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☆ El-Erian, Krugman and other economists have very different opinions on China’s struggling economy
▼ + stars: | 2024-02-09 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +4 min

Chinese leader Xi Jinping said on New Year's Eve that the nation's economy had grown "more resilient and dynamic this year." Meanwhile, famed hedge fund manager and founder of Dallas-based Hayman Capital Kyle Bass said the country's heavily indebted property market has triggered a wave of defaults among public developers. That's a problem, given China's real estate market can account for as much as a fifth of the nation's GDP. "This is just like the U.S. financial crisis on steroids," Bass said, referring to China's default-ridden property market. The Institute of International Finance said Beijing has the policy capacity to push China's economy toward its growth potential and stuck to its above consensus forecast for 2024 growth at 5%, in a recent blog post.

Persons: Eswar Prasad, Mohamed El, Xi Jinping, there's, Paul Krugman, Krugman, Kristalina Georgieva, Hayman, Hayman Capital Kyle Bass, Bass, isn't Organizations: Future Publishing, CSI, China's National Bureau, Statistics, Allianz, International Monetary Fund, Nikkei, New York Times, Monetary Fund, Economic, IMF, Dallas, Hayman Capital, of International Finance Locations: Jiangsu, China, Nikkei Asia, U.S, Europe, tatters, Davos, Beijing

☆ Opinion: ‘Lisa Frankenstein’ is giving us a new kind of monster
▼ + stars: | 2024-02-09 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +8 min

The new “Lisa Frankenstein,” by Zelda Williams in her directorial debut, hits some of the same notes. Kathryn Newton stars as Lisa Swallows and Cole Sprouse as The Creature in LISA FRANKENSTEIN, a Focus Features release. This is where “Poor Things” and “Lisa Frankenstein” diverge. Bella Baxter in “Poor Things” starts out as a clumsy innocent, but she becomes more knowledgeable and self-confident over time. “Lisa Frankenstein” shows why that’s a loss for all of us — and Lisa is ready to cut up the patriarchy to prove it.

Persons: Noah Berlatsky, CNN —, Mary Shelley’s, Frankenstein, ”, Victor Frankenstein, —, Shelley, Noah Berlatsky Noah Berlatsky, we’ve, “ Lisa Frankenstein, Yorgos Lanthimos, Lisa Frankenstein, Zelda Williams, Diablo Cody, “, Lisa, Kathryn Newton, She’s, Carla Gugino, Liza Soberano, Cole Sprouse, Lisa Swallows, LISA FRANKENSTEIN, Michele K, “ Lisa Frankenstein ”, Bella Baxter, she’s, Bella, Williams, Mary Shelley, Lord Byron, Celine Song’s “, Emma Stone, Atsushi Nishijima, Greta Gerwig’s, Barbie, “ Barbie, It’s, Cody, he’s, wouldn’t, Lisa Frankenstein ”, Barbie ”, “ Oppenheimer, Lily, Mary Organizations: CNN, REO, Searchlight Pictures Locations: Chicago, Hollywood, Taffy’s, “, Ireland

☆ 23andMe considers splitting up company to revive stock price
▼ + stars: | 2024-02-08 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Shares of 23andMe sank 21% on Thursday, a day after the genetic testing company reported dismal fiscal third-quarter results and discussed splitting itself in two to help juice its stock price. 23andMe reported revenue of $45 million for the quarter, down from the $67 million it reported in the same period last year. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company, a deal that valued the company at around $3.5 billion. The company has launched additional therapeutics and research businesses, but its share price has tumbled more than 95% from its peak. They lowered their target price for the stock to 85 cents from 90 cents.

Persons: 23andMe, Anne Wojcicki, Sergey Brin, Forbes, Joe Selsavage, Selsavage Organizations: TechCrunch, 23andMe, Nasdaq, U.S . Securities, Exchange Commission, CNBC Disruptor, Citi, CNBC PRO Locations: San Francisco , California, 23andMe

☆ We paid the equivalent of our mortgage to send our kid to pre-K. We've finally recovered financially 4 years later.
▼ + stars: | 2024-02-08 | by ( Kinsey Gidick | ) www.businessinsider.com time to read: +4 min

I cried the day my son was accepted into a public school pre-k program. After four years of dreading his monthly Montessori school tuition, it felt like we had finally summited Mt. There I was, an alternative weekly editor, and my husband, a young high school teacher. Thus, the waterworks the day we learned our 4-year-old had been accepted to a public school via the Montessori lottery. But as all too many parents know, the high price of private day care tuition doesn't go away with the final statement of charges.

