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☆ How the Red Sea crisis could clobber the global economy
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.

Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, ”, ” It’s, Abercrombie &, Nathan Howard, “, ” Philip Damas, —, Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, ”, China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey

☆ Biden December fundraising blitz to star James Taylor, Spielberg
▼ + stars: | 2023-12-05 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

[1/3] U.S. President Joe Biden speaks during a reception at the White House ahead of the 46th Kennedy Center Honors gala, in Washington, U.S. December 3, 2023. "We're putting in the work across our fundraising program and look forward to again outperforming the MAGA field," Biden campaign spokesperson Kevin Munoz said. Next week, Biden will raise money in Pennsylvania and Maryland with the states' Democratic governors Josh Shapiro and Wes Moore. Recent polling has shown the GOP frontrunner leading Biden in hypothetical matchups in key swing states and on the national level. Hollywood and the entertainment industry overall lean Democratic, at least when it comes to fundraising, according to OpenSecrets, which tracks campaign contributions.

Persons: Joe Biden, Nathan Howard, Biden, James Taylor, Stephen Spielberg, Rob Reiner, Michael Smith, James Costos, Barack Obama's, Lenny Kravitz, Wendy Schmidt, Eric Schmidt, Rick Caruso, Robert Tuttle, outperforming, MAGA, Kevin Munoz, Josh Shapiro, Wes Moore, Kamala Harris, Gretchen Whitmer, Alex Padilla, Julie Chavez Rodriguez, Donald Trump, Charles Koch's, Nikki Haley, Miriam Adelson, ouptaced Trump, Jarrett Renshaw, Heather Timmons, Bill Berkrot Organizations: White, 46th Kennedy Center, REUTERS, Democratic, Reuters, HBO, Los, Biden, Super, Trump, Democratic Party, Republican, Democratic National Committee, Hollywood, Thomson Locations: Washington , U.S, Boston, California, Los Angeles, Spain, Pennsylvania, Maryland, Michigan, Alex Padilla of California

☆ CNBC Daily Open: The Moody’s downgrade was a non-event
▼ + stars: | 2023-11-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

In this article AMZNDISGSNFLXENR-DEXOM Follow your favorite stocks CREATE FREE ACCOUNTThe US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors, focused on the week ahead, are already shrugging off bad news from last week. On Friday, Moody's Investors Service cut its ratings outlook on the U.S. government from stable to negative.

Persons: Nathan Howard, Joe Biden, Xi Jinping, Fitch, Treasurys, There's, Michael Reynolds, Goldman Sachs, Peter Oppenheimer, Jeff Cox Organizations: Treasury, Bloomberg, Getty, CNBC, U.S, Investors, Moody's, Service, Poor's, Glenmede Investment Management, Dow Jones, Nasdaq, Reserve Locations: Washington , DC, Israel, U.S

☆ US Congress tries to overcome partisan logjam to avert government shutdown
▼ + stars: | 2023-11-14 | by ( David Morgan | ) www.reuters.com time to read: +5 min

REUTERS/Nathan Howard/File Photo Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - U.S. House Speaker Mike Johnson's plan to avert a government shutdown faces a key test on Tuesday, as he tries to overcome hardline opposition from his own Republican conference, even as some Democrats signal tentative support for the measure. Senate Majority Leader Chuck Schumer, Congress' top Democrat, gave a tentative welcome to the proposal on Monday. But House Republican hardliners are threatening to use procedural roadblocks to stop the bill from advancing. With a slim 221-213 majority, the Republican speaker can afford to lose no more than three party votes on legislation that Democrats oppose. They claim the bill also leaves in place policies favored by prominent Democrats including Senate Majority Leader Chuck Schumer and Representative Nancy Pelosi, the former House speaker.

