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☆ Stock futures are little changed as Wall Street looks to shake off Thursday's market slide
▼ + stars: | 2024-07-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures were quiet on Thursday evening as Wall Street looked to stabilize after a slide for equities. S&P 500 futures ticked up 0.2%, while Nasdaq 100 futures added 0.3%. The S&P 500 and Nasdaq Composite fell 0.78% and 0.70%, respectively. The S&P 500 and Nasdaq Composite are down 1.26% and 2.87%, respectively, heading into Friday. That divergence has been encouraging to some Wall Street pros who had worried that the market rally was becoming too dependent on a handful of massive tech stocks.

Persons: Dow, Julian Emanuel, we've, we're, Donald Trump, Joe Biden Organizations: Dow Jones, Nasdaq, Investors, Express, Travelers, Comerica, Fifth, Republican National Convention

☆ French Parliament to Test New Power Balance for First Time
▼ + stars: | 2024-07-18 | by ( Emma Bubola | ) www.nytimes.com time to read: +1 min

French lawmakers prepared to elect the president of the National Assembly on Thursday, in a vote seen as a test of the power balances between the country’s political forces and as a potential indicator of the direction any new government would take. The gathering of the Assembly, the lower house of Parliament, was its first since no party gained an outright majority in the second round of a snap election on July 7. It was unclear which political force the new president of the Assembly would emerge from. The president of the National Assembly does not have executive powers, but this election could mark the emergence of a majority, even if not an absolute one, that could weigh on President Emmanuel Macron’s choice of the next prime minister. In Paris on Wednesday at the National Assembly, its neoclassical portico decorated with colorful Olympic statues as the city prepares to host the games, lawmakers engaged in frantic negotiations and projections.

Persons: Emmanuel Macron’s Organizations: National Assembly, Wednesday Locations: Paris

☆ Amazon Prime Day drives U.S. online sales to record $14.2 billion
▼ + stars: | 2024-07-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Online spending in the U.S. surged 11% year over year to $14.2 billion during Amazon 's 48-hour Prime Day event, topping estimates and setting a new record, according to Adobe Analytics. Amazon's Prime Day event, which ran Tuesday and Wednesday, has become a big revenue driver for other retailers, which often hold competing sales timed around Prime Day. Amazon said Thursday it also saw "record-breaking" Prime Day revenue, though it didn't disclose total sales from the event. WATCH: Prime Day is a big marketing event for Amazon

Persons: Amazon, Rufus, Amanda Schoenbauer Organizations: Amazon, Adobe Analytics, Adobe, Shoppers Locations: New York, U.S

Some of the best iPhone 15 cases and best iPhone 15 screen protectors we've tested are on sale for the lowest prices we've seen, like the OtterBox Defender XT case (47% off) and the Zagg Glass Plus screen protector (37% off). Top 3 iPhone 15 case and screen protector dealsThe best Amazon Prime Day iPhone 15 and iPhone 15 Plus case and screen protector dealsWe're seeing great deals on a range of top iPhone 15 and 15 Plus cases, including 47% off the Otterbox Symmetry case for the iPhone 15. View at AmazonThe best Amazon Prime Day iPhone 15 Pro case and screen protector dealsThere are some superb deals on cases and screen protectors for the iPhone 15 Pro and iPhone 15 Pro Max, like 52% off a stylish Kate Spade case, and 29% off the Zagg Glass Elite Screen Protector. The best iPhone 15 Pro Max cases protect your phone against whatever your lifestyle throws at it. One of our favorites, the OtterBox Symmetry Series for iPhone 15 Pro Max, is almost 50% off this Prime Day.

Persons: we've, you'll, it's, MagSafe, Max, Kate Spade, It's Organizations: Business, OtterBox, Apple, Amazon Prime Locations: OtterBox, PopSockets, kickstand, York

☆ This is a healthy brain on psilocybin
▼ + stars: | 2024-07-17 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

It wasn’t until his brain morphed into a computer, however, that he knew for sure he was on a psychedelic trip. “We found that psilocybin desynchronizes the brain,” said co-senior author Ginger Nichols of the study published Wednesday in the journal Nature. “When psilocybin is on board, the brain is disconnecting from its typical pathways and reconnecting to different parts of the brain,” said Nichols, an associate professor of psychiatry at Washington University School of Medicine in St. Louis. “Science doesn’t fully understand the brain yet, but I felt as if I suddenly knew exactly how the brain works. Sara Moser/Washington University School of MedicineA window for changeScans showed that in the days after the psilocybin trip, most brain networks returned to normal.

