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Persons: We've, Lisa Taddeo, Gia, Shailene Woodley, Lina, Betty Gilpin, Sloane, DeWanda Wise, Maggie, Gabrielle Creevy, Philo, ExpressVPN Organizations: Business, STARZ, Starz, AMC, MTV, Women Locations: VPNs

☆ JD Vance says he thinks Apple benefits from Chinese slave labor: 'That's pretty sick'
▼ + stars: | 2024-09-12 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC's "Squawk Box," stating he thinks the company benefits from "slave labor" in China. "Do I think Apple is an evil company? Do I think that sometimes they benefit from Chinese slave labor? "I think that a company that wants to benefit from American markets should also have to pay American workers a fair wage." Apple has previously stated that it has found no evidence of forced labor anywhere it operates.

Persons: Ohio Sen, JD Vance, Vance, Apple, Donald Trump, Lina Organizations: Ohio, Apple, Congressional, Commission, . Customs, U.S, Federal Trade Commission, Facebook, Meta, Google Locations: China, Vietnam, India, iPhones, New York City

☆ Tech and business leaders will be looking for 3 things during the Harris-Trump debate
▼ + stars: | 2024-09-09 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +9 min

And that really, for tech, is going to determine what matters," he told Business Insider. "That was a clear effort to court business and tech," Tusk said. "That was really eye-opening, because that is not usually thought of as a business issue, it's thought of as a social issue," Snyder told Business Insider. But business and tech leaders will be looking at more than just policy on Tuesday night. AdvertisementLarsen believes that Harris may be able to provide the country with the reset that he and other business leaders are looking for.

Persons: —, Kamala Harris, Donald Trump, Harris, Joe Biden, Chris Larsen, Biden, Larsen, Bradley Tusk, Gary Gensler, Jordan Nof, Tusk, Gary Gensler's, Kieran Snyder, Snyder, Lina Khan, she's, Nof, Trump, Mark Cuban, Aaron Levie, Roe, it's Organizations: Service, Democratic National Convention, Business, Industry, Venture Partners, Democratic, Securities and Exchange Commission, Tusk Venture, SEC, Silicon, Federal Trade Commission, FTC, Wall Street Journal Locations: California, Silicon, U.S, China

☆ Opinion | Billionaire Donors Have It Out for This Legal Prodigy, but President Harris Will Need Her
▼ + stars: | 2024-08-23 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +1 min

Some wealthy Harris backers have called for Khan’s replacement, including the LinkedIn co-founder Reid Hoffman, who donated $10 million to a Democratic super PAC this year. Because Harris’s economic views seemed fuzzy and her ties to Silicon Valley are strong, some on the left worried she might give in to the pressure. Wes Moore of Maryland, a close ally of the vice president, was asked on CNBC about jettisoning Khan, and suggested that Harris might break from President Biden’s aggressive approach to antitrust. “There are going to be different dynamics that are going to require different philosophies,” said Moore. As the broad outlines of Harris’s economic approach have emerged over the last week, it seems at least as populist as Biden’s.

Persons: Kamala Harris, Lina Khan —, —, Harris, Reid Hoffman, Barry Diller, Khan, Wes Moore, jettisoning Khan, Biden’s, ”, Moore Organizations: Democratic, Federal Trade Commission, LinkedIn, CNBC, IAC, Expedia, Gov Locations: Silicon, Maryland

☆ Saying the Quiet Part Out Loud
▼ + stars: | 2024-08-03 | by ( Lauren Hirsch | Sarah Kessler | ) www.nytimes.com time to read: +1 min

Wall Street Democrats have spent the last eight years complaining about their relationship with Washington. But now that Vice President Kamala Harris is the party’s presumptive presidential nominee, they see a chance to regain influence. “Waging war is not.” (He later clarified that he would support Harris regardless of whether she replaced Khan.) Few on Wall Street would disagree with that stance — Khan has moved to block deals with seemingly little concern over losing in court. But behind the scenes, many are irked by this kind of public lobbying, arguing that it exposes a misunderstanding of the way the Washington game is played, and that it could backfire.

