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☆ G.O.P. Blocks Contraception Bill in Senate as Democrats Seek Political Edge
▼ + stars: | 2024-06-05 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

Senate Republicans on Wednesday blocked action on legislation to codify the right to contraception access nationwide, a bill Democrats brought to the floor to spotlight an issue on which the G.O.P. is at odds with a vast majority of voters. All but two Republicans present — Senators Lisa Murkowski of Alaska and Susan Collins of Maine — voted against advancing the legislation. “This should be an easy vote,” Senator Patty Murray, Democrat of Washington, said on the Senate floor ahead of the vote. “It almost shouldn’t be necessary.”But Ms. Murray said that Republican lawmakers have made it so by seeking to advance anti-abortion legislation that could limit access to contraceptives like Plan B and IUDs.

Persons: Lisa Murkowski, Susan Collins, Maine —, Patty Murray, Murray Organizations: Democrat, Republican Locations: Alaska, Washington

☆ These 38 GOP senators just voted against protecting contraception. Here's why.
▼ + stars: | 2024-06-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Read previewThe Senate failed on Wednesday to advance a bill designed to protect access to contraceptives nationwide. Just two Republican senators — Susan Collins of Maine and Lisa Murkowski of Alaska — voted with Democrats to advance the bill. Advertisement"Do people really think that even a significant minority of the Republican conference is against access to contraception?" AdvertisementBut still — if Republicans aren't against contraception, why won't they just vote for the bill? Glenn Youngkin of Virginia vetoed a bill to protect access to contraception, arguing that it violated principles of religious freedom.

Persons: —, — Susan Collins of, Lisa Murkowski, Alaska —, Chuck Schumer, Republican Sen, Thom Tillis, — Schumer, it's, Tillis, Griswold, Roe, Wade, Clarence Thomas, They've, James Lankford, Lankford, Sen, Rick Scott of, Glenn Youngkin, John Barrasso of, John Barrasso of Wyoming Marsha Blackburn of Tennessee John Boozman, Arkansas Ted Budd of, Carolina Shelley Moore Capito, West Virginia Bill Cassidy, Louisiana John Cornyn, Texas Tom Cotton, Arkansas Kevin Cramer of, Arkansas Kevin Cramer of North Dakota Mike Crapo, Idaho Ted Cruz of, Idaho Ted Cruz of Texas Steve Daines, Montana Joni Ernst, Iowa Deb Fischer, Nebraska Chuck Grassley, Josh Hawley, Missouri John Hoeven of, Missouri John Hoeven of North Dakota Cindy Hyde, Smith, Mississippi Ron Johnson, Wisconsin James Lankford, Oklahoma Mike Lee, Utah Cynthia Lummis, Wyoming Roger Marshall of Kansas Mitch McConnell, Kentucky Markwayne Mullin, Oklahoma Rand Paul of Kentucky Pete Ricketts, Nebraska Jim Risch, Idaho Mike Rounds, South Dakota Marco Rubio, Eric Schmitt, Missouri Rick Scott, Florida Tim Scott of, Florida Tim Scott of South Carolina John Thune of, Florida Tim Scott of South Carolina John Thune of South Dakota Thoms Tillis, North Carolina Tommy Tuberville, Alabama Roger Wicker, Mississippi Todd Young, Mike Braun, Indiana Katie Britt, Alabama Lindsey Graham of, Alabama Lindsey Graham of South Carolina Bill Hagerty, Tennessee John Kennedy, Louisiana Jerry Moran of, Louisiana Jerry Moran of Kansas Mitt Romney, Utah Dan Sullivan, Alaska JD Vance, Ted Budd Organizations: Service, Nine Republicans, Democratic, Republican, Business, Republicans, GOP, Oklahoma Republican, Democrats, Republican Gov, Arkansas Kevin Cramer of North, Nebraska, Kentucky, Oklahoma, South, Florida Tim Scott of South Carolina John Thune of South Dakota, North, Alabama Lindsey Graham of South Locations: — Susan Collins of Maine, Alaska, North Carolina, . Connecticut, James Lankford of Oklahoma, Oklahoma, Rick Scott of Florida, Virginia, John Barrasso of Wyoming, Arkansas, West, Louisiana, Texas, Arkansas Kevin Cramer of North Dakota, Idaho, Idaho Ted Cruz of Texas, Montana, Missouri, Missouri John Hoeven of North Dakota, Mississippi, Wisconsin, Utah, Wyoming, Nebraska, South Dakota, Florida, Florida Tim Scott of South Carolina, Florida Tim Scott of South Carolina John Thune of South, Alabama, Indiana, Alabama Lindsey Graham of South Carolina, Tennessee, Louisiana Jerry Moran of Kansas, Ohio

