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☆ How Democrats Will Choose a Nominee
▼ + stars: | 2024-07-11 | by ( Lily Boyce | Amy Schoenfeld Walker | ) www.nytimes.com time to read: +4 min

How Democrats Will Choose a NomineeThe Democratic Party is just weeks away from formally naming a nominee for president, and with some Democrats questioning President Biden’s candidacy, there are a few ways the nomination process could unfold. The party plans to hold a virtual vote to choose a nominee in the weeks before the convention. Virtual nomination vote As soon as 10 days away July 21–Aug. Virtual nomination vote July 21–Aug. Democratic National Convention Aug. 19–22 39 days away Delegates vote.

Persons: Biden’s, Biden, It’s Organizations: Democratic Party, Biden, Democratic, Convention

☆ An options trade that wins if the worst is mostly over for this struggling trucking stock
▼ + stars: | 2024-07-11 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Here I'll break down a nuanced options trade for on a transportation stock reporting next week. JB Hunt Transport Services, Inc . Unfortunately, this has been the case for JB Hunt lately. While I'm not prepared to call for a stellar quarter - economic pressures generally don't resolve quickly - much of the near-term damage may be done. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: you've, JB Hunt, Hunt, I'm Organizations: JB, Transport Services, Inc, CNBC, NBC UNIVERSAL Locations: you've, North America's, Lowell , Arkansas

☆ Joe Biden and I Have Our Age in Common - The New York Times
▼ + stars: | 2024-07-10 | by ( Clark Hoyt | ) www.nytimes.com time to read: +1 min

President Biden and I have something in common: We were born on Nov. 20, 1942 — he in Scranton, Pa., I in Providence, R.I. He and I once even joked about it, long before anyone could suggest we were too old for our jobs. The White House physician says it’s the result of “wear and tear” on his spine. The president and I share other health issues common for folks our age. (Thank goodness for Medicare for me, the White House Physician’s office for him.

Persons: Biden, Mr, I’ve, laughingly Organizations: White Locations: Scranton, Pa, Providence, R.I, United States

☆ What’s in Store for the 2024 Hurricane Season?
▼ + stars: | 2024-07-10 | by ( Christopher Kuo | ) www.nytimes.com time to read: +1 min

When Hurricane Beryl intensified into a Category 5 storm last week, it broke records and left a trail of damage across the Caribbean. The first named hurricane of the season, Beryl is the earliest Category 5 Atlantic hurricane ever recorded, and also the first Category 4 hurricane to form in the Atlantic in the month of June — a portent of what experts say is a hurricane season that will be much more intense than usual. Hurricane season usually runs from June 1 to Nov. 30, with most storms developing between mid-August and mid-October. If you’re planning to travel during this hurricane season, here’s what you should know. How bad will hurricane season be this year?

Persons: Beryl Organizations: Atlantic, Atmospheric Administration, Colorado State University Locations: Caribbean, Texas, Gulf of Mexico, United States

☆ Opinion | Trump Now Has ‘Carte Blanche to Do Unspeakable Things’
▼ + stars: | 2024-07-10 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +1 min

The combination of recent Supreme Court rulings on presidential power with the Democratic Party’s nomination crisis in the wake of Joe Biden’s disastrous debate performance has significantly improved Donald Trump’s prospects — not only his odds of once again becoming president, but also of enacting a sweeping authoritarian agenda. Trump’s debt to the six-member conservative majority on the Supreme Court is twofold. First, their delay. By waiting until the last day of the court’s term to issue their decision on Trump’s immunity claims, the justices effectively prevented prosecution of federal criminal charges against him before the election. “By shielding Donald Trump from standing trial before a jury in two of his felony cases,” Michael Podhorzer, a former political director of the AFL-CIO, writes in a post on his Substack, Tipping the Scales, “Trump’s three appointments to the Supreme Court, along with the even more MAGA Justices Alito and Thomas and Judge Aileen Cannon, have already irreparably interfered in the 2024 election.”Second, the substance of the July 1 ruling in Trump v. United States has convinced Trump and his allies that they will face few legal obstacles if they pursue a radical reconstruction of government — a “second American Revolution,” in the words of one loyalist — if Trump regains the White House on Nov. 5.

