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☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Apple, Walmart, Disney, Boeing, Robinhood, Berkshire Hathaway and more
▼ + stars: | 2024-08-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on the stock to $110 per share from $130 but said it is sticking with Disney shares. Morgan Stanley upgrades Prosperity Bancshares to overweight from equal weight Morgan Stanley said the regional bank has "best in class capital and growing liquidity." Morgan Stanley initiates MKS Instruments as overweight Morgan Stanley said the controlling and measuring device manufacturing company is well positioned. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it is sticking with the stock following its quarterly 10-Q report. " Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it is sticking with its overweight rating on the stock following Walmart+ membership hitting a record high according to its survey checks.

Persons: Mizuho, Morgan Stanley, Disney, Lockheed Martin, Berkshire Hathaway, HOOD, Apple, Jefferies, Mars, Bernstein Organizations: Bank of America, Nvidia, Disney, Gulfport Energy, RBC, Lockheed, UBS, Berkshire, Berkshire Hathaway, Citi, RBC downgrades Moderna, Moderna, Walmart, underperform Bank of America, Netflix, Reuters, Kellanova, Boeing Locations: China, Gulfport, Berkshire, Underperform

☆ Inside the legal plans by foes of Donald Trump and Project 2025 to fight his second-term agenda
▼ + stars: | 2024-08-05 | by ( Tierney Sneed | ) edition.cnn.com time to read: +10 min

(Trump himself has tried to distance himself from Project 2025 but many of his policies and goals overlap.) “Honestly, the Trump administration was often sloppy in the way they rolled out these executive orders, including the first Muslim travel ban,” Washington Attorney General Bob Ferguson told CNN, referring to the Trump ban on migrants from several Muslim-majority countries that was the target of one of nearly 100 lawsuits brought by the Evergreen State against the Trump administration. “This time around, Project 2025 provides a very thorough overview over the issues in which a leading conservative organization, like the Heritage Foundation, is likely to push the Trump administration,” Romero said. Part of the Project 2025 effort has been to collect and vet thousands of potential staffers to serve up and down the federal bureaucracy of a future Trump administration. The ACLU, meanwhile, has been rolling out a series of analyses of possible legal and legislative responses to potential Trump policies.

Persons: Donald Trump, he’ll, slapdash policymaking, Trump, Bob Ferguson, Ferguson, Washington Democrat –, –, “, ”, Deepa Alagesan, Trump’s, Elizabeth Taylor, rollbacks, “ It’s, Anthony Romero, ” Romero, Joe Biden, Romero, It’s, Paul Dans, Skye Perryman, Kica Matos Organizations: CNN, Republican, Trump, Evergreen State, Washington Democrat, International Refugee Assistance, “, National Health Law, Republicans, Supreme, ACLU, Heritage Foundation, Trump Justice Department, Forward, Immigration Law Center, New York Times, Democratic Locations: Washington

☆ Here's Jim Cramer's market sell-off playbook
▼ + stars: | 2024-08-05 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

watch nowCNBC's Jim Cramer shared his playbook for the brutal global market sell-off on Monday. Identify what's actually wrongAlthough the global sell-off hit U.S. markets hard, "the epicenter of the damage" was Japan, Cramer said. The sell-off started when Japan's stock market posted its worst drop since the stock market crash of 1987 known as Black Monday. The sell-off is sparked by money managers who think the Federal Reserve should have cut rates last week. Investors can also take advantage of the decline in interest rates and buy stocks that yield more than 4%, Cramer said.

Persons: Jim Cramer, Cramer, Blackwell, Warren Buffett, Berkshire Hathaway, you'd, Banks, Morgan Stanley, haven't, Harris, Biden Organizations: Dow Jones, Nasdaq, Berkshire, Apple Locations: U.S, Japan

☆ Georgia was fading from the presidential battleground map. But Kamala Harris has put the state back in play.
▼ + stars: | 2024-08-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Read previewLast week, both Vice President Kamala Harris and former President Donald Trump held rallies at the same Georgia State University venue in downtown Atlanta just days apart. AdvertisementWhereas many Republicans were beginning to see Georgia for the taking due to Biden's sagging numbers, Harris has given Democrats a jolt of energy in the state. Harris has strength with young voters and minoritiesBiden in 2020 swept nearly every swing state, boosted by his electoral advantage with young voters and minorities. And the latest Bloomberg News/Morning Consult poll taken in Georgia showed Harris and Trump tied at 47% support each among registered voters. And if Trump holds on to 2020 instead of uniting Georgia Republicans, Harris will likely benefit.

