DIRS.INFO The most relevant business & tech news

☆ Boneparth: Now is the time to diversify to soften the blow from the rotation out of the mega-caps
▼ + stars: | 2024-07-30 | 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 EmailBoneparth: Now is the time to diversify to soften the blow from the rotation out of the mega-capsDouglas Boneparth, President of Bone Fide Wealth, discusses the critical week for markets and earnings season.

Persons: Douglas Boneparth Organizations: Bone

☆ Ismail Haniyeh: Hamas political leader killed in Iran, group says
▼ + stars: | 2024-07-30 | by ( Kareem El Damanhoury | Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Hamas political leader Ismail Haniyeh has been killed in the Iranian capital Tehran, according to Iran’s Revolutionary Guards Corps and Hamas on Wednesday. The new Iranian president was sworn in on Tuesday and Hamas released pictures the same day of Haniyeh meeting Iranian officials in Tehran. Haniyeh would be the second Hamas senior leader to be killed since the beginning of Israel’s war in Gaza. As Hamas grew in power, Haniyeh rose through the ranks – being appointed part of a secret “collective leadership” in 2004. In April, Israeli airstrikes killed three of Haniyeh’s sons and four of his grandchildren, according to Hamas.

Persons: Ismail Haniyeh, ”, Musa Abu Marzouk, “, Israel, Hezbollah’s, Fu’ad Shukr, Haniyeh, Saleh Al Arouri, Arouri, Sheikh Ahmed Yassin, Abdel Aziz Rantisi, Barak Ravid, ” Ravid, –, Jimmy Carter, Sheikh Hamad bin Khalifa, Wang Kejian, Haniyeh –, Qatar – Organizations: CNN, Revolutionary Guards Corps, ”, Hamas Locations: Tehran, Israel, Gaza, Beirut, Iran, Lebanese, Gaza City, United States, Qatar, Thani

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

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

A Tuareg militant group spokesman said some Malian troops and Russian fighters had also been captured during the battle. According to some unofficial Russian Telegram channels, as many as 80 Russians were killed. The commander – call-sign Rusich – said on Telegram he was trying to convey a message to the Russian Defense Ministry. And in Syria five years ago, a disastrous attack by Russian mercenaries on an oil refinery led to dozens of casualties. One of them was an IED attack on a Russian vehicle in the same region of Mali as the latest devastating assault.

Persons: Nusrat al, JNIM, ”, Andriy Yusov, Yusov, Wagner, Wagner “, –, Sergei Shevchenko, Nikita Fedyanin, “, Korotkov, Africa Wagner, Yevgeny Prigozhin, Yunus, Bek, Yevkurov, al Organizations: CNN, Russian, Russian Telegram, Kremlin, Kyiv, Ukraine’s Security, Russian Defense Ministry, Corps, Grey, Russian Ministry of Defense, Russian Federation, Ministry of Defense, Ministry of Foreign Affairs, Central African, Wagner PMC, Deputy, SITE Intelligence Group Locations: Mali, Algerian, Islam, Africa, Malian, Russian, London, Syria, Central African Republic, Mozambique, Bakhmut, Ukraine, Niger, Burkina Faso, Moscow, Togo

☆ Inside the Supreme Court’s compromise on Idaho’s abortion ban
▼ + stars: | 2024-07-29 | by ( Joan Biskupic | ) edition.cnn.com time to read: +13 min

Instead, a series of negotiations led to an eventual compromise decision limiting the Idaho law and temporarily forestalling further limits on abortion access from the high court. This exclusive series on the Supreme Court is based on CNN sources inside and outside the court with knowledge of the deliberations. The Idaho law had exemptions only to prevent death of the pregnant woman and in instances of rape or incest. It issued formal guidance saying the Emergency Medical Treatment and Labor Act (EMTALA), which requires stabilizing treatment regardless of a patient’s ability to pay, would preempt any state abortion ban in situations when an emergency termination was needed. Idaho lost in an initial proceeding in a US district court, as a judge issued a temporary injunction against the abortion ban.

