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WASHINGTON — President Joe Biden, addressing the nation after Donald Trump’s decisive victory over Vice President Kamala Harris, urged Americans on Thursday to “accept the choice the country made” while encouraging his supporters to “get back up.”“We accept the choice the country made,” he said in brief remarks from the White House Rose Garden. Instead, Trump expanded his base and captured several battleground states that Biden flipped in 2020: Pennsylvania, Georgia, Michigan and Wisconsin. Biden also called Trump and congratulated him on his victory. “President Biden expressed his commitment to ensuring a smooth transition and emphasized the importance of working to bring the country together,” the White House said. “He also invited President-elect Trump to meet with him in the White House.

Persons: Joe Biden, Donald Trump’s, Kamala Harris, “, ”, “ I’ve, Biden, Harris, Trump Organizations: WASHINGTON, White, Trump, Howard University Locations: America, Pennsylvania, Georgia, Michigan, Wisconsin

Maansi Srivastava for NBC NewsMaansi Srivastava for NBC NewsTrump embraced that narrative in his victory speech in Florida early Wednesday. About 80% of white evangelicals backed Trump in Tuesday’s election, the NBC News Exit Poll shows. During his first term in office, Trump and his staff welcomed Christian leaders, including Sheets, to the White House. Julia Demaree Nikhinson / APJohnson and others who shared that worldview were on hand for Trump’s victory speech at a convention center in West Palm Beach, Florida. Around 3 a.m., he recorded as those gathered to celebrate Trump’s victory began to sing a classic Christian hymn.

Persons: Donald Trump’s, Lance Wallnau, Donald Trump, Carlos Bernate, ”, Wallnau, ” Trump, “ You’re, Trump, God, Maansi Srivastava, NBC News Maansi Srivastava, Silvia Barnaby, Britney Barnaby, Matthew Taylor, Taylor, Christian Trump, ” Taylor, Dutch Sheets, NBC News Sheets, ” Sheets, Mike Johnson, Julia Demaree Nikhinson, Johnson, Sean Feucht, Feucht Organizations: America, NBC, Trump, NBC News, NBC News Trump, White, Institute, Islamic, Jewish Studies, Christian Trump loyalists, U.S . Capitol, Dutch, Christian, Wade, Republican, Facebook Locations: America, Washington, Florida, Tuesday’s, Maryland, Virginia Beach, Va, Roe, Louisiana, West Palm Beach, Fla, West Palm Beach , Florida, Christian

☆ What Trump’s historic election victory means for the global economy
▼ + stars: | 2024-11-07 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesDonald Trump's election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. The former president's litany of campaign pledges include steep tariffs, tax cuts, deregulation and a push to withdraw from key global agreements. Trump's favorite wordTrump has previously described "tariff" as his favorite word, calling it "the most beautiful word in the dictionary." And we don't see Trump's secondary tariff pledge — that baseline tariff, which would hurt European companies — as being all that feasible," Galbraith said. Analysts have warned that Trump's plan to impose universal tariffs are highly likely to raise prices for consumers and slow spending.

Persons: Donald Trump's, Kamala Harris, Trump, Lizzy Galbraith, Abrdn, Galbraith, CNBC's, Donald Trump, Ben May, Mitchell Reiss Organizations: Nurphoto, Getty, European Union, Bloomberg, Trump, Oxford Economics, Signum Global Advisors, Macquarie Group, Royal United Services Institute Locations: Binzhou, China, Florida, U.S, Mexico, Greensboro , North Carolina, Ukraine, Europe, Asia, Qingdao Port, Shandong province, Qingdao, American

☆ 8 U.S. cities where people are moving to live cheaply: They'd 'rather pack their bags than pay a higher rent,' expert says
▼ + stars: | 2024-11-07 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The Bank of America Institute found the top eight cities where people are moving for cheaper rent. "Consumers would rather pack their bags than pay a higher rent, and that can play out in two ways," Joe Wadford, an economist at the Bank of America Institute, tells CNBC Make It. Cleveland, Ohio Ken Redding | The Image Bank | Getty ImagesTop 8 U.S. cities where people are moving for cheaper rentCleveland, OhioIndianapolis, Ind. The state of Ohio had two cities land in the top 8 on the Bank of America Institute list. The city is home to major sports teams like the Cleveland Cavaliers, the Cleveland Guardians, and the Cleveland Browns.

