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☆ 111 Republican former officials endorse Harris, say Trump is 'unfit to serve'
▼ + stars: | 2024-09-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

US Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign rally at the Bojangles Coliseum in Charlotte, North Carolina, on September 12, 2024. More than 100 Republican former lawmakers and officials endorsed Democratic presidential nominee Kamala Harris, while warning that their own party's candidate, former President Donald Trump, is "unfit to serve again." The group, which includes former Trump administration officials as well as those who served under former Presidents Ronald Reagan, George H.W. They acknowledged many Republicans' concerns about Harris and preference for Trump. Eight former members of Congress also endorsed the Democratic ticket of Harris and Minnesota Gov.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Ronald Reagan, George H.W, Bush, George W, William Webster, John Negroponte, Carla Hills, Robert Zoellick, Donald Trump's, irresponsibly, Tim Walz Organizations: Democratic, Bojangles, Republican, U.S . Capitol, Trump, New York Times, CIA, FBI, Minnesota Gov Locations: Charlotte , North Carolina, U.S, Harris

☆ JD Vance's staff claimed they had evidence of a Haitian taking a cat in Springfield. But it turns out 'Miss Sassy' is just fine
▼ + stars: | 2024-09-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Sen. JD Vance's staff reportedly sent evidence of a possible cat-napping to the Wall Street Journal. Vance has defended his role in pushing rumors that Haitian migrants are eating people's pets in a small town. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSen. JD Vance's staff forwarded evidence that might have added legitimacy to the wild and racist rumors that Haitian migrants were eating people's pets in the small town of Springfield, Ohio. But when a reporter checked out the situation, they found an apologetic woman with a cat, Miss Sassy, that was safe and sound.

Persons: Sen, JD Vance's, Vance, —, JD, Sassy Organizations: Wall Street, Service, Republican, Business Locations: Springfield , Ohio

☆ Ray Dalio names the top five forces shaping the global economy
▼ + stars: | 2024-09-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Dalio made his remarks Wednesday ahead of the U.S. Federal Reserve's interest rate decision. Debt, money and the economic cycleWith uncertainty still circling around what the Fed will do at its meeting this week, Dalio raised concerns about how the country's debt will be managed. 'Acts of nature'Dalio then said "acts of nature" have historically posed a bigger threat to humanity and society than war. "Acts of nature, droughts, floods and pandemics have killed more people and been responsible for more domestic orders and international orders changing," Dalio noted. According to the World Economic Forum, the climate crisis results in a 12% loss in global GDP for each 1°C increase in temperature.

Persons: Ray Dalio, Dalio, Kamala Harris, Donald Trump Organizations: Bridgewater Associates, Milken Institute Asia Summit, Bloomberg, Getty, SINGAPORE, Milken, Summit, U.S, CNBC Fed, Economic, Technology Locations: Singapore, U.S, U.S . Federal, China, The U.S, South China

☆ Teamsters union says it will not endorse Harris or Trump in 2024 presidential election
▼ + stars: | 2024-09-18 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +4 min

The International Brotherhood of Teamsters on Wednesday announced it will not formally endorse a candidate in the 2024 presidential election, ending months of speculation about whether the labor union would back Republican Donald Trump or Democrat Kamala Harris. With 1.3 million members, the Teamsters union is one of the largest labor groups in the country. "As the strongest and most democratic labor union in America, it was vital for our members to drive this endorsement process. In a national survey of Teamsters members conducted after the Sept. 10 presidential debate, union members overwhelmingly backed Trump over Harris, 58% to 31%, according to results published by the union ahead of its formal endorsement. "'Right to work' laws only exist to try to kill labor unions," Teamsters General Secretary-Treasurer Fred Zuckerman said in the statement.

