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☆ Why the S&P 500 could drop by 10% by the end of 2024 — and 4 trades to cash in on the turbulence
▼ + stars: | 2024-08-23 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDon't expect the stock market's seemingly unstoppable rally to continue through the end of the year, says Stifel's Barry Bannister. "If Russia makes a countermove in Kursk, it would probably be between the election and January," Bannister said. 4 trades to make amid market turbulenceWith the market poised for a turbulent period ahead, Bannister said he prefers defensive value stocks, particularly the healthcare, utilities, consumer staples, and real estate sectors. "Seventy percent of all the outperformance of defensive or value occurs before a recession is actually declared," Bannister said.

Persons: —, Stifel's Barry Bannister, Bannister, — Bannister, there's, Kamala Harris, Donald Trump, Trump, we're Organizations: Service, Business, Federal Reserve, Utilities, Consumer, UCITS Locations: Russia, Kursk, Iran, China

☆ With $20 Billion Weapons Deal, U.S. Aims to Help Israel and Deter Iran
▼ + stars: | 2024-08-23 | by ( Lara Jakes | Johnatan Reiss | ) www.nytimes.com time to read: +6 min

Top NewsFor months, the Biden administration waited to formally approve $20 billion in future American weapons sales to Israel, including F-15s and medium-range missiles. Almost none of the arms — which also include tank ammunition, tactical vehicles and mortars — are expected to be delivered to Israel for several years at least. The White House has tried to contain domestic opposition to arms for Israel in Congress, while attempting to keep the war against Hamas from escalating into a wider regional conflict. “We will continue to do what is necessary to ensure Israel can defend itself in the face of these threats.”Image An Israeli F-15 in southern Israel last year. Here is a look at the arms sales that the Biden administration notified Congress on Aug. 13 that it has approved.

Persons: Biden, Antony J, Blinken, ”, “, Jack Guez, Benjamin Netanyahu, Israel, —, Bradley Bowman, Mr, Bowman, Israel “, Northrop Grumman, AMRAAMs Organizations: Department, Agence France, Getty, U.S . Army, Foundation of Defense of Democracies, Boeing Corp, Defense Security Cooperation Agency, Dynamics, Northrop, Street Journal, CNN, State Department, Tactical, Oshkosh Corp, General Dynamic Ordnance, U.S, AIM, RTX Corp Locations: Israel, Gaza, United States, Congress, Israeli, Washington, Iran, Ukraine, Russia

☆ Subway announces a new price for footlongs as it enters the value menu wars
▼ + stars: | 2024-08-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —It’s not $5, but Subway is bringing back cheap footlongs and joining the fast food value menu wars. Beginning August 26, Subway will sell any footlong sandwich for $6.99 — a steep discount considering that some footlongs can cost as much as $14 in some cities. It’s the privately held chain’s latest attempt at luring back customers who are balking at rising fast food prices and spending less when they do go out. Subway is owned by a private equity firm and doesn’t often reveal sales like its publicly traded rivals. Technomic data shows that Subway also lags in sales for sides and snacks compared to its competitors.

Persons: New York CNN — It’s, ”, Burger, “, Doug Fry, Dippers, David Henkes, ” Henkes Organizations: New, New York CNN, Subway, Burger King, Starbucks, Sidekicks, CNN Locations: New York, Subway North America, Technomic

☆ Starbucks is giving its new CEO Brian Niccol a private jet to commute between his California home and Seattle office
▼ + stars: | 2024-08-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —New Starbucks CEO Brian Niccol won’t be a constant presence at its Seattle headquarters where he takes the helm next month. Starbucks is giving him a corporate jet to use to commute back and forth. Niccol is also expected to be traveling often, visiting stores and workers since he’s running a global operation of 39,000 stores and 450,000 employees. Earlier this month, Starbucks announced that Niccol would replace Laxman Narasimhan, whose stint as CEO lasted less than two years. Niccol is tasked with turning Starbucks’ fortunes around and mirroring the success he’s had at Mexican-inspired food chain Chipotle for the past six years.

