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NANTERRE, France — Léon Marchand won a fourth gold medal and set his fourth Olympic record of these games on Friday, taking the 200-meter individual medley to the delight of a delirious French crowd. Fans chanted, "Léon, Léon, Léon" as he stepped onto the medal podium before delivering a full-throated rendition of "La Marseillaise." French President Emmanuel Macron celebrates in the stands after Leon Marchand won gold Friday. Earlier in the evening, Australia’s Kaylee McKeown won gold in the 200 backstroke in Olympic-record time, edging American rival Regan Smith, who picked up her third silver medal. McKeown bested the previous Olympic record of American Missy Franklin, who had set the mark of 2:04.06 in London.

Persons: France — Léon Marchand, Michael Phelps, Marchand, Emmanuel Macron, Leon Marchand, Pascal Le Segretain, Duncan Scott of Great, Wang Shun, Carson Foster, Australia’s Kaylee McKeown, Regan Smith, McKeown, Smith, Missy Franklin, Leon Marchand of France, Adam Pretty, Australia’s Cameron McEvoy, Caeleb Dressel, Dressel, McEvoy, Florent Manaudou, Benjamin Proud of Organizations: Paris La, Arizona State, Duncan Scott of Great Britain Locations: NANTERRE, France, Beijing, Arizona, China, London, Benjamin Proud of Great Britain

☆ Video captures stunned police reaction after Baltimore bridge collapse: ‘One hell of a cleanup’
▼ + stars: | 2024-08-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +3 min

The video, released by the Baltimore Police Department this week to NBC affiliate WBAL of Baltimore, shows the officers' stunned reactions after the enormous structure was taken down. The officer arrives at 1:48 a.m. and asks an officer already at the scene: "Is that the Key Bridge collapsed?" "Yeah it's the whole bridge, a ship lost its steering and the whole bridge is down in the river," he responds. The original officer, struggling to take in the size of the disaster then says: "I mean, that's the Key Bridge ... "That's a long fall," one officer says of the missing construction workers.

Persons: Baltimore's Francis Scott Key, Dali, Francis Scott Key, Al Drago, Julio Cervantes Suarez, ”, Brian Wolfe, WBAL Organizations: Baltimore Police Department, NBC, Francis Scott Key Bridge, Bloomberg, Getty, NBC News, Maryland Transport Authority Locations: —, Baltimore, Maryland

Hospitals have identified at least 30 newborns with what has been identified as “fetal fentanyl syndrome,” NBC News has learned. The infants had specific physical birth defects: cleft palate, unusually small heads, drooping eyelids, webbed toes and joints that weren’t fully developed. Birth defects linked to fentanyl by geneticists at Nemours Children’s Health in Wilmington, Del. But despite a rise in fentanyl misuse, even during pregnancy, there is no indication of a concurrent rise in birth defects. And most babies exposed to fentanyl in utero aren’t born with the defects that are hallmarks of the fetal fentanyl syndrome.

Persons: they’d, “, ”, Miguel Del Campo, Del, He’d, Dr, Karen Gripp, Smith, ” Gripp, Karoly Mirnics, Center's Munroe, ” Del Campo, “ They’re Organizations: NBC, Rady Children’s, Elsevier, University of Nebraska Medical Center, Psychiatry, University of Nebraska, Meyer Institute, University of California Locations: San Diego, Nemours Children’s, Wilmington , Delaware, Wilmington, Del, Nemours, University of California San Diego

☆ Tesla's unique approach to sales is giving it headaches
▼ + stars: | 2024-08-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

The big storyFor saleGetty Images; Jenny Chang-Rodriguez/BIOne of Tesla's biggest assets is its willingness to try new things, but its unique approach to sales is also what's giving it headaches. AdvertisementA key issue is Tesla's inability to evolve its sales tactics as the EV market rapidly changes . Business Insider's Grace Kay spoke to more than a dozen current and former employees in Tesla's sales division about how the company has tried to kick-start its sales unit . Not unlike its cars, Tesla's sales approach is innovative compared to the rest of the automotive industry. It's a great strategy when the cars sell themselves — which Teslas did for a while — since you don't need to maintain a traditional sales structure.

