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☆ Harris and Trump face off for the first time tonight, but some corners of the business world are already over it
▼ + stars: | 2024-09-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Business Insider's Brent D. Griffiths has a rundown on everything you need to know heading into tonight . A newly released Times/Siena poll shows Trump holding just a one-point advantage over Harris among likely voters. For Trump, the focus will likely be the economy, which is a high priority for voters and also a sore spot for Harris. The latest Times poll showed Trump (55%) held a big advantage over Harris (42%) regarding who would be better equipped to handle the economy. Trump will also likely target Harris' biggest vulnerabilities , which may include trying to define her shifting views as disingenuous flip-flops, Brent writes.

Persons: —, he'll, it's, Jose Luis Pelaez, Michael Ciaglo, Getty, Tom Williams, Tyler Le, Kamala Harris, Donald Trump, Insider's Brent D, Griffiths, Harris, BI's John L Dorman, Trump, Brent, Jenny Chang, Rodriguez, BI's Bradley Saacks, It's, BI's Alice Tecotzky, Sébastien Thibault, Goldman Sachs, Torsten Sløk, Anson Chan, Brian Niccol, hasn't, Putin, Andrew Cuomo, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Elon, Business, Jose Luis Pelaez Inc, Trump, BI Bitcoin, Arab League Locations: Philadelphia, Siena, Silicon Valley, China, America, Russia, Ukraine, Cairo, Israel, Gaza, New York, London

☆ The US Air Force's potential shift to adaptable 'light fighters' to solve budget woes is more complicated than it seems
▼ + stars: | 2024-09-03 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +32 min

US Air Force photo illustration by Staff Sgt. The Air Force needs new missiles, new bombers, and new fighters — but is struggling to pay for them allThe B-21 Raider in flight at Edwards Air Force Base, California. Cultural inertia in the fighter businessUS Air Force fighter aircraft fly in formation. A rendering of a future crewed next-generation air dominance aircraft by the US Air Force Research Laboratory. Nonetheless, for a cash-strapped Air Force, this would be a significant challenge.

Persons: David Allvin, Parth Satam, Allvin, Madeline Herzog, that's, it's, Will Roper, I'm, Charles, CQ, Brown, Preston Cherry, America's, Lockheed Martin, Northrop Grumman, Marine Corps Lockheed Martin, Peter Nicholls, —, Danielle Purnell, Frank Kendall, Tom Williams, Will Roper's, Kendall —, I've, Kendall, there's, Northrop Grumman's, Roper, Giancarlo Casem, today's, they've, wouldn't, John Raven, James M, Holmes, we've Organizations: Service, senior Air Force, Air Force, Global Air, Space Chiefs, Conference, UK's, Space Power Association, Business, Fighter, US Air Force, Force, American, Next, Sabre, Convair, Delta Dart, Rand Corporation, National Museum of, Staff, Joint Chiefs, Raptors, Royal Norwegian Air Force, Senior, Boeing, Lockheed, US, Marine Corps Lockheed, Royal International Air, Reuters, Getty, Capitol, Raider, Air, Edwards Air Force Base, DARPA, USAF, III, America, Minuteman, Sentinel missile, Pentagon, Lockheed Martin Aeronautics Company, Sentinel, Defense, Tech, Combat Command, US Air Force Research Laboratory, Sandboxx Locations: London, American, Fairford, Britain, Fort Worth, California, United States, Soviet Union, Marietta , Georgia, America, Europe

☆ George Santos pleads guilty, avoiding a looming criminal trial
▼ + stars: | 2024-08-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewSerial liar and former US congressman George Santos pleaded guilty to criminal charges in court Monday, avoiding a criminal trial. Santos ultimately pleaded guilty on Monday to two counts — one count of wire fraud and one count of identity theft — as part of a plea agreement. Advertisement"You trusted me to represent you with honor and to uphold the values that are central to our democracy," Santos told reporters outside court after the hearing. Related storiesCourt filings previously indicated Santos was in talks for a plea deal as early as December. Two associates of Santos — Nancy Marks and Sam Miele — have previously pleaded guilty to fraud charges against them and would have likely testified in Santos' trial.

