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In a 2019 presidential debate, Kamala Harris insisted, “I am not a protectionist Democrat.”But Ms. Harris is not a free-trade Democrat, either. And in 2020, she was one of only 10 senators to vote against the deal to replace NAFTA, the United States-Mexico-Canada Agreement. As she pursues the presidential nomination, Ms. Harris’s views on trade and economic issues are likely to become a focal point. Yet unlike former President Donald J. Trump and his running mate, JD Vance, trade has never been a major focus for Ms. Harris. As a result, her positions on trade issues are not entirely known.
Persons: Kamala Harris, , Harris, Biden, Obama, Donald J, Trump, JD Vance, William A, Harris “, Reinsch, “ there’s, Organizations: North American Free Trade, Senate, Pacific Partnership, Business, Center for Strategic, International Studies Locations: United States, Mexico, Canada
We've got you covered if you're looking for how to get tickets to Chappell Roan's 2024 tour. Chappell Roan 2024 tour scheduleIncluding 12 shows in North America, there are still 21 concert dates remaining in Chappell Roan's 2024 tour. How to buy tickets for Chappell Roan 2024 concert tourYou can purchase original tickets for Chappell Roan's 2024 tour on Ticketmaster or for her festival appearances through each festival's respective personal site. How much are Chappell Roan tickets? Vivid Seats offers comparable prices for resale tickets to Chappell Roan's 2024 tour dates.
Persons: Chappell Roan, Roan, We've, Chappell, Rogers, she'll, Chappell Roan's Organizations: Business, Princess, Austin City Limits, Midwest Princess, Chappell, Austin City Limits Music, Ticketmaster, Music, Arts Festival, Vivid Locations: Europe, North America, New York City, Columbia , Maryland, Franklin , Tennessee, Rogers , Arkansas, Bluffs , Iowa, Austin, London, Texas, Chicago, Montreal, Canada, St, Charles, San Francisco , CA, Berlin, Germany, Paris, France, Amsterdam, Netherlands, Manchester, England, Glasgow, Scotland, Dublin, Ireland, Forest Hills , New York, Columbia, Franklin, TN, San Francisco
PepsiCo says it's two-thirds of the way done with an overhaul of its supply chain. This article is part of "The Future of Supply-Chain Management," a series on companies' manufacturing and distribution strategies. With more automation, workers are doing fewer physical tasks, like driving a forklift, and far more oversight of the machines taking over those tasks. Workers at manufacturing facilities and distribution centers and the unions that represent them often bristle at automation, which can lead to layoffs. Even as it has invested in automation, PepsiCo's total workforce has swelled: It grew by 20%, to 318,000, over the five years that ended in 2023.
Persons: it's, , Gregg Roden, he'd, Roden, Athina, Campbell, Kanioura Organizations: PepsiCo, Chain Management, Service, Gatorade, Frito, Microsoft, Workers, Tyson Foods, Food, McKinsey Locations: Doritos, North America
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
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDigital Realty CEO on data centers: North America markets have been largest growth contributorsAndrew Power, Digital Realty CEO, joins 'The Exchange' to discuss how massive spending on AI gives Digital Realty a long-term boost.
Persons: Andrew Power Organizations: Digital, Digital Realty Locations: North America
Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the New York Stock Exchange's website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed until a date to be announced, according to the website. Pershing Square declined to comment further. Most of its capital is in Pershing Square Holdings, a $15 billion closed-end fund that trades in Europe. The publicly traded closed-end fund is expected to invest in 12 to 24 large-cap, investment-grade, "durable growth" companies in North America.
Persons: Bill Ackman, Pershing, Ackman, — CNBC's Leslie Picker Organizations: Pershing Square's U.S, New York Stock, Pershing, USA, Pershing Square Holdings, New York Stock Exchange Locations: Europe, North America
Lineage priced 57 million shares at $78 apiece on Wednesday, near the top of its initial $70 to $82 target range. "We started with one warehouse and we've done 116 acquisitions to turn Lineage into what it is today," co-founder and co-executive chairman Adam Forste said on CNBC's "Squawk Box" Thursday morning before shares started trading. In the last year alone, Lineage has acquired Grupo Fuentes, Burris Logistics, Kennedy Transportation and Harnes. Lineage has amassed over 480 facilities, totaling roughly 2.9 billion cubic feet of capacity across countries in North America, Europe, and the Asia-Pacific region. These locations create a global network of cold-storage facilities, reducing supply chain food waste and its environmental impact.
