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That’s why, he said, he invested in AppHarvest, a startup that promised a high-tech future for farming and for the workers of Eastern Kentucky. Despite promising local jobs, the company eventually began contracting migrant workers from Mexico, Guatemala and other countries, numerous former employees told CNN. After about a week on the job, Vance took a meeting with AppHarvest founder Jonathan Webb, as Webb later recounted in a Fox News podcast interview. The company’s health care benefits attracted Morgan, a single father, who told CNN he took a pay cut to join the startup. Such comments ring hollow to some former AppHarvest workers, who argue Vance’s rhetoric as a candidate for vice president doesn’t align with the reality they experienced.

Persons: JD Vance, Vance, “ It’s, it’s, ” Vance, AppHarvest, Donald Trump’s, Kentuckians Vance, weren’t, ”, Anthony Morgan, “, Luke Schroeder, AppHarvest’s, JD, Jonathan Webb, Webb, Peter Thiel’s, Thiel, Steve Case, Vance “, Morgan, ” Morgan, ’ ” Anthony Morgan, Shelby Hester, Hester, ” Hester, Grist, Andrew Miller, David Attenborough, Bethany, Gary Broadbent, “ AppHarvest, Mitch McConnell, Hester’s, Mitch Smith, bigwigs, CNN AppHarvest, Martha Stewart, Broadbent, doesn’t Organizations: CNN, Fox, Republican, US Department of Labor, PayPal, AOL, Fox News, AppHarvest, Morehead State University, Workers, Kentucky’s Education, Labor Cabinet, Kentucky Center, Investigative, Kentucky Republican, Securities and Exchange Commission, Retirement Association, Senate, Republican National Convention Locations: AppHarvest, Eastern Kentucky, Kentucky, Mexico, Guatemala, Ohio, Silicon Valley, Morehead, Appalachia, gurneys, Plymouth, Massachusetts, Canada, ”

☆ Opinion | Meet the New Boss, Same as the Old Boss
▼ + stars: | 2024-08-13 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +1 min

In just a few months, Trump may join the exclusive club of two-time presidential losers. Of course, it is still too early to make any real prediction about November. But the sharp reversal in Trump’s electoral fortunes raises an obvious question worth thinking about now: If Trump loses, and perhaps especially if he loses badly, what comes next for the Republican Party? One of the defining attributes of his leadership of the Republican Party is the extent to which he has so thoroughly reshaped Republican identity while leading Republican politicians to a string of national election defeats. Following Trump’s surprise win in 2016, Republicans either lost or underperformed in 2018, 2020 and 2022.

Persons: Donald Trump, Trump, Andrew Jackson, Abraham Lincoln, Franklin Roosevelt, Ronald Reagan, Trump’s, George H.W, Bush, Doug Mastriano Organizations: Republican Party, Trump, Republican Locations: — Arizona, Georgia, Nevada, Kari Lake, Arizona, Pennsylvania

The scenes were decidedly Russian. Flags with the country’s signature three horizontal stripes of white, blue and red. In the Russian town of Sverdlikovo, a Ukrainian soldier climbed onto another’s shoulders, broke off the wooden post anchored to a town council building and threw the Russian flag to the ground. In Daryino, a town five miles to the west, other soldiers also grabbed a Russian flag. “Just throw it away,” a Ukrainian soldier said, grinning, as another flexed his muscles.

Persons: ” Organizations: Gazprom, The New York Times Locations: Russian, Sverdlikovo, Ukrainian

☆ Ukraine’s Russia gambit punctures Putin’s veneer of invincibility once again
▼ + stars: | 2024-08-13 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +8 min

CNN —It is another coin-flip in a conflict punctuated with at least annual reminders of how frail Vladimir Putin’s Russia truly is. It is purposefully unclear exactly where Ukraine’s forces are. It is also unclear where Ukrainian forces are digging in and where they are just racing through. This time it is Putin’s own FSB, who couldn’t keep control of the borders, in Putin’s war of choice. Residents of an apartment building damaged after shelling by the Ukrainian side stand near the building in Kursk, Russia, on Sunday.

