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☆ China's foreign minister suggests road to Xi-Biden summit will not be smooth
▼ + stars: | 2023-10-29 | by ( ) www.cnbc.com time to read: +1 min

President Joe Biden and his Chinese counterpart Xi Jinping are expected to meet on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco in November. Saul Loeb | Afp | Getty ImagesChina's Foreign Minister Wang Yi said the "road to the San Francisco summit will not be a smooth one," the foreign ministry said on Sunday, in a reference to an expected meeting between President Xi Jinping and U.S. President Joe Biden. He was speaking after a discussion with members of the U.S. strategic community in Washington, the ministry said. Last month, China's top security agency suggested any Xi-Biden meeting in San Francisco hinged on the U.S. "showing sufficient sincerity". Washington and Beijing must put into practice the consensus achieved then, "remove interference, overcome obstacles, enhance consensus and gather outcomes," Wang said.

Persons: Joe Biden, Xi Jinping, Saul Loeb, Wang Yi, Wang, Biden, Xi Organizations: Economic Cooperation, Afp, Getty, China's, San, U.S Locations: Asia, San Francisco, Washington, China, U.S, Bali, Taiwan, Beijing

☆ Inflation Trends Likely to Keep Fed Rate-Hike Pause on Track
▼ + stars: | 2023-10-27 | by ( Harriet Torry | ) www.wsj.com time to read: +2 min

Moderately higher inflation in September would keep Fed officials on track to hold interest rates steady at its Oct. 31-Nov. 1 policy meeting. They are closely watching underlying price trends to gauge whether they have raised short-term interest rates enough to slow the economy and tame inflation. The Fed over the past 20 months has raised interest rates at the fastest pace in four decades. The Fed last raised rates in July, lifting its benchmark federal-funds rate to a range between 5.25% and 5.5%, a 22-year high. Has recent inflation progress stalled?

Persons: WSJ’s Dion Rabouin, Li Jianguo, saul loeb Organizations: Zuma, Wall, Fed, Agence France, Commerce, Commerce Department

☆ Fed-up employees might threaten to quit if changes aren't made to their job, but 'thruitting' often does more harm than good
▼ + stars: | 2023-10-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

siraanamwong/Getty ImagesYou're fed up with your job and are finally going to let your manager know it: "Fix this, or I'm leaving." In a bid to keep up with the never-ending stream of workplace trends, let's call this one "thruitting." AdvertisementAdvertisementFor your bookmarksFree tax filing programUS Treasury Secretary Janet Yellen has said tax filing should be simple. SAUL LOEB/AFP via Getty ImagesSee if you're eligible for the IRS' new, free tax filing pilot in 13 states. It's part of the department's attempt to make tax filing simpler and more cost-effective.

Persons: Marc Andreessen, Chris Williams, Williams, simplehappyart, Today's, Siu, It's, SCOTT MORGAN, Charlie Munger, Warren Buffett's, Everyone's, Jeffrey Gundlach, Jensen Huang, Young Liu, Chiang Ying, Marc Andreessen's, Elon Musk, Musk, Arantza Pena Popo, Dolly, Janet Yellen, SAUL LOEB, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Microsoft, Treasury, Barclays, Baron Partners Fund, Nvidia, University of Pennsylvania, America, Blackstone, Getty, IRS Locations: Israel, Cincinnati , Ohio, New York City, San Diego, London, New York

☆ House speaker race injects chaos into high-dollar Republican fundraising
▼ + stars: | 2023-10-13 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Kevin Lamarque | ReutersThe messy race to elect the next Republican speaker of the House of Representatives is injecting chaos into the typically genteel world of high-dollar GOP fundraising, threatening to disrupt a vital element of the Republican strategy to maintain its House majority. One faction of wealthy donors is intent on exacting revenge on the eight Republicans who voted with Democrats to oust former speaker Kevin McCarthy, according to people familiar with the matter. They're all saying, 'don't give, don't raise any money,'" a Republican fundraiser said. "If you have scheduled a fundraiser for any Republican House member who refuses to vote for Scalise, cancel it. Losing Kevin McCarthy will be damaging for fundraising," a longtime Wall Street Republican fundraiser said.

