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☆ Opinion: Why the hush money trial judge was right
▼ + stars: | 2024-04-05 | by ( Opinion David Orentlicher | ) edition.cnn.com time to read: +8 min

David Orentlicher R. Marsh Starks/UNLV Creative ServicesAccording to the judge, Trump waited too long to raise his claim of immunity. Trump filed his claim for immunity on March 7, less than three weeks before the scheduled trial date at the time. When he tried last May to move his trial to federal court, his legal filings referred to his belief that he was entitled to immunity from prosecution. Even if Trump had filed his motion in September, his immunity claim faced other serious hurdles. The Framers were not restricting criminal prosecution of former presidents to those who had been impeached and convicted.

Persons: David Orentlicher, Jack, Lulu Lehman, William S, Juan Merchan, Donald Trump’s, David Orentlicher R, Marsh Starks, Trump, Merchan, ” Trump, can’t, Rather, —, Stormy Daniels, Nixon, Richard Nixon’s audiotapes, Jones, Bill Clinton, Vance, Cyrus Vance Jr, ”, “, Department of Justice —, disqualifying, Anderson, I’ve, Trump’s Organizations: Boyd School of Law, University of Nevada, Democrat, Nevada Assembly, CNN, UNLV, Appeals, DC Circuit, Senate, Trump, Trump ., New York District, Department of Justice, president’s Department, Justice Locations: Las Vegas, Nevada, New York, States, Clinton, Trump

☆ 'Biggest mistake' bond investors may make ahead of Fed rate cuts
▼ + stars: | 2024-04-04 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

"Your biggest mistake could be rushing back into equities before you're considering all these opportunities in fixed income," BondBloxx co-founder and COO Joanna Gallegos told CNBC's "ETF Edge" this week. To manage interest rate volatility effectively, Gallegos suggests investors look to exchange-traded funds focused on intermediate term bonds. Morgan Stanley Investment Management's Tony Rochte recommends a similar medium-term strategy with vehicles like the Eaton Vance Total Return Bond ETF (EVTR) under his firm's management. Rochte also pointed to municipal bond funds, like the Eaton Vance Short Duration Municipal Income ETF (EVSM), for income-generating opportunities. "We also converted a municipal bond mutual fund last Monday here at the NYSE to an ETF, symbol EVSM, and that's a municipal.

Persons: BondBloxx, Joanna Gallegos, CNBC's, Gallegos, Morgan Stanley, Tony Rochte, Eaton Vance, Rochte Organizations: Treasury, Morgan Stanley Investment, Eaton, Bond, NYSE

☆ Biden administration points finger at Republicans for internet bill hikes
▼ + stars: | 2024-04-02 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

“President [Joe] Biden has been calling on Congress to pass legislation that would extend the benefit through 2024. “But unfortunately, Republicans in Congress have failed to act.”Biden has called on Congress to approve $6 billion to continue the ACP. A bill introduced in January by a bipartisan group of lawmakers in the House and Senate would authorize $7 billion. That legislation has 216 co-sponsors in the House, including 21 Republicans, and three in the Senate, including two Republicans. Administration officials declined to say whether Biden or Vice President Kamala Harris have personally discussed the ACP with congressional Republicans.

Persons: Biden, Joe, ”, ” Biden, Mike Johnson, Blair Levin, ” Levin, Republican Sens, J.D, Vance of Ohio, Kevin Cramer of North, Spokespeople, Johnson, Chuck Schumer didn’t, Kamala Harris, Jessica Rosenworcel, ” Rosenworcel, Rosenworcel, Sen, Maria Cantwell Organizations: CNN, Republicans, Program, Federal Communications Commission, GOP, Democratic, Congress, Republican, New, Research, Administration, ACP, Commerce, Science, Transportation Locations: Kevin Cramer of North Dakota

☆ AI is power-intensive. Top Morgan Stanley portfolio manager says that's an opportunity for one stock
▼ + stars: | 2024-04-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

AI is very power-intensive — and its power needs are only set to rise in the coming years. Morgan Stanley Investment Management's Aaron Dunn says the "next big bottleneck" for the hyperscalers — which are doing a lot of the cloud computing for AI applications — is either power or fiber. And that's why Dunn is "pretty bullish" on utilities, naming one stock to play it: CMS Energy . "And so these utilities … have a very favorable opportunity to draw solid earnings growth and good returns for them," Dunn concluded. Their power consumption is set to grow at a compound annual growth rate of 11% through 2030, the bank said.

