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CNN —President Joe Biden acknowledged to reporters Friday morning that he and Vice President Kamala Harris have spoken about her upcoming decision on a vice presidential running mate. Biden is a “big fan of Shapiro’s,” a senior adviser to the president told CNN. In January, Walz was among a group of Democratic elected officials that joined Biden at an infrastructure event in Superior, Wisconsin. Harris is in the final stages of choosing her running mate and is expected to meet with the top finalists – including Walz, Shapiro, Kelly, Kentucky Gov. Harris and her vice presidential pick will spend next week campaigning across the battleground states, starting with a Tuesday night rally in Philadelphia.
Persons: Joe Biden, Kamala Harris, I’ll, ” Biden, Biden, Harris, Josh Shapiro, , Shapiro, Tim Walz, Walz, “ Biden, chuckled, Arizona Sen, Mark Kelly, Harris ’, Gabby Giffords, Jaime Harrison, Kelly, Andy Beshear, Pete Buttigieg, JB Pritzker Organizations: CNN, Democratic, Pennsylvania, Minnesota Gov, Biden, Earth Rider, Arizona, Kentucky Gov, Illinois Gov Locations: Pennsylvania, , Superior , Wisconsin, Kentucky, Philadelphia
CNN —Vice President Kamala Harris has won enough votes from Democratic delegates to win the party’s nomination for president, Democratic National Committee Chair Jaime Harrison announced Friday. Delegates began casting virtual ballots for the nomination Thursday, a process that will continue until Monday evening. “I am honored to be the presumptive Democratic nominee for president of the United States,” said Harris, who joined the virtual event. It’s been clear since shortly after President Joe Biden ended his reelection campaign and endorsed Harris that the vice president would be the only serious candidate for the nomination. Though voting for the Democratic nomination began and will possibly conclude before Harris announces her running mate, party rules don’t require a separate vote to confirm the nominee for vice president.
Persons: Kamala Harris, Jaime Harrison, Harris, , , It’s, Joe Biden, Biden, Donald Trump’s, Tim Walz, Josh Shapiro, Arizona Sen, Mark Kelly, Andy Beshear, Pete Buttigieg, JB Pritzker, Samantha Waldenberg, Jamie Gangel Organizations: CNN, Democratic, Republican, Minnesota Gov, Kentucky Gov, Illinois Gov Locations: American, United States, Chicago, Iowa, Pennsylvania, Arizona, Kentucky, Philadelphia
Investors may way to consider buying the dip in Amazon , according to some Wall Street analysts. A 'bright spot' in AWS Despite Thursday's disappointing results, many Wall Street analysts are finding the positive in the company's Amazon Web Services division. Many expect this business to continue gaining steam, with Susquehanna Financial Group's Shyam Patil referring to this acceleration as a "bright spot" in the results. Evercore ISI's Mark Mahaney referred to accelerating AWS growth as one of "three fundamental catalysts" for the stock. Bank of America's Justin Post named the stock the firm's top large cap picks, citing the AWS acceleration and opportunity within artificial intelligence.
Persons: Deutsche Bank's Lee Horowitz, Deutsche Bank's Horowitz, Mark Shmulik, Shyam Patil, Patil, Morgan Stanley's Brian Nowak, Evercore, Mark Mahaney, Bank of America's Justin Post, We're, Doug Anmuth, Anmuth Organizations: Deutsche, Wall, Web Services, Susquehanna, Bank of America's
Then, it all fell apart when I learned he had three other girlfriends, all of whom thought they were exclusive with him. First, I told the three other women my ex had been seeing at the same time as me. We supported each other as we started to healHowever, I've got to say that my ex knew how to pick women. I'm not in a serious relationship, but I'm working on rebuilding my confidence and practicing self-compassion and love. Luckily, I have two new friends who can understand exactly what I'm going through.
Persons: Samantha Tsang, STDs, he'd, haven't, I've, they've, I'm Organizations: Service, Business
Stocks sold off Thursday, with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The 10-year Treasury yield broke below 4% for the first time since February in a sign that more investors were seeking safe-haven assets. That weak data comes a day after the Fed chose to keep rates at the highest levels in two decades. “The economic data keep rolling on in the direction of a downturn, if not recession, this morning,” said Chris Rupkey, chief economist at FWDBONDS, a financial market research company. The S&P 500 is still up about 14% for the year, coming off its eighth-positive month in the last nine in July.
