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☆ We are 100 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-07-28 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +11 min

Harris opens up new potential paths to victorySince entering the race, Harris has shown momentum in early polling. This became worrisome for the Biden campaign as warning signs flashed in states like Virginia and New Hampshire. The positive early polling is a great sign for the vice president, but it isn't the only metric that shows momentum. Trump's pick for vice president makes things interestingVice presidential picks are far from guaranteed to help a presidential hopeful win a state. With Biden out of the race, Democrats will likely seek to tie the election — anchored by Harris' candidacy — to the party's future.

Persons: —, Kamala Harris, Donald Trump, Lyndon B, Johnson, Joe Biden's, Biden, Biden's, Trump, Harris, isn't, Sen, JD Vance, MAGA, Joe Biden, hto4J6PkOw —, Harry Enten, Harris —, Al Gore, George W, Vance, Ohio Sen, Win McNamee, Doug Emhoff, Mike Pence, John McCain of, Jim Vondruska, Mark Kelly of Arizona, Josh Shapiro, Tim Walz, Andy Beshear, Roy Cooper of, JB Pritzker, Gretchen Whitmer, Pete Buttigieg, Cedric Richmond of, Kelly, Shapiro, Walz Organizations: Service, The United, Democratic, Business, Democrats, Republican National Convention, Democratic National Convention, GOP, New York Times, Trump, Biden, Harris, CNN, Electoral, NV, Omaha -, Black, Anselm College, Convention, Ohio, Ohio Republican, Senate, Ohio Republicans, White, Getty, Pennsylvania, Bloomberg, Illinois, Navy Locations: The United States, Vietnam, Harris, Chicago, Ohio, Siena, Michigan , Wisconsin, Pennsylvania, Omaha, Nebraska, Virginia, New Hampshire, Minnesota, New Mexico, North Carolina, Georgia, John McCain of Arizona, Michigan, Kentucky, Roy Cooper of North Carolina, Cedric Richmond of Louisiana, Arizona, Wisconsin

☆ A massive race to start the Olympics: Get ready for the women’s 400-meter freestyle
▼ + stars: | 2024-07-26 | by ( Nicole Auerbach | ) www.nytimes.com time to read: +7 min

AdvertisementAustralian Ariarne Titmus, 23, is the defending Olympic gold medalist in the event and the favorite entering Saturday’s competition. American Katie Ledecky, 27, took gold in the 400 free in the previous Olympics in Rio de Janeiro. Plus, the field includes 17-year-old Canadian phenom Summer McIntosh, who set the world record in the event in 2023 before Titmus re-set it. With none of the runners-up in view, Ariarne Titmus reaches for gold in the women’s 400-meter freestyle at the 2023 world championships. (Jacob Kupferman / Getty Images)(Top illustration: Dan Goldfarb / The Athletic; photos of Ariarne Titmus, Katie Ledecky and Summer McIntosh: Quinn Rooney, Maddie Meyer and Jacob Kupferman / Getty Images)

Persons: PARIS — It’s, Katie Ledecky, Summer McIntosh, Titmus, “, I’ve, ” Ledecky, Erika Fairweather, McIntosh, She’ll, Adam Pretty, Canada’s, she’s, Ledecky, Regan Smith, Kate Douglass, Alex Walsh, ” Brent Arckey, don’t, Caeleb Dressel, ” Titmus, I’m, ”, Larisa Latynina, Jacob Kupferman, Dan Goldfarb, Ariarne Titmus, Quinn Rooney, Maddie Meyer Organizations: Paris Games, PARIS, Tokyo Games, Summer’s Games, CBC Sports, U.S, Titmus, McIntosh, Olympic Locations: Rio de Janeiro, U.S, Fukuoka, Japan, Sarasota , Fla, Tokyo, Titmus, Australia, Titmus Australia, Chartres, France, London, Soviet Union, Ledecky, McIntosh, Paris

☆ Oil edges up on strong U.S. GDP data but Asia economic woes limit gains
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer. But concerns about soft economic conditions in Asia's biggest economies, China and Japan, capped gains. At the same time, inflation pressures eased, which kept intact expectations that the Federal Reserve would move forward with a September interest rate cut. Lower interest rates tend to boost economic activity, which can spur oil demand. Still, continued signs of trouble in parts of Asia limited oil price gains.