Persons: Sean O'Brien, Republican Donald Trump, Kamala Harris, Harris, O'Brien, it's, Trump, Joe Biden, Biden, Fred Zuckerman, O'Brien —, Lauren Hitt Organizations: International Brotherhood of Teamsters, UPS Teamsters, UPS, Brotherhood of Teamsters, Wednesday, Republican, Trump, Teamsters, Big, Democratic, Republican National Convention, Republicans, Independents, International Union, Railway Labor, Union, Democratic National Convention, RNC, CNBC, New York City Locations: Brooklyn , New York, America, New York

☆ Iranian hackers sent stolen Trump campaign information to Biden campaign
▼ + stars: | 2024-09-18 | by ( Hannah Rabinowitz | Evan Perez | ) edition.cnn.com time to read: +3 min

CNN —Iranian hackers sent unsolicited information they stole from Donald Trump’s presidential campaign to people who were affiliated with Joe Biden’s campaign over the summer, federal law enforcement officials said Wednesday. The law enforcement statement Wednesday said that the hackers’ efforts to send information to US media outlets have continued. Law enforcement officials have previously said that those efforts also included an unsuccessful attempt to hack the Biden-Harris campaign. The Iranian hackers did breach the email account of longtime Trump ally Roger Stone to target campaign staff in June, CNN has reported. Investigators believe the suspected Iranian hackers breached Stone’s account and then used that email account to try to break into the account of a senior Trump campaign official as part of a persistent effort to access campaign networks.

Persons: Donald Trump’s, Joe Biden’s, “, Biden’s, Trump’s, Kamala Harris ’, ”, Biden, Morgan Finkelstein, Harris, “ We’re, Ohio Sen, JD Vance, Vance, Roger Stone, CNN’s Kaitlan Collins Organizations: CNN, National Intelligence, FBI, Infrastructure Security Agency, Trump, Politico, The New York Times, Washington Post, Islamic Revolutionary Guard Corps, Investigators Locations: stoke

☆ There's a dual competition for Trump & Harris to pander as much as possible: Stifel's Brian Gardner
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a dual competition for Trump & Harris to pander as much as possible: Stifel's Brian GardnerBrian Gardner, Stifel chief Washington policy strategist, joins 'Squawk Box' to discuss the tax plans from former President Trump and Vice President Harris, why both plans could face resistance on Capitol Hill regardless of who wins the election, and more.

Persons: Trump & Harris, Brian Gardner Brian Gardner, Stifel, Trump, Harris Organizations: Trump &, Capitol Locations: pander, Washington

☆ Why are we still talking about cat memes in the 2024 campaign?
▼ + stars: | 2024-09-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —Far be it from anyone to identify a defined strategy in the cat memes that have overtaken the American political conversation in a pivotal election year. Never mind the state’s Republican governor, who also counseled against a campaign visit, called out state troopers to city schools to ease concern about scores of bomb threats. Intentional or not, the insult cued a new round of stories about how the Trump campaign doesn’t seem to mind turning off women voters. Women voters have shifted away from Trump since Harris entered the race, according to polls. “Every time I do a focus group with swing voters, they bring up JD Vance talking about childless cat ladies.

Persons: “, Donald Trump’s, Ramaswamy, Vivek Ramaswamy, Roberto Schmidt, Sarah Huckabee Sanders, Kamala Harris, Sanders, Harris, ” Harris, Kristen Soltis Anderson, ” That’s, Harris ”, Anderson, Trump, Sen, JD Vance, Harry Enten, we’ve, Enten, Nicky Jam, He’s, Taylor Swift’s, Billie Eilish’s, Lance Trover, Doug Burgum, Trover, “ I’m, ” Trover, it’s, ” Anderson, Vance, Sarah Longwell, CNN’s Jake Tapper, “ I’ve, ” Longwell Organizations: CNN, Republican, he’d, AFP, Getty, Arkansas Gov, Trump, New York Times, Siena College, Puerto, Pennsylvania doesn’t, North Dakota Gov, The New York Times, Trump Republican Locations: Ohio, Springfield, Springfield , Ohio, Michigan, Puerto Rican, Las Vegas, Philadelphia, Pennsylvania

☆ Former Fed Vice Chair Richard Clarida: Sticking with our call of a 25 basis point cut today
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Fed Vice Chair Richard Clarida: Sticking with our call of a 25 basis point cut todayRichard Clarida, PIMCO global economic advisor and former Federal Research Vice Chairman, joins 'Squawk Box' to discuss the Fed's policy meeting this week, what to expect from the central bank's interest rate decision today, state of the economy, and more.

