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☆ I skip the Hamptons and head to a coastal town in Connecticut instead. It's less crowded and wonderful year-round.
▼ + stars: | 2024-11-02 | by ( Allison Tibaldi | ) www.businessinsider.com time to read: +6 min

I got fed up and started spending weekends in Madison, a coastal Connecticut town. So, I found my own "dupe" of the Hamptons about 100 miles away in New England: Madison, Connecticut. Related Video All the differences between Starbucks in Italy and the USThe town defines coastal calm, with just about everything the Hamptons has minus the crowds. Madison has plenty thanks to the Sculpture Mile, a free outdoor public art installation of museum-quality sculptures scattered around town. There's often something happening on the town greenMadison's historic town green is its leafy centerpiece.

Persons: —, I've, Madison isn't, Madison, Allison Tibaldi, RJ Julia Booksellers, I'm, Allison Tibaldi Madison, Café Organizations: Hamptons, Service, Madison, Hammonasset, Hilton, RJ Julia Booksellers, RJ Julia, Madison Cinemas Locations: Madison, Connecticut, New England, Madison , Connecticut, Italy, New York City, Long, England, Europe, Guilford

☆ Trump and Vance make anti-transgender attacks central to their campaign’s closing argument
▼ + stars: | 2024-11-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +8 min

His rally speeches now feature a spoof video mocking trans people and their place in the U.S. military. In doing so, Vance was citing conservative anger about affirmative action and other programs geared toward historically disenfranchised groups. “Why are we debating trans people’s medical care? Clips show Harris affirming her support for federal policies that allow federal prisoners access to medical care including gender-affirming hormone treatments and, potentially, transgender surgery. By the time Trump takes the stage, multiple speakers have primed the audience on the issue.

Persons: Donald Trump, Kamala Harris, ” Trump, JD Vance, Vance, ” Vance, podcaster Joe Rogan, “, Anderson Cooper, “ Allison Cooper, ” Harris, You’re, Donald Trump’s, Trump, Sarah Kate Ellis, ” Ellis, they’re, Charlotte Clymer, it’s demoralizing, Harris, ’, ”, Joe Biden, ‘ wokeism, Vivek Ramaswamy Organizations: ATLANTA, Republican, Democratic, U.S ., Trump, CNN, Fox, Gallup, GLAAD, Democrats, Biden Locations: U.S, Vietnam, Madison, It’s, California

☆ Why rich Trump backers aren’t scared of his inflationary economic agenda
▼ + stars: | 2024-10-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The last three years have upended everything about the way we expect the economy to work. But the pandemic-era inflationary period played out unlike any other in history, and wealthy people made out like bandits. And that may be because the only real inflation we’ve seen in decades was a multi-year profit bonanza for them. And that has provided a permission structure for some wealthy Trump supporters to shrug their shoulders at his inflationary economic agenda. But it won’t be the same flavor of profit-driven inflation we’ve seen over the past three years.

Persons: CNN Business ’, That’s, Donald Trump’s, “ It’s, ”, Kent Smetters, “, we’ve, ” It’s, He’s, Harris, Josh Bivens, Bivens, ” Bivens Organizations: CNN Business, New York CNN, Wall, University of Pennsylvania’s Wharton School, Trump, Wall Street Journal Locations: New York, Ukraine

☆ What Candidates in Tight House Races Are Saying About Abortion
▼ + stars: | 2024-10-31 | by ( Allison Mccann | Vivian Li | ) www.nytimes.com time to read: +10 min

At least a half-dozen Republican candidates have put out direct-to-camera ads declaring their opposition to a federal abortion ban. Anthony D’Esposito Republican, N.Y. 4 Mike Lawler Republican, N.Y. 17 Marc Molinaro Republican, N.Y. 19 Joe Kent Republican, Wash. 3 Michelle Steel Republican, C.A. What Republican candidates are saying about abortion “ I do not support a federal abortion ban. What Democratic candidates are saying about abortion “ Abortion is health care. position Rep. position Alaska At‑Large Alaska At‑Large Ariz. 1 Ariz. 1 Ariz. 6 Ariz. 6 Calif. 13 Calif. 13 Calif. 22 Calif. 22 Calif. 27 Calif. 27 Calif. 41 Calif. 41 Calif. 45 Calif. 45 Colo. 8 Colo. 8 Iowa 1 Iowa 1 Iowa 3 Iowa 3 Maine 2 Maine 2 Mich. 7 Mich. 7 Mich. 8 Mich. 8 Neb.

