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☆ 'Cheaper doesn't mean better': Millennial couple bought their first home in 2021 for $195,500—now they regret it
▼ + stars: | 2024-12-14 | by ( Celia Fernandez | ) www.cnbc.com time to read: +5 min

Robert Giametta, 33, and Christopher Luquer, 31 bought their first home in 2021. The couple started their search in the Summer of 2020. The Cairo, New York house is a little over 1,000 square feet and sits on 0.69 acres. But by the summer of 2022, the couple started regretting their purchase. Robert Giametta

Persons: Robert Giametta, Christopher Luquer, Luquer, Giametta, Robert Giametta Giametta, I'm, There's, they're, It's Organizations: CNBC Locations: Kingston , New York, Kingston, Cairo , New York, Boston, New York City, Seattle

Adams allegedly committed 23 different “overt acts,” which include accepting free flights and hotel rooms and coordinating straw donations. In 2017, Adams allegedly accepted free business class tickets for three roundtrip international flights and a heavily discounted stay at a suite in the St. Regis Istanbul. Adams allegedly accepted over $123,000 worth of luxury travel benefits between 2016 and 2021, without disclosing any of it. “No one is above the law, including the Mayor of New York City,” Schumer said in a written statement Thursday. The indictment does not total the amount of matching public funds Adams allegedly received directly from the eight illegal straw donations.

Persons: Adams, ” Adams, ”, “, mulls, Kathy Hochul’s, Hochul, ” Hochul, Hakeem Jeffries, Chuck Schumer, ” Schumer, Jeffries, ” Jeffries, Adams ’, Bribery, Adams “ Organizations: CNN, Democrat, Prosecutors, ”, New York Gov, Lawyers, New York Democrats, New York, New, US, Office, Turkish Locations: York, St, Regis Istanbul, New York City, New, New York, ”

But broadband companies have been focused on transitioning their customers to other affordable options to help them make up the expired discount, according to the companies’ earnings calls. In the wake of the ACP’s expiration, broadband companies have reported losing some customers. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. During the second quarter, Charter reported a loss of 149,000 internet customers, while Comcast reported a decline of 120,000 broadband customers. Charter has tried to retain its low-income consumer base by rolling out new savings deals like offering ACP customers a free unlimited mobile line for one year.

Persons: ’, ”, Craig Moffett, “, Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump’s, Vance quieted, ” Gigi Sohn, Joe Biden, Sohn, Wall, they’re, ” Sohn, ” Carey, ” Budzinski, Chris Winfrey, “ We’ve, ” Moffett, MoffettNathanson, Gigi Sohn’s Organizations: Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, NBC News, Capitol, Republicans, Emergency, GOP, Republican House, ACP, FCC, ”, Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, U.S, New York

In the wake of the ACP's expiration, broadband companies reported losing some customers. "But that doesn't take away from the families for whom this was important, and could now lose access to broadband." Pete Marovich | ReutersStill, Sohn believes bipartisan support for the ACP should make reauthorizing it a political slam dunk for Democrats. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. Charter Communications CEO Chris Winfrey said in July that the ACP's expiration impacted both losses and low income broadband connections after the company had "put a lot of effort into the ACP program."

Persons: Craig Moffett, Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump's, Vance quieted, Gigi Sohn, Biden, Pete Marovich, Sohn, Wall, they're, Carey, Budzinski, Chris Winfrey Organizations: Istock, Getty, Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, Capitol, Republicans, Emergency, GOP, Republican House, ACP, Commerce, Science, Washington , D.C, Reuters, Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, Washington ,, U.S, New York

☆ Swing-district Republicans in New York decried Trump's conviction. It could cost them politically.
▼ + stars: | 2024-06-01 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFor GOP lawmakers on Capitol Hill, former President Donald Trump continues to wield immense power over their political futures. AdvertisementFormer President Donald Trump at his criminal hush-money trial in New York. But in a decidedly Democratic state like New York, Biden is likely to gain some ground ahead of the election. AdvertisementAcross the country, suburban voters were already turning away from Trump even before his conviction — as former UN Ambassador Nikki Haley has continued to win significant blocs of GOP voters even after suspending her presidential campaign in March.

