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Keyword: cnbc

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  • Virginia Supreme Court strikes down redistricting push in blow to Democrats

    05/08/2026 11:20:29 AM PDT · by ding_dong_daddy_from_dumas · 37 replies
    CNBC ^ | May 8 2026 | Justin Papp
    The Virginia Supreme Court on Friday struck down the state’s recently passed redistricting referendum, dealing a massive blow to Democrats who hoped to gain several seats from new House maps. The redistricting ballot measure passed by three percentage points in late April in what was seen at the time as a major win for Democrats, who stood to gain as many as four seats from redrawn maps ahead of the November midterms. The Virginia Supreme Court decision comes amid an ongoing partisan gerrymandering war and as Republican-led states across the South are working to redraw their House districts after a...
  • He pitched military service with a promise of lifetime healthcare. When he needed it, the system failed.

    05/08/2026 6:50:05 AM PDT · by CondoleezzaProtege · 70 replies
    NBC ^ | May 2026 | Jason Kane, Sara G. Miller, Berkeley Lovelace Jr. and Erin McLaughlin
    For more than a decade, Guy Shoemaker pitched military service to potential new recruits with one key promise: healthcare for life. “You’re going to have medical and dental for the rest of your life,” said Shoemaker, a retired Army sergeant first class and recruiter who spent a year in Afghanistan. “I used that phrase too many times.” That promise held up when Shoemaker, 64, of Fort Worth, Texas, was diagnosed with throat cancer in 2021. TRICARE — the military’s healthcare program for active service members, retirees and their families — covered the chemotherapy, radiation and years of follow-up care that...
  • Trump’s abrupt U-turn on a plan to reopen the Strait of Hormuz came after backlash from allies

    05/06/2026 5:46:47 PM PDT · by McGruff · 86 replies
    NBC News ^ | May 6, 2026 | Mosheh Gains, Courtney Kube, Andrea Mitchell, Natasha Lebedeva and Daniel Arkin
    President Donald Trump’s abrupt reversal on his plan to help ships go through the Strait of Hormuz came after a key Gulf ally suspended the U.S. military’s ability to use its bases and airspace to carry out the operation, according to two U.S. officials. Trump surprised Gulf allies by announcing “Project Freedom” on social media Sunday afternoon, the officials said, angering leadership in Saudi Arabia. In response, the Kingdom informed the U.S. it would not allow the U.S. military to fly aircraft from Prince Sultan Airbase southeast of Riyadh or fly through Saudi airspace to support the effort, the officials...
  • UAE says it’s under attack from Iranian missiles and drones despite ceasefire

    05/04/2026 9:54:33 AM PDT · by Miami Rebel · 12 replies
    CNBC ^ | May 4, 2026 | Kevin Breuninger
    The United Arab Emirates said Monday that Iran launched missile and drone attacks against the country, putting at risk the already shaky ceasefire between the United States and Tehran. The White House did not immediately respond when asked whether the reported attacks, which led the UAE to activate its missile alert system for the first time since the ceasefire began on April 8, would violate that truce. Stock market indices fell, and oil prices rose on news of the attack, raising investors’ fears that the war’s impact on the global economy could be exacerbated or prolonged. “The UAE’s air defenses...
  • United Arab Emirates leaving OPEC, effective May 1

    04/28/2026 5:52:39 AM PDT · by TexasGunLover · 15 replies
    CNBC ^ | Tue, Apr 28 20268:31 AM EDT | Spencer Kimball Emma Graham
    The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s pressing needs,” the UAE energy ministry said in a statement.
  • Kushner, Witkoff — not Vance — heading to Pakistan for ‘direct talks’ with Iran, White House says

    04/24/2026 4:40:27 PM PDT · by Kleon · 32 replies
    CNBC ^ | Apr 24 20269:48 AM EDT | Kevin Breuninger
    U.S. special envoy Steve Witkoff and Jared Kushner will head to Pakistan on Saturday morning to engage in “direct talks” with their Iranian counterparts, White House press secretary Karoline Leavitt confirmed Friday. “The Iranians reached out” and asked for an in-person conversation, as President Donald Trump had asked them to do, Leavitt said on Fox News.
  • Trump is facing an increasingly patient Iran