Persons: Vladimir Putin’s, Kyiv’s, Wagner, Oleksandr Syrskyi, “, ”, Lindsey Graham, Richard Blumenthal, Yevgeny Prigozhin’s, Putin, Andrew Kravchenko, Alexei Smirnov, it’s, he’s, Valery Gerasimov, Joseph Stalin, insurgencies, Putin’s, egotistically, Volodymyr Zelensky, Russia’s Putin, –, Zelensky, Ukraine’s Organizations: CNN, Kyiv, Kremlin, Armed Forces of, Bloomberg, Getty, Manpower, Residents, AP Locations: Vladimir Putin’s Russia, Kharkiv, Kyiv, Russia, Ukraine, Kursk, Rostov, Moscow, Lgov, Armed Forces of Ukraine, Donbas, Pokrovsk, Ukrainian

☆ Inside the tax battles Tim Walz fought — and won — in Minnesota
▼ + stars: | 2024-08-13 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Kevin Mohatt | ReutersSix years before Tim Walz was tapped to be Vice President Kamala Harris' running mate, he was busy running for governor of Minnesota. Eric Gibson, then president of Ultra Machining Company, recalled asking Walz whether the Democrat believed that high corporate and state taxes hurt workers. Minnesota currently taxes corporate income at 9.8%. The nonpartisan Tax Foundation says that's the highest corporate tax rate of any state in the nation. Minnesota Governor Tim Walz speaks next to Wisconsin Governor Tony Evers at Yellowjacket Union, at University of Wisconsin-Superior, in Superior, Wisconsin, U.S. March 2, 2022.

Persons: Kamala Harris, Tim Walz, Kevin Mohatt, Walz, Eric Gibson, Gibson, Geoff Baker, Baker, Douglas Loon, Kamala, Andrew Harnik, wasn't, Harris, Tony Evers, Evelyn Hockstein, Loon, Minn, Bill George, George said Walz, George Organizations: Democratic, Minnesota, Chippewa, Reuters, Ultra, Democrat, CNBC, McFarland Truck Lines, Foundation, Democrats, Senate, Minnesota Chamber of Commerce, Fortune, UnitedHealth, U.S, Gov, Getty, Minnesotans, Tax, Yellowjacket Union, University of Wisconsin, Mayo Clinic Locations: Eau Claire , Wisconsin, U.S, Minnesota, Gull Lake, McFarland Truck Lines . Minnesota, Gull, Glendale , Arizona, Wisconsin, Superior, Superior , Wisconsin, St, Paul, Rochester, Minn

Here’s the latest:S&P 500 futures were up slightly after fears of a slowdown in growth and hiring rocked the benchmark index last week. Investors endured both a stomach-churning rout on Monday and a bounce-back rally on Thursday. Despite that, the S&P 500 ended the week down just 0.04 percent. The big event this week is Wednesday’s inflation data. Investors are anxious after tepid jobs and manufacturing data suggested a slowdown was on the horizon.

Persons: Michelle Bowman, ” Brian Moynihan, Wall Organizations: Investors, Nvidia, Fed, Bank of America, CBS Locations: Europe, Asia

☆ At a Russian Border Post, Scenes of Ruin After Ukraine’s Surprise Attack
▼ + stars: | 2024-08-12 | by ( Andrew E. Kramer | David Guttenfelder | ) www.nytimes.com time to read: 1 min

All that remained of a Russian border post was a tableau of destruction: Sheet metal flapped in the wind, customs declarations fluttered about, and stray dogs roamed under a road-spanning sign that said, “Russia.”Kicking up dust, Ukrainian armored vehicles rumbled past, unimpeded, as the flow of men and weaponry carried on in the biggest foreign incursion into Russia since World War II, an offensive now nearing the end of its first week since the breach of the border here in Sudzha and at several other sites. At the crossing point, a Ukrainian soldier posted on the roadside waved at the forces passing by, days after Russia’s head of the general staff declared that the attack had been rebuffed. At the border, the detritus of a losing battle — and signs of soldiers caught by surprise — were scattered about: bullet cartridges tinkled underfoot, discarded body armor lay on the asphalt.

