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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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Washington CNN —The White House on Tuesday fended off tough questions about President Joe Biden’s mental fitness, acknowledging his poor performance in last week’s debate while maintaining the president is still able to hold and run for office. The president did not have a great night,” White House press secretary Karine Jean-Pierre said. Campaign officials are scrambling to calm donors who were shocked by Biden’s halting, hoarse performance. The White House announced Tuesday that Biden is expected to meet with Democratic governors and congressional leaders Wednesday after some demanded a meeting with the president. Jean-Pierre also addressed recent reporting that Hunter Biden had been joining his father in recent White House meetings.
Persons: Joe Biden’s, , Karine Jean, Pierre said, We’re, Biden, Biden campaign’s dismissiveness, ABC’s George Stephanopoulos, Donald Trump, Jean, Pierre, he’s, , ” Biden, ” Jean, Hunter Biden, Hunter, Camp David, MJ Lee, Kamala Harris outpacing Biden, Harris, ” Harris, Joe Biden, Trump, Betsy Klein Organizations: Washington CNN, White, Democratic, Biden campaign’s, House, NATO, , The New York Times, CNN, NBC, Camp David, Camp, Trump, CBS Locations: Washington, North Carolina, Europe, Virginia, Italy, Biden’s
AdvertisementWhen is the Nordstrom Anniversary Sale? The 2024 Nordstrom Anniversary Sale is happening for everyone from July 14 until August 4. You can apply here for the Nordstrom card and get inducted into the Nordy Club, which gets you early access to the Anniversary Sale. Here's when you can start shopping Nordstrom Anniversary Sale dates based on your Nordy Club status. AdvertisementHow to maximize discountsThe best way to maximize discounts during the anniversary sale is to get a Nordstrom credit card.
Persons: Jeans, you'll, hasn't, Giorgio, Bobbi Brown, Trish McEvoy Organizations: Business, Nordstrom, tote, Nordy Locations: Longchamp, concealer
Boeing , Spirit AeroSystems — Boeing on Monday said it would buy back fuselage maker Spirit AeroSystems in a $4.7 billion all-stock deal. Trump Media & Technology Group — Shares of Trump Media & Technology Group rose 3% following a roughly 11% loss during Friday's session. Nio — The Chinese electric vehicle stock rose 6% on Monday after the company said vehicle deliveries rose nearly 100% in June . Tesla — The electric vehicle stock popped 6%. NextEra Energy Partners — The renewable energy stock dropped 5%.
Persons: Keith Gill, Joe Biden, Donald Trump, Birkenstock, Nio, Tesla, Beryl, , Jesse Pound, Michelle Fox, Alex Harring, Sarah Min, Hakyung Kim Organizations: GameStop, Boeing, Trump Media & Technology, Trump Media & Technology Group, UBS, Point Capital Management, NextEra Energy Partners, Royal Bank of Canada, Cruise, Royal Locations: Point, Grenada, Royal Caribbean
Unlike the more popular fixed-rate mortgage loans, ARMs can offer temporary relief for homebuyers who want to avoid paying higher mortgage rates — however, they also come with risk. That means when mortgage rates increase, many ARM loan holders, like Hernandez, experience the unpleasant shock of significantly higher monthly home payments. Mortgage rates have remained elevated, adding fuel to one of the most unaffordable housing markets in decades. To Hernandez, it made little sense to refinance the loan while the 30-year fixed mortgage rate remains higher than her new adjusted rate. Marquis said that taking out an ARM loan might be worthwhile for those with a higher risk appetite.
Persons: Jennifer Hernandez, Houston, Hernandez refinanced, homebuyers, ­, Hernandez, Lorriane Jones, , blindsided, , I’ve, “ I’ve, ” Andrew Marquis, ” Marquis, Marquis, hasn’t, “ I’m Organizations: CNN, ARM, Intercontinental Exchange, ICE, Mortgage, Association, Federal Reserve Locations: Southern California, Lexington , Massachusetts
Stock futures rose in overnight trading Sunday as Wall Street looked ahead to the second half of 2024. Futures tied to the Dow Jones Industrial Average added 55 points, or 0.1%, while S&P 500 futures gained 0.2%. Wall Street is coming off a losing session for the major averages, of a strong finish to the first half of the trading year. The Dow Jones Industrial Average underperformed due to a pullback in the second quarter, adding 3.8%. Beforehand, S&P PMI manufacturing and ISM manufacturing data for June are due out Monday, along with may construction spending.
