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☆ The House G.O.P.’s Incredible Shrinking Majority
▼ + stars: | 2024-01-16 | by ( Carl Hulse | More About Carl Hulse | ) www.nytimes.com time to read: +2 min

Just a few canceled flights or cases of Covid can mean the difference between winning and losing on the floor. “It is tricky,” Mr. Schumer said. “It’s sort of magic,” said Mr. Schumer. Even on the issues that seemingly unite them against Democrats, like potential impeachments or contempt citations, Mr. Johnson will have to thread the needle precisely to succeed. In planning potential votes this week on holding Hunter Biden in contempt of Congress, Republican leaders said they would need absolutely all available hands on deck.

Persons: Johnson, Chuck Schumer, Kamala Harris, Mr, Schumer, “, ”, ” Mr, Hunter Biden Organizations: Senate Democrats, New York Democrat, Republican

☆ The ‘Brotherly Shove’: Why in vogue ‘Tush Push’ has become unstoppable play in the NFL
▼ + stars: | 2024-01-15 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

Yet the Philadelphia Eagles seem close to harnessing the power of certainty thanks to one play: “The Brotherly Shove.”A play on Philadelphia’s “City of Brotherly Love” nickname, the “Brotherly Shove” – also known as “The Tush Push” – has become the NFL’s most talked about play. The “Tush Push” is the Eagles’ own version of the quarterback sneak and is brought out when Philadelphia finds itself in short-yard situations. The brotherly shove has become the NFL's most talked about play. “Games are being decided by [the ‘Tush Push’] and the Eagles are winning games because of it. The formidable Eagles offensive line is always one step ahead of the opposition when it comes to the "Tush Push."

Persons: ”, Jalen, Eric Hartline, Brian Baldinger, Baldinger, you’ve, ” Baldinger, They’ve, Mike Carlson, Nick Sirianni’s, Brooks Kubena, Kubena, “, It’s, ‘, Shane Steichen, Brian Johnson, they’ve, Jason Kelce, Lane Johnson, Jordan Mailata, Cooper Neill, ” Richie Gray, Kelce, Gray, Jeff Stoutland, ” Gray, Ronald Martinez, Kenneth Gainwell, DeVonta Smith, D’Andre Swift, “ They’ve, “ It’s, it’s, Sirianni, ” Sirianni, Troy Vincent, Nick Bosa Organizations: CNN, National Football League, Philadelphia Eagles, Eagles, Tampa Bay Buccaneers, USA, Sports, Reuters, NFL, CNN Sport, Star, “, Indianapolis Colts, Dallas Cowboys, Athletic’s Eagles, Philadelphia, Arizona Cardinals, Washington, French rugby club Toulon Locations: “ City, Philadelphia

☆ Congressional Leaders Unveil Stopgap Bill to Head Off Shutdown
▼ + stars: | 2024-01-14 | by ( Catie Edmondson | ) www.nytimes.com time to read: +1 min

Congressional leaders unveiled stopgap legislation on Sunday to avert a partial government shutdown, teeing up a race to pass the bipartisan spending deal into law before a deadline at the end of the week. The bill, which came out of a spending deal negotiated by Speaker Mike Johnson and Senator Chuck Schumer, the majority leader, would temporarily extend funding for some federal agencies until March 1 and for others through March 8. It would keep the government funded at its current spending levels, without any policy changes or conditions. In a sign that Democrats were preparing to muster the bulk of the votes to pass the bill, Representative Hakeem Jeffries of New York, the minority leader, signaled his backing of the bill on Sunday night. He wrote to his caucus that he was “in strong support of the effort to keep the appropriations process moving forward and avoid a disruptive partial government shutdown.”

Persons: Mike Johnson, Chuck Schumer, Johnson, —, Republicans —, Kevin McCarthy, Hakeem Jeffries Organizations: Republicans Locations: New York

INDIANOLA, Iowa (AP) — Marc Smiarowski hunched over to fight off the minus 18-degree Fahrenheit (minus 28 degrees Celsius) chill on Sunday, waiting for the doors to open for Donald Trump’s midday rally at a small college outside Des Moines. The major candidates spent Sunday in the state trying to shore up support and find Iowans who remain persuadable before the caucuses. He hopes Haley will do well in the caucuses, which he will attend despite the bitter cold. ___Fingerhut reported from Dubuque, Iowa, and Cooper reported from Phoenix. Associated Press writers Jill Colvin and Meg Kinnard in Des Moines, Iowa, contributed to this report.

