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Meanwhile, Mizuho raised its price target on Palo Alto Networks ahead of the company's upcoming earnings release. But Grambling shaved $4 off his price target to $47, though that still implies 57.5% upside from Monday's close. Long kept his price target unchanged at $97, which reflects just 1.8% in upside over Monday's closing price. Analyst Laurent Yoon downgraded the media stock to market perform from outperform and shaved $2 off his price target to $8. Analyst Gregg Moskowitz raised his price target on the cybersecurity stock to $380 from $350, maintaining his outperform rating.

Persons: Bernstein, Mizuho, Rollins, Wells Fargo, Jason Haas, Haas, — Alex Harring, Thomas Palmer, Palmer, Morgan Stanley, DraftKings, Stephen Grambling, Grambling, Alex Harring, Tim Long, Long, Dell, Damian Karas, Karas, " Karas, Warner, Laurent Yoon, Yoon, Discovery's Turner, Gregg Moskowitz, Moskowitz, Fred Imbert Organizations: CNBC, Warner Bros, Palo Alto Networks, Hormel Foods, Citi, Hormel, Planters, Grambling, DraftKings, Barclays, Dell, Nasdaq, UBS, Discovery, NBA, Discovery's Turner Sports, Mizuho Locations: Wells Fargo, Monday's, Southern, Grambling, Palo Alto

Trade groups say Chinese electric vehicles pose an "existential threat" to the U.S. auto industry. But faced with a growing preference for hybrids at home and a brutal price war, Chinese automakers want to export more vehicles abroad. "It's hard to process that because we don't see Chinese cars on American roads," said Dunne Insights founder and CEO Michael Dunne. You're going to see Chinese cars all over the place." So how do Chinese EVs stack up?

Persons: Dunne, Michael Dunne, Eunice Yoon Organizations: U.S, Tesla, JATO Dynamics, CNBC Locations: China, Australia, Mexico, Brazil, Israel, South Africa, U.S, CNBC Beijing

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTest driving BYD, Nio and other Chinese EV rivals of TeslaLow-cost, high-tech Chinese EVs have stirred fears of a government-subsidized existential threat to automakers around the world. So what do these vehicles have to offer? How do they compare to the Tesla Model Y, which in 2023 was the bestselling car in the world? CNBC's Beijing bureau chief Eunice Yoon tested four of them from large and high-profile Chinese brands to see how they stack up against the Model Y, and to offer some insight into how non-China rivals might compete against them.

Persons: Eunice Yoon Organizations: Tesla Locations: Beijing, China

Susan Wojcicki, who helped turn Google from a start-up in her garage into an internet juggernaut and became one of Silicon Valley’s most prominent female executives with her leadership of YouTube, died on Friday. Her death was confirmed by her husband, Dennis Troper, who wrote on Facebook on Friday that she had been living with lung cancer. A YouTube spokesman confirmed the date of her death. Sundar Pichai, Google’s chief executive, announced her death in a statement on Friday. “She is as core to the history of Google as anyone, and it’s hard to imagine the world without her,” he said.

Persons: Susan Wojcicki, Dennis Troper, Sundar Pichai, ” Organizations: Google, YouTube, Facebook

☆ What We Know About the Plane Crash in Brazil
▼ + stars: | 2024-08-10 | by ( John Yoon | ) www.nytimes.com time to read: 1 min

A passenger plane carrying 61 people crashed on Friday outside São Paulo, Brazil. The plane crashed in the yard of a home, but it did not hit any residences and no injuries were reported among people on the ground, officials said. Here is what we know about the crash:The plane was on its way to São Paulo. It was headed east to Guarulhos airport, just outside São Paulo. For about a minute, the transponder reported losing altitude at a rate of between 8,000 feet and 24,000 feet per minute, the company said.

Persons: São, São Paulo Locations: São Paulo, Brazil, Cascavel, Guarulhos

☆ Sheriff’s Deputy Killed in Florida Shooting
▼ + stars: | 2024-08-03 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +1 min

A sheriff’s deputy was shot and killed on Friday evening in Eustis, Fla., while officers were responding to a report of an altercation in a neighborhood, the police said. The sheriff’s deputy was killed and another was injured when they entered the house at 7:45 p.m. in the Orlando Hills neighborhood of Eustis, a city north of Orlando, according to John Herrell, a spokesman for the Lake County Sheriff’s Office, where the deputy worked. Additional deputies were met with gunfire, and one was injured, when they entered the house to rescue an officer who had entered earlier and was trapped, Mr. Herrell said. The trapped officer was later pronounced dead. It was unclear how the two civilians had died, he said, and the injured person was taken to a hospital.

