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☆ Summer of small caps is here, says Fundstrat's Mark Newton
▼ + stars: | 2024-07-25 | 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 EmailSummer of small caps is here, says Fundstrat's Mark NewtonBrent Schutte, Northwestern Mutual Wealth Management CIO, and Mark Newton, Fundstrat head of technical research, join 'Power Lunch' to discuss the market sell-off, what sectors investors should be looking at, and more.

Persons: Fundstrat's Mark Newton Brent Schutte, Mark Newton, Fundstrat Organizations: Northwestern Mutual Wealth Management

☆ Alphabet could be in for a tough period ahead, analysts warn
▼ + stars: | 2024-07-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet investors may want to prepare for some volatility moving forward. However, shares fell about 5% as the company also reported lower-than-expected YouTube advertising revenue. On top of that, Alphabet highlighted plans to boost capital expenditures as it races to meet rising artificial intelligence demand. That is due in part to tough advertising comparisons amid the anniversary of a particular strong period for Asia and Pacific retailers. The move to 'future proof' business Some analysts and investors are reading the tea leaves with a positive tilt, however.

Persons: Ruth Porat, Sundar Pichai, Porat, Mark Shmulik, Brent Thill, Benjamin Black, Ross Sandler, Gene Munster, Goldman Sachs, Eric Sheridan, Bank of America's Justin Post, Truist's Youssef Squali, Citi's Ronald Josey Organizations: Jefferies, Deutsche Bank, Barclays, Bank of America's, DR Locations: Asia, Pacific

☆ Oil prices rise as U.S. crude and fuel inventories seen shrinking
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +1 min

Falling U.S. crude inventories caused oil prices to rebound on Wednesday after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb. U.S. crude oil, gasoline and distillate inventories fell last week, according to market sources citing the American Petroleum Institute, a trade organization. Gasoline inventories fell by 2.8 million barrels and distillates shed 1.5 million barrels. That would be the first time crude stocks in the United States fell for four weeks in a row since September 2023. Prices also suffered on continued concern that economic softening in China, which is the world's biggest crude importer, would weaken global oil demand.

Persons: pumpjack, WTI, Brent, Joe Biden Organizations: Brent, . West Texas, American Petroleum Institute, Hamas, U.S Locations: Bakersfield, Kern County , California, USA, United States, Israel, Egypt, Qatar, China

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. "At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable," wrote analyst Nik Modi. "However, with minimal upside to our revised $47 price target and a relatively 'balanced' risk-reward between our $28 bear case …. –Samantha Subin 5:54 a.m.: Wall Street stands by Alphabet, AI potential post-earnings Wall Street analysts remain bullish on the outlook for Alphabet , even after the stock fell on the back of its second-quarter results. His price target of $425, up from $320, implies upside of more than 28% from Tuesday's close.

Persons: Goldman Sachs, Lauder, Estee Lauder, Nik Modi, Modi, Estee, – Samantha Subin, Morgan Stanley downgrades, Morgan Stanley, Adam Jonas, Jonas, Samantha Subin, Dan Levy, Tesla, Michaeli, Bernstein's Toni Sacconaghi, Mark Delaney, GOOGL, Doug Anmuth, Justin Post, Eric Sheridan, Brent Thill, Sheridan, Fred Imbert Organizations: CNBC, Spotify, RBC, Markets, Motors, GM, General Motors, Tesla, Barclays, YouTube, Bank of America, Google, Jefferies Locations: China, 1H25, Tuesday's

☆ Embattled Secret Service director resigns after Trump assassination attempt
▼ + stars: | 2024-07-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Secret Service Director Kimberly Cheatle resigned on Tuesday. Cheatle called the assassination attempt on Donald Trump the agency's worst failure in decades. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSecret Service Director Kimberly Cheatle on Tuesday resigned after enduring days of criticism following an attempted assassination of former President Donald Trump. "In light of recent events, it is with a heavy heart that I have made the difficult decision to step down as your director."

Persons: Kimberly Cheatle, Cheatle, Donald Trump, — Organizations: Service, Associated Press, Business

☆ Trump says he'll 'absolutely' debate Kamala Harris if she wins the Democratic nomination
▼ + stars: | 2024-07-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Donald Trump said that he wants to debate Vice President Kamala Harris. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump on Tuesday committed to debating Vice President Kamala Harris, teasing another potential major moment in the 2024 race. "I would be willing to do more than one debate, absolutely," Trump said on a press call, per NBC News. Trump said he "absolutely" wanted to debate the vice president.

