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☆ European stocks to extend declines after Bank of England rate cut as global sentiment sours
▼ + stars: | 2024-08-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Boris Roessler | Picture Alliance | Getty ImagesLONDON — European stocks were set to open lower Friday, extending losses amid a global downturn as a busy week of market action draws to a close. Germany's DAX was on course to open 104 points lower at 17,984, according to IG data, with France's CAC 40 down 40 points at 7,325. The regional Stoxx 600 index on Thursday suffered its worst session since mid-June, pulled down by financials as French bank Societe Generale downgraded its outlook and the Bank of England cut interest rates for the first time since 2020. The central bank decision took its key interest rate to 5% from 5.25%, in a move that markets had not been fully convinced it would carry out. Asia-Pacific markets saw steep losses Friday, with Japan's benchmark indexes tanking as much as 5%.

Persons: Boris Roessler, Germany's DAX, BOE Governor Andrew Bailey, BOE, Joe Tuckey Organizations: Getty, France's CAC, Societe Generale, Bank of England, CNBC, Argentex, U.S . Federal Reserve, Bank of, Apple, Intel, U.S . Bureau of Labor Statistics Locations: Frankfurt, Bank of Japan, Europe, Asia, Pacific

☆ Kamala Harris Hires Top Obama Advisers, Building Out Campaign
▼ + stars: | 2024-08-02 | by ( Shane Goldmacher | Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Vice President Kamala Harris, who formally won enough delegates to secure the Democratic Party nomination on Friday, is remaking a campaign hierarchy originally built to re-elect President Biden by adding several new advisers to the top ranks of her staff, including David Plouffe, who managed Barack Obama’s first presidential run. The hirings and promotions continue a whirlwind period for Ms. Harris, who is expected to meet in person with prospective candidates to be her running mate this weekend. The list is said to have narrowed to a half-dozen and the accelerated vetting process, conducted by an outside law firm, is now complete. Her campaign has suggested it will unveil her running mate by Tuesday evening, when the new ticket will hold a rally in Philadelphia to kick off a five-day battleground state tour. Many of the other new additions to Ms. Harris’s team are veterans of the Obama and Hillary Clinton campaigns.

Persons: Kamala Harris, Biden, David Plouffe, Barack Obama’s, Donald J, Trump, Harris, Harris’s, Obama, Hillary Clinton Organizations: Democratic Party Locations: Wilmington, Del, Philadelphia

☆ Judge Chutkan could jumpstart Trump election interference case now that it’s back in her court
▼ + stars: | 2024-08-02 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +8 min

The case returns to Judge Tanya Chutkan one month after the Supreme Court issued a game-changing ruling on presidential power. But the Supreme Court interceded earlier this year and put the case on pause to consider Trump’s claims of presidential immunity. Attorneys working on the case believe that Chutkan will move quickly with the case back in her jurisdiction, according to sources familiar with their thinking. Any move she makes will be under extreme scrutiny, given that it’s the only remining federal case against Trump after the Florida federal judge overseeing his classified documents case, Aileen Cannon, dismissed those criminal charges against Trump and his two co-defendants. Cannon appeared to hold hearings on nearly every motion in the Trump case before her, but Chutkan often rules without hearing from the parties in person.

Persons: Donald Trump, Tanya Chutkan, Chutkan, Trump’s, Jack Smith’s, Mike Pence, Trump, Aileen Cannon, ”, ’ Chutkan, “, ” Chutkan, She’s, “ Tanya’s, it’s, shouldn’t, Tim Parlatore, Cannon, –, CNN’s Holmes Lybrand, Evan Perez, Paula Reid, Casey Gannon Organizations: CNN, Trump, Capitol, DC, Court Locations: Washington ,, Florida, Washington

☆ Barclays profit dips in the second quarter, beats estimates
▼ + stars: | 2024-08-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

LONDON — Barclays on Thursday reported second-quarter net profit attributable to shareholders of £1.2 billion ($1.54 billion), slightly lower than a year ago, as the British lender's net interest income fell. Analysts polled by Reuters had expected attributable net profit of £1.03 billion for the period, according to LSEG data, in a decline from the £1.3 billion logged in the second quarter of 2023. Barclays posted revenue of £6.3 billion for the latest quarter, above a forecast of £6.25 billion. Net interest income at it consumer bank dropped 4% year-on-year to £3.15 billion across the January-June period, as the lender's net interest margin declined from 3.2% to 3.15%. The lender's restructure split the corporate and investment bank across Barclays U.K., Barclays U.K. Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays U.S. Consumer Bank.

