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Washington CNN —Secret Service acting Director Ronald Rowe provided new details about the assassination attempt of Donald Trump on Tuesday, delivering forceful testimony at a Senate hearing about the agency’s failures earlier this month in Butler, Pennsylvania. But at the joint hearing of the Judiciary and Homeland Security committees, Rowe also highlighted the missteps of local law enforcement on July 13, when the former president was shot. Moving forward, Rowe told the committees, his agency will avoid assuming local law enforcement agencies are fully capable of fulfilling their role in protecting an event. Rowe told the lawmakers that local law enforcement was positioned in a nearby building and should have had a clear line of sight of Crooks on the roof. Tobra claimed that the account in question was “pro-Biden.”The Gab account has also not been conclusively connected to Crooks.

Persons: Ronald Rowe, Donald Trump, Rowe, Thomas Matthew Crooks, Paul Abbate, Abbate, Kimberly Cheatle, Crooks, “, ” Rowe, Gary Peters, Hawley, Peters, it’s, ” Peters, we’d, ”, ” Crooks, Butler, Trump, shirk, “ I’m, they’d, Joe Biden, Sen, Josh Hawley’s, weren’t, John F, Kennedy, Cruz, ” Hawley, Republican Sen, Ted Cruz, Biden, ” Cruz, ” Abbate, Andrew Tobra, Tobra Organizations: Washington CNN, Service, Judiciary and Homeland Security, CNN, Capitol, Secret, Homeland Security, Secret Service, Department of Homeland Security, Biden, Trump, Missouri Republican, Republican, YouTube Locations: Butler , Pennsylvania, Butler, Missouri, Texas, Dallas, United States

Tensions were running high on both sides of the Israel-Lebanon border on Monday in anticipation of an escalation in hostilities, after Israel’s security cabinet authorized its leaders to decide on the nature and timing of an Israeli military response to a deadly rocket attack from Lebanon last weekend. The Israeli military said overnight that its aerial defense systems successfully intercepted an unmanned aircraft that crossed from Lebanon into northwestern Israel. The Israeli military did not immediately comment on those attacks. Hezbollah has denied responsibility for the rocket attack Saturday that struck a soccer field in Majdal Shams. But the Israeli military said the type of rocket used in the attack is Iranian-made and carries more than 50 kilograms (110 pounds) of explosives.

Persons: Majdal Shams, Benjamin Netanyahu, Yoav Gallant, Antony J, Blinken, Isaac Herzog, “, Matthew Miller, Adrienne Watson, Gallant, ”, Mohamed Awada, Hwaida Saad, Edward Wong, Gabby Sobelman, Myra Noveck Organizations: Hezbollah, Israel’s, United, State Department, U.S . National Security Council, Lufthansa Group, East Airlines, Lebanon’s Locations: Lebanon, Majdal, Golan, Israel, Iran, United States, Gaza, Tokyo, Majdal Shams, Iranian, Beirut’s, Beirut, Jerusalem

☆ Ancient monastery in war-ravaged Gaza placed on UNESCO’s danger list
▼ + stars: | 2024-07-29 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —An ancient Christian monastery in Gaza has been added to the List of World Heritage in Danger because of the ongoing conflict in the region. Mohammed Abed/AFP/Getty ImagesThe Monastery of St. Hilarion, known locally as Tell Umm Amer, was simultaneously added to the World Heritage List and the List of World Heritage in Danger, according to an announcement by UNESCO on its website on Friday. “This decision recognizes both the site’s value and the need to protect it from danger,” the organization explained online. The monastery was founded by St. Hilarion and was home to the first monastic community in the Holy Land, according to UNESCO. UNESCO stated: “In view of the threats to this heritage site posed by the ongoing conflict in the Gaza Strip, the World Heritage Committee used the emergency inscription procedure provided for in the World Heritage Convention.

