DIRS.INFO The most relevant business & tech news

☆ Oil set to fall for fourth week as demand concerns weigh on sentiment
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +2 min

Brent crude futures gained 33 cents, or 0.4%, to $79.85 a barrel by 0020 GMT, after falling 1.5% in the previous session, while U.S. West Texas Intermediate crude futures rose 38 cents, or 0.5%, to $76.69, after a 2.1% drop on Thursday. On a weekly basis, Brent futures are on track to fall 1.7%, while WTI futures are set to drop 1.1%. "Markets continue to remain wary of Chinese oil demand after June data came in weaker-than-expected," analysts at consultancy firm FGE said. Asia's crude oil imports dropped to the lowest in two years in July on weak demand in China and India, according to data compiled by LSEG Oil Research. Still, the outlook for Chinese crude oil imports is brightening, FGE analysts noted, citing an increase in strategic purchases and a recovery in refining rates in the country.

Persons: Brent, FGE Organizations: Brent, U.S, West Texas, LSEG Oil Research Locations: Long Beach , California, United States, Europe, Asia, China, India, Iran, Israel

☆ Some Jewish Democrats wonder if America is ready for a Jewish vice president
▼ + stars: | 2024-08-02 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

After all, the last time a guy named Shapiro had been elected governor of Pennsylvania, he had years earlier anglicized his name to Shapp. “I’m not aware of how his position on Israel differs from the other potential vice presidents,” Hawaii Sen. Brian Schatz, who is both Jewish and a proud progressive, told CNN. Of the VP’s choices, Shapiro is the one who stands out as the most divisive and could put a stop in everyone being on the same page,” said one Jewish Democratic operative. But I will say his attacks, this might surprise you, don’t bother me personally,” Shapiro said at the time. But calling what’s coming at Shapiro “pure antisemitism,” Rep. Dan Goldman, a New York Democrat, warned against that defensive way of thinking.

Persons: Josh, Shapiro, Lori, Kamala Harris ’, –, —, J.B . Pritzker, Harris ’, Israel –, Harris, Josh ”, “ I’m, Hawaii Sen, Brian Schatz, ”, Greg Landsman –, Micah, Hebrew, ” Landsman, Nevada Sen, Jacky Rosen, she’d, “ It’s, Simone Zimmerman –, ” Zimmerman, “, ” Shapiro, He’s, Connecticut Sen, Joe Lieberman —, South Carolina Sen, Lindsey Graham, “ He’s, he’s, Doug Emhoff, “ doesn’t, ” Ed Rendell, ” Rendell, Rendell, Josh Shapiro, they’ve, ” Long, Avi, Sen, Ted Kennedy, Mikhail Gorbachev, Emhoff, Benjamin Netanyahu “, Amy Spitalnick, Josh ’, Adam Schiff, Tim Walz, what’s, Dan Goldman, ” Goldman, ” CNN’s Morgan Rimmer, Owen Dahlkamp, Haley Talbot Organizations: CNN, Democratic, Illinois, Democratic Socialists of America, Sunrise Movement, Jewish Democrats, ”, GOP, Philadelphia Inquirer, Republican, Jewish Council, Public, Jewish Democratic, New, New York Democrat Locations: Pennsylvania, Israel, Michigan, Hawaii, Ohio, America, Nevada, Las Vegas, Gaza, Connecticut, South Carolina, Washington, Philadelphia, United States, Soviet, Pittsburgh, California, Minnesota, New York

Thousands packed Qatar’s largest mosque on Friday for the funeral of Ismail Haniyeh, Hamas’s political leader, hours after President Biden said his killing could hurt the monthslong effort to negotiate a cease-fire in Gaza. Mr. Haniyeh, who was based in the Persian Gulf nation, had been a negotiator in the cease-fire talks between Israel and Hamas. His death in an explosion in Iran on Wednesday and the assassination of the Hezbollah commander Fuad Shukr in an Israeli airstrike in Lebanon on Tuesday have put the Middle East on edge, bracing for a possible escalation in retaliatory violence. Asked by a reporter on Thursday night whether the killing of Mr. Haniyeh had ruined the prospect of a negotiated cease-fire in Gaza, Mr. Biden said, “It has not helped.”He added that he had a “very direct” conversation with Prime Minister Benjamin Netanyahu of Israel earlier that day and had urged him to agree to a deal to stop the war in Gaza and free the remaining people kidnapped in the Hamas-led attack on Israel on Oct. 7.