Persons: John Herrell, Herrell, Sheriff Peyton C, Grinnell Organizations: Office Locations: Eustis, Fla, Orlando Hills, Orlando, Lake County

The strike on Beirut was the first time during this war that Israel has targeted such an influential Hezbollah leader in Lebanon’s capital. Hours later, the killing in Iran of Hamas’s political leader, Ismail Haniyeh, was considered the most brazen breach of Iran’s defenses in years. Image A protests in Tehran on Wednesday after Ismail Haniyeh, a senior Hamas leader, was assassinated in Iran. Despite his title as Hamas’s political leader, Mr. Haniyeh is replaceable, said Joost Hiltermann, the Middle East and North Africa program director for the International Crisis Group. In January, Israeli strikes killed a senior Hamas leader in Hezbollah’s stronghold in Beirut, leading to fears that Hezbollah would mount a particularly fierce response on Hamas’s behalf.

Persons: Amira, Hassan Fadlallah, Fuad Shukr, Ismail Haniyeh, Diego Ibarra Sanchez, Iran —, Michael Stephens, Haniyeh’s, Stephens, Mr, Andreas Krieg, Arash Khamooshi, ” Mr, Krieg, ”, it’s, Haniyeh, Joost Hiltermann, “, Israel, Israel Katz, Katz, Itamar Rabinovich, Israel’s, Rabinovich, Benjamin Netanyahu, Netanyahu, Vivian Yee Organizations: Israel’s, The New York Times Iranian, Foreign Policy Research Institute, King’s College ,, The New York Times, International Crisis, United Nations, Hezbollah Locations: Dahiyeh, Beirut, Lebanon, Gaza, Israel, Iran, simultaneity, Yemen, Iraq, Credit, United States, Philadelphia, King’s College , London, Tehran, East, North Africa, Hezbollah’s, Syria, Bourj el Barajneh, U.S, Washington

☆ After Haniyeh’s Death, Who Are Hamas’s Most Prominent Leaders?
▼ + stars: | 2024-07-31 | by ( John Yoon | ) www.nytimes.com time to read: +1 min

Ismail Haniyeh, who was killed on Wednesday in Iran, was among the most senior members of Hamas’s leadership, a group that is tightly coordinated despite being scattered inside and outside Gaza. Hamas’s leaders, especially those in Gaza, have repeatedly been targets of Israeli assassination attempts, but the group has swiftly replaced those who have been killed. The group’s leadership structure is often opaque, but here is a look at what we know about some of Hamas’s most prominent leaders who are either believed to be alive or whose fate is unclear. Mr. Sinwar is believed to be hiding in the group’s tunnel network beneath Gaza. A number of Hamas’s leaders in Gaza, including Mr. Sinwar, are seen as more radical than Mr. Haniyeh, the leader who was killed in Iran.

Persons: Ismail Haniyeh, Yahya Sinwar, Sinwar, Mohammed Deif, Marwan Issa, Haniyeh, “, ”, Hugh Lovatt Organizations: Mr, European Council, Foreign Relations Locations: Iran, Gaza

☆ Olympic Men’s Triathlon Postponed Because of Pollution in the Seine
▼ + stars: | 2024-07-30 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: 1 min

Olympics organizers postponed the men’s individual triathlon race that had been scheduled for Tuesday morning, saying water-quality tests had shown that the Seine, the river that traverses Paris, was unsafe to swim in. The race will now be held on Wednesday morning, after the end of the women’s triathlon, the sport’s governing body, World Triathlon, said in a statement early Tuesday. “The tests carried out in the Seine today revealed water quality levels that did not provide sufficient guarantees to allow the event to be held,” the organization said, adding that the race could be further rescheduled. The Olympics’ official website said only that the men’s individual race had been rescheduled, citing “weather.”

