DIRS.INFO The most relevant business & tech news

☆ 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

☆ The big change that could come for the economy in September
▼ + stars: | 2024-07-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Wall Street’s expectations for a September rate cut rose to roughly 93% on Thursday from 73% the day before, according to the CME FedWatch Tool. “A September rate cut should be a done deal at this point,” wrote Ron Temple, chief market strategist at Lazard, in a Thursday note. Some economists worry that if the Fed doesn’t cut rates by then, cracks could begin to deepen in the labor market. A September rate cut “may not be the magic elixir some investors are seeking,” wrote Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management, in a Monday note. On an annual basis, consumer prices are increasing at their slowest pace since June 2023, matching the lowest annual rate since early 2021.

Persons: ”, Ron Temple, Jerome Powell didn’t, Brent Schutte, Alicia Wallace, —, Elisabeth Buchwald, McDonald’s, Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Lazard, Northwestern Mutual Wealth Management, Bureau of Labor Statistics ’, Taco Bell Locations: New York, Burger

☆ Here’s how Biden would actually be replaced
▼ + stars: | 2024-07-11 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +10 min

The president noted he overwhelmingly won Democratic primaries, which is why nearly all of the convention delegates are currently considered to be pledged to him. Biden is correct that the Democrats’ rules allow delegates to vote for the candidate of their choice. She told me how the process of replacing Biden would work considering nearly all of the 3,949 pledged convention delegates are currently pledged to support him. Sort of legally, according to party rules, he could be replaced anytime up to the roll call at the convention. Party leaders may yet carry on with the plan as a way to squash questions about Biden.

Persons: Joe Biden, “, ” Biden, It’s, Biden, Elaine Kamarck, Kamarck, it’s, Jimmy, Carter, Sen, Edward Kennedy, They’ve, Michigan’s Gretchen Whitmer, Maryland’s Wes Moore, California’s Gavin Newsom, Kamala Harris, energize, Shelby Tauber, That’s, she’s, they’re, They’re, who’s, they’ve, ”, ” It’s, ’, We’ve, Kennedy, Reagan, Ford, Hur, you’re, Read, CNN’s Arit John, Ethan Cohen Organizations: CNN, Democratic National Convention, Democratic, Brookings Institution, Democratic Party, LBJ, Biden, Brookings, Republicans, Democrats Locations: New Hampshire, Alabama, Maine, Utah, Dallas , Texas, Chicago, Ohio

☆ Your bank is about to reveal key information about the US economy’s health
▼ + stars: | 2024-07-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dave Sekera, chief US market strategist at Morningstar, says that he’s watching for insights on banks’ delinquency rates. Consumers have increasingly fallen behind on or missed payments in recent months as they get squeezed by high interest rates. But banks could see higher losses compared to 2023 if the economy were to experience a downturn, the Fed warned. Investors are wagering that the central bank will begin easing rates as soon as September, according to the CME FedWatch Tool. “The worst outcome for all of us is what you call stagflation: higher rates and recession,” Dimon said in an interview with CNBC.

Persons: Wells Fargo, Goldman Sachs, Dave Sekera, Stocks, JPMorgan Chase, Jamie Dimon, Dimon, Matt Egan, it’s, ”, Joe Brusuelas, Mark Zandi, ” Zandi, “, Jerome Powell, Erika Tulfo, “ It’s, Neil Saunders, Abrigo, Gen Organizations: CNN Business, Bell, New York CNN, United, United States ’, JPMorgan Chase, Citigroup, Bank of America, Morningstar, Federal Reserve Bank of New, Fed, Federal Deposit Insurance Corporation, JPMorgan, CNBC, Federal, RSM, “, Moody’s, CNN, GlobalData, Apple Locations: New York, United States, Federal Reserve Bank of New York, China

☆ Investors look to upcoming earnings to keep stock rally going
▼ + stars: | 2024-07-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —With interest rate cuts on the backburner, Wall Street is looking to corporate earnings to continue powering the 2024 stock market rally. Analysts polled by FactSet expect second-quarter earnings of S&P 500 companies to grow about 8.7% on average from the prior year. Strong corporate earnings have helped the S&P 500 gain a whopping 16% and notch repeated record high closes this year. Since the Fed isn’t likely to cut rates anytime soon, the onus is on strong corporate earnings to continue driving the market rally. Earnings season kicks off July 12 when big banks including JPMorgan Chase, Wells Fargo and Citigroup report results.

