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A pair of Secret Service counter snipers, dubbed Hercules 1 and Hercules 2, surveilled the crowd from directly above and behind the stage. He radioed the local command post controlled by Butler County law enforcement and notified them of the kid with the rangefinder. “I can’t believe that the Secret Service hasn’t talked to any of our people,” he said prior to Friday’s reach out. In a different location, the Secret Service and state police set up another command post. New video reveals frustrationNicols, Woods, Young and other Beaver County officers weren’t the only ones to express concerns about the Secret Service planning.

Persons: Butler, Donald Trump’s, Greg Nicol, Trump, ” Nicol, Nicol, Thomas Matthew Crooks, ”, Pat Young, “, – Nicol, Jason Woods, Butler County’s, –, Woods, ” Woods, Crooks, Donald Trump, Brendan McDermid, AGR, Someone’s, Young, Puy, didn’t, Nate Bible, – Young, hasn’t, couldn’t, Anthony Guglielmi, ” “, ” Guglielmi Organizations: Pennsylvania CNN, CNN, Service, Beaver County SWAT, Secret Service, Glass Research, Secret, Trump, Authorities, Reuters, Pennsylvania State Police, Washington Post, FBI, Post, Army National Guard, CNN Secret Service, Attorney, ABC, Police Department, Butler, Police Locations: Pennsylvania, Butler , Pennsylvania, Pittsburgh, Butler, Butler County, ‘, Beaver County, AGR, Beaver, Iraq, Beaver , Pennsylvania, Majlie, Puy Kamp, Washington, U.S

☆ A Nvidia recruiter shares her top 3 tips to land an internship at the chip giant
▼ + stars: | 2024-08-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Nvidia ranked second place on Glassdoor's annual list of best employers for 2024. Go to newsletter preferences Thanks for signing up! One software engineer based at its Santa Clara headquarters previously told Business Insider that his annual base salary is $250,000. So it's no wonder the company is an attractive place to work and was ranked second on Glassdoor's annual list of best employers for 2024. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Nvidia, Service, Santa Clara, Business

☆ Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America says
▼ + stars: | 2024-08-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

There's still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. Apple Services saw record revenue, leading Mohan to conclude there's plenty of upside ahead for Apple shares as new products debut in September. Apple shares are down about 3% this month. Meanwhile, Netflix shares are down almost 8% over the last month. Palantir "PLTR's dominant position in the AI-powered software market, differentiated end-to-end, ontology-powered & highly secure solutions and first mover advantages should support revenue growth and improving profits in the midterm.

Persons: Palantir, Wamsi Mohan, Tim Cook, Mohan, Jessica Reif Ehrlich, Reif Ehrlich, BofA, Uber, Justin Post, Post, he's bullish, Nvidia, Blackwell Organizations: Bank of America, CNBC, Netflix, Nvidia, Apple, Apple Intelligence, Apple Services, Post, Uber, intel, TAM Locations: Bank

☆ Israel's urban warfare tactics in Gaza offer lessons for NATO armies
▼ + stars: | 2024-08-10 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Urban warfare in Gaza has revealed a painful truth for NATO: Many of its armies are ill-prepared for fighting in crowded cities. There is good reason for concern: urban warfare has become a fixture of warfare on a rapidly urbanizing planet, from Fallujah in 2003 to Bakhmut in 2023. Israeli troops and their vehicles have faced challenges operating in sections of Gaza that the Israeli Air Force shattered. The biggest lesson of Gaza is the importance of firepower in urban warfare, according to RUSI. Related storiesFirepower played a decisive role "in determining initiative during the fighting in Gaza," RUSI said.

Persons: RUSI, Jack Watling, Nick Reynolds, Watling, Reynolds, Michael Peck Organizations: Service, NATO, Israel Defense Forces, British Army, Business, Royal United Services Institute, US Army, IDF, Israeli Air Force, Anadolu, Getty, Fighters, Hamas, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Gaza, British, Fallujah, Bakhmut, Israel, Ukraine, Russia, Forbes

Also Friday, amid mounting pressure, Sangamon County Sheriff Jack Campbell announced he would retire by Aug. 31, saying it had become clear that he could not continue effectively in his role. The encounter ended with Grayson shooting Massey in the head. After shooting Massey, Grayson discouraged the other deputy from rendering aid, citing the severity of her injury, according to body camera video. The deputy still rendered aid and stayed with Massey until medical help arrived, prosecutors have said. On July 17, Grayson was fired from the Sangamon County Sheriff’s Office, where he had been employed since May 2023.

