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A senior administration official told Politico: "He doesn't take advice from anyone other than those few top aides, and it becomes a perfect storm because he just gets more and more isolated from their efforts to control it." One source close to Biden's campaign told Politico: "If I'm talking to Anita, and I say, 'what about X?' Related storiesA senior administration official Politico spoke to also accused Biden of being unpleasant to be around when he's being briefed. Advertisement"It's like, 'You can't include that, that will set him off,' or 'Put that in, he likes that,'" the official told Politico. "I think he has misplaced trust in these three people, and I believe he has from the inception," Morgan told Politico.
Persons: , Joe Biden's, White, Biden, Anita Dunn, Bob Bauer, Ron Klain, Anita, he's, John Morgan, Morgan, Biden didn't Organizations: Service, White House, Politico, Business, Democratic, Business Insider
NVDA 1Y line Large cloud computing firms, such as Microsoft , Amazon and Google , have bought billions of dollars worth of AI chips from Nvidia over the past two years. Investors now want to know whether these Big Tech giants will be able to make a return on their investment — a precursor for further spending on AI chips. However, "tentative" signs have started to emerge that spending on AI chips may be spurring investment in the broader economy, Capital Economics said. CGI Inc For clues as to how quickly AI technologies are being adopted, Scotiabank highlighted CGI , a Canadian multinational IT firm that helps companies introduce AI into their business models and operations. The Scotiabank analyst believes that as large companies prepare to start AI spending, CGI is set to benefit and capture any future growth.
Persons: Shant, Neil Shearing, Shearing, Divya Goyal, Goyal, GIB Organizations: Nvidia, Microsoft, Google, Investors, Big Tech, Jennison Associates, Capital Economics, Economics, Scotiabank Locations: Britain, U.S, Canadian, Canada, New York
ET, the yield on the 10-year Treasury was up by less than one basis point to 4.4375%. The 2-year Treasury yield was last at 4.7538% after rising by over one basis point. U.S. Treasury yields held steady on Wednesday as investors looked ahead to key data and digested remarks from Federal Reserve Chairman Jerome Powell. Recent inflation readings indicated that "we are getting back on the disinflationary path," he said. The figures could be a further hint about whether the economy is cooling, and therefore what the path ahead for interest rates could look like.
Persons: Jerome Powell, Powell Organizations: Treasury, Federal, Fed
New York CNN —A stalemate in Washington could destroy a landmark tax deal that was painstakingly hammered out among 140 countries over the better part of a decade. Some analysts say that the United States’ inability to ratify the deal could lead to a tax war among the richest nations that would hit tech behemoths like Google, Apple, Meta and Amazon particularly hard. Canada recently implemented a local tax on the world’s largest tech companies, something the OECD treaty had sought to avoid. New Zealand has also said it will implement its own digital services tax on large multinational companies beginning in 2025. The FTC also said that documents showed that competing mattress suppliers would lose access to its most important retail channel.
Persons: Donald Trump, he’s, Manal Corwin, , Megan Funkhouser, won’t, Alicia Wallace, Economists, Ramishah Maruf, Tempur Sealy, , Foster Organizations: CNN Business, Bell, New York CNN, Apple, Meta, Economic Co, Development, OECD, Biden, Republicans, Finance, OECD’s, Tax, Administration, Information Technology Industry Council, CNN, Bureau of Labor Statistics ’, Labor, Labor Statistics, Federal Trade Commission, United, FTC, Pedic, Sealy Locations: New York, Washington, United States, Canada, Zealand, New Zealand, Stearns
“What worries policymakers is the interest rate risk, which will rise once the dominant narrative shifts from deflation to reflation,” Hu from Macquarie said. If that happens, bond yields will rise as investors switch back into riskier stocks. The country’s “4,000 or so small and medium-sized banks” will be particularly vulnerable to the interest rate risk, he added. “The bubble formed by the rush of funds into the bond market is accumulating interest rate risks,” the Securities Times said in an editorial. Economic risksThe rapid decline in Chinese bond yields also poses significant risks to the economy.
