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Labor leaders say Democrats need to rethink their approach to working-class voters. Former Fox News host Pete Hegseth’s attorney confirmed he paid a woman after she accused him of sexual assault. He also denied that the encounter between Hegseth and an unnamed woman, which she alleges happened in 2017, was sexual assault. 🏈 The Kansas City Chiefs’ undefeated season is no more as the Buffalo Bills beat their AFC rivals 30-21 at home. Bills quarterback Josh Allen threw for 262 yards with one touchdown and one interception as Buffalo improved to 9-2.

Persons: Pete Hegseth’s, Democratic Party ’ Donald Trump, Chip Somodevilla, Kamala Harris ’, ”, Brent Booker, ” Booker, Mike Johnson, Trump, Brendan Carr, Roy Rochlin, Donald Trump, “, Parlatore, Dick Schoof, Nora Achahbar, NFL Gregory Bull, Greg Rosenstein, hird, 🐆 Organizations: Labor, Former Fox News, Union, Democratic Party, ’ International Union of, ”, Trump, Federal Communications Commission, Justice Department, FBI, Trump Pentagon, Fox News, NBC News, Washington Post, Authorities, Hegseth, Getty Images, Dutch, NFL, Los Angeles Chargers, Cincinnati Bengals, Sunday, NBC Locations: Amsterdam, Netherlands, West Palm Beach, Fla, Biden’s, ’ International Union of North America, Afghanistan, Hegseth’s, Monterey , California, Anadolu, Getty Images Amsterdam, Moroccan

WASHINGTON — President-elect Donald Trump announced Sunday that he has selected Brendan Carr to be chairman of the Federal Communications Commission. Carr is the top Republican commissioner on the FCC, the government agency tasked with regulating radio, television and cable communications. "Commissioner Carr is a warrior for Free Speech, and has fought against the regulatory Lawfare that has stifled Americans’ Freedoms, and held back our Economy," Trump said in a. In his chapter, Carr suggested TikTok should be banned if it fails to disentangle from its China-based parent company — an issue on which Trump held conflicting views before he joined the app himself this year. "Congress should do so by ensuring that Internet companies no longer have carte blanche to censor protected speech while maintaining their Section 230 protections," Carr wrote in Project 2025's book.

Persons: Donald Trump, Brendan Carr, Carr, Trump, TikTok Organizations: WASHINGTON, Federal Communications Commission, FCC, Freedoms, Innovators, Communications Locations: America, Big Tech, China

☆ Trump doubles down on provocative Cabinet picks as their fates hang in the balance
▼ + stars: | 2024-11-18 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Not all of Trump’s picks are causing uproar. But in a conventional administration, controversies raging around at least four key Cabinet picks would be seen as a disaster. The president-elect’s son explains the planGaetz and several other Trump picks have caused consternation in some circles given the questions about their qualifications and past behavior. That’s what the American people want.”It would take a handful of Republican senators to block the most provocative Trump nominees early next year, given that Democrats are likely to vote en masse against them. If he’s qualified, he’s qualified.”Missouri Sen. Eric Schmitt said he believed Trump’s nominees would get confirmed.

Persons: Donald Trump, Matt Gaetz, Tulsi Gabbard, Pete Hegseth, Robert F, Kennedy Jr, Hegseth, Trump’s, Intrigue, Gaetz, —, Kennedy, Florida Sen, Marco Rubio, Trump, he’s, ” Johnson, South Dakota Sen, John Thune, Mike Johnson, CNN’s Jake Tapper, “, ” Sen, Adam Schiff, Jim Himes, they’re, Matt Gaetz —, Robert Kennedy, Tulsi, ” Trump, Donald Trump Jr, ”, Sen, Markwayne Mullin, “ I’ve, … I’ve, Matt, ” Missouri Sen, Eric Schmitt, Alabama Sen, Tommy Tuberville, Pennsylvania Sen, John Fetterman Organizations: CNN, Washington, Republican Senate, Office, Fox News, Florida Republican, of Justice, Department of Health, Human Services, Senate, Trump, South, Louisiana Republican, California Democrat, Democrat, House Intelligence, Sunday, Connecticut Democrat, CBS, Republican, Fox Business, Oklahoma Republican, Press, ” Locations: Gaetz, — Russia, Washington, Florida, South Dakota, “ State, Louisiana, United States, California, Connecticut, ” Missouri, Alabama, Pennsylvania