Persons: Joe Biden’s, Donald Trump’s, —, Donald Trump, ” Michael Podhorzer, “, MAGA, Alito, Thomas, Aileen Cannon, ”, Trump Organizations: Democratic, AFL, Trump v . United, Trump Locations: Trump v, Trump v . United States

In this gilded echo chamber, Mr. Trump enjoys unwavering devotion — and collects the staggering price of admission. During the 2014-15 season — the last before Mr. Trump officially entered politics — The Times counted 52 fund-raiser events at Mar-a-Lago. More than two dozen midterm candidates had already held fund-raisers on the property when Mr. Trump made that statement. But that changed when Letitia James, the New York attorney general, sued Mr. Trump for exaggerating the value of his properties. And, unlike when Mr. Trump was president, “he was there a lot,” Mr. Rustmann said.

Persons: Donald J, Trump, MAGA, Matt Gaetz, “, Sebastian Gorka, ”, Forgiato, Donald Trump, Ryan Garcia, “ Donald Trump, Glenn Beck, Roger Stone, Liz Crokin, Michael T, Flynn, We’re, —, Vivek Ramaswamy, Matthew DePerno, Frank Pavone, Kari Lake, Joe Kent, ” Cameron Moore, Alex Stone, Stone, Roger J, Stone Jr, Roseanne Barr, don’t, Abraham Lincoln, Lago, Thomas D, Homan, ” Sebastian Gorka, Gorka, Abraham Lincoln ”, Trump’s, ” Mr, Vernon Jones, Letitia James, galas, Laurence Hirsh, James, Greg Christovich, Christovich, Christovich’s, Michael Barnett, Barnett, ” Frank Vain, Fred Rustmann, Mr, Rustmann Organizations: Gravity, House, New York Times, Mar, U.S.A, Times, Trump, Palm, Republican Party of Palm, Lincoln, Breakers, Policy Institute, America’s, Inc, White, Mr, America, of, Republican, Republicans, Republican National Committee, Democratic Senatorial, Trump Organization, New, U.S ., Secret Service, U.S . Department of State, Records, The Trump Organization, Republican Party of, RSM, Republican Party Locations: Mar, Jan, America, Palm Beach, Lago, Charlottesville, Va, Beach, Georgia’s, “, New York, Republican Party of Palm Beach County, Florida

☆ ‘Gladiator II’: Paul Mescal battles Pedro Pascal and a rhino in first trailer
▼ + stars: | 2024-07-09 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

The first trailer for “Gladiator II” has arrived. The sequel to Ridley Scott’s 2000 blockbuster stars Paul Mescal, who takes over for Russell Crowe. Mescal plays Lucius, son of Lucilla, played by Connie Nielsen and the late Lucius Verus. The movie is also headlined by Pedro Pascal as Marcus Acacius, a Roman general and Denzel Washington as Macrinus, a cruel, wealthy man who keeps gladiators for sport. Gladiator II | Official Trailer (2024 Movie) - Paul Mescal, Pedro Pascal, Denzel WashingtonHans Zimmer composed the soundtrack heard in the trailer and movie.

Persons: ”, Ridley Scott’s, Paul Mescal, Russell Crowe, Mescal, Lucius, Lucilla, Connie Nielsen, Lucius Verus, Commodus, Joaquin Phoenix, Pedro Pascal, Marcus Acacius, Denzel Washington, Gladiator, Denzel Washington Hans Zimmer Organizations: CNN Locations: Numidia, Rome

On June 19, Tropical Storm Alberto, which formed in the Gulf of Mexico, became the first named storm of the 2024 Atlantic hurricane season. “When it comes to hurricane and storm preparation, now is always the right time.”Protect your documents and valuables. Most homeowners’ policies do not cover flood damage, and flood insurance policies generally take 30 days to become effective. Move pantry items and a supply of bottled water to high, secure shelves, so they will be safer from floodwaters. Board up your windows to prevent leaks and broken glass, and, where necessary, secure doors with storm shutters.