Persons: —, Jenny Chang, Rodriguez, It's, Elon Musk, Insider's Grace Kay, There's, Teslas, Justin Sullivan, Fintechs, chatbots, Rebecca Zisser, Goldman Sachs, James Knightley, Andy Jassy, Mike Blake, Chelsea Jia Feng, Venu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, EV, Tech, Citadel, ING Economics, Big Pharma, Pfizer, Novo Nordisk, Department of Labor, Chevron, ExxonMobil Locations: New York, London

☆ What to watch this weekend at the Paris Olympics
▼ + stars: | 2024-08-02 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +10 min

Paris CNN —The first week of the 2024 Summer Olympics is very nearly in the books and business is about to pick up. Richardson comes into Paris looking to prove she is the fastest woman in the world. Track and field heats upAn overview shows athletes competing in the women's 5000m heat of the athletics event at the Paris 2024 Olympic Games at Stade de France in Saint-Denis, north of Paris, on August 2, 2024. Antonin Thuillier/AFP/Getty ImagesThe star of the second week of the Summer Olympics, track and field competition takes the stage this weekend. Mixed 4x100m medley relay, featuring the American team of Regan Smith, Charlie Swanson, Dressel and Abbey Weitzeil.

Persons: Paris CNN —, Simone Biles, Biles, she’s, She’s, ‘ I’m Simone Biles, ”, Noah Lyles, Sha’carri Richardson, Richardson, Jamacia’s Kishane Thompson, Thompson’s countryman, Usain Bolt, Lyles, Sha'Carri Richardson, Australia's Bree Masters, Canada's Jacqueline Madogo, Denis, Jewel Samad, Xander Schauffele, Japan’s Hideki Matsuyama, Jon Rahm, Great, Tommy Fleetwood, Rory McIlroy, Scottie Scheffler, Schauffele, hasn’t, Sophia Smith, Pascal Guyot, Trinity Rodman, Rose Lavelle, Alyssa Naeher, LeBron James, –, it’s Jose Alvarado, James, Pierre, Sameer Al Doumy, Antonin Thuillier, Katie Ledecky, Bradley Kanaris, Caeleb Dressel, Kate Douglass, Alex Walsh, Summer McIntosh, Paige Madden, Ariarne Titmus, Regan Smith, Charlie Swanson, Dressel, Gretchen Walsh, Sarah Sjoestroem, Bobby Finke Organizations: Paris CNN, Olympic Games, Tokyo Olympics, Stade de France, Games, Paris, Getty, Le National, PGA, British, Women’s National, Japan, women’s, Marseille, US, Serbia, Puerto Ricans, USA, Belgian, FIBA’s, Summer, Paris La Defense Locations: Paris, France, American, Spring , Texas, Lyles, Saint, AFP, Tokyo, Australia, USA, Marseille, New Zealand, Japan, Sudan, Puerto Rico, Puerto, South Sudan, Mauroy, Villeneuve, d'Ascq, Belgium, Germany, Barcelona, Nanterre, Swedish

☆ Pete Buttigieg: How his 2020 campaign built the base driving his VP buzz
▼ + stars: | 2024-08-02 | by ( Arit John | ) edition.cnn.com time to read: +8 min

Buttigieg isn’t the only politician to exit a Democratic presidential primary with an enduring army of online super fans. “Team Pete” didn’t disappear, but the “veepstakes” reactivated his supporters, said Mike Schmuhl, Buttigieg’s 2020 campaign manager. This week, though, he joined the list of vice presidential hopefuls to cancel a planned event with limited explanation. They reject the idea that America isn’t ready for a major-party ticket featuring both a Black woman and the first out gay vice presidential pick. “I definitely think in my lifetime he will be on a ticket,” said Brandon Neal, a Democratic strategist and senior adviser to the 2020 campaign.

