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Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."

Persons: —, Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois

☆ Biden is dropping out. Here's what happens next.
▼ + stars: | 2024-07-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Biden said he would speak to the matter further later this week. His decision, made after weeks of growing pressure from members of his own party, throws Democrats into uncharted territory. Sen. Joe Manchin, an independent from West Virginia who caucuses with Democrats, called for an "open process" to select a new nominee as he called for Biden to step aside earlier on Sunday. On Sunday, immediately after Biden announced his decision to withdraw, a series of Republican politicians called on Biden to resign immediately, including Speaker Mike Johnson. "If Joe Biden is not fit to run for President, he is not fit to serve as President," Johnson said.

Persons: —, Joe Biden, Biden, Kamala Harris, I've, Harris, Donald Trump, Sen, Joe Manchin, Gretchen Whitmer, Cory Booker of, There's, Alexandria Ocasio, Cortez, Joe Biden doesn't, J.D, Vance, @JDVance1, Mike Johnson, Johnson Organizations: Service, Business, Democratic, Democratic National Committee, Michigan, Cory Booker of New, Rep, Republicans, Biden Locations: Chicago , Illinois, West Virginia, Cory Booker of New Jersey, Alexandria, Cortez of New York

☆ Kamala Harris has Biden's endorsement as Democratic nominee. Here are her next steps
▼ + stars: | 2024-07-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Kevin Mohatt | ReutersVice President Kamala Harris on Sunday received President Joe Biden's endorsement to replace him at the top of the Democratic ticket in the race against Donald Trump. "I am honored to have the President's endorsement and my intention is to earn and win this nomination," Harris said in a Sunday statement. Biden's endorsement puts Harris on a glidepath to the Democratic nomination. Secure nominationThough Harris has a significant leg-up with Biden's endorsement, she is not the Democratic nominee until the necessary number of delegates say so. The voting process will repeat itself until a candidate wins a majority and can be officially designated the Democratic nominee.

Persons: Kamala Harris, Kevin Mohatt, Joe Biden's, Donald Trump, Harris, Carol Hamilton, Josh Shapiro, Andy Beshear, Arizona Sen, Mark Kelly, Roy Cooper, J.B ., Pete Buttigieg, Gretchen Whitmer, Biden, Anna Massoglia Organizations: Air Force, Joint Base Andrews, Reuters, Sunday, Democratic, Democrats, Trump, CNBC, Pennsylvania, Kentucky Gov, North Carolina Gov, Illinois Gov, J.B . Pritzker, Transportation, Michigan Gov, Democratic National Convention, Federal Locations: Philadelphia , Pennsylvania, Joint Base Andrews , Maryland, U.S, India, Jamaica, Kentucky, Arizona, Illinois, Chicago

Here are the best mortgage lenders for first-time homebuyers and the affordable loans they offer, as chosen by Business Insider editors in 2024. If you're a Bank of America Preferred Rewards customer, you can get discountsCheck mark icon A check mark. Offers many unique types of mortgagesCheck mark icon A check mark. Low Cost Mortgages come with only $295 in closing costsCheck mark icon A check mark. Mortgage credit certificatesSome HFAs also offer mortgage credit certificates to first-time homebuyers.

