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☆ Treasury yields slide ahead of July jobs report
▼ + stars: | 2024-08-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was down by over 4 basis points at 3.933%, remaining below the 4%. The yield on the 2-year Treasury was last around 5 basis points lower at 4.116%. U.S. Treasury yields were lower on Friday as investors looked ahead to the July jobs report and digested the interest rate outlook. The U.S. Labor Department's jobs report for July is slated for Friday, and will provide investors with insights into the state of the U.S. economy. The Federal Reserve earlier in the week kept rates unchanged at their latest meeting but hinted that a September rate cut was on the table, sending Treasury yields lower.

Persons: Dow, payrolls, Jerome Powell, Powell Organizations: Treasury, U.S, Labor, Federal Locations: U.S

☆ Where to hide out? Try these low-volatility, dividend payers with growth
▼ + stars: | 2024-08-02 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

McDonald's stock made the list. Despite weaker-than-expected second-quarter results , Morgan Stanley Wealth Management added McDonald's stock to its dividend equity portfolio in a Friday note, citing its attractive valuation as the company pushes to revamp its menu pricing. MCD YTD mountain McDonald's stock. EQIX YTD mountain Equinix stock. "With sentiment / expectations relatively low, we like the set-up, as we suspect EQIX can maintain constant-currency revenue guide and accelerate revenue growth in 2H'24," the analyst added.

Persons: Stocks, Morgan, Daniel Skelly, Skelly, Equinix, Wells, Eric Luebchow Organizations: Dow Jones, Nasdaq, Federal, CNBC Pro, CNBC, Stock, Morgan Stanley Wealth Management, CVS Health, 2H, L3Harris Technologies, Omnicom

☆ Daily Open: U.S. stocks fall; 10-year Treasury yield drops below 4%; Apple beats Street while Amazon falters
▼ + stars: | 2024-08-02 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks retreatU.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. The 10-year yield last traded at 3.981%, down 12.3 basis points, while the two-year yield eased to 4.156%. Looking ahead, Apple expects services to grow by about 14%. Apple CEO Tim Cook told CNBC's Steve Kovach the company has increased spending on Apple Intelligence to get it ready by fall.

Persons: Russell, Tim Cook, CNBC's Steve Kovach Organizations: New York Stock Exchange, Wall, CNBC, Dow Jones Industrial, Nasdaq, Labor Department, Institute for Supply, Treasury, U.S . Federal Reserve, Apple, Apple Intelligence, Tech, CNBC Pro Locations: New York City, Stocks

☆ Netflix's 'Unsolved Mysteries' examines the murders of Jack the Ripper. Meet four men suspected of being the notorious serial killer.
▼ + stars: | 2024-08-02 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Jon Pizer/Leather ApronAn illustration of Jon Pizer in Netflix's "Unsolved Mysteries." NetflixThe police started looking into a suspect dubbed "Leather Apron" following the death of Polly Nichols, the Ripper's first victim, on August 31, 1888. Crime historian Adam Wood explained in the Netflix series that a man called Jon Pizer was later identified as "Leather Apron." Pizer told an inquest into Chapman's death on September 12, 1888 that he used the leather apron nickname. The website states Pizer told the Press Association after his release: "They found nothing in my possession that would incriminate me, thank God.

Persons: Jon Pizer, Polly Nichols, Annie Chapman, Adam Wood, Jack, Richard Jones, Pizer, Nichols, Chapman Organizations: Netflix, Press Association Locations: Whitechapel

☆ The market sell-off spills over into a global one
▼ + stars: | 2024-08-02 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Thursday's sell-off spilled over to international markets in a big way. .N225 5D mountain Nikkei sells off The Nikkei 225 , Japan's stock market benchmark, plunged 5.8% — marking its biggest one-day loss since March 2020. The common thread behind these declines seems to be concern that a U.S. economic slowdown would hurt global growth. Elsewhere on Wall Street this morning, Wells Fargo downgraded Morgan Stanley to underweight from equal weight, citing worries around the stock's valuation. "Further, MS doesn't seem to benefit as much from a capital markets recovery as GS, but trades at a significant valuation premium."