Persons: Pete Buttigieg, “, ”, Kamala Harris, George Hornedo, “ They’ve, they’ve, Pete’s, ” Buttigieg, Harris, Buttigieg’s, Buttigieg, Independent Sen, Bernie Sanders, Andrew Yang’s “ Yang, ” Harris, hyping, Pete ” didn’t, Mike Schmuhl, “ Joe Biden, it’s, Pete, Kamala Harris ”, Joseph Guarino, Pete ”, ” Guarino, Josh Shapiro, Arizona Sen, Mark Kelly, Tim Walz, Pat Ryan, ” Ryan, Biden, He’s, Harris ’, Donald, Trump, MAGA, President Harris, Shapiro, he’s, he’d, Don Beyer, ” Nina Smith, ” Smith, there’s, Brandon Neal, Jamie Gangel, Ali Main Organizations: CNN, Democratic, Fox News, Independent, “, Democratic Party, Pennsylvania Gov, Minnesota Gov, Department of Transportation, New York Democrat, House Democrats, Indiana, Virginia Rep Locations: South Bend , Indiana, Iowa, New Hampshire, New York City, Philadelphia, Arizona, Kokomo , Indiana, America, New York, Michigan

☆ What to watch at Olympics today: Track and field picks up, while Léon Marchand returns to the pool
▼ + stars: | 2024-08-02 | by ( Lukas Weese | ) www.nytimes.com time to read: +7 min

Team events continue, with men’s soccer beginning its quarterfinals. Canada is one of a handful of countries that could challenge the U.S., the reigning Olympic gold medalist in men’s basketball. GO DEEPER Argentina to play France in Olympic men's football quarter-finalsThursday highlightStop what you’re doing right NOW and watch Simone Biles on floor! It marked Biles’ sixth Olympic gold — the most of any U.S. gymnast. Brazil’s Rebecca Andrade claimed silver and the United States’ Suni Lee, who won Olympic gold in the event at the Tokyo Games, took bronze.

Persons: Celine Dion, —, Brian Pintado, Yang Jiayu, Uganda’s Joshua Cheptegei, Cheptegei, Jacob Kiplimo, Gudaf, Nia Akins, Allie Wilson, Juliette Whittaker, Athing Mu, Marchand, Smith, Regan Smith, Kaylee McKeown, Léon Marchand, RJ Barrett, it’s, Lionel Messi, Thierry Henry, Alexandre Lacazette, Jean, Philippe Mateta, Julian Alvarez, Nicolás, Simone Biles Organizations: Olympics, Stade de France, NBC, La Defense, Frenchman, Spain, Getty, Toronto Raptors, Olympic, Australia, Games, Saint, Argentina –, Telemundo, Argentina, France Locations: Paris, Tokyo, Ethiopia, France, Canada, men’s, Sydney, basketball, Spain, Montigny, Morocco, Argentina, Argentina – France, United States, The U.S, Olympic

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin swings amid broad sell-off driven by slowing U.S. job growth: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, CNBC Crypto World takes a deep dive into the integration of two popular technologies: blockchain and artificial intelligence.

Persons: explainers Organizations: CNBC Crypto, CNBC

☆ Why CTOs have the biggest job on Wall Street right now. Tech leaders from Goldman and Citadel open up about how the job is evolving in the age of AI.
▼ + stars: | 2024-08-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

"The most powerful part of the AI story thus far is the chief technology officer, chief information officer," Griffin said at the Milken Global Institute. At the most profitable hedge fund of all time, that person is Umesh Subramanian, Citadel's chief technology officer. But in the age of generative AI, the role of the CTO has evolved into something that reaches far beyond the back office. Nearly two years after OpenAI introduced ChatGPT, finance firms are still trying to figure out the best ways to leverage generative AI for their own businesses and workers. Related stories"The level of investment right now in AI, trickling down the whole value chain, is no longer only a technology investment," Argenti said.