Persons: Mike Johnson, Nathan Howard, Mike Johnson's, Johnson, Joe Biden, Chuck Schumer, Schumer, Chip Roy, Roy, bipartisanship, Nancy Pelosi, Nancy Pelosi's, Andrew Clyde, Biden, McCarthy, David Morgan, Moira Warburton, Scott Malone, Richard Chang Organizations: U.S, Capitol, REUTERS, Rights, ., Republican, Democratic, Republicans, Food and Drug Administration, House, Social Security, Total U.S, Thomson Locations: Washington , U.S, Mexico

☆ Top Biden Officials Press Congress for More Economic Aid to Ukraine
▼ + stars: | 2023-11-07 | by ( Andrew Duehren | ) www.wsj.com time to read: +1 min

From left, Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, Defense Secretary Lloyd Austin and Agency for International Development Administrator Samantha Power wrote a letter asking for $11.8 billion in aid to Ukraine. Photo: Jonathan Ernst/Press Pool; Ronda Churchill/Bloomberg News; Nathan Howard/AP; Alex Wong/Getty ImagesWASHINGTON—Biden administration officials are pressing Congress to approve more economic aid to Ukraine, trying to overcome growing Republican opposition to financial support that has stabilized the Ukrainian economy after Russia’s invasion. In a letter sent to Capitol Hill, four top Biden administration officials urged lawmakers to provide $11.8 billion in direct budget support to Kyiv to help pay its day-to-day bills. While Republicans are divided over whether to supply Ukraine with more materiel, there is broad skepticism within the GOP over offering more economic aid.

Persons: Antony Blinken, Janet Yellen, Lloyd Austin, Samantha Power, Jonathan Ernst, Nathan Howard, Alex Wong, WASHINGTON — Biden Organizations: Agency for International, Ronda Churchill, Bloomberg, Getty, WASHINGTON, Capitol, Biden, Republicans Locations: Ukraine, Ronda, Kyiv

☆ As shutdown looms, US House Republicans search for stopgap solution
▼ + stars: | 2023-11-07 | by ( David Morgan | ) www.reuters.com time to read: +4 min

House Speaker Mike Johnson, the top Republican in Congress, described the closed-door debate as "positive." House Republicans are focused on passing full-year appropriations bills for transportation, housing, urban development and financial services. The chamber has passed seven partisan Republican bills of the 12 spending measures needed. "What we need is bipartisan solutions," Representative Pete Aguilar, chair of the House Democratic conference, told reporters. Another option on the House Republican table would be to negotiate with the Democratic-led Senate on a "clean" CR that can pass both chambers quickly.

Persons: Mike Johnson, Nathan Howard, Everybody's, Brian Babin, Johnson, Dusty Johnson, Pete Aguilar, Eli Crane, Crane, Mike Garcia, David Morgan, Scott Malone, Stephen Coates, Leslie Adler Organizations: Republican, U.S, Capitol, REUTERS, Rights, . House, Democratic, Republicans, Democrats, Internal Revenue Service, House Democratic, Social Security, Thomson Locations: Washington , U.S, Israel, Ukraine, Mexico

☆ US Republicans expect no votes on stopgap this week as shutdown looms
▼ + stars: | 2023-11-07 | by ( David Morgan | ) www.reuters.com time to read: +3 min

One lawmaker said a Republican policy of waiting three days before voting on legislation left little time to act this week. House Republicans are due to focus the agenda for the week on passing their own partisan appropriations bills for 2024. The Senate has passed three appropriations bills in a package known as a minibus. While the Senate legislation enjoys strong bipartisan support, the House has passed only partisan Republican measures opposed by Democrats. Only one category of appropriations legislation, covering military construction and veterans benefits, has passed both chambers in markedly different forms.

Persons: Mike Johnson, Nathan Howard, Joe Biden, David Morgan, Stephen Coates Organizations: Republican, U.S, Capitol, REUTERS, Rights, . House, Representatives, Republicans, Democratic, Democrats, Thomson Locations: Washington , U.S, Israel, Ukraine

Twelve Democrats voted with 214 Republicans for the bill, and two Republicans joined 194 Democrats in objecting. Republicans have a 221-212 majority in the House, but Biden's fellow Democrats control the Senate 51-49. To become law, the bill would have to pass both the House and Senate and be signed by Biden. The nonpartisan Congressional Budget Office on Wednesday said the IRS cuts and Israel aid in the House bill would add nearly $30 billion to the U.S. budget deficit, currently estimated at $1.7 trillion. After the vote, Johnson urged the Senate and White House to quickly approve the bill.

