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☆ North Korea appears to be sending its powerful howitzers to the Ukraine war, where artillery has been king
▼ + stars: | 2024-11-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementNorth Korea appears to have transferred different types of artillery systems to Russia. The development comes as North Korean troops are fighting against Ukraine on behalf of Russia. North Korea appears to have sent its big guns to Russia, furthering its support of Moscow's grinding war against Ukraine, a conflict in which artillery has been a dominant player. AdvertisementImages began to surface on social media last week showing what were identified as North Korean "Koksan" 170mm self-propelled howitzers traveling by rail across Russia. North Korea now shipping artillery systems to Russia — this in addition to shells, men, and missiles it is already sending.

Persons: Kasapoğlu, ZHBemaVVXM, 3lOtCi13TO — Oliver Carroll, Chung Sung, it's, Joe Biden Organizations: Ukraine, Western, Hudson Institute, Korean, Center for Strategic, Studies ' Missile, Artillery Rocket Systems, US Defense Intelligence Agency, DIA, Getty, Artillery, North Korean, Kyiv's, NATO Locations: Korea, Russia, South Korea, North Korea, Ukraine, Korean, Pyongyang, Kyiv, Moscow, Seoul, Kursk

☆ DOGE's potential first target is a mobile app for filing your taxes
▼ + stars: | 2024-11-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk's DOGE is considering developing a mobile app for tax filing, per the Washington Post. Elon Musk and Vivek Ramaswamy have been tasked with slashing government spending under Trump. Elon Musk's Department of Government Efficiency reportedly has its first target — the US tax system. Musk and Vivek Ramaswamy's cost-cutting agency has discussed developing a mobile app that would let Americans file their taxes for free, two sources told The Washington Post. Musk and DOGE did not respond to a request for comment from Business Insider, sent outside normal working hours.

Persons: Elon, Elon Musk, Vivek Ramaswamy, Vivek Ramaswamy's, Ramaswamy, Donald Trump's, Joe Biden, Musk Organizations: Washington Post, Intuit, Trump, Elon Musk's Department, Government Efficiency, Washington, Republicans, Treasury, Business Locations: Washington

☆ Trump sees China as the biggest AI threat. He has bipartisan support to win the race for powerful human-like AI.
▼ + stars: | 2024-11-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

AdvertisementA bipartisan US congressional commission urges a "Manhattan Project" for AI to outpace China. Trump has previously called China the "primary threat" in the AI race. AdvertisementThe Manhattan Project was a secret program led by the US government during World War II to develop the world's first atomic bombs. Advertisement"We have to take the lead over China, China is the primary threat," he added. OpenAI also cited the Manhattan Project in its blueprint as one of the US's "iconic infrastructure projects that moved the country forward."

Persons: Trump, Donald Trump, Logan, Joe Biden's, OpenAI, Yoshua, Max Tegmark Organizations: China, China Economic, Security, Commission, General Intelligence, US Treasury Department, Business, Manhattan Project, Life Institute, MIT, Guardian, Elon Locations: China, US, Washington

☆ Indian international students in the US outnumber Chinese for the first time in 15 years
▼ + stars: | 2024-11-20 | by ( Jessie Yeung | ) edition.cnn.com time to read: +10 min

A changing ChinaIt was a different world in the late 2000s and early 2010s, when Chinese students first began surging overseas. In 2020, the US revoked visas for more than 1,000 Chinese students and researchers deemed security risks. In January this year, Chinese foreign ministry spokesperson Wang Wenbin said in a briefing that “dozens of Chinese nationals, including international students, have been forcibly deported by the US each month.” He decried it as “discriminatory,” urging the US to protect the rights of Chinese students abroad. The Covid yearsThe number of Chinese students in the US plunged during the pandemic and hasn’t rebounded since. “Since the economic sanctions and tech restrictions started in 2018, many (Chinese) students have been sent back home,” one user wrote on Weibo.

