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Oil prices ended down 7% last week and are lower this year-to-date, despite Middle East tensions. Oil prices have been depressed this year because China — the world's largest oil importer — is in a prolonged economic downturn. Last year, they each accounted for 11% of the world's oil supply. This means that Saudi Arabia is looking to corner a larger market share instead of targeting higher profit margins by restricting output. Advertisement"But the problem is when oil prices spike, it sends oil companies searching for temporarily profitable oil," he added, referring to the US shale boom as the most recent example.
Persons: , Abishur Prakash, Prakash, Anton Siluanov, Matthew Huber, we're, Huber Organizations: Service, , Financial Times, International Energy Agency, Brent, US West Texas, Syracuse University, Saudi, Trump, OPEC Locations: Saudi Arabia, Russia, China, Toronto, Israel, Iran, Europe, OPEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA possible Trump win would not 'reset' markets like in 2016: MS StrategistJitania Kandhari from Morgan Stanley Investment Management talks about the impact of a possible Trump presidency in November, and how that will affect rate markets.
Persons: Jitania Kandhari Organizations: Trump, Morgan Stanley Investment Management
Mark Cuban on CNBC said the presidential campaign is now a fight between Kamala Harris and Elon Musk. Cuban said the outcome of the election hinges on voter turnout, which Musk has made a priority. AdvertisementBillionaire businessman Mark Cuban on Monday said the presidential campaign has become a battle between Vice President Kamala Harris and Tesla CEO Elon Musk rather than Donald Trump. "And the crazy thing is, it's the Harris campaign versus Elon — not even versus Trump." AdvertisementThe Harris campaign and representatives for Musk did not immediately respond to requests for comment from Business Insider.
Persons: Mark Cuban, Kamala Harris, Elon Musk, Musk, , Donald Trump, Harris, Elon —, Elon, Brian Hughes, David Sacks, Trump, Matthew Alvarez, Tucker, Musk hasn't Organizations: CNBC, Service, Trump, Elon, Musk's America PAC, Business, Cuban, Rutan Locations: Cuban
Dollar steady at August high on U.S. rates view, election
  + stars: | 2024-10-22 | by ( ) www.cnbc.com   time to read: +3 min
The U.S. dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge. The U.S. dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge. Four Federal Reserve policymakers expressed support on Monday for further rate cuts, but appeared to differ on how fast or far they believe any cuts should go. With the U.S. election just two weeks away, the rising odds of former President Donald Trump winning the Nov. 5 election are boosting the dollar, since his proposed tariff and tax policies are seen as likely to keep U.S. interest rates high. The yen on Tuesday was at 150.57 per dollar, hovering close to the two-and-half-month low of 150.88.
Persons: Goldman Sachs, Donald Trump, Harris, Komeito Organizations: U.S, Reserve, Fed ., Federal, Traders, Fed, Trump, PineBridge Investments, Liberal Democratic Party Locations: U.S, Treasuries
Elon Musk’s daily $1 million lottery for registered swing state voters who sign his super PAC’s petition falls into a legal gray area and could potentially violate election law, three experts told NBC News. Paying someone to vote or to register to vote is explicitly illegal under federal law. “This is at best very questionable legally,” said Michael Morse, an assistant professor of law at the University of Pennsylvania Carey Law School. But none of the experts who spoke with NBC News believed law enforcement is likely to stop the lottery or fine Musk before the election. “You can only register to vote in Pennsylvania until today.
Persons: , , John Fortier, Elon Musk, Michael Swensen, Michael Morse, ” “ I’ve, Nate Persily, it’s, Musk, Rick Hasen, Hasen, Justice Department’s, it’s “, Josh Shapiro, Morse, Trump, Kristine Fishell, Penn Organizations: Elon, NBC News, Musk’s America PAC, America PAC, American Enterprise Institute, NBC, University of Pennsylvania Carey Law School, , Stanford Law School, Musk’s PAC, UCLA School of, Democracy, Justice, , ” Pennsylvania Gov, Press Sunday, Department, Justice Department, Pennsylvania, Federal, Trump, Republican, New York Times Locations: Pittsburgh, ” Pennsylvania, Pennsylvania, Michigan
No matter the poll, voters consistently say that the cost of living is their top concern, usually followed by threats to democracy, immigration and the economy in general. Female voters are backing Harris by 14 points, while Trump is winning men by 16 points, according to the latest NBC News poll. The October NBC News poll showed Harris leading Trump by 5 points, 45% to 40%, on who better represents change. Yet he isn’t all that impressed with Obama, the nation’s first Black president, nor Harris, who would be the second. “He’s only gaining support with Black men.”Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young Black men.
