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☆ Russia to Start Secret Trial of U.S. Reporter Accused of Espionage
▼ + stars: | 2024-06-26 | by ( Neil Macfarquhar | Milana Mazaeva | ) www.nytimes.com time to read: +1 min

He tries to keep himself in shape during the hourlong exercise period he is permitted each day. Friends who correspond with him describe Mr. Gershkovich, a Wall Street Journal reporter, as positive, strong and rarely discouraged, despite facing the official wrath of President Vladimir V. Putin’s Russia. He is scheduled go on trial Wednesday, facing up to 20 years in prison on an espionage charge that he, his employer and the U.S. State Department vehemently deny. At the heart of Mr. Gershkovich’s ordeal is a void — the absence of any evidence made public by the Russian authorities to support their claim that he was a spy. Nor is any likely to emerge from his trial in Yekaterinburg, which has been declared secret, with any observers barred from attending, and his lawyers prohibited from publicly revealing anything they learn.

Persons: Evan Gershkovich, ”, Gershkovich, Vladimir V, Maria Borzunova Organizations: Street Journal, U.S . State Department Locations: Moscow’s, United States, Russia, Russian, Yekaterinburg

Artificial intelligence is set to give the global data center market a major boost, according to Jefferies, and usher in a "new era of electricity demand." "As GPUs [graphics processing units] have become a larger part of the data center ecosystem and drive AI investments, demand for power and data center space has grown at a feverish pace," the investment bank's analysts wrote in a June 18 note. They noted that demand for data center space has increased between 10% and 20% each year for most of the past 15 years. As the data center market grows, so will demand for electricity, Jefferies said, naming a slew of beneficiaries in these segments and beyond. Among the "pure-play data center" names it likes are Digital Realty Trust and Equinix .

Persons: Jefferies, Stocks, — CNBC's Michael Bloom Organizations: Digital Realty Trust Locations: U.S, Europe, Freeport, McMoRan

Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia. Asia-Pacific markets mostly opened lower Wednesday as investors anticipate Australia's inflation numbers for May and Singapore's May manufacturing output data. Australia's weighted inflation rate is expected to come in at 3.8% in May, according to a Reuters poll of economists. The reading comes after Reserve Bank of Australia Governor Michelle Bullock recently revealed the central bank discussed hiking rates at its last meeting. The RBA has two inflation readings to consider — June 26 and July 31— before its next meeting on Aug. 6.

Persons: Michelle Bullock, Singapore's Organizations: Sydney Harbour, Opera House, Singapore's, Reserve Bank of Australia Locations: Sydney, Australia, Asia, Pacific, Japan

☆ Guess Who’s Back: A Trump Ally and Brexiteer Disrupts the U.K., Again
▼ + stars: | 2024-06-26 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

The crowd of 800 cheered as pyrotechnics lit up the theater stage in Clacton-on-Sea, a faded English seaside town, and the lyrics of an Eminem song boomed out: “Guess who’s back, back again?”The answer is Nigel Farage, supporter of former President Donald J. Trump, Brexit campaigner and Britain’s best known political disrupter, who leads a new insurgent party that rails against immigration and promises to upend Britain’s impending general election. Never before elected to the British Parliament, Mr. Farage is running to represent the Clacton area, and opinion surveys suggest he has a strong chance of winning. “The establishment are terrified, the Conservatives are terrified,” Mr. Farage declared gleefully, referring to the governing party, which trails badly in opinion polls ahead of the July 4 election. Britain was “a broken nation,” he added, in a speech attacking targets ranging from asylum seekers to the BBC. A polarizing, pugilistic figure and a highly skilled communicator, Mr. Farage, 60, helped the Conservatives to a landslide victory in the last general election by not running candidates from his Brexit Party in certain key areas.

Persons: Guess, Nigel Farage, Donald J, Trump, upend Britain’s, Farage, ” Mr Organizations: BBC, Conservatives, Party Locations: Clacton

The allegations provide a window into the scale and force of this Israeli operation to free hostages taken during the attack on Israel last October. The UN human rights office (OHCHR) warned that Israeli forces and Palestinian armed groups may have committed war crimes through their actions. CNNMohammad told CNN that before the Israeli forces withdrew, they threatened to shoot his relatives, after which he heard gunshots. “I called the ambulance, but they said they cannot come because the area is dangerous,” Mohammad told CNN. Palestinians inspect the damage a day after Israeli forces launched an operation to rescue four hostages, in Nuseirat, central Gaza, on June 9.

