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Business leaders are speaking out on Election Day — including Starbucks founder Howard Schultz. AdvertisementElection Day has finally come, and executives at some of the biggest companies are speaking out — with former Starbucks CEO Howard Schultz urging a peaceful transition of power and Elon Musk reiterating his support for Donald Trump to the end. Major players like Musk and Blackstone CEO Stephen Schwarzman have previously endorsed former President Trump. "Once every vote is counted and certified, we must accept the results of the election and ensure the peaceful transition of power," he said. In addition to re-posting several pro-Trump messages from other X users, Musk wrote a few election-related posts of his own.
Persons: Howard Schultz, Schultz, Elon Musk, Reid Hoffman, Harris, , Donald Trump, Stephen Schwarzman, Trump, Mark Cuban, Kamala Harris, Insider's Bryan Metzger, he's, Howard Schultz Howard Schultz, Spencer Platt, Joe Biden, Hillary Clinton, Reid Hoffman Reid Hoffman, Kimberly White, Hoffman, " Hoffman, Marc Piasecki, Musk, Joe Scarborough, Vinod Khosla Vinod Khosla, Steven Ferdman, Vinod Khosla, Kamala, Khosla, Robert F, Kennedy Jr, Cantor Fitzgerald, Howard Lutnick Howard Lutnick, ANGELA WEISS, Howard Lutnick, Lutnick, Palmer Luckey Palmer Luckey, Oculus, Patrick T, Fallon, Palmer, Luckey, Walz, Andrew Bosworth, JOSH EDELSON, Getty Andrew Bosworth, Bosworth, Eli Lilly, Lockheed Martin, General Mills, Johnson Organizations: Starbucks, Trump, Service, Blackstone, Getty, LinkedIn, Greylock Partners, Liberty, SpaceX, Elon Musk Elon, Tesla, Pennsylvania, Billionaire, Sun Microsystems, Wall Street, Philadelphia Inquirer, Financial Times, Bloomberg, Anduril Industries, Meta, Big Tech, National Association of Manufacturers, General Motors, Penske, Panasonic Locations: Jerusalem, Fortnite, AFP
In today's big story, we're looking at the mounting pressure President Joe Biden is facing to forgo his reelection campaign . The Clash's 1982 hit could be President Joe Biden's anthem these days as rumors swirl about his reelection bid. Under campaign finance law, the VP is the only candidate who can easily inherit the hundreds of millions of dollars raised by Biden's campaign . Patrick Semansky/AP Photo; BIBiden's first post-debate interview could ultimately decide his fate. In other newsAdvertisementWhat's happening todayA first look at Biden's interview with George Stephanopoulos airs on ABC.
Persons: , he's, Barack Obama, Joe Biden, Win McNamee, Chelsea Jia Feng, Joe Biden's, Biden, Insider's Bryan Metzger, Biden's, Donald Trump, Lloyd Doggett, Raúl Grijalva, Kamala Harris — hasn't, Harris, Patrick Semansky, George Stephanopoulos, Karine Jean, Pierre, CFRA, Berkshire Hathaway, Neil Shearing, Jensen Huang, Justin Sullivan, Rebecca Zisser, Caitlin Clark, Alex Morgan, Hailey Welch, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Labour Party, Business, Democratic, ABC News, New York Times, Trump, Berkshire, Economics, Saks, Saks Global, ABC Locations: New Mexico, Virginia, Biden's, New York, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs the first presidential debate of 2024 wrapped up on Thursday evening, China started dunking President Joe Biden for his oratory style. "In today's first TV debate, Trump won," wrote the popular blogger Housha Moonlight. Advertisement"I'm worried that Deng Deng will die suddenly during this debate," another poster wrote, referring to a nickname for Biden. Indeed, the debate on Thursday prompted hundreds of posts and comments remarking on the ages of both candidates.
