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☆ Inflation is 'always going to be a risk' with the U.S. economy now fundamentally changed, ADP chief economist says
▼ + stars: | 2023-10-06 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty Images Al Drago | Bloomberg | Getty ImagesInflation is "always going to be a risk" in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP. Prior to that, interest rates had remained low for a decade as central banks around the world looked to stimulate their respective economies in the wake of the global financial crisis. "This was an economy built on very close to zero interest rates for 10 years of economic expansion, and that was OK because inflation was super low," she said. watch now"But now inflation has awakened, and if you look at demographic trends, labor shortages are not going away.

Persons: Al Drago, Nela Richardson, Richardson, It's Organizations: Bloomberg, Getty, U.S . Federal Reserve, Market Committee, Dow Jones Locations: Ocean City , New Jersey, US, U.S

☆ Migrants Overwhelm Border City of Eagle Pass, Texas
▼ + stars: | 2023-09-22 | by ( ) www.wsj.com time to read: 1 min

The Fed Holds Rates Steady: Takeaways From the Latest FOMC MeetingThe Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policymakers do next? Photo: Al Drago/Bloomberg News

Persons: Al Drago Organizations: Fed, Bloomberg

☆ Former Trump aide Meadows files appeal to move Georgia election case to federal court -filing
▼ + stars: | 2023-09-11 | by ( Us Appeals Judge Faults Probe Of Federal Circuit'S Pauline Newman | Andrew Goudsward | August | ) www.reuters.com time to read: +1 min

REUTERS/Al Drago/File Photo Acquire Licensing RightsSept 11 (Reuters) - Mark Meadows, a former aide to Donald Trump who was charged in Georgia with trying to overturn the former U.S. president's 2020 election loss, has appealed a judge's ruling denying his bid to move the case to federal court, a court filing showed on Monday. He also asked the U.S. district court for northern Georgia to stay the effect of its order remanding his case to state court pending his appeal to the 11th Circuit. In that filing, Meadows' lawyers argued that several aspects of the district court's order departed from precedent, including failing to credit Meadows' account of his conduct and duties and raising the burden on Meadows to justify the removal of his case from state court. "There is a substantial possibility that the Eleventh Circuit will disagree with this Court on at least one of these issues, or on other issues Mr. Meadows will raise on appeal," the court filing said. Meadows also argued that not granting a stay would cause irreparable injury to Meadows.

Persons: Mark Meadows, Al Drago, Donald Trump, Steve Jones, Meadows, Trump, Joe Biden, Katharine Jackson, Rami Ayyub, Doina, Chizu Organizations: White, REUTERS, . U.S, District, Fulton, Democratic, Circuit, Appeals, Thomson Locations: Washington , U.S, Georgia, U.S, ., Fulton County

“I personally would like to see the inquiry happen (this) week,” the Georgia Republican told CNN. The two chambers are hundreds of billions dollars apart and divided over controversial social issues that House Republicans have tacked on to their spending bills. “I am against a continuing resolution in any form or fashion,” Gonzales told CNN. “There is a constitutional and legal test that you have to meet with evidence,” Johnson told CNN. If McCarthy again defers an impeachment vote, it could enrage the right.

Persons: Kevin McCarthy, Joe Biden, Marjorie Taylor Greene, Biden, “, capitulating, Donald Trump, McCarthy, Steve Womack, –, hasn’t, Tony Gonzales, Womack, “ McCarthy, Dusty Johnson of, “ He’s, I’ve, Anna Moneymaker, It’s, Ben Cline of, ”, ” Johnson, ” Gonzales, I’m, Gonzales, Bob Good, Al Drago, Greene, ” Greene, Ken Buck, don’t, Johnson, Sen, Marco Rubio, ” Rubio, West Virginia Republican Sen, Shelley Moore Capito, ” Capito, impeaching Biden, Trump, ” Rep, Dusty Johnson, Alex Brandon, Cline, Matt Gaetz, Gaetz, @aoc, eric, Lauren Boebert, defers, ” Womack Organizations: CNN, Federal Aviation Administration, GOP, Georgia Republican, “, Biden, Republicans, Dusty Johnson of South Dakota, ”, Building, Department of Justice, Caucus, Freedom Caucus, Senate, Senate Democrats, Fox Business, Republican, Bloomberg, Getty, House Republicans, –, Street Caucus, Florida Republican, West Virginia Republican, Capitol Locations: Washington, Ukraine, That’s, Arkansas, Tony Gonzales of Texas, Dusty Johnson of South, Washington , DC, Ben Cline of Virginia, Virginia, Ken Buck of Colorado, Florida, South Dakota, ”, Colorado

