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☆ Opinion | No, Wall Street, The Treasury Isn’t Rigging the Economy for Democrats
▼ + stars: | 2024-07-29 | by ( Peter Coy | ) www.nytimes.com time to read: 1 min

There’s a story going around Wall Street that the Treasury Department is trying to help Democratic candidates in November by how it issues debt. I don’t buy it. Scott Bessent, a hedge fund manager who has raised money for Donald Trump’s campaign, told me last week that he thinks Janet Yellen, the current Treasury secretary, is an “apparatchik” for the White House whose behavior is “appalling.”Nouriel Roubini, a well-known economist who describes himself as a lifelong Democrat, isn’t as harsh as Bessent, but he told me he thinks the Treasury Department is inappropriately engaging in a kind of monetary policy, which is the purview of the Federal Reserve. “The Fed is in charge of managing the business cycle,” he said. “Treasury doesn’t have that mandate.”I’ll explain why I think Bessent, Roubini and others are barking up the wrong tree, but first I’ll lay out their argument.

Persons: Scott Bessent, Donald Trump’s, Janet Yellen, ”, Nouriel, isn’t Organizations: Treasury Department, Democratic, White, Department, Federal Reserve, Treasury Locations: Roubini

☆ How a Texas woman managed to steal over $100 million from the US Army
▼ + stars: | 2024-07-28 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

A judge sentenced a Texas woman to 15 years for stealing over $100 million from the US Army. Janet Yamanaka Mello used her position at Fort Sam Houston to secure fraudulent grants. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Texas woman will spend more than a decade in prison after stealing over $100 million from the military to fund her lavish lifestyle. A federal judge sentenced Janet Yamanaka Mello, 57, to a term of 15 years in federal prison last week on five counts of fraud and five counts of filing false tax returns.

Persons: Janet Yamanaka Mello, Fort Sam Houston, Mello, — Organizations: US Army, Fort, Service, Child & Youth Services, Child Health, Lifelong, Business Locations: Texas, Fort Sam

☆ US Army worker who stole nearly $109 million to buy mansions and luxury cars is sentenced
▼ + stars: | 2024-07-24 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

Mello was a financial manager who handled funding for a youth program at the military base and determined whether grant money was available. Prosecutors said Mello used the fake organization she created to apply for grants through the military program. Mello used the money to buy millions of dollars of real estate, clothing, high-end jewelry and 82 vehicles that included a Maserati, a Mercedes, a 1954 Corvette and a Ferrari Fratelli motorcycle. “Janet Mello is a good, kind, caring and loving person that would do no harm to anyone,” Faison wrote. Please allow her to repay her debt to society by returning what she has taken but not be behind prison bars.”

Persons: Janet Yamanaka Mello, Xavier Rodriguez, Mello, Fort Sam Houston, “ Janet Mello, ”, Jaime Esparza, “, selfishly, ” Esparza, Albert Flores, ” Flores, Flores, Prosecutors, Justin Simmons, Mercedes, Simmons, Lucy Tan, Mello’s, Denise Faison, ” Faison, “ Janet Organizations: US District, Prosecutors, Fort, Child Health, Lifelong Development, Western, Western District of, Defense Locations: Texas, Fort Sam, San Antonio, Western District, Western District of Texas, Houston

☆ Homeland Security Secretary Announces Panel on Trump Assassination Attempt
▼ + stars: | 2024-07-21 | by ( Hamed Aleaziz | Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

The homeland security secretary, Alejandro N. Mayorkas, on Sunday announced the members of a panel to conduct an independent review into security failures after a gunman was able to wound former President Donald J. Trump last weekend at a campaign rally in Butler, Pa. The Secret Service, which answers to Mr. Mayorkas, is facing criticism for its decisions in planning security for the event, and Republican leaders have called for the agency’s director, Kimberly A. Cheatle, to resign. Mr. Mayorkas’s announcement on Sunday promised that the panel would get to the bottom of what went wrong and what changes the Secret Service should make to protect the country’s leaders. The panel — described by Mr. Mayorkas as bipartisan — that will be conducting the 45-day review will be made up of Janet Napolitano, a former homeland security secretary; Frances Townsend, a former homeland security adviser to President George W. Bush; Mark Filip, a former federal judge and a deputy attorney general under Mr. Bush; and David Mitchell, a former secretary of the Delaware Department of Public Safety and Homeland Security. Mr. Mayorkas said he could invite additional experts to join the panel in the coming days.