Persons: Thursday's, Taiwan's Taiex, Dax, That's, Adam Crisafulli, Jerome Powell, Wells, Morgan Stanley, Mike Mayo Organizations: Dow Jones Industrial, Nikkei, CAC, Intel, Dow Jones, Dow, Federal Locations: U.S, Asia, Europe, That's, Thurs

☆ These stocks have fallen too much, too fast and could be due for a rebound after broad market sell-off
▼ + stars: | 2024-08-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

This week's market sell-off has pushed several stocks into oversold territory — potentially setting these names for a rebound in the future. Troubled cybersecurity stock CrowdStrike is the most oversold stock on the list with an RSI of just 13.6. Some of this week's most overbought companies include defense giant Lockheed Martin , tobacco company Philip Morris International and FirstEnergy . Of the names on the list, Lockheed Martin has the highest 14-day RSI reading of 93.7. LMT YTD mountain Lockheed Martin in 2024

Persons: Goldman Sachs, LULU, Lockheed Martin, Philip Morris Organizations: Nasdaq, Dow Jones, CNBC, Moderna, U.S, Street, Lockheed, Philip Morris International, Bank of America Locations: LSEG, Thursday's

Florida prepares for potential damage. With heavy rainfall of up to 12 inches expected over the next seven days, Florida is bracing for the threat of flooding, along with gusty winds and erosion. Just after 11 a.m. on Friday, the National Weather Service issued a tropical storm warning, meaning tropical storm conditions are expected within 36 hours, for the southwest coast of the Florida peninsula, from East Cape Sable to Bonita Beach. Other areas of the southern and western coasts of the peninsula, as well as parts of the Florida Keys, were under a tropical storm watch, forecasters said. The governor’s order covers Orange County and Osceola County, and travel could be disrupted for the throngs of summer visitors who go to Orlando and the theme parks at Universal Studios Florida and Walt Disney World.

Persons: Ron DeSantis Organizations: Florida, National Weather Service, Universal Studios Florida, Walt Disney World Locations: Florida, East, Sable, Bonita Beach, Orange County, Osceola County, Orlando

Stocks sold off Thursday, with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The 10-year Treasury yield broke below 4% for the first time since February in a sign that more investors were seeking safe-haven assets. That weak data comes a day after the Fed chose to keep rates at the highest levels in two decades. “The economic data keep rolling on in the direction of a downturn, if not recession, this morning,” said Chris Rupkey, chief economist at FWDBONDS, a financial market research company. The S&P 500 is still up about 14% for the year, coming off its eighth-positive month in the last nine in July.

Persons: Stocks, ’, Dow, Russell, Jerome Powell, ”, Chris Rupkey, JPMorgan Chase, Meta Organizations: Dow Jones, Nasdaq, Federal, Treasury, JPMorgan, Boeing, Meta, Nvidia Locations: U.S

CEO Tom Kingsbury estimated in late May that those expanded categories, including Babies R Us, are “a $2 billion-plus sales opportunity” in the coming years. On a store tour in New Jersey on Wednesday, Chief Merchandising Officer Nick Jones showed off the first Babies R Us shop. Kohl’s will put Babies R Us shops next to its existing baby apparel. Courtesy KohlsOver the past few weeks, online shoppers have also seen Babies R Us on Kohl’s website. As it relaunches Babies R Us, Kohl’s will test whether the brand has remained relevant or grown stale.

