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It’s so easy,” Trump said when asked by conservative radio host Hugh Hewitt whether he would “pardon yourself” or “fire Jack Smith.”“I would fire him within two seconds,” Trump said. But Trump has suggested on multiple occasions he would weaponize the justice system against his political rivals if reelected. Trump, who frequently rails against Smith on the campaign trail, told Breitbart last July that he “wouldn’t keep” the special counsel if he were reelected. “I wouldn’t keep him,” Trump said when asked if he would fire Smith. Why would I keep him?”Trump has routinely on the campaign trail suggested he would weaponize the justice system to go after his political opponents if reelected.
Persons: Donald Trump, Jack Smith’s, he’s, , ” Trump, Hugh Hewitt, Jack Smith, ” “, Smith, General Merrick Garland, Trump, slimmed, Trump’s, Hewitt, Breitbart, “ Jack Smith, Joe Biden, Adam Schiff, Nancy Pelosi “, Kamala Harris, Organizations: CNN, Trump, Trump . Trump, Department of Justice, Democratic Locations: United States, New York,
Mike Tindall says marrying into the royal family was pretty smooth. Tindall, a former rugby player, married Zara Tindall, who is not a working royal. AdvertisementPrincess Anne's son-in-law, Mike Tindall, said marrying into the royal family was an "easy" experience for him. Tindall is a former professional rugby player and husband to Zara Tindall, King Charles' niece. AdvertisementPrince Harry pictured with Zara Tindall and Mike Tindall in 2014.
Persons: Mike Tindall, Zara Tindall, , Anne's, Tindall, King Charles, Kate Middleton, Meghan Markle, Princess, Wales, Duchess, Sussex —, Kristen Meinzer, Danny Martindale, Meinzer, aren't, they're, Mike, James Haskel, Alex Payne, Prince Harry, Harry, Chris Jackson, Sovereign Grant, Zara, Marlene Koenig, Koenig, Kate, Meghan, Richard Fitzwilliams, Meghan's, Prince William, Prince George, Oprah Winfrey, Sussex, Buckingham Organizations: Service, Rugby, The Telegraph, Sovereign, Sovereign Grant, London, Pueris, Amazon Prime Locations: Domino's, Buckingham
A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. Representatives for Tapestry and Capri didn't immediately return requests for comment. The decision will ensure that Tapestry and Capri continue to engage in head-to-head competition to the benefit of the American public." The decision comes as consumers balk at high prices for food, apparel and other goods after years of elevated inflation. Lawyers for Tapestry and Capri argued the companies are not each other's main competitors.
Persons: Jennifer Rochon, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, Capri's, didn't, Henry Liu, Biden, Kamala Harris, Lina Khan, Capri, , Melissa Repko Organizations: Federal, Tapestry, Federal Trade Commission, FTC, Competition, Democratic Locations: Capri, New York, FTC's
If you're ready to rebalance investments or harvest profits, you could shield more earnings from capital gains taxes in 2025. The IRS on Tuesday announced dozens of inflation adjustments for 2025, including long-term capital gains brackets, which apply to assets owned for more than one year. Starting in 2025, there are higher taxable income thresholds for the 0% capital gains bracket, meaning investors can sell more assets without triggering taxes. The 0% capital gains bracket creates a "significant opportunity" for tax planning, according to certified financial planner Neil Krishnaswamy, president of Krishna Wealth Planning in McKinney, Texas. Here's what to know about the 0% long-term capital gains rate for 2025 and how to qualify.
Persons: Neil Krishnaswamy, Krishnaswamy Organizations: IRS, Krishna Wealth, Finance Locations: McKinney , Texas
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Yum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald's. "As we continue to monitor the recently reported E. coli outbreak, and out of an abundance of caution, we have proactively removed fresh onions from select Taco Bell, Pizza Hut and KFC restaurants," a Yum Brands spokesperson said in a statement to CNBC. U.S. Foods does not distribute onions for McDonald's restaurants, and the burger chain has not publicly named Taylor Farms as a supplier. In response to the outbreak, McDonald's has pulled Quarter Pounders from roughly a fifth of its U.S. restaurants.