☆ Mike Johnson says Congress needs to figure out the math behind Trump's tax cuts on tips
▼ + stars: | 2024-11-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

House Speaker Mike Johnson said Congress would need to figure out the math to make the plan work. Related Video The biggest revelations from Trump's tax returns"You have got to do the math. During his presidential campaign, Trump pledged a range of tax cuts. They include an extension of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut" — as well as eliminating taxes on overtime pay, Social Security checks, and tips. Other than tax cuts, Trump has pledged to implement across-the-board 60% tariffs on all Chinese goods and other tariffs on overseas goods.

Persons: Donald Trump, Mike Johnson, Johnson, Trump, —, Nouriel Roubini Organizations: Social Security, Trump Locations: CNN's, Arizona

☆ Jim Cramer says 'nothing truly dulls the case' for owning Tesla stock
▼ + stars: | 2024-11-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer made the case for owning Tesla stock, saying it's worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. "While I don't buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla," he said. "The Musk premium will work its magic in other ways, perhaps favorable municipalities and Tesla rentals next to federal highways." But Cramer suggested that the Trump team's plans for autonomous vehicles might be easier said than done. Cramer also stressed that Tesla stands apart from its EV peers because of its tech focus.

Persons: CNBC's Jim Cramer, Donald Trump, Elon Musk, Tesla, Trump, Cramer, Elon, Trump's Organizations: Bloomberg, Trump, Barclays, SpaceX

☆ Musk's DOGE wants to 'delete' entire government agencies. Here's where the most people are employed and what they make.
▼ + stars: | 2024-11-18 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

AdvertisementTrump picked Elon Musk and Vivek Ramaswamy to co-lead DOGE, a new government efficiency commission. Their aim is to cut government spending, and one idea they've floated is to ax federal agencies. Almost half a million people were employed in the Department of Veterans Affairs, while the Department of Education had just over 4,000. Most departments had six-figure average salaries, with the Department of Education and the Department of Energy having the highest averages. AdvertisementWhile DOGE can advise Trump on agencies to cut, the president-elect cannot act on it alone — making major changes to federal agencies would require congressional approval.

Persons: Elon Musk, Vivek Ramaswamy, they've, Elon, Ramaswamy, Karoline Leavitt, Vance, Trump, Musk, Ronald Reagan Organizations: Trump, GOP, Government, Fox News, Management, Department of Veterans Affairs, of Education, Treasury Department, Internal Revenue Service, Department of Education, Department of Energy, Washington DC, Grace Commission, Social Security, Medicare, Social, asheffey Locations: Elon Musk's, Washington, Grace

☆ Dollar sitting pretty, yen bears wary of Bank of Japan hawks
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +3 min

Yen bears were tense in case Bank of Japan Governor Kazuo Ueda used a speech later Monday to flag a possible rate hike in December, in part due to the weakness of the currency. Markets imply around a 55% chance of a quarter-point rate hike to 0.5% when the BOJ meets on Dec. 19. Against a basket of currencies the dollar held at 106.730, having touched a one-year top of 107.07 on Friday. The rally has coincided with a savage swing in 10-year Treasury yields, which have climbed 70 basis points since the start of October, fuelling a 5.4% rise in the U.S. dollar index . Analysts generally assume Trump's touted policies of tariffs, reduced immigration and debt-funded tax cuts will be inflationary, so limiting the scope for further rate cuts by the Federal Reserve.