☆ Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
▼ + stars: | 2024-05-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

"I think the message that's coming through is that they have no idea what's going on," Howard said on CNBC's "Squawk Box Europe" on Wednesday. Fed Governor Christopher Waller on Tuesday said that he needed to see further data evidence that inflation was softening before supporting rate cuts. Waller's comments were echoed by other Fed officials on Tuesday, including Boston Fed President Susan Collins. 'A credibility problem'But Fed officials have not come out with a clear message about their expectations or to address why inflation remains elevated, GAM's Howard said. "And now [policymakers] think inflation is coming down but its not coming down fast enough," he said.

Persons: Valerie Plesch, Julian Howard, Howard, Christopher Waller, Waller's, Susan Collins, GAM's Howard, They've Organizations: Eccles Federal, Bloomberg, Getty, Federal, GAM, Fed, Peterson Institute for International Economics, Boston Fed, Atlanta Federal Reserve Locations: Washington , DC, U.S, Washington

☆ Stock market today: Indexes slip as traders await Nvidia's earnings report
▼ + stars: | 2024-05-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks traded lower as investors waited for Nvidia's first-quarter earnings report after the close. Investors also took in comments from Fed officials, which suggested rate cuts weren't imminent. AdvertisementUS stocks slid lower on Wednesday as traders took looked ahead to Nvidia's highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. All three benchmark indexes traded lower, while bond yields ticked higher. Markets have been dialing back their expectations for Fed rate cuts all year.

Persons: Nvidia's, —, Susan Collins, Loretta Mester Organizations: Investors, Service, Federal Reserve, Treasury, Nvidia, Bloomberg, Boston, Cleveland Fed, Fed, Here's

☆ U.S. Treasury yields rise as investors weigh Fed speaker comments
▼ + stars: | 2024-05-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

ET, the 10-year Treasury yield was up by over two basis points to 4.4374%. The 2-year Treasury yield was last at 4.8626% after rising by nearly three basis points. U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve speakers about the outlook for inflation and interest rates. A series of Fed officials on Tuesday urged patience when it comes to rate cuts as inflation remains above the Fed's 2% target. On Wednesday, further Fed officials are set to give remarks and minutes from the central bank's latest meeting are due to be released.

Persons: Christopher Waller, Susan Collins, Raphael Bostic Organizations: U.S, Treasury, Federal Reserve, Boston Fed, Atlanta Fed

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

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

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

☆ Stock market today: Indexes trade mixed as Nvidia-led momentum takes a break ahead of earnings
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stock trades fell flat as investors take a breather ahead of Nvidia's earnings. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe latest rally in stocks faltered Tuesday morning, with investors stepping back ahead of Nvidia's upcoming earnings report and further communications from Federal Reserve officials. Tuesday will also be saturated with speakers from the Federal Reserve, whose comments could provide insight into monetary policy.