Persons: Mike Johnson, Joe Biden, Chuck Schumer, Biden, Schumer, Kay Granger, Nathan Howard, Rosa DeLauro, Johnson, Patricia Zengerle, Makini Brice, Scott Malone, Mark Porter, Alistair Bell, Chris Reese Organizations: U.S . House, Republican, Internal Revenue, Republicans, Israel, Internal Revenue Service, Democratic, Senate, U.S, Capitol, REUTERS, White, Twitter, Thomson Locations: Israel, Iran, Ukraine, Taiwan, Washington , U.S, Gaza City, Kyiv, U.S, Mexico

☆ US House Speaker Johnson to bring Israel bill to floor despite deficit risk
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Nathan Howard/File Photo Acquire Licensing RightsWASHINGTON, Nov 1 (Reuters) - U.S. House of Representatives Speaker Mike Johnson said on Wednesday he plans to hold a vote on a standalone Israel aid bill despite a Congressional Budget Office report showing it could increase the federal deficit. In the first major legislative action under Johnson, House Republicans unveiled their bill on Monday seeking to provide $14.3 billion for Israel by cutting Internal Revenue Service (IRS) funding. The House could vote on the bill and pass it with Republican support as soon as Thursday. The non-partisan Congressional Budget Office (CBO) said on Wednesday that the IRS cuts and the Israel aid in the standalone bill would add nearly $30 billion to the U.S. budget deficit, currently estimated at $1.7 trillion. To become law, any legislation must pass the House, the Senate and be signed into law by Biden.

Persons: Mike Johnson, Nathan Howard, Johnson, Joe Biden's, Josh Hawley, " Johnson, Biden, Johnson's, Chuck Schumer, David Morgan, Patricia Zengerle, Dan Whitcomb, Katharine Jackson, Scott Malone, Rod Nickel Organizations: U.S, Capitol, REUTERS, Rights, . House, House Republicans, Revenue Service, Democratic, White, Israel, Kyiv, Fox News, Office, CBO, Senate, Democrat, Thomson Locations: Washington , U.S, Israel, China, Ukraine, Iran, Gaza, East

☆ Influencer model infects US political fundraising
▼ + stars: | 2023-10-27 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

In turn, leaders like former Democratic House Speaker Nancy Pelosi or Republican Speaker Paul Ryan collected tens of millions of dollars to divert to politically valuable campaigns elsewhere in the party. Florida Republican Matt Gaetz has raised nearly $2 million this year, helped by fundraising emails sent in the lead-up to his successful effort to remove Republican Representative Kevin McCarthy as House speaker. Vocal conservatives Marjorie Taylor Greene and Lauren Boebert have raised $2.7 million and $2.4 million, respectively, for their 2024 House campaigns. McCarthy raised 2.9% of House Republicans’ cash in the 2022 elections. Republican Representative Garret Graves criticized Representative Matt Gaetz on Oct. 3 for using his vote to oust House Speaker Kevin McCarthy as a fundraising opportunity.

Persons: Mike Johnson, Nathan Howard, –, Nancy Pelosi, Paul Ryan, Florida Republican Matt Gaetz, Kevin McCarthy, Alexandria Ocasio, Cortez, Marjorie Taylor Greene, Lauren Boebert, McCarthy, John Boehner, Taylor, Garret Graves, Matt Gaetz, Graves gestured, Gaetz, ” Gaetz, Lauren Silva Laughlin, Sharon Lam Organizations: Republican, U.S, Capitol, REUTERS, Rights, Reuters, Representatives, Democratic, Florida Republican, Republicans, U.S . House, Thomson Locations: Washington , U.S, Florida, U.S

☆ Can Speaker Mike Johnson Govern?
▼ + stars: | 2023-10-26 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Rep. Mike Johnson (R-La.) on Wednesday Photo: nathan howard/ReutersAfter three weeks of pointless but embarrassing intrigue, House Republicans finally hit on a consensus nominee for Speaker. Congratulations to 51-year-old Louisiana Rep. Mike Johnson , who with a 220-209 vote Wednesday won the unenviable job of herding the cats, snakes and peacocks in the GOP menagerie. The question is whether the Republican malcontents will let him govern in a way they refused his deposed predecessor, Kevin McCarthy. Government funding expires Nov. 17, and America’s friends in Israel, Ukraine and Taiwan need military help to defend themselves.

