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☆ Nicole Shanahan spent almost $19 million on RFK Jr.'s failed presidential run but that's just a sliver of her fortune
▼ + stars: | 2024-08-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAttorney Nicole Shanahan spent almost $19 million boosting Robert F. Kennedy Jr.'s long shot presidential campaign. After abandoning his Democratic primary campaign, Kennedy needed significant funding to set up the organization needed for a credible presidential campaign. She still won't top Rep. David Trone of Maryland, who spent over $60 million of his Total Wine fortune only to lose a Democratic Senate primary. AdvertisementMichael Bloomberg became a meme in the 2020 election when he spent $500 million only to win America Samoa before dropping out of the Democratic presidential primary.

Persons: —, Nicole Shanahan, Robert F, Kennedy Jr, Shanahan, Kennedy, Donald Trump, Kamala Harris, Walz, Sergey Brin, Elon Musk, Musk, David Trone, Michael Bloomberg, JB Pritzker, Mehmet Oz's Organizations: Service, Kennedy, PAC, Trump, Business, Democratic, Bloomberg News, Democratic Senate, America Samoa, Gov, Illinois, Senate Locations: Maryland

☆ Beyoncé hype ran high then popped like a balloon at the DNC
▼ + stars: | 2024-08-23 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

Like most pop culture fantasies, speculation that Beyoncé would make an appearance at the DNC started – and ended – on social media. From the moment CNN reported in July that Beyoncé had granted the vice president permission to use her 2016 song “Freedom” for her presidential campaign, there were questions. People spotted wearing ‘COWBOY KAMALA’ sashes at the Democratic National Convention. Eva Hambach/AFP/Getty ImagesA bee emoji shared on X by White House political director Emily Ruiz further spiked the hype. “If you thought the Oprah surprise was big, just wait.”On Thursday evening, TMZ reported that Beyoncé would indeed be performing.

Persons: Kamala Harris, –, Beyoncé, Bey, Harris, Taylor Swift, Kamala, KAMALA, Shasti Conrad, ” Conrad, Eva Hambach, Emily Ruiz, Oprah Winfrey, ”, “ I’ve, Barack Obama’s, Obama’s, Hillary Clinton, Yvette Noel, Schure, TMZ, CNN’s Elizabeth Wagmeister Organizations: CNN, Democratic National Convention, Chicago’s United, DNC, Washington Democratic, Washington State Standard, United Center, Getty, White House, TMZ, Media, Democratic, Biden, Hollywood Locations: Chi, O’Hare, Washington, Chicago , Illinois, AFP, Ohio, Chicago

☆ Best, Worst and Weirdest Moments of the Democratic Convention
▼ + stars: | 2024-08-23 | by ( Shawn Mccreesh | ) www.nytimes.com time to read: +1 min

Every convention has its highlights and low points, and the hastily revised Democratic convention was no exception. More than 100 speakers took the stage at the United Center in Chicago over four nights, and their speaking abilities ranged from excellent to, well, kind of bumbling. Here are some of the moments we will remember, and others we are hoping to forget. Vice President Kamala Harris, assuring that she’s no pushover: “As commander in chief, I will ensure America always has the strongest, most lethal fighting force in the world.”Least convincing denial. President Biden: “All this talk about how I am angry at the people who said I should step down, it is not true.”

Persons: JB Pritzker, Donald J, Trump, Kamala Harris, Biden Organizations: Democratic, United Center, Illinois Locations: Chicago, America

Celebrities and Notable Faces in the Crowd at the Democratic ConventionThousands of Democrats — delegates, party members, politicians and celebrities — filled Chicago’s United Center this week to nominate Vice President Kamala Harris and Governor Tim Walz of Minnesota for president and vice president. Doug Emhoff, the second gentleman Maya Harris, Tony West and Meena Harris Vice President Harris’s grand-niece Gov. After several guests highlighted Mr. Walz’s average-Joe persona and background as a football coach, he officially accepted the Democrats’ vice-presidential nomination. Senator Amy Klobuchar of Minnesota helped to introduce Mr. Walz before he took the stage, emphasizing his Midwestern roots. “America, I gave my best to you,” he said, reciting a phrase from the song “American Anthem” by Gene Scheer.

