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Anxiety is growing among Republicans that Trump-aligned candidates who failed to cross the finish line last year could come back to haunt them in 2024, costing the GOP another chance at winning back power in Washington.

Kari Lake, who ran for Arizona governor in November and lost to Gov. Katie Hobbs (D), is weighing a bid for Sen. Kyrsten Sinema’s (I-Ariz.) seat, while Pennsylvania state Sen. Doug Mastriano (R) is considering a run against Sen. Bob Casey (D-Pa.) after costing the GOP the governor’s mansion last year. 

The list goes on: Republican Joe Kent is gunning for a rematch against Rep. Marie Gluesenkamp Perez (D-Wash.) after he was narrowly defeated in 2022; J.R. Majewski, who’s House campaign imploded last year after it was revealed that he misrepresented his military service, has floated another challenge to Rep. Marcy Kaptur (D-Ohio); and Bo Hines has already filed paperwork to run again for a North Carolina House seat he lost in November.

The growing list of Trump loyalists weighing congressional runs has Republicans now warning against writing them off as possible GOP nominees once again.

“There are people out there that just won’t go away,” one Republican strategist familiar with Senate campaigns said. “All the folks out there that want to say, ‘Oh, they’re nobodies, they don’t matter’ — they need a reality check. Kari Lake doesn’t speak for the whole party, but she’s loud; she knows how to get attention. And, at least to an extent, it holds the rest of the party back.”

Lake, Mastriano and other candidates are among a cohort of Trump-aligned Republicans who have questioned or espoused baseless claims about the 2020 election. While they prevailed in their respective primaries, their candidacies ultimately cost the party key races in the general election in swing states like Arizona and Pennsylvania in a midterm year that was assumed to favor Republicans. 

Concerns over the Republican Party’s candidate quality was brought to the fore ahead of the November midterms by Senate Minority Leader Mitch McConnell (R-Ky.), who cited that as reason for his bearish stance on the GOP’s chances of retaking the upper chamber. But it came too late after many of the party’s primaries had already wrapped up. 

Those same concerns remain as the GOP now stares down the possibility of many of those same candidates running again. Some Republicans warn it would be a mistake for them to mount new campaigns.

“Some of these people are just a glutton for punishment,” said Arizona-based GOP strategist Barrett Marson. 

“The only thing worse about being a loser is being a two-time loser. And people like Kari Lake and Doug Mastriano did not resonate with a broad swath of voters, and there’s nothing in the months since the election where they have changed or recognized their shortcoming and altered their strategy or message,” he continued. 

In Pennsylvania, Republican strategist Vince Galko noted that GOP members in the state have also expressed anxiety about a possible Mastriano Senate bid.

There’s “certainly a lot of hand-wringing going on amongst party leaders and donors and the political establishment with the thought of Doug Mastriano running for U.S. Senate” because he starts off “with solid name I.D. and a very strong base and if he should be on the same ticket as former President Trump, that would possibly give him a leg up as well,” he said.

“I think I, like many Republicans — you have to get to the point where you want to win, right?” Galko added.

The split-screen between Trump-aligned candidates and more establishment Republicans has not only become apparent at a national level but also on a state and local level. Last month, Kristina Karamo, another Trump-aligned candidate who has questioned the 2020 election results and lost her secretary of state race in Michigan last cycle, was elected the Michigan GOP chair last month.

Over in Colorado, former state Rep. Dave Williams — an election denier who tried to get the anti-Biden phrase “Let’s Go Brandon” as part of his name on the ballot and lost his GOP House primary against Rep. Doug Lamborn (R-Colo.) – was elected Colorado GOP chair earlier this month. 

While Republicans believe that national groups can opt to work around state parties in key races, some acknowledge having pro-Trump populists as state party chairs can offer unnecessary headaches for viable candidates.

“The fact that the chairmen of some of these parties can get on TV and say crazy things and then force candidates to respond to those crazy things, well, that’s detrimental,” said a GOP consultant based in the West who requested anonymity to speak candidly. 