Persons: we'd, I'm, tony, doesn't Organizations: Service, Dock, Theatre Locations: Charleston, South

☆ Big Dreams Come Back to Bite New York Community Bank
▼ + stars: | 2024-02-08 | by ( Rob Copeland | Emily Flitter | ) www.nytimes.com time to read: +1 min

During last spring’s banking crisis, when a competing lender went under, New York Community Bank pounced, acquiring a big chunk of its business. The pain stems largely from a weakening commercial real estate market that impelled NYCB — which operates more than 400 branches under brands including Flagstar Bank — to admit to mounting losses. After the bank rushed to project stability, including by releasing a new set of financial disclosures on Tuesday evening that one analyst termed a “late night news dump,” shares rose 7 percent on Wednesday. Whether its efforts will stick is an open question. NYCB executives, who just a week ago had been tight-lipped about the bank’s finances, opened up the books on Wednesday and laid out turnaround plans on a public conference call.

Persons: Flagstar Bank — Organizations: New York Community Bank pounced, Flagstar Bank, Signature Bank

Nikki Haley lost to nobody in the Nevada Republican presidential primary Tuesday night – literally. Best Cartoons on the 2024 Election View All 127 Images"Looking back, I wonder if Nikki Haley regrets not debating ‘None of these Candidates,’ who handily defeated her in Nevada?" Trump gleefully exalted in Haley's humiliation in Nevada. Meanwhile, President Joe Biden, facing only nominal opposition, won the Democratic primary in Nevada resoundingly, garnering 90% of the vote. “In terms of Nevada, we have not spent a dime nor an ounce of energy on Nevada.

Persons: Nikki Haley, –, Haley, Donald Trump's, implodes, Trump, Haley –, isn't, ’, David Axelrod, Barack Obama's, Axelrod, she’ll, Joe Biden, Biden, Kamala Harris, ” Betsy Ankney Organizations: Nevada Republican, South, Silver State, Republican, GOP, Trump, ’, Democratic, Washington Post, Monmouth University Polling Institute Locations: Nevada, South Carolina, Silver, New Hampshire, Nevada resoundingly, Monmouth

☆ Exclusive: Astarte Medical is shutting down. Here's why the infant tech startup decided to close its doors.
▼ + stars: | 2024-02-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

Tracy Warren cofounded Astarte Medical in 2016 to improve care for premature babies. Astarte, which sells software to standardize nutrition for babies in intensive care units, had raised $14 million in venture funding to date and landed contracts with four hospitals. Last year, the startup wasn't able to land as many new contracts as it hoped, with hospitals struggling to manage their slim margins. But Astarte ultimately decided not to make the promise to build AI into its tech for clinical decision-making. The startup is hoping to find a buyer by the end of the first quarter of the year.

Persons: Tracy Warren, Warren, Astarte, Tammi Jantzen, Katherine Gregory, Gregory, Warren didn't, Nenov, Jantzen, —, we've, we're, Medical's Organizations: Business, Brigham, Women's, Viking Global, Ben Franklin Technology Partners, Children's, Gillette Children's Hospital, Children's Hospital, Arkansas Children's Hospital Locations: Virginia, Minnesota, Arkansas

☆ Stocks making the biggest moves premarket: Qualcomm, Merck, General Motors and more
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The stock is trading at a low multiple compared to spending, the firm highlighted as a key catalyst for investors. Nextracker — Shares of the solar technology company jumped 17% on bullish analyst notes following its strong quarterly results and guidance increase. Wolfspeed guided for fiscal third-quarter revenue of $185 million to $215 million, below the $224 million, LSEG estimate. Robinson reported 50 cents per share in adjusted earnings, while analysts expected 81 cents per share, per LSEG. The company reported $9.44 billion in revenue, while analysts surveyed by LSEG were looking for $9.70 billion.

