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☆ Global equity returns are disappearing as U.S. stock market rockets higher
▼ + stars: | 2024-11-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Global stocks have largely fallen as the U.S. has rallied, the result of a confluence of factors. The fund gauges how global stocks minus U.S. equities are performing, and it features names such as Taiwan Semiconductor , Tencent and Novo Nordisk . The broad market index was marginally higher on the day and has soared nearly 24% year to date. The dollar index has jumped more than 2% in November, and has climbed nearly 5% year to date. .DXY 3M line Dollar index The underperformance of global stocks might provide some temptation to dive in at a time when they appear undervalued.

Persons: hasn't, Donald Trump, Nick Colas, MSCI ACWI, Colas Organizations: White, DataTrek Research, ETF, Taiwan Semiconductor, Tencent, Novo Nordisk, ACWX Locations: U.S

☆ The battle over Trump's Treasury secretary is adding to the market's problems
▼ + stars: | 2024-11-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's flurry of announcements regarding Cabinet nominees has left investors with one unexpected headache: a suddenly cloudy picture of who will take the all-important position of Treasury secretary. One somewhat new name to emerge into the Treasury conversation is former Fed governor Kevin Warsh. However, the Wall Street Journal reported Sunday that Warsh also has emerged as potential Treasury contender. Yields took another leg higher on Monday amid the Treasury uncertainty. However, Fundstrat research chief Tom Lee said that once the Treasury nominee issue is settled, that should restore some market confidence.

Persons: Donald Trump's, Trump, Scott Bessent, Sen, Bill Haggerty, Howard Lutnick, Elon Musk, Powell, Stocks, Kevin Warsh, Jerome Powell, Warsh, Evercore, Tom Lee, Lee Organizations: Key Square Group, Federal Reserve, Treasury, Trump Trade, Trump, Wall Street

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. This time around, Trump's tariff proposals on Chinese imports could help Amazon in its competition against low-price online sellers Temu and Shein. Salesforce : Not a Trump stock, but it wasn't a Kamala Harris stock either. Constellation Brands : The Mexican beer importer has been punished on fears about what Trump's tariff and immigration proposals could do to its business. 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, Jim, Donald Trump's, Trump's, Abbott, Trump, Hock Tan, Tan, We'll, it's pricier, Morgan Stanley, Wells, Kamala Harris, Agentforce, That's, Biden, Dover, Eaton's, Elon, Waymo, JD Vance, we've, Linde, that's, Eli Lilly, Robert F, Kennedy Jr, Kennedy, Lilly, Mark Zuckerberg, Zuckerberg, Goldman Sachs, shouldn't, Nextracker, Brian Niccol, Niccol, Stanley Black, Decker, TJ Maxx, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Abbott Laboratories, Abbott Labs, White, Biden, AMD, Trump, Wednesday, Broadcom, VMWare, BlackRock, Costco, Coterra Energy, Coterra, DuPont, Disney, GE Healthcare, GE Aerospace, Google, Honeywell, Elliott Investment Management, Linde, Microsoft, Big Tech, Apple, Meta, Financial Times, Nvidia, Palo Alto Networks, Yum Brands, Taco Bell, Constellation Brands, Management, TJX, Marshalls, Jim Cramer's Charitable Locations: China, India, Missouri, Wells Fargo, BlackRock, Shanghai, Dover, U.S, Palo, HomeGoods

☆ Elon Musk's wealth soars past $300 billion as Tesla shares climb on the back of Trump's election win
▼ + stars: | 2024-11-09 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Elon Musk's net worth has soared past $300 billion, according to the Bloomberg Billionaires Index. It comes off the back of big stock market gains for Tesla following Trump's election win. AdvertisementElon Musk's net worth has surged past $300 billion as Tesla shares climbed following Trump's election win earlier this week. Musk's fortune stands at $314 billion as of Saturday, up a handsome $50 billion since November 5, according to the Bloomberg Billionaires Index. Musk's other ventures, such as his aerospace company SpaceX, could also benefit during Trump's second term in office.