Persons: —, Dow, Jamie Dimon, David Morrison, Thomas Barkin, Christopher Waller, John Williams, Raphael Bostic, Susan Collins, Loretta Mester Organizations: Fed, Service, Federal Reserve, Nasdaq, Alto Networks, Urban Outfitters, Toll, Trade Nation Locations: Here's

☆ Wealthy Americans are starting to spend more carefully
▼ + stars: | 2024-05-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

A robust stock market coupled with rising home values have boosted Americans’ wealth from 2019 through 2022, according to a Federal Reserve report on household finances. There’s been some evidence of wealthy Americans growing cautious in the latest round of company earnings results. Federal Reserve officials Michael Barr, Christopher Waller, Philip Jefferson and Raphael Bostic deliver remarks. Federal Reserve officials Christopher Waller, John Williams, Raphael Bostic, Michael Barr, Loretta Mester and Susan Collins deliver remarks. The Federal Reserve release minutes from its May policymaking meeting.

Persons: they’ve, “, ” Nanette Abuhoff Jacobson, There’s, ” Jonathan Akeroyd, Moet, The Beverly Hilton, Michael Kovac, LVMH Moët Hennessy Louis Vuitton, ”, Jacobson, ’ Ariel Barnes, Barnes, ” Barnes, Baby Boomer, Xers, Matt Egan, Read, Michael Barr, Christopher Waller, Philip Jefferson, Raphael Bostic, John Williams, Loretta Mester, Susan Collins, Robin, Ralph Lauren, Booz Allen Hamilton, Buckle Organizations: CNN Business, Bell, Washington CNN, Federal, Fed, Hartford Funds, CNN, Burberry, The Beverly, The Beverly Hilton Hotel, Walmart, Royal Caribbean Cruises, Jackson State University, Federal Reserve Bank of New, Palo Alto Networks, Urban Outfitters, NVIDIA, National Statistics, National Association of Realtors, Reserve, Intuit, US Labor Department, Chicago Fed, Global, US Commerce Department, Atlanta Fed, Booz, University of Michigan Locations: Washington, British, Americas, Beverly Hills , California, Jackson , Mississippi, Federal Reserve Bank of New York, Palo, Ross, Burlington

☆ Ted Cruz, Better Known For Derailing Bills, Tries on a New Hat: Legislator
▼ + stars: | 2024-05-10 | by ( Kayla Guo | ) www.nytimes.com time to read: +1 min

Senator Ted Cruz is rebranding — at least for now. But for the first time this week, Mr. Cruz, now the senior Republican on the Commerce Committee, embraced a wholly unfamiliar role: managing a major piece of legislation on the Senate floor. It came as Mr. Cruz, who is running for re-election in November, is trying to moderate his reputation in Texas and present himself as capable of bipartisanship. That involved protecting the package from the sort of legislative and procedural bombs he has lobbed proudly throughout his career. “I will admit that I’ve had a couple of chuckles about it,” Senator Susan Collins of Maine, the top Republican on the Appropriations Committee, said with a smile.

Persons: Ted Cruz, Cruz, “, I’ve, Susan Collins of Organizations: Texas Republican, Affordable, Republican, Commerce, Federal Aviation Administration Locations: Texas, Susan Collins of Maine

☆ 10-year Treasury yield rises as investors consider remarks from Fed officials
▼ + stars: | 2024-05-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields were higher on Thursday as investors considered remarks from Federal Reserve officials, scanning them for hints about the interest rate outlook. Collins' comments echoed those made by Minneapolis Fed President Neel Kashkari and Richmond Fed President Tom Barkin earlier in the week. More Fed officials are set to speak on Thursday and Friday. Elsewhere, the Bank of England is due to announce its latest interest rate decision on Thursday. The BoE is widely expected to leave interest rates unchanged, but investors will be scanning Governor Andrew Bailey's statement for hints about a potential summer rate cut.

Persons: Susan Collins, Collins, Neel Kashkari, Tom Barkin, BoE, Andrew Bailey's Organizations: Treasury, Federal Reserve, Boston, Wednesday, Minneapolis, Richmond Fed, Fed, Bank of England

☆ Dollar holds its ground as key inflation data looms
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +2 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. Japan's top currency diplomat Masato Kanda on Thursday reiterated a warning that Tokyo is ready to take action in the currency market. The dollar index rose to 0.05% to 105.55, while the Japanese yen was mostly flat at 155.59 per greenback. The BOE is likely to take another step towards its first interest rate cut in four years as inflation falls.

