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☆ Jeep was a hot brand. Then Stellantis priced its fans out of its showrooms
▼ + stars: | 2024-11-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —The Jeep Gladiator was unveiled to great fanfare by then-owner Fiat Chrysler in 2018, the first pickup model for the hot brand in more than a quarter of a century. Gladiator sales have fallen steadily from the 2020 peak as a result and are down another 21% so far this year. The company’s relentless focus on short-term profits for 2023 had devastating consequences for Stellantis, Farris wrote. A car hauler transporting Jeep Wranglers drives past striking United Auto Workers members outside the Stellantis Jeep Plant in Toledo, Ohio, during the 2023 strike. One of the two factories at that assembly complex is about to lose one of the two shifts that builds the Jeep Gladiator.

Persons: Stellantis, Dodge, ”, Jessica Caldwell, Edmunds, “, Charlie Chesbrough, Kevin Farris, Carlos Tavares, Farris, Farris ’, Rebecca Cook, “ You’re, he’s, ” Farris Organizations: New, New York CNN, Fiat Chrysler, Fiat Chrysler’s, PSA Group, Gladiators, General Motors, Ford, Chrysler, Pacifica minivan, Toledo Assembly, Stellantis, Ford Motor, Cox Automotive, Dealers, Council, United Auto Workers, Jeep Wranglers, CNN, Challenger, Cherokee, Renegade Locations: New York, Toledo, Edmunds, Warren , Michigan, Stellantis, Toledo , Ohio

☆ Jim Cramer's big takeaway from the market reaction to Nvidia's earnings beat
▼ + stars: | 2024-11-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Nvidia's "biggest problem is allocation," Jim Cramer said, referring to the supply crunch for its next-gen Blackwell chips. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Blackwell, Jim, there's, Deere, There's, Stocks, Jim Cramer's, PANW, DOV Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Club, Deere, Palo Alto Networks, Palo, Blackwell, Electrical, Eaton, BJ's Wholesale Locations: Palo Alto, Dover

☆ Rep. Marjorie Taylor Greene tapped to work with Elon Musk and Vivek Ramaswamy as new DOGE subcommittee chair
▼ + stars: | 2024-11-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Rep. Marjorie Taylor Greene, R-Ga., attends a roundtable discussion with members of the House Freedom Caucus on the COVID-19 pandemic at The Heritage Foundation on Thursday, November 10, 2022. Rep. Marjorie Taylor Greene, R-Ga., has been tapped to lead a new House subcommittee that will work with the so-called Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy. Greene and House Oversight Chairman James Comer, R-Ky., have met with Ramaswamy and his team and are "already working together," a source familiar with the matter told CNBC on Thursday. "I'm excited to chair this new subcommittee designed to work hand in hand with President Trump, Elon Musk, Vivek Ramaswamy, and the entire DOGE team," Greene said in a statement to CNBC. It aims to investigate government waste, and seek out ways to reorganize federal agencies and cut red tape, the source said.

Persons: Marjorie Taylor Greene, Elon Musk, Vivek Ramaswamy, Greene, James Comer, Ramaswamy, Comer, Donald Trump, Trump Organizations: Caucus, Heritage Foundation, Government, CNBC, President, DOGE, Fox News Locations: Ky

☆ Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group
▼ + stars: | 2024-11-21 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Tiger Woods and Rory McIlroy's new golf league, TGL, is getting some fresh star power representing the Big Apple. Cohen Private Ventures, the family office of Steve Cohen, announced on Thursday that Eli Manning, Derek Jeter, CC Sabathia, Michael Strahan, John McEnroe and Jimmy Fallon are joining the New York Golf Club's investor group as limited partners. Cohen, who also owns Major League Baseball's New York Mets, acquired the rights to the New York Golf team last September. TGL is the new primetime, high-tech golf league launched by Woods, McIlroy and Golf Channel executive Mike McCarley. Former New York Yankees star Jeter told CNBC he was drawn to the investment opportunity because it combines his passion for golf and his love of New York.

