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☆ Why the current job market has been such a bad match for the college degree and recent grads
▼ + stars: | 2024-07-14 | by ( Kevin Williams | ) www.cnbc.com time to read: +8 min

While searching for a job, Wells landed an internship in OSU's career services department, which helped her build a specialty in the niche field of counseling job seekers. A new bifurcation in strong labor market"What we are experiencing now is a bit of a bifurcation of the labor market. Schelling says the 2024 job market for grads is strong, but focusing too much on degree attainment alone is a mistake. Some labor market experts see burdensome application requirements among the undercurrents roiling an already difficult job market for grads. In the end, he says a grad's job market's prospects will vary depending on where they are, what they are applying for, and what they want.

Persons: Sean Astin, Jenny Flora Wells, Wells, grads, Rachel Sederberg, Sederberg, Cindy Meis, Meis, Christina Schelling, Schelling, Justin Marcus, Marcus Organizations: College of Arts and Sciences, UCLA's, Ohio State University, Stonehill College, Tippie College of Business, University of Iowa, Employers, grads, Big Locations: Los Angeles

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

☆ Ron Insana: Look to the U.S. for economic resilience and continued global stock market leadership
▼ + stars: | 2024-07-13 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. The S&P 500 is up nearly 18% in 2024, while the Nasdaq Composite is up 22% in that same time frame. Americans have often been accused, especially by those living abroad, of having a rather narrow view of the world. But President Xi Jinping's "party over prosperity" political model continues to dampen enthusiasm among both foreign investors and domestic consumers. There may be a day that that becomes true and other economies and markets may prove more alluring, but that day has yet to come.

Persons: it's, Xi Jinping's, It's, Dorothy Gale of, Ron Insana Organizations: New York Stock Exchange, Nasdaq, U.S, National Institution for Finance, Development, Monetary Fund, Overseas, Treasurys, U.S ., CNBC Locations: New York City, U.S, Japan, Argentina, Turkey, China, Shanghai, Italy, Spain, America, Dorothy Gale of Kansas

☆ Thinking About a Mississippi River Cruise? There’s One Big ‘If.’
▼ + stars: | 2024-07-11 | by ( Rowan Moore Gerety | ) www.nytimes.com time to read: +1 min

Tom Trovato and his wife, Trish, paid more than $20,000 and waited two years to experience Viking’s inaugural cruise up the Mississippi River. Leaving in September 2022, it was supposed be a two-week excursion from New Orleans to St. Paul, Minn., a trip of some 1,800 miles. Though they got a full refund, the Trovatos, who live in Surprise, Ariz., have no plans to try again. “If I live to be 125, it might be on my bucket list,” said Mr. Trovato, 79. The Mississippi River is central to American identity, with all the contradictions that entails.

Persons: Tom Trovato, Trish, ”, Trovato, —, Lewis, Clark, “ Organizations: Minn Locations: Mississippi, New Orleans, St, Paul, Memphis, Viking Mississippi

Supply and DemandThe case for housing deregulation starts with Econ 101: Allowing builders to significantly increase housing supply leads to much lower prices. It isn’t rising demand, as the U.S. population rose even faster back when housing prices were roughly stable. Standard of LivingWhat would happen if homebuilders could once again freely build until housing prices were driven back down to cost? The admittedly small number of studies on the link between YIMBY and babies support common sense: Less regulation lowers housing prices, and lower housing prices generally raise birth rates and hasten child-bearing. In a rational world, the panacea policy of housing deregulation would be a done deal.

