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☆ Trump-Vance Administration Could Herald New Era for Dollar
▼ + stars: | 2024-07-16 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

Vance of Ohio to be his vice-presidential nominee pairs him with a kindred spirit on trade, taxes and a tough stance on China. But it is their shared affinity for a weak dollar that could have the most sweeping implications for the United States and the global economy. In most cases, Mr. Trump likes his policies to be “strong,” but when it comes to the value of the dollar, he has long expressed a different view. That’s because their money is worth so much less than the dollars that they need to make those purchases. “As your president, one would think that I would be thrilled with our very strong dollar,” Mr. Trump said in 2019, explaining that U.S. companies like Caterpillar and Boeing were struggling to compete.

Persons: Donald J, J.D, Vance of, Trump, Mr Organizations: Caterpillar, Boeing, Congressional Research Service Locations: Vance of Ohio, China, United States

CNN —Weapons experts have identified the remnants of two US-made munitions used in an Israeli missile strike Sunday on a school in central Gaza that according to local authorities killed at least 22 people. Hundreds were taking refuge at the former school in Nuseirat when it was struck by two missiles. CNN video from the scene Sunday showed an ambulance at the school, as people frantically searched through the rubble and destroyed makeshift shelters in the schoolyard. Then another missile hit. Ball told CNN there were also fragments of a US-made Hellfire missile at the site, including the top of the guidance system.

Persons: ” Abdul Kareem Al Assas, ” Tayseer Al Kilani, Netanyahu, UNRWA’s Abu, Patrick Senft, Trevor Ball, Ball, “ It’s, ” Organizations: CNN —, CNN, ”, Israeli Air Force, Hamas, Armament Research Services, Boeing, US Army Locations: Gaza, Nuseirat, Al Aqsa, UNRWA’s

☆ The Chinese Base That Isn’t There
▼ + stars: | 2024-07-14 | by ( Agnes Chang | Hannah Beech | ) www.nytimes.com time to read: +10 min

Security gate Chinese-funded buildup CAMBODIA Chinese warship CAMBODIA CAMBODIA Dry dock and other repair facilities Before After China insists it is not building a naval base in Cambodia. CHINA Ream, CambodiaThe Chinese Base That Isn’t There New facilities and the months-long presence of Chinese warships show Beijing’s growing global influence. In 2020, something curious happened at Cambodia’s Ream military base, on the Gulf of Thailand. The Chinese military presence near one of the world’s most vital sea lanes raises fundamental questions about Beijing’s ambitions. “The Ream military base is Cambodia’s, not the military base of any country,” Mey Dina, the commander of the base, told The New York Times.

Persons: CHINA, —, ”, Jan, John, “ We’re, Lloyd J, Austin III, ” Mey Dina, Mey Dina, Xi Jinping, dredgers, Ream, Gregory B, Poling, ‘ Ream, Xi, Hun Sen, Mr, Hun Sen’s, Hun Manet Organizations: U.S . Defense Department, Thunderbird School of Global Management, Arizona State University, Agence France, Navy, Planet Labs, Ream, Pentagon, New York Times, China’s, China’s Djibouti Naval, Basketball, Djibouti ETHIOPIA Perimeter, NAM Ream, Center for Strategic, International Studies, Cambodian, Congressional Research Service, White, AMERICA Ports, SOUTH AMERICA SRI LANKA, China, China ASIA EUROPE CHINA AFRICA Djibouti Ream SRI LANKA, United States Military Academy Locations: CAMBODIA CAMBODIA, China, Cambodia, CHINA Ream, Thailand, Ream, South China, American, Cambodian, U.S, People’s Republic, China’s, Djibouti, Horn of Africa, China’s Djibouti, YEMEN Djibouti, Djibouti ETHIOPIA, THAILAND, Cambodia Malacca, Africa, Asia, Southeast Asia, Djibouti Ream Africa, ASIA EUROPE, China CHINA AFRICA Djibouti, AUSTRALIA, China ASIA EUROPE CHINA AFRICA Djibouti, United States, Spratlys

