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Trump’s pick for defense secretary, Pete Hegseth, was accused of sexual assault. Trump himself has faced various sexual misconduct allegations, which he has denied, though he was found liable last year for sexual abuse in a civil trial over an alleged incident in the 1990s that he also denies. Now, after having won the presidency again, he’s spending early political capital to confirm appointees who have faced sexual misconduct allegations of their own. The allegations against Trump’s picksGaetz’s years of controversies have been thrust back into the spotlight now that he’s up for a Cabinet post. “It’s a very scary time for young men in America when you can be guilty of something that you may not be guilty of,” Trump told reporters.

Persons: Donald Trump’s, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Gaetz, Hegseth, Kennedy, “, Trump, ”, Marc Short, Mike Pence’s, we’ve, Trump’s, hasn’t, Tim Parlatore, Bill Clinton’s, George H.W, Barack Obama’s, haven’t, Andy Puzder, Puzder, Patrick Shanahan, Shanahan, Ronny Jackson, Jackson, Brett Kavanaugh, Kavanaugh, ” Trump, reconsidering, JD Vance, Karoline Leavitt, Vance, MAGA, ” Leavitt Organizations: NBC News, NBC, “, Justice Department, Trump, Committee, Washington Post, Republican, You’re, Politico, Pentagon, White House, Department of Veterans Affairs, Supreme, Capitol, White Locations: groping, Florida, America, Hegseth, Washington

☆ Dollar pulls ahead as markets focus on Trump policies, Fed outlook
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +4 min

After stalling for three sessions, the greenback was back on the march higher, with investors lifting the dollar index measure against its key rivals closer to a one-year high of 107.07 hit last week. The dollar has rallied more than 2% since the Nov. 5 U.S. presidential election on bets Trump's policies could reignite inflation and temper the Fed's future rate cuts. The dollar index held steady at 106.56, up from a one-week nadir hit in the previous session. "The Russia-Ukraine conflict is heating up, which is further denting sentiment towards the euro alongside the prospects of trade tariffs," another "bullish cue" for the dollar index given the euro's heavy weighting, City Index's Simpson said. The dollar gave up some gains against the yen, down 0.33% at 154.91 yen , although the Japanese currency remained under pressure.

Persons: Donald Trump's, Matt Simpson, CME's, Michelle Bowman, Lisa Cook, Index's Simpson, Kazuo Ueda, Sterling, bitcoin, Bitcoin Organizations: U.S, Federal Reserve, Wednesday, Storm, ATACMS, Bank of Japan, Bank of England's Locations: Europe, China, Russia, Ukraine, Paris

☆ No one would talk to Sebastian Stan about his Donald Trump movie for 'Actors on Actors': 'They were too afraid'
▼ + stars: | 2024-11-21 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

AdvertisementSebastian Stan plays a young Donald Trump in "The Apprentice," a movie about his life in the 1970s. Stan said other actors wouldn't discuss Trump, and the film, with him for Variety's "Actors on Actors." You won't see Sebastian Stan doing an "Actors on Actors" interview about his new Donald Trump movie "The Apprentice," because, according to the actor, no one would talk to him about it. "We couldn't get past the publicists or the people representing them, because it was too afraid to talk about this movie." "We invited him to participate in 'Actors on Actors,' the biggest franchise of awards season, but other actors didn't want to pair with him because they didn't want to talk about Donald Trump," Setoodeh said.

Persons: Sebastian Stan, Donald Trump, Stan, wouldn't, Trump, Ali Abbasi, Roy Cohn, Jeremy Strong, Trump's, Ivana, Maria Bakalova, It's, Abbasi, Gabriel Sherman, Ramin Setoodeh, IndieWire, didn't, Setoodeh, Sherman, Tuesday's, we're Organizations: Trump, Cannes, Penske Media Corporation, Cannes Film, Briarcliff Entertainment Locations: States

☆ A tiny Italian village wants to fast-track Americans unhappy with the election into buying an entire home for 1 euro
▼ + stars: | 2024-11-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

AdvertisementA small town in Italy is offering homes for 1 euro to attract Americans amid the recent election cycle. Ollolai's initiative is part of Italy's broader "Case a 1 euro" program started in the 2010s. There is also an option for digital nomads to work there for a month for only 1 euro. Ollolai started offering 1-euro homes in 2018, but other towns, like Sicilian commune Gangi, started giving away vacant houses in 2015. But if you don't want to commit fully to moving across the ocean, a redirect from the Ollolai website luring potential buyers offers an option for digital nomads.