Persons: Masafumi Yamamoto, Masato Kanda, Susan Collins, Sterling, BOE, bitcoin Organizations: Federal Reserve, Bank of, Mizuho Securities, Traders, PPI, Fed Bank of Boston, European Central Bank Locations: Buenos Aires, Argentina, Japan, U.S, United States, Tokyo, —

☆ Dow futures are little changed after index notches longest winning streak since December: Live updates
▼ + stars: | 2024-05-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures sat near flat Tuesday night after the blue-chip average clinched its longest winning streak since December. S&P 500 futures and Nasdaq 100 futures also both traded near flat. The Dow ticked higher by nearly 0.1% and posted its fifth positive session, which marks its longest winning run going back to December. The S&P 500 also inched up by about 0.1%, while the Nasdaq Composite slipped 0.1%. Nearly 85% of S&P 500 corporations have already shared quarterly results this earnings season.

Persons: Reddit, Dow, Adam Crisafulli, Uber, Philip Jefferson, Susan Collins, Lisa Cook Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Wynn Resorts, Treasury, Disney, Vital, AMC, Traders, Federal, Boston

☆ Surging inflation fears sent markets tumbling and Fed officials scrambling
▼ + stars: | 2024-04-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Energy prices, which have been a major factor in the past two months' inflation readings, pushed higher on signs of further geopolitical turmoil. Minutes released Wednesday from the March Fed meeting showed officials were concerned about higher inflation and looking for more convincing evidence it is on a steady path lower. Sticky price CPI entails items such as housing, motor vehicle insurance and medical care services, while flexible price is concentrated in food, energy and vehicle prices. "If that's the case, you would require a decent amount of unemployment to get inflation all the way to 2.0%." That's why Furman and others have pushed for the Fed to rethink it's determined commitment to 2% inflation.

Persons: Spencer Platt, —, Stocks, Jason Furman, We've, Israel, Jim Paulsen, Wells, Substack, Paulsen, Furman, Barack Obama, Jamie Dimon, John Williams, Susan Collins, it's, Larry Fink Organizations: Getty, Investors, Dow Jones, CNBC, of Economic Advisers, New York Fed, National Federation of Independent Business, Labor Department, JPMorgan, University of Michigan's, Boston, Commerce, CPI, Citigroup, Fed, Atlanta Fed, Dallas Fed, Harvard, BlackRock Locations: Manhattan, New York City, Iran, Israel

☆ The Fed might not be done raising interest rates just yet
▼ + stars: | 2024-04-11 | by ( Elisabeth Buchwald | Bryan Mena | ) edition.cnn.com time to read: +6 min

Inflation slowed substantially in 2023 as the Fed lifted rates to nearly a quarter-century high and held them at that level since July. Still, most Fed officials have signaled that they plan to cut rates this year if the economy evolves as expected. And if the inflation situation worsens even further, the Fed may even have to consider raising rates. Like Bowman and Kashkari, New York Fed President John Williams said rate hikes aren’t part of his baseline outlook. The timing of that first rate cut is critical because if the Fed cuts too soon, it risks locking in inflation at a high level.

Persons: hasn’t, Michelle Bowman, Neel Kashkari, Bowman, John Williams, he’s, ” Williams, Williams, Jerome Powell, Susan Collins, ” Collins, Powell, Larry Summers, ” Summers, Summers, Goldman Sachs, ” Organizations: CNN, Wall, Federal Reserve, ” Minneapolis, Kashkari , New York Fed, Boston, CPI, Bloomberg, UBS, Barclays, Bank of America Locations: Kashkari , New

☆ Lisa Murkowski, done with Trump, won’t rule out leaving GOP
▼ + stars: | 2024-03-24 | by ( Manu Raju | ) edition.cnn.com time to read: +3 min

ET and 11 a.m. ET.Sen. Lisa Murkowski, aghast at Donald Trump’s candidacy and the direction of her party, won’t rule out bolting from the GOP. “I wish that as Republicans, we had … a nominee that I could get behind,” Murkowski told CNN. “I certainly can’t get behind Donald Trump.”The party’s shift toward Trump has caused Murkowski to consider her future within the GOP. As the tea party rose in 2010, Murkowski was at sharp odds with the insurgent right-wing of her party. In the 2024 cycle, Murkowski – along with Republican Sen. Susan Collins of Maine – offered a late endorsement of former South Carolina Gov.

