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US Steel and Nippon Steel both indicated in statements that they’re open to legal fights to get the deal approved, no matter what actions is announced by Biden. Shares of US Steel (X) closed down 17.5% on the news at $29.37, well below the $55 a share that Nippon Steel agreed to pay for the stock back in December when the deal was announced. US Steel said the future of this and other union-represented plants at the company are at risk unless it gets approval to be purchased by Nippon Steel. US Steel says it has more than 3,000 employees in the state in its remaining steel mills along the Monongahela River just outside of Pittsburgh. The union says it doesn’t believe in the promises made by Nippon Steel so far and that it remains opposed to the purchase.
Persons: Joe Biden, Biden, , Biden’s, Kamala Harris, Donald Trump, JD Vance, Harris, David Burritt’s “, Gene J, Philip Gibbs, ” Gibbs, , Gibbs, “ You’re, you’re, CFIUS, Michael Leiter, Skadden’s CFIUS, ” – CNN’s Matt Egan Organizations: Washington DC CNN, Nippon, US Steel, White, Foreign Investment, White House, Treasury, Steel, Nippon Steel, “ Nippon Steel, Washington Post, Labor, United Steelworkers, Justice, KeyBanc, CNN, steelworkers, “ Nippon, National Security Locations: United States, Japan, American, Pittsburgh, shoring, Gary , Indiana, , Clairton , Pennsylvania, Pennsylvania, Monongahela, America
When Taco Bell announced the event back in July, it invited hundreds of fast-food lovers to slow down and enjoy "early retirement" with all-you-can-eat Taco Bell meals and "senior-inspired recreation." Hanging among the racks were limited-edition Taco Bell merchandise, vintage T-shirts, basketball shorts, hot pants, and many, many hats. I opted for the Cantina chicken burrito and soft taco, my favorite new menu items at Taco Bell. Tim revealed he was an avid runner who had trekked two miles to grab a single taco from Taco Bell for 97 days in a row. Anneta Konstantinides/Business InsiderWhen I asked Rotter why Taco Bell was so important to him, he recalled a trip to the only Taco Bell in Hawaii that sells kalua pork, where the staff lit up over his Hawaiian Taco Bell shirt.
Persons: , Taco, Taco Bell, Uber, tacos, Kenny Rotter, Rotter, fanny, there's, Snoop, I've, Anneta, Taylor Montgomery, Taco Bell's, Montgomery, Dolly Parton, Bell, Gen Z, Tim, dink, influencer Joey Zauzig, Zauzig, Will, James, Caroline Organizations: Service, Taco Bell, Bell, Business, New York, Subway, Planters, KFC, Mac Locations: San Diego, La Valle, San Diego's, Santa Fe, Los Angeles, San, Woodstock, LA, Taco, Hawaii, America
I very much wanted to visit Champagne. We even took our drinks to the playroom where my daughter crafted an elaborate imaginary adventure with a stuffed giraffe. The Champagne houses were also kid-friendlyI was equally delighted when booking our visits to the Champagne houses. At Champagne Ayala, a winery in village Aÿ, my daughter played tour guide with our actual tour guide. We visited a small grower Champagne house, a word for wineries run by those who own the vineyards.
Persons: , Dame de Reims, Champagne Ayala, Dom Perignon, Lady Gaga, Lenny Kravitz, Champagne Michel Gonet's Villa Signolle, Pamela Druckerman, United States — Organizations: Service, Business, Champagne, Notre, Dame, Dom Locations: Napa Valley , California, France, Paris, Champagne, Reims, Paris's, Aÿ, Hautvillers, American, United States
While expectations are high and caution is certainly warranted, we don't think it's quite that simple. While the Oscillator and Williams' work do point to possible selling pressure ahead, we don't want to get too bearish. However, we don't think the risks are so elevated as to warrant more than a small cash raise. We still view Nvidia as an "own it, don't trade it" stock, but we also don't keep our heads in the sand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Larry Williams, Williams, Jim, Estee Lauder, Morgan Stanley, hasn't, they've, We're, Jim Cramer's, Dominika Organizations: Nvidia, Club, Abbott Laboratories, Federal, Blackwell, Apple, Microsoft, Super Six, Jim Cramer's Charitable, CNBC, Nurphoto, Getty Locations: Williams
Janet Mills launched the commission a month after the Oct. 25 shooting killed 18 people at a bowling alley and a bar. Wathen said the commission's investigatory process was slowed by Army bureaucracy in obtaining information but that the military remained cooperative. But the sergeant said law enforcement was stymied at the time because Card refused to answer his door. There were also communication gaps between the Army and the civilian hospital, the report found, which can be improved in future cases. The military in its report denied that any brain-related injury was linked to his military service.
