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☆ Treasury yields slip as investors weigh state of economy
▼ + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over one basis point to 4.2427%. The yield on the 2-year Treasury was last over one basis point lower to 4.5105%. U.S. Treasury yields were slightly lower on Tuesday as investors considered the outlook for the U.S. economy ahead of key data slated for the week. Investors awaited the latest economic data as they assessed the state of the U.S. economy and what this could mean for monetary policy decisions by the Federal Reserve. Markets are not expecting interest rates to be cut then but are anticipating clues about a timeline for monetary policy being loosened.

Persons: Jerome Powell Organizations: Treasury, U.S, Investors, Federal Reserve, Richmond Fed, Fed, Traders Locations: U.S

☆ Families Left Scrambling After Delta Bars Minors From Flying Alone in Wake of Outage
▼ + stars: | 2024-07-23 | by ( Yan Zhuang | ) www.nytimes.com time to read: +1 min

Scott Darling and his wife drove their 17-year-old son, Asher, to the San Jose airport on Sunday morning and saw him off at the check-in counter. They were back in their car and pulling out of the airport when they got a frantic call: Delta Air Lines wouldn’t let Asher check in because he didn’t have a parent accompanying him on the flight. Darling said. Asher had flown by himself on several occasions, he said, and “we were never notified about this.”Delta has been the slowest U.S. airline to restore its operations, canceling over 1,000 flights each day from Friday to Monday. Another 400 had been canceled as of 7 a.m. on Tuesday, according to the flight tracking website FlightAware.

Persons: Scott Darling, Asher, ” Mr, Darling, Pete Buttigieg, Delta Organizations: San, Delta Air Lines, Microsoft Locations: San Jose

More than 150 people were killed in southwestern Ethiopia on Monday after a landslide flattened several houses in a village following days of heavy rain, and neighbors who rushed to dig out those buried under the mud were hit with a second landslide about an hour later. The first landslide struck the village in the Geze district between 8:30 and 9 a.m. on Monday, said Habtamu Fetena, who heads the local government’s emergency response. Nearly 300 people from two neighboring villages ran to the area to help and began digging through the mud by hand. Then about an hour later, without warning, more mud slid down the hillside above the village, and killed many of those trying to help their neighbors.

Persons: Habtamu Fetena Locations: Ethiopia, Geze

☆ Track and field at the 2024 Olympics: World-record watch, schedule and how to watch
▼ + stars: | 2024-07-23 | by ( Mark Puleo | ) www.nytimes.com time to read: +11 min

AdvertisementThat makes track and field by far the most contested sport at the Olympics. Men’s shot put: Behind Duplantis, American Ryan Crouser has a case for the world’s most dominant athlete in track and field. She broke her own record for the fourth time with a time of 50.65 seconds in June at the U.S. Olympic trials. Hocker’s winning time of 3:30.59 broke the trials record by 3.5 seconds and showed he has the world-class fitness to mix it up at Paris. She withdrew from the Jamaican Olympic Trials and later revealed she was dealing with an Achilles injury.

Persons: Duplantis, Florence Griffith, Jamaica’s Shericka Jackson, America’s Gabby Thomas, Jackson, Thomas, Men’s, Ryan Crouser, He’s, Joe Kovacs, Jonathan Edwards ’, Jordan Díaz, Jaydon Hibbert, Sydney McLaughlin, Levrone, Femke Bol, Bol, Marita Koch, Karsten Warholm, Rai Benjamin, Benjamin, Sha’Carri Richardson, Noah Lyles, tucking “ Yu, Quincy Wilson, Yared Nuguse, Cole, Nuguse, Norway’s Jakob Ingebrigtsen, Josh Kerr, Hocker, Hocker’s, Nikki Hiltz, Grant Holloway, Freddie Crittenden, Daniel Roberts, Elaine Thompson, Thompson, Joyner, Mu, Dave Wottle, Yulimar Rojas, She’s, “, reina, Kelvin Kiptum, Eliud Kipchoge, Kiptum, Kipchoge, Tim Clayton, Corbis Organizations: Summer, LSU, Xiamen Diamond League, Los Angeles Grand Prix, Arkansas, NCAA, SEC, U.S, Team USA, NBC, Telemundo, Universo, Olympic, Jamaican Olympic Trials, Griffith, reina del, Kenyan, Getty Locations: Paris, Spain, U.S, Netherlands, East Germany, American, Tokyo, USA, salto

