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Combs on Tuesday pleaded not guilty to each count: racketeering conspiracy, sex trafficking and transportation to engage in prostitution. The lawsuit accuses Combs and other defendants of sex trafficking, human trafficking, sexual assault, gender-motivated violence, sexual harassment, gender discrimination and a hostile work environment. Diddy is not accused of sexual assault in the lawsuit but is included in allegations of liability and aiding and abetting. Lampros accuses Combs of four instances of sexual assault from the mid-1990s to the early-2000s. July 3: Adria English, a former adult film actress, accuses Combs of sex trafficking and sexual assault in a federal lawsuit filed in New York.
Persons: CNN —, Sean “ Diddy ” Combs, Combs, Combs ’, Diddy, Casandra, Cassie ” Ventura, Ben Brafman, Mr, , , Ventura, ” Combs, Brafman, Joi Dickerson, Neal, Liza Gardner, Aaron Hall, Guy, Gardner, Instagram, Jane Doe, ” Douglas, Wigdor, Rodney “, Rod ” Jones, Jones, Shawn Holley, Sean, Aaron Dyer, Christian Combs, Grace O’Marcaigh, Dyer, ” Sean Combs, Cassie Ventura, Ventura –, I’m, Meredith Firetog, Cassie, , , Firetog, Crystal McKinney, drugging, Lampros, Eric Adams, Adams, Howard, Sean Combs, ” Jonathan Davis, Singer Dawn Richard, Danity Kane, Combs “, ” Ventura, Erica Wolff, Richard, Christine Cornell, Prosecutors, CNN’s Nicki Brown, John Miller, Eric Levenson, Alli Rosenbloom, Kristina Sgueglia, Lisa Respers France, Sandra Gonzalez Organizations: CNN, Prosecutors, Howard University, Ventura, New York Supreme, Syracuse University, Diddy, of, Homeland Security, InterContinental, MTV, New York’s Fashion Institute of Technology, Howard University’s, Sean Combs Foundation, Adria Locations: Los Angeles, Miami, New York City, Here’s, New York, Southern, of New, Century City, Ventura
Even as teenagers, the three Alexander brothers were notorious for being predatory, according to multiple people who knew them at the time. AdvertisementHofeldt said she'd seen the Alexander brothers around at parties before she met them during the 2003-2004 school year. Several months after the assault, Hofeldt invited the brothers' friend Julian Cohen to her house in the middle of the night. Oren Alexander and Howard Lorber at a party at Sir Ivan's Castle in the Hamptons in July 2011. The Alexander brothers have been accused by multiple people of assaulting women in tandem on numerous occasions.
Persons: she'd, Oren, Alon Alexander, Alon, , Aaron Davidson, Alexander, Tal, Douglas Elliman, Kate Whiteman, Rebecca Mandel, Whiteman, Mandel, Angelica Parker, Renée Willett, Evan Torgan, Hunter Abrams, James, Shlomy, Orly, Michael M, Abby Hofeldt, choo, Rae Rae, Hofeldt, clotheslined, Gavin, they'd, Hofeldt's, Margo Hofeldt, Abby, Julian Cohen, Felix Cohen, Shlomy Alexander, Elliman, Douglas, Howard Lorber, Lorber, Oren Alexander, Steven Henry, Sir Ivan, Howard, Howard's, Oren's, James Ferraro, Ferraro, Ken Griffin, Bart's, Dina Goldentayer, Sean Zanni, Patrick McMullan, Barbara Fox, Beckford, Fox, Douglas Elliman's Erik Schneider, Jeff Miller, Brown Harris Stevens, Ken Griffin's, Griffin, Tal didn't, Douglas Elliman's, Gary Hershorn, Tal masturbated, texted Oren, Oren didn't, hadn't, Justin Ross Lee, he'd, Scott Roth, Lee, Matthew Peyton, Beth, Alon messaged Beth, Instagram, Beth messaged Alon, Beth Beth's, Floyd Mayweather Jr, Conor McGregor, Michael Stern, Stern, Mayweather, McGregor, Marc Patrick, what's, Sara Militello, Nicole Oge, Deanna Paul, Daniel Geiger Organizations: East Hampton, Business, Getty, Deal, FBI, Street Journal, Kent Security, Krop, High School, North Miami Beach, Miami Country Day, Miami Country Day School, Bacardi, University of Colorado, University of Maryland, Hofstra