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☆ WBD sues NBA over league’s rejection of broadcast matching rights
▼ + stars: | 2024-07-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +5 min

Discovery has filed a lawsuit against the NBA after the league rejected its matching offer to broadcast the league’s games for the next decade, ending the media company’s four-decade relationship with the NBA. “Given the NBA’s unjustified rejection of our matching of a third-party offer, we have taken legal action to enforce our rights,” a WBD spokesperson said in a statement. But the league said WBD “did not match the terms” of its deal with Amazon. While WBD maintains the rights to the NCAA March Madness tournament, along with the MLB, NHL and NASCAR, the NBA remains crucial to the media conglomerate. The cable channel TNT has built a programming slate around the NBA games, most notably the highly rated “Inside the NBA” show featuring Barkley, Ernie Johnson, Kenny Smith and Shaquille O’Neal.

Persons: “, Max, ” Mike Bass, ” Adam Silver, WBD “, Warner, WBD, Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal, ”, I’m, ” Barkley Organizations: New, New York CNN, Warner Bros, Discovery, NBA, Amazon, Disney, TNT, Amazon Prime, ABC, ESPN, CNN, Netflix, NCAA, MLB, NHL, NASCAR Locations: New York, New York County, United States, WBD

☆ Asia-Pacific markets mixed after sell-off as investors assess Tokyo CPI, await U.S. inflation data
▼ + stars: | 2024-07-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were mixed on Friday after Thursday's sell-off saw some indexes in the region hit their lowest level in months. "There's a changing of the guard happening on Wall Street. In Asia, traders assessed July inflation data out of Japan's capital city of Tokyo, which is widely considered a leading indicator of nationwide trends. Tokyo's headline inflation slowed slightly to 2.2% in July from 2.3% in May, while its core inflation rate — which strips out prices of fresh food — remained unchanged at 2.2%, in line with expectations. The so called "core-core" inflation rate, which strips out prices of fresh food and energy and is watched by the Bank of Japan, fell to 1.5% from 1.8%.

Persons: Thursday's, Adam Sarhan Organizations: Nasdaq, Dow Jones, Investments, Bank of Japan, greenback Locations: Asia, Pacific, Tokyo

☆ Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations
▼ + stars: | 2024-07-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Fed officials use the PCE measure as their main baseline to gauge inflation, which continues to run above the central bank's 2% long-range target. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. Core inflation, which excludes food and energy, showed a monthly increase of 0.2% and 2.6% on the year, both also in line with expectations. Goods prices fell 0.2% on the month, while services increased 0.2%. The report also indicated that personal income rose just 0.2%, below the 0.4% estimate.

Persons: Dow Jones Organizations: Commerce Department, Federal Reserve, Fed

☆ FBI seeking to interview Trump as part of assassination attempt investigation
▼ + stars: | 2024-07-26 | by ( Evan Perez | Alayna Treene | ) edition.cnn.com time to read: +2 min

CNN —The FBI is seeking to interview former President Donald Trump in its investigation of the assassination attempt to obtain a victim statement — a standard part of the investigation because he is a crime victim, according to a US official. Trump has said he “took a bullet for democracy,” and attacked Wray on Truth Social over his testimony. The hospital called it a ‘bullet wound to the ear,’ and that is what it was. No wonder the once storied FBI has lost the confidence of America!,” Trump posted. “Anyone who believes this conspiracy bullsh*t is either mentally deficient or willfully peddling falsehoods for political reasons,” Trump adviser Steven Cheung told CNN.

Persons: Donald Trump, Christopher Wray’s, there’s, Trump, “, Wray, ” Trump, Steven Cheung, John F, Kennedy, Kimberly Cheatle Organizations: CNN, FBI, Trump, Capitol, Trump’s, Republicans

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Donald Trump to honor slain supporter and those injured during assassination attempt in Pennsylvania
▼ + stars: | 2024-07-26 | by ( Eric Bradner | Kit Maher | ) edition.cnn.com time to read: +3 min

CNN —Donald Trump said Friday he plans to return to Butler, Pennsylvania – the place where the former president survived an assassination attempt nearly two weeks ago – for a rally that will honor slain supporter Corey Comperatore and those injured in the shooting. Trump’s right ear was bloodied, and he appeared days later at the Republican National Convention in Milwaukee wearing a large white bandage over the injured ear. Trump and his allies used the Republican convention to deliver calls for unity in the wake of the assassination attempt. “What a day it will be – fight, fight, fight!” Trump said Friday in his social media post announcing the Butler rally. US Secret Service Director Kimberly Cheatle resigned this week amid scrutiny of security lapses related to the assassination attempt.