☆ Activist Cevian has a stake in medical device company Smith & Nephew. How it may help improve margins
▼ + stars: | 2024-07-13 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Business: Smith & Nephew is a British portfolio medical technology company that operates worldwide. Its segments include Orthopedics, Sports Medicine and Ear, Nose and Throat, as well as Advanced Wound Management. Its Advanced Wound Management portfolio provides a comprehensive set of products to meet broad and complex clinical needs. Smith & Nephew is a global leader in medical technology. Smith & Nephew is well known for its product quality and its brand perception is very strong.

Persons: Smith, Nephew, Stryker, Zimmer Biomet, Ken Squire Organizations: Sports, Management, Sports Medicine, Cevian, Sports Med, 13D Locations: British, Europe

☆ Israel is inching toward a wider war and a nasty fight against an enemy poised to bombard it as no other foe has
▼ + stars: | 2024-07-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementFor Israel, a larger war with Hezbollah would look very different from the full-scale conflict it's fighting against Hamas in Gaza. Before the 2006 Lebanon War, a monthlong conflict fought against Israel, Hezbollah maintained some 15,000 projectiles. REUTERS/Avi OhayonBut a larger Hezbollah war could overwhelm some of these systems, a scenario that has caused concern in Washington. During the 2006 war, Hezbollah fired somewhere between 100 and 200 rockets per day at Israel, according to estimates cited by the Foundation for Defense of Democracies think tank. More than two dozen soldiers and civilians have already been killed in Israel, and in Lebanon, that figure has surpassed 450.

Persons: —, Ariel Schalit, Daniel Byman, MAHMOUD ZAYYAT, Avi Ohayon, Stringer, Rami Shlush, Antony Blinken Organizations: Service, Hezbollah, Tehran —, Business, United Nations, Israel, Hamas, AP, Center for Strategic, International Studies, Getty, Institute for National Security Studies, CSIS, REUTERS, Foundation for Defense, Democracies, Israel Communications, Research Center, Congressional Research Service, Institution Locations: Israel, Iran, Lebanon, Tehran, Gaza . The Lebanon, Kiryat Shmona, Gaza, Lebanese, Nabatiyeh, AFP, Israeli, Washington, Khiam, Israel's

Around 8 in 10 people infected with West Nile virus don’t show symptoms. These symptoms can often be confused with those of other viruses, so the majority of West Nile cases are never diagnosed. The CDC’s tally for West Nile cases this year is likely an undercount, since several states have reported additional human cases in recent weeks. Raman said he’s worried about more West Nile transmission during monsoon season in the Las Vegas area, which is expected to start soon. The county announced in late June that one person, a blood donor, had tested positive for West Nile virus.

Persons: “, ” Kate Fowlie, “ WNV, ”, Scott Weaver, Weaver, ” Weaver, Vivek Raman, Raman, he’s, Lindsay Huse, Dranda Hopps, “ It’s Organizations: Centers for Disease Control, Prevention, USDA Agricultural Research Service, Agricultural Research Service, AP, Institute, Human, University of Texas Medical Branch, U.S, CDC, West, Southern, Southern Nevada Health District, Southern Nevada Health, The Texas Department of State Health Services, NBC, Dallas, Fort, Texas Department of State Health Services, Scott County Health Department Locations: Arizona , Arkansas , Kansas , Maryland , Michigan , Mississippi, Tennessee, West Nile, West, U.S, Texas, Colorado, Southern Nevada, Nile, Las Vegas, Douglas County , Nebraska, Houston, Springtown , Texas, Fort Worth, Springtown, Clark County , Nevada, Scott, Illinois

☆ Romance scams cost consumers $1.14 billion last year. It's a 'more insidious' fraud, expert says
▼ + stars: | 2024-07-03 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Cybercriminals are targeting wealth accounts by tapping into a victim's emotions. Consumers lost $1.14 billion to romance scams in 2023, according to the Federal Trade Commission. Median losses per person amounted to $2,000, the highest reported losses for any form of imposter scam, the FTC found. "Romance scams tend to be some of the more insidious because they prey on emotions," Kitten said. "They know the different emotional trigger points that we all have, and that's when they strike," Payton added.

