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☆ Next year is already looking rough for retail store closures
▼ + stars: | 2024-11-15 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

If this year's closures are any indication — and if the economy worsens — they won't be alone. 2025 is still more than a month away, but it's already shaping up to be another rocky year for retail. Analysts at UBS project the total number of US retail closures could reach 45,000 over the next five years. For one thing, even healthy retailers like Walmart and Target periodically review and trim their store fleets in the normal course of business. In any event, the year hasn't even begun, but nearly 1,500 retail closures are slated — already roughly half the amount BI has tracked for full-year totals in recent years.

Persons: —, Topping, Shane O'Kelly, Donald Trump's Organizations: Parts, Walgreens, UBS, Coresight Research, Walmart, Target, Blockbuster

☆ Is the 'vibecession' here to stay? Here's what experts say
▼ + stars: | 2024-11-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.

Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China

And the next president — Donald Trump or Kamala Harris — along with the new Congress will set the agenda. Here are four big things the 119th Congress will have to tackle. Trump tax cuts worth trillions of dollars are expiring after 2025Major portions of Trump’s 2017 tax law totaling $3.3 trillion will expire at the end of 2025. Former President Trump has said he wants to fully extend the expiring tax breaks across all income levels and pursue deeper tax cuts. If it lapses, many Americans would see spikes in their insurance premiums, which may put pressure on Congress to act.

Persons: — Donald Trump, Kamala Harris —, Trump, Harris, Barack Obama, There'll Organizations: WASHINGTON, Trump, Republicans, Democratic, Affordable, Congressional, Office, Treasury Department, U.S, Republican Locations: California, New York

WASHINGTON — As Speaker Mike Johnson marks one year on the job Friday, he’s fighting hard to preserve House Republicans’ razor-thin majority — and his speakership. I’m going to be the speaker of the House,” Johnson said in a recent sit-down interview with NBC News at a campaign stop in Hellertown, Pennsylvania. "It's going to be a free-for-all" if Republicans lose the House and Trump loses the White House, a third House GOP lawmaker added. 2 GOP leader, Scalise also has not spoken publicly about what he’d run for in the minority. House Majority Leader Steve Scalise, R-La., is expected to run for minority leader if Republicans lose the House.

Persons: Mike Johnson, Republicans ’, Johnson, Johnson —, ”, Nancy Pelosi, Johnson’s, Steve Scalise, Jim Jordan, hasn’t, “, I’m, ” Johnson, Al Drago, Tom Emmer, Elise Stefanik, eyeing, Donald Trump, Jordan, They’ve, Scalise, John James, Tom Barrett, Joe McGraw of, “ Jordan, Kevin McCarthy’s, Emmer, —, Republicans —, Tom Williams, Trump, Republicans eke, “ He’s, Thomas Massie, Paul Gosar, Marjorie Taylor Greene, Scott Perry, Perry wouldn’t, ” Perry, Mike, he’s, David Valadao, ” Valadao, Patrick McHenry, McCarthy, Derrick Van Orden, ” Van Orden Organizations: WASHINGTON, Republicans, Louisiana Republican, GOP, Republican, NBC News, Trump, Bloomberg, Getty, National Republican Congressional, Joe McGraw of Illinois, Inc, Capitol Hill, FISA, Freedom Caucus, Intelligence, Democratic, Washington , D.C, Wisconsin GOP Locations: Louisiana, Ohio, Hellertown , Pennsylvania, Pacific Northwest, Washington, Michigan , Illinois, Minnesota, Michigan, Jordan, Israel, Ukraine, Ky, Trump, Perry’s, Washington ,, R, Wisconsin

☆ Global public debt will hit $100 trillion by year-end, says IMF
▼ + stars: | 2024-10-23 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Global public debt will rise above $100 trillion by the end of 2024, the agency projected in its annual Fiscal Monitor report. By the end of the decade, the IMF forecasts global public debt will reach 100% of world GDP. The U.S. and China account for a significant share of rising public debt levels. If the two countries were excluded from calculations, the global public debt to GDP ratio would fall around 20%, the IMF said. Unsustainable debt levels place countries' markets at risk of a sudden sell-off if investors view a country's fiscal health as too poor.

