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"While company reported 2Q results ahead of guidance on higher take-rate, weaker 3Q guidance and removal of FY GMS outlook suggest no near-term visibility," the analyst wrote. Etsy stock is 20% lower on the year but has increased 16% since July 8. Positively, AmEx did see slightly better [small or midsize enterprise] spend in Q2'24," wrote analyst Donald Fandetti. Bank of America lifted its price target to $563 from $555, while Citi increased its target to $580 from $555. Its price target of $220, up from $175, implies upside of 23% from Wednesday's close.

Persons: Morgan Stanley, Robinson, Brian, Ossenback, — Lisa Kailai Han, Oppenheimer, Jason Helfstein, Etsy's, Etsy, Helfstein, he's, Lisa Kailai Han, Wells, David Lantz, Lantz, Carvana, Raymond James, Brian Vaccaro, Vaccaro, AmEx, Donald Fandetti, Fandetti, Goldman Sachs, Ross Sandler, Andrew Percoco, Fred Imbert Organizations: CNBC, GE, JPMorgan, Carvana, TAM, Management, American Express, America Express, Meta, Wall Street, Goldman, Citi, Barclays, Bank of America, Google, GE Vernova, General Electric Locations: C.H, Etsy, Wingstop, Wells Fargo, Q2'24, 2H24, Wednesday's

☆ Small cap Russell 2000 posts 10% gain in July, trouncing other indexes
▼ + stars: | 2024-08-01 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Wall Street ended July with a bang that turned a volatile month into a winner. The Russell 2000 soared 10.1% in July, its biggest one-month gain since December. .RUT YTD mountain Russell 2000, year-to-date Bank of America thinks this "pain trade" will continue as a new month of trading kicks off. Among the big analyst calls on Wall Street this morning, Morgan Stanley upgraded GE Vernova to overweight from equal weight. "We believe we are at the early stages of a multi-decade energy transition investment cycle that will require significant capital investment in gas power, renewables, and grid expansion/enhancement.

Persons: Russell, Savita Subramanian, Morgan Stanley, Andrew Percoco Organizations: Nasdaq, Nvidia, Bank of America, GE

☆ Stitch by Stitch, Pacita Abad Crossed Continents and Cultures
▼ + stars: | 2024-08-01 | by ( Andrew Russeth | ) www.nytimes.com time to read: +1 min

However, in New York, where Abad lived briefly in the 1970s, while studying painting at the Art Students League, her work has been scarce. The Museum of Modern Art owns nothing by her, and the Metropolitan Museum of Art just acquired its first piece. During her life, she proposed shows to U.S. museums and received around 100 rejection letters, her family has said. MoMA PS1 is hosting the first retrospective dedicated to Abad, which was organized by Victoria Sung at the Walker Art Center in Minneapolis, where it ran last year. It consists of more than 50 works, and while it should be two or four times larger — she was protean and prolific — it is still thrilling.

Persons: Pacita Abad, Abad, Victoria Sung Organizations: Art Students League, Modern Art, Metropolitan Museum of Art, Walker Art Center Locations: Singapore, Asia, Manila, New York, Minneapolis

☆ Bank of England is not changing the message on inflation, governor says
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of England is not changing the message on inflation, governor saysBOE Governor Andrew Bailey speaks to CNBC's Steve Sedgwick following the central bank's decision to cut rates.

Persons: BOE, Andrew Bailey, Steve Sedgwick Organizations: Email Bank of England

Meta’s earnings calm A.I. Shares in Meta are up more than 5 percent in premarket trading, even after the parent of Facebook and Instagram said it had increased spending on A.I. The numbers: Meta’s second-quarter profit was up 73 percent year-on-year, to $13.5 billion, while revenue jumped 22 percent, to $39.1 billion. The figure in focus was capital expenditures, with Meta spending $8.5 billion in the second quarter. (That also includes the company’s long-running, unprofitable investments in the so-called metaverse and other endeavors.)

Persons: Instagram Organizations: Meta, Facebook

☆ Senate Rejects Bipartisan Tax Deal
▼ + stars: | 2024-08-01 | by ( Andrew Duehren | ) www.nytimes.com time to read: +1 min

The Senate rejected a bill on Thursday that would have restored lapsed tax breaks for businesses and expanded the child tax credit, as many Republicans in the chamber lined up against the bipartisan deal in hopes of gaining an advantage in bigger tax legislation expected next year. It soared through the House earlier this year with broad bipartisan support, a rare feat. Business groups loved it and hoped Congress would again allow companies to immediately deduct the full cost of capital investments and research expenses from their tax bills. Republicans senators worried that the bill’s expansion of the child tax credit veered into creating a new welfare program, stalling the legislation. Mr. Schumer also ultimately voted against the bill, a decision that allows him to potentially bring it back up for another vote.