Persons: Ben Denzer, Taylor, Wharton, homebuilders, Thomas Piketty’s, ”, Matthew Rognlie, Peter Ganong, Daniel Shoag, Anne Case, Angus Deaton Organizations: Republicans, Research, Area, Wharton, Francisco, Francisco Los Angeles New, Francisco Los Angeles New York Phoenix Denver Houston Dallas, Japan Japan France France Britain Britain, Japan Japan France France Britain Britain Canada, → Utah Nevada Arizona New, San, San Francisco New, Atlanta Houston Boston, Democrats, Republican Locations: Minnesota , Oregon, California, New York City, Houston, Dallas, Francisco Los, Francisco Los Angeles New York, Wharton, United States, Japan, France, Britain, Canada, U.S, Japan Japan France France, Japan Japan France France Britain Britain Canada Canada, Bay, Dodge, → California Nevada Florida New York Arkansas, → Utah Nevada Arizona, → Utah Nevada Arizona New York West Virginia, Washington, San Francisco, San Francisco New York Los Angeles Rochester, N.Y, Atlanta

☆ Ex-Sen. Jim Inhofe has died, McConnell says
▼ + stars: | 2024-07-09 | by ( Ted | ) edition.cnn.com time to read: +1 min

CNN —Former US Sen. Jim Inhofe, a former chairman of the Senate Armed Services Committee who was one of the most vocal climate change deniers in the US Senate, has died, Senate Minority Leader Mitch McConnell announced on Tuesday. Inhofe, 89, served in the US Senate from 1994 until he retired in 2023. “The people he served, a group much larger than the proud residents of the Sooner State, were better for it,” McConnell said in a statement. His relentless advocacy for American energy dominance unlocked new prosperity across the country. “If we wanted the government to work for the people, not against the people, it was up to us to make a change,” Inhofe said at the time.

Persons: Former US Sen, Jim Inhofe, Mitch McConnell, ” McConnell, “, Inhofe, ”, –, Senate –, ” Inhofe Organizations: CNN, Former US, Senate Armed Services Committee, Senate, Sooner State, Heartland, Republican, Senate Environment, Public, Tulsa, US Locations: Inhofe

☆ Who Is Rachel Reeves, the Woman Taking the Helm of Britain’s Economy?
▼ + stars: | 2024-07-05 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +1 min

Rachel Reeves became Britain’s first female chancellor of the Exchequer on Friday, taking on one of the country’s four great offices of state, with responsibility for managing Britain’s budget. After a decade and a half of economic stagnation, Ms. Reeves, a Labour lawmaker with a reputation as a serious and steady manager, faces the tough jobs of boosting Britain’s productivity growth, a key measure of prosperity, and of reviving struggling public services. “I know the scale of the challenge that I’m likely to inherit,” Ms. Reeves told the BBC early Friday. “There’s not a huge amount of money there,” she said, adding that the party needed to unlock private investment. Ms. Reeves is expected to approach her new role with deliberation.

Persons: Rachel Reeves, Britain’s, Reeves, ” Ms, “ There’s, ”, ” Carys Roberts Organizations: Labour, BBC, Institute for Public Policy Research

☆ Russian spies only need $3 a month to dupe someone online: report
▼ + stars: | 2024-07-05 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

According to the report, one of the operations in Project Kylo would have cost the Russian spies around $3 a month to manipulate one Western internet user. "It is precisely the fear for the future, uncertainty about tomorrow, the inability to make long-term plans, the unclear fate of children and future generations," the document read. And the number of Russian spies in the West is now estimated to be at the highest it has been in decades. Russian spy activities "are as high or even higher than during the Cold War," a Western intelligence officer told The Financial Times in March. AdvertisementGerman newspaper Welt am Sonntag reported in April 2023 that Russian spies have used Tinder to target German politicians and soldiers in a bid to obtain intelligence related to the Ukraine war.

Persons: —, Der, Der Spiegel, Victor Muller, Sonntag Organizations: Service, The, Der Spiegel, Business, SVR, Der, Criminal, Financial Times, Welt Locations: Ukraine, Germany, Russian, The Hague, West

☆ Canada's bold plan to make housing more affordable is showing signs of working — and could be a model for the US
▼ + stars: | 2024-07-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Like the American federal government, Canada's national government doesn't have a lot of control over housing policy. Related storiesOverall, the federal push has already been quite successful in changing the housing policy landscape across the country, Moffat said. Over the last several years, an influx of new immigrants, rampant investor speculation, and rapidly rising construction costs have also sent prices up. It would also impose a fine on cities that tolerate "NIMBY" — the anti-development "Not in My Backyard" philosophy — opposition to housing construction. Some American fans of Canada's Housing Accelerator Fund suggest it could be a model for US efforts to incentivize denser and more abundant housing construction.

