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  + stars: | 2024-07-30 | by ( Alani Asis | Paul Kim | Read More | ) www.businessinsider.com   time to read: +15 min
51% of drivers do not trust their car insurance providers and car insurance costs continue to rise, up by 11.2% in 2023-2024. Get Car Insurance Quotes Compare affordable car insurance quotes online in minutes. How to shop for car insuranceIf you're in the market for car insurance, here's a step-by-step guide to finding the best and cheapest car insurance for you. Factors That Affect Car Insurance QuotesPersonal FactorsOne personal factor that affects your car insurance quotes is your age and gender. How to Compare Car Insurance Quotes FAQHow often should I compare car insurance quotes?
Persons: , You'd, you've, You'll, you'll, Alani Asis Alani Asis, Forbes, She’s, Read Organizations: Get, Insurance Information Institute, Car Insurance, Liberty Mutual, Amica, Farm, Farmers Insurance, Liberty Mutual Teachers, Auto, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa
While multiple officers were charged in connection with the massacre, Calley was the only one convicted. “Calley and his men rounded up these civilians and then Calley ordered his men to kill them.”The massacre lasted for hours. A ditch in My Lai village, Vietnam, where US troops killed Vietnamese civilians on March 16, 1968. Kham/ReutersThe fragile lineThousands of miles away and 30 years later, those who lost loved ones in the My Lai massacre would tell CNN they were never truly able to move on. “There is not a day that goes by that I do not feel remorse for what happened that day in My Lai,” Calley said, according to the Columbus Ledger-Enquirer.
Persons: William L, Calley Jr, Calley, Charlie, Lai, , Bill Allison, ” Allison, , Fred Borch, Borch, Charlie Company –, ” Calley, , ” Borch, “ Calley, Brad Lendon, Hugh Thompson, Thompson, he’d, “ Thompson, Ron Ridenhour, Seymour, Allison, Fort Moore, Calley’s, Richard Nixon, Nixon, ” Thompson, Lawrence Colburn, Nguyen Chung, Calley –, – Borsh Organizations: CNN, Army, The Washington, Social Security Administration, Charlie Company, Loan, Georgia Southern University, US Army, American Army, US, General’s Corps, House Armed, 11th Brigade, Armed Services Committee, Military, Gallup, The New York Times, Associated Press, Kiwanis Club, Greater, Columbus Ledger Locations: Gainesville , Florida, Vietnam, Saigon, My Lai, South Vietnam, Viet, Geneva, Lai, Fort Benning, Kham, Greater Columbus, Georgia
Pinterest shares tumble nearly 15% on weak guidance
  + stars: | 2024-07-30 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +3 min
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Pinterest said that it had 522 million global monthly active users (MAU) for the second quarter, topping analyst estimates of 520.1 million. Additionally, Pinterest reported second-quarter global average revenue per user (ARPU) of $1.64, in line with analyst estimates. However, the company's YouTube advertising sales were $8.66 billion during that period, coming in lower than analyst estimates of $8.93 billion.
Persons: Bill Ready, Pinterest, we're, Julia Brau Donnelly, Donnelly Organizations: New York Stock Exchange, Analysts, ., U.S, U.S ., YouTube, Meta Locations: New York City, U.S, LSEG, Canada, Europe
New York CNN —Bill Ackman, billionaire hedge fund manager and chief executive of Pershing Square Capital Management, is seeking $2 billion to take the company’s investment fund public. In a letter to strategic partners last week, Ackman said that he expected to raise between $2.5 billion to $4 billion. The company will offer 40 million shares priced at $50 apiece, according to a Tuesday filing with the US Securities and Exchange Commission. That would be an additional $300 million value for the investment fund, Pershing Square USA. Pershing Square officially hung up its activist megaphone in 2022, opting to work with a small group of companies behind the scenes.