Persons: Ismail Haniyeh, Biden, Haniyeh, Fuad Shukr, Mr, Benjamin Netanyahu, Israel Organizations: Hamas Locations: Gaza, Persian, Israel, Iran, Lebanon

SPRINGFIELD, Ill. — The Illinois sheriff whose deputy fatally shot Sonya Massey said Thursday that blame for her killing lay with the deputy alone. “We were satisfied that he could work as a police officer in Illinois,” Campbell said. Grayson worked for six law enforcement agencies in central Illinois in four years, in both part-time and full-time roles, before he was hired by Sangamon County, according to the Illinois Law Enforcement Training and Standards Board. Sonya Massey speaks with Sangamon County Sheriff’s Deputy Sean Grayson at the door of her home in Springfield, Ill., on July 6. Campbell said Grayson and the other deputy who responded were not aware of Donna Massey’s call before they went to Massey’s home.

Persons: Sonya Massey, Jack Campbell, Sean Grayson, Massey, ” Campbell, “, Grayson, Campbell, Logan, ” Grayson, ”, —, Massey’s, Donna Massey, ” Donna Massey, hadn’t, Donna Massey’s, “ We’re, Dan Fultz, Maggie Vespa, Janelle Griffith Organizations: NBC News, Illinois, Office, Army, Police Locations: SPRINGFIELD, Ill, The Illinois, Sangamon County, Illinois, Logan, Sangamon, Springfield , Ill, Springfield, Chicago, Springfield ,, New Jersey

☆ Elon Musk sued by ex-CNN anchor Don Lemon over canceled X deal
▼ + stars: | 2024-08-01 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Lemon had "incurred hundreds of thousands of dollars in expenses" in preparing for the show, the lawsuit alleges. Former CNN anchor Don Lemon sued Elon Musk on Thursday, accusing him of making false promises to entice the journalist into a canceled deal to host a show on the billionaire's social media platform. Lemon accuses Musk and X of fraud, negligent misrepresentation, misappropriation of name and likeness, breach of contract, and unjust enrichment. "You're set up for a lot of $$ this year," Weitz allegedly told Lemon in a Dec. 30, 2023, text. "To this day, Defendants have not compensated Lemon pursuant to the exclusive partnership deal that Defendants induced Lemon to enter into," the lawsuit says.

Persons: Musk, Lemon, Don Lemon, Elon Musk, Carney Shegerian, Shegerian, who's, Nikki Haley, Linda Yaccarino, Brett Weitz, " Weitz, Weitz Organizations: CNN, Twitter, CES, SpaceX Locations: San Francisco, New York City, Las Vegas, Lemon

☆ Here’s where Jeffrey Gundlach says investors can find attractive yields in preparation for Fed rate cuts
▼ + stars: | 2024-08-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Central bank policymakers have kept their target interest rate at 5.25% to 5.5% for the past year, creating a yield bonanza for investors in money market funds, certificates of deposit and Treasury bills. Gundlach, speaking on CNBC's " Closing Bell " on Wednesday, said he sees the Fed enacting as much as 150 basis points worth of rate cuts in the next year, or 1.5 percentage points, which would lower the fed funds rate to 3.75% to 4.00%. As interest rates come down, cash, short-dated instruments and floating-rate debt will also see lower yields, translating to less income for investors, he added. In lieu of those bank loans, investors may want to consider migrating toward BB-rated, fixed-rate high yield bonds — high-yield issues, he said. State Street offers the SPDR Portfolio High Yield Bond ETF (SPHY) .