Persons: Venkatakrishnan Organizations: Barclays Plc, LONDON, Barclays, Reuters, Tesco Bank, Barclays U.K, Corporate Bank, Barclays Private Bank, Wealth Management, Barclays Investment Bank, Barclays U.S . Consumer Bank Locations: Canary, London, British

The law firm hired by the Harris campaign to investigate potential vice-presidential candidates has completed its work, leaving the final decision — the most important yet of the still-new campaign — squarely in Vice President Kamala Harris’s hands. Covington & Burling, the Washington law firm tasked with the vetting, completed the job on Thursday afternoon and turned over its findings to Ms. Harris, according to two people briefed on the process. The Harris campaign has suggested it will announce the decision by Tuesday evening, when the vice president and her to-be-named running mate begin a five-day tour of presidential battleground states, starting in Philadelphia. Several of the contenders, including Govs. Josh Shapiro of Pennsylvania and Andy Beshear of Kentucky, canceled events this weekend, reflecting both a desire to be available for those conversations and to avoid drawing additional speculation from the news media about their chances.

Persons: Harris, Kamala Harris’s, Josh Shapiro, Andy Beshear Organizations: Burling, Pennsylvania Locations: Washington, Philadelphia, Kentucky

☆ European markets head for mixed open ahead of Bank of England decision
▼ + stars: | 2024-08-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European markets are set to open mixed on Thursday as investors process a raft of central bank action. The Bank of England announces its latest monetary policy decision at midday London time. Market pricing slightly favors a 25 basis point interest rate cut from the U.K. central bank, kicking off its path of monetary easing. Investors are still processing Wednesday's surprise move from the Bank of Japan, which raised its benchmark interest rate to around 0.25%, its highest level since 2008, and hinted at more tightening to come. The decision powered the yen to a four-and-a-half month high against the U.S. dollar, as Japanese stocks tumbled.

Persons: Germany's DAX, Jerome Powell, Powell Organizations: CAC, Bank of England, U.S, Bank of Japan, U.S . Locations: U.S . Federal, —

☆ We live in Dubai. Here are the 7 common mistakes we see first-time visitors make.
▼ + stars: | 2024-08-01 | by ( Christian Sylt | Caroline Reid | ) www.businessinsider.com time to read: +6 min

No need to ball out to see the sights — Dubai has amazing free attractionsThe "Imagine" show at Festival City Mall is incredible. AdvertisementOn the outskirts of Dubai, see the world's biggest 360-degree projection show in Expo City for free. It's easy to get tired in the Dubai Mall if you don't book any free ride servicesThe Dubai Mall can take hours to explore. Caroline ReidThe Dubai Mall is one of the biggest in the world, with more than 1,200 stores spread over millions of square feet. It's so big that it even has a full-size ice rink, a Kidzania theme park, an amusement park, and one of the world's biggest aquariums.

Persons: —, Caroline Reid, Perle, Dragone, we've, Kung Fu, We've, you've Organizations: Service, Business, Dubai, United Arab Emirates, Dubai International Airport, Al, Al Maktoum International, Emirates, du, pats, Marriott, Dreamworks, Festival City, UAE Locations: Dubai, London, UAE, Al Maktoum, Emirates, Expo City, Las Vegas

☆ Bank of England to make knife-edge call on interest rates as markets favor cut: Live updates
▼ + stars: | 2024-08-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. LONDON — Several analysts expect the Bank of England to announce an interest rate cut on Thursday, but a lack of clear signaling from the central bank has shrouded the decision in uncertainty. The Bank Rate has been held at a 16-year high of 5.25% since August 2023. The decision will be announced at midday U.K. time and will be followed by a press conference. Thursday will also see the release of the quarterly Monetary Policy Report, which will contain economic growth and inflation projections.

Persons: BOE Organizations: Bank of England Locations: City of London, London, United Kingdom

☆ European markets head for higher open ahead of euro zone inflation, Fed decision
▼ + stars: | 2024-07-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European markets looked set to maintain positive momentum on Wednesday, with euro zone inflation due and corporate earnings still in focus. On the data front, inflation figures for the euro zone will be published at 10 a.m. London time. It comes after second-quarter gross domestic product for the euro zone came in at 0.3% on Tuesday, slightly higher than expected. In the U.S., the Federal Reserve is expected to keep interest rates steady on Thursday. In Asia, all eyes are on the Bank of Japan as it raised its benchmark interest rate to 0.25% from its previous range of 0% to 0.1% and outlined a plan to taper its bond buying program.