Persons: — Marc Smiarowski hunched, Donald Trump’s, “, ”, Kailie Johnson, ” Johnson, Johnson, Trump, Nikki Haley, Haley, Ron DeSantis, they’re, DeSantis, CNN's, “ We’re, you’re, Kathy DeAngelo, “ Trump, ” DeAngelo, ’, Wanda Spiker, Vivek Ramaswamy, John Schmid, It’s, ___ Fingerhut, Cooper, Jill Colvin, Meg Kinnard Organizations: Las Vegas Raiders, Simpson College, Trump, Iowa Republicans, Florida Gov, “, Union, Republican, Phoenix . Associated Press Locations: INDIANOLA , Iowa, Des Moines, Smiarowski, Huneston, Iowa, CNN's “ State, Indianola, Kentucky , Ohio , Kansas , Illinois, Minnesota , Missouri , Wisconsin, Nebraska, America, Vietnam, Dubuque, Asbury, Dubuque , Iowa, Phoenix, Des Moines , Iowa

☆ The biggest risks US businesses face in 2024
▼ + stars: | 2024-01-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

But, while businesses have plenty to be grateful for and much to be optimistic about, the coast isn’t clear. Last week, surveys from the National Federation of Independent Business (NFIB) and The Conference Board detailed the biggest risks that businesses are currently worried about. Here are some of the biggest risks for American businesses in 2024. Those financial stresses can reduce the willingness of banks to lend to others businesses and also to consumers,” she said. Bank earnings look really bad this quarter.

Persons: there’s, “, John Maynard Keynes, ”, ” Dana Peterson, Bill Dunkelberg, ” Peterson, ” Suzanne Clark, We’re, Mike Johnson, Chuck Schumer, Fitch, Clark, JPMorgan Chase, Nicole Goodkind, Krystal Hur, FactSet, Martin Luther King Jr, Morgan Stanley, Goldman Sachs Organizations: CNN Business, Bell, DC CNN, Federal, National Federation of Independent Business, Board, US, of Commerce, of American, Conference Board, Conference, CNN, Fed, Corporate, US Chamber of Commerce, chamber’s State of American, AAA, Moody’s Investors Service, US Chamber, Commerce’s, Google, Citigroup, Bank, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, FDIC, Citi, China’s National Bureau of Statistics, Alcoa, National Statistics, US Commerce Department, US Labor Department, Federal Reserve, University of Michigan, National Association of Realtors Locations: Washington, Wells, Corporate America, chamber’s State, BlackRock, Amazon, Argentina, Japan

☆ Moderate Democrats could save House Speaker Johnson from wrath of hard-line conservatives over spending deal, says report
▼ + stars: | 2024-01-13 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Some Democrats are prepared to defend Speaker Mike Johnson from far-right Republicans, NBC News reported. Dissent has grown among Republicans after Johnson brokered a bipartisan spending deal. AdvertisementA group of moderate Democrats has signaled their readiness to support Republican House Speaker Mike Johnson if hard-line conservatives attempt to remove him from power, echoing the ousting of his predecessor, Kevin McCarthy, NBC News reports. The pledge of support provides Johnson with a stronger standing amid fresh threats from far-right members dissatisfied with the bipartisan spending deal he brokered. In a meeting with conservatives, including MAGA sentinel Rep. Marjorie Taylor Greene, who opposes the spending deal, Johnson maintained, "Our top-line agreement remains."

Persons: Mike Johnson, Johnson, Scott Peters, —, Kevin McCarthy, Chuck Schumer, Johnson's speakership, MAGA, Marjorie Taylor Greene, Hakeem Jeffries, Jeffries, NATHAN HOWARD Organizations: Republicans, NBC News, Service, Republican, NBC, Democrat, Democratic

☆ Everything you need to know about Republicans moving forward on impeaching Homeland Security Secretary Alejandro Mayorkas
▼ + stars: | 2024-01-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +10 min

House Republicans are rallying around a push to impeach Homeland Security Secretary Alejandro Mayorkas. On Wednesday, House Republicans are set to consider the impeachment of Homeland Security Secretary Alejandro Mayorkas. As Homeland Security secretary, Mayorkas oversees a vast agency that includes U.S. Customs and Border Protection. The Homeland Security Department notes that for all these reasons apprehending a migrant on the watchlist is extremely rare. A Department of Homeland Security spokesperson said in a statement that there is simply "no valid basis" to impeach Mayorkas.

