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☆ Ukraine latest: Bad news mounts for Ukraine across the frontlines. But Russia is under pressure too
▼ + stars: | 2024-11-16 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +7 min

Russia is making gains at key spots along the frontlines of eastern and southeastern Ukraine, while unleashing wave after wave of aerial terror against Ukrainian cities. … You just get boxed into a corner and you have to choose from a buffet of bad options,” Barros added. Taking over Kupiansk would make it a lot easier for Russia to push further into the Kharkiv region. Ukraine has put up a fierce fight in the area in recent months, even though it has lost some ground. Pokrovsk has been a target of Russia for months as it seeks to capture eastern Ukraine.

Persons: Volodymyr Zelensky, “, ” George Barros, Barros, That’s, …, ” Barros, Kupiansk, Zelensky, Pokrovsk, Diego Fedele, they’ve, “ It’s, ”, that’s, Vladimir Putin’s, Putin, Donald Trump, Trump Organizations: CNN, Institute for, Geospatial Intelligence, Kyiv, Ukrainian, Russian Central Bank, Western Locations: Moscow, Russia, Ukraine, Russian, Kursk, Ukrainian, Kupiansk, Kharkiv, Ukraine’s, Kurakhove, Pokrovsk, crosshairs, Avdiivka, North, United States

☆ 10 House races to watch on election night (and beyond)
▼ + stars: | 2024-11-03 | by ( Terence Burlij | ) edition.cnn.com time to read: +17 min

With so much at stake, CNN has identified 10 races to watch on Tuesday – grouped into buckets that nod to broader themes across the House landscape. Democratic Rep. Abigail Spanberger decided against seeking a fourth term, instead launching a campaign for governor in 2025. Democratic Rep. Jared Golden has crafted a moderate profile by challenging his party on issues ranging from spending to immigration. This year she faces a challenge from GOP state Rep. Gabe Evans, a fellow Mexican American and a former Army helicopter pilot and police officer. GOP Rep. Zach Nunn, an Air Force officer, was first elected in 2022 – defeating Democratic Rep. Cindy Axne by about 2,000 votes.

Persons: CNN —, Mike Johnson, Hakeem Jeffries, Donald Trump, Kamala Harris, Eugene Vindman, Derrick Anderson, Abigail Spanberger, Biden, Vindman, Anderson, Trump’s, Alexander –, Volodymyr Zelensky, Jen Kiggans, Missy Cotter Smasal, Don Bacon, Tony Vargas, –, Joe Biden, Brad Ashford, Bacon, Vargas, Harris, Jared Golden, Austin Theriault, Golden, Theriault, Elissa Slotkin’s, Curtis Hertel, Tom Barrett –, Barrett, Gretchen Whitmer, Michigan’s, Dan Kildee, Yadira Caraveo, Gabe Evans, Hyoung Chang, Yadira, Evans, Scott Perry, Janelle Stelson, Stelson, Josh Shapiro, Perry, Marc Molinaro, Josh Riley, Sen, Al Franken, Trump, Michelle Steel, Derek Tran, Don Davis, Davis, Laurie Buckhout, Zach Nunn, Cindy Axne, Lanon Baccam, CNN’s David Wright, Matt Holt, Molly English, Renée Rigdon, Andrew Menezes Organizations: CNN, Congress, Republicans, GOP, Louisiana Republican, New York Democrat, White, Republican, Democratic, Labor, Army, National Security Council, NSC, Biden, Nebraska Rep, GOP Rep, Air Force, Democrats, Electoral College, Harris, Capitol, Trump, Marine Corps, Trump voters, NASCAR, Democrats outpacing Republicans, Republican Democratic Rep, Army helicopter, Slotkin, Hertel, CIA, Central Michigan, Colorado Rep, Denver Post, crosscurrents, Colorado, Latina, Caucus, – Trump, MAGA, Empire, Democrats outspending Republicans, District :, US Army, North, North Carolina –, an Air Force, Iowa’s, Dallas County, US Department of Agriculture Locations: Louisiana, Virginia’s, Washington, Virginia, District, Virginia Beach, Omaha, Maine’s, Canada, Lewiston –, AdImpact, Michigan’s, Michigan, Lansing, Central, Denver, exurbs, Mexican, Aurora, Central Pennsylvania, New York, Empire, Hudson, It’s, California’s, District : California, California, Orange, Los Angeles, Korean, North Carolina’s, North Carolina, Alabama, Iowa’s, Des Moines, Laos

