Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Millions"


25 mentions found


Standing on a dirt path with lush palms and other foliage behind him, Biden described the fight against climate change as a “defining” part of his presidency. And he pledged billions to help nations bolster resilience against climate change. President Joe Biden, in Marine One, takes part in an aerial tour of the Amazon during his visit to Manaus, Brazil, on November 17, 2024. Trump has already vowed to withdraw again from the Paris climate accord, which Biden entered back into when he took office four years ago. Trump and his team have pledged to ease restrictions on oil and gas exploration that Biden put in place.
Persons: Joe Biden, Donald Trump, Biden, Trump, , ” Biden, , Saul Loeb Organizations: Rio de Janeiro CNN, Amazon, Marine, Rio Negro Locations: Rio de Janeiro, America, Manaus, Brazil, Marine, Paris, South America
How different a commander in chief will Trump be?
  + stars: | 2024-11-17 | by ( Peter Bergen | ) edition.cnn.com   time to read: +27 min
On the face of it, there are sizable differences in foreign policy between Trump and President Joe Biden. In October, the Biden administration again helped to intercept a barrage of around 200 Iranian ballistic missiles, which also caused minimal damage to targets in Israel. Bringing US troops homeIn 2020, the Trump administration signed a US withdrawal agreement from Afghanistan with the Taliban. But after McMaster was pushed out of office in 2018, the Trump administration negotiated with the Taliban the withdrawal agreement of all US forces from Afghanistan. Nonetheless, the incoming Trump administration seems intent on resurrecting Schedule F, an executive order issued in the last months of the first Trump term.
Persons: sneezes, Trump, Donald Trump’s, Joe Biden, , Biden, Trump’s, shored, Donald Trump, Xi Jinping, Andrew Harnik, , Benjamin Netanyahu, Netanyahu, Ahmad Gharabli, Israel, Jared Kushner, Qasem Soleimani, Mike Huckabee, Israel — Huckabee, David Friedman, Reagan, JD Vance —, H.R, McMaster, Nikki Haley, Mike Pompeo, Haley, Pompeo, Elise Stefanik, Mike Waltz, Florida, George W, Bush, Pete Hegseth —, Lloyd Austin, Jim Mattis, Robert Gates, John Ratcliffe of, Tulsi Gabbard, Vladimir Putin, Basher al, Assad, Putin, Diego Fedele, Ukraine doesn’t, John Bolton, Mark Rutte, Tom Homan, Homan, ” Trump, CNN’s Priscilla Alvarez, “ It’s, Maura Healey, Stephen Miller, CBS’s, Camp David, It’s, Kim Jong Un Organizations: CNN, Trump, NATO, Ukraine, White, of, Biden, CIA, Liberation Army, Center for Strategic, International Studies, Obama, Getty, West Bank, Abraham Accords, Arkansas Gov, US Defense Intelligence Agency, ISIS, McMaster, UN, GOP, Republican, Special, House Armed Services Committee, Pentagon, Fox News, Senate, Republicans, US Civil, Policy, State Department, Department of Homeland Security, Policy Institute, Rep, House Intelligence, NATO Trump, US Congressional Research Service, Joint Assault Brigade, National Police, of Homeland, American Immigration Council, NBC News, US Bureau of Prisons, Massachusetts Gov, National Guard, Congress, Washington Post, H.R, North, America Locations: Paris, Russia, China, Beijing, South China, United Kingdom, Australia, Taiwan, Washington, United States, Gaza, Lebanon, Iran, Iranian, Syria, Israel, Yemen, Jerusalem, AFP, Iraq, Saudi Arabia, Afghanistan, Pakistan, John Ratcliffe of Texas, Hawaii, Ukraine, Dnipro, Soviet, Toretsk, Crimea, Japan, NATO, “ Russia, Baltic, Western Europe, , Korean, North Korean
Jared Leopold, a Democratic strategist and former top official at the Democratic Governors Association, noted that while the Democratic governors who ran for president in 2020 were less well known, potential 2028 contenders like Michigan Gov. Gretchen Whitmer, Pennsylvania Gov. “And I also think there’s not going to be as much to be done in the Senate with a deeper minority. Ditto for Shapiro, who has spent the days after the election focused on economic development efforts in his state. Others, like Connecticut’s Chris Murphy and Pennsylvania’s John Fetterman, look interested in shaping a new Democratic approach on myriad issues.