Persons: Brian Niccol won’t, “ Brian Niccol, “ We’re, Niccol, Laxman Narasimhan, he’s, – CNN’s Chris Isidore Organizations: New, New York CNN, Starbucks, CNN, ”, International Energy Agency, Greenpeace, Institute for Policy Studies Locations: New York, Seattle, California, Newport Beach , California

☆ Nonfarm payroll growth revised down by 818,000, Labor Department says
▼ + stars: | 2024-08-21 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. Wall Street had been waiting for the revisions numbers, with many economists expecting a sizeable reduction in the originally reported figures. "The labor market appears weaker than originally reported," said Jeffrey Roach, chief economist at LPL Financial. "A deteriorating labor market will allow the Fed to highlight both sides of the dual mandate and investors should expect the Fed to prepare markets for a cut at the September meeting." Nonfarm payroll jobs totaled 158.7 million through July, an increase of 1.6% from the same month in 2023.

Persons: Jeffrey Roach, Jared Bernstein, Goldman Sachs, Jerome Powell Organizations: Labor Department, of Labor Statistics, BLS, Federal Reserve, LPL, Goldman Locations: U.S, Jackson Hole , Wyoming

☆ Palo Alto Networks finally gets back on track — delivering strong earnings and a promising outlook
▼ + stars: | 2024-08-19 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

After two rough quarters, Palo Alto Networks on Monday evening delivered the type of earnings report we expect from one of the best cybersecurity companies in the world. PANW YTD mountain Palo Alto Networks YTD The issue with billings in recent quarters has been that the high cost of money has resulted in increased negotiations on terms and financing options. Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense. Palo Alto Networks headquarters in Santa Clara, California, US, on Monday, Aug. 14, 2023. Palo Alto Networks Inc. is scheduled to release earnings figures on August 18.

Persons: management's, billings, Dipak Golechha, Nikesh Arora, Arora, Palo, we're, platformization, I've, Jim Cramer, Jim Cramer's, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, LSEG, Total billings, U.S, Networks, billings, Palo Alto, Alto Networks, Cisco Systems, Palo, CNBC, Bloomberg, Getty Locations: Palo, billings, XDR, Palo Alto, Santa Clara , California

☆ Democrats grant special convention access to more than 200 content creators
▼ + stars: | 2024-08-19 | by ( Zach Vallese | ) www.cnbc.com time to read: +3 min

More than 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated "creator credentials" that will grant these influencers special access to the party's convention. The convention committee is providing these creators with exclusive access to the week's events and guests. Creators will not be paid to attend the convention or to produce content while they are there. Like journalists, the content creators will also be responsible for their own transportation and housing expenses. The DNCC is also working with creators who can't attend in person, to grant them remote access to engage with the convention.

Persons: Cayana Mackey, Nance, Kamala Harris, Joe Biden, Harris, Elizabeth Booker Houston, Houston Organizations: Democratic National Convention, CNBC, Democratic, Pew Research Center, DNC, Congressional Black Caucus PAC, United Center Locations: Chicago

☆ Private jet flights are down 15% in two years as Covid-era demand wanes
▼ + stars: | 2024-08-16 | by ( Robert Frank | ) www.cnbc.com time to read: +7 min

Private jet flights fell 15% in the first half of the year compared with their peak in 2022, as the industry grapples with waning demand and a new competitive landscape for high-end travel. Despite a short boost from the Summer Olympics, with a record 713 private jet flights to Paris the last week of July, the private jet industry continues to lose altitude this travel season. Jet It, a large U.S. private jet operator, shut down last year after grounding its fleet of Phenom 300s, Gulfstream G150s and HondaJets. Private jet passengers who paid six figures for flights started facing delays and cancellations as operators couldn’t buy or lease planes fast enough. “Prices are about 20% higher than they were in 2019,” Private Jet Card Comparisons' Gollan said.