Persons: “, ”, Mallie Prytherch, ‘, ’, Donald Trump’s, ” Prytherch, Trump, Prytherch, Joe Biden, Wang Wenbin, Li Jing, hasn’t, Mirka Martel, Steven Hon, didn’t, Hon, Marianne Craven, they’ve Organizations: Hong Kong CNN, Education consultancies, State Department, of International Education, University of Hong Kong’s, Contemporary, Beijing, World Trade Organization, Games, America, Fulbright, Trump, Tsinghua University, CNN, Institute of International Education, Education, –, Ivy League Locations: Hong Kong, United States, China, India, America, Contemporary China, “, Beijing, cybersecurity, Macau, Weibo, Canada, Australia, American

Plus, not all of his Fox News picks are for Cabinet roles. A TV doc to oversee health insurance for 160 million-plus AmericansDr. Mehmet Oz outside of a polling location during the primary election in Rockledge, Pennsylvania, on May 17. In between failed bids for the Republican presidential nomination in 2008 and 2016, Huckabee hosted a show on Fox News. Homan was actually the first of Trump’s picks to be announced from the Fox News orbit. An anti-mainstream conspiracy theorist and author to oversee health policyRobert F. Kennedy Jr. in New York in May.

Persons: Joe Biden, Donald Trump, Trump’s, Trump, Dan Bongino, Read, Hegseth, John Lamparski, Pete Hegseth, Tulsi Gabbard, Mehmet Oz, Hannah Beier, Oprah, Mike Huckabee, Chip Somodevilla, Sarah Huckabee Sanders, Huckabee, he’s, there’s, Sean Duffy, Mary F, Reuters Long, MTV’s, ”, Duffy, Rachel Campos, she’s, “, Justin Sullivan, Robert F, Kennedy Jr, Elon, Gabbard, Hillary Clinton, ’ Tom Homan, Kamil Krzaczynski, Tom Homan, ” Homan won’t, Homan, Brian Stelter, Anthony Scaramucci, Richard Grenell, Heather Nauert, Morgan Ortagus, Bill Shine, Lev Radin, Kennedy, There’s, Dr, Anthony Fauci, Bill Gates, Peter Bergen, Linda McMahon, Jeenah, McMahon, Vince McMahon Organizations: CNN, ”, Black Americans, Fox News, Service, Fox News Channel Studios, Army National Guard, Joint Chiefs of Staff, Army, Medicare, Services, Holy Land Former Arkansas Gov, Republican, Trinity Broadcasting Network, Calvert, Reuters, Boston, Trump, “ Fox, Friends, Hegseth, Fox Business, Fox, Democratic Party, Democratic, Elon Musk’s, Convention, Getty, Customs, Human Services, New York Times, Republican National Convention, Trump’s, Business Administration, WWE Locations: America, Washington, New York, New York City, Iraq, Rockledge , Pennsylvania, Pennsylvania, Drexel Hill , Pennsylvania, Arkansas, Jerusalem, Israel, Rayburn, Washington , DC, Wisconsin, Russia, Las Vegas, Syria, Milwaukee, AFP

☆ The Department of Justice asks court to force Google to spin off Chrome
▼ + stars: | 2024-11-20 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

Google has promised to appeal; the company didn’t immediately respond to a request for comment on Wednesday’s filing. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Mehta wrote in his opinion. The Microsoft case has been credited with paving the way for Mozilla’s Firefox and Google’s Chrome browsers, which ultimately allowed Google to promote its search engine to billions of internet users. The Microsoft parallels in the Google case are clear, Mehta wrote in his August opinion. Even as Google fights the Justice Department on remedies in the search case, the company is embroiled in another antitrust battle just across the Potomac River in Alexandria, Virginia.