Persons: Jeffrey Gundlach, Jerome Powell, Gundlach Organizations: Federal, BB, Corporate Bond, SEC, State Street, Investors Locations: Central

☆ Stock market today: Indexes tank as data paints a negative picture for the economy
▼ + stars: | 2024-08-01 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

US stocks nosedived on Thursday after several discouraging economic data points. The ISM manufacturing index dropped from 48.5% in June to 46.8% in July, marking an eight-month low. Investors are pricing in a 100% chance of Fed rate cuts in September, according to the CME FedWatch tool. Meanwhile, new data shows ISM manufacturing slid further into contraction territory in July. Jensen Huang just got $12 billion richer in a single day as Nvidia's stock soared on Wednesday.

Persons: —, Jerome Powell, Jensen Huang Organizations: Service, Reuters

☆ Bitcoin is riding a wave of optimism into a historically quiet trading month. Here's what to expect
▼ + stars: | 2024-08-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Investors have several reasons to be optimistic toward bitcoin even as it enters one of the sleepiest trading months of the year. It has finished seven of the past 11 Augusts in the red, generating an average 2.69% return for the month, according to CoinGlass, largely due to a more than 65% gain in August 2017. "It's very likely that's going to continue playing a part here" in the month ahead, Duong said. Pandl at Grayscale is upbeat on the prospect of bitcoin reaching another all-time high sometime this year, and ether retesting $4,000. "Equity markets have wobbled but, so far, bitcoin has performed well, trading more like a hedge against dollar weakness," Pandl said.

Persons: cryptocurrency, bitcoin, David Duong, Duong, Vance, Zach Pandl, Pandl, Donald Trump's, Sen, Cynthia Lummis, Alex Miller, Hiro, Bitcoin Organizations: Metrics, Trump, bitcoin, Republican, Equity Locations: U.S, Nashville, bitcoin, Coinbase, Mt

☆ What happened when this US couple moved to Greece in their 70s
▼ + stars: | 2024-07-31 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +10 min

But Patricia Mahan and Dan Matarazzo, from the US, have opted to do it twice in the past two decades. The retired pair, who’ve been married for 37 years, left the States for Mexico in 2006, before swapping Mexico for Greece last year. “When we first moved to our little stone house, all our neighbors brought over gifts of food and produce,” says Mahan. The couple say they’ve tried to put them own stamp on it while “honoring its traditional style,” adding skylights and repainting the walls. ‘Older culture’The couple often go on hikes together and spend afternoon at the beach either swimming or reading.

Persons: Patricia Mahan, Dan Matarazzo, who’ve, “, ”, Mahan, Patricia, Dan, Matarazzo, I’ve, San Miguel de Allende, I’ll, they’d, ” Patricia, Dan “, “ Kritsa, Sofia, ‘, ’, they’ve, ” Mahan, Dan One, it’s, you’re, United States … ”, hasn’t, “ You’ve Organizations: CNN, “ Locations: States, Mexico, Greece, Tucson , Arizona, Kritsa, Crete, New Jersey, San Miguel, “, Santa Fe , New Mexico, Agios Nikolaos, ”, Scandinavia, France, America, United States

☆ What to do now that the Fed is signaling lower interest rates
▼ + stars: | 2024-07-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

Given the many ways lower rates can affect your finances, here are some things to consider when deciding what steps to take in response. Here’s how lower rates may affect key areas of your financial life, along with tips on what to do about it. If that proves difficult to get, see if you can transfer your balance to a credit card from a credit union or local bank that offers lower rates than the biggest banks. And because many variables determine what that factor will be, it will be hard to figure out the impact of lower interest rates. His advice: Don’t keep more than six months’ to a year’s worth of living expenses in cash or cash equivalents.

Persons: ”, Greg McBride, ” McBride, “, Chris Diodato, Diodato, you’ll, McBride, ” Dodiato, Collin Martin, don’t Organizations: New, New York CNN, Federal Reserve, Bankrate, Schwab Center, Financial Research, AAA Locations: New York, Schwab.com

☆ The Federal Reserve sets the stage for a rate cut — here's what that means for your money
▼ + stars: | 2024-07-31 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

In the wake of the rate hike cycle, the average credit card rate rose from 16.34% in March 2022 to more than 20% today — nearing an all-time high. A recent report from the Philadelphia Federal Reserve showed credit card delinquencies at an all-time high, according to data going back to 2012. The best move for those with credit card debt is to take matters into their own hands, advised Matt Schulz, chief credit analyst at LendingTree. Home loan rates have already started to fall, largely due to the prospect of a Fed-induced economic slowdown. Student loansFederal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves.

