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☆ How hedge funds are dealing with the global market meltdown
▼ + stars: | 2024-08-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The VIX, Wall Street's go-to snapshot of market volatility, is at its highest point since the onset of the pandemic. And hedge funds are sifting through the wreckage, with some looking to survive and others planning to pounce. In any market meltdown, there are clear winners and losers given the strategies and positioning of different firms. The yen carry trade has also likely wrong-footed many macro funds, several industry veterans said. It also slowed dealmaking, annoying private equity investors whose capital was tied up in older vintage funds.

Persons: —, Wall Street's, there's, allocators, Harvey Schwartz, Carlyle Organizations: Service, Business, Citadel, Eisler Capital, Universa Investments Locations: Europe, Asia, New York, London

☆ What to do if you catch your employee on a quiet vacation, according to an HR exec
▼ + stars: | 2024-08-05 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

Read previewQuiet vacationing — employees secretly taking time off or using tools to circumvent monitoring software — is rising. This story is available exclusively to Business Insider subscribers. AdvertisementBusiness Insider has previously reported on employees using mouse jigglers and other methods to take secret vacations or work multiple jobs at once. Related stories"What does it say if an employee feels they can't take an extra day vacation or have to sneak out to go on vacation? Employees should have clear goals and objectives, and companies should measure employee performance based on those metrics, according to Church.

Persons: —, Nolan Church, JP Morgan, aren't, Church, wasn't Organizations: Service, Business, Amazon, Church, Microsoft, Church . Church Locations: Church

☆ What Russia’s arrest footage of Evan Gershkovich and Paul Whelan really tells us
▼ + stars: | 2024-08-05 | by ( Nathan Hodge | ) edition.cnn.com time to read: +4 min

CNN —Russia’s pro-Kremlin media know how to create an alternative reality, and last week’s historic prisoner swap was no exception. On Monday, Russian state-backed media outlets treated viewers to lurid footage of the arrests of Wall Street Journal reporter Evan Gershkovich and former US Marine Paul Whelan. And we see a handcuffed Paul Whelan on a hotel bed, flanked by Russian security officers. But in the cases of Gershkovich and Whelan, the aim of the Russian state was to build a bank of human collateral to trade for its valued agents held abroad. But the good news is that Gershkovich is out of Russian custody and can now write the definitive and reliable account of what happened during his arrest.

Persons: CNN — Russia’s, Evan Gershkovich, Paul Whelan, Gershkovich, Whelan, –, Dow Jones, Almar Latour, Emma Tucker, “ Vladimir Putin, ”, Evan Organizations: CNN, Kremlin, Wall Street, Bolshoi Theater, Gershkovich, US State Department, State Department, Dow Locations: Russian, Yekaterinburg, Moscow, Russia, British

☆ RFK Jr. says he planned to skin a dead bear cub after it was hit by a van but later dumped it in Central Park
▼ + stars: | 2024-08-05 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

"I was driving up really early, and a woman in a van in front of me hit the bear and killed it, a young bear. He then said his friends, who had been drinking, encouraged him to abandon the carcass in Central Park in New York. To dispose of the carcass, Kennedy said he intentionally left the dead bear on the side of the road to make it appear like a car had hit the bear. Related storiesA 2014 New York Times story appears to detail the incident though the exact timeline is unclear. Per the Times, a woman "noticed the dead bear cub, which was lying under some bushes, partially concealed by an abandoned bicycle."

Persons: —, Robert Kennedy Jr, Kennedy, Roseanne Barr, Tatiana Schlossberg, John F, JFK's, they're, Barr Organizations: Service, Business, New York Times, Times Locations: New York, Central Park

☆ Harris’ whirlwind search for running mate enters final hours as she prepares to take new Democratic ticket on the road
▼ + stars: | 2024-08-05 | by ( Arit John | Jeff Zeleny | ) edition.cnn.com time to read: +7 min

CNN —Vice President Kamala Harris is making the biggest decision of her two-week-old presidential campaign as she chooses a running mate and prepares to introduce the new Democratic ticket to voters in several key battleground states this week. The whirlwind vice presidential search entered its final hours Sunday after Harris had interviewed three final contenders — Gov. It was four years ago this week that Biden announced his decision to choose Harris as his running mate. Brian Kemp, who revealed last month that he did not support Trump in the state’s GOP primary. Harris’ campaign has said she will attend the ABC News event, and taunted the former president for backing out of that event.