Ad views per household For presidential and non-presidential TV ads, Aug. 1 to Oct. 25 Ads for Harris Ads for Trump Other Dem. Ads for Harris Ads for Trump Alaska Fla. Other Dem. Hawaii Ad views per household For presidential and non-presidential TV ads, Aug. 1 to Oct. 25 Other Rep. ads Ads for Harris Ads for Trump Other Dem. Alaska Fla. Hawaii Ad views per household For presidential and non-presidential TV ads, Aug. 1 to Oct. 25 Ads for Harris Ads for Trump Other Dem. TV ad views Ads for Harris Ads for Trump Other Dem.

Persons: Harris, Idaho Conn, Mo ., Kamala Harris, Donald Trump, outspending Mr, Trump, ”, Lynn Vavreck, Ruben Gallego, Republican Kari Lake, Ted Cruz, Colin Allred, ’, Erika Franklin Fowler, ” Fowler, FiveThirtyEight, Vavreck, John Sides, Christopher Warshaw, David Broockman, Ms, Willie Horton, George H.W, Bush, Hillary Clinton Organizations: Won, Harris Ads, Trump Other, ., Ind, Delaware ., W.Va, Trump Alaska Fla, AdImpact, Comscore, Democratic, Republican, Google, Wesleyan Media, Democrat, Democrat Independent, Neb . Ohio Texas Ariz, Democrats ’, Senate, Wesleyan University, Democrat Republican, Pa, Colo ., Colo, Iowa, Health, Harris Trump Immigration, Security, ’, Republicans, Mr Locations: Maine, . Vt, Minn, N.Y, Conn, Mich, Wis . Iowa Ohio, . Pa, R.I . Ill, Del, Mo, Ky . Va . Md, N.C, Tenn, Ark, New Jersey, Delaware, S.C . Miss ., La, Fla, Georgia, Trump . Montana, Mont, N.D, Ore . Idaho, Neb, Nev . Utah Colo, Calif, Kan, Ariz . Texas Alaska Hawaii Montana, N.H . Vt, Ore, Idaho, S.D, Wis, Wyo, R.I . Iowa Ohio, Delaware . Ind, Ill . Utah Colo, Mo . Kan . Va . Ky . Md, N.M, Okla . Tenn, . Ala, Texas, Trump . Hawaii, Mass, S.D . Mich, Wyo . Iowa Ohio, Nev . Ill, Ind . Utah Colo, Mo . Kan, Texas La, Alaska Fla, Hawaii, Ala, Ariz . Texas Alaska Hawaii, Trump’s, Philadelphia, Pennsylvania, — Montana , Ohio, Pa . Wis . Ohio, . Texas, Nev, Neb . Ohio, Pa, Arizona, Alaska, Iowa, Va, Berkeley, Siena

☆ The crypto industry has spent millions this election. Here's what it hopes to get in return.
▼ + stars: | 2024-10-27 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +6 min

The crypto industry has spent tens of millions on pro-crypto candidates this election cycle. Crypto companies, executives, and super PACs have spent huge sums this election cycle, outspending even perennial big spenders like the Koch family, according to Federal Election Commission filings. The crypto industry has outspent every other industry, injecting almost $120 million into federal races as of August, according to OpenSecrets, a nonprofit that tracks campaign spending. AdvertisementTrump, who once called crypto a scam, has more recently fueled hope that he'd be good for crypto entrepreneurs. Richardson said Exodus also donated $1.3 million to Stand With Crypto, an advocacy organization that focuses on voter registration and informing people about political candidates who support crypto.