Persons: Kazuo Ueda, Ueda, Donald Trump's, Katsunobu Kato, Jonas Goltermann, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent Organizations: Bank of Japan, U.S, Japanese Finance, Capital Economics, Trump, Federal Reserve, Central Bankers Locations: U.S, Japan, Canada

☆ Trump's new FCC pick is a win for Elon Musk
▼ + stars: | 2024-11-18 | by ( Bryan Metzger | Jessica Orwig | ) www.businessinsider.com time to read: +4 min

Carr is an ally of Elon Musk and has previously gone to bat for his company, Starlink. President-elect Donald Trump's nomination of Brendan Carr to chair the Federal Communications Commission (FCC) isn't just a win for conservative opponents of Big Tech. Elon Musk has transformed long-dormant industries, and he’s developed a first principles “production algorithm” to deliver results. In 2022, the FCC denied SpaceX nearly $886 million in government subsidies to provide satellite internet access in rural areas via the company's Starlink service. It's still proving itself as a viable internet service provider and is relatively expensive for the quality, CNN reported in August.

Persons: Trump, Brendan Carr, Carr, Elon Musk, Donald Trump's, isn't, It's, Musk, he’s, It’s, JySzEtCsyj — Brendan Carr, it's, —, Starlink, Trump's, Michael Romano, NTCA, Carr's, he's Organizations: Federal Communications Commission, Big Tech, Department of Government, Republican, Trump, GOP, Administrative State, Twitter, FCC, SpaceX, POLITICO, CNN, Senate Locations: Administrative, Brazil, American

Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.

Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, — Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,

☆ Brendan Carr wrote the FCC chapter in ‘Project 2025.’ Now he’s Trump’s pick for the agency
▼ + stars: | 2024-11-18 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

New York CNN —President-elect Donald Trump’s pick for chairman of the Federal Communications Commission, Brendan Carr, wasted no time in stating his priorities on Sunday night. Carr is now the senior Republican at the agency, which meant he was widely expected to get the chairman appointment. As chairman, Carr may be able to steer generous federal subsidies to Starlink. In his Project 2025 chapter, Carr laid out an agenda for the federal agency under a future Trump administration. The FCC chairman during Trump’s first term in office, Ajit Pai, had a very different set of priorities.

Persons: Donald Trump’s, Brendan Carr, Carr, ” Carr, Elon Musk, ”, Trump, NewsGuard, hasn’t, “ Carr, Gigi Sohn, Tom Wheeler, Trump’s, Ajit Pai, Pai, Jessica Rosenworcel, can’t Organizations: New, New York CNN, Federal Communications Commission, FCC, Democrats, Republican, Politico, Elon, Facebook, Twitter, Meta, Microsoft, Apple, Trump, Communications, Free Press, Democratic, Democrat Locations: New York, Big Tech

☆ Trump taps Brendan Carr to chair Federal Communications Commission
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration's telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said in a statement on Sunday. Carr, 45, is currently the top Republican on the FCC, the independent agency that regulates telecommunications. Last week, Carr wrote to Meta's Facebook, Alphabet's Google , Apple and Microsoft saying they had taken steps to censor Americans. Trump also sued CBS over its "60 Minutes" interview with Vice President Kamala Harris.

Persons: Brendan Carr, Donald Trump, Carr, Joe Biden's, Disney's, Trump, Kamala Harris Organizations: Energy, Communications, Technology, Biden, Big Tech, Federal Communications Commission, Republican, FCC, Elon, SpaceX, Commerce Department's, Facebook, Google, Apple, Microsoft, Sunday, Disney's ABC, NBC, Paramount, CBS

☆ The admitted and investigated drug use in some of Trump’s top picks
▼ + stars: | 2024-11-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —President-elect Donald Trump’s Cabinet picks are unique for many reasons. Kennedy brings his addiction worldview to prescription drugs such as those overseen by the Food and Drug Administration, which he would oversee if confirmed as HHS secretary. But Musk denied allegations of past drug use as reported in The Wall Street Journal early this year. Federal employees are barred from taking illegal drugs, and there are no reports to indicate that any of Trump’s Cabinet or other administration picks are using illegal drugs. CNN has reported that this year, Trump’s team is bypassing long and cumbersome FBI background checks for some of his Cabinet picks.