Persons: Kamala Harris ’, Donald Trump, , Joe Biden’s, Jared Leopold, Gretchen Whitmer, Josh Shapiro, Gavin Newsom, JB Pritzker, pushback, , Leopold, Jay Inslee’s, there’s, Trump, Caitlin Legacki, ” Legacki, Newsom, Pritzker, ” Trump, Gavin Newscum ”, ’ ” Newsom, Pritzker —, , ” —, Jared Polis, ” Pritzker, Ezra Levin, Shapiro, Whitmer, Harris ’, “ I’ve, Jocelyn Benson, ” Whitmer, winking —, Ditto, Harris, ‘ I’ve, I’ve, I’m, “ We’re, , Jon Ossoff, Raphael Warnock, Arizona’s Mark Kelly, Ossoff, Sen, Ruben Gallego, Chris Murphy, Pennsylvania’s John Fetterman, Murphy, MAGA, Joe Rogan’s, Fetterman, Wes Moore, Kentucky’s Andy Beshear, Cory Booker, Amy Klobuchar, Pete Buttigieg, Alexandria Ocasio, Ro Khanna, Khanna, he’s, Gen Z, Warnock, There’s, Mark Cuban, ” Leopold, workhorses, Democrats it’s, Al Davis ’, Robby Mook, Hillary Clinton’s, ” Mook Organizations: NBC News, Trump, Democratic, Democratic Governors Association, Michigan, Illinois Gov, Washington Gov, ” “ Governors, White, Capitol, Colorado Gov, Governors, Democracy, Hyatt, Democratic Party, Democratic National Convention, , Gridiron Club, NBC, New York, Democrats ’, Marine, Transportation, New Hampshire —, Pennsylvania Democrat, Cuban, Democrats, Oakland Raiders Locations: Pennsylvania, California, Trumpism, Illinois, Michigan, ” Michigan, Washington ,, Arizona, Sens, Cortez, New Hampshire, Washington, Cuban
WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.
Persons: Donald Trump’s, Trump, he’s, Joe Biden, , Alan Morrison, , ” Morrison, , ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, , Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada
I’m tripping over their bodies,” said Sydney Seiler, the U.S. national intelligence officer for North Korea from 2020 to 2023. “Kim Jong Un is selling North Korean soldiers as cannon fodder mercenaries,” South Korean Defense Minister Kim Yong-hyun said last month. It’s an entirely new environment for the North Korean soldiers, who live in one of the most isolated and repressive countries in the world. The Russian military is teaching the North Korean soldiers about 100 key military terms, but “North Koreans are having a difficult time learning Russian,” South Korean lawmakers Lee Sung-kwon and Park Sun-won said last month. North Korean soldiers’ inexperience could be another point of friction and a major factor in how they are deployed.
Persons: Kim Jong Un, Vladimir Putin, Putin, , Sydney Seiler, Seiler, Gavriil, Joe Biden, Yoon Suk Yeol, Shigeru Ishiba, Kim, “ Kim Jong, Kim Yong, hyun, John Hardie, Lee Sung, Bruce Bennett, ” Hardie, Bennett, ” Bennett, Edward Howell, , ” Howell, Stella Kim Organizations: Ukraine, North, NBC News, U.S, The State Department, Korea’s National Intelligence Service, NBC, Center for Strategic, International Studies, Getty Images, Economic Cooperation, South Korean Defense, Pentagon, Politico, South Korea’s National Intelligence Service, North Korean, South Korean National Intelligence Service, AFP, Getty, Korean, Battalion, Russian Ministry of Defense, Foundation for Defense of Democracies, South, Sun, Rand Corp . Communication, Chatham House Locations: SEOUL, South Korea, Ukraine, Moscow, Russia, U.S, North Korea, Russian, Kursk, Korean, Korea, Washington, Pyongyang, Getty Images North Korea, South, Asia, Lima , Peru, The U.S, California, Ukrainian, London, Seoul, Hong Kong
Ukraine can defeat Russia if it and its Western backers learn from America's failure in the Vietnam War, a Ukrainian security expert argues. Danylyuk attributes America's failure in Vietnam to a "protracted multi-dimensional strategy by the Soviet Union, on whose help it was completely dependent." Crucial ways to defeat Russia's invasion can be found in the Soviet Union's multi-pronged strategy in Vietnam, analyst Oleksandr Danylyuk says. AP Photo/John T. WheelerThe first prong of this strategy would be to "stabilize the frontline and to render any successful offensive actions by Russian troops impossible." "The only explanation for the lack of a mass anti-war movement and large-scale protests is the absence of an organized and popular opposition in Russia," Danylyuk said.
