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The Supreme Court handed the Biden administration a major practical victory on Wednesday, rejecting a challenge to its contacts with social media platforms to combat what administration officials said was misinformation. The court ruled that the states and users who had challenged the contacts had not suffered the sort of direct injury that gave them standing to sue. The decision, by a 6 to 3 vote, left fundamental legal questions for another day. “For months,” Justice Alito wrote, “high-ranking government officials placed unrelenting pressure on Facebook to suppress Americans’ free speech. Because the court unjustifiably refuses to address this serious threat to the First Amendment, I respectfully dissent.”
Persons: , Amy Coney Barrett, , Samuel A, Alito Jr, Clarence Thomas, Neil M, Gorsuch, Alito, unjustifiably Organizations: Court, Biden, Facebook
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'Tech remains in favor,' Hargreaves Lansdown says
  + stars: | 2024-06-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Tech remains in favor,' Hargreaves Lansdown saysEmma Wall, head of investment research and analysis at Hargreaves Lansdown, discusses the outlook for markets ahead of the U.K. general election.
Persons: ' Hargreaves Lansdown, Emma Wall, Hargreaves Lansdown
Russian Defence Minister Sergei Shoigu attends a meeting held by defence ministers of the Shanghai Cooperation Organisation (SCO) in Astana, Kazakhstan, April 26, 2024. The International Criminal Court issued arrest warrants for Sergei Shoigu, the former Russian defence minister, and leading Russian general Valery Gerasimov on Tuesday for alleged crimes committed during Russia's invasion of Ukraine. In a press release, the court said judges had found there were "reasonable grounds to believe that the two suspects bear responsibility for missile strikes carried out by the Russian armed forces against the Ukrainian electric infrastructure from at least 10 October 2022 until at least 9 March 2023". The Russian officials were suspected of having committed war crimes and crimes against humanity for directing attacks against civilians and civilian objects in Ukraine. Russia, which like Ukraine is not a member of the ICC, has repeatedly said Ukraine's energy infrastructure is a legitimate military target and denies targeting civilians or civilian infrastructure.
Persons: Sergei Shoigu, Valery Gerasimov Organizations: Russian, Shanghai Cooperation Organisation, ICC Locations: Astana, Kazakhstan, Russian, Ukraine, Russia
Differences like these lead researchers like me to wonder what factors influence the telling of lies. Figuring out the frequency of liesMost research on lying asks participants to self-report their lying behavior, say during the past day or week. This result became the benchmark finding in the field of honesty research and helped lead to an assumption among many researchers that lying is commonplace. It could be that each person in the group tells one or two lies per day. Many lies occur in the heat of the moment, so it makes sense that when there’s a delay in communication, as with email, lying would decrease.
Persons: Joe Biden’s, Hunter Biden, George Santos, Cardi, , Bella DePaulo, it’s, Kim Serota, they’d, Madeline Smith, David Markowitz, Markowitz, Recordability, DePaulo, , Deborah Kashy, you’re, B, Miller, John Templeton Organizations: CNN, Republican, University of Virginia, Michigan State University, Northwestern University, University of Oregon, John, John Templeton Foundation
After three sessions of heavy rotation out of tech and AI winners and into other areas of the market, the market has shifted back to tech and momentum leaders. So when cracks are forming in other areas of the market, investors quickly return to where the growth is the strongest: tech. Stress tests: With the annual bank stress test results due out Wednesday after the bell, Jefferies took a look at how bank stocks have fared since 2021 immediately following the release. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.
Persons: Jim Cramer, John Rainey, Cramer, Ford, Jefferies, Wells Fargo, General Mills, — Morgan Chittum, Jim Cramer's, Jim, Bill Pugliano Organizations: CNBC, Corp, Supply, Pool Corp, Walmart, Union Pacific, Micron, Nvidia, Federal Reserve, Jefferies, FedEx, United States Postal Service, Jim Cramer's Charitable, Ford, Ford Dearborn Plant, Getty Locations: London, Dearborn , Michigan
Crude oil futures fell Tuesday as the recent rally took a breather, with traders watching tensions on the Israel-Lebanon border and summer fuel demand. U.S. crude oil and global benchmark Brent are ahead 5.5% and 4.9%, respectively, for the month as prices have bounced back from May doldrums on a more optimistic outlook for summer fuel demand. Here are today's energy prices:Geopolitical tensions are also back in focus amid fears that Israel and the Iran-backed militia Hezbollah could go to war. Oil prices hit annual highs in April as Israel and Iran teetered on the brink of war, stoking fears that a wider conflict could engulf the Middle East and disrupt crude supplies. But McKay also said the oil rally could fade with funds likely to start liquidating long positions if WTI prices fall below $81 per barrel.