Persons: Richard Clarida Organizations: Former, Federal Research

☆ Capital Group: We see plenty of global opportunities outside the U.S.
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapital Group: We see plenty of global opportunities outside the U.S.Jody Jonsson, Vice-Chair at Capital Group, talks global investment strategy, placing emphasis on technology-driven sectors. She also talks about Capital Group's partnership with KKR to offer investors more access to private credit.

Persons: Jody Jonsson Organizations: Email, Capital Group, Capital, KKR Locations: U.S

While top executives from Alphabet , Meta and Microsoft are headed to Capitol Hill on Wednesday for a hearing on election threats, Elon Musk's X won't be participating. A representative for Sen. Mark R. Warner, the Democratic chair of the Senate Intelligence Committee, said in an emailed statement that X "declined to send an appropriate witness." The hearing is titled "Foreign Threats to Elections in 2024 — Roles and Responsibilities of U.S. Tech Providers." On Wednesday, Musk shared a false story on X that claimed explosives were found in a car near Trump's planned rally in Long Island, New York. "Under X, they are absent and some of the most egregious activity has taken place" on the platform, Warner said.

Persons: Elon Musk's, Sen, Mark R, Nick Pickles, Pickles, Kent Walker, Nick Clegg, Brad Smith, Marco Rubio, Joe Biden, Donald Trump, Biden, Merrick Garland, Musk, Kamala Harris, Harris, Warner Organizations: Microsoft, Capitol Hill, Warner, Democratic, Senate Intelligence, X, CNBC, U.S . Tech Providers, Republican, Social Design Agency, U.S . Department, Foreign Assets, Nassau County police, SpaceX, FAA Locations: Russian, Russia, Iran, China, Long Island , New York, Nassau County

☆ Making the Case for the Fed: Two Experts Weigh In
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaking the Case for the Fed: Two Experts Weigh InRoger Ferguson, Former Federal Reserve Vice Chairman and Rachel Siegel, Washington Post Business Reporter, discuss the upcoming Fed rate decision, debating whether the cut will be 25 or 50 basis points.

Persons: Roger Ferguson, Rachel Siegel Organizations: Federal, Washington, Business

☆ UniCredit's bid for Commerzbank is next 'logical step' for the bank's strategy, analyst says
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUniCredit's bid for Commerzbank is next 'logical step' for the bank's strategy, analyst saysArnaud Journois, senior vice president of European Financial Institution Ratings at Morningstar DBRS, says there is "double logic" behind UniCredit's bid for Commerzbank as the Italian lender seeks to grow its business.

Persons: Arnaud Journois, Morningstar DBRS Organizations: Commerzbank, European, Morningstar

☆ Here's what Morgan Stanley, Wells Fargo stand to gain from lower interest rates
▼ + stars: | 2024-09-18 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

The Club has stayed with Morgan Stanley on expectations that its investment banking outfit will flourish again. At Wells Fargo , the Club's other financial name, lower rates should help its burgeoning investment banking business. Wells Fargo shares year-to-date have performed better than Morgan Stanley, gaining 11%. WFC YTD mountain Wells Fargo (WFC) year-to-date performance The Corporate and Investment Banking division makes up 23% of overall revenue. To be sure, Wells Fargo management said during July's second-quarter earnings call that the bank will continue to de-risk its office portfolio.