Persons: , Joe Biden, mumbling, Business Insider's Bryan Metzger, Brent D, Griffiths, Donald Trump, he's, Biden, Weibo, Trump, Deng Deng, Xi Jinping Organizations: Service, Business, Communist Party, Weibo Locations: China, Atlanta
Regardless, the Democratic Party could have avoided this altogether. But the same poll suggested that if the choice was between Trump and another Democratic candidate, 40% would probably vote for Trump and 48% would vote for the Democratic candidate. David Axelrod, a former strategist for Barack Obama, said at the time the polls would "send tremors of doubt" through the Democratic Party. If he continues to run, he will be the nominee of the Democratic Party," he wrote on X. The Democratic Party did not seriously consider putting up a candidate other than Biden in 2024, and it's left them with next to no alternative options.
Persons: , Joe Biden's, Biden, they're, Insider's Bryan Metzger doesn't, Metzger, Donald Trump, Trump, David Axelrod, Barack Obama, There's, Kamala Harris, Dean Phillips, he's, it's Organizations: Service, Democratic Party, Business, NBC News, Democratic House Member, Democratic, Republicans, NBC, Republican, The New York Times, Siena College, Trump, Reuters, CNN Locations: Minnesota
Read previewPresident Joe Biden on Saturday swept the South Carolina Democratic primary, winning over 96% of the vote and dominating intraparty rivals Marianne Williamson and Rep. Dean Phillips. "I respect Joe Biden. "Joe Biden's at 38%. Phillips announced his long shot candidacy last October but has so far been unable to gain traction in the contest despite Biden's polling struggles over the last year. AdvertisementOn Saturday, Phillips won less than 2% of the vote in the South Carolina Democratic primary, coming in third place behind Williamson.
Persons: , Joe Biden, Marianne Williamson, Dean Phillips, Phillips, Biden, Donald Trump, Jimmy Carter, Joe Biden's, I'm, Pennsylvania Sen, John Fetterman, Williamson, Maxwell Frost, Business Insider's Bryan Metzger Organizations: Service, Saturday, South Carolina Democratic, Business, White House, Democratic, Progressive Party, Trump, House Democratic Locations: Minnesota, South Carolina, Pennsylvania, Florida
Rep. Dean Phillips of Minnesota will not seek reelection to Congress in 2024. AdvertisementDemocratic presidential candidate Dean Phillips announced Friday he will not seek reelection to Congress in 2024, saying in a statement that "after three terms it is time to pass the torch." Phillips, a congressman representing Minnesota, has been pursuing a longshot challenge to President Joe Biden for the Democratic nomination in 2024. "Civility matters, respect matters, listening matters, and effective governance matters," he continued. Phillips also apologized to Sen. Bernie Sanders earlier this month for previously dismissing Sanders' complaints about a "rigged" Democratic Party primary system.
