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Law enforcement missed critical opportunities to prevent a 2022 mass shooting at an LGBTQ+ nightclub in Colorado, a pair of lawsuits filed over the weekend allege. The suits claim that the massacre at Club Q in Colorado Springs, which killed five people and injured at least 19, could have been averted if authorities had enforced Colorado’s red flag law. The El Paso County Board of County Commissioners and former El Paso County Sheriff Bill Elder are named as defendants in the suits, which accuse them of negligence and, in the case of the deceased victims, wrongful death. A spokesperson for El Paso County declined to comment on the allegations, citing the pending litigation. The El Paso County defendants “willfully and wantonly ignored the shooter’s warning signs,” the legal documents say.

Persons: Barrett Hudson, El Paso County Sheriff Bill Elder, Elder, Anderson Aldrich, “, Aldrich, wantonly, ”, ” Matthew Haynes Organizations: Q, El Paso County Board, El Paso County Sheriff, El, Associated Press, Flag Law, NBC News Locations: Colorado, Colorado Springs, U.S, El Paso County, ”

☆ Nearly half of Americans say they live paycheck to paycheck—only 30% actually do, new Bank of America data finds
▼ + stars: | 2024-11-19 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

As a result, the share of Americans saying they live paycheck to paycheck has been growing fairly steadily for the past two years, a recent Bank of America survey found. Nearly half of Americans at least somewhat agree with the statement, "I am living paycheck to paycheck," as of the third quarter of 2024. Importantly, how each respondent defines living paycheck to paycheck may vary. By that measure, around 30% of American households are living paycheck to paycheck, according to Bank of America's internal data. If it becomes unaffordable, that person may feel like they're living paycheck to paycheck, Tinsley says.

Persons: that's, David Tinsley, Tinsley Organizations: of America, Bank of America, Bank of, Bank of America Institute Locations: Bank

☆ 85% of employees say job stress impacts their mental health. Here's how employers can provide support, especially for women.
▼ + stars: | 2024-11-19 | by ( Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +5 min

A report by Mental Health America found that 85% of workers reported job stress affected their mental health. Impact on productivity and health care expensesStruggling with mental health can lead to diminished quality of life and decreased motivation at work. A study of people with employer-sponsored health coverage found that 27% of the top 10% of health care spenders had behavioral health needs, accounting for 57% of total health care costs. The goal is to make every interaction within the health care system a chance to promote mental health, treating it like routine physical checkups. Enhance access to mental health services through virtual careWith an anticipated shortage of about 245,000 behavioral health professionals by 2025, the need for accessible mental health services is more pressing than ever.

Persons: spenders, UnitedHealthcare, —, onboarding Organizations: Mental Health America, EAP, Insider Studios

☆ An anonymous celebrity is suing the Texas lawyer repping Diddy accusers, alleging he's trying to destroy the man's reputation
▼ + stars: | 2024-11-19 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

AdvertisementAn anonymous celebrity has sued attorney Tony Buzbee, accusing him of an extortion plot. A mystery celebrity has accused the high-profile Texas attorney who is representing dozens of clients in sex abuse lawsuits against Sean "Diddy" Combs of orchestrating an extortion plot meant to destroy his reputation. "It is obvious that the frivolous lawsuit filed against my firm is an aggressive attempt to intimidate or silence me and ultimately my clients," Buzbee said. "The letters were sent seeking a confidential mediation in lieu of filing a lawsuit," Buzbee said. The lawsuit filed against my firm is a prime example of that.

Persons: Tony Buzbee, Sean, Diddy, Combs, John Doe, Buzbee, Quinn Emanuel, Buzbee's, Jane, drugging, Defendants, Plaintiff, — Organizations: Los Angeles Superior Court, Business, Buzbee Locations: The Texas, Texas, Los Angeles, Houston, Brooklyn, New York

☆ Russia warns U.S. is adding fuel to fire with long-range missile decision
▼ + stars: | 2024-11-18 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

Local residents walk past destroyed houses in the city, approximately 10 km from the frontline, on November 16, 2024 in Pokrovsk, Ukraine. Libkos | Getty ImagesThe Kremlin has lashed back against a White House decision to now allow Ukraine to use U.S.-made long-range weapons for limited strikes inside Russian territory. "The issue is not about allowing the Ukrainian regime to strike Russia with these weapons or not. The issue is about making a decision: NATO countries directly participate in the military conflict or not. Ukraine's President Volodymyr Zelenskyy addresses lawmakers as he presents the so-called 'Victory Plan' during a parliament session, amid Russia's attack on Ukraine, in Kyiv, Ukraine October 16, 2024.