Persons: Lip, CNBC's Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Nvidia, Dow, BakerAvenue Wealth Management, Investors, PMI
Extended CDK outage brings chaos to car dealers
  + stars: | 2024-06-30 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +4 min
CNN —As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate. Piecemeal progressThe outage began last Wednesday after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. “I work at a major body shop, and it has really hurt us,” one worker wrote to CNN about the outage. “15,000 dealerships is an awful lot to have control over when you do the math,” Irvin said of CDK. And after more than a week at home, Phillips’ boss texted him to return to work on Friday.
Persons: “ It’s, , Bernard Irvin, , ” ‘, Norm Phillips, hadn’t, ” Phillips, “ I’ve, CDK, Phillips, ” Phillips wasn’t, ” Irvin, Irvin, texted, “ I’m Organizations: CNN, CDK, Workers, Ford, Anderson Economic, Dealer, Benz, Honda, Ford Bronco Sport, Ford Bronco Locations: Greenville , South Carolina, North America, New Jersey
Samantha Brown shared three underrated travel destinations to avoid crowds. Brown has visited over 90 countries in her 20-year career as a seasoned travel host. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom Europe and Asia to South America and Australia, Samantha Brown has been to more than 90 countries around the world. This story is available exclusively to Business Insider subscribers.
Persons: Samantha Brown, Brown, , Samantha Brown's, She's Organizations: Service, PBS, Business Locations: Australia, Canada, Europe, Asia, South America
Nike — The athletic apparel giant plummeted 19% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Trump Media & Technology — Shares of Trump Media & Technology Group declined about 2%, reversing an earlier gain on the heels of the first presidential debate between former President Donald Trump and President Joe Biden. Infinera — Shares of the networking solutions supplier rallied 18% after Nokia announced its plans to acquire the company for $2.3 billion. Kura Sushi USA — The sushi company plunged 25% after posting disappointing preliminary revenue figures for the third quarter. Digital Realty Trust — The real estate investment trust moved 2% higher following an upgrade at JPMorgan to overweight from neutral.
Persons: Donald Trump, Joe Biden, Infinera, Baird, Brennan Crowley, — CNBC's Michelle Fox, Alex Harring, Samantha Subin Organizations: Nike, LSEG, Trump Media & Technology, Trump Media & Technology Group, Nokia, SAP —, BMO Capital, Digital Realty Trust, JPMorgan, Realty Trust
Today, Zara, H&M, and Aritzia have become the go-to stores. Related storiesVersatile attire rather than strictly professional clothes makes sense with Zara's brand mission. Samantha Grindell/Business InsiderAgain, the jacket was work-appropriate, but I thought I would feel uncomfortable in the office in the skort because of its length. Samantha Grindell/Business InsiderThe outfit that surprised me most was a white set with a $69 tank top and $89 shorts. Samantha Grindell/Business InsiderThe COS clothes were slightly more expensive than the pieces from Zara, but the price difference felt minuscule considering the COS pieces' quality.
Persons: , It's, Katie Reeves, Samantha Grindell, Nordstrom, Zara didn't, I've Organizations: Service, Abercrombie, Fitch, Outfitters, Business, M, COS, M Group, Zara Locations: Hollister, Zara, London, America, New York, Mexico, Lower Manhattan
Learn moreNordstrom's Anniversary Sale is here and it's one of the best times to save on brands you already know and love. This is their best sale of the year, with deeper discounts than you'll find during any of their other promotions. AdvertisementWhen is the Nordstrom Anniversary Sale? The 2024 Nordstrom Anniversary Sale is happening for everyone from July 14 until August 4. Here's when you can start shopping Nordstrom Anniversary Sale dates based on your Nordy Club status.