Persons: Vitor Gaspar, shutdowns, spending's Organizations: International Monetary Fund, Monetary Fund, Global, U.S . Treasury Department Locations: Washington , DC, U.S, China, Saharan Africa

☆ 'The million-dollar question of this election': Women's health startups are confronting a shifting legal landscape
▼ + stars: | 2024-10-22 | by ( Melia Russell | Rebecca Torrence | ) www.businessinsider.com time to read: +14 min

Founders of women's health startups feel doubly invested in this election, one of the closest presidential races of the century. They said another Trump victory creates uncertainty for reproductive health startups, from period trackers to online abortion clinics to embryo banks. For startup Julie, the legal status of emergency contraception is the "million dollar question of this election," said Amanda E/J Morrison. Trump's waffling on reproductive rights has put founders of women's health startups on notice. For some founders of women's health startups, this election is more than a political contest; it has ramifications for their livelihoods.

Persons: Julie, Amanda E, J Morrison, Morrison, Lily, Trump, We're, —, Kamala Harris, Trish Costello, Mika Eddy, Eddy, Samuel Corum, Jane, Roe, Wade, Hey Jane, Carli Sapir, Sapir, Donald Trump, Mark Wilson, Flo, Deena Shakir, Lauren Berson Sugarman, Berson, Alice Zheng, Zheng, Julie's, Dobbs, TikTok influencers, Julie swag, Julie Julie's, It's, Melia Russell, Rebecca Torrence Organizations: Suffolk University, Trump, Getty, Amboy Ventures, White, Lux Capital, Maven, Sciences, Vitra Labs, Investors, Walmart, JAMA, Business Locations: New York, Boston, Texas, California, we're, Roe America, Alabama

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ Myanmar’s internet freedom is now as bad as China’s, report finds
▼ + stars: | 2024-10-17 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —For the past decade, China has consistently ranked last in the world for internet freedom due to its all-pervading online surveillance and content control system dubbed the “Great Firewall.”But a new report out Wednesday shows that internet freedoms in China’s neighbor Myanmar are now just as lacking. The report from Freedom House, a US government-funded NGO, found that global internet freedom has declined for the 14th consecutive year. In a record 43 countries, people were physically attacked or killed in retaliation for their online activities, the report found. The Central Asian nation Kyrgyzstan showed the biggest drop in internet freedoms, according to the report, as President Sadyr Japarov ramped up efforts to silence digital media and suppress online organizing. The report also covers online disinformation campaigns and political interference in the run-up to elections, including harassment of independent researchers and fact checkers.

Persons: ”, Mao Ning, Sadyr Japarov, Kloop, “ Organizations: CNN, Freedom, Trust, United Nations, UN, China’s Ministry of Foreign Affairs, ”, Central, US Locations: China, China’s, Myanmar, Central Asian, Kyrgyzstan, Iceland, United States, ’

☆ Harris faces historic challenge in running as a sitting VP: From the Politics Desk
▼ + stars: | 2024-10-15 | by ( The Politics Desk | ) www.nbcnews.com time to read: +13 min

In today’s edition, national political correspondent Steve Kornacki breaks down the historical challenges Kamala Harris faces running for president as a sitting VP. Harris faces historic challenge in running as a sitting VPBy Steve KornackiKamala Harris is the third presidential nominee in the last half-century to run as a sitting vice president. Measures like more Secret Service agents and bulletproof glass are now common on the campaign trail. Read more → 🔑 It all comes down to yinz: The Harris campaign believes its path to winning all-important Pennsylvania runs through the suburbs. Read more →The Harris campaign believes its path to winning all-important Pennsylvania runs through the suburbs.