Persons: Kamala Harris, Harris, Donald Trump, Tim Walz, Josh Shapiro, Sen, Mark Kelly of Arizona, Trump —, Ohio Sen, JD Vance, Joe Biden, Biden, Harris ’, ” Harris, ”, Harris —, Trump, that’s, Chris Christie, Shawn Fain, Andy Beshear, Walz, “, ” Fain, ” Trump, ” Sen, Lindsey Graham, ” “, Kamala Harris’s, Vance, who’s, Brian Kemp, Kemp, “ We’re Organizations: CNN, Democratic, — Gov, Gov, Pennsylvania, Mark Kelly of Arizona —, Democratic Party, Trump, Ohio, CBS, Democratic National Committee, Biden, New, New Jersey Republican Gov, ABC, United Auto Workers, National Association of Black Journalists, Republicans, South Carolina Republican, “ Fox, Republican, GOP, Fox Locations: Philadelphia, Minnesota, San Francisco, New Jersey, Kentucky, Atlanta

☆ Summer is ‘high season’ for flight delays. Here’s what travelers need to know
▼ + stars: | 2024-08-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Ironheart | Moment | Getty ImagesThe summer travel season is in full swing, often bringing more flight delays and cancellations. 'High' season for flight delays and cancellationsMid-June to the end of August typically marks "high season" for flight disruptions, Napoli said. "This summer will see more planes in the skies, frequent bad weather, and increased use of the nation's airspace," according to a Federal Aviation Administration webpage about summer travel. What Taylor Swift's The Eras Tour says about 'passion tourism'5 ways to maximize your vacation days More broadly, airline compensation policies vary for delays and cancellations. A recent spate of delays and cancellations related to a global IT outage was deemed a "controllable" event, for example.

Persons: Eric Napoli, Napoli, Hayley Berg, Biden, Taylor Organizations: Federal Aviation Administration, FAA, U.S . Department of Transportation, Consumers, Finance, Transportation, Airlines, Microsoft, Passengers, Union Locations: U.S, Europe

☆ Warren Buffett's decision to sell stocks and raise record cash before sell-off sends wake-up call
▼ + stars: | 2024-08-05 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

The selling activity picked up significantly last quarter though with Berkshire offloading more than $75 billion in stocks in the period and raising the conglomerate's cash pile to a record $277 billion. Many Buffett followers view the accelerated sale of his top holdings as a pessimistic call on markets and the economy. Buffett was selling stocks last quarter when the S & P 500 rose to an all-time high in anticipation that the U.S. would skirt a recession while squashing inflation. When Buffett trimmed the Apple stake by 13% in the first quarter, he hinted at the Berkshire annual meeting in May that it was for tax reasons. But the magnitude of this selling last quarter suggests it could be more than just a tax-saving strategy.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, James Shanahan, Edward Jones, Barbara Goodstein, You've, Shanahan, Ted Weschler, Todd Combs, Tim Cook's, It's, Warren, Jim Reid, Deutsche Organizations: Apple, Berkshire, America, Oracle, Dow Jones, Nikkei, U.S Locations: Berkshire, Omaha, U.S

☆ Opinion | The Stock Market Dropped, but Don’t Freak Out
▼ + stars: | 2024-08-05 | by ( Peter Coy | ) www.nytimes.com time to read: 1 min

The secret to making money in the stock market is to buy low and sell high. Not buy high and sell low. So loading up on stocks when the market is breaking records and then dumping them when something bad happens is not the road to riches. Yet that’s exactly what a lot of investors are undoubtedly doing, or contemplating, right now. I typed “Should I” into the Google search bar on Monday and the first autocomplete choice was “Should I sell my stocks now?” The third choice was “Should I sell my stocks?”In between, by the way, was “Should I buy Nvidia stock?” Apparently, there are still some optimists out there.