Persons: Elon, Tesla, —, Jeff Bezos, Mark Zuckerberg, Musk, Dan Ives, Ives, Francesco Trebbi, Trump Organizations: Bloomberg, Tesla, Service, Elon, Trump, EV, SpaceX, University of California, Department of Defense Locations: China, Berkeley

☆ Don't ignore the European market, Jim Cramer says
▼ + stars: | 2024-11-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday told investors not to write off the power of European markets, pointing out economic growth across the region. But he pointed out a number of developments in the European economy, including three rate cuts from the European Central Bank. Cramer suggested there's been growth across the continent, especially in southern rim countries like Portugal, Italy and Greece. Cramer added that he was impressed by growth in European markets that tech giants Amazon and Apple reported when they posted earnings last week. "Sooner or later, Wall Street's going to wake up to the fact that Europe is back," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, there's, Donald Trump, Wall Organizations: European Central Bank, Credit Suisse, Banco Santander, Apple Locations: Europe, Portugal, Italy, Greece, Spain, China

☆ China and Europe's EV fight just stepped up a notch
▼ + stars: | 2024-11-04 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

China said it plans to sue the European Union after the bloc cracked down on its EV giants. The EU imposed sweeping tariffs on Chinese EV companies, including BYD, last week. The measures have raised fears that China might retaliate by slapping its own tariffs on European automakers. The EU voted to impose sweeping tariffs on Chinese EV companies like BYD in October. Advertisement"With this in mind, the Commission takes note of the request for WTO consultations lodged by China.

Persons: —, Xpeng Organizations: European Union, EV, Service, World Trade Organisation, EU, WTO, Business, Commission, Volkswagen, BMW, Mercedes Locations: China, European, Europe, Hungary, Turkey

☆ Cramer says reports from Wells Fargo and JPMorgan are 'good omens' for earnings season
▼ + stars: | 2024-10-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday reviewed quarterly reports from two of the biggest names in the financial sector, JPMorgan and Wells Fargo . He said he was excited by both banks' performance and suggested their success means earnings season will bring more positive news. "While these quarters were certainly good news for JP Morgan and Wells Fargo, I think they're also good omens for earnings season and the market overall," he said. Like JPMorgan, Wells Fargo beat Wall Street's expectations last week. "Rather than getting bogged down in the details, it's better to focus on the positive overall picture, which is exactly what happened on Friday.

Persons: CNBC's Jim Cramer, JP Morgan, Wells Fargo, they're, Cramer, Wells Fargo's Organizations: JPMorgan, Wells, Federal Locations: Wells Fargo

☆ Kevin O'Leary says the US needs to go 'DEFCON 19 against China' and break the country with heavy tariffs
▼ + stars: | 2024-10-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

"You squeeze them because the Chinese only understand the stick," O'Leary told Fox News on Sunday. Advertisement"Shark Tank" star Kevin O'Leary says the US needs to level the playing field against China by imposing heavy tariffs on the country. I've said it countless times, they understand the stick, they respect the stick, give them the stick," O'Leary added. And just so everybody knows why I'm so biased — they have screwed me over the last 12 years," O'Leary told Varney. But they've really taken advantage of our country," Trump told "Sunday Morning Futures" host Maria Bartiromo in February.

Persons: Kevin O'Leary, O'Leary, Donald Trump, —, Trey Gowdy, Gowdy, I've, NpVH9sFriC — Kevin O'Leary, Stuart Varney, he's, Varney, O'Leary didn't, Donald Trump's, Trump, they've, Maria Bartiromo, John Deere, Joe Biden, Biden, Kamala Harris, Harris, Harris hasn't Organizations: Fox News, Sunday, Service, China, Fox Business, Business Insider, White, Trump Locations: China, America, Mexico, Smithton , Pennsylvania

☆ OpenAI's chairman says AI is in a bubble — but one that could be wildly lucrative
▼ + stars: | 2024-10-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