Persons: Morgan Stanley, Morgan Stanley Investment Management's Aaron Dunn, CNBC's, Dunn, Eaton Vance, BofA, — CNBC's Pia Singh Organizations: Morgan, Morgan Stanley Investment, Morgan Stanley U.S . Value, CMS Energy, CNBC, Emerson, Nvidia Locations: United States

☆ Trump accused of 'inciting violence' after sharing video with image depicting Biden tied up in the back of a pickup truck
▼ + stars: | 2024-03-30 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Donald Trump shared an image of Joe Biden hog-tied on the tailgate of a passing pickup truck. The Republican presidential nominee was accused of inciting violence against President Joe Biden. AdvertisementRepublican presidential nominee Donald Trump faced criticism Friday for posting a video on his social media that showed President Joe Biden hog-tied on the tailgate of a passing pickup truck. Trump just posted a video of a pickup truck on Truth Social that has a giant image of President Biden bound with rope and laying, apparently kidnapped. Related stories"Democrats and crazed lunatics have not only called for despicable violence against President Trump and his family, they are actually weaponizing the justice system against him."

Persons: Donald Trump, Joe Biden, —, Jonathan Diller, Trump, Biden, MAGA, WFiXIFWU7R, Brian Tyler Cohen, Michael Tyler, Tyler, Steven Cheung, lunatics, President Trump, Mr Trump's, Kathy Griffin's, Kathy Griffin’s, Kathy Griffin, lene W hite, ake Organizations: Republican, Service, Trump, NBC, Capitol Police Locations: Long Island , New York, Huntington , Long, Huntington Long

☆ Donald Trump Jr. says he's lobbying his father to pick a 'fighter' like Tucker Carlson or Vivek Ramaswamy to be his running mate
▼ + stars: | 2024-03-30 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +1 min

Donald Trump Jr. said he is lobbying for his father to choose a "fighter" as his running mate. He said he is suggesting people like Tucker Carlson, Vivek Ramaswamy, and Sen. JD Vance. Donald Trump is still unsure about who will be his vice presidential pick, reports say. AdvertisementDonald Trump Jr. said he's lobbying his father to pick a "fighter" like Tucker Carlson or Vivek Ramaswamy to be his running mate. "What I want in that role is I want a fighter," Trump Jr. told The New York Post, "I understand what they are going to throw at us."

Persons: Donald Trump Jr, Tucker Carlson, Vivek Ramaswamy, Sen, JD Vance, Donald Trump, —, Trump Organizations: Service, New, Business Locations: New York

Other Republicans in the House and Senate often simply shrug when asked about Trump’s agenda, pointing to policies they like and others they might support. Trump himself has suggested having a “very tiny little desk” on the Capitol steps so he can sign documents on Inauguration Day, Jan. 20, 2025. “On Day 1 of President Trump’s new administration, Americans will have a strong leader," said Karoline Leavitt, the campaign’s national press secretary. Republicans and Democrats resisted a White House effort to commandeer funds for a U.S.-Mexico border wall, leading to the longest government shutdown in history. Republican Sen. John McCain of Arizona, who died in 2018, famously gave a thumbs-down to Trump's effort to repeal the health law known as the Affordable Care Act.

Persons: Donald Trump, “ We’re, ”, Republican Sen, JD Vance, Ohio, Trump, Joe Biden, Mitch McConnell of, Mike Johnson, Vance, wasn't, Marjorie Taylor Greene, Greene, Trump . Greene, Johnson, it’s, Paul Dans, “, Trump’s, Karoline Leavitt, John McCain of, Biden, Sen, Mitt Romney, Jason Chaffetz, GOP Sen, Josh Hawley, ” Hawley, Ted Cruz, Cruz, Eisenhower, Marco Rubio, Rubio, they’re, Vanessa Cardenas, Jill Colvin Organizations: WASHINGTON, Capitol, Republicans, Trump, Republican, Democratic, Republican Party, GOP, Trump’s, Biden, Trump ., Senate, Trump White House, Heritage Foundation's, Democrats, Affordable, Republican National Committee, Justice Department, America’s, Press Locations: Mitch McConnell of Kentucky, Marjorie Taylor Greene of Georgia, Washington, U.S, Mexico, John McCain of Arizona, Utah, Josh Hawley of Missouri, Texas, New York