Persons: Washington's, J, David Ake, Robert Frank, Covid, Rob Wiesenthal, George Mattson, VistaJet, Thomas Flohr, Doug Gollan, ”, Jay Duckson, —, ‘, I’m, Gollan, Travis Kuhn, “ It’s, ” Gollan, Berkshire Hathaway, ” Kuhn, “ Organizations: Gulfstream, Washington's Reagan National Airport, Getty, Private, Summer, Argus International, Blade Air Mobility, Delta Air Lines, CNBC, Industry, Central Business Jets, Companies, Jefferies, Argus, Berkshire Locations: Arlington , Virginia, Paris, U.S, Covid, Argus, “

☆ Low volatility ETFs have outperformed the market in this summer swoon. Here's what to know
▼ + stars: | 2024-08-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

To start, the major funds that are marketed as "low volatility" or "minimum volatility" have been living up to the label. JPMorgan Asset Management has been a leader in this area, with Equity Premium Income ETF (JEPI) and Nasdaq Equity Premium Income ETF (JEPQ) now holding more than $48 billion in combined assets, according to FactSet. Another area is preferred stock funds. The biggest preferred stock ETF, the iShares Preferred & Income Securities ETF (PFF) , has gained 0.5% in the third quarter, though it has dipped 1.4% over the past month. "And those call features of a growing part of the preferred market has also helped in terms of the rate volatility and the impact."

Persons: Robert Hum, It's, it's, Hum, Yang Tang, John Burrello, Gary Kessler, Dodd Frank, Kessler Organizations: Trust, JPMorgan Asset Management, Nasdaq Equity, Nasdaq, Income Securities ETF, Goldman Sachs Asset Management, Preferred, Hybrid Securities, Federal Reserve Locations: BlackRock

☆ Paris Olympics ratings soar 82% over Tokyo Games, delivering big boost to NBC’s Peacock streamer
▼ + stars: | 2024-08-13 | by ( Liam Reilly | ) edition.cnn.com time to read: +5 min

The 2024 Summer Olympics in Paris drew a combined average of 30.6 million viewers across NBCU’s constellation of platforms, marking an 82% jump in viewership compared to the Tokyo Games and making the Games the most-streamed Olympics of all time. The network’s Spanish-language broadcast on Telemundo also saw a 26% jump over the same period during the Tokyo Games three years ago. “The Olympics reestablished its unique power to reassemble the American media audience,” said Gary Zenkel, the NBC Olympics president. “NBC Nightly News” anchored by Lester Holt averaged 7.6 million viewers during the two-week period, and the “Today” show averaged 3.1 million viewers, the network said. Last month, Comcast reported the streamer had lost 500,000 subscribers in the second quarter, falling to 33 million total, well below Netflix’s 277 million subscribers and Disney’s 153.6 million.

Persons: ”, Peacock, Gary Zenkel, “, NBCU, Al Michael’s, NBCUniversal, Mark Lazarus, Lester Holt Organizations: New, New York CNN, Comcast, Tokyo Games, Telemundo, Olympics, NBC, America, USA, US, France, Netflix, Amazon Prime, Paris Games, Tokyo, Games, Warner Bros, NBA, Paris Olympics, NBCUniversal Media, “ Parks, Studios Locations: New York, Paris, “ Paris

For the first time, Google's Pixel Pro series comes in two sizes with the introduction of the brand new Pixel 9 Pro XL. It's the Pixel 9 Pro that offers something that wasn't available before — a Pixel Pro with a smaller display. AdvertisementPixel 9, Pixel 9 Pro, Pixel 9 Pro XLThe Pixel 9 and Pixel 9 Pro models are evolutions over previous generations. Antonio Villas-Boas/Business InsiderGoogle's Pixel 9 Pro Fold is also a total evolution of the original Google Pixel Fold. AdvertisementThe Pixel 9 starts at $799, the Pixel 9 Pro at $999, the Pixel 9 Pro XL at $1,099, and the Pixel 9 Pro Fold at $1,799.

Persons: Antonio Villas, Google's didn't Organizations: Business, Google, Boas, Apple, Samsung, Galaxy, Gemini

☆ Fact check: Trump made at least 20 false claims in his conversation with Elon Musk
▼ + stars: | 2024-08-13 | by ( Daniel Dale | ) edition.cnn.com time to read: +34 min

Here is a fact check:CrimeTrump claimed, “Our crime rate’s going through the roof.”Facts First: Trump’s claim is false. Facts First: Trump did express uncertainty about the number, but his “like 60 million or something” claim is false. They take ‘em out, and they bring them to the United States.”Facts First: Trump’s claim is baseless. He said, “With Ukraine, so we’re in for $250 billion and they’re in for about $71 billion.”Facts First: Trump’s claim is false. But Trump’s claim that the US has committed or provided far more aid than Europe is not true regardless.