Organizations: Brent, . West Texas, Commerce Department, Reuters, Federal Reserve Locations: Fort Stockton , Texas, China, Japan, U.S, Asia

☆ U.S. crude oil on pace for third weekly decline as China demand outweighs U.S. growth
▼ + stars: | 2024-07-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude on Friday was on pace for a third weekly decline as worries about demand in China outweigh strong economic growth U.S.U.S. oil is down 2.7% this week, while Brent is 0.84% lower. The U.S. economy grew at a 2.8% pace in the second quarter, much stronger than expected. But oil imports to China were down 10.7% year over year in June, and refined product imports fell 32% during the same period, according to customs data. China is the world's largest crude importer. Here are today's energy prices:Surprise rate cuts in China raised concerns that Beijing is struggling to breathe life into the world's second largest economy.

Persons: Brent, Bob Yawger Organizations: People's Bank of, Mizuho Securities Locations: China, U.S, Beijing, People's Bank of China

☆ Doug Emhoff blasts JD Vance's 'stupid, uninformed' comments about Kamala Harris being a 'childless' cat lady: 'It hurt my feelings'
▼ + stars: | 2024-07-26 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Emhoff said that Vance's remarks show he doesn't appreciate the reality of a modern family. Emhoff's daughter, Ella Emhoff, and his ex-wife, Kerstin Emhoff, had already teed off on Vance over previously coming after their family. The Democrats are in complete disarray with the most unpopular Vice President in history as their party's nominee," Van Kirk said in a statement to Business Insider. I've got nothing against dogs," Vance told former Fox News anchor Megyn Kelly on her podcast.

Persons: —, Doug Emhoff, Sen, JD Vance, Ohio, Vance, Kamala Harris, Jennifer Aniston, Emhoff, Preet Bharara, Kirsten, Ella, Ella Emhoff, Kerstin Emhoff, Cole, Harris, Kamala, Doug, Taylor Van Kirk, Van Kirk, they've, Tucker Carlson, Emhoff's, I've, Megyn Kelly, Donald Trump Organizations: Service, Business, CNN, Senate, Democratic, Fox News, Democratic Party, Republican Party

☆ Summer of small caps is here, says Fundstrat's Mark Newton
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSummer of small caps is here, says Fundstrat's Mark NewtonBrent Schutte, Northwestern Mutual Wealth Management CIO, and Mark Newton, Fundstrat head of technical research, join 'Power Lunch' to discuss the market sell-off, what sectors investors should be looking at, and more.

Persons: Fundstrat's Mark Newton Brent Schutte, Mark Newton, Fundstrat Organizations: Northwestern Mutual Wealth Management

☆ Jefferies' Brent Thill on tech selloff: We're seeing a rotation inside of tech
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies' Brent Thill on tech selloff: We're seeing a rotation inside of techBrent Thill, Jefferies tech research analyst, joins 'Squawk Box' to discuss the latest market trends, what to make of the tech selloff, sector outlook, and more.

Persons: Email Jefferies, Brent Thill Organizations: Jefferies

☆ Biden says the fight for democracy is bigger than him, so he decided to 'pass the torch' to Harris
▼ + stars: | 2024-07-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

"I've decided that the best way forward is to pass the torch to a new generation," he said. "In this sacred space, I am surrounded by portraits of extraordinary American presidents," Biden said. First lady Jill Biden released a handwritten note to supporters to underline the president's push to hand the torch to Harris. Love,Jill pic.twitter.com/NakOWknWlC — Dr. Jill Biden (@DrBiden) July 25, 2024Republicans have been furious over Biden's decision. Despite the focus on Harris, Biden was clear that he intends to make the most of his remaining months in office.