Persons: Stocks, , Dow, Russell, Jerome Powell, , Chris Rupkey, JPMorgan Chase, Meta Organizations: Dow Jones, Nasdaq, Federal, Treasury, JPMorgan, Boeing, Meta, Nvidia Locations: U.S
CNN —Airlines would no longer be allowed to charge parents extra fees for their kids to be seated next to them under a new rule proposed by the Biden administration. White House officials say their “fee-free family seating” proposal could potentially save parents up to $200 per round trip flight. Today’s ban on family seating fees could save a family of four as much as $200 per round trip. “We’ll cap service fees on tickets to concerts and sporting events and make companies disclose all fees upfront. And we’ll prohibit airlines from charging up to $50 roundtrip for families just to sit together,” Biden said in 2023.
Persons: Biden, Pete Buttigieg, Buttigieg, Lael Brainard, , Joe Biden, Kamala Harris, Kevin McCarthy, Andrew Caballero, Reynolds, ” Biden Organizations: CNN — Airlines, White, National Economic, Chamber, U.S, Capitol, Getty, , Frontier, JetBlue, Department of Transportation’s, Airlines, America Locations: Washington ,, AFP, Alaska, American
iPhone sales are expected to reach $38.64 billion and decline more than 2% year over year as the company grapples with a stretch of stagnant growth. Long also echoed concerns the new iPhone won't be enough to fuel a "meaningful" upgrade cycle to support the premium. AI-fueled upgrade cycle Apple's September quarter is expected to include about a week of new iPhone sales. Wall Street will also keep a close watch on China sales following an 8% decline during the second quarter. "While Greater China sales remain sluggish, mainland China iPhone sales have been stronger than expected and we are encouraged by iPhone demand picking up in emerging markets," said Raymond James analyst Srini Pajjuri.
Persons: ISI's Amit Daryanani, Tim Long, Long, iPhones bottoming, Evercore, bode, Bernstein's Toni Sacconaghi, tailwinds, JPMorgan's Samik Chatterjee, Baird's William Power, Raymond James, Srini Pajjuri Organizations: Apple Intelligence, Barclays, Apple, Verizon, Huawei Locations: China
Apple reported fiscal third-quarter earnings of $1.40 per share while analysts polled by LSEG called for $1.35 per share. The company reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the third quarter. Revenue in its cloud division increased 19% in the second quarter, beating analysts' estimates, however. In the second quarter, revenue came in at $1.45 billion, slightly above estimates of $1.40 billion, according to LSEG. Gross bookings for the second quarter came in at $41.4 billion, missing consensus estimates of $41.73 billion, per StreetAccount.
Persons: LSEG, DoorDash, Coinbase, Roku, Clorox, Coterra, GoDaddy, FactSet, Gross, , Sarah Min, Yun Li, Samantha Subin, Tanaya Macheel, Darla Mercado Organizations: Apple Vision, Apple, Intel, Revenue, Management, LSEG, StreetAccount, Coterra Energy, Holdings Locations: Shanghai, China, LSEG .
However, it topped second-quarter revenue estimates and posted a narrower-than-expected loss for the quarter. Teladoc — The telehealth stock moved more than 4% lower after the company posted weaker-than-expected second-quarter revenue. Air Products and Chemicals — The industrial gases company's stock surged more than 10% after beating Wall Street's earnings expectations. MGM Resorts — The stock declined nearly 14% despite the casino operator surpassing second-quarter earnings expectations. Crocs — The stock shares fell about 2% even though the company surpassed second-quarter earnings and revenue expectations.
Persons: Shack, C.H, Robinson, Teladoc, LSEG, Royce —, Royce, Wall, Meta, Carvana, Crocs, Akash Palkhiwala, , Samantha Subin, Yun Li, Michelle Fox Organizations: LSEG, Moderna, Royce, Air Products, Chemicals, Meta, MGM Resorts, MGM, Arm, Holdings, Qualcomm Locations: LSEG ., U.S
Stock futures rose in overnight trading Wednesday as investors weighed the latest corporate earnings reports, including strong results from Meta Platforms. S&P 500 futures gained 0.4%, while Nasdaq-100 futures jumped 0.6%. Futures tied to the Dow Jones Industrial Average added 30 points, or 0.1%. In extended trading, Meta Platforms rallied 7% on stronger-than-expected second quarter results and upbeat guidance. Stocks are coming off a winning session that saw the S&P 500 rally 1.58% for its best day since February.
