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☆ Tiger populations in Thailand are bouncing back
▼ + stars: | 2024-07-27 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

CNN —As Global Tiger Day rolls around, there’s good news for the big cats in Thailand. Thailand Department of National Parks, Wildlife and Plant Conservation/WCS ThailandThe DNP began working with WCS to “build and strengthen site-based protection,” says Jornburom. Thailand Department of National Parks, Wildlife and Plant Conservation/WCS ThailandA ‘conservation-dependent species’While Thailand’s success story offers hope, the outlook across the region is not so optimistic. This has left small, isolated tiger populations in Myanmar, Indonesian Sumatra, and peninsular Malaysia — the latter of which is worrying conservationists after a recent spate of tiger deaths. WEFCOM currently boasts most of the country’s tiger population, and has the potential to support up to 2,000 tigers, according to WCS.

Persons: It’s, Pornkamol Jornburom, she’s, ”, Pornkamol, WEFCOM, WCS, Stuart Chapman, they’ve, Chapman, Thailand Chapman, ” Stuart Chapman Organizations: CNN, Initiative, Thailand’s Department of National Parks, Wildlife Conservation Society, Tigers, Thailand Department of National Parks , Wildlife, Plant, Patrol, GPS, WWF’s Tigers Locations: Thailand, Wildlife, Kha, Thung, Thung Yai, WEFCOM, Southeast Asia, Singapore, Java, Bali, Vietnam, Laos, Cambodia, Myanmar, Indonesian Sumatra, Malaysia, “ Thailand

☆ Justice Dept. Defends TikTok Law That Forces App’s Sale or Ban
▼ + stars: | 2024-07-27 | by ( David Mccabe | Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

The Justice Department argued in a court filing on Friday that TikTok should be required to sell its American operations to resolve national security concerns about its Chinese parent company, ByteDance. In the government’s first detailed response to TikTok’s lawsuit challenging a new U.S. law that could ban the social media app, the Justice Department said measures that TikTok previously offered to address those security concerns — including walling off U.S. user data domestically — were insufficient. The Chinese government could still collect sensitive data on Americans or spread propaganda, the agency argued, and it has incentive to misuse the app because of larger geopolitical goals. And while TikTok argued in its suit that the law violated the First Amendment rights of its 170 million U.S. users, the Justice Department contended that those users were free to turn to other social media sites if TikTok was banned or sold. Under the law, any challenges must begin in that court.

Persons: walling, TikTok Organizations: Justice Department, Department, U.S ., Appeals, District of Columbia Circuit Locations: United States, China

☆ Justin Timberlake’s DUI hearing held
▼ + stars: | 2024-07-26 | by ( Brynn Gingras | Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —A hearing in the case of Justin Timberlake being accused of driving while intoxicated was held Friday, where an attorney for the singer disputed his arrest in June. We are confident that this charge will be dismissed.”The singer was arrested in Sag Harbor, New York in June. He is currently on tour for his most recent album, “Everything I Thought It Was” and was not present at the hearing. After an officer initiated a traffic stop, Timberlake told police he “had one martini and I followed my friends home,” according to court records. Justin Timberlake was arrested in Sag Harbor, NY in June after allegedly being observed "operating his vehicle in an intoxicated condition," according to Sag Harbor Police Department.

Persons: Justin Timberlake, “, Justin, ” Edward Burke, Timberlake, ”, ” Burke, CNN’s Zenebou Sylla, Marianne Garvey, Linh Tran, Mark Morales Organizations: CNN, DWI, BMW, Sag Harbor Police, Sag Harbor Police Department, Harbor Village Police Department Locations: Sag Harbor , New York, Sag, Sag Harbor , NY, Harbor

☆ Kamala Harris: How her warp-speed campaign launch has changed the 2024 race
▼ + stars: | 2024-07-26 | by ( Eric Bradner | ) edition.cnn.com time to read: +15 min