Persons: i'm, it's, Mike Moffatt, Moffat, —, Justin Trudeau, Trudeau, Matti Siemiatycki, Siemiatycki, there's, densification, Pierre Poilievre, hasn't, Joe Biden's Organizations: Service, Business, Smart Prosperity, University of Ottawa, Housing, Liberal, Infrastructure Institute, University of Toronto's, of Cities, Concordia University, Conservative Party, Investment, Jobs Locations: Canada, Ottawa, British Columbia, Ontario, Alberta, California, United States

☆ Analysis: Trump relishes a winning streak on the debate stage and in the courts
▼ + stars: | 2024-06-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Washington CNN —Donald Trump used to tell his fans that he’d win so much, they’d get tired of winning. The ex-president’s lawyers are already signaling they will seek to get evidence tossed and obstruction counts against the ex-president dismissed. The court released its decision ahead of an even more critical case that will bear more directly on Trump’s criminal entanglements. A second 2020 election case, in Georgia, is also stalled – partly over a controversy and appeals process triggered by a relationship between District Attorney Fani Willis and a prosecutor she appointed. Trump is only three years younger than Biden and often lapses into gibberish in campaign events.

Persons: Washington CNN — Donald Trump, they’d, Joe Biden’s, Trump, ” Trump, Jack Smith, Aileen Cannon, Cannon, –, Fani Willis, Juan Merchan, it’s, Biden, Biden’s, he’s, ”, overstepped, Smith, CNN’s Paula Reid, ’, ” Cannon Organizations: Washington CNN, Trump, America, “, Justice Department, Capitol, Republican, WIN, White, Republican National Convention, Biden, Justice, Trump . Trump’s Locations: Atlanta, Virginia, Florida, Lago, Georgia, New York, Milwaukee , Wisconsin

☆ Here are Wednesday's biggest analyst calls: Nvidia, Amazon, Alphabet, FedEx, Tesla, Caterpillar, Shopify, Disney & more
▼ + stars: | 2024-06-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Stifel initiates Tesla at buy Stifel said it's bullish on Tesla for the long term. JPMorgan upgrades FedEx to overweight from neutral JPMorgan upgraded the shipping giant following earnings on Tuesday. Jefferies reiterates Alphabet as buy Jefferies said its survey checks show Alphabet is top of mind for consumers when it comes to AI. Citi reiterates Nvidia as buy Citi raised its price target on Nvidia to $150 per share from $126. Morgan Stanley downgrades Accenture to equal weight from overweight Morgan Stanley said shares of the IT company are "no longer" attractive.

Persons: Tesla, Stifel, it's, Piper Sandler, Piper, Goldman Sachs, Goldman, Mark Clouse, Carrie Anderson, Rebecca Gardy, Wolfe, HOOD, Warnick, Shopify, Rosenblatt, Nike's, Morgan Stanley, Jefferies, GOOGL, Stephens, Wells, BTIG, Northrop, Rivian, Piper Sandler downgrades Aptiv Organizations: JPMorgan, FedEx, Campbell, Barclays, Nu Holdings, BMO, Steel, Nippon, US Steel, X, Digital Realty, Citi, U.S, Caterpillar, Apple, Apple Intelligence, Android, UBS, Nike, Nvidia, Davidson, Home, Bank of America, " Bank of America, shipper, UPS, Cruises, Northrop Grumman, VW, JV, Accenture Locations: 1Q24, Mexico, Brazil, China, Houston, U.S, Rivian

Tensions between Israel and Lebanon have risen sharply since the October 7 Hamas attack on Israel and the ensuing military campaign by Israel in Gaza. The Iran-backed militant group Hezbollah has been firing missiles, mortars and drones into Israel, and Israel has returned that fire. Tens of thousands of people on both sides of the mountainous border have fled as concerns intensify about the possible outbreak of another full-fledged war. On the Lebanese side, residents of Shia-majority towns like Kafr Kila, Adaisa, Aita Al-Shaab and Aitaroun have almost all left. Yet, more than two decades later, some residents still cling to their ancient town and vow not to leave.

