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☆ Greece wildfires: Evacuations ordered near Athens as authorities try to contain blaze
▼ + stars: | 2024-08-12 | by ( Chris Liakos | Alex Stambaugh | ) edition.cnn.com time to read: +3 min

CNN —A fast-spreading wildfire continued to rage close to the Greek capital of Athens on Monday, prompting authorities to ask residents to evacuate their homes. Fire authorities warned Monday that the wildfire had “developed rapidly” and was heading towards Penteli, around 16 kilometers (about 10 miles) northeast of Athens. Greek authorities have battled dozens of blazes already this summer after enduring its hottest June and July on record. Kikilias warned over the weekend that “extremely high and dangerous weather conditions” would continue through Thursday. Angelos Tzortzinis/AFP/Getty Images“Winds overnight remained strong creating dangerous conditions.

Persons: Vassilis, Kikilias, Adonis Georgiadis, Angelos Tzortzinis, Vasilios Vathrakoyiannis, ” Organizations: CNN, ERT, Getty, ” CNN, Authorities Locations: Athens, Varnavas, Penteli, AFP, Greece

CNN —All 62 bodies have been recovered from the site of the deadly plane crash outside São Paulo on Friday afternoon, according to the state government. The bodies of 34 men and 28 women were recovered, according to the São Paulo government, who said that only two - the pilot and co-pilot - have been identified so far. The passenger plane crashed outside São Paulo on Friday afternoon, killing everyone on board after dropping 17,000 feet in just one minute – but it is not yet clear why. The flight had left Cascavel, in the Brazilian state of Parana, and was en route to Guarulhos, in São Paulo state. Preparations are expected to begin Monday for a wake to be held in Cascavel, where the plane took off, according to affiliate CNN Brasil.

Persons: São, Paulo, Maycon Cristo, ”, São Paulo, CNN’s Marcia Reverdosa, Marcelo Mardeiros, Vasco Cotovio Organizations: CNN, São Paulo, Public, Regional airline Voepass, CNN Brasil Locations: Brazilian, Parana, Guarulhos, São Paulo, Sao Paulo, São, Santa Catarina, Cascavel

☆ Olympic gold medal race between USA and China comes down to the final day
▼ + stars: | 2024-08-11 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +2 min

Paris CNN —It’s the final day of the Summer Olympics and the USA and China have tied in the overall gold medal rankings from these 2024 Summer Olympics. While Team USA is far ahead in the total medal rankings with 126 in Paris, it went into the last competition of the Games trailing China in the gold medal race by one. The Asian nation finished with 40 gold medals, and the US had 39 entering the final event – the women’s basketball gold medal game between Team USA and France. Team USA would win that game in dramatic circumstances, leading to a tie in the gold medal standings. In 2021, Team USA took the overall gold medal race by one, with 39 to China’s 38.

Persons: Paris CNN —, “, Cheryl Reeve, it’s, Jennifer Valente, Li Wenwen Organizations: Paris CNN, Summer, USA, Games, China, Team USA, US, Italy, Italians Locations: USA, China, Paris, France, American, Tokyo

☆ Jordan Chiles: US gymnast stripped of bronze medal in floor exercise
▼ + stars: | 2024-08-11 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —The International Olympic Committee (IOC) announced on Sunday that the bronze medal given to American gymnast Jordan Chiles in the floor exercise at the Paris Games will be awarded to her Romanian counterpart Ana Bărbosu. And the IOC confirmed that the score change will mean Chiles will be stripped of her bronze and given to Bărbosu. Ana Bărbosu reacts after competing in the women's floor exercise. Immediately after the competition finished on Monday with Chiles’ routine, Bărbosu thought she had won the bronze medal after posting a score of 13.700. However, CAS’ ruling that the inquiry submitted on behalf of Chiles “was raised after the conclusion of the one-minute deadline” stipulated in the regulations threw Chiles’ medal into doubt.

