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☆ Amazon tells employees to return to office five days a week
▼ + stars: | 2024-09-16 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. The decision marks a significant shift from Amazon's earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Amazon's headcount totaled 1.53 million employees in the second quarter, representing growth of just 5% from a year earlier. If anything, the last 15 months we've been back in the office at least three days a week has strengthened our conviction about the benefits. Before the pandemic, not everybody was in the office five days a week, every week.

Persons: Andy Jassy, they've, Jassy, didn't, Amazon's headcount, it's, we're, I've, we've, It's, Andy Organizations: Amazon, Healthcare, U.S, Puget Sound Locations: NYC, Arlington, Europe

Evercore ISI lowered its price target on Alphabet to $200 from $225 , citing antitrust worried. Analyst Atif Malik's $130 price target, up from $119, implies that the stock could rally 17% from here. The firm upgraded the software giant to a buy rating and hiked its price target to $210 from $155. The investing firm downgraded the online bank to neutral from buy and removed its $44 price target. — Lisa Kailai Han 5:49 a.m.: Evercore ISI trims Alphabet price target Alphabet's antitrust issues will limit upside going forward, according to Evercore ISI.

Persons: Atif, Malik, — Lisa Kailai Han, Ben Reitzes, Reitzes, BTIG, Vincent Caintic, Caintic, Lisa Kailai Han, KeyBanc, Justin Patterson, Patterson, GE Vernova, Julian Mitchell nodded, Mitchell, Mark Mahaney, Mahaney, Fred Imbert Organizations: CNBC, ISI, Barclays, GE Vernova, Citi, Oracle Melius Research, Oracle, Ally, Spotify, TAM, GE, General Electric, Electric Utilities, DOJ, Google, Microsoft, TAC Locations: Friday's, MI, United States, U.S

☆ We ranked the latest earnings reports from 30 portfolio stocks from great to ugly
▼ + stars: | 2024-09-14 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The company may have maintained its full-year revenue outlook, but that was taken as good enough after last quarter's debacle. Management also provided a better-than-expected sales, earnings, and recurring revenue outlook. The Good Abbott Laboratories : Sales, earnings and organic growth all exceeded analyst estimates. Broadcom : Sales and earnings outpaced expectations , driven by strong sales of its AI products and VMware software. Alphabet : Delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space.

Persons: we've, Lisa Su, —, Eli Lilly, Zepbound, Stanley Black, Stanley, Morgan Stanley, Procter, Jim Cramer's, Jim Cramer, Jim, Steve Marcus Organizations: Costco, DuPont, Club, Management, Nvidia, Palo Alto Networks, Good Abbott Laboratories, Broadcom, VMware, Wealth Management, Investment Management, Microsoft, Constellation Brands, TJX, Amazon Web Services, Coterra Energy, GE Healthcare, Honeywell, Gamble, Jim Cramer's Charitable, CNBC, AMD Locations: China, Covid, Dover, Eaton, Palo, North America, GEHC, Wells Fargo, Las Vegas , Nevada, U.S

☆ Trump loses 'Electric Avenue' lawsuit as judge finds he has zero defense for tweeting the song
▼ + stars: | 2024-09-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

In Trump's case, Electric Avenue was used for a commercial purpose, not for an allowable non-profit, research, or educational purpose, the judge wrote. The second factor looks at whether the copyrighted work was "creative" or "factual." The third factor weighs how much of the copyrighted work was taken for an unauthorized use. AdvertisementThe final factor asks "whether, if the challenged use becomes widespread, it will adversely affect the potential market for the copyrighted work," the judge wrote. "In this case, there is no public benefit as a result of the defendants' use of 'Electric Avenue'" the judge wrote.

Persons: —, Donald Trump, Eddy Grant's, Trump, Grant, Brett Van Benthysen, Brian Caplan, Mr, Caplan, Van Benthysen, Grant's, Eddy Grant, Dan Scavino, Joe Biden feebly puttering, Pence, John G, Koeltl, Scavino Organizations: Service, Business, Trump Locations: Manhattan, Barbados

Here's a rapid-fire update on all 32 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. AMD shares have caught a bid in recent days, but they're still cheap considering the growth of its AI processors. Broadcom : Investors who don't own any Broadcom yet should consider starting a position here, Jim said. Although it's tempting to offload shares, Jim said to stick with Honeywell for now because there's huge value in individual businesses like aerospace. There's little negative to say about this portfolio stock.