Persons: Mike Johnson, nathan howard, Republican malcontents, Kevin McCarthy Organizations: Reuters, Republicans, Louisiana Rep, Wednesday, GOP, Republican Locations: Louisiana, Israel, Ukraine, Taiwan

☆ Republican US Rep. Emmer drops out of race for House speaker -media
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: 1 min

House Majority Whip Tom Emmer (R-MN) departs from a House Republican meeting to discuss possible new candidates to lead them as speaker at the Longworth House Office Building in Washington, U.S., October 23, 2023. REUTERS/Nathan Howard Acquire Licensing RightsWASHINGTON, Oct 24 (Reuters) - U.S. Representative Tom Emmer, the No. 3 Republican in the House, has dropped out of the race to become speaker, hours after being nominated for the position, according to media reports on Tuesday. Reporting by Costas Pitas and Katharine Jackson; editing by Dan WhitcombOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Emmer, Nathan Howard, Costas Pitas, Katharine Jackson, Dan Whitcomb Organizations: Republican, REUTERS, Rights, Thomson Locations: Longworth, Washington , U.S

☆ Nine Republicans are vying to become the next House speaker. These are the candidates
▼ + stars: | 2023-10-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +9 min

Interim House Speaker Patrick McHenry of North Carolina said he wants the nominee to face a House vote as soon as Tuesday. His failure came after the party's original nominee, House Majority Leader Steve Scalise of Louisiana, bowed out of the race because he could not secure enough GOP votes. Meuser said Monday whoever wins the nomination needs to ensure that speaker's office is inclusive so the narrow GOP majority remains unified. The Pennsylvania Republican told Fox Business that Republicans' failure to elect a speaker has made the party "part of the dysfunction of Washington." US House Of Representatives | via ReutersRep. Gary Palmer is chairman of the House Republicans' policy committee.

Persons: Tom Emmer, Amanda Andrade, Jim Jordan's, Joe Biden, Patrick McHenry of, Jordan, Steve Scalise, Scalise, Hakeem Jeffries, Austin Scott of, Joe Biden's, Donald Trump's, Nathan Howard, Kevin McCarthy of California, McCarthy, Emmer, Austin Scott, Jim Jordan, Kevin Lamarque, Scott, Austin, he's, Jack Bergman, Bergman, Byron Donalds, Donalds, Jon Cherry, Kevin Hern, Evelyn Hockstein, Kevin Hern of, Hern, Mike Johnson, Patrick Semansky, Johnson, Dan Meuser, Alexander Drago, Meuser, Gary Palmer of, Gary Palmer, Palmer, Pete Sessions, Texas Eric Thayer Organizations: Sports, Capitol, Rhoades, Reuters, Ohio Rep, House Republicans, GOP, Interim, Republicans, Democrats, Republican, Minnesota U.S, Getty, NBC News, Minnesota Republican, Austin Scott of Georgia U.S . Rep, U.S . House, Representatives, Reuters Rep, Ohio Republican, Georgia Republican, Michigan Rep, Marine Corps, Washington, Michigan Republican, Florida U.S . Rep, U.S, Caucus, Florida Republican, Oklahoma Rep, Fox News, Oklahoma Republican, Louisiana Rep, House Republican Conference, AP, Louisiana Republican, Marriott, Navy, Pennsylvania Republican, Fox Business, Gary Palmer of Alabama Republican U.S . Rep, Alabama Republican, Pete Sessions of Texas Rep, Bloomberg Locations: Washington, Israel, Ukraine, Patrick McHenry of North Carolina, Louisiana, lockstep, New York, Minnesota, Austin Scott of Georgia, Arizona, Pennsylvania, Washington , DC, Florida, Kevin Hern of Oklahoma, America, Gary Palmer of Alabama, Texas

☆ After a summer of Barbenheimer and Beyoncé, can US consumers still afford the holiday season?
▼ + stars: | 2023-10-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances brought concerts into new Eras. However, it also could mean that holiday spending just might look a little different and skewed more toward experiences than it has done in past years. Respondents to KPMG’s 2023 holiday survey said they plan to spend 5% more this season, said Matt Kramer, KPMG’s consumer and retail national sector leader. “What stands out the most is this ‘leaning in’ to holiday travel and wanting to have those experiences with friends and family,” he said. A more comprehensive look at consumer spending will come at the tail end of the month when the Personal Consumption Expenditures data is released.

