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☆ CNBC Daily Open: French left-wing shock victory, Boeing guilty plea
▼ + stars: | 2024-07-08 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Kolanovic wasn't the only Wall Street strategist to be caught out by the bull run — but rival banks have incrementally increased their calls.

Persons: Skydance, David Ellison, Marko Kolanovic, Kolanovic, Lori Calvasina, Calvasina, Tesla, Tom Narayan, Squawk, Narayan, Tom Sosnoff, Bill Ackman, Warren Buffett, Sosnoff, — CNBC's Pia Singh, Alex Harring, Holly Ellyatt, Ruxandra Iordache, Ryan Browne, Samantha Subin, Lim Hui Jie, Leslie Josephs Organizations: New York Stock Exchange, CNBC, Nvidia Nvidia, Wall, Paramount, Skydance Media, Paramount Global, Hollywood, Boeing, Justice Department, JPMorgan, RBC Capital Markets, RBC Locations: Hollywood

☆ Olivia Culpo said she didn't want her wedding dress to 'exude sex,' sparking a debate about modest gowns
▼ + stars: | 2024-07-08 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Read previewOlivia Culpo's wedding dress is causing a stir online. Olivia Culpo said she didn't want her wedding dress to 'exude sex'Culpo's three Dolce & Gabbana wedding dresses each had a distinct look. Advertisement"There is nothing wrong with wanting a modest wedding dress or just modest attire in general," Bingham said. Culpo's dress might be part of a resurgence of traditional wedding gownsCulpo's ceremony dress is a departure from recent wedding fashion trends, as many brides have gravitated toward sheer or heavily detailed gowns. Despite her back and forth with Bingham, Culpo reiterated that she loved her dress in another Instagram post about her wedding gown shared on Wednesday.

Persons: —, Olivia, Christian McCaffrey, Culpo, Gabbana, Olivia Culpo, didn't, Vogue's Elise Taylor, Kennedy Bingham, Bingham, Paris Hilton, Lily Collins, McCaffrey, Bingham's, Jeff Kravitz, Jackie Avrumson, Avrumson Organizations: Service, Miss Universe, Vogue, Business, CONSERVATIVE, Paris, Dolce Locations: Rhode Island, TikTok

☆ There's a new top pick on Wall Street emerging in the media space
▼ + stars: | 2024-07-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

"Big picture - pricing and margin trajectory reinforces [overweight] thesis, top pick in media & entertainment," wrote Morgan Stanley analyst Benjamin Swinburne, referring to the audio streaming giant. The firm's $370 price target suggests 17% upside from Friday's close, while a $450 bull scenario implies that shares can rally 42%. The analyst also highlighted Spotify's leading product position, solid user growth runway and underappreciated earnings power among the reasons for the bullish thesis. Wells Fargo analyst Steven Cahall reiterated his overweight rating on Spotify and his $400 price target, citing long-term margin potential spurred by price hikes and a "margin accretive dynamic" with labels. The price increases should add 9.3% to year-over-year average revenue per user and offer a 905 million euro lift to 2025 revenues.

Persons: Morgan Stanley, Benjamin Swinburne, Swinburne, Morgan Stanley isn't, Wells, Steven Cahall Organizations: Spotify Technology, Spotify Locations: 2H24, EBITDA

☆ French elections: People who 'normally hate each other' came together, analyst says
▼ + stars: | 2024-07-08 | 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 EmailFrench elections: People who 'normally hate each other' came together, analyst saysSamantha de Bendern of Chatham House discusses the outcome of the French election results.

Persons: Samantha de Bendern Organizations: Chatham House

☆ Stocks making the biggest moves midday: Paramount Global, Morphic Holding, Ideaya Biosciences and more
▼ + stars: | 2024-07-08 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Skydance and its financial backers will invest more than $8 billion into Paramount and to acquire National Amusements, Paramount's controlling shareholder. Morphic Holding – Shares rallied 75% on news that Eli Lilly will acquire the biopharmaceutical company in a $3.2 billion deal . The deal will give Eli Lilly access to Morphic's portfolio of treatments in development, such as those for ulcerative colitis and Crohn's disease. Shares of Eli Lilly advanced 1.3% on the news. Boeing – Shares fell slightly after the airplane maker agreed to plead guilty to criminal fraud related to the fatal 737 Max crashes, sparing Boeing from a trial.