Persons: Donald Trump’s, Biden, Kamala Harris, Elon Musk, Bill Ackman, Harris, Lina Khan, ” Barry Diller, Reid Hoffman, ” Hoffman, “, Khan, — Khan Organizations: Democrats, Democratic Party, Trump, Federal Trade Commission, IAC, CNBC, LinkedIn, CNN Locations: Washington

“TikTok knowingly and repeatedly violated kids’ privacy, threatening the safety of millions of children across the country,” FTC Chair Lina Khan said in a release. In 2019, the government sued Musical.ly, the company that later became TikTok, for alleged COPPA violations. There are 170 million American TikTok users. In 2020, Trump signed an executive order that would ban TikTok, which was struck down in court. In March, Trump said he no longer intended to ban TikTok if re-elected.

Persons: ByteDance, TikTok, “ TikTok, Lina Khan, Musical.ly, Joe Biden, Donald Trump, Kamala Harris, Trump Organizations: U.S . Justice Department, Federal Trade Commission, TikTok, CNBC, FTC, COPPA, Central, Central District of, U.S Locations: U.S, Central District, Central District of California, American

☆ US government sues TikTok for allegedly violating children’s privacy law
▼ + stars: | 2024-08-02 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

The lawsuit accuses TikTok and its parent company, ByteDance, of violating the Children’s Online Privacy Protection Act (COPPA) by allowing children to create accounts without their parents’ knowledge or consent. TikTok also collects and retains personal data from children, such as email addresses, phone numbers and location data, and fails to to comply with requests from parents to delete their children’s information, the suit alleges. The Justice Department claims that TikTok has continued to violate the law, as well as that 2019 court order. TikTok has also faced previous allegations that it failed to keep young users safe , and was fined in Europe for violating children’s privacy protections. The FTC began investigating potential violations of COPPA by TikTok earlier this year, sources told CNN at the time.

Persons: New York CNN — TikTok, TikTok, “ TikTok, Lina Khan, ”, Michael Hughes, “, TikTok “ Organizations: New, New York CNN, US Justice Department, US Federal Trade Commission, COPPA, The Justice Department, FTC, TikTok, CNN, Department, Federal Trade Commission Locations: New York, TikTok, California, United States, Europe

☆ Harris’ economic stance in spotlight as jobs data stirs concerns
▼ + stars: | 2024-08-02 | by ( Kayla Tausche | ) edition.cnn.com time to read: +8 min

The data also points a spotlight on the economic platform of Vice President Kamala Harris, who is poised to accept the Democratic presidential nomination this month amid signs of a slowing economy. But her economic views are less defined, maintaining broad references to strengthening the middle class, even as her record investigating Wall Street and her farther-left 2019 primary campaign platform have executives and investors on edge. According to those close to Harris, advisers and administration officials, Harris’ economic views were described as “pragmatic,” “centrist,” and even “pro-business,” with a goal of leveraging private-sector friendships for better outcomes at the ground level. Personnel as policyHarris has two staffers who manage economic and domestic policy issues, and she was briefed by staff on the most recent jobs data. “He is as close to Harris and the second gentleman as almost anyone in the administration,” said an official close to Harris.

Persons: Harris, Kamala Harris, ”, Mike Pyle, Don Graves, David Turk, Wally Adeyemo, Janet Yellen, Pyle, Brian Deese, Rohini Kosoglu –, Brian Nelson, Nelson’s, Nelson, “ That’s, Jason Furman, Barack Obama, Rohit Chopra, Massachusetts Sen, Elizabeth Warren, Biden, Vermont Sen, Bernie Sanders, –, “, she’s, Tom Vilsack, Vilsack, Ray McGuire, Lazard, Blair Effron, Jamie Dimon, “ She’s, Lina Khan, Harris “, Lina Organizations: CNN, Biden, Federal Reserve, Democratic, National Security Council, National Economic Council, ”, Commerce, Energy, Consumer Financial, Bureau, Vermont, Democratic Party, White, Commerce Department, Department of Agriculture, Wall Street, Centerview Partners, JPMorgan Chase, Naval Observatory, Meta, Target, Citigroup, eBay, Federal Trade Commission Locations: Massachusetts, Columbus , Ohio, Syracuse , New York, Georgia, Central America, Columbia, California

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Persons: it's, Lina Roby, LIA, MLO Lina Roby, Evelyn, Read Organizations: AARP, Insurance, USAA, Prudential Life, Prudential Life Insurance, Mutual, Omaha Life Insurance Mutual, Omaha Life Insurance, Life Insurance AAA Life Insurance, AAA, Better Business, Prudential, Finance, Personal Finance Locations: Montana and New York, Montana, Omaha, New York, Omaha's, New York State

