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☆ Inside Best Buy's push to get back to sales growth, cash in on AI craze
▼ + stars: | 2024-07-23 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

One of Best Buy's major hopes to drive sales comes from artificial intelligence-enabled laptops and smartphones. Best Buy expects revenue to range from $41.3 billion to $42.6 billion, a decline from $46.3 billion last year. (Best Buy is among the retailers that have participated in the Amazon-created retail holiday by offering up its own deals.) The collection, which includes roughly 40 different items with about 40% exclusive to Best Buy, began to get delivered in mid-June. A Best Buy store in Woodbridge, Virginia, US, on Tuesday, May 21, 2024.

Persons: Melissa Repko, Corie Barry, Barry, Steven Zaccone, Gram, Nathan Howard, headwinds Organizations: CNBC, Citi Research, Adobe Analytics, Apple, Samsung, Microsoft, YouTube, company's, Bloomberg, Getty Locations: Secaucus, N.J, Woodbridge , Virginia

☆ Energized Democrats quickly consolidate around Harris
▼ + stars: | 2024-07-22 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

Democratic congressional leaders had remained quiet so far — but there were signs that could soon change. Massachusetts Rep. Katherine Clark and California Rep. Pete Aguilar, the second- and third-ranking House Democrats, endorsed Harris on Monday morning. The Clintons, in a statement Sunday, endorsed Harris; Obama did not, deferring to the party’s process. In those phone calls, Harris made clear that while she was grateful for Biden’s endorsement, she planned to earn the Democratic nomination in her own right. Longtime Democratic operative Donna Brazile said that she was in the process of gathering delegates to support Harris.

Persons: Kamala Harris, Donald Trump, Harris, Lauren Hitt, —, West Virginia Sen, Joe Manchin, Andy Beshear, North Carolina’s Roy Cooper, California’s Gavin Newsom, Pennsylvania’s Josh Shapiro, South Carolina —, Ohio Sen, Sherrod Brown, Massachusetts Sen, Elizabeth Warren, Alexandria Ocasio, Katherine Clark, Pete Aguilar, Joe Biden’s, Biden, She’d, Harris —, Barack Obama, Bill Clinton, Hillary Clinton, Obama, Amos Brown III, — Harris ’, “, ”, Harris ’, Donna Brazile, ” Brazile, Muriel Bowser, Joyce Beatty, Jasmine Crockett, Manchin, ” Manchin, Eric Adams, ” Adams, jockeying, Beshear, JD Vance, JD Vance ain’t, ” Beshear, Vance, “ JD Vance, ’ ” Beshear, isn’t, ” Cooper, I’m, Ebony Davis, Aaron Pellish, MJ Lee, DJ Judd, Eva McKend Organizations: CNN, Democratic Party, Democratic, West Virginia, Congressional Black Caucus, Congressional Hispanic Caucus, Congressional Progressive Caucus, Service Employees International Union, American Federation of Teachers, Convention, South Carolina, New York Rep, Massachusetts, California Rep, Howard University, Congressional, Texas Rep, Democratic National Convention, CBS News, New York, New York City Democratic, MSNBC, Republican, North Carolina Locations: North, Tennessee, North Carolina, South, Ohio, Massachusetts, Alexandria, Cortez, California, Washington, DC, Chicago, West Virginia, New York City, Kentucky

☆ How Harris is preparing to contrast her record as a prosecutor with Trump’s as a felon
▼ + stars: | 2024-07-22 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +15 min

CNN —Kamala Harris has spent much more of her life as a prosecutor than as a senator or vice president – and that is exactly how she is now going to run against Donald Trump. The vice president had expected that to be part of her role making the case for Biden. “As a former prosecutor, Vice President Harris has a lot of experience holding convicted felons accountable,” said Massachusetts Sen. Elizabeth Warren, a former primary opponent in the 2020 Democratic race who quickly endorsed Harris after the news of Biden’s decision broke. “The prosecutor approach is really about just deconstructing an issue,” Harris told CNN in an exclusive interview after a campaign stop in Las Vegas in April. He was a for-profit college – literally,” a narrator says, as footage of first Harris and then Trump goes by.