☆ Mark Meadows fails in bid to move Georgia election case to federal court
▼ + stars: | 2023-09-08 | by ( Jack Queen | ) www.reuters.com time to read: +3 min

White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. The law allows a defendant to have their case heard in federal court if the charges against them stem from their official duties. Meadows could have faced a friendlier jury pool in federal court, which draws from a larger and more politically diverse area than Fulton County, Georgia, the Democratic stronghold where the case was filed. Moving to federal court would have also allowed Meadows to argue that he is immune from state prosecution because he was carrying out his duties as a federal official. Meadows, Trump and 17 others were charged in a sprawling indictment in August.

Persons: Mark Meadows, Al Drago, Donald Trump’s, Steve Jones, Meadows, Trump, Joe Biden, Brad Raffensperger, Prosecutors, Kanishka Singh, Jack Queen, Dan Wallis, Noeleen Organizations: White, REUTERS, U.S, District, Fulton, Democratic, Prosecutors, Electoral College, Thomson Locations: Washington , U.S, Fulton County , Georgia, Georgia, Trump, Florida, Washington, New York

☆ Grand jury called for indicting Sens. Graham, Perdue, Loeffler in Trump Georgia election case
▼ + stars: | 2023-09-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The full 25-page report of the special grand jury, which finished its investigative work last winter, was released Friday morning. However, in addition to the three senators, the special grand jury also had recommended indictments be issued against 18 other people who were ultimately not charged by the regular grand jury last month, in addition to the people who did end up being indicted. Both Perdue and Loeffler, who were sitting senators at the time of the 2020 election, were defeated in early 2021 runoff elections by Democrats, Sens. Graham, a staunch Trump ally, is known to have called Georgia Secretary of State Brad Raffensperger after the November 2020 election to ask about absentee ballots in that contest. Trump and his co-defendants were indicted by a regular grand jury in Fulton County Superior Court last month on charges alleging a broad-ranging election conspiracy.

Persons: Kelly Loeffler, David Perdue, Al Drago, Donald Trump, Lindsey Graham of, Trump, Lindsey Graham, Tom Brenner, Michael Flynn, Boris Epshteyn, Cleta Mitchell, Graham, Perdue, Loeffler, Jon Ossoff, Raphael Warnoff, Trump's, Brad Raffensperger, Fani Willis Organizations: Reuters, Republican, Fulton County Superior Court, Capitol, Trump, District of Columbia, Democrats, Sens, Loeffler, Court Locations: Milton , Georgia, Georgia, Lindsey Graham of South Carolina, Fulton, Russia, Washington , U.S, Loeffler, Georgia , Arizona , Wisconsin , Michigan, Pennsylvania, Fulton County

White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. REUTERS/Al Drago/File photo Acquire Licensing RightsWASHINGTON, Sept 5 (Reuters) - Former White House Chief of Staff Mark Meadows pleaded not guilty on Tuesday to charges in the Georgia election subversion case, joining two other allies of former President Donald Trump. Meadows went from being one of Trump's top Republican allies in the U.S. House of Representatives to becoming his White House chief of staff. Meadows attended White House meetings related to attempts to undo Trump's election defeat. Eastman represented Trump in a long-shot lawsuit to overturn voting results in four states Trump lost in 2020.

