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☆ Samsung launches the Galaxy Ring — a first-of-its-kind product for the tech giant
▼ + stars: | 2024-07-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. Arjun Kharpal | CNBCPARIS — Samsung launched the Galaxy Ring on Wednesday, its first foray into "smart rings." Exercise: The Galaxy Ring can detect the kind of workout or activity a person is doing. The Samsung Galaxy Ring will be available on July 24 and starts at $399.99. Samsung ecosystem playOn Wednesday, Samsung also took the wraps off its latest smartwatches — the Galaxy Watch7 and Galaxy Watch Ultra.

Persons: Arjun Kharpal, —, Paolo Pescatore, Pescatore, Kharpal, Francisco Jeronimo, Apple, Ben Wood Organizations: Samsung, CNBC PARIS, Apple, PP Foresight, CNBC, Galaxy, Wednesday, Galaxy Watch, Samsung Galaxy Watch, Korean, IDC, CCS Insight Locations: Paris, France, Europe, East, Africa

☆ At least 7 dead and more than 2 million without power in Hurricane Beryl aftermath
▼ + stars: | 2024-07-09 | by ( Patrick Smith | ) www.cnbc.com time to read: +1 min

A home destroyed by Hurricane Beryl bakes in the midday sun on Monday off Blue Water Highway in Surfside Beach. At least six people have died in Texas and one in Louisiana as a result of Hurricane Beryl, as a huge clean-up and restoration operation gets underway to reconnect 2.3 million energy customers who lost power during the storm's disastrous procession through the state. A 53-year-old man and a 74-year-old woman both died when trees fell onto their homes in separate incidents in Harris County, Texas, police said. Beryl has since been downgraded to a tropical depression, but more than 21 million people from Arkansas to Michigan were under flood watches Tuesday morning as it continues to moves northeast. At least six people died in Texas as a result of the storm after it made landfall on Monday as a Category 1 hurricane with sustained wins speeds of 80 mph.

Persons: Hurricane Beryl bakes, Hurricane Beryl, Russell Richardson, Sheriff Julian Whittington, Beryl Organizations: Montgomery County Emergency Management, Magnolia . Houston Police Department, Sheriff, Facebook, National Weather Service Locations: Surfside Beach, Texas, Louisiana, Hurricane, Harris County , Texas, Montgomery County, Magnolia ., Bossier Parish , Louisiana, Shreveport, Arkansas, Michigan

“My cart looks ridiculous,” said Ms. Uhuru, 48, who supplements her hauls with vegetables grown in her garden. “People think I am a shift shopper.” Sylvia Jarrus for The New York Times, including previous image. Sawyer’s April Shopping Total shopping trips: 14 Impulse purchases: Castelvetrano olives ($5.99) and sparkling water (prices vary) Share of drinkable purchases: 70 percent What might a stranger notice if she peered into Sawyer Bonsib’s cart? “The old adage ‘Don’t go grocery shopping when you are hungry,’ applies triply during Ramadan,” he said. “Or my toddler will gnaw on a tortilla while I’m making dinner.” Jessica Attie for The New York Times, including previous image.

Persons: —, creamer, Jackie Kesterson, haven’t, ”, “, Kesterson, Rebecca Gratz, Kimberly Uhuru Detroit, Kimberly Uhuru, Uhuru, ” Sylvia Jarrus, Sawyer, Mr, Bonsib, Alcoholics Anonymous, isn’t, ” Will Newton, pita —, Pecorino Romano, pistachios, Ayse Gilbert, Gilbert, She’s, ” Kerry Tasker, Sonal Singh, Singh, Carolyn Fong, Bingahlan, Abdul Bingahlan, chiles, We’re, Bingahalan, ‘, Brittainy Newman, Amy O’Neill Houck, ” — Mindy Huskins, — Naeman Mahmood, ” — Martha Goff, Gabby Cavazos Austin, Gabby Cavazos, Cavazos, ” Jessica Attie, Young, Alan Young, . Young, Croix seltzer Organizations: THE, Amazon Grocery, Vee, The New York Times, Walmart, Alcoholics, Costco, Gilbert Anchorage, University of Georgia, Mart, chiles, Atlanta, Emory, Coordinating, Foods, Assistance, SNAP Locations: United States, romaine, Jackie Kesterson Omaha, Rosedale Park, Target, Croix, Waterloo, Malvern, Ark, Gilbert, Alaska, Anchorage, Carmel , Calif, California, Sonal Singh Foster City, Calif, India, Foster City, Bingahlan New York City, Cordova , Alaska, Newark, Del, Atlanta, Sacramento, Gabby Cavazos Austin , Texas, Texas, Young Hilo, Hawaii

