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"We have seen basically what people are calling the 'Trump Pump,'" Robinhood CEO Vlad Tenev said on "Squawk Box." Crypto markets have rallied sharply since the election of Trump, with bitcoin hitting record highs near $90,000. "There's widespread optimism that the Trump administration, which has stated that they wish to embrace cryptocurrencies and make America the center of cryptocurrency innovation worldwide, is going to have a much more forward-looking policy towards this new industry," Tenev continued. The Biden administration's Securities and Exchange Commission, led by Chairman Gary Gensler, took a combative stance toward crypto, with regulators taking legal action against several leading crypto firms, including Coinbase. But Trump appeared to welcome support from the crypto industry during his campaign, including speaking at the Bitcoin Conference earlier this year.
Persons: Donald Trump, Vlad Tenev, Trump, Tenev, Gary Gensler, Brian Armstrong Organizations: CNBC, Trump, Biden administration's Securities, Exchange Commission, Bitcoin Locations: America, U.S
CNN —Israeli Prime Minister Benjamin Netanyahu has fired Defense Minister Yoav Gallant after months of clashes over domestic politics and Israel’s war efforts. In a recorded statement Tuesday evening, Netanyahu said that “trust between me and the minister of defense has cracked.”Israel Katz, currently the foreign minister, will become defense minister. Gideon Sa’ar will replace Katz as foreign minister, the prime minister’s office said Tuesday. Thomas Koehler/picture-alliance/dpa/APSa’ar, whom Netanyahu has tapped for foreign minister, is thought to be an influential interlocutor to the ultra-Orthodox parties. I will not facilitate this.”Netanyahu said he would fire the defense minister, but reversed his position following pressure.
Persons: Benjamin Netanyahu, Yoav Gallant, Netanyahu, ” Israel Katz, Gideon Sa’ar, Katz, Gallant, Lloyd Austin, ” Netanyahu, , , Bibi, ” Gallant, Israel Katz, Thomas Koehler, ensnare Netanyahu, Itamar Ben Organizations: CNN, Israeli, US, Israel Defense Forces, ” Israel's, AP, National, Hamas Locations: United States, Israel, Iran, Jerusalem, Tel Aviv, Gaza, Egypt
Opinion | How Bad Do You Want It, Ladies?
  + stars: | 2024-10-26 | by ( Maureen Dowd | ) www.nytimes.com   time to read: +1 min
“This election is gonna come down to probably 120,000 votes,” Ari said. “You probably have 60 percent of the male vote for Trump, and the female vote is 60-40 for Kamala. The women, especially young women, who are appalled at the cartoonish macho posturing and benighted stances of Donald Trump and his entourage? Or the men, including many young men, union men, Latino and Black men, who are drawn to Trump’s swaggering, bullying and insulting, seeing him as the reeling-backward antidote to shrinking male primacy. Drilling into the primal yearnings of men and women — their priorities, identities, anger and frustration — makes this election even more fraught.
Persons: Rahm Emanuel, Ari, Matthew Belloni, ” Ari, , Kamala, It’s, Donald Trump, Trump’s, Cassandra Organizations: Hollywood, Trump
Cards Against Humanity filed a lawsuit against Elon Musk's SpaceX for trespassing on its Texas land. The company says Musk and SpaceX are getting rich from property they didn't get permission to use. The company originally purchased the land to muddle Donald Trump's border wall plan. AdvertisementThe maker of one of the world's most offensive card games says Elon Musk and his company, Space X, have offended it. Cards Against Humanity, the company behind the humorous and often inappropriate card game with the same name, is suing Musk's SpaceX for trespassing on its land in Texas, according to a lawsuit filed in Cameron County.
Persons: muddle Donald, , Elon Musk, Donald Trump's Organizations: Elon, SpaceX, Service, Business Locations: Texas, muddle, muddle Donald Trump's, Cameron County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'4-8 trillion RMB' needed in the hands of Chinese consumers to stimulate the economy: BarclaysAjay Rajadhyaksha of Barclays breaks down the problems facing the Chinese economy and says that the government and central bank will continue to "muddle along" in trying to boost the country's economy.