Persons: —, Sonya Massey, Jack Campbell, Sean Grayson, Massey, Ryan M, Cadagin, Massey’s, Grayson, “, ”, Mark Wykoff, ” Wykoff, Mary Beth Rodgers, Wykoff, Campbell, ” Massey, Jesus, Illinois State Police “, ” Grayson, JB Pritzker, Pritzker Organizations: Services, Illinois State Police, Office, NBC Chicago, Sangamon, Gov, Republican, NBC News Locations: SPRINGFIELD, Ill, Illinois, Sangamon County, Springfield, Grayson, Menard County, Sangamon, Springfield , Ill, Menard, Logan, Logan County

Aiming to unseat three-term Democratic incumbent Jon Tester, Sheehy is founder of Montana-based Bridger Aerospace, an aerial firefighting company. On July 1, Sheehy resigned as chief executive of Bridger to focus on his Senate campaign; the company is seeking a replacement. In mid-June, an editorial in The Wall Street Journal echoed Griffin’s view, branding Sheehy’s company Bridger a success. The PAC spent $5.3 million for Sheehy and $5.7 million against his opponent, Tester, records show. In 2022, Sheehy’s cash and stock compensation neared $5 million, and last year, he received $2.5 million, Bridger’s proxy says.

Persons: Donald Trump, Tim Sheehy, Jon Tester, Sheehy, “, Bridger, Tim, ” Katie Martin, Louise Johns, Ken Griffin, Griffin, Stephen Schwarzman, “ Tim Sheehy, ” Griffin, Marc Cohodes, Cohodes, Sheehy’s, ”, Scott Olson, Blackstone, Matthew Sheehy, Bridger’s, Blackstone Tim Sheehy, Blackstone’s, ” Jon Tester, Andrew Harnik, Schwarzman, haven’t, Farrah Saint, Surin, Matthew, Martin, Bridger ”, Montana . Don, Melinda Crawford, Todd Hirsch, Thomas A, Waldman, Yocca Carlson, I’ve Organizations: Navy, Republican, Montana, Bridger Aerospace, International, Interior Department, U.S . Forest Service, Agriculture Department, Bloomberg, Getty, Wall, Citadel LLC, PAC, Commission, The Blackstone, “ Bridger Aerospace, Blackstone, Small Business Administration, Republican National Convention, Trump, ”, Cattle Company, Tallgrass Energy, Blackstone Group, Bridger, Forest Service, Bridger Air Tanker LLC, Bridger Air Tanker, SBA, ” Companies, Federal, NBC News, Mountain Air LLC, Mountain Air, Air, Service, U.S ., “, Montana ., Rauth Locations: Bozeman , Montana, Bozeman, Mont, New York City, Bridger, America, Montana, Gallatin County, Milwaukee, Riding, disbursements, Surin, ” Saint, U.S, Los Angeles

Through the Family Life Center, her Maui-based nonprofit organization, Cumming planned to build an 88-unit village of modular homes. Workers at the Family Life Center tiny home development, known as Ohana Hope Village, in January. Maude Cumming, CEO of the Family Life Center, in a tiny home at Ohana Hope Village in January. The first 10 families will soon move into a temporary housing project designed to shelter 1,200 people for up to five years. Keys and the plans for tiny homes at the Family Life Center development.

Persons: Maude Cumming, Cumming, ” Cumming, Sarah L, Voisin, JB Rutagarama, Josh Green's, ” Green, Keys, “, ”, Green Organizations: Life Center, Workers, Washington, Getty, Homes, Hope, NBC, Rural Health Association, Gov, Life, NBC News, of Human Services, Airbnb, Human Services Department Locations: LAHAINA, Hawaii, Lahaina, Maui, Kahului, Hawaiʻi

CNN —A video that surfaced online appears to show bodies on burnt-out Russian military trucks in the country’s southwestern Kursk region, the latest sign that Ukraine’s cross-border assault is probing more deeply and inflicting significant damage on Moscow’s troops. Rybar, one of the more prominent Russian military blogs, published a roundup of developments Friday that said the front lines have “somewhat stabilized” with the arrival of Russian reinforcements. Rybar cited local residents of Vtoroye Knyazhino, a settlement on the outskirts of Sudzha, as saying Ukrainian infantry entered their village. US officials say they do not believe Ukraine intends to hold Russian territory for the long term. Russian authorities help residents during evacuation efforts at a railway station in Oryol, Kursk region, August 9, 2024.