Persons: Barbenheimer, Everybody, ”, Keith Gentili, ” Taylor Swift, Allen J, “, Ted Rossman, that’s, ’ ”, aren’t, Matt Kramer, Tamara Charm, Elijah Nouvelage, Patrick T, Fallon, Gus Faucher, Nathan Howard, Nancy Vanden Houten, ’, ” Rossman, Matt Schulz Organizations: Minneapolis CNN —, New Hampshire, Los Angeles Times, Getty, Bankrate, McKinsey, Travelers, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Commerce, Apple, PNC Financial Services, Shoppers, canaries, LendingTree Locations: Minneapolis, New, Inglewood , California, splurge, ’, Los Angeles, AFP, Georgetown, Washington, what’s, Oxford

☆ California player wins $1.77 billion Powerball jackpot, second largest in history
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - A single-ticket holder from California was the sole winner of an estimated $1.77 billion Powerball drawing on Wednesday night, in the second-largest lottery jackpot in history, the lottery game's website said early Thursday. Final ticket sales pushed the jackpot beyond its advertised estimate of $1.73 billion to $1.77 billion at the time of drawing. Powerball tickets are seen at a liquor store, in Washington, U.S., July 19, 2023. Wednesday's purse falls just short of the $2.04 billion Powerball jackpot won by a single-ticket holder in California in November 2022. Powerball tickets, which cost $2 each, are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Persons: Nathan Howard, Brendan O'Brien, Chandni Shah, Abinaya, Jonathan Oatis, Gerry Doyle Organizations: REUTERS, U.S . National Weather Service, of Columbia, U.S ., Florida Lottery, Thomson Locations: California, Washington , U.S, of Columbia , Puerto Rico, U.S, U.S . Virgin Islands, Tallahassee, Chicago, Bengaluru

☆ Powerball jackpot hits $1.73 billion, second largest in history
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Powerball tickets are seen at a liquor store, in Washington, U.S., July 19, 2023. REUTERS/Nathan Howard/File Photo Acquire Licensing RightsOct 11 (Reuters) - An estimated $1.73 billion is up for grabs in the multistate Powerball drawing on Wednesday night, the second-largest lottery jackpot in history. The drawing, set for 11 p.m. (0300 GMT on Thursday), is the 36th since a Powerball player hit the jackpot three months ago. Wednesday's purse falls just short of the $2.04 billion Powerball jackpot won by a single-ticket holder in California in November 2022. Powerball tickets, which cost $2 each, are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Persons: Nathan Howard, Brendan O'Brien, Jonathan Oatis Organizations: REUTERS, U.S . National Weather Service, of Columbia, U.S ., Florida Lottery, Thomson Locations: Washington , U.S, California, of Columbia , Puerto Rico, U.S, U.S . Virgin Islands, Tallahassee, Chicago

☆ Arab League chief heads to Moscow for talks after Hamas attack on Israel
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

Arab League Secretary-General Ahmed Aboul Gheit speaks alongside U.S. Secretary of State Antony Blinken during a press appearance at the State Department in Washington, U.S., July 19, 2023. REUTERS/Nathan Howard/File Photo Acquire Licensing RightsMOSCOW, Oct 8 (Reuters) - Arab League Chief Ahmed Aboul Gheit headed to Moscow on Sunday for talks with Russian Foreign Minister Sergei Lavrov on the situation in Gaza after Palestinian Islamist group Hamas launched the biggest attack on Israel in years. After Hamas's attack on Saturday, Russia expressed grave concern, calling on both Palestinian and Israeli sides to cease violence and blamed the West for blocking the Middle East Quartet. Moscow said that a proper negotiation was necessary to provide for the creation of an independent Palestinian state within the borders of 1967 with a capital in East Jerusalem. Reporting by Guy Faulconbridge; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: General Ahmed Aboul Gheit, Antony Blinken, Nathan Howard, Ahmed Aboul Gheit, Sergei Lavrov, Aboul Gheit, Hosni Mubarak’s, Moscow, Maria Zakharova, Guy Faulconbridge, Toby Chopra Organizations: Arab, U.S, State Department, REUTERS, Rights, Arab League, Russian, Hamas, Quartet, UN, Security Council, Middle, EU, Foreign, Thomson Locations: Washington , U.S, Moscow, Gaza, Israel, Cairo, Russia, East Jerusalem, United States

