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☆ Even U.S. presidents make mistakes with their money, author says. Here's how some struggled
▼ + stars: | 2024-11-14 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

Megan Gorman, author of All The Presidents' Money. MG: Money caused and causes anxiety for everyone. For instance, Ronald Reagan used budgeting as a mechanism to manage emotion when it came to money. As Reagan got older, he found that having a budget and sticking to it allowed him to manage his financial anxiety. Early experiences informed money habitsAN: Who had the most financial struggles before becoming president?

Persons: Thomas Jefferson, George Peter Alexander Healy, Megan Gorman Annie Nova, Megan Gorman, Richard Nixon, Grover Cleveland, Calvin Coolidge, John F, Kennedy, spender, Jefferson, Marc Cartwright, Ronald Reagan, Reagan, Harry Truman, Truman, Herbert Hoover, Hoover Organizations: Hulton, White, Stanford Locations: France

☆ When campaign and football season collide: Harris and Trump battle for sports fans: From the Politics Desk
▼ + stars: | 2024-10-18 | by ( The Politics Desk | ) www.nbcnews.com time to read: +9 min

Hey sports fans: Harris and Trump want your voteBy Adam WollnerOctober is a sports fan's paradise. Rebecca Shabad and Peter Alexander report that Harris’ campaign launched ads Friday that will appear on websites dealing with sports news, sports betting, fantasy sports and video games, including DraftKings, Yahoo Sports and IGN. And the Harris campaign said it’s placing ads on sports talk radio and is taking advantage of major NFL, MLB and college football games. The ads end with the tag line: “Kamala is for they/them; President Trump is for you.”These efforts come amid the backdrop of a massive gender gap between the two candidates. The latest national NBC News poll shows Harris leading among women by a 14-point margin (55%-41%), while Trump is ahead with men by 16 points (56%-40%).

Persons: Adam Wollner, Kamala Harris, Donald Trump, Kristen Welker, ”, Harris, Trump, It’s, Rebecca Shabad, Peter Alexander, Magic Johnson, Ben Stiller, ’ ” Tim Walz, Rich, Jonathan Allen, Allan Smith, Olympia Sonnier, Ben Kamisar, Kamala, Joe Biden, won’t, don’t, Mike Pence, ” Harris, “, Sen, Lindsey Graham, Josh Shapiro, alo, lea Organizations: NBC, White House, Capitol, MLB, NHL, NBA, Yahoo Sports, IGN, “, Minnesota Vikings, NFL, NBC News, Voters, Republicans, House, Fox News, Pennsylvania Democratic Gov Locations: Michigan

GRAND RAPIDS, Mich. — Vice President Kamala Harris on Friday continued to steer clear of criticizing President Joe Biden, arguing that vice presidents not denigrating the commander-in-chief is an American tradition. "To be very candid with you, even including Mike Pence, vice presidents are not critical of their presidents. Harris dismissed her critics, including Trump, claiming that "joy" has disappeared from her campaign. NBC News has reached out to the Trump campaign for comment. Both Harris and Trump have been doing targeted media interviews in the final weeks of the campaign.

Persons: Kamala Harris, Joe Biden, Harris, Biden, Mike Pence, Donald Trump, Trump, It’s, Christine Romans, “, she’s, Howard Stern’s, ” Harris, ”, Peter Alexander, Rebecca Shabad Organizations: NBC News, Republican, Medicare, Trump, NBC, Fox News, Boys, Univision, Bloomberg News, NBC News ’, Business, CNBC, CBS Locations: GRAND RAPIDS, Mich, American, Grand, Grand Rapids, Washington

WASHINGTON — Kamala Harris' presidential campaign is ramping up efforts to court male voters two weeks before Election Day with ads on platforms frequented by men who like fantasy sports, sports betting, sports news and video game websites. Kamala Harris is the average Joe underdog and … Ha No, this isn’t a time for jokes," he said. Since she jumped into the race, Harris has been trying to attract men to support her, but Trump continues to perform better among male voters. NBC News’ recent poll found that 56% of male registered voters support Trump, while 40% of them support Harris. According to the Harris campaign, it's also trying to break through and reach men on platforms such as TikTok and live-streaming site Twitch.