Persons: didn’t, Amit Mehta, Mehta, Satya Nadella, Bing, OpenAI, Trump, Joe Biden, – Mehta, Sherman, ” Mehta, “, ” Organizations: CNN, Google, Justice Department, Apple, Samsung, DOJ, Microsoft, Verizon, Court, District, Columbia, Chrome, Windows, Netscape, Department Locations: California, Alexandria , Virginia

☆ Absences by Trump’s Senate pals help Democrats confirm Biden judges
▼ + stars: | 2024-11-20 | by ( Tierney Sneed | ) edition.cnn.com time to read: +6 min

Trump earlier this month had urged Senate Republicans not to allow any judicial confirmations in the final weeks of the Biden administration while the upper chamber was under Democratic control. Since then, other judicial nominees have been able to clear pivotal votes because not enough Republicans were present to block them. Two of the missing Republicans, Sens. Several of the missing Republicans – which also included Sen. Marco Rubio, Trump’s pick for secretary of state – were back in the chamber Wednesday. Even if no other Biden-appointed judge is confirmed, Trump will start his second term with a number of openings that is fewer than half of that previous number.

Persons: Joe Biden’s, Donald Trump’s, Trump, JD Vance, Embry Kidd, Sen, Joe Manchin, Vance, Bill Hagerty of, –, Democratic Sen, John Fetterman, Biden, Carrie Severino –, ” Vance, Grace Chong, Steve Bannon’s, Christopher Wray, Fetterman, Sarah Russell, Kamala Harris, Hagerty, Ted Cruz, Hagerty’s, Republicans –, Marco Rubio, Trump’s, Mike Braun, Cruz, Rebecca Pennell, Amir Ali, doesn’t, Ali, Kyrsten Sinema, Montana GOP Sen, Steve Daines, Embry, Aileen Cannon, Jack Smith’s, Barack Obama’s, Alyana Treene, Kristen Holmes, Betsy Klein, Devan Cole Organizations: CNN, GOP, Conservative, Republicans, Ohio Republican, Circuit, Mar, Democratic, Trump, Crisis Network, FBI, House, Republican, Sens, SpaceX, Indiana, US, Court, of, Montana GOP, Senate Locations: Ohio, Trump’s Florida, Bill Hagerty of Tennessee, Hawaii, Ted Cruz of Texas, Texas, Eastern, of Washington, Montana

☆ Delta CEO says Trump administration's approach to regulation could be 'breath of fresh air'
▼ + stars: | 2024-11-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Delta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of fresh air." Speaking to reporters ahead of Delta's investor day, Bastian noted that President-elect Donald Trump campaigned saying he would take a "fresh look" at regulation and bureaucracy. "We have to invest in this industry," American Airlines CEO Robert Isom said at the Skift Aviation Forum in Dallas last week. In an interview last week, Sun Country Airlines CEO Jude Bricker said: "We just need stability and resources at the DOT." Industry members and analysts also expect the incoming administration to be more open to mergers and consolidation.

Persons: Ed Bastian, Bastian, Donald Trump, Pete Buttigieg, Trump, Sean Duffy, Duffy didn't, Robert Isom, Jude Bricker, Joe Biden's Organizations: Delta Air Lines Inc, Delta Air, Trump, U.S . Department of Transportation, Delta, Fox Business, U.S, Federal Aviation Administration, American Airlines, Skift Aviation, Sun Country Airlines, Industry, Alaska Airlines, Hawaiian Airlines, Biden's Justice, Spirit Airlines, JetBlue Airways, JetBlue Locations: New York, Dallas, U.S

☆ Could Trump reinstate the student debt that Biden forgave? Here's what experts say
▼ + stars: | 2024-11-20 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Under Trump, the U.S. Department of Education is likely to abandon its efforts to deliver wide-scale student loan relief , experts say. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems, including the Public Service Loan Forgiveness initiative and income-driven repayment plans. In June, U.S. District Judge Daniel Crabtree in Wichita, Kansas, described student loan forgiveness as having an "irreversible impact," in his decision to block one of the Biden administration's relief measures. For example, in February, some borrowers saw their debts reinstated under the Public Service Loan Forgiveness program. In a new report, the Consumer Financial Protection Bureau cites, among the errors reported by student loan borrowers, "balance reinstatements," in which a loan servicer tacks a loan balance back on to one's account.