Persons: Donald Trump’s, Matt Gaetz, It’s, –, Gaetz, Robert F, Kennedy Jr, Kennedy, Kurt Andersen, ” Elon Musk, Matthew Perry, Joe Rogan’s, Musk, Larry Kudlow, Hunter, Hunter Biden, Trump, Fred, Theo Von’s “, ” Von, Von, Sackler, Xi Jinping, Biden, Joe Biden, Florida’s Organizations: CNN —, Drug Enforcement, Department of Health, Human Services, Harvard University, Food and Drug Administration, Fox News, “ Department, Government, NASA, SpaceX, Street, Trump, CNN, Biden White, of Justice, Supreme, Purdue Pharma, Republican Locations: Florida, South Dakota, China, Mexico

☆ Diddy's attorneys want to know how prosecutors got their hands on notes he had inside his Brooklyn cell
▼ + stars: | 2024-11-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

AdvertisementProsecutors took "improper possession" of Sean Combs' handwritten notes, his lawyers said Monday. The notes were taken from his jail cell and include "privileged attorney-client details," they said. His lawyers want an evidentiary hearing, at which prosecutors would explain what was taken and why. On Monday, Agnifilo countered that prosecutors' 30-page bail memorandum shows the filter team did not do its job. Combs, his defense team, and prosecutors are scheduled to return to court on Friday for the third round of bail arguments.

Persons: Sean Combs, Sean, Diddy, Combs, Arun Subramanian, Marc Agnifilo, Agnifilo Organizations: Prosecutors, US, of Prisons Locations: Manhattan, Brooklyn, Miami

☆ Trump picked a Project 2025 coauthor to run the FCC. Here's what it means for Big Tech.
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

He's the author of the FCC chapter of Project 2025, which hopes to cut Big Tech's immunity for content moderation. Carr's stance on Big TechIn his Project 2025 chapter, Carr writes that one of his four main goals for the FCC is "Reining in Big Tech." His interpretation of the section would give Big Tech immunity only against being compelled to take down content. AdvertisementHe proposed that Big Tech firms be compelled to make public their traffic and monetization algorithms, saying they now operate in a "black box." Carr's two other points in his Project 2025 chapter are to increase accountability measures for federal tech programs and to drive hard to develop 5G infrastructure.

Persons: Donald Trump, Brendan Carr, Carr, that's, Trump Organizations: Federal Communications Commission, FCC, Republican, Republicans, Department of Education, Innovators, Big Tech, Communications, Universal Service Fund, China's Locations: America, Big Tech, China, Russia, Iran

☆ Number of older adults who lost $100,000 or more to fraud has tripled since 2020, FTC says
▼ + stars: | 2024-11-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

In 2023, about 4,600 adults age 60 and older reported being defrauded of a six-figure sum, according to a report the FTC issued in October. Such thefts can be especially devastating to older adults, who have less opportunity to earn back what they've lost, greatly impacting their quality of life in old age, experts said. Common scams targeting older AmericansConsumers overall lost $10 billion to scams in 2023, a record high, according to the FTC. Older adults were 60% more likely than younger ones to report losses exceeding $100,000 last year, according to the FTC. Criminals commonly stole such vast sums from older adults via romance scams, investment frauds and imposter scams, the FTC said.

Persons: Karl, Josef Hildenbrand, That's, they've, John Breyault, Breyault, Crypto Organizations: Getty, Federal Trade Commission, National Consumers League, FTC, Finance, A.I, underreporting, Gallup, Microsoft, Publishers Clearing, Social Security Administration, Federal Bureau of Investigation, FBI

☆ Matt Gaetz: Florida court fight gives insight into the House review of sex allegations
▼ + stars: | 2024-11-18 | by ( Paula Reid | Tierney Sneed | ) edition.cnn.com time to read: +9 min