Persons: Yum, Taylor, McDonald's, CNBC's Kate Rogers Organizations: Taco Bell, Yum Brands, KFC, CNBC, Foods, Taylor, ., Disease Control Locations: Richmond , California, Taco, Colorado , Nebraska, Wyoming
Tapestry-Capri merger blocked by U.S. judge
  + stars: | 2024-10-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTapestry-Capri merger blocked by U.S. judgeCNBC's Kate Rooney joins 'Closing Bell Overtime' with breaking news on the Tapestry-Capri merger.
Persons: Kate Rooney Locations: Capri
TSMC halted shipments to a client after its chips were found in Huawei products, per reports. Min-yen Chiang, a researcher, told BI it raises the questions about a "shadow network" of chip supply. TSMC, Huawei, and the Commerce Department did not immediately respond to Business Insider's requests for comments. Related storiesA 'shadow network' of chipsThe report adds to US concerns that Huawei is potentially obtaining advanced chips despite being blacklisted since 2020. "This question is slightly different than whether Huawei got restricted chips from TSMC through illegal channels," she told GZERO Media, a subsidiary of the Eurasia Group.
Persons: Chiang, , TSMC, John Moolenaar, Moolenaar, Kate Leaman, Leaman, JW Kuo, Xiaomeng Lu, Lu Organizations: Huawei, Service, Taiwan Semiconductor Manufacturing Company, Huawei Technologies, AFP, Bloomberg, Chinese Communist Party, CCP, BIS, Commerce Department, US Commerce Department, Apple, Nvidia, Export, US Commerce, agency's Bureau of Industry, Security, Eurasia Group, GZERO Media Locations: Taipei
Kate Cassidy, the girlfriend of One Direction member Liam Payne, shared a tribute to the late singer Wednesday, writing in an Instagram post that the two had plans to get engaged and married. “Liam, I know we’ll be together forever, but not in the way we had planned,” she wrote in a statement, alongside photos of herself with Payne throughout the course of their relationship. She had posted videos from Argentina with Payne prior to his death, and had shared a video about her trip back to Florida two days before he died. Payne rose to fame in 2010 after being placed in the boy band One Direction with fellow members Harry Styles, Niall Horan, Zayn Malik and Louis Tomlinson. We love you Liam.”The individual members also shared tributes to Payne on their personal Instagram posts alongside photos of him.
Persons: Kate Cassidy, Liam Payne, “ Liam, , Payne, , ” Payne, Cassidy, ” “ Liam, I’ve, Harry Styles, Niall Horan, Zayn Malik, Louis Tomlinson, ” Styles, Horan, Malik, Tomlinson, Liam Locations: Buenos Aires, Argentina, TikTok, Florida
CNN —On a mountaintop in northern Chile, the world’s largest digital camera is preparing to power up. The expectation is that in this way, Vera Rubin will discover about 17 billion stars and 20 billion galaxies that we’ve never seen before — and that’s only the beginning. “We’re anticipating about 10 million alerts per night coming off the telescope,” Higgs says. “The Vera Rubin Observatory will enable astronomers to map the distribution of dark matter like never before, based on how dark matter bends the path of ordinary starlight — a process known as ‘gravitational lensing,’” Kaiser explains. “After all, it was her seminal work on the detection of dark matter in spiral galaxies in the 1970s that got this pursuit going,” says Natarajan.
