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☆ Stocks making the biggest moves after hours: Apple, Amazon, Intel, Snap and more
▼ + stars: | 2024-08-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Apple reported fiscal third-quarter earnings of $1.40 per share while analysts polled by LSEG called for $1.35 per share. The company reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the third quarter. Revenue in its cloud division increased 19% in the second quarter, beating analysts' estimates, however. In the second quarter, revenue came in at $1.45 billion, slightly above estimates of $1.40 billion, according to LSEG. Gross bookings for the second quarter came in at $41.4 billion, missing consensus estimates of $41.73 billion, per StreetAccount.

Persons: LSEG, DoorDash, Coinbase, Roku, Clorox, Coterra, GoDaddy, FactSet, Gross, —, Sarah Min, Yun Li, Samantha Subin, Tanaya Macheel, Darla Mercado Organizations: Apple Vision, Apple, Intel, Revenue, Management, LSEG, StreetAccount, Coterra Energy, Holdings Locations: Shanghai, China, LSEG .

☆ What the presidential election could mean for Social Security and Medicare
▼ + stars: | 2024-08-01 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Kevin Lamarque | ReutersWhen it comes to the November election, there is one issue that is at the top of voters' wish lists: Social Security. It polled 1,831 adults age 18 and up who "currently receive or expect to receive Social Security." Experts say the post likely refers to the taxes Social Security beneficiaries may owe on their benefit income. Exactly how much Social Security beneficiaries pay in taxes is based on their "combined income," which includes adjusted gross income, nontaxable interest and half of their Social Security benefits. Yet in a March CNBC interview, Trump said he would consider cutting "entitlements," which may refer to Social Security, Medicare or Medicaid.

Persons: Kevin Lamarque, Emerson Sprick, Biden, Joe Biden, Nathan Howard, Sprick, Robyn Patterson, Patterson, Trump, Donald Trump, Elizabeth Frantz, CNBC's, Harris, Kamala Harris, Megan Varner Organizations: Reuters, Social Security, National Institute on Retirement Security, Nationwide Retirement, Social, White, Medicare, Trust Fund, Congressional Republicans, Security, Biden, CNBC, U.S, Center, Getty Locations: Falls Church , Virginia, U.S, Russia, Washington , U.S, Harrisburg , Pennsylvania, Georgia, Atlanta , Georgia

☆ Imane Khelif: Algeria boxer who had gender test issue wins first Olympic fight in Paris when opponent quits
▼ + stars: | 2024-08-01 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

Villepinte, France AP —Imane Khelif of Algeria won her opening Olympic boxing bout Thursday when opponent Angela Carini of Italy quit after just 46 seconds. Carini and Khelif exchanged only a few punches before Carini walked away and abandoned the bout — an extremely unusual occurrence in Olympic boxing. They were allowed to compete in Paris by the IOC task force, which has run the past two Olympic boxing tournaments. Olympic boxing reached gender parity for the first time this year, with 124 men and 124 women competing in Paris. Several sports have updated their gender rules over the past three years, including World Aquatics, World Athletics and the International Cycling Union.

Persons: Angela Carini, Khelif, Carini, “, ” Carini, it’s, ” Khelif, Lin Yu, Lin, Uzbekistan’s, Imane, Giorgia Meloni, we’re, Meloni, ” Meloni, Mark Adams, ”, ” Lin, Umar Kremlev, Caitlin Parker, It’s, Nicole Winfield Organizations: France AP, Paris Olympics, North Paris, IBA, Algerian Olympic, Tokyo Games, IOC, Athletics, International Cycling Union, Gazprom, Los Angeles Games, Sport, Swiss, Tribunal, Associated Locations: Villepinte, France, Algeria, Italy, Taiwan, Paris, Janeiro, Russia, Australia, Rome

☆ Tesla needs to figure out how to sell cars. Its salespeople say it's stuck in the past.
▼ + stars: | 2024-08-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +10 min

The company's sales team has been struggling to adapt to a much different market, according to 14 current and former employees from Tesla's sales division in North America. The carmaker is also attempting to fix a spate of bad publicity surrounding its CEO, Elon Musk — all with little in the way of advertising initiatives or traditional sales strategies. The electric-car maker made its mark by breaking industry standards with its ad-free, direct-to-consumer sales model. Now, some of Tesla's sales staff believe it's time for the company to begin acting like a traditional automaker. Musk has been vague about when a new, more economically priced Tesla model would hit the market, saying only that it could happen in 2025.