☆ Key Republican backs Biden nominee to head FAA
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Senator Ted Cruz (R-TX) departs the U.S. Capitol building on Capitol Hill in Washington, U.S., April 26, 2023. REUTERS/Nathan Howard/ File Photo Acquire Licensing RightsWASHINGTON, Oct 5 (Reuters) - A key Senate Republican said Thursday he plans to support the White House nominee to head the Federal Aviation Administration (FAA) as the agency addresses a series of near-miss incidents and air traffic controller staffing shortages. "The FAA is in desperate need of independent leadership willing to challenge the status quo," said Senator Ted Cruz, the top Republican on the Senate Commerce Committee in a statement to Reuters. He said Whitaker "has expressly committed to focus on the FAA's primary responsibility, which is ensuring the safety of our national aerospace." Reporting by David Shepardson Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Ted Cruz, Nathan Howard, Joe Biden, Michael Whitaker, Barack Obama, Whitaker, David Shepardson, Bernadette Baum Organizations: U.S . Capitol, REUTERS, Rights, Republican, White House, Federal Aviation Administration, Hyundai, FAA, Senate, Reuters, Thomson Locations: Washington , U.S, KS

☆ At Rosemead High, generations of students were harassed or groomed for sex as they tried to get an education
▼ + stars: | 2023-10-03 | by ( Matt Drange | ) www.businessinsider.com time to read: +87 min

Students were regularly subjected to sexual harassment by Hall, two former students told me. “I feel like so many of us were victims to the culture,” one former Rosemead student told Insider. Manipulation by a trusted adult has been passed like a virus to generations of Rosemead students. AdvertisementThe Shops at Santa Anita in Arcadia have long been a local haunt for Rosemead High students. We wondered aloud whether Masiello had harassed our mother the same way he'd done to generations of Rosemead students.

Persons: Clara didn't, She'd, Alex Rai, Eric Burgess, Burgess, Rai, Clara, they'd, Rai texted, she'd, who'd, Mark Abramson, Rai didn't, Leonard Levine, — I'm, Alex Rai wasn't, wouldn't, Rosemead, RubyAnna Sare, Sare, Harlan Mayne, Mayne, Dwain Crum, he'd, colluded, Crum, Robin Torres, Torres, Edward Zuniga, Zuniga, Paul Arevalo, Kristy, Jim Hall, Hall, groped, Angela, Diane Bladen, Bladen, Michael Sullivan, Sullivan, Denton Todd, Todd, Barbara, Arevalo, Barbara said, Matt Drange, Andrew Dalton, Dalton, ” Mark Abramson, I've, Will, Suzy, Carly Sanchez, Sanchez, aren't, —, David Pitts —, Pitts, Cindy, Scriabin, David Pitts, couldn't, That's, G, You'd, It's, Wing Chan, Chan, Louis Vuitton, Justin Rosien, Rosien, Rosien texted, cringed, Jim Hall's, Don Masiello, Paul Arevalo's, Sergio Caveyo, Caveyo, Brian Day, Alex, messaged, Brian Aliff, Aliff, Nichole, I'd, scoot, Michelle, Michelle's, Michelle didn't, Sarah, Brian Bristol, didn't, Nichole's, Weeks, Herbert Ortiz, Jaime, Ortiz, Richard Daniels, Daniels, Fidel Dominguez, Rosemead High's, Larry Callaham, Masiello, Jan Herzog, Herzog, Justin Fregoso, James Eder, Fregoso, me Eder, Eder, they've, Anne Bazile, Bazile, Unbeknownst, Arevalo —, Jonathan Howard, Credentialing, Howard, Elaine Rose, Rose, El Monte Union High School District Arevalo, he's, José Gallegos, Gallegos, Billie, Jo Grant, Grant, Michael Cohen, Cohen, Santa Claus, Oz, California's, haven't, Lupe Nieves, Nieves, reenacted, faxed, Harold Greenberg, Dan Morris, Morris, Alex Valdez, J, Valdez, alums, Heidi, Guillermo, she's, Clara wasn't, Mark Matthews, Matthews, Rai groped, Janine Salanitro, Zuniga hasn't, Felipe Salazar, Salazar, Andrew Dalton's, Matt Drange’s Organizations: Business, Rosemead High School, Rosemead High, Rosemead, El Monte Union High School District, Sheriff's Department, TA, El Monte Union High School, X's, Ford, Business Insider, Casa del Rey, Nissan, Nike, Bristol, Arroyo High School, High School, Los, Los Angeles County Sheriff's Department, Perris High School, of Education, Angeles County Sheriff's Department, California, California Department of Education, Monte Union High School, Valdez, Gabrielino, Rai, Los Angeles County Sheriff's, Temple City Locations: Southern California, Rosemead, San Gabriel Valley, San Gabriel, Los Angeles, Huntington Beach, Pasadena, Bladen, California, Arevalo, Utah, Santa, Arcadia, Beverly Hills, Burgess, Bristol, Arroyo, Perris, California's, Angeles, Cindy's, Los Angeles County, Temple