Persons: Donald Trump, Kamala Harris, —, Koch, Faireshake, OpenSecrets, Fairshake, — Sen, Katie Porter, Jamaal Bowman, Cori Bush —, Democratic Sen, Sherrod Brown, Republican Bernie Moreno, Crypto, Moreno, JP Richardson, Trump, there's, Gary Gensler, Gensler, Richardson, Harris, Barry DiRaimondo, DiRaimondo, we're, Exodus Organizations: Service, Democratic, Republican, Industry, Business, Securities and Exchange Commission, Trump, SEC, Crypto, New York Stock Exchange Locations: Ohio, America, Nashville

☆ How Liberty Media became one of the world's most valuable sports empires
▼ + stars: | 2024-10-21 | by ( Chris Hawes | ) www.cnbc.com time to read: +4 min

Charles Leclerc of Monaco driving the (16) Ferrari SF-23 on track during practice ahead of the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 17, 2023 in Las Vegas, Nevada. Mark Thompson | Getty Images Sport | Getty ImagesWhen Liberty Media Chairman John Malone finalized the $4.4 billion acquisition of Formula One in 2017, he knew he was onto something. Mark Thompson | Getty Images Sport | Getty ImagesEvening out the field created more exciting story lines, which Netflix seized on. But to crack America, F1 needed a spectacle, and the 2023 Las Vegas Grand Prix would provide it. Mark Thompson | Getty Images Sport | Getty Images

Persons: Charles Leclerc of Monaco, Ferrari, Mark Thompson, John Malone, Fred Vasseur, — Ferrari, Red Bull, Mercedes AMG, Zak Brown, CNBC's, Max Verstappen, Stuart Pringle, Malone, Brown, Stefano Domenicali, Alexander Albon, Williams FW45 Mercedes, Kevin Magnussen, Haas, Autodromo Jose Carlos Pace Organizations: Las Vegas, Circuit, Getty, Liberty Media, Formula, Liberty, Ferrari HP, Constructors, Honda, McLaren Racing, Oracle Red Bull, Prix, Qatar, Lusail, Netflix, Silverstone, CNBC, Dells, Miami, Austin, Vegas, Autodromo Jose Locations: Las Vegas , Nevada, Netherlands, parc ferme, Lusail City, Qatar, U.S, Vegas, Thailand, Denmark, Brazil, Sao Paulo

☆ Trump aims for the stars as he links his campaign to Elon Musk's success at SpaceX
▼ + stars: | 2024-10-20 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

At a Pennsylvania campaign rally in early October, Trump said he wanted to see human exploration on Mars by the end of his potential second term. That sort of rhetoric, whether intentional or not, links Musk's significant technological success with Trump's own campaign. It remains to be seen, however, just how influential Musk's success at SpaceX, or his other companies, and his campaigning will be with voters who are still on the fence. SpaceXBut SpaceX's achievement and Musk's ties to Trump could give the former president added support with some undecided voters. "Elon Musk, who's having so much success driving things from the private sector, is a guy that wants success in the federal government."

Persons: Elon Musk, Trump, —, It's, Donald Trump, Elon, Ohio Sen, JD Vance, Trump's, Tesla, X —, he's, Kamala Harris, Harris, Max, Anna Moneymaker, Musk, Peter Loge, Loge, Vance, Walz, Musk's, Elizabeth Chartier —, Harris —, SpaceX's Organizations: SpaceX, Service, GOP, Trump, Trump " America PAC, School of Media, Public Affairs, George Washington University, Republicans, NBC, Independents, Philadelphia Inquirer, Biden Locations: Pennsylvania, Ohio, Philadelphia, Musk's, Folsom , Pennsylvania, America, Butler , Pennsylvania, Folsom

☆ Kamala Harris works to fortify the ‘blue wall’ as Democrats fret over a 2016 repeat
▼ + stars: | 2024-10-17 | by ( Jeff Zeleny | Eric Bradner | ) edition.cnn.com time to read: +14 min

“It’s both persuading and mobilizing at the same time – really until the end,” said Dan Kanninen, battleground director for the Harris campaign. In Pennsylvania, Harris lacks a key element of Biden’s appeal: The Catholic, working-class son of Scranton had local and cultural ties to the state. Vice President Kamala Harris speaks at a campaign event in Washington Crossing, Pennsylvania, on October 16, 2024. “Kamala is for they/them,” a Trump campaign ad declares. But he said it was clear to him that the Harris campaign has learned lessons from 2016.