Persons: Bill Ackman, Ackman, ” Ackman, Pershing, Organizations: New, New York CNN, Pershing, Capital Management, Wall, US Securities and Exchange Commission, Underwriters, Citigroup, Bank of America, Jefferies, USA, New York Stock Exchange, Herbalife, Trump Locations: New York, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe time for the Fed to put in forward guidance is now, says Milken's William LeeBill Lee, The Milken Institute, joins 'Power Lunch' to discuss the mock Fed vote to hold rates.
Persons: Milken's William Lee Bill Lee Organizations: Fed, The Milken Institute
New York CNN —The National Association of Black Journalists is trying its best to weather a storm of backlash. GET RELIABLE SOURCES IN YOUR INBOX A daily digest chronicling the evolving media landscape with uncompromising reporting and analysis. While Attiah said a “variety of factors” influenced her decision, she specifically homed in on the Trump interview when making her abrupt announcement. “The Harris for President campaign team worked very closely with NABJ leadership to find an alternative option,” the person said. “The Harris for President team still welcomes the opportunity to make one of the alternative options happen.”
Persons: Donald Trump, Rachel Scott, Harris Faulkner, Kadia Goba —, Karen Attiah, Attiah, , Trump, ” Attiah, MAGA, , Ryan, , Symone Sanders, Kamala Harris, don’t, ” Sanders, Barack Obama, Bill Clinton, George W, Bush, Harris, ” “ Harris Organizations: New, New York CNN, National Association of Black Journalists, Wednesday, Trump, ABC News, Fox News, The Washington Post, White, White House, MSNBC, Republican, CNN, Democratic, Chicago Locations: New York, Chicago, The, United States
Standard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs. StanChart's statutory pre-tax profit for the first half climbed 5% to $3.49 billion, just ahead of a consensus estimate compiled by the bank. Asia-focused global banks including StanChart and rival HSBC have benefited in recent years from higher interest rates and relatively stronger economic growth and wealth generation in the region. But in China, slowing economic growth and the country's property sector crisis have been a concern for Western banks. StanChart has made provisions totaling $1.2 billion for potential bad loans in China's commercial real estate sector so far this year.
Persons: Bill Winters, StanChart, Sadia Ricke Organizations: Chartered, Tuesday, HSBC Locations: Hong Kong, London, Asia, Africa, China
CNN —Vice President Kamala Harris went on the offensive on immigration at her rally in Atlanta Tuesday, attempting to counter former President Donald Trump’s attacks on the issue. It paints Trump as unserious on border security and cites his decision to scuttle the bipartisan immigration deal that included some of the toughest border security measures in recent memory. The video comes on the heels of two Trump campaign ads taking direct aim at Harris’ immigration portfolio. While another shows a video of Harris dancing at an event, stating: “This is America’s border czar — and she’s failed us.”Both ads conclude by describing Harris as “failed. Biden administration officials have repeatedly maintained that Harris focused on long-term fixes, while the Department of Homeland Security remained responsible for overseeing border security.
Persons: Kamala Harris, Donald Trump’s, Trump, ” “ Donald Trump, ” Harris, , , you’ve, Harris, “ Kamala Harris, Donald Trump, Joe Biden, , she’s, Biden Organizations: CNN, , Capitol, Trump, Border Patrol, Republican, Harris, NBC, Department of Homeland Security Locations: Atlanta, California, Georgia, Mexico, Central America, Europe
Hopscotching around the East Coast on credit card rewardsMy oldest daughter shares my passion for all things related to aviation and space, and she would love to have a career in the aerospace industry. We easily earn these points from personal cards like our Chase Sapphire Preferred® Card and business cards like the Ink Business Preferred® Credit Card. Also, I hold a Southwest Airlines Companion Pass, which I earned from signing up for the Southwest Rapid Rewards® Plus Credit Card and the Southwest® Rapid Rewards® Performance Business Credit Card. I use the World Of Hyatt credit card and the World of Hyatt Business Credit Card to earn points, but it's also a transfer partner of Chase Ultimate Rewards. Continuing to the northeastWe arrived late at night and stayed at Hyatt Place by the Washington DC National Mall, again with World of Hyatt points.
