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☆ Some House Republicans need this reminder that Russia is not their friend
▼ + stars: | 2024-04-17 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —There is a major disconnect between two CNN stories on Wednesday about Russia and the US. While it is mostly Republicans who oppose additional funding for Ukraine, they are still a minority, even within their own party. In February, 22 Republicans in the Senate joined all but three Democrats to form a 70-vote majority in favor of the funding. Asked about that propaganda comment by Tapper earlier this month, Rep. Mike Turner of Ohio, who chairs the House Intelligence Committee, agreed. The two appeared together at Mar-a-Lago last week, and Johnson has bought into Trump’s proposal to structure some Ukraine aid as a loan rather than direct aid.

Persons: Sean Lyngaas, ”, Mike Johnson, Johnson, “, ” Johnson, CNN’s Jake Tapper, “ We’re, Matt Gaetz, Chip Roy didn’t, he’s, it’s, Marjorie Taylor Greene, Defense Lloyd Austin, Thomas Massie of Kentucky, Tucker Carlson, Vladimir Putin, Ralph Norman, Thomas Massie, Chip Roy, Tom Williams, It’s, Liz Cheney, Donald Trump, Michael McCaul, Puck, Tapper, Mike Turner of Ohio, ” Turner, Greene, Ken Buck, Moscow Marjorie ”, Putin, Trump Organizations: CNN, Capitol Hill, GOP, White, Conservative, Ukraine, Republicans, Senate, Florida, ” Texas, Defense, Republican, Fox News, Putin, Texas Republican, Foreign Affairs, House Intelligence, Trump, Mar, Lago Locations: Russia, Texas, Russian, Ukraine, Israel, Taiwan, Marjorie Taylor Greene of Georgia, Wyoming, Colorado

☆ Russian oligarchs can't buy superyachts — but rich Americans are helping to fill the void
▼ + stars: | 2024-04-17 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Superyacht sales fell 17% in 2023, but still stayed above pre-COVID levels. Sanctions imposed on Russian oligarchs dented the market, but America helped split the difference. AdvertisementBoth new and used superyacht sales of vessels longer than 100 feet fell again 2023 — in part due to sanctions imposed on Russian oligarchs. AdvertisementSales for superyachts over 200 feet slowed more than their smaller counterparts due to high pricing and longer build times, according to the report. That said, SuperYacht Times' head of intelligence, Ralph Dazert, told Business Insider that sales in America are helping to fill some of the void.

Persons: —, Ralph Dazert, Dazert Organizations: America, Service, SuperYacht Times, Yachting Locations: Florida, America, Russian

☆ Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
▼ + stars: | 2024-04-17 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Dazert said he expects new superyacht sales to "go down a little bit further this year" given the continued costs and delays. Sales of new superyachts (yachts over 100 feet long) fell 17% last year, according to the new SuperYacht Times' State of Yachting report. Superyachts sales took a dive in 2023, as long waiting lists, soaring costs and oligarch sanctions hit demand, according to a new report. Americans are picking up some of the slack, accounting for nearly a quarter of all superyacht sales last year. There are now nearly 6,000 superyachts, triple the number in 2002, according to SuperYacht Times.

Persons: Dazert, Ralph Dazert, Robert Frank Organizations: SuperYacht Times, Times, of Yachting Locations: Times ', Russia, Ukraine, Eastern, Saudi

☆ Second Republican backs effort to oust Speaker Mike Johnson from power
▼ + stars: | 2024-04-16 | by ( Scott Wong | Rebecca Kaplan | ) www.cnbc.com time to read: +6 min

"He should pre-announce his resignation (as Boehner did), so we can pick a new Speaker without ever being without a GOP speaker," Massie wrote on X , referring to former GOP Speaker John Boehner, who resigned in the middle of his term in 2015 while facing a similar conservative rebellion from Massie and others. WASHINGTON — A second House Republican said he will support an effort to oust Speaker Mike Johnson from power over his handling of foreign aid for Ukraine and other issues. Johnson told rank-and-file House Republicans in the room that he won't resign, Massie said, a point he reiterated to reporters. "I stand with the speaker," Trump told reporters when asked about Greene's efforts, adding that he gets along great with both Greene and Johnson. One moderate Republican facing a tough re-election bid this fall, Rep. Mike Lawler, R-N.Y., called Greene and Massie's efforts "idiotic."