Persons: Milwaukee CNN — Kamala Harris, Donald Trump’s, lockstep –, Harris, Trump, “, Gretchen Whitmer, Brian Schimming, I’ll, ” Schimming, ” Harris, ”, Liz Cheney, It’s, –, Dan Kanninen, Donald Trump, ” Kanninen, Joe Biden, – Whitmer, Tony Evers, Josh Shapiro, Pennsylvania –, “ We’re, ” Evers, Whitmer, Evers, ” Whitmer, Sarah Kloepping, Michael Dukakis, George H.W, Bush, Gerald Ford, Jimmy Carter, “ It’s, they’ve, Barry Burden, Biden, ” Biden, Barack Obama, Kamala, Harris ’, Tim Walz, Walz, Let’s, Howard Stern, Kamala Harris, Evelyn Hockstein, outspending, “ Kamala, Jill Stein, Stein, Robert F, Kennedy Jr, Kennedy, “ She’s, Christine Fink, Fink, “ I’ve, Phil Swanhorst, “ Trump, Clinton, ” Swanhorst, ” CNN’s David Wright Organizations: Milwaukee CNN, CNN, Wisconsin Republican Party, GOP, Democratic, Republicans, Wyoming, Trump ., Pennsylvania, “, ” Michigan, USA, Elections Research, University of Wisconsin -, Philadelphia Democrats ’, International Brotherhood of Teamsters, International Association of Fire Fighters, Democrats, Republican, Trump, Keystone State, Michigan, Green Party, Cornel West, Democratic National Committee, ”, Libertarian Party, Democratic Party Locations: Wisconsin , Michigan, Pennsylvania, Lakes, lockstep, Michigan, Wisconsin, Harris, Bucks County , Pennsylvania, Bucks County, Oakland County , Michigan, Waukesha County , Wisconsin, Arizona , Georgia, Nevada, North Carolina, Tony Evers of Wisconsin, Hudson , Wisconsin, Green Bay , Wisconsin, University of Wisconsin - Madison, Scranton, ”, Dearborn, Gaza, Detroit, Minnesota, Washington Crossing , Pennsylvania, Georgia , North Carolina, Arizona, Trump, Eau Claire, Ireland, Hillary, Eau Claire County

☆ How abortion rights and immigration are shaping the race for Arizona’s 11 electoral votes
▼ + stars: | 2024-10-12 | by ( Jeff Zeleny | ) edition.cnn.com time to read: +9 min

Chandler, Arizona CNN —David Tapia has watched one election after another from the sidelines, unfazed and largely uninterested in politics. Abortion and immigration are driving factors in the election in all corners of the country, but the issues are colliding in Arizona like few other battlegrounds. A proposed constitutional amendment to protect abortion rights is widely expected to prevail, strategists in both parties told CNN. CNNYet not all Trump supporters agree. Nearly 1 of every 4 Arizona voters is expected to be Latino.