Persons: Donald Trump, –, Elon Musk, Kamala Harris, Trump, Jeff Asher, ” Anna Harvey, “, we’ve, ”, Biden, Gary Griggs, Griggs, Harris, Harris “, ” Trump, wasn’t, Alejandro Mayorkas, Breitbart, ” Roberto Briceño, Venezuela’s, León, Joe Biden, ” Michelle Mittelstadt, can’t, Steven Cheung, Congo ’ Trump, Patrick Muyaya Katembwe, ” Serge Mombouli, Barack Obama’s, Obama, Obama’s, We’ll, Ukraine Trump, Europe Trump, Trump’s, Mike Pompeo, ” Pompeo, China, you’re, ‘, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Ronald Reagan’s, Barack Obama, George W, they’d, Scott Gottlieb, ” Gottlieb, General Merrick Garland, Musk, Alvin Bragg’s, Matthew Colangelo, Colangelo, Bragg, CNN’s Tami Luhby, William Montes Organizations: Washington CNN, Republican, Democratic, Public, New York University, CNN, Major Cities Chiefs Association, Biden, Global, Trump, NASA, Meteorological Organization, University of California, Oceanic, Fox News, The New York, White, Homeland, Central, “, Border, Venezuelan, of, Patrol, Republicans, Migration, Institute, Breitbart, Congo, PAC, Central America Trump, Obama, Customs Enforcement, Policy Institute, ICE, El Salvador, Electoral, Ukraine, Kiel Institute, European Union, European Automobile Manufacturers ’ Association, State, Americas, Crisis, Federal, Defense Department, Food and Drug Administration, FDA, Justice Department, New Locations: Trump’s, Santa Cruz, Gulf of Mexico, Florida, Mar, El Salvador, Guatemala, Honduras, United States, Mexico, Venezuela, “ Venezuela, Congo, Democratic Republic of Congo, Republic of Congo, Africa, Republic of, Washington, Europe, Ukraine, Germany, Kiel, ”, EU, Iran, Lebanon, Israel, China, that’s, Kpler, Malaysia, Afghanistan, Asia, Fulton County , Georgia, Manhattan, New York

CNN —Mediators in talks for a ceasefire agreement between Hamas and Israel are making a last-ditch effort to revive stalled negotiations as the Middle East braces for an Iranian attack on Israel. President Joe Biden announces a proposed ceasefire between Israel and Hamas in Gaza while delivering remarks in the State Dining Room at the White House on May 31 in Washington, DC. The militant group replaced Haniyeh with Yahya Sinwar, the hardline Hamas leader in Gaza who is one of Israel’s most wanted men. He is not interested in either a ceasefire or the full withdrawal of troops.”Why are Thursday’s talks so important? There have been some indications that Iran may abandon plans to attack Israel if a ceasefire deal is reached.

Persons: Joe Biden, Benjamin Netanyahu, Biden, ”, who’ve, Netanyahu, Chip Somodevilla, Ismail Haniyeh, Israel hasn’t, Yahya Sinwar, “ Haniyeh, “, Israel, Zahra, Omar Al, Thursday’s Organizations: CNN, Israeli, White, Thursday’s, Hamas, Getty, Israel, United Nations Locations: Israel, Qatar, Egypt, United States, Gaza, Rome, Washington ,, Rafah, Tehran, Iran, Palestinian, Shujaiya, Gaza City, AFP

☆ Opinion | Meet the New Boss, Same as the Old Boss
▼ + stars: | 2024-08-13 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +1 min

In just a few months, Trump may join the exclusive club of two-time presidential losers. Of course, it is still too early to make any real prediction about November. But the sharp reversal in Trump’s electoral fortunes raises an obvious question worth thinking about now: If Trump loses, and perhaps especially if he loses badly, what comes next for the Republican Party? One of the defining attributes of his leadership of the Republican Party is the extent to which he has so thoroughly reshaped Republican identity while leading Republican politicians to a string of national election defeats. Following Trump’s surprise win in 2016, Republicans either lost or underperformed in 2018, 2020 and 2022.