Persons: Sen, Lisa Murkowski’s, Manu Raju ”, Lisa Murkowski, aghast, Donald Trump’s, Trump, “, ” Murkowski, Donald Trump, Murkowski, Let’s, Murkowski hasn’t, Frank Murkowski, George W, Bush –, Ted Stevens, John McCain’s, Sarah Palin, Republican Joe Miller, Brett Kavanaugh, Ketanji Brown Jackson, Mitch McConnell, Republican Sen, Susan Collins, Maine –, Nikki Haley, ” Organizations: GOP, Alaska Republican, CNN, Trump, Republican, ”, Alaska Gov, Senate, Senate GOP, South Carolina Gov Locations: Alaska

That's the message from politicians who are closing in on the required number of votes needed to pass federal legislation that requires AM radios in every new car. The prevalence of AM broadcast radio has dipped in recent decades as more listeners turn to options such as satellite radio and podcasts during drivetime. “The emergency alert system works on the AM spectrum - that's where people get information about emergencies,” said independent Sen. Angus King of Maine. Photos You Should See View All 60 ImagesThe drive to save AM radio comes as some carmakers are phasing the format out. AM radio is also important for highway safety information and storm and weather updates, Collins said.

Persons: ”, Sen, Angus King of Maine, “, King, Republican Maine Sen, Susan Collins, Democratic Sen, Ed Markey, Collins, ” Collins Organizations: Republican Maine, Lawmakers, U.S . House, Representatives, Senate, U.S . Department of Transportation, Democratic, Massachusetts, National Association of Farm Broadcasters Locations: PORTLAND, Maine, America, U.S

☆ Super Tuesday may underline Trump’s transformation of the GOP
▼ + stars: | 2024-03-05 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +17 min

His performance so far reflects his success at transforming the Republican Party in his image. The most important message from the primaries is the most straightforward: Trump’s coalition is the dominant faction in the GOP. Like McConnell’s announcement, the choices by GOP elected officials in the primary contest signal their acknowledgement of the party’s direction. The share of GOP elected officials who have endorsed Haley isn’t anywhere near as large as her share of the total vote. But a deeper factor also explains the imbalance in support among GOP elected officials.

Persons: Donald Trump, He’s, Ronald Reagan, Nikki Haley, –, Trump, Reagan, Bob Dole, George W, Bush, Mitt Romney, Whit Ayres, Democrat Grover Cleveland, Republican Benjamin Harrison, ” Ayres, Ayres, Grover Cleveland, ” Chris Wilson, Ron DeSantis, “, ”, Gary Langer, he’s, Kyle Kondik, “ It’s, William Mayer, George H.W, George H.W . Bush, Democrat Al Gore, Haley, Dwight Eisenhower, Sen, Robert Taft, Mitch McConnell, Haley isn’t, Chris Sununu, Susan Collins, Lisa Murkowski, Liz Cheney, Wilson, Mike Johnson, McConnell, Kevin McCarthy, Jennifer Horn, Biden, William Galston, Galston, ’, ‘, Kristen Soltis Anderson, isn’t, Eisenhower, “ Trump, ” Galston, ” Trump, Missouri GOP Sen, Eric Schmitt, wouldn’t, he’d Organizations: CNN, Republican, Republican Party, South Carolina Gov, GOP, Washington, Trump, Veteran GOP, White, Democrat, Democratic, Florida Gov, ”, ABC, University of Virginia’s Center, Politics, Northeastern University, Republican internationalists, Republicans, Chicago Council, Global Affairs, Trump’s GOP, New Hampshire Gov, South, Brookings Institution, Biden, Republican National Committee, Missouri GOP Locations: Sunday’s, Iowa , New Hampshire, South Carolina, Michigan, George H.W ., Southern, Iowa, New Hampshire, Oakland, Washtenaw, Kent, Ukraine, Trump’s, Missouri