Persons: Alejandro Mayorkas, —, Joe Biden, Mayorkas, Marjorie Taylor Greene, Virginia Foxx, Anthony D'Esposito, Mike Johnson, Mark Green, Green, Troy Miller, Politifact, Biden, Trump, Johnson, Mia Ehrenberg, Bennie Thompson of, Thompson, William Belknap, Grant, Belknap, Ulysses S, Donald Trump, It's, Ken Buck, Buck, Greene, Tom McClintock Organizations: Republicans, Homeland, Service, House Republicans, House Democrats, Biden, CNN, Freedom Caucus, Republican, New York, Homeland Security, Mayorkas, U.S . Customs, GOP, CBS, Democratic, White, Protection, Washington Post ., Customs, Post, NPR, New York Times, Homeland Security Department, Capitol, Politico, Department of Homeland Security, Russia, Twitter, Supreme Locations: Georgia, Rep, North Carolina, New, House, U.S, Bennie Thompson of Mississippi, United States, Ken Buck of Colorado, California

Congressional leaders announced a $1.59 trillion deal on top-line spending Sunday as the government races to avoid a potential shutdown. The deal establishes an overall spending budget of $1.59 trillion for the 2024 fiscal year, allocating $886 billion to military spending and $704 billion for non-defense spending, said Republican House Speaker Mike Johnson of Louisiana said in a Sunday note. The deal comes as the House and Senate inch closer to a key Jan.19 deadline, when funding runs out for many federal agencies. "It will also allow us to keep the investments for hardworking American families secured by the legislative achievements of President Biden and Congressional Democrats." Some of the concessions made include a $10-billion cut to IRS mandatory funding under the Inflation Reduction Act and $6.1 billion of the "COVID-era slush funds."

Persons: Chuck Schumer, Mike Johnson, Johnson, Schumer, Hakeem Jeffries, Biden, year's Schumer, Pelosi Organizations: U.S, Capitol, Congressional, Republican, Committee, America Locations: Washington , DC, Louisiana

☆ Good news, bad news. Record dividends paid to investors in 2023, but buybacks plunged
▼ + stars: | 2024-01-04 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

Good news for long-term investors: corporate America paid a record amount in dividends last year, even as the S & P 500 approached a near-record high. A record year for dividends In 2023, companies in the S & P 500 paid out $588 billion in dividends, a new record. S & P 500 dividend yield history (average yield) Since 1936: 3.49% Last 10 years: 1.83% Last 5 years: 1.67% 2023: 1.5% Source: S & P Global Why has the dividend yield been going down? Second, with the exception of 2022, stock prices and particularly the S & P 500 have been on a tear. (% of index members who pay a dividend) S & P 500: 80.1% S & P MidCap: 65.8% S & P SmallCap: 57.8% Source: S & P Global In the S & P 500, 328 companies (65%) increased their dividends (dollar payout) last year.

Persons: Howard Silverblatt, buybacks, Silverblatt, Johnson Organizations: America, P, Global, Coterra Energy, Natural Resources, Diamondback Energy, Companies, Microsoft, ExxonMobil, JPMorgan, Verizon, Johnson, Apple, Federal, & $ Locations: buybacks, Devon, America

☆ Check out the 6,000-calorie daily diet an NFL lineman used to gain 20 pounds while lowering his blood pressure
▼ + stars: | 2023-12-31 | by ( Meredith Cash | ) www.businessinsider.com time to read: +2 min