☆ In Harris, business leaders tired of Biden see a potential friend
▼ + stars: | 2024-07-30 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Some business leaders and wealthy donors are hopeful that Harris will adopt more centrist policies as she outlines her agenda, especially by dialing back Biden-era antitrust crackdowns. “CEOs are wildly excited about Harris,” Jeffrey Sonnenfeld, founder and president of the Yale Chief Executive Leadership Institute, told CNN in a phone interview. Sonnenfeld pointed to confidence that Harris will protect the rule of law and hopes for recalibrated trade, regulatory and tax policies. Meanwhile, Harris, somewhat of an unknown commodity on business policy, hasn’t said much about where she stands. Another key sticking point is energy, where Trump has tried to blame the Biden-Harris administration for periods of high gas prices.

Persons: Kamala Harris, Harris, Biden, ” Jeffrey Sonnenfeld, Sonnenfeld, Lina Khan, Khan’s, hasn’t, “, ”, Greg Valliere, Democratic megadonor Reid Hoffman, Khan, Hoffman, Barry Diller, Diller, It’s, ” Diller, ‘, haven’t, PCCC, Adam Green, Harris –, ” Green, Lina Khan –, ” Sonnenfeld, “ It’s, Douglas Farrar, Donald Trump, Joe Biden, Trump, ” Trump, “ You’re, Lauren Hitt, didn’t Organizations: New, New York CNN, Biden, Big Tech, Democratic, Yale, Leadership, CNN, Federal Trade Commission, Progressives, AGF Investments, Business, Big Oil, Microsoft, FTC, “, Activision, CNBC, IAC, Progressive, Khan, Public Citizen, AFL, NAACP, Harris Administration Locations: New York, North Carolina

☆ Israel promised a massive revenge attack on Hezbollah but so far hasn't followed through
▼ + stars: | 2024-07-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Read previewTensions in the Middle East escalated on Saturday after Israel said the armed group Hezbollah launched a lethal rocket strike on a soccer field. Brink of warTensions were already high in the region before Hezbollah's lethal rocket strike. Following Hezbollah's rocket strike, US National Security Council spokesperson Adrienne Watson said Sunday that the US was in "continuous discussions" with Israel and Lebanon, hoping to restore calm. "Hezbollah is also operating in Syria, and it is likely that Israel will target Hezbollah's military sites there at a greater scale than before," she told BI. According to Khatib, the possibility of a wider war in the region remains low because it is not in anyone's interest — it would be damaging to Israel, Hezbollah, Iran, and the US, she said.

Persons: —, Israel, Majdal Shams, Benjamin Netanyahu, Brink, Daniel Hagari, Adrienne Watson, Axios, Lina Khatib, Khatib, Thomas Juneau, Juneau Organizations: Service, Hezbollah, IDF, Business, Israel's Air Force, US National Security, Sunday, Middle East Institute, School of Oriental, Studies, Israel, University of Ottawa's Graduate School of Public and International Affairs, Israel Program, National Security Network, Foundation for Defense of Democracies Locations: Lebanon, Majdal, Israel, Iran, Gaza, London, Syria, Iran's

Since Harris kicked off her presidential campaign, there’s been a string of good news for the US economy. Harris will have Biden’s mostly strong economy to run on. By June 2021, Biden’s sixth month in office, the nation’s inflation rate jumped to more than 5%. After the Federal Reserve hiked interest rate hikes to a 23-year high to stamp out inflation, the economy — eventually — started to run at a slower pace. The Biden administration canceled $168 billion in student loan debt for 4.8 million Americans.

Persons: Joe Biden, Biden, Kamala Harris, Harris, there’s, Biden’s, —, hasn’t, Evan Vucci, Eros Hoagland, Getty, Lina Khan, Jonathan Kanter, Stocks Organizations: CNN, White House, House, Federal, Trump, Biden, Federal Reserve, Gross, Commerce Department, of Labor Statistics, Infrastructure Investment, Jobs, AFL, National Labor Relations Board, United Auto Workers, Union, AP Relief, American, ARPA, Medicare, University of North, Hill, Apple, Google, Federal Trade Commission, Department, FTC, Activision, Big Tech, Justice Department, Fed Locations: Ukraine, Van Buren Township , Michigan, University of North Carolina, America, Valley, Silicon Valley

☆ LinkedIn billionaire is going all-in on Kamala Harris. But he wants her to make a big change
▼ + stars: | 2024-07-26 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —LinkedIn co-founder Reid Hoffman is throwing his financial firepower behind Vice President Kamala Harris. Ohio Sen. JD Vance, the GOP nominee for vice president, is a fan. Harris campaign: No discussions on replacing KhanHoffman told CNN he “certainly” hasn’t directly pushed Harris to replace Khan. A Harris campaign aide told CNN that there have been “no policy discussions” about replacing Khan at the current time. That was a mistake,” Hoffman told CNN.