Persons: Alejandro N, Donald J, Kimberly A, ” Mr, Mayorkas, Janet Napolitano, Frances Townsend, George W . Bush, Mark Filip, Bush, David Mitchell Organizations: Sunday, Trump, Republican, Delaware Department of Public Safety, Homeland Security Locations: Butler, Pa

☆ ‘Twisters’ and the Appeal of the Sequel
▼ + stars: | 2024-07-20 | by ( Melissa Kirsch | ) www.nytimes.com time to read: +2 min

That movie is “Twister,” the story of a lovably eclectic band of tornado chasers who follow soon-to-be-divorced Bill Paxton and Helen Hunt right into the eye of many storms. We got cows.”One friend said she watched it every single time she happened upon it on cable. As Janet Maslin wrote in The Times when the movie came out, “Somehow ‘Twister’ stays as uptempo and exuberant as a roller-coaster ride, neatly avoiding the idea of real danger.”This week, “Twisters,” a sequel to “Twister,” directed by Lee Isaac Chung, arrived in theaters. I didn’t have a deep-rooted relationship with the original film, but, fresh off my positive viewing experience, I didn’t feel like I needed another chapter. Why can’t we just make one good thing and then make another new thing that’s also good?

Persons: Bill Paxton, Helen Hunt, Philip Seymour Hoffman, Dorothy ”, Julia, Hoffman, Alan Ruck, Jami Gertz, Lois Smith, Todd Field, I’d, Janet Maslin, ’, “, ”, Lee Isaac Chung, Glen Powell, Charlie Organizations: Times

☆ Janet Jackson really, but politely, dislikes doing interviews: ‘Please stop asking me questions’
▼ + stars: | 2024-07-19 | by ( Lisa Respers France | ) edition.cnn.com time to read: 1 min

CNN —Janet Jackson loves performing. During an interview with the radio program “Heart Evenings with Dev Griffin,” the topic of being interviewed came up and Jackson made clear her feelings. “I don’t mean to be rude, but I have to be honest with you,” she said. “Please stop asking me questions.”“I’ve never thought I give a good interview,” Jackson explained. She is currently on the North American portion of her “Together Again Tour,” which heads to Europe in September.

Persons: Janet Jackson, Dev Griffin, Jackson, “, ”, ” “ I’ve, ” Jackson, that’s Organizations: CNN Locations: Europe

Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. "So this is not going to be a sustainable driver of growth for China." China's exports to the U.S. rose by a modest 1.5% in the first half of the year. Citi forecasts 5.0% growth in real GDP growth for China this year. UBS forecasts 4.9% growth for China's economy this year.

Persons: Xi Jinping, Donald Trump, Artyom Ivanov, Goldman Sachs, Trump, JD Vance, Hui Shan, CNBC's, Janet Yellen, Vance, Biden, Mike Pence wouldn't, MAGA, Lin Jian, Goldman's Shan, Shan, Tao Wang Organizations: TASS, Getty, BEIJING, U.S, European, Citi, Fox News, Trump, Capitol, China's Ministry of Foreign Affairs, CNBC, UBS Investment Bank, UBS Locations: Beijing, China, U.S, European Union, Asia, Ukraine

☆ These 10 U.S. states have America’s worst economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

That is why CNBC looks at state economies in ranking America's Top States for Business. We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Some states are at the top of their economic game — home to America's 10 best state economies. JB Pritzker, and all the major rating agencies have the state in their "A" categories for the first time in years.