University, Sir, Hamptons, Manhattan, Forbes, Miami Beach, Douglas Elliman's, Real, New York Fashion, Art Basel, Vogue, Bath Club Estates, New York, Fox Residential, Board, New, Faena, Street, BI, Miami Herald, Tal, Peaceman Productions, UFC, Las Vegas, JDS, Brooklyn Tower, Stern of JDS, New York Post Locations: Long, Florida, Soho, Las Vegas, New York City, New York, Miami, South Florida, Orly Alexander, Israel, North Miami, Krop, Aventura, Hofeldt, Boulder, Sir Ivan's, Manhattan, Dominican Republic, Malibu, St, Brazilian, Elliman, Bath, New, Corcoran, Southampton, Water, East Hampton, Instagram, Teterboro , New Jersey, Las, Vegas, Teterboro, Brooklyn, what's
CNN —Sean “Diddy” Combs is expected Wednesday afternoon to appeal a federal judge’s decision to hold the hip-hop artist and music mogul without bail after he pleaded not guilty in federal court to charges of racketeering conspiracy, sex trafficking and transportation to engage in prostitution Tuesday. In court, prosecutors argued the music mogul should not be released because he had previously reached out to witnesses and victims. The judge told Combs there were no conditions she could find to assure her that he would appear in court if released. Combs’ lawyer Marc Agnifilo told CNN’s Kaitlan Collins on Tuesday night that Combs will likely not take a plea deal. The sex trafficking charge is based on allegations against a single, unnamed “Victim-I” from about 2009 up to about 2018, the indictment states.
Persons: Sean “ Diddy ” Combs, Andrew Carter, Combs, Carter, – Combs, Robyn Tarnofsky, Tarnofsky, Marc Agnifilo, CNN’s Kaitlan Collins, , ” Agnifilo, Emily Johnson, Agnifilo, , Johnson, Prosecutors, , ” Combs “, Casandra Ventura, Ventura, Douglas Wigdor, Sean Combs, won’t, , Combs ’ Organizations: CNN, Housing Unit, Metropolitan Detention, Homeland Security Investigations, Prosecutors, , Combs Enterprise Locations: Brooklyn, Manhattan, New York, Miami, Los Angeles, Ventura
Prosecutors in the Southern District of New York accuse Combs of sex trafficking, racketeering and transportation to engage in prostitution in the indictment unsealed Tuesday. “A year ago Sean Combs stood in Times Square and was handed a key to New York City,” he said. The sex trafficking count mentions “Victim-1,” whose interactions with Combs as described in the indictment mirror those described in Ventura’s lawsuit. According to the indictment, Combs attempted to bribe a member of the hotel security staff who had intervened. Since Ventura’s lawsuit, several others have accused Combs in separate lawsuits of sexual assault or sexual misconduct.
Persons: Sean “ Diddy ” Combs, Combs, , Prosecutors, Damian Williams, Williams, , Sean Combs, he’s, Marc Agnifilo, “ He’s, ” Agnifilo, ” Combs, Kelly, Robert Sylvester Kelly, Mary J, Blige, Usher, Casandra Ventura, Cassie, Ventura, ” Williams, Douglas Wigdor, ” “ Combs Organizations: Prosecutors, of New, Homeland Security, Miami, of, CNN Locations: Southern, Manhattan, New York City, of New York, , Ventura, Los Angeles, Miami, U.S
CNN —A phased reopening of Apalachee High School, the scene of this year’s deadliest school shooting, is scheduled to begin September 24. The area where the Apalachee High shooting unfolded, J Hall, will be closed for the rest of the school year after two students and two teachers were killed in the September 4 attack. “Everyone is processing or will process a tragedy differently,” said Michelle Kefford, principal at Marjory Stoneman Douglas High School in Parkland, Florida. Among its advice: ensure all physical damage is repaired and let staff members “feel comfortable in their building” before students return. “Thank you for your patience, understanding, and trust,” the Apalachee High administrators ended their letter.
