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☆ American forecasts lower unit revenue, says took 'aggressive' action after sales strategy backfires
▼ + stars: | 2024-07-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. American Airlines is forecasting a drop in unit revenue of as much as 4.5% for the third quarter as high demand failed to make up for an industry-wide glut of flights that have forced airlines to slash fares. The carrier's profit fell 46% during the second quarter even though revenues rose. The carrier has been grappling with an industry-wide oversupply of flights and a direct-to-consumer sales strategy it adopted that backfired. It said in an earnings release Thursday that it has "taken swift and aggressive action to reorient its sales and distribution strategy" after complaints from travel agents and customers.

Organizations: American Airlines Boeing, San Diego International Airport, San Diego , California . American Airlines Locations: Phoenix, San Diego , California, American

☆ Unilever pops 6% on guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025
▼ + stars: | 2024-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Tubs of Ben & Jerry's ice cream in a store freezer in London, UK, on Thursday, April 25, 2024. Unilever Plc said it wanted to shed its ice cream division, which generates around 8 billion ($8.5 billion) in annual sales, in a bid to reverse years of lackluster performance. Unilever shares popped 6.8% on Thursday morning, after the consumer goods giant raised its full-year margin guidance and said the spinoff of its ice cream business was on track to complete by the end of 2025. Beauty and well-being expanded 7.1%, while ice cream lagged other segments with just 0.6% of growth. Organic sales growth came in at 3.9% in the second quarter, missing expectations of a 4.2% expansion forecast by a company-compiled consensus.

Persons: Knorr, Domestos, Jerry's, Jefferies Organizations: Unilever Plc, Unilever Locations: London, British

☆ Tom Lee says the rotation out of large caps is just beginning, small caps to surge 15% in August
▼ + stars: | 2024-07-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite suffered their biggest one-day losses since late 2022, dropping 2.3% and 3.6%, respectively. The small-cap Russell 2000 was a relative outperformer, ending the day down 2.1%. The Russell is up 7.2% month to date, while the S & P 500 and Nasdaq have fallen 0.6% and 2.2%, respectively, during that time. "I think for the month of August small caps can do something more than 15% even, because they underperformed so dramatically. And the type of move we've seen just the last two weeks is something that only happens at the start of a pretty significant advance for small caps."

Persons: Tom Lee, Russell, Lee, Donald Trump, Trump, we've Organizations: Fundstrat Global Advisors, Nasdaq, Trump White House, Nvidia

☆ Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
▼ + stars: | 2024-07-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021. SK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its leadership in advanced memory chips critical for artificial intelligence computing. Here are SK Hynix's second-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Revenue: 16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won Operating profit: 5.47 trillion Korean won, vs. 5.4 trillion Korean wonOperating profit in the June quarter hit its highest level since the second quarter of 2018, rebounding from a loss of 2.88 trillion won in the same period a year ago. The South Korean giant supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia. High-bandwidth memory chip supplies have been stretched thanks to explosive AI adoption fueled by large language models such as ChatGPT.

Persons: LSEG, SK Kim, Kim Organizations: SK Hynix, SK Hynix's, Nvidia, SK, Daiwa, Micron, Samsung Locations: Seongnam

☆ Real estate investors weigh in on how passive rental income really is: 'It's like having an expensive puppy'
▼ + stars: | 2024-07-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

If you google "passive income ideas," one of the first strategies that pops up is to buy a rental property. Even those with property managers have described having to "manage the property manager." Buying rental properties is "expensive like a puppy," he added. They've learned that, "the more hands-on you are, the more money you're going to make," said Jervais. One, their long-term rental properties are newer, so they naturally have fewer maintenance requests and upkeep.

Persons: I'm, Matt, it's, Matt H Natia, Jervais Seegars, They've, Karina Mejia, aren't, Mejia, Jervais, Jim Resonable, she'd Organizations: Service, Business, EVO Real Estate Locations: New Hampshire, Boston, Augusta , Georgia, North Carolina , California, Georgia

☆ Oil prices ease on concerns over weak China demand, Mideast ceasefire talks
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +2 min

Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel by 0129 GMT. This year, China's oil imports and refinery runs have trended lower than in 2023 on lower fuel demand amid sluggish economic growth, according to government data. "If Middle East ceasefire talks progresses, U.S. equities continue to slide, and China's economy remains sluggish, oil prices could fall to early June levels," said Satoru Yoshida, a commodity analyst with Rakuten Securities.

