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Inside the sole unit without air conditioning at Mississippi’s largest prison, inmates hang wet sheets from their cell ceilings to dampen the air and lay drenched towels strategically across their bodies. It remained unclear how severe the temperatures inside Unit 29 have been this summer. “But if they need to have air conditioning, they ought to have air conditioning. Lawmakers in Texas and other states without universal air conditioning have balked at the cost of installing it. At Parchman, inmates said heat is but one factor that leaves them feeling forgotten.

Persons: “, Parchman, Jay, Yo Gotti, ”, Burl Cain, MDOC, Roc, Jordan Siev, Reed Smith, Marcy Croft, Department’s, Tate Reeves, Otis Anthony, Cain, ” Anthony, Brown, Nicole Montagno, ” Montagno Organizations: Mississippi, Penitentiary, U.S . Justice Department, Justice Department’s Civil Rights Division, Justice Department, of Corrections, Mississippi Department of Corrections, Justice, Mississippi Today, NBC News, Mississippi State, MJ, Republican Gov, Democratic, State Rep, Democrat, Initiative, Harvard, Lawmakers Locations: Parchman, Mississippi, New York, South, Texas, Boston, U.S

☆ In Aspen, a New Art Fair Follows the Money
▼ + stars: | 2024-08-02 | by ( Ray Mark Rinaldi | ) www.nytimes.com time to read: +1 min

A down art market? None of that matters in Aspen, Colo. At least, that is the theory behind a new art fair in the city when the global arts industry is in a slump. Aspen is both rich and spendy, with one of the highest concentrations of ultrawealthy homeowners in the country. The record was broken again with another Aspen deal just a week later. “All those bursting wallets and bare walls add up to a consistent demand for paintings and sculpture, enough for Rebecca Hoffman, the founder of the Aspen Art Fair, to plunge ahead confidently with her event, even when trade reports show international art spending down more than 10 percent in 2023.

Persons: Doug Leibinger, ” Leibinger, Rebecca Hoffman Organizations: Aspen, Aspen Art Fair Locations: Aspen, Colo, Colorado, U.S

☆ What a historic prisoner swap means for Vladimir Putin’s Russia
▼ + stars: | 2024-08-01 | by ( Nathan Hodge | ) edition.cnn.com time to read: +6 min

Among those headed back to Russia are convicted hackers and several Russian nationals detained in the West for spying. And the biggest prize for Russia was the return of Vadim Krasikov, a convicted hitman whose release had been publicly sought by Russian President Vladimir Putin. Anna Chapman, one of 10 Russian sleeper agents deported from the US in a 2010 prisoner swap, was also feted on her return to Russia. Britain blamed the poisoning on Russia; Russia has consistently denied involvement, although Putin referred to Skripal as a “scumbag” and a “traitor,” his contempt suggesting that Skripal had gotten his just desserts. The release of Russians in the swap means that Russia’s political climate is no less repressive.

Persons: Evan Gershkovich, Paul Whelan, Alsu Kurmasheva, Vladimir Kara, John le, Vadim Krasikov, Vladimir Putin, Krasikov, Zelimkhan, Tucker Carlson, Putin, Khangoshvili, ” Krasikov, Viktor Bout, Brittney, US Department of Justice –, Bout, Anna Chapman, Chapman, ”, Sergei Skripal, Skripal, Yulia, Novichok, Frank Augstein, Alexander Litvinenko, Litvinenko, Andrei Lugovoi, Dmitri Kovtun –, Lugovoi, Alexey Navalny, Navalny, Roman Abramovich, Hillary Clinton, Murza –, –, Alexandra Skochilenko Organizations: CNN, Wall Street, Russia, Berlin Police, US Department of Justice, Hollywood, St ., Economic, Russian, Kremlin, European, of Human Rights Locations: American, Ukraine, Russia, Chechen, Berlin, Russian, St, St . Petersburg, United Kingdom, English, Salisbury, Britain, England, British, Moscow, Washington, United States

☆ Chinese E.V. Makers Rush In and Upend a Country’s Entire Auto Market
▼ + stars: | 2024-07-30 | by ( Daisuke Wakabayashi | Claire Fu | ) www.nytimes.com time to read: +1 min

Ma Haiyang and eight of his colleagues arrived in Thailand a year ago to establish the first overseas operation for GAC Aion, an electric vehicle maker from China. The Aion team set up shop in a Bangkok hotel, commandeering conference rooms and holding meetings in the lobby. They had a long list of things to do: Find office space, recruit dealers and devise a business strategy. The team worked around the clock and, 74 days after arriving in Thailand, sold its first electric vehicle. Chinese electric vehicle manufacturers like Aion are stampeding into overseas markets.

