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Read previewFour senators on Wednesday released a bipartisan report chronicling the myriad failures by the Secret Service that preceded an assassination attempt against former President Donald Trump in July. The interim report from the Homeland Security and Governmental Affairs Committee said that the Secret Service failed to "clearly define responsibilities" during the fateful rally. AdvertisementThe report also said Secret Service personnel responsible for planning coverage of the July 13 event "denied that they were individually responsible for planning or security failures and deflected blame." The staff report states that the Secret Service was told that local police had seen a "suspicious person with a rangefinder" near the building at about 5:45 p.m.By 5:52 p.m., at least eight Secret Service personnel had been told about the suspicious person, according to the report. Related storiesIn a statement to Business Insider, the Secret Service said it's taken steps since the assassination attempt to address the issues.
Persons: , Donald Trump, Gary Peters of Michigan, Richard Blumenthal, Rand Paul of Kentucky, Ron Johnson of, Peters, Paul, rallygoer, it's, Anthony Guglielmi, Guglielmi Organizations: Service, Wednesday, Democratic, Richard Blumenthal of Connecticut, Business, Homeland Security, Governmental Affairs Committee, Secret, Trump, Unmanned Aircraft Systems, Counter Assault, Senate Homeland Security Locations: Richard Blumenthal of, Ron Johnson of Wisconsin
Twenty-two months in total isolation, denied books, denied paper, my cell constantly searched, nothing at all to sustain my mind. Let me put it this way, turning anything in my life into something other people can watch, pains me. Nigerian playwright, novelist and Nobel Prize in Literature winner Wole Soyinka poses for a portrait in Johannesburg on April 4, 2024. But it was grand when one after the other (African Nobel winners) began to come in. WS: If Branson came now and said, I’ve found space for you, I would terminate this interview right now.
Persons: Nigeria CNN — Wole Soyinka, , Soyinka, CNN’s Larry Madowo, Larry Madowo, it’s, Wole Soyinka, MARCO LONGARI, Mrs, Ransome Kuti, Fela Kútì’s, Wole, PIUS UTOMI EKPEI, Sani Abacha, would’ve, Ken Saro, I’ve, Armstrong, Richard Branson, Branson, I’m Organizations: Nigeria CNN, Getty, WS Locations: Abeokuta, Nigeria, Southwestern Nigeria, Nigerian, Johannesburg, AFP, Lagos, Jose ( California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Richard Bernstein Advisors CEO is bullish on small capsRichard Bernstein, Richard Bernstein Advisors CEO, joins ‘The Exchange’ to discuss futures for small caps, how the Fed’s next moves could impact the markets, and more.
Persons: Richard Bernstein
A Republican-controlled chamber could thwart Harris’ nominees to fill out her administration and the courts, along with her legislative agenda. Top Senate Republicans told NBC News she would need their sign-off to secure votes on any judicial nominees, including for the Supreme Court. The prospect of a split Congress looms over a possible Harris win even if Democrats have a strong year and sweep every swing state. And if it’s a GOP-led Senate, Republicans would control a floor vote. Sen. Chuck Grassley, R-Iowa, would have seniority to be the next Judiciary Committee chair and said he intends to claim the position if Republicans win control.
Persons: Kamala Harris, Harris, , , Frankie Veltri, Biden, ” Sen, John Cornyn, Mitch McConnell, “ They’re, ” Cornyn, Democratic Sen, Jon Tester, “ It’s, you’ve, Nanette Barragán, ” Charlie Veltri, Frankie, Ruben, Gallego, We’ve, She’s, didn’t, Jimmy Carter, it’s, John Thune, Sen, Chuck Grassley, “ I’m, Richard Blumenthal, Conn, Merrick Garland, Barack Obama’s, Blumenthal, Sheldon Whitehouse, they’d, Henry Wade, he’s, ” Louis Olivas, he’s “, “ she’s, ” “ They’re, ” Olivas, Sahil Kapur, Alex Tabet Organizations: Republican, Top, Republicans, NBC News, Supreme, GOP, Senate, Democratic, Pentagon, Republican Party, City Locations: Montana, Goodyear , Arizona, Texas, — West Virginia, Florida, Arizona, Iowa, Maricopa , Arizona, Tempe , Arizona, Washington, Phoenix
Indexes rallied to record highs as investors cheered Wednesday's rate cut from the Fed. Jobless claims reinforced the Fed's message of a strong labor market, with last weeks's claims down 12,000. AdvertisementMajor stock indexes surged to record highs on Thursday, a day after a jumbo rate cut from the Federal Reserve. On Wednesday, the Fed cut interest rates for the first time in four years, slashing its benchmark rate by 50 basis points. The Fed's dot plot shows the central bank will likely cut another 50 basis points this year and 100 basis points next year.