Persons: It's, Chase, Grant, You'll, Carrington, Carrington doesn't, forbearance, HELOC, homebuyers, Truist, doesn't, Flagstar, they're, homeownership, Fannie Mae, Freddie Mac's, you'll, Anthony Park, Molly Grace, Julie Aragon, There's, Lauryn Williams, —, there's, PenFed, USAA, Wells, Wells Fargo, Ally Organizations: Homebuyers Bank of America Mortgage, Mortgage, Chase, Federal Credit Union Mortgage, New, U.S, Bank Mortgage, Federal Savings, Loan, Truist, Flagstar Bank, Business, Bank of America, of America, FHA, Bank, Bank of, Bank of America's, Miami . Bank of America, USDA, Guild Mortgage, Veterans, Navy, Credit, Federal, Navy Federal, Navy Federal Credit Union, Department of Defense, Student Loan, . Bank, US Bank, U.S . Bank, Carrington Mortgage, Carrington Mortgage Services, Consumer Financial Protection, DC, Private Mortgage Insurance, PMI, Down Payments, Quicken, Rocket Mortgage, Rocket, CrossCountry Mortgage, CrossCountry, Loans, Flagstar Bank Mortgage, Federal Housing Finance Agency, Federal Housing Administration, US Department of Housing, Urban, US Department of Veterans Affairs, US Department of Agriculture, Best, Chevron, CFP, Pentagon Federal Credit Union, BBB, Fairway Independent Mortgage Corporation, Veterans United, Movement Mortgage, NBKC, PNC Bank, Better Business Bureau Locations: VA, HELOC, Washington, DC, Charlotte, Dallas, Detroit, Los Angeles, Miami, Delaware, Vermont, Delaware , Vermont, Wyoming, J.D, New York, ., U.S, Massachusetts, North Dakota, Ohio, Florida, California , Colorado , Connecticut, Georgia , Illinois , Indiana , Kentucky, Maryland , Massachusetts , Missouri , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oregon , Pennsylvania, South Carolina , Tennessee, Virginia, Tennessee, Arizona , Alaska, Hawaii, Arizona , California, Florida , Indiana , Michigan , New Jersey , New York , Ohio, Wisconsin, Flagstar, Arizona , California , Connecticut , Idaho , Michigan, Nevada , Ohio, New Mexico, Chevron, Wells Fargo

☆ I've traveled to all 50 states, but there's only one I'd choose to live in every time
▼ + stars: | 2024-07-19 | by ( Emily Hart | ) www.businessinsider.com time to read: +5 min

Since then, I've traveled to all 50 states solo, and although I've found beauty in all corners of the United States, I haven't felt a desire to move anywhere else. I love visiting Great Sand Dunes National Park, which is home to the tallest sand dunes in North America, and Colorado National Monument, which has a Utah-like red-rock canyon landscape. Colorado is home to four major national parks, including Great Sand Dunes. Great Sand Dunes is home to the tallest sand dunes in North America, Black Canyon of the Gunnison has some of North America's steepest cliffs, and Mesa Verde preserves the cliff dwellings and rich history of the Ancestral Puebloan people. Colorado wine country offers a surprising array of world-class wines with incredible mountain backdrops that I love to visit.

Persons: —, I've, I'm, Emily Hart Colorado, what's, Emily Hart Organizations: Service, Colorado —, Business, Rockies, Sand, Rocky, West Elks, Viticultural Area Locations: Illinois, Louisiana, Colorado, Denver, United States, North America, Utah, Colorado Colorado, Utah , Wyoming , Idaho, New Mexico , Arizona, Montana, . Colorado, Gunnison, North, Mesa Verde, Napa, Palisade

☆ Biden won't drop out, campaign insists in a new memo
▼ + stars: | 2024-07-19 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden looks on at the 115th NAACP National Convention in Las Vegas, Nevada, U.S., July 16, 2024. "Joe Biden has made it more than clear: he's in this race and he's in it to win it. Moreover, he's the presumptive nominee, there is no plan for an alternative nominee," the memo said. "In a few short weeks, Joe Biden will be the official nominee. Biden campaign chair Jen O'Malley Dillon said on MSNBC's "Morning Joe" Friday that the president will be back on the campaign trail next week.

Persons: Joe Biden, Joe Biden's, Biden, Biden's, he's, Sen, Jon Tester, Sean Casten, Chuck Schumer, Nancy Pelosi, Donald Trump, Kanninen, Jen O'Malley Dillon, Joe Organizations: 115th NAACP National, Democratic, NBC News, Montana, Illinois, 21st House Democrat, Biden, Trump Locations: Las Vegas , Nevada, U.S, Montana, Rehoboth , Delaware

☆ 6 more Democrats call on Biden to drop out Friday morning alone
▼ + stars: | 2024-07-19 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

As the president isolates at his beach house with COVID-19, his team is under mounting pressure, with top Democrats reportedly pushing for him to drop out. This morning's defectors join 20 other House Democrats and two senators who have called on the president to step aside. In his opinion piece entitled, "It's time for Joe Biden to pass the torch," Casten said that he believes Biden will lose the general election. Many believe that Harris is best-positioned to become the Democratic nominee should Biden step aside. Illustrating the persistent divides within the Democratic party, Garcia is a part of the Congressional Hispanic Caucus, whose fundraising apparatus endorsed Biden this morning.

