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Trump’s Pattern of Sowing Election Doubt Intensifies in 2024Former President Donald J. Trump has baselessly and publicly cast doubt about the fairness of the 2024 election about once a day, on average, since he announced his candidacy for president, according to an analysis by The New York Times. A line chart shows the number of times Donald J. Trump cast doubt on the fairness or integrity of the election during the 2016, 2020, and 2024 election cycles. Mr. Trump first raised questions about the 2016 election in August of that year, about 100 days before the election. About six weeks before Election Day in 2020, Mr. Trump refused to commit to a peaceful transfer of power. “We want to make sure that the election is honest, and I’m not sure that it can be,” Mr. Trump said.
Persons: Donald J, Trump, Trump’s, , Long, Biden, “ weaponizing, , ” Mr, General Merrick B, we’re, , TRUMP, “ You’ve, Hillary Clinton, Mr, I’m, ” —, I’ll, it’s Organizations: The New York Times, Trump, Mr, United States Capitol, White, Justice Department, Republican, Democratic, Electoral College, House, Milwaukee Journal Sentinel Locations: Florida, Georgia, Manhattan, Ukraine
Singapore Airlines ranked as the No. Singapore Airlines altered its in-flight seatbelt rules and changed at least one flight route following Tuesday's turbulence incident which led to an emergency landing in Bangkok . The interior of Singapore Airline flight SQ321 is pictured after an emergency landing at Bangkok's Suvarnabhumi International Airport, Thailand, May 21, 2024. Singapore Airlines said in a separate statement that a total of 44 passengers and two crew remain in hospital. Turbulence-related incidents are the most common type of accident suffered by commercial airlines, according to the U.S. National Transportation Safety Board.
Persons: Tuesday's, Bangkok's, CNBC's Sophie Kiderlin Organizations: Singapore Airlines, SIA, CNBC, Singapore Airline, Singapore Boeing, Srinakarin Hospital, Associated Press, AP, U.S . National Transportation Safety, NTSB, Aviation Safety Network Locations: Bangkok, Thailand, London, Singapore, Myanmar, Bengal
Treasury yields higher on positive economic data
  + stars: | 2024-05-24 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: 1 min
The 10-year Treasury yield was higher at 4.478%, while the 2-year Treasury yield increased to 4.9375%. U.S. Treasury yields rose Friday on the back of better-than-expected economic data. Services and manufacturing gauges for May both were higher than expected and showed expansion in both sectors, according to the purchasing managers' index from S&P Global released Thursday. Minutes from the April 30 to May 1 policy meeting of the Federal Open Market Committee released Wednesday pointed to uncertainty from policymakers about when it would be time to ease. — CNBC's Hakyung Kim and Jeff Cox contributed to this article.
Persons: CNBC's Hakyung Kim, Jeff Cox Organizations: Treasury, U.S, Services, Global, Federal, Market
CNBC Daily Open: Dow's worst day in 2024, Nvidia shares pop
  + stars: | 2024-05-24 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow sinks 600 pointsThe Dow Jones Industrial Average suffered its worst day of the year, dropping over 600 points on Thursday. Nvidia's blockbuster earnings and guidance failed to prop up markets, with more than 400 stocks on the S&P 500 trading lower. Nvidia popsShares of Nvidia soared as much as 11% after the AI chipmaker's earnings that beat Wall Street's estimates. Wall Street analysts are revising their price targets for Nvidia upwards after its blowout earnings and guidance.
Persons: Dow, Musk, Elon Musk, he's, Joe Biden, Tesla, Karen Tso, Brian West, Korea's Kospi Organizations: CNBC, Dow Jones, Boeing, Dow, Nasdaq, Treasury, Nvidia, Nikkei, Bank of Japan, Samsung Electronics, Samsung, CSI, Wall, Microsoft Locations: China, Asia, Pacific, Japan
CNBC Daily Open: Dow sinks 600 points, Nvidia soars
  + stars: | 2024-05-24 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow sinks 600 pointsThe Dow Jones Industrial Average suffered its worst day of the year, dropping over 600 points on Thursday. Nvidia's blockbuster earnings and guidance failed to prop up markets, with more than 400 stocks on the S&P 500 trading lower. Nvidia popsShares of Nvidia soared as much as 11% after the AI chipmaker's earnings that beat Wall Street's estimates. Wall Street analysts are revising their price targets for Nvidia upwards after its blowout earnings and guidance.