Persons: Steve Kornacki, Kamala Harris, Michelle Obama hasn't, Harris, Hakeem Jeffries, Steve Kornacki Kamala Harris, Joe Biden’s, it’s, Biden, Donald Trump, Trump’s, VPs, Al Gore, George H.W, George H.W . Bush, Bill Clinton, Ronald Reagan, “, ”, ” Reagan, Bush, Michael Dukakis, Gore, Clinton, Hubert Humphrey, Lyndon Johnson, Johnson, Humphrey, Republican Richard Nixon —, they’d, Michelle Obama, Monica Alba, Carol E, Lee, Kristen Welker Barack Obama, Trump, ” Michelle Obama, Ali Vitali, Kyle Stewart ALBUQUERQUE, Democrats haven’t, “ we’ve, ” Jeffries, Jeffries, Nancy Pelosi speakership, Kevin McCarthy, Mike Johnson, ️, abou, l, ord, O Organizations: NBC, White House, Capitol, Democratic, White, ABC, Democratic Party, Republican, Biden, Democratic National Convention, Service, Democrats, NBC News, GOP, Republicans, aig Locations: George H.W ., midstream, Vietnam, N.M, D, Jeffries, New York, California

☆ Hakeem Jeffries pitches calm governance over chaos as Democrats seek the House majority
▼ + stars: | 2024-10-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ali-Vitali-Circle-Byline-Template.Jpg | Ali Vitali | ) www.nbcnews.com time to read: +7 min

ALBUQUERQUE, N.M. — The way Leader Hakeem Jeffries sees it, House Democrats haven’t held the majority this Congress — but they’ve governed as if they did. Jeffries is hoping to win back the House majority with twin messages of “people over politics” and a promise to curb the chaos of the House GOP. And while he said that House Democrats will strive to work with “traditional Republican colleagues on any issue, whenever and wherever possible,” he sees Trump as different. What Democrats would doAs speaker, Jeffries would be responsible for setting the House’s agenda for the first time in his career. His predecessor, Pelosi, led House Democrats for 20 years both as the minority leader and as speaker.

Persons: Hakeem Jeffries, Democrats haven’t, we’ve, Jeffries, ”, Nancy Pelosi speakership, Katherine Clark of, Pete Aguilar, Gabe Vasquez, —, Anna Padilla, Susan Wild, Kevin McCarthy, ” Jeffries, he’s, Kamala Harris, it’s, Trump, Donald Trump, MAGA, Mike Johnson, Pelosi, he'll, Harris, Harris ’, Roe, Wade Organizations: Democrats, House Democratic, NBC News, GOP, Democratic, Congressional District, Republican, Bloomberg, Getty, Brooklyn, “, MAGA Republicans, Child Tax, House Democratic Caucus Locations: ALBUQUERQUE, N.M, Jeffries, Katherine Clark of Massachusetts, Pete Aguilar of California, New York, California, Albuquerque , New Mexico, Vasquez, New Mexico, Pennsylvania, United States of America

☆ Disney World employees felt pressured to stay and work despite forecasts of looming tornadoes and flash floods in the hours leading up to Hurricane Milton
▼ + stars: | 2024-10-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Multiple Disney World employees told BI about their disappointment with how the company handled Milton. The Walt Disney World Resort was still open for business. AdvertisementIn a statement, a Walt Disney World spokesperson said the company prioritizes the well-being of those on park grounds. At Disney World, workers' minimum wage starts at $18 an hour. With 80,000 staffers, the Disney World Resort is one of the largest single-site employers in the United States.

Persons: Cash, —, Milton, Goldman Sachs, they'd, Reed Alexander Organizations: Disney, Milton, Service, Orlando, Sunshine State, Walt Disney, Workers, Hollywood Studios, Animal, Magic, Magic Kingdom, Disney World, BI, Wilderness Locations: Magic Kingdom, Epcot, Orange County, Central Florida, Florida, Saratoga, Orlando, United States

☆ Why Texas Latinos Are Shifting to the Right, Voting for Trump
▼ + stars: | 2024-10-06 | by ( Jack Herrera | ) www.businessinsider.com time to read: +18 min

Jordan Vonderhaar for BIIn late July, after Biden dropped out of the race, I traveled to Starr County to see why this longtime Democratic stronghold has been shifting steadily to the right. Like the mesquite and huisache that thrive in this arid climate, he has deep roots in Starr County. If any place embodies the dual identity among Latinos in Starr County, it's the Rancho Cafe in the tiny town of Roma. The Rancho Cafe — part Old West saloon, part Tex-Mex hangout — embodies the dual identity of local Latinos. Across the country, Latino Republicans say they feel more able to wear their politics on their sleeve.

