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☆ Trump's increasing election odds after debate already affecting financial markets
▼ + stars: | 2024-07-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Financial markets are slowly starting to absorb the possibility that what was once a toss-up presidential election campaign has taken a notable turn. That has put investors in a quandary of how to handicap what a Trump presidency would look like from an economic and market standpoint. .SPX mountain 2024-06-28 S & P 500 performance since the debate However, the bond market has had a bit more of a reaction. The first Trump presidency and some of his campaign rhetoric nevertheless has led to guesswork about what could be ahead. "This particularly favors financials and there will be an expectation of more M & A approval in a Trump presidency.

Persons: Joe Biden, Donald Trump, specter, Biden, Trump, Mark Malek, Siebert AdvisorNXT, Handicapping, Michael Hartnett, Hartnett, Ed Mills, Raymond James, Kamala Harris, Harris, Chris Krueger, TD Cowen, Krueger, ABC's George Stephanopoulos, —, Sarah Min Organizations: Republican, Trump, Treasury, Bank of, White, Reading, New York Times, Biden, Democrat Locations: Washington

☆ Some Republicans worry a Biden replacement could make the race 'dramatically different' for Trump
▼ + stars: | 2024-07-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Sen. Lindsey Graham, a South Carolina Republican and longtime Trump ally, on CBS' "Face the Nation with Margaret Brennan" Sunday said a new Democratic challenger would make the race "dramatically different" for Trump. "As a human, it's probably good for Joe Biden that he's now probably not going to have to be subjected to this another four years. "Virtually any Democrat that potentially replaces Biden has an exponentially better chance of defeating Trump," the senior House GOP aide told Fox News. AdvertisementWhen Business Insider reached out for comment, representatives for Trump pointed to a recent post on Truth Social in which Trump urged Biden to stay in the race. "Crooked Joe Biden should ignore his many critics and move forward, with alacrity and strength, with his powerful and far reaching campaign," Trump's post, published Saturday, read.

Persons: —, Donald Trump, Joe Biden, Sen, Lindsey Graham, Trump, Margaret Brennan, Biden, Kamala Harris, Graham, Harris, South Carolina Sen, Tim Scott, Doug Burgum, Florida Sen, Marco Rubio, Ohio Sen, JD Vance, it's, he's, It's, Biden's, Crooked Joe Biden, Sleepy Joe Organizations: Service, GOP, South Carolina Republican, CBS, Democratic, Trump, Business, South, Tim Scott , North Dakota Gov, Fox News, Republican, Biden, Republican Party, MAKE Locations: South Carolina, Tim Scott , North, Florida, Ohio, MAKE CHINA

☆ Sykes Faces Challenge in Ohio as Black Democrats Push to Hold White Districts
▼ + stars: | 2024-07-06 | by ( Robert Jimison | ) www.nytimes.com time to read: +1 min

When Representative Emilia Sykes arrived at the regional airport in Akron on a recent Thursday morning to meet with dozens of local elected officials, she was the only Black person in the room. It wouldn’t be long before two others took seats in the audience, but it soon became clear that they were both related to her. Ms. Sykes briefly interrupted her remarks to welcome her parents: Vernon Sykes, a state senator, and Barbara Sykes, who sits on the Akron School Board. It is the kind of room that Ms. Sykes, 38, a first-term Democrat, is familiar with as one of only about a dozen Black members of Congress representing a majority-white district. challenger, Kevin Coughlin, who is white, is a former state lawmaker who is well known in Akron politics.

Persons: Emilia Sykes, Sykes, Vernon Sykes, Barbara Sykes, Kevin Coughlin Organizations: Akron School Board, Democratic, Republicans Locations: Akron

☆ Why you’re seeing lots of teens at work this summer — but still so many empty lifeguard chairs
▼ + stars: | 2024-07-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

New York CNN —Your kid’s summer camp is likely fully staffed. The shift is a refreshing change after the pandemic drove many teens away from working during their summer breaks. “Now I’m seeing parents pushing their kids to work again,” said Pritikin, who employs around 350 staff members each summer. Ten years ago, high school-aged camp staff made around $1,000 for an entire summer. Lifeguards prepare for the opening of the Astoria Pool in the New York City borough of Queens on June 27, 2024.