Persons: FactSet, Jerome Powell, ”, Jeffrey Buchbinder, Wells, Dow, Lisa Shalett, Jessie Yeung, Hanako Montgomery, Junko Ogura, “, Tadashi Matsubara, ” Read, Laura He, Pan Gongsheng, Read Organizations: CNN Business, Bell, New York CNN, Federal, LPL, JPMorgan Chase, Citigroup, Nvidia, Microsoft, Meta, Dow Jones, Morgan Stanley Wealth Management, Kanpou, “, Beijing Money, Silicon Valley Bank, People’s Bank of China, prudential Locations: New York, Sintra , Portugal, Wells Fargo, Banks, Japan, Nepal, China, Beijing, Silicon, United States, Shanghai

☆ Biden should release the tapes of his Robert Hur interview if he wants to prove he's not too old
▼ + stars: | 2024-07-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Biden is 81 years old and, if he completes another term, would be 86 by the end of his presidency. There is a move he can take to help turn the tides: Release the Hur tapes. In later testimony before Congress, Hur said Biden "himself put his memory squarely at issue." His White House lawyers also wrote letters objecting to the language, writing Hur characterized Biden's memory "in sweeping, quasi-medical terms." The audio of Biden's interview could be manipulated by deepfakes in a politically volatile moment, they say.

Persons: —, Joe Biden, Donald Trump, Biden, Robert Hur, Hur, Beau Biden, Karine Jean, Pierre, General Merrick Garland, Garland, Joe Biden's, Win McNamee, deepfakes, Bob Bauer, Charles Tobin, Ballard Spahr, Tobin Organizations: Service, Business, ABC, Justice, White, White House Press, Justice Department, Republicans, Judicial Locations: Washington ,

☆ A massive fire on a Russian warship was set by a saboteur fighting against his own country, Ukraine says
▼ + stars: | 2024-07-04 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Ukraine's military intelligence said that a saboteur was responsible for damage to a Russian ship. The Serpukhov was set ablaze in April, damaging much of its interior, officials said. Ukraine said that the saboteur was a member of a special legion of Russians fighting for Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Russian dissident covertly working with Ukrainian military intelligence was responsible for setting a fire that badly damaged a Russian warship, Ukrainian officials said on Wednesday.

Persons: —, HUR, Radio Svoboda Organizations: Service, Ukraine's Main Intelligence Directorate, Business Locations: Russian, Ukraine

☆ Investors just got an inflation wakeup call. Will they answer?
▼ + stars: | 2024-07-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Inflation rates in Canada, the EU and Australia have popped higher in recent months. But that disconnect appears to be fading as inflation rates in the US continue to ease. The US also had a recent scare as inflation rates ticked higher. But after a year of the Fed holding interest rates steady at a 23-year high, inflation rates in the United States are once again declining. High inflation readings around the globe are concerning investors, José Torres, senior economist at Interactive Brokers, told CNN.

Persons: ”, Brent Schutte, Schutte, José Torres, Torres, payrolls, Chewy, Keith Gill, Krystal Hur, Gill, Ryan Cohen, Jordan Valinsky, CSSE Organizations: CNN Business, Bell, New York CNN, EU, Federal, Federal Reserve, Bank of Canada, Northwestern Mutual Wealth Management, Interactive Brokers, CNN, Investors, Bank for International, BIS, Securities, Exchange, GameStop, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Canada, Australia, United States, Europe, Redbox

☆ Chewy shares fall after surging on revelation of ‘Roaring Kitty’ meme trader’s 6.6% stake
▼ + stars: | 2024-07-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of online pet products retailer Chewy went on a wild ride Monday after Keith Gill, the influential meme stock trader also known as ”Roaring Kitty,” revealed a large stake in the company. On Monday, Gill said in a Securities and Exchange filing that he purchased about 9 million Chewy shares (CHWY), amounting to a 6.6% stake in the company. Chewy shares slipped about 5% mid-morning on Monday after jumping as much as 10% earlier in the session. Ryan Cohen, the founder of Chewy, is the chief executive of GameStop, the embattled video game retailer Gill is known for championing. Gill revived the meme stock frenzy in May after breaking a three-year social media hiatus to post a cartoon on X.