Persons: Christopher Danely, Morgan Stanley, Nextracker, Wolfspeed, TD Cowen, ChargePoint, C.H, Robinson, Merck, company's, —, Alex Harring, Lisa Kailai Han, Tanaya Macheel, Jesse Pound, Michelle Fox Theobald Organizations: Qualcomm, Citi, General Motors, General, Barclays, Bank of America, Revenue, Merck, Japanese, Honeywell, LSEG, Norfolk Southern, Ancora Holdings, Wall Street Journal Locations: Norfolk Southern

☆ Peloton posts mixed holiday results, dismal quarterly guidance
▼ + stars: | 2024-02-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. The company issued dismal guidance for the current quarter and a tepid full-year sales outlook. For its fiscal third quarter, Peloton expects sales to be between $700 million and $725 million, compared to a Wall Street estimate of $754 million, according to LSEG. The company expects its adjusted EBITDA loss to be between $20 million and $30 million, compared to analyst estimates of a loss of $2 million, according to StreetAccount. "We saw exceptionally strong sales growth through these channels this holiday season, with Y/Y unit growth of 74% in Q2," McCarthy said.

Persons: Barry McCarthy, Liz Coddington, McCarthy Organizations: Interactive, Wall, LSEG, Sporting Goods, Dick's Sporting Goods, University of Michigan Locations: New York, Ohio

☆ A top-7% fund manager shares his strategy for winning in both up and down markets — and names 5 of his favorite stocks to buy during the rally to all-time highs
▼ + stars: | 2024-01-31 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But fund manager Mick Rasmussen of Wasatch Global Investors isn't going all-in on stocks. For this fund, buying stocks is only part of the equationAs a long/short fund manager, Rasmussen can profit from both winning and losing stocks. Rasmussen usually has 50 to 60 holdings each on the long and short sides of his fund, he said. Advertisement"We hope that regardless of what the market's doing, our stock-picking is going to be the biggest driver of performance," Rasmussen said.

Persons: —, Mick Rasmussen, there's, Rasmussen, Morningstar, Stocks, We're, Rasmussen doesn't, they're Organizations: Service, Wasatch Global Investors, Business, Wasatch, Alpha Fund Locations: Utah

☆ Samsung is optimistic about AI-driven smartphones, despite losing the top sales crown
▼ + stars: | 2024-01-31 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Samsung posted its fourth straight quarter of slumping profits on Wednesday, capping off a dismal year that also saw it lose its crown as the world’s top smartphone maker. Despite that, Samsung is optimistic about a resurgence in demand for mobile devices this year. The South Korean firm has acknowledged “lower smartphone sales” during the fourth quarter, though it noted a pickup in demand for high-end smartphones compared to the previous three months. This year, however, the market is expected to recover gradually, “despite various potential obstacles, including interest rate policies and geopolitical issues,” Samsung said in a statement Wednesday. The company managed to command higher prices for memory chips in the fourth quarter compared to the previous quarter, showing a slight “improved performance,” it added.

Persons: Hong Kong CNN —, ” Samsung Organizations: Hong Kong CNN, Hong Kong CNN — Samsung, South, Samsung, Apple, IDC Locations: Hong Kong, Seoul

☆ S&P 500 futures are little changed after Fed signals it's unlikely to cut rates in March: Live updates
▼ + stars: | 2024-01-31 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Wednesday night following a dismal day for the major averages, after Federal Reserve Chair Jerome Powell signaled a March rate cut is unlikely. S&P 500 futures and Nasdaq 100 futures rose 0.14% and 0.25%, respectively. Wall Street is coming off a poor session for the major averages. The Dow Jones Industrial Average fell 317 points, or 0.8%, posting its worst day since December. Still, the major averages closed out January on a positive note, with each of the major indexes up more than 1% for the month.

Persons: Jerome Powell, Powell, Liz Young Organizations: New York Stock Exchange, U.S, U.S . Federal, Federal, Dow Jones Industrial, Nasdaq, Qualcomm, Dow Jones, Merck, Interactive, Royal, Apple Locations: U.S ., New York, Royal Caribbean

☆ Africa Cup of Nations: After making disastrous start, host Ivory Coast is on a roll under interim coach and win over Senegal
▼ + stars: | 2024-01-30 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

“We had a difficult start, conceding an early goal, but I told the players at half-time to keep playing the same way, not get confused,” Ivory Coast interim coach Emerse Fae told reporters after the match. “There was a lot of pressure before the match, and match day was too long for me,” he said. Former Ivory Coast coach Jean-Louis Gasset was remarkably sacked during the tournament after that 4-0 defeat to Equatorial Guinea, as the team stood on the brink of an early elimination on home soil. “We must not stop here; we must continue working, maintain this morale, and keep playing match by match,” the coach asserted. Ivory Coast will now play either Mali or Burkina Faso in the quarterfinals.