Organizations: Nvidia

☆ How Kamala Harris' shortened campaign timeline could work in her favor
▼ + stars: | 2024-08-05 | by ( Katherine Tangalakis-Lippert | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Read previewWhen Kamala Harris took up Joe Biden's mantle last month and launched her campaign for president, she did so knowing that she'd have an abbreviated run leading up to the election. Harris' campaign started with sighs of relief from Democratic voters over Biden dropping out and instant enthusiasm that contributed to Harris' record-breaking fundraising efforts, Dagnes, who focuses on political media, said. "Young people represent a strategic sector for Kamala for two reasons," Gutiérrez told BI. AdvertisementTrump has also tried several lackluster nicknames against Harris, like "Laffin' Kamala Harris" and "Cackling Copilot Kamala Harris," which haven't gained traction like "Sleepy Joe" did against Biden. "By maintaining a high level of visibility and continuing to address key voter issues, Harris is well-positioned to leverage the remaining campaign period effectively."

Persons: —, Kamala Harris, Joe Biden's, Harris, Alison Dagnes, there's, Dagnes, Joe Biden, Barack Obama, Sergio José Gutiérrez, Kamala, Gutiérrez, Donald Trump's, Hillary Clinton's, Hillary, Trump, Joe, Biden, Harris — Organizations: Service, Business, Shippensburg University, Democratic, Biden, CNN, Labor, Howard University, Trump Locations: Chicago

Basic Car Insurance CoverageLiability CoverageLiability car insurance is what most people are familiar with because most states require it. Optional Car Insurance CoverageMost lenders require comprehensive and collision coverage if you finance or lease your car. Get Car Insurance Quotes Compare affordable car insurance quotes online in minutes. How to Choose the Right Car Insurance CoverageConsider Your Needs and BudgetBefore buying car insurance, examine your needs and financial situation. Car Insurance Coverage FAQWhat does full coverage car insurance mean?

Persons: it's, It's, Asis Alani Asis, Forbes, She’s, Read Organizations: UM, Insurance, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa

Your mother is kidnapped from her home and brutally murdered, her body dumped in the woods off a quiet country road. The authorities find a suspect, tell you they’re going to seek the death penalty and ask you if you’re OK with that. The film is the second in a three-part series, with each taking a critical view of the death penalty by exposing flaws in cases and questioning whether retributive justice can truly provide closure. The videos are in keeping with The Times’s longstanding position that the punishment is full of bias and error, morally abhorrent and futile in deterring crime and should be abolished. The series lands at a hopeful but still challenging time in the movement to get rid of capital punishment in the United States.

Persons: Brett Malone, Mary Ann Locations: United States

☆ Road tripping through Russia: American woman shares challenges of solo trip from Georgia to Mongolia
▼ + stars: | 2024-08-05 | by ( Essay Breanna Wilson | ) edition.cnn.com time to read: +13 min

And I’d be doing it solo, an American female, in a vintage Land Cruiser that was anything but inconspicuous. Planning a 7,000-kilometer road tripRussian visa in hand, it was time to start route planning, make my final vehicle preparations, and pack. With a car my size, bearing Georgian plates, driven by an American who doesn’t speak any Russian, I was increasingly nervous. An American girl, traveling alone, saying she’s moving to Mongolia, driving a car with Georgian plates. I had a summer of overlanding and adventuring across Mongolia, and a new life in Ulaanbaatar, to get underway.

Persons: Breanna Wilson, Andrey Orekhov, Evan Gershkovich, Russia – Organizations: Mongolia CNN, Cruiser, US State Department, Google, Astana, Russia, Toyota Top Motors Locations: Ulaanbaatar, Mongolia, Tbilisi , Georgia, Azerbaijan, Kazakhstan, Russia, Ukraine, American, Russian, Tbilisi, Tbllisi, Georgia, Georgian, Kazbegi, Chechnya, Dagestan, Mariupol, Donetsk, Baku, Alat, Europe, Japan, Kuryk, Altai, Bayan, Ölgii, Astana, Semey, Soviet Union, Russia's, Siberia, –, Tsagaannuur, Mongolia’s, @breannajwilson

☆ 31-year-old Harvard grad just won a gold medal for the U.S. in the Olympics—in a sport she learned 6 years ago
▼ + stars: | 2024-08-05 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Gold medalist Kristen Faulkner of Team United States poses on the podium during the Women's Road Race on day nine of the Olympic Games Paris 2024 at Trocadero on August 04, 2024 in Paris, France. Kristen Faulkner ended a 40-year-drought for the U.S. in the Paris Olympics — in a sport she picked up for fun six years ago. On Sunday, the 31-year-old became the first American rider to win gold in the women's road race since Connie Carpenter did so in the 1984 Los Angeles games. She didn't start competitive cycling until 2017 when she moved to New York to work as a venture capitalist. She told the Associated Press that her career as a venture capitalist has been instrumental in her success as a professional athlete.