Persons: Jordan Chiles, Ana Bărbosu, Chiles, Ana Barbosu, “, Jordan, Jamie Squire, Rebeca Andrade, Simone Biles, Andrade, Chiles “, ” CNN’s Issy Ronald, Jacob Lev, Homero De La Fuente, Dan Moriarty Organizations: CNN, Olympic Committee, Paris Games, Sport, USA, Gymnastics Federation, IOC, International Gymnastics Federation, NOC, Paralympic, FIG, Games Locations: Romanian, Romania, ”, “

☆ Biden Says He Dropped Out to Avoid Becoming a ‘Distraction’ for Democrats
▼ + stars: | 2024-08-11 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

President Biden said in an interview that aired on Sunday that he had abandoned his bid for a second term because he did not want to create “a real distraction” for Democrats, but he expressed no second thoughts about whether he could still do the job, despite concerns about his age and capacity. In his first interview since ending his re-election campaign on July 21, Mr. Biden said that he had “no serious problem” with his health, but added that the highest priority had to be defeating former President Donald J. Trump. “A number of my Democratic colleagues in the House and Senate thought that I was going to hurt them in the races,” he said. “And I was concerned if I stayed in the race, that would be the topic. “When I ran the first time, I thought of myself as being a transition president,” he said.

Persons: Biden, Donald J, Trump, ”, Robert Costa, Nancy Pelosi, it’d, “ Organizations: Trump, CBS, Democratic

☆ Californians are buying fewer Teslas. That could be a bad sign for Elon Musk.
▼ + stars: | 2024-08-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Read previewTesla has a California problem — its residents aren't buying as many of Elon Musk's electric cars as they used to. And California isn't the only place where Tesla's chokehold on the EV market is beginning to slip. Tesla CEO Elon Musk has attributed lackluster sales to high interest rates and economic uncertainty in the US. But, while Tesla's sales are dropping, the EV market as a whole is expanding, including in California. Similarly, data from CNCDA shows that EV sales in California hit their second-highest quarter on record in July.

Persons: —, Tesla, Elon, Elon Musk, Gavin Newsom, Newsom, Noam Galai, Musk, Donald Trump, wouldn't, Ivan Drury, Edmunds, California there's, Brian Moody, Moody Organizations: Service, Golden State, Car Dealers, US, Business, Cox Automotive, California, Forbes, Experian Automotive, SpaceX, Democratic Party, Auto Locations: California

☆ Harris Leads Trump in Three Key States, Times/Siena Polls Find
▼ + stars: | 2024-08-10 | by ( Lisa Lerer | Ruth Igielnik | ) www.nytimes.com time to read: +1 min

Vice President Kamala Harris leads former President Donald J. Trump in three crucial battleground states, according to new surveys by The New York Times and Siena College, the latest indication of a dramatic reversal in standing for Democrats after President Biden’s departure from the presidential race remade it. Ms. Harris is ahead of Mr. Trump by four percentage points in Wisconsin, Pennsylvania and Michigan, 50 percent to 46 percent among likely voters in each state. The surveys were conducted from Aug. 5 to 9. The polls, some of the first high-quality surveys in those states since Mr. Biden announced he would no longer run for re-election, come after nearly a year of surveys that showed either a tied contest or a slight lead for Mr. Trump over Mr. Biden. [On question after question, the poll finds that voters don’t seem to have major reservations about Kamala Harris, Nate Cohn writes.]

Persons: Kamala Harris, Donald J, Trump, Biden’s, Harris, Biden, Nate Cohn Organizations: The New York Times, Siena College, Mr Locations: Wisconsin , Pennsylvania, Michigan

☆ Millennial couple left $10,000 in cash sitting in a closet for years — why they still stress about money
▼ + stars: | 2024-08-10 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Around six years ago, married couple Christina, 37, and Noah, 35, took $10,000 out of the bank. After the massive withdrawal, the money continued to sit — in cash — in their closet for another three years. Noah, on the other hand, is comfortable with what they have and hesitant to spend any money beyond what they absolutely need to. "I think you have a dramatic miscalibration with what a lot of money means," Sethi told them. But sometimes you just need to take an honest look at the numbers," Sethi told her.