Persons: Tracy Kitten, Kitten, Taylor, Theresa Payton, Payton Organizations: Strategy, Research, Consumers, Federal Trade Commission, FTC, Netflix, Finance, White House, Fortalice Solutions

☆ Activist Jana has a stake in Rapid7. There are two paths to bolster value at the cybersecurity company
▼ + stars: | 2024-06-29 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Rapid7 Managed Threat Complete is the company's flagship offering, and it includes the Rapid7 Managed Detection and Response program. Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. The firm made its name taking deeply researched activist positions with well-conceived plans for long term value. Rapid7 is a cybersecurity company that expands the expertise of its clients' security operations. In addition, to shift from pure growth to a profitable software company, Rapid7 has focused on meeting targets for $160 million in free cash flow and improved margins.

Persons: Rapid7, Jana, Barry Rosenstein, Rosenstein, Tenable, It's, Corey Thomas, Cannae, Bradstreet, Ken Squire Organizations: VM, National Security Telecommunications Advisory, Federal Reserve Bank of Boston, Foreign Relations, of Massachusetts, LPL Financial, Vanderbilt University, Francisco Partners, Sumo, Cannae Holdings, 13D Locations: Splunk, Rapid7

☆ Israel has never been impressed with its version of the $1 billion Patriot air defense system. Now it could offload up to 8 to Ukraine.
▼ + stars: | 2024-06-29 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

It would be a welcome moment for Ukraine, which has long coveted more of the $1 billion US-manufactured Patriot systems. "Israel's Patriots would greatly expand Ukraine's air defense capacity at a time when it is sorely needed," John Hardie, the Deputy Director of the Foundation for Defense of Democracies Russia Program, said. Zelenskyy's Patriot pleasUkrainian President Volodymyr Zelenskyy has never been shy about his desire to get his hands on more Patriot systems. AdvertisementIn April, Zelenskyy told NATO members that Ukraine needed at least seven Patriot or other advanced air defense systems to defend against Russian attacks. The Patriot air defense systemA 2023 report by the Congressional Research Service describes the Patriot system as an "integral component of U.S. air and missile defense."

Persons: —, Vladimir Putin's, John Hardie, Ryan Bohl, RANE, Bohl, Volodymyr Zelenskyy, Zelenskyy, Putin, Joe Biden, John Kirby Organizations: Service, Russian, Financial Times, Business, Israel's Patriots, Foundation for Defense of Democracies Russia, Israeli Air Force, Patriot, Iraqi Scud, Officials, East, Hezbollah, NATO, Patriots, New York Times, National Security, Congressional Research Service Locations: Israel, Ukraine, North Africa, Lebanese, —

☆ What would happen if Biden decided to leave the race?
▼ + stars: | 2024-06-28 | by ( Zachary B. Wolf | Ethan Cohen | ) edition.cnn.com time to read: +6 min

Things would be very different in 2024 if Biden decided to leave the race, although Democrats’ convention will return to Chicago in August. It also means that if Biden dropped out of the race, it would largely be Biden backers who would be responsible for picking his replacement. You can assume, for instance, that Vice President Kamala Harris would be a top contender to be on the ballot in such a scenario. The DNC actually needed to convene a meeting to affirm Sargent Shriver as Democratic nominee George McGovern’s second-choice running mate. Under the 20th Amendment, if a president-elect dies, his or her running mate, the vice president-elect, becomes president.