☆ Nikki Haley picks up first Senate endorsements from Collins, Murkowski while most GOP senators line up behind Trump
▼ + stars: | 2024-03-02 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Read previewSince former President Donald Trump entered the 2024 presidential race in late 2022, his candidacy has dominated the GOP primary process, with most Senate Republicans slowly but surely falling into his camp. With Trump largely cruising toward the GOP presidential nomination ahead of Super Tuesday, he has won the endorsements of a majority of the Senate Republican Conference. Lisa Murkowski of Alaska and Susan Collins of Maine — announced that they were backing former UN ambassador Nikki Haley over Trump. AdvertisementIn a response to The Bangor Daily News, Collins said that she voted for Haley over Trump in the GOP primary, adding that Haley has "the energy, intellect, and temperament" to serve in the White House. The support from Murkowski and Collins is noteworthy, as the two lawmakers are the first GOP members from the chamber to back Haley as she continues her uphill primary campaign against Trump.

Persons: —, Donald Trump, — Sens, Lisa Murkowski, Susan Collins, Maine, Nikki Haley, Trump, Murkowski, Haley, Nikki, Collins, Ketanji Brown, Sen, Mitt Romney, Joe Biden's, Ralph Norman Organizations: Service, GOP, Republicans, Trump, Senate Republican Conference, Business, —, Maine —, Republican Party, Bangor Daily, Supreme, Republican Locations: Alaska, UN, Bangor, Murkowski, Utah, South Carolina

☆ For Trump and Biden, attention on North Carolina will linger well past Super Tuesday
▼ + stars: | 2024-03-02 | by ( Steve Contorno | Jeff Zeleny | ) edition.cnn.com time to read: +11 min

North Carolina, which Trump narrowly won in 2020, is emerging as a critical piece of Biden’s reelection strategy. It has been 16 years since Barack Obama delivered a North Carolina surprise in 2008. Former President Donald Trump gestures after speaking at the North Carolina Republican Party convention in Greensboro on June 10, 2023. She isn’t sure how much longer Republicans can hold the line in North Carolina. “Yes, we have had more growth in our urban communities, and it’s going to make North Carolina trend bluer in the future,” Anderson said.

Persons: North Carolina CNN — Donald Trump, Nikki Haley, Joe Biden, ”, Paul Shumaker, “ It’s, Haley, Kamala Harris, ” Harris, Barack Obama, Biden, Donald Trump, Chuck Burton, Sarah Reidy, Jones, Charlotte ” –, “, Trump, ” Haley, Lisa Murkowski, Susan Collins of, Will Trump, Haley’s, Harris, Peter Zay, scoff, Billy Ward, ” Trump, Susie Wiles didn’t, battlegrounds “, ” Wiles, Michael Whatley, Ronna McDaniel, Whatley, MAGA, Thom Tillis, Mark Robinson, Robinson, Roy Cooper, Ben McKeown, Anderson Clayton, ” Clayton, we’ve, ” Anderson, CNN’s Alayna Treene Organizations: North Carolina CNN, Republican, Trump, Democratic, North Carolina Republican Party, GOP, South, Biden, White, College, Duke University, University of North, Getty, Wake County Republican Party, CNN, North, North Carolina GOP, Republican National Committee, Republicans, Gov, state’s Democratic Party, Conservative, “ Locations: Raleigh, North Carolina, Michigan, “ North Carolina, Durham, Wake County, Mecklenburg County, Charlotte, Wake, Mecklenburg, –, Greensboro, Seattle, South Carolina, Alaska, Susan Collins of Maine, Carolina, University of North Carolina, Durham , North Carolina, Anadolu, GOP’s, Raleigh , North Carolina, Russia, Ukraine, Southern

