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☆ Live Updates: Authorities Find Explosives in Car of Gunman Killed in Assassination Attempt on Trump
▼ + stars: | 2024-07-14 | by ( Michael D. Shear | Mike Ives | ) www.nytimes.com time to read: +11 min

“I will Never Surrender!” Mr. Trump wrote in a text message to supporters. And Mr. Trump is preparing to name his running mate and formally claim his party’s nomination for the third consecutive election. Vance of Ohio, who is on the shortlist of candidates that Mr. Trump is considering as a running mate, wrote on X. “An assassination attempt is contrary to everything we stand for as a nation,” Mr. Biden said. Mr. Trump had assured Malphine Fogel, who lives in Butler County, that he would help get her son home.

Persons: Donald J, Trump’s, Trump, Biden’s, Biden, ”, Mr, “, Susie Wiles, Chris LaCivita, LaCivita, Doug Mills, Ronald Reagan, Melania Trump, Douglas Brinkley, Butler, ” Mr, Brinkley, “ Trump, Dan Crenshaw, Lara Trump, Kenny Holston, Donald Trump, J.D, Vance of Ohio, Lester Holt, Pramila Jayapal, Eric Lee, Nancy Pelosi, Gabby Giffords, Steve Scalise, “ It’s, Scalise, Mike Johnson, ” “ We’ve, Johnson, Christine Toretti, committeewoman, gee, Ms, Toretti, Malphine Fogel, Mike Kelly, ” Reid J, Epstein, Lisa Lerer Organizations: White, Republican National Convention, Trump, Washington, Republicans, New York Times, Rice University, ”, Republican, Republican National Committee, Trump . Federal, NBC, Congressional Progressive Caucus, Mr, Capitol, Arizona Democrat, Fox News, Louisiana Republican, Homeland Security, Pennsylvania Republican Locations: Pennsylvania, Delaware, New Jersey, Milwaukee, West Palm Beach, “ America, Butler , Pennsylvania, Texas, Trump ., America, Washington, San Francisco, Arizona, Louisiana, Butler County

☆ A Senator’s Fate Is in a Jury’s Hands
▼ + stars: | 2024-07-12 | by ( Benjamin Weiser | Tracey Tully | ) www.nytimes.com time to read: +1 min

The Manhattan jury in Senator Robert Menendez’s corruption trial began its deliberations midday Friday on a raft of federal charges in what prosecutors describe as a complex and yearslong bribery conspiracy. A third-term Democrat who represents New Jersey, Mr. Menendez is accused of steering aid to Egypt, applying political pressure to preserve a friend’s business monopoly and meddling in criminal investigations in exchange for bribes of gold, cash and a Mercedes-Benz. On Thursday, Mr. Menendez, 70, seated at the defense table with his lawyers, leaned back in a chair, hands clasped on his lap, as a prosecutor offered an hourslong rebuttal to frequently impassioned closing arguments by lawyers for the senator and two businessmen, Wael Hana and Fred Daibes, who are being tried with him. In his rebuttal argument, the prosecutor, Daniel C. Richenthal, took direct aim at a pillar of the senator’s defense strategy — an effort to shift blame to his wife, Nadine Menendez, 57.

Persons: Robert Menendez’s, Menendez, clasped, Wael Hana, Fred Daibes, Daniel C, Nadine Menendez Organizations: Benz Locations: Manhattan, New Jersey, Egypt

☆ Stocks making the biggest moves midday: Wells Fargo, JPMorgan, AT&T, Carvana and more
▼ + stars: | 2024-07-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Wells Fargo recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, below the $12.12 billion expected by analysts, according to FactSet. JPMorgan reported revenue of $50.99 billion, higher than the $49.87 billion analysts polled by LSEG had expected. Citigroup — The shares dropped more than 2% even after the bank reported better-than-expected profit as investment banking activity surged. Earnings per share came in at $1.52 for the second quarter, compared to $1.39 a share expected by analysts polled by LSEG. Fastenal — The stock rose 4.5% after the industrial company reported earnings for the second quarter.

Persons: Wells, Wells Fargo, LSEG, BTIG, Fastenal, Coco, Piper Sandler, Yun Li, Alex Harring, Samantha Subin, Lisa Han, Michelle Fox, Sean Conlon Organizations: JPMorgan —, JPMorgan, Citigroup —, LSEG, Revenue, Bank of New York Mellon, Citi, FactSet Locations: San Francisco, Snowflake

☆ Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
▼ + stars: | 2024-07-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. Shares of major airline stocks American Airlines and United Airlines also fell around 4.7% and 3.7%, respectively, following the results. WD-40 reported total net sales of $155 million in the fiscal third quarter, up 9% from the year-ago period. Semiconductor names — Investors took a few chips off the table on Thursday, selling high-flying semiconductor stocks.