Persons: doldrums, Israel, CQ Brown, John Evans, Evans, Ryan McKay, McKay Organizations: Brent, Hezbollah, Air Force, Sunday, Israel, TD Securities Locations: McKittrick, Kern County , California, Israel, Lebanon, Iran, Gaza
The U.S. and Israeli defense chiefs, Lloyd J. Austin III and Yoav Gallant, at a December news conference in Tel Aviv. Mr. Gallant is meeting with Mr. Austin on his third day of talks with senior Biden administration officials. Mr. Gallant and Secretary of State Antony J. Blinken met in Washington on Monday. That was a recurring theme in American officials’ talks with Mr. Gallant this week. On Monday, Mr. Gallant met with William J. Burns, the C.I.A.
Persons: Lloyd J, Austin III, Yoav Gallant, Gallant’s, Patrick S, Ryder, Mr, Gallant, Austin, Benjamin Netanyahu, Israel, Matthew Miller, , Khan Younis, , Antony J, Blinken, Miller, , “ We’ve, General Ryder, Amos Hochstein, Hochstein, Netanyahu, William J, Burns, Jake Sullivan Organizations: U.S, Pentagon . Defense, Pentagon, Defense Department, Biden, American, State Department, Hamas, Mr, Lebanese, Israel Locations: Tel Aviv, Washington, Gaza, Lebanon, , Israel, Gen, United States, Rafah, Gaza City, Jerusalem, Beirut
The moment has been four years in the making: President Biden and former President Donald J. Trump on a debate stage, another flashpoint in their long-running hostilities. The New York Times will stream the debate alongside real-time commentary and analysis from reporters. CNN will broadcast or stream the debate on all its platforms, including its flagship cable channel, as well as CNN International, CNN en Español and CNN Max. You will not have to log in or be a subscriber to watch the stream. CNN is also sharing its feed with other broadcast and cable news networks so that they could simulcast the debate.
Persons: Biden, Donald J, Trump, CNN Max, Will Robert F, Kennedy, Ross Perot, Jake Tapper, Dana Bash, ” Mr, Tapper, Bash Organizations: CNN, Atlanta, New York Times, CNN International, Español, CNN.com, Fox News, ABC, Union Locations: “ State, Washington
Why water is the best drink during a heat wave
  + stars: | 2024-06-25 | by ( Katia Hetter | ) edition.cnn.com   time to read: +8 min
We know that keeping hydrated is important to staying healthy in the summer heat, but is water still the best drink during a heat wave? CNN: When it’s really hot outside, is water still the best fluid, or should people turn to sports drinks? Energy drinks are different from sports drinks, which are meant to help you restore water and electrolytes. I urge parents to be careful to distinguish between sports drinks and energy drinks. Sports drinks probably aren’t needed, and, again, it’s advisable for children to avoid energy drinks.
Persons: Leana Wen, Wen, What’s, Frederic J . Brown Organizations: CNN, George Washington University, US Centers for Disease Control, CDC, American Academy of Pediatrics, Getty, Sports Locations: AFP
CNN —The Israeli Supreme Court issued a ruling on Tuesday ordering the government to draft ultra-Orthodox Jews into the military. Since Israel’s founding, ultra-Orthodox Jews have been exempt from mandatory military service. Some do, but far fewer than most Israeli Jews. Technically, the military service exemption applied to young men who were actively studying at a yeshiva. In essence, the court said that the ultra-Orthodox could not be treated differently from other Israeli Jews.
Persons: , , Staff Herzi Halevi, ” Gilad Malach, , General Gil Limon, Netanyahu Organizations: CNN, Israel Democracy Institute, Shas, Israel Defense Forces ’, Staff, IDF, United, Likud Locations: Israel, Gaza, Lebanon
New York is a closed primary state, meaning Democrats and Republicans can vote only in their own parties’ primaries. Bowman and Mr. Latimer may serve as harbingers of many political benchmarks. Mr. Latimer is largely supportive of Israel, calling for a return of all hostages before any potential cease-fire. Mr. Latimer has received $14.5 million in support from the American Israel Public Affairs Committee. It has also featured negative characterizations, with Mr. Latimer portraying Mr.
