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☆ Live Election Updates: R.N.C. to Spotlight Trump’s Hard-Line Vision on Immigration
▼ + stars: | 2024-07-16 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +8 min

A majority of its members have deep ties to Mr. Biden and were vetted for their loyalty to him, making it unlikely that his nomination will face significant dissent. Mr. Biden, during an interview with NBC News that aired on Monday, reiterated that he was not leaving the race. “Look, 14 million people voted for me to be the nominee in the Democratic Party, OK?” he said. changed its process to nominate Mr. Biden to accommodate an Aug. 7 deadline to place him on the ballot in Ohio. In recent days, Mr. Biden has held several meetings with Democrats in the House that have ended with mixed reviews.

Persons: Biden, Tim Walz, Leah Daughtry, Biden’s, Wes Moore, . Walz, Eric Lee, Mr, “, Walz, “ Governor Walz, ” Teddy Tschann, ’, Jared Huffman, Huffman, ”, MAGA, ” Jaime Harrison, ” Mr, Jamie Kelter Davis, Trump, Aaron Regunberg, —, ” Daniella Ballou, Ms, Ballou, Aares, Kenneth P, Vogel Organizations: Democratic National Committee, Democratic National Convention, House Democrats, Gov, Democratic, Credit, New York, NBC News, Democratic Party, Democratic Party committees, Democratic Governors Association, “, Democrats, New York Times, Lawmakers, Biden, Ohio Republicans, MAGA Republicans, Republican, The New York Times, White Locations: Minnesota, Maryland, California, Ohio, Madison, Wis, Credit

☆ A Judge’s Dismissal of the Trump Classified Documents Case Is Deeply Dangerous - The New York Times
▼ + stars: | 2024-07-15 | by ( Neal K. Katyal | ) www.nytimes.com time to read: +1 min

Judge Aileen Cannon’s decision to throw out serious national-security criminal charges in the classified documents case against Donald Trump is legally unsupported, ignores decades of precedent and is deeply dangerous. Her decision is quite unlikely to survive the tests of time, or even the appeal Mr. Smith’s office said he intends to make. But it will further delay a case that has moved so slowly under her direction that it was already virtually certain it would never go to a jury before Election Day. Judge Cannon asserts that no law of Congress authorizes the special counsel. The special counsel regulations were drafted under specific congressional laws authorizing them.

Persons: Aileen Cannon’s, Donald Trump, Jack Smith, “, Judge Cannon Organizations: United Locations: United States

☆ A nation traumatized and a campaign transformed as Trump is set to reemerge
▼ + stars: | 2024-07-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

The uproar over the Trump assassination attempt may pause the intraparty rebellion against Biden for now, especially as he assumes his role as the leader of a nation in sudden crisis. In a nation that was already deeply divided, the core vote for both Trump and Biden was probably locked in. There can be no justification for an assassination attempt on a candidate — an assault on democracy. Many Republican politicians issued calls for calm and an easing of political rhetoric after the shooting — as did Democrats. And Johnson accompanied his calls for calm by implying that Democrats — in advancing their arguments against Trump — had somehow abetted the assassination attempt.

Persons: Donald Trump, MAGA, Joe Biden, “, ” Biden, Corey Comperatore, Mike Johnson, we’ve, ”, ” Trump, Salena Zito, Trump, Biden, Ronald Reagan, —, he’s, Doug Burgum, Florida Sen, Marco Rubio, Ohio Sen, J.D, Vance, he’d, Barack Obama, Paul Pelosi, Nancy Pelosi, Trump’s, Johnson, Trump —, Abraham Lincoln, CNN’s Anderson Cooper, ’ it’s, Gretchen Whitmer Organizations: CNN, Republican, Convention, Trump, RNC, Washington Examiner, White, GOP, Service, The New York, Milwaukee Bucks, North Dakota Gov, Ohio, Truth, Capitol, —, Louisiana Republican, Republican National Convention Locations: American, America, Atlanta, Washington, Butler , Pennsylvania, Wisconsin, Florida, New York, Louisiana, Michigan