Persons: —, Kamala Harris, Tim Walz, Ms, Harris, Meena, Ella, Doug Emhoff, Maya Harris, Tony West, Meena Harris, Harris’s, Gov, Gus, Hope Octavia Spencer, Rosario Dawson, Padma Lakshmi, Joe, Sheryl Lee Ralph, Bill Clinton, Oprah Winfrey, Amy Klobuchar, Walz, Walz’s, Gwen, Tina Smith, Elizabeth Warren of, Mark Kelly of Arizona, Gabby Giffords, Arizona Julian Castro, Joaquin Castro of, Ilhan Omar, Minnesota Tony Goldwyn, Mark Hamill, J.B . Pritzker, Lil Jon soundtracked, Michelle Obama, Barack Obama, “, ”, Cole, Illinois Lil Jon, Mr, Emhoff’s, Barbara, Michael Cole, Emhoff's, Gretchen Whitmer, Wes Moore, Tony Evers, Andy Beshear, Maxine Waters, California Spike Lee, Wendell Pierce, Sean Astin, Hillary Clinton, Biden, Gene Scheer, Biden’s, ” Nancy Pelosi, Joe ” Organizations: Democratic, Chicago’s, Democrats ’, Joaquin Castro of Texas Rep, J.B, Illinois, Michigan Gov, Maryland Gov, Wisconsin Gov, Kentucky Rep Locations: Minnesota, Elizabeth Warren of Massachusetts, Arizona, Illinois, Kentucky, California, “ America

☆ The world's first airport to require biometric boarding is set to arrive in 2025
▼ + stars: | 2024-08-22 | by ( Kevin Williams | ) www.cnbc.com time to read: +4 min

As end-of-summer travel lines back up at TSA airport checkpoints in the U.S., one overseas airport is going all-in on a biometric passenger experience. The Smart Travel Project at Zayed International Airport in Abu Dhabi will involve biometric sensors at every airport identification checkpoint by 2025. Airport security and travel experts have generally cheered the move. "Facial recognition is the future, and we will start to get intelligent with airport security and focus on the traveler rather than the items they bring. Among the concerns expressed are what type of data someone would need to give during the biometric enrollment process, and whether biometric security processes will be used to track movements throughout the airport, or if biometric data will be used outside the airport.

Persons: Sheldon Jacobson, Jacobson, Saeed Saif Al Khaili, Mike Taylor, J.D, Power's, Shawn DuBravac Organizations: TSA, Smart, Zayed International Airport, University of Illinois, Zayed International, Federal Authority for Identity, Customs, Port Security, United Arab Locations: U.S, Abu Dhabi, UAE

☆ How the Mongols Motorcycle Club works, according to a former member
▼ + stars: | 2024-08-22 | by ( Victor Hugo Febres | Dylan Brzezinski | ) www.businessinsider.com time to read: 1 min

Justin DeLoretto served as a chapter president of the Mongols Motorcycle Club for 15 years in Oregon, Missouri, Illinois, and Indiana. He also influenced the founding of one of the largest Australian chapters, which served as a base for expansion into Asia. DeLoretto discusses initiation, prospecting, getting a patch, and brotherhood within the club. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Persons: Justin DeLoretto, DeLoretto Organizations: Mongols Motorcycle Club, Hells Angels, Outlaws, Pagans, Business Locations: Oregon , Missouri , Illinois, Indiana, Asia

Police in Ferguson, Missouri, on Tuesday released body camera and security videos of a man shown charging at a police officer and knocking him to the pavement, where he hit his head and was critically injured. Officer Brown suffered a severe head injury after he was knocked to the ground, police said. A still from security video shows a protester charging toward Officer Travis Brown in Ferguson, Mo. At an earlier news conference after the officer was injured, Doyle said the community has treated Ferguson police as a “punching bag” since 2014. Doyle said Travis Brown is the type of officer Ferguson needs.

