DIRS.INFO The most relevant business & tech news

☆ Rising bond yields are weighing on stocks. It could get worse after the election
▼ + stars: | 2024-10-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Treasury yields are raining on the stock market's parade. The benchmark 10-year Treasury yield soared above 4.2% on Tuesday for the first time since late July. The bank compiled different scenarios for how the 10-year and 2-year Treasury yields may react, depending on the election outcome. "We think a blue or red sweep is likely to impact Treasury yields more than a divided government," traders at the bank wrote. "We expect FSLR to benefit from either candidate winning the presidential election," analyst Vikram Bagri wrote.

Persons: Donald Trump's, Trump, Kamala Harris, Vikram Bagri Organizations: Federal Reserve, JPMorgan, Trump, NBC News, Citi, Democratic, Republican Locations: China

☆ Tudor Jones is long gold and bitcoin as hedge fund titan believes 'all roads lead to inflation'
▼ + stars: | 2024-10-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

"I think all roads lead to inflation," Jones told CNBC's "Squawk Box" on Tuesday. "I'm long gold. I'm long bitcoin. I think commodities are so ridiculously underowned, so I'm long commodities. @GC.1 YTD mountain Gold, YTD The CBO expects deficits will hit $2.8 trillion by 2034, up from $1.8 trillion in fiscal 2024.

Persons: Paul Tudor Jones, Jones, CNBC's, That's, Robin Hood, Donald Trump, Bitcoin Organizations: Trump, Nasdaq, Tudor Investment, Robin, Robin Hood Foundation, Congressional, Treasury, Federal, Metrics Locations: U.S

☆ 'New bullish phase'? As gold hits another high, analysts say more records are in sight
▼ + stars: | 2024-10-22 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Close up stack of gold bars, financial wealth concepts and businessGold is in a "new bullish phase" after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. Spot gold is currently trading at $2,729.14 per ounce, while gold futures are at $2,741.20. "Rising U.S. debt-to-GDP ratios have historically led to higher gold prices due to concerns over the sustainability of debt, currency devaluation and debt monetization," Wong continued. As debt increases, governments might resort to printing money to address deficits, which can devalue the currency, Wong explained. This erosion of trust in fiat currency enhances gold's appeal as a reliable store of value.

Persons: Paul Wong, Wong Organizations: Sprott Asset Management, U.S ., U.S, Congressional

☆ Navajo code talker, who played crucial role in WWII, dies at 107
▼ + stars: | 2024-10-21 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

One of the last Navajo Code Talkers, who helped secure an Allied victory in World War II by sending crucial messages in a code based on the Navajo language, has died. “On behalf of the entire Navajo Nation, our Navajo veterans and service men and women, First Lady Jasmine Blackwater-Nygren and me, we extend our sincerest condolences and prayers to the family of Mr. Kinsel,” Navajo Nation President Buu Nygren said announced on social media. From right, Navajo Code Talkers John Pinto , John Kinsel, Sr. and William T. Brown during the Navajo Nation Code Talkers Day ceremony in Window Rock, Ariz., on Aug. 14, 2018. Kinsel received a Purple Heart in 1989 and a Congressional Silver Medal for his service as a Navajo code talker in 2001. Following Kinsel's death, there are now only two surviving Navajo Code Talkers: Former Navajo Chairman Peter MacDonald and Thomas H. Begay, The Associated Press reported.

