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☆ Scott Turner, a former NFL player and Trump’s pick to lead Housing and Urban Development, faces a difficult task
▼ + stars: | 2024-11-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Donald Trump ran on the promise of steep government budget cuts, and some industry experts believe money flowing toward HUD could be on the chopping block. The housing agency provides rental assistance for low-income households, administers mortgage insurance to prospective homeowners and enforces fair housing law. During Trump’s first term, his office repeatedly sought to make steep cuts to HUD’s budget, though they never passed Congress. If Trump successfully implements budget cuts “there will be longer waiting lists for housing vouchers. Liz Osborn, the vice president of policy at Enterprise Community Partners, a nonprofit focused on home access and affordability, said that HUD budget cuts in Trump’s second term aren’t a guarantee, though.

Persons: Scott Turner, Donald Trump, ”, Bob Greenstein, Turner, Ben Carson, Trump’s, Carl Harris, ” Harris, Bob Broeksmit, Broeksmit, Trump, Ginnie Mae, ” Broeksmit, Elon Musk, Vivek Ramaswamy, that’s, Howard Husock, Biden, ” Husock, Husock, Liz Osborn, “, ” Osborn, ” Turner, ” Trump, JPMorgan Chase Organizations: CNN, Department of Housing, Urban Development, Brookings Institution, NFL, National Association of Home Builders, HUD, Mortgage Bankers Association, Federal Housing Administration, “ Department, Government, American Enterprise Institute, Enterprise Community Partners, White, Economic, Scott’s, Urban Institute, JPMorgan Locations: America, Trump’s

☆ Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand
▼ + stars: | 2024-11-25 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. "We have also the opportunity to have bigger stores in the U.S.," he noted, adding Mango will open some multiline stores that feature men's and kids' items. Mango's sales grew more than 10% in the U.S. this year and the company expects to see double-digit growth again next year. The goal is part of a larger strategic plan at Mango focused on growing sales from about 3.1 billion euros annually to 4 billion euros by 2026. We also have 500 people taking care of the product from end to end," said Ruiz.

Persons: Toni Ruiz, Ruiz, Spain's Zara, Japan's Organizations: Sun, CNBC, D.C Locations: U.S, Barcelona, Los Angeles, Mango's, Spain, Pennsylvania, Washington, Massachusetts, Europe

☆ Data centers powering artificial intelligence could use more electricity than entire cities
▼ + stars: | 2024-11-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The power needs of artificial intelligence and cloud computing are growing so large that individual data center campuses could soon use more electricity than some cities, and even entire U.S. states, according to companies developing the facilities. Now, with the advent of artificial intelligence, data centers are growing so large that finding enough power to drive them and enough suitable land to house them will become increasingly difficult, the developers say. Technology companies are in a "race of a lifetime to global dominance" in artificial intelligence, said Ali Fenn, president of Lancium, a company that secures land and power for data centers in Texas. Beyond VirginiaAs land and power grow more limited, data centers are expanding into new markets outside the long-established global hub in northern Virginia, Sahlstrom said. The privately-held company is working with utilities to secure up to 1.8 gigawatts of power for the site to support as many as 40 individual data centers.

Persons: Ali Fenn, Nat Sahlstrom, Sahlstrom, Phoenix — Organizations: Technology, Phoenix, CNBC, Department of Energy, Bureau Locations: U.S, Pittsburgh, Texas, Denver, Virginia, Maricopa County , Arizona, Storey County , Nevada, Reno, Buckeye , Arizona

☆ 12 tactics America's wealthiest use to save big on taxes, from putting mansions in trusts to stashing fortunes for a 1,000 years
▼ + stars: | 2024-11-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +12 min

Currently, individuals and married couples can gift or bequeath $13.61 million and $27.22 million, respectively, before a 40% federal estate tax kicks in. AdvertisementThe heirs don't own the trust assets but rather have lifetime rights to the trust's income and real estate. Any payout is also protected from estate taxes, even if the insured's estate and death benefit exceed the exemption. AdvertisementThis tactic can also be used to save on estate taxes by ultra-rich entrepreneurs who have already used their exemption but have less-wealthy parents who haven't. When the children inherit the assets, the federal estate tax doesn't kick in as long as the grandparents' estate does not exceed $27.22 million.

