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☆ JD Vance says he was asked in front of his wife if he had 'any secret family' during vice presidential vetting
▼ + stars: | 2024-08-02 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewSen. JD Vance of Ohio said that a lawyer presumably sent by the Trump campaign asked him if he had any "secret family" during the vice presidential vetting process in an interview that took place with his wife, Usha Vance, sitting near him. The lawyer, Vance said, then asked, "Do you have any secret family?" AdvertisementWhile little is often made public about vice presidential vetting, politicians who have gone through it have often described it as cumbersome and intrusive. Would-be vice presidential nominees are asked to turn over copies of every public statement they have made along with bank records. Another example is former Sen. John Edwards of North Carolina, the 2004 Democratic vice presidential nominee.

Persons: —, Sen, JD Vance, Ohio, Trump, Usha Vance, Vance, I've, I'm, you've, he's, Herschel Walker, Walker, Raphael Warnock, John Edwards of, Edwards Organizations: Service, Business, White, Heisman, Georgia Senate, Democratic Locations: Alaska, Ohio, Georgia, Washington, John Edwards of North Carolina

☆ How Does Your State Make Electricity?
▼ + stars: | 2024-08-02 | by ( Nadja Popovich | ) www.nytimes.com time to read: +58 min

Wind turbines provided just 1 percent of the electricity produced in the state in 2001 and nearly 60 percent last year. How Kentucky made electricity from 2001 to 2023 Percentage of power produced from each energy sourceCoal still generates the majority of the electricity produced in Kentucky, a longtime coal mining state. Since then, virtually all of the electricity produced in the state has come from renewable sources, including hydropower, biomass, wind and solar. It has supplied more than 85 percent of the electricity produced in the state every year for more than two decades. Last year, wind supplied more than a fifth of the electricity produced in the state.

☆ There are cracks forming in the US jobs market
▼ + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, ” Locations: Oxford

Ismail Haniyeh, a top leader of Hamas, was assassinated on Wednesday by an explosive device covertly smuggled into the Tehran guesthouse where he was staying, according to seven Middle Eastern officials, including two Iranians, and an American official. The bomb had been hidden approximately two months ago in the guesthouse, according to five of the Middle Eastern officials. The guesthouse is run and protected by the Islamic Revolutionary Guards Corps and is part of a large compound, known as Neshat, in an upscale neighborhood of northern Tehran. The bomb was detonated remotely, the five officials said, once it was confirmed that he was inside his room at the guesthouse. Such damage was also evident in a photograph of the building shared with The New York Times.

Persons: Ismail Haniyeh, Haniyeh Organizations: American, Islamic Revolutionary Guards Corps, Revolutionary Guards, The New York Times Locations: Tehran

☆ Here's why Amazon's messy second quarter doesn't change our outlook on the stock
▼ + stars: | 2024-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

With AWS humming and management identifying more ways to lower its cost to serve, Amazon's profitability story is still intact. Olsavsky said the profitability of North America stores improved quarter over quarter, driven by further improvements in its cost to serve. The company expects net sales of $154 billion to $158.5 billion, an increase of 8% to 11% year over year. The high end of guidance captures the consensus of $158.2 billion, but it's a miss on the analysts' consensus of $156.25 billion. Management expects operating income of $11.5 billion to $15 billion, which at a midpoint of $13.25 billion misses the consensus of $15.34 billion.

Persons: hasn't, Andy Jassy, Jassy, There's, Brian Olsavsky, Olsavsky, it's, Jim Cramer's, Jim Cramer, Jim, Michael Kappeler Organizations: Revenue, LSEG, Walmart, Target, Microsoft, Web Services, AWS, North, Amazon, Management, CNBC, Getty Locations: North America, Manhattan

☆ To woo investors, hedge funds are reviving a strategy left for dead post-crisis — supercharged index investing
▼ + stars: | 2024-08-01 | by ( Alex Morrell | ) www.businessinsider.com time to read: +12 min

Read previewFaced with higher rates and a daunting fundraising climate, hedge funds are wooing investors with a seemingly antithetical pitch: index investing with a twist. Hedge fund industry insiders are abuzz right now about "portable alpha," a blast-from-the-past strategy that's undergoing a revival. According to the Morgan Stanley white paper, it can take on a variety of forms, including "dedicated portable alpha funds, portable alpha share classes, portable alpha feeder funds and other solutions." Advertisement"It's a nice way of smuggling hedge funds into your portfolio if you're an allocator," said Jon Caplis, CEO of hedge fund research firm PivotalPath. He said much of the industry still hasn't woken up to the appetite for portable alpha solutions and the potential boon to hedge funds.

