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☆ CNBC Daily Open: Wall Street looks past political uncertainty
▼ + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com time to read: +3 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. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.

Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire

☆ Opinion | The Attacks on Kamala Harris for Not Having Kids Will Backfire
▼ + stars: | 2024-07-23 | by ( Jessica Grose | ) www.nytimes.com time to read: +2 min

On Sunday, almost immediately after prominent Democrats started endorsing Vice President Kamala Harris for president, attacks from the political right started pouring in. There were five others: George Washington, James Madison, Andrew Jackson, James Polk and James Buchanan. But more to the point, if you think that the concerns of parents and families will always be “abstract” to someone who doesn’t have children, you’re telling on yourself. It’s not simply that, by all accounts, Harris has a close, loving relationship with her stepkids. It should go without saying, but: Having children doesn’t necessarily make you a better person.

Persons: Kamala Harris, Will Chamberlain, Ron DeSantis’s, Harris, shouldn’t, ”, Harris wouldn’t, George Washington, James Madison, Andrew Jackson, James Polk, James Buchanan, Warren Harding, It’s, they’ll

☆ Warren sounds alarm on T-Mobile, U.S. Cellular deal with Justice Department, FCC
▼ + stars: | 2024-07-23 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

WASHINGTON — A group of Democratic senators are sounding the alarm over T-Mobile's proposal to acquire most of US Cellular, and asking the Justice Department and the Federal Communications Commission to closely scrutinize and consider challenging the deal. The $4.4 billion deal announced in May 2024 would allow T-Mobile to use part U.S. Cellular's wireless spectrum to improve its coverage in rural areas and give it access to four million new customers. Under the agreement, U.S. Cellular would retain 70% of its wireless spectrum and towers, leasing space on other towers to T-Mobile. In Monday's letter, the lawmakers also ask the Justice Department to consider unwinding that merger, arguing that it cost customers of competing wireless carriers billions of dollars. A spokesperson for T-Mobile did not immediately respond to a request for comment on the letter from CNBC.

Persons: Sen, Elizabeth Warren, WASHINGTON, Amy Klobuchar, Chris Murphy, Conn, Bernie Sanders, Cory Booker, Richard Blumenthal, Klobuchar Organizations: Senate Armed Services, Washington , D.C, US Cellular, Justice Department, Federal Communications Commission, CNBC, Cellular, Mobile, Warren, Sprint, Department, U.S Locations: Afghanistan, South, Central Asia, Washington ,, Sens, Minn, U.S

☆ Warren Buffett's Berkshire Hathaway has a new analyst, and he is lukewarm on the conglomerate
▼ + stars: | 2024-07-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett 's Berkshire Hathaway has a new Wall Street analyst covering its stock, and he has mixed feelings about the conglomerate. The analyst thinks Berkshire is grappling with weakness in its noninsurance businesses including railroad, utilities service and retail, while its insurance operations continue to outperform. "Berkshire Hathaway's old-school conglomerate structure has faced challenges in a number of key areas of late despite being powered by an insurance business that continues to shine," Kligerman said in a note. Berkshire's insurance business has been a bright spot for the conglomerate. Correction: Of the seven analysts covering Berkshire, three have a hold rating, according to CNBC's research.

Persons: Warren Buffett, Berkshire Hathaway, Cowen's Andrew Kligerman, Berkshire, Kligerman, — CNBC's Michael Bloom Organizations: Berkshire, BNSF Locations: Omaha , Nebraska, Berkshire, U.S

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run. Warren Buffett's conglomerate sold 33.9 million shares of Bank of America shares for almost $1.5 billion in separate sales on Wednesday, Thursday, and Friday at an average selling price of $43.56, a regulatory filing showed. Still, Bank of America remains Berkshire's second largest equity position after Apple, holding 999 million shares with a market value of almost $43 billion. Berkshire could be taking some profits as Bank of America has rallied 27.4% so far this year to its highest levels since March 2022.