Persons: , It's, it's, Chase, Riddle, Johns Organizations: Service, Business, Embry, Riddle Aeronautical University, Southwest, Chase, Chase Sapphire, Southwest Airlines, Hyatt House, Orlando Airport, Hyatt, Hyatt Business, Card, Reagan National Airport, Washington DC National, U.S . Naval Academy, Naval Academy, Johns Hopkins Applied Physics, University of Delaware, Hyatt Place Locations: Denver, East, Daytona Beach , Florida, Daytona, Orlando, Florida, Washington, Annapolis , Maryland, Baltimore, Newark , Delaware, New York City, La Guardia
The Senate on Tuesday passed bipartisan legislation to impose sweeping safety and privacy requirements for children and teens on social media and other technology platforms, voting overwhelmingly to send the measure to the House, where its fate was uncertain. Passage of the measure, which has been the subject of a dogged advocacy campaign by parents who say their children lost their lives because of something they found or saw on social media, marked a rare bipartisan achievement at a time of deep polarization in Congress. Despite the lopsided support among Republicans and Democrats, the package faces a fierce lobbying effort by technology companies that are resisting new regulation, and deep skepticism among free speech advocates who argue that it would chill individual expression and potentially harm some of those whom the bill aims to protect. The vote was 91 to 3 to approve the measure, sending it to the House, which is in a summer recess until September. The legislation is the product of years of work by lawmakers and parents to overhaul digital privacy and safety laws as social networking sites, digital gaming and other online platforms increasingly dominate children’s and teens’ lives.
Persons: Organizations: Democrats
Last week, the American Civil Liberties Union sent 300 high school students to Capitol Hill to lobby against the Kids Online Safety Act, a bill meant to protect children online. The teenagers told the staffs of 85 lawmakers that the legislation could censor important conversations, particularly among marginalized groups like L.G.B.T.Q. “Regardless of your political perspective, this looks like a censorship bill.”The effort was one of many escalations in recent months by those who oppose the bill. In June, a progressive nonprofit, Fight for the Future, organized students to write hundreds of letters to urge lawmakers to scrap it. Conservative groups like Patriot Voices, founded by the former Republican senator Rick Santorum of Pennsylvania, are also protesting with an online petition.
Persons: , Anjali Verma, Rick Santorum Organizations: American Civil Liberties Union, Capitol, Kids, Bucks, Conservative, Republican, Pennsylvania Locations: Bucks County, Pa
CNN —Newly released audio recordings show the former Sangamon County, Illinois, sheriff’s deputy who fatally shot Sonya Massey was previously reprimanded at another agency for filing an inaccurate report about a traffic stop and pursuit. “If we can’t trust what you say and what you see, we can’t have you in our uniform,” Miller told Grayson. “Others will say you have no integrity, and you’re lying to get to that traffic stop,” Miller said at another point. He resigned from Logan County in April 2023, state records show. The conversation appears to coincide with an internal review detailed in Grayson’s Logan County Sheriff’s Office disciplinary records previously obtained by CNN.
Persons: sheriff’s, Sonya Massey, Sean Grayson, Nathan Miller, Grayson, , ” Miller, , ” “, ” Grayson, Grayson “, Miller, Massey Organizations: CNN Locations: Sangamon County , Illinois, Logan County, Grayson’s Logan County, Lincoln , Illinois, Lincoln, Logan, Sangamon County
Hedge fund manager Bill Ackman is looking to raise $2 billion in the initial public offering of Pershing Square USA, with 40 million shares priced at $50. The Pershing Square USA IPO will be in the form of a closed-end fund, and is expected to hold many of the same positions as Ackman's other vehicles. Pershing Square also has a closed-end fund in Europe, which trades at a discount to its net asset value. At one point, Pershing Square was looking to raise as much as $25 billion, according to the Wall Street Journal and Bloomberg News. (In an unusual circumstance, Pershing Square USA then disclosed the letter in a filing and officially disclaimed it.)
