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The Vulcan rocket for the Cert-1 mission stands at SLC-41 during testing in Cape Canaveral, Florida, May 12, 2023. United Launch Alliance still plans to fly its heavy-lift Vulcan rocket by late 2023 — despite suffering a mishap earlier this year after an engine exploded during testing. CNBC previously reported that one of Blue Origin's BE-4 engines, ordered for ULA's second Vulcan rocket launch, detonated last month. United Launch Alliance, the joint venture of Lockheed Martin and Boeing , is one of two key launch partners for the satellite project, in addition to Jeff Bezos-backed Blue Origin. Once United Launch Alliance successfully conducts its first two Vulcan missions, the U.S. Space Force will consider clearing the heavy rocket for national security launches.

Persons: —, Origin's, ULA, Tory Bruno, Bruno, Lockheed Martin, Jeff Bezos, Morgan Brennan, Vulcan Organizations: Cert, SLC, United Launch Alliance, CNBC, Vulcan, Kennedy Space Center, Lockheed, Boeing, U.S . Space Force, SpaceX, National Reconnaissance Organization, Space Force Locations: Cape Canaveral , Florida, U.S, ULA, China

☆ BBVA plans 1 bln euro buy-back as Mexico, Spain drive profits
▼ + stars: | 2023-07-28 | by ( Jesús Aguado | ) www.reuters.com time to read: +3 min

The Spanish bank also announced a 1 billion euro share buy-back programme. It follows a smaller additional share buy-back earlier this year and a 3.2 billion euro programme it completed in 2022. In the case of Caixabank, the new buy-back programme follows a 1.8 billion euros share buy-back in 2022. In Mexico, the bank's net profit rose 32% while net interest income climbed 38%. In Spain, net profit more than tripled versus a year earlier while NII was up 51%.

Persons: BBVA's, Jefferies, NII, Jesús Aguado, Emma Pinedo, Inti Landauro, Jason Neely, Robert Birsel Organizations: BBVA, Reuters, Thomson Locations: MADRID, Mexico, Spain, Turkey, Caixabank, Turkish

☆ US stocks rise as the Fed's favorite inflation gauge drops to 2-year low
▼ + stars: | 2023-07-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks rose higher on Friday as the Fed's favorite inflation gauge cooled to a two-year low. PCE inflation rose just 0.2% month-over-month in June, in line with economists' expectations. The Dow and S&P 500 are on track to close off their third straight winning week. The Personal Consumption Expenditures index, the Federal Reserve's preferred inflation measure, rose just 0.2% in June, in-line with economists' estimates. Commentators point out that headline inflation remains well-above the Fed's 2% long-run target.

Persons: Richard Saperstein, Saperstein Organizations: Dow, Service, Dow Jones Industrial, Federal, Fed, Treasury Partners Locations: Wall, Silicon, decelerate

☆ Electric cars aren’t just for the wealthy anymore
▼ + stars: | 2023-07-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Thanks to a combination of new models, more production and new tax laws, electric vehicles are no longer just for the wealthy. Currently the “days supply” of electric vehicles – a measure of the number units on dealer lots relative to how quickly they sell – is now twice that of new vehicles overall. The biggest bargain among electric vehicles currently, whether you lease or buy, happens to be one that’s going away soon. A Chevrolet Bolt EV sits parked at a charging station at Stewart Chevrolet on April 25, 2023 in Colma, California. For almost $10,000 less, in terms of sticker price, Hyundai offers the soon-to-be redesigned Kona Electric.

Persons: Kia, Erik Pendzich, it’s, Mark Luxcombe, Wolters, “ There’s, ” Luxcombe, Brian Moody, Moody, ”, Stewart, Justin Sullivan, Kia EV6, Josh Lefkowitz, Tony Quiroga, Bing Guan, Quiroga, Chevrolet Bolt Organizations: CNN, General Motors, Ford, Hyundai, Kia, Volkswagen, GT, New York, Wolters Kluwer, Cox Automotive, Chevrolet Bolt, Stewart Chevrolet, GM, Angeles, Kona, EV, Chevrolet Locations: America, Colma , California, Los Angeles , California

☆ Alphabet shares jump on beat and strong cloud growth
▼ + stars: | 2023-07-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Shares of Alphabet rose nearly 5.5% at the start of trading Wednesday, driven by stronger-than-expected second-quarter earnings and marked year-over-year growth in cloud computing revenue. But it was strong growth in cloud computing that stood out the most, with the company reporting $8.03 billion in Google Cloud sales, compared to a StreetAccount consensus of $7.87 billion. Google Cloud competes with Amazon Web Services and Microsoft Azure. The company also announced Wednesday that chief financial officer Ruth Porat would assume a newly created president and chief investment officer position.