Persons: Mark Murray, Peter Nicholas, Kamala Harris, Donald Trump, Harris, Trump, they’ve, Joe Biden’s, Biden, that’s, Obama, Young, Peter Nicholas TUCSON, Charles Johnson, Johnson, Barack Obama, ” Johnson, “ He’s, Black, he’ll, podcasters, , , Joel Benenson, pollster, ‘ You’ve, , Read, Peter → That’s Organizations: NBC, White House, Capitol, NBC News, Trump, Associated Press, Democratic, University of Arizona, Black, Obama Locations: Ariz, Tucson, Las Vegas
Planning the local stops now can be as labor-intensive for campaign staff as putting on a full event, the sources said. The limitations on local stops is the new reality as both candidates race across battleground states in what polling has shown to be a contest that hangs within the margin of error. “In order to maintain operational security, the U.S. Secret Service does not discuss the specific means and methods used to conduct its protective operations. However, in this increased threat environment, the Secret Service is constantly adjusting our protective posture to ensure the highest levels of protection at all times and in all places,” U.S. Secret Service spokesperson Special Agent Matt Young said in a statement to NBC News. The McDonald's was closed for normal business, and the cars that went through the drive-thru were pre-selected and screened by Secret Service in advance.
Persons: Kamala Harris, Donald Trump’s, they’ve, , Harris, typify, Matt Young, , Trump, Sen, JD Vance, Ohio, ” Vance, That’s, Vance, he’ll, Joe Biden, Charlemagne Tha God Organizations: Secret Service, Trump, Secret, NBC News, Service, bodega, Fox Locations: U.S, Butler , Pennsylvania, Harlem, Pennsylvania, Williamsport , Pennsylvania, Michigan, Detroit
A mid-October poll by The Associated Press measured which of the two candidates voters trust on a variety of economic issues. Harris’ campaign declined to say where she wants to set the federal minimum wage, which is currently $7.25 per hour. Former President Donald Trump answers questions as he works the drive-thru line at a McDonald's on Oct. 20 in Feasterville-Trevose, Pa. “Donald Trump is running on a middle-class tax hike, Kamala Harris is running on a middle-class tax cut,” Harris campaign spokesperson James Singer said. “Working families like rank-and-file Teamsters overwhelmingly support President Trump because only he will Make America Wealthy, Strong, and Great Again.”
Persons: Donald Trump’s, Kamala Harris, Harris, Trump, , Kent Smetters, Sen, Chris Caldwell, Harris ’, Smetters, , hasn’t, Joe Biden, Donald Trump, Win McNamee, “ Donald Trump, ” Harris, James Singer, , Anna Kelly Organizations: Biden, Tufts University, Trump, University of Pennsylvania’s Wharton School, Daily, Wharton, Democratic, The Associated Press, Voters, Bureau of Labor Statistics, Economic, Institute, Republican National, Teamsters, America Locations: Pennsylvania, McDonald’s, Las Vegas, U.S, Arizona, Feasterville, Pa, China, Communist
The parent company of TikTok says it has dismissed an intern that it found to have "maliciously interfered" with its artificial intelligence technology effort. In a statement in Chinese released Monday, the parent company, ByteDance, said the intern in question had committed a "serious violation" against its commercial technology team's "research project." In particular, the intern's actions affected ByteDance's AI training program, the company said. In the AI world, companies attempt to program an AI application by "training" it on vast amounts of data to recognize patterns, understand context, and make decisions — in other words, "learn." It is not clear what aspect of the AI model the intern is accused of interfering with.