Persons: —, Biden, Sean Casten, Sen, Martin Heinrich of, Joe Biden, Casten, Jared Huffman, Marc Veasey of, Chuy Garcia, Mark Pocan, Donald Trump, Kamala Harris, Harris, Garcia, Heinrich, Biden's Organizations: Service, Democratic, Chicago Tribune, Martin Heinrich of New, Business, Democrats, Chuy Garcia of Illinois, Congressional Hispanic Caucus, Trump, White Locations: Illinois, Martin Heinrich of New Mexico, California, Marc Veasey of Texas, Wisconsin

☆ Top Biden ally changes his tune as 8 more Democrats ask president to drop out
▼ + stars: | 2024-07-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden arrives to deliver remarks on the assassination attempt on Republican presidential candidate former President Donald Trump, at the White House on July 14, 2024 in Washington, DC. "The stakes of this race couldn't be higher, and the only Democrat who's ever beaten Donald Trump is Joe Biden," Coons told ABC News on June 30. So far, 27 House Democrats and three Democratic senators have urged Biden to drop out. The new tally means that more than 10% of the Democratic House caucus, which has 213 members, have publicly called for Biden to step aside. "This November, we will harness the power of our community to defeat Donald Trump and his Project 2025 agenda, and reelect President Biden," CHC Bold PAC said in a statement.

Persons: Joe Biden, Donald Trump, Sen, Chris Coons, Joe Biden's, Biden, Coons, Democrat who's, Jen O'Malley Dillion, Donald Trump's, Trump, Martin Henrich of, Biden's, Jon Tester, Montana, Vermont's Peter Welch ., Sean Casten, Chuy Garcia, Zoe Logren, Jared Huffman, Marc Veasy of, Mark Pocan, Greg Landsman, Ohio, O'Malley Dillion, ", Dan Kanninen Organizations: Republican, White, Delaware Democrat, Democratic, Aspen National Security, Democrat, ABC News, NBC News, Democrats, Vermont's Peter Welch . Seven, Chuy Garcia of Illinois, Democratic House caucus, Congressional Hispanic Caucus, reelect, CHC, Biden Locations: Washington , DC, Delaware, America, Mexico, California, Marc Veasy of Texas, Wisconsin

☆ AmEx lifts 2024 profit forecast on robust spending by affluent customers
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: +1 min

Credit card giant American Express raised its full-year profit forecast on Friday, as its wealthy customers persisted in splurging on travel, dining and entertainment. The company also reported better-than-expected second-quarter profit, underscoring the benefit it has enjoyed by focusing on a premium customer base. The company sees its 2024 earnings per share between $13.30 and $13.80, versus the $12.65 to $13.15 range it had forecast earlier. In the second quarter ended June 30, profit was $3.02 billion, or $4.15 per share, 39% higher than a year ago. Shares of the New York-based company fell 2% in premarket trading.

Persons: Stephen Squeri Organizations: American, Revenue Locations: Des Plaines , Illinois, splurging, York, Squarespace

☆ Inside the ‘doom loop’ of Joe Biden’s campaign
▼ + stars: | 2024-07-19 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +13 min

“His last act will not be getting knocked down,” said one longtime Biden 2020 campaign aide of the family and the inner circle. They loved saying in 2020 that Joe Biden won because the party, and not the pundits. Some have already “quiet quit,” going through the motions until Joe Biden gets to the end that many of them now believe is inevitable. It feels like if he could go to Congress and make a rousing speech, he would,” said one Democratic operative involved with the campaign. “Here in HQ, we’re working really hard because on winning campaigns, you work really hard,” said Biden campaign spokesman Kevin Munoz.

