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☆ Xi says he will work with Trump team as he meets Biden in Peru
▼ + stars: | 2024-11-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

Chinese President Xi Jinping on Saturday vowed to work with the incoming U.S. administration of President-elect Donald Trump as he held his final talks with outgoing President Joe Biden on key conflicts from cyber crime to trade, Taiwan and Russia. Biden met Xi for about two hours at a hotel where the Chinese leader was staying, on the sidelines of the Asia-Pacific Economic Cooperation forum in Lima, Peru, for their first talks in seven months. Taiwan President Lai Ching-te is planning to stop in the U.S. state of Hawaii and maybe Guam on a sensitive visit that is sure to anger Beijing in the coming weeks, Reuters reported on Friday. Meanwhile, Taiwan’s former economy minister Lin Hsin-i met Biden at the summit on Friday and invited him to visit Taiwan in the near future. “When Xi meets with Biden part of his audience is not — it’s not solely the White House or the U.S. government.

Persons: Xi Jinping, Donald Trump, Joe Biden, Biden, Xi, “, ” Biden, haven’t, Trump, Marco Rubio, Mike Waltz, Lai Ching, Lin Hsin, ” Xi, Jake Sullivan, ” Shen Dingli, ”, Shen, Ryan Berg Organizations: Economic Cooperation, Republican, Reuters, Embassy, Wednesday, Biden, Pacific Rim, APEC, U.S, Americas, Center for Strategic, International Studies, . Locations: Taiwan, Russia, Asia, Lima , Peru, China, Beijing, U.S, Washington, U.S ., Hawaii, Guam, North Korea, Ukraine, Russian, ”, United States, Shanghai, Lima, America, Peru

☆ Wall Street is bullish on one portfolio retail stock while raising concerns about another
▼ + stars: | 2024-11-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The news on Home Depot Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to a buy-equivalent outperform on Friday. The news on Best Buy Citi lowered its Best Buy price target to $109 per share from $115 on Friday while maintaining its buy-rating on the stock. BBY YTD mountain Best Buy stock performance year-to-date. Bottom line Despite Citi's concerns, we're sticking with Best Buy. Best Buy should be well-positioned to benefit from falling interest rates if home sales pick up again.

Persons: —, Telsey, Jim Cramer, Jim, they're, Donald Trump's, Jim Cramer's, Ting Shen Organizations: Advisory, Depot, Federal, Home Depot, Home, Citi, Trump, CNBC, Home Depot Inc, Bloomberg, Getty Locations: China, Washington , DC

Several people, including children and college students, have reported receiving racist text messages from unrecognized phone numbers in recent days. CNN has reached out to state officials for additional information on the text messages. “My initial reaction was probably like disbelief, like I thought it was like a joke,” said Jones, who forwarded the text message to her loved ones. “I feel like it’s a spam message (and) I do feel disappointed about the message they’re sending a day after the election,” Burwell said. Officials in Washington, DC, and Virginia told CNN Thursday they are looking into the racist text messages.

Persons: Talaya Jones, ”, “, Jones, ” Jones, Sam Burwell, ” Burwell Organizations: CNN, FBI, Justice Department, ”, Montgomery County Public Schools, WVEC, Federal Communications Commission Locations: Maryland , New Jersey , Alabama, Michigan, South Carolina, Montgomery County , Maryland, Montgomery, Piscataway , New Jersey, Virginia, Washington ,

☆ Economic upheaval and political opportunity – what Trump’s return could mean for China
▼ + stars: | 2024-11-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

Persons: Donald Trump, “, ”, Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine

Kamala Harris supporters embrace as they watch poll results at the Harris-Walz watch party at Howard University in Washington, DC, on Tuesday. Brandon Bell/Getty ImagesHarris campaign aides and allies are in a state of shock and disbelief the morning after Election Day, reeling from their candidate’s loss to Donald Trump. “Stomach in knots,” one source close to the campaign said. In the lead-up to election night, Harris campaign officials had projected confidence about the vice president’s standing, citing conversations with teams on the ground and internal data. “It was gloomy,” another source close to the campaign said, describing the mood among Harris campaign officials overnight.