Persons: Jim Cramer's, Jim, Apple, haven't, it's, that's, he'll, Bob Iger, Bob Chapek, Larry Ellison, Biogen, Eli Lilly, Lowe's, Vimal Kapur, We'd, Linde, Lilly, Morgan Stanley, Goldman Sachs, It's, Jensen Huang, Kamala Harris, Republican Donald Trump, CrowdStrike, Palo, — we're, we're, Brian Niccol, Sands, Stanley Black, Decker, Wells, Charlie Scharf's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Abbott Laboratories, Abbott Labs, AMD, Amazon, Web, Broadcom, VMWare, Federal Reserve, Costco Wholesale, Coterra, DuPont, New York Times, Oracle, GE Healthcare, GE, Honeywell, Linde, Microsoft, Nvidia, Republican, Palo Alto Networks, Palo, Procter & Gamble, Procter, Gamble, Constellation Brands, Modelo, Stanley, TJX, Marshalls, Jim Cramer's Charitable, Traders, New York Stock Exchange, AFP, Getty Locations: Nvidia's, San Francisco, China, Dover, United States, industrials, OpenAI, Palo Alto, Wells Fargo

☆ Jordan Chiles: US gymnast says ‘the person I am’ was taken from her during Olympic medal controversy
▼ + stars: | 2024-09-12 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Not just my sport, but the person I am,” she told Forbes’ Power Women’s Summit, appearing emotional at times. … I feel like I was really left in the dark.”CNN has reached out to the International Olympic Committee, the International Gymnastics Federation and CAS for comment on Chiles’ comments. Chiles spoke of the “huge toll on [her] mental health” the coach’s comments had as she considered quitting gymnastics. The win was historic – marking the first time all three positions on the Olympic podium were held by Black women. Chiles was initially awarded a bronze medal in the women's floor exercise event at the 2024 Paris Olympic Games.

Persons: Jordan Chiles, Chiles, Romania’s Ana Bǎrbosu, ”, it’s, …, “ didn’t, ” Chiles, Taraji, Henson, Tracie Jade, Simone Biles, Brazil’s Rebeca Andrade, Gabriel Bouys, “, ” USAG, Hamid G, Gharavi Organizations: CNN, Games, Sport, CAS, Wednesday, Forbes, Power Women’s, International Olympic Committee, International Gymnastics Federation, Olympics, Olympic, Getty, Romanian Gymnastics Federation, US, Paralympic, USA Locations: Romanian, AFP, Romania

☆ I'm a former director of admissions at Cornell. Here are my 4 tips for writing a successful application for a highly selective college.
▼ + stars: | 2024-09-10 | by ( Ashley Couto | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with John Morganelli Jr., a former Director of Admissions at Cornell University and the current Director of College Admissions for Ivy Tutors Network, about his experience with admission to elite colleges in the United States. If you want to get into a US college and you wait until 10th and 11th grades, you may not have enough time to create the depth in the application you're looking for. Here are my insider tips from working as the director of admissions at Cornell University. Prospective major selection can impact your chancesWhen I was the Director of College Admissions at Cornell, managing institutional priorities was my biggest job. AdvertisementWhen you apply to a university, you first apply to the college: arts and sciences, engineering, or business college.

Persons: —, John Morganelli Jr Organizations: Service, Cornell University, Ivy, Network, Business, NYU, Cornell, Elite, UN, Ivy League Locations: United States

☆ Boeing Starliner capsule is back on Earth while crew will hitch a SpaceX ride home in 2025
▼ + stars: | 2024-09-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

The spacecraft successfully launched and delivered NASA astronauts Butch Wilmore and Suni Williams to the International Space Station in June. But what seemed like an eight-day jaunt turned into months of questions surrounding Starliner’s ability to return the crew safely to Earth. NASAAfter nearly three months, the Starliner spacecraft returned to Earth without the two test pilots after undocking from the space station Friday night and parachuting into the New Mexico desert early Saturday. Starliner is the first US-made capsule to parachute to a ground landing, rather than splashing into the ocean. It remains to be seen how and when Starliner will be certified to carry astronauts regularly to space.