Persons: , , Pan Gongsheng, SVB, Larry Hu, ” Hu, Macquarie, Hu, Zhang Jiqiang, Ken Cheung Organizations: Hong Kong CNN, Silicon Valley Bank, People’s Bank of China, prudential, , Federal Reserve, Macquarie Group, Zheshang Securities, Securities Times, Japan’s Norinchukin Bank, Huatai Securities, Mizuho Securities Locations: Hong Kong, Silicon, United States, Shanghai, China, Beijing, SVB, outflows
In its 118 years of existence, the Labour Party has been in power for only 33 years. Since the Second World War, Labour has had only three election winners — Clement Attlee, Harold Wilson and Tony Blair. Newly elected British Prime Minister Tony Blair is greeted by a sea of well-wishers in Downing Street, on May 2, 1997. Rebecca Naden/PA/APIn 1997 Tony Blair had been leader of the Labour Party for three years and had never been behind in the opinion polls. Britain's current Labour leader, Keir Starmer with former Labour leaders and prime ministers Tony Blair and Gordon Brown during a reception for King Charles III, in September 2022.
Persons: Philip Collins, Tony Blair, Read, CNN —, — Clement Attlee, Harold Wilson, Sir Keir Starmer, Tony Blair’s, Margaret Thatcher, Boris Johnson, Blair, Adam Butler, Noel Gallagher, Rebecca Naden, Neil Kinnock, John Smith, Philip Collins Starmer, Kinnock, Smith, Starmer, Jeremy Corbyn, Boris Johnson’s, Keir Starmer, Gordon Brown, King Charles III, Brown, Blair's, Kirsty O'Connor, Bury, Organizations: CNN, CNN — Britain’s Labour Party, Labour Party, Labour, Conservative Party, Conservative, Conservatives, British, Blair's Labour Party, British Prime, Oasis, New Labour, Boris Johnson’s Conservative Party, Getty, Bury, Twitter, Facebook Locations: British, Downing, Bury, England –, Britain
Every effort the president and his White House and campaign teams make to fix the problem end up exacerbating it. She said that while Biden had a cold at the debate, he hadn’t taken medication but was now feeling better. But she declined to go beyond Biden’s already released annual physical results that found him fit for duty in February. Democratic Sen. Peter Welch from Vermont said Tuesday: “The big question going into that debate was the age question. One of those governors, Kentucky’s Andy Beshear, said in a remarkably candid interview with CNN on Tuesday that Biden’s debate was “rough” and that whatever the polls say, it will damage his campaign.
Persons: Joe Biden, Donald Trump, Lloyd Doggett, Biden, , parry, Karine Jean, Pierre, Trump, Biden’s, ” Jean, Jean, Democratic Sen, Peter Welch, , , ” Welch, CNN’s Abby Phillip, statesmanlike Biden, George Stephanopoulos, he’ll, Kentucky’s Andy Beshear, “ Joe Biden, ” Beshear, who’s, Pamela Brown, Beshear, Nancy Pelosi, Mike Quigley, CNN’s Kasie Hunt, Doggett, CNN’s Brianna Keilar, Kamala Harris, James Clyburn –, ” Clyburn, Miss Harris, it’s, ” Sen, Laphonza Butler, ” Butler, Beshear –, Harris, he’d, Joe Biden’s Organizations: Washington CNN, Democratic, Texas Rep, White, Trump, Biden, CNN, Democratic Party, ABC, MSNBC, Republican, Illinois, House Democrats, Democratic National Convention, South Carolina Rep, CBS News Locations: Europe, Biden’s, Vermont, Chicago, America, Trump, Washington
Carey, a portfolio manager at the U.S.-headquartered investment advisory firm which manages around $4 billion, estimates that returns from AI will be across "multi-years [and] decades." AI companies have a very, very large moat, not only on the hardware side, but also, on the software side. Among the names Carey is bullish on is power management company Eaton . Shares of the U.S. power management company have had a bumpy ride over recent days, but remain up nearly 30% year-to-date and 54.4% in the last 12 months. He noted the "strong demand" for the small-cap's packaged solutions and products.