☆ The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items
▼ + stars: | 2024-07-09 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Chinese e-commerce giants try to lure in customers with attractive salesHistorically, e-commerce has accounted for a hefty chunk of China's retail spending. AdvertisementIn 2023, online retail sales nationwide reached $2.12 trillion, accounting for 27.6% of the total retail sales of consumer goods in the country, according to the National Bureau of Statistics. China's youth unemployment rate stood at 14.9% as of December, according to China's National Bureau of Statistics. And the average per capita income in China in the first quarter of 2024 was $905, according to the National Bureau of Statistics. Figures from the National Bureau of Statistics showed that new home prices in 70 major Chinese cities were down 0.7% from April.

Persons: —, they've, Alibaba, JD.com, Allison Malmsten, Yaling Jiang, they're, Jiang, Evergrande Organizations: Service, Business, CNBC, National Bureau of Statistics, Apple, Daxue Consulting, National Bureau, Statistics Locations: China

☆ CNBC Daily Open: French far-right advance blocked
▼ + stars: | 2024-07-08 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advance thwartedFrance's left-wing New Popular Front coalition unexpectedly blocked a far-right advance in the parliamentary run-off vote, securing the largest number of seats but falling short of an absolute majority. Gox bankruptcy estate confirmed that repayments in bitcoin and bitcoin cash had commenced, likely fueling investor concerns of a massive sell-off. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst.

Persons: France's, Jan Hatzius, Goldman Sachs, Bitcoin, Emmanuel Papadakis Organizations: CNBC, Popular Front, Rassemblement, Nasdaq, Dow Jones, Federal Reserve, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Nvidia, Wall Locations: Europe's, U.S, Gox, bitcoin, Novo

☆ Investors can nab attractive dividends with these high-quality stocks
▼ + stars: | 2024-07-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Those dividends may begin to look more attractive to investors as the Federal Reserve starts cutting interest rates. UBS compiled a list of global, high-quality dividend stocks using its quantitative models, as well as its fundamental analysts. "Throughout the process, we emphasise the stability and growth potential of dividend streams, as opposed to the current yield," analyst Claire Jones said. Investors can grab a 2.69% dividend yield with Home Depot . The oil giant boasts a 3.35% dividend yield and is up more than 11% so far this year.

Persons: What's, Claire Jones, Richard McPhail, Giovanni Staunovo, Brent, Jonathan Woloshin, Sempra, Jeffrey Martin, CNBC's Jim Cramer, Melissa Repko, Spencer Kimball Organizations: UBS, Federal Reserve, Depot, CNBC, Exxon Mobil, Exxon, Pioneer Natural Resources, CME Group, JPMorgan, Group, Utilities Locations: Saudi, Aramco

☆ We're trimming two tech stocks to lock in massive gains of 150% and 94%
▼ + stars: | 2024-07-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Palo, Jim Cramer, Jim Organizations: Palo Alto Networks, Meta, CNBC Locations: billings

The next round of filings for spot ether ETFs with the SEC is due today, part of the ongoing regulatory process required before spot ether ETFs can be launched. One thing's for sure: the launch of spot bitcoin ETFs this year has been a success. That's still true for this year, but two of the top 10 ETF inflows year to date have been into spot bitcoin ETFs: iShares Bitcoin Trust (IBIT) at number four, and Fidelity Wise Origin Bitcoin Trust (FBTC) at number eight. Would 50% of the inflows of the spot bitcoin ETF be a win? We'll talk about this with Matt Hougan from Bitwise Asset Management, one of the applicants for a spot ether ETF.

