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Republicans will keep control of the House of Representatives, NBC News projected Wednesday. Going into the election, House Republicans aimed to expand their razor-thin majority of 220 seats, compared to the 212 held by Democrats. That threadbare GOP majority gave Democrats high hopes to flip the chamber. Despite the massive fundraising effort, Democrats failed to gain the 218 seats needed for control of the House. In Pennsylvania's 8th Congressional District, Republican Rob Bresnahan unseated incumbent Democratic Rep. Matt Cartwright, and in the state's 7th District, Republican Ryan Mackenzie defeated incumbent Democratic Rep. Susan Wild, two particularly competitive races.

Persons: Mike Johnson, Donald Trump, Kamala Harris, Amy Walter, Republican Rob Bresnahan, Matt Cartwright, Republican Ryan Mackenzie, Susan Wild, Tom Barret, Elissa Slotkin, Trump, Barack Obama's Organizations: Republican National Convention, Republicans, Representatives, NBC News, Republican, GOP, Senate, Democrats, NBC, Congressional District, Democratic, Michigan Senate Locations: Milwaukee , Wisconsin, state's, Michigan

☆ Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes
▼ + stars: | 2024-11-12 | by ( Rebecca Picciotto | Lora Kolodny | ) www.nbcnews.com time to read: +4 min

“Absolutely everyone is calling,” Collinson told CNBC. “Firms are prepared,” SUNY Buffalo finance professor Veljko Fotak, one of the authors of the 2021 study, told CNBC. “The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail. On Thursday, Steve Madden pledged to reduce its Chinese imports by 45% over the next year in anticipation of Trump’s tariff plans. There’s got to be some way to help companies like that,” Sorini of Sorini, Samet & Associates told CNBC.

Persons: Donald Trump, Nicole Bivens Collinson’s, Collinson, Sandler, Travis, Rosenberg, ” Collinson, Trump, ” David French, “, ” Ron Sorini, ” Sorini, Veljko Fotak, ” Tiffany Smith, Karoline Leavitt, ” Leavitt, Steve Madden, There’s, ” Organizations: CNBC, Wall Street, National Retail Federation, Samet, Associates, Republican Party, White, SUNY Buffalo, National Foreign Trade Council, Trump Locations: China, America

In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson's phone has barely stopped ringing. Collinson, who helps lead the international trade and government relations division at the lobbying firm Sandler, Travis & Rosenberg, said she is fielding "dozens and dozens and dozens" of calls from anxious U.S. companies looking to protect themselves from Trump's hardline tariff plans by finding loopholes and exemptions. "Absolutely everyone is calling," Collinson told CNBC. "Our members have been working on contingency plans since President Trump secured the nomination." "[Companies] question where they should go, and how do they get the components out [of China]?

Persons: Donald Trump, Nicole Bivens Collinson's, Collinson, Sandler, Travis, Rosenberg, Trump, David French, Ron Sorini, Sorini Organizations: CNBC, Wall Street, National Retail Federation, Samet, Associates Locations: China

☆ Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'
▼ + stars: | 2024-11-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump's tariff proposals could worsen long-term inflation if global trade partners were to strike back. One-time tariffs, Kashkari said on CBS' "Face the Nation," "shouldn't have an effect long run on inflation." "The challenge becomes, if there's a tit for tat and it's one country imposing tariffs and then responses and it's escalating. Trump and his backers like billionaire Tesla CEO Elon Musk have also been outspoken about their desire to give the president input on Fed policy decisions.

Persons: Neel Kashkari, The Beverly Hilton, Donald Trump's, Kashkari, Trump, We've, Tesla, Elon Musk Organizations: Federal Reserve Bank of Minneapolis, The Beverly, Minneapolis Federal, Sunday, CBS, U.S, Wall Street Locations: Beverly Hills , California, U.S, Minneapolis, China