Persons: hasn’t, Tom Kingsbury, Nick Jones, Hatch, Frida, Graco, Baby Bjorn, Kohl’s, Jones, That’s, Dana Telsey, “ There’s, ”, Stephen Hinz, “, They’re, ” Hinz, Macy’s, Zola, Babylist, Kingsbury, Isaac Mizrahi, Natalie Gordon, WHP, Christie Raymond, Geoffrey, influencers Organizations: U.S, U.S . National Center for Health Statistics, Nike, Telsey Advisory, U.S . Census, Walmart, CNBC, WHP Global, WHP, WHP Holdings, Macy’s Locations: N.J, Wisconsin, New Jersey, U.S, Bath, New York City, Instagram

☆ CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
▼ + stars: | 2024-08-01 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

Rate cut on horizonThe Federal Reserve expectedly kept its benchmark rate steady at 5.25% to 5.50% on Wednesday, but Chairman Jerome Powell signaled the U.S. central bank could cut the rate in its September meeting. U.S. stocks rallyU.S. stocks jumped after Powell said a rate cut in September was "on the table." Oil gainsU.S. crude oil futures rose 4% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Japan currency interventionJapanese authorities spent 5.53 trillion yen, or $36.8 billion, to support the yen in July, official data showed. [PRO] Rate cut beneficiariesCNBC Pro screened for stocks in the S&P 500 that tend to rise the most when short-term rates start to decline.

Persons: expectedly, Jerome Powell, Powell, Ismail Haniyeh, Israel, Oil Organizations: CNBC, Nasdaq, Dow Jones, Nvidia, Devices, Boeing, Treasury, Facebook, Google, Meta, Oil, West Texas Intermediate, U.S Locations: U.S, Tehran, Iran, Israel, Beirut, Japan

☆ CNBC Daily Open: Fed signals rate cut; U.S. stocks soar; oil gains as Middle East tensions rise
▼ + stars: | 2024-08-01 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

Rate cut on horizonThe Federal Reserve expectedly kept its benchmark rate steady at 5.25% to 5.50% on Wednesday, but Chairman Jerome Powell signaled the U.S. central bank could cut the rate in its September meeting. U.S. stocks rallyU.S. stocks jumped after Powell said a rate cut in September was "on the table." Oil gainsU.S. crude oil futures rose 4% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Asian stocks mixedAsian markets were mixed on Thursday with Japan stocks tumbling while Australia's S&P/ASX 200 touched a new all-time high. [PRO] Rate cut beneficiariesCNBC Pro screened for stocks in the S&P 500 that tend to rise the most when short-term rates start to decline.

Persons: expectedly, Jerome Powell, Powell, Ismail Haniyeh, Israel, Oil Organizations: New York Stock Exchange, Wall, CNBC, Nasdaq, Dow Jones, Nvidia, Devices, Boeing, Treasury, Facebook, Google, Meta, Oil, West Texas Intermediate, Nikkei, Developers, Bank of, Singapore Airlines, U.S Locations: New York City, U.S, Tehran, Iran, Israel, Beirut, Japan, Shanghai

☆ When ICE Agents Use Deadly Force, the Shootings Go Unprosecuted.
▼ + stars: | 2024-08-01 | by ( Lila Hassan | ) www.businessinsider.com time to read: +46 min

AdvertisementYet when and how ICE agents use deadly force has long been shrouded in secrecy. ICE agents shot people in public places, such as traffic intersections and strip-mall parking lots. Yet in over half of the shootings we identified, ICE agents never made an arrest. But Ramos still became one of dozens of people on the receiving end of an ICE agent's deadly force. A significant number of the shootings documented in the logs happened while ICE agents were off-duty or in plain clothes.