Persons: Bill Ackman, Ackman, Seth Klarman's Baupost Organizations: Pershing, USA, Wall Street Journal, Bloomberg News, Bloomberg Locations: Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPayPal 'is no longer an innovator' but has a business built on 'strength,' says former CEO Bill HarrisBill Harris, former PayPal CEO and former Intuit CEO, joins 'Money Movers' to discuss fintech outlooks, why he's watching Zelle, and the risks of buy now pay later method.
Persons: Bill Harris Bill Harris Organizations: PayPal, Intuit
Market pricing currently indicates an absolute certainty that the Fed will approve its first reduction in more than four years — when it meets Sept. 17-18. They don't want investors to start pricing in a rate cut coming in September and there's literally nothing else that could possibly happen," he said. "Opening the door for that rate cut is probably the most appropriate thing for them at this point," Reynolds added. Expectations for easingGlenmede expects that starting in September, the Fed could cut at each of the three remaining meetings. The Fed will not provide an update on its quarterly summary of economic projections at this meeting.
Persons: Jerome Powell, Chris Kleponis, they've, Michael Reynolds, Reynolds, there's, it'll, Powell, Goldman Sachs, David Mericle, Mericle, Bill English, We've Organizations: Banking, Housing, Urban, Capitol, AFP, Getty, Glenmede, Fed Locations: Washington ,, Yale, Jackson Hole , Wyoming
Washington Post Editor Karen Attiah leads a discussion on Saudi hacking techniques at the Oslo Freedom Forum 2019 on May 28, 2019 in Oslo, Norway. The co-chair of the annual National Association of Black Journalists convention stepped down Tuesday in apparent reaction to that group's decision to have former President Donald Trump speak at its convention and career fair in Chicago on Wednesday, among other factors. "To the journalists interviewing Trump, I wish them the best of luck," NABJ24 convention co-chair Karen Attiah wrote in a social media post announcing her decision to resign her position. CNBC has requested comment from Attiah and from NABJ, as well as from a spokesman for Trump's presidential campaign about Attiah's announcement. NABJ on Monday announced that the Republican nominee Trump would "participate in a conversation with journalists" at the convention before attendees.
Persons: Karen Attiah, Donald Trump, Trump, NABJ, Barack Obama, George W, Bush, Bill Clinton, Hillary Clinton, Tia Mitchell, Mitchell, Rachel Scott, Harris Faulkner, Kadia Goba, Kamala Harris, Harris's, Trump's, Fred Trump III, Fred Trump's Organizations: Washington Post, National Association of Black Journalists, Trump, The Washington Post, CNBC, Washington, The Atlanta, Monday, Republican, ABC News, Fox News, Democratic, White House Locations: Saudi, Oslo, Norway, Chicago, Windy City, United States, NABJ, India, Haiti
CNN —As the burgeoning Kamala Harris campaign works behind the scenes to refine its policy platform, the vice president has increasingly found herself clarifying which of her positions have shifted over the years. A Harris campaign official said Monday she no longer supports a fracking ban. Single-payer health careHarris’ campaign also confirmed this week that the vice president no longer supports a single-payer health care system. As vice president, Harris supported a bipartisan border bill that would have ramped up enforcement at the US-Mexico border. In June 2024, the White House announced a crackdown on asylum claims meant to continue reducing the flow – a policy that Harris’ campaign manager, Julie Chavez Rodriguez, indicated would continue under a Harris administration.