Persons: Donald Trump, Alexis García, Trump, García, Bernie Sanders, Hillary Clinton, Starr, Trump's, —, baldy, he'd, — you've, Jordan Vonderhaar, MAGA, provocateurs, Joe Biden, Biden, Kamala Harris, hicks, In, Benito Treviño, Todos, Treviño, Treviño's, Toni Treviño, Toni, Harris, Aliriam Perez, Miguel de Alemán, Perez, Perez wasn't, George Floyd, they've, pollsters, Rick Guerra, Guerra, George W, Bush, Roel Reyes, TRUMP, Reyes, Jack Herrera Organizations: Democratic, Trump, Republican, BI, In Trump, South Texans, American, Democrat, Republican Party, Democratic Party, Republicans, Democrats, Alabama Dairy, Army, Texas Lone Star, Border Patrol, Local Democrats, Los Angeles Times, Texas Locations: New York City, Texas, Rio Grande City, Starr County, Trump, la, South Texas, Starr, America, American, Arizona, Nevada, MAGA, Hollywood, Rio Grande, Mexico, Benito, Houston, Roma, sipping, Mexican, West Texas, Alabama, Iraq, Afghanistan, Guerra's

☆ The port strike is over. Here’s what happens next
▼ + stars: | 2024-10-04 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

Then union members will get additional $4-per-hour raises every year during the life of the six-year tentative deal. The union had been willing to consider the $4-an-hour deal before the strike, union boss Harold Daggett said on the picket line outside the Port of New York and New Jersey early Tuesday, soon after the start of the strike. Thursday’s deal likely is the end of the strike, but it doesn’t close the door on a new strike in the future. Should the members vote against the deal, the strike might start once again. But union members voted nearly unanimously to reject it and have remained on strike since September 13.

Persons: Harold Daggett, Bryan R, Smith, Helene, Bethann Rooney, ”, Rooney Organizations: New, New York CNN, United, International Longshoremen’s Association, United States Maritime Alliance, Getty, Port Authority of New, Hurricane Sandy, International Association of Machinists, Boeing Locations: New York, United States, East, Gulf Coast, Port of New York, New Jersey, Maine, Texas, Virginia, Port Newark, AFP, Port Authority of New York, Port, NY, NJ, Hurricane

☆ A trio of crises threatens to upend the race 5 weeks before Election Day
▼ + stars: | 2024-10-03 | by ( Alice Tecotzky | Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

A trio of emergencies has all struck just five weeks ahead of the 2024 presidential election. Both Donald Trump and Kamala Harris will be forced to reckon with the crises in the final days of their campaigns. AdvertisementViolence in the Middle East, a massive labor strike among East Coast and Gulf Coast dockworkers, and the devastation of Hurricane Helene all struck with only five weeks before the 2024 presidential election. "What we've seen out of Vice President Harris is we've seen steady leadership," he said when talking about the Middle East. What matters most now is how the candidates' messaging lands with specific communities impacted by these crises, Loge said.

Persons: Hurricane Helene, Donald Trump, Kamala Harris, —, Israel, Peter Loge, David Jones, Trump, Joe Biden, Randall Adkins, Adkins, Loge, it's, Sen, JD Vance, Tim Walz, Vance, Harris, Walz, Biden, she's, BRYAN R, SMITH, Jones, Grace Cary, Helene Organizations: Service, East, School of Media, Public Affairs, George Washington University, Baruch College, City University of New, Trump, University of Nebraska, Gov, Logistics, JPMorgan, Getty, Biden Locations: Hurricane, East Coast, Gulf Coast, East, Middle, Iran, Israel, Lebanon, Tehran, City University of New York, University of Nebraska Omaha, American, Arizona, Georgia, Wisconsin, North Carolina, Michigan