Persons: Carnegie Investment Counsel's Christopher Carey, Carey, Eaton, Powell Organizations: Carnegie Investment, Nvidia, Amazon, Microsoft, Broadcom, Powell Industries Locations: U.S
Domestically, slot machines are prohibited on military bases, though casinos are frequently located nearby. The VA began treating gambling disorders in the late 1960s, about nine years after Congress banned slot machines from domestic bases. The Department of Defense declined CNBC's request for an interview, but said in a statement there hasn't been any systemwide increases in resources to address problem gambling. "DoD researchers are aware of changes in gambling availability due to new mobile and sports gambling options and will consider these variables in future military gambling research," a department spokesperson said in an email. The military is conducting a new survey, with results expected in the fall, the spokesperson addedThe Department of Defense operates slot machines on military bases abroad.
Persons: Dave Yeager, Yeager, servicemembers, Heather Chapman, It's, Dominick DePhilippis, Chapman, hasn't Organizations: Istock, Army, Defense Department, CNBC, Department of Defense, Office, Lewis, McChord, Department of Veterans Affairs, DoD Locations: South Korea, Washington, U.S
When I was a kid, I remember watching a TV documentary about North Korea. I tried to find more information, so I subscribed to a group called "Solidarity with North Korea" on VKontakte — Russia's equivalent to Facebook. AdvertisementIn it, the Communist Party of the Russian Federation offered a chance to go to a North Korean children's summer camp for about $300. AdvertisementHowever, the North Korean children in the camp were quite segregated from us, and we only met them once on our last day. I can easily make friends just by talking about my experiences — people just want to hear about North Korea.
Persons: , Yuri Frolov, Yuri Frolov's, Kim Il, Kim Il Sung, Kim Jong Il Organizations: Service, Korea's, Business, Facebook, Communist Party of, Russian Federation, Communist Party, North Locations: North Korea, Korean, St . Petersburg, Vladivostok, Russia, Pyongyang, Pueblo, Songdowon, Laos, Nigeria, Tanzania, China, North
A relative grieves the death of a loved one outside the morgue of a hospital in Hathras in India's Uttar Pradesh state on July 3, 2024, following a stampede during a Hindu religious gathering. At least 116 people were crushed to death in a stampede at an overcrowded Hindu religious gathering in northern India on July 2, government officials said, the worst such tragedy in more than a decade. At least 116 people, many of them women and children, were killed in a stampede at a Hindu religious gathering in northern India on Tuesday, authorities said, in one of the country's worst such tragedies in years. The stampede occurred when a crowd of devotees started pushing towards the stage after the event to touch the preacher, who was coming down, said Yogi Adityanath, chief minister of Uttar Pradesh, India's most populous state. Another senior state official, Chaitra V., told broadcaster India Today that people may have lost their footing as they sought water in the heat.
Persons: Yogi Adityanath, Ashish Kumar Organizations: India Locations: Hathras, India's Uttar Pradesh, India, Utter Pradesh, New Delhi, sweltering, Uttar Pradesh
Reuters —Police in Australia’s Northern Territory said on Wednesday that a missing 12-year-old child was reportedly attacked by a crocodile and a search and rescue operation was underway. The child was reported missing on Tuesday evening after swimming in a creek in Palumpa, also known by its Aboriginal name Nganmarriyanga, a remote town of around 350 people, seven hours by road from the territory capital, Darwin. “Local officers are on scene and our thoughts are with the family and the community,” senior sergeant Erica Gibson said in a statement. “Officers are currently searching a large section of the creek via boat and we thank the community for their ongoing assistance.”There are more than 100,000 crocodiles – which can grow up to six meters (20 feet) long – in the vast Northern Territory, though fatal attacks are relatively rare.