Persons: —, George Santos, Santos, Joann Seybert, Seybert, Breon, I've, Goldman Sachs, Hannah Montana, Zack, Cody, Tom Williams, Ferragamo, Santos — Nancy Marks, Sam Miele —, Tom Suozzi, Jimmy Kimmel Organizations: Service, Business, Eastern, of, Republican, The New York Times, Citigroup, Baruch College, New York University, Disney Channel, U.S . Capitol, Inc, Getty, Congress Locations: of New York, New York, Long, Queens, The, Brazil, Eastern, OnlyFans, Hermes, United States, New

☆ Tim Walz is dressing the part — and it's exactly what Harris needs
▼ + stars: | 2024-08-10 | by ( Alice Tecotzky | Geoff Weiss | ) www.businessinsider.com time to read: +5 min

The now-viral video cuts between Walz, holding his phone on a chair, and Harris, sitting in an office. Moreover, it's an aesthetic that could squarely appeal to the very voters Harris needs, experts told Business Insider. "Tim Walz is one of the few politicians who looks good in casual wear and also looks natural in it," Guy told Business Insider. Tom Williams"When he does the folksy thing, he's actually at the upper bound of folksy, and when he's in a suit he's in the lower bound of suit," Higonnet said. A perfect foil to Harris' polishThe Harris campaign is counting on Walz to court voters associated with the clothing he wears, particularly those hailing from the Blue Wall states of Michigan, Wisconsin, and Pennsylvania.

Persons: —, Kamala Harris, Tim Walz, Walz, Harris, LL, Derek Guy, Guy said, Guy, Donald Trump Jr, Walz doesn't, he's, Anne Higonnet, Tom Williams, Higonnet, they're, San Francisco, Donald Trump, JD Vance, Gwen, Vance Organizations: Service, Business, . Star Tribune, Getty, Barnard College, Democrats, Multicultural, Star Tribune, Yale Law School Locations: Minnesota, Michigan , Wisconsin, Pennsylvania, Francisco, New York, San, San Francisco and New York, America

☆ Secret Service Director Kimberly Cheatle resigns over Trump shooting outrage
▼ + stars: | 2024-07-23 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

United States Secret Service Director Kimberly Cheatle testifies before the House Oversight and Accountability Committee during a hearing at the Rayburn House Office Building on July 22, 2024 in Washington, DC. Kent Nishimura | Getty ImagesU.S. Secret Service Director Kimberly Cheatle resigned Tuesday following widespread outrage over how her agency failed to prevent the attempted assassination of former President Donald Trump at a Pennsylvania campaign rally earlier this month. Kimberly Cheatle, director of the U.S. Secret Service, testified. "The Secret Service has a no-fail mission yet it failed historically on Director Cheatle's watch," said Rep. James Comer, R-Ky., the committee's chairman. "At yesterday's Oversight Committee hearing, Director Cheatle instilled no confidence that she has the ability to ensure the Secret Service can meet its protective mission," Comer said.

Persons: Kimberly Cheatle, Kent Nishimura, Donald Trump, Cheatle, James Comer, Jim Jordan, Donald J, Trump, Tom Williams, Cheatle's, Comer, Thomas Crooks, Crooks, Kweisi Mfume, Thomas Matthew Crooks Organizations: Secret, Getty, NBC, Secret Service, CQ, Inc, Republican, Trump, United States Secret Locations: Rayburn, Washington , DC, Pennsylvania, Butler Township, Cheatle, Ky, Ohio

Greg Landsman is interviewed in his Longworth Building office, Washington D.C., on November 3. Tom Williams/CQ-Roll Call, Inc/Getty ImagesThe assassination attempt on Donald Trump “overtook” conversations about whether President Joe Biden should drop out of the presidential race, Democratic Rep. Greg Landsman of Ohio said on CNN Tuesday. On “CNN This Morning” Tuesday, Kasie Hunt asked Landsman, “Are you ready to tell President Biden that you think he should step aside?”“No. First and foremost, what we all witnessed on Saturday was this, an attempted assassination on … former President Trump’s life,” Landsman responded. “My concerns about the president’s ability to make this case against Donald Trump, I’ve expressed those concerns to leadership,” Landsman said.

Persons: Greg Landsman, Tom Williams, Donald Trump “, Joe Biden, Ohio, Landsman, ”, Biden, Donald Trump, Kasie Hunt, “, Trump’s, ” Landsman, I’ve, Hunt, JD Vance, Vance’s, Trump Organizations: Washington D.C, Democratic, CNN, Democratic Congressional, Democrats Locations: Washington, Ohio

☆ Amazon sellers lose coveted buy box ahead of Prime Day after Target discount snafu
▼ + stars: | 2024-07-13 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Even though Fishman is the owner of the VitaCup brand, he said he lost the buy box to a reseller of his coffee products. That meant it was indexed by Amazon's pricing algorithms, Fishman said, causing him to lose the buy box. Angus Mordant | Bloomberg | Getty ImagesWinning the buy box is paramount to a seller's success on Amazon. Nearly 98% of sales made on Amazon go through the buy box button, the FTC alleged in its suit. "The only way to get back the Amazon buy box is to lower our price on Amazon," Arnold said.