Persons: Christina, Noah, Ramit Sethi, Rich, Sethi, they're, Christina shouldn't

☆ Jordan Chiles’ floor score reversed after Romanian appeal, putting Olympic bronze medal in question
▼ + stars: | 2024-08-10 | by ( Tess Demeyer | ) www.nytimes.com time to read: +4 min

CAS said it’s now up to the International Gymnastics Federation to determine how medals should be reassigned given the ruling. GO DEEPER How a score inquiry led to gymnast Jordan Chiles' Olympic bronzeThe appeal by the Romanian federation requested all three athletes be placed in third and allocated medals, the court said in its release. After Chiles finished her routine, Bărbosu beamed and held the Romanian flag to celebrate winning bronze, unaware that Chiles’ coach had submitted an inquiry. Upon seeing the changed score, Chiles began screaming in celebration. Before Chiles’ inquiry, Bărbosu and Maneca-Voinea were tied for third with identical scores of 13.700.

Persons: Jordan Chiles ’, Rebeca Andrade, Simone Biles, Chiles, it’s, Ana Maria Bărbosu, Sabrina Maneca, ” Chiles, Jordan Chiles, Jade Carey, Bărbosu, Jordan, Voinea, Gabriel Bouys Organizations: International Gymnastics Federation, Sport, FIG, Romanian Gymnastics Federation, Paris Games, USA, U.S, Olympic, Paralympic Committee, Getty Locations: Brazil, Romanian, ”, AFP

☆ American gymnast Jordan Chiles’ bronze medal in floor exercise in doubt after CAS ruling
▼ + stars: | 2024-08-10 | by ( Issy Ronald | Jacob Lev | ) edition.cnn.com time to read: +3 min

CNN —The Court of Arbitration for Sport (CAS) ruled on Saturday that the initial inquiry made by the USA over Jordan Chiles’ score in Monday’s gymnastics floor exercise final was filed after the one-minute deadline. That means that Chiles’ score is being reverted to the original 13.666, which was only good enough for fifth place. It’s unclear as of Saturday what that means for the bronze medal that Chiles was awarded. Immediately after the competition finished on Monday with Chiles’ routine, Romanian gymnast Ana Bărbosu thought she had won the bronze medal after posting a score of 13.700. CNN has reached out to the FIG to ask what their ruling will be on whether Chiles’ medal will be revoked.

Persons: Jordan Chiles, Chiles, Ana Bărbosu, Rebeca Andrade, Simone Biles, Andrade, Chiles “, ”, Sabin Gherdan, Marcel Ciolacu, Ciolacu, Ana Bǎrbosu, Sabrina Maneca, Bǎrbosu, Voinea, ” Chiles Organizations: CNN, Sport, USA, Jordan Chiles ’, Games, International Gymnastics Federation, FIG, Olympic, Paralympic Committee, Federation, Olympic Games Locations: Romanian, ”, Paris, “

☆ We went to the Amalfi Coast during peak summer season. These 4 tips made our trip better — but there's one mistake I won't make again.
▼ + stars: | 2024-08-10 | by ( Alesandra Dubin | ) www.businessinsider.com time to read: +5 min

AdvertisementRegularly taking our food to go saved us moneyWe stopped for photos while walking around the Amalfi Coast. Packing fashionably but practically was keyComfortable shoes are helpful when walking around the Amalfi Coast. Alesandra DubinThe Amalfi Coast is like a fashion show in high season — a feast for the eyes of chic coastal Italian style. Still, I wish we hadn't overbooked and tried to do too muchWe tried to see a lot of the Amalfi Coast in just a few days. Alesandra DubinOur Airbnb in Sorrento was our hub from which we'd visit the Amalfi Coast and surrounding area on day trips.

Persons: —, it's, I'd, Alesandra Dubin, overbooked Organizations: Service, —, Business Locations: Southern Italy, Amalfi, Amalfi Coast, Sorrento, Capri

A pair of Secret Service counter snipers, dubbed Hercules 1 and Hercules 2, surveilled the crowd from directly above and behind the stage. He radioed the local command post controlled by Butler County law enforcement and notified them of the kid with the rangefinder. “I can’t believe that the Secret Service hasn’t talked to any of our people,” he said prior to Friday’s reach out. In a different location, the Secret Service and state police set up another command post. New video reveals frustrationNicols, Woods, Young and other Beaver County officers weren’t the only ones to express concerns about the Secret Service planning.