Persons: Robert Card, Janet Mills, Daniel Wathen, Wathen, Robert F, Card's, Mills, ideations, Ben Gideon, Gideon, Cara Lamb Organizations: Army, U.S, Sheriff's, Card's Army Reserve, Card, Keller Army Community Hospital, Maine Gov, Maine State Police, Department of Defense Locations: Lewiston , Maine, West Point , New York, West Point, Maine
Israeli Prime Minister Benjamin Netanyahu introduced new conditions that complicated negotiations aimed at freeing hostages and suspending fighting in the Gaza Strip in May, according to U.S. and foreign officials. The cease-fire talks, with Israel represented by the head of its intelligence service and other officials, had advanced close to an agreement. The war in Gaza between Israel and Hamas was sparked by Hamas’ terrorist attack in Israel on Oct. 7, which killed 1,200 people, most of them civilians. About 40,000 Palestinians have died in Gaza since Israel launched its retaliatory military operation in the enclave, according to local health officials. In a statement Sunday, Hamas said Israel had added new conditions to an earlier proposal that revealed its intention to continue its “aggression” in Gaza and sabotage a possible cease-fire agreement.
Persons: Benjamin Netanyahu, Netanyahu, “ Netanyahu, Israel, , Iran’s, Ismail Haniyeh, Fazil Abd Erahim, “ It’s, there’s, Haniyeh Organizations: The New York Times, NBC News, Sky News, State Department, Anadolu Agency, Getty, Israel Defense Forces, Biden Locations: Gaza, Israel, U.S, Qatar, Egypt, Jerusalem, Lebanon, British, Tehran, Algiers, Algeria, Iran
A ship in the Red Sea was targeted in a third attack suspected to have been carried out by Yemen’s Houthi rebels Tuesday in their campaign of assaults over the Israel-Hamas war, officials said. The Houthis have targeted more than 70 vessels with missiles and drones since the start of the war in Gaza in October. Other missiles and drones have been either intercepted by a U.S.-led coalition in the Red Sea or failed to reach their targets. After the strikes, the Houthis paused their attacks until Aug. 3, when they hit a Liberian-flagged container ship traveling through the Gulf of Aden. Additional F-22 fighter jets have flown into the region, while the USS Wasp, a large amphibious assault ship carrying F-35 fighter jets, is in the Mediterranean Sea.
Persons: Yemen’s Houthi, Ismail Haniyeh, Ambrey, Abraham Lincoln, Theodore Roosevelt Organizations: U.S . Navy, British military’s United Kingdom Maritime Trade Operations, Liberian, U.S ., USS Locations: Israel, Iran, Asia, Europe, Hodeida, British, Gaza, U.S, United States, Tel Aviv, Aden, America, USS Georgia, Gulf of Oman
At least one person was killed and two were injured after a house in Maryland exploded Sunday morning, according to the Harford County Fire and EMS Association. Video and pictures from the scene show that the house was completely destroyed and left piles of debris in the surrounding area. There were around 60 personnel from multiple fire and emergency service agencies on scene to assist with the explosion, Sexton said. The Harford County Sheriff’s Office and the Bureau of Alcohol, Tobacco, Firearms and Explosives are also helping with the investigation. “Currently, it is still a very active search and rescue scene,” Alkire said.
Persons: Oliver Alkire, Jeffrey Sexton, I’ve, ” Alkire, Sexton, It’s, , Alkire, Lisa Czawlytko, ” Czawlytko Organizations: Fire, EMS Association, Baltimore Gas and Electric Company, Sheriff’s, Alcohol, Tobacco, Firearms, Explosives, , NBC Locations: Maryland, Harford, Harford County
South Korea’s military says North Korea is again flying balloons likely carrying trash toward the South, adding to a bizarre psychological warfare campaign amid growing tensions between the war-divided rivals. South Korea’s Joint Chiefs of Staff said Saturday that the winds could carry the balloons to regions north of the South Korean capital, Seoul. North Korea last flew balloons toward the South on July 24, when trash carried by at least one of them fell on the South Korean presidential compound, raising worries about the vulnerability of key South Korean facilities. The balloon contained no dangerous material and no one was hurt, South Korea’s presidential security service said. Experts say North Korea hates such broadcasts because it fears it could demoralize front-line troops and residents.
