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Rep. Lauren Boebert won a GOP primary for a district she only moved into this year. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRep. Lauren Boebert managed to pull it off. The controversial congresswoman won a crowded GOP primary in Colorado's 4th congressional district on Tuesday, according to Decision Desk HQ and the Associated Press.
Persons: Lauren Boebert, , That's Organizations: GOP, Service, Associated Press, Business Locations: Colorado's
Read previewAs St. Louis continues its guaranteed basic income pilot, two residents are suing to cut the program's funding. The plaintiffs, Greg Tumlin and Fred Hale, are both St. Louis residents. Adam Layne, the St. Louis city treasurer, previously told BI that St. Louis residents have primarily used their $500 a month to pay bills. BI reached out to the city of St. Louis and St. Louis Guaranteed Income for comment, but the parties did not respond by the time of publication. States like South Dakota, Arizona, and Iowa, Republican politicians have also brought basic income bans to the state legislature.
Persons: , Louis, Greg Tumlin, Fred Hale, Tumlin, Adam Layne, Louis GBI, Joe Biden's, Jack Dorsey, St, Ken Paxton, Attorney Christian D Organizations: Service, Business, ARPA, BI, Texas Supreme, Attorney Locations: Missouri, state's, Louis, St, Texas, Harris, Harris County, Houston, States, South Dakota , Arizona, Iowa
Here are Tuesday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy The firm named Nvidia to its best-of-breed list. Goldman Sachs reiterates Microsoft as buy Goldman said it's sticking with its buy rating on the stock. "We reiterate our Buy rating ($515 Price Target) on Microsoft as we see the company yielding strong returns on its Gen-AI investments." "We are initiating on Carpenter Technology (CRS) with a Buy rating and $144 target price (47% upside potential)." "We are initiating coverage on Rivian Automotive, Inc. (RIVN) with a BUY rating and $18 PT."
Persons: BoB, Goldman Sachs, Goldman, it's, TD Cowen, Zeta, Raymond James downgrades Penn, Raymond James, Wells, Tapestry's, Tesla, Piper Sandler, Uber, Piper, AMZN, Morgan Stanley, Ford, Evercore, Truist, Guggenheim, Rivian, Robinson, CHRW, Maxim, MicroStrategy Organizations: Bank of America, Nvidia, Disney, Microsoft, Technology, RBC, Zeta Global, PENN, UBS, Exxon, Deutsche Bank, Carpenter Technology, Tesla, Ford, TAP, Ball Corp, Rivian Automotive, Inc, Apple Locations: Capri, HNST
Starting Monday, the Minneapolis-based discounter said companies that work with Shopify can apply to join Target Plus, its third-party marketplace. Target's marketplace creates a "halo" and is "an accelerant to the total business," she said. Target Plus has only a tiny fraction of the revenue and sellers of other third-party marketplaces. Sylvester would not say how much of that came from ads bought by Target Plus sellers. Target does not offer fulfillment services, instead relying on Target Plus sellers to store, pack and ship their own goods.
Persons: discounter, Cara Sylvester, Shopify, Sylvester, Target, Ban, Sellers, Doug McMillon Organizations: Target, CNBC, Walmart, Amazon, eBay, Marketplace, Brands Locations: Minneapolis, Walmart's U.S
A view of the U.S. Supreme Court building in Washington, U.S., June 17, 2024. WASHINGTON — The Supreme Court on Monday waded into the contentious debate over gender-affirming care for transgender minors by agreeing to resolve challenges to a law in Tennessee that seeks to restrict it. The justices will review an appeals court ruling that upheld the measure. In a separate case, the court in April allowed Idaho to mostly enforce a similar law. The plaintiffs then asked the Supreme Court to step in.