☆ A little-noticed inflation report in the past could get a lot of market attention on Thursday
▼ + stars: | 2024-02-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

With markets on edge over the direction of inflation, a report Thursday that often flies under the economic radar is likely to take on more importance. The Commerce Department's measure of personal consumption expenditures prices could add to evidence that inflation is stickier than some economists and policymakers had thought. Two-year inflation breakevens, or the difference between Treasury yields and Treasury Inflation-Protected Securities, have surged in recent days. "But I think the labor market is a lot more fragile than people think. A report Wednesday confirmed that economic growth was solid to close out 2023, with fourth-quarter GDP accelerating at a 3.2% annualized pace adjusted for seasonal factors and inflation.

Persons: Mark Zandi, Zandi, shouldn't, we're, it's, —, Susan Collins, Collins, Dow Jones, Dow, Michelle Cluver, Cluver, I've Organizations: Moody's, Boston, Securities, Treasury, Fed, Labor, CPI, Dow Jones, optimist Locations: U.S

☆ Americans have racked up a trillion dollars in credit card debt. That’s actually okay
▼ + stars: | 2024-02-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Americans racked up a record amount of credit card debt in 2023, soaring past a trillion dollars. “Consumers still have a lot of money left over to be able to spend, so the credit card data is often misinterpreted,” Russell Price, chief economist at Ameriprise Financial, told CNN. According to a LendingTree analysis of more than 350,000 credit reports, the average unpaid credit card balance was $6,864 in the fourth quarter. Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior three-month period. So, while there certainly isn’t a shortage of economic hurdles bedeviling people’s budget — and credit card debt has surged — the big picture indicates that, so far, Americans (and their economy) remain healthy.

Persons: ” Russell Price, Price, haven’t, market’s, ” Gregory Daco, ” Lara Rhame, Laura, Jensen Huang, Christine Lagarde, Virgin, Michael Barr, Raphael Bostic, Susan Collins, John Williams, Papa, Austan Goolsbee, Loretta Mester, fuboTV, Christopher Waller, Mary Daly, Adriana Kugler Organizations: CNN Business, Bell, DC CNN, Workers, New York Fed, Consumers, Ameriprise, CNN, Federal Reserve Bank of New, . New York Fed, Employers, Soaring, FS Investments, Nvidia, Huawei, AMD, Microsoft, Broadcom, US Commerce Department, Central Bank, eBay, Smucker, Urban Outfitters, Global, Board, TJX, Monster Beverage, Baidu, HP, Paramount Global, Anheuser, Busch Inbev, Dell Technologies, Papa John’s, US Labor Department, National Association of Realtors, P, China’s National Bureau, Statistics, Pearson, P Global, Institute for Supply Management, University of Michigan Locations: Washington, Federal Reserve Bank of New York, ., EY, Santa Clara, Singapore, Shenzhen, China, Beijing, CAVA

☆ Sen. Chris Murphy, who helped broker the failed border security package, says it's 'worrying' that Mitch McConnell couldn't deliver more votes: 'No one is in charge over there'
▼ + stars: | 2024-02-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sen. Chris Murphy said in an interview that "no one" is leading Senate Republicans. "You can't make policy if no one is in charge," Murphy told Politico Magazine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "I just think it's really worrying that the leader of the Republican Party can't deliver more than four votes." But despite the setback, Murphy told the magazine he remained a "hopeless optimist" regarding the upper chamber.

Persons: Sen, Chris Murphy, Murphy, —, Chris Murphy of, GOP Sen, James Lankford of, Independent Sen, Kyrsten, Mitch McConnell's, That's, — Sens, Susan Collins of, Lisa Murkowski, Mitt Romney, Lankford —, McConnell, Donald Trump's, … Organizations: Republicans, Politico Magazine, Democratic, Service, Republican, GOP, Independent, Senate, Democrats, — Locations: Chris Murphy of Connecticut, James Lankford of Oklahoma, Arizona, Susan Collins of Maine, Alaska, Utah

☆ Dollar oscillates on less dovish Fed comments; China inflation data awaited
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, a person is seen holding 100, 50, and 5 US dollar bills in his hand. The U.S. dollar was trading in a tight range on Thursday as traders digested less dovish remarks from policymakers overnight and looked ahead to fresh economic data from the United States. Attention was also on inflation data out of China in the Asian morning amid concerns about deflation in the world's second-largest economy. Forecasts suggest mixed signals, with year-on-year consumer price deflation expected to have intensified in January but month-over-month prices up at the fastest pace in a year. The offshore Chinese yuan was down 0.11% to $7.2036 per dollar ahead of the data.

