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☆ 'Plenty of reasons to worry': A former IMF official shares 5 reasons the chances of a recession are 'very high' — and warns the Fed should have cut rates already
▼ + stars: | 2024-08-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Desmond Lachman, a former IMF deputy director, says there are "plenty of reasons to worry" about the US economy in the months ahead. Another risk is the prospect of a second Trump presidency, given his proposed policies around tariffs and taxes, Lachman said. Advertisement"There are a huge number of risks," Lachman said. "The Fed could cut interest rates midmeeting but that would be because the sky was falling. But if the sky is not falling, the Fed doesn't want to give the impression that the sky is falling," Lachman said.

Persons: Desmond Lachman, Lachman —, Lachman, Trump, —, France Organizations: Service, Business, Lachman, American Enterprise Institute, AEI, Trump, EU Locations: China, Israel, Gaza, Lebanon, Palestine, Iran, France, Italy, Europe

☆ Whoever can finally coin an effective economic message could win the White House
▼ + stars: | 2024-08-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Voters keep telling pollsters that their economic insecurities are the biggest issue in the 2024 election. Former President Donald Trump will try to make a case against Kamala Harris’ role in the Biden economy on Wednesday in North Carolina. President Joe Biden dedicated his domestic agenda to restoring economic fairness and sought to revive manufacturing and repair the country’s crumbling infrastructure. As the effective incumbent in this race, Harris is vulnerable to any sudden shifts in the economic outlook. But with Trump seeking an opening to define her negatively — especially on the economy — Harris must act fast.

Persons: Donald Trump, Kamala Harris, Biden, Trump, Joe Biden, Harris, Kamala, He’s, Price, “, Biden Administration’s, ”, —, ” Harris, ” Trump, hasn’t, “ You’ve, Scott Jennings, Anderson Cooper, “ You’re, Brad Todd, CNN’s Kasie, he’s, ” Todd, Kevin McCarthy, Elon Musk, Sen, JD Vance, Harris ’, Bill Clinton, Barack Obama, Clinton, Obama, Obama –, –, — Harris, Tim Walz, She’s Organizations: CNN — Voters, Trump, Home Depot, Republican, Democratic, Biden, CNN, Fox News, Air Force, Democratic National Convention, NPR, PBS, Marist, New York Times, Siena College, Minnesota Gov, pharma Locations: North Carolina, Asheville , North Carolina, Maryland, Raleigh, Ohio, Chicago, Nevada, Phoenix, California, States, Pennsylvania, Michigan, Wisconsin

☆ Jimmy Kimmel explains why he’s not hosting the next Oscars
▼ + stars: | 2024-08-13 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Jimmy Kimmel has shared why he recently turned down a request for him to host the Academy Awards next year for a fifth time. “It’s hard and it’s a lot of work and the show suffers a little bit to be honest,” he explained, referencing “Jimmy Kimmel Live.”“When I’m focused on the Oscars, I’m less focused on the show,” Kimmel continued. It was just too much last year.”Kimmel hosted the Academy Awards in 2017, 2018, 2023 and 2024. “You wind up pushing everything off till after the Oscars, and then you have to do everything you promised to do after the Oscars, after the Oscars,” Kimmel said of the gig. They just don’t want to do it.”“They say it’s a thankless job,” Kimmel said of hosting Hollywood’s biggest night.

Persons: Jimmy Kimmel, Gavin Newsom, Marshawn Lynch, Doug Hendrickson, Kimmel, ”, I’m, ” Kimmel, “ I’m, It’s, “, John Mulaney Organizations: CNN, California, NFL

☆ How Harris is reversing Biden’s biggest weakness in the campaign
▼ + stars: | 2024-08-13 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +16 min

Trump’s plan for blunting Harris’ momentum, some Democrats believe, could reprise elements of the 1988 presidential campaign that George H.W. “I think the Harris campaign has to be prepared for it.”The two sides are already hotly contesting the terrain of strength. Celinda Lake, a Democratic pollster who conducted surveys for Biden’s 2020 campaign, said his strength deficit to Trump had become a nearly insurmountable obstacle for his 2024 campaign. The surveys have also found a huge gender gap in the assessments of whether Harris and Trump are strong. Most important, voters have reached these initial assessments of Harris’ strength before Republicans have really begun their campaign to portray her as weak.