Persons: Banks, Erica Groshen, Morgan Stanley, Morgan, Jim Cramer, Jim, Goldman Sachs, Charlie Scharf, Wells, July's, Jim Cramer's, Jerome Powell, William McChesney Martin, Chip Somodevilla Organizations: Federal Reserve, New York Fed, CNBC, Cornell University, Fed, Investment, Morgan Stanley's Institutional Securities, Morgan Stanley's, Wells, Investment Banking, CIB, Federal Reserve Bank, Getty Locations: Wells Fargo, Wells, Washington ,

☆ Ariana Grande, Billie Eilish and Chappell Roan among stars set for ‘SNL’ Season 50
▼ + stars: | 2024-09-18 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +1 min

CNN —“Saturday Night Live” will have a slew of famous faces to help kick off its historic 50th season when the show returns later this month. Ariana Grande, Billie Eilish and Chappell Roan are among the stars that have been announced to host or appear as musical guest on “SNL” this upcoming season. This season of “Saturday Night Live” will also see the return of guest player (and “SNL” alum) Maya Rudolph, reprising her role as Vice President – and Democratic presidential candidate – Kamala Harris. CNN previously reported that Rudolph is set to portray Harris through at least the end of the election cycle. A movie about the first-ever episode, titled “Saturday Night,” is slated for nationwide theatrical release next month.

Persons: CNN —, Ariana Grande, Billie Eilish, Chappell Roan, Jean Smart, Nate Bargatze, Stevie Nicks, Michael Keaton, Eilish, John Mulaney, Roan, Maya Rudolph, –, – Kamala Harris, Rudolph, Harris, Donald Trump, JD Vance, Tim Walz, James Austin Johnson Organizations: CNN, SNL, Coldplay, Grande, Democratic, Trump, NBC

☆ Harris wants to limit child care costs to 7% of family income
▼ + stars: | 2024-09-18 | by ( Tami Luhby | ) edition.cnn.com time to read: +5 min

Harris responded that she’d cap child care costs at 7% of working families’ income, following the Biden administration playbook that she was heavily involved in writing. “My plan is that no family, no working family, should pay more than 7% of their household income in child care,” Harris said Tuesday at a National Association of Black Journalists event, noting that steep child care expenses make it difficult for many parents to work. Child care advocates were buoyed by Harris’ answer on Tuesday. Parents with two kids in a child care center paid on average at least twice as much for that care as they did for the typical rent in 11 states and the District of Columbia in 2023, according to a Child Care Aware of America report released in May. That equates to 10% of median household income for a married couple with children and 32% of median income for a single parent with children, Child Care Aware found.

Persons: Donald Trump, Sen, JD Vance, Kamala Harris, Harris, Biden, playbook, ” Harris, Joe Biden’s, ”, Harris ’, Melissa Boteach, ” Boteach, Trump, Vance, Charlie Kirk, you’re Organizations: CNN, National Association of Black Journalists, Congressional, Office, Department of Health, Human Services, National Women’s Law, District of Columbia, Nationwide, Economic, of New Locations: trillions, of New York, Arizona

☆ Harris isn’t giving the specifics some undecided voters say they want
▼ + stars: | 2024-09-18 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

On another intractable issue, the Israel-Hamas war, Harris was strong on aspiration, vague on specifics and seemed to fall on both sides of the issue. Former President Donald Trump and Vice President Kamala Harris debate for the first time at the National Constitution Center on September 10, 2024, in Philadelphia. And Harris might be smart to avoid taking positions that could scare off disaffected Republicans and moderate suburban voters she’s seeking to win over. Voters want to know more about HarrisStill, recent polls show that the vice president has a window of opportunity to court voters who want to learn more about her. … She needs to be more direct.”From left to right, second gentleman Doug Emhoff, Vice President Kamala Harris, Minnesota first lady Gwen Walz and Minnesota Gov.