Persons: Kevin McCarthy, Kevin Lamarque, Andy Sabin, Sabin, Matt Gaetz, McCarthy, Nancy Mace, Win Mcnamee, Steve Scalise, Scalise, Eric Levine, Saul Loeb, Eiseman Levine, Levine, Joanne Zervos, McCarthy's, Zervos Organizations: Capitol, Republicans, GOP, Republican, CNBC, U.S, Getty, Republican House, AFP, New, Wall Street Republican, U.S . Rep, U.S . House Locations: Washington , U.S, Florida, South Carolina, California, Washington , DC, Louisiana, New York

Jordan, a 17-year House veteran from Ohio who chairs the Judiciary Committee, has done pretty well in the money game too. 4 in fundraising among House Republicans and raised more than $14 million, largely through small donors. By comparison, roughly one in 20 dollars taken in by Scalise' campaign fundraising came from donors giving $200 or less. A host of factors, besides fundraising capabilities, will help determine who becomes the next House speaker, and there still was time for candidates to emerge in addition to Jordan and Scalise. Former Speaker Nancy Pelosi collected over $1 billion during her time in House Democratic leadership from 2002-2022, her office said last year.

Persons: Steve Scalise, Jim Jordan, Jerome Powell, Saul Loeb, Kevin McCarthy, Scalise, McCarthy, Ron Bonjean, Bonjean, Jordan, Nancy Pelosi, Richard Cowan, Jason Lange, Scott Malone, Grant McCool Organizations: Federal, U.S, House, Rights, U.S . House, Representatives, Republican, National Republican Congressional, Republicans, Committee, House Democratic, Thomson Locations: Washington , U.S, Louisiana, Ohio, Jordan

☆ Why borrowing costs for nearly everything are surging, and what it means for you
▼ + stars: | 2023-10-05 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

At the center of the storm is the 10-year Treasury yield , one of the most influential numbers in finance. The relentless rise in borrowing costs has blown past forecasters' predictions and has Wall Street casting about for explanations. Companies that can only issue debt in the high-yield market, which includes many retail employers, will confront sharply higher borrowing costs. Higher rates squeeze the housing industry and push commercial real estate closer to default. "So if banks haven't fixed their issues since then, the problem is only worse, because rates are only higher."

Persons: Jerome Powell, SAUL LOEB, Bob Michele, Ben Emons, Treasurys, Benjamin Dunn, Lindsay Rosner, Peter Boockvar, Rosner Organizations: Federal Reserve, Washington , D.C, Getty, ., Treasury, Fed, JPMorgan, NewEdge, Bloomberg, Alpha Theory Advisors, Goldman, Companies, Bleakley Financial, Valley Bank, First Locations: Washington ,, U.S, Goldman Sachs, First Republic

☆ Government bonds are in a rout worldwide. Here's why you should care
▼ + stars: | 2023-10-04 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

When official interest rates rise, so do investors’ expectations for returns on bonds, known as yields. In the United Kingdom, the yield on 30-year bonds also reached 5% this week, the highest level in more than two decades. Yields on Italy’s 10-year bonds hit 5% on Wednesday, the highest level since 2012, when that crisis was in full swing. Mortgage rates riseThe yields on local government bonds are usually used by banks to price mortgages. High official interest rates in America and Europe have also raised the cost of borrowing for businesses.

Persons: Saul Loeb, Liz Truss, —, Matt Cardy, Freddie Mac, Andrew Sheets, Morgan Stanley, Stocks, ” Russ Mould, AJ Bell, we’ve, ”, “, That’s, ” Susannah Streeter, Hargreaves Lansdown Organizations: London CNN, US Treasury Department, Getty, UK, CNN, Nasdaq, Federal Reserve, BlackRock, Hargreaves Locations: Washington ,, United Kingdom, Bath, England, United States, Europe, America

☆ Simone Biles going for team gold at World Artistic Gymnastics Championships
▼ + stars: | 2023-10-04 | by ( Ben Church | ) edition.cnn.com time to read: +9 min

Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. Tim Clayton/Corbis/Getty Images Biles poses after winning a gold medal at the 2013 World Championships. Dean Mouhtaropoulos/Getty Images Biles dodges a bee flying near her during the medal ceremony at the 2014 World Championships. Daniel Dunn/Icon Sportswire via Getty Images Biles competes on the uneven bars during the 2018 World Championships. And by competing in Antwerp, Biles became the first woman to represent the US at six artistic world championships.

