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You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmong those missing and feared dead in the aftermath of the sinking of "Bayesian," a sailing yacht linked to British technology magnate Mike Lynch, are Lynch's attorney Christopher Morvillo and Morvillo's wife, according to a colleague. He said the news came shortly after he learned that Lynch's codefendant Chamberlain was killed, struck by a car while jogging on Saturday. Another attorney at the firm, Ayla Ronald, is reportedly among those who survived the yacht's sinking.
Persons: , Mike Lynch, Christopher Morvillo, Lynch, Gary Lincenberg, Lynch's, Stephen Chamberlain, Morvillo, Lynch's codefendant Chamberlain, Chris, Lincenberg, Chamberlain, Clifford Chance, didn't, Ayla Ronald Organizations: Service, Autonomy, Hewlett, Packard, Business Locations: Sicily, Manhattan, New York
Despite the gloom about grocery costs, food price increases have generally been cooling for months. A central issue has plagued the Biden administration for most of its term: the steep rise in grocery prices. Despite the gloom about grocery costs, food price increases have generally been cooling for months. Image Several economists said they expected to see grocery inflation remain around current rates in the coming months. Grocery inflation remains a major political issueHigh food costs continue to pose a political challenge for the Biden administration.
Persons: Biden, Donald J, Trump, , David Ortega, Ortega, “ We’re, Mr, Jessica Attie, Omair Sharif, Sharif, Kamala Harris, Christopher B, Barrett, Jerlyn, , Heisz Organizations: Bloomberg, Federal Reserve, Investors, Republican, White, Workers, Michigan State University, The New York Times, Agriculture Department, KPMG, Democratic, PepsiCo, Cornell University Locations: Ukraine, Platteville, Wis
Peggy Moffitt, a model and muse who famously posed in the designer Rudi Gernreich’s topless bathing suit, and whose bob and heavy eye makeup helped define the look of the 1960s, died on Saturday at her home in Beverly Hills, Calif. She was 86. Her son, Christopher Claxton, said the cause was complications of dementia. Ms. Moffitt started working with Mr. Gernreich as a fitting and show model in 1962. “In fact, I didn’t really model the clothes so much as perform them.”She met Mr. Gernreich when she was working at a small boutique in Beverly Hills that was known for its unusual and avant-garde clothes. Ms. Moffitt was drawn to the humor in his designs.
Persons: Peggy Moffitt, Rudi Gernreich’s, Christopher Claxton, Moffitt, Gernreich, , , Rudi Gernreich, William Claxton, Claxton Locations: Beverly Hills, Calif
Yen slips, markets brace for U.S. inflation data
  + stars: | 2024-08-12 | by ( ) www.cnbc.com   time to read: +3 min
Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve interest rate cuts this year. "It's more a case of market squaring up a little bit ahead of the U.S. inflation data," said Christopher Wong, currency strategist at OCBC Bank in Singapore. The dollar was trading at 146.87 yen , up 0.2% from late U.S. levels on Friday. The Aussie was barely up at $0.6577 on Monday, while the New Zealand dollar stayed below last week's three-week high of $0.6035. Implied volatility on the yen, measured in yen options, has also subsided.
Persons: Bank of Japan's hawkishness, Jackson, Christopher Wong, J.P, Morgan Organizations: Bank of Japan's, Federal Reserve, Nvidia, OCBC Bank, New Zealand, Reserve Bank of New, Bank, Japan, U.S . Commodity Futures Trading Commission Locations: U.S, Singapore, Reserve Bank of New Zealand
Read previewFormer President Donald Trump is planning to sue the Department of Justice for $100 million in damages over the FBI's August 2022 raid on his Mar-a-Lago estate in Florida. This story is available exclusively to Business Insider subscribers. Advertisement"President Trump had a clear expectation of privacy at Mar-a-Lago, his and his family's personal residence," the memo reads. The DOJ declined to comment on the notice of claim to Business Insider. Advertisement"This malicious prosecution led President Trump to spend tens of millions of dollars defending the case and his reputation," the memo reads.