Persons: I've, Trump, Mark Kantrowitz, who've, Joe Biden, Betsy Mayotte, Daniel Crabtree, Biden, aren't, Kantrowitz, they've, tacks Organizations: Trump, U.S . Department of Education, Education Department, Public, The, Student Loan Advisors, District, Finance, Black, College Investor, Consumer Financial, Bureau Locations: U.S, Wichita , Kansas

☆ Biden fades into the background at his final international summits: From the Politics Desk
▼ + stars: | 2024-11-19 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, White House correspondent Mike Memoli files a dispatch from Rio de Janeiro on President Joe Biden's final international summit. Biden fades into the background at his final international summitsBy Mike MemoliRIO DE JANEIRO — President Joe Biden’s final international summits almost certainly would have played out differently had the elections back home gone as he had hoped. But President-elect Donald Trump cast a long shadow over a seemingly humbled Biden as he bid farewell to his counterparts here. Read more → 🥊 Democrats’ next fight: Minnesota Democratic Party Chairman Ken Martin became the second candidate to jump into the race to lead the Democratic National Committee. Read more →Minnesota Democratic Party Chairman Ken Martin became the second candidate to jump into the race to lead the Democratic National Committee.

Persons: Mike Memoli, Joe Biden's, Steve Kornacki, Biden, Joe Biden’s, Donald Trump, “, Trump, ”, Xi Jinping, Justin Trudeau, ” Trudeau, ” Biden, Joe Biden, Hillary Clinton, Clinton, It’s, Barack Obama, Dasha Burns, Dane, Kamala Harris, Steve, ️, edu, tim e Organizations: NBC, White House, Capitol, White, APEC, Canadian, Trump, “, NBC News, Democratic, Republican, Hialeah, voters, Gwinnett, Biden, Trump’s, ics Locations: Rio de Janeiro, JANEIRO, Brazil, Peru, China, Japan, South Korea, America, Lima, Rome, ”, Maricopa County , Arizona, Maricopa County, Maricopa, Phoenix, Maryvale, Miami, Dade County , Florida, Cuban, Venezuelan, Doral, Aventura, Gwinnett County , Georgia, The Atlanta, Atlanta, Norcross, Kent County , Michigan, Michigan, Trump, Washoe County , Nevada, Washoe County, Clark County, Erie County , Pennsylvania, Erie, Dane County , Wisconsin, Poli

More consequential, however, was the stagnant or shrinking turnout in these cities, which — coupled with turnout growth in Republican counties across the blue wall — drove Trump’s victory. While the number of voters throughout the rest of Michigan grew by 2.6%, the number in Detroit fell by 4%. NBC News Decision DeskThe third large blue wall city is Milwaukee, which makes up about 60% of Milwaukee County’s population. Even though turnout grew slightly overall in the city, just over half of precincts (58%) experienced a turnout decrease. Comparing Milwaukee’s sluggish turnout to Dane County — which is Wisconsin’s other large Democratic county, where turnout increased by over 6% — helps to show how different demographics may explain turnout changes.

Persons: Donald Trump’s, Pennsylvania —, Kamala Harris’s, Harris ’, Milwaukee County , Wisconsin —, Harris, Joe Biden, Wayne, Biden, Trump, Dane County, Dane, Dane County’s, Detroit —, Joe Biden’s Organizations: NBC, Democratic, Republican, Dane County, Milwaukee, Wisconsin Locations: Michigan , Wisconsin, Pennsylvania, Wayne County , Michigan, Detroit, Philadelphia County , Pennsylvania, Milwaukee County , Wisconsin, Philadelphia, Wayne County's, Michigan, Milwaukee, Wisconsin, Dane, Milwaukee’s, Dane County

Fresh from a devastating loss to Donald Trump, Vice President Kamala Harris may now head to Capitol Hill to defy him in what could be her last major act in office. As the president of the Senate, Harris wields the constitutional power to provide a tie-breaking vote. “We are going to use the lame duck to confirm judges. GOP senators can slow the process down, but Democrats need a simple majority to overcome any obstruction and confirm judges. The senior administration official declined to discuss whether Biden has talked to Harris or Schumer about lame-duck confirmations.