Persons: CNN — Simone Biles, –, Simone Biles, Laurence Griffiths, Ron, Biles, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, Skye Blakey, Shilese Jones, Joscelyn Roberson, Leanne Wong, Matthias Hangst Organizations: CNN, Biles, Houston Chronicle, The New York Times, US, Getty, Reuters, NBC, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Tokyo, Los Angeles Times, USA Gymnastics, CBS, BBC Locations: Antwerp, Belgium, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles

☆ Bidens’ dog, Commander, involved in more White House biting incidents than previously reported
▼ + stars: | 2023-10-04 | by ( Betsy Klein | ) edition.cnn.com time to read: +15 min

CNN —President Joe Biden and first lady Dr. Jill Biden’s 2-year-old German shepherd, Commander, has been involved in more biting incidents than previously reported at the White House, multiple sources familiar with the matter told CNN. The White House has also declined to answer CNN’s inquiry on a specific number of biting incidents involving Commander. SAUL LOEB/AFP/Getty ImagesCommander becoming ‘a serious issue’ at the White HouseThe White House has largely downplayed the cacophony of media reports and analysis following CNN’s reporting on last week’s incident, pointing reporters to previous statements on the stressful environment at the White House. @POTUS/TwitterA hard adjustment to White House lifeBringing Champ and Major to the White House was an adjustment, Jill Biden told Kelly Clarkson during a 2021 appearance on her talk show. Local DC laws “are not applicable on federal properties, including White House grounds,” a DC Council official said.

Persons: Joe Biden, Jill Biden’s, ” Elizabeth Alexander, Alexander, Anthony Guglielmi, Major, Donald Trump, Biden, Guglielmi, ” Guglielmi, ‘, “, ”, Jill Biden, SAUL LOEB, Jonathan Wackrow, Michelle Obama’s, it’s, “ They’ve, Michael LaRosa, Champ, LaRosa, ” LaRosa, Kelly Clarkson, I’ve, Ryan Bulson, It’s, ” Bulson, Bulson, They’re, dog’s, Kathy Hessler, ” Hessler, Hessler Organizations: CNN, White, Service, Medical Unit, Secret Service, White House, DC, DC Department of Health, Medical, National Park Service, Secret, Washington Post, Uniformed, Judicial, Division, US, Getty, George Washington University Law School Locations: Delaware, –, Rehoboth Beach , Delaware, United States, German, Wilmington , Delaware, Washington, Local, White

☆ House votes to oust Kevin McCarthy as speaker, throwing the chamber back into chaos
▼ + stars: | 2023-10-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

The House voted to vacate the Office of the Speaker on Tuesday, booting Kevin McCarthy from his job. The House, under interim speaker Rep. Patrick McHenry of North Carolina, will now have to hold speaker elections once again, and it's not clear where that will lead. In 1910, House Speaker Joseph Cannon called the motion himself as he faced a mutiny from his own party, daring his own members to oust him. The Saturday measure, while supported by most House Republicans, ultimately passed with more Democratic than Republican votes. Gaetz and dozens of other House Republicans — potentially more than half — oppose sending more aid to the besieged country.

Persons: Kevin McCarthy, Matt Gaetz's, —, Matt Gaetz, McCarthy, Andy Biggs, Ken Buck, Tim Burchett, Eli Crane, Bob Good, Nancy Mace, Matt Rosendale, Republicans —, Patrick McHenry of, there's, What's, Hakeem Jeffries, Angie Craig of, hasn't, Saul Loeb, it's, Joseph Cannon, Newt Gingrich, John Boehner, Gaetz, Joe Biden, could've, McCarthy hasn't, they're, Abigail Spanberger, Spanberger, Jared Golden of, Who's, Tom Emmer, Jodey Arrington, Tom Cole of Oklahoma, Andy Ogles Organizations: Democrats, Service, Republicans, Democrat, Republican, Arizona Rep, Colorado Rep, Tennessee Rep, Florida Rep, Rep, South Carolina Rep, House Republicans, Democratic, Getty, —, Florida Republican, Texas Locations: Florida, Montana, Patrick McHenry of North Carolina, California's, Angie Craig of Minnesota, Ukraine, Virginia, Jared Golden of Maine, Minnesota, Tennessee