Persons: Jensen Huang, Dow, Musk, Elon Musk, he's, Joe Biden, Tesla, Karen Tso, Brian West, General Merrick Garland Organizations: SAP Center, CNBC, Dow Jones, Boeing, Dow, Nasdaq, Treasury, Nvidia, U.S . Department of Justice, Ticketmaster, Wall, Microsoft Locations: San Jose , California, China
2:52How Trump’s Trial Fueled His Presidential Campaign3:22In Interview, Zelensky Challenges West Over Hesitations to Support Ukraine2:45The Best Books of 2024 So FarNOW PLAYINGOur Reporter on the Expected Above-Average Hurricane Season2:47How We Tracked Killings on the Ground in Afghanistan1:39Trump Does Not Take the Stand, and the Defense Rests2:20Tensions Rise in Trump Trial After Cohen Completes Testimony2:10Insulin Cost Is a Key Campaign Issue for Biden3:05How Modi Demonizes India’s Muslims2:10Inside an Art Auction at Christie’s, Days After a Cyberattack1:56Trump’s Lawyer and Cohen Match Wits in Crucial Cross-Examination2:12
Persons: Cohen, Modi Demonizes Organizations: Defense, Biden, Wits Locations: Afghanistan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI will change jobs, but the growth is more important, France's digital affairs minister saysMarina Ferrari, France's secretary of state for digital affairs, discusses the potential risks and benefits of artificial intelligence on a panel with CNBC's Karen Tso at VivaTech in Paris.
Persons: Marina Ferrari, Karen Tso Locations: VivaTech, Paris
JPMorgan is testing a generative AI "copilot" within its private bank, a move that is already saving advisors a couple of hours a day. AdvertisementHow Donnelly's team drives innovation in the private bankJPMorgan's private bank caters to clients with at least $10 million in assets. The unit's $974 billion in assets are managed by just over 3,500 client advisors. When the CEO of JPM's private bank tapped an advisor with little to no technical experience to lead digital product for his division, it was intentional. He didn't "want the individuals that are deciding the advisor experience and client experience not to sit amongst the front-office users," she said.
Persons: Karen Donnelly, Donnelly, Morgan Stanley, Mary Erdoes, Dan Pinto's, JPMorgan's, She's, aren't, David Frame, , Donnelly doesn't, gunning Organizations: Service, JPMorgan, Business, Advisors, ChatGPT
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStruggle to see where a Nvidia competitor would come from, analyst saysBen Wood, chief analyst at CCS Insight, discusses yet another bumper set of results from Nvidia with CNBC's Karen Tso and Arjun Kharpal at Vivatech in Paris.
Persons: Ben Wood, Karen Tso, Arjun Kharpal Organizations: CCS Insight, Nvidia Locations: Vivatech, Paris
Then, as they prepared to collect their diplomas, their commencement speaker, Rob Hale, a billionaire philanthropist from Boston, returned to the dripping podium. “My friends and I were looking at each other like, no way,” Ali McKelvey, one of the students, said. “We were like, this has to be a joke.”It wasn’t. Mr. Hale, the co-founder and chief executive of Granite Telecommunications, ranks as one of the country’s wealthiest people and most generous benefactors. He and his wife, Karen, gave away $1 million every week in 2022, to both well-known and unheard-of causes.
Persons: Rob Hale, , ” Ali McKelvey, Hale, Karen Organizations: University of Massachusetts Dartmouth, Granite Telecommunications Locations: Boston
JPMorgan is testing a generative AI "copilot" within its private bank, a move that is already saving advisors a couple of hours a day. AdvertisementHow Donnelly's team drives innovation in the private bankJPMorgan's private bank caters to clients with at least $10 million in assets. The unit's $974 billion in assets are managed by just over 3,500 client advisors. When the CEO of JPM's private bank tapped an advisor with little to no technical experience to lead digital product for his division, it was intentional. He didn't "want the individuals that are deciding the advisor experience and client experience not to sit amongst the front-office users," she said.
Persons: Karen Donnelly, Donnelly, Morgan Stanley, Mary Erdoes, Dan Pinto's, JPMorgan's, She's, aren't, David Frame, , Donnelly doesn't, gunning Organizations: Service, JPMorgan, Business, Advisors, ChatGPT
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The future of retail is retail everywhere,' Shopify president saysShopify President Harley Finkelstein joins Karen Tso at the Viva Tech conference in Paris, sharing his outlook for the company and the wider retail sector.