Persons: Tiger Woods, Rory McIlroy's, Steve Cohen, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Cohen, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, Manning, TGL, Woods, McIlroy, Mike McCarley, Stephen Curry, Shaquille O'Neal, Kevin Durant, Shohei Ohtani, Mike Trout, Josh Allen, Serena Williams, Lewis Hamilton, Jeter, NYGC Organizations: Big Apple, Cohen Private Ventures, New, FedEx, Major League Baseball's New York Mets, New York Golf, CNBC, Former New York Giants, Golf Channel, PGA Tour, ESPN, National Basketball Association, MLB, National Football League, Former New York Yankees Locations: York, Palm Beach , Florida, TGL, New York, New

☆ Vance debuts new role as Trump’s point person on Capitol Hill
▼ + stars: | 2024-11-21 | by ( Alayna Treene | Steve Contorno | ) edition.cnn.com time to read: +8 min

Congressional Republicans acknowledge that Vance hasn’t necessarily developed longstanding relationships on Capitol Hill during his abbreviated time in Washington. His coattails turned a 49-51 senate to a 53-47 senate,” Vance wrote on X on Wednesday. The three developed a bond that predates the campaign and has carried into the early days of Trump’s transition. But when you look at the effectiveness of JD in the campaign, there’s no better surrogate for President Trump’s agenda,” the adviser said. “In JD’s view, his role of VP is to take on any issue that President Trump would like him to take on,” the person close to Vance told CNN.

Persons: JD Vance, Donald Trump’s, Vance, Matt Gaetz, he’ll, Pete Hegseth, Vance hasn’t, ”, North Dakota Sen, Kevin Cramer, Trump, “, Donald Trump, ” Cramer, ” Vance, “ Donald J, coattails, Joe Biden’s, Grace Chong, Steve Bannon’s, Chong, ” Trump, Tom Homan, ’, Tulsi Gabbard, Donald Trump Jr, —, Trump’s MAGA, Kamala Harris ’, JD, James Braid, “ Vance, you’ll, ” CNN’s Ted Barrett Organizations: CNN, Capitol, Trump’s Cabinet, Florida Rep, Fox News, Department of Defense, Senate, White, GOP, Cabinet, Trump, FBI, Republican, Democratic, Mar, Elon, JD, Central America —, “, White House Locations: Ohio, Washington, North Dakota, Central, Trump

San Diego native Kevin DiCicco is ready for his second act. The man credited with creating the movie “Air Bud” has experienced homelessness while battling multiple health issues, but the kindness of others is helping him get back on his feet. He believes that contributed to his ongoing respiratory issues that include chronic obstructive pulmonary disease. But after two or three minutes, you start getting short of breath,” DiCicco explained about his respiratory issues. In addition to health issues, the San Diego man says his 90-day limit at a North County homeless shelter is almost up.

Persons: Kevin DiCicco, Bud ”, ” DiCicco, Buddy, DiCicco, San Diego, ”, he’ll Organizations: San Diego, “ Locations: San, Gofundme, North County

• The US embassy in Ukraine’s capital Kyiv said it would be closed today after it received “specific information of a potential significant air attack.” Air raid sirens were activated in the city several times overnight. The US said it doesn’t see any indication that Russia is preparing to use a nuclear weapon in Ukraine. • Moscow’s fresh round of nuclear saber rattling follows the US move to allow Ukraine to strike targets deep inside Russia with American-made weapons. Ukraine hit a Russian weapons arsenal with the ATACMS missiles, which it fired across the border for the first time yesterday, according to two US officials — a major escalation on the 1,000th day of war. • The US has also approved sending anti-personnel mines to Ukraine for the first time, according to two US officials — another major policy shift.

Persons: Vladimir Putin, •, — Locations: Ukraine’s, Kyiv, Russia, Moscow, Ukraine, American, Russian

☆ Who is Cher's boyfriend Alexander Edwards? The 38-year-old music executive has a son with Amber Rose
▼ + stars: | 2024-11-20 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

AdvertisementCher is dating Alexander Edwards, a music executive and producer. Cher rose to fame alongside her first husband Sonny Bono, who was 11 years her senior. AdvertisementEdwards is a music-industry executive who has worked with Def Jam RecordsTyga and Alexander Edwards at the 2024 Victoria's Secret Fashion Show. AdvertisementAs for his future plans, Edwards told Stoned Fox that he's also interested in acting. "Slash Electric Alexander Edwards.. the world is urs now," he wrote in the caption, per People.

