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☆ Japan's Nikkei tumbles more than 2% as Asia-Pacific markets fall, tracking Wall Street sell-off
▼ + stars: | 2024-07-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets saw a sell off on Thursday, tracking losses on Wall Street as the S&P 500 and Nasdaq Composite saw their worst days since 2022. The broad market index lost 2.31%, closing at 5,427.13, while the tech-heavy Nasdaq slid 3.64% to end at 17,342.41. Meanwhile, Tesla shares declined 12.3% — their worst day since 2020 — on weaker-than-expected results and a 7% year-over-year drop in auto revenue. Over in Asia, investors will assess South Korea's advance second-quarter GDP numbers, which came in slightly below expectations. South Korea's GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.

Persons: — Organizations: Nasdaq, Dow Jones, Tech, Nvidia, Meta, Reuters Locations: Seoul . Asia, Pacific, Asia

☆ Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
▼ + stars: | 2024-07-25 | by ( Ellie Stevens | ) www.cnbc.com time to read: +1 min

It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut. Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission. CEO Jan Van Eck expects spot ether ETFs will help investors diversify, but he sees a different energy level for spot ether ETFs. "I don't think they're going to be the same, same kind of hit [as spot bitcoin ETFs]" Van Eck said. Long-term, Morningstar's Ben Johnson considers the volumes for spot ether ETFs as normal because they're roughly proportional to the relative market cap of ether versus bitcoin .

Persons: Franklin Templeton, —, David Mann, CNBC's, Jan Van Eck, Van Eck, Morningstar's Ben Johnson Organizations: Securities, Exchange, Franklin Ethereum Locations: cryptocurrencies

☆ General Motors is set to report earnings before the bell
▼ + stars: | 2024-07-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. DETROIT — General Motors is set to report second-quarter results before the bell Tuesday. Here is what analysts expect, according to average estimates compiled by LSEG:Earnings per share: $2.75 adjusted$2.75 adjusted Revenue: $45.46 billionThose results would mark a 1.6% increase in revenue compared to a year earlier and a 44.2% increase in adjusted earnings per share. GM's second-quarter results last year included $44.75 billion in revenue, net income attributable to stockholders of $2.57 billion and adjusted earnings before interest and taxes of $3.23 billion. GM's 2024 guidance includes adjusted earnings of $12.5 billion to $14.5 billion, or $9 to $10 a share, and adjusted automotive free cash flow in a range of $8.5 billion to $10.5 billion.

Organizations: GMC, General Motors, DETROIT —, Street, GM, Detroit, America's Locations: Austin , Texas, DETROIT, China

☆ VanEck CEO on the launch of Ethereum ETFs
▼ + stars: | 2024-07-23 | 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 EmailVanEck CEO on the launch of Ethereum ETFsJan van Eck, CEO of VanEck, joins CNBC’s Bob Pisani on ‘ETF Edge’ to discuss the launch of VanEck Ethereum ETF, how the ETF has launched with no fees, and what having the second largest cryptocurrency in ETF products could mean for investors.

Persons: Jan van Eck, Bob Pisani

☆ A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
▼ + stars: | 2024-07-23 | by ( Hugh Son | ) www.cnbc.com time to read: +7 min

Real estate, with its large transaction sizes and frequent use of wire transfers, has proven to be an especially lucrative target for criminals. In early July, Robillard told CNBC she had no idea whether she would ever see her money again. Courtesy: Rana RobillardRobillard says she decided to publicize her story to boost awareness of real estate wire fraud, besides being a last-ditch attempt at getting her money back. "This is not what I thought my public representation would look like, which is that I've lost all this money," Robillard said. While Martinez, California-based Compass Mortgage denies being hacked, it acknowledged that the email with wire directions wasn't from them, according to Robillard.