Persons: Alberto, Deanna Frazier, Hurricane Harvey, ”, Alberto Moscoso, Kit, Mr, Acree, Dorian, Ramon Espinosa, Johnny Diaz Organizations: Tropical, Atmospheric Administration, New York Times, Federal Emergency Management Agency, Florida Division, Emergency Management, Social, Drug Administration, Disease Control Locations: Gulf of Mexico, Pacific, Wirecutter, Texas, Boquerón

☆ Beryl Live Updates: Over a Million in Texas Under a Hurricane Warning
▼ + stars: | 2024-07-07 | by ( Kate Selig | ) www.nytimes.com time to read: +9 min

On June 19, Tropical Storm Alberto, which formed in the Gulf of Mexico, became the first named storm of the 2024 Atlantic hurricane season. If you live in a coastal area, it’s important to be familiar with community evacuation plans, evacuation zones and evacuation routes. “When it comes to hurricane and storm preparation, now is always the right time.”Protect your documents and valuables. Most homeowners’ policies do not cover flood damage, and flood insurance policies generally take 30 days to become effective. Move pantry items and a supply of bottled water to high, secure shelves, so they will be safer from floodwaters.

☆ 'We don't do God' and massive ad spends: How UK election races differ from American ones
▼ + stars: | 2024-07-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +12 min

Here are a handful of them:1) CampaignsBy the time a presidential election takes place in the United States, the electorate will have already endured months of seemingly endless electioneering — with the entire election campaign process from candidacies and the campaign trail to the actual presidential election and inauguration taking up to two years. In the U.K., the time frame between a prime minister calling a general election to the actual vote is just six weeks. It sounds simple, and usually is, unless there's a "hung parliament" in which no political party wins a majority of seats. In the U.K., political advertising on TV and radio is not allowed, so U.K. voters are subjected to the somewhat quaint "party political broadcasts" during election campaigns. 6) 'Absurd' diversionsBritish political experts note that, unlike in the U.S., where broad political debates tend to remain the key focus, U.K. election campaigns can see more minor or fringe issues dominate the short election campaign.

Persons: Rishi Sunak, Joe Biden, Paul Ellis, Sir Keir Starmer, Stefan Rousseau, Bobby Duffy, Donald Trump, Tom Brenner, —, Britain's, Tony Blair, Alastair Campbell, Ben Curtis, Blair, Dan Stevens, Joe Biden's, Trump, Brian Snyder, Keir Starmer, Institute's Duffy, Duffy, Biden, Rodin Eckenroth, Rodin, John Curtice, it's, Ludovic Marin Organizations: Britain's, North Atlantic Council, NATO, South Derbyshire College, Trent, Commons, King's College London, CNBC, Brit, Republicans, U.S, Federal, Former U.S, Republican, Reuters, Electoral Commission, Inverness Royal Academy, Labour, of, Exeter University, Trump . Democratic Party, Reuters Incumbent British, Labour Party, Trump, European, Conservative Party, U.K, UK Ministry of Defence, Royal British, Afp, Getty Locations: Vilnius, Lithuania, United States, Burton, U.S, Britain, Philadelphia, Great Britain, England, Wales, Scotland, British, America, Western Europe, Atlanta , Georgia, Hollywood , California, European Union, Normandy, Ver, Gold, France

☆ Hurricane Beryl breaks records in devastating path across the Caribbean
▼ + stars: | 2024-07-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Brad Reinhart, Senior Hurricane Specialist at the National Hurricane Center, works on tracking Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 01, 2024 in Miami, Florida. Hurricane Beryl has been declared the strongest-ever hurricane in July, breaking the latest in a series of records as it causes widespread destruction in the Caribbean. On Monday, Beryl was declared a Category 5 hurricane — the highest rating on the SAFFIR-SIMPSON Hurricane Scale, declared when winds top 155 miles per hour. The National Oceanic and Atmospheric Administration (NOAA) previously forecast an 85% chance of an "above-normal" 2024 hurricane season in the Atlantic. Four to seven of these are projected as likely to develop into major hurricanes, compared with an average of three.