☆ Hydrothermal Explosion at Yellowstone Sends Tourists Racing for Safety
▼ + stars: | 2024-07-23 | by ( Annie Correal | ) www.nytimes.com time to read: +1 min

A hydrothermal explosion sent a towering column of boiling water, mud and rock shooting into the air at Yellowstone National Park in Wyoming on Tuesday morning, destroying a section of boardwalk and sending dozens of tourists running for safety, officials said. The explosion occurred at around 10 a.m. in the Biscuit Basin area of the park. Several tourists captured video of the event, and in some footage an adult can be heard shouting at children to run. Suddenly it became a huge, dark cloud full of rocks,” she said in a phone interview. “It was a huge cloud, it covered the sun.

Persons: ’ Organizations: United States Geological Survey, Vlada Locations: Wyoming

☆ Yellowstone National Park closes some areas after hydrothermal explosion
▼ + stars: | 2024-07-23 | by ( Jamiel Lynch | ) edition.cnn.com time to read: +2 min

“Hydrothermal explosions are violent and dramatic events resulting in the rapid ejection of boiling water, steam, mud, and rock fragments,” according to the US Geological Survey. “Porkchop Geyser, in Norris Geyser Basin, experienced an explosion in 1989, and a small event in Norris Geyser Basin was recorded by monitoring equipment on April 15, 2024. Hydrothermal explosions like that of today are not a sign of impending volcanic eruptions, and they are not caused by magma rising towards the surface.”Large hydrothermal explosions occur on an average of every 700 years, the USGS says. “Although large hydrothermal explosions are rare events on a human time scale, the potential for additional future events of the sort in Yellowstone National Park is not insignificant. Based on the occurrence of large hydrothermal explosion events over the past 16,000 years, an explosion large enough to create a 100-(meter)- (328-ft-) wide crater might be expected every few hundred years,” it added.

Persons: ” Organizations: CNN, Geological Survey Locations: Yellowstone, Wyoming, Norris, Norris Geyser

☆ Porsche shares fall 5% after automaker cuts 2024 outlook on aluminium alloy shortage
▼ + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in automaker Porsche fell on Tuesday after the company cut its 2024 outlook, saying various suppliers were affected by a shortage of special aluminium alloys. Holding company Porsche SE was last down over 3%. Porsche said that a series of its suppliers were impacted by a "significant supply shortage with regard to special aluminium alloys." The shortage is linked to flooding in a production facility of a key European aluminium supplier, Porsche explained. "Despite immediate countermeasures, it is becoming apparent that the impending supply shortage will lead to impairments in production," Porsche said.

Persons: Porsche Organizations: Volkswagen, Porsche, UBS Locations: Stuttgart, Swiss, Zrich, Switzerland, London

☆ Stock market today: Stocks trade mixed as investors get ready for Tesla and Alphabet earnings
▼ + stars: | 2024-07-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stock were mixed early Tuesday as investors awaited earnings from big companies. Markets are getting ready to pick through results from Tesla and Alphabet after the closing bell. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stock moves were muted on Tuesday, with investors getting ready to go over earnings results from Tesla and Google parent Alphabet after the closing bell. Tesla and Alphabet are the first of the Magnificent Seven tech cohort to post second-quarter results.

Persons: —, Russell, Bill Adams, Adams Organizations: Service, Tesla, Google, Nasdaq, Federal

☆ I was an Amazon software engineer for almost 8 years. I either loved or hated the company — I never felt indifferent.
▼ + stars: | 2024-07-23 | by ( Pooya Amini | ) www.businessinsider.com time to read: +11 min

While working there, I never felt indifferent toward the company; I either loved or hated it. Amazon felt like an engineer-driven company because technical engineers had control over entire projects versus being assigned small tasks by non-technical managers. As a senior engineer, I ran a training on "customer obsession," one of the main "leadership principles" that define Amazon employees. Because there are so many principles, managers could use them in contradictory ways. Amazon on-call shifts were frustrating and exhaustingAt Amazon, most of our product decisions were based on customers.

