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☆ The ‘first’ post-Covid Olympics are exciting sponsors. Fans? Not so much
▼ + stars: | 2024-07-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +10 min

In a first, Anheuser-Bush InBev is the beer sponsor for the Olympic games with a non-alcoholic brew taking the torch. “If you think about the Olympics … it’s about travel, dining, culture, excitement, community.”All of those things meet every four years at the Olympics, which brings together millions of fans and thousands of athletes. Paris, a city known for its opulence, plays host this year to the first post-Covid games without any crowd restrictions for the first time in six years. (Both the summer games in Tokyo 2021 and 2022 winter games in Beijing either barred or limited spectators or visitors.) Even the most recent summer games, held in 2021 Tokyo and that barred spectators at the events, registered a 20% increase.

Persons: Chase, it’s, Sam Palmer, Chase Sapphire, Alexandre III, Olympia De Maismont, ”, Louis Vuitton, Yannick Allen, Taylor Swift, Vincent Koebel, ” Carolyn Addison, Maja Hitij, De Maismont, Paul Caine, ” Caine, “ It’s, Emmanuel Macron, Yoan, Roland Garros, Caine, there’s, “, Corona, Kenzo Tribouillard, Cero, Marcel Marcondes, ” Chase’s Palmer Organizations: New, New York CNN, Sapphire Reserve, Omega, Anheuser, Bush InBev, Getty, Sapphire, CNN, Paris, Paris Olympic Games, Raffles, Southern Hemisphere, Delta Air Lines, Team USA, Air, Hotel de Ville, Eiffel, Michelin, luxe, International Olympic Committee, Busch InBev, Corona, ” Anheuser, ” Locations: New York, Paris, AFP, Tokyo, Beijing, France, Tuileries, Provence, Nice, Rio de Janeiro, Accor, Rio, Air France, Hotel de, Tahiti, French, United States

☆ A major shift at Starbucks has changed its personality
▼ + stars: | 2024-07-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Employees who brewed and served Starbucks coffee, whom Starbucks called baristas, handwrote customers’ names on their drink orders. But Starbucks’ business has transformed, and it has struggled to maintain its identity as that third place along the way. In some stores, customers complained online that Starbucks pulled out comfortable chairs and replaced them with hard wooden stools. Mobile ordering was another major step in Starbucks’ road to becoming primarily a take-away business. Starbucks also is opening 2,000 new stores, including traditional Starbucks locations, pick-up stores, delivery-only stores and drive thru-only locations.

Persons: Howard Schultz, ” Schultz, “, Stephen Brashear, Michelle Eisen, ”, ” Eisen, Laxman Narasimhan, — it’s, Schultz, Tim Boyle, Wall, Tom Cook, Casey, “ It’s, Cook, ” ‘, Michael Casey, Alex Wong, Joe Pine, Eisen Organizations: New, New York CNN, Starbucks ., Starbucks, Employees, Getty, Starbucks Workers, LinkedIn, Mobile, Horizons, Harvard Business Locations: New York, America, Buffalo , New York, United States, North America, U.S, Newsmakers, Buffalo

☆ Election chaos and Friday’s tech outage are taking the market on a wild ride
▼ + stars: | 2024-07-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Stocks are soaring this year, but that could soon change as election chaos takes the market on a rollercoaster ride. But this has been a destabilizing week for US stocks and the market trajectory could be shifting. The Dow was down more than 430 points, or 1%, in the morning trading session on Friday as the tech outage continued to rattle investors. Former President Donald Trump, meanwhile, said in an interview with Bloomberg that Taiwan should pay for its own defense. The bright sideInvestors have been largely resilient this year and some financial bigwigs say the election won’t change that.