Persons: Donald Trump, Kamala Harris, Joe Biden, Trump, Harris, —, Chuck Schumer, Biden, ”, “, Sen, Elizabeth Warren, Warren, Schumer, ” Schumer, irking Trump, ” Trump, ” Sen, Mazie Hirono, they’re, That’s, “ I’m, “ Hope she’s Organizations: Capitol, House, Senate, D.C, Biden, NBC News, Radical, Republican Senators, Trump, Republicans, Democrats, Appeals, White, Democratic, Dems Locations: Hawaii, California

Senate Democrats who pulled off victories even as President-elect Donald Trump won their states believe the Democratic Party can learn some lessons from their races as it grapples with losing control of Washington. Democrats still lost the Senate majority despite those victories, with Republicans flipping seats in Montana, Ohio and West Virginia. Democrats acknowledged Harris faced some headwinds in running a protracted campaign after taking over the ticket in late July. And while his party lost the White House, the House and the Senate, Schumer touted the Senate victories as more evidence that the party should be focused on the economy. Sometimes Democrats may be a little too solution-oriented, and people want to, first before you get to the solutions, hear empathy.

Persons: Donald Trump, “, ” Sen, Elissa Slotkin, Kamala Harris, ” Slotkin, Slotkin , Arizona Sen, Ruben Gallego, Nevada Sen, Jacky Rosen, Wisconsin Sen, Tammy Baldwin, Trump, Susan Collins, Rosen, Baldwin, Democratic Sen, Bob Casey, Dave McCormick, McCormick, Harris, ” Baldwin, he’s, ” Gallego, Chuck Schumer, Joe Biden, “ I’m, ” Schumer, Schumer, ” Organizations: Democratic Party, Democratic Senatorial, Democratic, Republican, Wisconsin, GOP, NBC News, Senate Locations: Washington, Michigan, Slotkin , Arizona, Nevada, Montana , Ohio, West Virginia, Pennsylvania, Arizona, ”

☆ Biden misses 'family photo' at his last G20 summit
▼ + stars: | 2024-11-19 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +3 min

The outgoing American leader arrived for a family picture with world leaders during his final Group of 20 summit Monday, only to find the photo had already been taken without him. Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and British Prime Minister Keir Starmer were among those who did make it, smiling and raising linked hands for the traditional summit set piece. One cameraman spotted him behind a nearby palm tree alongside Canadian Prime Minister Justin Trudeau and Italian premier Giorgia Meloni. Buda Mendes / Getty ImagesDuring the first session of the summit Sunday, Biden reflected on his impending departure from the White House. “As you know, this is my last G20 summit.

Persons: Joe Biden, Xi Jinping, Narendra Modi, Keir Starmer, “, weren’t, ”, Biden, Justin Trudeau, Giorgia Meloni, Trudeau, Meloni, Sergei Lavrov, ” Biden, Rio de Janiero, Buda Mendes, Donald Trump, Jon Organizations: Indian, British, U.S, Canadian, Russian, Sunday, African Union, European Union Locations: Rio de Janeiro, Italian, Rio de

☆ Ramaswamy's 'jackhammer and chain saw' plan to force federal workers back into the office.
▼ + stars: | 2024-11-19 | by ( Laura Strickler | Laura Strickler Is A Senior Investigative Producer | Reporter For Nbc News. She Is Based In Washington. | ) www.nbcnews.com time to read: +4 min

Vacant federal office space in downtown Washington is costly to maintain and a deep source of frustration to Mayor Muriel Bowser. She told reporters last week that she had requested a meeting with President-elect Donald Trump and that top on her agenda is pushing federal workers to return to downtown Washington. All told, the U.S. has roughly 2.2 million federal workers. With fewer people in the office, the cost of excess federal office space has become a concern. In 2004, a little over 750,000 federal workers were eligible to work from home.