Persons: Brad Reinhart, Hurricane Beryl, Beryl, El Organizations: National Hurricane Center, Atmospheric Administration, NOAA, Southern Locations: Miami , Florida, Hurricane, Caribbean

Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Asia-Pacific markets fell on Tuesday, despite gains on Wall Street that saw the Nasdaq Composite reached a new record on the strength of tech stocks. The index was led by gains in Microsoft , Apple and chipmaker Nvidia . It advanced 0.83% to end at 17,879.3. Traders in Asia are assessing South Korea's inflation numbers which came in at 2.4% for June, missing expectations by economists polled by Reuters who predicted a inflation rate of 2.7%.

Organizations: Lotte Corp, Nasdaq, Microsoft, Apple, Nvidia, Traders, Reuters Locations: Seoul, South Korea, Asia, Pacific

☆ CNBC Daily Open: 'Roaring Kitty' gets chewed up
▼ + stars: | 2024-07-02 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock exchange during morning trading on Nov. 10, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. AI momentumWall Street kicked off the second half of the year with modest gains, propelled by continued strength in megacap stocks. Boeing, Spirit upShares of Boeing and Spirit AeroSystems rose 2.58% and 3.35% respectively after Boeing agreed to buy back fuselage maker Spirit in a $4.7 billion all-stock deal.

Persons: Keith Gill, Gill, Paris . Hurricane Beryl Cruise, Tom Lee, Lee Organizations: New York Stock, CNBC, Dow Jones, Nasdaq, Microsoft's, Paramount, Warner Bros ., Netflix, Securities and Exchange Commission, Wall, Boeing, Airbus, Paris . Hurricane, Norwegian Cruise, Royal Locations: New York City, U.S, Chewy, Belfast , Wichita, North Carolina, Paris ., Grenada, Norwegian, Royal Caribbean, Mt

☆ Peloton staved off the cash crunch that threatened its business. Where does it go now?
▼ + stars: | 2024-07-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +8 min

Before the refinancing, Peloton would have needed to pay around $800 million toward its debt by November 2025. Now that it has refinanced, Peloton has eased investor concerns about liquidity and has the breathing room it needs to try to turn around its business. Peloton faces risks aheadWhile the refinance may have bought Peloton some time, it's far from a panacea. Under the terms, Peloton will now be spending about $133 million annually in interest, up from around $89 million previously. As of the end of March, Peloton had about 6.6 million members — woefully behind that long-term target.

Persons: Michael Nagle, JP Morgan, Goldman Sachs, hasn't, Liz Coddington, Coddington, Evan DuFaux, Soros didn't, Neil Saunders, Barry McCarthy's, Karen Boone, Chris Bruzzo, Scott Stuart, Simeon Siegel, Siegel, John Foley, McCarthy, —, McCarthy – Organizations: Interactive, Bloomberg, Getty, CNBC, Soros Fund Management, Silver Point, GlobalData, Netflix, Turnaround Management Association, BMO Capital Markets, Spotify Locations: New York

☆ Trump immunity ruling hands big decisions to Judge Tanya Chutkan
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: +2 min

A general view of the U.S. Supreme Court as justices issue rulings in pending cases on the final day of the court's term in Washington, U.S., July 1, 2024. The U.S. Supreme Court's presidential immunity ruling on Monday sends the federal case accusing Donald Trump of attempting to overturn his 2020 defeat back to Judge Tanya Chutkan for critical decisions that will shape the future of the historic prosecution. Chutkan, a judge on the U.S. District Court in Washington, will have to decide whether a pair of Supreme Court rulings requires some of the allegations against the Republican presidential candidate be tossed out. Chutkan, born in Jamaica and nominated as a judge by former Democratic President Barack Obama, was assigned to oversee the Trump case in August 2023. She has had little to do for more than six months as Trump's bid for presidential immunity stalled any activity until the Supreme Court ruled.