Persons: WASHINGTON — Kamala Harris, Harris, Donald Trump, Magic Johnson, Johnson, He’s, Kamala, Ben Stiller, Kamala Harris, …, Trump, it's, It's Organizations: Yahoo Sports, IGN, America, NBC, Trump, MLB

☆ China will probably hit its 5% growth target for 2024: Z-Ben Advisors
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina will probably hit its 5% growth target for 2024: Z-Ben AdvisorsPeter Alexander, founder and managing director at Z-ben Advisors, says "really stepping in with some form of fiscal stimulus is a break in the pattern."

Persons: Ben, Peter Alexander Organizations: China, ben Advisors

FEMA has dedicated disaster relief money that cannot be used for other purposes. FEMA’s disaster response efforts and individual assistance is funded through the Disaster Relief Fund, which is a dedicated fund for disaster efforts,” FEMA said in its post. “Disaster Relief Fund money has not been diverted to other, non-disaster related efforts.”FEMA added: “FEMA has enough money right now for immediate response and recovery needs. However, that program called the Shelter and Services Program, or SSP, is separate from FEMA’s disaster relief fund which is more than $20 billion. A spokesperson for Homeland Security, which oversees FEMA, said any claims of disaster funds going to illegal immigrants are false.

Persons: Donald Trump, Trump, “, ” Trump, Alejandro Mayorkas, Helene, ”, Mayorkas, Hurricane Helene, Jim Jordan, Elon Musk, ” Mayorkas, Karine Jean, Pierre, Joe Biden Organizations: FEMA, Customs, Protection, Trump, Homeland, Disaster Relief Fund, Services, Catholic Charities, Salvation Army, Congress, Homeland Security, Air Force Locations: U.S, Saginaw , Michigan, Denver, Chicago, Philadelphia, Ohio, Hurricane

☆ China's stock surge has echoes of the 2015 bubble. What's different this time
▼ + stars: | 2024-10-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesBEIJING — The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a winning streak on the back of stimulus hopes. Stock market leverage by percentage and value were far higher in 2015 than data for Monday showed, according to Wind Information. He added that there are market risks from how unprepared the stock trading system was for the surge of buying. Reports indicate brokerages have been overwhelmed with new requests, echoing how individuals piled into the stock market nearly a decade earlier.

Persons: Aaron Costello, We're, Xi Jinping, Zhu Ning, Stephen Roach, Yale Law School's Paul Tsai, Costello, Peter Alexander, it's, —, Alexander Organizations: Nurphoto, Getty, Cambridge Associates, U.S ., greenback, U.S, CSI, People's Bank of China, Nikkei, Yale Law, Yale Law School's Paul Tsai China Center, Ministry of Finance, Ben Advisors, Shanghai Stock Exchange Locations: Hangzhou, China, BEIJING, Shanghai, Shenzhen, Asia, MSCI, People's Republic of China, Beijing

☆ 'Keynes is dead in China' and investors are being overly optimistic: Z-Ben Advisors
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Keynes is dead in China' and investors are being overly optimistic: Z-Ben AdvisorsPeter Alexander of Z-Ben Advisors says he is concerned that if and when fiscal stimulus in China is announced, it will not match the expectations of investors.

Persons: Keynes, Ben, Peter Alexander of Z Organizations: Ben Advisors Locations: China

First lady Jill Biden emphasized in an interview with NBC News that "we have to have a peaceful transfer of power," urging Americans to "come together" amid deep political divisions. "As Americans, you know, that’s a right that we’ve been given, and I think we have to take advantage of that, and then we have to have a peaceful transfer of power." The interview came during a tour of "The People's House," a new White House interactive exhibit. Jill Biden helped spearhead the exhibit, along with the White House Historical Association. The broadcast of the tour will air on "Saturday TODAY.”"It’s just what an educator wants," said Biden, who is a college educator.

