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Donald Trump narrowly captured each on his way to collapsing the Democrats’ vaunted “blue wall” in 2016. Wages going up. Wages going up. I talk to my friends, ‘Your wages going up?’ No. The pandemic-era stimulus checks, which Trump made a point of putting his name on, also come up regularly.

Persons: Hurley Coleman III, ’ ”, Phil Kerner’s, us, ” Kerner, ”, Barack Obama, Donald Trump, Joe Biden, ” Coleman, Kamala Harris, Hurley Coleman, Coleman, “, ” Hurley Coleman Jr, –, Phil Kerner, hasn’t, Edward, he’s, Kerner, George W, Bush, Guy, “ I’m, CNN –, CNN ‘, Trump ’ Kerner, I’m, “ It’s, Hurley Coleman Jr, Harris, HJ, He’s, Trump, Biden, that’s Organizations: CNN, Trump, General Motors, GM, of God, atrophied, Phil Kerner CNN, Republican, Democratic National Convention Locations: Saginaw , Michigan, Pennsylvania, Erie, Central Michigan, Erie , Pennsylvania, Saginaw

☆ Trump plays the fear card on the economy – and it seems to be working
▼ + stars: | 2024-09-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

In another twist of his extreme rhetoric, Trump also seems to be seeking scapegoats should he lose the election in just over 40 days. Last week, at an event on antisemitism, the former president warned that “the Jewish people” would be partly to blame if he loses in November. As president, I have to be your protector.”Former President Donald Trump holds a fighting antisemitism event at Trump National Golf Club Bedminster on August 15, 2024, in Bedminster, New Jersey. On Monday, the former president warned that if Congress tried to block him from imposing new tariffs on China, he’d just ignore lawmakers. Like Trump, Harris argues that US Steel should remain American owned in opposing a sale to Nippon Steel — Japan’s biggest steelmaker.

Persons: Donald Trump, “, ” Trump, Kamala Harris, Harris, ”, Trump, Benjamin Netanyahu, he’s, Biden, Netanyahu, —, Adam Gray, We’re, Viktor Orbán, ” mused Trump, Republican Party —, Xi Jinping, Xi, he’d, John Deere, “ I’m, haven’t, Joe Biden, Win McNamee Organizations: CNN, Democratic, Fox News Town, America, Trump National Golf Club Bedminster, Getty, Farmers, Capitol, Republican, Republican National Convention, Republican Party, Monday, Investments, Trump, The New York Times, Siena College, Steel, Nippon Steel Locations: Pennsylvania, China, Israel, Bedminster , New Jersey, Harris, America, Hungarian, Beijing, Mexico, United States, Illinois, Ramos, Sprankle's, Kittanning , Pennsylvania, Arizona , North Carolina, Georgia

☆ Vinod Khosla says universal basic income may be needed as AI takes over jobs and drives wealth disparity
▼ + stars: | 2024-09-23 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Read previewFamed Silicon Valley investor Vinod Khosla thinks artificial intelligence will be able to do 80% of the work of 80% of jobs. He understands concerns over the idea of handing out cash to people who are pushed out of jobs by AI. Khosla wrote that it might seem "impractical" because of economic constraints. Related storiesYet Khosla expects the breadth of gains from AI will gradually reduce the economic constraints that animate some criticisms of UBI. Yet interventions are needed to help those hurt by broadening income disparities, Khosla said.

Persons: —, Vinod Khosla, Khosla, Elon, Sam Altman, Pope Francis, haven't Organizations: Service, Sun Microsystems, Business Locations: OpenAI, Argentina, Venezuela

☆ China stimulus calls are growing louder — inside and outside the country
▼ + stars: | 2024-09-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country. His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand." "The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International. To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.

Persons: Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi Organizations: China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China Locations: Beijing, China, BEIJING, Renmin, Center for China, U.S

☆ Amazon's 5-day office push may be the beginning of the end for remote working
▼ + stars: | 2024-09-22 | by ( Nora Redmond | ) www.businessinsider.com time to read: +4 min

Read previewAmazon is waving goodbye to remote work. Workers were previously told to come in at least three days a week, but Amazon seems eager to end pandemic-era habits. AdvertisementThe memo outlined extenuating circumstances such as illness, a household emergency, and the need to finish coding in a more isolated environment as scenarios when remote work may be permitted. Jones, however, does not believe this new requirement will spell the end of remote work. AdvertisementIn the context of globalization, she said, Amazon employees will still be working remotely with each other because they're based in different locations.