Persons: They’re, ”, Paul Harrington, That’s, it’s, Eric Brotherson, “, Brotherson, he’s, Andy Pritikin, Pritikin, weren't, Frank Burkhauser, Harrington, ” Andrew Challenger, Joshua A . Bickel, Eric Adams, Spencer Platt, Gregg McQueen, We’ll, ” McQueen, Adams, Tom Gill, ” Gill Organizations: New, New York CNN, Rhode Island College, Glenwood, Colorado Rockies, Liberty, Challenger, YMCA Camp Kern, American Lifeguard Association . New, New York City, CNN, United States Lifesaving Association, “ Lifeguard Locations: New York, Glenwood, Glenwood Springs , Colorado, rollercoasters, Liberty Lake, Bordentown, Mansfield Township , New Jersey, Oregonia , Ohio, American Lifeguard Association . New York City, New York City, Queens

☆ What to expect from the June jobs report
▼ + stars: | 2024-07-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

That said, the job market of today is far different than it was 30 months ago. “The labor market has normalized,” Luke Tilley, Wilmington Trust’s chief economist, told CNN in an interview. As such, Friday’s report could provide a crucial signal as to whether the jobs market is at a stable or even pre-pandemic state — or is perhaps weaker than advertised. The continued upswing in claims has Tilley closely watching an underlying datapoint of the monthly jobs report: Unemployed persons by reason for unemployment. The overall labor force participation rate dipped in May to 62.5% from 62.7%, reversing progress made earlier this year.

Persons: don’t, ” Luke Tilley, ”, Nela Richardson, ” Dean Baker, aren’t, Tilley, ” Tilley, That’s, Julia Pollak, ” Pollak, Rachel Sederberg, Joe Biden, Donald Trump, Biden, Jerome Powell, Powell, “, can’t, Lightcast’s Organizations: CNN, Bureau of Labor Statistics, Center for Economic, Policy Research, of Labor, Challenger, ZipRecruiter, ”, CNN Business, Workers, Federal Reserve, Labor Locations: Wilmington, “, Portugal

Now, with Biden facing an increasingly uncertain political future amid the fallout from his shaky debate performance, Republicans are trying to determine what the Democratic incumbent stepping aside would actually mean for the Trump campaign. “Chaos is our friend,” a person close to Trump said. Even if Biden is not the Democratic nominee, the Trump campaign believes the issues likely to decide the election will remain the same. After Carlson suggested Harris would replace Biden on the Democratic ticket, Trump predicted: “Not really. One Trump adviser told CNN the Democratic handwringing had been expected to blow over within a week.

Persons: Donald Trump, Joe Biden, Trump, Biden, ”, Kamala Harris, MAGA, Harris, Chris LaCivita, Susie Wiles, ’, pollster, Gretchen Whitmer, Arizona Sen, Mark Kelly, Josh Shapiro, Gavin Newsom, they’re, “ We’re, Ron DeSantis, Nikki Haley, didn’t, Tucker Carlson, Carlson, Trump’s, Democratic handwringing, “, Crooked Joe Biden, ” LaCivita, Wiles, Joe Biden’s, “ I’m, Mike Howell, ” Howell, Rick Hasen, ” Hasen, “ Joe Biden, Betsy Klein, Kate Sullivan Organizations: CNN, Democratic, Biden, Trump, Inc, “, Republican National Committee, Michigan Gov, California Gov, Republicans, Florida Gov, South Carolina Gov, Heritage Foundation, Wisconsin –, UCLA Locations: New Jersey, Arizona, Pennsylvania, California, Florida, Georgia, Nevada, Wisconsin

☆ The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says
▼ + stars: | 2024-07-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Give it another two or three years — that's when the real estate market gets hit the most." Meanwhile, the fallout in the commercial real estate sector could be more severes. However, banks, bearing huge losses in their mortgage and commercial real estate portfolios, will be more hesitant to lend, weighing on demand and causing real estate prices to plunge. Advertisement"It's possible we'll see a 50% [correction] in some spots, but I would say somewhere around a 30% correction in real estate," Vermeulen said of real estate investments. Those losses could take seven to 10 years to recover from, he said, due to the long nature of real estate cycles.