Persons: CNN — Kamala Harris, Donald Trump, Joe Biden, –, Harris, Trump, ”, Democratic pollster Evan Roth Smith, “ Kamala Harris, …, it’s, blunting Harris, George H.W, George H.W . Bush, Lee Atwater, Michael Dukakis, Tad Devine, Dukakis, “, She’ll, ” Trump, ” Harris, Kamala Harris, Biden —, Biden, Nancy Pelosi, Nikki Haley, Marquette, “ Trump, Whit Ayres, Ayres, Harris blunts, ” Lake, “ Joe Biden, White, she’ll, MAGA, Devine, Republicans pilloried Dukakis, Willie Horton, Horton, Bush, ” Devine, ” Ayres, won’t, Roth Smith, ’, Hulk Hogan, Kid Rock, Dana White Organizations: CNN, White, Voters, Democratic, Massachusetts Gov, Trump, Fox News, Marquette Law School, Biden, Marquette Poll, CBS, New York Times, Gallup, Republican, Siena, Republicans, MAGA Inc, Politico, ”, Fighting Locations: George H.W ., Marquette, Siena, Michigan , Pennsylvania, Wisconsin, Celinda, Massachusetts, San Francisco, California, “ San Francisco

☆ China economy: Young people in China aren’t spending on romance. That’s a problem
▼ + stars: | 2024-08-13 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

“The Qixi Festival is not as robust as previous years. Couples attend a kissing contest during the traditional Qixi festival in Shenyang, northeast China's Liaoning province, on August 13, 2013. “The only part of the world where consumer confidence remains very low is China,” L’Oreal CEO Nicolas Hieronimus told analysts on an earnings call late last month. Lower-than-expected growth in the global beauty sector this year is largely a consequence of low consumer confidence in China, he added. People take photos at a bus stop decorated with flowers during Qixi Festival, or Chinese Valentine's Day, on August 22, 2023 in Chongqing, China.

Persons: China’s, Louis Vuitton, ”, forlornly, Huang Jinkun, Alfred Wu, Lee, “, Yeap Jun Rong, Xi Jinping, Peng Liyuan, Stringer, De Beers, That’s, Niulang, Nicolas Hieronimus, Joanne Wilson, didn’t, ” Mercedes, Ola Kaellenius Organizations: Hong Kong CNN, Weibo, CNN, Qixi, Lee Kuan Yew, of Public, National University of Singapore, Volkswagen, Ministry of Civil Affairs, Getty, Diamond, State Administration of Foreign Exchange, Global, WPP, China News Service, Mercedes, ” Mercedes Benz Locations: China, Hong Kong, Shenyang, Liaoning province, Beijing, China's Liaoning province, AFP, Chongqing

☆ I quit my job at Meta and traveled to Bali to find myself — but 2 months later, I moved back into my parents' house more confused than ever.
▼ + stars: | 2024-08-13 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Simone Landis, a 29-year-old from San Francisco who quit her job at Meta. In the fall of 2022, I quit my job and booked a flight to Bali in pursuit of my very own Eat, Pray, Love experience. AdvertisementMy events job at Meta was tough to transition onlineI started working at Meta in the fall of 2019 within its global security department. Related storiesI quit my job and flew to BaliI quit my job at Meta in the fall of 2022, didn't renew my lease, and booked a two-month trip to Bali. Now, I'm working more hours and taking on more responsibility and creative liberties.

Persons: —, Simone Landis, It's, I'd, Bali I, I'm, it's, Tess Martinelli, tmartinelli@businessinsider.com Organizations: Service, Meta, Business Locations: San Francisco, Bali, Bay, Meta

☆ Trump Media tumbles for a 2nd day after the former president returns to X and interviews with Elon Musk
▼ + stars: | 2024-08-13 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Shares of Trump Media dropped almost 4% Tuesday following the former president's interview with Elon Musk. Truth Social's latest earnings show the social media company is still struggling to turn a profit. AdvertisementShares of Donald Trump's media company tumbled for a second day on Tuesday after the former president returned to his firm's top rival after a three-year hiatus. In earnings released last week, Trump Media posted a $16 million loss and a decline in revenue in the most recent quarter. Trump's interview with Musk, streamed on X, lasted over two hours and attracted as many as 1.3 million listeners.