Persons: —, Ken Griffin, Griffin, They've, Subramanian, OpenAI, it's, Andrew Chin, AllianceBernstein, Goldman Sachs, Marco Argenti, Chin, Wells, Bridget Engle, Engle, Keri Smith, Argenti, Citadel's Subramanian, Wall, Accenture's Smith, AllianceBernstein's Chin, Goldman's Argenti Organizations: Service, Citadel, Milken Global Institute, Business, BNY Mellon, Goldman, Amazon Web Services, Management, Accenture, Tech, Wall Locations: Wall

☆ David Smith: Born with severe hearing loss in both ears and relying on lip-reading, US Olympian is representing others like him
▼ + stars: | 2024-08-02 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —For David Smith, playing the sport he loves has come with adaptations. Smith was born with severe hearing loss in both of his ears and relies on lip-reading to understand what his volleyball teammates and coaches are saying. But his disability comes with its own unique set of challenges, one which Smith describes as “hard work. Smith began playing volleyball aged 14, initially as a summertime hobby outside of his regular sporting passion: Soccer. Speraw describes discovering Smith as like “finding a diamond in a rough.” He also said that Smith’s disability never came into play.

Persons: David Smith, Smith, David, ” Smith, “ I’ve, …, Olympics.com, John Speraw, Speraw, ” Speraw, Andrej Isakovic, “, ”, “ You’re Organizations: CNN, USA, Paris Olympics, University of California, US, volleyball, Paris Games, Japan Locations: Rio, Irvine, Speraw, Argentina, AFP, Paris, Poland

☆ The Olympics’ No. 1 Fan
▼ + stars: | 2024-08-02 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

Some time on Monday night, his head doubtless heavy with sorrow, Antoine Griezmann returned to Madrid. He had stayed away as long as possible, but he was due for his first training session with Atlético Madrid on Tuesday morning. The European soccer season, long and arduous, hangs on the horizon. “Bravo Clarisse,” he wrote on X, in honor of the French judoka Clarisse Agbegnenou, who had just claimed a bronze medal in Paris. Griezmann was not going to let the small matter of distance — or having to go through the grueling preseason training of his coach, Diego Simeone — prevent him from either watching the Olympics or proclaiming each French success to the world.

Persons: Antoine Griezmann, Atlético, “ Bravo, ”, Clarisse Agbegnenou, ” Griezmann, Griezmann, Diego Simeone — Organizations: Atlético Madrid Locations: Madrid, Paris

☆ U.S. men out of Olympic soccer competition after 4-0 defeat to Morocco
▼ + stars: | 2024-08-02 | by ( Jeff Rueter | Greg O'Keeffe | ) www.nytimes.com time to read: +8 min

This was a day to forget for the United States men’s soccer team. As seen from the graphic below, Morocco dominated the game in key statistical metrics, ending the United States’ hopes of a medal. Thus concludes the United States men’s two-tournament summer. Tanner Tessmann was at the heart of most of the United States’ positive passages. It won’t inspire many hearts and minds, but the United States did exactly that in the first half against Morocco — save for one ill-advised wag of Harriel’s leg.

Persons: Soufiane Rahimi, Ilias Akhomach, Hakimi, Mehdi Maouhoub, United States ’, Jeff Rueter, Greg O’Keeffe, Bryan Reynolds, Ricardo Pepi, Malik Tillman, Gio Reyna, Yunus Musah, Marko Mitrovic, Duncan McGuire, Walker Zimmerman, Miles Robinson, Zimmerman, Alex Gottschalk, McGuire, Griffin Yow, Mitrovic, Djordje Mihailovic, Gianluca Busio, Jack McGlynn didn’t, Maximilian Dietz, Tanner Tessmann, Patrick Schulte, Kevin Paredes, Tim Weah, Nathan Harriel …, Harriel, Paul Ellis, Rahimi, Abdessamad Ezzalzouli, Morocco’s, Morocco —, Marc Atkins, Paredes, Brad Smith, Bilal El Khannous, Greg O’Keeffe Rahimi’s, isn’t, Al, plaudit, Tarik Sektioui’s, John Todd Organizations: United, soccer, Copa America, Olympics, PSV Eindhoven, New, Philadelphia Union, Getty, Real Betis, Guinea, Morocco, Wolfsburg, Paredes ruffled, U.S, Asian Champions League, UAE Locations: United States, Morocco, Parc, States, New Zealand, Guinea, France, Ukraine, U.S, Al Ain, American

For now, Fed officials think the ongoing slowdown in hiring and a recent tick up in joblessness suggest the labor market is returning to normal after a few years of booming hiring. But while that approach is cautious when it comes to price increases, it could prove to be risky when it comes to the labor market. But that chain reaction can come at a serious cost to the job market. For now, Fed officials think that the ongoing slowdown in hiring and a recent tick up in joblessness signal that labor market conditions are returning to normal after a few years of booming hiring. Fed rate moves take time to work, so if the central bank only starts to cut borrowing costs when the job market is showing serious signs of strain, it could be moving too late.