Persons: Tom Williams, Brandon Fishman, Fishman, I've, David Zapolsky, Amazon's, Target, Angus Mordant, Mason Arnold's, Arnold, Sunwink, we're Organizations: Washington , D.C, Cq, Inc, Target, Amazon, Walmart, Federal Trade Commission, JPMorgan, Bloomberg, Getty, FTC Locations: Washington ,, Harriman , New York

☆ Investment banking is finally gaining steam. Here's why JPMorgan's Jeremy Barnum says it might not last.
▼ + stars: | 2024-07-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Barnum also said the bank's debt capital markets jump was due more to refinancing than fundraising for deals and raised concerns about the future of IPOs. 'Down round' fears haunt the IPO marketOn public issuances, which are handled by the bank's equity capital markets business, Barnum said he would have expected stronger numbers in more normal times. "The regulatory overhang is there, remains there," on the advisory side of the business, Barnum said. Barnum suggested that the flow of capital into credit could be slowing because there isn't enough dealmaking to justify continued fundraising.

Persons: —, JPMorgan Chase, Wells, Jeremy Barnum, Barnum, it's, Jamie Dimon, Dimon, Tom Williams, Biden, It's, You've Organizations: Service, JPMorgan, Business, Federal Reserve, Inc, Getty, Dow Jones Industrial Locations: Wall, Wells Fargo, Israel, Gaza, East, Russia, Ukraine, Central Europe

☆ 'Fait accompli': Inside Democratic lawmakers' paralysis over Biden
▼ + stars: | 2024-07-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

One by one, Democratic members of Congress began to stream out of the Democratic National Committee's headquarters on Tuesday morning. House Democrats had convened to discuss Biden's future. The number of Democratic lawmakers publicly calling for Biden to withdraw remains in the single digits. Rep. Summer Lee wears headphones as she departs House Democrats' meeting at the DNC on Tuesday. On Tuesday afternoon, hours after House Democrats' DNC meeting, Rep. Mikie Sherill of New Jersey became the seventh to call for Biden to step down.

Persons: Steve Cohen, Tennessee, We're, Summer Lee, Mike Quigley of, Biden, Adam Schiff of, Joe Biden's, Mike Quigley, Bryan Metzger, he's, John McDonnell, He's, —, Greg Landsman, Ohio, Landsman, Dean Phillips, Phillips, Mike Mansfield, Lyndon B, they're, it's, Chuck Schumer, Patty Murray, Maria Cantwell, Schumer, Alex Wong, Rachel Scott, Scott, I've, Joe, CNN's Manu Raju, Murray, Jon Tester, Sherrod Brown of, Michael Bennet of, Bennet, Sen, Amy Klobuchar, Tom Williams, Kamala Harris, Mikie, Democrats aren't, Nancy Pelosi, It's, Tim Kaine, Virginia, Kaine, I'm Organizations: Service, Democratic, Democratic National, Democrats, DNC, Capitol, Capitol ., Democrat, Congressional Black Caucus, AP, House Democrat, Biden, White, NATO, Trump, Montana, Civil, Republican, CNN, Getty, Democratic Party, Monday, MSNBC Locations: Pennsylvania, Mike Quigley of Illinois, Adam Schiff of California, Washington ,, Minnesota, Ohio, Sens, Washington, Sherrod Brown of Ohio, Michael Bennet of Colorado, New Jersey, Richmond

☆ Federal Trade Commission to sue drug middlemen over prices of medications including insulin, source says
▼ + stars: | 2024-07-10 | by ( Annika Kim Constantino Mary Catherine Wellons | Annika Kim Constantino | Mary Catherine Wellons | ) www.cnbc.com time to read: +3 min

Joe Raedle | Getty ImagesAn Express Scripts spokesperson said the "prices of insulin and other medicines are set by their manufacturers, who have raised list prices repeatedly." They also create lists of medications — or formularies — that are covered by insurance and reimburse pharmacies for prescriptions. The investigation into insulin prices also examines drugmakers, but it is unclear whether they will be named in the upcoming lawsuits, Politico reported, citing people familiar with the matter. Eli Lilly , French drugmaker Sanofi and Danish pharmaceutical company Novo Nordisk control roughly 90% of the U.S. insulin market. Pharmacist Thomas Jensen looks over a prescription drug at the Rock Canyon Pharmacy in Provo, Utah, on May 9, 2019.