Persons: —, Chris Vermeulen, Vermeulen, — that's, Vermueule Organizations: Service, Traders, Business, Census, Challenger, Bloomberg, National Association of Realtors

☆ The real-estate market is in for sharp correction with losses that could take a decade to recover from, strategist says
▼ + stars: | 2024-07-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Give it another two or three years — that's when the real-estate market gets hit the most." The fallout in the commercial real-estate sector could meanwhile be more severe. But banks, bearing huge losses in their mortgage and commercial real-estate portfolios, will be more hesitant to lend, weighing on demand and causing real-estate prices to plunge. Advertisement"It's possible we'll see a 50% [correction] in some spots, but I would say somewhere around a 30% correction in real estate," Vermeulen said of real-estate investments. Those losses could take seven to 10 years to recover from, he said, because of the long nature of real-estate cycles.

Persons: —, Chris Vermeulen, who's, Vermeulen, — that's Organizations: Service, Traders, Business, Census, Challenger, Bloomberg, Fed, National Association of Realtors

☆ Why Jill Biden is unlikely to convince Joe to step down, despite mounting pressure
▼ + stars: | 2024-07-02 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Jill Biden — the president's wife of 47 years — responded to criticism of her husband's age at a Manhatten fundraiser on Friday, saying the 81-year-old is "not a young man." "When he gets knocked down, Joe gets back up, and that's what we're doing today," Jill said, according to The Washington Post. Jill Biden has always publicly supported the president. However, she added that Jill and the wider Biden camp's unwavering support could be more harmful than helpful. She said this mindset extends to the Democratic party, adding that many will automatically support Biden because of a "genuine fear" that the party doesn't stand a chance with a replacement nominee.

Persons: —, Jill Biden —, Joe, Jill, he's, Michael LaRosa, Biden, Margaret Thatcher, Neil Kinnock, LaRosa, Katie Rogers, Jill Biden, Megan Varner, Hillary Clinton, Rogers, Andrew Payne, Mrs Biden, Nadia Hilliard, Hilliard, Joe Biden, Justin Sullivan, Jen O'Malley Dillon, Biden's, Quentin Fulks, Payne Organizations: Service, The Washington, Business, Vogue, New York Times, United Kingdom Labour, Times, Business Insider, The New York Times, City University of London, University College London, UCL, Democratic, Trump

☆ Wimbledon 2024: Can Carlos Alcaraz and Markéta Vondroušová defend their titles?
▼ + stars: | 2024-06-30 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

Last year, Carlos Alcaraz downed Novak Djokovic in a five-set thriller in the men’s final, while Markéta Vondroušová became the first unseeded woman in history to win the Wimbledon title after beating Ons Jabeur. Reaching the quarterfinal of the French Open will have been a confidence boost, despite being comfortably beaten by Iga Świątek. Novak Djokovic was forced to withdraw from the French Open with a knee injury. 1 in the world rankings after his run to the semifinals at the French Open, where he was defeated in a five-set thriller by eventual winner Alcaraz. Her career struggles on grass are curious, especially given that she won the Junior Wimbledon title in 2018 for the only grand slam title of her junior career.

Persons: Carlos Alcaraz, Novak, Markéta Vondroušová, Alcaraz, Jannik, Roland, Argentina’s Francisco Cerúndolo, Jack Draper, Adrian Dennis, Draper, Mark Lajal, Vondroušová, Dayana Yastremska, Iga Świątek, Vondroušová’s, Rebeka, Anna Kalinskaya, Jessica Bouzas, Novak Djokovic, Roger Federer’s, Djokovic, Ibrahim Ezzat, hasn’t, Sinner, Świątek, Glenn Gervot, Roland Garros, Świątek hasn’t, America’s Sofia Kenin, Elena Rybakina, Aryna Sabalenka, Coco Gauff Organizations: CNN, Wimbledon, All England Club, Djokovic, Getty, Stuttgart, Vondroušová’s Wimbledon, Bad, Cerúndolo, Australian, Junior Wimbledon, America’s Sofia Locations: Indian Wells, British, AFP, Czech, Berlin, Alcaraz’s, SW19, Halle

CNN —A major Supreme Court ruling Friday that shifted power from the executive branch to the judiciary stands to transform how the federal government works. By overturning a 1984 precedent, the court’s conservative majority has made countless regulations vulnerable to legal challenge. The Supreme Court ruling could boost efforts by conservatives who have taken aim at the Biden Environmental Protection Agency’s rules limiting planet-warming pollution from vehicles, oil and gas wells and pipelines, and power plants. The ruling has injected legal uncertainty into regulations of all types, including those on technology, labor, the environment and health care. But the Supreme Court has yet to decide a case heard this term that might gut that limitation.