Persons: Sundar Pichai, Goldman Sachs, Eric Sheridan, Ruth Porat, Porat, — CNBC's Jennifer Elias Organizations: Google LLC, Google, Revenue, Amazon Web Services, Microsoft, Wall Street Locations: San Francisco , California, U.S

☆ Morgan Stanley's top picks for the rest of earnings season
▼ + stars: | 2023-07-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

While Wall Street's expectations are lower this corporate earnings season, there are still several stocks Morgan Stanley said could rise in the near term. Morgan Stanley's estimates for second-quarter earnings are down 9% year to date and flat sales growth, which the firm attributes to lagged and elevated costs. Amazon is one of Morgan Stanley's top picks for this earnings season. The firm believes potential catalysts include positive earnings revisions and its AWS Summit on cloud computing and generative artificial intelligence. He added that multiple appreciation and earnings revisions could drive the stock upward.

Persons: Morgan Stanley, Morgan Stanley's, Michelle Weaver, Brian Nowak, Brian Harbour, Yum, Elizabeth Porter, Porter, — CNBC's Michael Bloom Organizations: Pharmaceutical, Merck, Pfizer, Devices, Tech, Amazon, Yum Brands, Taco Bell Locations: North America, China

☆ Trump says 'we'll have fun' at 'trial of the century' as election case indictment looms
▼ + stars: | 2023-07-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Former U.S. President and Republican presidential candidate Donald Trump speaks at a campaign event in Council Bluffs, Iowa, July 7, 2023. Separately from Smith's investigation, a Georgia prosecutor is investigating Trump for potential crimes related to interfering in that state's 2020 presidential election. Trump's boast about taking the witness stand at a trial in either election-related case, if he is indicted, could prove empty. Trump did not take the witness stand at his recent civil trial where he was accused of defaming and raping the writer E. Jean Carroll. Trump has pleaded not guilty in that case, which is being prosecuted by the Manhattan District Attorney's Office.

Persons: Donald Trump, wasn't, Trump, Jack Smith, Smith, Joe Biden, Jean Carroll, Carroll, Daniels, Michael Cohen Organizations: U.S, Republican, Department of Justice, White, Trump, Manhattan, Attorney's Office Locations: Bluffs , Iowa, South Florida, Georgia, New York, Manhattan

Higher interest rates helped UniCredit (CRDI.MI) strongly beat earnings expectations in the second quarter. Germany's financial regulator BaFin has been calling on banks to raise the amount of money they set aside for bad loans. Deutsche Bank on Wednesday said provisions for bad loans nearly doubled in the second quarter from a year earlier to 401 million euros. Santander's financial chief said bad loans in Brazil may have already peaked. This sent the bank's shares up around 2% on Wednesday, with Jefferies saying that it sees upside potential to net interest income.

Persons: Ralph Orlowski, Lloyd's, Andrea Orcel, BaFin, James von Moltke, UniCredit, Jefferies, Tom Sims, Jane Merriman Organizations: Germany's Deutsche Bank, REUTERS, Deutsche Bank, Lloyds Banking Group, Lloyds, JPMorgan, Monetary Fund, European Central Bank, Union, Thomson Locations: Frankfurt, Germany, MILAN, MADRID, Europe, Spain, Santander, Brazil

☆ Sharp Chinese rebound pushes LVMH sales up 17% in second quarter
▼ + stars: | 2023-07-25 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

PARIS, July 25 (Reuters) - Sales at the world's top luxury group LVMH (LVMH.PA) rose by 17% in the second quarter, with a sharp rebound in China helping to offset a decline in the United States, where inflation and economic turbulence have dented demand for high-end goods. The 17% increase at constant exchange rates was a touch better than analyst expectations for 16% growth, according to a Visible Alpha consensus. Finance chief Jean-Jacques Guiony told reporters he was "very satisfied" with the rebound in China, which makes up the bulk of Asian sales. The region - excluding Japan - posted 34% growth compared to last year, when strict COVID-19 restrictions hit sales and emptied stores in China. In the United States, we see it's not as good as it was," he added.