Persons: Chewy, Keith Gill, ”, Gill, Ryan Cohen, ” Gill Organizations: New, New York CNN, Securities, Exchange, GameStop, CNN, Financial Services Locations: New York, Texas

☆ Stocks surged during the first half of 2024. What’s next?
▼ + stars: | 2024-07-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Much of the S&P 500’s gains were concentrated in the Magnificent Seven big tech names, while other stocks lagged behind. Coming into this year, Wall Street projected that the Fed would ease rates as many as six times in 2024. What could be in store for the stock market during the second half of 2024? “I feel very, very good about the values of my three children, and I have 100% trust in how they will carry things out,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.

Persons: there’s, Bell, Kevin Gordon, Charles Schwab, you’ve, It’s, we’re, it’s, I’d, That’s, Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, Read, Matt Egan, unstuck, —, Michael Gapen Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Nvidia, Federal Reserve, Wall, Fed, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Bank of America, CNN Locations: New York, America

☆ Democrats are freaking out after Biden's debate performance
▼ + stars: | 2024-06-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Read previewPresident Joe Biden wanted the earliest major presidential debate in history. Biden turned in a performance so disastrous that prominent Democrats are questioning if the president can even go on. Advertisement"It was a really disappointing debate performance from Joe Biden," Kate Beddingfield, Biden's former White House communications direction, said shortly after Axelrod. I loved Joe Biden, I worked for Joe Biden," Jones said. Related storiesOne former White House aide told Politico that Biden's performance was "terrible."

Persons: —, Joe Biden, Biden, Obama White, David Axelrod, Axelrod, Biden's, Kate Beddingfield, Van Jones, Jones, Kamala Harris, Harris, Anderson Cooper, Donald Trump, Robert Hur, Michael Hardaway, Hakeem Jeffries, — Michael Hardaway, Quentin James, James, Andrew Yang, it's, Eugene Daniels, wasn't, Biden relishes, Hur, Obama didn't, Obama's, David Plouffe Organizations: Service, Fox News, Obama, CNN, Business, White House, Major, Trump, White, Politico, Union, Collective PAC, New York Times, Times, Democratic, Georgia Tech's Locations: Iowa, Georgia

☆ Trump lied and misled. He still won the debate against Biden.
▼ + stars: | 2024-06-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Read previewFormer President Donald Trump, 78, may have lied throughout the first presidential debate of the 2024 election, but the evening still may have provided a lift for his campaign as President Joe Biden, 81, struggled to find his footing during the debate. Trump and Biden had their first face-off on Thursday evening, breaking with election norms by holding a debate months before voters head to the polls in November. CNN's fact-checker, Daniel Dale, estimated that Trump said false or misleading statements 30 times during the debate. Throughout the Thursday debate, Biden's voice sounded raspy as the president struggled at moments to hold in a cough. "That's a question we can't answer because we've never had a debate this early," Siegfried told BI.

Persons: —, Donald Trump, Joe Biden, Trump, Biden, Evan Siegfried, Daniel Dale, Robert Hur, he's, Siegfried, Obama White, David Axelrod, we've, Obama, Mitt Romney Organizations: Service, Business, CNN, GOP, Biden, Associated Press, The New York Times, Obama Locations: Mexico, China, Denver

☆ Warren Buffett has finally revealed what will happen to his money after he dies
▼ + stars: | 2024-06-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

“The Gates Foundation has no money coming after my death,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation. Berkshire Hathaway on Friday said that Buffett is converting roughly 9,000 Class A shares into more than 13 million Class B shares. About 9.3 million shares will go to the Bill & Melinda Gates Foundation Trust, with the rest split among the four Buffett family charities. Following the newly announced donations, Buffett owns 207,963 Berkshire Hathaway Class A shares and 2,586 Class B shares, the company said.

Persons: New York CNN — Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, “ Warren Buffett, ” Mark Suzman, “, ”, Melinda Organizations: New, New York CNN, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Melinda Gates Foundation Trust, CNN, Berkshire Hathaway Locations: New York

☆ Republicans want you to think Biden's on drugs at the debate because they've set expectations too low for him
▼ + stars: | 2024-06-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDay in and day out, Republicans portray Joe Biden as a man who's too old and enfeebled to carry out the duties of the presidency. At 81, Biden is the oldest person to ever serve as president, and there's no denying that he shows it at times. But now, ahead of a high-stakes debate with Donald Trump on Thursday, some Republicans are adding a twist to that narrative: Biden may show up under the influence of drugs. The president has been in debate prep for days, and he's likely looking to snag a similar opportunity on Thursday.

