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For Donald J. Trump’s most devoted supporters, the bullet that nicked his ear and came within inches of ending his life was only further proof that a higher power is looking out for him. “I don’t see this as luck,” said the Rev. Nathaniel Thomas, a Republican National Convention delegate and a pastor from the Washington, D.C., area. “I see this as God’s protection.”After he spent decades pursuing riches, fame and power, Mr. Trump’s life has been far from pious. Yet he has drawn a committed core of followers — many in Milwaukee this week for his nominating convention — who view him as handpicked by God for a second term in the White House.
Persons: Donald J, Trump’s, , , Nathaniel Thomas, Jesus, Cyrus, David, Trump Organizations: Republican National Convention, D.C Locations: Washington, Milwaukee
View at Amazon What we like Check mark icon A check mark. High-end HDR performanceCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Supports a wide color gamutCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: Sharp, OLED Organizations: Business, Dell, LG, Asus, Amazon, Amazon LG, AMD, Amazon Dell, Samsung, Amazon Prime
LONDON — The International Monetary Fund on Tuesday lifted its 2024 growth outlook for the U.K. to 0.7% from 0.5%, providing a further boost to the country's new government. Looking ahead, the Washington, D.C.-based IMF reiterated its forecast for 1.5% U.K. growth in 2025 in the July update of its World Economic Outlook. Investment bank Goldman Sachs earlier this month nudged its 2025 forecast for the U.K. economy 0.1 percentage point higher, to 1.6%. Other economies given a 2024 growth upgrade by the IMF on Tuesday included the euro zone, which it lifted by 0.1 percentage point to 0.9%, Spain, up 0.5 percentage point to 2.4%, and China, up 0.4 percentage point to 5%. It lowered its forecast for the U.S. economy by 0.1 percentage point to 2.6%.
Persons: Taylor, Goldman Sachs, Keir Starmer, Goldman, — CNBC's Sophie Kiderlin, Vicky McKeever Organizations: Nine, Monetary Fund, D.C, Investment, Labour, European Union . Deutsche Bank, Friday, Deutsche Bank, Jefferies, Bank of England, Reuters, IMF Locations: Ruskin Park, London, England, Washington, brightening, Spain, China, U.S, Asia
Wolfe Research initiated coverage of Amazon with an outperform rating, calling for nearly 30% upside. 7:03 a.m.: Goldman Sachs increases Spotify price target Goldman Sachs thinks Spotify will surpass Wall Street's second-quarter earnings forecasts. The firm and increased its price target to $320 from $317 on shares while maintaining a neutral rating. The analyst upgraded the e-commerce stock to buy from neutral and raised his price target to $82 per share from $78. Analyst Alan Gould downgraded the forum social network stock to hold from buy and reiterated a $75 per share price target.
Persons: Wolfe, Goldman Sachs, Wall, Eric Sheridan, Brian Evans, Shopify, Brad Sills, Sills, — Brian Evans, Jefferies, Surinder Thind, Piper Sandler, Peter Keith, Keith, DLTR, Alan Gould, Gould, Shweta, Khajuria, Fred Imbert Organizations: CNBC, Wolfe Research, Bank of America, Spotify, Jefferies, EPAM, EPAM Systems, Trump, Biden, Democrat, Advertising, Cloud Computing, Health, Business, Amazon Logistics Locations: Reddit, Monday's
CNBC considers the housing market as part of the Economy category in America's Top States for Business, the annual rankings of all 50 states. We consider price appreciation and seller gains, as well as affordability, inventory, and housing starts. Still, price appreciation remains healthy. That price appreciation may be bringing more construction activity, which is one reason inventory levels are rising. 1 (Top States Grade: A+) Appreciation: 6.85% Inventory (July): 4 months Affordability score: 0.44 Effective property tax rate: 0.76% Median sales price: $420,100
Persons: Indiana homebuyers, Elijah Nouvelage, Tennessee Cynthia Holzapfel, Cynthia Holzapfel, Kevin Wurm, Roger Kisby, Allison Joyce, Sellers, Sam Wolfe, Jakub Porzycki Organizations: CNBC, Business, Istock, Getty, Indiana, Hoosier State, Bloomberg, Washington Post, Volunteer State, Southern Highlands, ., State, North Carolina Workers, Arizona, South Carolina Homes, Palmetto State, Nurphoto Locations: States, Delaware, Brookside Delaware, Indiana, Midwest, USA, Georgia, Atlanta , Georgia, U.S, Peach, Summertown , Tennessee, Nevada, Las Vegas , Nevada, . New Jersey New Jersey, Barnegat, , New Jersey, Illinois, Lillington , North Carolina, Alabama, Yuma , Arizona, Summerville , South Carolina, Palmetto, Florida, Duval, Key West, United States