Persons: Joe Biden’s, Biden, ”, David Axelrod, Hubert Humphrey, Lyndon Johnson, Humphrey, aren’t, they’re, Kamala Harris, Donald Trump, Gavin Newsom –, Harris, Republicans –, Sen, Thomas Eagleton, Sargent Shriver, George McGovern’s Organizations: CNN, Voters, Democratic National Convention, Democratic Party, Biden –, Biden, Democratic, Republicans, Democrats – The Democratic National Committee, Republican, Republican National Committee, Service, CRS, Democrat, DNC, Congress, Electoral Locations: Vietnam, Chicago, California

☆ 5 in-demand admin skills, according to Upwork: Some can pay more than $100 an hour
▼ + stars: | 2024-06-25 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Freelance marketplace Upwork has long been documenting the most popular skills and specialties on its website. Among those that made the list this year are data analytics, social media marketing and accounting, according to its Most In-Demand Work Skills in 2024 report. Upwork groups its popular skills according to field, such as coding and sales. This year, it also included a list of its most in-demand customer service and admin support tasks, some of which don't necessarily require much experience. That's the sort of admin work general virtual assistants pick up and why they're so in demand.

Persons: Margaret Lilani, Vicki Salemi, they'll Organizations: Microsoft, Research

☆ Starboard loses initial legal fight against Autodesk, but the battle may just be beginning
▼ + stars: | 2024-06-22 | by ( Kenneth Squire | ) www.cnbc.com time to read: +10 min

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. With 90%+ gross margins and 35% operating margins, Autodesk is a leader in AEC software. Further, its operating margins are not much worse than those of its peers at first blush. However, Starboard correctly does not judge the company's operating margins on the mean of its peer set, but by the potential embodied in its gross margins and market position. He no longer serves on the board of Autodesk, but he could certainly be an informal advisor to Starboard – or a cautionary tale for Autodesk.

Persons: Max, Russell, Deborah Clifford, Clifford, bode, Sachem, Andrew Anagnost, designees, Rick Hill, Hill, designee, Ken Squire Organizations: Autodesk, Engineering, Manufacturing, Media, Entertainment, Manufacturing Solutions, Wonder, Delaware Chancery, —, U.S . Securities, Exchange Commission, Delaware Court, Marvell Technology, Symantec, 13D Locations: Delaware, Autodesk's

CNN —US officials have serious concerns that in the event of a full-blown war between Israel and Hezbollah, the Iran-backed militant group could overwhelm Israel’s air defenses in the north — including the much-vaunted Iron Dome air defense system, three US officials told CNN. Israeli officials have told the US they are planning to shift resources from southern Gaza to northern Israel in preparation for a possible offensive against the group, US officials told CNN on Wednesday. “We assess that at least some” Iron Dome batteries “will be overwhelmed,” said a senior administration official. Earlier this month, Hezbollah released a video purporting to show a drone striking and damaging an Iron Dome battery on an army base in northern Israel. The Iron Dome is fundamental to Israel’s defense and the US government has spent over $2.9 billion on the program, according to the Congressional Research Service.

Persons: “, ”, “ We’re, Amos Hochstein, Hochstein, Israel, Israel ‘, Antony Blinken’s, Yoav Gallant, Hassan Nasrallah, Nasrallah, Assad Organizations: CNN, Hezbollah, Congressional Research Service, Israel Defense Forces, Islamic, Biden, US, IDF, Hamas, Israeli, Command, Radwan Force, Rocket Locations: Israel, Iran, Lebanon, Gaza, Lebanese, Jerusalem, Beirut, Rafah, ”, Cyprus, Syria

☆ US Navy faces 'most intense combat since World War II' against Yemen's Iran-backed Houthi rebels, defense experts say
▼ + stars: | 2024-06-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US is facing its most intense battle since World War II against Yemen's Houthi rebels, experts say. "This is the most sustained combat that the US Navy has seen since World War II — easily, no question," he said. US warships from the US Navy's Dwight D. Eisenhower Carrier Strike Group had fired over 500 munitions fighting the Houthis, Business Insider reported on May 23. Sailors often have only a few seconds to confirm an incoming Houthi strike.

