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This year, Kaptur is facing GOP state Rep. Derek Merrin. West VirginiaGovernor: GOP state Attorney General Patrick Morrisey is the heavy favorite to fill the seat being left open by GOP Gov. 5th Congressional District: Democratic Rep. Jahana Hayes has a rematch against former GOP state Sen. George Logan in this western Connecticut district. 7th Congressional District (Allentown): Democratic Rep. Susan Wild is running against GOP state Rep. Ryan McKenzie. She is facing Democratic state Rep. Janelle Bynum.
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New data obtained by some lawmakers shows more student-loan borrowers taking advantage of that new process. Elizabeth Warren led some of her colleagues in calling for bolstered outreach on the bankruptcy process. AdvertisementAn updated process for student-loan borrowers to get rid of their debt in bankruptcy court is working, a group of Democratic senators said. Discharging student loans in bankruptcy court has been historically difficult. Lawmakers have also introduced legislation to make the bankruptcy process easier for student-loan borrowers.
Persons: Elizabeth Warren, , Dick Durbin, Sens, Raphael Warnock, Sheldon Whitehouse, Biden, Jerry Nadler, Nadler Organizations: Biden, Service, Business, Justice, Education, Democratic, Justice Department, DOJ, Lawmakers Locations: Sens, House
Activist hedge fund Starboard has taken a stake in drug giant Pfizer. AdvertisementActivist hedge fund manager Jeff Smith outlined his concerns about drugmaker Pfizer on Tuesday but stopped short of offering a solution — saying that's a job for the board of directors. He also shared a version of the presentation his hedge fund Starboard presented to Pfizer officials at a meeting last week. "We all get measured by our track record," Smith told the crowd. The track record is not great during this period of time in the pharma industry."
Persons: execs, , Jeff Smith, Smith, Pfizer, It's, I'm Organizations: Pfizer, Service, 13D, pharma Locations: Manhattan, Central, Olive Garden
4 trends to watch this bank earnings season
  + stars: | 2024-10-09 | by ( Kaja Whitehouse | ) www.businessinsider.com   time to read: +6 min
Expect lots of questions about how lower rates will affect business going forward. JPMorgan and Wells Fargo will kick off earnings on Friday, followed by Goldman Sachs, Citi, and Bank of America on Tuesday. Related storiesHere are the top four things to look for this bank earnings season. AdvertisementGoldman Sachs CEO David Solomon described a "more challenging macro environment, particularly in the month of August," and said the bank's trading business was "trending down close to 10%." In good news, the compensation expert Johnson Associates sees bonuses up this year across the board, an analysis that's reflected in part of Wall Street's earnings results so far this year.
Persons: Wells Fargo, , Daniel Pinto, Wells, Goldman Sachs, Morgan Stanley, What's, David Solomon, Solomon, Pinto, Banks, Johnson Organizations: JPMorgan, Service, JPMorgan Chase, Federal Reserve, Citi, Bank of America, Investment, LSEG, Renaissance, Barclays Financial Services Conference, Lending, Fed, Wall, Barclays
The White House, however, instructed the FBI to only interview 10 witnesses, according to the report. The report sheds light on the tight limits the White House imposed on the FBI as it undertook a “supplemental” background investigation while Kavanaugh’s confirmation hung in the balance. According to the report, those Trump comments were then flagged by an FBI public affairs office in emails to others at the agency, including some top officials. The White House finally told the official that it would be in touch it if had additional guidance to offer on the supplemental investigation. With the report, Whitehouse is calling for the agency to put in place standard procedures for how such supplemental investigations should be handled.
Persons: Donald Trump’s, Brett Kavanaugh, Kavanaugh, , Christine Blasey Ford, Trump, , Rhode Island Sen, Sheldon Whitehouse, Joe Biden, Whitehouse, ” Whitehouse, CNN’s Hannah Rabinowitz, John Fritze Organizations: CNN, FBI, White, Trump White House, NBC, Rhode Island, House
The success of so many 2020 election deniers in Republican primaries this year demonstrates that Trump’s ongoing campaign of election lies continues to have a strong hold on his party. Even four years later, candidates’ views on the 2020 election are relevant in important practical ways. Lake also baselessly advocated the imprisonment of Katie Hobbs, who was Arizona’s election chief during the 2020 election and went on to defeat Lake in the 2022 race for governor. (Photo by Chip Somodevilla/Getty Images) Chip Somodevilla/Getty Images/FileSen. Rick Scott voted to object to the congressional count of Biden’s victory in Pennsylvania, though he voted in favor of counting Biden’s victory in Arizona. Pennsylvania: Dave McCormickSenate candidate Dave McCormick of Pennsylvania speaks during the second day of the 2024 Republican National Convention in Milwaukee on July 16, 2024.