☆ Who leads the House now? The top Republicans who could be the next House speaker.
▼ + stars: | 2023-10-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementFor the first time in American history, House lawmakers have ejected the Speaker of the House from power. 3 House Republican and formerly led the House GOP's campaign arm. Donalds, who is not in House leadership, did not speak on the floor before the historic vote. She was catapulted into House leadership after Republicans booted then-Rep. Liz Cheney from her post as the N0. Once a more liberal Republican, Stefanik has become one of the biggest Trump supporters in the entire House Republican conference.

Persons: Kevin McCarthy, —, Matt Gaetz's, McCarthy, Tom Emmer, Steve Scalise, Elise Stefanik, Here's, Minnesota Republican Nathan Howard, Andy Biggs, Anna Moneymaker, Scalise, Byron Donalds Rep, Byron Donalds of, Michael M, Donalds, Ron DeSantis, Jim Jordan Rep, Jim Jordan, Drew Angerer, Jordan can't, Jordan, Joe Biden, Andrew Harnik, Donald Trump's, Liz Cheney, Donald Trump, Stefanik, Kevin McCarthy Kevin McCarthy Drew Angerer, he's, Gaetz, Trump, There's, Aaron Sorkin's Organizations: Service, Minnesota Republican, Getty, Republican, Politico, Caucus, Washington Post, GOP, Louisiana Republican, Congressional, Florida Republican, Florida, Gov, Ohio Republican, The Ohio Republican, New York Republican, Republicans, Trump, Capitol Locations: Minnesota, Louisiana, Byron Donalds of Florida, Ohio, Washington

☆ Loan approval: Why has it gotten so much harder?
▼ + stars: | 2023-09-22 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Magnusson said that while she used USAA for a personal loan in the past, this time, the process felt very different. Lately, it may take more than just a good credit score for many people to get approved for a loan. Deutsche Bank recently told investors that bank lending conditions look “consistent with recession levels,” even though the US is not currently in a recession. Magnusson said she was “in tears” after spending hours on the phone with USAA to secure the loan over multiple days. McBride said that although loan application rejections are up and standards are tougher, getting a loan is still possible for those with good credit.

Persons: Cheryl Magnusson, Magnusson, “, USAA, ”, Greg McBride, —, ” McBride, Nathan Howard, McBride, William Brown, Brown, we’ve, ” Brown, “ I’ve, I’ve, Darlene Johnson, ” Johnson, Scott Olson Organizations: CNN, Federal Reserve Bank of New, Consumer, Deutsche Bank, Eccles Federal Reserve, Bloomberg, Getty, Silicon Valley Bank, Signature Bank, Navy, Suncoast Credit Union, Suncoast, Mortgage Bankers Association, Federal Reserve Locations: Arizona, Washington , DC, Silicon, Florida, Hawthorn Woods , Illinois

☆ US lawmaker to urge chip industry group to reduce China investments -source
▼ + stars: | 2023-09-19 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Nathan Howard/File Photo Acquire Licensing RightsSept 19 (Reuters) - The chair of the U.S. House of Representatives' committee on China is planning to meet with a semiconductor industry group to express concerns over U.S. investments in China's chip industry, according to a source familiar with the matter. The group represents major chip firms such as Nvidia (NVDA.O) and Intel (INTC.O), whose sales to China have been affected by recent changes in U.S. export rules. The source added that Gallagher also aims to talk with the group about reducing the number of semiconductor manufacturing machines that could be sent to China. Also among the planned discussion topics is U.S. investment in Chinese chip firms, according to the source. A representative for the Semiconductor Industry Association declined to comment.