Persons: , Dan Ives, Ives, Jerome Powell, Powell, Richard Bernstein Organizations: Fed . Tech, Nvidia, Meta, Service, Federal Reserve, Dow Jones Industrial, Nasdaq, Broadcom, ASML, Labor Department, Treasury, Fed, Trump Media Locations: Here's
On the positive side, Wharton professor Jeremy Siegel called the decision the "best news" the Fed has offered in years. He said the Fed "moved too fast" with its 50-point cut. This is unusual, since investors will typically snap up these assets after a rate cut. Related storiesSome on Wall Street noted that the Fed's decision to cut beyond 25 basis points was essentially a signal that the central bank is moving past inflation. To Contopoulos point, this may be premature, as August's consumer price index report still stood above the 2% inflation target.
Persons: , Wharton, Jeremy Siegel, Michael Contopoulos, Bernstein, Contopoulos, Powell, Narayana Kocherlakota Organizations: Service, Business, Bernstein Advisors, CNBC, Wall, University of Rochester
Read previewDomantas Katelė, an official in Lithuania's Ministry of Social Security and Labour, is widely known as his country's "Gen Z" minister. AdvertisementThe World Happiness Report backs up his claim, ranking Lithuania as the happiest place in the world for those under 30 earlier this year. AdvertisementIt seems paradoxical: How can a country be great for young people while also being Europe's suicide capital? Užupis, a small district alongside the Vilnia River, is popular with Vilnius' young, bohemian crowd. AdvertisementDomantas Katelė is often referred to as the "Gen Z" minister.
Persons: , Z, it's, Joshua Nelken, Zers, Adriana Doroškevičiūtė, Richard Bogu, It's, Bogu, Antanas Grižas Organizations: Service, Lithuania's Ministry of Social Security, Labour, Business, Union, Lithuania, European Union, Data, BI, Soviet Bloc Locations: Lithuania, Vilnius, Soviet Union, Europe, Old, Užupis, Soviet
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRichard Bernstein's Michael Contopoulos says Fed rate cut could risk reaccelerating inflationRichard Bernstein's Michael Contopoulos joins the 'Fast Money' traders with reaction to today's Federal Reserve rate decision.
Persons: Richard Bernstein's Michael Contopoulos Organizations: Federal
WASHINGTON — Congress is considering boosting funding for the Secret Service after what the FBI called an apparent second attempt on former President Donald Trump’s life in 10 weeks. "Nobody's going to want to deny the Secret Service the funding that it needs as long as it justifies it." And Sen. Tim Kaine of Virginia, the 2016 Democratic vice presidential nominee, agreed that both parties would be "very amenable" to any Secret Service funding request. Trump's Secret Service detail on Sunday thwarted what the FBI characterized as a second apparent assassination attempt on him while he was golfing at his club in West Palm Beach, Florida. “One thing I want to make clear, the Secret Service needs more help.