The AI bubble, Taylor said, will be similar to the dot-com bubble in the late 1990s. AdvertisementThe buzz surrounding AI may echo the exuberance and excesses of the dot-com bubble in the late 1990s, OpenAI chairman Bret Taylor said in a podcast that aired on Wednesday. "I think the AI bubble will rhyme with the dot-com bubble and I believe with the benefit of hindsight, most of the excess of the dot-com bubble might have been justified," Taylor added. Most of today's leading tech companies like Amazon and Google, Taylor said, were started during the dot-com bubble. Advertisement"A huge percentage of the gains in the stock market over the past 30 years have more or less been these digital companies created in the dot-com bubble," Taylor said.

Persons: Bret Taylor, Sam Altman's, Taylor, Harry Stebbings, —, Sam Altman, Mark Twain, Stebbings, Elon Musk, Goldman Sachs, Jim Covello, hasn't, We’ve, Elon, Musk Organizations: OpenAI's, Service, Google, Business Insider, Stanford, Facebook, Elon Locations: OpenAI, Silicon Valley

☆ BlackRock's CEO says China is the biggest supporter of Russia's economy amidst the Ukraine war
▼ + stars: | 2024-10-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Larry Fink says China is the biggest, fundamental supporter of Russia's economy. AdvertisementChina is Russia's biggest war backer, BlackRock chairman and CEO Larry Fink said on Tuesday. "Russia's biggest supporter and fundamental supporter of the Russian economy is China. "We have businesses in China, I'm sure everybody here has some businesses in China," Fink said. In July, Finland's President Alexander Stubb told Bloomberg in an interview that Russia's reliance on China means the Asian giant could end the Ukraine war if it wanted to.

Persons: Larry Fink, Fink, " Fink, China's, —, there's, hasn't, William J, Burns, Alexander Stubb, Xi Jinping, Stubb Organizations: BlackRock, Service, Berlin Global, Bloomberg, Business Insider, CIA, Foreign Affairs Locations: China, Russia, Russia's, Ukraine, BlackRock

☆ Mark Cuban says he's glad he never hung out with Diddy
▼ + stars: | 2024-09-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Mark Cuban says he's "sure glad" that he wasn't close to rapper Sean "Diddy Combs." Cuban said he only worked with Combs' designers on a set of jerseys for the Dallas Mavericks. AdvertisementBillionaire investor Mark Cuban says he's relieved he kept his distance from rapper Sean "Diddy" Combs. The "Shark Tank" star added that while he had met and worked with Combs before, he didn't interact with Combs outside work. Cuban and representatives for Combs didn't immediately respond to requests for comment sent outside regular business hours.

Persons: Mark Cuban, Sean, Diddy Combs, Combs, Cuban, —, he's, Diddy, Theo Von, Combs didn't, Demi Moore, Ashton Kutcher, Evan Nierman, Banyan, Callie Ahlgrim, Jacob Shamsian, Sam Bankman Organizations: Dallas Mavericks, Service, NBA, Metropolitan Detention, MDC, Business Locations: Manhattan, Cuban, York, Florida, New York's

☆ Who was Hassan Nasrallah, the Hezbollah leader killed by Israel?
▼ + stars: | 2024-09-28 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Israel said on Saturday that Hezbollah leader Hassan Nasrallah had been killed. AdvertisementIsrael said on Saturday that Hezbollah chief Hassan Nasrallah had been killed in a targeted strike on the group's central headquarters in Beirut. AdvertisementHe took over Hezbollah in 1992 after Israel assassinated the group's previous leader and cofounder Abbas al-Musawi. Nasrallah gained widespread popularity for overseeing the Israeli withdrawal from Lebanon in 2000 and the so-called "divine victory" in the 2006 Lebanon War. The group's support from Sunni Muslims dropped due to its involvement in the fighting, per the CFR.

