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Earlier this week, a couple of former Republican members of Congress sent an email to dozens of fellow G.O.P. retirees with a clear and urgent subject line. “Join the Republicans for Biden,” it said. “PLEASE.”The email invited the former lawmakers to a virtual meeting next week with members of President Biden’s campaign team — a meeting that, for many of them, would be their first official interaction with Biden’s re-election campaign since it kicked off last year. Some recipients were quick to offer their help.
Persons: Biden, , , Biden’s, didn’t, he’s, Chris Shays Organizations: Trump, Republican Locations: Connecticut
A growing number of Democratic lawmakers called for Justice Samuel A. Alito Jr. to recuse himself from cases related to Jan. 6, 2021, and demanded new ethics rules for the Supreme Court after revelations that flags carried by rioters at the Capitol were flown outside his homes. With the Supreme Court just weeks away from issuing decisions on two major cases concerning former President Donald J. Trump’s efforts to overturn the 2020 election and the events of Jan. 6, lawmakers said the symbolism of the flags called into question Justice Alito’s neutrality. In an interview on Thursday, Representative Steve Cohen, a Democrat from Tennessee who has introduced a resolution to censure Justice Alito, said Congress needed to take the firm position that the justice’s actions were a violation of judicial propriety. “He’s not going to resign, he’s not going to recuse himself, and I don’t think Justice Roberts is going to be able to influence him in that regard,” he said, referring to Chief Justice John G. Roberts Jr. “So the best we can do is to kind of put a scarlet letter on him.”
Persons: Samuel A, Alito Jr, Donald J, Steve Cohen, Justice Alito, “ He’s, he’s, Roberts, , John G Organizations: Democratic, Capitol Locations: Tennessee
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets could see more short-term 'stumbles' into the end of May, says G Squared's Victoria GreeneVictoria Greene, G Squared Private Wealth founding partner, and Keith Lerner, Truist Co-CIO, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Victoria Greene Victoria Greene, Keith Lerner, Truist Organizations: Private Wealth
Morgan Stanley accompanied the move by cutting its price target to $100 from $120. His $185 price target, up from $160, forecasts that shares of Take-Two could rally 23% from Wednesday's close. — Lisa Kailai Han 5:55 a.m.: Bernstein initiates Ford at an outperform rating Investors who don't own Ford are missing out, according to Bernstein. — Lisa Kailai Han 5:55 a.m.: JPMorgan upgrades Hasbro Don't expect Hasbro's momentum to slow in the near future, according to JPMorgan. It also raised its price target on shares to $74 from $61, implying upside of 22%.
Persons: Bernstein, Morgan Stanley downgrades NetEase, Morgan Stanley, Alex Poon, Poon, Lisa Kailai Han, Omar Dessouky, Dessouky, — Lisa Kailai Han, Sam Poser, Sean Dodge, Dodge, GoodRx, Ford, Daniel Roeska, Roeska didn't, Roeska, Christopher Horvers, Fred Imbert Organizations: CNBC, Ford, JPMorgan, Hasbro, NetEase, Bank of America, Rockstar Games, Rockstar, Supreme, Corp, Trading, EMEA, Timberland, RBC, RBC Capital Markets, pharma, Kroger Locations: China, Wednesday's, Americas
The investigation is the second congressional inquiry into the April 11 fund-raising dinner at Mar-a-Lago, Mr. Trump’s private club in Florida. On Wednesday Mr. Trump headlined a fund-raiser for MAGA Inc., a super PAC, that was hosted by three oil executives at a five-star hotel in Houston. One host was Kelcy Warren, a billionaire who owns a pipeline empire with an ambitious international expansion plan that depends on new export terminals. Another was Harold G. Hamm, one of the pioneers of the shale oil boom that turned the United States into the world’s largest crude exporter. The third, Vicki Hollub, leads Occidental Petroleum, a Houston-based oil company.
Persons: Donald J, Trump, Kelcy Warren, Biden, Harold G, Vicki Hollub Organizations: Democrats, White, Mar, Mr, Wednesday, MAGA Inc, Occidental Petroleum Locations: Florida, Houston, Hamm, United States
Mayor Eric Adams has long valued loyalty, keeping his allies close as he rose through New York City’s political ranks to become mayor, and rewarding them with top administration jobs. So this week, as the mayor quickly sought to fill out a powerful commission that could reshape city government, possibly for generations to come, he predictably turned to a cadre heavy on loyalists. The roster of the Charter Revision Commission was released on Wednesday, just 24 hours after Mr. Adams announced he was creating one. The move may foil an effort by the New York City Council to exert more control over the mayor’s high-level appointments. And although the announcement came as a surprise, the mayor’s spokesman said the commission has long been in the making.