Persons: Mark Meadows, Al Drago, Donald Trump, John Eastman, Jeffrey Clark, Trump's, Democrat Joe Biden, Trump, Meadows, Frances Watson, Fulton, Brad Raffensperger, Eastman, Jack Smith's, Mike Pence, Biden, Clark, Jeffrey Rosen, Smith, Rosen, Rudy Giuliani, Doina Chiacu Organizations: White, REUTERS, Rights, White House, Fulton County Superior Court, Republican, Democrat, U.S . House, Trump, U.S, Electoral College, Justice Department, Department, Thomson Locations: Washington , U.S, Georgia, Meadows, Fulton County, U.S, Georgia's Fulton

Those charges center around a voting system breach in Coffee County, Georgia, a rural, Republican district that voted overwhelmingly for Trump in 2020. Willis’ indictment describes the breach, and Powell’s alleged involvement, as central to the broader conspiracy to overturn the 2020 election results in Georgia. Powell has also been identified by CNN as one of Trump’s un-indicted co-conspirators listed in Smith’s federal election indictment. New details about Smith’s ongoing investigation indicate federal prosecutors are scrutinizing a series of voting breaches following the 2020 election that state investigators have been probing for more than a year. Network of operativesIn addition, special counsel prosecutors have also heard from other witnesses about efforts to breach voting equipment in other states.

Persons: Jack Smith, indicting Donald Trump, Smith, Joe Biden, Sidney Powell, Powell’s, Powell, Fani Willis, Willis ’, Smith’s, Donald Trump, Al Drago, Biden, ”, Hugo Chavez, Bernie Kerik, Kerik, Tim Parlatore, Parlatore, Mike Ryan, Bill Bachenberg, Ryan, Bachenberg, Rudy Giuliani, John Eastman –, Jocelyn Benson, Benson, Stefanie Lambert, Nalio Chery, “, ” Benson, Lambert, Trump Organizations: Washington CNN, Trump, CNN, Biden, Republican, Republican National Committee, Bloomberg, Getty, The Coalition, Good Governance, Systems, Network, FBI, Smith’s, Michigan Michigan, Reuters, Pennsylvania, American, Pennsylvania Senate Locations: Georgia, Pennsylvania, Michigan, Arizona, Atlanta, Coffee County , Georgia, Washington , DC, Republic, Coffee, Antrim County , Michigan, Coffee County, Detroit , Michigan, Dieu, Antrim County, Fulton County , Pennsylvania, Fulton County

Another has an ally in Congress vowing to support his legal defense. On Thursday, Trump’s legal team formally asked a judge to sever his case from his co-defendants who want a speedy trial, according to court filings. The prospect of a costly legal defense has prompted some defendants to find other ways to raise money. Paying the legal bills of his co-defendants in Georgia could help the former president keep them all unified as they fight the Fulton County charges. None of the defendants has pleaded guilty, but it is common for criminal defendants facing mounting legal bills to end their cases without the time-consuming costs of a trial.

Persons: Donald Trump’s, Trump, Walt Nauta, Carlos De Oliveira, Newsmax, ” Trump's, Will Lanzoni, ” Trump, haven’t, Trump’s, Eric, Don Jr, Jenna Ellis, John Eastman, Mike Pence, Donald Trump, Jae C, AP Eastman, Jeffrey Clark, Cathy Latham, grumbling, Ellis, “, ” Ellis, Matt Schlapp’s, ” Schlapp, Al Drago, Ron DeSantis, isn’t MAGA, Jenna, –, Sidney Powell, Kenneth Chesebro, Fani Willis, Giuliani, Rudy Giuliani, Erik S, Shutterstock, Andrew Giuliani, Brian Tevis, It’s, I’ll, ” Tevis, CNN’s Kaitlan Collins, Chip Roy, Mark Meadows, ”, ” Roy, Roy, Harrison Floyd, Floyd –, ” Floyd, Ricky Fitchett, ZUMA, Floyd, Todd Harding, he’s, De Oliveira Organizations: CNN, Trump, Save, Save America PAC, AP, Justice Department, Trump Republican, Republican National Committee, Bloomberg, Getty, Florida Gov, Inc, Shutterstock CNN, Giuliani Defense, Texas Republican, Trump White House, Zuma, America, PAC Locations: Georgia, Fulton, Atlanta , Georgia, Los Angeles, Georgia The Georgia, Fulton County, York, Bedminster , New Jersey, New Jersey, Bedminster, Texas, Philadelphia

