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☆ Some voters retain optimism for a woman president following Trump's win: 'Americans are ready, it just wasn't meant to be Harris'
▼ + stars: | 2024-11-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +8 min

But the idea of electing the first female president didn't strongly motivate people to turn out. They don't expect that America will have to wait much longer for a female president. "I voted for Vice President Harris, but there was so much pause in that decision — I debated it for weeks," she says. Harris' loss has not diminished Amiwala's optimism that the U.S. could elect its first female president soon. "I think Americans are ready for a woman president, it just wasn't meant to be Harris," Amiwala says.

Persons: Kamala Harris, Donald Trump, Hillary Clinton's, didn't, Harris, Ali Vitali, —, Joe Biden, Vitali, Amiwala, she's, that's, Chip Somodevilla, Chabaka, Biden, Natasha Bowman, Bowman, Trump, Alejandra Toro, Toro, — wasn't, Laura Kray, Kray, Taylor Swift Organizations: AP VoteCast, NBC News, CNBC, NBC, Capitol Hill, AP, Carolina Girls, Horizon, Getty, Republican, Center for Equity, UC Berkley's Haas School of Business Locations: Fairfax , Virginia, America, U.S, Chicago, Israel, Palestine, Greensboro , North Carolina, Sioux Falls , South Dakota, New York, Charlotte , North Carolina

☆ Applying for a job you’ve never done before? Here’s how to stand out, says ex-Google exec
▼ + stars: | 2024-11-14 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

For Jennifer Dulski, hiring candidates who've served in the exact type of role she's looking to fill is not a priority. She adds that, at Rising Team, "in zero of our job descriptions will you ever see the term 'X years experience' doing ' XYZ.'" She's hired many people who have not had exactly the same job before, she says, and "fewer than 5% of them have failed." That doesn't mean she's hiring people who've never done anything related to the role. Their experience just doesn't have to be a carbon copy of the job she's hiring for.

Persons: Jennifer Dulski, who've, She's, haven't, Dulski, what's Organizations: Rising Team, Google, Rising

CNN —President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by reviewing its budget and operations from top to bottom. Details about how the new Department of Government Efficiency, or DOGE, will operate – and how Musk and his co-leader Vivek Ramaswamy will avoid conflicts of interest – remain scarce. Musk also took aim at the Department of Education, a frequent target of Trump and Republicans, criticizing the agency for allegedly indoctrinating kids with left-wing propaganda and other failings. Slashing that much from the federal budget – which totaled roughly $6.8 trillion in fiscal 2024 – would require cutting every program by roughly one-third, said Bobby Kogan, senior director of federal budget policy at the left-leaning Center for American Progress. “Trump’s ‘Department of Government Efficiency’ will not be an actual department.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, ” Musk, Ramaswamy, Musk, ”, “, ” Ramaswamy, Stephen Moore, Elon, Vivek, Moore, Larry Summers, Clinton, Glenn Hubbard, George W, Bush, Bobby Kogan, ” Kogan, Brian Riedl, Riedl, GOP Sen, Rob Portman, Sharon Parrott, Ronald Reagan, Reagan, William Hoagland, Peter G, Peterson, –, Jon Greenbaum, ’ that’s, Harry Sandick Organizations: CNN, Elon, Department of Government, Trump, Republican, White House, SpaceX, Department of Education, of Defense, Veterans Affairs and Homeland Security, Education Department, Labor Department, FBI, Nuclear Regulatory Commission, Heritage Foundation, US, of Economic, American, Security, Social Security, Manhattan Institute, GOP, ‘ Department, Government, White, White House & Congress, Congressional Republicans, Children’s Health Insurance, Affordable, Budget, Republicans, Grace, Center, Elon Musk, Federal Advisory Committee, Democratic Locations: Rob Portman of Ohio

Trump’s transition team includes close to 100 people, with some working at Mar-a-Lago and others at the campaign office in Palm Beach and in Washington. Andrew Harnik/Getty ImagesInside Trump’s transitionTrump’s transition effort had begun with relatively orthodox choices — including Wiles, who led Trump’s campaign, as chief of staff. Much like his defense secretary pick, Trump had also grown frustrated with his options for attorney general. The role of attorney general has long been viewed by Trump as one of, if not the, most important positions he would fill. CORRECTION: This story has been corrected to properly reflect the process by which Donald Trump considered candidates for attorney general.