Persons: Reid Hoffman, Kamala Harris, Hoffman, CNN he’s, Harris, United States ’, Lina Khan, “ Lina Khan, ” Hoffman, Joe Biden, “, Khan, ”, Bernie Sanders, Hoffman Khan, Sen, Mr, Hoffman ”, Massachusetts Sen, Elizabeth Warren, Khan . Ohio Sen, JD Vance, Vance, Biden, Khan Hoffman, hasn’t, Brian Fung, Douglas Farrar, Biden Harris, Harris team’s, ” Farrar, Farrar, “ Trump, Donald Trump, Trump, Steven Cheung, George Soros ”, Mark Cuban, Peter Thiel, Thiel, Arizona Sen, Mark Kelly, Josh Shapiro, Gretchen Whitmer, Gina Raimondo Organizations: New, New York CNN, LinkedIn, Biden, Harris, PAC, CNN, Federal Trade, Democratic, Microsoft, FTC, “, Big Oil, Big Tech, Forward PAC, GOP, Republican, Activision Blizzard, Mattress, Trump, US Chamber of Commerce, Arizona Locations: New York, United States, America, Vermont, Massachusetts, Khan . Ohio, Pennsylvania, Michigan

A question about the future of antitrustNews that Reid Hoffman, the billionaire LinkedIn co-founder and major Democratic donor, wants Vice President Kamala Harris, if she wins in November, to replace Lina Khan as chair of the F.T.C. Senator Bernie Sanders, independent of Vermont, called it “unacceptable,” and Tim Wu, the Columbia Law School professor and former Biden antitrust official, demanded that the Harris campaign return Hoffman’s donations. Khan is perhaps the most consequential regulator for business in the Biden administration, and her fate as F.T.C. chair underscores anxiety among Democrats about how Harris would approach antitrust policy should she become president. So Khan could be stripped of that role and replaced with a colleague, though that could be awkward.

Persons: Reid Hoffman, Kamala Harris, Lina Khan, Bernie Sanders, Tim Wu, Biden, Harris, Khan Organizations: LinkedIn, Democratic, Columbia Law School Locations: Vermont, United States

☆ Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.

Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest

☆ Openness in AI is necessary to promote fair and competitive markets, said FTC's Lina Khan
▼ + stars: | 2024-07-25 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

"These conditions have allowed, in some instances, the biggest technology companies to get a layup in the AI space," Khan said. In particular, Khan called for AI models' weights to be publicly available. In the age of AI, Khan said both consumers and enterprises are uncertain of their data's protections when using foundation models. "We only focus on deals that have problems…it's a narrow set of deals that satisfy a narrow set of criteria." In March, Microsoft paid $650 million in a licensing deal to Inflection AI, an emerging OpenAI rival, to use its AI models and hire most of its employees.

Persons: —, Lina Khan, Khan, We've, you've, Jonathan Kanter, Kevin Dietsch, Kanter, execs Organizations: Service, Federal Trade Commission, FTC, Big Tech, Microsoft, Google, Business, Meta, Antitrust, Department of Justice, DOJ, Apple, Tech, New York VC, YC, Amazon Locations: OpenAI, America

☆ FTC launches probe into 'surveillance pricing' that it says links cost to customer data
▼ + stars: | 2024-07-23 | by ( Contessa Brewer | ) www.cnbc.com time to read: +2 min

The Federal Trade Commission is launching an investigation into so-called "surveillance pricing," seeking more information about how artificial intelligence is used to change pricing rapidly based on data about customer behavior and characteristics. The FTC says the practice allows companies to charge different customers, different prices. "Firms that harvest Americans' personal data can put people's privacy at risk," FTC Chair Lina Khan said in a news release. Kahn describes surveillance pricing as a "shadowy ecosystem of pricing middlemen." Mastercard said in a statement, "We will cooperate with the FTC in this process."