Persons: —, punchier, Kim Shaw, Morgan Stanley, There's, Shaw, Penny Novick, Morgan, Novick, Bill Gross, Myron Scholes, PIMCO's, Roark Stahler, Jon Caplis, Russell, PIMCO, Sabrina Callin, Brian Payne, Payne, Caplis, hasn't Organizations: Service, Trading, Business, Man, CME Group, BlackRock, Barclays, Russell Investments, Institutional, State, Investor, BCA Research, Teachers, Investors Locations: Winton, American, Illinois

☆ Fed Chair Powell just said the labor market is getting vulnerable. Friday’s jobs report could prove why
▼ + stars: | 2024-08-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, ” Locations: Oxford

☆ 'Gaining share': Here's what Wall Street expects from Amazon's 2nd-quarter earnings
▼ + stars: | 2024-07-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

Wall Street expects the retail giant to report adjusted earnings per share of $1.47 in the quarter and revenue of $148.78 billion, according to data from Bloomberg. Here's what Wall Street expects from Amazon's upcoming second-quarter earnings report. While the US consumer is showing signs of softening, the bank expects Amazon's retail unit to be a beneficiary from the current economic environment. "AWS sales, in constant currency, may meet consensus' high-teens view," Bloomberg Intelligence said. AdvertisementThe analysts also said Amazon's advertising revenue could continue to grow at a "20%-plus pace as Amazon takes market share."

Persons: —, Wall, Goldman Sachs, Amazon's, Rufus Organizations: Service, Bloomberg, Business, Bank of America, of America, 1Q, " Bank of America, Citi, Amazon, 2Q, JPMorgan, Bloomberg Intelligence Locations: America, North America

☆ North Korea and South Korean selfie: Why picture of Olympic athletes is so striking
▼ + stars: | 2024-07-31 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

South Korea won bronze and North Korea bagged silver in the mixed doubles, and South Korea’s Lim Jong-hoon celebrated the occasion by whipping out a phone for a picture. The Korean War ended in 1953 with an armistice, and no peace treaty has ever been signed. Olympics organizers have “deeply apologized” to South Korea over a “human error” that saw its 143 athletes wrongly introduced as North Korean at the opening ceremony. The mishap occurred last Friday, when the South Korean athletes made their debut on a boat cruising down the River Seine. The official name of South Korea is the Republic of Korea.

Persons: South Korea’s Lim Jong, ” Organizations: CNN, South Korea, North, Tokyo, South, “, Democratic, Democratic People’s Locations: North Korea, South, PyeongChang, Pyongyang, South Korea, Seoul . North, Korean, Democratic Republic of Korea, Democratic People’s Republic of Korea, Republic of Korea

☆ Sha’Carri Richardson, chasing an Olympic legacy, has already made one back home
▼ + stars: | 2024-07-31 | by ( Marcus Thompson Ii | ) www.nytimes.com time to read: +13 min

On this same track, at this same school, in this same heat, Sha’Carri Richardson put in the same work. “And it’s Sha’Carri Richardson. Students practice at Carter High’s John E. Kincaide Stadium in Dallas, Texas, where Sha’Carri Richardson once plied her trade. They all know the name Sha’Carri Richardson. It’s community.”GO DEEPER Sha'Carri Richardson, with emphatic win at trials, closing in on Olympic glory(Top illustration: Dan Goldfarb / The Athletic; photo: Hannah Peters / Getty Images)