Persons: Donald Trump, Trump, Andrew Jackson, Abraham Lincoln, Franklin Roosevelt, Ronald Reagan, Trump’s, George H.W, Bush, Doug Mastriano Organizations: Republican Party, Trump, Republican Locations: — Arizona, Georgia, Nevada, Kari Lake, Arizona, Pennsylvania

☆ Tropical Storm Ernesto eyes Puerto Rico while plowing through Caribbean islands
▼ + stars: | 2024-08-13 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Tropical Storm Ernesto is slamming the northern Caribbean with heavy rain, gusty winds and rough seas Tuesday as it sets up to take a swipe at Puerto Rico. Satellite imagery captures Tropical Storm Ernesto churning over the northeastern Caribbean as the sun rises Tuesday morning. Tropical storm warnings are in effect for Puerto Rico and the Leeward Islands, including the US and British Virgin Islands. Rainfall totals of 4 to 6 inches will be widespread, with up to 10 inches possible in parts of Puerto Rico. Flash flooding and mudslides are possible as a result, especially in the higher terrain areas of eastern and southern Puerto Rico.

Persons: Ernesto, It’s, Barthélemy, Bart’s, Hurricane Maria, ” Juan Saca Organizations: CNN, Puerto, National Hurricane Center, NOAA, US, British Virgin Islands, Puerto Rico Tuesday, National Guard, Associated Press, Hurricane, Luma Energy, AP Locations: Caribbean, Puerto Rico, Guadeloupe, Leeward, British Virgin, British, Puerto, Hispaniola, Bahamas, Bermuda, It’s, US East Coast

☆ Sudan at a ‘breaking point’ as civil war rages, UN agency says
▼ + stars: | 2024-08-12 | by ( Michael Mitsanas | ) edition.cnn.com time to read: +3 min

CNN —Sudan is at a “breaking point,” a United Nations agency said Monday, as a growing number of people need food, water, shelter and medical care in a country devastated by intensifying war. “We are at breaking point, a catastrophic, cataclysmic breaking point,” he added. Earlier this month, the UN-backed Famine Review Committee said at least one refugee camp in Sudan’s Darfur region is experiencing famine, which the agency has only declared twice in Sudan’s history. “This was the only safe route for humanitarian aid to reach Central & (South) Darfur,” the agency said Monday in a post on X. “We’ve had extensive engagement with the SAF,” Tom Perriello, the US special envoy for Sudan, told reporters Monday, according to the news agency.

Persons: ” Othman Belbeisi, “ We’ve, Tom Perriello, ” Organizations: CNN, United, Sudanese Armed Forces, SAF, Rapid Support Forces, UN, International Organization for Migration, Food, IOM, US, AP Locations: Sudan, United Nations, East, Africa, Sudan’s Darfur, ”, Darfur, Saudi Arabia, Switzerland, Saudi, Jeddah

PARIS — President Emmanuel Macron celebrated his country’s success at the Olympics and turned the tables on Jimmy Fallon, who hosted Sunday night’s closing ceremony. Speaking with NBC News at the presidential palace in Paris on Sunday, Macron expressed optimism about the potential for the global community to “do great things” together. He said he even appreciated the jokes about French clichés because France was able to show its unique landscapes, heritage and culture over the last two weeks. Macron did mention a few standouts, such as the opening ceremony on the Seine and the 22-year-old French swimmer Léon Marchand’s haul of gold medals. Asked how important the American vote is to the rest of the world, Macron said the U.S. leadership sets a tone for many other countries.

Persons: Emmanuel Macron, Jimmy Fallon, Macron, ”, Fallon, ” Macron, ” Read, Lester Holt ”, Léon, “, ” Paris, Le, Kamala Harris, Donald Trump, ” Keir Simmons Organizations: PARIS, Olympics, NBC News, NBC, White, Doha Madani Locations: France, Paris, Los Angeles, U.S, New York City

☆ After Cold Shoulders for Biden, Senate Democrats Wrap Their Arms Around Harris
▼ + stars: | 2024-08-11 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

When President Biden campaigned in Michigan last month, Representative Elissa Slotkin, the Democrats’ nominee for the state’s open Senate seat, was nowhere to be found. But on Wednesday night, just weeks after that no-show, Ms. Slotkin announced her full-throated support for her party’s new presidential ticket at a Detroit rally. Tim Walz of Minnesota, Ms. Slotkin concluded her speech by delivering her final punch at the Republicans’ vice-presidential nominee, Senator JD Vance of Ohio. Ms. Slotkin is not alone in recognizing the new political landscape since Mr. Biden decided to end his re-election bid. The new energy and rapid coalescing of Democrats behind Ms. Harris and Mr. Walz have drastically changed the strategies of both Democrats and Republicans alike in down-ballot races.