Persons: —, Yemen's Houthi, Bryan Clark, Navy submariner, Dwight D, CENTCOM, Yemen's, Mohammed Hamoud, National Intelligence Avril Haines, Cmdr, Eric Blomberg, Laboon, David Wroe, Eisenhower, Navy Carlos Del Toro, Biden, Brian Finucane, Fabian Hinz Organizations: Service, Navy, Hudson Institute, Associated Press, Business, US Navy, Congressional Research Service, Eisenhower Carrier Strike, military's, Command, National Intelligence, AP, Pentagon, Munitions, Crisis Group, Institute for Strategic Studies, Palestine Locations: Israel, Gaza, Red, Yemen, Iran, Palestine, Eilat, London

☆ Nelson Peltz’s Trian has a stake in Rentokil. Here’s how the activist might boost shareholder value
▼ + stars: | 2024-06-15 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Rentokil offers a complete range of pest control services, from rodents to flying and crawling insects, to other forms of wildlife management. Trian, managed by Nelson Peltz, takes very few positions, but is very active in its positions. Rentokil Initial is a United Kingdom-based global provider of pest control, hygiene and well-being services for residential, commercial and industrial customers. However, when it has engaged with UK companies, the firm has consistently been able to create shareholder value. Shifting the listing to the U.S. is the low-hanging fruit of value creation and potentially divesting the European business could create additional value.

Persons: It's, Trian, Nelson Peltz, Peltz, Rentokil, Janus Henderson, Ferguson, Ecolab, Rio, Pearson, Ken Squire Organizations: Rentokil's, Unilever, Ferguson, New York Stock Exchange, Rollins, Janus, 13D Locations: United Kingdom, North America, Europe, Saharan Africa, France, U.S, Pentair, London, Rio Tinto, New York

☆ Biden pulls from Trump’s immigration playbook in election year twist
▼ + stars: | 2024-06-04 | by ( Zachary B. Wolf | Long-Standing Authority | ) edition.cnn.com time to read: +8 min

Read the full story on Biden’s announcement from CNN’s White House team. Trump and Biden remain very far apartIt’s still very true that their rhetoric on immigrants remains very different. “I’ll never refer to immigrants as poisoning the blood of a country,” Biden said at the White House. Expect challengesThe American Civil Liberties Union, which challenged Trump’s border actions when he was president, now plans to challenge Biden. “We continue to work closely with our Mexican neighbors instead of attacking Mexico,” Biden said at the White House, drawing a distinction between his approach and Trump’s.

Persons: Joe Biden, Donald Trump’s, Trump, Biden, Donald Trump, Go Nakamura, Reuters Biden, “, ” Biden, ” Lee Gelernt, CNN’s Rosa Flores, Flores, Richard Cortez, ” Cortez, Priscilla Alvarez, Trump’s, Mexico’s, Harry Enten Organizations: CNN, White, Republicans, CNN’s White House, Trump, Reuters, Republican, American Civil Liberties Union, Immigrants, Rights, CNBC, Biden, Congressional Research Service, Department of Homeland Security Locations: Mexico, Eagle, , Texas, Piedras Negras, Hidalgo , Texas, Springs , California, Hidalgo County, United States, Iran

☆ Netflix has a key advantage over Amazon in courting advertisers
▼ + stars: | 2024-06-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Read previewScale has been a big part of Amazon's pitch for ads in Prime Video. Amazon doesn't regularly release viewership data, and one commonly heard suspicion is that Prime Video hasn't had any huge, original hits of late. It measures Netflix, Prime Video, Max, and Disney+ in 20 countries across the US, Canada, Europe, Latin America, and Asia. Here are some other other findings from Digital i:Netflix and Prime Video have similar viewer demographics, with Prime skewing slightly older. Licensed content makes up about half of viewing across Netflix, Prime Video, and Disney+, with the rest coming from originals.