Persons: Donald Trump, Joe Biden, Dow, —, “, ”, Jim Reid, Biden, they’re, Scott Wren, Wells, Jerome Powell, Liz Young Thomas, Russell, Young Thomas, ” Trump, CrowdStrike, JPMorgan Chase, Jeremy Barnum, isn’t Organizations: New, New York CNN, Investors, Big Tech, Nasdaq, Deutsche Bank, Democratic, ”, Treasury, Fed, Tech, Bloomberg, Taiwan Semiconductor Manufacturing, Nvidia, Microsoft, Meta, JPMorgan Locations: New York, Iran, Israel, Wells Fargo, “, China, Taiwan

☆ Bissell recalls 3.2 million handheld steam cleaners after reports of burn injuries
▼ + stars: | 2024-07-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Bissell has recalled about 3.2 million handheld Steam Shot cleaners, which are popular across social media, after more than 150 burn injury reports. The handheld steamers, which come in a variety of colors, are among the top search results for “steam cleaner” on TikTok. Bissell said it received 183 reports of hot water or steam escaping from the steamer, which includes 157 reports of minor burn injuries. The recall targets steam cleaners in the model series 39N7 and 2994. “STEAM SHOT” or “POWER STEAMER” is printed on the side of the affected product.

Persons: New York CNN — Bissell, Bissell Organizations: New, New York CNN, Consumer Product Safety, Target, Walmart, Bissell, Amazon Locations: New York, TikTok, Canada

☆ AT&T is telling customers they were hacked. Protecting data has been a big fight – from companies like AT&T
▼ + stars: | 2024-07-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

In a statement, AT&T said, “We have long supported a comprehensive federal privacy policy protecting all Americans that applies across the internet ecosystem. Currently, data privacy laws exist in 19 states covering at least 150 million Americans, though differing in scale and scope. Industry trade groups say that while cyber security and data privacy can be interrelated, there is tension between those concepts that might not be fully covered in a data privacy law. What it’s like trying to pass data privacy lawsWhen Collin Walke, a data privacy and cybersecurity attorney, was in the Oklahoma House, he focused on data privacy legislation. One lobby, the State Privacy & Security Coalition, represents AT&T, T-Mobile, Verizon, Meta, as well as automobile, healthcare and payment card companies.

Persons: It’s, “, ” Dominic Sellitto, ” Sellitto, They’re, Alan Butler, ”, Eric Noonan, ” Andrew Kingman, Collin Walke, ” Walke, ” Monica Priestley, ” Priestley, something’s, ” Noonan, ” Butler Organizations: New, New York CNN, FBI, Securities and Exchange Commission, Consumer, Big Tech, Social, University at Buffalo, Privacy, “, State Privacy, Security Coalition, Industry, Oklahoma House, Amazon, Google, Verizon, CNN, U.S, Privacy & Security Coalition, Mobile, Meta, “ Industries, Tech, Companies, FCC, Federal Communications Commission Locations: New York, “, Oklahoma, California, Vermont

☆ Bud Light loses more ground, slipping to No. 3 in America
▼ + stars: | 2024-07-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Bud Light, formerly the top-selling beer in the United States, has had a tough year since a boycott upended the industry. Modelo Especial, made by rival Constellation Brands, remains the top-selling beer at retailers in the US after surpassing Bud Light last year. For the past four weeks ending on July 6, Bud Light captured 6.5% of beer dollar sales at retail stores compared to 7.3% for Michelob Ultra, NIQ data shows. Michelob Ultra’s rise to the top isn’t solely because of the decline of Bud Light. For Bud Light, its marketing efforts pivoted to win back conservatives.

Persons: Bud Light, leapfrogged Bud, Bud Light’s, influencer Dylan Mulvaney, It’s Organizations: New, New York CNN, Anheuser, Busch, Especial, Constellation Brands, Modelo, Industry, Copa America soccer, Team USA, US, UFC Locations: New York, United States

☆ Dow slides by more than 450 points and tech stocks continue to sell off
▼ + stars: | 2024-07-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow fell 464 points, or 1.1%, retreating from a record high reached a day ago. Investors have this week moved out of the Magnificent Seven tech stocks that powered the market to repeated record highs this year. Shares of smaller companies that tend to do well in a lower-rate environment began rallying last week, helping the Dow reach fresh highs. Tech stocks also took a hit this week after Bloomberg reported Tuesday that the Biden administration is mulling plans to impose more sanctions on Chinese tech firms and to heighten semiconductor trade restrictions between the US and China.