Persons: ”, Kent Barnett, —, Thomas Berry, John Roberts, Roberts, Elena Kagan, Sonia Sotomayor, Joe Biden, Shawn ThewPool, Adam Rust, ” Rust, Andrew Schwartzman, Alexander MacDonald, ” MacDonald, Sharon Block, ” Block, Biden, Andrew Twinamatsiko, ” Twinamatsiko, “, Paul Gallant, TD Cowen, David Vladeck, Chevron —, Ann Carlson, Carlson, David Doniger Organizations: CNN, Biden, University of Georgia School of Law, Chevron, Natural Resources Defense, Republican, Democratic, Cato Institute . Chief, State of, Consumer, Consumer Financial Protection Bureau, Federal Trade Commission, Consumer Federation of America, “, Supreme, Securities, Exchange Commission, Benton Institute for Broadband & Society, Department of Labor, National Labor Relations Board, Opportunity Commission, Harvard Law School, Center, Labor, American Cancer Society, US Food and Drug Administration, US Department of Health, Human Services, Medicare, Services, Medicaid, Human Services Department, HHS, O’Neill Institute for National, Global Health Law, Georgetown University, FDA, Federal Communications Commission, EPA, National, Traffic Safety Administration, University of California, Natural Resources Defense Council Locations: Obamacare, Chevron, State, Washington , DC, Texas, Littler, Los Angeles

☆ Khamenei protégé, sole moderate neck and neck in Iran presidential race
▼ + stars: | 2024-06-29 | by ( ) www.cnbc.com time to read: +2 min

A citizen is seen in front of the candidates posters for the 14th presidential elections on the streets ahead of the early presidential election in Tehran, Iran on June 27, 2024. A low-key moderate and a protégé of Iran's supreme leader are neck-and-neck in the vote count in snap presidential elections marked by voter apathy over economic hardships and social restrictions. More than 14 million votes have been counted so far from Friday's vote, of which the sole moderate candidate Massoud Pezeshkian had won over 5.9 million votes and his hardline challenger former nuclear negotiator Saeed Jalili over 5.5 million, provisional results by the interior ministry showed. The clerical establishment sought a high turnout to offset a legitimacy crisis fuelled by public discontent over economic hardship and curbs on political and social freedom. The next president is not expected to usher in any major policy shift on Iran's nuclear programme or support for militia groups across the Middle East, since Khamenei calls all the shots on top state matters.

Persons: Massoud Pezeshkian, Saeed Jalili, Ebrahim Raisi, Ali Khamenei, Khamenei Locations: Tehran, Iran, Israel, Gaza, Hezbollah, Lebanon

U.S. President Joe Biden attends the first presidential debate hosted by CNN in Atlanta, Georgia, U.S., June 27, 2024. Schumer was worried before the debate that Biden and Trump were in statistical tie nationally, despite the Republican challenger's conviction in his New York criminal hush money trial. "We've got to get out the vote for Joe Biden, Kamala Harris, and a Democratic Senate and House!" "Vice President Harris is a risky choice, but certainly has the visibility and is the logical choice," said Bose. Biden has won nearly all of the roughly 4,000 Democratic pledged delegates, far exceeding the threshold to make him the party nominee.