Persons: CNN — Kamala Harris, –, Donald Trump, Joe Biden’s, Harris, Trump, Biden, ”, “ Kamala Harris, It’s, Massachusetts Sen, Elizabeth Warren, ” Warren, Timmaraju, she’s, Roe, Wade, “, ” Harris, Harris ’, “ He’s, Maya, Hillary Clinton, fumed, Tyra Banks, Tony West – who’s, —, “ She’s, Eleni Kounalakis, Josh Shapiro, Roy Cooper, Pete Buttigieg, JD Vance, Andy Beshear, Arizona Sen, Mark Kelly, Shapiro, Beshear, Cooper, Harris wouldn’t, She’s, Kamala, Devi, ” Timmaraju, Jahana Hayes, Hayes, Laphonza Butler, ” Butler, vouching, hasn’t Organizations: CNN, Naval, GOP, Advisers, Democratic, Senate, Consumer Financial Protection Bureau, Trump, ACLU, Andrews Air Force Base, Air Force, Justice Department, Democratic Party, North Carolina Gov, Transportation, Kentucky Gov, Arizona, Howard University, Democrats, Democrat Locations: New York, Massachusetts, California, Fayetteville , North Carolina, Las Vegas, America, Washington , DC, Provincetown , Massachusetts, Pennsylvania, Provincetown, American, Oakland

☆ CNBC Daily Open: Biden drops out
▼ + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com time to read: +5 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Starbucks stake Activist investor Elliott Management has taken a substantial stake in Starbucks and is engaging with management to boost the company's share price, according to the Wall Street Journal. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.

Persons: haven't, Stephanie Pope, Max, Elliott Management, Laxman Narasimhan, Howard Schultz, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, —, Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Rohan Goswami Organizations: CNBC, Dow, Boeing, Farnborough, Wall Street, Starbucks, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: London, New York, New Delhi, Washington

☆ What to know about Kamala Harris, from prosecutor to politician
▼ + stars: | 2024-07-22 | by ( Chelsea Bailey | ) edition.cnn.com time to read: +7 min

CNN —President Joe Biden’s decision to end his reelection bid and endorse Vice President Kamala Harris to replace him in the campaign has upended the presidential race and shined a renewed spotlight on Harris. Harris is the first woman to become vice president, as well as the first Black or Asian American person to hold the office. One-year-old Kamala Harris, right, with her mother Shymala Gopalan Harris. Archivio GBB/contrasto/ReduxIn 1982, Harris enrolled at Howard University, a historically Black university in the heart of Washington, DC. The couple met on a blind date and Harris later joked in her memoir that her staffers referred “to that era as A.D. – ‘After Doug.’”Emhoff is the nation’s first second gentleman.

Persons: Joe Biden’s, Kamala Harris, Harris, California’s, Kamala Devi Harris, ” Harris, Shymala Gopalan Harris, Archivio, Donald, Shyamala Gopalan Harris, “, ”, Kamala, Biden’s, Beau, –, Doug Emhoff, Doug, ’, Barbara Davidson, California Sen, Barbara Boxer, Barack Obama, Biden, Donald Trump, I’ve Organizations: CNN, Democratic, University of California, Stanford, Berkeley, Howard University, Alpha Kappa Alpha, Black, ”, Oakland’s Alameda, American, Los Angeles Times, Committee, Intelligence, White House, South, White Locations: Oakland , California, United States, Jamaica, Berkeley, India, Berkley, Washington, DC, California, University of California Hastings, America, Oakland’s Alameda County, San Francisco, Los Angeles, South Asian

So talented, qualified Democrats would have time to launch their candidacies. Bret: What’s past is past. At least if they don’t make the mistake of simply accepting a Harris nomination as a fait accompli. And given the fact that we’re only talking about weeks until the nomination, it’s hard to imagine a rebellion. None of those other talented, qualified Democrats is a standout star who’d be an obvious alternative.