Persons: ByteDance, Donald Trump, Kamala Harris, Trump, Harris Organizations: NBC News, Facebook Locations: TikTok, China
Japanese American leaders slammed former President Donald Trump after he compared Jan. 6 rioters to those of Japanese descent who were incarcerated during World War II just because of their race. “Nobody’s ever — maybe the Japanese during the Second World War, frankly. But you know, they were held too.”Several Japanese American leaders condemned Trump’s comments, with Ann Burroughs, president and CEO of the Japanese American National Museum, calling them an “egregiously inaccurate and flawed historical analogy.”“Now more than ever, the lessons from the Japanese American incarceration must never be forgotten, ignored, minimized, or erased,” she said in a statement on the museum’s website. One officer, who was sprayed with chemicals during the event, died a day later due to natural causes. Decades later, after a critical “Redress Movement,” Congress passed the Civil Liberties Act of 1988 that provided monetary reparations and an apology to the Japanese American survivors.
Persons: Donald Trump, Jan, Trump, Dan Bongino, “ Nobody’s, ” Trump, , Trump’s, Ann Burroughs, , Ansel Adams, Mostafa Bassim, Sharon Yamato, “ insurrectionists Organizations: Republican, Capitol, American National Museum, NBC, Police, Trump, Anadolu Agency, Getty, Associated Press, Civil, Univision
Billionaire tech mogul Elon Musk has forcefully ramped up his efforts to help re-elect former President Donald Trump, raising eyebrows across the political world and inviting questions about the legality of some of his tactics. Meanwhile, news reports have chronicled some of the issues facing America PAC, a political action committee funded by Musk to help boost Trump in the home stretch of the campaign. The two men rallied together earlier this month in Butler, Pennsylvania, where the former president survived an assassination attempt over the summer. The giveaway plan was met with immediate pushback from some election law experts. Rick Hasen, a law professor at UCLA and an NBC News election law analyst, wrote in a post on his website Saturday that the payments were “clearly illegal.”“Essentially what you’re doing is you are creating a lottery.
Persons: Elon Musk, Donald Trump, Musk, , Trump, , MAGA, , Jocelyn Benson, ” Musk, Rick Hasen, ” Hasen, Josh Shapiro, Kamala Harris, ” Trump, Harris, Mark Cuban, Cuban Organizations: Republican, America PAC, Trump, SpaceX, Tesla, GOP, Reuters, Guardian, PAC, NBC News, Systems, Dominion, UCLA, NBC, . Pennsylvania, Democrat, Press, Federal, Democratic, Cuban Locations: Pennsylvania, Arizona, Nevada, Butler , Pennsylvania, Michigan, U.S, Folsom , Pennsylvania, Philadelphia, Maricopa County, Philadelphia County, Harrisburg , Pennsylvania
The five men who make up the Central Park Five, and now call themselves the Exonerated Five, have filed a defamation lawsuit against Donald Trump over his remarks during the presidential debate last month. And I said, well, if they pled guilty they badly hurt a person, killed a person ultimately. And if they pled guilty — then they pled we’re not guilty." Further the victims of the Central Park assaults were not killed." In their trials, they were charged with the assault of the female jogger as well as other assaults and robberies that occurred in Central Park.
Persons: Donald Trump, Trump, — Antron McCray, Kevin Richardson, Yusef Salaam, Raymond Santana, Korey Wise —, , we’re, Trump’s, Steven Cheung, Kamala Harris’s, ” Shanin Specter, Organizations: Central, New, Eastern District of Pennsylvania, Salaam, Member Locations: Pennsylvania, Central Park, New York, Eastern District
“Black maternal health and reproductive health has to be a conversation that I hear from any candidate for me to be on board to vote for them,” she said. Black women in the U.S. also face greater risks bearing children. “The landscape for reproductive health for Black women has gotten far more dangerous in the last two and a half years,” she said. When asked, the Harris campaign did not point to specific policies on Black maternal health. Desta-Bell said she’s found growing interest from voters about the state of Black maternal health and reproductive justice.