Persons: Roe, Wade, Biden, John Roberts, SCOTUS, Elizabeth Prelogar, Idaho’s, Amy Coney Barrett, ”, Roberts, Brett Kavanaugh, Barrett, “ improvidently, ” Barrett, Kavanaugh, ’, Elena Kagan, ‘, – Samuel Alito, Clarence Thomas, Neil Gorsuch, Alito, Thomas, Sonia Sotomayor, Kagan, Jackson, Sotomayor, Ketanji Brown Jackson, “, ” Alito, ” Jackson Organizations: CNN, Supreme, Republican, Democratic, Labor, Justice Department, Idaho, United, Jackson, Health Locations: Idaho, EMTALA . Idaho, SCOTUS Idaho, Sacramento, Dobbs v, Moyle v, United States

☆ Netanyahu Vows ‘Severe’ Response to Deadly Rocket Attack Tied to Hezbollah
▼ + stars: | 2024-07-29 | by ( Isabel Kershner | Euan Ward | ) www.nytimes.com time to read: +1 min

Tensions were high on both sides of the Israeli-Lebanese border on Monday as Israeli leaders vowed to deliver a significant military blow against the armed group Hezbollah in response to a deadly rocket attack over the weekend. The attack on Saturday killed 12 children and teenagers in the Druse Arab village of Majdal Shams in the Israeli-controlled Golan Heights. Hezbollah, an Iran-backed militia that dominates southern Lebanon and that has been firing rockets into Israel for months, denied responsibility for the strike. But Israel and the United States blamed the group, saying it was Hezbollah’s rocket that had been fired from territory it controls. Hezbollah began firing rockets, antitank missiles and drones into Israel in solidarity with Hamas after that group, which is also backed by Iran, led the deadly Oct. 7 attack on southern Israel.

Persons: Majdal Shams, Benjamin Netanyahu, Mr, Netanyahu, Netanyahu’s, Yoav Gallant, Israel’s Organizations: Saturday Locations: Lebanese, Majdal, Golan, Iran, Lebanon, Israel, United States, ”

☆ Jacob Zuma, Ex-President of South Africa, Is Expelled From A.N.C.
▼ + stars: | 2024-07-29 | by ( Lynsey Chutel | More About Lynsey Chutel | ) www.nytimes.com time to read: +1 min

The African National Congress, South Africa’s governing party announced on Monday that it had expelled the country’s former president, Jacob Zuma, officially severing ties with the once-celebrated anti-apartheid fighter after he helped form a rival political party. Though Mr. Zuma has been a vaunted figure in the A.N.C. This year, he used his broad political support to campaign for uMkhonto weSizwe, a rival party known by the initials M.K. The secretary-general of the A.N.C., Fikile Mbalula, said on Monday that Mr. Zuma had been expelled because he “actively impugned the integrity of the A.N.C. from power while claiming that he had not severed his membership.” Mr. Zuma was given 21 days to appeal the decision.

Persons: Jacob Zuma, Zuma, uMkhonto weSizwe, Fikile Mbalula, “, ” Mr Organizations: African National Congress Locations: South

☆ Dream Team dreaming: How great can this U.S. men’s basketball team still be?
▼ + stars: | 2024-07-28 | by ( Joe Vardon | ) www.nytimes.com time to read: +11 min

Still, as the U.S. men’s team starts its Olympic run Sunday, it begins with a roster that has drawn countless comparisons to the Dream Team. On paper, the U.S. men’s team is arguably the best team assembled since 1992. Durant is the most prolific scorer in U.S. men’s history and could, if the Americans win gold in Paris, become the most decorated Olympic men’s basketball player. A loss in the knockout stages, when there are no more second chances, and a Dream Team redux becomes a historic nightmare. In that scenario, the U.S. men’s team would be remembered forever, even if not quite held in the same reverence as the Dream Team.

