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☆ SpaceX repeatedly polluted waters in Texas this year, regulators found
▼ + stars: | 2024-08-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

"In total, the Harlingen region received 14 complaints alleging environmental impacts from the Facility's deluge system," the regulator said in the document. Water deluge systems with flame deflectors diffuse heat, sound and energy generated by orbital test flights and rocket launches. SpaceX ran its first full-pressure test of the water deluge system in July 2023. The company hit new milestones with the test flight and Musk appeared triumphant. NASA chief Bill Nelson congratulated SpaceX on "a successful test flight!"

Persons: SpaceX's, TCEQ, Elon Musk's, Musk, Bill Nelson, SpaceX, Eric Roesch, Roesch Organizations: Boca, Aerospace, SpaceX, Federal Aviation Administration, CNBC, Texas Commission, Environmental, Environmental Protection Agency, Elon Musk's SpaceX, Boca Chica, FAA, EPA, NASA Locations: Brownsville , Texas, U.S, Boca Chica, Harlingen, South Texas, Starbase, Texas, Mars

☆ China moon samples reveal water molecules in groundbreaking discovery, scientists say
▼ + stars: | 2024-08-05 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

NASA and Indian spacecraft have spotted what they believe to be water on the moon’s surface, and Chinese scientists last year found water trapped in glass beads strewn across the moon. But people didn’t always know there was water on the moon, though scientists theorized about its existence for hundreds of years. “I think it has lots of potential, this new finding that we can extract molecular water directly from lunar soils,” Qian said. After the latest study, many Weibo users raised the possibility of growing plants or crops on the moon using the molecular water found in soil. “We can’t work behind closed doors – it would be best to attract all of their scientists to China,” one wrote.

Persons: China’s Chang’e, ”, David A, Ren Junchuan, Yuqi Qian, didn’t, NASA’s, Luna, Qian, ” Qian, “, Xi Jinping’s, it’s, ” Kring, hasn’t, Bill Nelson, Weibo Organizations: Hong Kong CNN, NASA, Indian, Planetary Institute, University of Hong, China National Space Administration, Xinhua, CNN, “, International Space, Weibo Locations: China, Hong Kong, ULM, Texas, Xinhua, University of Hong Kong, Soviet, SOFIA, United States

☆ I quit corporate and turned my side hustle into a 6-figure dream career — here's how
▼ + stars: | 2024-08-05 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

When I took my side hustle full-time, I started making around $125,000 more than my last salary. AdvertisementI started music as a side hustle in March 2019I've played the piano for 21 years and the alto saxophone for 18. I was fortunate to still have a paycheck and work from home when most full-time event industry professionals were shut down completely. AdvertisementA surge of events started in 2021, and I knew I made the right decision to leave the 9-5 world the previous October. If I had let a few hundred dollars a month of health insurance hold me back from quitting my full-time job, I would never have had all these incredible experiences.

Persons: —, Jason Nelson, It's, I've, Nelson, Teresa Guidice, Luis Ruelas, Teresa Giudice, it's Organizations: Service, Business, DJ, Fox, New York Jets, Real Housewives of, Bravo Locations: Hoboken , New Jersey, Puerto Rico, St, Maarten, Aruba, Dubai, Jersey

We've compiled everything you need to know about how to watch Crawford vs. Madrimov, including PPV prices around the world. Crawford vs. Madrimov is just the title event in an already stacked night that also includes a performance from Eminem. How to watch Crawford vs. Madrimov in the US & CanadaThe Crawford vs. Madrimov showdown will live stream through DAZN in the US and Canada. ET, but the Crawford vs. Madrimov ring walk won't begin until later in the evening, at around 11:30 p.m. Check price at DAZNHow to watch Crawford vs. Madrimov in the UKCrawford vs. Madrimov will also live stream on DAZN in the UK.

