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UNRWA provides far more than humanitarian aid in the Gaza Strip. Many Palestinians see darker motives, viewing the UNRWA ban as Israel's latest attempt to make their lives unlivable, first imprisoning and bombing them, now taking away their main aid lifeline. Palestinians wait to receive medicines at the UNRWA health center in Khan Younis last month. Despite its endorsements, the United States is yet to resume funding to UNRWA after Israel's Oct. 7 allegations. The Israeli Foreign Ministry has said it will use other agencies, such as the World Food Programme and the World Health Organization, to distribute aid.
Persons: , Scott Paul, Ariel Schalit, ” Mustafa Barghouti, Ahmad Gharabli, Khan Younis, Bashar Taleb, , Matthew Miller, , David Lammy, Hazem Bader, Oren Marmorstein, António Guterres, Philippe Lazzarini Organizations: United Nations, UNRWA —, Hamas, UNRWA, Oxfam America, Palestinian National Initiative, NBC, United Nations Refugee Agency, UNHCR, West Bank, Getty, , British, West, Foreign Ministry, NBC News, Israeli Foreign Ministry, Food, World Health Organization, General Locations: Gaza, Gaza City, Israel, Jordan, Syria, Lebanon, Jerusalem, AFP, Ireland, Norway, Slovenia, Spain, United States, U.S, North Korea, West Bank, Hebron, Israel's
NBC News spoke with a dozen trans people and their families across nine states about their hopes and concerns leading into Election Day. The agenda on his website says he would declare that any clinician who provides transgender care to minors would be terminated from Medicare and Medicaid. Advocates have hailed the Biden-Harris administration as the most pro-LGBTQ in history and have said a potential Harris administration would go even further in protecting gay and trans people. “I look at people that were trans in Trump’s first administration, I said, ‘So, did anything bad happen? She said she ultimately isn’t worried about a second Trump administration.
Persons: Donald Trump, Kamala Harris ’, Harris, Trump, they’ll, Gina Roberts, Roberts, Richard Grenell, ” Gina roberts, wasn’t, ” Roberts, , I’ve, Biden, Ron DeSantis, Emaline, they're, she’s, , Katie Jenifer, Maddie, Jenifer, ” Jenifer, , TC, Christina Nicholson TC Caldwell, ” Caldwell Organizations: Republican, Republican National Convention, NBC, Democratic, Trump, Biden, Rights, Corrections Department, NBC News, The Washington Post, Kaiser Family Foundation, Valley Center Parks, Recreation, Fire Protection, Democrats, Republican Gov, Cloverdale, U.S, White, Pride, TC Caldwell, Orchids Society, The Locations: U.S, Francisco’s, California, New Mexico, Orlando , Florida, Missoula , Montana, Cloverdale, TransVisible Montana, Israel, Gaza, Montana, Austin , Texas, Texas, New Zealand, North Carolina, Germany, Spain, Amsterdam, Malta, Europe, Selma , Alabama, Black
Eric Schmidt says drones are the future of warfare, calling the use of tanks "useless." AdvertisementEx-Google CEO Eric Schmidt said future wars will be fought by AI-powered drones, and urged the US military to do away with what he called "useless" tanks. In fact, buy 10, buy 20, buy 50, buy 100." Related Video Russian vs. Western-made tanks in the Ukraine warFor almost a decade, Schmidt has advised the US government and military on technology. AdvertisementAsked about the Russia-Ukraine conflict, Schmidt said he had been surprised by innovations in drone technology.
Persons: Eric Schmidt, Schmidt, , He's, Sebastian Thrun, Forbes Organizations: Service, Future Investment Initiative, Department of Defense's Innovation, US National Security, Artificial Intelligence, Stanford University, Troops Locations: Ukraine, Saudi Arabia, Russia, Russian
CNN has reached out to Terada for comment on the R-FBI’s role in Russian disinformation efforts, and ties to the state. Storm-1516 and R-FBI network members have spread at least 54 different disinformation narratives online since August 2023, according to Clemson and CNN’s analysis. “Does anyone believe that an American would be the spearhead of what some call the biggest Russian Disinformation operation since the cold war? TelegramAnother prominent figure in propagating Russian disinformation is American Tara Reade, a former Senate staffer who in 2020 accused then-presidential candidate Joe Biden of sexual harassment. The links between Terada’s group and other Russian disinformation efforts are at best opaque, which is likely no accident.