Persons: Jeans, you'll, hasn't, Giorgio, Bobbi Brown, Trish McEvoy Organizations: Business, Nordstrom, tote, Nordy Locations: Longchamp, concealer
In April, she found what she thought were the perfect shoes at Jimmy Choo. AdvertisementDante told BI that representatives from Jimmy Choo apologized to her for her experience on Tuesday. AdvertisementDante ultimately got a refundDante considered buying a different pair of Jimmy Choo shoes but ultimately decided she just wanted a refund on the original pair. #jimmychoo @Jimmy Choo ♬ original sound - michaelarose123Dante told BI she expected better customer service from a luxury retailer. But she told BI she won't be in a rush to buy another luxury product herself.
Persons: , Michaela Dante, Dante, Jimmy Choo, I've, Michaela Dante That's, Dante Dante, Dante hadn't, didn't, @michaelarose123, jimmy choo, michaelarose123 Dante, Jimmy Choo's Organizations: Service, Area, Business, BI Locations:
Rosenblatt is laying out its top artificial intelligence pick heading into the second half of 2024. Here are some of the firm's top picks going into the second half of the year, as AI shows no signs of a slowdown: Rosenblatt named Advanced Micro Devices among its top picks. MU YTD mountain Micron shares this year Shares of Micron have rallied 58% this year but slumped 7% on Thursday after the memory chipmaker shared in-line guidance . Analyst Barton Crockett highlighted Apple as a stock to follow in the second half. The firm also named CrowdStrike , Five9 and Autodesk among its picks for the second half.
Persons: Rosenblatt, Hans Mosesmann, Mosesmann, Barton Crockett, Crockett Organizations: Nvidia, Micro Computer, Devices, AMD, Micron Technology, AI, MU, Micron, Apple, Autodesk Locations: Thursday's, hyperscalers
Nike — Nike shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. Trump Media & Technology — Shares of Trump Media & Technology jumped more than 10% on the heels of the first presidential debate between former president Donald Trump and President Joe Biden. JPMorgan upgraded Digital Realty Trust to overweight, saying that shares look poised to benefit from AI and cloud growth. SAP — SAP rose about 1% before the bell. BMO Capital Markets upgraded shares to outperform and lifted its price target, citing "high visibility" into bookings and revenue.
Persons: Donald Trump, Joe Biden, Infinera, , Jesse Pound Organizations: Nike — Nike, Trump Media & Technology, Nokia, JPMorgan, Realty Trust, SAP, BMO Capital Markets
Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock plummeted more than 24.5% after the retail company reported third-quarter earnings results that missed Wall Street's expectations . Levi Strauss — The denim maker's stock tumbled 17.1% after revenue came in at $1.44 billion for the second fiscal quarter. International Paper — Shares of the paper manufacturing company fell nearly 8% following the news that Suzano is no longer pursuing a potential acquisition of the company. Hunterbrook Capital, a hedge fund Hunterbook is affiliated with, has a short position in the company's shares. Micron Technology — The memory chip stock shed nearly 7% after Micron Technology offered guidance that was roughly in line with expectations.
Persons: Levi Strauss, Suzano, Gary Friedman, AeroVironment, Goldman Sachs, Alex Harring, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Walgreens, Alliance, CVS, LSEG, Hunterbrook Media, Hunterbrook, Micron Technology, Arista Networks, Citi
Investors should consider using the pullback in Micron Technology to snatch up shares, according to several Wall Street analysts. His $175 price target implies upside of more than 22% from Wednesday's close. Goldman Sachs analyst Toshiya Hari also viewed the drop as a buying opportunity, citing expectations for growth in AI compute and high-bandwidth memory market share gains. Hari has a price target of $158, signaling 11% upside over the next 12 months. MU 1D mountain Micron shares fall on in-line guidance Wells Fargo's Aaron Rakers reiterated his overweight rating and $190 price target, implying more than 33% upside.
Persons: Christopher Danely, Goldman Sachs, Toshiya Hari, Hari, Harlan Sur, Bernstein, Mark Li, Timothy Arcuri, Wells Fargo's Aaron Rakers, Vivek Arya Organizations: Micron Technology, MU, Micron, UBS, Bank of Locations: Wednesday's, CY25, ramping HBM
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AT&T, T-Mobile and Verizon confirmed to CNN that their customers are experiencing intermittent issues while traveling overseas. “We’re one of several providers impacted by a third-party vendor’s issue that is intermittently affecting some international roaming service,” a T-Mobile spokesperson told CNN. “We’re working with them to resolve it.”Meanwhile, Verizon told CNN about 30% of its customers’ calls and data connections from overseas are not going through right now. The issue stems from an international third-party communications provider called Syniverse, which manages international roaming connections for various carriers. “Since the onset of these issues, Syniverse has been working closely with our network partners to restore full service,” the statement said.