Persons: —, Donald Trump, Trump, Stormy Daniels, Marc Molinaro, Anthony D'Esposito, Biden, Steven Hirsch, Mike Lawler, Attorney Alvin Bragg, Letitia James, Kathy Hochul, hyperpartisan, Nick LaLota, Hochul, Robert F, Kennedy Jr, it's, Nikki Haley Organizations: Service, Capitol, Business, Republicans, New York Police Department, Attorney, hyperpartisan New York Democrats, GOP, New York State, Emerson, Trump, Republican, New York House Republicans Locations: New York, New York City, Hudson, Manhattan, D'Esposito's, Democratic, Long, Trump

☆ Democrats pivot on immigration as Republicans take a stand against Biden
▼ + stars: | 2024-02-14 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —The immigration and border crisis is quickly morphing into the dominant issue of American politics – and Democrats are pivoting faster than Republicans at the moment. It took two tries, but House Republicans made their point and voted by the narrowest possible margin to impeach Homeland Security Secretary Alejandro Mayorkas, the first impeachment of a Cabinet secretary since the 1870s. He tacked to the middle specifically on the issue of immigration, hammering Republicans for refusing to work with Democrats on an immigration compromise. Except voters concerned about immigration told CNN reporters that it was also dysfunction on Capitol Hill – Republicans rejected even the idea of a bipartisan immigration deal last week – that drove their votes. Democrats and Republicans in the Senate joined together to pass a foreign aid package this week after it was decoupled from the border compromise.

Persons: –, Joe Biden, Donald Trump’s, Biden, Mayorkas, Alejandro Mayorkas, George Santos, Tom Suozzi, “ Let’s, ” Suozzi, Timothy A, Clary, Santos, Eric Adams, Greg Abbott, Mike Johnson, Johnson, Suozzi, “, ”, ” Johnson, bipartisanship, Hakeem Jeffries, ” Jeffries, Mike Gallagher of, impeaching Mayorkas, ” Gallagher, Larry Hogan, Hogan, CNN’s Dana, ” Hogan, “ I’m, it’s Organizations: CNN, York House, Republicans, Homeland, Democrats, Immigration, Customs, GOP, Trump, Getty, Texas Gov, Republican, Capitol Hill, Hill, “, Capitol, Capitol Hill ., Maryland Gov, Trump Republican Locations: York, New York, midtown Manhattan, AFP, New York City, Texas, Ukraine, Israel, Capitol Hill, Mike Gallagher of Wisconsin, America, Washington

☆ Trump says Republicans would've won New York's special election if their candidate had supported him more
▼ + stars: | 2024-02-14 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Democratic former Rep. Tom Suozzi won Tuesday night's special election in New York. As a result, Trump took to Truth Social to insult the GOP's losing candidate, Mazi Pilip. AdvertisementFormer President Donald Trump railed against the GOP's losing candidate in New York's 3rd Congressional District's special election on Tuesday, attributing her loss to not having supported him enough. Democratic former Rep. Tom Suozzi bested Republican candidate Mazi Pilip on Tuesday by just under 8 percentage points, surpassing expectations set from prior polling amid a heavy New York snowstorm. Trump wrote, referring to Pilip being registered to vote as a Democrat for over a decade when chosen as the GOP's nominee.

Persons: Tom Suozzi, Trump, Mazi, —, Donald Trump, Mazi Pilip, Republican Party's, lambasting Pilip, Mazi Melesa, George Santos, MAGA, Santos, Semafor Organizations: Democratic, Rep, Service, New, Republican, Republicans, THE REPUBLICAN, House, New York House Republicans, Base Locations: New York, America, New York's, York, New

☆ Republicans Tap Israeli Military Veteran to Run for Santos’s Seat
▼ + stars: | 2023-12-14 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

Republicans battling to hold onto the New York House seat vacated by George Santos chose on Thursday another relatively unknown candidate with a remarkable biography but a thin political résumé to run in a special election next year. It was a bold gamble by Long Island Republicans, a group better known for nominating older, white establishment figures. Republicans believe Ms. Pilip, a 44-year-old mother of seven, has the potential to become a breakout star before the Feb. 13 special election, particularly at a moment when Israel’s war with Hamas is reordering American politics. “She is the American success story,” said Peter King, a former New York Republican congressman involved in the nomination. She walks into the room, people notice her, they listen to her.”