Persons: —, Kamala Harris, Donald Trump, Trump's, MAGA, Harris, Joe Biden, Biden, Trump, Robert F, Kennedy Jr, Joe Raedle, Nikki Haley, Brian Kemp, Brad Raffensperger, Kemp, Raffensperger, he's, Marty, Kemp's, Stacey Abrams Organizations: Service, Georgia State University, Business, Republican, Black, GOP, Emerson College, Trump, Peach State, Bloomberg, Republicans, Trump GOP, Georgia Republicans, Republican Gov, Republican Party Locations: Atlanta, Georgia, Peach, Atlanta's, Raffensperger

☆ Earnings playbook: Disney and this industrial giant are among companies slated to report this week
▼ + stars: | 2024-08-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

More than 70 S & P 500 names are slated to report this week, including Disney and Caterpillar . Tuesday Uber Technologies is set to report earnings before the bell. This quarter: The ride-hailing giant is expected to report a 70% year-over-year increase in earnings, LSEG data shows. What history shows: Uber has beaten earnings expectations in six of the last seven quarters, according to data from Bespoke Investment Group. Wednesday Walt Disney is set to report earnings before the open.

Persons: Eli Lilly, Benjamin Black, Uber, Walt Disney, Wells, Steven Cahall, LLY, Eli Lilly's Organizations: Disney, Caterpillar . Pharmaceutical, behemoth, CNBC, Technologies, Investors, Autonomous Vehicle, Deutsche Bank, Investment, Caterpillar, JPMorgan Locations: California

We’ve never in my lifetime changed candidates this late in the game,” West said, pausing as she left a Harris campaign office to pick up a new packet of door-knocking materials. “There is a lot of excitement around Vice President Harris, actually. However, despite the preparations, Trump’s campaign has yet to find its footing on a consistent message about the vice president. Outside the campaign, Trump’s allies worry there is no strategy for what is now a competitive race. Vice President Kamala Harris speaks at a gathering of the Sigma Gamma Rho sorority in Houston on July 31, 2024.

Persons: Donald Trump’s, Joe Biden, Trump, Biden, Kamala Harris, Ohio Sen, JD Vance, Harris –, Harris, –, ”, “, ” Trump, pollster John McLaughlin, ” McLaughlin, Harper, “ I’ve, We’ve, ” West, President Harris, Joe Lamberti, ” Harris, Rachel Scott, Scott Olson, it’s, Barack Obama, Trump’s, Steven Cheung, “ He’s, Brandon Bell, Trump –, Harris didn’t, ” Rev, Charles Williams, I’m, ’ ” Williams, he’s, Donald Trump, She’s, Carolina Sen, Lindsey Graham, she’s, Vance, Anna Moneymaker, Tucker Carlson’s, they’ve, Alaska Sen, Lisa Murkowski, Schouten, Kate Sullivan, Jeff Zeleny, Steve Contorno, Manu Raju, Morgan Rimmer, Danya Gainor, Lauren Fox Organizations: CNN, Republican, Republican Party, Trump, GOP, National Association of Black Journalists ’, Biden, Harris, Getty, Democrats, Democratic, Democratic Party, ABC, Fox News, Senior Trump, ABC News, National Association of Black Journalists, Indian, Sigma Gamma Rho, Air Force, White, Sigma Gamma Rho sorority, Historic King Solomon Baptist Church, ”, Senate, Capitol Locations: Milwaukee, Chicago, India, Jamaica, Oakland County , Michigan, Harrisburg , Pennsylvania, AFP, Trump, New York, Georgia, Butler , Pennsylvania, Harris, Atlanta, United States, North Carolina, Houston, Detroit, ”, Carolina, Sierra Vista , Arizona, Alaska, Mexico, Arizona, Ohio, California