Persons: Lina Khan, Tom Williams, Joe Raedle, PBMs, Eli Lilly, Sanofi, Thomas Jensen, George Frey Organizations: Trade, Financial Services, General Government, CQ, Inc, Getty, Federal Trade Commission, CNBC, UnitedHealth, CVS, FTC, Politico, Novo Nordisk, Pharmacy Locations: Miami, U.S, Danish, Provo , Utah

Joe Raedle | Getty ImagesAn Express Scripts spokesperson said "the prices of insulin and other medicines are set by their manufacturers, who have raised list prices repeatedly." The FTC's investigation into insulin prices also examines drugmakers, but it is unclear whether they will be named in the upcoming lawsuits, Politico reported, citing sources. Eli Lilly , French drugmaker Sanofi and Danish pharmaceutical company Novo Nordisk control roughly 90% of the U.S. insulin market. They also create lists of medications – or formularies – that are covered by insurance and reimburse pharmacies for prescriptions. Pharmacist Thomas Jensen looks over a prescription drug at the Rock Canyon Pharmacy in Provo, Utah, on May 9, 2019.

Persons: Lina Khan, Tom Williams, Joe Raedle, Eli Lilly, Sanofi, Thomas Jensen, George Frey Organizations: Trade, Financial Services, General Government, CQ, Inc, Getty, Federal Trade Commission, CNBC, UnitedHealth, CVS, Politico, Novo Nordisk, Pharmacy Locations: Miami , Florida, Danish, U.S, Provo , Utah

☆ Former GOP Sen. Jim Inhofe, famous for throwing a snowball in the Senate chamber, dead at 89
▼ + stars: | 2024-07-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Former Sen. Jim Inhofe, a Republican from Oklahoma, has died at age 89, Tulsa World and Politico report. AdvertisementThe Oklahoma Republican first became chairman of the Senate Environment and Public Works Committee in 2003, and served as the committee's top Republican until 2017. Inhofe's position as chair of the environmental committee offered him a prominent platform from which he denied the science behind climate change. But despite his record on climate change, Inhofe notably had a warm friendship with his counterpart Boxer, a liberal Democrat who was outspoken about the need to address climate change. Advertisement"Jim is a climate change denier, he is really, really conservative," said Sanders, noted that even praising Inhofe had the potential to "probably ruin his political career."

Persons: Sen, Jim Inhofe, Kay, David Boren, Inhofe, John McCain's, Democratic Sen, Barbara Boxer of, Tom Williams, Al Gore, who's, Al Gore's, Boxer, Mitch McConnell, Boxer's, Independent Sen, Bernie Sanders of, Sanders Organizations: Service, Republican, Tulsa, Politico, Senate, Business, State, Senate Armed, Committee, Democrats, Democratic, Environment, Public, Oklahoma, of, Oklahoma Republican, Senate Environment, University of East, ABC News, Democrat, Associated Press, Independent, firebrand Locations: Oklahoma, Barbara Boxer of California, Iowa, Tulsa, University of East Anglia, United Kingdom, Flint , Michigan, Bernie Sanders of Vermont

☆ As Social Security faces looming fund depletion, there's fierce debate over whether a commission can help
▼ + stars: | 2024-06-15 | by ( Lorie Konish | ) www.cnbc.com time to read: +9 min

"A vote for a commission is a vote to cut Social Security," the man shouted before he was escorted off the floor. How the last major reforms, in 1983, came togetherPresident Ronald Reagan signs the Social Security Act Amendment into law on April 20, 1983. The changes involved taxes on Social Security benefits, increases to payroll tax rates, a future increase to the retirement age and a near-term postponement of cost-of-living adjustments. Social Security Commission Chairman Alan Greenspan, left, shakes hands with Sen. Charles Grassley, R-Iowa, prior to a Social Security hearing on Feb. 15, 1983. Lawmakers divided on best path forwardToday, lawmakers are divided on the best path forward to address Social Security.

Persons: —, Scott Peters, Peters, Bill Huizenga, Joe Manchin, Mitt Romney, — Rep, John Larson, Connecticut —, It's, " Larson, Larson, Nancy Altman, Ronald Reagan, Alan Greenspan, Greenspan, Jim Baker, Reagan, Tip O'Neill, Robert M, Ball, O'Neill, Sen, Charles Grassley, Bob Dole, John Danforth, Altman, Bruce D, Schobel, Elizabeth Warren, Bernie Sanders, California —, they're, Hakeem Jeffries, Conn, Brian Higgins, Jimmy Gomez, Jeffries, Dan Kildee, Richard Neal, Tom Williams Organizations: iStock, Social, Social Security, AARP, CNBC, Rep, Democratic, Corbis, National Commission, Social Security Reform, Greenspan, Federal Reserve, House, White, Finance, Economic Policy Institute, Republican, Greenspan Commission, Senate Finance, Bettmann, Getty, Congress, Democratic House, White House, Democrats, Security, Capitol Visitor Center, CQ, Inc Locations: Sens, R, Utah, Connecticut, Massachusetts, Iowa, California, D

☆ These are the best airlines right now, according to The Points Guy
▼ + stars: | 2024-06-12 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

