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☆ Trump's tariff plan: Why he's pushing for them, and how they might end up raising prices
▼ + stars: | 2024-11-07 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

President Trump has said he plans to install a blanket tariff of 10% to 20% on all imports, with additional tariffs of 60% to 100% on goods brought in from China. In the September Presidential debate, Trump characterized the plan as a way to extract money from rival nations. Economists, however, tend to agree that such a plan would would have the effect of raising prices on everyday goods. How tariffs workSimply put, a tariff is a tax on imports, though not one paid by the exporting country. Trump has floated the idea that a tariff policy could eventually replace U.S. federal income tax altogether, a convention that the nonpartisan Peterson Institute for International Economics called "literally impossible."

Persons: Donald Trump, Trump, Howard Gleckman Organizations: Republican, Palm Beach Convention, U.S ., Urban, Brookings Tax Policy Center, CNBC, Tax Foundation, Peterson Institute for International Locations: Palm Beach, West Palm Beach , Florida, China, U.S

Rudy Giuliani (C) arrives at the New York court following a judge's order compelling his appearance in the defamation case filed by Georgia election workers in New York, United States on November 07, 2024. "All the property must be turned over to the receiver and if not, I will hold him in contempt," the judge told Caruso, whose client was by turns angry, animated and frustrated during the proceeding. "The vast majority of physical property, we have no idea where it is," Nathan said at Thursday's hearing. Nathan alleged that Giuliani has opened secret bank accounts and created limited liability companies on the heels of the defamation verdict last year. Before he entered court Thursday, Giuliani fumed over a judge's order that he show up in person saying it is "like a political persecution."

Persons: Rudy Giuliani, Judge Lewis Liman, Giuliani's, Kenneth Caruso, Liman, Caruso, Ruby Freeman, Wandrea Moss, Aaron Nathan, Giuliani, Nathan, Donald Trump Organizations: New, Trump, Benz Locations: New York, Georgia, United States, U.S, Manhattan, Palm Beach , Florida, Ronkonkoma, Long, Washington ,

☆ Trump takes a rare break from social media after election win
▼ + stars: | 2024-11-07 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican presidential nominee, former U.S. President Donald Trump arrives to speak with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Yet after achieving what is arguably the greatest political feat of his career, the new president-elect has so far been silent on the social media platforms where he is normally a ubiquitous presence. As of Thursday afternoon, Trump had not posted on Truth Social, the platform operated by his social media company Trump Media , since before all polls closed on Election Day. Nor has he trumpeted his victory on X, the social media site owned by his top campaign backer Elon Musk. Asked for clarity, Trump campaign spokesman Steven Cheung said only, "President Trump won a historic election and will now become the 47th President of the United States."

Persons: Donald Trump, Melania Trump, Trump, Elon Musk, Steven Cheung Organizations: Trump Media, Facebook, Republican Locations: Palm Beach, West Palm Beach , Florida, United States

☆ See the 95 executives Goldman Sachs tapped to join its exclusive partnership — a record high under David Solomon
▼ + stars: | 2024-11-07 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

