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'A useful disguise' for the HouthisBetween December and March, Houthi attacks damaged at least 19 commercial ships, according to a June 13 report published by the Defense Intelligence Agency. US Central Command via AP, FileThe following weeks saw a decrease in the pace of successful Houthi attacks. AdvertisementYemen's Houthi group released a video showing an explosive-laden drone boat target a commercial vessel earlier this month. AdvertisementDouble taps and drone boatsBeyond the recent double-tap strikes, the Houthis' ability to learn from past attacks is visible in their drone boat operations. In this photo released by the French military, the MV Tutor sinks in the Red Sea after it was struck by a Houthi drone boat.
Persons: , Archer Macy, Behshad, Houthis, Brian Carter, Ambrey, Carter, they're, des, they'll, Macy, they've, Alex Stark, John Kirby, Kirby, Yemen —, Dwight D, Theodore Roosevelt Carrier, Stark Organizations: Service, Business, US Navy, Defense Intelligence Agency, US military's Central Command, US, Command, AP, Military Times, American Enterprise, Houthi Media, Getty, des Armées, AP Experts, Center for Strategic, Studies ' Missile Defense, RAND Corporation, National Security, Eisenhower, Eisenhower Carrier Strike, Theodore Roosevelt Carrier Strike Group Locations: Gulf of Aden, Iran, Iranian, Yemen, Tehran, Israel, Gulf, Aden, Ukraine, Russian, Red, France, Sanaa
US President Joe Biden speaks at the Stonewall National Monument Visitor Center grand opening ceremony in New York on June 28, 2024. The Biden campaign has raised $27 million starting from the day of the first presidential debate through Friday evening, a campaign spokesperson announced on Saturday. The Biden campaign, the Democratic National Convention, and Biden PACs and committees jointly raised $85 million in May, lagging behind Trump's $141 million haul in the same month that the former president was convicted on 34 felony charges. The Biden campaign did not immediately respond to a request for comment about how much of this new fundraising came from grassroots donors online versus higher-dollar donors. Biden supporters, including former Presidents Barack Obama and Bill Clinton have tried to spin the debate by recognizing, rather than ignoring the president's debate blunders while also asking voters to look past them.
Persons: Joe Biden, Biden, Joe Biden's, Donald Trump's, Camp David, Barack Obama, Bill Clinton Organizations: Stonewall, Monument Visitor, Democratic National Convention, Biden, Democratic, Trump, Monument Visitor Center, Pride, Camp Locations: New York, Atlanta, Raleigh , North Carolina, North Carolina, New Jersey
CNN —Hundreds of basketball-size space rocks slam into Mars each year, leaving behind impact craters and causing rumblings across the red planet, according to new research. During its time on Mars, InSight used its seismometer to detect more than 1,300 marsquakes, which take place when the Martian subsurface cracks due to pressure and heat. Meteoroids are space rocks that have broken away from larger rocky bodies and range in size from dust grains to small asteroids, according to NASA. “We’re interested in studying that on Mars because we can then compare and contrast what’s happening on Mars to what’s happening on the Earth. Between 280 and 360 meteoroids hit the red planet each year, and they form impact craters larger than 26 feet (8 meters) across, according to the study.
Persons: , Ingrid Daubar, ” Daubar, NASA’s, “ We’re, Géraldine Zenhäusern, ” Zenhäusern, Natalia Wojcicka Organizations: CNN, NASA, Reconnaissance, JPL, Caltech, University of Arizona, Brown University, NASA’s Mars, Nature Communications, Switzerland’s ETH Zürich, Imperial College London’s Locations: Mars, Switzerland’s
Then, in 2008, the California Supreme Court legalized same-sex marriage, and we were legally married in our home state. Prop 8 passed in November 2008, making same-sex marriage once again illegal in California. In 2015, the U.S. Supreme Court legalized same-sex marriage nationally, and that's when my wife and I started to truly reap the benefits of marriage. Owning property togetherWhen we bought our condo in 2004, we weren't legally married, so we couldn't just let the title company take care of the deed. Freedom from financial fearAfter the decision to legalize same-sex marriage in 2015, I felt like a full citizen for the first time.
