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According to NBC News exit polls of Nevada, Trump lost Latinos by 26 percentage points in 2020, but he won them by 2 points this year. Among Nevada voters without college degrees, Trump extended his lead from 2 points in 2020 to 10 points this year. “Working-class voters don’t pay attention to politics. Even as Trump carried Nevada Latinos by 2 points, they voted for Rosen by 7 points, according to NBC News exit polls. “But overall, the Democratic Party missed the mark, and they’re going to have to re-evaluate that commitment to working-class voters.”

Persons: Kamala Harris, Donald Trump’s, “, ”, Susie Lee, Lee, “ it’s, Sen, Jacky Rosen, Harris, Rosen, Sam Brown, Brown, Trump, he’s, Ted Pappageorge, Pappageorge, They’re, We’ve, Jeremy Hughes, Hughes, Joe Lombardo, “ Brown, Catherine Cortez Masto, headwinds, we’ve, “ You’ve, Jacky, That’s, ” Cortez Masto, ” Rosen, Biden, ” Josh Marcus, Blank, Cortez Masto, “ Joe Biden Organizations: VEGAS, Trump, ”, Democrats, Nevada, Republican, Culinary Union, NBC, CNN, Fox, GOP, GOP Gov, Democratic, Veterans Affairs, Biden, Democratic Party Locations: Nevada, Las Vegas, Nevada’s “, Sin City, Sen, Reno

☆ Morgan Stanley cautions against owning overcrowded stocks for risk of high valuation, volatility
▼ + stars: | 2024-11-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Owning overcrowded stocks could increase volatility and lead to muted portfolio gains, according to Morgan Stanley. "Crowded trades come with the risk of overvaluation and increased volatility as it may be more difficult to attract the marginal investor, while avoiding overcrowded stocks can provide investors with an opportunity to capture unrecognized value when paired with strong fundamentals," Morgan Stanley strategists said in a note to clients. Car rental agency Avis Budget Group was the most crowded stock among hedge funds, with more than half its float owned by professional traders. Aerospace and defense company Loar Holdings and real estate development and management firm Howard Hughes were also on the list of crowded trades. Janus Henderson , The New York Times , Planet Fitness and Wayfair were popular names among hedge funds last quarter.

Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson Organizations: Avis Budget Group, Aerospace, Loar Holdings, The New York Times Locations: The

☆ Are we any closer to a greener future? Leaders weigh in at the world's largest energy event
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +2 min

Fossil fuels still dominate the global energy mix at 81.5% in 2023, according to the Energy Institute. "It just goes to show how difficult it is to change the energy mix. It's because it takes time," said Lorenzo Simonelli, chairman and CEO of Baker Hughes, a global energy technology company. Takayuki Ueda, the representative director president and CEO of INPEX, a Japanese oil company, reiterated technology's role in the energy transition. Energy companies have been leaning on gas as a "reliable dispatch of power" to meet demand, said Maví Zingoni, CEO of Power at GE Vernova, an energy equipment manufacturing and services company.

Persons: Lorenzo Simonelli, Baker Hughes, Simonelli, Takayuki Ueda, Ueda, Maví Zingoni, Zingoni, Olivier Le Peuch, Le Peuch, CNBC's Dan Murphy Organizations: Energy Institute, CNBC, Energy, Power, GE Vernova, SLB Locations: Abu Dhabi

☆ Target's recent trade imports data tells the real story behind massive earnings miss
▼ + stars: | 2024-11-21 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

But cargo container trade data reviewed by CNBC tells a more nuanced tale. "We took some action to move product ahead of the port strike which came with more cost," Fiddelke said. Target's peak season imports for 2024 compared to 2023 were flat to down, according to cargo container volumes data pulled and analyzed by ImportGenius. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-August 31, valued at $1.3 billion. "With any frontloading for the port strike, inventory would be up even higher than that."