Persons: Michael Jordan’s, Rod Thorn, Russ Granik, David Stern, Charles Barkley, Karl Malone, Larry Bird, Magic Johnson, Thorn, Jordan, Simone Biles, Michael Phelps, Jesse Owens, Carl Lewis, “, ” Granik, LeBron James, Stephen Curry, Kevin Durant, ” Curry, Gregory Shamus, Barkley, Bird, Magic, we’re, ”, Anthony Davis, James, Curry, Durant, Michael, Larry, Joel Embiid, Jrue Holiday, Jayson Tatum, Kawhi Leonard, Leonard, Embiid, Durant couldn’t, Christian Laettner, Nikola Jokić, Giannis Antetokounmpo, Shai Gilgeous, Alexander, Victor Wembanyama, Wembanyama, who’s, Duke, Steve Kerr, ” Kerr, Gregg Popovich, Popovich, ” James, ” Davis, hasn’t, Wembanyama's, Tim Clayton, Corbis Organizations: Paris Games, PARIS, Team USA, Chicago Bulls, Barcelona Games, ”, U.S, men’s, Dream, Paris, NBA, South, Atlanta Games, USA Basketball, Serbia, Games, Olympic, South Sudanese, American, Lille Olympics, Oklahoma City Thunder, French, FIBA, U.S ., Dream Team, Team, France, Getty Locations: United States, I’m, ”, Europe, Africa, Asia, Australia, South America, South Sudan, Germany, U.S, USA, Jordan, Paris, Cameroon, London, Barcelona, Lille, France, Belgian, Serbia, Greece, Canadian, basketball, Tokyo

☆ The Israel-Hezbollah war that no one wants could finally blow up
▼ + stars: | 2024-07-28 | by ( Analysis Elliott Gotkine | ) edition.cnn.com time to read: +4 min

“We are approaching the moment of an all-out war against Hezbollah,” he said in an Israeli television interview on Saturday evening. And yet, over the past near-10 months of fighting, Israel, Hezbollah and Iran have always pulled back from what appeared to be the brink. All-out war failed to materialise. All-out war failed to materialise. The best way to avoid all-out war between Israel and Hezbollah, says Blinken, is to get a ceasefire in Gaza.

Persons: Amos Hochstein, Joe Biden’s, ”, Majdal Shams, Will Hochstein’s, Israel Katz, Antony Blinken, We’re, Naftali Bennett, “, Aaron David Miller, Israel, can’t, Yoav Gallant, didn’t Organizations: CNN, Carnegie Endowment, International Peace, Iranian Revolutionary Guards Corps, UN, Israeli Locations: Israel, Lebanese, Golan, Chebaa, Lebanon, Majdal, United States, Iran, Beirut, Damascus, Gaza

☆ We are 100 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-07-28 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +11 min

Harris opens up new potential paths to victorySince entering the race, Harris has shown momentum in early polling. This became worrisome for the Biden campaign as warning signs flashed in states like Virginia and New Hampshire. The positive early polling is a great sign for the vice president, but it isn't the only metric that shows momentum. Trump's pick for vice president makes things interestingVice presidential picks are far from guaranteed to help a presidential hopeful win a state. With Biden out of the race, Democrats will likely seek to tie the election — anchored by Harris' candidacy — to the party's future.

Persons: —, Kamala Harris, Donald Trump, Lyndon B, Johnson, Joe Biden's, Biden, Biden's, Trump, Harris, isn't, Sen, JD Vance, MAGA, Joe Biden, hto4J6PkOw —, Harry Enten, Harris —, Al Gore, George W, Vance, Ohio Sen, Win McNamee, Doug Emhoff, Mike Pence, John McCain of, Jim Vondruska, Mark Kelly of Arizona, Josh Shapiro, Tim Walz, Andy Beshear, Roy Cooper of, JB Pritzker, Gretchen Whitmer, Pete Buttigieg, Cedric Richmond of, Kelly, Shapiro, Walz Organizations: Service, The United, Democratic, Business, Democrats, Republican National Convention, Democratic National Convention, GOP, New York Times, Trump, Biden, Harris, CNN, Electoral, NV, Omaha -, Black, Anselm College, Convention, Ohio, Ohio Republican, Senate, Ohio Republicans, White, Getty, Pennsylvania, Bloomberg, Illinois, Navy Locations: The United States, Vietnam, Harris, Chicago, Ohio, Siena, Michigan , Wisconsin, Pennsylvania, Omaha, Nebraska, Virginia, New Hampshire, Minnesota, New Mexico, North Carolina, Georgia, John McCain of Arizona, Michigan, Kentucky, Roy Cooper of North Carolina, Cedric Richmond of Louisiana, Arizona, Wisconsin

☆ Why do women’s haircuts cost more than men’s?
▼ + stars: | 2024-07-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

Last year, the average cost for a standard women’s haircut was $51.71 compared with $34.56 for a men’s haircut across the United States, according to transaction data provided exclusively to CNN by Square, a payment systems provider. A man gets his hair cut in a barber shop in Colchester, United Kingdom. That report found the average cost of a women’s haircut ranging between $45 and $75 across the country, while men’s toggled between $25 and $50, though it did not specify whether the typical women’s haircut included extra services such as a blow dry. “When you go to cosmetology school to become a hair stylist, you learn to how to cut hair,” they told CNN. Goldie x Bob is one such hair salon that, five years ago, threw out its gender-based price list.