Persons: —, Joe Biden, Biden, I've, Donald Trump, Lyndon B, Johnson, George Washington, Thomas Jefferson, Abraham Lincoln, Kamala Harris, Jill Biden, Harris, Joe —, Love, Jill, Jill pic.twitter.com, Dr, Mike Johnson Organizations: Service, Business, FDR, Kamala, Republicans, Trump Locations: COVID

☆ How Trump could replace JD Vance if the Ohioan's terrible polling continues
▼ + stars: | 2024-07-25 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

While Trump insists he's sticking with Vance, the senator's poor polling combined with Vice President Kamala Harris' momentum has led some to ask: Could Trump replace Vance? The Democratic and Republican National Committees have separate rules governing how they fill vacancies of presidential or vice presidential nominees. Related stories"I think sometimes what people forget is that people start voting in September," Dacey told Business Insider. It would be, he said, "extraordinarily disruptive" both logistically and politically to replace Vance as the vice presidential nominee. In 2020, there were rumors he would replace former Vice President Mike Pence on his ticket.

Persons: —, Sen, JD Vance, Donald Trump's, Trump, Vance, Kamala Harris, Amy Dacey, Dacey, Kenneth Mayer, Mayer, Glenn Youngkin, Harris, Mike Pence, he's, George McGovern, Thomas Eagleton of, Eagleton, McGovern Organizations: Service, Trump, Republican Party, Business, Democratic, Republican National Committees, Republican National Committee, Democratic National Committee, Sine Institute of Policy, American University, University of Wisconsin -, CNN, Punchbowl, Republican National Convention, Gov, Fox News Locations: Ohio, University of Wisconsin - Madison, Virginia, Thomas Eagleton of Missouri

☆ Watch CNBC’s full interview with Northwestern’s Brent Schutte and Fundstrat’s Mark Newton
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Northwestern’s Brent Schutte and Fundstrat’s Mark NewtonBrent Schutte, Northwestern Mutual Wealth Management CIO, and Mark Newton, Fundstrat head of technical research, join 'Power Lunch' to discuss the market sell-off, what sectors investors should be looking at, and more.

Persons: Northwestern’s Brent Schutte, Fundstrat’s Mark Newton Brent Schutte, Mark Newton, Fundstrat Organizations: Northwestern Mutual Wealth Management

☆ Stock market today: Stocks waffle after sell-off as traders mull tech weakness and GDP data
▼ + stars: | 2024-07-25 | by ( Max Adams | ) www.businessinsider.com time to read: +4 min

Second-quarter GDP data showed the economy grew at 2.8% in the second quarter, much more than expected. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Traders were assessing tech weakness and hotter-than-expected GDP data for the second quarter. Investors' top concern is slowing tech earnings growth after Tesla and Alphabet both reported disappointing results on Tuesday. Here's where US indexes stood shortly after the opening bell on Thursday:AdvertisementMeanwhile, investors are digesting second-quarter GDP data, which showed the US economy grew by 2.8%.

Persons: Stocks, —, Mike Owens, Dan Ives, Chris Zaccarelli, Brent Organizations: Nasdaq, Service, Traders, Investors, Federal Reserve, Saxo, Microsoft, Google, Apple, Securities, West Texas Locations: China, Here's

☆ Oil prices ease on concerns over weak China demand, Mideast ceasefire talks
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +2 min

Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel by 0129 GMT. This year, China's oil imports and refinery runs have trended lower than in 2023 on lower fuel demand amid sluggish economic growth, according to government data. "If Middle East ceasefire talks progresses, U.S. equities continue to slide, and China's economy remains sluggish, oil prices could fall to early June levels," said Satoru Yoshida, a commodity analyst with Rakuten Securities.