☆ Devastation from Hurricane Helene could bring semiconductor chipmaking to a halt
▼ + stars: | 2024-10-02 | by ( Clare Duffy | Dianne Gallagher | ) edition.cnn.com time to read: +7 min

In addition to this, our teams are joining the local taskforces to try to restore the most basic services and bring further supplies to Spruce Pine,” The Quartz Corp said in a statement. The Quartz Corp facility near Spruce Pine, North Carolina, is seen during a CNN flyover of the area on Monday, September 30. And while quartz is abundant around the world, the kind of ultra-high-purity quartz mined in Spruce Pine is not. The Spruce Pine mines provide an estimated 80% to 90% of the world’s high-purity quartz — experts say the exact amount is proprietary and unknown — supplying semiconductor manufacturers like chipmaking giant Taiwan Semiconductor Manufacturing Company. However, Wang said that despite the scale of the devastation in Spruce Pine, there is still reason for optimism.

Persons: Hurricane Helene, Helene, —, ”, Seaver Wang, Spencer Bost, ” Bost, ’ ” Sibelco, “, Sibelco, that’s, Gregory Allen, David Bader, CSIS’s Allen, Wang, ” Wang Organizations: New, New York CNN, Quartz Corp, Breakthrough Institute, Downtown, CNN, Belgian, Wadhwani Center, AI, Technologies, Center for Strategic, International, Taiwan Semiconductor Manufacturing Company, Institute for Data Science, New Jersey Institute of Technology Locations: New York, North Carolina, Hurricane, Spruce Pine, United States, Sibelco, Silicon, Downtown Spruce, Norwegian, Spruce, Spruce Pine , North Carolina, “

☆ This is how badly the port strike could wreck the US economy
▼ + stars: | 2024-10-01 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

A port workers' strike from Maine to Texas could deliver a major hit to the US economy. AdvertisementA strike involving port workers from Maine to Texas could inflict major damage to the US economy. The affected ports involve about half of the nation's ocean shipping. Analysts at JPMorgan have said the price tag for shutdowns related to the strike could reach $5 billion a day. Given that it's been decades since a major strike unfolded on the East Coast, he said, many companies were also likely caught off guard.

Persons: —, Adam Kamins, Kamins, Mirko Woitzik, Travis Tokar, Tokar, it's Organizations: Service, Moody's, Fed, JPMorgan, Texas Christian University's Neeley School of Business, kiwis Locations: Maine, Texas, Savannah , Georgia, Charleston , South Carolina, Norfolk , Virginia, New York, West Coast, East Coast

☆ America is facing a nightmare scenario with a looming strike and wrecked infrastructure after Hurricane Helene
▼ + stars: | 2024-09-30 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

A port strike and the effects of Hurricane Helene could slow the US's transport of goods. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . JPMorgan analysts have estimated that the costs of shutdowns related to the strike could reach $5 billion a day. "The timing of the strike is especially concerning, as the US economy has seen progress in lowering inflation," Mousavian said. Meantime, Angela Blanchard, Houston's chief recovery and resilience officer, argued on X that the response to and recovery from the hurricane would be "significantly impeded" by a strike.

Persons: Hurricane, —, Hurricane Helene, Jon Davis, Amir Mousavian, Mousavian, Jason Greer, haven't, We're, Greer, Angela Blanchard, Houston's, Blanchard Organizations: Service, Longshoremen's Association, JPMorgan, Federal Reserve, University of New England's College of Business, Shipping, Greer Consulting, National Labor Relations Board Locations: Hurricane, Asheville , North Carolina, East Coast, Gulf, Florida , Georgia, North Carolina, West

☆ Michigan nuclear plant finalizes federal loan to support first reactor restart in U.S. history
▼ + stars: | 2024-09-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Palisades nuclear plant in Michigan has closed a $1.5 billion loan to support the first reactor restart in U.S. history, the Department of Energy announced Monday. Palisades' owner, Holtec International, hopes to restart the plant in the fourth quarter of 2025, subject to approval by the U.S. Nuclear Regulatory Commission. Demand for nuclear power is growing as the U.S. seeks carbon-free energy to meet rising electricity demand while meeting its climate goals. In the case of Palisades, the power is spoken for by Wolverine Power Cooperative, a nonprofit that provides electricity to rural communities in Michigan. Palisades will support 600 jobs in Covert Township near Lake Michigan and provide enough power for 800,000 homes, Turk said.