Persons: Jill Biden, that’s, we’ve, Donald Trump, Trump, Biden, Joe, he’s Organizations: NBC, U.S, Capitol, White, Historical Association

Vice President Kamala Harris has selected Minnesota Gov. Harris' campaign texted supporters Tuesday morning, calling Walz "a battle-tested leader who has an incredible track record of getting things done for Minnesota families" and asking for donations to support the new ticket. In picking Walz, who's in his second term and also served 12 years in Congress, Harris will have as her No. Harris also appreciates how different Walz is from her in terms of the contrast he can provide, the sources said. Karoline Leavitt, the Trump campaign press secretary, called Walz a "West Coast wannabe" who has tried "to reshape Minnesota in the image of the Golden State."

Persons: Kamala Harris, Tim Walz, Harris, texted, Walz, who's, Donald Trump, Joe Biden, they’ve, Harris ’, Josh Shapiro, Stephen Maturen, Walz's, Trump, —, Biden, Jenn Ackerman, Sen, JD Vance, ”, Vance, Karoline Leavitt, ” Walz, Joe ”, “, Picking Walz doesn't, George Floyd Organizations: Minnesota Gov, Democratic, Pennsylvania, Minn, Getty, Trump, Army National Guard, NPR, Marist, National Guard, House, Minneapolis Star Tribune, Democrats, New York Times, MAGA Inc, Golden, GOP, Midwestern, MAGA, Democratic National Convention Locations: Minnesota, Rust Belt, Wisconsin , Pennsylvania, Michigan, St, Paul, AFP, Nebraska, Mankato, Minneapolis, Minnesota’s, Golden State, America, U.S, ”

WASHINGTON — Vice President Kamala Harris is expected to reveal her vice presidential pick Tuesday, ahead of their first rally together in Philadelphia in the evening, according to two sources familiar with the plan. The rollout Tuesday will likely look similar to past major announcements, including digital video and social media components, as well as a fundraising appeal, these sources said. The Harris campaign will also disseminate various text messages to its supporters throughout the day, as has been a common practice in the past around big moments. The highly anticipated decision comes after Harris met in person Sunday with three of the contenders who have been under consideration as her vice presidential pick — Pennsylvania Gov. On Friday, Harris secured a majority of support as part of a virtual roll call from Democratic National Committee delegates needed to win the party’s nomination for president.

Persons: WASHINGTON, Kamala Harris, Harris, Josh Shapiro, Arizona Sen, Mark Kelly, Tim Walz —, JB Pritzker, Andy Beshear, Pete Buttigieg, Eric Holder, Burling Organizations: Pennsylvania, Minnesota Gov, Illinois Gov, Kentucky Gov, Burling LLP, Naval, Democratic National Committee Locations: Philadelphia, Arizona, Kentucky, Covington, Chicago

☆ Chinese stocks are starting to turn around. How to play it
▼ + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.

Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, —, Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S

☆ China's cutthroat competition hasn't been lost with the slowdown. EV companies fighting to win
▼ + stars: | 2023-09-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

I was in town for an event by Chinese electric car company Nio , which was vying with Huawei's big Connect conference for literal space and attention in a week of tech news. Electric car manufacturers are abuzz In the world of electric cars alone, Baidu -backed startup Jidu launched its car on Tuesday afternoon; Xpeng also unveiled its new G9 electric SUV. Nio, which had just wrapped its fifth car release in four months the prior week, launched a smartphone on Thursday. A competitive spirit, particularly in tech China's cutthroat competition hasn't been lost with the slowdown. While she hasn't had time to give the Nio phone a good look yet, she said she's a regular at the local Nio House, and invites family and friends there.

Persons: Xpeng, Leapmotor, William Li, Li, that's, Meng Wanzhou, JD.com, JD, Peter Alexander, Alexander, Frank Fan, Nio, Angela Cai, Cai, hasn't, she's, — CNBC's Michael Bloom Organizations: Baidu, Wednesday, CNBC, Companies, Huawei, Netflix, Ben Advisors, ., Starbucks, Apple, China, Bank of America Locations: Beijing, Shanghai, Arcfox, U.S, China, China .