Persons: Jessica Rehberg, who’ve, J, Jud Smith, , Michelle Kefford, Marjory Stoneman, , ” CNN’s Nicole Chavez, Michelle Watson Organizations: CNN, Apalachee High School, Barrow County, Dallas, Resources, Marjory Stoneman Douglas High School, Recovery Locations: Barrow, Barrow County, Parkland , Florida
By the time Harvey found the posting online, the medical examiner had sent Coleman’s body to the Health Science Center. “‘Did he actually die?’”After Victor Honey’s body arrived at the University of North Texas Health Science Center, the harvesting began. NBC News informed Getinge, the Army and National Bioskills about the center’s regular use of unclaimed bodies and Honey’s family not providing consent. He said his company would ensure that it no longer accepted unclaimed bodies and would adopt policies to make certain future specimens were donated with families’ permission. On a call, the reporter broke the news of how Honey’s body was used.
Persons: Moore, Yenner, ” Moore, Honey, she’s, , , Darryl Martin, Michael Dewayne Coleman’s, Coleman, Louisa Harvey, Michael Dewayne Coleman, Louisa Harvey ., Harvey, Harvey couldn’t, Shea Coleman, Yellott, Michael, ’ ”, Victor Honey’s, Fort Sam Houston —, Getinge, Douglas Hampers, Hampers, Victor Honey, Zerb Mellish, Honey’s, Victor, She’d, Victor didn’t, he’d, Patman Organizations: NBC News, Army, Dallas, Health Science, Fort, Fort Worth National, Health Science Center, Dallas Police Department, Dallas Police, NBC, Texas, Service, University of North Texas Health Science Center, Getinge, Brooke Army Medical, National Bioskills Laboratories, Facebook Locations: Wichita Falls, Dallas, Dallas County, Fort Worth, New Jersey, Tarrant County, Swedish, Fort Sam, Pittsburgh
“If you could find us,“ she asked, “why didn’t they?”Do you have a story to share about the use of unclaimed bodies for research? Dr. Douglas Hampers, the CEO of National Bioskills Laboratories — which had leased Honey’s torso — said he was disturbed to learn his company had received unclaimed bodies. He said his company would ensure that it no longer accepted unclaimed bodies and would adopt policies to make certain future specimens were donated with families’ permission. To curb this ghastly 19th-century practice, states adopted laws giving schools authority to use unclaimed bodies for student training and experiments. Each of the 44 that answered said they don’t use unclaimed bodies — and some condemned doing so.
Persons: Fran Moore, Carl Yenner, , , Victor Honey —, , Brenda Cloud, didn’t, DePuy, Johnson, Medsystems, Medical Sciences —, Douglas Hampers, Thomas Champney, Tim O’Hare Organizations: NBC, Army, University of North Texas Health Science, Health Science Center, Health Science, NBC News, Health, Dallas, U.S . Army, Johnson, Boston Scientific, University of Arkansas, Medical Sciences, University of North, National Bioskills Laboratories, American Association for Anatomy, University of Miami Miller School of Medicine Locations: Texas, Dallas, Tarrant, Fort Worth, North Texas, University of North Texas, Dallas County, Tarrant County
TikTok has 15 minutes to fight for its life
  + stars: | 2024-09-16 | by ( Brian Fung | ) edition.cnn.com   time to read: +10 min
The law Biden signed seeks to ban TikTok on Americans’ personal devices unless its Chinese parent company, ByteDance, quickly sells TikTok to someone else — which may effectively end the app as we currently know it. TikTok will not get the luxury of a full trial to argue for its continued existence in its current form. But it won’t be alone: A group of TikTok creators also suing the Biden administration will go next, with 10 minutes to speak. Court filings show that TikTok and US national security officials had hammered out a draft proposal to address the security concerns. The question is whether all that amounts to enough influence over ByteDance and TikTok to gain access to US TikTok users’ data, in spite of the guardrails promised by Project Texas.
Persons: Joe Biden, Biden, TikTok, Sri Srinivasan, Judge Neomi Rao, Donald Trump, Douglas Ginsburg, Reagan, ’ TikTok, , , Chris Inglis Organizations: CNN, Appeals, District of Columbia Circuit, Oracle, Justice Department, Independent, Project Texas, Federal Communications Commission Locations: China, United States, ByteDance, U.S, Beijing
Chris Larsen, the billionaire founder of blockchain payments company Ripple who is among the execs to endorse Harris, told Business Insider he wants her to make different appointments if she wins. "The way that they have already been interacting with business leaders is a compelling indication of where things could go in the future," Levie told Business Insider. Kovacic previously told Business Insider that Harris' relationship to economic progressives like Warren remains unclear. "It's not as though they think she will simply be an agent of Big Tech," he previously told Business Insider. "In the next four years, we'll be dealing with major policy subjects that relate to the next many decades of innovation," he told Business Insider.