Persons: , Donald Trump, Daniel Epstein, Trump's, Trump, Jack Smith, General Merrick Garland, Aileen Cannon —, Trump —, Department's, Smith, Cannon, Garland, Christopher Wray's, Steven Cheung, Kamala Harris, Joe Biden's, Cheung Organizations: Service, of Justice, DOJ, FBI, Business, Mar, Trump, Republican, weaponized Department of Justice, Democrat Witch Hunts Locations: Lago, Florida, Mar
Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy. Billed as an unscripted conversation by Musk, the Spaces session will be one of the few campaign events Trump does this week. Breton warned Musk that the EU was prepared to "make full use of our toolbox" to protect EU citizens from "serious harm." Getty Images | Getty Images News | Getty ImagesSince then, Musk has made a series of incendiary comments about the situation in the U.K. on X. Riot police officers push back anti-migration protesters outside on Aug. 4, 2024 in Rotherham, U.K. Christopher Furlong | Getty Images
Persons: Elon Musk, Tesla, Apu Gomes, Linda Yaccarino, Thierry Breton, Yaccarino, Donald Trump, Musk, Kamala Harris, Keir Starmer, Ashlea Simon, Peter Kyle, Christopher Furlong Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Getty, European, X Corp, Union, Trump, Republican, Democratic, EU's Digital Services, Digital Services, Riot, British, Britain, Times Locations: Beverly Hills , California, Europe, United Kingdom, EU, Breton, Southport , England, Southport, England, Northern Ireland, Falkland Islands, Rotherham, U.K
AdvertisementWest Coast-based Naval Special Warfare (NSW) operators assemble a combatant rubber raiding craft near the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). West Coast-based Naval Special Warfare (NSW) operators conduct military dive operations and prepare to board the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). AdvertisementA West Coast-based Naval Special Warfare (NSW) operator climbs aboard the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). West Coast-based Naval Special Warfare (NSW) operators maneuver a combatant rubber raiding craft and board the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). In January, Navy Special Warfare Operator 2nd Class Nathan Gage Ingram showed how seriously SEALs take this when he jumped into the dark waters of the Arabian Sea after his teammate, Navy Special Warfare Operator 1st Class Christopher J.
Persons: , Alex Perlman, Kenneth Douglas, Alex, Blake L, Chaney, We've, GWOT, that's, Alex Smedegard Frogmen, Nathan Gage Ingram, Christopher J, Chambers, frogmen Organizations: Service, Warfare, Navy, Craft, Business, West Coast, Los, Submarine Squadron, Special Warfare, Big Navy, Army Green Berets, Marine Raiders, Recon Marines Locations: China, Russia, Beijing, Moscow, Los Angeles, Greeneville, West Coast, NSW, Angeles, Virginia, Coast, Makin
These stocks have low share price volatility over the past five years, and their total return — including share price gains and dividends — are greater than the S & P 500's over the past five years. Take a look at the names below: Health-care companies Amgen , UnitedHealth Group and AbbVie are among the names with low volatility and strong returns in recent years. Pharmaceutical company AbbVie's roughly 262% gain over the past five years is the highest of the stocks in the group. Amgen's share price has a 5-year total return of 104%, making it a steady grower, but still the slowest of the list. Other stocks with low volatility and attractive valuations include automotive replacement parts retailer AutoZone and insurance company Aflac .
Persons: Stocks, They're, Morgan Stanley, Wells, Mohit Bansal, TD Cowen, Kannan Venkateshwar, — CNBC's Christopher Hayes Organizations: CNBC, UnitedHealth, Pharmaceutical, Morgan Stanley Wealth Management, Humira, Barclays, Mobile
The last two races of the Paris Games were a gold rush for the U.S., with both the women and men dominating the 4x400-meter relays Saturday. A three-time gold medalist after wins in the 200-meter and 4x100-meter relay, Thomas helped widen the gap in the third lap that McLaughlin-Levrone created in the second. In the last lap, it came down to a race between two gold medalists: Benjamin and Botswana’s Letsile Tebogo. With the victory, 16-year-old Quincy Wilson — who ran earlier in the week for the U.S. but not in the final — is now the youngest Olympic track-and-field gold medalist ever. He is also the youngest male U.S. Olympic gold medalist in any sport since 1952.