Persons: Eli Lilly, BofA, Corning, Guggenheim, Max, Grayson, Raymond James, Samantha Subin, Pia Singh, Hakyung Kim, Sarah Min, Michelle Fox Organizations: Paramount Global, Skydance Media, Skydance, Paramount, National, Morphic, Ideaya Biosciences, Bank of America, Boeing –, Boeing, ., CNBC, Devon Energy, Gilead Sciences Locations: Columbia, Stifel, Williston, Gilead

Currently a tropical storm, Beryl is in the Gulf of Mexico about 245 miles southeast of Corpus Christi, fanning maximum winds of 60 mph as of 5 a.m. Dangerous storm surge along US Gulf Coast: Tropical storm conditions will begin to be felt along the western Gulf Coast on Sunday, with hurricane conditions expected later in the day. Hurricane-force winds will hit the lower and middle Texas coast Sunday night and Monday. A few tornadoes could also occur along the Texas Coast Sunday afternoon and evening. “Preparations should be rushed to completion before tropical storm conditions begin late today,” the hurricane center said Sunday morning.

Persons: Eddie Seal, Beryl, Barra el Mezquital, It’s Organizations: Bloomberg, Getty, National Hurricane Center, Corpus Christi, Padre, Texas Gulf, East Texas, Texas Coast Locations: Port Aransas , Texas, Corpus Christi , Texas, Gulf, Mexico, Corpus, Texas, Baffin Bay, Sargent, Rio Grande, Luis, High, Mexican, Barra el, Rio Grande ., Bay, Matagorda Bay, Galveston Bay, The Texas, Sabine, Gulf Coast, Texas Gulf Coast, East

President Joe Biden joked about his age and discussed his faith during remarks to churchgoers at Philadelphia’s Mount Airy Church of God in Christ during a campaign stop Sunday. We don’t know where or what faith will deliver us to or when. What we do know, is that we can seek a life of light, hope, love and truth, no matter what — we can seek that life. Biden separately discussed this week’s NATO summit, stating: “I’m about to host the NATO nations in Washington. Biden’s allies have encouraged him to do more unscripted and off-the-cuff events to shift the narrative away from his poor debate performance.

Persons: Joe Biden, churchgoers, “, I’ve, ”, Biden, We’ve, America —, Biden’s Organizations: Airy, of God, NATO Locations: Philadelphia’s, Delaware, Washington, America

☆ Psychiatrist: Bed rotting days are ‘very tempting,’ but don’t really help you feel rested—here’s how to recharge instead
▼ + stars: | 2024-07-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

"It's very tempting," Boardman tells CNBC Make It. "But the reality is, many people after they engage in some extended period of bed rotting, they don't feel that much better. Why bed rotting could be doing more harm than goodBed rotting could potentially disrupt your circadian rhythm, your body's natural alarm clock that tells you when to sleep and wake, Boardman says. But too much sleep is also associated with many health issues, including heart disease, obesity and depression, according to Johns Hopkins Medicine. You're merely distracting yourself from whatever problem is at hand, be it exhaustion from work, a stressful problem or an unhealthy lifestyle.

Persons: Millennials, Zers, Samantha Boardman, Boardman, you've Organizations: Weill, Cornell Medical College, CNBC, Johns Hopkins Medicine

CNN —Second gentleman Doug Emhoff tested positive for Covid-19 Saturday after experiencing mild symptoms, according to a Sunday statement from his office. Vice President Kamala Harris has tested negative for the virus and remains asymptomatic, Emhoff communications director Liza Acevedo said in the statement. The couple were on a balcony at the White House with President Joe Biden and first lady Jill Biden on Thursday for an Independence Day celebration. CNN has reached out to the White House to ask whether the president is being tested. Emhoff previously tested positive for Covid-19 in March 2022, and Harris tested positive a month later but had no symptoms.

Persons: Doug Emhoff, Kamala Harris, Liza Acevedo, Joe Biden, Jill Biden, Harris, Biden, ” She’s, Emhoff, Samantha Waldenberg, Ebony Davis Organizations: CNN, White, Essence, Alpha Kappa Alpha, ” Locations: New Orleans, Dallas, Pennsylvania

☆ I'm a single mom who rents out my yard as a private dog park. I earned an extra $7,400 in 21 months to pay my bills.
▼ + stars: | 2024-07-07 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Taking on a second job that required me to be physically somewhere other than my home wasn't really an option. I'm a single mom with a full-time job and two little kids that I can't really leave them alone for more time than I spend at work. Although I still live paycheck to paycheck, the money I've earned is helping me cover my bills, including offsetting my car payment. Related storiesI have a ranch-style farmhouse home with a pool and a backyard that sits on half an acre of land. But I usually block off plenty of time on the calendar for personal yard time with my kids.