Persons: Donald Trump, Kamala Harris, Harris, —, Trump Organizations: Democratic, Service, NBC, Business

Its price target implies more than 30% upside. Analyst Stephen Bersey also slashed his price target for the stock to $302 from $388. The financial firm reiterated its overweight on the technology titan and Magnificent Seven member and increased its price target to $485 from $465. The bank upgraded shares of the doughnut maker to buy from hold, while standing by its target price of $14. The bank upgraded the shoe company to overweight from equal weight and raised its price target to $80 from $60.

Persons: CrowdStrike, Morgan Stanley, Stephen Bersey, Bersey, Lisa Kailai Han, Piper Sandler, Brent Bracelin, Bracelin, — Lisa Kailai Han, Peter Christiansen, Christiansen, Sorabh Daga, McDonald's, Daga, Fred Imbert Organizations: CNBC, HSBC, HSBC downgrades CrowdStrike, Guggenheim, Microsoft, Microsoft Cloud, Citi Locations: CrowdStrike, U.S, Monday's

☆ What is Brat summer? How an ‘off-putting’ shade of green shaded the internet and beyond
▼ + stars: | 2024-07-23 | by ( Leah Dolan | ) edition.cnn.com time to read: +10 min

Now synonymous with British pop star Charli XCX’s chart-topping studio album, the cultural influence of “Brat” green knows no bounds. Last week, the official X account of the New York City Metropolitan Transportation Authority alerted commuters of train repairs using a “Brat” green graphic. Google even predicts searches for “Brat summer” will reach their maximum popularity this week. She recently noticed a colleague was inadvertently wearing Brat green during an art gallery board meeting. ‘What does this shade of green mean versus this shade of green?

Persons: chartreuse, Kyle McLachlan, Kamala Harris, Joe Biden, Charli XCX, “ kamala, Harris, Bratsummer, ”, Troye Sivan, Charli, Katja Ogrin, Sunita Yeomans, Yeoman, “, doesn’t, Greta Gerwig’s, Barbie, Diana, Pascal Le Segretain, Pierpaolo Piccioli, Greta Gerwig's, Stephanie Keith, Laurie Pressman, Pressman, Pier Paolo Piccioli, Valentino, Florence Pugh, Valentino Pink, ” Pressman, Rosso Valentino, Brent David Freaney, “ Charli, ” Freaney, ‘, ‘ Let’s, Stephanie, “ It’s, — Pressman, Bennett Raglin, Olivia Rodrgio, “ That’s, Yeomans Organizations: CNN, New, New York City Metropolitan Transportation Authority, Globe, President’s, Google, OVO, Wembley, London College of Communication, US, Pantone Locations: New York City, American, London, Europe, Freaney, New York, LA

☆ Kamala Harris might trigger Trump's biggest vulnerability
▼ + stars: | 2024-07-22 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. While she isn't yet his official opponent, Vice President Kamala Harris' mere presence could provoke such a reaction. Years later, Trump deeming former Secretary of State Hillary Clinton "a nasty woman" remains a badge of honor for Democrats. Trump's former foes have turned his attacks into rallying cries, a response that Harris and her allies are likely to use. "Sarah, you're smart, you're beautiful, you're tough, and they attack you because you're good at your job," Sanders said.

Persons: —, Donald Trump, Kamala Harris, Trump, Jeb Bush's, Marco Rubio's, Ron DeSantis, Megyn Kelly, Carly Fiorina, Fiorina, Hillary Clinton, Roy, E, Jean Carroll, Nikki Haley's, Michael, Haley, Harris, Alexandria Ocasio, Cortez, Ayanna Pressley, Rashida, Ilhan Omar, Omar, Mike Turner of, Biden, Hulk Hogan, Dana White, Sarah Huckabee Sanders, Sarah, Sanders Organizations: Service, Business, Trump, Fox News, Hewlett, Packard, GOP, Reps, Ayanna Pressley of Massachusetts, Republican, Twitter, Democratic, The New York Times, Convention, UFC, Arkansas Gov, White Locations: Cortez of New York, Ayanna Pressley of, Michigan, Somalia, Mike Turner of Ohio

☆ Oil prices rise as investors look for signs U.S. rate cuts to begin
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +1 min

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States. Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September. "Since the June FOMC meeting, inflation and labor market data have signaled that disinflation and labor market rebalancing are in place, which we expect will allow the Fed to begin its interest rate cutting cycle in September," ANZ Research said in a note. Slower-than-expected economic growth of 4.7% for China in the second quarter sparked concerns last week over the country's demand for oil and continues to weigh on prices. The 60-point document's publication follows last week's closed-door meeting of the Communist Party's Central Committee that takes place roughly every five years.