Persons: Dow, ”, Louis Navellier, Russell, Tesla, Biden Organizations: New, New York CNN, Nasdaq, Wednesday . Energy, Navellier, Associates, Federal Reserve, Dow, Nvidia, Microsoft, Meta, Tech, Bloomberg Locations: New York, China

☆ A rash of tech billionaires are pivoting to Trump — but not because they’re MAGA bros
▼ + stars: | 2024-07-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But there’s a small, powerful sect of Silicon Valley billionaires who are carving a path for the maybe-Trumpers and the MAGA-curious in the tech world. David Sacks, the billionaire tech investor, co-hosted a fundraiser last month at his San Francisco home and spoke at the Republican National Convention on Monday. In the last election cycle, the few Trump backers that existed in the Valley largely kept their support under the radar. Their numbers are still small, but they’re no longer hiding, and their wallets are open. And, as Kovacevich notes, just because there are a few big names turning toward Trump, “they’re not speaking for everybody.”“In fact, most of the big company CEOs aren’t terribly involved in partisan politics,” Kovacevich says.

Persons: CNN Business ’, Hillary Clinton, Joe Biden, MAGA, Elon Musk, Trump, David Sacks, San Francisco, Doug Leone, Palantir, Joe Lonsdale, what’s, Adam Kovacevich, ”, “, Biden, Lina Khan, Joe Biden’s, Gary Gensler, who’s, Marc Andreessen, Ben Horowitz, Trump’s, hasn’t, they’ve, Reid Hoffman, Eric Schmidt, aren’t, ” Kovacevich, “ They’re Organizations: CNN Business, New York CNN, Silicon, Wall Street, Trump, America PAC, San, Republican National Convention, Sequoia Capital, Biden, of, Financial Times, SEC, Big Tech, LinkedIn, Google Locations: New York, Silicon

☆ The iconic Mirage in Las Vegas is closing today after 34 years
▼ + stars: | 2024-07-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The Mirage Hotel and Casino on the Las Vegas Strip is closing Wednesday, ending 34 years in business. It will reopen in 2027 as Hard Rock Las Vegas, with a soaring 700-foot-tall hotel tower in the shape of a guitar, similar to its Florida property. Architects told CNN affiliate KSNV-TV that the tropical design created by Wynn was meant to resemble an oasis in the chaotic Las Vegas Strip. MGM Resorts bought the Mirage from Wynn in 2000 and sold it in 2022 for more than $1 billion to Hard Rock International. It’s the second time Hard Rock will have a presence in Las Vegas, with the brand previously owning the now-Virgin Hotel off the Strip.

Persons: Steve Wynn, Wynn, ” Mirage, Paul Steelman, Siegfried Organizations: New, New York CNN, Las, luxe, Bellagio, Architects, CNN, ”, NBC, Vegas, MGM Resorts, Wynn, Virgin Hotel Locations: New York, Casino, Nevada, Las Vegas, Florida

☆ JD Vance’s populist persona leaves pro-worker groups skeptical
▼ + stars: | 2024-07-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —There’s a popular idea in political discourse known as the horseshoe theory. The idea is that if you map ideologies on a horseshoe-shaped spectrum, the far right and the far left are actually more closely aligned than the centrists on either side. Missouri Republican Sen. Josh Hawley is another young buck (44 is the new 24 in Congress) who’s all-in on Trump and positioning himself as an advocate for workers. “Pro-worker is raising the minimum wage, ensuring people get overtime, supporting paid sick and family leave,” Terri Gerstein, the Director of the NYU Wagner Labor Initiative, told CNN. “Playacting as working class by dressing up in jeans and acting aggrieved doesn’t do anything for real working people who are struggling.”

