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Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. “Sixes are the new normal,” said Lisa Sturtevant, chief economist at Bright MLS, a mortgage listing services group, referring to 6% mortgage rates. It’s really not going to be impacting mortgage rates at all.”Mortgage rates work differently. When demand for those increases, mortgage rates tend to fall.

Persons: Donald Trump’s, ”, Lisa Sturtevant, Brian Rehling, Trump, Mike Fratantoni, ” Fratantoni, Helene, ” Samuel Tombs, Tombs, Sturtevant, “ It’s Organizations: Federal, Bright MLS, Federal Reserve, Wells, Investment Institute, ”, U.S, Mortgage, Association, “, National Association of Realtors, Pantheon, NBC

President-elect Donald Trump raised eyebrows when he decided to hold a campaign rally in the Bronx in late May. Results so far show Trump winning more than 27% of the vote in the Bronx, shrinking his margin of defeat there significantly. Not only did the Teamsters decline to endorse, Murtaugh noted, but they also released polling in swing states, including Pennsylvania, that showed Trump winning over large numbers of their members. ‘We have no easy path here’For one Democratic policy aide, the biggest concern was movement among younger voters. And what happened [Tuesday] was a Louisville Slugger baseball bat going upside the head of the Democratic Party for not telling people the truth.

Persons: Donald Trump, Trump, Ritchie Torres, “, ” Torres, “ Donald Trump’s, Joe Biden, Kamala Harris, It’s, Torres, ”, Harris, Nancy Mace, Trump’s, —, Court’s Dobbs, ” Mace, Robert F, Kennedy Jr, Tulsi Gabbard, Elon Musk, ” Trump, ” There’s, Biden, Mike Berg, ” Tim Murtaugh, Murtaugh, MAGA, ‘, you’re, ” —, we’re Organizations: The New, Democratic, Trump, Republican, Democrat, Democratic Party, NBC, GOP, “, National Republican Senatorial, NBC News, Teamsters, Voters, Republicans, Pennsylvania Democrat, Louisville Slugger, Party, county, Democrats Locations: Bronx, The New York City, Manhattan, America, Pennsylvania , Michigan, Wisconsin, Hawaii, Pennsylvania, New York , New Jersey, Illinois, ”, New York

☆ '#EndtheFed': Elon Musk endorses plan to let presidents meddle with Federal Reserve after Trump election win
▼ + stars: | 2024-11-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tesla and SpaceX CEO Elon Musk, the billionaire backer of newly minted President-elect Donald Trump, endorsed the idea of allowing presidents to intervene on Federal Reserve policy. Though brief, Musk's comment reflects a broader pressure campaign on Fed independence that could take shape in the next Trump administration. On Thursday, Fed Chair Jerome Powell said he would not resign from his post if Trump asked him to do so. But during his first term in office, Trump was not shy about breaking from tradition and publicly disparaging Powell and his policy decisions. Over the course of the 2024 presidential campaign, Trump also often flirted with the idea of giving himself a say in Fed policy if he were to win the White House again.

Persons: Elon Musk, Donald Trump, Tesla, Sen, Mike Lee, Musk, Lee, Trump, Jerome Powell, Powell Organizations: Republican, SpaceX, Fed, White, Federal Reserve Locations: Butler , Pennsylvania, Utah, U.S, Lago, Florida

☆ Trump’s election sparks speculation and infighting over future Supreme Court vacancies
▼ + stars: | 2024-11-09 | by ( John Fritze | Paula Reid | ) edition.cnn.com time to read: +9 min

The attention on potential Supreme Court vacancies has so far been driven entirely by forces outside the court – and rampant speculation based on a series of murky clues and past practices. “No questions could even be raised about their physical or mental health.”Ed Whelan, a former Supreme Court clerk and legal commentor, said he agreed with Leo’s take. The process of moving a Supreme Court nominee takes considerable time – often several months. The Supreme Court did not respond to a request for comment. It is also fairly common when a new administration comes to town to talk about these things.”’CNN Chief Supreme Court Analyst Joan Biskupic contributed to this report.