Persons: Barclays Ajay Rajadhyaksha Organizations: Barclays
CNN —Close your eyes and imagine a stand-up comedian. Today, female comics are more likely to be seen in vintage Versace, Gucci or Alessandra Rich than a denim button-down. To the uninitiated, Barone wore a sparkly silver dress. Dev Bowman“For a long time, female comedians were pressured into dressing like their male counterparts,” said Barone. “I don’t want it to seem like I’m saying I’m the first person to ever wear a dress to do stand up comedy,” she said.
Persons: Versace, Gucci, Alessandra Rich, ” Ziwe, George Santos, Jean Paul Gautlier, Ayo Edibiri, , Loewe, Thom Browne, Rachel Sennott, Maya Rudolph, Mary Beth Barone, Barone, Kate Moss, Naomi Campbell, Moss, , Instagram, Barone nodded, ” Barone, Jimmy Fallon, Tom Ford, De, Dave Benett, Sidewalkkilla Barone, Todd Owyoung, Britney Spears, Mary, Kate, Ashley Olsen, Paris, Mary Beth Barone Cat Cohen, , ’ ”, Cohen, Kelsely Randall, Chloe, Halle Bailey, Kelsey, aren’t, Phyllis Diller, Jean Carroll, Joan Rivers, Rivers, Midge Maisel, Maisel, Catherine Cohen, Dev Bowman, ” Cohen, ” Margaret Cho —, Betsy Johnson, Todd Oldham, Gemma Kong, Andrew Dice Clay, Louis C.K, ” Cho, ” Margaret Cho, Jay Leno, Margaret Norton, Cho, Ron Galella, Karen Kilgarriff, Janeane Garofalo, Kim Gordon’s, Janeane, Karen, Harry Styles, Forbes earnt Styles, Edebiri, It’s, ” Barone —, Dior Organizations: CNN, YouTube, Sydney, De Beers, NBC, Paris Hilton, Netflix, Globe, MTV, Hollywood Locations: New York, LA
"But do we really need eight reserve bottles of dish soap?" "It's dish soap," she pointed out. "You always need dish soap." After 24 years of marriage, we have found a hobby to renew our bond and a new journey to embark on together. But for now, we are united in our mission, and by the bittersweet realization that we never need to buy dish soap again.
Persons: Overstuffed, it's, David Byrne, It's, decluttering Organizations: Service Locations: There's
Midyear is a good time to assess investing strategy, looking back at where the markets have been and ahead at prospects for the second half. Looking back at returns over the last six to 12 months will be enjoyable for many people because the stock market, the main engine for most investment portfolios, has performed splendidly. But with American politics in a muddle, any market outlook for the second half of the year is a leap into the unknown. Fortunately, when I put on my investing hat, I try to ignore market forecasts and politics. Academic research suggests that sticking to a long-term plan using broad, low-cost index funds that track the world’s stock and bond markets makes sense for most people, most of the time.
But Congress may not criminalize the President’s conduct in carrying out the responsibilities of the Executive Branch under the Constitution. Juries can’t even consider official acts in terms of a prosecution, according to the Supreme Court. This case poses a question of lasting significance: When may a former President be prosecuted for official acts taken during his Presidency? She said they could easily have expressed that some of Trump’s conduct was unofficial. Sorting private from official conduct sometimes will be difficult—but not always.
Persons: Donald Trump’s, Trump, John Roberts, Here’s Roberts, , Roberts, , , Jack Smith’s, John Sauer, Amy Coney Barrett, Barrett, Mike Pence, Pence, they’re, George Washington’s, Smith, Clarence Thomas, , , Sonia Sotomayor, Trump’s, Sotomayor Organizations: CNN, Trump, Branch, Capitol, Supreme, Government, Founders Locations: Washington ,, Washington, United States
What Will Biden Donors Do Now?
  + stars: | 2024-07-01 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
Donors still on edgeThe shock waves from last week’s presidential debate are still reverberating, as President Biden and his aides sought to allay concerns from despondent Democrats and wealthy donors about his age and fitness for office. Donors are increasingly becoming reconciled to Biden remaining the Democratic nominee even after Biden’s disastrous performance. But some in the party, and in the markets, are increasingly expecting Donald Trump to win in November. Seventy-two percent of registered voters don’t believe Biden has the mental and cognitive health to serve as president, according to a CBS News poll published Sunday, compared with 65 percent in early June. With the odds for a Trump win rising after the debate, Wall Street analysts are recalculating what that could mean for the economy and the markets.
