Hollywood executives, performers and thousands of other Californians filed into a Los Angeles theater last month, expecting a star-studded fundraiser for President Biden, backed by actors George Clooney and Julia Roberts, that would inject millions of dollars into Biden’s static campaign and launch him on a path to beat Donald Trump in November. Instead, many […]Read More
President Biden is set to hold a campaign rally in Michigan on Friday following a news conference that received mixed reviews from other Democrats, in which Biden showed command of complex foreign policy issues but stumbled through some answers and mixed up names. The Thursday night news conference did not immediately halt the stream of […]Read More
The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s due to how interest-rate policy affects the strength of the U.S. dollar. Here’s the basic idea: An environment of rising U.S. interest rates relative to those in other nations is generally “dollar positive,” said […]Read More
Editor’s note: This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Doug Sharp isn’t a rich man — but he has played one in Hollywood. Sharp, 59, lives in L.A. and until recently got the bulk of his income by driving for Uber and Lyft, […]Read More
The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell said in an exclusive CNBC interview Thursday. “As sports evolve, we want to make sure our policies reflect that,” Goodell said in an interview with CNBC’s Julia Boorstin at Allen & Co.’s annual […]Read More
Post-pandemic consumer splurging is rapidly coming to a halt, according to two widely followed U.S. companies — more evidence that the U.S. economy is likely in for a period of slower economic growth. Pepsi and Delta Air Lines both offered subdued financial outlooks as they reported quarterly earnings Thursday, and both cited the same reason: […]Read More
Editor’s note: This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Doug Sharp isn’t a rich man — but he has played one in Hollywood. Sharp, 59, lives in Los Angeles and until recently got the bulk of his income by driving for Uber and […]Read More
Price growth is cooling across the economy. While that is good news for consumers, the timing of this progress on inflation could end up short-changing seniors and other Social Security recipients when they learn their annual cost-of-living increase later this year. According to the latest estimate from The Senior Citizens League, which regularly forecasts Social […]Read More
Sen. Peter Welch (Vt.) has become the first Democratic senator to call for President Biden to step aside following his June debate. “We cannot unsee President Biden’s disastrous debate performance,” the freshman senator wrote in a Washington Post op-ed published Wednesday evening. “We cannot ignore or dismiss the valid questions raised since that night. “For […]Read More
Democratic leaders called on President Biden and his campaign Wednesday to provide convincing evidence of a viable path to victory amid a steady tide of bad battleground state polling and growing concerns that he cannot defeat former president Donald Trump in November. The calls came as top union leaders expressed grave concerns about his candidacy, […]Read More
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