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☆ DeSantis ends 2024 presidential campaign
▼ + stars: | 2024-01-21 | by ( Steve Contorno | Kit Maher | ) edition.cnn.com time to read: +16 min

Accordingly, I am today suspending my campaign,” DeSantis said. Jeb Bush and Sen. Marco Rubio (the latter two of whom he bested in the 2016 Republican presidential primary). Patrick Farrell/Miami Herald/Tribune News Service/Getty Images DeSantis shakes hands with Democratic gubernatorial candidate Andrew Gillum after a CNN debate in October 2018. Joe Raedle/Getty Images DeSantis speaks at the opening of the Conservative Political Action Conference in February 2021. Joe Raedle/Getty Images DeSantis helps hold a python as he kicks off the 2021 Python Challenge in Miami.

Persons: Ron DeSantis, Donald Trump’s, ” DeSantis, I’ve, Donald Trump, Anthony Fauci, Trump, Joe Biden, “, Nikki Haley, ”, DeSantis, Casey, “ DeSantis, Steve Deace, “ It’s, indicting Donald Trump, Haley, Jeb Bush, Sen, Marco Rubio, ‘, ’, Will Lanzoni, Jane, Zuma Press DeSantis, Dunedin High School DeSantis, US Navy DeSantis, John Boehner, Charles Dharapak, Bill Clark, Tom Williams, Trey Gowdy, Al Drago, Zack Wittman, Patrick Farrell, Andrew Gillum, Chris O'Meara, Jeff J Mitchell, Stephen M, Dowell, Chris Kleponis, Lynne Sladky, Steve Cannon, Fernando Medina, Deborah Birx, Doug Mills, Kimberly Guilfoyle, Saul Loeb, Madison, Tori Lynn Schneider, Vera Leip, Joe Raedle, Michael Reaves, Mamie, Mason, WFTS DeSantis, Hurricane Ian, Charlie Crist, Marco Bello, Reuters DeSantis, Sophie Park, Jordan Gale, –, Rupert Mudoch, Jeff Roe, caucused, Kim Reynolds, ’ ”, CNN’s Kaitlan Collins, Jeff Zeleny Organizations: CNN, Florida Gov, Republican, Iowa Republican, Trump, South Carolina Gov, Little League Baseball, Petersburg Times, Zuma Press, Dunedin High School, Yale University, US Navy, Navy, General's Corps, District, DeSantis, First, Bloomberg, Getty, Miami Herald, Tribune, Service, Democratic, Orlando Sentinel, White, Orlando Magic, NBA, Coronavirus, New York Times, Tallahassee Democrat, USA, Conservative Political, Conference, University of South, Reuters, Iowa State University football, House, Fox News, Twitter, GOP, Little League, Yale, Harvard, New York Post, PAC Locations: Iowa, Florida, Wally's, Hampton , New Hampshire, Jacksonville , Florida, Dunedin , Florida, Windsor, V, St, Florida's, Tampa , Florida, Orlando, Jacksonville, Sanford , Florida, Tallahassee , Florida, Tallahassee, Pompano Beach , Florida, Miami, Surfside , Florida, University of South Florida, Covid, Tampa, New Hampshire, Bedford, Bedford , New Hampshire, Ames , Iowa

☆ How Ron DeSantis learned to embrace mainstream media and turn off Fox News
▼ + stars: | 2024-01-20 | by ( Steve Contorno | ) edition.cnn.com time to read: +21 min

“I came in not really doing as much media,” DeSantis told conservative radio host Hugh Hewitt on Thursday. After keeping the mainstream press at arm’s length early in his presidential campaign, DeSantis now will seemingly talk into any camera that is rolling. But ignoring it was worse.”A spokesman for the DeSantis campaign did not respond to questions from CNN about this story. Ron DeSantis Prev NextInstead, after launching, DeSantis engaged in a lengthy tour of the conservative media ecosystem – radio, TV and influential podcasters. “But conservative media is reactionary to what the mainstream media covers.