Persons: Louis Vuitton, Hennessy, Tiffany, Jean, Jacques Guiony, Cartier, Richemont, Guiony, Mimosa Spencer, Silvia Aloisi Organizations: Dior, Finance, Vuitton, Thomson Locations: China, United States, Japan

☆ Dassault Systemes' flagship platform sales slow, but targets confirmed
▼ + stars: | 2023-07-25 | by ( Victor Goury-Laffont | ) www.reuters.com time to read: +2 min

It confirmed its full-year and mid-term targets, saying it saw a renewed focus on investment in innovation from customers and pointing to a rebound in China. The group's shares slid as much as 6.7% however, putting them on track for their biggest one-day drop since April. JPMorgan said in a note that the overall picture looked "incrementally challenging" after important performance indicators, including for its flagship software platform 3DEXPERIENCE and clinical trial platform Medidata, slowed in the quarter. For the third quarter, Dassault Systemes expects revenue to reach between 1.4 billion and 1.42 billion euros, diluted earnings to come in between 0.26 and 0.27 euros per share, and an operating margin of between 30.2 and 30.5%. ($1 = 0.9034 euros)Reporting by Victor Goury-Laffont; Editing by Kirsti Knolle and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Victor Goury, Kirsti Knolle, Jan Harvey Organizations: Dassault, JPMorgan, Dassault Systemes, Thomson Locations: China

☆ U.S. business activity growth slows as services soften
▼ + stars: | 2023-07-24 | by ( Safiyah Riddle | ) www.reuters.com time to read: +3 min

July's reading showed the sixth straight month of growth but was restrained by softening conditions in the service sector. “The overall rate of output growth, measured across manufacturing and services, is consistent with GDP expanding at an annualized quarterly rate of approximately 1.5% at the start of the third quarter. The slowdown may be viewed positively at the Fed, which is keen to see activity cool to lower inflation. The services activity index fell to 52.4 from 54.4 in June and was weaker than the reading of 54 expected among economists in a Reuters poll. The survey's manufacturing output index, meanwhile, experienced growth for the first time in two months, rising to 50.2 from a contracting rate of 46.9 in June.

Persons: Chris Williamson, Williamson, Safiyah Riddle, Andrea Ricci Organizations: P Global, P Global Market Intelligence, headcount, Thomson Locations: U.S

☆ Ryanair cautious about winter travel after quarterly profit soars
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: +3 min

Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing delivery delays after its quarterly profit flew past pre-pandemic levels. Ryanair shares, up 26% so far this year on the back of a post-pandemic travel boom, were 4.3% lower at 15.74 euros in early trade. That compared to 170 million euros a year ago when the travel rebound began and beat the previous high for the first quarter of its fiscal year, 397 million euros in 2017. A company poll of analysts had expected a 620 million euro profit. Ryanair said it remained cautiously optimistic about a modest increase in full-year profit and that it hoped to be in a position to provide more meaningful guidance in November.

Persons: Michael O'Leary, " O'Leary, O'Leary, AeroSystems, Neil Sorahan, Sorahan Organizations: Ryanair, Boeing, Irish, Reuters, easyJet Locations: Europe

☆ Goldman Sachs: These 41 stocks are poised to earn higher profits than the rest of the market over the next year and a half — including one that could see earnings grow by 345% by the end of 2024
▼ + stars: | 2023-07-22 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Goldman Sachs chose 41 stocks expected to see higher EPS growth than the S&P 500 by year-end 2024. Now, Goldman Sachs is calling for the S&P 500 to land around 4,500 by the end of the year. As for the economy, back in January, Goldman Sachs predicted there was a 35% chance of recession this year. Twenty-nine of them are expected to enjoy stronger EPS growth than the S&P 500 this year, and all of them are forecast to outpace the index's EPS growth in 2024. Along with each stock is its ticker, 2023 estimated EPS growth, and 2024 estimated EPS growth.