Persons: Joe Biden, Biden, Volodymyr Zelenskyy, Dmitry Peskov, Vladimir Putin, Sergei Ilnitsky, Putin, Zelenskyy, Andrii Nesterenko Organizations: Libkos, White, NBC, Artillery Rocket Systems, Ukraine, Ukrainian, Reuters, Commonwealth of Independent States, CIS, Google, Ria Novosti, NATO, Kremlin, Institute for, Tactical Missile Locations: Pokrovsk, Ukraine, Washington, U.S, Moscow, Russian, Russia, NATO, United States, Kursk Oblast, Kyiv

☆ AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way
▼ + stars: | 2024-11-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. AMC operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal. By the time the Covid pandemic shuttered theaters and shut down Hollywood, AMC was already $5 billion in the red. Despite the better-than-expected box office performance, AMC saw a 12% decline in attendance during the period. "They talked a lot about new investments and upgrading their theaters and expanding their premium screens, adding XL screens.

Persons: Leonardo Munoz, Cinemark, it's, Adam Aron, they're, Eric Wold, Riley, Oppenheimer, Hugh Jackman, Ryan Reynolds, Wold, King, Sony's, Hunter, Aron, Lars Niki, Alicia Reese, Reese isn't, Eric Handler Organizations: AMC, View Press, CNBC, Warner Bros, Disney, Disney AMC, Paramount, Dolby Cinemas, Getty, Roth Capital Markets Locations: New York City, Hollywood, North America, Europe, U.S, Saudi Arabia, New York, Los Angeles, fanbases

☆ Former Missouri police officer Julian Alcala accused of stealing nude photo’s from women’s phones
▼ + stars: | 2024-11-17 | by ( Zoe Sottile | ) edition.cnn.com time to read: +8 min

Images of the nude photos were found on the men’s phones and on Alcala’s iCloud account, according to the indictments. While the indictments don’t specify how the men came under suspicion, the attorney for one of Alcala’s alleged victims has said she reported an incident to the FBI, and one of McKnight’s alleged victims has said she reported him to his supervisor. Seven of the counts specify he took photographs of nude images he found on the victims’ phones, which were found on McKnight’s cell phone. In two of the incidents, McKnight took the alleged victims’ phones after arresting them, the indictment says. One of the former state trooper’s alleged victims described her experience as “really violating” in an interview with KFVS.

Persons: CNN —, Julian Alcala, St . Louis, David McKnight, Louis, McKnight, Alcala’s, McKnight’s, Alcala, Pleban, Scott Rosenblum, Alcala “, ”, Alcala ”, “, Bevis Schock, ” Alcala, Florissant, ’ McKnight, ” McKnight, KFVS, Emily Northern, ” Northern, I’ve Organizations: CNN, Patrol, FBI, Alcala, J.C, KSDK, Florissant, Highway Patrol, Florissant Police, Missouri, KFVS, “ Employees Locations: Missouri, Florissant, St ., Missouri’s Cape Girardeau, St, New Madrid, Scott

The Dallas-area influencer who had her spider monkey taken from her Saturday after a drunk driving crash is under investigation after the monkey was determined to be malnourished, officials said Friday. Brandi Botello's spider monkey, named Jorgie Boy, was taken from her following the crash in which Dallas police arrested the driver on a charge of driving while intoxicated. She told the station she was drunk and asleep in the passenger seat while holding Jorgie Boy when the crash happened. Jorgie Boy is the size of a 1-year-old monkey even though he will turn 3 in February. It might take over a year to get Jorgie Boy to a point where he is strong enough to play with other monkeys again, Johns said.

Persons: Brandi Botello's, Irving, Delaney Brey, Brey, rickets, Brandi Botello, Fort Worth Botello, Botello, Jorgie, Dwan Johns, Johns, Boy, Jorgie Boy, wasn't Organizations: Dallas, Police, Botello, NBC Dallas, Fort Worth, Irving Animal Services Department, Fort, Dwan, NBC, Jorgie, Irving Animal Control Locations: Dallas, Texas, Irving, Fort Worth

The monkey, named Jorgie Boy, was taken from his owner, Brandi Botello, on Saturday morning after Dallas police officers responded to a single-vehicle accident. Botello told NBC Dallas-Fort Worth that she was charged with DWI but maintained that she was not driving. Botello told the station that the driver was a male acquaintance and that he was charged with public intoxication. Because Botello lives in Irving, a neighboring suburb, the monkey was transferred to Irving's animal control department, Dallas police said. The sanctuary's owner said the monkey would not be returned to its previous owner, the Morning News reported.