Persons: Kristen Faulkner, Connie Carpenter, Faulkner, Faulkner wasn't, Taylor Knibb, she's Organizations: Team United, Olympic Games, Paris Olympics, Harvard University, NBC News, Team USA, Silicon Valley Bank, Wall Street, American Continental, Associated Press Locations: Trocadero, Paris, France, Angeles, Homer , Alaska, Kenai, New York, Silicon, North America, San Francisco

Underdog is an understatement for Kristen Faulkner, the American cyclist who didn't even qualify for the Olympics but is now going home with a gold medal after a shocking race through Paris on Sunday. She is the first American woman to win gold in the women’s road race since 1984. Kristen Faulkner of Team United States celebrates winning gold at the finish line during the Women's Road Race on day nine of the Olympic Games Paris 2024 on Aug. 4, 2024. Though spectators might be shocked that she walked away with a medal on Sunday, Faulkner knew she had it in her. “I want to win a medal at the Olympics,” she said.

Persons: Kristen Faulkner, Faulkner, Tim de Waele, Taylor Knibb, Faulkner didn't, It's, Olympics.com, “, ”, don’t Organizations: Team United States, Olympic Games, Getty, Team USA, Harvard University, NBC News, Tour de France Locations: Paris, New York City, Homer , Alaska, New York

☆ VIPER moon rover: Inside the scramble to save NASA’s canceled lunar vehicle
▼ + stars: | 2024-08-04 | by ( Jackie Wattles | ) edition.cnn.com time to read: +14 min

And the availability of the VIPER spacecraft piqued the company’s interest for future projects, Intuitive Machines told CNN. To get reach that goal, Intuitive Machines will likely have to dip into its own funds to complete VIPER’s finishing touches before liftoff. The Simulated Lunar Operations Lab at NASA Glenn Research Center tested planetary roving vehicle systems and components for vehicles such as the VIPER Rover. The Astrobotic Griffin lunar lander (pictured here in a rendering) is now slated to take off no earlier than late 2025. The lunar lander was designed to carry NASA’s VIPER rover as its main payload.

Persons: There’s, ”, Jack Kiraly, VIPER, Tim Crain, Thomas Zurbuchen, Aubrey Gemignani, Crain, ” Crain, “, Josh Marshall, it’s, Astrobotic, Griffin, John Thornton, Chandan Khanna, Griffin’s, Thornton, ” Thornton, Kiraly, I’m, Sen, Shelley Moore Capito, luncheons, Craig Hudson, Jerry Moran, ” Kiraly, “ It’s Organizations: CNN, Exploration Rover, NASA, Planetary Society, Research, Goddard Space Flight, Machines, NASA Glenn Research Center, VIPER Rover, Technology, United, Cape Canaveral Space Force, Getty, VIPER, Republican, Reuters Lawmakers, Commerce, Justice, Science, Kansas Republican Locations: Houston, Maryland, Nova, California, Pittsburgh, Cape, Cape Canaveral , Florida, West Virginia, Washington, Washington ,, China, Kansas

☆ What to watch at Olympics today: Djokovic vs. Alcaraz and Noah Lyles’ moment in 100m
▼ + stars: | 2024-08-04 | by ( Mark Cooper | ) www.nytimes.com time to read: +6 min

TV: PeacockWhat to watch: Novak Djokovic and Carlos Alcaraz meet for the seventh time — and second on the clay of Roland Garros — for the men’s singles gold medal. His only Olympic medal, a bronze, came in 2008. GO DEEPER Why is Team USA struggling in the Olympic gold medal count? Cycling hits the roadAnna Kiesenhofer earned Austria’s first Summer Olympics gold medal in 17 years when she won in 2021. But Katie Ledecky accomplished something only one other woman has in Olympic history by winning her ninth gold medal.