Persons: , Yevgeny Prigozhin, Wagner, Mira Terada, Kamala Harris, Tim Walz, Harris, Walz, Morgan Finkelstein, “ Vladimir Putin, Donald Trump, Trump, , Win McNamee, ” Darren Linvill, Patrick Warren, , Biden, Warren, Kamala, Influencers, John Mark Dougan, Dougan, he’s, Andrew Harnik, MAGA, IMbaMm8YVF, Darren Linvill, Linvill, ” Clemson, Maxim Shugaley, Terada, Vladimir Putin’s “, ” Prigozhin, Konstantin Pridybaylo, Ruslan Ostashko, Colin Gerard, Gerard, Alexander Dugin, picturing, Tara Reade, Joe Biden, Reade, ” Chay Bowes, Simeon Boikov, podcaster, Bowes, ” Warren, Sean Lyngaas, influencers Organizations: CNN, Clemson University’s, Russian Foundation, FBI, Storm, Democratic, Minnesota Gov, Clemson, Getty, NBC, Wired, Prigozhin’s, Internet Research Agency, Miami Chronicle, Boston Times, DC, IRA, Russian, Gov, National Intelligence, US State Department, Minnesota, Apple, Trump, Infrastructure Security Agency, , Federal Bureau, Investigation, Kremlin, Wagner Group, US Justice Department, ANO Dialog, BRICS Journalists Association, Washington Post, Center, Forensics Locations: Russian, Ukraine, West, San Francisco, Zambia, Savannah , Georgia, , , American, Zambian, St . Petersburg, Florida, Moscow, Russia, Kazakhstan, Minnesota, Philadelphia , Pennsylvania, Bucks County , Pennsylvania, Bucks County ,, French, Irish, Sydney, European
A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape strife with what he views as irreconcilable differences between both Democratic and Republican parties. "Both of the candidates worry me," Dalio told CNBC. I think there needs to be a bringing of Americans together, that middle of that, and making great reforms. … There needs to be a strong leader of the middle, I believe, that makes great reforms. Dalio noted that Republican presidential candidate Donald Trump is "a lot more capitalist" than Democratic candidate Kamala Harris, and therefore better for domestic capital markets.
Persons: Ray Dalio, Dalio, Donald Trump, Kamala Harris Organizations: Democratic, Republican, Future Investment Initiative, Bridgewater Associates, CNBC Locations: America, Saudi Arabia
Saudi Arabia's Public Investment Fund on Wednesday signed a memorandum of understanding with Brookfield Asset Management, under which the wealth fund will serve as a strategic anchor investor for the asset manager's newly announced private equity vehicle for the region, Brookfield Middle East Partners. Signed at the eighth edition of Future Investment Initiative, Saudi Arabia's flagship annual economic conference in Riyadh, the non-binding agreement marks the kingdom's latest push for financial partnerships that boost private equity investment and economic development within its borders. The move is in line with Saudi Arabia's recently-updated Investment Law, which seeks to attract more foreign direct investment — it's set itself a lofty target of $100 billion in annual FDI by 2030. Currently, that figure has averaged around $12 billion per year since Vision 2030 was announced in 2017, according to data from the kingdom's investment ministry — still a long way from that goal. The PIF, the kingdom's $925 billion sovereign wealth fund, has deployed billions in capital around the world as it aims to diversify Saudi Arabia's revenue streams away from oil, materializing the central goal of Crown Prince Mohammed bin Salman's Vision 2030 campaign.
Persons: , Prince Mohammed bin Salman's, Yasir al Rumayyan, Bruce Flatt Organizations: Saudi, Public Investment Fund, Wednesday, Brookfield Asset Management, Brookfield Middle East Partners, Future Investment Initiative, Saudi Arabia's, Brookfield, Brookfield Academy Locations: Riyadh, Saudi Arabia, Saudi
Standard Chartered on Wednesday upgraded its 2024 income guidance as it posted profits in the third quarter that beat expectations, driven by record performance in its wealth management business. After its second quarter earnings report, Standard Chartered in July announced its largest-ever share buyback of $1.5 billion. Standard Chartered said its operating expenses rose 3% to $2.9 billion caused by inflation and business expansion efforts, although efficiency savings did offset some costs. The London-headquartered bank also lifted its 2024 income guidance on Wednesday with operating income to increase towards 10% in 2024. In July, the bank had upgraded the operating income projection to more than 7%, from 5% to 7%.
