The Securities and Exchange Commission on Monday said it fined billionaire activist investor Carl Icahn and his company $2 million, settling allegations that he failed to disclose billions of dollars worth of personal margin loans pledged against the value of his Icahn Enterprises stock. Icahn and the publicly-traded company that bears his name settled those charges without admitting or denying wrongdoing. They agreed to ...
DETROIT — General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations, CNBC has learned. The layoffs, including roughly 600 jobs at GM’s tech campus near Detroit, come less than six months after leadership changes overseeing the operations, including former Apple executive Mike Abbott leaving the automaker due to ...
The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in rural communities in need of economic development. The future of those investments could hinge on the outcome of the U.S. presidential election. The prospect of a Republican victory has shaken the confidence of some investors who worry the ...
Delegates at the Democratic National Convention are set to vote Monday on the Democratic Party’s 2024 policy platform, which includes ‘explicit’ Title IX protections for LGBT students that were just blocked by the Supreme Court. The Democratic National Convention released the final 2024 Democratic Party platform Sunday night, after the one created during President Joe Biden’s reelection campaign was eventually ...
The intelligence community said it has observed ‘increasingly aggressive Iranian activity’ during the 2024 election cycle, involving influence operations targeting the American public and presidential campaigns. The Office of the Director of National Intelligence (ODNI), the FBI, and the Cybersecurity and Infrastructure Security Agency (CISA) said Monday that Iran ‘seeks to stoke discord and undermine confidence in our democratic institutions.’ ...
– Former Secretary of State and Democratic presidential candidate Hillary Clinton spoke at the Democratic National Convention on Monday night where she praised the accomplishments of VP Kamala Harris and highlighted the legal issues of former President Donald Trump. ‘She will fight to lower costs for hard-working families, open the doors wide for good-paying jobs and yes, she will restore ...
New York Democratic Rep. Alexandria Ocasio-Cortez slammed former President Donald Trump in her DNC speech as a man who would ‘sell’ the U.S. ‘for a dollar’ if he’s re-elected come Election Day. ‘We have to help [Vice President Kamala Harris] win because we know that Donald Trump would sell this country for a dollar if it meant lining his own ...
– In what may be one of the last major speeches of his decades-long political career, President Biden on Monday night handed the reins of the party to Vice President Kamala Harris as he spotlighted their administration’s accomplishments over the past three and a half years. Speaking in front of a jam-packed United Arena, site of the Democratic National Convention, ...
– President Biden delivered his highly anticipated address to the Democratic National Convention late Monday night and touched on a variety of subjects including strong criticisms of former President Trump and the conflict between Israel and the Hamas terrorist organization in control of Gaza. ‘Those, those protesters out in the street, they have a point,’ Biden told the crowd in ...
After an interminable delay, President Joe Biden finally took the stage Monday on the opening night of the Democratic National Convention, declaring that ‘democracy has prevailed.’ Ironically, he handed his party’s nomination to Kamala Harris, a candidate who had earned precisely zero votes – and whose previous bid for the White House imploded well before the first votes were cast. ...