Persons: Major metropolises, Joe Wadford, Wadford, Cleveland , Ohio Ken Redding, Bill Dickinson Organizations: of America Institute, Bank of America Institute, Bank of America, Las Vegas , Nevada Eyeem Mobile, Istock, Getty, CNBC, Bank, Cleveland, Cleveland Cavaliers, Cleveland Guardians, Cleveland Browns, Roll Hall of Fame, Cleveland Museum of Art, Columbus, Columbus Ohio Sky Locations: Las Vegas , Nevada, West, Northeast, New York, Boston, San Francisco, San Jose, Los Angeles, Cleveland , Ohio, Cleveland , Ohio Indianapolis, Ind, Las Vegas, Nev, Columbus , Ohio Jacksonville, Fla, Austin , Texas Phoenix, Ariz, Nashville, Tenn, Ohio, U.S, Columbus Ohio

☆ The one non-U.S. stock market that could win from Trump and how to play it
▼ + stars: | 2024-11-07 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Japan is one stock market outside the U.S. that could win now that Donald Trump is headed back to the White House. Trump has previously proposed tariffs of up to 20% on imports, with a stringent tax of 60% on goods coming from China. Japanese stocks rallied, however, as the yen weakened with some investors expecting the U.S. defense partner stands to gain most from Trump's policies. However, Akutsu warned, with few positive earnings surprises in the market, a year-end rally could be "limited in scope." Takada said investors may have to weigh the near-term benefits of a Trump market against the risks of a possible trade war, even with a rise in the Japanese equity risk premium.

Persons: Donald Trump, Trump, Goldman Sachs, Tony Pasquariello, What's, Pasquariello, America's Masashi Akutsu, Akutsu, Morgan's Masanari Takada, Takada, It's Organizations: Nikkei, Bank, Bank of America, Hitachi, Retailing, Trump Locations: Japan, China, U.S, Europe

☆ Trump thinks presidents have near-total power: there will be little to stop him in his second term
▼ + stars: | 2024-11-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump believes presidents have almost absolute power. In his second term, there will be few political or legal restraints to check him. It’s not guaranteed that just because Trump has massive power he will spurn constitutional checks and balances. No other president has come into office armed with a Supreme Court ruling that grants significant immunity to presidents for official acts. Attempts to prosecute Trump’s political foes on spurious grounds, meanwhile, could theoretically see mass resignations of Justice Department staff.

Persons: Donald Trump, Kamala Harris, Trump, he’ll, It’s, ”, Adam Kinzinger, Arizona Sen, John McCain, Marjorie Taylor Greene, “, scoffed, CNN’s Dana Bash, ” Trump, Jack Smith, Elie Honig, Corey Brettschneider, ” Brettschneider, Patrick Henry’s disquiet, George Washington, Brettschneider, Henry, —, Vladimir Putin, Xi Jinping, Viktor Orbán, he’s, Ketanji Brown Jackson, Don McGahn, John Kelly, Mark Esper, That’s Organizations: CNN, White, Republican Party, GOP, Republican, Trump, Capitol, Electoral College, “, Affordable, Georgia Republican, Justice Department, Trump —, Brown University, Citizens, Democratic House, Department, Constitutional Convention Locations: Washington, ”, Ohio, Ukraine, Arizona, Illinois, Georgia, New York, America, Hungarian, New Hampshire, Trump

☆ Elwood Edwards, voice of AOL’s iconic greeting ‘You’ve Got Mail,’ dies at 74
▼ + stars: | 2024-11-07 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Elwood Edwards, a behind-the-scenes graphics and camera operator at local Cleveland television station WKYC whose voice was propelled to worldwide fame after he recorded AOL’s email greeting, ‘You’ve Got Mail,’ has died, according to his former employer. More than 30 years ago, Edwards recorded four iconic lines for what was then a little-known company called America Online. His wife, Karen, worked at Quantum Computer Services, which eventually became AOL, Edwards said in an AOL YouTube video in 2012. She volunteered her husband, and Edwards recorded the phrases on a cassette deck in his living room. “I didn’t enjoy being on camera as much as I enjoyed being behind the scenes,” Edwards said on the podcast.