Persons: Donald Trump’s, they’re, protectees, Chuck Schumer, ” Sen, Susan Collins, Ron Rowe, Trump, Collins, Sen, Tommy Tuberville, Mike Johnson, Johnson, Ron Johnson, “ That’s, , Jack Reed, Tim Kaine, Ryan Wesley Routh, Routh, Joe Biden, God ”, Biden, Lindsey Graham, Graham, Richard Blumenthal, Conn, he’s, “ We’re Organizations: WASHINGTON, Service, FBI, Republican, Committee, Fox News, Trump, Homeland Security Committee, Secret, Homeland Security, Senate Armed Services, NBC News, Democratic, AK Locations: WASHINGTON —, Maine, Virginia, West Palm Beach , Florida
Read previewUma Moriarity, a senior investment strategist at a real estate investment firm based outside of Philadelphia, is feeling better about deal-making in commercial real estate. A reduction in the Fed's benchmark rate would bring relief to the $22.5 trillion US commercial real estate market, which was shaken by a series of interest rate increases beginning in March 2022. AdvertisementThe increases diminished commercial property values, raised mortgage defaults, and triggered the sector's worst downturn since the financial crisis more than 15 years ago. "We're looking at a very good 2025 and beyond," Mark Rose, the CEO of the real estate services firm Avison Young, said. "Commercial property prices have increased over the past few months as bond yields have declined," Peter Rothemund, the co-head of strategic research at Green Street, said in the firm's recent property pricing report.
Persons: , Uma Moriarity, Moriarty, Mark Rose, Avison Young, Richard Barkham, We've, Fitch, CMBS, Peter Rothemund, Alan Todd, Todd, CLO Organizations: Service, Federal Reserve, Business, CenterSquare Investment Management, Green, Mortgage, Association, Bank of America, Bank of America Securities Locations: Philadelphia, Trepp
“We are going to bring so many auto plants into our country,” Trump said. While the apparent assassination attempt on Sunday featured in his remarks frequently, Trump often sought to keep the town hall-style event focused on the auto industry and tariffs in particular. Vice President Kamala Harris’ campaign has said Trump’s proposed tariffs would effectively amount to an inflation-driving national sales tax. He also broke down the apparent assassination attempt, and its aftermath — including phone calls with Harris and Biden. Praise for Secret ServiceTrump said the Secret Service “did a hell of a job, they really did,” in stopping Sunday’s apparent attempted assassination.
Persons: Donald Trump, , ” Trump, Shawn Fain, Joe Biden’s, Trump, they’re, Kamala Harris ’, Harris, “ We’re, Elon Musk, Biden, Flint Trump, Sarah Huckabee Sanders, Biden “, wasn’t, , Kamala, We’re, ” Harris, Secret Service Trump, Sunday’s, they’ve, Democratic Sen, Richard Blumenthal, Republican Sen, Josh Hawley, ” Hawley, , ” CNN’s Alejandra Jaramillo, Ebony Davis, Morgan Rimmer, Danya Gainor Organizations: CNN, Trump, Palm, , United Auto Workers, , Arkansas Gov, White House, National Association of Black Journalists, Secret Service, Service, Democratic, Senate Homeland, Department of Homeland, Republican, DHS Locations: Michigan, China, Mexico, Palm Beach, Flint, , United States, Philadelphia, Butler , Pennsylvania, Missouri
Honolulu (AP) — Investigators reviewing the emergency response to last year’s wildfire that killed 102 people on Maui said in a report released Friday they found “no evidence” Hawaii officials made preparations for it, despite days of warnings that critical fire weather was coming. The Hawaii Emergency Management Agency didn’t immediately respond with comment. Maui fire commanders discussed the forecast, but “no evidence of pre-event preparedness plans by the MFD were produced,” the report said. Maui County and the state use private contractors to help fight fires with water tankers and heavy equipment. And despite the warnings, the heads of the county emergency management agency and the Maui Fire Department were off-island that day, attending conferences in Honolulu.
Persons: , Anne Lopez, Maui’s, Richard Bissen, Hawaii Emergency Management Agency didn’t, weren’t, Firefighters, ” Derek Alkonis Organizations: — Investigators, National Weather Service, Hawaii Emergency Management Agency, Maui Fire Department, Maui Police, Hawaiian Electric Co, Firefighters, Fire Safety Research Institute, Maui Police Department Locations: Honolulu, Maui, Hawaii, Lahaina, State, Maui County, West Maui
Gunmen killed 14 people in a Shiite-majority area in central Afghanistan, the Taliban said Friday, in one of the deadliest attacks in the country this year. A machine gun was used in the assault, the ISIS group said. The U.N. mission in Afghanistan said the attack resulted in numerous deaths and injuries to members of the Shiite community. A U.N.-appointed rights expert for Afghanistan, Richard Bennett, said he was alarmed by the spate of IS-claimed attacks. The “appalling killings” of Shiite Hazara bore the hallmarks of international crimes, said Bennett, whom the Taliban have barred from Afghanistan.