Persons: Donald Trump’s, Pete Hegseth, Tulsi Gabbard, Matt Gaetz, —, Trump, firebrands —, elect’s, MAGA, ”, “, ” Trump, Joe Biden, Mike Johnson, South Dakota Sen, John Thune, Elon Musk, Tesla, he’d, strode, Chris Christie’s, Susie Wiles, Wiles, Donald Trump, Andrew Harnik, Monday Trump, Florida Sen, Marco Rubio, Gabbard, Steve Bannon, ” Bannon, Donald Trump Jr, Richard Grenell, Rubio, Tony Hinchcliffe denigrated, JD Vance, Vance, Brian Snyder, Department —, Kamala Harris, Mark Paoletta, Andrew Bailey, Justice Department —, Jeff Sessions, William Barr, Department’s, Kevin McCarthy, Todd Blanche, Blanche, Nathan Howard, Gaetz, McCarthy, ” Gaetz, Gaetz’s, “ We’re, ” Johnson, Trump’s, Alaska Sen, Lisa Murkowski, Justice Department . Maine Sen, Susan Collins, Texas Sen, John Cornyn, Thune, Sen, Mike Rounds, ” Rounds, Kaitlan Collins, Annie Grayer, Danya Gainor, Holmes Lybrand, Dana Bash, Haley Talbot, Jeremy Herb, Katie Bo Lillis, Ted Barrett, Manu Raju, Sarah Ferris, Pamela Brown Organizations: CNN, Fox News, Hawaii Democratic, Republican, “, Wednesday, Washington, Hill, South, GOP, Elon, House Republicans, DC, SpaceX, Department of Government, Trump, New, New Jersey Gov, Mar, Hyatt, Monday, Democratic, Army National Guard, US Army Reserve, America, Florida Republican, Tony Hinchcliffe denigrated Puerto Ricans, State Department, Base Andrews, Reuters, Department, Justice Department, White House, Republicans, Capitol, U.S . Capitol, Senate, Justice Department ., Texas, South Dakota Republican Locations: Florida, Washington, South Dakota, Trump’s, New Jersey, Palm Beach, Washington ,, Syria, Russia, Tony Hinchcliffe denigrated Puerto, Madison, Maryland, U.S, Missouri, Manhattan, Trump, Alaska, Justice Department . Maine

☆ Marine Le Pen court case: French far-right leader’s next bid for presidency threatened as prosecutors seek political ban
▼ + stars: | 2024-11-14 | by ( Kathy Rose Obrien | Pierre Bairin | ) edition.cnn.com time to read: +4 min

CNN —French prosecutors have asked for prison time and a five-year ban from politics for far-right leader Marine Le Pen, potentially derailing her bid to become president in 2027. The prosecution also asked that the RN should be fined €2 million ($2.1 million) and Le Pen herself €300,000 ($316,000). Le Pen outside the courtroom on November 13, 2024. “Fighting Madame Le Pen is done at the ballot box, not elsewhere,” Darmanin added. The General Assembly, the French Parliament, holds a question time session on November 12.