Persons: John Kinsel Sr, Lady Jasmine Blackwater, Kinsel, Buu Nygren, Mr, selflessly, Talkers John Pinto, John Kinsel, William T, Brown, Mark Henle, Nygren, “, ”, John Woo, Kinsel’s, Ronald Kinsel, “ Cheii, Peter MacDonald, Thomas H Organizations: Navajo, U.S . Marine Corps, USA, Marines, U.S . Navy, Navajo Times, Marine Corps, Department of Veteran Affairs, Associated Press Locations: Navajo, United States, Republic, Pacific, Iwo Jima, Cove , Arizona, Lukachukai, Guam, Bougainville

"We find President Trump's campaign proposals would dramatically worsen Social Security's finances," the CRFB budget group said in a blog post. Social Security trust funds are set to be exhausted by Fiscal Year 2034, according to the Congressional Budget Office. "If you cut income taxes and cut payroll taxes, then you're going to have an impact on Social Security," Freese said. "I don't believe the Trump campaign is looking to undermine Social Security," said Andrew Biggs, senior fellow at the American Enterprise Institute and former principal deputy commissioner of the Social Security Administration. "And likewise, Social Security is so big, any changes to Social Security will affect other things."

Persons: Trump's, Trump, Karoline Leavitt, Leavitt, Kamala Harris, Maria Freese, Freese, Harris, Andrew Biggs, Biggs Organizations: Republican, CNBC, Social Security, Democratic, Social, Congressional, Trump, National Committee, Preserve Social Security, Medicare, American Enterprise Institute, Social Security Administration, Security Locations: Monday's

☆ Convenient No More: Why CVS, Walgreens, 7-11 Are in Trouble
▼ + stars: | 2024-10-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

What's more, many pharmacies serve as a convenient destination for all sorts of essentials, from aspirin to mascara. Big chains like Walgreens and CVS make their money in two main ways: selling prescriptions in the back of their stores and selling everyday goods out front. As Walgreens and CVS stores have proliferated over the past decade or so, many of their locations are basically right on top of each other. On the other end of the business, pharmacies are expensive to run. In the current landscape of commoditized pharmacies, there's no such thing as personalized service.

Persons: What's, Elizabeth Anderson, Neil Saunders, nilly, they've, Douglas Hoey, Jason Goldberg, Waits, Duane Reade, Brian Tanquilut, I've, Goldberg, Saunders, I'm, Nick Fabrizio, Steven Anderson, Fabrizio, Emily Stewart Organizations: Walgreens, CVS, Rite, Evercore ISI, Walmart, National Community Pharmacists Association, Express, Groupe, Jefferies, MTV, Cornell University, National Association of Chain Drug, Business Locations: mascara

☆ A Trump presidency would drain Social Security's finances faster, budget group warns
▼ + stars: | 2024-10-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Trump's proposals would dramatically worsen Social Security's finances, a nonpartisan budget group is warning. The group predicts Trump's agenda would push up Social Security insolvency by 3 years. Harris' proposals would have little impact on Social Security's insolvency timeline, the group says. AdvertisementThe Social Security and Medicare Boards of Trustees estimated that the fund would run out a year later, in 2035. President Trump delivered on his promise to protect Social Security in his first term, and President Trump will continue to strongly protect Social Security in his second term," Leavitt said in the statement.

Persons: Harris, —, Trump, Trump's, wouldn't, nominee's, that's, Karoline Leavitt, Leavitt, Kamala Harris, CRFB's, Marc Goldwein, Xers, they're Organizations: Social, Service, Federal, Social Security, Congressional, Office, Security, Trump, Republican, Business, Democratic, Washington Post

☆ Harris taps Cheney for ‘blue wall’ tour as she courts undecided independents, moderate Republicans
▼ + stars: | 2024-10-21 | by ( Eric Bradner | Ebony Davis | ) edition.cnn.com time to read: +10 min

Harris looks to ‘paint a picture’ for undecided votersSuburban moderates are far from the only group Harris’ campaign is targeting in the race’s closing days. As the Harris campaign tries to make inroads with men, podcasts like Joe Rogan’s are still under consideration, a source familiar with the matter said. “No matter your party, no matter who you voted for last time, there is a place for you in this campaign,” Harris said last week. She appealed to moderate voters and women in their 2024 primary — including many of the same voters Harris’ campaign is targeting in the race’s late stages. Trump’s campaign has been touting Haley’s endorsement in battleground states.