Persons: Ron DeSantis, “, ” DeSantis, Hugh Hewitt, DeSantis, Donald Trump, DeSantis couldn’t, Alex Conant, ”, Conant, Sen, Marco Rubio’s, CNN’s Dana, Brianne Pfannenstiel, Nikki Haley, liken, Kaitlan Collins, Hampshirites, Casey DeSantis, Shane Strum, Casey, Brian Kilmeade, “ We’re, Kilmeade, Florida’s, Christina Pushaw, Pushaw, ” Pushaw, “ He’ll, Jabin, Jane, Zuma Press DeSantis, Dunedin High School DeSantis, US Navy DeSantis, John Boehner, Charles Dharapak, Bill Clark, Tom Williams, Trey Gowdy, Al Drago, Zack Wittman, Patrick Farrell, Andrew Gillum, Chris O'Meara, Jeff J Mitchell, Stephen M, Dowell, Trump, Chris Kleponis, Lynne Sladky, Steve Cannon, Fernando Medina, Deborah Birx, Doug Mills, Kimberly Guilfoyle, Saul Loeb, Madison, Tori Lynn Schneider, Vera Leip, Joe Raedle, Michael Reaves, Mamie, Mason, WFTS DeSantis, Joe Biden, Hurricane Ian, Charlie Crist, Marco Bello, Reuters DeSantis, Sophie Park, Jordan Gale, ” Conant, you’re, “ He’s, Fox, “ gaslighting, Joe ” –, they’re, Laura Ingraham, ” Ingraham, “ Trump, –, Bret Baier, Rupert Murdoch, “ DEFUTURE, TalkTV’s Piers Morgan, Salena Zito, David, “ They’re, ” CNN’s Kit Maher Organizations: CNN, Florida Gov, White, Fox, Trump, Republican, Union, Des Moines, Hawkeye, Politico, Jacksonville, “ Fox & Friends, Washington Post, Little League Baseball, Petersburg Times, Zuma Press, Dunedin High School, Yale University, US Navy, Navy, General's Corps, District, DeSantis, First, Bloomberg, Getty, Miami Herald, Tribune, Service, Democratic, Orlando Sentinel, Orlando Magic, NBA, Coronavirus, New York Times, Tallahassee Democrat, USA, Conservative Political, Conference, University of South, Reuters, Iowa State University football, GOP, ”, Praetorian Guard, Fox News, Republican Party, ” Fox, House, Tampa Bay Times, New York Post, The, Republicans Locations: Florida, Tallahassee, “ State, Iowa, Casey, Kilmeade, Orlando, Jacksonville , Florida, Dunedin , Florida, Windsor, V, St, Florida's, Tampa , Florida, Jacksonville, Sanford , Florida, Tallahassee , Florida, Pompano Beach , Florida, Miami, Surfside , Florida, University of South Florida, Covid, Tampa, New Hampshire, Bedford, Bedford , New Hampshire, Ames , Iowa, London

☆ A winter weather pattern change is about to bring a wild swing in temperatures to the US
▼ + stars: | 2024-01-19 | by ( Mary Gilbert | ) edition.cnn.com time to read: +9 min

Mark Zaleski/The Tennessean/USA Today Network Snow falls on parked cars in Concord, New Hampshire, on January 16. Monday's caucuses were the coldest ever , with high temperatures below zero across much of the state. Dan Powers/USA Today Network Firefighters rescue a man after his car was stuck in a flooded area in Charlotte, North Carolina, on January 9. Gregg Pachkowski/USA Today Network Snow covers the trees around the Holy Hill Basilica and National Shrine of Mary in Hubertus, Wisconsin, on January 9. Tariq Zehawi/NorthJersey.com/USA Today Network Flooding is seen at an intersection in Spartanburg, South Carolina, on January 9.

Persons: Nature, Nikki Haley, Deb Cram, Andrew Kelly, Mark Zaleski, Snow, Will Lanzoni, Rogelio V . Solis, Amanda Andrade, Rhoades, Reuters Isaac Hammond, Geoff Stellfox, Brandon Bell, Christian Monterrosa, Daniel Cole, Dan Busey, Crews, RJ Sangosti, Jeffrey T, Barnes, Chip Somodevilla, Barbara J, Al Drago, Gary Hershorn, Brendan McDermid, Joseph Prezioso, Jim Vondruska, Andrew Harnik, Eric Seals, Rebecca Zimmerman, Antonio Perez, Zuma Snow, Erin Hooley, Drake, Sam Wolfe, Bryan Woolston, Kelly, Jo St, Aubin, Dan Powers, Peter Zay, Floyd Bennett Field, Spencer Platt, Scott Olson, County Sheriff Tommy Ford, Jaide Garcia, CNN Linda Cox, Gregg Pachkowski, of Mary, Mike De Sisti, Joe Raedle, Michael Gordon, Michael Gordon Workers Brian Henderson, Phil Murphy, Tariq Zehawi, Alex Hicks Jr Organizations: CNN, Omni Mount Washington, USA, Reuters, Mississippi State Capitol, Reuters Isaac Hammond braves, Austin, Bergstrom International Airport, Iowa State Capitol, Getty, Denver International Airport, MediaNews, Denver Post, NFL, Buffalo Bills, Pittsburgh Steelers, AP, Columbus Dispatch, Bloomberg, Corbis, Reuters Storm, AP Vehicles, Chicago Tribune, TNS, Storm Bros, Network Firefighters, County Sheriff, National, of, Milwaukee Journal, People, Michael, Michael Gordon Workers, New, New Jersey Gov, Spartanburg Herald, Chicago, Minneapolis Locations: Bretton Woods , New Hampshire, New, New York, Philadelphia, Baltimore, Washington, Nashville , Tennessee, Concord , New Hampshire, Jackson, Wheeling , Illinois, Washington ,, Malcolm , Iowa, Austin , Texas, Des Moines, AFP, Florence , Alabama, Orchard Park , New York, Williamsburg , Iowa, Worthington , Ohio, Atlantic , Iowa, Hudson, Jersey City , New Jersey, Winthrop , Massachusetts, Ankeny , Iowa, Iowa, Northwestern, Farmington Hills , Michigan, Oak Park , Illinois, Chicago, Bamberg , South Carolina, Annapolis , Maryland, Kaukauna , Wisconsin, Charlotte , North Carolina, Anadolu, Brooklyn , New York, Iowa City , Iowa, Panama City Beach , Florida, Florida's Bay County, County, Myrtle Grove , Florida, Hubertus , Wisconsin, Bay County , Florida, Florida , Alabama, Georgia, Totowa , New Jersey, New Jersey, Spartanburg , South Carolina, Canada, Midwest, Des Moines , Iowa, Minneapolis, Indianapolis, Cleveland, New York City