Persons: Joe Biden, Marco Bello, Joe Biden's, –, Donald Trump, Biden, Chuck Schumer, Saul Loeb, Schumer, Trump, We've, Kamala Harris, Meena Bose, Peter S, Bose, Anna Moneymaker, Harris, Gavin Newsom, Ohio Sen, Sherrod Brown, J.B . Pritzker, Marco Bello Marco Bello Organizations: CNN, Democratic, Trump, Senate Democratic, Capitol, AFP, Getty, Republican, CNBC, Kalikow, American, Hofstra University, U.S, Democratic National Convention, Biden, California Gov, Illinois Gov, California, REUTERS Locations: Atlanta , Georgia, U.S, Washington , DC, New York, Long, California, Ohio, Illinois

☆ Democrats are freaking out after Biden's debate performance
▼ + stars: | 2024-06-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Read previewPresident Joe Biden wanted the earliest major presidential debate in history. Biden turned in a performance so disastrous that prominent Democrats are questioning if the president can even go on. Advertisement"It was a really disappointing debate performance from Joe Biden," Kate Beddingfield, Biden's former White House communications direction, said shortly after Axelrod. I loved Joe Biden, I worked for Joe Biden," Jones said. Related storiesOne former White House aide told Politico that Biden's performance was "terrible."

Persons: —, Joe Biden, Biden, Obama White, David Axelrod, Axelrod, Biden's, Kate Beddingfield, Van Jones, Jones, Kamala Harris, Harris, Anderson Cooper, Donald Trump, Robert Hur, Michael Hardaway, Hakeem Jeffries, — Michael Hardaway, Quentin James, James, Andrew Yang, it's, Eugene Daniels, wasn't, Biden relishes, Hur, Obama didn't, Obama's, David Plouffe Organizations: Service, Fox News, Obama, CNN, Business, White House, Major, Trump, White, Politico, Union, Collective PAC, New York Times, Times, Democratic, Georgia Tech's Locations: Iowa, Georgia

☆ Opinion: The real loser in the first presidential debate
▼ + stars: | 2024-06-28 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +28 min

CNN —CNN Opinion asked political contributors to weigh in on the first presidential debate of the 2024 race. On the other hand, President Joe Biden did not meet expectations and may have increased concerns about his age and ability to lead for another four years. Debates are always more about style than substance, and President Joe Biden’s style was simply awful. Did President Joe Biden come off as a leader or a loser? And yes, the visuals in this first presidential debate of the cycle were phenomenally important.

Persons: Ana Marie Cox, Joe Biden’s, Donald Trump, Biden, Ana Marie Cox Faith Fonseca, Trump, mumbling, I’m, Shermichael Singleton, Joe Biden, Paul Begala, ” “, ” Paul Begala, meandered, —, Republicans — Biden, Bill Clinton’s, Clinton, Jeff Yang, Jeff Yang CNN, — Biden, Joe, Bruce, ”, “, ” Patrick T, Brown, Biden’s, Dobbs, Roe, Wade, Patrick T, CNN’s Dana Bash, David Mark, there’s, Kamala Harris, Harris, Nikki Haley, ” Geoff Duncan, Geoff Duncan Alex Slitz, Geoff Duncan, Peter Bergen, Abu Bakr al, General Qassem Soleimani, It’s, ” Susanne Ramirez de Arellano, Susanne Ramirez de Arellano Frank Moya, Biden “, ” Trump, Susanne Ramirez de Arellano, Roxanne Jones, Democrats — Biden, Nobody, Jones, Lanhee J, Chen, Chen Lanhee J . Chen, David, Diane Steffy, Romney, Ryan Organizations: CNN, Democratic Party, Biden, Trump, “, Global, Democrats, ” Paul Begala CNN, Republicans, Democratic, sonics, Public Policy Center, Economic, Republican, South Carolina Gov, Democratic National Convention, Washington, Peter Bergen CNN, US Border Patrol, ISIS, Islamic, Guards, Force, Walmart, New America, Capitol, New, Arizona State University, Social Security, Medicare, UCLA, Politics Initiative, America, Tonight, Univision Puerto Rico, ESPN, New York Daily News, Philadelphia Inquirer, Public Policy, Hoover Institution Locations: Texas, Austin, America, Asian America, Washington , DC, bravura State, Canada, Abu, Uzbek, Manhattan, El Paso , Texas, New America, United States

Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services. Seed-stage startups will still be eligible for $100,000 in credits, AWS said. But Microsoft Azure and Google Cloud are growing more quickly, and are benefiting from rapidly advancing AI models. During Selipsky's time at the helm, Microsoft and Google increased their share of the cloud infrastructure market. Participants will be able to access up to $1 million in cloud credits, according to the website.