Persons: CNN Business ’, New York CNN —, we’ve, Ohio Republican Sen, JD Vance, —, Donald Trump’s, Vance, Reagan, Lina Khan, Biden, ” Vance, Wall, Massachusetts Democratic Sen, Elizabeth Warren, New York Times ’ Ross, Bernie Bros, ” Vance isn’t, Missouri Republican Sen, Josh Hawley, who’s, Hawley, –, Democrats –, ”, Rupert Murdoch, Ken Griffin, Trump, Liz Shuler, “ Sen, he’s, ” Terri Gerstein, NYU Wagner, “ Playacting Organizations: CNN Business, New York CNN, Ohio Republican, Yale, Silicon, Massachusetts Democratic, New York Times, GOP, Missouri Republican, Trump, Democrats, Time, ” Media, Washington Post, AFL, “, NYU, NYU Wagner Labor Initiative, CNN Locations: New York, Silicon Valley, Massachusetts, American

☆ Nasdaq has worst day since 2022 as tech stocks get slammed
▼ + stars: | 2024-07-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Tech shares slumped Wednesday as investors shed the behemoths that fueled Wall Street’s monster stock rally this year. The Nasdaq Composite index tumbled 2.8%, logging its worst day since December 2022. Investors are also selling tech stocks after a cool inflation report last week and stronger-than-expected retail sales data on Tuesday pushed up bets for a rate cut in September. The Magnificent Seven tech stocks, which have led most of the gains this year thanks to the artificial intelligence boom, tumbled. Microsoft (MSFT) shares fell 1.3%, Apple (AAPL) shares slid 2.5%, Amazon (AMZN) shares declined 2.6%, Alphabet shares declined 1.6%, Tesla shares slipped 3.1% and Meta Platforms shares lost 5.7%.

Persons: Biden, Russell Organizations: New, New York CNN — Tech, Dow, Nvidia, Devices, Bloomberg, US Commerce Department, Microsoft, Apple, Meta Locations: New York, China

☆ Streetwear brand Supreme is getting a surprising new owner
▼ + stars: | 2024-07-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Supreme, the trendy streetwear clothier adored by celebrities and cool kids alike, has been sold to an eyewear manufacturer for substantially less than it sold for just four years ago. Italian company EssilorLuxottica announced Wednesday that it’s buying Supreme for $1.5 billion in cash from VF Corp. (VFC), the parent company of Vans and Dickies, which bought the brand for $2.1 billion in 2020. Supreme “perfectly aligns with our innovation and development journey, offering us a direct connection to new audiences, languages and creativity,” EssilorLuxottica said in a statement. The company added that the brand will have its “own space” in its portfolio and marks its first-ever apparel brand acquisition. “Buying a streetwear brand at a time when that aesthetic has gone off the boil is risky, and it is not clear what EssilorLuxottica intends to do to revive Supreme’s fortunes,” Saunders said.

Persons: EssilorLuxottica, ” EssilorLuxottica, Oliver Peoples, Ban, Oakley, Neil Saunders, ” Saunders Organizations: New, New York CNN —, VF Corp, Vans, Chanel, Gabbana, Carlyle Group, Corp, CNN, ” Observers Locations: New York

☆ Chicago gas prices could soar after tornado narrowly misses refinery
▼ + stars: | 2024-07-17 | by ( Chris Isidore | Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Gas prices could soon soar across the Chicago metropolitan area after a tornado narrowly missed a major ExxonMobil refinery outside of Chicago Monday night, knocking out power to the facility. The refinery, know as ExxonMobil’s Joliet Refinery, is located in neighboring Channahon, Illinois. The line of storms that hit the area Monday night produced 11 tornadoes in the greater Chicago area, including the one that hit Channahon, according to the National Weather Service. It will take a few days to return the Joliet refinery to normal production, assuming no damage occurred beyond the power outage, Lipow said. The the Chicago area is already at $4.07 a gallon, according to AAA, but that average price, based on Tuesday’s prices, was down 1 cent from the previous day.

Persons: John Petrakis, Andy Lipow, ”, Tom Kloza, Beryl’s, Lipow Organizations: New, New York CNN, ExxonMobil, Channahon, CNN, Lipow Oil Associates, ExxonMobil Joliet, Chicago, National Weather Service, AAA Locations: New York, Chicago, Joliet Refinery, Channahon , Illinois, Chicagoland, Whiting Indiana, Lemont Illinois, Houston, Joliet, Gulf

☆ Right-wing media figures blame women in Secret Service and ‘DEI’ for security failure in Trump shooting
▼ + stars: | 2024-07-17 | by ( Hadas Gold | ) edition.cnn.com time to read: +11 min

But one narrative has quickly taken hold in parts of the right-wing media ecosystem: The security failure was the result of workforce diversity initiatives and women working as Secret Service agents. Matt Walsh, a far-right media personality, wrote a series of posts on the social media platform X assailing the notion of women working as Secret Service agents. “There should not be any women in the Secret Service. “Female agents were also among those guarding Trump’s armored SUV as it prepared to depart the scene,” said Campbell. Associations that represent women in law enforcement reacted to the unfounded attacks on female agents with disappointment and alarm.