☆ 2023 World Artistic Gymnastics Championships: Simone Biles goes for more medals
▼ + stars: | 2023-09-30 | by ( Ben Morse | ) edition.cnn.com time to read: +12 min

The 26-year-old has another opportunity to add to her medal collection over the next week at the 2023 World Artistic Gymnastics Championships in Antwerp, Belgium. Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. Dean Mouhtaropoulos/Getty Images Biles dodges a bee flying near her during the medal ceremony at the 2014 World Championships. I’m just going to come back another day, another day.’”In qualifying for the world championships, she became the only US woman to qualify for six world championships, her first being in 2013 – an event that was also held in Antwerp. Biles is already the most decorated gymnast in US history, winning 32 medals across the Olympics and the world championships.

Persons: Simone Biles, Biles, Laurence Griffiths, Ron, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, I’m, ” Biles, Olympics.com, “, ’, Yves Logghe Organizations: CNN, Tokyo, NBC, BBC, Houston Chronicle, The New York Times, US, Getty, Reuters, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Los Angeles Times, USA Gymnastics, CBS, Tokyo Olympics, AP, Games, Olympic Committees Locations: Antwerp, Belgium, Paris, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles, San Jose , California, China, Japan, Great Britain, Canada

☆ Lawmakers are waking up to the realities of 'gerontocracy.' But don't expect them to do anything about it.
▼ + stars: | 2023-09-20 | by ( Brent D. Griffiths | Bryan Metzger | ) www.businessinsider.com time to read: +8 min

Age limits remain popular, and lawmakers have begun to wake up to the realities of gerontocracy. "I believe everyone deserves the kind of dignity to make their own choices," said Democratic Sen. John Fetterman of Pennsylvania. He also opposes age limits, arguing that people should be able to "choose who they want, no matter how old they are." "Different people age differently, you know, somebody at a younger age may have more impacts due to aging than somebody at an older age. "I don't think it's a problem to be old, I think it's a problem to have a lack of diversity."

Persons: Mitt Romney, Sen, Lindsey Graham, Graham, Romney, Strom Thurmond, Democratic Sen, John Fetterman of, Dianne Feinstein's, Mitch McConnell, Joe Biden, Donald Trump, gerontocracy, Rep, Maxwell Frost, Anna Moneymaker, Gray, Frost, hasn't, Ro Khanna, Khanna, Dianne Feinstein, Saul Loeb, Republican Sen, John Hoeven, Hoeven, Steve Cohen of Tennessee, Marie Gluesenkamp Perez, Gluesenkamp Perez, Feinstein, McConnell, Democratic Sens, Ben Ray Luján, JD Vance Organizations: Service, Utah Republican, Capitol, South Carolina Republican, Democratic, Florida Democrat, Pew Research Service, California, Senate, Getty, Republican, Democratic Rep, Washington, Ohio Locations: Wall, Silicon, John Fetterman of Pennsylvania, Florida, North Dakota, New Mexico

☆ Biden to push for Ukraine aid, democracy as China and Russia skip UN General Assembly
▼ + stars: | 2023-09-18 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

Saul Loeb | AFP | Getty ImagesPresident Joe Biden will address the United Nations General Assembly on Tuesday, where he plans to promote democracy and advocate for increased support for Ukraine. Lula has argued the U.S. and other Western nations are prolonging the war with their defense support. This will be the first time Ukrainian President Volodymyr Zelenskyy has attended the U.N. summit in person since the war began. A "substantial section" of Biden's speech to the General Assembly on Tuesday will be devoted to the war in Ukraine, Sullivan said. U.S. support for Ukraine

Persons: Lloyd Austin, Alejandro Mayorkas, Joe Biden, Saul Loeb, Biden, it's, Jake Sullivan, Luiz Inácio Lula da Silva, Lula, Benjamin Netanyahu, Volodymyr Zelenskyy, Sullivan Organizations: Defense, . Homeland, Hurricane, White, Washington , D.C, AFP, Getty, United Nations General Assembly, Ukraine, House, . Security, Global, Israeli, General, United Nations Charter Locations: Maui, Hawaii, Washington ,, France, United Kingdom, China, Russia, United States, Brazil, Ukraine, U.S, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan

☆ Startup investors are fueling a boom in U.S. defense tech as China standoff opens doors at home
▼ + stars: | 2023-09-07 | by ( Lauren Feiner | ) www.cnbc.com time to read: +11 min

Louie added that he doesn't "know of a single major fund out there that isn't thinking about disruptive tech investing in the U.S., investing in defense tech, investing in microelectronics and AI in the next generation and next iteration." Stephen McCarthy | Sportsfile | Getty ImagesVC funding in aerospace and defense tech has shot up in recent years, according to data compiled by PitchBook for CNBC. The poster child for U.S.-focused defense tech is Anduril Industries, co-founded in 2017 by Oculus Rift designer Palmer Luckey. They can just look at the untapped potential in defense tech. "The government's becoming a better customer," said Shah, who previously served as managing partner of the Defense Department's Defense Innovation Unit, which seeks to accelerate the use of emerging technologies.

Persons: Hadrian, Chris Power Hadrian, Joe Biden, Gilman Louie, Alsop, Louie Partners, He's, Louie, Biden, Lindsay Gorman, she's, Gorman, Chris Power, Power, Hadrian's, Peter Thiel's, Palmer Luckey, Stephen McCarthy, Sportsfile, Anduril, Richard Jenkins, Bilal Zuberi, Lux, Zuberi, Jenkins, Saildrone didn't, Paul Kwan, Catalyst, What's, Kwan, Kyle Harrison, Saul Loeb, Raj Shah, Josh Wolfe, There's, Shah, Wolfe Organizations: Chris Power Hadrian Automation, America's Frontier, U.S, Marshall Fund's Alliance, Securing Democracy, Lux Capital, Fund, Andutil Industries, Enercare Center, Getty, PitchBook, CNBC, Industries, Oculus, Blue Force Technologies, Oceanic, Atmospheric Administration, Navy, Coast Guard, Google, Intel, AFP, Shield, Lux, Defense Department's Defense Innovation Unit, Power, YouTube, China Locations: China, U.S, America, Torrance , California, Los Angeles, Toronto, Canada, Ukraine, New Albany , Ohio, Silicon

☆ What Wall Street is telling employees about returning to the office, from Goldman Sachs to JPMorgan and Blackstone
▼ + stars: | 2023-09-04 | by ( Kaja Whitehouse | Michelle Abrego | ) www.businessinsider.com time to read: +11 min

According to Goldman's chief economist, Jan Hatzius, some 25% of all US workers work from home at least part of the week. So, which Wall Street firms are still letting employees work from home at least part of the time? On days employees are in, the firm focuses on taking "advantage of our shared location," it reads. At that time, the firm called for its employees to come into the office a minimum of three days a week. Since then, most employees have been in the office throughout the week, according to a person familiar with the firm.

Persons: Goldman Sachs, David Solomon, Citadel's Ken Griffin, Joe Biden, Jan Hatzius, Hatzius, Jamie Dimon, Goldman, Goldman Sachs Goldman Sachs, —, Dimon, JPMorgan Gretchen Ertl, Jane Fraser, she's, Fraser, they're, Citigroup Patrick, Fallon, Brian T, Moynihan, Bank of America Shannon Stapleton, Reuters Morgan Stanley Morgan Stanley's, James Gorman, Gorman, Gorman doesn't, Morgan Stanley, we're, James Gorman SAUL LOEB, Larry Fink, Larry Fink Spencer Platt, Citadel's Griffin, Griffin, Raj Mahajan, Ken Griffin, Milken, Mike Blake, Blackstone, Stephen Schwarzman Roy Rochlin, Nir Bar Dea, Izzy Englander's Organizations: JPMorgan, Blackstone, Morning, Citadel, Bloomberg, Business, Deloitte, JPMorgan JPMorgan, Goldman, Citigroup, Street, Bank, Economic, Getty Images Bank of America Bank of, Bank of America, Reuters, Getty, BlackRock BlackRock, Yards, Labor, Fox, BlackRock, Citadel Securities, Blackstone Blackstone, Bridgewater Bridgewater Associates, Bridgewater Associates, Bridgewater Locations: Citadel, Davos, Switzerland, New York City

☆ Regional banks face another hit as regulators force them to raise debt levels
▼ + stars: | 2023-08-29 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

Saul Loeb | AFP | Getty ImagesU.S. regulators on Tuesday unveiled plans to force regional banks to issue debt and bolster their so-called living wills, steps meant to protect the public in the event of more failures. Higher funding costsThe requirements will create "moderately higher funding costs" for regional banks, the agencies acknowledged. Still, the industry will have three years to conform to the new rule once enacted, and many banks already hold acceptable forms of debt, according to the regulators. They estimated that regional banks already have roughly 75% of the debt they will ultimately need to hold. Analysts have focused on the debt requirements because that is the most impactful change for bank shareholders.