    04/23/2026 5:24:19 PM PDT · by Trump20162020 · 33 replies
    NBC News ^ | April 23, 2026 | Dan De Luce
    President Donald Trump has pushed to bring the war with Iran to a speedy end: He stepped up bombing raids. He threatened to wipe out infrastructure. He has attempted diplomacy and ordered a naval blockade. But Tehran is in no rush to cut a deal. Despite the assassinations of its leaders and the damage to an array of military sites, Iran’s regime seems to have benefitted politically from the attacks started by the U.S. and Israel, according to a Western diplomat with knowledge of the conflict and five Western officials, all with knowledge of intelligence assessments on Iran. The regime...
  • On MS NOW, Ex-Canada Pol Freeland to Minneapolis: ‘Free Beer’ in Canada!

    04/20/2026 9:26:44 AM PDT · by governsleastgovernsbest · 18 replies
    NewsBusters ^ | Mark Finkelsein
    On Sunday’s The Weekend: Primetime, MS NOW welcomed former Canadian Deputy PM Chrystia Freeland—an MSNBC regular in her days as a journalist for the Financial Times and Reuters —to lament what she portrayed as a breakdown in U.S.-NATO trust under President Trump. Before getting there, Freeland set the tone with a gush of flattery—thanking host Catherine Rampell for the “great show” and praising her writing. Not subtle. But the most revealing moment came when Freeland tried to reassure viewers that Canadians still admire Americans. And of all places, she chose Minneapolis: “The people of Minneapolis are so admired in Canada....
  • Elon Musk’s xAI faces fresh opposition after landing permit for Mississippi power plant

    04/11/2026 8:03:14 PM PDT · by SmokingJoe · 29 replies
    CNBC ^ | 04/10/2026 | Lora Kolodny
    Environmental groups are legally challenging a permit that Mississippi granted to xAI allowing the company to build a massive, methane gas-burning power plant in the state. The permit application had "deficiencies," like inaccurate air pollution estimates, the groups said, adding that regulators rushed what should have been a careful process. Now part of SpaceX, xAI wants to build the power plant to provide electricity for its data center in nearby Memphis, Tennessee, and another one coming in Southaven, Mississippi. Elon Musk's xAI, now owned by SpaceX, is facing a new legal challenge from environmental groups in Mississippi, where the company...
  • Trump says it's 'not possible' for the U.S. to pay for Medicaid, Medicare and daycare: 'We’re fighting wars'

    04/02/2026 9:28:07 AM PDT · by Kleon · 79 replies
    NBC News ^ | April 2, 2026 | Eleanor Skelly, Alexandra Marquez, Tara Prindiville and Sarah Dean
    President Donald Trump on Wednesday said it's "not possible" for the federal government to fund Medicare, Medicaid and child care costs, arguing that it should be up to the states to "take care" of those programs while the federal government focuses on military spending.
  • Colorado court throws out election denier Tina Peters' 9-year sentence for tampering with election equipment

    04/02/2026 9:16:15 AM PDT · by CFW · 73 replies
    nbc ^ | 4/2/26
    The Colorado Court of Appeals has thrown out election denier Tina Peters' nine-year prison sentence, finding that the lower court violated her First Amendment right to free speech related to her allegations of election fraud. “The trial court’s comments about Peters’s belief in the existence of 2020 election fraud went beyond relevant considerations for her sentencing,” a three-judge panel wrote in a 77-page opinion. “Her offense was not her belief, however misguided the trial court deemed it to be, in the existence of such election fraud; it was her deceitful actions in her attempt to gather evidence of such fraud....
  • Oil prices soar 10% as Trump’s Iran war speech stokes fears of further escalation

    04/02/2026 5:51:04 AM PDT · by Miami Rebel · 55 replies
    CNBC ^ | April 2, 2026 | Annick Bao and spencer Kimball
    Oil surged 10% Thursday as U.S. President Donald Trump warned of further military aggression against Iran in the next two to three weeks, dampening hopes for an imminent de-escalation in the conflict. U.S. West Texas Intermediate crude futures for May were up 10% at $110.21 a barrel as of 8:13 a.m. ET. June futures for international benchmark Brent crude rose 8% to $109.25 per barrel. Trump in his speech attributed the increase in oil prices to the “Iranian regime launching deranged terror attacks against commercial oil tankers and neighboring countries that have nothing to do with the conflict.” He said...
  • Zelenskyy asked if Trump cares about the future of Ukraine