Persons: , It's, that's, doesn't Organizations: Service, California Supreme, U.S, Supreme, Social Security Locations: California
Some states, municipalities and private-sector companies are pushing to make composting as commonplace as recycling. Yet data from the Environmental Protection Agency shows little residential food waste is composted in the U.S. — 3.7% as of an April 2023 report. These include at-home options, curbside bins, drop-off locations and private valet services that pick up food waste from multi-family homes. Thousands of composting facilities neededFranciosi said his organization has been fielding more calls from municipalities that are interested in composting, but funding challenges remain. Another challenge is the dearth of composting facilities.
Persons: Scott Smithline, Jenny Grant, Frank Franciosi, Stacy Savage, Franciosi, Grant, Lauren Organizations: PepsiCo, Environmental Protection Agency, California Department of Resources Recycling, Zero, Local Locations: U.S, Vermont, California, Europe, REA, New York City, Bronx, Manhattan, Brooklyn, Queens, Staten
AdvertisementImages provided to BI appear to show blood-stained floors, cracked countertops, and, disturbingly, a life-sized human dummy. An image provided to Business Insider appears to show a human dummy alongside packets of zip ties in Alison Weinsweig's apartment. Kohanim left the property in April, but Weinsweig alleges that her former tenant has yet to return the keys or fob. AdvertisementA photograph provided by Alison Weinsweig appears to show blood on the floor of the bathroom in her apartment. Other images provided to BI also appear to show a life-sized dummy on the bathroom floor, next to zip-tie packets.
Persons: , Alison Weinsweig, I'd, Weinsweig, Alison Weinsweig's, Ramin, Kohanim, didn't Organizations: Service, Business, BI, LA, Superior, Weinsweig Locations: Wilshire, Pennsylvania, California, Los Angeles, Weinsweig
Bitcoin's blues could linger throughout July, but investors are still optimistic about the cryptocurrency in the second half of the year. July is usually a strong month for bitcoin, which has finished higher for the month in seven of the last 11 years, according to CoinGlass. "There are always other known potential sources of bitcoin supply from government for example, but it's always uncertain when that's coming to market. This week, the crypto market was startled when the U.S. and German governments sent large amounts of previously seized bitcoin to exchanges, according to CryptoQuant. Marion Laboure, senior strategist at Deutsche Bank Research, said growing demand for crypto ETFs will help keep bitcoin's price "elevated" in the months ahead.
Persons: bitcoin, Zach Pandl, it's, JPMorgan's Nikolaos Panigirtzoglou, Pandl, Trump, Marion Laboure, 21Shares, Michael Bloom Organizations: Metrics, Federal, U.S ., Deutsche Bank Research, Solana Locations: U.S, Mt
Read previewHaize Labs, an AI safety startup, is raising an early-stage round that investors are clamoring to invest in, Business Insider has learned. However, for hot startups, there can be more investor demand than a startup can accommodate, as with Haize Labs' round. One source indicated that Haize Labs received term sheets with valuations ranging from $30 million to over $100 million. Haize Labs is building automated red-teaming and stress-testing algorithms to identify risks in AI models and agents. AI safety has increasingly become a concern, especially as AI usage increases among both consumers and enterprises.
Persons: , Leonard Tang, VentureBeat, OpenAI, Sama, Steve Li, Richard Liu, Tang Organizations: Service, Business, Haize, Haize Labs, Soma, Google, Netflix, Harvard, Carnegie Mellon, Washington Post
Kat Holmes uses a decidedly old school method to track her busy schedule while she simultaneously trains for Paris 2024 and studies in medical school. "I sit down and I write every single due date as far into the future as I can," she recently told CNBC Make It. But despite her best organizational efforts, Holmes says it's impossible to avoid burnout while having such a highly demanding schedule. I was going 100% all the time," Holmes, who spoke with CNBC Make It while promoting her partnership with the fitness coaching app Future, said. "Now that I've been competing at this high level for 15 years, I recognize the signs."
Persons: Kat Holmes, Holmes, I've Organizations: Paris, CNBC
Although Micron (MU) has not had Nvidia's meteoric performance, it has been a stellar stock, doubling in the last year and up over 50% in 2024. The AI boom has buoyed memory chips higher as these chips have become a more important component for artificial intelligence accelerators. However, the possibly unrealistic bar now being set for AI earnings reports saw Micron drop more than 7% on high volume. I want to express a short-term bearish view in Micron as I believe further profit-taking will occur in the third quarter. Micron is one of the largest semiconductor companies in the world, specializing in high-bandwidth memory and storage chips.