Persons: ”, — Locations: Russian, Russia, Sudzha, Ukrainian

☆ Three Studies of MDMA Treatment Retracted by Scientific Journal
▼ + stars: | 2024-08-12 | by ( Andrew Jacobs | More About Andrew Jacobs | ) www.nytimes.com time to read: +1 min

The journal Psychopharmacology has retracted three papers about MDMA-assisted therapy based on what the publication said was unethical conduct at one of the study sites where the research took place. Several of the papers’ authors are affiliated with Lykos Therapeutics, the drug company whose application for MDMA-assisted therapy to treat post-traumatic stress disorder was rejected last week by the Food and Drug Administration. The company said the research in the retracted papers was not part of its application to the F.D.A. has asked Lykos to conduct an additional clinical trial of its MDMA-assisted therapy, which would have been the first psychedelic medicine to win approval by federal regulators. Lykos has said it would appeal the decision.

Persons: Lykos Organizations: Lykos Therapeutics, Food and Drug Administration

☆ Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +5 min

Musk could "sacrifice some of the short-term interest in Tesla," Ward added, "if it'll satisfy the long-term interests of his ambitions." Musk and Tesla didn't respond to requests from Reuters for comment. The growing bond between Trump and Musk could be on display Monday night, when the Tesla boss is scheduled to interview the Republican candidate on X, Musk's social media platform. It's unclear exactly what ambitions Musk could seek to advance through his increasingly vocal rejection of progressive platforms – from EV subsidies to identity politics. A Reuters review of Congressional lobbying records – and Tesla's public comments to federal and state regulators – shows that the company has continued working to shape public policy in favor of such benefits.

Persons: Elon Musk, Samuel Corum, Donald Trump, Tesla, Biden, Trump, –, Elon, Mike Murphy, Andrew Ward, Ward, Musk, Gavin Newsom Organizations: Tesla Inc, Bloomberg, Getty, Tesla, Republican Party, Democratic Party, U.S . Environmental Protection Agency, Republican, Reuters, Lehigh University, Trump, Democratic, U.S . Department of Energy, U.S . Department of, Treasury Locations: Washington , DC, U.S, California, Los Angeles, EVs, Fremont , California

☆ First came the accusations of rape. Now 3 owners of the Alexander brothers' beleaguered brokerage firm are jumping ship.
▼ + stars: | 2024-08-12 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

At the center were cofounders Tal and Oren Alexander, sibling dealmakers who were known for selling some of the country's most exclusive and expensive homes. But accusations of rape against the brothers in recent months have resulted in an existential crisis for the company. An attorney for Tal Alexander has sought to dismiss the case against him. In the immediate aftermath of the accusations, the brothers announced they would take a leave from Official. Official has used the brokerage services company Side to provide it with back office support and to hold its brokers' licenses.

Persons: —, cofounders Tal, Oren Alexander, dealmakers, Nicole Oge, Richard Jordan, Andrew Wachtfogel, Alexander, Tal, Oren, Oge, Richard, Andrew, Alon Alexander, Alon, Tal Alexander, James Cinque, Nicole, Tyrone McKillen Organizations: Service, Partners, Business, The New York Times, Gabbana Locations: Oge, The, The Raleigh, Miami Beach, Los Angeles

For the last two weeks, Paris completely lost its cool. The rain that had doused the opening ceremony had ceased by then, and Paris felt like a city en fête. “What happened four weeks ago — with the election and everything that came afterward — was a real shame. They wanted to forget about it for a while.”It is fair to say they embraced their opportunity. More than anything, though, there have been French tricolors.