Persons: —, Andy Jassy, Jassy, Gemma Dale, Liverpool John Moores, Dale, Amanda Jones, Jones, Khaddage, Diab, it's Organizations: Service, Workers, Business, King's College London, Amazon, AM Bank Locations: Washington, Arlington , Virginia, Liverpool, Khaddage Bou, Diab

☆ JD Vance says he's worried about a 'death spiral' in the US bond market. Here's what he's talking about.
▼ + stars: | 2024-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

JD Vance warned recently of a "death spiral" in the US bond market. "Do they try to take down the Trump presidency by spiking bond rates?" AdvertisementVice Presidential candidate JD Vance worries about soaring interest rates sparking a "death spiral" in the US bond market that could ultimately "take down the finances of this country." And the only thing that really makes that serviceable is the interest rates are still pretty low. As to where US interest rates seem to be going in the near future, the answer is lower.

Persons: Vance, Trump, JD Vance, —, Tucker Carlson, Liz Truss, Steve Sosnick, Sosnick Organizations: Service, Trump, Federal, Medicare, Social Security, Bank of England, Interactive Brokers, Business Locations: China, Japan

☆ These 9 'Back to the USA' stocks will get the biggest boost from an American manufacturing boom: Bank of America
▼ + stars: | 2024-09-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. He believes that the rise of the US trade deficit over the past year will likely make it a key issue for both political parties. AdvertisementAlthough the Trump administration has traditionally been linked to trade wars and more protectionist measures, Biden's administration maintained the Chinese tariffs. It will create more manufacturing jobs and boost demand for domestic companies with in the logistics and supply chain process. A September 19 research note from Bank of America suggests that this shift is set to benefit domestic small- and mid-cap stocks most.

Persons: —, Trump, Manish Kabra, Kabra, Jill Carey Hall Organizations: Service, Business, US, of, Tax, Bank of America Locations: China, Red

☆ Don’t expect much from stocks for the next decade, says JPMorgan
▼ + stars: | 2024-09-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

As investors are navigating all the buzz about this week's potential rate cut and the upcoming presidential election, JPMorgan is forecasting a serious risk to long-term stock returns. The market appears to be too expensive relative to history, according to the firm, which is projecting a 5.7% annual return from the S & P 500 over the next decade. That is barely above half its post-World War II average, analyst Jan Loeys said in a recent note to clients. .SPX 5Y mountain S & P 500 performance over the past five years. The "Great Moderation" refers to the period from the mid-1980s to 2007 that saw low inflation and steady economic growth.

Persons: Jan Loeys, Loeys Organizations: JPMorgan

☆ Here's the deflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

It means that, in aggregate, the average prices of goods and services are rising, just more slowly. Where prices have deflatedFor example, prices have declined by about 5% for furniture and bedding and 3% for appliances since August 2023, according to CPI data. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Airline fares have declined about 1% over the past year, according to CPI data. Grocery prices have fallen for items such as apples, potatoes, ham, coffee, rice, seafood and bananas, according to CPI data.

Persons: Stephen Brown, it's, Sarah House, They've, women's outerwear, Brown Organizations: North, Capital Economics, Finance, Social Security, Wells, Wells Fargo Economics, U.S, International Air Transport Association Locations: U.S, North America, Wells Fargo, China

☆ Why the global fight against inflation is nowhere near over
▼ + stars: | 2024-09-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Everyone seems to believe that inflation will return to its boring old normal," said Chief European economist Tomasz Wieladek. Changes in central bank policy, expectations, labor markets, and globalization mean that inflation will likely stay volatile going forward." Depending on circumstances, this could set the scene for another large inflation target miss." For instance, JPMorgan chief Jamie Dimon has repeated warnings of a pricey future, as global militarization and the green transition stoke inflation. "While AI will likely have a disinflationary effect in the medium term, the associated energy consumption could contribute to higher short-term inflation."

Persons: —, Rowe Price, Tomasz Wieladek, Wieladek, Jamie Dimon, Donald Trump Organizations: Service, Financial Times, Business, JPMorgan Locations: Europe

☆ Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030
▼ + stars: | 2024-09-05 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Family offices are expected to add more than $2 trillion in assets by 2030, as an increase in wealth concentration and a revolution in wealth management drive rapid growth in new family offices. In total, the wealth of families with family offices is expected to top $9.5 trillion in 2030, according to the report — more than doubling over the decade. "It's really the past decade that has seen an acceleration in growth in family offices." The rise of family offices is remaking the wealth management industry and creating a powerful new force in the financial landscape. Family offices are seen as offering more privacy, more customization and more tailored programs for the next generation of the family.

