Yellen's Las Vegas stop shows Bidenomics can be a tough sell:
reuters.com/world/us/yellens-las-vegas-stop-shows-bidenomics-can-be-tough-sell-2023-08-15/
Quick Glance: Yellen's Las Vegas Appearance Highlights Challenges of Bidenomics
- Americans like Hargrove are experiencing the benefits, but it remains uncertain if this approach will secure the votes Biden needs in 2024.
- Yellen addressed the persistently low polling numbers for Biden and his handling of the economy, stating that a large and growing share of Americans feel good about their personal situation, despite giving the overall economy negative ratings.
- Harrison believes the administration is not doing enough to engage with swing states like this one.
- She plans to vote for Biden again.
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| Last Updated | Aug 16 23 |
| Total Articles | 3 |
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Yellen’s Las Vegas stop shows Bidenomics can be a tough sell: As the 2024 election season draws closer, US President Joe Biden and his team are traveling the ...
rappler.com/business/janet-yellen-las-vegas-stop-shows-bidenomics-tough-sell/
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Yellen’s Las Vegas stop shows Bidenomics can be a tough sell: As the 2024 election season draws closer, US President Joe Biden and his team are traveling the ...
rappler.com/business/janet-yellen-las-vegas-stop-shows-bidenomics-tough-sell/
Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
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Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
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Las Vegas to Los Angeles in two hours will become a rail reality in 2028: A high-speed train is set to take passengers between Las Vegas and Los Angeles by 2028 ...
csmonitor.com/USA/2024/0422/high-speed-rail-line-construction-lasvegas-losangeles
Paid articlePaidQuick Glance: Building Commences on High-Speed Rail Line Between Sin City and City of Angels
- Work is set to begin on a $12 billion high-speed passenger rail line between Las Vegas and the Los Angeles area.
- Brightline West aims to lay 218 miles of new track between a terminal south of the Las Vegas Strip and a new facility in Rancho Cucamonga, California.
- The project is touted as the nation's first true high-speed passenger rail line, designed to reach speeds of 186 mph comparable to Japan’s Shinkansen bullet trains.
- The trains will offer restrooms, Wi-Fi, food and beverage sales, and luggage check options, with an expected 11 million passengers per year and fares well below airline travel costs.
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
Paid articlePaidQuick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
JPMorgan CEO Dimon says US economy is booming: JPMorgan Chase CEO Jamie Dimon expressed confidence on Tuesday in a robust U.S. economy backed by strong ...
reuters.com/markets/us/jpmorgan-ceo-dimon-says-us-economy-is-booming-2024-04-23/
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
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Paid articlePaid Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
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China Is Front and Center of Gold’s Record-Breaking Rally: Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China ...
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Wall Street Banks Face CFTC Probe of NDAs in Swaps, Clearing Businesses: A top financial regulator is asking large Wall Street banks for non-disclosure ...
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President Joe Biden says he's 'happy to debate' Donald Trump. Trump says he's ready to go
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Gold’s Record-Setting Rally May Have Its Roots in Chinese Frenzy: Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher ...
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Paid articlePaid Israel Credit Rating Downgraded by S&P on Heightened Geopolitical Risk: Israel was downgraded by S&P Global Ratings, which joined Moody’s Investors Service ...
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Bill Gross Says Stick to Value Stocks, Avoid Tech as Treasury Yields Soar: Bill Gross offered some advice to investors as Treasuries and equities slumped ...
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Forecasting pioneer: ‘A lot would have to go wrong for Biden to lose’: A notable forecaster of presidential elections said in a recent interview that “a lot ...
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US TikTok Divest-or-Ban Bill Raises Questions of How China Will Respond: Now that President Joe Biden has signed off on a law that could expel TikTok from the US ...
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Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
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- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Biden picks up another big union endorsement, this one from building trades workers
apnews.com/article/joe-biden-union-endorsement-651dd9dd2eb8e16ab898366e9501dc4e
Yen (JPY) Short Bets Hit a Record Ahead of BOJ Meeting: Traders upped bearish yen positions to a record high in the days ahead of the Bank of Japan’s policy ...
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Paid articlePaid US Small-Business Rent Delinquencies Rise to a Three-Year High: The delinquency rate for US small businesses climbed to a three-year high this month ...
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Paid articlePaid Stock Market Today: Dow, S&P Live Updates for April 19: A selloff in the world’s largest technology companies hit stocks, with the industry that has powered the ...
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Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches New Way: The Federal Reserve is stuck in a mode of forecasting and public communication ...
