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A state judge in Florida has given former President Donald J. Trump a legal victory, refusing to toss a libel lawsuit filed by Mr. Trump over a statement made by the board of the Pulitzer Prizes on coverage of the 2016 Trump campaign’s connections to Russia. The ruling on Saturday by Robert Pegg, a senior judge on a circuit court in Florida, means that Mr. Trump’s case will proceed, opening the door to a discovery phase that may allow Mr. Trump’s lawyers to question Pulitzer officials, who issue the most prestigious prizes in journalism. After the prize was awarded, a special counsel, Robert S. Mueller III, investigating the Russian interference allegations, said he could find no evidence that Mr. Trump or his aides had coordinated with the interference effort. Mr. Trump and others who disputed the reporting had urged the Pulitzer Prize Board to revoke the award, but in its 2022 statement, the Pulitzer Prize board said two independent reviews had found nothing to discredit the articles. The reviews found that “no passages or headlines, contentions or assertions in any of the winning submissions were discredited by facts that emerged subsequent to the conferral of the prizes,” the board said in the statement.
Persons: Donald J, Trump, Robert Pegg, Trump’s, Robert S, Mueller III Organizations: Mr, Trump, The New York Times, Washington Post Locations: Florida, Russia
The issue was caused by an update to Windows issued by cybersecurity firm CrowdStrike. One analyst said the firm was "too critical of a tool" to be written off after the incident. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA global IT outage linked to the cybersecurity firm CrowdStrike caused chaos at transport hubs, media outlets, banks, and more on Friday. This story is available exclusively to Business Insider subscribers.
Persons: , Trevor Walsh Organizations: Service, Citizens JMP Securities, Yahoo Finance, Business
Insider Today: Italian reno nightmare
  + stars: | 2024-07-20 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +6 min
On the agenda:This story is available exclusively to Business Insider subscribers. You are presented with this mapped-out series of days," Travelzoo's senior editor Gabe Saglie told Business Insider. AdvertisementIf you're convinced, one travel planner rounded up the best all-inclusive resorts of 2024. After remodeling a dusty old Italian apartment and sharing the results on social media, they received some unexpected backlash. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.
Persons: , she's, Wahoo, Travelzoo's, Gabe Saglie, Terri Peters, Saint, Victoria Craparotta, Flavio Fabiani, Craparotta, Alyssa Powell, Crispin la valiente, Jenny Chang, Rodriguez, didn't, Bradley Carroll, Carroll, Rachel Katzman, Stephen Pasterino, Katzman, Abigail, Kai, Rebecca Zisser, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Amanda Yen Organizations: Service, Business, Northeast, BI, Netflix, CBS, Samsung, Universal Locations: Saint Vincent, Grenadines, Rome, New York, New York City
California Rep. Mark Takano on Saturday publicly urged President Joe Biden to drop out of the race against former President Donald Trump, and instead allow Vice President Kamala Harris to helm the ticket. "President Biden's greatest accomplishment remains saving democracy in 2020. He can and must do so again in 2024 — by passing the torch to Vice President Harris as the Democratic Party Presidential nominee," Takano said in a statement. "As soon as we have the green light, we are going to be back out on the stump," Biden campaign spokesperson Michael Tyler told reporters Saturday morning. "We know which candidate in this election puts the American people first: our President, Joe Biden," she said.
Persons: Mark Takano, Joe Biden, Donald Trump, Kamala Harris, Takano, Biden's, Harris, Biden, Bill Clinton, Hillary Clinton, Michael Tyler, Tyler Organizations: Committee, Veterans ’ Affairs, Congressional Delegation, U.S, Capitol, California Rep, Democrat, Biden, Democratic Party Presidential, House Democratic, Democratic, Trump, Democratic Party, NBC News, White Locations: Washington , DC, Rehoboth Beach, Del, Massachusetts
Read previewAn F/A-18F Super Hornet pilot from Strike Fighter Squadron (VFA) 32 made history by becoming the first US female pilot to score an air-to-air kill, according to a Navy press release. The pilot was not named, and further details on the weapon used to take down the target were not provided. Manufacturer Boeing calls the Super Hornet "the backbone" of the Navy carrier air wing. Related storiesThe female pilot's kill wasn't the only historic air-to-air shot during the Red Sea battle. An E/A-18G Growler squadron that was also stationed aboard the USS Dwight D. Eisenhower became "the first Growler squadron in Navy history to score an air-to-air kill," per another Navy press release.