Persons: —, Teddy Riner, Marie, José Perec, ”, Anne Brion, Tricolors, Richard Salandre Organizations: Games, Tuileries, United Locations: Paris, French, fête, United States, “

☆ Quincy Wilson, 16, is the youngest male U.S. track Olympian in history
▼ + stars: | 2024-08-10 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +4 min

With that run, Wilson became the youngest male U.S. track Olympian, eclipsing middle-distance runner Jim Ryun, who was 17 at the 1964 Olympics. Wilson later became the youngest male Olympic track and field gold medalist ever after the U.S. 4x400-meter relay team — made up of Chris Bailey, Vernon Norwood, Bryce Deadmon, and Rai Benjamin — won gold over Botswana on Saturday. “I was kind of in the moment because I’m watching a 16-year-old running the Olympics — Olympics history,” Norwood said. Quincy Wilson competes in the men's 400-meter final at the U.S. Track and Field Trials on June 24. The showing led USA Track & Field to include him in the pool of runners eligible to run on a U.S. relay in Paris.

Persons: Quincy Wilson, Wilson, Jim Ryun, —, Chris Bailey, Vernon Norwood, Bryce Deadmon, Rai Benjamin —, “, ” Wilson, wasn’t, Norwood, ” Norwood, Patrick Smith, Wilson wasn’t, Shaniya, Quincy Organizations: PARIS, Olympic Games, U.S, Stade de France, Botswana, Bullis, Team, James Madison University, University of Oregon, AAU Junior Olympic Games, Stade, Quincy Hall Locations: U.S, Potomac , Maryland, Eugene , Oregon, Florida, Paris

☆ Forget free cash, there's an even more American way to help people get ahead
▼ + stars: | 2024-08-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +11 min

Read previewGuaranteed basic income is all the rage right now. Countries including India, Argentina, and Austria have tested out small-scale guaranteed job programs. Cleveland's jobs guaranteeFor Cotten, ensuring jobs for any American who needs one is a no-brainer. While many cities are testing out basic income programs, they haven't been universal and instead targeted specific groups in need like artists, new parents, low-income families, or people experiencing homelessness. Republican lawmakers have introduced bills to ban basic income programs in their states, with some arguing that handing out checks with no strings attached would disincentivize work and raise taxes.

Persons: —, that's, what's, Tcherneva, Sen, Bernie Sanders, Ayanna Pressley, Devin Cotten, Cotten, Franklin Delano Roosevelt's, Sanders, Pressley, Andrew Yang —, Gerald Connolly, UBE, Lukas Lehner, Lehner, Maximilian Kasy, they're, Kasy Organizations: Service, Business, Bard College, American, Democrats, Republicans, Washington Post, Social Security, Universal, University of Oxford, European Commission, European Union Locations: Denver, Baltimore, India, Argentina, Austria, Cleveland, Virginia, Austrian, Marienthal, South Africa, United States, France

Aiming to unseat three-term Democratic incumbent Jon Tester, Sheehy is founder of Montana-based Bridger Aerospace, an aerial firefighting company. On July 1, Sheehy resigned as chief executive of Bridger to focus on his Senate campaign; the company is seeking a replacement. In mid-June, an editorial in The Wall Street Journal echoed Griffin’s view, branding Sheehy’s company Bridger a success. The PAC spent $5.3 million for Sheehy and $5.7 million against his opponent, Tester, records show. In 2022, Sheehy’s cash and stock compensation neared $5 million, and last year, he received $2.5 million, Bridger’s proxy says.

Persons: Donald Trump, Tim Sheehy, Jon Tester, Sheehy, “, Bridger, Tim, ” Katie Martin, Louise Johns, Ken Griffin, Griffin, Stephen Schwarzman, “ Tim Sheehy, ” Griffin, Marc Cohodes, Cohodes, Sheehy’s, ”, Scott Olson, Blackstone, Matthew Sheehy, Bridger’s, Blackstone Tim Sheehy, Blackstone’s, ” Jon Tester, Andrew Harnik, Schwarzman, haven’t, Farrah Saint, Surin, Matthew, Martin, Bridger ”, Montana . Don, Melinda Crawford, Todd Hirsch, Thomas A, Waldman, Yocca Carlson, I’ve Organizations: Navy, Republican, Montana, Bridger Aerospace, International, Interior Department, U.S . Forest Service, Agriculture Department, Bloomberg, Getty, Wall, Citadel LLC, PAC, Commission, The Blackstone, “ Bridger Aerospace, Blackstone, Small Business Administration, Republican National Convention, Trump, ”, Cattle Company, Tallgrass Energy, Blackstone Group, Bridger, Forest Service, Bridger Air Tanker LLC, Bridger Air Tanker, SBA, ” Companies, Federal, NBC News, Mountain Air LLC, Mountain Air, Air, Service, U.S ., “, Montana ., Rauth Locations: Bozeman , Montana, Bozeman, Mont, New York City, Bridger, America, Montana, Gallatin County, Milwaukee, Riding, disbursements, Surin, ” Saint, U.S, Los Angeles

