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☆ Mizuho upgrades Tesla to buy, citing 'idiosyncratic tailwinds' over next four years
▼ + stars: | 2024-12-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Tesla has more room to run under new presidential administration, according to the Mizuho. "We see idiosyncratic tailwinds over the next ~4Y positioning it favorably," Rakesh said in a note to clients. TSLA YTD mountain Tesla stock this year. Rakesh expects easing regulatory framework around autonomous driving to be a positive catalyst for Tesla's full self-driving and robotaxi valuations. Of the 54 who cover the EV maker, 25 rate it as a buy or strong buy, according to LSEG.

Persons: Tesla, Vijay Rakesh, Rakesh, Donald Trump's, Elon Musk's, Trump Organizations: Mizuho, European Union, East Locations: Latin America, Canada, East Asia, Pacific

☆ How rising US debt could compound into a crisis, according to 'bond king' Jeffrey Gundlach
▼ + stars: | 2024-12-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

US debt problems will be felt in the coming years, Jeffrey Gundlach wrote for The Economist. By 2034, debt servicing could consume 45% of tax revenue, he estimates. Gundlach said that Washington has been plagued by large budget deficits since the 1980s, but these were easier to fund when interest rates were low. A recession could exacerbate such a scenario, he said, given that the government would have less tax revenue to rely on. "By 2034 debt service at 6% rates would consume 45% of all tax revenue; at 9% rates it would eat up 83%.

Persons: Jeffrey Gundlach, Ray Dalio, Gundlach, Pimco, Trump Organizations: DoubleLine, Wall, Federal Reserve Locations: America, Washington

☆ Cisco CEO: Business community 'upbeat' about incoming administration
▼ + stars: | 2024-12-12 | 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 EmailCisco CEO: Business community 'upbeat' about incoming administrationChuck Robbins, Cisco CEO, joins 'Money Movers' to discuss the incoming presidential administration, what business leaders are expecting from this next administration, and much, much more.

Persons: Chuck Robbins Organizations: Cisco, Business

☆ SpaceX valuation surges to $350 billion as company buys back stock
▼ + stars: | 2024-12-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The valuation of Elon Musk's SpaceX hit $350 billion based on a secondary share sale, CNBC confirmed on Wednesday. SpaceX, as well as investors, agreed to buy stock from insiders in a $1.25 billion purchase offer at $185 a share, according to copies of the offer obtained by CNBC. The company routinely performs these secondary rounds — about twice a year — to give employees and other shareholders a chance to sell stock. The latest valuation represents a 67% surge from SpaceX's previous high of $210 billion, which the company hit through a June secondary share sale. SpaceX's soaring valuation comes as the company furthers its dominant position in the space industry, all while Musk has become an influential figure in the coming presidential administration.

Persons: SpaceX's, Musk Organizations: Boca Chica, Elon, SpaceX, CNBC, U.S ., Falcon Locations: Brownsville , Texas, U.S

☆ There's one final way Biden can fund Ukraine's fight against Russia, researchers say
▼ + stars: | 2024-12-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The Biden administration should seize Russia's frozen assets held by the US, two researchers say. President Joe Biden's final move to help Ukraine should be to seize Russia's reserve assets held by the US before the start of Donald Trump's second term, two researchers wrote this week. "Saudi Arabia, for example, has threatened to sell its European debt holdings if Europe seizes the frozen assets." The US wouldn't be completely alone in doing so — both Canada and the United Kingdom appear willing to seize assets held in their countries. Russia has warned of retaliation if its frozen assets are seized, cautioning that it could seize Western-owned corporate assets still in the country.

Persons: Biden, Joe Biden's, Donald Trump's, Trump, Joe Biden, Maximilian Hess, Carey K, Mott, Hess, Hungary's, Janet Yellen Organizations: Policy Research Institute, Yale Program, Kremlin, Kyiv, Seven, Russia, European, Western, Bloomberg Locations: Europe, Ukraine, United States, Moscow, Saudi Arabia, Germany, Canada, United Kingdom, Russia

Andy Beshear warned Democrats about a key obstacle to their ambitions for redefinition: President-elect Donald Trump. In the last Trump administration, people focused “too much on Trump and what was happening in D.C. and not enough on [Democratic] priorities,” Beshear said. Andy Beshear says his party can't fall into an "us versus them" mindset during the second Trump administration. So we are very open to working with the Trump administration,” she added. “As much as we need to be sober and reflective, it’s also not, therefore, the end of the Democratic Party, the end of the world,” Murphy said.