Heading into 2024, both Senate and House GOP campaign arms have signaled that they’re handling their Republican primaries differently, with the National Republican Senatorial Committee (NRSC) already notably wading into the Indiana GOP Senate primary while the National Republican Congressional Committee (NRCC) is signaling it’ll stay out of the primaries. 

The Congressional Leadership Fund, a super PAC aligned with House Speaker Kevin McCarthy (R-Calif.), has also agreed to stay out of safe Republican districts that have an open-seat primary after reaching a deal with the conservative Club for Growth amid McCarthy’s bid to become Speaker earlier this year.

“Chairman Daines has been clear he’s willing to do whatever it takes to nominate candidates who can win both a primary and a general election,” said NRSC communications director Mike Berg.

Some Republicans say they’d like the House campaign arm to get involved in some of the House primaries.

“Of course they will be on offense in a lot of districts around the nation in addition to trying to retain incumbents, but I do think that they should … consider getting involved in some primaries, maybe not all of them,” said Dick Wadhams, a former Colorado GOP chairman. “But there are some that do make a big difference obviously.”

Wadhams worried that a repeat of pro-Trump candidates who lost their midterm races last year could “potentially deny Republican majorities from being elected in both the House and the Senate.”

But other Republicans believe some of those concerns can be addressed at a candidate-recruitment level.  Six key players to watch in the banking crisis House Financial Services Committee schedules first hearing on collapse of SVB, Signature Bank

“There’s no use losing sleep over this. We just got to put our head down and focus on recruiting diverse and exciting candidates who can outrun the top of the ticket and unite the party,” said one Republican House strategist, using Reps. Juan Ciscomani (R-Ariz.) and John James (R-Mich.) as examples. 

Overall, many Republicans are signaling that the party and its candidates need to offer a forward-looking vision to voters and not focus on past elections. 

“Elections are always about the future,” said Dallas Woodhouse, a longtime Republican operative and executive director of the conservative South Carolina Policy Council. “And I think the people that put forward a forward-looking, optimistic vision for the future are going to be in a lot better shape. Voters are craving that, I think, without question.”

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Technology

British fintech Revolut tops $1 billion in profit as revenue jumps 72%

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British fintech Revolut tops  billion in profit as revenue jumps 72%

Revolut CEO Nikolay Storonsky at the Web Summit in Lisbon, Portugal, Nov. 7, 2019.

Pedro Nunes | Reuters

LONDON — British fintech firm Revolut on Thursday announced it topped $1 billion in annual profit for the first time, a major milestone for the company as it readies the launch of its U.K. bank later this year.

Revolut, which offers a range of banking and financial services via an app, said that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year. Revenues at the company increased 72% year on year to £3.1 billion, driven by growth across different revenue streams.

Revolut’s wealth unit — which includes its stock-trading business — saw outsized growth, with revenue surging 298% to £506 million, while subscriptions turnover jumped 74% to £423 million.

Revolut also saw significant growth in its loan book, which grew 86% to £979 million. Coupled with a jump in customer deposits, this contributed to a 58% increase in interest income, which totaled £790 million.

UK bank rollout

Revolut’s financial milestone arrives at a critical time for the almost decade-old-firm. The digital banking unicorn has been preparing a transition to becoming a fully operational bank in the U.K. after securing a banking license last summer.

It was granted a banking license with restrictions in July 2024 from the U.K.’s Prudential Regulation Authority, bringing an end to a lengthy application process that began back in 2021.

The restricted license means that Revolut is now in the “mobilization” stage, where it is focusing on building out its banking operations and infrastructure in the run-up to a full launch. The period typically lasts about 12 months.

Revolut is still awaiting approval from regulators to transfer all 11 million of its U.K. users to a new banking entity this summer. Once fully up and running, the firm will be able to begin offering loans, overdrafts and mortgages, opening up the path to new income streams.

‘Customers trust banks’

Victor Stinga, Revolut’s chief financial officer, told CNBC on Thursday that the company’s aim is to formally launch its U.K. bank later this year.