Persons: —, hasn't, Max skews Organizations: Service, Amazon, Business, Netflix, Disney Locations: Canada, Europe, Latin America, Asia

☆ Activist Elliott wants Texas Instruments to bolster free cash flow. An amicable solution may emerge
▼ + stars: | 2024-06-01 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

Texas Instruments is one of the most iconic semiconductor companies in the world, with a history dating back nearly a century. Over the years, Texas Instruments has differentiated itself with a commitment to manufacturing as a core competitive advantage. In either case, Elliott thinks the company can achieve $9.01 of free cash flow per share. The company's capex plan has decimated free cash flow per share and is building to a 50% excess capacity. Elliott's plan restores the free cash flow per share growth and still builds to a 30% or 39% excess capacity.

Persons: Elliott, It's, Ken Squire Organizations: Texas, Texas Instruments, 13D Locations: COOs, China, Taiwan, U.S, capex, Richardson , Texas

☆ Walmart and Target are slashing prices. What does that mean for inflation?
▼ + stars: | 2024-05-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

That doesn’t mean the battle against inflation is won. Walmart saw first-quarter sales at stores open at least a year climb 3.8% from the prior year, in part thanks to its ability to keep prices low even as inflation remains sticky. “Our combination of everyday low prices plus a large number of rollbacks is resonating” with consumers, Walmart CEO Doug McMillon said on a call with analysts. Investors will get more inflation data next week from the Personal Consumption Expenditures index for April. Without that discount, the combined fine would have topped £88 million ($112 million).

Persons: Doug McMillon, Price, we’re, ”, Preston Caldwell, Scarlett Johansson, Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, Brian Fung, OpenAI didn’t, Anna Cooban, “ Organizations: CNN Business, Bell, New York CNN, Walmart, Ikea, Aldi, Morningstar Research Services, Bureau of Labor Statistics, Investors, Citi, Citigroup, Financial Conduct Authority, Bank of England’s Prudential, Authority, CNN Locations: New York, United States

U.S. defense spending and military aid costs are adding up. President Joe Biden signed a $95 billion U.S. military aid package in April allocating funding to Ukraine, Israel, Taiwan and the Indo-Pacific region. On top of that, the National Defense Authorization Act of 2024 authorized military spending of a record $886 billion. A big chunk of that money will go to bolster the American defense industry. So where does the U.S. send military aid and personnel and how does defense spending affect the world at large?

Persons: Joe Biden, Gregory Hayes, CNBC's, Lockheed Martin, RTX, Northrop Grumman Organizations: National Defense, U.S, Dynamics, Boeing, Northrop, Northrop Grumman —, of Defense, Congressional Research Service Locations: Ukraine, Israel, Taiwan, U.S

☆ The US Army's new plan to counter Russia and China has a glaring problem, experts say
▼ + stars: | 2024-05-11 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The 2024 Army Force Structure Transformation would be the Army's fifth major reorganization since 2003. The most striking aspect of the Army's plan is the large number of new units, for counter-drone protection as well as air and missile defense. In addition, there would be nine counter-small UAS batteries tasked with destroying small drones, and four more Maneuver Short Range Air Defense (M-SHORAD) battalions to stop manned aircraft, helicopters and drones. Monica K. Guthrie/US ArmyThe Army is also basing its plans on untried weapons, such as the Long-Range Hypersonic Missile and air defense lasers. China and Russia have much stronger air and missile forces than the regional opponents the army has faced for the last generation."

Persons: Monica K, Mark Cancian, Cancian, Michael Peck Organizations: Service, US Army, 2024, Army, Business, Congressional Research Service, Congress, Air Defense, Domain, Forces, CRS, Special Operations Forces, Security Force, Guthrie, Energy, Center for Strategic, International Studies, US, Nuclear Forces, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, China, Soviet Union, Ukraine, Forbes

☆ Activist Elliott settles for a new director at Sensata. These next steps may help boost shares
▼ + stars: | 2024-05-11 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. Activist Commentary: Elliott is a very successful and astute activist investor. Elliott often watches companies for many years before investing and has an extensive stable of impressive board candidates. At the same time, Sensata also noted that Elliott settled for a board seat for Phillip Eyler (president and CEO of Gentherm), effective on July 1. As Sensata sensors are used in both combustion and electric vehicles, the current trend to hybrid gives the company a sort of 2-for-1 demand for its products.