Persons: ” Jerome H, Powell, Mr, Neil Dutta, ” Mr, “, ” Organizations: Federal Reserve, Macro Locations: joblessness, “

☆ A Gen Zer quit a corporate job paying $94,000 to become a reseller and content creator: 'It's not somewhere I wanted to be for the next 40 years of my life'
▼ + stars: | 2024-08-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

She left the corporate grind earlier this year and turned her side gigs into a full-time job. Her last position before moving into full-time self-employment had a base salary of $94,000. Advertisement"I was at this job, wasn't totally happy with it, and I knew I had been making decent money doing my side hustles part-time," she said. "When I'm doing that, I'm like, oh, I couldn't be doing this right now if I was working my corporate job," she said. Have you left your corporate job, made a career change, or turned your side hustle into a full-time job?

Persons: —, Amber Smith, Smith, it's, I'm, wasn't, she's, I've, Taylor Swift Organizations: Service, Business, eBay Locations: Iowa, mhoff@businessinsider.com

☆ Judge Chutkan could jumpstart Trump election interference case now that it’s back in her court
▼ + stars: | 2024-08-02 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +8 min

The case returns to Judge Tanya Chutkan one month after the Supreme Court issued a game-changing ruling on presidential power. But the Supreme Court interceded earlier this year and put the case on pause to consider Trump’s claims of presidential immunity. Attorneys working on the case believe that Chutkan will move quickly with the case back in her jurisdiction, according to sources familiar with their thinking. Any move she makes will be under extreme scrutiny, given that it’s the only remining federal case against Trump after the Florida federal judge overseeing his classified documents case, Aileen Cannon, dismissed those criminal charges against Trump and his two co-defendants. Cannon appeared to hold hearings on nearly every motion in the Trump case before her, but Chutkan often rules without hearing from the parties in person.

Persons: Donald Trump, Tanya Chutkan, Chutkan, Trump’s, Jack Smith’s, Mike Pence, Trump, Aileen Cannon, ”, ’ Chutkan, “, ” Chutkan, She’s, “ Tanya’s, it’s, shouldn’t, Tim Parlatore, Cannon, –, CNN’s Holmes Lybrand, Evan Perez, Paula Reid, Casey Gannon Organizations: CNN, Trump, Capitol, DC, Court Locations: Washington ,, Florida, Washington

☆ Harris' running mate search nears the finish line: From the Politics Desk
▼ + stars: | 2024-08-01 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, we report on how Vice President Kamala Harris' search for a running mate is nearing the finish line. Harris' VP search nears the endBy Yamiche Alcindor, Julie Tsirkin and Rebecca ShabadThe vetting team for Vice President Kamala Harris has met with six potential running mates as her selection process nears its end, two sources familiar with the campaign said. Shapiro met with Harris’ vetting team on Wednesday, according to a source familiar with the meeting. The vice president was not present, the source said. Read more →The Democratic National Committee’s virtual roll call to officially nominate Harris for president began at 9 a.m.