Persons: DALLAS —, David W, Willis Carrier, Kennedy Jackson, Miles, she’s, “ I’m, ”, Marcus Stokes, she’ll, “, they’re, Sha’Carri Richardson, Robert DeHorney, …, Richardson, Michael Johnson, Oak, ” Johnson, ” Sha’Carri Richardson, She’ll, Patrick Smith, Johnson, bloomer, Roy Martin, Roosevelt, Marlon Cannon, Derrick Cunningham, Cannon, Cunningham, Henry Neal, Dallas, Vance Johnson, Aliyah Johnson, —, they’ve, ” Richardson, Bowerman, Carter High’s John E, Aric Becker, Leon Hayes, Carter, Marion Jones, DeHorney, Cliff, Betty Harp, You’ve, ” Michael Johnson, Indya, ” DeHorney, “ She’s, Nasya Williams, Royaltee Brown, Christine Mallard, Kennedy, It’s Sha’Carri Richardson, Christian Petersen, She’s, ” Krystan, Bright, couldn’t, Blaze, ” Bright, Sha'Carri Richardson, Dan Goldfarb, Hannah Peters Organizations: David, Carter High School, Cedar, Hillcrest High School, Dallas, Texas, Hayward Field, U.S, Skyline High, Baylor, NCAA, Greenville High, Atlanta Games, Texas Relays, University of Texas, Indiana University, UT, LSU, Kincaide, Getty, Dallas Independent Schools, Leon Hayes Relay, Richardson, TCU, USC Locations: Jolly, Texas, loitered, Los Angeles, Paris, Dallas, North Dallas, North Texas, Eugene ,, Oak Cliff, South Oak, Carter, Cuban, Dallas , Texas, Memphis, overcomers, Cedar Hill, Sha'Carri

☆ Starbucks revenue misses estimates as same-store sales decline for second straight quarter
▼ + stars: | 2024-07-30 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

The company's same-store sales fell 3% in the quarter, fueled by a 5% decline in transactions. Domestic same-store sales fell 2%, boosted by an increase in average ticket. Outside of North America, same-store sales slid 7%. In China, Starbucks' second-largest market, same-store sales tumbled 14% as both average ticket and transactions shrank. Last quarter, Starbucks slashed its forecast, projecting revenue growth of a low single-digit percentage and earnings per share growth in a range of flat to a low single-digit percentage.

Organizations: Starbucks, LSEG Locations: North America, China

☆ Vermont flooding forces water rescues after 1-in-1,000-year rain
▼ + stars: | 2024-07-30 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +5 min

Scientists are very confident that climate change is increasing rainfall rates – how hard the rain is falling – and the amount of rain a storm can produce. Floodwaters have washed out roads and several state road closures are in effect. A team was heading out to survey the damage, which included “quite a bit” of structural and road damage, National Weather Service meteorologist Seth Kutikoff told the Associated Press. Northeast Vermont and other portions of the state are also still recovering from more extensive flooding just over a year ago. Last year’s flooding caused numerous road and bridge washouts, land and mudslides resulting in significant property damage and loss.

Persons: Seth Kutikoff, ”, Deryck Colburn, Colburn, he’d, Beryl, Papa, Shack, Nature, ” Nancy Tirozzi, ” Nancy, Anthony, “, Nancy, you’re, CNN’s Robert Shackelford, Amy Simonson, Lauren Rapp Organizations: CNN, National Weather Service, Rescue, Vermont Emergency Management, Associated Press Locations: Vermont, Caledonia, Essex, St, Johnsbury , Vermont, Lyndonville , Vermont, Montpelier, ”, Passumpsic, Northeast Vermont, Papa Tirozzi’s, Burlington

There were also the white women, in a Zoom-busting paroxysm of solidarity and angst. The speakers included two white dudes on the shortlist to be Ms. Harris’s running mate — Gov. Image The actor Joseph Gordon-Levitt joined the “White Dudes for Harris” call. (The “White Dudes for Harris” call, at the end of its three-hour 20-minute run, had brought in more than $4 million.) He had seen a link for the “White Dudes for Harris” trucker hat and wanted one.

Persons: Kamala Harris, Harris, ”, ” marveled Bradley Whitford, Harris’s, “, Donald J, Trump, — Gov, Tim Walz, Pete Buttigieg —, Josh Groban, Lance Bass, Mark Hamill, Roy Cooper of, JB Pritzker, JD Vance, Biden, Barack Obama’s, Cena, Joseph Gordon, Levitt, Ross Morales Rocketto, ” Mr, Morales Rocketto, aren’t MAGA, Biden’s, Kamala, Harris ”, Connie Britton, Karens, Glennon Doyle, Ms, Doyle, Shannon Watts, ” Donald Trump Jr, Morales Rocketto sighed, Jeff Bridges, Buttigieg, Adam B, Schiff, California Organizations: South Asian, Wing, Democratic, Gov, Illinois, Democratic Party, YouTube, aren’t MAGA Republicans, Republican Party, Senate Locations: Minnesota, Roy Cooper of North Carolina, “

A Tuareg militant group spokesman said some Malian troops and Russian fighters had also been captured during the battle. According to some unofficial Russian Telegram channels, as many as 80 Russians were killed. The commander – call-sign Rusich – said on Telegram he was trying to convey a message to the Russian Defense Ministry. And in Syria five years ago, a disastrous attack by Russian mercenaries on an oil refinery led to dozens of casualties. One of them was an IED attack on a Russian vehicle in the same region of Mali as the latest devastating assault.