Persons: Adam Forste, Burris, we've, Forste, Kevin Marchetti, Morgan Stanley, Goldman Sachs, Morgan, Wells Fargo Organizations: CNBC Disruptor, Viking Holdings, Nasdaq, Grupo Fuentes, Burris Logistics, Kennedy Transportation, Bank of America, Lineage's Locations: North America, Europe, Asia, Pacific
A tough US housing market is weighing on sales of pricey home appliances. Appliance maker Whirlpool slashed guidance in its recent earnings release, citing weak housing market activity. AdvertisementThe US housing market is tough for buyers, and the slowdown in sales activity means Americans are spending a lot less on big, pricey appliances these days. In its latest earnings, Whirlpool cut its full-year outlook, adjusting annual earnings guidance to $12 a share, down from a range of $13-$15 as sales of big-ticket items slow. Whirlpool's North American major appliance sales fell 5.7% year-over-year, hurting earnings even as the segment's sales in Latin America and Asia grew by 11.3% and 19.7%, respectively.
Persons: Organizations: Whirlpool, Service, Business Locations: American, America, Asia
Cold storage leader Lineage just had the biggest IPO of 2024. Once obscure, cold storage has grown in demand in recent years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCold-storage leader Lineage just clinched the largest public offering of the year. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Bloomberg, Service, Business Locations: Michigan, North America, Europe
Traditional infrastructure might not seem as sexy as the newer AI data centers, but Bank of America believes traditional infrastructure has stronger growth prospects than AI infrastructure. The heavy focus on technology and AI has resulted in investors overlooking traditional infrastructure investment. Invest in industrials and materialsIn particular, Bank of America identified the industrials and materials sectors as the best investment opportunity within traditional infrastructure. The industrials sector trades at a relative forward PE of 0.98, and materials trades at 0.92. AdvertisementSome specific industries within those sectors are especially undervalued, such as construction materials and metals & mining.
Persons: , there's, Savita Subramanian, it's, Reshoring Organizations: Service, Big Tech, American Society of Civil Engineers, Business, Bank of, Bank of America Government, Bank of America, Bank, Invest, Industrial Locations: North America, industrials
Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes, temporary production gaps and lower market share in North America. The company, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, reported first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023. Stellantis' adjusted operating income for the first six months of 2024 came in at 8.5 billion euros, down 5.7 billion euros on the year, primarily due to decreases in North America. For its part, Stellantis posted first-half net revenues of 85 billion euros, down 14% compared to the same period a year earlier. Of the 20 new product launches planned for 2024, Stellantis said 10 had already started production in the first six months of the year.
Persons: Ram, Stellantis, Carlos Tavares, Wall Organizations: Dodge Chrysler, Auto, Dodge, Fiat, Chrysler, Peugeot, U.S, General Motors, Ford Motor, GM, Ford Locations: Miami , Florida, North America
We're making a couple of small sales and a buy Thursday — trimming two positions currently benefiting from the broadening out trade and buying another on recent weakness. SWK YTD mountain Stanley Black & Decker YTD With earnings approaching and both stocks higher since their last reports, we're trimming these stocks just in case trends have not improved. On Stanley Black & Decker, we will realize a small loss of about 4% on stock purchased in the summer of 2023. 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.
Persons: Jim Cramer's, Stanley Black, Decker, Linde, Eaton, there's, Jim Cramer, Jim Organizations: Linde, LIN, Stanley, Federal, Broadcom, CNBC Locations: Eaton, ETN, North America
Two Chinese and two Russian long-range bombers were tracked flying over international waters near Alaska and U.S. and Canadian fighter jets were sent up in response, their joint aerospace command said. The Chinese and Russian military activity Wednesday was not seen as a threat, the North American Aerospace Defense Command, known as NORAD, said. China and Russia confirmed Thursday that they had conducted a joint air patrol over the Bering Sea, which divides Russia and Alaska. Russian fighter jets and strategic bombers were joined by Chinese strategic bombers in the exercises, which lasted more than five hours, the ministry said. A photo released by the Russian Defense Ministry showed a Russian Su-30 fighter jet escorting a Chinese bomber.