Persons: Elliott, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler, Russell, Sullivan, Eyler, Ken Squire Organizations: Sensata Technologies, Xirgo Technologies, SmartWitness Holdings, 13D Locations: COOs, Cote, Sensata

☆ Nobel Prize-winning economist Joseph Stiglitz shares the playbook he thinks Trump will use to stay in power if he wins a second term
▼ + stars: | 2024-05-09 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

If former President Donald Trump wins a second term in the November election, expect him to try to stay in power beyond his allotted four years, says Nobel Prize-winning economist Joseph Stiglitz. Right now, a second Trump term is a real possibility. AdvertisementInstead, Trump is more likely to declare a state of emergency, Stiglitz said, in an attempt to delay or cancel elections. The executive branch has no power to move the date of elections, according to the National Constitution Center. AdvertisementChanging an election date via Congress would need the approval of both the Senate and the House of Representatives, and the two chambers would have to come up with a new election date, per the National Constitution Center.

Persons: Donald Trump, Joseph Stiglitz, Putin, Orbán, Bolsonaro, Stiglitz, Trump, Joe Biden, Brad Raffensperger, Mike Pence, I'm, Pence, Ronald Reagan Organizations: Service, Business, Trump, RealClearPolitics, Georgia, Capitol, Republican Senate, Congress, National Constitution Center, Senate, Representatives, Constitution Center, Congressional Research Service, CRS, :, Good Society Locations: Ohio

☆ As Social Security's funds face insolvency, experts say these are key factors to watch
▼ + stars: | 2024-05-08 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Phoenix Wang | Moment | Getty ImagesA new Social Security trustees report released on Monday provides a modest bright spot for the program. watch nowThe trust fund shortfall may be addressed through tax increases, benefit cuts or by taking funds from general revenues, he said. But Social Security is poised to be an issue in the upcoming House, Senate and presidential campaigns, he said. Here are some key revelations to note from this year's Social Security trustees report. If there is a major recession, many workers who are at the margin may apply for disability benefits, he said.

Persons: Wang, Jason Fichtner, Fichtner, Max Richtman, Laura Haltzel Organizations: Social Security, Center, Committee, Budget, National Committee, Preserve Social Security, Social, Congressional Research Service

☆ These sisters became co-owners of the family farm at 22 and 24, joining the ranks of women as key decision-makers on farms
▼ + stars: | 2024-05-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +7 min

Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey. Courtesy: Alstede FarmsSisters Rebekah Alstede Modery and Sarah Alstede were raised on a New Jersey farm. In February, the sisters joined their father, Kurt Alstede, and their stepmother, Mary Thompson-Alstede, as co-owners of Alstede Farms. 'A huge undertaking' as a familyCo-owners of Alstede Farms from left to right: Mary Thompson-Alstede, Rebekah Alstede Modery, Kurt Alstede and Sarah Alstede. Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey.

Persons: Rebekah Alstede Modery, Sarah Alstede, Rebekah, Kurt Alstede, Mary Thompson, It's, Dominique Sims, NASS, Agriculture hasn't, Inwood, Lance Honig, Sarah, that's, Bernt Nelson, Rachel Schattman, Alstede Organizations: Delaware Valley University, CNBC, Centenary University, Alstede, National Agricultural Statistics Service, U.S . Department of Agriculture, The Ohio State University, Agriculture, Agricultural Resource Management, USDA Economic Research Service, American Farm Bureau Federation, University of Maine, Farmers Locations: Chester , New Jersey, New Jersey, Sarah, Agriculture, U.S

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