Persons: Elon Musk, —, Donald Trump's, Trump, Twitter —, Musk, Kamala Harris Organizations: Trump Media, Elon, Trump, Service, Truth, Capitol, Twitter, Republican, National Association of Black Journalists Conference Locations: Georgia, Chicago, Palm Beach , Florida

☆ Texas judge in X's lawsuit against advertisers recuses himself after report he owned Tesla stock
▼ + stars: | 2024-08-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

The judge overseeing X's lawsuit against advertisers has recused himself following a news report that showed he owned shares of Tesla . In a recusal notice dated Aug. 13, U.S. District Judge Reed O'Connor in Texas backed out of X's case against the World Federation of Advertisers, which was filed last week. X, formerly known as Twitter, is owned by Elon Musk, who is also the CEO and largest shareholder in Tesla. On Monday, NPR reported that O'Connor had owned shares of Tesla in 2022, the date of his last available disclosure, posing a potential conflict of interest. In X's lawsuit, the company accused a number of advertisers of engaging in antitrust behavior when they stopped ad campaigns on the site.

Persons: District Judge Reed O'Connor, Elon Musk, O'Connor, weren't, Ed Kinkeade, Sen, John Cornyn Organizations: Tesla, District, World Federation, Elon, NPR, Companies, Unilever, Mars, CVS Healthcare, Orsted, WFA, Global Alliance, Responsible Media, X, Media Matters, America Locations: U.S, Texas, Tesla, Europe, North Texas, China

☆ Some Walmart and Walgreens stores are locking up so much stuff that delivery workers are avoiding them
▼ + stars: | 2024-08-13 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Unlike regular shoppers, delivery workers who pick up orders at stores usually have to shop and deliver their orders on a deadline. Gig delivery workers in most states are paid for each order that they deliver. Spokespeople for Walgreens and CVS previously told BI that the chains started locking up products based on shoplifting trends at specific stores. The shopper told BI that they pressed a button on the shelf to request help from an employee, but no one showed up after several minutes. AdvertisementDo you work for Instacart, DoorDash, Uber Eats, or another gig delivery service and have a story idea to share?

Persons: —, Instacart, Uber Organizations: Service, CVS, Walmart, Business, Retailers, Walgreens, Representatives Locations: An Ohio, Ohio, The Ohio, Nevada, Idaho

☆ Tesla faces tough competition in China and slow EV adoption in the U.S., investment advisory firm says
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla faces tough competition in China and slow EV adoption in the U.S., investment advisory firm saysTesla CEO Elon Musk could be hoping to get support to "slow the advance of the competition he is facing in China," said Bill Russo, founder and CEO of Automobility, a strategy and investment advisory firm.

Persons: Elon, Bill Russo Locations: China, U.S

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

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

☆ Airbnb's ongoing battle with hotels for travelers has taken a noticeable turn
▼ + stars: | 2024-08-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, Airbnb said its struggles are tied to consumers spending less, but it's also because they're opting for hotels instead . The big storyPlenty of vacancyiStock; Rebecca Zisser/BIAirbnb took a noticeable step back in its ongoing battle with hotels. But Airbnb's struggles are also a product of travelers opting for hotels instead , writes Business Insider's Dan Latu. The death of the so-called millennial lifestyle subsidy — for which Airbnb was a key player — resulted in consumers rethinking things.

Persons: —, Airbnb, it's, let's, Rebecca Zisser, Execs, Airbnb's, Dan Latu, haven't, Jenny Chang, Rodriguez, Bloomberg it's, BI Bank of America isn't, Nicolás Ortega, Nate Silver, Chelsea Jia Feng, Alexander, Tal, Oren Alexander, Musk, Trump, Elon Musk's, Donald Trump, Ron DeSantis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Service, Apple, Business, Bloomberg, Getty, BI Bank of America, Viking, Israel, BI, Apple Intelligence, Trump, X, Florida Gov, Google Locations: Iran, New York, London

Early voting is underway for Florida’s Aug. 20 primaries, and Mucarsel-Powell and Scott face nominal competition for their party's nominations. The November elections will be a test on where Florida Democrats stand after devastating losses in the midterm elections. A focus on abortion rightsMucarsel-Powell is making abortion rights a key issue in the race. Some abortion rights advocates have pushed back on politicizing the issue. Tim Walz, are vocal supporters of abortion rights and IVF and fertility treatment access and have made the issue a campaign priority.