Goldman Sachs on Thursday promoted 95 executives to its partnership. AdvertisementDavid Solomon, CEO of Goldman Sachs. The average tenure of the partner class is 16 years at Goldman Sachs. Marine Abiad, Global Banking & Markets, ParisBenny Adler, Global Banking & Markets, New YorkAdvertisementShahzad Ali, Controllers, New YorkAsh Ang, Global Banking & Markets, SingaporeLucia Arienti, Global Banking & Markets, LondonMatthew Armas, Asset & Wealth Management, New YorkAdvertisementPatrick Armstrong, Asset & Wealth Management, New YorkSebastian Ayton, Global Banking & Markets, ParisAmitayush Bahri, Asset & Wealth Management, LondonRob Barlick Jr, Asset & Wealth Management, MiamiAdvertisementDavid Bear, Global Banking & Markets, New YorkAmanda Beisel, Controllers, New YorkJeff Bernstein, Asset & Wealth Management, New YorkLyla Bibi, Global Banking & Markets, New YorkAdvertisementAnne Bizien, Global Banking & Markets, ParisTristan Blood, Asset & Wealth Management, LondonBrittany Boals Moeller, Asset & Wealth Management, AtlantaMarc Boheim, Asset & Wealth Management, LondonAdvertisementChris Bonner, Global Banking & Markets, New YorkKevin Boova, Global Banking & Markets, New YorkRelated storiesOonagh Bradley, Compliance, LondonTimothy Braude, Asset & Wealth Management, New YorkAdvertisementSteven Budig, Asset & Wealth Management, New YorkJacqueline Cassidy, Global Banking & Markets, New YorkSorubh Chandani, Asset & Wealth Management, New YorkPamela Codo-Lotti, Global Banking & Markets, New YorkAdvertisementBracha Cohen, Asset & Wealth Management, New YorkShaun Cullinan, Asset & Wealth Management, New YorkMarc d'Andlau, Global Banking & Markets, ParisAdam Davis, Global Banking & Markets, New YorkAdvertisementMatthew Doherty, Asset & Wealth Management, New YorkJason Eisenstadt, Global Banking & Markets, New YorkAshley Everett, Global Banking & Markets, New YorkAlex Finston, Global Banking & Markets, New YorkAdvertisementAlison Flood, Global Banking & Markets, New YorkArvind Giridhar, Global Banking & Markets, New YorkAshwin Gupta, Asset & Wealth Management, New YorkSonia Gupta, Global Banking & Markets, San FranciscoAdvertisementTerry Hagerty, Global Banking & Markets, New YorkRobert Hamilton Kelly, Asset & Wealth Management, West Palm BeachAxel Hoefer, Global Banking & Markets, FrankfurtDylan Hogarty, Global Banking & Markets, New YorkAdvertisementTim Holliday, Corporate Treasury, LondonKazuya Iketani, Global Banking & Markets, TokyoSumedh Jaiswal, Global Banking & Markets, LondonKyle Jessen, Global Banking & Markets, San FranciscoAdvertisementLotfi Karoui, Global Investment Research, New YorkFeroz Khosla, Global Banking & Markets, New YorkLarry Kleinman, Tax, New YorkJared Klyman, Asset & Wealth Management, New YorkAdvertisementDaniel Korich, Global Banking & Markets, New YorkRebecca Kruger, Global Banking & Markets, New YorkKosuke Kurosawa, Global Banking & Markets, TokyoShane Lee, Global Banking & Markets, CalgaryAdvertisementMichael Leister, Global Banking & Markets, New YorkMatthew Leskowitz, Global Banking & Markets, New YorkHilary Lopez, Asset & Wealth Management, LondonCedric Lucas, Asset & Wealth Management, New YorkAdvertisementMazen Makarem, Global Banking & Markets, New YorkMatthew Mason, Global Banking & Markets, Hong KongJans Meckel, Global Banking & Markets, ParisPatrick Moran, Legal, New YorkAdvertisementLeonie Morel, Global Banking & Markets, LondonJohn O'Connor, Global Banking & Markets, New YorkSteve Orr, Global Banking & Markets, New YorkLeke Osinubi, Engineering Division, New YorkAdvertisementElizabeth Overbay, Platform Solutions, New YorkJonathan Perry, Engineering Division, LondonThomas Plank, Global Banking & Markets, SingaporeCaitlin Pollak, Global Banking & Markets, New YorkAdvertisementLing Pong, Asset & Wealth Management, Hong KongJoe Porter, Global Banking & Markets, San FranciscoVishaal Rana, Global Banking & Markets, New YorkAlexandre Reinert, Global Banking & Markets, Hong KongAdvertisementMonique Rollins, Corporate Treasury, New YorkMarcos Rosenberg, Asset & Wealth Management, RichardsonMarc Schaffer, Global Banking & Markets, New YorkJan Scheffel, Global Banking & Markets, LondonAdvertisementRahul Sharma, Engineering Division, Menlo ParkEric Sheridan, Global Investment Research, New YorkSalil Sheth, Global Banking & Markets, New YorkJonathan Shugar, Global Banking & Markets, New YorkAdvertisementAlyson Shupe, Asset & Wealth Management, New YorkAaron Siegel, Global Banking & Markets, New YorkAdam Siegler, Global Banking & Markets, New YorkCraig Smart, Global Banking & Markets, New YorkAdvertisementAndre Souza, Global Banking & Markets, LondonThom Spoto, Asset & Wealth Management, West Palm BeachLesley Steele, Risk, LondonTeppei Takanabe, Global Banking & Markets, TokyoAdvertisementLaura van Alkemade, Global Banking & Markets, LondonDennis Walsh, Asset & Wealth Management, New YorkAlexandra Wilson-Elizondo, Asset & Wealth Management, New YorkSylvia Yeh, Asset & Wealth Management, New