☆ I'm having a baby at 40, the same age my grandmother was when I was born. It was a very intentional choice.
▼ + stars: | 2024-07-15 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

I'll be the same age when my baby arrives as my grandmother was when I was born. Having a baby during COVID lockdown was traumaticI was very confident in our decision to delay having a baby. We had been through so much together, but nothing could have prepared us for having a baby. I'm building my own happinessAfter that, it took us years to feel ready for another baby. Getting the new house ready is difficult, because you're designing for something you haven't experienced.

Persons: Jasmine Roth, Hazel, I've, I'm, it's Organizations: Service, Business Locations: Huntington Beach , California, Park City , Utah

☆ Elon Musk says Tesla needs 'extra time' to redesign the front of its Robotaxi before the big reveal
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk has seemingly confirmed Tesla's Robotaxi event has been delayed and revealed one reason the company needs more time before the big reveal. AdvertisementThe apparent reveal event delay isn't a complete shock — Musk often underestimates how long it will take to bring the ideas he has to market, saying he tends to be optimistic about product timelines. Not much is known about Tesla's Robotaxi event aside from that the public will get a glimpse at whatever the company has been working on. Tesla is also facing a number of lawsuits and regulator scrutiny related to safety concerns over its self-driving software. Tesla has yet to officially announce a new date for the Robotaxi event.

Persons: —, Elon Musk, Musk, Warren Redlich, Tesla, Rosalie Nathans, she's Organizations: Service, Bloomberg, Business, Tesla, EV

☆ Israel-Hamas War and Gaza Latest News
▼ + stars: | 2024-07-15 | by ( Riley Mellen | ) www.nytimes.com time to read: +7 min

The strike, which the Israeli military says targeted a Hamas leader, took place in an area designated as a humanitarian zone. Earlier assassination attempts against Mr. Deif are believed to have left him disabled, and he may be missing an eye and limbs. They became more confident that Mr. Deif might enter Mr. Salameh’s compound after a growing cache of evidence suggested that he placed unusual trust in his subordinate. The official, Khalil al-Hayya, who lives in exile, said in an interview with Al Jazeera Arabic that Mr. Deif was listening to Mr. Netanyahu’s words and “mocking” them. Mr. Netanyahu himself, in a televised news conference on Saturday night, said there was still no “absolute certainty” that Mr. Deif had been killed.

Persons: Israel, Muhammad Deif, Deif, Shin, Rafa Salameh, Khan Younis, Salameh’s, Salameh, Benjamin Netanyahu, Izzat, Rishq, Mkhaimar Abusada, ”, Scott Anderson, Anderson, Khalil al, Netanyahu, Bet, Isabel Kershner Organizations: Hamas, The New York Times, Israel Defense Forces, Analysts, Gaza’s Al, Azhar University, Fatah, Gaza Health Ministry, Al Locations: Gaza, Israel, U.S, Khan, Rafa Salameh ., Al Jazeera, Jerusalem

☆ Trump Picked J.D. Vance as His Running Mate
▼ + stars: | 2024-07-15 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Donald Trump announced today that he had selected J.D. Vance as his running mate, elevating the 39-year-old Senator and former Marine who transformed over the last few years from a sharp critic of the former president into one of his most loyal allies. The selection was made public on the first day of the Republican National Convention, where Trump was officially awarded enough delegates to become the party’s nominee for president. By choosing Vance, Trump tapped an ambitious ideologue who relishes the spotlight and has already shown he can energize donors. Vance’s selection positions him to continue pushing Trump’s movement after a potential second term.