☆ Red Sea crisis: Why escalating violence in the Middle East isn’t pushing up gas prices
▼ + stars: | 2024-01-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The prices of a barrel of Brent crude, the global oil benchmark, and West Texas Intermediate, the US oil benchmark, have barely moved. Now, however, analysts say economic factors — weaker demand in countries such as China and Germany, ample oil and gas supply — are superseding concerns about violence in the Middle East. Al Drago/Bloomberg/Getty ImagesGlobal oil demand growth is expected to almost halve this year, the International Energy Agency said in a report Thursday. At the same time, global oil supply is forecast to hit an all-time high, driven by record output from countries including the United States and Canada, the IEA said. Nan said relatively modest demand was also helping to prevent spikes in gas prices.

Persons: Brent, “, Homayoun, “ It’s, ”, Hope, Al Drago, That’s, Falakshahi, Xi Nan, Kpler, Wood Mackenzie, Nan Organizations: London CNN, Hamas, West Texas Intermediate, AAA, CNN, National Bureau of Statistics, Bloomberg, Getty, International Energy Agency, Organization of, Petroleum, Rystad Energy, Gas Infrastructure, LNG “ Locations: Red, Iran, Pakistan, Gaza, Ukraine, China, Germany, South Africa, Washington , DC, United States, Canada, Russia, OPEC, Europe, wean, Gas Infrastructure Europe, Africa, Qatar, United Kingdom

☆ Northwest faces freezing rain and heavy snow while Arctic blast loosens its grip on eastern US
▼ + stars: | 2024-01-17 | by ( Elizabeth Wolfe | Robert Shackelford | ) edition.cnn.com time to read: +11 min

Mark Zaleski/The Tennessean/USA Today Network Snow falls on parked cars in Concord, New Hampshire, on January 16. Gary Hershorn/Corbis News/Getty Images Snow and ice dust a worker who was removing snow from a sidewalk in Des Moines on January 13. Dan Powers/USA Today Network Firefighters rescue a man after his car was stuck in a flooded area in Charlotte, North Carolina, on January 9. Gregg Pachkowski/USA Today Network Snow covers the trees around the Holy Hill Basilica and National Shrine of Mary in Hubertus, Wisconsin, on January 9. Tariq Zehawi/NorthJersey.com/USA Today Network Flooding is seen at an intersection in Spartanburg, South Carolina, on January 9.