☆ In the battle between Kamala Harris and Donald Trump, clothing says a lot
▼ + stars: | 2024-08-03 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

Read previewIf Vice President Kamala Harris and former President Donald Trump ever stand next to one another on the debate stage, viewers watching from their living rooms will notice — even if subconsciously — what the two candidates are wearing. AdvertisementTrump has tailored the traditional masculine suit to fit both his body and his brand. Guy said that Trump often wears navy blue Brioni suits, which are reminiscent of 1980s power silhouettes. Related storiesTrump's campaign celebrated his styling choices, as spokesperson Steven Cheung said, "President Trump has the most style of any President in history." Given his background in reality television, Saha said that Trump understands the game of quick visual communication and knows that clothing can send signals about values.

Persons: —, Kamala Harris, Donald Trump, Joe Biden, Harris, Derek Guy, Guy, Trump, Sparsha Saha, Shauna Shames, Shames, Steven Cheung, pantsuits, Manolo, she'll, Saha, Joseph Altuzarra, It's, Rachel Tashjian, I've Organizations: Service, Democratic, Business, Trump, Harvard, Rutgers University, Converse, New York Times, Vogue, Republican, Washington Post Locations: American, Washington

☆ How to survive Phoenix heat: Icy body bags and mobile coolers
▼ + stars: | 2024-08-01 | by ( Bill Weir | ) edition.cnn.com time to read: +8 min

“Buy the bigger ice machines,” Phoenix Fire Captain Robert McDade tells emergency managers who call for advice from around the world. “Be willing to change what you’ve done.”An unhoused man finds little respite from the heat in the shade of a bus stop in Phoenix. Phoenix first responders are stocking body bags filled with ice to treat victims of heat stroke, bringing their core body temperature down on the way to the hospital. Julian Quinones/CNNFirst responders at Fire Station 61 are treating more victims of heat illness as temperatures soar in Phoenix. Every summer we learn, and we improve.”A heat respite center at Burton Barr Central Library just north of downtown Phoenix.

Persons: it’s, Coroners, “, Robert McDade, Julian Quinones, CNN McDade, McDade, ”, ” McDade, John Prato, Kate Gallego, we’ve, ” Gallego, didn’t, Evelio Contreras, Katie Hobbs, Eugene Livar, Arizona’s, there’s, Jennifer Vanos, Vanos, MaRTy ”, CNN Evelio Contreras Organizations: CNN, Phoenix, Harvard, Phoenix City Council, Burton Barr Central Library, CNN Arizona, Arizona State’s School of Sustainability, Vanos Locations: Phoenix, Maricopa County, Chicago, Albuquerque, Arizona, ”

☆ JD Vance: Get ready for even more of Trump’s running mate after shaky rollout
▼ + stars: | 2024-08-01 | by ( Steve Contorno | Alayna Treene | ) edition.cnn.com time to read: +10 min

CNN —JD Vance is making a second pass at introducing himself to America as the Ohio senator attempts to put his uneven rollout as Donald Trump’s running mate in the rearview mirror. Vance is also expected to begin holding news conferences with reporters as early as this week, the source said. At a closed-door fundraiser in Oklahoma City last week, Trump’s finance team was hoping the former president’s new running mate would raise $1 million. The campaign was well aware of Vance’s past criticisms of Trump and the deeply anti-abortion views he vocally defended. Still, people close to both Trump and Vance argue that America has yet to learn how effective the Ohio senator can be when in the spotlight.

Persons: CNN — JD Vance, Donald Trump’s, Vance, he’s, Trump, Kamala Harris ’, “ Kamala Harris, ” Vance, we’re, Vance hasn’t, deriding, Taylor Swift, Ben Shapiro, Dave Portnoy, ”, fides, ” Portnoy, Trey Gowdy, Liam Donovan, Yale Law School –, “ They’re, ” Donovan, “, ” Trump, Kamala Harris, tickled Trump, Florida Sen, Marco Rubio, ” Rubio, Doug Burgum, Rupert Murdoch, Gowdy, Sen, Tim Scott, Shapiro, Ron DeSantis, Kevin Roberts, Roberts, William Martin, Vance “, San Francisco Pride, Antonin Scalia, MAGA Organizations: CNN, Trump, trashing, America, Republican, Barstool Sports, Fox News, South, Marines, Yale Law School, “ CNN, JD, United States Marine Corps, Privately, GOP, North Dakota Gov, Florida Gov, The New York Times, Heritage Foundation, New York Times, San Francisco, Supreme Locations: America, Ohio, – Nevada, , Arizona, Georgia, Mexico, Henderson , Nevada, South Carolina, Minnesota, Iraq, United States, Florida, Oklahoma City, Fort Wayne , Indiana