Persons: WASHINGTON —, Elizabeth Prelogar, Jeffrey Sutton, Neil Gorsuch Organizations: U.S, Supreme, WASHINGTON, Movement Advancement, Biden, Circuit Locations: Washington , U.S, Tennessee, Idaho, Kentucky, Cincinnati, West Virginia
This story is available exclusively to Business Insider subscribers. AdvertisementLegal experts who spoke to Business Insider said Thomas's latest decision highlighted how inconsistent and even ridiculous this method of interpretation can be. The Supreme Court of 1888 decided that the Constitution was broad enough to cover inventions the Founding Fathers never dreamed of. Gross noted that he expected the outcome the Supreme Court ultimately reached, though he was surprised Justice Samuel Alito, another strict originalist, didn't join Thomas' dissent. AdvertisementRepresentatives for the Supreme Court did not respond to a request for comment from Business Insider.
Persons: , Clarence Thomas, Thomas, Antonin Scalia, John P, Gross, wouldn't, originalists, Carolyn Shapiro, Shapiro, Amy Coney Barrett, Barrett, SCOTUS, Samuel Alito, didn't, Scalia Organizations: Service, Business, University of Wisconsin Law School, Public, originalism, Chicago, Kent College of Law's Institute, AP, CNN Locations: United States
Finland has a lengthy track record of happiness, holding the top spot for seven years in a row now. CNBC Make It asked a group of Finnish and Danish business leaders and psychologists to explain those results. The phrase translates to "It doesn't matter" or "Don't worry about it," Wiking wrote for CNBC Make It in April. Whether you're dealing with a minor issue or a major setback, using this phrase can help you move on from life's ebbs to find happiness, Wiking wrote. "'Pyt med det' encourages us to shrug off negativity and move forward with grace and resilience."
Persons: Anni Hallila, Hallila, Meik Wiking, Wiking, ebbs Organizations: CNBC, American Psychological Association, People, Happiness Research Locations: Finland, Denmark, Danish, reoccurring
The nation's highest court typically wraps up its business by the end of June, but court watchers count roughly a dozen major pending decisions. Trump v. United States: The Trump immunity caseThe implications for Trump alone made this the most closely-watched case this term. As Justice Neil Gorsuch said during oral arguments, the court may write "a rule for the ages." Justices heard oral arguments in a case brought by commercial fishermen about a rule requiring them to pay for monitors that track potential overfishing. Justice Elena Kagan said during oral arguments that 70 Supreme Court rulings and more than 17,000 lower-court decisions have relied on Chevron.
Persons: , Donald Trump's, Trump, Neil Gorsuch, Ketanji Brown Jackson, Jack Smith's, Smith, Lev Radin, Fischer, Joseph Fischer's, John Roberts, Loper, Raimondo, Biden, Elena Kagan, Andrew Harnik, Moyle, Roe, Joshua Turner, Ken Paxton, Brandon Bell, Ron DeSantis Organizations: Service, Trump, Business, . United, Police, United, Enron, Capitol, Electoral, Biden, Washington Post, Loper Bright Enterprises, FDA, Chevron, Natural Resources Defense, Inc, Getty, Idaho, Labor, Paxton, Industry, Gov, The Washington Post, Court, GOP Locations: . United States, United States, Pennsylvania, Chevron U.S.A, Idaho's, Idaho, Texas, Red, Florida
Over four years, the total bill may be $500,000 or more, as it is estimated to be at Columbia University, according to Self Financial. These are the 10 schools with the highest total cost for four years. Columbia University—New YorkTotal cost: $514,4422. Massachusetts Institute of Technology—Cambridge, MassachusettsTotal cost: $441,948All of the 10 most expensive schools Self Financial identified are private, which makes sense, given that those institutions typically charge higher tuition than public schools. But private colleges often offer generous financial aid and scholarships packages so your cost to attend may even be lower than at a public university.