Persons: Nikki Haley, Deb Cram, Andrew Kelly, Mark Zaleski, Snow, Will Lanzoni, Rogelio V . Solis, Amanda Andrade, Rhoades, Reuters Isaac Hammond, Geoff Stellfox, Brandon Bell, Christian Monterrosa, Daniel Cole, Dan Busey, Crews, RJ Sangosti, Jeffrey T, Barnes, Chip Somodevilla, Barbara J, Al Drago, Gary Hershorn, Brendan McDermid, Joseph Prezioso, Jim Vondruska, Andrew Harnik, Eric Seals, Rebecca Zimmerman, Antonio Perez, Zuma Snow, Erin Hooley, Drake, Sam Wolfe, Bryan Woolston, Kelly, Jo St, Aubin, Dan Powers, Peter Zay, Floyd Bennett Field, Spencer Platt, Scott Olson, County Sheriff Tommy Ford, Jaide Garcia, CNN Linda Cox, Gregg Pachkowski, of Mary, Mike De Sisti, Joe Raedle, Michael Gordon, Michael Gordon Workers Brian Henderson, Phil Murphy, Tariq Zehawi, Alex Hicks Jr, Nouran Salahieh, Joe Sutton, Sarah Dewberry, Raja Razek, Jennifer Henderson Organizations: CNN, National Weather Service, Oregon -, . Maine, Police, Rockies, South Washington Cascades, Omni Mount Washington, USA, Reuters, Mississippi State Capitol, Reuters Isaac Hammond braves, Austin, Bergstrom International Airport, Iowa State Capitol, Getty, Denver International Airport, MediaNews, Denver Post, NFL, Buffalo Bills, Pittsburgh Steelers, AP, Columbus Dispatch, Bloomberg, Corbis, Reuters Storm, AP Vehicles, Chicago Tribune, TNS, Storm Bros, Network Firefighters, County Sheriff, National, of, Milwaukee Journal, People, Michael, Michael Gordon Workers, New, New Jersey Gov, Spartanburg Herald Locations: Pacific Northwest, Pacific, Oregon, Northwest, Portland , Oregon, Columbia, Oregon - Washington, Maine, • Buffalo , New York, Buffalo, Tennessee , Mississippi , Arkansas , Kansas, In Tennessee, Knoxville, Washington, Washington , Idaho, Montana, Portland, South, Bretton Woods , New Hampshire, New, New York, Philadelphia, Baltimore, Nashville , Tennessee, Concord , New Hampshire, Jackson, Wheeling , Illinois, Washington ,, Malcolm , Iowa, Austin , Texas, Des Moines, AFP, Florence , Alabama, Orchard Park , New York, Williamsburg , Iowa, Worthington , Ohio, Atlantic , Iowa, Hudson, Jersey City , New Jersey, Winthrop , Massachusetts, Ankeny , Iowa, Iowa, Northwestern, Farmington Hills , Michigan, Oak Park , Illinois, Chicago, Bamberg , South Carolina, Annapolis , Maryland, Kaukauna , Wisconsin, Charlotte , North Carolina, Anadolu, Brooklyn , New York, Iowa City , Iowa, Panama City Beach , Florida, Florida's Bay County, County, Myrtle Grove , Florida, Hubertus , Wisconsin, Bay County , Florida, Florida , Alabama, Georgia, Totowa , New Jersey, New Jersey, Spartanburg , South Carolina, Cincinnati, Detroit, Texas, Gulf, Buffalo , New York, Watertown , Massachusetts, Midwest

Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.

Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa

☆ George Santos Is Expelled From Congress
▼ + stars: | 2023-12-01 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

George Santos Is Expelled From CongressA majority of House members voted Friday to expel George Santos (R., N.Y.) from the House of Representatives. Santos faces federal fraud charges and is expected to go on trial in September 2024. Photo: Al Drago/Bloomberg News

Persons: George Santos, Santos, Al Drago Organizations: Representatives, Bloomberg Locations: N.Y

☆ George Santos Expelled From Congress in Historic House Vote
▼ + stars: | 2023-12-01 | by ( Katy Stech Ferek | Jimmy Vielkind | ) www.wsj.com time to read: 1 min

A majority of House members voted Friday to expel George Santos (R., N.Y.) from the House of Representatives. Photo: Al Drago/Bloomberg NewsWASHINGTON—The House voted Friday to expel embattled Rep. George Santos over allegations the New York Republican stole money from his own campaign and committed other misdeeds, in only the sixth expulsion from the chamber and the first of a member who wasn’t a convicted felon or a member of the Confederacy. Lawmakers voted 311 to 114 to remove him, above the two-thirds House supermajority required by the Constitution. While almost all Democrats and many Republicans supported the move to expel Santos, more than half of GOP lawmakers—including Speaker Mike Johnson (R., La.) and other members of party leadership—said he shouldn’t be expelled before his criminal case had been resolved as it would set a bad precedent.

Persons: George Santos, Al Drago, wasn’t, Santos, Mike Johnson, —, shouldn’t Organizations: Bloomberg News WASHINGTON, New York Republican, Confederacy, Republicans Locations: N.Y

☆ Elizabeth Warren Takes on ‘Big Sandwich’
▼ + stars: | 2023-11-28 | by ( James Freeman | ) www.wsj.com time to read: 1 min

Senator Elizabeth Warren, a Democrat from Massachusetts, during a Senate Finance Committee hearing in Washington earlier this month. Photo: Al Drago/Bloomberg NewsA Journal editorial notes that Sen. Elizabeth Warren (D., Mass.) But don’t expect the senator to stop promoting misguided market interventions, no matter how ludicrous. “Elizabeth Warren wants to break up Big Sandwich,” reads the headline on a Washington Examiner op-ed from Tom Joyce. Since consumers tend to love a big sandwich, a little explanation is in order—not that it will make Ms. Warren’s latest campaign any more appetizing.