Persons: Roe, Wade, it’s, Josh Riley, “, Marc Molinaro, Kamala Harris, Anthony D’Esposito, Mike Lawler, Joe Kent, Michelle Steel, Juan Ciscomani, Court’s Dobbs, ”, Will Reinert, ’, Will Rollins, Lindsey Graham, Jessica Arons, Don Bacon of Nebraska, Dobbs, ” David Valadao, ” Don Bacon, ” Gabe Evans, Donald J, Trump, House Republicans —, Scott Perry, Ken Calvert, David Valadao, California —, Mariannette Miller, Meeks, Rob Bresnahan Jr, ” Gabe Vasquez, ” Rudy Salas, ” Tony Vargas, Susan B, Anthony Pro, —, Jared Golden, Golden Organizations: Republicans, Democratic, Republican, Anthony D’Esposito Republican, Mike Lawler Republican, Marc Molinaro Republican, Joe Kent Republican, Michelle Steel Republican, Juan Ciscomani Republican, Senate, National Republican Congressional, The New York Times, Times, American Civil Liberties Union, ” David Valadao Republican, ” Don Bacon Republican, U.S, Supreme, ” Gabe Evans Republican, Colo, House Republicans, Pennsylvania’s, Iowa Republican, America, District, New York Times, ., Pa Locations: New York’s, Washington, California, New York, Calif, Iowa, Pennsylvania’s 8th, Mexican, N.M, Neb, Maine’s, Maine, Alaska, ‑, Mich, Ohio, Va

☆ 'The Diplomat' season 2 finale completely shakes up Kate's bid for the vice presidency
▼ + stars: | 2024-10-31 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +8 min

A major character death at the end of "The Diplomat" season two throws a wrench into the series. Keri Russell's titular diplomat, Kate Wyler, now faces a more challenging path to the vice presidency. AdvertisementNetflix's "The Diplomat" is a blisteringly fun political drama that leans into the melodrama of international politics — and like in its first season, season two concludes with yet another cliffhanger season finale. As she unravels the conspiracy behind the aircraft attack, she also has to contend with Vice President Grace Penn (an excellent Allison Janney) showing up in London. "The Diplomat" season two is streaming in full on Netflix.

Persons: Keri Russell's, Kate Wyler, —, Debora Cahn, It's, Grace Penn, Allison Janney, Kate, Grace, Keri Russell, Margaret Roylin, Nicolas Trowbridge, Trowbridge —, Trowbridge, Hal, Roylin, Rufus Sewell, she's, William Rayburn, Janney, that's, Russell, Rolling, Grace aren't, Hal ., Joe Biden's, Rayburn, Biden, Kamala Harris, Cahn Organizations: Service, British, Golden Globe, Netflix, United, State Department, United States Locations: United States, United Kingdom, Persian, States, London, Russian, Scotland, Europe, Russia, New York

AdvertisementFor more than a decade, Big Tech companies doled out lavish perks to hire and retain a limited supply of technical talent — and some workers pushed the limits of these benefits. AdvertisementBusiness Insider interviewed tech workers and industry experts about Grubgate and the evolving relationship between Big Tech companies and staff. They also described how layoffs, efficiency drives, and tougher policy enforcement have shifted the culture at once easygoing tech companies. According to job marketplace Trueup, at least 650,000 tech workers have been cut since the start of 2023. Alongside industrywide layoffs that began in 2022, many tech companies also trimmed back the benefits on offer.

Persons: —, Meta, grifting, that's, Allison Shrivastava, it's, Googler, Mark Zuckerberg, Zuck, Patrick Mork, Wall, Mork, Dilip Rao, he's, Bruce Daisley, Daisley Organizations: Big Tech, Service, Google, Meta, US Meta, Snap, Nintendo, Twitter, YouTube Locations: Silicon Valley, Mountain View, Tupperware, US, Meta

☆ Molly Shannon says parents should change their attitude about raising teenagers
▼ + stars: | 2024-10-30 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

Raising teenagers can be tricky, but the right approach can set the stage for a strong relationship. AdvertisementMolly Shannon has a tip for parents dreading the day their kids turn into teenagers. AdvertisementAnd if parents find themselves battling with their teenagers all the time, they should reflect on their parenting, Shannon, 60, said. When asked how she parents adult kids, the "Saturday Night Live" alum said that it's important to start with empathy. Raising teenagers is not always easyParenting teenagers can be tricky.