Persons: Donald Trump’s, Clarence Thomas, Samuel Alito –, Sonia Sotomayor, Joe Biden, Trump, “ Alito, Mike Davis, Stephen Breyer, Biden’s, “, Bill Clinton, Thomas, Alito, Leonard Leo, Charles Cooper, scoffed, ” Cooper, ” Ed Whelan, Leo’s, ” Whelan, Davis, Leo, ” Davis, Ruth Bader Ginsburg, Amy Coney Barrett, Roe, Wade, Ginsburg, Sotomayor, Barack Obama’s, Biden, John Roberts, George W, Bush, Breyer, Anthony Kennedy, Ronald Reagan, –, Andrew Oldham, Neomi Rao –, Judge James Ho, Martha, Ann Alito, Washington –, Ann Alito’s, Martha Alito, Roberts, Josh Blackman, ” ’, Joan Biskupic Organizations: CNN, III, Supreme, GOP, Trump, DC Circuit, Circuit, Washington, South Texas College of Law Houston, ” ’ CNN Locations: Washington, Trump, New Orleans, Virginia, New Jersey

A firebrand legal adviser to the President-elect and a conservative lawyer under consideration for the post of Attorney General appear to be setting the stage for investigations and prosecution of Donald Trump’s legal adversaries, including Special Counsel Jack Smith and New York Attorney General Letitia James. The threats come as Trump campaign aides say that the president-elect considers his choice for attorney general to be his most important single appointment. Paoletta is among several people under consideration to run the Justice Department, people familiar with the matter tell NBC News. All of those people have claimed—without citing any specific evidence— that the federal prosecutions of Trump by Smith were politically motivated. The Trump Justice Department will have access to every text, email and memo written by everyone on the Smith team on government phones and computers during the investigation.

Persons: Donald Trump’s, Jack Smith, Letitia James, Mike Davis, Trump, Smith, James, “, ” Davis, Benny Johnson, Davis, ”, Tom Williams, — Mark Paoletta —, Paoletta, ” Paoletta, Missouri Sen, Eric Schmitt, Utah Sen, Mike Lee, John Ratcliffe, Matt Whitaker, Donald Trump, can’t, —, Bill Barr, John Durham, Russia’s, “ Jack Smith Organizations: New York, Trump, Justice Department, Republican, Washington , D.C, Inc, Getty, NBC News, Department, DOJ, NBC, Justice, Democratic, DoJ, CIA, FBI, Trump Justice Department Locations: Washington ,, Missouri, Utah, Newsmax

Five people, including two juveniles, were found dead in Minnesota, in what appears to be a quadruple murder-suicide spread across two homes. They found two people, 47-year-old Erin Abramson and her son, 15-year-old Jacob Nephew, dead from apparent gunshot wounds. Anthony Nephew was married to Kathryn Nephew and was Oliver's father. There is no ongoing threat to the Duluth community, police said. "We also want to send our condolences to both the Duluth community and Superior community as this is a senseless and tragic event."

Persons: Erin Abramson, Jacob Nephew, Anthony Nephew, Kathryn Nephew, Oliver Nephew, Mike Ceynowa, Ceynowa, Anthony Nephewy Organizations: Duluth Police Department, Duluth Police Locations: Minnesota, Duluth, Superior

WASHINGTON — Republicans are gearing up to lock in their remake of the judiciary under President-elect Donald Trump and a new Senate majority, including potentially installing several more conservative Supreme Court justices. Conservatives are prepared for Supreme Court retirements, with the most attention on Justice Samuel Alito, 74. GOP won't pursue Supreme Court ethics rulesTrump already transformed the federal courts in his first term, appointing 54 appeals court judges and 174 district court judges, many of whom are closely linked with the Federalist Society, a conservative legal group. Biden has made his own mark on the judiciary, appointing 210 district and appeals court judges in total, including 44 appeals court judges, falling just short of Trump’s total. “We’ll quit beating up the Supreme Court every time we don’t like the decision they make,” he said.

Persons: Donald Trump, — Trump, Trump, Samuel Alito, Alito, ”, Mike Davis, “ That’s, — John Thune, John Cornyn, “, ” Cornyn, Thune, Trump’s, Clarence Thomas, Roe, Wade, John Malcolm, Franklin D, Roosevelt, — Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett —, Biden, Davis, Thomas, Don McGahn, ’, you’ve, Sonia Sotomayor, Ruth Bader Ginsburg, Trump's, Barrett, “ Sonia Sotomayor, Sotomayor, Alex Aronson, Sotomayor didn’t, Chuck Grassley, Sen, Grassley, Josh Hawley, Trump hasn’t, Malcolm, Andrew Oldham, Amul Thapar, JD Vance’s, Usha Vance, Thapar, Judge James Ho, Neomi Rao, Patrick Bumatay, Joe Biden hasn’t, Russell Wheeler, Leonard Leo, Leo, Mitch McConnell, shepherded, “ We’ll Organizations: WASHINGTON, Republicans, Democratic, Senate, Trump, GOP, Heritage Foundation, “, White, NBC, NBC News, Committee, Circuit, Appeals, U.S ., District of Columbia Circuit, Republican, Institution, Federalist Society, Supreme, Court Locations: West Virginia , Montana and Ohio, Texas, Iowa, New Orleans, Cincinnati, San Francisco, Ky