Persons: —, Joe Biden, It's, Biden, Donald Trump, Ronny Jackson, Trump, There's, Eric Burlison of, enfeebled, He'll, Hillary Clinton, Jackson, Joe, Burlison, Robert Hur's Organizations: Service, Business, White, Texas Republican, Republicans, Rep, Trump, Democratic, State, Union Locations: Eric Burlison of Missouri, Philadelphia, State, Texas

☆ Hate Apple’s ‘By the Seaside’ alarm tune? You’re not alone
▼ + stars: | 2024-06-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Then Apple’s “By the Seaside” alarm sound went off. Moktan chose the jaunty, cheerful tune available as a ringtone and alarm on many of Apple’s devices, thinking that the song’s easygoing melody would make waking up a peaceful experience. Gyaltsen Moktan, a 26-year-old English teacher in Tokyo, says that "By the Seaside" reminds him of horror movie music. Courtesy Gyaltsen Moktan“By the Seaside” is perhaps Apple’s most polarizing alarm and ringtone, evoking comparisons to nails on a chalkboard, the word “moist” and screaming children on a plane. Boston Flake, a 15-year-old high school student in Utah, is in a love-hate relationship with the controversial alarm tune.

Persons: Gyaltsen Moktan, Moktan, ”, Gyaltsen, Carlos Xavier Rodriguez, Levi Hutchins, Antoine Redier, Seth Thomas, Boston, I’ll, ” Apple, Rodriguez, There’s, Rodrigo, Adele, Ryan Meadows, Krystal Roxas, Roxas, “, ” Moktan, Bill Withers, Grover Washington, Jr’s “ Organizations: New, New York CNN, YouTube, University of Michigan School of Music, Theatre & Dance, Boston, Showbiz, CNN Locations: New York, Tokyo, Japan, ”, knocker, Britain, United States, Concord , New Hampshire, French, Utah, San Bruno , California

☆ Nvidia’s shares are on fire. The broader stock market looks less rosy
▼ + stars: | 2024-06-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. Can Nvidia’s blockbuster gains continue, and what does its outsized market cap mean for the stock rally? Now everyone says, “the market is dependent on Nvidia’s earnings.” You’re going to see a kind of a shift in market cap over the years. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. The Fed doesn’t directly set mortgage rates but its actions do influence them through the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s policy moves.

Persons: OpenAI’s, Bell, Christopher Barto, ” You’re, Bryan Mena, Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, Read, Ilya Sutskever, Clare Duffy, Sutskever, Geoffrey Hinton Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Fort Pitt Capital Group, Apple, Meta, Google, Amazon, “, Federal Reserve, Treasury, Superintelligence Inc, SSI Locations: New York

☆ Americans could be on a tight budget this summer
▼ + stars: | 2024-06-20 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Americans tend to shell out in the summer as they venture outdoors, book trips and step away from their desks. Consumers plan to spend less on away-from-home entertainment and vacations this summer, according to the 2024 KPMG Consumer Pulse Survey released Tuesday. That’s a contrast to last year when Americans shelled out on the “Barbenheimer” phenomenon, Taylor Swift and Beyoncé concert tickets and getaways. Retailers that offer Americans more bang for their buck including Ross Stores, TJ Maxx and HomeGoods-parent TJX, Dollar General and Walmart have benefitted. Americans are also feeling worse about the economy as they struggle with elevated inflation and high borrowing rates.