☆ FEMA fires employee who told Florida relief workers to skip Trump supporters
▼ + stars: | 2024-11-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Federal Emergency Management Agency (FEMA) Administrator Deanne Criswell stands next to a track map of Hurricane Ian, during a press conference at FEMA Headquarters on September 28, 2022 in Washington, DC. The Federal Emergency Management Agency on Saturday confirmed that it fired an employee who had instructed relief workers in Florida to not go to homes with yard signs in support of then presidential candidate Donald Trump. "This is a clear violation of FEMA's core values and principles to help people regardless of their political affiliation," FEMA Administrator Deanne Criswell wrote in a statement. Ron DeSantis on Friday blasted the Biden administration for the incident and said he had ordered the Division of Emergency Management to investigate the "targeted discrimination of Floridians who support Donald Trump." At the time of the hurricane damage, Criswell slammed Trump for spreading misinformation about the status of FEMA's disaster relief funding

Persons: Deanne Criswell, Hurricane Ian, Donald Trump, Criswell, Ron DeSantis, Biden, Harris, DeSantis, Kamala Harris, Hurricane Milton Organizations: Emergency Management Agency, FEMA, FEMA Headquarters, Federal Emergency Management Agency, Trump, Florida's Republican Gov, Division, Emergency Management, Biden Locations: Hurricane, Washington ,, Florida, Coast

☆ '#EndtheFed': Elon Musk endorses plan to let presidents meddle with Federal Reserve after Trump election win
▼ + stars: | 2024-11-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tesla and SpaceX CEO Elon Musk, the billionaire backer of newly minted President-elect Donald Trump, endorsed the idea of allowing presidents to intervene on Federal Reserve policy. Though brief, Musk's comment reflects a broader pressure campaign on Fed independence that could take shape in the next Trump administration. On Thursday, Fed Chair Jerome Powell said he would not resign from his post if Trump asked him to do so. But during his first term in office, Trump was not shy about breaking from tradition and publicly disparaging Powell and his policy decisions. Over the course of the 2024 presidential campaign, Trump also often flirted with the idea of giving himself a say in Fed policy if he were to win the White House again.

Persons: Elon Musk, Donald Trump, Tesla, Sen, Mike Lee, Musk, Lee, Trump, Jerome Powell, Powell Organizations: Republican, SpaceX, Fed, White, Federal Reserve Locations: Butler , Pennsylvania, Utah, U.S, Lago, Florida

U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY). "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate and House," Republican House Speaker Mike Johnson said Wednesday in a statement. "The party that will hold the majority in the House of Representatives in January 2025 has yet to be determined. Democrats poured huge sums of money into House races, trying to flip the lower chamber. They far outspent their Republican rivals in many of the most competitive House races across the country.

Persons: Mike Johnson, Hakeem Jeffries, Donald Trump Organizations: House, Democratic, Republicans, Senate, Republican, NBC News, Congressional, Maine's, GOP Locations: D

Kamala Harris told supporters "we must accept the results of this election " after she conceded defeat Wednesday to President-elect Donald Trump . "Earlier today, I spoke with President-elect Trump and congratulated him on his victory," Harris said at the vice president's alma mater Howard University, in Washington, D.C. It was the first time that Harris had spoken on camera to the public since Trump declared victory early Wednesday morning. "We will continue to wage this fight in the voting booth, in the courts and in the public square," she said.

Persons: Kamala Harris, Donald Trump, Trump, Harris, alma Organizations: alma mater Howard University, Washington , D.C, Trump Locations: Washington ,

☆ Election Day 2024 Live Updates: Voters cast their ballots today as Trump and Harris keep low profiles
▼ + stars: | 2024-11-05 | by ( Dan Mangan Kevin Breuninger Rebecca Picciotto Ece Yildirim Annie Nova | Dan Mangan | Kevin Breuninger | ) www.cnbc.com time to read: 1 min

Election Day is here, and over the next few hours more than 70 million Americans are expected to cast ballots in person. Voting has already begun along the East Coast. Former President Donald Trump is spending his day at his Mar-a-Lago resort in Palm Beach, Florida. For more state-by-state poll hours and voting information, click here. CNBC reporters are covering Election Day and night live from the floor of the New York Stock Exchange, our headquarters in Englewood Cliffs, New Jersey and bureaus around the world.

