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☆ Mike Johnson says Congress needs to figure out the math behind Trump's tax cuts on tips
▼ + stars: | 2024-11-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

House Speaker Mike Johnson said Congress would need to figure out the math to make the plan work. Related Video The biggest revelations from Trump's tax returns"You have got to do the math. During his presidential campaign, Trump pledged a range of tax cuts. They include an extension of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut" — as well as eliminating taxes on overtime pay, Social Security checks, and tips. Other than tax cuts, Trump has pledged to implement across-the-board 60% tariffs on all Chinese goods and other tariffs on overseas goods.

Persons: Donald Trump, Mike Johnson, Johnson, Trump, —, Nouriel Roubini Organizations: Social Security, Trump Locations: CNN's, Arizona

☆ House Ethics panel to meet on Trump attorney general pick Matt Gaetz report Wednesday
▼ + stars: | 2024-11-18 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

The House Ethics Committee will meet Wednesday to discuss its report on former Rep. Matt Gaetz, who has been tapped by President-elect Donald Trump to be the next attorney general, NBC News reported Monday. Several key Republican senators want the report on Gaetz released to the Senate for their consideration on whether to confirm him for the AG post, if and when Trump formally nominates him. The Ethics Committee had been investigating Gaetz for alleged sexual misconduct and potential illegal drug use, and other actions. The panel had been scheduled to meet last Friday on the report but postponed that session. Gaetz, who represented a Florida congressional district, resigned abruptly from the House last week after Trump said he would nominate him for AG.

Persons: Matt Gaetz, Donald Trump, Gaetz, Trump Organizations: NBC News, Senate, Trump, AG Locations: Florida

☆ The battle over Trump's Treasury secretary is adding to the market's problems
▼ + stars: | 2024-11-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's flurry of announcements regarding Cabinet nominees has left investors with one unexpected headache: a suddenly cloudy picture of who will take the all-important position of Treasury secretary. One somewhat new name to emerge into the Treasury conversation is former Fed governor Kevin Warsh. However, the Wall Street Journal reported Sunday that Warsh also has emerged as potential Treasury contender. Yields took another leg higher on Monday amid the Treasury uncertainty. However, Fundstrat research chief Tom Lee said that once the Treasury nominee issue is settled, that should restore some market confidence.

Persons: Donald Trump's, Trump, Scott Bessent, Sen, Bill Haggerty, Howard Lutnick, Elon Musk, Powell, Stocks, Kevin Warsh, Jerome Powell, Warsh, Evercore, Tom Lee, Lee Organizations: Key Square Group, Federal Reserve, Treasury, Trump Trade, Trump, Wall Street

☆ Trump taps Brendan Carr to chair Federal Communications Commission
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration's telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said in a statement on Sunday. Carr, 45, is currently the top Republican on the FCC, the independent agency that regulates telecommunications. Last week, Carr wrote to Meta's Facebook, Alphabet's Google , Apple and Microsoft saying they had taken steps to censor Americans. Trump also sued CBS over its "60 Minutes" interview with Vice President Kamala Harris.

Persons: Brendan Carr, Donald Trump, Carr, Joe Biden's, Disney's, Trump, Kamala Harris Organizations: Energy, Communications, Technology, Biden, Big Tech, Federal Communications Commission, Republican, FCC, Elon, SpaceX, Commerce Department's, Facebook, Google, Apple, Microsoft, Sunday, Disney's ABC, NBC, Paramount, CBS

☆ China to front-load 2025 local government special bonds quota, report says
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

BEIJING, CHINA - SEPTEMBER 04: Buildings and vehicles are seen in the central business district during the rush hour on September 4, 2020 in Beijing, China. China's finance ministry is planning to front-load part of the 2025 local government special bonds quota to meet funding needs for major infrastructure projects, state-backed The Securities Times reported on Monday. The State Council, China's cabinet, typically determines and issues an advance allocation of new local government debt quotas for the following year in the fourth quarter, depending on economic conditions, the report said. By the end of October, local governments had issued 3.9 trillion yuan ($539 billion) in new special bonds, almost completing debt issuance under the 2024 quota, the report added. Earlier this month, China unveiled a 10 trillion yuan debt package to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure following the re-election of Donald Trump as U.S. president.