Persons: Brandon Bell, Brian Cornell, Michael Fiddelke, Fiddelke, William George, Lynn Hughes, we're, Jerry Storch, Storch, Joe Feldman, Feldman, Bill Simon, Simon, Melissa Repko Organizations: Getty, CNBC, Target, ILA, ImportGenius, Storch Advisors, Panjiva, Walmart, Telsey Locations: Austin , Texas, U.S, New England, Texas, West Coast, Savannah , Georgia, Long Beach , California, of Virginia, West, East Coast, Gulf

A homeless Florida man was arrested Wednesday and charged with plotting to bomb the New York Stock Exchange to force a "reboot" or "reset" of the U.S. government, according to a criminal complaint. Yener told agents at the time that he was creating “rockets” with very “volatile” chemical mixtures that would explode if they were mixed incorrectly, the complaint says. Undercover FBI agents later made contact with Yener and convinced him they wanted to help him carry out an attack, it says. “There is one place that would be hella easy...the stock exchange, that would be a great hit," Yener said, according to the complaint. So that’s perfect.”Days later, he told a group of undercover FBI agents that he wanted to bomb the stock exchange the week before Thanksgiving.

Persons: Harun Abdul, Malik Yener, Yener, ”, Seamus Hughes Organizations: New York Stock Exchange, ., FBI, Facebook, ISIS, Undercover FBI, Walmart, NBC News, Stock Exchange, Court Watch Locations: Florida, Coral Springs, “

☆ Oil prices edge higher after Russia-Ukraine tensions escalate
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +2 min

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Russia unleashed its largest air strike on Ukraine in almost three months on Sunday, causing severe damage to Ukraine's power system. Investors also fretted over the pace and extent of interest rate cuts by the U.S. Federal Reserve that has created uncertainty in global financial markets. In the U.S., the number of operating oil rigs fell by one to 478 last week, the lowest since the week to July 19, Baker Hughes data showed.

Persons: Joe Biden's, Biden, Tony Sycamore, Brent, WTI, Baker Hughes Organizations: Brent, U.S, West Texas, IG, International Energy Agency, U.S . Federal Reserve Locations: Cushing , Oklahoma, Russia, Ukraine, China, Kursk, U.S

☆ Elon Musk downsized Big Tech. Can he do the same to Big Government?
▼ + stars: | 2024-11-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

And to run the new cost-cutting department, Trump tapped the businessman he calls the world's "greatest cutter" — Elon Musk. If you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. When it comes to federal spending, one person's waste is another person's bread and butter. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. Musk has acknowledged that Americans will feel "hardship" as a result of the cuts he wants to see implemented.

Persons: Donald Trump, Trump, Elon Musk, Musk, cochair, Vivek Ramaswamy, Ronald Reagan —, There's, Michael Morris, Morris, it's, Andy Wu, Linda Bilmes, Ronald Reagan, Joel Friedman, Brian Hughes, DOGE, Reagan, Ramaswamy, It's, Sam, Uncle, Elon Organizations: Department of Government, Twitter, Tesla, SpaceX, Defense Department, IRS, Columbia Business School, Harvard Business School, Government, Harvard Kennedy School, Office, GAO, Fox News, Budget, Federal Aviation Administration, Veterans Administration, — Locations: Ecuador, Independence

☆ How Elon Musk's Department of Government Efficiency could actually work
▼ + stars: | 2024-11-16 | by ( Alice Tecotzky | Katie Balevic | ) www.businessinsider.com time to read: +10 min

Trump has flirted with changing budget laws, but experts told BI that could cause a massive fight. Despite its name, the DOGE will not actually be a government department, as departments are permanent and can only be created by Congress. "The Department of Government Efficiency (DOGE) will ultimately be staffed and dedicated to this mission," Brian Hughes, a spokesperson for Trump's transition team, told BI in a statement. "It just doesn't work, unless you decide to start cutting Social Security benefits or Medicare, at which point all hell breaks loose," she told BI. Trump, Musk, and Ramaswamy may try to circumvent the congressional obstacles standing in the way of their cost-cutting agenda.