Persons: Hiroyuki Kikukawa, Kikukawa, Joe Biden, Benjamin Netanyahu, Satoru Yoshida Organizations: Brent, . West Texas, Energy Information Administration, NS, Nissan Securities, Hamas, U.S, Congress, Rakuten Securities Locations: China, Israel, Gaza, Egypt, Qatar

☆ Chinese banks cut deposit rates to relieve squeezed margins
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +2 min

Brent Lewin | Bloomberg | Getty ImagesFive of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending benchmarks to bolster stuttering economic growth. Industrial and Commercial Bank of China (ICBC) , Agricultural Bank of China , China Construction Bank , Bank of China and Bank of Communications cut deposit rates by 5 to 20 basis points, according to statements on their websites. It marks the first broad reduction in deposit rates by Chinese banks since December last year. Prior to that, Chinese lenders had broad cuts to deposit rates in late 2022, their first such move since 2015. ICBC cut its demand deposit rate by five basis points to 0.15% and one-year deposit rate by 10 basis points to 1.35%.

Persons: Brent Lewin, Nie Wen, Nie Organizations: Agricultural Bank of China Ltd, Bloomberg, Getty, Commercial Bank of China, Agricultural Bank of, China Construction Bank, Bank of China, Bank of Communications, Shanghai Hwabao Trust Locations: Guangdong, Guangzhou, Guangdong Province, China, Agricultural Bank of China, Shanghai

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. "At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable," wrote analyst Nik Modi. "However, with minimal upside to our revised $47 price target and a relatively 'balanced' risk-reward between our $28 bear case …. –Samantha Subin 5:54 a.m.: Wall Street stands by Alphabet, AI potential post-earnings Wall Street analysts remain bullish on the outlook for Alphabet , even after the stock fell on the back of its second-quarter results. His price target of $425, up from $320, implies upside of more than 28% from Tuesday's close.

Persons: Goldman Sachs, Lauder, Estee Lauder, Nik Modi, Modi, Estee, – Samantha Subin, Morgan Stanley downgrades, Morgan Stanley, Adam Jonas, Jonas, Samantha Subin, Dan Levy, Tesla, Michaeli, Bernstein's Toni Sacconaghi, Mark Delaney, GOOGL, Doug Anmuth, Justin Post, Eric Sheridan, Brent Thill, Sheridan, Fred Imbert Organizations: CNBC, Spotify, RBC, Markets, Motors, GM, General Motors, Tesla, Barclays, YouTube, Bank of America, Google, Jefferies Locations: China, 1H25, Tuesday's

☆ Alphabet could be in for a tough period ahead, analysts warn
▼ + stars: | 2024-07-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet investors may want to prepare for some volatility moving forward. However, shares fell about 5% as the company also reported lower-than-expected YouTube advertising revenue. On top of that, Alphabet highlighted plans to boost capital expenditures as it races to meet rising artificial intelligence demand. That is due in part to tough advertising comparisons amid the anniversary of a particular strong period for Asia and Pacific retailers. The move to 'future proof' business Some analysts and investors are reading the tea leaves with a positive tilt, however.

Persons: Ruth Porat, Sundar Pichai, Porat, Mark Shmulik, Brent Thill, Benjamin Black, Ross Sandler, Gene Munster, Goldman Sachs, Eric Sheridan, Bank of America's Justin Post, Truist's Youssef Squali, Citi's Ronald Josey Organizations: Jefferies, Deutsche Bank, Barclays, Bank of America's, DR Locations: Asia, Pacific

☆ Oil prices rise as U.S. crude and fuel inventories seen shrinking
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +1 min

Falling U.S. crude inventories caused oil prices to rebound on Wednesday after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb. U.S. crude oil, gasoline and distillate inventories fell last week, according to market sources citing the American Petroleum Institute, a trade organization. Gasoline inventories fell by 2.8 million barrels and distillates shed 1.5 million barrels. That would be the first time crude stocks in the United States fell for four weeks in a row since September 2023. Prices also suffered on continued concern that economic softening in China, which is the world's biggest crude importer, would weaken global oil demand.