Organizations: HSBC, Adidas, Kanye, Federal Reserve, Bank of Japan Locations: London, U.S, Asia

☆ With tech leaders like Elon Musk turning to Trump, more than 100 Silicon Valley investors pledge support for Harris
▼ + stars: | 2024-07-31 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

A group of right-wing venture capitalists have voiced support for Donald Trump and JD Vance, who was once a venture capitalist himself. "They don't speak for me," she said of Musk and other right-wing Silicon Valley leaders. "They don't speak for most of us. Harris, who was born in Oakland and is known as a pro-business politician, has a more sustained connection to Silicon Valley than Biden did. Next month, Harris will travel to Silicon Valley for a fund-raising trip in her continued effort reclaim the region amid its rightward tilt.

Persons: —, Kamala Harris —, Harris, Reid Hoffman, Mark Cuban, Ron Conway, Leslie Feinzaig, Graham, Walker, Donald Trump, JD Vance, Elon Musk, Marc Andreesen, Ben Horowitz, David Sacks, Trump, Feinzaig, MAGA, " Harris, Biden, Vance Organizations: Service, VCsForKamala.org, LinkedIn, Dallas Mavericks, Business, New York Times Locations: Oakland, Silicon, Silicon Valley

More than 100 venture capitalists said on Wednesday that they had pledged to vote for Vice President Kamala Harris in November and had solicited donations for her presidential campaign, in a rejoinder to the splintering among tech leaders over whom to support in the election. The group includes Reid Hoffman, a founder of LinkedIn; Vinod Khosla of Khosla Ventures; Mark Cuban, the former principal owner of the Dallas Mavericks; Ron Conway, a well-known angel investor; and the billionaire Chris Sacca. “We are pro-business, pro-American dream, pro-entrepreneurship and pro-technological progress,” the group said in a statement posted to their website, VCsForKamala.org. “We also believe in democracy as the backbone of our nation.” The website asks people to sign a pledge to support Ms. Harris and another to donate to her campaign. The effort was buttressed by another group of tech entrepreneurs and workers called Tech For Kamala, which also wrote a letter this week expressing “enthusiastic and unwavering support for Vice President Harris.” The letter gathered more than 550 signatures in two days.

Persons: Kamala Harris, Reid Hoffman, Vinod Khosla, Mark Cuban, Ron Conway, Chris Sacca, “, Harris, ” Organizations: LinkedIn, Khosla Ventures, Dallas Mavericks, Tech, Kamala

☆ Bank of England's rate cut is on a knife-edge even with inflation on target
▼ + stars: | 2024-07-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Market pricing on Wednesday morning suggested a 60% probability of a rate cut at the BOE's Aug. 1 meeting. That is far less conviction than traders had before the European Central Bank enacted its own rate cut at the start of June; while pricing for the U.S. Federal Reserve to cut for the first time in this cycle in September has hit 100%. watch nowIn both May and June, seven MPC members voted to hold, as two voted to cut by 25 basis points. Headline U.K. inflation spiked higher than in the U.S. and euro zone over the last two years, but has also cooled more quickly. "I would rather hold rates until there is more certainty that underlying inflationary pressures have subsided sustainably," Haskel said.

Persons: Mike Kemp, BOE, Jonathan Haskel —, —, Haskel Organizations: of England, Bank of England's, European Central Bank, U.S . Federal Reserve, MPC Locations: City of London, U.S, BOE, U.K

Everything is different now for Democrats. Their crowds are dancing. The celebrities — from Southern rappers to Hollywood actors — are showing up. And by the time Vice President Kamala Harris took the stage on Tuesday night in Atlanta for what her aides billed as the kickoff for her new-and-improved campaign, it was clear that President Biden had been left a distant memory — a name not even mentioned in her remarks. “The momentum in this race is shifting,” she declared from behind a lectern embossed with the vice-presidential seal.