Travel website The Points Guy published its annual list of the 10 best airlines in the US on Wednesday. Markus Mainka/Shutterstock2022 Rank: 6Best areas: Involuntary bumpsWorst areas: Route networkAdvertisement6. HUM Images/Universal Images Group via Getty Images2022 Rank: 5AdvertisementBest areas: Bags and change feesWorst areas: Lounges4. CHARLY TRIBALLEAU/AFP via Getty Images2022 Rank: 4Best areas: Route network, award availability (flights that can be booked with points or miles)AdvertisementWorst areas: Mishandled baggage and affordability3. Getty Images2022 Rank: 1AdvertisementBest areas: Timeliness and involuntary bumpsWorst areas: Affordability

Persons: —, Guy, Power, Allegiant, Here's, Elizabeth Page Brumley, Joe Cavaretta, Tom Williams, Markus Mainka, Robert Alexander, CHARLY TRIBALLEAU, Nicolas Economou, Mario Tama Organizations: Service, Business, Delta Air Lines, Alaska Airlines, United Airlines, Delta, Wall Street, TPG, Allegiant Air, Frontier Airlines, Spirit Airlines, Frontier, American Airlines, Southwest Airlines, JetBlue Airways, Hawaiian Airlines, Department of Transportation, Frontier Airlines Frontier Airlines, Las Vegas, Tribune, Getty, South Florida Sun Sentinel, Air Allegiant, US, JetBlue Airways JetBlue, Southwest Airlines Southwest, American Airlines American, United Airlines United, Delta Air Lines Delta Air Lines Locations: Delta, South, Hawaii, Pacific, Asia, US West Coast, AFP, Alaska

☆ Progressives drop support for Mondaire Jones in key House race after he turned against embattled Rep. Jamaal Bowman
▼ + stars: | 2024-06-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Read previewThe Congressional Progressive Caucus's (CPC) political arm has rescinded its endorsement of former Rep. Mondaire Jones. The move comes after Jones endorsed Rep. Jamaal Bowman's moderate primary challenger, Westchester County Executive George Latimer, earlier this week. Rep. Jamaal Bowman is facing a tough primary challenge from Westchester County Executive George Latimer. Jones and Bowman appeared together at a gun violence prevention-related event in Westchester County in April 2023. Lawler has been eager to highlight Jones's past progressive positions, including his past praise for Bowman.

Persons: —, Mondaire Jones, Jones, Mike Lawler, Jamaal Bowman's, George Latimer, Evan Brown, Bowman, Israel, Latimer, Jamaal Bowman, Tom Williams, Eugene Gologursky, I'm, Pramila, Jayapal, Dan Goldman, Joe Biden, Lawler Organizations: Service, Republican, Business, Westchester, Capitol, Israel, AIPAC, Getty Images, The Washington, Getty, Congressional, DSA, Progressive Caucus, PAC, Democratic, CPC Locations: Westchester County, Bowman's, Israel, Lower Hudson, Washington, Manhattan, Brooklyn, Lawler's

☆ Meet the leaders of the Trump era's new conservative economic populism
▼ + stars: | 2024-05-22 | by ( Eamon Javers | ) www.cnbc.com time to read: +9 min

Drew Angerer | Getty ImagesThis reported column is Part Two of Eamon Javers' two-part series on the new, conservative economic populism gaining ground among Republicans close to former President Donald Trump. In Part One, Javers introduces readers to the new, conservative economic populism gaining ground among Republicans close to former President Donald Trump. Senator Republican Marco Rubio gives a speech at the Conservative Political Action Conference (CPAC) in Orlando, Florida, February 25, 2022. Cass counts among his allies several well respected conservative economic thinkers. "It's economic policy that emerges not from good economics, but from politics and the culture war and what your base wants," he said.

Persons: Vance, Sen, Josh Hawley, Drew Angerer, Eamon Javers, Donald Trump, Javers, WASHINGTON —, Trump, Sohrab Ahmari, Ahmari, Donald Trump's, –, We've, Oren Cass, —, Marco Rubio, Tom Cotton, Republican Marco Rubio, Octavio Jones, Cass, Robert Lighthizer, Lighthizer, James Pethokoukis, Pethokoukis, Joe Biden —, Biden, Kahn, Lina Kahn, Lina Khan, Tom Williams Organizations: Republican, U.S, Senate, GOP, Wall Street Journal, Security, African American, Trump coalition, National Labor Relations, American, Conservative Political, Reuters, CNBC, United States Trade, Trump, American Enterprise Institute, Democratic, Big Tech, Biden's Federal Trade Commission, Financial Services, General Government, Federal Trade Commission, Cq, Inc, Getty Locations: Ohio, Cuyahoga Falls , Ohio, America, Washington, Ukraine, Vance ( Ohio, Fla, Mo, Washington . U.S, Orlando , Florida, Biden's, Rayburn

☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'
▼ + stars: | 2024-05-20 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Tom Williams | Cq-roll Call, Inc. | Getty ImagesJamie Dimon thinks shares of JPMorgan Chase are expensive. We're not going to buy back a lot of stock at these prices," Dimon said. JPMorgan shares traded recently for around 2.4 times book value. "Buying back stock of a financial company greatly in excess of two times tangible book is a mistake," Dimon said. The JPMorgan CEO has often resisted pressure from investors and analysts that he deemed short-sighted.