☆ Former CIA officials worry Trump could politicize and weaponize intelligence agencies
▼ + stars: | 2024-11-08 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +11 min

Yet Durham found that no senior FBI or CIA officials had committed crimes. Former intelligence officials disagree on whether Trump would seek to use the spy agencies against domestic political opponents, and if he did, how the intelligence workforce and courts would respond. Presidents face few legal constraints when it comes to their authority over the intelligence agencies, legal experts and former senior officials said. Supporters of Trump say dire warnings about the future of the intelligence agencies under a new Trump administration are hysterical and overblown, and that his record at the White House shows that he strengthened the spy agencies. “And the other is the risk that the intelligence agencies will be directed to do things that are either unlawful or inappropriate.”

Persons: Donald Trump, Kash Patel, MAGA, Gina Haspel, Patel, Trump, Marc Short, Mike Pence, Mike Pompeo, Dan Coats, ”, José Luis Villegas, ” Trump’s, Joe Biden, Brian Hughes, Justice Department —, Vladimir Putin, “, ” Trump, Putin, Devin Nunes, John Ratcliffe, Robert O’Brien, Sen, Marco Rubio, Robert Mueller's, Hillary Clinton, Bill Barr, John Durham, Durham, Steve Bannon, ” Bannon, Nixon, Chip Somodevilla, Trump’s, Glenn Gerstell, ” “, Robert Litt, ” Litt Organizations: Lawmakers, CIA, Justice Department, White House National Security Council, NBC News, “, Texas, FBI, Trump, DOJ, Democratic National Committee, Trump White House, Washington , D.C, National Security Agency, White House, National Intelligence, NBC Locations: Minden, Nev, Russian, Moscow, Helsinki, Devin Nunes of California, Russia, Vietnam, Washington ,, ”, Virginia

The U.S. Capitol building November 6, the President-elect Donald Trump was declared the winner of the presidential election. GOP leaders have been dreaming of another major tax package, as many tax provisions are set to expire at the end of 2025. Remember: With Republicans winning control of the Senate, delivering on Trump’s agenda will come down to whether the GOP retains a majority in the House. Even with unified GOP control, there would be challenges ahead for Republicans. One issue is the political math: House Republicans believe if they do hold onto the majority, it won’t be by much.

Persons: Donald Trump, Leah Millis, Joe Biden’s, Mike Johnson —, —, Danya Gainor Organizations: U.S, Capitol, Republicans, GOP, Trump, CNN, Democrats, Biden White, House, Republican Locations: Washington, Pennsylvania, Michigan

Trump is also wary of special elections to replace sitting lawmakers, especially in the Senate. has conveyed that he is not interested in entering the Trump administration, according to three sources familiar with the decision. Sessions, an adviser to Trump in 2016, was one of his earliest supporters when Trump elevated him from the Senate to run his Justice Department. The special election to replace him also turned into a centerpiece of Democratic organizing against Trump. Though the GOP won the special election narrowly, Republicans lost Price's congressional seat in the midterms and then watched Georgia turn blue in 2020.

Persons: Donald Trump, Trump, Steven Mnuchin, Ben Carson, Jeff Sessions, recusing, Tom Price, Ryan Zinke of, Roy Moore, Moore, Sen, Eric Schmitt, Marco Rubio, Tom Cotton, Mike Waltz, Mike Pompeo, Trump’s, Cotton, Bill Clark, Donald Trump Jr, ”, Rubio, “, I’m, ” Rubio, Pompeo, Sessions, Price, Zinke, Rick Scott's Organizations: White, Treasury Department, of Housing, Urban, Republican, Trump, CIA, Getty, Trump Jr, coy, NBC’s, Senate, Congress, Justice Department, GOP, Republicans, Interior Department Locations: Alabama, Ryan Zinke of Montana, United States, Georgia

☆ The best writing online about why Trump won, why Harris lost, and what it all means
▼ + stars: | 2024-11-08 | by ( Theron Mohamed | Erin Snodgrass | ) www.businessinsider.com time to read: +20 min

Commentators and academics have been weighing in on why Donald Trump won the US election. The images of him bleeding after a failed assassination attempt became the symbol of what supporters saw as a campaign of destinyHow Mr. Trump won is also the story of how Ms. Harris lost. Laurel Duggan, UnHerdWhy white women stuck with TrumpAdvertisementThe abortion issue had seemingly little impact on Republicans's performance with white women in this cycle. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy blog post from late October with the new title "24 reasons that Trump won." Nate Silver offered up 24 reasons why Trump won.