Persons: Kamala Harris, Donald Trump —, Harris, “, ”, Biden, she’s, Bill Clinton, Sen, Elizabeth Warren of, Trump, –, chunky, Joe Biden, it’s, Donald Trump, Win McNamee, Getty, —, Harris ’, Dick Cheney, Liz Cheney, “ Kamala Harris, ” Linda Rooney, Nikki Haley, CNN’s John King, Rooney, Antonio Munoz, I’ve, ” Munoz, King, Doug Emhoff, Gwen Walz, Tim Walz, Angela Weiss, She’s, ” Harris, Hillary Clinton scoffed, ” Clinton, Kara Swisher ” Organizations: CNN —, Democratic, Tuesday’s National Association of Black Journalists, Oval, Republican, National Constitution Center, Biden, Wyoming, New York Times, Siena College, CNN, South Carolina Gov, GOP, Trump, Minnesota Gov, Pittsburgh International Airport, Getty Locations: Israel, Elizabeth Warren of Massachusetts, Philadelphia, Ukraine, doesn’t, Nevada, Minnesota, generalities, Harris

☆ Powell downplays impact of rate cut on Trump-Harris presidential race
▼ + stars: | 2024-09-18 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

U.S. Vice President Kamala Harris in Milwaukee, Wisconsin, U.S. August 20, 2024 and former U.S. President Donald Trump in Bedminster, New Jersey, U.S., August 15, 2024 are seen in a combination of file photographs. Federal Reserve Chair Jerome Powell suggested that Wednesday's larger-than-expected interest rate cut may have a limited effect on the presidential race between Vice President Kamala Harris and Donald Trump, because the decision's impacts will ripple into the economy slowly. "The things that we do really affect economic conditions for the most part with a lag," Powell said at his press conference, responding to a reporter's question about timing the long-awaited rate cut, just 48 days until the Nov. 5 election. Though the cut comes in the final sprint of the Trump-Harris race, Powell ensured that the Fed made its decision with a focus on consumer interests and without "any other filters." "This is my fourth presidential election at the Fed and it's always the same," Powell said.

Persons: Kamala Harris, Donald Trump, Jerome Powell, Powell, Harris, it's, We're, what's Organizations: Fed, Wednesday, Trump Locations: Milwaukee , Wisconsin, U.S, Bedminster , New Jersey

☆ Sarah Huckabee Sanders is latest Trump ally to make dig at Harris over biological kids
▼ + stars: | 2024-09-18 | by ( Arit John | ) edition.cnn.com time to read: +5 min

Unfortunately, Kamala Harris doesn’t have anything keeping her humble,” said Sanders, the first female governor of Arkansas and Trump’s former White House press secretary. Unfortunately, she doesn’t.”The comments come as the Trump campaign attempts to narrow the gap with Harris among female voters. “That’s the lack of humility Governor Sanders was referencing.”The Harris and Trump campaigns did not respond to requests for comment. Kamala Harris has spent her entire career working for the people, ALL families,” she wrote on social media Tuesday in response to Sanders’ remarks. “When you have no substance, you have to resort to superficiality,” said Donna Brazile, a Harris ally and veteran Democratic political strategist.

Persons: Sarah Huckabee Sanders, Donald Trump, Kamala Harris doesn’t, Sanders, “, ”, Trump, Harris, Trump’s, JD Vance, doesn’t, they’ve, ” Vance, Taylor Swift, Vance, Cat Lady, ” Trump, ” Sam Dubke, ” Dubke, – Cole, Ella Emhoff –, Doug Emhoff, ” Cole Emhoff, Kerstin Emhoff, “ Cole, Ella, Kamala Harris, Sanders ’, Donna Brazile, Brazile, Scott Jennings, ” Jennings, Abby Phillip ”, ” Brian Lanza, Phillip, ” Lanza Organizations: CNN, Arkansas, Trump, White House, Democratic Party, Republican, Biden, Democratic National Convention, Democratic, Republicans, Republican Party Locations: Flint , Michigan, Arkansas, Ohio, Washington, America, Flint

The best iPhone 16 Pro screen protectors provide lasting protection against damage and include a kit or tool for effective and effortless application. Our top pick among the best iPhone 16 Pro screen protectors is the Zagg Glass Elite screen protector, which offers the best overall value and long-term protection. AdvertisementWhat should I look for in an iPhone 16 Pro screen protector? AdvertisementWill an iPhone 15 Pro screen protector fit an iPhone 16 Pro? If you're looking to equip the previous model instead, check out our guide to the best iPhone 15 Pro screen protectors.