Persons: Donald Trump, Tanya Chutkan, Trump, Joe Biden, Chutkan, Barack Obama Organizations: U.S, Supreme, Monday, Republican, Democratic, Trump Locations: Washington , U.S, Washington, New York, Jamaica

☆ Supreme Court dissents take a 'darker tone' on Trump immunity ruling
▼ + stars: | 2024-07-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Supreme Court Justices Sonia Sotomayor, Ketanji Brown Jackson and Elena Kagan laid out grim visions of U.S. democracy in their joint written dissents to the court's Monday decision on former President Donald Trump's claim of presidential immunity from criminal prosecution. "In every use of official power, the President is now a king above the law," Sotomayor wrote. It's more of a warning," LaCroix told CNBC in an interview about the three dissents, written by the only three justices nominated to the court by Democratic presidents. The immediate effect was to send special counsel Jack Smith's criminal election fraud case against Trump back to U.S. District Judge Tanya Chutkan. She will have to rule on whether the criminal charges pertain to official acts Trump carried out as president, granting him immunity, or his private conduct.

Persons: Sonia Sotomayor, Ketanji Brown Jackson, Elena Kagan, Donald Trump's, Sotomayor, Jackson, Alison LaCroix, LaCroix, Jack, Tanya Chutkan, Trump Organizations: University of Chicago, CNBC, Democratic, Trump, Republicans Locations: U.S

☆ Stephen Bannon Reports to Prison After One Final Podcast Episode
▼ + stars: | 2024-07-01 | by ( Ken Bensinger | ) www.nytimes.com time to read: +1 min

Stephen K. Bannon, the longtime adviser to former President Donald J. Trump, has reported for a four-month sentence in federal prison on Monday after hosting the two final hours of his podcast from just outside the low-security facility in Danbury, Conn.“We’ll be as close to the prison as we can possibly get,” said Mr. Bannon in a high-spirited interview over the weekend. And when the taping, which he cast as an unsubtle troll pointed at the Justice Department, is concluded, “I’ll walk across the street and surrender.”He surrendered shortly after noon Eastern time. As a result, the very public figure will remain out of view — and off the air — until just a few days before the Nov. 5 election. But the right wing firebrand insists that swapping his studio mic for a prison job, and his trademark double-collared shirts for government khakis, will have little impact on his influential “War Room” podcast. In fact, he claims, it will “only get bigger and more powerful” while he’s in custody.

Persons: Stephen K, Bannon, Donald J, Trump, “, ”, khakis Organizations: Justice Department Locations: Danbury, Conn

☆ Stephen Bannon Plans to Record His Podcast and Then Report to Prison
▼ + stars: | 2024-07-01 | by ( Ken Bensinger | ) www.nytimes.com time to read: +1 min

Immediately before reporting for a four-month sentence in federal prison on Monday, Stephen K. Bannon, the longtime adviser to former President Donald J. Trump, will host the two final hours of his podcast from just outside the low-security facility in Danbury, Conn.“We’ll be as close to the prison as we can possibly get,” said Mr. Bannon in a high-spirited interview over the weekend. And when the taping, which he cast as an unsubtle troll pointed at the Justice Department, is concluded, “I’ll walk across the street and surrender.”Mr. Bannon on Friday lost his last-ditch bid to avoid incarceration, after the Supreme Court denied a request to postpone the sentence while he appealed a jury verdict that found him guilty of contempt for ignoring a congressional subpoena. As a result, the very public figure will remain out of view — and off the air — until just a few days before the Nov. 5 election. But the right wing firebrand insists that swapping his studio mic for a prison job, and his trademark double-collared shirts for government khakis, will have little impact on his influential “War Room” podcast. In fact, he claims, it will “only get bigger and more powerful” while he’s in custody.