Persons: Ukraine's, Oleksandr Danylyuk, Danylyuk, Johnson, Nixon, John T, Wheeler, Vladimir Putin's, Michael Peck Organizations: Ukraine, Royal United Services Institute, Ukrainian, Soviet, Communist bloc, AP, Gripen, Meteor, MiG, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Soviet, Vietnam, Ukraine, Russia, Ukrainian, British, China, Soviet Union, Hanoi, Saigon, South Vietnam, Vietnam's, Viet, Moscow, Saudi Arabia, Russian, Kabul, Forbes
We had no income tax, and all we had was tariffs.”That’s why some Wall Street titans are trying to push for Bessent. Kyle Bass, a billionaire hedge fund investor at Hayman Capital Management, said Lutnick doesn’t have the composition to lead the Treasury. “Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury,” Bass posted on X Wednesday. A full week after appearing to decide on nominating Bessent, Trump interviewed him again at Mar-a-Lago. A key Cabinet player, the Treasury secretary advises the president on economic and fiscal matters, including spending and taxes.
Persons: Donald Trump, Elon Musk, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent, ” Musk, , Bessent, , Kyle Bass, Lutnick doesn’t, “ Scott Bessent, ” Bass, “ Scott, I’ve, Bass, Dan Loeb, Scott Lincicome, Lutnick, , Cheney, Lutnick —, Dick Cheney’s, George W, Tennessee Sen, Bill Hagerty, Larry Kudlow, Kudlow, Steven Mnuchin, Mnuchin Organizations: CNN, Trump, , Wall, Fox News, titans, Hayman Capital Management, Treasury, U.S . Treasury, Cato Institute, Federal Reserve, Peterson Institute for International Economics, National Economic Council, America, Policy Institute, Fox Business, Bessent, Mar, Republicans, Treasury Department Locations: America, United States
Russia's wartime economy could be in it for the long-haul — or at least longer than expected. A team of economists is unconvinced that Russia will tumble into economic collapse any time soon, as suggested by some analysts. The paper counters notions that a Russian crisis will come as soon as next year, an argument made by economists such as Yuriy Gorodnichenko. Don't underestimate domestic demandAccording to the report, Russia's domestic market has been an underrated factor behind the country's perseverance. Sustainable war spendingSome have forecast an immediate recession if Russia's war in Ukraine ever ends, arguing that the Kremlin's massive war budget is responsible for the economy's continued survival.
Persons: Yuriy Gorodnichenko, shouldn't Organizations: Center, UC Berkley, CASE, Kremlin, Moscow Locations: Russia, Europe, Russian, Moscow, Ukraine
Plans also include bringing back family detention, which has been widely criticized by immigrant advocates and a practice that President Joe Biden ended. Greg Abbott on the border, according to two of the sources. The people shaping operational plans are well versed on the immigration system, particularly Homan, who was also the architect of family separation. He also held a senior role at Immigration and Customs Enforcement during the record level of deportations under the Obama administration. The immediate focus is about who’s already here,” according to a source familiar with the plans.