Persons: Robert Frank, Rebecca Gooch, It's, Gooch, incentivized, Eric Johnson Organizations: Deloitte Private, Deloitte, Henley & Partners, Forbes Locations: centimillionaires, North America, Asia, Pacific, North

☆ Whoever can finally coin an effective economic message could win the White House
▼ + stars: | 2024-08-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Voters keep telling pollsters that their economic insecurities are the biggest issue in the 2024 election. Former President Donald Trump will try to make a case against Kamala Harris’ role in the Biden economy on Wednesday in North Carolina. President Joe Biden dedicated his domestic agenda to restoring economic fairness and sought to revive manufacturing and repair the country’s crumbling infrastructure. As the effective incumbent in this race, Harris is vulnerable to any sudden shifts in the economic outlook. But with Trump seeking an opening to define her negatively — especially on the economy — Harris must act fast.

Persons: Donald Trump, Kamala Harris, Biden, Trump, Joe Biden, Harris, Kamala, He’s, Price, “, Biden Administration’s, ”, —, ” Harris, ” Trump, hasn’t, “ You’ve, Scott Jennings, Anderson Cooper, “ You’re, Brad Todd, CNN’s Kasie, he’s, ” Todd, Kevin McCarthy, Elon Musk, Sen, JD Vance, Harris ’, Bill Clinton, Barack Obama, Clinton, Obama, Obama –, –, — Harris, Tim Walz, She’s Organizations: CNN — Voters, Trump, Home Depot, Republican, Democratic, Biden, CNN, Fox News, Air Force, Democratic National Convention, NPR, PBS, Marist, New York Times, Siena College, Minnesota Gov, pharma Locations: North Carolina, Asheville , North Carolina, Maryland, Raleigh, Ohio, Chicago, Nevada, Phoenix, California, States, Pennsylvania, Michigan, Wisconsin

☆ The Changing Supply Chain
▼ + stars: | 2024-08-12 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

For decades, major companies have behaved as if geographic distance were almost irrelevant. A factory in China was the same as a factory in Michigan. The pandemic and geopolitical upheavals have exposed the risks of depending on faraway industry to make critical things like computer chips, protective gear and medicines. The pandemic shockThe emergence of Covid in China ended the previous version of globalization. Quarantines shut Chinese factories at the same time that Western consumers, stuck in lockdown, ordered more manufactured goods like exercise equipment and electronic gadgets.

Persons: Quarantines Locations: China, Michigan

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. may already be in a "plain vanilla recession": Danielle DiMartino BoothSignificant job losses and bankruptcy filings over the past year signal a "plain vanilla recession," according to Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence. In this episode of "The Bottom Line," CNBC explores the former Dallas Fed advisor's views on the state of the U.S. economy, the navigating high of inflation and interest rates, globalization and a weakening labor market.

Persons: Danielle DiMartino Booth Organizations: Quill Intelligence, CNBC, Dallas Fed Locations: U.S

More than in any other foreign arena, Vance has sought to echo Trump on the Ukraine war. In doing so, he emphasized the thick vein of “scarcity politics” that runs through his foreign policy, arguing that the U.S. can’t equip Ukraine with enough materiel to hold back an opponent as vast as Russia. Vance described Ukraine ceding territory to Vladimir Putin as being in “America’s best interest” while appearing more supportive than Trump of remaining in NATO. The foreign policy views of Pence, vice president when Trump was in office, while not loved by everyone, were at least “mature” — they were informed by several terms experiencing the consequences of foreign policy becoming reality, according to Daniel Kurtzer, a former U.S. ambassador to Israel and now a professor at Princeton. Vance, on the other hand, brings “no foreign policy experience, certainly no expertise,” Kurtzer says, and he will fall in behind his boss when needed.