Persons: Donald Trump Organizations: Securities Times, State Council, Ministry of Finance, Beijing Locations: BEIJING, CHINA, Beijing, China

What was supposed to be a simple birthday treat devolved into the latest flashpoint after “The View” co-host Whoopi Goldberg implied that a New York bakery refused to take her order because of her liberal politics. But the distinctive polka-dotted packaging on the cakes left local viewers little doubt about which business she was talking about: Holtermann’s Bakery in Staten Island. Goldberg and Holtermann’s Bakery did not immediately respond to NBC News’ requests for comment. But Holtermann, who joined Fossella at Friday’s news conference, said that the bakery has received “overwhelming” support in the wake of the incident. Your love and loyalty keep us going!”Whoopi Goldberg attends the Tribeca Film Festival, in N.Y., on April 19, 2013.

Persons: Whoopi Goldberg, Goldberg, charlotte russe, ”, ” Goldberg, Kamala Harris, “, I’m, Jill Holtermann, Vito Fossella, Holtermann’s, Holtermann, Fossella, we’ve, Larry Busacca, Rachel Zegler, Donald Trump, Zegler, Snow, “ Trump, Trump, Megyn Kelly, ” Zegler, ” “ Organizations: charlotte, New, Democratic, Staten, NBC, Tribeca Film, Trump voters, Disney Locations: New York, New York City, Staten Island, Staten Island’s, Staten, N.Y

Speaker Mike Johnson on Sunday left the door open to adjourning Congress so President-elect Donald Trump can appoint his Cabinet nominees outside of the usual Senate confirmation process if necessary. Both chambers usually gavel in for pro forma sessions even during times of recess specifically to prevent the president from making recess appointments and bypassing congressional approval. President Barack Obama once tried to use recess appointments and was rebuked by the Supreme Court, which said in 2014 that recesses needed to be 10 days or longer for recess appointments to be legal. Johnson isn’t the only Trump ally who has left the door open to using a recess appointment to confirm Trump’s Cabinet picks. “I have literally not discussed one word about the ethics report, not once, and I’ve been with him quite a bit this week,” Johnson said.

Persons: Mike Johnson, Donald Trump, ” Johnson, “, he’d, Trump, Johnson, Barack Obama, Trump’s, , Oklahoma GOP Sen, Markwayne Mullin, It’d, ” Mullin, Hakeem Jeffries, Chuck Schumer, Dick Durbin, Matt Gaetz, Gaetz, There’s, I’ve Organizations: Sunday, “ Fox, Supreme, , Oklahoma GOP, NBC, Press, GOP, Democratic, Trump’s, House, CNN Locations: Washington, , Oklahoma, D, Gaetz

Former Fox News host Pete Hegseth’s attorney on Sunday confirmed to NBC News that Hegseth, whom President-elect Donald Trump has named as his candidate for defense secretary, paid a woman an undisclosed amount after she accused him of sexual assault. “In 2023, Hegseth paid the complainant as part of a civil confidential settlement agreement and maintains his innocence,” Timothy Parlatore, Hegseth’s attorney, said in a statement. He also denied that the encounter between Hegseth and an unnamed woman, which she alleges happened in 2017, was sexual assault. Parlatore’s statement comes after The Washington Post on Saturday reported that a friend of Hegseth’s accuser sent a memo to the Trump transition team detailing the allegations. Authorities in Monterey investigated the allegation in 2017 and did not file charges against Hegseth.

Persons: Pete Hegseth’s, Donald Trump, “, Hegseth, ” Timothy Parlatore, Parlatore, ”, he’ll, Sen, Markwayne Mullin, ” Mullin Organizations: Fox News, NBC News, Washington Post, Trump, California Federation of Republican Women, Authorities, Hegseth, Senate, NBC, Press Locations: Monterey , California, Hegseth’s, Monterey, United States

☆ Biden authorized Ukraine to strike Russia with U.S.-supplied long-range missiles
▼ + stars: | 2024-11-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +2 min

President Joe Biden has authorized Ukraine to use U.S.-provided long-range weapons inside Russia for limited strikes, according to two U.S. officials. The easing of longtime restrictions comes as North Korea has deployed thousands of troops to the Kursk region of Russia to support Russian troops fighting Ukrainian forces. The new authority applies to Army Tactical Missile Systems, or ATACMS, which Ukrainian officials have sought from the Biden administration. Andrew Harnik / Getty ImagesBut the change comes after Biden officials have condemned the North Korean deployment as a possible expansion of the war. In May, Biden secretly gave Ukraine permission to use American weapons to strike Russia just over the border.