Persons: Harley Finkelstein, Karen Tso Organizations: Viva Tech Locations: Paris
U.S. Treasury yields moved lower Thursday as investors continued to contemplate the timing of a future rate cut from the Federal Reserve. The 10-year Treasury yield was down 1 basis point at 4.42%, while the 2-year Treasury yield was also slightly lower at 4.867%. Yields and prices move in opposite directions and one basis point equals 0.01%.
Organizations: Treasury, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Focus is the key, Tesla could use more of it,' says former board member WestlySteve Westly, managing director of The Westly Group and former Tesla board member, discusses the EV automaker and Elon Musk with CNBC's Karen Tso and Arjun Kharpal at VivaTech in Paris.
Persons: Tesla, Steve Westly, Elon Musk, Karen Tso, Arjun Kharpal Organizations: EV, Elon Locations: VivaTech, Paris
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Tesla could use more of high-profile CEO Elon Musk's divided focus at a critical juncture for the electric vehicle industry, former board member Steve Westly said Thursday. And it appears now that Mr Musk's focus is in too many areas," Westly told CNBC at the annual VivaTech conference in Paris. Tesla could use more of it," said Westly, who is managing director of venture capital firm The Westly Group and an early Tesla investor. Just how much of a liability Musk is for Tesla, however, Westly said was "for the board to decide."
Persons: Elon Musk, Tesla, Elon Musk's, Steve Westly, Westly, Jensen Huang —, he's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, CNBC Locations: Beverly Hills , California, Paris
John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBCArtificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. "AI will power the stock market for the next decade," Chambers told CNBC's Karen Tso on the sidelines of the VivaTech conference in Paris. watch nowChambers said 38% of venture capital in the U.S. in the first quarter went into AI stocks. Chambers compared Nvidia's place in the AI market to Cisco's position in the internet market.
Persons: John Chambers, Adam Jeffery, Chambers, CNBC's Karen Tso, Maurice Lévy, Lévy Organizations: Cisco, CNBC, JC2 Ventures, Nvidia Locations: New York, Paris, U.S, Europe
(Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)LONDON — Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week. The British miner confirmed the third proposal from BHP offered about £29.34 per Anglo American share, based on undisturbed share prices as of market close on April 23. Shares of Anglo American were up 0.35% shortly after the announcement, while BHP shares fell over 3.4%. The combined companies would form a behemoth in copper mining and the world's largest player in the space, supplying 10% of global output, according to a Reuters analysis. Anglo rejected both previous offers, however, saying that they "significantly undervalue the company and its future prospects."
Persons: Stuart Chambers, Chambers, Duncan Wanblad Organizations: BHP, William WEST, WILLIAM WEST, Getty, BHP Group, London Stock Exchange, Limited, Iron Ore Limited, Rio Tinto Locations: Melbourne, Australian, AFP, American, London, Australia
LONDON — New strains of Covid-19 are spreading globally, raising concerns among health professionals about a possible summer spike in cases, four-and-a-half years since the onset of the pandemic. The FLiRT variants — whose label derives from the names of the mutations in the variants' genetic code — have been rising in the U.S. and Europe as the coronavirus continues to mutate from earlier strains. Cases of KP.1.1, another FLiRT variant, have also risen to account for 7.1% of current infections, the agency said. In Europe, too, cases have been rising, with the new variant now detected in 14 countries. The World Health Organization in its latest update earlier this month said that cases remain limited in all reporting countries.
Persons: John Organizations: omicron, John Hopkins Bloomberg School of Public Health, Centers for Disease Control, World Health Organization Locations: U.S, Europe
Klaus Schwab speaks as part of SWITCH GREEN during day 1 of the Greentech Festival at Kraftwerk Mitte aired on Sept. 16, 2020 in Berlin, Germany. The World Economic Forum confirmed Tuesday that founder Klaus Schwab is moving away from the day-to-day management of the organization after more than 50 years at the helm. The forum said that the move was part of a years' long strategy to change its management structure, shifting governance to a president and managing board. The forum did not reveal who would succeed Schwab and become the face of its elite annual meeting in Davos, Switzerland. The non-profit think tank confirmed that Schwab would transition to a role as chairman of the board of trustees.