Persons: Goldman Sachs, David Solomon, —, Solomon, John Waldron, Goldman, Michael Kovac, Beth Hammack, Stephanie Cohen, Katie Koch, Paris Benny Adler, Shahzad Ali, York Ash Ang, Singapore Lucia Arienti, London Matthew Armas, Patrick Armstrong, New York Sebastian Ayton, Paris Amitayush, London Rob Barlick Jr, David Bear, New York Amanda Beisel, Jeff Bernstein, New York Lyla Bibi, Anne Bizien, Tristan Blood, London Brittany Boals Moeller, Atlanta Marc Boheim, Chris Bonner, New York Kevin Boova, Oonagh Bradley, Timothy Braude, Steven Budig, Jacqueline Cassidy, New York Sorubh, New York Pamela Codo, Bracha Cohen, Shaun Cullinan, New York Marc d'Andlau, Paris Adam Davis, Matthew Doherty, New York Jason Eisenstadt, New York Ashley Everett, New York Alex Finston, Alison Flood, New York Arvind Giridhar, Ashwin Gupta, New York Sonia Gupta, Terry Hagerty, New York Robert Hamilton Kelly, Beach Axel Hoefer, Frankfurt Dylan Hogarty, Tim Holliday, London Kazuya Iketani, Kyle Jessen, Lotfi, New York Feroz Khosla, New York Larry Kleinman, New York Jared Klyman, Daniel Korich, New York Rebecca Kruger, New York Kosuke Kurosawa, Tokyo Shane Lee, Michael Leister, New York Matthew Leskowitz, New York Hilary Lopez, London Cedric Lucas, Mazen, New York Matthew Mason, Hong Kong Jans, Paris Patrick Moran, Leonie Morel, London John O'Connor, Steve Orr, New York Leke, Elizabeth Overbay, New York Jonathan Perry, Thomas Plank, Singapore Caitlin Pollak, Ling, Hong Kong Joe Porter, San Francisco Vishaal Rana, New York Alexandre Reinert, Monique Rollins, New York Marcos Rosenberg, Richardson Marc Schaffer, New York Jan Scheffel, Rahul Sharma, Eric Sheridan, New York Salil, New York Jonathan Shugar, Alyson, Aaron Siegel, New York Adam Siegler, New York Craig Smart, Andre Souza, London Thom Spoto, Palm Beach Lesley Steele, Laura van Alkemade, London Dennis Walsh, New York Alexandra Wilson, New York Sylvia Yeh, Piotr Zurawski, Emmalyse Brownstein, Reed Alexander Organizations: Service, Goldman, Business, Wall Street, Global Banking, Markets, Paris, New, Wealth Management, Asset, London, Atlanta, Compliance, San, Beach, Frankfurt, Corporate Treasury, Global Investment Research, Hong, Engineering Division, Solutions, Engineering, Menlo, Palm Beach Locations: Wall, New York, York, Singapore, London, Paris, Paris Amitayush Bahri, Miami, New, San Francisco, Tokyo, Calgary, Hong Kong

He has lavished praise on his campaign co-chairs, Chris LaCivita and Susie Wiles – who Trump named as his White House chief of staff on Thursday evening. In the 2016 election, Trump lost the popular vote to Hillary Clinton – and he repeatedly claimed falsely that he had won it. Trump’s priority is to finalize his Cabinet and senior White House staff, and the second wave is to sort deputy secretaries. Trump’s aides, however, anticipate that he will make use of the golf courses at Andrews Air Force Base when back in the White House. Trump mostly golfed at his club in Virginia while at the White House during his term.

Persons: Donald Trump, Chris LaCivita, Susie Wiles –, Trump, he’s, Hillary Clinton –, Elon Musk, Musk, ’ Trump, Jason Miller, ” Miller, Joe Biden, Kamala Harris, Biden, ” Trump, Harris, Trump’s, Barack Obama, Andrews, CNN’s Zachary Cohen Organizations: Palm Beach , Florida CNN —, Trump, White, White House, CNN, NBC News, Andrews Air Force Base Locations: Palm Beach , Florida, Florida, Lago, Virginia

☆ Photos this week: October 31-November 7, 2024
▼ + stars: | 2024-11-07 | by ( Kyle Almond | ) edition.cnn.com time to read: +1 min

Four years after losing the presidency, Donald Trump won it back in Tuesday’s election. The Republican nominee, who served from 2017-2021, defeated Vice President Kamala Harris to complete a historic political comeback. “I want to thank the American people for the extraordinary honor of being elected your 47th president and your 45th president,” Trump said at an election-night event in West Palm Beach, Florida. Harris, the nation’s first female vice president, was hoping to shatter a nearly 250-year-old glass ceiling to become the nation’s first female president. “But hear me when I say: The light of America’s promise will always burn bright.”Here are some of the stories that made headlines over the past week, as well as some photos that caught our eye.

Persons: Donald Trump, Kamala Harris, ” Trump, ”, Trump, Harris, Joe Biden’s Organizations: Republican, Democratic Locations: Tuesday’s, West Palm Beach , Florida, America, Butler , Pennsylvania, Lebanon

☆ Trump announces campaign manager Susie Wiles as White House chief of staff
▼ + stars: | 2024-11-07 | by ( Steve Contorno | ) edition.cnn.com time to read: +4 min

CNN —Donald Trump announced on Thursday that his campaign manager, Susie Wiles, will be named his White House chief of staff. “Susie Wiles just helped me achieve one of the greatest political victories in American history, and was an integral part of both my 2016 and 2020 successful campaigns,” the president-elect said in a statement. It is a well deserved honor to have Susie as the first-ever female Chief of Staff in United States history. “Susie Wiles ran Trump’s best campaign of the three, and it wasn’t particularly close,” Turning Point USA CEO Charlie Kirk wrote on X. The president, and America, would be well served with Susie in that key role.”CNN’s Kaitlan Collins and Kevin Liptak contributed to this report.

