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☆ China gears up for next week's Third Plenum meeting. Here's why real estate isn't likely the main focus
▼ + stars: | 2024-07-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

Bloomberg | Bloomberg | Getty ImagesBEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing. "For real estate markets, I don't think it should be a focus of the plenum, because it's already [in a] state that everyone has a consensus [on]," Wang said. watch nowIn his view, excessive growth of the financial sector was behind the hollowing out of the U.S. industrial sector. "Consequently we must constrain the financial industry, including real estate. That's the underlying reason for tightened regulations on both real estate and finance."

Persons: Larry Hu, Hu, Xi Jinping, Deng Xiaoping's, Dan Wang, She'll, it's, Wang, hasn't, Yao Yang, Yao, Goldman Sachs Organizations: Chinese Communist Party, Bloomberg, Getty, BEIJING, Communist Party of, Macquarie, CNBC, Central Committee, Communist Party, Party, President, Hang Seng Bank, HSBC, HSBC It's, Committee, China Center for Economic Research, Peking University, U.S, China Morning Post, Financial Regulatory Administration, World Bank, Big Data Locations: Communist Party of China, Beijing, China, United States, Big Data China

☆ Chinese government bonds are on fire. That’s ringing alarms bells in Beijing
▼ + stars: | 2024-07-03 | by ( Laura He | ) edition.cnn.com time to read: +7 min

“What worries policymakers is the interest rate risk, which will rise once the dominant narrative shifts from deflation to reflation,” Hu from Macquarie said. If that happens, bond yields will rise as investors switch back into riskier stocks. The country’s “4,000 or so small and medium-sized banks” will be particularly vulnerable to the interest rate risk, he added. “The bubble formed by the rush of funds into the bond market is accumulating interest rate risks,” the Securities Times said in an editorial. Economic risksThe rapid decline in Chinese bond yields also poses significant risks to the economy.

Persons: “, ”, Pan Gongsheng, SVB, Larry Hu, ” Hu, Macquarie, Hu, Zhang Jiqiang, Ken Cheung Organizations: Hong Kong CNN, Silicon Valley Bank, People’s Bank of China, prudential, “, Federal Reserve, Macquarie Group, Zheshang Securities, Securities Times, Japan’s Norinchukin Bank, Huatai Securities, Mizuho Securities Locations: Hong Kong, Silicon, United States, Shanghai, China, Beijing, SVB, outflows

☆ Jude Law and Alicia Vikander Talk Smells, Sex Scenes in 'Firebrand'
▼ + stars: | 2024-06-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +14 min

AdvertisementIn a joint interview, the two discuss what it was like making "Firebrand," from working with Law's decaying-body perfume to the movie's unexpectedly "hilarious" sex scenes. Jude Law and Alicia Vikander in "Firebrand." Jude: I use it quite a lot because, as Alicia said, it's a really good way of... You've got to step into these characters every day. There are a lot of frankly kind of gross sex scenes that really drive home just the unbalanced, fraught nature of Henry and Katherine's relationship. Jude Law and Alicia Vikander in "Firebrand."

Persons: Jude Law, Count Alexei Alexandrovich Karenin, Joe Wright's, Anna Karenina, Alicia Vikander, —, Oscar, Kitty, Karim Aïnouz's, King Henry VIII's, Katherine Parr, Parr, Anne Boleyn, she's, Karim, Law, Katherine, Larry Horricks Jude, Alicia, Jude, I'd, Joe Wright, it's, You've, Henry, that's, Larry Horricks, I've, would've, there's, Everyone's, Vikander, Ripley, Irma Vep, you'll, Raff, Monica Schipper, John Nacion, WireImage Jude, Glen Powell, It's Organizations: Business, Law, Netflix Locations: South Africa

☆ The 4 different ways Republicans are reacting to the Hunter Biden verdict
▼ + stars: | 2024-06-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Today’s verdict for Hunter Biden is only the beginning in @HouseGOP's pursuit for accountability. Related storiesSome Republicans are also pointing out that Hunter Biden initially had a plea deal with the federal government, only for it to fall apart. "This is all about protecting Joe Biden and only Joe Biden," Miller wrote. This is all about protecting Joe Biden and only Joe Biden. It is people like Hunter Biden who lie on background checks that give law-abiding, Second Amendment-loving gun owners a bad name.