Persons: It’s, Noah Lyles, Novak Djokovic, Carlos Alcaraz, Roland Garros, Djokovic, Alcaraz, Lyles, Hannah Peters, Yu, ” Lyles, Kishane Thompson, Marcell Jacobs, Fred Kerley, Canada’s Andre De Grasse, Sarah Sjöström, Gretchen Walsh, Bobby Finke, Ireland’s Daniel Wiffen, A’Ja Wilson, Breanna Stewart, Satou Sabally, Anna Kiesenhofer, Austria’s, Dimitar Dilkoff, Austrian Anna Kiesenhofer, Italy’s Elisa Longo Borghini, Australia’s Grace Brown, Great Britain’s Anna Henderson, Chloe Dygert, —, KATIE LEDECKY, 💪 Organizations: Paris Games, NBC, U.S, Netflix, Olympics, Team USA, USA Network, Telemundo, Germany, Belgium, Dallas Wings, Japan, Cycling, Getty, CNBC, United, ust, aris Locations: Paris, Alcaraz, Tokyo, Jamaica, United States, U.S, Australia, France, Belgium, Germany, Japan, AFP, Austrian, oman

Last week, 30-year mortgage rates averaged 6.28%, and they're even lower today, according to Zillow data. What does this mean for mortgage rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. As inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to trend down as well.

Persons: Jerome Powell, Fannie Mae Organizations: Federal, Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron

☆ EV charging company moves to clamp down on charger hogs
▼ + stars: | 2024-08-04 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

EV fast chargers – the big tall units that look like major appliances – aren’t generally designed to completely fill an EV’s batteries. A line of EVs wait to charge at Electrify America chargers in East Brunswick, New Jersey, on July 6. At 10 of the busiest EV fast charging stations in California, Electrify America has enacted a strict limit. There can also be other legitimate reasons a driver may want to charge to 100% at a fast charger, said Barrosa. Cases like these are why Electrify America probably won’t institute an overall charging cap at charging stations near major highways, he said.

Persons: Peter Valdes, unplug, Tesla’s, ”, Sara Rafalson, we’ve, Robert Barrosa, ’ ”, EVgo, EVgo’s Rafalson, Barrosa, let’s Organizations: CNN, Chevrolet Blazer, EV, Mercedes, Benz, Hyundai, Fiat, Mazda Locations: New York City, Bristol , Pennsylvania, Bristol, East Brunswick , New Jersey, EVs, America, California, America’s

☆ Remco Evenepoel creates a moment he ‘could only dream of’ with thrilling Olympic cycling double
▼ + stars: | 2024-08-04 | by ( Rosanne Roobeek | ) edition.cnn.com time to read: +5 min

Paris CNN —Belgium’s Remco Evenepoel made history on Saturday, becoming the first male cyclist to claim gold in both the road race and time trial at the same Olympic Games. “Crossing the finish line, I realized I just became the double Olympic champion in one week, something I could only dream of,” Evenepoel told CNN. Evenepoel and Valenton Madouas of Team France pass through the Côte de la Butte Montmartre while fans cheers during the men's road race. David Ramos/Getty ImagesInside the final 40 kilometers (25 miles), Evenepoel broke away from a peloton that included top rivals like Mathieu van der Poel of the Netherlands. Belgian cyclist Remco Evenepoel celebrates his gold medal for the men's cycling road race at the Belgium House in Paris, France on August 3, 2024.

Persons: Paris CNN —, Evenepoel, ” Evenepoel, Usain Bolt, Michael Phelps, David Ramos, Mathieu van der, France’s Valentin Madouas, “, “ It’s, ”, Remco Evenepoel, Jasper Jacobs, Gil de Vis, it’s, ” de Vis Organizations: Paris CNN, Tour de France, CNN, Olympics, France, ”, Eiffel, Belgium House, MAG, Getty Locations: Paris, Netherlands, Belgian, Belgium, France, Aalst, Brussels

☆ No need for army, UK government says, as it faces worst disorder in years
▼ + stars: | 2024-08-04 | by ( Radina Gigova | Sophie Tanno | ) edition.cnn.com time to read: +4 min

The UK is bracing for a new wave of protests on Sunday, after a stabbing attack in northwest England this week sparked disorder fueled by the far right. David Young/PA WireThere have been discussions to bring in the army to assist police, but currently “there is no need to bring in the army,” Johnson said. “The police have made it very clear that they have all the resources they need at the moment. There’s mutual aid, as I’ve just described, and they have the powers that they need.”Several UK cities saw violent protests on Saturday. UK Home Secretary Yvette Cooper denounced the incidents of public disorder and unrest on Saturday and said “thuggery” won’t be tolerated.