Persons: Taylor Swift, It’s, ”, Duleep Rodrigo, TJ Maxx, Mark Thompson, Henley, ” Hannah White, —, OpenAI’s Organizations: CNN Business, Bell, New York CNN, Pulse Survey, Commerce Department, Federal Reserve, Retailers, Ross Stores, Walmart, Abercrombie, Fitch, Williams, University, Michigan’s, Millionaires, Labour, Henley & Partners, Institute for Government, City of, Henley Private Wealth, Nvidia, Microsoft, Apple Locations: New York, Sonoma, Britain, United Kingdom, City of London

☆ Nvidia surpasses Microsoft to become the largest public company in the US
▼ + stars: | 2024-06-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Nvidia, Wall Street’s artificial intelligence poster child, is now the most valuable company in the United States. Apple is the third most valuable company in the US with a $3.27 trillion market cap. Nvidia earlier this month joined the tech giants in becoming the only US companies to cross a $3 trillion market cap. Nvidia’s chips are unmatched in producing processors that power artificial intelligence systems, including for generative AI, the technology backing OpenAI’s ChatGPT that can create text, images and other media. The Jensen Huang-led company’s dethroning of Microsoft comes as Wall Street’s most prominent tech companies battle for the coveted top spot.

Persons: OpenAI’s, Jensen Huang, company’s Organizations: New, New York CNN, Nvidia, Microsoft, Apple, Developers Locations: New York, United States

☆ Wall Street is turning more bullish
▼ + stars: | 2024-06-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s tough being a Wall Street bear these days. The S&P 500 index has climbed nearly 15% this year and clinched 30 record-high closes. The new backdrop of cooling inflation coupled with rate cuts on the horizon is prompting investors to up their bullish wagers. Evercore ISI raised its price target to 6,000 for the S&P 500, a reversal from its previous, more gloomy 4,750 target. Much of the S&P 500 index’s returns are tied to the mega-cap tech Magnificent Seven stocks, leaving the market dependent on just a handful of names to continue its monster run.

Persons: New York CNN —, Goldman Sachs, ”, Julian Emanuel, index’s, Bacon, Danielle Wiener, Bronner, fuming, Jin Bian, Samantha Delouya, Bian, “, Ron DeSantis, isn’t, Bill 264, Sellers, Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, ISI, Evercore ISI, Shoppers, Bureau of Labor Statistics, CNN Locations: New York, Monday’s, Florida, Tampa , Florida, Nanjing, China

☆ What’s next for the stock market? Here’s one thing you could do if shares start sinking
▼ + stars: | 2024-06-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

The market has been on a tear in 2024, driven higher by robust corporate earnings and the artificial intelligence boom. Traders expect the Fed to begin easing rates in September at the earliest, according to the CME FedWatch Tool. If inflation is cooling down but the Fed is still expected to keep its key lending rate higher for longer, what does that mean for the stock market? The data will tell us that, but I think the big takeaway for us is [inflation] going in the right direction. Do you expect some of the cash that’s on the sidelines to enter the stock market?

Persons: Price, Wall, Bell, Jack Janasiewicz, Jerome, Powell, we’re, it’s, wouldn’t, you’re, Hilary Whiteman, Read, Sam Altman, Steve Wozniak, OpenAI, Altman, Samantha Murphy Kelly, Tim Cook, ”, Ben Wood, “ Apple, Siri Organizations: CNN Business, Bell, New York CNN, Federal, Nasdaq, Fed, Traders, Solutions, You’re, Apple, Insight, CNN, Apple Intelligence Locations: New York, United States, West Coast, Hawaii, California, San Jose , Los Angeles, San Francisco, San Diego, Honolulu, Australia, Sydney, Melbourne, Victoria, Adelaide, South Australia

☆ Ukraine's new drone boats are armed with heat-seeking missiles to scare off Russian aircraft, commander says
▼ + stars: | 2024-06-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewUkraine has armed its naval drones with heat-seeking missiles, giving the systems a major upgrade that will allow them to target Russian aircraft patrolling around the Black Sea. "Such developments are effective — Russians are very afraid of them," the commander of "Group 13," a special HUR unit dedicated to operating the naval drones, said in a recent interview. AdvertisementA Ukrainian Magura V5 drone is seen on water during an exhibition of military equipment and weapons at an undisclosed location on April 13, 2024. Moscow, largely unable to stop Ukraine's unrelenting naval drone attacks, has turned to combat aircraft to patrol the waters and protect its warships. Kyiv has relied on its fleet of naval drones, as well as long-range missiles, to inflict these losses.