Persons: —, Tesla, Elon Musk, What's, Musk, shouldn't, Tesla backpedaled, Brian Moody, Autotrader Organizations: Service, US EV, Business, Tesla Locations: North America

☆ How did a rose get its prickles? A new study has answers
▼ + stars: | 2024-08-01 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

Prickles have been around for at least 400 million years, dating back to when ferns and their relatives emerged with some bearing prickles on their stems. Lonely Guy genesBy removing prickles from various species, including roses and eggplants, the authors found that a LOG gene was responsible for the prickles in about 20 types of plants studied. LOG-related genes are found in all plants, even dating back to mosses, which are regarded as the first dry-land plant, Lippman said. “(LOG genes) have been repeatedly co-opted (a biological shift in a trait’s function) in different plant species for the formation of prickles, and also repeatedly lost in lineages where prickles are lost. For agricultural purposes, removing prickles could make harvesting easier and pave the way to get lesser-known produce into grocery stores.

Persons: munch, Zachary Lippman, —, Lippman, Guy, It’s, ” Lippman, “, Tyler Coverdale, ” Coverdale, Coverdale, ”, Vivian Irish Organizations: CNN, Laboratory, University of Utah, Wings, Howard Hughes Medical Institute, University of Notre Dame, Yale Locations: Long, , New York, Yale University’s, Australia

☆ Palestinian homes were destroyed ‘for revenge,’ says Israeli soldier who served in Gaza
▼ + stars: | 2024-08-01 | by ( Ami Kaufman | Bianna Golodryga | ) edition.cnn.com time to read: +12 min

At least 1,200 people were killed, and more than 250 others abducted in the assault, according to Israeli authorities. Israeli military action in the strip has killed nearly 40,000 Palestinians and injured over 90,000, according to Gaza’s Ministry of Health. A view of destruction in Khan Younis, in southern Gaza, on December 17, 2023, after weeks of Israeli bombardment. Mahmud Hams/AFP/Getty Images/File‘We don’t care enough’ about Palestinian livesThe war in Gaza has caused widespread material destruction to homes, infrastructure, hospitals and schools. “We’ve seen a lot of destruction that was not necessarily related to military reasons.

Persons: Yuval Green, Green, –, I’m, ” Green, …, ’ Green, Khan Younis, ”, “, Khan Younis …, We’re, Mahmud Hams, “ We’ve, Ahmad Hasaballah, ” “, ‘ I’m, Israel’s, Menahem Kahana, I’ve, Organizations: CNN, Israel Defense Forces, Hamas, Gaza’s Ministry of Health, United Nations, West Bank, Getty, IDF, ” CNN, Military, Investigation Locations: Gaza, Israel, Israeli, Khan, AFP, “, Rafah, Palestine

☆ Meta set to report second-quarter earnings after the bell
▼ + stars: | 2024-07-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta is slated to report second-quarter earnings on Wednesday after the close of regular trading. Meta's ad revenue is projected to show an increase of 19% to $37.6 billion, according to StreetAccount. Heading into Meta's report on Wednesday, the digital ad market has shown some signs of weakness. Alphabet reported lower-than-expected ad revenue out of YouTube last week, and on Tuesday, Pinterest issued disappointing third-quarter guidance, leading to a 15% plunge in the stock after hours.

Persons: Mark Zuckerberg, LSEG, Meta, Zuckerberg, Emily Chang, Sundar Pichai, Pichai, Pinterest, Julia Brau Donnelly Organizations: Meta, Google, YouTube, Labs, Revenue, Quest VR, Microsoft Locations: Menlo Park , California

☆ Replacing red meat cuts dementia risk by 20%, study says
▼ + stars: | 2024-07-31 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

The risk for dementia dropped by 20%, however, for people who replaced that small daily serving of processed red meat with a daily serving of nuts and legumes. Processed red meats such as bacon, sausage, hot dogs and deli meats often contain higher levels of sodium, nitrates and saturated fat. Each additional serving of processed red meat raised riskAn abstract of the study, which is under review for publication, was presented Wednesday at the 2024 Alzheimer’s Association International Conference in Philadelphia. Red meat intake is limited. Red meat, especially processed red meat as seen here, is linked to an unhealthy heart and brain.