Persons: Joe Biden, Biden, Andrew Harnik, Donald Trump Organizations: Army Tactical Missile Systems, White, Biden, Pentagon, White House, NBC, Russia Locations: Ukraine, Russia, North Korea, Kursk, Ukrainian, The U.S

☆ Meet the Press – November 17, 2024
▼ + stars: | 2024-11-17 | by ( ) www.nbcnews.com time to read: +58 min

And by the way, I do believe that President Trump has the ability to pick some really, really good people. We've seen what they've done to President Trump, we've seen the attacks that they continue to go after him with. That's - that’s being taken completely out of context. And President Trump hasn't been the one that weaponized the DOJ to go after his political enemies. I think that's a pretty controversial pick, from whatever pronoun that he or he - he or she decides to use.

Persons: KRISTEN WELKER, Donald Trump’s, SEN, LISA MURKOWSKI, SUSAN COLLINS, KEVIN CRAMER, JOHN BOLTON, Trump’s, Trump, MIKE JOHNSON, JOHN, CHUCK SCHUMER, DONALD TRUMP, Hakeem Jeffries, Markwayne Mullin, Amna Nawaz, Eugene Daniels, Jen Psaki, Lanhee Chen, it’s, Kristen Welker, Donald Trump, Matt Gaetz, Gaetz, who's, we're, Mike Johnson, Johnson, MATT GAETZ, Robert F, Kennedy Jr, Kennedy, he's, ROBERT F KENNEDY JR, I'm, I've, LEX FRIDMAN, Trump's, Pete Hegseth, Hegseth, ” Hegseth, SHAWN RYAN, PETE HEGSETH, Mullin, Press . SEN, MARKWAYNE MULLIN, Kristen, you've, Kristi Noem, Matt Gaetz's, they're, Matt, Here's, We've, we've, Biden, Hunter Biden, didn't, Trump hasn't, Garland, Pete, Bobby Kennedy, Bobby, Rachel, Sam, There's, Pete Buttigieg, Let's, Kristen –, there's, let's, Chuck Schumer, Obama, Canning, we'll, He's, Jeffries, HAKEEM JEFFRIES, Roe, Wade, Pelosi's, Pelosi, It's, Nancy Pelosi, Jim Clyburn, Steny Hoyer, That's, should've, Kamala Harris, it's, Matt Gaetz –, Tulsi Gabbard, Debbie Wasserman Schultz, DEBBIE WASSERMAN SCHULTZ, Assad, She's, Dick Durbin, Donald Trump's, Politico “ Playbook, AMNA NAWAZ, Jim Mattis, Rex Tillerson, John Kelly, Eugene, EUGENE DANIELS, –, Susan Collins, hasn't, LANHEE CHEN, aren't, Doug Burgum, Marco Rubio, Elise Stefanik, Jen, JEN PSAKI, – AMNA NAWAZ, that's, Thune, Biden's, George W, Bush, Joe Biden, JOE BIDEN, – I’ve, —, – JEN PSAKI, Elizabeth Warren, Bernie Sanders, We're, We'll Organizations: GOP, Democratic, Oklahoma, PBS, White House Press, Hoover Institution, Press, NBC, Department of Justice, Mar, FBI, CDC, ATF, DOJ, NBC News, Republicans, of Health, Human Services, Defense, Fox News, Police, Republican, Pentagon, Press ., Trump, Senate, Biden, White, Justice Department, America, Senate Armed Services Committee, The Washington, HHS, of Energy, Department of Transportation, RFK Jr, ’, House Democratic, Democracy, REP, House Democrats, Social, Medicare, Democrats, Committee, of, Politico, Stanford University, Trump’s, Gaetz, Department of Defense, Office, Mr, Republican Party, Democratic Party Locations: Washington, America, Florida, Monterey , California, States, Oklahoma, Russia, United States, Afghanistan, Iraq, New York, American, Syria, Russian, Will, California, –, Trump