Persons: Bret Stephens, Gail, I’ve, Biden, Howard Cosell, Bret, Harris, who’s, who’d

☆ On the Trail With Trump, Vance Shows He Knows His Place: Offstage, Mostly
▼ + stars: | 2024-07-21 | by ( Shawn Mccreesh | ) www.nytimes.com time to read: +1 min

It was his first campaign rally as Donald J. Trump’s running mate, and JD Vance was up onstage, all by his lonesome, playing it humble. “It’s still a little bit weird to see my name on those signs,” Mr. Vance, a senator from Ohio, told a packed arena of Trump supporters in Grand Rapids, Mich., on Saturday. When Mr. Trump is near, he is the warm-up act. In his 12-minute solo set, Mr. Vance showed he understood the arrangement. While he flicked at his rags-to-riches story, he talked most effusively about Mr. Trump and how he has the most splendid judgment of any politician ever.

Persons: Donald J, JD Vance, “ It’s, Mr, Vance, Ron Howard, Vance’s, Trump Organizations: Trump, Yale Law School Locations: Ohio, Grand Rapids, Mich

Instead, Biden’s campaign unraveled over the course of the next 24 days. It’s a high-risk, high-reward gamble for Democrats, resetting a campaign Biden was losing with a new nominee just 107 days before the election. Dunn and her husband, Bob Bauer, were among Biden’s debate prep team and had faced the ire of the president’s family in the aftermath of the debate. Several news outlets, including CNN, reported that Pelosi and former President Barack Obama had privately expressed concerns about the future of Biden’s campaign. That same day, ABC News reported that Schumer told Biden in their Saturday meeting that it would be best if he bowed out of the presidential race.

Persons: Joe Biden, –, Donald Trump, Trump, Biden, Trump –, ’, Kamala Harris, It’s, “, Mike Donilon, Steve Ricchetti, Jill Biden, Ashley, Howard, Anita Dunn, Dunn, Bob Bauer, Harris, didn’t, Austin Steele, CNN “, ” Biden, Camp David, Nancy Pelosi, Lloyd Doggett of, George Stephanopoulos, Sen, Mark Warner, Hakeem Jeffries, ”, George Clooney, Clooney, Pelosi, Barack Obama, Harris “, Volodymyr Zelensky, Putin, Jim Himes, Jason Crow, Crow —, Crow, Beau, outpacing Biden, Democratic pollster Stanley Greenberg, Adam Schiff, Trump’s, Pelosi –, Biden’s, ” Schiff, Jamie Raskin, George Washington, Pedro Martinez, Donilon, Schumer, Jeffries, Zoe Lofgren, Joe, Harris ’, Lester Holt, Ed Gordon, Jen O’Malley, Joe ”, James Clyburn, CNN’s Jake Tapper, CNN’s Kayla Tausche, Dana Bash, John King, Jamie Gangel, Betsy Klein, Sam Fossum, Manu Raju, Samantha Waldenberg, Donald Judd Organizations: Rehoboth Beach , Delaware CNN —, CNN, Democratic Party, Biden, Trump, Republican, Convention, MSNBC, Democratic, ABC News, Virginia Democrat, Democrats, New York Times, NATO, House Intelligence, Congressional Progressive Caucus, New Democrat Coalition, Colorado Democrat, Army, ”, California Rep, Democratic Senate, Maryland House Democrat, Red Sox, Democratic House, Democratic National Committee, White House, Senate Democratic, Democrat, NBC, NAACP National Convention, BET, Univision, NAACP, South Carolina Rep, South, “ Locations: Rehoboth Beach , Delaware, Covid, Delaware, Atlanta, ”, Rehoboth, North Carolina, Camp, Lloyd Doggett of Texas, Virginia, Washington, Jim Himes of Connecticut, Afghanistan, Iraq, Butler , Pennsylvania, Zoe Lofgren of California, Las Vegas, UnidosUS, “ State, South Carolina

☆ Biden endorses Harris to be the next Democratic presidential nominee
▼ + stars: | 2024-07-21 | by ( Arit John | ) edition.cnn.com time to read: +9 min

The historic endorsement came after Biden announced Sunday that he is dropping out of the race following weeks of disarray within the Democratic Party. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. Despite the president’s backing, it remains unclear whether Harris will become the nominee, or what process the Democratic Party would take to select an alternative. Dmitri Mehlhorn, a Democratic political strategist advising several big-money backers, released a statement Sunday following Biden’s withdrawal supporting Harris. After she dropped out, Harris became a prominent surrogate for Biden before being named his vice presidential pick in August 2020.