Persons: —, Hunter Biden, Donald Trump, Joe Biden, that's, Biden, Karoline Leavitt, — Daniel Webster, — Eric Schmitt, Marjorie Taylor Greene, Joe Biden’s, Marjorie Taylor Greene 🇺🇸 (, U Organizations: Service, Business, Trump, Republicans, Biden Locations: New York, United States, Marjorie Taylor Greene of Georgia

☆ DNC is infusing $2 million into state parties in push to win key down-ballot races and boost voter registration efforts
▼ + stars: | 2024-06-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewThe Democratic National Committee is spending nearly $2 million in additional targeted state investments to boost down-ballot candidates and fund critical voter registration efforts ahead of November. In South Dakota, national Democrats are investing $70,000 in a critical voter registration program to boost turnout among Native Americans. The DNC is also investing additional money for state parties in Colorado, Kansas, Maryland, Minnesota, Nebraska, New Mexico, Texas, Utah, and Washington State. AdvertisementSome of the key down-ballot races the national party will target with the funding are the Maryland Senate contest between Democrat Angela Alsobrooks and former GOP Gov. In Texas, the national party will spend an additional $45,000 on organizing efforts to boost voter registration before the fall.

Persons: —, Joe Biden, Jaime Harrison, Donald Trump, Harrison, Angela Alsobrooks, Larry Hogan, Gabe Vasquez, Yvette Herrell, Colin Allred's, Ted Cruz, The Trump Organizations: Service, Democratic National Committee, Business, Republicans, DNC, Indiana Democrats, Washington State, Maryland Senate, GOP Gov, New, Congressional, Democratic, GOP, Republican National Committee, RNC Locations: Indiana, South Dakota, Colorado , Kansas , Maryland, Minnesota , Nebraska, New Mexico , Texas , Utah, Maryland, New Mexico, In Texas, Texas, Manhattan, Montana and Ohio

☆ Biden makes his play for anti-Trump Republicans he hopes can give him a second term
▼ + stars: | 2024-06-06 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +17 min

Washington CNN —Donald Trump hasn’t shown much interest in reaching out to Republicans who hate him. Or, he argued, “they’re likely to stay home.”Hutchinson told CNN he won’t stay home himself, but he won’t vote for Biden or Trump. “This swath of Republican strategist types are literally begging the Biden campaign to give them a reason to support him,” a former House Republican leadership aide told CNN. “You can hold your nose and vote for Biden and not be in public screaming about it. But Purcell has also not yet heard from the Biden campaign this time.

Persons: Washington CNN — Donald Trump hasn’t, Joe Biden, Adam Kinzinger’s, Austin Weatherford, Nikki Haley, Haley, Biden, Anita Dunn, Cassidy Hutchinson, Anthony Scaramucci, Liz Cheney, John Kasich, Trump, Cindy McCain, shouldn’t, –, ”, Jen O’Malley Dillon, they’ve, mattering, Denver Riggleman, Kinzinger, Paul Ryan, Chris Christie, Mike Pence, Mark Cuban, doesn’t, he’s, Joe, “, Larry Hogan, I’m, ’ ” Hogan, ” Hogan, they’re, Carolina Sen, Lindsey Graham, it’s Biden, Asa Hutchinson, Daisy Bates, Hutchinson, “ You’ve, you’re, ” Hutchinson, “ they’re, won’t, Indiana Sen, Todd Young –, Biden –, ” Young, Young, Christine Todd Whitman, George W, Bush, ” Whitman, Whitman, Joe Walsh, don’t, MAGA, Claudine Schneider, Schneider, Geoff Duncan, Donald Trump, ’ ” Duncan, ” Duncan, “ ‘ Will, Biden George H.W, Hillary Clinton, “ he’s, He’s, Howard Stern, “ Where’s Jeb Bush, Where’s George Bush, ’ ” Biden, Jeb Bush, Hogan, Kristopher Purcell, Purcell Organizations: Washington CNN, Republican, White, Trump, Democratic, Ohio Gov, CNN, Republicans, Trump Republican, Virginia Rep, Denver, Trump Republicans, Former New Jersey Gov, Tech, Biden, Senate, South, Capitol, New, Environmental Protection Agency, Independents, Illinois, Republican Party, MAGA Republicans, Congress, Trump ., Bush Republicans, Maryland Senate Locations: Biden’s, Wilmington, Israel, Ukraine, Former, Dallas, Maryland, Baltimore, York, South Carolina, Carolina, Arkansas, New Jersey, Trump, Rhode Island, Georgia

☆ Election Updates: Trump again suggests prosecuting his political opponents.
▼ + stars: | 2024-06-05 | by ( Maggie Astor | ) www.nytimes.com time to read: +5 min

Lara Trump, the Republican National Committee co-chair and Mr. Trump’s daughter-in-law, strongly denounced him on CNN. Mr. Hogan has also said he would not be going to the Republican National Convention in Milwaukee next month, where Mr. Trump will officially receive the nomination. Mr. Hogan remains personally popular in Maryland, something Mr. Trump is not. “We don’t want to alienate Trump voters,” Mr. Hogan told The Associated Press in April. “But Larry Hogan is running for Senate in Maryland, not Mississippi,” a nod to the needle Mr. Hogan must thread.