Persons: Joe Biden, Donald Trump, It’s, Biden, “, ”, they’ve, Illinois Sen, Dick Durbin, Reagan, they’ll, who’s, Faith, –, we’re, it’s, Kevin Munoz, Mike Novogratz, Abigail Disney, Trump, Joe, Nancy Pelosi, Chuck Schumer, Hakeem Jeffries, ” Biden, Kamala Harris, I’ve, Dan Kanninen, Kanninen, ” Kanninen, that’s, Donald Trump –, California Sen, Alex Padilla Organizations: Washington CNN, CNN, Biden, Democrats, Democratic, White, White House, Republican, Galaxy Digital, Democratic National Committee, Senate Democratic, Democrat, Google, West, “, Trump, Senate, Electoral College Locations: Illinois, Wilmington, Chicago, Pennsylvania, Michigan, Wisconsin, Arizona, North Carolina, California

☆ John Deere backs away from diversity and inclusion efforts after a conservative backlash
▼ + stars: | 2024-07-18 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

NEW YORK AP —John Deere says it will no longer sponsor “social or cultural awareness” events, becoming the latest major US company to distance itself from diversity and inclusion measures after being targeted by conservative backlash. The move from the company known on Wall Street as Deere & Co. arrives just weeks after rural retailer Tractor Supply ended an array of its corporate diversity and climate efforts. Both announcements came after backlash piled up online from conservative activists opposed to diversity, equity and inclusion efforts, sponsorship of LGBTQ+ Pride events and climate advocacy. “If it’s so polarizing that people just abandon it, then we all lost.”Legal attacks against companies’ diversity, equity and inclusion efforts have also drawn more attention following the Supreme Court’s 2023 ruling to end affirmative action in college admissions. That doesn’t mean companies will stop their DEI efforts entirely, she added, but they may have to change language or find new workarounds.

Persons: John Deere, Robby Starbuck, Starbuck, John Deere’s, it’s, ”, Eric Bloem, John Boyd , Jr, John C, Deere, Bud Light, aren’t, SHRM, Johnny C, Taylor, Jr, Jen Stark, Donald Trump, Stark Organizations: Deere, Co, Tractor Supply, Conservative, Human Rights, Associated Press, Supply, Human, ”, Black Farmers Association, Deere &, Labor Department, Target, Society for Human Resource Management, LinkedIn, AP, Center for Business, Social, Heritage, Republican Locations: The Moline , Illinois, Brentwood , Tennessee, BSR, U.S

☆ An Illinois woman was killed by a deputy after she called 911, authorities say. The deputy is charged with murder
▼ + stars: | 2024-07-18 | by ( Jillian Sykes | ) edition.cnn.com time to read: +7 min

CNN —An Illinois woman was fatally shot inside her home this month by a sheriff’s deputy who responded to her 911 call, and the deputy is now charged with murder in the case, a prosecutor said this week. Sangamon County sheriff’s Deputy Sean Grayson and another deputy responded to the call around 12:50 a.m., authorities said. The sheriff’s office said the deputies, who were not injured, reported the shooting around 1:20 a.m. Crump’s office has said Massey was unarmed. When the two responding deputies encountered Massey, she “appeared to be calm, perhaps unwell, not aggressive,” the court document said. Sean Grayson has been fired from his job as a Sangamon County sheriff's deputy and faces murder and other charges in Sonya Massey's death, officials said.

Persons: Sonya Massey, Ben Crump, Sean Grayson, Grayson, Massey, … Grayson, John Milhiser, Milhiser, WICS, Crump, Sonya Massey’s, Sonya’s, ” Crump, “, Grayson “, ‘ I’m, Sonya Massey's, JB Pritzker, “ Sonya Massey, ” Pritzker, CNN’s Jamiel Lynch Organizations: CNN, Sangamon, An Illinois State Police, WICS, ”, Massey, Sangamon County sheriff's, Illinois Gov Locations: An Illinois, Springfield, Sangamon County, Massey’s

☆ Morgan Stanley says renewable energy stock is 'underappreciated' as powering AI play
▼ + stars: | 2024-07-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Bloom Energy is an up-and-coming artificial intelligence play, according to Morgan Stanley. Analyst Andrew Percoco reiterated his overweight rating on San Jose-based Bloom Energy after it announced a strategic partnership on Tuesday with Nvidia-backed GPU cloud provider CoreWeave. Under the agreement, Bloom Energy will deploy its solid oxide fuel cells to generate power for CoreWeave's data center in Illinois. The analyst's $22 price target implies shares of Bloom Energy can jump nearly 44% from its latest closing price. Bloom Energy and e-commerce giant Amazon last week entered into an agreement with Silicon Valley Power to deploy 20 megawatts of fuel cells for an Amazon data center, Percoco noted.