Persons: Phil Scott, Jobs, J.B . Pritzker, Erin Hooley, JB Pritzker, Asplundh, Michael G, Janet Mills, Mills, Gina Raimondo, Joe Biden, Anna Moneymaker, Gina Raimondo —, —, Rhode Island's, Luke Sharrett, Ed Zurga, Bryan Tarnowski, Hurricane Katrina, New Hampshire Jada, Patrick T, Fallon, Hawaii's, Nature, Spencer Platt Organizations: CNBC, Business, Republican Gov, Direct Investment, Illinois, Illinois Illinois Gov, Thompson Center, Tribune, Service, Democratic Gov, Major Corporations, GE Healthcare Technologies, Mondelez, Seamans, Portland Press Herald, Getty, National Association of State, Officers, Pew, Major Corporation, IDEXX, Rhode, Semiconductors, America, White, U.S . Commerce, Major, CVS Health, Hasbro, Kentucky, Bloomberg, Bluegrass State, Federal Housing Finance Agency, Kansas Carpenters, Glenn Eagles, Louisiana Homes, Treme, Louisiana State University, Hurricane, Pool Corporation, Granite State, U.S . Chamber, Commerce, New Hampshire Department, Labor, The New Hampshire Tech Alliance, Afp, Aloha State Locations: U.S, States, Vermont, Illinois Illinois, Chicago, Lincoln, Illinois, Maine, Rhode Island WASHINGTON, DC, Washington , DC, Louisville , Kentucky, Bluegrass, Kentucky, Kansas, Kansas City , Kansas, Sunflower, Claiborne, New Orleans , Louisiana, New Orleans, New Hampshire, Granite, The, Hawaii, Maui, Lahaina , Hawaii, Mississippi, Biloxi , Mississippi

CNN —President Joe Biden tested positive for Covid-19 on Wednesday, disrupting a key campaign event meant to shore up support with Latino voters at a critical juncture in the election. President Joe Biden gives a thumbs-up as he prepares to board Air Force One in Las Vegas on July 17, 2024, after testing positive for Covid-19. A campaign source separately told CNN that the Biden campaign will readjust and do as much as possible remotely. Harris’ husband, second gentleman Doug Emhoff, tested positive for Covid-19 earlier this month – though the vice president tested negative for the virus at the time. The president first tested positive for Covid-19 in July 2022 and suffered a second, so-called rebound case in the days after.

Persons: Joe Biden, Biden, “, ” Biden, ”, Janet Murguía, Covid, Donald Trump, Biden’s Covid, Adam Schiff, Trump, ” “ He’s, ‘ Kamala can’t, ’, Kamala, “ It’s, Kamala Harris, Harris ’, Doug Emhoff, mailaise, Karine Jean, Pierre said, CNN’s Dana Bash, MJ Lee, Eva McKend, Sam Fossum, Katia Hetter, Megan Trimble Organizations: CNN, Air Force, US Centers for Disease Control, Democratic, Las Vegas –, CDC, White, Biden, White House, House Intelligence, Republican National Convention, Democratic Party, Covid Locations: Las Vegas, Delaware, Rehoboth Beach , Delaware, California, Milwaukee, Atlanta, Fayetteville , North Carolina

☆ Biden announces plan to cap rent increases at 5% for half of American rental households
▼ + stars: | 2024-07-16 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +5 min

Read previewPresident Joe Biden on Tuesday rolled out a plan offering landlords a choice: cap annual rent increases at 5% for the next two years or risk losing valuable tax credits. These landlords control more than half the national rental market, according to senior White House officials. Corporate landlords who increase rent by more than 5% would lose the valuable tax benefit known as depreciation deductions. AdvertisementA focus on housing affordabilityAs president, Biden has pushed a series of pro-housing policies and generally favored more federal participation in housing policy. Tuesday's move is part of a series of recent housing policy announcements from the administration.