Persons: , Dwight D, Eisenhower, Cmdr, Carl Ellsworth Organizations: Service, Strike Fighter Squadron, Navy, Eisenhower, Business, AIM, Prosperity Guardian, Hornet, Boeing Locations: Gaza, The Virginia, Houthi, Yemen
Read previewMy husband and I recently traveled to Dubai with our two kids and his mother on our first international trip together as a family. AdvertisementOur trip to Dubai could've been way better if we hadn't made these common mistakes. AdvertisementWe thought the kids would love Dubai Dolphinarium, a massive family entertainment space filled with aquatic animals. When we checked online for tickets during our trip, the only ones available were for dates three months away. AdvertisementWe should've packed comfier walking shoesWe walked a lot throughout our trip to Dubai, probably 8,000 to 10,000 steps each day.
Persons: , NurPhoto, Louvre Abu, we'd, Tullio Puglia Organizations: Service, Euromonitor International, Business, Legoland, of, FIFA Locations: Dubai, Legoland Dubai, Louvre, Tullio
TuesdaySeveral Senate candidates and House leaders joined Mr. Trump in the box over the course of Tuesday night. Eric Trump Donald J. Trump Senator J.D. Mr. Trump responded with applause, flanked by Mr. Vance and Representative Steve Scalise of Louisiana, the House majority leader. Walt Nauta, Trump’s valet Vanessa Trump Massad Boulos Ronan Anthony Villency Linda McMahon, business executive Kimberly Guilfoyle Kai Trump Eric Trump Lara Trump Michael Boulos Issac Perlmutter Laura Perlmutter Donald Trump Jr. Usha Vance Donald J. Trump Gov. Vance, Ohio Melania Trump Eric Trump Donald Trump Jr. Photo by Hiroko Masuike/The New York Times
Persons: Hiroko Masuike, Donald J, Trump’s, Trump, J.D, Vance of, Byron Donalds of, Katie Britt, Ala, Sarah Boulos, Ronan Anthony Villency, Massad Boulos, Tiffany’s, David Sacks, Donald Trump Jr, Kimberly Guilfoyle Eric Trump Lara Trump Tiffany Trump Michael Boulos, Tiffany's, Tucker Carlson, Byron Donalds, Ohio Mike Johnson, Kelly Johnson, Mike Johnson’s, Trump Sarah Boulos, Kimberly’s, Eric Trump Donald Trump Jr, Kimberly Guilfoyle Lara Trump Tiffany Trump Michael Boulos, Ohio Tucker Carlson, Trump Mike Johnson, Eric Trump, Lara Trump, Kimberly Guilfoyle, Tiffany Trump, Michael Boulos, Donald Trump , Jr, Vance, Mike Johnson, Massad, Ken Paxton, Markwayne Mullin, Okla, Marsha Blackburn, Ronny Jackson, Rick Scott, Brian Mast, Anna Paulina Luna, Matt Gaetz, Marjorie Taylor Greene, Cory Mills, Sarah Huckabee Sanders, Ark, Eric Trump Donald J, Tom Emmer, Elise Stefanik, Tiffany Trump Michael Boulos Eric Trump Donald J, Steve Scalise, Kyle Yunaska, Lara Trump’s, Robert Luke Yunaska, Michael Boulos Tiffany Trump Eric Trump Linda Ann Sykes, Lee Zeldin, Jim Banks, Eric Schmitt, Haiyun Jiang, Glenn Youngkin, Marco Rubio, Callista Gingrich, Newt Gingrich, Mary Miller, Dale Strong, Nicole Malliotakis, Lisa McClain, Callista Gingrich Amber Rose, Troy Nehls, Troy Nehls , Texas Ronan Anthony Villency Mike Johnson Isaac Perlmutter, Laura Perlmutter, Lauren Boebert, Jeanette Rubio, Marco Rubio’s, Greg Abbott, Monica De La, Monica De La Cruz , Texas Newt Gingrich, Todd Heisler, Vance’s, Usha Vance, Doug Burgum, Kai Trump, Trump's, ” Walt Nauta, Jason Smith, Mo, Boris Epshteyn, Ronan Anthony Villency Kai Trump Vanessa Trump, Kimberly Guilfoyle Linda McMahon, Lara Trump Usha Vance Eric Trump Michae, Laura Perlmutter Issac Perlmutter Donald J, Mike Johnson Gov, Texas Bev Vance, Walt Nauta, Vanessa Trump Massad Boulos Ronan Anthony Villency Linda McMahon, Kimberly Guilfoyle Kai Trump Eric Trump Lara Trump Michael Boulos Issac Perlmutter Laura Perlmutter Donald Trump Jr, Usha Vance Donald J, Mike Johnson Bev Vance, Jamie Kelter Davis, Ivanka, Jared Kushner, Melania, Ronan Anthony Villency Steve Witkoff, Dan Bongino, Kai Trump Laura Olaya, Tiffany Trump Michael, Vanessa Trump Jared Kushner Ivanka Trump, Hulk’s, Hulk Hogan Kimberly Guilfoyle Lara Trump Usha Vance, Vance , Ohio Melania Trump Eric Trump Donald Trump Jr Organizations: New York Times, Republican, Convention, Fox News, Trump, New York, House, Mr, Republicans, Rep, Michael, Tiffany Trump Gov, Texas Rep, Trump Rep, Gov, Republican National Committee, Ill, Monica De La Cruz , Texas Gov, Trump Gov, The New York, The New York Times, Daily Locations: Trump’s, Vance of Ohio, Byron Donalds of Florida, Fla, Vance, Ohio, Ala, Ken Paxton , Texas, Tenn, Texas, Ga, Vance , Ohio, Minn, N.Y, Massad, Louisiana, Bird , Iowa, La, Ind, Mo, Virginia, Marco Rubio of Florida, Mich, Troy Nehls , Texas, Colo, Monica De La Cruz , Texas, Va . Rep, North Dakota