Persons: Michael Brown, Troy Doyle, Elijah Gantt, Travis Brown, Brown, Gantt, Mo, Darren Wilson, ” Doyle, Doyle, Ferguson, Michael Brown’s, “, ” Gantt, Wesley Bell, Bell Organizations: Police, Ferguson MO, Department, YouTube Protesters Locations: Ferguson , Missouri, East St, Louis , Illinois, Ferguson, Louis

☆ Stocks making the biggest moves after hours: Alphabet, Flutter, Nu Holdings and more
▼ + stars: | 2024-08-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Flutter Entertainment — Shares of the gaming company surged more than 10% after a stronger-than-expected report for the second quarter. The parent company of Fanduel reported $3.61 billion in revenue, topping the $3.40 billion expected by analysts, according to LSEG. Nu Holdings — Shares of the Brazil-based financial firm climbed about 4% after a stronger-than-expected second quarter. Ibotta — The tech stock fell almost 9% after a wider-than-expected loss for the second quarter. Ibotta reported a loss of $1.32 per share, compared with an estimated loss of 85 cents per share, according to LSEG.

Persons: Draftkings, Mercury, Ibotta Organizations: Bloomberg News, Justice Department, Nu Holdings, . Mercury Systems Locations: U.S, Illinois, Brazil

☆ Lack of purpose may predict cognitive decline, study finds
▼ + stars: | 2024-08-13 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

Well-being and cognitive declineMore research is needed due to the lack of diversity in this study, which also includes the fact that participants were volunteers from communities with higher levels of education, the study authors said. It’s possible that poor well-being may lead to cognitive impairment and vice versa. On one hand, greater well-being may lower risk for cognitive impairment and dementia by mitigating the effects of Alzheimer’s disease processes on cognition, the authors said. Positive well-being has been associated with lower levels of inflammatory cytokines and lower cardiovascular risk, which can reduce risk of cognitive impairments. Compared with participants who remained cognitively intact, those who developed cognitive impairment were more likely to be older and have lower body mass index (BMI) and lower psychological well-being.

Persons: ”, Angelina Sutin, Sutin wasn’t, White —, “, Glen R, Finney, Finney wasn’t, ” Sutin, ” Finney, Sutin, — Organizations: CNN, Neurology Neurosurgery, Psychiatry, Florida State University College of Medicine, Alzheimer’s Association Locations: Illinois, Pennsylvania

☆ I was sick of spending my travel budget on weddings, so now I turn every invitation into a vacation
▼ + stars: | 2024-08-13 | by ( Anna Staropoli | ) www.businessinsider.com time to read: +4 min

To maximize pricey flights, I've leveraged weddings to explore places like West Palm Beach, Cleveland, and even my own city. Once in Sandusky, I maintained that eagerness, visiting Lake Erie, trying Culver's custard, and exploring Marblehead Lighthouse. To manage expectations, I've learned to treat each wedding trip as an introduction to a place. A few years ago, I planned my first post-wedding trip to Miami after a friend's West Palm Beach ceremony. Beyond visiting the Norton Museum of Art, I saw little of West Palm.