Persons: Dr, Nico Dosenbach wasn’t, he’d, it’s, ”, Dosenbach, St . Louis, “, ” Dosenbach, Ginger Nichols, Nichols, ” Nichols, psychotherapists, Petros Petridis, ” Petridis, Sara Moser Organizations: CNN, Washington University School of Medicine, US Food and Drug Administration, NYU Langone Center, Psychedelic Medicine, Washington University School of Locations: “, St ., Oregon, New York City, reconnection

☆ The CEO of Cerebras, which could go public soon, takes on Nvidia in a David and Goliath battle for AI chip supremacy
▼ + stars: | 2024-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Few would envy the task of competing against market leader Nvidia, which has between 70% and 90% market share, according to Mizuho Securities. Still, Nvidia gets most of the hype — and the revenue. Though the company will not confirm it, The Information reported last month that Cerebras has confidentially filed for an IPO. Still, Feldman expects that even consumer-directed AI models will grow larger, and larger models need faster chips. Competing with that mindshare is an uphill battle as Nvidia faces more competition and goes on defense.

Persons: —, Andrew Feldman, I'm, Feldman, Cerebras, David, He's, Cerebras's, Ramsey Cardy Cerebras, Susan Organizations: Service, Palo, Nvidia, Mizuho Securities, Business, Big Tech, Intel, Google, AMD, GSK, AstraZeneca, IBM, Eclipse Ventures Locations: California, Palo Alto , California, It's

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Persons: haven't, they're, Apple, We're, Siri, we'll, doesn't, Amazon Nathan James Hugo Wood Nightstand, Nathan James, we've, Dyson, you've, it's, fryer, Bose Organizations: Business, Echo, Amazon, Apple, Amazon Apple, Apple Health, Amazon Prime, Olympics, Sony, LG, Samsung, Dolby, Amazon Samsung, lounging, Amazon Philips, Philips, Bose, Amazon Sony WH

☆ Wendy's CEO got ripped for pushing dynamic pricing. It could be coming to a store near you.
▼ + stars: | 2024-07-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

With digital price tags, big retailers, in theory, could do the same. Federal Reserve Chair Jerome Powell has said that type of dynamic pricing is "incredibly important in our economy." AdvertisementSome experts agree, saying dynamic pricing practices could benefit consumers who are able to gain some understanding of the system and shop around. After customers complained online that those changes would surge prices, a spokesperson announced the company did not intend to implement surge pricing. How does dynamic pricing impact you?

Persons: There's, Uber, it's, Greg Cathey, Elizabeth Pancotti, Pancotti, Jerome Powell, Powell, John Zhang, Wendy's, Sen, Sherrod Brown, Zhang, — Organizations: Service, Walmart, Business, Roosevelt Institute, Federal, Wharton School, University of Pennsylvania, Democratic, SNAP

☆ A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'
▼ + stars: | 2024-07-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

He works two or three days a week at a Walmart warehouse and cashes his monthly Social Security check, which he said is enough to finance his "simple" lifestyle. AdvertisementHe lives in Finleyville, Pennsylvania, a town 45 minutes south of Pittsburgh and receives $1,022 a month in Social Security, according to documents viewed by BI. Some are living paycheck to paycheck on Social Security, which could start shrinking by 2030 . The paychecks help supplement this Social Security income, and he said the job keeps him active and social. Are you an older adult living on Social Security?

Persons: —, George Dziamniski, frugally, Dziamniski, doesn't Organizations: Service, Walmart, Social Security, Business, BI, Northwestern Mutual, Survey, SNAP, Medicare Locations: Finleyville , Pennsylvania, Pittsburgh, Finleyville

☆ Travel news: Pan Am will return to the skies in 2025
▼ + stars: | 2024-07-13 | by ( Lilit Marcus | ) edition.cnn.com time to read: +4 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. Now, there’s a chance to fly Pan Am again, provided you have deep pockets. Pan Am Brands, which owns the former airline’s licensing rights, will fly a special Pan Am-branded private jet on a 12-day trip from New York City in June 2025. But if you’d rather get out of the city, there’s no shortage of great things to do. Video Ad Feedback Here’s where you can snowshoe, hike an island, blow glass and shuck oysters – all in the same day 02:00 - Source: CNNAmerican spotlight: TacomaCNN Travel recently unveiled its top 10 best towns to visit for 2024.