Persons: Phillips, Joe Biden, Kamala Harris, Republican Donald Trump Organizations: Brent, U.S . West Texas, Fed, ANZ Research, U.S . Federal Reserve, Market, Republican, Communist Party's Central Committee Locations: Linden , New Jersey, United States, U.S, China

☆ Opinion | Biden Should Have Treated Harris as a Future President
▼ + stars: | 2024-07-22 | by ( Brent Staples | ) www.nytimes.com time to read: +1 min

In just three and a half weeks, Kamala Harris has moved from the shadows to the forefront of the Democratic Party. At the time of the catastrophic debate that spelled the beginning of the end for President Biden, the vice president was still something of a maligned figure, standing in the president’s shadow. She redeemed herself with speeches like the one she delivered on July 10 at the Dallas convention of her sorority, Alpha Kappa Alpha, where she defended the administration’s record and laid out the approach she would take if she became the party’s nominee. He barely did a middling job of introducing her to the public and setting her up for success. Instead, his advisers diminished her by casting her as a placeholder.

Persons: Kamala Harris, Biden, Jonathan Chait, ”, “, Harris Organizations: Democratic Party, Alpha Kappa Alpha, New York, Democratic Locations: Dallas

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ 7 Democrats who could replace Biden as the 2024 presidential nominee
▼ + stars: | 2024-07-21 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Wes Moore of MarylandGov. Wes Moore is a combat veteran who served in Afghanistan. Wes Moore, an Army veteran who's also a Rhodes Scholar, was first elected to the governorship in 2022. He has touted low national unemployment numbers, not low national employment numbers. Editor's note: This article was first published in February 2024 and has been updated to reflect the events after the first 2024 presidential debate.

Persons: Wes Moore, JIM WATSON, who's, Moore, Biden, Harris, Joe Biden's Organizations: Maryland Gov, Getty, Army, Rhodes, Democratic Party . Correction Locations: Afghanistan

☆ Democrats may still lose the White House. But Biden stepping aside was the only way to change the race.
▼ + stars: | 2024-07-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Democrats have taken an unprecedented risk in pushing President Joe Biden out of the 2024 race. Biden was well on his way to becoming a one-term president. Needing a way to upend the race, Biden's campaign gambled on scheduling the earliest major presidential debate in history. Democrats' crescendoing calls for Biden to step aside on Friday, with at least nine saying Biden should step aside in just one day, underlined how untenable the situation had become. As Atlantic editor Ron Brownstein has pointed out, based on future Senate maps, Democrats could be facing years in the minority.

Persons: Joe Biden, Biden, Donald Trump, Trump's, Kamala Harris, Sen, JD Vance, Ohio, Harris, Trump, Ron Brownstein Organizations: Service, Business, Biden, Republican, GOP, Atlantic

☆ Kamala Harris is locking down support. Any Democrat who wants to rip the nomination from her faces a steep climb.
▼ + stars: | 2024-07-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Following Biden's endorsement, the president's reelection campaign committee rebranded itself to "Harris for President," handing her the keys to a $91 million war chest. Beyond seeking to upstage the first female vice president, other ambitious Democrats would have to raise their national profile in a way Harris does not. AdvertisementThe prospect of Harris' nomination is far from a political panacea for nervous Democrats. As leader of his party, Biden pushed the DNC to rubber stamp his plan to shake up the primary calendar. If the virtual vote moves forward, ambitious Democrats will face an even tighter window to organize opposition to Harris' nomination.

Persons: —, Kamala Harris, Joe Biden's, Harris, Biden, Democratic Party —, Bill Clinton, we've, Clinton, Hillary Clinton, Nanette D, Sen, Patty Murray, Donald Trump, Murray, Barack Obama, Obama, Joe Biden, Nancy Pelosi, Pelosi, Trump Organizations: Service, Business, Democratic Party, Congressional, Caucus, Congressional Hispanic Caucus, Democratic, NBC, AFL, Biden, Republicans, Democratic National Committee, DNC Locations: California, Washington, Chicago

☆ Here's where Kamala Harris stands on the issues, from the economy to healthcare
▼ + stars: | 2024-07-21 | by ( Lloyd Lee | Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Presenting herself as a center-left politician, Harris previously ran successful campaigns in California, winning statewide races for the San Francisco District Attorney's Office, the state attorney general, and the US Senate. AdvertisementHere's where she stands on major issues:AbortionHarris has supported abortion rights since her time in the Senate. ClimateHarris previously supported policies to combat climate change, including plans to transition the US to 100% renewable energy and a carbon tax. As vice president, Harris was tasked with handling the root causes of migration to the US from Central America. Harris re-affirmed her support for LGBTQ+ rights as vice president but has not provided specific policies.