Persons: —, I've, Anna Staropoli, I'd, I'm, could've Organizations: Service, Business, Miami, Norton Museum of Art, Chicago Botanic Garden Locations: West Palm Beach , Cleveland, Ohio, Anna Staropoli Sandusky , Ohio, Cleveland, Sandusky, Lake Erie, Marblehead, Miami, Palm, West Palm, Canandaigua, Lake Canandaigua, Rochester , New York, Chicago, Shore, Lake Forest , Illinois

☆ Democrats continue to joke about false JD Vance rumor after years of criticizing Trump for spreading misinformation
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Alexandra Marquez | ) www.nbcnews.com time to read: +5 min

After years of condemning former President Donald Trump for spreading disinformation and conspiracy theories, Democrats are now poking fun at his running mate using a false, vulgar rumor. Walz told an arena filled with thousands of excited supporters: “I got to tell you, I can’t wait to debate [Vance]. JB Pritzker, who at the time was considered to be on the short list to be Harris' running mate, leaned into the joke twice in the following days. Erin Hooley / APOn the July 29 "White Dudes for Harris" Zoom fundraiser, Pritzker told attendees: "I’ll keep my remarks short. Representatives for the Trump and Harris campaigns, the Democratic Congressional Campaign Committee, Pritzker and Moskowitz did not return requests for comment.

Persons: Donald Trump, Sen, JD Vance's, Kamala Harris, Tim Walz, Walz, “, Vance, Harris smirked, ”, Harris, Kamala, chastise Walz, Jonathan Turley, Walz wasn't, Vance deriding, JD Vance, Donald Trump’s, JB Pritzker, Pritzker, Trump, Erin Hooley, Jared Moskowitz, Moskowitz, Dina Titus, Titus, what’s, Joe Biden Organizations: Minnesota Gov, Democratic Congressional, Republicans, ABC, Air Force, Saturday, Trump, Democrats Locations: Philadelphia, Illinois, Chicago, Las Vegas

☆ ICE Training Barely Covers De-Escalation, Promotes Agents Use of Force
▼ + stars: | 2024-08-12 | by ( Lila Hassan | ) www.businessinsider.com time to read: +15 min

But the Llanez family never learned whether Gonzalez had followed ICE training protocols, because the way ICE agents are trained has been largely hidden from the public. For years, civil-rights groups have sought to obtain, with limited success, complete ICE training documents to understand how that training affects use of force by agents in the field. And they also appear to place an emphasis on teaching ICE agents how to justify the use of force. Among the most important lessons ICE agents receive is when and how to use deadly force. One of the questions asks which steps an officer must take before initiating deadly force; the answer is "None, deadly force can be initiated immediately."

Persons: Ronaldo Gonzalez, Gonzalez, Fernando Llanez, Llanez, Jorge Hernandez, weren't, Hernandez, Miguel Alvarez, Ivón Padilla, " Alvarez, FLETC, Gonzalez didn't, Alvarez, isn't, John Bostain, Jim Trainum, Phillip Causey, Gabino Ramos Hernandez, Ramos, Causey, we're, Timothy Cerniglia, Cerniglia, You'll, we'll, Trainum, Christian Rodriguez Organizations: Type Investigations, Immigration, Business, ICE, Court, Southern, Southern District of, Investigations, of Homeland Security, University of Illinois Chicago, Federal, Training Centers, Department of Homeland Security, Federal Law, Department of Justice, Citizens, DHS, Metropolitan Police Department, Mississippi Bureau of Investigation Locations: Chula Vista , California, Chula Vista, Southern District, Southern District of California, Charleston , South Carolina, Glynco, Georgia, Washington ,, Laurel , Mississippi, Southern District of Mississippi, Mississippi

☆ Traders are betting on an outsized move in Deere on earnings this week — how to play it
▼ + stars: | 2024-08-12 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Deere (DE) , headquartered in Moline, Illinois, manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, and related components. One of the oldest companies in the United States, Deere traces its history back to John Deere's "self-scouring plow" in 1837. However, even assuming 50 bushels per acre and a $5/bushel average price increase, the revenue per acre would have risen by ~$250/acre. However, while Deere & Company stock has underperformed the S & P this year, its enterprise value is nearly $100 Billion, almost double the company's valuation in January 2020, just before the pandemic. Unsurprisingly, DE options are pricing in a larger-than-average 6% move when the company reports earnings on Thursday.