Persons: JD Vance, Donald Trump, ”, “, Vance, Clayton Allen, —, Anna Moneymaker, Trump, Bronwen Maddox, “ He’s, ” Allen, Biden, Vladimir Putin, Chatham House’s Maddox, Joe Biden, ” Vance, Patrick Baz, doesn’t, William Ruger, Israel, — Trump, Jair Bolsonaro, Viktor Orban, ” Trump, Stephen Maturen, Vance “, Dick, Cheney ”, George W, Allen, Hitler, Mike Pence, Pence, Daniel Kurtzer, ” Kurtzer, Benjamin Netanyahu, Charles Hollis, Hollis, Trump’s, ’ ”, Maddox, Grover Cleveland Organizations: Marines, Yale Law School, Gaza, Ohio, GOP, Eurasia Group, Republican Party, NATO, Republican National Convention, Democrat, Republicans, NAFTA, China, Getty, American Institute for Economic Research, Kremlin, Bloomberg, Trump, Princeton, United, Aperio Intelligence Locations: Iraq, U.S, Ukraine, Sierra Vista, London, Kyiv, Russia, lockstep, Europe, Mexico, Baghdad’s, Owerij, Ohio, Pennsylvania, Michigan, Great Barrington , Massachusetts, Ukrainian, Taiwan, “, St Cloud, Minn, Israel, China, Gaza, Saudi Arabia, Iran, United States, Montezuma, Canada

☆ Why workers who lose their jobs to AI will be better off than the Midwest manufacturing employees of two decades ago
▼ + stars: | 2024-08-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Similar to US manufacturing workers who lost their jobs in recent decades to advancements like automation, those displaced by AI could find themselves without the skills needed for the modern workforce. It comes down to when — and where — AI job losses are likely to materialize. Davis said there are several reasons workers who are displaced by AI should have an easier time finding work than many manufacturing workers of the past. Impacted workers in cities would be more likely to have job opportunities than workers where manufacturing jobs were concentrated, which often were in the Midwest. Widespread AI job displacement won't happen for at least a decadeWhile Davis is uncertain about the timing and scale of AI job displacement, he said he doesn't expect AI to drive major job losses over the next decade.

Persons: —, Goldman Sachs, It's, Steven Davis, Hoover Institute —, Davis, it's, — Davis, they've, they're, Joe Biden, there's, Jim Covello, that's Organizations: Service, Business, Hoover Institute, Stanford University —, Bureau of Labor Statistics —

☆ Opinion | The Mystery of JD Vance Is Unraveling
▼ + stars: | 2024-07-31 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +2 min

JD Vance embodies the pros and cons of political competition in a divided America. Vance’s reputation as defender of the globalization-battered working class can help Trump in the electorally crucial Midwest industrial belt states of Pennsylvania, Wisconsin, and Michigan. But Vance is also an absolutist on restricting abortion, the Republican’s biggest current weakness, according to polls. He has adopted Trump’s line that abortion rules should be left to the states, but his voting record is striking. In an interview with the Youngstown Ohio Vindicator, Vance contended that there was extensive fraud in 2020 including a “big-tech” conspiracy directed by Mark Zuckerberg, the chief executive of Facebook.

Persons: Vance, minuses, Donald Trump’s ‘, —, Sean O’Brien, ” That’s, Trump, Tony Fabrizio, ”, ” Vance, Mark Zuckerberg Organizations: GZERO Media, Republican National Convention, Republican, Teamsters, Ohio Republican Senate, Trump, Youngstown Ohio Vindicator, Facebook Locations: America, Pennsylvania , Wisconsin, Michigan

☆ 3 reasons why US manufacturing is coming back— and how to invest in a reindustrializing economy
▼ + stars: | 2024-07-28 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

AdvertisementAccording to Osterweis, investors should expect increased cyclicality going forward. Now, with increased investment in AI and several initiatives to revitalize domestic manufacturing, Osterweis believes the US could see a return to shorter expansion periods. AdvertisementInvestors can buckle up for more frequent economic fluctuations by increasing their concentration in quality growth equities. Investing in quality growth businesses not only drives strong returns but also protects against the ups and downs of business cycles. Osterweis also sees AI as a sustainable trend and recommends investors continue holding semiconductor companies.

Persons: —, John Osterweis, Goldman Sachs, Management Offshoring, Osterweis Organizations: Service, Business, Capital Management, Osterweis, Infrastructure Investment, Jobs, Bank of America, Companies, Big Tech, Microsoft, Management, Nvidia, VanEck Semiconductor, Trust Nasdaq Semiconductor Locations: Rust, Mexico, China, East Asia, reindustrialization

☆ Who Can Achieve the American Dream? Race Matters Less Than It Used To.
▼ + stars: | 2024-07-25 | by ( German Lopez | Ashley Wu | ) www.nytimes.com time to read: +15 min

When the white Gen X child turned 27 in 2005, they could expect to make more than $34,000. But Mr. Cain did have a strong community — which he said taught him entrepreneurship and showed him he could dream big. Mr. Cain, 35, got a two-year degree in business management and first worked as a bank teller and financial adviser. At the same time, white millennials born to poor parents had a harder time than their white Gen X counterparts. Unlike Mr. Cain, Mr. Brown did not have a strong sense of community, as he bounced between his mother, his father and his grandparents.