Persons: Kamala Harris, Harris, Joe Biden, , Donald Trump, Biden, Trump, , fracking, , ” Harris, Vermont Sen, Bernie Sanders, , ’ ” Harris, “ Axios, Julie Chavez Rodriguez, ” Chavez Rodriguez, George Floyd’s, CNN’s KFile, “ Joe Biden, Sabrina Singh, Sen, Mitch Landrieu, ” Landrieu, CNN’s Pamela Brown, ” CNN’s Tami Luhby, Donald Judd, Priscilla Alvarez Organizations: CNN, Biden, Democratic, Republicans, Democrat, Senate, HBO, Customs Enforcement, MSNBC, ICE, White House, CBS News, Police Locations: California, Pennsylvania, Wisconsin , Michigan, Georgia, Arizona, Nevada, Minnesota, Vermont, Mexico, Minneapolis, New Orleans
We're buying 50 shares of Constellation Brands at roughly $246 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 375 shares of STZ, increasing its weighting in the portfolio to 2.8% from 2.46%. Shares of Mexican beer maker Constellation Brands were down 3% on Monday after Heineken reported weaker-than-expected earnings. We're also upgrading Constellation stock back to our buy-equivalent 1 rating . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Heineken, Bill Newlands, Newlands, Heineken doesn't, Jim Cramer, Jim Organizations: Constellation Brands, STZ, Heineken, Constellation, Asia Pacific, CNBC Locations: China, Modela, Europe, Americas, Asia Pacific, Africa, Middle, United States
Stock Chart Icon Stock chart icon Ford, GM and Stellantis shares"Investors who think autos can outperform on + earnings beats and buybacks should think again. GMFor GM, investors balked at pullbacks in growth businesses, waning upside during the second half of the year, and fear that the automaker's earnings power has peaked, according to Wall Street analysts. Selling more EVs is one reason that GM, which has raised its annual financial guidance twice this year, expects the second half to underperform the first. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. StellantisTransatlantic automaker Stellantis arguably faces the most challenging second half of the year, particularly regarding its U.S. operations.
Persons: Ram, Joe Raedle, Morgan Stanley, Adam Jonas, Jonas, Stellantis, GM's, Mary Barra, Ford, Ford doesn't, Joseph Spak, Bill Pugliano, John Lawler, Lawler, Carlos Tavares, Remo Casilli Organizations: Dodge Chrysler, Getty, DETROIT, Ford, Detroit automakers, GM, Wall Street, Analysts, Street, UBS, Ford Dearborn Plant, Ford Pro, Transatlantic, Stellantis Locations: Miami , Florida, U.S, China, Dearborn , Michigan, Atessa, Italy
Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Live Nation as overweight Morgan Stanley said shares of the entertainment concert company are compelling. " Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the stock is still a top pick at the firm. Guggenheim upgrades Akamai to buy from neutral Guggenheim said shares of the cloud computing networking company have more room to run. Bank of America reiterates Apple as buy Bank of America said it's bullish heading into Apple earnings later this week. JPMorgan reiterates Eli Lilly as overweight JPM said the stock is a "core holding" ahead of earnings on August 8.
Persons: Morgan Stanley, Cantor Fitzgerald, Cantor, TD Cowen, AAPL, Wells, Booz Allen Hamilton, it's, Guggenheim, Piper Sandler, Charles Schwab, Piper, Schwab, Olin, Mizuho, Bill Brown's, Myers Squibb, JPMorgan, Eli Lilly, JPM, Evercore, Tesla, Oppenheimer, Raymond James, Davidson, Raymond James downgrades Organizations: NVDA, MU, Apple, Huawei, Booz, Guggenheim, RBC, Deutsche Bank, Northrop, Deutsche, JPMorgan, Uber, Holdings, 3M, " Bank of America, Bank of America, Edge, Barclays downgrades Bristol, Myers Squibb, Barclays, Bristol, Ford, Microsoft, Charter, HSBC Locations: China, underperform
Read previewJoe Biden's pitch to reform the Supreme Court is off to a rough start. House Speaker Mike Johnson has already sworn to fight the Biden administration's proposal to rein in the Supreme Court, calling it "dead on arrival." The GOP has largely supported the Supreme Court's conservative majority, and has rebuked Democrats' attempts to limit its power. Term limits and a new code of conductBiden's plan for the Supreme Court includes term limits that would mean a new justice was chosen every two years. With powerful Republicans like Johnson already pushing back, getting all three of Biden's proposals implemented in the Supreme Court looks like a losing battle.