Persons: Donald Trump, Susie Wiles, “ Susie Wiles, Susie, ” Trump, Wiles, Trump, Laura Loomer, Brooke Rollins, Rollins, —, Kamala Harris, Pat Summerall, Chris LaCivita, Trump’s, Charlie Kirk, doesn’t, ” CNN’s Kaitlan Collins, Kevin Liptak Organizations: CNN, White, Staff, United, Policy, Pentagon, NFL, Trump, Palm Beach Convention Locations: United States, Trump, Florida, Palm Beach, America

☆ Battles from the Mar-a-Lago patio: How Trump’s staffing has already turned into a war
▼ + stars: | 2024-11-07 | by ( Kaitlan Collins | ) edition.cnn.com time to read: +3 min

Those hushed discussions have now morphed into an all-out battle that is playing out directly from the patio of Trump’s Mar-a-Lago Club in Palm Beach, Florida. And one of the biggest battles that emerged – over chief of staff – has since been resolved. Trump on Thursday named his campaign manager Susie Wiles to the role, touting her as the first woman to hold it. But that contest had previously boiled down to two names: Wiles and Brooke Rollins, who served in Trump’s first term and runs the America First Policy Institute. Occasionally over the past few months, Trump floated names as possible administration picks, but he would not engage further.

Persons: Donald Trump, Robert F, Kennedy Jr, Donald Trump Jr, Tulsi Gabbard, Tom Barrack, Howard Lutnick, Linda McMahon, Trump, Elise Stefanik, –, Susie Wiles, Wiles, Brooke Rollins, Rollins, Priebus, it’s, he’s, Steve Contorno, Kaanita Iyer, Kristen Holmes, Jeremy Herb, Kayla Tausche, Evan Perez Organizations: CNN, Trump, Lago, Lutnick, New York Republican, GOP, United Nations, Policy Institute Locations: Trump’s, Palm Beach , Florida, Florida, Trump

☆ Trump Media shares dive, giving up Election Day gain
▼ + stars: | 2024-11-07 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Shares of Trump Media & Technology Group , President-elect Donald Trump's media company, plunged in premarket trading Thursday, giving back the rally in the previous session triggered by his election victory. Trump Media, which is the operator of Truth Social, was viewed as a proxy for Trump's election odds in the past few months. The stock had shot up as much as 60% early Wednesday as Trump was projected to defeat Vice President Kamala Harris. The media company, majority owned by Trump, went public in March via a blank-check merger and now trades under ticker DJT — Trump's initials. Trump Media released a surprise earnings statement after the bell Tuesday that showed the company lost $19.2 million in the third quarter.

Persons: Donald Trump, Elon Musk, Donald Trump's, Trump, Kamala Harris Organizations: Republican, White House, Trump Media & Technology Group, Trump Media, Trump, Investors Locations: Mar, Palm Beach , Florida, U.S, United States

☆ Trump and his party aim to further expand power in Washington: From the Politics Desk
▼ + stars: | 2024-11-06 | by ( The Politics Desk | ) www.nbcnews.com time to read: +6 min

In today’s edition, we explore how Republicans are eyeing maintaining their current House majority and expanding their newfound Senate majority after Donald Trump's victory. But given Trump’s decisive victory over Vice President Kamala Harris, House Republicans are feeling bullish about their chances of preserving their slim majority. The party that will hold the majority in the House of Representatives in January 2025 has yet to be determined. Republican Tim Sheehy defeated Democratic Sen. Jon Tester in Montana, NBC News projected Wednesday morning, giving the GOP 52 Senate seats. And the races in Nevada between Democratic Sen. Jacky Rosen and Republican Sam Brown and in Pennsylvania between Democratic Sen. Bob Casey and GOP challenger Dave McCormick are too close to call.

Persons: Donald Trump's, Kamala Harris, Scott Wong, Sahil Kapur, Kyle Stewart, Donald Trump, Will Trump, that’s, Trump, Mike Johnson, ” Johnson, Hakeem Jeffries, ” Jeffries, ”, Republican Tim Sheehy, Democratic Sen, Jon Tester, Tammy Baldwin, Eric Hovde, Elissa Slotkin, Mike Rogers, Ruben Gallego, Kari Lake, Jacky Rosen, Republican Sam Brown, Bob Casey, Dave McCormick, Read, → Harris, Natasha Korecki, ” Harris, Harris Organizations: NBC, White House, Capitol, Kyle Stewart Republicans, White, Senate, Representatives, NBC News, House Republicans, “, Republicans, Biden, Congressional, Democratic, GOP, Republican, Democratic Rep, Trump, Pennsylvania, mater Howard University Locations: Washington, West Palm Beach , Florida, Pennsylvania, Michigan, D, Virginia, Alabama, Louisiana, New York, Arizona , Oregon, Iowa, Southern California, Montana, Wisconsin, Arizona, Nevada

Vice President Kamala Harris and President-elect Donald Trump barreled into election night with cautious optimism that their respective campaigns would prevail. The polling averages showed a tight race that could be decided by razor-thin margins in key battleground states like Michigan, Wisconsin and Pennsylvania. But as the first waves of returns streamed in, Trump’s advantages in the swing states quickly became clear — elating Republicans and demoralizing Democrats. The United States remains as bitterly divided as ever. Here, through photography and illustration, we explore a divided nation’s reactions to winning, losing and the future.