Persons: Washington CNN — It’s, Donald Trump, JD Vance, Joe Biden’s, Mark Robinson of, Kari Lake, Bernie Moreno, Sam Brown of, Ted Cruz, , Biden, – Mark Robinson of, Mike Braun, Indiana, Mike Kehoe of Missouri, Greg Gianforte, Patrick Morrisey, West Virginia –, Braun, Sen, Kelly Ayotte, Scott Olson, , Trump, ” Braun, Trump’s, Jennifer McCormick, Mike Kehoe Missouri, Mike Kehoe, David A . Lieb, Joe Biden, ” Kehoe’s, Crystal Quade, Montana, Greg Gianforte Montana, Phelan M, Ebenhack, Gianforte, Lee, Ryan Busse, Mark Robinson, Gov Mark Robinson, Grant Baldwin, Robinson, Biden “, Josh Stein, Patrick Morrisey Patrick Morrisey, Tom Williams, Morrisey, Biden’s, Huntington Mayor Steve Williams, Tim Sheehy of Montana, REbecca Noble, Biden didn’t, baselessly, Katie Hobbs, Lake, Lake’s, Ruben Gallego, Kyrsten Sinema, Rick Scott U.S, Rick Scott, Chip Somodevilla, Scott, ” Scott, Debbie Mucarsel, Jim Banks, Banks, ” Banks, Valerie McCray, Braun . Maine, Demi Kouzounas, Kouzounas, Angus King, Royce White Royce White, Alex Brandon, Royce White, “ TRUMP, “ Trump, White, Democratic Sen, Amy Klobuchar, Josh Hawley Sen, Josh Hawley, Allison Bailey /, Missouri Sen, Hawley, CNN’s Manu Raju, Lucas Kunce, Sam Brown, Patrick T, Fallon, Brown, we’ve, we’re, ” Brown, Adam Laxalt, Laxalt, Jacky Rosen ., Bernie Moreno Cleveland, David Dermer, Moreno, denialism, , ” Moreno, CNN’s Raju, Sherrod Brown ., Dave McCormick, Kamil Krzaczynski, wasn’t, Elizabeth Gregory, Dave, McCormick, “ Joe Biden, ” McCormick, Mehmet Oz, , … We’ve, Bob Casey, Patricia Morgan Rhode, Patricia Morgan, West Warwick, Kris Craig, Morgan, Morgan baselessly, ” Morgan, Sheldon Whitehouse, Marsha Blackburn Sen, Marsha Blackburn, Blackburn, Tennessee’s, Tennessee Sen, Bill Hagerty “, Gloria Johnson, Ted Cruz Sen, Ted Cruz of, Cruz, ” Cruz, , Colin Allred, Hung Cao Hung Cao, Milwaukee . J, Scott Applewhite, Hung Cao, Cao, Barack Obama, It’s, ” Cao, United States ”, Tim Kaine, Jim Justice, Justice, – Patrick Morrisey, Joe Manchin, Wheeling Mayor Glenn Elliott, – Denny Hoskins, Dennis Linthicum of, Brooke Paige of Vermont, Kris Warner, Washington’s Dale Whitaker, Christi, Denny, Denny Hoskins, Kelly Dereuck, Hoskins, ” Hoskins, Barbara Phifer, Dennis, Dennis Linthicum, Linthicum, Tobias Read, Brooke Paige Vermont, Brooke Paige, Lisa Rathke, Paige, ” Paige, ” Paige’s, Sarah Copeland Hanzas, Kris Warner West, Mac Warner, I’m, Thornton Cooper Organizations: Washington CNN, Trump, Capitol, Democratic, CNN, Republican, ILA, Indiana, Gov, Missouri, Biden, ” Kehoe’s Democratic, Greg Gianforte Montana Gov, Republican Governors Association, AP, Representatives, Republicans, Lee Newspapers, Getty, The News, Observer, Conservative Political, Conference, Republican National Convention, Inc, West, West Virginians, Associated Press, Huntington Mayor, Kari Lake Arizona Republican, Fox, Arizona, Senate, Democratic Rep, Democrat, Scott, Jim Banks Indiana Republican U.S, Fox News, Demi Kouzounas Maine GOP, Portland Press Herald, Army, Maine Republican Party, New Hampshire GOP, , Beacon, Minnesota, U.S . Senate, Arizona –, Marine, Sam Brown Republican, US, Nevada, Convention, Treasury Department, Bloomberg Businessweek, Philadelphia