Persons: Vladimir Putin, Xi Jinping, Zhang Xiaogang, Zhang Organizations: Sputnik, of, North American Aerospace Defense Command, NORAD, Russian Defense Ministry, China's Defense Ministry, North American U.S . Air Defense, Japan's Defense Ministry, Coast Guard Locations: Russian, Tiananmen, Beijing, Alaska, U.S, Canadian, China, Russia, Bering, North America, Pacific, Chukchi, Bering Strait, Japan, Korea
DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early trading Thursday – on pace for their worst decline since 2009 – after missing Wall Street's bottom-line earnings expectations due to warranty problems, a reoccurring issue with the company. Shares of General Motors and Stellantis were notably off as well after reporting their results this week. Shares of Tesla , which reported results Tuesday afternoon, were up slightly Thursday after their largest daily decline since 2020 on Wednesday. GM, down roughly 7% this week, outperformed Wall Street's expectations for the second quarter and increased its guidance for the year.
Persons: , Stellantis —, Stellantis, Carlos Tavares Organizations: New York, DETROIT, Ford, General Motors, Tesla, — Ford, GM, NYSE Locations: Detroit
Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year. Kering shares dropped as much as 9% as markets opened, trading around levels last seen in August 2017. "There was a marked deceleration in China, while trends did not improve greatly in North America and Europe," Kering added. Gucci posted the worst first-half performance of these brands, with revenue shedding 18% on a comparable basis. Kering is the latest in a series of luxury brands to log declines, with the world's largest luxury group LVMH reporting lower-than-expected sales earlier this week.
Persons: Gucci, Kering, Yves Saint Laurent, Bottega, Luca Solca, Bernstein, CNBC's, it's, Solca Organizations: Gucci, Wednesday, Japan Locations: New York City, London, Japan, China, North America, Europe
The US intercepted Russian and Chinese bombers near Alaska on Wednesday. They weren't seen as a threat, but it's the first time the countries have been seen cooperating this way. AdvertisementNorth American Aerospace Defense Command said it sent fighter jets to intercept four Russian and Chinese bombers as they passed near Alaska on Wednesday. The military planes — two Russian Tu-95s and two Chinese H-6s — did not enter US airspace but passed through Alaska's Air Defense Identification Zone, NORAD said. An unnamed US defense official told CNN that it was the first time aircraft from the two countries had been intercepted together.
Persons: Organizations: US, Service, Aerospace Defense Command, Alaska's Air, NORAD, CNN, Business Locations: Alaska, Beijing, Moscow, Russian
Some diners are eating out less often — and it's hitting Coca-Cola's sales in North America. There's been "some softness in away-from-home channels," CEO James Quincey told investors. Coca-Cola has been working with restaurants to market combo meals and boost sales, he said. CEO James Quincey told investors on Tuesday that there had been "some softness in away-from-home channels" in North America. To reel in customers, Coca-Cola has been working with restaurants to market food and drink combo meals, Quincey said.
Persons: There's, James Quincey, , Quincey Organizations: Service, Bloomberg, McDonald's, Business Locations: North America
Shares of Taiwan Semiconductor Manufacturing Company (TSMC) were rocked by geopolitical developments from the U.S. last week, even as the firm reported earnings that beat expectations. TSMC and other semiconductor shares fell last Wednesday after reports of potentially tighter restrictions surfaced. Price target hikes for TSMC Over July 18 and 19, after those developments, 22 of 42 analysts who cover TSMC's Taiwan-listed shares hiked their price targets for the stock, according to FactSet. None reduced or left the price target unchanged. Analysts gave the stock potential upside of 30.5% based on the consensus price target.
Persons: Biden, TSMC's, Donald Trump, TSMC, Needham, Morningstar, Morgan Stanley, — CNBC's Michael Bloom, Arjun Kharpal Organizations: Taiwan Semiconductor Manufacturing Company, U.S, Bloomberg, Revenue, North America, Taiwan, CNBC, U.S . Needham, Management Locations: China, North, Taiwan, U.S, TSMC
More specifically, they're taking aim at a widespread rule that requires almost every new apartment building in the US to include at least two separate stairwells. This part of local codes, they say, is an outdated safety measure that really just makes apartment units smaller, more expensive, and darker (yes, darker). City planners there sometimes call these single-stair buildings "Seattle Specials" — they simply wouldn't be possible in pretty much any other city. Almost all of Europe, as well as Asia, Mexico and South America, allows single-stair buildings of six stories or higher. Germany allows single-stair buildings to stretch to about 20 stories, while Switzerland has no such limit.