Persons: IRNA, Nasser Kanaani, Zabihullah Mujahid, Thursday’s, ” Mujahid, Richard Bennett, Bennett Organizations: Islamic, ISIS Locations: Afghanistan, Ghor, Iranian, Iraq, Kabul, Badakhshan, Hazara
That research, published in the journal Nature, overturned a century-old idea that the stone came from current-day Wales. The Altar Stone, the largest of the bluestones used to build Stonehenge, lies at the heart of the ancient monument in southern England. “The Altar Stone is anomalous in many ways to both the bluestones and the sarsens at Stonehenge,” Bevins said. But discovering that Wales was unlikely to be the origin site for the Altar Stone was a game changer, Bevins said. The researchers compared their findings with samples from the Altar Stone and found no mineralogical connection between the rocks.
Persons: Nick Pearce, , Richard Bevins, ” Piecing, ” Bevins, Bevins, Paul Williams, Stenness, T Schaeffer, Organizations: CNN, Archaeological Science, Aberystwyth University “, UK’s Aberystwyth University, Aberystwyth University Locations: Scotland, Wales, Orkney, England, Orkney’s, Aberystwyth, Wiltshire, Salisbury, Woods, Marlborough, Preseli, British, Orkney's, Shetland, Caithness, Sutherland, Inverness, Aberdeenshire, Britain
Six years later, sports betting has exploded across the United States, as 38 states have legalized it. The bill addresses three key areas tied to sports betting: advertising, affordability and artificial intelligence. It would mandate gambling operators ensure customers who wager more than $1,000 can afford to do so. "The gambling industry is following a playbook developed by the tobacco industry and this is a direct threat to public health," said Richard Daynard, a law professor and president of the Public Health Advocacy Group at Northwestern. The sports betting operators, meanwhile, are fighting back and saying the industry has brought benefits.
Persons: Sen, Richard Blumenthal, Paul Tonko, Conn, Tonko, It's, Gordon Douglas, he's, Andrew Douglas, Douglas, Blumenthal, Richard Daynard, Chris Cylke, Clyke, Dina Titus, — CNBC's Contessa Brewer Organizations: U.S, Capitol, Sports, American Gaming Association, National Institutes of Health, National Council, Public Health, Northwestern, American Gaming Association's Locations: Washington ,, United States, U.S
Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth's surface. Pete Johnson, CEO and co-founder of Koloma, told CNBC that geologic hydrogen is fundamentally an exploration and production business. A primary energy source, such as coal, oil, wind or solar, refers to a natural energy source that has not been altered or converted. It's within this context that momentum has been growing over the potential of geologic hydrogen. Ellis said that just a small percentage of geologic hydrogen recovery might well be enough to supply all the projected demand for 200 years.
Persons: Bill Gates, Jeff Bezos, Pete Johnson, Koloma, Ray Dalio, Virgin Group's Richard Branson, Alibaba's Jack Ma, Koloma Koloma's Johnson, there's, Johnson, Alex Halada, Geoffrey Ellis, Ellis Organizations: Geological Agency of, Ministry of Energy, Mineral Resources, Nurphoto, Getty, CNBC, Khosla Ventures, Fund, United Airlines, Breakthrough Energy Ventures, Bridgewater Associates, Rystad Energy, Afp, Energy Resources Program, . Geological Survey Locations: Pute Jaya, Morowali Regency, Central Sulawesi Province, Indonesia, U.S, Denver , Colorado, Canada, Australia, France, Spain, Colombia, South Korea, Russia, Ukraine, Germany
Read previewSpaceX just launched four people on its most daring human spaceflight yet, a mission called Polaris Dawn. Jared Isaacman, mission commanderJared Isaacman at SpaceX in Hawthorne, California. Anna Menon, mission specialist and medical officerAnna Menon is Polaris Dawn's mission specialist and medical officer. Before joining SpaceX, Menon worked at NASA and helped oversee International Space Station operations as a biomedical flight controller. Scott "Kidd" Poteet, mission pilotScott "Kidd" Poteet is the pilot of the Polaris Dawn mission.