Persons: Mohammed Abed, Hilarion, Umm Amer Organizations: CNN, UNESCO World Heritage Committee, Getty, UNESCO, Fund, St, Monuments Fund, World Heritage, Heritage Convention, Convention, Israel’s Ministry of Foreign Affairs Locations: Gaza, New Delhi, AFP, St, Danger, Gaza City, Africa, Asia

☆ Bitcoin is up more than 50% this year — here are key crypto tax rules every investor should know
▼ + stars: | 2024-07-29 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

After holding crypto for more than one year, you'll qualify for long-term capital gains of 0%, 15% or 20%, depending on taxable income. Higher earners may also owe an extra 3.8% levy, known as net investment income tax. By comparison, short-term capital gains or regular income taxes apply to assets owned for one year or less. New crypto reporting rulesThe U.S. Department of the Treasury and IRS in June released final guidance for digital asset brokers, which phases in mandatory yearly reporting. With limited past reporting on basis, crypto investors can still establish a "reasonable allocation" before Jan. 1, 2025, according to an IRS revenue procedure released in June.

Persons: Donald Trump, Jon Cherry, Adam Markowitz, Andrew Gordon Organizations: Republican, Getty, IRS, Luminary, Internal Revenue Service, U.S . Department of, Treasury, Gordon Law Group Locations: Nashville , Tennessee, Windermere , Florida

☆ Israel says Hezbollah will ‘pay the price’ after blaming it for attack on soccer field that killed 12
▼ + stars: | 2024-07-28 | by ( Rob Picheta | ) edition.cnn.com time to read: +4 min

CNN —Israel vowed Hezbollah will “pay the price” after blaming the Lebanese militant group for a rocket attack in the Israeli-occupied Golan Heights that killed 12 children, touching off fears once again that an all-out war would envelop the region. Hezbollah says it “firmly denies” it was behind the strike, the deadliest to hit Israel since the October 7 attacks. “Hezbollah is responsible for this and they will pay the price,” Gallant said. US Secretary of State Anthony Blinken on Sunday backed Israel’s assessment, saying “every indication” suggested the strike was a rocket fired by Hezbollah. While Hezbollah admitted striking the Golan Heights on Saturday, it rejected responsibility for the attack on Majdal Shams.

Persons: CNN — Israel, “, Majdal Shams, Yoav Gallant, ” Gallant, State Anthony Blinken, ”, Yair Lapid, Shams, Israel, Nasser Kanaani, Israel “, Benjamin Netanyahu Organizations: CNN, Israel’s, Israel’s Ministry of Foreign Affairs, State, UN, Sunday, Israel, Saturday Locations: Lebanese, Golan, Majdal, Lebanon, Iran, Israel, Syria, ” Israel, Gaza, Majdal Shams, United States

☆ Israel vows to hit Hezbollah after rocket kills 12 on football field
▼ + stars: | 2024-07-28 | by ( ) www.cnbc.com time to read: +2 min

Thousands of mourners attended funeral ceremonies on Sunday for the 12 children and teenagers killed by a rocket strike in the Israeli-occupied Golan Heights as Israel vowed swift retaliation against the Hezbollah militia in Lebanon. Hezbollah denied responsibility for the attack on Majdal Shams, the deadliest in Israel or Israeli-annexed territory since Palestinian militant group Hamas' Oct. 7 assault sparked the war in Gaza. Members of the Druze faith, which is related to Islam, Christianity and Judaism, make up more than half the 40,000-strong population of the Golan Heights. "A heavy tragedy, a dark day has come to Majdal Shams," said Dolan Abu Saleh, head of the Majdal Shams local council, in comments broadcast on Israeli television. Hezbollah initially had announced it fired rockets at Israeli military sites in the Golan Heights, but said it had "absolutely nothing" to do with the attack on Majdal Shams.

Persons: Majdal Shams, Benjamin Netanyahu, Antony Blinken, Washington, Dolan Abu Saleh, Shams Organizations: Hamas, U.S, Hezbollah Locations: Lebanon, Majdal Shams, Golan, Israel, Gaza, United States, U.S, Britain, Egypt, Majdal, Syria, Shams

☆ Bill Ackman's IPO of Pershing Square closed-end fund is postponed, NYSE says
▼ + stars: | 2024-07-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the New York Stock Exchange's website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed until a date to be announced, according to the website. Pershing Square declined to comment further. Most of its capital is in Pershing Square Holdings, a $15 billion closed-end fund that trades in Europe. The publicly traded closed-end fund is expected to invest in 12 to 24 large-cap, investment-grade, "durable growth" companies in North America.