Persons: Kamala Harris, Jonathan Allen, Donald Trump, Harris, Yamiche Alcindor, Julie Tsirkin, Rebecca Shabad, Andy Beshear, Pete Buttigieg Arizona Sen, Mark Kelly Illinois, JB Pritzker, Josh Shapiro Minnesota, Tim Walz, Joe Biden, Shapiro, Manuel Bonder, ” Bonder, Kelly, ” Pritzker, Walz, “ I’m, ” Walz, Read, Allan Smith, →, hasn’t, Ohio Sen, JD Vance, Kamala Harris ’, Trump, ” That’s, ”, Scott Olson, Vance, Joe Biden —, Archie Bunker, Harris doesn’t, that’s, —, Sen, Rea, sid e nt began, m. E, mary day in Organizations: NBC, White House, Capitol, Mark Kelly Illinois Gov, Hamptons, PAC, NBC News, Democratic, National Association of Black Journalists, GOP, ’, Trump, SC O Locations: Kentucky, Philadelphia, Wisconsin, Detroit, Raleigh , North Carolina, Phoenix, Las Vegas, Savannah , Georgia, Israel, Gaza, Chicago, Indian American, Michigan , Wisconsin , Pennsylvania, Arizona, Georgia, —

☆ This college has the most U.S. athletes in the Olympics
▼ + stars: | 2024-08-01 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

American colleges and universities are major training grounds for future Olympians. Three out of four of those athletes played at the collegiate level, according to the U.S. Olympic Committee. The school's most recognizable alum is swimmer Katie Ledecky, who, as of Wednesday, has won 12 Olympics medals in her career, including eight golds — tying Jenny Thompson's record for the most by any female swimmer in Olympic history. After Stanford, next on the list is the University of California, Los Angeles (UCLA) with 17 athletes, and the University of Southern California (USC) with 16. Here are the top 10 colleges and universities with the most American athletes in the 2024 Olympics:

Persons: Katie Ledecky, Jenny Thompson's Organizations: Team USA, U.S . Olympic, Stanford, University of California, University of Southern, USC Locations: Paris, American, Los Angeles, UCLA, University of Southern California

☆ Simone Biles: All eyes on US gymnast as she goes for women’s all-around gold at the Paris Olympics
▼ + stars: | 2024-08-01 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

Paris CNN —With the first chapter of Simone Biles’ comeback at the Olympics already complete, the next is ready to be written. All this comes not long since Biles said she had considered walking away from gymnastics having experienced a mental block called “the twisties” at the Tokyo Olympics. “She’s fun to be around, relatable, and what you see is what you get,” Katie Walsh, the director of Netflix’s recently released documentary, “Simone Biles: Rising,” told CNN. “Leading up to the Paris Olympics, we wanted to show a larger audience that Simone was not only the G.O.A.T. Calm and ready like she was before the team final, she promises to be a formidable force.

Persons: Simone Biles ’, Biles, “, ” Biles, Suni Lee, Brazil’s Rebeca Andrade, ” Katie Walsh, Netflix’s, “ Simone Biles, ”, “ She’s, she’s, Larry Nassar –, Simone, Walsh, Patrick Smith Organizations: Paris CNN —, USA, Games, Tokyo, US, Paris ’, CNN, Tokyo Olympics, USA Gymnastics, Paris Olympics Locations: American, Paris, Brazil, Tokyo, Michigan

☆ Hedge funds are dusting off an old strategy to help reverse a fundraising slump, but it comes with a risk
▼ + stars: | 2024-08-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, hedge funds are dusting off an old strategy that's a unique twist on passive investing . And with the fundraising environment for hedge funds looking bleak , they'll take any help they can get. AdvertisementBut with portable alpha, hedge funds are tying themselves to something they've pledged they are better than. What happens if the hedge fund's portion of the portable alpha strategy is what pulls returns down? With competition from venture capital and private equity, hedge funds can't afford to turn their nose up at anything.

Persons: —, Tyler Le, Alex Morrell, It's, Jenny Chang, Rodriguez, Philippe, hasn't, they've, it's, duMond, Chip Somodevilla, Alyssa Powell, Harris, Jerome Powell, Powell, Tetiana Lazunova, Meta, it'll, Linda Yaccarino, Elon Musk, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Trump, DWS Group, BI, Nvidia, Twitter, Apple, Amazon, Barclays, Shell, Democratic National Committee Locations: Hollywood, London, Milan, Dubai, New York

☆ Senate Rejects Bipartisan Tax Deal
▼ + stars: | 2024-08-01 | by ( Andrew Duehren | ) www.nytimes.com time to read: +1 min