Persons: Kamala Harris, Liz Cheney, Harris, Donald Trump, ’, Nikki Haley, Trump, Haley, ”, Adam Kinzinger, “ It’s, Cheney, Sarah Longwell, Charlie Sykes, Ohio Sen, JD Vance, ” Vance, Joe Rogan’s, “ We’re, ” Harris, David Plouffe, Donald Trump —, Joe Biden’s, Trump’s, Biden, ” Trump, “, ” “, ” Haley, he’d, Alabama Sen, Katie Britt, Roe, Progressives shrug, Harris ’, Dick Cheney’s, —, Vermont Sen, Bernie Sanders, Leah Greenberg, Kamala, ” Greenberg, ” CNN’s Daniel Strauss, Priscilla Alvarez, Gregory Krieg, Kristen Holmes, Alayna Treene, Steve Contorno, Kit Maher Organizations: CNN, Republicans, Wyoming, South Carolina Gov, Illinois Rep, Republican, Trump, Democratic, White House, Suburban, Black, “, Republican National Convention, Fox News, Alabama, Progressives, Union, House Locations: Michigan , Pennsylvania, Wisconsin, Pennsylvania, Chester County , Pennsylvania, Oakland County , Michigan, Waukesha County , Wisconsin, Wyoming, ”, Georgia, Puerto Rican, Arizona, Nevada, Washington Crossing , Pennsylvania, Bucks County, Philadelphia, Milwaukee, Green Bay , Wisconsin, America, Iraq, Vermont, “ State

☆ Fact check: Trump repeats debunked lies about FEMA’s hurricane response during North Carolina visit
▼ + stars: | 2024-10-21 | by ( Daniel Dale | ) edition.cnn.com time to read: +5 min

Washington CNN —Former President Donald Trump used a Monday visit to North Carolina to repeat debunked lies about the federal response to Hurricane Helene. They’ve spent it on illegal migrants,” Trump said. Second, it’s not true that FEMA disaster assistance money was improperly reallocated to migrants. But here’s the key: this $650 million pot is entirely distinct from FEMA’s much larger pot of disaster relief funds. As of last Tuesday, its Disaster Relief Fund had about $8.5 billion remaining, FEMA told CNN’s Ella Nilsen.

Persons: Donald Trump, Hurricane Helene, Trump, “, They’ve, ” Trump, Biden, it’s, they’re, Congress –, Chuck Edwards of, Edwards, CNN’s Ella Nilsen, Helene –, Alejandro Mayorkas, Helene, ” Organizations: Washington CNN, Federal Emergency Management Agency, Republican, FEMA, Trump, US Customs, Department of Homeland Security, White, Republicans, Congress, Disaster Relief, Homeland Locations: North Carolina, Asheville, Greenville, Chuck Edwards of North Carolina, Hurricane, Helene

☆ Billionaire Ripple founder has given more than $11.8 million to Harris campaign
▼ + stars: | 2024-10-21 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Including Larsen's August contribution of $1 million worth of XRP tokens, the billionaire has given more than $11.8 million to PACs supporting the Harris campaign, making him one of the crypto industry's largest individual donors this cycle. He's part of an industry that's become suddenly prominent in political fundraising, though more heavily in support of Republicans. The Trump PAC has raised about $7.5 million crypto donations since early June. The committee gave out nearly $29 million in September. They've received $1.3 million and $1 million, respectively.

Persons: Chris Larsen, James Delmore, Harris, Larsen, who's, he's, Biden, " Larsen, isn't, that's, Fairshake, Southern California Republicans David G, Valadao, Michael Garcia, They've Organizations: Harris, Fund, CNBC, Biden, Democratic, Fund PAC, Forbes, Public Citizen, The Trump PAC, —, American Jobs PAC, Republicans, Southern, Southern California Republicans Locations: Bay, Fairshake, New York , Nevada, California, Southern California

☆ Top crypto PAC targets close House races as 2024 election hits final stages
▼ + stars: | 2024-10-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats. Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans. Crypto groups have spent over $130 million in congressional races for this year's election, including the primaries, according to FEC data.

