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☆ ABC ‘full steam ahead’ for presidential debate, despite Trump backing off commitment
▼ + stars: | 2024-07-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —ABC News is continuing preparations for an upcoming presidential debate, despite former President Donald Trump saying he won’t consider participating in a debate until the Democratic Party formally chooses its nominee. “Full steam ahead,” an ABC network source told CNN on Friday. I agreed to a debate with Joe Biden,” Trump, the Republican nominee, said on a press call earlier this week. After Biden dropped out and endorsed Harris, Trump suggested the ABC debate should be moved to the right-wing network Fox News. Earlier this week, Fox sent letters to both campaigns offering to host their own presidential debate.

Persons: Donald Trump, ”, David Muir, Linsey Davis, “, Joe Biden, ” Trump, she’ll, Kamala Harris, Trump, ’ ” Harris, Biden, Harris, Fox, Jason Miller, Axios, I’m Organizations: New, New York CNN, ABC, Democratic Party, CNN, Republican, Democratic, NBC, Biden, Trump, CBS, Fox Locations: New York

☆ LMVH and other global luxury brands are hurting as Chinese shoppers rein in spending
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.

Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, ”, Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States

☆ NASA Perseverance rover’s rock find may show microbial life existed on Mars
▼ + stars: | 2024-07-26 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —The NASA Perseverance rover may have found a pivotal clue that’s central to its mission on Mars: geological evidence that could suggest life existed on the red planet billions of years ago. “These spots are a big surprise,” said David Flannery, member of the NASA Perseverance science team and an astrobiologist at the Queensland University of Technology in Australia, in a statement. But the arrowhead-shaped specimen could help the Perseverance team unlock whether Mars was once a planet hospitable to life. Perseverance rover captured a 360-degree panorama of a region on Mars called “Bright Angel,” where a river flowed billions of years ago. Exploring Mars’ pastSince landing on Mars, Perseverance has crossed Jezero Crater and explored an ancient river delta in search of microfossils of past life.

Persons: ”, David Flannery, haven’t, Mars, “ We’re, Briony Horgan, we’ve, —, Morgan Cable, MSSS “ We’ve, Ken Farley, it’s, Perseverance, Nicola Fox, Bill Nelson, ” Horgan, ” Farley Organizations: CNN, NASA, Queensland University of Technology, Purdue University, Chemicals, NASA’s Jet Propulsion Laboratory, JPL, Caltech, ASU, ” Cable, California Institute of Technology, MSSS Geologists, Science Locations: Australia, West Lafayette , Indiana, Mars, Pasadena , California, Cheyava, Pasadena, Neretva

GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.

Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg

The 48 states also include the 15 states where former President Donald Trump, the Republicans’ 2024 nominee, had his highest share of the vote in 2020. Since Biden was never the official nominee, states say there’s no problem for HarrisThe election authorities in 48 states and the District of Columbia offered highly similar comments explaining why Harris does not face any hurdles getting on the ballot there. Chelsea Carattini, spokesperson for Republican Idaho Secretary of State Phil McGrane, said in an interview: “There’s no issue. It’s impossible to say for certain whether a particular court in a particular state might rule that the state’s elections authority was wrong. Any challenges after the convention would be challenges to a nominee who received the support of the convention delegates under convention rules.

Persons: Kamala Harris, Mike Johnson, Joe Biden, CNN Harris, Harris, Johnson, they’re, ”, Biden, Donald Trump, Patrick Gannon, ” Gabriel Sterling, Brad Raffensperger, it’s, haven’t, ’, Chelsea Carattini, Phil McGrane, “, ” Michon Lindstrom, Michael Adams, Kamala, ” Rachel Soulek, Monae Johnson, ” Landon Palmer, State Mac Warner, ” Laney Rawls, Wes Allen, Rawls, CNN’s Tierney Sneed, Derek Muller, ” CNN’s Marshall Cohen, Ethan Cohen Organizations: Washington CNN, Democrats, Democratic, CNN, ABC, of Columbia, Republicans, District of Columbia, North, North Carolina State Board, State Board, Democratic Party, Republican Georgia, Republican, Trump, Chelsea, Republican Idaho, Republican Kentucky, Republican West, State, Republican Alabama, ”, University of Notre Dame Locations: Florida, Montana, Georgia, Arizona , Wisconsin , Pennsylvania, North Carolina , Michigan, Nevada, North Carolina, South Dakota, Alabama

☆ Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.

Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest

☆ TikTok is betting its future on e-commerce. Should it?
▼ + stars: | 2024-07-26 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +8 min

From conversations with e-commerce analysts, TikTok Shop partners, sellers, and creators, it's clear that Shop is growing steadily in the US and driving meaningful sales for some brands. TikTok Shop is also showing strong momentum in regions outside the US that have embraced social shopping more, like Southeast Asia. Order-tracking platform Route saw global order volume on TikTok Shop grow a modest 35% between January and June. AdvertisementWhat's working for TikTok ShopWell-timed promotional campaigns and live selling have bolstered TikTok Shop's growth this year, agency sources told BI. TikTok Live has become an e-commerce hub for all types of sellers, including pre-owned luxury retailer What Goes Around Comes Around, which has a streaming studio in its store.

Persons: —, influencers, TikTok, it's, It's, Nicole Rechtszaid, Steele, Pena, Rechtszaid, Dan Whateley, Julian Reis, SuperOrdinary, Reis, we've, Michael Yamartino Organizations: Service, Business, TikTok Shop, TikTok, Ghost Agency, Amazon's, livestreams Locations: Southeast Asia, Paris, Maybelline New York, Asia, China

☆ A massive tech sell-off and small-cap rally are just getting started. Make 5 investments to avoid missing out.
▼ + stars: | 2024-07-26 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Small caps should also get a boost from interest rate cuts, which typically translate to disproportionately large gains for the group. That helps confirm what investors are realizing: small caps are the place to be. When large caps sneeze, the market catches a coldThe small-cap breakout has coincided with large technology stocks breaking down. Small caps also tend to have less of an international presence than their larger peers, so they don't miss out as much when converting overseas profits to dollars. The small-cap index is closely tied to economically sensitive parts of the market, which should continue to participate in this rally.

Persons: —, chartmaster, BMO Capital Markets David Keller, who's, Russell, David Keller, StockCharts.com, Keller, you've, he'd, Keller didn't Organizations: Service, Tech, Nvidia, Meta, Business, BMO Capital Markets, BMO Capital, BMO, Therapeutics, Myriad Genetics, Holdings

☆ Credit Card Rewards Are Making Us Jerks, Causing Fights Among Friends
▼ + stars: | 2024-07-25 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

He's not doing all this out of the kindness of his heart; he's doing it because he wants the credit-card rewards. In a recent poll from Ipsos, 71% of Americans surveyed said they had some sort of rewards, points, or cash-back card, and 80% of those with such a card said they valued their rewards. But maybe we love our credit-card rewards too much, to the point that it's making us act in less-than-ideal ways toward those we hold near and dear. But credit-card rewards are, indeed, making things uncomfortable. I recently booked a fight with a friend who remarked she'd gotten some $300 in travel credit from her rewards card.

Persons: Pam, she's, It's, He's, Jane, Joe, there's, Mary fuming, Matt Schulz, Taylor Swift, I'm, Jen, who's, She'd, nonpoints, Emily Thompson, Guy, they'd, Ted Rossman, —, Danielle Bayard Jackson, she'd, Thompson, I'd, Matt, " Schulz, LendingTree, they've, Emily Stewart Organizations: brunch, LendingTree, American, Business Locations: San Francisco, Ipsos, Singapore, Chicago, Alaska, Florida

☆ USWNT 3-0 Zambia takeaways: Rodman and two-goal Swanson ensure Olympics start with a win
▼ + stars: | 2024-07-25 | by ( Jeff Rueter | Steph Yang | ) www.nytimes.com time to read: +11 min