Persons: Kim Jong, Kim Organizations: Korea’s, Chiefs, Staff, Seoul City Hall, South Korean Locations: North Korea, Seoul, Gyeonggi, Pyongyang, South Korea, Korea, Washington, United States, Japan, China, North Korean, Russia
CNN —The galaxy far, far away is about to add another starry member to its ranks. Oscar-nominee Jude Law was on hand in Anaheim, California on Friday night at D23 – Disney’s massive fan expo that drew a crowd of 12,000 – to present “Skeleton Crew,” a new “Star Wars” series set to premiere on Disney+ in December. Ahead of unveiling the first-look trailer, Law billed the new series as “a timeless adventure story in the spirit of the Amblin coming-of-age films from the ’80s,” mentioning 1985’s “The Goonies” and “E.T.” from 1982 as examples. Things take a decidedly “Goonies”-style turn when the band of misfit youths stumble on a hidden fortress in the forest, where water slides, skeletons and adventure await. “Skeleton Crew” will stream with a two-episode premiere on December 3 on Disney+.
Persons: Jude Law, , , “ You’re, , Law – Organizations: CNN, Disney, Locations: Anaheim , California
Brian Kemp has shown Republicans how they win in the increasingly purple swing state. I just want them to do their job for Georgia," Trump said of the Kemps during an August 3rd rally in Atlanta. But Trump's renewed feud with Kemp illustrates how, at any moment, the former president can harm his own standing. Unlike Harris, Trump is relying far more on outside groups to push the type of canvassing and get the out efforts expected of a presidential campaign. On Friday, Kemp offered another olive branch while jokingly comparing Trump to Tropical Storm Debby, which slammed the state.
Persons: , Brian Kemp, Donald Trump, Kemp, Marty Kemp, Joe Biden, Trump, Kamala Harris, Harris, Harris wasn't, He's, Sen, Lindsey Graham of, It's, Brian Kemp's, Erick Erickson, hasn't, Cook, Stacey Abrams, Erickson, Kemp didn't, couldn't, wouldn't, Debby Organizations: Service, Business, Trump, Gov, Fox, White House, State, White, Electoral, AARP, Georgia, Democratic, Republican, Republicans, Georgia's, Mar, Tropical, Senate Locations: Georgia, Atlanta, Lindsey Graham of South Carolina, Nevada, Arizona
I realized I needed to take pictures and document and little videos because nobody would believe it unless I did. I started a WhatsApp group where I shared reflections and stories almost like a diary or journal entry. The capacity of the hospital was supposed to be between 150 and 200 people, and there were 700 patients in that hospital. Today Deir al Balah, the area I’m in, was bombed, resulting in a massive mass casualty event at the hospital. A little girl lay on a cardboard box.
Persons: Shrapnel, Nabil, Mohammed, Deir al Balah, gurney, Farrah, he’s, Anas, Khan Younis, It’s, I’ve Locations: Deir, Khan
Underneath the blast door stands one of the most powerful weapons in the US inventory, a Minuteman III intercontinental ballistic missile. But unlike the other two parts of the triad – strategic bombers and ballistic missile submarines – the ICBM launch facilities are fixed positions. Last year, the commander of US Strategic Command told Congress that China has more land-based ballistic missile launchers than the US. Russia has been carrying out military exercises involving its tactical nuclear weapons, as President Vladimir Putin has repeatedly threatened to use nuclear weapons since invading Ukraine. That complexity, Schlabach argued, drives the need for modernizing the ballistic missile fleet.
Persons: , James Schlabach, Evelyn McCoy, Joseph Cambio, Nunn, McCurdy, William LaPlante, Vladimir Putin, Kim Jong Un, Antony Blinken, Schlabach, ” Schlabach Organizations: North Dakota CNN, Minuteman III, Minot Air Force Base, Minuteman, Air Force, 91st Missile, CNN, , Cuban Missile Crisis, The Air Force, Sentinel missile, Defense, Sentinel, Strategic Command, Congress, Soviet Union Locations: Minot, North Dakota, Dakota, it’s, Russia, China, Ukraine, Pyongyang
Yet it’s no longer enough for the security-conscious billionaire to stick an impenetrable safe room in the basement where it might sit empty forever. Courtesy SAFEThe house itself, Corbi said in an interview via Zoom, is ultra-secure with the blast-proof doors, unbreakable windows and biometric door-entry systems. Even 50 years ago, he says traditional bunkers looked like high-end hotels — “kind of like the Ritz Carlton, underground”. For hundreds of thousands, prefabricated modular steel bunkers can be dropped into the ground under a new-build house. The days when you can throw a first aid kit in a prefab bunker and say you’re safe are long gone.”