Persons: Jamaal Bowman, George Latimer, luminary, Bowman, Latimer, , Israel, Alexandria Ocasio, Cortez, Bernie Sanders of, Bowman’s, Nancy Goroff, Nick LaLota, John Avlon, Avlon, Margaret Hoover, Goroff, Avlon’s, Rudolph W, Giuliani, Goroff’s, Lee Zeldin, Cook, John W, Mannion, Sarah Klee Hood, Brandon Williams, Assemblywoman Stefani Zinerman, Eon Huntley, Zinerman, Hakeem Jeffries, Letitia James, Didi Barrett, Claire Cousin, Eddie Gibbs, Xavier Santiago, Gibbs, Grace Ashford, Jeffery C, Mays, Nicholas Fandos Organizations: Democratic, Congressional, Mr, Democratic Party’s, American Israel Public Affairs Committee, Republican, CNN, PBS, Republican Party, , an Air Force, New York, State Senate, Legislature, Progressives, Democratic Socialists of America Locations: New York, Westchester County, Long, Israel, Gaza, Cortez of New York, Bernie Sanders of Vermont, New, Sag Harbor, Suffolk County, Central New York, State, DeWitt, Bedford, Stuyvesant, Brooklyn, Hudson, East Harlem
Many merchants and trade groups including the National Retail Federation opposed the accord, saying card fees would remain too high, while Visa and Mastercard would retain too much control over card transactions. The decision could force Visa and Mastercard to negotiate a settlement more favorable to merchants, or go to trial. Visa and Mastercard said they were disappointed with the outcome. Some U.S. senators have promoted legislation, the Credit Card Competition Act, to let merchants use other payment networks to process Visa and Mastercard transactions. The judge's decision does not affect an earlier $5.6 billion class action swipe fee settlement among Visa, Mastercard and about 12 million merchants.
Persons: Brendan McDermid, Margo Brodie, Brodie, Nilson, Doug Kantor, Jonathan Stempel, Deepa Babington, Leslie Adler Organizations: Mastercard Inc, New York Stock Exchange, REUTERS, Companies, Mastercard, National Retail Federation, Visa, National Association of Convenience Stores, U.S, Merchant Discount Antitrust Litigation, Court, Eastern District of, Thomson Locations: New York City, U.S, Brooklyn, Manhattan, Eastern District, Eastern District of New York, New York
Read previewIn September 2021, Mark Zuckerberg threw his PR team into a crisis situation. The story said part of the strategy involved Zuckerberg posting more lighthearted content to help rehab his image, and cited a video he had posted of himself riding a hydrofoil while holding an American flag. In those messages, you can see how the PR team agonized over Zuckerberg's desire to post a zinger about the misidentified hydrofoil. Nick Clegg, head of public policy at Meta, was also strongly against Mark posting something flippant about the hydrofoil. A warning label is a misguided idea, in my opinion, but it is a pesky public problem for Meta.
Persons: , Mark Zuckerberg, Zuckerberg, Ryan Mac, Tucker Bounds, John Pinette, Pinette, I'm, Nick Clegg, Clegg, Meta Organizations: Service, New York Times, Business, Meta, The New York Times, Twitter, Facebook, US, MZ, Street Locations: New York, EU
A 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding to try and build a competitive chip and take on Nvidia in artificial intelligence. Co-founder and CEO Gavin Uberti said that as AI develops, most of the technology's power-hungry computing requirements will be filled by customized, hard-wired chips called ASICs. "We're making the biggest bet in AI," Uberti said in an interview. Other chip startups taking on Nvidia include Cerebras Systems, which is building a physically larger AI chip, and Tenstorrent, which is using a trendy technology called RISC-V to build AI chips. Venture capitalists invested $6 billion in AI semiconductor companies in 2023, up slightly from $5.7 billion in 2022, according to data from PitchBook.