Persons: Donald Trump, —, There's, Donald Trump's, They've, Kamala Harris, Frank Bruni, Let's, Harris, aren't, Hannibal Lecter, Trump, Allysia Finley, Taylor Swift, Taylor, Swift, they'd, I'd, Sarah Baxter, Mueller, Francis Fukuyama, Ankush Khardori, Politico Trump, Shane Goldmacher, Maggie Haberman, Jonathan Swan, MAGA, Biden's, John Burn, Alexandra Ulmer, Gram Slattery, Elon Musk, Jim VandeHei, Mike Allen, Axios, David Weigel, Annie Lowrey, Biden, Gerard Baker, Hitler, Laurel Duggan, UnHerd, Sen, Chuck Schumer, Todd Landman, Evan Vucci Steve Hanke, Ronald Reagan, Steve Hanke, Reagan, Steve Hanke Nate Cohn, Tina Fordham, Trump's, Nate Silver, FiveThirtyEight, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Tom Williams, Eric Cortellessa, Musk, Eric Cortellessa's Organizations: Service, Democratic, The New York Times Democrats, Trump, Street, Democrats Get, demeaned, Democrats, Financial, Republican, Biden, The New York Times, Trump Won, Republican Party, Britain's, Reuters Trump, White, Republicans —, Trump Republicans, Semafor, The Atlantic Voters, The, Democrat, Republicans, University of Nottingham, AP, Johns Hopkins University, Silver Locations: Trump, Ukraine, White, London, Florida, South Dakota, Arizona, Pennsylvania, Philadelphia, Ohio, Illinois, Wisconsin, Washington, New York City, San Francisco, Israel, California

☆ Trump could pick government’s top ethics official – after key ally blocked Biden’s choice
▼ + stars: | 2024-11-08 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +3 min

CNN —President-elect Donald Trump could be in a position to select the government’s top ethics czar when he assumes office in January – after a key ally in the Senate blocked President Joe Biden’s pick to head the Office of Government Ethics. The federal agency is charged with monitoring compliance with ethics laws that are aimed at preventing corruption. Walter Shaub, the OGE director when Trump first took office in 2017, clashed repeatedly with the then-president at the start of Trump’s first term. Among other things, he openly criticized Trump for not relinquishing ownership of his real estate and licensing empire. The previous OGE director, Trump appointee Emory Rounds, left the position in July 2023.

Persons: Donald Trump, Joe Biden’s, Republican Sen, Mike Lee of, David Huitema, Biden, Lee, Harris, ” Huitema, Lisa Gilbert, ”, ” Gilbert, Virginia Canter, Trump, Walter Shaub, Shaub, Jimmy Carter, George W, Bush, Emory Rounds, Shelley Finlayson Organizations: CNN, Republican, Biden, State Department, Public Citizen, Democratic, Truth, Trump, Trump Organization Locations: Mike Lee of Utah, Washington

☆ Analyst: we see 'skeptical' reaction in Washington about Trump's across-the-board tariff proposals
▼ + stars: | 2024-11-08 | 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 EmailAnalyst: we see 'skeptical' reaction in Washington about Trump's across-the-board tariff proposalsMike Townsend of Charles Schwab says the recent market rally is a short-term euphoria reaction to Trump's victory. He sees a lot of room for negotiation to Trump's initially proposed tariffs.

Persons: Mike Townsend, Charles Schwab, Trump's Locations: Washington, Trump's

WASHINGTON — President-elect Donald Trump’s dramatic victory has scrambled next week’s three-way contest to replace Senate Republican Leader Mitch McConnell, the chamber’s longest-serving leader who is stepping down at the end of the year. One ally of both Scott and Trump, Sen. Ron Johnson, R-Wis., urged Trump to endorse Scott, a former Florida governor who cruised to re-election in the Senate on Tuesday night. “If you’ve got any influence with President Trump, ask President Trump to come out publicly and say he wants to work with somebody as accomplished as Rick Scott to accomplish his agenda. Cornyn joined Trump at a rally in Reno, Nevada, last month for Republican Senate candidate Sam Brown, whose race is currently too close to call, according to NBC News projections. "As I told President Trump, I'm interested in getting the band back together again," Cornyn told Fox News host Neil Cavuto on Monday.

