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☆ Harris-Trump debate highlights and Hurricane Francine approaches Louisiana: Morning Rundown
▼ + stars: | 2024-09-11 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +7 min

And while Trump tried to tie Harris to President Joe Biden, he learned that she is a much tougher rival. While Trump tried to re-create the conditions of June’s fateful debate stage matchup, Harris reminded him, “You’re not running against Joe Biden. Harris tried to get under Trump’s skin, baiting him into a defensive posture that prevented him from attacking her weaknesses. And when Trump scolded Harris’ attempt to interrupt him, some allies lamented that he lost control at a key moment. Three Republican sources told NBC News after the debate that Trump came off as “angry” in that moment.

Persons: Kamala Harris, Donald Trump’s, Francine churns, Harris, Donald Trump, Trump, Joe Biden, “ You’re, You’re, ” Harris, Harris ’, ” Trump, Louisiana Hurricane Francine, Joe Wilson of, ”, Republican Kelly Ayotte, Joyce Craig, Mauricio Pochettino, Dave Grohl, Hill, Jesse Dittmar, James Earl Jones ’, Darth Vader, Jones, Char Adams, — Joy Y, Wang, Dermatologists, Elizabeth Robinson Organizations: Trump, Republican, NBC News, Federal, Labor Statistics, Louisiana Hurricane, Public, Novo Nordisk, Foo Fighters, Police, Miami Dolphins, NBC Locations: Louisiana, Ohio, New Orleans, Mississippi, Novo, semaglutide, Wegovy, Joe Wilson of South Carolina, Washington, ” New Hampshire, Ukraine, Russia

☆ Here's why the stock market is throwing a tantrum about new inflation data
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Core inflation rose unexpectedly, dashing hopes for a bigger rate cut from the Fed. US indexes slumped on Wednesday, with the Dow dropping as much as 600 basis points in the early morning as traders took a mixed-bag of inflation data. That's the lowest headline inflation rate recorded since early 2021. On the other hand, cutting interest rates by just 25 basis points means higher for longer interest rates. "Today's inflation data cemented in a 25 basis point cut next week 50 basis points in out the window," she added.

Persons: —, Julian Howard, Gina Bolvin, Preston Caldwell, Chris Zacarelli Organizations: Fed, Traders, Service, Dow, of Labor Statistics, GAM Investments, Bolvin Wealth Management, Labor Department, Morningstar, Independent

☆ A Marine vet fatally subdued a screaming man on a NYC subway. Now, a secret video has emerged — but there's a catch.
▼ + stars: | 2024-09-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. As Daniel Penny prepares for his October 21 manslaughter trial, this husband and wife have emerged as key but reluctant witnesses. "They have so far refused to share the video they took," the judge continued. Juan Alberto Vázquez/ReutersTo date, the judge noted, the pair has only agreed to meet with the DA a few times, via video. In a court filing on Monday, prosecutors conceded that there was a "synthetic cannabinoid present in his blood at autopsy."

Persons: —, who'd, Daniel Penny, Penny, Jordan Neely, Maxwell Wiley, Juan Alberto Vázquez, Thomas Kenniff, Kenniff, choke Neely, Neely, Michael Jackson, Dafna Yoran, Yoran Organizations: Service, Marine, Business, Reuters, Prosecutors Locations: Manhattan, New York City, Europe, United States, Long

☆ Preparing for the apocalypse: Why collaboration is essential
▼ + stars: | 2024-09-11 | by ( Jessica Dulong | ) edition.cnn.com time to read: +11 min

"A Field Guide to the Apocalypse" notes that humans usually step in and help one another when a disaster strikes. Athena Aktipis: The ancient Greek definition is “a revealing,” so an apocalypse is any event that reveals the risks we’re facing. CNN: What role have apocalypses throughout history played in what you call humans’ “apocalypse resistance”? All those things help us get through, as they have throughout our evolution. Chalking this up as part of apocalypse prep can be a great way to carve out more time.