Persons: Biden, Elissa Slotkin, Slotkin, Kamala Harris, Tim Walz, Minnesota, JD Vance, Ohio, you’re, ”, Harris, Walz Organizations: Republicans ’, Buckeye, Republicans Locations: Michigan, Detroit

☆ Lack of worker heat protections despite rising temperatures leave patchwork of guidelines, put workers in danger
▼ + stars: | 2024-08-11 | by ( Robert Ilich | Nic F. Anderson | ) edition.cnn.com time to read: +8 min

CNN —Esteban Wood still remembers the time a 74-year-old Mexican farmer in Homestead, Florida, collapsed on the job from extreme heat. Such outdoor workers include lifeguards, transportation employees, ironworkers, agricultural workers and letter carriers. States like California, Colorado, Minnesota and Washington, have some heat protections for workers but they are not uniform or sweeping. For example, Minnesota’s protections only apply to indoor workers while California’s heat protections include both indoor and outdoor workers. The government must implement wage protections alongside heat protections, said Dr. Kristina Dahl, a principal climate scientist at the Union of Concerned Scientists.

Persons: CNN — Esteban Wood, Wood, Jose Delgado, Delgado, Bill, Greg Abbott, Rob DeSantis, Ana Gonzalez, ’, ”, Mario Tama, El Paso, Collyn Peddie, Travis, Peddie, Brian Renfroe, Eugene Gates Jr, Biden, Renfroe, Kristina Dahl, Dahl, it’s, ” Dahl, ” Veronica Carrasco, Carrasco, ” Carrasco Organizations: CNN, Texas Gov, Florida Gov, AFL, El, Carriers, Union of Concerned, Department of Labor, US Postal Service, Occupational Safety, Health Administration Locations: Homestead , Florida, Florida, Texas, Coachella , California, California, Coachella, California , Colorado , Minnesota, Washington, Houston, San Antonio, Houston’s, United States, Phoenix , Arizona, U.S, Honduran, Dallas, Honduras

☆ Florida man who attacked a postal carrier in a hijab gets 3 years in federal prison
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

Postal Service carrier was sentenced Friday to three years in federal prison. “No one should live in fear of being targeted because of their religious beliefs,” First Assistant U.S. Attorney Michael Davis said said in the attorney’s office statement. The carrier, identified only as a 47-year-old woman of Muslim faith, took note, prosecutors and investigators said in the criminal complaint filed against Pinkney. "Go back to your country," the defendant allegedly told the carrier, according to the U.S. attorney's statement on Friday. She got inside the truck, where Pinkney grabbed her neck and, after a struggle, pulled off her hijab, the U.S. attorney's office said.

Persons: Kenneth Pinkney, “, ”, Michael Davis, Prosecutors, Pinkney, Jeffrey B, Veltri Organizations: U.S . Postal Service, Attorney's, Southern, Southern District of, Prosecutors, FBI Locations: Florida, U.S, Fort Lauderdale, Southern District, Southern District of Florida, Broward County, Israel, FBI Miami

☆ Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America says
▼ + stars: | 2024-08-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

There's still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. Apple Services saw record revenue, leading Mohan to conclude there's plenty of upside ahead for Apple shares as new products debut in September. Apple shares are down about 3% this month. Meanwhile, Netflix shares are down almost 8% over the last month. Palantir "PLTR's dominant position in the AI-powered software market, differentiated end-to-end, ontology-powered & highly secure solutions and first mover advantages should support revenue growth and improving profits in the midterm.