Persons: CNN —, Marine Le, Le Pen, Pen, Geoffroy van der, …, ” Patrick Maisonneuve, “, Let’s, ” Maisonneuve, Matteo Salvini, ’, Gerald Darmanin, ” Darmanin, France’s, Andrea Savorani Neri, NurPhoto, François Hollande, Nicolas Sarkozy, Emmanuel Macron, Macron, Le Pen’s Organizations: CNN, €, Getty, National, General Assembly, Front Locations: France, Paris, Geoffroy van der Hasselt, AFP, French

Pennsylvania’s Senate race is heading to a recount, which the narrow margin between Republican Dave McCormick and Democratic Sen. Bob Casey triggered automatically under state law. Secretary of the Commonwealth Al Schmidt announced Wednesday that the unofficial results showing a narrow race have led to a recount. Any margin under 0.5 percentage points triggers a recount in Pennsylvania. But the current vote count shows a sizable drop-off between Trump and McCormick, with Trump winning more than 100,000 more votes than McCormick. NBC News projected that Democratic Senate candidates in Arizona, Michigan, Nevada and Wisconsin won their races even as Trump carried the states.

Persons: Republican Dave McCormick, Democratic Sen, Bob Casey, Commonwealth Al Schmidt, Schmidt, McCormick, Elizabeth Gregory, “, Casey’s, ” Gregory, Casey, ” Dave McCormick, ”, Donald Trump, Kamala Harris, ” McCormick, we’ve, I’ll, Trump Organizations: Senate, Republican, Democratic, Commonwealth, NBC News, “, Getty, Capitol, Trump, Republicans, Wisconsin Locations: Pennsylvania, American, Pittsburgh, West Virginia , Ohio, Montana, Arizona , Michigan, Nevada

House Republicans’ razor-thin victory was propelled by Trump’s decisive win over Vice President Kamala Harris in both the Electoral College and the popular vote. So far, Republicans have captured the 218 seats needed to secure the majority to Democrats’ 208 seats. Last week, Republicans flipped three Democratic Senate seats to win control of the upper chamber. They were among the 18 GOP House districts that President Joe Biden carried in 2020. Democratic challenger George Whitesides also ousted vulnerable GOP Rep. Mike Garcia in Southern California.

Persons: Donald Trump, House Republicans ’, Trump’s, Kamala Harris, Hakeem Jeffries, Mike Johnson, Brandon Williams, Anthony D’Esposito, Marc Molinaro, Joe Biden, George Whitesides, Mike Garcia, Rob Bresnahan, Matt Cartwright, Trump, Ryan Mackenzie, Susan Wild, Scott Perry, Janelle Stelson, Perry, Elissa Slotkin, Gabe Evans, Yadira Caraveo, Sen, Lindsey Graham, It’s, Johnson, Elise Stefanik, Mike Waltz, Kevin McCarthy of, —, Steve Scalise, Tom Emmer, ” Johnson, “, ” Organizations: WASHINGTON, NBC News, Republican, Trump, House Republicans, Electoral College, Democrats, Republicans, ’, Democratic, GOP, Keystone State, Freedom, Democratic Rep, Affordable, New, New York Republican, White Locations: Washington, America, New York, Syracuse, Long, Hudson, Southern California, battlegrounds, Pennsylvania, Michigan, Keystone, Allentown, Harrisburg, Denver, Florida, Kevin McCarthy of California, Louisiana, Minnesota

WASHINGTON — Over the last two years, a narrow Republican House majority has fought bitterly over everything from electing a speaker, keeping the government functioning and even passing symbolic messaging bills. Now, Republicans have clinched at least 218 seats to win a House majority, NBC News projects, but it’ll be another small one. “The House has always been a chaotic place, will always be a chaotic place. And here in the Senate, obviously, we continue to have a number of tools to exercise.”There is precedent for a narrow House majority delivering major legislation. ‘Trump is so volatile’Rep. Steny Hoyer, D-Md., a former House majority leader, told NBC News that nobody knows what to expect from the new GOP trifecta.