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Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
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US Vice President Kamala Harris hosted Kim Kardashian at the White House to discuss criminal justice reform, after the Biden administration granted clemency to ...
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Snap Stock Jumps After Sales Projections Beat Estimates on Ads: Snap Inc. gained in extended trading after projecting that revenue in the current quarter will ...
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Paid articlePaid G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
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Paid articlePaid Switzerland Blocks More Than $14 Billion of Russian Assets: Switzerland has blocked 13 billion francs ($14.3 billion) in Russian assets held in the country ...
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Paid articlePaid Some Nikki Haley voters are hanging on to her candidacy and, like her, refuse to endorse Trump
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Starbucks and US workers' union meet for contract negotiations: Starbucks held contract negotiations with the Workers United union over a two-day session in ...
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Gold (XAUUSD) Falls Again After Biggest Daily Slump in Almost Two Years: Gold extended losses after its biggest daily decline in almost two years ...
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US Bitcoin (BTC) ETFs Suffer One of Worst Outflows as Token Wavers: Investors pulled a net $218 million from US Bitcoin exchange-traded funds ...
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Paid articlePaid Singapore Bank Fires Workers Over Misuse of Medical Claims: CNA: Bank of Singapore Ltd., the private-banking arm of Oversea-Chinese Banking Corp. ...
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US Treasury Yields Rise as Price Pressures Cast Doubt on Fed Rate-Cut Path: Treasury yields rose to 2024 highs as evidence of sticky US price pressures casts ...
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Jefferies CEO Just Sold $65 Million of Company Stock. He’s Buying a Yacht.: Jefferies CEO Rich Handler said the boat will be a “gift to myself and my family” and ...
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Paid articlePaid Walmart’s Rob Walton to Retire From Board: Chipotle CEO Brian Niccol will replace his spot on the board of directors.
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The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
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FTC votes to ban noncompete agreements for most workers: U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule ...
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Quick Glance: US implements ban on worker 'competition agreements' with business groups filing lawsuits
- The U.S. Federal Trade Commission has approved a framework to eliminate agreements often signed by employees to refrain from joining their employers' competitors or establishing rival businesses.
- The ban on noncompete agreements is projected to boost worker earnings by up to $488 billion over the next decade and facilitate the establishment of over 8,500 new businesses annually.
- Prominent business associations have criticized the framework and declared legal actions, contending that noncompete agreements assist companies in safeguarding trade secrets and advancing competitiveness.
- Unions have endorsed the FTC's vote in favor of the ban, hailing it as a significant triumph for workers that will enhance the national economy by fostering entrepreneurship.
Latin America Sees Low-Rate Dreams Crumble, Political Woes Rise: The region that led the world into a promising cycle of interest rate cuts is warning that ...
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Union leader endorsing Biden: ‘We’re not gonna waste a lot of time’ on Trump supporters
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Senate Votes to Push Ukraine and Israel Aid Bill Toward Final Passage: The overwhelming bipartisan vote for the long-stalled $95.3 billion aid package capped a ...
nytimes.com/2024/04/23/us/politics/senate-aid-package-ukraine-israel-taiwan.html
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
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Paid articlePaid Stock Market Today: Dow, S&P Live Updates for April 25: Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether ...
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Paid articlePaidQuick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24
- Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.
- Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.
- Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.
- JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.
TikTok Divest-or-Ban Bill Expected to Become US Law Within Days: The US House on Saturday put legislation forcing TikTok’s Chinese parent ByteDance Ltd ...
bloomberg.com/news/articles/2024-04-20/tiktok-divest-or-ban-bill-expected-to-become-us-law-within-days
Paid articlePaidQuick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
Revival in Japanese Stock Market Hinges on Domestic Demand Taking Hold: Japan’s stock market needs to see more domestically-oriented companies step up their game ...
bloomberg.com/news/articles/2024-04-25/revival-in-japanese-stock-market-hinges-on-domestic-demand-taking-hold
Biden administration pushes back plan to ban menthol cigarettes: The Biden administration has reportedly abandoned its plans to ban menthol cigarettes after ...
thehill.com/homenews/administration/4624481-biden-dropping-plan-ban-menthol-cigarettes-report/
Quick Glance: Biden administration faces delays in menthol cigarettes ban
- The planned implementation of a ban on menthol cigarettes in the US is expected to take 'significantly more time,' according to US Health and Human Services Secretary Xavier Becerra in a statement on Friday.