Persons: ”, Walter Willett, ” Willett, David Katz, Katz, Maria Carrillo, Tanja Ivanova, Yuhan Li, Li, Christopher Gardner, ” Gardner, chia, sprinkle chia Organizations: CNN, Harvard, of Public Health, True Health Initiative, International Conference, Nurses, Alzheimer’s Association, Getty, Division, Network Medicine, Brigham, Women’s Hospital, Stanford Prevention Research, Nutrition Studies Research Locations: Chan, Boston, Philadelphia, bologna, lima, California

“It hurts, it’s tiring, it’s exhausting.”Of course, Janjaem is really good at boxing. At last year’s world championships, she won a silver medal in her welterweight division (66 kg, about 145 pounds). Even if she goes no further, Janjaem said, boxing has already saved her. Now 24, she has bought land and gold for her parents and a pickup truck for herself. Her older brother, by contrast, left school at 15 to work with their father, a truck driver.

Persons: Janjaem Suwannapheng, ”, Janjaem Organizations: Paris Olympics

☆ 'Gaining share': Here's what Wall Street expects from Amazon's 2nd-quarter earnings
▼ + stars: | 2024-07-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

Wall Street expects the retail giant to report adjusted earnings per share of $1.47 in the quarter and revenue of $148.78 billion, according to data from Bloomberg. Here's what Wall Street expects from Amazon's upcoming second-quarter earnings report. While the US consumer is showing signs of softening, the bank expects Amazon's retail unit to be a beneficiary from the current economic environment. "AWS sales, in constant currency, may meet consensus' high-teens view," Bloomberg Intelligence said. AdvertisementThe analysts also said Amazon's advertising revenue could continue to grow at a "20%-plus pace as Amazon takes market share."

Persons: —, Wall, Goldman Sachs, Amazon's, Rufus Organizations: Service, Bloomberg, Business, Bank of America, of America, 1Q, " Bank of America, Citi, Amazon, 2Q, JPMorgan, Bloomberg Intelligence Locations: America, North America

☆ Bank of England's rate cut is on a knife-edge even with inflation on target
▼ + stars: | 2024-07-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Market pricing on Wednesday morning suggested a 60% probability of a rate cut at the BOE's Aug. 1 meeting. That is far less conviction than traders had before the European Central Bank enacted its own rate cut at the start of June; while pricing for the U.S. Federal Reserve to cut for the first time in this cycle in September has hit 100%. watch nowIn both May and June, seven MPC members voted to hold, as two voted to cut by 25 basis points. Headline U.K. inflation spiked higher than in the U.S. and euro zone over the last two years, but has also cooled more quickly. "I would rather hold rates until there is more certainty that underlying inflationary pressures have subsided sustainably," Haskel said.

Persons: Mike Kemp, BOE, Jonathan Haskel —, —, Haskel Organizations: of England, Bank of England's, European Central Bank, U.S . Federal Reserve, MPC Locations: City of London, U.S, BOE, U.K

☆ Alev Kelter helped the US win its first medal in rugby. She prepared with protein, saunas, and vulnerable talks with her teammates.
▼ + stars: | 2024-07-31 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Alev Kelter helped her team win bronze in rugby sevens — the US's first Olympic medal in the sport. But that wasn't the case for Alev Kelter, an American rugby sevens player who scored on Tuesday to help Team USA win its first medal in the sport. She'd never even touched a rugby ball, but she thought ice hockey may have given her the right mentality for rugby. In 2016, just two years after picking up a rugby ball, Kelter was among the first rugby sevens players to compete in the Olympics. Sevens features seven-person teams playing seven-minute halves instead of the traditional 15-player teams playing 40-minute halves.

Persons: Alev Kelter, —, Kelter, she'd, She'd, hasn't Organizations: Olympic, Service, Team USA, Australia, Team USA's, Olympics, HSBC SVNS, Business, Training Locations: Paris, American, Alaska, Chula Vista , California

☆ Political Violence and Division Aren’t Worse Than Ever - The New York Times
▼ + stars: | 2024-07-31 | by ( Zeynep Tufekci | ) www.nytimes.com time to read: +6 min

Don’t Tell My Friends, But… is a seriesin which we asked Times columnistswhateveryone else is wrong about. And research showing big partisan divides over a wide range of issues, with political violence on the rise. However, there have been many periods in U.S. history when things were worse — and we could end up there again. To see how bad it could get, there’s no need to go all the way back to the Civil War. Studying the history of violent political division is the opposite of resignation or nihilism: It’s a hopeful call to action!