Persons: —, Samantha Bosley, I've, It's, it's Organizations: Service, Business Locations: Scottsdale , Arizona, Sniffspot, Scottsdale

☆ These are the best ways to play GenAI as it disrupts new industries, according to RBC
▼ + stars: | 2024-07-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Semiconductor stocks and technology behemoths get all the acclaim when it comes to artificial intelligence, but RBC Capital Markets is offering up some alternate ways to play the theme. Other technology giants have followed suit, with Amazon closing above a $2 trillion market value for the first time ever last month. Against this backdrop, RBC Capital Markets highlighted some of its favorite ways to play the theme beyond the classic winners, viewing AI as the "next disruptive mega-trend." While the social media giant has already gotten a boost from the trend, RBC Capital Markets expects shares to benefit from a world where digital advertisers market toward AI and virtual assistants. RBC Capital Markets also highlighted a handful of software stocks that could win big as AI proliferates, viewing the tool as a "revenue enhancer and profitability expander" that may take three to five years to materialize.

Persons: behemoths, GenAI, CrowdStrike, Eaton, Thomson Organizations: RBC Capital Markets, Nvidia, RBC Capital, Adobe, Accenture, Thomson Reuters Locations: Shopify

CNN —Joe Biden’s team provided a list of questions to a radio host who interviewed the president this week in the aftermath of his debate performance, the host told CNN. CNN reporting later clarified that it was the Biden campaign that handled the interview. Blackwell pointed out that both Lawful-Sanders and Earl Ingram, host of “The Earl Ingram Show” in Milwaukee who also interviewed the president this week, asked Biden “essentially the same questions.”A Biden campaign spokesperson on Saturday did not deny that the campaign provided questions but said interviews were not conditioned on the acceptance of provided questions. Reached for comment Thursday night, a Biden campaign spokesperson slammed the “absurdity” of criticism of the president’s missteps. “Meanwhile, Joe Biden and his campaign are bullying media into asking pre-screened and approved questions and trying to pass it off like it’s normal behavior.

Persons: Joe Biden’s, ” Andrea, Sanders, CNN’s Victor Blackwell, ”, Blackwell, “, Biden, Earl Ingram, The Earl Ingram, Biden “, “ It’s, he’d, Lauren Hitt, George Stephanopoulos, –, Ammar Moussa, Sanders ’, Donald Trump’s, Mike Gooding, Dan Kennedy, Mike, Trump, Steven Cheung, Joe Biden, CNN’s Aaron Pellish, Kate Sullivan Organizations: CNN, “, White House, Biden, Democratic, ABC News, NATO, Trump Locations: Philadelphia, Milwaukee, Washington, Virginia, Chesapeake , Virginia

Vice President Kamala Harris looks on during a campaign event at Girard College in Philadelphia, Pennsylvania, on May 29. Biden always says not to compare him to the almighty, but to the alternative. That’s her keeping close to Biden — but it’s also Biden keeping her close. Despite her efforts, Democratic politics has started to reshape around her — as has former President Donald Trump’s campaign, which has already begun attacking Harris. Other officials and advisers said plans are underway to convince Biden to immediately throw his support behind Harris, release his Democratic delegates and ask them to follow his choice.

Persons: Kamala Harris, Elizabeth Frantz, Joe Biden’s, Kamala Harris ’, Biden, Harris, That’s, it’s, Donald Trump’s Organizations: Girard College, Reuters, Democratic, Biden, CNN Locations: Philadelphia , Pennsylvania

☆ Nvidia gets rare Wall Street downgrade on valuation concerns
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

New Street Research is raising the alarm on shares of Nvidia after the chip giant's June rally. Shares of Nvidia have surged 159% so far this year, building on an AI-fueled rally that kicked off in late 2022 when ChatGPT debuted. Any negative opinion on Nvidia is pretty much unheard of these days on Wall Street. There was only one other downgrade of Nvidia from buy to hold this year, by Germany's DZ Bank in May. Given this contrarian outlook, New Street set a $135 price target on Nvidia, assuming a 35 times multiple, in line with its 2019 and early 2020 multiple.