Persons: Jerome Powell, Powell, Chris Zaccarelli Organizations: New York Stock Exchange, Stock, Meta, Nasdaq, Dow Jones, Meta Platforms, Arm Holdings, Federal Reserve, Independent, Alliance, Nvidia, Devices, VanEck Semiconductor, Apple, Dow, Intel, Booking Holdings, Moderna
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Meta Platforms topped revenue and earnings expectations for the recent quarter, posting earnings of $5.16 per share on $39.07 billion in revenue. Qualcomm posted adjusted earnings of $2.33 per share on $9.39 billion in adjusted revenue. Arm forecast adjusted earnings ranging between 23 cents and 27 cents per share for the fiscal second quarter , while analysts called for 27 cents, per LSEG. Kyndryl Holdings posted revenue of $3.74 billion, falling short of the $3.79 billion expected by analysts surveyed by LSEG. Adjusted earnings topped estimates, while revenue came up short of the $4.53 billion expected by analysts polled by LSEG.
Persons: Teladoc, LSEG, Etsy, Lam, C.H, Robinson, , Alex Harring, Lisa Han, Jesse Pound, Darla Mercado Organizations: Qualcomm, Arm Holdings, Revenue, Cheesecake Factory, eBay, EBay, Western Digital, Lam Research, MGM Resorts, LSEG, Holdings, IBM, Kyndryl Holdings Locations: FactSet
Inspired Capital co-founders Lucy Deland (left), Alexa von Tobel (center), and Mark Batsiyan (right) speak to portfolio companies at the firm's annual founder dinner in June 2024. Born and raised in Jacksonville, Florida, von Tobel attended Harvard University, where she graduated with a degree in psychology. AdvertisementInspired Capital co-founders Alexa von Tobel and Penny Pritzker. Inspired Capital founding partners Mark Batsiyan, Lucy Deland, Alexa von Tobel, and Penny Pritzker. Although von Tobel was on vacation outside the country, she stepped away from a fancy dinner to take McNulty Rojas's call and brainstorm solutions.
Persons: Alexa von Tobel, she's, Lucy Deland, Mark Batsiyan, It's, von Tobel, Capital's, who's, Zuckerburg, I've, Morgan Stanley, , LearnVest, Batsiyan, Alexa, they'd, von Tobel's, Penny Pritzker, Obama, Brynne McNulty Rojas, — von Tobel, McNulty Rojas, Habi, Tobel, Von, Deland, it's, von, McNulty, hasn't, guac, She's, Benjamin Vandiver, Ivan Zhao, Lindsey Vonn Organizations: Flatiron, Business, New York VC, Harvard University, Facebook, Harvard Business School, Accel Partners, American Express Ventures, Northwest Mutual, LearnVest, Ventures, Northwest, Capital, Harvard, of Commerce, America Fund, Tiger Global Management, II, Alexa, Inc, Magazine, Winder, New York Locations: Jacksonville , Florida, New York, Deland, Miami, Latin America, York
The central bank is keeping a close eye on the labor market and staying vigilant for signs of a potentially sharp downturn, Fed Chair Jerome Powell said. "We're watching really carefully for that," he said during Wednesday's press conference. "We're aware of that role, which …. I would call it a statistical thing that has happened through history." At this point, low unemployment and a low level of layoffs suggest a "normalizing labor market," the Fed chair noted.
Persons: Jerome Powell, — Samantha Subin
More important to Wall Street is the company's capital expenditures — or spending — as investors are demanding to see clear signs that hefty investments in AI are beginning to pay off . META 1M mountain Meta shares this month The intensified attention toward AI spending comes on the heels of Alphabet's quarterly print and during a "make-or-break" week with earnings from four tech behemoths. While Alphabet topped Wall Street estimates, its rising expenses spurred a sell-off across the sector. But Beck also sees Meta shares going higher as he raised his price target to $600. An uptick in advertising Wall Street is also keeping an eye on advertising figures this quarter, with Nowak viewing Meta as best situated to weather any uncertainty.
Persons: Wolfe Research's, Khajuria, Morgan Stanley, Brian Nowak, capex, Raymond James, Josh Beck, Beck, Wells, Ken Gawrelski, Nowak, Mark Shmulik, Deutsche Bank's Benjamin Black, bode, America's Justin Post Organizations: Meta, StreetAccount, Deutsche, America's, ~$ Locations: Paris
Match Group — Shares of the Tinder dating app owner moved 13% higher after the company posted second-quarter revenue of $864 million. That is above the $856.5 million estimate that analysts polled by FactSet had expected. Revenue, however, came in below expectations at $6.48 billion, compared to the $6.55 billion analysts polled by FactSet had expected. Marriott reported $6.44 billion, which was below the $6.47 billion analysts polled by FactSet had expected. Bunge — The food stock moved nearly 8% lower after the company posted second-quarter results that missed analysts' expectations.