Persons: Thomas Massie, Anthony Fauci, Tom Williams, Massie, Johnson, Boehner, John Boehner, Marjorie Taylor Greene, WASHINGTON —, Mike Johnson, Rosie, Greene, Republicans —, —, Kevin McCarthy, Jared Moskowitz, Ralph Norman, Matt Gaetz, Troy Nehls, Jim Jordan, MAGA, Donald Trump, Trump, Mike Lawler, Marc Molinaro, Molinaro, McCarthy, — Kyle Stewart, Syedah Asghar, Lori Rampani, Ryan Nobles, Sahil Kapur Organizations: Capitol Visitor Center, National Institute of Allergy, Inc, Getty, Triple, FISA, GOP, Republicans, Republican, U.S, Capitol, Caucus, MAGA Republicans, New York Republican Locations: Ky, Kentucky, Ukraine, WASHINGTON, DC, Washington , DC, Texas, Ohio, Mar, Israel, Taiwan, Mexico

☆ Student debt is haunting Americans from graduation to retirement
▼ + stars: | 2024-04-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

“I’ve had to just put all of my dreams aside and focus on surviving day to day,” Jes Evans, 35, told CNN. Many who responded said they were nearing retirement age but couldn’t imagine being able to stop working, saying they would take their debt to their grave. The White House has forgiven a staggering $153 billion in federal student loan debt, giving a financial lifeline to millions of borrowers. Davis graduated from chiropractic college in 1986, with about $30,000 in debt from federal student loans. He isn’t bitter about it, and he’s not counting on a magic wand to come and zap his debt away.

Persons: —, “ I’ve, ” Jes Evans, Evans, ” Evans, ”, Courtney Brown, they’re, ” Brown, Brown, “, Gallup, Josh, He’d, ” Josh, he’s, Amy Coody, she’s, that’s, I’m, Ralph Davis, Davis, ’, ” Davis Organizations: New, New York CNN, Gallup Lumina, CNN, United States, Lumina Foundation, Biden, Department of Education, Public Locations: New York, Pittsburgh, United, Oregon, Wetumpka , Alabama, Savannah , Georgia

☆ Salman Rushdie Reflects on His Stabbing in a New Memoir
▼ + stars: | 2024-04-15 | by ( Dwight Garner | ) www.nytimes.com time to read: +2 min

In his candid, plain-spoken and gripping new memoir, “Knife: Meditations After an Attempted Murder,” Rushdie describes what happened next. That is long enough, Rushdie points out, to read one of Shakespeare’s sonnets, including his favorite, No. And there’s a wound on the left side of my mouth, and there was one along my hairline too. That was the cruelest blow, and it was a deep wound. A doctor says, “You’re lucky that the man who attacked you had no idea how to kill a man with a knife.”

Persons: ” Rushdie, Rushdie, reeks, “, ”, Ralph Lauren

☆ Vera Wang is turning 75 this year. She has no plans to retire.
▼ + stars: | 2024-04-15 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

That's what it's all about, really," Wang said. In May 2021, Wang told CNBC that her work has allowed her "to really have a very full life." "I think work has been my whole life and it's kept me honestly relevant, fascinated, passionate, frightened, worried and stressed," she said. Wang is part of a list of celebrities and CEOs who have been vocal about their decisions to continue working even as they get older. About one-third of Americans over 40 also say they would continue working even if they have no financial need, per a 2019 TD Ameritrade survey.

Persons: —, Vera Wang, Warren Buffett, Queen Elizabeth II, I'm, Wang, Ralph Lauren, it's, Jay Leno, Clint Eastwood, Eastwood, Buffett, Ron Olson, Greg Abel, Warren, Greg, Olson, Roy Cohen, BI's Jane Ridley Organizations: Service, Business, Vogue, Carlyle, CNBC, Independent, Fortune, Berkshire Hathaway, Pew Research, Workers Locations: New York City, Berkshire

☆ International trade should be the solution to many global challenges, WTO's chief economist says
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInternational trade should be the solution to many global challenges, WTO's chief economist saysRalph Ossa, chief economist of the World Trade Organisation, discusses international trade and geopolitical tensions.