Persons: Pierre Ferragu, ChatGPT, Ferragu Organizations: New, Research, Nvidia, Germany's DZ Bank

☆ Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street is sticking with semiconductor stocks after its hot start to the year. SMH YTD mountain Share performance in 2024 That said, many investors and analysts expect another strong glide path for the industry in the second half. "The AI theme continues to remain very strong," said CFRA Research analyst Angelo Zino, who holds a buy rating on Nvidia. Many on Wall Street view this upcycle as a significant tail wind for Micron Technology as the industry edges out of its trough. But many on Wall Street viewed the sell-off as a buying opportunity , with Goldman Sachs analyst Toshiya Hari expecting market share gains in high-bandwidth memory.

Persons: frothiness, Angelo Zino, you've, Ken Mahoney, John Belton, we're, Management's Paul Meeks, that's, Harlan Sur, Baird, Ted Mortonson, Jeff deGraaf, CNBC's, Gabelli's Belton, Belton, Meeks, Goldman Sachs, Toshiya Hari, Hari, CFRA, Zino, Baird's Mortonson Organizations: VanEck Semiconductor, Nvidia, Devices, CFRA, Gabelli Funds, Broadcom, JPMorgan, KLA Corp, Cadence Design Systems, Micron Technology, Micron, Qualcomm, Apple Locations: unchartered

☆ Private equity is booming. How to get a job in the finance industry's newest 'it' sector.
▼ + stars: | 2024-07-05 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +10 min

Getty Images; Shutterstock; BIThe traditional path to private equity starts with an investment banking job out of college. In 2023, private equity firms started reaching out in July before junior investment bankers finished their summer training. But at its core, private equity is in the business of making money by buying and running companies. Samantha Lee/InsiderA small group of headhunters and other advisors hold power over the private equity recruitment process. More on private equity pay and hiring:Have private equity's 'Hunger Games' recruiting tactics gone too far?

Persons: —, Blackstone, Apollo isn't, Goldman Sachs, it's, David Wurtzbacher, Wurtzbacher, Wharton, Graham Weaver, you've, Samantha Lee, We've, Jon Gray, Drew Angerer, Skye Gould, Steve Schwarzman, Jonathan Gray, Gray, Thoma Bravo, Atlantic's, Carlyle, Warburg Pincus, Wharton's, Axel Springer Organizations: Service, Apollo, KKR, Business, Getty, CPA, BI, Alpine Partners, Alpine's, Harvard Business School, Stanford's Graduate School of Business, Alpine, of Foreign Labor, Bain Capital, Blackstone, Harvard, Games, Wall, Citadel, headhunters, dealmakers, Private, PJT Partners, Centerbridge, of Michigan Locations: San Francisco, UPenn, Carlyle, Blackstone, Axel

☆ Biden facing intense scrutiny as campaign ramps up unscripted events
▼ + stars: | 2024-07-04 | by ( Betsy Klein | ) edition.cnn.com time to read: +5 min

In a radio interview taped Wednesday that aired Thursday, Biden made some verbal missteps. Reached for comment Thursday night, a Biden campaign spokesperson slammed the “absurdity” of criticism of the president’s missteps. “It was clear what President Biden meant when he was talking about his historic record including a record number of appointments to the federal bench. This is not news and the media has passed the point of absurdity here,” Biden campaign spokesman Ammar Moussa said. I don’t debate as well as I used to,” Biden said last Friday at a Raleigh, North Carolina, campaign rally.

Persons: Joe Biden’s, Biden, George Stephanopoulos, “, —, ”, Andrea, Sanders, ” Biden, Ammar Moussa said, bungle, Donald Trump, didn’t, you’re, CNN’s Phil Mattingly, Samantha Waldenberg, Arlette Saenz Organizations: CNN, Democratic, ABC News, NATO, Biden, Air Force Locations: Philadelphia, Wisconsin, France, United States of America, ’, Raleigh , North Carolina

☆ ABC News interview with Biden will now air as a ‘primetime special’ on Friday
▼ + stars: | 2024-07-03 | by ( Samantha Waldenberg | ) edition.cnn.com time to read: +1 min