Persons: Israel, Hassan Nasrallah, Nasrallah, —, Abbas, Bashar al, Assad's ostracization, Hadi Organizations: Service, Foreign Relations, Israel Locations: Iran, Beirut, Hezbollah, Gaza, Palestine, Lebanon

☆ If you want to take notes like Sam Altman, these are the 2 pens the OpenAI chief swears by
▼ + stars: | 2024-09-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Sam Altman says he likes to take notes using pen and paper. Altman says he prefers to use a spiral notebook because he can rip its pages out when needed. The OpenAI chief said he uses pens from Uni-Ball and Muji to jot things down. Go to newsletter preferences Thanks for signing up! AdvertisementOpenAI CEO Sam Altman likes to take notes the old-fashioned way — using pen and paper.

Persons: Sam Altman, Altman, —, David Perell, Perell Organizations: Uni, Service, Business

☆ Turkey's 'balancing act' with BRICS may stoke NATO fears, but the West needn't be too worried, analysts say
▼ + stars: | 2024-09-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Read previewEarlier this month, a spokesperson for Turkey's ruling AK Party said that a process was "underway" for Turkey to join the BRICS group of emerging-market nations. He now appears to be seeking to maintain what experts have dubbed a "balancing act" between its relations with the West, Russia, and China. "Even if Turkey does join BRICS, I do not believe it is going to lead to a fundamental redefinition of Turkey's relationship with the West." Advertisement"Understanding and collaborating with Turkey's perspective can enhance US and NATO relations with Turkey, irrespective of potential administrative changes in Ankara," Can wrote in an article for the Wilson Center. For its part, the US has remained relatively quiet following the news that Turkey's BRICS ambitions may be inching forward, which Aydintaşbaş said was likely a savvy move aimed at avoiding a public dispute.

Persons: —, Omer Celik, Tayyip Erdoğan's, Aydintaşbaş, Erdogan, Bulent Aliriza, Yusuf, Aliriza, there's, Turkey's Organizations: Service, AK Party, Reuters, Business, United, Saudi, NATO, EU, West, Brookings Institution, Russia, China, Eurasia Program, Center for Strategic, International Studies, Middle, Wilson Center, Wilson, of Europe, France Locations: Turkey, Ankara, Turkish, Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt, United Arab Emirates, Saudi Arabia, Ukraine, United States, Europe, France, West, Russian, U.S, Washington, Kazan

☆ These 5 portfolio stocks crushed the volatile market since our August Monthly Meeting
▼ + stars: | 2024-09-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

It's been a topsy-turvy stock market since the Club's August Monthly Meeting. These were two of our top performers since the August Monthly Meeting. The stock closed nearly 5% higher on the eve of the September Monthly Meeting. The S & P 500's health care sector is up 2.2% since the August Monthly Meeting, slightly outperforming the broad index's 1.8% rise in that timeframe. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: It's, We've, Eli Lilly, Estee Lauder, Jerome Powell, it's, DA Davidson, Goldman Sachs, Goldman, Andy Jassy's, TJX, Jensen Huang, Abbott, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones Industrial, Nasdaq, Investor, Federal, Procter, Gamble, Dover, Abbott Laboratories, TJX, Amazon, Micro Devices, Jackson, Bank of America, Telsey Advisory Group, JPMorgan, Oracle, Devices, AMD, Nvidia, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: seesaw, Wednesday's, U.S