Persons: you’ll, Workman, Athena Aktipis, ”, Aktipis, We’re, Lindsay Mills, we’ve, you’re, It’s, we’ll, Jessica DuLong Organizations: CNN —, World Trade, Times, Arizona State University, CNN, Lindsay Mills CNN, paragon Locations: Lower Manhattan, Manhattan, Arizona, New Mexico, Brooklyn , New York

☆ Goldman says watch out for more drawdowns, but the risk of a bear market is still low
▼ + stars: | 2024-09-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For investors who just weathered a bout of summer turbulence, Goldman Sachs said expect more patchiness in stocks, but believes the bull market will remain intact. "However, we think the risk of a bear market remains low with relatively low recession risk, helped by a healthy private sector and central bank easing." The stock market benchmark has since recouped much of the losses, recently trading some 3.4% below its July 16 all-time high. A bear market represents at least a 20% decline from the S & P 500's record high, while even a correction would amount to a 10% drawdown. … Encouragingly, though … we are not staring at a severe slowdown," Bank of America said in a note to clients on Tuesday.

Persons: Goldman Sachs, Christian Mueller, Goldman, Mueller, Glissmann, … Organizations: U.S, Bank of America, Federal Reserve Locations: U.S

☆ Being a police officer is one of America’s hottest jobs right now
▼ + stars: | 2024-09-09 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

The health care industry is still the leading job creator, though law enforcement is also seeing some momentum. A sizable chunk of those openings are in law enforcement. She added that there’s also been a huge spike in job postings on ZipRecruiter listing “law enforcement” as a desired skill. Bayer started the police officer application process with some reservations but eventually became convinced he was doing the right thing. But that could change if the job market keeps sliding.

Persons: George Floyd’s, That’s, ”, Julia Pollak, there’s, Ed Wessing, Mesa, “, ” Wessing, “ That’s, Johnathan Severs, Ramonedward Bayer, Bayer, ” Bayer, Seattle . Pollak, ZipRecruiter Organizations: Washington CNN, Labor Department, Police, CNN, “ Police, Mesa Police, The Mesa Police Department, Mesa, Hire, US Army, Seattle Police Department Locations: Phoenix, Mesa, Gilbert, Scottsdale, Chandler, Tempe, Colorado Springs , Colorado, Seattle

☆ America's shopping spree is over and retailers are facing a new world of cautious consumers
▼ + stars: | 2024-09-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewAmerica's wild, multi-year shopping spree has come to an end — and retailers who got used to Americans dropping cash on just about everything are in a tough spot. US retail sales came in stronger than expected in July, with Americans spending more overall compared to the prior month, according to Census data. Around 40% of consumers said they planned to pare back spending on accessories, home decor, jewelry, and furniture, per McKinsey's survey. We're now back in an environment where good retailers, strong brands that offer compelling value … will benefit," Siegel said. In the meantime, that could mean more pain for retailers, Siegel said, speculating that many were caught by surprise by the shift in consumer sentiment.

Persons: —, Ted Rossman, Rossman, pare, Simeon Siegel, Siegel, We're, SPDR Organizations: Service, Business, McKinsey & Company, Bankrate, Customers, BMO, Challenger, Walmart, Target, San Francisco Fed, Primerica Locations: FactSet

☆ Fontana, California: Police pressured him to confess to a murder that never happened
▼ + stars: | 2024-09-05 | by ( Rachel Clarke | Shimon Prokupecz | ) edition.cnn.com time to read: +35 min

The medication, it took over, and we need to find Daddy right now.”Later, Perez asked for medical attention. She knows, because she was walking through all the blood.”Time and again they asked Perez to imagine what could have happened. “They picked me up, they read me my rights and my mind’s going, ‘What’s going on?’,” the elder Perez told CNN. The elder Perez told CNN the samples had been identified as coming from a male, but that was all. Harrell, whose office is counsel to the city of Fontana, asked CNN to return any video it had, unaired.

