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High risk of natural disaster and extreme heat For two decades, they’ve also been some of the most popular places to move as Americans have flocked to the South and West. Much of Vermont, which is not highlighted as high risk in the maps above, saw devastating flooding last year following a record-breaking storm. Jacksonville Tallahassee Gainesville Daytona Beach Orlando Tampa HIGH HURRICANE WIND RISK Sarasota The Tampa metro area has been one of the fastest growing in the country. Many of these new residents have settled in coastal communities that are at high risk for hurricanes. Dallas-Fort Worth sits in an area at high risk for serious thunderstorms, hailstorms and tornadoes.

Helene was forecast Wednesday evening to become a dangerous Category 4 hurricane before it makes landfall in Florida's Big Bend area Thursday night. This is the biggest storm in the history of the city of Tallahassee to hit us head-on,” Mayor John Dailey told NBC News on Wednesday evening. “If the city of Tallahassee is hit directly by a Category 3 hurricane, it’ll be the strongest hurricane in recorded history ever to hit our community. Tallahassee State College professor Pamela Andrews helps prepare for possible flooding as Hurricane Helene heads toward the Florida Gulf Coast in Tallahassee on Wednesday. Three major colleges, Florida State University, Florida A&M University and Tallahassee State College, have canceled classes for the rest of the week.

Persons: Helene, John Dailey, “, Leslie Powell, “ I’m, ”, Powell, “ I’ve, ” Dailey, Dailey, Pamela Andrews, Sean Rayford, Leroy Peck, Peck, Daniella Silva, Major Thornton III, “ You’ve, ” Major Thornton III, Ahmiyah Phillips, Hurricane Michael, Latoya Williams, can’t, I’ve Organizations: ”, NBC News, National Hurricane Center, Tallahassee State, Florida Gulf, NBC, ., . Tallahassee International, Florida State University, Florida, M University, Tallahassee State College Locations: TALLAHASSEE, Fla, —, Florida’s, Tallahassee, Florida's Big Bend, Florida, Quincy, Gadsden County, Mexico, United States, . Tallahassee

He said their rhetoric is responsible for threats and violence against him, even though they routinely denounce political violence and did so on Sunday. In turning so fast to Biden and Harris, Trump skipped past appeals for sympathy and even a perfunctory call for calm or unity. The Secret Service fired at a suspect, who fled and was quickly apprehended by police. "I am thankful that former President Trump is safe." The area around Trump International Golf Club was secured after an apparent assassination attempt on Donald Trump in West Palm Beach, Fla., on Sunday.

Persons: Donald Trump, Trump, Kamala Harris, Joe Biden, Elon Musk, Biden, Harris —, Harris, Ric Bradshaw, Mike Johnson, Ronald Rowe, Johnson, won’t, —, Spencer Platt, Musk, Joe Raedle, We're, ” Trump, George Floyd's, Nancy Pelosi's, — Biden — Organizations: Biden, Republican, Secret Service, Trump, ABC, Fox News, Convention, Republican National Convention, Democratic Party, Democrat Party, Trump International Golf, Minneapolis police, Capitol Locations: Palm, Palm Beach, Mar, Butler , Pennsylvania, Pennsylvania, Milwaukee, New York, West Palm Beach, Fla

☆ Opening statements are set in the trial of 3 ex-Memphis officers charged in Tyre Nichols’ death
▼ + stars: | 2024-09-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

MEMPHIS, Tenn. — Opening statements were expected Wednesday in the federal trial of three former Memphis police officers charged with federal civil rights violations in the January 2023 beating death of Tyre Nichols. Police video released that month showed the five officers, who also are Black, beating Nichols as he yelled for his mother about a block from his home. The officers said Nichols was pulled over for reckless driving, but Memphis’ police chief has said there is no evidence to substantiate that claim. The three officers now facing trial, along with Martin and Mills, were fired for violating Memphis Police Department policies. They had been members of a crime suppression team called the Scorpion Unit, which was disbanded after Nichols’ death.