It was a well-deserved opening after the U.S. had hammered at Zambia’s goal for 15 minutes straight, including two attempts off the crossbar and a first-minute toe-poke from Lindsey Horan that went just wide. 🤯 📺 USA Network & Peacock | #ParisOlympics pic.twitter.com/Dnx2xioNTC — NBC Olympics & Paralympics (@NBCOlympics) July 25, 2024Following Trinity Rodman’s opening goal, Zambia’s defense was caught in two minds. The additional open terrain catered to the dynamic forward line of Swanson, Smith and Rodman, as the trio weaved about to find pockets to exploit. After the game, Hayes said the decision was down to mitigating risks. (Photo by John Todd, Getty Images)A more expected, but very intriguing, change came in the 65th minute with Rodman, Swanson and Horan out for Casey Krueger, Nighswonger and Emily Sonnett.

Persons: Lindsey Horan, Trinity Rodman, Mallory Swanson, Emma Hayes, Zambia’s Pauline Zulu, Hayes, Sophia Smith, Rose Lavelle, Jeff Rueter, Steph Yang, Horan, Rodman, Swanson’s, Steph Yang Mal’s, Swanson, Emma Hayes ’, MALLORY SWANSON, S. Organizations: U.S, women’s, Zambia, Germany, Olympic Games, Australia, Chicago Red Stars, Olympics Locations: Nice, The U.S, Marseille, bamboozle, Republic of Ireland

CNN —After Vice President Kamala Harris accused former President Donald Trump of “backpedaling” on a debate, the Trump campaign said Thursday it would not commit to any future debates until the Democratic Party formally chooses a nominee. “I have agreed to the previously agreed upon September 10th debate, he agreed to that previously,” Harris told reporters after landing at Joint Base Andrews Thursday. Trump told reporters earlier this week he wants to debate Harris but has not yet agreed to anything. Before Biden withdrew from the race, Harris had positioned herself to go up against Trump’s running mate, Ohio Sen. JD Vance, on the debate stage. “I was told I was going to get to debate Kamala Harris, and now President Trump’s going to get to debate her?” Vance joked.

Persons: CNN —, Kamala Harris, Donald Trump, Trump, Joe Biden’s, ” Harris, ” Steven Cheung, Harris, ”, Joe Biden, ” Trump, she’ll, Biden, Ohio Sen, JD Vance, It’s, won’t, Vance, “, Trump’s, ” Vance, ” CNN’s Kristen Holmes, Steve Contorno, Kit Maher Organizations: CNN, Democratic Party, Democratic, Sunday, Biden, Trump, ABC, Base Andrews, Republican, Republican National Convention, Fox News, Trump’s Locations: Middletown , Ohio

☆ Yen rises as carry trades unwind, risk sentiment takes a hit
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +2 min

The yen drew support from unwinding carry trades on Thursday ahead of next week's Bank of Japan (BOJ) policy meeting and as a rotation out of megacap growth stocks dampened risk appetite broadly and provided some safe haven bids. "It's also the fact that risk sentiment is deteriorating, and that's helped (the yen) as well... You've got unwind in the tech trade, you've got unwind in the carry yen trade...you've got the Nikkei, as well, unwinding." Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on the yen's recent sharp rise. The New Zealand dollar similarly fell 0.24% to $0.5915.

Persons: Tony Sycamore, It's, that's, You've, you've, Shunichi Suzuki, Masato Kanda, Sterling Organizations: week's Bank of Japan, New, Reuters, IG, Nikkei, Japanese Finance, PMI, Traders, Federal, Australian, New Zealand Locations: New Zealand, U.S, Down

☆ The Kamala Harris Vibe Shift
▼ + stars: | 2024-07-25 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

Dianne Schwartz, an 80-year-old Chicagoan who listens to political podcasts while she exercises, felt something today. “I realized today, while I was listening to my podcasts, that I spent the last few days without worrying and being depressed,” Schwartz told me. But since President Biden bowed out of his tepid re-election campaign on Sunday, and his party instantaneously coalesced behind Vice President Kamala Harris, Schwartz has found herself feeling strangely, impossibly good about politics. “I haven’t been this excited about an election,” Schwartz said, “since Kennedy.”Call it the Kamala Harris vibe shift. A presidential race that felt to many Democrats like a dispiriting slog toward an all-but-certain defeat by Trump suddenly feels lighter.