Persons: fleck, Abdel Miqdad shudders, Yamen, “, ”, Jeremy Laurence, ” Israel, ‘, Mohammad, –, ” Mohammad, Rasha, ” Rasha Abdel Miqdad, Zain, Abdul Raouf, Ahmad, ” Ahmad, CNN Mohammad, ’ ” Mohammad, Richard Weir, Trevor Ball, Weir, Eyad Baba, clamor, Médecins, Karin Huster, Maryame El Abbassi, Mumen, Khan Younis, ” Mumen Organizations: CNN, ” CNN, Israel Defense Forces, Israeli Paratroopers Reconnaissance Battalion, Health, UN, IDF, Flames, Artillery, “, IMI, Military Industries, Human Rights Watch, US Army, Awda, Aqsa Martyrs Hospital, Nasser Hospital, Getty, Humanitarian Affairs Locations: Gaza, Israel, Rafah, Nuseirat, ‘, Al, Aqsa, AFP, Khan

☆ The debate night contrast Biden hopes will win the 2024 election
▼ + stars: | 2024-06-26 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —The Almighty won’t be standing on stage alongside Joe Biden on Thursday night. Biden’s campaign laid the groundwork for the Atlanta showdown hosted by CNN in a weekend memo. If Trump rants and vents his 2020 election lies on Thursday, he will play into Biden’s hands. That could avoid the mayhem of the first Trump v. Biden debate in 2020. His campaign has spent days trying to roll back his expectations of Biden as a doddering, elderly president who can’t string two words together.

Persons: Joe Biden, Donald Trump, “, ‘ Joey, don’t, Trump, ”, zealots, Biden, Michael Tyler, Mitch Landrieu, Kayla Tausche, it’s, George W, Democrat John Kerry’s, Barack Obama’s, Mitt Romney, Cronkite, TikTok, he’s, — they’ve, Karl Rove, Trump can’t, shouldn’t, Kristi Noem, Trumpian, Jason Miller, ” Miller, Massachusetts Sen, Elizabeth Warren, ” Warren, they’ll, he’ll Organizations: CNN, Atlanta, ” Biden, Trump, Democrat, GOP, White, Capitol, Voters, Biden, . South Dakota Gov, NBC, Union, Massachusetts Locations: Democrat John Kerry’s Vietnam, Washington, New York, ., Atlanta, State, Wisconsin

☆ U.S. ambassador accuses China of undermining bilateral ties, Wall Street Journal reports
▼ + stars: | 2024-06-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The U.S. ambassador to China Nicholas Burns attends the 10th World Peace Forum on July 4, 2022 in Beijing, China. The 10th World Peace Forum opened in Beijing on Sunday. The U.S. ambassador to China said Beijing is undermining ties between the two countries despite the agreement between the two sides to boost engagement, according to the Wall Street Journal. It comes as ties between the U.S. and China have somewhat warmed after Xi and Biden met in California on the sidelines of the APEC summit in November. Since then, Chinese officials have welcomed top American diplomats in Beijing, including Treasury Secretary Janet Yellen and Secretary of State Anthony Blinken.

Persons: China Nicholas Burns, Joe Biden, Xi Jinping, Nicholas Burns, Xi, Biden, Janet Yellen, State Anthony Blinken Organizations: Sunday, Wall Street, WSJ, U.S, APEC, State Locations: China, Beijing, U.S, California

☆ India’s Modi to visit Moscow soon, Russian state media says
▼ + stars: | 2024-06-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +2 min

Preparations are being made for Modi’s visit to Moscow and dates will be announced soon, Kremlin spokesperson Yuri Ushakov said, according to Russia’s state-owned TASS news agency. “I can confirm that we are preparing a visit by the Prime Minister of India,” he said, according to TASS. India’s ties with Russia date back decades to the Cold War and have remained strong despite repeated sanctions on Moscow from Western governments. At the same time, India’s ties with the United States have grown stronger, amid shared concerns over China’s assertiveness in the Indo-Pacific region. Modi met with US President Joe Biden during a state visit to Washington last June, in a trip further cementing their defense, trade and technology partnership.