Persons: Molly Shannon, Hoda, Jenna, —, dreading, Shannon, Stella, Nolan, Allison Tenney, she's, Trisha Daab, I've Organizations: Service, Business Insider, Penn State, BI Locations: Pennsylvania, Iowa

☆ America’s CEOs don’t have the stomach for Trump’s promised revenge tour
▼ + stars: | 2024-10-29 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

While dozens of American business leaders — your Reeds Hoffman, your Marks Cuban, etc. “I was very grateful … for his willingness to stand up to the pressure from Donald Trump in 2015 … until now. That’s why 88 business leaders last month endorsed Harris. On the other hand, a little back-channeling and olive-branch-extending could give business leaders and their companies some goodwill in an administration helmed by a notoriously impulsive, vengeful leader. In a business world that craves certainty and economic stability, executives may be telling themselves that their silence is purely a business decision.

Persons: CNN Business ’, New York CNN —, Donald Trump, didn’t, Hoffman, Marks, Kamala Harris, Jeff Bezos, Trump, Marty Baron, Patrick Soon, Harris, Baron, CNN’s Michael Smerconish, Bezos “, Bezos, …, Elon Musk, “ Trump, ” Baron, NPR’s David Folkenflik, Steve Contorno, Alayna Treene, Tim Cook, Sundar Pichai, Andy Jassy, Mark Zuckerberg, it’s Organizations: CNN Business, New York CNN, Democratic, The Washington Post, Republican, Los Angeles Times, Saturday, SpaceX, Washington, LA Times, Apple, Trump, European Union, Las, Google, Amazon, CNN, Meta, White Locations: New York, Amazon, Las Vegas, Pennsylvania

☆ Trump refers to CNN’s Anderson Cooper by a woman’s first name
▼ + stars: | 2024-10-28 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

“If you watched her being interviewed by Allison Cooper the other night, he’s a nice person. You know Allison Cooper? Oh, no.”CNN journalist Anderson Cooper in New York City on Dec. 10, 2023. “Even Allison Cooper was embarrassed by it. He was embarrassed by it.”In referring to Cooper with a woman’s name, Trump appeared to turn to a stereotype heterosexual people have long deployed against gay men.

Persons: Donald Trump, Anderson Cooper, “ Allison Cooper, ” Trump, Cooper, Kamala Harris, Allison Cooper, Anderson, Mike Coppola, Trump, “, Joe Rogan, Arnold Palmer’s Organizations: CNN, Republican, Saturday, Trump Locations: NOVI, Mich, —, U.S, Traverse City , Michigan, New York City, Michigan, Pennsylvania

☆ McDonald’s needed to win Americans back. Then came an E. coli outbreak
▼ + stars: | 2024-10-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.

Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, “, ”, Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York

☆ SpaceX Polaris Dawn crew reveals impacts of history-making mission
▼ + stars: | 2024-10-25 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

His crewmate Anna Menon, a SpaceX engineer who was the Polaris Dawn mission’s medical officer, said she was struck by space adaptation syndrome. The Polaris Dawn crew poses in space, from left: Sarah Gillis, Jared Isaacman, Scott Poteet and Anna Menon. Sarah Gillis wears a special contact lens in this photo taken prior to the Polaris Dawn flight on April 29. In all, the Polaris Dawn team carried out 36 experiments on behalf of 31 partner institutions, including universities and NASA. Courtesy TIME StudiosAnother experiment that the Polaris Dawn crew underwent to understand in-space ailments involved a series of MRI scans just before liftoff and immediately after returning to Earth.