The U.S. is in what may end up being its biggest summer wave of Covid, with no end yet in sight. This year’s summer wave also began earlier than last year’s, Jha said. “Besides that, there’s not much that we can sort of put our finger on to say this is what’s driving this summer surge," Pekosz said. Jha said that what happens this winter is impossible to predict but that there could be a silver lining to a large summer wave. “A big summer wave tends to lead to a little bit of a smaller winter wave and vice versa, just because there’s a little bit more immunity in the population,” he said.

Persons: ”, Ashish Jha, “ It’s, ” It's, There's, Maria Van Kerkhove, Van Kerkhove, Rosem Morton, Jha, Andrew Pekosz, “, there’s, Pekosz, Michael Phillips, epidemiologist, ” Phillips Organizations: Brown University School of Public Health, White, Covid, World Health Organization, Centers for Disease Control, The Washington, Getty, Food and Drug Administration, CDC, Johns Hopkins Bloomberg School of Public Health, didn't, NYU Langone Health Locations: U.S, Europe, Washington, Western U.S, Texas, California, Florida, North Carolina, Covid, New York City

☆ Liverpool Sends a Message to Far-Right Rioters: Not Here
▼ + stars: | 2024-08-09 | by ( Megan Specia | Andrew Testa | ) www.nytimes.com time to read: 1 min

The residents of the southeast Liverpool neighborhood of Edge Hill had spent Wednesday preparing for trouble. Parents were called to pick up children early from nursery school. Shop owners pulled their shutters down over glass storefronts. And in the semidetached brick houses on and around Overbury Street, where generations of the same families have lived alongside newer arrivals, locals pulled their curtains as evening approached. What they got, instead, was a night of near celebration by people opposed to the racism and anti-immigrant sentiments that drove the week of rioting in cities and towns across Britain.

Persons: Edge Hill Locations: Liverpool, Edge, Overbury, Southport, Britain

☆ A woman gave 2 weeks' notice but was fired on the spot. Employment lawyers say it's not ethical, but it is legal.
▼ + stars: | 2024-08-09 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewA woman who said she would be handing in her two weeks' notice at work was shocked when her company terminated her employment immediately without pay. She said she would give her two weeks' notice when she was ready. Afraid You Might Be," told BI that this is when the phrase "at will" matters. Jessica B. Summers, principal employment and labor attorney at Lerch, Early, & Brewer, told BI nobody was technically in the wrong in this case. "So when an employee says they are leaving, absent a contract, the employee does have the legal right to end the relationship before the last day proposed by the employee," Summers said.

Persons: —, Kelsi, Tom Spiggle, Spiggle, Jessica B, Summers, Brewer, Andrew Zelman, doesn't, Jonathan Hinton Westover, Janice Killion, Killion Organizations: Service, Business, BI, Washington DC, Fort, Utah Valley University Locations: Washington, Lerch, Montana, Berger, Fort Lauderdale

☆ The unemployment insurance program is unprepared for a recession, experts say
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

However, the system that workers rely on to collect unemployment benefits is at risk of buckling — as it did during the Covid-19 pandemic — if there's another economic downturn, experts say. Unemployment insurance provides temporary income support to laid-off workers, thereby helping prop up consumer spending and the broader U.S. economy during downturns. There's also wide variation among states — which administer the programs — relative to factors like benefit amount, duration and eligibility, according to the report, authored by more than two dozen unemployment insurance experts. Why the unemployment insurance program buckledJoblessness ballooned in the pandemic's early days. Claims for unemployment benefits peaked at more than 6 million in early April 2020, up from roughly 200,000 a week before the pandemic.