Persons: Ollolai, Francesco Columbu, Columbo, Donald Trump, Ollolai isn't Organizations: Italian National Institute of Statistics, Business, CNN Locations: Italy, Sardinia, Italian, Europe

☆ Ray Dalio says to understand Trump's 2nd administration, you should study how far-right governments in the 1930s worked
▼ + stars: | 2024-11-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementRay Dalio said Trump's approach to governance was tried by hard-right states in the 1930s. Dalio, who often publishes personal remarks on the global economy, wrote a LinkedIn commentary on Wednesday with his predictions for a second Trump administration. Advertisement"Think of Gordon Gekko and the perspective he conveyed in his 'greed is good' speech," Dalio wrote of Trump's approach, referring to Michael Douglas' character from "Wall Street," the 1987 film. Dalio wrote that he isn't saying Trump's administration would be fascist or that Trump would behave like fascist leaders. Brandon Bell/Getty ImagesTheir mission, Dalio wrote, is to "create maximum economic strength and fight foreign enemies."

Persons: Ray Dalio, Trump, Donald Trump, Trump's, Elon Musk, Vivek Ramaswamy, Gordon Gekko, Dalio, Michael Douglas, Ramaswamy, Marco Rubio, Tucker Carlson, Steve Bannon, Brandon Bell, Pete Hegseth, Elise Stefanik Organizations: Bridgewater Associates, of Government, Trump, SpaceX, Fox News, Defense Secretary, New York, United Nations, US Senate, Republican, Business Locations: United States, Washington, China

☆ Vance debuts new role as Trump’s point person on Capitol Hill
▼ + stars: | 2024-11-21 | by ( Alayna Treene | Steve Contorno | ) edition.cnn.com time to read: +8 min

Congressional Republicans acknowledge that Vance hasn’t necessarily developed longstanding relationships on Capitol Hill during his abbreviated time in Washington. His coattails turned a 49-51 senate to a 53-47 senate,” Vance wrote on X on Wednesday. The three developed a bond that predates the campaign and has carried into the early days of Trump’s transition. But when you look at the effectiveness of JD in the campaign, there’s no better surrogate for President Trump’s agenda,” the adviser said. “In JD’s view, his role of VP is to take on any issue that President Trump would like him to take on,” the person close to Vance told CNN.

Persons: JD Vance, Donald Trump’s, Vance, Matt Gaetz, he’ll, Pete Hegseth, Vance hasn’t, ”, North Dakota Sen, Kevin Cramer, Trump, “, Donald Trump, ” Cramer, ” Vance, “ Donald J, coattails, Joe Biden’s, Grace Chong, Steve Bannon’s, Chong, ” Trump, Tom Homan, ’, Tulsi Gabbard, Donald Trump Jr, —, Trump’s MAGA, Kamala Harris ’, JD, James Braid, “ Vance, you’ll, ” CNN’s Ted Barrett Organizations: CNN, Capitol, Trump’s Cabinet, Florida Rep, Fox News, Department of Defense, Senate, White, GOP, Cabinet, Trump, FBI, Republican, Democratic, Mar, Elon, JD, Central America —, “, White House Locations: Ohio, Washington, North Dakota, Central, Trump

☆ After a stinging election defeat, the Democrats' next big race kicks off: From the Politics Desk
▼ + stars: | 2024-11-20 | by ( The Politics Desk | ) www.nbcnews.com time to read: +12 min

After a stinging election defeat, the race to lead the DNC kicks offBy Natasha Korecki and Alex Seitz-WaldTwo weeks after suffering another stinging defeat to Donald Trump, Democrats are in the throes of dissecting what went wrong and figuring out their path forward. Martin O’Malley, a onetime presidential candidate and the commissioner of the Social Security Administration, kicked off the race by entering the fray. Minnesota Democratic Party Chair Ken Martin, a DNC vice chair and leader of the Association of State Democratic Committees, followed by formally announcing his candidacy Tuesday. Still looming out there: Wisconsin Democratic Party Chair Ben Wikler, who has developed a reputation as a prodigious fundraiser and field organizer. Read more → ☑️ Latest race calls: Democratic Rep. Marcy Kaptur defeated Republican Derek Merrin in Ohio’s competitive 9th District, NBC News projected.