Inquirer, Providence Journal, USA, Blackburn, Tennessee, ABC, Milwaukee ., United, Jim Justice West, West Virginia Gov, Wheeling Mayor, Montana, Christi Jacobsen, Missouri State Capitol, Springfield News, Oregon State Capitol, Anadolu, Anadolu Agency, Getty Images, Vermont State House, Facebook, Electoral College, ” Paige’s Democratic, US Department of Agriculture, Virginia Watch, Virginia Economic Development Authority Locations: Mark Robinson of North Carolina, Kari Lake of Arizona, Bernie Moreno of Ohio, Sam Brown of Nevada, Ted Cruz of Texas, Missouri, West Virginia, Indiana , Missouri, Montana, – Mark Robinson of North Carolina, New Hampshire, Indiana, Indianapolis , Indiana, . Missouri, Jefferson City, Mo, Orlando, Fla, Texas, North Carolina, Carolina, Asheville , North Carolina, Milwaukee , Wisconsin, Nebraska, Delaware , Connecticut, Hawaii, Arizona, Kari Lake Arizona, Mesa , Arizona, AFP, Phoenix, Arizona and Wisconsin, Florida, Pennsylvania, Powell . Indiana, Milwaukee, Braun ., Demi Kouzounas Maine, Maine, China, St, Cloud, Minn, Amy Klobuchar . Missouri, Washington, Lucas Kunce . Nevada, Las Vegas , Nevada, Nevada, what’s, Jacky Rosen . Ohio, Westlake , Ohio, Ohio, United States, Sherrod Brown . Pennsylvania, Philadelphia, Island, Patricia Morgan Rhode Island, West, Rhode, Sheldon Whitehouse . Tennessee, Tennessee, Gloria Johnson . Texas, Washington ,, , Colin Allred . Virginia, Virginia, Loudoun, – Denny Hoskins of Missouri, Dennis Linthicum of Oregon, Denny Hoskins, Barbara Phifer . Oregon, Dennis Linthicum Oregon, Salem , Oregon, Anadolu, Getty Images Oregon, Oregon, Tobias Read . Vermont, Vermont, Montpelier, Kris Warner West Virginia
Last week, JPMorgan Chase CEO Jamie Dimon lashed out at investment bankers in training who quietly accept future-dated jobs with buyout firms. In the past, such recruiting tactics often took place after newbie investment bankers got some experience under their belts. Related storiesLast year's private-equity recruiting cycle kicked off while many bankers were still in training for their first full-time jobs after college. In August, JPMorgan issued a warning to incoming investment bankers about the risks of accepting hush-hush jobs with private-equity firms, including potential termination. AdvertisementIn the August letter, JPMorgan warned that future-dated jobs with a private-equity firm could present conflicts of interest for the bank.
Persons: , Jamie Dimon, Dimon, hadn't Organizations: Service, JPMorgan, Georgetown University, Street's, Business, Georgetown
A Republican-controlled chamber could thwart Harris’ nominees to fill out her administration and the courts, along with her legislative agenda. Top Senate Republicans told NBC News she would need their sign-off to secure votes on any judicial nominees, including for the Supreme Court. The prospect of a split Congress looms over a possible Harris win even if Democrats have a strong year and sweep every swing state. And if it’s a GOP-led Senate, Republicans would control a floor vote. Sen. Chuck Grassley, R-Iowa, would have seniority to be the next Judiciary Committee chair and said he intends to claim the position if Republicans win control.