Persons: Sydney McLaughlin, Levrone, Gabby Thomas, Alexis Holmes —, McLaughlin, Thomas, Holmes, Rai Benjamin, Christopher Bailey, Bryce Deadmon, Vernon Norwood, Benjamin, Botswana’s, Tebogo, Quincy Wilson —, Wilson Organizations: Paris Games, Jamaica, Great Britain, American, U.S Locations: Shamier, Netherlands, Great, Tebogo
SAINT-DENIS, France — No issues with this men’s relay team. One night earlier, the 4×100 relay team — featuring some of the fastest men in the world — squandered their chance at gold. Rai Benjamin holds off Letsile Tebogo to anchor Team USA to gold in the 4x400m relay! Their names aren’t on the marquee of USA Track and Field. And Benjamin — as he did in Tokyo, and in the 2023 World Championships, and in the 2019 World Championships — brought home the gold for the third consecutive Games.
Persons: DENIS, Christopher Bailey, Vernon Norwood, Bryce Deadmon, Rai Benjamin, Benjamin, , Britain, Carl Lewis, hasn’t, ames, aris G ames, hird Organizations: aris Locations: France, Friday’s, Botswana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBe cautious, but not too fearful in buying stocks in the market, says Wells Fargo's Chris HarveyChristopher Harvey, Wells Fargo Securities Head of Equity Strategy, joins 'Closing Bell' to discuss his playbook and why investors should be buying stocks.
Persons: Wells, Chris Harvey Christopher Harvey Organizations: Wells, Wells Fargo Securities Head, Equity Locations: Wells Fargo
Recent market turbulence has unearthed some bargain prices for momentum stocks, according to Wells Fargo. He suggests that investors "buy stocks, not the stock market." Here's a closer look at stocks Wells Fargo is eyeing in light of the recent market volatility. Shares of the Facebook parent have gained roughly 45% in 2024, but have slumped 3% over the past month. Eli Lilly has climbed 53% in 2024, but is down roughly 8% over the past month.
Persons: Wells, Christopher Harvey, Harvey, Harvey isn't, Blayne Curtis, Eli Lilly, Lilly, Zepbound Organizations: Services, Nvidia, Jefferies, Facebook, Meta, LSEG, Netflix Locations: Wells Fargo, U.S, Wells
This escalated into days of riots in the U.K. that saw attacks on mosques, immigration centers and hotels that house asylum seekers. The disinformation circulated online tapped into pre-existing biases and prejudice, Ondrak explained, adding that incorrect reports often thrive at times of heightened emotions. Many of the right-wing protestors claim the high number of migrants in the U.K. fuels crime and violence. Ondrak also noted that many groups that had previously circulated false information about the attack had started walking it back, saying it was a hoax. On Wednesday, the U.K. media regulator Ofcom issued a letter to social media platforms saying they shouldn't wait for the new law to come into force.
Persons: Christopher Furlong, Ali, Hannah Rose, Joe Ondrak, It's, Ondrak, it's, ISD's Rose, Rose, Thabo Jaiyesimi, Elon Musk, pushback, Benjamin Cremel Organizations: Riot, Getty, LinkedIn, Institute for Strategic, CNBC, Police, Telegram, Ofcom, Afp Locations: Rotherham, United Kingdom, Southport, Britain, U.K, Walthamstow, London
But even as online disinformation related to stabbings in the U.K. has led to real-world violence, Ofcom, Britain's online safety regulator finds itself unable to take effective enforcement actions. Shortly after the attack, social media users were quick to falsely identify the perpetrator as an asylum seeker who arrived in the U.K. by boat in 2023. U.K. officials subsequently issued warnings to social media firms urging them to get tough on false information online. Peter Kyle, the U.K.'s technology minister, held conversations with social media firms such as TikTok, Facebook parent company Meta , Google and X over their handling of misinformation being spread during the riots. watch nowUnder the Online Safety Act, the sending of false information intended to cause non-trivial harm is considered a punishable criminal offense.