- In April 2022, the US Food and Drug Administration (FDA) initially announced the ban on the popular mint flavor, setting a deadline for August 2023. Final rules were sent to the White House Office of Management and Budget for review in October, with the status listed as 'pending.'
- According to the proposed FDA regulations, the manufacturing and sale of menthols would be prohibited, without direct regulation of smokers themselves.
- A prohibition on menthol cigarettes could potentially save up to 650,000 lives over the next 40 years, with a third of these lives being saved within the black community, as stated by the Campaign for Tobacco-Free Kids.
EXCLUSIVE: Kind Founders Reveal How They're Building A Better Web3 For Creators, Gamers And Communities -
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CNN Poll: Few think Trump is being treated the same as other defendants: As the first criminal prosecution of a former American president began just 13% ...
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Here's Who's Winning the Global Fight for AI Talent: Inside the competition for top-tier researchers.
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Paid articlePaid Household Debt Hits Record High As Indians Splurge, Study Shows: India’s household debt likely surged to a record in the final three months of last year ...
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Paid articlePaid Gold Continues to Boom. The Major Buyer: Central Bankers: Central banks have long been supporting players in the demand for gold. But the sanction on dollar ...
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Biden notches another union endorsement as building trades back reelection: President Joe Biden secured another union's backing on Wednesday as the organization ...
reuters.com/world/us/biden-notches-another-union-endorsement-building-trades-back-reelection-2024-04-24/
Quick Glance: Biden criticizes Florida's abortion ban and holds Trump accountable
- President Biden condemns the upcoming 6-week abortion ban in Florida.
- He blames Trump for appointing justices who overturned Roe v. Wade.
- Biden's campaign focuses on abortion rights to mobilize voters.
- Efforts to leverage Florida's abortion laws for political gain are highlighted.
TSMC Outlook Beats Estimates as AI Demand Helps Propel Business: Taiwan Semiconductor Manufacturing Co. expects revenue to rise as much as about 30% this quarter ...
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Quick Glance: TSMC Forecasts Q2 Growth Due to 'Insatiable' AI Demand
- TSMC, the world's largest chipmaker, forecasts a potential up to 30% increase in sales in the second quarter, driven by strong demand for semiconductors used in artificial intelligence (AI).
- The CEO of TSMC emphasized the insatiable demand for energy-efficient computing power for AI applications, stating that almost all AI innovators are collaborating with the company.
- Benefiting from the AI wave, TSMC expects revenue from AI servers to surpass 20% by 2028. The company anticipates that strong demand for its 3nm and 5nm technologies will support business in the second quarter of 2024.
- Forecasts for 2024 indicate TSMC's positive outlook, with expectations of revenue rising in the low- to mid-20% range. Despite sluggish smartphone demand, the company remains optimistic about the future due to the ongoing demand for advanced chip technologies.
Tech Rally Propels Emerging Stocks to Best Week Since July: Emerging-market stocks rose Friday, cementing their biggest weekly advance in nine months ...
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Paid articlePaid Traders See Cocoa Rally Top $15,000 on Lingering Supply Shortage: Cocoa prices have been on a tear this year and the rally may have even more room to run as bean ...
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Smokeless Products Are the Future of Big Tobacco. This Company Is Losing the Race.
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Drop in BOJ’s Bond Holdings Gives Market Taste of Quantitative Tightening: Investors in Japanese government bonds have already had a taste of quantitative ...
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Dovish BOJ Decision Paves Way for Even Weaker Yen, Analysts Say: The Bank of Japan largely left its monetary policy settings unchanged Friday ...
bloomberg.com/news/articles/2024-04-26/dovish-boj-decision-paves-way-for-even-weaker-yen-analysts-say
Bubble Tea Maker Chabaidao Debuts After HK’s Biggest IPO of 2024: Chinese bubble-tea maker Sichuan Baicha Baidao Industrial Co., also known as Chabaidao ...
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Paid articlePaid China Overseas Investment Is at Eight-Year High as Firms Build Factories Abroad: China’s overseas investment is heading for an eight-year high as its dominant ...
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Paid articlePaid PepsiCo’s Earnings Are Tuesday. Wall Street Is Looking Further Ahead.: PepsiCo’s results are expected to highlight the challenge consumer-products companies face ...