Persons: Bill Ackman, Pershing, Ackman, — CNBC's Leslie Picker Organizations: Pershing Square's U.S, New York Stock, Pershing, USA, Pershing Square Holdings, New York Stock Exchange Locations: Europe, North America

☆ Elon Musk is probably getting a little nervous
▼ + stars: | 2024-07-24 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla on Tuesday had a lackluster earnings report that revealed the electric vehicle maker once again missed investor expectations. And Elon Musk is probably a little nervous. Advertisement"I want to be clear that was in Tesla's interest, not contrary to Tesla's interest," Musk said. In Q2 earnings, Tesla reported a 7% decrease in year-over-year automotive revenue, which contributed to the company's diminished profits.

Persons: —, Tesla, Elon Musk, Musk, xAI, Gene Munster, Dan Coatsworth, AJ Bell, Musk's, doesn't, Coatsworth Organizations: Service, Business, Deepwater Asset Management, CNBC, Tesla, Reuters

☆ Avoid the 'Magnificent 7' and buy these lesser-known stocks instead, wealth manager says
▼ + stars: | 2024-07-23 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The so-called "Magnificent Seven" were among the hottest stocks last year, but one wealth manager says they are "wildly overvalued" and has his sights elsewhere. The Magnificent Seven comprises Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla , which continue to be in the spotlight thanks to the buzz around artificial intelligence. Other global stocks Global stocks Dennison is betting on include Fresenius Medical Care , a German health-care company, and Kazatomprom, a Kazakhstan-headquartered producer of uranium. "It is a top position in many pension portfolios and has become a value stock because of the strong Swiss Franc," he said. Value stocks are often cheaper than so-called growth stocks and typically trade at a lower price than what the company's performance indicates.

Persons: Tariq Dennison, Dennison, he's, Russell, Chow, Fook, Tencent, Goldman Sachs, Kazatomprom Organizations: GFM Asset Management, CNBC Pro, Apple, Microsoft, Nvidia, Tesla, Nasdaq, Value, Avantis U.S, Abercrombie, Fitch, Cadence Bank, Commercial Metals, KB, Jackson Financial, Warrior, MTR Corp, Global, Dennison, Fresenius, London Stock Exchanges, U.S, Nestle, Six Swiss Exchange Locations: U.S, China, Hong Kong, Kazakhstan, Swiss

☆ Lebanon is 'not tank country' and an Israeli armored assault there exposes it to Hezbollah's firepower
▼ + stars: | 2024-07-23 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Towards the end of their 34-day war in 2006, the Israeli Army sent tanks into southern Lebanon. Advertisement"Out of the 400 tanks involved in the fighting in southern Lebanon, 48 were hit, 40 were damaged, and 20 penetrated. Israeli tanks suffered losses to Hezbollah during their 2006 war in Lebanon. Any cross-border incursion by Israeli armor would undoubtedly have cover and protection from accompanying infantry, artillery, aircraft, and drones. "The idea is that the first missile is taken out by an Israeli tank's Trophy defense system, but (that active protection system) doesn't have time to counter the second missile.

Persons: —, That's, Hassan Nasrallah, Israel, Nicholas Heras, Ryan Bohl, RANE, Nicholas Blanford, Blanford, RANE's Bohl, Spike ATGMs, Heras Organizations: Service, Business, Hezbollah, New Lines Institute, Israeli Army, GALI TIBBON, Getty, East, Hamas, Atlantic Council, Israel, IDF Locations: Israel, Iran, Lebanon, Lebanese, Russian, Wadi Saluki, Wadi Hujeir, GALI, Gaza, North Africa, Iranian

Navy Federal Flagship Rewards Credit Card ReviewIn a sea of travel credit cards, the Navy Federal Credit Union Visa Signature® Flagship Travel Rewards Credit Card is a standout product for its affordability and value. If you are indeed a Navy Federal Credit Union member, the Navy Federal Credit Union Visa Signature® Flagship Travel Rewards Credit Card is the top-tier offering. Navy Federal Flagship Rewards Card ComparisonNavy Federal Credit Union Flagship Rewards Card vs. Navy Federal Credit Union cashRewards Credit CardThe Navy Federal Credit Union cashRewards Credit Card is another option from Navy Federal, with a $0 annual fee and a welcome bonus of $300 cash back when you spend $3,000 within 90 days of account opening plus a one-time $98 statement credit when you pay $49 or more for an annual Walmart+ membership (offer valid for accounts applied by 10/09/2024). Read our Navy Federal Credit Union cashRewards Credit Card reviewNavy Federal Credit Union Flagship Rewards Card vs. Chase Sapphire PreferredThe Navy Federal Credit Union Visa Signature® Flagship Travel Rewards Credit Card has a lower annual fee than the Chase Sapphire Preferred® Card, which charges $95 per year. Read our Chase Sapphire Preferred Card reviewNavy Federal Flagship Rewards Card Frequently Asked QuestionsWho is eligible for the Navy Federal Flagship Rewards card?