Persons: Aita Al, Israel, ” Edouard Achy, ” Organizations: Hezbollah, South Lebanese Army, Israel Locations: Israel, Lebanon, Gaza, The Iran

☆ Marjayoun, Lebanon: Residents along border with Israel fear another war
▼ + stars: | 2024-06-24 | by ( Ben Wedeman | ) edition.cnn.com time to read: +7 min

Marjayoun, Lebanon CNN —In the town of Marjayoun in southern Lebanon, around five miles north of the Israeli border, the main square seems almost abandoned. Tensions between Israel and Lebanon have risen sharply since the October 7 Hamas attack on Israel and the ensuing military campaign by Israel in Gaza. Damaged property in the town of Marjayoun, southern Lebanon. Sunday mass at the Maronite Church in the town of Marjayoun, southern Lebanon. I decide not to interfere with annoying questions about Israel, Hezbollah, impending war, death, destruction and displacement.

Persons: Virgin Mary, Saint Charbel, Claude, ”, Aita Al, Muhammad Darwish, Israel, ” Edouard Achy, Amal, We’re, ‘, Abu Nabil, Jordan, “, it’s, It’s, Fatin, you’d Organizations: Lebanon CNN —, Journalists, Hezbollah, CNN, South Lebanese Army, Israel, Maronite Locations: Marjayoun, Lebanon, Lebanese, Israel, Gaza, The Iran, Hasbaya, Syria, France, “, Jerusalem

☆ Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%
▼ + stars: | 2024-06-21 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla CEO Elon Musk sent an email to "everybody" that day. He told employees, "Over the next few weeks, Tesla will be doing a comprehensive review to provide stock options grants for exceptional performance." In a filing for the fourth quarter, Tesla said its employee head count worldwide at the end of December was 140,473, a number that represents salaried and hourly staffers. At around 121,000, that suggests Tesla has reduced overall headcount by at least 14% since the end of 2023. For the first quarter, Tesla reported a 9% drop in annual revenue, the biggest decline since 2012.

Persons: X Elon Musk, Mark Read, Elon Musk, Tesla, Musk, We've, Rebecca Tinucci Organizations: Lumiere Theatre, Cannes Lions, CNBC, Tesla, Reuters, Bloomberg, Nasdaq Locations: Cannes, France, China

☆ Opinion: Juneteenth, Haiti and the power of reinvention
▼ + stars: | 2024-06-19 | by ( Opinion Nadine Pinede | ) edition.cnn.com time to read: +11 min

Juneteenth is a celebration of that hard-fought Black freedom, observed in honor of June 19, 1865 when slaves in Galveston, Texas, first learned from Union soldiers that they were free. Like my parents growing up in Haiti, she was used to seeing Black people in positions of power. She had freed herself from unjust rules meant to restrict education for Black Americans. Mark Felix/AFP/Getty ImagesIn Haiti, Hurston’s creative powers had the time and freedom to unfurl. As the author of “Barracoon,” a book based on interviews with one of the last enslaved Black Americans, Hurston almost certainly understood the significance of Juneteenth.