Persons: Lina Khan, Kahn Organizations: Federal Trade Commission, CNBC, Summit, FTC, Mastercard, JPMorgan Chase, Accenture, McKinsey, Home Depot, Tractor Supply, Hannaford, Puma Locations: Washington ,

☆ OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC. Madry will still work on core AI safety work in his new role, OpenAI told CNBC. The decision to reassign Madry came less than a week before a group of Democratic senators sent a letter to OpenAI CEO Sam Altman concerning "questions about how OpenAI is addressing emerging safety concerns." Leike wrote in a post on X that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Aleksander Madry, Madry, reassign Madry, it's, Lina Khan, they've, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman, Altman Organizations: Microsoft, CNBC, MIT's Center, MIT, Democratic, Google, Meta, FTC, Department of Justice, Nvidia Locations: Redmond , Washington

☆ Opinion | Is the Populism of the Trump G.O.P. Real or Fake?
▼ + stars: | 2024-07-23 | by ( Julius Krein | ) www.nytimes.com time to read: +1 min

Before last week’s Republican convention, Donald Trump seemed to be moving away from the populism that characterized his 2016 campaign. “He’s defending big business, cozying up to billionaires, and wooing C.E.O.s.”When Mr. Trump named Senator JD Vance of Ohio as his running mate, though, pundits quickly concluded that he was doubling down on populism. In his convention speech, Mr. Vance denounced NAFTA and China trade deals and promised to prioritize American workers over multinational corporations. On the other hand, in a long interview with Bloomberg (conducted in late June) that came out after the announcement of Mr. Vance’s selection, Mr. Trump hardly sounded like a firebrand economic populist. He floated the idea of reducing corporate tax rates to 15 percent and said he’d consider the JPMorgan Chase C.E.O., Jamie Dimon, as a potential Treasury secretary.

Persons: Donald Trump, isn’t, Karma, “, C.E.O.s, Trump, JD Vance, Ohio, Vance, Reagan, Bush, Lina Khan, he’d, JPMorgan Chase, Jamie Dimon, Trump’s Organizations: Republican, Federal Trade Commission, China, Bloomberg, JPMorgan, JPMorgan Chase C.E.O Locations: The

☆ Hackers are already taking advantage of the CrowdStrike outage chaos
▼ + stars: | 2024-07-22 | by ( Brian Fung | Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CrowdStrike has issued its own guidance on what affected organizations can do in response to the issue. One example of that has been targeting Spanish-speaking CrowdStrike customers, the company said in a separate blog post. When opened, the file installs malicious software that phones home to a server the hackers control and may use to give additional instructions to the malware. “CrowdStrike Intelligence recommends that organizations ensure they are communicating with CrowdStrike representatives through official channels and they adhere to technical guidance the CrowdStrike support teams have provided,” the company said. “Bad actors routinely try to take advantage of current events, so it’s not all surprising to see them attempting to take advantage of this one,” Callow said.

Persons: CNN —, ”, CrowdStrike, Kenn White, “, cybercriminals, Lina Khan, Azim Khodjibaev, Brett Callow, ” Callow Organizations: CNN, Department of Homeland Security, Infrastructure Security Agency, CrowdStrike Intelligence, Federal Trade Commission, Internal Revenue Service, Social Security Administration, FTC, Cisco, FTI Consulting

☆ CNBC Daily Open: Biden drops out
▼ + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com time to read: +5 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Starbucks stake Activist investor Elliott Management has taken a substantial stake in Starbucks and is engaging with management to boost the company's share price, according to the Wall Street Journal. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.

Persons: haven't, Stephanie Pope, Max, Elliott Management, Laxman Narasimhan, Howard Schultz, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, —, Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Rohan Goswami Organizations: CNBC, Dow, Boeing, Farnborough, Wall Street, Starbucks, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: London, New York, New Delhi, Washington

☆ CNBC Daily Open: Biden drops out, endorses Harris
▼ + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.