Persons: Terence Crawford, Israil Madrimov, Crawford, American Crawford, Madrimov, Eminem, it's, we've, It's, ExpressVPN, Andy Ruiz, Jarrell Miller, Jared Anderson, Martin Bakole, Isaac Cruz, Jose Valenzuela, David Morrell, Radivoje, Andy Cruz, Antonio Moran, Steve Nelson, Marcos Ramon Vazquez, Ziyad Almaayouf, Michal Bulk Organizations: Business, WBA, BMO, & Canada Locations: American, Uzbekistan, KOs, Los Angeles, Riyadh, Canada, Crawford

☆ Chevron says it’s moving its headquarters from the Bay Area to Houston
▼ + stars: | 2024-08-02 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —Chevron is moving its headquarters out of California, the company announced Friday. The oil giant said it would be relocating its corporate offices from San Ramon, where they have been since 2002, to Houston. This will be the first time Chevron will be headquartered outside of California since its founding more than a century ago. Chevron chairman and CEO Mike Wirth and vice chairman Mark Nelson will move to Houston by the end of 2024, while other corporate operations will slowly relocate over the next five years. Chevron’s exodus from the Bay Area comes on the heels of Elon Musk’s announcement last month that SpaceX and X, formerly known as Twitter, would be relocating to Texas, as well.

Persons: Mike Wirth, Mark Nelson, Elon Musk’s, Musk, Gavin Newsom, ” Musk, ” Organizations: New, New York CNN, Chevron, San, SpaceX, Twitter, CNN Locations: New York, California, San Ramon, Houston, Chevron, Bay, Texas, Hawthorne , California, Starbase , Texas, Austin , Texas

☆ Harris’ economic stance in spotlight as jobs data stirs concerns
▼ + stars: | 2024-08-02 | by ( Kayla Tausche | ) edition.cnn.com time to read: +8 min

The data also points a spotlight on the economic platform of Vice President Kamala Harris, who is poised to accept the Democratic presidential nomination this month amid signs of a slowing economy. But her economic views are less defined, maintaining broad references to strengthening the middle class, even as her record investigating Wall Street and her farther-left 2019 primary campaign platform have executives and investors on edge. According to those close to Harris, advisers and administration officials, Harris’ economic views were described as “pragmatic,” “centrist,” and even “pro-business,” with a goal of leveraging private-sector friendships for better outcomes at the ground level. Personnel as policyHarris has two staffers who manage economic and domestic policy issues, and she was briefed by staff on the most recent jobs data. “He is as close to Harris and the second gentleman as almost anyone in the administration,” said an official close to Harris.

Persons: Harris, Kamala Harris, ”, Mike Pyle, Don Graves, David Turk, Wally Adeyemo, Janet Yellen, Pyle, Brian Deese, Rohini Kosoglu –, Brian Nelson, Nelson’s, Nelson, “ That’s, Jason Furman, Barack Obama, Rohit Chopra, Massachusetts Sen, Elizabeth Warren, Biden, Vermont Sen, Bernie Sanders, –, “, she’s, Tom Vilsack, Vilsack, Ray McGuire, Lazard, Blair Effron, Jamie Dimon, “ She’s, Lina Khan, Harris “, Lina Organizations: CNN, Biden, Federal Reserve, Democratic, National Security Council, National Economic Council, ”, Commerce, Energy, Consumer Financial, Bureau, Vermont, Democratic Party, White, Commerce Department, Department of Agriculture, Wall Street, Centerview Partners, JPMorgan Chase, Naval Observatory, Meta, Target, Citigroup, eBay, Federal Trade Commission Locations: Massachusetts, Columbus , Ohio, Syracuse , New York, Georgia, Central America, Columbia, California

☆ Bank of England Cuts Interest Rates for First Time Since 2020
▼ + stars: | 2024-08-01 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: 1 min

The Bank of England decided, by a slim margin among its policymakers, to cut interest rates on Thursday for the first time in more than four years amid slower inflation. Britain’s central bank lowered rates by a quarter of a percentage point to 5 percent, the first rate cut since March 2020, when the coronavirus pandemic shut down large parts of the economy. The rate cut brings an end to the most aggressive efforts of the central bank to stamp out high inflation, which reached double-digits less than two years ago. For the past year, interest rates were held at 5.25 percent, the highest level since 2008. But policymakers warned that interest rates would be lowered slowly, which would keep the policy stance restrictive for awhile.

Organizations: of England

I want to retire early, so I asked a financial planner what mistakes I should watch out for. In an effort to get on track, I chatted with certified public accountant and certified financial planner Ryan Nelson about the most common mistakes people make when they attempt to retire early. He advised people to proactively calculate the cost of health insurance during early retirement before reaching Medicare age, which is currently 65. "Look into private marketplace options, whether individual health insurance plans, health sharing ministries, or short-term health insurance plans to see how much these could cost." Not maximizing health savings account contributionsFor those planning to retire early, Nelson also recommend that they maximize their health savings account contributions.