Persons: Francisca Shaw, , ” Shaw, Kamala Harris, Republican Donald Trump, Amber Thurman, Shaw, , . Georgia —, Leah Wright Rigueur, Regina Davis Moss, Harris, Joe Biden, ” Davis Moss, Harris ’, Nikema Williams, Hank Johnson, Sen, Jon Ossoff, Jacquelyn Martin, Biden, Keisha Lance Bottoms, Trump, Janiyah Thomas, Nadia Brown, Joyce Drayton, , Drayton, ProPublica, Candi Miller, Thurman, Naomi Desta, Bell, They’ve, she’s Organizations: Seattle’s University of Washington Medical Center, Reuters, University of Washington Medical Center, Democratic, Republican, Facebook, Supreme, Centers for Disease Control, Johns Hopkins University, Senate, Georgia Democratic Party, Georgia, Georgetown University, Georgia Black Republican Council, Republican Black, Women’s Health Locations: Georgia, U.S, Atlanta , Georgia, United States, . Georgia, Michigan, Atlanta, Florida, Desta
The officer who helped his colleague onto the roof told the task force, “I try to get him up to the roof. A GUY WITH AN AR!’”"To date, the Task Force has not received any evidence to suggest that message reached the former President’s USSS detail prior to shots fired," the task force said in its report. The Secret Service did not immediately respond to NBC News' request for comment. There was also no broader briefing among Secret Service and other law enforcement, the task force said. The panel has requested information and records from the Secret Service, the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Persons: WASHINGTON, Donald Trump's, Thomas Matthew Crooks, Crooks, Trump, , Crooks “, , Donald Trump, Jabin, it's, It's Organizations: Secret Service, Police Department, Task Force, Washington, Getty, Service, NBC, Emergency Services Unit, Trump, FBI, Alcohol, Tobacco, Firearms, Explosives Locations: Butler, Pa, West Palm Beach , Florida
WASHINGTON — The Supreme Court on Monday rejected disbarred lawyer Michael Cohen’s last-ditch effort to revive a civil rights claim against his former boss Donald Trump. But constitutional claims against individual federal officials are notoriously difficult to bring as a result of a line of Supreme Court rulings. In a 2022 case called Egbert v. Boule, the Supreme Court effectively put “Bivens claims” on life support in a ruling that tossed out allegations against a Border Patrol agent. A federal judge in New York and the 2nd Circuit U.S. Court of Appeals both highlighted the Supreme Court’s recent ruling in throwing out Cohen’s claims. Unless Congress passes legislation to allow a form of Bivens claims, there are few legal avenues to seeking accountability when federal officials, including thousands of law enforcement officials, commit unlawful acts.
Persons: WASHINGTON —, Michael Cohen’s, Donald Trump, Cohen, Trump, Egbert, “ Bivens, , Bivens Organizations: Trump, NBC News, Federal Bureau of Narcotics, Border Patrol, 2nd Circuit U.S Locations: New York
The Biden administration is proposing a rule that would provide women with private insurance access to over-the-counter birth control pills and other contraceptives at no cost, the White House said on Monday. “This rule, once finalized, will expand contraception coverage for 52 million women of reproductive age with private health insurance,” White House Gender Policy Council Director Jennifer Klein said during a briefing. “For the first time ever, women would be able to obtain over-the-counter contraception without a prescription at no additional cost, and health plans would have to cover even more prescribed contraceptives without cost sharing,” she said. Perrigo Co.’s Opill is currently the only daily birth control pill approved for sale without a prescription by the Food and Drug Administration, but the proposed rule covers other forms of over-the-counter contraceptives, including emergency contraception such as morning after pill Plan B, spermicides, birth control sponges, and condoms. The rule will also require that health plans cover all FDA-approved contraceptive drugs and some devices, including IUDs, without cost sharing in many cases.
Persons: Biden, Jennifer Klein, , Perrigo, Roe, Wade, Kamala Harris, Donald Trump Organizations: Affordable, of Health, Human Services, Labor, Treasury, Gender, Food and Drug Administration, Democratic, Republican Locations: U.S
Vice President Kamala Harris and top Democrats are seizing on the Republican nominee’s bizarre antics to inject new urgency and a sharper focus into her campaign. Democrats are suggesting that he is “unstable” and showing cognitive decline, using the same critique he once used against President Joe Biden. The Harris campaign, for example, immediately highlighted the 78-year-old Trump saying on Sunday that he’s “not that close to 80” when calling for cognitive tests. His alarming behavior may look to some like a candidacy melting down when the pressure is at its most extreme. With polls deadlocked, Trump’s behavior hasn’t yet disqualified him.