Persons: Warren Buffett, Berkshire Hathaway, Warren Buffett's, Buffett Organizations: Berkshire, of America, Bank of America, Apple, America's Locations: Omaha , Nebraska, Berkshire, Omaha

☆ 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

☆ 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

☆ A major student-loan company is being sued over claims it mismanaged 8 million borrowers' accounts, blocking them from lower payments and debt relief
▼ + stars: | 2024-07-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA major student-loan company just got hit with a lawsuit over claims it harmed the millions of borrowers it services. The lawsuit claims that MOHELA's mismanagement has harmed the 8 million borrowers it services and requests that a judgment be entered requiring MOHELA to provide relief to harmed borrowers for violating consumer protection law. "Individually, any one of MOHELA's failings would be sufficient to cause financial, mental, and emotional distress," the lawsuit said.

Persons: —, servicer MOHELA, MOHELA, Randi Weingarten, it's, Elizabeth Warren, Chuck Schumer, Bernie Sanders, Warren, Winston Berkman, Breen Organizations: Service, Teachers, Business, Education Department, AFT, Federal, Democratic, we're Locations: American, Sens

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ Stocks making the biggest moves premarket: CrowdStrike, Bank of America, Nvidia, Verizon and more
▼ + stars: | 2024-07-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Bank of America — The bank stock dipped more than 1% in premarket trading after a filing revealed that Warren Buffett 's Berkshire Hathaway sold 33.9 million Bank of America shares for almost $1.5 billion last week. Berkshire remains Bank of America's largest shareholder with a 10.8% stake after the sale. Berkshire may be taking some profits with the bank stock up 27.4% so far this year. Verizon — The telecommunications stock slid 3% after Verizon posted quarterly revenue that disappointed estimates. Apple — Shares gained 1% after Wells Fargo raised its price target on Apple to $275 from $225, implying more than 20% upside, ahead of the company's earnings results.

Persons: Guggenheim, Blackwell, Warren Buffett, Berkshire Hathaway, Fitch, Wells Fargo, —, Alex Harring, Yun Li Organizations: Nvidia —, Reuters, Nvidia, Bank of America, Berkshire, of America, Bank, America's, Verizon, Abercrombie, JPMorgan, Truist, Apple —, Apple, Apple Intelligence Locations: CrowdStrike, Berkshire

☆ Kamala Harris is racking up endorsements from key Democrats — and Trump is already on the attack
▼ + stars: | 2024-07-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Read previewWithin minutes of Joe Biden dropping out, the wheels were already in motion in both the Democratic and Republican parties. All of it centered on one person: Vice President Kamala Harris, Biden's endorsed heir apparent. The Trump campaign released a statement on Sunday criticizing Biden and Harris as Trump himself focused on mocking Biden. "Kamala Harris is just as much of joke as Biden is," the Trump campaign's statement said. AdvertisementBefore Biden's bombshell announcement, people familiar with the Trump campaign told The Guardian that Trump and his team wanted Biden to remain the nominee.

Persons: —, Joe Biden, Kamala Harris, Biden's, Harris, Jared Polis, Hillary Clinton, Elizabeth Warren —, Jim Clyburn, Clyburn, Biden, Harris —, Trump, Crooked, Mike Johnson, Trump's Organizations: Service, Democratic, Republican, Business, Democrats, Biden, Democratic Colorado Gov, Congressional Black Caucus, Congressional Progressive Caucus, South, Federal, CBS News, Trump, GOP, Republicans, Guardian, New York Times Locations: South Carolina, CA, California

☆ Berkshire has eliminated 10% of outstanding shares as Buffett values the enduring power of buybacks
▼ + stars: | 2024-07-21 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Buffett believes buybacks are beneficial to shareholders for one simple reason: You don't need to spend a dime to increase your percentage of shares held. "Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns," Buffett said in his 2021 annual letter. The 93-year-old legendary investor believes that it would be "value-destroying" if he overpaid for Berkshire shares. "If you're repurchasing shares above a rationally calculated intrinsic value, you are harming your shareholders, just as if you issue shares beneath that figure, you are harming your shareholders," Buffett once said in 1996. The Wall Street firm projected that Berkshire repurchased almost $2.5 billion worth of stock in the second quarter.