Persons: Ma Haiyang, ”, Ma Organizations: GAC Locations: Thailand, China, Bangkok, Southeast Asia

☆ Traders expect a monster 18% move in Carvana post earnings this week. How to play it
▼ + stars: | 2024-07-29 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

It reports earnings this week and traders are expecting a monster move. Customers can browse a large inventory of used vehicles on Carvana's website, complete with detailed photos, 360-degree views, and vehicle history reports. Their model eliminates most of the negative associations of used car dealers by offering convenience, transparency, and a hassle-free car buying experience without the used car salesman. The company's stock fell more than 80% from February 2020 in the pandemic plunge before rallying 1600% on record used car margins caused by supply constraints due to pandemic shutdowns. CVNA YTD mountain Carvana (YTD) Carvana will report earnings this coming Wednesday after the bell and the 18% earnings-related implied move ranks near the top of the Russell 1000 companies regarding earnings volatility.

Persons: Carvana, Russell, I'm Organizations: Carvana, Machines, CNBC, NBC UNIVERSAL

☆ A Costco gold collector has bought more than $100,000 of coins this year — mostly for flipping
▼ + stars: | 2024-07-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

The real kicker, however, is the company's 2% rewards offer for Executive members, plus an another 2% reward for holders of the Costco credit card. One Costco member told Business Insider says he uses these percentage-point differences to make up to $500 per week buying coins and flipping them to online dealers and to local shops. "For me, gold is gold," he said, "but there's always more demand for Mint." Driving through Texas one day he stopped into a Costco warehouse that happened to have US gold buffalo coins in stock. AdvertisementIn just the past six months, the member has bought more than $110,000 worth of gold, according to credit card transactions reviewed with BI.

Persons: —, it's, there's, he's Organizations: Service, Business, Costco, BI, US, Mint Locations: Swiss, Texas

“Kamala Harris will appoint hundreds of extreme far left judges to forcibly impose crazy San Francisco liberal values on Americans nationwide,” Mr. Trump told the crowd. Mr. Biden’s move upended a presidential race that Mr. Trump and his team had been anticipating for years. But Mr. Trump seemed to make a more considered effort on Friday to define Ms. Harris as further to Mr. Biden’s left. Mr. Trump also repeated his false, widely debunked claims of widespread fraud in the 2020 election, which he has maintained that he won. James Singer, a Harris campaign spokesman, criticized Mr. Trump in a statement for insulting Jewish Americans and lying about the 2020 election.

Persons: Donald J, Trump, Kamala Harris, San Francisco —, —, Harris, “ Kamala Harris, Mr, Biden’s, upended, Biden, ”, Roe, Wade, “, Benjamin Netanyahu, Israel, ” Mr, Israel ”, Biden deputized, James Singer, churchgoers Organizations: Trump, Believers, San, Democratic, Republicans, Mr, Mar Locations: West Palm Beach, Fla, San Francisco, North Carolina, Palm Beach, Israel, Gaza, United States

☆ Toyota will put new engines into 100,000 Tundra trucks and Lexus SUVs
▼ + stars: | 2024-07-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +1 min

CNN —In early June, Toyota announced the recall of nearly 100,000 Tundra pickups and about 3,500 Lexus luxury SUVs to fix a problem that could cause their engines to lose power while driving. The solution, it now says, is simply to replace the entire engine on each one of the 103,500 big trucks and SUVs. The vehicles involved are 2022 and 2023 model year Toyota Tundras and Lexus LX 600s. It is unusual, but not unheard of, for an auto manufacturer to have to replace engines in a recall. Last year, Honda recalled 250,000 vehicles for a problem that could, in some cases, result in engines having to be replaced.

Persons: Max, Honda Organizations: CNN, Toyota, Lexus, Hyundai

GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.

Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg

☆ Here are Wednesday's biggest analyst calls: Tesla, Spotify, Apple, GM, Alphabet, Imax, Disney & more
▼ + stars: | 2024-07-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.

Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu

Bank of America® Customized Cash Rewards Credit Card ReviewThe Bank of America® Customized Cash Rewards Credit Card is a decent option for folks who want more control over how they earn rewards. Bank of America Customized Cash Rewards bonusNew Bank of America® Customized Cash Rewards Credit Card cardholders can earn $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening. How to earn cash back with the Bank of America Customized Cash Rewards credit cardThe Bank of America® Customized Cash Rewards Credit Card has major appeal for folks looking to earn cash back on multiple spending categories. Bank of America Customized Cash Rewards Benefits and FeaturesThe Bank of America® Customized Cash Rewards Credit Card doesn't have many other benefits, but this is common with no-annual-fee credit cards. Bank of America Customized Cash Rewards FeesThe Bank of America® Customized Cash Rewards Credit Card has a $0 annual fee.

Persons: Cardholders, There's, That's, Sherwin, Williams, You'll Organizations: Business Insider, U.S . Bank, Citi, Bank of America, EV, of America, U.S . Bank Cash, Wells, Bank, American Express, CVS, Walgreens, IKEA, Lowe's, Bank of America Online Banking, Merill, Merrill, Card U.S, Citi Entertainment, Cash, Rewards Locations: Bath, Williams, Sonoma

☆ Safe-haven gold firms as Biden move sparks market uncertainty
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +2 min

A one kilogram gold bar sits on top of silver bars at London bullion dealers Gold Investments in London, United Kingdom, on April 4, 2013. Gold prices firmed on Monday as the dollar eased following U.S. President Joe Biden's decision to withdraw from the 2024 presidential race, with investors turning to bullion as a hedge against an uncertain political and market outlook. Spot gold rose 0.2% at $2,405.40 per ounce, as of 0510 GMT, while U.S. gold futures gained 0.3% to $2,407.20. The prospect of rate cuts and political uncertainty in the United States are supporting gold prices, and conditions are in place for gold to see another record high before the end of 2024, said Kyle Rodda, a financial market analyst at Capital.com. Among other metals, spot silver fell 0.5% to $29.11 per ounce, platinum slipped 0.3% to $959.99, while palladium rose 1.1% to $916.18.

Persons: Joe Biden's, Kyle Rodda, Joe Biden, Donald Trump, Trump, Gold, Rodda Organizations: London, Investments, Republican, U.S Locations: London, United Kingdom, United States, U.S, China

☆ Tesla reports second-quarter earnings on Tuesday and investors want a robotaxi update
▼ + stars: | 2024-07-22 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla will report second-quarter earnings after the bell on Tuesday. The company's vehicle deliveries report on July 2 was better than analysts feared, but still represented a decline from the previous year. Retail investors who submitted questions via the Say Technologies platform ahead of time are hoping for answers about the company's delayed plan to unveil its CyberCab, a "dedicated robotaxi" and its progress on self-driving technology in general. Retail investors who submitted questions via the Say Technologies platform ahead of time are hoping for answers about the company's delayed plan to unveil its CyberCab, a "dedicated robotaxi" and its progress on self-driving technology. Investors also submitted questions via Say Technologies about Tesla's progress developing humanoid robotics that the company aims to put to work in its factories.

Persons: Tesla, Elon Musk, LSEG, They're, Donald Trump, Vance, Trump, Musk, Optimus Organizations: Say, Republican, Reuters, Car Dealers Association, Investors, Technologies Locations: Monterrey, Mexico, California

The information for the following product(s) has been collected independently by Business Insider: Alaska Airlines Business Credit Card, Alaska Airlines Visa Signature® credit card, Capital One Spark Miles for Business†. Alaska Airlines Business Credit Card OverviewIf you like to fly Alaska Airlines and are looking to open one of the best small-business cards, the Alaska Airlines Business Credit Card is a great choice. Alaska Airlines Business Credit Card Fees and CostsThe Alaska Airlines Business Credit Card has an annual fee of $70 per company and $25 per card, and doesn't have foreign transaction fees, so it's a useful card to take on trips abroad. Ink Business Preferred® Credit Card vs. Alaska Airlines Business Credit CardThe Ink Business Preferred® Credit Card is an extremely versatile travel rewards business credit card, and our top pick for a business rewards travel card. Alaska Airlines Business Credit Card Frequently Asked QuestionsWhat credit score do I need for the Alaska Airlines Business card?