Persons: Martin Gruenberg, Saul Loeb, Banks, Gruenberg, What's, Morgan Stanley, Manan Gosalia Organizations: Federal Deposit Insurance Corporation, Banking, Urban Affairs, Capitol, AFP, Getty, Treasury Department, Office, Currency, Federal Reserve, Federal Deposit Insurance Corp, FDIC, Brookings Institution, Silicon Valley Bank, Regulators, Analysts, T Bank, Citizens Financial, Northern Trust, Fifth Third Bancorp, Bank Locations: Washington , DC, Silicon

☆ Simone Biles: How to watch gymnast go for more history at US Gymnastics Championships
▼ + stars: | 2023-08-25 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

Coverage of the US Gymnastics Championships will be domestically broadcast on NBC and Peacock while international viewers can watch the event on the USA Gymnastics YouTube channel. Simone Biles competes in the floor exercise during the World Championships in 2019. Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. The world gymnastics championships are then scheduled to take place between September 30 and October 8 in Antwerp, Belgium. Biles is the most decorated gymnast in US history, winning 32 medals across the Olympics and the world championships.

Persons: CNN — Simone Biles, she’s, Biles, –, Alfred Jochim, Peacock, Simone Biles, Laurence Griffiths, Ron, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, Jon Durr, “, ” Organizations: CNN, US, NBC, USA, YouTube, Houston Chronicle, The New York Times, Getty, Reuters, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Tokyo, Los Angeles Times, USA Gymnastics, CBS, Network, Tokyo Games, Olympic Games, Olympics Locations: San Jose , California, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles, Antwerp, Belgium

☆ Trump’s request for 2026 trial in election case based on ‘faulty’ logic, special counsel says
▼ + stars: | 2023-08-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Special counsel Jack Smith speaks to members of the media at the US Department of Justice building in Washington, DC, on August 1, 2023. Saul Loeb | AFP | Getty ImagesSpecial counsel Jack Smith argued Monday that there was no good reason why Donald Trump's federal election interference trial should be delayed until spring of 2026, as the former president is requesting. Smith previously suggested Trump's trial should start on Jan. 2. Zoom In Icon Arrows pointing outwards A graphic from a court filing from former President Donald Trump’s legal team proposing that the federal election interference trial start in April 2026. The argument from Trump's lawyers "rests on the faulty assertion that it is necessary for a lawyer to conduct a page-by-page review of discovery for a defendant to receive a fair trial," Smith wrote.

Persons: Jack Smith, Saul Loeb, Donald Trump's, Smith, Donald Trump’s, Courthouse Smith, Donald Trump, LIV, Timothy A, Clary Organizations: US Department of Justice, AFP, Getty, Washington , D.C, Courthouse, Trump National Golf Club Bedminster Locations: Washington ,, Fulton, Bedminster , New Jersey

☆ Simone Biles stepped away from ‘corrosive’ gymnastics for mental health. Now she’s back
▼ + stars: | 2023-08-04 | by ( Savanna Stewart | ) edition.cnn.com time to read: +10 min

“We’ve never seen an athlete like Simone Biles,” Ryan said. And yet that sport was corrosive enough and abusive enough that she really had to step away for her own mental health,” added Ryan. “I have to focus on my mental health and not jeopardize my health and well-being.”Biles was replaced in the all-around final by Jade Carey, who had finished ninth in the qualifying round. More than 150 athletes, including Biles, said that the former USA Gymnastics team doctor sexually abused them under the guise of providing medical treatment. “I think this just really shows the lack of leadership of USA Gymnastics and the United States Olympic Committee.”However, there is hope that a brighter future is in store for USA Gymnastics.