Persons: London CNN —, YouGov, ” Matthew Smith, Carl Court, Fred Jones, I’m, ”, Jones, “, Tara Farmer, ” Farmer, Raychel Brightman, Newsday, Caroline Larissey, ” Larissey, ‘, Kristin Rankin, Rankin, ” Rankin, Goldie, Bob, Liz Burns, Ashlie, Burns Organizations: London CNN, CNN, Square, Professional Beauty Federation of California, Getty, & Beauty Federation, “ Locations: United States, South Dakota, Colchester, United Kingdom, West Babylon , New York, New York City, Denver, Ashlie Heath

☆ FIFA hinders Canada’s chances for an Olympic women’s soccer repeat with punishments for drone spying
▼ + stars: | 2024-07-27 | by ( Meg Linehan | ) www.nytimes.com time to read: +5 min

FIFA also noted that the decision was made — very quickly — because of its impact on the outcome of the ongoing Olympic tournament. With the limited size of the Olympic tournament at 12 teams, eight must advance — which means the top two third-place teams make it to the quarterfinals. GO DEEPER Canada Olympic spying scandal: The unanswered questions and possible punishmentsCanada Soccer had hoped to avoid any direct repercussions for the team in France. After staff members for the New Zealand team reported a drone flying above their practice in Saint-Étienne on July 22, they notified local police. Canada Soccer attempted to head off any further punishment by sending Lombardi and Mander (the assistant coach he reported to) back home.

Persons: Bev Priestman, Joseph Lombardi, Jasmine Mander, Kevin Blue, ”, Étienne, Lombardi, Canada’s, Mander, Priestman, Blue, Vaughn Ridley Organizations: FIFA, Canada, Games, Canada Soccer, Olympic, New Zealand, France, Olympics, International Olympic, Ferns, Sport ., Paris Games, Copa America, Getty Locations: Canada, Tokyo, New Zealand, Sport . Canada, France, Colombia, Saint, Canada’s

☆ WBD is suing the NBA so it can stay in business with the NBA. Yikes.
▼ + stars: | 2024-07-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Discovery boss David Zaslav told investors he'd be ok without NBA games, which his TNT network had been airing for decades. You can read an excellent blow-by-blow of WBD's failed negotiations with the NBA from John Ourand at Puck. One is that WBD somehow wins its suit and ends up forcing the NBA to give it games it would prefer to sell somewhere else. And then there are two other possibilities: One is that WBD doesn't get the games, but extracts some kind of settlement from the NBA for supposedly breaching a contract.

Persons: —, David Zaslav, He's, it's, they've, WBD's, John Ourand, WBD, who's, doesn't, Fox — Organizations: Service, Warner Bros, NBA, TNT, Disney, Comcast, Business, HBO, WBD, Fox, Advertisement College, NFL Locations: Puck

☆ Gaza war weighs heavy on the minds of Palestinian Olympians: ‘I want to be an inspiration’
▼ + stars: | 2024-07-26 | by ( Zeena Saifi | ) edition.cnn.com time to read: +8 min

Valerie Tarazi, 24, is originally from Gaza and one of two Palestinian swimmers who will be competing in Paris. Almasri was the first woman to represent Palestine in the World Cross-Country Championships in Belgrade in 2024, according to the Palestine Olympic Committee. But as a refugee, he couldn’t represent Palestine or Syria. Ismail, the team’s best hope to become the first Palestinian to win an Olympic medal, told CNN he feels similarly. This year, there will be eight – the most in history, according to the Palestine Olympic Committee.

