Tag: Elections

2024-10-23

Market reckoning on spending is coming after election

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Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government’s current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government’s hand after the election in addressing it. “We are going to be broke really quickly unless we get serious about dealing with our spending issues,”…

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2024-10-22

Trump tax plans could exempt 93 million Americans from income taxes

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Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates. As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks. So far, the…

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2024-10-21

elections, hurricanes to affect retail spending

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People look at the holiday window displays at a Macy’s store in Herald Square on December 11, 2023 in New York City. Michael M. Santiago | Getty Images Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty. Several hard-to-predict factors will influence consumers’ spending, as they deck the halls and look…

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2024-10-20

More Trump sealed files released in Jack Smith Jan. 6 election case

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U.S. President Donald Trump speaks during a “Save America Rally” near the White House in Washington, D.C., U.S., on Wednesday, Jan. 6, 2021. Bloomberg | Getty Images A federal judge on Friday ordered the release of more than 1,800 pages of documents filed by special counsel Jack Smith in the criminal election interference case against former President Donald Trump….

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2024-10-15

Trump or Harris? 2024 stakes for America’s businesses

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Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month away, the country and its corporations are staring down two drastically different options. For airlines, banks, electric vehicle makers, health-care companies, media firms, restaurants and tech giants, the outcome…

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2024-10-14

Elon Musk could become world’s first trillionaire

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Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires Index. By the end…

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2024-10-09

Economic tailwinds boost Kamala Harris in election homestretch, economists say

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The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the end of an extremely close presidential race between Vice President Kamala Harris and former President Donald Trump, and while voters say the economy is a top priority. Nonfarm payrolls added 254,000 jobs in September, while the unemployment rate fell…

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2024-09-30

Kamala Harris promises to fight inflation

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Democratic presidential candidate Vice President Kamala Harris and her husband, Doug Emhoff, stop at a Sheetz gas station in Coraopolis, Pennsylvania, on Aug. 18, 2024. Angela Weiss | AFP | Getty Images As she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order to rein in voters’…

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2024-09-29

Shigeru Ishiba wins LDP election, set to become Japan’s next prime minister

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Shigeru Ishiba, Japan’s former defense minister, delivers his campaign speech for the Liberal Democratic Party’s (LDP) presidential election in Tokyo, Japan, on Thursday, Sept. 26, 2024.  Bloomberg | Bloomberg | Getty Images Former defense minister Shigeru Ishiba has won his fifth bid to become the leader of Japan’s ruling party on Friday, lining him up to become the country’s…

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2024-09-27

New York mayor charged in corruption case

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A federal indictment charging New York City Mayor Eric Adams with a decade-long campaign contribution scheme, bribery and other crimes was unsealed Thursday morning, hours after FBI raided his Gracie Mansion residence and seized his phone. The 57-page indictment accuses Adams of five criminal counts related to obtaining illegal donations for his 2021 mayoral campaign, and accepting free luxury…

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