Persons: Tyre Nichols, Nichols, Mark Norris, Tadarrius Bean, Demetrius Haley, Justin Smith, Emmitt Martin III, Desmond Mills Jr, Black, Martin, Mills, Preston Hemphill, pummeled, Hemphill, Dewayne Smith, Bill Lee, “, Lee Organizations: Memphis, Prosecutors, U.S, District, Police, Former Memphis, FedEx, Memphis Police Department, Scorpion Unit, Tennessee Gov, Republican Locations: MEMPHIS, Tenn, Memphis

☆ Trial of 3 former Memphis officers charged in Tyre Nichols' death set to begin
▼ + stars: | 2024-09-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

MEMPHIS, Tenn. — Jury selection was scheduled to begin Monday in the federal trial of three former Memphis officers charged with violating the civil rights of Tyre Nichols, the 29-year-old man whose fatal beating was caught on police cameras while also triggering protests and calls for police reform. Officers caught up with Nichols and pummeled him in a Memphis neighborhood, police video showed. An autopsy report showed Nichols died from blows to the head and that the manner of death was homicide. The three officers now facing trial, along with Emmitt Martin III and Desmond Mills Jr., were fired after Nichols’ death for violating Memphis Police Department policies. Mills and Martin both have pleaded guilty in federal court and they could testify in the trial.

Persons: Tyre Nichols, Tadarrius Bean, Demetrius Haley, Justin Smith, Nichols, pummeled, Lucy Garrett, Black, Emmitt Martin III, Desmond Mills Jr, Mills, Martin Organizations: Memphis, Mississippi, Christian Church, FedEx, Memphis Police Department Locations: MEMPHIS, Tenn, Memphis

☆ Companies are caving to anti-DEI crusaders. That’s bad for business
▼ + stars: | 2024-09-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

(And in doing so, gave rise to a generation of hilarious “That’s why, for this pride month, I’ve partnered with” memes. But more damaging than the cringe of a tone-deaf tweet about diversity is when companies give up on the performance altogether. This week, Molson Coors, a longtime sponsor of Pride events and partner to LGBTQ+ nonprofits, joined the list. A Molson Coors representative declined to comment beyond the memo. Coors Light may have looked at its rival getting pummeled by right-wing pundits and feared being the next target.

Persons: CNN Business ’, Kendell Jenner, I’ve, John Deere, Davidson, Molson Coors, Coors, Robby Starbuck, ”, Nathaniel Meyesohn, Starbuck, George Floyd, Bud Light, Cait Lamberton, “, you’ve, pummeled, they’re, Tom Sebok, Molson, Sebok Organizations: CNN Business, New York CNN, Pepsi, Harley, Tractor Supply, Molson Coors, Molson, Human Rights, Coors, DEI, University of Pennsylvania’s Wharton School of Business, The New England Consulting Locations: New York, America, United States

☆ Rising NFL valuations mean massive returns for owners. Here's how good the investment is
▼ + stars: | 2024-09-05 | by ( Michael Ozanian | ) www.cnbc.com time to read: +7 min

watch nowA National Football League team today is a $6.5 billion business. That is the average value of the NFL's 32 franchises, according to CNBC's Official 2024 NFL Team Valuations. Across the past 10 NFL teams to be sold, seven of the 10 outperform the S&P 500 on a percentage-gained basis in the period since the sale. Rising valuationsThe escalation in football team values is largely the result of the league's massive and growing media deals. The typical NFL team has an EBITDA margin of 19%.

Persons: Robert McNair, That's, Peacock, Taylor Swift, Allen J, Tampa Bay's Raymond James, Ryan Flournoy, Matt Hankins, Ron Jenkins, Rob Walton, Josh Harris, Jerry Jones, Jones Organizations: National Football League, Pro, Houston Texans, NFL, Texans, Super, Washington, Denver Broncos —, Miami Dolphins, Comcast, Disney, Paramount, Fox, YouTube, NFL Sunday, Amazon Prime, Thursday, Netflix, CNBC, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Kansas City Chiefs, Los Angeles Times, Getty, Tampa, New England's Gillette, Lincoln Financial, Dolphins, Dallas Cowboys, Los Angeles Chargers, T, Denver Broncos, Tampa Bay Buccaneers, Cowboys, The Cowboys, Dallas Locations: U.S, Chicago, Green Bay ; Wisconsin, Buffalo , New York, New York, Los Angeles, Inglewood , California, Arlington , Texas

I prosecuted them in case after case, and I won.”A day earlier, the Harris campaign released a television advertisement highlighting her pivot. Her stance reflects a change in public opinion since Mr. Trump left the White House in 2021. The decision for the Harris campaign to frame her record as California attorney general as a “border-state prosecutor” stands in contrast to how she ran in the 2020 Democratic primary. “Donald Trump tanked the deal,” Ms. Harris said in Arizona as a crowd of more than 15,000 supporters booed. “Voters want to see folks be serious about actually fixing the broken immigration system and securing the border,” Ms. Cox said in an interview.