Persons: Nick Culp, Holtec, Culp, David Turk, Turk Organizations: Department of Energy, Holtec, U.S . Nuclear Regulatory Commission, NRC, . Company, U.S . Palisades, Palisades, Constellation Energy, Microsoft, Wolverine Power Locations: Michigan, Jupiter , Florida, Palisades, U.S, Covert, Lake Michigan

☆ Key U.S. ports brace for possible shutdowns ahead of holiday shopping season
▼ + stars: | 2024-09-23 | 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 EmailKey U.S. ports brace for possible shutdowns ahead of holiday shopping seasonKathryn Thompson, Thompson Research Group CEO, joins 'Squawk Box' to discuss how transport companies are preparing for possible port shutdowns, how long a dockworker strike could be, and more.

Persons: Kathryn Thompson Organizations: Thompson Research

☆ US government begins preparations for a partial shutdown with one week until deadline – despite agreement
▼ + stars: | 2024-09-23 | by ( Betsy Klein | Tami Luhby | ) edition.cnn.com time to read: +6 min

That standard guidance will be circulated Monday, seven days before a shutdown could occur. Should lawmakers fail to pass a funding bill, millions of federal workers and military personnel would be affected by a shutdown. Another 1.4 million federal employees may have to work without pay, though some of these positions are funded through resources other than annual appropriations, she said. All federal employees are guaranteed back pay, though contractors are not. Even the threat of a shutdown can disrupt the lives of federal employees, who could have to forgo their paychecks.

Persons: Mike Johnson, shutdowns, Rachel Snyderman, Snyderman, “, ”, Donald Trump, Trump, Chuck Schumer, aren’t, ” Doreen Greenwald, Everett Kelley, Joe Biden Organizations: Washington CNN, Louisiana Republican, Democratic, CNN, “, OMB, White, Management, Senate, Center, SAVE, GOP, noncitizens, Representatives, Social Security, National Treasury Employees Union, American Federation of Government Employees, District of Columbia Locations: Louisiana

☆ Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI
▼ + stars: | 2024-09-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Norma Field walks under power lines coming off of the nuclear plant on Three Mile Island (TMI), with the operational plant run by Exelon Generation, in Middletown, Pennsylvania. Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense power needs of the tech sector as they build out data centers to support artificial intelligence. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed. Three Mile Island would be the second nuclear plant to restart operations in U.S. history. The Palisades nuclear plant in Michigan would be the first, with that plant expected to return to service at the end of 2025.

Persons: Norma Field, Constellation, Joe Dominguez, Goldman Sachs Organizations: Exelon, Constellation Energy, Microsoft, Constellation, Nuclear Regulatory Commission, Clean Energy Center, Rystad Energy, Turkey . Tech, Amazon Web Services, Talen Energy, Susquehanna, Oracle Locations: Middletown , Pennsylvania, Turkey, Pennsylvania, Michigan

☆ The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out
▼ + stars: | 2024-09-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Read previewSeptember 30 could be a consequential day for the US economy if two major negotiations don't get hammered out in time. Congress must pass a stopgap spending bill by the last day of this month to avoid a partial government shutdown. September 30 is also the deadline for the International Longshoremen's Association and several East Coast and Gulf Coast ports to strike a contract. A government shutdownThe rejection of Johnson's plan on Wednesday ratcheted up tensions in Congress as the September 30 deadline draws ever nearer. This would pause the strike while negotiations continued.