Persons: That's, iShares, Matt Hougan, Matt, Nate Geraci Organizations: SEC, Nasdaq, Fidelity, Bitcoin, Stock, Aggregate, Blackrock US, Bitwise Asset Management, Edge

☆ Here are 3 major reports that could drive the stock market in the week ahead
▼ + stars: | 2024-07-06 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Three of the four big money center banks report this coming Friday, including Club name Wells Fargo . Economic data : The June consumer price index (CPI) is out on Thursday morning, and the June producer price index (PPI) is out on Friday morning. Earnings season : Within the portfolio, net interest income (NII) guidance is going to be a key watch item when Wells Fargo reports its quarter this coming Friday. However, other factors like muted loan demand have prevented Wells Fargo from raising its outlook this year. Wells Fargo – and our other bank name Morgan Stanely – both passed, indicating they have strong capital positions with excess money to return to shareholders.

Persons: May's, You'll, Wells, Michael Santomassimo, Morgan Stanley, We're, Wells Fargo, Morgan Stanely –, JPMorgan Chase, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Dow Jones Industrial, Nasdaq, Apple, Broadcom, Club, Meta, Energy, Constellation Brands, Corona, Modelo, Federal Reserve, Manufacturing, PMI, Fed, Wells, PPI, CPI, PepsiCo, Delta Air Lines, DAL, Conagra Brands, JPMorgan, Citigroup, Jim Cramer's Charitable, CNBC, U.S, New York Stock Exchange, Nurphoto, Getty Locations: Wells Fargo, FactSet, Wells, Wells Fargo –, New York, United States, America

☆ How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money
▼ + stars: | 2024-07-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +10 min

Read previewNate Anderson, the chief mind behind activist short-seller Hindenburg Research, has had an eventful past 18 months. AdvertisementDetailed below is the considerable back-and-forth that's taken place since Hindenburg's initial shot across the bow of Adani Group. It cited "numerous examples"of those companies funneling money through private companies owned by Adani, before cash was set to Adani's listed public companies. AdvertisementThe short-seller's investigation also found Adani's private and public companies to have "numerous" undisclosed transactions with other parties, the researchers found, which violates regulatory laws in India. Conflict over Hindenburg's short-selling arrangementIndian regulators have raised specific questions about the structure of Hindenburg's short bet on Adani Group.

Persons: —, Nate Anderson, Gautam Adani, Hindenburg, it's, Anderson, Gautam, Hindenburg's, Adani, SEC —, Kingdon, who's, he's, Nikola, Carl Icahn Organizations: Service, Hindenburg, Business, Group, Adani, Adani Group, Hindenburg Research, The Securities, Exchange Board, SEC, Kingdon Capital Management, Regulators, Lordstown Motors, Icahn Enterprises, New York Times, Times, charlatans Locations: India, Manhattan, Adani, New York

☆ Anatomy of a Landslide
▼ + stars: | 2024-07-05 | by ( Josh Holder | Lauren Leatherby | ) www.nytimes.com time to read: +9 min