The 4-time Pro-Bowler said his protein-rich diet helped him gain weight while dropping his blood pressure. Here's what the offensive lineman eats in a typical day to support his 6-foot-6, 325-pound frame. AdvertisementAccording to The Athletic, switching to his protein-heavy — albeit calorically dense — diet helped Johnson pack on an extra 20 pounds. Philadelphia Eagles offensive linemen (from left): Jordan Mailata, Lane Johnson, and Jason Kelce. Tim Heitman-USA TODAY SportsHere's what Johnson's typical daily intake entails

Persons: Lane Johnson, Bowler, —, Eric Hartline, Johnson, Jordan Mailata, Jason Kelce, Tim Heitman Organizations: Philadelphia Eagles, Service, National Institutes of Health, The Athletic, Eagles

☆ Eli Lilly vs. Novo Nordisk: The pros deliver their verdict on the viral weight-loss stocks
▼ + stars: | 2023-12-06 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

It has been quite a year for both Eli Lilly and Novo Nordisk given the boom in weight-loss drugs. Shares in Eli Lilly are up around 60% year-to-date, while its Danish counterpart Novo Nordisk has seen a gain of around 50%. At present, both Eli Lilly and Novo Nordisk offer weight loss treatments. Novo Nordisk Novo Nordisk's Wegovy recently made headlines for reducing the risk of heart attacks and strokes by 20% in adults with heart disease and obesity. Aside from Eli Lilly and Novo Nordisk, Pfizer , Johnson & Johnson and AstraZeneca are also developing weight-loss drugs.

Persons: Eli Lilly, Stocks, Rahul Ghosh, Rowe Price, TRP's Ghosh, Eli Lilly's, Ghosh, FactSet, Lilly, Novo Nordisk Novo Nordisk's Wegovy, Elizabeth Field, Squawk, What's, it's, Michael Bloom Organizations: Novo Nordisk, Nordisk, CNBC Pro, U.S . Food, Administration, pharma, Novo Nordisk Novo Nordisk's, Heart Association Scientific, Citi, Pfizer, Johnson, AstraZeneca, Barclays Locations: Danish, U.S, Novo

☆ People are moving to Canada dreaming of a utopia with free healthcare and more tolerance. But the reality is Canada has its own set of problems.
▼ + stars: | 2023-12-05 | by ( Jordan Pandy | Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

Two Americans who moved to Canada told Business Insider they did so to escape polarized and divisive politics, inadequate healthcare, and to feel safer in their communities. A lot of the characteristics Ouellet was looking for in New Zealand, he said, he found in British Columbia. Advertisement"In British Columbia, the regulations for being able to own a gun are extremely tight," he said. He added that there is still an opioid crisis in British Columbia, but it's not as striking as it is in Portland. Ouellet has no regrets about moving to British Columbia, but Canada's housing crisis sidelined his dreams of homeownership.

Persons: —, Rae Johnson, Johnson, Donald Trump, Hillary Clinton, wasn't, Joe Biden, Roe, Wade, Michael Niren, couldn't, Niren, United States —, Canada Chris Ouellet, Ouellet, hasn't, it's, he's Organizations: Service, Business, Trump, Ministry of Health Locations: Canada, Los Angeles, California, United States, American, Portland , Oregon, Victoria, British Columbia, Wellington , New Zealand, New Zealand, Pacific Northwest, Portland, Chicago

☆ White House says it is nearly out of money to help Ukraine fight war with Russia
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Dec 4 (Reuters) - White House budget director Shalanda Young warned in a letter to Republican House Speaker Mike Johnson and other congressional leaders on Monday that the United States was running out of time and money to help Ukraine fight its war with Russia. President Joe Biden's administration in October asked Congress for nearly $106 billion to fund ambitious plans for Ukraine, Israel and U.S. border security. Republicans control the House of Representatives with a slim majority, and funding for Ukraine has become politically controversial with some right-leaning lawmakers. Young said in a letter released by the White House that cutting off funding and a flow of weapons to Ukraine would increase the likelihood of Russian victories. We are out of money — and nearly out of time."

Persons: Shalanda Young, Mike Johnson, Joe Biden's, Young, —, Jeff Mason, Jamie Freed Organizations: White House, Republican, Republicans, White, Thomson Locations: United States, Ukraine, Russia, Israel, U.S

But Greene said she had a tougher time connecting with Speaker Mike Johnson, who doesn’t have a strong relationship with the congresswoman. “I haven’t heard much from him,” Greene told CNN earlier this week. Greene said Johnson heard her out and gave her assurances that her impeachment articles would move through committee and on to the floor. Taking a page from his predecessor’s playbook, Johnson has tried to dole out commitments and face-time to some of his potential critics. GOP Rep. Bob Good of Virginia said the Freedom Caucus made clear to the speaker on Thursday what their expectations are.