    03/29/2026 9:53:37 AM PDT · by MinorityRepublican · 18 replies
    NBC News ^ | March 29, 2026
    In an interview with NBC News’ Raf Sanchez, President Zelenskyy says that he hopes President Trump cares about the future of Ukraine, but “they care about the United States more.”
  • Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually

    03/18/2026 7:54:48 AM PDT · by millenial4freedom · 70 replies
    CNBC ^ | 03/18/2026 | Jeff Cox
    Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.The producer price index, a measure of pipeline costs that producers receive for their products, increased a seasonally adjusted 0.7% on the month, the Bureau of Labor Statistics reported Wednesday. Excluding volatile food and energy costs, the so-called core PPI increased 0.5%.Economists surveyed by Dow Jones had been looking for increases of 0.3% for both measures.For the all-items index, prices rose faster than the 0.5% pace in January. However, the core increase was less than the 0.8% for the prior month.
  • Schiff, Booker deflect on shutdown blame amid terror concerns, thousands of DHS workers without pay

    03/15/2026 3:52:45 PM PDT · by NoLibZone · 20 replies
    Fox ^ | By Hanna Panreck
    Democratic senators say Republicans controlling both houses and presidency voted down multiple resolutions to fund TSA, Coast Guard and FEMA Sens. Adam Schiff, D-Calif., and Cory Booker, D-N.J., deflected blame when pressed whether their party should vote to end the Department of Homeland Security (DHS) shutdown on Sunday, which has left workers without paychecks for weeks. "We saw terror attacks in West Bloomfield, Michigan, in Norfolk, Virginia. This morning, the CEOs of the nation's major airlines and cargo carriers have written a letter to Congress calling for them to end the shutdown, talking about the importance of American security in...
  • U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%

    03/06/2026 5:36:58 AM PST · by hcmama · 84 replies
    CNBC ^ | March 06, 2026 | Jeff Cox
    Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%, according to Dow Jones consensus estimates
  • Epstein files: Larry Summers to resign as Harvard professor, reports say

    02/25/2026 9:01:36 AM PST · by zeestephen · 50 replies
    CNBC (Business News) ^ | 25 February 2026 | Dan Mangan
    Larry Summers, the former Treasury secretary who has been dogged by his past friendship with Jeffrey Epstein, will resign from teaching at Harvard University by the end of the current academic year, according to reports on Wednesday...Summers previously served as president of Harvard.
  • Trump announces new 10% global tariff after raging over Supreme Court loss

    02/20/2026 11:03:20 AM PST · by Fury · 123 replies
    CNBC ^ | 02/20/26 | Kevin Breuninger
    President Donald Trump said Friday he will sign an executive order imposing a new 10% “global tariff,” hours after the Supreme Court struck down his sweeping “reciprocal” import duties in a major rebuke of his trade agenda. The new tariffs will come on top of the existing levies that remain intact following the high court’s decision, Trump said as he raged at the ruling during a White House press briefing.
  • Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate

    02/20/2026 5:49:10 AM PST · by Oldeconomybuyer · 24 replies
    CNBC ^ | February 20, 2026 | by Jeff Cox
    Economic growth cooled near the end of 2025 while inflation held firm, according to data released Friday that could complicate the Federal Reserve’s interest rate path. Gross domestic produce rose at an annualized rate of just 1.4%, according to Commerce Department numbers adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for a 2.5% gain.
  • Ed Martin out as leader of DOJ's 'weaponization' group, sources say

    02/02/2026 12:18:19 PM PST · by E. Pluribus Unum · 8 replies
    NBC News ^ | February 2, 2026 | Ryan J. Reilly
    When asked whether Martin still served in the role, a Justice Department spokesman told NBC News that he continued on in a separate role, as pardon attorney. Trump loyalist Ed Martin is out as leader of the Justice Department’s “weaponization” effort that is investigating prosecutors who launched past probes into President Donald Trump and his allies, two people familiar with the discussions tell NBC News. When asked whether Martin still served in the role, a Justice Department spokesman told NBC News that Martin continued to serve in a separate role, as pardon attorney.“President Trump appointed Ed Martin as Pardon Attorney...