Persons: there’s, Pan, Benoit Tessier, Roland Garros, CNN’s Richard Quest, Michel, Anthony Bourdain, Frank Herbert, Dale Chihuly, It’s, Lorena Sopêna, Silvio Berlusconi, Silkworm Organizations: CNN, France, Am Brands, Reuters, UNESCO, Saint, Pacific, Tacoma CNN Travel, Tacoma, Rainier, Europa Press, Locals Locations: Pacific Northwest, New York City, Bermuda, Lisbon, Marseille, London, Foynes, Ireland, Pan, Paris, France, of, Europe, Polynesia, Tacoma , Washington, Grit, ”, Barcelona, Spain, Swiss, Lauterbrunnen, Venice, Notting Hill, Milan, Harbin, China

☆ What if the A.I. Boosters Are Wrong?
▼ + stars: | 2024-07-13 | by ( Bernhard Warner | Sarah Kessler | ) www.nytimes.com time to read: +1 min

would contribute only “modest” improvement to worker productivity, and that it would add no more than 1 percent to U.S. economic output over the next decade. That pales in comparison to estimates by Goldman Sachs economists, who predicted last year that generative A.I. The bullish camp has great hopes for A.I. Sam Altman of the ChatGPT maker OpenAI sees A.I. of Nvidia, the dominant maker of the chips used to power A.I., says the technology has ushered in “the next industrial revolution.”

Persons: Daron Acemoglu, Acemoglu, Goldman Sachs, Sam Altman, OpenAI, Jensen Huang, ” Organizations: A.I, Nvidia Locations: O.E.C.D

☆ Here are 5 key things we're watching closely in the stock market this week
▼ + stars: | 2024-07-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Three of our Club rate plays — solar panel company Nextracker , Stanley Black & Decker , and Ford — were our top-performing stocks for the week. Friday also ushered in the start of the second quarter earnings season. Earnings Club name Morgan Stanley reports second-quarter earnings before Tuesday's opening bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Nextracker, Stanley Black, Decker, Ford —, Wells Fargo, Morgan Stanley, Abbott, Goldman Sachs, Charles Schwab, JB Hunt, Johnson, Ally, Kinder Morgan, Horton, Huntington, Jim Cramer's, Jim Cramer, Jim, Ted Pick, Adam Galici Organizations: Dow Jones, Nasdaq, Big Tech, PPI, Abbott Laboratories, Libre Rio, Bank of America, PNC Financial, PNC, Pinnacle Financial, Housing, U.S . Bancorp, Northern Trust Corporation, Citizens, United Airlines, Alcoa, Steel Dynamics, Green Realty, Taiwan Semiconductor, Nokia, Infosys Technologies, McLennan Companies, T Bank Corp, Forestar, Novartis, Textron, Netflix, PPG Industries, AAR, American Express, Fifth Third Bancorp, Halliburton, HAL, Comerica, CMA, Financial, Jim Cramer's Charitable, CNBC Locations: Wells, BlackRock, BLK, U.S, Marsh, Davos, Switzerland

☆ Ron Insana: Look to the U.S. for economic resilience and continued global stock market leadership
▼ + stars: | 2024-07-13 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. The S&P 500 is up nearly 18% in 2024, while the Nasdaq Composite is up 22% in that same time frame. Americans have often been accused, especially by those living abroad, of having a rather narrow view of the world. But President Xi Jinping's "party over prosperity" political model continues to dampen enthusiasm among both foreign investors and domestic consumers. There may be a day that that becomes true and other economies and markets may prove more alluring, but that day has yet to come.