Persons: Elizabeth Warren, Al Drago, Sen, ”, Tom Joyce, Warren’s Organizations: Bloomberg, Washington Examiner Locations: Massachusetts, Washington, Sandwich

☆ Why doesn’t the US have more passenger trains?
▼ + stars: | 2023-11-25 | by ( Samantha Delouya | ) edition.cnn.com time to read: +12 min

Today, the United States’ passenger rail system is an echo of its former self, with swathes of the network unused or surrendered to freight. In 1970, President Richard Nixon signed the Rail Passenger Service Act, which removed the requirement that private rail companies provide passenger service. Mike Segar/ReutersBut many American towns and cities have lost access to passenger trains. Can passenger trains make a comeback? A passenger rides an Amtrak train passing near the Pacific Ocean on November 9, 2021 near Oceanside, California.

Persons: you’ll, Biden, ”, Miguel Medina, JP Morgan, Jay Gould, Cornelius Vanderbilt, Christian Wolmar, “, Yonah Freemark, Bing Guan, Freemark, Dwight D, Eisenhower, Harvey Weber, Paul Hammond, Hammond, Richard Nixon, Daniel Patrick Moynihan, Mike Segar, Ulysses S, Grant, Al Drago, Joe Biden, ” Freemark, Robert Puentes, It’s, ” Puentes, Mario Tama, Brightline, Carline Jean, Tony Coscia Organizations: Los Angeles CNN, Washington , D.C, Brightline, Miami, US Department of Transportation, du, Getty, Amtrak, US, Transcontinental Railroad, Central Pacific Railroad, Union Pacific Railroad, Railroad, CNN, Bloomberg, United States Senate, Newsday, Colorado Railroad Museum, Rail, Service, Hall, Pennsylvania, Bureau of Transportation Statistics, Washington DC, Eno Center for Transportation, Private, Las, Passengers, West Palm Beach, Fort, South Florida Sun Sentinel, Tribune Locations: Europe, Asia, America, United States, Boston, Washington ,, Orlando, California, Los Angeles, San Francisco, Swedish, Paris, AFP, France, Japan, China, Promontory Point , Utah, Compton , California, American, Levittown , New York, Manhattan, New York City , New York, U.S, Indiana, Ohio, Baltimore, Baltimore , Maryland, Potomac, Delaware, Oceanside , California, South Florida, Las Vegas, West Palm, Fort Lauderdale, Florida, South

☆ Senators Call for Investigation of Health Insurers’ Role in Driving Up Drug Costs
▼ + stars: | 2023-11-22 | by ( Joseph Walker | ) www.wsj.com time to read: 1 min

Sen. Elizabeth Warren, a Democrat from Massachusetts, is one of the two lawmakers who sent the federal government a letter urging a probe into high drug prices. Photo: Al Drago/Bloomberg NewsA pair of U.S. senators called on the federal government to investigate health insurers that are paying high prices for generic drugs for serious diseases like cancer and multiple sclerosis. Sen. Elizabeth Warren (D., Mass.) and Sen. Mike Braun (R., Ind.) sent a letter on Wednesday to the U.S. Department of Health and Human Services’ Office of Inspector General requesting an investigation into the high drug prices and any role played by health insurers’ shared ownership with the pharmacies that often fill the prescriptions.

Persons: Sen, Elizabeth Warren, Al Drago, Mike Braun, ’ Organizations: Bloomberg, U.S . Department of Health, Human Services ’ Locations: Massachusetts, Ind

☆ Senators want faster FAA approval for commercial spaceflights
▼ + stars: | 2023-11-21 | by ( Kristin Fisher | ) edition.cnn.com time to read: +4 min

CNN —The top two lawmakers on the US Senate’s space and science subcommittee are pushing federal regulators to accelerate the approval of commercial space launches, arguing that the current pace could cost the United States its edge in the new space race. ‘Keeping pace with industry demand’The FAA’s Office of Commercial Space Transportation is responsible for protecting public safety while simultaneously greenlighting a growing number of commercial space launches, which have quadrupled in just four years. The FAA has already licensed 104 launches this year, compared to 26 launches in 2019. We cannot be our own worst enemy when it comes to beating China to the moon and Mars,” Schmitt told CNN. The senators are now asking Coleman to respond to several questions, including what additional resources he may need to accelerate the launch licensing process, by November 28.