Persons: New York CNN — Elwood Edwards, ‘, ’, WKYC, ”, Edwards, Karen, Steve Case, ” Edwards, Corey Cambridge, …, Jimmy Fallon ” Organizations: New, New York CNN, Cleveland, AOL, America, Quantum Computer Services, AOL YouTube, America Online, CNN Locations: New York, CompUSA, Cleveland , Ohio, New Bern , North Carolina

☆ Millennials Are Raising Pets Instead of Kids. Bad News for Dogs, Cats.
▼ + stars: | 2024-11-07 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +12 min

The generation is leading the way when it comes to pet ownership — almost a third of US pet owners are millennials. Across the board, more pet owners are splurging on their animals. In its annual surveys, the American Pet Products Association has found that pet owners have reported spending more on things like treats, food, toys, and clothing each year. While some millennial dog owners are forgoing having children, others are using dogs as training for parenthood. Dog owners can't be blamed entirely for the changing behavior.

Persons: Yena Kim, Shiba Inu, Kim, Ralph Lauren, Bodhi, Luc, Hayley Kellard, King Charles spaniel, Paddy, Kellard, they'd, we'd, —, Dogue, Michael Wang, Adriene Wong, Wang, Wong's, Wong, Dash, he'd, Lili, Mark Van Wye, they're, Van Wye, Sean Prichard, Eliza O'Callaghan, She's, she's Organizations: Bodhi, American Pet Products Association, San, Poochie, corgi, Association for, Pant, Foods Locations: Brooklyn, China, San Francisco, York City, Pompano Beach , Florida, New York City

☆ Trump's advisors are laying out plans on how to end the war in Ukraine
▼ + stars: | 2024-11-07 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Donald Trump has previously said he could end the war in Ukraine in a day, but never detailed how. Trump's advisors have reportedly set out plans, including setting up a demilitarized zone. AdvertisementDonald Trump is the new US president-elect — and his advisors are laying out plans on how to end the war in Ukraine, according to The Wall Street Journal. Under that plan, Ukraine would also pledge not to join NATO for at least 20 years in exchange for continued US weapons deliveries, they said. Trump has repeatedly said he could end the war in Ukraine within 24 hours by forcing Russia and Ukraine to negotiate a peace deal — but has never detailed how he would go about it.

Persons: Donald Trump, —, JD Vance, Shawn Ryan, Vance, Trump, Vladimir Putin, Volodymyr Zelenskyy, Joe Biden's, Keith Kellogg, Fred Fleitz, Fleitz, Putin doesn't, Steven Cheung, Donald Trump's, didn't, Kurt Volker, Putin, Volker Organizations: Street Journal, Trump, Service, Wall Street, NATO, UN, Ukraine wouldn't, Kyiv, National Security, Reuters, Fox News, of America, Kyiv Independent Locations: Ukraine, Trump, Russia, Russian, Germany, Mar, Lago , Florida

Unlike Trump’s surprise win in 2016, House and Senate GOP leaders have been preparing for months for a possible GOP sweep. With Republicans winning control of the Senate, delivering on Trump’s agenda will come down to whether the GOP retains a majority in the House. Even with unified GOP control, there would be challenges ahead for Republicans. One issue is the political math: House Republicans believe if they do hold onto the majority, it won’t be by much. But it wouldn’t be easy to clear a huge package through a narrowly divided House even if Republicans control all the levers of power.