Persons: it's, Xi Jinping's, It's, Dorothy Gale of, Ron Insana Organizations: New York Stock Exchange, Nasdaq, U.S, National Institution for Finance, Development, Monetary Fund, Overseas, Treasurys, U.S ., CNBC Locations: New York City, U.S, Japan, Argentina, Turkey, China, Shanghai, Italy, Spain, America, Dorothy Gale of Kansas

☆ Exclusive: Britain’s Starmer says Biden ‘in good form’ in private talks, reaffirms ‘unshakable support’ for NATO
▼ + stars: | 2024-07-12 | by ( Christian Edwards | ) edition.cnn.com time to read: +7 min

Keir Starmer, Britain’s newest leader, wants to force lawmakers in the country’s upper chamber to step down at the same age. Does this mean he thinks octogenarians like President Joe Biden should step back from politics? Starmer said the talks were “a really good opportunity” for him to “speak to the president about the special relationship” between their two countries. He said Biden “deserves credit” for presiding over a summit that Ukrainian President Volodymyr Zelensky has called a success. “I took over the Labour Party four and a half years ago.

Persons: Winston Churchill, Keir Starmer, Joe Biden, ” Starmer, CNN’s Jake Tapper, Starmer, King Charles III, Biden, “, Tapper, ”, Biden “, Volodymyr Zelensky, Putin, Kamala Harris “, Trump ”, We’ve, Emmanuel Macron, David Lammy, Lammy, Donald Trump –, CNN Tacking, Britain’s, Jeremy Corbyn, We’d, ’ ” Starmer, ‘, we’ve, ’ ” Organizations: CNN, it’s, NATO, Conservative Party, Labour, Trump, BBC, Labour Party, Conservative, European Union Locations: America, Washington, United Kingdom, Ukraine, Russia, Britain, NATO

☆ The Election Muddle Aside, Investing Has Been a Snap Lately
▼ + stars: | 2024-07-12 | by ( Jeff Sommer | ) www.nytimes.com time to read: 1 min

Midyear is a good time to assess investing strategy, looking back at where the markets have been and ahead at prospects for the second half. Looking back at returns over the last six to 12 months will be enjoyable for many people because the stock market, the main engine for most investment portfolios, has performed splendidly. But with American politics in a muddle, any market outlook for the second half of the year is a leap into the unknown. Fortunately, when I put on my investing hat, I try to ignore market forecasts and politics. Academic research suggests that sticking to a long-term plan using broad, low-cost index funds that track the world’s stock and bond markets makes sense for most people, most of the time.

☆ Macron breaks his silence on France's election earthquake as post-vote deadlock continues
▼ + stars: | 2024-07-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

French President Emmanuel Macron broke his silence on the political earthquake that took place in France last weekend, calling on mainstream parties to work together to form a coalition government. In an open letter to regional newspapers on Wednesday, Macron said "no one won" the parliamentary election and called on mainstream parties with "republican values" to form a governing alliance. With just 180 seats, the NFP fell short of achieving an absolute majority of 289 in the 577-seat National Assembly, France's lower house of parliament. Macron's centrist 'Together' bloc came second in the ballot with 163 seats, and RN and its allies won 143 seats. They can reject the nomination of a party, if it's not seen to have enough seats to form a stable government.

Persons: Emmanuel Macron, Macron, France's, That's, Luc Mélenchon —, it's Organizations: CNBC, Front, NFP, National Assembly, French Communist Party, Socialist Party, Greens, France Unbowed Locations: France, Le Touquet

☆ Your bank is about to reveal key information about the US economy’s health
▼ + stars: | 2024-07-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dave Sekera, chief US market strategist at Morningstar, says that he’s watching for insights on banks’ delinquency rates. Consumers have increasingly fallen behind on or missed payments in recent months as they get squeezed by high interest rates. But banks could see higher losses compared to 2023 if the economy were to experience a downturn, the Fed warned. Investors are wagering that the central bank will begin easing rates as soon as September, according to the CME FedWatch Tool. “The worst outcome for all of us is what you call stagflation: higher rates and recession,” Dimon said in an interview with CNBC.

Persons: Wells Fargo, Goldman Sachs, Dave Sekera, Stocks, JPMorgan Chase, Jamie Dimon, Dimon, Matt Egan, it’s, ”, Joe Brusuelas, Mark Zandi, ” Zandi, “, Jerome Powell, Erika Tulfo, “ It’s, Neil Saunders, Abrigo, Gen Organizations: CNN Business, Bell, New York CNN, United, United States ’, JPMorgan Chase, Citigroup, Bank of America, Morningstar, Federal Reserve Bank of New, Fed, Federal Deposit Insurance Corporation, JPMorgan, CNBC, Federal, RSM, “, Moody’s, CNN, GlobalData, Apple Locations: New York, United States, Federal Reserve Bank of New York, China