Persons: Morgan Stanley, Andrew Percoco, Percoco, Bloom Organizations: Bloom Energy, Nvidia, BE, CoreWeave, Intel Locations: Jose, Illinois, Bloom, Santa Clara , California

☆ Bob Newhart, comedy legend and star of 'The Bob Newhart Show' and 'Elf,' dead at 94
▼ + stars: | 2024-07-18 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +9 min

Known for his comedic timing, the "Bob Newhart Show" and "Newhart" star was one of the funniest men of the 20th century. Breaking through into comedy in the '50sYoung Bob Newhart initially didn't consider comedy a career. Over the next 11 years, he released seven more albums, including "Bob Newhart Faces Bob Newart" (1964) and "Best of Bob Newhart" (1971). Bob Newhart during the first season of "The Bob Newhart Show," performing one of his popular telephone jokes. "The Bob Newhart Show" and "Newhart"Newhart on "The Bob Newhart Show."

Persons: —, Bob Newhart, Jerry Digney, Newhart, Bernard, Will Farrell, he'd, Young Bob Newhart, Gerald Smith, George Robert Newhart, James Thurber, Max Shulman, Fred Allen, Jack Benny, couldn't, Abraham Lincoln, Conan O'Brien, Abe Lincoln Vs, Dan Sorkin, Ed Sullivan, Bob Newart, Grace L, it's, Carol Burnett, Dean Martin, Sanford, Son, Bob Hartley, Roseanne, Variety, Gerald Ford, Dick Loudon, Ginnie, Rolling Stone, Cuoco, Monty Brinton, George, Leo, Bob, Arthur Jeffries, Sheldon Cooper, Sheldon fanboyed, Jeffries, Cooper, Proton, Sheldon, Virgina, Ginny, Quinn, Timothy, Jennifer, Courtney, Kirsten Acuna Organizations: Service, CBS, Business, Disney, Television Academy Foundation, NBC, NBCU, Getty Images, Television Academy, United States Army, Madison, ABC, Warner Bros . Records, AV, Getty, Warner Bros, Party, Ferguson, Peabody, Fox, Entertainment, Academy of Television Arts & Sciences Hall of Fame, Proton, Wars Locations: Oak Park , Illinois, Chicago, Vermont

☆ These 10 U.S. states have America’s worst economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

That is why CNBC looks at state economies in ranking America's Top States for Business. We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Some states are at the top of their economic game — home to America's 10 best state economies. JB Pritzker, and all the major rating agencies have the state in their "A" categories for the first time in years.

Persons: Phil Scott, Jobs, J.B . Pritzker, Erin Hooley, JB Pritzker, Asplundh, Michael G, Janet Mills, Mills, Gina Raimondo, Joe Biden, Anna Moneymaker, Gina Raimondo —, —, Rhode Island's, Luke Sharrett, Ed Zurga, Bryan Tarnowski, Hurricane Katrina, New Hampshire Jada, Patrick T, Fallon, Hawaii's, Nature, Spencer Platt Organizations: CNBC, Business, Republican Gov, Direct Investment, Illinois, Illinois Illinois Gov, Thompson Center, Tribune, Service, Democratic Gov, Major Corporations, GE Healthcare Technologies, Mondelez, Seamans, Portland Press Herald, Getty, National Association of State, Officers, Pew, Major Corporation, IDEXX, Rhode, Semiconductors, America, White, U.S . Commerce, Major, CVS Health, Hasbro, Kentucky, Bloomberg, Bluegrass State, Federal Housing Finance Agency, Kansas Carpenters, Glenn Eagles, Louisiana Homes, Treme, Louisiana State University, Hurricane, Pool Corporation, Granite State, U.S . Chamber, Commerce, New Hampshire Department, Labor, The New Hampshire Tech Alliance, Afp, Aloha State Locations: U.S, States, Vermont, Illinois Illinois, Chicago, Lincoln, Illinois, Maine, Rhode Island WASHINGTON, DC, Washington , DC, Louisville , Kentucky, Bluegrass, Kentucky, Kansas, Kansas City , Kansas, Sunflower, Claiborne, New Orleans , Louisiana, New Orleans, New Hampshire, Granite, The, Hawaii, Maui, Lahaina , Hawaii, Mississippi, Biloxi , Mississippi