Persons: WASHINGTON, Vivek Ramaswamy, Elon Musk's, Muriel Bowser, Donald Trump, ” Bowser, “, Ramaswamy, Tucker Carlson, ”, ” Ramaswamy, ” Jacqueline Simon, Musk’s, Kamil Krzaczynski, Simon, Joe Biden, George W, Bush Organizations: Management, American Federation of Government Employees, Bureau of Prisons, NBC, Patrol, Office, Republican, Republican National Convention, Getty, Education Department, OMB, Personnel Management Locations: Washington, ”, U.S, Milwaukee, AFP

☆ Ukraine launched its first deep ATACMS strike on Russia after getting US approval
▼ + stars: | 2024-11-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

AdvertisementUkraine fired US-made ATACMS missiles at Russia for the first time, Russia said. It's the first time Ukraine has used the weapons against Russia. Ukraine fired US-supplied ATACMS long-range missiles into Russia for the first time, marking a significant escalation in the war. It comes after President Joe Biden this week authorized the use of the powerful missiles by Ukraine in a major change in US policy. The move seemed a direct response to US approval for Ukraine to use US-made long-range missiles to attack Russia.

Persons: Joe Biden, Vladimir Putin Organizations: Ukraine, Army Tactical Missile Systems, Russian Ministry of Defense, Military Locations: Russia, Ukraine, Russia's Bryansk region, Russia's Bryansk

☆ Many women are unsure about Trump’s style and agenda. They voted for him anyway
▼ + stars: | 2024-11-19 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

But even with Trump’s gains among men, women still had greater leverage to decide the election’s outcome. Both the exit polls and VoteCast showed her winning 57% of white women with at least a four-year college degree. Solid majorities of Black, Latina and college-educated White women described Trump in the exit poll as “too extreme,” as did over two-fifths of the White women without a college degree. But among the White women without a college degree who described Trump as “too extreme,” almost 1 in 5 voted for him anyway. Though many women are expressing unease about mass deportation, Trump’s claim that immigrants are driving crime may provide him considerable leeway to pursue his agenda, particularly among the blue-collar White women who proved most receptive to that argument.

Persons: Donald Trump, Kamala Harris, Joe Biden’s, Harris, ”, Jenifer Fernandez Ancona, Trump, –, Biden, Joe Rogan, NORC, VoteCast, Harris’s, John Kerry, George W, Bush, White, Chip Somodevilla, Court’s Dobbs, Voters “, ‘, ’, pollster Nicole McCleskey, Dobbs, Harris ’, “, pollster Christine Matthews, Jackie Payne, ” Payne, Will Lanzoni, Bill Clinton, Robert F, Kennedy Jr, Mifepristone, Matthews, ambivalently, Tresa Undem, …, Trump’s, Fernandez Ancona, can’t, Hillary Clinton Organizations: CNN, Trump, Edison Research, AP, Gallup, Democratic, Biden, Santander Arena, Nationwide, Wall, White, Latina, Voters, Republican National Convention, Republican, GOP, Congressional, Republicans, White House, Trump ., Human Services Department, Pew Research Center, Pew, ” Locations: Michigan , Pennsylvania, Wisconsin, Reading , Pennsylvania, Michigan, Pennsylvania, Nebraska, Milwaukee , Wisconsin, America

☆ Kremlin brings up nuclear doctrine day after Biden's arms decision on Ukraine
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: +3 min

Changes to Russia's nuclear doctrine have been drawn up and will be formalized as necessary, the Kremlin said on Tuesday, signaling again Moscow's concern over the latest U.S. decision on missile strikes from Ukraine. The Kremlin called on Monday the reported decision by President Joe Biden's administration to allow Ukraine to fire American missiles deep into Russia reckless and it warned that Moscow will respond. Russia calls its war in Ukraine a special military operation, while Kyiv and its Western allies call it an unprovoked, imperialistic land grab. Western analysts have called the changes an escalation in Moscow's attempts to dissuade the West from expanding its military aid to Ukraine. The war in Ukraine has triggered the worst crisis in Moscow's relations with the West since the 1962 Cuban Missile Crisis.