Persons: Archangel Spetsnaza, Dnevnik Desantnika, Cherkasskoe, Russkoe, Rybar, Pilipey, Volodymyr Zelensky, ”, Vladimir Putin, “, Kursk –, ” Artamonov, Reuters Russia ‘, Ukraine Mykhailo Podolyak, Zelensky, Podolyak, Peter Stanno, Ukraine “, Matthew Miller Organizations: CNN, Russian, CNN –, Malaya Loknya, Getty, Ukraine’s, Russia’s, Ministry, Russian Emergencies Ministry, Reuters, European Union, Ukraine, US State Department Locations: Kursk, Oktyabrskoye, Rylsk, Russian, Kyiv, Korenevo, Sudzha, Malaya, Vtoroye, Ukrainian, Kostyantynivka, Donetsk, AFP, Moscow, Kostiantynivka, Ukraine, Russia, Belgorod, Ukraine’s Kharkiv, –, Lipetsk –, Lipetsk, Bryansk, Voronezh, Orel, Crimea, Oryol, Handout, Reuters Russia

☆ As Ukraine Pushes Deeper Into Russia, Moscow Sends Reinforcements
▼ + stars: | 2024-08-09 | by ( Constant Méheut | ) www.nytimes.com time to read: 1 min

Ukrainian forces pressed deeper into Russia on Friday, trying to capitalize on their surprise cross-border offensive, as Moscow moved quickly to shore up its defenses against the largest assault on Russian soil since the war began. After capturing several small settlements the last few days, Ukraine was battling to take full control of a town near the border and sending small units to conduct raids farther into the southwestern Russian region of Kursk. At the same time, the Russian military announced it was sending more troops and armored vehicles to try to repel the attack. Russian television released videos of columns of military trucks carrying artillery pieces, heavy machine guns and tanks. Perhaps preparing for retaliation, Ukrainian authorities on Friday said they were evacuating 20,000 people from the Sumy region, which sits across the border from Kursk.

Organizations: Russian Locations: Russia, Moscow, Ukraine, Russian, Kursk, Sumy

☆ 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

☆ Flood insurance likely doesn't cover storm damage in your basement
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?

Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers

Following decades of grievances, the federal government on Thursday changed a policy that disqualified some disabled veterans from receiving subsidized housing. Advocates hope a new federal policy will help more disabled homeless veterans get off the streets. A homeless veterans encampment in Los Angeles in 2021. “No matter where veterans are, if we have homeless veterans, we are committed to them,” he said. About 1,834 homeless veterans were counted in Los Angeles this year, compared with 2,696 last year.

Persons: Al Seib, Denis McDonough, Francine Orr, Karen Bass, George Rose, ”, Mark Rosenbaum, Rosenbaum, Terrence Hayes, Hayes Organizations: of Housing, Urban, Veterans, Los Angeles Times, Getty, Veterans Administration, “ Veterans, American Civil Liberties Union of Southern, Los, Los Angeles, HUD Locations: Al, Los Angeles, ”, Westwood, Brentwood, American Civil Liberties Union of Southern California, “, Los Angeles County, U.S

☆ Samsung is recalling stoves that let pets set homes on fire
▼ + stars: | 2024-08-08 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Samsung is recalling knobs on some of its electric stoves, warning that fires can be set off if pets — or even humans — bump into them. Several videos have shown pets accidentally igniting fires from jumping onto stoves and pawing at the knobs. Samsung will provide free knob locks or covers for certain slide-in electric ranges with front-mounted knobs that were sold between 2013 and 2024. CPSC is looking into fires caused by stoves due to pets jumping on them or humans accidentally bumping into them. Knob locks for Samsung range.

Persons: Samsung, CPSC Organizations: New, New York CNN, Samsung, Product Safety, Samsung Samsung Locations: New York, Colorado

CNN —Ukrainian forces are pushing further into the Kursk region of Russia, in a cross-border incursion that surprised even American officials, multiple US and Ukrainian officials tell CNN. Ukrainian forces are comprised of a mix of Ukrainian regular and special operations units, unlike previous Ukrainian operations inside Russia that often involved undercover units and local sympathizers. Russia claimed on Thursday to have halted a Ukrainian incursion into its territory, but later said that some battles are ongoing in the Kursk region. Neither the Ukrainian military nor the government in Kyiv has publicly commented on the operation. A Russian military blogger Rybar reported on Wednesday that the Ukrainian military had established control over a gas transit station near the border.