Persons: Narendra Modi, Yuri Ushakov, ”, India’s, Modi, Vladimir Putin, Putin, China –, China’s, Joe Biden Organizations: CNN, Indian, TASS, Affairs, Shanghai Cooperation Organization, Russia, United Nations, Kremlin, SCO Locations: Russia, Ukraine, Washington, Moscow, India, Russian, Uzbekistan, New Delhi, Western, China, United States, ’, Japan, Australia

☆ The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
▼ + stars: | 2024-06-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Beijing has long touted its ambitions for increasing global use of the Chinese yuan — also known as the "renminbi" or "RMB" — in an international financial market where the U.S. dollar is the dominant currency. watch nowLast year, the HKEX announced a "Dual-Counter" program that allows investors to trade Hong Kong-listed securities in Hong Kong dollars or Chinese yuan. The euro was slightly higher at 5.6%, while the U.S. dollar dominated with a nearly 85% share, the data showed. A maturing financial marketDeveloping more Chinese yuan-denominated investment products also requires a maturation of the local financial sector.

Persons: China’s renminbi, Athit Perawongmetha, Bonnie Chan, Chan, We're, SWIFT, Fred Hu, Hu, it's, Patience, Kenny Lam Organizations: Reuters, Hong Kong Exchanges, U.S ., International Monetary Fund, U.S, Primavera Capital, Sigma Asia Locations: U.S, Bangkok, Thailand, Reuters DALIAN, China, Beijing, Russia, Dalian, Hong Kong, Shanghai, Pacific

☆ This 28-year-old fund consistently beats the S&P 500 — without megacap tech stocks. Here's its strategy
▼ + stars: | 2024-06-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

One fund has a formula that has enabled it to consistently beat the S & P 500 : the Hennessy Cornerstone Growth Fund. The fund uses a formula-based strategy for investing, according to its portfolio managers Neil Hennessy, Ryan Kelley, and Joshua Wein. "We're trying to combine value with momentum and some growth," Kelley said. Stocks the fund owns Most of the stocks in the outperforming fund aren't actually in tech but in the industrials, consumer, financials and health-care sectors — because of the formula they use. It is the only name which survived in the recent rebalancing to the current batch of 50 stocks, said Wein.

Persons: Neil Hennessy, Ryan Kelley, Joshua Wein, Kelley, Wein, They've, We're, aren't Organizations: Cornerstone Growth Fund, CNBC Pro, Micro Computer, Urban Outfitters Locations: United States

☆ Vietnam’s VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +3 min

The Vinfast VF6 all-electric vehicle is on display at the 2022 Los Angeles Auto Show on Nov. 18, 2022 in Los Angeles, California. Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can't sell enough cars. Designed specifically for the Vietnamese and other Asian markets, the VF3 is priced for "mass appeal," according to VinFast. VinFast's future matters for Vietnam, both because its ambitions dovetail with the Communist Party's own goals, and because of parent company Vingroup's large role in the Vietnamese economy. "We will never let VinFast go," he told Vingroup shareholders at their annual general meeting in April, according to state media.

Persons: Le Thi, VinFast, It's, Vingroup, Pham Nhat Vuong, Tu Le Organizations: Angeles Auto, Nasdaq, General Motors Corp, Ford Motor Co, Communist, Vingroup's, U.S . Securities, Exchange Commission, Sino Locations: Los Angeles , California, Le, U.S, VinFast, North Carolina, California, Vietnam, Ukraine, Asia

☆ Asian shares shaky as investors wary before US inflation data
▼ + stars: | 2024-06-26 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar. The comments along with data showing a stable housing market kept expectations in check over when and by how much the Fed will cut rates. Markets are pricing in 47 basis points of easing this year, with a rate cut in September pegged at 66% probability, CME FedWatch tool showed. In the currency market, the dollar index , which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715. The yen touched a 34-year low of 160.245 per dollar on April 29, prompting Tokyo to spend roughly 9.8 trillion in late April and early May to support the currency.

