|
|||||
While President Donald Trump has struggled to settle on a way to address Americans concerns about high costs, Vice President JD Vance on Thursday offered a more direct and empathetic message, saying, We hear you and theres a lot more work to do. But the American people need to have a little bit of patience, Vance said in remarks at an event hosted by Breitbart News. The vice presidents remarks come as the White House grapples with how to speak to voters about the cost of living, an issue that emerged as a vulnerability for Republicans in this months off-year elections in New Jersey and Virginia gubernatorial races. Vance said the Trump administration has made incredible progress in tackling cost-of-living concerns as they worked to undo policies from former President Joe Biden. As much progress as weve made, its going to take a little bit of time for every American to feel that economic boom, which we really do believe is coming. We believe that were on the front end of it, Vance said. Trump, whose tariffs have contributed to higher prices for many goods, has insisted that prices are down, pointing to gas and egg prices specifically. The president has said Democrats’ arguments about affordability during the election were a con job, and saying, I dont want to hear about the affordability, because right now, were much less. However, in recent days he has shifted his response, acknowledging that there is room for consumer prices to drop further. Vance addresses Republican infighting Vance was asked about recent high-profile rifts within Trump’s Make America Great Again coalition. Trump broke with one of his most loyal backers, Georgia Rep. Marjorie Taylor Greene, over her complaints he was spending too much time on foreign policy and had dragged his feet on releasing files related to Jeffrey Epstein. Trump also has been reluctant to disavow white nationalist Nick Fuentes and conservative commentator Tucker Carlson, who recently hosted Fuentes for a friendly interview, touching off turmoil on the right. Vance did not directly address the recent infighting, but said he thinks the debates within the party are healthy. Its totally reasonable for the people who make up this coalition to argue, about issues, said Vance, who often publicly engages in online debates on his X account. But Trump’s MAGA coalition needs to remember, that we have a lot more in common than we do not in common and that supporters are up against a radical leftist movement. Have our debates but focus on the enemy, so that we can win victories that matter for the American people, Vance said. The vice president and former senator said Republicans have to keep their coalition united, especially heading into next year’s midterm elections that determine control of Congress. He said the working class voters who elected Trump to the White House don’t necessarily turn out to vote in midterm elections and said Republicans need to motivate them. I think thats one of the lessons that we learned in Virginia and New Jersey is that when Donald Trump is not on the ballot, youve got to give people something to actually believe in, something to be inspired by, to get out there and vote, Vance said. Theyre not going to vote just because you have an R next to your name. Michelle L. Price, Associated Press
Category:
E-Commerce
If the football games, boxing matches, and comedy specials werent indication enough that Netflix is making a bold move for the live television market, heres another: Beginning in 2026, it will air live baseball for the first time. Major League Baseball announced a new three-year media rights agreement on Wednesday with NBC, ESPN, and Netflix that could see baseball fans channel surfing to find their games. The shakeups in the agreement mostly see NBC and its parent company, NBCUniversal, commanding a larger share of baseball coverage, picking up several key games and events previously aired by ESPN, including Sunday Night Baseball. And, for the first time in 26 years, NBC will once again air baseball games on its broadcast network. ESPN, meanwhile, opted out of its $550 million rights to Sunday Night Baseball games earlier this year, which it has aired since 1990. But the sports network will continue a nearly-four decade partnership with MLB as it will instead receive rights to a national midweek game package, along with MLB.TV. Finally, streaming giant Netflix is now up to bat with a limited number of special event games, including the T-Mobile Home Run Derby and an Opening Night exclusive. Our new media rights agreements with ESPN, NBCUniversal, and Netflix provide us with a great opportunity to expand our reach to fans through three powerful destinations for live sports, entertainment, and marquee events, MLB Commissioner Robert D. Manfred, Jr. said in a statement. INSIDE BASEBALL If all of this sounds like some inside baseball, it kind-of is: While diehard baseball fans arent likely to be so impacted, the new agreements may help the league expand its reach. But these rights do come at a price, according to reporting by CNBC: MLB is losing about $300 million for the rights to the same games previously paid for by ESPN. Still, the league says that much of its national broadcast rights remain unchanged, as Fox, TBS, and Apple TV will continue to air other games. But the MLB is trying to raise TV revenue at the end of the 2028 season, when the rights agreements announced this week expire, according to CNBC. Theres some optimism about keeping the momentum going in the wake of the World Series last month, which saw an average of 51 million viewers globally when the Los Angeles Dodgers ousted the Toronto Blue Jays, according to the league. And finding new ways to reach potential fans is key, especially as baseball is appealing to a younger demographic. The MLB saw double-digit increases in audiences this year among fans under the age of 17 and between the ages of 18 and 34, it reported..
Category:
E-Commerce
For consumers who are heavy on savings and light on credit history, a new partnership in the world of credit scores could help them lock down a loan. FICO, the company basically synonymous with the credit score, is teaming up with Plaid to bring real-time data showing how much cash someone has on hand to lenders. Plaid, a fintech company that links bank accounts with financial apps, has a lot of visibility into how its customers move cash between bank accounts, payments apps, investment platforms, and just about everything else. Plaids technology runs under the hood across a huge network of 12,000 financial institutions that partner with the fintech startup, which has grown into a key part of the webs financial infrastructure since its founding in 2013. All of those connections make Plaid a no-brainer as a partner for Fair Isaac Corp. (FICO), creator of the gold standard credit score used by most lenders. By partnering with Plaid, FICO will be able to offer a historical picture of money flowing into and out of a consumer’s transaction accounts through Plaids network of finance data, which consumers opt in to through their accounts, the company said in a press release. By bringing together FICOs trusted credit score intelligence with Plaids cash flow data, were creating the foundation for more comprehensive lending decisions, said Julie May, FICO vice president and general manager of B2B scores. This is the beginning of a new chapter in responsible and inclusive lending. The credit score slog Credit scores notoriously require consumers to build up a credit history and demonstrate that they can make timely loan paymentsfactors that outweigh other aspects of a persons financial health, like savings and income. While the system is good business for companies that evaluate and track credit scores, it creates some weird incentives on the consumer side. Its not uncommon for credit score-conscious consumers, in order to build up a credit history, to open a credit card and regularly use it for payments even if they have more than enough cash to handle their expenses. To capture a more complete financial picture for both borrowers and lenders, FICO has been building up an alternative to the traditional credit score for years now. That score, called an UltraFICO, was introduced in 2018. The company frames the UltraFICO score as a more inclusive approach that includes checking, savings, and money market accounts to help borrowers show lenders that they can afford a loan, even without a stellar credit history. FICO describes the UltraFICO score as part of a layered strategy that can help borrowers secure a loan and lenders find new customers beyond the people who would normally qualify. Plaids data will slot naturally into that strategy, offering a broader picture of financial health. The new UltraFICO option will be available through Plaids consumer reporting agency, Plaid Check. Last month, Plaid launched its own alternative credit score, LendScore, which also aims to paint a fuller financial picture for borrowers and lenders by leveraging cash flow insights, income patterns, and financial account connections to reveal a borrowers real-time financial story. Plaids LendScore system is in beta testing now and collecting names for its wait list. High-quality cash flow data is becoming essential for lenders who want a more comprehensive view of a consumers financial picture, said Adam Yoxtheimer, Plaid’s head of partnerships. By combining Plaids real-time connectivity and intelligence with FICO in this next-generation credit score, we are helping lenders make more confident, inclusive credit decisions through a simple and scalable solution.
Category:
E-Commerce
All news |
||||||||||||||||||
|
||||||||||||||||||