Persons: , Erica Gibson Organizations: Reuters — Police Locations: Australia’s Northern Territory, Palumpa, Darwin, , Northern Territory
Kayak CEO Steve Hafner on summer travel trends
  + stars: | 2024-07-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKayak CEO Steve Hafner on summer travel trendsKayak CEO Steve Hafner joins 'Squawk Box' to discuss the consumer appetite for more travel, what's happening in the hotel and lodging universe, and what the decrease in airfare is attributable to.
Persons: Steve Hafner
The Real Problem With Legal Weed
  + stars: | 2024-07-03 | by ( Charles Fain Lehman | ) www.nytimes.com   time to read: 1 min
Kathy Hochul has called New York’s legalization rollout “a disaster.” Mayor Eric Adams has spent months demanding that Albany fix the current system. There are around 140 recreational dispensaries operating statewide — about one for every 148,000 New Yorkers. Instead of shopping legally, New Yorkers tend to get their weed from the illegal shops that now blanket the state. Estimates suggest that there are anywhere from 2,000 to 8,000 in New York City alone, with uncounted more from Ithaca to Oneonta. Recent crackdowns have temporarily sealed more than 400 stores — only a small fraction of the total in the city.
Persons: Kathy Hochul, Eric Adams Organizations: Yorker Locations: Albany, Yorkers, New York City, Ithaca, Oneonta
Natural gas has historically been a regional commodity, with supply limited by pipeline networks. "Natural gas is starting to resemble oil in that there's a more global market emerging for it," Antia told CNBC in an interview. The global capacity to liquefy natural gas has grown 60% since 2014, reaching 483 million metric tons annually as of February 2024, according to the IGU. Cheniere: LNG powerhouse The U.S. dominates the global LNG market, accounting for 21% of global exports last year and shipping 84 million metric tons, according to the IGU. Cheniere Energy , a global LNG leader based in Houston, is an opportunity for investors who want exposure to the growing global gas market, Antia said.
Persons: Shehriyar Antia, PGIM, Antia, Bernstein, Cheniere, Morgan Stanley, Biden, Mark Menezes, CNBC's, Menezes, Trump Organizations: Prudential Financial, CNBC, International Gas Union, Cheniere Energy, York Stock Exchange, Department of Energy, U.S, LNG, European Union, U.S . Department of Energy, European, United States Energy Association Locations: U.S, Houston, Cheniere's, of Mexico, Indonesia, China, India, Japan, South Korea, Europe, Asia, Russia, Moscow, Ukraine, United Kingdom, European Union
Korean Air announced Monday that it would finish cabin service 20 minutes earlier on medium and long-haul routes. Korean Air said the change will allow inflight services to end before the plane descends for landing. AdvertisementIt comes after Singapore Airlines — also rated five stars — changed its cabin service protocol. Days later, Singapore Airlines said it would no longer serve meals when the seatbelt light is on. This is especially notable around the jet streams, where clear air turbulence is most common.
Persons: , Skytrax Organizations: Service, Korean Air, . Korean Air, Business, Singapore Airlines —, Singapore Airlines, Korean, University of Reading
We didn’t know whether we’d get to the end.”Record-setting journeyOllie Gamblin and Lavi Scholl have set the record for the youngest duo to circumnavigate the globe by motorbike. Keen to take things further, the couple began planning a cycling trip around the world. The couple, known as “Lavi and Ollie” were loaned a Suzuki V-Strom 1050XT by UK dealership Motorcycle World, and Gamblin says he fell over while riding out of the parking lot. “That was really, really challenging for me,” Scholl says. They plan to head off on a UK-based riding trip so that Scholl can improve her motorcycle skills.