CNN —The ABC News interview with President Joe Biden will now air “in its entirety as a primetime special” on Friday evening at 8:00 P.M. ET/PT, the network announced Wednesday evening. The high-profile interview will be the first televised interview the president is expected to participate in since his poor showing at last week’s CNN presidential debate. The first clip will still air on “World News Tonight” on Friday evening. Biden will be interviewed by ABC’s George Stephanopoulos on the campaign trail earlier in the day and ABC News says a transcript of the unedited interview will also be made available on Friday. CNN’s MJ Lee reported earlier on Wednesday that the president privately acknowledged the next stretch of days is critical (including the president’s interview with ABC) to whether he can save his reelection bid, making clear to an ally that he understands what would prompt him to accept: “It’s just not working.”Originally, ABC said it would air parts of Stephanopoulos’ interview with Biden on Friday at 6:30 p.m.

Persons: Joe Biden, Biden, ABC’s George Stephanopoulos, CNN’s MJ Lee, “, David Muir, ”, George Stephanopoulos, Donald Trump Organizations: CNN, ABC, ABC News

☆ Stocks making the biggest moves premarket: Paramount, Tesla, Constellation Brands and more
▼ + stars: | 2024-07-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla — The electric vehicle maker rose nearly 3% , a day after posting stronger-than-expected delivery numbers for the second quarter. Shares popped 10% during Tuesday's session. Constellation Brands — The beer and wine stock rose more than 2% after a better-than-expected earnings report. Southwest Airlines — Shares were fractionally lower after the airline carrier announced it had adopted a shareholder rights plan. Shares dipped about 1% during Tuesday's session.

Persons: Tesla, LSEG, Eli Lilly, — CNBC's Lisa Han, Jesse Pound, Sarah Min Organizations: Paramount, Paramount Global, Skydance Media, The New York Times, Wall Street Journal, Constellation Brands, Constellation, Southwest Airlines —, Elliott Investment Management, Food and Drug Administration, MGM Resorts, MGM Resorts International

☆ How Denisovans survived and thrived on ‘the roof of the world’
▼ + stars: | 2024-07-03 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

“We know that the Denisovans lived, occupied the cave and this Tibetan plateau for such a long time, we really want to know, how did they live there? Analysis of bone fragments unearthed during excavations at Baishiya Karst Cave have revealed what animals Denisovans butchered, ate and processed. Traces of Denisovan DNA found in present-day people suggest the ancient species likely once lived across much of Asia. Many of the bones recovered from Baishiya Karst Cave, like this spotted hyena vertebra, contain traces of human activities such as cut marks. Unlike Denisova Cave, which was occupied by early modern humans and Neanderthals as well as Denisovans, current evidence suggests that Denisovans were the only group of humans to live at Baishiya Karst Cave, Zhang said.

Persons: CNN — Denisovans, Denisovans, ”, Dongju Zhang, Zhang, Denisovan, Frido Welker, Xia Li, Welker, Dongju, Samantha Brown, ” Brown Organizations: CNN, Lanzhou University, Globe, Paleoanthropology, University of Copenhagen, Mass, Junior, Palaeoproteomics, Germany’s University of Tübingen Locations: Xiahe, China’s Gansu, —, China, Lanzhou, Cave, Altai, Siberia, Asia, Laos, Southeast Asia, Ganjia, Australia

☆ Democratic governor says Biden ‘fit for office’ after president meets with group of state leaders
▼ + stars: | 2024-07-03 | by ( Jack Forrest | ) edition.cnn.com time to read: +4 min

Tim Walz said Wednesday that President Joe Biden is “fit for office,” following a meeting with the president as he looks to ease fears about his ability to lead the country and take on Donald Trump in November. “Yes, fit for office,” the governor said in response to a question from a reporter, shortly after the closed door meeting between Biden, Vice President Kamala Harris and nearly every Democratic governor in the country. Moore, largely considered to be a rising star in the Democratic Party, described the meeting as “honest” and “candid” as the governors shared concerns with the president. What we saw in there today was a guy who was the guy that all of us believed in the first time who could beat Donald Trump and he did beat Donald Trump.”Democratic Govs. In a statement to CNN, Newsom said, “I heard three words from the President – he’s all in.