Persons: pumpjack, WTI, Brent, Joe Biden Organizations: Brent, . West Texas, American Petroleum Institute, Hamas, U.S Locations: Bakersfield, Kern County , California, USA, United States, Israel, Egypt, Qatar, China

☆ What is Brat summer? How an ‘off-putting’ shade of green shaded the internet and beyond
▼ + stars: | 2024-07-23 | by ( Leah Dolan | ) edition.cnn.com time to read: +10 min

Now synonymous with British pop star Charli XCX’s chart-topping studio album, the cultural influence of “Brat” green knows no bounds. Last week, the official X account of the New York City Metropolitan Transportation Authority alerted commuters of train repairs using a “Brat” green graphic. Google even predicts searches for “Brat summer” will reach their maximum popularity this week. She recently noticed a colleague was inadvertently wearing Brat green during an art gallery board meeting. ‘What does this shade of green mean versus this shade of green?

Persons: chartreuse, Kyle McLachlan, Kamala Harris, Joe Biden, Charli XCX, “ kamala, Harris, Bratsummer, ”, Troye Sivan, Charli, Katja Ogrin, Sunita Yeomans, Yeoman, “, doesn’t, Greta Gerwig’s, Barbie, Diana, Pascal Le Segretain, Pierpaolo Piccioli, Greta Gerwig's, Stephanie Keith, Laurie Pressman, Pressman, Pier Paolo Piccioli, Valentino, Florence Pugh, Valentino Pink, ” Pressman, Rosso Valentino, Brent David Freaney, “ Charli, ” Freaney, ‘, ‘ Let’s, Stephanie, “ It’s, — Pressman, Bennett Raglin, Olivia Rodrgio, “ That’s, Yeomans Organizations: CNN, New, New York City Metropolitan Transportation Authority, Globe, President’s, Google, OVO, Wembley, London College of Communication, US, Pantone Locations: New York City, American, London, Europe, Freaney, New York, LA

☆ Embattled Secret Service director resigns after Trump assassination attempt
▼ + stars: | 2024-07-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Secret Service Director Kimberly Cheatle resigned on Tuesday. Cheatle called the assassination attempt on Donald Trump the agency's worst failure in decades. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSecret Service Director Kimberly Cheatle on Tuesday resigned after enduring days of criticism following an attempted assassination of former President Donald Trump. "In light of recent events, it is with a heavy heart that I have made the difficult decision to step down as your director."

Persons: Kimberly Cheatle, Cheatle, Donald Trump, — Organizations: Service, Associated Press, Business

Its price target implies more than 30% upside. Analyst Stephen Bersey also slashed his price target for the stock to $302 from $388. The financial firm reiterated its overweight on the technology titan and Magnificent Seven member and increased its price target to $485 from $465. The bank upgraded shares of the doughnut maker to buy from hold, while standing by its target price of $14. The bank upgraded the shoe company to overweight from equal weight and raised its price target to $80 from $60.

Persons: CrowdStrike, Morgan Stanley, Stephen Bersey, Bersey, Lisa Kailai Han, Piper Sandler, Brent Bracelin, Bracelin, — Lisa Kailai Han, Peter Christiansen, Christiansen, Sorabh Daga, McDonald's, Daga, Fred Imbert Organizations: CNBC, HSBC, HSBC downgrades CrowdStrike, Guggenheim, Microsoft, Microsoft Cloud, Citi Locations: CrowdStrike, U.S, Monday's

☆ Trump says he'll 'absolutely' debate Kamala Harris if she wins the Democratic nomination
▼ + stars: | 2024-07-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Donald Trump said that he wants to debate Vice President Kamala Harris. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump on Tuesday committed to debating Vice President Kamala Harris, teasing another potential major moment in the 2024 race. "I would be willing to do more than one debate, absolutely," Trump said on a press call, per NBC News. Trump said he "absolutely" wanted to debate the vice president.