Persons: California CNN — Tom Perez, Perez, ” Perez, “, Tom Perez, —, “ Papa Tom ” —, Margo —, Margo, …, That’s, ”, Joanna Piña, Cpl, Sheila Foley, Piña, ” Foley, Robert Miller, Miller, PEREZ, Fontana, David Janusz, Kyle Guthrie, Guthrie, Thomas —, Perez —, Janusz, berate Perez, Dolly Gee, ” Guthrie, “ Thomas, that’s, ” Janusz, Jeff Noble, . Miller, ” Noble, They’re, Mr, where’s, Perez’s, Carl Peraza, Peraza, Tom, ” Peraza, Police badgered Perez, ‘, ’ Janusz, … You’re, Thomas, Thomas ’, you’re, Judge Gee, “ She’s, ” Tom Perez, Noble, — Perez, Father, Thomas Perez, Miranda, ‘ What’s, Papa Tom, Jerry Steering, he’d, they’ve, it’s, Shel Harrell, Harrell, ” Judge Gee, Ruben Duran, ” Duran, he’s, Fontana Guthrie, Michael Dorsey, Perez Jr, Dorsey, there’s, CNN it’s Organizations: Fontana, California CNN, CNN, Fontana Police Department, THE, US, ” Police, Police, that’s, Los Angeles International Airport, City of, City Locations: California, Fontana , California, Fontana, Los Angeles, Oakland , California, Northern California, City of Fontana, “, United States

☆ Where are low-cost airlines cutting back now? New planes
▼ + stars: | 2024-08-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

In this article SAVEULCCJBLU Follow your favorite stocks CREATE FREE ACCOUNTJetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Airlines flooded the U.S. with flights this year, driving down fares particularly in the domestic market, where low-cost carriers concentrate, and weighing on carriers' revenue while costs have gone up. Spirit Airlines , JetBlue Airways and Frontier Airlines last posted annual profits in 2019, while larger carriers have returned to profitability. Now, some of those same airlines are dialing back their growth plans and deferring deliveries of new aircraft. Some airlines, like Frontier, have been active in sale-leasebacks, in which they sell planes to generate cash and lease them back.

Persons: Gary Hershorn, Cash, Barry Biffle, Biffle, Joanna Geraghty, —, AerCap, Gus Kelly, Eddy Pieniazek, Pieniazek, Alwyn Scott Organizations: JetBlue Airways, Spirit Airlines, United Airlines, Newark Liberty International Airport, Corbis, Getty Images Airlines, Frontier Airlines, roundtrip U.S, Airbus, New York, Pratt & Whitney, JetBlue, Airlines, Aircraft, Boeing, Max, Air Lease Locations: Newark , New Jersey, U.S, Mobile , Alabama

☆ Increased sausage demand could be worrying signal on the economy
▼ + stars: | 2024-08-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There has been "modest growth" in the dinner sausage category for one producer, according to the Dallas Federal Reserve's Texas Manufacturing Outlook Survey released Monday. "This category tends to grow when the economy weakens," the respondent said, according to edited comments included in the Dallas Fed's report. That is because "sausage is a good protein substitute for higher-priced proteins and can 'stretch' consumers' food budgets." This anecdote pointed out by eagle-eyed Bespoke Investment Group on social media site X comes as grocery prices remain top of mind for consumers.

Persons: Fred Meyer Organizations: Dallas Federal, Texas Manufacturing, Dallas Locations: Kroger, Palmer , Alaska, An

☆ Burned and uninsured: Wildfires are leaving California’s housing market in trouble
▼ + stars: | 2024-08-18 | by ( Shania Baweja | Taylor Galgano | ) edition.cnn.com time to read: +8 min

That’s made home insurance increasingly unaffordable or even inaccessible – and that’s leaving more people in the same position as the Daneaus. California’s largest insurer, State Farm, requested a 30% rate increase for its homeowner’s line last month. Last year, California Insurance Commissioner Ricardo Lara reached an agreement with insurers with an aim to cover approximately 85% of properties in high-risk areas. “[My insurance plan] wasn’t canceled but my insurance company increased the rates quite a bit,” she said. But he cautioned there’s no guarantee of that, leaving homeowners like the Daneaus grappling with uncertainty.