Persons: —, Ryan Nelson, Nelson, Roth, I've Organizations: Service, Roth IRA, IRA

☆ Marquesas Islands: South Pacific archipelago is now a UNESCO site
▼ + stars: | 2024-07-31 | by ( Lilit Marcus | ) edition.cnn.com time to read: +3 min

CNN —The Marquesas are a beautiful, remote stretch of islands in the South Pacific. And, as of last weekend, they are also a UNESCO World Heritage site. According to data from the Institute of Statistics for French Polynesia (ISFP), 10,995 tourists visited the Marquesas in 2023. The Marquesas’ tourism industry is also managed out of Tahiti. Marquesan wood carving, dance and music form part of the islands’ heritage.

Persons: Nelson Mandela, Henua, Bora, Tahiti –, Hiva, Jean, Marc Mocellin, Painter Paul Gaugin, Jacques Brel Organizations: CNN, UNESCO, CNN Travel, Institute of Statistics, French, Fa’a’ā Locations: South, South Africa, Malaysia, Kenya, Hawaii, Fiji, Polynesia, Bora Bora, Tahiti, French Polynesia, Marquesas, France, China, Canada, Germany, Papeete, Belgian, Hiva Oa

☆ Vice presidents: What this election proves about the importance of running mates
▼ + stars: | 2024-07-30 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —One major lesson from Vice President Kamala Harris’ sudden ascension to be the presumptive Democratic presidential nominee is that running mates matter. It’s a point not lost on some Republicans who are second-guessing Trump’s selection of Vance and Democrats who are anticipating Harris’ pick any day. Harris’ pick could come within days, according to CNN’s MJ Lee and Jeff Zeleny, who write that the pool of candidates has shrunk by one. Biden went on to pick Harris, the first woman of color to be on a national party’s presidential ticket. In 2016, Trump picked then-Indiana Gov.

Persons: Kamala Harris ’, Donald Trump, Sen, JD Vance, Harris, Joe Biden, It’s, Vance, “, Trump, CNN’s Edward, Isaac Dovere, –, Read, MAGA, Sofia Nelson, Vance’s, Vance's, SSRS, CNN’s KFile, ” Trump, Biden, CNN’s MJ Lee, Jeff Zeleny, Roy Cooper, Arizona Sen, Mark Kelly, Gabby Giffords, Josh Shapiro, Pete Buttigieg, CNN’s Piper Hudspeth Blackburn, Karl de Vries, Eric Bradner, Barack Obama, John McCain, Sarah Palin, Mitt Romney, Paul Ryan, Romney’s, Mike Pence Organizations: CNN, Democratic, Oval, Trump, Republican National Convention, Republicans, GOP, Yale Law School, Fox News, The Washington Post, North Carolina Gov, Arizona, House . Pennsylvania, Transportation, Republican, Alaska Gov, Indiana Gov Locations: Ohio, Detroit, “, – Michigan, Wisconsin, Pennsylvania, Scranton , Pennsylvania

☆ Cowboy historian rates 13 Wild West scenes in movies and TV
▼ + stars: | 2024-07-30 | by ( Margaret Guzman | Korey Isbell | ) www.businessinsider.com time to read: +2 min

Cowboy and Old West historian Michael Grauer rates 13 Wild West scenes in movies and television for realism. Grauer is a public historian focusing on cowboy history and Western American culture. He is the McCasland Chair of Cowboy Culture and Curator of Cowboy Collections and Western Art for the National Cowboy and Western Heritage Museum. He also does a living history cowboy presentation called "Cowboy Mike." You can learn more about the National Cowboy & Western Heritage Museum here.