Persons: There's, you'll Organizations: Navy Federal Credit, Card, Federal Credit, Navy, Credit, Amazon Prime, Amazon, Navy Federal Credit Union, Chase, Navy Federal, Service Center, Visa, TSA, Walmart, Federal Credit Union, Department of Defense, National Guard, Credit Union's

☆ Spot ether ETFs begin trading on US exchanges: CNBC Crypto World
▼ + stars: | 2024-07-23 | by ( Jordan Smith | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpot ether ETFs begin trading on US exchanges: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Katherine Dowling of Bitwise Asset Management discusses the launch of several ETFs that track the price of ether directly.

Persons: explainers, Katherine Dowling Organizations: CNBC Crypto, CNBC, Bitwise, Management

☆ Biden dropping out adds more uncertainty to markets. What investors are saying
▼ + stars: | 2024-07-22 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"We will continue to have both bulls and bears because you have both sides who are talking about the uncertainty, increased uncertainty regarding the presidency," Stovall added. A 'Red Wave'? "It seems as if the greatest likelihood is a red wave," Stovall said. Trump trade hurt? To be sure, Sunday's announcement could pump the brakes on the so-called Trump trade seen since the late-June debate.

Persons: Joe Biden's, Biden, Kamala Harris, Sam Stovall, Trump, Stovall, it's, —, PredictIt, Harris, CFRA's Stovall, Wells, Stephen Baxter, Baxter, Oppenheimer, Hogan, Riley, It's, Kim Forrest, Forrest, Fred Imbert Organizations: Trump, CFRA, Democratic National Convention, Republican, Democratic, Medicaid, Med Adv, Bokeh Capital Partners Locations: Friday's

☆ Assessing the Contentious Hearing on the Secret Service
▼ + stars: | 2024-07-22 | by ( Linda Qiu | ) www.nytimes.com time to read: +1 min

Kimberly A. Cheatle, the Secret Service director, faced grueling questions from lawmakers on Monday about the adequacy of her agency’s preparation and response to the assassination attempt on former President Donald J. Trump this month. Ms. Cheatle did not directly respond to many of the lawmakers’ questions. But during her testimony, she rebuffed queries related to the service’s efforts to recruit more women, the actions of a previous director who oversaw the agency during an assassination attempt and a comparison between staffing for Mr. Trump’s event and one held on the same day by the first lady, Jill Biden. While some information about the attempt and the law enforcement response remains unknown, here is the context behind some of the exchanges. What Was SaidRepresentative Glenn Grothman, Republican of Wisconsin: “Could you elaborate why you want one-third of the Secret Service to be women?”

Persons: Kimberly, Donald J, Trump, Cheatle, Jill Biden, Glenn Grothman, ” Organizations: Secret Service, Mr, Republican, Service Locations: Wisconsin

☆ Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds
▼ + stars: | 2024-07-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether , the world's second-largest cryptocurrency. It approved rule changes for exchanges to list ether funds in May. Some of the companies that have been vying to launch ether funds include massive asset managers such as BlackRock, Fidelity and VanEck. The ether ETFs come about six months after the launch of bitcoin ETFs, which saw some of the most successful debuts in the industry's history. The ether funds are not expected to be as popular as the bitcoin funds, in part because the total market for ether is roughly one-fourth the size of the leading cryptocurrencies.

Persons: Matt Hougan, doesn't, Hougan Organizations: U.S . Securities, Exchange Commission, SEC, Fidelity, VanEck, Trust, ETF, Bitwise Locations: BlackRock, U.S

☆ Hungarian Grand Prix: Oscar Piastri wins his first ever F1 race in tense affair highlighted by McLaren team drama
▼ + stars: | 2024-07-22 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —Australia’s Oscar Piastri won his maiden Formula One Grand Prix on Sunday, but probably not in the circumstances he would have dreamed. The McLaren driver qualified second and snatched the lead at the start of the Hungarian Grand Prix from teammate Lando Norris and looked set to take claim victory after driving a commanding race. Piastri leads Norris during the race. His race engineer, Will Joseph, pleaded with him over team radio for multiple laps, urging him to “do the right thing” before Norris eventually gave in. If some people don’t like that, then stay home.”F1 next heads to Spa this weekend for the Belgian Grand Prix.

