GOP vice-presidential nominee J.D. Vance was the headliner on the third night of the GOP convention, which featured a number of misleading or inaccurate statements. Here are nine claims that caught our attention, in the order in which they were made. As is our practice, we do not award Pinocchios for a roundup of statements made during convention events. “Your ...
MILWAUKEE — The Donald Trump-led Republican Party approved a platform at its convention this week that abandons the GOP’s long-standing, explicit opposition to same-sex marriage. Some Republicans have celebrated the change as overdue, but other party faithful at the Republican National Convention doubt it will steer the GOP in a different direction. Democrats and LGBTQ groups say they are unimpressed ...
MILWAUKEE — The hottest fashion accessory at the Republican National Convention is the ear bandage. The bandage can be made of sturdy paper, of flimsy napkin, or of gauze and tape, but it must always be white, and always worn covering the right ear — exactly the way former president Donald Trump first appeared when he entered the convention hall ...
MILWAUKEE — T-shirts declaring “I’m voting for the convicted felon” in five different styles filled a table at a gift stand. The crowd roared at a mention of the Manhattan district attorney who prosecuted Donald Trump. But the court cases hanging over Trump’s bid for a second term seemed almost like an afterthought for many who gathered in Milwaukee this ...
Zyn users, rejoice: Production is about to ramp up in the U.S. Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new production facility in Aurora, Colorado, dedicated to manufacturing the popular nicotine pouches. The move comes as Zyn has been subject to nationwide shortages as a result of its runaway success. ...
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its key rate, will be lowered by a quarter percentage point to 5% to 5.25% in September from the current 5.25% to 5.50%, according to the CME FedWatch tool. And there are ...
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch diagonal display across the dash, including a passenger-only screen; an “executive package” for the second row; power doors; large 24-inch wheels; and other enhancements. “The Escalade has always been about ...
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to buttress this view,” Waller said in remarks for a ...
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping the previous high of $2,454.20 reached May 20. Spot gold jumped 1.8% to $2,465.95 during the session, which is an all-time high according to LSEG data going back to 1968 that has not been adjusted ...
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown. Jay Chaudhry never thought he’d run a business, amass a fortune or help popularize an entire industry. Not growing up in rural India, not upon ...