Persons: Charles Konan, “, Emerse Fae, Fae, ”, Habib Diallo, Pierre Atcho, Edouard Mendy, Kenzo Tribouillard, Atcho, Franck Kessié, Senegal’s Moussa Niakhaté, Kessié, Jean, Louis Gasset, Morocco’s Organizations: CNN, Africa, of Nations, Ivory, Elephants, Senegal, Arsenal, Pepe, AFCON, Former Ivory Coast Locations: Senegal, Ivory, Egypt, Ivory Coast, Equatorial Guinea, AFP, Zambia, Mali, Burkina Faso

☆ Pfizer beats earnings estimates as declining Covid business loses less revenue than expected
▼ + stars: | 2024-01-30 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Pfizer on Tuesday posted a surprise adjusted fourth-quarter profit, as the company's declining Covid business performed better than expected. The company reversed roughly $3.5 billion in revenue related to the expected return of 6.5 million doses of its Covid drug, Paxlovid, from the U.S. government. That hit is less than the $4.2 billion Pfizer initially expected for the return of nearly 8 million doses of Paxlovid. Pfizer's Covid vaccine raked in $5.36 billion in revenue for the quarter, down 53% from the same period last year. For the fourth quarter, Pfizer booked a net loss of $3.37 billion, or 60 cents per share.

Persons: Paxlovid, That's Organizations: Pfizer, U.S ., Analysts, LSEG Locations: U.S

☆ Opinion | To Beat Trump, Joe Biden Needs a New Narrative
▼ + stars: | 2024-01-29 | by ( Chris Whipple | ) www.nytimes.com time to read: +1 min

For months, battered by President Biden’s dismal 2024 re-election polls, Democrats have been undergoing a kind of collective nervous breakdown over Mr. Biden’s re-election prospects against Donald Trump. Following Mr. Trump’s victory in New Hampshire and with the unofficial start of the general election campaign, there is no reason for the Biden team to panic. Polls at this stage of the race are almost always a referendum on the incumbent instead of a clear choice. Still, the president’s bad polls and a stubbornly low approval rating are, or should be, more than just grist for Mr. Biden’s critics. Joe Biden has yet to explain clearly why he’s running for a second term.

Persons: Biden’s, Donald Trump, Joe Biden, I’ve, —, Biden, he’s Organizations: Biden, America Locations: New Hampshire

☆ Chinese stocks are starting to turn around. How to play it
▼ + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.

Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, —, Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S

☆ After Tesla’s dismal quarter, more of the Magnificent Seven face tests next week
▼ + stars: | 2024-01-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

That comes as the rest of the “Magnificent Seven” — Nvidia, Microsoft, Meta Platforms, Amazon, Apple and Alphabet — continue climbing higher. Excluding Tesla, the Magnificent Seven is projected to report an aggregate 53.7% fourth-quarter earnings growth from the prior year, according to FactSet. Companies in the S&P 500 index are expected to report a 10.5% earnings decline minus those six firms. The “Magnificent Seven” excluding Tesla has a combined market cap of roughly $12 trillion, according to Bespoke Investment Group data through Wednesday’s close. Her firm owns all of the Magnificent Seven stocks except for Tesla.

Persons: Tesla, Howard Silverblatt, Dow, “ You’re, ”, Saira Malik, Russell, “, Shelby McFaddin, Wall, Joe Mazzola, Charles Schwab Organizations: New, New York CNN — Tech, Nvidia, Microsoft, Meta, Amazon, Apple, Companies, Big Tech, Dow Jones, Investors, Federal Reserve, Dow, Tesla, Investment, Federal, — Locations: New York

☆ A handful of space companies are running out of cash and time. Here are three at risk
▼ + stars: | 2024-01-27 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

A flurry of about a dozen space companies went public over the last few years. SidusSidus Space is a little-known space company that went the traditional IPO route in late 2021 and began trading on the Nasdaq at a near $200 million valuation. But it had less than $2 million in cash at the end of September, trading at a near $9 million valuation according to FactSet. Elsewhere in spaceA fourth space company in a potentially precarious spot is satellite imagery company Satellogic . Overall, investment in the space sector bounced back in 2023, with companies bringing in $12.5 billion in investment last year.