Persons: Los Angeles CNN —, Michael, Kristy Daneau’s, Kristy, Michael Daneau, Kristy Daneau, That’s, “ We’re, ” Michael, ”, aren’t, Justin Sullivan, California’s, it’s, ” Michael Daneau, Ricardo Lara, Kristy Daneau's, what’s, Steve Hawks, Woolsey, Angela Wilson, LAEPF, Wilson, Brent Woodworth, there’s, “ I’m, we’ve, CNN’s Camila Bernal, Sarah Moon Organizations: Los Angeles CNN, Gas & Electric, Insurance Information Institute, California Department of Insurance, Farm, State, CNN, FAIR, California FAIR, California, Golden State, The Insurance Institute for Business & Home Safety, Institute for Business & Home Safety, for Business & Home, Los, Emergency Preparedness Foundation Locations: Cohasset, California, Paradise , California, Santa Monica, Malibu

July marked a third straight month that egg prices rose on an annual basis, a reversal from a year of relative decreases. The culprit was a continued battle against the highly pathogenic avian influenza, known in short as HPAI or the bird flu. Inflation in egg prices became a focus for consumers during the pandemic given their ubiquity in everyday cooking. The bird flu had a historic outbreak in 2022 and surged once again at the end of 2023. That can underscore the impact of any bird flu outbreaks on the prices customers see on grocery store shelves.

Persons: Luke Sharrett, Caitlinn Hubbell, Hubbell, resurgences Organizations: Bloomberg, Getty, Purdue University's Center, Food, Bureau of Labor Statistics Locations: West Lafayette , Indiana, Colorado, California

☆ Older Americans prepare themselves for a world altered by artificial intelligence
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

Artificial intelligence offers significant benefits for seniors, from the ability to curb loneliness to making it easier for them to get to medical appointments. I’m too old to worry about that.”Classes like these aim to familiarize aging early adopters with the myriad ways the technology could better their lives but also encourage skepticism about how artificial intelligence can distort the truth. What are the geopolitical implications of artificial intelligence? Seniors who have taken such AI classes said they came away with a clear understanding of AI’s benefits and pitfalls. You really have to question it,” said Linda Chipko, a 70-year-old who attended an AI class in June in suburban Atlanta.

Persons: ”, “, Barbara Winston, Winston, “ I’m, Michael Gershbein, Gershbein, Dianne Stone, Siwei Lyu, Lyu, Linda Chipko, Chipko, “ It’s, Ruth Schneiderman, ” Schneiderman Organizations: North Shore Senior Center, AARP, AI, National Council, Aging, University, Buffalo, Seniors Locations: NORTHFIELD, Ill, Chicago, Northfield, “, Charleston , South Carolina, Connecticut, Atlanta

☆ Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan
▼ + stars: | 2024-08-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Russian banks are running low on yuan, Bloomberg reported. AdvertisementAn intensifying supply crunch in the Chinese yuan has pressured Russians to embrace a costlier method of securing the needed currency, Bloomberg reported. With the yuan liquidity shortfall doubling, Russian firms have grown increasingly dependent on yuan swaps provided by the Bank of Russia, Bloomberg said, but borrowing the yuan this way comes at a higher rate. This hasn't stopped yuan swap activity from ballooning. But even before the fresh sanctions package took effect this summer, Chinese banks were already halting yuan payments with Russia over fears of Western repercussions.

Persons: That's, —, Bloomberg, Jake Sullivan Organizations: Bloomberg, Service, Bank of Russia, US, Treasury Department, National, Carnegie Russia Eurasia Center Locations: Moscow, Beijing, Russia, Ukraine, China

☆ What are the best galleries in New York? Artists choose their favorites
▼ + stars: | 2024-08-12 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

CNBC asked artists to name their top New York galleries, ranging from the well-known to the underground. London-based screen-printing artist Diego Arellano likes Manhattan's Chelsea galleries for their large rooms and high ceilings. Hauser & Wirth has two Chelsea galleries, and both are currently showing work by Hungarian-born U.S. artist Rita Ackermann. The Dia Chelsea gallery in New York City will show an exhibition by British filmmaker Steve McQueen in September. Dia Chelsea | Elizabeth FelicellaBrooklyn resident and artist Zhuo Xiong also favors Chelsea galleries.