Persons: —, Joe Biden, Lael Brainard, Biden, Donald Trump, alledgedly colluding, Kamala Harris, Janet Yellen Organizations: Service, White House, Business, Harvard Joint Center for Housing Studies, Harvard, Tax, Republicans, Union Locations: Nevada, Clark County, Henderson , Nevada, State

Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific island nation of Kiribati May 25, 2013. CHINESE INTEREST AS WESTERN BANKS EXIT"The proposed World Bank project is a creative way of addressing the challenge of de-risking and small scale in Pacific Island countries," said Lalita Moorty, the World Bank's East Asia and Pacific director for prosperity. Without access to overseas banks, Pacific countries would struggle to receive remittances - a key component of their economies - welcome holidaymakers or trade with the wider world. "It can create instability for the financial system," said Denton Rarawa, senior economics adviser at the Pacific Islands Forum. "What we're saying is that if you're not going to address concerns and issues we have, Pacific countries will start looking elsewhere for support."

Persons: David Gray, Solomon, Lalita Moorty, Denton Rarawa, Mark Brown, Janet Yellen, Ariff Ali, Lewis Jackson, Lucy Craymer, Ziyi Tang, William Mallard Organizations: REUTERS, Villagers, WELLINGTON, Bank, U.S, Pacific Islands, World Bank, Pacific, ANZ Bank, Westpac, Bendigo Bank, Bank of China, Reuters, Cook, U.S . Treasury, Federal Reserve, Reserve Bank of Fiji, Thomson Locations: Tangintebu, South, Pacific, Kiribati, SYDNEY, Australia, China, Washington, Nauru, Solomon Islands, Taiwan, Beijing, U.S, East Asia, Papua New Guinea, Vanuatu, Tonga, Samoa, Brisbane, Pacific Islands, Sydney, Wellington

☆ How Janet Yellen Became an Unlikely Culinary Diplomat
▼ + stars: | 2024-07-13 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

There was mayonnaise mixed with ants at a gastronomic taqueria in Mexico City. The garlic at a Persian restaurant in Frankfurt was aged 25 years. And, yes, the magic mushrooms in Beijing were hallucinogenic. “It’s not like it’s a scheme to conduct some sort of diplomacy,” Ms. Yellen, 77, said during an interview in June over scrambled eggs with onions and home fries at Sarge’s Delicatessen and Diner in New York City. The intrigue has been a surprising twist in the tenure of Ms. Yellen, an economist and former Federal Reserve chair, who unlike most previous Treasury secretaries prizes mixing in cultural experiences with the grind of government travel.

Persons: Anthony Bourdain, Janet L, It’s, Ms, Yellen Organizations: Federal Reserve Locations: Mexico City, Frankfurt, Beijing, Russian, New York City

☆ Market trading in complacent manner on the back of strong earnings reports, analyst says
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket trading in complacent manner on the back of strong earnings reports, analyst saysJanet Mui, head of market analysis at RBC Brewin Dolphin, says overall the market has been trading in a complacent manner due to the hope for rate cuts, the trend of artificial intelligence and strong earnings reports.

Persons: Janet Mui Organizations: Email, RBC

☆ Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires
▼ + stars: | 2024-07-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. The U.S. Department of the Treasury and the IRS on Thursday announced what they called a "major milestone" of collecting more than $1 billion in tax debt from high-income individuals over the past year. "The IRS has collected $1 billion from millionaires and shown that it can successfully launch strategic new initiatives and achieve the greatest return on investment," Treasury Secretary Janet Yellen told reporters during a press call. The infusion of IRS funding, enacted via the Inflation Reduction Act in 2022, still has its critics, however, particularly among congressional Republicans. "During the past decade, the IRS didn't have the resources or staffing to pursue high-income earners who our compliance team knew owed taxes," IRS Commissioner Danny Werfel said during the press call.