Persons: Vladimir Putin, Dmitry Peskov, Joe Biden's, Volodymyr Zelenskyy, Putin, Peskov Organizations: Security, Kremlin, TASS, NATO, Reuters, Cuban Missile, Washington Locations: Constantine, Strelna, Saint Petersburg, Russia, Ukraine, Moscow, United States, The U.S, Korean, Washington, Kyiv

☆ Treasury yields fall amid rising Ukraine-Russia tensions
▼ + stars: | 2024-11-19 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

One basis point is equal to 0.01% and yields and prices move in opposite directions. ET, the yield on the 10-year Treasury was lower by 5 basis points at 4.365%. U.S. Treasury yields slid on Tuesday as tensions between Ukraine and Russia increased, while investors awaited new data. Bloomberg News also reported, citing RBC Ukraine, that Ukraine hit Russia with U.S.-made missiles for the first time. Yields have soared following the election with traders betting that Trump's pro-business policies and tax cuts will boost economic growth.

Persons: Vladimir Putin, —, Joe Biden, Trump's, Scott Bessent, Howard Lutnick, Trump, Elon Musk Organizations: Treasury, U.S, Bloomberg News, RBC Ukraine, Traders, Wall, US Treasury, ING, Key Square Group Locations: Ukraine, Russia, U.S, Trump's, Washington

☆ Global stocks drop amid heightened US-Russia tensions
▼ + stars: | 2024-11-19 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

CNN —Markets experienced volatility Tuesday as investors weigh mounting tensions between Russia and the United States. The turbulence comes after Moscow changed its nuclear doctrine following the Biden administration giving Ukraine permission to use longer-range weapons inside targets in Russia. The attack comes just two days after the Biden administration gave Kyiv the green light to use the longer-range American weapons against targets inside Russia. On Sunday, President Joe Biden authorized Ukraine to use the longer-range missiles inside Russia, ending a monthslong prohibition aimed to avoid drastically escalating the conflict. “In our view, the underlying trends for the equity market remain positive, but this news provides an excuse for the market to give back some of its rally,” said Keith Lerner, chief market strategist at Truist Advisory Services.

Persons: Dow, Biden, ”, Hogan, Joe Biden, Keith Lerner Organizations: CNN —, Nasdaq, Riley Wealth Management, Treasury, Russia’s Defense, Advisory Locations: Russia, United States, Moscow, Ukraine, “, Bryansk

☆ Trump urges Senate GOP to block Biden's last judicial nominees
▼ + stars: | 2024-11-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump on Tuesday pushed his fellow Republicans in the Senate to stop Democrats from confirming any more of President Joe Biden's judicial nominees. The Senate has confirmed 216 of Biden's nominees to the federal judiciary. Biden has put forward 261 total judicial nominees, the White House said in a Nov. 8 press release announcing his 56th round of hopefuls. Incoming Senate Majority Leader John Thune, R-S.D., told ABC News he would continue to bog down the nomination process. "I was on the Senate floor until almost midnight last night voting to confirm President Biden's judicial nominees," Sen. Patty Murray, D-Wash., wrote on X.

