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☆ Here's where Kamala Harris stands on the issues, from the economy to healthcare
▼ + stars: | 2024-07-21 | by ( Lloyd Lee | Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Presenting herself as a center-left politician, Harris previously ran successful campaigns in California, winning statewide races for the San Francisco District Attorney's Office, the state attorney general, and the US Senate. AdvertisementHere's where she stands on major issues:AbortionHarris has supported abortion rights since her time in the Senate. ClimateHarris previously supported policies to combat climate change, including plans to transition the US to 100% renewable energy and a carbon tax. As vice president, Harris was tasked with handling the root causes of migration to the US from Central America. Harris re-affirmed her support for LGBTQ+ rights as vice president but has not provided specific policies.

Persons: —, Kamala Harris, Joe Biden, Harris, Biden, Brett Kavanaugh, Roe, Wade, Climate Harris, She's, Donald Trump's, Sen, Bernie Sanders of, Harris waffled, Sanders, HuffPost, Alejandro Giammattei, Trump Organizations: Service, Democratic, San, San Francisco District Attorney's Office, Business, CNN, Biden, Marshall, Biden's Infrastructure Deal, Healthcare, Stat, Immigration, San Francisco DA, Senate Republicans, Republicans, GOP Locations: California, San Francisco District, Bernie Sanders of Vermont, Immigration, Central America, United States, Guatemalan, Israel, Gaza, Rafah

☆ The hottest new job in AI: chief ethics officer
▼ + stars: | 2024-07-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

The buzzy bot's technology — generative AI — could write emails, produce code, and materialize graphics in minutes. Generative AI can hallucinate, spread misinformation, and reinforce biases against marginalized groups if it's not managed properly. That's where a chief ethics officer comes in. AdvertisementRight now, though, companies aren't hiring people into these roles fast enough, according to Steve Mills, the chief AI ethics officer at Boston Consulting Group. She also engages with government leaders and other chief ethics officers.

Persons: —, ChatGPT, it's, Steve Mills, Mills, Shankar, Christina Montgomery Organizations: Service, . Companies, Mckinsey & Company, Business, Boston Consulting, Fortune, International Association of Privacy Professionals, Intelligence Locations: Var, Science

☆ Investment banking is back — and the recovery is just getting started
▼ + stars: | 2024-07-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Investment banking was the rock star of big bank earnings this season. For Club stock Morgan Stanley, investment banking revenues surged 51% year over year with equity underwriting fees jumping over 56%, and advisory fees increasing over 30% from the year-ago period. Wells Fargo's investment banking revenues, which fall underneath its corporate and investment banking (CIB) division, jumped 38% year over year. "The investments we have been making allowed us to take advantage of the market activity in the quarter with strong performance in investment advisory, trading and investment banking fees." And good news for investors, it doesn't look like the rebound in investment banking is slowing anytime soon.

Persons: Morgan Stanley, Wells, JPMorgan Chase, Goldman Sachs, Goldman, Morgan, We've, Morgan Stanley's, NII, Charlie Scharf, Ted Pick, we're, David Solomon, Donald Trump, Jim Cramer's, Jim Cramer, Jim, JPMorgan Organizations: JPMorgan, Bank of America, Citigroup, Citi, Investment, IB, Federal Reserve, Wells, CNBC, CIB, Morgan, Wall, Citibank, JPMorgan Chase, Reuters Locations: Wells Fargo, Wells, U.S

☆ What happens with Biden's war chest now that he's dropped out?
▼ + stars: | 2024-07-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Still, other Democratic megadonors, including Netflix cofounder Reed Hastings and Abigail Disney, pledged to withhold funds from the party until Biden dropped out. Where Biden's money goes nowCampaign finance experts disagree on the specifics of what the Biden campaign will be able to do with its money. The Biden campaign can either refund its donors, Ghosh told Reuters, or, they agreed, the campaign can pass the money back to the Democratic National Committee. Advertisement"It's really a nonargument because that money is not going to go to waste," McMillan told BI. Whoever ends up as the Democratic nominee, McMillan noted, they'll have no shortage of financial support.