The House Ethics Committee probe into Gaetz, initially launched in 2021, ran into several obstacles, including a lack of access to records collected by a federal criminal investigation into Gaetz. In addition to the House Ethics Committee investigation, Gaetz was separately investigated by the US Justice Department for alleged sex trafficking, obstruction of justice and other potential crimes, but prosecutors declined to bring any charges. The House committee abandoned plans for a closed-door meeting Friday, when lawmakers were expected to consider the release of the report. When asked about the friend’s claim she had sex with Gaetz, Dorworth suggested in the deposition that both women made up their stories. Resignation brings House probe to a haltThe House Ethics Committee probe was started by House Democrats in 2021 but was put on hold while the Justice Department completed its criminal investigation.

Persons: Donald Trump’s, Matt Gaetz, Gaetz, –, Trump, “, ” Gaetz, ”, Joel Greenberg, Greenberg, Gaetz –, Kevin McCarthy, Christopher Dorworth, Dorworth, Johnson, Tapper, ” Dorworth, CNN’s Casey Gannon, Annie Grayer Organizations: CNN, President, Florida Republican, US Justice Department, Committee, DOJ, Department, Trump, Florida House, Justice Department, Miami Herald, House Democrats, Hill Locations: Florida, Orlando federal, ”, Seminole, Bahamas

☆ What is impoundment? How Trump thinks he can control spending without Congress
▼ + stars: | 2024-11-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —“Impoundment” is another word that Americans may need to learn in the vernacular of President-elect Donald Trump’s second term. Trump took the time to record a video about impoundment during the Republican primary season, and he promised seizing control over spending from Congress would be a top priority if he was elected. Impoundment occurs when Congress appropriates money that the president then declines to spend. As a result of these standoffs, Congress passed a law to curtail a president’s use of impoundment, particularly for policy reasons. The Impoundment Control Act of 1974 did a lot more than that, however.

Persons: Donald Trump’s, ”, Trump, Thomas Jefferson, Richard Nixon, Nixon, Volodymyr Zelensky, Joe Biden, Trump’s, “, Vivek Ramaswamy, Elon Musk, DOGE –, Ramaswamy, ” Ramaswamy, Matt Gaetz, Jimmy Carter, It’s Organizations: CNN, Senate, Republican, Congress, Congressional Research Service, Office, Capitol, Supreme, overreach, Elon, “ Department, Government, Alcohol, Tobacco, Firearms, Explosives, Ramaswamy, Department of Education, Nuclear Regulatory, Trump, FBI Locations: Mississippi, Louisiana, France, Ukraine, Trump’s, Ohio, Washington

☆ Grocery prices are high. Trump’s mass deportations could make matters worse
▼ + stars: | 2024-11-18 | by ( Matt Egan | Maya Blackstone | ) edition.cnn.com time to read: +9 min

Soon, Trump’s ability to fix America’s affordability crisis will collide head-on with another, perhaps more prominent, campaign trail promise: Mass deportations. And perhaps no industry relies on undocumented workers more than the food and agriculture industries. “The only question is how high prices will go.”Zandi noted that food prices could also be pushed higher by another element of the Trump agenda: Massive tariffs. The Trump transition team did not respond to a request for comment about how mass deportations would impact food prices. The current immigration system does not allow for green cards for farm workers.

Persons: Donald Trump, Trump, you’re, ”, Chuck Conner, don’t, Conner, Fred Leitz, Leitz, Mark Zandi, “, ” Zandi, Trump’s, It’s, Rick Naerebout, that’s, Biden, Scott Bessent, ” Bessent, Axios, Trump “, David Paul Morris, Zeke Hernandez, “ It’s, Hernandez, Chloe East, Letiz, Naerebout, “ aren’t, ” Robert Lynch, Lynch, —, ” Naerebout Organizations: New, New York CNN, CNN, National Council of Farmer Cooperatives, US Department of Agriculture, Center for American Progress, Moody’s, Trump, United, Idaho Dairymen’s Association, Wall, Bloomberg, Getty, Wharton School, University of Pennsylvania, Immigration, University of Colorado Denver, The Hamilton, Brookings Institution, Washington College, American Locations: New York, United States, Michigan, Idaho, San Francisco, Brookings, Maryland