☆ Risks in China aren't materially any different today than last 2-3 decades: Z-Ben's Peter Alexander
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisks in China aren't materially any different today than last 2-3 decades: Z-Ben's Peter AlexanderPeter Alexander, Z-Ben Advisors founder and managing director, joins 'Squawk Box' to discuss the state of U.S.-China relations,

Persons: Peter Alexander Peter Alexander Organizations: Ben Advisors Locations: China, U.S

The eight candidates who sparred in the GOP debate still face the tough challenge of chipping away at Trump’s lead in the race. NBC News’ Shaq Brewster watched the debate with a group of two-time Trump voters in Waukesha, Wis.. Asked to raise their hand if the debate made them interested in a candidate other than Trump, all four voters kept their hands down. Still, Benfield plans to support Trump’s campaign next year. Hoosier showdown: GOP Rep. Jim Banks’ Senate run got a boost during the GOP debate, with the conservative group launching an ad on Fox News supporting his bid.

Persons: Trump’s, Shaq Brewster, Scott, Trump, Mike Benfield, Brewster, Ramaswamy, “, ” Benfield, Benfield, ”, Biden, they’re, Peter Alexander, Elyse Perlmutter, Grace Jaworski, Megan Lebowitz, Ron DeSantis, fundraise, Donald Trump, DeSantis, Matt Dixon, David Sachs, Vivek Ramaswamy, Puck, ’ Ryan Reilly, Jim Banks, Banks, John Rust Organizations: GOP, NBC, Trump, New York, Florida Republican Gov, Florida Republicans, Senate, Fox News Locations: Waukesha, Wis, Reno, Nev, Florida, Atlanta, Fulton County

☆ Biden to advocate the release of detained journalists at the White House correspondents’ dinner
▼ + stars: | 2023-04-29 | by ( Megan Lebowitz | Peter Alexander | ) www.cnbc.com time to read: +3 min

President Joe Biden plans to use his remarks Saturday at the White House Correspondents' Association dinner to address press freedoms and the detainment of American journalists. At the 2022 dinner, Biden spoke for just under 15 minutes, cracking jokes at himself and the media. The history of the famed dinner stretches back to 1914, when the White House Correspondents' Association was established. Trump skipped all of the White House correspondents' dinners during his term. After comedian Michelle Wolf delivered a blistering 2018 dinner routine taking aim at the Trump administration, Trump tweeted that "the White House Correspondents' Dinner is DEAD as we know it."

☆ Ukraine’s corn and wheat exports are set to plummet. Here’s what that means for the world's food supply
▼ + stars: | 2023-04-20 | by ( Lucy Handley | ) www.cnbc.com time to read: +7 min

Both Ukraine and Russia were among the world's top producers of commodities such as wheat and barley before the war broke out in February 2022. But the conflict saw the price of U.S. wheat and corn futures hit decade highs (with one benchmark wheat contract hitting an all-time high) and sparked volatility in global wheat prices throughout the year. 2023/24 Ukraine grains exports (corn + wheat) might be 27-30mmt, down 15-18mmt from 2021/22," he added. Global food tradeThe war in Ukraine has contributed to rising food prices, with inflation above 5% in more than 80% of low-income countries, according to World Bank figures. Climate change causing extreme weather is already damaging the food system, according to Alexander, a senior lecturer at Edinburgh University's Global Academy of Agriculture and Food Systems.

President Joe Biden jogs across the South Lawn of the White House to speak with visitors before boarding Marine One, Friday, March 18, 2022, in Washington. President Joe Biden remains "fit" to conduct his duties as president, according to a medical memo released by the White House following a routine physical exam on Thursday. "President Biden remains a healthy, vigorous 80-year-old male, who is fit to successfully execute the duties of the Presidency," White House physician Kevin O'Connor said in a five-page memo. Biden was expected to have his exam in January, but it was postponed due to schedule conflicts, White House press secretary Karine Jean-Pierre said earlier this month. In 2021, Biden's exam included a colonoscopy, which required sedation.

President Joe Biden is planning to deliver his most extended public remarks yet — as early as Thursday — on the unidentified objects that the U.S. military has been shooting down, three people familiar with the matter said. With federal investigators analyzing the wreckage and many questions still unanswered, Biden has been sparing in his remarks thus far. White House officials have been privately discussing whether he should deliver an address about the military shooting down a Chinese spy balloon and three other objects that have still not been identified, NBC News reported Tuesday. Lawmakers who've gotten private briefings about the aerial objects have said they want to hear directly from Biden about whether the U.S. is under threat. "In his remarks, Biden is expected to lay out the standards the U.S will employ when deciding whether to shoot down unknown objects floating overhead, or, instead, let them pass because they are benign in nature and no threat to civilian aircraft.