Persons: Kamala Harris, Biden’s, Harris, Donald J, Trump, “, Ms, ”, Bill Clinton, Biden, Mr, ” —, Kamala, Chris DeRose, ” Mr, DeRose, “ There’s, “ Donald Trump, ” Ms, ” Jen Cox, Mark Kelly, Cox, Tom Suozzi, Suozzi, ” Harris, Mike Madrid, Harris’s, Obama, Madrid, Donald Trump, ” Michael Gold, Reid J, Epstein Organizations: Republicans, Democratic, Republican, White House, Biden, Trump, America, Democrats, Mr, “, Democrat Locations: Arizona, U.S, United States, California, “, Montana, Maricopa County, New York, Bozeman, Mont, Washington

For weeks, Republicans have pummeled Vice President Kamala Harris on immigration, blaming her for President Biden’s policies at the border. Now, Ms. Harris, the Democratic presidential nominee, is seeking to neutralize that line of attack, one of her biggest weaknesses with voters, running a playbook that Democrats say has worked for them in recent elections and staking out her clearest position yet as a tough-on-crime prosecutor focused on securing the border. “I was attorney general of a border state,” Ms. Harris, who was once California’s top prosecutor, said on Friday at a rally in Arizona, a swing state where immigration is a top concern for voters. “I went after the transnational gangs, the drug cartels and human traffickers. I prosecuted them in case after case, and I won.”

Persons: Kamala Harris, Biden’s, Harris, Donald J, Trump, “, Ms, ” Organizations: Republicans, Democratic, Republican Locations: U.S, Arizona

☆ JPMorgan says the carry trade that pummeled markets is only half done
▼ + stars: | 2024-08-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The unwinding of the carry trade that's battered stocks in recent days isn't done, JPMorgan says. It says that trade is probably only half over, as Japan looks poised to continue raising rates. AdvertisementThe "carry trade" unwind that helped spark the bloodbath in US stocks over the past few days likely isn't close to over, a JPMorgan strategist says. Market commentators say that's been partly stoked by a surprise 15-basis-point interest-rate hike in Japan, which triggered some investors to unwind a trade that's become popular in recent years. In this trade, investors borrow cheap yen and deploy the cash into higher-yielding assets elsewhere, like US stocks.

Persons: —, Arindam Sandilya, that's, Sandilya Organizations: JPMorgan, Service, FX, Bloomberg, Bank of Locations: Japan, Bank of Japan

☆ Big tech stocks got clobbered on Monday — What investors are looking for before they buy more
▼ + stars: | 2024-08-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

A sharp sell-off in 2024's winning tech giants has left investors wondering whether it's safe to scoop up the pummeled shares. At one point during Monday's rout, the "Magnificent Seven" stocks combined had lost nearly $1 trillion in value , later recovering some of the losses. To be sure, some investors on Wall Street are pumping the brakes after Monday's sell-off, cautioning others to hold off on buying the dip just yet. Many investors viewed the sell-off as a necessary pullback in what's been a seemingly endless uptrend in the market. Like many investors, he also views Monday's pullback as a small blip in the AI trade's record run.

Persons: That's, Jamie Meyers, Management's Paul Meeks, CNBC's, Tengler's Meyers, Kayne Anderson, Julie Biel, Adam Sarhan, Jay Woods Organizations: Federal Reserve, Investments, Wall, Broadcom, Microsoft, Tesla, CNBC, Nasdaq, Nvidia, Freedom Capital Locations: U.S

The S & P, Nasdaq and Dow also are on pace to snap three-session losing streaks Tuesday. Breaking through: The S & P 500 may be down about 1% the past two days, but that doesn't mean every stock is down. 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, Hugh Johnston, Bob Iger, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Dow, Club, Nvidia, Meta, Broadcom, Costco, Disney, Devices, Dover, ABC, Netflix, CVS Health, Novo Nordisk, Emerson Electric, Jim Cramer's Charitable Locations: Eaton, Dover, U.S

☆ Dan Niles bought more Nvidia during the sell-off, says it can double from here as AI builds out
▼ + stars: | 2024-08-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nvidia shares can double from these levels, according to portfolio manager Dan Niles. That's why he's been buying more of the chipmaker as its stock has been pummeled during the recent sell-off. "We think they're going to have a beat-and-raise quarter." Nvidia shares dropped nearly 7% on Thursday, building on a 5.3% loss in July. Niles believes the AI story for Nvidia has more room to run, noting that shares don't look so expensive when adjusting for its growth rate.