Persons: Chandler, Arizona CNN — David Tapia, Donald Trump’s, Kamala Harris, “, I’m, ”, Tapia, Tucson Mayor Regina Romero, Trump, Harris, Joe Biden, Bill Clinton, Harry Truman, Vance, ” Vance, Ross D, Roe, Wade, ” Harris, Donna Ross, Harris ’, Laura Dent, Dent, ” Mayra Rodriguez, ” Rodriguez, Jesus, it’s Trump, Candy Purdue, Donald Trump, Go Nakamura, of Jesus Christ, Mesa Mayor John Giles, ” Giles, Doug Emhoff, Veronica Stracqualursi, David Wright Organizations: Arizona CNN, Trump, Tucson Mayor, Democrat, Republican, Tucson Speedway, Franklin, AP, CNN, ” Purdue, Republicans, Democrats outspending Republicans, National Association of Latino, of Jesus, Pew Research Center, Mesa Mayor, Arizona Republicans Locations: Arizona, unfazed, “ Arizona, Prescott, Phoenix, Tucson, Chandler , Arizona, Mexico, Glendale , Arizona

In September, the Harris campaign’s spending on ads about crime plummeted to just $28,000, less than 1% of its monthly broadcast TV ad spending. In August, the Harris campaign spent $7.8 million on broadcast TV ads about abortion, about 15% of its total spending that month. Economic themes also dominated Harris campaign advertising throughout August and September. In August, the Trump campaign spent about $15.5 million on broadcast TV ads about immigration, or about 41% of its monthly broadcast TV outlays. In September, that total fell dramatically to just $10,500, less than 1% of the Trump campaign’s total broadcast TV spending.

Persons: Kamala Harris, Donald Trump, Harris, Harris ’, Joe Biden, Roe, Wade, Trump, –, Biden Organizations: CNN, White, Trump, Democratic, San, Republican, Keystone State, Michigan, Georgia, Republicans Locations: California, San Francisco, Housing, Pennsylvania, Michigan, Georgia , Wisconsin , Arizona, North Carolina, Nevada, Keystone, Peach, Georgia, Wisconsin, Arizona, Nebraska

☆ You probably can't make more than $1 million a year on Substack. But Matthew Yglesias does.
▼ + stars: | 2024-10-02 | by ( Peter Kafka | ) www.businessinsider.com time to read: +10 min

That turned out to be a very good decision: Yglesias says Slow Boring is grossing around $1.4 million a year, with limited overhead. Substack gives writers like Yglesias — and now, Taylor Lorenz — a lot of freedom and the ability to make a lot of money. Now, she's off to work on her own via User Mag, a new Substack publication she's launching this week. The Substack was an immediate success, and within a few months, Yglesias had 9,800 subscribers, paying him around $80 a year. Yglesias says he now has nearly 18,000 subscribers, which means he is likely grossing at least $1.4 million a year.

Persons: Matthew Yglesias, Yglesias, Taylor Lorenz, —, Lorenz, Harris, Vox, Ezra, doesn't, Substack, Kate Crawford, I've, Bari Weiss, Weiss, Kate, Crawford, that's, LaCroix, Matt, you've Organizations: Vox, Service, The New York Times, Washington Post, Democratic, Trump, who's, Republican, Netflix, Newsweek Locations: who's, Los Angeles, Vox.com

☆ Where Harris is outspending Trump the most
▼ + stars: | 2024-09-23 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +4 min

Read previewAs Vice President Harris and former President Donald Trump enter the most expensive stretch of the election, their respective spending habits say a lot about the state of the race. And while polls may be tight, the money race isn't — Harris is outspending Trump by approximately $5 million every single day, according to the most recent federal filings. Harris is outspending Trump in ad buys in every single swing state, Bloomberg reported based on data from AdImpact. AdvertisementNeither the Trump nor Harris campaigns immediately responded to Business Insider's request for comment. Trump is outspending Harris in terms of direct mail by a ratio of approximately three-to-one.