Persons: Donald Trump, Vance, Trump, America’s Hitler, ”, Maggie Haberman Organizations: Republican National Convention, Trump

☆ Elon Musk explains why Tesla's Robotaxi event is delayed
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk has seemingly confirmed Tesla's Robotaxi event has been delayed and revealed one reason the company needs more time before the big reveal. AdvertisementThe apparent reveal event delay isn't a complete shock — Musk often underestimates how long it will take to bring the ideas he has to market, saying he tends to be optimistic about product timelines. The same happened with the Cybertruck, Tesla's Full Self-Driving software, and Starlink's high-speed internet access in remote areas. Not much is known about Tesla's Robotaxi event aside from that the public will get a glimpse at whatever the company has been working on. Tesla has yet to officially announce a new date for the Robotaxi event.

Persons: —, Elon Musk, Musk, Warren Redlich, Tesla, Rosalie Nathans, she's Organizations: Service, Bloomberg, Business, Tesla, EV

☆ A Colorado couple with a net worth of $800,000 shares how the FIRE movement is helping them reach their goal of retiring in their 40s
▼ + stars: | 2024-07-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

So when the couple learned about the FIRE movement in their mid-20s, it was music to their ears. They then tried to apply some of that information to their financial strategies. Over the past several years, the couple has grown their combined net worth to more than $800,000, according to documents viewed by BI. To make more money, Arsenault said they've "aggressively pushed for additional income." When their strategies generate extra money, the couple invests as much as possible in their 401(k) plans and low-cost index funds.

Persons: —, Chrissy Arsenault, Ryan, didn't, Arsenault, who've, hasn't, Chrissy Arsenault Arsenault, they've, They've, They're, We've Organizations: Service, FIRE, Business, Facebook, BI Locations: Colorado, Costco, Indiana, Monument , Colorado, Fishers , Indiana

Supporters rush into Hard Rock Stadium ahead of Sunday’s Copa America final (Maddie Meyer/Getty Images)Fans had been asked to arrive early, with watch parties banned outside the stadium or in the parking lots. Hard Rock also said “fans MUST have a game ticket” to enter the stadium campus on Sunday. With the sun beating down, fans pushed toward the closed gates, causing a crush. “Various stadium gates were closed and re-opened strategically in an attempt to allow ticketed guests to enter safely and in a controlled manner. “The Copa America final is organized by CONMEBOL and Miami-Dade Police Department provides security support, along with other law enforcement agencies,” the statement read.

Persons: ”, “, Messi, Maddie Meyer, Laura Williamson, Diana, ” Diana, Daniel Muñoz, Manuela Ángel, Daniel’s, Alexis Mac Allister’s, “ Alexis, Silvina, Juan Mabromata, Nestor Lorenzo, ” Alejandro Flores, ” Flores, they’re, Megan Briggs, Daniella Levine Cava, James Reyes, Veronica Brunati, Dan Goldfarb Organizations: Copa América, Sunday’s Copa America, Miami, Dade Police, Dade, Rescue, ”, Athletic, Hard, Getty, “ CONMEBOL, South American Football Confederation, CONMEBOL, FIFA, CONCACAF, Colombia, tonight’s Copa America, Copa America, Miami - Dade Police Department Locations: Argentina, Miami Gardens, Colombia, Colombian, Miami, AFP, “, Honduras, North Carolina, Uruguay, United States, ”

☆ Ex-Secret Service special agents explain why counter-sniper who saved Trump's life may have lost crucial seconds
▼ + stars: | 2024-07-14 | by ( Laura Italiano | Kenneth Niemeyer | ) www.businessinsider.com time to read: +9 min

"This counter-sniper made an amazingly quick decision and clearly saved Trump's life," said Bill Pickle, the former special agent in charge of Al Gore's vice-presidential Secret Service detail. AdvertisementCangelosi said the Secret Service team at the event should have a "site plan" that would include a layout of the area and the surrounding buildings. The Secret Service has advance teams that scope out sites and make staffing recommendations ahead of major events, one expert said. The CS team returned fire, long-gun-toting counter-assault agents in black jumpsuits and helmets rushed the stage, and business-suited agents on the rally platform hurried Trump off stage. "The worst nightmare for the Secret Service has always been a lone gunman who hasn't been announcing his views publicly and is ready to die."