Persons: Jason Smith, Ron Wyden, —, Chuck Schumer, Joe Manchin III, West, Bernie Sanders, Vermont —, Schumer Organizations: Republican, Democrat, Finance, Senate, New York Democrat, Republicans, Democrats Locations: Missouri, Oregon, West Virginia, Vermont

☆ Trump said having JD Vance as his VP will have 'virtually no impact' on the race. Political scientists say otherwise.
▼ + stars: | 2024-08-01 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

Read previewDuring a chaotic and sometimes combative interview at the National Association of Black Journalists conference on Wednesday, former President Donald Trump said vice presidents have "virtually no impact." "Historically, the vice president — in terms of the election — does not have any impact. The Influence of Vice Presidential Candidates in Presidential Elections." AdvertisementHe said that they act as "attack dogs" on behalf of the presidential candidate and work to drum up support for them. For those who do become vice president, history shows they can play a meaningful role in governing.

Persons: —, Donald Trump, Sen, JD Vance, Trump, Vance, Vance's, Karen Hult, Christopher J, Devine, Joel Goldstein, Andrew Gelman, Gelman, Richard Yon, Yon, Gore, Mondale, Carter, Cheney, Bush, Biden, Obama Organizations: Service, National Association of Black Journalists, Business, Virginia Tech, Saint Louis University, Columbia University, Shadows Locations: Trump, Clinton

Simone Biles competes on the uneven bars on July 30. Jamie Squire/Getty ImagesWith the first chapter of Simone Biles’ comeback at the Olympics already complete, the next is ready to be written. All this comes not long since Biles said she had considered walking away from gymnastics having experienced a mental block called “the twisties” at the Tokyo Olympics. “I started off with therapy this morning,” Biles said on Tuesday after the team event. I told my therapist I was feeling calm and ready.”She ended the day alone in the center of Paris’ Bercy Arena, completing her floor routine to rapturous applause.

Persons: Simone Biles, Jamie Squire, Simone Biles ’, Biles, “, ” Biles, Suni Lee Organizations: USA, Games, Tokyo, US, Paris ’ Locations: American, Paris

☆ Fact check: Trump, who approved multiple prisoner exchanges, falsely claims he gave up ‘nothing’ to get Americans back
▼ + stars: | 2024-08-01 | by ( Daniel Dale | ) edition.cnn.com time to read: +4 min

After President Joe Biden proved the claim wrong on Thursday by securing the release of Gershkovich and others in a multi-country prisoner exchange, Trump posted a series of skeptical questions on social media. Among other things, Trump wrote: “Are we releasing murderers, killers, or thugs? FactCheck.org debunked this Trump claim about his record on securing the release of American prisoners abroad when he previously made it in 2022. Trump acknowledged at the time that this was a prisoner exchange, telling reporters in 2019: “Yeah, we’re very happy to have our hostage back. And there was a one-on-one hostage swap.”Federal prosecutors also dropped charges against the Iranian scientist’s two co-defendants soon after the prisoner exchange.

Persons: Donald Trump, Evan Gershkovich, Joe Biden, Gershkovich, Trump, ’, Jake Sullivan, FactCheck.org, –, Xiyue Wang, Kevin King, Timothy Weeks, Michael White, Sandra Loli, Mikael Gidada, Turkey Trump, Recep Tayyip Erdogan, Andrew Brunson, Erdogan, Brunson Organizations: Washington CNN —, Wall Street, Biden White House, Trump, Republican, Princeton University, Navy Locations: Iran, Afghanistan, Yemen, Oman, Turkey, Israel, Turkish

☆ A life coach and businessman with 10 kids who 'almost lost it all' shares his top tip for helping clients prioritize a healthy work-life balance
▼ + stars: | 2024-07-31 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

He's the president of a Midwest manufacturing company, a life coach, a motivational speaker, and, oh yeah, he has 10 kids. Skoog said he's only able to guide others to a more balanced life because he himself "almost lost it all." He tells them to make a bucket list. "But most of them don't have a bucket list of things they actually want to do." The bucket list technique is one Skoog himself learned during the leadership class he took a decade ago.