Persons: Trump, that's, Fairshake, James Delmore, Southern California Republicans David G, Valadao, Michael Garcia, They've, Delmore, Patrick Ryan, Steven Horsford, Angela Dawn Craig, Derek Yoo, Katie Porter Organizations: US, —, American Jobs PAC, Republicans, CNBC, Southern, Southern California Republicans, Democratic, Progress, Senate, Public Citizen, SEC, Moonsong, California Senate, Fairshake's, Crypto Locations: Nashville , Tennessee, New York , Nevada, California, Southern California, Illinois , Colorado , Oregon , Iowa, Arkansas, Arizona, Michigan, Utah

☆ Elon Musk is flexing his wealth and political power unlike any of the richest men before him
▼ + stars: | 2024-10-20 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

Musk has also seeded at least $75 million into a pro-Trump super PAC. "Elon Musk is sort of a natural for Donald Trump, " journalist Roger Lowenstein, who wrote a biography about Warren Buffett, told Business Insider. Recently, Musk's company seized the @America handle to boost his super PAC. AdvertisementNone of the other recent wealthiest men have come close to Musk's super PAC spending. Bezos made the biggest splash in 2018 when they donated $10 million to With Honor, a super PAC that supported veteran candidates.

Persons: Elon Musk, —, Donald Trump's, Musk, Elon, Donald Trump, Roger Lowenstein, Warren Buffett, Timothy Mellon, Robert F, Kennedy Jr, Koch, Michael Bloomberg, Bill Gates, Jeff Bezos, Ciara Torres, Lowenstein, Buffett, Warren, doesn't, It's, Anna Moneymaker, Barack Obama, Sen, JD Vance, Trump's, Trump, Ken Vogel's, Obama, Steve Ballmer, Gates, John McCain, Hillary Clinton, Joe Biden, he's, Steve Pope, Harris, Biden, Melinda French Gates, Bezos Organizations: Trump, Service, PAC, America PAC, American, Stetson University, Alternative Energy, The New York Times, Citizens, Citizens United, Microsoft, Berkshire, Republican, Obama, Electoral College, Nebraska, Congressional, Musk's, Washington Post, Communist Locations: Pennsylvania, Butler , Pennsylvania, Omaha, Gates, Nebraska's

☆ We are 15 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-10-20 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +9 min

The presidential race remains razor close, with control of the White House at a coin-flip. AdvertisementIn just over two weeks, Election Day 2024 will be here — a final cap to a wild, at times unprecedented presidential fight that, for the moment, remains far too close to call. Noted election forecaster Nate Silver's model now shows Trump with an extremely slight lead in what continues to remain a toss-up race. Harris trolled Trump on Friday for being "exhausted," referencing a string of interviews he has reportedly walked away from. In the overwhelmingly conservative state, there's a swing district, the Omaha-based Nebraska 2nd.

Persons: —, Joe Biden, Kamala Harris, Donald Trump's, pollster Kristen Soltis Anderson, iecuUVyJ5e, Kristen Soltis Anderson, Harris, Mark Robinson, Nate Silver's, Harris trolled Trump, Trump, Barack Obama, Hillary Clinton, She's, Mark Cuban, Liz Cheney, Obama, Bruce Springsteen, Clinton, Bon Jovi, He's, It's, Melania Trump, night's Al Smith, Mike Pence, cohosts, Nikki Haley, Elon Musk, Musk, Spencer Platt, Mary, there's, There's, Biden, Trump's, Warren Buffett's Organizations: Service, White, Labor, RCP, Trump, Gov, The New York Times, Democrats, GOP, Capitol, Fox, Tesla, PAC, Getty, Pennsylvania, North Carolina —, Democratic, Electoral, Nebraska, Nebraska Republicans Locations: North Carolina, Wisconsin , Michigan, Pennsylvania, Michigan, Siena, Georgia, Des Moines , Iowa, Philadelphia, New York, Michigan , Pennsylvania, Wisconsin, Nebraska, Maine , Nebraska, Omaha, Minnesota , New Hampshire, New Mexico, Arizona