Persons: —, Harris, Donald Trump, isn't — Harris, outspending Trump, Trump, Anne Hathaway, Whoopi Goldberg, Timothy Mellon, Elon Musk, outspending Harris, doesn't Organizations: Service, Business, Bloomberg, Democratic, Cipriani Wall, New York Times, Big, Trump, Elon, Labor, Musk's America PAC Locations: Pennsylvania, Michigan , Georgia, Arizona , Wisconsin, North Carolina, Nevada, Michigan, Georgia , Wisconsin , Arizona, Silicon Valley, San Francisco, Los Angeles

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

☆ Global military spending saw its steepest spike in more than a decade, with the US vastly outspending everyone else
▼ + stars: | 2024-04-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Global military spending in 2023 rose to the highest levels ever recorded, analysts said. All five of the institute's defined geographical regions saw rises in military spending for the first time since 2009, with Europe, the Middle East, Asia, and Oceania recording particularly large increases, it said. This, in turn, has ramped up military spending. It also highlighted Ukraine, which ranked eighth in terms of overall defense spending, following a 51% year-on-year increase. At the same time, Israel saw its defense spending rise by 24% to reach $27.5 billion in 2023, mostly due to its large-scale offensive in Gaza, SIPRI's report found.

Persons: —, SIPRI, Nan Tian, Diego Herrera Carcedo, Lorenzo Scarazzato, spender, Israel Organizations: Global, Stockholm International Peace Research Institute, Service, International Crisis, Getty, NATO Locations: Stockholm, Europe, East, Asia, Oceania, Ukraine, Gaza, Ethiopia, Myanmar, Bakhmut, Donetsk Oblast, Anadolu, China

Trump campaign officials are finalizing a takeover of the Republican National Committee this week and looking to expand their field operation. Biden and Trump will each hold events in Georgia on Saturday, a week after they did simultaneous U.S.-Mexico border trips in Texas. The Biden campaign and the Democratic National Committee have vastly outraised Republicans so far. The Biden campaign reported $56 million on hand at the end of January, according to federal disclosures, while Trump’s campaign reported a balance of $30.5 million. Asked what he thinks about the prospects of flipping New York to Trump, LaCivita laughed and said, “I do what the boss says.

Persons: — Joe Biden, Donald Trump, Biden's, Trump, Biden, Marjorie Taylor Greene, Biden blistered Trump, ”, ” Trump, skewering Biden, it’s, “ We’re, Hillary Clinton, Dan Kanninen, ” Kanninen, Barack Obama, Sean McEnerney, Kanninen, “, ’, Chris LaCivita, we’ll, ” LaCivita, LaCivita, Lara Trump, Michael Whatley, That's, LaCivita's, buildout, ___ Weissert, Jill Colvin Organizations: ATLANTA, Trump, Biden, Republican National Committee, Republican, firebrand, Democratic, Republican National, Democratic National Committee, Republicans, RNC, Florida, Democrats, North, DNC, New, Associated Press Locations: Georgia, Mexico, Texas, Atlanta, U.S, Ukraine, Israel, Arizona , Florida, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Florida, North Carolina, Nevada, Arizona, Spanish, Maryvale, Phoenix, Virginia, Houston, Jacksonville , Florida, York , California, New York , California, Montana, New York, Trump, Washington, Palm Beach , Florida

☆ Boomers seem to have traded in the child-raising village for traveling. Now millennial parents say they have no one to support them.
▼ + stars: | 2023-11-29 | by ( Julie Gerstein | Jane Ridley | ) www.businessinsider.com time to read: +11 min

Many millennial parents say they can't get the support they need from their parents. "If Mom and Dad ran out of town, we were at Grandma's," the 33-year-old told Business Insider. AdvertisementStill, many millennial children, including Dobson's own, would prefer time spent — and not necessarily money. Some millennial parents feel aloneThis distance from their parents, Cox said, is a part of other shifts that have made millennial parents feel more alone. What millennial parents really need is someone who can help relieve "the parenting pressure," Cox said, a trusted extra person who's available to pick up some of the slack.