Persons: Natasha Korecki, Alex Seitz, Wald, Chuck Todd, Donald Trump, Joe Biden, Jaime Harrison, Martin O’Malley, Ken Martin, Martin, O’Malley, Chuck Rocha, Sen, Mallory McMorrow, Ben Wikler, “ Ben, That’s, Rahm Emanuel, Barack Obama, Emanuel, Adam Parkhomenko, Hillary Clinton’s, “, ” Parkhomenko, James Zogby, it’s, Howard Dean, Obama —, Chuck Todd Here’s, Trumpism, Trump, wasn’t, Harris, Biden, Read, Chuck → ➡️, Matt Gaetz, Lloyd Austin, Pete Hegseth, Linda McMahon, Matt Whitaker, 🗞️ Organizations: NBC, White House, Capitol, Democratic National Committee, DNC, Maryland Gov, Social Security Administration, Minnesota Democratic, Association of State Democratic Committees, Democratic, Politico, Republican, Democratic National Convention, Wisconsin Democratic, Chicago, NBC News, Arab American Institute, America, GOP, Pentagon, “ DEI, Biden, Chuck → ➡️ Trump, Wrestling Entertainment, Education Department, Former, Atlantic Treaty Organization Locations: Michigan, U.S, Japan, Oklahoma

North Carolina Republican lawmakers voted to strip the state’s incoming Democratic governor and attorney general of key powers, passing a sweeping bill before the GOP likely loses their veto-proof supermajority in the Legislature next year. That power currently lies with the governor's office, which will remain in Democratic hands after Attorney General Josh Stein defeated Republican Lt. Gov. Republicans have long sought control of the state Board of Elections, which is historically controlled by the same party as the current governor, but their past efforts have been foiled by the courts. That means they would be unable to override any future vetos from Stein without Democratic support. Stein is succeeding outgoing Cooper, whose administration repeatedly clashed with the Republican-led Legislature in the battleground state.

Persons: Dave Boliek, Jessica Holmes, Josh Stein, Mark Robinson, Roy Cooper's, ”, Karen Brinson Bell, Jeff Jackson, Stein, Cooper Organizations: North, North Carolina Republican, Democratic, GOP, Republican, Gov, Republicans, Democratic Gov, Board, State Board, North Carolina Legislature Locations: North Carolina, Stein

☆ Musk and Ramaswamy float ending remote work for federal employees and ‘large-scale firings’
▼ + stars: | 2024-11-20 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Incoming Trump administration advisers Elon Musk and Vivek Ramaswamy on Wednesday floated ending remote work for federal workers, calling the practice a “privilege” left over from the pandemic. “Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome: If federal employees don’t want to show up, American taxpayers shouldn’t pay them for the Covid-era privilege of staying home,” the two men wrote. The future of remote work for office-based employees is hotly debated. Some unionized federal workers have criticized Musk and Ramaswamy, saying they don’t know what they’re doing. Erwin said the two tech figures “make absurd claims about government waste and bash dedicated federal employees.” His union says it represents 110,000 federal employees.

Persons: Elon Musk, Vivek Ramaswamy, ”, Biden, Ramaswamy, Donald Trump, Musk, Randy Erwin, Erwin Organizations: Trump, Street, Management, of Government, SpaceX, CNBC, Tesla, National Federation of Federal Employees Locations: Washington

Mike DeWine, Columbus Mayor Andrew Ginther and other city leaders condemned the neo-Nazis in statements and on social media. But Black locals like Holmes wanted to do more and send a message of solidarity, they said. A group of Black leaders and locals marched through Columbus, Ohio, in a “unity” rally. Dozens of men walked, many side by side, down North High Street, many dressed in all black. He said the atmosphere among Black Columbus residents was one of fear and anxiety, with many wondering if they were safe in the city.