However, there are still a few avenues for how to buy Lionel Richie tickets for his 2024 Las Vegas residency. Lionel Richie 2024 tour scheduleLionel Richie is playing 13 shows at the Encore Theater at Wynn Las Vegas throughout the fall of 2024. Date City StubHub prices Vivid Seats prices Time September 18, 2024 Las Vegas, Nevada $228 $229 8 p.m. September 21, 2024 Las Vegas, Nevada $180 $256 8 p.m. September 25, 2024 Las Vegas, Nevada $205 $184 8 p.m. September 27, 2024 Las Vegas, Nevada $247 $256 8 p.m. October 9, 2024 Las Vegas, Nevada $192 $173 8 p.m. October 11, 2024 Las Vegas, Nevada $150 $153 8 p.m. October 12, 2024 Las Vegas, Nevada $189 $189 8 p.m. November 6, 2024 Las Vegas, Nevada $88 $93 8 p.m. November 8, 2024 Las Vegas, Nevada $90 $92 8 p.m. November 9, 2024 Las Vegas, Nevada $176 $175 8 p.m. November 13, 2024 Las Vegas, Nevada $167 $159 8 p.m. November 15, 2024 Las Vegas, Nevada $150 $153 8 p.m. November 16, 2024 Las Vegas, Nevada $184 $173 8 p.m. How to buy tickets for Lionel Richie 2024 concert tourYou can buy standard original tickets to Lionel Richie’s 2024 Las Vegas residency shows on Ticketmaster. VIP tickets are also available for Lionel Richie's 2024 Las Vegas concert dates.

Persons: Lionel Richie, Richie, ” “, “ Penny, Lionel Richie’s, we’ve, Lionel Richie's, Lionel Richie doesn't, he's, it's, Long Organizations: Business, Commodores, Las, Hearts Las Vegas, Wynn Las, Vegas, Ticketmaster, Richie's, Vivid, Las Vegas, showtime Locations: Las Vegas, Wynn Las Vegas, Vegas, CT, Vegas , Nevada

☆ Investors are 'dramatically overestimating' an oil glut, Carlyle's Jeff Currie says
▼ + stars: | 2024-09-10 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. China's crude oil imports in 2023 had notched a record high. China's oil demand has been declining on the back of a slump in industrial inputs, according the International Energy Agency. On the supply side, black oil production in the U.S., one of the world's top crude oil producers, has been "flat" this year, Currie said. Black oils include crude oil, fuel oil, furnace oil, asphalt and tar.

Persons: Currie, Jeff Currie, Carlyle, I've, Energean Organizations: Asia Pacific Petroleum Conference, SINGAPORE —, International Energy Agency, Reuters Locations: Stanton , Texas, Singapore, SINGAPORE, APPEC, U.S, Egypt, Italy, Croatia

☆ Water shortages are likely brewing future wars — with several flashpoints across the globe
▼ + stars: | 2024-09-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

The Stockholm International Water Institute (SIWI), a non-profit with expertise in water governance, has said that even amid a possible rise in social conflicts and violence, "water can be a bridge to peaceful negotiations rather than a trigger or weapon of war." The severity of the global water crisis has been further underlined by an alarming rise in the number of security incidents. Egypt-Ethiopia tensionsVillanova University's Galgano identified nine international river basins as flashpoints in which conflict is either already taking place or the potential for armed conflict is high. These included the Nile Basin in Africa, the Tigris-Euphrates River Basins of southwestern Asia and the Helmand and Harirud Rivers along the border of Afghanistan and Iran. Major international river basins in conflict.

Persons: Hamed, Francis Galgano, You've, you've, Galgano, Idrees Mohammed, Villanova University's Galgano, Harirud Rivers, GERD, They've, Recep Tayyip Erdogan, Hussein Faleh Organizations: Afp, Getty, Villanova University in, CNBC, Department, Environment, Villanova University, Stockholm International Water Institute, World Resources Institute, Bharatiya Janata Party, BJP, Control, Villanova Locations: Lake Urmia, Iran, Villanova University in Pennsylvania, transboundary, Stockholm, Bengaluru, Mexico's, Tehran, India, Egypt, Ethiopia, Africa, Asia, Helmand, Harirud, Afghanistan, Turkey, Syria, Iraq, Iraq's, Basra

☆ Monaco is 1 of 6 locations hosting the star-studded E1 — a race thought ‘impossible’ before it began
▼ + stars: | 2024-08-14 | by ( Marylou Costa | ) www.cnbc.com time to read: +6 min

During the Monaco race on July 28, Bernard d'Alessandri, general secretary and managing director of Yacht Club de Monaco, said E1 showcases new technology for boat racing. "Before E1, it was impossible to have a race with electric boats," he said. Acceptance of electric boating among the eliteRacebird creator Sophi Horne said getting the attention of Monaco's boating elite wasn't easy. Team owners Didier Drogba and Tom Brady speak with Alejandro Agag, co-founder and chairman of the E1 Series, ahead of the E1 race in Venice, Italy — the second of the series. The final two E1 races are scheduled to occur in Lake Como, Italy and Hong Kong.