Persons: Donald Trump, Kimberly Cheatle, Trump, Matt Walsh, ”, Walsh, Josh Campbell, “, Campbell, Barbara Riggs, Riggs, Elon Musk, Laura Ingraham, ” Riggs, Eric Trump, CNN’s Jake Tapper, Cheatle, Joe Biden’s, ” Cheatle, Cheatle’s, Tim Burchett, Kamala Harris, Dan Ball, Cheatle “, Republican Sen, Ron Johnson, they’ve, CNN’s Whitney Wild Organizations: New, New York CNN, Service, Trump, CNN, Equity, Fox News, PepsiCo, CBS, Tennessee Republican, Republican, Senate Homeland Security, Washington Post, Women, Enforcement, International Association of Women Police, National Association of Women, Research Locations: New York, Pennsylvania, Trump, Baltimore

☆ Premarket stocks: The Dow’s surge is a calculated response to political turmoil
▼ + stars: | 2024-07-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Tragedy strikes and traders (or trading algorithms) sniff out a way to make money off of it. Stocks also went on a tear as Covid-19 killed millions and gutted economies across the globe. “The market’s up today, but the market’s up every day,” Steve Sosnick, chief strategist at Interactive Brokers, tells me. Whether or not the political bump lasts, some traders did seize on the moment to double down on so-called Trump trades. In short, when the yield curve gets steeper, that’s a sign bond traders are nervous.

Persons: CNN Business ’, Stocks, it’s, Steve Sosnick, Sosnick, ”, “, Trump, Reagan, Coinbase, Elon Musk, Sturm Ruger, he’s, Joe Biden —, ” Sosnick, they’re Organizations: CNN Business, New York CNN — Financial, Dow, Interactive, Trump, White, Macquarie, Trump Media, Smith, Wesson, Democratic, Treasury Locations: New York

☆ Elon Musk is going all-in on Donald Trump
▼ + stars: | 2024-07-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —At first glance Elon Musk and Donald Trump wouldn’t seem to be natural allies. Musk has given money to candidates from both parties in the past, including $5,000 to Barack Obama in April of 2011. Musk quit two White House business councils he served on early in 2017 after Trump announced America would withdraw from Paris climate accord. But for the last several years Musk has repeatedly shown support for Trump – or opposition to President Joe Biden. Musk recently tweeted the EV subsidies passed under Biden actually helped its rivals more than Tesla.

Persons: Elon Musk, Donald Trump wouldn’t, Musk, Barack Obama, Trump, “, DJT, “ influencers, –, Tesla, ” Musk, haven’t, ”, Joe Biden, Twitter, Biden Organizations: New, New York CNN, Street, PAC, Democratic, Republican, Trump, America PAC, White, America, Twitter, Biden Administration, EV, Biden, SpaceX Locations: New York, America, ”, Elon, Delaware, Paris

☆ Elon Musk says he’s moving SpaceX and X to Texas
▼ + stars: | 2024-07-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Elon Musk says he’s moving his companies out of California. In two posts on X Tuesday, the billionaire said he will move SpaceX’s HQ from Hawthorne, California, to Starbase, Texas, a company town being built in the southern part of the state. Social media platform X will move from San Francisco to Austin, Texas, he then said. In 2021, Musk said he would move Tesla HQ from the Bay Area to Austin, Texas. CNN has reached out to X, SpaceX and Newsom’s office for comment.