☆ Byron Donalds, potential VP pick, once attacked Trump and praised outsourcing, privatizing entitlements
▼ + stars: | 2024-03-29 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +7 min

“President Trump is considering Byron as his running mate because of the Congressman’s steadfast support for the 45th President and his historic policy agenda. Donalds rose to prominence in Trump world last year when the Florida congressman endorsed Trump over Florida Gov. While Trump has asked allies their thoughts on Donalds as vice president, advisers have acknowledged the complications of this scenario given they both are residents of Florida. But Donalds’ embrace of Trump when running for Congress was a far cry from his tea party activism a decade ago. During his 2012 campaign for Congress, Donalds heavily embraced calls to privatize Social Security and Medicare – two programs Trump (and Donalds) now promise not to cut.

Persons: Byron Donalds, Donald Trump, Donalds, Barack Obama, “ Trump, ” Donalds, CNN’s KFile, Trump, –, Obama, Facebook “ Trump, Bush, ” “ Trump, Trump’s, Byron, ”, Ohio Sen, J.D, Vance, Elise Stefanik, Florida Sen, Marco Rubio, Joe Biden, Ron DeSantis, He’s, Mitt Romney, Romney, it’s, “ I’m, Paul Ryan Organizations: CNN, Florida Republican Rep, Facebook, White, Social Security, “, Republican, New York, Trump, Florida Gov, Fox News, GOP, Congress, statehouse, Democrats, Rep, Republicans Locations: China, Michigan, Ohio, Florida, Trump, let’s, Bangladesh, Taiwan, Chile

☆ How corporate PAC money could end up in the personal coffers of Sens. JD Vance and Markwayne Mullin
▼ + stars: | 2024-03-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

At the same time, they've been taking tens of thousands of dollars in corporate PAC money — some of which may be ending up directly in the senators' bank accounts. This story is available exclusively to Business Insider subscribers. Between the 2022 election and the end of 2023, Vance has used $78,000 in corporate PAC contributions to repay campaign debts, while Mullin has done the same with $45,000 in corporate cash. Mullin did the same with 19 corporate PACs, including ConocoPhillips, ExxonMobile, and GlaxoSmithKline. He also promised not to take corporate PAC money during the GOP primary, only to reserve that pledge during the general election against Democratic Rep. Tim Ryan, who did accept corporate PAC money.

Persons: —, JD Vance, Markwayne Mullin, they've, Vance, Mullin, Sen, Ted Cruz, Elena Kagan, Cruz, Jordan Libowitz, Republican Sen, Ron Johnson of, Ron Johnson, Shawn Thew, who's, Tim Ryan, didn't, Vance's, Saurav Ghosh, Ghosh Organizations: Service, Sens, Indiana, Business, Texas Republican, Finance, FEC, Citizen, Washington, Capitol, Republican, Getty, Pro, Comcast, Intel, General Motors, Walmart —, ConocoPhillips, GlaxoSmithKline, GOP, Democratic Rep Locations: Ohio, Texas, Ron Johnson of Wisconsin, AFP, Oklahoma, The Ohio, ExxonMobile

☆ All-star financial panel lays out the Powell policy protection playbook
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll-star financial panel lays out the Powell policy protection playbookMeghan Shue, Head of Investment Strategy and Portfolio Construction at Wilmington Trust, and Vance Howard, CEO and Portfolio Manager at Howard Capital Management, discuss how to invest around the Fed's latest monetary policy decision.

Persons: Powell, Meghan Shue, Vance Howard Organizations: Investment, Wilmington Trust, Howard Capital Management Locations: Wilmington

The union has come close to representing workers at the VW plant in two previous elections. Some prominent Tennessee Republican politicians had urged workers to vote against the union during both campaigns. The year after the 2014 vote failed, 160 Chattanooga maintenance workers won a vote to form a smaller union, but Volkswagen refused to bargain. In November, VW gave workers an 11% pay raise at the plant, but the union says VW's pay still lags behind Detroit automakers. Top assembly plant workers in Chattanooga make $32.40 per hour, VW said.