Organizations: National Center for Education Statistics, Columbia University, Columbia, U.S . News, Bureau of Labor Statistics, Columbia University — New York, New York University — New York, Georgetown University — Washington, D.C, Harvard University — Cambridge, California Institute of Technology, University of Southern, University of Southern California — Los Angeles Total, University of Chicago — Chicago, George Washington University — Washington, Yale University — New, Massachusetts Institute of Technology, Self, Harvard, University of Massachusetts, Department, Education's, CNBC Locations: Massachusetts, California Institute of Technology — Pasadena, California, University of Southern California, Yale University — New Haven , Connecticut, Massachusetts Institute of Technology — Cambridge, Amherst
Supreme Court upholds domestic violence gun restriction
  + stars: | 2024-06-21 | by ( Lawrence Hurley | ) www.cnbc.com   time to read: +4 min
Activists rally outside the U.S. Supreme Court before the start of oral arguments in the United States v. Rahimi second amendement case in Washington on Tuesday, November 7, 2023. The Supreme Court on Friday upheld a federal law that prohibits people subjected to domestic violence restraining orders from having firearms, taking a step back from its recent endorsement of a broad right to possess a gun. The court on an 8-1 vote ruled in favor of the Biden administration, which was defending the law — one of several federal gun restrictions currently facing legal challenges. He argued that he cannot be prosecuted under the federal gun possession restriction in light of what the Supreme Court concluded. But the case before the justices concerns his separate prosecution by the Justice Department for violating the federal gun possession law.
Persons: Biden, John Roberts, Clarence Thomas, Hunter Biden, Joe Biden's, Ketanji Brown Jackson, Joe Biden, Zackey, Rahimi's, Rahimi Organizations: U.S, Supreme, New York State, Justice Department, Circuit, Appeals Locations: United States, Washington, Texas, Arlington , Texas, New Orleans
Meanwhile, an average Pennsylvania family has paid almost $7,000 more "toward greedflation," Casey says. "Americans deserve to pay fair prices, and corporations must be held accountable for taking advantage of working families," he writes. NBC News has reached out to Amazon, Target and Walmart for comment. "Price increases that consumers have been confronted with have not been inflationary increases but, instead, greedflation-related increases," he writes. Amazon, Target and Walmart have each recently announced moves to lower prices for certain goods or release new value-based products.
Persons: Pennsylvania Sen, Bob Casey, Casey, Walmart's, Someone's, they're, Olivier Blanchard, Blanchard, Price, , they've Organizations: Target, Walmart, NBC News, Amazon, NBC, Financial Times, Massachusetts Institute of Technology Locations: Pennsylvania, United States
The multiple exceeds 9 and approaches 12 in the hottest markets, rendering them "impossibly unaffordable," per a recent study. That's according to "The State of the Nation's Housing 2024" report published by Harvard University this week. Only 6.6 million — fewer than 15% — of the 45 million renter households in the US make enough to afford the median payment. Indeed, the Harvard study found that 23% of homeowner households were "stretched worryingly thin," and more than a quarter of renters were paying at least half their incomes toward housing and utilities in 2022. Many homeowners are seeing their incomes squeezed by steeper prices and interest payments, and many renters have given up on buying a home.
Persons: , Robert Gauthier Organizations: Service, Business, Harvard University, Survey, Consumer Finances, Harvard Locations: La Habra , California
Guenther Steiner likened being the team principal of Haas F1 to "being the CEO of a small company." "The good news is no two days are the same," said James Vowles, Williams Racing's team principal. Guenther Steiner, a former team principal of the Haas F1 team who's now an ambassador for the Miami Grand Prix, said the job was sort of like running a corporation. Brown said the top traits he looked for in a team principal were selflessness, a focus on performance, and a willingness to lead by example. "Andrea is a team principal that focuses on his team, putting his people first."
Persons: James Vowles, Guenther Steiner, , Williams, Rudy Carezzevoli, Vowles, Alex Albon, Albon, Haas, Kevin Magnussen, PETER, Steiner, I'm, Zak Brown, Andrea Stella, Lando Norris, Brown, Stella, wasn't, Andrea, he's Organizations: Williams Racing, Haas, Service, Netflix, Brawn, Mercedes, Constructors, Miami Grand Prix, Getty, McLaren Locations: Bahrain, Williams
I spent $375, including the tip, to dine at Disney's only Michelin-starred restaurant . Victoria & Albert's in Disney's Grand Floridian Resort & Spa offers an upscale prix fixe meal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The famed restaurant, Victoria & Albert's inside the Grand Floridian Resort, offers prix fixe tasting menus starting at $295 a person with optional drink add-ons. I've been visiting Disney World for 20 years but never stepped foot inside the Grand Floridian restaurant until this month.