Persons: it’ll, Donald Trump, Will, it’s, Tony Gonzales, Mitch McConnell, John Thune, Rob Bresnahan, ” Democratic Sen, Chris Van Hollen, Joe Biden’s, “, ”, Dusty Johnson, Robert Garcia, ” Garcia, Rosa DeLauro, “ We’ll, midsession, Biden, Mike Johnson, Richard Hudson, ” Hudson, we’ve, Ken Calvert, ‘ Trump, Steny Hoyer, Trump, ” Hoyer, Mark Pocan, Michael Waltz, Elise Stefanik, they’re, they’ve, ” Pocan Organizations: WASHINGTON, Republican, Republicans, NBC News, ”, Democratic, GOP, Trump, White House, ” Democratic, Senate, 119th Locations: Washington, Texas, Ky, Pennsylvania, Maryland, Connecticut, Ukraine, Russia, North Carolina, R, Los Angeles

☆ Democrat Dave Min defeats Scott Baugh in critical California House race
▼ + stars: | 2024-11-13 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +1 min

Democrat Dave Min has defeated Republican Scott Baugh in the race for a congressional seat in Orange County, California, NBC News projects. The results come after a contentious election cycle in a swing district with rapidly shifting demographics. The number of registered Democrats is nearly identical to the number of registered Republicans in a district where unaffiliated voters largely decided the race. But Min previously told NBC News that his advocacy for the community makes him well-positioned to represent it. “Those of us who are Asian American end up representing not just our own districts but Asian Americans across the entire region, maybe across the entire U.S.”

Persons: Dave Min, Republican Scott Baugh, Min, Baugh, ” Min, ” Organizations: Republican, NBC, NBC News Locations: Orange County , California, America, Irvine, American, U.S

Former Vice President Mike Pence was, for most of their four years together, a loyal partner who helped smooth Trump’s dealings with establishment Republicans and evangelical conservatives. “It compresses things,” said Joel Goldstein, a vice presidential scholar and professor emeritus at Saint Louis University. At one point, polling showed him to be one of the least-liked vice presidential candidates over the last 30 years. And during his own presidency, Biden tasked Vice President Kamala Harris with the tough-to-define and tough-to-evaluate assignment of tackling the root causes of migration from Mexico and Central America. He also was the last sitting vice president to win the presidency.

Persons: JD Vance, — “, Vance, ”, Donald Trump, Trump, “, Jordan Wiggins, “ He’s, Al Gore, Bill Clinton’s, Joe Biden, Barack Obama, Obama, Grover, Mike Pence, Pence, Trump —, Joel Goldstein, Tim Walz, JD, ” Wiggins, ” Vance, isn’t, “ JD, ” Vance hasn’t, Gore, George W, Bush, Dick Cheney, Biden, Kamala Harris, Harris, I’d, George H.W, George H.W . Bush, Ronald Reagan, Reagan Organizations: Republican Party, Trump, Jan, U.S . Capitol, Saint Louis University, Senate, Democratic, Minnesota Gov, NBC, Press, GOP, The New York Times, Central America, NBC News, Republican National Convention Locations: Ohio, Cincinnati, Grover Cleveland, Iowa, New Hampshire, Minnesota, Clinton, Mexico, Central, George H.W .

☆ Judge explains why he handed Elon Musk his $1 million-a-day sweepstakes win
▼ + stars: | 2024-11-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

AdvertisementA Philadelphia judge has explained why he didn't shut down Musk's $1 million-a-day sweepstakes. The decision would help Musk and his America PAC move for outright dismissal of the lawsuit. Elon Musk's controversial $1 million-a-day swing state sweepstakes was never a lottery, a Philadelphia judge said in a written decision explaining why he declined to shut the program down after a hearing last Monday. Lotteries require a prize, a payment for a chance to win that prize, and for winners to be chosen at random, the judge said. Representatives for Krasner, Musk, and the PAC did not immediately respond to requests for comment on the judge's decision and next steps in the case.