Persons: Nadine Pinede, ”, Nadine Pinede Sophie Kandaouroff, Lincoln, Juneteenth, “, Jim Crow, Zora Neale Hurston, Hurston, Lynne Sladky, she’d, Little, Barnard, Langston Hughes, Hurston unapologetically, Zora, Mark Felix, Lucille, Toussaint Louverture, Jean, Jacques Dessalines, Henri Christophe, Alice Walker, Walker Organizations: Scholastic Education, Haiti Noir, CNN, Union, Black, Black American, La Force, Howard University, Barnard College, Harlem Renaissance, verve, Guggenheim Fellowship, Guggenheim, Getty, La, Magazine Locations: Haiti, ”, Haitian, Galveston , Texas, Africa, Texas, Caribbean, France, United States, Black, American, Eatonville , Florida, Miami , Florida, Little Haiti, Baltimore, Washington, New York City, Jamaica, AFP, Long

☆ Australia's Albanese, China's Li hold 'candid' talks
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: +3 min

China's Premier Li Qiang (L) and Australia's Prime Minister Anthony Albanese shake hands during a signing ceremony at Parliament House in Canberra on June 17, 2024. This dialogue has allowed us to build a deeper awareness of our respective interests," Albanese said in opening remarks. After the meeting, Li told reporters the leaders held a "candid, in-depth and fruitful meeting and reached a lot of consensus". Albanese told reporters after the meeting the two countries had revitalized engagement and he was "determined to keep growing our relationship where we can." watch nowOn regional issues, he had told Li that "Australia advocates that we should all work together to promote a regional balance where no country dominates and no country is dominated".

Persons: Li Qiang, Anthony Albanese, Lukas Coch, Li, Xi Jinping, " Albanese, Albanese, Gong, Tenzin Wougyal Organizations: Australia's, House, AFP, Getty Locations: Canberra, Australian, Beijing, Australia, China, Hong Kong

☆ Bidenomics: The Queen Bee Is Jennifer Harris - The New York Times
▼ + stars: | 2024-06-17 | by ( Farah Stockman | ) www.nytimes.com time to read: +2 min

Our host, Jennifer Harris, gave a speech about how economic ideas change to meet the needs of a new era. In a room full of V.I.P.s, she was the Queen Bee. I was thrilled when the Biden administration came in with a plan for big federal investments in the American industrial base, tariffs, support for labor unions and actions against monopolies. To understand who Ms. Harris is, you have to know who she used to be. For years, she felt like an oddball in Washington, where both parties were still in thrall to neoliberalism.

Persons: I’ve, Jennifer Harris, Queen Bee, I’d, Harris, Trump, —, Biden, thrall Organizations: Biden, steelworkers, Department Locations: San Francisco Bay, Washington, Indiana, Mexico, China, United States

☆ Opinion: The G7 ‘family photo’ of world leaders tells a bigger story
▼ + stars: | 2024-06-13 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +9 min

CNN —The annual G7 summit, a gathering of leaders of some of the world’s wealthiest democracies, used to be a staid, predictable affair. Tensions were about to explode in 2018, when G7 leaders met in Canada. Behind the smiles and waves, a fraught 2018 G7 summit in Canada. German Chancellor Angela Merkel deliberates with US president Donald Trump on the sidelines of the 2018 G7 summit in Canada. German Chancellor Angela Merkel chats with a relaxed US President Barack Obama outside during the 2015 G7 summit in southern Germany.

Persons: Frida Ghitis, Read, Joe Biden, Pope Francis, Volodymyr Zelensky –, —, Donald Trump, Justin Trudeau, Cole Burston, Trump, Angela Merkel, Merkel, Angela Merkel deliberates, Jesco Denzel, Barack Obama, Michael Kappeler, George W, Bush, backrub, Vladimir Putin, Putin, Covid, ” Biden, ” Macron, Boris Johnson, Ludovic Marin, Biden, Emmanuel Macron’s, autocrats, Lady Melania Trump, Trudeau, Andrew Parsons, Giorgia Meloni, ” Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, European Council, Canadian, Bloomberg, Trump, Getty, Deutschland, Kremlin, Parliamentary, United, Brothers Locations: Puglia, Italy, Canada, France, Germany, Japan, Bavarian, AFP, St Petersburg, Russia, Russian, St . Petersburg, Handout, Crimean, Washington, United States, British, Ukraine, Biarritz, Italian, Europe