Persons: Ralph Ossa Organizations: International, World Trade Organisation

☆ WTO forecasts rebound in global trade but keeps geopolitical risks in focus
▼ + stars: | 2024-04-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

The World Trade Organization on Wednesday said that it expects global trade to rebound gradually this year, before rising further in 2025, as the impacts of higher inflation fall into the rearview mirror. In its latest "Global Trade Outlook and Statistics" report, the WTO forecast that total global trade volumes will increase by 2.6% in 2024, and by a further 3.3% in 2025. It follows a larger-than-expected 1.2% decline in 2023, as inflationary pressures and higher interest rates weighed on international trade. The trade rebound is expected to be "broad-based," including across Europe, which experienced some of the deepest falls in trade volumes last year as a result of geopolitical tensions and the energy crisis caused by Russia's full-scale invasion of Ukraine. "Europe was really weighing on international trade in 2023, and we don't see that being the case anymore," Ossa said.

Persons: Ralph Ossa, CNBC's Silvia Amaro, Russia's, Ossa Organizations: World Trade Organization, Trade Outlook, WTO Locations: Europe, Africa, India, Pakistan, Southeast Asia, Qianwan, Qingdao Port, Qingdao, China, Ukraine

☆ Donald Trump crashes out of the Bloomberg rich list due to his meme stock nosediving
▼ + stars: | 2024-04-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

TMTG stock has plunged 53% from its intraday peak two weeks ago, slashing Trump's net worth. AdvertisementDonald Trump has crashed out of the ranks of the world's 500 wealthiest people after the value of his meme stock nosedived. The former president has fallen off the Bloomberg Billionaires Index as his net worth has dropped below the $5.8 billion required to make the cut. AdvertisementTMTG shares hit an intraday high of $79 on March 26, valuing Trump's stake at close to $6.3 billion. That's still more than 1,200 times the $4.1 million of revenue it earned last year, which fueled a net loss of $58 million for Truth Social's parent company.

Persons: Donald Trump, —, Forbes, Trump, George Soros, Mark Cuban, Giorgio Armani, Reed Hastings, Bernie Marcus, Ralph Lauren, TMTG Organizations: Service, Bloomberg, Trump Media & Technology, TMTG, Paramount, Etsy, Hasbro, American Airlines Locations: Monday's

CNN —Donald Trump made an unexpected declaration Tuesday when probed about a six-week abortion ban that will soon take effect in his home state of Florida. “We’ll be making a statement next week on abortion,” the former president told reporters in Grand Rapids, Michigan. Other close advisers, however, have expressed concern that Trump will give further ammunition to Democrats by supporting any new restrictions on abortion. “It was bound to happen at some point where he needed to clarify his position,” a Trump adviser told CNN. Ron DeSantis was courting the state’s evangelical community by running to Trump’s right on the issue.

Persons: Donald Trump, “, ”, Trump, Roe, Wade, Kellyanne, Conway, Carolina Sen, Lindsey Graham, Ralph Reed, ” Graham, Joe Biden’s, ” Roe, greenlit, Sunshine State –, they’re, it’s, it’ll, ” Trump, Sid, Trump’s, Vincent Haley, Ross Worthington, Haley, Worthington, she’s, Lindsey Graham’s, Susan B, Anthony Pro, Brian Hughes, — I’ve, — Trump, Graham, Reed, Marjorie Dannenfelser, Ron DeSantis Organizations: CNN, White, US, Republican, Democratic, Trump, Lago, and Freedom Coalition, Florida Supreme, Sunshine State, “, Fox News, New York, Friends, Trump . Leaders, GOP, Republicans, SBA, Mar, Florida Gov Locations: Florida, Grand Rapids , Michigan, Kellyanne Conway, Mar, ”, Carolina, Trump, Graham’s, Michigan, Nashville , Tennessee, Roe, vocalize, Iowa

☆ Hunger in Haiti is spreading amid gang violence, aid workers warn
▼ + stars: | 2024-04-03 | by ( Hira Humayun | Caitlin Stephen Hu | ) edition.cnn.com time to read: +8 min

I don’t think that’s sunk in,” Jean-Martin Bauer, the World Food Programme’s country director for Haiti, told CNN last week. A server ladles soup into a container as children line up to receive food at a shelter for families displaced by gang violence, in Port-au-Prince, Haiti, Thursday, March 14, 2024. “We’re completely cut off from all supplies, food, medical supplies, you name it,” he said. “Conflict and hunger are closely linked,” Laure Boudinaud, Vulnerability Analysis and Mapping Officer for WFP in Haiti said. Haitian citizens try to get goods at Liceo Marie Jeanne shelter in Port-au-Prince, Haiti, 21 March 2024.