Persons: Kamala Harris, Walz, Brandon Bell, Harris, Donald Trump, “, –, ”, Biden, Harris ’ Organizations: Harris, Howard University, Trump, New Jersey, Naval Observatory Locations: Washington ,, New Jersey, New, “ Pennsylvania

Former President Donald Trump has gained 266 electoral votes — just four away from the 270 he needs to be elected 47th President of the United States. Republicans will control the Senate: Republicans will win the US Senate majority, CNN projects, shifting the balance of power in Washington. The Republican march to control started early on election night when West Virginia Gov. Battleground projections: Early on Tuesday evening, Trump swept reliable red states and Vice President Kamala Harris picked up blue strongholds. Harris will speak later today: The campaign’s co-chair Cedric Richmond told supporters the vice president wasn’t going to speak Tuesday evening, but is expected to speak today.

Persons: Donald Trump, ” Trump, ”, Jim Justice, Sen, Joe Manchin, Democratic Sen, Sherrod Brown, Bernie Moreno, Trump, Kamala Harris, Harris, Cedric Richmond, wasn’t, Richmond Organizations: ” CNN, Senate, Republicans, CNN, Republican, West Virginia Gov, Democrat, Democratic, Trump, Howard Locations: United States, Florida, America, Washington, In Ohio, North Carolina, Georgia, Pennsylvania

Vice President Kamala Harris and former President Donald Trump are making their closing arguments to voters in battleground states during the final two days before Election Day. Trump was in Pennsylvania earlier today, is rallying in North Carolina this afternoon, and will stop in Georgia this evening. Harris is focusing her day in Michigan, with a series of stops in the Detroit area before a rally in East Lansing. Harris:• The vice president made her first stop in Detroit where she addressed the congregation at Greater Emmanuel Institutional Church of God in Christ. • Later, Harris confirmed to reporters that she has cast her mail-in ballot in the 2024 election, sending it to California, where she is registered.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Here’s what’s, shouldn’t, •, ” • Trump, Robert F, Kennedy Jr, ” Trump, Kennedy, ” Harris, • Harris Organizations: Trump, Des Moines Register, NBC News, Greater Emmanuel Institutional Church of God, Arab, voters, Biden Locations: Pennsylvania, North Carolina, Georgia, Michigan, Detroit, East Lansing, Lititz , Pennsylvania, Iowa, California, Gaza, Pontiac

“If you actually look at John Kelly, and folks like Liz Cheney, the fundamental disagreement they have with Donald Trump is even though they say that they’re conservative, they’re conservative in the sense that they want America to get involved in a ton of ridiculous military conflicts,” Vance said. “All these people, Jake, they came into office thinking that they could control Donald Trump, that when he said he wanted peace in the world,” Vance said. “Mike Pence thought he could control Donald Trump? And when he found out that he couldn’t, they all turned on Donald Trump,” Vance said. Read more about Vance’s defense of Trump amid a growing tide of GOP critics here.

Persons: CNN’s Jake Tapper, Ohio Sen, JD Vance, Harris, Vance, Donald Trump, John Kelly, ” Vance, ”, Kelly, Trump, ” Tapper, Liz Cheney, Jake, “ Mike Pence, “, Read Organizations: Ohio, Trump, New York Times, Union, Republicans Locations: “ State, America

Vice President Kamala Harris and former President Donald Trump. Town hall test: The CNN town hall in Delaware County outside Philadelphia comes at a critical point in the presidential race with 13 days until Election Day, more than 20 million votes already cast and Harris locked in an exceedingly close race with her Republican rival. The event falls on the same night as a proposed CNN debate between the two candidates that Harris accepted but Trump turned down. Sounding the alarm: The vice president is not alone in sounding the alarm about the potential danger of a second Trump presidency. Harris participated in a pair of television interviews Tuesday, a day after holding separate campaign events in each of the Blue Wall states.