Persons: Stephen K, Bannon, Donald J, Trump, “, ”, ” Mr, khakis Organizations: Justice Department Locations: Danbury, Conn

In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Disbursements will be in a mix of bitcoin and bitcoin cash, an early offshoot of the original cryptocurrency. Gox — short for "Magic: The Gathering Online Exchange" — was once the largest spot bitcoin exchange globally, claiming to handle around 80% of all global dollar trades for bitcoin. Gox users would likely translate to huge sales in bitcoin as investors look to lock in gains. Vijay Ayyar, head of consumer growth for Asia-Pacific at crypto exchange Gemini, said that the overall impact of the Mt.

Persons: Omer Taha Cetin, that's, Disbursements, bitcoin, Gox, —, John Glover, Glover, James Butterfill, bitcoin's, Gemini, Lennix Lai, Butterfill, Bitcoin, Jacob Joseph, Joseph, Alex Thorn, Thorn, Vijay Ayyar, Gox disbursement, Ayyar Organizations: Anadolu, Getty, CNBC, bitcoin, Barclays, CoinShares, Gemini, JPMorgan, Arkham Intelligence, Analysts, U.S . Securities, Exchange, Federal Reserve Locations: Tokyo, Gox, Mt, bitcoin, Asia, Pacific

☆ NASA administrator weighs in on China’s historic lunar far side samples — and potential US access
▼ + stars: | 2024-07-01 | by ( Kristin Fisher | ) edition.cnn.com time to read: +7 min

CNN —The government of China now possesses something that no other humans have ever encountered — rocks and soil from the far side of the moon. NASA Administrator Bill Nelson told CNN he’s “pleased to hear CNSA intends to share” the materials collected by the Chang’e-6 lunar probe last month. NASA Administrator Bill Nelson, shown here during a pre-launch news conference on Boeing's first crewed spacecraft, the Boeing Starliner, on May 3, said he's "pleased" China intends to share the lunar far side samples. China opened those samples to international scientists for the first time last August, and Nelson has given NASA-funded researchers the green light to apply for access. TheUS government has not landed a robotic spacecraft on the moon since 1968, but NASA is currently funding the development of lunar landers by private companies through its Commercial Lunar Payload Services, or CLPS program.

Persons: ”, Liu Yunfeng, Bill Nelson, CNN he’s “, CNSA, ” Nelson, he's, Miguel J, Rodriguez Carrillo, Bian Zhigang, Nelson, Artemis, Joel Kowsky, Artemis III, Odie Organizations: CNN, NASA, China National Space Administration, Boeing, AFP, Getty, Federal Bureau of Investigation, Apollo, Soviet, Soviet Union —, “, Beijing, Orion, Kennedy Space Center, NASA NASA, SpaceX, Payload Services, Astrobotic Technologies Locations: China, United States, Beijing, Soviet Union, Nelson, Florida

☆ With Macron and Biden Vulnerable, So Is Europe
▼ + stars: | 2024-06-29 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

This month, President Biden, flanked by President Emmanuel Macron of France, stood on the Normandy bluffs to commemorate the young men who clambered ashore 80 years ago into a hail of Nazi gunfire because “they knew beyond any doubt there are things worth fighting and dying for.”Among those things, Mr. Biden said, were freedom, democracy, America and the world, “then, now and always.” It was a moving moment as Mr. Macron spoke of the “bond of blood” between France and America, but just a few weeks later, the ability of either leader to hold the line in defense of their values appears more fragile. The United States and France — pillars of the NATO alliance, of the defense of Ukraine’s freedom against Russia and of the postwar construction of a united Europe — face nationalist forces that could undo those international commitments and pitch the world into uncharted territory. A wobbly, wavering debate performance by Mr. Biden, in which he struggled to counter the dishonest bluster of former President Donald J. Trump, has spread panic among Democrats and raised doubts about whether he should even be on the ticket for the Nov. 5 election.