Persons: Nemesia Martinez, wouldn't, Martinez, Gabino Ramos Hernandez, Ramos, Ramos wasn't, Soledad Ramos Hernandez, Ramos's, Soledad, Timothy Ivy, Donald Trump, We've, Ramos —, Chuck Wexler, haven't, Genia, Miguel Alvarez, Alvarez, Jake Driskell, Driskell, Phillip Causey, Causey, Laurel Police Department Ramos, gurney, Mario Bass, Bass, Prince William, Bryan Cox, Bradley Epley, Epley, Rueben Coray, Hector Santana, Santana, who'd, Othello Jones, Jones, Johnathan Liddell, Douglas, Ryan Leonard, Joe Biden, García Ramos, it's, they're, he'd, Leo Clemons, Doctors, Clemons, Ramos moans, wasn't, Bailey C, Martin, Prince William County, HSI, Chris Baroni, Ronaldo Gonzalez, Gonzalez, Baroni, Jerry Robinette, General, OPR, Gretta Goodwin, Robinette, doesn't, Goodwin, Tommy Cox, Donald Trump's, reining, Jennifer Chacón, Biden, Timothy Cerniglia, Cerniglia, Hernandez's, hasn't, Business Insider Ramos, He's, Loevy Organizations: Investigations, Business, Customs, Laurel, Facebook, ICE, Immigration, Homeland Security Investigations, New York City Police Department, Los Angeles Police Department, Department of Homeland Security, Police, Research, New, Immigrant Defense, DHS, Border Patrol, Laurel Police Department, Mississippi Bureau of Investigation, Nissan, Ramos, FBI, Justice Department, Denver, Phoenix, Border Protection, Maricopa County Attorney's Office, General's, Department of Justice, Force, Ohio State University Moritz College of Law, Mississippi Bureau of, MBI, Laurel Police, NBC, Sheriff's, ICE's Homeland Security Investigations, Scottsdale police, Howard Center, Investigative Journalism, Arizona State University, Attorney's, Federal Homeland Policy, Maricopa County DA, Firearms, ICE's, Homeland Security, Justice, DHS's Office, Army, Center, New American Security, Congress, Stanford Law School, Ohio State Law, Trump, White, GAO, Service, Biden's, Ohio State, Business Insider, Fund, Journalism Locations: Jackson, Laurel, Laurel , Mississippi, Woodbridge , Virginia, New York, Puebla, Mexico, Mississippi, United States, Arizona, Phoenix, Dumfries , Virginia, Nashville, Denver, arm's, Maricopa, Mesa , Arizona, Maricopa County, Lithia Springs , Georgia, Soledad, Metairie , Louisiana, Jefferson, Virginia, Scottsdale , Arizona, Scottsdale, Chula Vista , California, Washington , DC, Africa, New American, Oaxaca

☆ Jubilation Inside The Wall Street Journal After Gershkovich Is Freed
▼ + stars: | 2024-08-01 | by ( Katie Robertson | ) www.nytimes.com time to read: +1 min

Early Thursday, Ella Milman and Mikhail Gershkovich sat to eat at the Mayflower Hotel in downtown Washington before a day of celebration — a day they had been waiting to arrive for 16 months. They were joined by their daughter, Danielle, her husband, and executives from Dow Jones and The Wall Street Journal. “There were jokes and anecdotes, but there was a palpable emotional load at that table,” Almar Latour, the chief executive of Dow Jones, which publishes The Journal, said in an interview. “We’ve all worked toward this moment, and the family of course has been an inspiration throughout.”Mr. Gershkovich, 32, was arrested in March 2023 in Russia while on a reporting trip and imprisoned on charges of espionage. Mr. Gershkovich, The Journal and the U.S. government vehemently denied those accusations.

Persons: Ella Milman, Mikhail Gershkovich, Danielle, Dow Jones, Evan Gershkovich, ” Almar Latour, “, Mr, Gershkovich Organizations: Mayflower, Dow, Street Journal, White, The, U.S Locations: Washington, Russia

☆ Kohl's bets on Babies R Us as it tries to attract younger families, higher sales
▼ + stars: | 2024-08-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Kohl's plans to have 200 Babies R Us shops in its stores by the end of September. CEO Tom Kingsbury estimated in late May that those expanded categories, including Babies R Us, are "a $2 billion-plus sales opportunity" in the coming years. On a store tour in New Jersey on Wednesday, Chief Merchandising Officer Nick Jones showed off the first Babies R Us shop. Over the past few weeks, online shoppers have also seen Babies R Us on Kohl's website. Jones said Kohl's will decide whether to open Babies R Us in more stores after learning from the first 200 shops.