Persons: —, Andrew Paul Skoog, Skoog, they're, They've, he's, It's, He's, You'd Organizations: Service, Business Locations: Midwest, Minnesota

☆ How Samuel Alito got canceled from the Supreme Court social media majority
▼ + stars: | 2024-07-31 | by ( Joan Biskupic | ) edition.cnn.com time to read: +15 min

Behind the scenes, the conservative justice sought to put a thumb on the scale for states trying to restrict how social media companies filter content. The states enacted their laws in 2021 and, with variations, restricted the ability of social media platforms to filter third-party messages, videos and other content. Greg Abbott signed that state’s measure, he said, “there is a dangerous movement by social media companies to silence conservative viewpoints and ideas.” In Florida, Gov. Kagan added a footnote to her majority opinion buttressing that point and reinforcing Barrett’s view. But, despite Alito’s protest, Kagan had a majority signing her decision, which, at minimum, offers lower court judges a strong indication of the framework the high court majority would use in future online challenges.

Persons: Samuel Alito, Alito, Amy Coney Barrett, Ketanji Brown Jackson, Justice Elena Kagan, Donald Trump, Joe Biden, SCOTUS, Trump, Greg Abbott, ”, Ron DeSantis, Andrew Oldham, Kevin Newsom, Newsom, Feedback Alito, NetChoice, unconstitutionality, Clarence Thomas, Neil Gorsuch, Barrett, Jackson, Kagan, John Roberts, Sonia Sotomayor, Brett Kavanaugh, ” Barrett, Justice Roberts, CNN Jackson, “, ” Kagan, –, Thomas, Gorsuch, Sylvia Gonzalez, Gonzalez’s, Gonzalez, Trevino, Alito’s, haven’t, Republican Trump, Judge Oldham Organizations: CNN, New York Times, Democratic, Trump, Facebook, Twitter, Texas Gov, Gov, Big Tech, Texas, Appeals, Oldham, YouTube, Chief, Supreme, Circuit, Republican Locations: Texas, Trump, SCOTUS The Texas, Florida

☆ Xander Schauffele: A tragic accident robbed his father of his Olympic dream. Now, golf’s golden boy is out to honor him again
▼ + stars: | 2024-07-31 | by ( Don Riddell | Jack Bantock | ) edition.cnn.com time to read: +6 min

Before that, the 30-year-old’s most prestigious prize was an Olympic gold medal, clinched in Japan in 2021. He was in and out of hospital for two years.”Stefan Schauffele (left) watches his son prepare for the 2022 US Open. Some 38 years after his Olympic dream vanished, Stefan Schauffele went to sleep with a gold medal in bed beside him. Harry How/Getty ImagesThe question is, now that he’s experienced both, where does Olympic glory rank next to major success? “It’s hard to put them up next to each other because they’re so unique and different to me,” Schauffele said.

Persons: Xander Schauffele’s, –, scooping, Stefan Schauffele, Schauffele, CNN Sport’s Don Riddell, “, ” Stefan Schauffele, Cliff Hawkins, ‘, ” Schauffele, Mike Ehrmann, Chris Como, Andrew Redington, Rory McIlroy, Jon Rahm, Scottie Scheffler, he’s, ”, Harry, I’ve Organizations: CNN, PGA Championship, Royal Troon, Games Locations: Germany, Japan, Paris, Stuttgart, Seoul, San Diego , California, Tokyo, Valhalla, Kentucky, Scotland, Hawaii

☆ I’ve been to 100 countries. I didn't expect to want to return to these 5
▼ + stars: | 2024-07-31 | by ( Todd Miller | Marylou Costa | ) www.cnbc.com time to read: +5 min

Here are the spots I thought would be "one and done" but that are on my list of return trips. A village in Rwanda, a country with a population of nearly 14 million people. Aerial view of Sveti Stefan, a fortified island village with 15th century stone buildings on the Adriatic coast of Montenegro. I am eager to return to the White Continent again to experience the planet's coldest, windiest, driest, and perhaps most serene place. VanuatuVanuatu is one of the least visited countries in the world, not because it isn't welcoming or rewarding, but because of its remoteness.