Persons: “ Organizations: Olympics Locations: Paris, Seine

On Today’s Episode:Trump’s First Major Ad Attacking Harris Hits Her on Immigration, by Shane Goldmacher and Michael GoldProtests Erupt in Venezuela as Nations Denounce Election Result, by Frances Robles, Jack Nicas and Alejandro CegarraOlympic Men’s Triathlon Postponed Because of Pollution in the Seine, by John Yoon and Catherine PorterChina, Citing Tainted Burgers, Cleared Swimmers in a New Doping Dispute, by Tariq Panja and Michael S. Schmidt

Persons: Harris, Shane Goldmacher, Michael Gold, Frances Robles, Jack Nicas, Alejandro Cegarra, John Yoon, Catherine Porter China, Tariq Panja, Michael S, Schmidt Locations: Venezuela, Seine

☆ Hong Kong Taunts Italy With Pineapple Pizza After Olympics Fencing Win
▼ + stars: | 2024-07-30 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: 1 min

Losing an Olympic fencing title bout to the champion from Hong Kong was difficult enough for the Italian. Then came the pizza slander. Cheung Ka Long’s triumph over Filippo Macchi of Italy in the gold medal bout in men’s foil on Monday has led to a sour fallout that has spilled off the fencing strip: Pizza Hut’s Hong Kong and Macao branch has offered free pineapple toppings on its pies as fans on social media praised the combination widely shunned by the losing side. “All Hong Kong people are very happy and excited today!” the branch said in a Facebook post on Tuesday announcing the offer, adding it was also celebrating a bronze medal the Chinese territory had won on Monday, in the women’s 200-meter freestyle.

Persons: Cheung Ka, Filippo Macchi Locations: Hong Kong, Italy, Macao

☆ South Korea introduced as North Korea during Olympics opening ceremony, top official ‘deeply sorry’
▼ + stars: | 2024-07-29 | by ( Xiaofei Xu | Chris Lau | ) edition.cnn.com time to read: +2 min

Paris CNN —Olympics organizers have “deeply apologized” to South Korea over a “human error” that saw its 143 athletes wrongly introduced as North Korean at the opening ceremony. The mishap occurred on Friday, when the South Korean athletes made their debut on a boat cruising down the River Seine. Both the French and English announcements falsely identified them as being from the “People’s Democratic Republic of Korea.”That’s the full name of North Korea. South Korea’s Sports Ministry has said it “expresses regret” over the introduction of the South Korean delegation during the opening broadcast. Olympics organizers have “deeply apologized” to South Korea over a “human error” that saw its 143 athletes being wrongly introduced as North Korean at the opening ceremony.

Persons: ”, Thomas Bach, Yoon Suk, Republic of Korea …, Mark Adams, “ Organizations: Paris CNN —, South, “, Democratic, International Olympic Committee, South Korean, Olympic Games, National Olympic Committee, IOC, ” Reuters, Korea’s Sports, Paris Locations: South Korea, Korean, Democratic Republic of Korea, North Korea, Republic of Korea, Covid, Beijing, Japan, Pyongyang, Seoul

☆ Firefighters Race to Contain Wildfires in California and Oregon
▼ + stars: | 2024-07-27 | by ( Alan Blinder | John Yoon | ) www.nytimes.com time to read: +1 min

Firefighters raced to contain scores of blazes across the American West on Friday night as California’s largest wildfire of the year prompted a new wave of evacuations. Federal officials say active fires have burned more than 1.8 million acres. Already this week, thousands of people have been told to evacuate, and haze from the fires has floated across the continent. The fire’s growth triggered a new wave of evacuation orders and warnings on Friday, when it was zero percent contained, according to Cal Fire. Gavin Newsom of California on Friday declared a state of emergency for Butte and Tehama Counties, in addition to Plumas County, where the Gold Complex fire had burned nearly 3,000 acres.

Persons: Gavin Newsom Organizations: Cal Fire, Gov Locations: Northern California, Butte, Tehama, Shasta Counties, Chico, California, Plumas County

☆ US Defense Secretary Austin to hold trilateral meeting with Japanese, South Korean counterparts in Tokyo, first in 15 years
▼ + stars: | 2024-07-27 | by ( Philip Wang | ) edition.cnn.com time to read: +2 min

CNN —US Defense Secretary Lloyd Austin will hold a trilateral meeting with his Japanese and South Korean counterparts in Tokyo on Sunday local time, the first of its kind in 15 years, a senior US defense official said. The trilateral meeting came nearly one year after President Joe Biden held the first stand-alone summit with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol at Camp David in August 2023. “We’ve made enormous progress, trilateral since the Camp David summit, with early warning missile data sharing real time with a trilateral exercise plan,” the US senior defense official said. There is no intention to integrate Japanese forces into the US commands, according to the official. And they’ll be doing that side by side with Japanese forces like never before.”