Persons: Donald J, Larry Hogan’s, Hogan, Trump, “, ”, Chis LaCivita, Lara Trump, Trump’s, Hogan’s, Michael Whatley, Larry Hogan, Biden, Republicans —, —, Ben Cardin, ” Mr, Mr, Whatley didn’t, Steve Daines, Angela Alsobrooks, George Santos, Lou Dobbs, Chaya Raichik, aren’t, John Cornyn, Lindsay Reilly Organizations: Senate, Democratic, Mr, Trump, Republican, Republican National Committee, CNN, Republican Party, Trump Republican, Republican National Convention, Washington , D.C, Republicans, Democrat, Associated Press, Biden voters, Maryland, National Republican Senatorial Committee, Republican leadership’s, Fund, Hogan’s Democratic, Prince, Maryland Democrats, Maryland Democratic Party Locations: Maryland, Manhattan, America, Milwaukee, Washington ,, Montana, Mississippi, Prince George’s County, Washington, Texas

☆ Larry Hogan Incurs Trump’s Wrath After Telling Americans to ‘Respect the Verdict’
▼ + stars: | 2024-06-05 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

With former President Donald J. Trump’s organization in full attack mode, former Gov. Larry Hogan’s path to the Senate in Maryland is getting considerably narrower. Mr. Hogan, a popular Republican in a strongly Democratic state and prized Senate recruit, has never tried to hide his disdain for Mr. Trump, the former president and presumptive nominee. “You just ended your campaign,” announced Chis LaCivita, a veteran Republican operative who serves as a senior campaign adviser to Mr. Trump and as an official at the Republican National Committee. Lara Trump, the Republican National Committee co-chair and Mr. Trump’s daughter-in-law, strongly denounced him on CNN.

Persons: Donald J, Larry Hogan’s, Hogan, Trump, “, ”, Chis LaCivita, Lara Trump, Trump’s Organizations: Senate, Democratic, Mr, Trump, Republican, Republican National Committee, CNN Locations: Maryland, Manhattan

☆ RNC co-chair Lara Trump slams Maryland GOP Senate candidate Larry Hogan for urging Americans to ‘respect’ hush money verdict
▼ + stars: | 2024-06-02 | by ( Aaron Pellish | ) edition.cnn.com time to read: +2 min

CNN —Republican National Committee co-chair Lara Trump said Sunday that Maryland Republican Senate candidate Larry Hogan “doesn’t deserve the respect” of any Republican after he urged Americans to respect the verdict in Donald Trump’s hush money trial before it was delivered. I think it’s ridiculous,” Lara Trump, who is also the former president’s daughter-in-law, said. Asked Sunday whether the RNC would withhold money from Hogan’s campaign, Lara Trump declined to answer directly but again called Hogan’s statement “ridiculous.”“I’ll get back to you on all the specifics monetarily. Lara Trump added Sunday that “the American people have really spoken up” after the hush money conviction. It has gone way too far,” Lara Trump added.

Persons: Lara Trump, Larry Hogan “ doesn’t, Donald Trump’s, CNN’s Kasie, ” Lara Trump, “, Hogan, Donald Trump, ” Hogan, “ I’ll, ”, George H.W, Bush Organizations: CNN — Republican National Committee, Maryland Republican, Union, Republican Party, Trump, Republicans, Democratic, Democratic Party, Republican, Old, RNC Locations: “ State, Maryland, America, Manhattan, State

☆ Trump and his allies braced for a guilty verdict. Then the bombshell arrived
▼ + stars: | 2024-06-01 | by ( Steve Contorno | ) edition.cnn.com time to read: +7 min

CNN —The next time former President Donald Trump holds a campaign rally will be his first as a convicted felon. The 34-count guilty verdict reached Thursday by a Manhattan jury – the first criminal conviction of a former president – landed like a bomb on the American political landscape. Trump’s campaign had long braced for this outcome, readying their candidate and his supporters for an unfavorable conclusion by casting the case as a political spectacle. But now that a verdict has arrived, uncertainty lurks behind every decision. Trump and his lawyer, Todd Blanche, have indicated they will appeal, a process that could outlast the campaign itself.