Persons: Danny Werfel, Janet Yellen, Biden Organizations: Revenue, Capitol, U.S . Department of, Treasury, IRS, Finance Locations: Washington

☆ PIPs have rankled the Wall Street Journal newsroom and are at the center of a new lawsuit
▼ + stars: | 2024-07-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Read previewAn uptick in disciplinary actions during Emma Tucker's reign at The Wall Street Journal has unnerved the newsroom, and now a former Journal reporter has filed a lawsuit challenging them. The lawsuit, filed by Stephanie Armour, alleges that she was fraudulently targeted for dismissal starting in April 2024 despite excelling in her job. Some said they saw the moves as a way to get rid of high-earning employees who are protected from being fired without cause by Journal publisher Dow Jones' union, IAPE. It was formed after Rupert Murdoch's acquisition of Dow Jones in 2007 to allay concerns of Dow Jones' longtime former owners, the Bancroft family. Dow Jones and editorial leadership haven't immediately responded to requests for comment from Business Insider.

Persons: —, Emma Tucker's, Stephanie Armour, they've, Dow Jones, Jodi Green, Rupert Murdoch's, Bancroft, Tucker's, Damian Paletta, Janet Adamy, Armour, Paletta, Amour, I'd, I've, Robert Housman, Housman, haven't, Tucker, Lucia Moses Organizations: Service, Wall, Business, Dow, Journal, Dow Jones & Co, Washington, District of Columbia, Hill Partners Locations: lmoses@businessinsider.com

☆ American mountaineer’s body found by fellow US climbers 22 years after going missing in Peru
▼ + stars: | 2024-07-09 | by ( Sahar Akbarzai | ) edition.cnn.com time to read: +5 min

CNN —The body of an American mountaineer has been discovered by a pair of fellow US climbers 22 years after he went missing following an avalanche in the Peruvian Andes. American brothers Ryan Cooper and Wesley Waren found the body of Bill Stampfl on June 27 on Mount Huascaran, according to Joseph Stampfl, Bill’s son. Finding Bill’s familyCooper, a native of Las Vegas, Nevada, called his wife and informed her of his discovery the same day he came across Stampfl’s body. ‘My heart just sank’After so many years, the news came as an emotional shock to Stampfl’s family. The fact that they found him, it opened up all the wounds,” Jennifer told CNN on Tuesday.

Persons: Ryan Cooper, Wesley Waren, Bill Stampfl, Joseph Stampfl, Bill’s, Cooper, “, ” Cooper, Stampfl, Steve Erskine, Matthew Richardson, Jennifer Stampfl, Joseph, Jennifer, Stampfl’s, Janet, we’re, ” Jennifer, ” Janet, …, ” Joseph, he’s, Peru –, ”, CNN’s Duarte Mendonca, CNNE’s Veronica Calderson Organizations: CNN, Peruvian Mountain Rescue Association, Peruvian National Police, Peru’s National Police Locations: American, Peruvian, Huascaran, Peru’s Cordillera Blanca, Yungay, Las Vegas , Nevada, Juarez, Lima, United States, Bolivia, Colombia, Ecuador, Peru

☆ The American Inspiration for Britain’s First Female Chancellor
▼ + stars: | 2024-07-06 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

After 14 years in the shadows, Britain’s Labour Party has returned to governing. And the country’s first female chancellor of the Exchequer, Rachel Reeves, is faced with the tough job of restoring Britain’s economic growth prospects and ending a decade and a half of stagnation. For inspiration, she has turned to another glass-ceiling-shattering woman, on the other side of the Atlantic: the U.S. Treasury secretary, Janet L. Yellen. Ms. Reeves was named chancellor on Friday after the Labour Party won a majority in Thursday’s general election. Ms. Yellen’s “modern supply-side economics” aims to bolster economic growth by increasing the number of workers and raising productivity while reducing inequality.