Persons: Debbie Mucarsel, Powell, Mucarsel, Sen, Rick Scott, that’s, Scott, ”, Elia, Dimitris Harvalis, Carmen Sesin, Carlos Gimenez, Giffords, Gabrielle Giffords, Democrat Catherine Cortez Masto, Eduardo Gamarra, Gamarra, Bill Nelson, GovTrack, Scott’s, Nancy Pelosi, Ilhan Omar, Will Hampson, Hillsborough Community College Dale, Thomas Simonetti, Joe Biden’s, Donald Trump, Kamala Harris, Joe Biden, Ron DeSantis, Republican Sen, Marco Rubio, “, It’s, “ It’s, That’s, Tim Walz, Harris, it’s Organizations: U.S, Senate, Republican, America, Public, University of North, Florida’s, NBC, Ecuadorian, Rep, Latina, U.S . Senate, Democrat, Florida International University, Republicans, Democratic, Hillsborough Community College, Hillsborough Community College Dale Mabry, Bloomberg, Getty, Democrats, Florida Democrats, Gov, Miami, Dade, ”, Minnesota Gov, FIU Locations: Fla, Florida, Mucarsel, University of North Florida, Miami, Dade, Ecuadorian American, American, Ecuador, Nevada, Tampa, Venezuela, Cuba, Latin America, Dade County, North Carolina, Virginia

☆ These Pennsylvania voters illustrate Harris’ suburban challenge
▼ + stars: | 2024-08-12 | by ( John King | ) edition.cnn.com time to read: +11 min

“A ‘Never Trump’ Republican,” Carty said. “When Biden was on the ticket, I was going to vote for Trump,” Carty said. “Definitely I have more friends saying they’re leaning toward Harris,” Carty said. “My street was rock-ribbed Republican,” Sabatini said in an interview at her home in Media, Pennsylvania. And I don’t plan to vote for him in 2024.”The question is, will she vote for Harris or cast another write-in ballot?

Persons: Bala, Pennsylvania CNN — Carol Carty, Ronald, Reagan, ” Carty, “, Donald Trump, –, it’s, Hillary Clinton, Joe Biden, Trump, Carty, Biden, …, Kamala Harris, Nikki Haley, Harris ’ ascendance, Carol Carty, CNN “, Carty isn’t, Harris, Ohio Sen, JD Vance, Vance, Walz, “ I’m, ”, she’s, Harris ’, Tim Walz, ‘, Harris Cynthia Sabatini, ” Sabatini, George H.W, Bush, Sabatini, Susan Collins of, ” Biden, Harris “, … There’s, ” Joan London, Haley, London, “ I’ve, Condoleezza Rice, Ann Coulter, Elizabeth Dole, Michael Pesce, ” Pesce, It’s, Pesce, John King, ” Harris Organizations: Pennsylvania CNN, today’s Republican Party, Republican Party, Republican, Democratic, GOP, Trump ’ Republican, Trump, CNN, South Carolina Gov, Reagan Republicans, Republicans, Minnesota Gov, ”, Pennsylvania, White, Democratic Party, Bucks County . CNN Locations: Bala Cynwyd, Pennsylvania, Philadelphia, Montgomery County, Bala, Harris . Pennsylvania, Shore of Maryland, Delaware County, Media , Pennsylvania, Susan Collins of Maine, London, Berks County, Republican County, Newtown, Bucks County, Bucks County .