Persons: Beyoncé, —, Kamala Harris, Biden, ”, Donald Trump, Ms Organizations: Democrats, Democratic Party, Mr Locations: Southern, Atlanta

☆ Kamala Harris gets support of more than 100 VCs and tech execs in online pledge
▼ + stars: | 2024-07-31 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center in Atlanta on July 30, 2024. More than 100 VCs on Wednesday pledged their support to Vice President Kamala Harris, the de facto Democratic nominee, as she ramps up her campaign to take on Trump in the November election. The group, calling itself VCs for Kamala, is made up of investors and entrepreneurs from a range of established and rising funds, and different demographic groups. "We spend our days looking for, investing in and supporting entrepreneurs who are building the future," the group said in its pledge. The VCs for Kamala list highlights a deepening political divide in Silicon Valley and the broader tech industry.

Persons: Kamala Harris, Donald Trump, Kamala, Vinod Khosla, Reid Hoffman, Mark Cuban, Aileen Lee, Rebecca Kaden, Elon Musk, VCs Marc Andreessen, Ben Horowitz, Trump, Musk, Shaun Maguire, 8VC's Joe Lonsdale, Musk's, David Sacks, Hoffman, Greylock, Harris, Erika Lucas Organizations: Republican, Democratic, Trump, Khosla Ventures, LinkedIn, Dallas Mavericks, Cowboy Ventures, Union Square Ventures, America PAC, Sequoia, Craft Ventures, Republican National Convention, Musk, Convention Locations: Georgia, Atlanta, Silicon Valley, Chicago

There were also the white women, in a Zoom-busting paroxysm of solidarity and angst. The speakers included two white dudes on the shortlist to be Ms. Harris’s running mate — Gov. Image The actor Joseph Gordon-Levitt joined the “White Dudes for Harris” call. (The “White Dudes for Harris” call, at the end of its three-hour 20-minute run, had brought in more than $4 million.) He had seen a link for the “White Dudes for Harris” trucker hat and wanted one.

Persons: Kamala Harris, Harris, ”, ” marveled Bradley Whitford, Harris’s, “, Donald J, Trump, — Gov, Tim Walz, Pete Buttigieg —, Josh Groban, Lance Bass, Mark Hamill, Roy Cooper of, JB Pritzker, JD Vance, Biden, Barack Obama’s, Cena, Joseph Gordon, Levitt, Ross Morales Rocketto, ” Mr, Morales Rocketto, aren’t MAGA, Biden’s, Kamala, Harris ”, Connie Britton, Karens, Glennon Doyle, Ms, Doyle, Shannon Watts, ” Donald Trump Jr, Morales Rocketto sighed, Jeff Bridges, Buttigieg, Adam B, Schiff, California Organizations: South Asian, Wing, Democratic, Gov, Illinois, Democratic Party, YouTube, aren’t MAGA Republicans, Republican Party, Senate Locations: Minnesota, Roy Cooper of North Carolina, “

☆ Harris Plans to Campaign Next Week With Her Running Mate
▼ + stars: | 2024-07-30 | by ( Reid J. Epstein | More About Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Vice President Kamala Harris is planning to travel to six battleground states with her yet-to-be-named running mate over four days next week, according to two people briefed on the plans. Aides to Ms. Harris are penciling in travel for the new Democratic ticket beginning next Tuesday and running through Friday, according to the two people, who insisted on anonymity to discuss sensitive plans that have not been finalized. The draft travel schedule suggests that Ms. Harris will name her running mate no later than next Tuesday, earlier than the deadline on Aug. 7 that her campaign set last week to have the vice-presidential nominee in place. Reuters was first to report that she was scheduled to campaign with her running mate next week. Details on which states Ms. Harris and her running mate will visit first, or on which day, were still being worked out Tuesday afternoon.

Persons: Kamala Harris, Harris, Ms Organizations: Democratic, Reuters Locations: Arizona , Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin

How the election is dividing techThe tech world has long been divided by rivalries: Macs versus PCs, open source versus closed source. It’s a reminder, as DealBook has noted, that Silicon Valley’s libertarian wing is feeling more emboldened to flex its money and influence to buck what has become a traditionally Democratic consensus. Who’s who: Some of the most vocal Democratic donors among the tech elite are Hoffman; Vinod Khosla, the venture capitalist; Aaron Levie, the C.E.O. On the Republican side are a camp of libertarians that includes Musk and the investors Peter Thiel, David Sacks, Marc Andreessen and Ben Horowitz. Then there are those staying neutral, including Mark Zuckerberg of Meta, who are ostensibly trying to avoid antagonizing whoever wins in November.