Persons: Kyrsten Sinema, Eric Schmitt, Kelvin Coleman, ”, “, Coleman, Senators Kyrsten Sinema, Al Drago, Eva Marie Uzcategui, we’re, William Gerstenmaier, Sinema, Schmitt of Missouri, ” Schmitt Organizations: CNN, United, Federal Aviation, FAA, Transportation, Senators, Bloomberg, Getty, Elon, SpaceX, US Fish and Wildlife Service, Regulators, Republican, China Locations: United States, Arizona, China, Beijing

☆ George Santos Faces Expulsion Vote Right After Thanksgiving
▼ + stars: | 2023-11-18 | by ( Katy Stech Ferek | ) www.wsj.com time to read: 1 min

Rep. George Santos (R., N.Y.) arriving for a vote at the U.S. Capitol in Washington on Wednesday. Photo: Al Drago/Bloomberg NewsWASHINGTON—The Republican head of the House Ethics Committee filed a resolution to expel Rep. George Santos (R., N.Y.) on Friday, putting a possible vote within weeks a day after the panel released a scathing report finding the lawmaker stole money from his campaign. The move by Chairman Michael Guest (R., Miss.) sets up expulsion as one of the first issues House lawmakers could address after returning from Thanksgiving break on Nov. 28. Lawmakers have called for him to resign but a critical mass now appeared ready to eject him if he didn’t leave on his own accord.

Persons: George Santos, Al Drago, Michael Guest Organizations: U.S, Capitol, Bloomberg News WASHINGTON, Republican, Lawmakers Locations: N.Y, Washington

☆ Embattled FDIC Chief Takes Responsibility for Toxic Workplace Culture
▼ + stars: | 2023-11-18 | by ( Rebecca Ballhaus | ) www.wsj.com time to read: 1 min

Federal Deposit Insurance Corp. Chairman Martin Gruenberg on Wednesday at a House hearing. Photo: Al Drago/Bloomberg NewsFederal Deposit Insurance Corp. Chairman Martin Gruenberg took responsibility and apologized for the agency’s workplace culture in a video to staff Friday, while indicating he doesn’t plan to bow to pressure from Republican senators to resign. “As chairman, I am ultimately responsible for the actions of our agency, both good and bad,” Gruenberg said in his second video message to staff this week. “I bear responsibility for setting the tone for our culture.”

Persons: Martin Gruenberg, Al Drago, ” Gruenberg, ” Organizations: Deposit Insurance Corp, Bloomberg

☆ ‘Take Science Fiction Seriously’: World Leaders Sound Alarm on AI
▼ + stars: | 2023-11-01 | by ( Sam Schechner | ) www.wsj.com time to read: 1 min

President Biden on Monday signed a new executive order invoking the Defense Production Act in an effort to rein in the risks of artificial intelligence. Photo: Al Drago/BloombergBLETCHLEY, U.K.—Here in the English countryside, at an estate where World War II codebreakers cracked the Nazis’ Enigma encryption machine, world leaders pledged to work together to lessen risks of a technology they said also poses a grave threat. Artificial intelligence, they said, could in its most advanced forms create catastrophic risks in realms including cybersecurity and biotechnology—or even escape human control.

Persons: Biden, Al Drago Organizations: Monday, Bloomberg Locations: Bloomberg BLETCHLEY, U.K

☆ SafeMoon executives charged in US with fraud related to crypto token
▼ + stars: | 2023-11-01 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

The U.S. Securities and Exchange Commission filed related civil charges against the defendants, and over the Provo, Utah-based company's alleged unregistered sale of the SafeMoon token. Lawyers for SafeMoon and the individual defendants did not immediately respond to requests for comment. According to court papers, SafeMoon also promised investors that the token's features would "drive the price to stratospheric all-time highs" and "Safely to the Moon." SafeMoon was valued at about $50 million on Wednesday afternoon, losing more than half its value after the charges were announced, according to CoinMarketCap. Reporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Al Drago, Kyle Nagy, Braden John Karony, Thomas Smith, SafeMoon, Ivan Arvelo, Smith, BRO, Karony, Nagy, Gary Gensler, Jonathan Stempel, Jonathan Oatis Organizations: U.S . Department of Justice, REUTERS, U.S . Securities, Exchange Commission, SafeMoon, McLaren, Porsche, Homeland Security Investigations, SEC, Thomson Locations: American, Washington , U.S, Brooklyn, Provo , Utah, New York, Provo, Bethlehem , New Hampshire

☆ Workers Keep Getting Big Raises. That’s a Problem for the Fed.
▼ + stars: | 2023-10-31 | by ( Gwynn Guilford | ) www.wsj.com time to read: 1 min

Compensation increases vary depending on where one lives and the industry in which one works. Gains at restaurants, bars and retailers, for example, have slowed after peaking in early 2022. Photo: Al Drago/Bloomberg NewsAmerican workers are still commanding beefy pay raises. That is good news for workers but something that could complicate the Federal Reserve’s inflation fight. Fed officials are likely to hold interest rates steady at this week’s policy meeting Tuesday and Wednesday, but signs of stalled progress in slowing wage and price increases could open the door to another rate increase in the coming months.