Persons: Kamala Harris, Donald Trump, Harris, Trump, John Kelly, Kelly, ”, Adolf Hitler’s, Tim Walz, “ Organizations: Getty, CNN, Republican, GOP, Trump, Homeland Security, New York Times, Marine, Democratic Locations: Georgia, Zebulon, Duluth, Delaware County, Philadelphia, Atlantic, Nazi, Wisconsin, Florida, Doral

☆ IMF warns on China's property market worsening as it cuts country's growth outlook
▼ + stars: | 2024-10-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy. In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection. In 2025, growth is expected to come in at 4.5%, according to the IMF. The Washington, D.C.-based organization also highlighted that China's property sector contracting by more than expected is one of many downside risks for the global economic outlook. Subsidies in certain sectors, if targeted to boost exports, could exacerbate trade tensions with China's trading partners," the agency said.

Persons: Qilai Shen, Gourinchas Organizations: Bloomberg, Getty, Monetary Fund, IMF, The, D.C, U.S, Reuters Locations: Nanjing, Shanghai, China, The Washington, Japan

“The media can pick it apart,” Johnson said, “but people are going to vote. “What he’s talking about is marauding gangs,” Johnson said. But when Tapper pushed back, noting that Trump has described Democrats such as Rep. Adam Schiff as the “enemy from within,” Johnson said Trump was not talking about using the military on political opponents. “I did not hear President Trump in that clip say he’s going to sic the military on Adam Schiff. That’s not what he’s saying,” Johnson said.

Persons: Mike Johnson, Donald Trump, CNN’s Jake Tapper, Arnold Palmer, Tapper, Johnson, ” Johnson, Trump, They’re, ”, Adam Schiff, “, That’s Organizations: ”, Union Locations: Pennsylvania, “ State, Trump, ”

Even as swing-seat Republicans attempt to paint a more nuanced view of the GOP’s stance on abortion, the national party has often muddled that message. “You can’t hide from it,” said Rep. Kelly Armstrong, a Republican from North Dakota, reflecting on the lessons Republicans learned in the 2022 midterms. Hudson accused Democrats of “creating a false and distorted impression” of the GOP’s abortion position in the 2022 midterms and attacked Democrats for espousing their own “extreme” views on the issue. Since then, Chamberlain has used her own polling to help convince key swing-seat House Republicans to shift their approach. “This is a desperation move by Republicans,” said House Democrats’ campaign chief, Rep. Suzan DelBene of Washington state.

Persons: Manu Raju, ”, John Duarte, Tom Kean Jr, Matt Gunderson, Bill, ” Gunderson, Mike Levin, Melania Trump, —, Donald Trump’s, Sen, J.D, Vance of, it’s, Zach Nunn, Kelly Armstrong, “ He’s, ” Levin, Gunderson, “, Mike Johnson, he’d, Roe, Richard Hudson of, they’ve, Hudson, ” Hudson, Sarah Chamberlain, Chamberlain, ” Chamberlain, Joe Kent, Kent, Marie Gluesenkamp Perez —, Nunn, Lanon Baccam, PAC —, Levin, Suzan, Marc Molinaro, Molinaro, ” Molinaro, hasn’t, Dobbs, Duarte, ” Duarte, Trump, Juan Ciscomani, Ciscomani Organizations: House Republican, Washington CNN — Republicans, GOP, Democratic, House Democrats, Republican, Republicans, CNN, Republican Mainstreet, — Democratic, PAC —, PAC, Democrats, New York Republican, California Republican Locations: Tucson, Des Moines, Syracuse, Central Valley, New Jersey, San Diego, Mexico, Vance of Ohio, Iowa, North Dakota, New York, California, Richard Hudson of North Carolina, North Carolina, Virginia, Washington, Florida, Arizona

☆ China's property stimulus raises optimism — but more steps are needed for a sectoral turnaround
▼ + stars: | 2024-10-09 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China's property stimulus measures delivered a modest boost to the market, but they are not enough to turn around the troubled sector, according to analysts. Home sales ticked up in some cities during China's week-long holiday, as stimulus measures boosted homebuyers' sentiment, a report by research group China Index Academy showed. Average daily sales in Beijing jumped 81%, in terms of floor area, compared to the same holiday period the year before. Last year's Golden Week holiday was between Sept. 29 and Oct. 6. The average daily sales figure stood at 107,000 square meters this year, the report showed, against 177,000 square meters in 2021, 158,000 square meters in 2022, and 145,000 square meters in 2023.