Persons: “ We’ve, , Al Corbi, ” Corbi, Mukesh Ambani, Anant, Corbi, Mark Zuckerberg, Bill Gates, Noemi Cassanelli, CNN Graham Harris, Harris, they’re, Covid, Naomi Organizations: CNN, SAFE, Ritz, Carlton, Ritz Carlton, Creative Home Engineering Locations: Virginia, Mumbai, Hawaii, London, Highgate, Arizona —
In the three hours after Walz became the VP nominee, Dems raised $6.6 million. Walz leaned on his progressive policies and background as a teacher in his first fundraising blast. Go to newsletter preferences Thanks for signing up! The news that Harris selected Walz dropped just after 9 am — Business Insider published an article at 9:22 a.m. Eastern Time — and fundraising immediately spiked. This story is available exclusively to Business Insider subscribers.
Persons: Walz, Dems, , Tim Walz, Kamala Harris, Harris Organizations: Service, Democratic, Politico, Business
In the United States the atomic bombs signaled military victory. In the United States the atomic bombs signaled military victory. They are the surviving victims of the American atomic bomb attack 79 years ago. A view across the Motoyasu River of the Atomic Bomb Dome in Hiroshima. Countries like the United States, China and Russia are spending trillions of dollars to modernize their stockpiles.
Persons: Gallup, Organizations: Red, Smithsonian Locations: United States, Japan, Hiroshima, Nagasaki, United, China, Russia
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Warren Buffett's Berkshire Hathaway, Buffett, Jim, We're, Wells, Jim Cramer's Organizations: CNBC, Dow Jones Industrial, Big Tech, Apple Locations: Wells Fargo, Wells
Here's Jim Cramer's market sell-off playbook
  + stars: | 2024-08-05 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com   time to read: +3 min
watch nowCNBC's Jim Cramer shared his playbook for the brutal global market sell-off on Monday. Identify what's actually wrongAlthough the global sell-off hit U.S. markets hard, "the epicenter of the damage" was Japan, Cramer said. The sell-off started when Japan's stock market posted its worst drop since the stock market crash of 1987 known as Black Monday. The sell-off is sparked by money managers who think the Federal Reserve should have cut rates last week. Investors can also take advantage of the decline in interest rates and buy stocks that yield more than 4%, Cramer said.
Persons: Jim Cramer, Cramer, Blackwell, Warren Buffett, Berkshire Hathaway, you'd, Banks, Morgan Stanley, haven't, Harris, Biden Organizations: Dow Jones, Nasdaq, Berkshire, Apple Locations: U.S, Japan
Beirut, Lebanon CNN —When our plane finally took off from Beirut, it was nearly an hour late. Before departing for the airport, we held each other extra tight, not sure when we would see each other again. Moments later, the Israeli military carried out a “targeted strike” in southern Beirut, roughly 10 minutes’ drive away. The next day, the hills shook with the sound of sonic booms as Israeli war planes broke the sound barrier overhead. The CNN team in Beirut later confirmed reports that Israeli warplanes had broken the sound barrier in skies over Lebanon.
Persons: Angelina, Ghenwa, Hussein, Kayta, Ivan Watson, Benjamin Netanyahu, , Katya, Israel, Fu’ad Shukr, Ismail Haniyeh, hasn’t, Mayyas, Lebanon’s Virgin Radio haven’t, Jack Sleiman, Taym, It’s Organizations: Lebanon CNN, Airlines, Hezbollah, CNN, Israel’s, America’s, Lebanon’s Virgin Radio Locations: Beirut, Lebanon, Israel, Golan, Lebanese, Harat, Tehran . Iran, Gaza, Tel Aviv , Washington, Tehran, Beirut’s
“Deadpool & Wolverine” is dominating the charts again after earning $28.3 million on Friday. Rivals are putting the Disney release at a 55% drop though, demonstrating that “Deadpool & Wolverine” has immense appeal beyond Marvel diehards. “Deadpool & Wolverine” looks to blast past that figure in only in its second weekend and there’s no real signs of slowing down after that. Universal also has another top five slot with “Despicable Me 4,” still drawing a crowd in its fifth weekend of release. Total domestic gross surpassed $300 million earlier this week — one of only three titles this year to notch that milestone.