Persons: Dean Phillips, Joe Biden, Phillips, , Insider's John Dorman, Biden, they'd, Kamala Harris, Harris, Robert Garcia, Sen, Bernie Sanders, Sanders, Business Insider's Bryan Metzger Organizations: Democratic, Service, of New, CNN, Democratic Party, Business Locations: Minnesota, America, New Hampshire, South Carolina, of New Hampshire
Insider Today: Israel's next steps
  + stars: | 2023-10-11 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
AdvertisementAdvertisementIn today's big story, we're looking at the latest developments in Israel's war with Hamas, including Israel's devastating airstrikes and a potentially complicated ground invasion of Gaza. What's on deck:Markets: Market experts detail how to cash in on an ailing bond market. Market experts detail how to cash in on an ailing bond market. AdvertisementAdvertisementThe Israel war is also impacting another conflict: Russia's invasion of Ukraine. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Jimmy Buffett's, margarita, Caroline Ellison, Sam Bankman, Faiz, NurPhoto, Insider's Kelsey Vlamis, Insider's Chris Panella, Amir Levy, Jake Epstein, Insider's Elias Chavez, David Donabedian, Insider's Bryan Metzger, Brendan McDermid, Jim Rogers, George Soros, Raphael Bostic, Lorie Logan, BRYAN R, SMITH Caroline Ellison, Ellison, Linda Yaccarino, X, Arantza Pena Popo, eBay's, they're, They'll, Steve Scalise, Jim Jordan, Rachael Brennan, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Getty, CNN, Hamas, CIBC Private Wealth, Ukraine, Washington Post, Republican, Elite, Quantum Fund, Soros Fund Management, Atlanta Fed, Dallas, Fed, Alameda Research, Street, Gaza, Boomers, Republicans, Ohio, The Chicago, Tata Consultancy Services, Sam's Club Locations: Florida, Gaza, Israel, Ukraine, Russia, homebuying, Louisiana, New York City, San Diego, London, New York
Cassidy Hutchinson, in her new memoir, recounted her dismay with Ted Cruz over a 2020 incident. AdvertisementAdvertisementFormer White House aide Cassidy Hutchinson, in her new memoir, said that Sen. Ted Cruz told her not to be a "tattletale" after she vented to Mark Meadows about him showing up to greet President Donald Trump at a tarmac arrival in Texas. In the memoir, Hutchinson described her plan to have Republican Gov. As a top aide to then-Chief of Staff Mark Meadows, Hutchinson said she wasn't impressed by Cruz's actions. "That was the last time I spoke to Ted Cruz," she added.
Persons: Cassidy Hutchinson, Ted Cruz, Hutchinson, Greg Abbott, Cruz, , Sen, Mark Meadows, Donald Trump, Texas . Hutchinson, Hurricane Laura, Steve Scalise, Cruz —, texted, POTUS, Governor Abbott, wasn't, Abbott, He'll, Meadows, Insider's Bryan Metzger, he'd Organizations: Texas Gov, Trump, Service, White House, Republican, OLA, Legislative Affairs, Capitol, Democrats Locations: Texas ., Hurricane, Gulf, Texas, Louisiana,
Trump told Blake Masters he couldn't defeat Kari Lake in an Arizona Senate primary, per the Times. At the same time, former television journalist Kari Lake — another Trump favorite — won the GOP gubernatorial primary. Both candidates were more reflective of the new and Trumpier Arizona Republican Party, which had been moving away from the center-right ideology of figures like former Gov. The former president reportedly told Masters he didn't think the ex-candidate could defeat Lake in a Senate primary next year, according to The New York Times. According to the Times, Lake is eyeing an October entry into the Republican Senate primary.
Persons: Trump, Blake Masters, Kari Lake, Mark Kelly, Donald Trump, Kari Lake —, , Doug Ducey, Sen, John McCain, Masters, Democratic Sen, Kelly, Katie Hobbs, Steven Cheung, Insider's Bryan Metzger, GOP Sen, Josh Hawley, Hawley, JD Vance, Ohio, Sinema, she'll, Ruben Gallego, energize Trump, Pinal County Sheriff Mark Lamb Organizations: Arizona Senate, . Masters, Service, Senate, Trump, GOP, Arizona Republican Party, Democratic, Masters, Wall Street Journal, The New York Times, Times, Republican Senate, Arizona Republican, Rep, Pinal County Sheriff, Republican Locations: Arizona, Wall, Silicon, Maricopa County, Josh Hawley of Missouri, Pinal County, Mexico
Democratic Rep. Adam Schiff's Senate campaign is sitting on more cash than any presidential candidate. The campaign reported having about $29,800,864 in cash on hand at the end of Q2. The haul can in part be attributed to a massive fundraising push by his campaign after the House of Representatives censured him. Schiff's campaign also has millions more cash on hand than any other presidential candidate. The money that Schiff's Senate campaign is sitting on will become increasingly useful in the coming months as he runs a competitive campaign against Rep. Katie Porter and longtime Rep. Barbara Lee to replace outgoing Sen. Dianne Feinstein.