Persons: Derrick Holmes, ” Holmes, Joe Biden, Andrew Bates, Nazism, Mike DeWine, Columbus Mayor Andrew Ginther, Holmes, Black, Sean Walton Jr, Brian Winston, Walton, ” Winston, “, ” Walton, ”, Elaine R, Bryant, Winston, Donald Trump’s, Anne Frank ”, Trump, Christian supremacists, Trump’s, Karoline Leavitt, Oren Segal, Jon Lewis, George, ” Lewis Organizations: Columbus ’ Union, Columbus ’ Union Grove Baptist Church, North, North Arts District, ”, ” Ohio Gov, Columbus Mayor, of, Black Columbus, Columbus, Columbus Division of Police, Police, Washington Post, Nazi, Defamation League Center, Extremism, New York Times, Hate, George Washington University’s Program Locations: Columbus , Ohio, Columbus, Columbus ’ Union Grove, United States, ” Ohio, of Central Ohio, Houston, Black, Michigan, Ohio, Springfield, Charlottesville , Virginia, Louis, “

Voters in California have narrowly rejected a ballot measure that would have gradually increased the minimum wage in the state to $18 per hour, NBC News projected Wednesday. It’s the first time a ballot measure proposing to raise the statewide minimum wage has failed nationwide since 1996. Some cities within New York also implement a minimum wage of $16 per hour, while Washington state’s minimum wage is $16.26 per hour. The defeat is the first time in 28 years that a ballot measure to increase a state minimum wage was defeated. Meanwhile, ballot measures in two other states to increase the minimum wage overwhelmingly passed this month.

Persons: It’s, “ CalChamber, Jennifer Barrera, Gavin Newsom, Newsom Organizations: NBC News, U.S, California Chamber of Commerce, Democratic Gov, Washington, Voters, NBC Locations: California, New York, Missouri, Montana, Alaska

The filing said those claims are "unambiguous violations of the Consent Injunction, and the Court should hold him in civil contempt." A representative for Giuliani, Ted Goodman, called the motion "a dishonest and duplicitous attack meant to deprive Mayor Rudy Giuliani of his First Amendment right to freedom of speech." "The ongoing lawfare against Mayor Giuliani must end," he said in a statement. Giuliani was found liable for defaming the pair during his efforts on Trump's behalf to overturn the results of the 2020 election. Moss and Freeman's attorneys urged the judge to stick with the current trial date, which was set last month.

Persons: Donald Trump, Rudy Giuliani, Ruby Freeman, Shaye Moss, Giuliani, he'll, —, Ted Goodman, Mayor Giuliani, Freeman, Moss, Lauren Bacall, Aaron Nathan, District Judge Lewis Liman, Plaintiff, Trump's Jan Organizations: Washington , D.C, America's, Mayor, Benz, U.S, District Locations: Georgia, Washington ,, New York, Florida

☆ Speaker Mike Johnson says he supports banning transgender women from using women's bathrooms
▼ + stars: | 2024-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ali-Vitali-Circle-Byline-Template.Jpg | Ali Vitali | ) www.nbcnews.com time to read: +4 min

Speaker Mike Johnson on Wednesday said that he supports restricting “single-sex facilities” in the Capitol, including restrooms, to “individuals of that biological sex”— which would effectively ban the first transgender congresswoman from using women’s bathrooms in the next Congress. Rep. Nancy Mace, R-S.C., introduced a resolution this week that would ban transgender women from using women's bathrooms and other facilities at the Capitol. She said Tuesday the bill "absolutely" targets Rep.-elect Sarah McBride, D-Del., the first openly transgender person elected to Congress. In a statement posted to X on Wednesday, McBride wrote, “I’m not here to fight about bathrooms. We should be focused on bringing down the cost of housing, health care, and child care, not manufacturing culture wars."

Persons: Mike Johnson, Nancy Mace, Sarah McBride, Johnson, ” Johnson, McBride, “ I’m, Speaker Johnson, I’ve, ”, doesn’t, Mace, resoundingly, Hakeem Jeffries, ” Jeffries, ” Sarah McBride, Andrew Harnik, Jeffries, Jamie Raskin, Pramila Jayapal, Jayapal, Chuck Schumer, ” McBride Organizations: Rep, Capitol and, GOP, Republican, Small House Republican Conference, U.S, Capitol

President-elect Donald Trump Wednesday named former Acting Attorney General Matt Whitaker as his pick for the next ambassador to the North Atlantic Treaty Organization (NATO), a key alliance that Trump derided for years. He served just three months in the position until Bill Barr was confirmed as attorney general. Before becoming acting attorney general, Whitaker served as chief of staff to Sessions when he was attorney general. Trump has long criticized NATO, accusing European allies of not contributing enough toward defense spending. In February, Hillary Clinton warned that Trump would seek to withdraw the U.S. from NATO if he were to be re-elected.