Persons: —, Kamala Harris, Joe Biden, Harris, Biden, Brett Kavanaugh, Roe, Wade, Climate Harris, She's, Donald Trump's, Sen, Bernie Sanders of, Harris waffled, Sanders, HuffPost, Alejandro Giammattei, Trump Organizations: Service, Democratic, San, San Francisco District Attorney's Office, Business, CNN, Biden, Marshall, Biden's Infrastructure Deal, Healthcare, Stat, Immigration, San Francisco DA, Senate Republicans, Republicans, GOP Locations: California, San Francisco District, Bernie Sanders of Vermont, Immigration, Central America, United States, Guatemalan, Israel, Gaza, Rafah

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn a stunning turnaround, President Joe Biden announced on Sunday that he is withdrawing his candidacy for reelection in 2024. Biden on Sunday also endorsed Vice President Kamala Harris to succeed him in the Oval Office. In the days following the debate, Biden faced growing pressure to step aside, with an increasing number of Democratic politicians urging the 81-year-old president to do so. Polling had long shown Biden trailing Trump both nationally and in key swing states, and the debate represented a key opportunity for the president to turn the race around.

Persons: —, Joe Biden, Biden, Kamala Harris, Donald Trump, Nancy Pelosi, prognosticators, Biden's, Trump, Jen O'Malley Dillon, Julie Chavez Rodriguez, Lyndon B, Johnson, Hubert Humphrey, Richard Nixon Organizations: Service, Business, Sunday, Democratic, Biden, Trump Locations: Washington, Minnesota, New Hampshire, New Mexico, Vietnam, Chicago

☆ Oil drops on weak sentiment, set for weekly decline
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: +2 min

Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Oil prices fell on Friday, setting up for a second weekly decline, as mixed economic signals weighed on investor sentiment and boosted the dollar. Brent crude prices fell by 51 cents, or 0.6%, to $84.50 a barrel by 0035 GMT. "Crude oil was under pressure amid a broader risk-off tone across markets," Hynes said. Oil prices found some support in the prior two sessions after the U.S. government reported a bigger-than-expected weekly decline in oil stockpiles.

Persons: Daniel Hynes, Hynes, Brent, WTI, FGE Organizations: Brent, . West Texas, U.S, ANZ, Reuters

☆ President Biden's reelection campaign is on its last legs as Democrats' fears extend beyond losing just the White House
▼ + stars: | 2024-07-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Biden's comeback plan isn't working , and Democratic leaders are ready to move on . President Joe Biden's reelection campaign appears to be on its last legs as calls within his party have grown from whispers to shouts since his disastrous debate last month. AdvertisementBut perhaps the biggest blow to Biden's reelection campaign came with the news that his former running mate has doubts. But for some Democrats, the risk of Biden continuing his reelection campaign could extend from the White House to Capitol Hill. Still, despite mounting pressure, Biden's campaign has remained steadfast about his reelection bid.

Persons: —, Biden's, Mario Tama, Tyler Le, Joe Biden's, it's, Insider's Brent D, Griffiths, Sen, Bernie Sanders, Biden, doesn't, That's, BI's Bryan Metzger, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, Sarah Gray, Kelsey Vlamis, Barack Obama, Kent Nishimura, don't, Schumer, Jeffries, Adam Schiff, Quentin Fulks, Cros, Steve Schwarzman, it'll, Michael M, Jensen, Goldman Sachs, Peter Naylor, Amy Reinhard, Jamie Dimon's, cushy, Ernst & Young, Joe Biden, Kamala Harris, It's, Harris, Harvey Weinstein, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, American Airlines, United Airlines, Democratic, Business, Getty, Trump, Biden, Capitol, Case, Senate, Wall, Google, Bank of America, Blackstone, Nvidia, Netflix, EV, Mercedes, Benz, Warner Bros Discovery, Warner Bros, Discovery, WarnerMedia, Investors, JPMorgan, McKinsey, Ernst, American Express, Convention Locations: Crowdstrike, Biden's, AFP, New York, London

☆ 9 foods that can boost your brain health — and don't cost more than $1 per serving
▼ + stars: | 2024-07-19 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +8 min

"Lifestyle has the most profound effect on brain health, more than anybody could imagine." "We think that if you take care of brain health, you've taken care of all health," he said. 9 evidence-backed foods for brain healthGreensSpinach, kale, "the darker the better," Sherzai said. But since a serving of berries is only half a cup, you can still probably squeeze in a serving for $1 or less. AdvertisementHerbs and spicesShutterstockCost: penniesEvidence: There are various reasons that seasonings can boost cognitive health.