☆ I hiked a mountain in the Andes to celebrate my 40th birthday. The hallucinations and violent vomiting that followed had not been part of the plan.
▼ + stars: | 2024-08-12 | by ( Elizabeth Lavis | ) www.businessinsider.com time to read: +6 min

I got altitude psychosis a few hundred meters from high camp as I scaled the frigid face of Huayna Potosi, the ninth-highest mountain in the Bolivian Andes. The geodesic dome was surrounded by snow at Huayna Potosi High Camp. Elizabeth LavisThanks to my excellent guide, I made it to high camp and spent the night in an orange geodesic dome perched on Potosi's precarious eastern side. He rapidly identified the seriousness of the situation, carried my day pack the rest of the way, and helped me ascend slowly to high camp. While I was fairly fit and prepared to climb Huayna Potosi, I didn't consider the mental or extreme physical toll the mountain would take.

Persons: —, hallucinating, crampons skidding, Elizabeth Lavis, I've, it's Organizations: Service, Business, Bolivia's La, El, Huayna, Psychiatry Locations: Huayna Potosi, Bolivian, Caucasus, Potosi, Bolivia's, Bolivia's La Paz, El Alto, Lake Titicaca, Peru, Bolivia, Camp, Svaneti , Georgia

☆ It Was a Hot Real Estate Trade. Now Investors Are Worried.
▼ + stars: | 2024-08-12 | by ( Maureen Farrell | ) www.nytimes.com time to read: +1 min

Given the opportunity to park money with the world’s largest private equity firms, ordinary investors rushed in. The private equity firms began to seek out smaller investors almost a decade ago. It was a major shift for firms like Blackstone, Starwood Capital Group and KKR that had previously been funded by enormous pensions, endowments and sovereign wealth funds. But it was also a way for the big fund managers to grow their assets and rake in ever larger fees. The private equity firms had an allure, created by stellar track records, including during the 2008 financial crisis, and the fact that they had been off limits to ordinary (although wealthy) investors.

Persons: Wall Organizations: Blackstone, Starwood Capital Group, KKR

☆ The startup landscape for deals is drastically changing
▼ + stars: | 2024-08-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how the startup landscape is drastically changing thanks to the entrance of private-equity firms and the rise of acquihires . Private equity is filling the gap left by a frozen IPO market and corporates unwilling or unable to cut deals, writes Business Insider's Melia Russell. Perhaps most importantly, a PE deal means equity holders get cash immediately, unlike an IPO that has some holding periods. Acquihires where the brains behind buzzy AI startups sell themselves (instead of the entire company) to bigger players are in vogue, writes BI's Ben Bergman and Sri Muppidi. Depreciation costs to massive GPU chip investments pose a huge risk for AI companies .

Persons: —, You've, Alyssa Powell, Insider's Melia Russell, shivers, Samantha Lee, BI's Ben Bergman, Sri, acquihires, they'll, VCs, it's, Taylor Swift, Tyler Le, Fisker, Zuck, Elon Musk's, Mark Zuckerberg, Jenny Chang, Rodriguez, Biden, Donald Trump, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, SV Getty, Tech, guardrails, Character.AI, Getty, UBS, Mega, Revenue Locations: Europe, New York, London

☆ Kamala Harris is going on the offensive on border security. It could keep Arizona blue and cut off Trump's path to victory.
▼ + stars: | 2024-08-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Read previewLast Friday, Vice President Kamala Harris and her running mate, Minnesota Gov. AdvertisementTrump can't take Arizona for grantedBefore Biden won Arizona in 2020, it last voted for a Democratic presidential nominee in 1996. AdvertisementHowever, for Trump, a Harris win in Arizona would be a huge blow in his attempts to win a second term. Biden's 2020 victories in Arizona, Georgia, and Nevada — as well as his wins in Michigan, Pennsylvania, and Wisconsin — effectively cut off Trump's path to victory that year. Should Harris neutralize the border security issue — a feat that seemed unimaginable when Biden was still the presumptive nominee — it'll give her a major opening to win Arizona.