Persons: Palantir, Wamsi Mohan, Tim Cook, Mohan, Jessica Reif Ehrlich, Reif Ehrlich, BofA, Uber, Justin Post, Post, he's bullish, Nvidia, Blackwell Organizations: Bank of America, CNBC, Netflix, Nvidia, Apple, Apple Intelligence, Apple Services, Post, Uber, intel, TAM Locations: Bank

☆ Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical
▼ + stars: | 2024-08-10 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Activist Commentary: Oasis Management is a global hedge fund management firm headquartered in Hong Kong with additional offices in Tokyo and Austin, Texas, as well as the Cayman Islands. Kobayashi Pharmaceutical is a Japan-based pharmaceuticals and consumer products company. It would imbue the company with a sense of urgency to improve operational performance, corporate governance and shareholder value maximization. But that is also a long shot, even at a company with corporate governance issues as we have here. The firm is a top-tier Japan shareholder activist and if anyone can get board seats in Japan, it is Oasis.

Persons: Seth Fischer, Oasis, Kobayashi, Akihiro Kobayashi, Kazumasa Kobayashi, Satoshi Yamane, Ken Squire Organizations: Kobayashi Pharmaceutical, Business, Company, Oasis Management, Oasis, Ain Holdings, Kobayashi's, Tsuruha Holdings, Kao Corp, Taisho Pharmaceutical Holdings, 13D Locations: Japan, Hong Kong, Tokyo, Austin , Texas, Cayman Islands, Asia, Europe, Kobayashi, Hokuetsu, Ain

☆ 41% say the American Dream is impossible to reach now, survey finds—how they define success instead
▼ + stars: | 2024-08-09 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

For some Americans, the American Dream has become more like a vision. That's according to a recent Pew Research Center survey, in which more than 8,700 U.S. adults were asked to describe their views of the American Dream. "The American Dream is changing, according to small-business owners," Fara Howard, GoDaddy's chief marketing officer, told CNBC Make It at the time. Thirty-one percent said they'd already achieved the American Dream, and 36% said they were on the right path toward it. "These views are nearly identical to when the Center last asked this question in 2022," the Pew report noted.

Persons: —, it's, Raj Chetty, Chetty, Michael Sandel, GoDaddy, Fara Howard, Gen Z, Ted Rossman, they'd Organizations: Pew Research Center, CNBC, Harvard University, Harvard's Kennedy School of Government, Harvard Locations: U.S, homeownership

☆ Beware Politicians’ Newfound Love of Crypto - The New York Times
▼ + stars: | 2024-08-09 | by ( Eswar Prasad | ) www.nytimes.com time to read: +2 min

Donald Trump is vowing to make the United States “the crypto capital of the planet,” and a new Republican-sponsored Senate bill demands that the Fed invest billions in bitcoin. All of this might suggest that the crypto world is finally putting its scandals and unsavory reputation as the playground of crooks and financial charlatans behind it. Politicians’ newfound love of crypto probably has more to do with a cynical bid for young voter support and Silicon Valley cash than a maturing of a financially perilous set of assets. If anything, crypto today presents even greater risks to its investors and to our financial institutions than it did before. The fact that the Republican Party is publicly celebrating crypto to American voters could only make matters worse.

Persons: Crypto, Donald Trump, Kamala Harris, Biden, ’, Bitcoin Organizations: Securities and Exchange Commission, Republican, charlatans, Republican Party Locations: United States, bitcoin, Silicon

☆ Olympic Medals Offer Ukraine a Brief Respite From War
▼ + stars: | 2024-08-08 | by ( Constant Méheut | ) www.nytimes.com time to read: 1 min

Yevhen Litvinov was brushing his teeth on Thursday morning when his phone started buzzing — a friend had sent him a YouTube video showing the victory of the Ukrainian boxer Oleksandr Khyzhniak at the Paris Olympics overnight. He hit play and watched Mr. Khyzhniak delivering punch after punch to his opponent, Nurbek Oralbay of Kazakhstan. As the final bell rang and Mr. Khyzhniak’s hand was raised, Mr. Litvinov said he was lifted by a surge of pride. “Pride for the nation, for our athletes,” said Mr. Litvinov, a 48-year-old resident of Kyiv. Since the beginning of the year, Russian troops have steadily gained ground in Ukraine, dampening the public mood.

Persons: Yevhen Litvinov, Oleksandr Khyzhniak, Nurbek, Khyzhniak’s, Litvinov, ”, “ It’s Organizations: Paris Olympics Locations: Ukrainian, Kazakhstan, Kyiv, Ukraine

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