Persons: William Wu, Shen Meng Organizations: China Index Academy, Beijing, Daiwa, Chanson, CNBC, CIA Locations: Shanghai, Beijing, China, Guangzhou, Shenzhen

The campaign push beginning Friday will take the first lady out west to Arizona and Nevada and through the “blue wall” states of Wisconsin, Michigan and Pennsylvania. The Harris team is deploying the first lady to smaller, targeted markets to court undecided voters and to city suburbs as they look to mobilize women voters with less than a month until the election, the source said. Her deployments on behalf of Harris are similar to how she was utilized during her husband’s campaign and for Democrats in the 2022 midterms. Harris’ campaign believes there is a fair amount of undecided voters in areas like Yuma, Carson City and Reno that the first lady can try to reach. Read more about the first lady’s campaign swing.

Persons: Jill Biden, Kamala Harris, Harris, Joe Biden’s, Beau Biden, Harris ’, She’s, Read Organizations: CNN, Democratic National Convention, Democrats Locations: Arizona, Nevada, Wisconsin , Michigan, Pennsylvania, Yuma, Carson City, Reno

Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher. Spokespeople for General Mills, Coca-Cola and PepsiCo did not immediately respond to requests for comment. President Joe Biden has mentioned shrinkflation numerous times, declaring it a “rip-off” in a video he posted to X. Sarah Gallo, senior vice president of federal affairs at Consumer Brands Association, a trade group that Coca-Cola, PepsiCo and General Mills all belong to, defended industry practices to NBC News. Dean said the letters were sent to “ease the wrongful burden” the companies are imposing on consumers.

Persons: Sen, Elizabeth Warren of, Madeleine Dean of, Mills, General Mills, Jeff Harmening, James Quincey, “, Ramon Laguarta, Spokespeople, Warren, Dean, ” Warren, ” Sen, Elizabeth Warren, Ting Shen, Joe Biden, Nailya Ordabayeva, ”, ” Ordabayeva, shrinkflation, Doritos, Sarah Gallo, ’ ” Dean Organizations: Democratic, Elizabeth Warren of Massachusetts, Cola, PepsiCo, NBC, North, Retail, CNBC, Gatorade, Republican, Taxation, Economic, “, NBC News, Bloomberg, Boston University Questrom School of Business, Consumer Brands Association, General, Federal Reserve Bank of San Locations: shrinkflation, Washington, Federal Reserve Bank of San Francisco

☆ China stocks poised to reopen Tuesday with markets fixated on fiscal stimulus
▼ + stars: | 2024-10-07 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

Qilai Shen | Bloomberg | Getty ImagesChinese investors are looking for more policy direction from China's top economic planning body on Tuesday, when mainland markets return from a week-long holiday. Before the week-long holiday, authorities unveiled a flurry of stimulus policies, including interest rate cuts, lower cash reserve requirements at banks, looser property purchase rules and liquidity support for stock markets. Chinese major indexes have surged over 25% as investors cheer on the barrage of stimulus measures. Last week, China's CSI 300 blue-chip index extended a nine-day winning streak, surging over 8% Monday, before the market closed for a week-long holiday. Now the government needs to add fiscal stimulus to maintain the rally's momentum, said Shaun Rein, founder and managing director of China Market Research Group.