Persons: Marjorie Taylor Greene, Alejandro Mayorkas, Greene –, –, Kevin McCarthy’s, Greene, Mike Johnson, Johnson, ” Greene, George Santos, playbook, Max Miller, ”, He’s, I’m, ” Miller, he’d, I’ve, Chip Roy, Roy, “ We’re, McCarthy, Matt Gaetz, Hunter, James Biden, Scott Perry, Scott Perry of Pennsylvania, they’d, Kevin McCarthy, Dusty Johnson, “, McCarthy derangement, Tom Cole of, “ It’s, She’s, ” Rep, Don Bacon, Joe Biden, impeaching Mayorkas, Darrell Issa of, Issa, It’s, Tom McClintock of, bombast, ” McClintock, Rashida Tlaib, there’s, Santos, can’t, Bob Good, Virginia, ” Good, Mike Garcia, Mike, ” Roy Organizations: Georgia Republican, impeaching Homeland, Republican, CNN, Louisiana Republican, GOP, Ohio Republican, Texas, Freedom Caucus, White, Capitol, Republican Conference, South Dakota Republican, ” Veteran GOP, ”, GOP Rep, Caucus, Democratic Locations: Georgia, Louisiana, Israel, Florida, Scott Perry of, “, Tom Cole of Oklahoma, Nebraska, Darrell Issa of California, Tom McClintock of California, Ukraine, Taiwan, ” California

☆ Airbnb hosts both love and loathe Christmas as they try to make as much money as possible: 'It's something we count on for the winter months'
▼ + stars: | 2023-12-02 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"It's something we count on for the winter months," Johnson told Business Insider. Hosts like Johnson will charge as much as they need to — so it's no shock your Christmastime Airbnb costs a pretty penny. Courtesy of AirDNAAirDNA data shows the last week of the year is typically the second highest-income week for short-term rentals, surpassed only by the Fourth of July. But for Thanksgiving, it was listed for $1,500 to $1,700 per night; around Christmas, it will go for $2,000 to $2,300 a night.

Persons: —, Melinda Johnson, Johnson, they'd, Jamie Lane, Lane, Austin Weinerman, Weinerman, Ryan Villines Organizations: Service, nab, Business Locations: Tennessee, Smoky, Angeles, South Florida, Warsaw , Missouri, Acapulco

☆ With Santos Ouster, a Chaotic Congress Makes History Again
▼ + stars: | 2023-12-01 | by ( Luke Broadwater | More About Luke Broadwater | ) www.nytimes.com time to read: +1 min

Moments after House members cast a historic vote to expel Representative George Santos of New York, Speaker Mike Johnson banged the gavel with a grim look on his face. “In light of the expulsion of the gentleman from New York, Mr. Santos, the whole number of the House is now 434,” he announced gravely to an uncommonly silent House chamber, looking down with a faint grimace. It made official what had been apparent in recent days — that many of his fellow Republicans had been willing to defy his wish to keep Mr. Santos, a serial fabulist, in Congress, and that Mr. Johnson and his party were now facing ever-more brutal political math. Their slim four-vote majority has dwindled to just three. That will make governing more difficult for Republicans, who have already had immense trouble corralling their fractious members to steer legislation through the closely divided House.

Persons: George Santos, Mike Johnson, Santos, ”, Johnson Organizations: Republicans Locations: George Santos of New York, New York, Congress

☆ Rep. George Santos expelled from Congress for corruption, cutting GOP majority
▼ + stars: | 2023-12-01 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Rep. George Santos (R-N.Y.) arrives to speak about the House Ethics Committee report and potential expulsion from Congress this week during a press conference outside on Capitol Hill on Thursday, Nov. 30, 2023, in Washington, DC. The House voted Friday to expel Rep. George Santos from Congress for his alleged finance crimes and his campaign lies, shrinking the GOP's already slim majority. Santos is the sixth House member in U.S. history to be booted from Congress, and the third since the Civil War. Former Democratic Rep. Tom Suozzi, who left the seat in New York's 3rd congressional district to run for governor, has already launched a campaign to take it back. The resolution, brought by Santos' fellow New York Republicans was the latest effort to boot the embattled 35-year-old freshman lawmaker.