Persons: Dan Niles, he's, CNBC's, Niles, we've Organizations: Niles Investment Management, Nvidia, Cisco Systems

☆ The Threat of More War
▼ + stars: | 2024-08-01 | by ( Vivian Nereim | ) www.nytimes.com time to read: +1 min

Yesterday, Iran and Hamas accused Israel of killing Ismail Haniyeh, one of the most senior leaders of Hamas, while he was in Tehran. (Haniyeh was Hamas’s lead negotiator in cease-fire talks to end the Gaza war, which began with the Oct. 7 attacks.) And the groups themselves say they do not want a wider regional war. (Hamas has said it wants a wider war, but it is depleted from nearly 10 months of conflict in Gaza.) That’s why, in the span of a few months, Israeli bombs have hit Lebanon, Syria, Iran and Yemen.

Persons: amity, Israel, Ismail Haniyeh Organizations: United, Diplomats Locations: East, Iran, Saudi Arabia, Tehran, United Arab Emirates, Iranian, Gaza, Yesterday, Beirut, Lebanon, Syria, Yemen, It’s

☆ The stock market is gearing up for its rate cut era
▼ + stars: | 2024-07-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Data Thursday showed the economy expanded at a robust 2.8% annualized rate during the second quarter, blowing past economists’ expectations. While the Fed has penciled in just one rate cut for this year, traders are betting on up to three, according to the CME FedWatch Tool. While the market was broadly higher on Friday, the S&P 500 and Nasdaq on Wednesday logged their worst daily performances since 2022. Shares of smaller companies tend to perform poorly when rates are high, since they have more floating rate debt than their larger counterparts. Investors are also picking at other areas of the market poised to gain when rates come down.

Persons: —, Dow, Russell, Stephen Lee Organizations: New, New York CNN, Federal Reserve, Big Tech, Nasdaq, MRB Partners, YouTube, Logan Capital Locations: New York

☆ Opinion | We Need to Decide Which Beaches to Save — and Which Ones to Abandon
▼ + stars: | 2024-07-15 | by ( Sarah Stodola | ) www.nytimes.com time to read: +1 min

Last December a surprise storm passed through Florida’s Pinellas County, ripping away beaches and wiping out half of the sand dunes from St. Petersburg to Clearwater. Beach communities around the world are spending staggering sums replacing sand as big storms and rising seas wash it away. For many communities, engineering the beach is worth the hefty price tag to protect properties and tourism. But as climate change hastens beach erosion, trucking or shipping huge quantities of sand to replenish beaches is likely to become economically untenable and logistically impractical. Beaches were intended to move around, and they’re better off when they do.

Persons: they’re Locations: Florida’s Pinellas County, St, Petersburg, Clearwater, Beach

☆ Russia's showing NATO its hand in the air war over Ukraine
▼ + stars: | 2024-07-13 | by ( Sinéad Baker | Jake Epstein | ) www.businessinsider.com time to read: +21 min

Experts told Business Insider the Ukraine war has underscored how some elements of modern air combat are radically changing. And in fights like Desert Storm and the Iraq War, the West established air superiority by taking out its opponent's air defenses. The Russian air force can't meet Western air forces air to air in a major attack without being "shot to pieces," Bronk said. "Nobody really wants an air war with Russia," said John Baum, a Mitchell Institute expert and retired US Air Force lieutenant colonel. "It is not a highly desirable thing, I think, from either side, to want to have this air war."