Persons: Kamala Harris, Joe Biden’s, Harris, ”, “, Biden, it’s, I’ve, Kamala, ” Biden, Jaime Harrison, Donald Trump, ” Logistically, Trump, LaTosha Brown, “ We’ve, Hillary Clinton, Andy Kim of, Angela Alsobrooks of, Sen, Tammy Baldwin of Wisconsin, Brown, Biden’s, ” Harris, Dmitri Mehlhorn, “ Kamala Harris, ” Mehlhorn, Scranton Joe, John Morgan, –, California Sen, Barbara Boxer, Jeff Sessions, Brett Kavanaugh, Martin Luther King Jr, ’, Beau, “ I’ve, Mike Pence, Kayla Tausche, Eva McKend, Jeff Zeleny Organizations: CNN, Democratic, Democratic Party, Democratic National, Biden, Republican, Black Democrats, Black, Congressional Black Caucus PAC, Cal, Scranton, University of California, Hastings College of Law, San, San Francisco ., Senate, White, Trump, Howard University Locations: American, Central America, Andy Kim of New Jersey, Angela Alsobrooks of Maryland, Oakland California, Berkeley, India, Jamaica, Oakland, California’s Bay, Alameda County, San Francisco, California

☆ Election Live Updates: Trump and Vance Set for First Joint Rally, as Biden Vows to Return to Trail
▼ + stars: | 2024-07-20 | by ( Chris Cameron | ) www.nytimes.com time to read: +4 min

“No matter the strength of their arguments.”Democratic officials also said the virtual roll call should not happen before Aug. 1. The convention’s rules committee will vote in a meeting next week on whether to conduct a virtual roll call. On Friday, at least eight more Congressional Democrats, including Senator Martin Heinrich of New Mexico, called on Mr. Biden to withdraw from the race. changed its process to nominate Mr. Biden to accommodate an Aug. 7 deadline to place him on the ballot in Ohio. chair, acknowledged the controversy over holding a virtual roll call but defended the move as transparent, necessary and long planned.

Persons: Biden, Dana Remus, Remus, ” Ms, Mr, Donald J, Trump, Martin Heinrich of, Jaime Harrison, ” Mr, Harrison, ”, Tim Walz, Leah Daughtry, —, Biden —, Terry McAuliffe, Howard Dean, Donna Brazile, Daughtry, Minyon Moore, Reid J, Epstein Organizations: Democratic, Democratic National, Biden, Democratic National Committee, Lawmakers Locations: Ohio, Martin Heinrich of New Mexico, Delaware, Minnesota

Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company's share price, the Wall Street Journal reported Friday, citing people familiar with the matter. The firm did not hold a Starbucks stake as of March 31, its most recent disclosure. In April, the company reported disappointing quarterly results, with U.S. same-store sales falling 3% and traffic dropping 7%. Starbucks reported rates of incomplete mobile app orders in the mid-teens and said occasional customers came in less often. Narasimhan was hand-picked by returnee Starbucks CEO Howard Schultz to lead the company after his prior successor, Kevin Johnson, stepped down.

Persons: Elliott, Johnson, Laxman Narasimhan, Narasimhan, Howard Schultz, Kevin Johnson, Schultz, — CNBC's Amelia Lucas Organizations: Elliott Management, Wall Street, Starbucks, Southwest, Johnson Controls, Texas Instruments, Strategic, Center, U.S Locations: SoftBank

☆ A major shift at Starbucks has changed its personality
▼ + stars: | 2024-07-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Employees who brewed and served Starbucks coffee, whom Starbucks called baristas, handwrote customers’ names on their drink orders. But Starbucks’ business has transformed, and it has struggled to maintain its identity as that third place along the way. In some stores, customers complained online that Starbucks pulled out comfortable chairs and replaced them with hard wooden stools. Mobile ordering was another major step in Starbucks’ road to becoming primarily a take-away business. Starbucks also is opening 2,000 new stores, including traditional Starbucks locations, pick-up stores, delivery-only stores and drive thru-only locations.