Persons: George Santos, Santos, Kathy Hochul, Hochul, Tom Suozzi, Mike Johnson, Steve Scalise Organizations: The, Congress, New York Republican, Republicans, Democratic, Republican, New York Republicans Locations: Washington ,, York, New York's, Long

☆ Here are Friday's biggest analyst calls: Tesla, Boeing, Amazon, Delta, Spotify, Alibaba, Johnson & Johnson and more
▼ + stars: | 2023-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the biggest calls on Wall Street on Friday: Stifel initiates Boeing at buy Stifel said it sees a "favorable" setup for Boeing shares. Citi downgrades Spotify to neutral from buy Citi said in its downgrade of Spotify that the risk/reward is less compelling. Jefferies initiates Arcos Dorados as a buy Jefferies said the Latin American McDonald's franchisee is a "consistent compounder." Jefferies initiates CSG Systems as buy Jefferies said in its initiation of the software-as-a-service company that it sees burgeoning growth. Jefferies initiates Amdocs as buy Jefferies said it sees opportunity for the Israel-based software and systems integration supplier. "

Persons: Stifel, TD Cowen, Morgan Stanley downgrades Alibaba, Morgan Stanley, it's, Alibaba, Tesla, Cantor Fitzgerald, Cantor, Jefferies, Piper Sandler, TXRH, Wells, Wells Fargo, Emerson, Oppenheimer, Goldman Sachs, Bonnie Herzog's, MarketWise, Redburn, Johnson Organizations: Boeing, Delta, Air Lines, Citi, Spotify, RBC, Western Alliance, Novo Nordisk, Arcos, American, Crescent Energy, Fortrea Holdings, ISI, Aspen Technology, Emerson, JPMorgan, Constellation Brands, Constellation, UBS, Bank of America, Norfolk Southern, of America, Norfolk, CSG Systems, Communication Service, Financial Services, Technology, Healthcare, Westinghouse, Johnson, Innovative Medicine, Pharmaceutical Locations: Europe, China, Arcos, 4Q24, reaccelerate, Aspen, Norfolk, Israel

☆ One ETF that focuses on employee happiness is outperforming the market this year
▼ + stars: | 2023-12-01 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Executives don't need to worry about Irrational misrepresenting their company, and participation can open them up to potential inclusion in products such as an ETF, van Adelsberg said. In total, the ETF recently held nearly 150 equities and is benchmarked to the CIBC Human Capital Index. Still, the team noted some challenges in building broader awareness of what human capital is or why it matters. "In this market, what we're seeing is that those companies who have strong human capital ratings are outperforming," van Adelsberg said. "The role that human capital plays in driving future equity performance isn't going down.

Persons: doesn't, Kristof Gleich, –, it's, Gleich, …, Morningstar, HAPI, David van Adelsberg, van Adelsberg, Eli Lilly, Johnson, Berkshire Hathaway, JPMorgan Chase, they've, It's Organizations: Capital Factor, Capital Advisors, Irrational, ETF, Microsoft, Apple, Nvidia, Meta, Morningstar, Mastercard, Berkshire, CIBC Human, JPMorgan, Securities, Exchange

☆ Swedish property firms should cut debt, raise equity, Riksbank chief says
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +3 min

Commercial property companies ramped up borrowing when rates were low and some are now struggling to pay off or roll-over debt after eight interest rate hikes by the central bank. Thedeen said many companies in the commercial real estate sector needed to restructure their balance sheets. Even if rates have peaked, problems for the commercial real estate sector are not over. Short-dated debt and large refunding needs mean "the Swedish property sector has more risk" than in other European countries, Maria Gillholm, senior credit officer at Moody's, said. The commercial real estate sector triggered a financial crisis in Sweden in the early 1990s and authorities have said it is once again the biggest risk to financial stability.

