U.S. Representative Ilhan Omar held off a well-funded challenger Tuesday and won the Democratic primary in her congressional district, putting her on track for re-election in November along with other members of the "Squad" of four liberal freshmen. Gloria Tso reports.
US President Donald Trump launched a scathing attack on Kamala Harris, after Joe Biden picked her as his running mate for the US Presidential polls scheduled for later this year. President Donald Trump said he was 'a little surprised' that Democratic challenger Joe Biden selected Senator Kamala Harris as his running mate, saying she had been 'nasty' to the former vice president in primary debates. 'I was more surprised than anything else because she did so poorly,' Trump said during a briefing at the White House. Trump also attacked Harris for her questioning of Brett Kavanaugh over sexual misconduct allegations during his Senate confirmation hearings to join the Supreme Court. Harris has now become the first Black woman and first Asian-American on a major party presidential ticket. She is known to be an aggressive campaigner and has won statewide elections three times in California. She built her early career as district attorney of San Francisco and was elected as the state’s attorney general. Watch this video for all the details.
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President Donald Trump's executive order banning China's TikTok could prevent U.S. app stores from offering the popular short-video app and make advertising on the platform illegal, according to a White House document seen by Reuters. Libby Hogan reports.
US President Donald Trump says he is 'surprised' by Democratic rival JoeBiden's choice of Kamala Harris as his running mate for this year's election.Mr Trump said Ms Harris had been 'nasty' to Mr Biden, and to Mr Trump'scontroversial Supreme Court appointee Brett Kavanaugh during his Senateconfirmation hearing.
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Italy's richest family is the Ferraro family. They founded confectionery giant Ferrero Group. The company is run by Giovanni Ferrero. Under his guidance the value of assets acquired through his CTH holding company increase by 40% last year. Business Insider reports this was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.
Business Insider reports that Facebook's ad revenue will continue to increase this year. The growth will come despite the growing number of brands pulling ad campaigns amid the coronavirus pandemic. Net US digital ad revenues at Facebook will increase by 4.9% this year to $31.43 billion. Brands pulled ad spend from Facebook for the month of July in support of the NAACP campaign #StopHateForProfit. The campaign only asks brands to pause Facebook ad spending.
Robinhood overtook its rivals in trading activity during the month of June. According to Business Insider, a surge in retail investing drove millions of users to the trading platform. The brokerage posted 4.31 million daily average revenue trades, as investors capitalized on pandemic-fueled uncertainty. Robinhood used to attract traders with its zero-commission-fee structure, but rivals have since slashed their own fees.
TSA on Monday reported that 831,789 travelers passed through its checkpoints on Sunday. This is the highest number since March 17th, just before the US explosion of coronavirus. In addition, traveler traffic has consistently increased over the last two weeks, reports Business Insider. Shares of major airlines including American Airlines, United Airlines, and Delta Air Lines surged Monday. Still, total traffic through TSA checkpoints is down roughly 70% from a year ago.
On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate. The move comes after better-than-expected second-quarter results. Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115. That's about 21% lower than 2019. Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021. The estimate is tied to Goldman's economic growth outlook.
[NFA] U.S. House Speaker Nancy Pelosi on Sunday urged a restart of congressional talks on extending coronavirus aid, saying executive actions taken by President Donald Trump a day earlier would have little immediate impact on Americans facing economic distress amid the pandemic. This report produced by Yahaira Jacquez.
U.S. House Speaker Nancy Pelosi said on Friday that she had offered to reduce a proposed coronavirus aid package by a trillion dollars if Republicans would add a trillion to their counter-offer, but the idea was flatly rejected by Donald Trump's White House.
[NFA] House Speaker Nancy Pelosi in an interview with CNBC on Thursday attacked her Republican colleagues for not moving on their new coronavirus relief bill proposal, saying they don't give a "damn" about Americans hurt by the pandemic. Gavino Garay has more.
During her weekly press briefing, U.S. House Speaker Nancy Pelosi criticized Republicans for not understanding the "gravity of the situation" when it came COVID-19 and the urgent need to pass another relief bill for Americans.
Joe Biden, the Presidential candidate, has picked India-origin Kamala Harris as his running mate for the elections. Biden announced the news on Tuesday. Harris is a daughter of Indian and American immigrants. Announcing the news, Biden said Harris is one of the country’s finest public servants. Harris is the first Asian-American on a major presidential ticket. Harris herself was a presidential aspirant until last year before she dropped out of the race because of lack of popular support. She is also the first African American of a major party and only the third woman yet to run for that office, after Democrat Geraldine Ferraro and Republican Sarah Palin. The 55-year-old first time senator from California is the daughter of Indian mother from Chennai, Shyamala Gopalan Harris, a cancer researcher who passed away in 2009, and Jamaican father, Donald Harris, who teaches at Stanford University. The parents separated when Harris and her younger sister Maya Harris were still very young.
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For the first time in American history, a Black and South Asian woman has been chosen for national office by a major political party. CNN reports presumptive Democratic nominee former Vice President Joe Biden named Sen. Kamala Harris on Tuesday as his running mate. Harris follows Democrat Geraldine Ferraro and Republican Sarah Palin as only the third woman to be chosen as the running mate on a presidential ticket.
Presumptive Democratic presidential nominee Joe Biden has chosen Sen. Kamala Harris (D-Ca.) as his running mate. According to CNN, Biden's pick fulfills his promise to select a woman for the role. The last woman to be chosen for the job was Republican Sarah Palin. Harris is a noteworthy pick. A former prosecutor, Harris is familiar with law, governance, congressional dealings, and the campaign trail.
Republican and Democratic governors said on Monday President Donald Trump's coronavirus relief measures were too expensive for states to implement as they struggle with the costs of the pandemic, and called on officials in Washington to resume negotiations on federal aid. Gloria Tso reports.