Persons: Gavin Uberti, Uberti, we'll, Peter Thiel, Stanley Druckenmiller, Kyle Vogt, we've, Robert Wachen Organizations: Nvidia, Harvard, Apple, Venture Partners, Cerebras Systems, Semiconductors, Taiwan Semiconductor Manufacturing Co, Venture Locations: Cupertino , California, PitchBook
New York CNN —Millions of Miniverse toy sets made by toymaker MGA Entertainment have been recalled because they pose a serious risk of skin burn, eye and respiratory irritation when touched, inhaled or ingested, the US Consumer Product Safety Commission said Tuesday. The recall involves the “Make it Mini” sets which contain resins that, when liquid, can cause those injuries and irritations to young children and adults alike. The CPSC also found that the resins contain chemical compounds called “acrylates” in amounts that are prohibited in children’s products. The CPSC said MGA Entertainment has received 26 reports of incidents with the toy sets from children and adults, including reports of skin burns and irritation, and respiratory irritation, with one report that it triggered a case of asthma in the user. 21 million Miniverse toy sets are being recalled due to danger of skin burn, eye and respiratory irritation.
Persons: irritations, Multipack Organizations: New, New York CNN, toymaker MGA Entertainment, US Consumer Product Safety, MGA Entertainment, Consumer Product Safety, UPC, Target, Walmart, ALDI, Hobby, MGA Locations: New York, Canada
Why Lee Munson 'wouldn't touch' FedEx stock
  + stars: | 2024-06-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Lee Munson 'wouldn't touch' FedEx stockLee Munson, Portfolio Wealth Advisors president and CIO, joins 'The Exchange' to discuss how to trade FedEx, General Mills, and Paychex.
Persons: Lee Munson, General Mills Organizations: FedEx, General
Adam Jonas, a well-known auto analyst at the investment bank, said Ford remains his top pick in the auto sector. Now, Jonas said Ford could take the spotlight as the focus within the sector shifts from electric vehicle investment to capital discipline. It comes at a tumultuous time for automakers as they grapple with softer-than-anticipated electric vehicle demand. Given an ongoing "unwind" in the electric vehicle story, he said Ford has the potential to flip the stock performance. Jonas' $17 price target for Ford implies the Detroit-based company's stock can rally around 39% over the next 12 months.
Persons: Morgan Stanley, Adam Jonas, Ford, Jonas, outperformance Organizations: Ford, General Motors, GM Locations: Detroit
“The financial impact it will directly have on us will take months to correct, if not years,” Callahan said. Tom McParland, the owner of Automatic Consulting, a national car buying service, said the outage was impacting customers because they have fewer dealers to choose from. “It limits the customer’s leverage.”Some dealers also can’t apply factory rebates without CDK’s software, so customers may miss out on money-saving deals. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. He told CNN he was able to buy the car but was unable to sign the title.
Persons: Ryan Callahan, ” Callahan, CDK, Tom McParland, , McParland, Michael Deveney, , ” Deveney, Katelyn Salvato, hasn’t, Salvato, , We’ve, they’ve, Scott Campbell, Nicolas, CNN they’ve, Don Aycock, Robbie Jacob, Jacob, Tekion Organizations: New, New York CNN, Mazda, North America, Automatic Consulting, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, , DMV, CNN, Massachusetts Department of Transportation, Capital City Buick GMC, Porsche, Buick, Diego —, Kia, Cox Automotive Locations: New York, Seekonk , Massachusetts, Lynn, Berlin , Vermont, Los Angeles, , Clay County , Florida, Diego
Here's an update on the chart in a breakout shoemaker that is giving Nike a run for its money. In May, I wrote about On Holding AG (ONON) ahead of its earnings with a buy recommendation. You'll notice that the stock popped on the week of May 14th following the earnings report above the 2023 highs of $36.90. Looking at the valuation, NKE is trading about 26 times 2024 expected earnings and 25 times 2025 expected earnings. DECK is ranging from 10% to 20% revenue growth from the same period last year and ONON is running from 20% to 33% revenue growth.
Persons: NKE, outperformance, ONON, Roger Federer, Todd Gordon, Gordon Organizations: Nike, Holding, Inside Edge, CNBC, NBC UNIVERSAL
CNN —Is Karen Read a rage-filled cop killer, or the convenient patsy of a vast police cover-up? That’s the question put to a Massachusetts jury on Tuesday in closing arguments of her murder trial in a case that has riveted the Bay State. After closing arguments Tuesday morning, the jury began deliberations at about 1:30 p.m. and continued for about three hours. A drunken Read then struck him with the vehicle and fled, leaving him to die in the snowy cold, prosecutors say. “Lie, obfuscate, manipulate, alter, and when they’re caught, they just excuse it away,” Jackson said in closing arguments.