Persons: Donald Trump, Kamala Harris, Harris, —, Trump Organizations: Democratic, Service, NBC, Business

☆ Kamala Harris might trigger Trump's biggest vulnerability
▼ + stars: | 2024-07-22 | by ( Brent D. Griffiths | ) 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. While she isn't yet his official opponent, Vice President Kamala Harris' mere presence could provoke such a reaction. Years later, Trump deeming former Secretary of State Hillary Clinton "a nasty woman" remains a badge of honor for Democrats. Trump's former foes have turned his attacks into rallying cries, a response that Harris and her allies are likely to use. "Sarah, you're smart, you're beautiful, you're tough, and they attack you because you're good at your job," Sanders said.

Persons: —, Donald Trump, Kamala Harris, Trump, Jeb Bush's, Marco Rubio's, Ron DeSantis, Megyn Kelly, Carly Fiorina, Fiorina, Hillary Clinton, Roy, E, Jean Carroll, Nikki Haley's, Michael, Haley, Harris, Alexandria Ocasio, Cortez, Ayanna Pressley, Rashida, Ilhan Omar, Omar, Mike Turner of, Biden, Hulk Hogan, Dana White, Sarah Huckabee Sanders, Sarah, Sanders Organizations: Service, Business, Trump, Fox News, Hewlett, Packard, GOP, Reps, Ayanna Pressley of Massachusetts, Republican, Twitter, Democratic, The New York Times, Convention, UFC, Arkansas Gov, White Locations: Cortez of New York, Ayanna Pressley of, Michigan, Somalia, Mike Turner of Ohio

☆ Opinion | Biden Should Have Treated Harris as a Future President
▼ + stars: | 2024-07-22 | by ( Brent Staples | ) www.nytimes.com time to read: +1 min

In just three and a half weeks, Kamala Harris has moved from the shadows to the forefront of the Democratic Party. At the time of the catastrophic debate that spelled the beginning of the end for President Biden, the vice president was still something of a maligned figure, standing in the president’s shadow. She redeemed herself with speeches like the one she delivered on July 10 at the Dallas convention of her sorority, Alpha Kappa Alpha, where she defended the administration’s record and laid out the approach she would take if she became the party’s nominee. He barely did a middling job of introducing her to the public and setting her up for success. Instead, his advisers diminished her by casting her as a placeholder.

Persons: Kamala Harris, Biden, Jonathan Chait, ”, “, Harris Organizations: Democratic Party, Alpha Kappa Alpha, New York, Democratic Locations: Dallas

☆ Oil prices rise as investors look for signs U.S. rate cuts to begin
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +1 min

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States. Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September. "Since the June FOMC meeting, inflation and labor market data have signaled that disinflation and labor market rebalancing are in place, which we expect will allow the Fed to begin its interest rate cutting cycle in September," ANZ Research said in a note. Slower-than-expected economic growth of 4.7% for China in the second quarter sparked concerns last week over the country's demand for oil and continues to weigh on prices. The 60-point document's publication follows last week's closed-door meeting of the Communist Party's Central Committee that takes place roughly every five years.

Persons: Phillips, Joe Biden, Kamala Harris, Republican Donald Trump Organizations: Brent, U.S . West Texas, Fed, ANZ Research, U.S . Federal Reserve, Market, Republican, Communist Party's Central Committee Locations: Linden , New Jersey, United States, U.S, China

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ 7 Democrats who could replace Biden as the 2024 presidential nominee
▼ + stars: | 2024-07-21 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Wes Moore of MarylandGov. Wes Moore is a combat veteran who served in Afghanistan. Wes Moore, an Army veteran who's also a Rhodes Scholar, was first elected to the governorship in 2022. He has touted low national unemployment numbers, not low national employment numbers. Editor's note: This article was first published in February 2024 and has been updated to reflect the events after the first 2024 presidential debate.

Persons: Wes Moore, JIM WATSON, who's, Moore, Biden, Harris, Joe Biden's Organizations: Maryland Gov, Getty, Army, Rhodes, Democratic Party . Correction Locations: Afghanistan

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