Persons: CNN —, Prince, Ariel Henry, ” Jean, Martin Bauer, Odelyn Joseph, –, ”, Catherine Russell, Dr, Ralph Ternier, Zanmi Lasante, he’s, Ternier, ” Ternier, Hopital Albert Schweitzer, Jean Marc deMatteis, “, ” Laure Boudinaud, Liceo Marie Jeanne, Mentor David Lorens, Bauer, we’ve, that’s, ” Bauer, you’re Organizations: CNN, American, UNICEF, United Nations, Roads, Hopital, World Food Programme, Liceo Marie, WFP, “ Locations: Haiti, Caribbean, Port, Prince, Mirebalais, Artibonite Valley, Artibonite

☆ Fears Grow That Syria Strikes Could Spur Retaliatory Attacks on Israel and U.S.
▼ + stars: | 2024-04-02 | by ( Eric Schmitt | ) www.nytimes.com time to read: +1 min

Current and former U.S. officials expressed fears on Tuesday that Israel’s airstrikes on an Iranian embassy compound in Syria could escalate hostilities in the region, and prompt retaliatory strikes against Israel and its American ally. Indeed, after the Israeli strike in Damascus, Syria’s capital, on Monday, American troops based in southeastern Syria knocked down an attack drone, a Defense Department official said. It was unclear if the drone was aimed at the U.S. forces, the official said, speaking on the condition of anonymity to discuss operational details. If it were, it would be the first attack by Iran-backed militias against American troops in Iraq or Syria in nearly two months. The official said there had been no further attacks overnight, but that Pentagon officials were monitoring the situation closely.

Persons: Ralph Goff, Goff Organizations: Israel, Iran’s Quds Force, Islamic Revolutionary Guards Corps, Defense Department, U.S ., Pentagon Locations: Syria, Iran’s Quds, Iran, Damascus, Syria’s, U.S, Iraq

For more on the effort to oust House Speaker Mike Johnson from his job and the fight over Ukraine aid, watch “Inside Politics Sunday with Manu Raju” at 8 a.m. “”The speaker wants to put wins on the board for House Republicans, and we better start doing that. But whether or not Johnson keeps his speaker’s gavel may hinge on how he handles the next divisive policy issue coming down the pike: funding for Ukraine in its war against Russia. Over the two-week Easter recess, Johnson has been quietly working with key lieutenants to chart a course on his Ukraine strategy. “It was a terrible deal.”Democrats are signaling that they will save Johnson if he moves a Ukraine bill they can support.

Persons: Mike Johnson, Manu Raju ”, Mike Johnson strategized, Matt Gaetz, Gaetz, “, we’ve, ” Gaetz, … I’m, Johnson, Marjorie Taylor Greene, Johnson don’t, Greene, Kevin McCarthy, —, Mike, ”, Chip Roy, Texas, Roy, Anna Moneymaker, Thomas Massie of, ” Massie, Bob Good, McCarthy, She’s grandstanding, ” Good, Good, Ralph Norman of, Andrew Clyde of Georgia, Drew Angerer, Hakeem Jeffries, there’s, Haley Talbot, Sheden Tesfaldet Organizations: CNN, House Republicans, Ukraine, Russia, GOP, won’t, Republican, Republicans, U.S, Capitol, Caucus, ” Locations: Ukraine, Florida, Johnson’s, Georgia, Washington , DC, Thomas Massie of Kentucky, Virginia, America, Ralph Norman of South Carolina, Washington ,

☆ Billionaires' superyachts are bigger, better, and have more on board than ever
▼ + stars: | 2024-03-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +9 min

And if you don't have someone on board who can whip up a Michelin-star-worthy meal, you might as well stay on land. AdvertisementThe massage room aboard the Talisman C, a $60 million superyacht for sale at the Palm Beach show. The total value of the 203 superyachts over 30 meters delivered last year was $6.4 billion, according to data from SuperYacht Times. Pampering options, be it a massage room, manicure station, or a professional-grade facial machine, are a dime a dozen. Courtesy of Breed MediaAnd what good is a massage room if no one on board can give one?