Persons: Nusrat al, JNIM, ”, Andriy Yusov, Yusov, Wagner, Wagner “, –, Sergei Shevchenko, Nikita Fedyanin, “, Korotkov, Africa Wagner, Yevgeny Prigozhin, Yunus, Bek, Yevkurov, al Organizations: CNN, Russian, Russian Telegram, Kremlin, Kyiv, Ukraine’s Security, Russian Defense Ministry, Corps, Grey, Russian Ministry of Defense, Russian Federation, Ministry of Defense, Ministry of Foreign Affairs, Central African, Wagner PMC, Deputy, SITE Intelligence Group Locations: Mali, Algerian, Islam, Africa, Malian, Russian, London, Syria, Central African Republic, Mozambique, Bakhmut, Ukraine, Niger, Burkina Faso, Moscow, Togo

☆ Roy Cooper Withdraws From Harris’s Vice-Presidential Field
▼ + stars: | 2024-07-29 | by ( Shane Goldmacher | Reid J. Epstein | ) www.nytimes.com time to read: 1 min

Roy Cooper of North Carolina, who had been seen as a leading contender to become Vice President Kamala Harris’s running mate, has withdrawn from the vice-presidential sweepstakes. Mr. Cooper confirmed the news, reported earlier by The New York Times, in a social media post on Monday night. “This just wasn’t the right time for North Carolina and for me to potentially be on a national ticket,” Mr. Cooper wrote. “She has an outstanding list of people from which to choose, and we’ll all work to make sure she wins.”Mr. Cooper, who previously served as chairman of the Democratic Governors Association, was asked last week by the Harris campaign to be vetted for vice president but declined to participate, according to two people engaged in the process, who spoke on the condition of anonymity to describe private conversations.

Persons: Roy Cooper of, Kamala Harris’s, Cooper, Mr, “, ” Mr, Harris Organizations: The New York Times, North, Democratic Governors Association Locations: Roy Cooper of North Carolina, North Carolina

☆ South Korea introduced as North Korea during Olympics opening ceremony, top official ‘deeply sorry’
▼ + stars: | 2024-07-29 | by ( Xiaofei Xu | Chris Lau | ) edition.cnn.com time to read: +2 min

Paris CNN —Olympics organizers have “deeply apologized” to South Korea over a “human error” that saw its 143 athletes wrongly introduced as North Korean at the opening ceremony. The mishap occurred on Friday, when the South Korean athletes made their debut on a boat cruising down the River Seine. Both the French and English announcements falsely identified them as being from the “People’s Democratic Republic of Korea.”That’s the full name of North Korea. South Korea’s Sports Ministry has said it “expresses regret” over the introduction of the South Korean delegation during the opening broadcast. Olympics organizers have “deeply apologized” to South Korea over a “human error” that saw its 143 athletes being wrongly introduced as North Korean at the opening ceremony.

Persons: ”, Thomas Bach, Yoon Suk, Republic of Korea …, Mark Adams, “ Organizations: Paris CNN —, South, “, Democratic, International Olympic Committee, South Korean, Olympic Games, National Olympic Committee, IOC, ” Reuters, Korea’s Sports, Paris Locations: South Korea, Korean, Democratic Republic of Korea, North Korea, Republic of Korea, Covid, Beijing, Japan, Pyongyang, Seoul

☆ The Israel-Hezbollah war that no one wants could finally blow up
▼ + stars: | 2024-07-28 | by ( Analysis Elliott Gotkine | ) edition.cnn.com time to read: +4 min

“We are approaching the moment of an all-out war against Hezbollah,” he said in an Israeli television interview on Saturday evening. And yet, over the past near-10 months of fighting, Israel, Hezbollah and Iran have always pulled back from what appeared to be the brink. All-out war failed to materialise. All-out war failed to materialise. The best way to avoid all-out war between Israel and Hezbollah, says Blinken, is to get a ceasefire in Gaza.