Persons: Androniki, Lisa Cook, Cook, Michelle Bowman, Selena Ling, OCBC, OCBC's Ling, Shri Navaratnam Organizations: Nikkei, REUTERS, Federal Reserve, . Federal, Reuters, Bank of Japan's, Brent, U.S, West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, U.S, Asia, Pacific

☆ Steady dollar sends yen to the brink of 160
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +2 min

The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week. The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week. The Australian dollar dipped 0.1% to $0.6640 and the New Zealand dollar similarly slipped to $0.6115, with small moves reflecting thin trade. Sterling was steady at $1.268, while bitcoin has recovered somewhat from a dip below $60,000 this week to trade at $61,668. "The yen moves more, and yuan moves are more controlled, but they seldom move in opposite directions," said Societe Generale strategist Kit Juckes.

Persons: Pat Bustamante, Lisa Cook, Michelle Bowman, Bowman, bitcoin, Kit Juckes Organizations: Canadian, Westpac, Federal, Fed, New Zealand, Citi, Sterling, Generale Locations: Asia, U.S, China

☆ North Korea’s latest missile test likely ended in failure, South Korea’s military says
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +2 min

A North Korean ballistic missile test Wednesday likely ended in failure, South Korea's military said, days after the North protested the recent regional deployment of a U.S. aircraft carrier for a trilateral military drill with South Korea and Japan. A North Korean ballistic missile test Wednesday likely ended in failure, South Korea's military said, days after the North protested the recent regional deployment of a U.S. aircraft carrier for a trilateral military drill with South Korea and Japan. The Joint Chiefs of Staff said South Korean and U.S. intelligence authorities are analyzing details of the North Korean launch. Yonhap cited an unidentified South Korean military source as saying North Korea was believed to have tested a hypersonic missile. South Korea's military said Monday said it was ready to turn on its loudspeakers again.

Persons: didn't, Yonhap Organizations: South Korea's, Chiefs, Staff, South, Japan's Defense, Korean Locations: Korean, U.S, Korea, Japan, South, South Korean, North Korea, South Korea

☆ CNBC Daily Open: Nvidia rallies after sell-off, lifts S&P 500 and Nasdaq
▼ + stars: | 2024-06-26 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia sparks rallyThe S&P 500 and the Nasdaq Composite snapped a three-day slide as Nvidia rebounded from a sell-off. Trump inflation warningSixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including 'reignite' inflation. "There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," they said.

Persons: Goldman Sachs, Rivian, Donald Trump, Joe, Donald Trump's, Michelle Bowman Organizations: New York Stock Exchange, CNBC, Nvidia, Nasdaq, Dow Jones, Boeing, Home, Treasury, Volkswagen, VW, Ford, Detroit automaker, Trump, Federal, European, Microsoft, Salesforce, Dow Locations: New York City, EU

☆ European markets head for positive open as global chip stocks stabilize
▼ + stars: | 2024-06-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A Trader works on the floor of the New York Stock Exchange in New York City, June 24, 2024. LONDON — European stocks are expected to open higher Wednesday, reversing negative sentiment seen in the previous trading session. The positive open anticipated for European markets comes after rocky trade in the region, and elsewhere globally, after a tech-driven selloff — although volatility in the sector appeared to stabilize after chipmaking giant Nvidia rallied Tuesday. Wall Street is likely to shift its attention toward fresh U.S. inflation data on Friday with the release of May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge. Data releases in Europe on Wednesday include Germany's GFK consumer survey for July and European consumer confidence data for June.

Persons: Germany's DAX Organizations: New York Stock Exchange, LONDON, CAC, IG, Nvidia, U.S, U.S . Federal Locations: New York City, Asia, Pacific, U.S ., Europe, Mulberry

☆ South Sudan is home to ‘world’s largest land mammal migration.’ War means no one knows about it.
▼ + stars: | 2024-06-25 | by ( Nell Lewis | ) edition.cnn.com time to read: +14 min

Antelopes, hundreds of thousands of them, are crossing the savannas of South Sudan. But a report published today estimates that South Sudan is home to the largest known migration of land mammals on Earth. South Sudan, a country in central Africa, has a varied landscape, from rainforests to lush savannas and swamplands fed by the Nile River (pictured). Marcus Westberg He suspects that the migration’s survival and growth is likely to be linked to the decades of war South Sudan has suffered. South Sudan gained independence from Sudan in 2011 after decades of civil war.