Persons: Omar Ismail, Ismail, “, ”, ” Ismail, won’t, Valerie Tarazi, she’s, Tarazi, …, Layla Almasri, ” “, I’d, Almasri, don’t, Faris Badawi, he’s, couldn’t, –, Boxer Wasim Abu Sal, Jorge Salhe, Mohammed Dwedar, Yazan Al Bawwab, we’re, it’s, Omar Organizations: Abu Dhabi CNN, West Bank, United Arab Emirates, CNN, United Nations, International Olympic Committee, National Olympic Committee of Palestine, Games, Olympic Games, Paris, Palestine Olympic, Yarmouk Refugee, Tokyo Games, Palestine Olympic Committee Locations: Abu Dhabi, Jenin, UAE, Jordanian, Uzbekistan, Jordan, Palestine, Palestinian, Gaza, Paris, United States, Belgrade, “, Yarmouk, Damascus, Syria, Europe, Germany, Ramallah, Santiago , Chile, Jericho, Saudi Arabia

☆ N.C.A.A. Settlement Agreement Reveals How Colleges Would Pay Athletes
▼ + stars: | 2024-07-26 | by ( Billy Witz | ) www.nytimes.com time to read: +1 min

and the richest college athletic conferences joined with plaintiffs’ lawyers on Friday to enter a $2.8 billion settlement agreement of their class-action antitrust lawsuit. The filing outlines in some detail how schools would be allowed for the first time to pay college athletes directly. N.C.A.A., and two companion lawsuits would open the door to a new model for college athletics. As soon as a year from now, schools could begin to spend up to slightly over $20 million a year to pay athletes, a ceiling that would rise along with college athletics revenues. The settlement agreement sidesteps addressing Title IX, which among other things bars colleges from treating men’s and women’s sports unequally.

Locations: California

☆ Tom Aspinall: From ‘one of the lowest points’ of his life to interim UFC heavyweight champion, the rise of British fighter
▼ + stars: | 2024-07-25 | by ( Ben Morse | ) edition.cnn.com time to read: +8 min

CNN —Five wins to open his UFC career had Tom Aspinall on course for a title shot. A kick from Aspinall connected with Blaydes’ leg and the British fighter dropped to the canvas, clutching his knee in pain, with the fight ending prematurely. The UFC is seen as the pinnacle of MMA and therefore comes with increased attention, but Aspinall was unfazed. Aspinall says it will be "great" co-headlining UFC 304, an event featuring British fighters competing in each bout. Aspinall says that he feels like "the best in the world" despite holding the interim heavyweight title.

Persons: Tom Aspinall, Curtis Blaydes, Aspinall, Blaydes, ”, ” Aspinall, Julian Finney, I’ve, I’m, Curtis, Tom, Chris Unger, it’s, ” ’, “, …, you’ll, he’s, ’, ’ ” Aspinall, Marcin Tybura, Jon Jones, Stipe Miocic, Jones, Sergei Pavlovich, Pavlovich, Henry Cejudo, Georges, Pierre, ” Cejudo, “ What’s, doesn’t, Cooper Neill, Aspinall’s, Leon Edward’s, Belal Muhammad, It’s, You’re Organizations: CNN —, UFC, O2, CNN Sport, “, Manchester, British, YouTube, ” CNN Locations: London, British, New York’s, Manchester

☆ Prosecutors Say Immunity Ruling Has No Bearing on Trump’s Conviction
▼ + stars: | 2024-07-25 | by ( Ben Protess | Jesse Mckinley | ) www.nytimes.com time to read: +1 min

Manhattan prosecutors are urging the judge who oversaw Donald J. Trump’s criminal hush-money trial to uphold his conviction, seeking to cast doubt on the former president’s long-shot bid to overturn the case because of a recent Supreme Court ruling. Instead, the Manhattan prosecutors noted, he was convicted in May of covering up a sex scandal that had threatened to derail his 2016 campaign, a personal and political crisis that did not involve his conduct as president. Mr. Trump’s lawyers, seeking to link the two cases, have mounted a novel argument. In a recent filing to the judge who presided over the Manhattan trial, Juan M. Merchan, they contended that the Supreme Court’s decision had invalidated at least some of the evidence presented in Manhattan, including the testimony of former White House employees and tweets that Mr. Trump sent as president. The Supreme Court, they noted, had held that official acts could be inadmissible as evidence — even if a case concerned private misconduct.