Persons: QuantumScape, Conagra, Lantheus, Tesla, Horton, —, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Tanaya Macheel, Darla Mercado Organizations: Delta Air Lines, American Airlines and United Airlines, Costco, Peugeot, Opel, Vauxhall, Lantheus Holdings, Medicare, Services, PepsiCo, Revenue, Bloomberg News, Bloomberg, Industries, Builders, Semiconductor, —, VanEck Semiconductor, Nvidia Locations: U.S, Canada, Europe

☆ Stocks making the biggest moves midday: Intuit, AMD, LegalZoom.com, Baidu and more
▼ + stars: | 2024-07-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

In terms of revenue, LegalZoom now expects between $675 million and $685 million for the full year. Taiwan Semiconductor Manufacturing — The chip stock advanced 3% following the company's revenue results . Though the company's reported T$207.87 billion for the month of June was a 9.5% decrease from last month, it was a 32.9% increase from the year-ago period. For January through June this year, the company reported T$1.27 trillion, which is a 28% increase from the same period last year. Carvana — Shares of the online car seller added 5% after Needham upgraded the stock to buy from hold.

Persons: LegalZoom.com, Dan Wernikoff, Jeffrey Stibel, LegalZoom, Carvana, Needham, robotaxi, —, Alex Harring, Fred Imbert, Samantha Subin, Pia Singh, Michelle Fox, Darla Mercado Organizations: Intuit —, Intuit, Taiwan Semiconductor Manufacturing, Baidu, Street Journal, Shanghai, Mastercard, Visa, Bank of America, Manchester United, BioSciences, Analysts, Illumina, Teva Pharmaceutical Industries, Argus, UBS, Science, AMD, Silo Locations: China, Shanghai, Hoka, Europe

☆ At least 7 dead and more than 2 million without power in Hurricane Beryl aftermath
▼ + stars: | 2024-07-09 | by ( Patrick Smith | ) www.cnbc.com time to read: +1 min

A home destroyed by Hurricane Beryl bakes in the midday sun on Monday off Blue Water Highway in Surfside Beach. At least six people have died in Texas and one in Louisiana as a result of Hurricane Beryl, as a huge clean-up and restoration operation gets underway to reconnect 2.3 million energy customers who lost power during the storm's disastrous procession through the state. A 53-year-old man and a 74-year-old woman both died when trees fell onto their homes in separate incidents in Harris County, Texas, police said. Beryl has since been downgraded to a tropical depression, but more than 21 million people from Arkansas to Michigan were under flood watches Tuesday morning as it continues to moves northeast. At least six people died in Texas as a result of the storm after it made landfall on Monday as a Category 1 hurricane with sustained wins speeds of 80 mph.

Persons: Hurricane Beryl bakes, Hurricane Beryl, Russell Richardson, Sheriff Julian Whittington, Beryl Organizations: Montgomery County Emergency Management, Magnolia . Houston Police Department, Sheriff, Facebook, National Weather Service Locations: Surfside Beach, Texas, Louisiana, Hurricane, Harris County , Texas, Montgomery County, Magnolia ., Bossier Parish , Louisiana, Shreveport, Arkansas, Michigan

☆ Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more
▼ + stars: | 2024-07-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Helen of Troy — The housewares stock plummeted nearly 28%, hitting a new 52-week low during the session. The company posted an earnings miss for its first quarter of fiscal 2025 before the bell, earning 99 cents per share, excluding items. Lucid — The electric vehicle company's stock added nearly 1% after rallying about 8% in the previous session. Lucid jumped after the firm said it delivered 2,394 vehicles in the second quarter, marking a 70% year-over-year increase. Tesla — Shares of the electric vehicle company popped more than 4%.