Persons: Donald Trump, Kamala Harris, NBC's Organizations: East Coast, Howard University, CNBC, New York Stock Exchange Locations: East, Lago, Palm Beach , Florida, Washington ,, Kentucky, Indiana, Englewood Cliffs , New Jersey

☆ Election 2024 live updates: Harris and Trump make last appeals to battleground voters
▼ + stars: | 2024-11-04 | by ( Dan Mangan Kevin Breuninger Jake Piazza Annie Nova Rebecca Picciotto Ece Yildirim | Dan Mangan | Kevin Breuninger | ) www.cnbc.com time to read: 1 min

The closing day of the 2024 presidential campaign is underway, and CNBC is covering the final hours of the race live. Former President Donald Trump begins his day in Raleigh, North Carolina, before attending rallies in Reading, Pennsylvania and Pittsburgh, and finishing out the night in Grand Rapids, Michigan. Vice President Kamala Harris will also hold rallies in Reading and Pittsburgh, part of a four-stop barnstorm of Pennsylvania that will culminate in a massive rally and concert on the steps of the Philadelphia Art Museum. More than 75 million people have already voted in person early or by mail, according to NBC's early vote tracker. For more state by state poll hours and voting information, click here.

Persons: Donald Trump, Kamala Harris, NBC's Organizations: CNBC, Philadelphia Art Museum Locations: Raleigh , North Carolina, Reading , Pennsylvania, Pittsburgh, Grand Rapids , Michigan, Reading, Pennsylvania, Kentucky, Indiana

Former President Donald Trump's universal tariff proposals could cause prices to skyrocket on clothing, toys, furniture, household appliances, footwear and travel goods, according to a new report from the National Retail Federation. Trump has said he would impose a 10% or 20% tariff on all imports across the board. In both cases, the NRF found that the impact of Trump's tariffs would be "dramatic" double-digit percentage price spikes in nearly all six retail categories that the trade group examined. The report found that the greatest price spikes could occur for toys: between 36.3% and 55.8%. The report found that the more expensive retail goods would lead to a $46 billion decrease in purchasing power, if Trump imposes both universal tariffs and especially high China rates.

Persons: Donald Trump's, Trump, Mark Zandi Organizations: Abercrombie, Fitch, National Retail Federation, Republican, Bureau of Labor Statistics, CNBC Locations: Manhattan, New York City, China, Mexico, Raleigh , North Carolina

☆ Trump's closing campaign message is hampered by distractions, disconnect
▼ + stars: | 2024-11-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

Republican presidential nominee and former U.S. President Donald Trump attends his campaign rally at Macomb Community College in Warren, Michigan, U.S., November 1, 2024. Throughout the week, Trump's campaign aired thousands of ads focused on his policy platform: universal tariffs, deeper tax cuts and sweeping immigrant deportations. "This joke does not reflect the views of President Trump or the campaign," Trump campaign senior advisor Danielle Alvarez said last Sunday night. The Harris campaign has spun Trump's comment into a contrast to back its bipartisan case for the Democratic presidential nominee. Republican presidential nominee and former U.S. President Donald Trump attends a campaign rally, in Salem, Virginia, U.S. November 2, 2024.

Persons: Donald Trump, Brian Snyder, Donald Trump's, Kamala Harris, Tony Hinchcliffe's, Tony Hinchcliffe, Andrew Kelly, Bad Bunny, Matt Tuerk, I've, Trump, Danielle Alvarez, Harris, Tim Walz, Liz Cheney, Let's, Tucker Carlson, Brendan Mcdermid, Ian Sams, Trump's, Cheney Organizations: Macomb Community College, Reuters, Republican, New, Madison, NBC, MSG, Minnesota Gov, Wyoming, Desert Diamond, Arizona, Democratic, MSNBC, Fox &, Trump Locations: Warren , Michigan, U.S, Puerto Rico, New York, Puerto Rican, Allentown , Pennsylvania, Pennsylvania, New York City, Madison, Arizona, Glendale , Arizona, Virginia, Salem , Virginia

A flurry of remarkably good economic news over the past week could create a daunting mandate for whoever is elected the next U.S. president: Don't mess it up. The whole damn world," President Joe Biden said Tuesday during an event announcing new infrastructure grants at the Port of Baltimore. Vice President Kamala Harris and former President Donald Trump are both pitching themselves as the best steward of the future health of the U.S. economy. Trump has pledged universal tariffs on all imports from all countries, a sweeping immigrant deportation program, deepening corporate tax cuts and more. Economists and even some of Trump's own allies note that his proposed universal tariffs, mass deportations and tax cuts could, at least temporarily, send major shockwaves through the economy, triggering potential market crashes.

Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Trump, Trump's, Justin Wolfers, Barack Obama, Biden, Wolfers, you've Organizations: Macomb Community College, Democratic, U.S, Port, Trump, University of Michigan, Republican Locations: Warren , Michigan, U.S, Atlanta , Georgia, Port of Baltimore, America

☆ Harris defends CHIPS Act after House Speaker Johnson suggests GOP would try to repeal law
▼ + stars: | 2024-11-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

SHAWN THEW/Pool via REUTERSVice President Kamala Harris on Saturday criticized House Speaker Mike Johnson for suggesting that Republicans may try to repeal the CHIPS and Science Act if they win Congress, a remark he has since tried to walk back. "I also want to speak to the comments that have been recently made by the speaker of the House," Harris said in Milwaukee to a group of reporters. Now to get rid of the CHIPS Act," she added. Speaker Johnson, R-La., made the comment at a Friday campaign event in New York for House Rep. Brandon Williams, R-N.Y., a vulnerable GOP candidate in one of the most closely watched House races of this election cycle. The CHIPS Act passed Congress with bipartisan support in 2022.

Persons: Mike Johnson, Kamala Harris, Joe Biden's, SHAWN THEW, Harris, Donald, We've, Johnson, Brandon Williams Organizations: REUTERS, Affordable, House Rep, GOP Locations: Washington , DC, USA, Milwaukee, New York

☆ Elon Musk, Trump allies say his tariff plans could cause short-term pain for consumers
▼ + stars: | 2024-10-29 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tesla and SpaceX CEO Elon Musk speaks at a rally for former US President and Republican presidential candidate Donald Trump at Madison Square Garden in New York, October 27, 2024. Former President Donald Trump's top allies and surrogates, like Tesla CEO Elon Musk appear to accept that the Republican presidential nominee's policy plans could trigger a short-term economic thunderstorm. But they contend it will be worth the sunnier long-term outlook. "Correct: If I raise the tariff on just this particular idiosyncratic product, yes, right, it will be more expensive," Lutnick said in a Thursday interview on CNBC's "Squawk Box," responding to a question about whether universal tariffs would effectively become a short-term sales tax. Trump's running mate, Ohio Sen. JD Vance, has also nodded to the potential consumer pain of Trump's vision for across-the-board tariffs, though he hedged that it would be worth the possible benefits.

Persons: Tesla, Elon Musk, Donald Trump, Donald Trump's, Musk, Trump, Cantor Fitzgerald, Howard Lutnick, Vance, Lutnick, Trump's, Ohio Sen, JD Vance Organizations: SpaceX, Republican, Madison, Tesla, Trump, Press Locations: New York, U.S

☆ Harris will offer an alternative to Trump-era politics in closing argument speech
▼ + stars: | 2024-10-29 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Democratic presidential nominee U.S. Vice President Kamala Harris walks to board Air Force Two to depart for Michigan, at Joint Base Andrews, Maryland, U.S. October 28, 2024. Vice President Kamala Harris will make her closing argument to voters Tuesday evening at a Washington rally that is expected to draw as many as 20,000 supporters to the National Mall. Harris will draw contrasts between herself and Trump, and encourage voters to turn the page on the era of American politics that Trump ushered in. In turn, Harris has worked to paint herself as the non-incumbent candidate who represents a new generation of American leadership — though that is a delicate balance given her current role in the Biden administration. Most visibly, former Vice President Dick Cheney and his daughter, former Rep. Liz Cheney.