☆ Arizona is a top presidential battleground. But the Senate and House races there are taking place in their own universe.
▼ + stars: | 2024-10-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil_Hs.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +6 min

In the House, two Republican congressmen are aiming to fend off a pair of Democratic former state legislators. Seven-term GOP Rep. David Schweikert is seeking to hang on against Amish Shah, a doctor, in the blue-trending Phoenix suburbs after winning by less than 1 point in 2022. And in the Tucson area, freshman Republican Rep. Juan Ciscomani is facing a rematch against Kirsten Engel after previously winning by under 2 points. Arizona’s two highly competitive House racesBoth of these House races are rated as “toss-ups” by the nonpartisan Cook Political Report With Amy Walter. “All four have distinct personalities,” said a Democratic operative working on House races, who spoke candidly on the condition of anonymity.

Persons: Mesa Mayor John Giles, Kamala Harris, Kari Lake, Donald Trump acolyte, Ruben Gallego, “, Donald Trump, ” Giles, hasn’t, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Amy Walter, ”, Lake, “ Arizonans, Ciscomani, Blake Masters, Gallego, ” “, Trump, Lake’s, Don, Bacon, Dan Conston, Harris, Sen, John McCain, “ I’ve, I’m, ” Roberta Voss, Eli Crane, Crane, Jonathan Nez, Kevin McCarthy midsession, McCarthy, Marson Organizations: Mesa Mayor, Republican, Democratic, Senate, GOP, Trump, Nebraska Rep, Congressional, Fund, NBC News, Social Security, Navajo Nation, ” Arizona Republican, American Locations: Arizona, Phoenix, Tucson, Omaha, Navajo, ” Arizona

☆ An American was kidnapped from a southern Philippine town and a search is underway
▼ + stars: | 2024-10-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

The Philippine police said Friday it has launched a search after gunmen reportedly abducted an American national, who was shot in the leg as he tried to resist before being spirited away from a southern Philippine coastal town by speedboat. Police in Sibuco town in the southern province of Zamboanga del Norte tried to pursue the suspected abductors and their victim, who they identified as Elliot Onil Eastman, 26, from Vermont, after the reported abduction on Thursday night. “We confirm that there was a report of the alleged abduction of an American national,” the regional police said in a statement. The southern Philippines has bountiful resources but has long been hamstrung by stark poverty and an array of insurgents and outlaws. They targeted American and other Western tourists and religious missionaries, most of whom were freed after ransoms were paid.

Persons: Elliot Onil Eastman, Hamsiran Jala, Eastman, Abu, Abu Sayyaf, ransoms Organizations: Philippine, Catholic, Police, American, Associated Press, Eastman, Facebook, Embassy Locations: American, Philippine, Philippines, Sibuco, Zamboanga del Norte, Vermont, Basilan, Sulu, Sibuco ., U.S, Manila, Moro Islamic, Abu Sayyaf, United States, beheadings, Sirawai

☆ Venture capital is going to war over the election. Here's the data to prove it.
▼ + stars: | 2024-10-19 | by ( Rob Price | Melia Russell | ) www.businessinsider.com time to read: +10 min

VCs are lobbing cash at the presidential election and key congressional races, FEC data shows. This election cycle, investors at the top venture capital firms have plowed tens of millions of dollars into the election, both backing their favored political candidates and just cannily promoting commercial interests. (The filing deadline for Q3 data for quarterly filing entities was October 15, but this data isn't yet readily available in full online.) Business Insider selected 10 venture capital firms to focus on, taking into account fund size and cultural and industry significance. Sequoia Capital's Doug Leone is one of VC's most prolific GOP-aligned political donors, giving his almost $3.8 million to the National Republican Committee and other causes.