Persons: it's, aren't, You'll, you'll, who's Organizations: Business Insider, Alaska Airlines Business Credit, Alaska Airlines, Business, Alaska Airlines Business, of America, Oneworld, Alaska, Alaska Airlines Miles Alaska Airlines, American Airlines, Cathay Pacific, Qantas, Bank of America Alaska Airlines Business, Bank of America, Merrill, Emergency Services, Emergency Services Alaska Airlines Business Credit, Bank of, TransUnion . Alaska Airlines Business, Ink, . Alaska Airlines Business, Business † Locations: Alaska, Hawaii, Europe, East, Africa, Hong Kong, Australia, Mexico, Costa Rica, Belize, Canada, Emergency Services Alaska

CNN —On a night Republicans projected bravado around their 2024 presidential ticket, Donald Trump started his prime-time address by displaying a rare vulnerability. The former president’s son Eric Trump delivered conservative red meat, much like his brother Donald Trump Jr. had a night earlier. Little mention of Biden (by name)Trump said Thursday night that he would use Biden’s name only once. Thursday night, CNN reported that many senior-ranking White House and campaign officials now privately believe that Biden must abandon his campaign for a second term – and soon. And especially so on its final night, when the politicians mostly gave way to right-leaning celebrities.

Persons: Donald Trump, Trump, “ I’m, ”, “, ” Trump, I’m, laud, Joe Biden’s, Tucker Carlson, Eric Trump, Donald Trump Jr, bemoaned, Corey Comperatore, Butler, Comperatore, Biden, it’s, Axelrod, Melania Trump, Melania, Hulk Hogan, Kid, Dana White, There’s, Hogan, Terry Bollea, couldn’t, he’s, “ He’s, ” Hogan, – Organizations: CNN, Republican National Convention, Democratic, Trump, Gold Star, Republican, Republicans, White, Biden, RNC, Fighting, ”, Democrats Locations: Pennsylvania, Milwaukee, Butler , Pennsylvania, Comperatore, Chicago, Trump, American

☆ SunPower stock collapses to nearly $1 as company halts leases, installations and shipments
▼ + stars: | 2024-07-19 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Workers install solar panels during a SunPower installation on a home in Napa, California, US, on Monday, July 17, 2023. SunPower stock collapsed more than 40% this week after the company informed dealers that it will no longer support new leases, installations or product shipments, with analysts largely writing the company off as on the verge of going out of business. SunPower stock has lost nearly all of its value the last 12 months, with shares down nearly90% to close at $1.51 on Thursday. "We think this effectively marks the end for SPWR as an operating business," Guggenheim analysts Joseph Osha and Hilary Cauley told clients in a Friday note. "Considering the debt that the company has accumulated, we believe that SPWR's equity no longer has any value."

Persons: Roth, Guggenheim, Joseph Osha, Hilary Cauley Organizations: Guggenheim Securities, CNBC Locations: Napa , California

☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

☆ 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

☆ ‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say
▼ + stars: | 2024-07-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Maskot | Maskot | Getty ImagesBuying a new electric vehicle isn't the only way consumers can access a $7,500 federal EV tax credit. Perhaps the best known of them — the "new clean vehicle" tax credit — is a $7,500 tax break for consumers who buy a new EV. But many auto dealers are also passing along a $7,500 tax break to lessees, via a different (and, experts say, lesser-known) mechanism called the "qualified commercial clean vehicles" tax credit. This EV tax credit "leasing loophole" has likely been a key driver of increased leasing uptake in 2024, Barclays auto analysts said in an equity research note published in June. The $7,500 tax credit enables dealers to charge low monthly payments for leases, thereby helping "stoke demand" for EVs, Barclays wrote.

Persons: Joe Biden, —, Dealers aren't, Ingrid Malmgren, Hyundai Kia, Brian Moody, Autotrader, Moody, Malmgren Organizations: Maskot, Barclays, U.S . Treasury Department, Plug, stoke, EVs, Foreign, Toyota, Hyundai, EV, Consumers Locations: U.S, Asian, North America

☆ Upstate Art Weekend Offers a Year’s Worth of Art in Four Days
▼ + stars: | 2024-07-18 | by ( Will Heinrich | ) www.nytimes.com time to read: +1 min

The list of official participants in this year’s fifth edition of Upstate Art Weekend, a sprawling festival that embraces nearly every art event or exhibition happening north of New York City over the next four days, has reached 145. It’s a dramatic rise from an informal band of some two dozen arts centers and galleries just four years ago, and it now spans 10 counties in New York State. Some events spill over from last year, but there are many new developments. At the Zero Art Fair in Elizaville, nearby, visitors are welcome to take home one available work per day for free under an innovative contract that vests ownership over five years, after which time title will pass to the new owner. The contract was developed for the artist William Powhida (who founded that fair with the artist Jennifer Dalton).