Persons: Donald Trump, –, Joe Biden, Trump, Juan Merchan, Michael Cohen, ” Trump, Biden, Todd Blanche, Merchan, Ron DeSantis, Nikki Haley, ”, Jim Jordan, Attorney Alvin Bragg, Matthew Colangelo, Marco Rubio, JD Vance, Ohio –, Vance, “, subpoenaing Merchan, ” Vance, Larry Hogan, Chris LaCivita, ” LaCivita, ” CNN’s Kristen Holmes Organizations: CNN, Trump Tower, Trump, Republican, White, Florida Gov, South Carolina Gov, Libertarian, Ohio, Attorney, Fox News, Democratic, Republican Senate, College Republicans, Committee Locations: Manhattan, York, Bedminster , New Jersey, Coast, California, Nevada, Milwaukee, New York, Trump’s, Georgia, Throughout Washington, Marco Rubio of Florida, Maryland

☆ Analysis: Trump conviction heralds a somber and volatile moment in American history
▼ + stars: | 2024-05-31 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

“Today’s verdict does not change the fact that the American people face a simple reality,” said campaign communications director Michael Tyler. Convicted felon or not, Trump will be the Republican nominee for president,” Tyler said. Supporters hold placards and flags following the announcement of the verdict in Trump's criminal trial. Or, the guilty verdict could play into Biden’s campaign theme that his predecessor is too corrupt and extreme to serve as president again. In another age, a guilty verdict would have immediately ended Trump’s campaign.

Persons: Donald Trump’s, ” Trump, foreperson, Trump, “, Joe Biden’s, ”, Michael Tyler, Donald Trump, ” Tyler, he’s, he’ll, he’d, jubilation, He’s, Biden, Andrew Kelly, ignominy, Timothy Naftali, ” Naftali, Stormy Daniels, —, Attorney Alvin Bragg, Prosecutors, Michael Cohen, Todd Blanche, CNN’s Kaitlan Collins, Eric Trump, Justin Lane, Elise Stefanik, Joe Biden, ” Stefanik, Mike Johnson, South Carolina Sen, Lindsey Graham, ” Graham, Larry Hogan, who’s, ” Hogan, Chris LaCivita, hasn’t Organizations: CNN, Trump Tower, Republican, Republican National Convention, Reuters, Trump, Manhattan, Attorney, Manhattan Criminal, New York, GOP, ”, Louisiana Republican, Senate, “ Locations: United States, New York, York, America, South Carolina

☆ Summer movie preview 2024: Sequels, some superheroes and more sequels are upon us
▼ + stars: | 2024-05-24 | by ( Dan Heching | ) edition.cnn.com time to read: +19 min

‘Summer Camp’ (May 31)Kathy Bates, Diane Keaton and Alfre Woodard in "Summer Camp." The movie, costarring Vanessa Hudgens, follows 2020’s “Bad Boys for Life” (it seems that title’s promise didn’t quite stick). The film looks dutifully creepy, and stars the talented Dakota Fanning (“Ripley”) as an artist who finds herself in a strange forest in Ireland. ‘Cuckoo’ (August 2)Hunter Schafer in “Cuckoo.” NEONStarring “Euphoria’s” Hunter Schafer in her first lead film role, this horror film looks positively creepy and a bit, well, cuckoo. ‘Blink Twice’ (August 23)A scene from “Blink Twice.” MGMJam packed with a starry cast, “Blink Twice” looks like a perfect late summer movie – attractive people, elaborate action sequences, and mindless mayhem.