Persons: —, Donald Trump, Bill Pickle, Al Gore's, Pickle, Anthony Cangelosi, Cangelosi, couldn't, Jabin, Thomas Matthew Crooks, Crooks, it's, Trump, hasn't Organizations: Service, Business, Saturday, CS, Secret Service, Washington, Getty, Trump, FBI, Inter, Congress Locations: Butler , Pennsylvania, Bethel Park , Pennsylvania, Washington

☆ China third plenum: Communist Party meets to set direction for troubled economy
▼ + stars: | 2024-07-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Stakes are high for the meeting, which takes place every five years and is known as China’s third plenum. It has historically been a platform for the party’s leadership to announce key economic reforms and policy directives. China’s gross domestic product expanded by 4.7% in the April to June months, compared to the previous year. But observers of China’s opaque political machine don’t believe there will be fundamental economic reforms this time around. Uncompleted residential buildings at a real estate project on the outskirts of Shenyang in China's Liaoning province earlier this year.

Persons: Hong Kong CNN —, Xi Jinping, Xi, , Xi’s, Andrea Verdelli, They’ll, ”, Neil Thomas, Jing Qian, Li Shangfu, Qin Gang, Li Yuchao, Xu Zhongbo Organizations: Hong Kong CNN, Communist Party, West, Reuters, party’s Central, US, Congress, Bloomberg, Getty, Observers, ” Asia Society Center, China, Tech, EU, Central Committee, Foreign, People’s Liberation Army Rocket Force Locations: China, Hong Kong, Beijing, United States, Europe, party’s, Shenyang, China's Liaoning, China's Shandong

☆ How a bad year for college financial aid is shaping these students' futures
▼ + stars: | 2024-07-14 | by ( Jessica Dickler | ) www.cnbc.com time to read: +6 min

However, with a sticker price of nearly $80,000 per year, including tuition, fees, and room and board, Montiel-García, like many college hopefuls, needed financial aid to bring the cost down. Because of problems with the new form, financial aid award letters were delayed and some high school seniors, like Montiel-García, had trouble applying for any aid at all. In previous years, financial aid award letters were sent out at about the same time as admission letters, meaning students had several weeks to compare offers ahead of National College Decision Day, the deadline for most admitted students to decide on a college. Because of the extensive delays this year, some students won't get their final financial aid award letter until the end of August, the U.S. Department of Education said in a recent update. The high school graduate from Riverdale Park, Maryland, secured enough additional funding from the Maryland College Aid Processing System to afford his top choice school: Towson University.

Persons: Ramon Montiel, García Ramon Montiel, Montiel, García, —, NCAN, Laura Ipsen, Eric Greenberg, Andrea Garcia, Garcia, Emory doesn't, Mark Kantrowitz, Greenberg, mani Murphy, Murphy Organizations: KIPP, Denver Leadership Academy, Colorado ., KIPP Northeast Denver Leadership Academy, Wheaton College, Federal Student Aid, Wheaton, University of Colorado, National College, Greenberg Educational Group, U.S . Department of Education, Emory University, Education Department, Riverdale, Maryland College, Towson University Locations: García, Colorado, Massachusetts, U.S, Montiel, Denver, New York, Atlanta, Ky, Riverdale Park , Maryland, Towson

Here’s what led to the dismissal in the Baldwin case. Judge Mary Marlowe Sommer presides over actor Alec Baldwin's trial on involuntary manslaughter in First Judicial District Court on July 12, 2024 in Santa Fe, New Mexico. The items, however, were cataloged separately from Baldwin’s case, excluded from the “Rust” case inventory and not tested to see if they matched the lethal round, according to Poppell’s testimony. Attorney Luke Nikas embraces actor Alec Baldwin during his trial on involuntary manslaughter at Santa Fe County District Court in Santa Fe, New Mexico, on July 12, 2024. Dismissal with prejudice is warranted to ensure the integrity of the judicial system and the efficient administration of justice.”Gutierrez-Reed’s attorney, Jason Bowles, said he will move to dismiss her case following Baldwin’s case dismissal.