Persons: —, we'll, Yolanda Peoples Organizations: DETROIT, United Auto Workers, Workers, National Labor Relations Board, UAW, Detroit automakers, Tesla, Nissan, Mercedes, Benz, Hyundai, Kia, Toyota, Honda, VW, NLRB, Volkswagen, Tennessee Republican, General Motors, Ford, Detroit Locations: Chattanooga , Tennessee, Chattanooga, Tennessee, Mercedes, Vance , Alabama, Tuscaloosa, Alabama

☆ Trump could face a rare defeat in the chaotic Ohio GOP Senate primary by someone he calls the 'next Mitt Romney'
▼ + stars: | 2024-03-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

There's a contentious Senate primary in Ohio between a traditional Republican and a Trump loyalist. AdvertisementIn recent days, former President Donald Trump has found himself locked in a proxy showdown with establishment GOP figures in Ohio. Ohio State Sen. Matt Dolan at an event in Salem, Ohio on March 15, 2024. "President Trump wants Bernie," said Noem, adding that "should be enough reason" for rally attendees to convince their friends to vote for Moreno. "You're gonna want President Trump in Ohio a lot," Noem later said.

Persons: Trump's, — Bernie Moreno —, Moreno, —, Donald Trump, Bernie Moreno, who's, Sen, Matt Dolan, Mike DeWine, Rob Portman, Dolan —, That's, Dolan, Mitt Romney, Trump, DeWine, Democratic Sen, Sherrod Brown, Frank LaRose, Kristi Noem, Bernie …, Bill Clark, he's, Steve Daines, Kari Lake, Brown, MAGA, Moreno —, JD Vance —, Vance, Scott Olson, Bernie, Noem, that's, Kimberly Curtis Organizations: Republican, Trump, Service, US Senate, Gov, Ukraine —, Democratic, PAC, GOP, Associated Press, Business, Ohio, Getty, Republicans, National Republican Senatorial, Republican Party, Cleveland Guardians, Cleveland Indians, Senate Locations: Ohio, Dayton, Ukraine, Utah, South Dakota, Salem , Ohio, Montana, Montana and Michigan, Arizona, Dayton , OH, Troy , Ohio

VANDALIA, Ohio (AP) — Former President Donald Trump claimed that he — not President Joe Biden — will protect Social Security and warned of a “bloodbath” if he loses in November as he campaigned for Senate candidate Bernie Moreno in Ohio. Moreno faces Secretary of State Frank LaRose and state Sen. Matt Dolan in Tuesday’s GOP primary. Trump also dismissed recent allegations against Moreno, comparing them to attacks he has faced through the years, including his criminal indictments. “You will not be able to have Social Security with this guy in office because he’s destroying the economics of our country. “I made a promise that I will always keep Social Security, Medicare.

Persons: Donald Trump, —, Joe Biden —, Bernie Moreno, Trump, Moreno, Frank LaRose, Sen, Matt Dolan, LaRose, Dolan, Mike DeWine, Rob Portman, Saturday's, isn’t, I’m, Marco Rubio, Trump’s, ”, “, “ He’s, ” Trump, Moreno’s, Dan Ricci, Biden, Mitt Romney, Ohio Sen, JD Vance, Kristi Noem, Tuesday's, Sherrod Brown, Brown, Jim Renacci, ___ Colvin, Brian Slodysko, ___ Meg Kinnard Organizations: Social Security, Trump, Tuesday’s GOP, Gov, Buckeye Values PAC, Biden, Republican, NBC, Associated Press, Social, CNBC, Cleveland Indians, Cleveland Guardians, Ohio, South Dakota Gov, Senate Locations: VANDALIA , Ohio, Ohio, Dayton, America, Washington, Tuesday’s, Cleveland, New York

☆ 2 AI beneficiaries that haven't caught up yet, according to top value investor
▼ + stars: | 2024-03-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Artificial intelligence-adjacent stocks have been the clear leaders of this bull rally, but there may still be some potential beneficiaries of the trend that haven't caught up yet, according to Aaron Dunn. Shares of Micron have rallied 9% so far this year, but Nvidia has gained 77% over the same time period. MU 6M mountain MU 6-month chart Dunn also listed professional services firm Accenture as a potential AI beneficiary. "Businesses will need help in understanding how AI should be used and the eventual implementation of those technologies," he said. ACN 6M mountain ACN 6-month chart Dunn's fund, Eaton Vance's Focused Value Opportunities Fund , has underperformed its benchmark, the Russell 1000 Value Index , so far this year.