Persons: Vera C, , Vera Rubin, , Rubin, , Clare Higgs, Higgs, Charles Simonyi, Bill Gates, it’s, Olivier Bonin, ” Higgs, “ We’re, There’s, David Kaiser, Kaiser, ” Kaiser, Rubin Obs, Konstantin Batygin, Kate Pattle, “ Rubin, Priyamvada Organizations: CNN, Rubin, Department of Energy’s, Science, US National Science Foundation, Accelerator Laboratory, Stanford University in, Accelerator, Survey, Netflix, Massachusetts Institute of Technology, Nine, California Institute of Technology, of Physics, Astronomy, University College London, Yale University Locations: Chile, Cerro Pachón, Chilean, Santiago, Stanford University in California, California
Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. Select retail partners will be able to continue fulfilling orders with Amazon Today through Jan. 24, 2025, Amazon told CNBC. The closure of Amazon Today is the latest example of the company’s broader cost-cutting efforts. Launched in 2022, Amazon Today allows retailers who sell on Amazon to offer speedy delivery from their brick-and-mortar stores and shopping malls in select cities. Amazon Today was part of the company’s push to get online purchases to shoppers’ doorsteps at faster speeds.
Persons: Andy Jassy, Jassy, Jeff Bezos, Amazon’s, , Kate Hudson, Organizations: CNBC, Amazon, Amazon Today, Employees, Flex, , Staples Locations: Jan
IRS announces new federal income tax brackets for 2025
  + stars: | 2024-10-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
The top rate of 37% applies to individuals with taxable income above $626,350 and married couples filing jointly earning $751,600 or more for 2025. The IRS has announced new federal income tax brackets and standard deductions for 2025. Federal income tax brackets show how much you owe on each part of your "taxable income," which you calculate by subtracting the greater of the standard or itemized deductions from your adjusted gross income. If the provision expires, the tax brackets will revert to 2017 levels , shifting to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. Trump's tax cuts also included higher standard deductions, which will sunset after 2025 if Congress doesn't extend that tax break.
Persons: Donald Trump Organizations: IRS
The IRS unveils higher capital gains tax brackets for 2025
  + stars: | 2024-10-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
The IRS has unveiled higher capital gains tax brackets for 2025. In its announcement Tuesday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year. The IRS also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption and eligibility for the child tax credit, among others. How advisors are preparingThe capital gains rate you pay is based on which bracket you fall into based on taxable income. Starting in 2025, single filers will qualify for the 0% long-term capital gains rate with taxable income of $48,350 or less and married couples filing jointly are eligible with $96,700 or less.
Organizations: IRS, Finance
IRS announces bigger estate and gift tax exemption for 2025
  + stars: | 2024-10-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
The Internal Revenue Service has announced a higher estate and gift tax exemption for 2025. The IRS also boosted figures for dozens of other provisions, including federal income tax brackets, long-term capital gains tax brackets and eligibility for the child tax credit, among others. Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingAfter 2025, the higher estate and gift tax exemption enacted by former President Donald Trump will sunset without action from Congress. The Tax Cuts and Jobs Act doubled the exemption to $11.18 million in 2018, according to the Tax Policy Center.
Persons: Donald Trump Organizations: Internal Revenue Service, IRS, Finance, Tax, Center
Leopatrizi | E+ | Getty ImagesMost tax preparers don't have credentialsDespite the talent shortage, vetting is important because "pretty much anyone can call themselves a tax preparer," Young said. There are no federal licensing or competency requirements, and some paid preparers have no training or experience, the report noted. Under current law, the minimum requirement for paid professionals is an IRS-issued preparer tax identification number, or PTIN. Free preparation options like Volunteer Income Tax Assistance, or VITA, and Tax Counseling for the Elderly, or TCE, also have competency standards. How to vet your tax preparerUnlike big box preparers, many tax professionals don't accept walk-in traffic and operate mainly by referral, according to Tom O'Saben, an enrolled agent and director of tax content and government relations at the National Association of Tax Professionals.
Persons: Young, preparers, Tom O'Saben Organizations: Getty, IRS, National Taxpayer, National Association of Tax
Perplexity AI faces copyright lawsuits from media companies
  + stars: | 2024-10-21 | 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 EmailPerplexity AI faces copyright lawsuits from media companiesCNBC’s Kate Rooney and Credo AI CEO Navrina Singh, join 'Power Lunch' to discuss Perplexity AI’s latest round of funding and its copyright problems.