Persons: Donald Trump, ” GOP Wisconsin Sen, Ron Johnson, Mike Johnson, Trump, Johnson, Joe Biden, Johnson —, —, “, Tim Burchett, ” Johnson, Mark Meadows, Steve Bannon, Joe Biden’s, Nicole Malliotakis, ” Malliotakis, — Biden, Nancy Pelosi, “ Dems, Marjorie Taylor Greene, ” Greene, Danya Gainor Organizations: CNN, Republicans, Capitol, GOP, Trump, ” GOP Wisconsin, Senate Finance, House, Democratic, Republican, “, Trump Administration, House Republicans, Republican New York, Democrats, Biden White, nab Locations: Washington, ”, Pennsylvania, Michigan, Congress

☆ Here are Thursday's biggest analyst calls of the day: Nvidia, Tesla, Duolingo, Disney, Allstate, & more
▼ + stars: | 2024-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America downgrades Solaredge to underperform from neutral Bank of America says Solaredge is at risk of tariffs in a Trump administration. Barclays downgrades Coty to underweight from equal weight Barclays downgraded the beauty stock following earnings and says it sees "strategy creep." Baird upgrades McKesson to outperform from neutral Baird upgraded the healthcare and medical supply company following earnings. JPMorgan upgrades Clearwater to overweight from neutral JPMorgan upgraded the software company following earnings. " Seaport downgrades Duolingo to neutral from buy The firm downgraded the language App company mainly on valuation following earnings.

Persons: Solaredge, Jefferies downgrades Palantir, Jefferies, PLTR, Bernstein, Ford, Morgan Stanley, Wolfe, it's, Trump, Coty, Schneider, Schneider National's, Apple, it's bullish, Max, Baird, MCK, JPM, CWAN, Guggenheim, Sunrun, Raymond James, Tesla Organizations: Barclays, Qualcomm, Bank of America, of America, Intelligence, Allstate, Nvidia, AMD, Coty, underperform Bank of America, Citi, Apple, Deutsche Bank, Disney, HC, JPMorgan, UBS, Vulcan, Guggenheim, Technologies, USM Locations: Trump, 1Q23, China, F4Q

☆ The president's influence on the U.S. economy may be greatly exaggerated, according to experts
▼ + stars: | 2024-11-07 | by ( Juhohn Lee | ) www.cnbc.com time to read: +1 min

About 50% of Americans believe the result of the 2024 presidential election will directly affect their personal finances, according to a survey by financial services company Empower. And about 99% of voters in a Gallup survey said the economy was at least somewhat important in influencing their vote for the next president. "Voters absolutely are using the economy as a metric by which to evaluate presidents," said John Kane, a clinical associate professor of politics at New York University. But according to experts, the president's power over the economy might be exaggerated. Watch the video above to discover how much influence the U.S. president has over the economy.

Persons: John Kane, Mark Hamrick, You've Organizations: Gallup, New York University Locations: U.S

☆ How Trump's victory could change abortion rights in America
▼ + stars: | 2024-11-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Voters in seven out of 10 states approved ballot measures this week to safeguard abortion rights, a hot-button issue that helped drive Americans to the polls. Trump has waffled considerably on his position on abortion, most recently saying he would not support a federal ban and wants to leave the issue up to the states. "The more restrictions we see on abortion over the next four years, the worse health outcomes are going to be. People are suffering and dying unnecessarily," said Katie O'Connor, senior director of federal abortion policy at the National Women's Law Center. At least 70% of Americans oppose a federal ban on abortion or a ban on the procedure at six weeks.

Persons: Donald Trump, Donald Trump's, Trump, Katie O'Connor, Roe, Wade, O'Connor Organizations: Washington , D.C, National Women's Law, PBS, Associated Press, NORC, for Public Affairs Research, Guttmacher Institute Locations: Washington ,, U.S, telehealth

☆ How data-driven solutions are helping employers combat the rising costs of diabetes
▼ + stars: | 2024-11-07 | by ( Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +7 min

Employers can use health data to offer personalized support for employees with type 2 diabetes. "It's a growing epidemic," said Dr. Donna O'Shea, chief medical officer of population health, UnitedHealthcare. These stark differences emphasize the crucial role of data in helping employers support the health of their workforce. That leads to more targeted, precise and customized interventions for diabetes care, and in turn, healthier, more productive employees and lower health care costs," Kurtzweil said. Learn more about Level2's role in supporting safe and effective diabetes care.