Persons: Christopher Furlong, knifeman, Taylor Swift, Axel Rudakubana, Peter Kyle, Gill Whitehead, Whitehead Organizations: Riot, Ofcom, Police, Facebook, Meta, Google, CNBC Locations: Rotherham, U.K, Southport, Merseyside
It’s a shame Gabino Iglesias’ ferocious new novel, “House of Bone and Rain,” couldn’t have been included as supplemental reading. “The Devil Takes You Home” (2022) was, like the two books that preceded it, a horror-noir thriller with elements of other genres thrown in. “House of Bone and Rain” ranges from vigilante thriller to supernatural horror to coming-of-age friendship saga with a strong dose of folklore fantasy. We had each other’s backs,” Gabe declares. So when Bimbo’s mother, Maria, is gunned down while working the door of a nightclub in Old San Juan, Gabe and his friends make a pact to track down the killers no matter the cost.
Persons: Gabino Iglesias, Hurricane Maria, Roque Raquel Salas Rivera, , ” Iglesias, Gabe, — Bimbo, Paul, Tavo, Xavier —, Xavier, ” Gabe, Maria Organizations: Whitney Museum of American, Puerto Rican Locations: Hurricane, Puerto Rican, , San Juan, Old San Juan
Archaeologists uncover ancient pot of gold
  + stars: | 2024-08-08 | by ( Taylor Nicioli | ) edition.cnn.com   time to read: +5 min
Researchers discovered the stash in Notion, an 80-acre fortified city that was occupied from about the sixth century BC to the first century AD. “No one ever buries a hoard of coins, especially precious metal coins, without intending to retrieve it. One gold coin would have been the equivalent of a month’s salary for a mercenary soldier, according to the University of Michigan. Those were known as Persian silver sigloi, 20 of which would equate to one gold coin. Because of the gold coin’s high value, “it was far more efficient to store wealth in gold coins than in silver,” he added.
Persons: , Christopher Ratté, , Alexander the, Persian King Darius, Peter van Alfen, ” van Alfen, Ratté, van Alfen, Herodotus Organizations: CNN, University of Michigan, American Numismatic Society, Spartan Locations: Turkey, Persian, Persia
Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market. "Consumer sentiment in China is quite weak," McDonald's chairman, CEO and director Christopher Kempczinski, said of the quarter ended June 30. Apple said Greater China sales fell by 6.5% year-on-year in the quarter ended June 29. Procter and Gamble said China sales for the quarter ending late June fell by 9%. The only public disclosures regarding Peet's China business described it as "strong double-digit organic sales growth" in the first half of the year.
Persons: , Christopher Kempczinski, McDonald's, Lei Meng, Apple, Johnson, that's, General Mills, Kofi Bruce, Mills, Andre Schulten, Procter, Gamble, Schulten, Marriott's, Domino's, DPC Dash, There's, James Quincey, Quincey, We've, Laxman Narasimhan, Luckin Organizations: Nurphoto, Getty, BEIJING, U.S, Nationwide, UBS Securities, General, Procter, Marriott, Asia Pacific, Starbucks Locations: Yichang, Hubei province, China, U.S, Canada, Greater China, Southeast Asia, Japan, South Korea, Asia, Peet's
A Pakistani man allegedly tied to Iran has been charged with an elaborate plot to assassinate current and former government officials, potentially including former President Donald Trump. The complaint does not name an alleged target or targets, but a senior law enforcement official said Trump was one of the potential targets of this plot. Merchant allegedly told the confidential source that the “people who will be targeted are the ones who are hurting Pakistan and the world, [the] Muslim world. On June 10, Merchant allegedly met in New York with undercover law enforcement officers posing as assassins for hire. Asif Merchant paid the undercover law enforcement officers $5,000 so they knew they were going forward.