Persons: Kate Rooney, Navrina Singh
Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Though President Donald Trump visited a Pennsylvania McDonald's location on Sunday, the fast-food giant is trying to stay neutral in the presidential race. Trump often accuses Harris of lying about working at McDonald's for a summer in her twenties, but has offered no proof backing up the claim. "Though we are not a political brand, we've been proud to hear former President Trump's love for McDonald's and Vice President Harris's fond memories working under the Arches," McDonald's said. To quell the controversy, McDonald's U.S. President Joe Erlinger wrote an open letter and released fact sheets about the company's pricing.
Persons: Donald Trump, we've, Trump, Kamala Harris, Harris, Trump's, McDonald's, Derek Giacomantonio, Davidson, Joe Erlinger, CNBC's Kate Rogers Organizations: McDonalds, CNBC, Corporate America, Ford, Gallup, University of Bentley Locations: Feasterville, Trevose , Pennsylvania, U.S, Pennsylvania, , Pennsylvania, McDonald's, Connecticut
Or so his campaign said Saturday as the former president took the stage in Latrobe, Pennsylvania. “Arnold Palmer was all man, and I say that in all due respect to women, I love women. In between the vulgar and bizarre moments at Trump’s rally Saturday were glimpses of a closing pitch. There was little, though, to differentiate Trump’s remarks from dozens of speeches he has delivered over the course of the campaign. Still, Trump looked ahead to the moment when he could put his third White House bid in the rearview mirror.
Persons: Donald Trump, Trump, Arnold Palmer, “ Arnold Palmer, ” Trump, , Antonio Brown, Kamala Harris, , Harris, Al Sharpton, MSNBC’s, ” Harris, Peg Palmer Wears, we’ll, — ” Trump, “ Today’s, Jason Miller, Miller, “ I’ve, I’ve, We’ve Organizations: CNN, White, Pittsburgh Steeler, Democratic, Associated Press, Pittsburgh, Trump, Saturday, Pittsburgh Steelers, Madison, CNBC Locations: Latrobe , Pennsylvania, United States, Pennsylvania, Philadelphia, Latrobe, Detroit
CNN —Donald Trump is pulling one of the most iconic American companies – McDonald’s – into the political arena in the final days of his third White House bid. “I’m going to McDonald’s to work the french fry,” Trump told supporters Saturday at a rally in the Pittsburgh area. A campaign official told CNN that Harris worked at a McDonald’s in Alameda, California, during the summer of 1983 when she was still a student at Howard University in Washington. It’s unclear why Trump has latched on to Harris’ McDonald’s employment or why a visit there was warranted during one of his few remaining weekends before Election Day. “I think my father knows the McDonald’s menu much better than Kamala Harris ever did,” Trump Jr. said.
Persons: Donald Trump, Kamala Harris, Trump, Harris, Harris –, “ I’m, ” Trump, ” Harris, Drew Barrymore’s, , Bill Clinton, Jasmine Crockett, , Harris ’, Tim Walz, Barack Obama’s, Sen, Ted Cruz’s, John F, Kennedy, Nikki Haley, wasn’t, “ John Barron, shouldn’t, McDonald’s, “ You’re, Jared Kushner, ” Kushner, Donald Trump Jr, Harris didn’t, CNN’s Kristen Holmes, Kate Sullivan, Ebony Davis Organizations: CNN, White, Keystone, Democratic, Howard University, Convention, ” Texas, Minnesota Gov, White House, Republican, South Carolina Gov, Forbes, football, Mac, Fox News Locations: Pennsylvania, Pittsburgh, McDonald’s, Alameda , California, Washington, , East Palestine , Ohio, Burger
I moved from California to Germany while pregnant with my second child. My kids are now 8, 5, and 3 years old, and traveling with them wasn't enjoyable. I had to adjust my expectations and plan trips that everyone could enjoy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Because I lowered my expectations of what we could do and let my kids just be kids, it was the most fun we've had together on a holiday.