Persons: , I've Organizations: Michelin, Floridian, Spa, Service, Disney, Business Locations: Disney's, Victoria
Generative AI chatbots are guilty of spreading dangerous disinformation, a new report found. NewsGuard audited 10 AI chatbots and found they spread Russian propaganda one-third of the time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYour favorite AI chatbot likely isn't immune to the powers of Russian propaganda, a new report found. The world's leading generative AI chatbots are fueling disinformation and citing Moscow-funded fake news sources as fact more than 30% of the time, according to a recent NewsGuard audit.
Persons: Organizations: Service, Business Locations: Moscow
Read previewA Texas woman is seeking over $1 million in damages, saying she watched her husband get electrocuted and then drown while in a hot tub during a family vacation in Mexico. It follows the death of her husband, Jorge Guillen, on June 11, 2024, while they were on holiday at the resort in Sonora, northern Mexico. AdvertisementThe lawsuit said that Zambrano tried to grab her husband from the water but she was also electrocuted and fell into the jacuzzi. Zambrano claims in the lawsuit that resort staff did not try to engage the emergency shutoff for the jacuzzi or try to rescue her or her husband. Casago, the vacation rental company that manages the resort, did not immediately respond to Business Insider's request for comment.
Persons: , Lizzette Zambrano, Jorge Guillen, Guillen, Zambrano Organizations: Service, Court, Sonoran, Business Locations: Mexico, El Paso County, Texas, Sonora
Read previewBuying a house has become especially hard, but some people can't afford one because they're mismanaging their money, personal finance guru Dave Ramsey says. "It is mathematically tough right now, it is economically tough. Overspenders can't complainDespite those challenges, the talk show host and author called out people who make bad financial decisions and then complain they can't afford a house. "Well I just told you why you can't afford a house: Your stinking overspending." "When you are broke and in debt, don't have an emergency fund, and sign up for a mortgage payment you can't afford, that is not smart real estate.
Persons: , they're, Dave Ramsey, Overspenders, Ramsey, Warren Buffett Organizations: Service, Business, Federal Reserve, Disney
Interest rate cuts and continued earnings growth will power the Dow Jones to above 100,000 within the next decade. AdvertisementA powerful cocktail of earnings growth and interest rate cuts will serve as a "turbo booster" for stock prices and power the Dow Jones Industrial Average to over 100,000. And if the Fed doesn't cut interest rates this year, that won't derail Demmert's bullish forecast because earnings growth remains strong and resilient. "Yes, the AI tech stocks trade at much higher multiples than most stocks - but deservedly so given their premium growth rates," Demmert said. For the Dow Jones to hit 100,000, it would need to grow at a compounded annual growth rate of 11.2% over the next nine years.
Persons: Dow Jones, James Demmert, Demmert, Organizations: Research, Service, Dow Jones, Street Research, Federal
I usually fry my bacon, but the recipe said to bake it, and I really liked this method. The bacon slices on a wired sheet pan. I placed five strips of bacon on a baking wire rack on a sheet pan and put it in the heated oven. After 20 minutes in the oven, the bacon turned out perfectly crispy. Cooking the bacon on the wire rack was easier than frying it, in my opinion.
Persons: Erin McDowell
Read previewI've been going to Las Vegas regularly since the early 2000s and have adopted a firm policy to never stay more than two nights. A well-planned weekend trip also makes it possible for travelers to use fewer PTO days — although almost half of US workers don't take all of their paid time off each year anyway. Here's how my cousin and I spent a weekend in Vegas on my most recent trip. Next, we headed to one of the highlights of any trip to Vegas: high tea at the Tea Lounge at the Waldorf. The Tea Lounge at the Waldorf Jill SchildhouseFor dinner, we headed to KYU at Fontainebleau Las Vegas for incredibly flavorful Asian-inspired and wood-fired dishes.