Persons: Mike Gallagher, Nathan Howard, Biden, Gallagher, Stephen Nellis, Nick Zieminski, Rosalba O'Brien Organizations: Republican U.S . Rep, U.S, Capitol, REUTERS, U.S . House, Representatives, Republican, Semiconductor Industry Association, Nvidia, Intel, Qualcomm, San, Thomson Locations: Washington , U.S, China, San Francisco

☆ How the airline boarding process became such a mess
▼ + stars: | 2023-09-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

And airlines have made it chaotic by design — so people will pay to get an easier boarding process. Decades ago, airlines used to board first class and use an open boarding process for the main cabin. A better boarding processAirlines have been experimenting with different boarding schemes to try to speed up the process. Jason Steffen, a University of Nevada, Las Vegas physics professor developed a boarding method that boards passengers in rows of two. Southwest Airlines has the fastest boarding process of any major airline by simply allowing people to claim the first available seat.

Persons: New York CNN —, Don’t, Nathan Howard, it’s, you’ve, ”, Henry Harteveldt, Robert Mann, Nicolas Economou, Harteveldt, Massoud Bazargan, Jeffrey Greenberg, ” Bazargan, Aircrafts, —, Wilma, Jason Steffen, Charlie Riedel, Steffen, “ Organizations: New, New York CNN, Atmosphere Research, Carriers, Airlines, Embry, Riddle Aeronautical University, Universal, Transportation Department, Companies, University of Nevada, Southwest Airlines Locations: New York, Daytona Beach , Florida, Las Vegas

☆ Israel president urges leaders to seize moment to end judicial crisis
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

[1/3] Israeli President Isaac Herzog meets with U.S. Vice President Kamala Harris in her ceremonial offices at the Eisenhower Executive Office Building in Washington, U.S., July 19, 2023. REUTERS/Nathan Howard/File Photo Acquire Licensing RightsJERUSALEM, Sept 5 (Reuters) - Israel's President Isaac Herzog on Tuesday urged Prime Minister Benjamin Netanyahu and his political rivals to reach a compromise that would end the judicial crisis just a week ahead of a crunch court hearing. "There are moments in such a crisis when leadership must seize the rare opportunity in order to reach out and come to an agreement. Justice Minister Yariv Levin, the driving force behind the judicial overhaul, dismissed the reports as "trial balloons", in an interview to Army Radio and said it would be wrong for the Supreme Court to intervene in the judicial legislation. The Supreme Court is set to hear a series of appeals this month by lawmakers and watchdogs that challenge some of the government's judicial measures.

Persons: Isaac Herzog, Kamala Harris, Nathan Howard, Benjamin Netanyahu, Herzog, Netanyahu, Yariv Levin, Maayan Lubell, Alison Williams Organizations: U.S, Eisenhower, REUTERS, Rights, Tuesday, Netanyahu's, Likud, Army Radio, Thomson Locations: Washington , U.S

☆ CNBC Daily Open: With such high yields, why buy stocks?
▼ + stars: | 2023-08-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. That's called the equity risk premium, a return that's supposed to compensate stock investors for the chance that they might lose money. Another potential issue that could crop up with high Treasury yields is that it could make the Federal Reserve's job tougher. It wasn't a surprise, then, that stock markets fell Tuesday.

Persons: Nathan Howard, Tesla, Anwar Ibrahim, CNBC's Martin Soong, That's, yield's, Rupert Thompson, Cash, Bob Pisani, it's, Torsten Slok, Adam Turnquist, Ed Yardeni Organizations: Treasury, Bloomberg, Getty, CNBC, Nasdaq, Japan's Nikkei, Malaysia, country's, Vehicle Global, Analysts, International Atomic Energy Agency, Kingswood Group, Dow Jones Industrial, Nvidia, LPL, Yardeni Locations: Washington , DC, Asia, Pacific, Shanghai, Malaysia, California, China, Tokyo

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