Persons: Trump, Robert Strauss, Weinstock Manion, Uncle Sam, Wrigley, Jeff Bezos, Jackie O, Edward Renn, Tyler Le, remarries, Jenny Chang, Rodriguez, Sam Walton, haven't Organizations: Republican, Getty, IRS, Federal Reserve, Walmart Locations: Cayman Islands, Bermuda, Washington, Florida, Wyoming, Plenty

☆ Number of PwC partners taking early retirement jumps amid consulting slowdown
▼ + stars: | 2024-11-23 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

AdvertisementDozens of UK partners at PwC will take early retirement in December, Sky News reported. More PwC partners than usual will take early retirement at the end of this year, marking another shake-up at the firm's UK division since the appointment of a new boss, Marco Amitrano, in Spring. PwC's 1,030 UK partners were informed this week via a voice memo from Amitrano that dozens of partners would take early retirement next month, Sky News reported. AdvertisementThe jump in partners taking early retirement follows a series of changes following Amitrano's elevation to senior partner for the UK and Middle East in April. UK partners at PwC took home an average of £862,000 (about $1.1 million) this financial year, 5% less than they did in 2023.

Persons: PwC, Marco Amitrano, —, Amitrano Organizations: PwC, Sky News, Big, — Deloitte, EY, KPMG, East, Deloitte, Labour Locations: Spring

Were Trump to follow through on his vow to impose tariffs on imports on Europe as well as from China, they would likely deviate further. There is also uncertainty across the continent about what the new White House will mean for the war in Ukraine. In their view, China could help to pressure Russia over Ukraine as Xi loses patience with a war he did not expect would drag on for almost three years. One senior European diplomat said that while China has never explicitly condemned Russia’s invasion of Ukraine, it has helped in other ways to rein in Moscow. continues to say that Ukraine will negotiate when Ukraine wants to negotiate,” another European official said, “and that the E.U.

Persons: Donald Trump, don’t, Trump, Vladimir Putin, “, Olaf Scholz, Putin, Sydney Walsh, Volodymyr Zelenskyy, ‘, Mike Waltz, Xi, Sergey Bobylev, ”, Keir Starmer, Xi Jinping, Starmer, Jimmy Lai, Scholz, Emmanuel Macron, David Lammy, Wang Yi, Liu Bin, Joe Biden, Wu Xinbo, ” Wu, ” Cao Lei, Kim Jong, trickier, ” Keir Simmons, Jennifer Jett Organizations: NBC, Union, NBC News, “, U.S, Economist, Chinese Communist Party, Getty Images, ”, Group, British, Xinhua News Agency, Getty, Trump, Center for American Studies, Fudan University, University of Hong Kong’s, Contemporary, Foreign, South China Locations: DUBAI, United Arab Emirates, Beijing, Brussels, China, Europe, Ukraine, we’ll, Kazan, Russia, Anadolu, South, Taiwan, Moscow, Rio de Janeiro, Britain, Hong Kong, British, Shanghai, “, Contemporary China, “ China, European, North Korea, U.S, Dubai

Sexual misconduct allegations against Matt Gaetz had drawn scrutiny after Mr. Trump said he wanted to nominate him for attorney general. Mr. Trump moved quickly to replace Mr. Gaetz with another conservative favorite. Federal prosecutors ultimately dropped the case against Mr. Gaetz, but their chart of payments was obtained by the ethics committee, which was investigating whether Mr. Gaetz had sex with the woman when she was underage. After she turned 18, Mr. Gaetz paid for sex with her on at least two other occasions, the person said. Mr. Trump seemed attracted to Mr. Gaetz as attorney general especially because of the former congressman’s willingness to blow things up.