Persons: –, “, Joan Ryan, ” Ryan, Ryan, ” Simone Biles, Biles, “ We’ve, Simone Biles, ”, ” Biles, Jade Carey, Carey, Jamie Squire, Simone, ” Carey, Ryan’s, Dmitri Lovetsky, ’ ” Ryan, Larry Nassar, Nassar, …, McKayla Maroney, Aly Raisman, Maggie Nichols, General's, Saul Loeb, Jake Tapper, ” Raisman, Jill Geer, Gabby Douglas, Suni Lee, ” Geer, Geer, Douglas — Ryan, “ It’s, you’ve, what’s Organizations: CNN, CNN Sport, Olympics, USA Gymnastics, Oregon State University, US Gymnastics Federation –, Tokyo, USA, United States Olympic, Paralympic, New York, United, Capitol, United States Olympic Committee, National Team, “, ”, US women’s Locations: Hoffman Estates , Illinois, Tokyo, United States, Washington, Biles, “, Paris

☆ Fact Check-Biden and Trump edited in side-by-side photos
▼ + stars: | 2023-08-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Side-by-side images of U.S. President Joe Biden and former President Donald Trump have been altered, with Biden changed to make his skin appear smoother and Trump altered to make him appear wider. The unaltered photograph of Biden was captured by AFP photographer Saul Loeb on July 8 and shows the president near his house in Rehoboth Beach, Delaware (here). The unaltered version was published by various outlets including the Daily Mail (here). The unaltered image of Trump was published by outlets including The Guardian (here). Biden’s skin appears less smooth in the unaltered version of the photograph taken in July 2023, while Trump appears thinner at the hips in the unaltered image of him captured in July 2020.

Persons: Joe Biden, Donald Trump, Biden, Saul Loeb, Trump, Brett Favre, Read Organizations: Trump, Daily Mail, White, NFL, Guardian, Reuters Locations: Rehoboth Beach , Delaware, Bedminster , New Jersey

☆ Why so many Americans feel trapped in their homes by their low-rate mortgages
▼ + stars: | 2023-08-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Saul Loeb | AFP | Getty ImagesThe recent spike in mortgage rates has created a so-called golden handcuff effect. For homeowners, a low mortgage rate is similar. Nearly 82% of home shoppers said they felt "locked-in" by their existing low-rate mortgage, according to a recent survey by Realtor.com. Between 1978 and 1981, mortgage rates similarly doubled from around 9% to more than 18%, compelling more homeowners to hold on to their homes. Mortgage rates may not return to sub-3% levels again anytime soon — if ever.

Persons: Bob, Terri Wood, Bob Wood Bob Wood, Terri, It's, Wood, Tomas Philipson, Philipson, Saul Loeb, he'd, Zillow, Greg McBride, Sam Khater, Freddie Mac's, Jacob Channel Organizations: University of Chicago, White House Council, Economic Advisers, AFP, Getty, Jacob Channel Locations: Mobile , Alabama, Tennessee, Arlington , Virginia, Bankrate.com, LendingTree

☆ Half of Americans polled see China as the biggest threat to the U.S., says Pew
▼ + stars: | 2023-07-27 | by ( Sumathi Bala | ) www.cnbc.com time to read: +3 min

Saul Loeb | Afp | Getty ImagesHalf of Americans polled widely view China as the biggest threat facing the U.S., a new Pew research center survey revealed. In an open-ended question, Americans were asked to name any country as the greatest threat to the U.S. — 50% named China. While it's difficult to compare responses from year to year, Pew noted that "Americans have not always seen China as the top threat to the United States." "When we last asked a question of this sort in 2019, equal shares of Americans pointed to China and Russia as the greatest threat facing their country," it said. The survey reflects Americans' view of China have become more negative over time — particularly since 2020, added Pew.