Persons: Donald Trump, Asif Merchant, Merchant, Trump, Lester Holt, Christopher Wray, DOJ Merchant, Qassem Soleimani, Butler, General Merrick Garland, , Organizations: NBC, DOJ, NBC News, ., Quds Force, Islamic Revolutionary Guard Corps, Service, Trump, FBI Locations: Iran, Pennsylvania, Pa, Texas, New York, Pakistan
The first round of Medicare drug price negotiations has come to an end – but we still don't know the final prices that the U.S. government and pharmaceutical companies have agreed on. They all maintain that Medicare drug price negotiations are a long-term threat to the pharmaceutical industry's drug innovation and profits, but the immediate dust has somewhat settled. That's based on executive commentary during the recent quarterly earnings calls of Bristol Myers Squibb and Johnson & Johnson , among other companies. Novartis CEO Vasant Narasimhan said on July 18 that the short-term impact from Medicare drug price negotiations "might be manageable on our first set of drugs." Executives at each of the drugmakers similarly emphasized their opposition to Medicare drug price negotiations on their respective earnings calls.
Persons: Joe Biden, Johnson, Joe Biden's, Christopher Boerner, Bristol Myers, Robert Michael, We've, Michael, Jennifer Taubert, Vasant Narasimhan, Narasimhan, Bristol Myers Squibb's Boerner, Boehringer Ingelheim, Annika Organizations: National Institutes of Health, Medicare, Bristol Myers Squibb, Johnson, Pfizer, J, Novartis, Merck, Novo Nordisk, AstraZeneca Locations: Bethesda , Maryland, U.S, annikakim.constantino@nbcuni.com
“The study tested whether or not reducing the amount of acid in our diet reduces the kidney disease- and heart disease-related complications of high blood pressure,” he said. “We’ve known this for a long time but it’s good to have less kidney disease added to the benefits,” she said. Eating more fruits and veggies promotes heart and kidney health, especially in people with hypertension, a new study found. Medication intervention is still an important part of managing blood pressure, kidney disease and heart disease, Wesson said. “A largely, but not necessarily exclusively, plant-based diet is demonstrably associated with overall good health, reduced chronic disease prevalence — kidney disease too — and premature mortality,” Nestle said.
Persons: , Donald Wesson, , Wesson, Marion Nestle, Paulette Goddard, Tanja Ivanova, Andrew Freeman, Freeman, Christopher Gardner, Gardner, Rather, ” Nestle Organizations: CNN, Dell Medical, University of Texas, of Nutrition, Food Studies, Public Health, New York University, Getty, American Heart Association, Jewish Health, Stanford, Stanford Prevention Research, Nutrition Studies Research Locations: Austin, Denver, California
A Virginia man has been charged with making numerous death threats against Vice President Kamala Harris, the presumptive Democratic presidential nominee. Frank Carillo, of Winchester, Virginia, posted a series of violent threats about Harris last month using an alias on the conservative social media site GETTR, according to a criminal complaint unsealed in the Western District of Virginia on Friday. Investigators alleged that Carillo had posted 19 times about Harris, including threats to shoot, stab and burn her alive. Investigators said a search of Carillo's home turned up two guns — a handgun that he purchased last year and an RF-15 rifle that he bought this year. Carillo also made statements about other federal officials, including President Joe Biden and FBI Director Christopher Wray, the complaint alleged.
Persons: Kamala Harris, Frank Carillo, Harris, Carillo, Donald Trump, , , Joe Biden, Christopher Wray Organizations: Democratic, of, Investigators Locations: Winchester , Virginia, Western, of Virginia
CNN —A Virginia man has been charged with making death threats against Vice President Kamala Harris and appeared in federal court on Monday. According to court records, Frank Lucio Carillo made several threats against Harris, President Joe Biden, FBI Director Christopher Wray, several Arizona officials, and others on the right-wing social media platform Gettr. In response to a subpoena, the FBI found 4,359 posts from Carillo “targeting various public officials,” including Harris. In several posts, Carillo allegedly threatened to cut out Harris’ eyes and described various ways he wanted to kill the vice president, court records say. Federal agents retrieved two firearms from his home, including a pistol he bought in 2023 and a rifle purchased this year.