Persons: LSEG, Bill Winters, that's Organizations: Chartered, HSBC Locations: Asia, London
CFRA trimmed its Amazon price target to $219 a share on October 21, indicating 13% upside ahead. The firm has a "buy" rating on the stock and a $210 price target, which implies an 8.3% gain from current levels. The firm said investors have toned down margin expectations due to Amazon's spending in new investment areas, such as Project Kuiper. AdvertisementWedbush reiterated its "outperform" rating and $225 price target, implying a 16% gain from current levels. Morgan Stanley has a $210 price target for the stock, representing upside of about 8% from Wednesday's share price.
Persons: , Arun Sundaram, Sundaram, Justin Post, BofA, Scott Devitt, Wedbush, Morgan Stanley, Bullish, Brian Nowak Organizations: Service, CFRA, Bank of America, Amazon Web Services, 3Q, JPMorgan, Wedbush Securities
Chipotle says it's tried to ensure "consistent and generous portions" after customer complaints. The move and unusual price fluctuations for avocados have hit the chain's profitability. Profit margins for the chain suffered last quarter due to a concerted effort to provide "consistent and generous portions" in every order, the company said Tuesday. "We are committed to ensuring that we give the right portion to every guest that walks into the building." Related storiesWhile that's good news for Chipotle diners, the chain said it was partly the reason for a hit to profitability in the last fiscal quarter.
Persons: Chipotle, it's, , Scott Boatwright, Adam Rymer Organizations: Service, New York Locations: Chipotle, New York City
London CNN —At Frieze London this year, three large artworks by the artist Nengi Omuku were hung away from the walls so viewers could walk around them. The other presented strips of sanyan, a thick traditional Nigerian fabric that Omuku uses to replace the usual canvas fabric painters often use as their base. “The fact I’m painting on a vintage surface gives soul to my work,” Omuku said over Zoom two days before the fair opens. Omuku's work is painted directly onto strips of sanyan, a thick traditional Nigerian fabric. “I’d never seen a pre-colonial Nigerian textile before, and it looked quite similar to linen.”The artist has exhibited in Paris, New York, Bangkok and London.
Persons: CNN Style’s, Alayo, Nengi Omuku, ” Omuku, it’s, Yinka Shonibare, Omuku, Todd White, Loewe, Kristin Hjellegjerde, Keir Starmer, sanyan, , , “ I’d, Rees, I’ve, there’s, “ I’m Organizations: CNN, London CNN, London, , Frieze’s, Slade School of Fine Art, Baltimore Museum of Art, Institute of Contemporary Art, ICA Miami, British, Downing, Co, Slade Locations: London, Nigeria, Lagos, Paris, Bangkok, New York, Miami, Paris , New York, Dakar, Senegal, Nigerian
Now the Kingdom plans to cut its foreign investment to prioritize domestic spending. AI is the new focus of investment as Saudi Arabia looks to position itself as a global technology hub. AdvertisementSaudi Arabia is pulling back on its global spending spree to focus on domestic investments. In September, Saudi Arabia held the third Global AI Summit, attracting a host of high-profile leaders and dealmakers. The new focus on domestic investment comes as Saudi Arabia's spending on Neom, its futuristic megacity in the desert, hit $1 trillion.
Persons: , Yasir Al Rumayyan, we've, Al Rumayyan, Yasir Al, Rumayyan, Hamad I Mohammed, Uber, Andreessen Horowitz Organizations: Service, Public Investment Fund, Future Investment, Economic, REUTERS, Investors, Saudi Press Agency, Financial Times, Saudi, AI, Bloomberg, Sindalah Locations: Saudi, Saudi Arabia, Riyadh, Davos, Switzerland, Neom
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Saudi Arabia’s minister of financeMohammed Al-Jadaan, Saudi Arabia’s minister of finance, speaks to CNBC’s Dan Murphy at the Future Investment Initiative in Riyadh about the global and domestic economic outlook.