Persons: Joe Raedle, Michele Evermore, There's, Andrew Stettner, NASI, Stettner, haven't, Indivar Dutta, Gupta Organizations: Getty, The Century Foundation, U.S . Labor Department's, National Academy of Social Insurance, Labor, Labor Department, Roosevelt Institute Locations: Florida, Sunrise , Florida, U.S

☆ F.D.A. Declines to Approve MDMA Therapy, Seeking More Study
▼ + stars: | 2024-08-09 | by ( Andrew Jacobs | ) www.nytimes.com time to read: +1 min

The Food and Drug Administration on Friday declined to approve MDMA-assisted therapy for the treatment of post-traumatic stress disorder, dealing a serious blow to the nascent field of psychedelic medicine and dashing the hopes of many Americans who are desperate for new treatments. An additional clinical trial could add years, and millions of dollars, to the approval process. If approved, MDMA would have become the first psychedelic compound to be regulated by federal health authorities. “This is an earthquake for those in the field who thought F.D.A. approval would be a cinch,” said Michael Pollan, the best-selling author and co-founder of the UC Berkeley Center for the Science of Psychedelics.

Persons: F.D.A, ”, Michael Pollan Organizations: Drug Administration, Lykos Therapeutics, UC Berkeley Center, Psychedelics

☆ U.S. track star Noah Lyles takes bronze in 200-meter, says he tested positive for Covid
▼ + stars: | 2024-08-08 | by ( Andrew Greif | ) www.cnbc.com time to read: +2 min

PARIS — Two days after Noah Lyles said he tested positive for Covid, the American sprinter finished third in the 200-meter final at the Paris Olympics, unable to chase down gold medalist Letsile Tebogo of Botswana. Lyles ran 19.70 for bronze, behind Tebogo's 19.46, which earned the first gold medal in Botswana's history. Following his positive test, Lyles said he moved into a hotel away from the Olympic Village to quarantine himself and arrived for warmups before Wednesday's semifinal with a mask on. He said he never considered not competing in Thursday's final and intentionally did not disclose information about his diagnosis. At the finish line Lyles collapsed, then gingerly stood while asking for water and sitting back down on the track.

Persons: Botswana's Letsile, Kenneth Bednarek, Noah Lyles, Denis, Letsile Tebogo, Kenny Bednarek, Lyles, Tebogo —, gingerly Organizations: Paris, Stade de France, American, Wednesday's, Thursday's Locations: Saint, Paris, PARIS, Botswana, Lyles, warmups

☆ Erythritol: Sweetener in stevia linked to blood clots, study says
▼ + stars: | 2024-08-08 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

Clots can break off blood vessels and travel to the heart, triggering a heart attack, or to the brain, triggering a stroke. Previous research has linked erythritol to a higher risk of stroke, heart attack and death. Artificially manufactured in massive quantities, erythritol has no lingering aftertaste, doesn’t spike blood sugar and has less of a laxative effect than some other sugar alcohols. That’s especially true for anyone at highest risk for clotting, heart attack and stroke — such as those with existing cardiac disease or diabetes. “Cardiovascular disease builds over time, and heart disease is the leading cause of death globally,” he said.

Persons: erythritol, ”, Stanley Hazen, Hazen, Bleeksma, ” Hazen, Andrew Freeman, “ I’m, Freeman, Carla Saunders, Wai Hong, Wai Hong Wilson Tang, “ Organizations: CNN, Center for Cardiovascular Diagnostics, Cleveland Clinic Lerner Research Institute, Cleveland Clinic, Jewish Health, US Food and Drug Administration, Biology Locations: Denver, United States, Wai Hong Wilson, Europe, America

☆ Markets are counting on the Fed to head off recession with sizeable interest rate cuts
▼ + stars: | 2024-08-06 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +5 min

Disappointing economic data recently generated worries that the Fed missed an opportunity at its meeting last week to, if not cut rates outright, send a clearer signal that easing is on the way. In the past, the Fed has implemented just nine such cuts, and all have come amid extreme duress, according to Bank of America. Lacking a catalyst for an intermeeting cut, the Fed is nonetheless expected to cut rates almost as swiftly as it hiked from March 2022-July 2023. Why wait?”LaVorgna, though, isn’t convinced the Fed is in a life-or-death battle against recession. Still, any quakes in the data, such as Friday’s downside surprise to the nonfarm payrolls numbers, could ignite recession talk quickly.