Persons: Marcus Westberg, Mike Fay, ”, Steve Boyes, South Sudan Fay, He’s, “ It’s, Jigar, Fay, ” Fay, “, you’ve, We’ve, “ We’ve, Boyes, Salva Kiir Mayardit Organizations: CNN, Initiative, African Parks, African Parks Network, Parks Network, United Nations, Parks, Rolex, Ministry of Wildlife Locations: South Sudan, Sudan, Africa, African, Ethiopia, South Sudan’s, Juba, “, Tanzania

☆ Travelers could see higher fares, fewer available seats as Airbus cuts number of planes it expects to make this year
▼ + stars: | 2024-06-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Airbus cut its target for how many planes it expects to make this year and next, citing supply chain issues. The tighter-than-expected supply of jets is forcing airlines to adjust their expansion plans, even as they deal with record demand for air travel. That means that passengers could find fewer available seats and fares that are higher than they would be otherwise. But airlines that use Airbus planes have not been without problems, as a number of A320neo jets have been grounded due to problems with their engines. Airfares were down 13% to nearly 19% from those 2022 peaks during the summer travel months last year, as the number of available seats on planes rose by about 15% from a year earlier.

Organizations: New, New York CNN, Airbus, Boeing, Max Alaska Air, Monday Airbus, TSA, Consumer, Bureau of Transportation Statistics Locations: New York, Paris

☆ Kenya braced for more anti-tax protests as citizens call for ‘total shutdown’
▼ + stars: | 2024-06-25 | by ( Larry Madowo | Stephanie Busari | ) edition.cnn.com time to read: +1 min

CNN —Kenya is in the grip of nationwide protests against proposed tax hikes, culminating in a planned “total shutdown” of the country on Tuesday. The demonstrations, sparked by the Finance Bill 2024, have seen citizens rally under the banner of “7 Days of Rage,” as the nation faces more days of upheaval. President William Ruto has said he wants to have dialogue with the protesters and that he is “proud” of them. Amnesty International Kenya says it is investigating the whereabouts of up to 12 people who were “abducted in the middle of night” ahead of Tuesday’s planned protests. The list includes bloggers, content creators, human rights defenders, a doctor, and a parliamentary staffer, Amnesty Kenya executive director Irũngũ Houghton told CNN.

Persons: William Ruto, Tuesday’s, Irũngũ Houghton, Joe Biden, ”, Biden, Ruto Organizations: CNN —, Finance, CNN, Kenyan, NATO, White Locations: CNN — Kenya, Kenya

Former U.S. President and Republican presidential candidate Donald Trump gestures during a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Former President Donald Trump could announce his vice presidential pick as early as this week, possibly ahead of Thursday's debate, according to four people familiar with the situation. That gives him a limited window in which to introduce his running mate to the public. Trump's official spokespeople have regularly tamped down speculation about the timing of an announcement and the identity of Trump's running mate, and they did so again Tuesday. He ignored a follow-up question about whether he has talked with Trump about the VP job this week.

Persons: Donald Trump, Trump, Joe Biden, Stormy Daniels, Doug Burgum, Doug Burgum , Ohio Sen, JD Vance, Florida Sen, Marco Rubio, Rubio, Vance, Burgum, Biden, Brian Hughes, Donald J Organizations: U.S, Republican, Trump, Republican National Convention, Milwaukee ., NBC, North Dakota Gov, CNN Locations: Philadelphia , Pennsylvania, U.S, Atlanta, Virginia, Milwaukee, New York, Doug Burgum , Ohio, Florida

☆ Wednesday could be a big day for AI chip stocks as their market-leading rally stalls
▼ + stars: | 2024-06-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

MU YTD mountain Micron shares this year Nvidia's seemingly limitless rally stalled in recent sessions as investors took a break from semiconductor stocks. While it isn't a given that CEO Jensen Huang shows up at Nvidia's meeting, any commentary could provide an impetus for the stocks. Meeks noted that recent comments from Huang about AI chips during a trip to Asia spurred a bounce in shares. Comments could boost sentiment and convince investors the chip behemoth has yet to reach peak revenue, he added. Meeks called the selloff in chip stocks overdone, viewing a long-term runway for the AI theme at a reasonable valuation.