Persons: Donald Trump, Joe Biden's, Trump, Judge Embry Kidd, Biden, Chuck Schumer, Schumer, John Thune, Sen, Thune, Patty Murray, We'll, Murray, Kamala Harris, Susan Collins of, Lisa Murkowski Organizations: America, Policy, Tuesday, Senate, Radical, Republican, U.S ., Appeals, ABC News, Democrat, ABC, Republicans, GOP Locations: Palm Beach , Florida, U.S, Susan Collins of Maine, Alaska

CNN —President Vladimir Putin has updated Russia’s nuclear doctrine, two days after his US counterpart Joe Biden granted Ukraine permission to strike targets deep inside Russia with US-made weapons. Under the updated doctrine issued Tuesday, Moscow will consider aggression from any non-nuclear state – but with the participation of a nuclear country – a joint attack on Moscow. The Kremlin began this fresh round of nuclear saber-rattling Tuesday, saying the revised military doctrine would in theory lower the bar to first use of nuclear weapons. “An important element of this document is that nuclear deterrence is aimed at ensuring that a potential adversary understands the inevitability of retaliation in the event of aggression against the Russian Federation or its allies,” Peskov said. The change comes as the Kremlin responds to the Biden administration’s decision to allow Ukraine to use powerful long-range American weapons inside Russia, a move the Russian government has already signaled would be a dangerous escalation of the war in Ukraine.

Persons: Vladimir Putin, Joe Biden, Dmitry Peskov, ” Peskov, Biden Organizations: CNN, US, Russian Federation, Kremlin Locations: Ukraine, Russia, Moscow, Republic of Belarus, “, Russian

☆ Bitcoin edges higher as tensions mount between Ukraine and Russia
▼ + stars: | 2024-11-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Both stocks benefit from the trading of other, non-bitcoin assets across the crypto market. Bitcoin moved higher Tuesday even as other risk assets sold off amid rising geopolitical tensions between Ukraine and Russia. That drove bitcoin to fresh records and sent smaller crypto assets soaring. Like gold, crypto assets are seen by many investors as a "non-confiscatable," long-term hedge against geopolitical uncertainty. Citigroup, for example, in a note Monday reiterated the bank's view that bitcoin doesn't exhibit store-of-value properties.

Persons: Robinhood, cryptocurrency, Bitcoin, Vladimir Putin, Joe Biden, bitcoin, Matt Sigel, Sigel Organizations: Metrics, Investors, U.S, U.S ., Citigroup Locations: Coinbase, Ukraine, Russia, U.S

☆ The Biden administration is scrambling to send billions to chipmakers before Trump takes over
▼ + stars: | 2024-11-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Biden administration is trying to finalize CHIPS Act agreements before Donald Trump takes office. Locking in agreements could make it more difficult for the Trump administration if it decides to change course. The Biden administration is running out of time to finalize agreements that would secure billions in funding for US chipmakers. The Biden administration is working to finalize agreements before president-elect Donald Trump — who has criticized the CHIPS Act — takes office in January. However, she did not answer questions about whether Trump's approach to CHIPS Act funding could differ from that of the Biden Administration.

Persons: Biden, Donald Trump, Trump, Joe Biden, hasn't, Donald Trump —, Gina Raimondo, podcaster Joe Rogan, chipmakers, Mike Johnson, Karoline Leavitt, Vance, Jeff Koch, SemiAnalysis, Koch, Pat Gelsinger Organizations: US, Bloomberg, Commerce Department, BI, CNBC, Reuters, Commerce, Biden, Intel, The New York Times Locations: Taiwan

☆ Crude oil little changed after rallying on escalating Ukraine-Russia tensions
▼ + stars: | 2024-11-19 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Crude oil futures edged slightly lower on Tuesday, after rallying about 3% in the prior session on fears that the war between Ukraine and Russia is escalating. President Joe Biden has authorized Ukraine to use long-range missiles to hit targets in Russia in a major departure from Washington's previous position, according to media reports. ET:Stock market futures fell on the growing geopolitical tensions, with Dow futures down more than 200 points. President-elect Donald Trump campaigned on ending the war in Ukraine. Moscow's full-scale invasion of Ukraine roiled global energy markets in 2022 as European nations sought to end their dependence Russian natural gas.

Persons: Joe Biden, Vladimir Putin, Donald Trump Organizations: Dow Locations: Ukraine, Russia, Moscow's

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