"I have said that there's, there's some positives to vaccinations. And if it isn't vaccines, there's no -- nothing wrong with actually taking a hard look and finding out, is that's what's causing it? Recess appointments would allow the president-elect to place the House and Senate into recess so that he could appoint his nominees without having to go through the traditional Senate confirmation process. It's something that the Senate strives to avoid and it's why the chamber gavels into pro-forma sessions even while they're in recess. "It'd be the absolute last resort," Mullin told Welker.

Persons: Sen, Markwayne Mullin, Robert F, Kennedy Jr, Donald Trump's, Kennedy, I've, Mullin, Kristen Welker, Trump, John Thune, Barack Obama, Welker Organizations: Department of Health, Human Services, NBC, America, for Disease Control, CDC, National Academy of Medicine, Republicans, Supreme Locations: United States, Oklahoma, TruthSocial

“I don’t think that Black Twitter is going to exist within the next couple of years,” said Jonathan Johnson, a 29-year-old behavioral therapist in Houston and a longtime Twitter and X user. “Social media is only important because of the social part, and if you don’t have that, people aren’t going to use” the app. Like many others, Black users have been eyeing an exit from the app since 2022, but users told NBC News that this mass exodus feels more permanent. He criticized the functionality of the app and said it will suffer without a mass of Black users. “It feels like a very welcoming, safe space,” said Pariss Chandler, the organizer of Black Tech Twitter and the founder of the recruitment platform Black Tech Pipeline.

Persons: ”, Jonathan Johnson, Mike Brown’s, Donald Trump, “, Ashon Crawley, Johnson, ” Elon, Musk, “ I’m, ” Crawley, Emily Liu, ” Liu, Gabrielle Union, Don Lemon, Vivek Ramaswamy, ” Johnson, Pariss Chandler, Chandler, “ It’s, ” Chandler, they’re, Rudy Fraser, Fraser, “ there’s, Bluesky, Bluesky’s, Blacksky Organizations: Twitter, University of Virginia, NBC News, Bluesky, Meta, Republican, “ Department, Government, Black Tech Twitter, Black Tech Pipeline Locations: Houston, Similarweb, Bluesky, Los Angeles, Crawley, Still

ArizonaResult: Trump 52.2%; Harris 46.7%Margin: Trump +186,138Two counties in Arizona make up the lion’s share of the population. After losing Arizona’s Latino vote by 24 points to Biden, Trump slashed his deficit to just 10 points this time. In some of these counties, Harris actually did improve on Biden’s performance, significantly. About 450 miles northwest of Vegas, in the state’s other major population center, in and around Reno in Washoe County, Trump also made strides. PennsylvaniaResult: Trump 50.4%; Harris 48.6%Vote margin: Trump +125,325Overall, Pennsylvania shifted 3 points to Trump between 2020 and 2024.

Persons: Donald Trump, Kamala Harris, Joe Biden’s, Harris, Biden, Harry Truman, Trump, It’s, Barack Obama, Harris ’, Henry, Harris underperformed, hasn’t, Clark —, —, Clark, Hoke, Obama, Hillary Clinton, they’ve, Dane County, Dane Organizations: Democratic, Arizona, Trump, Republican, Maricopa, Biden, Fort Apache, Democrats, Trump ., Atlanta counties, GOP, Michigan, Grand Traverse, ’, Wayne, American, Clark, NBC News, Puerto Ricans, Democratic Party, Milwaukee Locations: Arizona, Maricopa County, Phoenix, Maricopa, Pima County, Tucson , Pima, Trump’s Arizona, Navajo, Apache County, Trump, Georgia, Atlanta, Douglas, Newton, Rockdale, Fulton, Gwinnett, DeKalb, Forsyth, Michigan, Lower, Grand, Traverse, Lake Michigan, Wayne, Black Detroit, Detroit’s, Dearborn, Israel, Hamtramck, Canton, Detroit, Oakland County, Macomb County, Nevada, Clark County, Las Vegas, Clark, Vegas, Reno, Washoe County, Washoe, . North Carolina, North Carolina, Robeson, Scotland, Swain County, Asheville, Buncombe County, Pennsylvania, Philadelphia, Biden’s, Puerto, Allentown, Reading, Hazleton, Lackawanna County, Scranton, Bucks, Pike County, New Jersey, New York, Chester, Montgomery, Harrisburg, Wisconsin, Harris, Milwaukee, Outagamie, Winnebago, Green Bay, Appleton, Madison

