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☆ KFILE: JD Vance, Trump’s VP pick, once called him a ‘moral disaster,’ and possibly ‘America’s Hitler’
▼ + stars: | 2024-07-15 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +7 min

CNN —Donald Trump’s vice presidential pick Ohio Sen. JD Vance was once a fervent critic of the former president. “I did say those critical things and I regret them, and I regret being wrong about the guy,” Vance told Fox News in 2021. In a statement to CNN last month, Vance cited Trump’s “many successes in office” for changing his mind on the former president. “I think he’s a total fraud that is exploiting these people.”“I do too. Speaking with CNN in October 2016, Vance criticized Trump for “actively antagonizing” Black voters, claiming this tactic was a long-standing Republican strategy.

Persons: Donald Trump’s, Ohio Sen, JD Vance, “ America’s Hitler, Trump, ”, “, Nixon, America’s Hitler, ” Vance, Vance, Hillary Clinton, Evan McMullin, douchey, “ I’m, Jake Tapper, podcaster Megyn Kelly, Trump’s, Bill Tompkins, Michael Ochs, ‘, White, It’s, Donald Trump doesn’t, – Vance, “ Trump Organizations: CNN, Trump, Fox News, Senate, Michael Ochs Archives, GOP, White, “, New, PBS, University of Chicago’s Institute of Politics, Republican, Black, American Conservative Locations: Middle America, Charlottesville , Virginia, Charlottesville, Ohio, America, New York City, Mexican, New York

☆ The CEO of Cerebras, which could go public soon, takes on Nvidia in a David and Goliath battle for AI chip supremacy
▼ + stars: | 2024-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Few would envy the task of competing against market leader Nvidia, which has between 70% and 90% market share, according to Mizuho Securities. Still, Nvidia gets most of the hype — and the revenue. Though the company will not confirm it, The Information reported last month that Cerebras has confidentially filed for an IPO. Still, Feldman expects that even consumer-directed AI models will grow larger, and larger models need faster chips. Competing with that mindshare is an uphill battle as Nvidia faces more competition and goes on defense.

Persons: —, Andrew Feldman, I'm, Feldman, Cerebras, David, He's, Cerebras's, Ramsey Cardy Cerebras, Susan Organizations: Service, Palo, Nvidia, Mizuho Securities, Business, Big Tech, Intel, Google, AMD, GSK, AstraZeneca, IBM, Eclipse Ventures Locations: California, Palo Alto , California, It's

☆ Americans are buying more Kei trucks from Japan. Is it a sign of a growing “tiny truck” movement?
▼ + stars: | 2024-07-14 | by ( Erika Tulfo | ) edition.cnn.com time to read: +9 min

CNN —Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. Instagram page Kei Trucks Appreciation Society (@keitrucksas) sells Kei truck-themed merchandise from hoodies to stickers and posts memes for its more than 95,000 followers. On X, Kei truck fans share pictures of mini trucks they spot in the wild. Most states lack Kei-specific regulation entirely, and so far, only 19 states allow Kei trucks on public roads. And data from Edmunds showed that Americans were trading in more midsize and large pickup trucks for compact trucks than vice versa.

Persons: Kei, ”, George Zotos, Bill Pugliano, Zotos, Tetsu Ichino, “, I’ve, it’s, Andrew O’Bright, Kei truck’s, ” Zotos, Melissa Torre, Torre, Mark Schirmer, Mercedes ’ Smart, ” Schirmer, Ford, Edmunds, Ivan Drury, Drury, ’ Organizations: CNN, Ford, Silverado, American International Detroit Auto, Research, JDM Imports, Philadelphia, Torre, Daihatsu, Cox Automotive, Mercedes, Benz, Insurance Institute for Highway Safety, Ford Maverick, Hyundai, Hyundai Santa Cruz Locations: Japan, New York, Detroit , Michigan, Rockville , Maryland, Maryland, Chicago, Kei, U.S, Hyundai Santa

Crooks lived in the Pittsburgh suburb of Bethel Park, about an hour’s drive south of the Trump rally where law enforcement officials say he fired at the former president. Crooks graduated from Bethel Park High School in 2022, according to a local media report and a video of the school’s graduation ceremony. Law enforcement descended on Crooks’ family home on a quiet street in Bethel Park on Saturday night. Explosive material was found in his residence, as well as in his car, law enforcement officials familiar with the investigation told CNN. Bethel Park is a predominantly white suburb that is wealthier than the surrounding Pittsburgh metro area.