Persons: Donald Trump, Corey Comperatore, Trump, Corey, Comperatore, Butler, –, ” Trump, Christopher Wray, Kimberly Cheatle, ” Cheatle, “, ” Organizations: CNN, Republican National Convention, Secret Service, Republican, Democratic, Capitol, FBI, Trump, Secret Locations: Butler , Pennsylvania, Butler, Pittsburgh, Milwaukee

☆ Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Warner Bros. Warner Bros. Discovery matching rights when it signed its previous media deal in 2014. Discovery's matching rights agreement is five pages long, and the company believes it has a strong case, the people said. Owning NBA rights is valuable to the health of Warner Bros.

Persons: Max, Discovery's Turner, Discovery, That's, Luis Silberwasser Organizations: Warner Bros . Discovery, National Basketball Association, TNT Sports, TNT, NBA, Disney, Comcast, Warner Bros, Discovery's Turner Sports, Amazon, Amazon Prime, Discovery, Media

☆ Markets now pricing in three rate cuts before the end of the year following better inflation news
▼ + stars: | 2024-07-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Improving news on inflation again has raised investors' hopes that the Federal Reserve soon will start to aggressively lower interest rates. Futures market pricing now indicates that while the Fed will remain on hold at next week's policy meeting, it will commence cutting in September and move again in November and December. The market-implied probability for a September cut nudged up to about 90% Friday morning, according to the CME Group's FedWatch Tool that measures fed funds futures pricing. Traders in early 2024 were pricing in at least six cuts this year, but the central bank's rate-setting group has remained on hold for a year. Following the two-day meeting that concludes next Wednesday, the Fed meeting schedule is empty for August, save for the all-important annual conclave in Jackson Hole, Wyoming.

Persons: Joseph Brusuelas, —, Jerome Powell, Christopher Waller Organizations: Federal Reserve, Friday's Commerce Department, RSM, Traders, Federal Open, Fed Locations: Jackson Hole , Wyoming

☆ China says Taiwanese working in the mainland 'need not worry' after it suggested a death penalty for 'independence die-hards'
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

China said Taiwanese workers in the mainland have nothing to fear if they "don't break the law." The comment comes as Beijing sparked alarm in June by floating the death penalty for 'diehard' separatists. About 163,000 Taiwanese worked in the mainland in 2021, per a local report, and the number is declining. The comment comes as Beijing issued legal guidelines on June 21 suggesting the death penalty or prison for "Taiwan independence diehards." The declaration sparked alarm in Taiwan, where officials started restricting tours to China and warning people against traveling to the mainland.

Persons: — Organizations: Service, Taiwan, Business Locations: China, Beijing, Taiwan

☆ Warner Bros. Discovery Sues N.B.A. Over Rights Deal
▼ + stars: | 2024-07-26 | by ( Tania Ganguli | ) www.nytimes.com time to read: +1 min

Warner Bros. That left Warner Bros. Discovery, a current rights holder, set to lose the league at the end of next season. “Given the N.B.A.’s unjustified rejection of our matching of a third-party offer, we have taken legal action to enforce our rights,” Warner Bros. content.”Mike Bass, a spokesman for the league, said, “Warner Bros. Discovery’s claims are without merit, and our lawyers will address them.”

Persons: “, ” Warner, Mike Bass, “ Warner, Discovery’s, ” Organizations: Warner Bros . Discovery, National Basketball Association, Disney, Comcast, Warner Bros, ” Warner Bros, Discovery, Court, “ Warner Bros Locations: New York

☆ What can drive Apple stock from here? Much more than the iPhone maker's earnings next week
▼ + stars: | 2024-07-26 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Any commentary on initial interest in Apple Intelligence will determine where shares go next. As of Wednesday, Apple stock gained about 13% year to date — just shy of the S & P 500 's 2024 performance. The bull/bear debate on Apple depends on whether the benefits of Apple Intelligence are "priced in" at current levels. Yes, the iPhone will be the greatest, most direct way for Apple to realize financial benefits from Apple Intelligence in the near term. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware.