Persons: Trump, Donald Trump, Elon Musk, Musk, Vivek Ramaswamy, Ramaswamy, Jim WATSON, Musk's, Elaine Kamarck, Bill Clinton, Kamarck, Brian Hughes, Barney Frank, Douglas Holtz, it's, Lisa Gilbert, Holtz, Eakin, he'll, they're, Gilbert, Brandon Bell, It's, aren't Organizations: Government, Wednesday, Department of Government, GOP, Trump, Brookings Institute, Social Security, Department, Government Efficiency, Congressional, Office, Management, Public Citizen, White, Bloomberg, SpaceX

☆ Elon Musk's DOGE is looking for people to help cut government spending. But is he offering a real job? And is it paid?
▼ + stars: | 2024-11-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

DOGE hasn't answered questions about pay, or whether you need an X account to apply. AdvertisementMusk didn't respond to an email from BI, and the DOGE account didn't respond to a direct message. Representatives for Vivek Ramaswamy, who incoming President Trump tapped to co-lead DOGE alongside Musk, also didn't respond to a request for comment. DOGE's post on X asks prospective applicants to send their resumes via direct message to its X account. Still, a job seeker would need to have an X account — even if just a free one — to send a direct message to DOGE.

Persons: Musk, hasn't, Elon Musk, —, didn't, Brian Hughes, Trump, Vivek Ramaswamy Organizations: Elon Musk's Department, Government, Department of Government, Trump, — Department, DMs, BI

☆ Elon Musk is hiring for DOGE. Here's what he's looking for.
▼ + stars: | 2024-11-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk wants you to help root out government waste — but only if you're really smart and willing to work 80 hours a week. Musk, who's standing up the Department of Government Efficiency — or DOGE, named after a cryptocurrency he's linked to — is looking for the top 1% of people interested in joining. We need super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting. We need super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting. Since his early days at Tesla, Musk has pushed the company's staff to work "super hardcore" — a management style he mirrored at Twitter, now X, after taking over the platform in 2022.

Persons: it'll, Musk, —, Elon Musk, Vivek, Vivek Ramaswamy, Trump, Ramaswamy, Volodymyr Zelenskyy, Recep Tayyip Erdoğan, Vance, Brian Hughes Organizations: Elon Musk's Department, Government, Service, Department of Government, Elon, — Department, Trump, Twitter Locations: Turkish

☆ Bill Ackman's Pershing Square doubles down on Nike and one name tied to data centers
▼ + stars: | 2024-11-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Bill Ackman's Pershing Square doubled down on Nike and Brookfield in his concentrated portfolio last quarter. The high-profile investor boosted his investment in Nike drastically in the third quarter, making the bet worth $1.4 billion, according to a regulatory filing. The bet was only worth about $220 million at the end of June. Nike is in the midst of a broader restructuring after it shifted its strategy to sell directly to consumers. Pershing Square also boosted its bet on Brookfield last quarter to a stake worth $1.74 billion, making it the second biggest holding behind Alphabet.

Persons: Bill Ackman's, Elliott Hill, Howard Hughes Organizations: Bill Ackman's Pershing, Nike, Brookfield, Pershing, Microsoft, Brookfield Asset Management, Hilton Worldwide, Restaurant Brands, Canadian Pacific, Canadian Pacific Kansas City Locations: Canadian Pacific Kansas

☆ Why Builders Are Renting Out New Houses Instead of Cutting Home Prices
▼ + stars: | 2024-11-13 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Builders, meanwhile, are luring buyers with some perks but are barely budging on prices. That's partly because these companies have another place to turn: the rental market. Opportunistic investors — mostly small and midsize players, who own the vast majority of single-family rentals in the country — are happy to oblige. Builders have also started developing entire communities of single-family homes to be rented out rather than sold, a strategy known as build-for-rent. Their embrace of the rental market says more about the obstacles for buyers than for builders.

Persons: homebuilders, John Burns, Keith Hughes, —, Horton, Don Mullen, they've, Adam Stern, Sean Morgan, Alex Offutt, Ray Sturm, Sturm, Selma Hepp, It's Organizations: John Burns Research, Consulting, Builders, John, Houston, Owners, SFR, Sun, Dallas, Local, Business Purpose, Offutt Locations: Tampa , Florida, Carolinas, Nashville, Horton

☆ How Trump policies may boost and burden energy stocks and crude oil, all at the same time
▼ + stars: | 2024-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

While oil stocks tend to follow the direction of crude prices, the energy sector has gained 3.6% since election day, slightly outpacing the S & P 500. Conflicting signals The crude futures market and the oil and gas stocks appear to be taking different messages from Trump's victory. Since the election, natural gas stocks have been big winners on the prospect of more pipeline permitting. The oilfield services companies are also major beneficiaries under a Trump administration, West said. Oil surplus headwind More ominously, an oil and gas production boom under Trump would lower crude oil prices and likely act as a headwind for the industry.