Persons: Musk, Elon Musk's, Larry Krasner, Judge Angelo Foglietta, credibly, Donald Trump's, Krasner Organizations: America PAC, Philadelphia, PAC, Pleas, Department of Justice, Musk's Locations: Philadelphia, Philadelphia County, Philadelphia's, Texas, Arizona

☆ CEO reveals the worst job interview response he's ever heard: It blatantly says ‘I don’t know what the hell I’m doing'
▼ + stars: | 2024-11-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Daniel Haarburger always asks job candidates a simple, common interview question: What does your day-to-day life look like? One candidate gave him a textbook example of the "worst response that I've ever heard," Haarburger, the CEO of Denver-based dog toy company Woof, tells CNBC Make It. That was someone blatantly saying, 'I don't know what the hell I'm doing.'" You do need to be honest during job interviews, Haarburger notes. Haarburger offers another piece of advice: No matter what you say, keep your demeanor and body language consistent throughout your interview.

Persons: Daniel Haarburger, who's, didn't, Haarburger, Tom Gimbel, DON'T, I'm, Gimbel, Matt Abrahams, Abrahams Organizations: CNBC, LaSalle Network, Stanford University Locations: Denver

☆ The effect of pay transparency laws on states
▼ + stars: | 2024-11-13 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

The net effect for employers and employeesWhile only a minority of states require employers to provide pay transparency, their laws are having a domino effect on employers across the United States. “The majority of top-performing organizations (57%) embrace pay transparency and share pay ranges even when not required by law,” Payscale’s report noted. How pay transparency is helping individualsWhile there are federal laws prohibiting wage discrimination based on gender and other protected classifications, most states also have their own pay equity laws on the books. Wieselthier considers pay transparency laws a subset of pay equity because they provide a tool people can use to ensure they’re being paid fairly. “The whole purpose of pay transparency laws is to empower the candidates to negotiate,” Seikaly said.

Persons: Jersey —, Phil Murphy, ”, Sarah Wieselthier, Fisher Phillips, That’s, ” Wieselthier, Gen Z, Zers, Lulu Seikaly, —, Payscale, –, Wieselthier, ” Seikaly, “, Seikaly Organizations: CNN, — Locations: Washington, California , Colorado , Connecticut, Hawaii , Illinois, Maryland , Massachusetts, Minnesota , Nevada , New York, Rhode Island , Vermont, Illinois , Massachusetts, Minnesota, Vermont, Jersey, Jersey City , New Jersey, Cincinnati, Toledo, Ohio, New York City, Ithaca, Westchester County, New York State, United States

What issue did your vote come down to in the end? Starting in mid-August, we spoke regularly to 13 young voters who were torn about their choice in the presidential election, to track how and why their opinions were evolving. “I can’t believe it, but I did end up voting for Donald Trump,” said Abigail, a 23-year-old Virginian who backed Mr. Biden last time. She felt Mr. Trump was a strong leader, liked his choice of JD Vance and felt Democrats made assumptions based on gender. Even those in our group who sharply disagreed with one another felt a measure of appreciation for the chance to talk and listen.

Persons: Joe Biden, Kamala Harris, Donald Trump, Trump, “, ”, Abigail, Biden, JD Vance, Harris, Joe Rogan’s, Gen Organizations: Biden, Mr, Trump Locations: Gaza, America

☆ LA Times owner says Harris’ stance on Gaza war contributed to non-endorsement, plans editorial board revamp
▼ + stars: | 2024-11-13 | by ( Liam Reilly | Hadas Gold | ) edition.cnn.com time to read: +5 min

Three members of the paper’s editorial board resigned, scores of staffers openly protested, and thousands of readers cancelled their subscriptions as the Times was thrust into an uncomfortable spotlight. A new Editorial Board. After news of the Times’ non-endorsement broke last month, Soon-Shiong’s 31-year-olddaughter, Nika, told The New York Times that “our family made the joint decision” over Harris’ stance on the war in Gaza. As with the Times, the decision was handed down by the publication’s billionaire owner, Amazon founder Jeff Bezos, igniting a firestorm of controversy. Asked about whether the backlash over his decision not to endorse had been a “disaster” for the paper, Soon-Shiong pushed back.