Persons: —, Ralph Dazert, Burgess, Anders Kurtén, Kurtén, Nero superyacht, Giovanna Vitelli, Champagne, Benetti's, Donald Trump, Trump, Vitelli, they're, It's, Jeff Bezos, Dazert, everything's, Nero, Jeffrey Beneville, Lana, Bill Gates Organizations: Service, Michelin, SuperYacht Times, Palm, Yachts, —, Monaco Yacht Locations: Russian, superyachting

☆ 8 billionaires who have the best style
▼ + stars: | 2024-03-29 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

In fact, fashion is a key to success for billionaires like Kim Kardashian and Ralph Lauren. Other wealthy names, including Julia Koch and LeBron James, also have standout styles. Look no further than Kim Kardashian and Ralph Lauren. Style is the basis of their careers, one of their biggest passions, and ultimately, a key to their financial successes. But there are also people like Julia Koch and LeBron James.

Persons: Kim Kardashian, Ralph Lauren, Julia Koch, LeBron James, —, they're, Fashion Organizations: Service, Business

☆ UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
▼ + stars: | 2024-03-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return at the helm of the Swiss banking giant, following its takeover of stricken rival Credit Suisse. Hamers earned 12.6 million Swiss francs in 2022 during his last full year as CEO, according to UBS' annual report published on Thursday. In total, the bank's executive board picked up a 140.3 million Swiss franc pay package in 2023, a significant increase from the previous year's 106.9 million francs. UBS shares have gained more than 52% since Ermotti took the reins on April 5, 2023.

Persons: Sergio Ermotti, Colm Kelleher, Ermotti, Ralph Hamers, Hamers Organizations: UBS, Credit Suisse Locations: Zurich, Swiss

☆ Meme-stock mania comes roaring back to leave Donald Trump's Truth Social owner TMTG worth more than Etsy or Hasbro
▼ + stars: | 2024-03-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Meme-stock fans have boosted Trump Media & Technology Group stock by nearly 80% this week. Truth Social's parent company is now valued at over $13 billion on a fully diluted basis. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMeme-stock mania has boosted the value of Trump Media & Technology Group beyond Etsy, Hasbro, and Paramount Global — three S&P 500 companies worth nearly $8 billion each. Truth Social's parent company completed a SPAC merger on Monday, and began trading under the ticker DJT on Tuesday.

Persons: Ralph Lauren, Campbell Soup, — Organizations: Trump Media & Technology Group, American Airlines, Service, Trump Media & Technology, Hasbro, Paramount Global, Business

☆ Sexual violence ‘largely unpunished’ in Haiti, UN says
▼ + stars: | 2024-03-28 | by ( Mitchell Mccluskey | ) edition.cnn.com time to read: +4 min

CNN —The UN human rights office described sexual violence in Haiti as “severely underreported and largely unpunished” in a harrowing report released Thursday that documented cases of rape and forced sexual relations with gang members, as well surging levels of gang violence in the country. The violence has caused the internal displacement of approximately 313,900 people as of December 2023, according to the OHCHR. “All these practices are outrageous and must stop at once,” said the UN High Commissioner for Human Rights Volker Türk. “Widespread corruption and dysfunction of the justice system greatly contribute to the pervasive impunity for grave human rights violations, and they need to be addressed urgently,” said Türk. Police patrol a street after authorities extended the state of emergency amid gang violence that has forced thousands to flee their homes in Port-au-Prince, Haiti, March 8, 2024.

Persons: ”, Volker Türk, Ariel Henry, Henry’s, ” Türk, Ralph Tedy Ero Organizations: CNN, UN, United Nations, Human Rights, “, Human, Haitian National Police, Police Locations: Haiti, –, Port, “, Prince

☆ Insiders still have no idea what's going to happen to Russian oligarchs' seized superyachts
▼ + stars: | 2024-03-26 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Many of their superyachts were seized or frozen, leading industry insiders to question their fate. The war prompted many governments to enact sanctions against Russia's richest, including seizing their superyachts worth hundreds of millions of dollars. At least a dozen superyachts — worth well over $1 billion combined — have been affected. Russia's sanctioned superyachts are hard to buy and sellThe first problem is that many of the yachts are "frozen" — not seized. "How does it look if you bought a Russian boat?"