Persons: Sean Zanni, Patrick Mcmullan, Diego Arellano, Dia, Arellano, Dia Chelsea, Steve McQueen, Wirth, Rita Ackermann, The Dia, Elizabeth Felicella, Zhuo Xiong, Chelsea —, David Zwirner, Xiong, Wendy Olsoff, Penny Pilkington, Edward Akrout, Akrout, Sasha Maslov, Solomon, Eugene Gologursky, Kate Lewis, Matisse, Hopper, Degas, Henri Matisse, Edgar Degas, Edward Hopper, Lewis, Whitney, Metropolitan Museum of Art Xiong, —, gallerists Akrout, Rob Kim Organizations: Whitney Museum of American Art, Getty, Metropolitan Museum of Art, of Modern Art, Art Newspaper, CNBC, Chelsea, Hauser & Wirth, Hauser, The, Tribeca, New, Arellano, Whitney, MoMA, Guggenheim, Whitney Museum of American, Guggenheim Museum, Solidarity, Museum of Modern Art, Maison, Broadway, Swiss Institute Locations: New York City, York, New York, London, Hungarian, The Dia Chelsea, British, Elizabeth Felicella Brooklyn, Chelsea, Tribeca, Ukraine, Mriya, Meatpacking, Manhattan, Midtown, Inner Mongolia, Chinatown, East, Chinatown , New York

☆ Starbucks shares get a lift on one-two punch of activist moves. More upside should be ahead
▼ + stars: | 2024-08-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Activist involvement is heating up at Starbucks , increasing the likelihood that the coffee chain makes changes necessary to boost its languishing stock price. This one-two punch of activist news is sending shares of Starbucks higher by more than 2% Monday, to nearly $77 each. We upgraded our rating on Starbucks' stock to a buy-equivalent rating last month on hopes that Elliott's presence would lead to positive changes inside the company. Board seats aside, Elliott's exact plan to lift Starbucks' stock is not known. This is not the first time Elliott and Starboard have been in a Club stock at the same time.

Persons: Jeff Smith's, It's, John's, Elliott Management —, Jesse Cohn, Cohn, Satya Nadella, Elliott, Jim Cramer, Jim, That's, Laxman Narasimhan, Wells Fargo, Jim Cramer's, Beata Zawrzel Organizations: Street Journal, Olive Garden, Darden, CNBC, Microsoft, Starbucks, Club, Constellation Brands, Nurphoto, Getty Locations: China, North America, Salesforce, Krakow, Poland

☆ DuPont's AI ties drew us in, but its water unit may be the sleeper hit
▼ + stars: | 2024-08-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

DuPont's water business DuPont is considered a leader in purification and specialty-separation technologies that generates cleaner water for industries, governments, and communities. Arun Viswanathan, analyst at RBC Capital Markets, characterizes Dupont's water business' next-generation products as being "at the top of the technology pyramid." Dupont's water business is the smallest of the three companies that will be created by the breakup. As this exercise shows, DuPont's water business as a standalone firm would certainly deserve that compared to some. Potential M & A It's possible DuPont's water business never makes it to standalone status.

Persons: we've, Jim Cramer, It's, Lori Koch, it's, Aleksey Yefremov, Arun Viswanathan, Viswanathan, Dupont, RBC's Viswanathan, DuPont, KeyBank's Yefremov, EBITDA, Pentair, Veralto, Yefremov, They'll, they'll, —, Koch, Ed Breen, Jim Cramer's, Jim, Jeff Fusco Organizations: DuPont, CNBC, JPMorgan, Bank, Barclays, RBC Capital Markets Locations: China, North America, Asia, East, Africa, America, Yefremov, Wilmington , Delaware

☆ Nikkei 225: Japan stock market rally fades as fears of US economic slowdown, yen volatility return
▼ + stars: | 2024-08-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after losing nearly 2% on Tuesday and Wednesday combined. But those fears, as well as a further jump in the value of the yen, are still haunting the market. The volatility in the yen, which was at the heart of recent market turmoil, remains elevated, he added. On Monday, the Nikkei plummeted by the most since 1987, sparking a broader global market sell-off. The narrowing of the interest rate differentials, which had enabled the yen carry trade, could push the yen higher, Kuptiskevich added.