Persons: Tom Burke, Anya Taylor, Joy, “, Max, ” Jasin Boland, Warner Bros . Pictures George Miller’s, Mad Max, Max Saga ”, Charlize Theron, ’, Furiosa, Chris Hemsworth, ‘, Garfield, Chris Pratt, Mario, “ Garfield, ”, Pratt, Samuel L, Jackson, Ving Rhames, Nicholas Hoult, Ted Lasso’s ” Hannah Waddingham, Brett Goldstein, Cecily Strong, Bowen Yang, ‘ Ezra ’, Robert DeNiro, Boby Cannavale, William A, Fitzgerald, “ Ezra, ” Wayferer, Robert De Niro, Bobby Cannavale, Rose Byrne, Whoopi Goldberg, Vera Farmiga, Tony Goldwyn, Ezra, Lokiz, Kathy Bates, Diane Keaton, Alfre Woodard, Quantrell Colbert, Eugene Levy, ” Keaton, Martin Lawrence, Will Smith, Frank Masi, Sony Pictures Will Smith, costarring Vanessa Hudgens, Georgina Campbell, Dakota Fanning, “ Ripley, Franka Potente, Tom Tykwer, “ Lola ”, –, Marks, Lola, Pixar’s Oscar, Riley, Amy Poehler, Maya Hawke, Stephen Fry, Lena Dunham, “ Wilde, Hong Chau, Jesse Plemons, Atsushi Nishijima, Oscar, Emma Stone, Yorgos Lanthimos, ” costarring Willem Dafoe, Margaret Qualley, Joe Alwyn, Mamoudou, Hunter Schafer, Jodie Comer, Austin Butler, Kyle Kaplan, Elvis, Butler, Costarring Tom Hardy, ‘ Thelma ’, Squibb, Fred Hechinger, Thelma, “ Thelma ”, Lupita, Gareth Gatrell, John Krasinski’s, Lupita Nyong’o, Joseph Quinn, Hounsou, Jamie Campbell Bower, Kevin Costner, Richard Foreman, Warner, ” Kevin Costner, Steve Carell’s, Well Ferrell, Mia Goth, Halsey, ” Justin Lubin, MaXXXine ”, Pearl ”, Elizabeth Debicki, Michelle Monaghan, Lily Collins, Giancarlo Esposito, Kevin Bacon, Scarlett Johansson, Channing Tatum, Dan McFadden, maven, Woody Harrelson costars, Longlegs ’, Maika Monroe, Nicolas Cage, Daisy Edgar, Jones, Anthony Ramos, Glen Powell, Melinda Sue Gordon, Bill Paxton, Helen Hunt, ‘ Deadpool, Ryan Reynolds, Hugh Jackman, Wolverine, Logan, Deadpool, Dìdi ’, Izaac Wang, “ Didi, ‘ Harold, Rel Howery, Benjamin Bottani, Zachary Levi, Harold, Hopper Stone, Crockett Johnson, “ Harold ”, “ Euphoria’s ” Hunter Schafer, Schafer, Dan Stevens, David “, ” Giraudy, Sean San José, Colman Domingo, “ Rustin, ” Colman Domingo, Domingo, ‘ Kneecap ’, ” Curzon, that’s, Michael Fassbender, Josh Hartnett, Ariel Donoghue, Sabrina Lantos, hasn’t, Taylor Swift, Justin Baldoni, Blake Lively, Nicole Rivelli, Colleen Hoover, Costarring Justin Baldoni, Jenny Slate, Hasan Minhaj, Cate Blanchett, Ariana Greenblatt, Kevin Hart, Florian Munteanu, Jamie Lee Curtis, they’re, “ Barbie, Romulus ’, David Jonsson, Andy, Romulus, Fede Alvarez, Priscilla ”, Spaeny –, Sigourney Weaver, Elliot Page, ” Elliot Page, Sam, Costarring Hillary Baack, Wendy Crewson, Channing Tatum’s, Naomi Ackie, Alia Shawkat, Kyle MacLachlan, Christian Slater, Haley Joel Osment, Geena Davis, Zoë Kravitz, Bill Skarsgard, Larry Horricks, Brandon Lee, James O’Barr, soulmate Shelly, Casey Affleck, Laurence Fishburne, Bleecker, Bleecker Street Laurence Fishburne, Saturn, ‘ Reagan ’, Dennis Quaid, Reagan, Rawhide Pictures Dennis Quaid, Ronald Reagan, Penelope Ann Miller, Nancy Reagan Organizations: CNN, Labor, Warner Bros . Pictures, Fury, Garfield, Mario Bros, Academy, ”, Sony Pictures, Warner Bros, Apple, Pixar, Searchlight, Magnolia Pictures, Squibb, “ Nebraska, Paramount Pictures, “, Sony, FBI, Lambs, Universal Pictures, Marvel, Century Fox, Disney, Columbia, Sundance, Warner Bros ., Lionsgate, Galaxy, Oscar, MGM, Bleecker Street, Rawhide Pictures Locations: Hollywood, New York City, Ireland, Berlin, “, Poland, Hong, 60s Chicago, “ MaXXXine, “ Longlegs, New York State, ‘, United States