Persons: Dame Diana Johnson, Keir Starmer, “ We’ve, ” Johnson, David Young, “, Yvette Cooper, Taylor Swift, Jonathan McCambridge, Joe Mulhall, –, Mulhall, Stephen Lennon, a.k.a, Tommy Robinson, Elon Musk, ” Organizations: CNN, BBC, Labour, Belfast City Hall, PA Media, Southport, Research, Hope, Elon Locations: England, Belfast, Liverpool, Southport, Welsh, Cardiff

☆ Here are 4 things we're watching closely in the stock market this week
▼ + stars: | 2024-08-04 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks had a rough week, topped off with a pummeling Friday after the July jobs data came in weaker than expected. Until then, bad economic news was good news for the stock market, because it meant the Federal Reserve would start cutting interest rates sooner. On Thursday, a drop in U.S. manufacturing activity for July and a jump in initial jobless claims dragged down the market. Next week is light on economic data, so expect earnings reports and CEO commentaries to drive the market action. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Dow Jones, Jim Cramer, would've, Eli Lilly, Mounjaro, Berkshire Hathaway, Krystal, Tyson, BAX, Owens, Walt, Oscar Health, CRON, Krispy, Papa, Jim Cramer's, Jim Organizations: Nasdaq, Dow, Reserve, Broadcom, Devices, Palo Alto, PMI, Wynn Resorts, Investors, Wynn, Wynn Palace, U.S . Disney, Management, and Drug Administration, Carlyle Group, Krystal Biotech, Tyson Foods, TSN, Alpha Metallurgical Resources, BioCryst Pharmaceuticals, Axsome Therapeutics, Technologies, Clover Health, Realty Income Corp, Avis Budget Group, CSX Corp, CSX, Simon Property Group, Sterling Construction Company, Teradata Corp, Yum China Holdings, ZoomInfo Technologies, Holdings, Caterpillar, Baxter International, Vulcan Materials Company, Allegheny Technologies Incorporated, Constellation Energy Group, Marathon Petroleum Corp, Owens Corning Inc, Duke Energy Corp, GXO Logistics, Brands, Builders, Wynn Resorts Ltd, WYNN, Rivian Automotive, Devon Energy Corp, GigaCloud Technology Inc, Lumen Technologies, VF Corp, Walt Disney Co, Novo Nordisk, CVS Health, Aurora Cannabis Inc, Emerson Electric Co, Sony Group Corporation, SONY, Inc, ODP Corporation, Icahn Enterprises, MannKind Corp, ACM Research, Brink's Company, AppLovin Corporation, Digital Turbine, Sarepta Therapeutics, Occidental Petroleum Corp, Bros, SolarEdge Technologies, Aspen, Coeur D'Alene Mines Corp, Co, Vistra Energy, Cheniere Energy, Cronos, Himax Technologies, Properties Trust, Papa John's, Paramount Global, Trade, Lab, B2Gold Corp, Honest Company, Gilead Sciences, Growth, Nikola Corporation, Embraer, New Fortress Energy, Construction, Jim Cramer's Charitable, CNBC, Disney, Pixar Locations: Palo, Macau, Las Vegas, Boston, Vegas, Wynn Macau, China, Novo, Coeur, Gilead

☆ Maui tourism still hasn't recovered since the Lahaina fire. The manager of the resort where 'The White Lotus' was shot says now is a great time to visit.
▼ + stars: | 2024-08-04 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

AdvertisementSome locals and business owners were quick to encourage tourists to return, citing the importance of tourism to the island's economy. According to the Maui Economic Development Board, around 70% of every dollar in Maui County is generated, either directly or indirectly, by the tourism industry. Tourism numbers from June 2024 show that nearly a year on, visit numbers had yet to return to their pre-fire levels. Tourists are still encouraged to act responsibly when they visit Maui, and there are opportunities to donate or help out with Lahaina recovery efforts. Shank said the Four Seasons is also encouraging tourists to actively get out and support the island during their visit.