Persons: Butler, Donald Trump’s, Greg Nicol, Trump, ” Nicol, Nicol, Thomas Matthew Crooks, ”, Pat Young, “, – Nicol, Jason Woods, Butler County’s, –, Woods, ” Woods, Crooks, Donald Trump, Brendan McDermid, AGR, Someone’s, Young, Puy, didn’t, Nate Bible, – Young, hasn’t, couldn’t, Anthony Guglielmi, ” “, ” Guglielmi Organizations: Pennsylvania CNN, CNN, Service, Beaver County SWAT, Secret Service, Glass Research, Secret, Trump, Authorities, Reuters, Pennsylvania State Police, Washington Post, FBI, Post, Army National Guard, CNN Secret Service, Attorney, ABC, Police Department, Butler, Police Locations: Pennsylvania, Butler , Pennsylvania, Pittsburgh, Butler, Butler County, ‘, Beaver County, AGR, Beaver, Iraq, Beaver , Pennsylvania, Majlie, Puy Kamp, Washington, U.S

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

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

☆ Bull trap? It's 'make or break' time for U.S. soft landing case, strategist says
▼ + stars: | 2024-08-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

U.S. stocks have whipsawed since last Friday, with a sharp sell-off followed by a bounce-back on Thursday. This led the S&P 500 to its strongest session since 2022, leaving it around the 5,310 level. The S&P 500 is facing a key test level as the consensus view of a soft landing for the U.S. economy reaches a "make or break" point, according to one strategist. But essentially what that means is a bull trap squeeze, where there's a lot of leveraged, bullish views on [the] back of a consensus soft landing view, which ultimately is now make or break." William described a bull trap as a selling point in which bullish consensus is proven wrong.

Persons: Ron William, CNBC's, William, that's, Ron William's Organizations: Advisory Locations: U.S, —

CNN —A passenger plane carrying 61 people crashed outside São Paulo on Friday afternoon, killing everyone on board, according to a statement issued by airline Voepass. All of the passengers had Brazilian documents, airline officials said, though it’s not yet clear if any had dual citizenship. A plane is seen falling out of the sky into the city of Vinhedo, Brazil, on August 9, 2024. A man who missed the flight told Brazilian news outlet Globo that at least 10 people were waiting at the wrong gate and missed the flight before it took off. When they realized they were at the wrong gate, the passengers begged the airport employees to let them board the plane but were told they could not.

Persons: São, ” Voepass, it’s, Eduardo Busch, ” Busch, Guilherme Derrite, ”, São Paulo, Luiz Inácio Lula da Silva, “, CNN’s Julia Vargas Jones, Marcelo Moreno, CENIPA, you’re, ’ –, ‘, ’, CNN’s Isa Soares, Tatiana Arias, Pam Boykoff, Marcelo Medeiros, Lex Harvey Organizations: CNN, São Paulo, Voepass, Legal, Brazil Air Force, Busch, Brazilian Aeronautical Registry, ATR, CNN Brasil, Passengers, Brazilian, Globo Locations: Vinhedo, Brazil, Brazilian, Parana, Guarulhos, São Paulo, Campinas, São, Private, European

☆ Paramount to lay off 15% of staff amid brutal period in media
▼ + stars: | 2024-08-08 | by ( Liam Reilly | Jon Passantino | ) edition.cnn.com time to read: +3 min

New York CNN —Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. Discovery, the parent company of CNN, TNT, HGTV and other cable networks, posted a $9.1 billion write down on its television business. “And this impairment acknowledges this.”The recent turbulence in the media business extends well beyond the traditional television industry, affecting digital news outlets and print publications. As profits in the television business have eroded away, Paramount has been hit particularly hard. Paramount said its streaming service Paramount+ posted a $26 million profit after losing $424 million during the same period last year and said it expects subscriber growth in the second half of the year.

Persons: David Ellison’s SkyDance, Chris McCarthy, “, ”, David Zaslav, Axios, Jim VandeHei Organizations: New, New York CNN, Paramount Global, Skydance Media, Paramount, Warner Bros, CNN, TNT, HGTV, Broadcasting, Cable, Nickelodeon, Comedy Central, MTV, Discovery, HBO, Max Locations: New York

☆ Nikkei 225: Japan stock market rally fades as fears of US economic slowdown, yen volatility return
▼ + stars: | 2024-08-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after losing nearly 2% on Tuesday and Wednesday combined. But those fears, as well as a further jump in the value of the yen, are still haunting the market. The volatility in the yen, which was at the heart of recent market turmoil, remains elevated, he added. On Monday, the Nikkei plummeted by the most since 1987, sparking a broader global market sell-off. The narrowing of the interest rate differentials, which had enabled the yen carry trade, could push the yen higher, Kuptiskevich added.