Persons: Donald J, Trump, Juan M Organizations: White, Manhattan, White House Locations: Manhattan, Washington

☆ US men’s soccer team dealt heavy defeat by host France in opening Olympic match
▼ + stars: | 2024-07-25 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —The US men’s soccer team suffered a brutal return to Olympic action as it was beaten 3-0 by host nation France in its opening match of the Paris Games on Wednesday. The soccer tournament at this year’s Olympics kicked off two days before the Opening Ceremony, with teams consisting predominantly of under-23 players. Playing in its first Olympic Games since 2008, the young US men’s team knew an opening match against the host would be a tough test but, for the first hour at least, it looked more than capable of causing an upset. It will then play Guinea in the final group match on July 30. Meanwhile, Spain beat Uzbekistan 2-1, while Japan thrashed Paraguay 5-0 in some of the other standout scores of the soccer tournament so far.

Persons: Marko Mitrović, Luisa Gonzalez, Djordje Mihailović, Alexandre Lacazette, John Tolkin, Michael Olise, Loïc Badé, “ I’m, Thierry Henry Organizations: CNN, Paris Games, Olympic Games, US, Stade Vélodrome, Reuters, Bayern Munich, ”, Zealand Locations: France, Marseille, ” France, Guinea, , New Zealand, Spain, Uzbekistan, Japan, Paraguay

☆ Opinion | Democrats, All of Them, Must Protect Harris
▼ + stars: | 2024-07-24 | by ( Charles M. Blow | ) www.nytimes.com time to read: +1 min

Donald Trump has openly said that if he wins in November and returns to office, he won’t be a dictator, “except for Day 1.” Kevin Roberts, the president of the Heritage Foundation, the right-wing think tank that organized the potentially country-altering Project 2025, has said, “We are in the process of the second American Revolution, which will remain bloodless if the left allows it to be.” And on Monday at a rally for JD Vance, the Republican vice-presidential nominee, an Ohio state senator named George Lang said, “I’m afraid if we lose this one, it’s going to take a civil war to save the country, and it will be saved.”Into this storm, Vice President Kamala Harris has been drafted as the new best hope for the Democratic Party and perhaps for democracy as we’ve known it; indeed, President Biden’s replacement this late in the 2024 campaign could have been only she. After Biden’s disconcerting debate performance in June, I, like many others, was concerned that the debate over changing the top of the ticket would be a pretext for Democratic insiders to swing open the door to multiple alternative candidates; that they were operating under a delusion and didn’t understand the stubborn math of the Democratic coalition. Fortunately, Democrats appear to have avoided another intraparty skirmish. Exhausted by weeks of infighting over Biden’s withdrawal, they’ve quickly coalesced around Harris, who has collected enough delegate support to make her their presumptive nominee.

Persons: Donald Trump, ” Kevin Roberts, “, JD Vance, George Lang, “ I’m, Kamala Harris, Biden’s, they’ve, Harris Organizations: Heritage Foundation, Republican, Democratic Party, Democratic Locations: Ohio

☆ UK's Thames Water's troubles mount as credit rating cut to junk
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +1 min

Britain's largest water provider Thames Water suffered a blow in its battle to avoid renationalisation on Wednesday as credit rating firm Moody's downgraded its corporate family rating (CFR) and its safest tranche of debt to junk. Moody's downgraded Thames Water's CFR to Ba2 - two rungs into 'junk' rating territory - from Baa3, which is an investment grade and something water firms are supposed to maintain as part of their licence requirements. It safest tranche of debt known as senior secured "Class A" bonds were cut to Ba1, which is one notch into junk, while its riskier "Class B" bonds were dumped five notches lower at B3. Moody's said the downgrade followed this month's provisional ruling from British regulator Ofwat that Thames would not be allowed to raise prices as much as it had requested, and because of its "weakening liquidity position". "Almost certainly it will mean special administration for the company," Seaport credit analyst Satish Pulle said, adding that the downgrade had not come as a surprise.

Persons: Moody's, Satish Pulle Organizations: Thames, CFR, Seaport Locations: Ba2, Baa3, Thames

☆ Was Your 4D Screening of ‘Twisters’ a Blast? Thank These Effects Wizards.
▼ + stars: | 2024-07-24 | by ( Neima Jahromi | ) www.nytimes.com time to read: +1 min

First you get the aroma of the meadowlands. Then, a vision of an Oklahoma prairie fills the screen and, as the grass undulates, a soft breeze wafts over you and your seat sways. These sights, sounds, feelings and scents open a 4D presentation of the tornado thriller “Twisters.” For the past decade and a half, companies like CJ 4DPlex have turned splashing and shaking moviegoers into an art, fine-tuning their instruments to lure fans into theaters. Carefully tracking through each scene, they look for moments to heighten the experience in a way that adds meaning without distracting from the narrative. In a typical 4D presentation, audiences pay on average $8 more than the price of a regular ticket to sit in pods of four chairs that can pitch and tilt subtly or with extreme force, using technology first developed for military flight simulators.