Persons: we've Organizations: Business, Apple

And yet an unusual air of uncertainty overhangs this week's meeting: It’s unclear just how large the Fed’s rate cut will be. Wall Street traders and some economists foresee a growing likelihood that the central bank will announce a larger-than-usual half-point cut. Many analysts foresee a more typical quarter-point rate cut. This week's move is expected to be only the first in a series of Fed rate cuts that will extend into 2025. Over time, Fed rate cuts should lower borrowing costs for mortgages, auto loans and credit cards, as well as for business loans.

Persons: Donald Trump's, Kamala Harris, Jerome Powell, —, Powell, Jackson, Freddie Mac Organizations: WASHINGTON, —, Federal Reserve, Wall Street, Companies, Associated Press Locations: Jackson Hole , Wyoming

CNN —Vice President Kamala Harris is expected to meet with Ukrainian President Volodymyr Zelensky in Washington, DC, next week, according to three sources familiar with the planning. Asked Wednesday whether Harris will meet with Zelensky next week, National Security Council spokesperson John Kirby suggested she might if the opportunity presented itself. “I know she has met with President Zelensky face-to-face on a couple of occasions, and I know she’s spoken to him on the phone. Earlier Wednesday, former President Donald Trump said he’ll “probably” meet with Zelensky when he travels to the US next week. Trump spoke on the phone with Zelensky in July, but a meeting between the two leaders would mark their first in-person interaction since Trump left the White House.

Persons: Kamala Harris, Volodymyr Zelensky, Harris, Zelensky, John Kirby, “, ” Kirby, Joe Biden, Donald Trump, he’ll “, Trump Organizations: CNN, National Security, United, United Arab Emirates, White, Zelensky Locations: Washington ,, Russia, Ukraine, United Arab, Sudan

☆ Fans of the Bachelor Could Decide the 2024 Presidential Election
▼ + stars: | 2024-09-18 | by ( Juliana Kaplan | Andy Kiersz | ) www.businessinsider.com time to read: +17 min

Ben Higgins tried to parlay his Bachelor success into a political career, but the campaign didn't last long. The focus on Bachelor Nation also makes sense given the franchise's viewership is dominated by one of the most crucial swing votes of recent elections: white women. In the past two presidential elections, white women were the most closely split demographic subgroup tracked by major exit polls. In 2016, Donald Trump won over 52% of white women against Hillary Clinton's 43%, exit polls found, while Trump bested Joe Biden in 2020 among white women 55% to 44%. The overlap between the swingiest demographic and the "Bachelor" audience suggests Bachelor Nation has value to those who seek to lead our nation.

Persons: Ben Higgins, Charming, Higgins, He's, that's, Acierto, Young Sheldon, Joey Graziadei's, Graziadei, Doug Emhoff, Kamala Harris, Chad Kultgen, Lizzy Pace, Pace, Harris, Kultgen, Joey Graziadei, John Fleenor, Walz, Big, YouGov, Donald Trump, Hillary Clinton's, Trump, Joe Biden, Hulu —, they're, Natasha Scott, Reichel, Rose, Scott, Claire Fallon —, —, Becca Kufrin's, Fallon, Emma Gray, Garrett Yrigoyen, Kufrin, Yrigoyen, — Colton Underwood, — Fallon, Matt James, Rachael Kirkconnell, James ', Chris Harrison, it's, Justine Kay, Charity Lawson —, Joe Biden's, he's, Juliana Kaplan, Andy Kiersz Organizations: Disney, ABC, NFL, Valentine's, White, Daily, Nation, Pew Research, Trump, Hulu, Girls, Bachelor Nation Locations: American, Colorado, America, Atlanta, Quinnipiac, Georgia, North Carolina, Hulu, Washington