The Democratic National Committee announced on Tuesday that it would pour $15 million into the party’s ground game in seven battleground states, an early cash infusion into the nuts and bolts of campaigning as Republicans hold their national convention in Milwaukee. The money, which will go directly to the Democrats’ state parties, will be used to open more field offices, expand data collection efforts and hire staff members to cover more terrain in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. “This is the largest-ever investment made to battleground state parties at this point in time,” Jaime Harrison, the chair of the D.N.C., said in a statement. “And we continue to build our state-by-state war chests in preparation to re-elect President Biden and Vice President Harris in November.”The $15 million summer expenditure amounts to a bet by Democrats that a sophisticated and sprawling ground game in battleground states can overcome the turmoil engulfing President Biden’s campaign, after weeks in which key elected Democrats and donors have defected from him and called for him to step aside over concerns about his age and acuity.
Persons: ” Jaime Harrison, Biden, Harris, Biden’s Organizations: Democratic National, Democrats Locations: Milwaukee, Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin
Gaelen Morse | ReutersRepublican presidential nominee Donald Trump's pick of Sen. JD Vance as his vice presidential running mate will have sent chills down spines in Kyiv Tuesday morning. Ash has previously questioned Vance's position on Ukraine and the suggestion that Europe should bear the responsibility of helping Ukraine to defend itself against Russia. Trump has always appeared ambivalent over the war in Ukraine and continuing aid. The comment was an ominous one for Ukraine, however, suggesting Trump could be tempted to pull the rug on further aid. "Donald Trump would mean a big break with a couple of NATO policies, in particular on the question of Ukraine and support to Ukraine.
Persons: JD Vance, Donald Trump, Gaelen Morse, Donald Trump's, Sen, Ohio Republican Vance, Volodymyr Zelenskyy's, Trump, Vance, Ukraine —, Vladimir Putin, Europe hasn't, Timothy Ash, Ash, Vance et, Volodymyr Zelensky, Mitch McConnell, Charles Schumer, Drew Angerer, Zelenskyy, Russia's Putin, Mikhail Klimentyev, Reuters Keen, ringfence, Guntram Wolff, Wolff, Putin Organizations: Republican, U.S, Reuters Republican, Kyiv Tuesday, Ohio Republican, Marines, Kyiv —, NBC News, Financial Times, NATO, BlueBay Asset Management, Russia, Capitol, Republicans, National Governors Association, Trump, Sputnik, Reuters, CNBC Locations: Youngstown , Ohio, Kyiv, Ukraine, U.S, Russia, Europe, Russian, United States, America, Washington ,, Utah, Osaka, Japan, Washington, Trump
JPMorgan highlighted Amazon as its best idea going into the second-quarter earnings season for technology stocks, followed by Uber and Google . JPMorgan analyst Doug Anmuth wrote that the Wall Street bank remains bullish on larger players in the industry, for now. The analyst highlighted Amazon as his favorite stock for the near and long term. Amazon stock has gained 27% this year. "Google remains focused on innovation, and we continue to believe there is healthy runway across Search and YouTube ads as AI drives higher ROI & TV dollars shift online," the analyst wrote.
Persons: Uber, Doug Anmuth, Anmuth, Michael Bloom Organizations: JPMorgan, Google, Amazon Web, Costco, YouTube
Leaders of the Democratic National Committee are moving swiftly to confirm President Biden as his party’s presidential nominee by the end of July, according to four people briefed on the matter who insisted on anonymity to discuss the sensitive deliberations. The move would formalize Mr. Biden as the nominee at a moment when Democrats are torn over whether he should run again after his poor debate performance. Since May, he has been set to be confirmed through a virtual roll call, weeks before the Democratic National Convention in August. But as Mr. Biden faces persistent doubts from within his party, some delegates involved with the behind-the-scene bureaucratic process are eager to end the public conversations about his future that are unfolding during a fiercely contested campaign.