Persons: Kamala Harris, Frank Lucio Carillo, Harris, Joe Biden, Christopher Wray, Carillo, ” Carillo, , , ” Carrillo Organizations: CNN, FBI Locations: Arizona, Carillo’s
Over the decades he spent in prison, sentenced to life for a fatal shooting in 1990, Christopher Dunn faced one obstacle after another as he sought to clear his name. A Missouri judge had exonerated Mr. Dunn and ordered his release from prison. Dressed in a jacket and tie, Mr. Dunn was signing the last bit of paperwork when he overheard the warden taking a call, saying, “We were just about to release him — what do you want me to do?”The state attorney general, Andrew Bailey, had intervened to keep Mr. Dunn, 52, behind bars. He was ordered to change back into his prison uniform and returned to his cell, leaving the St. Louis prosecutor, who had asked the court to clear Mr. Dunn, scrambling to free him. Mr. Bailey, who took office 17 months ago to fill out his predecessor’s term, is trying to fend off a formidable challenger as he seeks a full four-year term as the state’s top law enforcement officer.
Persons: Christopher Dunn, Mr, Dunn, , Andrew Bailey, Louis, Bailey Organizations: St Locations: Missouri
London CNN —Far-right riots swept Britain over the weekend, with outbreaks of anti-immigrant violence in a number of cities and towns, leaving the new UK government scrambling to control the worst disorder in more than a decade. Throughout Friday, Saturday and Sunday, violent protesters congregated in city and town centers across the UK, many of them apparently intent on clashing with police and causing havoc. The gatherings ostensibly started as anti-immigration marches, organized on social media platforms like X and on WhatsApp and Telegram groups. Violence also took place in Sunderland, Middlesbrough, Stoke-on-Trent and several more cities, mostly across the Midlands and north of England. The man in charge of bringing those offenders to justice was Keir Starmer, then Britain’s Director of Public Prosecutions.
Persons: Keir Starmer, , , Constable Lindsey Butterfield, Owen Humphreys, we’ve, ” Starmer, Christopher Furlong, Nigel Farage, Priti Patel, Diane Abbott, Britain’s, Elon, Tommy Robinson, Joe Mulhall, Robinson, Peter Powell, Musk, , Starmer, underfunding Organizations: London CNN, Labour Party, Protesters, Rotherham, South Yorkshire Police, Middlesbrough, Stoke, Trent, Office, National Police Chiefs ’ Council, , Downing, Police, . Police, Reform, Conservative Party, Farage, Conservative, CNN, Getty, Public Prosecutions, British Ministry of Justice, State, Justice, PA Media Locations: Britain, Southport, England, WhatsApp, Rotherham, Tamworth, Midlands, Middlesbrough, Sunderland, United Kingdom, Manchester, AFP, , British, London, gridlock, Wales, Afghanistan
CNN —Rioters attacked a hotel used to house asylum seekers in the UK town of Rotherham on Sunday, as the country faces the worst social unrest it has seen in years. In the latest violence, the Holiday Inn Express Hotel in Rotherham was targeted by protesters who stormed the building, with reports of it being set on fire, according to PA Media. “The criminal, violent attack on a hotel housing asylum seekers in Rotherham is utterly appalling. Deliberately setting fire to a building with people known to be inside,” she wrote on X.Protestors throw a blazing garbage bin outside the Holiday Inn Express in Rotherham on Sunday. Riot police stand in front of windows broken by rioters outside of the Holiday Inn Express Hotel.
Persons: Yvette Cooper, , Stringer, Dame Diana Johnson, Keir Starmer, Christopher Furlong, ” Johnson, , Joe Mulhall, , Mulhall, Stephen Lennon, a.k.a, Tommy Robinson, Elon Musk Organizations: CNN, Police, PA Media, Reuters, BBC, Labour, Riot, Research, Hope, Elon Locations: Rotherham, Southport, England, Britain
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