Persons: Thomas Matthew Crooks, Crooks, Donald Trump, —, haven’t, Jason Kohler, Kohler, Sarah D’Angelo, ”, Trump, ” Crooks, –, “, Anna Moneymaker, Crooks ’, Matthew Crooks, Thomas Crooks, CNN Crooks, Marcie Grimm, ” Grimm, Dan Grzybek, Joe Biden, Grzybek, ” Grzybek, Andrew Bianco, you’d, ” Bianco, CNN’s Yahya Abou, Ghazala, Audrey Ash, Scott Glover, Allison Gordon, Holmes Lybrand, Sean Lyngaas Organizations: Bethel Park , Pennsylvania CNN, CNN, Republican, Democratic, Trump, Bethel Park High School, Secret, Commission, Progressive, Democrat, Secret Service, Bethel Park Skilled Nursing, Rehabilitation Center Locations: Bethel Park , Pennsylvania, Pittsburgh, Bethel Park, ”, Butler , Pennsylvania, Democratic, Allegheny County, Crooks ’, BlackRock, Bethel

Male agent 1: “Get down, get down, get down.”More shots heard as Trump surrounded by agents. 18:11:41: Female agent: “What’re we doing, what’re we doing.” “Where are we going…”Man indistinctly yelling. 18:12:01: Male agent 2: “Ready”18:12:02: Male agent 3: “Move!”18:12:03: Male agent 2: “Up!”18:12:03: Male agent 3: “Move!”18:12:04: Male agent 4: “Go, go, go.”18:12:06: Male agent 2: “Hawkeye’s here.”18:12:06: Female agent 1: “Hawkeye’s here, moving to the spare.”(“Hawkeye” is the code name for the counter assault team.) 18:12:09: Male agent 4: “Spare get ready, spare get ready.”18:12:10: Male agent 2: “You ready?”18:12:16-21: Agents: “Shooter’s down, shooter’s down, are we good to move?”18:12:21: Male agent: “Shooter’s down. 18:12:33: Trump: “Let me get my shoes, let me get my shoes.”18:12:35: Male agent 2: “I got you sir, I got you sir.”18:12:36: Trump: “Let me get my shoes on.”18:12:37: Another male agent: “hold on, your head is bloody.”18:12:39: Male agent 2: “Sir we’ve got to move to the car sir.”18:12:42: Trump: Let me get my shoes.”18:12:43: Female agent: “OK, [inaudible].”18:12:47: Trump: “Wait, wait, wait” then fist pumps to crowd.

Persons: Donald Trump, Trump, “, Here’s, what’re, indistinctly, ”, Sir we’ve Organizations: CNN, Trump, Secret Service Locations: Butler , Pennsylvania

☆ Secret Service faces serious questions about security footprint and rooftop access at Trump event
▼ + stars: | 2024-07-14 | by ( Whitney Wild | Evan Perez | ) edition.cnn.com time to read: +5 min

Seconds after gunfire rang out, Secret Service counter-assault snipers began shooting the suspect who was found on top of a roof. They put it out over their radio to keep an eye on him- and that information was passed to Secret Service as well, according to the source. The Secret Service does not allow any weapons inside the cordoned off areas of any event. In a statement, the Secret Service said the detail had been increased recently. “”There’s an untrue assertion that a member of the former President’s team requested additional security resources and that those were rebuffed,” said Secret Service spokesman Anthony Guglielmi.