Persons: Donald Trump’s, Mitch McConnell, McConnell’s, John Thune, Sen, John Cornyn, —, Rick Scott, John, John Barrasso, McConnell, Scott, Trump, ” Scott, “, ” Trump, Ron Johnson, you’ve, President Trump, We’ve, ” Johnson, ”, — it’s, it’s, Mike Lee, Bernie Moreno, Tim Sheehy of Montana, Jim Justice, Thune, ” Thune, he’s, ” Thune’s, Tim Scott, Cornyn, Trump’s, Sam Brown, I'm, Neil Cavuto, MAGA, Ted Cruz Organizations: WASHINGTON, Republican, Republicans, GOP, GOP Conference, Trump, NBC News, McConnell, Fox Business, United States Senate, CNBC, NBC, Fox News, National Republican Senatorial, Senate, Texas Republican Locations: South Dakota, Texas, Florida, Wyoming, Washington, Utah, Bernie Moreno of Ohio, West Virginia, Lago, Reno , Nevada

Maansi Srivastava for NBC NewsMaansi Srivastava for NBC NewsTrump embraced that narrative in his victory speech in Florida early Wednesday. About 80% of white evangelicals backed Trump in Tuesday’s election, the NBC News Exit Poll shows. During his first term in office, Trump and his staff welcomed Christian leaders, including Sheets, to the White House. Julia Demaree Nikhinson / APJohnson and others who shared that worldview were on hand for Trump’s victory speech at a convention center in West Palm Beach, Florida. Around 3 a.m., he recorded as those gathered to celebrate Trump’s victory began to sing a classic Christian hymn.

Persons: Donald Trump’s, Lance Wallnau, Donald Trump, Carlos Bernate, ”, Wallnau, ” Trump, “ You’re, Trump, God, Maansi Srivastava, NBC News Maansi Srivastava, Silvia Barnaby, Britney Barnaby, Matthew Taylor, Taylor, Christian Trump, ” Taylor, Dutch Sheets, NBC News Sheets, ” Sheets, Mike Johnson, Julia Demaree Nikhinson, Johnson, Sean Feucht, Feucht Organizations: America, NBC, Trump, NBC News, NBC News Trump, White, Institute, Islamic, Jewish Studies, Christian Trump loyalists, U.S . Capitol, Dutch, Christian, Wade, Republican, Facebook Locations: America, Washington, Florida, Tuesday’s, Maryland, Virginia Beach, Va, Roe, Louisiana, West Palm Beach, Fla, West Palm Beach , Florida, Christian

☆ California governor calls special session to protect liberal policies from Trump presidency
▼ + stars: | 2024-11-07 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

Gavin Newsom, a fierce critic of former President Donald Trump, on Thursday called for lawmakers to convene a special session later this year to safeguard the state’s progressive policies on climate change, reproductive rights and immigration ahead of another Trump presidency. The move — a day after the former president resoundingly defeated Vice President Kamala Harris in the presidential race — effectively reignited California’s resistance campaign against conservative policies that state Democratic leaders started during the first Trump administration. California’s move is part of a growing discussion among Democratic state officials across the country seeking to protect policies that face threats under Trump’s leadership. Newsom and Democratic lawmakers said they are acting now to shield the state’s policies that have made it a leader in the nation. “He wants to be seen as a political revivalist, and so that puts him front and center,” McCuan said.