Persons: John Deere's, John Deere, outperforming, Massey Ferguson Organizations: Deere, Caterpillar, Deere & Company, Nasdaq, Farmers, CNH Industry, CNBC, NBC UNIVERSAL, ~$, ~ $ $ Locations: Moline , Illinois, United States, Mexico, Holland

☆ Restaurant CEOs’ new favorite word is value as they aim to bring back customers
▼ + stars: | 2024-08-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

"The word 'value' has received a lot of airtime in the past few months," Josh Kobza, the CEO of Burger King parent company Restaurant Brands International , said on Thursday. Value for shareholdersA drive-through area of a Burger King restaurant in Peoria, Ill. Daniel Acker | Bloomberg | Getty ImagesCompanies aren't just thinking about offering value for customers — they're also thinking about shareholder value. For example, Burger King was one of the first chains to unveil a $5 value meal this summer. When its rivals followed suit with their own $5 discount deals, the Restaurant Brands chain didn't see any clear impact to its business. "There are actually some positives to the focus on value across the industry," Restaurant Brands' Kobza told CNBC.

Persons: Mario Tama, McDonald's, Josh Kobza, Burger, There's, Taco Bell, Papa, Ravi Thanawala, Chris Kempczinski, Richa Naidu, Kempczinski, it's, Brian Niccol, Adam Jeffery, Niccol, John Peyton, IHOP, It's, Peyton, Daniel Acker, — they're, They're, Burger King, Kobza Organizations: Getty, Taco Bell, Yum Brands, Restaurant Brands, Bureau of Labor Statistics, Burger King, Reuters, Grill, CNBC, Brands, Peoria , Ill, Bloomberg, Starbucks, U.S Locations: Burbank , California, Burger King, Oak Brook , Illinois, Peoria ,

☆ Black Men Rally for Kamala Harris, and Confront an Elephant in the Room
▼ + stars: | 2024-08-11 | by ( Zolan Kanno-Youngs | Erica L. Green | ) www.nytimes.com time to read: +1 min

A day after Vice President Kamala Harris announced that she intended to seek the Democratic presidential nomination, more than 40,000 Black men from across the country convened on a virtual fund-raising call to discuss what the moment required of them. For four hours, one Black man after another — prominent politicians, activists, entertainers — laid out the challenges ahead for Ms. Harris, including the racist and sexist attacks they expected from her opponents. But it was not long before the men confronted the elephant in the room. “Sometimes as Black men we get confused as to what strength is, and sometimes we think that standing behind a Black woman as a leader does not display strength as Black men,” said Kwame Raoul, the attorney general of Illinois. “I’m standing behind a Black woman to be president of the United States, and it doesn’t make me any less of a Black man,” he said.

Persons: Kamala Harris, —, Harris, ”, Kwame Raoul, “, Mr, Raoul, “ I’m Organizations: Democratic Locations: Illinois, United States

What comes next could hinge on who gets to oversee labor relations after the election. The National Labor Relations Board — which polices unfair labor practices and mediates worker-management disputes — has become an aggressive union booster under Biden. While the agency’s policies typically shift depending on who’s in the White House, the change has been pronounced, labor experts and former NLRB staffers say. Before joining the law firm in 2022, White worked for a decade at a regional NLRB field office under the Obama, Trump and Biden administrations. Last year, the NLRB overturned a 50-year precedent, requiring employers to recognize a union if most workers sign authorization cards for one.