Persons: Matt Gaetz, Trump, Donald J, Gaetz, Pam Bondi, Gaetz’s, Pete Hegseth, Robert F, Kennedy Jr, Vance, Mr, ” Mr, “ Matt, Jean Carroll, Hegseth, Kennedy, Elon Musk, Linda McMahon, JD Vance, “, ”, Todd Blanche, Blanche, implacably, Lisa Murkowski, Susan Collins of, Mitch McConnell of, John Curtis of Utah, Collins, McConnell, Murkowski, Curtis, John Cornyn, Kevin Cramer, Ginger Luckey, Kevin McCarthy, Andrew Bailey, Robert J, Giuffra Jr, Cromwell, Boris Epshteyn, Marco Rubio, Trump’s, Tim Balk, Michael Gold, Michael C, Bender, Karoun Demirjian, Robert Draper, Catie Edmondson, Maya C, Miller, Michael S, Schmidt, Noah Weiland Organizations: Senate, Justice Department, Republicans, Fox News, Trump, DOJ, Mr, SpaceX, World Wrestling Entertainment, Capitol, Republican, Fort Walton, Florida Panhandle, New York Times, Wednesday, The Times, CNN, Sullivan, Department, Justice, Alcohol, Tobacco, Firearms, Explosives, 119th Locations: Florida, Washington, Ohio, Monterey , Calif, Manhattan, Alaska, Susan Collins of Maine, Mitch McConnell of Kentucky, Texas, North Dakota, Fort, Fort Walton Beach, Missouri, New York

☆ Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
▼ + stars: | 2024-11-22 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a hard blow to Europe's electrification ambitions. A partner of major European automakers, Northvolt produces lithium-ion batteries for the blooming electric vehicle industry, which has recently been rocked by intensifying competition. "This decisive step will allow Northvolt to continue its mission to establish a homegrown, European industrial base for battery production," said Tom Johnstone, interim chairman of Northvolt's board. "Despite near-term challenges, this action to strengthen our capital structure will allow us to capture the continued market demand for vehicle electrification," he added. The Stockholm-based business has long been regarded as Europe's best hope of building a homegrown EV battery champion.

Persons: Northvolt, Tom Johnstone Organizations: EV Locations: Skelleftea, Sweden, Swedish, U.S, Stockholm

Percival Everett’s new novel, “James,” a retelling of “The Adventures of Huckleberry Finn” from the perspective of Huck’s enslaved companion, won the National Book Award for fiction on Wednesday. Critics have called Everett’s retelling “a slyly funny masterpiece.”The National Book Award is the latest in a string of accolades for the 67-year-old author, who has dozens of books and short stories under his belt. One of Everett’s books, “Erasure,” was adapted in 2023 into a film, “American Fiction,” starring Jeffrey Wright. The National Book Foundation awarded Jason De León’s “Soldiers and Kings: Survival and Hope in the World of Human Smuggling” in the nonfiction category. In response, National Book Foundation executive director Ruth Dickey has said Coates was being honored for his body of work rather than any individual publication.

Persons: Percival Everett’s, “ James, ”, Huckleberry Finn ”, “ James ”, Mark Twain, Jim, Everett, ” Everett, “, Huck Finn, James ”, Booker, Jeffrey Wright, Jason De León’s, Barbara Kingsolver, Paul Coates, Critics, Coates, Ruth Dickey Organizations: BBC, Foundation, Black Classic Press, Book Foundation Locations: America

Americans will see the new Trump administration enact changes at a pace that is “like nothing you’ve seen in history,” a Trump campaign official said. Trump’s transition team is also fielding requests from overseas to host his first foreign trip. Coming off a decisive victory on Nov. 5, Trump has moved swiftly to build out the Cabinet and a senior White House team that will execute his plans. “The thing to realize is Trump is no dummy,” said Stephen Moore, a senior economic adviser in Trump’s campaign. Noem campaigned for Trump, though a person close to Trump was surprised he tapped her for the job.