Persons: Jerome Powell, ” Steven Blitz, ”, Andrew Hollenhorst, ‘, ’ ”, Michael Gapen, Powell, Joseph LaVorgna, “, “ They’ll, isn’t, Goldman Sachs, David Rosenberg Organizations: Federal Reserve, TS Lombard, Fed, Citigroup, Bank of America, Nikko Securities, Rosenberg Research Locations: Jackson Hole , Wyoming, Nikko

☆ Starboard pushes Autodesk board to weigh CEO change, cost cuts
▼ + stars: | 2024-08-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist investor Starboard Value has been engaging with the board of Autodesk , continuing its push to improve the company's operations and financial performance, according to a presentation viewed by CNBC. Starboard wants Autodesk's board to reassess whether CEO Andrew Anagnost, who has helmed the software maker for seven years, is the right person to lead the company forward, according to the presentation. The activist investor has shared the presentation's findings with Autodesk's board in recent weeks, after disclosing a $500 million stake in the company earlier this year. Starboard is also pushing for cost cuts and a realigned executive compensation plan, all of which it believes can drive margin improvement of up to 1,000 basis points. But Starboard has shown no signs of relenting, continuing to press the company and shareholders for change.

Persons: Andrew Anagnost, Anagnost, Dow Jones, Deborah Clifford, Jeff Smith Organizations: Autodesk, CNBC, GoDaddy Locations: Delaware, Salesforce

☆ Harris taps Minnesota Gov. Tim Walz as Democratic running mate
▼ + stars: | 2024-08-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

Tim Walz as her Democratic running mate for the 2024 presidential election. Vice President Harris is showing us the politics of what's possible. "Governor Tim Walz is an exceptionally strong addition to the ticket who will help Kamala move our country forward," Shapiro said. Within minutes of formally announcing Walz as Harris' running mate, the campaign went live with a webpage titled "Meet Governor Tim Walz" to help voters get acquainted with the new name on the Democratic ticket. Tim Walz greets Vice President Kamala Harris as she arrives at the Minneapolis-St. Paul International Airport in Saint Paul, Minnesota, March 14, 2024.

Persons: Kamala Harris, Tim Walz, Tim, Harris, " Walz, Josh Shapiro, Arizona Sen, Mark Kelly, Andy Beshear, Joe Biden, Andrew Caballero, Reynolds, Shapiro, Kamala, Walz, Minnesota's, Minnesota Tim Walz, Jim Watson, Trump, Donald Trump, Sen, JD Vance, Ohio, The Trump, Karoline Leavitt, Nancy Pelosi, Joe, Walz's, Stephen Maturen Organizations: Gov, Democratic, Kentucky Gov, NBC News, Minnesota, Afp, Getty, Harris, NPR, Marist, White, Republican, America Democrat, Army National Guard, Minnesota Gov, Paul International Airport, U.S . House, Trump Locations: Philadelphia, Minnesota, Arizona, Northfield , Minnesota, Washington , DC, Walz California, America, West Point , Nebraska, Butte , Nebraska, Minneapolis, St, Saint Paul , Minnesota

The federal court ruling that Google had abused its monopoly in online search threatens to disrupt one of the most valuable businesses in modern history, and Big Tech more broadly. Expect Google to fight back, which could drag this out for some time. What happened: Judge Amit Mehta of U.S. District Court for the District of Columbia sided with the Justice Department and several states that had accused Google of illegally cementing its search dominance. In large part that was by paying billions each year to companies including Apple and Samsung to make Google the default search engine on their devices. Those agreements hurt competition, Mehta found, allowing Google to trample competitors.

Persons: Amit Mehta, Mehta Organizations: Google, Big Tech, U.S, District, Columbia, Justice Department, Apple, Samsung

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