Persons: ” Scott “ Kidd ” Poteet, CNN’s Dr, Sanjay Gupta, Anna Menon, Polaris Dawn, ” Menon, “, —, NASA —, Sarah Gillis, Jared Isaacman, Scott Poteet, Isaacman, ” Isaacman, … That’s, ”, Earth’s Van Allen, Poteet, John Kraus, Menon, you’re, Dr, Allison Hayman, Uber, Donna Roberts, Roberts, Gillis, It’s, ” Gillis Organizations: CNN, Polaris, US Air Force, SpaceX, NASA, Polaris Program, Polaris Program NASA, University of Colorado, TIME, ISS, Laboratory Locations: University of Colorado Boulder

☆ Why Starbucks, Nike and Boeing are looking for a time machine
▼ + stars: | 2024-10-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Three quintessentially American companies — Starbucks, Nike and Boeing — share a common predicament at the moment. Brian Niccol took the reins last month, leaving the top job at Chipotle to become Starbucks’ third CEO in three years. Boeing Boeing Boeing…. Like Nike and Starbucks, Boeing is looking to its past self to guide its future. And Boeing won’t be able to build the time machine it so desperately needs without the 33,000 machinists currently on strike.

Persons: CNN Business ’, Brian Niccol, Niccol, God —, ”, I’ve, we’ve, Nicolas Asfouri, it’s, Elliott Hill, Kelly Ortberg, who’ve Organizations: CNN Business, New York CNN, Starbucks, Nike, Boeing, Getty, NBA, WNBA, Boeing Boeing Boeing …, Ortberg Locations: New York, China, Chipotle, AFP

☆ Almost anything goes on social media — as long as it doesn’t make billionaires feel even a little bit unsafe
▼ + stars: | 2024-10-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The billionaires who control social media want to be clear about what’s OK to post online and what’s not. For X (formerly Twitter), just about anything goes, including neo-Nazi propaganda, crypto scams and porn (as long as it’s labeled properly). Anyone can do the same thing — Sweeney just made it slightly more convenient. It’s just not clear that Meta cares as much about its users’ privacy and wellbeing as it does about Zuckerberg’s. At a Senate hearing in January, Zuckerberg apologized to families who said their children had been harmed by social media.

Persons: CNN Business ’, it’s, Milton, Meta, Mark Zuckerberg, Jack Sweeney, Donald Trump, Ron DeSantis, Taylor Swift, Elon Musk, Jeff Bezos, Bill Gates, Kim Kardashian, Kylie Jenner, “, ” Sweeney, he’s, Sweeney, Taylor Swift’s, Swift, — Sweeney, Clare Duffy, Zuckerberg, …, Gee Organizations: CNN Business, New York CNN, Facebook, Disney, CNN, Elon, Twitter, Meta Locations: New York, Florida, Bluesky, America

☆ Any other CEO would have been fired for what Elon Musk just said
▼ + stars: | 2024-10-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Musk later deleted his X post that called the interview “very interesting” and “worth watching,” per the Independent. Musk rarely deletes his social media posts, no matter how inflammatory. Musk is the single biggest individual shareholder at Tesla, the only publicly traded business he owns. Litigation is a key part of the Musk playbook when it comes to any person or group challenging him or his businesses. Angry at advertisers for leaving his Nazi-tolerating social media site, Musk sued a nonprofit ad group out of existence.

Persons: CNN Business ’, Tweeting, ICYMI, Elon Musk, Musk, Hitler, Tucker Carlson’s, Winston Churchill, ”, Tesla, —, Kimbal Musk, Kathaleen McCormick, MAGA, it’s, ” Dan Ives, “, Grimes Organizations: CNN Business, New York CNN, Spiegel, Nazi, Independent ., Tesla, CNN, Trump, Wedbush Securities, SpaceX, NASA, Space, Boeing Locations: New York, Delaware, California

☆ The hottest trend in executive leadership: Bringing back the White Guy
▼ + stars: | 2024-10-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Listen up, corporate boards: If you’re looking for the biggest trend in leadership this fall, look no further. Corporate America’s hottest CEO pick is a classic model — the Middle Aged White Guy. Just 52 businesses in the 2024 Fortune 500 ranking were run by women, holding flat from the year before. Obviously, White Guy CEO never went out of fashion — women have rarely represented more than 10% of Fortune 500 companies. But a rash of recent leadership shakeups illustrates the enduring power of the White Guy as a kind of capsule wardrobe for corporate leadership.