Persons: Vistra, FactSet, LSEG, Dan Dolev, AutoNation, Kraft Heinz —, Bunge, Robert " Kelly, Ortberg, Dave Calhoun, Rockwell Collins, , Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: FactSet, Nuclear Regulatory Commission, Nuclear, AMD, Nvidia, Qualcomm, Arista Networks, Mizuho, DuPont de Nemours, DuPont, Humana, Starbucks, LSEG, Marriott, Constellation Energy, Constellation, Boeing, Rockwell, Collins Aerospace Locations: Texas, Japan, Korea, Tuesday's
Advanced Micro Devices — Shares popped nearly 9% after the chipmaker's earnings and revenue beat analyst estimates postmarket Tuesday. AMD reported adjusted earnings of 69 cents per share versus 68 cents expected from analysts polled by LSEG. Live Nation Entertainment — The entertainment stock was little changed after posting second-quarter revenue that matched expectations. But revenue of $6.48 billion was below the $6.55 billion analysts had expected, according to FactSet. Marriott International — The hotel chain slipped 4% after posting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by analysts polled by FactSet.
Persons: DuPont, LSEG, Pinterest, FactSet, Dan Dolev, Kelly Ortberg, Dave Calhoun, AutoNation, StreetAccount, Kraft Heinz —, Greg Heckman, , Brian Evans, Michelle Fox, Fred Imbert, Spencer Kimball, Tanaya Macheel, Jesse Pound, Samantha Subin Organizations: DuPont, Intel, Bloomberg, Microsoft, AMD, LSEG, Revenue, Nvidia, ASML, Arista Networks, Arista, Starbucks, Mizuho, Boeing, Collins Aerospace, Entertainment, Humana, Marriott, FactSet, Mobile, Nuclear Regulatory Commission, Nuclear, Constellation Energy, Constellation, Bunge Locations: Tuesday's, FactSet, Texas, U.S
Check out the companies making headlines in midday trading: JetBlue — The airline soared almost 20% after reporting second-quarter earnings that beat analysts' expectations . The Phoenix-based grocery chain also raised its full-year earnings guidance, forecasting revenue rising between 9% and 10%, compared to analysts' 8.2% consensus growth estimate. Revenue of $695 million was higher than the $686 million analysts has estimated. Lattice Semiconductor — Shares pulled back 8.5% after second-quarter earnings and current-quarter revenue guidance came in below expectations. Howmet Aerospace — The aerospace manufacturer rallied 14% after second-quarter earnings and revenue beat Wall Street estimates.
Persons: Varonis, Woodward, FactSet, LSEG, Howmet, Corning, Gamble —, Stanley Black, Decker, , Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: JetBlue —, New, Revenue, Systems, FactSet, Inc, , Technology, Semiconductor, Bank of America, CNBC, Delta Air Lines, Microsoft, Merck, Howmet Aerospace, Wall, PayPal, LSEG, Procter, Technologies Locations: New York City, LSEG, New Jersey, Cincinnati, Connecticut
The Roundhill Magnificent Seven ETF (MAGS) currently sits 11% off its highs. MAGS YTD mountain Magnificent Seven ETF performance This backdrop sets the tone for a "make or break week" coinciding with the Federal Reserve's July rate decision Wednesday, according to Wolfe Research's Chris Senyek. Now, more than 18 months after the launch of groundbreaking ChatGPT, Wall Street wants results. Some Wall Street analysts believe strong quarterly results may not be enough to reverse the pullback in tech shares. "My gut is that the tech earnings are going to come in better than people expect."
Persons: Morgan, Roundhill, Wolfe, Chris Senyek, Jay Woods, Sundar Pichai, Deutsche Bank's David Folkerts, Baird's Ted Mortonson, Senyek, Rowe Price, Dominic Rizzo, CNBC's Organizations: Nasdaq, Federal, Microsoft, Meta, Apple, Freedom Capital, Deutsche, Tech, Fed, Trump
In its first major ad blitz targeting Harris, the Trump campaign is zeroing in on her immigration record in ads running across several key battleground states. It’s a sign that the former president has settled on a longstanding GOP line of attack against the vice president, after grappling with the abrupt change atop the Democratic ticket. It’s part of what the Harris campaign said will be a $50 million blitz in the run-up to next month’s Democratic National Convention – fueled, in part, by the record-breaking fundraising the Harris campaign has seen since Biden’s departure from the race and endorsement of her candidacy a little more than a week ago. During an influx of unaccompanied migrant children, Biden tasked the vice president with overseeing diplomatic efforts in Central America. “Donald Trump wants to take our country backward,” Harris can be heard saying in the ad.