Persons: —, Gavin Newsom, Donald Trump, Trump, resoundingly, Kamala Harris, ” Newsom, “ Trump, California’s, Kathy Hochul, Letitia James, ” Hochul, Hochul, Maura Healey, Andrea Campbell, JB Pritzker, ” Pritzker, Newsom, “, Harris, Pro Tempore Mike McGuire, Rob Bonta, Trump’s, David McCuan, won’t, ” McCuan Organizations: Democratic, Associated Press, Republican, Senate, Gov, Trump, ”, Illinois Gov, White House, Pro Tempore, America, State, White, Sonoma State University Locations: Sacramento, California, New York, State, New, Massachusetts, Chicago, Illinois, ” California, America, Southern California, U.S

☆ The Fed just cut interest rates by another 25 basis points—here’s what will get cheaper
▼ + stars: | 2024-11-07 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The rate dropped by 25 basis points to a range of 4.50% to 4.75%. The Fed began cutting rates in September to help boost the economy as inflation cools and the job market softens. In a September speech, Fed Chair Jerome Powell indicated that another 25-bps cut could happen before 2025 if current economic trends hold steady. Below is a breakdown of how the recent rate cuts could impact your monthly borrowing costs. The breakdown includes today's 25-bps cut and the cumulative 75-bps reduction since the Fed began cutting rates in September, as estimated by Bankrate.

Persons: Jerome Powell Organizations: Federal Reserve, Fed, Bankrate, today's, Equity Lines

Unlike Trump’s surprise win in 2016, House and Senate GOP leaders have been preparing for months for a possible GOP sweep. With Republicans winning control of the Senate, delivering on Trump’s agenda will come down to whether the GOP retains a majority in the House. Even with unified GOP control, there would be challenges ahead for Republicans. One issue is the political math: House Republicans believe if they do hold onto the majority, it won’t be by much. But it wouldn’t be easy to clear a huge package through a narrowly divided House even if Republicans control all the levers of power.

Persons: Donald Trump, ” GOP Wisconsin Sen, Ron Johnson, Mike Johnson, Trump, Johnson, Joe Biden, Johnson —, —, “, Tim Burchett, ” Johnson, Mark Meadows, Steve Bannon, Joe Biden’s, Nicole Malliotakis, ” Malliotakis, — Biden, Nancy Pelosi, “ Dems, Marjorie Taylor Greene, ” Greene, Danya Gainor Organizations: CNN, Republicans, Capitol, GOP, Trump, ” GOP Wisconsin, Senate Finance, House, Democratic, Republican, “, Trump Administration, House Republicans, Republican New York, Democrats, Biden White, nab Locations: Washington, ”, Pennsylvania, Michigan, Congress

☆ Citi needs a white knight. Donald Trump's second term might provide one.
▼ + stars: | 2024-11-07 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump's presidential victory and his promise of light regulation could help relieve one of Citi's biggest problems. Wells Fargo analyst Mike Mayo called Trump's win a "regulatory game changer" in a research note. For instance, the OCC has required Citi to submit plans each quarter to ensure they are allocating enough resources to the Transformation effort. AdvertisementSince the July fines, Citi has faced mounting pressure. A few weeks later, Fraser was dogged by questions in an earnings call about the bank's regulatory fate.

Persons: hasn't, Donald Trump's, bode, Jane Fraser, —, Wells, Mike Mayo, Trump, Michael Hsu, Jerome Powell, Stephen Biggar, Sen, Elizabeth Warren, Fraser, Vivek Juneja Organizations: Citi, Service, Wednesday, Federal Reserve, Currency, Trump's, OCC, Economic, of New, Republican, Argus Research Locations: of New York

☆ NFL midseason predictions for every team: Kirk Cousins wins comeback award; NFC East champ is …?
▼ + stars: | 2024-11-07 | by ( The Athletic Nfl Staff | ) www.nytimes.com time to read: +28 min

Our NFL writers addressed these topics and more in making one prediction for every team heading into the season’s second half. The fourth-year back is on pace to finish with 1,256 yards, which would be the fourth-highest total in team history. Every other NFL team has put a player in at least one of those categories during that stretch — and most teams have checked both boxes. Minnesota has one of the most productive defenses in the NFL and an offense loaded at the skill positions. And the Eagles have managed to win games despite bad luck and bad decisions.