Persons: I'm, Edwin Remsberg, Wadi Al Disah, Todd Miller, Todd Miller Wadi, Disah, it's, Sveti, Feng Wei, Andrew Peacock, George Island, doesn't, Yasur Organizations: Bank, Getty, Rwanda, Saudi, UNESCO, Vanuatu Vanuatu, Air Vanuatu Locations: Turkey, Nepal, South Africa, Indonesia, Rwanda, Burundi, Lake Kivu, Africa's, Saudi Arabia, Kingdom, Saudi, Wadi Al, Jordan's Wadi, Petra, Saudia Arabia, Montenegro, Croatia, wallow, Kotor, Sveti Stefan, Stari, Serbian, Albania, Antarctica, George, Vanuatu

☆ The killing of a top Hamas leader in its backyard is 'humiliating' for Iran, experts say
▼ + stars: | 2024-07-31 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Read previewIsmail Haniyeh, the leader of the political wing of Hamas, was killed on Wednesday. Ismail Haniyeh (left) meeting with Iran's Supreme Leader Ayatollah Ali Khamenei in Tehran, Iran, on July 30, 2024. According to Middle East and military experts, Haniyeh's death is a "humiliating" blow to Iran. A new phase of brinkmanshipTensions between Israel and Iran were high even before Haniyeh's killing. MOSAB SHAWER/AFP via Getty ImagesSince Hamas launched terror attacks on Israel on October 7, groups allied with Iran — the Houthis, Hamas, and Hezbollah — have targeted Israel, with attacks sometimes spilling over into neighboring countries and directly involving Iran.

Persons: —, Ismail Haniyeh, Haniyeh, Ayatollah Ali Khamenei, Nobody, Israel didn't, Andrew Fox, Henry Jackson, Fox, Abdullah Ahmed Abdullah, Mohsen Fakhrizadeh, Ameneh, Farzan, MOSAB SHAWER, Burcu, Fuad Shukr Organizations: Service, Business, Iran's, KHAMENEI.IR, Getty Images, Henry, Henry Jackson Society, New York Times, East, Global Governance Centre, Geneva Graduate Institute, BI, West, Getty, —, Middle East Security, Royal United Services Institute, Fox Locations: Iran, Tehran, AFP, Israel, Middle East, Iranian, West Bank, Hebron, Syria, Beirut, Iraq, Yemen, Red, ACLED, Lebanon

☆ Market probably viewed Politburo memo as 'disappointing,' says China Renaissance
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket probably viewed Politburo memo as 'disappointing,' says China RenaissanceAndrew Maynard, managing director and head of equities at China Renaissance, says the market was hoping for "some level of a bazooka."

Persons: Andrew Maynard Organizations: China Locations: China

☆ Ilona Maher, Frederick Richard and other viral Olympians winning medals and hearts
▼ + stars: | 2024-07-31 | by ( Scottie Andrew | ) edition.cnn.com time to read: +10 min

Ilona MaherIlona Maher competes in rugby sevens on July 28 at the Paris Olympics. Frederick ‘Fred’ RichardFrederick Richard competes on the high bar during the men's artistic gymnastics team final on day three of the Paris Olympic Games. Jamie Squire/Getty ImagesTeam: USASport: Men’s gymnasticsIt’s a bird, it’s a plane, it’s — Stephen Nederoscik! And for good reason: He’s the only American gymnast who’s made the Olympic team as a single-event athlete. Kim YejiKim Yeji shoots during the Women's 10m Air Pistol Final on day two of the Paris Olympic Games.

Persons: CNN —, Simone Biles, Sha’Carri Richardson, Katie Ledecky, Ilona Maher Ilona Maher, Hugo Pfeiffer, she’d, Ilona Maher, she’s, Maher, didn’t, ”, Frederick ‘ Fred ’ Richard Frederick Richard, Jamie Squire, Fred Richard’s, Richard, he’s, Stephen Nederoscik Stephen Nedoroscik, it’s, Stephen Nederoscik, Clark Kent, Nederoscik, who’s, Team USA’s Clark Kent, sweated, Games ’, Tyler, Xi, Wang He, Tyler Downs, He’s, he’ll, Greg Duncan, Kim Yeji Kim Yeji, Charles McQuillan, Kim Yeji, Kim, Oh Ye, Jin, ” Kim, Henrik Christiansen, Henrik Christiansen’s, Christiansen, They’ve, flails, Will Christiansen, Daniella Ramirez, Andrew Kelly, It’s, Ramirez, LeBron James, Coco Gauff, James, Gauff, George Washington, Erik Shoji, Shoji, ” Tara Davis, Tara Davis, Woodhall, Davis, Hunter Woodhall Organizations: CNN, Summer, Paris Olympics, USA, Paris Games, Olympics, BMI, US women’s rugby, Paris Olympic, Getty, Team USA, Olympic Games, Team, Games, Apple, Eiffel, USA’s, Paris Olympic Games, South Korea, Associated Press, Reuters, Woodhall Locations: Paris, Xi An, China, Seine, He’s, Norway, Delaware, Rio, Pisa, “