Persons: Boeing’s, —, Butch Wilmore, Suni Williams, jaunt, Starliner, Williams, “, Butch, Suni, ”, Steve Stich, mako, Guillermo López, Wells, Ashley Strickland, Katie Hunt Organizations: CNN, Radian Aerospace, NASA, International Space Station, Boeing, Starliner, European Union, Spanish, NSF, Cornell University, CNN Space, Science Locations: Seattle, New Mexico, Cod, Massachusetts, Zamora, Philippines, Luzon, Scotland

☆ Dubai’s Burj Azizi to become the world’s second-tallest building
▼ + stars: | 2024-09-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +4 min

Dubai’s Burj Azizi tower to become world’s second tallest building. The tower is anticipated to set several records, including the world’s highest hotel lobby (on level 11), the world’s highest nightclub (on level 126) and the world’s highest observation deck (on level 130), according to Azizi Developments. It boasts the world’s highest infinity pool, the world’s largest natural flower garden, and the world’s largest picture frame, to name a few. The Burj Binghatti Jacob & Co Residences, meanwhile, is set to become the world’s tallest residential structure (and Dubai’s third-tallest building) at 1,952 feet. Burj Azizi is slated for completion in 2028, with apartments expected to go on sale in February 2025.

Persons: CNN —, Mirwais Azizi, Azizi, Raab, Sheikh Zayed, ”, Franck Muller, Jacob Organizations: CNN, Burj, General Civil Aviation Authority, Azizi Developments, Azizi, Trade Center, Marina, Burj Khalifa’s 122nd, Ciel Dubai Marina Locations: Dubai, Burj, Sheikh, Burj Azizi, Burj Khalifa

☆ Stocks making the biggest moves midday: JetBlue, Hewlett Packard Enterprise, Tesla, G-III Apparel and more
▼ + stars: | 2024-09-05 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

G-III Apparel Group — Shares surged 22% after the apparel maker posted second-quarter results that topped estimates. Adjusted earnings of 52 cents per share beat the 27 cents a share that analysts expected, according to FactSet. Hewlett Packard Enterprise — Shares dropped 6% after Hewlett Packard Enterprise saw gross margins decline from a year ago. In its fiscal first quarter, C3.ai saw $73.5 million in revenue, lower than the $79.2 million forecast by analysts polled by FactSet. In its fiscal third quarter, Toro posted adjusted earnings of $1.18 per share on revenue of $1.16 billion.

Persons: FactSet, ChargePoint, LSEG, Verint, Steven Cahall, Tesla, Zimmer Biomet, McKesson, Toro, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li, Pia Singh Organizations: JetBlue Airways, JetBlue, III, Hewlett Packard Enterprise, Hewlett, Enterprise, Frontier Communications, Verizon Communications —, Verizon, Casey's, Verint Systems, Technology, —, Old Dominion, Old Dominion Freight, Toro Locations: New York, FactSet, Wells Fargo, Europe, China, Wells

☆ Common food dye can make skin transparent in mice, study finds
▼ + stars: | 2024-09-05 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

“But when we put them together, we were able to achieve transparency of the mouse skin.”Once the dye had completely diffused into the skin, the skin became transparent. In mice, the researchers were able to observe blood vessels directly in the surface of the brain through the transparent skin of the skull. Guosong Hong/Stanford UniversityThe transparent areas take on an orangish color, Ou said, similar to that of the food dye. 5 dye, a common food coloring, was used at a low concentration in the study, and its effects were easily undone, according to the researchers. “However, a partially transparent (mouse) will already enable numerous research opportunities to answer questions relating to development, regeneration, as well as aging.”

Persons: Wells, ”, Zihao Ou, ” Ou, “, Hong, Ou, Guosong Hong, Stanford University Christopher Rowlands, Rowlands, wasn’t, Jon Gorecki, Gorecki, tartrazine Organizations: CNN, University of Texas, NSF, Stanford University in, Stanford University, US Food and Drug Administration, California, Environmental Health, Stanford, Imperial College London Locations: H.G, Dallas, Stanford University in California, California, bioengineering, Ou

☆ Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway
▼ + stars: | 2024-09-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jessica Gow | Afp | Getty ImagesRussia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants. Defense stocks have typically been excluded from portfolios based on environmental, social and governance (ESG) factors due to ethical concerns over their association with warfare. Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial. It's really important that we see the role that defense companies play in protecting a free society. It's really important that we see the role that defense companies play in protecting a free society," he said.

