Добавить новость

Неизвестный вандал кувалдой обезглавил бюст Сталина в Звенигороде

Politico: американские госслужащие встревожены ребусом Байдена

Экс-министр спорта Дагестана пытался покончить с собой в «Матросской тишине»

Ефимов: Новый концертный комплекс построят в Нагатинской пойме



News in English


Новости сегодня

Новости от TheMoneytizer

President Joe Biden ended his reelection bid. What's next?

Biden's decision to leave the race came with an endorsement: Vice President Kamala Harris.

President Biden

Welcome back! Yes, there is such a thing as a "Vape Phone." And yes, we did try it out.

In today's big story, President Joe Biden ended his reelection bid. Here's what happens next.

What's on deck:

But first, I'm calling it quits.


If this was forwarded to you, sign up here.


The big story

Biden bows out

biden

Joe Biden has had enough.

The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month.

In a letter posted on social media, Biden wrote he believed it was "in the best interest of my party and the country" to exit the race and "focus solely on fulfilling my duties as President for the remainder of my term."

He said he would speak to the country later this week about his decision, but didn't provide more details.

Reactions about the news from business leaders like Elon Musk and Reid Hoffman ranged from criticism of the Democratic party to praise for Biden. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President."

Biden's decision partially ends what has been a chaotic few weeks for his party. Democrats have argued — initially behind closed doors and then publicly — over whether the president was their best choice amid concerns over his age.

Biden's departure from the race came with an endorsement: Vice President Kamala Harris. The choice has long been viewed as the most straightforward pick for the party due in part to campaign finance laws.

Harris said she was "honored" to have the endorsement and intended to "earn and win this nomination."

kamala harris

Harris hasn't wasted time trying to secure the nomination.

Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her, writes Business Insider's Brent D. Griffiths. Plenty of Democrats have already followed Biden in endorsing Harris, including Bill and Hillary Clinton.

But even if Harris seems like a shoo-in for the ticket, the past few weeks have taught us to expect the unexpected in Washington.

With the party's convention scheduled from August 19-22 in Chicago, BI's Bryan Metzger has a breakdown of how the next few weeks could shake out. An open convention could mean a wide array of candidates throw their hats in the ring.

Many have made comparisons to the 1968 Democratic convention, which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Coincidentally, that convention also took place in Chicago, and Hubert Humphrey, Johnson's vice president, secured the nomination. However, Humphrey lost to Richard Nixon by 110 electoral votes in the general election.

Democrats could ultimately face the same fate, but moving on from Biden was their best chance at shaking up a race they were falling behind in, writes Brent.

Here's the latest news in the wake of Biden's announcement:


3 things in markets

Black and white headshot of Andy Sieg wearing a suit and smiling
Andy Sieg took over Citi Wealth in September. Its leadership ranks have been a revolving door ever since.
  1. Citi Wealth exodus continues. More than a dozen bankers from the bank's workplace-wealth group, which serves rich lawyers, left for Bank of Montreal. Wealth boss Andy Sieg was undeterred in an internal memo, stating the group was still the "clear market leader — full stop."
  2. Warren Buffett's go-to market indicator isn't looking great. The Buffett Indicator, which measures the total US market cap to GDP, hit an all-time peak of 200% on Monday. Years ago, Buffett said if the ratio approaches 200%, "you are playing with fire."
  3. When interest rates drop, where should you put your cash? The silver lining of the Fed's rate policy has been high-yield savings accounts, but a rate cut will make those less appealing. A financial planner made some suggestions for alternatives. (But don't rush it!)

3 things in tech

Collage featuring a large photo of Donald Trump towering over a smaller photo of Marc Andreessen
  1. Big Tech's phony Trumpism. Famed tech investor Marc Andreessen broke a pattern of longtime Democratic presidential support when he announced he'd be backing Donald Trump this year. Andreessen says a second Trump administration would further a "Little Tech" agenda he favors. But that argument doesn't make much sense, BI's Adam Rogers writes.
  2. Turn off those auto-updates. After a massive IT outage disrupted grocery stores, banks, and airport operations around the globe, IT professionals bemoaned the simple way it could've all been avoided: disabling auto-updates.
  3. To make them safer, OpenAI wants chatbots to chat with each other. Sam Altman's company recently unveiled its new technique for getting chatbots to reveal their thought processes: having them converse. It's part of a safety initiative in the wake of several high-profile departures from OpenAI's safety team earlier this year.