Persons: Mohammed Al, CNBC’s Dan Murphy Organizations: Saudi, Future Investment Locations: Riyadh
Voters across the country are set to decide on nearly 150 ballot measures next week that will shape the future of a wide variety of policy issues in their states. (In addition, Louisiana will let voters decide on four constitutional amendments on its Dec. 7 ballot.) “Everyone knows this is a big issue this year — it’s the most we’ve ever seen for reproductive freedom ballot measures in history,” Fields Figueredo said. Voting and electionsThere are 39 ballot measures on the November ballot related to democracy, elections and voting procedures, according to the Ballot Initiative Strategy Center. And voting rights groups have argued it is designed to galvanize conservative turnout and counter enthusiasm for the state’s abortion rights proposal.
Persons: , Chris Melody Fields Figueredo, Figueredo Organizations: Strategy Center, Republican, noncitizens, Republicans Locations: Louisiana, Arizona, Nevada, Montana, Florida, In Arizona , Florida , Missouri, South Dakota, Maryland , Montana , Nevada, New York, Colorado, Nebraska, — Idaho , Iowa , Kentucky , Missouri, North Carolina , Oklahoma, South Carolina, Wisconsin, North Dakota, Florida , Nebraska, In Nebraska, Immigration Arizona, California, Alaska, Missouri, Washington
Google's new CFO, Anat Ashkenazi, signaled the company can do more to save money and move faster. She said leaders had done good work cutting costs, and they could "push a little further." Google is ramping up its spending on AI, and Wall Street analysts want more details. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ashkenazi name-checked Google CEO Sundar Pichai and former CFO Ruth Porat for doing "really good work" in starting to rework Google's cost base.
Persons: Anat Ashkenazi, , Sundar Pichai, Ruth Porat, Ashkenazi, Mark Mahaney, Pichai, Sundar Organizations: Google, Wall Street, Service, BNP
Blackstone CEO Steve Schwarzman said he thinks Trump would make a better president the second time around. He's uncertain about the election result, though Citadel's Ken Griffin said he expects Trump to win. AdvertisementSteve Schwarzman said he thinks Donald Trump would be more "efficient and effective" if he wins next week's election. Citadel founder and CEO Ken Griffin, who was also on the panel, was more assured of the election's outcome. Citadel founder Ken Griffin expects Donald Trump to win the 2024 election.
Persons: Steve Schwarzman, Trump, Ken Griffin, , Donald Trump, Schwarzman, Mike Blake, Griffin, Alan Murray Organizations: Saudi Arabia's Future Investment, Service, Blackstone, Future Investment Initiative, Saudi, Republican, Bloomberg, Citadel, White Locations: Davos
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAt least $28 billion of deals expected to be announced at the FII, CEO saysRichard Attias, Future Investment Initiative Institute CEO, says the conference will focus on renewable energy, technology and food security.
Persons: Richard Attias Organizations: Future Investment Initiative Institute
For example, according to a recent McKinsey study, Black Americans are 10% more likely to be working jobs slated for AI automation. If current trends hold, the new wealth created by GenAI alone will increase the racial wealth gap by $43 billion annually, according to McKinsey. That begins with infrastructure that supports AI enablement for all, including education on AI tools, access to the internet and power to compute. SFI has been working hard to close the digital divide in Black communities, including Historically Black Colleges and Universities (HBCUs), 82% of which reside in broadband deserts. This work is bridging access gaps and ensuring that underrepresented talent thrives in the rapidly growing and in-demand field of AI.