Persons: Donald Trump's, Brent, Andrew Dittmar, Trump, Dittmar, Biden, James West, EQT, Kinder Morgan, West, Baker Hughes, Halliburton, Lee Zeldin, Zeldin, Russia —, Morgan Stanley, Wells, Roger Read, Darren Woods, I'm, Woods, CNBC's Organizations: West Texas Intermediate, Enverus Energy Intelligence, Republican, White, American Petroleum Institute, Oil, Gas, ETF, Interior Department . Offshore drillers, Noble Corporation, Evercore ISI, Pipeline, Williams Companies, Cheniere Energy, Industries, Trump, SLB, New, New York GOP, Environmental Protection Agency, Fox News, Biden, EPA, " Companies, Investors, Department of Energy, CNBC, Exxon Mobil, Exxon, Chevron, White House, Capitol, ISI Locations: China, Gulf of Mexico, Tidewater, Transocean, Gulf, Trump, New York, U.S, Saudi Arabia, Russia, Wells Fargo

☆ The Federal Reserve is trimming rates, and these higher-yielding assets could be called back soon
▼ + stars: | 2024-11-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Federal Reserve last week dialed back interest rates by a quarter point, bringing its target rate range down to between 4.5% and 4.75%. Give and take In addition to buying CDs directly from a bank, investors can also shop for brokered CDs through their brokerage. Indeed, a client holding a 12-month brokered CD with an APY of 4.65% had their instrument called with six more months to go, he said. The Federal Deposit Insurance Corp. backs bank CDs and savings accounts up to $250,000 per depositor and per ownership category. "The time with the brokered CDs has probably come to an end," he said.

Persons: Banks, Marcus, Goldman Sachs, Malcolm Ethridge, There's, noncallable, Ethridge, They're, Dinon Hughes Organizations: Federal Reserve, Capital Area, Vanguard, Nvest, Capital, Federal Deposit Insurance Corp, Treasury, ., Bond, SEC Locations: BTIG, Washington ,, Portsmouth , New Hampshire, Kennebunk , Maine

☆ One week later – A look at the Trump trades gaining momentum and those that are fading
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

The S & P 500 last week scored its best week since November 2023, hitting the 6,000 mark, while the 30-stock Dow Jones Industrial Average climbed above 44,000. Stocks seen as early beneficiaries, among them steelmakers and banks, are losing momentum, while others like Tesla are continuing to climb. Its shares are nearly flat week so far this week. Take a look at the lot: Tesla 's the most popular winner in the group, gaining roughly 21% since Nov. 6, boosted by CEO Elon Musk's close relationship with Trump. Other than Tesla, energy stocks Coterra Energy and Baker Hughes are also moving higher, the latter gaining more than 15% just this month.

Persons: Trump, Donald Trump, Stocks, Tesla, Morgan Stanley, Betsy Graseck, Elon Musk's, Edison Yu, JD Vance, Baker Hughes, Goldman, Citigroup — Organizations: weill, Dow Jones, CNBC Pro, Trump, Caterpillar, Steelmakers Steel Dynamics, JPMorgan, Citizens Financial, Prudential, Republican, Bank of America . Semiconductor, Micron Technology, Arista Networks, Deutsche Bank, Coterra Energy, Bank of America, Citigroup Locations: Wells Fargo

A law enforcement source told NBC News that several branches of the FBI have been deployed, including criminal, cyber and counterintelligence agencies. But the FBI told NBC News that a VPN from another country does not necessarily mean the text messages originated there. Dozens of people across the country have received the racist text messages, including high school and middle school students. She’s among several recipients who were disappointed by the outcome of the presidential election and saw the text messages as salt on an open wound. The association urged anyone receiving spam text messages to forward them to the number 7726 or “SPAM” to report them to their wireless provider.