Persons: , Joe Biden, hamstrung, he'd, Sen, Elizabeth Warren of, Biden, Warren, Warren's, Lina Khan, Gary Gensler, Kamala Harris, Khan, William Kovacic, That's, Harris, Adam Kovacevich, Elizabeth Warren, Kovacevich, Kamala Harris doesn't, Politico, winced, Aaron Levie, Arati Prabhakar, Chris Larsen, Larsen, Catalini, Gensler, Dallas Mavericks Mark Cuban, Levie, Kovacic, Obama, Douglas Farrar, we'll Organizations: Service, White, Democratic, Business, Federal Trade Commission, Securities, Exchange, George Washington University, of, Consumers Bank Association, Science, Technology, Bloomberg, MIT Cryptoeconomics, SEC, Dallas Mavericks, FTC, Democratic Party, Warren, Biden, Big Tech, Harris Locations: Elizabeth Warren of Massachusetts, Biden's, Harris, California, Gensler
But increasingly concerned Republicans fear the Trump team is firing blanks. So I just think that’s super overblown criticism by people who don’t know what they’re talking about.”‘Some groups are better than others’Concerns over Republican field efforts are nothing new. Large-scale conservative canvassing efforts, these Republicans explained, were plagued with issues including fraudulent and untrustworthy data entries. The senior Trump campaign official said the campaign was not caught off guard by Turning Point having a more limited scope, saying it has been working closely with the organization. “You gotta remember, Donald Trump got more votes for a sitting president than ever before in history,” this person said.
Persons: Donald Trump’s, Trump, , Kamala Harris ’, “ Local Republicans aren’t, they’re, Elon, James John Liautaud, Jimmy John’s, Shaun Maguire, Douglas, Ron DeSantis ’, Generra Peck, Phil Cox, there’s, it’s, … I’ve, Semafor, , ” Andrew Kolvet, Michael Whatley, Harris, Joe Biden, ” Sen, Steve Daines, Kamala Harris, ” Whatley, GOTV, isn’t, Donald Trump Organizations: Republican National Committee, Trump, Federal, Commission, RNC, Republican, “ Local Republicans, America PAC, FEC, Sequoia Capital, GOP, Gov, New York Times, NBC, , NBC News, House Republicans, National Republican Senatorial, Democrats ’ Senate, , Republicans Locations: Iowa, Douglas Leone, Arizona, Wisconsin, Michigan, Nevada, Georgia
Why Trump’s trade hero turned against tariffs
  + stars: | 2024-09-14 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +15 min
Vice President Kamala Harris has lambasted Trump’s tariff plan as a tax, but President Joe Biden has maintained tariffs Trump put in place during his presidency. We used trade policy, or tariffs, as a form of reciprocity, where we said, OK, our tariffs are pretty high. So that’s what led to all these trade agreements, the General Agreement on Tariffs and Trade, GATT, which became the WTO (World Trade Organization), NAFTA (North American Free Trade Agreement) and other free trade agreements that we’ve reached. He began to entertain this idea of reciprocity, of trying to reduce foreign tariffs by offering cuts in our tariffs. How do those tariffs compare with the late 19th century tariffs?
Persons: CNN —, Donald Trump, Kamala Harris, Joe Biden, Biden, Read, Douglas Irwin, Irwin, William McKinley —, Trump, IRWIN, there’s, It’s, we’ve, William McKinley WOLF, William McKinley, McKinley, they’ve, Bush, H.C ., William Jennings Bryan, that’s, they’re, it’s, Britain WOLF Organizations: CNN, Republicans, Democrats, Trump, Dartmouth College, Commerce, US Trade, Trade, WTO, World Trade Organization, American Free Trade, of Congress, University, Virginia’s, Federal, WOLF, Peterson Institute for International, Republican Party Locations: China, Ohio, Pennsylvania, Homestead , Pennsylvania, H.C, Buffalo, trillions, United States, it’s China, Britain, Japan
In fact, the Biden administration recently imposed its own set of tariffs, while extending ones first levied during the Trump administration. Take the tariffs the Trump Administration imposed on washing machines in 2018. The washing machine tariffs were part of a broad new tariff regime Trump imposed in an effort to protect American workers from anti-competitive Chinese trade practices. It resulted in what is generally viewed as a “trade war” involving retaliatory tariffs imposed on American goods. The White House gave a rationale similar to the Trump administration when it announced its tariffs.