Persons: Donna O'Shea, Craig Kurtzweil, Kurtzweil, Level2, O'Shea Organizations: Diabetes, American Diabetes Association, Health Action, UnitedHealth, Insider Studios Locations: –, UnitedHealthcare, New York, America

☆ Trump trades: Using the 2016 Trump rally stocks as a playbook for what to buy now
▼ + stars: | 2024-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Wondering what stocks might do well the rest of this year as America awaits Donald Trump take office for a second time in January? Others were high-beta growth stocks that can ride a broad market rally and benefit from corporate tax rates. Most analysts surveyed by LSEG hold buy ratings, but they expect KeyCorp shares to slide by more than 5% after their rally this year. Between Nov. 7 and the end of that year, KeyCorp shares ran up more than 25%. CarMax is a cyclical stock that should benefit from both deregulation and the rising tide for high-beta stocks.

Persons: Donald Trump, —, Ebrahim Poonawala, financials, Poonawala, Bernstein, Bob Brackett, there's, Citigroup's Andrew Kaplowitz, Kaplowitz, Wednesday's, LSEG, Keycorp, Keith Horowitz, KeyCorp, CarMax Organizations: CNBC, Trump, White, Bank of America, Energy, Dow, Targa Resources, Citigroup Locations: Cleveland

☆ 5 minutes of exercise can help lower your blood pressure, new research suggests
▼ + stars: | 2024-11-07 | by ( ) www.businessinsider.com time to read: +5 min

Taking a quick jog or bike ride instead of sitting all day may reduce blood pressure, research suggests. Gentle exercise routines like walking and tai chi can also reduce stress and lower blood pressure. Using their own model to estimate how different activities impact blood pressure, they concluded that small changes could do a long way. Adding more activity helped to lower blood pressure even more: 10 to 20 minutes of exercise daily reduced blood pressure enough to lower heart disease risk by about 10%, according to the researchers' estimates. AdvertisementTai chi has also been found to lower blood pressure as effectively as cardio.

Persons: —, Jo Blodgett, Emmanuel Stamatakis Organizations: Service, University College London, University of Sydney, American Heart Association Locations: Australia, Denmark, Finland, Netherlands

☆ CNBC Daily Open: The Trump rally kicks off
▼ + stars: | 2024-11-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineDonald Trump's victory in the U.S. presidential elections is providing a tailwind to risk assets. The Trump rally, in short, has begun. To be sure, yesterday's frenzy could have been a relief rally as much as a Trump rally. For now, however, the Trump rally is lighting up the markets.

Persons: Donald Trump, Brian Snyder, Donald Trump's, Marc Pinto, Janus Henderson, Trump's, Tesla, Elon Musk, bitcoin, Trump, Angelo Kourkafas, Edward Jones, Yung, Yu Ma, Jesse Pound, Scott Schnipper, Alex Harring, Yun Li Organizations: Santander Arena, Reuters, CNBC, U.S, Janus, Janus Henderson Investors, Trump, Bank, General Motors, Ford, EV, Dow Jones, Nasdaq, BMO Wealth Management Locations: Reading , Pennsylvania, U.S

Ukrainian soldiers told BI of their hopes, fears, and uncertainty over what Trump's victory means. Trump's election win could have a huge impact on the war in Ukraine. AdvertisementUkrainian soldiers holding back Russia's invasion woke up to an uncertain future after Donald Trump's presidential election victory on Wednesday. Olga Bigar, a Ukrainian officer, also had some optimism about Trump: "I really like his determination and steadfastness in making decisions," she told BI. AdvertisementA US veteran fighting in Ukraine, who goes by the call sign Jackie, told BI that helping Ukraine continues to be in the US' best interest.