Persons: Aaron Dunn, Dunn, Eaton Vance, he's, that's, it's, —, Eaton Organizations: Morgan Stanley Investment Management, Eaton Vance Value, CNBC, Micron, Accenture, U.S, MU, Nvidia, Morningstar

☆ Trump says there will be 'bloodbath' if he doesn't get elected in November as he campaigns for GOP's Bernie Moreno in Ohio
▼ + stars: | 2024-03-16 | by ( ) www.cnbc.com time to read: +7 min

Republican presidential candidate former President Donald Trump gestures to the crowd at a campaign rally Saturday, March 16, 2024, in Vandalia, Ohio. Former President Donald Trump claimed that he — not President Joe Biden — will protect Social Security and warned of a "bloodbath" if he loses in November as he campaigned for Senate candidate Bernie Moreno in Ohio. Trump also dismissed recent allegations against Moreno, comparing them to attacks he has faced through the years, including his criminal indictments. "You will not be able to have Social Security with this guy in office because he's destroying the economics of our country. "I made a promise that I will always keep Social Security, Medicare.

Persons: Donald Trump, —, Joe Biden —, Bernie Moreno, Trump, Moreno, Frank LaRose, Sen, Matt Dolan, LaRose, Dolan, Mike DeWine, Rob Portman, Saturday's, isn't, I'm, Marco Rubio, Trump's, He's, Moreno's, Dan Ricci, Biden, Mitt Romney, Ohio Sen, JD Vance, Kristi Noem, Tuesday's, Sherrod Brown, Brown, Jim Renacci Organizations: Social Security, Trump, Tuesday's GOP, Gov, Buckeye Values PAC, Biden, Republican, NBC, Associated Press, Social, CNBC, Cleveland Indians, Cleveland Guardians, Ohio, South Dakota Gov, Senate Locations: Vandalia , Ohio, Ohio, Dayton, America, Washington, Tuesday's, Cleveland

That same day, Mr. Trump’s campaign announced that the former president would appear alongside Mr. Moreno on Saturday in Dayton, widely interpreted as a sign that Mr. Moreno could benefit from an 11th-hour boost. Simultaneously, Mr. Moreno and his backers have portrayed Mr. Dolan as not sufficiently supportive of Mr. Trump. After Mr. Trump overwhelmingly won the former battleground state in 2016 and 2020, Ohioans sent J.D. Image Mr. Moreno has been endorsed by, and campaigned with, several Republicans with ties to Mr. Trump, including Gov. Mr. LaRose and Mr. Moreno have banded together to attack Mr. Dolan as disloyal to Mr. Trump, while both Mr. Dolan and Mr. LaRose have accused Mr. Moreno of shifting his views on everything from gun control to Mr. Trump himself.

Persons: Donald J, Trump’s, Bernie Moreno, Sherrod Brown, Moreno, Matt Dolan, Frank LaRose, Dolan, Mike DeWine, Rob Portman, LaRose, Mr, Trump, Donald Trump, ”, Ryan Stubenrauch, DeWine, Portman, Brown, Ohioans, J.D, Vance, Biden, Moreno’s, “, Mitch McConnell, McConnell, Donald Trump Jr, ” Mr, ” Reagan McCarthy, won’t, Jim Renacci, “ Trump, Katie Smith, they’ll, Kristi Noem, Vivek Ramaswamy, Vance of Ohio, —, Noem, Donald Trump isn’t, Mitzi Baird, ” Ms, Baird, Michael C, Bender Organizations: Republican, Republicans, Democrat, Senate, Mr, Democratic, Cleveland Guardians, Trump, Republican Party —, National Republican Senatorial Committee, Ohio Democratic Party, U.S . Army, Washington , D.C, ”, Lincoln Locations: Ohio, Dayton, Arizona, Cleveland, Washington, G.O.P, battlegrounds, Pennsylvania, Georgia, South Dakota, Cincinnati, Washington ,, Columbus, Elyria, Vermilion

☆ Why does Biden keep mentioning January 6? Because Trump won’t stop talking about it
▼ + stars: | 2024-03-16 | by ( Edward-Isaac Dovere | Steve Contorno | ) edition.cnn.com time to read: +14 min

It’s Biden’s campaign aides who have been surprised how much that’s true. A running mate litmus testBiden aides say January 6 and the footage from it will be a central feature of their advertising campaigns, the convention and beyond. Trump, for his part, keeps talking about it and his aides aren’t really trying to stop him. About 56 percent of independent voters continue to believe Trump was largely responsible for it, virtually unchanged during that stretch. But Biden aides say that’s a big part of why the images and memories of January 6 itself are so important.