Persons: Kamala Harris, Harris, , , Frankie Veltri, Biden, ” Sen, John Cornyn, Mitch McConnell, “ They’re, ” Cornyn, Democratic Sen, Jon Tester, “ It’s, you’ve, Nanette Barragán, ” Charlie Veltri, Frankie, Ruben, Gallego, We’ve, She’s, didn’t, Jimmy Carter, it’s, John Thune, Sen, Chuck Grassley, “ I’m, Richard Blumenthal, Conn, Merrick Garland, Barack Obama’s, Blumenthal, Sheldon Whitehouse, they’d, Henry Wade, he’s, ” Louis Olivas, he’s “, “ she’s, ” “ They’re, ” Olivas, Sahil Kapur, Alex Tabet Organizations: Republican, Top, Republicans, NBC News, Supreme, GOP, Senate, Democratic, Pentagon, Republican Party, City Locations: Montana, Goodyear , Arizona, Texas, — West Virginia, Florida, Arizona, Iowa, Maricopa , Arizona, Tempe , Arizona, Washington, Phoenix
It's the first time the Federal Reserve has cut rates since March 2020. The unemployment rate also ticked down in August, giving the Fed the data it needed to cut rates. AdvertisementAccording to CME FedWatch, which estimates interest-rate changes based on market predictions, a rate cut was all but certain; the question was how big of a cut the Fed would implement. Additionally, some economists and Democratic lawmakers had for months been calling for a rate cut of at least 50 basis points. "They're going to cut rates this week," Bharat Ramamurti, a senior advisor for economic strategy at the American Economic Liberties Project, told reporters during a Monday briefing.
Persons: , Jerome Powell's, Skanda Amarnath, Democratic Sens, Elizabeth Warren, John Hickenlooper, Sheldon Whitehouse, Powell, delinquencies, Bharat Ramamurti Organizations: Service, Federal, Market Committee, Federal Reserve, Business, CME FedWatch, Democratic, Fed, American Economic Liberties Locations: Jackson Hole , Wyoming, America
New York CNN —The American economy appears to be just hours away from a major milestone: The first interest rate cut from the Federal Reserve since Covid. Yet there remains an unusual amount of drama over the magnitude of that rate cut, with some in Washington calling for a supersized move. Massachusetts Democratic Sen. Elizabeth Warren wants the Fed to slash interest rates at a pace rarely seen outside of a full-blown crisis. “It is clearly the time for the Fed to cut rates. For instance, in early 2008 the Fed slashed interest rates by three-quarters of a point or more on three occasions.
Persons: Massachusetts Democratic Sen, Elizabeth Warren, Jerome Powell, Warren, , ” Warren, Sheldon Whitehouse, John Hickenlooper, Powell, Bill Dudley, “ dawdling, Dudley, ” Dudley, panicking, David Kelly, ” Kelly, Organizations: New, New York CNN, Federal Reserve, Massachusetts Democratic, Sens, Wall, Fed, Federal Reserve Bank of New, CNN, Democrats, Asset Management Locations: New York, Washington, Massachusetts, Federal Reserve Bank of New York
Rep. Patrick McHenry, R-N.C., sharply criticized other politicians on Tuesday for making public comments about what the Federal Reserve should do with its interest rate policy. McHenry, the outgoing chair of the House Financial Services Committee, said it was an '"outrage" that some politicians are publicly lobbying the central bank about rate cuts. "Senators that are trying to direct the Fed on rate policy are really demeaning their role. McHenry's comments came one day before the U.S. central bank is widely expected to start cutting interest rates for the first time since 2020. Coming in the middle of a presidential election cycle, the change in Fed policy has stirred speculation as to whether the central bank would be influenced by political considerations.