Persons: Hiroyuki Kikukawa, Kikukawa, Joe Biden, Benjamin Netanyahu, Satoru Yoshida Organizations: Brent, . West Texas, Energy Information Administration, NS, Nissan Securities, Hamas, U.S, Congress, Rakuten Securities Locations: China, Israel, Gaza, Egypt, Qatar

☆ Southwest profit falls 46% as airline takes 'urgent' steps to increase revenue
▼ + stars: | 2024-07-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Southwest Airlines airplanes are serviced at their gates at Fort Lauderdale-Hollywood International Airport on May 18, 2024, in Fort Lauderdale, Florida. Shares of Southwest fell 4% in premarket trading Thursday. Revenue per available seat mile, a gauge of airline pricing power, fell 3.8%, roughly in line with Southwest's reduced forecast last month. Southwest reported adjusted per-share earnings of 58 cents a share, above analysts' expectations. The airline is in the middle of an overhaul as pressure mounts from investors to do more increase revenue.

Persons: Bob Jordan, Jordan Organizations: Southwest Airlines, Hollywood International Airport, Southwest, Boeing, Elliott Investment Management, Delta Air Lines, United Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, U.S

☆ Strong earnings from industrial AI play Dover prove the stock belongs in our portfolio
▼ + stars: | 2024-07-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Dover's active portfolio management and commitment to capital returns sweeten the investment case. Tobin said the moves will boost Dover's clean-energy portfolio and decrease its exposure to more cyclical capital equipment businesses. I think that what's doing better than planned as the margin performance of the business has just been exemplary through the quarter," Tobin said. Guidance Dover now expects adjusted full-year earnings per share between $9.05 and $9.20, up from its previous range of $9.00 to $9.15. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Ingersoll Rand, Jim Cramer, Richard Tobin, Tobin, Encouragingly, It's, Marshall Excelsior, Demaco —, we've, That's, it's, DOV YTD, Dover, biopharma —, Danaher, he's, Jim Cramer's, DOV, Jim, Rafael Henrique Organizations: LSEG, IDEX Corp, Dover, Environmental Solutions Group, Engineered Products, Management, Solutions, Sustainability Technologies, Sustainability Tech, Environmental Solutions, CNBC, Getty Locations: Dover, Veralto, Michigan, biopharma

Neumann noted the latest Europol data showed “the number of attacks and planned attacks has more than quadrupled” since 2022. The apparent uptick in the recruitment of young radicals to carry out acts of terror comes as European security officials express worries at a potential resurgence of organized – or “directed” - terror attacks. The group has built a remarkable presence in Turkey over the past three years, according to court documents and analysts. Swiss police in March arrested a 15-year-old Swiss boy and a 16-year-old Italian boy for ISIS support and plotting bomb attacks, according to a police statement. Yulia Morozova/ReutersThe extent of ISIS-K’s use of Turkey as a transit hub is acknowledged by officials in the Turkish indictment.

Persons: Peter Neumann, Neumann, ”, ” Neumann, “, Lise Jaulin, Dilara Senkaya, “ Rustam, Rustam, Yulia Morozova Organizations: CNN, ISIS, Paris Olympics, King’s College London, MIT, Swiss, Analysts, Soviet Union, Turkish, Italian Santa Maria Catholic Church, Foreign Operations, Hall, Foreign Locations: Europe, West, Paris, Islamic, Khorasan, Central Asia, Turkey, Saint, French, France, Haute, Savoie, Dusseldorf, Heidelberg, Montenegro, Austria, Afghanistan, Tajikistan, Moscow, Italian, Istanbul, Swedish, Pakistan, Tajik, Iran, Russia, Crocus, Syria, Iraq

☆ Stocks making the biggest moves premarket: American Airlines, Honeywell, RTX, Ford and more
▼ + stars: | 2024-07-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Southwest reported 58 cents in adjusted earnings per share on $7.35 billion of revenue. Analysts surveyed by LSEG were looking for a profit of 51 cents per share on $7.32 billion in revenue. RTX reported $1.41 earnings per share, ex-items, compared to analysts' estimate of $1.30 per share, according to LSEG. KLA reported adjusted earnings of $6.60 per share, higher than analysts' expectations of $6.15 per share, according to LSEG. Ford reported adjusted earnings per share of 47 cents, significantly less than the consensus forecast of 68 cents, per LSEG.