Persons: Millennials, —, Kristjana Hillberg, Dad, Grandma wasn't, there's, Leslie Dobson, Ted Dobson, they've, Dobson, millennials Dobson, hasn't, he's, he'd, They've, It's, Daniel Cox, Cox, Nella Hanson, Hillberg, Roxanne, Kurt, Lily, we'd, Stone, Hanson, Norman, Boomers Organizations: Service, Business, Boomers, Bank of America, Federal Reserve, —, Isla Espiritu Santo, Survey Center, Google Locations: Los Angeles, California, Mexico, Costa Rica, Europe

☆ China Is Lending Billions to Countries in Financial Trouble
▼ + stars: | 2023-11-06 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

China’s early, rapid expansion of the Belt and Road Initiative alarmed U.S. officials, who saw the program as eroding American influence. The Trump administration and Congress merged and expanded two agencies in 2018 to create the development finance corporation. Between 2014 and 2017, AidData found, China was providing nearly three times as much development financing as the United States. But by 2021, China was outspending the United States by only 30 percent. (The American loan for up to $553 million would be for expansion of the busy port in Colombo, Sri Lanka’s capital and main city.)

Persons: Trump, China’s, AidData, Mahinda Rajapaksa Organizations: United States International Development Finance Corporation, Initiative Locations: Greece, Sri Lanka, China, United States, Hambantota, Colombo, Sri

☆ Democrats have purchased $1.2 million in ads to target Lauren Boebert, outspending Republicans by 100 times: report
▼ + stars: | 2023-11-04 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

That's inspired Democrats to heavily invest in the MAGA Republican's defeat in next year's vote. Democrats have so far outspent Republicans on advertising by 100x, The New York Times reported. AdvertisementAdvertisementColorado Rep. Lauren Boebert was first elected in 2020, handily beating her Democratic opponent by more than 25,000 votes. Democrats, including Frisch, a local businessman, have "already reserved $1.2 million in advertising for the race," which isn't until 2024, the Times reported, citing the tracking firm Ad Impact. That, according to the paper, is more than 100 times what Republicans have spent.

Persons: Lauren Boebert, That's, MAGA, —, Adam Frisch, Boebert's, Frisch, Boebert, Donald Trump, Trump Organizations: Colorado, Republicans, New York Times, Service, Democratic, Republican, Colorado Republican, GOP, Times

☆ Nike reigns supreme among teen shoppers. Here are the other brands they love the most
▼ + stars: | 2023-10-10 | by ( Courtney Reagan | ) www.cnbc.com time to read: +4 min

Interestingly, male teens report spending 11% more than last fall, while females are spending 8% less. When teens are spending, 37% said they are using funds earned from a part-time job, while 62% said parents contribute to spending. Clothing and apparel spending fallsTeens are spending 4% less on clothing compared to last year, down to $563 per year. After Nike, American Eagle and Lululemon are the second- and third-most preferred brands among teens, the same as in the spring. Converse held the spot for the second-most favorite brand behind Nike but dropped in market share by 1 percentage point.

Persons: Joe Raedle, Piper, Shein, Converse, Temu, Polly Organizations: Nike, Getty, Adidas, Ross Stores, Nordstrom, Target, Walmart Locations: Miami Beach , Florida, U.S, Maxx, Australia

☆ Flush with cash, the Middle East is ramping up investment in soccer as a soft power push
▼ + stars: | 2023-06-13 | by ( Michael Considine | ) www.cnbc.com time to read: +2 min

Manchester City's victory in the UEFA Champions League final over Inter Milan was historic for a number of reasons. Manchester City's win, heavily backed by UAE money, comes as Saudi Arabia and Qatar look to ramp up their investment in the sport. The UAE's Sheikh Mansour purchased the club in 2008 and has since proceeded to spend more on transfers than any other club in world soccer. The scale of the investment has attracted criticism, with human rights group Amnesty International saying the UAE's spending amounts to one of soccer's "most brazen attempts to 'sportswash' a country's deeply tarnished image." "But in terms of soft power, image reputation, nation branding, I think it's significant as well."