Persons: Lloyd Austin, Joe Biden, Fumio Kishida, Yoon Suk, David, Kishida, “ We’ve, Austin, ” Organizations: CNN, US, Korean, Japanese, South, ’, US Forces Japan, USF, Operations Command, Pacific Command, 5th Air Force Locations: Tokyo

ET Aurelien BreedenJohn Yoon andService on three high-speed train lines in France was disrupted on Friday because of arson attacks, the national railway company said, causing travel chaos on the day of the Opening Ceremony of the Olympics in Paris. “A massive attack took place last night to paralyze the high-speed rail network,” the railway company, S.N.C.F., said in a statement. Traffic was “severely disrupted” on three lines where fires had been set: the Atlantic, Northern and Eastern lines, the company said, and many trains had been canceled. The mood was already tense in Paris, where security has been tightening for weeks ahead of Friday night’s Opening Ceremony. The company said that another attack had been thwarted on the line that connects Paris to southeastern France.

Persons: Yoon, Patrice Vergriete Organizations: Olympic, Firefighters Locations: France, Paris, Northern, Arras, Lille, Courtalain

The usual rhythm of arrivals and departures at Paris’s train stations was replaced by a tense atmosphere of uncertainty on Friday. Hundreds of stranded passengers crowded the concourses, sorting out their plans after several arson attacks disrupted the rail system in France. “I don’t know when I will be able to escape,” said Ermine Touré at the Gare Montparnasse, a major transportation artery in Paris, three hours after she had hoped to leave Paris for a vacation in Nantes, in western France. “Paris is a mess so I wanted to go today.”At the Gare Montparnasse, travelers hunched over their phones looking for alternate routes out of the French capital. The words “act of malice” and “vandalism” echoed throughout the hall, doing little to quell the anxiety among travelers.

Persons: “, ”, Ermine Organizations: “, ” Locations: France, Paris, Nantes, “ Paris

☆ Here are the train lines affected by the attacks.
▼ + stars: | 2024-07-26 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: 1 min

The coordinated arson attacks on the French railway system that disrupted train service across northern France and beyond on Friday morning were expected to upend travel plans for about 800,000 customers, the national railway company said. Here are the train lines facing delays and cancellations on Friday:

Locations: France

On Today’s Episode:Arson Disrupts Trains Ahead of Opening Ceremony at Olympics, by Aurelien Breeden, John Yoon and Andrew DasHarris Narrows Gap Against Trump, Times/Siena Poll Finds, by Shane Goldmacher, Ruth Igielnik and Camille BakerObama Endorses Harris for the Democratic Nomination, by Jazmine Ulloa and Reid J. EpsteinSpeculation Swirls About What Hit Trump. An Analysis Suggests It Was a Bullet, by Malachy Browne, Devon Lum, and Alexander CardiaTwo Top Mexican Cartel Leaders Are Arrested by U.S. Authorities, by Alan Feuer and Natalie Kitroeff

Persons: Aurelien Breeden, John Yoon, Andrew Das, Shane Goldmacher, Ruth Igielnik, Camille Baker Obama, Harris, Jazmine Ulloa, Reid J, Epstein, Malachy Browne, Devon Lum, Alexander Cardia, Alan Feuer, Natalie Kitroeff Organizations: Times, Democratic, Mexican, U.S . Authorities Locations: Trump

A plume of smoke from the Park Fire fills the sky in Chico, Calif., on Thursday evening. Now the state’s largest fire so far this year, it has burned over 164,000 acres. Credit... Daniel Dreifuss for The New York Times

Persons: Daniel Dreifuss Organizations: The New York Locations: Chico , Calif

☆ Is 100 Days Enough Time to Pick a Leader? Around the World, Yes.
▼ + stars: | 2024-07-26 | by ( Josh Holder | Keith Collins | ) www.nytimes.com time to read: +4 min

Is 100 Days Enough Time to Pick a Leader? But in many other democracies, an official election period sets out when candidates can debate, make speeches and run political ads (often with strict spending limits). “We know from other countries that 100 days is plenty of time for a healthy campaign,” said Mr. Tama. “Most campaigns in different countries are in the range of a few weeks to several months.”Even in India, the largest democracy in the world, the official campaign only starts a little over a month before voting begins. And in India in 2014, Narendra Modi had six months after his party chose him as leader to wage his successful campaign for prime minister.