Persons: —, Kamala Harris, Tim Walz, It's, Donald Trump, Joe Biden's, Harris, Trump, it's, Greg Abbott —, Biden, scrambles, Biden's, Democrat Mark Kelly, Katie Hobbs, Donald Trump's, Mario Tama, — it'll Organizations: Service, Minnesota Gov, Democratic, State, Business, Trump, Arizona, Republican, Texas GOP Gov, Biden, Republicans, Central America, Democrat, White House, GOP, — Locations: Glendale , Arizona, Phoenix, Mexico, New York, Chicago, California, Central, Arizona, Nevada, Georgia, Arizona's, Arizona , Georgia, Michigan , Pennsylvania, Wisconsin

☆ Democrats in competitive House races want Harris’ momentum without running toward her
▼ + stars: | 2024-08-12 | by ( Annie Grayer | ) edition.cnn.com time to read: +12 min

In conversations with nearly a dozen Democratic lawmakers and candidates running in competitive races across the country, a common theme emerged. Tim Walz, Democrats have felt a tangible bump of energy in their districts, through spikes in volunteers, donations and event turnout. Rep. Chris Deluzio, who supports Harris, told CNN he was glad to see that she has moved away from her previous position on fracking. The Republican campaign arm has seized on some of her past positions from his first presidential run, including fracking, as they’ve attempted to develop a strategy to target Democrats in tough races. Brendan Smialowski/AFP/Getty ImagesWalz serves ‘meat-and-potatoes’ politicsIn selecting Walz, the Harris campaign provided many down ballot Democrats running in competitive races with a welcomed partner.

Persons: Susie Lee of, Lee, Kamala Harris, ” Lee, Harris, “, Tim Walz, Kirsten Engel, Caitlin O'Hara, ” Engel, Trump, Biden, ”, Joe Biden, Chris Deluzio, “ I’m, hasn’t, Rudy Salas, David Valadao, Irfan Khan, Will Rollins, Ken Calvert of, Rollins, Harris ’, ” Rollins, “ It’s, Brendan Smialowski, Getty Images Walz, Walz, Ann Kuster, ” Kuster, Tim, Vicente Gonzalez, Donald Trump’s, Ohio Sen, JD Vance, Biden’s, Jahana Hayes, Hayes, Sue Altman, Thomas Kean Jr, ” Altman, wasn’t, Rosa Parks, Martin Luther King Jr, “ We’ve Organizations: CNN — Democratic, Democratic, CNN, Representatives, Nevada Democrat, Minnesota Gov, Bloomberg, Getty, Republican, Democrat, Republican US, Los Angeles Times, GOP, Getty Images, Minnesota, Republicans, ”, Vicente Gonzalez of Texas, Ohio, Army National Guard, Democratic Rep, Trump, Democratic House Locations: Susie Lee of Nevada, Nevada, Arizona, Phoenix , Arizona, Lee, Mexico, Pennsylvania, Bakersfield , California, Harris, California, Salinas, Ken Calvert of California, University's, Philadelphia , Pennsylvania, AFP, ‘, New Hampshire, Vicente Gonzalez of, Iraq, Jahana Hayes of Connecticut, New Jersey, Alabama, Montgomery

☆ Sunnova CEO on growth strategy, demand for solar and election impact
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSunnova CEO on growth strategy, demand for solar and election impactJohn Berger, Sunnova CEO, joins 'Money Movers' to discuss what the bankruptcy of a competitor means for Sunnova's business, why it's been so tough for the solar business, and what could be bad for business.

Persons: John Berger, it's

☆ An M&A expert says creator-economy companies need to look beyond influencers to grow
▼ + stars: | 2024-08-12 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +6 min

Instead, look at companies that sell tools for content creation that service a wider swath of users, Lambros told Business Insider. BI spoke to Lambros about the state of the creator economy and the firm's recent report on the industry. The creator economy needs to crack B2BCompanies should not rely on influencers to make it big. Publicly traded companies within the creator economy include Shopify, Eventbrite, Roblox, and Reddit. Private-equity firms, an increasingly common buyer in the startup space, still have some learning to do about the creator economy, he said.