Persons: Phil Murphy, Andy Beshear, Donald Trump, Trump, ” Beshear, “, ”, “ It’s, Trump’s, can’t, Trumpism, Gavin Newsom, JB Pritzker, Beshear, Laura Kelly of Kansas, Tom Williams, what’s, ” Kelly, it’s, Sen, John Fetterman, Fetterman, Josh Gottheimer, Mikie Sherrill, Murphy, Ras, Steve Fulop, Kamala Harris, Harris, ’ ” Murphy, ’, ” Murphy, I’m Organizations: ANGELES, Democratic, White House, New, New Jersey Gov, NBC News, Kentucky Gov, Trump, California Gov, Illinois Gov, Trump ., Democratic Governors Association, Inc, Getty, NBC, Democratic House, Jersey City, Republican, Democratic National Committee, Democratic Party Locations: California, New Jersey, Kentucky, Kansas, Newark, Ras Baraka, Jersey

☆ Mark Cuban: This will 'be the No. 1 housing affordability issue' in the U.S.—Florida especially will have 'huge problems'
▼ + stars: | 2024-12-05 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

"Home insurance in areas hit by repetitive disasters is going to be the number one housing affordability issue over the next 4 years. On average, you'll pay $2,304 per year for a policy with $300,000 in dwelling coverage, according to Bankrate, a 17% increase from January 2022. You'll pay more if you have a trampoline or a pool, for instance, both of which boost the odds of injury at your home. You'll pay more if there is a higher likelihood that you'll make a claim to repair a home damaged by weather. What to do to combat rising home insurance costs

Persons: Mark Cuban, Harris, Walz, Nathan Posner, you've, Shannon Martin, Bankrate, Martin, Leslie Kasperowicz Organizations: Anadolu, Getty, Nebraska Locations: Atlanta , Georgia, United States, Florida

☆ President Joe Biden issues pardon for son Hunter in federal gun, tax cases
▼ + stars: | 2024-12-02 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

AdvertisementPresident Joe Biden issued a pardon for his son, Hunter, for federal gun and tax evasion charges. Hunter Biden pleaded guilty to and was convicted of 12 counts carrying a max sentence of up to 42 years. President Joe Biden has issued a pardon for his son, Hunter Biden, for federal gun and tax evasion charges. "Today, I signed a pardon for my son Hunter," Biden said in a statement released Sunday. AdvertisementJoe Biden had previously — and repeatedly — insisted he would not use his pardon power to protect Hunter Biden from the verdicts in his cases.

Persons: Joe Biden, Hunter, Hunter Biden, Biden, Justice Department's, —, Hunter —, they've, Donald Trump's, David Weiss, Weiss, Maryellen Noreika, Trump, Hunter Biden wouldn't, Joe Organizations: Justice, Trump, Department, Washington Post, Biden Locations: Delaware

☆ Trump's pick for Treasury secretary shows there's a limit to Elon Musk's influence
▼ + stars: | 2024-11-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. Trump tapped hedge fund manager Scott Bessent, the founder and chief executive of Key Square Group, to be his next Treasury secretary on Friday. Bessent, a Wall Street veteran and a top economic advisor to Trump, emerged as a favorite of the president-elect while on the campaign trail this year. The Wall Street Journal reported that Trump sought advice from Wall Street leaders for the Treasury spot, and his advisors told him that analysts would view Bessent as a stabilizing figure.