Persons: CNN — Australia’s Oscar Piastri, Lando Norris, Norris, undercutting ’, McLaren, Piastri, Mercedes, Lewis Hamilton, Mark Thompson, ”, ” Piastri, “, Will Joseph, you’re, ” Norris –, –, Max Verstappen, Rudy Carezzevoli, Hamilton, Ferrari’s Charles Leclerc, Verstappen Organizations: CNN, Formula, McLaren, Prix, Aussie, Red Bull, Belgian Locations: Hungarian, Qatar, Australian, Miami

☆ With Biden's backing, Kamala Harris leads the pack in bid to replace him on the ticket
▼ + stars: | 2024-07-21 | by ( Dareh Gregorian | Yamiche Alcindor | ) www.cnbc.com time to read: +5 min

Vice President Kamala Harris received President Joe Biden's backing to take his place as the Democratic presidential nominee Sunday, an endorsement he made after announcing he is abandoning his re-election bid. Biden's decision to bow out breaks open the nominating process — meaning Harris or any other Democrat could seek the party's nomination. The Democratic National Convention is scheduled to begin August 19 in Chicago and with Biden's backing, Harris became the instant favorite. Harris, the first female vice president, would become the first Black woman and first person of South Asian descent to become a major party nominee. "We are ready to lock in and support Vice President Harris in her new role," Gavito said.

Persons: Joe Biden, Kamala Harris, Joe Biden's, Harris, Biden, Donald Trump, —, Tory Gavito, Gavito, She's, Trump, JD Vance Organizations: U.S, Las Vegas Aces, White, Democratic, Convention, U.S . Senate, American, Biden, Black, NBC News Locations: Washington , U.S, Chicago, Jamaican, Oakland , California, San Francisco, California, Jan, Oakland

☆ Ether ETFs are coming. Here's how Wall Street sees the funds impacting the world's 2nd-biggest crypto
▼ + stars: | 2024-07-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Spot ether ETFs could launch as soon as July 22, reports say. Wall Street has issued a range of outlooks on how the world's second-largest cryptocurrency will move once the ETFs launch. The bank expects these funds to drive $15 billion to $45 billion worth of ether inflows in a 12-month window. Bulls derived their confidence from how bitcoin behaved after its spot ETFs launch in January. They noted bitcoin's first-mover advantage and stressed that the ether token offers functionality that wouldn't be accessible through the ETFs, thus limiting demand.

Persons: —, bitcoin, Nikolaos Panigirtzoglou, CoinDesk, Rachel Lin, Alex Kuptsikevich Organizations: Street, Service, Securities and Exchange Commission, Chartered, Bulls, JPMorgan, Citi, Steno, Reuters, Galaxy Digital, ETH, Business

While stock market holidays also apply to the bond market, the bond market's early closures differ. ET) November 29, 2024 Christmas Day December 25, 2024Bond market holidays 2024The bond market has slight variations in trading hours and holidays/early closures. Its pre-market trading hours are from 4 to 8 a.m., its regular hours are from 8 a.m. to 5 p.m. ET) March 28, 2024 Good Friday March 29, 2024 Day before Memorial Day (closes at 2 p.m. ET) May 26, 2024 Memorial Day May 27, 2024 Juneteenth Holiday June 19, 2024 Day before Independence Day (closes at 2 p.m.

Persons: Martin Luther King, Jr, we've Organizations: SoFi Invest, Stock, Independence, Peoples Locations: U.S, 1p.m

☆ Flights grounded and passengers warned of delays amid global IT outage
▼ + stars: | 2024-07-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Crowds are seen building up at Suvarnabhumi Airport as a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem combine to affect users on July 19, 2024 in Bangkok, Thailand. Several airlines halted flights on Friday, while others warned of delays and services being unavailable as the impact of an unprecedented IT outage was felt globally. Organizations including Microsoft were left scrambling to restore apps and services used by a huge number of firms. Airlines across Europe, the Americas and Asia issued updates outlining the suspected extent of impact on their flight schedules and wider services. ET) that operations were "disrupted," excluding flights already en route, and that it would share further updates shortly.