Persons: Susan Collins, Tony Sycamore, Sterling, Wei Liang Chang Organizations: U.S, Boston, Traders, IG, Bank of, DBS Locations: United States, China, Asia

☆ Stock futures are little changed after S&P 500 and Dow slide from record highs: Live updates
▼ + stars: | 2024-02-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

S&P 500 futures also inched down 0.1%, while Nasdaq 100 futures slipped just 0.03%. During Monday's main trading session, the S&P 500 lost 0.32%, pulling back from its record high from last week that was powered by megacap tech stocks. "There's a lot of momentum, but I'm worried about [the S&P 500 at] 20 times earnings, and that the Fed's not going to live up to [rate] cut expectations. And I don't see how we get double-digit earnings growth," Doll said on CNBC's "Closing Bell: Overtime" on Monday. On the economic front Tuesday, Wall Street will be keeping an eye out for the New York Fed's household debt and credit report for the fourth quarter.

Persons: Dow, Jerome Powell, Bob Doll, Doll, — I'm, Loretta Mester, Susan Collins, Eli Lilly, Amgen Organizations: New York Stock Exchange, Federal Reserve, Dow Jones, Nasdaq, Palantir Technologies, NXP, Crossmark, Investments, New, Cleveland Fed, Boston Fed, Boeing, Spirit, DuPont, Grill, Ford Locations: New York

But with regard to endorsements, Haley hasn’t necessarily benefited from the Trump holdouts, notably because they haven’t gone as far as to endorse her for the nomination. So while the holdouts might bother him on a personal level, they likely don’t have much influence over the Republican nomination in 2024. Senate Minority Leader Mitch McConnellMcConnell has said he has “essentially stayed out” of the GOP nomination process. 2 Republican, had endorsed Scott as a candidate for the GOP nomination. He’s in a commanding position, and I’ve said all along I’ll support the nominee,” Thune said about Trump on Wednesday.

Persons: Donald Trump, Nikki Haley, Haley, she’s, ” Haley, ”, Trump, Nikki ‘ Birdbrain ’ Haley, ” Trump, MAGA, Haley hasn’t, Chris Sununu, –, Ron DeSantis, Sen, Tim Scott of, Marco Rubio, Sarah Huckabee Sanders, Josh Hawley, Ted Cruz, Lindsey Graham of, John Barasso of, John Cornyn of, Deb Fischer, Nebraska, Mitch McConnell McConnell, McConnell, Mitt Romney, Utah Romney, Romney, hasn’t, Joe Biden, West Virginia Democratic Sen, Joe Manchin, Susan Collins of Maine Collins, Collins, John Thune of, Scott, Thune, “ I’m, I’ve, ” Thune, I’ll, Schumer, ” Sen, Joni Ernst, Iowa Ernst, Ernst Organizations: Republican, South Carolina Gov, Trump, Iowa, Donald Trump View, Republican Party, True American Patriots, New Hampshire Gov, Florida Gov, GOP, Capitol, West Virginia Democratic, John Thune of South Dakota Thune, Senate, Biden Locations: New Hampshire, “, South Carolina, Florida, Tim Scott of South Carolina, Marco Rubio of Florida , Arkansas, Josh Hawley of Missouri, Ted Cruz of Texas, Sen, Lindsey Graham of South Carolina, John Barasso of Wyoming, John Cornyn of Texas, Utah, John Thune of South Dakota, South Dakota, Iowa

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