Persons: Donald Trump, Foundationally, Andrew McCabe, Ben Macer, Witnesses, might’ve, AGR, Thomas Matthew Crooks, Mark Green, President Reagan, Ruben Gallego, ”, Anthony Guglielmi, CNN’s John Miller Organizations: CNN, American Glass Research, Service, Trump, Republican, FBI, Union, KDKA, Authorities, Secret Service, Democratic, House Homeland, Department of Homeland Security, ” Democratic, Senate, National Intelligence, Central Intelligence Agency, National Security Agency, Federal Bureau of Investigation, Department of Homeland Security’s, of Intelligence, & & . Locations: “ State, Arizona, Pennsylvania

☆ 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

☆ Donald Trump transformed the federal judiciary. He could push the courts further right in a second term
▼ + stars: | 2024-07-13 | by ( Andrew Seger | Phil Mattingly | ) edition.cnn.com time to read: +9 min

“I totally transformed the federal judiciary,” Trump boasted at a summit hosted by the right-wing Moms for Liberty group last summer. “Many presidents never get the opportunity to appoint a Supreme Court justice. But as Trump drives toward a potential second term, one thing is clear: He’s just getting started. (Project 2025 is the policy playbook crafted by the conservative Heritage Foundation for a potential second Trump term.) That intent for vengeance could set the bar for nominations and administration lawyers alike in a second Trump term.

Persons: CNN —, Donald Trump, “, ” Trump, Trump, ” Gregg Nunziata, Joe Biden, ”, Antonin Scalia, Samuel Alito, Clarence Thomas, It’s, Alito, Thomas aren’t, Skye Perryman, it’s, Trump’s, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett –, “ Will, Hugh Hewitt, Mitch McConnell, I’ve, ” McConnell, Wade, Aileen Cannon –, ” Donald B, George H.W, George H.W . Bush, that’s, they’ve, Fox News ’ Sean Hannity, ” Will Chamberlain, Ron DeSantis, John Eastman, “ We’ve, ” Eastman Organizations: CNN, Liberty, Trump, Republican Party, Society, Federalist Society, Democracy, Heritage Foundation, Republican, EPA, Biden, Fox News, III, Florida Gov, Conservatism Conference Locations: “, Los Angeles, kilter, Dallas, Trump’s, Florida, George H.W ., Washington

☆ Thousands evacuated as ‘extremely aggressive’ wildfire burns in eastern Canada
▼ + stars: | 2024-07-13 | by ( Amanda Musa | ) edition.cnn.com time to read: +2 min

CNN —A wildfire burning in eastern Canada has scorched more than 24,000 acres and forced thousands to flee the Town of Labrador City, where at least one hospital has been closed, officials said Saturday. Around 9,500 people have been evacuated from Labrador City, Jeremy Reynolds, a spokesperson for the Government of Newfoundland and Labrador, told CNN Saturday. The Town of Labrador City, in the northwestern part of the province, is remote and sits about 900 miles north of Canada’s capital city of Ottawa. The fire is spreading just three miles northwest of Labrador City. The wildfire has also led to the temporary closure of Labrador West Health Centre, according to Furey.

Persons: Labrador Andrew Furey, Furey, Jeremy Reynolds Organizations: CNN, Government of, Residents, Labrador West Health Locations: Canada, Labrador City, Newfoundland, Labrador, Government of Newfoundland and Labrador, Canada’s, Ottawa, Happy, Labrador West, Wabush, Furey

☆ Trump isn’t leaving himself many options to save Social Security
▼ + stars: | 2024-07-12 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

“FIGHT FOR AND PROTECT SOCIAL SECURITY AND MEDICARE WITH NO CUTS, INCLUDING NO CHANGES TO THE RETIREMENT AGE,” the platform reads. “It’s not a genuine policy prescription to save Social Security,” Jason Fichtner, chief economist at the Bipartisan Policy Center and former acting deputy commissioner of Social Security, said of the party platform. The combined Social Security trust funds – which help support monthly payments to the elderly, survivors and people with disabilities – are expected to be exhausted in 2035, according to its trustees’ annual report. Both candidates have painted themselves into a corner by saying they won’t cut benefits, said Biggs. “Never before have the two parties’ presidential candidates been closer in their positions on Social Security,” he said.