Persons: Reid Hoffman, Kamala Harris, —, hasn't, Andreessen Horowitz, blockchain, Marc Andreessen, Ben Horowitz, a16z, Horowitz, Andreessen, Harris, megadonor Reid Hoffman, Keith Rabois, Kleiner Perkins, Michael Moritz, Shaun Maguire, Joe Manchin, Hoffman, Horowitz Hoffman, Joe Biden, Biden, Nikki Haley, Trump, Vinod Khosla, John Doerr, Doug Leone, Elon Musk, Melia Russell, Rob Price Organizations: Service, Federal, Commission, Yuga Labs, White, Republicans, Founders Fund, SpaceX, Khosla Ventures, Sequoia Capital, Sequoia Heritage, Business, Republican, Lincoln, Democratic, Democratic Party, Democratic Congressional, Sequoia, National Republican, Future Forward PAC, America PAC, Elon, Investors, splashy Hamptons, Harris Victory Fund, Harris Action Fund, Democratic National Committee Locations: Solana, Sequoia, West Virginia, New Hampshire

In August, LGBTQ rights were unmentioned in GOP broadcast TV ads; in September, they accounted for just 7.5%, or about $7 million in total broadcast spending. Crime ranked second, drawing about 55% of Republican broadcast ad dollars. In September, both issues still ranked among the top five, with crime the leading issue, though ad spending on immigration was down to 35%, and crime to 44%. Pro-Harris campaign adsHarris and her allies have also made some strategic adjustments to the content of their broadcast TV advertising. In August, taxation ranked as the fifth issue for Democrats in their broadcast TV advertising, accounting for about a quarter of presidential spending.

Persons: Donald Trump, Kamala Harris, Harris, –, ’, Trump Organizations: CNN, Trump, Republican, GOP, Democratic, Biden

☆ Your election questions, answered
▼ + stars: | 2024-10-19 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +26 min

They ranged from questions about the Electoral College to specific inquiries about why ballots in some counties look the way they do. We’ll add answers to new questions weekly until the election and also send them out to the What Matters newsletter audience. CNN did not project that President Joe Biden would win the 2020 election until four days after Election Day. -- Linda in WashingtonThere were a lot of questions about the Electoral College, which should frustrate people on both sides of the aisle. I’m not including the election of 1800, even though it resulted in a tie in the Electoral College.

Persons: I’ve, Debbie, Ariel Edwards, Levy, Read, they’ve, Will, Trump, Dennis, Donald Trump, don’t, faithless, Sen, Bernie Sanders of, Ron Paul of Texas, Jeanette, Elon Musk, –, Democrats –, Elena, you’re, that’s, you’ve, Harris, Kamala Harris, CNN’s KFile, it’s, Ron, CNN’s Tami Luhby, Joe Biden, Hillary Clinton, George W, Bush, Jennifer Agiesta, what’s, we’re, hasn’t, noncitizens, Critics, doesn’t, Sheila, Nicole Unzicker, Unzicker, Terry I’m, Harvey Let’s, Doug Sosnik’s, Patricia, Al Gore, Rutherford B, Hayes, Samuel Tilden, Tilden, John F, Kennedy, Richard Nixon, James Garfield, Winfield Hancock, I’m, Sandra, Jack Smith, Julie Organizations: CNN, Electoral College, Washington, Puerto Rican, Social Security, Electoral, Library of Congress, Elon, Democrats, Trump, Colorado Presidents, Security, Federal, Republican, Heritage Foundation, Dominion, Senate, White, Democratic, Lumina Foundation, Supreme, eventual, Michigan Trump, Gallup Locations: Florida, Madison, Chad, Virginia, Michigan, Puerto Rico, Guam, Minnesota, Washington, DC, Puerto, Congress, Bernie Sanders of Vermont, Pennsylvania, Colorado, South Carolina, United States, California, Harris, Georgia, North Carolina, . Pennsylvania, Missouri, North Dakota, California , Maryland, Vermont, Washington ,, Ohio, Butler County, Texas, New York, It’s, today’s America, New Hampshire