Persons: , Grimm, we've, I'm, we'll, I've, Mona Lisa Organizations: Service, Eiffel, Bach Locations: California, Germany, London's, Greece, Kassel, Leipzig, Europe, Paris, Barcelona
The Perplexity AI logo is seen in this photo taken Jan. 4, 2024. Perplexity AI, an artificial intelligence search engine startup hoping to chip away at Google's dominance, is seeking to more than double its valuation to about $9 billion in its next funding round, CNBC has confirmed. The Wall Street Journal was first to report on the new funding round. Perplexity started the year with a roughly $500 million valuation. Since then, the company has continued to attract investor interest alongside the bigger boom in generative AI, raising three funding rounds this year.
Persons: Perplexity, OpenAI, ChatGPT Organizations: CNBC, New York Times
CNN —CBS’ “60 Minutes” on Sunday rejected former President Donald Trump’s claims that the show edited its interview with Vice President Kamala Harris at her campaign’s direction. “Former President Donald Trump is accusing 60 Minutes of deceitful editing of our Oct. 7 interview with Vice President Kamala Harris. That is false,” the show said in a statement that noted that Trump backed out of his own “60 Minutes” interview earlier this month. “60 Minutes gave an excerpt of our interview to Face the Nation that used a longer section of her answer than that on 60 Minutes,” the statement reads. If he would like to discuss the issues facing the nation and the Harris interview, we would be happy to have him on 60 Minutes,” the show said in its statement.
Persons: Donald Trump’s, Kamala Harris, , Donald Trump, Trump, Fox’s, Harris, Bill Whitaker, Howard Kurtz, Karoline Leavitt, CBS “, , ” Leavitt, Jessica Rosenworcel, Lesley Stahl, ” CNN’s Liam Reilly, Kate Sullivan, Jack Forrest Organizations: CNN, CBS, Sunday, Fox News, GOP, , Federal Communications, Comcast, NBC News, MSNBC
Prince Andrew's "Newsnight" interview has been depicted in a new series. AdvertisementThe public may not completely forgive Prince Andrew's controversies – but the royal family might, according to royal experts. AdvertisementSchofield said the institution is unlikely to ever fully reject Prince Andrew. However, she noted that his involvement in family events could be scaled back when Prince William ascends the throne. "Prince William is incredibly intelligent and recognizes that you are only as strong as your weakest member.
Persons: Prince Andrew's, Duke, York, Jeffrey Epstein, Andrew, , Prince, Kinsey Schofield, he'd, Andrew's, Prince Andrew, Gillian Anderson, Rufus Sewell, Billie Piper, Sam McAlister, Emily Maitlis, Ruth Wilson, Michael Sheen, Epstein, Ghislaine Maxwell, Epstein's, Virginia Roberts Giuffre, Maxwell, Maitlis, King Charles, King Charles and Prince William, Princess Beatrice, Princess Eugenie, Kristien, Sovereign Grant, Richard Fitzwilliams, Sarah Ferguson, it's, Ferguson, MailOnline, Victoria, Schofield, Prince William, King William, William, Kate, Prince Harry —, Buckingham Organizations: Service, BBC, YouTube, Netflix, Amazon, Palace, International Trade, Investment, KPMG, Standard Chartered, Cisco, BBC News, Sovereign, Telegraph Locations: Windsor, Porta
CNN —Vice President Kamala Harris and former President Donald Trump collided Friday in Michigan, both barnstorming the state as they wage a tight battle for its potentially decisive 15 Electoral College votes. He said he’d boost American auto manufacturing by slapping steep tariffs on imported vehicles. Rebecca Cook/ReutersBattle for Arab American votersTrump on Friday visited a campaign office in Hamtramck, which has a large Muslim and Arab American population. Trump has courted auto workers in Michigan with pledges to impose steep tariffs on vehicles imported from Mexico and China. Detroiters don’t give up on each other or their city, something Donald Trump will never understand,” Whitmer says in the 30-second spot.