Persons: Elon, Donald Trump's, Musk, Howard Lutnick, Trump, Scott Bessent, Donald Trump, Elon Musk, Vivek Ramaswamy, Bessent, Cantor Fitzgerald, — Organizations: Mar, UFC, of Government Efficiency, Trump, Key Square, Wall Street, Senate, Street Journal, Treasury, Business Locations: Lago, Florida, New York, Trump's, United States

☆ Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed
▼ + stars: | 2024-11-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed. Intuit called for second-quarter earnings of $2.55 to $2.61 per share, with $3.81 billion to $3.85 billion in revenue. At Thursday's close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained almost 25% in the same period. On Tuesday Intuit shares slipped 5% after The Washington Post said U.S. President-elect Donald Trump's proposed Department of Government Efficiency had discussed developing a mobile app for federal income tax filing. WATCH: H&R Block, Intuit shares fall after report Trump admin considering a free tax-filing app

Persons: Sasan Goodarzi, LSEG, Sandeep Aujla, Aujla, Donald Trump's, CNBC's Jon Fortt, Goodarzi, he's Organizations: Intuit, Global Business Solutions Group, Small, Washington Post, Government Efficiency, CNBC, Trump Locations: Los Angeles, MailChimp, Thursday's

☆ 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

EMILY’s List, a national group that backs Democratic women running for office, endorsed Rep. Mikie Sherrill’s bid for New Jersey governor on Monday, just hours after she announced her campaign. “In the United States Navy and in Congress, Rep. Sherrill has shown her unwavering commitment to serving our country and the people of New Jersey. We are thrilled to support Rep. Sherrill and to elect the first Democratic woman governor of New Jersey,” Mackler said. Sherrill is the first woman to enter the New Jersey race. EMILY’s List has also endorsed Rep. Abigail Spanberger, D-Va., who is running in Virginia’s gubernatorial contest.

Persons: Mikie, Jessica Mackler, she’ll, Sherrill, ” Mackler, Josh Gottheimer, Ras, Steve Fulop, Phil Murphy, Glenn Youngkin, Abigail Spanberger Organizations: Democratic, New, NBC News, Garden State, “, United States Navy, Rep, Navy, Republican, Jersey City, Gov, Democrat, GOP Gov Locations: New Jersey, Garden, Congress, Newark, Ras Baraka, Jersey, Virginia’s

☆ Georgia: Protesters storm parliament in breakaway region of Abkhazia over Russia deal
▼ + stars: | 2024-11-15 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

CNN —Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow. Protesters used a truck to smash through the metal gates surrounding the parliament in the capital Sukhumi. Eshsou Kakalia, an opposition leader and former deputy prosecutor general, said the parliament building was under the control of the protesters. “We will now seek the resignation of the current president of Abkhazia,” he was quoted by Russia’s Interfax news agency as saying. Protesters also broke into the presidential administration offices located in the same building as the parliament.

Persons: Russia’s, Protesters, Maxim Reshetnikov, Kristina Ozgan, Aslan Bzhania, Alexander Ankvab, Raul Khadzhimba Organizations: CNN — Protesters, Protesters, Russia’s Interfax, Russian Economy, Abkhazian, Russian Locations: Russian, Georgian, Abkhazia, Moscow, Sukhumi, ”, Russia, South Ossetia, Georgia, Soviet

☆ RFK Jr.’s to-do list to make America ‘healthy’ — vaccines, fluoride and food — has health experts worried
▼ + stars: | 2024-11-15 | by ( Meg Tirrell | Katherine Dillinger | ) edition.cnn.com time to read: +12 min

“Donald Trump’s bungling of public health policy during the Covid pandemic cost hundreds of thousands of lives. “FDA’s war on public health is about to end,” he said in a social media post. Pack your bags.”That warning followed comments Kennedy has made about ending National Institutes of Health research into infectious diseases, putting doctors in the field on edge. water systems to remove fluoride from public water. Kennedy’s messaging on food policy has resonated with some health experts in that field.