Persons: —, Ayesha, Dean Sherzai, Sherzai, krblokhin, Brent Hofacker, chia Organizations: Service, Business, Publishing, Getty Locations: Chicago, chard, Brussels

Many people fail to adjust their retirement savings when their income grows. I started making my retirement savings strategy a priority, from automating monthly contributions to maxing out various savings vehicles, from 401(k) plans to SEP IRAs. Not adjusting your retirement savings with your lifestyleAnother retirement mistake? Consider a financial advisor. Finding a financial advisor doesn't have to be hard.

Persons: —, it's, Brent Weiss, there's, isn't, Jen Reid, Michael J, Ashley Feinstein Gerstley, you'll, Weiss, doesn't Organizations: Service, Yardley Wealth Management Locations: Roth

☆ JD Vance leans head first into Trump populism in his first major moment
▼ + stars: | 2024-07-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Read previewSen. JD Vance of Ohio on Wednesday railed against decades of American policy in his major national moment as the Republican vice presidential nominee. Like former President Donald Trump, Vance underlined a populist Republican Party to the point that he came out to a Merle Haggard hit that was written in protest of the war in Iraq. In selecting Vance, Trump eschewed the traditional considerations in finding a running mate. "He chose to endure abuse, slander, and persecution, and he did it because he loves this country," Vance said. AdvertisementLeft unmentioned and unexplored is how Trump's running mate once uttered some of those criticisms.

Persons: —, Sen, JD Vance, Ohio, Donald Trump, Vance, Merle Haggard, Donald J, Trump, George W, Bush, George H.W, Bill Clinton, Clinton, Biden's, Biden, Michael Tyler, Joe Biden, MAGA, Joe Biden's, Trumper, America's, It's Organizations: Service, Republican, Republican Party, Business, GOP, Democratic, Netflix, Harris, Senate, Marine Corps, NAFTA, Trump Locations: Iraq, Afghanistan, Middletown , Ohio, Michigan , Wisconsin , Pennsylvania, Ohio, Pennsylvania, Michigan, Wisconsin, Mexico, America

☆ Oil prices rise on bigger-than-expected drop in U.S. crude stocks
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +1 min

Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude rose 31 cents, or 0.4%, to $83.16. Lower interest rates often spark buying and boost oil demand. The European Central Bank, meanwhile, is all but certain to keep interest rates unchanged on Thursday, but signaled that its next move is likely to be a cut. A weaker dollar can boost demand for oil by making greenback-denominated commodities like oil cheaper for holders of other currencies.

Persons: Brent Organizations: U.S, West Texas, U.S . Energy, Administration, American Petroleum Institute, Federal, European Central Bank Locations: Brent, United States, Europe, China

☆ Biden has botched his comeback plan. Now the calls to replace him are growing.
▼ + stars: | 2024-07-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

President Joe Biden has not quieted the doubters in his party. A sprint of post-debate activity hasn't been the fix Biden hoped it would be. A new series of reports say top Democratic leaders privately told Biden that he's toast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden has desperately tried to convince his fellow Democrats that he's still their best hope in a furious three-week sprint after his disastrous debate.

Persons: Joe Biden, hasn't, Biden, —, he's, Adam Schiff of California, bigwigs, Chuck Schumer, Nancy Pelosi, Hakeem Jeffries — Organizations: Democratic, Service, Business

☆ U.S. oil holds to gains after three weeks of crude inventory declines
▼ + stars: | 2024-07-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. oil futures edged slightly lower on Thursday after jumping 2.6% in the previous session as crude inventories fell for the third week in a row. U.S. commercial crude inventories fell by 4.9 million barrels last week, though gasoline stocks rose by 3.3 million barrels and motor fuel demand weakened by 615,000 barrels per day. Here are today's energy prices:Falling oil inventories, geopolitical tensions in the Middle East, seasonal demand and expectations of lower interest rates have all coincided to push oil prices higher in recent weeks, Bart Melek, head of commodity strategy at TD Securities, told clients in a note late Wednesday. "However, we don't expect the current rally to be sustained," Melek said. But the market will be volatile as hurricanes, uncertainty in the Middle East, policy in China, and statements from OPEC all have the to potential to move prices, according to Melek.

Persons: Bart Melek, Melek, Brent Organizations: TD Securities, West Texas Intermediate Locations: China

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