Persons: George Santos, Mazi, Pilip, ”, Peter King Organizations: New, New York House, Israel Defense Forces, Long Island Republicans, New York Republican Locations: New York, Ethiopia, American

Disgraced Rep. George Santos announced Thursday that he will not seek reelection after the House Ethics Committee released a blistering report detailing “potential violations of federal criminal law” on his part and referred its findings to the Justice Department. He deceived donors into providing what they thought were contributions to his campaign but were in fact payments for his personal benefit. But both failed to garner enough support, with some Republicans arguing at the time that they would wait for the Ethics Committee to release its findings. Though the committee did not recommend House action taken against Santos, another expulsion vote is expected to follow, likely once the chamber returns from a Thanksgiving recess. Meanwhile, Santos already faces a 23-count federal indictment, though he pleaded not guilty earlier this year.

Persons: George Santos, ”, New York Republican “, “, “ Santos ’, Santos Organizations: Justice Department, New York Republican, Federal, Commission, ” “, House Democrats, New York House Republicans

(CNN) - Mike Johnson swiftly ascended to the speakership with unanimous support from his party. It shouldn’t be this way.”“This has not been a good moment,” said Republican Rep. Mario Diaz-Balart of Florida, reflecting on the last three weeks. “I trust Mike Johnson. New York House Republicans say they plan to introduce a resolution to expel Santos as soon as Thursday. So far, though, Speaker Johnson is treading carefully.

Persons: Mike Johnson, Johnson, Joe Biden, Mike Kelly, ”, Mario Diaz, that’s, It’s, Johnson’s, George Santos, –, “, We’ll, Mitch McConnell –, Sen, Susan Collins of, Collins, doesn’t, Kevin McCarthy, McCarthy, Matt Gaetz, Dan Crenshaw, John Duarte of, they’ve, Dusty Johnson of, Kelly Armstrong of, Mike, Santos, ” CNN’s Lauren Fox, Haley Talbot Organizations: CNN, Republican, GOP, Hamas, Rep, George Santos of New, Israel, White, Senate, Republicans, Texas GOP, Dusty Johnson of South Dakota, New York House Republicans Locations: Florida, Israel, George Santos of, George Santos of New York, Ukraine, Taiwan, Susan Collins of Maine, Texas, John Duarte of California, Dusty Johnson of South, Kelly Armstrong of North Dakota

☆ A husband hid $500,000 in bitcoin during a divorce — and got busted by a crypto hunter
▼ + stars: | 2023-05-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

Thumb drive-size devices, such as a Trezor or Ledger, offer another way to secure crypto tokens cold by safeguarding both the crypto itself and the keys to access it. Transfers of digital assets between chains has helped to expand the crypto market by giving people more ways to pay and transact. With crypto staking, investors typically vault their crypto assets with a blockchain validator, which verifies the accuracy of transactions on the blockchain. The tax implications are another major consideration when choosing how to divide crypto assets. I think the people that are interested in digital assets are going to continue to be interested in digital assets," she said.

☆ A crumbling New York house is for sale for $4,000 — but there's a catch
▼ + stars: | 2023-05-02 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

A four-bedroom, two-bathroom home in Syracuse, New York, is on the market for a lowly $4,000. But the house comes with water damage and will require "major renovation," according to the listing. A potential buyer will need to show proof of $140,000 in funds to support renovations. Listed for a mere $4,000, the 128-year-old yellow home is located a 5-minute drive from the Syracuse University campus. Built in 1894, the house is as old as the first Coca-Cola bottles and the American painter Norman Rockwell.

☆ 78% of voters in Republican Rep. George Santos' district want him to resign: poll
▼ + stars: | 2023-01-31 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

An overwhelming number of Rep. George Santos' own constituents want the Republican to resign. According to a new poll, 78% of voters in Santos' district want him to step down. According to a newly released Newsday/Siena College Poll, 78% of voters in Santos' district who responded to the survey want him to step down. The view was broadly supported by 71% of Republican respondents, 72% of independents, and 89% of Democrats. The poll comes after fellow New York House Republicans and some influential conservatives in the state previously called on Santos to resign.

☆ Former FTX CEO Sam Bankman-Fried and allies lose influence in Washington as company collapses
▼ + stars: | 2022-11-14 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Former FTX CEO Sam Bankman-Fried and his allies are losing advocates in Washington, as the company hits rock bottom. 2 Senate Democrat told CNBC on Monday that the contribution "will be donated to an appropriate charity." It was announced in February that FTX and FTX US were joining the group's board of directors. A spokesman for the crypto trade group told CNBC that "on Thursday, ADAM removed FTX.com and FTX.US from its membership." The lobbying group is led by the former Secretary of Homeland Security Tom Ridge.

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