Persons: Biden, Donald Trump, don’t, Trump Organizations: Democratic, CBS, Trump, Wall Street
Economists at Bank of America warned this week that the US housing market is “stuck and we are not convinced it will become unstuck” until 2026 — or later. And mortgage rates may not fall much — even if the Federal Reserve finally delivers long-delayed interest rate cuts. There isn’t a magic fix,” Michael Gapen, head of US economics at Bank of America, told CNN in a phone interview. However, Bank of America expects housing starts — which is a measure of newly constructed homes — to remain flat for the coming years. Divide between haves and have-notsThe forecast for a “stuck” housing market cuts both ways.
Persons: unstuck, , Michael Gapen, “ It’s, , , Dave Liniger, ” Liniger, Liniger, “ Don’t Organizations: New, New York CNN, Bank of America, Federal Reserve, CNN, , ” Bank of America, Gallup Locations: New York, America
That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.
Persons: Emmanuel Macron, , we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman coalition government will continue to 'muddle through,' Jörg Asmussen saysJörg Asmussen, former ECB board member and former German deputy finance minister, discusses the outcome of the EU election in Germany.
Persons: Asmussen, Jörg Asmussen Organizations: ECB Locations: Germany
AdvertisementWarning: Spoilers for the first four episodes of "Bridgerton" season 3 and the book "Romancing Mr. Bridgerton" ahead. AdvertisementHannah Dodd as Francesca Bridgerton on season three, episode two of "Bridgerton." Season 3 should've built on 'Queen Charlotte' moreQueen Charlotte and Lady Danbury are underutilized so far in season three. Cressida's story is one of the best parts of the season so farCressida Cowper is given more depth in "Bridgerton" this season. "Bridgerton" season three, part two premieres June 16 on Netflix.
Persons: , Caralynn Matassa, Palmer Haasch, Adekaiyero —, Bridgerton, Penelope, Colin, schtick, Luke Newton doesn't, Luke, Caralynn, Jonathan Bailey, Palmer, that's, I'm, Eloise, Cressida, Debling, Lord Debling doesn't, Polin, they've, he's, Liam Daniel, Netflix Palmer, — they're, Kanthony, Anthony, Kate, Anthony didn't, Daphne, Simon, Benedict whoring, Benedict, Lady Tilley Arnold, Lady Tilley, Francesca, John, Kilmartin, Hannah Dodd, Francesca Bridgerton, Fran, Hannah, Violet, Claudia Jessie, I've, Charlotte, Lady, Laurence Cendrowicz, Lady Danbury, Queen Charlotte, Golda Rosheuvel, they'd, Danbury, Lord Marcus, Lady Danbury haven't, Lady Featherington, Lord Debling, Featherington, Polly Walker, it's, Will Mondrich, Mondrich, Jean Page's, Alice, Will, doesn't, Cressida Cowper, Lady Whistledown, we've Organizations: Service, Business, , Netflix Locations: Polin's, Lady Danbury, Queen, Lady, India
Famed investor Warren Buffett's Berkshire Hathaway placed a $2.7 billion bet on Paramount in 2022. But when someone who's worth an estimated $132 billion says "quite a bit of money," it's probably a very big amount. The math: In 2022, Berkshire accumulated 91 million shares of Paramount B shares; Barron's estimates he paid "more than $30" per share. AdvertisementThat left Berkshire with another 63.3 million Paramount shares at the beginning of 2024, and sometime between then and Saturday they have sold off the rest. Add all that up, and it looks like Berkshire sold its Paramount stake for $1.2 billion after paying $2.7 billion for it — a $1.5 billion loss.
Persons: Warren Buffett's Berkshire Hathaway, hasn't, — Buffett, , Warren Buffett, Berkshire Hathaway, Buffett, we've, Berkshire Hathaway hasn't, Berkshire Organizations: Paramount, Service, Sony, Apollo, Berkshire, Bloomberg Locations: Berkshire
Invigorating growth is critical: When the economy expands, it improves standards of living, promotes innovation and makes households wealthier. Economic growth in Spain and France was stronger than expected last year. But the US is outperforming mainly for one key reason: Robust productivity growth. Productivity growth came in well below expectations in the first three months of the year, according to Labor Department data released last week. A “course correction” isn’t an even stronger US economy: Economic policymakers around the world need to address a range of key issues.