Persons: Matt Garman, Garman, Garman's, OpenAI, Anthropic, Adam Selipsky, Grant, Amazon's, Rohit Prasad, David Luan Organizations: Amazon Web, CNBC, Microsoft, AWS, Google, Gemini Locations: Las Vegas, Silicon, Silicon Valley

Former President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on Thursday, June 27. Austin Steele/CNN Trump and Biden were debating each other for the first time since 2020. Austin Steele/CNN Biden's campaign won a coin toss before the debate to choose which side he would stand on. Austin Steele/CNN Biden addresses Trump directly during the debate. Austin Steele/CNN Biden answers an early question.

Persons: Joe Biden, Donald Trump ., Biden, Trump, “, ” Trump, he’d, it’s, ” Biden, Biden’s, Hunter, Stormy Daniels, Trump’s, Jake Tapper, Dana Bash, Roe, ”, Tristen Rouse, Joe, – Biden flailed, Austin Steele, We’d, Herbert Hoover, David, “ I’ve, Beau, Daniels, Trump “, Wade, “ It’s, Israel, –, Donald Trump, Will Lanzoni, Jill Biden, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, CNN Biden, CNN Tapper, Robert F, Kennedy Jr, Kennedy, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Vladimir Putin, Putin, we’ve, I’m, Hillary Clinton –, South Carolina Republican Sen, Tim Scott, – Biden, freefall ”, Tapper – Organizations: CNN, Biden, Trump, Democratic, ABC, ”, Atlantic, Capitol, Capitol Hill, US Supreme Court, CNN US, House, CNN Biden's, CNN Biden, Atlanta, White House, Getty, Reuters, NATO, Ukraine, Western Europe, South Carolina Republican, Blacks, Trump – Locations: Atlanta, Washington ,, America, Iraq, United States, Israel, Gaza, Palestinian, Georgia, CNN's, AFP, Afghanistan, Russian, Ukraine, Iran, Wisconsin , Michigan, Pennsylvania, North Carolina, South, freefall, Covid

☆ A timeline of Elon Musk's political stances and donations before his latest embrace of the Republican Party
▼ + stars: | 2024-06-27 | by ( Jake Lahut | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +10 min

And as one of the richest and most powerful people in the world, Musk's political stances carry a great weight. Musk's political donations dating back to 2002 fit neatly into just a single landing page on OpenSecrets, a nonprofit organization that tracks money in politics. AdvertisementThough Musk historically hasn't been big on political donations, he's publicly said that he weighs in on politics when it could affect his businesses. Musk's political coming of age during the pre-social media era remains much of a mystery. His latest donations have all been to Republican candidates and causes, with Sen. Chris Coons of Delaware being the last Democrat to receive any Musk donations back in 2020.

Persons: —, Elon, hasn't, that's, he's, Trump, Joe Biden, Donald Trump, Musk, Elon Musk, Paul Harris, Errol —, Ashlee Vance's, Musk's, Andrew Panzera, Tesla, Martin Eberhard, Marc Tarpenning, Trump Tesla, Alex Brandon Musk, George W, Bush, John Kerry, Barack Obama, Hillary Clinton, Clinton, Sen, Chris Coons, Rex Tillerson's, Hillary Clinton's, Marc Piasecki, Ron DeSantis, DeSantis, Biden, Nelson Peltz, MAGA, — Musk Organizations: Service, SpaceX, Business, White, Tesla, Getty, Pretoria City Council, Progressive Party, New York Times, Times, PayPal, Trump, Donald Trump AP, Democratic, California Democrats, National Republican Congressional, GOP, Republican, Elon, State, Paris Climate, America, NASA, Biden's, Cannes Lions, Democratic Party, Republican Florida Gov, Twitter Locations: Africa, Los Angeles, Republic of South Africa, Pretoria, South Africa, Canada, Johannesburg, Silicon Valley, California, Sens, Delaware, Paris, Texas, Musk's Texas

☆ Americans are finding it harder to get a new job
▼ + stars: | 2024-06-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

CNN —Americans are staying unemployed for longer, the latest Labor Department data shows, in a reflection of a slowing economy. The number of Americans receiving jobless benefits for multiple weeks climbed to its highest level since November 2021, according to a Department of Labor report released Thursday. While the number of initial claims remains near pre-pandemic levels (but well below historical averages), they’ve moved higher in recent weeks. Weekly jobless claims data, which is looked at as a proxy for layoff activity, can be highly volatile and is frequently revised. Still, the trend as of late has been an upward one, economist Ian Shepherdson wrote in a note to clients Thursday.