Persons: Sheikh Mansour bin Zayed, Mohammed bin Zayed, Sheikh Mansour, it's, Simon Chadwick, CNBC's Organizations: Manchester, UEFA Champions League, Inter Milan, English Premier League, soccer, United Arab Emirates, Manchester City's, Manchester United, Amnesty, CNBC, Manchester City, Skema Business School Locations: Abu Dhabi, UAE, Saudi Arabia, Qatar

☆ Opinion | New York Lawmakers Try to Sabotage Campaign Reform
▼ + stars: | 2023-06-08 | by ( The Editorial Board | ) www.nytimes.com time to read: +2 min

For generations, deep-pocketed donors have called the shots in New York State politics, leaving ordinary voters with less power and less of a voice in their government. The changes proposed by lawmakers would protect incumbents and discourage challengers — the opposite of the program’s goal. The 2024 elections will be the first under this new campaign finance system, in which state leaders agreed to match small contributions with public funds to amplify the power of small donors. The law works like this: If an individual gives $5 to $250 to a candidate for a statewide office like governor, that donation is matched with public funds six to one. The match ratios are even higher for state legislative candidates.

Persons: Brennan, New York City’s, Kathy Hochul Organizations: Brennan Center for Justice, Democratic, Gov Locations: New York State, New York

☆ Grubhub is losing its second CEO in less than 2 years as owner explores sale of company
▼ + stars: | 2023-03-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

A year after Just Eat Takeaway.com bought Grubhub, the European firm said it wanted to sell it. Grubhub is in great hands with Howard and the Grubhub leadership team, and I'm excited to watch the company continue to thrive." Over the years, Grubhub has struggled to find its footing in the hyper-competitive food delivery sector. 1 food delivery operator. In January 2018, Grubhub had 49% of the food delivery market, according to Bloomberg Second Measure.

☆ Biden's IRA has left Europe blind-sided. And playing catchup could lead to 2 big mistakes
▼ + stars: | 2023-02-02 | by ( Silvia Amaro | ) www.cnbc.com time to read: +5 min

"U.S. legislation doesn't pass overnight," Emre Peker, director at the consultancy group Eurasia, told CNBC, adding that the EU could have acted faster. Luisa Santos, deputy director at BusinessEurope, a group of business federations, told CNBC that "it is still a bit early to say who will invest where." watch nowBelgian Prime Minister Alexander de Croo told CNBC that more state aid "is not a good answer." Several other experts have also raised concerns about easing state aid rules. Slow to respondIn addition to challenges with state aid relaxation, timing is also a risk.

Rep. Mayra Flores speaks at the University Draft House in McAllen, Texas, on Oct. 10. “I still believe at the end of the day this is still a solid, moderate Democratic region,” González said. A fighting chanceOf the three Latina Republicans running, Mónica De La Cruz, endorsed by former President Donald Trump and running in an adjacent congressional district, Texas' 15th, is considered the party's best chance to win. Soon after being sworn in to Congress, Flores voted against the landmark gun safety bill pushed through Congress by Sen. John Cornyn, the Texas Republican. Francisco Medrano Jr., of Harlingen, says he’s likely to support Republican Mayra Flores.

LAS VEGAS — Jim Marchant, the election-denying Republican nominee for secretary of state in Nevada, has so far been outspent and out campaigned by his Democratic opponent. Davis, a Republican, said he “hadn’t thought much” about whether the 2020 election was stolen from Trump and remained undecided in the secretary of state race. The dynamics in Arizona’s secretary of state race are similar. He and Marchant, as well as Kristina Karamo, the Republican secretary of state nominee in Michigan, are all members of the pro-Trump America First Secretary of State Coalition, though polling shows Karamo’s race is far less competitive. “This could be the last free and fair election in Nevada,” West said.

☆ Sorry, Biden backers. President Donald Trump actually has more campaign cash now than 4 years ago
▼ + stars: | 2020-09-10 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +10 min

President Trump's campaign ended July with $120 million, about three times more than the roughly $39 million it reported at this point in 2016. This doesn't cost Trump's campaign anything but helps get his message to voters. In addition to the Trump campaign, the Republican National Committee and several pro-Trump super PACs have planned heavy spending before Election Day. The Trump campaign ended July with more than $120 million, compared with about $99 million for Biden. Some areas of Trump campaign spending have even dropped from 2016 to 2020.

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