WASHINGTON — The National Archives and Records Administration on Thursday requested that former presidents and vice presidents "conduct an assessment" to determine if they have any classified materials in their possession. Under the Presidential Records Act, all presidential and vice presidential records - including any classified documents - must be turned over to Archives by the end of their terms. A spokesperson for the Archives declined to comment on the letter, which was sent after classified documents were found at the homes of former Vice Presidents Joe Biden and Mike Pence, as well as an office Biden previously used. On Thursday, Bush's office responded to the Archives letter by saying, "Thank you for your note. Former Vice President Dan Quayle’s office said Thursday: “We have not received an inquiry from the National Archives.

A "small number" of classified documents were discovered last week at former Vice President Mike Pence’s Indiana home, according to two letters Pence’s counsel sent to the National Archives obtained by NBC News on Tuesday. Pence's team “immediately” secured the classified documents in a locked safe, Jacob said. The transfer was facilitated by Pence’s personal attorney, who has experience in handling classified documents and was involved with the Jan. 16 discovery. Pence spokesman Devin O’Malley later told NBC News that “no potential classified documents” were found at the offices of Pence’s organization Advancing American Freedom after Pence’s team searched the offices and the former vice president’s home in Indiana. In a statement Tuesday, Comer said Pence reached out to the panel about classified documents found at his Indiana residence.

☆ JPMorgan, Standard Chartered win approval to expand in China
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Jan 19 (Reuters) - JPMorgan (JPM.N) and Standard Chartered won Chinese regulatory approval on Thursday to expand operations in China, as Beijing encourages expansion by foreign companies after lifting its restrictive COVID policies. British bank Standard Chartered (STAN.L) won an approval to set up a new securities brokerage unit in China also on Thursday, the regulator said. Canada's Manulife Financial Corp (MFC.TO) in November received regulatory approval to take full control of its Chinese mutual fund venture. U.S. asset manager Neuberger Berman in the same month won approval to set up a new fund unit in China. "China is certainly going to be bit of a long slog," Alexander said, referring to China's lengthy approval process for foreign companies.

The jump was aided by Bridgewater China's raising of 2.7 billion yuan through a product launch in December, said the sources. Connecticut-based Bridgewater launched its first onshore China fund in 2018, and three years later its assets under management (AUM) in China exceeded 10 billion yuan, catapulting the firm past Winton and Man Group to become the biggest foreign hedge fund house in the country. By early November, Bridgewater's onshore China funds grew to roughly 19 billion yuan, Shanghai government data showed. The steady performance of Bridgewater's China funds - mainly targeting wealthy individuals - was highlighted in the hedge fund firm's sales pitch, which was seen by Reuters. Bridgewater's first China fund achieved an annualised return of 15.6% in the four years following its October 2018 launch.

Share this -Link copied'It's too much for me': Zelenskyy begins speech by thanking U.S. Zelenskyy began his remarks before a joint meeting of Congress at 7:40 p.m. "I think we share the exact same vision, that of a free, independent and prosperous Ukraine," Biden said. The Ukrainian president added that the soldier told him that "many (of) his brothers, this system saved." President Joe Biden holds a medal presented to him by Ukrainian President Volodymyr Zelenskyy in the Oval Office. Share this -Link copiedPhoto: Zelenskyy shakes hands with Biden as he arrives President Joe Biden welcomes Ukrainian President Volodymyr Zelenskyy to the White House.

President Zelenskyy is an inspiring leader. He's expected to visit the White House before addressing a joint session of Congress at the Capitol. A group of soldiers who helped defend Bakhmut gave him a Ukrainian flag and asked him to get it to Congress — and the Ukrainian president promised to give it to Biden himself. We will pass it on from the boys to the Congress, to the president of the United States. We are grateful for their support, but it is not enough.” Share this -Link copied

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