Persons: There's, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Apple, Big Tech, Developers, Apple Intelligence, Barclays, JPMorgan, CNBC, Apple Worldwide Developers Locations: what's, geolocation, Cupertino , California

☆ Kamala Harris: How her warp-speed campaign launch has changed the 2024 race
▼ + stars: | 2024-07-26 | by ( Eric Bradner | ) edition.cnn.com time to read: +15 min

CNN —The five days since Vice President Kamala Harris’ campaign launched at warp speed have remade the 2024 race – and given Democrats new hope of preventing a second Donald Trump presidency. Fundraising exploded, with Harris’ campaign saying she raised $126 million between Sunday afternoon and Tuesday evening. And Democrats were more eager to devote their own time to working to elect Harris: More than 100,000 people signed up to volunteer for her bid, and more than 2,000 applied for campaign jobs, Harris campaign chair Jen O’Malley Dillon said in a Wednesday memo. The strength of Harris’ launch has at times surprised even the former Biden campaign staffers who on Sunday suddenly found themselves working for what was converted into the Harris campaign. Biden’s campaign believed his path to 270 Electoral College votes ran through the “blue wall” states – Michigan, Pennsylvania and Wisconsin.

Persons: Kamala Harris ’, Donald Trump, Harris, Harris ’, Jen O’Malley Dillon, Trump, It’s, Ron Bieber, “ I’ve, ”, she’s, Joe Biden, Biden, Harris hasn’t, “, Base Andrews, O’Malley Dillon, Biden’s, ” O’Malley Dillon, Douglas Emhoff, Erin Schaff, Howard University hoodie, –, Nancy Pelosi’s, dispirited, fraudsters, cheaters, ” Harris, Donald Trump’s, Charli XCX, ‘, ’, Jared Polis, Maxwell Frost, Tony Evers, ” Evers, ” Trump, Felita Daniels Ashley, Olivia Jessup, Anger, Natalie Jauch, Charli, Jessup, Taylor Swift, Kesha, ” Jessup, Kevin Mohatt, ” CNN’s Alison Main, Betsy Klein, Ebony Davis, Sam Fossum, Edward, Isaac Dovere, Lisa Respers Organizations: CNN, Democratic Party, Trump, Michigan AFL, Democratic, Biden, Convention, ABC, Base, Republican, CNN’s, New York Times, Siena, Electoral, Air Force, Joint Base Andrews, Naval Observatory, Howard University, Federal, San, Democratic National Convention, Democratic Colorado Gov, ”, Milwaukee, Heritage Foundation, California Democrat, Zeta Phi Beta, of Education, “, American Federation of Teachers Locations: Houston, Gaza, – Michigan, Pennsylvania, Wisconsin, Sun, Arizona, Georgia, Nevada, North Carolina, Maryland, Wilmington , Delaware, San Francisco, California, British, ” Florida, Milwaukee, “, West Allis , Wisconsin, Indianapolis, America, Lisa Respers France

☆ Most luxury companies are struggling in China — except one
▼ + stars: | 2024-07-26 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

Read previewAs Chinese buyers eschewed local stores and poured into Japan this year in search of luxury bargains, one high-end powerhouse was an outlier. AdvertisementThe company's success in China comes as many of Hermès' industry peers saw China and Asia revenue sales tank from softening consumer demand. But most of Hermès' sales this year in China and Japan were largely from local customers, said Dumas. "Not very many foreigners buy Hermès in Japan, and the Chinese tend to buy in China." The luxury company reported overall sales revenue for the first half of the year of 7.5 billion euros, an increase of 12% compared to the same period in 2023.

Persons: —, Hèrmes, Hérmes, Axel Dumas, Burberry, Hermès, Dumas, Hermes Organizations: Service, Business, Hermès, Bloomberg Locations: Japan, Asia, China, Paris, Pacific, Europe, France

☆ Barack Obama finally endorses Kamala Harris
▼ + stars: | 2024-07-26 | by ( Grace Eliza Goodwin | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Barack Obama has announced that he's endorsing Kamala Harris as the 2024 Democratic nominee. Earlier this week, Michelle and I called our friend @KamalaHarris. In it, Michelle Obama said: "To my girl Kamala, I am proud of you. AdvertisementFollowing this, Barack Obama said: "Michelle and I couldn't be prouder to endorse you and do everything we can to get you through this election and into the Oval Office." One person familiar with the matter told the outlet that Obama thinks Harris has "been off to a great start" with her campaign.

Persons: Barack Obama, Kamala Harris, —, Harris, Michelle, @KamalaHarris, 0UIS0doIbA — Barack Obama, Michelle Obama, Kamala, Joe Biden, Obama, Biden's, Biden Organizations: Democratic, Service, Business, NBC, Biden Locations: United States, …

☆ Stock market today: Dow soars 654 points as traders celebrate inflation data
▼ + stars: | 2024-07-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Encouraging inflation data stoked optimism that the Federal Reserve can cut interest rates in September. That changed Friday, as encouraging inflation data injected new life into the rally. Advertisement"Next week we expect [Fed Chair Jerome] Powell to set the table for future rate cuts, speaking confidently about progress bringing inflation down. According to the CME FedWatch Tool, the market no longer expects the Federal Reserve to keep rates steady in September. The market also forecasts high chances that the Fed will slash rates by up to 75 basis points through December.