Persons: Eric Adams, Adams Organizations: New, New York City Council Locations: New York
CNN —There is no love lost between hip-hop moguls 50 Cent and Sean “Diddy” Combs. CNN has reached out to representatives for 50 Cent and Netflix for comment. Members of law enforcement are seen outside of Sean "Diddy" Combs' home in Los Angeles on March 25, 2024. Earlier this month, he released a song titled “Pick a Side” in support of his father and taking aim at critics like 50 Cent. Gareth Cattermole/Getty Images“All that gossip sh*t is whack when all they had was 50 Cent / Who put this city on the map?
Persons: Sean “ Diddy ” Combs, Combs, Cassie Ventura, Christopher Wallace, Wallace, , Tupac Shakur, Ventura, Sean, Diddy, ” Diddy, ” Combs, he’s, that’s, Christian Combs, King Combs, Justin, Aaron Dyer, ” King Combs, King, Gareth Cattermole, , “ I’m Organizations: CNN, Netflix, Department of Homeland Security Investigations, Hamptons, KCBS, Billboard Locations: Los Angeles, New York, Miami
Those groups — Hezbollah in Lebanon, the Houthis in Yemen, multiple militias in Iraq and Hamas in the Palestinian territories — are central to Iran’s ability to wield influence far beyond its borders despite being under strict economic sanctions for decades. Iran works with these groups through the Quds Force, a division of Iran’s Islamic Revolutionary Guard Corps. answers directly to the Supreme Leader, Ayatollah Ali Khamenei, not to the government run by the president. On Tuesday morning, Iran-linked groups in Iraq announced that they had launched a strike at a base in Israel. It was as if Iran’s allies were signaling that it was business as usual by making the kinds of attacks that have become commonplace in recent months.
Persons: Ali Khamenei, Ebrahim Raisi, Hossein Amir Abdollahian, , Parsi Organizations: Quds Force, Islamic Revolutionary Guard Corps, Iraq, Quincy Institute, Responsible Locations: Iran, Lebanon, Yemen, Iraq, Lebanese, Israel
Senator Chuck Schumer, Democrat of New York and the majority leader, plans next month to fast-track a Senate vote on a bill to protect access to contraception nationwide, the start of an election-year push to highlight Republicans’ record of opposing reproductive rights that voters view as at risk of being stripped away. The Right to Contraception Act is expected to be blocked in the closely divided Senate, where most Republicans are against it. But a vote on the bill is a crucial plank of Democrats’ strategy as they seek to protect their majority in the Senate, in part by forcing G.O.P. Access to contraception is a constitutional right regarded by many voters as possibly the next to go after the Supreme Court’s overturning of Roe v. Wade. Glenn Youngkin, a Republican, vetoed legislation to protect access to contraception.
Persons: Chuck Schumer, Roe, Wade, Glenn Youngkin Organizations: Gov, Republican Locations: New York, Virginia
Early in his term, President Biden seemed to have struck an uneasy truce with the oil and gas industry. Mr. Biden had imposed restrictions on drilling as part of his ambitious climate agenda, but he also approved an enormous $8 billion oil project in Alaska. The United States had become the world’s leading exporter of natural gas, and no other country in history was pumping more crude. Then, in January, Mr. Biden paused new permits for export facilities for liquefied natural gas. That decision galvanized oil and gas companies against Mr. Biden, according to industry lobbyists, and will be an undercurrent at a fund-raising lunch set for Wednesday in Houston.
Persons: Biden, Donald J, Trump, Mr, , , Thomas J, Pyle Organizations: United, Mr, American Energy Alliance Locations: Alaska, United States, Houston
This time, officials were unveiling plaques designating the former Rio Vista Bracero Reception Center in Socorro, Texas, as a National Historic Landmark. While the bracero program provided a legal pathway for guest workers, crackdowns on illegal immigration were also common during that period. Why Rio Vista is so significant – and rareThe Rio Vista site, a key hub for the program, is about a 30-minute drive from El Paso, Texas. Before its role in the bracero program, the area known as Rio Vista Farm was a poor farm and an orphanage. All of this went through Corral’s mind as he revisited Rio Vista on May 11.