☆ Meet the top 4 candidates Trump is considering for Secretary of the Treasury
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

AdvertisementLast week, Trump was said to be deciding between two leading candidates for Treasury Secretary. Here are the top picks Trump is reportedly now considering for Secretary of the Treasury. Kevin WarshKevin Warsh, center, is rising as one of the candidates for Trump's Treasury Secretary. AdvertisementMarc RowanMarc Rowan isn't said to be actively lobbying for Treasury Secretary, but his aides have reportedly been in touch with the Trump administration. Drew Angerer/Getty ImagesBessent, 62, was one of the original frontrunners for Trump's Treasury Secretary.

Persons: Trump, Kevin Warsh, Marc Rowan, Donald Trump, Robert F, Kennedy Jr, Florida Sen, Marco Rubio, Janet Yellen, he's, it's, Kevin Warsh Kevin Warsh, Tasos Katopodis, Warsh, Morgan Stanley, George W . Bush, Axios, Jerome Powell, Marc Rowan Marc Rowan isn't, PETER, Getty Images Rowan, Rowan, Rowan isn't, Howard Lutnick Howard Lutnick, ANGELA WEISS, Cantor Fitzgerald, Lutnick, Linda McMahon, He's, Vance, Elon Musk, Musk, Scott Bessent Scott Bessent, Drew Angerer, Bessent, George Soros, Soros, Breitbart, Kamala Harris, Joe Biden's, MAGA Organizations: Treasury, White, Department of Health, Human Services, State Department, Trump, Street, New York Times, Trump's, Federal Reserve Board, Getty Images, Apollo Global Management, Apollo, Times, Bloomberg, Madison, Garden, AFP Lutnick, WWE, Hamptons, Apple, World Trade, Key, Capital Management, Reuters Locations: Florida, America, Lago

☆ Russia is locking up butter as inflation crisis reaches new heights
▼ + stars: | 2024-11-18 | by ( Analysis Tim Lister | ) edition.cnn.com time to read: +8 min

But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. “Prices are rising because of the war,” Alexandra Prokopenko at the Carnegie Russia Eurasia Center in Berlin told CNN. The military budget will rise by nearly a quarter in 2025, amounting to one-third of all state spending and 6.3 per cent of gross domestic product. Analysts don’t see the Russian economy as tumbling over a precipice but instead as a slowly gathering crisis. Russia has traditionally turned to central Asia for unskilled labor, and Putin recently suggested more foreign workers are needed.

Persons: ” Alexandra Prokopenko, Vladimir Putin, Putin, ”, Anton Vaganov, ” Prokopenko, Natalia Kolesnikova, Vladislav Inozemtsev, Prokopenko Organizations: CNN, Carnegie Russia Eurasia Center, “, Reuters, Russia’s Alfa Bank, Alfa, Monetary Fund, Russia’s State Statistics Service, Getty, Central, United Nations, UK Defense Ministry, Atlantic Council Locations: Russia, Ukraine, Berlin, Saint Petersburg, United States, Asia, Turkey, Russian, India, China, AFP, Moscow, Central Asia, East, South Korea, Dubai

☆ Trump's Treasury Secretary: The best commentary about who the president-elect should nominate
▼ + stars: | 2024-11-18 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

After announcing a swathe of names for his Cabinet, president-elect Donald Trump appears to be conducting auditions for his Treasury Secretary. AdvertisementHere's some of the best commentary we've seen about the race to be the next Treasury Secretary. Blowups somewhere are inevitable, and a Treasury secretary needs the experience to deal with the fallout in a way that reassures markets. There could now be a contest for Treasury Secretary where … the no1 job is reassuring the markets. In return he might be rewarded with the job of treasury secretary.