Persons: Elon Musk, Reid Hoffman, Ryan Mac, Erin Griffith, Mike Isaac, DealBook, Who’s, Hoffman, Vinod Khosla, Aaron Levie, Roger McNamee, Peter Thiel, David Sacks, Marc Andreessen, Ben Horowitz, Mark Zuckerberg, Meta Organizations: Republican

☆ In Harris, business leaders tired of Biden see a potential friend
▼ + stars: | 2024-07-30 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Some business leaders and wealthy donors are hopeful that Harris will adopt more centrist policies as she outlines her agenda, especially by dialing back Biden-era antitrust crackdowns. “CEOs are wildly excited about Harris,” Jeffrey Sonnenfeld, founder and president of the Yale Chief Executive Leadership Institute, told CNN in a phone interview. Sonnenfeld pointed to confidence that Harris will protect the rule of law and hopes for recalibrated trade, regulatory and tax policies. Meanwhile, Harris, somewhat of an unknown commodity on business policy, hasn’t said much about where she stands. Another key sticking point is energy, where Trump has tried to blame the Biden-Harris administration for periods of high gas prices.

Persons: Kamala Harris, Harris, Biden, ” Jeffrey Sonnenfeld, Sonnenfeld, Lina Khan, Khan’s, hasn’t, “, ”, Greg Valliere, Democratic megadonor Reid Hoffman, Khan, Hoffman, Barry Diller, Diller, It’s, ” Diller, ‘, haven’t, PCCC, Adam Green, Harris –, ” Green, Lina Khan –, ” Sonnenfeld, “ It’s, Douglas Farrar, Donald Trump, Joe Biden, Trump, ” Trump, “ You’re, Lauren Hitt, didn’t Organizations: New, New York CNN, Biden, Big Tech, Democratic, Yale, Leadership, CNN, Federal Trade Commission, Progressives, AGF Investments, Business, Big Oil, Microsoft, FTC, “, Activision, CNBC, IAC, Progressive, Khan, Public Citizen, AFL, NAACP, Harris Administration Locations: New York, North Carolina

☆ With Dueling Ads, Harris and Trump Both Try to Define Her as a Candidate
▼ + stars: | 2024-07-30 | by ( Reid J. Epstein | Nicholas Nehamas | ) www.nytimes.com time to read: +1 min

The race to define Vice President Kamala Harris began in earnest on Tuesday, with both her campaign and former President Donald J. Trump’s team unveiling television advertisements that aim to explain her biography to voters in battleground states. “Kamala Harris has always known who she represents.”Mr. Trump’s new ad, meanwhile, attacks her as being weak on the border. It suggests that she is responsible for millions of border crossings and a quarter-million deaths from fentanyl, which the ad says occurred “on Harris’s watch.” It closes with a new Trump tagline for Ms. Harris: “Failed. Dangerously Liberal.”Just over a week ago, Ms. Harris replaced President Biden as the Democratic Party’s standard-bearer. Despite being the vice president and having represented the nation’s largest state as one of California’s senators, Ms. Harris is relatively unknown by many of the voters in battleground states who are likely to decide the presidential election.

Persons: Kamala Harris, Donald J, Trump’s, “, “ Kamala Harris, Mr, Harris, ”, Biden Organizations: Trump, Liberal, Democratic

☆ Europe stocks head for mixed open ahead of central bank meetings; Standard Chartered announces $1.5 billion buyback
▼ + stars: | 2024-07-30 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

LONDON — European markets are set to see a mixed start to Tuesday, as earnings continue to dominate stock action and investors brace for U.K. and U.S. central bank decisions. The U.K.'s FTSE 100 index is seen slipping just below the flatline, according to IG data, while France's CAC 40 and Germany's DAX rise just 8 and 21 points, respectively. U.K. bank Standard Chartered announced its biggest-ever share buyback, of $1.5 billion, as it raised its outlook in half-year results. Oil major BP hiked its dividend as it beat second-quarter earnings estimates.

Persons: Germany's DAX Organizations: CAC, Chartered Locations: U.S

☆ Johnnie Walker-maker Diageo plunges 10% on full-year sales decline, but Guinness a bright spot
▼ + stars: | 2024-07-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

John Morrissey serves pints of Guinness at a traditional Irish pub in Dublin on May 21, 2024, in Dublin, Ireland. Shares of spirits giant Diageo tumbled more than 10% on Tuesday morning, after the Johnnie Walker-maker posted its first sales decline since the start of the pandemic. The London-based company said organic net sales dropped 0.6% in the full-year to June 30, largely due to weakness in the Latin America and Caribbean region. Reported net sales were down 1.4%. "The situation in Latin America is concerning as it was the primary reason for the profit warning earlier in the year.