Persons: Berkshire Hathaway, Warren Buffett, Greggory, Buffett Organizations: Morningstar, Oracle, Berkshire, Berkshire Hathaway, UBS, Street, Berkshire repurchased Locations: Greggory Warren, Berkshire, Omaha, repurchases

☆ Answering questions you might have about Biden’s decision to suspend his reelection
▼ + stars: | 2024-07-21 | by ( Jack Forrest | Danya Gainor | ) edition.cnn.com time to read: +8 min

In practice, whoever the presidential nominee chooses as their running mate is typically accepted by the delegates. What happens to the money raised for Biden’s reelection? Biden’s reelection efforts had raised a total of $240 million at the end of June. Those funds are split across the DNC, allied committees and Biden’s campaign committee itself. While no US president has been pressured out of a reelection campaign due to concerns over his mental fitness, it is not unprecedented for an incumbent president to abandon his reelection campaign — but it is rare.

Persons: Joe Biden, Kamala Harris, —, Biden, Mike Johnson, Elise Stefanik, Montana Sen, Steve Daines, Harris, ”, Sen, Elizabeth Warren of Massachusetts, Pramila, Delaware Sen, Chris Coons, Roy Cooper, Josh Shapiro, Zachary Wolf, Ethan Cohen, Biden couldn’t, Joe Manchin, CNN’s Jake Tapper, Manchin, Biden’s, he’ll, Charlie Spies, Lyndon B, Johnson, Harry S, CNN’s David Wright, Zachary B, Wolf, Fredreka Schouten, Alex Leeds Matthews Organizations: CNN, Sunday, Democratic, House, GOP, Biden, North Carolina Gov, Pennsylvania, Union, Democratic Party, DNC, Federal, Street, Democratic National Committee Locations: Montana, Washington, Delaware, Tennessee, Chicago, West Virginia, “ State

☆ Berkshire sells around $1.48 billion Bank of America shares, filing shows
▼ + stars: | 2024-07-21 | by ( ) www.cnbc.com time to read: 1 min

The exterior of a Bank of America on July 16, 2024 in Austin, Texas. Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed. After the sale, Berkshire owned about 999 million BofA shares. It also invests in several other banks, including Wells Fargo & Co and JPMorgan Chase. The conglomerate, owned by Warren Buffett, began investing in Bank of America in 2011, purchasing $5 billion of preferred stock plus warrants to buy 700 million common shares, at a time many investors worried about the bank's capital needs.

Persons: Berkshire Hathaway, Wells, JPMorgan Chase, Warren Buffett Organizations: Bank of America, & Co, JPMorgan Locations: Austin , Texas, Berkshire, Charlotte , North Carolina

☆ 'The S&P 500 is incredibly dangerous': Why Warren Buffett's favorite valuation indicator is flashing a warning for stocks
▼ + stars: | 2024-07-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The Buffett Indicator is indicating US stocks might be overvalued. AdvertisementWarren Buffett's favorite stock market valuation indicator just hit a record high, signaling that stocks might be highly overvalued. The stock market experienced a painful year-long bear market shortly after the Buffett Indicator peaked in November 2021. But despite the Buffett Indicator's flaws, it is flashing a big warning signal for stock market investors at current levels, according to Bloomstran. Advertisement"I think it's screaming the cap-weighted stock market, the Wilshire 5000 [and] the S&P 500, is incredibly dangerous today.

Persons: Warren Buffett, Buffett, —, Warren, Riley, Paul Dietrich, Chris Bloomstran, Semper Augustus, Bloomstran Organizations: Service, Buffett

☆ 'Longlegs' isn't based on a true story, but it has a surprising connection to one famous murder
▼ + stars: | 2024-07-19 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +7 min

Part of its viral marketing also included a website about the so-called "Birthday Murders," styled like a throwback '90s webpage. AdvertisementA website about the fictional Birthday Murders created by Neon. The Birthday Murders website looks like any number of actual true-crime forums frequented by people who like to talk about and dissect unsolved murders. The 'Longlegs' director says his movie's dolls were inspired by a small detail in JonBenét Ramsey's murder caseFBI agent Lee Harker investigates the Longlegs murders. In the ending of "Longlegs," Longlegs is revealed to be a Satan-loving dollmaker who handcrafts life-sized dolls that look just like the daughters of each family he kills.