Persons: Howard Schultz, ” Schultz, “, Stephen Brashear, Michelle Eisen, ”, ” Eisen, Laxman Narasimhan, — it’s, Schultz, Tim Boyle, Wall, Tom Cook, Casey, “ It’s, Cook, ” ‘, Michael Casey, Alex Wong, Joe Pine, Eisen Organizations: New, New York CNN, Starbucks ., Starbucks, Employees, Getty, Starbucks Workers, LinkedIn, Mobile, Horizons, Harvard Business Locations: New York, America, Buffalo , New York, United States, North America, U.S, Newsmakers, Buffalo

☆ Words Used at the Republican National Convention
▼ + stars: | 2024-07-19 | by ( Jonathan Corum | ) www.nytimes.com time to read: +3 min

J. Scott Applewhite/Associated PressWords Used at the Republican National ConventionSpeakers at the Republican National Convention used more than 110,000 words over four boisterous days. The selection of speakers and their choice of words reflected both the pointed campaign rhetoric and the rewritten platform of the Republican Party in 2024. Excluding common and routine words, the most frequently spoken words were:Words on the EconomyJoe Raedle/Getty ImagesEconomic concerns were a recurring theme of the convention. Frequently used words when talking about the economy included:Words on ImmigrationReuters/Brian SnyderSpeakers described “millions of illegal aliens” crossing the southern border, promoting the idea of a migrant crime surge with descriptions of “murderers and rapists” and “criminals and terrorists.”Some of the words frequently used when discussing immigration:Words From Notable SpeakersCircles show the number of times that these selected speakers used the following words. The only known Republican acceptance speech with a comparable word count was William Howard Taft’s in 1908.

Persons: Scott Applewhite, Joe Raedle, Rick Scott of, Biden, Brian Snyder, ”, Ted Cruz Nikki Haley Ron DeSantis Donald Trump Jr, J.D, Vance Donald J, – –, Harris, –, Kenny Holston, Donald J, Trump, William Howard Taft’s, William Howard Taft, Michael M, Mr Organizations: Republican, Republican National Convention, Republican Party, Immigration Reuters, Trump, Biden, –, Israel –, Afghanistan –, Iran, Putin, Health, New York, American, of, Affordable, The Democratic, Convention Locations: Rick Scott of Florida, Gaza, Afghanistan, Ukraine, Russia, China, Chicago

The information for the following product(s) has been collected independently by Business Insider: Citi Strata Premier℠ Card, Citi Prestige® Card, Citi Rewards+® Card, Citi® Double Cash Card, Citi Custom Cash℠ Card, AT&T Points Plus® Card. Good Citi Airline Transfer PartnersSome Citi airline transfer partners can provide decent value, but only in certain situations. Citi Airline Transfer Partners That Aren't Great ValueThe rest of the Citi ThankYou airline transfer partners are generally not worth considering, except for extremely niche redemptions. Otherwise, with the Citi Rewards+® Card, Citi ThankYou® Preferred Card, and Citi® Double Cash Card, the ratio is 5:4 (1,000 Citi ThankYou points = 800 Wyndham points). Other Rewards ProgramsIn addition to airline and hotel transfer partners, Citi ThankYou has one retail transfer partner.