Persons: Patrick McHenry, Kevin McCarthy, McHenry, , Jerome Powell, Joe Biden, Democratic Sens, Elizabeth Warren of, John Hickenlooper of, Sheldon Whitehouse, Warren, Whitehouse, Trump, Sen, Mike Lee, Trump's Organizations: Rep, U.S, Capitol, Federal, Financial Services, Senators, United, Trump, Democratic, Fed, Republicans, Georgetown University's Psaros, Financial Markets Locations: R, Washington, United States, U.S, Elizabeth Warren of Massachusetts, John Hickenlooper of Colorado, Rhode, Utah
This story is available exclusively to Business Insider subscribers. For Wall Street bankers, traders, and executives, the election also stands to affect their jobs and business prospects, from US trade relations to demand for megamergers. To see where Wall Street's top leaders stand ahead of Tuesday's debate, Business Insider scoured the Federal Election Commission website for individual donations from Wall Street leaders between 2023 and August. The data showed donations from leaders across investment banking, private equity, and hedge funds, including Blackstone and Evercore. See below to find which Wall Street tycoons are voting for which candidate in 2024 presidential election, in alphabetical order:
Persons: , Donald Trump, Kamala Harris —, Richard Haass, Goldman Sachs, Trump, China —, Morgan Stanley, Harris, Joe Biden's, Biden Organizations: Service, Foreign Relations, Business, Centerview Partners, Wall Street, megamergers, Blackstone, JPMorgan, Citi, Bank of America Locations: China
Big hedge funds like Millennnium and Citadel continued to eke out small gains in July. Bobby Jain's new fund, which started trading last month, fell slightly. AdvertisementBobby Jain's new hedge fund fell slightly in its first month of trading amid a disappointing month for the larger stock market. Jain Global, which started trading on July 1 with $5.3 billion in commitments, ended the month down roughly 0.65%, according to people with knowledge of the firm's results. Rival multistrategy funds like Ken Griffin's Citadel and Izzy Englander's Millennium Management eked out small gains in what was largely lackluster month for stocks.
Persons: Bobby Jain's, , Ken Griffin's, Izzy Englander's Organizations: Citadel, Service, Jain, Management, Business
Read previewThe nation's central bank didn't give interest rate relief to Americans — yet. On Wednesday, the Federal Open Market Committee announced it would be leaving interest rates unchanged, continuing the pause that began last fall. And with the labor market slowing down while avoiding a recession, the Fed might have the evidence it needs to cut interest rates at its next meeting in September. However, predictions point to a rate cut — CME FedWatch, which estimates probabilities of interest rate changes based on the markets, showed markets think it's far more likely than not that rates will ease. Related storiesThe high interest rates have meant it's more expensive for Americans to borrow money for things like mortgages, credit cards, and auto loans.
Persons: , Jerome Powell, Powell, Michele Raneri, Donald Trump —, Trump, Elizabeth Warren, John Hickenlooper, Sheldon Whitehouse Organizations: Service, Federal, Market Committee, Business, Fed, TransUnion, Fox News, Democratic Locations: May's, Sens
Blackstone has been positioning itself to benefit from the AI boom with data centers. Founder Steve Schwarzman set a new lofty new goal in an earnings call Thursday. He said Blackstone aims to be the biggest investor in AI infrastructure in the world. AdvertisementIt's not surprising when AI, a topic of du jour across corporate America, comes up in an earnings call. "Blackstone is positioning itself to be the largest financial investor in AI infrastructure in the world," the Blackstone's chairman and CEO said in the call.
Persons: Blackstone, Steve Schwarzman, , laud Organizations: Service, Blackstone, Business Locations: America
But for now, we're turning to Wall Street in our big story, as big banks gear up to report their earnings. The big storyEarnings to watchMomo Takahashi/BIJust like that, it's Wall Street earnings season once again. Wall Street banks have been waiting for M&A, IPOs, and other fee-generating corporate dealmaking to come roaring back for two years. In May, the CEO shocked Wall Street by saying he plans to step down in the next five years . Will banks start charging for everyday consumer products like checking accounts?