Persons: they’ve, Ian Shepherdson, Shepherdson, ”, “ Organizations: CNN, Labor Department, Department, Labor, Pantheon, Federal, Consumer

CNN —The confrontation in Atlanta between Joe Biden and Donald Trump Thursday night has a good chance of becoming the most fateful presidential debate in US history. The momentous nature of this debate can only be fully understood against the backdrop of the unprecedented politics of the times. But the tension surrounding this year’s first debate in June, rather than in September or October as usual, is palpable. “The closer the election, the greater the chance that a debate could influence it,” said Aaron Kall, director of debate at the University of Michigan, who has conducted an in-depth study of every presidential debate. Biden has raised the stakes for himself heading into the debate higher than those any modern president faced.

Persons: Joe Biden, Donald Trump, it’s Biden’s, he’s, Sen, John F, Kennedy, Richard Nixon, John Kerry, George W, Bush, Mitt Romney, Barack Obama, Douglas Brinkley, CNN’s Wolf Blitzer, Biden, Trump, —, Al Gore’s, George H.W, ”, Aaron Kall, David, Ohio Sen, J.D, Florida Sen, Marco Rubio, He’s, David Biden’s, Ron Klain, ” Biden, Hunter, Bob Bauer, Dana Bash, Jake Tapper, It’s, they’ve, assail Biden, ” Trump, it’s, Terry Szuplat, ” Szuplat, CNN’s Kasie Hunt Organizations: CNN, Massachusetts Gov, University of Michigan, Biden, Ohio, White House, Trump, GOP, Truth Locations: Atlanta, America, New York, Vance, Florida, Maryland

President Joe Biden speaks during a campaign rally at Girard College in Philadelphia, Pennsylvania on May 29. Andrew Harnik/Getty ImagesAt tomorrow’s CNN debate, President Joe Biden is planning to attack his predecessor as being unfit for office and unworthy of representing the United States on the world stage. Faiz Shakir, Sanders’s 2020 campaign manager, told CNN it was a smart and effective strategy that earned a lot of media coverage, because of the nature of the announcement. “It works when you have actually relevant and new info to share, whenever that is,” Shakir told CNN. Democrats’ 2024 platform is still being drafted by the Biden campaign and Democratic National Convention operatives, sources say, making it more likely a later debate sees a heavier focus on policies and personnel.

Persons: Joe Biden, Andrew Harnik, Sen, Bernie Sanders, Biden, –, ” Biden, Faiz Shakir, Sanders’s, ” Shakir, Trump Organizations: Girard College, CNN, Democratic, Supreme, Univision, Democratic National Convention Locations: Philadelphia , Pennsylvania, United States, Washington ,

☆ Nvidia challenger Groq is set to double its valuation to $2.5 billion in fresh funding round led by Blackrock
▼ + stars: | 2024-06-26 | by ( Ben Bergman | ) www.businessinsider.com time to read: +1 min

It is set to be valued at $2.5 billion in a funding round led by Blackrock, according to sources. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGroq, a scrappy challenger to Nvidia that is developing chips powering artificial intelligence, is set to be valued at $2.5 billion in a new funding round led by Blackrock, according to multiple sources. Groq has been rumored to be raising a new round and recently hired Morgan Stanley to help raise $300 million in new funding, the Information previously reported last month. The valuation and lead investor have not been previously reported.