Persons: Blackwell, Helen of Troy —, FactSet, UiPath, Lucid, Eli Lilly's Mounjaro, Eli Lilly, Morgan Stanley, Corning, Yun Li, Pia Singh, Sarah Min, Darla Mercado Organizations: Nvidia, UBS, BP — U.S, Novo Nordisk, Novo Nordisk's Ozempic, Sony, Paramount, National Amusements, Skydance Media, Apollo, CNBC Locations: Novo

☆ How Biden Is Leveraging His Defiance to Try to Stem Democratic Defections
▼ + stars: | 2024-07-08 | by ( Shane Goldmacher | ) www.nytimes.com time to read: +1 min

President Biden’s increasingly emphatic declarations that he will not exit the presidential race are delivering an unmistakable message to potential wayward Democrats: Any criticisms going forward damage the party’s chances against Donald J. Trump. For days, Mr. Biden has said he will remain his party’s nominee after his poor debate short of an intervention from “the Lord Almighty.” On Monday, he put that assertion into action. It began with an open letter to congressional Democrats saying he was definitely running. “I am not going anywhere,” Mr. Biden told the donors. The moves amounted to a show of defiance that the Biden operation hoped would earn him some deference, as uneasy Democratic lawmakers trickled back to Capitol Hill after a holiday break.

Persons: Biden’s, Donald J, Biden, ”, “, Mr, trickled Organizations: Trump, Congressional Black Caucus, Democratic, Capitol

☆ Why our stocks tied to AI and dependent on housing are rallying in a mixed market
▼ + stars: | 2024-07-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Monday market: Stocks were mixed with the S & P 500 and Nasdaq hovering around their all-time highs and the Dow off slightly. Last week's rally was driven by the Magnificent Seven stocks, with Club names Apple , Amazon , Alphabet , Meta Platforms , and Microsoft closing at highs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Corning, Stanley Black, Decker, —, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow, Apple, Microsoft, Nvidia, Broadcom, Dell, Devon Energy, Grayson, Energy, Costco, Telsey, Jim Cramer's Charitable Locations: Meta, Lowe's, Whirlpool, Williams, Sonoma, Williston, Devon

☆ Stocks making the biggest moves midday: Paramount Global, Morphic Holding, Ideaya Biosciences and more
▼ + stars: | 2024-07-08 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Skydance and its financial backers will invest more than $8 billion into Paramount and to acquire National Amusements, Paramount's controlling shareholder. Morphic Holding – Shares rallied 75% on news that Eli Lilly will acquire the biopharmaceutical company in a $3.2 billion deal . The deal will give Eli Lilly access to Morphic's portfolio of treatments in development, such as those for ulcerative colitis and Crohn's disease. Shares of Eli Lilly advanced 1.3% on the news. Boeing – Shares fell slightly after the airplane maker agreed to plead guilty to criminal fraud related to the fatal 737 Max crashes, sparing Boeing from a trial.

Persons: Eli Lilly, BofA, Corning, Guggenheim, Max, Grayson, Raymond James, Samantha Subin, Pia Singh, Hakyung Kim, Sarah Min, Michelle Fox Organizations: Paramount Global, Skydance Media, Skydance, Paramount, National, Morphic, Ideaya Biosciences, Bank of America, Boeing –, Boeing, ., CNBC, Devon Energy, Gilead Sciences Locations: Columbia, Stifel, Williston, Gilead

☆ Starmer pledges to ‘reset’ Britain as Labour takes over after 14 years of Conservative rule
▼ + stars: | 2024-07-05 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

London CNN —The Labour Party has won a landslide victory in the UK general election, sweeping into power after 14 years of Conservative rule on the back of a wave of public disillusionment. Addressing the nation from outside 10 Downing Street for the first time as prime minister, Starmer had one overarching message: Change starts now. There were high-profile casualties, with the short-lived former Prime Minister Liz Truss and several cabinet ministers being booted out by voters. Conservative leader and, as of Friday morning, former Prime Minister Rishi Sunak took responsibility for the electoral wipeout, apologizing to voters in his farewell address. Leaving the palace as the newly minted prime minister, he then headed straight to Downing Street.

Persons: Keir Starmer, King Charles III, Starmer, ”, Liz Truss, Rishi Sunak, Sunak, “, Akshata Murty, Nigel Farage, Donald Trump, Farage, Sinn Féin, Clodagh Kilcoyne, Rachel Reeves, Angela Rayner, David Lammy, Yvette Cooper, Jeremy Corbyn, Yui Mok, Tony Blair, Starmer –, –, Israel “, David Cameron, Brexit –, Boris Johnson Organizations: London CNN, Labour Party, Conservative Party, Labour, Conservative, Downing, British, Conservatives, Liberal, Lib Dems, Reform UK, Green Party, Scottish National Party, Irish, Democratic Unionist Party, DUP, Reuters Government, Home, Tories, European Union Locations: British, United Kingdom, Buckingham, Scotland, Northern Ireland, Ireland, Westminster, Starmer, Gaza, Britain, Europe, United States, Ukraine