Persons: , Joe Biden's, Sen, Peter Welch, Biden, Momo Takahashi, Wells, Goldman Sachs, Morgan Stanley, Kaja Whitehouse, Jamie Dimon's, Kaja, Jefferies, Jamie Dimon, Wall, Marianne Lake, We're, Larry Fink, Jenny Chang, Rodriguez, Neil Dutta, Tesla's, Elon Musk, Jeff Bezos, Rich Guy, Alyssa Powell, Andrei Cojocaru, David Zaslav, isn't, Joe, Zaslav, Jordan Parker Erb, Lisa Ryan, Joe Ciolli, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democrat, Democratic, Hollywood, NATO, Business, showtime, JPMorgan, Citigroup, BlackRock, Bank of America, Getty, Warner Bros, Discovery, Air Lines, PepsiCo, Bureau of Labor Statistics Locations: New York, Chicago, London
Democratic senators have accused Justice Clarence Thomas of accepting undisclosed gifts and trips. He allegedly accepted gifts like a yacht trip and a chopper ride to St. Petersburg, Putin's hometown. Senators seek investigation into potential tax fraud and financial ties between Thomas and Crow. AdvertisementTwo Democratic senators have accused Associate Justice Clarence Thomas of accepting free trips to Russian President Vladimir Putin's hometown. The letter highlighted the "serious possibility of tax fraud" and accused Thomas of having "secretly accepted gifts and income potentially worth millions of dollars."
Persons: Clarence Thomas, Putin's, Thomas, , Vladimir Putin's, Sen, Sheldon Whitehouse, Ron Wyden, General Merrick Garland, SCOTUS Organizations: Service, Oregon, Business Locations: St . Petersburg, Rhode Island
Read previewTwo Democratic senators have called on Attorney General Merrick Garland to open a special counsel investigation into Clarence Thomas. This story is available exclusively to Business Insider subscribers. Presented with opportunities to resolve questions about his conduct, Justice Thomas has maintained a suspicious silence." AdvertisementA spokesperson for the Justice Department declined to comment on the letter when reached by Business Insider. Thomas has previously denied any wrongdoing, arguing gifts from Crow and others fall under a "personal hospitality exemption," meaning they don't require disclosure.
Persons: , General Merrick Garland, Clarence Thomas, Sheldon Whitehouse, Ron Wyden, Thomas, Harlan Crow, Mark Martin, Whitehouse, Thomas's, he'd, Crow Organizations: Service, Oregon, Supreme, Business, Judicial Conference, Wyden, Finance, Justice Department, Business Insider Locations: Sens, Rhode Island, Crow
Two top Democratic senators have asked the Justice Department to open a criminal investigation of Justice Clarence Thomas for possible violations of federal ethics and tax laws. Senators Sheldon Whitehouse of Rhode Island and Ron Wyden of Oregon sent a letter to Attorney General Merrick B. Garland last week asking that he appoint a special counsel to investigate Justice Thomas’s failure to disclose lavish gifts, luxury travel, a loan for a recreational vehicle and other perks given to him by wealthy friends. The request further intensified efforts by Senate Democrats to scrutinize Justice Thomas’s conduct at a time when they are trying to force Supreme Court justices to comply with stricter ethics and financial disclosure rules. “We do not make this request lightly,” the senators wrote in a joint statement. “Supreme Court justices are properly expected to obey laws designed to prevent conflicts of interest and the appearance of impropriety and to comply with the federal tax code.”
Persons: Clarence Thomas, Sheldon Whitehouse, Ron Wyden, General Merrick B, Garland, Thomas’s Organizations: Democratic, Justice Department, Oregon Locations: Rhode Island
Associate Justice Clarence Thomas during the formal group photograph at the Supreme Court in Washington, DC, US, on Friday, Oct. 7, 2022. Two Democratic Senate committee leaders asked the Justice Department to appoint a special counsel to investigate whether Supreme Court Justice Clarence Thomas broke federal tax and ethics laws, the senators said Tuesday. "The evidence assembled thus far plainly suggests that Justice Thomas has committed numerous willful violations of federal ethics and false-statement laws," the senators alleged in the letter. It also "raises significant questions about whether he and his wealthy benefactors have complied with their federal tax obligations," Wyden and Whitehouse wrote. That evidence, they wrote, suggests that Thomas "likely violated federal law by accepting lavish gifts from wealthy benefactors and failing to report them" in violation of the Ethics in Government Act.