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy former Bridgewater chief strategist has been 'skeptical' about small caps for the last few yearsRebecca Patterson, former Bridgewater chief strategist, joins 'Power Lunch' to discuss markets and the small-cap rally.
Persons: Rebecca Patterson Organizations: Bridgewater Locations: Bridgewater
While the triggers for stock market crashes vary, the ultimate outcome is always the same: the market recovers. Here's a summary of eight of the most notable stock market crashes in history, their causes, and their fallout. Stock market crash FAQWhat happens when a stock market crashes? Numerous things can cause a stock market to crash, including:PanicNatural or man-made disastersEconomic crisesSpeculationCan a stock market crash be prevented? Unlike a bear market, stock market corrections are often short and usually work themselves out.
Persons: It's, Terry Marsh, Here's, Stocks, Carola Frydman, J.P, Morgan, , Blair Hull, Alan Greenspan, Marc Chandler, Marsh, weren't, Tyler Muir, Thai bhat, Paula Bronstein, Stringer, Chandler, chipmaker, WebVan.com, Muir, The, Lehman Brothers, NICHOLAS ROBERTS, homebuyers, Bear, Lehman, Fannie Mae, Freddie Mac, Dodd, Frank Wall, Europe —, Italy — Organizations: Federal Reserve System, SEC, FDIC, Haas School of Business, University of California, Federal Reserve, United Copper Company, UCC, Kellogg School of Management, Northwestern University, Federal, System, Dow Jones, Gross, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Dow, Nasdaq, Chicago, Black, Bannockburn Global Forex, UCLA Anderson School of Management, Getty, Asia, International Monetary Fund, chipmaker Qualcomm, The Sarbanes, Oxley, Investors, Financial, Bear Stearns, Lehman Brothers, Nikkei, US, Asset, Frank Wall Street Reform, Consumer, Consumer Financial, Dow Jones Industrial, Center, Budget, Stock, Corrections Locations: University of California Berkeley, AFP, Iran, Bannockburn, Japan, Thai, Asia, Thailand, Malaysia, Indonesia, South Korea, COVID, China, Europe, Italy, Chevron
In today's big story, we're looking at why reports of more potential trade restrictions have chip companies on their heels . Trade restrictions are certainly real concerns for chip companies. AdvertisementThe supply-chain base for most of the chip industry is in Taiwan, specifically TSMC. Politicians and regulators have no interest in making American AI companies less competitive and demand is still extremely high. With so much geopolitical tension, is it possible the chip industry becomes more regionalized?
Persons: , Dan Schneider's, Rebecca Zisser, Joe Biden, Insider's Kelly Cloonan, Biden, chipmakers, Trump, Emma Cosgrove, It's, Marianne Ayala, aren't, Dan Ives, influencers, Donald Trump, JD Vance, Tyler Le, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Dan Schneider's Nickelodeon, Business, Nvidia, AMD, Bloomberg, China, YouTube, JPMorgan, Apple, Republican National Convention, Netflix Locations: China, Netherlands, Taiwan, Texas, California, New York, London
"We just didn't see the ROI except for in healthcare," Thoughtful AI cofounder and CEO Alex Zekoff said. AdvertisementThe Austin, Texas-based startup just grabbed $20 million in Series A funding, led by Drive Capital and including TriplePoint Capital. Thoughtful AI is also announcing its first three AI agents, named CAM, EVA, and PHIL, to process medical claims, check patient insurance coverage, and record payments. Zekoff said Thoughtful AI aims to hit $10 million in annual recurring revenue by the end of the summer. Check out the presentation Thoughtful AI used to raise $20 million from Drive Capital.