Persons: Greg McBride, McBride, Matt Schulz, Jacob Channel Organizations: Philadelphia Federal, Treasury, Auto, Consumers

☆ With a NATO war and Ukraine's knack for shooting down planes in mind, Russia is holding back its airpower and most advanced jets
▼ + stars: | 2024-07-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +13 min

Read previewRussia has kept much of its airpower and some of its most advanced aircraft out of the war in Ukraine. But Baum and other air warfare experts have warned Russia's air force should not be underestimated and cautioned that NATO should be ready. AdvertisementRussia's air force is weaker than NATO's airpower, but Russia's war in Ukraine shows it can still cause a lot of damage. Russia's air force has suffered high attrition rates from Ukraine's ground-based air defenses when operating in the country. Related storiesHe said that Russia "has a lot of trouble replacing lost advanced aircraft," only making a few a year.

Persons: —, John Baum, Su, Andrew Curtis, Curtis, Michael Clarke, Christopher Cavoli, it's, Clarke, Evelyn Hockstein, Baum, Peter Layton, Layton, Volodymyr Zelenskyy, Jens Büttner, Russian Sukhoi Su, Nicola Marfisi, Russia's, There's, Sukhoi Su, Aleksey Nikolskyi, REUTERS George Barros, Jake Epstein, Gustav Gressel, Tim Robinson, Russia's Su, Robinson, Mads Claus Rasmussen, Ritzau Scanpix Organizations: Service, NATO, Mitchell Institute, US Air Force, Business, UK Ministry of Defense, Russian Air Force, Royal Air Force, REUTERS, Ukraine, Griffith Asia Institute, Royal Australian Air Force, Russian, Getty Images Air, Getty Images, it's, Sukhoi, Sputnik, European Council, Foreign Relations, UK's Royal Aeronautical Society, Getty Locations: Russia, Ukraine, Europe, Washington, NATO, Russian Sukhoi, Ukrainian, Moscow, Kremlin, AFP

☆ Morgan Stanley names Nvidia a top pick, says sell-off is overdone and it’s a great time to buy
▼ + stars: | 2024-07-31 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Morgan Stanley said the July sell-off in Nvidia has gone too far and it's time for investors to buy the dip. Moore also listed a large list of concerns hitting Nvidia lately including competition, possible export controls and valuation. NVDA YTD mountain Nvdia, YTD Nvidia shares rebounded Wednesday after peer AMD reported better-than-expected second-quarter earnings and revenue and said revenue this quarter would top expectations. Morgan Stanley rates Nvidia as overweight and has a $144 price target, which represents a 38% rally from Tuesday's close. Despite the sell-off, most of Wall Street remains firmly behind Nvidia with the average price target calling for a 30% rebound ahead.

Persons: Morgan Stanley, Joseph Moore, Moore, Blackwell Organizations: Nvidia, AMD Locations: Tuesday's

☆ Dubai set to welcome even more millionaires as wealthy individuals abandon the UK
▼ + stars: | 2024-07-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

The United Arab Emirates is on track to be the world's top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. "There are push and pull factors for this trend of millionaires opting to relocate to Dubai," Karim Jetha, a longtime regional investor who relocated to the UAE from the U.K. during the pandemic, told CNBC. "Pull factors include Dubai's perception of being extremely safe and visa reforms that encourage migration." The UAE is set to see a record net inflow of 6,700 millionaires from around the world by the end of 2024, according to the Henley report, which was released in June. That's nearly double the second-ranked country on the list, the U.S., which is expected to welcome a net inflow of 3,800 millionaires in the same time frame.