Persons: Joe Biden’s, —, ”, Michael LeRoy, haven’t, Donald Trump, Kamala Harris, ” LeRoy, “ Biden, Joel White, Fox Rothschild, White, Trump, Peter Robb, Jennifer Abruzzo, “ It’s, Rebecca Leaf, Ballard Spahr, Obama, Leaf, ” White, Kate Bronfenbrenner Organizations: National Labor Relations Board, Biden, NLRB, School of Labor, Employment, University of Illinois, Fox, Obama, Trump, “, Cornell University’s School of Industrial and Labor Relations, Hollywood, United Auto Workers Locations: Detroit, Hollywood, University of Illinois Urbana, Champaign, Biden’s, Buffalo , New York

☆ A transgender woman was found killed in a West Baltimore alleyway, prompting demands for answers and justice
▼ + stars: | 2024-08-10 | by ( Alaa Elassar | ) edition.cnn.com time to read: +7 min

Police had not publicly speculated on a motive or announced an arrest in connection with the killing as of Thursday. Homicide detectives were investigating her death and no further details regarding her death were available, Baltimore police Detective Niki Fennoy told CNN on Thursday. The impact of anti-trans violence negatively impacts our mental health and our ability to live healthy and happy lives,” Cooper told CNN. “I’m very stressed and distraught about the death of Tai, especially in this time due to her tragic and violent death,” Desire Bandz, a 30-year-old transgender woman also living in Baltimore, told CNN. Maryland has had 18 killings of transgender people since 2013 – the eighth-highest total by state in that time, tied with Illinois, according to HRC.

Persons: Tai’Vion Lathan, Tai, ’, ” Lathan’s, Carolyn Robinson, Owens, Lathan, Tai’Vion, Niki Fennoy, Lathan’s, Mary Robinson, Tori Cooper, ” Cooper, “, it’s, ” Desire Bandz, ” Bandz, ”, “ We’re, Baltimore Mayor Brandon Scott, CNN’s Nia Mclean Organizations: CNN, Police, Human, Homicide, Baltimore, Baltimore police, Metro, Baltimore Safe, “, Baltimore Mayor, WMAR, Illinois, HRC Locations: Baltimore’s West Baltimore, United States, West, Baltimore, America, WMAR . Maryland

Also Friday, amid mounting pressure, Sangamon County Sheriff Jack Campbell announced he would retire by Aug. 31, saying it had become clear that he could not continue effectively in his role. The encounter ended with Grayson shooting Massey in the head. After shooting Massey, Grayson discouraged the other deputy from rendering aid, citing the severity of her injury, according to body camera video. The deputy still rendered aid and stayed with Massey until medical help arrived, prosecutors have said. On July 17, Grayson was fired from the Sangamon County Sheriff’s Office, where he had been employed since May 2023.

Persons: —, Sonya Massey, Jack Campbell, Sean Grayson, Massey, Ryan M, Cadagin, Massey’s, Grayson, “, ”, Mark Wykoff, ” Wykoff, Mary Beth Rodgers, Wykoff, Campbell, ” Massey, Jesus, Illinois State Police “, ” Grayson, JB Pritzker, Pritzker Organizations: Services, Illinois State Police, Office, NBC Chicago, Sangamon, Gov, Republican, NBC News Locations: SPRINGFIELD, Ill, Illinois, Sangamon County, Springfield, Grayson, Menard County, Sangamon, Springfield , Ill, Menard, Logan, Logan County

☆ Scientists propose warming up Mars by using heat-trapping 'glitter'
▼ + stars: | 2024-08-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

The idea of transforming Mars into a world more hospitable to human habitation is a regular feature of science fiction. “The key elements of our paper are a novel proposal to use engineered nanoparticles to warm Mars’ atmosphere, and climate modeling that suggests this approach could be much more efficient than previous concepts. NASA has sent robotic rovers to explore the Martian surface and the InSight Lander to study the planet’s interior. The median Martian surface temperature is about minus-85 degrees Fahrenheit (minus-65 degrees Celsius). For example, in the unlikely event that Mars’ soil contains irremediable compounds toxic to all Earth-derived life, then the benefit of warming Mars is nil,” Kite said.