Persons: , I've, Jill Schildhouse, Cheri, Martha Stewart, Dita Von Teese's, Schildhouse, brunch, KYU, Thomas Keller's, Bobby Flay's Organizations: Service, Business, Flight, Paris Hotel, Eiffel, Sala, COMO Poolside, Bellagio, Waldorf, Fontainebleau Las, Resorts, Paradox Museum Locations: Las Vegas, Sin City, Vegas, Bellagio, Bedford, Paris, Bedford , New York, COMO, Fontainebleau, Fontainebleau Las Vegas, Luxor, Caesar's
Tens of thousands of women fled Texas in 2023 to get abortions out of state, data shows. Nationally, over 171,000 patients traveled out of state to get care. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That includes the number of women who had to leave the state to get abortion care, new data shows. In 2023, over 35,000 patients fled Texas to get abortion care in another state, according to data from the Guttmacher Institute, a pro-abortion research and policy organization.
Persons: , Guttmacher, Court's Dobbs, Roe, Wade Organizations: Service, Guttmacher Institute, Nationwide Locations: Texas
Amazon's typical shopper makes 72 purchases per year from the site, usually with small basket sizes. Now, Walmart's CFO says Walmart+ members are increasingly placing orders of just one or two items. The Walmart US CEO also said it takes a shopper four orders on average to embrace frequent delivery. AdvertisementAmazon was able to achieve e-commerce dominance in part through millions and millions of tiny orders. By contrast, Walmart's typical shopper shops a little less frequently and spends more per transaction, and tends to shop more in-store.
Persons: Organizations: Walmart, Service, Business
CNBC Daily Open: Mega money Musk, Kitty's stake grows
  + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chipmaker Broadcom soared after it delivered better-than-expected second-quarter earnings and announced a 10-for-1 stock split. Mainland China's CSI 300 index fell 0.4%, while South Korea's Kospi rose 0.3%. Broadcom's shares soared 13% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.
Persons: Elon, Musk, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Kitty, Keith Gill, Gill, Australia's, BofA Organizations: CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, GameStop, Trade, Nikkei, Bank of Japan's, U.S, China's CSI, Chipmaker Broadcom, Bank of America Locations: U.S, Delaware, Japan, South
CNBC Daily Open: Mega money Musk
  + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
Traders work on the floor of the New York Stock Exchange in New York City, U.S., July 12, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury slipped after the producer price index unexpectedly fell. Reasonable debtJanet Yellen, U.S. Treasury Secretary, said the ballooning national debt that's currently at $34.7 trillion is manageable.
Persons: Elon, Judge Kathaleen McCormick, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Dow Jones, Donald Trump, Tim Cook, Jamie Dimon, BofA Organizations: New York Stock Exchange, CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, Trump, Business, Capitol, Apple, JPMorgan Chase, Chipmaker Broadcom, Bank of America Locations: New York City, U.S, Delaware, Washington
Read previewIn a blow to celebrity trainer Tracy Anderson, a federal judge ruled this week that the fitness pioneer's famous exercise "method" is "uncopyrightable." The high-profile fitness guru said in the lawsuit that Roup copied her signature workout, the "Tracy Anderson Method" or "TA Method" — a dance-based workout routine. The order added, "And because the TA Method is uncopyrightable, the Court need not reach the issues of whether the TA Method could be considered choreography and if TAMB [Tracy Anderson Mind and Body] actually owns the copyrights." "We are pleased with the Court's ruling unequivocally rejecting Tracy Anderson's copyright claim, finding that the TA Method is not copyrightable, full stop," Bach said. AdvertisementAnother former trainer said that while she was still working at Tracy Anderson, she was reprimanded by management for merely liking former instructors' Instagram posts.
Persons: , Tracy Anderson, Philip Gutierrez, Anderson, Megan Roup, Roup, Gutierrez, Anderson's, Gina Durham, Durham, Nathaniel Bach, Tracy, Bach, Megan, Samuel Eric Anderson Roup, Gwyneth Paltrow, Jennifer Lopez, Victoria Beckham Organizations: Service, Central District of, Business, Roup, Pop Locations: Central District, Central District of California
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