Persons: —, Donald Trump's, Vladimir Putin, Trump, Oleh, Dan Rice, Donald Trump, Jabin, Rice, Holubenko, Putin, Kim Jong Un, Kim, JD Vance, Diego Herrera Carcedo, Vitaliy, Joe Biden's, Oleksandr Pleskov, Kamala Harris, Pleskov, Olga Bigar, Bigar, Volodymyr Zelenskyy, Bogdan Zelenyi, Jackie Organizations: Service, Wednesday, Ukraine, Trump, Ukraine's Territorial Defense Forces, US, Washington, American University Kyiv, Republicans, Congress, Anadolu Agency, Getty Images Trump, Bradley, Getty, Former US Army, Kyiv Independent, Putin Locations: Ukraine, Russia, Kyiv, West Palm Beach , Florida, Europe, Ukrainian, UN

☆ Trump said he will divide Russia from China. It's a tough bromance to break.
▼ + stars: | 2024-11-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

President-elect Donald Trump claims he can split the alliance between Russia and China. "The one thing you never want to happen is you never want Russia and China uniting," Trump said. These are potentially all things that Trump could use to drive a wedge between Russia and China." The Trump effectAnother factor likely to draw Russia and China closer together is Trump himself. In East Asia, Trump has accused allies of freeloading off the US, a source of tension Beijing will likely seek to exploit.

Persons: Donald Trump, —, Tucker Carlson, Trump, Biden, Vladimir Putin of, Xi, China's, Putin, Stefan Wolff, Carlson, Wolff, Paul Cormarie, Jonathan Ward, Vladimir Putin, they'd, Robert Dover, Zhiqun Zhu, Cormarie Organizations: Service, Trump, University of Birmingham, Pentagon, Trade, Anadolu, Getty, Central, RAND Corporation, BI, Hudson Institute, Kremlin Press, Anadolu Agency, International Security, Hull University, NATO, Bucknell University Locations: Russia, China, Ukraine, Glendale , Arizona, Vladimir Putin of Russia, Moscow, Beijing, Taiwan, Russian, Bering, European, East Asia

☆ The one solar stock to buy after Trump's win hit the sector, analysts say
▼ + stars: | 2024-11-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

First Solar is the largest manufacturer of solar panels in the U.S. and is rated overweight at Wells Fargo. But the domestic manufacturing tax credits that benefit First Solar are likely to survive because they support jobs in GOP congressional districts, according to the bank. Tailwinds from tariffs, however, would be offset by headwinds from IRA repeal if the GOP goes after the manufacturing tax credits. In the universe of publicly-traded solar stocks, however, analysts view First Solar as best positioned to weather the storm. "In our view, higher tariffs on imported solar panels would diminish competition from Chinese manufacturers, pushing demand towards First Solar's U.S.-made products."

Persons: Donald Trump's, Michael Blum, Trump Organizations: Wells, Republicans, headwinds, GOP, Bank of America Locations: tandemm, U.S, Wells Fargo, China

☆ CNBC Daily Open: The Trump rally begins
▼ + stars: | 2024-11-07 | by ( Yeo Boon Ping | ) 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. However, solar stocks tanked on fears that Trump would slash tax credits for solar energy. The Trump rally, in short, has begun. To be sure, yesterday's frenzy could have been a relief rally as much as a Trump rally. For now, however, the Trump rally is lighting up the markets.

Persons: Donald Trum, Russell, Trump's, Trump, Elon Musk, Donald Trump, Kamala Harris, Donald Trump's, Marc Pinto, Janus Henderson, Tesla, Edward Jones, Angelo Kourkafas, Yung, Yu Ma, Jesse Pound, Scott Schnipper, Alex Harring, Yun Li Organizations: Republican, Nevada GOP, CNBC, Democratic, NBC News, U.S, Janus, Janus Henderson Investors, Trump, Bank, General Motors, Ford, EV, Dow Jones, Nasdaq, BMO Wealth Management Locations: Florida, Nevada, Las Vegas , Nevada, U.S, United States

☆ Trump's tariff plan: Why he's pushing for them, and how they might end up raising prices
▼ + stars: | 2024-11-07 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