Persons: Kamala Harris, Donald Trump, Harris, Trump Organizations: Howard University, Washington , D.C, Republicans, demoralizing Democrats Locations: Washington ,, West Palm Beach , Florida, Michigan , Wisconsin, Pennsylvania, United States, U.S

Next door in the 7th District, GOP state Rep. Ryan Mackenzie defeated Democratic Rep. Susan Wild, who had flipped a GOP seat in a 2018 special election. Republicans also flipped an open seat in Michigan’s 7th District, after Democratic Rep. Elissa Slotkin decided to run for the Senate. Because California is notoriously slow in counting ballots, some of the half-dozen hyper-competitive races there — critical to which party wins the House majority — likely will take days. In the 27th District, GOP Rep. Mike Garcia was narrowly beating Democrat George Whitesides with 65% of the vote in. In another California battleground race, NBC News projected Wednesday that GOP Rep. Kevin Kiley has defeated Democrat Jessica Morse.

Persons: Donald Trump, Will Trump, that’s, Kamala Harris, Trump, Mike Johnson, ” Johnson, Hakeem Jeffries, ” Jeffries, Ezra Levin, Brendan Boyle, it's, ”, ” Boyle, “ Trump, Harris, Brandon Williams, Marc Molinaro, Josh Riley, Rob Bresnahan, Matt Cartwright, Ryan Mackenzie, Susan Wild, Wild, Elissa Slotkin, Nick Begich, Mary Peltola, Juan Ciscomani, Kirsten Engel, David Schweikert, Don Bacon, John Duarte, Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Michelle Steel, Derek Tran, Ken Calvert, Will Rollins, Kevin Kiley, Jessica Morse Organizations: WASHINGTON, Republicans, White, Senate, Representatives, NBC News, House Republicans, “, Biden, Congressional, Democratic, ”, Democrats, GOP, Empire State, NBC, Republican, Democratic Rep, GOP Rep, Central Valley’s, Democrat, District, longtime GOP, Rep Locations: West Palm Beach , Florida, Pennsylvania, Michigan, D, Virginia, Alabama, Louisiana, New York, Arizona , Oregon, Iowa, Southern California, Greenland, Syracuse, Empire, Pennsylvania’s, District, Michigan’s 7th, Alaska’s, In Arizona, Nebraska, California

WEST PALM BEACH, Fla. — Robert F. Kennedy Jr., who may play a key role overseeing public health issues in a second Trump administration, said Wednesday that he won't take away people's vaccines. "I’m not going to take away anybody’s vaccines," Kennedy said in an interview with NBC News when asked if there are specific vaccines that he would remove from the market. He will meet with senior Trump aides on Wednesday to discuss his role going forward. Shannon Finney / Getty Images file"If vaccines are working for somebody, I’m not going to take them away. Three days before the election, Trump hadn't ruled out whether he would ban certain vaccines.

Persons: Robert F, Kennedy Jr, Trump, I’m, Kennedy, —, Shannon Finney, Trump hadn't, ” Trump, haven't, it's, ” Kennedy, Vaughn Hillyard, Rebecca Shabad Organizations: NBC News, Children's Health Defense, Trump, Department of Health, Human Services, Washington , D.C, Getty, Food and Drug, Republican White House, West Palm Beach Locations: BEACH, Fla, Washington ,, Europe, Canada, West Palm, New York

WEST PALM BEACH, Fla. — Former President Donald Trump declared victory early Wednesday — NBC News has not projected a winner — after he took a series of swing states, including Pennsylvania. “I want to thank the American people for the extraordinary honor of being elected your 47th president and your 45th president,” Trump told supporters at a victory party at the Palm Beach County Convention Center. “Because we are going to help our country heal.”Family and supporters surround former President Donald Trump at the Palm Beach Convention Center in West Palm Beach, Fla., early Wednesday. Evan Vucci / APTrump was also leading in the popular vote by nearly 5 million votes at 2:30 a.m. ET, a lead that, if it holds, will make him the first Republican nominee to win the popular vote since George W. Bush in 2004.