Persons: CNN —, Lavi Scholl, Ollie Gamblin, , we’d, Oliver Gamblin, , Scholl, Gamblin, Keen, Lavi, Ollie ”, Suzuki, Strom 1050XT, Ollie, hadn't, Oliver Gamblin “, “ We’ve, ” Scholl, they’d, Elvis, ” “, Oliver Gamblin Gamblin, who’d Organizations: CNN, CNN Travel, , Las Vegas, Guinness World Records, UK, Google, Geographic, YouTube Locations: Morocco, Argentina, Mongolia, Las, Australia, New Zealand, Germany, England, London, , Russia, Ukraine, France, Spain, Senegal, Brazil, South America, Bolivia, Peru, Chile, Ecuador, Colombia, Panama, North America, Las Vegas, , Canada, Seoul, South Korea, Vladivostok, gers, Central Asia, Kazakhstan, Europe, Dover
American newlyweds Casey and Warner Haley traveled to Montego Bay, Jamaica, for their honeymoon. The airport looked “like a scene out of a doomsday movie” Casey Haley wrote in a Facebook post. Food was running out at the grocery store and lines were “backing up to the back of the store,” Warner Haley said. “So we just had to go back to the resort and buy all the supplies we could from the gift shop,” Warner Haley said. What’s going to happen is what’s going to happen.
Persons: Casey, Warner Haley, , ” Casey Haley, Casey Haley, , ” Warner Haley, We’re Organizations: Sangster, CNN, Food Locations: Montego Bay, Jamaica
New York CNN —Tesla sales fell for the second straight quarter. In the fourth quarter BYD briefly passed Tesla in global EV sales. But the better-than-expected Tesla sales were enough to lift shares of Tesla (TSLA) by more than 9% in midday trading. The strong EV sales were balanced by a slight drop - about 0.3% - in sales of traditional gasoline powered cars. Toyota’s US EV sales soared even more, rising 301% to 11,600.
Persons: Tesla, Elon Musk, , BYD, CNN’s Laura He, Peter Valdes, Dapena Organizations: New, New York CNN, clamoring, Tesla, Volkswagen, General Motors, Ford, GM, EV, Blazer EV, Cadillac, Toyota Locations: New York, China, Europe, North America
I've been working on passive income streams for years, but I always want more. It felt like the only way to continue to expand and earn more money would be to introduce passive income streams. But in 2024, I've found myself eager to find a few new passive income streams. "Audit what you're already working with and see how you can turn it into a passive income stream," he suggested. In my case, one missed opportunity for passive income we discovered involved the traffic I'm already getting to my business website.
Persons: I've, , Jeff Rose, Rose, it's, It's, SoFi, you've Organizations: Service, Business
"We see softness in data — permits, starts, sales and prices all recently below expectations — potentially continuing in 2H," the analyst wrote. The bank initiated the health care tech stock with an overweight rating and a December 2025 price target of $24. "Waystar is a vertical, cloud-based software company focused on automating, digitizing, and enhancing revenue cycle management functions," wrote analyst Anne Samuel. Analyst Daniel Politzer reiterated his overweight rating on the casino and resort stock but lowered his price target to $58 from $60. The analyst wrote that he sees "the current valuation as an attractive entry point into what we view as one of the most durable companies in our coverage."
Persons: Piper Sandler, Mizuho, Piper Sandler downgrades CrowdStrike Piper Sandler, Rob Owens, Owens, CrowdStrike, Lisa Kailai Han, downgrades Goldman, Jim Mitchell, Goldman Sachs, Mitchell, Goldman, — Jesse Pound, Brandt Montour, Montour, VIK, — Hakyung Kim, Anthony Pettinari, Pettinari, — Lisa Kailai Han, Guggenheim, Tesla, Ronald Jewsikow, Keith Gill, Gill, he's, Kitty, Musk, Jewsikow, Waystar, Anne Samuel, Samuels, Jessica Reif Ehrlich, Ehrlich, Wells, Daniel Politzer, Politzer, GGR, WYNN est's, , Mizuho Mizuho, James Lee, Lee, Fred Imbert Organizations: CNBC, Seaport, of America, downgrades Goldman Sachs Seaport Research, Bank of America, Barclays, Viking Holdings, American Baby Boomers, Citi, Federal, Securities and Exchange Commission, JPMorgan, Nasdaq, Spotify, Spotify Technology, Las Vegas, Vegas, Macau GGR, Intelligence, Amazon Locations: Amazon, SIEM, Lennar, 2H, Chewy, Europe, China, Las, Las Vegas Sands, Macau, Bay Sands, Singapore, Atlassian, Monday's
Peter Berg, founder of Forward, a consulting firm that hires globally remote engineers for startups, wants to change that. About a month ago, Berg announced that Forward would provide data and context to every applicant once a role is closed. Berg told Business Insider that Forward does its best not to waste people's time during the application or interview process through lengthy exams or assignments. One woman posted on LinkedIn about the experience and said Forward offered her the "BEST" rejection letter. Melissa Bashur told BI that the insight she received allowed her to better understand the current job market.