Persons: ”, Edwin Kite, Lander, Samaneh Ansari, ” Ansari, Mars, ” Kite, “ Organizations: University of Chicago, NASA, Northwestern University, Illinois Locations: U.S

☆ Illinois Sheriff Will Resign Amid Backlash Over Fatal Shooting by Deputy
▼ + stars: | 2024-08-09 | by ( Orlando Mayorquín | ) www.nytimes.com time to read: +1 min

Jack Campbell, the Illinois sheriff whose deputy was charged with murder after fatally shooting a Black woman in her home last month, said Friday that he would leave his position by the end of the month amid calls from the public and the governor that he do so. The sheriff said in a statement obtained by WAND, a local television news station, that the “current political climate” made it impossible for him to continue in his role leading the Sangamon County Sheriff’s Office and that he would retire no later than Aug. 31. Sheriff Campbell had previously said he would not resign as he faced criticism for having hired Sean Grayson, the white deputy who shot Sonya Massey, 36, despite knowing that Mr. Grayson, 30, had two convictions for driving under the influence on his record, including one that had led to Mr. Grayson’s premature discharge from the Army in February 2016. Mr. Grayson fatally shot Ms. Massey at her home in Springfield, Ill., on July 6 after she had called the emergency services because she believed an intruder was in her home.

Persons: Jack Campbell, Sheriff Campbell, Sean Grayson, Sonya Massey, Grayson, Massey Organizations: Sangamon County Sheriff’s, Army Locations: Illinois, Sangamon County, Springfield , Ill

☆ Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.
▼ + stars: | 2024-08-08 | by ( Allie Kelly | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Read previewFormer President Donald Trump said that if he's elected, he'd cut taxes on Social Security benefits for older Americans — but the policy risks shrinking those funds sooner than expected. "People on Social Security are being killed, and one of the things I'm doing is no tax for seniors on Social Security, and I'll get it done quickly." Trump had previously pitched his plan to eliminate taxes on Social Security, writing on his social-media platform Truth Social on July 31: "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!" Trump has vowed not to cut Social SecurityTrump has previously taken a strong position on Social Security — one at odds with many members of his own party who have faced criticism from Democrats for calling for Social Security cuts. For example, Trump said in January 2023 that "under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security."

Persons: —, Donald Trump, Trump, Garrett Watson, Trump's, we'll, Social Security Trump, Biden, Kamala Harris Organizations: Service, Social Security, Fox &, Republican, Business, Social, The Tax, Security, Republican National Committee, Democratic, Medicare, Affordable Locations: Illinois

☆ Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
▼ + stars: | 2024-08-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners. Total mortgage application volume rose 6.9% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Despite the downward movement in rates, purchase activity only saw small gains, with an increase in conventional purchase applications offset by decreases in government purchase applications. "This is how things often play out when the bond market forces a quick move to extreme rate levels. For example, several of the biggest drops in daily mortgage rates have followed quick moves to long-term highs," wrote Matthew Graham, chief operating officer at Mortgage News Daily.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: Hawthorn Woods , Illinois

Harris expected to announce her VP pickBy the end of the day, the world will know who Kamala Harris’ 2024 running mate will be. This is Morning Rundown, a weekday newsletter to start your day. Simone Biles won the silver medal in the floor exercise, bringing her final Paris medal count to four: three golds and one silver. Google’s antitrust loss is a win for internet regulatorsIn a massive antitrust lawsuit ruling, a federal judge found that Google has an illegal monopoly on search engines and text advertisements. Despite some posts and influencers recommending close to 100 grams of protein per day, experts say the answer is far less.