Persons: Wyndham, Hilton, Lifemiles, Avianca, Eva, it's, It's, Accor, you'll, Howard Johnson, Travelodge —, you've, nonrefundable — Organizations: Business Insider, Citi, Premier, Card, Citi Prestige, Wyndham Rewards, JetBlue, Air France, KLM, Singapore Airlines, Cathay Pacific, Citi Transfer, Citi Strata Premier, Citi Prestige ®, Partners, Turkish Airlines Miles, Turkish, Star Alliance, Miles, United Airlines, United, Blue Air France, Singapore Airlines KrisFlyer Singapore Airlines, Air, Lufthansa, Alaska Airlines, KrisFlyer, Virgin Atlantic Flying, Virgin, Delta, Flying, Ethiopian Airlines, Good Citi, Transfer Partners, Etihad Guest Etihad, Czech Airways, Etihad, Royal Air Maroc, Cathay, Cathay Pacific Asia Miles Cathay, Oneworld, American Airlines, British Airways, Qantas Frequent Flyer, Qantas, Transfer, Aeromexico, Premier Aeromexico, Emirates Skywards, Emirates, Qatar Airways Privilege, Gulf, American, Qatar Airways . Thai Airways Royal Orchid Plus Thai Airways, Raffles, Citi Premier, Prestige, Choice, Comfort, Radisson Hotels, Radisson, Wyndham, Vacasa, Sears, CitiTravel.com, EV, Aeromexico Club Premier Air France, Cathay Pacific Asia, JetBlue TrueBlue Qantas Frequent Flyer Qatar Airways Privilege Club Singapore Airlines KrisFlyer Thai Airways Royal Orchid Plus Turkish Airlines Miles, Smiles, Atlantic Flying Club Wyndham Rewards, ℠ Locations: Hawaii, Europe, Air Canada, Singapore, Delta, Prague, Seoul, New York, JFK, Casablanca, Cathay Pacific Asia, Los Angeles, Hong Kong, Cathay Pacific, Emirates, Qatar, Fairmont, Sofitel, Clarion , Cambria, Canada, Caribbean, America, Chevron

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ J.D. Vance, Breaking the Beard Barrier
▼ + stars: | 2024-07-18 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

Not to mention the first millennial on a major party ticket. One unmistakable detail that — in the style of his running mate, Donald J. Trump — not only upended modern political wisdom, but broke a longstanding political taboo. The last bearded man elected president of the United States was Benjamin Harrison, in 1888. The last vice president with a mustache was Charles Curtis, who was Herbert Hoover’s veep. And the last major party candidate to try to break that clean-shaven streak was Thomas E. Dewey, who had a dapper little caterpillar on his upper lip and ran, unsuccessfully, for the highest office in 1944 and 1948.

Persons: J.D, Vance, ”, Usha, Donald J, Trump, Benjamin Harrison, William Howard Taft, Charles Curtis, Herbert Hoover’s veep, Thomas E, Dewey, Mr, Hoover, Dewey’s ’ Organizations: Republican, National Archives Locations: Middletown , Ohio, United States

☆ ‘My Property, My Trees’: New Tree-Cutting Law Divides N.Y. Town
▼ + stars: | 2024-07-18 | by ( Hilary Howard | ) www.nytimes.com time to read: 1 min

When Robert Herbst returned to his hometown about 30 miles north of New York City in 1992, he wanted his children to be immersed in the lush greenery of his childhood. But over the decades, he noticed more trees coming down to make way for bigger houses. Mr. Herbst, a lawyer, and other like-minded residents of Mamaroneck, N.Y., view the vanishing trees as a serious threat in the era of climate change. “We should be protecting trees for our own survival,” said Jacob Levitt, a dermatologist who lives in Mamaroneck. “It’s suicidal not to do it.”But some residents say they should have the right to remove any and all trees on their properties to make way for more sunlight or a home expansion, or simply because they want them gone.

Persons: Robert Herbst, . Herbst, ”, Jacob Levitt, “ Locations: New York City, Mamaroneck

☆ Watch CNBC's full interview with Cantor Fitzgerald's Howard Lutnick
▼ + stars: | 2024-07-17 | 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 EmailWatch CNBC's full interview with Cantor Fitzgerald's Howard LutnickHoward Lutnick, Cantor Fitzgerald chairman and CEO, joins 'Money Movers' to discuss what a Republican sweep in November would mean for the economy, questions around the deficit, and much more.