Persons: Goldman Sachs, GenAI, Robert Solow, SFI Organizations: Istock, McKinsey, Initiative, Black Colleges, Universities, Vista Equity Partners, Morehouse College Locations: U.S, Black
The U.S. Federal Reserve won't cut interest rates as much as markets expect because "embedded inflation" is too high, Blackrock CEO Larry Fink said Tuesday, speaking at a CEO-studded panel in Riyadh, Saudi Arabia. The Biden administration's legislation, such as the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, have pushed those efforts forward. "Today, I think we have governmental policies that are embedded inflationary, and, with that being said, we're not gonna see interest rates as low as people are forecasting," Fink said. The Fed cut its benchmark rate by 50 basis points in September, signaling a turning point in its management of the U.S. economy and in its outlook for inflation. In late-September reports, strategists at J.P. Morgan and Fitch Ratings predicted two additional interest rate cuts by the end of 2024, and expect such reductions to continue into 2025.
Persons: Andrew Ross Sorkin, Larry Fink, Saudi Arabia . Fink, " Fink, onshoring, we're, Fink, Morgan, Goldman Sachs, Carlyle, Morgan Stanley Organizations: BlackRock, New York Times DealBook, Jazz, Lincoln Center, U.S . Federal, Blackrock, Saudi, Future Investment Initiative, Biden, Infrastructure Investment, Jobs, Fed, Fitch, U.S . Bureau of Labor Statistics, Standard Chartered Locations: New York City, Riyadh, Saudi Arabia, China, U.S
"Data may be the new oil, and it's ultimately nations, not nature, that's going to determine the future of AI infrastructure built." AI relies on massive amounts of data for training and gigantic data centers. Despite a slowing economy, Beijing has been investing in AI data centers, and launched a $6.1 billion national initiative called "Eastern Data, Western Computing." The U.S. has its own slate of initiatives, including a task force on AI infrastructure. "The Arab Gulf countries of the Middle East present many promising opportunities for AI data centers," Cohen wrote.
Persons: Goldman Sachs, Jared Cohen, Goldman, Cohen, it's, They've, Anthropic Organizations: Goldman Sachs Global Institute, CNBC, Google, Microsoft, Meta, Computing, United, United Arab Locations: China, Beijing, U.S, Canada, Australia, France, Gulf, OpenAI, United Arab Emirates, Qatar, Saudi Arabia
CNN —Chris Brown’s history of violence is back in the spotlight with a new documentary focusing on years-old accusations against the singer, including his 2009 assault of Rihanna. The report prompted a police investigation that could have threatened Brown’s probation, but no charge was ever filed. In July 2013, Brown’s probation was revoked after he was accused of hit-and-run driving and driving without a license. It is produced with the global domestic violence initiative, No More, and is airing as part of the network’s “No Excuse for Abuse” campaign and commitment to domestic violence survivors. Editor’s Note: If you or someone you know is struggling with intimate partner violence, there are resources available, including the National Domestic Violence Hotline.
Persons: Chris Brown’s, Rihanna, Brown, Sean “ Diddy ” Combs, Chris Brown, Jane Doe, , ” Doe, Doe, Combs, Levi McCathern, McCathern, ” Combs, , he’s, “ Chris Brown, Michael Jackson, Brown’s, , Cheryl Dorsey, Brown “, Mark Geragos, Paul Buck, Karrueche Tran Organizations: CNN, Investigation, Miami Beach Police, Miami Beach, Los, Superior Court of, Los Angeles Police Department, Anaheim, Los Angeles Court, Violence Locations: Angeles County, Anaheim , California, Washington, DC, Malibu , California, Los Angeles
A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) forum. The kingdom's $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to 2.87 trillion Saudi riyals ($765.2 billion) in 2023 — and local investment was a major driver. "Value meaning hiring, developing the asset management ecosystem, creating new products, bringing in talent, and investing in Saudi capital markets also. Oil prices and the Saudi economy appear to so far have stayed largely unscathed, dropping 4% early Monday after Israel's weekend strike on Iran. A key reason for that may be the rapprochement deal the kingdom signed with Iran, brokered by China, in March 2023.watch now
Persons: Nureldine, it's, Omar Yacoub, Yacoub, Fadi Arbid, Brent, Arbid, Yemen's, Israel Organizations: King Abdulaziz Conference Centre, Future Investment Initiative, Afp, Getty, Investment Initiative, CNBC, U.S, ABS Global, Public Investment Fund, Saudi, Saudi Arabia's, Amwal Capital Partners, OPEC, Eastern, Ritz, Carlton, Israel Locations: Saudi Arabia's, Riyadh, Saudi, Saudi Arabia, , Dubai, Carlton Riyadh, Gaza, Israel, Lebanon, Iran, Tel Aviv, China
For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon
Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's
A Cincinnati Zoo & Botanical Garden worker's thumb was partially amputated after a bonobo attacked during morning feeding Friday, the zoo said. The bonobo bit through a protective mesh barrier as the primate care worker was giving food and medicine to the animals during morning rounds, the zoo said. The zoo emphasized that it happened "behind the scenes" at its Jungle Trails habitat, which it said last year is home to 10 bonobos. The Jungle Trails habitat was closed for the day but was scheduled to reopen Saturday, a zoo spokesperson said. The primates share 98.7 of their DNA with humans, making them our closest relative in the animal kingdom, according to the World Wildlife Fund.