Persons: It's, —, Russia's, I've, Julia Simpson, Thompson of Monaco, it's, Joshua Naftalis, Ralph Dazert, Alfa Nero, Eric Schmidt, Simpson Organizations: Service, Russia's, Palm, SuperYacht, Thompson, Pallas Partners, SuperYacht Times Locations: Russia, Ukraine, Russian, San Diego, Antigua, Barbuda, Maldives, Montenegro, Dubai

☆ A controversial Supreme Court decision could hurt Biden in November
▼ + stars: | 2024-03-26 | by ( John Blake | ) edition.cnn.com time to read: +11 min

CNN —A Supreme Court decision related to the election could determine the presidential victor this November, but it has nothing to do with former President Donald Trump. The study also said the “narrow” racial-turnout disparity that the high court heavily relied upon in its Shelby decision was based in part on the 2012 presidential election. Yet the study’s conclusion bolsters critics of the Shelby decision. They ignored it although they knew their decision would hurt Black voters, who tend to vote for the Democratic Party, he says. The bloody history behind the Voting Rights ActThe law was passed in 1965 after King led an epic voting rights campaign in Selma, Alabama.

Persons: CNN —, Donald Trump, Brennan, —, Holder, John Roberts, Barack Obama, Shelby, Jim Crow, Alabama —, Lawrence Goldstone, ” Goldstone, Sonia Sotomayor, Joe Biden, Shawn Thew, Biden, Goldstone, Black, George W, Bush, preclearance, “, ”, Elijah Nouvelage, Horace Cooper, Martin Luther King Jr, Cooper, “ That’s, Martin Luther King, that’s, ” Cooper, King, Edmund Pettus, Obama, Lyndon B, Johnson, Jr, Ralph Abernathy, Clarence Mitchell, Corbis, Roberts, Reagan, Brett Kavanaugh, tortuously, it’s, John Blake Organizations: CNN, Brennan Center for Justice, Supreme Court, Southern GOP, GOP, State of, Getty, Black, Democratic Party, George Mason University in, US Justice Department, Edmund, White, Congress, Black voters, North Carolina — Locations: Shelby, Southern, America, Texas, Mississippi, Alabama, Georgia, North Carolina, State, Washington, Alabama’s Shelby County, Atlanta , Georgia, AFP, George Mason University in Virginia, Selma , Alabama, White Alabama, “ Shelby

☆ House Democrats want Speaker Johnson to outline path on Ukraine aid before agreeing to save his job
▼ + stars: | 2024-03-24 | by ( Manu Raju | ) edition.cnn.com time to read: +5 min

CNN —House Democrats may save Mike Johnson’s speakership – but he first must outline a pathway to approving aid to Ukraine, multiple Democratic sources told CNN. If Johnson tries to move on the House plan, Democrats may opt to save him but in smaller numbers, one Democratic source said. “We are going to grow this House majority despite things that go on the House floor day to day.”He argued that “Speaker Johnson is going to remain speaker” despite the threat to oust him. So, we need a speaker and I think Speaker Johnson has been an outstanding speaker and I stand behind him. Some hardliners are weighing whether they will vote to oust Johnson once it is brought up.

Persons: Mike Johnson’s speakership, Johnson, he’d, Donald Trump, Marjorie Taylor Greene’s, doesn’t, Abigail Spanberger, Greene, “, that’s, Greg Pence, Greene’s, Pence, they’re, ”, it’s, Mark Green, “ I’m, …, we’ve, Richard Hudson, Eli Crane, Kevin McCarthy, Ralph Norman, Norman, we’ll, ” CNN’s Morgan Rimmer Organizations: CNN — House, CNN, GOP, Republican, Virginia Democrat, Republicans, ”, Indiana Republican, House Republicans, Homeland, House Republican Locations: Ukraine, Mexico, Virginia

☆ Kings no more – Cramer suggests Lululemon and Nike have themselves to blame for weaker outlooks
▼ + stars: | 2024-03-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Disappointing sales outlooks from Lululemon and Nike prompted CNBC's Jim Cramer on Friday to wonder whether the big athletic apparel makers are ceding ground to lower-priced competitors. "Nike, Lulu — are these companies that are just charging too much when others are coming underneath them with good product? Shares of Lululemon tanked more than 16% Friday after issuing light current-quarter and full-year guidance after the closing bell Thursday. The company's finance chief said weaker U.S. traffic and a challenging consumer environment has led to the "broad-based" slowdown. Lululemon's earnings report and outlook was "surprising," Cramer said, considering the Vancouver, Canada-based firm has been viewed as a "high-growth company."