Persons: Biden Organizations: Democratic National Committee, Democratic National Convention
Judge Aileen Cannon had been on the federal bench for little more than a year when a senior judge offered to preside over one of her first criminal trials in her isolated south Florida courthouse. “It’s very lonely,” Senior Judge Paul C. Huck told CNN of Fort Pierce, a small fishing and citrus community on the edge of the Southern District of Florida where Cannon is the only federal judge. They also said Cannon’s lack of trial experience, both as a lawyer and a judge, is apparent. In her seven years as a Justice Department attorney, Cannon participated on the trial teams of just four criminal cases. And on the bench, she’s only presided over a handful of criminal trials — and Huck took over one of them.
Persons: Aileen Cannon, , Paul C, Huck, Cannon, , Donald Trump, She’s, she’s, Trump, Read Organizations: CNN, Southern, Southern District of, Justice Department Locations: Florida, Fort Pierce, Southern District, Southern District of Florida, America
On Today’s Episode:Biden Asks America to ‘Lower the Temperature’ After Trump Shooting, by Michael D. ShearHere’s What Is Known About the Suspect Who Tried to Assassinate Trump, by Campbell Robertson, Jack Healy, Nicholas Bogel-Burroughs and Glenn ThrushAfter Shooting at Trump Rally, Officials Say R.N.C. Security Is ‘Ready To Go,’ by Julie Bosman, Ernesto Londoño and Dan SimmonsIsrael Struck Twice in Its Attack on Al-Mawasi, Videos and Photos Show, by Riley MellenPromised Cures, Tainted Cells: How Cord Blood Banks Mislead Parents, by Sarah Kliff and Azeen Ghorayshi
Persons: Biden, Michael D, Trump, Campbell Robertson, Jack Healy, Nicholas Bogel, Burroughs, Glenn Thrush, Julie Bosman, Ernesto Londoño, Dan Simmons Israel, Riley Mellen, Blood Banks, Sarah Kliff Organizations: Trump, Trump Rally Locations:
Powell: Fed pandemic policies 'will stand up well in history'
  + stars: | 2024-07-15 | 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 EmailPowell: Fed pandemic policies 'will stand up well in history'Fed Chair Jerome Powell speaks at the Economic Club of Washington D.C.
Persons: Powell, Jerome Powell Organizations: Economic, of Washington D.C
Burberry, the British luxury brand, on Monday reported falling sales, suspended its dividend and replaced its chief executive, as it grapples with a pullback in spending by consumers on high-end fashion and related goods. Burberry said revenue fell more than 20 percent in its latest quarter, which ended June 29. To bolster its balance sheet, Burberry paused its dividend. The company named Joshua Schulman as its new chief executive, replacing Jonathan Akeroyd, who is leaving the company immediately. The abrupt departure of Mr. Akeroyd, a fashion industry veteran who was previously chief executive of Versace and Alexander McQueen, came less than two and a half years after he was tapped to run Burberry.
Persons: ” Gerry Murphy, Burberry, Joshua Schulman, Jonathan Akeroyd, Akeroyd, Versace, Alexander McQueen Organizations: Burberry Locations: London
Unlike the main wedding festivities over the weekend, this event was "just for close family and friends," she said. AdvertisementMukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Anand Piramal, Nita Ambani, Anant Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani and Akash Ambani stand on the stage. Decorations around the Ambani family's residence in Mumbai, India, ahead of the wedding of Anant Ambani on July 12. Priyanka Chopra Jonas and Nick Jonas attend the Ambani wedding on Friday. Kim Kardashian and Khloe Kardashian were among a number of high-profile guests at the Ambani wedding in Mumbai.