Persons: Jamie Dimon, JPMorgan Chase, Tom Williams, Dimon, buybacks, Charles Peabody Organizations: JPMorgan, Banking, Housing, Urban Affairs Committee, Wall Street Firms, Cq, Inc, Getty, JPMorgan Chase, Portales Partners, Bank of America

☆ Shock Miss USA resignations are just the tip of the iceberg, insiders say
▼ + stars: | 2024-05-11 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +11 min

“We respect and support Noelia’s decision to step down from her duties,” the Miss USA pageant said in a statement following Voigt’s announcement. “No woman has ever resigned as Miss USA or as Miss Teen USA, and she’s lost both of them in 48 hours,” he said. And according to Engelhardt, they were far from the only members of the Miss USA organization to depart. Savannah Gankiewicz, who as Miss Hawaii placed as first runner-up during the 2023 Miss USA pageant, will take over as Miss USA following Voigt's resignation. Kyle Terada/USA Today Sports/ReutersOn May 9, the Miss USA pageant announced that Savannah Gankiewicz, Miss Hawaii USA 2023 and first-runner up to Voigt at the 2023 Miss USA pageant, would be taking over the national title and its responsibilities.

Persons: Noelia Voigt, UmaSofia Srivastava, Srivastava, Voigt, “, ”, Ashlee McKey, Alexis Loomans, Rachelle di Stasio —, ” Srivastava, Denise White, Craig Barritt, Laylah Rose, slandering, ” Rose, Tom Williams, Rose, ’ Voigt, White, I’ve, ” White, “ It’s, It’s, Chance Yeh, Thom Brodeur, she’s, Brodeur, Miss, Claudia Engelhardt, Engelhardt, ” Engelhardt, Crystle Stewart, Rob Kim, Weeks, Savannah Gankiewicz, Kyle Terada, Gankiewicz, Shanna Moakler, Cindy Provost, Debbie Miller, — Engelhardt Organizations: CNN, Miss USA, Miss Teen, Miss Teen USA, Utah, Miss North Carolina USA, Miss New York, USA, ”, Inc, Miss, Miss Universe Organization, Miss Hawaii, Sports, Reuters, Savannah Miss, Voigt’s, Miss Utah USA, Srivastava’s, Miss New Jersey Teen USA Locations: New Jersey, Miss Wisconsin, New York, Sarasota , Florida, Miss Utah, Miss USA, Los Angeles, Utah, ”, USA, Savannah, Miss Hawaii USA, Savannah Miss USA

☆ House GOP embroiled in escalating primary feuds with majority on line
▼ + stars: | 2024-05-05 | by ( Manu Raju | Melanie Zanona | ) edition.cnn.com time to read: +10 min

For more on House Republican primary infighting, watch “Inside Politics with Manu Raju” on Sunday at 8 a.m. Washington CNN —GOP Rep. Don Bacon has had it with the far-right of his conference. Now McCarthy allies in the House GOP Conference are considering giving a boost to Aaron Dimmock, the retired Navy officer facing off against Gaetz in the August 20 primary. And while the outcomes in most of these primary races won’t impact the GOP’s efforts to keep the majority, they will shape the makeup of the next House Republican Conference and how they pursue their agenda. Several of Gonzales' colleagues in the House are backing a GOP primary challenger in his race for reelection.

Persons: Manu Raju ”, Don Bacon, They’ve, Republicans —, Bob Good, “, Bob Good’s, ” Bacon, we’ve, Tony Gonzales, Matt Gaetz, Good —, Adam Morgan, William Timmons, Kevin McCarthy, John McGuire, McCarthy, Mike Johnson, Dan Newhouse, Donald Trump, MAGA, Scott Perry, Jerrod, Gaetz —, McCarthy —, Gaetz, Aaron Dimmock, Derrick Van Orden, tubby ”, Chip Roy, Samuel Corum, Trump, ”, Ralph Norman, Morgan, Timmons, Joe Biden, Sen, Tony Vargas, Bacon, Dan Frei —, Lee Terry, “ He’s, ” Frei, Frei, Eric Underwood, Underwood, Bacon doesn’t, ” Underwood, he’s, Frei mailer, it’s, Gonzales, Tom Williams, Sarah Chamberlain, McGuire, Good’s, Steve Bannon, I’ve, ” Johnson, that’s, undercutting, CNN’s Jeff Zeleny, Sheden Tesfaldet Organizations: Republican, Washington CNN, GOP, Republicans, Nebraska Republican, CNN, Congress, Caucus, Rep, Good, Washington, Trump, Freedom Caucus, House GOP Conference, Navy, Gaetz, ”, Wisconsin Republican, Capitol, Getty, House Republican Conference, Democratic, Nebraska Republican Party, Nebraska Republicans, “, mailer, Republican Main Street Partnership, Nebraska GOP Locations: Nebraska, Texas, Florida, South Carolina, Virginia, Scott Perry of Pennsylvania, Wisconsin, Washington, Ukraine