Persons: Sebastian Corral’s, they’d, , you’d, ” Corral, Lee G, Williams, Yolanda Chávez Leyva, it’s, ” Leyva, Sebastian Corral, , Leyva, who’s, Blanca McCreary, ” McCreary, Department of Homeland Security Leyva, Corral, , Sehila Mota Casper, They’ve, ” Mota Casper, Kip Malone, Mota Casper, ” Victor Reta, he’s, he’d, Maria, He’d, Reagan Organizations: CNN, Corral, Historic Landmark, Mexican Farm Worker, Library, Department of Homeland, Dallas Morning News, Department of Labor, University of Texas, Rio Vista, ” Patrol, National Trust for Historic Preservation, US Public Health Service, Heritage, Locations: Vado , New Mexico, America, Rio, Socorro , Texas, Mexico, Hidalgo , Texas, El Paso, Rio Vista, El Paso , Texas, South Texas, Socorro, Leyva, United States, Delicias, New Mexico, , New Mexico , Colorado , Wyoming, Texas, Mexican, Los Angeles, California
Three-Stock Lunch: JPMorgan, Palo Alto & Lam Research
  + stars: | 2024-05-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: JPMorgan, Palo Alto & Lam ResearchVictoria Greene, G Squared Private Wealth founding partner, joins 'Power Lunch' to discuss stock plays for three stocks, including JPMorgan, Palo Alto, and Lam Research.
Persons: Lam Research Victoria Greene Organizations: JPMorgan, Palo, Lam Research, Private Wealth Locations: Palo Alto
A real estate construction site in Wanxiang City, Huai 'an City, East China's Jiangsu province, May 17, 2024. Future Publishing | Future Publishing | Getty ImagesBEIJING — China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to its base case from earlier in the month that China's property market is likely still "searching for a bottom," Edward Chan, director, corporate ratings, said during the firm's webinar on Monday. But he pointed out that for real estate to see significant stabilization, homebuyers' demand and confidence will need to improve after a market downturn of nearly three years. "We believe Beijing is headed in the right direction with regard to ending the epic housing crisis," Nomura's Chief China Economist Ting Lu said in a report Monday.
Persons: Huai, Edward Chan, Ting, Nomura, Goldman Sachs, Chief China Economist Hui Shan, Ting Lu, P's Chan Organizations: Future Publishing, Getty, BEIJING, Chief China Economist, China Locations: Wanxiang City, City, East China's Jiangsu, Hong Kong, Beijing, Ting Lu, China
Republicans are using their majority in Congress to reinforce former President Donald J. Trump’s false claims of widespread illegal voting by noncitizens, sowing the seeds of an effort to delegitimize the outcome of the 2024 election if Mr. Trump loses by pushing legislation that purports to crack down on a problem that barely exists. House Republicans have introduced a series of bills to take aim at voting by noncitizens, which is already a felony in federal elections, where those who study the issue say it almost never occurs. This week, they are planning to push through a bill that would roll back a District of Columbia law allowing noncitizens to vote in local elections, which they contend is needed to prevent Democrats from expanding the practice to other jurisdictions. And Republicans are advancing another measure that would require states to obtain proof of citizenship, such as a birth certificate or passport, when registering a person to vote. The legislation has virtually no chance of becoming law, but it serves to amplify one of Mr. Trump’s favorite pre-emptive claims of election fraud.
Persons: Donald J, Trump, noncitizens, Trump’s Organizations: Republicans, noncitizens, Columbia Locations: United States
Senator Chuck Schumer, Democrat of New York and the majority leader, plans to push forward this week with a second vote on a bipartisan border enforcement bill that Senate Republicans killed earlier this year at the urging of former President Donald J. Trump. The measure is almost certain to be blocked again, but Democrats hope to use the failed vote to sharpen an election-year contrast with the G.O.P. on a critical issue that polls show is a major potential liability for President Biden and their candidates. Democrats will aim to neutralize the issue by showing voters that they and Mr. Biden have tried to get migration at the U.S. border with Mexico under control, but have been thwarted repeatedly by Republicans following the lead of Mr. Trump. “On cue, many of our Republican colleagues abruptly reversed course on their prior support, announcing their newfound opposition to the bipartisan proposal.”
Persons: Chuck Schumer, Donald J, Trump, Biden, , Mr, Schumer, Organizations: Republicans, Republican Locations: New York, U.S, Mexico
The inferno consumed the wooden structure, situated in an Iron Age settlement, killing six animals penned in the stable. The presence of a horse in the stable suggested that these people were wealthier than some of their neighbors, Olesti Vila said. The site provides important insights into the daily lives of Iberian Iron Age populations in the Pyrenees at this pivotal time in history, Arnold said in an email. During the Iron Age, when people lived in wooden homes heated by fires, buildings often accidentally burned. “This is also an indication of some kind of conflict or some kind of violent aggression,” Olesti Vila said.