☆ Your health records are coming to new apps. Here's why
▼ + stars: | 2024-08-01 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

It's about to get a lot easier for patients in the U.S. to access their own medical records. Health-care software vendor Epic Systems on Thursday announced that individuals will be able to securely release their health data to different apps they choose to use, meaning they will have more direct control over their medical information than ever before. For instance, if patients are using a health coaching app or an app that reminds them to take their medicine, they can choose to import their records directly into those platforms. It launched in December, and aims to iron out both the legal and technical requirements for sharing patients' data at scale. If one person uses Verizon as their phone carrier, a second person uses AT&T and a third person uses T-Mobile, they are all still able to call and text one another.

Persons: hasn't, TEFCA, Micky Tripathi, Tripathi Organizations: Systems, U.S . Department of Health, Human Services, HHS, Verizon, Mobile, CNBC Locations: U.S

☆ How 5G connectivity has evolved at the Olympic Games
▼ + stars: | 2024-08-01 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

It's the culmination of years of fine-tuning over successive Olympic Games — as this timeline shows. The Olympic Games are perhaps the world's best-known sporting competition, broadcast to billions worldwide. Here's how 5G capabilities have progressed at the Olympic Games since 2018, starting with a small trial at the 2018 Winter Olympics in Pyeongchang, South Korea, and expanding to today's Games-wide connectivity experience. The companies jointly developed the 5G network at what organizers called "the most innovative Olympic Games ever." Beijing Winter Olympics 2022China has long been an innovator of mobile technology, and the 2022 Winter Olympics in Beijing proved no exception.

Persons: —, Markus Nispel, Mario Reis, Orange, Bertrand Rojat, Rojat Organizations: Paris, Service, Olympic, Extreme Networks, Europe, Olympic Games, today's, KT, Korea Telecom, Sync, Tokyo, Intel, NTT Docomo, Tokyo Games, Olympic Broadcasting Services, Games, Paris Olympic Locations: Paris, Africa, Pyeongchang, South Korea, Tokyo, Beijing, China, Orange

☆ McDonald's says fast food sales are suffering most in California
▼ + stars: | 2024-08-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

McDonald's says fast food sales are suffering most in California. McDonald's raised menu prices in CA to offset the state's $20 minimum wage for fast-food workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMcDonald's CEO says fast food sales are suffering in California as menu prices increased to offset the state's $20 minimum wage for fast-food workers. "You're seeing in California, the business there is falling off to a greater degree than what you're seeing in other markets around the US," CEO Chris Kempczinski told CNBC's Squawk Box.

Persons: McDonald's, Kempczinski, —, Chris Kempczinski, CNBC's, We've Organizations: Service, Business Locations: California, CA

☆ A Chinese Olympic swimmer failed a doping test, but was given a pass after it got blamed on hamburgers: report
▼ + stars: | 2024-07-31 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Chinese swimmer competing in the Paris Olympics was cleared of doping accusations after authorities sourced the drugs back to a tainted burger, according to New York Times reporting. The case comes in the wake of earlier NYT reporting that 23 Chinese athletes had tested positive for another banned medication in 2021. They were ultimately cleared in a Chinada investigation that traced the problem back to a hotel kitchen; and they went on to compete. China has cleared athletes of doping charges at least three times in the past, the paper reported.