Persons: Dianne Schwartz, “, ” Schwartz, Schwartz, Donald Trump, Biden, Kamala Harris, Kennedy, ”, Trump

☆ Gold skids on profit-taking, with U.S. economic data on radar
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +1 min

Gold prices fell more than 1% on Thursday as investors booked profits ahead of U.S. economic data that could offer more cues on when the central bank will cut interest rates this year and by how much. Spot gold fell 1.2% to $2,369.20 per ounce by 0533 GMT. So, it looks like we are seeing some profit-taking and from a technical perspective, prices could move lower," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific. Traders are expecting that the Fed will deliver a long-awaited rate cut in September. If PCE data shows that inflation is slowing and the Fed can cut rates in September, then we will see a resurgence in gold prices, Wong said.

Persons: Kelvin Wong, OANDA's, Wong Organizations: Asia Pacific, Federal, Gold Locations: U.S

☆ JD Vance confronts upheaval and uncertainty in first 10 days as Trump’s running mate
▼ + stars: | 2024-07-25 | by ( Steve Contorno | Kit Maher | ) edition.cnn.com time to read: +9 min

Middletown, Ohio CNN —Minutes into his first solo event as Donald Trump’s running mate, Sen. JD Vance had already divided his hometown audience here – over donuts. The fallout has left him without a Democratic counterpart after Vice President Kamala Harris quickly emerged as her party’s presumptive nominee. Vance leaned into his biography during his appearance Monday in Middletown, where someone held up a homemade “2028 Vance for President” sign. Andy Beshear – seen as a potential Harris running mate – sought to undermine Monday. “If Joe Biden can’t run for president, he can’t serve as president,” Vance said.

Persons: Donald Trump’s, Sen, JD Vance, Vance, “, Joe Biden, Kamala Harris, Harris, Trump’s, ” Vance, minigolf, –, MAGA, Trump, Doug Burgum, ” “ He’s, ” Trump, “ He’s, White, ”, Andy Beshear –, ” Beshear, JD Vance ain’t, I’m, Biden, He’s, shrugged, I, “ Donald Trump, Usha, ” Vance clapped, didn’t, Joe Biden can’t, he’s, don’t, Mike Pence, Vance’s, Barbara Duerk, Duerk, Mary, Alayna Treene Organizations: Ohio CNN, Central Pastry Shop, Ohio Republican, Republican, Democratic, Middletown High School, GOP, Trump, Kentucky Gov, MSNBC, The New York Times, Democratic National Committee, Republican Party, Fox News, Roanoke Valley Republican Women, CNN Locations: Middletown, Ohio, North Dakota, Wisconsin, Michigan, Pennsylvania, Appalachia, Indiana, Doral , Florida, Nevada, Arizona, Virginia, Grand Rapids , Michigan, Roanoke

☆ A millennial moved from California to Utah for a lower cost of living. A few months later, she's hoping to move back.
▼ + stars: | 2024-07-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

After just under three months of living in Utah, she's already planning to move back. She settled on Salt Lake City, which in recent years has become a business and tech hub. She's already gearing up to move back to San Diego once her kid is older and she's more financially stable. She said the food was "infinitely better" in San Diego with much more variety, and San Diego had many more cultural and entertainment opportunities. She hopes to raise her salary to about $200,000, which she feels would be enough to live more comfortably in San Diego.