Persons: Martin Luther King Jr, King, Robert Kennedy, — Richard Nixon, Nixon, Max Noel, Bryan Burrough, Noel scoffs, ”, “, Antonio Gramsci, hasn’t Organizations: Capitol, Gallup, Democratic National Convention, Electoral, National Guard, Kent State, Democratic National Committee, Pentagon, U.S . Capitol, State Department, Wall, California Attorney General’s, downer Locations: Washington, Vietnam, Chicago, Cambodia, Ohio, California, United States, Italian

Big Tech’s big spendingThe technology sector is facing another rough patch, after Microsoft reported mixed quarterly earnings and its shares tumbled. The company’s results are fueling more concern among investors about whether hefty spending on artificial intelligence will pay off, and how long that might take. But analysts say that Microsoft is on better footing than its rivals, and that investor enthusiasm for all things A.I. Microsoft missed earnings expectations for its cloud business by a hair. Shares in the tech giant were down 3 percent in premarket trading on the results, echoing a similar market reaction to Alphabet last week, when Google’s parent company disclosed the scale of its ever-growing A.I.

Organizations: Microsoft

☆ Opinion | The Election of Divorced Men vs. All the Single Ladies
▼ + stars: | 2024-07-31 | by ( Jessica Grose | ) www.nytimes.com time to read: +1 min

The gist, vis-à-vis relationship status, was that in every category more women than men identify as Democrats, with the biggest gap existing among divorced Americans. According to Gallup, Cox writes, “A majority (54 percent) of divorced men identify as Republican compared to 41 percent of divorced women,” the largest gender gap among divorced people in two decades. As my colleague Thomas Edsall noted in May, in recent years there’s also a yawning gender gap among young voters, with young women becoming increasingly Democratic and young men becoming increasingly Republican. Edsall quoted the Democratic pollster Celinda Lake, who cites Donald Trump’s “chaotic and divisive style” and lack of respect, among the reasons that young women have been fleeing the G.O.P. Young women, Lake said, “want stability and are very concerned about division and the potential for violence.”All this data was collected when Joe Biden was on course to be the Democratic presidential nominee.

Persons: “, ”, Daniel Cox, Cox, Thomas Edsall, there’s, Edsall, Donald Trump’s, Lake, Joe Biden, Kamala Harris, JD Vance Organizations: Republican Party, Trump, Survey Center, Gallup, Democratic Locations: Young

☆ In the age of AI, there's no future for workers content with being code monkeys — and they know it
▼ + stars: | 2024-07-30 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

"I think there will be a change in the way a software engineer works, and instead of five software engineers you might need four in future," she said. AdvertisementHe said that people who studied software engineering before the rise of AI tools have a stronger foundation because they have "written code from scratch." AdvertisementAn added that foundational knowledge in "algorithms, data structures, software engineering, and other critical areas" is essential for advancing AI technologies. David Malan, a computer science professor at Harvard, told BI that AI tools could be a plus for aspiring software engineers who know how to leverage them. Tejas Rajagopal, a recent computer science graduate from NTU, said he's been trying to expand his skillset to strengthen his chances of landing a job.

Persons: —, Arpita Kaushik, Aditya Swami, Hatcher, Swami, Kaushik, It's, hasn't, Adrian Goh, Goh, Kan Min Yen, Kan, Bo An, David Malan, Malan, he's, Rajagopal Organizations: Service, Google, Business, IBM, Rocket Mortgage, National University of Singapore, Nanyang Technological University, NTU, Harvard, Tejas Locations: Singapore, Hatcher, Asia

☆ Norah O’Donnell to Exit ‘CBS Evening News’
▼ + stars: | 2024-07-30 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —Norah O’Donnell will step down as anchor and managing editor of CBS Evening News following the November election, the veteran journalist told colleagues Tuesday in a memo. O’Donnell, who has helmed the venerable evening news program for nearly five years, will transition to a new role as senior correspondent after the election, contributing stories and “big interviews” across CBS’ platforms and shows. In a note to staff Tuesday, O’Donnell said that while she has cherished her time as anchor of CBS Evening News, it was time for a change. “I have spent 12 years in the anchor chair here at CBS News, tied to a daily broadcast and the rigors of a relentless news cycle,” O’Donnell wrote. Earlier this month, CBS parent company Paramount Global announced plans to merge with Skydance Media and a major leadership change.