Persons: Kamala Harris, Harris, Donald Trump, Trump, Biden, Joe Biden, Taylor Swift, Dick Cheney, Liz Cheney Organizations: Democratic, U.S, Air Force, Joint Base Andrews, White, Republican, NBC News, National Park Service, Republicans Locations: Michigan, Joint Base Andrews , Maryland, U.S, Washington

☆ Over 46 million early voters already cast ballots as Harris, Trump enter final sprint
▼ + stars: | 2024-10-29 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

With one week until the Nov. 5 election, early voting is underway in all seven battleground states, along with dozens of others. While millions of Americans have stood in line to cast ballots in person, another 20 million have mailed in their ballots. The 46.5 million early votes are almost evenly split between ballots cast in person versus by mail, according to the University of Florida's Election Lab. Georgia also smashed its first-day early voting record with an estimated 310,000 ballots cast on Oct. 15. By Tuesday, just under 3 million ballots had been received.

Persons: Kamala Harris, Donald Trump Organizations: NBC News, University of Florida's Locations: Asheville , North Carolina, U.S, North Carolina, Georgia

☆ Harris hones in on manufacturing plan in Michigan as Trump leads on economy
▼ + stars: | 2024-10-28 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Vice President Kamala Harris is planning to put manufacturing at the center of her closing message against former President Donald Trump in the battleground state of Michigan on Monday. CNBC's October All-America Economic Survey found 46% of respondents nationally said Trump would be better for the economy in their community versus 38% who said the same of Harris. In battleground states specifically, the poll found that Trump maintained a comparable eight-point edge, also outside the margin of error of 4.0 percentage points. The Michigan tour is part of the Harris campaign's weeklong barnstorming of the battleground states. On Sunday, the Vice President was in Pennsylvania and she is scheduled to visit North Carolina, Wisconsin, Arizona and Nevada on Wednesday and Thursday.

Persons: Kamala Harris, Donald Trump, Harris, Trump Organizations: America Economic Survey Locations: Michigan, U.S, Pennsylvania, North Carolina , Wisconsin, Arizona, Nevada

☆ Mark Cuban says he has 'no interest' in a White House cabinet position as he campaigns for Harris
▼ + stars: | 2024-10-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Entrepreneur Mark Cuban speaks at a campaign event for US Vice President Democratic presidential nominee Kamala Harris at University Wisconsin-La Crosse in La Crosse, Wisconsin, on October 17, 2024. Billionaire investor Mark Cuban said Sunday that he is not eyeing a White House cabinet role even as he vigorously campaigns for Vice President Kamala Harris in the race against former President Donald Trump. I have no interest in serving in the cabinet for Kamala Harris or anybody," Cuban said in an interview on ABC's "This Week." As he stumps for Harris, Cuban has occasionally injected his own policy visions for a hypothetical Harris administration, especially on corporate regulation. "I think the bigger picture is she's hurting more than she's helping," Cuban told Semafor, speaking mainly of Khan's efforts to break up Big Tech companies.

Persons: Mark Cuban, Kamala Harris, Donald Trump, gunning, Harris, Gary Gensler, Cuban, Lina Khan, Semafor Organizations: US, Democratic, University Wisconsin, Billionaire, White, Securities, Exchange, SEC, Cuban, Federal Trade, Big Tech Locations: La, La Crosse , Wisconsin

☆ Biden says Elon Musk was an 'illegal worker' when he began U.S. career
▼ + stars: | 2024-10-26 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

President Joe Biden called out Tesla and SpaceX CEO Elon Musk, now a Republican megadonor and Trump campaign surrogate, for hypocrisy on immigration on Saturday, saying Musk launched his long career in the U.S. as an "illegal worker" before becoming the world's wealthiest man. The president made these remarks at a campaign event to support Democrats that took place in Pittsburgh, Pennsylvania, on Saturday. Labeling Musk as former President Donald Trump's wealthy new "ally," Biden said, "That wealthiest man in the world turned out to be an illegal worker here when he was here," referring to Musk. The Trump campaign did not immediately respond to CNBC's request for comment on Biden's remarks. Musk had arrived in the U.S. with the stated intention of attending grad school at Stanford in the mid-90s.