Persons: Michael Grauer, gunslingers, Clint Eastwood, Buster Scruggs, Tim Blake Nelson, James Franco, Liam Neeson, Denzel Washington, Ethan Hawke, Chris Pratt, Django, Jamie Foxx, Leonardo DiCaprio, Christoph Waltz, Jeff Bridges, Matt Damon, Hailee, Grauer, John Wayne, Kevin Costner, Rufus Buck, Lakeith Stanfield, Regina King, Idris Elba, Charles Goodnight, Tim McGraw, Wyatt Earp, Doc Holliday, Val Kilmer, Sam Elliott, Mike Organizations: Old, Gold, Business, Confederate, Cowboys, Cowboy Culture, Collections, Western Art, National Cowboy, Western Heritage Museum, Western Heritage Locations: Old West, Tombstone

☆ Britain’s Labour Government Says It Inherited a $28 Billion Budget Hole
▼ + stars: | 2024-07-29 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

Britain’s Labour government said it was making “difficult decisions” concerning the budget, including cutting some road and rail projects and pension benefits, after accusing its predecessor, the Conservative Party, of leaving the country’s finances in a mess. Rachel Reeves, the chancellor of the Exchequer, said on Monday that there was a hole of 22 billion pounds (about $28 billion) in the country’s coffers this year because spending needs had exceeded expected revenue. Ms. Reeves accused the Conservative Party of making spending commitments on plans such as road repairs and building new hospitals “knowing the money wasn’t there.” Some of those plans would scrapped or reviewed. “The scale of this overspend is not sustainable,” Ms. Reeves told lawmakers in Parliament. She will present a full budget to lawmakers at the end of October.

Persons: Rachel Reeves, Reeves, Ms Organizations: Labour, Conservative Party Locations: Rwanda

☆ JD Vance once said he hates the police and that Trump is a 'morally reprehensible human being,' emails show
▼ + stars: | 2024-07-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

The emails show Vance, who had yet to embark on his run for the Senate, writing to his classmate Sofia Nelson, a Detroit-based public defender. In them, Vance denounced the GOP's embrace of Trump, calling the former president a "morally reprehensible human being," and expressed disappointment with law enforcement after the killing of Michael Brown, a Black 18-year-old, in 2014. AdvertisementIn 2015, Vance wrote that he was "obviously outraged at Trump's rhetoric," comparing him to a demagogue "willing to exploit the people who believe crazy shit." He also wrote in 2016 that "the more white people feel like voting for trump, the more black people will suffer. In a text message to a different former Yale classmate in 2016, Vance wondered if Trump could be "America's Hitler."

Persons: —, JD Vance, Donald Trump, Vance, Sofia Nelson, Nelson, Michael Brown, I've, Luke Schroeder, Trump, Schroeder, Sofia, Trumper, MAGA, Kamala Harris, Trump's, Harris, JD Organizations: Service, Yale University, The New York Times, Senate, Times, Business, Trump, New York Times, Yale, Fox News Locations: Ohio, Detroit, Arkansas

☆ I got my master's degree and have 5 freelance gigs, but I still can't make ends meet. I rely on my parents for financial support.
▼ + stars: | 2024-07-27 | by ( Averee Nelson | ) www.businessinsider.com time to read: +4 min

But I was shocked when I was met with judgment for still being on my dad's phone plan. Each sales associate jokingly asked if I was on my family's phone plan, and I sheepishly admitted I was. So, they're happy to help me by letting me stay on the family phone plan and sharing their streaming services with me. Related storiesMany of my friends moved back in with their parents after college to save money, and I've debated doing the same thing. I'm grateful that my family is so supportive, and just knowing that makes me work harder to meet my goals.

Persons: I've, sheepishly, we'd, It's, I'm, it's Organizations: Service, Columbia Journalism School, Pew Research Locations: New York, Manhattan

☆ JD Vance, an Unlikely Friendship and Why It Ended
▼ + stars: | 2024-07-27 | by ( Stephanie Saul | ) www.nytimes.com time to read: +1 min

When his book, “Hillbilly Elegy,” was published in 2016, JD Vance sent an email apologizing to a close friend from his Yale Law School days. The friend identified as transgender, but Mr. Vance referred to them in the book as a lesbian. “Hey Sofes, here’s an excerpt from my book,” Mr. Vance wrote to his friend, Sofia Nelson. “I hope you’re not offended, but if you are, I’m sorry! Love you, JD.”Nelson wrote back the same day, calling Mr. Vance “buddy” and thanking him for “being sweet,” adding, “If you had written gender queer radical pragmatist, nobody would know what you mean.” Nelson asked for an autographed copy, then signed off with, “Love, Sofia.”