Persons: ”, Letitia James, Keith Ellison, McCall, Jessica Rosenworcel, Devereaux Adams, Donald Trump, ” Adams, “, Lance Beaudry, TextSpot, ” TextSpot, Beaudry, “ I’m, Liz Murill, Kumi Wolf Kumi Wolf, ” Wolf, Brian Hughes, Trump, Nick Ludlum Organizations: FBI, New York, Minnesota, NBC, NBC News, Federal Communications, Trump, Ohio State University, Clemson University, Louisiana Bureau of Investigation, Messaging Locations: Atlanta, Georgia, South Carolina, Philadelphia, Louisiana, Poland, Michigan

☆ Former CIA officials worry Trump could politicize and weaponize intelligence agencies
▼ + stars: | 2024-11-08 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +11 min

Yet Durham found that no senior FBI or CIA officials had committed crimes. Former intelligence officials disagree on whether Trump would seek to use the spy agencies against domestic political opponents, and if he did, how the intelligence workforce and courts would respond. Presidents face few legal constraints when it comes to their authority over the intelligence agencies, legal experts and former senior officials said. Supporters of Trump say dire warnings about the future of the intelligence agencies under a new Trump administration are hysterical and overblown, and that his record at the White House shows that he strengthened the spy agencies. “And the other is the risk that the intelligence agencies will be directed to do things that are either unlawful or inappropriate.”

Persons: Donald Trump, Kash Patel, MAGA, Gina Haspel, Patel, Trump, Marc Short, Mike Pence, Mike Pompeo, Dan Coats, ”, José Luis Villegas, ” Trump’s, Joe Biden, Brian Hughes, Justice Department —, Vladimir Putin, “, ” Trump, Putin, Devin Nunes, John Ratcliffe, Robert O’Brien, Sen, Marco Rubio, Robert Mueller's, Hillary Clinton, Bill Barr, John Durham, Durham, Steve Bannon, ” Bannon, Nixon, Chip Somodevilla, Trump’s, Glenn Gerstell, ” “, Robert Litt, ” Litt Organizations: Lawmakers, CIA, Justice Department, White House National Security Council, NBC News, “, Texas, FBI, Trump, DOJ, Democratic National Committee, Trump White House, Washington , D.C, National Security Agency, White House, National Intelligence, NBC Locations: Minden, Nev, Russian, Moscow, Helsinki, Devin Nunes of California, Russia, Vietnam, Washington ,, ”, Virginia

☆ Tesla was the top ‘Trump trade’ of the week, along with some energy and financial stocks
▼ + stars: | 2024-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Tesla and a handful of other so-called Trump trades led the market rally this week as investors welcomed the Republican's victory in the presidential election. Excluding stocks that reported earnings this week, some of the best performers were those viewed as tied to Donald Trump 's win. Trump trades can earn that title by being part of sectors such as financials or energy viewed as beneficiaries of his expected shifts away from regulation, among other things. CNBC screened for the Trump trade names that led the index higher this week and did not report earnings. The electric vehicle maker is one of the best-known Trump trades given CEO Elon Musk 's advocacy for the president-elect on the campaign trail.

Persons: Tesla, Donald Trump, Trump, Elon Musk, LSEG, John Murphy, Murphy, Elon Musk's, Baker Hughes Organizations: Trump, Monday, Federal Reserve, CNBC, Bank of America Locations: Texas

“Our Executive Slaves will come get you in a Brown Van,” the message read, “be prepared to be searched down once you’ve enter the plantation.”A text message received by Monét Miller. But that day, with the climate and everything going on, I genuinely felt scared.”Black social media users across the country said they have received text messages similar to Miller’s. Various Clemson University students reported receiving the text messages, prompting a public statement from the school. It is unclear who is behind the mass text messages, what motivated them or how they obtained phone numbers for swaths of Black people. Although college students seem to be the most targeted with the texts, Black people of varying ages have reported receiving the messages.

Persons: Monèt Miller, Donald Trump, “, Monét Miller, Monet Miller Miller, ” Miller, Domonique, ” Valles, “ TextNow, ”, Brian Hughes, Trump, ” Hughes, Corryn Freeman, ” Freeman, John Anthony, ” Anthony, ‘ let’s, Miller Organizations: White, Ohio State University, Clemson University, University of Southern, Missouri State University, NBC News, Kappa Alpha Psi, FBI, U.S . Department of Justice, & Safety, Police, “, NAACP, Democrats weren’t, Black Republican, Federal Communications Commission Locations: Atlanta , Georgia, Brown, South Carolina, University of Southern California, Domonique Valles, Virginia, Fort Lauderdale , Florida, Illinois, Trump