Persons: Long Organizations: Micron, Nvidia, JPMorgan, MU, CNBC, NBC UNIVERSAL Locations: CapEx
The Supreme Court on Friday overturned a decades-long legal precedent that has empowered the federal government to regulate the environment and other issues, unleashing a potential threat to President Joe Biden's climate policies. The court overruled the Chevron doctrine, one of the most important principles guiding federal regulation for the past 40 years. Last year, the Supreme Court significantly narrowed how many wetlands EPA can regulate to keep them clean. How did this case end up at the Supreme Court? They argued the Chevron doctrine injures small businesses and individuals who have little power to influence federal agencies.
Persons: Joe Biden's, Chevron, John Roberts, Joe Biden, Biden, Raimondo, Charles Koch Organizations: Service, Business, Environmental Protection Agency, Republican, Bright Enterprises, Inc, Department of Commerce, Action Institute, Chevron, Appeals, District of Columbia Circuit, National Marine Fisheries Service Locations: Chevron
If you buy health insurance via the federal marketplace, your premiums could increase significantly after 2025 — unless Congress takes action. The premium tax credit makes health insurance purchased via the marketplace more affordable. Participants can use the credit to lower insurance premiums upfront or claim the tax break when filing their return. In his fiscal 2025 budget request, President Joe Biden proposed making the premium tax credit expansion permanent. Former President Donald Trump's campaign did not respond to CNBC's request for comment on the program.
Persons: Gideon Lukens, Joe Biden, Donald Trump's Organizations: American, Center, Budget, Finance, Congressional, Office, Taxation Locations: U.S
Vienna, Austria is the wrold's most "liveable" city, according to the Economist Intelligence Unit's 2024 Global Liveability Index. For the third year in a row, Vienna, the capital of Austria, is the world's most livable city, according to the Economist Intelligence Unit. "Declines in stability and infrastructure across a number of cities in advanced economies were offset by structural improvements in healthcare and education in several cities in developing markets." Here are the 10 most livable cities in the world, according to EIU. North America was the second best region, scoring an average of 90.5 out of 100, and ranking highest for education.
Persons: EIU Organizations: Economist Intelligence, Economist Intelligence Unit, Western Locations: Vienna, Austria, Copenhagen, Denmark, Zurich, Switzerland, EIU, Austria Copenhagen, Denmark Zurich, Switzerland Melbourne, Australia Calgary, Canada Geneva, Switzerland Sydney, Australia Vancouver, Canada Osaka, Japan Auckland, New Zealand, Asia, Pacific, Melbourne, Sydney, Osaka, Japan, Auckland , New Zealand, Vancouver, Toronto, Western Europe, North America, Canada
The first presidential debate came and went, and voters gained little additional insight into each candidate's economic visions. The latest Social Security and Medicare Board of Trustees report found that the program will only be able to pay out full benefits for the next 11 years. Trump, on the other hand, said Biden is going to "destroy Social Security" and did not offer any insight into how he might address the program. Save Social Security, don't destroy it." AdvertisementUltimately, the major takeaway from the night was not the candidates' economic stances, despite it being a top issue for voters.
Persons: , Donald Trump, Joe Biden, Biden, Trump, Nobody's, — Biden Organizations: Service, May's, Business, Biden, Voters, Security, Social Security, Social
CNN —A super-rich Indian businessman took to social media to appeal for urgent blood donations for a critically ill puppy. Tata, who has 9.7 million Instagram followers, wrote: “I would really really appreciate your help. Ratan Tata has long been known for his concern for animals and set up a veterinary hospital in Mumbai earlier this year. Last year, the Press Trust of India estimated there were around 62 million stray dogs in the country, although experts say the real number would be nearly impossible to verify. In an Instagram post last year, he expressed concern for the safety of stray cats and dogs that shelter under cars during the monsoon season.
Persons: Ratan Tata, Instagram, Tata, , ” Tata, Indranil Aditya, Leo, Scooby, Ronny, Ivan, Sandeep Palav, Tito, Organizations: CNN, Tata Group, Tata Motors, Rover, Ford, Animal Hospital, Tata, Bloomberg, Getty, Tata Trusts, Press Trust of India Locations: Mumbai, Animal Hospital Mumbai, Casper, German
Read previewThe first presidential debate of 2024 did not go well for President Joe Biden. Despite a few jabs at Trump, Biden spent much of the debate slurring through sentences and, at times, sounding incoherent. AdvertisementBut the shortcomings of Biden's performance — which Business Insider's politics reporters called a "complete disaster" — went beyond his speaking segments. 'It wasn't the president's finest hour'When it was Trump's turn to speak, Biden sometimes looked toward the ground as though drifting from the conversation. "I don't think Biden's base can put a positive spin on his first debate performance," Falzon said.