Persons: Donald Trump, Trump, Joe Biden, It’s, ”, Mike Donilon, “, We’re, ’, Kamala Harris, CNN —, reverberating, Biden, Jan, litmus, aren’t, Mike Pence, Elise Stefanik, Ohio Sen, J.D, Vance, South Carolina Sen, Tim Scott, Ben Carson, Doug Burgum, Pence, Scott, Burgum, ’ Biden, didn’t, it’s, ” Donilon, there’s, Mike Johnson, Barry Loudermilk, That’s, Loudermilk, Matt Gaetz, Tim Burchett, Jeff Van Drew, insurrectionists, they’ll, Harris, Matt Barreto –, –, Barreto, ” Barreto, ” Biden, Kari Lake’s, denialism, Chris DeLuzio, —, ” DeLuzio, ” Will Rollins, Ken Calvert —, ” Rollins, Annie Grayer, Ariel Edwards, Levy Organizations: CNN, Capitol, Democratic, Biden, Trump, South, North Dakota Gov, Republicans, Trump voters, Washington Post, University of Maryland, White, Congressional Republicans, GOP, Republican, House Republican Conference, ”, Trump Republicans, Democratic National Committee, —, Democrat, Southern Californians, GOP Rep Locations: Wilmington, New York, Ohio, South Carolina, America, Charlottesville, Valley Forge, Georgia, Florida, Tennessee, New Jersey, Ukraine, Israel, U.S, Arizona, Pennsylvania

☆ Trump heads to Ohio ahead of competitive Senate primary with huge stakes for November
▼ + stars: | 2024-03-16 | by ( Simone Pathe | ) edition.cnn.com time to read: +12 min

Then came the endorsement from DeWine, who had previously suggested he wouldn’t get involved in the Senate primary. “Everyone loves Mike DeWine, but that’s not where the party is right now,” said Ohio Republican consultant Bob Kish, who’s not working for any of the candidates. The fight to defeat BrownWhoever emerges from Tuesday’s primary, Brown is in for a tough race in a state that Trump twice carried by 8 points. But like Montana Sen. Jon Tester, the other Democrat running in a Trump state this year, he’s done it before. “The Senate race will be the main event in Ohio,” said a national Democrat working on Senate races.

Persons: Donald Trump, Bernie Moreno, who’s, Democratic Sen, Sherrod Brown –, Trump, Moreno, Sen, Matt Dolan, Frank LaRose, Brown, Barack Obama, Republicans –, Dolan, Ohio Republicans –, Rob Portman, Mike DeWine, Kareem Elgazzar, hasn’t, ”, Bob Clegg, ” Trump, “, J.D, Vance, Clegg, DeWine, wouldn’t, Paul Vernon, “ Matt, Chris Maloney, –, ” Maloney, he’s, Bob Kish, There’s, CNN’s KFile, ” Kish, Bernie, Montana Sen, Jon Tester, they’ve, West Virginia Sen, Joe Manchin, Gaelen Morse, Ben Kindel, Besides Brown, didn’t, Bob Taft’s, Sherrod, ” Sen, Sherrod Brown, Julia Nikhinson, Hillary Clinton, won’t, ” CNN’s David Wright Organizations: CNN, Republican, GOP, Democratic, Senate, Trump, Republicans, Ohio Republicans, Ohio GOP, Warren County GOP adjourns, Green Beret, Club, Cleveland Indians, Cleveland Guardians, Central State University, AP, Buckeye State, Republican Party –, “, West, PAC, Fund, Reuters, Democrat, Capitol Locations: Ohio, Warren County, Lebanon , Ohio, Mexico, Colombian, Wilberforce , Ohio, Montana, Trump, Columbus, Ohio’s suburbs, “

☆ LinkedIn cofounder Reid Hoffman and Microsoft's AI chief are backing Abigail Spanberger's 2025 Virginia governor run
▼ + stars: | 2024-03-14 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

Two of the tech industry's biggest AI champions are backing Rep. Abigail Spanberger's run for governor of Virginia in 2025, campaign finance records show. Hoffman donated $250,000 on November 30, and Scott donated $125,000 on December 22. The donations, representing a total of $500,000 are the three largest individual contributions on record for Spanberger's campaign, which ended 2023 with over $3.6 million in funds received. Aside from their personal connections to the state, Virginia is home to the largest concentration of data centers in the world. Hoffman has previously donated over $300,000 to WinVirginia, a PAC that supports Democratic candidates in the state.