Persons: —, John Lambros, Houlihan Lokey, They're, Lambros, upstarts, it's, Permira, That's Organizations: Service, Business, Fortune, Avid, Networks, Publicly, YouTube Locations: Lambros

☆ The 2024 campaign will now turn on whether Trump can blunt Harris’ soaring start
▼ + stars: | 2024-08-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump’s campaign, which has whiffed in its early attacks on Kamala Harris’ new presidential campaign, will grapple this week for a more effective foothold after the vice president transformed an election of stunning surprises. On Sunday, for instance, he spread a new false conspiracy theory over the size of Harris’ rally crowd in Michigan last week. Trump’s campaign was also forced on Saturday to deny a report in The New York Times that he’d privately referred to Harris as a “b*tch” as he bemoaned her momentum. Therefore, a debate expected between Trump and Harris on ABC on September 10 looms as a pivotal new moment in the campaign. But as Trump has shown in recent days, he still hasn’t worked out a way to respond to the suddenly changed circumstances of the campaign.

Persons: Donald Trump’s, Kamala Harris ’, Harris, he’d, bullish, Tim Walz, Joe Biden, “, Biden, Trump, Biden administration’s, —, Harris ’, Elon Musk, Walz, ”, “ It’s, ” Trump, Sen, JD Vance, Vance, CNN’s Dana, ” Vance, Kamala Harris, Vance wriggled, Trump’s, Nick Fuentes, Usha, Fuentes, Donald Trump …, “ misspoke, there’s, she’s, hasn’t Organizations: CNN, The New York Times, Republican, bullish Republicans, Minnesota Gov, Trump, New York Times, Siena College, Democratic, San, Ohio Republican, GOP, Army National Guard, Congress, Union, CBS, Court, White, Minnesota, ABC, Fox Locations: Michigan, Montana, The, Siena, Wisconsin , Michigan, Pennsylvania, Chicago, North Carolina, San Francisco, Ohio, Iraq, “ State, “, America, Russia, China

☆ Two lonely 25-year-olds met on Bumble BFF. Seven weeks later they're living together as 'platonic soulmates' who share a bed.
▼ + stars: | 2024-08-12 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

Read previewImogen Clarke and Estella Kyriacou share a bed, cook together every night, and can't spend five minutes apart, even after an argument. You'd be forgiven for thinking they've been in a relationship for years, but really, they're best friends who met five months ago. The 25-year-olds matched on Bumble BFF, a version of the dating app designed for people who want to find mates instead of dates. Until she met Kyriacou, Clarke said she had accepted that maybe she'd always feel a bit lonely in London. Clarke and Kyriacou met on Bumble BFF.

Persons: —, Imogen Clarke, Estella Kyriacou, You'd, they've, they're, Bumble, Clarke, Kyriacou, Clarke weren't, Vivek Murthy, Bumble BFF, " Clarke, Estella, we'd, it's, we've, Clarke's Organizations: Service, Business Locations: London, Toronto, Estella, Clarke's

President Joe Biden had banked on June’s presidential debate turning around a race that was slipping away from him. Now, Donald Trump may be laying a similar bet after reversing himself by agreeing to debate on ABC next month as his new Democratic opponent enjoys surging momentum. Tim Walz, Trump suddenly looks like old news — a crushing new experience for an ex-president who prides himself on driving the narrative. The clash also looms as an extreme test for Harris. The vice president has a mixed record in debates — she performed strongly in such events early in her failed 2020 presidential campaign.

Persons: Joe Biden, Donald Trump, Trump, Kamala Harris, Harris, Tim Walz, Biden, “ She’s, I’m, ” Trump, she’s Organizations: ABC, Democratic, NBC, Fox, Minnesota Gov, South Locations: Lago

☆ Team USA holds off France for the women’s basketball gold in a game that was decided by inches
▼ + stars: | 2024-08-11 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +6 min

Paris CNN —Team USA’s women’s basketball team only just held off France to win the gold medal on Sunday, escaping with a 67-66 win that was just inches away from being sent into overtime. Team USA takes home its eighth straight gold medal in Olympic women’s basketball. But the stars on Team USA fought back to level the game heading into halftime. But when Team USA wanted to get going, it could. The French fans celebrated – but then the Team USA bench began to jump and hug.

Persons: USA’s, France’s, Gabby Williams, Williams, Emmanuel Macron, Kelsey Plum, A’ja Wilson, Plum, Wilson, USA’s sloppiness, Breanna Stewart, Fauthoux, Johannes, Cooper Organizations: Paris CNN —, Team USA, Bercy Arena, USA, France, Las Vegas Aces, WNBA Locations: France, USA, Barcelona

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