Persons: Nicolas Cage, Oz Perkins, Lee Harker, Maika Monroe, who's, Lee, Ed, Lorraine Warren, it's, Longlegs, Ruth Harker, Ruth, Ruby, Carter's, Perkins hasn't, NEON Perkins, Perkins, Gus Van Sant, Anthony Perkins, Norman Bates —, James George Frazer, JonBenét, JonBenét Ramsey, Ramsey, ciphered Organizations: Service, FBI, Business, Collider, Longlegs, Lambs Locations: Boulder , Colorado

Index funds are a type of investment vehicle aiming to match the returns of a specific market index. "Index funds generally benefit an investor by providing diversification and relatively low fees compared to actively managed funds. Decide which index funds to invest inNow it's time to decide which index funds you want to invest in. "In this scenario, the investor would research the universe of index funds available and purchase the funds they'd like to own." Index fund investing FAQsHow do I buy an index fund on my own?

Persons: Warren Buffett, Julian Schubach, Louis, Ameritrade, Charles Schwab, you've, Schwab Organizations: Independence, Nasdaq, Nasdaq Stock Market Dow, NYSE, New York Stock Exchange, U.S, Federal Reserve Bank of St, Market, Fidelity, Vanguard, Chevron Locations: Chevron

☆ Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
▼ + stars: | 2024-07-18 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | ReutersFormer President Donald Trump will headline a campaign fundraiser in Nashville on the sidelines of the Bitcoin Conference, where the top ticket is going for $844,600 per person. Trump signed on to headline the Music City Center gathering shortly before he survived an attempted assassination on July 13. A spokesman for the Trump campaign did not respond to a request for comment on his Nashville appearances. Trump also vowed at the Libertarian National Convention in Washington in May to keep Sen. Elizabeth Warren, D-Mass., and "her goons" away from bitcoin holders.

Persons: Donald Trump, Shannon Stapleton, Trump's, Trump, Sen, Elizabeth Warren Organizations: U.S, Republican, Reuters, Bitcoin Conference, CNBC, Trump, Music City Center, Nashville, solana, Internal Revenue Service, Libertarian National Convention, Mar Locations: Philadelphia , Pennsylvania, U.S, Nashville, Washington

☆ More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process
▼ + stars: | 2024-07-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewThe Biden administration's new process to help student-loan borrowers get rid of their debt in court is working. On Wednesday, the Justice Department released an update on bankruptcy for borrowers following new guidance it released in 2022. "Our clear, fair, and practical standards are helping struggling borrowers find relief that was previously out of reach," Under Secretary of Education James Kvaal said in a statement. "This data should puncture the myth that struggling borrowers cannot discharge their student loan debt through bankruptcy," he continued. AdvertisementThe Justice Department did not immediately respond to Business Insider's request for the total number of borrowers who have received discharges through this process.

Persons: —, Biden, Education James Kvaal, Sen, Elizabeth Warren, Benjamin Mizer Organizations: Service, Justice Department, Business, Education, Justice, Department of Justice, Student Defense, Democratic

☆ JD Vance’s populist persona leaves pro-worker groups skeptical
▼ + stars: | 2024-07-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —There’s a popular idea in political discourse known as the horseshoe theory. The idea is that if you map ideologies on a horseshoe-shaped spectrum, the far right and the far left are actually more closely aligned than the centrists on either side. Missouri Republican Sen. Josh Hawley is another young buck (44 is the new 24 in Congress) who’s all-in on Trump and positioning himself as an advocate for workers. “Pro-worker is raising the minimum wage, ensuring people get overtime, supporting paid sick and family leave,” Terri Gerstein, the Director of the NYU Wagner Labor Initiative, told CNN. “Playacting as working class by dressing up in jeans and acting aggrieved doesn’t do anything for real working people who are struggling.”