Persons: Hong Kong CNN —, Germany’s DAX, Shinichi Uchida, Uchida, ”, Stephen Innes, Alex Kuptsikevich, Masamichi Adachi, Innes, Taiwan’s Taiex, Hang Organizations: Hong Kong CNN, Nikkei, CAC, Nasdaq, Bank of Japan, Federal Reserve, FxPro, Federal, Fed, UBS, UBS Chief Investment, Kospi, Hang Seng Locations: Hong Kong, Europe, Japan, unwind

☆ Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market
▼ + stars: | 2024-08-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening. Stock market futures, which had been negative earlier, turned sharply positive following the 8:30 a.m. In the previous week, claims had jumped by 14,000, adding to worries that layoffs are on the rise. "If you're looking for additional weakness in the labor market, you'll need to find it somewhere else." Concerns escalated over the state of the labor market following last Friday's nonfarm payrolls report, which showed an increase of just 114,000 in July.

Persons: Dow Jones, Beryl, Robert Frick, nonfarm Organizations: Labor Department, Navy Federal Credit Union, Federal Reserve Locations: Michigan, Texas, U.S

☆ Disney falls on concerns about its theme park business. Here's why we'd buy the stock
▼ + stars: | 2024-08-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. The combined streaming business — encompassing Disney+, Hulu and ESPN+ — turned in its first-ever quarterly profit slightly ahead of schedule. Then, about two weeks ago, CNBC parent Comcast issued weak April-to-June results for its Universal theme parks business, which weighed on Disney's stock in that session . And, at this point, getting to profitability in the combined streaming business, which adds ESPN+ into the mix, was the biggest focus. "So, I do believe the parks business is in fundamentally good shape.

Persons: LSEG, —, Jim Cramer, Jim, we're, Hugh Johnston, Johnston, Disney, Bob Iger, Jim Cramer's, Walt, Gary Hershorn Organizations: Disney, Revenue, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, Hulu, CNBC, PepsiCo, Wall Street, ABC Network, Geographic, Management, Magic, Walt Disney World, Corbis, Getty Locations: U.S, India, Orlando , Florida

☆ What you should do with your 401(k) in a highly volatile market
▼ + stars: | 2024-08-07 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

But if you’re investing in a 401(k), daily market dramas are no reason to take dramatic actions with your portfolio. There will be days when the market is up and days when it’s down. What’s more, Ornstein said, “Typically, the best days in the market follow the worst days.” Over the past 20 years, he added, if you had stayed fully invested in the market throughout, your average annual returns would be nearly twice what they would have been had you missed the 10 best days. Say you set up a portfolio of 70% stocks and 30% bonds but now it’s morphed into a 60/40 portfolio. And since 1960 there have been far more positive annual returns on the S&P 500 than negative ones, Smith said.

Persons: Doug Ornstein, you’re, ” Quincy Krosby, Andy Smith, it’s, Ornstein, Smith Organizations: New, New York CNN, Investment, LPL, Edelman Locations: New York, What’s

Harris expected to announce her VP pickBy the end of the day, the world will know who Kamala Harris’ 2024 running mate will be. This is Morning Rundown, a weekday newsletter to start your day. Simone Biles won the silver medal in the floor exercise, bringing her final Paris medal count to four: three golds and one silver. Google’s antitrust loss is a win for internet regulatorsIn a massive antitrust lawsuit ruling, a federal judge found that Google has an illegal monopoly on search engines and text advertisements. Despite some posts and influencers recommending close to 100 grams of protein per day, experts say the answer is far less.