Persons: Biden, Donald Trump, he’s, Trump, Trump’s, Joe Biden, , ” Trump, Vance, Karoline Leavitt, Damon Hininger, ” Hininger, Tom Homan, Stephen Miller, Kristi Noem, Miller, Rodney Scott, Michael Banks, Greg Abbott, Homan, He’s, Obama, , Kathleen Bush, Joseph, Barack Obama’s Organizations: Washington CNN, Trump, Homeland Security, CNN, ICE, South Dakota Gov, Department of Homeland Security, Biden, US Border Patrol, Texas Gov, Immigration, Migration Policy Locations: United States, Mexico, ,
AdvertisementPrediction markets made a splash during 2024 Presidential election. Billions of dollars were bet on the presidential election outcome via prediction market platforms like Kalshi and Polymarket this year. Here are some political bets to watch on Kalshi and Polymarket now that the presidential election is over. Johnnie Izquierdo/Getty ImagesCurrent odds: Yes (32¢), No (69¢)Betting volume: $285,843Trump ends Gaza war by first 100 days? Mostafa Bassim/Anadolu via Getty ImagesCurrent odds: Yes (47¢), No (54¢)Betting volume: $267,997
Persons: Kalshi, Mike Tyson, Jake Paul, Donald Trump's, Gavin Newsom, Josh Shapiro, Gretchen Whitmer, Pete Buttigieg, Andy Beshear, JD Vance, Anna Moneymaker, Vivek Ramaswamy, Ron DeSantis, Donald Trump Jr, Marco Rubio, Donald Trump, Robert F, Kennedy, Kevin Dietsch, Elon Musk, Steve Bannon, Jared Kushner, Ben Carson, Ken Paxton, Betsy DeVos, Ivanka Trump, Oleg Petrasiuk, Matt Gaetz, Trump, Tom Williams, DOUG MILLS, Karoline Leavitt, Scott Jennings, Tucker Carlson, Alina Habba, Kari Lake, Peter Doocy, Johnnie Izquierdo, Mostafa Bassim Organizations: Democratic, Republican, Libertarian National Convention, RFK Jr, Trump, 24th Mechanised Brigade, AP, United, Trump's, Getty, George Washington University in, George Washington University in Washington DC Locations: Trump's, Ukraine, Florida, Gaza, George Washington University in Washington, Anadolu
But major cracks appeared in January, when Rodrigo Duterte called Marcos a “drug addict” and threatened that the president could be removed from power. Months later, Vice President Duterte-Carpio resigned as education secretary, a departure seen by analysts as a sign that the relationship between the country’s top leaders was beyond repair. “And when they get there, I will be the president of hell.”Marcos insisted he thought he and the vice president were friends. Philippine President Ferdinand Marcos Jr. and Vice President Sara Duterte attend an education-related event in Manila on January 25, 2024. Despite all the controversies and alleged links to extrajudicial killings and suspected criminals, Duterte has told Davao voters that a vote for him is a vote for order.
Persons: Rodrigo Duterte, Donald Trump’s, Sara Duterte, Carpio, Ferdinand Marcos Jr, , Ferdinand Marcos, Marcos, Rodrigo Duterte’s, Richard Heydarian, , Duterte, , ” Duterte, Duterte's, Jes Aznar, Sebastian Duterte, Paolo Duterte –, Heydarian, “ It’s, ” Heydarian, Ezra Acayan, Ferdinand Marcos Sr, ” Marcos, Sandro Marcos, behead, Ranjit Singh Rye, ” Rye, Cleve Arguelles, Numero, Sebastian, Rodrigo’s, Paolo, ” Arguelles, reigniting, Prospero Nograles, Margarita, Karlo Nograles, Arguelles, Pastor Apollo Carreon, God ”, of Jesus Christ Organizations: CNN, Trump, Asian Center of, University of the, International Criminal Court, ICC, Department of Education, Lawmakers, Getty, Davao, Association of Southeast Asian Nations, Kyodo, Marcos, FBI Locations: Philippine, Davao City, Mindanao, Philippines, United States, China, University of the Philippines, Davao, Manila, , Duterte, West Philippine, Washington, Beijing, Rye, Karlo, of
Here are seven ways a Trump administration could affect your personal finances. During Trump’s first term, the 2017 Tax Cuts and Jobs Act temporarily expanded the child tax credit from $1,000 to $2,000. “He will deliver.”TaxesThe Trump administration is expected to focus on extending tax cuts introduced by the Tax Cuts and Jobs Act that are set to expire in 2025. The Trump administration wants to “promote choice and competition” and make health care more affordable, according to his policy platform. The Trump administration will likely cut red tape to encourage business and real estate developments.