CNN —The five days since Vice President Kamala Harris’ campaign launched at warp speed have remade the 2024 race – and given Democrats new hope of preventing a second Donald Trump presidency. Fundraising exploded, with Harris’ campaign saying she raised $126 million between Sunday afternoon and Tuesday evening. And Democrats were more eager to devote their own time to working to elect Harris: More than 100,000 people signed up to volunteer for her bid, and more than 2,000 applied for campaign jobs, Harris campaign chair Jen O’Malley Dillon said in a Wednesday memo. The strength of Harris’ launch has at times surprised even the former Biden campaign staffers who on Sunday suddenly found themselves working for what was converted into the Harris campaign. Biden’s campaign believed his path to 270 Electoral College votes ran through the “blue wall” states – Michigan, Pennsylvania and Wisconsin.

Persons: Kamala Harris ’, Donald Trump, Harris, Harris ’, Jen O’Malley Dillon, Trump, It’s, Ron Bieber, “ I’ve, ”, she’s, Joe Biden, Biden, Harris hasn’t, “, Base Andrews, O’Malley Dillon, Biden’s, ” O’Malley Dillon, Douglas Emhoff, Erin Schaff, Howard University hoodie, –, Nancy Pelosi’s, dispirited, fraudsters, cheaters, ” Harris, Donald Trump’s, Charli XCX, ‘, ’, Jared Polis, Maxwell Frost, Tony Evers, ” Evers, ” Trump, Felita Daniels Ashley, Olivia Jessup, Anger, Natalie Jauch, Charli, Jessup, Taylor Swift, Kesha, ” Jessup, Kevin Mohatt, ” CNN’s Alison Main, Betsy Klein, Ebony Davis, Sam Fossum, Edward, Isaac Dovere, Lisa Respers Organizations: CNN, Democratic Party, Trump, Michigan AFL, Democratic, Biden, Convention, ABC, Base, Republican, CNN’s, New York Times, Siena, Electoral, Air Force, Joint Base Andrews, Naval Observatory, Howard University, Federal, San, Democratic National Convention, Democratic Colorado Gov, ”, Milwaukee, Heritage Foundation, California Democrat, Zeta Phi Beta, of Education, “, American Federation of Teachers Locations: Houston, Gaza, – Michigan, Pennsylvania, Wisconsin, Sun, Arizona, Georgia, Nevada, North Carolina, Maryland, Wilmington , Delaware, San Francisco, California, British, ” Florida, Milwaukee, “, West Allis , Wisconsin, Indianapolis, America, Lisa Respers France

☆ US nabs a cartel leader after El Chapo's son tricks him onto a flight across the border: report
▼ + stars: | 2024-07-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

The Justice Department arrested two cartel leaders Thursday. One, El Chapo's son, worked with authorities to trick the second, leader El Mayo, onto a plane, according to CNN. At his trial, El Chapo argued El Mayo was the real boss behind the cartel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Cofounder Ismael Zambada Garcia, also known as "El Mayo," and Joaquin Guzman Lopez — the son of the cartel's other jailed cofounder, Joaquin "El Chapo" Guzman — were arrested in Texas and are facing multiple charges related to manufacturing and trafficking fentanyl, Garland said.

Persons: El Chapo's, El Mayo, El Chapo, —, Merrick Garland, Ismael Zambada Garcia, El, Joaquin Guzman Lopez —, Joaquin, Guzman —, Garland Organizations: Department, CNN, Service, —, Business Locations: El, Sinaloa, El Mayo, Texas

☆ Inflation is inching closer toward the Fed’s 2% target
▼ + stars: | 2024-07-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —Yet another favorable piece of economic data shows that price hikes are slowing and that long-unruly inflation appears to be tamed. On a monthly basis, the price index increased by 0.1%, also landing in line with expectations. Falling energy prices, which dropped 2.1% from May, continued to help put a damper on overall inflation in June, as did goods prices, which dropped 0.2%. Food and services inflation increased just 0.1% and 0.2%, respectively, for the month. Taking inflation out of the equation, real spending was still up for the month, rising 0.2%.