Persons: —, Joe Biden, Donald Trump, Biden rambled, Biden, Reed Hastings, Abigail Disney, Charles Spies, Kamala Harris, Spies, Harris, Saurav Ghosh, Ghosh, Dan McMillan, — Biden didn't, McMillan Organizations: Service, Sunday, Business, Democratic, Trump, Associated Press, Netflix, Republican, Street Journal, Federal, Reuters, Democratic National Committee, Save Democracy Locations: America

☆ Running the Packers Is Complicated. A Sense of Humor Helps.
▼ + stars: | 2024-07-20 | by ( Ken Belson | ) www.nytimes.com time to read: +1 min

On a sunny summer day two years ago, Mark Murphy hosted one of the most unusual events in corporate America: the Green Bay Packers’ annual meeting. He speaks bluntly, eschews jargon and disarms critics with a dry sense of humor. He said the Packers would play the most games in prime time of any team, a sign of their success and popularity. Next year, he will hit the Packers’ mandatory chief executive retirement age of 70 and must step down. Ed Policy, the team’s chief operating officer and general counsel, was chosen last month as his successor and will take over next July.

Persons: Mark Murphy, Murphy, ”, Ed Organizations: Green Bay Packers, —, Packers Locations: America, Wisconsin

☆ EA college football is back after over a decade. The game and its fans are a lot different now
▼ + stars: | 2024-07-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Courtesy: EA SportsThe 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. A new eraThe college football game, previously titled NCAA Football, was typically a smaller product for EA, at least compared to titles like Madden. Beyond the gameplay, the changes to the video game also reflect some massive shifts in college football itself, including the advent of the College Football Playoff. A decade ago, college football players had strict restrictions around making money outside of their scholarship. EA Sports College Football 25.

Persons: they've, Anthony Bencomo, Bencomo, Bill Long, Long, Eric Handler, Roth, Madden, Lucas Dolengowski, Dolengowski, Sports Bencomo, I've adulted Organizations: EA, EA Sports College Football, Electronic, XBox, PlayStation, Football, eBay, Sports, College Football, Sports What's Locations: Orlando, Sacramento, Madison , Alabama

☆ 'The S&P 500 is incredibly dangerous': Why Warren Buffett's favorite valuation indicator is flashing a warning for stocks
▼ + stars: | 2024-07-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The Buffett Indicator is indicating US stocks might be overvalued. AdvertisementWarren Buffett's favorite stock market valuation indicator just hit a record high, signaling that stocks might be highly overvalued. The stock market experienced a painful year-long bear market shortly after the Buffett Indicator peaked in November 2021. But despite the Buffett Indicator's flaws, it is flashing a big warning signal for stock market investors at current levels, according to Bloomstran. Advertisement"I think it's screaming the cap-weighted stock market, the Wilshire 5000 [and] the S&P 500, is incredibly dangerous today.

Persons: Warren Buffett, Buffett, —, Warren, Riley, Paul Dietrich, Chris Bloomstran, Semper Augustus, Bloomstran Organizations: Service, Buffett

☆ China economy and employment: People who used to work for major tech giants are now doing manual labor
▼ + stars: | 2024-07-20 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +8 min

Li, 27, is part of a growing base of Chinese workers swapping high-pressure office jobs for flexible blue-collar work. But these firms are slowly losing their appeal as China’s economy faces headwinds including a property crisis, declining foreign investment and slumping consumption. The trend to move from professional to manual jobs comes amid surging demand for blue-collar workers, according to Chinese recruitment platform Zhaopin. And blue-collar workers’ pay has also gone up, attracting more people to jobs they might have previously avoided. Pressure of another kindBut some wonder if blue-collar work is truly the stress-free refuge people like Li and Wang imagine it to be.

Persons: Hong Kong CNN — Leon Li, ”, Li, “, Alice Wang, Wang, –, Larry Hu, Zhang Yuxiao, David Goodman, commenter Organizations: Hong Kong CNN, CNN, National Bureau of Statistics, Workers, NBS, University of Sydney’s China Studies Centre Locations: China, Hong Kong, Hangzhou, Chengdu, –, Macquarie, Shanghai

☆ The No. 1 factor to consider when investing in new clothes—anything else is a 'waste of money'
▼ + stars: | 2024-07-20 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

The idea is to have a streamlined closet with a limited number of basic clothing items you can mix and match. She says neglecting her personal style was one of the biggest mistakes she made while filling out her capsule wardrobe. "If you buy a piece of clothing that you don't wear often, that's a waste of money," she says. But regardless how much you spend, if it's not something you are going to wear, it's going to be a waste of money. Here are three tips to help you figure out your personal style and stop overspending on clothes.