☆ Scores killed by Israeli strikes on Gaza; suspects arrested for firing flares at Netanyahu's house
▼ + stars: | 2024-11-17 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +5 min

Israeli air strikes overnight and into Sunday have killed scores in Gaza, according to local health officials, as police in Israel arrested three suspects after flares were fired at Prime Minister Benjamin Netanyahu's home in the city of Caesarea. Basal said 60 people were killed after the IDF bombed houses in the city Sunday morning, and that "dozens are under the rubble." Israeli Defense Minister Israel Katz said the incident crossed “all red lines” in a post on X early on Sunday. According to Lebanon’s health ministry, Israeli attacks have killed at least 3,400 people in the country. Hezbollah attacks have killed about 100 civilians and soldiers in northern Israel, the Israeli-occupied Golan Heights and southern Lebanon over the last year, according to Israel.

Persons: Benjamin Netanyahu's, mull, Beit Lahiya, Mahmoud, Hanoun, Abu, Balah, BASHAR TALEB, Abdel Kareem Hana, Netanyahu, Israel Katz, ”, Shimon the Prophet, Israel, Beirut's, Nabih Berri, Ali Hamdan, Biden, Donald Trump Organizations: Israel Defense Forces, Civil Defense, NBC, NBC News, United Nations, Aqsa Martyrs Hospital, Getty, Israel, Hamas, Israeli Defense, IBRAHIM AMRO, Reuters, Security, Bank Locations: Gaza, Caesarea, Lebanon, U.S, Gaza's, Beit, Jabalia, Aqsa, Deir Al, Deir al, Israel, Iran, Jerusalem, Chamaa, Hreik, Lebanon’s, Beirut's, AFP, Lebanese, Lebanon’s Litani, Golan

Following Trump’s decisive election victory, many DOJ officials and career staffers were already nervous about the possibility that they would be targeted by Trump loyalists, particularly members of Congress. “Everything we did was above board,” said a former senior FBI official, who has started contacting lawyers because he expects to be prosecuted himself. “Agents have to do 20 years,” the former senior FBI official said. DOJ and FBI officials say that the Trump investigations were carried out properly. Now, a new group of DOJ and FBI officials are facing the prospect of hefty legal fees as well.

Persons: Trump, Matt Gaetz, ”, elect’s, beholden, Gaetz, “, “ Trump, Wally Skalij, Weeks, Stephen Cheung, Witch Hunt, ” Cheung, Stephen Gillers, General Merrick Garland, Trump’s, Garland, Mike Davis, Jack Smith, Smith, Donald Trump, Jacquelyn Martin, Ilya Somin, ” Somin, Robert Mueller, Paul Manafort, Bill Barr, John Durham, Russia’s, Durham, Jack Smith’s, ” Gillers, Captain Ahab Organizations: Justice Department, FBI, Trump loyalists, Trump, “, DOJ, Los Angeles Times, Getty Images Trump, New York University Law School, ”, DOJ DOJ, Department, Justice, George Mason University, Russia, CIA, NYU Locations: Coachella , Calif, Washington, Gaetz

Many people feel “that they’re not getting enough back, that a college education isn’t worth enough,” said Paul Peterson, a professor of education policy and governance at Harvard University. The data says that college education is worth more than ever.”The dissonance shows how higher education has become another slice of the economy where the vibes are worse than the numbers might suggest — and risks exacerbating Democratic losses with working-class voters. Andrew Smith, director, University of New Hampshire Survey CenterThere are many reasons why improving college affordability may not register widely. Given other budget pressures — from child care to car insurance — college expenses simply might not have fallen enough to matter. A polling site in Vienna, Va., on Election Day, which saw working-class voters further embrace Republicans.