Persons: Qilai Shen, Zheng Shanjie, Erica Tay, Tuesday's presser, Shaun Rein, Rein, Adek Berry, Lynn Song, Song, Gary Ng Organizations: Shoppers, Bloomberg, Getty Images, National Development, Reform, State Council, CSI, SGX FTSE, Maybank Investment Banking Group, Ministry, Finance, China Market Research, AFP, Getty, ING Locations: Nanjing, Shanghai, China, Beijing, Hong Kong, SGX FTSE China, Tuesday's, Xicheng, Greater China, Shenzhen

Former President Donald Trump has delivered a barrage of lies and distortions about the federal response to Hurricane Helene. While various misinformation about the response has spread widely without Trump’s involvement, the Republican presidential nominee has been one of the country’s leading deceivers on the subject. The chief targets of his hurricane-related dishonesty have been Vice President Kamala Harris, his opponent in the November presidential election, and President Joe Biden. Kemp told reporters that he had successfully called Biden right back. Kemp added: “He just said, ‘Hey, what do you need?’ And I told him, you know, ‘We got what we need.

Persons: Donald Trump, Hurricane Helene, Trump, Kamala Harris, Joe Biden, Biden hasn’t, Brian Kemp, “ He’s, hasn’t, Kemp, reportersearlier, Biden, ‘, we’ve, ” Read Organizations: Republican, Georgia Gov, Biden Locations: Georgia, Atlanta

☆ Hong Kong plans to install thousands of surveillance cameras. Critics say it’s more proof the city is moving closer to China
▼ + stars: | 2024-10-05 | by ( Jessie Yeung | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Glance up while strolling through parts of downtown Hong Kong and, chances are, you’ll notice the glassy black lens of a surveillance camera trained on the city’s crowded streets. Hong Kong police had previously set a target of installing 2,000 new surveillance cameras this year, and potentially more than that each subsequent year. Facial recognition gates at the departure hall of Hong Kong International Airport. Tang and the Hong Kong police have repeatedly pointed to other jurisdictions, including Western democracies, that also make wide use of surveillance cameras for law enforcement. Protesters on the streets covered their faces with masks and goggles to prevent identification, at times smashing or covering security cameras.

Persons: Chris Tang, Budrul Chukrut, Tang, haven’t, Kong’s, ”, Samantha Hoffman, Hoffman, Joshua Wong –, –, “, Miguel Candela, Qilai Shen, ” Hoffman, Sing, Sing Tao, Steve Tsang, it’s, doesn’t, Normann Witzleb, Chan Long Hei, Witzleb, they’re, ” Witzleb Organizations: Hong Kong CNN —, Hong Kong, Hong Kong International Airport, Budrul, CNN, Hong Kong Police Force, National Bureau of Asian Research, New, London, Protesters, New Town, QR, New York Times, Bloomberg, Getty, SOAS China Institute, University of London, Chinese University of Hong Locations: Hong Kong, China, Hong, Singapore, United Kingdom, Tao, United States, Hong Kong Hong Kong, New York City, Beijing, Xinjiang, Bund, Shanghai, Sing Tao, Chinese University of Hong Kong, Victoria Harbour

☆ CNBC Daily Open: Headwinds from Middle East, tailwinds from China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Qilai Shen | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Chanel SA, Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ CNBC Daily Open: Buffeted by Middle East, propelled by China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

CNN —Election officials in Georgia, North Carolina and Florida are working quickly to ensure voters can still securely cast early ballots, despite the devastating storm impacts of Hurricane Helene that have in some cases left them without power, water and cell service. He also plans to request extending early voting until Election Day, since typically in Florida early voting goes until the Sunday before. In North Carolina, Bell is considering working with state emergency management and the North Carolina National Guard to set up temporary polling places if needed. “All of those ballots have tracking… North Carolina uses it to the fullest,” Mann said. Bell added that the state’s tracking system, BallotTrax, can help North Carolina voters determine where their ballot may be and whether it was lost in transit.