Persons: Clarence Thomas, Ron Wyden, Sen, Sheldon Whitehouse, General Merrick Garland, Thomas, Wyden, Whitehouse Organizations: Democratic, Justice Department Locations: Washington , DC
Quiver Quantitative mirrors the portfolios of certain Congress members and groups, rebalancing every time a new disclosure or report is made. AdvertisementQuiver Quantitative's strategy is a little simpler than the exact trades that Congress members are making, for two reasons. By backtesting, or applying this strategy to multiple years of historical data, many Congress members' portfolios exhibit significant outperformance relative to the S&P 500. Congress members could be managing their portfolios independently, or they could be using a financial advisor, for example. Congress' top performersBelow, we've listed five Congress members' portfolios with triple-digit total returns, their one-year return, as well as their current top portfolio holdings.
Persons: , Nancy Pelosi, James Kardatzke, Dan Meuser, Sheldon Whitehouse, Donald Beyer, Josh Gottheimer, Pelosi, Morgan McGarvey, Stephen Lynch, Paul Pelosi, Kardatzke, it's, It's Organizations: Service, Business, Nvidia, Broadcom, Tesla, Visa Locations: California
Getty Images; Shutterstock; BIThe traditional path to private equity starts with an investment banking job out of college. In 2023, private equity firms started reaching out in July before junior investment bankers finished their summer training. But at its core, private equity is in the business of making money by buying and running companies. Samantha Lee/InsiderA small group of headhunters and other advisors hold power over the private equity recruitment process. More on private equity pay and hiring:Have private equity's 'Hunger Games' recruiting tactics gone too far?
Persons: , Blackstone, Apollo isn't, Goldman Sachs, it's, David Wurtzbacher, Wurtzbacher, Wharton, Graham Weaver, you've, Samantha Lee, We've, Jon Gray, Drew Angerer, Skye Gould, Steve Schwarzman, Jonathan Gray, Gray, Thoma Bravo, Atlantic's, Carlyle, Warburg Pincus, Wharton's, Axel Springer Organizations: Service, Apollo, KKR, Business, Getty, CPA, BI, Alpine Partners, Alpine's, Harvard Business School, Stanford's Graduate School of Business, Alpine, of Foreign Labor, Bain Capital, Blackstone, Harvard, Games, Wall, Citadel, headhunters, dealmakers, Private, PJT Partners, Centerbridge, of Michigan Locations: San Francisco, UPenn, Carlyle, Blackstone, Axel
“What he needs to do is shoulder the responsibility for keeping that seat — and part of that responsibility is to get out of this race.”“It is absolutely not too late to pick a new candidate.”“The time is now for another Democratic candidate to take his place on the November ballot.”“I think the president should step aside and let the convention pick a new candidate.”“After deep reflection over these past few days, I strongly believe that our best path forward is Kamala Harris.”“Another Democrat would have a better shot at beating Trump.”“I had hoped that the debate would provide some momentum to change that. It did not.”Said Biden should step asideExpressed concern“We’re having a serious conversation about what to do.” Jamie Raskin Representative, Maryland –“I think it is a legitimate question to say is this an episode or is this a condition?” Nancy Pelosi Representative, California –“We have strong people, not just the top of the ticket, but around the ticket, who can be strong surrogates.” Jake Auchincloss Representative, Massachusetts –“We have heard concerns from people who saw the president on Thursday night. I felt concerned and raised those concerns.” Hillary Scholten Representative, Michigan –“I really do criticize the campaign for a dismissive attitude towards people who are raising questions for discussion.” Peter Welch Senator, Vermont –“Like a lot of people, I was pretty horrified.” Sheldon Whitehouse Senator, Rhode Island –“It has to be his decision. We have to be honest with ourselves. It wasn’t just a horrible night.” Mike Quigley Representative, Illinois –“President Biden has got to go out there, and in a sustained basis, show he has the stamina and can do the job.” Debbie Dingell Representative, Michigan –“We all saw what we saw.