☆ Stocks making the biggest moves midday: Macy's, MicroStrategy, Coinbase, Nvidia and more
▼ + stars: | 2024-07-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside given the big run already this year. Crypto stocks — Stocks tied to the cryptocurrency plummeted after the trustee for the now defunct Mt. SoftBank Group , Arm Holdings — U.S. shares of SoftBank rose 5.5% after Japanese shares hit their first record high in 24 years on Thursday. Teck Resources — The stock rose more than 2% after Bloomberg reported Thursday that Canada had approved Glencore's $6.9 billion acquisition of Teck's metallurgical coal business.

Persons: Macy's, Stocks, Energy, CleanSpark, Masayoshi, SoftBank, Nio, Zeekr, Li, Emmanuel Papadakis, Teck, Alex Harring, Jesse Pound Organizations: Nvidia, New, Research, Street Journal, Arkhouse Management, Brigade Capital Management, Marathon, SoftBank, Arm Holdings —, Reuters, Francisco Partners, KKR, —, European Union, Li Auto, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Bloomberg, Getty Locations: SoftBank, Europe, Novo, Teck

☆ Hey, Apple! We want much more battery life in the new iPhone 16.
▼ + stars: | 2024-07-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Yes, the iPhone 16 lineup will have all those fancy and fun new AI ("Apple Intelligence") features that Apple is excited about. The good news is this could mean longer battery life (or the same battery life, but with a lighter battery). NurPhoto/Getty ImagesThe one thing we all want, that we all crave, is much better battery life, not just a small boost. And the upgrade in battery life in the Series 9 is — I do not exaggerate — life-changing. The American Experiment is about ideals and dreams — and we can dream of a world with really, really long battery life.

Persons: I'm, Jordan Hart, Chi Kuo, Max, —, it's, congrats, I've, I'd Organizations: Service, Apple, Disney Star Wars Locations: Taiwan

☆ At Hot Dog Eating Contest, a Chance to Crown a New King
▼ + stars: | 2024-07-04 | by ( Liam Stack | ) www.nytimes.com time to read: +1 min

It is time for the Nathan’s Famous Hot Dog Eating Contest in Coney Island. The contest has long been a holiday mainstay in New York, and must-see midday TV across the country. But this year’s event, which tests “competitive eaters” on how many hot dogs they can frantically scarf down in 10 minutes, promises to be unusually suspenseful. Joey Chestnut, the 16-time champion, was forced to part ways with the contest last month after he signed an endorsement deal with Impossible Foods, a rival to Nathan’s that makes vegan hot dogs. Chestnut go through a pile of hot dogs like a wood chipper.

Persons: Joey Chestnut, Chestnut Organizations: Impossible Foods Locations: New York City, Coney Island, New York

☆ McDonald's shortens breakfast hours in Australia in response to nationwide egg shortage
▼ + stars: | 2024-07-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Australia is facing an egg supply crunch thanks to bird flu outbreaks — and it's led McDonald's to trim breakfast hours by 90 minutes, also pushing supermarkets to restrict purchases to two cartons per consumer. Citing "industry challenges," McDonald's on Tuesday announced that it was temporarily serving breakfast until 10.30am instead of midday across Australia. The government added that it is currently responding to outbreaks of the H7 high pathogenicity avian influenza (HPAI) at 11 poultry farms. The Food Standards Australia New Zealand (FSANZ) noted that there is currently no evidence that people can contact the virus through "properly prepared" food. "Avian influenza (bird flu) is not a food safety concern and it is safe to eat properly handled and cooked chicken meat, eggs and egg products," the organization added.

Persons: it's, Murray Watt, McDonald's, Rowan McMonnies, there's, McMonnies Organizations: U.S, Australia Facebook, Coles, Woolworths, Food Standards, Food Standards Australia New Zealand Locations: Australia, Food Standards Australia

☆ Stocks making the biggest moves midday: Paramount Global, Tesla, MGM Resorts and more
▼ + stars: | 2024-07-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Paramount Global's special committee is reviewing and voting on the agreement , CNBC reported, citing a person familiar with the matter. Tesla — The electric vehicle company jumped another 6%, bringing its week-to-date gains to 24%. Constellation Brands — Shares of the beer and wine company fell 2.5% after its first-quarter sales came in just below expectations. Silver miners were up 4.3% on Wednesday and on pace for their best day since May 17, while gold miners were up 3.76% and on pace for their best day since March 20. Copper miners also gained 4%, tracking for their best day since May 17.