Persons: Rachel Reeves, Janet L, Reeves, Yellen, Yellen’s Organizations: Britain’s Labour Party, U.S, Treasury, Labour Party Locations: United States

☆ Election Live Updates: Embattled Biden Hits Trail and Sits for Crucial Interview
▼ + stars: | 2024-07-05 | by ( Nicholas Nehamas | ) www.nytimes.com time to read: +7 min

But Mr. Biden told the governors, some of whom were at the White House while others participated virtually, that he was staying in the race. Josh Green of Hawaii, a physician, asked Mr. Biden questions about the status of his health, Mr. Biden replied that his health was fine. Image Democratic governors left the White House after meeting with Mr. Biden on Wednesday. Mr. Biden told a Milwaukee radio station in an interview made public Wednesday that he had “a bad night.” In the prerecorded interview with the radio host Earl Ingram, Mr. Biden added, “The fact of the matter is that I screwed up. A White House spokesman, Andrew Bates, confirmed that Mr. Biden had seen the White House physician to check on the cold.

Persons: Biden, Donald J, Trump, Biden’s, Mr, Josh Green of, It’s, Kathy Hochul, Jen O’Malley Dillon, O’Malley Dillon, ” Kevin Munoz, Bush, Obama, Joe Biden, Donald Trump, Doug Mills, —, J.B . Pritzker, Jared Polis of, Janet Mills of, Michelle Lujan Grisham, Mills, Lujan Grisham, Maura Healey, Jeff Zients, irretrievable ”, ”, Earl Ingram, White, Andrew Bates, Karine Jean, Pierre Organizations: New York Times, White, Gov, Democratic, ., Illinois, Jared Polis of Colorado, White House, Politico, House Locations: Josh Green of Hawaii, New York, Janet Mills of Maine, New Mexico, Massachusetts, Milwaukee

☆ My brother drowned trying to save someone else on the Fourth of July. I dread the holiday every year.
▼ + stars: | 2024-07-03 | by ( Janet Funk | ) www.businessinsider.com time to read: +6 min

While the rest of America is celebrating, I'm reliving the day my brother drowned, the day my family went from eight kids to seven. My brother Dave and I drove up together on July 3. Janet Funk and her oldest brother, Paul. Paul, Dave, and Tom jumped up and followed him. They were halfway there when Robbie went under.

Persons: I'm, Paul, Sue, Tom, Carol, Ellen, Robbie, Dave, Janet Funk, Janet Funk Robbie, Robbie waded, — Organizations: Service, Business, Irish Catholic Locations: America, Lake Erie

☆ A retired boomer moved from Florida to Panama to start life anew after her husband and son died. Everything is cheaper, she said, and life has been much calmer.
▼ + stars: | 2024-07-01 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

In 2006, her son died in a construction accident, six months after her husband had a major stroke. They settled in Tarpon Springs, Florida, and Sussman got a job in the catering department for several hotels. AdvertisementHer husband decided he wanted to live his last years on the property where they would have their dream home, and they put a manufactured home on the property. "I didn't know who I was in this new role. I didn't know where to go from there."

Persons: Janet Sussman, Sussman, Panama Sussman, " Sussman, she's Organizations: Service, Business, pats, United, Panama City Locations: New York, Panama, Philadelphia, Tarpon Springs , Florida, Florida, Airbnbs, Panama City, United States, Clearwater , Florida, Panama —

☆ RBC Brewin Dolphin: Overweight in U.S. stocks and tech
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC Brewin Dolphin: Overweight in U.S. stocks and techJanet Mui, head of market analysis at RBC Brewin Dolphin, says investors will still prefer to hold mega-cap tech and other stocks with strong balance sheets as U.S. economic data starts to slow.

Persons: Janet Mui Organizations: RBC

☆ Here's where Trump and Biden stand on reining in soaring home prices and rents ahead of their first debate
▼ + stars: | 2024-06-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Former President Donald Trump has promised to attack President Joe Biden specifically on inflation. Even as the Federal Reserve has raised interest rates, demand and prices have stayed high, keeping housing inflation stubbornly elevated. Where Trump standsAs president, Trump didn't pursue as many policies directly intended to make housing more affordable. While in office, Trump's proposed budgets included significant cuts to agencies that provide federal housing subsidies, including the Department of Housing and Urban Development. Trump hasn't talked much about housing policy on the campaign trail, despite arguing that Biden hasn't done enough to control housing costs.