Persons: Kamala Harris, Harris, Kamala Harris ’, Josh Shapiro, Sen, Mark Kelly of, Tim Walz —, JB Pritzker, Andy Beshear, Pete Buttigieg, Joe Biden, Donald Trump, Read, Simone Biles, Suni Lee, Biles, Jordan Chiles, Brazil’s Rebeca Andrade, Chiles, Andrade, Elsa, Gabby Thomas, McKenzie Long, Brittany Brown, Noah Lyles, Spain’s, Peacock, Debby, Biden, TikTok, dietitians, Cori Bush, Dan Newhouse, Trump, Clarence Thomas, Domenick Fini, he’s, — Melissa Chan, Elizabeth Robinson Organizations: Google, Pennsylvania, Minnesota Gov, Illinois Gov, Kentucky Gov, Paris, National Hurricane Center, U.S, Asad Air Base, NBC News, White, Republican, NBC, An Army, CDC, WHO, Marion County Record Locations: U.S, Philadelphia, Mark Kelly of Arizona, Minnesota, Kentucky, Paris, Los Angeles, ’, Spain, France, Morocco, Egypt, Tropical, Georgia, Florida, United States, South Carolina, North Carolina, Gainesville , Florida, Mississippi, Florida , Georgia, Iraq, Jordan, Israel, Lebanon, Iran, Missouri, Kansas , Michigan , Missouri, Washington, Kansas, Virginia

WASHINGTON — Vice President Kamala Harris is expected to reveal her vice presidential pick Tuesday, ahead of their first rally together in Philadelphia in the evening, according to two sources familiar with the plan. The rollout Tuesday will likely look similar to past major announcements, including digital video and social media components, as well as a fundraising appeal, these sources said. The Harris campaign will also disseminate various text messages to its supporters throughout the day, as has been a common practice in the past around big moments. The highly anticipated decision comes after Harris met in person Sunday with three of the contenders who have been under consideration as her vice presidential pick — Pennsylvania Gov. On Friday, Harris secured a majority of support as part of a virtual roll call from Democratic National Committee delegates needed to win the party’s nomination for president.

Persons: WASHINGTON, Kamala Harris, Harris, Josh Shapiro, Arizona Sen, Mark Kelly, Tim Walz —, JB Pritzker, Andy Beshear, Pete Buttigieg, Eric Holder, Burling Organizations: Pennsylvania, Minnesota Gov, Illinois Gov, Kentucky Gov, Burling LLP, Naval, Democratic National Committee Locations: Philadelphia, Arizona, Kentucky, Covington, Chicago

The trip highlights the generational gap between Harris and President Joe Biden and former President Donald Trump, Democratic allies said. Noah Lyles wins gold in epic photo finishDimitar Dilkoff / AFP - Getty ImagesLyles earned his first gold medal in 9.79 seconds, which was a personal best. Lyles was still unconvinced he had won the gold medal after finishing and the scoreboard offered no indication of who had won gold, silver or bronze as officials processed a photo finish. Track and field holds four medal events and surfing will finally have its medal day. ▶️ Watch top highlightsDebby makes landfall in Florida as a Category 1 hurricaneHurricane Debby has made landfall in Florida’s Big Bend as a Category 1 hurricane.

Persons: Kamala Harris, Hurricane, Noah Lyles, Harris, John Bazemore, Harris ’, Andy Beshear, Pete Buttigieg, Sen, Mark Kelly of, JB Pritzker, Josh Shapiro, Tim Walz, Joe Biden, Donald Trump, Biden, Trump, “, Nikki Haley, Dimitar Dilkoff, Lyles, Jamaica’s Kishane Thompson, Fred Kerley, Thompson, ” Lyles, Kerley, Peacock, Read, ste, Caro, Ron, Flor, rais e d fear, ron e, Rob e, Ari z, ena, go to a, ake is b, ✦, lea, ree Organizations: Kentucky, Mark Kelly of Arizona ,, Mark Kelly of Arizona , Illinois Gov, Minnesota Gov, Democratic, Trump, Republicans, Getty, Olympic, ust, NBC, POLI Locations: Florida, Mark Kelly of Arizona, Mark Kelly of Arizona , Illinois, Pennsylvania, Philadelphia, AFP, bou, spee, sto

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