Persons: Donald Trump, Trump, Joe Biden’s, Biden, Karoline Leavitt, “, Volodymyr Zelenskyy, Ron Klain, Donald Trump Jr, Mike Pompeo, “ Don, that’s, ” Trump, ”, Stephen Moore, he’s, ” Moore, Will Trump, We’re, Newt Gingrich, Gingrich, ” Gingrich, Ronald Reagan’s, Chad Wolf, Harris, Kristi Noem, hasn’t, Noem, ’ ” Trump, Grover Cleveland Organizations: WASHINGTON, ., NBC, Trump, Trump’s, White House, Policy Institute, CIA, Security, NBC News, Migration Policy Institute, DHS, Biden, Department of Homeland Security, Cricket, ”, Cleveland Locations: Jan, West Palm Beach , Florida, Ukraine, Russia, Washington, America, South Dakota, U.S, China

By the end of the day, Trump had announced a new pick for attorney general: Pam Bondi, the former attorney general of Florida. One by one, the senator wanted to know who had told Gaetz “yes” they were with him. After being asked for comment for CNN’s story, Gaetz announced his withdrawal as Trump’s nominee for attorney general. “I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. Some lawmakers have already asked the parliamentarian to weigh in and clear up the confusion, one source told CNN.

Persons: JD Vance, Matt Gaetz, they’d, Vance, “, Donald Trump, Trump, Gaetz, Gaetz —, he’d, Department —, ” Gaetz, Pam Bondi, Gaetz’s, Republican Sen, Kevin Cramer of North, ” Cramer, wouldn’t, ’, Trump’s, Gaetz couldn’t, Matt, ” Trump, Karoline Leavitt, Pete Hegseth, Robert F, Kennedy Jr, Kevin McCarthy, Kentucky Sen, Mitch McConnell, Maine Sen, Susan Collins, Oklahoma Sen, Markwayne Mullin, Dakota Sen, Mike Rounds, “ I’m, Rounds, ” Sen, Roger Wicker, Cynthia Lummis, Florida Sen, Rick Scott, ”, Will Gaetz, preemptively, Michael Guest, , CNN’s Kaitlan Collins Organizations: CNN, Capitol, Senate, Trump, Department, DOJ, Republican, GOP, Republicans, Justice Department, Administration, “, Department of Justice, Fox News, Defense Department, Department of Health, Human Services, Hill, Oklahoma, Mississippi Republican, Wyoming Republican, Democrats Locations: Florida, Washington, Kevin Cramer of North Dakota, Gaetz, Kentucky, Maine, Dakota, Mississippi, Wyoming

☆ Vance debuts new role as Trump’s point person on Capitol Hill
▼ + stars: | 2024-11-21 | by ( Alayna Treene | Steve Contorno | ) edition.cnn.com time to read: +8 min

Congressional Republicans acknowledge that Vance hasn’t necessarily developed longstanding relationships on Capitol Hill during his abbreviated time in Washington. His coattails turned a 49-51 senate to a 53-47 senate,” Vance wrote on X on Wednesday. The three developed a bond that predates the campaign and has carried into the early days of Trump’s transition. But when you look at the effectiveness of JD in the campaign, there’s no better surrogate for President Trump’s agenda,” the adviser said. “In JD’s view, his role of VP is to take on any issue that President Trump would like him to take on,” the person close to Vance told CNN.

Persons: JD Vance, Donald Trump’s, Vance, Matt Gaetz, he’ll, Pete Hegseth, Vance hasn’t, ”, North Dakota Sen, Kevin Cramer, Trump, “, Donald Trump, ” Cramer, ” Vance, “ Donald J, coattails, Joe Biden’s, Grace Chong, Steve Bannon’s, Chong, ” Trump, Tom Homan, ’, Tulsi Gabbard, Donald Trump Jr, —, Trump’s MAGA, Kamala Harris ’, JD, James Braid, “ Vance, you’ll, ” CNN’s Ted Barrett Organizations: CNN, Capitol, Trump’s Cabinet, Florida Rep, Fox News, Department of Defense, Senate, White, GOP, Cabinet, Trump, FBI, Republican, Democratic, Mar, Elon, JD, Central America —, “, White House Locations: Ohio, Washington, North Dakota, Central, Trump

☆ TJ Maxx parent says holiday shopping is off to a 'strong start,' but its guidance tells another story
▼ + stars: | 2024-11-20 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. "The fourth quarter is off to a strong start, and we are excited about our opportunities for the holiday selling season. For its holiday quarter, TJX is expecting comparable sales to grow between 2% and 3%, largely in line with the 3% uptick that StreetAccount analysts had expected. TJX is standing by its comparable sales guidance of 3% growth for the full year, just shy of the 3.2% growth that StreetAccount analysts had expected. It raised its pretax profit margin outlook from 11.2% to 11.3%, which matches StreetAccount's expectations, along with its earnings per share guidance.