Persons: —, I've, you've Organizations: Service, Amazon Vancouver, Amazon, Meta, Business, Amazon Web Services, Alexa, . Locations: Amazon Vancouver, Amazonians, Amazon

☆ Spotify jumps 14% after the music-streaming giant reports record profit in the 2nd quarter
▼ + stars: | 2024-07-23 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Spotify shares jumped as much as 14% on Tuesday after it reported earnings. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSpotify stock jumped Tuesday as the company's latest earnings breezed past expectations and delivered its highest profit ever in the second quarter. Spotify's record profits were driven by 12% growth in its premium subscribers and a 13% rise in its ad sales. AdvertisementIn December, Spotify laid off 17% of its staff and cut two of its most popular podcasts, "Heavyweight" and "Stolen."

Persons: —, paring, Daniel Ek, Ek Organizations: Spotify, Service

Business checkingFirst Citizens Bank Business Checking Account Start banking On First Citizens Bank's site. You can get more competitive rates if you have a Premier Business Checking account or Professional Business Checking account and can deposit a minimum of $5,000. How First Citizens Bank worksFirst Citizens Bank has both personal banking and business banking. How First Citizens Bank compares to similar institutionsWe compared First Citizens Bank business banking with two other institutions: Citizens Bank and IberiaBank. First Citizens Bank Citizens Bank Iberia Bank Business accounts Checking, savings, CDs, money market accounts Business accounts Checking, savings, CDs, money market accounts Business accounts Checking, savings, CDs, money market accounts Max.

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☆ Delta has to manually reset each computer system affected by the mass IT outage
▼ + stars: | 2024-07-23 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

As most airlines began to recover following the technology issues, Delta has struggled to restore operations to full capacity, now resorting to manually resetting each system affected by the meltdown. AdvertisementIt explained that the airline's crew-tracking-related tool, which ensures flights are fully staffed, has needed manual support to repair. The airline with the next highest number of cancellations was United Airlines, with 694 cancellations. AdvertisementSince Friday, Delta has canceled over 5,000 flights, per FlightAware data. Delta canceled 394 flights on Tuesday as of 6.50 a.m.

Persons: —, Delta, Ed Bastian Organizations: Service, Lines, Business, Delta, Microsoft, United Airlines, United, Jackson Atlanta International Airport Locations: Texas, Delta, Delta's, Hartsfield

☆ Two Landslides Kill 229 People in Ethiopia
▼ + stars: | 2024-07-23 | by ( Lynsey Chutel | Kumerra Gemechu | ) www.nytimes.com time to read: +1 min

The first landslide struck the village in the Geze district between 8:30 and 9 a.m. on Monday, said Habtamu Fetena, who heads the local government’s emergency response. Nearly 300 people from two neighboring villages ran to the area to help and began digging through the mud by hand, he said Tuesday. Then about an hour later, without warning, more mud slid down the hillside above the village, and killed many of those trying to help. “They had no clue that the land they were standing on was about to swallow them,” Mr. Fetena said. The village hit by the landslides lies in a region that is increasingly vulnerable to the effects of climate change, including long droughts followed by strong storms and more frequent and intense rainfalls, experts said.

Persons: Habtamu Fetena, “, ” Mr, Fetena Locations: Ethiopia, Geze

☆ I was kicked out of high school, so I turned to the Marines for a way forward. Now, I'm a corporate lawyer with degrees from Stanford and Harvard.
▼ + stars: | 2024-07-23 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

At 17, I was kicked out of high school because I skipped class to work at my fast-food job and hang out with my friends. I was always interested in the MarinesAfter getting kicked out of school, I enlisted in the Marine Corps. AdvertisementI got my GED and took 15 units of entry-level community college classes, like English 101 and US History. AdvertisementI left the military and began classes at a community collegeTragically, our first daughter died during birth. It's pretty amazing that a Black kid from a low-income family who didn't finish high school was able to achieve all of this.