Persons: Joe Biden, Elon Musk, Musk, Donald Trump's, Biden, He's, Trump, Zip2, Tesla, Kamala Harris, it's, Brennan, —, Rebecca Picciotto Organizations: SpaceX, Republican, Trump, America PAC, Peterson Institute for International Economics, Washington Post, Stanford, Forbes, Twitter, Democratic, Brennan Center for Justice Locations: U.S, Pittsburgh , Pennsylvania, United States, Pennsylvania, Musk's

☆ Trump doubles down on replacing income taxes with tariffs in Joe Rogan interview
▼ + stars: | 2024-10-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Former President Donald Trump stood by his idea to end income taxes and substitute them with tariffs in a Friday interview with Joe Rogan, the host of one of the most widely listened to podcasts in the world. "Did you just float out the idea of getting rid of income taxes and replacing it with tariffs?" He has also said he would consider income tax exemptions for firefighters, police officers, military personnel and veterans. But tax experts and economic analysts do not think Trump's tariffs would be an adequate counterweight to balance the trillions lost from eliminating income taxes. In effect, these tariffs could replace income tax with a kind of new sales tax, shifting the tax burden more heavily onto low-income individuals.

Persons: Donald Trump, Joe Rogan, Rogan, Trump, Garrett Watson, Watson, Kamala Harris, MSNBC's Stephanie Ruhle Organizations: Austin, Bergstrom International Airport, Social Security, Tax Foundation, CNBC, U.S, Democratic Locations: Austin , Texas

☆ 'Higher prices, larger deficits': 23 Nobel Prize-winning economists slam Trump agenda, endorse Harris
▼ + stars: | 2024-10-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Twenty-three Nobel Prize-winning economists endorsed Vice President Kamala Harris over former President Donald Trump in a joint letter released Wednesday. The nearly two dozen economists said Trump's economic agenda, which includes hardline tariff proposals and a slate of aggressive tax cuts, would "lead to higher prices, larger deficits, and greater inequality." Joseph Stiglitz, who won the Nobel Prize for his market economics research in 2001, spearheaded the joint endorsement among his fellow laureates. Stiglitz led a similar effort to endorse President Joe Biden in June, publishing a letter signed by 16 Nobel laureates. That came just two days before the fateful presidential debate that ultimately derailed the president's reelection bid.

Persons: Kamala Harris, Donald Trump, Joseph Stiglitz, Stiglitz, Joe Biden Organizations: CNN

☆ Trump tax plans could exempt 93 million Americans from income taxes
▼ + stars: | 2024-10-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks. So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. This total excludes the many more people who would be exempt from part of their income taxes if Trump executed his proposed elimination of taxes on overtime pay. It didn't have an income tax," Trump said at a sit-down with voters in New York on Friday for "Fox & Friends." The Harris campaign did not immediately respond to CNBC's request for comment about Trump's proposed tax plans.

Persons: Donald Trump, Donald Trump's, Trump, Harris, Trump's, Kamala Harris Organizations: U.S, Republican, Security, Social Security, Social Security Administration, Yale University's, U.S . Department of Veterans Affairs, Department of Defense, Fox &, Representatives Locations: Lancaster , Pennsylvania, U.S, New York

The Perplexity AI logo is seen in this photo taken Jan. 4, 2024. Perplexity AI, an artificial intelligence search engine startup hoping to chip away at Google's dominance, is seeking to more than double its valuation to about $9 billion in its next funding round, CNBC has confirmed. The Wall Street Journal was first to report on the new funding round. Perplexity started the year with a roughly $500 million valuation. Since then, the company has continued to attract investor interest alongside the bigger boom in generative AI, raising three funding rounds this year.

Persons: Perplexity, OpenAI, ChatGPT Organizations: CNBC, New York Times

☆ Trump doubles down on tariff plan that voters hate
▼ + stars: | 2024-10-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Republican presidential nominee and former U.S. President Donald Trump speaks as he visits a campaign office in Hamtramck, Michigan, U.S. October 18, 2024. Despite the unpopularity of universal tariffs among voters, Trump has dug in on the hardline proposal. Trump has floated imposing a 20% tariff on all goods from all countries, with a specifically high 60% rate on Chinese imports. The Trump tariffs have also faced heat from within the GOP. "I'm not a fan of tariffs," Republican Senate Minority Leader Mitch McConnell said in late September.

Persons: Donald Trump, Donald Trump's, Trump, John Micklethwait, they'll, Mitch McConnell Organizations: NBC News, Bloomberg, Economic, of Chicago, Republican, Trump, GOP Locations: Hamtramck , Michigan, U.S, United States

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