Persons: Klaus Schwab, Brende, Schwab, WEF Organizations: Kraftwerk, Economic, CNBC Locations: Berlin, Germany, Davos, Switzerland
CNN —The defense rested its case in Donald Trump’s criminal hush money trial on Tuesday after roughly 90 minutes of testimony – and without the former president taking the stand. Here are takeaways from the final day of testimony in the Trump hush money trial:Trump doesn’t take the standOver the last several months, Trump repeatedly teased that he would take the stand in his own defense. “That was a lie,” Blanche alleged of Cohen’s testimony he spoke to Trump about moving forward with the hush money deal. Prosecutor Susan Hoffinger also tried to remind jurors that it was Trump – not Cohen – who was on trial in this case. In their first meeting, Costello said Cohen was “absolutely manic” and suicidal after the FBI raid on his properties.
Persons: Donald Trump’s, Robert Costello, Michael Cohen, Trump, Cohen, ” Trump, Todd Blanche, Costello, Sandoval, , Jean Carroll, Donald J, Stormy Daniels, Karen McDougal, Cohen –, Trump’s, Blanche, Keith Schiller, Schiller, Daniels, ” Blanche, Keith, ” Cohen, Prosecutors, Susan Hoffinger, Trump –, ” Hoffinger, , Juan Merchan, ” Merchan, Merchan, ” Costello, Emil Bove, Bob, Donald Trump, , scold Costello, Hoffinger, Rudy Giuliani, Mercahn Organizations: CNN, FBI, Publicly, Trump, New, Mr, Giuliani Locations: Wisconsin, New York, Florida
A long-shot effort by left-leaning New York state lawmakers to curtail financial support for Israeli settlements has drawn a big-name backer — but she doesn’t have a vote in Albany. Representative Alexandria Ocasio-Cortez, who rarely wades into state politics, publicly backed a bill on Monday that could strip New York nonprofits of their tax-exempt status if their funds are used to support Israel’s military and settlement activity. Her involvement underscores the extent to which the war in Gaza and Israel’s treatment of Palestinians more broadly have animated the left flank of the Democratic Party as a pivotal election approaches. “It is more important now than ever to hold the Netanyahu government accountable for endorsing and, in fact, supporting some of this settler violence that prevents a lasting peace,” Ms. Ocasio-Cortez said at a news conference. It was widely criticized by Albany lawmakers and declared a “nonstarter.” Now its sponsors say they plan to revise the bill to prohibit “aiding and abetting” the resettling of the Gaza Strip or providing “unauthorized support” for Israeli military activity that violates international law.
Persons: , Representative Alexandria Ocasio, Cortez, Netanyahu, ” Ms, Ocasio, Zohran Mamdani, Jabari Brisport, Organizations: Representative, Democratic Party, West Bank, Albany Locations: New York, Albany, York, Gaza, New York State
The race to put artificial intelligence everywhere is taking a detour through the good old laptop computer. Microsoft on Monday introduced a new kind of computer designed for artificial intelligence. The machines, Microsoft says, will run A.I. systems on chips and other gear inside the computers so they are faster, more personal and more private. The new computers, called Copilot+ PC, will allow people to use A.I.
Organizations: Microsoft, Acer, Asus, Dell, HP, Lenovo, Samsung
The Chinese-founded fast-fashion giant is reported to have turned its attention to the LSE after facing regulatory and political challenges over a potential initial public offering in New York. U.S. lawmakers have raised several concerns about Shein, including over the transparency of its supply chain. The LSE has struggled to court high-growth companies in recent years compared with markets in Asia and the U.S., and has recently lost significant players including travel group TUI and cybersecurity firm Darktrace. However, British computing startup Raspberry Pi last week said it plans to list in London. CNBC has contacted Shein for comment.
Persons: Lord Dominic Johnson, Johnson, Shein, — Jenni Reid Organizations: London Stock Exchange, Department for Business Trade, CNBC, LSE, New York . Locations: New York, New York . U.S, Asia, U.S, London
That's why it was surprising to see her willingly, without hesitation, leave her beloved phone on the kitchen counter when she attended a middle school dance recently. But she knew the school policy — phones aren't allowed. I knew the pickup time and she knew she could borrow an adult's phone or use the school phone to call me if need be. She danced every song all night and came home breathless and happy, declaring the dance "the best night ever." They can also ask to borrow an adult's phone or use the school phone.
Persons: Taylor Swift, Olivia Rodrigo, breathless, Whitney Houston Organizations: Service, Nike Blazers
Opinion: Credibility is the key at Trump trial
  + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com   time to read: +21 min
The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.
Persons: CNN —, ” Mark Twain, , Twain, ” Michael Cohen, Donald Trump, , Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, , pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, , Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, , Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, , Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham
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