Organizations: CNN, Federal Reserve, Commerce Department, Commerce

☆ Watch CNBC's full interview with Elevation Partners co-founder Roger McNamee
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Elevation Partners co-founder Roger McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss remarks from Assistant Attorney General for Justice Department’s antitrust division Johnathon Kanter, the upcoming presidential election, and more.

Persons: Roger McNamee Roger McNamee, Johnathon Kanter Organizations: Partners, Justice

☆ Justice Dept. Settles Lawsuit With Former F.B.I. Officials Targeted by Trump
▼ + stars: | 2024-07-26 | by ( Adam Goldman | ) www.nytimes.com time to read: +1 min

The Justice Department on Friday settled a lawsuit with two former F.B.I. officials who had accused the Trump administration of violating their privacy by sharing their texts disparaging former President Donald J. Trump with the news media, according to court documents. Their texts incited a political firestorm after the Justice Department in December 2017 invited reporters to review them at night before handing them over to Congress. counterintelligence agent who helped oversee the bureau’s investigation into the Trump campaign’s possible ties to Russia in 2016, Mr. Strzok exchanged inflammatory messages with Ms. Mr. Strzok drafted the memo opening the investigation, which was approved by his superiors.

Persons: Trump, Donald J, Peter Strzok, Lisa Page, Strzok, ” Organizations: Department, Trump, Justice Department, Republicans Locations: Russia

☆ DOJ's Kanter: we are thinking about AI competition from chips to the end user
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ's Kanter: we are thinking about AI competition from chips to the end userJonathan Kanter, Assistant Attorney General for Justice Department’s Antitrust Division, joins 'Squawk on the Street' to discuss antitrust issues within the AI sector, the lack of competitors to Nvidia, and more.

Persons: DOJ's Kanter, Jonathan Kanter Organizations: Justice Department’s Antitrust, Nvidia

☆ Student loan payments are on pause for millions. Here's what borrowers need to know
▼ + stars: | 2024-07-26 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

We Are | Digitalvision | Getty ImagesFederal student loan payments are on pause for millions of borrowers while the Biden administration defends its new relief program in court. The U.S. Department of Education is placing federal student loan borrowers enrolled in the Biden administration's new income-driven repayment plan, known as SAVE, into an administrative forbearance. The SAVE plan has been a magnet for controversy ever since the Biden administration rolled out the program in the summer of 2023, describing it as "the most affordable student loan plan ever." Borrowers can explore their other repayment plan options, "but that would lead to a higher monthly loan payment," Kantrowitz said. "By staying in the SAVE plan, the borrower doesn't lose anything other than time," he added.

Persons: They'll, IRAs, Biden, Mark Kantrowitz, Kantrowitz Organizations: Getty, Biden, U.S . Department of Education, Finance, White, SAVE, Education Department, Republican Locations: forbearance, Missouri

☆ New York Will Allow Beth Israel Hospital to Close
▼ + stars: | 2024-07-26 | by ( Joseph Goldstein | More About Joseph Goldstein | ) www.nytimes.com time to read: +1 min

The conditions are aimed at ensuring that nearby hospitals aren’t overwhelmed by the increase of patients expected after Beth Israel closes. The Health Department said Beth Israel must fund an expansion of the emergency room at Bellevue, the flagship of the city’s public hospital system. Another condition is that Beth Israel must run an urgent care center, open 24 hours a day, 7 days a week, for three months. A spokesman for the Mount Sinai hospital system, Loren Riegelhaupt, said in a statement that Beth Israel would remain open and accept patients, for now. Beth Israel was founded in 1889, initially as a dispensary serving mainly Jewish immigrants on the Lower East Side.