☆ UK tech bosses urge focus on AI skills and growth in high-stakes election — no matter who wins
▼ + stars: | 2024-06-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Pa Images | Getty ImagesLONDON — British technology executives and entrepreneurs want the next government to focus on promoting skills around the development and use of artificial intelligence and growth-oriented fiscal measures. Upskilling in an AI ageOne thing U.K. tech executives are pushing for is fostering innovation in artificial intelligence and cultivating citizens' grasp on AI-centric skills — across multiple generations. Last month, dozens of business executives, entrepreneurs, and investors signed an open letter stating their support for Labour in the upcoming election. Leon Neal | Getty Images News | Getty ImagesSignatories included several influential names in the world of U.K. tech: Wikipedia founder Jimmy Wales, Founders Forum co-founder Jonathan Goodwin, and Atom Bank CEO Mark Mullen. Tech bosses CNBC spoke with found themselves unable to point to specific policies and plans from either of the main political parties.

Persons: Rishi Sunak, Sir Keir Starmer, Keir Starmer, Zahra, Salesforce, Einstein, Astro, Matthew Houlihan, Rachel Reeves, Angela Rayner, Leon Neal, Jimmy Wales, Jonathan Goodwin, Mark Mullen, Sunak, Liz Truss, Jeremy Hunt, Danny Lawson, Rishi Khosla, Khosla Organizations: Conservatives, Labour Party, LONDON, it's, Labour, CNBC, Innovation, Cisco, coy, Centre, Getty, Founders Forum, Atom Bank, BAE Systems, Tech Locations: Downing, Salesforce's, Europe, Purfleet, United Kingdom, Ukraine, British, Barrow, Furness, England

☆ The biggest threat to the dollar isn't other countries but America's own dysfunction, think tank experts say
▼ + stars: | 2024-06-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Foreign de-dollarization efforts are unlikely to spur the greenback's demise. Instead, internal dysfunction could cut into the dollar's dominance, two think tank experts wrote in the FT.That's because the US's global and economic power are the basis for the currency's might. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWhile they've grabbed a lot of attention, foreign efforts to advance the trend are questionable at best, Kamin and Sobel wrote. Amplifying de-dollarization is rising trade protectionism and the potential for unilateral financial sanctions.

Persons: —, Steven B, Kamin, Mark Sobel, they've, Sobel, bode Organizations: Service, Financial Times Locations: Russia, Ukraine

☆ The E.U. Is Voting. It’s Never Mattered More.
▼ + stars: | 2024-06-07 | by ( Matina Stevis-Gridneff | ) www.nytimes.com time to read: +1 min

It’s tempting to dismiss the European Parliament elections as the most important elections that don’t actually matter. Hundreds of millions of voters across 27 nations will turn out this weekend to cast their ballots, but the European Parliament is the least powerful of the European Union institutions. Its 720 members have limited powers, and, while a few are ascendant stars, a few are retired politicians, or even criminals. The Parliament that emerges from these elections, weak though it may be, will serve as a brake or accelerator for the crucial policies that will help shape Europe’s immediate future. In the five years since the last election, the bloc jointly bought Covid-19 vaccines and started a massive economic stimulus program to recover from the pandemic.

Organizations: European Union Locations: Russia, Ukraine

☆ U.S. economic engagement in Indo-Pacific 'isn't about China,' Commerce Secretary Raimondo says
▼ + stars: | 2024-06-07 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

watch nowAmerica's economic engagement in Indo-Pacific "isn't about China" but for strengthening U.S. presence in the region, Commerce Secretary Gina Raimondo told CNBC. President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity, involving14 countries, about two years ago, for economic and trade cooperation among the member states. Raimondo underscored the U.S doesn't stop countries in the region from deepening their own economic ties with China. "They all do trade with China, they all trade in EVs with China … that's fine." She added the U.S. was also "massively ramping" up its economic support in the region by providing technology, technical assistance and capital.