Persons: — Doug Haller Kirk Cousins, Cousins, Joe Burrow, Burrow, Cousins ’, — Josh Kendall, Kirk Cousins, Lamar Jackson, Jackson, he’s, Jared Goff, Jayden Daniels, Josh Allen, Saquon Barkley, Derrick Henry, Jeff Zrebiec Khalil Shakir, Shakir, — Joe Buscaglia, Chuba Hubbard, Panthers haven’t, Christian McCaffrey, Hubbard, Jonathon Brooks, Dave Canales, — Joseph Person, Caleb Williams, Quinn Harris, Goff, — Adam Jahns, There’s, — Paul Dehner Jr, Watson, Dee Haslam, — Zac Jackson, — Zac Jackson Dallas Cowboys Brandon Aubrey, Aubrey, Bryan Anger, Cooper Rush, Aubrey doesn’t, — Saad Yousuf, Courtland, Sutton, Phillip Lindsay squeaked, wasn’t, Bo Nix, Nick Kosmider, Ben Johnson’s, Aidan Hutchinson, Brian Branch, Kerby Joseph, Za’Darius Smith, — Colton, Xavier McKinney, McKinney, hasn’t, Kyler Murray, Stroud, Ryan Downard, Downard, McKinney texted Downard, Green, ” Downard, — Matt Schneidman, — Mike Jones, — Mike Jones Indianapolis Colts Anthony Richardson, Shane Steichen, Richardson, Joe Flacco, — James Boyd, Doug Pederson doesn’t, it’ll, Trevor Lawrence’s, — Jeff Howe, Hopkins, David Eulitt, Kansas City Chiefs DeAndre Hopkins, Xavier Worthy, Travis Kelce, Patrick Mahomes, Nate Taylor, Antonio Pierce, Mark Davis, Pierce, “, ” Davis, He’s, It’s, Vic Tafur, Tashan Reed, Tashan Reed Los Angeles Chargers Justin Herbert, Herbert, — Daniel Popper, Jonah Jackson, Steve Avila, Puka, Matthew Stafford, Kyren Williams, — Jourdan, Tua Tagovailoa, they’re, Jim Ayello, Kevin O’Connell, Brian Flores, — Alec Lewis Drake Maye, Drake Maye, Williams, New England’s, Chad Graff, Sean Payton, Mike Ditka, Dennis Allen, Darren Rizzi, Hurricane Katrina, Payton, Drew Brees, — Larry Holder, Daniel Jones, Jones, Brian Daboll, — Charlotte Carroll Davante Adams, Joe Sargent, wouldn’t, Woody Johnson, Aaron Rodgers, Davante Adams, Jeff Ulbrich, Zack Rosenblatt, Nick Sirianni, — Brooks, Watt, Pro Bowler, Minkah Fitzpatrick, Arthur Smith, Russell Wilson, Mike Tomlin, — Mike DeFabo, — Matt Barrows, DK Metcalf, Julian Love, Devon Witherspoon, Geno Smith, Metcalf, Smith, Love, Witherspoon, Riq, Leonard Williams, Boye Mafe, Ken Walker III, that’s, Michael, Shawn Dugar, Shawn Dugar Tampa Bay Buccaneers Mike Evans, Evans, Chris Godwin, Jerry Rice’s, — Dan Pompei, — Dan Pompei Tennessee Titans Will Levis, Levis ’, — Joe Rexrode Washington, Mike Sainristil, PFF, Sainristil, Emmanuel Forbes Jr, Michael Davis, Malik Nabers, Noah Igbinoghene, Marshon Lattimore, Benjamin St, Juste, — Ben Standig, Dan Goldfarb, Khalil Shakir, Perry Knotts, Cooper Neill, Ric Tapia Organizations: NFL, NFC, Cardinals, West, Bengals, Falcons, Panthers, Bears, Lions, Soldier, — Adam Jahns Cincinnati Bengals Bengals, Chargers, Broncos, Titans, Browns, Cowboys, AFC, Colts, Cincinnati, Denver, Steelers, Cleveland Browns Browns, — Zac Jackson Dallas Cowboys, T, Saints, Nick Kosmider Detroit Lions, Detroit, Chiefs, Giants, Pro, Packers, Texans, C.J, Jaguars, — Matt Schneidman Houston Texans Houston, AFC South, Dallas, Kansas City, Tennessee ., Houston, — Mike Jones Indianapolis Colts, Flacco, — James Boyd Jacksonville Jaguars Jacksonville, — Jeff Howe Chiefs, Kansas City Chiefs, Buccaneers, Raiders, Tashan Reed Los Angeles Chargers, — Daniel Popper Los Angeles Rams Rams, Rams, Miami, Seattle, Los Angeles, Miami Dolphins, Dolphins, Vikings, Patriots, New, Williams ’ Chicago Bears, Our NFL, New Orleans Saints, Getty, Jets, Eagles, NFC East, Washington, Philadelphia, The Eagles, Ravens, Pittsburgh Steelers, Fame, Pittsburgh, San Francisco 49ers, 49ers, The Rams, Arizona Cardinals, Pro Bowler, Seahawks, Pro Bowlers, Derick, Shawn Dugar Tampa Bay Buccaneers, Bucs, — Dan Pompei Tennessee Titans, Sunday’s Locations: Arizona, Green, San Francisco, Detroit, Los Angeles, Cleveland, takeaways, Dallas , Tennessee, Jacksonville, Miami, Baltimore, Indianapolis, Khan’s, Los, Scoop, Minnesota, Carolina . New Orleans, New Orleans, Tampa, Philadelphia, Washington, T.J, Levi’s, Metcalf, Levis