Persons: Donald Trump, Matt Whitaker, Trump, Matt, Whitaker doesn't, Whitaker, Jeff Sessions, Bill Barr, George W, Bush, Ursula von der Leyen, Hillary Clinton, JD Vance, Putin Organizations: Donald Trump Wednesday, Atlantic Treaty Organization, NATO, Patriot, NATO Allies, AMERICA, Justice Department, Trump, Twitter, Sessions, Southern, Southern District of, Center of Law & Justice, Policy Institute, Union, NBC, Fox News, Fox Business, Ukrainian, U.S Locations: States, Southern District, Southern District of Iowa, Russia, Europe, Ukraine, U.S, Poland

The man accused of killing Georgia nursing student Laken Riley was found guilty of murder Wednesday in a case that became a flashpoint in the immigration debate earlier this year, ahead of the presidential election. Riley’s killing drew national attention to the immigration debate after officials announced that Ibarra is a Venezuelan citizen who entered the United States illegally in 2022. UGA students during a vigil for Laken Riley on Feb. 26. Joshua L. Jones / USA Today NetworkDuring the trial, prosecutors argued that Ibarra killed Riley after she fought off his attempt to rape her. The prosecution pointed to DNA and other evidence that they said linked Ibarra to Riley on the day of her murder.

Persons: Laken Riley, Jose Antonio Ibarra, Tom, ”, Jose Ibarra, Hyosub Shin, H, Patrick Haggard, Ibarra, Haggard, Allyson Phillips, Riley’s, “, ” Phillips, Phillips, ” Prosecutors, Riley, Donald Trump, Joshua L, Jones, Sheila Ross, Riley “, ” Ross, Diego Ibarra, Kaitlyn Beck, Diego, Jose Organizations: Superior Court, ”, University of Georgia, UGA, USA Locations: Athens, Clarke, Ga, Venezuelan, United States

Donald Trump's attorneys are demanding the judge who presided over his New York hush money trial and conviction immediately throw out the case, saying it would be "uniquely destabilizing to the country" otherwise. The letter also cited presidential immunity as a reason to dismiss the case, and maintained Trump is already protected by it. "Just as a sitting President is completely immune from any criminal process, so too is President Trump as President-elect," the letter said. The attorneys have argued he can't be sentenced while in office because it would interfere with his constitutional duties. Trump was convicted earlier this year on 34 counts of falsifying business records related to a hush money payment made to adult film actor Stormy Daniels.

Persons: Donald, Trump’s, Todd Blanche, Emil Bove, Judge Juan Merchan, “, Trump, Stormy Daniels, Alvin Bragg's Organizations: Trump, Justice Department's Locations: York, Manhattan

☆ What to know about Transgender Day of Remembrance and violence against trans people
▼ + stars: | 2024-11-20 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Wednesday is Transgender Day of Remembrance, which focuses on trans people who have lost their lives because of violence. What is Transgender Day of Remembrance? Transgender Day of Remembrance is marked every Nov. 20 and began in 1999 to honor Rita Hester, a trans woman who was killed in Massachusetts. International Transgender Day of Visibility, which is designed to bring attention to transgender people, is commemorated in March. Rita Hester is pictured on a poster in Boston for Transgender Day of Remembrance.

Persons: Rita Hester, Jessica Rinaldi, Pauly, Jr, Donald Trump Organizations: Transgender, Williams Institute, UCLA Law, Boston Globe, Getty, Human, Rights, U.S, Supreme Locations: Massachusetts, U.S, Boston, Pennsylvania

The House Ethics Committee weighs releasing their report on Matt Gaetz. And Susan Smith, who made headlines for killing her sons 30 years ago, is up for parole. The Ethics Committee has jurisdiction only over sitting members of Congress, Johnson argues. But there is precedent for the Ethics Committee to publish reports after a member of Congress has resigned. Susan Smith up for parole 30 years after killing her sonsSusan Smith leaves court after a hearing in Union, S.C., in 1995.