Persons: Donald Trump, “, ” Trump, ”, Julia Demaree Nikhinson, Sen, JD Vance, Ohio, ” Vance, Trump, Evan Vucci, George W, Bush Organizations: NBC, Convention, Palm Beach Convention, Trump, Fox News, Republican Locations: BEACH, Fla, Pennsylvania, Beach, Palm Beach, West Palm Beach, United States of America, Georgia, North Carolina

Former President Donald Trump bested Vice President Kamala Harris in the 2024 presidential election. Trump won largely by breaching Democrats' "blue wall." The ex-president will now return to the White House after being ousted by Joe Biden in 2020. In defeating Vice President Kamala Harris, Trump will return to the White House after voters ousted him from office in the 2020 election. Trump's return to the White House is also poised to have profound effects on the judiciary.

Persons: Donald Trump, Kamala Harris, Trump, Joe Biden, —, Joe Biden's, Ron DeSantis, Nikki Haley, Biden, Harris, Clarence Thomas, Samuel Alito Organizations: Service, Fox News, CNN, NBC News, CBS News, ABC, Trump, US, GOP, UN, Democratic, GOP megadonors Locations: Wisconsin, Florida, West Palm Beach , Florida, America

☆ Trump declares victory as presidential race with Harris has yet to be called
▼ + stars: | 2024-11-06 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

Donald Trump declared victory in the presidential election early Wednesday morning, as the Republican led Kamala Harris in projected Electoral College votes in the presidential election. Neither Trump nor Harris has secured the 270 Electoral College votes needed to win the White House, but after NBC News projected he will win Pennsylvania, the former president was just four electoral votes short of that goal. "I want to thank the American people for the extraordinary honor of being elected your 47th president and your 45th president," Trump told supporters at the West Palm Beach, Florida, Convention Center, where he was flanked by family members and top members of his campaign. "We're going to help our country heal," Trump said. "We're going to fix everything about our country."

Persons: Donald Trump, Kamala Harris, Trump, Harris Organizations: Republican, Electoral, White, NBC News, Pennsylvania, Convention Locations: Palm Beach , Florida

☆ Trump's victory spells doom for his criminal cases — but he's not off the hook for $570 million in civil fines
▼ + stars: | 2024-11-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

With his comeback victory over Vice President Kamala Harris in the books, Trump can rest easy. But he has not yet escaped from liability in a handful of high-profile civil cases, where he has been ordered to pay combined penalties of over $570 million. "In theory, there should be no effect" from Trump's election on those civil matters, former federal prosecutor Neama Rahmani told CNBC. "It's well established that while a sitting president can't be prosecuted, he can face civil cases," Rahmani said. A state-level criminal case in Georgia, alleging Trump illegally meddled in that state's 2020 election, is also on ice.

Persons: Donald Trump, Donald Trump's, Kamala Harris, Trump, Neama Rahmani, Rahmani, Jack Smith, Smith's, Smith, Aileen Cannon, Fani Willis, Willis, Stormy Daniels Organizations: Convention Center, CNBC, of Justice, D.C, Trump, DOJ, Fulton Locations: Palm Beach, West Palm Beach , Florida, U.S, Smith's Washington, Florida, Georgia, Fulton County, York

☆ ‘A huge victory’: World leaders react as Trump secures White House return
▼ + stars: | 2024-11-06 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Addressing his supporters in Florida, Trump said his return to the White House would usher in the "golden age" of America. Likewise, European Commission President Ursula von der Leyen, French President Emmanuel Macron, Spanish Prime Minister Pedro Sanchez, Italian Prime Minister Giorgia Meloni and Hungarian Prime Minister Viktor Orban all offered their congratulations to Trump. We rely on continued strong bipartisan support for Ukraine in the United States," he added. "I look forward to working with him again to advance peace through strength through #NATO," Rutte said. "I hope that the elections will be beneficial for our friendly and allied people in the United States and for all of humanity," he added.

Persons: Donald Trump, Benjamin Netanyahu, Amos Ben, Gershom, Trump, Keir Starmer, Ursula von der Leyen, Emmanuel Macron, Pedro Sanchez, Giorgia Meloni, Viktor Orban, Volodymyr Zelenskyy, Trump's, Volodymyr Zelensky, Alex Kent, Dmitry Medvedev, Russia's, Maria Zakharova, Kamala Harris, Zakharova, Mark Rutte, Rutte, Recep Tayyip Erdoğan, Erdoğan, Tayyip Erdogan, Thaier Organizations: Mar, Anadolu, Getty, Wednesday, NBC News, Atlantic, Spanish, European Commission, Christian Democratic Union, Bloomberg, Ukraine, Republican, U.S, Russia, Russia's, White, NBC, Russian Foreign, Atlantic Treaty Organization, NATO, United Nations, Change, United Arab Emirates, sudani Locations: Lago, Palm Beach , Florida, United States, Florida, America, Italian, Hungarian, Berlin, Germany, Ukraine, New York City, Kyiv, Russia, Brussels, Belgium, Turkey, India, Australia, Israel, Iran, Dubai, United Arab

☆ Trump praises Elon Musk in election-night speech: 'A star is born'
▼ + stars: | 2024-11-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Donald Trump on Wednesday called Elon Musk "a new star." Trump mentioned Musk in a speech while on the cusp of retaking the White House. AdvertisementDonald Trump on Wednesday morning praised Telsa CEO Elon Musk as the former president neared a return to the White House. "We have a new star, a star is born," Trump told boisterous supporters in West Palm Beach, Florida. Musk, the world's richest man, spent at least $130 million on helping Trump and other Republicans win.