Persons: influencer, Brandi Botello, Botello, Irving, Boy, Jorgie Organizations: Dallas, Police, NBC Dallas, Fort, Dallas Morning News, Morning News, NBC News, Morning, Irving Locations: Dallas, Fort Worth, Irving, Texas

☆ What's the most you should pay for housing? Here's a breakdown by salary, from $30,000 a year to $120,000
▼ + stars: | 2024-11-14 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Housing costs are the biggest expense most people face, so knowing how much you can afford to spend can be key to staying on top of your budget. As a rule of thumb, financial planners commonly recommend spending no more than 30% of your gross income on housing, whether that's mortgage or rent costs. This advice is often based on guidelines set in the 1980s by the U.S. Department of Housing and Urban Development, which defined spending beyond 30% as "housing cost burdened." That means if you earn the U.S. median income of around $80,000, you should aim to keep your housing costs to $2,000 a month. Considering that Americans are routinely spending more than 30% of their income on housing, the guideline can feel more like an ideal than a realistic rule of thumb.

Organizations: U.S . Department of Housing, Urban Locations: U.S

CNN —President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by reviewing its budget and operations from top to bottom. Details about how the new Department of Government Efficiency, or DOGE, will operate – and how Musk and his co-leader Vivek Ramaswamy will avoid conflicts of interest – remain scarce. Musk also took aim at the Department of Education, a frequent target of Trump and Republicans, criticizing the agency for allegedly indoctrinating kids with left-wing propaganda and other failings. Slashing that much from the federal budget – which totaled roughly $6.8 trillion in fiscal 2024 – would require cutting every program by roughly one-third, said Bobby Kogan, senior director of federal budget policy at the left-leaning Center for American Progress. “Trump’s ‘Department of Government Efficiency’ will not be an actual department.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, ” Musk, Ramaswamy, Musk, ”, “, ” Ramaswamy, Stephen Moore, Elon, Vivek, Moore, Larry Summers, Clinton, Glenn Hubbard, George W, Bush, Bobby Kogan, ” Kogan, Brian Riedl, Riedl, GOP Sen, Rob Portman, Sharon Parrott, Ronald Reagan, Reagan, William Hoagland, Peter G, Peterson, –, Jon Greenbaum, ’ that’s, Harry Sandick Organizations: CNN, Elon, Department of Government, Trump, Republican, White House, SpaceX, Department of Education, of Defense, Veterans Affairs and Homeland Security, Education Department, Labor Department, FBI, Nuclear Regulatory Commission, Heritage Foundation, US, of Economic, American, Security, Social Security, Manhattan Institute, GOP, ‘ Department, Government, White, White House & Congress, Congressional Republicans, Children’s Health Insurance, Affordable, Budget, Republicans, Grace, Center, Elon Musk, Federal Advisory Committee, Democratic Locations: Rob Portman of Ohio

Delta Air Lines allows buyers to personalize gift cards with photos and is shipping gift cards for free through Dec. 13. Royal Caribbean sells gift cards that can be redeemed for a cruise booking, but not pre-cruise purchases such as shore excursions, beverage packages and internet. Intrepid Travel, which specializes in sustainable tours for small groups, lets gift buyers purchase specific tours for another person. Other websites offer gift cards that aren't tied to specific brands, but reviews are mixed on some of those companies. For example, Finnair gift cards expire in one year, while Airbnb gift cards aren't available in every region.

Persons: Zs, millennials, Reddit, Rick Steves, Hilton Organizations: American Airlines, Delta Air Lines, Marriott, Royal, Intrepid Locations: Italy, Rick Steves Italy, Lyft, Royal Caribbean, U.S

☆ Lunchables removed from national school lunch program
▼ + stars: | 2024-11-12 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

Kraft Heinz, the company that produces Lunchables, announced Tuesday that it will remove the meal kits from the National School Lunch Program. “We’re pleased that Heinz Kraft has pulled Lunchables from the school lunch program,” Brian Ronholm, director of food policy at Consumer Reports said in a statement. “The USDA should maintain stricter eligibility standards for the school lunch programs so that the millions of kids that depend on it get the healthier options they deserve.”The National School Lunch Program –– a federally assisted program that provides low-cost and free nutritionally balanced lunches to students –– serves nearly 30 million kids, according to the US Department of Agriculture’s Food and Nutrition Service. Sodium levels in the school lunchesTwo types of Lunchables were brought into the school lunch program last year: Turkey & Cheddar Cracker Stackers and Extra Cheesy Pizza. Consumer Reports found that the kits, which were created specifically for the school lunch program, contained even higher levels of sodium than those available in the grocery store.