Persons: Amos Hochstein, Joe Biden’s, ”, Majdal Shams, Will Hochstein’s, Israel Katz, Antony Blinken, We’re, Naftali Bennett, “, Aaron David Miller, Israel, can’t, Yoav Gallant, didn’t Organizations: CNN, Carnegie Endowment, International Peace, Iranian Revolutionary Guards Corps, UN, Israeli Locations: Israel, Lebanese, Golan, Chebaa, Lebanon, Majdal, United States, Iran, Beirut, Damascus, Gaza

☆ We are 100 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-07-28 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +11 min

Harris opens up new potential paths to victorySince entering the race, Harris has shown momentum in early polling. This became worrisome for the Biden campaign as warning signs flashed in states like Virginia and New Hampshire. The positive early polling is a great sign for the vice president, but it isn't the only metric that shows momentum. Trump's pick for vice president makes things interestingVice presidential picks are far from guaranteed to help a presidential hopeful win a state. With Biden out of the race, Democrats will likely seek to tie the election — anchored by Harris' candidacy — to the party's future.

Persons: —, Kamala Harris, Donald Trump, Lyndon B, Johnson, Joe Biden's, Biden, Biden's, Trump, Harris, isn't, Sen, JD Vance, MAGA, Joe Biden, hto4J6PkOw —, Harry Enten, Harris —, Al Gore, George W, Vance, Ohio Sen, Win McNamee, Doug Emhoff, Mike Pence, John McCain of, Jim Vondruska, Mark Kelly of Arizona, Josh Shapiro, Tim Walz, Andy Beshear, Roy Cooper of, JB Pritzker, Gretchen Whitmer, Pete Buttigieg, Cedric Richmond of, Kelly, Shapiro, Walz Organizations: Service, The United, Democratic, Business, Democrats, Republican National Convention, Democratic National Convention, GOP, New York Times, Trump, Biden, Harris, CNN, Electoral, NV, Omaha -, Black, Anselm College, Convention, Ohio, Ohio Republican, Senate, Ohio Republicans, White, Getty, Pennsylvania, Bloomberg, Illinois, Navy Locations: The United States, Vietnam, Harris, Chicago, Ohio, Siena, Michigan , Wisconsin, Pennsylvania, Omaha, Nebraska, Virginia, New Hampshire, Minnesota, New Mexico, North Carolina, Georgia, John McCain of Arizona, Michigan, Kentucky, Roy Cooper of North Carolina, Cedric Richmond of Louisiana, Arizona, Wisconsin

☆ Generative AI requires massive amounts of power and water, and the aging U.S. grid can't handle the load
▼ + stars: | 2024-07-28 | by ( Katie Tarasov | ) www.cnbc.com time to read: +4 min

Katie TarasovChasing powerThere are more than 8,000 data centers globally, with the highest concentration in the U.S. And, thanks to AI, there will be far more by the end of the decade. Boston Consulting Group estimates demand for data centers will rise 15%-20% every year through 2030, when they're expected to comprise 16% of total U.S. power consumption. Tench said Vantage's data centers typically have the capacity to use upward of 64 megawatts of power, or as much power as tens of thousands of homes. And as we think about AI applications, those numbers can grow quite significantly beyond that into hundreds of megawatts," Tench said . Vantage Data Centers is expanding a campus outside Phoenix, Arizona, to offer 176 megawatts of capacity Vantage Data CentersHardening the gridThe aging grid is often ill-equipped to handle the load even where enough power can be generated.

Persons: Katie Tarasov, they're, OpenAI's ChatGPT, Jeff Tench, Tench, there's, Shaolei Ren, Rahul Chaturvedi, Chaturvedi, ChatGPT Organizations: Boston Consulting, CNBC, Vantage, North, University of California, U.S Locations: Santa Clara , California, U.S, Silicon Valley, North America, Northern California, Ohio , Texas, Georgia, Phoenix , Arizona, Riverside, Virginia, San Diego

Mr. Vance’s stumbles have come after a remarkable two weeks when Mr. Trump survived an assassination attempt, and then rallied the party — and even some skeptics — behind him. Then, in a sense, Mr. Trump and Mr. Vance were the victims of that success. Image Mr. Vance, center right, and Mr. Trump at the Republican National Convention earlier this month. Some of Mr. Vance’s comments on some conservative podcasts veered into serious policy critiques that trucked in antisemitic tropes and racial stereotypes. Still, the Harris campaign was happy with the bruises they had inflicted.