Persons: —, Tang Muhan, Junyi, Travis Tygart, WADA, Shelby Houlihan, Getty, Stephen McCarthy Houlihan, Tang, Chinada Organizations: Service, New York Times, Business, Doping Agency, International Testing Agency, Paris Olympics, Chinese Olympics Locations: Paris, Beijing, China, Tokyo

☆ A 26-year-old software engineer who splits his time between NYC and SF explains how he makes it work financially — and his 4 takeaways from bicoastal living
▼ + stars: | 2024-07-31 | by ( Christine Ji | ) www.businessinsider.com time to read: +8 min

He splits his time between San Francisco and New York City, with a few other pit stops in between. AdvertisementThe bicoastal playbookIn late 2021, Kaushik's San Francisco apartment lease was coming up for renewal. During this time, he received an average of $3,350 a month from renting out his apartment in San Francisco. The same thing is true for San Francisco — Kaushik leaves the West Coast during the summer months where there's a lot of activity going on. But being bicoastal also gives him the option to stay in touch with friends who've moved out of San Francisco.

Persons: Anirudh Kaushik, Kaushik, I've, playbook, Kaushik's, he's, He's, I'm, — Kaushik doesn't, he'd, hadn't, It's, bicoastal, San Francisco — Kaushik, who've Organizations: Service, San Francisco and New, Business, San Locations: San Francisco and, San Francisco and New York City, America, Kaushik's San Francisco, San Francisco, East Coast, New York, Paris, Mexico, York, In New York, Brooklyn, Manhattan, Coast, San Francisco and New York

☆ Yen braces for BOJ decision with risk events aplenty
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +4 min

That is followed by inflation readings in France and the wider euro zone later in the day, alongside the Federal Reserve's policy decision, which takes center stage. With plenty of risk events to mark the month-end, currency moves were largely subdued in early Asia trade as investors were hesitant to take on fresh positions. "We anticipate that the BOJ will increase interest rates to around 0.25% at the upper limit." "A rate hike could help stabilize the yen's current levels, whereas the absence of a rate hike may trigger renewed selling pressure driven by carry trades." The yen similarly made headway against other currencies, with the euro falling 0.07% to 165.07 yen and the Australian dollar slipping 0.12% to 99.80 yen.

Persons: Gregor Hirt, Sterling eked, Julien Lafargue Organizations: Bank of Japan, Federal, CIO, Allianz Global Investors, Traders, Barclays Private Bank, New Zealand Locations: Bank, France, Asia

☆ How Soter Analytics uses AI to assess hazards, risks, and violations for 90 companies
▼ + stars: | 2024-07-31 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +6 min

Ninety companies are using the AI, which can detect violations from uploaded photos and videos. This article is part of "CXO AI Playbook" — straight talk from business leaders on how they're testing and using AI. But Goetsch said Soter's AI platform could identify hazards, risks, and violations within about 30 seconds. Soter said about 90 companies were using SoterGenius, including Delta Air Lines, Ramp Health, Boston Children's Hospital, and the insurance brokerage Marsh. For example, Goetsch said one company using SoterGenius recently purchased electric forklifts and installed charging stations.

Persons: —, We've, Soter, Mike Goetsch, Goetsch, SoterGenius, it's, What's Organizations: Service, Ikea, DHL, Occupational Safety, Health Administration, Federal Aviation Administration, Delta Air Lines, Health, Boston Children's Hospital Locations: London

☆ Project 2025 director steps down amid backlash from Trump
▼ + stars: | 2024-07-30 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +6 min

CNN —The director of Project 2025, the conservative blueprint for a potential second Donald Trump term, has stepped down amid intense criticism including from the former president. In addition to stepping down from Project 2025, Dans is also leaving the Heritage Foundation. “Project 2025 is on the ballot because Donald Trump is on the ballot,” Harris campaign manager Julie Chavez Rodriguez said. But Project 2025 has lately become a lightning rod for other ideas Trump hasn’t explicitly backed. He has also assured Trump’s supporters that Project 2025 would become a reality if the former president returned to 1600 Pennsylvania Avenue.