Persons: Alec, ”, Mary Marlowe Sommer, Baldwin, Hilaria, Halyna Hutchins, “, Hutchins, “ Rust, Joel Souza, Seth Kenney, – Erlinda Johnson –, Marlowe Sommer, Kari Morrissey, Alex Spiro, ” Morrissey, Judge Mary Marlowe Sommer, Alec Baldwin's, Ramsay de, Baldwin’s, Brady, Marissa Poppell, Troy Teske, Gutierrez, Teske, ” Marlowe Sommer, Luke Nikas, Alec Baldwin, ” Gutierrez, Jason Bowles, ” Bowles, CNN’s Julia Vargas Jones Organizations: CNN, Images Defense, Cornell Law School, Office, Court, Getty, State Locations: New Mexico, Mexico, Judicial, Santa Fe , New Mexico, . Maryland, Santa Fe, Santa Fe County

☆ Boeing just scored a big win for the 737 Max, but its order delay problem seems to be getting worse
▼ + stars: | 2024-07-12 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Boeing secured an order for 35 of its 737 Max jets from Aviation Capital Group. However, customers have been warned of further delays to Max deliveries, Bloomberg reported. AdvertisementBoeing secured a notable 737 Max order, but delays to the flagship narrowbody jet appear to be getting worse. Aviation Capital Group, the aircraft leasing unit of Japanese leasing firm Tokyo Century Corp, has ordered 35 Boeing 737 Max jets, it announced Friday. The order includes 16 of the Max 8 and 19 of the Max 10, which is yet to be certified.

Persons: —, Max Organizations: Boeing, Aviation Capital Group, Bloomberg, Service, Tokyo Century Corp, Max, Justice Department, Business

☆ Nearly all AT&T cell customers’ call and text records exposed in a massive breach
▼ + stars: | 2024-07-12 | by ( Matt Egan | Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —The call and text message records of tens of millions of AT&T cellphone customers in mid-to-late 2022 were exposed in a massive data breach, the telecom company revealed Friday. The records of a “very small number” of customers on January 2, 2023 were also implicated, AT&T said. The breach also included AT&T landline customers who interacted with those cell numbers. Additionally, AT&T said that for an undisclosed subset of its records, one or more cell site identification numbers linked to the calls and texts were also exposed. In the new incident, AT&T told CNN it learned in April that customer data was illegally downloaded from its workspace on Snowflake, a third-party cloud platform.

Persons: “, ”, Alex Byers Organizations: CNN, US Department of Justice Department Locations: –

☆ Why meteorologists avoid afternoon and evening flights in the summer
▼ + stars: | 2024-07-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

"I broke the one rule you should never ever break," the 9News Denver meteorologist told his followers. Advertisement"It was a fun trip, and I did not have to work the next day," Bianchi told BI. Hot air rises, so the warm summer air near Earth's surface starts to rise to higher, cooler altitudes. Morning flights can help you avoid cascading delaysBooking morning flights doesn't just help you avoid nasty weather — it also cushions you against delays that build up throughout the day. Knowing all that science and flight logistics, Bianchi's takeaway is simple: "Book a flight in the morning in summer," he said.

Persons: —, Chris Bianchi, I'm, didn't, Tom Green, Bianchi, Bianchi didn't, Ethan Miller, Alyssa Glenny, Hurricane Beryl, Beryl, Glenny Organizations: Service, LaGuardia Airport, Business, McCarran International Airport, Tornado, Reuters Locations: Denver, United States, Las Vegas , Nevada, Chicago, LaGuardia, Miami, Lakes, New England, Texas

☆ CNBC Daily Open: S&P retreats, yen surges, Tesla sinks
▼ + stars: | 2024-07-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This 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. The declines follow the lowest consumer price index in over three years. The yield on the 10-year Treasury fell, while U.S. oil prices rose on hopes of a rate cut. The Fed is "one step closer to a September rate cut," said Chris Larkin, managing director of trading and investing at E-Trade.