Persons: Erik Thedeen, Jonas Ekstromer, Thedeen, It's, Riksbank, Moody's, Maria Gillholm, Simon Johnson, Terje Solsvik, Essi Lehto, Susan Fenton Organizations: TT, Agency, Rights, Moody's, Thomson Locations: Stockholm, Sweden, Swedish, Europe

☆ Jim Cramer explains why it's hard to be bullish on the healthcare sector
▼ + stars: | 2023-11-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday told investors why it's hard to be bullish about healthcare stocks, citing challenges stemming from government action and lack of innovation. According to Cramer, the healthcare sector is "in the crosshairs" of the U.S. government because of the upcoming election. Johnson & Johnson and Bristol Meyers are among several drug makers to file lawsuits against the government, broadly arguing that the pricing measures are unconstitutional. The Federal Trade Commission is doing its best to block mergers in the sector, Cramer said. Aside form drug makers, Cramer added that medical device companies haven't seen their business pick up since Covid, also hurting the sector overall.

Persons: CNBC's Jim Cramer, Cramer, Johnson, Bristol Meyers, Eli Lilly Organizations: Biden Administration, Johnson, Federal Trade Commission Locations: Cigna

WASHINGTON (AP) — As record numbers of migrants surge at the southern U.S. border, many seeking asylum, Homeland Security Secretary Alejandro Mayorkas has told Congress the country's “broken” immigration system is in need of a top-to-bottom update. It comes as Mayorkas, the face of the administration’s immigration policy, bears down the threat of impeachment proceedings from House Republicans over what they view as failed border policies. “We’re at a point for three years we’ve been saying, ‘When are we going to secure the country? On Wednesday, House Speaker Mike Johnson told GOP senators behind closed doors that he needs real border security changes as part of Biden's broader war funding package. During recent hearings, Mayorkas told Congress the administration is working to manage the situation, even as Congress has failed to update the immigration system for decades.

Persons: Alejandro Mayorkas, Biden, “ We’re, ”, Republican Sen, James Lankford of, “, we’ve, Vladimir Putin's, Vanessa Cárdenas, Biden's, Thom Tillis, Mike Johnson, Chuck Schumer, Johnson, Mitch McConnell, ” “, ‘ We’re, ’ ” Schumer, they’ve, Donald Trump, Mayorkas, Sen, Alex Padilla, Dick Durbin of, Elliot Spagat, Seung Min Kim Organizations: WASHINGTON, Homeland, Republicans, House Republicans, Republican, Democrats, Eisenhower, Cato Institute, Congress, Defense Department, GOP, Associated Press, COVID, Capitol, Dick Durbin of Illinois, Press Locations: U.S, Ukraine, Israel, James Lankford of Oklahoma, Congress, North Carolina, Alex Padilla of California, Mexico, Guatemala, Honduras

☆ Rosalynn Carter Funeral Family of Former First Lady Says Goodbye in Her Georgia Church
▼ + stars: | 2023-11-29 | by ( Jacey Fortin | ) www.nytimes.com time to read: +8 min

Some two decades after leaving the White House, Rosalynn Carter reflected on the criticism she generated for expanding the role of a first lady. “The first lady role has changed,” she observed. Mrs. Carter pushed the boundaries that had constrained most of her predecessors. Nancy Reagan recalled in her memoir a “chill in her manner” when Mrs. Carter showed her around the White House following the 1980 election when Ronald Reagan defeated Mr. Carter. Dr. Biden “isn’t an activist first lady” in the way that Mrs. Carter was, said Mr. LaRosa, the former aide to the current first lady.

Persons: Rosalynn Carter, ”, “, Carter, Anita B, McBride, Laura Bush, —, Mrs, Eleanor Roosevelt, Hillary Rodham Clinton, Jimmy Carter, “ Rosalynn, David, Anwar el, Sadat of, Menachem Begin, Camp David, Michael LaRosa, Jill Biden, “ Eleanor, Lady Bird Johnson, Betty Ford, Stanly Godbold, Bird, Dawn Porter, Julia Sweig, Lyndon, Melanne Verveer, Clinton’s, Verveer, ” Michelle Obama, “ I’ll, . Cook, Nancy Reagan, Ronald Reagan, Mr, Barbara Bush, Nancy, Bush, Biden, Dr, . Biden, Biden “ isn’t, LaRosa, “ Hillary, ” Ms Organizations: White, Israel, Camp, Getty, Hulu, Associated Press, White House Locations: Plains , Ga, Israel, Egypt, Sadat of Egypt, Georgia, Washington, Northern Virginia