Persons: Al Drago Organizations: Bloomberg News

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ Over half of employees have no idea how their companies are using AI
▼ + stars: | 2023-10-24 | by ( Deborah Kong | Nbc East Coast Page | ) www.cnbc.com time to read: +2 min

Over half of employees (54%) say they have no idea how their company is using AI, according to a new survey conducted by UKG, a human resources and workforce technology company. That's despite the fact that the majority of C-suite leaders (78%) say that their company is using artificial intelligence today, according to UKG. Employees should be worried: 68% of C-suite respondents said their company has made AI decisions that are not in employees' best interests. In fact, executives that responded to the survey estimated that 56% of their workforce is directly using AI to automate or augment job tasks. Meanwhile, among workers already transparently using AI, 75% say it makes them more efficient, productive, and accurate.

Persons: Al Drago, UKG, Hugo Sarrazin, Dan Schawbel Organizations: Amazon Devices, Amazon.com Inc, Bloomberg, Getty, Workplace Intelligence, UKG Locations: Arlington , Virginia, UKG

☆ Fed’s Jerome Powell Signals Extended Pause in Interest Rate Rises
▼ + stars: | 2023-10-19 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policy makers do next? Photo: Al Drago/Bloomberg NewsFederal Reserve Chair Jerome Powell suggested that he is pleased with inflation’s decline this summer and that the central bank is unlikely to raise interest rates again unless it sees clear evidence that stronger economic activity jeopardizes such progress. “Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said in prepared remarks for a Thursday lunchtime address in New York. “Incoming data over recent months show ongoing progress toward both” of the Fed’s goals to maintain stable inflation and strong employment.

Persons: Al Drago, Jerome Powell, ” Powell Organizations: Fed, Bloomberg Locations: New York

☆ Why One Fed Official Is Ready to Stop Raising Rates
▼ + stars: | 2023-10-18 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policy makers do next? Photo: Al Drago/Bloomberg NewsThe Federal Reserve should extend its pause on interest-rate increases because of growing evidence that higher borrowing costs will slow the economy despite recent signs of hiring and spending strength, a top central bank official said. Philadelphia Fed President Patrick Harker in a Tuesday interview said he thinks the central bank can likely wait until early next year to decide whether rapid rate increases over the past 20 months have done enough to keep inflation heading lower.

Persons: Al Drago, Patrick Harker Organizations: Fed, Bloomberg, Philadelphia Fed

☆ Why Fed officials aren’t addressing the Israel-Hamas war the way they did with Ukraine
▼ + stars: | 2023-10-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

Emma Jones, a spokesperson for the Fed, declined to comment on why many Fed officials, who in the past moved swiftly to acknowledge the war in Ukraine, weren’t addressing the war in Israel. There are some Fed officials who are starting to talk about it, though — albeit only when asked questions. Fed officials see little immediate threat to the US economyAtlanta Fed President Raphael Bostic was the first to speak about the war, at the American Bankers Association’s annual conference last Tuesday. That’s probably why more Fed officials were quicker to acknowledge the war in Ukraine, Dorn said. “I don’t think the Fed wants to look like they’re taking sides,” Dorn added — but said Fed officials could easily talk about it without looking partial.

Persons: Chris Waller, ” Waller, Michael Barr, Philip Jefferson, Michelle Bowman, Lorie Logan, Emma Jones, James Dorn, “, ”, Raphael Bostic, Bostic, Neel Kashkari didn’t, aren't, they're, Al Drago, Susan Collins, ” Collins, Patrick Harker, we’ve, Harker, JPMorgan Chase, Jamie Dimon, ” Dorn, Dorn, There’s, Gregory Daco, Daco Organizations: New, New York CNN, Federal Reserve, ”, Dallas Fed, Fed, Cato Institute, CNN, Atlanta Fed, American Bankers, Minot State University, Minneapolis, Federal, Bloomberg, Getty, ” Boston, Wellesley College, Philadelphia Fed, Delaware State Chamber of Commerce, JPMorgan, Rystad Energy Locations: New York, Ukraine, Russia, Israel, Waller’s, North Dakota, Delaware, Iran, Lebanon, Syria, United States, That’s, Gaza, Hormuz, EY