☆ France’s Emmanuel Macron urges new mainstream coalition, appearing to rule out working with the far left
▼ + stars: | 2024-07-11 | by ( Christian Edwards | ) edition.cnn.com time to read: +4 min

Macron said it was “in light of these principles” that he will decide on the appointment of France’s next prime minister. The NFP won 182 seats in the National Assembly, making it the largest group in the 577-seat parliament. In a victory speech Sunday evening near Stalingrad Square in Paris, he said Macron “has the duty” to ask the NFP to form a government. Jean-Luc Mélenchon (right), leader of the far-left France Unbowed party, celebrates the second-round results at a rally in Paris, July 7, 2024. French Prime Minister Gabriel Attal’s offer to resign was on Monday rejected by Macron, leaving him in place in a caretaker role until the new government is formed.

Persons: Emmanuel Macron, Macron, Marine Le, ”, France’s, Jean, Luc Mélenchon, France Unbowed, Mélenchon, Macron “, Thomas Padilla, Gabriel Attal’s, ” Macron Organizations: CNN, National Assembly, Marine, Front, NFP, Ensemble, France Unbowed, Socialist, AP, Macron, Olympic Locations: gridlock, Sunday’s, France, Stalingrad, Paris, Italy, Germany

☆ Election Setbacks Leave France’s Far Right at a Crossroads
▼ + stars: | 2024-07-11 | by ( Constant Méheut | ) www.nytimes.com time to read: +1 min

Jordan Bardella, the president of the far-right National Rally, greeted his party’s 125 newly elected lawmakers on Wednesday morning with a few congratulations — and a lot of warnings. “You are a source of pride for millions of French people,” Mr. Bardella told the lawmakers after they entered the National Assembly, France’s lower house of Parliament, to take their seats. One candidate was pulled from the race after a photograph of her wearing a Nazi cap appeared on social media. Several National Rally leaders and analysts said the controversies played a role in the party’s third place finish after it had been widely expected to win. The disappointing election results have now placed the National Rally at a crossroads as it looks toward presidential elections in 2027.

Persons: Jordan Bardella, —, Mr, Bardella Organizations: National Assembly, Kremlin, National Rally Locations: France’s

☆ 'Blowout' in French borrowing costs still to come amid economic deadlock, veteran investor says
▼ + stars: | 2024-07-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

watch nowFrench borrowing costs still face a "blowout" over those of Germany, as political and economic reality sets in following the country's parliamentary election, according to veteran investor David Roche. Bond yields move inversely to prices and represent the change in borrowing costs for a government — also indicating long-term investor confidence in the economy. Now, my view is that it will happen," Roche told CNBC's "Squawk Box Europe" on Tuesday. watch nowAlong with economic growth prospects, a key watch-point for investors is France's hefty budget deficit and high debt-to-GDP ratio of 110%. There are about seven major pillars, they suddenly will go absolutely nowhere, which is disastrous for Europe," Roche told CNBC.

Persons: David Roche, Jean, Claude Trichet, —, Emmanuel Macron, Roche, CNBC's, shorting, Macron, " Roche Organizations: European Central Bank, CNBC, Quantum, French National Assembly, European Commission, National Locations: Germany, France, Europe, Italy, Ukraine

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, Meta, Tesla, Eli Lilly, Walmart, Microsoft, Oracle & more
▼ + stars: | 2024-07-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

TD Cowen reiterates Meta as buy TD Cowen raised its price target on Meta to $600 per share from $530. Bank of America downgrades Visa & Mastercard to neutral from buy Bank of America said it sees "limited upside" for the payment stocks. Bank of America downgrades WK Kellogg to underperform from neutral Bank of America said it sees weakening industry trends for WK Kellogg. "We're initiating coverage of Bausch + Lomb (BLCO) with an Outperform rating and $19 price target." Bank of America initiates Composecure as buy Bank of America said it's bullish on shares of the metal payment card manufacturer.