Persons: Sebastian Raedler, haven't, Stephanie Pope, Max, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, —, Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Lim Hui Jie Organizations: New York Stock Exchange, CNBC, Bank of America, Boeing, Farnborough, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: New York City, London, New York, New Delhi, Washington

☆ The 'Trump trade' is on pause. Political uncertainty is now in the driver's seat
▼ + stars: | 2024-07-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It didn't take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? He talked about how interested he was in the stock market and that he wanted his kids to learn so they watched my show together. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Donald Trump, Mike Pence, Sen, JD Vance, Mary Elizabeth Lease, Joe Biden, Biden's, Trump, Biden, let's, Kamala Harris, Doug Emhoff, —, Harris, that's, Lina Kahn, Jonathan Kanter, Vance, Mark Spitznagel, Spitznagel, Bristol Myers, ., Jim Cramer's, Jim Cramer, Jim, Chris Kleponis Organizations: Republican, Populist Party, Democratic Party, Devices, Nvidia, Biden, White House, Democratic, White, Big Tech, Federal Trade Commission, Biden Democrat, Trump, Nasdaq, Street, Universa Investments, Yahoo, America, Microsoft, Google, Palo Alto Networks, Palo Alto, Starbucks, Apple, PepsiCo, Myers Squibb, Pepsi, Jim Cramer's Charitable, CNBC, US, Afp, Getty Locations: Ohio, China, U.S, Taiwan, idiocy, Bristol, . Horton, Washington ,, Pennsylvania

☆ Sheila Jackson Lee, long-serving Democratic congresswoman and advocate for Black Americans, dies at 74
▼ + stars: | 2024-07-19 | by ( Michelle Shen | ) edition.cnn.com time to read: +7 min

CNN —Sheila Jackson Lee, a longtime Democratic congresswoman from Texas who was an outspoken advocate for Black Americans for decades, has died. Jackson Lee announced in June that she had been diagnosed with pancreatic cancer. Brett Coomer/Houston Chronicle via Getty ImagesDuring her congressional tenure, Jackson Lee was an outspoken advocate for progressive interests and Black Americans. “Congresswoman Jackson Lee was a patriot and a fighter to the very end. She will be deeply missed by all who knew her,” Congressional Black Caucus Chairman Steven Horsford and members of the Congressional Black Caucus said in a statement following her death.

Persons: Sheila Jackson Lee, ”, Jackson Lee, ’, Elwyn Lees, Brett Coomer, Donald Trump, Trump, George Floyd’s, “, ” Jackson Lee, Steven Horsford, Jackson Lee’s, –, Lee, Nancy Pelosi, Bill Clinton, Hillary Clinton, Lina Hidalgo, Sen, John Whitmire, Amanda Edwards, Hakeem Jeffries, Houston “, ” Jeffries, Chuck Schumer, Jamie Raskin, “ Laura Coates, Al Green, Bebe Organizations: CNN, Democratic, Black, “, United States, Congressional, of, Yale University, Texas, Congressional District, Houston, Getty, House Democrats, Congressional Progressive Caucus, Congressional Black Caucus, Congressional Black, Enron, The New York Times, Congressional Black Caucus Foundation, Houston City, Democrats, Congressional Black Caucus and House Democratic Caucus, Texas Rep, State of, Huffington Locations: Texas, of Texas, Queens , New York, Houston, Iraq, House, Washington, Harris, America, State

☆ A rash of tech billionaires are pivoting to Trump — but not because they’re MAGA bros
▼ + stars: | 2024-07-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But there’s a small, powerful sect of Silicon Valley billionaires who are carving a path for the maybe-Trumpers and the MAGA-curious in the tech world. David Sacks, the billionaire tech investor, co-hosted a fundraiser last month at his San Francisco home and spoke at the Republican National Convention on Monday. In the last election cycle, the few Trump backers that existed in the Valley largely kept their support under the radar. Their numbers are still small, but they’re no longer hiding, and their wallets are open. And, as Kovacevich notes, just because there are a few big names turning toward Trump, “they’re not speaking for everybody.”“In fact, most of the big company CEOs aren’t terribly involved in partisan politics,” Kovacevich says.

Persons: CNN Business ’, Hillary Clinton, Joe Biden, MAGA, Elon Musk, Trump, David Sacks, San Francisco, Doug Leone, Palantir, Joe Lonsdale, what’s, Adam Kovacevich, ”, “, Biden, Lina Khan, Joe Biden’s, Gary Gensler, who’s, Marc Andreessen, Ben Horowitz, Trump’s, hasn’t, they’ve, Reid Hoffman, Eric Schmidt, aren’t, ” Kovacevich, “ They’re Organizations: CNN Business, New York CNN, Silicon, Wall Street, Trump, America PAC, San, Republican National Convention, Sequoia Capital, Biden, of, Financial Times, SEC, Big Tech, LinkedIn, Google Locations: New York, Silicon

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