Persons: Gilda Organizations: Cincinnati Zoo, International Union for Conservation of, Resources, Democratic, Conservation Initiative, World Wildlife Fund Locations: Democratic Republic of the Congo
Fact check: 32 false claims Trump made to Joe Rogan
  + stars: | 2024-10-27 | by ( Daniel Dale | ) edition.cnn.com   time to read: +20 min
Here is a fact check of 32 false claims Trump made to Rogan. The number of migrants: Trump claimed that at least “21 million” people have illegally crossed the border during the Biden administration. Trump’s Las Vegas crowd size: In his latest exaggeration about crowd sizes, Trump claimed there were “29,000 people” at his event the night prior. Foreign policyTrump and ISIS: Repeating one of his regular false claims, Trump said, “We defeated ISIS in record time. (This appeared to be an inadvertent mistake by Trump, but his claim was still inaccurate, and Trump has repeatedly bashed Biden over such mix-ups.)
Persons: Donald Trump, Joe Rogan, Kamala Harris, Trump, Rogan, Biden, Harris, Alejandro Mayorkas, Joe Biden, , Hillary Clinton, Virginia, Carter, Jimmy Carter, ” Trump, , Tom Sofield, ” Harris, Obama, Kim Jong, Kim Jong Un, Barack Obama, Kim,  Trump, “ Nobody, , FactCheck.org, Gavin Newsom, ’ ” Pavel Molchanov, Raymond James &, Molchanov, “ I’d, Oprah, Winfrey’s, didn’t, Trump’s, John Trump, Alyssa Farah Griffin, Griffin, Mike Pence’s, “ It’s, Abraham Lincoln’s, Abraham Lincoln, Tad, Lincoln, “ Tad, Tad Lincoln, Willie, bashed Biden Organizations: CNN, Immigration, Department of Homeland Security, Trump, Homeland, House Republicans, Electoral College, Washington Post, ABC, Wisconsin, Wisconsin Republicans, Republican, Bucks, ISIS, North Korean, Obama, Biden, New York Times, Taiwan News, NASA, Federal Highway Administration, USA, Gov, Drilling, National Wildlife Reserve, Wildlife Refuge, Raymond James & Associates, Alaska Industrial Development, Export Authority, Democratic, Oprah, MIT, Massachusetts Institute of Technology, Newsweek, Schools, White House, Pentagon, Capitol Locations: El Salvador, Guatemala, Honduras, United States, Wisconsin, Virginia, Oregon, Vegas, Las Vegas, Bucks County , Pennsylvania, Bucks County, Pennsylvania, Georgia, Texas, Michigan, Philadelphia, North Korea, China, Trump’s, Taiwan, , , Midwest, California, ” California, Louisiana
Related storiesA 2022 George W. Bush Institute study found that US metros with the highest immigrant population growth scored the lowest construction costs. Without the supply of these workers, history suggests housing costs are likely to rise. These could be significant, given that the construction industry would be competing against other immigrant-dependent sectors. Trump's campaign has implied that cracking down on immigration will help ease housing unaffordability by effectively removing one source of demand. Meanwhile, Trump's platform is also pushing another policy initiative that's unlikely to help housing costs: tariffs.
Persons: Donald Trump, , Donald Trump's, doesn't bode, Jim Tobin, Tobin, George W, JD Vance Organizations: Service, Republican, National Association of Home Builders, Home Builders Institute, Bush, SC, Congressional
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