Persons: ”, JD Vance, Vance, ” Mr, Sofia Nelson, “, ’ ”, you’re, JD, ” Nelson, Vance “ Organizations: Yale Law Locations: Sofia

☆ 5 Excerpts From JD Vance’s Emails to a Transgender Classmate
▼ + stars: | 2024-07-27 | by ( The New York Times | ) www.nytimes.com time to read: +1 min

As Senator JD Vance seeks the vice presidency, a former Yale Law School classmate and friend has shared about 90 of their emails and text messages, mostly from 2014 through 2017, with The New York Times. The emails add to an existing body of evidence showing how Mr. Vance pivoted from a strong opponent of former President Donald J. Trump to his running mate. They also provide an insight into a cultural willingness by Mr. Vance to accept his classmate, Sofia Nelson, who is transgender. Now, Nelson, who opposes the Trump-Vance ticket, hopes the emails will inform the opinion of voters about Mr. Vance. In response, a spokesman for the Vance campaign said in a statement that it was “unfortunate” for someone to share “decade-old private conversations between friends.”

Persons: JD Vance, Vance, Donald J, Trump, Sofia Nelson, Nelson, ” Organizations: Yale Law School, The New York Times, Trump Locations: Detroit, Arkansas

☆ Activist Trian has a few levers to pull to build shareholder value at Solventum
▼ + stars: | 2024-07-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: Solventum , formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1 . As a standalone company, Solventum has been under-covered and misunderstood by the market. There is also no shortage of examples of Trian being a valuable corporate governance-oriented investor and creating tremendous shareholder value from the board level. While Trian has a history of being an active shareholder, the firm has also created tremendous shareholder value as an engaged director. Moreover, if there is an opportunity to divest one or more businesses, shareholders would have comfort with a financially astute shareholder representative on the board to evaluate competing offers to assure the maximization of shareholder value.

Persons: Trian, Nelson Peltz, Peltz, Solventum, Pepper, Ingersoll Rand's, Russell, Ken Squire Organizations: Health, 3M, What's, Bloomberg, Dental Solutions, Information Systems, Electric plc, Kraft Foods, Dow, General Electric, GE, GE HealthCare, GE HealthCare Technologies, 13D Locations: Solventum

☆ NASA Perseverance rover’s rock find may show microbial life existed on Mars
▼ + stars: | 2024-07-26 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —The NASA Perseverance rover may have found a pivotal clue that’s central to its mission on Mars: geological evidence that could suggest life existed on the red planet billions of years ago. “These spots are a big surprise,” said David Flannery, member of the NASA Perseverance science team and an astrobiologist at the Queensland University of Technology in Australia, in a statement. But the arrowhead-shaped specimen could help the Perseverance team unlock whether Mars was once a planet hospitable to life. Perseverance rover captured a 360-degree panorama of a region on Mars called “Bright Angel,” where a river flowed billions of years ago. Exploring Mars’ pastSince landing on Mars, Perseverance has crossed Jezero Crater and explored an ancient river delta in search of microfossils of past life.

Persons: ”, David Flannery, haven’t, Mars, “ We’re, Briony Horgan, we’ve, —, Morgan Cable, MSSS “ We’ve, Ken Farley, it’s, Perseverance, Nicola Fox, Bill Nelson, ” Horgan, ” Farley Organizations: CNN, NASA, Queensland University of Technology, Purdue University, Chemicals, NASA’s Jet Propulsion Laboratory, JPL, Caltech, ASU, ” Cable, California Institute of Technology, MSSS Geologists, Science Locations: Australia, West Lafayette , Indiana, Mars, Pasadena , California, Cheyava, Pasadena, Neretva

☆ Coco Gauff to be flag bearer for Team USA at Paris Olympics
▼ + stars: | 2024-07-24 | by ( James Hansen | ) www.nytimes.com time to read: +1 min

Coco Gauff will become the first tennis player in history to act as Team USA flag bearer when she joins LeBron James at the opening ceremony for the 2024 Paris Olympics. Gauff is representing Team USA in the women’s singles, doubles, and mixed doubles, joining world No. 6 Jessica Pegula in the women’s doubles and men’s No. I just want to say thank you to my fellow team usa olympians/athletes for voting and choosing me for this incredible honor to be the flag bearer for the opening ceremony ❤️. 🥹🇺🇸 — Coco Gauff (@CocoGauff) July 24, 2024The favorite for the singles title is world No.