Persons: Matt Gaetz, Susan Smith, Donald Trump, Gaetz, Susan Wild, Joel Leppard, Mike Johnson, Trump, Johnson, Read, Mike Cavanaugh, ”, Vladimir Putin, Brooks Kraft, Smith’s, Michael, Alex, Smith, Rafael Nadal, Jay Leno, Barbara Gauntt, Chokwe Antar Lumumba, Lumumba, — Bracey Harris Organizations: Comcast, Justice Department, Republicans, Democrats, Gaetz, MSNBC, Syfy, Golf, CNBC, Oxygen, NBC News, NBC, Bravo, United, Brooks, Brooks Kraft LLC, Getty, South, Davis, Mississippi State Capitol, Clarion, Ledger, Residents Locations: Florida, USA, U.S, Kyiv, United States, Ukrainian, Russian, Ukraine, Union, South Carolina, Northern California, Pacific, California, Jackson

Of course, these basic rules of political decorum are ones Donald Trump has rarely followed. He’s been accumulating political capital, and his victory only gives him an opening to accumulate more ... if he chooses to. On some level, I accept the notion that one person’s revenge is another person’s “reform,” so I’m sure Trump could argue he’s appointing reformists. What will ultimately matter is whether these folks can govern like reformers or end up simply as conduits for Trump’s revenge. Here’s the political problem Trump is creating for himself: He’s taking full ownership of the entire bureaucracy now.

Persons: Donald Trump, He’s, Trump, acquiesce, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Tulsi Gabbard, let’s, Nancy Mace's, Hegseth, “, wasn’t, Harris, Joe Biden, Biden, I’ve, didn’t, Barack, Biden’s Organizations: —, Justice Department, Fox, Defense Department, Department of Health, Human Services, GOP, Pentagon, “ DEI, Biden, Democratic, Trump Locations: Russia, Oklahoma, Afghanistan, overreach

☆ Former Hong Kong publisher Jimmy Lai begins to testify in his national security trial
▼ + stars: | 2024-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

HONG KONG — Former Hong Kong publisher Jimmy Lai began testifying Wednesday in his landmark national security trial that is widely seen as a measure of press freedom and judicial independence in the Chinese territory. He is fighting charges of colluding with foreign forces to endanger national security and conspiring with others to issue seditious publications. Lai, 76, faces up to life in prison if convicted under a national security law imposed by Beijing. But critics say that promise has become threadbare under the rubric of maintaining national security. It added that judges remain independent and partial when handling national security cases.

Persons: Jimmy Lai, Lai, Roman Catholic Cardinal Joseph Zen, Anthony Wallace, Mike Pence, Mike Pompeo, William Wong, Wong, Kongers, “, ”, Donald Trump, Xi Jinping, Hong, John Lee, Lai ., Keir Starmer, Xi, Chris Tang, Sebastien Lai, Doughty, Chambers, Jodie Ginsber Organizations: Roman Catholic, Catholic, Apple Daily, Getty, British, Authorities, Prosecutors, Beijing “, U.S, American, United Nations, Capitol, Protect Journalists, Hong Locations: HONG KONG, Hong Kong, Beijing, AFP, United States, U.S, Lai . British, British, Brazil, Hong, Britain, Washington

☆ Pennsylvania Democratic official apologizes for comments about ignoring election laws
▼ + stars: | 2024-11-20 | by ( Sara Murray | Marshall Cohen | ) edition.cnn.com time to read: +4 min

CNN —A Democratic election official in Pennsylvania offered an impassioned apology Wednesday for claiming “precedent by a court doesn’t matter anymore in this country” to justify counting about 600 faulty ballots in defiance of state Supreme Court rulings. “I made a mistake, and because I am an elected official, I am held to a far higher standard than everybody else. Her prior comments about flouting court precedent took off on social media and were promoted widely by Trump allies like Elon Musk. In response to a lawsuit from the McCormick campaign, the Pennsylvania Supreme Court on Monday ordered counties to abide by its past rulings about the undated ballots. Patricia Poprik, chair of the Bucks County Republican Party, on Wednesday said the board’s actions overshadowed the hard work of county election workers.

Persons: CNN —, Diane Ellis, Marseglia, “, ” Ellis, Donald Trump –, Ellis, ”, Elon Musk, Democratic Sen, Bob Casey, Dave McCormick, Robert Harvie, Roe, Wade, McCormick, Josh Shapiro, ” Shapiro, Patricia Poprik, Poprik, ” Poprik, it’s, ” CNN’s Danny Freeman Organizations: CNN, Democratic, Trump, GOP, Republican, Bucks County Republican Party Locations: Pennsylvania, Bucks

☆ Trump demands immediate dismissal of hush-money case, saying he can't be sentenced while president-elect or president
▼ + stars: | 2024-11-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

AdvertisementLawyers for Donald Trump on Wednesday demanded the immediate dismissal of his hush-money case. Trump can't be sentenced while either president-elect or president, they argued. Donald Trump's legal team filed for immediate dismissal of his New York hush-money case on Wednesday, arguing that he cannot be sentenced while either president-elect or president. "On November 5, 2024, the Nation's People issued a mandate that supersedes the political motivations of DANY's 'People,'" the defense filing concludes, using the acronym for the District Attorney of New York. One prosecutor should not have "practical power to interfere with the ability of a popularly elected president to carry out his constitutional functions," the defense filing says.