Persons: You've, Paul Meeks, Jensen Huang, Meeks, Huang, Meeks —, Harlan Sur, Christopher Danely, I'm Organizations: Nvidia, Micron Technology, Portfolio Management, MU, Micron, Broadcom, Qualcomm, JPMorgan, Citi Locations: Asia

☆ CNBC Daily Open: Dow jumps as investors rotate out of tech; Nvidia sinks
▼ + stars: | 2024-06-25 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow up, Nvidia sinksThe Dow Jones Industrial Average rose 260 points as investors rotated out of technology and into banking and energy stocks, such as Goldman Sachs and Chevron. He expressed concerns about potential criticism from former President Donald Trump if rate cuts occur before the election. "I suspect the market is probably more right than wrong when it says the rate cuts are likely to come after the election," he said. James Butterfill, head of research at CoinShares, attributes the sell-off to concerns over the number of rate cuts.

Persons: Dow, Goldman Sachs, David Rubenstein, Rubenstein, CNBC's Andrew Ross Sorkin, Donald Trump, Bitcoin, James Butterfill, Shein Organizations: CNBC, Nvidia, Dow Jones, Chevron, Nasdaq, Treasury, The Carlyle, Federal Reserve, Novo Nordisk Locations: Israel, Lebanon, Novo, North Carolina, Danish, London, U.S, Beijing, Singapore, China

☆ Trump Media shares rise on heavy volume, as DJT rallies after major sell off
▼ + stars: | 2024-06-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Shares of Trump Media shot up as much as 11% as markets opened Tuesday, clawing back more of the Truth Social maker's losses that followed former President Donald Trump's criminal conviction in New York. The upward swing movement shows the makings of a third straight day of gains for Trump Media, which trades as DJT on the Nasdaq. The stock soared 21% on Monday, boosting by hundreds of millions of dollars the company's market capitalization — and the on-paper net worth of Trump, who owns nearly a 65% stake in Trump Media. The presumptive Republican presidential nominee cannot sell any of his shares until late September, when a post-merger lock-up period expires. The stock price declined 46% between that May 30 verdict and the end of last week.

Persons: clawing, Donald Trump's, Trump Organizations: Trump Media, Nasdaq Locations: New York, Manhattan

☆ Job seekers are jumping through more hoops to get hired as power shifts back to employers
▼ + stars: | 2024-06-25 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +5 min

Read previewThe hiring process seems to have become increasingly complex in recent years, with job seekers facing new tests, more interviews, and months of waiting to hear back from prospective employers. Job seekers have been taking to social media to complain about jumping through various hiring hoops just to secure an entry-level job. He said that in recent years, the hiring process has slowed down as the number of interview rounds has increased: "It reflects a lack of understanding by employers about what they're actually looking for." Advertisement"Many interviews and job assessments now take place online, which means candidates need to adapt to virtual interactions and later demonstrate their skills remotely," she said. When job interviews started to be done on Zoom and managers had fewer opportunities to evaluate candidates, more employers began using cognitive and psychometric assessments as part of their hiring process.

Persons: —, Chris Abbass, Abbass, Peter Cappelli, Wharton, They've, Cappelli, Nikita Gupta, they're, Gupta Organizations: Service, Business, school's, Human Resources, Harvard Business, Big Tech

☆ Oil prices fall as rally takes a pause while traders watch Middle East tensions, summer demand
▼ + stars: | 2024-06-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Crude oil futures fell Tuesday as the recent rally took a breather, with traders watching tensions on the Israel-Lebanon border and summer fuel demand. U.S. crude oil and global benchmark Brent are ahead 5.5% and 4.9%, respectively, for the month as prices have bounced back from May doldrums on a more optimistic outlook for summer fuel demand. Here are today's energy prices:Geopolitical tensions are also back in focus amid fears that Israel and the Iran-backed militia Hezbollah could go to war. Oil prices hit annual highs in April as Israel and Iran teetered on the brink of war, stoking fears that a wider conflict could engulf the Middle East and disrupt crude supplies. But McKay also said the oil rally could fade with funds likely to start liquidating long positions if WTI prices fall below $81 per barrel.

Persons: doldrums, Israel, CQ Brown, John Evans, Evans, Ryan McKay, McKay Organizations: Brent, Hezbollah, Air Force, Sunday, Israel, TD Securities Locations: McKittrick, Kern County , California, Israel, Lebanon, Iran, Gaza

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