President Trump has said he plans to install a blanket tariff of 10% to 20% on all imports, with additional tariffs of 60% to 100% on goods brought in from China. In the September Presidential debate, Trump characterized the plan as a way to extract money from rival nations. Economists, however, tend to agree that such a plan would would have the effect of raising prices on everyday goods. How tariffs workSimply put, a tariff is a tax on imports, though not one paid by the exporting country. Trump has floated the idea that a tariff policy could eventually replace U.S. federal income tax altogether, a convention that the nonpartisan Peterson Institute for International Economics called "literally impossible."

Persons: Donald Trump, Trump, Howard Gleckman Organizations: Republican, Palm Beach Convention, U.S ., Urban, Brookings Tax Policy Center, CNBC, Tax Foundation, Peterson Institute for International Locations: Palm Beach, West Palm Beach , Florida, China, U.S

☆ Aging expert reveals the blueprint for a better life after 50
▼ + stars: | 2024-11-07 | by ( Terry Ward | ) edition.cnn.com time to read: +9 min

On the cusp of her 50th birthday, aging expert Debra Whitman had questions. CNN: What else contributes to healthy aging? We, as a country, need to prepare for an aging population so that everyone can live a long and healthy life. Author and aging expert Debra Whitman speaks at CareFest at UCLA on November 2, 2023. I want to live a long and healthy life through my “second 50.” So doing those things now — to build up relationships, to build up values — really matters.

Persons: Will, Debra Whitman, healthily, ”, Whitman, Debra Whitman's, “, they’re, Katie Williams, ” she’d, Katie, it’s, They’ve, Robert Waldinger, Diane Meier, Deb, Meier, can’t, Phillip Faraone, Terry Ward Organizations: CNN’s, CNN, US, Aging, Pew Research, AARP, Academies, Kiwi, —, Harvard, CareFest, UCLA Locations: Singapore, Zealand, Rotorua, New Zealand, Tampa

☆ Americans are flocking to expat websites after the election: 'They want out, fast'
▼ + stars: | 2024-11-07 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Tens of thousands of Americans are looking into moving abroad after Donald Trump's presidential reelection. In the hours following the presidential race being called for the Republican nominee, nearly 30,000 people and counting visited the website for Expatsi, a travel company that offers scouting trips to help Americans move abroad. 'The exit is real'LaVerne Collins, 65, was visiting Portugal on a scouting trip with Expatsi when she learned of the presidential election results. "As an African American woman, my concerns about government stability and safety is heightened," she tells CNBC Make It. "I recognized that depending on how this election would go, things could become even more unstable."

Persons: Donald Trump's, We're, Jen Barnett, We've, LaVerne Collins, Kamala Harris, Collins, Trump, she's Organizations: Republican, Expatsi, CNBC Locations: Portugal, Greensboro , North Carolina, Costa Rica, African American

☆ What Trump's win could mean for student loan forgiveness
▼ + stars: | 2024-11-07 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

St. Louis-based U.S. District Judge Matthew Schelp, a Trump appointee, issued the latest preliminary injunction against Biden's revised student loan forgiveness plan. Student loan forgiveness likely to dry up under TrumpU.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. Kevin Lamarque | ReutersBiden has forgiven more federal student debt than any other president. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems. "The Biden administration has been making periodic announcements about loan forgiveness," Kantrowitz said.

Persons: Donald Trump, Trump's, Trump, Mark Kantrowitz, Joe Biden's, Biden, Matthew Schelp, Biden's, Kantrowitz, Joe Biden, Kevin Lamarque, Reuters Biden, George W, Bush, Mike Pierce, Mario Tama Organizations: U.S . Department, Trump, Biden, District, Center for American, Congressional Research Service, Trump U.S, Madison Area Technical, Truax, Reuters, Education Department, Public, Senate, Protection Center, University of Southern, USC, Getty Locations: Racine , Wisconsin, Louis, U.S, Madison , Wisconsin, University of Southern California, Los Angeles , California

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