☆ Abortion politics have changed so drastically that a GOP Senate candidate is airing an ad saying he would vote to codify Roe into law
▼ + stars: | 2024-05-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

President Joe Biden and Democrats have tried unsuccessfully to restore nationwide abortion rights since the Supreme Court issued its landmark reversal of Roe in 2022. AdvertisementHogan's position makes him one of the few prominent Republicans to support abortion rights. When he first announced his Senate run, Hogan initially said he needed to think more about his position on abortion rights. Democrats have already placed abortion rights on the Florida ballot this November. No Republican Senate is going to make a serious effort to codify Roe, given the party's near-universal support to restrict abortion rights.

Persons: —, Larry Hogan, Roe, Hogan, Wade, he's, Joe Biden, Angela Alsbrooks, Alsobrooks, David Trone, Susan Collins of, Lisa Murkowski, codifying Roe, Donald Trump, Mitch McConnell, Court's Dodds, hasn't, it's, Trump Organizations: Service, Maryland Gov, GOP, Democrats, Business, Prince, Wine, Republicans, Press, Senate, Biden, Republican Senate Locations: Prince George's County, Susan Collins of Maine, Alaska, Maryland, Florida, Arizona

☆ Analysis: Why Republicans are likely to win the Senate this year
▼ + stars: | 2024-05-18 | by ( Harry Enten | ) edition.cnn.com time to read: +6 min

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 –

☆ Housing market: China unveils sweeping measures to rescue its crisis-hit property sector
▼ + stars: | 2024-05-17 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. In a coordinated move, the People’s China of China (PBOC) announced that it will set up a nationwide program to provide 300 billion yuan ($41.5 billion) in loans to fund state purchases of unsold homes. The 300 billion yuan provided by the central bank could eventually underpin 500 billion yuan ($69 billion) worth of credit to support such purchases, she estimated. Expectations that Beijing was preparing a plan to have local governments across the country buy millions of unsold homes have successfully buoyed China stocks. On Friday, He also urged local governments to buy back or directly purchase land that has been sold to developers but not yet used.

Persons: Lifeng, Tao Ling, Larry Hu, ”, Société Générale Organizations: Hong Kong CNN, Communist, China Real Estate Business, Macquarie Group, Reuters, provident Locations: China, Hong Kong, Beijing

☆ China pledges $42 billion in a slew of measures to support the struggling property sector
▼ + stars: | 2024-05-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

China announced "historic" steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. These and other measures announced Friday marked Beijing's latest efforts to address issues in the massive real estate sector. The real estate companies can then use funds earned from those sales to complete construction on other apartments, the central bank said. Pre-sold, unfinished homesFor years, many apartments in China tended to be sold before construction was finished. Nomura estimated last year there were around 20 million such pre-sold, unfinished apartments in China.

Persons: Zhu Ning, Tao Ling, Xiao Yuanqi, Larry Hu, Dong Jianguo, Lifeng, Zhu, Nomura Organizations: China, Nurphoto, Getty, Tsinghua University, People's Bank of China, National Financial Regulatory, Macquarie, CNBC, of Housing, Housing, Future Publishing Locations: BEIJING, Wanxiang City, Huai'an City, East China's Jiangsu, China

☆ Here's how critiquing Elon Musk's pay package cost Charles Elson his consulting gig
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how critiquing Elon Musk's pay package cost Charles Elson his consulting gigCharles Elson, founding director of the Weinberg Center at the University of Delaware, and Larry Hamermesh, Professor Emeritus at Widener University, join ‘Squawk Box’ to discuss Tesla as the company's shareholders prepare to vote on reinstating Elon Musk’s $46 billion pay package.

Persons: Elon, Charles Elson, Larry Hamermesh, Tesla Organizations: Weinberg, University of Delaware, Widener University, Elon Musk’s

☆ Seeking History in Maryland, and Zombie Campaigns Linger: Primary Takeaways
▼ + stars: | 2024-05-15 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

And what about those zombie campaigns in both parties’ presidential races? Nikki Haley had a pretty good night for a candidate who long ago dropped her campaign for the Republican presidential nomination. Here are four takeaways:In Maryland, a potential history maker beats the money. In a showdown between money and history, history won. Democrats initially were happy to have Mr. Trone as their nominee, knowing they wouldn’t have to spend a dime for him in the general election.