Persons: Tesla, Dan Ives, LSEG, Jerome Powell, —, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox, Gina Francolla Organizations: Paramount, Skydance Media, National Amusements, CNBC, Elon, MGM Resorts, MGM, Constellation, U.S, Federal, Constellation Energy, Reuters, Pennsylvania Locations: Tuesday's

☆ My family went to Rome during the peak summer season. Our trip would've been better if we knew these 5 things before we left.
▼ + stars: | 2024-07-03 | by ( Alesandra Dubin | ) www.businessinsider.com time to read: +5 min

Summer is high season in Rome, and the city saw an estimated 35 million tourists that year — a huge increase from 2022. Sit out the midday heat indoorsRome is beyond hot in the high season, with regular highs in the 80s and 90s Fahrenheit. Try to stay indoors during the excruciating midday heat — ideally in a place with air conditioning. You can avoid the midday heat, and you might have a more spiritual experience if you're not being jostled by crowds of people wielding selfie sticks. Alesandra DubinDon't wing your trip during Rome's high season.

Persons: —, Alesandra Dubin, I'd, you'll Organizations: Service, Business Locations: Rome, London

☆ My brother drowned trying to save someone else on the Fourth of July. I dread the holiday every year.
▼ + stars: | 2024-07-03 | by ( Janet Funk | ) www.businessinsider.com time to read: +6 min

While the rest of America is celebrating, I'm reliving the day my brother drowned, the day my family went from eight kids to seven. My brother Dave and I drove up together on July 3. Janet Funk and her oldest brother, Paul. Paul, Dave, and Tom jumped up and followed him. They were halfway there when Robbie went under.

Persons: I'm, Paul, Sue, Tom, Carol, Ellen, Robbie, Dave, Janet Funk, Janet Funk Robbie, Robbie waded, — Organizations: Service, Business, Irish Catholic Locations: America, Lake Erie

☆ McDonald’s shortens breakfast time in Australia as bird flu causes egg shortage
▼ + stars: | 2024-07-02 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

McDonald’s has cut breakfast service timings by 90 minutes, the company said, after a shortage of eggs caused by bird flu outbreaks that have led to the slaughter of about 1.5 million chickens. Australia is battling outbreaks of several strains of highly pathogenic avian influenza that have struck 11 poultry facilities, most of them egg farms, in its southeast since May. None of the strains are the H5N1 variant of bird flu that has spread through bird and mammal populations worldwide, infecting billions of animals and a small number of humans. “Consumers can be assured there’s still over 20 million hens under the care of hundreds of egg farmers across Australia that will continue to work hard to ensure there’s eggs on shelves,” he added. Bird flu spreads to farmed animals from wild birds.

Persons: McDonald’s, ” McDonald’s, Rowan McMonnies, there’s Organizations: Good, Facebook Locations: Canberra, Australia

☆ America has a serious ugly home problem
▼ + stars: | 2024-07-02 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Recently she posted a video on her YouTube channel in which she phrased the question more bluntly: "Why are homes so 'ugly' now?" Most people agree that America needs more houses, but nobody seems all that thrilled with the ones being built. Related storiesThe blame for America's architectural nightmare, however, doesn't stop at production builders, rising costs, or local codes. Homes look this way because they're not just places where we live — they're also supposed to help us get rich. As they stare down these rising costs, builders and architects have almost no choice but to streamline or opt for cheaper design elements.

Persons: Bailey McInnes, McInnes, they're, James Wentling, John Burns, Peter Dennehy, They're, Dan Reynolds, Horton, Lennar, Kate Wagner, she's, —, Wagner, Marcia Straub, William Morgan, it's, Queen Anne Organizations: HGTV, YouTube, Facebook, Builders, Bureau of Labor Statistics, National Association of Home Builders, John Burns Research, Consulting, Harvard's, for Housing Studies, Harvard, The Locations: Northern Virginia, America, homebuilding, Providence , Rhode Island

☆ Tesla sales fall again as more automakers crowd electric vehicle market
▼ + stars: | 2024-07-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Tesla sales fell for the second straight quarter. In the fourth quarter BYD briefly passed Tesla in global EV sales. But the better-than-expected Tesla sales were enough to lift shares of Tesla (TSLA) by more than 9% in midday trading. The strong EV sales were balanced by a slight drop - about 0.3% - in sales of traditional gasoline powered cars. Toyota’s US EV sales soared even more, rising 301% to 11,600.