Persons: Goldman Sachs, Goldman, David Kostin, Jan Hatzius, Kostin Organizations: Intel Locations: Goldman Sachs

The pace of new-crop U.S. corn and soybean export sales usually starts to increase in July and especially into August. That covers only 8% of USDA’s 2023-24 U.S. corn export forecast of 53.3 million tonnes (2.1 billion bushels), below the five-year average of 13%. New U.S. corn export sales, July 13New-crop soybean sales account for 10% of USDA’s 2023-24 export target of 50.35 million tonnes (1.85 billion bushels). New U.S. soybean export sales, July 13Both of those export outlooks, especially the one for corn, are considered too optimistic by some analysts since cheaper Brazilian supplies are seen increasingly eating in to U.S. export shares. China has purchased 1.87 million tonnes of new-crop U.S. soybeans, the lowest mid-July, non-trade-war-year volume in at least 16 years.

Persons: Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, USDA, Japan, Reuters, Thomson Locations: NAPERVILLE , Illinois, United States, U.S, China, New U.S, Brazil, Mexico, Colombia, South Korea, Canada

CNN —A federal judge ordered Friday that the trial in the classified documents case that special counsel Jack Smith brought against former President Donald Trump begin in May 2024. A Trump adviser told CNN that, given the trial date is currently set for the middle of primary season, they anticipate they’ll be able to delay the trial beyond the 2024 presidential election. “Today’s order by Judge Cannon is a major setback to the DOJ’s crusade to deny President Trump a fair legal process. The extensive schedule allows President Trump and his legal team to continue fighting this empty hoax,” Trump spokesperson Steven Cheung told CNN on Friday. CORRECTION: This story has been corrected to reflect that Cannon set the trial date to begin in a two-week period starting on May 20.

Persons: Jack Smith, Donald Trump, Aileen Cannon, Trump, –, it’s, they’ll, Joe Biden, Cannon, “, Judge Cannon, ” Trump, Steven Cheung, Crooked Joe Biden, Joe, Walt Nauta, ”, George Conway, Mark Meadows, E, Jean Carroll, Carroll, Michael Cohen, Stormy Daniels Organizations: CNN, White, GOP, Trump, DOJ, White House, New, Trump Organization Locations: Nebraska , Maryland, West Virginia, Oregon, New Jersey, Cleveland, New York, Manhattan

☆ Ford's dividend quality, J&J's split-off, cost basis discipline — what we think about all these
▼ + stars: | 2023-07-21 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Thank you, Denise The quickest way to determine the sustainability of a company's dividend is to consider it in relation to earnings and/or cash flow. The dividend payout divided by the earnings number is referred to as the "payout ratio" — below 100% is generally considered sustainable (so long as it's positive). First, earnings fluctuate and therefore so does the payout ratio (assuming a non-variable dividend payment). That's because all the numbers are positive in the "adjusted EPS payout ratio" line (2021 and 2022 actual results and 2023 and 2024 estimated results) and each of them is below 100%. As you stated, our discipline is to not violate our cost basis and we stick to that as much as possible.

Persons: Jim Cramer, Denise The, it's, Johnson, Larry, Jim, Denise Organizations: investingclubmailbag, Ford, Kenvue, Johnson, Nvidia, CNBC Locations: FactSet, IOUs, JNJ

☆ Trump could easily wrap up the GOP nomination before his classified documents trial begins
▼ + stars: | 2023-07-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Trump's classified documents trial is now set for May 20, 2024. The former president now has the opportunity to sew up the GOP presidential nomination before it begins. On Friday, Judge Aileen Cannon set the classified documents trial date for May 20, 2024. It's now increasingly likely that Trump's legal woes bleed into the general election calendar, provided Trump wins the nomination. Arguably, it's the classified documents case that could sting the most.

Persons: Donald Trump, Aileen Cannon, Trump, It's, Iowans, wouldn't, Letitia James, E, Jean Carroll, Bill Barr, Trump's, Nikki Haley, Joe Biden Organizations: Service, Republican, Trump, Mar, New York, GOP Locations: Wall, Silicon, New York

☆ Good news for Trump: Jurors at his classified documents trial will come from counties that overwhelmingly voted for him in 2020
▼ + stars: | 2023-07-21 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

Trump's jurors in his classified docs trial will come from a very red swatch of South Florida. The case's judge announced on Friday that the trial will start in May 2024 in Fort Pierce, Florida. US District Judge Aileen Cannon, who Trump nominated, signed an order Friday announcing that the former commander-in-chief will be on trial beginning May 24, 2024, in Fort Pierce. That's good news for Trump because Fort Pierce, in St. Lucie County, is in an overwhelmingly red area of South Florida. All eyes were on her when she was randomly selected to oversee the Justice Department's case against Trump this summer.