Persons: Nikki Haley, David Trone, Angela Alsobrooks, Ben Cardin, Larry Hogan, Trone Organizations: Republican, Democratic, Maryland Locations: Maryland, West Virginia, Nebraska

☆ One of the wealthiest members of Congress spent over $60 million just to lose Maryland's messy Democratic Senate primary
▼ + stars: | 2024-05-15 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewRep. David Trone, one of the wealthiest members of Congress, spent over $60 million of his own fortune to try to win a Democratic Senate primary. With nearly 40% of all votes in, Prince George's County Executive Angela Alsobrooks is projected to have defeated Trone in Maryland's Democratic US Senate primary, according to Decision Desk HQ. Schumer can't afford to lose the Senate seat if he wants to keep the party's slim majority in the chamber. Related storiesAnd Alsobrooks — who was endorsed by Maryland Democratic heavy hitters including Gov. Republicans see Montana and Ohio as their top Democratic Senate targets this year, while also looking to compete in Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin.

Persons: —, David Trone, Angela Alsobrooks, Trone, Alsobrooks, Larry Hogan, Hogan, Chuck Schumer, Schumer, Alsobrooks —, Wes Moore, Sen, Chris Van Hollen, Steny Hoyer —, Maryland doesn't, West Virginia Sen, Joe Manchin's Organizations: Service, Democratic Senate, Associated Press, Democratic, Senate, Republican, Business, GOP, Democrat, Wine, Democratic Party, Maryland, CNN, Republicans, Maryland Democratic, Gov, CBS, WUSA9, The Washington Post, West Virginia, Maryland — Locations: Prince George's, Maryland, Trone, Washington, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin

☆ Maryland U.S. Senate Primary Election Results
▼ + stars: | 2024-05-14 | by ( ) www.nytimes.com time to read: 1 min

Larry Hogan, a former two-term Maryland governor and an unabashed G.O.P. critic of Donald J. Trump, is the favorite in a crowded Republican primary for a U.S. Senate seat being vacated by Benjamin L. Cardin, a longtime Democratic incumbent. In the Democratic primary, Angela Alsobrooks, the Prince George’s County executive, is facing Rep. David Trone, a third-term congressman and owner of Total Wine & More, an alcohol retailer.

Persons: Larry Hogan, Donald J, Trump, Benjamin L, Cardin, Angela Alsobrooks, Prince George’s, David Trone Organizations: Republican, U.S, Senate, Democratic Locations: Maryland, Prince George’s County

☆ Can This Never Trumper Find a Future in the Republican Party?
▼ + stars: | 2024-05-13 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

In February 2021, weeks after Jan. 6, Larry Hogan, who was then the Republican governor of Maryland and a frequent critic of Donald Trump, told Katie Couric that a battle for the soul of their party was underway — and that Trump’s influence was really, finally, diminishing. “I guess I’m not as smart as I thought I was,” Hogan told me this morning. Hogan knows that his side of the party — what he calls “the Republican wing of the Republican Party” — lost that battle. He knows that many of his fellow Never Trumpers have lost re-election, decided to retire or changed their tune. “I do feel a little bit like I’m running toward the burning building,” Hogan said.

Persons: Jan, Larry Hogan, Donald Trump, Katie Couric, —, ” Hogan, Hogan, “, Republican Party ” —, ” Organizations: Republican, Republican Party, Trump Republicans Locations: Maryland

☆ In Deep-Blue Maryland, a Democratic Primary Turns Uncommonly Competitive
▼ + stars: | 2024-05-12 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

It’s an unfamiliar question for deep-blue Maryland, which hasn’t had a Republican senator in nearly four decades. But the state’s typically sleepy Senate race has heated up this year after Larry Hogan, the popular former two-term Republican governor, decided to run. Now Democrats across the state are wringing their hands trying to figure out which of their candidates has a better shot at defeating Mr. Hogan. Perhaps because of the heightened stakes, the contest has turned increasingly negative as it has tightened, splitting Democrats in Congress and beyond. While congressional leaders have endorsed Mr. Trone, all but one Democrat in the state’s congressional delegation are backing Ms. Alsobrooks.