Persons: Kate M, she's, Kate, Utah Kate, San, I've, wouldn't, didn't, It's, She's, California Kate, — Organizations: Service, Business, San Diego, LA Locations: San Diego, Utah, California, San, Salt Lake City, Arizona, Los Angeles, Diego, South Utah, She's

☆ Small caps are finally getting their moment in the sun. Here's why managers think the rally can last
▼ + stars: | 2024-07-25 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Instead, small caps spent the first half of this year doing what they've been doing for the last decade: falling behind. The Russell 2000 Value was up 10%, while the Russell 2000 having gained 11%. A sustainable rally Small caps have underperformed for roughly the last decade, but they've typically done better historically. Meanwhile, Teton Westwood's Galluccio thinks it can last much longer: "I think small caps stand to outperform for the next three years." "The last decade was the first time in many, many years when small caps underperformed, leading the talking heads to say that quality, quality, quality is large-cap growth.

Persons: Jerome Powell, they've, Russell, Nicholas Galluccio, It's, You've, I've, Mike Rode, Rode, Galluccio Organizations: Federal, TW Smallcap Equity, Fama, Investments, Panasonic, LSEG Locations: Fama French, De Soto , Kansas

☆ India 'clearly has a problem' finding new drivers for economic growth, JPMorgan's Jahangir Aziz says
▼ + stars: | 2024-07-24 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

Tim Graham | Getty ImagesIndia "clearly has a problem" figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan's Jahangir Aziz said, following the country's union budget. "If you look at India over the last two years post the pandemic, recorded growth has been strong. But if you look at the drivers of growth, it's essentially these two: Public infrastructure and services export," Aziz, chief emerging markets economist at JPM, told CNBC's "Street Signs Asia" on Tuesday. According to estimates by the Ministry of Commerce and Industry, India's services exports will likely hit $30.3 billion in June, compared with $27.8 billion in the same month last year. According to the International Monetary Fund's latest World Economic Outlook, the country's growth is predicted to decline to 6.5% in 2025.

Persons: Tim Graham, JPMorgan's Jahangir Aziz, Aziz, CNBC's, V Anantha Nageswaran, Raghuram Rajan Organizations: Getty, Ministry of Commerce and Industry, Services, Reserve Bank, India's, International Monetary, University of Chicago Booth School, Reserve Bank of India Locations: Tardeo South Mumbai, India

☆ 9 stocks to buy as historically cheap small caps rally during a risky earnings season: Bank of America
▼ + stars: | 2024-07-24 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

US small caps hadn't been down that long since the painful stretch from mid-2007 to early 2011. While smaller stocks languished, large-cap companies dominated, due in part to enthusiasm about their exposure to artificial intelligence. Bank of AmericaThis valuation discrepancy is no secret, so Bank of America believes the market rally will broaden beyond the mega-cap leaders as investors shift toward smaller stocks. Earnings expectations for small caps have tumbled in the last several months, Hall said, noting that analysts are no longer pricing in positive profit growth. "Guidance has still generally been weaker than average for small caps."

Persons: —, Jill Carey Hall, Russell, Hall, they'll, haven't, It's, everyone's Organizations: Service, Bank of America's, Business, Bank, America, Bank of America, Federal Reserve, —

☆ Boomer Loves Retirement, Living in DC, Gets Government Benefits
▼ + stars: | 2024-07-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Cole is an example of what retirement can look like with a good savings plan and a variety of government assistance programs. Her prior government role left her with a hefty retirement benefit; she still gets healthcare. She's taken advantage of a few water aerobics classes in DC and was swimming up at a pool near Capitol Hill. "The last season," what she calls the "senior season" of life, is the best, Cole said. "I know people think they're in a good season now, but live long enough to get that Medicaid card," she said, adding: "I don't have nobody to tell me what to do.