Persons: TJX, Ernie Herrman, It's, LSEG, Maxx, TJ Maxx Organizations: TJX Companies, LSEG, Company, It's, HomeGoods, TJX, Brands, United Arab, Burlington, Ross, Bank of America Locations: HomeGoods, Sierra, TJX Canada, Europe, Australia, Dubai, United Arab Emirates, Saudi Arabia, Spain

☆ Trump may face bond vigilantes amid concerns over inflation and the deficit
▼ + stars: | 2024-11-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Bond vigilantes may pressure Washington to address deficits, affecting fiscal policy decisions. Wall Street doesn't constantly look to Washington for investment advice or direction, but the bond market is one place where they definitely intercept. The tipping point would create headwinds for the bond market as bond prices drop. The deficit is another sore spot, as promised tax cuts could further shrink government revenue. And this must be done by showing how they will offset tax cuts and remain fiscally responsible.

Persons: Jimmy Chang, Chang, they're Organizations: Trump, Republican, Rockefeller, Family Office Locations: Washington

☆ Why the West's vital undersea cables are so vulnerable to attack
▼ + stars: | 2024-11-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The vast networks of data cables that crisscross our world's oceans are crucial for almost every aspect of modern life. Related Video Ukraine's sea drones vs. Russia's Black Sea FleetDespite their importance, events this week have highlighted just how vulnerable the West's internet subsea cables are to attacks from hostile powers. Unlike Russia, whose internet cables mostly run overland, the cables Western countries rely on are deep under the sea — and it's an asymmetrical vulnerability Russia is signaling it could exploit. AdvertisementIn response to the threat, Western countries are trying to better protect existing cable networks or route data through satellites if they are disrupted. In the CSIS report in August, Murphy and other analysts called for the US to strengthen international coordination and enhance resources to protect existing undersea cable networks.

Persons: Boris Pistorius, Gregory Falco, KIRILL KUDRYAVTSEV, Falco, Erin Murphy, Sidharth, Murphy, Sybille Reuter, Henri Kronlund Organizations: German, Financial Times, Sibley School of Mechanical, Aerospace Engineering, Cornell University, Getty, AIS, Emerging, CSIS, General Staff, Directorate, Cinia, West Locations: Baltic, Russia, China, Germany, Finland, Sweden, Lithuania, Ukraine, Russian, Vladivostok, Western Europe, India, Emerging Asia, Washington ,, London, Iceland

☆ ‘Morning Joe’ meeting with Trump was driven by fears of retribution from incoming administration, sources say
▼ + stars: | 2024-11-19 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

New York CNN —“Morning Joe” co-hosts Joe Scarborough and Mika Brzezinski announced Monday, in dramatic fashion, that they went to Mar-a-Lago last week for a fence-mending meeting with President-elect Donald Trump. According to two sources with direct knowledge of the matter, Scarborough and Brzezinski were credibly concerned that they could face governmental and legal harassment from the incoming Trump administration. For that reason, there are a wide range of feelings about the “Morning Joe” meeting, according to half a dozen employees who spoke on condition of anonymity. Shortly after the Mar-a-Lago meeting was publicized, lawyer and MSNBC host Katie Phang posted on social media, “Normalizing Trump is a bad idea. On Monday afternoon, Scarborough posted a link on X to a Fox News story about his meeting with Trump.