Persons: Michela Allocca, Derek Guy, it's Organizations: of Labor Statistics, CNBC

☆ Morgan Stanley is pounding the table for these stocks, including Apple, ahead of earnings
▼ + stars: | 2024-07-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Earnings season is kicking into high gear, and Morgan Stanley named a few stocks to buy ahead of results. CNBC Pro combed through top Morgan Stanley research to find overweight-rated stocks ahead of earnings. Apple Analyst Erik Woodring elevated the tech giant to top pick status earlier this week. "Apple Intelligence is set to drive record device upgrades," the analyst wrote. Apple "Apple Intelligence is a clear catalyst to boost iPhone and iPad shipments, and our deep dive into the iPhone installed base, upgrade rates, and mix shift now points a record cycle ahead … Apple Intelligence is set to drive record device upgrades.

Persons: Morgan Stanley, Dara Mohsenian, Mohsenian, Erik Woodring, Woodring, Sanjit Singh, Singh, Datadog Organizations: CNBC, Apple, Colgate, Palmolive, Datadog, Spotify Technology, Nu Holdings, LT, Apple Intelligence, Open Finance, NU Locations: Brazil, Mexico

☆ Wall Street’s Masters of the Universe Are Masters of None in 2024 Race
▼ + stars: | 2024-07-20 | by ( Maureen Farrell | Rob Copeland | ) www.nytimes.com time to read: +1 min

It’s a bad time to be a finance billionaire. Republicans on Wall Street, who had been largely coalescing around former President Donald J. Trump’s efforts to return to office, suffered outright repudiation this week with his pick of Senator JD Vance of Ohio as a running mate. Mr. Vance, a harsh critic of corporate interests and a former venture capitalist, solidified a feeling in the world of high finance that the balance of power in the party had suddenly shifted westward to Silicon Valley. In choosing Mr. Vance, Mr. Trump brushed off personal entreaties from some of the Republican Party’s biggest donors. While accepting his nomination on Wednesday at the Republican convention in Milwaukee, he said the party was done “catering to Wall Street.”

Persons: Donald J, JD Vance, Vance, Trump, Marco Rubio, Doug Burgum, Tim Scott of, ” Organizations: Washington , D.C, Wall, Republican Locations: Washington ,, Ohio, Silicon Valley, Marco Rubio of Florida, North Dakota, Tim Scott of South Carolina, America, Milwaukee

☆ Who’s Smiling Now? Nirvana and Marc Jacobs Settle Logo Lawsuit.
▼ + stars: | 2024-07-20 | by ( Annie Aguiar | ) www.nytimes.com time to read: 1 min

Oh, that lawsuit Nirvana filed against the fashion line Marc Jacobs for using its smiley face logo without permission? After more than a half-decade of litigation, the sides have agreed to settle. The corporate entity representing Nirvana sued Marc Jacobs International in 2018 after the fashion line announced it would release a “Bootleg Redux Grunge” collection of clothing that featured a smiley face logo the lawsuit called “virtually identical to Nirvana’s copyrighted image." Nirvana’s smiley face has an uneven head, X’s for eyes and a wavy smile with a tongue sticking out on the right side of its face. Marc Jacobs’s smiley face, which was part of both clothing designs and general marketing promotion for the collection, looks the same but swaps in an “M” and “J” for the X’s.

Persons: Marc Jacobs, Marc, J ” Organizations: Marc Jacobs International

☆ The Crowdstrike outage and global software's single-point failure problem
▼ + stars: | 2024-07-20 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +3 min

In this article CRWD Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe frequency of large-scale attacks on corporate enterprise IT is increasing. Earlier this year, AT&T had a nationwide outage attributed to a technical update. Selcuk Acar | Anadolu | Getty ImagesSingle-point failure risk management is an issue that companies need to plan for and protect against. Companies that the Chertoff Group works with are closely reviewing software development and update standards in the wake of the CrowdStrike outage. That's likely after the recent string of incidents, from AT&T to the FAA and CrowdStrike, since this type of technical failure has now been shown to impact the lives of citizens and operations of critical infrastructure on a widespread basis.