Persons: –, Karim Jetha, Henley, That's Organizations: United, Henley, Wealth, UBS, Labour Party, CNBC, Labour Locations: United Arab Emirates, Swiss, Dubai, sandier, UAE, U.S

☆ Saera Targaryen may be related to Hugh Hammer on 'House of the Dragon' — here's what to know about the estranged princess
▼ + stars: | 2024-07-30 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Read previewWarning: Major spoilers ahead for season two, episode seven of "House of the Dragon," and "Fire and Blood." But it does sound like one of King Jahaerys' children — Princess Saera Targaryen. AdvertisementKieran Bew and Ellora Torchia as Hugh and his wife in "House of the Dragon" season two. Ollie Upton/HBOSaera Targaryen was Jahaerys and Alysanne's ninth childSaera was one of King Jaeharys I and Queen Alysanne's children. Hugh Hammer was introduced in the first episode of "House of the Dragon" season two.

Persons: —, it's, Hugh Hammer, Ulf, Baelon, Viserys, King Jahaerys, Saera Targaryen, Kieran Bew, Ellora Torchia, Hugh, Ollie Upton, Targaryen, Saera, King Jaeharys I, Alysanne's, George R.R, Martin, King Jaehaerys, Alysanne, Queen Alysanne, Jaehaerys, Essos, Ryan Condal, Bew, we'll, he's Organizations: Service, Business, HBO Locations: Lys, Westeros, Volantis, Essos

CNN —During the first whirlwind week of her second presidential campaign, Kamala Harris locked up the support of the Democratic Party, recruited thousands of volunteers and hauled in $200 million in donations. The next test of Harris’ appeal will take place Tuesday in Georgia, where her campaign is hosting an Atlanta rally. “The groundswell of support around the vice president is real and it is meaningful,” Dan Kanninen, Harris’ battleground state director, told reporters Monday. “Tomorrow, Vice President Harris’ visit will highlight her brighter vision for the future, where our freedoms are protected and every American has a fair shot. The campaign has 24 coordinated offices and 170 Democratic coordinated campaign staff across the state.

Persons: Kamala Harris, Joe Biden, Harris ’, Democratic Sens, Raphael Warnock, Jon Ossoff, Stacey Abrams, Megan Thee, Harris, “, Dan Kanninen, Donald Trump, Biden, Georgia –, jolt, Geoff Duncan, Porsha White, ” White, ”, Nikema Williams, ” Williams, Harris outperforming Biden, Trump, Weeks, – Ossoff, Warnock –, Jay Williams, “ It’s, Abrams, Brian Kemp, Hillary Holley, ” LaTosha Brown, Brown, ” Brown Organizations: CNN, Democratic Party, Democratic, Sun, Morehouse College, Republican, Georgia, Georgia Democrats, Atlanta, Trump, Biden, New York Times, White, Republican Gov, Black Locations: Georgia, Atlanta, Michigan , Wisconsin, Pennsylvania, Arizona , Nevada, North Carolina, Gaza, Harris ’ Georgia, American, Siena, Georgia isn’t, Washington, Harris, “ Georgia

☆ How Harris may win back a critical group of voters who abandoned Biden
▼ + stars: | 2024-07-30 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

With Harris at the top of the ticket, Democrats now see a chance to refocus voters on the issue and restore their margins among the abortion rights voters who had notably drifted away from Biden. In both the 2020 and 2022 campaigns, voters who backed legal abortion provided overwhelming support to Biden and other Democratic candidates. Across all of those battleground states, Biden this year was performing well below that level with voters who support legal abortion, polls have found. Those abortion rights voters also split about evenly on whether Biden or Trump was better for the economy. “Many of them aren’t single issue abortion voters; they are worried about the economy and inflation, they are worried about immigration,” McLaughlin said.

Persons: Kamala Harris, Joe Biden, wasn’t, Donald Trump’s, Harris, Biden, ”, Democratic pollster Anna Greenberg, “ It’s, Dobbs, Charles Franklin, Tony Evers, Katie Hobbs, Josh Shapiro, Gretchen Whitmer, Whitmer, Shapiro, Franklin, Trump, Roe, Wade, “, Lake, Melissa Williams, ” Harris, Tresa Undem, ‘ what’s, –, Greenberg, ” Greenberg, —, John Della Volpe, Della Volpe, energize, Jason Cabel Roe, ” Trump, He’s, “ Donald Trump, Jim McLaughlin, McLaughlin, ” McLaughlin, Williams, JD Vance, ” Williams Organizations: CNN, Democratic, Edison Research, Democratic House, Democrats, Marquette Law School, SSRS, Quinnipiac University, Yahoo, Quinnipiac, Trump, Times, YouGov, Biden, Catholic, ” Voters, GOP, Harvard Kennedy School Institute of Politics, Republican Party, “, Republicans, White House Locations: The Marquette, Pennsylvania , Wisconsin, Arizona, Georgia, Wisconsin, Pennsylvania, Michigan, London, Harris, Iowa, America, Trump