Persons: CNN Business ’, New York CNN —, we’ve, Ohio Republican Sen, JD Vance, —, Donald Trump’s, Vance, Reagan, Lina Khan, Biden, ” Vance, Wall, Massachusetts Democratic Sen, Elizabeth Warren, New York Times ’ Ross, Bernie Bros, ” Vance isn’t, Missouri Republican Sen, Josh Hawley, who’s, Hawley, –, Democrats –, ”, Rupert Murdoch, Ken Griffin, Trump, Liz Shuler, “ Sen, he’s, ” Terri Gerstein, NYU Wagner, “ Playacting Organizations: CNN Business, New York CNN, Ohio Republican, Yale, Silicon, Massachusetts Democratic, New York Times, GOP, Missouri Republican, Trump, Democrats, Time, ” Media, Washington Post, AFL, “, NYU, NYU Wagner Labor Initiative, CNN Locations: New York, Silicon Valley, Massachusetts, American

☆ Lower interest rates could be coming soon. Here's what's at stake if they aren't.
▼ + stars: | 2024-07-17 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

At the end of July, the Federal Open Market Committee will announce its next decision on interest rates. Some economists have recently been pointing to similar concerns with the Fed keeping interest rates high. As Sahm pointed out, it would take time for reduced interest rates to "flow through to the economy." "You want to begin a process of taking the pressure off of the economy," Sahm said. AdvertisementZandi said interest rates on credit cards and Buy Now, Pay Later rates could come down, along with a decline in auto lending rates and mortgage rates.

Persons: —, Mark Zandi, Jerome Powell, Powell, Claudia Sahm, it's, Sahm, Sen, Elizabeth Warren, Brian Rose, Rose, Zandi, Austan Goolsbee, Goolsbee Organizations: Service, Moody's, Business, Federal, CME FedWatch, Fed, Banking, Housing, Urban Affairs, Sahm Consulting, Federal Reserve, Democratic, UBS, Chicago Federal, Wall Street Journal

☆ Ethereum co-founder warns against voting only on 'pro-crypto,' a day after a16z founders support Trump
▼ + stars: | 2024-07-17 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a "pro-crypto" stance. The best example of this is, predictably, modern Russia," added Buterin, a Russia-born coder who built ethereum in his late teens. Buterin did not single out any names in his post of either political candidates, or of those opting to support them. It comes in stark contrast to the Joe Biden White House, which has been seen as hard on crypto. However, the perception that Biden is anti-crypto and Trump is pro-crypto has some Biden allies concerned enough to take their case directly to senior White House officials.

Persons: Ethereum, Vitalik Buterin, Buterin, Putin, Donald Trump, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Donald Trump's, Ben, Marc Show, Horowitz, Joe Biden, They've, They're, Andreesen Horowitz, Coinbase, coder, Tesla, Elon Musk, Peter Thiel, Tyler, Cameron Winklevoss, Trump, —, Sen, Elizabeth Warren, bitcoiners, JD Vance, Vance, Biden Organizations: Republican National Convention, U.S . Securities, Exchange Commission, Federal Deposit Insurance Corporation, Trump, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Republican, Joe Biden White, SEC, Biden, White House Locations: Milwaukee, U.S, Russia, San Francisco, Washington, Mar, Nashville , Tennessee

☆ JD Vance's history shows how he splits from Republicans on some key issues
▼ + stars: | 2024-07-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

On Monday, former President Donald Trump selected the Republican senator from Ohio to serve as his running mate. He went from a "Never Trump Republican" to Trump's pick for vice president, and he supports a range of conservative issues, from increased tariffs to opposing abortion rights. When it comes to raising taxes, Vance also hasn't ruled out that possibility. Related storiesStill, on other issues like trade, abortion, and education, Vance has stayed behind Trump's policies. He also aligns with his party on issues like gun control, rejecting Democratic efforts for stricter gun laws.