Persons: New York CNN — Elon Musk, Musk, Gavin Newsom, ” Musk, “, ”, CNN’s Chris Isidore Organizations: New, New York CNN, SpaceX, Lone Star State, CNN Locations: New York, California, Hawthorne , California, Starbase , Texas, San Francisco, Austin , Texas, Delaware, Texas

☆ It’s not just Bob Menendez: Americans really love gold bars
▼ + stars: | 2024-07-16 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Menendez maintains his innocence and plans to appeal the verdict, he told reporters outside the Manhattan courtroom on Tuesday. The discovery that Menendez owned a hoard of gold bars stunned many people. And now even Costco sells gold bars. The two kilograms and 11 ounces worth of gold bars Menendez and his wife possessed would have been worth over $185,000 as of Tuesday, according to Goldprice.org data. Other people who prefer to keep gold under their own roof store it in a gun safe or floor safe, he added.

Persons: Sen, Bob Menendez, Menendez, Jonathan Rose, ” Rose, ’, ”, Rose, it’s Organizations: New York CNN, Bank, Genesis Gold, Western Alliance, CNN, Costco, Dow, IRS Locations: New York, Manhattan, Beverly Hills , California

☆ ‘Morning Joe’ pulled from air Monday because of Trump shooting
▼ + stars: | 2024-07-15 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —MSNBC will not air “Morning Joe,” its celebrated politics roundtable program, on Monday, opting to instead air continued breaking news coverage of the attempted assassination of former President Donald Trump. The progressive news network confirmed the decision to preempt its influential and top-rated morning show after a CNN inquiry Sunday evening. GET reliable sources in your inbox A daily digest chronicling the evolving media landscape with uncompromising reporting and analysis. MSNBC has, in particular, been blasted by Trump’s allies, putting the network in the spotlight. Last year after Hamas executed its deadly October 8 attack on Israel, MSNBC quietly pulled three of its Muslim broadcasters from air.

Persons: ”, Donald Trump, Cesar Conde, Rashida Jones, Joe Scarborough, Mika Brzezinski, It’s, Semafor Organizations: New, New York CNN, MSNBC, CNN, Republican National Convention, NBC News, NBCUniversal News, Trump, Comcast Locations: New York, Israel

☆ Stocks, dollar and crypto jump after Trump assassination attempt
▼ + stars: | 2024-07-15 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —US markets rose Monday as investors processed the assassination attempt on former President Donald Trump over the weekend. The Dow rose 169 points, or 0.4%, paring its gains after hitting a fresh all-time high earlier in the session. The Republican Party’s campaign platform promises to “end Democrats’ unlawful and un-American crypto crackdown.”Shares of Trump Media & Technology Group, the former president’s social media company, popped 35.6%. A Trump win in November likely means the preservation or expansion of tax cuts and increased tariffs. While economic growth sounds positive for the US, some investors worry that it could reaccelerate inflation.

Persons: Donald Trump, Bettors, Joe Biden, Morgan Stanley, “, Trump, ”, Mark Malek Organizations: New, New York CNN, Dow, Nasdaq, Trump, Republican Party’s, Trump Media & Technology Group, CNN, Federal Reserve, Siebert Financial Locations: New York

☆ Trump Media shares spike 50% after assassination attempt
▼ + stars: | 2024-07-15 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

At current prices, Trump’s 114.75 million shares in Trump Media are worth about $5.6 billion. Trading under the ticker symbol “DJT,” Trump Media has achieved a massive valuation despite making little revenue and Truth Social remaining a tiny player in social media. For months, Trump Media has been a way for investors to bet on Trump returning to the White House, making Truth Social the primary platform for presidential communications. Trump Media recently announced it has been added to the Russell 1000 Index of large-cap stocks and the Russell 3000 Index. As a result, countless retail investors now own a piece of Trump Media through mutual funds and exchange-traded funds (ETFs).