Persons: —, Andrew Hanson, I'd, Stanford, I've, they've, Lauryn Haas Organizations: Service, Business, Marines, Marine Corps, School of Infantry, Tragically, Stanford, Columbia, Department of Justice, Harvard University, Department of Veterans Affairs, Harvard Locations: Virginia, Chicago, Camp Pendleton , California, Iraq, New Orleans, California, Washington, Cambridge , Massachusetts, Skadden, Slate, lhaas@businessinsider.com

☆ Disney slides on concerns about its theme parks. That should not be a surprise
▼ + stars: | 2024-07-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 edged slightly higher Tuesday as investors awaited quarterly earnings releases after the close from influential tech companies. This follows CNBC-parent Comcast's quarterly earnings on Tuesday, which missed revenue estimates due to weakness in theme parks and film studios. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Danaher, that's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Google, YouTube, NFL, Walt Disney, Club, Disney

☆ An Oscar Mayer Wienermobile Rolls Over. The ‘Hotdoggers’ Are OK.
▼ + stars: | 2024-07-23 | by ( Hank Sanders | ) www.nytimes.com time to read: +1 min

You might expect to see litter, trash or even roadkill on the side of a highway. But a 3,600-pound hot dog? Just after 11 a.m. Monday, employees of Oscar Mayer were driving one of the company’s promotional Wienermobiles on an Illinois highway when the driver hit another car, lost control, overcorrected and rolled the vehicle on its side, the Illinois State Police said. Video taken after the collision showed two people — “hotdoggers,” as the company calls them — climbing out of the passenger-side door and hopping down to safety. Later, a tow truck crane arrived, scooped up the Wienermobile and carried it away.

Persons: Oscar Mayer Organizations: Illinois State Police, Social Locations: Illinois, Oak Brook

Its price target implies more than 30% upside. Analyst Stephen Bersey also slashed his price target for the stock to $302 from $388. The financial firm reiterated its overweight on the technology titan and Magnificent Seven member and increased its price target to $485 from $465. The bank upgraded shares of the doughnut maker to buy from hold, while standing by its target price of $14. The bank upgraded the shoe company to overweight from equal weight and raised its price target to $80 from $60.

Persons: CrowdStrike, Morgan Stanley, Stephen Bersey, Bersey, Lisa Kailai Han, Piper Sandler, Brent Bracelin, Bracelin, — Lisa Kailai Han, Peter Christiansen, Christiansen, Sorabh Daga, McDonald's, Daga, Fred Imbert Organizations: CNBC, HSBC, HSBC downgrades CrowdStrike, Guggenheim, Microsoft, Microsoft Cloud, Citi Locations: CrowdStrike, U.S, Monday's

☆ 10-year Treasury yield falls as investors look to key data in week ahead
▼ + stars: | 2024-07-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over three basis points to 4.2077%. The 2-year Treasury yield was last less than one basis point lower to 4.5043%. U.S. Treasury yields were lower on Monday as investors awaited key economic data slated for the week and markets considered the latest U.S. political developments. Investors looked ahead to key data due this week that is set to provide fresh hints about the state of the economy and could inform the Federal Reserve's decision-making when it comes to monetary policy. According to CME Group's FedWatch tool, traders were last pricing in an around 96% chance of a September rate cut.

Persons: Joe Biden, Kamala Harris Organizations: Treasury, U.S, Federal, White, Democratic

☆ Ryanair shares tumble 12% as budget airline reports 46% fall in quarterly profit, sees lower fares
▼ + stars: | 2024-07-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. Ryanair cited weaker-than-anticipated fares and the Easter season falling into the previous quarter as reasons for the drop in profit. It also comes despite a 10% increase in passenger traffic to 55.5 million during the quarter, Ryanair said Monday. However, Ryanair Group CEO Michael O'Leary said in a statement that fares were expected to be lower than expected over the next three months. Other European airlines followed Ryanair lower on Monday, with fellow low-cost airline EasyJet shedding over 6%, while Jet2 fell 4% and Hungarian airline Wizz Air slid over 6%.