Persons: Hong Kong CNN —, Germany’s DAX, Shinichi Uchida, Uchida, ”, Stephen Innes, Alex Kuptsikevich, Masamichi Adachi, Innes, Taiwan’s Taiex, Hang Organizations: Hong Kong CNN, Nikkei, CAC, Nasdaq, Bank of Japan, Federal Reserve, FxPro, Federal, Fed, UBS, UBS Chief Investment, Kospi, Hang Seng Locations: Hong Kong, Europe, Japan, unwind

☆ Japanese yen carry trade: A very popular trading strategy just blew up in investors’ faces
▼ + stars: | 2024-08-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

When you hear commentators talking this week about the “yen carry trade” or the “great unwind,” they’re referring to a popular trading strategy that is, suddenly, blowing up in investors’ faces. The carry trade, explainedPut simply: A carry trade is when you borrow money in a place where interest rates are low and use it to invest elsewhere in assets that generate some kind of return. “That is bonkers.”The yen carry trade proved especially popular in the last four years, because Japan was the only major economy in the world offering essentially free money. The carry trade relies on borrowing, which means it’s a leveraged position. “The carry trade unwind… is somewhere between 50%-60% complete.”In other words: Buckle up, and don’t panic.

Persons: CNN Business ’, ”, John Authers, “, it’s, John Sedunov, Kit Juckes, ” Sedunov, Arindam Sandilya, JPMorgan Chase, Buckle Organizations: CNN Business, New York CNN, Wall, ” Bloomberg, Treasury, Villanova School of Business, Bank of Japan, Federal Reserve, Societe Generale, JPMorgan, Bloomberg Locations: New York, Japan, Europe

The state’s GOP Senate candidate, Kari Lake, has long challenged her Democratic competitor, Rep. Ruben Gallego, to take the debate stage. Hobbs still did not agree to the Arizona Clean Elections proposal for a traditional debate, saying Lake would create a "spectacle." Hobbs then participated in a separate Q&A with Arizona PBS, which has no affiliation with Arizona Clean Elections. Given Hobbs’ Q&A was not affiliated with Arizona Clean Elections, the organization’s executive director says Lake’s frustration is misplaced. “Traditionally, for the last, I think, three Senate races, every Senate debate has happened at the Clean Elections debate,” Gallego said last week.

Persons: Donald Trump, Kamala Harris, Kari Lake, Ruben Gallego, Gallego, ”, Lake, “, chuckles, ” Lake, Katie Hobbs, Hobbs, Thomas Collins, Collins, ” Gallego, proclivity, Harris Organizations: PHOENIX, Arizona Senate, GOP Senate, Democratic, Lake, NBC News, GOP, Arizona, Elections, Republican, Arizona Clean, Arizona PBS, Trump Locations: Arizona, Phoenix, Paradise Valley, ’, Gallego

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Starbucks is trying to bounce backStarbucks saw a net revenue of nearly $36 million in fiscal 2023, but now analysts say it is grappling with an increasingly price conscious consumer and serious operating issues that has led to its stock tumbling by about 25% in a year. The coffee company missed revenue expectations by $130 million in its fiscal third-quarter earnings and saw global same-store sales decline by 3%. However, Starbucks is trying to turn things around. Watch the video to find out how.

Organizations: Starbucks

☆ China's city dwellers will soon have more pets than toddlers, and there's one way investors can cash in on the trend, Goldman Sachs says
▼ + stars: | 2024-08-05 | by ( Kwan Wei Kevin Tan | Aditi Bharade | ) www.businessinsider.com time to read: +6 min

Read previewChina's baby bust could see its urban pet population outnumbering the number of toddlers by 2030, investment bank Goldman Sachs wrote in a July 28 report. According to Goldman Sachs' forecasts, China will have more than 70 million urban pets by 2030. AdvertisementThe rise in pet ownership, the bank said, could help push China's pet food market to $12 billion by 2030. People having more pets than babies shouldn't be surprising considering how China is presently grappling with a demographic crisis. China's population shrank again in 2023, with the number of deaths exceeding the number of births by 2.08 million people.