Persons: CNN —, Karen Read, John O’Keefe, O’Keefe, Adam Lally, , Alan Jackson, ” Read, ” Eva Jenkins, Steven Senne, Michael Proctor, Read, , Proctor, Maura Healey, inexcusable ”, ” Jackson, Chloe –, Firefighters, ” Lally, O’Keefe’s, “ John, they’re, “ That’s, ” Aidan Kearney, Turtleboy, Kearney Organizations: CNN, Boston Police, Boston, Prosecutors, Norfolk Superior Court, Massachusetts State Police, WCVB, WBZ Locations: Massachusetts, State, Canton, Bourne , Massachusetts, Norfolk, Dedham , Massachusetts, Fairview
Morsa Images | Digitalvision | Getty ImagesIt's no secret that many college graduates are struggling with student loan debt. Nearly 1 in 5 student loan borrowers in the U.S. — or 19% — say they are hiding their loan balance from their partner, according to a new report from NerdWallet . Shame, guilt, depression and anxiety swirling the topic of student debt can lead borrowers to keep the details of their loans secret, therapists say. If your significant other doesn't also have outstanding student debt, the topic can feel especially taboo, he added. Student debt can make it harder to buy a house, start a family and save for the future, research shows.
Persons: Traci Williams, Clay Cockrell, Cockrell, Kate Wood, Wood, you've Organizations: Getty, Harris Poll, Finance Locations: U.S, NerdWallet, East Point , Georgia, New York
Stock futures hovered near the flatline Tuesday evening after the S&P 500 rebounded from a rough start to the week. S&P 500 futures hovered pulled back 0.03, while Nasdaq 100 futures hovered near the flatline. In Tuesday's regular trading, both the S&P 500 and the Nasdaq Composite ended three days of declines, buoyed by a bounce in Nvidia shares. The artificial intelligence darling's market cap gives it tremendous sway over the S&P 500, and its 154% surge in 2024 has raised concerns over a lack of breadth in this year's rally. "We look for the market to broaden out, but it's not necessarily a binary choice between megacaps and smaller caps, but more bias going forward to looking at these other companies in the S&P 500."
Persons: Dow, Paul Hickey, CNBC's, it's, General Mills Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, FedEx, Rivian Automotive, Volkswagen, Nvidia, Investment Group, Federal, Micron Technology Locations: Paychex
DETROIT – General Motors' Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. His appointment comes at a crucial time for Cruise, which is testing and relaunching its autonomous vehicles on public roadways. Following the incident, several key leaders, including Cruise CEO and co-founder Kyle Vogt, departed the company. The probe also investigated allegations of a cover-up by Cruise leadership, but investigators did not find evidence to support those claims. Cruise was a crucial part of GM's plan to double revenue to $280 billion by the end of this decade.
Persons: Marc Whitten, Whitten, Kyle Vogt, Marc, Mary Barra, Cruise, Rowe Price, Nick Mulholland, Craig Glidden, Glidden, Grant Dixton, Dixton, Mary Organizations: DETROIT, Motors, Amazon, Microsoft, Cruise, GM, Honda Motor, Walmart, Rivian, Activision Blizzard, Boeing Locations: San Francisco, Phoenix , Houston, Dallas, Dubai
On Today’s Episode:Assange Agrees to Plead Guilty in Exchange for Release, Ending Standoff With U.S., by Glenn Thrush and Megan Specia4 Scenarios for Next Phase in Gaza War, With ‘Intense’ Fighting Set to End, by Patrick KingsleyIsrael’s Supreme Court Rules the Military Must Draft Ultra-Orthodox Jews, by Aaron BoxermanSurgeon General Declares Gun Violence a Public Health Crisis, by Ellen BarryJudges Block Parts of Biden’s Student Loan Repayment Plan, by Tara Siegel Bernard and Zach Montague
Persons: Assange, Glenn Thrush, Megan Specia, Patrick Kingsley Israel’s, Aaron Boxerman, Ellen Barry, Tara Siegel Bernard, Zach Montague Organizations: U.S Locations: Gaza
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