Persons: John Morrissey, Johnnie Walker, Smirnoff, Captain Morgan, Don Julio, Tanqueray, Chris Beckett, Cheviot Organizations: Diageo, Guinness, Revenue Locations: Dublin, Ireland, London, America, Caribbean, North America, Europe

☆ French telecoms network hit by vandalism within days of arson attacks against national railways
▼ + stars: | 2024-07-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Normal train service had resumed on the French rail network by Monday — when authorities reported damage to telecoms infrastructure, which caused local power outages and raised the specter of further national disruption. Secretary of State for Digital Affairs Marina Ferrari that France's telecoms network was experiencing isolated outages due to damage carried out overnight in several regions. It was not immediately clear whether vandalism to the telecoms network was connected to the damage and arson carried out on the rail network last week. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: —, State for Digital Affairs Marina, Ferrari, Dmitry Peskov, Gerald Darmanin, Darmanin Organizations: Paris, Olympics, State for Digital Affairs, CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Vandieres, France, Paris, Russia, U.S

☆ Roy Cooper Withdraws From Harris’s Vice-Presidential Field
▼ + stars: | 2024-07-29 | by ( Shane Goldmacher | Reid J. Epstein | ) www.nytimes.com time to read: 1 min

Roy Cooper of North Carolina, who had been seen as a leading contender to become Vice President Kamala Harris’s running mate, has withdrawn from the vice-presidential sweepstakes. Mr. Cooper confirmed the news, reported earlier by The New York Times, in a social media post on Monday night. “This just wasn’t the right time for North Carolina and for me to potentially be on a national ticket,” Mr. Cooper wrote. “She has an outstanding list of people from which to choose, and we’ll all work to make sure she wins.”Mr. Cooper, who previously served as chairman of the Democratic Governors Association, was asked last week by the Harris campaign to be vetted for vice president but declined to participate, according to two people engaged in the process, who spoke on the condition of anonymity to describe private conversations.

Persons: Roy Cooper of, Kamala Harris’s, Cooper, Mr, “, ” Mr, Harris Organizations: The New York Times, North, Democratic Governors Association Locations: Roy Cooper of North Carolina, North Carolina

☆ Why the Kamala Harris of Four Years Ago Could Haunt Her in 2024
▼ + stars: | 2024-07-29 | by ( Reid J. Epstein | ) www.nytimes.com time to read: 1 min

When she ran for president the first time, Kamala Harris darted to the left as she fought for attention from the Democratic Party’s liberal wing. After she dropped out, social and racial justice protests swept across the country in the summer of 2020, and Ms. Harris joined other Democrats in supporting progressive ideas during what appeared to be a national realignment on criminal justice. One presidential cycle later, with Vice President Harris less than a week into another race for the White House, video clips of her old statements and interviews are being weaponized as Republicans aim to define her as a left-wing radical who is out of step with swing voters. Former President Donald J. Trump is calling out her past positions and statements at his rallies, and on Monday his campaign began reserving time for television advertisements that are likely to resurface videos of Ms. Harris.

Persons: Kamala Harris darted, Harris, Donald J, Trump Organizations: Democratic Party’s, White

☆ Heineken shares fall 7% after first-half profit miss
▼ + stars: | 2024-07-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Heineken shares opened nearly 7% lower on Monday, after the brewing giant's first-half profit growth came in weaker than analysts had expected. In an update that had been keenly-awaited by analysts, Heineken revised its operating profit organic growth forecast for the year to a range between 4% to 8%. The major miss was in Europe, which saw just 0.2% profit growth versus an expectation of 15.1%, largely because of increased promotional spending in a competitive market, Barclays said. Heineken said it "consolidated leadership" in low and no-alcohol beer sales, with Heineken 0.0 — a no-alcohol beer — up 14%.

Persons: Heineken, Dolf van den Brink, CNBC's, Van den Brink Organizations: Heineken, Beer, CR, Barclays, CNBC Locations: San Anselmo , California, London, China, Europe, Brazil, Egypt, Vietnam

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