Persons: Alexander Edwards, Edwards, Slash, who's, Cher, Alexander, AE, Sonny Bono, Warren Beatty, Kevin Mazur, Stoned Fox, Coco Jones, Muni Long, Justin Bieber, LL, Rihanna, YK Osiris, Osiris, Riggs Morales, Kylie Jenner, He's, Tupac, Usher, Pharrell, Tyga, he's, Amber Rose Alexander Edwards, Amber Rose, Roger Kisby, Def Jam Rose, Donald Trump, Ye, Wiz Khalifa, Sebastian, Rose, urs, Rose accused Edwards, doesn't, Sonny, hadn't, Slash Electric Alexander Edwards, Elisabeth Egan Organizations: Def Jam, Sony Music, New York Times, Def Jam Records, Sony Music Publishing, Last Kings, Last Kings Records, Republican National Convention, TMZ, CBS, Slash Electric Locations: Los Angeles, England

☆ Senate Democrats seek evidence from FBI sex-trafficking probe of Trump AG pick Matt Gaetz
▼ + stars: | 2024-11-20 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Rep. Matt Gaetz, R-Fla., is seen outside a meeting of the House Republican Conference in the U.S. Capitol on Tuesday, January 3, 2023. The Senate Judiciary Committee asked the FBI on Wednesday for its "complete evidentiary file" of a prior investigation into the alleged sex trafficking of an underage girl by Matt Gaetz, who has been tapped as the next U.S. attorney general by President-elect Donald Trump. The Judiciary panel's request says that "the grave public allegations against Mr. Gaetz speak directly to his fitness to serve as the chief law enforcement officer for the federal government." The committee's Democratic majority, in a letter to FBI Director Chris Wray, noted that Gaetz's associate Joel Greenberg pleaded guilty in 2021 "to the sex trafficking charge for which Mr. Gaetz was also investigated." The 42-year-old Republican, who until last week represented a Florida district in the House of Representatives, has denied all wrongdoing.

Persons: Matt Gaetz, Donald Trump, Gaetz, Chris Wray, Joel Greenberg, Gaetz's Organizations: House Republican Conference, U.S, Capitol, FBI, Democratic, of Justice, Republican, DOJ Locations: Florida

☆ Ethics Committee deadlocks on releasing Matt Gaetz sex, drug probe report
▼ + stars: | 2024-11-20 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

The bipartisan House Ethics Committee deadlocked Wednesday on whether to release a report on its investigation into allegations of sexual misconduct and other wrongdoing by former Republican Rep. Matt Gaetz. Ethics Chair Michael Guest, R-Miss., told reporters after the closed-door meeting on Capitol Hill, "There has been no agreement to release the report." She stressed that the vote in the 10-member committee, which is evenly divided between Republicans and Democrats, fell along partisan lines. In September he said he would no longer voluntarily participate in the ethics probe, while revealing that the committee had asked him whether he ever "engaged in sexual activity with any individual under 18." Democrats on the Senate Judiciary Committee urged the FBI earlier Wednesday to turn over all the evidence it had gathered from its investigation into Gaetz.

Persons: Sen, JD Vance, Matt Gaetz, Donald Trump's, Michael Guest, Susan Wild of, Wild, Guest's, Gaetz, Trump, Guest, Gaetz's, Dick Durbin Organizations: U.S, Capitol, Republican, Republicans, Democrats, Department of Justice, DOJ, Senate Locations: Washington ,, Susan Wild of Pennsylvania

☆ Nvidia's answers to these 3 questions will impact where the red-hot stock goes next
▼ + stars: | 2024-11-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

"There's two things you need to know about Nvidia," Jim continued. Here's a closer look at a few key questions surrounding Nvidia's fiscal 2025 third-quarter report and the subsequent conference call at 5 p.m. Nvidia's triple-digit revenue growth in recent quarters is widely expected to moderate due to the law of large numbers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: you've, ChatGPT, Jim Cramer, Jim, there's, Blackwell, Jensen, Blackwell pushouts, we're, We're, we've, Hopper, —, Gross, Huang, Colette Kress, Nvidia, Kress, Jim Cramer's, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, AMD, Blackwell, Analysts, Truist Securities, Bank of America, Susquehanna, Microsoft, Meta, Sovereign, Evercore, Enterprise, CNBC, AFP, Getty Locations: CQ4, Japan, Indonesia, India, Denmark, Taipei