Persons: Donald Trump’s, Robert F, Kennedy Jr, Dr, Ashish Jha, “, Carlos del Rio, Trump, ” Trump, “ Robert F, Kennedy, Jr, ” Robert Weissman, “ Donald Trump’s bungling, Michael Osterholm, ”, Osterholm, he’d, Ronald Reagan’s, he’s, ” Kennedy, Paul Offit, Jesse Watters, I’ve, Jason Schwartz, Edward Chen, it’s, I’m, Ashley Malin, ” Malin, Food Kennedy, Sanjay Gupta, Marion Nestle, Sen, Ron Johnson, Nestle, ” Nestle, CNN’s Carma Hassan, Nadia Kounang, Daniel Dale, Aaron Pellish Organizations: CNN, US Department of Health, Human, Brown University School of Public Health, Emory School of Medicine & Grady Health, Public Health, Health, HHS, Department of Health, Human Services, Public Citizen, Infectious Disease, University of Minnesota, US Centers for Disease Control, US Food and Drug, FDA, Pharma, of Health, Vaccine Education Center, Children’s Hospital of Philadelphia, CDC, Vaccines, Health Defense, Fox News, Yale School of Public Health, Trump White, U.S, American Dental Association, Environmental Protection Agency, MSNBC, Epidemiology, University of Florida’s College of Public Health, CNN Health Locations: Wisconsin

☆ Melania Trump unlikely to move to the White House full time as first lady: ‘This time is different’
▼ + stars: | 2024-11-13 | by ( Betsy Klein | Kristen Holmes | ) edition.cnn.com time to read: +12 min

I was in the White House before. The Bidens have similarly spent significant time at the family’s Delaware homes, though the White House has been both Joe and Jill Biden’s primary residence on weekdays for the past four years. I don’t feel that way,” Melania Trump told Fox News’ Ainsley Earhardt last month. The prospect of a first lady declining to live full time at the White House offers a remarkable break in precedent but should not be surprising to those who have long observed Melania Trump. In this May 2018 photo, Melania Trump arrives during a "Be Best" initiative event in the Rose Garden of the White House in Washington, DC.

Persons: Washington CNN — Melania Trump, she’ll, Jill Biden, Joe Biden, Donald Trump’s, Melania Trump, Trump, “ I’m, ” Trump, Donald Trump, Jill Biden’s, Barron, Barron Trump, ” Melania Trump, Ainsley Earhardt, … He’s, ”, Kate Bennett, Melania Trump’s, Biden, children’s, Al Drago, Bennett, ‘, Stephanie Grisham, “, Stephanie Winston Wolkoff, Winston Wolkoff, Laura Bush, Michelle Obama, Rosalynn Carter, “ wasn’t, Rebecca Wright, that’s, ” Bennett Organizations: Washington CNN, CNN, White, Fox News, Mar, New York University, Trump, White House, CNN White House, “, Bloomberg, Getty, East Wing, SSRS, Palm, ”, Republican National Convention Locations: Washington, New York City, Palm Beach , Florida, Lago, Bedminster , New Jersey, Delaware, Florida, New York, Madison, West Palm Beach, Rose, Washington , DC, McAllen , Texas, Palm Beach and New York, Milwaukee

☆ Scientists warn that a key Atlantic current could collapse, among other climate tipping points
▼ + stars: | 2024-11-12 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

Among other findings, it warns that several key climate tipping points appear more likely to be reached than previously thought. Ice loss from the Thwaites Glacier, also known as the “Doomsday” glacier because its collapse could precipitate rapid Antarctic ice loss, may be unstoppable. These are just a few of the stark findings from more than 50 leading snow and ice scientists, which are detailed in a new report from the International Cryosphere Climate Initiative. The report highlights a shift in consensus: Scientists once thought tipping points — like the collapse of AMOC — were distant or remote possibilities. Even if they were on track, those commitments are insufficient to reach global climate goals, the authors say.

Persons: it’s, ”, Helen Findlay, “, AMOC, Julie Brigham, We’ve, Sean Gallup, ” Findlay, Mukhtar Babayev, Donald Trump, Trump, Joe Biden, Peter Neff, there’s, ” Neff Organizations: Initiative, Southern Hemisphere, Plymouth Marine Laboratory, Copernicus, ESA, United Nations, University of Massachusetts Amherst, Getty, ”, University of Minnesota Locations: Venezuela, Atlantic, Europe, England, Iceland, Alaska, Asia, Baku, Azerbaijan, Paris, Ilulissat, Greenland, U.S

☆ Trump’s emerging team of loyalists is primed for a fast start in his second term
▼ + stars: | 2024-11-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Miller was a powerful White House aide in Trump’s first term, authoring much of his most fiery scripted rhetoric as a speechwriter. Yet despite these draconian visions, there’s uncertainty about how far Trump will go in his deportation program and whether it matches his dystopian speeches. Many Democrats and Republicans could agree on Trump’s vow to start by deporting criminal undocumented migrants — the easiest part of his plan. Trump’s critics and vulnerable undocumented migrants, however, will find little in the president-elect’s new staff picks to offer them comfort. In every incoming presidential administration, staffing is important and provides ideological clues to how a White House will act.