Persons: Joe ”, Joe Scarborough, Mika Brzezinski, Donald Trump, Scarborough, Brzezinski, Trump, Elon Musk, Matt Gaetz, Gaetz, “, Katie Phang, Chuck Rocha, Joe, Mika, Jeff Jarvis, ”, White, Steve Bannon, Bannon, Andrew Weissmann, Ari Melber, they’re, Fox, ” Scarborough, Jeff Bezos’s, board’s, Kamala Harris, Bezos Organizations: New, New York CNN, Mar, Lago, MSNBC, CNN, Scarborough, Trump, Democratic, ” Veteran, Fox, Washington Post Locations: New York, Scarborough, America, ”

☆ Bose buys McIntosh, storied maker of high-end luxury audio equipment
▼ + stars: | 2024-11-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Bose Corp. will purchase the McIntosh Group, a deal that will give the Massachusetts-based company control of one of the most storied names in high-end audio. McIntosh will continue to manufacture the high-end audio equipment it is known for out of its longtime headquarters in New York, Bose CEO Lila Snyder said. The deal also includes Sonus Faber, a company that makes high-end speakers by hand in Italy. The purchase of the two audio workshops provides Bose access into the high-end luxury audio market, Snyder told CNBC in an interview. McIntosh has been making high-end amplifiers and other audio equipment since 1949, and one of its devices can cost tens of thousands of dollars.

Persons: McIntosh, Bose, Lila Snyder, Sonus Faber, Snyder Organizations: Bose Corp, McIntosh, CNBC, Highlander Partners, Forbes Locations: Massachusetts, New York, Italy, Dallas

And Gaetz himself has been making calls to GOP senators and visiting his own loyalists in the House GOP. The pressure is all building ahead of a planned Wednesday meeting of the House ethics panel, which is expected to discuss the fate of the report. But privately, Republicans on the panel are signaling that they could bury the report as Gaetz and Trump are making direct appeals. In a call last week to GOP Sen. Josh Hawley, Gaetz urged him “to give him a shot,” Hawley told CNN. Meanwhile, nearly 100 House Democrats are calling on the House Ethics Committee to “immediately” release the report.

Persons: Matt Gaetz, J.D, Vance, Donald Trump’s, Gaetz, GOP Sen, Chuck Grassley, we’ve, ” Grassley, “ You’ve, …, Sen, John Kennedy, Pete Hegseth, Elise Stefanik, Doug Collins, Trump, Lindsey Graham, Judiciary —, Josh Hawley, “, ” Hawley, Hawley, Mike Simpson, ” Simpson, ”, Simpson, Kevin McCarthy, “ Matt, Rogers, Gaetz wouldn’t, Tim Burchett, he’s, Glenn Ivey, Ivey Organizations: CNN, GOP, Capitol Hill, Republican, Trump, Louisiana Republican, Fox News, Department of Defense, United Nations, Veterans Affairs, Judiciary, House, Caucus, Missouri Republican, Republicans, Armed, Democrats, Capitol, Florida congressman, ” Democratic, Maryland Locations: Trump, Louisiana, United, Gaetz, Florida

☆ ‘It’s on him’: Democrats look to Hakeem Jeffries to plot a path to revival
▼ + stars: | 2024-11-19 | by ( Sarah Ferris | Annie Grayer | ) edition.cnn.com time to read: +9 min

In the last Congress, Democrats repeatedly helped Republicans keep the government open and propped up Speaker Mike Johnson when he faced a challenge to his leadership post. He even tapped other senior House Democrats to echo his message to the Biden team, according to another person familiar with the efforts. Still, unlike some in his party, Jeffries is not in despair, according to multiple people familiar with his thinking. But Democrats say Jeffries — alongside Senate Majority Leader Chuck Schumer, who will serve as minority leader in the next Congress — might be the best person to at least try. Internal party sparringOne of Jeffries’ toughest tasks will be keeping Democrats unified on immigration despite the many intraparty divisions.