Persons: Donald Trump’s, Trump, ”, Matthew Tuttle, ” Tuttle, Russell Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trading, ” Trump Media, Trump, White, Tuttle Capital Management, CNN Locations: New York, Butler , Pennsylvania, Milwaukee

☆ BlackRock pulls commercial that included Trump rally shooter
▼ + stars: | 2024-07-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Investment giant BlackRock is pulling an ad that included Thomas Crooks, the gunman who shot at Donald Trump, injuring the former president and killing an attendee at a rally near Pittsburgh on Saturday. “In 2022, we ran an ad featuring a teacher from Bethel Park High School, in which several unpaid students briefly appeared in the background, including Thomas Matthew Crooks,” a spokesperson for the company said Sunday. BlackRock said the assassination attempt on former President Trump was “abhorrent” and is “thankful” that he wasn’t seriously injured. BlackRock is a major investor in gun companies, including Sturm Ruger and American Outdoor Brand, the owner of Smith & Wesson. In quarterly earnings reported Monday, the world’s largest money manager said its assets under management had swollen to a record $10.6 trillion.

Persons: Thomas Crooks, Donald Trump, “, Thomas Matthew Crooks, ”, Crooks, BlackRock, Trump, wasn’t, Sturm Ruger Organizations: New, New York CNN — Investment, Bethel Park High School, BlackRock, Brand, Smith & Wesson Locations: New York, Pittsburgh, Bethel

☆ Google is close to making its biggest acquisition ever
▼ + stars: | 2024-07-15 | by ( Matt Egan | Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN. A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google on cybersecurity, marking the tech giant’s biggest-ever acquisition. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said. Google Cloud is central to the company’s efforts to diversity revenue beyond its core search advertising business. Notable customers include BMW, Slack and Salesforce, and it works with major cloud companies including Amazon, Microsoft and Google.

Persons: Wiz, Dan Ives, Biden, Trump, Ives, — Assaf Rappaport, Ami Luttwak, Yinon Costica, Roy Reznik, Slack Organizations: New, New York CNN, Google, CNN, Wiz, Wall Street, Motorola, Microsoft, Wedbush, White, Federal Trade Commission, Big Tech, Israel Defense Forces, Fortune, BMW, Amazon Locations: New York, New York City

☆ Thomas Matthew Crooks was wearing Demolition Ranch’s shirt at the time of the Trump attempted assassination
▼ + stars: | 2024-07-15 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Thomas Matthew Crooks, the 20-year-old who opened fire on former President Donald Trump during a campaign rally Saturday in Pennsylvania, was pictured twice wearing a t-shirt that said “Demolition Ranch” on it. Demolition Ranch is a popular YouTube channel for gun enthusiasts with more than 11 million subscribers. “We were shocked and confused to find this out: The shooter who tried to assassinate Trump was wearing merch from my channel, wearing a Demolition Ranch t-shirt. Demolition Ranch usually posts a variety of videos relating to guns with titles such as “Eating A Meal Cooked ONLY With A GUN!! Carriker said Demolition Ranch cannot vet everyone who buys its products.

Persons: New York CNN — Thomas Matthew Crooks, Donald Trump, Crooks, Matt Carriker, Trump, ” Carriker, Carriker, CNN Crooks ’, CNN’s John Miller, Casey Tolan, Evan Perez, Danny Freeman, Majlie, Puy Kamp, Curt Devine, Isabelle Chapman Organizations: New, New York CNN, CNN, Trump, Secret Service, Bethel Park, Bethel Park High School Locations: New York, Pennsylvania, Texas, Pittsburgh, Bethel

☆ Burberry CEO is out after company warns about its profit
▼ + stars: | 2024-07-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%. Jonathan Akeroyd is leaving Burberry with “immediate effect,” the company said in its earnings release Monday, and replacing him with Joshua Schulman, a luxury wear veteran that has held CEO roles at Coach and Michael Kors. A global slowdown on spending on luxury goods has also forced Burberry to issue a profit warning, and it scrapped its dividend. “There is a sense that Burberry has been on the back foot and that Jonathan Akeroyd’s revitalization plans have largely failed to stop the rot,” Saunders told CNN. “A course correction has been needed for some time and Burberry is hoping a new CEO can deliver this.”

Persons: Jonathan Akeroyd, Joshua Schulman, Michael Kors, Akeroyd, Burberry, Gerry Murphy, ” Murphy, “, Neil Saunders, Jonathan Akeroyd’s, ” Saunders, ” Organizations: New, New York CNN, Burberry, London Stock Exchange, GlobalData, CNN Locations: New York

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