Persons: Russell, —, Jerome, Powell, David Donabedian, Chris Zaccarelli, Dexcom Organizations: Federal, Service, PCE, CIBC Private Wealth, Reserve, Independent, Alliance Locations: Here's, –

☆ ‘It just sucks’: Charles Barkley lashes out at NBA choosing Amazon over TNT
▼ + stars: | 2024-07-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

I’m not sure TNT ever had a chance.”“TNT matched the money, but the league knows Amazon and these tech companies are the only ones willing to pay for the rights when they double in the future,” Barkley added. It just sucks.”The comments came after the NBA on Wednesday rejected an offer from Warner Bros. Discovery to match Amazon’s $1.8 billion per year bid to carry the league’s games starting with the 2025-26 season. The decision set up a potential legal showdown between the NBA and WBD, the parent company of TNT and CNN, which maintains it has matching rights to any broadcast offer. “These partners will distribute our content across a wide range of platforms and help transform the fan experience over the next decade.”

Persons: Charles Barkley, Barkley, “, I’m, ”, ” Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal, WBD, Max, ” Adam Silver Organizations: New, New York CNN, NBA, TNT, Wednesday, Warner Bros, WBD, CNN, TNT Sports ’, Amazon, Disney Locations: New York, United States

☆ Value stocks are fueling the small-cap rebound, and these ETFs are outperforming
▼ + stars: | 2024-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

This month's market rotation into small caps is being led by a rebound in cheap stocks. According to FactSet, three of the top five small-cap exchange-traded funds in July are explicitly focused on value, including the iShares US Small Cap Value Factor ETF (SVAL) . That fund was up 11.4% for the month through Wednesday, compared to 7.4% for the broader iShares Russell 2000 ETF (IWM) . Investors can account for profitability by looking for stocks with lower price-to-earnings ratios, one of the metrics captured by many value funds. Screening for value stocks can sometimes miss areas of trouble in the market.

Persons: FactSet, ProShares Russell, Sean O'Hara, O'Hara, Todd Sohn, Sohn Organizations: Growers, Companies

☆ The stock market is gearing up for its rate cut era
▼ + stars: | 2024-07-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Data Thursday showed the economy expanded at a robust 2.8% annualized rate during the second quarter, blowing past economists’ expectations. While the Fed has penciled in just one rate cut for this year, traders are betting on up to three, according to the CME FedWatch Tool. While the market was broadly higher on Friday, the S&P 500 and Nasdaq on Wednesday logged their worst daily performances since 2022. Shares of smaller companies tend to perform poorly when rates are high, since they have more floating rate debt than their larger counterparts. Investors are also picking at other areas of the market poised to gain when rates come down.

Persons: —, Dow, Russell, Stephen Lee Organizations: New, New York CNN, Federal Reserve, Big Tech, Nasdaq, MRB Partners, YouTube, Logan Capital Locations: New York

☆ The tech sell-off may not be over. Here's an options trade to capitalize on the trend—with protection
▼ + stars: | 2024-07-26 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The Nasdaq-100 has seen significant profit taking as many investors have trimmed their exposure to the Mag 7. Volatility and carnage in the Nasdaq should persist causing more sellers to sell tech stocks. Here is an options strategy to profit on this additional plunge in Tech. However, the move ran out of gas into the closing bell, and the QQQ finished back in the red. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Russell, Tesla Organizations: Nasdaq, Nvidia, Meta, Dow, CNBC, NBC UNIVERSAL Locations: Tech

☆ The Obamas Called Kamala Harris. Cameras Rolled. Hokeyness Ensued.
▼ + stars: | 2024-07-26 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Kamala Harris’s dizzying rollout as a presidential candidate somehow pulled off the rare feat of looking organic and organized, fun but without cringe-inducing artifice. Somehow, the Biden-turned-Harris campaign managed to make former President Barack Obama and Michelle Obama, once America’s coolest political couple, sound like parents in a Lifetime movie calling their child at summer camp. Early Friday morning, the Harris campaign posted a video it produced that depicted a phone call from Mr. and Mrs. Obama, which had taken place on Wednesday, in which they gave Ms. Harris their much-awaited endorsement. Mr. Obama’s 5:01 a.m. post of the video on X had more than 50 million views by 2 p.m. The video begins as an offscreen aide hands Ms. Harris a phone, while she is walking backstage at an event in Indianapolis.