Persons: Donald Trump’s, Kamala Harris, Joe Biden, Harris, Trump, Arnold Palmer’s, , Mike Johnson, Read Organizations: CNN’s Locations: , CNN’s “ State
Defense Secretary Lloyd Austin visited Ukraine on Monday, in a show of solidarity with Kyiv just two weeks ahead of a U.S. presidential election that is casting uncertainty over the future of Western support. “We’re going to continue to support Ukraine in its efforts to defend its sovereign territory,” Austin told reporters travelling with him to Ukraine. Trump has signaled he would be more reluctant than Biden to continue to support Ukraine, which could deprive Kyiv of its biggest military and financial backer. “I’ve seen bipartisan support for Ukraine over the last 2-1/2 years, and I fully expect that we’ll continue to see the bipartisan support from Congress,” he said. Even with billions of dollars worth of U.S. military support, including the provision of F-16 fighter jets, Abrams tanks and more, Ukraine faces a tough fight ahead.
Persons: Lloyd Austin, Joe Biden’s, Volodymyr Zelenskyy’s, Austin, “ We’re, ” Austin, “ We’ve, Austin’s, Donald Trump, Kamala Harris, Trump, Biden, “ I’ve, , Ukraine’s staunchest, Vladimir Putin, , Zelenskyy, Putin, Abrams Organizations: Joe Biden’s Pentagon, Republican, Democratic, NATO, U.S Locations: Ukraine, Kyiv, Ukraine’s, Poland, Russian, Moscow, Russia, Donetsk, Brussels, Russia’s Kursk, Pokrovsk
Obama focuses his campaign outreach on young Black men. Jeff Swensen / Getty ImagesWill Obama’s outreach to young Black men help Harris?Former President Barack Obama has been on the campaign trail for Kamala Harris, aiming to shore up her support among young Black men. Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young men. One of Obama’s tasks leading up to Election Day is to persuade Black men that voting for Donald Trump would be a grievous mistake. 🙌 Russell Wilson made his Steelers debut on “Sunday Night Football” and led Pittsburgh to a 35-17 win against the New York Jets.
Persons: Obama, Sean “ Diddy ” Combs, Jeff Swensen, Harris, Barack Obama, Kamala Harris, It’s, Donald Trump, , hasn’t, “ They’re, He’s, podcasters, Read, Trump, ➡️ Harris, Al Sharpton, Mark Cuban, ➡️ Trump, Israel Aaron Schwartz, Michael M, Daniel Penny, Jordan Neely, Penny, Neely, Michael Jackson, Sean, Diddy, Combs, Lucas Jackson, Tony Buzbee, NFL Cary Edmondson, Russell Wilson, , Jayden Daniels, Greg Rosenstein, 🙌, aron, odgers,, alo, bea u, lea Organizations: Black, of Arizona, NBC, Trump, MSNBC, Getty, U.S, New York City, NBC News, NFL, Steelers, Jets, Pittsburgh, ards Locations: New York, Los Angeles, Philadelphia, peppering, Iran, Lebanon, New York City, Texas, hol
Yet he isn’t all that impressed with Obama, the nation’s first Black president, nor Harris, who would be the second. “He’s only gaining support with Black men.”Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young Black men. At a pair of rallies in Tucson and Las Vegas in recent days, Obama drew thousands of cheering supporters, though the turnout among young Black men appeared sparse. He came to hear Obama speak and as he stood in line for the event on campus, he said he didn’t see Obama as a figure who would be especially influential with young Black men. Trump is a white 78-year-old, but he possesses a “charisma” that some younger Black men find appealing, he added.
Persons: Kamala Harris, Charles Johnson, Johnson, Barack Obama, Obama, Harris, Donald Trump, Trump, ” Johnson, “ He’s, Black, he’ll, podcasters, Ronald Reagan, Joe Biden, David Plouffe, , , Joel Benenson, pollster, ‘ You’ve, , It’s, Henry Louis Gates Jr, he’s, Lauren Hitt, Miles Covington, hasn’t, didn’t, ” Covington, “ They’re, He’s, Stephen A . Smith, Obama isn’t, Biden, JB Pritzker, ” Pritzker, “ I’ve, Kalid Meky, Meky, Harris ’, ” “ Obama, “ I’m, Kamala Organizations: Democratic, University of Arizona, Black, Trump, Emerson College, Obama, Black Harvard University, White House, New York Times, Siena College, Harris —, Illinois Locations: TUCSON, Ariz, America, Tucson, Las Vegas, Pittsburgh, Harris, , California, Central Park
Harris looks to ‘paint a picture’ for undecided votersSuburban moderates are far from the only group Harris’ campaign is targeting in the race’s closing days. As the Harris campaign tries to make inroads with men, podcasts like Joe Rogan’s are still under consideration, a source familiar with the matter said. “No matter your party, no matter who you voted for last time, there is a place for you in this campaign,” Harris said last week. She appealed to moderate voters and women in their 2024 primary — including many of the same voters Harris’ campaign is targeting in the race’s late stages. Trump’s campaign has been touting Haley’s endorsement in battleground states.