Persons: Lawrence Cain Jr, Cain, ”, Asa Featherstone, Black, Derek Brown, Brown, He’s, “, It’s, ” Mr, Raj Chetty, Stefanie A, DeLuca, David B, Ralph Richard Banks, wasn’t, Benjamin Goldman, Cain’s Organizations: Abundance University, Business, Harvard, The New York Times, General Electric, Richer, Johns Hopkins University, Stanford, People, Black, White, Conservatives, Local, Bank of America Locations: Cincinnati, Northside, America, United States, American, China, India, Charlotte, N.C

☆ Men’s basketball at the 2024 Paris Olympics: NBA player list, how to watch and Team USA’s top threats
▼ + stars: | 2024-07-24 | by ( Mike Prada | ) www.nytimes.com time to read: +16 min

The 2024 men’s Olympic basketball tournament at the Paris Games is overflowing with star power — and not just from Team USA. Even South Sudan, the lowest-ranked team in the tournament, proved its mettle by nearly upsetting Team USA in a tune-up matchup last weekend. White was a member of the 2019 FIBA World Cup team, while Edwards and Haliburton made their debuts at the 2023 FIBA World Cup. Twenty-seven of the 30 NBA teams will have at least one player participating in this tournament. Can Team USA do it again in 2024?

Persons: Seth, Giannis Antetokounmpo’s, LeBron James, Stephen Curry, Nikola Jokić, Team USA’s, Pierre Mauroy, It’s, James, Joel Embiid, Joel, Grant Hill, Curry, Embiid, Kevin Durant, Anthony Davis, Jayson Tatum, Kawhi Leonard, Anthony Edwards, Devin Booker, Bam Adebayo, Tyrese Haliburton, Leonard, Boston Celtics ’ Derrick White, Durant, Haliburton, Tatum, Holiday, Booker, Adebayo, Embiid Curry, Tatum James, Edwards Booker, Edwards, Davis, Jordi Fernandez, Shai Gilgeous, Alexander, he’s, Jamal Murray, Dillon Brooks, RJ Barrett, Zach Edey, Dwight Powell, Kelly Olynyk, Victor Wembanyama, Wembanyama, Rudy Gobert, Bogdan Bogdanović, They’ll, Dennis Schröder, Franz Wagner, Antetokounmpo, Patty Mills, Joe Ingles, Matthew Dellavedova, Josh Giddey, Josh Green, Dyson Daniels, — Rudy Fernández, Willy Hernangomez, Santi Aldama, we’re, Bruno Caboclo, ESPN’s Fran Fraschilla, Jose Alvarado —, Rui Hachimura, Luol Deng, Dante Exum, Jock Landale, Duop, Gui Santos, Luguentz Dort, Andrew Nembhard, Nickeil Alexander, Walker, Trey Lyles, Evan Fournier, Nicolas Batum, Bilal Coulibaly, Mo Wagner, Daniel Theis, Giannis Antetokounmpo, Jose Alvarado, Nikola Jović, Vasilije Micić, JT Thor, Usman Garuba, ’, We’ll, Giuseppe Cacace Organizations: Paris Games, Paris, Team USA, Luka Dončić’s, France, Germany, USA, Australia, CNBC, Team, Serbia, Pierre, Bercy Arena, NBA, NBC, South, Telemundo, Universo, The Philadelphia 76ers, U.S, USA Basketball, Tyrese, Boston Celtics, Embiid, BetMGM, Brooklyn Nets, Jordi Fernandez . Oklahoma City Thunder, Denver Nuggets, Houston Rockets, Toronto Raptors, Grizzlies, San Antonio Spurs, Minnesota Timberwolves, Atlanta Hawks, FIBA, Veteran NBA, Orlando Magic, Bahamas, New Orleans Pelicans, Los Angeles Lakers, Cleveland Cavaliers, Utah Jazz, New York Knicks, Timberwolves, Blazers, Mavericks, Spurs, Pistons, Tominaga, Pelicans, Olympic Locations: Giannis Antetokounmpo’s Greece, Luka Dončić’s Slovenia, London, Abu Dhabi, U.S, Canada, Serbia, South Sudan, Spain, Lille, France, Paris, Australia, Spain Germany, Japan France, Brazil Greece, Sudan, Puerto Rico Serbia, Greece Canada, Australia Japan, France Brazil, Germany, Puerto Rico, Serbia USA, Japan, Brazil Australia, Spain France, USA Serbia, USA, Greece, Brazil, Cameroon, Edwards, Tokyo, Haliburton, Holiday, Jordi Fernandez ., Nigeria, Valencia, ” Puerto Rico, Tremont Waters, . Puerto Rico

☆ Harris is a true believer in globalization, says Jim Cramer
▼ + stars: | 2024-07-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarris is a true believer in globalization, says Jim Cramer'Mad Money' host Jim Cramer looks at the market reaction to this weekend's big political shake up.