Persons: , Joe, Mike Johnson, Biden, Joe Biden's, Donald Trump, Clarence Thomas, Samuel Alito, Thomas, Trump, Johnson, Biden's, Harris, Republican trifectas, Democratic trifectas, Kamala Harris Organizations: Service, House, Business, Trump, GOP, Supreme, Biden, Harris Administration, Republican, Democratic, The Washington Post Locations: New York
Read previewMelinda French Gates and MacKenzie Scott have a lot in common besides once having been married to a billionaire tech titan. French Gates revealed in an interview with The New York Times published Sunday that she and Scott share similar parenting styles. French Gates told The Times that she and her then-husband, Bill Gates, didn't want their children to grow up spoilt and entitled. Both French Gates and Scott have gone all in with their activism and philanthropy after divorcing their ex-husbands, Bill Gates and Jeff Bezos respectively. AdvertisementRepresentatives for French Gates and Scott did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Melinda French Gates, MacKenzie Scott, Gates, Scott, Bill Gates, didn't, French Gates, MacKenzie, It's, Jeff Bezos, I've, — Elon, Musk, Joe Biden, Kamala Harris, Biden Organizations: Service, The New York Times, Times, Business, The Times, Democratic, Business Insider Locations: French
Best Pet Insurance for Senior Dogs of 2024Compare Senior Dog Pet InsuranceFinding pet insurance for a senior dog can be difficult, as many companies won't insure pets with pre-existing conditions and limit the age of the enrolled pet. Best Senior Dog Insurance for Wide-Ranging CoveragePumpkin Pet Insurance sounds more like a pet treat than an insurance company. Choosing the Right Insurance for Your Senior DogShopping for pet insurance for a senior dog brings some additional considerations compared to finding pet insurance for a puppy. Best Senior Dog Insurance FAQsDoes pet insurance cover senior dogs? Why You Should Trust Us: How We Reviewed Pet Insurance for Senior DogsTo choose the best pet insurance for senior dogs, we compared more than 14 pet insurance companies and followed our rating methodology.
Persons: they're, you'll, Trupanion, it's, Pumpkin, It's, Figo, Vanessa Selger, Kari Steere, Steere, Kelly Burch Kelly Burch, Read, Evelyn Organizations: Insurance, Senior Dogs, Pet, American Kennel, AKC, Senior, Dog Insurance, Seniors, Washington Post, The Chicago Tribune, Forbes, Facebook, Personal Finance Locations: Virginia Beach, New Hampshire, Washington
Billionaires have made their way to Paris to watch the 2024 Olympics in person. Here are some of the world's richest people who have been spotted at the 2020 Paris Olympics. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Every four summers, they take a break from their busy lives to tune into the Olympics and cheer on their home team. This story is available exclusively to Business Insider subscribers.
Persons: , Maxime Lallement Organizations: Service, Olympics, Highstay, Business Locations: Paris
“Whether you’re a professional athlete or a weekend warrior, you can’t prepare for game day on game day,” he said. This awareness helps you make better choices on game day. “For someone who has not participated in any sporting activity for quite some time, it’s crucial to start safely and effectively,” he noted, not waiting until game day to get going again. For instance, if you want to get back into playing golf, tennis or any other rotational sport, focus on mobility exercises that will improve rotation. Instead, focus on targeted strength and mobility exercises that promote control in end ranges of motion.
Persons: Dana Santas, you’re, Jason Glass, , Glass, Christophe Archambault, Bill Burgos, Paul Fournier, Ben White, Stuart MacFarlane, Fournier, Matt Nichol, Hendrik Organizations: Pain, CNN, PGA, Brazil, Getty, NBA, Los Angeles Dodgers, Major League Baseball, Arsenal, Los Angeles Rams, Arsenal FC, Olympic, German soccer, Borussia Dortmund, Nichol, CNN’s Locations: Nigerian, Bordeaux, France, AFP, Burgos, Thousand Oaks , California, German, Osaka, Japan
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