☆ 'Moana' star Auli'i Cravalho says she kept deferring her Columbia place so the acting 'train' didn't come to a 'halt'
▼ + stars: | 2024-11-20 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

AdvertisementAuli'i Cravahlo told "Podcrushed" about deferring a Columbia University place in favor of her career. Auli'i Cravalho, the voice of Moana, said she decided to pause her education aspiration over fears her acting career would lose steam. Cravalho began her acting career at 14, debuting as Disney's first Polynesian princess in 2016's "Moana." Still, Moana is her most popular role as she prepares to return the character in "Moana 2," which is out next week. Cravalho told Scary Mommy and The Cut last year she now has to reapply to Columbia because she deferred her place too many times.

Persons: Auli'i Cravahlo, Glen Powell, Anne Hathaway, Auli'i Cravalho, Moana, Cravalho, Scary, she'd, I'm, Jake Gyllenhaal, Timothée, Powell, Kevin Mazur, YouGov, Gen, Joseph Fuller Organizations: Columbia University, Walt Disney Studios, Columbia, University of Texas, New York, National Center for Education Statistics, Deloitte, Business, Harvard Business School Locations: Moana

☆ Jaguar debuts its new branding in a video — and it's missing one thing: cars. It's getting roasted by some online.
▼ + stars: | 2024-11-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

And some conservative personalities are calling out the company's new video ad for being too "woke." But that "exuberant modernism," particularly in the company's video ad, is being mocked by some people online. AdvertisementJaguar's new video ad features models in colorful, modern clothing, and doesn't show any cars. (Current Jaguar models left in their inventories will be sold as pre-owned, a company spokesperson previously told Business Insider.) Jaguar's new brand strategy was created by its own in-house design team, not an external agency, according to the UK's Creative Review.

Persons: Tesla's Elon, Tesla's Elon Musk, Gerry McGovern, Elon Musk, Musk, India's Tata, Ian Miles Cheong, Nick Freitas, Bud Light, Bud, Kevin Dahlstrom, it's, Martin Brundle, who's, they're Organizations: Jaguar, Rover, India's, India's Tata Motors, Conservative, Republican, Delegates Locations: Miami, EVs, Virginia

Leppard said his clients only spoke to the Ethics Committee after receiving a subpoena and would only testify in public "with a valid legal subpoena that requires them to speak." But he said he would prefer to get that information either through the House Ethics Committee report or from the Justice Department. But, he added, that getting a copy of the House Ethics Committee report would be “the right starting point, politically balanced and complete. Wild and other Democrats on the House Ethics Committee want the report released to the public — or at least sent to Senate Judiciary members for their review. “I have not dictated anything to the Ethics Committee.

Persons: WASHINGTON —, Matt Gaetz, Gaetz, Joel Leppard, Leppard, Donald Trump, rouser, haven’t, Trump, Mckenzie Lange, Dick Durbin, he’s, ” Durbin, Michael Guest, Susan Wild, Mike Johnson, “, I’ve, ” Johnson, “ I’m, ” Leppard, Sen, Richard Blumenthal, victimize, ” “, ” Blumenthal, JD Vance, Kevin Cramer, Cramer Organizations: NBC News, USA Today Network Senate, Justice Department, NBC, Trump, Judiciary, Committee, Senate Locations: Orlando, America, Richard Blumenthal of Connecticut

Trump has been “heavily working the phones” to Republican senators for their support on behalf of Gaetz, according to a transition official. Trump announced Gaetz as his pick nearly a week ago. The official said Trump’s transition knows Gaetz is the toughest confirmation they will have to fight for by far. Sen. Kevin Cramer, R-ND, said he had received a phone call from Trump personally urging him to support Gaetz. This year, Trump announced his first pick to be White House Chief of Staff Susie Wiles just two days after election day.