Persons: Donald Trump, “, Trump, “ It’s, ” Jason Fichtner, Andrew Biggs, “ Donald Trump’s, ”, Biggs, Joe Biden Organizations: CNN, Security, Republican National Committee, White House, Republicans, Social, Center, Social Security, American Enterprise Institute, Social Security Administration Locations: November’s

☆ Elon Musk is gloating on X after Biden's big-boy press conference fumbles
▼ + stars: | 2024-07-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's press conference on Thursday was hotly watched by the nation, including one Elon Musk. Musk said in response to a clip where Biden had accidentally referred to Vice President Kamala Harris as "Vice President Trump." Advertisement"I wouldn't have picked Vice President Trump to be vice president, if she's not qualified to be president," Biden said on Thursday. — Elon Musk (@elonmusk) July 12, 2024Musk also poked fun at the muted facial expressions Biden's Cabinet members had when he made the mistake. I'm not saying I'd vote for Trump," Musk told moderator Andrew Ross Sorkin at The New York Times Dealbook Summit in November.

Persons: —, Joe Biden's, Elon, couldn't, gaffes, Musk, Biden, Kamala Harris, Trump, Harris, she's, Karine Jean, Pierre, John Kirby, Justin Sink, Tesla, Donald Trump, I'm, Andrew Ross Sorkin, Ron DeSantis, he's, Don Lemon Organizations: Service, Business, Trump, downer, White, National Security, Bloomberg, Democratic Party of, The New York Times Dealbook Summit, Florida Gov, GOP, CNN, BI Locations: Southern, Florida

Financial planners said real estate is a top source of passive income for their clients. Making passive income isn't always as easy as it sounds — it takes time and money up front, and the benefits don't come overnight. To find out how people are earning passive income, Business Insider asked several financial advisors to share their clients' top passive-income sources. "Passive income sources like podcasts, websites, apps, YouTube channels generating income off of ads — those are really common sources of passive income that I've seen," he told Business Insider. Creating digital products for sale onlineEllis said that digital products are a common way she's seen clients earn passive income recently.

Persons: Brent Weiss, he's, Weiss, Akeiva Ellis, She's, it's, Wealthfront, Read, Andrew Westlin, I've, What's, Ellis, doesn't Organizations: YouTube, Business

The takeaway was a split decision: Biden rambled and misspoke several times, but also displayed the confidence and depth of knowledge that his supporters had hoped to hear. Yet for many donors and Democratic officials, the performance wasn’t enough to settle the debate over whether he should stay in the race. Biden demonstrated his command of foreign policy at the news conference. Biden made two headline-making flubs: calling Vice President Kamala Harris “Vice President Trump,” and saying he followed the advice of his “commander in chief” — his own title — about military aid to Ukraine. (Earlier in the day, he introduced President Volodymyr Zelensky of Ukraine as “President Putin” before quickly correcting himself.)

Persons: Biden’s, Biden rambled, Biden, Kamala Harris “, Trump, ” —, Volodymyr Zelensky, Putin ” Organizations: NATO, Democratic Locations: Russia, China, Ukraine, Gaza

☆ Biggest risks of using gen AI like ChatGPT, Google Gemini, Microsoft Copilot, Apple Intelligence in your private life
▼ + stars: | 2024-07-12 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

Many consumers are enamored with generative AI, using new tools for all sorts of personal or business matters. From OpenAI's ChatGPT to Google's Gemini to Microsoft Copilot software and the new Apple Intelligence, AI tools for consumers are easily accessible and proliferating. How is your information used and how might it be used? If you're entering a confidential document, the AI model now has access to it, which could raise all sorts of concerns. Set a short retention period for generative AI for searchConsumers might not think much before they seek out information using AI, using it like they would a search engine to generate information and ideas.

Persons: Jodi Daniels, Daniels, Andrew Frost Moroz, Frost Moroz, Jacob Hoffman, Andrews, Hoffman, you've Organizations: Microsoft, Apple Intelligence, Red Clover Advisors, Apple, Company, Aloha, OpenAI, ChatGPT, Frontier Foundation Locations: Miami , Florida

☆ NATO on the Edge: Biden Praises and Trump Denigrates a 75-Year Alliance
▼ + stars: | 2024-07-11 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

As NATO leaders gathered in Washington this week, one American president hailed the 75-year defensive alliance as the greatest “in the history of the world.”Another described it as a virtual protection racket and declared that he would abandon “delinquent” members to the mercies of Russian invaders. President Biden was the official host, greeting his European and North American counterparts in Washington with smiles, handshakes and solidarity, posing for grip-and-grin pictures and boasting of the progress and principle underlying the historic partnership. Former President Donald J. Trump was nowhere to be seen, not part of the formal events, but adding his voice from afar at a rally and in an interview. Again and again, at critical moments, we chose unity over disunion, progress over retreat, freedom over tyranny and hope over fear. Again and again, we stood behind our shared vision of a peaceful and prosperous trans-Atlantic community.”