Persons: Patrick Soon, Shiong, Kamala Harris, Harris, ”, “, Nika, ’, “ Somebody, ‘, Jeff Bezos Organizations: New, New York CNN, Los Angeles Times, Times, CNN, Editorial Board, Trust, New York Times, Washington Post, Amazon Locations: New York, Gaza

☆ Elon Musk may already be overstaying his welcome in Trump’s orbit
▼ + stars: | 2024-11-13 | by ( Dasha Burns | David Ingram | ) www.cnbc.com time to read: +6 min

In a statement, Trump-Vance transition spokeswoman Karoline Leavitt said, "Elon Musk and President Trump are great friends and brilliant leaders working together to Make America Great Again. Elon Musk is a once in a generation business leader and our federal bureaucracy will certainly benefit from his ideas and efficiency." An adviser to Trump said that Elon Musk would join Trump in a meeting Wednesday with Republican lawmakers ahead of leadership elections. In posts on X in the past week, Musk has pushed various policy ideas including deporting immigrants and slashing government spending. On Sunday, one of Trump's grandchildren, Kai Trump, posted a photo on X of herself with Musk, writing that Musk was "achieving uncle status."

Persons: Elon Musk, Donald Trump, Vivek Ramaswamy, Musk, who've, they're, he's, Trump, Vance, Karoline Leavitt, Volodymyr Zelenskyy, Elon, pester Trump, Elon doesn't, Cantor Fitzgerald, Howard Lutnick, Kai Trump Organizations: Trump, Tech, SpaceX, Department of Government, America PAC, Mar, Ukrainian, Republican, PAC, West Palm Beach Locations: Butler , Pennsylvania, U.S, Beach , Florida, Pennsylvania, West Palm Beach, Mar, West Palm, Austin , Texas

The report adds to some other examples of hateful rhetoric spreading after Trump’s victory. Gender played a central role in this year’s election as Vice President Kamala Harris’ presidential campaign emphasized reproductive rights. Even before his election, Trump and his supporters had targeted Harris with misogynistic comments throughout her campaign. On platforms like TikTok, women posted about the misogynistic comments they had received parroting Fuentes’ remarks, with many also rebuking the sentiment. A TikTok spokesperson confirmed that phrases like “your body, my choice” violates community guidelines, except for instances of counterspeech.

Persons: Donald Trump, Nick Fuentes —, —, Fuentes, “, Isabelle Frances, Wright, Kamala Harris ’, Trump, Harris —, Joe Biden, Harris, Donald Trump’s, ” Fuentes ’, parroting Fuentes ’ Organizations: Strategic, Institute for Strategic, Institute, Strategic Dialogue’s, Black, FBI, NBC, Elon Musk’s America PAC, Communist, Trump Locations: London

Amid a presidential loss and hand-wringing over the wreckage, congressional gains for Democrats in New York state are one of the small bright spots shining out from the party’s bleak results. The Democratic Party lost five competitive House races in this blue state two years ago — the exact margin by which they lost the House majority. One key ingredient isn’t available everywhere: Democrats redrew the state political maps early this year, though that move gave some Democrats heartburn at the time. In the aftermath of 2022, three top New York Democrats — Gov. Internal polling from the House GOP campaign arm across the seven competitive House districts showed Harris trailing Biden’s margins – and even giving Trump an edge.

Persons: Kamala Harris underperformed, Joe Biden, heartburn, Hochul, Harris, Josh Riley, It’s, they’re, Biden, ” Riley, “ We’ve, ” It’s, Kathy Hochul, Sen, Kirsten Gillibrand, Hakeem Jeffries —, Coke, Syracuse University —, —, “, ”, you’d, aren’t Organizations: Democratic Party, redrew, Democratic, ”, NBC, Congressional, Democrats, New York Democrats — Gov, NBC News, Syracuse University, Pepsi, Republicans, Republican, stoke, GOP, Trump Locations: New York, Riley’s, “, York, Wisconsin, New York City

☆ In Trump’s second term, czars will reign
▼ + stars: | 2024-11-12 | by ( Kayla Tausche | ) edition.cnn.com time to read: +5 min

CNN reported on Friday that Burgum was under consideration for a role as energy czar. “It’s sort of the conservative version of [the Biden administration’s senior climate advisor] John Podesta,” one of the sources said. Burgum had been in contention for a Cabinet-level position, like running the department of Interior or Energy, CNN previously reported. It also means those candidates – not burdened by a lengthy Senate confirmation process – can launch their work on day one. Alex Wong/Getty ImagesThe term “czar” has come to refer to a political appointee with a specific problem to solve.