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Paid articlePaid US Stock Market Uncertainty Has Traders Buying Put Options to Hedge Portfolios: Stock market investors who have been reluctant to hedge their portfolios in the ...
bloomberg.com/news/articles/2024-04-24/reluctant-traders-protect-themselves-from-further-market-mayhem
Paid articlePaid Pantera Capital Seeks to Raise $1 Billion for a New Crypto Fund: Pantera Capital, one of the largest managers of digital assets, is seeking to raise more than $1 ...
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Paid articlePaid Supreme Court will decide if Trump has immunity in election case: The Supreme Court seems highly skeptical of former President Donald Trump’s claim of absolute ...
apnews.com/article/supreme-court-trump-capitol-riot-prosecution-immunity-72c885c07c77970d4380206f87b2d8ca
Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order
- Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.
- Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.
- Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.
- Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.
UMB Financial in Talks to Acquire Rival Bank Heartland: UMB Financial Corp. is in talks to acquire rival Heartland Financial USA Inc., people with knowledge of ...
bloomberg.com/news/articles/2024-04-26/umb-financial-in-talks-to-acquire-rival-bank-heartland
Paid articlePaid Crypto Hedge Funds Lured by Returns of Memecoins, Like Dogwifhat (WIF): The hedge fund world appears to be finding the siren song of memecoins irresistible.
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Paid articlePaid Nursing homes must hit minimum staffing levels under new federal rule: Nursing homes will be required to have minimum levels of front-line caregivers for the ...
thehill.com/policy/healthcare/4610990-nursing-homes-minimum-staffing-level-federal-rule/
Quick Glance: Biden's Landmark Staffing Mandate for Nursing Homes
- The Biden administration has implemented first-ever staffing requirements for nursing homes to enhance care quality.
- The rule mandates 24/7 registered nurses and a minimum of 3.48 hours of care per resident daily.
- Industry voices concerns over staff shortages, estimating a need for over 100,000 additional workers.
- The new regulations will be phased in and could potentially lead to facility closures for non-compliance.
Dubai Mansion Sales Soar as Wealthy Flock to Palm-Shaped Island: Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first ...
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Finally, America’s Congress does right by Ukraine: Disaster has been dodged. But the political malaise that delayed the Ukraine funding bill remains
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GE Aerospace’s Earnings Are Going to Be Strange. Stay Tuned.: The results cover both GE Aerospace and GE Vernova because the two were still a single company ...
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Good News for Biden on Growth, Bad News on Inflation Fight: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-24/good-news-for-biden-on-growth-bad-news-on-inflation-fight
Handelsbanken Earnings Miss as Growing Costs Draw More Focus: Svenska Handelsbanken AB reported first-quarter earnings that missed analyst estimates and signaled ...
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Paid articlePaid Cocoa Price Swings Are the Craziest Since the 1970s: Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over ...
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Paid articlePaid Emerging Markets Extend Bounce to Second Day After US PMI Miss: Emerging-market stocks rose for a second session amid signs of easing tensions in the Middle East ...
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Paid articlePaid Hedge Funds Snap Up Japan Rates Traders With Prospect of Higher Salaries: The upending of Japan’s government bond markets after almost a decade of predictability ...
bloomberg.com/news/articles/2024-04-22/hedge-funds-snap-up-japan-rates-traders-in-bet-on-comeback
Paid articlePaid Investors Balk at Private Equity Firms Borrowing Against Their Funds’ Assets: Private equity firms are attempting to get blanket permission to borrow against ...
bloomberg.com/news/articles/2024-04-24/investors-balk-at-pe-firms-borrowing-against-their-funds-assets
Paid articlePaid New US Home Sales Jump to Highest Level Since September: Sales of new homes in the US bounced back in March in a broad advance as prospective buyers toughed out ...
bloomberg.com/news/articles/2024-04-23/new-us-home-sales-jump-to-highest-level-since-september
Paid articlePaid Is Columbia’s president next to go amid pro-Palestinian protests?: Columbia President Minouche Shafik is falling under bipartisan criticism over the ...
thehill.com/homenews/education/4615605-columbia-pro-palestinian-protests-gaza-israel/
Electric Cars in Norway May Push Diesel Rivals Off Top by 2026: Norway, the pioneer in abandoning combustion-engine automobiles, may see electric cars become the ...
bloomberg.com/news/articles/2024-04-19/electric-cars-in-norway-may-push-diesel-rivals-off-top-by-2026
Cash-Advance Company Sued by New York Got Funding From Hedge Fund Billionaire: One man started a cash-advance company. The other was a retired investing legend ...
bloomberg.com/news/articles/2024-04-23/cash-advance-company-sued-by-new-york-got-funding-from-hedge-fund-billionaire
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