Persons: they’re, ”, Paul Peterson, Donald Trump, Kamala Harris, Trump, Andrew Smith, Pew, “ We’ve, Robin Isserles, ” Isserles, “ I’ve, Bill Clark, Ashley Koning, Harris, ” Koning, Sallie Mae Organizations: Harvard University, “, NBC, Pew, University of New Hampshire Survey, grads, National Center for Education Statistics, Dallas Federal Reserve Bank, Manhattan Community College, Trump, Voters, Inc, Getty, Eagleton Center for Public, Rutgers University, Democrats, College Board, Republicans Locations: New York City, Staten Island, Long, Nassau County, Vienna, Va, New Jersey, New Jersey , New Hampshire, Pennsylvania

The sketch comedy showcase presented its version of the meeting between outgoing president Joe Biden and Trump at the White House on Wednesday, portraying Trump's cabinet picks as unconventional. Carvey's Biden complained that his dog had been attacking foreign leaders who visit the White House — "every single one." Staying on topic, Trump noted, "I am very fastly picking the most epic cabinet of all time," he said. Repertory player Sarah Sherman portrayed Gaetz, who is Trump's choice to oversee the Department of Justice, which previously investigated him. “SNL” airs on NBC, a division of NBCUniversal, which is also the parent company of NBC News.

Persons: Donald Trump, Joe Biden, Trump, Trump's, James Austin Johnson, Biden, Dana Carvey, Carvey's Biden, Johnson's Trump, Elon, We've, Matt Gaetz, Kristi Noem, Sarah Sherman, Gaetz, Alec Baldwin, Robert F, Kennedy Jr, —, Baldwin's Kennedy, he'll, Jake Paul, podcaster Dugan, Marcello Hernández, PJ, Emil Wakim, Colin Jost, he's, xcx Organizations: White, Elon, RFK Jr, of Justice, Trump, SNL, NBC, NBC News Locations: Canada, Joe, Iran, NBCUniversal

☆ Trump transition team compiling list of current and former U.S. military officers for possible courts-martial
▼ + stars: | 2024-11-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +5 min

The Trump transition team is compiling a list of senior current and former U.S. military officers who were directly involved in the withdrawal from Afghanistan and exploring whether they could be court-martialed for their involvement, according to a U.S. official and a person familiar with the plan. The Trump transition team did not immediately respond to a request for comment. Afghan applicants crowd into the Herat Kabul Internet cafe seeking help applying for the Special Immigrant Visas program in 2021 in Kabul, Afghanistan. It’s not clear the Trump administration would pursue treason charges, and instead could focus on lesser charges that highlight the officer’s involvement. A military transport plane launches while Afghans who cannot get into the airport to evacuate are stranded in Kabul, Afghanistan, in 2021.

Persons: “, Matt Flynn, Paula Bronstein, Donald Trump, ”, Joe Biden, Biden, Pete Hegseth, ” Hegseth, Marcus Yam, capitulating, It’s, Trump, Howard Lutnick, George Floyd Organizations: Trump, U.S, U.S ., Biden, Fox News, Warriors, Pentagon, Kabul International Airport, Los Angeles Times, Getty, Islamic State, NBC, Democratic Locations: Afghanistan, U.S, Herat Kabul, Kabul, United States, Syria

☆ Xi says he will work with Trump team as he meets Biden in Peru
▼ + stars: | 2024-11-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

Chinese President Xi Jinping on Saturday vowed to work with the incoming U.S. administration of President-elect Donald Trump as he held his final talks with outgoing President Joe Biden on key conflicts from cyber crime to trade, Taiwan and Russia. Biden met Xi for about two hours at a hotel where the Chinese leader was staying, on the sidelines of the Asia-Pacific Economic Cooperation forum in Lima, Peru, for their first talks in seven months. Taiwan President Lai Ching-te is planning to stop in the U.S. state of Hawaii and maybe Guam on a sensitive visit that is sure to anger Beijing in the coming weeks, Reuters reported on Friday. Meanwhile, Taiwan’s former economy minister Lin Hsin-i met Biden at the summit on Friday and invited him to visit Taiwan in the near future. “When Xi meets with Biden part of his audience is not — it’s not solely the White House or the U.S. government.