Persons: , They're, Jared Isaacman, bankrolling, SpaceX's, Isaacman, Richard Branson, Jeff Bezos, He's, he's, Jude Children's, Jude, it's, Monica Isaacman, Sarah Gillis, John Kraus, Gillis, Joe Tanner, Tanner, She's, Lewis, Polaris Dawn, Anna Menon, Joe Skipper, Menon, Anil, James, Grace, Anna, Scott, Kidd, Poteet, Scott Poteet Organizations: Service, SpaceX, NASA, Apollo, Business, Draken, Messaging, Polaris, St, Jude Children's Research Hospital, Hubble, New York, Polaris Program, Denver Post, Space, Jude Children's Research, Reuters, he's, US Air Force, US Air Force's Thunderbirds, Spectrum News, Air Force, Polaris Dawn, UNH Locations: Hawthorne , California, Shift4, New Jersey, Boulder , Colorado, Houston, Space City, Monument , Colorado
Rich Bernstein on rate cuts: The Fed will be 'out of step'
  + stars: | 2024-09-10 | 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 EmailRich Bernstein on rate cuts: The Fed will be 'out of step'Rich Bernstein, Richard Bernstein Advisors CEO, joins 'Power Lunch' to discuss the broadening of the market and the Fed's next moves.
Persons: Rich Bernstein, Richard Bernstein
Read previewIt was probably the most noteworthy thing to come out of Kamala Harris' much-anticipated CNN interview late last month: The Vice President, if elected, pledged to appoint a Republican to her Cabinet. "It may be difficult to find a rational, sane person who still identifies as a Republican" that would agree to serve in Harris' cabinet, Sen. Richard Blumenthal of Connecticut quipped. "There are a lot of Republicans that I think are capable of assuming Cabinet positions," Rep. Jim McGovern of Massachusetts said. "I'm not floating people's names for particular positions," Rep. Ro Khanna of California said, shortly after heaping praise on Republican Rep. Brian Fitzpatrick of Pennsylvania and former Republican Rep. Mike Gallagher of Wisconsin. Though he said Harris' pledge was a "positive step," he made clear on Tuesday that he's not interested in serving in her administration.
Persons: , Kamala Harris, Jamie Raskin, Maryland, Joe Biden, Donald Trump, Harris, Sen, JD Vance, Trump, Richard Blumenthal, Rep, Alexandria Ocasio, Cortez, Bernie Sanders, wryly, Jim McGovern, Ro Khanna, Brian Fitzpatrick, Mike Gallagher, Liz Cheney, Adam Kinzinger of, Kinzinger, Cheney, Raskin, Cheney hasn't, he'd, Tim Kaine, Barack Obama, Bill Clinton, Kaine, There's, Mitt Romney, he's, I've, Romney, I'm Organizations: Service, CNN, Republican, Business, Connecticut, Hill, Vermont, Massachusetts, Democrats, Los Angeles Times, Senate Armed Services Committee, Defense, Utah Republican, Trump Locations: Alexandria, Cortez of New York, California, Pennsylvania, Wisconsin, Wyoming, Adam Kinzinger of Illinois, Harris, Virginia
When researching the properties, he confirmed their tax status as short-term rentals on the county site. Jason Gobey, another short-term rental owner, told BI he researched and spoke to real-estate agents as well as others before buying his one-bedroom condo in Kihei in 2019. He also said he confirmed the property's tax status as a short-term rental and had no idea there could be an issue with it. Though some of the Minatoya List properties will likely be converted to long-term rentals, Church said it is not financially feasible for him. But the benefit of adding the Minatoya List properties to the housing stock is that they are already built.