Persons: ” Kristalina Georgieva, ” Georgieva, ” Stephen Gallagher, Gallagher, , , Hande Atay Alam, Recep Tayyip Erdogan, Israel Katz, John Williams, Neel Kashkari, Lisa Cook, Krispy Kreme, John’s, Austan Goolsbee Organizations: Washington CNN, Monetary, IMF, European Central Bank, Labor Department, Societe Generale, CNN, Reuters, Palantir Technologies, Tyson Foods, Marriott Worldwide, New York Fed, Disney, UBS, Duke Energy, Suncor, Bros, Minneapolis, Toyota, Uber, Anheuser, Busch InBev, Airbnb, Fox Corporation, News Corporation, Duolingo, Icahn Enterprises, New York Times Company, AMC Entertainment, Honda, Warner Bros Discovery, Warner Music Group, Hyatt, Hilton, Bank of England, US Labor Department, United Kingdom’s, National Statistics, University of Michigan, . Chicago Fed, China’s National Bureau of Statistics Locations: Europe, China, United States, Spain, France, Russia, Ukraine, Turkey, Israel, Gaza, Olesya, “ Turkey, Lyft, TripAdvisor
Well, I basically agreed with President Biden’s remarks today about the campus protests. Which, come to think of it, is probably a bad sign for him. This is more or less the position several colleges have been spotlighting in recent weeks. That said, it seems unlikely Biden’s words will impress much of anyone, and certainly no one already worked up about the situation. Plenty of young people, upset by his policies in Gaza and further upset by the rough response to protesters by some colleges, are likely to see it as a weak dodge.
Persons: Biden’s, it’s Locations: Gaza
What the First Amendment Means for Campus Protests
  + stars: | 2024-05-01 | by ( Alan Blinder | ) www.nytimes.com   time to read: +1 min
Follow our live coverage of the college protests at U.C.L.A. But many legal scholars, along with university lawyers and administrators, believe at least some of those free-speech assertions muddle, misstate, test or even flout the amendment, which is meant to guard against state suppression. Whose interpretation and principles prevail, whether in the courts or among the administrators in charge of meting out discipline, will do much to determine whether protesters face punishments for campus turmoil. The First Amendment doesn’t automatically apply at private schools. Public universities, as arms of government, must yield to the First Amendment and how the courts interpret its decree that there shall be no law “abridging the freedom of speech” or “the right of the people peaceably to assemble.”
Persons: , Organizations: Protesters, Public Locations: U.C.L.A
If the 10-year bond rate goes up 2%, every asset on the planet, including real estate, is worth 20% less. Advertisement"If things stay where they are, we have the soft landing that seems to be embedded in the marketplace, the real estate will muddle through. They won't muddle through under higher rates with a recession. That would be tough for a lot of folks, not just real estate, if that happens." Jeenah Moon / Reuters"We're in a period that comes after financial repression, where we'll have some inflation and some real rates.
Persons: , Wall, shouldn't, Jamie Dimon, I'm, David Solomon, Goldman Sachs, Jane Fraser, Julian Restrepo, Larry Fink, Stephen Schwarzman, Ted Pick, Morgan Stanley, Jeenah, Michael Santomassimo, Wells, Alistair Borthwick, that's Organizations: Service, Wall Street's, Business, titans, JPMorgan, Citigroup, AP, BlackRock, Blackstone, Bank of America Locations: East, Ukraine
The result of the court's 2022 decision has been a patchwork of anti-abortion laws in GOP-leaning states, while blue states have largely become havens for abortion rights. Biden's support for abortion rights is already well-established, but Trump in recent months has sought to soften his position on the issue. Despite the pro-Trump push on abortion, Kennedy Jr.'s position on reproductive rights hasn't been as clear as Biden's stance. In a February interview with The Washington Post following a controversial Alabama IVF court ruling, Kennedy Jr. said he felt that women "have the right to choose" regarding abortion. When Kennedy Jr. was asked what he'd do to shore up reproductive rights as president, he told The Post: "I don't know, you tell me.