Persons: Beth Israel, Loren Riegelhaupt Organizations: NYU Langone Health, The Health Department Locations: Manhattan, Bellevue, Beth, Mount Sinai

☆ 'Colossal amount' of capital in AI signals it may be the wrong architecture, says Robert McNamee
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Colossal amount' of capital in AI signals it may be the wrong architecture, says Robert McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss his take on the CNBC interview with Assistant Attorney General for Justice Department’s Antitrust Division Johnathan Kanter and his outlook on generative AI.

Persons: Robert McNamee Roger McNamee, Johnathan Kanter Organizations: Partners, CNBC, Justice Department’s Antitrust

☆ Oil edges up on strong U.S. GDP data but Asia economic woes limit gains
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer. But concerns about soft economic conditions in Asia's biggest economies, China and Japan, capped gains. At the same time, inflation pressures eased, which kept intact expectations that the Federal Reserve would move forward with a September interest rate cut. Lower interest rates tend to boost economic activity, which can spur oil demand. Still, continued signs of trouble in parts of Asia limited oil price gains.

Organizations: Brent, . West Texas, Commerce Department, Reuters, Federal Reserve Locations: Fort Stockton , Texas, China, Japan, U.S, Asia

☆ These 10 U.S. states are America's best-prepared for climate change and extreme weather
▼ + stars: | 2024-07-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

Some states are particularly vulnerable to climate risks, but these ten states are most ready for what Mother Nature has in store. 2024 Infrastructure Score: 276 out of 425 points (Top States Grade: A+) Climate Extremes Index: 14.9% Properties at risk: 96% Renewable energy: 24% 8. 2024 Infrastructure Score: 189 out of 425 points (Top States Grade: C-) Climate Extremes Index: 22.12% Properties at risk: 34% Renewable Energy: 77% 2. While a large percentage of Idaho properties are susceptible to climate risk, the danger of flooding is relatively minimal. 2024 Infrastructure Score: 195 out of 425 points (Top States Grade: C) Climate Extremes Index: 16.54% Properties at Risk: 90% Renewable Energy: 78% 1.

Persons: Jeremy Porter, Pete Buttigieg, Maria Lehman, Nature, Marli Miller, Justin Sullivan, Wolfgang Kaehler, Matt McClain, Randy Olson, Forester John Erixson, Kirby Lee, Jared Polis, Mario Tama, Rushmore, Idaho Neil Lincoln, Brownlee, Robert Gauthier, William, Marcia Lee, David Becker Organizations: First Street Foundation, Infrastructure Law, Transportation, CNBC, American Society of Civil Engineers, First, Atmospheric Administration, U.S . Department of Energy, Oregon Solar, UCG, Getty, Oregon Department of Energy, Washington, Cedar, Bio Energy Washington, Lightrocket, Washington Department of Commerce, Clean Energy Fund, New, Washington Post, Energy, Nebraska, Nebraska Forest, Colorado, University of Colorado, California, Energy Department, Dakota, Idaho Power, Los Angeles Times, Idaho Locations: Louisiana, States, Oregon, Valley , Oregon, Arizona, Phoenix , Arizona, Maricopa County, Phoenix, King, King County , Washington, United States, New Mexico, Mora , NM, Nebraska, Loup, Taylor , Nebraska, Boulder , Colorado, Palm Springs , California, California, Texas, South Dakota, Cavan, Iowa, Idaho, Nevada, Las Vegas

☆ Irish museum pulls Sinéad O’Connor waxwork after just one day due to backlash
▼ + stars: | 2024-07-26 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —An Irish museum will withdraw a waxwork of singer-songwriter Sinéad O’Connor just one day after installing it, following a backlash from her family and the public, it told CNN in a statement on Friday. The success of her music, with singles like “Nothing Compares 2 U,” combined with her openness about her struggles with addiction and mental illness made her an influential pop culture figure, particularly in her native Ireland. Sinéad O'Connor died last year. Michel Linssen/Redferns/Getty ImagesJohn O’Connor said he “thought (the waxwork) was hideous” and added “a friend of mine said to me last night that he’d seen better in (department store) Shaws, in the window.”“I lost my sister and to me that’s important,” he said. He explained that the waxwork’s sculptor had been feeling unwell and retired after many years of “fantastic work” for the museum.