Persons: Kamala Harris, Donald Trump, Trump, ” Trump, ” Harris, Biden, Harris, , There’s, , ” Biden, Douglas Irwin, ” Irwin, ” Sen, Sherrod Brown, Sen, Tom Cotton, Nick Iacovella, , ” Iacovella, Davis Organizations: GOP, Democratic, Tax, Trump, Coalition for, Prosperous, White, American Enterprise Institute, Federal, “ Ohio steelworkers, “ Workers, Administration, U.S . Steel, Harvard University, University of California Locations: China, Prosperous America, U.S, Mexico, Ohio , New York, Ohio
Six years later, sports betting has exploded across the United States, as 38 states have legalized it. The bill addresses three key areas tied to sports betting: advertising, affordability and artificial intelligence. It would mandate gambling operators ensure customers who wager more than $1,000 can afford to do so. "The gambling industry is following a playbook developed by the tobacco industry and this is a direct threat to public health," said Richard Daynard, a law professor and president of the Public Health Advocacy Group at Northwestern. The sports betting operators, meanwhile, are fighting back and saying the industry has brought benefits.
Persons: Sen, Richard Blumenthal, Paul Tonko, Conn, Tonko, It's, Gordon Douglas, he's, Andrew Douglas, Douglas, Blumenthal, Richard Daynard, Chris Cylke, Clyke, Dina Titus, — CNBC's Contessa Brewer Organizations: U.S, Capitol, Sports, American Gaming Association, National Institutes of Health, National Council, Public Health, Northwestern, American Gaming Association's Locations: Washington ,, United States, U.S
MNTN CEO on how streaming revenue strategies are changing
  + stars: | 2024-09-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMNTN CEO on how streaming revenue strategies are changingMNTN CEO Mark Douglas joins CNBC's 'The Exchange' to discuss streaming platforms' war for subscribers, whether smaller players can catch up to Netflix and Disney, and more.
Persons: Mark Douglas, CNBC's Organizations: Netflix, Disney
CNN —Dianna Moreno was afraid walking into Apalachee High School to find the laptop and charger she left behind when she rushed to evacuate after two other students and two teachers were killed last week. People hold candles during a vigil following the shooting at Apalachee High School, at Jug Tavern Park in Winder, Georgia, on September 6. Mike Stewart/APKacy Shahid, a former principal at Central Visual and Performing Arts High School in St. Louis, Missouri, said she was the first school administrator to use the guide. In Florida, students returned to Marjory Stoneman Douglas High School two weeks after the February 2018 massacre. In Texas, students at Santa Fe High School returned 11 days after a May 2018 shooting to finish the school year.
Persons: CNN — Dianna Moreno, “ It’s, , it’s, Moreno, Elijah Nouvelage, , Michelle Kefford, Marjory Stoneman, Kefford, they’ve, Mike Stewart, Shahid, ” Shahid, Reggie Daniels, Eric Gay Organizations: CNN, Apalachee High School, Barrow County, Reuters, Marjory Stoneman Douglas High School, Recovery, Bethlehem Church, Central Visual, Performing Arts High School, Robb Elementary School, Santa Fe High School, KHOU Locations: Winder , Georgia, Barrow, Parkland , Florida, Bethlehem , Georgia, St, Louis , Missouri, Uvalde , Texas, Florida, Texas
Circuit Court of Appeals said plaintiff Corey McNellis could proceed with a bias lawsuit against the Douglas County School District because school administrators allegedly cited his “religious comments” about the play as the basis for his 2020 firing. Lawyers for McNellis and the school district did not immediately respond to requests for comment. During the email exchange with the theater director, McNellis wrote: “As a Christian I would love to collaborate with your project. The 10th Circuit agreed with Moore that McNellis had not made out plausible retaliation and free-speech claims, but said his bias claims could go forward. The case is McNellis v. Douglas County School District, 10th U.S.