☆ Biden administration plans to reclassify marijuana, easing restrictions nationwide
▼ + stars: | 2024-04-30 | by ( Julie Tsirkin | Monica Alba | ) www.cnbc.com time to read: +7 min

"DOJ continues to work on this rule," a Biden administration official said. "No one should be jailed for using or possessing marijuana," the president said during the speech. "Reclassifying marijuana as a Schedule III drug sends the message that marijuana is less addictive and dangerous now than ever before. US President Joe Biden speaks during the White House Correspondents' Association (WHCA) dinner at the Washington Hilton, in Washington, DC, on April 27, 2024. Nearly six in ten Americans say that marijuana should be legal for medical and recreational purposes, according to a Pew Research poll last month.

Persons: John Tlumacki, Biden, Joe Bidens, Tom Williams, Joe Biden, Barack Obama's, Jim Cole, Obama, Cole, Kevin Sabet, Brendan Smialowski, Brad Horrigan Organizations: Delta, Trade, Boston Globe, NBC, Drug, Department of Health, Human Services, DOJ, Biden, Internal Revenue, Justice's, DC Marijuana Justice, CQ, Inc, Getty, State, National Cannabis Roundtable, NBC News, Smart, Marijuana, Obama Administration, White, Correspondents ' Association, Washington Hilton, AFP, Management, CRA, Pew Research, Florida Supreme, Tribune, Service Locations: Wareham, deducting, New York, California, Washington ,, Florida

☆ This state is one of the last strongholds for machine politics. That's about to change.
▼ + stars: | 2024-04-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

At the end of March, a federal judge sided with Kim, blocking Democrats from using the so-called "county line" system in the state's upcoming June primaries. That's set to bring a stark change to the way ballots look — and potentially, a total overhaul in the state's political culture. AdvertisementHere's what to know about the "county line" and why it may be going away for good. A 2020 Democratic primary ballot in Mercer County, New Jersey. "I think you'll see a more candidate-centric politics," said Jersey City Councilman James Solomon, a longtime opponent of the county-line system.

Persons: —, Andy Kim, Kim, That's, Kim et, Hanlon, Sen, Bernie Sanders, Joe Biden, Hanlon et al, Bob Menendez's, Democratic Sen, Bob Menendez, Menendez, Spencer Platt, Tammy Murphy, Phil Murphy, Zahid Quraishi, Tom Williams, Murphy, Rob Menendez —, Ravi Bhalla, James Solomon, They've, they've Organizations: Democratic, Service, Garden State, New York City, Getty, Democratic Gov, Jersey City Locations: New Jersey, Nevada and Delaware, Salem, Sussex, Mercer County , New Jersey, Hanlon et, New York, Hoboken, Jersey

☆ Time’s 100 Most Influential People: Five icons you should know from the 2024 list
▼ + stars: | 2024-04-18 | by ( Leah Asmelash | ) edition.cnn.com time to read: +7 min

TIME released its list of the 100 Most Influential People for 2024 on Wednesday. The annual list, which asks cultural and political icons to highlight the changemakers of the past year, features dozens of athletes, entertainers, artists and politicians. Beninese music legend Angélique Kidjo wrote about Nigerian artist Burna Boy, who in turn wrote about rapper 21 Savage. Shawn Fain, UAW PresidentPresident Joe Biden wrote about Shawn Fain, president of the United Auto Workers, for TIME. Mohammed Abed/AFP/Getty ImagesAt just 25 years of age, Motaz Azaiza is the youngest person on this year’s TIME list.