Persons: CNN —, Kraft Heinz, We’re, Heinz Kraft, Brian Ronholm, – –, Tom Vilsack, “, Armour LunchMakers, Oscar Mayer, can’t, CNN’s Sandee, Parija Kavilanz Organizations: CNN, Consumer, US Department of Agriculture’s Food, Nutrition Service, ”, US Centers for Disease Control, Natural Meat, World Health Organization, CDC Locations: United States, Turkey

☆ Cowboys owner Jerry Jones launches angry tirade after question about curtains to block the sun
▼ + stars: | 2024-11-11 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Cowboys owner and general manager Jerry Jones was perturbed that the sun was brought up again as an issue in his $1.2 billion retractable roof stadium, which has glass doors on either end. AT&T Stadium has an unusual east-west alignment from end zone to end zone, as opposed to most venues being north-south. The sun,” said Lamb, who ended a preseason-long holdout by signing a $136 million, four-year contract extension in late August. One thousand percent.”And on the question of making the suggestion to Jones, Lamb said, “I mean, y’all are doing my job for me right now.”It has been suggested plenty of times, and Jones always has flatly rejected it. Are you kidding me?”While Jones’ response could be taken as a criticism of embattled coach Mike McCarthy, Jones said it wasn’t.

Persons: CeeDee Lamb, Jerry Jones, Lamb, Dallas ’, Cooper Rush, ”, Jones, ” Jones, “, Mike McCarthy, it’s, McCarthy, Dak Prescott, ” McCarthy Organizations: Dallas, Philadelphia, Sunday . Cowboys, Cowboys, T, “, New York Giants Locations: ARLINGTON , Texas

☆ Americans are doom spending
▼ + stars: | 2024-11-10 | by ( Erika Tulfo | ) edition.cnn.com time to read: +7 min

While this kind of catharsis might work to temporarily allay worries, experts say doom spending poses a danger to consumers’ long-term financial health. Joe Raedle/Getty ImagesThat financial gloom is powering doom spending and, in turn, driving up credit card debt. Beyond the economy, experts say that internet habits play a significant role in driving doom spending, especially for younger consumers. But Alev says that she anticipates a pop in spending whether Americans feel positively or negatively about the outcome of the election. How do you curb doom spending?

Persons: ”, Gen, “ We’re, Courtney Alev, “, Alev, Donald Trump, Trump, Kamala Harris, —, Sertan Kabadayi, Joe Raedle, Bankrate, Aja Evans, ’ ” Evans, hasn’t, ” Alev, Jeff Roberson, Biden, Evans Organizations: CNN, Wheaton College senior, YouTube, Credit, Gallup, Fordham University’s Gabelli School of Business, Federal, Federal Reserve Bank of Philadelphia, Finance, Brookings Institution Locations: Massachusetts, Miami , Florida, West Palm Beach , Florida

☆ We asked Americans what they’d heard about Trump and Harris throughout the campaign. Here’s what they told us
▼ + stars: | 2024-11-10 | by ( Ariel Edwards-Levy | ) edition.cnn.com time to read: +6 min

Georgetown University, University of Michigan and s3mc.orgGeorgetown University, University of Michigan and s3mc.orgWhat also stands out in the charts over time is the lack of a sustained narrative about either candidate. On average, over the 20 weeks The Breakthrough survey was fielded this year, roughly 76% of US adults said weekly they’d heard at least some news about Trump. In the 15 full weeks of data following Harris’ entry into the race, a slightly smaller share – about 71% on average – said they’d heard something about her. Sentiments expressed by political independents when talking about the news surrounding Trump were negative throughout the campaign. Their sentiment when discussing what they’d heard about Harris, which was close to neutral at the start of her candidacy, declined modestly throughout the fall, undercutting her advantage over Trump on that metric.