“As you can imagine, at this scale, it’s a thorough process, and we just pay a lot of attention to it,” Stinga said. “We work very closely on a close contact with the PRA [Prudential Regulation Authority] and the FCA [Financial Conduct Authority] on it. We feel like we’re making great progress on it.”

Stinga said that a big advantage of becoming a bank in the U.K. is ability to start accepting deposits protected by government guarantees. Licensed banks are covered by the Financial Services Compensation Scheme, which means their customers can claim up to £85,000 if a lender goes out of business.

“Customers trust banks, so it means customers on this transition will use Revolut as a primary bank account,” Stinga said.

Lending is arguably “the biggest roadmap item that this unlocks,” Revolut’s CFO said, adding that the firm is looking at launching credit cards and personal loans, similar to the products it already offers in the European Union under a separate EU banking license.

Francesca Carlesi, Revolut’s U.K. boss, previously told the Wall Street Journal that Revolut views its journey to becoming a U.K. bank as a crucial step in its global expansion and eventual IPO. “My main strategic focus is making Revolut the primary bank for everybody in the U.K.,” she told the WSJ.

It has a steep hill to climb — rivals Monzo and Starling have had a lengthy head start on Revolut. Monzo obtained its full banking license in 2017, while Starling was granted its own permit in 2016.

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Entertainment

The Magic Circle’s first female member fooled them into believing she was a man – how did she do it?

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The Magic Circle's first female member fooled them into believing she was a man - how did she do it?

How did one woman fool the most famous magic society on the planet?

Back in 1991, Sophie Lloyd pulled off the ultimate illusion, tricking the Magic Circle into thinking she was a man.

But over 30 years after being unceremoniously kicked out, the Circle has tracked down the former actress to apologise and reinstate her membership.

She told Sky News how returning feels like the society has “made good on something that was wrong”.

Sophie Lloyd, who tricked the Magic Circle into believing she was a man
Image:
Sophie Lloyd, who tricked the Magic Circle into believing she was a man

How did she infiltrate that exclusive group that nowadays counts the likes of David Copperfield and Dynamo as members?

In March of that year, she took her entry exam posing as a teenage boy, creating an alter-ego called Raymond Lloyd.

“I’d played a boy before,” she explained, but “it took months of preparation” to secretly infiltrate the Circle’s ranks half a year before it would officially vote to let women in.

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“Really, going back 30 years, men’s clubs were like, you know, just something you accepted.”

The men-only rule had been in place since the Circle was formed in 1905. The thinking behind it being that women just couldn’t keep secrets.

Aware of the frustration of female magicians at the time, Lloyd felt she was up for the challenge of proving women could be as good at magic as the men.

The idea was, in fact, born out of a double act, thought up by a successful magician called Jenny Winstanley who’d wanted to join herself but wasn’t allowed.

She recognised the hoax would probably only work with a much younger woman posing as a teenage boy, and met Lloyd through an acting class.

Sophie Lloyd as teenage magician Raymond Lloyd. Pic: Sophie Lloyd
Image:
Sophie Lloyd as teenage magician Raymond Lloyd. Pic: Sophie Lloyd

Lloyd said: “We had to have a wig made… the main thing was my face, I had plumpers made on a brace to bring his jawline down.”

To hide her feminine hands, she did the magic in gloves, which she says “was so hard to do, especially sleight of hand.”

The biggest test came when she was invited for a drink with her examiner, where she had to fake having laryngitis.

“After the exam, which was 20 minutes, he invited Jenny and I – she played my manager – and I sat there for one hour and three quarters and had to say ‘sorry, I’ve got a bad voice’.”

Raymond Lloyd passed the test, and his membership certificate was sent through to Sophie.

Then, in October of the same year, when whispers started circulating that the society was going to open its membership to both sexes, she and Jenny decided to reveal all. It didn’t go down well.

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Rather than praise her performance, members were incandescent about the deception and, somewhat ironically, Raymond Lloyd was kicked out just before women members were let in.