Persons: Donald Trump, Scott Bessent, Howard Lutnick, Marc Rowan, Kevin Warsh, Cantor Fitzgerald, Trump, Rowan, Apollo, Jay Powell, Warsh, Powell, hasn't, Kyle Bass, Mike Allen, You've, Ian Bremmer, Marco Rubio, Mike Waltz, Biden, Mr Lutnick, Mr Trump, … Mr Lutnick, …, Mr Lutnick's, John Thune, Jeff Stein Organizations: Key Square Capital Management, Apollo Global Management, Federal Reserve, New York Times, The Times, Times, Hayman Capital Management, X, Trump's, Treasury, CNBC, Trump, Fed, White, National Economic Council, Eurasia Group, Bloomberg, The, The Washington Post Locations: X U.S, Eurasia, Washington, United States, The Washington

☆ BMO sets next year's S&P 500 target at 6,700, or a 14% gain from here
▼ + stars: | 2024-11-18 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Stocks still have significant gains in front of them heading into 2025, at least according to BMO Capital Markets. Although bull markets over the past 50 years have averaged about six years in length, the current bull market is just starting its third year but, unfortunately, the third year of past bull markets have been the weakest of the bunch, he cautioned. .SPX YTD mountain The S & P 500 is little changed on Monday, but has gained about 23% in 2024. Heading into 2024, the S & P 500 had advanced more than 24% in 2023. The latter envisions the S & P 500 ending 2025 at 5,500, or about a 6% decline from the index's current price, mostly as a result of inflation picking up steam.

Persons: Stocks, Brian Belski, Belski, Belksi Organizations: BMO Capital Markets, BMO, Federal Reserve, & $ Locations: Canadian

☆ Meet the Press – November 17, 2024
▼ + stars: | 2024-11-17 | by ( ) www.nbcnews.com time to read: +58 min

And by the way, I do believe that President Trump has the ability to pick some really, really good people. We've seen what they've done to President Trump, we've seen the attacks that they continue to go after him with. That's - that’s being taken completely out of context. And President Trump hasn't been the one that weaponized the DOJ to go after his political enemies. I think that's a pretty controversial pick, from whatever pronoun that he or he - he or she decides to use.

Persons: KRISTEN WELKER, Donald Trump’s, SEN, LISA MURKOWSKI, SUSAN COLLINS, KEVIN CRAMER, JOHN BOLTON, Trump’s, Trump, MIKE JOHNSON, JOHN, CHUCK SCHUMER, DONALD TRUMP, Hakeem Jeffries, Markwayne Mullin, Amna Nawaz, Eugene Daniels, Jen Psaki, Lanhee Chen, it’s, Kristen Welker, Donald Trump, Matt Gaetz, Gaetz, who's, we're, Mike Johnson, Johnson, MATT GAETZ, Robert F, Kennedy Jr, Kennedy, he's, ROBERT F KENNEDY JR, I'm, I've, LEX FRIDMAN, Trump's, Pete Hegseth, Hegseth, ” Hegseth, SHAWN RYAN, PETE HEGSETH, Mullin, Press . SEN, MARKWAYNE MULLIN, Kristen, you've, Kristi Noem, Matt Gaetz's, they're, Matt, Here's, We've, we've, Biden, Hunter Biden, didn't, Trump hasn't, Garland, Pete, Bobby Kennedy, Bobby, Rachel, Sam, There's, Pete Buttigieg, Let's, Kristen –, there's, let's, Chuck Schumer, Obama, Canning, we'll, He's, Jeffries, HAKEEM JEFFRIES, Roe, Wade, Pelosi's, Pelosi, It's, Nancy Pelosi, Jim Clyburn, Steny Hoyer, That's, should've, Kamala Harris, it's, Matt Gaetz –, Tulsi Gabbard, Debbie Wasserman Schultz, DEBBIE WASSERMAN SCHULTZ, Assad, She's, Dick Durbin, Donald Trump's, Politico “ Playbook, AMNA NAWAZ, Jim Mattis, Rex Tillerson, John Kelly, Eugene, EUGENE DANIELS, –, Susan Collins, hasn't, LANHEE CHEN, aren't, Doug Burgum, Marco Rubio, Elise Stefanik, Jen, JEN PSAKI, – AMNA NAWAZ, that's, Thune, Biden's, George W, Bush, Joe Biden, JOE BIDEN, – I’ve, —, – JEN PSAKI, Elizabeth Warren, Bernie Sanders, We're, We'll Organizations: GOP, Democratic, Oklahoma, PBS, White House Press, Hoover Institution, Press, NBC, Department of Justice, Mar, FBI, CDC, ATF, DOJ, NBC News, Republicans, of Health, Human Services, Defense, Fox News, Police, Republican, Pentagon, Press ., Trump, Senate, Biden, White, Justice Department, America, Senate Armed Services Committee, The Washington, HHS, of Energy, Department of Transportation, RFK Jr, ’, House Democratic, Democracy, REP, House Democrats, Social, Medicare, Democrats, Committee, of, Politico, Stanford University, Trump’s, Gaetz, Department of Defense, Office, Mr, Republican Party, Democratic Party Locations: Washington, America, Florida, Monterey , California, States, Oklahoma, Russia, United States, Afghanistan, Iraq, New York, American, Syria, Russian, Will, California, –, Trump