Persons: –, Doug Burgum, Donald Trump’s, Burgum, John Podesta, ”, ’ ”, Alex Wong, Barack Obama, Joe Biden, czars, Trump, Trump’s, Elise Stefanik, Stephen Miller, Tom Homan, Homan, ’, ” Trump, Robert F, Kennedy Jr, Kennedy, you’re Organizations: CNN, Trump, North, Biden, Interior, Energy, North Dakota Gov, Republican National Convention, State, Treasury, Republican, United Nations, White, Customs, Department of Homeland Security, Former ICE, Border Control, Trump Administration, Aviation Security, Truth, “ Locations: North Dakota, Milwaukee , Wisconsin, Guantanamo, Trump

☆ Hedge funds performed better under Democratic presidents than Republican ones, history shows
▼ + stars: | 2024-11-12 | by ( Leslie Picker | ) www.cnbc.com time to read: +1 min

NYSEThere's been a rush of enthusiasm on Wall Street regarding Donald Trump's election win, but hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR, collating data going back to 1991. But during Democratic administrations, the gap was about 183 basis points, with hedge funds delivering average, annualized returns of 10.16%, compared to 11.99% from the S&P 500. Zoom In Icon Arrows pointing outwards HFRWhen compared with the a bond index, HFR found that hedge funds under both parties outperformed – with stronger alpha when a Democrat was in the White House. Zoom In Icon Arrows pointing outwards HFRSurprisingly, the way that hedge fund participants donate in elections was a bit more tilted toward one party. Zoom In Icon Arrows pointing outwards Open Secrets

Persons: Donald Trump's, annualized, HFR Organizations: New York Stock Exchange, NYSE There's, Republican, Democratic, Democrat Locations: HFR

Pushing the funding fight to next year would put Trump in position to have far greater say. Congress faces a jam-packed to-do list of critical legislative items, including the annual defense policy bill. The next Trump loyalty test – who will lead the Senate GOP? The new Senate GOP leader will be elected by secret ballot, meaning no one will know who voted for which candidate. The House and Senate are only expected to be in session for two weeks before leaving for the Thanksgiving holiday.

Persons: Donald Trump won’t, Trump, Mike Johnson, Johnson, ”, Kelly Armstrong, “, Trump’s, Dusty Johnson of, “ I’m, Mitch McConnell, John Thune of, John Cornyn of, Rick Scott, McConnell, –, ” Thune, Cornyn, ” Scott, Scott, Sens, Marco Rubio, Tommy Tuberville, Bill Hagerty, Ron Johnson, they’d, haven’t, Elon Musk, Musk, Hakeem Jeffries, There’s, Alayna Treene Organizations: CNN, White House, Capitol, Republican Party, GOP, Trump, North, Republican, Senate, Florida Republican, Democratic, Republicans, National Defense, Department of Defense Locations: North Dakota, Dusty Johnson of South Dakota, Sens, John Thune of South Dakota, John Cornyn of Texas, Florida, Marco Rubio of Florida, Alabama, Tennessee, Wisconsin, Washington, United States

☆ Lina Khan likely to be fired as FTC Chair under a Trump presidency
▼ + stars: | 2024-11-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Representatives for Trump’s transition team and the FTC didn’t respond to requests for comment. Wall Street, which has been on a tear since Trump’s decisive victory last week, appears to be ready to turn the page on the Khan era. Similarly, the FTC has gone after Big Tech, Big Pharma and even Big Mattress in the name of keeping competition robust. To them, Khan and her DOJ partner in trustbusting, Jonathan Kanter, represent a threat to the bottom line. Since last week’s election, both Kroger and Albertsons shares have risen sharply as investors anticipate the deal would face little resistance under Trump’s FTC.