Persons: , Anant Ambani, Radhika Merchant's, Merchant's, I'm, Nita Mukesh Ambani, Mukesh Ambani, Isha Piramal, Anand Piramal, Nita Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani, Akash Ambani, Justin Bieber, You'll, They're, Ambani, Bhushan Koyande, Celebrities, Preston Bailey, Anant, Priyanka Chopra Jonas, Nick Jonas, Francis Mascarenhas, everyone's, Kim Kardashian, Khloe Kardashian, Kardashian, Narendra Modi, Luis Fonsi, John Cena, PUNIT PARANJPE, didn't, Law Roach Organizations: Service, Business, sangeet, Reliance Industries, Reuters, Staff, Hindustan Times, Getty Images Merchant, Vogue, Hollywood, Food, India's Locations: Mumbai, India, Bombay
For Nvidia CEO Jensen Huang, being almost the only game in town for AI chips isn't enough. AdvertisementThe company also runs Nvidia Inception, an incubator and venture network that counts more than 20,000 early-stage companies among its membership. "I think it's crazy," said another founder whose company received investment from NVentures, who spoke on condition of anonymity. Any company trying to do anything major in AI has spent the past two years buying them by the truckload. AdvertisementHe says he's received personal calls from Huang in which the Nvidia CEO weighs in on company decisions or expresses disapproval of his public statements.
Persons: Jensen Huang, Chris Brown, Brown, Huang, Vishal Bhagwati, Sid Siddeek, Jensen, Umesh, Padval, Uber, Nvidia's, Lisa Su, he's, there's Organizations: Service, Nvidia, Business, Corporate, Cohere's, Google, AMD Locations: Silicon Valley, New York, NVentures, OpenAI
Left-leaning demonstrators had been preparing for months to march through downtown Milwaukee at the start of the Republican National Convention on Monday. The attempted assassination of former President Donald J. Trump on Saturday, protest organizers said, would not change those plans. Republican Party leaders said that Mr. Trump would still accept the nomination in person on Thursday. And protesters, a consistent presence at national political conventions, said they would be there, too. Mr. Flores said that his group intended to come “within sight and sound” of Fiserv Forum, the main convention hall.
Persons: Donald J, Trump, Trump’s, ” Omar Flores, Flores Organizations: Republican National Convention, Republicans, Secret Service, Republican Party, Coalition, Organizers, Fiserv Locations: Milwaukee, Pennsylvania
A C-130 Hercules aircraft undergoes scheduled maintenance in a hangar at Robins Air Force Base. A C-130 flies above Robins Air Force Base in Georgia. US Air Force photo by Jamal D. SutterRetired Col. J.F. Advertisement"He was dedicated to what he did," Michael Lohrey said. When asked whether Fisher's arrest feels like justice at all, Michael Lohrey said, "Absolutely not."
Persons: , Michael, Teresa Lohrey, Ryan Lohrey, Military.com, Teresa, We're, James Michael Fisher, Fisher, Joseph Mather, Kelsey McCarty, McCarty, Greg Feith, Jamal D, Sutter, J.F, Joseph, Caine, Sean E, Mark, Brendan C, Johnson, Joshua M, Snowden, Julian M, Owen J, Lennon, Cpl, Daniel I, Collin J, Schaaff, Robert H, Cox, William J, Chad E, Jenson, Talon, Leach, Joseph J, Murray, Dietrich, Michael Lohrey Organizations: Service, KC, 130T, Marines, Business, Air Force, Robins Air Force Base, US Air Force, Aviation, National Transportation Safety, Marine Corps, Lohrey, Elliott, Hopkins, Staff Locations: Mississippi, Georgia
The bombshell ruling by Judge Aileen Cannon in the U.S. District Court for the Southern District of Florida — who was appointed to that position by Trump — ruling comes two days after a would-be assassin narrowly missed killing Trump during a campaign rally in western Pennsylvania. A federal judge in Florida on Monday dismissed the criminal classified documents case against former President Donald Trump and two co-defendants, ruling that the appointment of special counsel Jack Smith as prosecutor for the case violated the appointments clause of the U.S. Constitution. The ruling is just the latest in a series of controversial rulings and decisions by Cannon that have been seen as favoring Trump. Trump still faces three other pending criminal prosecutions, all of which he had referenced in his Truth Social post. It is not clear yet how that ruling will affect the election case against him.