Persons: Donald Trump, Justice Department — Matt Gaetz —, Trump, JD Vance, Chris Wray's, Vance, Biden, Pete Hegseth, Gaetz, “ Trump, Sen, John Thune, Kevin Cramer, ” Cramer, Ron Klain, Susie Wiles, Ben Carson, Carson, Elon Musk, Musk, Howard Lutnick Organizations: Justice Department, FBI, Trump, State , Defense, Homeland Security, Commerce, National Intelligence and National Security, White, Urban, Treasury Department, ‘ Department, Government Locations: Mar

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

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

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

☆ Federal jobs are known for their stability. Now they could be in jeopardy as Musk pushes for deep spending cuts.
▼ + stars: | 2024-11-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Tech: We're in the middle of a white-collar recession, and tech workers are shouldering much of it . We're in the middle of a white-collar recession, and tech workers . AdvertisementElon Musk's government efficiency commission has been tasked with cutting government spending, raising questions about the future of millions of jobs. Tech jobs are mired in a recession. White collar hiring is in a huge slump, and tech workers are some of the hardest hit .

Persons: Trump hasn't, Tesla, Chelsea Jia Feng, Madison Hoff, Vivek Ramaswamy, Musk, Alice Tecotzky, John L, Dorman, Allison Robbert, Scott Bessent, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Kevin Warsh, Trump, Goldman Sachs, Morgan Stanley, Natalie Ammari, Uber, Verily, —, Rebecca Zisser, Elon Musk, Bluesky —, Jake Paul's, Netflix's Jake Paul, Mike Tyson, wasn't, Donald Trump's, Satya Nadella, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Google, Trump, Tech, Getty, Elon, Department of Education, Veterans Affairs, Department of Government, Social Security, Medicare, Twitter, Getty Government, Allison, Treasury, BCA Research, Goldman, BI, LinkedIn, Microsoft, China Economic, Security, Walmart Locations: Washington , DC, China, Brazilian, New York, Chicago, London

☆ 3 traits 'ultra-high net worth individuals' look for when hiring, according to a recruiter
▼ + stars: | 2024-11-19 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

In her more than 14 years working at the firm, "I really homed in on a niche of working with private family offices, ultra-high net worth individuals, celebrities, athletes, musicians," she says. She helps them fill all sorts of roles: "chief of staff, personal assistants, estate manager staff," nannies, personal chefs, etc. Though the types of roles they're hiring for vary, Levine says there are three traits that many of her successful clients always look for in an employee. Depending on the person she's recruiting for, they might need help organizing their calendar or they might need help moving their business forward. Whatever the problem, they ultimately want someone "who's going to provide solutions and improve their efficiency throughout the day."

Persons: Emily Levine, Levine, Kardashian, Jenner, Kevin Costner, Maria Shriver Organizations: NBA

☆ Biden fades from view as he exits the world stage
▼ + stars: | 2024-11-19 | by ( Kevin Liptak | Kayla Tausche | ) edition.cnn.com time to read: +10 min

Mauro Pimentel/AFP/Getty ImagesThe moment was a fluke, the type of logistical error that’s almost inevitable at gatherings of almost two dozen world leaders. Yet it was difficult to ignore the impression it left: that Biden is disappearing from view as the world turns its attention to his successor. What members of Biden’s team have been willing to acknowledge is how little they actually know about what Trump and his team may be planning. In Lima and Rio de Janiero, Biden fielded no questions from the press and his aides spoke only off-camera. Reporters had opportunities to ask Biden questions at the G20 summit in Rome in 2021, in Bali in 2022, and in Vietnam in 2023, following the summit’s conclusion in India the prior day.

Persons: Joe Biden’s, Donald Trump, Trump, Biden, I’m, ”, ” Biden, he’s, Xi, India’s Narendra Modi, Turkey’s Recep Tayyip Erdoğan, Justin Trudeau, Mauro Pimentel, Erdogan, Trump’s, “, ” Trump, Javier Milei —, —, elect’s, ” Biden’s, Tulsi Gabbard, Pete Hegseth, Jake Sullivan, “ They’ll, White, Janiero, Sullivan, India’s Modi, Emmanuel Macron, Olaf Scholz, Barack Obama, Obama, we’re, ” Obama Organizations: Rio de Janeiro CNN, Trump, Biden, Canadian, Photographers, Getty, “ YMCA, Pentagon, White, Seven, NATO, Lima Convention Center, APEC Locations: Rio de Janeiro, South America, Peru, Brazil, AFP, Lago, Florida, America, Lima, Rio, Finland, Rome, Bali, Vietnam, India, France, Paris, Berlin, United States