Persons: Coco Gauff, LeBron James, Cindy Nelson, Jessica Pegula, Taylor Fritz, 🥹🇺 Organizations: USA, U.S, American, Team USA, Tokyo Games, usa Locations: Gauff, Austria

☆ Barbara Corcoran shares her No. 1 strategy for stopping unhealthy competition at work: I put it ‘before anything’
▼ + stars: | 2024-07-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Picture Wall Street stockbrokers frantically trying to beat sales quotas — or sales representatives fighting for commissions. For real estate mogul Barbara Corcoran, the trick to strengthening relationships amongst her employees is being the fun boss. "In sales, you like who you're working with, but you don't really, totally like them because they're going after your market. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Barbara Corcoran as a panelist. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: stockbrokers, —, Barbara Corcoran, it's, Tom Gimbel, Gimbel, Bob Nelson, Nelson, Corcoran Organizations: Employees, Taiwan's National Central University, Harvard Business, CNBC

☆ Why we like this wait-and-see market — plus, our latest thinking on 3 portfolio names
▼ + stars: | 2024-07-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. One could say Wall Street is in wait-and-see mode ahead of earnings from the megacap tech stocks that start after the bell with Club holding Alphabet . 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, Dover, Baird, China –, Estee Lauder, Ike Perlmutter, Nelson Peltz, We're, Perlmutter, he's, Peltz, Jim Cramer's, Jim Organizations: CNBC, Marshall Excelsior Company, Clean Energy, Marshall Excelsior, Nike, Burberry, Richemont, Swatch, Disney, Street, Enphase, Texas Instruments, Chubb, Seagate, Vertiv, GE Vernova, Boston Scientific, Jim Cramer's Charitable Locations: Michigan, Dover, China, Europe, U.S, Japan, Asia, Enphase Energy

☆ 'Turnaround has begun': Wall Street is bullish on Tesla earnings as it looks toward Robotaxi reveal and full self-driving
▼ + stars: | 2024-07-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Wall Street analysts are bullish on updates about the firm's Robotaxi and FSD technology. Tesla's energy business could also be key to its long-term growth, strategists said. Investors now are eagerly waiting on key updates from the company, with all eyes on Tesla's Robotaxi Day in early October. The firm said it would continue to look out for updates on Tesla's Robotaxi and its more-affordable vehicle, which is expected to be released in the coming years. The firm maintained its three-star rating on Tesla stock and assigned a fair value of $200 per share, implying 20% downside.

Persons: —, eyeing, Elon, Tesla, Musk, hasn't, Tesla's, Garrett Nelson, Nelson, Morgan Stanley, Oppenheimer, TSLA, Morningstar, Seth Goldstein, Goldstein Organizations: Wall Street, Service, EVs, Street, Wedbush Securities, Tesla Energy, Morningstar Locations: China

☆ Death of Hedge Fund Stars: Wall Street, Stock Market Titans Are Gone
▼ + stars: | 2024-07-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.

Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, —, Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine

☆ What We Know About the Global Outage
▼ + stars: | 2024-07-19 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: 1 min

Across the world, critical businesses and services including airlines, hospitals, train networks and TV stations, are being disrupted by a global tech outage affecting Microsoft users. In many countries, flights have been grounded, workers couldn’t access their systems and, in some cases, customers haven’t been able to make card payments in stores. A series outages rippled across the globe as information displays, login systems and broadcasting networks went dark. The problem affecting the majority of services was caused by a flawed update by CrowdStrike, an American cybersecurity firm, whose systems are designed to protect users from hackers. Microsoft said on Friday that it was aware of an issue affecting machines running “CrowdStrike Falcon.”

Persons: haven’t, ” Organizations: Microsoft Locations: American

☆ E.C.B. Leaves Rates Unchanged but Keeps Door Open for September
▼ + stars: | 2024-07-18 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

European Central Bank policymakers held interest rates steady on Thursday, as they reiterated their cautious approach to cutting rates as inflation bumps around above the bank’s target. Last month, policymakers cut the interest rate a quarter point, the first reduction in nearly five years and a tentative step toward easing. Inflation in the eurozone has fallen a long way from its double-digit highs in late 2022, and policymakers are trying to ensure it returns to their 2 percent target sustainably. Average inflation across the 20 countries that use the euro was 2.5 percent in June, slightly lower than it was in May but higher than in April. “Inflation is expected to fluctuate around current levels for the rest of the year,” Christine Lagarde, the president of the European Central Bank, said at a news conference in Frankfurt.

Persons: ” Christine Lagarde Organizations: European Central Bank Locations: Frankfurt

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