Persons: CNN Business ’, New York CNN — Lina Khan’s, Donald Trump, Khan, she’s, Lina Khan, Jennifer Rie, kowtow, Jonathan Kanter, Elon Musk, Trump, ” Barry Diller, “, ‘, Republican “ Khanservative, JD Vance, Gail Slater, Vance, ”, David Kostin, Goldman Sachs, Kostin, Donald Trump’s, Brian Gardner, ” Gardner, Susie Wiles Organizations: CNN Business, New York CNN, Federal Trade Commission, FTC, Republican, Bloomberg Intelligence, CNN, Justice, Albertsons, Big Tech, Big Pharma, IAC, Democratic, Bloomberg, Kroger, Trump’s FTC, Goldman Sachs ’, White, Trump, Federal Reserve Locations: New York, it’s, trustbusting, Washington

☆ Germany sets early election date for February after collapse of the ruling coalition
▼ + stars: | 2024-11-12 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Germany is set to hold a federal election in February, earlier than Chancellor Olaf Scholz had originally proposed after his ruling coalition collapsed last week. The election is set to be held on February 23, according to sources within the parliamentary group of Scholz' social democratic party (SPD). It is a necessary step ahead of early elections in Germany as the chancellor must first call for the vote in parliament. Lindner was replaced by Jörg Kukies who was appointed as the new finance minister on November 7. Scholz' SPD and the Green party will form a minority government in Germany until the election in February.

Persons: Olaf Scholz, Joerg Kukies, Scholz, Christian Lindner, Chancellor Olaf Scholz, Lindner, Jörg Kukies Organizations: Bundestag, Authorities, Green Locations: Berlin, Germany

☆ This interview mistake is an 'absolute' red flag, says tech exec—here's how to avoid making it
▼ + stars: | 2024-11-12 | by ( Alex Koller | ) www.cnbc.com time to read: 1 min

Succeeding in a job interview requires you to offer strong answers, but you can't do that unless you're also listening intently, says Gillian Munson. Failing to listen to the question asked, and answering with an inappropriate response, is the top, "absolute" red flag she sees in candidates during interviews, says Munson, Vimeo's chief financial officer. "Sometimes folks are in such a hurry to get through the conversation that they don't carefully listen to the question and answer it," she tells CNBC Make It. Even in instances when a candidate is trying to skirt around a question they don't want to answer head-on, it's important to acknowledge that the question is there and relate your answer back to it, advises Munson, 54, who has more than 30 years of experience in the finance industry.

Persons: Gillian Munson, Munson Organizations: CNBC

☆ Polymarket and Kalshi Predicted Trump's Win. Now Comes the Hard Part.
▼ + stars: | 2024-11-12 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +8 min

Days before the election, Polymarket odds showed Trump had a 60% chance of winning. The electorate took notice: Kalshi and Polymarket soared to the top of Apple's App Store on Tuesday evening. Advertisement"Last night, Kalshi showed how prediction markets can decisively outperform polls and traditional media," Kalshi posted on X. And can the prediction markets ride their momentum now that the election's over? Prediction markets are "going to attract people who want to influence public perception," Broughel says.

Persons: Nate Silver, Kamala Harris, Donald Trump, Polymarket, Trump, Kalshi, Shayne Coplan, Coplan, Elon Musk, Taylor Swift, Travis Kelce, Robinhood, There's, Xavier Sottile, Bettors, Sottile, Robert F, Kennedy Jr, he'll, John F, Kennedy, Koleman Strumpf, Strumpf, Broughel, James Broughel, Israel —, — Polymarket, who've Organizations: Trump, CNBC, MIT, Victoria University, Wake Forest University, RFK Jr, Competitive Enterprise Institute, Wall Street Journal, Twitter, New York Times Locations: New Zealand, Kalshi, Ukraine, Iran

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