Persons: , Kamala Harris, ” “, ” Said Biden, , Jamie Raskin, ” Nancy Pelosi, Jake Auchincloss, ” Hillary Scholten, ” Peter Welch, ” Sheldon Whitehouse, ” Mike Quigley, Biden, Debbie Dingell, ” Marie Gluesenkamp Perez, Washington, Trump, ” Jared Golden, ” Greg Landsman, ” Don Davis, ” Ann McLane, Katie Porter Organizations: Democratic, Trump, Jamie Raskin Representative, Maryland, ” Nancy Pelosi Representative, ” Hillary Scholten Representative, Michigan, Rhode, ” Mike Quigley Representative, Illinois, ” Marie Gluesenkamp Perez Representative, ” Don Davis Representative, North, ” Ann McLane Kuster, New Locations: California, Massachusetts, Vermont, Maine, Ohio, North Carolina, New Hampshire
On Tuesday, Mr. Biden suffered his first formal call to resign from the race from a Democratic member of Congress. At the White House press briefing on Tuesday, Karine Jean-Pierre, the White House press secretary, faced a nearly hourlong barrage of questions about the president’s abilities, medications and physical examinations, including whether he had received a neurological test. But he also preemptively announced whom he would endorse if Mr. Biden departed the ticket. Period.”Image Many Democrats worry that Mr. Biden has moved too slowly to confront fears about his mental fitness and stamina. “I came back and nearly fell asleep onstage,” Mr. Biden said.
Persons: Biden, wringing, Mr, Biden “, Nancy Pelosi, Puck, Biden’s, George Stephanopoulos, Kamala Harris, David Walter Banks, Hakeem Jeffries, Chuck Schumer, Jeffries, Tim Walz, Karine Jean, Pierre, , Jean, Trump, Jeff Zients, Jen O’Malley Dillon, James E, Harris, preemptively, , ” Mr, Clyburn, Ms, Joe Biden’s, Joe Biden, Haiyun Jiang, Jared Golden of, Marie Gluesenkamp Perez, Washington —, Sheldon Whitehouse, Lloyd Doggett of, Doggett, Privately, Dan Sena, Gavin Newsom, Pete Buttigieg, Gretchen Whitmer, David Walters of, David, Katie Glueck, Nicholas Nehamas Organizations: Democratic Party, Democratic, Biden, PAC, Republicans, White, ABC News, Credit, The New York Times, Gov, Democratic Governors Association, White House, Mr, MSNBC, CBS News, Trump, House Democratic, CNN, Transportation, Former Gov, Democratic National Committee, Locations: New Mexico , New Hampshire, Virginia, Pennsylvania, Wisconsin, Washington, Minnesota, South Carolina, San Francisco, Rhode, Lloyd Doggett of Texas, Austin, Trump, California, Michigan, David Walters of Oklahoma, McLean , Va, Europe
President Biden should do the same,” Doggett said in his statement Tuesday. “There’s a large and increasing group of House Democrats concerned about the president’s candidacy, representing a broad swath of the caucus,” another House Democratic lawmaker told CNN on condition of anonymity to speak candidly. They have held off going to Biden directly, hoping he would make the decision himself, but patience is wearing thin, multiple Democrats told CNN, amid signs that Biden has taken no steps to seriously consider the mounting concerns. President Joe Biden, first lady Jill Biden, and their granddaughters Finnegan and Natalie Biden head to Camp David on June 29, 2024. House Democrats are deep into their own polling, assessing how much damage has been done.
Persons: Joe Biden’s, Lloyd Doggett of, Lyndon Johnson, Biden, ” Doggett, , , ” Biden, George Stephanopoulos, Camp David, Obama, Barack Obama’s, Mitt Romney, Mike Quigley, Kasie Hunt, who’s, Nancy Pelosi, ” Pelosi, Donald Trump, Trump, Kamala Harris, Hakeem Jeffries, Jeffries, Jill Biden, “ Joe isn’t, , Delaware Sen, Chris Coons, George W, Sen, Sheldon Whitehouse, Joe Biden, Finnegan, Natalie Biden, Haiyun Jiang, , Jen O’Malley Dillon, Andrew Weinstein, Phil Murphy, ” Murphy, CNN’s Brianna Keilar, Jake Tapper, Annie Grayer Organizations: CNN, Democratic, House Democrats, Biden, ABC News, Camp, Republican, Capitol Hill Democratic, , House, Senate, MSNBC, California Democrat, Monday, , Trump, Democratic National Convention, Democratic Party, Hamptons, Saturday, ABC, White, New York Times, Minnesota, New York Times Editorial, Democratic National Committee, campaign’s National Finance Committee, New Locations: Delaware, Lloyd Doggett of Texas, California, North Carolina, Virginia, New Jersey, Rhode Island, Wilmington, , Michigan, Ukraine
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