Persons: Kamala Harris’s, Harris, Barack Obama, Michelle Obama, Obama, Obama’s Organizations: Biden Locations: Indianapolis

☆ 10 things to watch in the stock market Friday after a tumultuous week
▼ + stars: | 2024-07-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

The data didn't sway the market odds on the Fed cutting interest rates three times this year, starting in September. The industrial conglomerate raised its full-year outlook. Two of the Club's industrial names, Honeywell and Dover , reported earnings this week with mixed fortunes for their stocks. Dexcom shares plunged more than 35% after the medical device company missed on revenue and cut its full-year outlook. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Bristol Myers, Abbott, Skechers, Lockheed Martin, L3Harris, Japan's Eisai, Eli Lilly, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Federal, Transportation, Electronics, Honeywell, Colgate, Palmolive, Abbott Laboratories, Libre, Deutsche Bank, Lockheed, EU, Novo Nordisk, Jim Cramer's Charitable, CNBC Locations: Dover

☆ 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

☆ Don’t help Russia evade sanctions, Ukraine tells Hong Kong
▼ + stars: | 2024-07-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Ukraine’s Foreign Minister Dmytro Kuleba urged Hong Kong to prevent Russia from using the Asian financial hub to bypass Western sanctions during a visit to the city on Thursday. Kuleba “called on the Hong Kong administration to take measures to prevent Russia and Russian companies from using Hong Kong to circumvent the restrictive measures imposed for Russia’s aggression against Ukraine,” according to a statement from Ukraine’s Foreign Affairs Ministry issued after the minister met with Hong Kong leader John Lee. “These restrictive measures are necessary to weaken Russia’s capacity to wage war and kill people in Ukraine,” it added. In a statement, a spokesperson for the Hong Kong government told CNN on Friday that it “implements and strictly enforces” United Nations Security Council (UNSC) sanctions. However, international companies based in Hong Kong, including Chinese banks, have generally adhered to US sanctions to avoid any risk of being frozen out of the dollar dominated global financial system.

Persons: Hong Kong CNN —, Dmytro Kuleba, “, Hong, John Lee, Hong Kong, Wang Yi, ” Kuleba, Wang Organizations: Hong Kong CNN, Hong Kong CNN — Ukraine’s, European Union, Hong, Ukraine’s Foreign Affairs, CNN, ” United Nations Security Council, UN, Assembly, UNSC, EU, Ukrainian Foreign Ministry, Kyiv, Beijing Locations: China, Hong Kong, Russia, United States, Ukraine, Russian, United Kingdom, Hong, Beijing, Moscow, Western, Guangzhou, Ukrainian

☆ Trump to hold rally in Butler, Pa., where he survived assassination attempt
▼ + stars: | 2024-07-26 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Former President Donald Trump on Friday vowed to hold another campaign rally in the same area of Pennsylvania where he survived an assassination attempt less than two weeks earlier. Trump said the forthcoming rally in Butler will honor Corey Comperatore, a firefighter who was killed in the July 13 attack, as well as others who were injured. Trump's campaign plans to hold indoor rallies in light of the assassination attempt, sources familiar with the campaign told NBC News. The U.S. Secret Service has reportedly advised Trump's campaign to stop holding outdoor rallies.

Persons: Donald Trump, Trump, Butler, Corey Comperatore, Ronny Jackson, Christopher Wray, Trump's Organizations: White House, Republican, NBC News, Secret Service Locations: Butler , Pennsylvania, U.S, Pennsylvania

☆ These stocks have strong earnings momentum heading into next week
▼ + stars: | 2024-07-26 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

CNBC Pro screened FactSet for companies in the broad-market index that are reporting quarterly results next week and could see potential upside. He also raised his target price by $10 to $230, implying shares could gain nearly 28% from Thursday's close. The analyst consensus price target on FactSet suggests shares could rise 11% over the next year, adding to the stock's 9% gain so far this year. Power management company Eaton , now regarded as an artificial intelligence-tied data center play , is also on the earnings docket next week. Other favored stocks that could see a post-earnings bump next week include Mastercard , MGM Resorts International and S & P Global .

Persons: Brian J, Pitz, Michael Rollins, Eaton, FactSet Organizations: Nasdaq, CNBC, BMO Capital, Google, Telecommunications, Mobile, Wednesday, Citi, Power, Mastercard, MGM Resorts International, P Global Locations: Thursday's

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