Persons: CNN Business ’, Guy, White Guy, Karen Lynch, David Joyner, Lynch, Laxman Narasimhan, Brian Niccol, Mellody Hobson, UnderArmour, Stephanie Linnartz, Kevin Plank, Disney’s Bob Iger, Disney, Morgan Stanley, James Gorman, that’s Iger, Gorman, Nathaniel Meyersohn Organizations: CNN Business, New York CNN, Corporate, Fortune, CVS, America, Indian, McKinsey Locations: New York, Niccol

☆ Trump vs. Harris: The 2024 Election Has Taken Over TikTok
▼ + stars: | 2024-10-21 | by ( Sapna Maheshwari | Madison Malone Kircher | ) www.nytimes.com time to read: +11 min

Austin Nasso, a 29-year-old comedian in New York City, regularly posts impressions of both Mr. Trump and President Biden. Eight of the 10 most viewed TikTok videos about the September debate were from mainstream news sources, according to Zelf data. But Ms. Harris and Mr. Trump take decidedly different approaches to their content. @realdonaldtrump Mr. Trump also finds moments for levity, often on his separate campaign account, @TeamTrump, to keep viewers paying attention. @teamtrumpLike Mr. Trump, Ms. Harris and her campaign also have two distinct accounts, one with a more formal feel and a second, @KamalaHQ, where her campaign lets loose.

Persons: Kamala Harris, Donald J, Trump, Chappell Roan, Taylor Swift, she’ll, Harris, Republican Swifties, “, Donald Trump, JD Vance, Trump's, Swift, Austin Nasso, Biden, “ I’m, Mr, Nasso, ” Sam Wiles, Vance, hadn’t, Wiles, ”, Allison Reese, Ms, she’s, Reese, Hamilton ”, David Chalian, TikTok, “ Harris, Phil Harvey, Link Lauren, Robert F, Kennedy Jr, ’, Spehar, Ross, Jake, Logan Paul, Bryce Hall, Bryson DeChambeau, DeChambeau, “ Bro, Cori Bush, Vivek Ramaswamy, Lindsay Gorman Organizations: New York Times, Republican, Trump, Times, Hamilton Liberals, Broadway, The Daily Mail, CNN, NBC, cnn, Daily Mail, Obama, MSNBC, Fox News, YouTube, Missouri Democrat, German Marshall Fund Locations: New York City, Los Angeles, United States, TikTok, Plenty, San Francisco, ”, Missouri

☆ Video: Former Trump aide thinks there might be a strategy behind Trump’s vulgar comments
▼ + stars: | 2024-10-21 | by ( Allison Love | ) edition.cnn.com time to read: 1 min

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☆ Social Security's retirement trust fund may run out in nine years. Here's how the next U.S. president may address that
▼ + stars: | 2024-10-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

As more retirees start to claim Social Security, there are not enough workers contributing to the program to make up for that increase in benefit payments. But the trust fund Social Security relies on to pay retirement benefits is projected to be depleted in 2033. watch nowBoth presidential candidates — former president Trump and Vice President Harris — have vowed to protect Social Security benefits. "Seniors should not pay tax on Social Security," Trump wrote on July 31 in all capital letters on social media platform Truth Social. Ending taxes on Social Security benefits would move the insolvency date of Social Security's trust fund closer by over one year, according to the Committee for a Responsible Federal Budget.

Persons: Donald Trump, Kamala Harris, Allison Joyce, —, Donald Trump —, Trump, Harris —, Jason Fichtner, Mike Blake, Howard Gleckman, Gleckman, Harris, Kevin Lamarque, Joe Biden, Biden, Governor Walz, Mia Ehrenberg Organizations: Art House Theatre, Bloomberg, Getty, Social Security Administration, Democratic, Republican, Social, Social Security, CNBC, Center, Alliance, Lifetime, Income, Trump, Reuters, ABC, Finance, Urban, Brookings Tax, Brookings, U.S, Union, Employers, Center for Economic, Research, Washington Democrats Locations: Fayetteville , North Carolina, Coachella , California, U.S, Detroit , Michigan

☆ Rural North Carolinians are key for Trump's election chances in the swing state. Hurricane Helene upended their lives.
▼ + stars: | 2024-10-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

Hurricane Helene battered rural mountain towns in North Carolina, a key voting bloc for Trump. AdvertisementEarly voting began in North Carolina on October 17, and state election officials said in-person turnout topped a previous record set in 2020. He won North Carolina by less than 75,000 votes in the 2020 presidential race, with strong support in areas outside urban centers. Allison Joyce / AFPThe Democrats aim to flip historically red North Carolina, seeing a path in the rapidly growing suburban areas like Charlotte, Raleigh-Durham, and Fayetteville. North Carolina election officials made emergency changes to expand voting access for residents recovering from the storm.