Persons: Chuck Taylor, Angela Alsobrooks, hasn’t, Larry Hogan, Hogan, Alsobrooks, Prince George’s, David Trone, Trone Organizations: United States Senate, Republican Locations: Maryland

☆ In Maryland’s Democratic Senate primary, a high-stakes clash between a history-making pick and a candidate with deep pockets
▼ + stars: | 2024-05-11 | by ( Simone Pathe | ) edition.cnn.com time to read: +11 min

Silver Spring, Maryland CNN —The farmers market in this suburb of Washington, DC, was a ripe crowd for Angela Alsobrooks, who’s locked in an increasingly contentious Senate Democratic primary on Tuesday. “I would really like to see a Black woman in the Senate. If elected in November, Alsobrooks, the executive of Prince George’s County, could become only the third Black woman ever elected to the Senate. (The one Black woman currently serving — California’s Laphonza Butler — was appointed and isn’t running to stay beyond this year.) “Electing women is not just good for Maryland,” Alsobrooks told supporters assembled outside her campaign office.

Persons: Angela Alsobrooks, who’s, “, Kathy Pruitt, California’s Laphonza Butler —, Alsobrooks, David Trone, ”, Mileah Kromer, Trone, Larry Hogan, ” Pruitt, Hogan, Brian Snyder, “ I’ve, ” —, it’s, ” Alsobrooks, ” Ellen Malcolm, —, Maryland’s Barbara Mikulski, Wes Moore, Sen, Ben Cardin, Barbara Lee, Lisa Blunt Rochester, Pamela Luckett, “ It’s, that’s, he’ll, Alsobrooks hasn’t, doesn’t, Joanne Benson, Donald Trump, It’s, Prince, Krystal Oriadha, you’re, — who’s, — doesn’t, ” Benson, She’s, Glynda Carr, Black, ” Carr, hasn’t, Pruitt Organizations: Maryland CNN, Democratic, Takoma Park, Prince, Senate, Goucher College Poll, Maryland, House Democratic, GOP Gov, Maryland Gov, Saint Anselm College, Reuters, Bowie, Democrats, PAC, Washington Post, Gov, California Rep, Spring, Republicans, NBC, CNN, Capitol, ”, GOP, AFI, NRA, Higher Locations: Maryland, Washington, Alsobrooks, Prince George’s County, George’s, Manchester , New Hampshire, Black, America, who’s, Delaware, Prince George’s, Higher Heights

☆ Larry Hogan has raked in $157,000 for giving speeches in the last 2 years — including after he launched his Senate bid
▼ + stars: | 2024-04-15 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewLarry Hogan has made $157,000 from paid speeches since the end of his term as Governor of Maryland, according to financial disclosure documents filed on Sunday. Terry McAuliffe at the Self Storage Association's National Spring Conference — came after he launched his GOP Senate campaign on February 9. This story is available exclusively to Business Insider subscribers. AdvertisementRicci told Business Insider on Monday that Hogan does not plan to give any more paid speeches while campaigning for Maryland's US Senate seat. Related storyIndeed, plenty of figures in both parties have given — and faced scrutiny — for paid speeches in the past, the most famous case being Hillary Clinton.

Persons: —, Larry Hogan, Terry McAuliffe, Spring Conference —, Governor Hogan, Hogan, Michael Ricci, Ricci, Jordan Libowitz, Hillary Clinton, Mike Rogers, Tom Suozzi Organizations: Service, Virginia Gov, Spring Conference, GOP Senate, Business, Maryland's, Citizens, Responsibility, Washington, GOP Michigan, Democratic, American, Casualty Insurance, National, Housing, LG Ad, Business Council of Canada, Republican, Senate, Senate Republicans Locations: Maryland

☆ No Labels will not field third-party ticket
▼ + stars: | 2024-04-04 | by ( Aaron Pellish | ) edition.cnn.com time to read: +3 min

CNN —The centrist group No Labels is abandoning plans to form a third-party presidential unity ticket for this year’s election. “But No Labels has always said we would only offer our ballot line to a ticket if we could identify candidates with a credible path to winning the White House. The Wall Street Journal was first to report on the No Labels decision not to field a presidential ticket. In its quest for a unity ticket, the group had been rebuffed by several high-profile figures, including former New Jersey Gov. The group had previously set a March deadline to decide on whether to field such a ticket.

Persons: Maryanne Martini, Chris Christie, Nikki Haley, West Virginia Sen, Joe Manchin, Larry Hogan, Connecticut Sen, Joe Lieberman, Joe Biden, Donald Trump, Martini, ”, America’s, Robert F, Kennedy Jr, Robert Kennedy Junior, ” Rahna Epting, MoveOn, Biden, Matt Bennett, CNN’s Eva McKend Organizations: CNN, White, New, New Jersey Gov, South Carolina Gov, Maryland Gov Locations: New Jersey, West, Connecticut, “

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