Persons: Kamala Harris, Harris, Kamala Harris ’, Josh Shapiro, Sen, Mark Kelly of, Tim Walz —, JB Pritzker, Andy Beshear, Pete Buttigieg, Joe Biden, Donald Trump, Read, Simone Biles, Suni Lee, Biles, Jordan Chiles, Brazil’s Rebeca Andrade, Chiles, Andrade, Elsa, Gabby Thomas, McKenzie Long, Brittany Brown, Noah Lyles, Spain’s, Peacock, Debby, Biden, TikTok, dietitians, Cori Bush, Dan Newhouse, Trump, Clarence Thomas, Domenick Fini, he’s, — Melissa Chan, Elizabeth Robinson Organizations: Google, Pennsylvania, Minnesota Gov, Illinois Gov, Kentucky Gov, Paris, National Hurricane Center, U.S, Asad Air Base, NBC News, White, Republican, NBC, An Army, CDC, WHO, Marion County Record Locations: U.S, Philadelphia, Mark Kelly of Arizona, Minnesota, Kentucky, Paris, Los Angeles, ’, Spain, France, Morocco, Egypt, Tropical, Georgia, Florida, United States, South Carolina, North Carolina, Gainesville , Florida, Mississippi, Florida , Georgia, Iraq, Jordan, Israel, Lebanon, Iran, Missouri, Kansas , Michigan , Missouri, Washington, Kansas, Virginia

mapodile/E+/Getty ImagesFor individual investors, the quick-turn global rout in stocks on Monday was unsettling, even with news Tuesday that there is somewhat of a bounce-back going on. But if you’re investing in a 401(k), daily market dramas are no reason to take dramatic actions with your portfolio. Andy Smith, executive director of financial planning at Edelman Financial Engines, puts it this way: “Separate your emotion from your money. Say you set up a portfolio of 70% stocks and 30% bonds but now it’s morphed into a 60/40 portfolio. And remind yourself periodically that even bear markets have not stopped the long-term increases in stocks over time.

Persons: you’re, ” Quincy Krosby, Andy Smith, it’s, Smith Organizations: LPL, Edelman

The U.S. women's national soccer team is looking to continue its undefeated streak at this year's Olympics as the squad prepares for a second match against Germany in the semifinals. She became the youngest player on the women's squad to score in extra time in a knockout round at the Games since the 2004 Athens Olympics. Marc Atkins / Getty ImagesRodman, along with Sophia Smith, 23, and Mallory Swanson, 26, have been a defining feature of this new era of the U.S. women's national team so far. Winning against Germany would guarantee at least a silver medal as the team moves into the final match. The only other time the women's national team has gone undefeated at the Olympics was in 2012, which was also the last time the team won gold at the Games.

Persons: Trinity Rodman, Marc Atkins, Rodman, Sophia Smith, Mallory Swanson, Emma Hayes, Hayes, Swanson, Smith, Brad Smith, It's, Alex Morgan, Morgan, Lindsay Horan, Crystal Dunn, Rose Lavelle, Lavelle, Samantha Coffey, Korbin Albert, Coffey, Emily Fox Organizations: U.S, soccer team, Germany, Games, Olympics, Trinity, Japan, Getty, women's, American Locations: Germany, U.S, Athens, France

☆ The popular 'carry trade' is unwinding — and economists fear Fed rate cuts could make matters worse
▼ + stars: | 2024-08-06 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Rapid interest rate cuts from the Federal Reserve could make matters worse for the global "carry trade" unwind, according to economists at TS Lombard. The warning comes as market participants seek to aggressively roll back on carry trades following a dramatic global sell-off in risk assets. Carry trades refer to operations wherein an investor borrows in a currency with low interest rates, such as the Japanese yen, and reinvests the proceeds in higher-yielding assets elsewhere. The readings led investors to worry that the Federal Reserve may be behind the curve in cutting interest rates to fend off a recession. But this would exacerbate any carry trade unwind," economists at TS Lombard said in a research note published Monday.

Persons: paring Organizations: Federal Reserve, TS Lombard, Stock, Federal Locations: Europe

☆ Why we're not concerned about Amazon — and GE Healthcare gets a big endorsement
▼ + stars: | 2024-08-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 and Nasdaq added more than 1%, while the Dow Jones Industrial Average also was solidly in the green. Jim said Stifel's endorsement of GE Healthcare was important "because GE Healthcare actually had a good quarter .... but the market is ignoring it entirely." THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim Cramer's, Jim, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones, Justice Department, Apple, Amazon, GE Healthcare

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