☆ NBA roundup: Ex-Blazer Damian Lillard seals Bucks win
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +7 min

The Nets gave up the game's first 13 points and trailed 30-9 with 4:37 left in the first quarter. Terry Rozier collected 22 points and nine assists, Brandon Miller had 20 points, P.J. Hornets point guard LaMelo Ball had seven points before exiting midway through the second quarter with a right ankle strain. Reggie Jackson had 20 points, Kentavious Caldwell-Pope contributed 16 points and Julian Strawther added 10 points for Denver. Poeltl added 13 rebounds.

Persons: Giannis Antetokounmpo, Jeff Hanisch, Bobby Portis, Damian Lillard's, Lillard, Jrue, Deandre, Toumani Camara, Spencer Dinwiddie, Royce O'Neale, Lonnie Walker IV, DeMar DeRozan, Coby White, Patrick Williams, Zach LaVine, Jayson Tatum, Tatum didn't, Al Horford, Derrick White, Jaylen Brown, Neemias Queta, Trae Young, Atlanta's De'Andre Hunter, Bogdan Bogdanovic, Bogdanovic, Devin Booker, Booker, Kevin Durant, Eric Gordon, Jordan Goodwin, Jalen Brunson, Julius Randle, Immanuel Quickley, Franz Wagner, Cole Anthony, Paolo Banchero, Jalen Suggs, Goga Bitadze, Moritz Wagner, Anthony, Miles Bridges, Terry Rozier, Brandon Miller, Mark Williams, LaMelo Ball, Ball, Anthony Edwards, Mike Conley, Conley, Jaren Jackson Jr, Desmond Bane, Santi Aldama, Nikola Jokic, Michael Porter Jr, San Antonio, Reggie Jackson, Kentavious Caldwell, Pope, Julian Strawther, Aaron Gordon, Jamal Murray, Victor Wembanyama, Devin Vassell, Malaki Branham, Julian Champagnie, Keldon Johnson, Tre Jones, Darius Garland, Max Strus, Donovan Mitchell, Evan Mobley, Jarrett Allen, Pascal Siakam, Jakob Poeltl, Poeltl, Scottie Barnes, Dennis Schroder, Gary Trent Jr Organizations: Milwaukee Bucks, Portland Trail Blazers, Fiserv Forum, Bucks, Trail Blazers, Portland, Nets, Bulls, Brooklyn, NBA, skidding Chicago, The Nets, Milwaukee, Celtics, Hawks, Boston, Atlanta, Suns, Knicks, Phoenix, New York, Hornets, Orlando, Charlotte, Banchero, Timberwolves, Grizzlies, Wolves, Nuggets, Spurs, Denver, San, The Nuggets, Cavaliers, Raptors, Cleveland, Toronto, Clevland, Thomson Locations: Milwaukee , Wisconsin, USA, Portland, Deandre Ayton, Sacramento, New, P.J, Washington, Minnesota, Memphis, Denver

☆ Behind Johnson’s Rise, a G.O.P. Consumed by the Far Right
▼ + stars: | 2023-11-25 | by ( Carl Hulse | More About Carl Hulse | ) www.nytimes.com time to read: +1 min

In early 2009, congressional Republicans were staring down a long exile in the political wilderness. Barack Obama was about to assume the presidency, and Democrats were within reach of a filibuster-proof, 60-vote supermajority in the Senate and the largest House majority in more than 20 years after the economic crisis of 2008. Republicans seized on the Tea Party and associated groups, with their nativist leanings and vehemently anti-establishment impulses, as their ticket back to power. “We benefited from the anger that was generated against the one-way legislation of the Obama years,” said Eric Cantor, the former House leader from Virginia who became the No. 2 Republican after the 2010 midterm elections catapulted the party back into the majority.

Persons: Mike Johnson, Barack Obama, Obama, —, ”, Eric Cantor Organizations: Republican, Republicans, Tea Party Locations: Virginia

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