Persons: Chad Sweet, Selcuk, doesn't, Sweet, That's, Aneesh Chopra Organizations: Microsoft, FAA, Staff, Department of Homeland Security, CNBC, Anadolu, Getty, Companies, Chertoff, White House Locations: New York City, United States, Arcadia

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

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

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

☆ Goldman's global head of equity research shares 2 fundamental issues with the AI craze — and how to prepare for a bubble pop
▼ + stars: | 2024-07-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +10 min

And to him, AI doesn't exhibit the signs of a truly groundbreaking innovation like the ones he's seen before. AdvertisementAI comes with a trillion-dollar price tagIt's no secret that AI technology isn't cheap. Advertisement"A lot of people say, 'Well, we'll be able to replace call centers with AI,'" Covello said. However, once it encounters unfamiliar situations outside its training set, AI doesn't have the ability to reason like humans do. If AI doesn't actually have the ability to conduct higher-order reasoning, it won't leave a trillion-dollar impact on the economy.

Persons: —, Goldman Sachs's Jim Covello, Covello, Goldman Sachs, it's, buildout, we'll, Tesla, who've Organizations: Service, Business, Investors, Nvidia, Amazon, CVS, Big Tech Locations: Netherlands

☆ Ryan Serhant, who's sold $10 billion in real estate over 16 years, swears by his '1,000-minute rule'
▼ + stars: | 2024-07-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

"There's no boss, there's no mentor," Serhant recalled to Business Insider. "The 1,000-minute rule helps me stay quick in my decision tree," Serhant explained. AdvertisementView each day as a time bank, with a fresh $1,000 depositWith 1,000 minutes at his disposal each day, Serhant views his day in 15-minute chunks. Running your own business, Serhant explained, involves both big ambitions, like his desire to become New York's top brokerage, and quick tasks. The 1,000-minute rule can be grueling and rewardingThe biggest downside to the 1,000-minute rule is its inflexibility, Serhant told BI.

Persons: —, Ryan Serhant, there's, Serhant, — Serhant, Crystal Cox, Ryan Organizations: Service, Business, New, YouTube, Netflix Locations: New York City, Manhattan's Soho

☆ Corporate Workers Get a Snow Day in July Because of Outage
▼ + stars: | 2024-07-19 | by ( Emma Goldberg | ) www.nytimes.com time to read: +1 min

For millions of people, the global technology outage on Friday was a source of distress. But for a small group of corporate workers, the global outage brought a welcome kind of chaos: a snow day in the middle of July. Some workers affected by the outage shared images of their computers on social media captioned “happy international blue screen day,” referencing the error messages that overtook screens during the outage. On TikTok, users posted about clocking in only to find “the blue screen of death” (or hoping they would, for an extra day off). JPMorgan, Bank of America and BlackRock were among the large financial firms affected.

Persons: Ferris Organizations: Hospitals, Fortune, JPMorgan, Bank of America, BlackRock Locations: cubicles

☆ The massive IT outage is a disturbing reminder of how dependent we all are on just a few companies
▼ + stars: | 2024-07-19 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIf you had to fly, log in to your bank account, or go for elective surgery, a massive IT outage Friday offered a reminder: We're all in this technical morass together. "And when it's combined with the Microsoft platform, which it was in this instance, that's really going to amplify the disruptions that you're seeing." "It's going to make it harder for the government to issue and maintain regulatory structures," he said of the decision. "That's really not going to happen when you've got 85% of the infrastructure in private sector hands," he said.

Persons: —, CrowdStrike, Chris Cummiskey, Cummiskey, Charles Hosner, it's, Hosner, that's, you've Organizations: Service, Business, Cummiskey Strategic Solutions, US Department of Homeland Security, Microsoft, Boston Consulting, LinkedIn, DHS, White Locations: Netherlands, Belgium, Washington

☆ I quit my 6-figure tech job when my mental health collapsed. My only responsibility now is to make myself happy.
▼ + stars: | 2024-07-19 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I worked my way up in my first company quickly and began earning a six-figure salary when I was 30. I felt really isolated, and it affected my mental health. I felt like my hard work went unappreciatedI tried to move to Chicago last year, but it didn't work out. It's been such a relief already, and the possibilities feel endlessJust making the decision helped my mental health — particularly my anxiety.