Persons: , Syniverse, CNN’s Jordan Valinsky Organizations: CNN, Mobile, Verizon
CNN —NBC is bringing a version of famed sportscaster Al Michaels back to the Olympics this summer with an unlikely twist: His voice will be powered by artificial intelligence. NBC announced on Wednesday it will use AI software to recreate Michaels’ voice to deliver daily recaps of the Summer Games for subscribers of its Peacock streaming platform, a milestone for the use of AI by a major media company. The use of an AI voice for the Olympics comes as the technology has grown by leaps and bounds, particularly in its ability to create images, sound and text. NBC said the AI system was trained using prior NBC broadcast audio from Michaels. The highlights tool will be available on Peacock via web browsers and iOS and iPadOS apps starting July 27.
Persons: Al Michaels, Michaels, Peacock, ” Michaels, , CNN Michaels, He’s Organizations: CNN, NBC, Summer Games, Olympics, Amazon Prime, ABC, NBC Sports Locations: Paris, , Lake Placid , New York
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Rivian 's latest partnership with Volkswagen could prove a major boon for investors and the broader auto industry, according to some Wall Street analysts. As part of the plan, Volkswagen will inject $1 billion, followed by an additional $4 billion investment planned by 2026. RIVN 1D mountain Shares pop on Volkswagen venture But Wall Street views the deal as a potential turnaround opportunity that can help limit execution risks and uncertainties surrounding funding that have spooked investors in recent months. Big wins for the auto industry While the venture justifies Rivian's strategy, some on Wall Street anticipate potential big wins for the broader auto industry. He added that the venture also highlights the need for proprietary electronic control units and software.
Persons: Rivian, John Murphy, Ryan Brinkman, Dan Levy, Levy, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Tesla, Piper Sandler, Alexander Potter, America's Murphy Organizations: Volkswagen, Bank of America, JPMorgan, Barclays, Bank, Lucid Group Locations: China
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Read previewJason Kelce has a new favorite royal: Princess Charlotte. At one of the performances, they met three of the most famous people to ever come to a Swift show: Prince William, Prince George, and Princess Charlotte. Prince William brought his kids to the Eras TourWilliam attended the concert on Friday with George, 10, and Charlotte, 9. Princess Charlotte left an impressionJason said that meeting Princess Charlotte, who was grinning from ear to ear in her photos with Swift, was "the highlight" of his interaction with the royals. "I gotta say, Prince William was fantastic, but the highlight was Princess Charlotte," Jason said.
Persons: , Jason Kelce, Princess Charlotte, Taylor Swift, Swift, Travis Kelce, Travis, Jason, Kylie Kelce's, Prince William, Prince George, Princess Charlotte . Prince William, William, George, Kate Middleton, Prince Louis, Prince of Wales, Kylie, I've, Charlotte, Wyatt, Bennett Organizations: Service, Wembley, London Authority, Business, London Locations: London, Charlotte, American
Rivian Automotive — Shares of Rivian Automotive skyrocketed more than 40% after the electric vehicle company secured up to $5 billion in funding from Volkswagen Group. A so-called short squeeze added fuel to the gain as about 19% of the Rivian shares available for trading were sold short before this news, according to FactSet. Nvidia — The chip stock added more than 2%, building on a nearly 7% rebound during Tuesday's session. Aptiv — The automotive technology stock dropped 7% after Piper Sandler downgraded Aptiv to underweight from neutral and cut its price target. Robinhood — Shares added 3%.
Persons: Bosch, Mills, Aptiv, Piper Sandler, Campbell, Ken Goldman, Wolfe, Sarah Min, Lisa Han, Jesse Pound, Michelle Fox Organizations: Rivian Automotive, Volkswagen Group, FactSet, FedEx — FedEx, Whirlpool, Reuters, Southwest Airlines —, Nvidia, Citi Research, Rivian, Volkswagen, JPMorgan, United States Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Micron Technology Locations: Tuesday's
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