☆ Bob Newhart, legendary comedian, dead at 94
▼ + stars: | 2024-07-18 | by ( Dan Heching | Todd Leopold | ) edition.cnn.com time to read: +4 min

CNN —Bob Newhart, whose stammering, deadpan unflappability carried him to stardom as a standup comedian and later in television and movies, has died, according to a statement from his longtime publicist Jerry Digney. Bob Newhart and Will Ferrell in "Elf." 1 with the follow-up, “The Button-Down Mind Strikes Back!”“The Bob Newhart Show” debuted in 1972. After a quick fade to black, he awakens… as Hartley, his character from “The Bob Newhart Show,” in bed with Pleshette. The finale of "Newhart," which brought back the characters of Dr. Bob Hartley, Newhart's character on "The Bob Newhart Show," and his wife Emily played by Suzanne Pleshette.

Persons: Bob Newhart, Jerry Digney, Digney, Newhart, Bob Newhart ”, “ Newhart, Will Ferrell, George Robert Newhart, Frank Sinatra, Harry Belafonte, Nat “ King ” Cole, ”, Peabody, Bob Hartley, Dick Loudon, Suzanne Pleshette, Mary Frann, – Newhart, …, Hartley, Emily, ” Newhart, “, ‘, Johnny Carson, “ Young Sheldon, Kennedy, Mark Twain, Courtney, Timothy, Robert, Virginia “ Ginnie ” Newhart Organizations: CNN, crazies, Golfers, CBS, Proton, Television Hall of Fame, Smithsonian’s National Museum of Locations: Los Angeles, Turkey, Oak Park , Illinois, Chicago, Vermont, “, Newhart’s, Cleveland ”

☆ Chicago gas prices could soar after tornado narrowly misses refinery
▼ + stars: | 2024-07-17 | by ( Chris Isidore | Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Gas prices could soon soar across the Chicago metropolitan area after a tornado narrowly missed a major ExxonMobil refinery outside of Chicago Monday night, knocking out power to the facility. The refinery, know as ExxonMobil’s Joliet Refinery, is located in neighboring Channahon, Illinois. The line of storms that hit the area Monday night produced 11 tornadoes in the greater Chicago area, including the one that hit Channahon, according to the National Weather Service. It will take a few days to return the Joliet refinery to normal production, assuming no damage occurred beyond the power outage, Lipow said. The the Chicago area is already at $4.07 a gallon, according to AAA, but that average price, based on Tuesday’s prices, was down 1 cent from the previous day.

Persons: John Petrakis, Andy Lipow, ”, Tom Kloza, Beryl’s, Lipow Organizations: New, New York CNN, ExxonMobil, Channahon, CNN, Lipow Oil Associates, ExxonMobil Joliet, Chicago, National Weather Service, AAA Locations: New York, Chicago, Joliet Refinery, Channahon , Illinois, Chicagoland, Whiting Indiana, Lemont Illinois, Houston, Joliet, Gulf

☆ Trump shooting: Secret Service changes story on local SWAT team position
▼ + stars: | 2024-07-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

United States Secret Service Director Kimberly Cheatle speaks during a press conference at the Secret Service's Chicago Field Office on June 4 2024 in Chicago, Illinois, ahead of the 2024 Democratic and Republican National Conventions. A U.S. Secret Service official on Wednesday said that a local Pennsylvania police SWAT team was actually in another building than the one whose roof was used by a would-be assassin to shoot at former President Donald Trump on Saturday. The Secret Service official's new account contradicts a prior claim by Secret Service Director Kimberly Cheatle that the 20-year-old gunman, Thomas Crooks, was on top of the building containing the SWAT team near Trump's campaign rally in the town of Butler. Also Wednesday, a source familiar with the shooting probe told NBC that local police saw Crooks with a range finder, which is used to measure shooting distances, and that they had informed the Secret Service they were looking for Crooks with that device before Trump took the stage at the rally. The new disclosures come a day after news that the Secret Service before Saturday's shooting boosted security for Trump when it was told of a plot to kill him by Iran's government.