Persons: Tesla, Elon Musk, —, BYD, CNN’s Laura He, Peter Valdes, Dapena Organizations: New, New York CNN, clamoring, Tesla, Volkswagen, General Motors, Ford, GM, EV, Blazer EV, Cadillac, Toyota Locations: New York, China, Europe, North America

☆ Stocks making the biggest moves midday: Chewy, GameStop, Boeing, Norwegian Cruise Line and more
▼ + stars: | 2024-07-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Boeing , Spirit AeroSystems — Boeing on Monday said it would buy back fuselage maker Spirit AeroSystems in a $4.7 billion all-stock deal. Trump Media & Technology Group — Shares of Trump Media & Technology Group rose 3% following a roughly 11% loss during Friday's session. Nio — The Chinese electric vehicle stock rose 6% on Monday after the company said vehicle deliveries rose nearly 100% in June . Tesla — The electric vehicle stock popped 6%. NextEra Energy Partners — The renewable energy stock dropped 5%.

Persons: Keith Gill, Joe Biden, Donald Trump, Birkenstock, Nio, Tesla, Beryl, —, Jesse Pound, Michelle Fox, Alex Harring, Sarah Min, Hakyung Kim Organizations: GameStop, Boeing, Trump Media & Technology, Trump Media & Technology Group, UBS, Point Capital Management, NextEra Energy Partners, Royal Bank of Canada, Cruise, Royal Locations: Point, Grenada, Royal Caribbean

☆ Stocks making the biggest moves midday: Trump Media, Kura Sushi, Nike and more
▼ + stars: | 2024-06-28 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Nike — The athletic apparel giant plummeted 19% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Trump Media & Technology — Shares of Trump Media & Technology Group declined about 2%, reversing an earlier gain on the heels of the first presidential debate between former President Donald Trump and President Joe Biden. Infinera — Shares of the networking solutions supplier rallied 18% after Nokia announced its plans to acquire the company for $2.3 billion. Kura Sushi USA — The sushi company plunged 25% after posting disappointing preliminary revenue figures for the third quarter. Digital Realty Trust — The real estate investment trust moved 2% higher following an upgrade at JPMorgan to overweight from neutral.

Persons: Donald Trump, Joe Biden, Infinera, Baird, Brennan Crowley, — CNBC's Michelle Fox, Alex Harring, Samantha Subin Organizations: Nike, LSEG, Trump Media & Technology, Trump Media & Technology Group, Nokia, SAP —, BMO Capital, Digital Realty Trust, JPMorgan, Realty Trust

☆ Stocks making the biggest moves midday: Walgreens Boots Alliance, Levi Strauss, International Paper and more
▼ + stars: | 2024-06-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock plummeted more than 24.5% after the retail company reported third-quarter earnings results that missed Wall Street's expectations . Levi Strauss — The denim maker's stock tumbled 17.1% after revenue came in at $1.44 billion for the second fiscal quarter. International Paper — Shares of the paper manufacturing company fell nearly 8% following the news that Suzano is no longer pursuing a potential acquisition of the company. Hunterbrook Capital, a hedge fund Hunterbook is affiliated with, has a short position in the company's shares. Micron Technology — The memory chip stock shed nearly 7% after Micron Technology offered guidance that was roughly in line with expectations.

Persons: Levi Strauss, Suzano, Gary Friedman, AeroVironment, Goldman Sachs, Alex Harring, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Walgreens, Alliance, CVS, LSEG, Hunterbrook Media, Hunterbrook, Micron Technology, Arista Networks, Citi

☆ U.S. drivers lost 42 hours—a full work week—to traffic in 2023: Congestion 'hinders economic growth,' expert says
▼ + stars: | 2024-06-26 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

The 2023 Global Traffic Scorecard report by INRIX, a transportation analytics company, found the typical U.S. driver lost 42 hours to traffic congestion — the equivalent of a full work week — that resulted in $733 worth of time lost. Congestion cost the U.S. more than $70.4 billion in 2023, a 15% increase from 2022. The report also states the return to the office post-Covid has continued to affect other modes of transportation. To rank the cities, INRIX looked at travel delay comparisons, collision trends, last-mile speeds, economic costs and time lost. Pishue says the biggest takeaway from the report was that of the urban areas studied globally, 78% saw increased traffic delays in 2023.

Persons: INRIX, Covid, Bob Pishue, Pishue Organizations: CNBC Locations: States, U.S

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