☆ CNBC Daily Open: Jobs growth slowed down. Markets shot up
▼ + stars: | 2023-08-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets regain groundU.S. stocks rallied Wednesday on the back of weaker-than-expected economic data, giving the S&P 500 a four-day winning streak. But this could be an opportunity for investors to put their money into other Asian markets, analysts say.

Persons: Al Drago, downwardly, — Organizations: Bloomberg, Getty, CNBC, UBS, Swiss, Credit Suisse, ADP, Japan's Nikkei Locations: Ocean City , New Jersey, US, Swiss, U.S, Asia, Pacific, Shanghai, China

State law would still apply if the case is moved to federal court. The federal officer removal law protects people from state prosecution for carrying out official federal duties. It says that if a person were carrying out duties placed on them by federal law, they cannot be prosecuted for committing a state crime. Legal experts said Jones could allow the case to proceed in federal court and address immunity at a later hearing. If he determines immunity did not apply to the accused actions, the jury trial would take place in federal court, with the broader jury pool.

Persons: Mark Meadows, Al Drago, Donald Trump, Trump's, Meadows, firebrand Marjorie Taylor Greene, Joe Biden, —, Jeffrey Clark, Trump, Eric Segall, Fani Willis, Willis, Georgia's, Alvin Hellerstein, Steve Jones, Josh Blackman, Jones, Tom Hals, Noeleen Walder, Amy Stevens, Stephen Coates Organizations: White, REUTERS, Fulton County Superior Court, Trump, Department of Justice, Republican, Northern District of, Georgia State College of Law, Miami . Fulton, Prosecutors, U.S, U.S . Constitution, Circuit, Appeals, District, South Texas College of Law, Thomson Locations: Washington , U.S, Fulton County, Meadows, Shafer, Northern District, Northern District of Georgia, New York, Washington, Miami ., Miami . Fulton County, Georgia, United States, U.S ., Manhattan's, Atlanta, Wilmington , Delaware

☆ Recent updates for Amazon return to office policies
▼ + stars: | 2023-08-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

Previous pronouncements about the revolutionary benefits of remote work have been replaced by vague, data-light arguments on productivity gains from being in the office. Apple, Meta, Bloomberg and Google all have gleaming HQs that would look very silly if those companies continued to embrace remote work. Insider has asked Amazon for comment on its RTO policy several times in recent months and the company has responded. AdvertisementAdvertisementAn internal guideline, obtained by Insider, listed Amazon office locations and the dates they are expected to be fully "ready" to support the RTO mandate. That's what some Amazon employees have done by mocking the company's RTO policy and its famous leadership principles.

Persons: Brad Glasser, there's, we've, Amazon's, LINDSEY WASSON, Andy Jassy, Slack, Beth Galetti, Al Drago, Paul Vixie, Andy Jassy's, Mike Hopkins, Hopkins, Elaine Thompson, snafu, they'd Organizations: Amazon, Tech, Meta, Bloomberg, Google, Seattle, Reuters, Amazon SVP, Human, Services, Company, Amazon Video Locations: Seattle, Seattle , Washington , U.S, Beth Galetti REUTERS, Seattle , New York, Houston, Austin , Texas

☆ The US mall is making a comeback as retailers leverage digital marketing
▼ + stars: | 2023-08-20 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +9 min

The mall as a retail concept is alive and well, with retailers pivoting to fit the demands of a digital age. A shopper carries retail bags while walking through a shopping mall in Columbus, Ohio, U.S., on Friday, Dec. 10, 2021. A socially conscious generation acutely aware of climate change, Gen Z is also more likely to support brands prioritizing sustainability. That in-store experience is so critical.”People stroll through a shopping mall in Foxborough, Massachusetts, on May 18, 2023. “There has been a rise in ‘experience-focused’ tenants in shopping malls that offer experiences like go-karting, trampolining, virtual reality, and arcades,” said ICSC vice president Stephanie Cegielski.