☆ Analysis: In Venezuela, voters caught in Maduro’s dangerous dance are seeking answers
▼ + stars: | 2024-07-29 | by ( Flora Charner | ) edition.cnn.com time to read: +8 min

“We want peace for Venezuela, for our family members,” a protester, who chose not to be identified, told reporting teams on the ground. Leo Ramirez/AFP/Getty Images/FileA ‘cyberattack’ curveballIt seems unlikely Maduro’s government will pay too much attention to the concerns raised over the results. Nearly 8 million people have left Venezuela since 2014, according to the United Nations High Commissioner for Refugees (UNHCR). Venezuelan President Nicolas Maduro reacts following the election results in Caracas on July 29, 2024. “We want Venezuela to be free and for the people’s will to be respected,” she said.

Persons: CNN — It’s, Nicolás Maduro, “, Nicolas Maduro, ” Maduro, Edmundo González, González, Maria Corina Machado, ”, Federico Parra, Antony Blinken, Stephane Dujarric, Maduro’s, Miguel Díaz, Canel, Leo Ramirez, it’s, Tarek William Saab, Machado, Leopoldo López, Lester Toledo, Panamá, Consultores, Maduro, ” Eva Martinez, Will Freeman, Juan Barreto, Hugo Chavez, Chavez, sobbed Heczair Blanco Organizations: CNN, Bolivarian, Electoral Council, Armed Forces, Getty, UN, The United Nations, Carter Center, Washington, Twitter, AFP, CNE, Caracas Monday, Saab, ’, United Nations, Refugees, US Customs, Border Patrol, Council, Foreign Relations, Democrats, Biden Locations: Miraflores, Caracas, Venezuela, Bolivarian Republic of Venezuela, Venezuelan, AFP, United States, Tokyo, Argentina, Chile, Costa Rica, Peru, Panama, Dominican Republic, Uruguay, China, Cuba, North Macedonia, Balkans, UNHCR, Spain, Brazil, Colombia, “, Buenos Aires

☆ Premium economy is having a moment
▼ + stars: | 2024-07-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Some airlines have revamped their premium economy services in recent months, with passengers increasingly tempted by the prospect of upgrading to more luxurious seating without blowing their budget. Delta plans to roll out a premium economy service to transcontinental flights in September, while Singapore Airlines announced its updated premium economy class in March with a 200-item food menu. 'The sweet spot between cost and luxury'Delta plans to roll out a premium economy service to transcontinental flights in September. AdvertisementCounterpoint director and aircraft interiors expert Rob Semple told BI that the key to convincing passengers to upgrade was to make premium economy "visibly better" than economy class to increase the sense of FOMO — while still maintaining a luxury gap between premium economy and the more expensive business class. Advertisement"We all know that economy class sucks on pretty much every airline.

Persons: —, United, Collin Heller, Bauer, Griffin, Rob Semple, Semple, Henry Harteveldt Organizations: Service, Singapore Airlines, Business, Alaska Airlines, Wall Street, Counterpoint Market Intelligence, AaronP, Getty, Airlines

☆ How the Harris 2024 shake-up could affect House and Senate races
▼ + stars: | 2024-07-27 | by ( Zachary B. Wolf | Simone Pathe | ) edition.cnn.com time to read: +13 min

It could also have a major impact on House and Senate races. We talked by email about the state of play for the House and Senate and how the shake-up in the presidential race might change things. PATHE: House races are typically more nationalized than Senate races because the candidates are lesser known; therefore, it’s harder for them to separate themselves from their party and the top of the ticket. WOLF: The presidential primary process is over, but we’re still in the thick of statewide primaries for House and Senate races. WOLF: If there’s one Senate race that could be a bellwether for the country as a whole, which one is it and why?