Persons: Audra Wolowiec’s, William Powhida, Jennifer Dalton Organizations: New Art Dealers Alliance Locations: New York City, New York State, Catskill, N.Y, Elizaville

☆ Stock market today: Indexes rise as traders assess earnings and retail sales beat estimates
▼ + stars: | 2024-07-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Bank of America earnings topped estimates, and shares rose early Tuesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks climbed higher as fresh data indicated that consumers were still spending. Excluding autos, sales rose 0.4% against estimates of a 0.1% increase. In the bond market, the 10-year Treasury yield slid moderately, after comments dovish were made by Federal Reserve Chairman Jerome Powell.

Persons: —, Robert Frick, dovish, Jerome Powell Organizations: Bank of America, Service, Navy Federal Credit Union, Bloomberg, Treasury, Federal

☆ Gold drifts higher as U.S. rate cut optimism boosts appeal
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: +2 min

A five hundred gram gold bar, left, and a a one kilogram gold bar, produced by Swiss manufacturer Argor Hebaeus SA, in Budapest, Hungary. Gold prices nudged higher on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues. Spot gold rose 0.1% to $2,423.89 per ounce by 0140 GMT. A rate cut in September is now fully priced in by markets, which may keep sentiments in gold prices well-supported in the lead-up," said IG market strategist Yeap Jun Rong. Investors were awaiting U.S. retail sales data due at 1230 GMT on Tuesday and comments from Fed governors Christopher Waller and Adriana Kugler later this week for further direction.

Persons: Jerome Powell, Powell, Yeap Jun Rong, Christopher Waller, Adriana Kugler, Yeap Organizations: Argor Hebaeus SA, Federal, Investors, Reuters Locations: Swiss, Budapest, Hungary

☆ Gold eases, investors seek more cues on Fed's rate path
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: +2 min

A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024. Gold prices dipped on Monday as the dollar held firm, while investors awaited comments from Federal Reserve officials and economic data for further cues on U.S. interest rate trajectory. The dollar rose on safety bids after an attempted assassination of former U.S. President Donald Trump, which raised his odds of winning. Data sets due this week include U.S. retail sales, industrial output for June and weekly jobless claims. "If we get another big miss on retail sales, it will reinforce there is a sense of urgency to cut rates, which could help gold.

Persons: Donald Trump, I'm, Trump, Matt Simpson, Jerome Powell, Ilya Spivak Organizations: Gold Investments, Federal Reserve, Trump, Index Locations: London, Beijing

☆ Hyundai is accused of falsely inflating EV sales in the US to appease its South Korean owners
▼ + stars: | 2024-07-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

A new lawsuit accuses Hyundai of artificially inflating its EV sales numbers. The lawsuit said one manager told a dealer he had to "hit a number" to appease Hyundai's South Korean owners. Hyundai has reported strong EV sales in recent months, even as demand for electric cars has slowed. AdvertisementHyundai has been accused of artificially inflating its EV sales in a lawsuit filed by a group of dealers. The lawsuit says that the automaker encouraged dealers to falsely record sales of unsold electric models and accused one sales manager of telling a dealership he was "up against the wall" and had to "hit a number" to appease Hyundai's South Korean owners.

Persons: Hyundai's, — Organizations: Hyundai, Service, Business

☆ How did the auto dealer outage end? CDK almost certainly paid a $25 million ransom
▼ + stars: | 2024-07-11 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

Pinpointing exactly who sends a cryptocurrency payment can be complicated by the relative anonymity that some crypto services offer. The ransom payment of $25 million hasn’t been previously reported. A $25 million ransom payment is certainly large but not unheard of in the lucrative ransomware economy. UnitedHealth Group, the health care conglomerate whose subsidiary suffered a ransomware attack in February that hobbled pharmacies across the US, paid a $22 million ransom to a different criminal group. But the average ransom payment in the fourth quarter of 2023 was significantly lower: $568,705, according to cybersecurity firm Coveware.

Persons: —, Chris Janczewski, CDK, Janczewski, Lisa Finney, Finney, Brian MacDonald, ” CDK, ”, Jon DiMaggio, Analyst1, ” DiMaggio Organizations: CNN, CDK, TRM Labs, Bloomberg, CBS, US Department of Health, Human Services, UnitedHealth Locations: North America, Chainalysis

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