Persons: Shiv, Bernard d'Alessandri, Akin, Racebird, Rodi Basso, Team Rafa, Rafael Nadal, Basso, Prince Albert II of Monaco, Sophi Horne, Cara Delevingne, Lloyd, Horne, they've, …, Will Smith, Marc Anthony, Tom Brady, Didier Drogba, Virat Kohli, Sergio Perez, Steve Aoki, Marcelo Claure —, Alejandro Agag, Italy —, Daniele Venturelli, Brady, Drogba, Nadal, Carlos Duarte, Racebirds Organizations: Port, Media Monaco, Monaco, Yacht Club de Monaco, Formula, Team, NFL, Getty Locations: Monaco, Saudi Arabia, Racebirds, Venice, Italy, Mallorca, Lake Como, Hong Kong

☆ Putin appointed his former bodyguard to take over Russia's military response to the Kursk invasion, local lawmaker says
▼ + stars: | 2024-08-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Kursk State Duma deputy Nikolai Ivanov told Russian broadcaster RTVI on Tuesday that Putin had met personally with Alexei Dyumin, who was made secretary of the State Council in May. Ivanov said Putin told Dyumin to supervise military operations in Kursk, with the primary goal of ousting Ukrainian forces that invaded the Russian border region last week. Dyumin, seated second from Putin's right, attended a leading of Russia's top brass about the Kursk invasion. Related storiesWhen the now-deceased head of the Wagner Group, Yevgeny Prigozhin, staged a rebellion against Putin, Dyumin was rumored to have been instrumental in orchestrating negotiations. wrote state media military correspondent Alexander Sladkov on Tuesday.

Persons: —, Vladimir Putin, Nikolai Ivanov, Putin, Alexei Dyumin, Aleksey Gennadyevich Dyumin, Ivanov, RTVI, Dyumin, Valery Gerasimov, Alexander Bortnikov, Yevgeny Prigozhin, It's, Rybar, Alexander Sladkov Organizations: Service, Duma, RTVI, State Council, Business, Ukrainian, Bloomberg, Federal Security Services, Russian Presidential, Putin, Wagner Group Locations: Kursk, Russian, Crimea, Tula, Washington, Ukraine, Kyiv

☆ Brent tops $80 per barrel as oil analyst flags ‘phase of deterioration’ in the Middle East
▼ + stars: | 2024-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Brent futures topped the $80-per-barrel-threshold on Wednesday, as Iran's claim that Hamas political leader Ismail Haniyeh was assassinated reignited tensions in the Middle East. The Ice Brent contract with September expiry were trading at $80.32 per barrel at 09:45 a.m. London time, up by 2.15% from the Tuesday close price. Oil gained ground amid exacerbated hostilities in the oil-rich Middle East region, where Israel has been fighting Iran-backed Palestinian militant group Hamas since the latter's terror attack in October. The Jewish state's decision to carry out a retaliatory campaign in the Gaza Strip has since broadened the conflict, with Israel trading fire with other Iran-supported factions, such as Lebanon's Hezbollah and Yemen's Houthi. "But now we're moving into a phase of deterioration into the Middle East that we believe is going to capture oil traders' attention and get them to return some material risk premium into the price of Brent.