Persons: Kamala Harris, Joe Biden, Simone Pathe, Harris, Biden, It’s, Donald Trump, Trump, Wisconsin Sen, Tammy Baldwin, who’s, Baldwin, she’d, Sen, Jon Tester, Tester, it’s, Priscilla Alvarez, hasn’t, WOLF, Ohio’s Sherrod Brown, doesn’t, Brown, — Tester, Bob Casey of Pennsylvania, Jacky Rosen, Nevada –, —, There’s, we’re, — GOP Sen, Rick Scott, Debbie Mucarsel, Powell, Colin Allred, GOP Sen, Ted Cruz, there’s, Cruz, we’ve, Beto O’Rourke’s, Jaime Harrison’s, South Carolina Sen, Lindsey Graham, Allred —, That’s, Debbie Stabenow, Elissa Slotkin, Mike Rogers Organizations: CNN, CNN Politics, Senate, PATHE, Democratic, Black, Biden, Trump, Air Force, GOP, Republican, Democrat, House, — GOP, of Houston, South Carolina, Democrats, Democratic Rep Locations: Washington, Wisconsin, Madison, Milwaukee, Baldwin, Montana, California, Pennsylvania, Trump, New York, Oregon , Washington , Colorado , Michigan, North Carolina, New Mexico, Maine, Alaska, York, Ohio, In Ohio, Nevada, Arizona , Michigan, West Virginia, — Texas, Florida, Maryland, Texas, Michigan

☆ 14 earnings, jobs and the Fed are what we're watching in the market this week
▼ + stars: | 2024-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

As for Club earnings, we got positive results from life sciences company Danaher and industrial firm Dover. Ford was a major disappointment and its nearly 20% stock drop for the week was the worst performer in the portfolio. In the week ahead, it's going to be another big week of earnings with the four mega-cap names and 10 other Club names set to report. Linde : We're looking for more of the same — steady earnings growth; 6% is the Street estimate. End market commentary will also help us better formulate our view of the economy — and in turn the stock market.

Persons: Russell, Jerome Powell's, Ford, Stanley Black, Decker, We're, we'll, Elliott, we've, We'll, Kraft Heinz, Vita Coco, COCO, Lam, SIRI, WEN, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Nasdaq, Dow, Communication, Honeywell, YouTube, Procter & Gamble, Devices, Microsoft, Starbucks, GE Healthcare, DuPont, Meta, Apple, Coterra Energy, Linde, Silo AI, Elliott Management, GE HealthCare, Amazon, Apple Intelligence, U.S, Labor, Fed, Networks, Procter, Gamble, PayPal, Pfizer, BP, JetBlue Airways, Merck, Solar Inc, Caesars Entertainment, Electronic Arts, EA, Nation Entertainment, Boeing, Cruise, Mastercard, Teva Pharmaceutical, Hess Corp, Arm Holdings, Qualcomm, Lam Research, Western, eBay, EBAY, MGM Resorts, MGM, ConocoPhillips, Mobileye, Canada Goose Holdings, Hershey, Toyota, Dominion Energy, Air Products & Chemicals, Southern Company, International, Coterra Energy Intel, Coinbase, Booking Holdings, LIN, Exxon Mobil, Chevron, LyondellBasell Industries, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Dover, Eaton, Amazon, China, destocking, Corning, New York City

☆ What to do when the Fed starts cutting interest rates
▼ + stars: | 2024-07-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

New York CNN —Over the past couple of years, the Federal Reserve aggressively raised its key interest rate to a 23-year high to beat down inflation. But, realistically, how much you’ll save when the Fed lowers rates will depend on how quickly it cuts and by how much each time. Since loan amounts are substantial, this is one area where even small cuts in interest rates could make a meaningful difference in what a homebuyer will pay. A couple of quarter-point rate cuts from the Fed won’t make it meaningfully cheaper, McBride said. A few rate cuts won’t make much of a dent in today’s record-high average rate of 20.7%.