Persons: Bernstein, Iris, it's bullish, Argus, Teva, Piper Sandler downgrades, Piper, Jefferies, Redburn, Goldman Sachs, Tesla, Goldman, Eli Lilly, Morgan Stanley, Needham, BTIG, it's, TD Cowen, Meta, WK Kellogg, Cobra Kai, Truist, Nomura, Raymond James, Bausch Organizations: Iris Energy, Walmart, Fox Robotics, Spotify, Oracle, Barclays, Microsoft, Citi, Quest, Bank of America, MKS, Southwest Citi, Southwest Airlines, Amazon, YouTube, Meta, " Bank of America, Visa, Mastercard, of America, SNAP, Netflix, Apple, Nvidia Locations: Mounjaro, Alaska, Southwest, underperform

☆ Target will stop accepting this old-school form of payment
▼ + stars: | 2024-07-10 | by ( Erika Tulfo | ) edition.cnn.com time to read: +1 min

CNN —Target will stop accepting personal checks from customers starting July 15, the latest retailer to stop taking the increasingly rare form of payment and to try to make checkout less cumbersome for shoppers. “It’s hardly surprising Target has decided to stop accepting them,” said Neil Saunders, retail analyst at GlobalData. Around 61% of Americans are still writing checks, according to a 2024 report by Abrigo, a financial software solutions company. It also found that younger consumers, including Gen Z and Millennials, self reported writing more checks than older consumers from Gen X. The decision to stop accepting personal checks comes as the latest move in a series of changes to the retailer’s checkout experience.

Persons: “ It’s, ”, Neil Saunders, Abrigo, Gen Organizations: CNN, GlobalData, Apple, Target

☆ Paris mayor vows to swim in River Seine next week despite pollution concerns ahead of Olympics
▼ + stars: | 2024-07-10 | by ( Julen Chavin | ) edition.cnn.com time to read: +1 min

CNN —The mayor of Paris told French radio on Wednesday that she would swim in the city’s River Seine next week, in a bid to show its suitability for the Olympics despite ongoing cleanliness concerns. However, despite a 1.4 billion Euro (1.5 billion USD) clean-up plan, concerns remain over the river’s suitability for swimming events. Mayor Hidalgo – one of the main faces behind the organization of the Paris Olympics – had previously said she would swim in the Seine but postponed the dip following the dissolution of the National Assembly by French President Emmanuel Macron. Macron, who also said he would swim in the Seine, has yet to announce a date. The Opening Ceremony of the Paris Olympics is set to take place on the Seine on July 26 if currents are not too strong.

Persons: Mayor Anne Hidalgo, that’s, Mayor Hidalgo –, Paris Olympics –, Emmanuel Macron, Macron, Marc Guillaume Organizations: CNN, Paris, Mayor, France Inter, Paris Olympics, National Assembly Locations: Seine, Paris

☆ CNBC Daily Open: Powell says high rates threaten growth
▼ + stars: | 2024-07-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Inching to recordsThe S&P 500 and the Nasdaq Composite inched their way to intraday and record closes as Federal Reserve Chair Jerome Powell warned of the dangers of keeping interest rates high. The yield on the 10-year Treasury note rose even as Powell said progress had been made on inflation. Growth in jeopardyPowell warned that keeping interest rates high for too long could harm economic growth. "Putin wants nothing less — nothing less — than Ukraine's total subjugation, to end Ukraine's democracy," Biden said.

Persons: Inching, Jerome Powell, KeyBanc, Apple, Powell, Joe Biden, NATO's, Putin, Biden, Max, Emmanuel Macron's, Macron, Genuity Organizations: CNBC, Nasdaq, Nvidia, Dow Jones Industrial, Russia, Patriot, Boeing Locations: intraday, Ukraine, U.S, Germany, Romania, Netherlands, Italy, Europe

☆ My simple travel hack that saves us money on vacation meals
▼ + stars: | 2024-07-10 | by ( Casey Barber | ) edition.cnn.com time to read: +5 min

I used to make do with deli sandwiches and brought-from-home snacks, but now I have a secret weapon for quick but satisfying road trip lunches: my Coleman camp stove. Now I’m a seasoned outdoor cook and have invested in a full mini kitchen setup for my camping excursions. Casey BarberKeep meals simple with pre-prepped ingredientsSimplicity is the key to easy camp stove lunches. I’ve also been known to bring some cheese powder from my pantry to make a macaroni and cheese meal as well. Mix and match these ingredients and find the fun in cooking outdoors on your camp stove for your next road trip.

Persons: you’re, Coleman, Ulysses S, skillet, Casey Barber, I’ve Organizations: CNN, National Locations: •, Missouri, Baxter Springs , Kansas, Castile

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