Persons: Abigail Spanberger's, Reid Hoffman, Kevin Scott, Hoffman, Scott, Shannon Hunt, Hunt, Prince William County, they're, Spanberger, Glenn Youngkin, Ohio US Sen, JD Vance, Joe Biden's, Nikki Haley, Ellen Thomas Organizations: Microsoft, Business, Democratic, Spanberger, University of Virginia, Culpeper ., CIA, Virginia Gov, Republican, LinkedIn, Ohio US, Trump Republicans, South Carolina Gov, PAC Locations: Virginia, Greylock, Prince William, Spotsylvania, Culpeper, Richmond, San Francisco Bay, Rural America, Silicon, Hampshire

Mike DeWine of Ohio parted ways with Donald Trump on Monday and endorsed state Sen. Matt Dolan over Trump-backed businessman Bernie Moreno in the state's three-way GOP primary for a U.S. Senate seat. In breaking ranks with the former president, DeWine called Dolan the party's best shot at defeating Democratic incumbent Sherrod Brown in November. Ohio’s state GOP was the first in the nation to endorse Trump for president this year. Only about two weeks ago, DeWine told reporters he didn’t plan any endorsement in the GOP primary, which also features Ohio Secretary of State Frank LaRose, his fellow state officeholder. Moreno campaigned Monday throughout central Ohio with Trump-backed South Dakota Gov.

Persons: Mike DeWine, Donald Trump, Sen, Matt Dolan, Bernie Moreno, DeWine, Dolan, Sherrod Brown, Brown, didn't, Fran, ”, “, Trump, Frank LaRose, Rob Portman, DeWine's, Moreno, LaRose, ” Moreno, Kristi Noem, He's, Donald Trump Jr, Ohio's Trump, JD Vance, Jim Jordan, Rand Paul of Kentucky, Ted Cruz, Newt Gingrich, who's, Joe Biden Organizations: — Republican Gov, Trump, U.S, Senate, Democratic, Republican, Ohio, GOP, Moderate, Green Beret, Cleveland Guardians, South Dakota Gov, Republican U.S, Trump fighter U.S . Rep Locations: COLUMBUS , Ohio, Ohio, Cleveland, Sens, Ted Cruz of Texas, U.S

☆ A trio of tech companies announced new dividends. Here's what it means for the sector
▼ + stars: | 2024-03-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Growing, rather than maintaining the dividend, is the next big step for tech companies kicking off these payments. About 85% of analysts rate Meta a buy or a strong buy, but they see less than 4% upside from here, per LSEG, formerly known as Refinitiv. Salesforce's board declared a cash dividend of 40 cents per share, payable on April 11 to stockholders of record as of March 14. In all, about 72% of analysts covering Salesforce say it's a buy or a strong buy, and the average price target suggests about 5% upside from here, per LSEG. Nearly two-thirds of analysts covering the stock deem it a buy or a strong buy, and the average price target implies 12% of upside, according to LSEG.

Persons: Charlie Gaffney, Gaffney, Eaton Vance, there's, Meta, Salesforce's Organizations: Morgan Stanley Investment Management, CNBC, Booking Holdings, Meta, Holdings, Google

☆ Kyrsten Sinema’s exit puts the spotlight on the Senate’s shrinking pool of dealmakers
▼ + stars: | 2024-03-08 | by ( Lauren Fox | ) edition.cnn.com time to read: +9 min

For months, the two of them had worked tirelessly alongside Republican Sen. James Lankford of Oklahoma to craft a bipartisan deal on immigration. “The base of each party wants individuals who will fight, but not individuals who will reach across the aisle to get things done,” Republican Sen. Mitt Romney of Utah said. “I’ve seen a shift towards basically really not wanting to do anything,” West Virginia Republican Sen. Shelley Moore Capito said. Last cycle alone saw the retirement of Ohio Republican Sen. Missouri Republican Sen. Roy Blunt, another GOP pragmatist, retired after the 2022 election, replaced by Sen. Eric Schmitt.