Persons: Chris Gannon, Gannon, Stephen Smith, Michael Eliason, Eliason, James F, Brian Court, We're, Sean Jursnick, Jursnick Organizations: City Council, Center for, Housel, Miller Hull Partnership, Eliason, City, Fire Protection Association Locations: Texas, Austin, Seattle, New York City, America, California, Minnesota, Washington and Oregon, North America, It's, Union, Seattle's, Hill, Denver, Europe, Asia, Mexico, South America, Germany, Switzerland, Honolulu, California , Oregon, Washington
CNN —The North American Aerospace Defense Command intercepted two Russian and two Chinese bombers flying near Alaska Wednesday in what a US defense official said was the first time the two countries have been intercepted while operating together. The US and Canada, which together comprise NORAD, intercepted the Russian TU-95 Bear and Chinese H-6 bombers. It also marks the first time H-6 bombers, which are a derivative of older Soviet bombers, have entered the Alaska ADIZ, the defense official said. The intercept was carried out by US F-16 and F-35 fighter jets, as well as Canadian CF-18 fighter jets, according to the defense official. In May, Russia flew four aircraft into Alaska’s ADIZ, which NORAD said at the time “occurs regularly.”But the presence of Chinese aircraft appears to be a new development.
Persons: Gregory Guillot, ” Guillot, Organizations: CNN, North American Aerospace Defense Command, NORAD, Canadian CF, US Northern Command, Senate Armed Services Committee Locations: Alaska, Canada, Russian, Russia, China
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
Montaque cofounded Group Black in 2021 with the goal of directing $500 million in advertising money to Black-owned media in its first 18 months. With the pledge, Group Black laid out a plan to steer money to Black media owners and acquire media companies. Bough, Group Black's chief strategy officer, was a former Mondelēz and PepsiCo marketer who presented the CNBC reality show "Cleveland Hustles." Various outlets reported that Group Black mounted bids for media companies including the Sports Illustrated publisher Arena Group, the Paramount-owned BET, Vice Media, and Vox Media. Seven former employees described Montaque as an energetic leader but said he was ultimately ineffective in executing Group Black's mission.
Persons: Travis Montaque, Weeks, Montaque, Bonin, Black, George Floyd, Breonna Taylor, Richelieu Dennis, Dennis, Ursula M, Burns, Randy Brooke, Ursula Burns, Seth Kaufman, Moët Hennessy, Gamble, Ziff Davis, offsites, Gamble —, Spokespeople, Derrick Johnson, Lionel Hahn, Todd Brown, It's, Christopher Kenna, I'm, Samantha Skey, Black's Travis Montaque, Arturo Holmes, Vivek Shah, Bough, Sheila Marmon, Media's Refinery29, Erika Goldring, Richelieu Dennis who's, Kirk McDonald, GroupM Organizations: Black, Cannes Lions, Business, Black's, SHE, Cola, Walmart, PepsiCo, CNBC, Xerox, Getty, Moët Hennessy North America, Procter, Gamble, NAACP, Urban Edge Network, Corporate America, Association of National Advertisers's Alliance, Inclusive, Multicultural, Diversity Media, Penske Media Corp, Zeta, Fox, Everyday Health, Sports, Arena Group, Paramount, BET, Vice Media, Vox Media, Galore Media, Mirror, Marmon, Media Locations: GroupM, America, Soho, Manhattan, Santa Monica, Cannes
Read previewThe Coca-Cola Company is leveraging the 2024 Paris Olympics to connect with Gen Z as it approaches 100 years of sponsoring the Games. In Paris, Coca-Cola organized six free concerts to appeal to younger audiences during the 2024 Olympic Games and Paralympic torch relays. Though the company said it considers Gen Z when creating campaigns, its Olympics marketing caters to all audiences. The Coca-Cola CompanyCola-Cola chose the athletes it's working with based on whether they share the same values as its campaign, "Celebrating Everyday Greatness." As such, Ross said an athlete doesn't have to be a gold medalist or have a huge social-media reach.