Persons: Kamala Harris, Donald Trump, , Harris, Trump, Joe Biden, ” Trump, Biden, Hillary Clinton, Rebecca Cook, Amer Ghalib, Benjamin Netanyahu, , ” Harris, Assad Turfe, Yahya Sinwar, , Shawn Fain, “ He’s, Reuters Trump, he’d, Trump’s, Gretchen Whitmer’s, “ Donald Trump, Detroiters don’t, ” Whitmer, Detroit “, CNN’s Ali, Ethan Cohen Organizations: CNN, Electoral, Trump, White House, Michigan, Biden, Democratic, Michigan —, Reuters, Arab American voters Trump, United Auto Workers, Motor, Economic, ” Michigan Democratic Gov, Hell PAC, Detroit Locations: Michigan, Oakland County, Detroit, Waterford Township, Grand Rapids, Western Michigan, Kent County, Lansing, Auburn Hills, . Michigan, Pennsylvania, Wisconsin, Gaza, Waterford Township , Michigan, Hamtramck, Arab, Wayne County, Lebanon, Israel, Mexico, China, America
Vice President Kamala Harris will join the Obamas for get-out-the-vote events in the battleground states of Georgia and Michigan next week, marking the first time she’s hitting the trail with either former President Barack Obama or Michelle Obama, according to a senior campaign official. As Election Day nears, campaign advisers are turning their focus to voter turnout, bringing in surrogates to mobilize voters in critical states. Next Thursday, Harris will appear with former President Obama in Georgia, where early voting has begun. And later in the week, she’ll head to Michigan to appear with Michelle Obama to mark the first day of voting in the state. Next Saturday’s event will also mark Michelle Obama’s first time on the trail for the Harris-Walz campaign.
Persons: Kamala Harris, Barack Obama, Michelle Obama, Harris, Obama, Michelle Obama’s, Walz, Black, she’s Locations: Georgia, Michigan, surrogates
Christopher Polk/Getty Images Payne takes a selfie with fans at the 2014 ARIA Awards in Sydney. Cameron Spencer/Getty Images Payne performs with One Direction during one of their last concerts together in Los Angeles in 2015. Terence Patrick/CBS/Getty Images Payne poses for photos with his then partner Cheryl Cole at the 2018 BRIT Awards in London. Joe Maher/FilmMagic/Getty Images Payne performs on "The Today Show" in 2019 to promote the release of his first solo album. Kate Green/Getty Images Payne warms up before Soccer Aid for UNICEF 2023 charity match in Manchester, England.
Persons: Liam Payne’s, Payne, , Marcelo Roma, Liam Payne, James Shaw, Shutterstock Payne, Louis Tomlinson, Zayn Malik, Harry Styles, Niall Horan, Nicole Scherzinger, Ken McKay, Shutterstock, Dave Hogan, Christopher Polk, Cameron Spencer, James Corden, James Van Der Beek, Jim Gaffigan, Terence Patrick, Cheryl Cole, Bear, Joe Maher, FilmMagic, Kate Green, Will Matthews, Marc Piasecki, Luis Robayo, Singer Liam Payne, , , they’re “, “ Liam, ” Harry Styles, Zayn Malik –, , “ We’re, Liam, Simon Cowell, Malik, ” Tomlinson, Agustin Marcarian, REUTERS Payne, Tomlinson, ” Malik, , ” Horan, he’s “, ” Styles Organizations: CNN, Party, Fremantle Media, Getty, CBS, NBC, Soccer Aid, UNICEF, Todo Noticias, Associated Press, UK’s, Media, REUTERS Locations: Buenos Aires, Argentina, London, Wolverhampton , England, Barbados, Los Angeles, Sydney, Manchester, England, Paris, AFP
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