Persons: Marvel Jesus, “ Deadpool, , Ryan Reynolds, Hugh Jackman, Deadpool, Marvel, , Josh Hartnett, he’s, “ Harold, Zachary Levi Organizations: Disney, Warner Bros, Universal Locations: “ Kingdom
After a rule recently imposed by Israel, however, I’m no longer allowed to lend my medical expertise to help in Gaza. The medical mission I was part of, sponsored by an aid group called ‘FAJR’ Scientific, took place at the European Gaza hospital in Khan Younis, a facility that has since been evacuated. AFP/Getty ImagesI was born in a refugee camp in Gaza four years into the first Palestinian Intifada. Israeli policy has made giving back impossible, however. The denial of a Palestinian doctor’s right to volunteer — in the process hindering the delivery of humanitarian efforts — is an affront.
Persons: Ali Elaydi, Khan Younis, I’m, I’d, Dr, , Gaza —, Ali, they’ve, it’s, , Abdullah Ghali Organizations: CNN, Yale, FAJR, Scientific, Gaza, Getty, Palestinian, United, United Nations, World Health Organization Locations: Texas, Gaza, Israel, Khan, Jordan, AFP, United States, That’s, Territories
At least 32 civilians were killed and 63 injured in an explosion on a popular beach in the Somali capital Mogadishu late on Friday evening, police said, an attack blamed by Somali state media on the militant Islamist group al Shabaab. There was no immediate claim of responsibility by the al Qaeda-linked al Shabaab, which has claimed similar attacks in the past, including the car bomb attack in 2022. Police spokesperson Abdifatah Aden gave the death toll in Friday evening’s explosion at a beach restaurant. In addition to the civilians killed, Aden said that one of the attackers had blown himself up while three others had been killed by security forces. Al Shabaab controlled a vast area of Somalia before being pushed back in government counteroffensives since 2022.
Persons: Abdifatah Aden, Aden, SONNA, al, Hassan Farah, , , Shabaab, Hassan Ali Khaire Organizations: Police, Reuters Locations: Somali, Mogadishu, Shabaab, Horn of Africa, Somalia
Read previewChinese scientists claim that it's possible to destroy satellites — including SpaceX's Starlink system — using lasers mounted on submarines. Chinese researchers envision the solution as flotillas of mass-produced laser subs that could be dispatched to oceans around the world. They would wait for tracking data from other non-submarine platforms to determine when a target satellite is overhead. In addition to destroying satellites, these subs could also blast aircraft or land targets such as radars and oil refineries. Laser subs could also shield China's ballistic missile submarines from detection.
Persons: , Chris Carlson, Carlson, Michael Peck Organizations: Service, navy's Submarine Academy, Business, China Morning, US Navy, Defense Intelligence Agency, Communications, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Hong, Russia, Ukraine, Forbes
Aged 20 to 28, two of the kids have mortgages and all the expenses that go with owning a property. We offered each of the kids enough money toward their airfares to cover flying to Europe. The offer was extended to the kids' partners, too. For Andrew and me, sharing adult time with our kids and their partners without the distraction of work and rushing was wonderful. It was also lovely to observe our adult kids interact with their siblings and their partners.
Persons: , Andrew, Let's, Martina Franca, we're Organizations: Service, Business, Lecce Locations: Melbourne, Australia, Europe, Puglia, Alberobello, Monopoli, Matera, Italy
CNN —President Joe Biden acknowledged to reporters Friday morning that he and Vice President Kamala Harris have spoken about her upcoming decision on a vice presidential running mate. Biden is a “big fan of Shapiro’s,” a senior adviser to the president told CNN. In January, Walz was among a group of Democratic elected officials that joined Biden at an infrastructure event in Superior, Wisconsin. Harris is in the final stages of choosing her running mate and is expected to meet with the top finalists – including Walz, Shapiro, Kelly, Kentucky Gov. Harris and her vice presidential pick will spend next week campaigning across the battleground states, starting with a Tuesday night rally in Philadelphia.
Persons: Joe Biden, Kamala Harris, I’ll, ” Biden, Biden, Harris, Josh Shapiro, , Shapiro, Tim Walz, Walz, “ Biden, chuckled, Arizona Sen, Mark Kelly, Harris ’, Gabby Giffords, Jaime Harrison, Kelly, Andy Beshear, Pete Buttigieg, JB Pritzker Organizations: CNN, Democratic, Pennsylvania, Minnesota Gov, Biden, Earth Rider, Arizona, Kentucky Gov, Illinois Gov Locations: Pennsylvania, , Superior , Wisconsin, Kentucky, Philadelphia
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