Persons: Jesse Pound, Chris Larkin, Kit Juckes, Elon Musk, Jamie Dimon's Organizations: CNBC, Nasdaq, Big Tech, Nvidia, Meta, Dow Jones, Treasury, U.S, Societe Generale, Delta Air Lines, Paris, Bloomberg, JPMorgan Locations: U.S

☆ AT&T says hackers stole records of nearly all cell customers' calls and texts
▼ + stars: | 2024-07-12 | by ( Patrick Smith | ) www.cnbc.com time to read: +2 min

A pedestrian walks by a sign posted in front of an AT&T store on June 20, 2023 in San Francisco, California. Hackers stole six months' worth of call and text message records of nearly every AT&T cellular network customer, the company said Friday. The data contains records of calls and texts between approximately May 1 and Oct. 31, 2022, and on Jan. 2, 2023. The content of the calls and messages was not compromised and customers' personal information was not accessed — but the records did include phone numbers. The company sought to assure customers that, at least as of Friday, "AT&T does not believe that the data is publicly available."

Organizations: SEC, U.S . Justice Department Locations: San Francisco , California

But Mizuho expects things will play out differently, and instead raises its price target on the electric vehicle maker, citing challenges with its robotaxis. Morgan Stanley stands by Starbucks, keeping it at an overweight, but lowering its price target. Fong's $155 price target suggests shares can jump another 19.3% over Thursday's closing level, building on a year of monster gains. Analyst Doug Anmuth hiked the mega-cap technology stock's price target by $100 to $750, now implying 14.9% upside from Thursday's close. While he upped his price target by $50 to $197, that fresh target reflects a drop of 18.3%.

Persons: Morgan Stanley, Cody Acree, Acree, — Alex Harring, Jon Tower, Chipotle, Alex Harring, BTIG, Marvin Fong, Fong, Carvana, CarMax, Doug Anmuth, Anmuth, Anmuth's, that's, he's, Christina Cheddar Berk, Vijay Rakesh, Rakesh, Joseph Spak, Spak Organizations: CNBC, UBS, Starbucks, JPMorgan, Netflix, Nvidia, Citi, Harbour, Tesla, robotaxis, Bloomberg Locations: Thursday's, premarket, China

☆ The US Navy needs to find more ships it can load up with missiles amid shipbuilding delays, Congress says with eyes on China
▼ + stars: | 2024-07-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCongress has requested that the US Navy conduct a study looking into other ships it can arm with missiles given the pressing need to maintain US naval power amid ongoing shipbuilding delays. AdvertisementThe committee report added that it doesn't believe the Navy is adequately preparing to meet requirements for those capabilities in the near-term. Related storiesThe request comes in response to delays on the first new Constellation-class guided missile frigate, which won't be delivered until at least 2029, three years behind schedule, per a Navy report earlier this year. Newport News Shipbuilding workers and Navy sailors walk past the USS George Washington as it rests pier side.

Persons: —, George Washington, Jonathon Gruenke, Frank Kendall, Carlos Del Toro Organizations: Service, US Navy, Business, US Senate Armed Services Committee, Pacific Command, Navy, Newport News Shipbuilding, Virginian, Tribune, Getty, Columbia, Department of Defense, Air Force, Commonwealth of Locations: China, People's Republic of China, Columbia, Okinawa, Guam, Commonwealth, Northern Mariana

CNN —The jury has begun deliberating in the federal corruption trial against Sen. Bob Menendez and his co-defendants. Menendez and his co-defendants, New Jersey businessmen Wael Hana and Fred Daibes, are accused of participating in a yearslong bribery scheme. Prosecutors spent nearly seven weeks untangling the multiple corruption schemes that they allege Bob and Nadine Menendez and the co-defendants were involved in. Federal prosecutors structured their case by chapters, calling witnesses to testify about separate schemes allegedly brokered by the senator in tandem with his wife. During the trial, the senator’s lawyers called five witnesses, including his sister, sister-in-law and the attorney for a friend of Uribe.