Persons: Norah O’Donnell, O’Donnell, ” O’Donnell, “, Ingrid Ciprián, Matthews, ” O ” Donnell, Wendy McMahon, ” McMahon, Norah, Neeraj Khemlani, Brian Williams Organizations: New, New York CNN, CBS, CBS Evening, CBS News, Paramount Global, Skydance Media, CBS Media Ventures, CBS Network, Paramount, Sunday, CNN, NBC Nightly Locations: New York

meet team usaSimone Biles after competing in the vault during the gymnastics qualification rounds in Paris on Sunday. Simone Biles has 37 Olympic and world championship medals, surpassing by several medals a record that Larisa Latynina of the Soviet Union held for nearly 60 years. Biles, who took a short break from gymnastics after winning the all-around title at the 2016 Rio de Janeiro Olympics, took a longer one after Tokyo. Biles has the potential to qualify for all six finals, and she is either the favorite or a strong contender in five. In Tuesday’s team final, Biles is scheduled to compete on the balance beam, the uneven bars, the vault and in the floor exercise.

Persons: Simone Biles, Larisa Latynina, Biles, Simone Division, demurred Organizations: Soviet Union, Tokyo Olympics, U.S, Ill, ” Locations: Paris, Soviet, Biles, Janeiro, Tokyo, Hoffman Estates, Chicago

☆ World champion boxer rates every 'Rocky' & 'Creed' movie
▼ + stars: | 2024-07-30 | by ( Margaret Guzman | David Ibekwe | ) www.businessinsider.com time to read: +1 min

Boxing legend "Sugar" Shane Mosley, three-division world champion and boxing hall of famer, rates every "Rocky" and "Creed" movie for realism. Mosley breaks down the iconic boxing scenes in "Rocky," starring Sylvester Stallone, such as the training montage and the first match between Rocky Balboa and Apollo Creed. He further explains boxing styles and tactics in "Rocky II" and "Rocky III," such as jabs, uppercuts, hooks, and knockout blows. He also looks at other boxing movements and the reality of injuries and safety protocols in boxing matches in "Creed" and "Creed II," starring Michael B. Jordan. Mosley additionally breaks down the most recent installments of the franchises, discussing different weight classes in "Rocky IV"; the real-life boxers in "Creed III," such as José Luis Benavidez Jr.; and the realism of fighting at an older age in "Rocky Balboa."

Persons: Sugar, Shane Mosley, Mosley, Sylvester Stallone, Rocky Balboa, Rocky, Michael B, Jordan, Luis Benavidez Jr, Balboa, Mike Tyson, Jake Paul, Muhammad Ali, Joe Frazier, Andre Ward Organizations: Business

☆ Trump will meet FBI for victim interview in shooting investigation, agency says
▼ + stars: | 2024-07-29 | by ( Hannah Rabinowitz | Holmes Lybrand | ) edition.cnn.com time to read: +3 min

CNN —Donald Trump has agreed to sit for a victim interview with the FBI, which is investigating this month’s attempted assassination, an agency official said Monday. “The interview of the former president will be consistent with any other victim interview that we do,” Kevin Rojek, the special agent in charge of the FBI’s Pittsburgh Field Office, told reporters on a conference call Monday. The FBI wants to “get his perspective on what he observed, just like any other witness to the crime.”“It is a standard victim interview, like we would do for any other victim of crime under any other circumstances,” Rojek said. Crooks was “highly intelligent” and had a growing interest in shooting, Rojek said. But since they accessed the accounts, investigators found that the shooter was using the emails primarily to make online purchases.

Persons: Donald Trump, Kevin Rojek, “, ” Rojek, Thomas Matthew Crooks, Crooks, Rojek, Oswald, Kennedy ”, ”, Bobby Wells, ” Wells Organizations: CNN, FBI, Pittsburgh Field Office, Slovakian, Counterterrorism Division Locations: Washington ,

☆ Sde Teiman: Lawmakers breach Israeli detention base protesting abuse probe
▼ + stars: | 2024-07-29 | by ( Rob Picheta | ) edition.cnn.com time to read: +5 min

CNN —Far-right lawmakers and protesters breached the perimeter of a controversial Israeli detention facility for Palestinians on Monday, after the Israeli military confirmed it was investigating soldiers over the alleged abuse of a prisoner. Israeli Prime Minister Benjamin Netanyahu called for immediate calm at Sde Teiman and condemned the break-in at the base in a statement on Monday. Last month, Halevi said the military had launched a probe into allegations of mistreatment at Sde Teiman, as well as at Anatot and Ofer. As part of CNN’s investigation into Sde Teiman, three Israeli whistleblowers said that Palestinian detainees at the base were constantly blindfolded and held under extreme physical restraint. The account tallied with details of a letter authored by a doctor working at Sde Teiman published by Ha’aretz in April.