Persons: Kimberly Cheatle, Donald Trump, Thomas Crooks, Crooks, Trump Organizations: Secret, Office, Democratic, Republican, Pennsylvania, NBC, Service, Trump Locations: Chicago , Illinois, Butler

☆ Many Americans think they’re insulated from climate change. Their finances indicate otherwise
▼ + stars: | 2024-07-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Joseph Lamberti/Bloomberg via Getty ImagesMany Americans think they're insulated from the effects of global warming. But climate change is already having negative and broad impacts on household finances, according to experts. "There are a bazillion pathways" to adverse financial impact, he added. However, when it comes to financial impact, "I think you could argue the correct answer for [people] is, 'It's already hurting me,'" Krosnick said. How global warming and inflation intersectClimate change also exacerbates inflation, research shows — a dynamic dubbed "climate-flation."

Persons: Joseph Lamberti, Gernot Wagner, Jon Krosnick, Krosnick, Angela Weiss, Wagner, Mario Tama Organizations: Bloomberg, Getty Images, ICF, Columbia Business School, Finance, Stanford University, Resources, Research, Afp, Getty, Columbia Business, University of Illinois, University of Oregon, New York City, Workers, European Central Bank, Potsdam Institute, Climate Locations: Philadelphia, U.S, American, Miami, Bronx, New York, Urbana, Champaign, Canada, Baker , California, California, Phoenix

☆ These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1
▼ + stars: | 2024-07-16 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

CNBC considers the housing market as part of the Economy category in America's Top States for Business, the annual rankings of all 50 states. We consider price appreciation and seller gains, as well as affordability, inventory, and housing starts. Still, price appreciation remains healthy. That price appreciation may be bringing more construction activity, which is one reason inventory levels are rising. 1 (Top States Grade: A+) Appreciation: 6.85% Inventory (July): 4 months Affordability score: 0.44 Effective property tax rate: 0.76% Median sales price: $420,100

Persons: Indiana homebuyers, Elijah Nouvelage, Tennessee Cynthia Holzapfel, Cynthia Holzapfel, Kevin Wurm, Roger Kisby, Allison Joyce, Sellers, Sam Wolfe, Jakub Porzycki Organizations: CNBC, Business, Istock, Getty, Indiana, Hoosier State, Bloomberg, Washington Post, Volunteer State, Southern Highlands, ., State, North Carolina Workers, Arizona, South Carolina Homes, Palmetto State, Nurphoto Locations: States, Delaware, Brookside Delaware, Indiana, Midwest, USA, Georgia, Atlanta , Georgia, U.S, Peach, Summertown , Tennessee, Nevada, Las Vegas , Nevada, . New Jersey New Jersey, Barnegat, , New Jersey, Illinois, Lillington , North Carolina, Alabama, Yuma , Arizona, Summerville , South Carolina, Palmetto, Florida, Duval, Key West, United States

☆ A Fossil Mystery, Solved by a Spin
▼ + stars: | 2024-07-15 | by ( Jack Tamisiea | ) www.nytimes.com time to read: +8 min

A Fossil Mystery, Solved by a SpinEssexella fossils date back to the Carboniferous period, when northern parts of Illinois hovered just above the equator. Essexella fossils are composed of two structures — a textured, barrel-shaped region and a smooth bulb. “It looked like the bottom of an anemone,” Dr. Plotnick said. Dr. Plotnick, Dr. Hagadorn and their team redescribed Essexella as an ancient anemone last year in the journal Papers in Palaeontology. Dr. Plotnick posits that these animals once lined the floor of the Mazon Creek estuary.