Vote share for the Conservatives dropped all over the country SCOTLAND NORTHERN IRELAND ENGLAND WALESAnatomy of a Landslide Support for the Conservatives plummeted, propelling the Labour Party into power. ... they lost almost half to Labour ... 372 seats Labour 412 ... and 60 to the Liberal Democrats Labour 200 Reform 4 S.N.P. Labour won a landslide with just a third of the vote0 10% 20% 30% 40% 50% 60% 70% Vote share Seat share Labour won almost two-thirds of seats with just a third of votes. Seat Vote Green 0 20% 40% 60% Vote share Seat share Labour won almost two-thirds of seats with just a third of votes. 29.4 15.5% 2019 2024 Lib Dem 9.3 7.7% 2019 2024 Green 3.4 11.1% 2019 2024 Reform 2.8 11.3% 2019 2024 Next youngest constituencies 33.9 38.1% 2019 2024 45.3 24.0% 2019 2024 10.9 10.9% 2019 2024 2.3 6.1% 2019 2024 3.2 17.2% 2019 2024 Older constituencies 25.6 32.4% 2019 2024 49.2 26.4% 2019 2024 12.5 13.7% 2019 2024 2.5 5.4% 2019 2024 2.0 16.4% 2019 2024 Oldest constituencies 20.6 25.9% 2019 2024 55.1 30.3% 2019 2024 13.5 15.9% 2019 2024 2.9 5.7% 2019 2024 0.6 16.3% 2019 2024 Source: Age data from the Office for National Statistics and Scotland Census Note: Constituencies are bucketed by median age.

Persons: Nigel Farage, Farage’s, — Organizations: Conservatives, WALES, Labour Party, Scottish National Party, Labour, Liberal Democrats, Scottish, Liberal, Conservative Conservatives, Conservative, Liberal Democrats Labour, Liberal Democrats Lab, National Government, Conservative Party, Center, Conservative Labour, Left Green Labour, Green Party, Green, Office, National Statistics, Reform Locations: SCOTLAND, England, postindustrial, Midlands, North, United Kingdom, Britain’s Parliament, Scotland

☆ Ron Insana: Why this jobs report should spur the Fed to cut rates in July
▼ + stars: | 2024-07-05 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

It's time for the Fed to cut rates at the end of July. Add to that the moderation in the consumer price index , the producer price index and the personal consumption expenditures price index – the Fed's preferred inflation gauge – and the need to wait for further signs of improvement seems like overkill. Also, if the Fed dials back policy later – rather than sooner – there will be claims of political interference if it cut rates immediately before the presidential election. The central bank has been dealing with an economy-crashing pandemic, a surge in prices and uncertainty over how its policies would affect the broad economy, inflation and consumer behavior over time. This is a factor that will likely drive inflation rates lower.

Persons: Adrian –, –, Mickey, Dow Jones, Joe Biden, Adrian . Go, Ron Insana Organizations: Federal Reserve, Fed, Dow, New York Federal, Atlanta, CNBC

☆ Inflation will be in focus in the week ahead as stocks attempt to sustain all-time highs
▼ + stars: | 2024-07-05 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Some key inflation readings in the week ahead could bolster the case for a September interest rate cut, as investors deliberate how long stocks can sustain their rally to record highs. After a rocky start to the year, a recently improving inflation picture has investors hopeful the Federal Reserve could soon start to lower rates. Stubborn inflation patches The June consumer price index is expected to show a slight improvement in the headline number. In May, for example, shelter inflation rose 0.4% on the month and 5.4% on the year, while other key items declined. Monday, July 8 3 p.m. Consumer Credit (May) Tuesday, July 9 6 a.m. NFIB Small Business Index (June) Wednesday, July 10 10 a.m. Wholesale Inventories final (May) Thursday, July 11 8:30 a.m. Consumer Price Index (June) 8:30 a.m.

Persons: nonfarm payrolls, Mark Malek, FactSet, there's, Ross Mayfield, Baird, Mayfield, David Kelly, CNBC's, Wells, Price, JPMorgan Chase Organizations: Reserve, Dow Jones, Nasdaq, CPI, PPI, FactSet, University of Michigan, Asset Management, Citigroup, JPMorgan Chase, PepsiCo, Delta Air Lines, Consumer Credit, Treasury Budget, Air Lines, Conagra, JPMorgan, Bank of New York Mellon Locations: U.S, Wells Fargo, Michigan, Fastenal

☆ A stolen painting found in a plastic bag at a London bus stop just sold for $22 million.
▼ + stars: | 2024-07-04 | by ( Jack Newsham | ) www.businessinsider.com time to read: +1 min

"Rest on the Flight into Egypt" and other works were stolen from an English country house in 1995. The painting, by a Venetian Old Master, was found at a bus stop in 2002 after a tip-off. The auction house Christie's said the £17.5 million sale price set a record for a work by Titian. AdvertisementAn early painting by one of Europe's most famous painters was auctioned for a record high price years after it was recovered in a shopping bag at a bus stop. It was the highest-priced work to be sold that evening and set a record for any work by Titian, the auction house said.