Persons: Donald Trump, Kamala Harris, Harris, Trump, , Joe Biden’s, Biden, Central America –, , she’s, , Ammar Moussa, that’s, “ Donald Trump, ” Harris, Jen O’Malley Dillon Organizations: CNN, Democratic, California –, Convention, Republicans, Trump, NBC, Department of Homeland Security, Wisconsin – Locations: Bay, California, Mexico, Central America, Europe, Arizona, Georgia, Michigan, Nevada , Pennsylvania, Wisconsin, AdImpact, Atlanta
Read previewWhen Christina Hall celebrated her marriage to Josh Hall in September 2022, she said she was more certain than ever her life was on track. In a deleted Instagram post, Christina wrote, "Everything in life has led me to where I am right now, which is exactly where I want to be." Josh Hall and Christina Hall in July 2023. AdvertisementChristina Hall, Josh Hall, and her children in January 2023. "I didn't block him — and I didn't see any missed calls or texts the next day," Christina wrote in her story.
Persons: , Christina Hall, Josh Hall, Christina, Josh, Tarek El Moussa, — Taylor, Ant Anstead, Hudson, Matt Winkelmeyer, Josh's, we're, I'm, Tarek, Heather Rae El Moussa, Jon Kopaloff, David Buchan, Angelou, Christina Vs, Def, Candace Owens, Amber Rose, Heather Organizations: Service, Business, HGTV, US, Hollywood, BI, Instagram, Unbroken Productions, Newport Beach, Feld Entertainment, Newport, Variety, Penske Media, Getty, Superior, TMZ Locations: Mexico, Haack, Newport Beach , California, Maui, Hawaii, Tennessee, Dana Point , California, Orange County
There are a number of clever items you could add to your carry-on to make your journey smoother. Business Insider's reporters' carry-on essentials could make all the difference on your next flight. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But there are ways to navigate these travel hurdles and challenges, especially if you bring a carry-on that's efficiently packed. To help, Business Insider's travel reporters are sharing their carry-on essentials to make your next trip to the airport the best one yet.
Persons: Organizations: Service, Business
CNN —On summer mornings, local kids like to gather at Padaro Beach in California to learn to surf in gentle whitewater waves. Human vs. AI shark detectionA rise in the popularity of drones, and the proliferation of social media, may make it seem like sharks are everywhere. Although there hasn’t been a fatal attack recorded at Padaro Beach, some community members were concerned when sharks began loitering there. SharkEye's drone pilot, Samantha Mladjov, at Padaro Beach in California. Officials in Honolulu said this month that they’re considering launching a drone shark surveillance program, according to local media.
Persons: SharkEye, ” Neil Nathan, BOSL, hasn’t, Nathan, Samantha Mladjov, Science Laboratory Nathan, , Organizations: CNN, University of California Santa, Science Laboratory, Science, Stanford University, Florida Museum, Natural, New, Officials, “ Sharks Locations: Padaro, California, New York, Sydney, Padaro Beach, Santa Barbara, India, Australia, Queensland, Mexico, Caribbean, New South Wales, Bondi, Honolulu, Hawaii
Paris CNN —The rain that drenched Friday’s opening ceremony may have moved out of Paris, but its effects are still being felt in the River Seine, with water quality concerns throwing the triathlon competition into uncertainty. Training was canceled for a second straight day on Monday after water quality testing deemed the water unsafe for athletes. “Given the weather forecast for the next 36 hours, Paris 2024 and World Triathlon are confident that water quality will return to below limits before the start of the triathlon competitions on July 30,” a joint statement from Paris 2024 and World Triathlon said. But the water quality can change fast. That’s double the level needed for “good” water quality, as per World Triathlon standards.
Persons: , , Paris Mayor Anne Hidalgo, , Saskya Vandoorne, Billy Stockwell, Julen Chavin, Amy Woodyatt, Joseph Ataman, Samantha Tapfumaneyi Organizations: Paris CNN, Training, Games, Paris, Paris Mayor, CNN, CFU, Palais Locations: Paris, Seine, Meteo, France, Austerlitz, Alexandra
Revvity — The life sciences company advanced 6% after posting a second-quarter earnings beat. Revvity's adjusted earnings of $1.22 per share topped the FactSet estimate of $1.12 per share. The new Marvel movie topped $200 million at the domestic box office, a record opening weekend for an R-rated film. Second-quarter adjusted earnings per share came in at 96 cents, versus the expected consensus estimate of 92 cents, per FactSet. The stock plunged more than 40% in the previous session after Dexcom reported disappointing second-quarter results and offered weak guidance.
Persons: Tesla, Morgan Stanley, Adam Jonas, Walt Disney, Dexcom, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: Management, Guggenheim, Ford, Deutsche Bank, Walt Disney —, Marvel, Semiconductor —, Revenue, Dexcom, Health Canada
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