Persons: Biden, Donald J, Trump, “, Mr, Andrew W, ” Organizations: NATO, American, Mellon, Treaty Locations: Washington

A brutal 24 hoursPresident Biden and his allies may have thought they had stemmed a rebellion by fellow Democrats and donors after his debate debacle. Some Democratic lawmakers made clear that they weren’t falling into line behind Biden. She said she would back whatever decision he takes, but the equivocal comments were seen as offering other Democrats space to speak up. Hours later, Peter Welch of Vermont became the first Democratic senator to call on Biden to withdraw. “We can’t unsee what we saw” at the debate, Welch told The Times, adding that Donald Trump’s returning to power would be a “catastrophe.”

Persons: Biden, Nancy Pelosi, MSNBC’s, Joe ”, Peter Welch of, Welch, Donald Trump’s Organizations: NATO, Democratic, White, The Times, Peter Welch of Vermont, Times

“It’s not like Biden’s inner circle didn’t know this,” one Democratic strategist close to the White House said of the extent of the president’s recent decline. “Expect a drip, drip, drip,” said one former Biden White House official. “Blinders are off and everyone is aware,” one source close to the White House told CNN. “He’s declined,” one House Democratic lawmaker who attended the gala told CNN. She wields influence in the White House and campaign, and sits in on some of the president’s political meetings.

Persons: Joe Biden, George Clooney wasn’t, Biden, “, ”, Barack Obama, Obama, Bill Clinton, “ He’s, –, ’, Camp David, “ It’s, Tom Vilsack –, Andrew Bates, “ Joe Biden, ” Bates, Jens Stoltenberg, Keir Starmer, Jacquelyn Martin, Nancy Pelosi, Lester Holt, Ari Emanuel, Ron Klain, ” Emanuel, Klain, Emanuel, Bates, Brett McGurk, Xi Jinping, Kevin Lamarque, Lady Jill Biden, Hunter Biden’s, Emmanuel Macron, Jill Many, Jill Biden, Chris Kleponis, “ She’s, she’s, Jill Biden’s, Valerie Biden Owens, Jill, Valerie won’t, CNN’s Priscilla Alvarez, Kylie Atwood, Betsy Klein, Arlette Saenz, Phil Mattingly Organizations: CNN, Peacock Theater, Radio City Music Hall, Democrat, White, Democratic, Biden, Camp, Los, “, Biden White House, NATO, British, AP, MSNBC, NBC, White House, Congressional Hispanic Caucus, Economic Cooperation, Getty, Democratic Party Locations: Los Angeles, Italy, California, New York, Washington, Las Vegas, Aspen , Colorado, United States, Filoli, Asia, Woodside , California, Wilmington , Delaware, Paris, France, Wilmington, Pennsylvania, AFP

☆ A frustrated White House press corps finally gets to question Biden
▼ + stars: | 2024-07-11 | by ( Hadas Gold | ) edition.cnn.com time to read: +9 min

CNN —For weeks, the White House press corps has been boiling – and not from the Washington, DC, heat. Some feel the White House misled the press before President Joe Biden’s stumbling performance at last month’s CNN presidential debate. “I think this is a credibility crisis writ large for the White House, and certainly as a spokesperson for the White House, this is a credibility crisis for her,” one White House reporter told CNN, speaking on condition of anonymity to discuss the situation. “We are in the midst of a full-blown feeding frenzy,” former CNN White House correspondent and Washington bureau chief Frank Sesno said. Sesno and former White House correspondents and officials told CNN that questions surrounding Biden’s age and performance, along with how the White House is handling the issue, are legitimate and warrant scrutiny.