Persons: Christie's, Titian, — Organizations: Service, Business Locations: Egypt

☆ The five secrets to Ferrari’s success as a luxury brand
▼ + stars: | 2024-07-04 | by ( Robert Frank | ) www.cnbc.com time to read: +10 min

In this article RACE-IT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn the world of luxury, Hermès is arguably the gold standard. Analysts predict Hermès could surpass Louis Vuitton in revenue within the next three years as the world's largest luxury brand. There is one luxury company, however, that has raced past Hermès when it comes to growth and brand cache – Ferrari. To better understand what makes Ferrari a luxury brand, CNBC traveled to Ferrari headquarters in Maranello, Italy, to interview the company's CEO, Benedetto Vigna. "A luxury company is a company that is using technology, innovation, storytelling, heritage, everything, with the ultimate goal to feed that emotional side that we all have."

Persons: Birkin, Louis Vuitton, Hermès, Enzo Ferrari, Ford, Ferrari, Bernstein, Luca Solca, Benedetto Vigna, Robert Frank, Vigna, Adam Jeffery, Solca, Ferraris, Martyn Lucy, Bernard Arnault, Crystal Lau, Francesca Volpi Organizations: Ferrari, New York Stock Exchange, General Motors, CNBC, Ferraris, Goodwood Festival, Getty, Spiders, Rolex, Hermès, Bloomberg Locations: Maranello, Italy, Geneva, Chichester , England, it's, California, Roma

☆ Wall Street banks name UK stocks to watch as Brits head to the polls
▼ + stars: | 2024-07-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

It would mark the second-highest pre-election performance since 1992, trailing only the 12.6% surge seen before the 1997 election, according to RBC's Fielding. "Overall, should a similar pattern to the 1997 election emerge in the future, the forward 1, 3, and 6-month periods could be notably strong." Genuit , Howden , and Travis Perkins were highlighted in the Building Materials sector, while Taylor Wimpey and Vistry were flagged in the homebuilders category. The bank specifically highlighted Barratt , Persimmon , and Taylor Wimpey as companies likely to benefit from these reforms. "Barratt and Taylor Wimpey remain our preferred Buy-rated names given the opportunities arising from potential planning reforms and relatively undemanding valuations."

Persons: Mark Fielding, RBC's Fielding, Fielding, Genuit, Travis Perkins, Taylor Wimpey, Ami Galla, Galla, —, Labour —, Barratt, Persimmon, " Barratt, AJ Bell Organizations: RBC Capital Markets, Conservative, Labour, RBC, FTSE, FTMC, Materials, AFC Energy, ITM Power, boohoo Locations: Howden, Germany, St, James's, London, Berkeley

☆ An options bet that wins if homebuilder stocks continue to weaken under high rates
▼ + stars: | 2024-07-03 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Back in late May I published a bearish thesis on the homebuilders and laid out a trade for D.R. Since then, homebuilders have continued to underperform the S & P 500 and as 10-year yields continue to climb back towards 4.5%. I believe that there is further downside and currently there is another opportunity to take another bearish trade on DHI. Just earlier this week the $140 support level was broken and we can now confirm a new bearish trend. The total risk on this trade would be $625 per contract if DHI is above $140 at expiration.