Persons: —, Rachel Stolba, I'm, I'd, unappreciated, didn't, Chicago wouldn't, I've, It's, it's, Lauryn Haas Organizations: Service, Business, Culver City, lhaas@businessinsider.com Locations: Los Angeles, America, New York, LA, Chicago, Morocco, Madrid, Mexico, Spanish, Culver, Central America, Costa Rica, San Juan del Sur, Nicaragua, Sayulita

☆ Banks Hit With Service Glitches
▼ + stars: | 2024-07-19 | by ( Michael J. De La Merced | More About Michael J. De La Merced | ) www.nytimes.com time to read: 1 min

Financial transactions around the world were affected by a tech outage on Friday, hampering operations as workers at several firms struggled to log into their corporate systems. Employees at companies including JPMorgan Chase and Instinet, a brokerage firm owned by the Japanese bank Nomura, have had trouble gaining access to their work stations, according to people with knowledge of the matter who spoke on condition of anonymity. That has led to delays in some trades, though the companies have been working on workarounds, the people said. The London Stock Exchange said that its RNS corporate news service was unable to publish, citing a “third-party global technical issue” that it was investigating. The exchange operator added that the matter was not affecting securities trading and other services.

Organizations: Employees, JPMorgan Chase, Nomura, London Stock Exchange

☆ 8 of the biggest stock market crashes in history — and how they changed our financial lives
▼ + stars: | 2024-07-19 | by ( Rebecca Reisner | Richard Richtmyer | ) www.businessinsider.com time to read: +20 min

While the triggers for stock market crashes vary, the ultimate outcome is always the same: the market recovers. Here's a summary of eight of the most notable stock market crashes in history, their causes, and their fallout. Stock market crash FAQWhat happens when a stock market crashes? Numerous things can cause a stock market to crash, including:PanicNatural or man-made disastersEconomic crisesSpeculationCan a stock market crash be prevented? Unlike a bear market, stock market corrections are often short and usually work themselves out.

Persons: It's, Terry Marsh, Here's, Stocks, Carola Frydman, J.P, Morgan, —, Blair Hull, Alan Greenspan, Marc Chandler, Marsh, weren't, Tyler Muir, Thai bhat, Paula Bronstein, Stringer, Chandler, chipmaker, WebVan.com, Muir, The, Lehman Brothers, NICHOLAS ROBERTS, homebuyers, Bear, Lehman, Fannie Mae, Freddie Mac, Dodd, Frank Wall, Europe —, Italy — Organizations: Federal Reserve System, SEC, FDIC, Haas School of Business, University of California, Federal Reserve, United Copper Company, UCC, Kellogg School of Management, Northwestern University, Federal, System, Dow Jones, Gross, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Dow, Nasdaq, Chicago, Black, Bannockburn Global Forex, UCLA Anderson School of Management, Getty, Asia, International Monetary Fund, chipmaker Qualcomm, The Sarbanes, Oxley, Investors, Financial, Bear Stearns, Lehman Brothers, Nikkei, US, Asset, Frank Wall Street Reform, Consumer, Consumer Financial, Dow Jones Industrial, Center, Budget, Stock, Corrections Locations: University of California Berkeley, AFP, Iran, Bannockburn, Japan, Thai, Asia, Thailand, Malaysia, Indonesia, South Korea, COVID, China, Europe, Italy, Chevron

The Signify Business Cash℠ Card by Wells Fargo is a no-annual-fee business credit card that simplifies earning and redeeming points and miles. The issuer is also starting from scratch with its small business cards — the new Signify Business Cash℠ Card by Wells Fargo is the only business credit card available through Wells Fargo right now. The American Express Blue Business Cash™ Card vs. the Signify Business Cash℠ CardThe American Express Blue Business Cash™ Card is a similar no-annual-fee competitor that can work well if you want to build a business relationship with Amex. Wells Fargo Signify Business Card Cardholder InsightsSome savvy individuals online have discovered that Wells Fargo appears to be introducing a line of Signify business cards, with the Signify Business Cash℠ Card potentially being just the first of several. Wells Fargo Signify Business Card Frequently Asked QuestionsWhat is the Wells Fargo Signify Business Cash Credit Card?