Persons: Harris, —, Helene, Donald Trump, Kamala Harris, Chris Cooper, Cooper, Hurricane Helene, Allison Joyce, Biden, Trump, Roy Cooper, Chuck Edwards, Helene . Edwards, Edwards, Caleb Rudow, He's, Rudow, who've, Bob Phillips, we'll, Phillips Organizations: Trump, Service, Business, Western Carolina University, North, Black, Federal Emergency Management Agency, Gov, Democrat, Republican, FEMA Locations: North Carolina, Asheville, South Carolina, Watauga County, Lake Lure , North Carolina, Hurricane, Charlotte, Raleigh, Durham, Fayetteville, Southern, Buncombe

☆ Millions lose power every year because of extreme weather. Here’s how experts say we can prevent it
▼ + stars: | 2024-10-18 | by ( Ella Nilsen | ) edition.cnn.com time to read: +5 min

This ability to get electricity from one part of the country to another is ever more important as America’s grid is lashed by increasingly extreme weather. Extreme weather isn’t the only reason the grid needs to expand. “We run a VHS grid for a Hulu economy.”America’s grid is actually three grids: the Eastern and Western interconnections, plus the independent Texas grid. The physical electrical lines connecting all of the systems are fragile and outdated, experts told CNN. Clements cautioned that even a bigger grid can’t solve all the challenges posed by climate change-fueled extreme weather.

Persons: Cary Kottler, ” Kottler, Helene, Milton, ”, Allison Clements, “, you’ve, Clements, ” Clements, Rob Gramlich, Ariel Horowitz, Horowitz, Biden, Jennifer Granholm, there’s, Hurricane Helene Organizations: CNN, Texans, Pattern, Energy, “, Energy Department, DOE Locations: Uri, Texas, California

☆ Crypto and meme stock boosters aren’t doing ‘Trump trades’ — they’re just doing trades
▼ + stars: | 2024-10-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The bitcoin bulls and meme stock traders are fired up about the prospect of another Donald Trump White House. At the same time, shares of Trump Media were bouncing back from Tuesday’s mysterious 10% drop and resuming their meme-stock-esque tendency to rise without any fundamental reason to do so. What do the two assets, a digital currency and a media stock, have in common? Crypto traders are amped because of the Republican nominee’s apparent 180 on the asset class he once dismissed as a scam. Bottom line: Both bitcoin and Trump Media could become even more volatile over the next few weeks as more traders pile in.

Persons: CNN Business ’, Donald Trump, Kamala Harris ’, Harris, Trump, CNN’s, ”, Steph, “, Adrian Fritz, It’s, ” Fritz, it’s, Al Root, Root, Fritz, “ It’s Organizations: CNN Business, New York CNN, Donald Trump White House, Trump Media, Trump, Liberty Financial, hyperdrive, Harris ’, ” Trump Media, Apple Locations: New York, ”, Central

☆ Just ignore the word ‘tariff’ — it’s a tax
▼ + stars: | 2024-10-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Especially when you hear words like “tariffs.”But, given the economy’s central importance in the 2024 race, it’s worth hammering on an Econ 101 fact: Tariffs are a tax on Americans. Very simply: When the US government decides to put a tariff (read: tax) on, say, Chinese goods, the actual money going to the US Treasury comes from the American company doing the importing. “To me, the most beautiful word in the dictionary is tariff,” Trump said at one point. But it’s important to judge Trump’s first-term trade policies and the Biden-Harris approach against context of the unprecedented tariff wave Trump is planning if he gets to Round Two. Bottom line: Tariffs might be a beautiful word to Trump’s ear, but he’s telling a fictional story about what they do in practice.