Persons: Here's, Momentus, there's, Sidus, Satellogic, hasn't Organizations: Astra, Astra Astra, Nasdaq, CNBC, Terran

Even as the market rallies, the latest short interest data reveals several stocks that could see losses. CNBC Pro screened FactSet data for stocks trading on the New York Stock Exchange and Nasdaq Exchange with the most short interest as of Jan. 12. Lucid Group , another EV maker, saw short interest increase to about 29% of its float. Companies that make auto parts, including Luminar Technologies and Atmus Filtration , also saw short interest increase. Short interest increased 3% and 8% for thrift store chain Savers Value Village and department store Kohl's , respectively.

Persons: Fisker, That's, VinFast, Goldman Sachs, Nick Wells Organizations: Nasdaq, CNBC, New York Stock Exchange, Nasdaq Exchange, Lucid Group, Traders, EV, VinFast, Companies, Luminar Technologies, Dyne Therapeutics, Enliven, Allogene Therapeutics

☆ Humana stock plunges on dismal 2024 forecast, as insurers face soaring medical costs
▼ + stars: | 2024-01-25 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Photographer: Luke Sharrett/Bloomberg via Getty ImagesShares of Humana plummeted on Thursday after the health insurer issued dismal full-year earnings guidance, citing soaring medical costs that are dogging the broader insurance industry. The guidance adds to Wall Street's concerns about health insurance company profits falling as medical costs jump. UnitedHealth on Friday also reported its own jump in medical costs, though it was less extreme than Humana's. Its forecast dragged down other health insurance stocks. But unlike Humana, the insurer forecast 2024 earnings above estimates on Wednesday, after higher premiums in its commercial business helped control medical costs in the fourth quarter.

Persons: Luke Sharrett, Cigna, Humana Organizations: Humana Inc, Bloomberg, Getty, Humana, CVS Health, Elevance, Medicare Locations: Louisville , Kentucky, U.S

☆ Microsoft lays off 1,900 workers, nearly 9% of gaming division, after Activision Blizzard acquisition
▼ + stars: | 2024-01-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Former Blizzard president Mike Ybarra said Thursday on social media platform X he would be leaving Microsoft and Blizzard. Activision Blizzard is the publisher and developer of several massive gaming franchises, including Call of Duty and Diablo. Microsoft's $69 billion acquisition of Activision Blizzard was the company's largest ever acquisition, more than double the size of its 2016 purchase of LinkedIn. Unlike the Microsoft layoffs, eBay and SAP saw a significant bump in their share prices following their announcements. Read the full memo below:It's been a little over three months since the Activision, Blizzard, and King teams joined Microsoft.

Persons: Phil Spencer, Mike Ybarra, Spencer, Activision Blizzard, Candy, It's, we'll, I'm, Phil CNBC's Steve Kovach Organizations: Microsoft, CNBC, Activision Blizzard, Former, Blizzard, Activision, LinkedIn, Tech, Games, eBay, SAP, King, Microsoft Gaming, Leadership Team, Xbox

☆ Has the LA scene fizzled? SoCal has fallen further behind the Bay Area, NYC and Boston for startup funding: 'People deep in AI are just not in LA'
▼ + stars: | 2024-01-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +8 min

But last year, the LA tech scene stalled, according to Carta data. Startup funding plummeted everywhere, but nowhere experienced a steeper decline than LA, where funding declined 65% from 2022. CartaLA's startup funding dropped 65% last year, a steeper decline than the Bay Area, New York or Boston. "They're very deep AI companies, but they're being applied to a vertical, which is one of the strengths of LA," Ingersoll said. Bird goes bust and Snap snaps backThere was more bad news for LA's startup scene in 2023 than just the dismal funding numbers.