Persons: Rana Robillard, she'd, Robillard, HackerOne, Fraudsters, Naftali Harris, Harris, Charles Schwab, she's, —, Robillard Robillard, I've, it's, should've, Kristy Aichinger, Aichinger, Kent Donahue, Donahue didn't Organizations: JPMorgan Chase, CNBC, Citigroup, Ally Bank, San, FBI, JPMorgan, Federal Trade Commission, Consumer Financial, Bureau, Chase, FTC, OS National, Opendoor, Robillard, Compass Mortgage Advisors, Mortgage Locations: Oakland, Orinda ,, California, Orinda, San Francisco, Real, Martinez

☆ Ex-Military Police Officer Sentenced to Prison for Role in Capitol Riot
▼ + stars: | 2024-07-23 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

A former Army National Guard police officer was sentenced to two and a half years in prison on Tuesday after admitting that he pepper-sprayed law enforcement officers, while a mob of former President Donald J. Trump’s supporters stormed the U.S. Capitol on Jan. 6, 2021. He surrendered two days later, and in April he pleaded guilty to assaulting, resisting or impeding officers during the Capitol riot, federal prosecutors said. Judge James E. Boasberg of Federal District Court in Washington, D.C., also sentenced Mr. Yetman to 18 months of supervised release and ordered him to pay $2,000 in restitution. Prosecutors had sought a 45-month prison term; Mr. Yetman’s lawyer, Nicholas D. Smith, had asked for 17 months. Mr. Smith declined to comment on the sentence.

Persons: Donald J, Trump’s, Gregory C, James E, Yetman, Prosecutors, Yetman’s, Nicholas D, Smith Organizations: Army National Guard, U.S, Capitol, Guard, Court, Washington , D.C Locations: Helmetta, N.J, New Jersey, Federal, Washington ,

☆ We're raising our price target on Danaher stock as it sheds a major overhang
▼ + stars: | 2024-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

That improvement in the bioprocessing end market is super important because it has been a huge overhang for Danaher shares, and the life sciences space in general. We were concerned about the bioprocessing market after rival Sartorius cut its guidance last week. The management team has effectively navigated the bioprocessing slowdown better than others and kept expectations managed — a big reason we've stuck by the stock during a difficult few quarters. Based on these strong results and the improving bioprocessing market, we are raising our price target to $295 from $280 and reiterating our 1 rating. All three operating segments are expected to post sales decline rates in the low single digits.

Persons: Sartorius, Rainer Blair, Danaher, Blair, Beckman Coulter, Jim Cramer's, Jim Cramer, Jim, Igor Golovnov Organizations: Club, Revenue, LSEG, Management, Diagnostics, Leica, Beckman Coulter Diagnostics, Cepheid, CNBC, Getty Locations: bioprocessing, Danaher, U.S, Europe, China, Bioprocessing

☆ AI startup Cohere cuts staff after $500 million funding round
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia , cut about 20 roles on Tuesday, CNBC confirmed. Despite the cuts, Cohere is hiring in areas such as customer operations, partnerships, revenue, sales, product design and modeling, according to its website. In June 2023, Cohere raised $270 million at a $2.2 billion valuation, with Salesforce and Oracle participating in the funding round. Many customers include businesses in banking, financial services and insurance, Kon told CNBC in the past. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman.

Persons: Aidan Gomez, OpenAI, Cohere, Fortune, It's, Anthropic, Claude chatbot, Martin Kon, Kon, Sam Altman Organizations: Cohere Inc, Economic, Cohere, Google, Nvidia, CNBC, AMD, Oracle, Salesforce, Company, White, Enterprise Locations: Davos, Switzerland, Cohere, Cohere's

☆ Trump Tries to Flip the Script on Democracy After Biden’s Withdrawal
▼ + stars: | 2024-07-23 | by ( Nick Corasaniti | Jim Rutenberg | ) www.nytimes.com time to read: +1 min

Ever since rioters stormed the Capitol on Jan. 6, 2021, the Democratic Party has sought to claim the mantle of democracy, painting Donald J. Trump and his allies as extremists willing to deny the will of voters to cling to power. Now, after President Biden dropped his re-election bid and Democrats swiftly aligned behind Vice President Kamala Harris as a replacement, Republicans are trying to flip the argument. In a series of statements and social media posts, Republicans have argued that Democrats, by pressuring Mr. Biden to quit, have “disenfranchised” the 14 million people who voted for him in the party primaries. Instead, it is the Republicans’ latest attempt to muddy the waters on an issue that helped Democrats win key races two years ago. Since Mr. Trump’s attempt to overturn his defeat in 2020, which led to the Jan. 6 riot and criminal charges against the former president, Democrats have cast Republicans as a threat to democratic norms.