Persons: JD Vance, Donald Trump, Vance, Trump, Hitler, Democratic Sen, Sherrod Brown, Elizabeth Warren, He's, Warren, Biden, Lina Khan, Khan, hasn't Organizations: Service, Corporate America, Republican, Business, GOP, Democratic, Trump, Biden, Federal Trade Commission, Big Tech Locations: Ohio, Silicon

☆ Trump's VP pick Vance could have a market impact if they win—Beware Meta and Alphabet
▼ + stars: | 2024-07-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

At a February event, Vance raised concerns about Alphabet and Meta Platforms , saying that the technology behemoths have hurt tech innovation and pose potential risks to democracy. Trump would completely delegate the tech policy agenda to anyone given his personal interest in that space," Gallant wrote. "But we believe Sen. Vance would be a very important voice — perhaps decisive on some matters — in view of experience in the tech sector ... and of tech policy." Cryptocurrencies Many Wall Street analysts also expect Vance to maintain a favorable stance toward digital assets under a Trump White House. These stocks should fare well given Trump's favorable view toward digital assets, Boltansky said.

Persons: Donald Trump, Trump, J.D, Vance, Peter Thiel, Stifel's Brian Gardner, Sen, Vance's, it's, Research's Blair Levin, Isaac Boltansky, Boltansky, TD Cowen's Paul Gallant, Lina Khan, Pres, Gallant, Raymond James, Ed Mills, Cryptocurrencies, Elizabeth Warren, Stifel's Gardner, Wolfe Research's Tobin Marcus Organizations: Ohio, Yale Law School, Republican Party, GOP, Technology, Twitter, Federal Trade, Street, Trump White House, Trump, Banking, Visa, Mastercard, U.S, Republican Locations: Washington

☆ Why some women stay in religious groups that don’t let them become leaders
▼ + stars: | 2024-07-15 | by ( John Blake | ) edition.cnn.com time to read: +19 min

“It hurt,” says Muse, the executive pastor of Hayes Barton Baptist Church in Raleigh, North Carolina. Nikki Hardeman, of Atlanta, an advocacy director for Baptist Women in Ministry, left, Meredith Stone, executive director of Baptist Women in Ministry, center, and Christa Brown, an advocate for survivors of sexual abuse and a supporter of the Baptist Women in Ministry, protest outside the venue of a Southern Baptist Convention annual meeting on June 11, 2024, in Indianapolis. Some Southern Baptist leaders, for example, say they do not oppose women running for political office. And yet millions of women still give their time and money to church groups that won’t allow them to lead men. Meredith Stone, executive director of Baptist Women in Ministry, a group that works with the SBC and other Baptist groups.

Persons: Kristen Muse, Muse, Paul, Timothy, ”, Hayes Barton, “, –, Clint Pressley, Nikki Hardeman, Meredith Stone, Christa Brown, Doug McSchooler, Albert Mohler Jr, Kamala Harris, Shelby Tauber, ” Muse, Christ, Mary Kassian, Beth Allison Barr, Barr, Jesus, Pope Francis, lectors, Beth Moore, Terry Wyatt, Moore, Infants, ” Barr, it’s, they’re, Rick Warren, Peter Smith, that’s, she’s, Rabbi Nachman, Rosh Hashana, Sergei Supinsky, don’t, ‘, Bishop Teresa Jefferson, Jay Reeves, Deborah, Lydia, Priscilla, Dorcas, Mary Magdalene, Mary, Luke, hasn’t, John Blake Organizations: CNN, National Public Radio, Southern Baptist Convention, Hayes Barton Baptist Church, SBC, Baptist Women, Ministry, Southern Baptist, Southern Baptist Theological Seminary, Roman Catholic Church, of God, Reuters, complementarianism, Children, Baylor University, Research, Saddleback Church, Saddleback, Getty, Christian Methodist Episcopal, Moody Temple CME Church, Jefferson Locations: manila, Raleigh , North Carolina, Atlanta, Indianapolis, Indiana, Dallas , Texas, Nashville , Tennessee, Texas, Saddleback, Southern California, New Orleans, Uman, Ukraine, AFP, Raleigh, Moody, Fairfield , Alabama, Israel

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