Persons: JD Vance, Ohio, Donald J, Vance, Trump, deriding, Vance’s, Harris, “ I’ve, ”, —, Kamala Harris, Biden, Doug Mills, pushback, Dave Portnoy, Steven Cheung, “ We’re, Jean Carroll, Jennifer Aniston, Tucker Carlson, they’ve, Hillary Clinton’s “, Rupert Murdoch, Doug Burgum, Hiroko Masuike, Carlson, Harris’s, “, Mr, Kelly, ” George Soros, Soros, Taylor Van Kirk, Brian Schatz, Chris Murphy, Trump’s, Marco Rubio, ” Mr, Rubio, they’re, ” Sarafina Organizations: Trump, Democratic, Republican National Convention, Republican, New York Times, Barstool Sports, Publicly, Fox News, The, Mr, Credit, CNN, Democrat, Democratic National Committee Locations: Ohio, Middletown , Ohio, Milwaukee, New York, North Dakota, SiriusXM, Columbus, California, Hawaii, Connecticut, Florida

☆ The Quiet Bond Kamala Harris Forged With Three V.P. Contenders
▼ + stars: | 2024-07-28 | by ( Katie Glueck | ) www.nytimes.com time to read: +1 min

When President Biden introduced Kamala Harris as his running mate four years ago, he shared their origin story: He had first learned of her, he said, through his son Beau, who served with her as a state attorney general. “I know how much Beau respected Kamala and her work,” Mr. Biden said of his son, who died in 2015 and was Delaware’s attorney general when Ms. Harris held the same job in California. “That mattered a lot to me, to be honest with you, as I made this decision.”Now it is Vice President Harris who is deciding on a running mate. Of the five or six vice-presidential options currently seen as the most serious contenders, two of them — Governors Roy Cooper of North Carolina and Andy Beshear of Kentucky — directly overlapped with Ms. Harris as attorneys general. Josh Shapiro of Pennsylvania came into the job as she was leaving her post, and as Mr. Trump entered the White House.

Persons: Biden, Kamala Harris, Beau, “, Kamala, ” Mr, Harris, Donald J, Trump, Roy Cooper of, Andy Beshear, Josh Shapiro Organizations: Democratic, Pennsylvania, White Locations: California, Roy Cooper of North Carolina, Kentucky

Mr. Vance’s stumbles have come after a remarkable two weeks when Mr. Trump survived an assassination attempt and then rallied the party — and even some skeptics — behind him. Then, in a sense, Mr. Trump and Mr. Vance became the victims of that success. Some of Mr. Vance’s comments on some conservative podcasts veered into serious policy critiques that trucked in antisemitic tropes and racial stereotypes. The Harris campaign has been able to keep the spotlight on the momentum behind her fledgling presidential run — and away from Mr. Trump. Still, the Harris campaign was happy with the bruises they had inflicted.

Persons: JD Vance, Ohio, Donald J, Vance, Trump, deriding, Vance’s, Harris, “ I’ve, ”, —, Kamala Harris, Biden, Doug Mills, pushback, Dave Portnoy, Steven Cheung, Mr, Cheung, “ We’re, Jean Carroll, Jennifer Aniston, Tucker Carlson, they’ve, Hillary Clinton’s “, Rupert Murdoch, Doug Burgum, Hiroko Masuike, Carlson, Harris’s, “, Kelly, ” Mr, ” George Soros, Soros, Taylor Van Kirk, William Martin, Brian Schatz, Chris Murphy, Trump’s, Marco Rubio, Rubio, they’re, ” Sarafina Organizations: Trump, Democratic, Republican National Convention, Republican, New York Times, Barstool Sports, Publicly, Fox News, The, Mr, Credit, CNN, Senate, Democrat, Democratic National Committee Locations: Ohio, Middletown , Ohio, Milwaukee, New York, North Dakota, SiriusXM, Columbus, California, Hawaii, Connecticut, Florida

Since Harris kicked off her presidential campaign, there’s been a string of good news for the US economy. Harris will have Biden’s mostly strong economy to run on. By June 2021, Biden’s sixth month in office, the nation’s inflation rate jumped to more than 5%. After the Federal Reserve hiked interest rate hikes to a 23-year high to stamp out inflation, the economy — eventually — started to run at a slower pace. The Biden administration canceled $168 billion in student loan debt for 4.8 million Americans.