☆ Crypto's $130 million congressional election binge has candidates like Utah's John Curtis poised for big wins
▼ + stars: | 2024-10-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

U.S. Rep. John Curtis speaks during the Utah Senate primary debate for Republican contenders battling to win the seat of retiring U.S. Sen. Mitt Romney, June 10, 2024, in Salt Lake City. SALT LAKE CITY — John Curtis, a Republican congressman from Utah, has become a favorite of the crypto industry in his bid to win the Senate seat held by the departing Mitt Romney. "They looked at me like I was from another planet," Curtis told the crowd at the Permissionless conference. Curtis, 64, said he realized then that lawmakers needed to be smarter about regulations and actually understand the user experience. Additionally, the PAC spent more than $1.5 million to oppose Curtis' Republican primary challenger, Trent Staggs.

Persons: John Curtis, Sen, Mitt Romney, Curtis, they'd, Caroline Gleich, James Delmore, Trent Staggs Organizations: Rep, Utah Senate, U.S, CITY, Republican, Democratic, American Jobs PAC, CNBC Locations: Utah, Salt Lake City, Provo

☆ A historically Black community grapples with lasting impacts after Baltimore bridge collapse
▼ + stars: | 2024-10-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +12 min

For their working-class, historically Black neighborhood, it was a lifeline to the outside world, a source of both pride and convenience. She doesn’t want to leave Turner Station, where her grandparents put down roots many decades ago. The federal government provided nearby housing only for white workers, so Black families started their own community in nearby Turner Station. He said Turner Station residents have expressed concern about potential damage to buildings from the seismic impact of the collapse. Meanwhile, Turner Station residents will be doing what they’ve done for generations: coming together and fighting for their community.

Persons: Baltimore’s Francis Scott Key, Minor, she’s, ruefully, ”, Courtney Speed, shouldn’t, “ We’ve, Turner, Speed’s Barber, “, ” Henrietta, Johns Hopkins, Robert Curbeam, Kweisi Mfume, Calvin Hill, “ It’s, Mfume, he’s, ” Mfume, Marquis Neal, Linwood Jackson, Jackson, ” Vernon Banks, There’s Gloria Nelson, there’s, Rashad Singletary, ” Singletary, God, He’s, nodded Organizations: Turner, Black steelworkers Turner, Black steelworkers, Bethlehem Steel, Turner Station, NASA, . Rep, NAACP, NFL, Democrat, ” Residents, football, Mount, Mount Olive Baptist Church Locations: Black, Turner, Baltimore’s, Baltimore, Southern, Congress, Baltimore County, Vietnam, Bethlehem, Avondale, Mount Olive

☆ A federal disaster fund has drawn 50,000 applications after twin hurricanes. One problem: It’s out of money.
▼ + stars: | 2024-10-18 | by ( Laura Strickler | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Frank-Thorp-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +3 min

About 54,000 have applied for low-interest loans from a disaster fund operated by the Small Business Administration, but the money has all dried up. The SBA disaster loan fund remains a major source of money for businesses obliterated by natural disasters, according to the Congressional Research Service. “While we await Congress to provide much-needed funding, we strongly encourage eligible businesses and households to apply for SBA disaster loans. " Before the funding ran out, about 750 had been approved to receive loan money totaling $48 million, according to the SBA. He's reluctant to apply for an SBA loan because of his precarious financial situation.