Persons: Stephen Murphy, Grzegorz Drozdz Organizations: Suvarnabhumi Airport, Microsoft, Belfast International, Sky News, KLM, Air Locations: Bangkok, Thailand, Airlines, Europe, Americas, Asia, Air France

☆ The 'Trump trade' has divided health-care stocks into two camps. How to play the next moves
▼ + stars: | 2024-07-19 | by ( Pia Singh | ) www.cnbc.com time to read: +9 min

UNH 1M mountain UnitedHealth stock over the past month. Think Centene , Molina Healthcare , UnitedHealth and Humana , among others. Managed-care companies historically buck the broader trend of health stocks and outperform in the first year after an election, according to Raymond James. Unlike UnitedHealth, shares have fallen — down 3% — since the June debate. Raymond James sees Oscar Health , HCA Healthcare and Tenet Healthcare as beneficiaries of a victory by the left.

Persons: Raymond James, Chris Meekins, Donald Trump, Joe Biden, quieted, Biden, Meekins, Centene, Trump, Bernstein, Jefferies, David Windley, UnitedHealth, Ben Hendrix, Optum, John Ransom, Piper Sandler, Ransom, Lance Wilkes, Oscar, — Ransom, Oscar's Organizations: Affordable, Trump, UnitedHealth, Republican, Biden, GOP, Federal Trade Commission, Department of Justice, ACA, Medicare, Molina Healthcare, RBC Capital Markets, CVS Health, RBC Capital, DOJ, Humana, Healthcare, GoodRx Holdings, Democratic, Oscar Health, Tenet Healthcare, Aetna Locations: Molina, UnitedHealth, U.S, Thursday's, Florida, Texas

☆ 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

☆ U.S. stock exchanges operating normally, issue with FTSE Russell indexes amid global outage
▼ + stars: | 2024-07-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

A trader works on the floor at the New York Stock Exchange on July 3, 2024. "NYSE markets are fully operational and we expect a normal open this morning," a spokesperson for the exchange said Friday. There were other issues, though: Russell US Indexes, which include the closely watched Russell 2000 small-cap gauge, were not calculating after the market open. "This disruption is affecting FTSE Russell real-time indices. Though the Russell indexes weren't updating on digital platforms, the various indexes were being calculated without interruption.

Persons: Russell, Gregory Falco Organizations: New York Stock Exchange, Nasdaq, NYSE, Russell, Cornell University cybersecurity

☆ Quant prop-trading firm Hudson River Trading hopes to supercharge its trading power by partnering with Google Cloud
▼ + stars: | 2024-07-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

New York-based Hudson River Trading is best known for its market-making capabilities. Hudson River Trading winning any trade over its competitors, like Citadel Securities, Virtu, and Jane Street, comes down to its pricing engine. To help it get there, Hudson River Trading turned to Google Cloud, where its quants have been conducting their research for several months without the constraints of an on-premise environment. "Google Cloud allows us to do that without limits to computing power." Advertisement"In other words, what I'm saying is that we need to predict the future of the stock market," Dunning said.

Persons: —, Jane Street, Iain Dunning, Kevin Lee, Dunning, Ken Griffin's, Italo Brito, Brito Organizations: Service, Hudson, Hudson River Trading, Citadel Securities, Virtu, Business, Trading, Google, Nvidia, HRT, Sigma Locations: New York, Hudson

☆ ‘Twisters’ Is a Fantasy Version of What Climate Collapse Looks Like - The New York Times
▼ + stars: | 2024-07-18 | by ( Chris Vognar | ) www.nytimes.com time to read: +2 min

I first saw the trailer for “Twisters” — which opens in theaters on Friday — in May at a movie theater in Houston, where I live. “You ride ’em.”Yee-haw, I thought in the theater, as I wondered if my air-conditioning at home was back on. Last week, another powerful storm battered Houston, as Hurricane Beryl had a brief but eventful landfall on the South Texas coast. A blockbuster romp like “Twisters” is a safe and sanitized way to experience a natural disaster: as a fantasy. But we can’t let an escapist version of the climate crisis blind us to how woefully unready we are for the effects of the real thing.

Persons: —, I’d, ”, Glen Powell, Daisy Edgar, Jones, ” Yee, Beryl Organizations: Atlantic, Hollywood Locations: Houston, Texas

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