Persons: Corey McNellis, Matthew Shepard, Veronica Rossman, Joe Biden, McNellis, , ” McNellis, Raymond Moore, Moore, Robert Bacharach, Barack Obama, Harris Hartz, George W, Bush Organizations: Circuit, Douglas County School District, Democratic, McNellis, U.S . Constitution, U.S . Constitution . U.S, District, Republican Locations: Colorado, Denver, Wyoming, U.S ., U.S . Constitution ., 10th U.S
WINDER, Ga. — Many students in Georgia’s Barrow County headed back to class Tuesday, six days after a shooting killed two teachers and two students at the school district’s Apalachee High School northeast of Atlanta. No return date has been set for the 1,900 students at that high school, but the 13,000 students in Barrow County’s other schools did return, including at the middle school and elementary school that border the Apalachee campus in Winder. When her 8-year-old daughter said over the weekend that she was scared to go back to school, Shonderi Williams broke down in her bathroom. She has two daughters Yargo Elementary School and one daughter at Haymon-Morris Middle School, the schools next door. “We know the days ahead are going to be difficult, and that we have some staff and some students who are not ready to return to school,” LeDuff said.
Persons: Shonderi Williams, ” “, ” Williams, , ” Jaime Love, , “ I’m, Love, Cristina Irimie, Mason Schermerhorn, Richard Aspinwall, Christian Angulo, Charlotte Kramon, ” Love, Dallas LeDuff, ” LeDuff, ” Ashley Sanders, they’re, ” Sanders, Irimie, Colt Gray, Brad Smith, Colin Gray, Doug Griffith, Natalie Griffith, “ She’s, ” Doug Griffith, Griffith, Robert Runcie, Runcie, Marjory Stoneman, you’re, Amila Dawson, ” Dawson, Morris Organizations: Apalachee High, Yargo Elementary, Morris Middle School, Associated Press, Apalachee High School, Aspinwall, Church, Authorities, Broward County Public Schools, Marjory Stoneman Douglas High School, AP Locations: WINDER, Ga, Georgia’s Barrow County, Atlanta, Barrow County’s, Apalachee, Winder, Haymon, Winder , Ga, Yargo, , Romanian, GoFundMe, Broward, Florida, Barrow County, Parkland , Florida
Read previewLeo Kryss sold Jeff Bezos a $79 million Miami mansion. Kryss, the cofounder of Brazilian toy company Tectoy, had listed his seven-bedroom mansion on Indian Creek Island, Miami, for $85 million in May 2023, Business Insider previously reported. After Kryss sold his mansion for $79 million — $6 million below its list price — he learned that the buyer was, in fact, connected to Bezos. Kryss is suing Douglas Elliman, which received a commission of over $3 million for handling the property sale. Bezos owns three properties on the island, with the latest purchased in April for $90 million.
Persons: , Leo Kryss, Jeff Bezos, Kryss, Bezos, Jay Parker, Douglas Elliman, Douglas Elliman's Parker, Benny Klepach, Celine, Celine Klepach, Danny Hertzberg, Tom Brady, Jared Kushner Organizations: Service, Wall, Business, Wall Street Journal, Miami, Elliman, Coldwell Banker, Zillow, BI Locations: Miami, Florida, Dade County, Indian, Biscayne
Harris and Trump didn't interact after the debate ended Saul Loeb/AFP/Getty Images Trump speaks during the debate. Chip Somodevilla/Getty Images Trump supporter Pat Tuttle watches the debate from Jonathan's Grille in Nashville, Tennessee. Saul Loeb/AFP/Getty Images Harris averages 49% support across recent polls while Trump stands at 48% in the latest CNN Poll of Polls . Matthew Hatcher/AFP/Getty Images Trump and Harris shake hands at the start of the debate. Harris introduced herself by name and said, “Let’s have a good debate.” Trump responded: “Nice to see you.