Persons: Roy Plotnick, Francis Tully, Tully, ”, Essexella, Plotnick, James Hagadorn, I've, Marjorie Leggitt, Hagadorn, Edward Drinker Cope, Charles Marsh, couldn’t, De Agostini, Jean, Bernard Caron, Hallucigenia, ” Dr, Caron, Caron’s, Dr Organizations: University of Illinois, Denver Museum of Nature, Field Museum, Getty, Royal Ontario Museum Locations: University of Illinois Chicago, Illinois, Chicago, China, Burgess, Canada

☆ Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck
▼ + stars: | 2024-07-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett met with Barack Obama years before he became President. The billionaire said the rich should pay more tax, and flagged wealth inequality as a big problem. Buffett attributed a chunk of his success to luck and defended inheritance taxes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarren Buffett called for higher taxes on the rich, bemoaned wealth inequality, and credited a big part of his success to luck in a conversation with Barack Obama long before he became president.

Persons: Warren Buffett, Barack Obama, Buffett, —, Berkshire Hathaway Organizations: Service, Berkshire, Business Locations: Illinois

☆ John Fetterman reportedly gauged Biden support at a Democratic lunch, but only a few senators wanted the president to stay in the race
▼ + stars: | 2024-07-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewSince joining the upper chamber last year, Sen. John Fetterman has been one of President Joe Biden's strongest political allies. But so far, many Senate Democrats appear highly skeptical of Biden's chances in November, despite only one Democratic senator publicly calling on the President to forgo his reelection bid. Advertisement"You have legacies, too," Fetterman told the senators who were present in the room, according to the outlet. "I refuse to join the Democratic vultures on Biden's shoulder after the debate," the senator wrote on X after the June debate. During a June appearance on "Fox News Sunday," Fetterman compared his campaign situation with that of the president.

Persons: —, Sen, John Fetterman, Joe Biden's, Fetterman, Biden, they'd, Chris Coons, Tammy Duckworth of, Donald Trump's, Fetterman —, Mehmet Oz —, Biden —, he's Organizations: Service, Business, Democrats, Democratic, Politico, Biden, GOP, Fox Locations: Sens, Delaware

☆ First lady Dr. Jill Biden to lead US delegation to the Paris Olympics
▼ + stars: | 2024-07-12 | by ( Betsy Klein | ) edition.cnn.com time to read: +2 min

Washington CNN —First lady Dr. Jill Biden will lead the US delegation to the Olympic Games opening ceremony in Paris later this month, the White House announced Friday, cheering on America’s athletes on behalf of the Biden administration. Second gentleman Doug Emhoff will lead the delegation to the closing ceremony on August 11, the White House said in a statement. Biden is also expected to attend some Olympics events during her trip to Paris, a White House official said. Jill Biden remains the president’s closest adviser and fiercest protector, wielding influence in the White House and campaign. Biden previously attended the 2010 Vancouver Winter Olympic Games as then-second lady.

Persons: Jill Biden, Biden, Doug Emhoff, Sen, Tammy Duckworth of, Xavier Becerra Organizations: Washington CNN, Olympic, White, Tammy Duckworth of Illinois, Health, Human Services, Paralympic, USA, Team USA, Games Locations: Paris, Tokyo, Beijing, China

☆ Biden's high-stakes NATO speech wasn't a disaster. But it's not going to change anyone's mind.
▼ + stars: | 2024-07-12 | by ( Brent D. Griffiths | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Just before the news conference, Biden referred to Ukrainian President Volodymyr Zelenskyy, standing nearby, as Russian President Vladimir Putin before quickly correcting himself. Advertisement"Ladies and gentlemen, President Putin," Biden said before quickly realizing his mistake and adding, "He's gonna beat President Putin, President Zelenskyy." "I'm so focused on beating President Putin," he said. Following the press conference, pundits and journalists acknowledged his command of the issues. AdvertisementBiden's press conference was likely never going to assuage Democrats' concerns.

Persons: —, Joe Biden, Donald Trump, Biden, Trump, Harris, Volodymyr Zelenskyy, Vladimir Putin, Putin, Zelenskyy, Biden's, Jen O'Malley Dillon, Julie Chavez Rodriguez, Barack Obama, Jim Himes, Brad Schneider Organizations: Service, Ukraine, Business, Trump, White, The Associated Press, Foreign, NATO, House Intelligence Committee, Illinois, CNN Locations: Jim Himes of Connecticut

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