Persons: —, HUR, Archer, Lloyd Austin Organizations: Service, Ukrainian, Directorate of Intelligence, Business, REUTERS, NATO, Sukhoi, MiG, Black, Grad, US Locations: Ukraine, Soviet, Moscow, Ukrainian, Kyiv

☆ Justice Department won't prosecute Garland for contempt, says refusal to provide audio wasn't crime
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: +1 min

U.S. Attorney General Merrick Garland departs for a recess during a House Judiciary Committee hearing entitled “Oversight of the U.S. Department of Justice”, in Washington, D.C., U.S., June 4, 2024. Attorney General Merrick Garland will not be prosecuted for contempt of Congress because his refusal to turn over audio of President Joe Biden's interview in his classified documents case "did not constitute a crime," the Justice Department said Friday. In a letter to House Speaker Mike Johnson, a Justice Department official cited the department's longstanding policy not to prosecute for contempt of Congress officials who don't comply with subpoenas because of a president's claim of executive privilege. Garland is the third attorney general to be held in contempt of Congress. He has defended the Justice Department, saying officials have gone to extraordinary lengths to provide information to the committees about special counsel Robert Hur's classified documents investigation, including a transcript of Biden's interview with him.

Persons: General Merrick Garland, U.S . Department of Justice ”, Joe Biden's, Mike Johnson, Garland, coalescing, David Joyce of Ohio, Robert Hur's Organizations: U.S . Department of Justice, Washington , D.C, Justice Department, Justice, White, Republicans, Republican Locations: Washington ,

☆ Here’s how to invest in stocks when interest rates are higher for longer
▼ + stars: | 2024-06-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

How should traders invest in a higher-for-longer rate environment? Before the Bell: What do higher-for-longer rates mean for the stock market? What I find interesting and actually kind of invigorating is the resilience of the US economy in the face of these expected higher-for-longer rates. There will be some sectors that higher-for-longer rates will impact. And so we can see consumer durables slowing down or suffering a little bit in this higher-for-longer rate environment.

Persons: Price, Bell, Wylie Tollette, we’ve, We’ve, Jeanne Sahadi, isn’t, —, ”, “, ” Read, iPhones Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Consumer, Franklin Templeton Investment Solutions, Big Tech, Energy, Gallup, Global, “, Apple, Microsoft, Nvidia Locations: New York, “ State, United States

☆ 3 risks to global economic growth
▼ + stars: | 2024-06-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The World Bank on Tuesday raised its 2024 outlook for global economic growth to hold steady at 2.6%, an increase from its previous projection of 2.4% growth. “Four years after the upheavals caused by the pandemic, conflicts, inflation, and monetary tightening, it appears that global economic growth is steadying,” Indermit Gill, the World Bank’s chief economist, said in a release accompanying the report. Prospects for the world’s poorest economies are even more worrisome.”Here are three risks the World Bank sees. The World Bank said that spillover risk from the Russia-Ukraine war and Israel-Hamas war could curb global growth by pushing up oil prices and shipping costs. Trade tensions are already brewing between some of the world’s biggest global economic engines.

Persons: ” Indermit Gill, Jerome Powell, ”, Ayhan Kose, Danielle Wiener, Bronner, Joe Erlinger, aren’t, TikTok, John S, James L, Donald Trump, Joe Biden’s, Biden Organizations: CNN Business, Bell, New York CNN, Bank, World Bank, European Central Bank and Bank of Canada, US Federal Reserve, European Commission, EU, Bureau of Labor Statistics, McDonald’s, Pew Research Center, Knight Foundation, TikTok Locations: New York, Russia, Ukraine, Israel, India, Mexico, United States, France, United Kingdom, China, Beijing

☆ Apple is now the most valuable US public company
▼ + stars: | 2024-06-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Apple edged past Microsoft on Thursday to become the most valuable public company in the United States, as announcements made at its annual Worldwide Developers Conference including generative AI features for iPhones sent the stock climbing. Apple shares rose 0.6% on Thursday and have popped 8.8% so far this week. Microsoft shares rose 0.1% on Thursday. The iPhone maker’s comeback comes just a week after Nvidia on June 5 surpassed it to become the second-largest public US company. Although the partnership will likely give the company a much-needed boost, Apple aligning itself with a company and a technology that have yet to win public trust has raised criticism, especially for taking user inputs and incorporating them into ChatGPT’s data set.

Persons: iPhones, OpenAI Organizations: New, New York CNN, Apple, Microsoft, Nvidia Locations: New York, United States, China, Washington

Search resuls for: "hur"

25 mentions found