Persons: Joe Biden’s, Biden, –, ” NBC’s Kelly O’Donnell, Karine Jean, Pierre, Ed O’Keefe, Jean, ”, “, ” Jean, Seung Min Kim, Andrew Bates, Biden “, ” Bates, Donald Trump, Barack Obama, George W, Bush, Bates, Bill Clinton, ‘, Frank Sesno, Sesno, Kenneth Walsh Organizations: CNN, White House, House, NATO, White, CBS, Associated Press White, CNN White House, Toxic, U.S . News Locations: Washington, DC, America

☆ $20 billion Balyasny trims its top Asia stock-picker's book so she can focus on building the hedge fund in the region
▼ + stars: | 2024-07-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Read previewBalyasny Asset Management has cut back the portfolio of its Asia equities head, but not because of poor performance. This story is available exclusively to Business Insider subscribers. Related storiesBalyasny, the $20 billion multistrategy firm based in Chicago, parted ways with its global equities head, Jeff Runnfeldt, last October. AdvertisementBalyasny, the founder, has been running the equities unit since Runnfeldt's departure, adding talent — such as Point72's Peter Goodwin — and reviewing existing books. The firm has made 5.5% through the first half of the year, Business Insider recently reported, trailing peers like Citadel, Point72, and Millennium.

Persons: —, Archana Parekh, Dmitry Balyasny, Parekh, Jeff Runnfeldt, Runnfeldt, Peter Goodwin —, Andrew O'Connor, Weiss, David Lohman, Marco Minoli, Anil Gondi, Balyasny, Stephen Schurr, She's, Will Brant, Robert Tau Organizations: Service, Management, Balyasny, Business, Fortress Investment, Citadel, Walleye, Bloomberg Locations: Asia, Chicago, Schonfeld, LMR, — Singapore, Hong Kong, Tokyo, Balyasny's Hong Kong, Point72

☆ The calls for Biden to step down are now coming from inside the White House
▼ + stars: | 2024-07-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden may have to convince some of his own White House officials that he's still their best hope of defeating former President Donald Trump. The White House strongly denied the report. "Unequivocally, this is not true," White House spokesperson Andrew Bates told The Times, a statement he reiterated to Business Insider. Earlier this week, it looked like the White House had successfully frozen most of Capitol Hill not to pressure the president. Biden is set to speak to White House reporters at length Thursday night in his first extensive news conference in months.

Persons: —, Joe Biden, he's, Donald Trump, Biden, Andrew Bates, Biden's, Nancy Pelosi, Sen, Peter Welch of, Jen O'Malley Dillon, Julie Chavez Rodriguez, we've Organizations: Service, White, The New York Times, Times, Business, The Times, Democratic Party, House, Capitol, Democrats, Peter Welch of Vermont, NBC News, Trump, Biden, NBC, White House, The Associated Press, BI, Electoral, Nebraska, Congressional District Locations: Pennsylvania, Wisconsin, Michigan, Nevada , Georgia, Arizona, Omaha

☆ The NFL is open to private equity team ownership of up to 10%, Commissioner Roger Goodell says
▼ + stars: | 2024-07-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

"We've had a tremendous amount of interest [from private equity firms], and we believe this could make sense for us in a limited fashion, probably no more than 10% of a team. The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell said in an exclusive CNBC interview Thursday. "I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." Private equity incentives around reaching investment targets and exit thresholds could alter the motivations for ownership in ways that make the bigger sports leagues uncomfortable. Private equity firms, tasked with finding investment vehicles to make returns on their assets under management, may be better suited to minority ownership.

Persons: Roger Goodell, Goodell, CNBC's Julia Boorstin, We've, Josh Harris, Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, They're, Ted Leonsis, You'll Organizations: National Football League, Allen & Company Sun Valley, National Basketball Association, Major League Baseball, National Hockey League, Major League Soccer, NFL, Allen & Co, Sun Valley Conference, CNBC, Apollo Global Management, Washington, Summit, Washington , D.C, NBA, Blackstone Group, Philadelphia 76ers, New Jersey Devils, Women's Soccer League, Washington Capitals, Wizards, Mystics, ESPN Locations: Sun Valley , Idaho, Washington ,

☆ These bank stocks yield more than 5% — and they are ‘poised to thrive,’ Piper Sandler says
▼ + stars: | 2024-07-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Regional bank stocks are having an underwhelming year, but investors who are on the hunt for good dividend payers might find a few gems, according to Piper Sandler. "Given the recent pullback in bank stock prices, we are finding lots of regional and community bank stocks that have eye-catching dividend yields," wrote Mark Fitzgibbon, managing director at Piper Sandler, in a Thursday report. There is more to picking solid dividend stocks than just going by the yield. Piper Sandler further whittled down the list by eliminating companies that had cut their dividends over the past decade. Piper Sandler called out Heritage Commerce of San Jose, California, as a bank worth snapping up.