Persons: Joe Biden, Xi Jinping, Saul Loeb, Pew, Laura Clancy, we've, Pew's Clancy, Henry Kissinger, Kissinger, Biden, Antony Blinken, Janet Yellen, John Kerry Organizations: Afp, Getty, Pew, CNBC, U.S . Locations: Nusa Dua, Bali, China, Russia, United States, U.S, Ukraine, Taiwan Strait, Beijing, Washington

☆ Regulators unveil sweeping changes to capital rules for banks with $100 billion or more in assets
▼ + stars: | 2023-07-27 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

(Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)U.S. regulators on Thursday unveiled a sweeping set of proposed changes to banks' capital requirements to address evolving international standards and the recent regional banking crisis. The changes will broadly raise the level of capital that banks need to maintain against possible losses, depending on each firm's risk profile, the agencies said. While the heightened requirements apply to all banks with at least $100 billion in assets, the changes are expected to impact the biggest and most complex banks the most, they said. "Improvements in risk sensitivity and consistency introduced by the proposal are estimated to result in an aggregate 16% increase in common equity tier 1 capital requirements," the regulators said in a fact sheet. Tier 1 common capital levels measure an institution's presumed financial strength and its buffer against recessions or trading blowups.

Persons: Michael Barr, Martin Gruenberg, SAUL LOEB, Long Organizations: Federal Reserve, Federal Deposit Insurance Corporation, Banking, Urban Affairs, Capitol, AFP, Getty Images, Federal Deposit Insurance Corp, Basel III Locations: Washington , DC, Basel

This week, he delivered his most explicit threat yet to Biden, saying their investigations into the Biden family’s business deals appear to be rising to the level of an impeachment inquiry. The only way Congress can do that is go to an impeachment inquiry,” McCarthy said Tuesday, stopping short of formally moving to open such a probe. Nebraska GOP Rep. Don Bacon, whose district Biden carried in 2020, told CNN that the House needs to be deliberate. It’s not good for the country.”In the first Trump impeachment, House Democrats led a number of closed and open hearings before charging Trump with abuse of power and obstructing Congress. Comer confirmed he has been regularly briefing McCarthy on his Hunter Biden probes, which he thinks helped give McCarthy the “confidence” to publicly raise the idea of an impeachment inquiry.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Newt Gingrich, Biden, Hunter Biden’s, Donald Trump, ” McCarthy, Alejandro Mayorkas, General Merrick Garland, Hunter Biden, Mike Johnson, we’re, ” Johnson, “, ”, Andy Ogles, coalescing, Andy Biggs, ” Biggs, we’ve, Bob Good, “ I’m, Ken Buck, Caucus hasn’t, Marjorie Taylor Greene, Tom Williams, impeaching Biden, –, expunge, Ralph Norman, ” Norman, Don Bacon, ” Bacon, Nancy Pelosi, Pelosi, “ Pelosi, Trump, ” Jaime Harrison, Greene, Lauren Boebert, Boebert, ” Boebert, ” Hunter Biden, Fort, Saul Loeb, GOP Sen, Chuck Grassley, Hunter, Burisma, Devon Archer, David Weiss, James Comer, Jim Jordan, Comer, it’s, can’t Organizations: CNN, Republican, Republicans, Biden, House Democrats, Homeland, GOP, Tennessee Republican, Caucus, Democratic, Senate, Democrats, Arizona, ”, Virginia Republican, Georgia Republican, Capitol, Firebrand, South Carolina Republican, Nebraska GOP, Trump, Democrat, Democratic National Party, GOP Rep, Fort McNair, Getty, Iowa, FBI, Justice Department, Hunter Biden, Congress, House Republicans, firebrand Locations: Louisiana, Trump, Ken Buck of Colorado, Georgia, Colorado, Washington ,

☆ ‘They’re Coming for Your Cars’
▼ + stars: | 2023-07-13 | by ( James Freeman | ) www.wsj.com time to read: 1 min

President Joe Biden gets into his SUV while leaving the beach near his home in Rehoboth Beach, Delaware on Saturday. Photo: saul loeb/Agence France-Presse/Getty Images“The Impossible Dream” is the title of a new report on electric vehicles from the Manhattan Institute’s Mark Mills. After reading the particulars one wonders whether that title is too optimistic. One issue that probably hasn’t received enough attention is that even if politicians can manage to force all of humanity out of cars with internal combustion engines, it will still be extremely hard to meet political emissions targets unless the surviving electric vehicles are small and scarce. What also may not be appreciated given all the alleged innovation surrounding EVs is that production of the minerals needed to make them may become less environmentally friendly, not more.

Persons: Joe Biden, saul loeb, Mark Mills Organizations: Agence France, Manhattan Locations: Rehoboth Beach , Delaware

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