Persons: oversupply, overshadowing, AbbVie, Dow, LSEG, Northrop Grumman, Dr Pepper, ServiceNow, CJ Desai, Molina, FactSet, Edwards, Ford, —, Yun Li, Jesse Pound, Christina Cheddar Berk, Fred Imbert Organizations: Airlines —, American Airlines, Honeywell —, Southwest Airlines —, Hasbro, IBM, Northrop, LSEG, Nasdaq, KLA Corporation, U.S . Army, Molina Healthcare, Technology, Ford, Viking Therapeutics Locations: LSEG

☆ Read about U.S. arms transfers to Israel since Oct. 7
▼ + stars: | 2024-07-25 | by ( ) www.nytimes.com time to read: +3 min

U.S. Arms Transfers to Israel Since October 7 Recent U.S. decisions to withhold certain arms transfers to Israel, resume others, and the inconsistent reporting around those decisions highlight the challenges of accounting for vital resupplies to help Israel wage an unexpected, prolonged, multifront, munitions-intensive conflict. JINSA has produced an infographic detailing publicly-listed U.S. military assistance to Israel since October 7, including withheld supplies. JINSA Because arms deliveries are not publicly disclosed, it is difficult to assess exactly which supplies the United States agreed to send since October 7, versus sales that were contracted before that date and delivered afterward - nor is this list likely to be exhaustive, given backlogged and incomplete reporting of agreed arms transfers by the Pentagon. Weapon Type AGM-114 Hellfire-2 Missiles and Precision Guided Munitions Armored Vehicles, Armaments, Personal Protective Equipment, Medical Supplies, and Ammunition Artillery Ammunition and Ancillaries: M107 155mm D Quantity of Weapons & Supplies Value of Weapons MO/YR Requested MO/YR MO/YR Appropriated Approved Delivered 3,000 Missiles Yes 10,000 Tons Through 12/23 4,792 Rounds $147.5 Million 12/23 Artillery Ammunition: M795 155mm 52,229 Rounds 12/23 Bomb Live Unit (BLU)-109 Bombs: 2,000-lb 100 Bombs Yes Cannon Ammunition: 30mm 36,000 Rounds Yes Colt M16, M4, and MK18 Rifles 44,000 Rifles $34 Million 11/23 Yes $26.675 Million 5/24 ≤50 Aircraft $18+ Billion 25 Aircraft Yes Yes ཪི་ $14.1 Billion 4/24 Colt M4A1 Carbines, Suppressors, and Flash Suppressors F-15 Tactical Fighter Aircraft F-35A Multirole Combat Aircraft High Explosive Anti-Tank Multi- Purpose with Tracer (MPAT) Tank Cartridges and Related Equipment: M830A1 120mm Iron Dome Missile Defense System Israel Security Supplemental Appropriations Act, 2024: Iron Dome and David's Sling Systems, and Iron Beam Development Joint Direct Attack Munitions (JDAM) JP-8 Jet Fuel M141 Bunker-Buster Ammunition 13,981 Rounds $106.5 Million 2 Batteries 3,000 Rounds 41,227,000 kg ≥1,800 Rounds Delivered of 3,000 Requested 12/23 Yes Yes 12/23 Yes M4 Propelling Charges Mortar Ammunition Night-Vision Devices 30,000 Charges 12/23 $60 Million 5/24 3,500 Devices Yes Skydio X10 Series Drones 100+ Drones Yes Small Diameter Bombs (SDB): Various Types 2,600 Bombs Yes Switchblade 600 Drones 200 Drones 10/23 Tactical Vehicles $500 Million 5/24 Tamir Interceptors for Iron Dome Undisclosed Number of Rounds Yes Tank Ammunition 14,000 Rounds $700 Million Unguided Bombs: MK82 500-lb Unguided Bombs: MK82 500-lb 6,500 Bombs Unguided Bombs: MK84 2,000-lb 1,700 Bombs 14,000 Bombs Unguided Bombs: MK84 2,000-lb 1,800 Bombs 12/23 Yes 6/23 Yes Yes Yes DDDD Currently Reported to be Suspended Recently Unsuspended Transfers

Persons: ཪི, Tamir, DDDD Organizations: Pentagon, Guided Munitions, Vehicles, Armaments, Medical Supplies, Artillery, MK18 Rifles, Colt, Fighter Aircraft, Dome Missile Defense System Israel, Systems, Beam, Attack Munitions, Buster, Iron Locations: Israel, States

☆ What to expect from Paris during the 2024 Summer Olympic Games
▼ + stars: | 2024-07-25 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +9 min