Persons: It's, Justin Bronk, hasn't, DIMITAR DILKOFF, Bronk, Andrew Curtis, Mark Cancian, Guy Snodgrass, Hoshang, Giorgio Di Mizio, David Allvin, it's, James Hecker, NATO hadn't, " Hecker, that's, Maxim Shemetov, Fabian Hinz, Riivo Valge, Mattias Eken, They're, Paula Bronstein, Anthony Sweeney, US Army Cancian, REUTERS Lockheed Martin, Timothy Wright, disaggregation, Schmuelgen Jarmo Lindberg, Evelyn Hockstein Valge, John Baum Organizations: Kyiv, NATO, Business, Royal United Services Institute, Western, Getty, US Air Force, Storm, Marine, Center for Strategic, International Studies, Russian Defense Ministry Press, AP Russia, AP, Hudson Institute nonresident, International Institute for Strategic Studies, REUTERS, RAND Corp, Patriots, US Army, West, Patriot, Ukraine, REUTERS Lockheed, Finnish Defense Forces, Eurofighter Typhoons, Mitchell Institute Locations: Ukraine, Russia, Russian, AFP, Iraq, Europe, West, Afghanistan, Baltic, Western Europe, Estonian, Finnish, Finland, Washington

☆ Why meteorologists avoid afternoon and evening flights in the summer
▼ + stars: | 2024-07-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

"I broke the one rule you should never ever break," the 9News Denver meteorologist told his followers. Advertisement"It was a fun trip, and I did not have to work the next day," Bianchi told BI. Hot air rises, so the warm summer air near Earth's surface starts to rise to higher, cooler altitudes. Morning flights can help you avoid cascading delaysBooking morning flights doesn't just help you avoid nasty weather — it also cushions you against delays that build up throughout the day. Knowing all that science and flight logistics, Bianchi's takeaway is simple: "Book a flight in the morning in summer," he said.

Persons: —, Chris Bianchi, I'm, didn't, Tom Green, Bianchi, Bianchi didn't, Ethan Miller, Alyssa Glenny, Hurricane Beryl, Beryl, Glenny Organizations: Service, LaGuardia Airport, Business, McCarran International Airport, Tornado, Reuters Locations: Denver, United States, Las Vegas , Nevada, Chicago, LaGuardia, Miami, Lakes, New England, Texas

☆ Once a G.O.P. Rallying Cry, Debt and Deficits Fall From the Party’s Platform
▼ + stars: | 2024-07-11 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

When Donald J. Trump ran for president in 2016, the official Republican platform called for imposing “firm caps on future debt” to “accelerate the repayment of the trillions we now owe.”When Mr. Trump sought a second term in 2020, the party’s platform pummeled Democrats for refusing to help Republicans rein in spending and proposed a constitutional requirement that the federal budget be balanced. Those ambitions were cast aside in the platform that the Republican Party unveiled this week ahead of its convention. Nowhere in the 16-page document do the words “debt” or “deficit” as they relate to the nation’s grim fiscal situation appear. The platform included only a glancing reference to slashing “wasteful” spending, a perennial Republican talking point. To budget hawks who have spent years warning that the United States is spending more than it can afford, the omissions signaled the completion of a Republican transformation from a party that once espoused fiscal restraint to one that is beholden to the ideology of Mr. Trump, who once billed himself the “king of debt.”

Persons: Donald J, Trump, ” Organizations: Republican, Republican Party Locations: United States

☆ Trump, Republicans really want Biden to remain the Democratic nominee
▼ + stars: | 2024-07-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Read previewFor most of President Joe Biden's White House tenure, Republicans have floated theories about the president's health and cast doubt on the veteran Democrat's leadership. Biden sought to use the debate to gain some momentum in a race that for weeks showed him tied with Trump in national polls. In the weeks leading up the Democratic National Convention in Chicago, this is not where the Biden campaign thought it'd be. But the former president is not in the clear in the eyes of the public, despite this week's Supreme Court ruling. Should Biden step aside, a more popular Democrat — backed by a party itching to defeat Trump again — could easily dispatch the former president in November.

Persons: —, Joe Biden's, Donald Trump —, Biden, Trump, Biden's, Roe, Wade, they've, it'd, Mike Howell, Kamala Harris — who'd Organizations: Service, Republicans, Business, Trump, USA, Suffolk University, The New York Times, Siena College, Capitol, Democratic National Convention, Democratic, The Washington Post, Republicans pummeled Democrats, Biden, Daily Locations: Washington, Chicago

☆ Trump’s Debate Performance: Relentless Attacks and Falsehoods
▼ + stars: | 2024-06-27 | by ( Michael Gold | ) www.nytimes.com time to read: 1 min

For most of Thursday night’s debate, former President Donald J. Trump verbally pummeled President Biden, painting his political opponent as an ineffective leader with a torrent of attacks that were frequently false, lacked context or were vague enough to be misleading. Mr. Trump went directly after Mr. Biden’s personal character, calling him “weak” and little respected by global leaders who were “laughing” at him. He tried to accuse Mr. Biden of corruption, dubbing the president as a “Manchurian candidate” who was “paid by China,” a nod to frequent accusations of undue influence for which there is no evidence. He directly blamed Mr. Biden for a wave of immigrants “coming in and killing our citizens at a level we’ve never” seen, a hyperbolic claim that is not backed up by available statistics.