Persons: Zvi, Herzi Halevi, Yair Lapid, ”, Isaac Herzog, Teiman, Bezalel Smotrich, Benjamin Netanyahu, Netanyahu, Israel’s, Sde, Ofer, Halevi, Sde Teiman, Ha’aretz Organizations: CNN, Israel Defense Forces, Military Police, Investigation, General Staff, Zionism, West Bank, IDF Locations: Gaza, Israel, ”

☆ ‘Weird’ election turns to how Harris laughs and Trump does not
▼ + stars: | 2024-07-29 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +5 min

The sound of Harris laughingTrump, trying out new material to mock Harris, has dubbed his opponent as “Laffin’ Kamala.”“She’s crazy. The magician/comedian Penn Jillette, who spent time with Trump during “The Apprentice” years, has talked about how Trump does not laugh. That’s a recurring theme among Trump supporters – that outrageous claims are clearly jokes. It’s a tactic that so far seems to have backfired, since Harris supporters also like to share clips of her laughing. “Apparently some people love to talk about the way I laugh,” Harris said.

Persons: Kamala Harris, Donald Trump doesn’t, Harris, Trump, “ Laffin ’ Kamala, ”, JD Vance, Trump’s, Hillary Clinton, Tim Walz, CNN’s Jake Tapper, “, Hannibal Lecter, Vance, ” Walz, it’s, CNN’s Gregory Krieg, Penn Jillette, James Comey, CNN Tapper, Sen, Tom Cotton, ” Cotton, That’s, they’ll, don’t, Mary, Mary Trump, Virginia Heffernan, Slate, Drew Barrymore, ” Harris, she’s Organizations: CNN, Minnesota Gov, Union, Trump, ”, Arkansas Republican Locations: Michigan, Minnesota, “ State

☆ Boeing and Airbus go head-to-head at a giant industry airshow every 2 years. This time, neither won.
▼ + stars: | 2024-07-29 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +4 min

Read previewThe usual orders battle between Airbus and Boeing played second fiddle to supply-chain issues at last week's Farnborough Airshow. AdvertisementLast month, Airbus reduced its delivery targets, citing supply chain issues, which saw its stock drop as much as 11%. The day before the show, Guillaume Faury, the Airbus CEO, told the media the planemaker was having "important discussions" with some key suppliers as it was facing "a bit of an unexpected challenge." Frustrations with the supply chain were evident among airline bosses speaking at a summit on the first day of the airshow. AdvertisementWith gray skies for much of the week, the weather seemed to reflect the downturn for Airbus and Boeing.

Persons: —, Joshua Ng, Guillaume Faury, Luis Gallego, Ng, Dave Calhoun, Stephanie Pope, Kelly Ortberg, Rockwell Collins, Sir Keir Starmer Organizations: Service, Airbus, Boeing, Farnborough, November's Dubai, Alton Aviation Consultancy, Business, International Airlines Group, British Airways, Aer Lingus, Alaska Airlines, Current, Defense, NATO Locations: Paris, Farnborough, Ukraine, Gaza

☆ McDonald's executives admit diners think prices are too high, say they're working to create value
▼ + stars: | 2024-07-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation. During the company's second-quarter earnings call Monday, executives said they are taking a "forensic approach" to evaluating prices and trying to create value. We are working to fix that with pace," McDonald's CEO Chris Kempczinski said on the company's earnings call. The offer also began to increase guest count growth, but it has not yet translated into sales increases, company executives said on the call. The $5 value meal was rolled out only days before the second quarter ended.

Persons: Chris Kempczinski, Kempczinski, Joe Erlinger, Erlinger, we've, — CNBC's Amelia Lucas, Kate Rogers Locations: U.S, Placer.ai

☆ 'It's impossible to not fall in love with Italy': I left the U.S. for Milan 20 years ago—the top 4 lessons I learned
▼ + stars: | 2024-07-28 | by ( Leslie Strazzullo | ) www.cnbc.com time to read: +4 min

Twenty years ago, when I was 35, I left my life in the greater Boston area to pursue a job opportunity in glamorous Milan. I was on a permesso di soggiorno (residence work permit), which allowed me one year to find another job. With a few months left on my permit, I received an offer to work for a U.S. multinational with offices in Italy. I was so glad that I hung in there and bet on myself and my life in Italy. Ultimately, I learned valuable things about my peers and the business over a relaxing meal or coffee.

Persons: I've, Leslie Strazzullo, It's, soggiorno Organizations: Duomo, Milano, University of South, Pirelli Locations: Milan, Boston, University of South Carolina, Italy, Hall, U.S

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