Persons: Sen, Bob Menendez, Menendez, Wael Hana, Fred Daibes, Mercedes, Nadine Menendez, –, Bob, Hana, Jose Uribe, Uribe, Bob Menendez’s, Fidel Castro, Donald Trump’s, Joe, Andy Kim, Kim, Curtis Bashaw Organizations: CNN, New, New Jersey Democrat, Prosecutors, Mercedes Benz, Democratic, Republican Locations: New Jersey, Cuban, New York City, Cuba, Manhattan, Jersey, South Jersey

☆ Stocks making the biggest premarket moves: Wells Fargo, JPMorgan, Tesla, Carvana and more
▼ + stars: | 2024-07-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: Wells Fargo — Shares tumbled 6% after the bank reported $11.92 billion in net interest income for the second quarter, a 9% year-over-year decline . Analysts polled by FactSet were expecting $12.12 billion in net interest income. Wells Fargo also reiterated its full-year forecast of a 7% to 9% decrease in net interest income. JPMorgan Chase — The bank slipped 1.6% despite reporting a revenue beat for the second quarter. Carvana — Shares of the used car seller added 1.3% after BTIG initiated coverage of the stock at a buy rating.

Persons: Wells, FactSet, Wells Fargo, JPMorgan Chase, Tesla, Carvana, Fastenal, —, Sarah Min, Jesse Pound, Pia Singh Organizations: JPMorgan, Revenue, LSEG, UBS, Bloomberg

If you could use a free hotel stay this year, consider signing up for the no-annual-fee Marriott Bonvoy Bold credit card. This is the best offer we've ever seen on the Marriott Bonvoy Bold® Credit Card , which is the only option out of six Marriott Bonvoy credit cards that doesn't come with an annual fee. Marriott credit cards only earn Bonvoy points, so they're not a good fit for anyone seeking a well-rounded travel rewards credit card. Only offers strong rewards for Marriott purchases Insider’s Take The Marriott Bonvoy Bold® Credit Card comes with an increased limited-time welcome bonus and good perks for a no-annual-fee card, but unless paying an annual fee is a dealbreaker for you, other Marriott cards — like the Marriott Bonvoy Boundless® Credit Card , Marriott Bonvoy Brilliant® American Express® Card, or Marriott Bonvoy Business® American Express® Card — are a better deal. Marriott Bonvoy earning ratesSpeaking of earning Bonvoy points, Marriott Bonvoy Bold® Credit Card cardholders can now earn twice as many rewards on several common household categories.

Persons: Bold, Cardholders, they're, cardholders, Marriott Organizations: Business, Marriott, Gold Locations: Marriott, Maldives, Regis New York

☆ Buy Costco stock as shares are poised to rally 10% after the company raises membership fees for the first time since 2017
▼ + stars: | 2024-07-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Costco stock has 10% upside after raising its annual membership fees for the first time since 2017, according to Bank of America. Costco stock has been on a tear, rising 35% year-to-date, nearly double the S&P 500's 18% rise. Costco's annual membership fee will jump $5 to $65 for its Gold Star and Business memberships, while its Executive membership fee will increase by $10 to $130. Goldman estimates that Costco's fee increase will add about $400 million to membership fee income over the next two years. On top of the fee increase, Costco also announced June sales data, which saw same-store-sales jump 6.9% on a year-over-year basis to $24.48 billion.

Persons: —, Goldman Sachs Organizations: Costco, Bank of America, Service, Star, Costco's, Goldman Locations: Thursday's

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