Paris CNN —The 2024 Summer Olympic Games formally get underway on Friday with an incredibly unique Opening Ceremony aimed at putting one of the world’s most famous cities on display. PARIS, FRANCE - JULY 24: A view of Trocadero Square, the venue for the Paris Olympics opening ceremony, with the Eiffel Tower in the background, on July 24, 2024 in Paris, France. The 2024 Summer Games were organized with a mind to put the entire French nation on display, including its more tropical territories. A Games focused on sustainabilityPARIS, FRANCE - MARCH 14: The Paris 2024 logo, representing the Olympic and Paralympic Games four months prior to the start of the Paris 2024 Olympic and Paralympic games is displayed on the facade of Paris town hall on March 14, 2024 in Paris, France. The Opening Ceremony of the Paris 2024 Olympic Games takes place on Friday 26th July, along the River Seine.

Persons: Paris won’t, Pont Alexandre III, Sheng Jiapeng, they’re, It’s, Pascal Le Segretain, ”, Georgina Grenon, Paris ’, Laurent Michaud, Martin Rickett, –, Alexandre III Organizations: Paris CNN, Games, Eiffel, Concorde, Paris, China News Service, Getty, Covid, Paris Olympics, Chateauroux, Olympic, Paralympic Games, Paralympic, CNN Locations: Paris, France, of, Versailles, PARIS, FRANCE, Tokyo, China, Nice, Marseille, Bordeaux, Nantes, Lyon, Tahiti, Seine

☆ Alphabet stock tumbles on mixed earnings results, but Goldman sees 25% upside ahead on AI strength
▼ + stars: | 2024-07-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Alphabet stock dropped Wednesday after earnings as Wall Street parsed mixed results. AdvertisementAlphabet stock slid Wednesday as investors digested second-quarter results that beat earnings estimates but fell short in other key areas. The mixed results sent the stock down 5% in Wednesday afternoon trading, but Goldman Sachs analysts say they remain optimistic about the company's artificial intelligence opportunities. Goldman Sachs was upbeat in its analysis, raising Alphabet's price target from $211 to $217 in a note after the company released earnings. AdvertisementGoldman says its optimism comes largely from Alphabet's AI opportunity.

Persons: Goldman Sachs, —, Goldman, Sundar Pichai, Pichai Organizations: Service, YouTube, Wall

☆ The Solution for High Rents and Home Prices: Fewer Stairs
▼ + stars: | 2024-07-24 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

More specifically, they're taking aim at a widespread rule that requires almost every new apartment building in the US to include at least two separate stairwells. This part of local codes, they say, is an outdated safety measure that really just makes apartment units smaller, more expensive, and darker (yes, darker). City planners there sometimes call these single-stair buildings "Seattle Specials" — they simply wouldn't be possible in pretty much any other city. Almost all of Europe, as well as Asia, Mexico and South America, allows single-stair buildings of six stories or higher. Germany allows single-stair buildings to stretch to about 20 stories, while Switzerland has no such limit.

Persons: Chris Gannon, Gannon, Stephen Smith, Michael Eliason, Eliason, James F, Brian Court, We're, Sean Jursnick, Jursnick Organizations: City Council, Center for, Housel, Miller Hull Partnership, Eliason, City, Fire Protection Association Locations: Texas, Austin, Seattle, New York City, America, California, Minnesota, Washington and Oregon, North America, It's, Union, Seattle's, Hill, Denver, Europe, Asia, Mexico, South America, Germany, Switzerland, Honolulu, California , Oregon, Washington

☆ How startups can get in top shape for an IPO, according to Silicon Valley lawyer Louis Lehot
▼ + stars: | 2024-07-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

Louis Lehot, a Silicon Valley law-firm partner, specializes in taking companies from startup to IPO. The IPO market is expected to pick up later this year, so Business Insider emailed Silicon Valley lawyer Louis Lehot, a partner at Foley & Lardner, for advice on how startups should prepare for life as public companies. Are public market investors generally keen to invest in IPOs, or are they focused elsewhere? Public market investors are selective, focusing on established profitability and sustainable growth over speculative, high-growth stories. What are the key process changes companies need to make ahead of an IPO?

Persons: Louis Lehot, Lehot, —, Lardner, Collison Organizations: Service, Foley, Healthcare, Biotech, Green Energy, Enterprise, Street, Investor

☆ We're slashing our rating on Ford after the automaker's old issues come back to haunt it
▼ + stars: | 2024-07-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

However, Ford went 0 for 2 on Wednesday as an old enemy in warranty expenses returned to bite the Blue Oval. And it's an even more unfortunate setback because Ford management said on its April earnings call that the company has made "real progress" on its goal of making better vehicles. The best story at Ford remains Ford Pro , the unit that houses the company's fleet and commercial vehicles. But last quarter management said the business was tracking toward the higher end of the range, and that no longer appears to be the case. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.