Persons: Sinéad O’Connor, O’Connor, John O’Connor, RTÉ’s, “, ”, Sinéad O'Connor, Michel Linssen, Paddy Dunning Organizations: CNN, Wax Museum Locations: Irish, Dublin, Ireland

☆ These 10 U.S. states are America's least-prepared for climate change and extreme weather
▼ + stars: | 2024-07-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

In 2021, Maryland adopted a ten-year Climate Adaptation Resilience Framework aimed at making the state's infrastructure more sustainable by 2030. 2024 Infrastructure Score: 230 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 100% Renewable Energy: 14% 9. 2024 Infrastructure Score: 235 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 54% Renewable Energy: 4% 5. 2024 Infrastructure Score: 246 out of 425 points (Top States Score: B+) Climate Extremes Index: 39.82% Properties at risk: 14% Renewable Energy: 5% 4. 2024 Infrastructure Score: 179 out of 425 points (Top States Grade: D+) Climate Extremes Index: 48.6% Properties at risk: 100% Renewable Energy: 6% 1.

Persons: There's, Jeremy Porter, Maria Lehman, Governor Moore, Sarah L, Voisin, Ming Li, Wes Moore, Baltimore's Francis Scott Key, Kevin Dietsch, Danielle Villasana, Joseph Prezioso, Pennsylvania Al Walker, Audrey, Jeff Swensen, Drew Koch, Zbigniew Bzdak, Aaron Wilson, Joe Biden, Lady Jill Biden, Peter Zay, Winter Storm Lorraine, Anibal Martel, Louisiana Farmer Chad Hanks, Justin Sullivan, John Bel Edwards, Jeff Landry, Lokman Organizations: NOAA National Centers for Environmental, First Street Foundation, U.S, Infrastructure, American Society of Civil Engineers, Companies, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Maryland, Preparedness, Washington Post, University of Maryland Center, Environmental, Gov, Energy, Delaware Contractors, Army Corp of Engineers, Texas, Lone Star State, Climate Center, Georgetown University, The, New, New Hampshire Workers, AFP, Getty, Environmental Protection Agency, University of New, Pennsylvania, Grow, Keystone, Pennsylvania Department of Environmental, Chicago Tribune, The Buckeye State, Mississippi Residents, Anadolu, Connecticut Municipal, Winter, Constitution, Connecticut Department of Public Health, Louisiana, NOAA, Task Force, Republican Gov Locations: U.S, States, , Maryland, Silver, Maryland, Montgomery, Chesapeake, Bethany Beach , Delaware, Delaware, Houston , Texas, , Texas, The Texas, New Hampshire, Nashua , New Hampshire, University of New Hampshire, Grow Pittsburgh, Braddock , Pennsylvania, Pittsburgh, Midwest, Ohio, Sandusky, Lake Erie, Erie, Mississippi, Rolling, United States, Connecticut, Hartford Area , Connecticut, Kaplan , Louisiana, Louisiana, Jersey, Lodi , New Jersey

☆ U.S. arrests Mexican drug lord 'El Mayo' and El Chapo's son in Texas
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +1 min

Mexican drug lord Ismael "El Mayo" Zambada and the son of his former partner, Joaquin "El Chapo" Guzman, were arrested in El Paso, Texas, on Thursday, the U.S. Justice Department said. Mexican drug lord Ismael "El Mayo" Zambada and the son of his former partner, Joaquin "El Chapo" Guzman, were arrested in El Paso, Texas, on Thursday, the U.S. Justice Department said. Zambada and Joaquin Guzman Lopez, the son of El Chapo, face multiple charges in the U.S. "for heading the Cartel's criminal operations, including its deadly fentanyl manufacturing and trafficking networks," the statement said. The arrest of Guzman Lopez was first reported by Reuters, ahead of the Justice Department statement. Two U.S. officials told Reuters that Zambada and Guzman Lopez were detained after landing in a private plane.