Persons: Donald Trump, Kamala Harris, strode, Harris, Trump, Mike Tyson’s, , didn’t, Joe Biden, David Muir, Linsey Davis, Michael Le Brecht, Sean Hannity, CNN's Kaitlan Collins, Collins, Chip Somodevilla, Douglas Emhoff, Saul Loeb, Alex Brandon, Pat Tuttle, George Walker IV, Sen, John McCain, Tristen Rouse, CNN Trump, Win McNamee, Adam Gray, Doug Mills, CNN Harris, peppering, Sheena Carey, Morry Gash, he’d, , ” Trump, Christine Rogers, Matthew Hatcher, ” Saul Loeb, Roberto Schmidt, Andrew Thomas, Robert F, Kennedy Jr, Kennedy, Jim Lo Scalzo, Anthony Scaramucci, Olivia Troye, Matt Rourke, Hannah Beier, Lilly, Evelyn Hockstein, Matt Slocum, Kenny Holston, don’t, George W, Bush, it’s, they’ve, There’s, Biden, Taylor Swift, Tim Walz, Harris didn’t, unaccountably, JD Vance, Barack Obama’s, she’s, Viktor Orban, Trump’s, hadn’t, Vladimir Putin, “ You’re, you’re Organizations: CNN, ABC News Trump, Fox News, National Constitution Center, Getty, Trump, Pennsylvania Convention Center, Images, Affordable, People, Nasdaq, New York Times, Bloomberg, AP, AP Trump, Philadelphia International Airport, AFP, Philadelphia City Hall, Former Trump, Reuters, ABC, Force, White, Central, Five, Biden Locations: America, Philadelphia, Pennsylvania, Nashville , Tennessee, Washington ,, New York, Milwaukee, United States, AFP, Afghanistan, , Hungarian, Ukraine, Russia
While many investors have been distracted by the recent drop in leading technology shares, a traditionally overlooked part of the market is seeing a major boom: consumer staples. The S & P 500 consumer staples sector hit a record on Monday, putting it more than 8% higher over the past three months. On Friday, the Bureau of Labor Statistics said 142,000 jobs were created in August, well below the 161,000 expected by economists. Against this backdrop, we used the CNBC Pro Stock Screener tool to find consumer staple stocks that could outperform going forward. Kroger is expected to gain more than 12% going forward, based on analysts consensus price targets.
Persons: It's, Kroger, Bernstein, Douglas Harned Organizations: Tech, of Labor Statistics, CNBC, Stock, Kroger, Constellation Brands, Bunge Global, Modelo, Bunge, GE Aerospace, GE Locations: U.S
Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick. He also notched his price target $4 higher to $80, implying shares could gain 16.6% from Monday's close. Along with the new iPhone 16 line, the company unveiled Apple Intelligence for beta rollout next month, or new artificial intelligence capabilities for the iPhone. The iPhone 16 and 16 Plus are available for pre-order starting Friday. "At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework," the analyst wrote.
Persons: Andrew Obin, Obin, — Hakyung Kim, David Vogt, Vogt, Morgan Stanley, Erik Woodring, Woodring, Goldman Sachs, Michael Ng, Ng, Bernstein, Douglas Harned, Harned, Daniela Nedialkova, Hakyung Kim, Tesla, Edison Yu, Yu, Fred Imbert Organizations: CNBC, Deutsche Bank, Atlantic, Costco, Bank of America, Johnson, Wall Street, Apple Intelligence, UBS, Apple, GE Aerospace GE Aerospace, GE Aerospace, GE Locations: Monday's
The Trump policy that freaks out economists the most
  + stars: | 2024-09-05 | by ( Matt Egan | ) edition.cnn.com   time to read: +9 min
New York CNN —Former President Donald Trump wants to spend trillions of dollars on tax cuts. “It’s enormously protectionist and terrible economic policy,” said Holtz-Eakin, who served as an economic adviser to former President George H.W. The cost of the Trump tax cutsTrump has called for extending his signature 2017 tax cuts, which expire next year if no action is taken by Congress. Trump has argued that extending the tax cuts will boost the economy, create jobs and help families. The Trump campaign has not detailed significant spending cuts or tax hikes to offset these tax cuts.