Persons: Tim Walz, Joe Biden, Donald Trump, “, Biden, Kamala Harris, Walz, — Walz, Wes Moore, Kathy Hochul —, Moore, ” Moore, we’re, ” Hochul, ”, ” Walz, ” Democratic Govs, Gavin Newsom, Gretchen Whitmer, Newsom, – he’s, Joe Biden’s, Whitmer, Harris, CNN’s Elise Hammond, Samantha Waldenberg, Kit Maher, Betsy Klein Organizations: CNN, Minnesota Democratic Gov, Democratic, White House, Maryland Gov, New York Gov, Democratic Party, ” Democratic Locations: Maryland, Michigan

☆ Stocks making the biggest moves midday: Paramount Global, Tesla, MGM Resorts and more
▼ + stars: | 2024-07-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Paramount Global's special committee is reviewing and voting on the agreement , CNBC reported, citing a person familiar with the matter. Tesla — The electric vehicle company jumped another 6%, bringing its week-to-date gains to 24%. Constellation Brands — Shares of the beer and wine company fell 2.5% after its first-quarter sales came in just below expectations. Silver miners were up 4.3% on Wednesday and on pace for their best day since May 17, while gold miners were up 3.76% and on pace for their best day since March 20. Copper miners also gained 4%, tracking for their best day since May 17.

Persons: Tesla, Dan Ives, LSEG, Jerome Powell, —, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox, Gina Francolla Organizations: Paramount, Skydance Media, National Amusements, CNBC, Elon, MGM Resorts, MGM, Constellation, U.S, Federal, Constellation Energy, Reuters, Pennsylvania Locations: Tuesday's

☆ AI resurrects deceased actors’ voices to read audiobooks
▼ + stars: | 2024-07-03 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

Earlier this week, AI company ElevenLabs said it is bringing digitally produced celebrity voice-overs of deceased actors, including Garland, James Dean and Burt Reynolds, to its newly launched Reader app. “We deeply respect their legacy and are honored to have their voices as part of our platform,” said Dustin Blank, head of partnerships at ElevenLabs. The AI is trained on old recordings and those recordings are under copyright. It’s not unlike a company negotiating a copyright deal to use a popular song by Queen in an ad. It’s unclear, however, how AI versions of well-known voices will be received by mass audiences and if it will raise concerns around authenticity.

Persons: Judy Garland, Oz, you’ll, ElevenLabs, Garland, James Dean, Burt Reynolds, ”, Dustin Blank, Joe Biden, OpenAI, Scarlett Johansson’s, ” Johansson, David Gunkel, “, Queen, they’re, ” Bern Elliot, Al Michaels, Michaels, Gunkel Organizations: CNN, Hollywood, New, Northern Illinois University, Gartner, Media, NBC Locations: ElevenLabs

☆ CDK Global says ‘substantially all’ dealers back online after crippling hack
▼ + stars: | 2024-07-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —CDK Global said “substantially all” of the nearly 15,000 car dealerships that use its software across North America are back online to its core management system, almost two weeks since a cyber incident caused a software blackout. “We are happy to report that we are ahead of the anticipated schedule,” an automated message on CDK’s customer care phone line said. The outage began on Wednesday, June 19, after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. Auto dealerships use CDK’s software to manage everything from scheduling to records. For days, CDK has said it had started restoring its software, but both car buyers and dealers remained at a standstill.

Persons: CDK, “ It’s, ” Bernard Irvin, Samantha Delouya Organizations: New, New York CNN, Auto, Anderson Economic, Ford, CNN Locations: New York, North America, Greenville , South Carolina

☆ Stocks to buy if Trump leads Republican sweep after Biden debate flop, according to Wolfe Research
▼ + stars: | 2024-07-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Wolfe Research is laying out some potential stock winners if former president Donald Trump wins the White House and Republicans sweep both houses of Congress in November. Here are some of the stocks that could benefit from what Wolfe called "a GOP Trifecta" in the fall: Trump Media & Technology Group is one name that could win big from a Trump sweep. Coinbase is another potential winner from a Trump victory. Among other financial stocks, Wolfe Research also highlighted Charles Schwab . Wolfe also highlighted 3M , Halliburton , Dow and Sempra on a lengthy list of stocks that should benefit from a Trump win.

Persons: Wolfe, Donald Trump, Joe Biden, Biden, Coinbase, Charles Schwab, Ben Hendrix Organizations: White House, Trump Media & Technology, Trump, Wolfe Research, Health, UnitedHealthcare, RBC Capital, GOP, SolarEdge Technologies, Halliburton, Dow, Sempra

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