☆ Trump escalates test of strength over Gaetz pick
▼ + stars: | 2024-11-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Video Ad Feedback Lawyer describes client's testimony in House Ethics Committee investigation of Gaetz 03:04 - Source: CNNThe Ethics Committee report has quickly become the first big crisis of the nascent second Trump administration. A small handful of Republican senators would be needed to defect in order to block Gaetz’s nomination when the party controls the Senate majority next year. GOP senators could pay a price for a prolonged confirmation fightIf Trump sticks with his pick, Republican senators feeling the MAGA movement’s pressure could be forced to defend Gaetz for weeks. Maine Sen. Susan Collins told CNN’s Raju that it would be “helpful” to see the House Ethics report. “Whether we get the ethics report or not, the facts are going to come out one way or the other,” Cornyn said.

Persons: Donald Trump, Matt Gaetz, Joel Leppard, CNN’s Erin Burnett, Gaetz, Mike Johnson, Trump, Dakota Sen, Kevin Cramer, ” Cramer, CNN’s Manu Raju, MAGA, Cramer, Pete Hegseth, Robert F, Kennedy Jr, Florida Republican –, Capitol Hill, it’s, Washington Trump, Bill Clinton, Zoë Baird, Kimba Wood, Maine Sen, Susan Collins, CNN’s Raju, Texas Sen, John Cornyn, ” Cornyn, “, Johnson, Susan Wild of, won’t, —, ” CNN’s Kristen Holmes, Axios, Kennedy, Hegseth, Tulsi Gabbard, It’s Organizations: CNN, Florida Republican, Justice Department, Trump, Gaetz, Fox News, Human Services Department, GOP, Capitol, FBI, Democrat, —, National Intelligence, Senate, Republican, North Dakota Republican Locations: Dakota, Washington, Texas, Susan Wild of Pennsylvania

☆ Elon Musk and Vivek Ramaswamy want to 'delete' parts of the US government. It won't be easy.
▼ + stars: | 2024-11-19 | by ( Alice Tecotzky | John L. Dorman | ) www.businessinsider.com time to read: +7 min

AdvertisementElon Musk and Vivek Ramaswamy are set to co-lead the DOGE in President-elect Trump's second term. In their roles as co-leaders of the forthcoming Department of Government Efficiency, Elon Musk and Vivek Ramaswamy have vowed to "delete" government agencies, much like a line of code. "Or does it mean that a different federal agency will assume the responsibilities of collecting income taxes?" Allison Robbert-Pool/Getty Images"The president can't 'delete' departments — or even almost all of government's subunits. Kettl said that any effort to delete the functions of a department is "an even bigger battle" than trying to delete a department itself.

Persons: Elon Musk, Vivek Ramaswamy, Trump's, Ron DeSantis, Kevin Kosar, DOGE's, Ramaswamy, Donald Trump, Mordecai Lee, aren't, haven't, Kosar, Allison Robbert, Donald Kettl, Elaine Kamarck, Bill Clinton, Kamarck, Kettl, Lee, they've, nix, it's Organizations: Republicans, of Government Efficiency, Elon, Florida Gov, American Enterprise Institute, Fox News, Internal Revenue Service, Federal Bureau of Investigations, Alcohol, Firearms, Tobacco, Department of Education, University of Wisconsin -, Trump, Republican, University of Maryland, Brookings Institute, of Education, Farmers, of Agriculture, USDA, Conservative Locations: Florida, University of Wisconsin - Milwaukee

☆ How Trump's rich Cabinet members could save millions thanks to a little-known tax break
▼ + stars: | 2024-11-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

AdvertisementTwo of the reported candidates for Treasury Secretary made their fortunes on Wall Street, including billionaire Apollo CEO Marc Rowan. Eligible federal appointees can defer capital gains taxes indefinitely when they sell stock or other assets in order to avoid a conflict of interest. As a top earner in New York, they would normally have to pay more than $3 million in capital gains taxes. The sum that would have been spent on capital gains taxes is now free to compound and grow. The IRS allows investors to defer capital gains taxes in other scenarios that are deemed outside their control.