Persons: , Andrew Church, Mario Tama, Richard Bissen, Church, Jason Gobey, Gobey, Smith, Justin Tyndall, Tyndall, that's, it's Organizations: Service, Business, Church, Owners, Maui, Maui Planning, University of Hawaii Locations: Maui, Lahaina, Barcelona, New York City, South Maui, West Maui, Kihei, Arizona, Manoa
Read previewA US senator who recently visited Ukraine has issued a call for retired F-16 pilots to join Kyiv's air force, where they can fly the American-made aircraft in a "fight for freedom" against Russia. AdvertisementA Ukrainian F-16 is seen on the ground at an undisclosed location in Ukraine on August 4. "If you're a retired F-16 pilot and you're looking to fight for freedom, they will hire you here," the South Carolina senator said at a press conference during his visit to Ukraine. "They're going to look throughout NATO nations for willing fighter pilots who retired to come help them until they can get their pilots trained." AdvertisementA Ukrainian F-16 takes off from an undisclosed location.
Persons: , Senators Lindsey Graham, Richard Blumenthal, Volodymyr Zelenskyy, Zelenskyy, Ukraine didn't, Graham, Blumenthal, Biden Organizations: Service, Russia, Senators, NATO, Business, REUTERS, US Air Force, South Carolina, Kyiv Locations: Ukraine, Russia, Washington, America
CNN —It is another coin-flip in a conflict punctuated with at least annual reminders of how frail Vladimir Putin’s Russia truly is. It is purposefully unclear exactly where Ukraine’s forces are. It is also unclear where Ukrainian forces are digging in and where they are just racing through. This time it is Putin’s own FSB, who couldn’t keep control of the borders, in Putin’s war of choice. Residents of an apartment building damaged after shelling by the Ukrainian side stand near the building in Kursk, Russia, on Sunday.
Persons: Vladimir Putin’s, Kyiv’s, Wagner, Oleksandr Syrskyi, , , Lindsey Graham, Richard Blumenthal, Yevgeny Prigozhin’s, Putin, Andrew Kravchenko, Alexei Smirnov, it’s, he’s, Valery Gerasimov, Joseph Stalin, insurgencies, Putin’s, egotistically, Volodymyr Zelensky, Russia’s Putin, , Zelensky, Ukraine’s Organizations: CNN, Kyiv, Kremlin, Armed Forces of, Bloomberg, Getty, Manpower, Residents, AP Locations: Vladimir Putin’s Russia, Kharkiv, Kyiv, Russia, Ukraine, Kursk, Rostov, Moscow, Lgov, Armed Forces of Ukraine, Donbas, Pokrovsk, Ukrainian
Federal authorities are investigating how banks reimburse consumers who are scammed on Zelle. Zelle says it should fall on law enforcement to stop the scammers. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementScams on payment apps like Zelle are getting so out of hand that federal authorities are starting to investigate.
Persons: , JP, Wells Fargo, Zelle —, Sen, Richard Blumenthal, Blumenthal Organizations: Service, Consumer Financial Protection Bureau, JP Morgan, Bank of America, Investigations, Business Locations: Zelle
Consumers and small businesses sent $806 billion across 2.9 billion Zelle transactions in 2023, both up 28% from 2022. Consumers reported losing $210 million to scams across all payment apps in 2023, according to data from the Federal Trade Commission. The new bill aims to amend the law to make banks more liable for all financial transactions, whether they're authorized or unauthorized. AdvertisementOver 99.95% of all Zelle transactions in 2023 were completed without instances of fraud, according to Zelle. In the meantime, the Protecting Consumers from Payment Scams Act will go to the Committee on Banking, Housing, and Urban Affairs for review.
Persons: , JPMorgan Chase, PayPal —, Maxine Waters, Sen, Richard Blumenthal, Elizabeth Warren, Waters, Zelle, Blumenthal, Wells Fargo, Wells, Cameron Fowler Organizations: Service, Bank of America, JPMorgan, Business, PayPal, Consumers, Federal Trade Commission, Rep, Homeland Security, Governmental Affairs, Investigations, Blumenthal, Services, Warning Services, SEC, Consumer Financial, Banking, Housing, Urban Affairs Locations: Zelle, Wells Fargo, jtowfighi@businessinsider.com
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket rotation makes 'fundamental sense,' says Bernstein's Dan SuzukiDan Suzuki, deputy chief investment officer at Richard Bernstein Advisors, joins CNBC's 'The Exchange' to discuss the fundamentals behind the market selloff, how to position, and more.
Persons: Bernstein's Dan Suzuki Dan Suzuki, Richard Bernstein Organizations: Richard, Richard Bernstein Advisors
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