Persons: Donald Trump, he’d, Trump, JD Vance, Maria Castillo Dominguez, , Karoline Leavitt, Vance, , ” Leavitt, Alan Auerbach, Social Security Trump, Biden, Berkeley’s Auerbach, Joe Biden’s, ” Auerbach, “ They’re, , Trump’s, Auerbach, Sarah Lueck, ” Trump Organizations: CNN, Social Security, Jobs, Valoria Wealth Management, Trump, Urban, Brookings Tax, Tax, UC Berkeley, Center, enrollees, Republicans, Public, Consumer, National Retail Federation, Health, Republican, Center for Budget, Medicare, it’s, Housing
Trump made a lot of tax promises. Can he keep them?
  + stars: | 2024-11-16 | by ( Tami Luhby | ) edition.cnn.com   time to read: +7 min
Although Trump claims that his plan to raise tariffs will replace the revenue lost to these tax breaks, experts say that’s not possible. President-elect Donald Trump's tax proposals could cost trillions of dollars. In addition to eliminating taxes on certain income, Trump also floated making interest paid on car loans fully tax deductible; getting rid of the controversial cap on state and local tax deductions; ending the double taxation on Americans who live abroad; exempting police officers, firefighters, veterans and active-duty military from federal income tax; and even exploring jettisoning the federal income tax itself. Though his campaign didn’t release details on the proposal, Trump indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Virtually all tipped workers would get some tax relief if Trump also gets rid of payroll taxes on tips, the Tax Policy Center found.
Persons: Donald Trump, ” Karoline Leavitt, Trump, Marc Gerson, Miller, , Gerson, Donald Trump's, Jabin, Idaho Sen, Mike Crapo, Mandi Critchfield, Spokespeople, Jason Smith, Chris Campbell, ” Campbell, Republican Sen, Ted Cruz of, Byron Donalds, “ Sen, Brendan Duke Organizations: CNN, Social Security, Trump, GOP, , Fox News, Capitol, Washington D.C, Republicans, Washington Post, Getty, Senate, Missouri Rep, Republican, Incamera Solutions, Yale University, Center, Rep, Center for American Progress Locations: Washington, Idaho, Nevada, Ted Cruz of Texas, Florida
Popular YouTube personality and "Chicken Shop Date" host Amelia Dimoldenberg invited Elmo for a playdate to talk dating, astrology, five-year plans and more. Dimoldenberg wanted to know why Elmo thought she was still single. You’re kind, you’re funny, you’re smart, you’re beautiful, you know? Elmo asked Dimoldenberg. "Yeah, Rocco’s just right in front of you, Elmo," Dimoldenberg said, pointing to the rock, who had just appeared on the table before them.
Persons: Elmo, Amelia Dimoldenberg, he's, Dimoldenberg, Andrew Garfield, We’ve, Rocco, Elmo sighed Organizations: YouTube
Latino voters overall were more than a quarter of Arizona’s electorate — Gallego won them by 22 points while Harris carried them by 10 points. As for Latino men, Trump won them by 12 points nationally, marking a stunning 35-point swing from 2020 that powered him to victory in key states, according to NBC News' exit polls. But Gallego held his ground with Latino men, winning them by 30 points, exit polls showed. Men — Latino men — were feeling very insecure about their positions in the family because they wanted to make sure that they’re providers and providing security and economic security. He outperformed Harris among voters who cited the economy as their top concern, exit polls showed, and covered off the vulnerability that sank many Democrats, including Harris.
Persons: Ruben Gallego, Donald Trump, Kamala Harris, — Gallego, Harris, Trump, Gallego, , ” Gallego, Ariz, Mario Tama, , it’s, Republican Kari Lake, president’s MAGA, Biden, , ” Trump, Lake hasn’t, isn’t, Kari Lake Organizations: WASHINGTON, Democratic, outperforming, NBC News, , Republican, Congressional Progressive Caucus, Trump, NBC, Democrat Locations: Arizona, Arizona’s, Guadalupe
U.S. consumers collectively owe an eye-popping $1.17 trillion in credit card debt — a record — according to estimates the Federal Reserve Bank of New York released this week. But while there are still major financial risks for carrying hefty balances, the researchers said the data suggests that “rising debt burdens remain manageable” for the typical consumer. Prices are still going up, but they’re not going up as fast, and incomes are once again going up at a faster rate than expenses. Earnings growth has averaged 6.2% per year since the pandemic began, compared to the cumulative debt balance rising 4% per year. “Especially for higher-risk borrowers, credit card and auto loan delinquencies are the highest in a dozen years, and that’s with unemployment at 4%.