Persons: Brent, Ismail Haniyeh, Ice Brent, Yemen's, Israel, Ayatollah Ali Khamenei, Clay Seigle, Emily Tan Organizations: Ice, Hamas, Revolutionary Guard, Republic News Agency, CNBC, Israeli Ministry of Foreign Affairs, Minister's Office, Rapidan Energy Group Locations: London, Israel, Iran, Gaza, Tehran, Iran's, Ukraine, Brent

☆ Why Elon Musk Is Supporting Donald Trump: to Save Tesla From Disaster
▼ + stars: | 2024-07-28 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

As market competition heated up, Tesla started cutting prices, which turned into an industrywide price war that Tesla isn't winning. It's a steep fall, considering Tesla's share of the EV market used to be as high as 80%. Critics balked, but Musk assured the Tesla community that this was the only strategy to save the company. Musk is looking for ways to buy time for Tesla — and one of those ways is to get Trump elected. Preserving Tesla's market position is imperative until he can conjure another product that people are excited to buy.

Persons: Elon Musk, Donald Trump —, Tesla, Trump, Joe Biden's, Kelley Blue, Musk, Ford, —, Critics, shouldn't, ZEV, Steve Granitz, Vaibhav Taneja, China's, Elon — Organizations: Elon, Trump, Tesla, White, EV, GM, Getty Images Trump, PAC Locations: China, USA, Shanghai

☆ After trying on dresses at J. Crew and Abercrombie, I get why the latter's having an amazing comeback right now
▼ + stars: | 2024-07-25 | by ( Chloe Caldwell | ) www.businessinsider.com time to read: +1 min

I tried on similar dresses at J. Crew and Abercrombie to see which version offered the best value. Crew dress, but the sizing was way off. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Abercrombie, — Organizations: Service, Business

☆ Japan is scrambling to explain why its naval destroyer pushed into Chinese waters where Beijing was conducting live-fire drills near Taiwan
▼ + stars: | 2024-07-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewJapan's defense ministry is investigating officers of a naval destroyer that entered Chinese territorial waters for about 20 minutes on July 4, according to local reports. Kyodo News reported on Thursday that the Maritime Self-Defense Force destroyer Suzutsuki was monitoring Chinese live-fire drills on the coast of China's Zhejiang province when it pushed into Chinese territory. Related storiesHowever, Kyodo News cited Chinese diplomatic officials saying that Beijing believes the Suzutsuki broke Chinese laws by failing to request entry. Tokyo has also often noted China's incursions into its own waters, Chong said. AdvertisementChinese naval ships have also entered Japanese waters before, including in February 2023, when a survey vessel encroached into Japan's territorial waters near Kagoshima prefecture.

Persons: —, Suzutsuki, Lin Jian, Ian Ja Chong, Chong, China's Organizations: Service, Kyodo, Self, Defense Force, Business, Kyodo News, Sankei, Reuters, Chinese Foreign Ministry, Sankei Shimbun, National University of Singapore, Kagoshima prefecture . Press Locations: China's Zhejiang, Zhejiang's, Zhejiang, China's, Taiwan, Beijing, Akita, Hachinohe, Aomori, Tokyo, China, Kagoshima prefecture

☆ Jon Stewart says Biden is becoming 'Trumpian' by insisting only God can get him to drop out of the 2024 race
▼ + stars: | 2024-07-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read preview"The Daily Show" host Jon Stewart has criticized President Joe Biden's recent posture toward calls for the leader to step aside, saying the latter's defense is turning "Trumpian." This story is available exclusively to Business Insider subscribers. Only God could tell me to get out of the race,'" Stewart continued. In recent weeks, Biden has come under scrutiny after a dismal showing in his first presidential debate of 2024 against Trump. AdvertisementRepresentatives for Biden's campaign and Stewart did not immediately respond to requests for comments sent outside regular business hours by Business Insider.

Persons: —, Jon Stewart, Joe Biden's, Stewart, Joe Biden, Donald Trump —, that's, Biden, Volodymyr Zelenskyy, Putin, Kamala Harris, Trump, George Stephanopoulos, Biden's, George Clooney, Barack Obama, Nancy Pelosi, Chuck Schumer Organizations: Service, Business, NATO, Biden, Trump, Democratic, Democratic House, Democrats, ABC News, Hollywood, The New York Times

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