Persons: CNN Business ’, New York CNN —, Donald Trump, It’s, —, Annette Choi, Katie Lobosco, podcaster Sean Kelly, David Pakman, Kelly, he’s, ” Kelly, Pakman, “, Trump, ” Trump, John Micklethwait, Micklethwait, it’s, Joe Biden, Kamala Harris, Trump’s, Harris, ”, Scott Lincicome, United States —, ” David Kelly, Matt Egan Organizations: CNN Business, New York CNN, CNN, US Treasury, Bloomberg, Economic, of Chicago, Biden, Trump, Republican, Cato Institute, Peterson Institute for International Economics, Federal, Peterson Institute, Asset Management Locations: New York, China, United States, States

☆ Elon Musk’s empire of misinformation
▼ + stars: | 2024-10-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —At any Tesla event, you have to go in expecting a good amount of smoke and mirrors. This is the company run by Elon Musk, after all — its self-anointed Technoking who’s made overpromising and underdelivering a theme of his career. ICYMI: The robotaxis, Tesla’s fully driverless vehicles that it hopes to put into service next year, were the main event. But Musk’s reality distortion field is something else entirely — hardly limited to overly optimistic timetables or pie-in-the-sky projections for Tesla’s delivery schedule. In a twist, though, X dropped Unilever from the lawsuit on Friday.

Persons: CNN Business ’, Elon Musk, Technoking who’s, Tesla, ” Gordon Johnson, ” Morgan Stanley, Adam Jonas, they’re, Steve Jobs, Donald Trump, ”, Craig Fugate, X Organizations: CNN Business, New York CNN, Elon, Bloomberg, “, Apple, National Guard, FEMA, Washington Post, CNN, NBC, ” Unilever, ”, Unilever Locations: New York, Carolina

☆ Budget brands are winning in China as people turn to cheap food and fashion
▼ + stars: | 2024-10-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Companies like Japan's Saizeriya, Yum China, and Fast Retailing have recently reported strong sales. There are similarities between Japan's "Lost Decade" of economic stagnation in the 1990s, after the country's asset and credit bubbles burst, and China's economic downturn now. The ethos has benefited companies with budget offerings, including Yum China, which operates KFC and Pizza Hut in the country. Intense competitionHowever, China's market is a fast and furious one — even for winners — and the country's economic downturn has created cut-throat competition with aggressive price wars. As China's economic malaise deepened, boba tea went from premium pricing around $3.50 to $5.50 on average to as little as $1 or less over the last few years.

Persons: —, Hideharu Matsutani, Matsutani, Saizeriya, MingYii Lai, Lai, Uniqlo, boba, Jason Yu, Kantar, BI's Matthew Low, Allison Malmsten Organizations: Retailing, Service, McKinsey, Tokyo Stock Exchange, Daxue Consulting, Shoppers, Yum, Fast Retailing, — Locations: China, Japan, Beijing, Greater China, Yum China

The Trump campaign taps Lara Trump to encourage voters to vote early and by mail Earlier this year, the RNC co-chair voiced a robocall falsely alleging massive fraud occurred in the 2020 election due to mail ballots. Last month, at a rally in Indiana, Pennsylvania, Trump disparaged early voting, and promoted it, in the same breath. … Whether you vote early, absentee, by mail or in person, we’re going to protect the vote.”The Republican parties in Arizona and Nevada also tapped Lara Trump to voice robocalls promoting early and mail voting, despite previously echoing her father-in-law’s rhetoric on early voting. “So, get out there, encourage others to vote early and remind them just how critical this election is. When we vote, we win.”Lara Trump encourages Nevada voters to vote early and by mail The Nevada Republican Party tapped Lara Trump to encourage Nevadans to vote early and by mail.

Persons: Donald Trump’s, Hurricane Helene, Trump, Lara Trump, Trump’s, robocall, North, Hurricane Helene –, Donald Trump, Cecile Clocheret, “, ”, Sean Morales, Doyle, ” Morales, ., Susie Wiles, Chris LaCivita, ” “, ‘, ’ Trump, Republican National Committee’s, We’ve, Let’s, ” Trump, we’re, Kamala Harris, Bill Pugliano, ” Lara Trump, Nevadans, CNN’s KFile, Roy Cooper, Allison Joyce, Bob Phillips, Helene, Hurricane Milton –, Anna Kelly, Morales Organizations: CNN, Republican National Committee, Trump, RNC, Getty, Brennan Center for Justice, North, North Carolina General Assembly, Republican National, Detroit Economic Club, Republican, Nevada, Nevada Republican, Democratic Gov, Republicans, Trump Campaign, Brennan Locations: North Carolina, Hurricane, Pennsylvania, Georgia , Wisconsin , Arizona , Nevada, Michigan, Georgia, Houston, AFP, . North Carolina, North Carolina’s, Indiana , Pennsylvania, Arizona, Nevada, American, Rock , North Carolina, Florida

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