Persons: Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Andrew Liesch, Matthew Clark, Clark Organizations: Regional Banking, Brookline Bancorp, Heritage Commerce, Pacific Premier Bancorp Locations: Boston, Brookline, San Jose , California, Irvine , California

☆ Rich people can buy their way into Hong Kong residency, and the majority of applicants come from 2 tiny countries
▼ + stars: | 2024-07-11 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Read previewHong Kong's latest sales pitch involves a cash-for-residency program targeted at wealthy investors — and most of them come from just two countries. It builds on prior investment-for-residency programs offered in the last two decades, which aim to capture foreign capital and talent to boost Hong Kong's economy. Permanent residency instead marks a stepping stone to Hong Kong's residency scheme, which prohibits mainland Chinese residents. The posts, which have been viewed over 600,000 times, highlight that the passports qualify for Hong Kong's residency program. The West African nation's citizens currently make up the highest proportion of applicants for Hong Kong's New Capital Investment Entrant Scheme — 139 out of 333 applicants, per government data.

Persons: —, Hayyam Garipoglu, multimillionaire Andrew Spira, Kong's Organizations: Service, Hong, Investors, Business, Reuters, Guardian, Africyrpt, European Union, Vanuatu, Australian Broadcasting Corporation, Hong Kong's New Capital, Henley, Partners, Bloomberg Locations: Hong Kong, Vanuatu, Guinea, Bissau, Hong, Pacific, bitcoin, Turkey, Australia, West

☆ Forces on Both Left and Right Battle for Europe’s Political Soul
▼ + stars: | 2024-07-10 | by ( Andrew Higgins | ) www.nytimes.com time to read: +1 min

Primed to celebrate victory but left explaining why his party finished third, the leader of France’s hard-right National Rally blamed Sunday’s surprise election result on the “caricature” of his party as extremist. That “disinformation,” he said, handed victory to “formations of the extreme left.”The speech to glum supporters on election night by Jordan Bardella, leader of the nationalist party formerly known as the National Front, captured a Europe-wide trend: intense political polarization in which each side denounces the other as “extremist.”Europe is far from what the British historian Eric Hobsbawm termed the “age of extremes” in the 20th century, when the continent succumbed to the twin extremist ideologies of fascism and communism. There are no violent street battles in Berlin, Paris or Vienna as there were before and sometimes after World War II between rival camps, or urban terror campaigns like those in the 1970s and ’80s by the would-be left-wing revolutionaries of Germany’s Red Army Faction and France’s Direct Action.

Persons: Sunday’s, ”, Jordan Bardella, Eric Hobsbawm Organizations: Front, Germany’s Red Army Locations: Europe, British, Berlin, Paris, Vienna

☆ Archegos founder Bill Hwang convicted at criminal trial over fund's collapse
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: +4 min

Sung Kook (Bill) Hwang, the founder and head of the private investment firm Archegos, arrives at the Manhattan Federal Courthouse in New York City, U.S., July 9, 2024. The jury, which began deliberations on Tuesday, found Hwang guilty on 10 of 11 criminal counts and Patrick Halligan, his Archegos deputy and co-defendant, guilty on all three counts he faced. Hwang and Halligan sat flanked by their lawyers as the verdict was read by a soft-spoken foreperson. Hwang, 60, had pleaded not guilty to one count of racketeering conspiracy, three counts of fraud and seven counts of market manipulation. At its peak, prosecutors said Archegos had $36 billion in assets and $160 billion of exposure to equities.

Persons: Sung Kook, Bill, Hwang, Patrick Halligan, Halligan, Prosecutors, Andrew Thomas, Barry Berke, William Tomita, Scott Becker, Archegos Organizations: Archegos Capital Management, Prosecutors, U.S . Justice Department, U.S, Attorney's, Southern, of, Credit Suisse, UBS, Nomura Holdings Locations: Manhattan, New York City, U.S, of New York

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