Persons: Wells, Wells Fargo, cardholders, You'll, — Organizations: Business, Mastercard, Theft, Capital, American Express, Express, Cash, American, Ink, Chase, Chase Sapphire, Chase Travel, United Airlines, Citi Locations: Wells Fargo, Wells, United States, Hyatt, Southwest, United

☆ Recovering from the global tech outage could be a long, arduous process
▼ + stars: | 2024-07-19 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

The CrowdStrike software at fault operates at what’s called the kernel level of a computer, a much deeper level than what more ordinary applications such as browsers or video games do. For businesses with hundreds or thousands of laptops, desktops and servers running CrowdStrike’s security software, an individual human may have to perform that process over and over and over again. Because CrowdStrike’s security software is running on countless individual computers all around the globe, the update that got pushed to those devices caused them all to shut down, virtually simultaneously. The CrowdStrike bug may have initially been conflated with the Microsoft issue because CrowdStrike’s error affected only Windows machines. As of Friday morning, Microsoft said the issue with Microsoft 365 had been resolved and that the situation was improving.

Persons: ”, Troy Hunt, CrowdStrike, Kevin Beaumont, rebooting, Ira Bailey, Kenn White, ” White, “ It’s, Andrew Peck, ” Peck, Satya Nadella, Beaumont, ” Beaumont, Olesya Dmitracova Organizations: CNN, Microsoft, Machine, ” Microsoft, Fortune, IT, Loughborough University Locations: what’s, America

☆ Earnings plus key reports on economic growth and inflation put the consumer in focus next week
▼ + stars: | 2024-07-19 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The consumer will be in focus next week as investors head into the thick of earnings season and await some major macroeconomic reports. So far, just 14% of S & P 500 companies have reported earnings results. As one strategist noted, Wall Street is about to get insight into the economy from more than half the broad market index. The thick of earnings Earnings season is off to a strong start. Credit card company Visa will be reporting next week after American Express' results this week suggested inflationary pressures have reached the higher-end consumer.

Persons: Russell, We're, Terry Sandven, Sherwin, Williams, Charles Ashley, Read, Ashley, We've, It's, Lockheed Martin, Kimberly, Clark, General, Philip Morris, Lamb Weston, Northrop, Rowe Price Organizations: Federal, Nvidia, U.S, Bank Asset Management, Nasdaq, Dow Jones, Whirlpool, Catalyst Funds, Visa, American Express, Google, Commerce, FactSet, Fed, Chicago, Verizon, Richmond Fed, Enphase Energy, Capital, Texas, Williams, Comcast, General Motors, United Parcel Service, Philip Morris International, GE Aerospace, PMI, O'Reilly, Grill, Business Machines, Vegas Sands, Ford Motor, Technology, NextEra Energy, GE, . Kansas City Fed Manufacturing, American Airlines, CBRE, Valero Energy, Hasbro, Tractor Supply, Northrop Grumman, Southwest Airlines, Honeywell International, Norfolk Southern, Rowe Price Group, Myers Squibb, Colgate, Palmolive Locations: —, Freeport, McMoRan, Vegas, . Kansas, Michigan, Bristol

☆ Outbrain is closing in on a deal to merge with Altice-owned adtech company Teads
▼ + stars: | 2024-07-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Read previewContent recommendation firm Outbrain is closing in on a deal to acquire or merge with Teads, the adtech company owned by European telecommunications giant Altice, according to four sources familiar with the matter. Spokespeople for Outbrain and Teads said it was company policy not to comment on M&A speculation. Teads parent company Altice International reported net debt of 9.2 billion euros, around $10 billion, at the end of the first quarter, while Altice France had some 24 billion euros, about $26 billion, in debt in the same period. AdvertisementTeads reported 601 million euros ($654 million) in revenue in 2023, down 5.5% from the prior year. Its adjusted earnings before income tax depreciation and amortization were 157 million euros ($170 million), an 8.7% decrease from 2022.

Persons: —, Outbrain, couldn't, Teads, it's, Taboola, Patrick Drahi, pare, Altice, Moody's, Morgan Stanley Organizations: Service, Business, Altice, chum, CNN, Fox News, Altice International, Drahi Locations: Altice France, USA, France

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