Persons: —, Carol Cole, she's, Fred —, Cole, scot, didn't, Carol, Harris Teeter, Ross, She's, It's Organizations: Service, Fiat, Business, Produce, Kennedy Center, DC, Amtrak Locations: Washington, Charlottesville , Virginia, bam, It's, San Francisco, Chicago, Denver, Reno, Vegas

☆ Fox News proposes Trump-Harris debate on Sept. 17 after Biden pulls out of race
▼ + stars: | 2024-07-24 | by ( Hadas Gold | ) edition.cnn.com time to read: +2 min

New York CNN —Fox News has proposed a presidential debate between former President Donald Trump and Vice President Kamala Harris on September 17. It’s not clear if that debate will still take place now that Biden has dropped out of the race. Trump has also expressed displeasure at ABC and has previously posted that he wants Fox News to host the debate instead of the Disney-owned network. In a conference call with reporters on Tuesday, Trump said he “absolutely” wants to debate Harris, and “would be willing to do more than one debate, actually.”“I haven’t agreed to anything. I think debating’s important for a presidential race, I really do, you sort of have an obligation to debate.”

Persons: Donald Trump, Kamala Harris, Bret Baier, Martha MacCallum, Harris, Jay Wallace, Jessica Loker, Hillary Clinton, Bernie Sanders, Pete Buttigieg, Julian Castro, Amy Klobuchar, Kirsten Gillibrand, Trump, Joe Biden’s, It’s, Biden, Joe Biden, ” Trump, she’ll, ” Organizations: New, New York CNN — Fox News, Trump, Fox News, Democratic, CNN, ABC, Disney Locations: New York, Pennsylvania

☆ ‘Inside Out 2’ becomes highest-grossing animated movie of all time
▼ + stars: | 2024-07-24 | by ( Erika Tulfo | ) edition.cnn.com time to read: +2 min

That’s after movie sequel “Inside Out 2” became the highest-grossing animated film of all time, raking in $1.46 billion at the global box office and dethroning former record holder “Frozen 2” from 2019, according to Disney on Wednesday. “Inside Out 2” hit theaters last month and passed the $1 billion mark just 19 days after its release — the fastest ever for an animated film. It’s currently on week six of its theatrical run and has already bagged a spot as the 13th highest-grossing film of all time. The excitement surrounding the “Inside Out 2“ release comes after the film industry was met with a slow start to the summer movie season. Discovery) and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data.

Persons: ”, ’, It’s, Daniel Loria, “ It’s, ” Loria, Paul Dergarabedian, “ Barbie ”, “ Oppenheimer ”, CNN’s Eva Rothenberg Organizations: New, New York CNN, Pixar, Disney, Hollywood, Box, showtime, Comscore, Warner Bros Locations: New York, Europe, Asia, East, United States, Americas, Brazil, Mexico, Colombia, Chile, Japan

AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

Mortgage rates haven't moved much in recent days, with average 30-year mortgage rates sticking around 6.51% so far this week, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.05% this week, according to Freddie Mac data, which is a 12-basis-point decrease from the previous week. As inflation comes down and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates should fall further as well. Now that the Fed has paused hiking rates, mortgage rates have come down a bit.

Persons: Lawrence Yun, Freddie Mac Organizations: National Association of Realtors, Zillow, Federal Reserve, Fed Locations: Chevron

☆ Major players in U.S. supply chain seek new approach to shipping legislation
▼ + stars: | 2024-07-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Labor unions, maritime shipping interests and other supply chain businesses have formed a new trade group to push for more domestic infrastructure investment to safeguard the supply chain. "We are bringing the links of the supply chain together," said Josh Wood, CEO of the Supply Chain Council. "We will be championing legislation to strengthen supply chain resiliency and jobs." Wood said that before Covid, supply chain segments were most often viewed independently, and the need to focus on interconnectedness of freight segments has continued to increased with the supply chain experiencing major headwinds. One of the contentious aspects of a strong supply chain is the introduction of automation.

Persons: Johnson, Josh Wood, Wood, There's, Steven Hussain, Hussain, Josh LaFarga, LaFarga, It's, Harold J, Daggett Organizations: Labor, Chain Council, Johnson Controls, Northern Rail Company, SSA Marine, International Union of, Pacific Merchant Shipping Association, Prologis, Community Relations, CNBC, Southern, Workers, Longshoremen's Association, Gulf Ports, United States Maritime Alliance Locations: Prologis, International Union of North America, Panama, Southern California, East Coast, Gulf, United States

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