Persons: —, Ben Shank, Shank, " Shank, Lisa Paulson, Paulson, Smith Organizations: Service, Business, Maui Economic Development Board, Hawaii Department of Business, Economic, Tourism, Hawaii State Rural Health Association, Lodging Association, Travel Locations: Maui, Lahaina Town, Maui County, Lahaina, Hawaii, cabanas, Europe, Hana

☆ Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple
▼ + stars: | 2024-08-03 | by ( Yun Li | ) www.nbcnews.com time to read: +3 min

Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. Even after the selling Apple remains the largest stock stake by far for Berkshire. Buffett had trimmed the Apple stake by 13% in the first quarter and hinted at the Berkshire annual meeting in May that it was for tax reasons. Berkshire’s Apple holding was once so big that it took up half of its equity portfolio. Berkshire began buying the stock in 2016 under the influence of Buffett’s investing lieutenants Ted Weschler and Todd Combs.

Persons: Warren, Berkshire Hathaway, Buffett, Ted Weschler, Todd Combs Organizations: Apple, Oracle, Berkshire, U.S, Apple . Berkshire, Bank of America, Buffett Locations: Omaha, Berkshire, U.S

“I think folks think it’s Trump reverting to his Id,” a longtime Republican communications adviser said. “The momentum is with Vice President Harris, and we just need to work our hearts out until Election Day,” Rep. Ro Khanna, D-Calif., said. “We have multiple pathways to 270 electoral votes,” Dan Kanninen, battleground states director for the Harris campaign, said of the threshold for winning the electoral college. Project 2025, which had been attacked by Democrats, announced that it would stop working on policy after taking criticism from the Trump campaign. “Crazy Kamala is saying she’s Indian, not Black,” Trump wrote on social media.

Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Ohio Sen, JD Vance, National Association of Black Journalists —, —, Trump, ”, Andrew Hitt, “, Kamala, he’s, Sen, Tom Tillis, Biden, Vance, President Harris, Ro Khanna, ” Harris, Chris Kofinis, Hillary Clinton, Ed McMullen, It’s, ” Trump, “ I’ve, Harris ’, it’s, “ Harris, ” Dan Kanninen, ” Kofinis, Lauren Hitt, ” Hitt, Dave McCormick, Democratic Sen, Bob Casey, Jon Tester, Sherrod Brown, Sherrod Brown of Ohio, Brown, Black, rallygoers, Laura Loomer, Mindy Kaling Organizations: Ohio, National Association of Black Journalists, Republican Party of Wisconsin, Trump, NBC, Republican, Democratic, Democratic Party, Republican National Committee, Biden, Washington Post, ”, Trump stewing, Democratic National Convention, GOP, Democrats, Sun, Republicans, Immigration, Customs Enforcement, National Republican, Committee, Democratic Sens, Black, U.S . Senate Locations: Chicago, Harris, Trump, Pennsylvania, Wisconsin, African American, Switzerland, St, Cloud , Minnesota, West, Wisconsin , Michigan, Georgia, Arizona, North Carolina, Nevada, Michigan, Sherrod Brown of, Minnesota

☆ Aerosmith retires from touring, says full recovery for Steven Tyler's vocal injury 'not possible'
▼ + stars: | 2024-08-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +2 min

Aerosmith, one of rock's top-selling acts, announced the end of its touring days Friday, saying that lead singer Steven Tyler's vocal injury has proven to be enduring and that he’ll never fully recover. Sadly, it is clear, that a full recovery from his vocal injury is not possible," it said. "We have made a heartbreaking and difficult, but necessary, decision — as a band of brothers — to retire from the touring stage." It's not clear if the end of touring for Aerosmith means the end of live performance. The band suggested it would be difficult to replicate its telltale sound without Tyler’s extraordinary and often raspy voice.

Persons: Steven Tyler's, he’ll, Tyler, We’ve, —, Aerosmith's, “, Aerosmith, You've Organizations: Aerosmith, Billboard Locations: Elmont , New York

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