Persons: Donald Trump, he’s, Elon Musk, Stephen Miller, he’d, Tom Homan, Trump, Marco Rubio, CNN’s Kaitlan Collins, Rubio, Donald J, ” Rubio’s, Elise Stefanik, Mike Waltz, ” Rubio, Lee Zeldin, Zeldin, ’, don’t, James Comey, Susie Wiles, Homan, Miller, George W, Waltz, Donald Rumsfeld, Robert Gates . Homan, Alyssa Farah Griffin, ” Griffin, CNN’s Erin Burnett, Trump’s, there’s, —, ”, ” Miller, Trump . Chad Wolf, ” Wolf, CNN’s Jake Tapper, Biden, Vladimir Putin, Volodymyr Zelensky’s Organizations: CNN, it’s, White, Fox News, Democratic, Republican, Republican National Convention, The New York Times, GOP, United Nations, New York, Florida, New York Rep, Environmental Protection Agency, FBI, Senate Foreign Relations, Intelligence, Harvard, Bush, Wing, Customs, Army, Trump White House, CBS, Trump, Conservative Political, Conference, Trump ., Hamas, Democratic Party, Biden Locations: Washington, Lago, Trump’s, Madison, Florida, America, China, Zeldin, Afghanistan, East, Africa, Ukraine, Gaza, Israel, Europe

Here's what needs to go right for Intel, the only US-based manufacturer of powerful chips. AdvertisementUS policymakers are still betting that Intel is the nation's best shot at manufacturing chips. Intel needs to balance the booksIntel plans to spin out its semiconductor manufacturing business into an independent subsidiary called Intel Foundry, separating the manufacturing process from its chip-design business. Not everyone is convinced that government intervention will help Intel get back on track in chip manufacturing. The report said they also discussed a potential merger between the company's chip design business and a competitor like AMD or Marvell.

Persons: —, Dow, It's, they're, Alistair Barr, Stacy Rasgon, Patrick Moorhead, Moorhead, they've, Logan Purk, Edward Jones, Dan Morgan, Pat Gelsinger, Morgan, Rasgon, Daniel Newman, hasn't, Newman, Gina Raimondo, Donald, it's, Mark Warner, Semafor Organizations: Wall Street, Intel, Service, Dow Jones, Nvidia, Business, Qualcomm, AMD, Dow, Bernstein Research, TSMC, Intel Foundry, Synovus, Futurum Group, Act, Google, Microsoft, Apple, New York Times, Commerce Department, Sen, Marvell, Warner Locations: Taiwan, Washington

“It’s not a question of a price tag. There is no price tag,” the president-elect told Welker. On Sunday, Barrasso dodged questions about whether there should be limits to how much Trump can spend on his deportation plan. “I agree there’s no price tag on protecting the safety and security of our country and our citizens. “Well, since President Trump hasn’t actually made any nominations yet along those lines, I’m not going to comment on any one individual,” the senator said.

Persons: Sen, John Barrasso, Donald Trump, Kristen Welker, John F, Kennedy, Robert F, Trump, ”, John Kennedy, Bobby, ” Barrasso, ” “, Kevin Dietsch, Barrasso, “ It’s, they’re, Welker, “, haven’t, Kennedy Jr, Trump hasn’t, I’m, ” Trump Organizations: Sunday, of, White, NBC, Press, Senate, Department, U.S, NBC News, ”, Trump White House Locations: United States, U.S

☆ January 6 rioters and judges digest the impact of Trump’s victory
▼ + stars: | 2024-11-10 | by ( Devan Cole | ) edition.cnn.com time to read: +5 min

Attorneys for some defendants also suggested Trump’s victory was unfair in light of the fact that rioters are still being prosecuted and sentenced. Talk of potential presidential pardons permeated at least one violent rioter’s sentencing Thursday, when Zachary Alam told a judge he had no remorse for his actions. I want a full pardon.”“Instead of pardons of innocence, some January 6ers should receive pardons of patriotism,” Alam added. US District Judge Dabney Friedrich, a Trump appointee, later said Alam was “delusional” to think that his actions on January 6 were patriotic. Alam was convicted on multiple felony and misdemeanor counts stemming from his participation in the Capitol attack.