Persons: Donald Trump, Joe Biden, Trump, Biden, —, James Marshall, I'm, Kamala Harris, Janet Yellen, haven't, Trump's, suburbanites, Obama, Karoline Leavitt Organizations: Service, Business, Harvard, Federal Reserve, Tax, Union, Republicans, Biden, Department of Housing, Urban Development, Center, Budget, Trump, Homeless, NPR Locations: homeownership, Vegas, State, Nevada, Las Vegas

☆ U.S. ambassador accuses China of undermining bilateral ties, Wall Street Journal reports
▼ + stars: | 2024-06-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The U.S. ambassador to China Nicholas Burns attends the 10th World Peace Forum on July 4, 2022 in Beijing, China. The 10th World Peace Forum opened in Beijing on Sunday. The U.S. ambassador to China said Beijing is undermining ties between the two countries despite the agreement between the two sides to boost engagement, according to the Wall Street Journal. It comes as ties between the U.S. and China have somewhat warmed after Xi and Biden met in California on the sidelines of the APEC summit in November. Since then, Chinese officials have welcomed top American diplomats in Beijing, including Treasury Secretary Janet Yellen and Secretary of State Anthony Blinken.

Persons: China Nicholas Burns, Joe Biden, Xi Jinping, Nicholas Burns, Xi, Biden, Janet Yellen, State Anthony Blinken Organizations: Sunday, Wall Street, WSJ, U.S, APEC, State Locations: China, Beijing, U.S, California

☆ Biden Cabinet officials roll out new plans to cut costs of living ahead of Trump debate
▼ + stars: | 2024-06-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting at the White House on June 06, 2023 in Washington, DC. President Joe Biden's Cabinet will wrap up a barnstorming tour Thursday after two weeks on the road, touting the administration's economic accomplishments ahead of the Democratic incumbent's first debate against former President Donald Trump. In the 10 days leading up to Thursday's debate, the White House organized 29 public events, featuring more than a dozen top administration officials to promote Biden's economic agenda, a White House official said in a memo announcing the blitz. Not anymore," Neera Tanden, White House domestic policy advisor, said in the release. "Thanks to President Biden's economic plan, the American economy is strong and resilient, with robust economic growth in recent quarters," she said in a speech Monday.

Persons: Joe Biden, Janet Yellen, Gina Raimondo, Joe Biden's, Donald Trump, Lael Brainard, Pete Buttigieg, Neera Tanden, Yellen, Biden's Organizations: White House, Democratic, White, National Economic, Transportation, Seniors Locations: Washington , DC, Georgia , Nevada , Pennsylvania, Michigan, White, Minnesota, American

☆ Britain looks to upstage France with play for world's third major AI hub after U.S., China
▼ + stars: | 2024-06-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. London vs. FranceLondon is facing heated rivalry from France for the title of European AI leader. Can the UK keep its European AI crown? Seeking regulatory clarityAnother key source of uncertainty for tech leaders is the future of AI regulation in the U.K.

Persons: Mike Kemp, Alex Kendall, — Kendall, Wayve's, Brent Hoberman, Wayve, it's, Salesforce, Janet Coyle, Coyle, Arthur Mensch, Hanno Renner, that's, Europe's, CNBC's, Philip Belamant, Zilch, Matthew Holman, Cripps, Holman Organizations: Global, London Tech, Sage, Google, London, Partners, Viva Tech, Accel, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Tech, European Union Locations: London, United Kingdom, China, Olympia, SoftBank, San Francisco, Vancouver . U.S, France London, France, Brazil, Silicon, Europe, Paris, Berlin, Alpha Germany, Germany, Brexit, Britain

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