Persons: Cantor Fitzgerald's Howard Lutnick Howard Lutnick, Cantor Fitzgerald Organizations: Republican

☆ The end of this tax break could be 'very disruptive' to business owners, expert says — what to know
▼ + stars: | 2024-07-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Tax breaks worth trillions of dollars are scheduled to expire after 2025 without extension from Congress — including a hefty deduction for millions of self-employed filers and business owners. The temporary deduction applies to so-called pass-through businesses, which report income at the individual level, such as sole proprietors, partnerships and S-corporations, along with some trusts and estates. Some already regret the decisionLawmakers added the temporary QBI deduction to the Tax Cuts and Jobs Act to create tax rates for pass-through businesses that are similar to tax rates for corporations. But while the QBI deduction will sunset after 2025, the legislation permanently reduced corporate taxes by dropping the top federal rate from 35% to 21%. For tax year 2021, the most recent data available, there were roughly 25.9 million QBI claims, up from 18.7 million in 2018, the first year the tax break was available, according to the IRS.

Persons: Donald Trump, Dan Ryan, Sullivan, Gen Zers, Howard Gleckman Organizations: Finance, Urban, Brookings Tax, Center Locations: Worcester

Democrats have been planning for weeks to conclude Biden’s nomination process before August 7 – well before the Chicago convention next month. But even as those entreaties are being made daily behind the scenes, plans are being made to solidify his standing with the help of party rules in the Democratic convention process. Democratic National Committee Chairman Jaime Harrison pushed back on any suggestion that attempts might be underway within the DNC to accelerate the virtual roll call. “Fourteen million people voted for me to be the nominee in the Democratic Party. “That’s the democratic process,” Biden said of the ability of delegates to change their mind, before adding confidently: “It’s not going to happen.”This story has been updated with additional reporting.

Persons: Joe Biden, Donald Trump, Biden, Jared Huffman, ”, ” Huffman, “, Jaime Harrison, ” Harrison, –, Donna Brazile, Howard Dean, Terry McAuliffe, Dean, McAuliffe, NBC’s Lester Holt, Biden –, James Clyburn, Sen, JD Vance, ” Ben Kindel, Frank LaRose, Huffman –, Democratic Party –, Huffman, he’s, ” Biden, “ It’s, CNN’s Haley Talbot, Lauren Fox Organizations: Washington CNN, House Democrats, Democratic National Committee, Biden, CNN, ” CNN, Democrats, Democrat, DNC, Lawmakers, Ohio Republicans, Trump, Democratic, Democratic National, Democratic Party, GOP, District of Columbia, Brazile, ”, South, South Carolina Democrat, Democratic House, ’, –, “ Locations: Chicago, California, Ohio, Milwaukee, District, South Carolina

☆ ‘Hillbilly Elegy:’ JD Vance’s book tops Amazon book and Netflix film charts following Trump’s VP appointment
▼ + stars: | 2024-07-16 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +2 min

Eight years after its publication, Vance’s book has found its way back onto the bestseller lists, thanks to his appointment as Donald Trump’s running mate. Less than 24 hours after Trump announced Vance was his vice-presidential pick, “Hillbilly Elegy” shot to the top of Amazon’s bestselling books. Close notably was nominated for “Hillbilly Elegy” at both the Oscars and the Razzie Awards, which is the ceremony that infamously honors the worst in cinema every year. “Hillbilly Elegy” chronicles Vance’s childhood in Appalachia, which he wrote was plagued with poverty, abuse and his mother’s addiction. At the time of “Hillbilly Elegy’s” release, the book was widely discussed as an explanation for Trump’s rise among the White working class.

Persons: Vance, Ron Howard, Donald Trump’s, ”, Glenn Close, Amy Adams, Vance’s, Adams, Gabriel Basso, Trump’s, Goodreads, Sydney Bishop Organizations: CNN, Yale, Trump, Netflix, Sydney Locations: Appalachia

☆ Shares of this controversial health-care stock poised to break out to new high, according to the charts
▼ + stars: | 2024-07-16 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Shares of Hims & Hers (HIMS) , a digital consumer-facing health-care company, look poised to break out to a new all time high, according to the charts. HIMS announced in May a controversial weight loss injection product to compete with Lilly's Ozempic and Novo Nordisk's Wegovy. HIMS is not only marketing weight loss drugs, it has over one million subscribers using a wide variety of treatments. It's no secret that the total addressable market for weight loss drugs is gigantic. he volume was massive that day at over 70 million shares traded with average daily volume at round 18 million.