Persons: Kamala Harris, Mexico Claudia Sheinbaum, Philippines Ferdinand Marcos Jr, Justin Trudeau, Italy Giorgia Meloni, Brazil Luiz Inácio Lula da Silva, Anthony Albanese, France Emmanuel Macron, Indonesia Joko, Keir Starmer, India Narendra Modi, Korea Yoon Suk Yeol, Japan Fumio Kishida, Donald J, Trump, Jordan Tama, “, ”, Tama, Biden’s, Lyndon B, Johnson, Harris, Narendra Modi Organizations: Voters, American University, American, United, Electoral College, Labour, Conservative Locations: Mexico, Philippines, Italy, France, Indonesia, India, Korea, Japan, Canada, United States

☆ Microsoft’s World of Warcraft Workers Vote to Unionize
▼ + stars: | 2024-07-25 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +1 min

More than 500 workers in the team behind World of Warcraft, one of the most popular video games in the world, have voted to unionize, the Communication Workers of America said on Wednesday. The move expands the ranks of organized labor at Microsoft, which acquired the video game giant Activision Blizzard — whose subsidiary Blizzard Entertainment produces World of Warcraft — for $69 billion last year. To satisfy the regulators overseeing the mega-acquisition, Microsoft promised to remain neutral on unionizing efforts, an unusually permissive policy in the tech industry. An arbitrator determined on Wednesday that a majority of the World of Warcraft workers, including designers, engineers, artists and quality testers, supported the C.W.A., the union said in a statement. Blizzard Entertainment recognized the union, increasing the number of unionized game workers at Microsoft to more than 1,750, the C.W.A.

Organizations: Communication Workers of America, Microsoft, Activision, Blizzard Entertainment

☆ Australian Field Hockey Player Amputates Finger to Play in the Olympics
▼ + stars: | 2024-07-25 | by ( Yan Zhuang | John Yoon | ) www.nytimes.com time to read: 1 min

Getting to the Olympics, the greatest sporting event in the world, often takes years of training and major sacrifices: of academics, social life, maybe postponement of career goals. Then there is Matthew Dawson, an Australian field hockey player, who chose to amputate the top joint of his right ring finger rather than miss the Paris Olympics. Dawson, 30, who also was on Australia’s Olympic team in Rio and in Tokyo, where the team won silver, seriously injured the fingertip two weeks ago. During a practice match in Perth, Australia, on the morning of July 11, another player’s hockey stick accidentally hit the finger, leaving it bleeding and partly detached, Dawson said. “The first thought: OK, that’s it,” he said in a phone interview from the Olympic Village in Paris.

Persons: Matthew Dawson, Dawson, “, ” Organizations: Paris Locations: Australian, Dawson, Rio, Tokyo, Perth, Australia, Paris

☆ North Korean Trash Balloons Hit South Korean President’s Compound
▼ + stars: | 2024-07-24 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

Weeks into North Korea’s campaign of launching balloons loaded with trash across the world’s most heavily armed border, some of them hit a symbolically significant target in South Korea on Wednesday: the presidential office in the heart of Seoul, the capital. North Korea has released more than 3,000 of the trash balloons since May, many of which have reached the South after floating across the Demilitarized Zone between the two nations. On Wednesday, for the first time, some of them landed inside the sprawling compound in central Seoul that includes the office of President Yoon Suk Yeol. The authorities did not say exactly how many had reached the compound, one of the most tightly guarded places in South Korea. The team found “nothing dangerous or contaminating,” South Korea’s presidential security service said in a brief statement.

Persons: Yoon Suk Organizations: Officials Locations: South Korea, Seoul, North Korea

☆ China on Biden dropping out of the U.S. presidential race: 'No comment'
▼ + stars: | 2024-07-22 | 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 EmailChina on Biden dropping out of the U.S. presidential race: 'No comment'CNBC's Eunice Yoon reports on China's response to President Biden's withdrawal from the presidential election.

Persons: Eunice Yoon, Biden's Organizations: China, Biden, U.S

☆ Representative Sheila Jackson Lee, a Champion for Progressive Causes, Dies at 74
▼ + stars: | 2024-07-19 | by ( John Yoon | ) www.nytimes.com time to read: 1 min

Representative Sheila Jackson Lee, a Democrat from Texas who was a leading voice for racial justice and progressive causes during the three decades she served in the House, died on Friday. She was 74. Her death was announced in a statement from her family. She said in June that she had been diagnosed with pancreatic cancer. “By God’s grace, I will be back at full strength soon,” she told constituents.

Persons: Sheila Jackson Lee, ”, Jackson Lee “, Ms, Jackson Lee Organizations: Congressional Black Caucus, Houston City Council Locations: Texas

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