Persons: Coresight, ”, Deborah Weinswig, Brandon Isner, CBRE’s, Kirsten Lee, ” It’s, ” Coresight, Tal Yellin, Isner, Luke Sharrett, Stephen Yalof, Warby Parker, Allbirds, Al Drago, Lee, Gen, Gen Zers, Erin Clark, it’s, Stephanie Cegielski, Covid, “ Organizations: New, New York CNN — Retail, Coresight Research, Retail Research, Brookfield Properties, “, Simon Property Group, Taubman Centers “, Tanger Outlets, CNN, Bloomberg, Getty, Tanger, Washington , D.C, International Council of Shopping Centers, “ Social, Boston Globe Locations: New York, Americas, Brookfield, Nashville , Tennessee, Chelsea , New York, Columbus , Ohio, U.S, Georgetown, Washington ,, ’, Foxborough , Massachusetts

☆ Meadows seeks dismissal of Georgia charges against him
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. REUTERS/Al Drago/File Picture Acquire Licensing RightsWASHINGTON, Aug 20 (Reuters) - Former White House Chief of Staff Mark Meadows is asking a federal court to dismiss Georgia state criminal charges against him stemming from former President Donald Trump's efforts to overturn the 2020 U.S. presidential election, according to a court document. Meadows claims that his alleged actions, including participating with Trump in a phone call to Georgia Secretary of State Brad Raffensperger, should be immune from state prosecution because they were performed in his capacity as a federal official. "The conduct charged here falls squarely within the scope of Mr. Meadows's duties as chief of staff and the federal policy underlying that role," Meadows' attorneys said in the filing. The document also claimed protection for Meadows under the First and 14th amendments to the Constitution.

Persons: Mark Meadows, Al Drago, Donald Trump's, Meadows, Brad Raffensperger, Trump's, Joe Biden, Trump, Fulton, Raffensperger, David Morgan, Mary Milliken, Mark Porter Organizations: White, REUTERS, Rights, White House, Trump, Georgia, Constitution, Democratic, Thomson Locations: Washington , U.S, Georgia, U.S, Meadows, North Carolina, Georgia's Fulton County, Trump

☆ These are the five stocks Jim Cramer would buy today – and why
▼ + stars: | 2023-08-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

There are five stocks I would buy right now if I were just joining the Club, or had come into some new money. And Dupont has a ton of cash to buy back stock while it happens. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jerome Powell, Powell, Ed Breen, Dupont, Danaher, Eli Lilly, Vimal Kapur, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Club, DuPont de Nemours, GE HealthCare, Honeywell, Boeing, General Electric, GE, Airbus, SWK, CNBC, US Federal Reserve, Market, Bloomberg, Getty Locations: GEHC, Washington , DC

☆ Meadows seeks to move Fulton County election case to federal court
▼ + stars: | 2023-08-15 | by ( Us Appeals Judge Faults Probe Of Federal Circuit'S Pauline Newman | Andrew Goudsward | Law Firm Clifford Chance Posts Increased Revenue | ) www.reuters.com time to read: 1 min

White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. REUTERS/Al Drago/File Picture Acquire Licensing RightsWASHINGTON, Aug 15 (Reuters) - Former White House Chief of Staff Mark Meadows filed notice on Tuesday seeking to move a case brought against him by the district attorney in Georgia's Fulton County to federal court, according to a court document. Meadows, who served in the Trump administration, was among those charged with former U.S. President Donald Trump for trying to overturn his 2020 election defeat to Democrat Joe Biden. Reporting by Jasper Ward; Editing by Caitlin WebberOur Standards: The Thomson Reuters Trust Principles.