Persons: Donald Trump, Kamala Harris, Trump’s, Joe Biden, Harris, ”, Harris –, SSRS, Trump, Gallup’s Frank Newport, “, …, Hillary Clinton, they’d, Biden, –, undercutting, Jennifer Agiesta, Edward Wu Organizations: CNN, Trump’s, Trump, Georgetown University, University of Michigan Locations: Puerto Rico

As well as drastically increasing the number of strikes, Russia has begun to fire decoy drones without warheads to overwhelm Ukraine’s air defenses. These cheaper drones confuse Ukraine’s air defenses, which may shoot down decoy drones instead of ones carrying a lethal warhead. Decoy drones now account for as many as half of all Russian drones fired at Ukraine, Ihnat said. In the capital, there has only been one night without a drone attack since September 1. I just hide, wait and hope that I will survive.”A car and house burn after they were damaged from a Russian drone strike in Kyiv on Thursday.

Persons: Volodomyr Zelensky, Yuriy Ihnat, Ihnat, Donald Trump’s, “, Vadym, Valentyn Ogirenko, Serhiy Popko, ” Popko, Zelensky, ”, Kamala Harris, Trump, ” Zelensky, Vladimir Putin Organizations: Ukraine CNN —, CNN, Reuters, Republican, Russia, North Korean, Ukraine Locations: Kyiv, Ukraine, Ukraine CNN — Russia, Moscow, Russia, Iran, Russian, “, United States, Russia’s Kursk, Ukraine’s, Pyongyang

☆ Aging expert reveals the blueprint for a better life after 50
▼ + stars: | 2024-11-07 | by ( Terry Ward | ) edition.cnn.com time to read: +9 min

On the cusp of her 50th birthday, aging expert Debra Whitman had questions. CNN: What else contributes to healthy aging? We, as a country, need to prepare for an aging population so that everyone can live a long and healthy life. Author and aging expert Debra Whitman speaks at CareFest at UCLA on November 2, 2023. I want to live a long and healthy life through my “second 50.” So doing those things now — to build up relationships, to build up values — really matters.

Persons: Will, Debra Whitman, healthily, ”, Whitman, Debra Whitman's, “, they’re, Katie Williams, ” she’d, Katie, it’s, They’ve, Robert Waldinger, Diane Meier, Deb, Meier, can’t, Phillip Faraone, Terry Ward Organizations: CNN’s, CNN, US, Aging, Pew Research, AARP, Academies, Kiwi, —, Harvard, CareFest, UCLA Locations: Singapore, Zealand, Rotorua, New Zealand, Tampa

☆ Harris couldn't escape Biden's unpopularity
▼ + stars: | 2024-11-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Kamala Harris' advisors said she struggled to dig herself out of a hole. Related Video Can Kamala Harris win over Democrats after Joe Biden drops out of 2024 presidential election? Throughout the 2024 race, Trump posted some of his highest approval numbers since he launched his first presidential run in 2015. AdvertisementEvan Roth Smith, the lead pollster at BluePrint, said there's no doubt that Biden's unpopularity impacted Harris. The Trump campaign didn't forget."

Persons: Kamala Harris, Joe Biden, Harris, —, Doug Sosnik, Bill Clinton, Biden, Trump, Obama, David Plouffe, Harris's, Kamala, AWwpZQHhVo — Alex Thompson, Evan Roth Smith, Kamala Harris's, Roth Smith, would've, Rishi Sunak, George H.W, Bush, Ryan Ryan Williams, Mitt Romney's Organizations: Service, Democratic, CNN, Biden, British, Conservative Party, Democratic Party, New, Trump, GOP, Voters Locations: United States, South Korea, Germany, Iowa, New Hampshire

☆ How data-driven solutions are helping employers combat the rising costs of diabetes
▼ + stars: | 2024-11-07 | by ( Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +7 min

Employers can use health data to offer personalized support for employees with type 2 diabetes. "It's a growing epidemic," said Dr. Donna O'Shea, chief medical officer of population health, UnitedHealthcare. These stark differences emphasize the crucial role of data in helping employers support the health of their workforce. That leads to more targeted, precise and customized interventions for diabetes care, and in turn, healthier, more productive employees and lower health care costs," Kurtzweil said. Learn more about Level2's role in supporting safe and effective diabetes care.