Persons: CNBC's Jim Cramer, Lulu —, Cramer, LULU, Ralph Lauren Organizations: Nike, Management Locations: Vancouver, Canada

☆ House GOP Biden inquiry stalls as impeachment becomes less likely
▼ + stars: | 2024-03-15 | by ( Annie Grayer | ) edition.cnn.com time to read: +14 min

Hunter Biden arrives at the Thomas P. O'Neil Jr. House Office Building for a closed door deposition on February 28, in Washington, DC. Abbe Lowell makes a statement to the press following a closed-door deposition before the House Committee on Oversight and Accountability, and House Judiciary Committee in the O'Neill House Office Building on February 28, in Washington, DC. “He was well-prepared for the kind of questions,” Issa recounted of Hunter Biden. GOP focus shifts away from impeachment probeInvestigating the Biden family and going after President Biden was a top priority for House Republicans when they reclaimed the majority and got control of committees. GOP Rep. Ryan Zinke of Montana said the three Republican chairmen leading the impeachment inquiry have the same message: “They say we’re not in a position to go forward on impeachment.”

Persons: Joe Biden, Biden, Hunter Biden, James Comer, Jim Jordan, Comer, Donald Trump, Thomas P, O'Neil Jr, Countess, Merrick, Justice won’t, ” Comer, Mike Johnson, “, Jordan, Johnson, “ I’m, ” Johnson, Ralph Norman of, Troy Nehls, impeaching Biden, We’ve, Let’s, ”, ” Nehls, Alejandro Mayorkas, I’m, Trump, weaponized, ” Jordan, Vernon, Ed Siskel, ” Siskel, Hunter, Mary, ” Hunter, Abbe Lowell, Samuel Corum, Hunter Biden’s, Darrell Issa, ” Issa, Robert Hur, Garret Graves, Chip Roy, Texas, Lisa McClain, Richard Hudson of, it’s, Nick LaLota, ” Norman, Ryan Zinke Organizations: House Republicans, Department of Justice, CNN, Fox News, Merrick Garland’s Department, Justice, Louisiana Republican, ” Staff, GOP, Caucus, Democratic, Homeland, Senate, Trump, White, Getty, Committee, Republican, of, Hunter Biden, Republicans, Internal Revenue Service, Judiciary, House, House Republican, “ Locations: Washington ,, Merrick Garland’s, Louisiana, House, Ralph Norman of South Carolina, Texas, Georgia, Miami, Vernon Hill, Florida, O'Neill, Washington , DC, California, Lisa McClain of Michigan, Richard Hudson of North Carolina, New York, Montana

☆ Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars
▼ + stars: | 2024-03-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +14 min

The following month, 10 men were indicted in Oklahoma, charged with conspiracy to commit wire fraud for allegedly operating a refund fraud service named Artemis Refund Group. A thriving refund fraud marketFor every refund fraud service shut down by law enforcement, swarms of similar groups remain open for business. CNBC viewed several active refund fraud services on encrypted messaging app Telegram, each with thousands of followers. Zoom In Icon Arrows pointing outwards A Google form from an active refund fraud service explaining which stores it targets and how much it charges customers. Zoom In Icon Arrows pointing outwards A refund fraud service claims to have access to Amazon insiders in a Telegram post.

Persons: Stephanie Keith, Noah Page, Page, he'd, Ralph, —, Rick Owens, Sajed Al, Ralph Lauren, Uber, Maarej, Chris Black, Amazon, Al, they'd, Rekk, Cyril Noel, Tagoe, Noel, Louis Vuitton, scammers, Reddit, Brittany Allen, Allen, Remi Vaughn, Vaughn, she's, David Johnston, Johnston Organizations: Bloomberg, Getty, CNBC, National Retail Federation, Appriss, Amazon, Page, Riverside Press, Medianews, PayPal, Retailers, Artemis, Walmart, Apple, Nike, eBay, Saks Fifth, DoorDash, Google, MacBook, Mail, UPS, U.S . Postal Service, Al, Rekk, Gucci Locations: New York, Chattanooga , Tennessee, Reddit, TikTok, Eastvale, Michigan, Oklahoma, Chattanooga

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