Persons: Ismael " El, Zambada, Joaquin, El, Guzman, Joaquin Guzman Lopez, Guzman Lopez Organizations: U.S . Justice Department, Sinaloa Cartel, Reuters, Department Locations: Ismael " El Mayo, El Paso , Texas, Mexican, Sinaloa, U.S

☆ Feds accuse famed short-seller Andrew Left of fraud and market manipulation
▼ + stars: | 2024-07-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Andrew Left, a short-seller known for his research and social-media activity, has been accused of fraud. The Justice Department alleges that Left "knowingly exploited his ability to move stock prices." He rose to prominence because of his work on Valeant but more recently took big losses on GameStop. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAndrew Left, the famed short-seller who made millions betting against public companies, has been charged with fraud by federal prosecutors.

Persons: Andrew Left, —, Citron, Left — Organizations: Department, GameStop, Service, Citron Research, Justice Department, Left, Valeant Pharmaceuticals, Health, Enron, Business

☆ Spicy dispute over the origins of Flamin’ Hot Cheetos winds up in court
▼ + stars: | 2024-07-26 | by ( Michael Nam | ) edition.cnn.com time to read: +2 min

AP —A court case could soon settle a spicy dispute: Who invented Flamin’ Hot Cheetos? In 1991, Montañez asked for a meeting with PepsiCo CEO Roger Enrico to pitch his spicy Cheetos, confident they would be a hit with the Latino community. Enrico granted the meeting, liked the presentation and directed the company to develop spicy Cheetos, according to the lawsuit. PepsiCo introduced Flamin’ Hot Cheetos in 1992. He published a memoir in 2021 and his life story was made into a movie, “Flamin’ Hot,” in 2023.

Persons: Richard Montañez, Montañez, Roger Enrico, Enrico, Fritos, –, ” Montañez Organizations: PepsiCo, Los Angeles Times Locations: California, Ranch Cucamonga , California, Mexico, Southern California

☆ What We Know About the Sinaloa Cartel Arrests
▼ + stars: | 2024-07-26 | by ( Andrés R. Martínez | ) www.nytimes.com time to read: 1 min

The United States arrested two of the world’s most wanted drug traffickers on Thursday and accused them of being responsible for the growing presence of fentanyl in the country, where it has devastated communities. Ismael “El Mayo” Zambada García, 76, and Joaquín Guzmán López, 35, were taken into custody on Thursday, according to the Justice Department. The two men lead the Sinaloa Cartel, one of the biggest criminal organizations in Mexico responsible for a wave of violence that has left a painful scar on Mexico in the past three decades. Here’s what to know about the arrests and the cartel:

Persons: Ismael “ El, Guzmán Organizations: United, Ismael “ El Mayo, Zambada, Justice Department, Sinaloa Cartel Locations: United States, Sinaloa, Mexico

☆ Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations
▼ + stars: | 2024-07-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Fed officials use the PCE measure as their main baseline to gauge inflation, which continues to run above the central bank's 2% long-range target. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. Core inflation, which excludes food and energy, showed a monthly increase of 0.2% and 2.6% on the year, both also in line with expectations. Goods prices fell 0.2% on the month, while services increased 0.2%. The report also indicated that personal income rose just 0.2%, below the 0.4% estimate.

Persons: Dow Jones Organizations: Commerce Department, Federal Reserve, Fed

☆ Markets now pricing in three rate cuts before the end of the year following better inflation news
▼ + stars: | 2024-07-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Improving news on inflation again has raised investors' hopes that the Federal Reserve soon will start to aggressively lower interest rates. Futures market pricing now indicates that while the Fed will remain on hold at next week's policy meeting, it will commence cutting in September and move again in November and December. The market-implied probability for a September cut nudged up to about 90% Friday morning, according to the CME Group's FedWatch Tool that measures fed funds futures pricing. Traders in early 2024 were pricing in at least six cuts this year, but the central bank's rate-setting group has remained on hold for a year. Following the two-day meeting that concludes next Wednesday, the Fed meeting schedule is empty for August, save for the all-important annual conclave in Jackson Hole, Wyoming.