The Senate rejected a bill on Thursday that would have restored lapsed tax breaks for businesses and expanded the child tax credit, as many Republicans in the chamber lined up against the bipartisan deal in hopes of gaining an advantage in bigger tax legislation expected next year. It soared through the House earlier this year with broad bipartisan support, a rare feat. Business groups loved it and hoped Congress would again allow companies to immediately deduct the full cost of capital investments and research expenses from their tax bills. Republicans senators worried that the bill’s expansion of the child tax credit veered into creating a new welfare program, stalling the legislation. Mr. Schumer also ultimately voted against the bill, a decision that allows him to potentially bring it back up for another vote.

Persons: Jason Smith, Ron Wyden, —, Chuck Schumer, Joe Manchin III, West, Bernie Sanders, Vermont —, Schumer Organizations: Republican, Democrat, Finance, Senate, New York Democrat, Republicans, Democrats Locations: Missouri, Oregon, West Virginia, Vermont

☆ Watch Biden’s speech after prisoner swap
▼ + stars: | 2024-08-01 | by ( Jennifer Smith | ) edition.cnn.com time to read: 1 min

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☆ How UK prison gangs actually work, according to a former member
▼ + stars: | 2024-08-01 | by ( Nazar Risafi | Kyle Desiderio | ) www.businessinsider.com time to read: 1 min

Leroy Smith was a member of the African Crew prison gang in the UK during the early 2000s. Smith became a hit man and a drug dealer for the African Crew during his time as a category A inmate in the Full Sutton, Frankland, Long Lartin, and Whitemoor high-security prisons. He speaks about serving 20 years in prison for the shooting of two Metropolitan Police constables in Brixton, South London, during the early 1990s. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Persons: Leroy Smith, Smith, Frankland, Long Organizations: Crew, Metropolitan Police, Business Locations: Sutton, Brixton , South London

☆ Summer McIntosh, 17, wins ‘surreal’ second gold medal of the Paris Olympics with 200m butterfly victory
▼ + stars: | 2024-08-01 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

Paris CNN —The Paris Olympics are not yet one week old but 17-year-old Summer McIntosh already has two gold medals. As for McIntosh, she climbed out of the pool, raised a hand to the crowd, and was met with a roar of approval. A few weeks short of her 18th birthday, she is fast becoming a star of the Paris Olympics. “Pretty surreal, I’m really happy with the time,” McIntosh told reporters after the race. “It’s pretty cool winning the 200 fly because that, by far, was her main event,” added McIntosh.

Persons: Summer McIntosh, Games –, McIntosh, Regan Smith, China’s Zhang Yufei, ” McIntosh, Oli Scarff, Jill Horstead, “, ”, Zhang, Smith, François, Xavier Marit, It’s Organizations: Paris CNN —, Games, Paris, Getty, Tokyo, Canadian Locations: Paris, AFP, Tokyo

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin and ether sink more than 5% alongside broad sell-off on Wall Street: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, David Duong, head of institutional research at Coinbase, provides his market outlook as the new month begins and Valerie Kennedy, director of investigations at Chainalysis, discusses a new report on malign interference and crypto.

Persons: explainers, David Duong, Valerie Kennedy Organizations: CNBC Crypto, CNBC

☆ Productivity Surges 2.3%, Beating Forecasts
▼ + stars: | 2024-08-01 | by ( Talmon Joseph Smith | More About Talmon Joseph Smith | ) www.nytimes.com time to read: +3 min

A highly productive economy generally means businesses and workers are operating efficiently, making more money in fewer hours. In the second quarter, production was up 3.3 percent, while hours worked rose 1 percent. Productivity, at a basic level, is calculated as a simple ratio: the total amount of output an economy produces per hour worked by its labor force. No, but the impact on productivity data in those quarters was deeply negative. For now, most analysts say artificial intelligence is having only a nascent influence on overall productivity.

Persons: “, Skanda Amarnath, ” Organizations: Federal Reserve, of Labor Statistics, U.S Locations: U.S, Europe, America, A.I

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