Persons: Joe Biden, Biden, Kamala Harris, Harris, there’s, Biden’s, —, hasn’t, Evan Vucci, Eros Hoagland, Getty, Lina Khan, Jonathan Kanter, Stocks Organizations: CNN, White House, House, Federal, Trump, Biden, Federal Reserve, Gross, Commerce Department, of Labor Statistics, Infrastructure Investment, Jobs, AFL, National Labor Relations Board, United Auto Workers, Union, AP Relief, American, ARPA, Medicare, University of North, Hill, Apple, Google, Federal Trade Commission, Department, FTC, Activision, Big Tech, Justice Department, Fed Locations: Ukraine, Van Buren Township , Michigan, University of North Carolina, America, Valley, Silicon Valley

☆ Trump's Bitcoin speech aims to lock down crypto support as Harris gains momentum
▼ + stars: | 2024-07-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

It is also quite the about-face by the Republican presidential nominee. The Republican presidential nominee will also host an accompanying fundraiser in Nashville, with tickets topping out at $844,600 . Bitcoin 2024 conference organizers say they were briefly in talks to have Vice President Kamala Harris appear at the conference, though she ultimately declined. "I think we're going to hear from Vice President Harris soon on this. Harris' team has already begun to reach out to people close to crypto companies to set up meetings, the Financial Times reported on Saturday.

Persons: Donald Trump, Joe Biden's, David Bailey, Trump, NASHVILLE —, bitcoin, Fox, I've, Harris, Wiley Nickel, Nickel, Kamala Harris, Mark Cuban, we've Organizations: Van, Trump, Republican, BTC Inc, NASHVILLE, Republican Party, Biden, Democratic Party, Democratic, North Carolina, CNBC, Financial Times Locations: Grand Rapids , Michigan, America, Nashville, Washington, North

☆ Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul
▼ + stars: | 2024-07-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +16 min

Part of the building site of the Magic City development in Little Haiti. Among the properties is Sixty Uptown Magic City, billed as a collection of luxury residential units. Plaza Equity Partners, a real estate developer and one of the Magic City partners, did not respond to CNBC's requests for comment. Magic City development site in Little Haiti. Magic City investors also invested $31 million in the Little Haiti Revitalization Trust, created and administered by the City of Miami to support community revitalization in Little Haiti.

Persons: Greg Iacurci, Greg Iacurci MIAMI — Nicole Crooks, James Brown, Sam Cooke, Ray Charles, Aretha Franklin, Ella Fitzgerald, Jackie Robinson, Joe Louis, Overtown, Crooks, Nicole Crooks, Carl Gershenson, Gershenson, Moody's, Robert Zangrillo, Princeton's Gershenson, Andrew Rumbach, Chris Rogers, Rumbach, Brown, Fredericka Brown, Carolyn Donaldson, Greg Iacurci Carolyn Donaldson, Donaldson, David Arditi, Greg Iacurci Flood, Arditi, homebuyers, Han Li, Richard J, Grant, Todd Crowl, Urban Institute Paulette Richards, Richards, who's, Carl Juste, Greg Iacurci Carl Juste's, — Viter, Maria Juste, Little, Little Haiti —, " Juste, Juste, Neil Fairman Organizations: Lyric, Greg Iacurci MIAMI, Catalyst Miami, Princeton University Eviction, Magic City, Liberty City —, Dade, Harvard University, Florida International University, Magic City Innovation, Dragon, Miami ZIP, Liberty City, Miami, West Palm Beach, Boca Raton, Urban Institute, Marshall Fire, Photodisc, Georgia Institute of Technology, Brookings Institution, Macedonia Missionary Baptist Church, Macedonia Missionary Baptist, Grove Rights, Community Equity, Development, Developers, City, Aria Development, Federal Emergency Management Agency, University of Miami, Florida International University Institute of Environment, Women, Leadership Miami, Little Haiti, Magic City Innovation District, Dragon Global, Magic, Plaza Equity Partners, Lune, Lambert, Little Haiti Revitalization Trust Locations: Miami's Overtown, Miami, Overtown , Miami, Magic, Little Haiti, U.S, Zillow, Overtown, Allapattah, Liberty, Dade County, Kendall, West Palm, Delray, Honolulu, Louisville , Colorado, Colorado, Coconut Grove, Macedonia, West, West Grove, Bahamas, Grove, City of Miami, Brickell, Caribbean, Liberty City, Haitian Diaspora, Magic City, Lune Rouge

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