Persons: Lucious Wilson, Hurricane Helene, “, ”, reconvenes, Isabel Casillas Guzman, Kristen Welker, Mike Johnson, Johnson, Wilson, he's, He's Organizations: NBC News, Wedge Brewery, Small Business Administration, Biden, NBC, SBA, Congressional Research Service, Press Locations: Asheville , North Carolina, Asheville, N.C

Nearly all of those jurisdictions provide multiple vote reports (updates to the vote count) on election night and in the following days. In the November 2020 election, NBC News received over 88,000 updates to its vote totals across 542 different races. ET that night, NBC News received just over four updates per second, on average. Since 2018, the NEP has received vote count data from Edison Research, a firm that specializes in collecting election data. What makes election results in this country trustworthy, however, are the countless fail-safes that detect and correct such mistakes.

Persons: Edison, ” Organizations: NBC News, NBC, ABC News, CBS News, CNN, Edison Research Locations: Washington, New England, Clark County , Nevada, Las Vegas, Maricopa County , Arizona, Phoenix, Milwaukee County, Wisconsin

CNN —Special counsel Jack Smith on Friday released nearly 2,000 heavily redacted pages of documents in his 2020 election subversion criminal case against former President Donald Trump, revealing snippets of the evidence Smith relied on to charge the former president. The documents were released a day after Judge Tanya Chutkan rejected a bid by Trump to pause the release. Others include a myriad of claims of voter fraud during the 2020 election. The final volume includes memos from lawyer John Eastman with a plan for Pence to reject the congressional certification of the 2020 election. Prosecutors have charged Trump with four crimes stemming from his actions following his 2020 election loss, including conspiracy to defraud the United States and obstruction.

Persons: Jack Smith, Donald Trump, Smith, Trump, Mike Pence’s, “, let’s, Coke, I’m, Tanya Chutkan, ” Chutkan, What’s, Here’s what’s, Pence, didn’t, John Eastman, Trump’s, Chutkan Organizations: CNN, White, Republicans, White House, Trump, Capitol, Prosecutors Locations: Georgia, Trump, United States

☆ U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
▼ + stars: | 2024-10-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday. Even with a modest surplus in September, the shortfall totaled $1.833 trillion, $138 billion higher than a year ago. The deficit came despite record receipts of $4.9 trillion, which fell well short of outlays of $6.75 trillion. Government debt has swelled to $35.7 trillion, an increase of $2.3 trillion from the end of fiscal 2023. Interest expense for the year totaled $1.16 trillion, the first time that figure has topped the trillion-dollar level.

Organizations: Biden, Treasury Department, Social Security, Treasury, Congressional, Office

☆ McConnell privately called Trump a 'despicable human' and unfit for office, new book says
▼ + stars: | 2024-10-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Frank-Thorp-Circle-Byline-Template.Jpg | Frank Thorp V | ) www.nbcnews.com time to read: +2 min

WASHINGTON — Senate Minority Leader Mitch McConnell has endorsed Donald Trump for president this year. But in a new book, the powerful Kentucky Republican is quoted after the 2020 election disparaging Trump as a “despicable human being,” “stupid” and “ill-tempered." McConnell did not deny his statements about Trump as quoted in the book, when asked about it Thursday. In late December 2020, a month after Democrat Joe Biden defeated Trump in the presidential election, McConnell skewered Trump for holding up billions of dollars in Covid relief funds. Trump is “stupid as well as being ill-tempered and can’t even figure out where his own best interests lie,” McConnell said at the time.

Persons: Mitch McConnell, Donald Trump, Trump, McConnell, sobbed, Power, Michael Tackett, JD Vance, Lindsey Graham, ” McConnell, Democrat Joe Biden, McConnell skewered Trump Organizations: Kentucky Republican, Capitol, NBC News, The Associated Press, Trump, AP, Democrat, Peach State, Republicans Locations: WASHINGTON, The, Peach

Search resuls for: "Congressional"

25 mentions found