Following Trump’s decisive election victory, many DOJ officials and career staffers were already nervous about the possibility that they would be targeted by Trump loyalists, particularly members of Congress. “Everything we did was above board,” said a former senior FBI official, who has started contacting lawyers because he expects to be prosecuted himself. “Agents have to do 20 years,” the former senior FBI official said. DOJ and FBI officials say that the Trump investigations were carried out properly. Now, a new group of DOJ and FBI officials are facing the prospect of hefty legal fees as well.

Persons: Trump, Matt Gaetz, ”, elect’s, beholden, Gaetz, “, “ Trump, Wally Skalij, Weeks, Stephen Cheung, Witch Hunt, ” Cheung, Stephen Gillers, General Merrick Garland, Trump’s, Garland, Mike Davis, Jack Smith, Smith, Donald Trump, Jacquelyn Martin, Ilya Somin, ” Somin, Robert Mueller, Paul Manafort, Bill Barr, John Durham, Russia’s, Durham, Jack Smith’s, ” Gillers, Captain Ahab Organizations: Justice Department, FBI, Trump loyalists, Trump, “, DOJ, Los Angeles Times, Getty Images Trump, New York University Law School, ”, DOJ DOJ, Department, Justice, George Mason University, Russia, CIA, NYU Locations: Coachella , Calif, Washington, Gaetz

☆ How century-old arbitration laws are failing consumers in the digital age
▼ + stars: | 2024-11-17 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +10 min

AdvertisementLarge companies like Disney and Uber have arbitration clauses in their Terms of Use. AdvertisementIt's a near-century-old practice that some legal experts say should be modernized for the digital age. The Disney caseIn the case of large companies, arbitration clauses included in one service can often apply to any service the company offers. AdvertisementHow consumers protect themselves from arbitration clausesCammarata said one way consumers can navigate arbitration is to check if a company's terms of use has an opt-out clause. Lee said that while courts tend to be critical of arbitration clauses in employment agreements, they're less so regarding things like streaming services or rideshare apps.

Persons: David Horton, Jeffrey Piccolo's, Kanokporn Tangsuan, Tangsuan, Piccolo, Disney, Josh D'Amaro, Joseph Cammarata, Sherman, Siegel, P.C, John, Georgia McGinty, Uber, Stark, John McGinty, Georgia McGinty Stacey Lee, Johns, Lee, Cammarata, it's, John Carpenter, Carpenter, Zuckerman Organizations: Disney, University of California, Davis, School of Law, University of Pennsylvania, New, New York State, Disney Springs, Planet Hollywood, Walt Disney, Getty, Ninth, Business, Washington DC, of, Georgia, Johns Hopkins Carey Business School, Association of America, Federal Locations: New York, Central Florida, Orange County , Florida, Chaikin, Washington, Georgia, Superior, of New Jersey, California

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