Persons: Donna O'Shea, Craig Kurtzweil, Kurtzweil, Level2, O'Shea Organizations: Diabetes, American Diabetes Association, Health Action, UnitedHealth, Insider Studios Locations: –, UnitedHealthcare, New York, America

☆ Just 5 minutes of exercise could help lower blood pressure, study suggests
▼ + stars: | 2024-11-07 | by ( Linda Carroll | Linda Carroll Is A Regular Health Contributor To Nbc News. She Is Coauthor Of | The Concussion Crisis | ) www.nbcnews.com time to read: +4 min

Just five minutes of vigorous exercise a day might help lower blood pressure, a new study suggests. People with high blood pressure have a higher risk for heart disease and stroke, the leading causes of death in the U.S. Nearly half of all Americans have high blood pressure, which is defined as a systolic blood pressure (the upper number) of greater than 130 or a diastolic blood pressure (the lower number) greater than 80. The researchers found that replacing any less active behavior with five minutes of exercise could lower systolic blood pressure by 0.68 points and diastolic blood pressure by 0.54 points. An estimated two point improvement in systolic blood pressure was observed when 20 minutes of vigorous exercise replaced, for example, 21 minutes of sedentary time or 26 minutes of slow-walking.

Persons: ” Mark Hamer, Hamer, ”, Arun Manmadhan, Manmadhan, Matthew Tomey, Sean P, Heffron, “, Evan Brittain, Brittain Organizations: University College London, Centers for Disease Control, Columbia University Vagelos College of Physicians and Surgeons, New York University Langone Medical, Vanderbilt University Medical Center Locations: U.S, New York City, Sinai, Nashville

☆ Asian Americans favored Harris, but shifted right by 5 points
▼ + stars: | 2024-11-06 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Asian American support for Donald Trump was 5 points higher this election cycle than in 2020, marking a slight shift to the right. The NBC News Exit Poll of early and Election Day voters indicated that 54% of Asian American voters chose Harris, while 39% voted for Trump. Harris lost seven points compared to Asian American Pacific Islander (AAPI) support for Biden in 2020. “The pendulum has started to swing back.”Ramakrishan pointed out that previous polling showed that the economy was a major priority for the Asian American electorate. And for the Asian American community, a group that owns more than 3 million small businesses, that perception was particularly effective.

Persons: Donald Trump, Harris, Karthick Ramakrishnan, ”, ” Ramakrishan, you’re, ” Ramakrishnan, Ramakrishnan, Trip Yang, Trump, Bill Clinton’s, Barack Obama, Trump’s, Ramakrishan, “, ” Yang, Biden Organizations: NBC, Trump, American Pacific, Biden, AAPI, Democratic, American, Democratic Party, Republican Party, Asian American, GOP Locations: U.S, Asian American, American, “

☆ America’s economy explains a lot about why Trump got reelected
▼ + stars: | 2024-11-06 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

That explains a lot about why Trump was reelected. Why the US economy stings so muchHousing: America’s home prices have reached new record highs for 15 straight months. No, really, the US economy is greatStill, Trump will be inheriting a strong economy — on paper, anyway. But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor. Consumer spending, which accounts for more than two-thirds of America’s economy, is surging, rising 3.7% last quarter, the highest rate of growth since the first quarter of 2023, according to the BEA.

Persons: Donald Trump’s, Trump, Joe Biden, Kamala Harris, they’re, Biden, Covid, That’s, Trump’s Organizations: CNN, Republican, US Department of Housing, Urban Development, Bank of America, Brookings Institution, White, Democratic, Democrat, Companies, Bureau of Labor Statistics, Gross, Economic, International Monetary Fund, Labor, BEA Locations: America

☆ Here's what President-elect Trump's tariff plan may mean for your wallet
▼ + stars: | 2024-11-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Trump's plan would reduce average after-tax incomes by almost 3%, according to the tax think tank. "If we get tariffs, we will pass those tariff costs back to the consumer," Daniele said in September. A back-of-the-envelope calculation suggests a 10% across-the-board tariff would be roughly equivalent to a $320 billion tax on consumers, Cross said. "The administration could take tariff revenue and redistribute to households via tax cuts in some form or another," explained Pugliese of Wells Fargo. However, the typical U.S. household would still lose $2,600 a year from Trump's tariff plan, even after accounting for an extension of the 2017 tax cuts, according to an analysis by the Peterson Institute for International Economics.

Persons: Donald Trump, Scott Olson, Biden, Trump, There's, Mark Zandi, didn't, Mike Pugliese, Moody's, Philip Daniele, Daniele, Olivia Cross, Cross Organizations: Getty, NBC, Trump, CNBC, Tax, National Retail Federation, Wells, Wells Fargo Economics, U.S, AutoZone, Capital Economics, U.S ., Peterson Institute for International Economics Locations: Grand Rapids , Michigan, Mexico, Wells Fargo, U.S, North America

☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

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