Persons: , Joe Biden, Wade —, Donald Trump, Trump, Robert F, Kennedy Jr, Biden, Jill Stein, Mike Pence, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett, Ron DeSantis, hasn't Organizations: Service, Democratic, The New York Times, Business, Green Party, Times, Trump, The Times, GOP, Florida Gov, Washington Post Locations: Michigan, Israel, Gaza, Indiana, Florida, Alabama
In the 388-page report released last month, Hur concluded that Biden mishandled and improperly disclosed classified information after leaving the vice-presidency. But Hur said that he didn’t believe there was enough evidence to charge Biden with a crime. According to the transcript, Biden asks aloud when he was vice president, as he tried to recall timelines. “Remember, in this time frame, my son is either deployed or is dying,” Biden said, according to the transcript. The transcript shows investigators at times seeming to struggle to keep control, as Biden used up time with long answers.
Persons: Joe Biden, Robert Hur, Biden, Beau died, , , Hur, weren’t, Biden’s, South Carolina Republican Sen, Lindsey Graham, ” Biden, Beau, Obama, Hillary Clinton, Trump, ” Hur, don’t, didn’t, Steve Ricchetti, segued, I’d, Organizations: CNN, The, White, FBI, South Carolina Republican, US Naval Observatory, Naval Locations: Mongolia, Afghanistan, Delaware, Virginia
JPMorgan Chase CEO Jamie Dimon thinks there's a better-than-even chance that the U.S. is heading for a recession, though he doesn't see systemic issues looming. "The market is kind of pricing in a soft landing. Along with the elevated rates, markets have had to contend with the Federal Reserve rolling off its bond holdings, a process known as quantitative tightening. But they will play out and they will have an effect and in my mind I'm just kind of cautious about everything." Higher interest rates along with a recession could hit areas such as commercial real estate and regional banks hard, but with limited macroeconomic impacts, Dimon said.
Persons: Jamie Dimon, there's, Dimon, CNBC's Leslie Picker Organizations: JPMorgan, Conference, Federal Reserve, Silicon Valley Bank, New York Community Bank, CNBC PRO Locations: Miami, U.S, Silicon
The intimidating myth of an all-powerful military in Pakistan has been smashed in public view. Now comes another searing rebuke: Voters turned out in droves this month for candidates aligned with the expelled leader, Imran Khan, despite a military crackdown on his party. The political jockeying and unrest have left Pakistan, already reeling from an economic crisis, in a turbulent muddle. But one thing is clear: The military — long respected and feared as the ultimate authority in this nuclear-armed country of 240 million people — is facing a crisis. Its rumblings can be heard in once unthinkable ways, out in the open, among a public that long spoke of the military establishment only in coded language.
Persons: Imran Khan, Khan’s, Locations: Pakistan
When I first met my new coworker, Quent — a tall guy in glasses — I thought he was cute. But I had a live-in boyfriend , and Quent was just a few months divorced from a woman he’d met in the office. I suppose I shouldn’t have been surprised when Quent eventually started dating someone new in our office social circle. “Just as friends,” we planned a weekend ski trip to Breckenridge with a colleague and her husband. AdvertisementToday, do I care that I was the fourth — and final — in the line of girls he dated at work?
Persons: , Quent, he’d, I’d, , , me, we’d, we’re Organizations: Service, Business Locations: Denver, Australia, Breckenridge, Moab, Hawaii, Colorado
President Vladimir V. Putin of Russia kept returning to one message over and over in his meandering, two-hour interview with the former Fox News host Tucker Carlson: Russia wants to negotiate a peace deal in Ukraine, albeit on the Kremlin’s terms. That message seemed aimed at the American right and Republicans in Congress, with an eye to undermining support for aid to Ukraine. If so, the day after the long-anticipated interview, it seemed lost in the muddle. The Russian leader’s discursive historical diatribes, delving into everything from the Rurik dynasty to the Golden Horde, dominated commentary about the interview online and overshadowed the message he intended to deliver. In Russia on Friday, experts and even some of Mr. Putin’s allies were also puzzling over why he gave short shrift to his main ideological commonality with Mr. Carlson’s followers: opposition to L.G.B.T.Q.
Persons: Vladimir V, Putin, Tucker Carlson, Rurik, Putin’s, Carlson’s Organizations: Fox News, Golden Horde Locations: Russia, Ukraine
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