Persons: Horton, homebuilders, DHI Organizations: D.R, CNBC, NBC UNIVERSAL Locations: DHI

☆ Tiny Titian masterpiece once found at London bus stop sells for over $22 million
▼ + stars: | 2024-07-03 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

London CNN —A twice-stolen painting by Italian Renaissance master Titian, which was once found in a plastic bag at a bus stop in London, sold for $22.3 million at auction on Tuesday. Titian, whose real name was Tiziano Vecellio, made the work in the first decade of the 16th century, at the beginning of his career. Measuring just 18.25 inches by 24.75 inches (46.2 centimeters x 62.9 centimeters), the painting is tiny compared with some of the massive works for which Titian became known later in his life. In 1995, it was stolen from Longleat, the home of Thynne’s descendants, and disappeared for seven years, before it was found at a bus stop in London by art detective Charles Hill. “This picture has captured the imaginations of audiences for more than half a millennia and will no doubt continue to do so,” he added.

Persons: London CNN —, Titian, Egypt ”, Christie’s, Jesus, Mary, Joseph, Herod, King of Judea, Tiziano, John Alexander Thynne , 4th Marquess of Bath, Charles Hill, ” Orlando Rock Organizations: London CNN, Italian, Napoleonic, Christie’s Locations: London, Egypt, Vienna, Paris, Wiltshire, England

☆ Gold at near 2-week high as soft U.S. data lifts Fed rate-cut bets
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve's last policy meeting for fresh cues on when the U.S. central bank will start cutting interest rates. Gold prices rose more than 1% to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve after recent U.S. data suggested that the labor market was softening. "Bulls are trying to get ahead of what many believe will finally be a weak payrolls report on Friday," he added. [USD/The market now sees a 68% chance of the Fed cutting interest rates in September as well as another cut in December. Elsewhere, spot silver rose 3.4% to $30.52 per ounce, platinum gained 1.8% to $1,008.50 and palladium climbed 2.7% to $1,049.

Persons: Tai Wong Organizations: Federal Reserve, Bulls Locations: U.S, New York

☆ US announces $2.3 billion military aid package for Ukraine
▼ + stars: | 2024-07-03 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —The US announced a new $2.3 billion military aid package for Ukraine on Wednesday, one day after Defense Secretary Lloyd Austin said the US would soon provide Kyiv with more air defense interceptors and critical munitions. The $2.2 billion in USAI funding for Ukraine is one of the largest such packages the US has announced, though it is dwarfed by the $6 billion USAI package announced in late-April. This is also the fifth military aid package for Ukraine since the passage of a $95 billion supplemental aid package in April, which included $61 billion in aid for Ukraine. In opening statements before their meeting, Austin said the US would soon be announcing the $2.3 billion security package. The US has provided approximately $53.6 billion in security assistance to Ukraine since the beginning of the war.

Persons: Lloyd Austin, “, Biden, Austin, Rustem Umerov Organizations: CNN, US, Ukraine, Pentagon, Presidential, Ukraine Security Assistance Initiative, Kyiv, Biden Administration, Ukrainian Defense Locations: Ukraine

LONDON — European stocks closed higher Wednesday, as sentiment remains on edge ahead of two major elections. The index provisionally closed 0.8% higher, with most sectors in the green led by mining stocks, up 2.3%. Maersk shares ticked 3.8% higher after the shipping giant withdrew from sales talks with logistics firm DB Schenker. It comes as figures showed softening in the U.S. labor market. ADP data showed less private payroll growth than expected in June, while weekly jobless claims numbers came in higher than forecast.

Persons: Vincent Clerc, Jerome Powell Organizations: Maersk, DB Schenker, Labour Party, Reuters, U.S, Federal Locations: France, Asia, Pacific, U.S

☆ United Airlines is texting travelers live weather maps to explain flight delays
▼ + stars: | 2024-07-03 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A United Airlines plane seen at the gate at Chicago OHare International airport (ORD)on October 5, 2020 in Chicago, Illinois. Don't believe bad weather is the reason your United Airlines flight is delayed? The airline will now text you live radar maps to prove it. Bad weather can also force flights not only to depart late but to take longer routes to avoid it, delaying arriving aircraft. United said on Wednesday that it is using generative artificial intelligence to send travelers links to live radar maps, provided by flight-tracking platform FlightAware, as well as other flight disruption causes, such as mechanical issues or airport congestion.