Persons: Donald Trump, Trump, Jack Smith, Elizabeth Mullin, Jaimee Avery, Zachary Alam, ” Alam, Alam, ”, Dabney Friedrich, Ashli Babbitt, Friedrich, Nicholas Fuller, ” Michelle Peterson, Fuller, Peterson, “, ” Peterson, Colleen Kollar, Bill Clinton, “ Mr, Joe Biden, Christopher Cooper, Cooper, Obama Organizations: CNN, Capitol, Trump, Prosecutors, US, US Justice Department, DC Locations: Washington ,, Minnesota

☆ As Trump grasps unprecedented power, the Supreme Court’s decision on presidential immunity looms large
▼ + stars: | 2024-11-08 | by ( John Fritze | ) edition.cnn.com time to read: +7 min

Immune, immune, immune.”Justice Department ‘problem’But just how far that immunity extends is murky. The Supreme Court’s 6-3 decision left many questions unanswered and lower courts have not yet wrestled with them. But the Supreme Court majority ruled that a president’s power to direct the Justice Department’s investigative and prosecutorial work is within his exclusive constitutional authority. While the Supreme Court granted former presidents wide immunity, the ruling made no such promises to aides in the White House or Justice Department. Even the conservative Supreme Court and several lower courts repeatedly blocked Trump, who according to a study last year had the worst win rate at the high court of any modern president.

Persons: Donald Trump, Trump, Jack Smith “, Joe Biden, “, ”, Neil Eggleston, Obama, John Roberts, Biden, chafed, Sonia Sotomayor, Sotomayor, Smith, It’s, Smith’s, Trump’s, Richard Painter, George W, Bush, Painter, ” Biden, Kamala Harris, Hillary Clinton, Mark Meadows, ” Rod Rosenstein Organizations: CNN, White, ”, Navy, Department, Trump, Justice Department, Supreme Court Locations: Georgia

☆ JPMorgan execs call for unity in a memo to staff on Trump's victory
▼ + stars: | 2024-11-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

JPMorgan CEO Jamie Dimon congratulated Donald Trump on winning the White House. In a memo to staff, Dimon and other top JPM executives called for "bringing our nation together." On Wednesday, JPMorgan CEO Jamie Dimon weighed in to say the time has come to band together as a nation. In a memo to staff, members of the bank's operating committee, including Dimon, congratulated Trump before recalling Dimon's comments from Election Day about national unity. AdvertisementRead the full contents of the Wednesday memo from JPMorgan's Operating Committee about Trump's victory below.

Persons: Jamie Dimon, Donald Trump, Dimon, —, Donald Trump's, Kamala Harris, Trump, Jamie, Diana Frost, Kraft Heinz, Judith Kent, Harris, Walz, Kent, Goldman Sachs, David Solomon, JD Vance, Ashley Bacon, Jeremy Barnum, Lori Beer, Tim Berry, Mary Erdoes, Wealth Management Stacey Friedman, Teresa Heitsenrether, Marianne Lake, Consumer & Community Banking Robin Leopold ,, Doug Petno, Global Banking Jenn Piepszak, & Investment Bank Daniel Pinto, JPMorgan Chase Troy Rohrbaugh, & Investment Bank Sanoke Viswanathan, Reed Alexander Organizations: White, Service, Wednesday, JPMorgan, Dimon, Wells, Wall Street, Wealth Management, Consumer & Community Banking, Human, Global Banking, & Investment Bank, International Consumer Locations: Wall, United States, Washington ,, Wells Fargo, Michigan

☆ A battle over the future of US retirement is playing out in Pennsylvania as the election looms
▼ + stars: | 2024-10-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +12 min

Similar to Maureen, she's concerned about financial security for older Americans — but she will be supporting Vice President Kamala Harris. "He says that he's going to keep Social Security, but you never know with him," Klein told BI of Trump. CRP research suggests that's due to fewer older adults working traditional jobs and instead pursuing entrepreneurship to supplement their retirement incomes. AdvertisementJR Reed and Krista Geer, both in charge of county-wide aging agencies, have met with older adults in Pennsylvania to hear their top worries. Critics say it isn't tied to a measure that accurately reflects the spending of older Americans.