Persons: Oriol Olesti Vila, Baltarga, Francesc Riart, Olesti Vila, , weren’t, , Bettina Arnold, Arnold, ” Arnold, ” Mindy Weisberger Organizations: CNN, Autonomous University of Barcelona, University of Wisconsin -, Scientific Locations: Iberia, Spain, Tossal, Baltarga, Iron, Hannibal, Roman Republic, University of Wisconsin - Milwaukee, Pyrenees, , Europe
Creating an income-producing portfolio
  + stars: | 2024-05-20 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +7 min
A lot goes into creating and managing an income-producing portfolio that works for you. Knowing your expenses will give you a good sense of the income you’ll need. Ways to generate incomeTake the income you think you’ll need and subtract from that the income you expect. For example, if you need $65,000 a year but will only bring in $40,000, you’ll need to generate the other $25,000. • For money you’ll need in three to five years, use short-term corporate bonds as well as longer-term CDs.
Persons: it’s, Will, David Seufer, you’ll, Marguerita Cheng, , David Edmisten, Edmisten, Cheng, ” Seufer, , ” Edmisten, Seufer, they’re, ” Cheng Organizations: New, New York CNN, Gravitas, Social Security, Blue, ” Capital, Social Locations: New York
Read previewOn Tuesday, members of Target's LGBTQ+ employee resource group logged on for a much-anticipated virtual meeting to preview the 2024 Pride collection, two council members told Business Insider. Last year, Pride products had already been on sale online for weeks by mid-May, and each of the retailer's nearly 2,000 US stores was busy setting up displays near their front entrances. But late last May, conservative protesters took aim at Target's Pride collection, falsely claiming the merchandise was "Satanic" and sexualized minors. However, the two Pride Council members and multiple LGBTQ+ vendors who worked on past Pride collections told BI they feel the company hasn't done enough to rebuild its relationship with its LGBTQ+ partners over the past year. AdvertisementOne of the employees involved in the Pride Council told BI that a lot of LGBTQ+ people, herself included, joined Target specifically because of its stated support for trans and queer rights.
Persons: , Brand Management Carlos Saavedra, Eager, Dominick Reuter, Erik Carnell, hasn't, Hayley Marzullo, Marzullo, Leslie Garrard, Garrard Organizations: Service, Business, Brand Management, Pride +, Council, Target, Pride Council, Christian Right, BI Locations:
Senate Democrats (including independents who caucus with them) hold 23 seats up for election this year; Republicans hold 11. Positive signs for DemocratsBut is the race for the Senate really over if Republicans just win West Virginia? Democratic Senate candidates seem to be at least tied or ahead in Arizona, Michigan, Montana, Nevada, Ohio, Pennsylvania and Wisconsin. Of course, Democratic Senate candidates outrunning the top of the ticket is nothing new. For Democrats to have any chance of holding the Senate, Republicans would have to lose all these Senate races.
Persons: we’ve, Donald Trump, Trump, Democratic Sen, Joe Manchin, Simone Pathe, it’s, we’re, Joe Biden, Biden, Sens, Bob Casey of Pennsylvania, Tammy Baldwin, Kari Lake, Lake, Nevada’s, Missouri’s Todd Akin, Mehmet Oz, Mark Kelly, Larry Hogan, I’m, Organizations: CNN, White, Senate, Republicans, Democratic, Republican, Republican Senate, Democrats, Florida, GOP, West Virginia, New York Times, Siena College, Biden Locations: nonjudicial, West Virginia, Texas, West, Arizona , Michigan, Montana , Nevada , Ohio, Pennsylvania, Wisconsin, Arizona, Nevada , Pennsylvania, Senate, Maine, Arizona , Nevada , Montana and Ohio, Montana, Ohio, Michigan , Pennsylvania, Maryland –
Opinion | When ‘Stop the Steal’ Becomes Your Motto
  + stars: | 2024-05-17 | by ( Jamelle Bouie | ) www.nytimes.com   time to read: +1 min
There is a good chance that Donald Trump’s polling lead in the 2024 presidential election is more fragile than it looks. The most immediate problem for him is the fact that he’s on trial in a criminal case. There is also the issue of the campaign itself, which is a smaller affair than his 2020 effort, with fewer resources. Trump could very well hold his lead through the summer and into the fall but still fail to turn stated preferences into actual votes. What looks solid in the numbers could turn out to be ephemeral in the final tallies.