Persons: Donald J, Trump, Biden, Kamala Harris, Mr, Republicans ’, Trump’s Organizations: Capitol, Democratic Party, Republicans

☆ OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC. Madry will still work on core AI safety work in his new role, OpenAI told CNBC. The decision to reassign Madry came less than a week before a group of Democratic senators sent a letter to OpenAI CEO Sam Altman concerning "questions about how OpenAI is addressing emerging safety concerns." Leike wrote in a post on X that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Aleksander Madry, Madry, reassign Madry, it's, Lina Khan, they've, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman, Altman Organizations: Microsoft, CNBC, MIT's Center, MIT, Democratic, Google, Meta, FTC, Department of Justice, Nvidia Locations: Redmond , Washington

☆ With Biden's backing, Kamala Harris leads the pack in bid to replace him on the ticket
▼ + stars: | 2024-07-21 | by ( Dareh Gregorian | Yamiche Alcindor | ) www.cnbc.com time to read: +5 min

Vice President Kamala Harris received President Joe Biden's backing to take his place as the Democratic presidential nominee Sunday, an endorsement he made after announcing he is abandoning his re-election bid. Biden's decision to bow out breaks open the nominating process — meaning Harris or any other Democrat could seek the party's nomination. The Democratic National Convention is scheduled to begin August 19 in Chicago and with Biden's backing, Harris became the instant favorite. Harris, the first female vice president, would become the first Black woman and first person of South Asian descent to become a major party nominee. "We are ready to lock in and support Vice President Harris in her new role," Gavito said.

Persons: Joe Biden, Kamala Harris, Joe Biden's, Harris, Biden, Donald Trump, —, Tory Gavito, Gavito, She's, Trump, JD Vance Organizations: U.S, Las Vegas Aces, White, Democratic, Convention, U.S . Senate, American, Biden, Black, NBC News Locations: Washington , U.S, Chicago, Jamaican, Oakland , California, San Francisco, California, Jan, Oakland

☆ ‘Braveheart,’ ‘Grandpa,’ ‘Trumpster’: MAGA in 7 Keywords
▼ + stars: | 2024-07-20 | by ( A.O. Scott | ) www.nytimes.com time to read: +2 min

The Republican convention, which provided a portfolio of memorable (or at least memeable) images, was borne on a typhoon of words. But politics doesn’t speak only the language of policy and platitude. AgainWhen the MAGA movement was born during the 2016 campaign, it was possible to wonder about the specific meaning of the last word. When had America been great, or not been great or stopped being great? On the last night, the original formula was tweaked to “Make America Great Once Again,” which doesn’t yield an easily pronounceable acronym (MAGOA?)

Persons: ”, ” “, —, Trump, MAGA, Donald Trump Organizations: Republican Locations: American, Milwaukee

☆ Flight Delays and Cancellations Continue Saturday but in Lower Numbers
▼ + stars: | 2024-07-20 | by ( Niraj Chokshi | Emily Flitter | ) www.nytimes.com time to read: +1 min

Airlines made progress toward containing the fallout from a tech outage that disrupted global travel on Friday, though some flight delays and cancellations extended into Saturday. In all, about 3,400 flights to, from and within the United States were canceled on Friday, according to FlightAware, a company that tracks flight information. That made it the worst day of the year for flight cancellations, beating Jan. 15 when airlines besieged by bad winter storms canceled nearly 3,200 flights in the United States. Delays and cancellations on Saturday appeared on track to be much lower than on Friday. Most of the flight cancellations on Saturday were concentrated in the morning and early afternoon, Delta said.