Persons: Groq, —, Morgan Stanley Organizations: Blackrock, Service, Nvidia

☆ Crypto industry super PAC is 33-2 in primaries, with $100 million for House, Senate races
▼ + stars: | 2024-06-26 | by ( Emily Wilkins | ) www.cnbc.com time to read: +6 min

Yet crypto's Fairshake PAC also got into the race and spent $2 million to air an ad critical of Bowman. But it's not just money that the crypto industry plans to deploy this fall. Jordan Vonderhaar | Bloomberg | Getty ImagesThe effort is also meant to showcase a matured crypto industry. Meanwhile, Democratic incumbent Sen. Jon Tester told "Meet the Press" in 2022 that crypto did not "pass the smell test." Tester told reporters that he is keeping an open mind about several crypto bills before the Senate.

Persons: Jakub Porzycki, Jamaal Bowman, George Latimer, Israel, crypto's, Bowman, Fairshake, glided, John Curtis, Jamal Bowman, Evelyn Hockstein, Andreesen Horowitz, Coinbase, it's, Crypto, Brad Garlinghouse, Garlinghouse, Jordan Vonderhaar, Sam Bankman, Faryar Shirzad, Goldman Sachs, Sherrod Brown, Republican Bernie Moreno, Tim Sheehy, Sen, Jon Tester, Tester, Brett Kavanaugh, Kavanaugh, Mike Segar Organizations: Nurphoto, Getty Images WASHINGTON, Fairshake PAC, Westchester, Republicans, Democrats, Republican, United States Capitol, Reuters, CNBC, Bloomberg, Getty, White, Senate, Democratic, SEC, U.S Locations: Westchester County, Bowman's, Washington, Fairshake, Austin , Texas, Ohio, Montana

☆ AIPAC is not the only reason Jamaal Bowman lost
▼ + stars: | 2024-06-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Read previewRep. Jamaal Bowman was roundly defeated in the Democratic primary for New York's 16th congressional district on Tuesday, making him the first member of the progressive "Squad" to lose reelection. AIPAC spent over $17 million on Bowman's primary. On the ground, AIPAC's offensive translated into TV ads attacking Bowman and praising Latimer, as well as a deluge of mailers at residents' doors. Congressman Jamaal Bowman won both primaries, upsetting former Congressman Eliot Engel in 2020, and beating two Westchester County legislators in 2022. Months before AIPAC began dropping millions of dollars on the race, polling already showed Bowman struggling against Latimer.

Persons: —, Jamaal Bowman, George Latimer, Latimer, Bowman, Israel —, Israel, Maxine Dexter, Susheela Jayapal, Harry Dunn, AIPAC hadn't, Sen, Sarah Elfreth, Dunn, Dave Min, Summer Lee, Lee, Eliot Engel, …, IOPvbEwSZe — Daniel Marans, Rashida Tlaib, Spencer Platt, Bowman's, Cori Bush Organizations: Service, Democratic, New, Westchester, Business, American Israel Public Affairs Committee, Israel, Democratic Party, AIPAC, Republican, Law, PAC, Responsive, Capitol Police, California House, Squad, Rep, Teach Coalition, of Justice, Capitol, West Bank, Democrats Locations: Westchester County, Gaza, Oregon's, California, Israel, Pennsylvania, Westchester, Dearborn , Michigan, Detroit, Dearborn, New York, Missouri

☆ 34 stocks ready to outperform if Donald Trump retakes the White House and implements an 'America First' policy, according to Goldman Sachs
▼ + stars: | 2024-06-25 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Even though the S&P 500 has risen under Trump and Biden, the candidates' policy differences will likely have a significant impact on which stocks outperform, according to Goldman Sachs. 34 US-focused stocks to ownTrump's so-called "America First" agenda appears to be a tailwind for companies that generate most or all of their sales in the US, according to Goldman Sachs. Kostin and his colleagues recently highlighted their domestic sales basket, which comprises 50 stocks in the S&P 500 with that description. Within that group, there are 34 companies that Goldman Sachs said generated 0% of their revenue from outside the US in the last year. Below are 34 stocks that are set to outperform if Trump wins and implements tariffs, along with each stock's ticker, market capitalization, sector, and revenue from the previous 12 months.

Persons: —, Joe Biden, Donald Trump, Goldman Sachs, David Kostin, Trump, Kostin, it's Organizations: Service, Republicans, Democratic, Business, White, Biden, Trump, Goldman Locations: China

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