Persons: Howard Marks, HIMS, Lilly's, We've, Goldman Sachs, Eli Lilly's, Todd Gordon, Gordon Organizations: Capital Management, Novo Nordisk's Wegovy, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ 3 money moves to make ahead of the Federal Reserve's first rate cut in years
▼ + stars: | 2024-07-15 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

For now, top-yielding online savings accounts and one-year CDs are paying more than 5% — well above the rate of inflation. "Money market brokerage accounts usually pay higher rates than money market or savings accounts at banks," he said in an emailed statement. "Timing your purchase to coincide with lower rates can save money over the life of the loan," Tayne said. However, lower mortgage rates could also boost home-buying demand, which would push prices higher, McBride said. "If lower mortgage rates lead to a surge in prices, that's going to offset the affordability benefit for would-be buyers."

Persons: cardholders, APRs, Tayne, Olga Rolenko, McBride, Mark Kantrowitz, Kantrowitz, Howard Hook, they've Organizations: Treasury, EKS, EKS Associates Locations: Princeton , New Jersey

☆ James B. Sikking, ‘Hill Street Blues’ and ‘Doogie Howser, M.D.’ star, dead at 90
▼ + stars: | 2024-07-15 | by ( Jack Guy | ) edition.cnn.com time to read: +1 min

CNN —Actor James B. Sikking, best known for roles in the TV shows “Hill Street Blues” and “Doogie Howser, M.D.” has died at the age of 90. Sikking (center) as Howard Hunter in "Hill Street Blues." It featured diverse, colorful and three-dimensional characters – the policemen and policewomen of the rundown Hill Street Station. Sikking played Howard Hunter, head of the SWAT-like Emergency Action Team, over 144 episodes of the show, from 1981 to 1987. He played Dr. David Howser, father of teenage genius Doogie, played by Neil Patrick Harris.

Persons: James B, “ Doogie Howser, M.D, ”, Sikking, Cynthia Snyder, Howard Hunter, Steven Bochco, Hunter, “, ” Sikking, didn’t, Bochco, David Howser, Doogie, Neil Patrick Harris Organizations: CNN, Blues, Variety, NBC

☆ Cramer: Here are 5 stocks I would buy right now — plus 3 to keep your eyes on
▼ + stars: | 2024-07-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

In the meantime, we received some terrific feedback from members after revealing in late May five stocks we would buy right here, right now. So which stocks would I buy right now? And while we expect Monday may not be a good day for tech stocks — remember it is only day three of the rotation — you have to buy AMD before the tide turns back to tech. I said that Best Buy was much more than just a brick-and-mortar company and that its integrity was high. More importantly, like AMD, Best Buy is where people will try out a new AI PC.

Persons: We've, that's, Nvidia's Blackwell, Wells Fargo, Wells, Charlie Scharf, Charlie, Doug Braunstein, Fernando Rivas, Jamie Dimon, there's, Scharf, let's, Ed Breen, Breen, Dennis Kozlowski, Kozlowski, Medtronic, Dupont, China's, Peter Arduini, Wynn, Laxman Narasimhan, Howard Schultz, Laxman, Narasimhan, Schultz, Mellody Hobson, There's, Jim Cramer's, Jim Cramer, Jim, Pual Yeung Organizations: Dow Jones, Devices, Nvidia, Broadcom, Big Tech, AMD, Intel, PC, Microsoft, HP, Wells Fargo, JPMorgan, Costco, Gold, DuPont, Tyco, Tyco Electronics, Johnson Controls, GE Healthcare, Wynn, Starbucks, GE, Philips, Siemens, Management, Caesars, Las, Sands, Biden, Covid, Palestinian, McKinsey, PepsiCo, Jim Cramer's Charitable, CNBC, Wynn Resorts, Bloomberg, Getty Locations: Wells Fargo, Wells, U.S, Canada, Dupont, China, East Germany, Macau, Israel, Jewish, Gaza, Macao

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