3 things in business

man sitting on beach
  1. The sun is setting on overemployment. Some Americans doubled their income by secretly working multiple remote jobs, which helped them save up, pay debts, or make savvy investments. But with return-to-office mandates and hiring slowdowns, they're bracing for a future without the extra paychecks.
  2. Some pandemic boom towns could see big home-buying chances. Though the housing market is infamously unaffordable, the Southern real estate market is on the verge of a major opportunity for buyers. A real estate analyst explained why home prices in the South could see double-digit declines in the next few years.
  3. Is tipping culture getting out of hand? Tipping is creeping into more and more aspects of daily life, and not everyone's buying into it. Two people told BI why they're resisting the tipping ubiquity — and shared the places where they think it's still appropriate.

The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Annie Smith, associate producer, in London. Amanda Yen, fellow, in New York.

Read the original article on Business Insider

Читайте на 123ru.net


Новости 24/7 DirectAdvert - доход для вашего сайта



Частные объявления в Вашем городе, в Вашем регионе и в России



Smi24.net — ежеминутные новости с ежедневным архивом. Только у нас — все главные новости дня без политической цензуры. "123 Новости" — абсолютно все точки зрения, трезвая аналитика, цивилизованные споры и обсуждения без взаимных обвинений и оскорблений. Помните, что не у всех точка зрения совпадает с Вашей. Уважайте мнение других, даже если Вы отстаиваете свой взгляд и свою позицию. Smi24.net — облегчённая версия старейшего обозревателя новостей 123ru.net. Мы не навязываем Вам своё видение, мы даём Вам срез событий дня без цензуры и без купюр. Новости, какие они есть —онлайн с поминутным архивом по всем городам и регионам России, Украины, Белоруссии и Абхазии. Smi24.net — живые новости в живом эфире! Быстрый поиск от Smi24.net — это не только возможность первым узнать, но и преимущество сообщить срочные новости мгновенно на любом языке мира и быть услышанным тут же. В любую минуту Вы можете добавить свою новость - здесь.




Новости от наших партнёров в Вашем городе

Ria.city

В ДЕЛЕ ТРАМПА НАШЛИ "АФРОАМЕРИКАНЦА"! ИМ ОКАЗАЛСЯ... КАМАЛА ХАРРИС.

Одна из полос будет недоступна на участках 5-го Останкинского переулка с 24 июля

Глава округа Пушкинский передал ключи от автомобиля для нужд участников СВО

73 жителя Забайкалья вступили в регистр доноров костного мозга с помощью Почты России

Музыкальные новости

"Краснодар" сыграл вничью с "Ахматом" в игре первого тура РПЛ

Наталья Страшнова стала ведущей программы «Формула Верхневолжья».

Собянин: Началось строительство подъездной дороги к станции Кокошкино МЦД-4

Собянин рассказал о жизни Московского международного дома музыки

Новости России

Глава округа Пушкинский передал ключи от автомобиля для нужд участников СВО

Нижегородец Марк Эйдельштейн снимается в новом фильме «Космос засыпает»

Юрист Хаминский заявил, что содействие нотариусов существенно сократит сроки взыскания долгов по ЖКХ

В деле Дональда Трампа найдены: два афроамериканца, две женщины и... два Дональда.

Экология в России и мире

Дата запуска новой системы въезда / выезда из ЕС перенесена: российским туристам теперь надо в ней зарегистрироваться

Зима близко: Вильфанд предсказал скорое падение температуры, указав регионы, где это случится

Madi Hiyaa – один из самых красивых ресторанов мира

Представители «Метровагонмаш-Сервиса» посетили СЛД «Москва-Сортировочная» филиала «Московский» компании «ЛокоТех-Сервис» для обмена опытом

Спорт в России и мире

Паес и Амритрадж введены в Зал теннисной славы в Ньюпорте

Тарпищев: Рублёву надо не играть, а заняться своим здоровьем

Рафаэль Надаль вышел в финал турнира в Бостаде

Теннисистка Мария Шарапова снялась без макияжа и укладки

Moscow.media

Нарколог рассказал о связи алкоголя и слабоумия

Иван-Чайное настроение....

Роспотребнадзор сообщил о единичных случаях листериоза в России

Подтверждена совместимость операционной системы AlterOS и офисного пакета AlterOffice с МИС «Ариадна»











Топ новостей на этот час

Rss.plus






Нижегородец Марк Эйдельштейн снимается в новом фильме «Космос засыпает»

Минэкологии Подмосковья предупредило о запрете сбора редких грибов

Школу для 1,1 тысячи учеников построят в подмосковном ЖК «Одинград» в 2025 году

Юрист Хаминский заявил, что содействие нотариусов существенно сократит сроки взыскания долгов по ЖКХ