Persons: Donald Trump, Paul Dans, Trump’s, Trump, Chris LaCivita, Kevin Roberts, ” Roberts, ” LaCivita, Susie Wiles, “, ”, President Trump, Kamala Harris ’, Harris, Joe Biden, ” Harris, Julie Chavez Rodriguez, Steve Bannon’s, ” “, ” Dans, Em Steck Organizations: CNN, Trump, Heritage Foundation, Heritage, “, Leadership, Affordable, National Weather Service, Mandate, Management, White Locations: Nashville

☆ Most Americans are tuning into political news after a month that rocked the 2024 campaign. Here’s what they’re hearing
▼ + stars: | 2024-07-30 | by ( Jennifer Agiesta | Ariel Edwards-Levy | ) edition.cnn.com time to read: +7 min

In initial data from late June and through July, about 8 in 10 Americans said each week that they’d read or heard at least something about Biden or Trump, respectively. But the focus had shifted away from his criminal conviction: first to his debate against Biden, and then to the assassination attempt against him. By contrast, two more standard campaign milestones – the Republican National Convention and Trump’s selection of a running mate – drew less public attention. The Breakthrough survey project will run throughout the 2024 campaign, tracking the things Americans say they read, hear and see about the candidates. Looking at the trend over time shows a sharp divergence between the conversations around Trump and Biden following the presidential debate.

Persons: Donald Trump, Joe Biden, Kamala Harris, SSRS, Trump, Trump –, –, Harris, Biden, they’d, Robert F, Kennedy, Jr, Hillary, ’, CNN’s Dana Elobaid Organizations: CNN, Trump, Democratic, Georgetown University, University of Michigan, Biden, “, Republican National Convention, Heritage Foundation, Republicans, s3mc.org, Biden’s

☆ Verizon sees early success using generative AI to answer questions from business customers
▼ + stars: | 2024-07-30 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +6 min

Verizon uses generative AI to reduce the workload from its high volume of business-related calls. Debika Bhattacharya, the chief technology-solutions officer at Verizon Business, said Verizon received 170 million calls from business and individual customers every year. Last year, the company added generative AI as another layer to help reduce the demands on customer-service agents and answer clients' questions faster. AI in actionIncorporating generative AI into its business-to-business customer-service strategy helps agents answer questions and resolve issues faster, Bhattacharya said. Bhattacharya said it's too early to share data about how generative AI was improving Verizon's business customer service.

Persons: —, Debika Bhattacharya, Bhattacharya, it's Organizations: Verizon, Service, Verizon Communications, Fortune, Verizon Business, hyperpersonalization, Telecom Locations: New York City

☆ Americans keep turning their backs on McDonald’s
▼ + stars: | 2024-07-29 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

CNN —Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. The tough environment for McDonald’s wasn’t limited to the United States: Sales at stores open for at least a year fell 1% globally. The plan focuses on value meal plans like the popular $5 meal introduced earlier this summer. He pointed to McDonald’s new emphasis on chicken, which is now on par with beef sales at restaurants. Whether or not that viral post was the final straw for McDonald’s customers, Americans have been punishing the company ever since.

Persons: McDonald’s, McDonald’s isn’t, Grimace’s, ”, Chris Kempczinski, hadn’t, Kempczinski, “, ” Kempczinski, — Organizations: CNN, Inflation, McDonald’s Locations: Burger, United States, Connecticut

☆ How 5G technology is helping curb carbon emissions and waste at the Paris Games
▼ + stars: | 2024-07-29 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

Installing and using 5G technology could help minimize the Olympics' environmental impacts. Sustainability initiatives also extend to the 5G technology powering the Olympic Games. Orange, the telecommunications provider for the Paris Games, has set itself the goal of limiting its carbon emissions to 10,000 metric tons of carbon dioxide. Environmentally friendly technology that can support more fansThough 5G systems require infrastructure installation, their technology is more sustainable than older connectivity systems like analog distributed antenna systems, Swank said. Recycling 5G equipment for more sustainabilityTo work toward its carbon-emissions goal for the Paris Games, Orange decreased its equipment manufacturing and infrastructure-deployment footprint.