☆ Fact check: Trump’s lie that Harris ‘all of a sudden’ embraced a Black identity
▼ + stars: | 2024-07-31 | by ( Daniel Dale | ) edition.cnn.com time to read: +7 min

I didn’t know she was Black until a number of years ago when she happened to turn Black, and now she wants to be known as Black. Harris graduated in 1986 from Howard University, a historically Black institution where she was a member of a historically Black sorority. - Falsely claimed he was “protected” under the Presidential Records Act for taking official documents after his presidency. - Falsely claimed that “everybody,” including Democrats, wanted Roe v. Wade overturned and the issue of abortion policy returned to individual states. - Falsely claimed that Haris “didn’t pass” the bar exam.

Persons: Donald Trump, Kamala Harris, Harris ’, Trump, “, Harris, –, ” Trump’s, ’, ” Harris, ”, ‘ Mazel, Joe Biden’s, Biden, Roe, Wade, Haris “ didn’t, Four Trump, Brian Sicknick, Sicknick, ” CNN’s Andrew Kaczynski, Em Steck, Julie In Organizations: Washington CNN, Republican, National Association of Black Journalists, Democratic, Howard University, University of California, Hastings College of the, Politico, Hastings Law, San, South, Black, United States Senate, Trump, Central, Biden, Presidential, Capitol, Capitol Police, Washington Post Locations: Jamaica, India, Indian, San Francisco, American, California, Asian, Jamaican

☆ Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
▼ + stars: | 2024-07-31 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewShoppers are slowing down spending on everything from burgers to dishwashers, and that's bad news for a growing number of companies. While inflation has since cooled, Americans are still stuck with higher prices for many of the things they buy. Shoppers are slowing down food spending — even at grocery storesThe spending slowdown has hit restaurant chains, which have launched new deals to get customers in the door. Over the past two years, income growth has helped consumer spending beat expectations, Jefferies analyst Corey Tarlowe said in a note on Monday. One bright spot in consumer spending: Cruises, which are seeing record demand.

Persons: —, McDonald's, Burger, Taco, Jefferies, ETIENNE LAURENT, Laxman Narasimhan, It's, Dirk Van de, Van de, Andrew M, Watterson, Michael Liersch, Wells, Corey Tarlowe, Horacio Villalobos, dreuter@businessinsider.com Organizations: Service, PepsiCo, UPS, Business, Shoppers, Burger King, Taco Bell, Starbucks, Getty, Walmart, Bureau of Labor Statistics, Unilever, Whirlpool, Airlines, Jefferies, Costco Locations: Pellegrino, North America

☆ Washington Prepares for the ‘Super Bowl of Tax’
▼ + stars: | 2024-07-31 | by ( Andrew Duehren | ) www.nytimes.com time to read: +1 min

President Biden’s decision not to seek re-election is upending expectations about who will control Washington next year. But there is one thing lawmakers and lobbyists are certain of: A tax fight is coming. Across the nation’s capital, preparations are quietly starting for what some are calling the “Super Bowl of tax.” On Capitol Hill, Republicans and Democrats are holding strategy and education sessions. On the line is the future of the Tax Cuts and Jobs Act, which a Republican Congress passed and former President Donald J. Trump signed into law in 2017. To avoid blowing too large of a hole in the federal budget at the time, Republicans scheduled many of the tax cuts to expire after 2025.

Persons: Biden’s, Donald J, Trump Organizations: Hill, Republicans, Republican Locations: Washington

Big Tech’s big spendingThe technology sector is facing another rough patch, after Microsoft reported mixed quarterly earnings and its shares tumbled. The company’s results are fueling more concern among investors about whether hefty spending on artificial intelligence will pay off, and how long that might take. But analysts say that Microsoft is on better footing than its rivals, and that investor enthusiasm for all things A.I. Microsoft missed earnings expectations for its cloud business by a hair. Shares in the tech giant were down 3 percent in premarket trading on the results, echoing a similar market reaction to Alphabet last week, when Google’s parent company disclosed the scale of its ever-growing A.I.