Persons: Biden, Emmanuel Macron, “, Macron, Mr, Donald J, Trump Organizations: NATO, Russia Locations: France, Normandy, America, United States, Europe

Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services. Seed-stage startups will still be eligible for $100,000 in credits, AWS said. But Microsoft Azure and Google Cloud are growing more quickly, and are benefiting from rapidly advancing AI models. During Selipsky's time at the helm, Microsoft and Google increased their share of the cloud infrastructure market. Participants will be able to access up to $1 million in cloud credits, according to the website.

Persons: Matt Garman, Garman, Garman's, OpenAI, Anthropic, Adam Selipsky, Grant, Amazon's, Rohit Prasad, David Luan Organizations: Amazon Web, CNBC, Microsoft, AWS, Google, Gemini Locations: Las Vegas, Silicon, Silicon Valley

☆ HSBC, Virgin Money and Nationwide customers suffer online banking outage
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: +1 min

Customers of HSBC , Nationwide and Virgin Money suffered outages to their online banking services on Friday, in the latest such disruption to plague an industry which increasingly relies on such digital access as it closes physical branches. Thousands of HSBC customers in Britain were unable to access online banking services on Friday, as the bank acknowledged an outage affecting some users of its website and banking app. The bank said at 1115 GMT it had restored access to online and mobile banking, after more than 7,000 customers had complained of problems, according to website DownDetector which tracks such outages. Virgin Money said some of its customers could not access online and mobile banking, while Nationwide said some customers' salary or pension payments were delayed. Some 6,000 branches have closed in Britain since 2015, according to consumer publication Which?.

Persons: Virgin Money Organizations: Citigroup Inc, State Street Corp, Barclays Plc, HSBC Holdings Plc, HSBC, Nationwide, Virgin Money, Virgin Locations: Wharf, Britain

U.S. President Joe Biden attends the first presidential debate hosted by CNN in Atlanta, Georgia, U.S., June 27, 2024. Schumer was worried before the debate that Biden and Trump were in statistical tie nationally, despite the Republican challenger's conviction in his New York criminal hush money trial. "We've got to get out the vote for Joe Biden, Kamala Harris, and a Democratic Senate and House!" "Vice President Harris is a risky choice, but certainly has the visibility and is the logical choice," said Bose. Biden has won nearly all of the roughly 4,000 Democratic pledged delegates, far exceeding the threshold to make him the party nominee.

Persons: Joe Biden, Marco Bello, Joe Biden's, –, Donald Trump, Biden, Chuck Schumer, Saul Loeb, Schumer, Trump, We've, Kamala Harris, Meena Bose, Peter S, Bose, Anna Moneymaker, Harris, Gavin Newsom, Ohio Sen, Sherrod Brown, J.B . Pritzker, Marco Bello Marco Bello Organizations: CNN, Democratic, Trump, Senate Democratic, Capitol, AFP, Getty, Republican, CNBC, Kalikow, American, Hofstra University, U.S, Democratic National Convention, Biden, California Gov, Illinois Gov, California, REUTERS Locations: Atlanta , Georgia, U.S, Washington , DC, New York, Long, California, Ohio, Illinois

☆ Walgreens slashes profit guidance, citing 'challenging' environment for consumers and pharmacies
▼ + stars: | 2024-06-27 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021. Walgreens on Thursday reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers. Still, Walgreens topped revenue estimates for the quarter on strong performance in its health-care segment. The company reported a net income of $344 million, or 40 cents per share, for the quarter. The company has not offered that guidance since October, when it said it expected $141 billion to $145 billion in sales.

Persons: Tim Wentworth, we've, Wentworth Organizations: Walgreens, Walgreens Boots Alliance, CNBC, LSEG Locations: Manhattan , New York City

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