That shift in legal doctrine was profound, shaping how courts have applied antitrust law ever since. Khan’s ideas have challenged the closest thing to a sacred cow in antitrust law. The most ambitious of those never became law, but Khan’s role in the probe, which Cicilline described as “critical,” helped further raise her profile. Amazon and Meta have both pushed for Khan to recuse herself from matters involving the companies, questioning her objectivity. The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

Persons: Lina Khan, Khan, Stephanie Keith, ” Khan, “, Joe Biden, ”, William Kovacic, George W, Bush, Barry Lynn, Lynn, New America Foundation —, Obama, —, ” Lina Khan, Rong Xu, ” Lynn, it’s, ’ ”, Reagan, Robert Hockett, Khan’s, David Cicilline, Lina, ” Cicilline, Cicilline, Justin Tallis, Biden, Trump, Douglas Farrar, Gary Gensler, Tom Williams, Jonathan Kanter, Roe, Wade, Kevin Kiley, Meta, she’s, “ We’ve, they’re, Federal Trade Commission Lina Khan, Al Drago, Kathleen Bradish, Bradish, Christine Wilson, Wilson, Noah Phillips, Gabby Jones, NetChoice, Carl Szabo, “ It’s, ” Szabo, There’s, ” Kovacic Organizations: CNN, Federal Trade Commission, Amazon, FTC, Big, Microsoft, Meta, Bloomberg, Getty, Republican, White House, Williams College, New America Foundation, Washington Monthly, Yale Law, Washington Post, Cornell Law School, Big Tech, Rhode, Rhode Island Democratic, Apple, Facebook, Cambridge, Activision, SEC, Financial Services, General Government, Securities and Exchange Commission, Capitol, Justice Department, Epic Games, California Republican, Washington , D.C, American Antitrust Institute, GOP, US Federal Trade Commission, Amazon.com Inc Locations: Big Tech, Robbinsville , New Jersey, Washington, Larchmont , New York, Rhode Island, Washington ,, New York

☆ On Amazon, eBay, and Shopify, AI is the new third-party seller
▼ + stars: | 2023-10-13 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +4 min

Did AI help in the process of convincing you to spend? We do know for sure that getting a leg up on the competition is getting easier for e-commerce platform sellers through the latest AI. Amazon, for example, recently rolled out a generative AI tool to help sellers write more robust and effective product descriptions. Here's what sellers need to know about using AI to sell more effectively. Customers will find more complete product information, as the new technology will help sellers provide richer information with less effort," the company stated.

Persons: Al Drago, Chris Jones, Greg Mercer, Mercer, Sellers Organizations: Amazon Devices, Amazon.com Inc, Bloomberg, Getty, Amazon Prime, New York Times, Meta, Business, Scout Locations: Arlington , Virginia

☆ How this 77-year-old widow lost $661,000 in a common tech scam: 'I realized I had been defrauded of everything'
▼ + stars: | 2023-10-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +19 min

Older adults, many of whom have saved their entire careers for retirement, can have the most to lose. The Covid pandemic was a disproportionate threat to older adults, keeping Americans indoors and quickly pushing them online. Outcomes hinge on a complex web of federal and state rules that govern banking and elder financial fraud. Such "heightened procedures" to protect older adults are part of the bank's duty of care relative to older customers, the lawsuit said. Scammers had her wire funds from her PNC bank account to an account at the now-defunct Signature Bank in New York.

Persons: Marjorie Bloom, she'd, Bloom, Roth, Ester, Ester Bloom, Rebecca Keithley, —, they'd, I'm, Kathy Stokes, Keithley, General Merrick Garland, she'll, Marjorie Bloom Bloom, trekked, Mount, Kriangkrai, I've, There's, Sergio Flores, scammers —, Carla Sanchez, Adams, Sanchez, Banks, Marve Ann Alaimo, Porter Wright Morris, Arthur, Alaimo, Cryptocurrency, Scammers, scammers, it's, Patrick Wyman, Wyman, Al Drago Organizations: PNC Bank, Finance, CNBC, Federal Bureau of Investigation, PNC, FBI, Social, Department of Justice's, Vanguard Group, Federal, Consumer Finances, AARP, Microsoft, Department of Energy, Guaranty Corporation, U.S, North Dakota ., Everest Base, Social Security, North Bethesda Camera, PNC Bank —, District of Columbia, Bloomberg, Getty, National Consumer Law, Signature Bank, Asset Unit Locations: Chevy Chase , Maryland, U.S, Vietnam, Mount Everest, North Dakota, liquidating, Nepal, Marjorie Bloom Maryland, District, —, Maryland, PNC, New York, Cayman Islands, Washington ,

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