Persons: Donald Trump, Aileen Cannon, Trump, Fort Pierce, Lucie, Trump . Cannon, Cannon, Jack Smith's Organizations: swatch, Service, Trump, Trump ., Justice Department, FBI Locations: South Florida, Fort Pierce , Florida, Wall, Silicon, Fort Pierce, St, Lucie County, Okeechobee, Highland, Martin, Indian

4 House Republican Elise Stefanik and hardline Representative Marjorie Taylor Greene last month introduced a bill aimed at expunging Trump's historic two impeachments, from 2019 and 2021. It is a move, however, that could make more moderate House Republicans squirm. Former House Speaker Nancy Pelosi, a Democrat, called the idea of an expungement vote "a disgrace." If such a measure were to pass, the historical record of those impeachments would remain, as would the Senate trials that were triggered by the House impeachments. In return for delaying that endorsement, according to Politico, McCarthy promised to work to pass the legislation.

Persons: Donald Trump, Kevin McCarthy, Trump's, Jack Smith, Republican Elise Stefanik, Marjorie Taylor Greene, impeachments, Greene, Republicans squirm, Trump, Nancy Pelosi, Smith, Joe Biden, McCarthy, impeaching Trump, McCarthy's, Politico, Moira Warburton, Josephine Walker, Nathan Layne, Richard Cowan, Scott Malone, Will Dunham, Matthew Lewis Organizations: Republican, U.S . House, NBC, Politico, Trump, Democratic, Republicans, Democrat, Capitol, U.S . Constitution, White, Thomson Locations: U.S, Fulton County , Georgia, Ukraine, U.S ., Washington, Wilton , Connecticut

☆ Train fares are up to 30 times more expensive than planes in Europe
▼ + stars: | 2023-07-20 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

CNN —As Europe swelters in a heat wave, and the climate crisis accelerates, many travelers are looking towards trains rather than polluting planes. According to a new report, taking a long-distance train in Europe can cost nearly 30 times as much as flying. The report, compiled by environmental campaign group Greenpeace, compared the cost of flight and train tickets on 112 European routes on nine different dates. Train tickets were double the cost of flying, on average, while train journeys from the UK to Europe, which involves taking the often-expensive Eurostar to the continent, were four times the price of flying on average. “Governments must remove airlines’ tax exemptions, such as from fuel taxes and VAT, as well as reduce rail tracks tolls.

Persons: Matteo Mirolo, Lorelei Limousin, ” Victor Thévenet Organizations: CNN, Greenpeace, Eurostar, Ryanair, European Environment Agency, Airlines, Transport, Environment, Transport & Environment, “ Airlines, International Air Transport Association Locations: Europe, Spain, London, Barcelona, Belgium, France, Italy, Edinburgh, EU, Greece

☆ Fact Check-Video of father gathering children during Alaska earthquake dates to 2018
▼ + stars: | 2023-07-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A home security camera video showing a father trying to rush out of the house with his children during an earthquake in Alaska in November 2018 has been miscaptioned online as a scene from a July 2023 earthquake centered in southeastern Alaska. Jesse Elmore of Anchorage, Alaska, the father seen in the video, confirmed to Reuters that the clip from his in-home security camera shows him responding during an earthquake centered in Anchorage on Nov. 30, 2018. Posts sharing the video as more recent make reference to a July 16, 2023 earthquake focused on the Alaska Peninsula, an area that separates the Gulf of Alaska from the Bering Sea (here). The caption states that the video shows a magnitude 7.0 earthquake that occurred on Nov. 30, 2018, and was filmed in Anchorage, Alaska (here), archived (here). Home security camera video dating to November 2018 does not show a scene during a 2023 Alaska earthquake.