Persons: , Donald Trump, they’re, Greg McBride What’s, TransUnion, That’s, , Greg McBride, , McBride Organizations: ’ paychecks, Federal Reserve Bank of New York, New York Fed, Commerce Department, Bureau of Labor Statistics, Bankrate Locations: ’ paychecks . U.S
Extraordinary circumstances have degraded 40% of global land iStockCertain places around the world are already experiencing this at an accelerated rate. And that’s just one state; at present rates, land degradation threatens half of the global GDP. The Economics of Land Degradation also estimated that each dollar invested into land restoration will return up to $30 in value. The threat of land degradation is a shared burden. And a decade after the Changwon Initiative was launched, it has successfully defined Land Degradation Neutrality, enabling 129 countries to align with its principles and work towards zero land degradation.
Persons: COP16 Organizations: United Nations Convention, UN, Changwon Initiative Locations: COP16, Riyadh, Saudi Arabia, Egypt, California, United States, Saharan Africa, Canada, Spain, United Kingdom, Sahel, Africa
South African police were in a standoff Friday with hundreds of illegal miners believed to be underground in a disused shaft, after a cabinet minister said the government was trying to “smoke them out.”Police have been trying for weeks to empty the abandoned gold mine in the North West province as part of a crackdown on illegal mining, which has plagued South Africa for decades through small-time pilfering and organized criminal networks.More than 1,000 illegal miners resurfaced after police cut off their food and water supplies, but a police spokesperson said hundreds more could still be underground. South African police officers escort community members to a mine shaft to negotiate with artisanal miners in Stilfontein on Wednesday. Emmanuel Croset / AFP via Getty ImagesA decomposed body was brought up on Thursday, with pathologists on the scene, spokesperson Athlenda Mathe said. On Wednesday, asked whether the government would send help to the zama-zamas — a local term for illegal miners from the Zulu expression for “taking a chance” — Minister in the Presidency Khumbudzo Ntshavheni said: “We are not sending help to criminals. Illegal gold mining costs South Africa’s government and industry hundreds of millions of dollars annually in lost sales, taxes and royalties, according to an estimate by a mining industry body.
Persons: Emmanuel Croset, Athlenda Mathe, Khumbudzo Ntshavheni Organizations: ” Police, Getty, ” Senior Locations: North West, South Africa, Stilfontein, AFP
Elon Musk's Trump bump keeps growing
  + stars: | 2024-11-15 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +1 min
AdvertisementElon Musk's businesses are thriving from his relationship with Trump, boosting his net worth. Musk's AI startup xAI is raising $5 billion, while SpaceX plans a share tender offer, the FT reported. Elon Musk's businesses are booming and that appears to be at least in part the result of his deepening relationship to the now president-elect, Donald Trump. Musk's AI startup xAI is now raising $5 billion in funding, the Financial Times reported. Trump's granddaughter, Kai Trump, said Musk was "achieving uncle status" in an X post on Sunday.
Persons: Trump, Donald Trump, xAI, Musk, Kamala Harris, Vivek Ramaswamy, Ramaswamy, Kai Trump Organizations: Elon, SpaceX, Financial Times, Trump, of Government Locations: Tesla
Courtesy of Dr. Geetha Murali. Courtesy of Dr. Geetha Murali. "The human being, if given the basics... you are capable of so much more than you really think you are. Dr. Geetha Murali in Vietnam. Courtesy of Dr. Geetha Murali.
Persons: Geetha Murali, ” Murali, CNBC's, Read, Murali, , Murali's, ​ ​, wasn't, Michelle Obama, she's Organizations: UNESCO, CNBC, Indian Army, University of California, South Asian Studies, UC Berkeley Locations: New York, East, India, U.S, biostatistics, Berkeley, Vietnam
Temu was the most downloaded app by Gen Z in the US in the first 10 months of 2024. AdvertisementAmerica's Gen Z is really here for Temu. The Chinese online marketplace was the most downloaded app by Gen Zers in the first 10 months of the year. "Gen Z values a highly curated shopping experience that delivers both variety and convenience at accessible price points," Whaley said. Gloria Gan, a lifestyle analyst at the UK-based market research firm Mintel, said Temu is making inroads with Gen Z because of the generation's "tech-savviness and frequent online shopping habits."