Persons: , Alex Zekoff, it's, PHIL, — it's, Zekoff Organizations: Service, Business, Drive Capital, TriplePoint, Athelas, Big Tech Locations: Austin , Texas, Brazil, Romania
Ivanka Trump and her husband, Jared Kushner followed former President Donald J. Trump into FiServ Forum on Thursday night. Melania Trump entered later, alone, to Beethoven’s Ninth and rapturous applause. Missing from the celebratory scene at the Republican National Convention: the youngest Trump son, 18-year-old Barron. Barron Trump has always been somewhat removed from his father’s political life: Melania Trump has fiercely protected her son’s privacy. He graduated in May from a private school in South Florida, an event Mr. Trump attended during his criminal trial in Manhattan.
Persons: Ivanka Trump, Jared Kushner, Donald J, Trump, Melania Trump, , Barron, Barron Trump, “ regretfully ” Organizations: FiServ, Republican National Convention Locations: South Florida, Manhattan, Florida
Warner Bros./Everett CollectionSafety and science matterFor starters, experts hope safety will be emphasized amid all the gasp-inducing (and very windy) set-pieces. “This could potentially create more dangerous conditions in the climate of storm chasing,” she said of the new movie. Smith also hopes the movie gets people excited not only about the storms themselves, but the research and science behind them. There is a new opportunity for future meteorologists to bud, but not just meteorologists and not just kids,” she said. It is presented by Warner Bros., which like CNN is a part of Warner Bros.
Persons: ” Jan de Bont’s, Elizabeth Smith, , , ’ ” Smith, Jo, Bill, Helen Hunt, Bill Paxton, Dr, Harold E, Brooks, Brooks –, , Brandon Miller, ” Miller, Smith, Jo Harding, ” Smith, ‘ Jo ’, Laura Dern, Lee Isaac Chung, Daisy Edgar, Jones, Glenn Powell, Rebecca Kopelman, it’s, Kopelman Organizations: CNN, University of Oklahoma’s, Meteorology, Warner Bros, Everett, Iowa’s, Warner Bros . Locations: Finland,
Not content with Dubai having the tallest building, the deepest pool or the highest hotel, urban design firm URB hopes to add one more superlative feather to the city’s cap: the world’s “greenest” highway. The green highway, pictured in this render, would also include a network of footpaths and green community spaces. URB‘A unique set of challenges’Creating the world’s “greenest” highway in a desert city isn’t easy, though. Pictured in this rendering, designs for the Nexgen Sustainable City, which URB has designed for Cairo. URB A Dubai developer is creating green designs for the city Prev NextAn urban utopiaThis isn’t URB’s first foray into utopian future city design.
Persons: URB, Sheikh Mohammed Bin Zayed, Baharash, ” Bagherian, , Baharash Bagherian, , Bagherian, Organizations: CNN, Dubai, United Arab Emirates, European Union, , Hub, Agri Locations: Dubai, , “ Dubai, URB “ Dubai, UAE, Hong Kong, URB, Yiti, Oman, Yas, Abu Dhabi, Cairo, City
US President Joe Biden departs from the White House for Las Vegas on July 15, 2024, in Washington, DC. The decision rules out the possibility that a process designed to quickly nominate Biden would begin as soon as next week, which some Biden allies had pushed for. The House and Senate are out of town this week, but return to Washington the week of July 22. Walz and Daughtry's letter also quelled some growing concerns on Capitol Hill about the early voting process. Senate Majority Leader Chuck Schumer, D-N.Y., and House Minority Leader Hakeem Jeffries, D-N.Y., also urged the DNC to delay the voting process, sources familiar with the matter told NBC News and CNBC.