Persons: Harris, Jim Cramer

☆ Stock market today: US stocks rise as traders try to come back after worst week since April
▼ + stars: | 2024-07-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors are gauging what a potential Kamala Harris presidency could mean for the stock market. Second-quarter GDP and the June PCE index will be released later this week. The gains came one day after President Joe Biden announced he would not seek re-election, and instead endorsed his Vice President, Kamala Harris. That will be followed by the Federal Reserve's preferred inflation gauge, the PCE index, at 8:30 a.m. on Friday. Economists expect the June Core PCE index to rise 2.5% year over year, which is not far off from the Fed's long-term inflation target of 2%.

Persons: Kamala Harris, —, Joe Biden, Harris, Donald Trump, Trump's, JD Vance, Alex Saunders Organizations: Service, Technology, Nasdaq, Trump, Citi, Federal, Here's Locations: California

☆ Cramer says Harris would be better than Trump and Biden for megacaps and international business
▼ + stars: | 2024-07-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday told investors how a possible Kamala Harris administration might affect the market, suggesting her policies would be better for megacaps and international outfits. "If you own many stocks of international companies and you want to vote your portfolio, Harris is more likely to help than hurt. After President Joe Biden bowed out of the 2024 race, he backed Vice President Harris for the Democratic nomination. According to Cramer, Biden seemed to hold the belief that "big business is bad business," but Harris may have a "more nuanced approach." Cramer said he could see Harris having close communication with Big Tech leaders.

Persons: CNBC's Jim Cramer, Kamala Harris, Biden, Harris, Joe Biden, Nancy Pelosi, Gavin Newsom, Cramer, Donald Trump, Sen, JD Vance, Ohio, Vance, bode Organizations: Trump, Democratic, Big Tech, Taiwan Semiconductor, Republicans Locations: Washington, California, America

☆ Two days after surviving an assassination attempt, Trump picks his MAGA heir
▼ + stars: | 2024-07-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

And if Trump wins the election in November, a millennial will be a heartbeat away from the presidency. The Ohio Republican has turned on the establishment and elite academe that helped make his name with the vehemence that only a defector can muster. But he has explained that he was wrong about Trump and now believes that he was a great president. Trump critics are also seizing on the pick to question Trump’s commitment to his new unity message after he escaped the assassination attempt. Ultimately, Trump is clearly comfortable with Vance, a favorite of his firebrand son Donald Trump Jr.

Persons: CNN — JD Vance, Donald Trump —, MAGA, —, Vance, Trump, he’s, Trumpism, Trumper, “, Trumper ”, Critics, CNN’s Kaitlan Collins, “ I’m, Mike Pence’s, ”, ” Vance, Donald Trump, it’s, Joe Biden’s, Biden, won’t, reclaims, America’s, ’ ”, Volodymyr Zelensky, Vance’s, CNN’s Collins, It’s, ” Zelensky, Dick Cheney, Bush, Donald Trump Jr, Mike Pence, Collins Organizations: CNN, Republican Party, Trump, Senate, Ohio State University, Marine Corps, Yale Law School, Ohio Republican, White, Democratic Party, Buckeye State, Republican, Munich, Conservative Political, Wing, “ America, The Locations: Ohio, Appalachia, Kentucky, Iraq, Pennsylvania, Michigan, Wisconsin, Omaha , Nebraska, America, Ukraine, The Ohio

☆ Here's the deflation breakdown for June 2024 — in one chart
▼ + stars: | 2024-07-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Physical goods have accounted for much of the deflation over the past year, according to economists. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. However, a shift toward higher tariffs and less free trade could serve to push up goods prices "quite significantly," she added. Why there's been deflation for food, travel, electronicsPrices have also declined for items including food, travel and electronics. Travelers have seen deflation for airline fares (prices are down 5.1% annually) amid factors like an increased volume of available seats.

Persons: Olivia Cross, Cross Organizations: Getty, Capital Economics, U.S, AAA, Travelers Locations: U.S, North America, China

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