Persons: CJ 4DPlex, Indiana Jones, Paul Atreides Organizations: meadowlands Locations: Oklahoma, Nazi

☆ Wiz ends talks with Google on $23 billion deal
▼ + stars: | 2024-07-23 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Wiz has ended talks with Google parent Alphabet on a proposed $23 billion deal in which the Israeli cybersecurity startup would have become the US tech giant’s largest ever acquisition, according to a Wiz memo seen by Reuters. Neither Alphabet (GOOGL) nor Wiz have officially acknowledged deal talks. The Wiz memo did not name Google or Alphabet. CNN reported earlier this month that Alphabet was in advanced talks to buy Wiz for roughly $23 billion, citing a person familiar with the matter. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said.

Persons: Assaf Rappaport, ” Rappaport, Wiz Organizations: Google, Reuters, Wiz, CNN

☆ Opinion | Judge Cannon and JD Vance Are on the Same Team
▼ + stars: | 2024-07-23 | by ( Jesse Wegman | ) www.nytimes.com time to read: +1 min

In the days since Judge Aileen Cannon issued her inexplicable 93-page dismissal of the classified-documents case against Donald Trump, I’ve been coming back to something JD Vance said on a podcast in 2021. Mr. Vance, the Ohio senator and now Mr. Trump’s running mate, predicted on the podcast that the former president, who had been recently disgraced by his insurrectionary attempt to overturn the 2020 election, would nevertheless run again in 2024. Should Mr. Trump win, Mr. Vance said, he had some advice: “Fire every single midlevel bureaucrat, every civil servant in the administrative state, replace them with our people.” And if the courts ruled against him? No problem, Mr. Vance said: Just blow them off. “We are in a late republican period,” he added, alluding to weakness in the ancient Roman Republic.

Persons: Aileen Cannon, Donald Trump, I’ve, JD Vance, Vance, Trump’s, Trump, ”, Jack Murphy, ’, Mr, Murphy, “ Locations: Ohio, Roman Republic

☆ Cramer says consumers are more frugal, turning from companies without value prices
▼ + stars: | 2024-07-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday discussed consumer behavior, saying many are fed up with high prices of certain companies' products and services, such as those in the airline or retail business. They are pushing back on high prices, they are demanding bargains," he said. To Cramer, the travel and leisure bull market might be over, noting that many airlines have recently reported disappointing quarters. Cramer suggested that consumers maybe "aren't flocking to cruises as much as they're fleeing from higher hotel prices." And she's exacting, not revenge travel, but revenge against all who've kept prices high."'

Persons: CNBC's Jim Cramer, inflation's, Cramer, Louis Vuitton Organizations: Fed, Costco, Walmart

☆ The global tech outage showed how we’re just one mistake away from chaos
▼ + stars: | 2024-07-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“So this is going to be incredibly painful for CrowdStrike customers.”And even if your business had nothing to do with CrowdStrike, the outage still might have ruined your day. You didn’t have to be a CrowdStrike customer to get screwed by the company’s mistake, and that’s what made Friday’s outage so frustrating. But the scale of the CrowdStrike outage is once again underscoring just how interconnected the world has become through a network almost none of us understands and which is largely self-regulating. Microsoft estimated the CrowdStrike outage affected some 8.5 million Windows devices. “Our tech platforms have a mix of legacy systems coupled with modern systems, which means that the weakest link determines the overall system performance.

Persons: CNN Business ’, — didn’t, you’ve, CrowdStrike, Brian Fung, ”, Kevin Beaumont, underscoring, Stuart Madnick, Anil Khurana, ” Khurana, Khurana, Madnick, it’s Organizations: CNN Business, New York CNN, Blue, Microsoft, MIT Sloan School of Management, Airlines, Baratta Center, Global Business, Georgetown’s McDonough Business School, Boeing, JPMorgan Locations: New York

Search resuls for: "Blow"

25 mentions found