Persons: FactSet ., Motors, Ford, Morgan Stanley, Adam Jonas —, JD Power's, It's, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford, LSEG, FactSet, General Motors, Tesla, Ford Model, Revenue, Ford Pro, Super Duty, CNBC, Ford Dearborn Plant, Getty Locations: Ford, management's, Dearborn , Michigan

☆ At Camp Female Founders Fund in the Hamptons, women in tech and commerce toast another year of survival, deals, and Taylor Swift
▼ + stars: | 2024-07-24 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Anu Duggal, a founding partner of Female Founders Fund, launched the event during the pandemic to assuage some of the loneliness founders felt. AdvertisementEmily Middleton and Anu Duggal of Female Founders Fund share a laugh onstage during their opening remarks. Yumi Matsuo StudioSince its pandemic beginnings, Camp FFF has evolved into a rare and necessary sanctuary where female founders can connect and sometimes commiserate. Yumi Matsuo StudioIn the tasting room, guests set down cups of cold brew and picked up notebooks before taking their seats. Anu Duggal of Female Founders Fund traded the venture capital uniform of a Patagonia fleece vest for a flamingo-pink pantsuit.

Persons: —, Candace Bushnell, Anu Duggal, Lydia Fenet, Emily Middleton, Yumi Matsuo, Middleton, ChatGPT, Poppy Harlow, Kyle Leahy, Glossier's, Emily Weiss, Leahy, Taylor Swift, Matsuo, Arey, Allison Conrad, Melanie Goldey, Amanda E, J Morrison, Julie Products, Hayley Barna, Barna, Birchbox, Christie Horvath, Horvath, Stephanie Horton, Marina Organizations: Service, Fund, FFF, Business, Tally Health, Google Locations: Southampton , New York, Patagonia

☆ New Zealand enquiry finds 200,000 children and vulnerable adults abused in care, leader says ‘we should have done better’
▼ + stars: | 2024-07-24 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

CNN —New Zealand Prime Minister Christopher Luxon expressed regret on Wednesday after a public enquiry found some 200,000 children, young people and vulnerable adults were abused in state and religious care over the last 70 years. Prime Minister Christopher Luxon speaks during the release of The Royal Commission of Inquiry into Abuse in Care report on July 24, 2024 in Wellington, New Zealand. Hagen Hopkins/Getty ImagesThe report by Royal Commission of Inquiry spoke to over 2,300 survivors of abuse in New Zealand, which has a population of 5.3 million. The inquiry detailed a litany of abuses in state and faith-based care, including rape, sterilisation and electric shocks, which peaked in the 1970s. Those from the Indigenous Maori community were especially vulnerable to abuse, the report found, as well as those with mental or physical disabilities.

Persons: Christopher Luxon, ” Luxon, Hagen Hopkins, Pope, of, Charlotte Graham, Luxon, ”, Tracey McIntosh Organizations: CNN, Zealand, Royal Commission of, Royal Commission, Safe Agency, University of Auckland Locations: New, Wellington , New Zealand, New Zealand, of Canterbury

☆ Ford keeps having to repair customers’ new cars and trucks. Its profit is plunging and its stock tumbled
▼ + stars: | 2024-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

New York CNN —Shares of Ford fell more than 11% in after-hours trading Wednesday after the automaker reported much weaker than expected earnings. The company said it was compelled to set aside more money to cover the cost of repairing customers’ vehicles. That badly missed analysts’ forecasts of earnings per share of 68 cents a share. It was the nearly 50% drop in operating profit in Ford Blue, which includes traditional gasoline-powered cars and truck sales to consumers, that hurt its bottom line. Ford Pro, which includes fleet sales to businesses and governments, reported a modest gain in operating profits.