Persons: , Joe Biden, Donald Trump sparred, Biden, Trump, Paul Falzon, Falzon, Adriana Giotta, Giotta, TikTok, Biden Trump, Zers, Biden's, lauding, Donald J, Joe Organizations: Service, Trump, Business, Google, Biden Locations: Singapore
Gold set for third quarterly gain; traders await US inflation data
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices eased on Friday, but were set for a third straight quarterly rise, while investors looked forward to U.S. inflation data due later in the day for more clarity on the Federal Reserve's interest rate-cut timeline. After adding to its gold reserves for 18 consecutive months, official data from the People's Bank of China (PBOC) showed its holdings were flat in May. A survey by the World Gold Council, however, found that more central banks may increase gold reserves within 12 months. Gold rose more than 1% in the previous session after data showed a continued, though moderate, slowdown in U.S. economic activity. A soft set of PCE figures is required to keep hopes of Fed easing alive and further support gold, City Index senior analyst Matt Simpson said.
Persons: Ilya Spivak, Michelle Bowman, Matt Simpson Organizations: Heraeus, Solar, People's Bank of China, World Gold Council, City Index Locations: Budapest, Hungary, U.S, China
The stock market has had a hot first half, with the S & P 500 up roughly 15%, but there are still opportunities for investors to find cheap names with solid dividends. They also have upside to the average analyst price target of 10% or more, according to FactSet. The S & P 500 energy sector has also done well this year, up more than 9% so far. SLB has a whopping 41.5% upside to the average price target, while ConocoPhillips has more than 27% upside to the average price target. About 68% of analysts covering the stock rate it a buy or overweight, and it has nearly 22% upside to the average price target.
Persons: Sempra, Baker Hughes, SLB Organizations: Federal Reserve, CNBC Pro, Hotels, Resorts, BMO, Utilities, ConocoPhillips, Analysts, Oil, Hasbro, Bank of America Locations: SLB
Trump Media stock surges 10% after debate
  + stars: | 2024-06-28 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
CNN —Former President Donald Trump’s social media company is getting a boost after President Joe Biden’s shaky debate performance. Shares of Truth Social owner Trump Media & Technology Group (DJT) rose 4% in early trading Friday as investors bet the debate has boosted Trump’s chances of retaking the White House. Trump is the chairman of Trump Media, and he is the leading shareholder. Trump Media doesn’t really trade on the fundamentals of the underlying company, the stock has ebbed and flowed with the news about Donald Trump, including his criminal conviction and Thursday night’s debate performance. Trump Media is valued at more than $6 billion even though the company makes very little revenue and Truth Social is tiny.
Persons: Donald Trump’s, Joe Biden’s, Trump, , Donald Trump, “ DJT, ” Matthew Tuttle, Tuttle, Biden, aren’t Organizations: CNN, Social, Trump Media & Technology, Trump Media, Trump, Tuttle Capital Management
The s'mores bars were a hit, though I wish the graham-cracker layer was thicker. I liked Trader Joe's s'mores bars, but had a few notes. The marshmallow component was fluffy, like the jarred stuff you get in the store, and tasted exactly as I'd expected. VERDICT: I'm a picky s'mores traditionalist, so it's hard to say this truly delivers the vibe of the campfire classic. Click to keep reading other Trader Joe's taste tests in this series.
Persons: graham, Joe's, Savanna, Wilson
US stocks rose Friday as traders took in new inflation data from the Fed's preferred price gauge. PCE inflation cooled to 2.6% last month, the lowest pace of price growth in three years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks jumped on Friday as traders took in fresh inflation data, which showed price pressures continuing to cool off in May. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:AdvertisementIn commodities, bonds, and crypto:
Persons: , Seema Shah Organizations: Service, Treasury, Federal, Asset Management, Nasdaq, Nvidia Locations: PCE, Here's
CNBC Daily Open: Roaring Kitty, Nike flops, inflation on deck
  + stars: | 2024-06-28 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. 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. Nike warningShares of Nike plunged 12% in extended trading after the sneaker giant slashed its full-year guidance, anticipating a 10% drop in sales for the current quarter. Roaring Kitty, back againChewy shares experienced a rollercoaster ride on Thursday, soaring as much as 34% following a cryptic post by meme stock influencer Roaring Kitty, before falling back into negative territory.