Persons: ”, Greg McBride, ” McBride, “, Chris Diodato, McBride, Diodato, you’re, ” Dodiato Organizations: New, New York CNN, Federal Reserve, Bankrate, Fed Locations: New York

☆ She couldn’t stop thinking about the guy she met at the Athens Olympics. Then a message from him changed her life
▼ + stars: | 2024-07-26 | by ( Francesca Street | ) edition.cnn.com time to read: +26 min

So I thought, ‘Let me see if I can go to the Athens Olympics. An unexpected opportunityOmaira got to watch the final dress rehearsal of the opening ceremony of the Athens 2004 Olympic Games on August 13, 2004. And then Omaira was off to work at the shooting center, where the Games’ shooting events were held. But while Omaira was cultivating a pretty heady crush, Dimitris didn’t really have time to engage with his potential feelings. Omaira GillThis year marks 20 years since Omaira and Dimitris crossed paths at the Athens Olympics.

Persons: CNN — Omaira Gill, ” Omaira, ‘ I’m, ’, –, Omaira, ’ ”, … ’, “, ”, Omaira didn’t, “ I’d, David Gray MD, she’d, ’ Omaira Gill, Dimitris Athanasiou, Dimitris, ‘, they’re, ” Dimitris, ” Dimitris ’, hadn’t, Dimitris who’d, he’d, Dimtiris, Dimitris didn’t, Dimitris quizzed, “ Will, She’d, I’m, … ’ ”, couldn’t, didn’t, “ You’ve, Dimitris ’, that’s, we’d, Omaira Gill, Paulo Coelho, “ Omaira, ” Here's Dimitris, Omaira Gill Omaira, Hermes, Dimitiris, Hector, Orion, they’ll, “ Hermes, We’re, Dimitris – Organizations: CNN, Olympic, CNN Travel, Athens, “, ‘ Volunteers, Uni, Reuters, Olympics, Olympic Games, Paralympic, MSN, Omaira, ”, Athens Olympics, Stade de France, Disneyland Locations: Athens, Greece, Birmingham, United Kingdom, London, inbox, Omaira, Pakistan, India, Paris, Disneyland Paris, Europe

☆ Venezuela’s Maduro bids for a third term in power — as U.S., Brazil warn over need for free election
▼ + stars: | 2024-07-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

President of Venezuela Nicolas Maduro rises his hand during a mass gathering convene by supporters on July 18, 2024 in Caracas, Venezuela. The 74-year-old is widely regarded as the only contender capable of denying Maduro a third six-year term. Maduro's United Socialist Party of Venezuela (PSUV) has governed Venezuela since 2013, with the former union leader taking power after the death of his mentor Hugo Chavez. His 2018 election victory was widely regarded as an unfair contest, given that many prominent opposition parties were banned from taking part. "The destiny of Venezuela depends on our victory," Maduro said at a rally earlier this month, according to the Associated Press.

Persons: Venezuela Nicolas Maduro, Nicolas Maduro, Edmundo González Urrutia, Maduro, González, María Corina Machado, Corina, Maduro's, Hugo Chavez Organizations: Democratic, Maduro's United Socialist Party of Venezuela, Associated Press Locations: Venezuela, Caracas, Venezuelan

☆ ‘It just sucks’: Charles Barkley lashes out at NBA choosing Amazon over TNT
▼ + stars: | 2024-07-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

I’m not sure TNT ever had a chance.”“TNT matched the money, but the league knows Amazon and these tech companies are the only ones willing to pay for the rights when they double in the future,” Barkley added. It just sucks.”The comments came after the NBA on Wednesday rejected an offer from Warner Bros. Discovery to match Amazon’s $1.8 billion per year bid to carry the league’s games starting with the 2025-26 season. The decision set up a potential legal showdown between the NBA and WBD, the parent company of TNT and CNN, which maintains it has matching rights to any broadcast offer. “These partners will distribute our content across a wide range of platforms and help transform the fan experience over the next decade.”

Persons: Charles Barkley, Barkley, “, I’m, ”, ” Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal, WBD, Max, ” Adam Silver Organizations: New, New York CNN, NBA, TNT, Wednesday, Warner Bros, WBD, CNN, TNT Sports ’, Amazon, Disney Locations: New York, United States

Search resuls for: "prospect"

25 mentions found