Persons: Donald Trump, Trump, Donald Trump's, Trump's, DANY's, Todd Blanche, Emil Bove, Attorney Alvin Bragg, Bragg, Juan Merchan, Stormy Daniels Organizations: Wednesday, District, Manhattan, Attorney, Democrat, New York City Locations: Manhattan, York, New York, New

☆ Corporate insiders are selling shares at a record pace in the fourth quarter
▼ + stars: | 2024-11-20 | by ( Nick Wells | ) www.cnbc.com time to read: +4 min

Corporate insiders are taking advantage of the stock market's postelection boom to all-time highs, unloading shares at record levels. The data includes trades made under preplanned 10b5-1 trading plans. Plus, many 10b5-1 trading plans are price-triggered meaning that executives select levels at which to sell shares. Executives at private education firm Grand Canyon Education have sold an aggregate $2.3 million worth of shares in the fourth quarter, per Verity. Nucor CEO Leon Topalian sold $1.9 million in shares the day following the election at an average price of $169.11.

Persons: preplanned, Ben Silverman, Silverman, Verity, Brian Mueller, Reid Hoffman's, Donald Trump's, Tump, Alexander Karp, Daniel D'Aniello, Carlyle, Tesla, Kathleen Wilson, Thompson, Robyn Denholm, Phillip Juhan, Eric Swider, Leon Topalian, Holden Lewis, Daniel Florness, —, Jesse Pound Organizations: Education, Canyon Education, Partners, Aurora, Big, Carlyle Group, Trump Media, Securities, Exchange

☆ The 10-year Treasury yield is looming as a potential anchor on stocks
▼ + stars: | 2024-11-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The runup in the 10-year Treasury yield is proving to be more than a short-term fluctuation, and that is starting to draw nervous looks on Wall Street. US10Y 3M mountain The 10-year Treasury yield started to climb ahead of the election and has moved higher still after Donald Trump's victory. With the 10-year yield close to a key psychological level of 4.5%, there is concern that another move higher could lead to a downturn in the stock market. If the 10-year yield does break through the 4.5% level, technical patterns suggest it could make a significant climb. Strong economic growth and optimism around artificial intelligence are two reasons why stocks may be able to tolerate higher rates, said Solita Marcelli, UBS global wealth management chief investment officer for the Americas.

Persons: Bond, Donald Trump's, Wolfe, Chris Senyek, Trump, Senyek, Paul Ciana, Stocks, Solita Marcelli, Marcelli Organizations: Treasury, Wolfe Research, Bank of America, UBS Locations: 1Q25

☆ 2024 marks a 21st century rarity: Almost everyone thinks the election results are legitimate
▼ + stars: | 2024-11-20 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

CNN —The reaction from Democrats to Donald Trump’s 2024 victory is, to put it mildly, very much unlike their reaction to his 2016 win. When asked whether Trump’s win was legitimate, about 94% of voters said it was. This includes 64% who agreed that Trump’s win was legitimate and supported his presidency and another 30% who accepted Trump’s victory but indicated that they would oppose his presidency. A third of Clinton supporters in a mid-November 2016 ABC News/Washington Post poll said that Trump’s win was not legitimate. Democrats may have accepted Trump’s win, but he’s likely to upset them greatly during his presidency.

Persons: Donald Trump’s, Biden’s, Trump, Biden, Kamala Harris, – it’s, Hillary Clinton, Barack Obama, Donald Trump, Trump's, Spencer Platt, Clinton, Trump’s, didn’t, George W, Obama’s, delegitimize Obama’s, Obama Organizations: CNN, Reuters, Quinnipiac University, Republicans, Trump, Electoral, GOP, Biden, Getty, ABC, Washington Post, Gallup, CBS Locations: New York

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