Persons: Xi Jinping, Donald Trump, Joe Biden, Biden, Xi, “, ” Biden, haven’t, Trump, Marco Rubio, Mike Waltz, Lai Ching, Lin Hsin, ” Xi, Jake Sullivan, ” Shen Dingli, ”, Shen, Ryan Berg Organizations: Economic Cooperation, Republican, Reuters, Embassy, Wednesday, Biden, Pacific Rim, APEC, U.S, Americas, Center for Strategic, International Studies, . Locations: Taiwan, Russia, Asia, Lima , Peru, China, Beijing, U.S, Washington, U.S ., Hawaii, Guam, North Korea, Ukraine, Russian, ”, United States, Shanghai, Lima, America, Peru

☆ 4 signs of re-inflation investors should watch out for, Charles Schwab says
▼ + stars: | 2024-11-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

AdvertisementInflation's downtrend may not be as straightforward as some investors think, according to Charles Schwab. Immigration reform could mean higher labor costs," the note added. Labor costs risingLabor costs have accelerated in recent months, with unit labor costs among all workers in the business sector rising to 3.4% year-over-year in the third quarter, according to Federal Reserve data. Markets are beginning to dial back expectations for further rate cuts in response to inflation concerns," Schwab strategists said. Charles Schwab, Citi Economic Surprise Index"Stronger growth suggests that the Fed may not lower short-term rates as much as anticipated just a few months ago.

Persons: Charles Schwab, Donald Trump, Trump, Schwab, It's Organizations: Trump, Bureau of Labor Statistics, Labor, Federal Reserve, Unit, Bloomberg, Treasury, Business, Citi

☆ Trump's trade restrictions could be good for American semiconductor jobs
▼ + stars: | 2024-11-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementThe tariffs Donald Trump proposed while campaigning could help create US semiconductor jobs. To be sure, the impacts of a tariff policy on chips could be mixed. He said that the federal government should have implemented tariffs instead to motivate global chipmakers to build more factories in the US, which would then create jobs. AdvertisementTo be sure, the impacts of a tariff policy on chips could be mixed. In August, the White House said that investments supported by CHIPS Act funding would help create 115,000 construction and manufacturing jobs.

Persons: Donald Trump, podcaster Joe Rogan, Trump, Jeff Koch, SemiAnalysis, Patrick Moorhead, Jeff Ferry, Ferry, Stephen Ezell, Ezell Organizations: US, Industry, Biden, Samsung, Coalition for, Prosperous, Semiconductor Industry Association —, Intel, Information Technology, Innovation Foundation, Apple Locations: Taiwan, China, South Korea, Prosperous America, Arizona, India, United States

☆ The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
▼ + stars: | 2024-11-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. How Washington regulates the industry has enormous consequences for this burgeoning sector, along with the 52 million Americans who now hold digital assets. “The strategy is to have as many conversations with as many people in the Trump orbit as possible so that everyone has an understanding of what the crypto industry is most interested in,” she said. They also helped finance Fairshake, a crypto industry super PAC launched last year that was active in congressional contests. An industry super PAC spent $40 million to back to Republican Senate candidate Bernie Moreno in Ohio, who ousted three-term Democratic Sen. Sherrod Brown.