Persons: Mark Meadows, Al Drago, Meadows, Trump, Donald Trump, Democrat Joe Biden, Jasper Ward, Caitlin Webber Organizations: White, REUTERS, Rights, White House, U.S, Democrat, Thomson Locations: Washington , U.S, Georgia's Fulton County

☆ The Fed may be about to crash the plane, but the focus should be on profits
▼ + stars: | 2023-07-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

No matter what the Fed seems to do, it's become a game of whack-a-mole — whether it be wages, home prices, creeping commodities, or Fed subsidies that are about to roar in. The idea that the Fed is driving the price of a house to further unaffordability has taken hold. The yield curve can't be wrong, so it remains a matter of time before Fed Chair Jerome Powell crashes the plane — and let's not forget that lurking, lurking election. And the multiple on those profits is going up not because of hideous expansion, but because of a triumph over the pandemic. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: it's, Jerome Powell, let's, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Federal Reserve, Procter, Gamble, Treasury, Jim Cramer's Charitable, CNBC, US Federal Reserve, Market, Bloomberg, Getty Locations: Weimar Republic, Washington , DC

☆ CNBC Daily Open: Powell’s conference had something for bulls and bears
▼ + stars: | 2023-07-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Al Drago | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, Chair Jerome Powell left the door open to a subsequent rate hike, saying the central bank will make decisions "meeting by meeting." At his post-meeting press conference, Chair Jerome Powell, in other words, deftly negotiated expectations from market bulls and bears, and somehow managed to reaffirm the case of both camps. The "hawkish" part will please the bears, while the "hold" portion will appeal to the bulls.

Persons: Jerome Powell, Al Drago, Hong, Mukesh Ambani, Dow, that's, —, Powell, Frances Donald, CNBC's Fred Imbert, that'd Organizations: US Federal Reserve, Market, Bloomberg, Getty, CNBC, Federal, Dow Jones, Samsung Electronics, Wall, Revenue, Reality Labs, BlackRock, India BlackRock, Jio Financial Services, CNBC Pro, Manulife Investment Management, Nasdaq, Dow Locations: Washington , DC, Asia, Pacific, Indian

☆ Live updates: Trump sent target letter in January 6 probe
▼ + stars: | 2023-07-18 | by ( Shawna Mizelle | ) edition.cnn.com time to read: +3 min

The witnesses, several of whom appeared under subpoena, range from low-level aides to Trump’s own vice president. Both Pence and Trump asked for the subpoena to be thrown out, but trial and appellate judges rejected that request. Mark Meadows: Mark Meadows, Trump’s former chief of staff, appeared before the grand jury in June. As chief of staff, Meadows was in the middle of Trump’s efforts to overturn the election in the two months between Election Day and Joe Biden’s inauguration. Marc Short: Marc Short, former chief of staff to Pence, testified to the grand jury about the fake elector scheme and the role of Trump lawyers John Eastman and Rudy Giuliani.

Persons: Dan Scavino, Donald Trump, Al Drago, Jack Smith, Here’s who’s, Mike Pence, Pence, Trump’s, Trump, Mark Meadows, Meadows, Joe Biden’s, Biden’s, Marc Short, John Eastman, Rudy Giuliani, Greg Jacob, Jacob Organizations: White House, Team Trump Volunteer Leadership, Bloomberg, Getty, Capitol, Trump Locations: Grimes , Iowa, Washington ,

President Biden’s son, Hunter Biden, has agreed to plead guilty to charges that he willfully failed to pay federal income taxes. Photo: Al Drago/Bloomberg NewsHouse Republicans are conducting a series of probes that could lead to the impeachment of President Biden and administration officials. Democrats deride the investigations as politically motivated and baseless. Here are answers to some of the most common questions about what is going on, and what might happen next.