Persons: Jesse Elmore, Elmore, Read Organizations: Reuters, United States Geological Survey Locations: Alaska, Anchorage , Alaska, Anchorage

Voters appear to be persuadable on some of those issues, the poll showed, while they are finding fault with Republicans for their efforts to restrict abortion. Both he and Trump supported the U.S. Supreme Court’s decision last year to end the nationwide right to abortion. Republicans were solidly against teaching gender issues in public schools, with 76% opposed, 20% in favor and the rest unsure. Independents were less decided, with 49% against teaching gender issues, 27% in support and 24% unsure. Seventy percent described teaching of gender issues in schools that way and 61% saw importance in the issue of transgender athletes in children's sports.

Persons: Joe Biden, Donald Trump, Ron DeSantis, Biden, Jacob Rubashkin, DeSantis, Trump, Rubashkin, Jason Lange, James Oliphant, Scott Malone, Matthew Lewis Organizations: Democratic, Republican, Reuters, Republicans, Biden, Florida, Elections, Trump, Democratic National Committee, U.S, Thomson Locations: Washington, Florida, U.S .

☆ Ukraine can't advance with tanks alone and is coming up short on what it really needs to break Russia's defenses
▼ + stars: | 2023-07-19 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

Mines are a big problem for Ukraine's forces, but that's not all there is to it, one warfare expert said. As one expert told Insider previously, Leopards are very capable tanks, but no one should expect a "silver bullet." These systems are effective, but Ukraine's forces needs more of this kind of capability, the top general said. "Lack of a comprehensive combined arms approach at scale makes Ukrainian forces more vulnerable to Russian ATGMs, artillery etc. Ed Ram/For The Washington Post via Getty ImagesUnable to carry out those kinds of complex warfare, Ukraine may find itself stuck in an attritional artillery fight with Russia.

Persons: that's, it's, Valery Zaluzhny, ErtÃ ¼, Zaluzhny, Franz, Stefan Gady, Diego Herrera Carcedo, Gady, Ed Ram, It's Organizations: Service, Bradley, Leopards, Washington Post, New York Times, 35th Marine Brigade, ErtÃ ¼ rk, Anadolu Agency, Getty Images Ukraine, Post, Center for New American Security, NATO, 57th Brigade, Getty, Washington, Western Locations: Wall, Silicon, Ukraine, There's, Donetsk, ErtÃ, Kyiv, Donetsk oblast, Russian, Dnipropetrovsk region, Russia

☆ Trump's lawyers say his classified docs trial should be pushed back because he's too busy balancing his campaign schedule with all the indictments he's facing
▼ + stars: | 2023-07-19 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +4 min

Trump's lawyers say his classified documents trial should be postponed until after the election. His lawyers argued it's hard for the former president to balance campaigning with all the indictments and lawsuits he's facing. If Judge Aileen Cannon — a Trump appointee — agrees, it could allow Trump to pardon himself in 2024 if he wins. They made the argument while appearing Tuesday before US District Judge Aileen Cannon, a Trump appointee, for a pretrial hearing. Trump is facing a slew of criminal indictments and civil lawsuits, which his defense lawyers said are clashing with his plans for the 2024 campaign trail.

Persons: it's, Aileen Cannon —, —, Trump, Donald Trump's, Aileen Cannon, Prosecutors, Cannon, David Harbach, Harbach, That's, Christopher Kise, Letitia James, He's, Jean Carroll's, Carroll, Stormy Daniels, Jack Smith's, Smith Organizations: Trump, Service, Justice, GOP, Department, CNN, Capitol, Truth Locations: Wall, Silicon, New York

In its latest quarter, Netflix posted earnings of $3.29 per share on revenue of $8.19 billion. IBM — The business services company's shares shed 0.7% following its mixed second-quarter earnings report. The company posted revenue of $15.48 billion, missing Wall Street's forecast of $15.58 billion, according to Refinitiv. IBM reported adjusted earnings of $2.18 per share, which was higher than analysts' consensus estimate of $2.01 per share. Tesla — Tesla shares fluctuated near the flatline following its second-quarter earnings announcement.

Persons: Refinitiv, Zions Organizations: Netflix, IBM, United Airlines — United Airlines, American Airlines, Zions Bancorp, Las Vegas Sands, Vegas Sands, Discover Locations: Newark , New Jersey, Las Vegas

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