Persons: Kamala Harris, Liz Cheney, Harris, Donald Trump, , Nikki Haley, Trump, Haley, , Adam Kinzinger, “ It’s, Cheney, Sarah Longwell, Charlie Sykes, Ohio Sen, JD Vance, ” Vance, Joe Rogan’s, “ We’re, ” Harris, David Plouffe, Donald Trump —, Joe Biden’s, Trump’s, Biden, ” Trump, , ” “, ” Haley, he’d, Alabama Sen, Katie Britt, Roe, Progressives shrug, Harris ’, Dick Cheney’s, , Vermont Sen, Bernie Sanders, Leah Greenberg, Kamala, ” Greenberg, ” CNN’s Daniel Strauss, Priscilla Alvarez, Gregory Krieg, Kristen Holmes, Alayna Treene, Steve Contorno, Kit Maher Organizations: CNN, Republicans, Wyoming, South Carolina Gov, Illinois Rep, Republican, Trump, Democratic, White House, Suburban, Black, , Republican National Convention, Fox News, Alabama, Progressives, Union, House Locations: Michigan , Pennsylvania, Wisconsin, Pennsylvania, Chester County , Pennsylvania, Oakland County , Michigan, Waukesha County , Wisconsin, Wyoming, , Georgia, Puerto Rican, Arizona, Nevada, Washington Crossing , Pennsylvania, Bucks County, Philadelphia, Milwaukee, Green Bay , Wisconsin, America, Iraq, Vermont, “ State
"Profits accelerating are far more important than who is sitting in the Oval Office," Subramanian said. Instead, the energy sector was the worst-performing sector when Trump was in office, losing 29% even as the S&P 500 surged 83%. Meanwhile, the clean energy sector rose 306% during Trump's presidency, according to data from YCharts. AdvertisementToday, the opposite is true: traditional energy stocks have been the best-performing sector during Biden's presidency, rising 139%, while the clean energy sector is the worst-performing sector, down about 55%. AdvertisementUltimately, Subramanian and her team expect the stock market to rise in 2025 regardless of who wins the election in November.
Persons: , Savita Subramanian, Subramanian, Donald Trump, Trump, Joe Biden, Elon Musk Organizations: Bank of America, Stock, Service, Capitol, Republican, White House Locations: YCharts
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
Including Larsen's August contribution of $1 million worth of XRP tokens, the billionaire has given more than $11.8 million to PACs supporting the Harris campaign, making him one of the crypto industry's largest individual donors this cycle. He's part of an industry that's become suddenly prominent in political fundraising, though more heavily in support of Republicans. The Trump PAC has raised about $7.5 million crypto donations since early June. The committee gave out nearly $29 million in September. They've received $1.3 million and $1 million, respectively.
Persons: Chris Larsen, James Delmore, Harris, Larsen, who's, he's, Biden, " Larsen, isn't, that's, Fairshake, Southern California Republicans David G, Valadao, Michael Garcia, They've Organizations: Harris, Fund, CNBC, Biden, Democratic, Fund PAC, Forbes, Public Citizen, The Trump PAC, , American Jobs PAC, Republicans, Southern, Southern California Republicans Locations: Bay, Fairshake, New York , Nevada, California, Southern California
Elon Musk is giving away $1 million each day to a voter who signs a petition. AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, according to election law experts. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."
Persons: Elon Musk, , Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, I'm, he's, Rick Hasen, Josh Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Musk's America PAC, Pennsylvania, Gov Locations: Harrisburg , PA, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles
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