Persons: , Peter Berg, Berg, it's, Melissa Bashur, Bashur, they're Organizations: Service, Business, LinkedIn
I'd been living in the UK for 25 years, but when the pandemic kicked off in March 2020, I decided it was time to go home. It wasn't until returning that I realized how British I'd become and that "home" was more difficult to define. AdvertisementIn the UK, the small peppers fit into small houses, and the food was closer to its natural form due to strict food laws. Four years after moving back to the US, I'm grateful for the personal space, the "yes!" But I do miss the cultivated hedgerows of the UK and the quiet, more reserved style of its people.
Persons: wasn't, I'd, it's Organizations: Service, Business, BBC, National Health Service Locations: New York City, British, American
Learn moreIt's an Iowa reunion tonight at the Fever vs. Aces game, which will see rookies and former college teammates Caitlin Clark and Kate Martin face off for the second time in their WNBA careers. Below, we've compiled everything you need to know about how to watch the Indiana Fever vs. Las Vegas Aces, including cable and live streaming options. Keep reading to learn how to watch the Fever vs. Aces game, which will be held at the T-Mobile Arena in Vegas. How to watch Indiana Fever vs. Las Vegas Aces in the USThe Indiana Fever vs. Las Vegas Aces game will tip off on Tuesday at 9:30 p.m. Check price at FuboHow to watch Indiana Fever vs. Las Vegas Aces from anywhereIf you are traveling outside the US during the game, you can still tune into the above services using a VPN.
Persons: Caitlin Clark, Kate Martin, Clark, Kelsey Mitchell, NaLyssa Smith, Martin, A'ja Wilson, Kelsey Plum, you'll, ExpressVPN Organizations: Business, Aces, WNBA, Indiana Fever, Las Vegas Aces, Indiana, Chicago Sky, WNBA Championship, Mobile, ESPN, Sling, ESPN2, ESPN3, It's Locations: Iowa, Chicago, Clark's Iowa, Vegas .
Biden’s support among Democratic voters has inched up to 91% from 85% in April, while 93% of Republicans back Trump (about even since April). However, most Democrats and Democratic-leaning registered voters (56%) say the party has a better shot at the presidency with someone other than Biden, while 43% say the party stands a better chance with him. Biden’s strengths are on abortion and reproductive rights (44% trust Biden, 32% Trump) and health care (44% Biden to 34% Trump). The CNN poll was conducted by SSRS from June 28-30 among a random national sample of 1,274 adults drawn from a probability-based panel, including 1,045 registered voters. For results among registered voters, it is plus or minus 3.7 points.
Persons: Joe Biden, SSRS, Donald Trump, Trump, Kamala Harris, Harris, Gavin Newsom, Newsom, Pete Buttigieg, Gretchen Whitmer, Whitmer, Biden, Haiyun Jiang, , haven’t, CNN’s Edward Wu, Dana Elobaid Organizations: CNN, Democratic Party, Biden, Trump, Harris, California Gov, Transportation, Michigan Gov, Democratic, New York Times, Republican, GOP, Trump –, Buttigieg, SSRS, Surveys Locations: New York, East Hampton , New York, York
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