Persons: Donald J, Trump, Biden, ”, Mr, “ Locations: China

☆ Yen on guard ahead of BOJ; euro stutters with weekly loss in sight
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: +4 min

The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was a touch weaker at 157.08 per dollar and on track for a marginal weekly loss of about 0.2%, though moves were largely subdued ahead of the conclusion of the BOJ's two-day monetary policy meeting later on Friday. The euro was little changed at $1.0737, and was poised for a weekly loss of roughly 0.6%. Against the British pound, the euro was last languishing near a 22-month low and staring at a weekly decline of 0.9%.

Persons: Ray Attrill, Wall, Powell, Jean Boivin, Emmanuel Macron's, Macron, France's, Erik, Jan van Harn Organizations: Bank of, National Australia Bank, New Zealand, Federal Reserve, BlackRock Investment Institute, Fed, Aussie, Rabobank Locations: Bank of Japan, BlackRock

☆ Far-Right Vows to Tie Up the Senate to Avenge Trump Are So Far Mostly Empty
▼ + stars: | 2024-06-05 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

Senator Rick Scott is so furious over the felony conviction of former President Donald J. Trump that the Florida Republican says he and his colleagues need to take it out on the Senate, by acting as disrupters and blocking all Biden administration nominees and legislation. “We can’t have business as usual,” Mr. Scott insisted as the Senate convened this week for the first time since Mr. Trump’s trial ended in New York with a fusillade of “guilty” verdicts. Yet so far at least, business as usual it is. Despite the far-right conservative bloc vowing to draw the line against White House nominees and Democratic legislation, three nominees — one a judge for the usually pummeled District of Columbia, no less — have breezed through the Senate this week with plenty of Republican backing. side is willing to draw such a hard line in a fit of pique.

Persons: Rick Scott, Donald J, Trump, Mr, Scott, Trump’s, Mitch McConnell of Organizations: Florida Republican, Biden, White, Democratic, of Columbia, Senate, Republican Locations: Florida, New York, pummeled, Mitch McConnell of Kentucky

☆ Stuck in a Starter Home
▼ + stars: | 2024-06-02 | by ( Rukmini Callimachi | ) www.nytimes.com time to read: 1 min

If buying a home is an inexorable part of the American dream, so is the next step: eventually selling that home and using the equity to trade up to something bigger. But over the past two years, this upward mobility has stalled as buyers and sellers have been pummeled by three colliding forces: the highest borrowing rates in nearly two decades, a crippling shortage of inventory, and a surge in home prices to a median of $434,000, the highest on record, according to Redfin. People who bought their starter home a few years ago are finding themselves frozen in place by what is known as the “rate-lock effect” — they bought when interest rates were historically low, and trading up would mean a doubling or tripling of their monthly interest payments.

☆ Software stocks got pummeled this week after a cluster of troubling earnings reports
▼ + stars: | 2024-06-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

And Veeva's CEO said on his company's earnings call that generative artificial intelligence has been "a competing priority" for customers. Add it all up and it was a brutal week for software and enterprise tech. "Every enterprise software company kind of has adjusted" since after the pandemic, Benioff said on his company's earnings call. "Macroeconomic headwinds are still out there," Okta finance chief Brett Tighe said on the company's earnings call. Veeva CEO Peter Gassner cited "disruption in large enterprises as they work through their plans for AI."

Persons: Marc Benioff, Dell, Salesforce, Benioff, Brett Tighe, Daniel Dines, Dines, Rob Enslin, Tomer Weingarten, Peter Gassner, Gassner, Zscaler, Jay Chaudhry, — CNBC's Ari Levy, FBB, Mike Bailey Organizations: Salesforce, Economic, Computing Fund, Dell, Barclays, CNBC Locations: Davos, Switzerland, Paycom, U.S, UiPath, reprioritize

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