Persons: —, there's, Mike Johnson, Johnson, There's, Donald Trump, Mitch McConnell, Joe Biden, Taft, Hartley Organizations: Service, International Longshoremen's Association, Business, GOP, United States Maritime Alliance, Street, White House, Washington Post, Street Journal, Social Security, Medicare, Congressional, Office, International Longshoremen's, Retail Industry, Association Locations: East Coast, Gulf Coast, Maine, Texas, West Coast, RILA

☆ Fmr. Commerce Sec. Gutierrez on possible U.S. port strikes: Union is totally overplaying their hand
▼ + stars: | 2024-09-20 | 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 EmailFmr. Commerce Sec. Gutierrez on possible U.S. port strikes: Union is totally overplaying their handFormer Commerce Secretary Carlos Gutierrez joins 'Squawk Box' to discuss possible U.S. port strikes over labor negotiations, potential impact of port shutdowns on the U.S. economy and consumers, and more.

Persons: Gutierrez, Carlos Gutierrez Locations: U.S

SPRINGFIELD, Ohio — The dozens of bomb threats and the onslaught of public attention that has befallen a small Ohio city since President Donald Trump and others pushed the false claim that Haitian migrants were stealing and eating pets has children living in fear, worried parents said Thursday. A U.S. flag is displayed on Sept. 16, 2024 in Springfield, Ohio. Luke Sharrett / Getty Images“I really feel bad for the Haitian children, because they’re here for an education,” Moore said. That’s not right, that my daughter has to be fearful,” Springfield parent Martin McWhorter said. “Why are you messing with my baby?”McWhorter said his daughter’s school was a target of the bomb threats and lamented that what had been a small, peaceful city now doesn’t feel safe.

Persons: Donald Trump, “ They’re, ” John Michael Moore, Trump, Kamala Harris, Trump’s, Sen, JD Vance, hasn’t, Luke Sharrett, ” Moore, “, that’s, That’s, ”, Martin McWhorter, ” McWhorter, Melanie Flax Wilt, we’ve, Wilt, Pierre, ” Pierre, Isaac Mackey, Sharice Otieno, couldn’t, ” Otieno, Otieno Organizations: Commission, NBC News, Walmart Locations: SPRINGFIELD , Ohio, Ohio, Springfield, U.S, Springfield , Ohio, ” Springfield, Clark, Haitian, Springfield from Florida, Columbus, Cincinnati, Indiana, Florida

☆ Why Trump’s election fraud falsehoods might cost the GOP the House
▼ + stars: | 2024-09-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump’s obsession with election fraud that doesn’t exist in any significant form could drive the country into a government shutdown — and may even put the Republican House majority at risk. But given the tiny House GOP majority and Trump’s looming presence, every step the speaker takes will be perilous – especially if he hopes to cling to his job if Republicans succeed in holding the House in November. Trump seems to be setting the GOP up for an intra-party fight that could turn into a disaster in November. Win McNamee/Getty ImagesA potential self-inflicted wound for the GOP in Trump’s birth stateIronically, Trump was on Wednesday in the state where his stand could wreak the most political damage for House Republicans. Johnson has been happy to indulge Trump’s voter fraud claims – both after the 2020 election and this cycle.

Persons: Donald Trump’s, Mike Johnson, Trump, Johnson, shutdowns, isn’t, Mitch McConnell, ”, Win McNamee, Mike Lawler, Kaitlan Collins, ” Lawler, Marc Molinaro, ” Molinaro, –, we’ll, Marjorie Taylor Greene, Johnson –, —, Kevin McCarthy, Kamala Harris, Republicans don’t, Donald Trump, Frank Franklin II, it’s, relishes, Harris, Joe Biden’s, ” Trump Organizations: CNN, Republican, GOP, Democrats, Capitol, House Republicans, Congressional, New York Republican, Louisiana Republican, Georgia Republican, Democratic, Social Network, Republicans, SAVE, Nassau Coliseum, Trump, New, New York, State, Teamsters Union, “ Locations: Washington, Kentucky, New York, Uniondale, Uniondale , New York, Long, New York City, New, Florida

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