Persons: Trump's, Walt Nauta, Carlos De Oliveira, Trump, Judge Aileen Cannon, Trump —, Donald Trump, Jack Smith, Cannon, General Merrick Garland, , Joe Biden's, Joe Biden, Tanya Chutkan, Chutkan Organizations: Republican National Convention, GOP, Southern, Southern District of, Trump, White, U.S . Constitution, U.S, Supreme, U.S . Senate, Washington , D.C, Manhattan, Democrat Justice Department Locations: Lago, Milwaukee, U.S, Southern District, Southern District of Florida, Pennsylvania, Florida, U.S ., United States, Washington ,, York, Georgia, Washington
Not really," Chaudhry, the billionaire founder and CEO of cloud security company Zscaler, tells CNBC Make It. Together, they plunged their life savings — roughly $500,000 — into SecureIT, a cybersecurity software startup they co-founded in 1997. His timing was perfect: In 1998, Chaudhry sold SecureIT to VeriSign in an all-stock deal worth nearly $70 million. I said, "If [Netscape co-founder] Marc Andreessen could start a company — he was a young guy [right] out of college — why shouldn't I start a company?" It took us a few years to really start getting traction in the market, and VCs can write you off and move on.
Persons: Jay Chaudhry, he'd, Chaudhry, Jyoti, SecureIT, Chaudhry —, , Marc Andreessen, Let's, we'd, Zscaler, you'll, VCs Organizations: IBM, Unisys, CNBC, Netscape, Atlanta, Software, BellSouth, Fortune, Forbes, IDC, Gartner, VCs Locations: India, SecureIT, Atlanta, Alpharetta , Georgia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell's comments were a 'victory lap speech,' says Jeffries' David ZervosDavid Zervos, Jeffries’ chief market strategist, joins CNBC's 'The Exchange' to discuss Fed Chair Jerome Powell's comments at the Economic Club of Washington D.C.
Persons: Jeffries, David Zervos David Zervos, Jerome Powell's Organizations: Economic, of Washington D.C
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with "long and variable lags" to explain why the Fed wouldn't wait for its target to be hit. Instead, the central bank is looking for "greater confidence" that inflation will return to the 2% level, Powell said. "What increases that confidence in that is more good inflation data, and lately here we have been getting some of that," he said. Powell said at the top of his appearance that he was not intending to make any signals about when the Fed might start to cut interest rates.
Persons: Jerome Powell, Powell, you've, Powell's Organizations: Economic, of Washington D.C
Quinn Ewers is among the legions of sports fans who will rejoice over a subtle change when the first new college football video game in more than a decade debuts this week. Ewers will be able to play as himself rather than as an unnamed 6-foot-2-inch athlete with strikingly similar features who also wears a No. A primary reason many fans buy a new version of the same sports video game every year is to play with updated team rosters, ones filled with offseason acquisitions and unbridled optimism. But to comply with amateurism rules, college sports titles like the popular N.C.A.A. Football franchise long had to fill those rosters with thinly veiled stand-ins.
Persons: Quinn Ewers, , Ewers Organizations: Longhorns, University of Texas, Football
Federal Reserve Chair Jerome Powell is set to address the Economic Club of Washington, D.C., on Monday as traders look for hints about when the central bank will cut interest rates. Powell will partake in a discussion with David Rubenstein, chairman of the Economic Club and co-founder of The Carlyle Group. These will be Powell's first remarks since Thursday's consumer price index report, which showed that prices went down in June on a monthly basis. He also said the central bank did not need to wait for inflation to actually reach its 2% target before cutting rates. The Federal Reserve has a policy meeting at the end of July, but a rate cut is seen unlikely at that time.
Persons: Jerome Powell, Powell, David Rubenstein Organizations: Economic, of Washington, of Washington , D.C, Economic Club, The, Group, Capitol, Fed, Federal, Traders Locations: of Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell on inflation: Fed 'overestimated how quickly the economy would return to normal'Fed Chair Jerome Powell speaks at the Economic Club of Washington D.C.
Persons: Powell, Jerome Powell Organizations: Economic, of Washington D.C
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell on former President Trump's assassination attempt: A 'sad day for our country'Federal Reserve Chair Jerome Powell addresses the Economic Club of Washington, D.C., on Monday. He denounces the attempted assassination of former President Trump at a Pennsylvania rally last weekend.
Persons: Powell, Trump's, Jerome Powell, Trump Organizations: Federal, Economic, of Washington, of Washington , D.C Locations: of Washington ,, Pennsylvania
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