Persons: Ford, ”, John Lawler Organizations: New, New York CNN, Ford, Ford Pro, Revenue Locations: New York

☆ I'm a public school teacher trying to save money for grad school. I'm on my parents' phone plan and they pay for my tickets to see them.
▼ + stars: | 2024-07-24 | by ( Jacqueline Lekachman | ) www.businessinsider.com time to read: +4 min

Swiping through photos of the renovated Manhattan apartment her parents had just purchased for her, I felt a twinge of longing. AdvertisementBeing a public school teacher can make New York City really expensiveI pay for my own rent, utilities, healthcare, food, clothes, entertainment, and other expenses — which add up in New York. As a result, I budget and invest my money seriously because, let's face it, I'm not rolling in cash as a 23-year-old public school teacher. My parents' approach means I'm thoughtful when spending moneyDespite challenges, though, I appreciate that my parents encourage my financial independence. But ultimately I know my parents' expectations are fair and well-intentioned.

Persons: I'm, they're, Uber Organizations: Service, Netflix, NYC Locations: Manhattan, Pittsburgh, New York City, New York

☆ I've been on a ventilator for 11 years. It hasn't stopped me from getting my master's degree and working full-time.
▼ + stars: | 2024-07-24 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

AdvertisementIt took me five years to graduate college because of illnessThat's when I decided that I had NH1-PN; it didn't have me. At that age, I wasn't thinking about college because I thought I'd never be able to afford it. That's when I developed a new dream: to be the first person in my family to graduate from college. It meant a lot to be able to show them that there was no excuse for not going to college. I knew they were right, and I wasn't going to let that hold me back.

Persons: Antwan Winkfield, plexiform, That's, I'd, —, We're, I've Organizations: Service, University of Kansas, Walmart

☆ Alphabet's earnings sell-off is unwarranted. Here's how Jim Cramer would approach the stock now
▼ + stars: | 2024-07-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer called out the decline in U.S. government bond yields, saying it points to signs that "the economy is weakening." 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Ford, Estee Lauder, Cramer, Jim Cramer's Organizations: CNBC, Apple, Google, RBC Capital

☆ IBM shares jump on earnings and revenue beat
▼ + stars: | 2024-07-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

IBM shares rose 5% in extended trading on Wednesday, after the company reported second-quarter results that surpassed analysts' predictions. Earnings per share: $2.43 adjusted vs. $2.20 expected, according to LSEG$2.43 adjusted vs. $2.20 expected, according to LSEG Revenue: $15.77 billion vs. $15.62 billion expected, according to LSEG. Revenue increased 1.9% from $15.48 billion a year ago, IBM said in a statement. IBM said its software business brought in revenue of $6.74 billion, up 7% and more than the StreetAccount consensus of $6.49 billion. That was down 0.9% and below the $5.23 billion StreetAccount consensus.

Persons: Arvind Krishna Organizations: IBM, LSEG Revenue, Revenue, Palo Alto Networks Locations: LSEG, Montreal

☆ Grayscale's $9 billion head start in ethereum is at risk as big investors launch ETFs
▼ + stars: | 2024-07-24 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

With the SEC clearing the path for ETFs, Grayscale will have a boatload of rivals, and investors can go hunting for the lowest fees. Large financial firms, including Fidelity Investments, Franklin Templeton, BlackRock and Invesco, are already on the market with their own spot ether ETFs. In their first day of trading on Tuesday, spot ether ETFs collectively saw over $1 billion in volume, with JPMorgan analysts estimating net sales of $104 million. While money poured into the new offerings, the Grayscale Ethereum Trust (ETHE) saw redemptions of $485 million. watch nowIn the bitcoin ETF market, Grayscale has been struggling to handle the flood of competition.

Persons: Jakub Porzycki, Barry Silbert's, Franklin Templeton, Morningstar's Bryan Armour, Grayscale's David LaValle, LaValle Organizations: Nurphoto, U.S, Digital Currency Group, SEC, Fidelity Investments, BlackRock, JPMorgan, CNBC Locations: Invesco, U.S

☆ Read the memo from CrowdStrike explaining how its update broke the world's computers
▼ + stars: | 2024-07-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +11 min

The issue on Friday involved a Rapid Response Content update with an undetected error. Rapid Response Content Testing and DeploymentRapid Response Content is delivered as content configuration updates to the Falcon sensor. This release followed all Sensor Content testing procedures outlined above in the Sensor Content section. Software Resiliency and TestingImprove Rapid Response Content testing by using testing types such as: Local developer testing Content update and rollback testing Stress testing, fuzzing and fault injection Stability testing Content interface testingAdd additional validation checks to the Content Validator for Rapid Response Content. Rapid Response Content DeploymentImplement a staggered deployment strategy for Rapid Response Content in which updates are gradually deployed to larger portions of the sensor base, starting with a canary deployment.

Persons: —, CrowdStrike Organizations: Delta Air Lines, Windows, Linux, IPC

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