Lloyd said: “We got a letter… Jenny was hurt… she was snubbed by people she actually knew, that was hurtful. However, things have really changed now…”

Three decades later the Magic Circle put out a nationwide appeal stating they wanted to apologise and Lloyd was recently tracked down in Spain.

While Jenny Winstanley died 20 years ago in a car crash, as well as Sophie receiving her certificate on Thursday, her mentor’s contribution to magic is being recognised at the special show that’s being held in both their honour at the Magic Circle.

Lloyd says: “Jenny was a wonderful, passionate person. She would have loved to be here. It’s for her really.”

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Sports

Avs welcome back captain Landeskog after 3 years

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Avs welcome back captain Landeskog after 3 years

DENVER — Colorado Avalanche captain Gabriel Landeskog took the ice in his first NHL game in nearly three years Wednesday night against the Dallas Stars.

It marked his first NHL appearance since June 26, 2022, when he and the Avalanche beat Tampa Bay to win the Stanley Cup. He had been sidelined because of a chronically injured right knee.

The Avalanche posted a video of Landeskog driving to Ball Arena, which he concluded, “Hey Avs Faithful, it’s Gabe here, just wanted to shoot you guys a quick message — thank you guys for all the support over the last few years and I’ll see you tonight.”

It’s his first game with the Avalanche in 1,032 days. He becomes the fifth player in NHL history — among those with a minimum of 700 games played — to return to his team after 1,000 or more days without a contest, according to NHL Stats. The last one to do so was longtime Avalanche forward and Hall of Famer Peter Forsberg.

“I feel surprisingly calm and in control right now. I know the butterflies and the nerves will come, I’m sure,” he said during a pregame interview. “I found myself thinking about this moment a lot over the last three years. And now that it’s here, it’s the reverse — I’m thinking a lot about the hard work that’s gone into it, some of the ups, a lot of the downs, sacrifices and support I’ve had along the way.

“Thankful for everybody and all their support, but now it’s go time so I’m excited to get out there.”

The first-round series with Dallas is tied at 1-1.

Landeskog’s presence on the ice provided a big boost not only for his teammates but also for the capacity crowd. His No. 92 sweater is a frequent sight around the arena.

The crowd chanted “Landy, Landy” as he led the Avalanche on the ice for pregame warmups. The chants continued during player introductions. Later, a video chronicling Landeskog’s three-year journey back was shown on the arena scoreboard.

“Everyone is rooting for him. It’s a great comeback story,” Avs coach Jared Bednar said after morning skate. “I trust in Gabe’s preparation, and what I’m seeing with my own eyes that he’s getting close and ready to play. I think he feels really good about where he’s at.

“Adding him back into our locker room, he’s almost an extension of the coaching staff, but he’s still one of the guys and the guy that everyone looks up to. You can’t get enough of that this time of the year.”

Landeskog’s injury dates to the 2020 “bubble” season when he was accidentally sliced above the knee by the skate of teammate Cale Makar in a playoff game against Dallas. Landeskog eventually underwent a cartilage transplant procedure on May 10, 2023, and has been on long-term injured reserve.

He was activated Monday before Game 2 in Dallas and skated in pregame warmups but didn’t play.

Stars forward Matt Duchene was teammates with Landeskog and they remain good friends.

“We’ve been rooting for him to come back,” said Duchene, who was the No. 3 pick by Colorado in 2009. “Obviously, it makes our job harder having a guy like that out there, but on the friends side, the human side and the fellow athlete side, I think everyone’s happy to see the progress he’s made. … I’m just really happy that he’s gotten to this point.”

It doesn’t mean the Stars will take it easy on Landeskog.

“It’s remarkable he’s coming back, if he’s coming back, as a friend,” said longtime teammate Mikko Rantanen, a 2015 first-round pick by Colorado before being traded in January to Carolina and on to Dallas in March. “As an opponent, obviously, no mercy.”

The 32-year-old Landeskog recently went through a two-game conditioning stint with the American Hockey League’s Colorado Eagles. He practiced with the Avalanche leading up to their playoff opener.

The Associated Press contributed to this report.

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