☆ Trump allies, private sector quietly prepare for mass detention of immigrants
▼ + stars: | 2024-11-07 | by ( Priscilla Alvarez | Alayna Treene | ) edition.cnn.com time to read: +7 min

The federal government contracts with the private sector to build, operate and manage detention facilities, and works with county jails. ICE Enforcement and Removal Operations has generally been underfunded and has previously had to reprogram funds to expand detention space, especially during border surges. “They would need to be aggressive to make sure they don’t have to reprogram,” one former senior ICE official said, citing the upcoming budget cycle. They can move relatively quickly,” the former senior ICE official said, adding that deportations can be challenging with certain countries. Still, some in the department’s immigration enforcement agencies welcomed Trump’s win.

Persons: Donald Trump’s, Joe Biden, Jason Miller, they’ve, Obama, Tom Homan, “ It’s, ” Homan, “, We’ll, Brian Hughes, Trump, ” Hughes, ”, John Sandweg, “ Shell, Biden, Trump’s Organizations: CNN, Immigration, Customs, CBS News, Trump, White, “, Democratic, Republican, ICE, Health, Human Services Department, DHS, Department of Homeland Security, Homeland Security, Democrats, Biden Locations: United States, “, Mexico, Central America

West Palm Beach, Florida CNN —Donald Trump began his political comeback when many in his own party wanted him to go away. A lineup of former allies, including Trump’s first vice president, Mike Pence; ex-political protege Florida Gov. Trump’s political team seized on their change in fortune, selling T-shirts with his mug shot and consolidating support throughout the country. Trump’s campaign had made substantial gains among every demographic his campaign set out to find new votes. “They came from all quarters: Union, nonunion, African American, Hispanic American, Asian American, Arab American, Muslim American,” Trump said in his victory remarks.

Persons: Palm Beach , Florida CNN — Donald Trump, underwhelmed, Trump, “, ” Trump, Jill Stein, ”, Brian Hughes, Susie Wiles, Chris LaCivita, Trump’s, Susie, Chris, Joe Biden, Rather, Kamala Harris, Mike Pence, Ron DeSantis, Nikki Haley, —, Wiles, Palm Beach . Wiles, Haley, Joe Rogan —, Alex Bruesewitz, Barron, Biden, Ronna McDaniel, McDaniel, James Blair, “ We’re, Charlie Kirk, Elon Musk, Musk, Kirk, CNN’s David Wright Organizations: Palm Beach , Florida CNN, White, Sun, Republican, Detroit, Green, Democratic, Republican Jewish Coalition, Electoral, Republican Party, GOP, Gov, United, Nazi, Mar, Michigan autoworkers, Social Security, CNN, RNC, Trump, America PAC, Musk’s, Madison Locations: Palm Beach , Florida, Palm Beach, Midwest, Israel, Florida, Trump, American, Iowa, Vermont, Washington, DC, Michigan, Bronx, Nevada, Philadelphia, Arizona, Puerto Rico, Arab

Tech billionaire Elon Musk and his business empire stand to reap massive rewards if former President Donald Trump returns to the White House. Elon Musk joins former US President Donald Trump during a campaign event in Butler, Pa., on Oct. 5, 2024. “I love Elon Musk,” Trump said at a rally in July. It’s not clear how Musk and Trump would navigate the ethical questions around a possible government role for the tech billionaire. “He would be in much less trouble in a Trump administration because Trump shares his hostility to regulation and regulators,” Richard Pierce, a law professor at George Washington University specializing in government regulation, told NBC News in an interview earlier this year.