Persons: Hakeem Jeffries, Jeffries —, Donald Trump, Jeffries, “, ’, Emanuel Cleaver, he’s, ” Jeffries, Mike Johnson, Trump, Rosa DeLauro, Harris, who’ve, Joe Biden, Kamala Harris, overperformed Harris, —, Chuck Schumer, ”, Gregory Meeks, Pramila Jayapal, Jim McGovern, Johnny Cash’s, McGovern, Chip Somodevilla, That’s, That’s James Madison’s, Jeffries didn’t, I’m, Henry Cuellar, ” Cuellar, Cuellar, Gabe Vasquez, Susie Lee of, Scott Peters, Scott Peters of California —, Anna Padilla, Democrats ’, CNN’s Ali, Haley Talbot Organizations: CNN, Democratic Party, House Democratic, Congressional Hispanic Caucus, Progressives, GOP, Capitol, Republicans, Biden, White, Democrats, Democratic, New York Democrat, Progressive, Getty, House Democratic Caucus, Congressional Hispanic, Scott Peters of, Bloomberg Locations: Washington, Yorker, Back, New York, —, Washington ,, New Mexico, Susie Lee of Nevada, Scott Peters of California, Albuquerque , New Mexico

The race for Democratic Party chair has officially launched with a onetime Maryland governor and unsuccessful presidential candidate Martin O'Malley announcing a bid to take the reins. The contest comes as former DNC Chair Jaime Harrison is leaving his post. One of the people most often cited in Democratic circles as a possibility for DNC chair is Wisconsin Democratic Party Chair Ben Wikler. Several DNC members privately said they were already backing Minnesota Democratic Party Chair Ken Martin. Kleeb is backing Martin for DNC chair, she said, while she is interested in seeking the ASDC chair post that Martin now holds.

Persons: Martin O'Malley, O'Malley, Jaime Harrison, Harrison, Ben Wikler, “ Ben, Ken Martin, Martin, I've, Rahm Emanuel —, Barack Obama —, Emanuel, Sen, Dick Durbin, JB Pritzker, Jane Kleeb, Donald Trump Organizations: Democratic Party, Democratic National Committee, Democratic, Social Security Administration, Democratic Governors Association, New York Times, Wisconsin Democratic, Democrats, NBC, DNC, Minnesota Democratic, NBC News, Association of State Democratic, Nebraska Democratic Party Locations: Maryland, U.S, Japan, Chicago, Illinois, Iowa, New Hampshire

WASHINGTON — The House Ethics Committee plans to meet Wednesday to discuss its report into former GOP Rep. Matt Gaetz, President-elect Donald Trump’s pick for attorney general, a source familiar with the meeting confirmed on Monday. But the committee lost jurisdiction over Gaetz when he resigned from the House on Thursday and has not released any public report on its probe. On Friday, an attorney said that his client testified privately before the Ethics Committee that she personally witnessed Gaetz have sex with a minor. The House Ethics panel had been scheduled to discuss the report at its regular Friday meeting but it was postponed after Gaetz resigned. Appearing on NBC's "Meet the Press" on Sunday, Sen. Markwayne Mullin, R-Okla., said senators should "absolutely" have access to the House report.

Persons: WASHINGTON, Matt Gaetz, Donald Trump’s, Gaetz, Mike Johnson, Bill Boner, Buz Lukens, ” Johnson, Sen, Markwayne Mullin, Mullin, Trump's Organizations: GOP, CNN, Trump, Madison Locations: Ohio, “ State, Washington, Mar, Florida

Rowan and Warsh shake up Treasury raceFew of the unfilled positions in Donald Trump’s cabinet are as important as Treasury secretary. Allies of two candidates, Howard Lutnick, the transition co-chair, and Scott Bessent, a top economic adviser, publicly stumped for them this weekend. Musk threw his support behind Lutnick over the weekend, calling Bessent “business as usual,” an especially cutting criticism in the Trump camp. Loeb backed Bessent, arguing that choosing Lutnick might rattle investors, including in the $28 trillion market for Treasury bonds and notes. That said, Bessent is also being floated for positions such as chair of the White House’s National Economic Council.