Organizations: Microsoft

☆ Goldman and others love this solar stock even with election as overhang
▼ + stars: | 2024-07-31 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

First Solar is well positioned for growth despite the U.S. election uncertainty that has hit the company's stock as well as the broader renewable industry in recent weeks, according to analysts. The solar module manufacturer's stock was up 5.7% on Wednesday. First Solar is one of the biggest beneficiaries in the renewable energy space from production tax credits under the IRA. While election risk will weigh on First Solar's stock, policy uncertainty tends to be a tailwind for the company, Goldman Sachs analyst Brian Lee told clients in a note. China tariffs could strengthen First Solar's competitive position and pricing power in the U.S., analyst Andrew Percoco told clients.

Persons: Mark Widmar, Goldman Sachs, Brian Lee, Goldman, FSLR, Lee, Donald Trump's, Morgan Stanley, Andrew Percoco, Trump, Percoco Organizations: U.S, White House, Congress, Republican Locations: China, U.S

☆ 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

How the election is dividing techThe tech world has long been divided by rivalries: Macs versus PCs, open source versus closed source. It’s a reminder, as DealBook has noted, that Silicon Valley’s libertarian wing is feeling more emboldened to flex its money and influence to buck what has become a traditionally Democratic consensus. Who’s who: Some of the most vocal Democratic donors among the tech elite are Hoffman; Vinod Khosla, the venture capitalist; Aaron Levie, the C.E.O. On the Republican side are a camp of libertarians that includes Musk and the investors Peter Thiel, David Sacks, Marc Andreessen and Ben Horowitz. Then there are those staying neutral, including Mark Zuckerberg of Meta, who are ostensibly trying to avoid antagonizing whoever wins in November.

Persons: Elon Musk, Reid Hoffman, Ryan Mac, Erin Griffith, Mike Isaac, DealBook, Who’s, Hoffman, Vinod Khosla, Aaron Levie, Roger McNamee, Peter Thiel, David Sacks, Marc Andreessen, Ben Horowitz, Mark Zuckerberg, Meta Organizations: Republican

☆ P&G stock deserves to be down after a messy quarter — but not by this much
▼ + stars: | 2024-07-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Despite that, P & G had a spotty quarter, which could give fuel to investors worried that a deterioration in the consumer would make its guidance harder to achieve. Nevertheless, P & G still fills an important role in a diversified portfolio, and its business is on solid footing. That includes North America, where organic sales grew 4%, and Europe, where organic sales increased 2% despite a difficult 12% comparison in the year-ago period. That helps explain how you get organic sales in China down 9%, albeit a slight sequential improvement from the 10% drop in the third quarter. It saw a mid-single digit decrease in organic sales because of market-share losses for its Luvs diapers.

Persons: Gamble, Stanley Black, Decker, Procter, Jim Cramer, Andre Schulten, Jon Moeller, Jim, it's, Jim Cramer's, Andrew Kelly Organizations: Procter, Revenue, LSEG, Procter & Gamble, Colgate, Palmolive, Unilever, Federal Reserve, SK, Care, CNBC Locations: U.S, Western Europe, North America, Europe, China, Japan, Middle, Manhattan , New York City

☆ Delta just issued a warning shot to CrowdStrike about the money it wants to help cover some losses from the huge outage
▼ + stars: | 2024-07-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Read previewDelta Air Lines is gearing up to demand money following an outage that sent the world, including the airline, into chaos. The carrier hired star attorney David Boies to seek damages from CrowdStrike and Microsoft for the July 19 computer outage that forced Delta to cancel about 6,000 flights, CNBC reported on Monday. AdvertisementWhile no lawsuit has been filed, Delta plans to seek compensation from CrowdStrike and Microsoft, CNBC reported. AdvertisementEven individuals hoping to seek damages from CrowdStrike through proposed class action lawsuits may have little luck. Between customer agreements that favor CrowdStrike and SolarWinds largely beating the SEC, CrowdStrike stands a good chance in court, Sanchez said.

Persons: —, David Boies, Delta, Boies, Elizabeth Holmes, Al Gore, Boies Schiller, CrowdStrike, Elizabeth Burgin Waller, Woods Rogers, Mauricio Sanchez, Sanchez, SolarWinds, Andrew Selbst, Selbst Organizations: Service, Lines, Microsoft, CNBC, Business, Delta, Analysts, Bloomberg, CrowdStrike's Falcon, Dell'Oro, Fierce, Securities and Exchange, SEC, UCLA School of Law, Harvard Law, Federal Trade Commission, FTC Locations: CrowdStrike, Delta, Texas

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