Persons: Micael Johansson, Jessica Gow, Johansson, CNBC's Silvia Amaro, It's, Brad Greve, BAE Systems Johansson, hasn't, Ida Kassa Johannesen, Johannesen, Justin Tallis, Saab's Johansson, ESG, John Keeble, Greve Organizations: Saab, Afp, Getty, BAE Systems, Ukraine —, Saxo Bank, CNBC, Democratic, U.S, Republican, Democrats, Malloy Aeronautics, British Aerospace BAE Systems, Farnborough, Exhibition, Conference Centre Locations: Stockholm, Ukraine, Africa, Democratic Republic, Congo, Palestine, London, Farnborough, England

☆ Some non-technology stocks with momentum that investors are buying into year-end
▼ + stars: | 2024-08-27 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +6 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange Word of the Day: Tempest Victoria Greene of G-Squared said investors are facing both literal and metaphorical storms that they need to consider. Best Q4 Ideas: LVMH and Estee Lauder Tiffany McGhee of Pivotal advisors said LVMH and Estee Lauder will be big beneficiaries of China stimulus. (This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. "Moisturizer is not a 'nice to have' it is a must have," said McGhee about Estee Lauder.

Persons: Tempest Victoria Greene, Squared, Said, Milton, Zscaler Malcolm Ethridge, Greene, Estee Lauder Tiffany McGhee, LVMH, Estee Lauder, McGhee, Estee, Ethridge Organizations: PRO, Worldwide, Pepsi, Area, Global, Pepsico, Siete Locations: China, Estee Lauder

The Education Department is assuring schools and students that its financial aid process is under control, after a botched overhaul over the past year that some colleges say has dented incoming classes. Education Secretary Miguel Cardona has vowed that the FAFSA process is being improved after recent missteps. I want to close up [the] Department of Education, move education back to the states. In May, Cardona announced a “full-scale review” of the Federal Student Aid office that oversees FAFSA and promised “transformational changes” at the division. I’ve taken a college and career readiness class from my high school, but it all sounded really confusing,” she said.

Persons: Miguel Cardona, he’s, We’ve, miguel cardona, “ We’ve, ” Cardona, ”, Peter G ., NAICU, couldn’t, ” Mark Becker, Donald Trump, disburses Pell, ” Trump, Elon, Cardona, “ We’re, they’re, ” “, falloff, Beth Maglione, Hanalise Yarbrough, Kristi Childs, Kristi Childs Kristi Childs, Childs, Mason Yarbrough, “, ” Childs, Hanalise, John Jay, she’s “, I’ve, who’s “ Organizations: Department, Education, Federal Student Aid, NBC News, National Association of Independent Colleges, Universities, Education Department, Association of Public, Grant Universities, Department of Education, Republican, Federal, Aid, College, Network, National Association of Student Financial, Madison, Northwest Mississippi Community College, John, John Jay College of Criminal Locations: U.S, DeSoto County , Mississippi, New York City

A New York City suburb's ban against public mask wearing was challenged in federal court on Thursday, alleging the law violates the Americans with Disabilities Act and needlessly opens health compromised individuals for ridicule. Nassau County, the bedroom community just east of New York City with nearly 1.4 million residents, last week officially banned wearing face coverings in public in what's believed to be the nation's first such prohibition. "The mask ban law in Nassau County causes G.B. S.S. is a frequent shopper at T.J. Maxx and the Roosevelt Field Shopping Center and has regular medical appointments around Nassau County. The lawsuit names Nassau County and County Executive Bruce Blakeman as defendants.

Persons: what's, G.B, Roosevelt, Bruce Blakeman, Blakeman Organizations: United, Constitution, New York, Rehabilitation, Maxx, Shopping, County, NBC, Local Locations: York City, Nassau County, New York City, Nassau

☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

☆ Opinion | Nate Silver on How Kamala Harris Changed the Odds
▼ + stars: | 2024-08-13 | by ( Ezra Klein | ) www.nytimes.com time to read: +81 min

You know, Hillary Clinton, who was, I think, kind of a terrible candidate, won the popular vote by two points. So I don’t think they gave her a very good hand to play. It doesn’t matter who you are, it matters that you’re right and you’re able to prove it or bet on it in some way. What wasn’t in the Harris model that should have been?” “Yeah, maybe you really can meme your way to victory. And there’s something in it that I don’t think she can explain how she does it, but it makes her a fascinating leader.