Persons: Donald Trump’s, Trump, G.O.P, Organizations: Trump, Republican National Committee, Washington Post Locations: Arizona, Georgia, Michigan
In today's big story, we're looking at how Zyn nicotine pouches are becoming the new weight-loss quick fix . A new weight-loss quick fix is making the rounds just in time for summer's unofficial start (Memorial Day), but this one relies on a highly addictive drug. However, one doctor Hilary spoke to has concerns about the effects of using nicotine to lose weight. Wilson, Amazon, Albany Times Union/Hearst Newspapers/Getty, Creative Crop/Getty, Tyler Le/BIOf course, you don't have to rely on a highly addictive drug to lose weight. Disney CEO Bob Iger said he's giving too much money to the Big Tech app stores that distribute Disney-owned streamers like Hulu and Disney+.
Persons: , Michael M, Rebecca Zisser, Hilary Brueck, Mia de Graaf, Hilary, they're, They're, Wilson, Tyler Le, I'm, BI's Jordan Hart, padel, Gabby Landsverk, Jamie Dimon Jamie Dimon, Jerome Powell, Bob Iger, Bernstein, Rouco, Zers, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Business, Getty, bros, Albany Times Union, Hearst Newspapers, Creative, CNBC, JPMorgan, GameStop, Disney, Big Tech, Hulu, Google, Big, Microsoft, Wall Street, Citi Locations: Amazon, China, Ireland, Australia, millennials, New York, London
Dabney Coleman, an award-winning television and movie actor best known for his over-the-top portrayals of garrulous, egomaniacal characters, died on Thursday at his home in Santa Monica, Calif. His daughter Quincy Coleman confirmed the death to The New York Times but did not cite the cause. At a time when antiheroic leads, with the outsize exception of Carroll O’Connor’s Archie Bunker, were a rarity on television comedies, Mr. Coleman’s distinctly unlikable Bill Bittinger on “Buffalo Bill” was an exception. A profile of Mr. Coleman in Rolling Stone called Bill “a rapscallion for our times, a playfully wicked combination of G. Gordon Liddy and Groucho Marx.” (“He has to do something terrible,” Bill’s station manager said of him in one episode. “It’s in his blood.”)
Persons: Dabney Coleman, Quincy Coleman, Coleman, antiheroic, Carroll O’Connor’s Archie Bunker, Coleman’s, Bill Bittinger, Buffalo Bill ”, Rolling Stone, Bill “, Gordon Liddy, Groucho Marx, , “ It’s Organizations: New York Times, NBC, Buffalo Locations: Santa Monica, Calif, Buffalo
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Buys and a Bail: NVIDIA, Amazon, Goldman Sachs, and ConstellationVictoria Greene, G Squared Private Wealth founding partner and CIO, joins CNBC's 'The Exchange' with three buys and a bail: NVIDIA, Amazon, Goldman Sachs, and Constellation.
Persons: Goldman Sachs, Constellation Victoria Greene Organizations: NVIDIA, Amazon, Constellation, Private Wealth
The Academic Senate at the University of California, Los Angeles, voted against two resolutions seeking to rebuke the school’s chancellor, Gene Block, largely over his handling of an attack on a pro-Palestinian encampment two weeks ago. The results of the votes, conducted after a three-hour meeting on Thursday, were released on Friday and showed that only 43 percent of voting members had backed a no-confidence motion. A motion to censure Dr. Block was evenly split, 88 for and 88 against, failing to achieve a simple majority of support. “It is clear that we are not united in how we view the major events of the past weeks and the campus response to them,” Andrea M. Kasko, the Senate chair, said in a statement. “I hope that we can try to find common ground as colleagues, and have the courage to listen with open minds and open hearts even when we do not agree.”Formal rebukes by faculty were unlikely to have practical implications for Dr. Block, 75, who is set to step down as chancellor in July, said William G. Tierney, a professor emeritus of higher education at the University of Southern California who has written about the response to campus protests across the nation.
Persons: Gene Block, Block, ” Andrea M, William G, Tierney Organizations: Senate, University of California, University of Southern Locations: Los Angeles, University of Southern California
The success of the tactic underscores how tenuous a hold Republicans have on the House given their minuscule majority, and how divisions within the G.O.P. have fueled the emergence of a bipartisan coalition determined to get things done amid the dysfunction. In this case, Democrats and Republicans are attempting an end run around Speaker Mike Johnson to force a vote on legislation that would provide tax relief to victims of disasters around the country. The effort succeeded through a combination of backing from conservative Republicans from states hit hard by disasters and Democrats once again flexing their muscle in the narrowly divided House. It is just the latest example of how, during the chaotic congressional session, the House has deviated from the traditional procedural norms.
Persons: Mike Johnson Organizations: Republicans
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