Persons: Donald Trump's, Trump, Howard Lutnick, Cantor Fitzgerald, Major Trump, Chris Wright, Marc Rowan, Bush, Goldman Sachs, Henry Paulson, George H.W, Bob Willens, You've, Scott Bessent, frontrunners, eyeing Rowan, Kevin Warsh, Morgan Stanley, Warsh, Jane Lauder, Rowan, Ed Renn of Withersworldwide, Penny Pritzker, Mark Parthemer, Willens, Renn Organizations: Commerce, of Energy, Treasury, Executives, Columbia Business School, Federal Reserve, Government, IRS Locations: George H.W . Bush, New York

☆ Biden’s major missile reversal complicates potential western diplomatic thaw with Moscow
▼ + stars: | 2024-11-19 | by ( Kayla Tausche | Kevin Liptak | ) edition.cnn.com time to read: +6 min

But it also complicated the diplomatic dance leaders attending the G20 summit must partake in as they navigate the complex geopolitical dynamics of the bloc. Lavrov attended the G20 in place of Russian President Vladimir Putin, who faced questions about whether he could be arrested for war crimes on international soil. In his remarks at the close of the summit, Lavrov also hailed the German government’s refusal to send Taurus cruise missiles to Ukraine as a “responsible stance,” TASS reported. There had been hope among western officials of a strong statement denouncing Russia’s invasion at the conclusion of the summit. American officials were unsurprised to learn Moscow had updated its nuclear doctrine following Biden’s decision on long-range missiles.

Persons: Russia “, Sergey Lavrov, Lavrov, Vladimir Putin, Volodymyr Zelensky, Putin, –, Biden, Donald Trump, Olaf Scholz, Emmanuel Macron, It’s, Trump, Mike Waltz, “, ”, We’ve, I’m, Jon Organizations: Rio de Janeiro CNN, West, White House, ” TASS, Ukraine, NATO, Fox News, Trump Locations: Rio de Janeiro, United States, Ukraine, Russia, Russian, Rio ., Moscow, Rio, Florida, New Delhi

And Gaetz himself has been making calls to GOP senators and visiting his own loyalists in the House GOP. The pressure is all building ahead of a planned Wednesday meeting of the House ethics panel, which is expected to discuss the fate of the report. But privately, Republicans on the panel are signaling that they could bury the report as Gaetz and Trump are making direct appeals. In a call last week to GOP Sen. Josh Hawley, Gaetz urged him “to give him a shot,” Hawley told CNN. Meanwhile, nearly 100 House Democrats are calling on the House Ethics Committee to “immediately” release the report.

Persons: Matt Gaetz, J.D, Vance, Donald Trump’s, Gaetz, GOP Sen, Chuck Grassley, we’ve, ” Grassley, “ You’ve, …, Sen, John Kennedy, Pete Hegseth, Elise Stefanik, Doug Collins, Trump, Lindsey Graham, Judiciary —, Josh Hawley, “, ” Hawley, Hawley, Mike Simpson, ” Simpson, ”, Simpson, Kevin McCarthy, “ Matt, Rogers, Gaetz wouldn’t, Tim Burchett, he’s, Glenn Ivey, Ivey Organizations: CNN, GOP, Capitol Hill, Republican, Trump, Louisiana Republican, Fox News, Department of Defense, United Nations, Veterans Affairs, Judiciary, House, Caucus, Missouri Republican, Republicans, Armed, Democrats, Capitol, Florida congressman, ” Democratic, Maryland Locations: Trump, Louisiana, United, Gaetz, Florida

☆ Xpeng's CEO says most Chinese carmakers will not survive the next decade
▼ + stars: | 2024-11-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But Xpeng's CEO, He Xiaopeng, says most Chinese carmakers will not exist in 10 years. He predicted that only seven major car companies would eventually be left in China. Xpeng CEO He Xiaopeng doesn't think most Chinese carmakers will survive the next decade. AdvertisementMercedes-Benz CEO Ola Källenius took a similar position to He when asked about the threat posed by Chinese EV makers at the Berlin Global Dialogue conference in October. Chinese carmakers like BYD have also attempted to conquer the global electric vehicle market.

Persons: Xiaopeng, Ola Källenius, Källenius, Stephen Dyer, BYD, Brian Gu Organizations: EV, Singaporean, The Straits Times, Business, CNA, Benz, Berlin Global, Getty, —, Wall Street Journal, Research, BI Locations: China, Xpeng, Thailand, Brazil

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