Persons: Nate Silver, ”, ESPN’s Nate Silver, Silver, He’s, “ Savage, ” “, he’s, Ezra, Harris, we’ve, Kamala Harris, Donald Trump’s, There’s, Hillary Clinton, she’s, She’s, Gavin Newsom, It’s, Biden, I’m, you’re, Joe Biden, Democratic Party Harris, Liz, —, “, Donald Trump, that’s, George W, Bush, Donald Trump wasn’t, it’s, Michael Jackson, Woody Allen, ’, Chick, don’t, George Floyd, ‘ COVID, COVID, Peter Thiel, Elon Musk, Michael Moritz, Elon, Mark Cuban, Thiel, Max Chafkin, Mark Zuckerberg, Larry Page, Sergey Brin, Marc Andreessen, Ted Cruz, Sam Bankman, Tom Brady, SBF, Carrick Flynn, Oregon’s, I’m Carrick Flynn, Tara MacAulay, vouched, Bill Clinton, Tyler Cowen, they’ve, Jane, JD Vance, Peter Thiel’s, Vance, Trump, Steve Bannon, Don Trump, Jr, Tucker Carlson, Tim Walz, Josh Shapiro, Tell, you’ve, Shapiro, Walz, I’ve, Iglesias, Obama, Susan Collins, Joe Manchin —, Jon Tester, ” “ Sherrod Brown, I’d, Dana White, Hulk Hogan, Joe Biden’s, — let’s, Mike Donilon, Kennedy, ” “ Tim Alberta, Georgia —, Brian Kemp, Blake Masters, Rick Scott, ” “ Trump, Doug Burgum, Black, didn’t, — Woodrow Wilson, Harry Truman, Michael Jordan, everyone’s, Nancy Pelosi’s, Nancy Pelosi, Joe ’, we’re, I’ll, John Coates, Richard Rhodes, Natasha Schüll, Natasha Organizations: Oracle, Trump, Democratic Party, Facebook, Twitter, The New York Times, ’ Harvard University, Democratic White House, Republican White House, Democratic, Silver, George, Vegas, Poker, extroversion, Elon, Sequoia Capital, McLaren, Paypal, Republican, New, PAC, Alameda, Las, Ohio Senate, underperform, White, UFC, RNC, Biden, Biden ., National Association of Black Journalists, Deutsche Bank, Manhattan Project, Design Locations: Nate, Russian, Russia, ’, Elon, Florida, predestiny, Bahamas, Sam, Africa, New York, Oregon, Las Vegas, Petersburg, United States, Ohio, Trump, Minnesota, ” “ Pennsylvania, Pennsylvania, Gaza, Chicago, Montana, Nevada, North Carolina, Georgia, Nevada , Arizona, Biden . Georgia, Carolina, Arizona, Ukraine, LA, It’s, Vegas

☆ Panel member who ruled on Jordan Chiles’ Olympic bronze medal appeal has a history of representing Romania in legal cases
▼ + stars: | 2024-08-13 | by ( Don Riddell | David Close | ) edition.cnn.com time to read: +4 min

CNN —American gymnast Jordan Chiles and the US Olympic team may very well feel like protagonists in a Franz Kafka novel, as they find themselves trapped in an increasingly surreal scenario while attempting to reclaim her bronze medal. Dr. Hamid G. Gharavi, Philippe Sands and Song Lu sat on the panel, of which Gharavi was the president, according to CAS. Gharavi’s resume, linked on CAS’ website, lists multiple legal cases in which he has represented Romania in arbitration cases. USA's Jordan Chiles, left, and Romania's Ana Bărbosu during the Paris Olympics' artistic gymnastics women's floor exercise final. USA's Simone Biles, Brazil's Rebeca Andrade, and USA's Jordan Chiles celebrate during the medal presentation following the Paris Olympics' artistic gymnastics women's floor exercise final.