Persons: Adam Schiff's, Adam Schiff, it's, That's, Rob Byers, Donald Trump, Ron DeSantis, Trump, Katie Porter, Barbara Lee, Sen, Dianne Feinstein, Insider's Bryan Metzger, Schiff, Porter Organizations: Democratic, Adam Schiff's Senate, Service, Democratic National Committee, California, FEC, Republican, Florida Gov, Schiff's Senate, Save America PAC, PAC, Federal, Commission, NBC, Senate, Representatives, Public, Institute of Locations: Wall, Silicon, Schiff's, Institute of California
Bernie Sanders blasted Nikki Haley's idea of an age-based mental competency test for politicians. She's the second major Republican candidate in the 2024 presidential race, joining former President Trump, who'll turn 77 years old in June. "We'll have term limits for Congress, and mandatory mental competency tests for politicians over 75 years old." "I think she should test her own mental competency," Hirono said of the presidential aspirant. "Come on, how many times has she said she's fighting Trump, and then the next thing you know, she's kissing his ring?"
Embattled Rep. George Santos grabbed a premier center aisle seat ahead of President Joe Biden's State of the Union Address. Seated beside Republican Rep. Thomas Massie of Kentucky, Santos soon discovered that not everyone — including some Republicans — was interested in seeing him. Santos sat just in front of Republican Rep. Tim Burchett of Tennessee and behind Rep. Trent Kelly of Mississippi. Seats are reserved for senators as a group in the front of the chamber and House members sit behind them. House members can claim preferred spots during the day but they have to camp out there to reserve them for the entirety of the speech.
Michael Fanone blasted the scant GOP attendance at a Jan. 6 remembrance ceremony at the Capitol. Multiple outlets reported that Rep. Brian Fitzpatrick was the only GOP lawmaker at the Friday event. Law enforcement certainly doesn't like that, and I don't believe that all Republicans are sympathetic to the MAGA agenda." "As somebody who has previously supported Republican candidates, it's shameful," the former police officer told Tapper. After the Capitol ceremony, Fitzpatrick, a former FBI supervisory special agent, told Insider's Bryan Metzger of his desire to be at the solemn event.
77 members of Congress violated the STOCK Act in the 117th session of Congress. The Stop Trading on Congressional Knowledge Act of 2012 is designed to curb insider trading and requires timely disclosure of financial trades. But a decade on, Republican and Democratic lawmakers alike routinely violate the STOCK Act: 40 Republicans and 37 Democrats in the current Congress violated the law, per Insider's tally. Some members of Congress violated the law more egregiously than others. GOP Rep. Pat Fallon of Texas, for example, violated the STOCK Act multiple times and waited months to disclose up to $17 million in trades.
After months of wrangling over a congressional stock-trade ban, Pelosi is getting that wish. Some government ethics advocates had hoped that congressional stock-ban legislation would be packaged with the 2023 omnibus spending bill. Meanwhile, lawmakers from both the Republican and Democratic parties continue violating the STOCK Act while 11th-hour pleas from Democratic stock-ban advocates go unanswered by Democratic leaders. A ban on members of Congress trading individual stocks and cryptocurrencies will officially die on January 3, when the 118th Congress is seated. Any stock-ban bill introduced next year will therefore require bipartisan support across Congress' two chambers.
On Saturday, Trump suggested terminating rules in the Constitution that led to disputed voter fraud in the 2020 election. Rep. Liz Cheney resurfaced Gosar's tweet, calling on House Minority Leader Kevin McCarthy to condemn the former president. Following backlash from GOP senators on his call to terminate the US Constitution, Trump attempted to walk back his remarks on Monday. This is simply more DISINFORMATION & LIES," Trump wrote on Truth Social. "This week Trump said we should terminate all rules, regulations etc 'even those in the Constitution' to overturn the election.
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