☆ Trump likely to uphold CHIPS Act despite his campaign rhetoric, experts say
▼ + stars: | 2024-11-07 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Illustration of the China and U.S. flag on a central processing unit. President-elect Donald Trump is unlikely to roll back the Biden administration's CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say. Trump criticized the bill and its price tag. House Speaker Mike Johnson, a Republican, then said that his party "probably will" try to repeal the law. Still, the key Biden policy, which has massive implications for Asian chips makers like TSMC and Samsung, is likely safe in the near term, according to chip experts.

Persons: Donald Trump, Trump, Mike Johnson, Johnson, Biden, Paul Triolo, Albright Stonebridge, CNBC's Organizations: Biden, Republican, Samsung Locations: China, U.S

☆ What a Republican sweep in Congress could mean for the stock market—in one chart
▼ + stars: | 2024-11-07 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Former President Donald Trump has won the 2024 election, sweeping into office on a wave of support for Republican candidates. NBC News reports that the previously Democrat-controlled Senate will have a Republican majority. After all, the S&P 500 has gone up during 17 of the last 20 four-year presidential terms. A divided Congress in particular tends to bode well for investors, with average yearly gains of 15.7% under Democratic presidents and 13.7% under Republican presidents. Should the S&P 500 finish out 2024 up from the previous year (it's currently up about 25%), it will mark 14 consecutive years of positive returns under split Congresses.

Persons: Hakeem Jeffries, Mitch McConnell, Charles Schumer, Mike Johnson, Donald Trump, It's, Trump, Ryan Detrick, bode, it's Organizations: U.S, Capitol, Republican, NBC News, Carson Group, Democratic Locations: D, Ky

☆ Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
▼ + stars: | 2024-11-07 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Following Donald Trump's Presidential election win, 30-year fixed mortgage rates briefly surged, settling at 6.98% as of Thursday, according to Mortgage News Daily . Recent interest rate cuts have brought relief to credit card, personal loan and auto borrowers, but homebuyers are unlikely to catch a break as mortgage rates continue to climb. While mortgage rates often move in step with the Fed's benchmark rate, they're more directly tied to 10-year Treasury bond yields. These yields tend to rise when investors expect stronger economic growth and higher inflation — even when the Federal Reserve is cutting the federal funds rate. Either way, "continued deficit spending, coupled with discussions of additional tariffs on imports, is likely to keep [mortgage] rates elevated through the remainder of 2024," says Nourmand.

Persons: Donald Trump's, Melissa Cohn, William Raveis, Harris, Michael Nourmand, — Organizations: Reserve, Mortgage News, Federal Reserve, William Raveis Mortgage, Trump, Associates, CNBC Locations: New York, Los Angeles

☆ What Trump's win could mean for student loan forgiveness
▼ + stars: | 2024-11-07 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

St. Louis-based U.S. District Judge Matthew Schelp, a Trump appointee, issued the latest preliminary injunction against Biden's revised student loan forgiveness plan. Student loan forgiveness likely to dry up under TrumpU.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. Kevin Lamarque | ReutersBiden has forgiven more federal student debt than any other president. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems. "The Biden administration has been making periodic announcements about loan forgiveness," Kantrowitz said.

Persons: Donald Trump, Trump's, Trump, Mark Kantrowitz, Joe Biden's, Biden, Matthew Schelp, Biden's, Kantrowitz, Joe Biden, Kevin Lamarque, Reuters Biden, George W, Bush, Mike Pierce, Mario Tama Organizations: U.S . Department, Trump, Biden, District, Center for American, Congressional Research Service, Trump U.S, Madison Area Technical, Truax, Reuters, Education Department, Public, Senate, Protection Center, University of Southern, USC, Getty Locations: Racine , Wisconsin, Louis, U.S, Madison , Wisconsin, University of Southern California, Los Angeles , California

UFC media rights are up for renewal next year, and TKO Group Chief Operating Officer Mark Shapiro tells me he thinks Netflix could be getting in the ring. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports.

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