , a bond market benchmark, above 5% — a level it hasn't seen since mid-2007. To be sure, there are myriad reasons why the bond market has been in a state of tumult since mid-September, political considerations of a second Trump term being just one of them. "The bond market could easily nullify the impacts of another rate cut. That's because the bond market believes the Fed is cutting rates by too much, too soon, and is therefore raising long-term inflation expectations. It could carry "higher tariffs and mass deportations, which triggers stagflation in the US including a second inflation spike," the bank said.

Persons: Donald Trump, Chip Somodevilla, Kamala Harris, Ed Yardeni, Yardeni, Trump, Harris, Kumar, it's, Karen Dynan, Trump's, Peterson, Morgan Stanley Organizations: Fiserv, Republican National Convention, Treasury, Trump, Reserve, Bond, Yardeni Research, Sri, Kumar, Peterson Institute for International Economics, Federal Reserve, JPMorgan, Republicans Locations: Milwaukee , Wisconsin, United States

☆ Here's a final breakdown of how both presidential candidates might affect your finances
▼ + stars: | 2024-11-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, a final look at the impact a Harris or Trump presidency will have on your finances . The big storyThe White House and your walletGetty Images; Jenny Chang-Rodriguez/BIOn the eve of election day, we're offering a final breakdown of how both candidates might affect your wallet. Let's get into it:Investing : The corporate tax rate is the major difference between the two sides that'll likely have the biggest impact on markets. Harris wants to raise the corporate tax rate, which would likely have the opposite effect. Cost of things : Both candidates are looking to keep leveraging tariffs, but Trump's policy is much more aggressive.

Persons: —, Harris, Trump, let's, Jenny Chang, Rodriguez, Kamala Harris, Donald Trump, Let's, she's, Mario Tama, Peacock, Chip Somodevilla, Dow, BI's Emma Cosgrove, Siri, We've, Montana Sen, Jon Tester, Colin Allred, Carl Godfrey, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, BI, . Tech, Nvidia, Intel, Dow Jones, Trump, Mario, Fed, Street, CNBC, MSNBC, NBC, Apple Intelligence, WWDC, Apple, Democratic, Texas Rep, Fox Corp, Goodyear, Marriott Locations: Trump, New York, London

☆ Kamala Harris' new lead in top Iowa poll could bode well for her in some key swing states
▼ + stars: | 2024-11-03 | by ( Lloyd Lee | John L. Dorman | ) www.businessinsider.com time to read: +6 min

A new Des Moines Register/Mediacom Iowa poll shows Harris leading Trump by 3 points in the state. Political experts told Business Insider that the Iowa poll is significant for the Harris campaign given that the demographic makeup of Iowa — rural, older, and largely white voters — is similar to some key swing states. AdvertisementThe Iowa Poll has scrambled the conventional wisdom that former President Donald Trump will easily win the state. And notably, 69% of female respondents in the Selzer poll opposed the law, while only 27% of Iowa women backed the new restrictions. In the Selzer poll taken in September, Reynolds' job approval rating sat at 45%, while 50% of Iowans disapproved of her performance.

Persons: Harris, Trump, bode, —, Kamala Harris, Donald Trump, they're, John Conway, Christian Grose, J, Ann Selzer —, Selzer, FiveThirtyEight, Patricia Crouse, it's, Joe Biden, Chip Somodevilla, Crouse, Al Gore, George W, Bush, Barack Obama's, Obama, Hillary Clinton, Joni Ernst, Kim Reynolds, Reynolds, Iowans Organizations: Des Moines Register, Trump, Service, Republicans Voters Against Trump, University of Southern, Harris, Selzer, University of New, Hawkeye State, Getty, Democratic, Texas Gov, GOP, Republicans, Republican Gov Locations: Iowa, It's, Pennsylvania, Michigan , Wisconsin, University of Southern California, Wisconsin , Michigan, Kansas, University of New Haven

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