Persons: Sen, Kyrsten, Democratic Sen, Chris Murphy, Republican Sen, James Lankford of, Sinema, Murphy, ” Murphy, “, ” Sinema, Donald Trump, Mitt Romney, Joe Manchin, he’d, Romney, Trump, ” Romney, I’ve, ” West Virginia Republican Sen, Shelley Moore Capito, Ohio Republican Sen, Rob Portman, J.D, Vance, Trump . Missouri Republican Sen, Roy Blunt, GOP pragmatist, Eric Schmitt, appropriator Sen, Richard Shelby of, Richard Burr of, Bob Corker, Marsha Blackburn, Anna Moneymaker, we’ve, Lamar Alexander, ”, Tim Kaine, “ We’re, Kari Lake, –, Mark Kelly, ” Corker, Kaine, Todd Young, Thom Tillis, It’s, Brian Schatz, ” Sen, Mark Warner, Nathan Howard, Manchin, John Cornyn of, John Thune of, isn’t Organizations: Democratic, Connecticut, Republican, CNN, Senate, ” West Virginia Republican, Ohio Republican, GOP, Trump . Missouri Republican, Intelligence, Senate Foreign Relations, 118th, Democrat, North Carolina Republican, Getty, America Locations: Arizona, James Lankford of Oklahoma, Utah, Virginia, Ohio, Richard Shelby of Alabama, Richard Burr of North Carolina, Tennessee, Indiana, Hawaii, Washington , DC, John Cornyn of Texas, John Thune of South Dakota, America

The Biden administration has limited credit card late fees to $8, a 75% reduction. Federal Reserve BoardA study by the CFPB published in 2022 showed that credit card late fees are disproportionally collected from people in low-income neighborhoods. The Good Brigade/Getty ImagesReduced credit card late fees would also be worth about $414 million to the real estate industry. A drop in the bucket of credit card costsCredit card debt is now at record levels and interest rates on those cards have soared. Interest and other credit card fees cost consumers more than $1,100 a year and are still growing.

Persons: Biden, Vance Ginn, Jenny Thorvaldson, Thorvaldson Organizations: Consumer Financial, Business, IMPLAN, Biden, Federal Reserve Bank, Federal, Brigade, Centers for Disease Control, Money Management, MMI

The decision to blow open five tank cars and burn the toxic chemical inside them after a freight train derailed in Eastern Ohio last year wasn't justified, the head of the National Transportation Safety Board told Congress Wednesday. “There was another option: let it cool down.”However, that information was never relayed to Ohio Gov. But the agency won't release its final report on what caused the Feb. 3, 2023, derailment until it holds another hearing this June. "The successful controlled release prevented a potentially catastrophic uncontrolled explosion.”Krissy Ferguson, 49, has not been able to return home since the derailment. The NTSB has said that it appears an overheating bearing on one of the railcars caused the derailment.

Persons: wasn't, Jennifer Homendy, ” Homendy, Mike DeWine, Dan Tierney, ” Tierney, “ Nobody, Keith Drabick, Homendy, Oxy, Drew McCarty, Republican Sen, JD Vance, Drabick, “, Vance, Norfolk, ” Krissy Ferguson, ” Misti Allison, ” Allison, ”, Alan Shaw, Patrick Orsagos Organizations: National Transportation Safety, Norfolk Southern, “, Ohio Gov, Palestine Fire, Professional Services, Republican, NTSB, Associated Press Locations: Eastern Ohio, East Palestine , Ohio, East Palestine, Columbus , Ohio

☆ Deliberate toxic burn following Norfolk Southern derailment was not necessary, safety regulator testifies
▼ + stars: | 2024-03-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

The officials on the ground who authorized the controlled burn were told they had only minutes to make the decision before an explosion. Aerial view of a train cars that had carried vinyl chloride taken two days after a controlled burn of the toxic chemicals in the tanks. NTSB Chair Jennifer Homendy testified at a Senate committee Wednesday that the controlled burn was not scientifically necessary. “The people of East Palestine are still living with the consequences of this toxic burn. So they were provided incomplete information to make a decision [to have a controlled burn].”

Persons: Sen, J.D, Vance, Jennifer Homendy, Homendy, ”, ” Vance, Sherrod Brown, Brown, “, Oxy, ” Homendy, didn’t Organizations: New, New York CNN, National Transportation Safety, Ohio Republican, Norfolk, Wednesday, “, Norfolk Southern, US, Ohio EPA Locations: New York, East Palestine , Ohio, Ohio, Norfolk Southern, Pennsylvania, Palestine, East Palestine, Norfolk

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