Persons: United Organizations: United Airlines, Chicago OHare International, Federal Aviation Administration, United Locations: ORD, Chicago , Illinois

☆ Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines
▼ + stars: | 2024-07-03 | by ( Gregory Wallace | ) edition.cnn.com time to read: +9 min

A string of whistleblowers this year has raised allegations about Boeing factory lapses, including an official federal complaint from a current employee that Boeing hid potentially defective parts from Federal Aviation Administration inspectors, and that some of those parts likely ended up in planes. Most of the parts that were meant to be scrapped were often painted red to signify they were unsuitable for assembly lines, Meyers said. In a statement to CNN, Boeing did not dispute Meyers’ allegations. Meyers describes a pressure-packed environment at the Everett factory, where assembly teams competed with each other to find the parts they needed. Workers assemble Boeing Co. 787 Dreamliner airplanes at the Boeing Everett Factory in Everett, Washington.

Persons: CNN —, Merle Meyers, Meyers ’, Meyers, “, ” Meyers, ”, Max, Dave Calhoun, Sam Mohawk, Richard Cuevas, Aerosystems, Patrick T, Pete Muntean Organizations: CNN, Boeing, Everett, Federal Aviation Administration, Company, New York Times, FAA, Justice Department, Occupational Safety, Health Administration, Engineering, Workers, Boeing Co, Boeing Everett Factory, Fallon, Bloomberg Locations: Everett , Washington, Auburn , Washington

☆ CNBC Daily Open: 'Roaring Kitty' gets chewed up
▼ + stars: | 2024-07-02 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock exchange during morning trading on Nov. 10, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. AI momentumWall Street kicked off the second half of the year with modest gains, propelled by continued strength in megacap stocks. Boeing, Spirit upShares of Boeing and Spirit AeroSystems rose 2.58% and 3.35% respectively after Boeing agreed to buy back fuselage maker Spirit in a $4.7 billion all-stock deal.

Persons: Keith Gill, Gill, Paris . Hurricane Beryl Cruise, Tom Lee, Lee Organizations: New York Stock, CNBC, Dow Jones, Nasdaq, Microsoft's, Paramount, Warner Bros ., Netflix, Securities and Exchange Commission, Wall, Boeing, Airbus, Paris . Hurricane, Norwegian Cruise, Royal Locations: New York City, U.S, Chewy, Belfast , Wichita, North Carolina, Paris ., Grenada, Norwegian, Royal Caribbean, Mt

Robert Smith, founder, chair and CEO of Vista Equity Partners, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. With this debt, Vista could generate strong returns if Pluralsight's business performed well, according to the sources. They also show that Vista propped up Pluralsight by allowing it to borrow $162.5 million from its private equity fund. "The company experienced rapid deterioration of its business in the first quarter," Vista wrote in a fund document dated May 28. In a May 28 update to fund investors, Vista said Pluralsight's equity value went from $1.5 billion to zero in the first quarter of 2024.

Persons: Robert Smith, Lucy Nicholson, Vista, Pluralsight, Goldman Sachs, Golub, Gustavo Schwed, NYU Stern, It's, Steven Kaplan, Kaplan, Chris Walters, Aaron Skonnard, Walters, Skonnard, KBRA, Milana Vinn, Greg Roumeliotis, Dave Gregorio Organizations: Vista Equity Partners, Milken Institute Global Conference, REUTERS, Vista Equity, Reuters, Cloud, U.S . Securities, Exchange Commission, Vista, NYU, Chicago Booth School, Business, Thomson Locations: Beverly Hills , California, U.S, Vista, BlackRock, Oaktree, Pluralsight, New York

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