Persons: —, Goldman Sachs, Lin Zhang, Zhang, Zheng Mu, Zheng, Cash, haven't, Bihan Chen, Emily Huang, Huang, Ann, Hunter van Kirk Organizations: Service, Business, country's National Bureau of Statistics, University of New, Zhang, National University of Singapore, National Association of Realtors, NAR, Bloomberg Intelligence Locations: China, country's, University of New Hampshire, Europe, East Asia

We’ve never in my lifetime changed candidates this late in the game,” West said, pausing as she left a Harris campaign office to pick up a new packet of door-knocking materials. “There is a lot of excitement around Vice President Harris, actually. However, despite the preparations, Trump’s campaign has yet to find its footing on a consistent message about the vice president. Outside the campaign, Trump’s allies worry there is no strategy for what is now a competitive race. Vice President Kamala Harris speaks at a gathering of the Sigma Gamma Rho sorority in Houston on July 31, 2024.

Persons: Donald Trump’s, Joe Biden, Trump, Biden, Kamala Harris, Ohio Sen, JD Vance, Harris –, Harris, –, ”, “, ” Trump, pollster John McLaughlin, ” McLaughlin, Harper, “ I’ve, We’ve, ” West, President Harris, Joe Lamberti, ” Harris, Rachel Scott, Scott Olson, it’s, Barack Obama, Trump’s, Steven Cheung, “ He’s, Brandon Bell, Trump –, Harris didn’t, ” Rev, Charles Williams, I’m, ’ ” Williams, he’s, Donald Trump, She’s, Carolina Sen, Lindsey Graham, she’s, Vance, Anna Moneymaker, Tucker Carlson’s, they’ve, Alaska Sen, Lisa Murkowski, Schouten, Kate Sullivan, Jeff Zeleny, Steve Contorno, Manu Raju, Morgan Rimmer, Danya Gainor, Lauren Fox Organizations: CNN, Republican, Republican Party, Trump, GOP, National Association of Black Journalists ’, Biden, Harris, Getty, Democrats, Democratic, Democratic Party, ABC, Fox News, Senior Trump, ABC News, National Association of Black Journalists, Indian, Sigma Gamma Rho, Air Force, White, Sigma Gamma Rho sorority, Historic King Solomon Baptist Church, ”, Senate, Capitol Locations: Milwaukee, Chicago, India, Jamaica, Oakland County , Michigan, Harrisburg , Pennsylvania, AFP, Trump, New York, Georgia, Butler , Pennsylvania, Harris, Atlanta, United States, North Carolina, Houston, Detroit, ”, Carolina, Sierra Vista , Arizona, Alaska, Mexico, Arizona, Ohio, California

☆ Why pharmacy chains like Walgreens and CVS are shuttering locations
▼ + stars: | 2024-08-04 | by ( Devan Burris | ) www.cnbc.com time to read: +2 min

In its fiscal third-quarter earnings report to investors in late June, pharmacy chain Walgreens announced plans to close a "significant" number of its 8,600 U.S. stores. "Pharmacy chains used to really be the heart of communities," said GlobalData retail managing director Neil Saunders. Walgreens leans heavily on its back-of-store pharmacy revenue to make up for weakness in retail, an arena which itself has struggled with shrinking margins. "CVS has sized this at about a billion dollars a year, and CVS and Walgreens have kind of similar-sized pharmacies." Watch the video above to learn more about what is leading U.S. pharmacy chains to close thousands of stores.

Persons: Tim Wentworth, Neil Saunders, they're, Saunders, Raymond James, John Ransom Organizations: Walgreens, Pharmacy, CVS Locations: U.S

☆ Linde extends its streak of earnings beats, flexes ability to handle any economy
▼ + stars: | 2024-08-02 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. We're not the only investors who have come to covet the company's ability to deliver steady earnings growth regardless of the economic conditions. But if there is a worsening of economic conditions, Lamba said Linde will take action quickly to protect profits. "That was just a very solid quarter," Jim Cramer said Friday. Guidance For the third quarter, Linde expects adjusted EPS in the range of $3.82 to $3.92, implying 5% to 8% growth compared with the year-ago period.

Persons: Linde, LSEG, . Linde, —, We're, South America —, Sanjiv Lamba, Lamba, Matthew White, White, Jim Cramer, Jim Cramer's, Lin, Jim, Rolf Schulten Organizations: Revenue, Products, Linde, LIN, Taiwan Semiconductor Manufacturing Company, Linde's, CNBC, Bloomberg, Getty Locations: North America, America, South America, U.S, It's, Arizona, Americas, Europe, Middle East, Africa, Linde's Asia, China, Leuna, Germany

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