Persons: hasn't, Tom Kingsbury, Nick Jones, Hatch, Frida, Graco, Baby Bjorn, Kohl's, Jones, That's, Dana Telsey, There's, Stephen Hinz, They're, Hinz, Macy's, Zola, Babylist, Kingsbury Organizations: U.S, U.S . National Center for Health Statistics, Nike, Telsey Advisory, U.S . Census, Walmart, CNBC Locations: N.J, Wisconsin, New Jersey, U.S, Bath

☆ Stock futures slip after Amazon posts results, traders brace for July payrolls report: Live updates
▼ + stars: | 2024-08-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024 in New York City. U.S. stock futures slid on Thursday night as traders considered fresh results from Amazon and Intel. Dow Jones Industrial Average futures lost 143 points, or 0.4%, and Nasdaq 100 futures dropped 0.8%. Even the small-cap Russell 2000 hasn't been spared from the recent tumult, down about 3.3% in the period and on pace for its worst weekly performance since January. On the earnings front, energy giants Chevron and Exxon Mobil will be announcing their quarterly results Friday before the market open.

Persons: July's, Dow, Quincy Krosby, Arnim Holzer, Russell, " Holzer, hasn't, payrolls, Dow Jones Organizations: New York Stock Exchange, Amazon, Intel, Investors, Dow Jones Industrial, Nasdaq, Apple, LPL, EAB Investment, Chevron, Exxon Mobil Locations: New York City . U.S, Thursday's

☆ Cramer says the Fed's reluctance to cut rates contributed to Thursday's sell-off
▼ + stars: | 2024-08-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined Thursday's market action, attributing the day's brutal sell-off to the Federal Reserve's decision to hold rates steady instead of making a cut. "To me, today's terrible action in stocks was a function of the Fed not cutting rates yesterday," he said. Although Fed Chair Jerome Powell indicated a rate cut was "on the table" in September, many on Wall Street feared that would be too late. The "soft economy" is new, he added, saying last year at this time Wall Street criticized the Fed for being unable to tame inflation. "I have better things to do with my time than lambaste a Fed chief for conceivably letting the economy wither for seven more weeks," Cramer said.

Persons: CNBC's Jim Cramer, they've, Jerome Powell, Russell, Cramer, lambaste, Powell Organizations: Federal, Wall, Investors, Dow Jones, Nasdaq, Treasury, Fed

☆ It turns out that bad news for the economy may actually be bad news for the stock market
▼ + stars: | 2024-08-01 | by ( John Melloy | ) www.cnbc.com time to read: +3 min

There was a perverse view this year that bad economic news was actually good news for the stock market, as the heat coming off the economy would give the Federal Reserve the greenlight to cut interest rates. This made some sense with inflation for the first time in a while becoming the primary market bogeyman over a slowing economy. Announced layoffs last month were the highest for any July in more than two decades, outplacement firm Challenger, Gray & Christmas reported. Investors got what they thought they wanted, with the 10-year Treasury yield breaking below 4% for the first time since February. Even tech stocks found themselves in the red as they too, may be hurt more by a slowing economy, than their valuations are boosted by lower rates.

Persons: Jerome Powell, Chris Rupkey, Adam Crisafulli, Dow Jones, Yun Li, Jeff Cox Organizations: Federal Reserve, Institute for Supply Management, Investors, Dow Jones, Dow, JPMorgan Chase, Caterpillar, Vital Knowledge Locations: U.S

☆ Here's everything you need to know about Friday's big jobs report
▼ + stars: | 2024-08-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring. Still, even if the Labor Department's nonfarm payrolls report for July, to be released Friday at 8:30 a.m. "You're seeing just modest on-the-margin weakness in the labor market that [isn't likely to] spiral out of control into a negative feedback loop." Citigroup projects an even lower number — 150,000 on payrolls and a tick higher in the unemployment rate to 4.2%. Should the unemployment rate keep climbing, it could raise fears that the so-called Sahm Rule is in danger of being triggered.