Persons: Ethan Aldrich, Aldrich, there's, Andreessen Horowitz, a16z, Katia Ameri, Ameri, VCs, Nikita Bier, Bier, Mark Suster, Suster, LA's, we're, Palmer Luckey, Minnie Ingersoll, Ingersoll, Bird, Zillow, Spencer Rascoff, Evan Spiegel ERIC PIERMONT, Ishan Singh, Singh Organizations: Stanford, Business, Lightspeed Venture Partners, Coatue Management, LA Tech, LA, Carta, Honest Company, New, Boston, Microsoft, Clark, SpaceX Locations: Santa Monica, Southern California, LA, Santa, Hayes, San Francisco, Los Angeles, San Francisco and New York, New York, Boston, Carta, San Diego, Seattle, Hawthorne , CA, Costa, Bay

Ron DeSantis was the conservative policy wunderkind considered the GOP's solution for reuniting the Republican Party in a post-Trump world. The announcement came just two days before the Republican presidential primary in New Hampshire , with DeSantis polling in the single digits in the Granite State. Yet, like all of Trump’s other presidential primary challengers, DeSantis had difficulty escaping Trump’s penumbra and failed to dent the support of his MAGA movement. He consistently polled some 40% to 50% behind Trump among likely Republican primary voters, despite his campaign and supporting political action committees raising more than $100 million to break through. Indeed, DeSantis placed a distant second in the Iowa caucuses on Jan. 15, nabbing just 21% of the votes compared with 51% for Trump.

Persons: Ron DeSantis, wunderkind, he’s, MAGA, he’d, “, Donald Trump, DeSantis, we’ve, –, ” DeSantis, Trump, Trump’s penumbra, nabbing, Nikki Haley –, I’ve, Anthony Fauci, Joe Biden, Nikki Haley, ”, ” Trump, Haley, “ globalists, Crooked Joe Biden Organizations: Florida Gov, Republican Party, Trump, Republican, ”, Sunshine State, Capitol, Trump . Former South Carolina Gov, Republicans, New Locations: Florida, Iowa, New Hampshire, Granite State, South Carolina, America

☆ Ron DeSantis' campaign was over when he decided to have a popularity contest against Mickey Mouse
▼ + stars: | 2024-01-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Before entering the 2024 presidential race, Ron DeSantis proudly touted his conservative record. The governor's fights with Disney didn't endear him to GOP primary voters in the way he had hoped. For decades, tourists have come to the state from all over the world to visit Walt Disney World. But while many GOP voters had a positive opinion of DeSantis, it didn't translate into many votes, no matter what he had done while tussling with Disney. AdvertisementBut in the end, it was DeSantis' fight with Mickey Mouse that stunted his campaign, and he never recovered.

Persons: Ron DeSantis, Disney didn't, —, Donald Trump, DeSantis, Carolyn Kaster, Blaine Harrington III, Getty, Terri Peters, Saint Anselm, Trump, Mickey Mouse Organizations: Disney, GOP, Service, AP, Walt Disney, Florida's, Improvement, Magic, Republican, Trump, state's Republicans, Saint, Saint Anselm College Locations: Florida, Iowa, New Hampshire, American

A Haley victory would usher in a more competitive phase of a primary that Trump has so far dominated. President Joe Biden is not on the ballot, having made South Carolina the first formal stop on the Democratic primary calendar. But New Hampshire is sticking to tradition and hosting its own Democratic primary anyway. We're about to find out whether Republican primary voters agree. Furious about Biden's decision, the “Live Free or Die” state ignored the president's wishes and will host its own unsanctioned Democratic primary anyway.

Persons: — Donald Trump's, MAGA, Nikki Haley, Ron DeSantis, Haley, Trump, Joe Biden, She's, Chris Sununu, Carolina Sen, Tim Scott, Trump's, Elise Stefanik, Ohio Sen, J.D, Vance, Henry McMaster, Bill Clinton, that's Trump, State David M, Scanlan, he's, DeSantis, It's, Biden, We're, Sununu, —, Haley —, Dean Phillips, Maryanne Williamson, Eager Organizations: CONCORD, Republican, Trump, Florida Gov, GOP, Democratic, TRUMP BE, New Hampshire Gov, New York, South Carolina Gov, New, New Hampshire Republicans, Republicans, . Iowa, State, White, U.S . Capitol, , New Hampshire voters, New Hampshire Democrats, Democratic National Committee Locations: N.H, New Hampshire, Iowa, Florida, Hampshire, South Carolina, Carolina, Ohio, , New Hampshire, .

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