Persons: —, Kevin Swank, Swank, CommScope, Kelvin Chaffer, Chaffer Organizations: Service, Games, Janeiro Games, Social Sciences, Paris Games, Olympic Games, T, Dallas Cowboys, Paris Olympics, Software Locations: Rio, France, Germany, Arlington , Texas, Orange

☆ The reason why McDonald's stock is soaring despite a big earnings miss: Value meals
▼ + stars: | 2024-07-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

McDonald's global comparable sales fell 1% year-over-year last quarter, missing analyst estimates. The company plans to focus on value going forward as low income customers grow weary from inflation. McDonald's same-store sales fell 1% in the most recent quarter, marking the first decrease in same-store sales since 2020. Its net income for the quarter fell to $2.02 billion, down from $2.31 billion the year before. Low income customers, in particular, are shying away from fast food as inflation soas.

Persons: —, McDonald's, Chris Kempczinski, Joe Erlinger, Kempczinski Organizations: Service, Consumers Locations: New York, McDonald's, U.S

☆ McDonald's executives admit diners think prices are too high, say they're working to create value
▼ + stars: | 2024-07-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation. During the company's second-quarter earnings call Monday, executives said they are taking a "forensic approach" to evaluating prices and trying to create value. We are working to fix that with pace," McDonald's CEO Chris Kempczinski said on the company's earnings call. The offer also began to increase guest count growth, but it has not yet translated into sales increases, company executives said on the call. The $5 value meal was rolled out only days before the second quarter ended.

Persons: Chris Kempczinski, Kempczinski, Joe Erlinger, Erlinger, we've, — CNBC's Amelia Lucas, Kate Rogers Locations: U.S, Placer.ai

☆ Earnings playbook: Your guide to the busiest week of the season, including Microsoft and Apple
▼ + stars: | 2024-07-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

Of those names, 78% have beaten earnings expectations. Tuesday Advanced Micro Devices is set to report earnings after the bell. Thursday Apple is set to report earnings following the market close. This quarter: Expectations are muted around the tech giant, with analysts forecasting just 6% year-over-year earnings growth, according to LSEG data. This quarter: Analysts polled by LSEG see earnings growth of more than 55% for Amazon.

Persons: Ruben Roy, Jefferies, AAPL, Baird, Will Power, AMZN, LSEG, Brian Pitz, 120bps Organizations: Microsoft, Devices, Apple, Google, CNBC, AMD, LSEG, GPU, ISI, Apple Intelligence, Amazon, BMO

☆ We are 100 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-07-28 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +11 min

Harris opens up new potential paths to victorySince entering the race, Harris has shown momentum in early polling. This became worrisome for the Biden campaign as warning signs flashed in states like Virginia and New Hampshire. The positive early polling is a great sign for the vice president, but it isn't the only metric that shows momentum. Trump's pick for vice president makes things interestingVice presidential picks are far from guaranteed to help a presidential hopeful win a state. With Biden out of the race, Democrats will likely seek to tie the election — anchored by Harris' candidacy — to the party's future.

Persons: —, Kamala Harris, Donald Trump, Lyndon B, Johnson, Joe Biden's, Biden, Biden's, Trump, Harris, isn't, Sen, JD Vance, MAGA, Joe Biden, hto4J6PkOw —, Harry Enten, Harris —, Al Gore, George W, Vance, Ohio Sen, Win McNamee, Doug Emhoff, Mike Pence, John McCain of, Jim Vondruska, Mark Kelly of Arizona, Josh Shapiro, Tim Walz, Andy Beshear, Roy Cooper of, JB Pritzker, Gretchen Whitmer, Pete Buttigieg, Cedric Richmond of, Kelly, Shapiro, Walz Organizations: Service, The United, Democratic, Business, Democrats, Republican National Convention, Democratic National Convention, GOP, New York Times, Trump, Biden, Harris, CNN, Electoral, NV, Omaha -, Black, Anselm College, Convention, Ohio, Ohio Republican, Senate, Ohio Republicans, White, Getty, Pennsylvania, Bloomberg, Illinois, Navy Locations: The United States, Vietnam, Harris, Chicago, Ohio, Siena, Michigan , Wisconsin, Pennsylvania, Omaha, Nebraska, Virginia, New Hampshire, Minnesota, New Mexico, North Carolina, Georgia, John McCain of Arizona, Michigan, Kentucky, Roy Cooper of North Carolina, Cedric Richmond of Louisiana, Arizona, Wisconsin

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