Persons: Hurricane Beryl, nonfarm, Mike Reynolds, Dow Jones, Goldman Sachs, Beryl Organizations: Amerant, Hurricane, Labor, Federal, department's Bureau of Labor Statistics, Citigroup Locations: Florida, Sunrise , Florida, The U.S, department's, Texas, Houston

☆ Sha’Carri Richardson, chasing an Olympic legacy, has already made one back home
▼ + stars: | 2024-07-31 | by ( Marcus Thompson Ii | ) www.nytimes.com time to read: +13 min

On this same track, at this same school, in this same heat, Sha’Carri Richardson put in the same work. “And it’s Sha’Carri Richardson. Students practice at Carter High’s John E. Kincaide Stadium in Dallas, Texas, where Sha’Carri Richardson once plied her trade. They all know the name Sha’Carri Richardson. It’s community.”GO DEEPER Sha'Carri Richardson, with emphatic win at trials, closing in on Olympic glory(Top illustration: Dan Goldfarb / The Athletic; photo: Hannah Peters / Getty Images)

Persons: DALLAS —, David W, Willis Carrier, Kennedy Jackson, Miles, she’s, “ I’m, ”, Marcus Stokes, she’ll, “, they’re, Sha’Carri Richardson, Robert DeHorney, …, Richardson, Michael Johnson, Oak, ” Johnson, ” Sha’Carri Richardson, She’ll, Patrick Smith, Johnson, bloomer, Roy Martin, Roosevelt, Marlon Cannon, Derrick Cunningham, Cannon, Cunningham, Henry Neal, Dallas, Vance Johnson, Aliyah Johnson, —, they’ve, ” Richardson, Bowerman, Carter High’s John E, Aric Becker, Leon Hayes, Carter, Marion Jones, DeHorney, Cliff, Betty Harp, You’ve, ” Michael Johnson, Indya, ” DeHorney, “ She’s, Nasya Williams, Royaltee Brown, Christine Mallard, Kennedy, It’s Sha’Carri Richardson, Christian Petersen, She’s, ” Krystan, Bright, couldn’t, Blaze, ” Bright, Sha'Carri Richardson, Dan Goldfarb, Hannah Peters Organizations: David, Carter High School, Cedar, Hillcrest High School, Dallas, Texas, Hayward Field, U.S, Skyline High, Baylor, NCAA, Greenville High, Atlanta Games, Texas Relays, University of Texas, Indiana University, UT, LSU, Kincaide, Getty, Dallas Independent Schools, Leon Hayes Relay, Richardson, TCU, USC Locations: Jolly, Texas, loitered, Los Angeles, Paris, Dallas, North Dallas, North Texas, Eugene ,, Oak Cliff, South Oak, Carter, Cuban, Dallas , Texas, Memphis, overcomers, Cedar Hill, Sha'Carri

☆ Private payroll growth slowed to 122,000 in July, less than expected, ADP says
▼ + stars: | 2024-07-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday. Companies added just 122,000 jobs on the month, the slowest pace since January and below the upwardly revised 155,000 in June. Several sectors reported net losses on the month. The ADP report comes two days before the Labor Department's Bureau of Labor Services releases its nonfarm payrolls count, which, unlike the ADP tally, includes government jobs. The two reports can differ substantially, with ADP overshooting the BLS estimate of 136,000 for private payrolls in June.