Persons: Elon Musk, Donald Trump, Musk, Trump, Vladimir Putin, SpaceX, ” Musk, Brian Hughes, ”, ” Hughes, Justin Merriman, ” Trump, “, walling, Kamala Harris, Harris, Biden, Larry Krasner, ” Richard Pierce, John Raoux, Angela Aneiros, ” Aneiros, Tesla, There’s, SpaceX countersued, • Tesla, ” SpaceX, Starlink, Justice Department —, Tucker Carlson, Carlson, he’s, SpaceX’s, Kamala Organizations: Tech, Trump, Musk’s, SpaceX, China —, U.S, Wall Street, NBC News, Boeing, Fox News, Bloomberg, Getty Images Trump, D.C, Trump Organization, Budget, America PAC, Philadelphia, George Washington University, Tesla, Co, Kennedy Space Center, Gonzaga University, university’s Center of Law, & Commerce, Justice Department, National, Traffic Safety Administration, Securities and Exchange Commission, Street, Justice, Employment, Commission, National Labor Relations Board, SEC, Twitter, Federal Communications Commission, Federal Aviation Administration, FAA, Safety, Health Administration, NLRB, Reuters, Defense Department, NASA, International, White, National Space Council Locations: China, United States, Taiwan, Ukraine, Washington, Trump’s, Pennsylvania, Butler, Pa, Palm Beach , Florida, Texas, California, Cape Canaveral, Fla, Los Angeles, Austin, Mars

☆ Energy demand is rising, Baker Hughes CEO says
▼ + stars: | 2024-11-05 | 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 EmailEnergy demand is rising, Baker Hughes CEO saysLorenzo Simonelli, Baker Hughes CEO, discusses the energy outlook for different regions, and says "the increase in energy demand is there, and we're going to see activity continue to increase."

Persons: Baker Hughes, Lorenzo Simonelli Organizations: Email Energy

The fee turned up in September 2019, after Trump placed 25% tariffs on steel, and hasn’t gone away since. So far, the tariffs in force under both White Houses have cost Americans $79 billion, the nonpartisan Tax Foundation estimated this summer. The nation’s roughly 33 million small businesses employ nearly half the nation’s workers and generate more than 43% of the gross domestic product, the U.S. Chamber of Commerce estimates. “Whether we like it or not, Asia is the bike manufacturing hub of the world,” said Zagata, who raised prices by between 18% and 22% after the Trump tariffs took hold. San Diego-based entrepreneur Nichole MacDonald said profit margins for her patented, 10-pocket Sash Bag have been thinning in recent years as material and freight costs have jumped, and tariffs aren’t helping.

Persons: Donald Trump, Chris Smith, Trump, hasn’t, Smith, ”, Biden, —, who’ve, Erica York, Julia Demaree Nikhinson, they’re, Jonathan Gold, Gold, “ they’ve, Ryan Zagata, Zagata, he’d, Felix Tintelnot, Trump’s, ” Trump, Brian Hughes, Nichole MacDonald Organizations: Virginia Beer Co, Constellation Brands, Corona, Trump, Foundation, Tax, National Retail Federation, U.S . Chamber, Commerce, Brooklyn Bicycle Co, GOP, Duke University, “ Locations: Williamsburg , Virginia, U.S, China, Modelo, Mexico, New York City, Asia, York, Germany, Diego, India

☆ After six years of tariffs, small-business owners aren't eager for more
▼ + stars: | 2024-11-01 | by ( Alexandra Byrne | ) www.cnbc.com time to read: +9 min

The fee turned up in September 2019, after Trump placed 25% tariffs on steel, and hasn't gone away since. Small-business owners have already been facing tariffs on billions of dollars of goods, most of them from China, implemented by Trump in 2018. So far, the tariffs in force under both White Houses have cost Americans $79 billion, the nonpartisan Tax Foundation estimated this summer. The nation's roughly 33 million small businesses employ nearly half the nation's workers and generate more than 43% of the gross domestic product, the U.S. Chamber of Commerce estimates. "Whether we like it or not, Asia is the bike manufacturing hub of the world," said Zagata, who raised prices by between 18% and 22% after the Trump tariffs took hold.

Persons: Donald Trump, Chris Smith, Trump, hasn't, Smith, Biden, —, who've, Erica York, they're, Jonathan Gold, Gold, they've, Ryan Zagata, Zagata, he'd, Felix Tintelnot, Trump's, Brian Hughes, Nichole MacDonald, MacDonald, Kamala Harris, it's, Sara Hauman, isn't, doesn't Organizations: Albuquerque, Virginia Beer Co, Constellation Brands, Corona, Trump, Foundation, Tax, National Retail Federation, U.S . Chamber, Commerce, Brooklyn Bicycle Co, GOP, Duke University Locations: Albuquerque , New Mexico, Williamsburg , Virginia, U.S, China, Modelo, Mexico, New York City, Asia, York, Germany, Diego, India, America, Portland , Oregon, West Coast

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