Persons: Jan, Delta Organizations: Airlines, Delta Air Lines, United Airlines, “ Delta Locations: United States, “

☆ CNBC Daily Open: Dow drops, Netflix beats estimates, Nvidia rebounds
▼ + stars: | 2024-07-19 | by ( Abid Ali | ) www.cnbc.com time to read: 1 min

In this article AMZNFNVDANFLXUS10YAAPLGOOGL.IXIC.DJI Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange during morning trading on Jan. 31, 2024 in New York City. Michael M. Santiago | Getty ImagesThis 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. What you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line

Persons: Michael M Organizations: New York Stock Exchange, Santiago, CNBC Locations: New York City

☆ Cheng Pei Pei, ‘Crouching Tiger, Hidden Dragon’ Star, Dies at 78
▼ + stars: | 2024-07-19 | by ( Qasim Nauman | ) www.nytimes.com time to read: +1 min

Cheng Pei Pei, a trailblazer for women in Asian martial arts cinema and a star of the 2000 blockbuster “Crouching Tiger, Hidden Dragon,” died on July 17 in the San Francisco Bay Area. Ms. Cheng was born on Jan. 6, 1946, in Shanghai. Trained in ballet and traditional Chinese dance, she began her acting career in Hong Kong in 1964 and became one of the stars of the wuxia genre of martial arts films. Her breakout role was in the mid-’60s kung fu classic “Come Drink With Me.”“Our mom Cheng Pei Pei wanted to be remembered for who she was: the legendary ‘Queen of Martial Arts,’” her family said in a statement. “She loved being an actress and knew, even with her hard work, how fortunate she was to have the career she had.”

Persons: Cheng Pei Pei, ”, Cheng, ’, “ Organizations: trailblazer, Echelon Talent Management, Martial Arts Locations: San Francisco Bay, Shanghai, Hong Kong

☆ Microsoft says it restored cloud services after global outage
▼ + stars: | 2024-07-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Microsoft's cloud services have been restored after suffering an outage, the company said on Friday. The U.S. tech giant said late on Thursday that customers in the Central U.S. region may experience issues with multiple Azure services and its Microsoft 365 suite of apps. Reuters on Friday reported that the Microsoft cloud outage led to some airlines grounding flights. U.S.-based Frontier Airlines said on Friday that its systems were impacted by the Microsoft outage. In January, Microsoft cloud suffered an outage globally that impacted services from Outlook to Teams.

Organizations: Microsoft Times, Microsoft, Reuters, Frontier Airlines Locations: New York City, U.S, Central U.S

☆ The Trump trade: how a red wave could impact stocks, bonds, and commodities
▼ + stars: | 2024-07-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Read previewAs we near the November elections, investors are increasingly focused on what a Donald Trump win would mean for global markets and economies. The charts below show how stock sectors moved in the 24 hours after the debate and how a Trump administration might impact sectors with varying regulatory burdens. If Trump wins, investors will need to cut through the noise and at least understand how he might impact different parts of the economy. Where monetary policy is concerned, leading economist Christophe Barraud believes a Trump administration could pressure the Federal Reserve to be very accommodative on rates, in other words, steeper or sooner cuts. It expects a Trump Administration to allow LNG export permits after the Biden Administration attempted to halt them.

Persons: —, Donald Trump, Goldman Sachs, Joe Biden, Trump, Solita, Samantha Lamas, Goldman, Goldman's Jan Hatzius, Christophe Barraud, Bloomberg Businessweek Trump, Morgan Stanely, Morgan Stanley Organizations: Service, Trump, Business, Trump Media, Technology, UBS, Americas Global Wealth Management, Morningstar, Federal Reserve, Bloomberg Businessweek, Korea, Asia Pacific's, Republican, Trump Administration, Biden Locations: Predictit, Mexico, Canada, China, Japan, Germany, Asia, Goldman Sachs, Washington

Three Israeli hostages were rescued from his family’s building on June 8. “Hamas only trusts Hamas when it comes to those very sensitive issues such as Israeli hostages,” he said. The Israeli Prime Minister’s Office told CNN she was held by the Abu Nar family but did not provide further details. Three relatives of Abu Nar also posted on social media announcing he had been killed by Israeli forces that day. Many locals questioned why so many Palestinians had to die for the Israeli forces to rescue just four hostages.