Persons: Joe Biden, Biden, Tim Walz, Bishop Leah Daughtry, " Walz, Jared Huffman, Chuck Schumer, Hakeem Jeffries Organizations: White House, Las Vegas, Democratic National Committee, NBC News, Biden, Democrats, Capitol, Democratic, Minnesota, California Rep, CNBC, Wednesday, DNC Locations: Washington , DC, United States, Washington, D
The third day of the Republican National Convention is focusing on foreign policy and military issues, and is featuring the first speech by Sen. JD Vance of Ohio as the running mate of former President Donald Trump. Trump, who survived an assassination attempt in Pennsylvania over the weekend, has long expected to face President Joe Biden in November's election. Biden has adamantly refused to drop out of the contest since his disastrous debate against Trump in late June. As the convention was getting underway in Milwaukee Wednesday, the White House announced that Biden tested positive for Covid. CNBC's TV and digital reporters are covering the convention live from Milwaukee, Washington, and New York City.
Persons: Sen, JD Vance, Ohio, Donald Trump, Trump, Joe Biden, Adam Schiff, Biden Organizations: Republican National Convention, California Democrat, Senate, Biden, Trump, Milwaukee Wednesday, White House Locations: Pennsylvania, November's, California, Milwaukee, Milwaukee , Washington, New York City
‘It feels more important to be here now, more special.’An attendee from Georgia reflecting on the assassination attempt on former President Donald J. Trump
Persons: Donald J, Trump Locations: Georgia
Andreessen and Horowitz are the latest and most prominent members of the startup investing community to publicly support Trump. Up until now, there have been pockets of vocal Trump support within Silicon Valley, including conservative provocateur Peter Thiel, the pugnacious hosts of the All-In podcast, and Palantir co-founder Joe Lonsdale. WE HAVE A FORMER TECH VC IN THE WHITE HOUSE. Most of the VCs Business Insider spoke to were unanimously against Kahn. "If it is Biden vs. Trump officially, I think many '"never Trumpers" will go with Trump," said a Bay Area VC.
Persons: , Andreessen Horowitz, Ben Horowitz, Marc Andreessen, Donald Trump, Sen, JD Vance, Peter Thiel's, Steve Case, Andreessen, Horowitz, provocateur Peter Thiel, Palantir, Joe Lonsdale, Elon Musk, who's, Joe Biden, Vance, Trump, IT'S JD VANCE, WE, MAGA, he's, Bradley Tusk, Chuck Schumer, Tusk, Lina Khan, That's, what's, Kahn, Lina Kahn, Khan, Biden, they're, David Hornik Organizations: Service, The Little, Business, Trump, Wall Street, Founder's Fund, TECH, Democratic, Biden, FTC, SEC, Bay, Republican, Sequoia Capital, Lobby Locations: America, Silicon Valley, New York, Delian, San Francisco, Silicon, There's
Helping an 'Anxious Generation'All Saints' experiment with an extended school day comes as concern mounts about the impact of smartphones and social media on teenagers. AdvertisementUS Surgeon-General Vivek Murthy also recently called for social media to carry cigarette-style warning labels to warn of the health risks. Writing in The New York Times, he said social media increased the risk that children would suffer anxiety and depression. However, the extended school day program has produced some noteworthy results. AdvertisementRausch said his research had shown that constant access to smartphones and social media only increases social inequality.
Persons: , London that's, It's, Andrew O'Neil, O'Neil, it's, Andrew O'Neill ., mick, Zacariah Pinto, Mia Benoit, Benoit, I'm, Pinto, Jonathan Haidt, Vivek Murthy, Zach Rausch, Haidt, Rausch, Rebecca Fuller, Jonathan Brenner, Helena, Brenner, She's Organizations: Service, Saints Catholic College, Business, Grenfell Tower, All, YouTube, The New York Times, NYU, Stern School of Business, Saints, Eton Locations: Notting Hill, London, Notting, Portobello
Our top two favorite Prime Day sunscreen dealsStaff Pick Supergoop! View at Amazon Highlights SPF: 50Active Ingredients: Avobenzone, Octisalate, OctocryleneConsistency: Lightweight oil-infused mistIs Amazon Prime Day a good time to shop for sunscreen? More of the best sunscreen deals to shop during Amazon Prime DayFrom July 16th to the 17th, the prices of many top-quality sunscreens will be slashed by up to 50%. Since many of these products rarely go on sale, you'll definitely want to take advantage on Prime Day. Check out our roundup of all the best Amazon Prime Day deals or browse Amazon's website for more.