Persons: Donald Trump, Gary Gensler, Biden, Crypto, Elissa Slotkin, Ruben Gallego, Sam Bankman, “ Crypto, ” Kristin Smith, we’ll, that’s, ” Smith, ”, Smith, Dan Gallagher, Paul Atkins, Atkins, Gallagher, Bitcoin, Trump, –, It’s, Barron, Steve Witkoff, multibillionaire Elon Musk, Cantor Fitzgerald Howard Lutnick, Carlos Barria, Reuters Howard Lutnick, Cantor Fitzgerald, Marc Andreessen, Ben Horowitz –, Sergio Gor, Andreessen, “, Tyler, Cameron Winklevoss, Musk, Katie Porter, Massachusetts Sen, Elizabeth Warren, Porter, Adam Schiff, Bernie Moreno, Democratic Sen, Sherrod Brown, Brown, Moreno, Colin McLaren, ” Robert Weissman, Andreessen Horowitz, Kara Calvert, CNN’s David Wright Organizations: CNN, Trump, Securities, Exchange Commission, Industry, Crypto, Blockchain Association, SEC, Token Alliance, Liberty, Liberty Financial, of Government, Republican, Reuters, Venture, Biden, PAC, Democratic Rep, Democratic, Banking Committee, Commodities Futures Trading Commission, Cedar Innovation Foundation, Consumer, Public Citizen Locations: Washington, Michigan, Arizona, Madison, New York City, U.S, America, Bitcoin, Massachusetts, California, Ohio

☆ Biden allows Ukraine to use U.S. arms to strike inside Russia
▼ + stars: | 2024-11-17 | by ( ) www.cnbc.com time to read: +4 min

Ukraine plans to conduct its first long-range attacks in the coming days, the sources said, without revealing details due to operational security concerns. Russia has warned that it would see a move to loosen the limits on Ukraine's use of U.S. weapons as a major escalation. Some congressional Republicans had urged Biden to loosen the rules on how Ukraine can use U.S.-provided weapons. Russia is advancing at its fastest rate since 2022 despite taking heavy losses, and Ukraine said it had clashed with some of those North Korean troops deployed to Kursk. Despite Zelenskiy's pleas, the White House had been reluctant to allow U.S.-supplied weapons to be used to strike targets deep inside Russia for fear this could escalate the conflict.

Persons: Joe Biden, Volodymyr Zelenskyy, Joe Biden's, Donald Trump, Trump, Richard Grenell, Grenell, Biden, Zelenskiy, Alex Plitsas, Radoslaw Sikorski, Putin, Sikorski Organizations: U.S, State Department, Trump, Biden, Korean, Atlantic Council, Bradley Fighting Vehicles, Abrams Tanks, White Locations: Ukraine, Kyiv, Russia, Korean, Washington, Ukrainian, U.S, Kursk, HIMARS

☆ I've had Bluesky for less than a week. Here's how to get started with the competitor to Elon Musk's X.
▼ + stars: | 2024-11-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

AdvertisementBluesky has seen a surge in users after the US election and as X introduces new terms of service. Bluesky is having quite the week as millions of people flock to sign up in the wake of the US election and new terms of service coming to X. Bluesky had 17 million users as of Friday, according to a live stat-tracker by a Bluesky developer. As departure announcements and Bluesky links popped up in my X feed on Wednesday, I became curious to see how the app attracted so many new accounts. Jordan Hart/BIBluesky's posts, known as "skeets," work similarly to posts on X (previously known as "tweets").

Persons: Bluesky, Jack Dorsey, Elon Musk, Donald Trump, X, they'd, Mark Zuckerberg, Jordan Hart Organizations: Twitter Locations: Bluesky

☆ Democrats are hoping blue states can hold the line in their battle against Trump's second-term agenda
▼ + stars: | 2024-11-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

AdvertisementDemocrats hope blue states can be the party's redoubt against Trump's second term. Democrats are also lining up lawyers to stymie Trump's agenda and planning for 2028. And as Trump's first term progressed, Democrats remained laser-focused on opposing him. The newspaper reported that advocacy groups are rallying hundreds of attorneys to fight Trump's agenda from the start of the president-elect's second term. Pritzker pledged to work with the Trump administration but also called himself a "warrior" for his state.

Persons: stymie, Kamala Harris, Joe Biden, Donald Trump, Trump's, Skye Perryman, Harris, Trump, Gavin Newsom, JB Pritzker, Gretchen Whitmer, Newsom, Pritzker, Illinoisans, Whitmer Organizations: White, Democratic Party, Democratic, The New York Times, Trump, US Supreme, Times, Democracy, Illinois, Michigan Locations: Washington, California, Michigan, Illinois, Sacramento

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