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17 minutes ago
- Yahoo
Adams says Cuomo asked him to drop out of NYC mayor's race
New York City Mayor Eric Adams said Andrew Cuomo asked him to drop his independent bid for reelection as the former New York governor considers whether to continue with his own candidacy. Adams said during an interview Monday on CNBC that Cuomo 'knew he was setting us up for this,' knowing that the incumbent mayor already chose to forgo the Democratic primary and run as an independent instead. Cuomo, who officially lost the Democratic nomination to state Assembly member Zohran Mamdani last week, had initially announced in May he would also run as an independent and confirmed after his primary loss that he secured a spot for himself on the general election ballot. 'I said, 'Andrew, are you that level of arrogance? I'm the sitting mayor,'' Adams said. 'I'm the sitting mayor of the city of New York, and you expect for me to step aside when you just lost to [Mamdani] by 12 points.' Cuomo was formally projected to have lost the Democratic primary last week after the New York City elections board completed the tabulation of the necessary rounds of ranked choice voting. Mamdani defeated Cuomo by about 12 points, 56 percent to 44 percent, in the third round. But Cuomo may face Mamdani again because of the independent ballot line he secured for himself under the Fight and Deliver Party. His name will be on the ballot, but he hasn't announced whether he will actively campaign, having said he wanted to analyze the final results of the primary and assess the landscape for whether to run. Adams faces a significant uphill battle as he tries to win reelection for a second term. His favorability rating has been significantly underwater amid the legal and political controversies that have surrounded him, and early polling of the general election has shown him well behind Mamdani. But a few prominent figures have called on Cuomo to leave the race for anti-Mamdani voters to unify around Adams, including hedge fund billionaire Bill Ackman, who had donated a significant amount of money to Cuomo's campaign in the primary. 'They heard your message, and you lost,' Adams said. 'Now let a fresh set of legs that has produced for this city, and that's the highest level of arrogance.' Cuomo campaign spokesperson Rich Azzopardi said in a statement that all campaigns should consider a proposal from independent candidate Jim Walden for a poll to be taken in September to determine which candidate would be the strongest in a head-to-head matchup against Mamdani, a self-identified democratic socialist. Azzopardi said Walden is correct that he, Adams and Cuomo all running 'all but ensures a socialist victory.' He also said Adams chose not to run in the Democratic primary because he knows he's 'anathema' to Democratic voters and can't win. 'This is the time to put aside the usual political selfishness and agree to do what is truly best for all New Yorkers,' he said. 'While we review this proposal, we call on other candidates to do the same.' Also on the ballot will be Republican nominee Curtis Sliwa. Sliwa blamed Adams's tenure for Mamdani's win in the Democratic primary and vowed that he's 'not going anywhere' despite some suggestions that he drop out and get behind Adams. Updated at 1:35 p.m. EDT Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19 minutes ago
- Yahoo
NVIDIA Corporation (NVDA): Deflation Is Coming From The Robots, Says Jim Cramer
We recently published . NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. NVIDIA Corporation (NASDAQ:NVDA) is the world's premier AI company. June and July have been great months for the stock as they have enabled the firm to once again become the most valuable company in the world. Cramer is an ardent believer in NVIDIA Corporation (NASDAQ:NVDA)'s potential and the promise of robots. His latest comments revolved around these themes as well: 'There's a man. And that man met with the President yesterday. Jensen. And what he stands for is two things. Accelerated computing and generative, which is incredibly deflationary. Not in the numbers yet. You want to see something in the numbers? David, you go and see the Norwegian robots. The Norwegian robots. . .you go see those robots. I've got to tell you. Andy Jassy told me maybe 2030, but these are the most deflationary things I have seen because they can make your bed, they can put the dishes away. They save a lot of marriages, by the way. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Previously, the CNBC TV host remarked on how NVIDIA Corporation (NASDAQ:NVDA)'s CEO is changing the world: 'The real Jensen deserves everything. And people don't understand this man's changed the world and it's not just AI. It's rapid computing. Okay. The faster you are in accelerated computing, the more things you can do. And this is the man that made it so that we're gonna have robots that make our beds and clean our toilets instead of him. . .Don't forget when CoreWeave was struggling with its deal, what did he do? He came in and said listen I'll buy as much CoreWeave as possible. Now, it was viewed as a charity mission. But he bought it at 40. This man is so smart. Does he ever make you feel that you're dumb? No, he makes you feel that you're smart.' While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Kenvue Inc. (KVUE) Has 'Good Brands,' Says Jim Cramer
We recently published . Kenvue Inc. (NYSE:KVUE) is one of the stocks Jim Cramer recently discussed. Kenvue Inc. (NYSE:KVUE) is a consumer goods company whose shares are flat year-to-date. Since the start of June, its shares have lost 9.8% after its CEO warned that consumers were pulling back on spending, which could lead to slow second-quarter sales. However, July 14th turned out to be a great day for the shares as they gained 5.4% in premarket after the firm announced that its CEO would leave. Cramer's remarks were made on Friday, and he maintained that Kenvue Inc. (NYSE:KVUE) has some great brands that it can leverage for better sales: 'It's down like 20 bucks now. . .they're not doing as well as I'd like. The CNBC host discussed Kenvue Inc. (NYSE:KVUE) in detail in March. Here's what he said: 'I am more in favor of Kenvue than I was yesterday, David. Appreciate you coming in early to do that one. But no, this is a good example.' A pharmacist at a local store, stocking shelves with products from the consumer health company. 'Don't you think that there is a belief with adjustment that there's not a lot of urgency here. That they've kind of been taking their time at the same time this could be a tremendous consolidator of all these companies that have been spun off that really all have their own boards and the administrative stuff. You really don't want that. When you're selling into Amazon, direct-to-consumer, you're selling into clubs, that's where you sell this stuff. Now Larry Merlo, chairman of the board, he comes from CVS, but he is there. I thought that both Hofstetter and Mann, sounded like total hitters. . . And I have more respect for Jeff Smith than, I mean Jeff Smith will come on the board with a real plan. And I think if they don't go with the plan, I think that there could be a change . . .' While we acknowledge the potential of KVUE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