Persons: Harris, Trump, —, Maureen, Donald Trump, he'll, she's, Heck, Federal Reserve —, Marjorie Klein, Kamala Harris, Klein, Bill Johnston, Walsh, Benjamin Glasner, haven't, Glasner, Mike Crossey, Crossey, Richard Fiesta, Fiesta, Kyle Kopko, Kopko, Bill Candelori, It's, Candelori, Josh Shapiro —, Democrat —, Jason Kavulich, it's, I've, JR Reed, Krista Geer, Geer, Reed, Brian Hughes, JD Vance, Kavulich Organizations: Pennsylvania, BI, Social Security, Service, Republicans, Biden, Trump, Federal Reserve, AARP, Cambria —, Economic Innovation Group, Security, Alliance, Retired, Center for, Democrat, Pennsylvania's, JR Locations: Pennsylvania, Philadelphia, AARP Pennsylvania, — Fayette, Cambria, Pittsburgh, Center for Rural Pennsylvania

Here are six takeaways from Harris’ CNN town hall:Yes, Harris thinks Trump is a fascistHarris was asked Wednesday night if she considers Trump a fascist. “My administration will not be a continuation of the Biden administration,” Harris said. “There was a lot that was done (during the Biden administration), but there’s more to do,” Harris said. The vice president touted her work cracking down on hate crimes and called for new laws to deter future attacks. On Wednesday night, the vice president reprised that appeal – both in what she said and how she said it.

Persons: Kamala Harris, Donald Trump, Republicans –, Trump, Hitler’s, Harris, “ He’s, ” Harris, ’, “, ”, Mark Milley, John Kelly, Liz Cheney, Dick Cheney, Donald Trump’s, Biden, ‘, ’ Harris, CNN’s Anderson Cooper, –, haven’t, Cooper, Harris hadn’t, Yahya Sinwar –, Hitler, Covid, Vladimir Putin, Harris ’, feverishly, “ Dick Cheney, “ doesn’t, what’s, jabbing, hasn’t, fracking, she’s, ” Cooper Organizations: CNN, Republican, Democratic, Republicans, Trump, Joint Chiefs of Staff, White House, Marine, —, Wyoming, Hamas, Democrats, Israel, Capitol, Trump GOP, GOP, wobbly Republicans Locations: Hitler’s Nazi, Pennsylvania, United States, Mexico, Israel, Gaza, America

☆ The stock market has officially enjoyed a bull rally for over two years. So now what?
▼ + stars: | 2024-10-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, the stock market has officially enjoyed a bull rally for over two years. The big storyBullish on the bull marketNoam Galai/Getty ImagesHappy belated birthday to the stock market's bull rally! Stock market experts who spoke with Business Insider's Matthew Fox don't see things slowing down anytime soon . In fact, the average bull market lasts longer than five years, so we might not even be halfway to the finish line. The actual stock market is healthier, too, as it's no longer reliant on the Magnificent Seven's performance.

Persons: —, Noam Galai, Insider's Matthew Fox, Chelsea Jia Feng, we've, Alex Brandon, Jamie Dimon, Ken Griffin, he's, Republican megadonor hasn't, BlackRock, Jett Lara, Augustus Doricko, Doricko, Roblox, Natalie Ammari, Inflation's, Z's, It's Elliott Hill's, Hill, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Nasdaq, Dow Jones, Stock, Insider's, JPMorgan, Republican, Citadel, Wall, Menlo Ventures, Nike, Columbus, District of Columbia Locations: Chelsea, Ukraine, El Segundo , California, a16z, New York, it's, Italian American, London

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