Persons: Jordan Chiles, Franz Kafka, Chiles, Romanian Ana Bǎrbosu, Hamid G, Gharavi, Philippe Sands, Song Lu, USA's Jordan Chiles, Romania's Ana Bărbosu, USA's Simone Biles, Brazil's Rebeca Andrade, Luca Castro, Bǎrbosu, Christine Brennan, ”, Hezly Rivera, Simone Biles, Jade Carey, Sunisa Lee, Naomi Baker, “, They’d Organizations: CNN, US Olympic, Paris, Sport, Paris Olympics, Getty, Institute for, CAS, New York Times, International Bar Association, AP, US, Gymnastics, Swiss Federal Tribunal, Jordan, Paralympic, Paris Games Locations: Romanian, Romania, Beijing

☆ With ‘Cancer Moonshot’ announcement, Biden turns to causes most important to him in final months in office
▼ + stars: | 2024-08-13 | by ( Kayla Tausche | ) edition.cnn.com time to read: +8 min

On Tuesday, Biden highlighted $150 million in new research awards to eight organizations, including $23 million to Tulane University, the backdrop for the announcement. I know we can, but it’s not just personal — it’s about what’s possible,” Biden said Tuesday. And the White House will also look to ramp up its diplomatic engagement with India, an ally that has become a critical partner to the US in countering China’s aggression in the region. “We want to create a more prosperous and secure Indo-Pacific and the world,” White House press secretary Karine Jean-Pierre said. Implementation awaitsDomestically, the White House remains focused, first and foremost, on getting money out the door and shovels in the ground on Biden’s signature legislative measures.

Persons: Joe Biden’s, Beau Biden’s, Biden, “, it’s, ” Biden, Kamala Harris –, Harris, Moonshot, Beau Biden he’d, ’, you’ll, ”, –, Jeff Zients, Russia’s Vladimir Putin, Xi, Karine Jean, Pierre said, Zients, Natalie Quillian, Tom Vilsack, ” Vilsack, CNN’s Samantha Waldenberg Organizations: CNN, Tulane University, Biden, CBS News, White, US, Infrastructure Investment, Jobs, The Commerce Department, Treasury Department, Agriculture, Department of Agriculture Locations: Pennsylvania, North Carolina, United States, Brazil, India

☆ Head of Panel That Ruled Against Jordan Chiles Represented Romania in Other Cases
▼ + stars: | 2024-08-13 | by ( Tariq Panja | ) www.nytimes.com time to read: +1 min

The head of a panel that ruled that the American gymnast Jordan Chiles had to give up her Olympic bronze medal in favor of a Romanian athlete has represented Romania for almost a decade in arbitration cases, documents show. The Romanian athlete, Ana Barbosu, was awarded the bronze medal as a result of the panel’s decision, and Chiles was dropped to fifth place. The result left Chiles brokenhearted: It took away her only individual medal at the Games, and means her appearance on the podium — the first all-Black medals stand at a gymnastics event at the Olympics — is now left with an asterisk. Chiles posted four broken heart emojis on a black background on social media on Saturday after the decision was announced, and later said she was stepping away from social media altogether amid a torrent of racial abuse. The decision to reallocate the medals in the floor exercise outraged U.S. Olympic and gymnastics officials, who have threatened to take their fight to the Swiss courts.

Persons: Jordan Chiles, Chiles’s, Ana Barbosu, Chiles, Hamid G, — Organizations: Olympics, Sport, Games Locations: Romanian, Romania

☆ Prosecutors say Romanian businessman hired Hunter Biden to seek U.S. policy influence
▼ + stars: | 2024-08-08 | by ( ) www.cnbc.com time to read: +1 min

Hunter Biden, son of President Joe Biden, makes a statement to the press outside the U.S. Capitol about testifying publicly to the House Oversight and Accountability Committee on Wednesday, Dec. 13, 2023. Prosecutors in the U.S. criminal tax case against Hunter Biden accused him of accepting payments from a Romanian businessman who sought to "influence U.S. government agencies" in connection with a criminal probe in Romania. ABC said the claim stems from Hunter Biden's work for Gabriel Popoviciu, a wealthy Romanian identified as "G.P." in the filing, and who prosecutors say hired Hunter Biden for legal work in late 2015 when Joe Biden was U.S. vice president. Lawyers for Hunter Biden did not immediately respond to requests for comment.