Persons: Donald Trump, Elon, Trump, —, Telsa, Elon Musk, Musk, Kamala Harris, Sen, JD Vance, Mike Johnson, Vance Organizations: Wednesday, Service, Trump, PAC, America PAC, GOP, Capitol, White House Locations: West Palm Beach , Florida, Pennsylvania

☆ 41-year-old teacher used her last $99 to start a living room side hustle—now her business makes $1.9 million a year
▼ + stars: | 2024-11-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

The day Lisa Collum started her side hustle in 2011, she went to OfficeMax and bought five binders with the last $99 in her checking account, she says. She filled them with copies of her fourth- and fifth-grade writing curricula, sliding pages reading "Top Score Writing by Lisa Collum" into the front plastic covers. Today, Collum, 41, is the CEO of Palm Beach Gardens, Florida-based Top Score Writing, which sells K-12 writing curricula and consulting services to schools and teachers across all 50 U.S. states, she says. That same year, Collum used funds from her business to buy Coastal Middle and High School, a nonprofit private school in Lake Park, Florida. Top Score Writing now has six full-time employees, 10 part-time staffers and nearly $1.9 million in annual profit last year, according to documents reviewed by CNBC Make It.

Persons: Lisa Collum, Collum Organizations: High School, CNBC Locations: Collum, Palm Beach Gardens , Florida, Lake Park , Florida

☆ Trump critic turned ally JD Vance elected vice president, offering glimpse at GOP’s potential future
▼ + stars: | 2024-11-06 | by ( Eric Bradner | Alison Main | ) edition.cnn.com time to read: +12 min

From JD Vance Vance and his grandmother Bonnie, whom he called “Mamaw.” From JD Vance Vance poses for a portrait near the US Capitol in January 2017. Astrid Riecken/The Washington Post/Getty Images Vance appears on “Late Night with Seth Meyers” in March 2017. Gaelen Morse/Bloomberg/Getty Images Trump watches as Vance speaks at a rally in Youngstown, Ohio, in September 2022. Scott Olson/Getty Images Vance watches Trump speaks to the media at Manhattan Criminal Court in New York in May 2024. Jeff Kowalsky/AFP/Getty Images Vance speaks to the media in Atlanta after the CNN presidential debate between Trump and President Joe Biden in June 2024.

Persons: Ohio Sen, JD Vance, —, Donald Trump’s, Vance, Trump, Usha Vance —, ”, “ America’s Hitler, Brenna, Bernie Moreno, Donald Trump's, Will Lanzoni, CNN He’s, Mike Pence, Joe Biden, Democratic Sen, Elizabeth Warren of, Vance Trump, Donald Trump Jr, Tucker Carlson, Florida Sen, Marco Rubio, Doug Burgum, Bonnie Vance, Lindsey, James, JD Vance Vance, Bonnie, Astrid Riecken, Seth Meyers ”, Lloyd Bishop, NBCUniversal, Sen, Rob Portman, Jeffrey Dean, Drew Angerer, Matt Gaetz, Marjorie Taylor Greene, Justin Merriman, Julia Nikhinson, Reuters Vance, Gaelen Morse, Jeff Swensen, Vivek, Usha, Ewan, Tim Ryan, Andrew Spear, Mitch McConnell, Markwayne Mullin, Ted Budd, McConnell, Katie Britt, Eric Schmitt, Graeme Sloan, AP Vance, Al Drago, Michael Swensen, Sherrod Brown, “, ” Vance, Jabin Botsford, Mandel Ngan, Scott Olson, Spencer Platt, Jeff Kowalsky, Eva Marie Uzcategui, Brenna Bird, CNN Vance, Tim Walz, ” Will Lanzoni, Mike DeWine, ” DeWine, Kamala Harris —, Roe, ” Weeks, CNN’s Dana Bash Organizations: CNN, Republican, Trump, GOP, Marine Corps, Ohio State University and Yale Law School —, Fox News, Ohio’s Senate, Convention, Democratic, Republican National Convention, Trump’s, North Dakota Gov, Capitol, Washington Post, Senate, Republican Senate, Bloomberg, Getty, Reuters, Ohio, Fair, Mirabel, US, Sipa, AP, Senate Commerce, Science, Transportation, Palestine Fire Department, Conservative Political, Conference, Manhattan Criminal, Getty Images, CBS Broadcast Center, Ohio Gov, Republican Party, Democratic Party Locations: Ohio, Trump’s, Ohio’s, New York, Milwaukee, Ukraine, Elizabeth Warren of Massachusetts, Butler , Pennsylvania, Lago, Florida, Middletown , Ohio, Delaware , Ohio, Newark , Ohio, Greensburg , Pennsylvania, Columbus, Youngstown , Ohio, Batavia , Ohio, Vandalia , Ohio, Cincinnati, Columbus , Ohio, East Palestine , Ohio, East Palestine, National Harbor , Maryland, AFP, Detroit, Atlanta, West Palm Beach , Florida, Springfield , Ohio