Persons: Hurricane Helene, Travis Doss, Jr, Doss, ”, Karen Brinson Bell, “, ” Travis Hart, Bell, We’ve, ” Bell, Hart, Florida’s, Ian, Hurricane Michael, Hurricane Dorian, “ We’ll, Brad Raffensperger, Raffensperger, Chris Mann, ” Mann, Mann, Paul Cox Organizations: CNN, Richmond County, North Carolina State Board, US Postal Service, “, Hurricane, North Carolina National Guard, National Guard, Georgia’s, Election Innovation, Research Locations: Georgia , North Carolina, Florida, Hurricane, Augusta, Richmond, Georgia, North Carolina, Hyde County, “, North, Carolina

☆ Huawei's new trifold smartphone is being released tomorrow, and it's already creating a frenzy on resale sites
▼ + stars: | 2024-09-19 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Huawei's new smartphone is being listed on resale sites for three times its retail price. The Mate XT will feature a tri-fold design and have generative AI features. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Huawei's new trifold smartphone, the Mate XT, is set to hit stores on Friday.

Persons: —, it's, Lin Shen Organizations: Service, Huawei, South China Morning, Business

Haiti clearly holds a place in the heart of Ohio’s Republican Gov. He’s been to the country at least 25 times with his wife, he said at a news conference Monday in Springfield. He respects the Haitians who have come to the US legally and found work in Springfield. Further, DeWine said the Haitians found Springfield because business owners there were having trouble finding workers after the Covid-19 pandemic. Like DeWine, Springfield Mayor Rob Rue has also tried very hard to correct the record on the role Haitians are playing in Springfield.

Persons: Mike DeWine, He’s, “, ”, DeWine, ” DeWine, Donald Trump, Ohio Sen, JD Vance, Vance, Springfield Mayor Rob Rue, ” Rue Organizations: Republican Gov, PBS, Republican, Ohio, Springfield Mayor Locations: Haiti, Springfield, Ohio, DeWine, Springfield , Ohio

The Marriner S. Eccles Federal Reserve building in Washington, DC, on June 25. Ting Shen/Bloomberg/Getty ImagesAfter all the hype that’s been brewing for over a year, you might think that once the Federal Reserve finally cuts interest rates the economy will look and feel completely different. Sure, the stock market could have some big swings the second the Fed releases its interest rate decision at 2 pm ET on Wednesday and when Fed Chair Jerome Powell speaks a half hour later. Mortgage rates and the interest rates Americans pay on a variety of loans will quickly drop as well. That’s because when the Fed lowers or raises rates, it takes a while for the full effect of those moves to be felt across the economy.

Persons: Ting Shen, there’s, Jerome Powell, Milton Friedman, Read Organizations: Eccles Federal Reserve, Bloomberg, Federal Reserve, Fed Locations: Washington ,

☆ Johnson under pressure after House fails to pass GOP funding plan and Trump pushes shutdown
▼ + stars: | 2024-09-18 | by ( Clare Foran | ) edition.cnn.com time to read: +6 min

Washington CNN —The House failed on Wednesday to pass a six-month GOP government funding plan that included a controversial measure targeting noncitizen voting, an effort pushed by Republican presidential nominee Donald Trump. The House vote was 202 to 220, with 14 Republicans voting against it, two Republicans voting present and three Democrats voting for it. Johnson would not reveal on Wednesday ahead of the planned vote what he would do if the GOP government funding plan fails and said he has spoken to Trump “a lot” about government funding after the former president floated a government shutdown. Trump had previously said that if Republicans don’t receive “absolute assurances” about election security, they should not pass a funding extension. The six-month funding plan from House Republicans would have extended government funding until March 2025.

Persons: Donald Trump, Mike Johnson, Trump, Republicans don’t, ” Trump, Johnson, CNN’s Manu Raju, ” Johnson, “, you’re, ”, “ We’re, there’s, Mike Lawler, Raju, There’s, John Thune, Chuck Schumer, Schumer, ” Schumer, Steve Scalise, – Trump, Kamala Harris –, Joe Biden, …, ” Scalise, Ted Barrett, Danya Gainor, Annie Grayer, Michelle Shen Organizations: Washington CNN, Republican, Democrat, Republicans, SAVE, Truth, GOP, Trump, “, noncitizens, ”, Service, Democratic Locations: New York, Trump’s Florida

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