Persons: Pick, Sol, Sol de Janeiro's, you'll, — doesn’t, Elizabeth Arden, tasker Organizations: Business, Amazon, Amazon Staff, Elizabeth, Daily Defense, Defense Locations: Janeiro, Amazon TULA
2In the background of the page, a satellite image of Nuseirat shows the location of a building with 1 hostage, and a nearby building with 3 hostages. On June 8, Israel conducted one of the most high-risk operations of the war — a rescue in broad daylight of four hostages held by Hamas in Nuseirat, a densely populated area. Israel achieved that goal, but within minutes, the operation escalated into a firefight and a series of airstrikes that killed scores of people. The Israeli military said it came under fire by Hamas and ordered the strikes. The New York Times was not able to verify which came first.
Persons: Israel Organizations: New York Times Locations: Nuseirat, Israel
The second day of the Republican National Convention will feature remarks from a bevy of Republican lawmakers and other prominent political figures, including multiple former Trump campaign rivals. Sen. Marco Rubio of Florida, who ran against Trump in the 2016 presidential primary and was recently a finalist to be his running mate, is set to speak. Also on the schedule: Trump's former United Nations ambassador Nikki Haley, who challenged Trump in the 2024 GOP primary and did not immediately endorse him when she ended her presidential campaign. Haley said in an exit speech that Trump would have to "earn the votes" of Republicans who did not back him. Ron DeSantis, who was once seen as Trump's most formidable challenger in the primary, is also on the list.
Persons: Sen, Marco Rubio, Trump, JD Vance, Rubio, Nikki Haley, Haley, Ron DeSantis, Lara Trump, Kari Lake, Elise Stefanik, Vivek Ramaswamy, Kevin Breuninger Organizations: Republican National Convention, Republican, Trump, United, GOP, Florida Gov, Republican National Committee, Senate, House Republican Locations: Marco Rubio of Florida, Ohio, United Nations, Arizona, New York
On Today’s Episode:Takeaways From Day One of the Republican Convention, by Jonathan WeismanHow J.D. Vance Won Over Donald Trump, by Jonathan Swan and Maggie HabermanBystanders Warned Law Enforcement of the Gunman Two Minutes Before He Began Shooting, Video Shows, by David Botti, Malachy Browne, Haley Willis, Riley Mellen and Dmitriy KhavinJudge Dismisses Classified Documents Case Against Trump, by Alan FeuerThe World Is Pushing Clean Energy. Oil Companies Are Thriving, by Rebecca F. Elliott
Persons: Jonathan Weisman, J.D, Vance Won, Donald Trump, Jonathan Swan, Maggie Haberman, David Botti, Malachy Browne, Haley Willis, Riley Mellen, Dmitriy Khavin, Alan Feuer, Rebecca F, Elliott Organizations: Republican, Trump, Energy . Oil Companies
CNN —In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. “The customers got very, very upset.”Trista and Jonathan Schmier felt confident enough about the economy during the Trump administration to open a small chain of restaurants. Poll after poll show that voters have more faith in Trump’s ability to handle the economy than President Joe Biden’s. By many measures, however, the economy under Biden — who took office while the pandemic was still underway — has also been strong. “I trust the other guy better,” said Southworth, 74, referring to Trump, whom he voted for in 2016 and 2020.
Persons: Jonathan, Trista Schmier, Angus, , Jonathan Schmier, ” Trista, Trump, Andrew Craft, Donald Trump, Joe Biden’s, Biden, Carroll Doherty, Doherty, Trump’s, Barack Obama, Biden —, , Bernard Yaros, ’ paychecks, Jimmy Carter, ” Yaros, Yaros, Ted Southworth, Ted, Rebecca Southworth, Ted Southworth Southworth, Southworth, Becky Cantrell, Cantrell Organizations: CNN, Fayetteville Observer, USA, Pew Research Center, Biden, Black Americans, Census Bureau, Oxford Economics, Trump Locations: Burger, Fayetteville , North Carolina, Burlington , North Carolina, , Florida
For all of the focus on an energy transition, the American oil industry is booming, extracting more crude than ever from the shale rock that runs beneath the ground in West Texas. The stocks of some oil and gas companies, such as Exxon Mobil and Diamondback Energy, are at or near record levels. The industry’s revival after bruising losses during the Covid-19 pandemic is due largely to market forces, though Russia’s war in Ukraine has helped. U.S. oil prices have averaged around $80 a barrel since early 2021, compared with roughly $53 in the four years before that. That the price and demand for oil have been so strong suggests that the shift to renewable energy and electric vehicles will take longer and be more bumpy than some climate activists and world leaders once hoped.
Organizations: Exxon Mobil, Diamondback Energy Locations: West Texas, United States, Ukraine, U.S
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