☆ Photos from the watch parties at Mar-a-Lago and Howard University give an inside look into Trump's and Harris' worlds on election night
▼ + stars: | 2024-11-06 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

And the mood at the Mar-a-Lago and Howard University watch parties could not have been more different. AP Photo/Evan VucciThe mood was more somber at the Howard University watch party. AdvertisementSupporters reacting after it was announced early Wednesday morning that Kamala Harris wouldn't speak at the election-night watch party at Howard University. Supporters of Harris leaving the election-night watch party at Howard University after it was announced that she wouldn't speak there that night. AP Photo/Ben CurtisSelina Wang, an ABC journalist present at the Howard watch party, posted a video of the scene at the university past midnight on X.

Persons: Donald Trump, Kamala Harris, Howard University's, —, Elon Musk, Dana White, Trump, Musk, Bea, Curt, elina, lina, orth Organizations: Palm Beach Convention, Service, Howard University, Mar Locations: Palm Beach, Pennsylvania

☆ Trump promised no taxes on Social Security benefits. It's too soon to plan on that change, experts say
▼ + stars: | 2024-11-06 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

On the campaign trail, Republican presidential candidate Donald Trump made a notable promise to retirees: No taxes on Social Security benefits. Any changes to Social Security would require at least 60 Senate votes, and Republicans would therefore need some Democratic support to pass those changes. "It's hard for me to imagine that Democrats would be willing to provide votes to get over that 60-vote threshold and weaken Social Security solvency," said Charles Blahous, senior research strategist at the Mercatus Center at George Mason University, who has also served as a public trustee for Social Security and Medicare. The Trump campaign has pushed back on those findings, calling the Committee for a Responsible Federal Budget "consistently wrong" in a statement to CNBC when the report was released. The Social Security trust fund used to help pay retirement benefits is projected to run out in 2033, according to the program's actuaries.

Persons: Donald Trump, Trump, Charles Blahous, — Organizations: Presidential, Convention Center, Republican, Social Security, Senate, George Mason University, Medicare, Finance, Budget, CNBC, program's Locations: Palm Beach, West Palm Beach , Florida, U.S

☆ Jeff Bezos congratulates Trump for ‘extraordinary political comeback and decisive victory’
▼ + stars: | 2024-11-06 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Jeff Bezos, the Amazon founder and chairman, congratulated Donald Trump on Wednesday for an “extraordinary political comeback and decisive victory” after the former president won re-election, wishing Trump “all success in leading and uniting the America we all love.”“Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory. No nation has bigger opportunities,” Bezos posted on X. “Wishing [Donald Trump] all success in leading and uniting the America we all love.”Amazon chief executive Andy Jassy also congratulated Trump on his re-election. “Congratulations to President-elect Trump on a hard-fought victory,” he wrote. Tara Palmeri, a Puck’s political correspondent who was set to broadcast from the Florida event, had her credentials revoked after she published a piece about “anxiety” within the Trump campaign.

Persons: Jeff Bezos, Donald Trump, Trump, ”, ” Bezos, Andy Jassy, “, Bezos, Kamala Harris, Brian Williams, Tara Palmeri, ” Palmeri Organizations: New, New York CNN, Amazon, ” Amazon, The Washington Post, Trump Locations: New York, America, ”, Florida, Palm Beach

☆ Trump claims presidential win. Here is what he promised the crypto industry ahead of the election
▼ + stars: | 2024-11-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Getting that money required him to make big promises pertaining to the crypto industry. "For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said during his keynote speech. Trump pledged to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals. "On day one, I will fire Gary Gensler," Trump said, referencing the Joe Biden-appointed SEC chairman who has taken an aggressive approach to crypto regulation.

Persons: Donald Trump, Joe Raedle, Elon Musk, Robert F, Kennedy, Jr, Cantor Fitzgerald, Howard Lutnick, Trump, MicroStrategy, Gary Gensler, Joe Biden, Gensler, Crypto, haven't, Sen, Elizabeth Warren, Bitcoin, Jerome Powell Organizations: Trump National Doral Golf Club, Getty, Republican, Strategic, White, U.S . Marshals Service, U.S . Securities, Exchange, SEC, Trump, Lago Club, Riot, Marathon Digital Holdings, Radical Communist, Federal Reserve Locations: Doral , Florida, Nashville, United States of America, Germany, America, Palm Beach , Florida, China, Russia, USA

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