☆ US Steel: Biden administration gives Nippon Steel more time to make case for purchase of steelmaker
▼ + stars: | 2024-09-18 | by ( Kayla Tausche | ) edition.cnn.com time to read: +2 min

President Joe Biden, Republican presidential nominee Donald Trump and Democratic nominee Vice President Kamala Harris have all voiced opposition to the deal. The United Steelworkers union, which has endorsed Harris for president, has also been a leading opponent of the acquisition. Earlier this month, US Steel said it would be forced to lay off workers and shutter mills without Nippon’s backing. US Steel put itself up for sale in 2023 after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest steelmaker, resulted from that sale process.

Persons: Joe Biden, Donald Trump, Kamala Harris, Sen, Sherrod Brown of, John Fetterman of, Harris, Fumio Kishida, Janet Yellen Organizations: CNN — Nippon Steel, US Steel, CNN, Republican, Democratic, Foreign Investment, Steel, Sherrod Brown of Ohio, The United Steelworkers, Nippon Steel Locations: American, United States, Pittsburgh, Tokyo, John Fetterman of Pennsylvania, Ohio, Cleveland

☆ The Fed’s long-awaited rate cut is colliding with presidential politics
▼ + stars: | 2024-09-18 | by ( Kayla Tausche | ) edition.cnn.com time to read: +7 min

Vice President Kamala Harris called the rate cut “welcome news,” while former President Donald Trump suggested, without evidence, that the decision could be politically motivated. With less than 50 days until Election Day, another question has emerged: Will the rate cut matter to voters? In fact, they already have – mortgages are based on bond yields, which have fallen in recent weeks in anticipation of a rate cut. Harris responded to the rate cut by saying she’s focused on bringing down prices. This story has been updated with reaction to the Fed’s rate cut announcement.

Persons: Biden, Joe Biden, Ukraine —, ’, —, “, ” Biden, Kamala Harris, ”, Donald Trump, Zoila Sanchez, CNN’s John King, ” Sanchez, King, ” Homebuyers, Powell, Jason Furman, Barack Obama’s, “ It’s, ” Furman, George H, Bush, Bill Clinton’s “, –, Clinton, Aaron Klein, ” Klein, Harris, she’s, Trump, they’re, ” Trump, Steve Moore, Powell sanctimoniously, ” Moore, ” Powell, Moore Organizations: CNN, Reserve, White House, Economic, of Washington, Financial, St, Louis Federal Reserve, Brookings Institution, “, Biden, Fed, SPAN Locations: trillions, Ukraine, Nevada, New York

☆ It's not just the rhetoric — apathy and jokes could be fueling a spiral of retaliatory political violence, expert warns
▼ + stars: | 2024-09-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

And an expert in political violence and terrorism is worried the worst is yet to come. The justification of political violence online is getting worse, too, with increasingly high-profile people laughing off violent incidents. Plenty of such data exists about Trump's rhetoric, Pape noted, and he said there is no doubt that "incendiary political rhetoric increases support for political violence." "What you're seeing is real-world violence reflecting this significant rhetorical support for political violence on both the right and the left," Pape said. "There is an incentive to do what we know stokes support for political violence.

Persons: —, Robert Pape, Pape, Nancy Pelosi's, Barack Obama's, Donald Trump's, Steve Scalise, Elon Musk, Sunday's, Trump, haven't, Joe Biden, Kamala Harris, Musk, snickering, " Pape, he's, Biden, stokes Organizations: Service, World Justice, Democratic, GOP, Business, Democrat, Republican, Marist, PBS, Chicago Project, Security, University of Chicago, Department of Justice, Congressional, Trump, Republicans Locations: Louisiana, Butler , Pennsylvania, —

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