Persons: , Powerade, Brad Ross, Ross, Brooke Raboutou, Jordyn Barratt, Simone Biles, Katie Ledecky, Bianca Costa, Angela Ruggiero, Sarah Rice, Athing Mu, Alex Morgan, doesn't, Manolo Arroyo Organizations: Service, Cola Company, Games, Business, Cola, Paris Games, International Olympic Committee, North America, Olympics, Olympic Games, US Olympic, Coca, Olympic, Paralympic Games Locations: Costa Coffee, Paris, North, Lujipeka, Costa, South Africa, New Zealand, France, India, US
It’s just a decisive move toward America First on foreign policy.”Trump’s selection of Vance is one of the clearest barometers of the former president’s tightening hold over the GOP. Those included Christian conservatives, the business community, congressional insiders and traditional Republican foreign policy hawks shaped by Ronald Reagan’s vision of the US as the muscular leader of the free world. Instead, with Vance, Trump chose an acolyte and potential successor who could deepen and extend the direction the former president has set for the party. Vance has been most unequivocal in criticizing the internationalist approach to foreign policy centered on robust alliances. With the selection of Vance, Trump has broadcast his belief that he has conclusively won the internal GOP debate over all aspects of US interactions with the world – foreign policy, immigration and trade.
Persons: Ohio Sen, JD, Donald Trump’s, Republican Party’s reorientation, Vance, Trump, Trump’s, , Bill Kristol, , It’s, Mike Pence, Ronald Reagan’s, Geoffrey Kabaservice, Dwight Eisenhower, Sen, Robert Taft, Taft, Richard Nixon, Ronald Reagan, George W, Bush, John McCain, Mitt Romney –, Patrick J, Buchanan’s, George H.W, George H.W . Bush, John Bolton, Bolton, James Mattis, Mark Esper, State Rex Tillerson, Mike Pompeo, Ivo Daalder, Barack Obama, Richard Fontaine, Republican Sen, Fontaine, “ Vance, Matthias Matthijs, Vance’s, Ohio Republican unreservedly, Donald Trump, ” Vance, Steve Bannon, Joe Biden, Adam Kinzinger, He’s, he’s, Biden, ” Trump, Vladimir Putin, Volodymyr Zelensky, ” Daalder, ” Matthijs, Putin, Aaron Friedberg, Gabriel Schoenfeld, Nikki Haley, Reagan, Haley Organizations: CNN, Ohio, Republican, GOP, Trump, America, New, Niskanen Center, Republican Party, American Free Trade, NATO, , H.R, McMaster, Defense, State, Chicago Council, Global Affairs, Center, New American Security, Johns Hopkins ’ School, International, Senate, Ohio Republican, NAFTA, Fox News, Air Force, National Guard, Businessweek, Taiwan, Biden, Chicago, South Carolina Gov, Ukraine Locations: New York, mollifying, Europe, Soviet Union, China, Canada, George H.W ., Asia, Ukraine, New American, Russian, Johns, America, Pennsylvania, Michigan, Israel, Taiwan, Vietnam, Afghanistan, Iraq, Milwaukee, Moscow, , Wisconsin, Mexico ”, Kabul, Kyiv, Trump
We'll show you everything you need to know about where to watch Olympic football, including free live streaming options. Make sure to bookmark our Olympic streaming guide for info on other sports, and keep watching this space for updated match times throughout the entirety of the Olympic games. Where to watch Olympic soccer in the USPeacock is the go-to hub for all things Olympics, including soccer, in the US this summer. Check price at FuboWhere to watch Olympic football in the UKWhile select Olympic moments will be available to live stream for free on BBC iPlayer in the UK, early-stage football matches will be available through Eurosport for British viewers. Where to watch Olympic football in AustraliaIn Australia, the entirety of the Olympics will be available through 9Now, and you'll be able to watch even the early football matches here ahead of the ceremonial start of the Olympics.
Persons: Peacock, you'll, ExpressVPN Organizations: Business, Olympic, Copa America, Zealand, Tokyo, Canadian, NBC, Peacock, USA, BBC, Eurosport Locations: North America, Europe, Argentina, Canada, Brazilian, Sweden, USA, Morrocco, France, Australia
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