Persons: Gina Raimondo, Joe Biden, Raimondo, CNBC's Eunice Yoon, Lawrence Wong Organizations: CNBC, Prosperity, Commerce Department, Singapore's, U.S . Commerce Locations: China, U.S, Singapore, United States, Southeast Asia, EVs

☆ Biden’s D-Day visit may mark the end of an American era
▼ + stars: | 2024-06-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Geopolitical empires like Russia and China are, meanwhile, resurgent and threatening to obliterate the global system dominated by Western values that has prevailed since World War II. Trump’s “America First” philosophy has taken deep root in the Republican Party that once prided itself on winning the Cold War. For many years after World War II, D-Day commemorations lacked the fanfare and high diplomatic and political significance they carry today. The speech came at a particularly contentious moment in the Cold War with tensions high between Washington and the Soviet Union. The strength of America’s allies is vital to the United States, and the American security guarantee is essential to the continued freedom of Europe’s democracies.

Persons: Joe Biden, Adolf Hitler’s, Donald Trump’s, he’d, Biden, Vladimir Putin, Washington, autocrats . Biden, they’d, ’, ”, George H.W, George H.W . Bush, Trump’s, Trump, Charles Kupchan, “ It’s, Franklin Roosevelt, Dwight Eisenhower, Volodymyr Zelensky, Hitler, Putin, Britain’s, Charles III, Queen Elizabeth II, Emmanuel Macron, Ronald Reagan, Reagan, ” Reagan, Mikhail Gorbachev, “, “ We’ve Organizations: CNN, NATO, Republican Party, GOP, District of Columbia, Council, Foreign Relations, Ukrainian, Soviet, US Army Rangers, Rangers, Soviet Communist Party Locations: Normandy, France, Ukraine, Russia, China, Germany, Japan, United States, Europe, British, Omaha Beach, “, George H.W ., Iraq, Afghanistan, Paris, Pointe, Omaha and Utah, Pointe du Hoc, Washington, Soviet Union, America

☆ House Speaker Mike Johnson says Trump right on trade and immigration, but won't commit to policy
▼ + stars: | 2024-06-04 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

But as the speaker of the House and the leader of my party in the Congress, I'm going to be very careful about what I commit to on the front end." But I certainly have great respect for what President Trump did," Johnson said during the CNBC appearance. But on immigration, another top issue for Trump, Johnson again pushed back against committing to policy. I mean, I think that's right. Because of redistricting and gerrymandering, we're probably going to have small majorities on one side or the other for the foreseeable future.

Persons: Mike Johnson, Donald Trump, CNBC's Eamon Javers, Johnson, I'm, reflexively, Trump, Joe Biden, Javers, Jay Powell Johnson, Jerome Powell, Powell, they're, It's, we're, who's Organizations: CNBC, Summit, Washington , D.C, Trump, Reagan Republican, Federal Reserve, Capitol, Republican, Committee, Biden Locations: Manhattan, New York, Washington ,, lockstep, China, .

☆ Trump campaign and RNC say they raised $141 million in May
▼ + stars: | 2024-06-03 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Former President Donald Trump's campaign and the Republican National Committee announced Monday that the two entities together raised $141 million in May. The Trump campaign said it raised $34.8 million in less than seven hours after the New York jury's verdict was announced. The Trump campaign said that accounts for just over 37% of their May haul. Therefore, I am supporting former President Trump in this coming election," Leone said in a post on X. To date, according to the official records, Trump's campaign has raised $120 million in the 2024 election cycle, while Biden's campaign has brought in $195 million, according to data from OpenSecrets.

Persons: Donald Trump, Donald Trump's, Trump, Joe Biden's, Stormy Daniels, Doug Leone, Leone, Donald J, Susie Wiles, Chris LaCivita, Biden Organizations: U.S, Republican, Republican National, Trump, RNC, The Trump, Trump . Venture, Capitol Locations: Windham , New Hampshire, York, OpenSecrets

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