Persons: Gaza’s, Almog Meir Jan, Andrey Kozlov, Shlomi Ziv, Noa Argamani, Abu, Ahmed Aljamal, “, Abu Muhammad El Tahrawi, Aljamal, Dr Fadel Naim, Abdelrahman El Tahrawi, ” Dr, Aljamal’s, Abdallah, ”, Gilad Shalit, ” Abdallah Aljamal, Abdallah Aljamal, Mkhaimar Abusada, Ashraf Amra, Benny Gantz, Hussein Ibish, Israel “, ” Andrey Kozlov, ‘, Kozlov, Aviram Meir, Israel’s, Nuseirat, Zainab Aljamal, Abdallah’s, Fatima, Ahmed, Zainab, Thomas Bordeaux, Zainab, –, Argamani, Mohamed Ahmad Abu Nar, Abu Nar, Bilal Mazhar, ” Mazhar, Khalil Al, ” Noa Argamani, Yakov Argamani, Kahlot, CNN he’d, Mohamed Ahmed Organizations: CNN, Nova, Palestine, Neighbors, Gaza’s Ministry of Labor, Facebook, Qassam Brigades, Hamas, Palestinian Center, Policy, Survey Research, Science, Al, Azhar University, Civil, Getty, Gulf States Institute, Palestine Chronicle, Israel Defense Forces, Minister’s, Israeli Army, Reuters Locations: Gaza, Nuseirat, Israel, Cairo, Anadolu, Israeli, Washington

☆ Republicans Have Muffled Trump’s Election Lies at the R.N.C. Here’s Why.
▼ + stars: | 2024-07-18 | by ( Alexandra Berzon | Nick Corasaniti | ) www.nytimes.com time to read: +1 min

There have been no celebrations of Jan. 6 rioters and no talk of election “mules” smuggling ballots. There, in so-called media row, the hive of right-wing activists galvanized by former President Donald J. Trump’s lies about the 2020 election was buzzing. Mike Lindell, the pillow company founder who is one of the most prominent promoters of conspiracy theories about election fraud, gave interviews about rigged voting machines. Rudolph W. Giuliani, Mr. Trump’s leading lawyer in the effort to subvert the 2020 election, held court nearby. And, with polls showing a widening lead for Mr. Trump, some in the denial movement are signaling how they might legitimize a victory in a system they’ve decried for years.

Persons: “, ”, Donald J, Trump’s, Mike Lindell, Rudolph W, Giuliani, Biden’s, Trump Organizations: Republican National Convention, Trump, Republicans, Republican, Mr

☆ Jamie Raskin, a Key Democrat, Urged Biden to Reconsider Campaign
▼ + stars: | 2024-07-18 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Representative Jamie Raskin of Maryland, a key member of the House committee that investigated the attack on the Capitol on Jan. 6, 2021, sent President Biden a four-page letter this month that compared the 81-year-old commander in chief to a tiring baseball pitcher and urged him to consult with fellow Democrats about whether to continue his campaign. Mr. Raskin opened his letter, which was dated July 6 and was obtained by The New York Times, by writing that he shared Mr. Biden’s “mad love for American democracy and freedom.”The letter, the authenticity of which Mr. Raskin confirmed on Thursday, begins with nearly three pages of lavish praise for Mr. Biden. Mr. Raskin writes that he wishes to “remind you of your true greatness as a leader” and spends several paragraphs recounting Mr. Biden’s legislative achievements and defense of democracy. But the crux of the letter is a four-paragraph metaphor comparing the president to the Boston Red Sox pitcher Pedro Martínez, a Hall of Famer who was left on the mound for the eighth inning of Game Seven of the 2003 American League Championship Series despite being tired. Mr. Martínez allowed three runs, tying the game before the Yankees won with a walk-off home run in the 11th inning that denied the Red Sox a trip to the World Series, which they had not won in 85 years.