Persons: Temu, Gen Z, , Gen Zers, Zers, TikTok, Jim Whaley, Whaley, Gloria Gan, Gen, Gan Organizations: Service, PDD Holdings, Daxue Consulting, Business, Amazon Locations: China, York
Peter Thiel attributed recent Trump support in Silicon Valley, in part, to Elon Musk's efforts. Thiel told journalist Bari Weiss that Musk provided "cover" for other tech leaders to support Trump. AdvertisementBillionaire Peter Thiel credited Elon Musk, in part, with helping other tech leaders feel comfortable publicly supporting President-elect Donald Trump. Weiss asked Thiel if the Tesla CEO was "the critical ingredient" that allowed other business leaders to feel safe endorsing the divisive president. Thiel characterized the feeling inside Silicon Valley as one of growing frustration toward "corporate governance" and "how ridiculous it's gotten to manage these ideologically deranged millennial employees."
Persons: Peter Thiel, Trump, Elon, Thiel, Bari Weiss, Musk, , Elon Musk, Donald Trump, Marc Andreessen, David Sacks, Shaun Maguire, Reid Hoffman, Ron Conway, Mark Cuban, Kamala Harris, Weiss, Tesla, Vivek Ramaswamy, It's Organizations: Service, PayPal, Trump, Department of Government, SpaceX Locations: Silicon Valley, Silicon, November's, California, Texas
Trump's plan to transform federal land into housing will be costly, given minimal existing infrastructure, UBS says. Those policies, plus a set of potentially inflationary proposals, could drive up both home prices and mortgage rates, they say. Trump's plan to transform federal land into more housing seems particularly challenged, the analysts say. The higher rates will likely continue the housing lock-in effect, where existing homeowners prefer to remain locked in at their current lower rates. In prepared remarks on Thursday, Fed Chair Jerome Powell said the US is in no hurry to cut rates, signaling that mortgage rates could stay higher for longer.
Persons: , Donald Trump's, homeownership, Trump, JD Vance, Vance, homebuyers, Jerome Powell Organizations: UBS, Service, Builders
Details on the proposal are scant and some Democrats have called the overtime tax promise "as fake as his tan." "As part of our additional tax cuts, we will end all taxes on overtime," he said at a rally in Tucson, Arizona. Among these, 82.1 million were hourly workers and 15.6 million were salaried workers, the report said. Meanwhile, about 7% of hourly workers and 70% of salaried workers do not qualify for FLSA, the report said. For example, would it be designed as just an income tax or would it be a payroll tax exemption as well?
Persons: Donald Trump, Trump, Karoline Leavitt, Vance, There's, Russ Fulcher, Joseph Rosenberg, FLSA, John Ricco, Alex Muresianu, Muresianu, Rosenberg Organizations: Cobb Energy Performing Arts Centre, Republican, President, Trump, Fair Labor, Brookings Tax, Department of Labor, FLSA, Yale, Lab, Tax Foundation, Social Security Locations: Atlanta , Georgia, U.S, Tucson , Arizona, Idaho, Alabama, Wisconsin, DOL
CNN —President Joe Biden’s climate law is on the chopping block as Republicans prepare to have full control in Washington. But it’s not just Democrats gearing up to protect the Inflation Reduction Act’s clean energy policies. In other words, if Republicans successfully repeal Biden’s climate and clean energy law, their districts stand to lose the most. Conservative groups and companies who are using the clean energy tax credits are already starting to lobby lawmakers to save them. “To demonstrate that these tax credits are really a net profit for the economy, that really is the name of the game.”
Persons: Joe Biden’s, it’s, Donald Trump, Buddy Carter, Trevor Houser, Trump gunning, ” Houser, Carter, Mike Johnson, Johnson, , , Richard Hudson —, , Adrian Deveny, they’ll, Heather Reams Organizations: CNN, Republican, ” Republican, Republicans, Massachusetts Institute of Technology, Congressional Republicans, Trump, Hyundai EV, Hyundai, North Carolina Rep, Toyota, MIT, Climate Vision, Conservative, Citizens, Responsible Energy Solutions Locations: Washington, Georgia, Carter’s Georgia
Total: 25