Persons: Rowan, Warsh, Donald Trump’s, cloudier, Howard Lutnick, Scott Bessent, Marc Rowan, Kevin Warsh, Elon Musk, Dan Loeb, Musk, Bessent, Trump, Loeb Organizations: Times, Apollo Global Management, Fed, Treasury, White, Economic Council

☆ The Apple TV Set is an idea whose time will never come
▼ + stars: | 2024-11-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

That's for good reason: An Apple TV set didn't make sense years ago. But in theory, if that goes well, then maybe Apple will be more interested in chasing an Actual TV Set. Apple still sells a dedicated Apple TV box, which you can plug into any TV to transform it into an "Apple TV." AdvertisementYou can debate whether Apple TV+ is actually successful — its movie strategy seems … challenged — but it at least makes sense strategically: Apple TV+ is supposed to generate recurring monthly revenue, and Apple is all about recurring monthly revenue as part of its "services" push. A TV set — even the most awesome TV set — would be a one-and-done proposition for Apple.

Persons: you've, That's, Mark Gurman, Gurman, doesn't, Tim Cook's, Donald Trump, Cook, Trump, Apple, we've, Ben Lovejoy, Steve Jobs, Yukari Iwatani Kane, Walt Mossberg, Jobs, I'm Organizations: Apple, Trump, YouTube, Google

The Trump transition team did not immediately respond to a request for comment. Lebanon’s ancient heritage faces Israeli airstrikesRubble and destruction caused by an Israeli airstrike near the historic Roman temple in Baalbek, Lebanon, on Nov. 7. The war in Lebanon has killed more than 3,200 people and displaced more than a million others, according to Lebanese officials. The conflict has also taken a toll on the nation’s unique heritage at the crossroads of ancient Phoenician, Egyptian, Greek, Persian and Roman civilizations. The Israel Defense Forces’ latest attacks on northern Gaza’s besieged city of Beit Lahiya killed “about 100” people, Mahmoud Basal, a spokesperson for Gaza’s Civil Defense, told NBC News on Sunday.

Persons: “, Joe Biden, Matt Gaetz, Gaetz, Pete Hegseth, Timothy Parlatore, ” Parlatore, Hegseth, Marwan Naamani, amphitheaters, ’ citadels, Beit Lahiya, Mahmoud, Press Sen, Markwayne Mullin, Robert F, Kennedy Jr, I’ve, ” Mullin, Kristen Welker, Kennedy, Mullin, ”, Leila, aren’t, Mike Peditto, Martin Mejia Organizations: Trump, U.S, Trump Cabinet, Republicans, NBC, Justice Department, Republican, ZUMA, NBC News, United Nations, Israel Defense Forces ’, Civil Defense, Press, Department of Health, Human Services, “, Intelligence, American Society of Tropical Medicine, Hygiene Locations: Afghanistan, California, Baalbek, Lebanon, Mhaibib, Nabatiyeh, Gaza’s, Beit, Talara, Peru, Americas

Speaker Mike Johnson on Sunday left the door open to adjourning Congress so President-elect Donald Trump can appoint his Cabinet nominees outside of the usual Senate confirmation process if necessary. Both chambers usually gavel in for pro forma sessions even during times of recess specifically to prevent the president from making recess appointments and bypassing congressional approval. President Barack Obama once tried to use recess appointments and was rebuked by the Supreme Court, which said in 2014 that recesses needed to be 10 days or longer for recess appointments to be legal. Johnson isn’t the only Trump ally who has left the door open to using a recess appointment to confirm Trump’s Cabinet picks. “I have literally not discussed one word about the ethics report, not once, and I’ve been with him quite a bit this week,” Johnson said.

Persons: Mike Johnson, Donald Trump, ” Johnson, “, he’d, Trump, Johnson, Barack Obama, Trump’s, , Oklahoma GOP Sen, Markwayne Mullin, It’d, ” Mullin, Hakeem Jeffries, Chuck Schumer, Dick Durbin, Matt Gaetz, Gaetz, There’s, I’ve Organizations: Sunday, “ Fox, Supreme, , Oklahoma GOP, NBC, Press, GOP, Democratic, Trump’s, House, CNN Locations: Washington, , Oklahoma, D, Gaetz

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