Persons: Hunter Biden, Joe Biden, Joe Biden's, Hunter Biden's, Gabriel Popoviciu, Popoviciu Organizations: U.S, Capitol, Prosecutors, U.S . Department of Justice, ABC, Reuters Locations: U.S, Romanian, Romania, Los Angeles

(This is CNBC Pro's live coverage of Monday's Wall Street chatter as global markets sell off. — Lisa Kailai Han 7:02 a.m.: How long sell-offs typically last Bad news: The current market sell-off may have further to go. — Lisa Kailai Han 6:09 a.m.: Oppenheimer's Stoltzfus: Best to not 'jump to conclusions' Investors need to have a cool head as global markets sell off, according to Oppenheimer's John Stoltzfus. — Fred Imbert 5:51 a.m.: Global markets in an 'aggressive risk-unwind', Vital Knowledge says Fears of a U.S. recession are pressuring global markets, leading investors around the world to sell some of this year's top winners, according to Adam Crisafulli of Vital Knowledge. "Markets are caught in an aggressive risk-unwind as equities plunge around the world, with tech getting hit particularly hard," he wrote in a note Monday.

Persons: Wharton's Siegel, Jeremy Siegel, CNBC's, Siegel, hasn't, it's, … They're, —, Lisa Kailai Han, Tom Lee, Lee, Duncan Toms, Toms, Fred Imbert, Victoria Greene, Greene, It's, Nimrit Kang, — Lisa Kailai Han, Dan Ives, Gene Goldman, Gennadiy Goldberg, Ives, Goldman, Goldberg, Oppenheimer's John Stoltzfus, Evercore, Ed Hyman, Hyman, Adam Crisafulli, Crisafulli Organizations: CNBC, Stock, Nikkei, Dow Jones Industrial, Nasdaq, Wharton, Federal Reserve, Fundstrat Global, HSBC, G Squared, Wealth, NorthStar Asset Management, Street, Wedbush, TD Securities, Federal, NASDAQ, U.S, Fed, Global Locations: U.S, Europe, Japan, China

☆ Tuesday's big stock stories: What's likely to move the market in the next trading session
▼ + stars: | 2024-08-05 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +2 min

It's now 18% from the February 52-week high. The stock is 17% from the April 52-week high. Dow Winners There are only four Dow stocks that are up in the last three days. Shares are 1.7% from the July 24 52-week high. The stock is 11% from the January 52-week high.

Persons: Russell, Crypto, Michael Saylor, MicroStrategy, Cleanspark, Joe Hinrichs, It's, Johnson, McDonald's Organizations: CNBC, Nasdaq, Dow Jones, Galaxy, CSX, Caterpillar, Dow, Procter, Gamble, Johnson

The group, set up by Charles Gantt, is funneling money to Republican operatives and funding paid ads, mail and text messages that praise his position on abortion rights. Democrat,” the piece of direct mail, sent to a Democratic voter in Philadelphia and viewed by The New York Times, reads in bold letters. A spokesperson for Mr. Kennedy has not responded, either. Those ads similarly highlight Mr. Kennedy’s position on abortion rights. counterparts, promoting Mr. Kennedy as a supporter of Mr. Trump.

Persons: Robert F, Kennedy Jr, Kennedy, Donald J, Trump, Charles Gantt, Gantt, Kamala Harris, ’, He’s, “ Organizations: Republicans, Democrats, Republican, PAC, “, Democrat, Democratic, The New York Times, SAG, Trump, The Times, “ RFK, Kennedy, YouTube Locations: Philadelphia, Arizona, America, Michigan, Pennsylvania

☆ Opinion | Reflections About the Prisoner Swap
▼ + stars: | 2024-08-02 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Journalists and Dissidents Freed From Russia in Swap of 24 Inmates” (front page, Aug. 2):As a former U.S. journalist in Moscow, I am naturally delighted that Evan Gershkovich is back at home after 16 months of wrongful detention in Russia. But it is galling to see him and other innocent Americans being exchanged in a Cold War-style spy swap for a trained assassin and long-term sleeper agents. Engaging in hostage diplomacy only encourages hostile governments to seize more Americans as hostages whenever they want to recover one of their own killers or spies. Even at the height of the Cold War, American journalists in Moscow never feared arbitrary detention in a K.G.B. It seems that the only language that authoritarian leaders like Vladimir Putin understand is reciprocity.

Persons: Freed, Evan Gershkovich, Vladimir Putin, ” Organizations: “ Journalists Locations: Russia, U.S, Moscow, American, Russian

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