Persons: Biden’s, Hunter Biden, Al Drago, Biden Organizations: Bloomberg News House Republicans, Democrats

☆ Supreme Court decision on student loan forgiveness expected Friday
▼ + stars: | 2023-06-29 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Visitors with signs regarding student loan payments outside of the US Supreme Court in Washington, DC, US, on Tuesday, June 27, 2023. Al Drago | Bloomberg | Getty ImagesWhat's at stake in loan forgiveness decisionThe justices' ruling will determine whether the Biden administration can move forward with its plan to wipe out more than a quarter of the country's $1.7 trillion in outstanding federal student debt. Roughly 14 million people would have their student debt entirely cleared by the program, according to an estimate by higher education expert Mark Kantrowitz. Justices consider executive authority to cancel debtIn the cases, the justices examined whether Biden has the power to forgive so much student debt without authorization from Congress. The country was operating under an emergency declaration due to Covid-19 when the president rolled out his forgiveness plan.

Persons: Al Drago, Biden, Mark Kantrowitz, Grant, overreach Organizations: US, Bloomberg, Getty, Republican, Supreme, GOP, South Carolina —, Job, Network Foundation Locations: Washington , DC, — Arkansas, Iowa , Kansas , Missouri , Nebraska, South Carolina

☆ Some House Republicans Want to Fast-Track Biden Impeachment Push
▼ + stars: | 2023-06-26 | by ( Siobhan Hughes | ) www.wsj.com time to read: 1 min

President Biden’s son, Hunter Biden, has agreed to plead guilty to charges that he wilfully failed to pay federal income taxes. Photo: Al Drago/Bloomberg NewsWASHINGTON—House Republicans, who launched multiple investigations into President Biden soon after taking control this year, are under pressure from their hard-right flank to move to impeachment proceedings even before their probes are final, testing how far the party wants to go in using the once-rare tool.

Persons: Biden’s, Hunter Biden, wilfully, Al Drago, Biden Organizations: Bloomberg News WASHINGTON — House Republicans

President Biden’s son, Hunter Biden, has agreed to plead guilty to charges that he willfully failed to pay federal income taxes. Photo: Al Drago/Bloomberg NewsThe Justice Department said Tuesday that Hunter Biden would plead guilty to two misdemeanor tax offenses and enter a diversion program that would allow him to avoid a felony firearms conviction if he meets certain conditions. If he successfully completes the program, he would serve no jail time for the firearms charge. A judge will determine his sentence on the tax charges. Tax prosecutions for misdemeanor charges, without other charges, rarely lead to prison time.

Persons: Biden’s, Hunter Biden, Al Drago Organizations: Bloomberg, Justice Department

☆ One of our recent top-performers is not in tech. Here's how the stock has been creeping higher
▼ + stars: | 2023-06-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

It's Ford (F), whose stock has jumped 15% since its $12-per-share close on May 8. F 1M mountain Ford Motor's stock performance over the past month. When granted access, current electric vehicles from Ford and GM will have to use an adapter at Tesla's charging stations. "They have to adopt at this point," suggesting they'll also likely have to rely on a Tesla partnership. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: It's Ford, Tesla, Wall, Ford, Gene Munster, Munster, they'll, we've, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Nasdaq, Ford, General Motors, GM, EV, Deepwater Asset Management, CNBC, Tesla, Wall Street, Management, Ford Motor Co, Washington Auto, Washington , D.C, Bloomberg, Getty Locations: —, Washington ,

Sen. Bob Menendez (D., N.J.) chairs the Senate Foreign Relations Committee. Photo: Al Drago/Bloomberg NewsSen. Bob Menendez hosted a 2018 meeting in his Washington, D.C., office with a New Jersey businessman who is a focus of a federal public-corruption probe of the Democratic lawmaker that has broadened in recent weeks, according to people familiar with the matter. The meeting, which hasn’t been previously reported, came months before the businessman, Wael Hana , secured a contract with Egyptian officials for certifying halal meat exports. The contract is a key part of the probe examining whether Menendez, who chairs the Senate Foreign Relations Committee, or his wife received gifts in exchange for political favors.

Persons: Sen, Bob Menendez, Al Drago, Bloomberg News Sen, hasn’t, Wael Hana, Menendez Organizations: Foreign Relations, Bloomberg News, D.C, Democratic Locations: N.J, Washington, New Jersey

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