Persons: — Ryanair's, Michael O'Leary, O'Leary, Jet2 Organizations: Ryanair, Wizz Air Locations: London

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☆ Stock market today: US stocks rise as traders try to come back after worst week since April
▼ + stars: | 2024-07-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors are gauging what a potential Kamala Harris presidency could mean for the stock market. Second-quarter GDP and the June PCE index will be released later this week. The gains came one day after President Joe Biden announced he would not seek re-election, and instead endorsed his Vice President, Kamala Harris. That will be followed by the Federal Reserve's preferred inflation gauge, the PCE index, at 8:30 a.m. on Friday. Economists expect the June Core PCE index to rise 2.5% year over year, which is not far off from the Fed's long-term inflation target of 2%.

Persons: Kamala Harris, —, Joe Biden, Harris, Donald Trump, Trump's, JD Vance, Alex Saunders Organizations: Service, Technology, Nasdaq, Trump, Citi, Federal, Here's Locations: California

☆ Stock market today: Tech drives market rebound as investors brace for earnings and fresh data
▼ + stars: | 2024-07-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The tech sector drove US stocks higher on Monday ahead of key economic data releases this week. The Nasdaq 100 and S&P 500 both rose over 1%, reversing some of last week's sharp decline. AdvertisementUS stocks surged on Monday, with technology stocks leading the way as investors brace for a slew of earnings results and economic data. Investors will be focused on two big economic data points this week, as well as a steady flow of second-quarter earnings results. AdvertisementThat will be followed by the Federal Reserve's preferred inflation gauge, the PCE index, at 8:30 a.m. on Friday.

Persons: — Organizations: Nasdaq, Service, Federal, Visa, Texas Locations: Fundstrat, Here's

Apple got a price target increase from Wells Fargo. As catalysts, Boss cited broad-based demand for Abercrombie, growth upside for Hollister and a ramp-up in Abercrombie's international brand momentum. Analyst James Faucette also lifted his price target to $175 from $154. Fidelity National Information Services stock closed at $75.25 on Friday afternoon, slightly below analyst James Faucette's $79 price target. — Lisa Kailai Han 5:51 a.m.: Wells Fargo raises Apple price target Wells Fargo is getting more bullish on Apple ahead of earnings.

Persons: Apple, Guggenheim, Fitch, Matthew Boss, Abercrombie, Boss, — Lisa Kailai Han, Morgan Stanley, James Faucette, Clover, Faucette, Raymond James, Estee Lauder, Olivia Tong, Tong, James Faucette's, Piper Sandler, Harsh Kumar, Kumar, NVDA, CrowdStrike, John DiFucci, DiFucci, Wells, Aaron Rakers, Fred Imbert Organizations: CNBC, Tech, Apple, JPMorgan, Abercrombie, Abercrombie & Fitch, Fitch, Fidelity National Information Services, Blackwell, Nvidia, Guggenheim, Apple Intelligence Locations: Wells Fargo, CrowdStrike, Hollister, Fiserv, U.S, China, CSPs

☆ Croatia: Assailant kills five people at care home for the elderly, media reports say
▼ + stars: | 2024-07-22 | by ( Story Associated Press | ) edition.cnn.com time to read: +1 min

Zagreb, Croatia AP —An assailant entered an elderly care home on Monday in central Croatia, killing and wounding several people, Croatian police said. Media reports said five people were killed. The Index news portal said five people died immediately, while others were still receiving medical assistance. The suspect fled the scene, but the police soon caught him in a cafe near the facility in the town of Daruvar, the report said. Police said they were informed after 10 a.m. Monday that a man using firearms killed and wounded several people at the nursing home.

Persons: ” Organizations: Croatia AP, Media, Police, Authorities Locations: Zagreb, Croatia, Daruvar, Slavonia

☆ I've worked on cruise ships for years. Here are 6 things passengers should stop wasting money on.
▼ + stars: | 2024-07-22 | by ( Erica Depascale | ) www.businessinsider.com time to read: +4 min

As someone who has worked with major cruise lines for almost a decade, I've compiled a list of things tourists should stop wasting money on. Most onboard nail salons are quite limitedSave yourself the money and disappointment, and get your nails done before your cruise. You don't know what safety and security you'll get when you book independently, so spend your money wisely. Since most guests just cruise for a week, it doesn't really make sense to pay for this service. AdvertisementPack enough outfits for the cruise, keeping in mind people typically change multiple times a day depending on the activities and events.

Persons: —, I've, Erica DePascale It's, doesn't Organizations: Service, Business

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