Persons: Matthew Friend, Nike's, Tim Wentworth, Kitty, CNBC's Michelle Fox Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Micron, Nvidia, Treasury, Nike, Walgreens, BCA Research Locations: New York City, U.S, Israel, Lebanon, Greater China, China
The S & P 500 and Nasdaq Composite are hovering around all-time highs, having rallied roughly 15% and 18%, respectively. The 30-stock Dow and S & P 500 each posted losses, down by 0.1%, each. In recent days, a number of Wall Street firms have hiked their year-end S & P 500 targets to catch up with this year's surprisingly strong rally. On a median basis, strategists expect the S & P 500 will end the year at 5,500, a CNBC Pro survey shows . June jobs report Markets will be closed Thursday for the Fourth of July holiday.
Persons: chipmaker, Craig Johnson, Piper Sandler, Goldman Sachs, Scott Chronert, CNBC's, Chronert, Piper Sandler's Johnson, Bill Merz, Merz, He's, Jamie Meyers, Laffer Tengler, he's, Meyers, Bank's Merz Organizations: Nasdaq, Dow Jones, Nvidia, Microsoft, Deutsche Bank Research, Equity, Dow, Wall Street, Citi, ISI, CNBC, U.S, Bank Wealth Management, PMI, Manufacturing, ADP, PMI Services, Services PMI, Constellation Locations: U.S
OpenAI CEO Sam Altman says he leaned heavily on advice from his friend Brian Chesky — CEO and co-founder of Airbnb — after ChatGPT became a global phenomenon. Here's where you're behind, here's what you're screwing up, here's what you got to proactively do, here's what you got to think about.'" Chesky was "almost always right," Altman added. The hours of guidance impacted key areas of OpenAI's business, according to Altman: Chesky instructed him on who to hire and how to "map" out the company's strategy. More recently, Chesky told him that he was "probably not thinking enough about" the political consequences of the company's generative AI technology, Altman added.
Persons: Sam Altman, Brian Chesky, Airbnb, ChatGPT, Altman, Chesky, Altman's, Brian Organizations: Aspen Ideas, Microsoft
The vote takes place amid deteriorating relations with the West, an advancing Iranian nuclear program, and an increasing risk of direct war with Israel. Iranian presidential candidate Mohammad Bagher Ghalibaf’s supporters gathered on the final day of campaigning to hear him speak, in Tehran, Iran on Thursday. Some polls have shown increasing popularity for Pezeshkian, with the rest of the conservatives splitting the vote. Khamenei urged Iranians to head to the polls and vote after he cast his ballot in the election on Friday morning. Saeed Jalili, ultraconservative former nuclear negotiator and Iranian presidential candidate, holds a rally in Tehran, Iran, on June 24.
Persons: Ebrahim Raisi, Hossein Amir, Ali Khamenei, Mahsa, Mohammad Bagher Ghalibaf’s, Joseph Ataman, Masoud Pezeshkian, Saeed Jalili, Mohammad Bagher Ghalibaf, Khamenei, Amini’s, Pezeshkian, Iran’s, Amirhossein Qazizadeh, Hashemi, Alireza Zakani, Qazizadeh, who’ve, , Arash Azizi, Saddam Hussein, Masoud, Morteza, , Sina Toossi, Narges Mohammadi, ” Ahmad, Ghalibaf, ” Ghalibaf, ” Mariam, Raisi, ” Cheers, ” Mohammad, ” Parsi, Javad Zarif, Zarif, ” Khamenei, Trump, Biden Organizations: Iran CNN —, Foreign, Iran’s, West, CNN, Iran’s Guardian Council, Center for Middle East, Global, Quincy Institute, Experts, Islamic, Center for International Policy, Trump, Pezeshkian, Getty, Washington Locations: Tehran, Iran, Israel, Gaza, Lebanon, Islamic Republic, Iranian, Berlin, Iraq, Washington, Washington ,, Shiroudi,
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