Persons: Alex Rodriguez, Patrick Mahomes, Amy Poehler, Maya Rudolph, Raquel Willis, Elliot Page, Angélique Kidjo, Burna Boy, Taraji P, Henson, Coleman Domingo, Shawn Fain, Joe Biden, Tom Williams, ” Fain, Biden, “, —, Fain, ” Biden, Motaz Azaiza, Yasmeen Serhan, Mohammed Abed, Azaiza, Instagram, ” Serhan, CNN —, ” Azaiza, ” Jenni Hermoso, Jenni Hermoso, Mana Shim, Fran Santiago, Luis Rubiales, Hermoso’s, Rubiales, Hermoso, “ Hermoso, ” Shim, Sakshi Malik, Nisha Pahuja, Brij Bhushan Sharan Singh, Manish Rajput, Malik, Singh, ” Malik, Bhushan Sharan Singh’s, ”, Yulia Navalnaya, Russia’s, Alexei Navalny, Kamala Harris, Monika Skolimowska, Alexey Navalny, Putin, “ Putin, Navalnaya, “ Navalnaya, ” Harris Organizations: CNN, TIME, United Auto Workers, UAW, Toyota, Honda, Hyundai, Getty, “, UEFA Women's Nations League, UEFA, Spanish Women’s National Team, FIFA, Wrestling Federation of India, India Today, Delhi Locations: Dua Lipa, Gaza, AFP, Palestinian, Spanish, American, Indian, Rio ., Europe, Berlin, Paris, Hague, ”, Russian, Russia

☆ Some House Republicans need this reminder that Russia is not their friend
▼ + stars: | 2024-04-17 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —There is a major disconnect between two CNN stories on Wednesday about Russia and the US. While it is mostly Republicans who oppose additional funding for Ukraine, they are still a minority, even within their own party. In February, 22 Republicans in the Senate joined all but three Democrats to form a 70-vote majority in favor of the funding. Asked about that propaganda comment by Tapper earlier this month, Rep. Mike Turner of Ohio, who chairs the House Intelligence Committee, agreed. The two appeared together at Mar-a-Lago last week, and Johnson has bought into Trump’s proposal to structure some Ukraine aid as a loan rather than direct aid.

Persons: Sean Lyngaas, ”, Mike Johnson, Johnson, “, ” Johnson, CNN’s Jake Tapper, “ We’re, Matt Gaetz, Chip Roy didn’t, he’s, it’s, Marjorie Taylor Greene, Defense Lloyd Austin, Thomas Massie of Kentucky, Tucker Carlson, Vladimir Putin, Ralph Norman, Thomas Massie, Chip Roy, Tom Williams, It’s, Liz Cheney, Donald Trump, Michael McCaul, Puck, Tapper, Mike Turner of Ohio, ” Turner, Greene, Ken Buck, Moscow Marjorie ”, Putin, Trump Organizations: CNN, Capitol Hill, GOP, White, Conservative, Ukraine, Republicans, Senate, Florida, ” Texas, Defense, Republican, Fox News, Putin, Texas Republican, Foreign Affairs, House Intelligence, Trump, Mar, Lago Locations: Russia, Texas, Russian, Ukraine, Israel, Taiwan, Marjorie Taylor Greene of Georgia, Wyoming, Colorado

☆ Second Republican backs effort to oust Speaker Mike Johnson from power
▼ + stars: | 2024-04-16 | by ( Scott Wong | Rebecca Kaplan | ) www.cnbc.com time to read: +6 min

"He should pre-announce his resignation (as Boehner did), so we can pick a new Speaker without ever being without a GOP speaker," Massie wrote on X , referring to former GOP Speaker John Boehner, who resigned in the middle of his term in 2015 while facing a similar conservative rebellion from Massie and others. WASHINGTON — A second House Republican said he will support an effort to oust Speaker Mike Johnson from power over his handling of foreign aid for Ukraine and other issues. Johnson told rank-and-file House Republicans in the room that he won't resign, Massie said, a point he reiterated to reporters. "I stand with the speaker," Trump told reporters when asked about Greene's efforts, adding that he gets along great with both Greene and Johnson. One moderate Republican facing a tough re-election bid this fall, Rep. Mike Lawler, R-N.Y., called Greene and Massie's efforts "idiotic."

Persons: Thomas Massie, Anthony Fauci, Tom Williams, Massie, Johnson, Boehner, John Boehner, Marjorie Taylor Greene, WASHINGTON —, Mike Johnson, Rosie, Greene, Republicans —, —, Kevin McCarthy, Jared Moskowitz, Ralph Norman, Matt Gaetz, Troy Nehls, Jim Jordan, MAGA, Donald Trump, Trump, Mike Lawler, Marc Molinaro, Molinaro, McCarthy, — Kyle Stewart, Syedah Asghar, Lori Rampani, Ryan Nobles, Sahil Kapur Organizations: Capitol Visitor Center, National Institute of Allergy, Inc, Getty, Triple, FISA, GOP, Republicans, Republican, U.S, Capitol, Caucus, MAGA Republicans, New York Republican Locations: Ky, Kentucky, Ukraine, WASHINGTON, DC, Washington , DC, Texas, Ohio, Mar, Israel, Taiwan, Mexico

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