Persons: Joseph Brusuelas, —, Jerome Powell, Christopher Waller Organizations: Federal Reserve, Friday's Commerce Department, RSM, Traders, Federal Open, Fed Locations: Jackson Hole , Wyoming

☆ US prosecutors charge Andrew Left, a prominent short-seller, with fraud
▼ + stars: | 2024-07-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through independently published reports on their targets. Left, 54, was charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. Each securities fraud count carries a maximum prison sentence of 20 years. Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.

Persons: Andrew Left, “, Citron, Left, ” Citron, ” Organizations: New, New York CNN, Federal, Justice, Left, Citron Research, Enron, Securities and Exchange Commission, SEC Locations: New York, California

☆ Park Fire in California burns nearly 125,000 acres as Oregon firefighters battle nation’s largest active fire
▼ + stars: | 2024-07-26 | by ( Dalia Faheid | ) edition.cnn.com time to read: +9 min

The largest active wildfire in the US has scorched more than 280,000 acres in eastern Oregon and another blaze has exploded to nearly 125,000 acres in California. • Park Fire explodes in size: By Thursday morning, the wildfire had burned an average of nearly 50 football fields per minute since starting Wednesday afternoon. • Firefighters battle massive Oregon fire: The Durkee Fire, which has burned an area larger than the city of Indianapolis, started on July 17 near the Oregon-Idaho state line. • Oregon wildfire destroys buildings: Three people were injured and two homes and 12 other structures were destroyed as the fire spread, according to the Oregon Department of Emergency Management. In this image provided by the Oregon Department of Transportation, shows an area burned by the Durkee fire near Interstate 84 close to Huntington, Oregon, on July 23, 2024.

Persons: Tina Kotek, Justin Trudeau, ” Julia Yarbough, Yarbough, Ronnie Dean Stout, Mike Ramsey, “, ” Stout, Ramsey, Stout, CNN Stout, Noah Berger, ’, Danielle Smith, Mike Ellis, ” Ellis, ” Smith, Jasper, Richard Ireland, ” Organizations: CNN, Western, Cal Fire, • Firefighters, Oregon -, Oregon Department of Emergency Management, Oregon Gov, National Guard, Northern Rockies, National Interagency Fire Center, Oregon Department of Transportation, KOVR, DA, “, ’ ”, ”, Public Safety, Emergency, Jasper National, Facebook Locations: Western United States, Canada, Oregon, California, Atlanta, Butte County, Indianapolis, Oregon - Idaho, Baker County, Boise, Colorado , Idaho , Oregon, Washington, Jasper, Alberta, Western, Northwest, Huntington , Oregon, Chico, Butte, Bidwell, Butte County , California, ’ ” Alberta, “, ” Alberta, ” Ireland

☆ How Elon Musk could benefit from a second Trump presidency
▼ + stars: | 2024-07-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewWith a few pen strokes, Donald Trump could make many of Elon Musk's problems go away. But Musk also stands to gain with a new administration controlling federal regulations. But with Trump as president, Musk wouldn't even need to dismantle the so-called "administrative state" to get federal agencies out of his way. As president, Trump could direct the Justice Department and other executive agencies to drop any actions against Trump and his friends' businesses, Gernhardt told BI. Existing federal laws from the EPA and Department of Interior could be relaxed, Blanchard said.

Persons: —, Donald Trump, Elon, Musk, Joe Biden, Trump, JD Vance —, Michael Gerhardt, Gernhardt, Jilian Blanchard, Blanchard, Gerhardt Organizations: Service, Business, University of North, SEC, SpaceX, Justice Department, Good Government, National Environmental, EPA, Department of Interior, Securities, Exchange Commission, Twitter, Interior Department Locations: Ohio, Silicon, University of North Carolina, Chevron, Texas

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