Persons: Dow Jones, Nela Richardson Organizations: FedEx, Broadway, Companies, ADP, Federal, Labor Department's Bureau of Labor Services Locations: New York City, Midwest

☆ S&P 500 futures rise after Meta posts quarterly beat: Live updates
▼ + stars: | 2024-07-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures rose in overnight trading Wednesday as investors weighed the latest corporate earnings reports, including strong results from Meta Platforms. S&P 500 futures gained 0.4%, while Nasdaq-100 futures jumped 0.6%. Futures tied to the Dow Jones Industrial Average added 30 points, or 0.1%. In extended trading, Meta Platforms rallied 7% on stronger-than-expected second quarter results and upbeat guidance. Stocks are coming off a winning session that saw the S&P 500 rally 1.58% for its best day since February.

Persons: Jerome Powell, Powell, Chris Zaccarelli Organizations: New York Stock Exchange, Stock, Meta, Nasdaq, Dow Jones, Meta Platforms, Arm Holdings, Federal Reserve, Independent, Alliance, Nvidia, Devices, VanEck Semiconductor, Apple, Dow, Intel, Booking Holdings, Moderna

☆ CNBC Daily Open: Tech retreats; Starbucks same-store sales decline for second straight quarter
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. Net income fell to $1.05 billion from $1.14 billion a year ago, though it met analysts' expectations.

Persons: Tamas Varga, PVM, Tom Lee Organizations: New York Stock Exchange, CNBC, Big Tech, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, West Texas Intermediate, Brent Locations: New York City, U.S, China

☆ CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks' same-store sales decline
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. The South Korean tech giant said sales of high-end memory chips used in servers will continue to be strong.

Organizations: CNBC, New York Stock Exchange, New York City . Bank of Japan, U.S . Federal, Bank of, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, Bank of Japan, Nikkei, Seng, Samsung, Samsung Electronics, Revenue, South, Reading, Fed Stock, Federal Reserve Locations: New York City, Bank of Japan, U.S, China, Shanghai

☆ Drop bears: The true history of a fake Australian animal
▼ + stars: | 2024-07-30 | by ( Ben Westcott | ) edition.cnn.com time to read: +10 min

“Once prey is within view, the Drop Bear will drop as much as eight meters to pounce on top of the unsuspecting victim. When CNN Travel asked Australian film star Chris Hemsworth for advice on avoiding drop bears in 2018, he said: “Bring an umbrella.”The origins of the drop bearDespite the drop bear’s popularity and growing international reputation, its actual origins are unknown. Not every Australian grew up with stories of drop bears, but those who do remember being told about drop bears by their parents, especially people who grew up in the country or in farming communities. The Drop BearsThere is, however, one clear marker of when the mythical drop bears began to enter Australian pop culture. Tell them you’ve got to be wary or (the drop bears) will drop down and take you,” Batchelor said.

Persons: they’ll, ”, Ian Coate, “, Chris Hemsworth, Clint, Paul Hogan, Hogan, Indiana Jones, koalas, savaging Hogan, Coate, ” Coate, Chris Toms, Johnny Batchelor, ” Batchelor, Toms, you’ve, Batchelor, It’s, Bears Batchelor, thylacoleo, Australia’s Coates, Coates, isn’t Organizations: CNN, of Australia, CNN Travel, National Library of Australia, Canberra Times, TAM, Clint, US, Aussie, Bears, Google, Bundaberg, ITV Locations: Australian, “, Goannas, Australia, Zealander, Sydney, New Zealand, New South Wales, Bundaberg Rum

☆ CNBC Daily Open: U.S. stocks little changed ahead of Big Tech earnings, McDonald's misses estimates
▼ + stars: | 2024-07-30 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields slipped and U.S. oil prices fell amid increasing tensions between Israel and the Iran-backed militia Hezbollah in Lebanon. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Bond investors benefit from price appreciation in a falling interest rate environment as bond prices and yields move inversely to each other.

Persons: McDonald's, iPhones, Max, Bitcoin, Donald Trump, Trump, Gary Gensler, Janus Henderson Organizations: CNBC, Big Tech, Nasdaq, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Republican, Bitcoin Conference, Metrics, Securities, Exchange Locations: U.S, Israel, Iran, Lebanon

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