Persons: Jamie Raskin, Biden, Raskin, Biden’s, Mr, ”, Pedro Martínez, Martínez Organizations: Maryland, Capitol, The New York Times, Boston Red Sox, Famer, Yankees, Red Sox

☆ SEC sues Trump Media SPAC ex-CEO Patrick Orlando for alleged fraud
▼ + stars: | 2024-07-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

The US Securities and Exchange Commission (SEC) headquarters in Washington, DC, US, on Wednesday, Jan. 10, 2024. The U.S. Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media , accusing him of lying about his firm's plans to combine with Donald Trump's social media startup. "He had personally engaged in numerous lengthy discussions" with Trump Media's representatives, and he had targeted the company "for months," the SEC alleged. Orlando and Trump Media did not immediately respond to CNBC's requests for comment. Trump Media and Digital World completed their lengthy public merger in March, allowing the company behind the Truth Social platform to trade on the Nasdaq under the stock ticker DJT.

Persons: Donald Trump's, Patrick Orlando, Orlando Organizations: US Securities and Exchange Commission, SEC, U.S . Securities, Exchange Commission, Trump Media, Washington , D.C, Trump Media's, Orlando, Nasdaq Locations: Washington , DC, Washington ,

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ Here's why Abbott Labs stock is getting dinged after a strong earnings beat
▼ + stars: | 2024-07-18 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The FreeStyle Libre itself, which had 20% organic growth in the quarter, also still has plenty of runway for further growth. Investors should focus instead on the upward revision to management's full-year outlook for both top-line organic growth and earnings. The combination of Thursday's strong results and immediate decline in share price is setting up a positive risk vs. reward setup. Within Diagnostics, a small miss in molecular was more than offset by strong results in core laboratory, point of care and rapid diagnostics.

Persons: Abbott, Edwards, Robert Ford, It's, Jim Cramer's, ABT, Jim Cramer, Jim, Robert B, Ford, Ethan Miller Organizations: Abbott Labs, Abbott Laboratories, NEC, Rio, Libre, Management, Diagnostics, Devices, CNBC, Getty Locations: Missouri, Rio —, United States, U.S, Vegas, Las Vegas , Nevada

☆ The first ‘Twister’ gave rise to a generation of storm chasers. Here’s what they hope to see in the sequel
▼ + stars: | 2024-07-18 | by ( Dan Heching | ) edition.cnn.com time to read: +7 min

Warner Bros./Everett CollectionSafety and science matterFor starters, experts hope safety will be emphasized amid all the gasp-inducing (and very windy) set-pieces. “This could potentially create more dangerous conditions in the climate of storm chasing,” she said of the new movie. Smith also hopes the movie gets people excited not only about the storms themselves, but the research and science behind them. There is a new opportunity for future meteorologists to bud, but not just meteorologists and not just kids,” she said. It is presented by Warner Bros., which like CNN is a part of Warner Bros.

Persons: ” Jan de Bont’s, Elizabeth Smith, “, ”, ’ ” Smith, Jo, Bill, Helen Hunt, Bill Paxton, Dr, Harold E, Brooks, Brooks –, –, Brandon Miller, ” Miller, Smith, Jo Harding, ” Smith, ‘ Jo ’, Laura Dern, Lee Isaac Chung, Daisy Edgar, Jones, Glenn Powell, Rebecca Kopelman, it’s, Kopelman Organizations: CNN, University of Oklahoma’s, Meteorology, Warner Bros, Everett, Iowa’s, Warner Bros . Locations: Finland, “

☆ Ron Insana sees political risk rising for investors as the presidential election heats up
▼ + stars: | 2024-07-18 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

The selloff in the Nasdaq on Wednesday, more specifically in semiconductor stocks, has added a relatively new wrinkle to what has been an unexpectedly exceptional year for stocks: political risk. And by that I do not mean the outcome of the 2024 presidential election , per se, but the risk of trial balloons being floated for the next several months leading up to the election. Two news items on Wednesday rocked the chip stocks as the Biden administration is reportedly considering much tighter constraints on chip sales to China . Competing proposals We've already heard of some of the potential policy prescriptions that either a Biden or Trump administration might pursue beginning in 2025. Some may never see the light of day depending, not only on the outcome of the presidential election, but also on the composition of the next Congress.

Persons: Biden, Donald Trump, Trump Organizations: Nasdaq, U.S, Biden, Federal Locations: China, Taiwan, Trump, U.S

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