Persons: Donald Trump, Trump, Goldman Sachs, Kamala Harris, Goldman, , ” David Kelly, Kelly, “ It’s, , ’ Trump, Douglas Holtz, Eakin, Holtz, George H.W, Bush, GOP Sen, John McCain, Mark Zandi, ” Zandi, Karoline Leavitt, they’ll, ” Leavitt, Trump’s, ” Harris, “ Donald Trump, ” Brian Nelson, Harris, Kimberly Clausing, Mary Lovely, ” Trump, Joe Biden, Penn, Penn Wharton, The Trump, CNN’s Katie Lobosco Organizations: New, New York CNN, Asset Management, CNN, America, New York Economic Club, American, GOP, Moody’s, Trump, Peterson Institute for International Economics, Peterson Institute, US Customs, Louis Federal Reserve, Biden, Congress, Princeton University, University of Chicago, Harvard University, US Treasury Department, Penn Wharton Model, Social Security Locations: New York, United States, China, America
New York CNN —Shein and Temu, two Chinese low-cost e-commerce websites, are the target of a proposed investigation by the United States government for selling “deadly baby and toddler products.”Two leaders from the Consumer Products Safety Commission said in an open letter Wednesday that they want commission staff to look into how the two companies comply with US safety regulations. Pointing to “recent media reports” that dangerous products sold for kids are easy to find on the websites, CPSC commissioners Peter Feldman and Douglas Dziak said they want to “better understand these firms, particularly their focus on low-value direct-to-consumer” shipmentsOne particular concern for the Commission is the companies’ use of “de minmis,” a rule that exempts shipments valued at $800 or less from tariffs. Much of the products sold on Shein and Temu are cheap and range from furniture to fast fashion. “As the Commission sets its priorities for next year, we expect agency staff to investigate the companies’ safety and compliance controls; relationships with third-party sellers and consumers; and any representations they make when products are imported,” Feldman and Dziak wrote. Last year, a US congressional commission called out Shein and Temu in a report that suggested the companies and others in China were potentially linked to the use of forced labor, exploitation of trade loopholes, product safety hazards or intellectual property theft.
Persons: New York CNN —, Peter Feldman, Douglas Dziak, ” Feldman, Dziak, Shein, ” Temu, they’re Organizations: New, New York CNN, United, Consumer Products Safety Commission, CNN Locations: New York, United States, China
Two U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of "foreign-owned" e-commerce platforms such as Shein and Temu, specifically the alleged sale of "deadly baby and toddler products." "Our interests are aligned with the U.S. Consumer Product Safety Commission (CPSC) in ensuring consumer protection and product safety, and we will cooperate fully with any investigation," the Temu spokesperson said. CPSC officials have asked for more funding to hire staffers to monitor emerging e-commerce platforms such as Temu and Shein over safety practices, according to The Information. Last April, a congressional commission released a report detailing issues with Shein, Temu and other "Chinese 'fast fashion' platforms.'" They alleged the sites have numerous product safety hazards, are connected to the use of forced labor and are exploiting trade loopholes, among other concerns.
Persons: Peter Feldman, Douglas Dziak, Temu, Shein Organizations: U.S, Consumer Product Safety, U.S . Consumer Product Safety, Discount, Google, PDD Holdings, Amazon, CNBC Locations: U.S, China
The missile helps to close the gap between US capabilities and those of China, which is fielding new beyond-visual-range air-to-air missiles with reach. Related storiesIn the most recent Pentagon report on Chinese military developments, officials noted its work on "beyond-visual-range air-to-air missiles." The PL-15 was China's answer to the US AIM-120D Advanced Medium-Range Air-to-Air Missile (AMRAAM). U.S. Navy photo by Mass Communication Specialist 2nd Class Isaiah B. GoesslThe air-to-air missile range game is expected to continue though. As the Pentagon noted in its report, China is at work on its air-to-air missiles, and the US is likewise working on next-generation systems like the AIM-260.
Persons: , Carl Vinson, Douglas Barrie, pBur3mhRQs, 0L2bNLgTUi —, Justin Bronk, Joshua Sapien, It's, Bronk, Zheng Shuai, China's, Isaiah Organizations: Service, US Navy, AIM, Business, Navy, Hornets, Nimitz, Hawaii's, People's Liberation Army Air Force, International Institute for Strategic Studies, U.S . Navy, 0L2bNLgTUi — Doha, US AIM, Air Missile, Royal United Services, Hornet, RIM, Getty, Navy's, Observers, American, aircraft, Pentagon Locations: China, Washington
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