Persons: Vladimir Putin, “ Sudzha, wasn’t, Alexei Smirnov, ”, Hochu, “, Kozak, Mick Ryan, Peter Stano, Karine Jean, Pierre, Biden, ” Jean, …, Niu York, HUR, Rybar, CNN’s Mariya Knight, Olga Voitovych Organizations: CNN, Russian Ministry of Defense, Russian Federal Security Service, Russian Defense, Telegram, Russian Ministry of Health, ., Federal Medical, Biological Agency, TASS, Reuters, Russian Defense Ministry, Futura, Institute for, Kyiv, Suspilne, Kyiv “, Ukraine Military Intelligence, LB, European Union, EU Locations: Kursk, Russia, Russian, Ukraine, Korenevsky, Ukrainian, Sudzhansky, Sudzha, Malaya Loknya, Kyiv, ”, Russia’s Kursk, Moscow, Pokrovsk, Niu, Toretsk, Europe

☆ Mortgage rates plunge to lowest level in more than a year
▼ + stars: | 2024-08-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —US mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. The standard 30-year fixed-rate mortgage averaged 6.47% this week, mortgage financing giant Freddie Mac said Thursday. Mortgage rates have steadily fallen over the past several weeks since reaching a 2024 peak of 7.22% in early May. Mortgage rates track the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s decision on interest rates. Lower mortgage rates and a bigger housing stock will eventually entice more buyers to eventually enter the market.

Persons: Freddie Mac, That’s, ”, Sam Khater, Freddie Mac’s, “ Homebuyers, ” Lawrence Yun, Lisa Sturtevant, “ Organizations: Washington CNN, Federal Reserve, Las, P Global, Harvard Joint Center for Housing Studies, CNN, Treasury, National Association of Realtors, Fed, NAR, “, Bright MLS Locations: New York, San Diego, Las Vegas, Tampa, Denver, Minneapolis, United States

☆ Banks are restricting employees from donating to the Harris-Walz campaign. Here's why.
▼ + stars: | 2024-08-08 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Financial-services firms risk the wrath of the Securities and Exchange Commission if their employees make campaign contributions to state or local officials such as Walz. Donating to the campaign would violate the regulator's "pay-to-play" rule, which keeps firms from trying to sway politicians for favors such as managing their state's pension fund. Those employees are also required to get permission to donate to the Harris-Walz campaign. It is possible to sidestep the pay-to-play rule by donating to PACs or Super PACs that aren't directly tied to the relevant candidate. "The Pay-to-Play Rule, although well-intentioned, imposes unique, unquantifiable costs on individuals by impeding their ability to participate in the political process."

Persons: —, Joe Biden, Kamala Harris, Tim Walz, Walz, Harris, Donald Trump's, Wells, Mike Pence, Pershing, Patricia Crouse, Crouse, aren't, Hester Peirce Organizations: Service, Street, for Responsive, Democrat, Minnesota Gov, Financial, Securities and Exchange Commission, Business, Citigroup, Citi, JPMorgan, Bank of America, Trump, Pershing, SEC, University of New Locations: Wells Fargo, Indiana, Massachusetts, Tallahassee , Florida, University of New Haven

☆ Disney falls on concerns about its theme park business. Here's why we'd buy the stock
▼ + stars: | 2024-08-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. The combined streaming business — encompassing Disney+, Hulu and ESPN+ — turned in its first-ever quarterly profit slightly ahead of schedule. Then, about two weeks ago, CNBC parent Comcast issued weak April-to-June results for its Universal theme parks business, which weighed on Disney's stock in that session . And, at this point, getting to profitability in the combined streaming business, which adds ESPN+ into the mix, was the biggest focus. "So, I do believe the parks business is in fundamentally good shape.

Persons: LSEG, —, Jim Cramer, Jim, we're, Hugh Johnston, Johnston, Disney, Bob Iger, Jim Cramer's, Walt, Gary Hershorn Organizations: Disney, Revenue, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, Hulu, CNBC, PepsiCo, Wall Street, ABC Network, Geographic, Management, Magic, Walt Disney World, Corbis, Getty Locations: U.S, India, Orlando , Florida

☆ Greece is in the middle of an anti-cruise rebellion, with locals complaining about over-tourism and trashed streets
▼ + stars: | 2024-08-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Boats full of tourists who arrive on the island, crowd the streets, and leave trash have led to the "worst season" ever, locals say. AdvertisementIn Athens and Greek islands, such as Santorini, there's a similar sentiment growing. Crowded monumentsVivian Antypa, an archaeologist and tour operator in Athens, told Business Insider that she loves working in tourism and meeting people from all over the world. Harris Doukas, the mayor of Athens, told Euro News that "Each visitor brings €0.40 to the city." "If the government takes action toward the right direction, we can make tourism better for the tourists and the locals."

Persons: —, Vivian Antypa, hasn't, Antypa, Fortune, overtourism, Beata Zawrzel, Harris Doukas, Nikos Drosos, Drosos, ARIS OIKONOMOU, Drosis, Richard Krieger, Krieger, ARIS OIKONOMOU Krieger, Greece's, Kyriakos Mitsotakis Organizations: Service, Business, Bloomberg, Euro, Santo Luxury, ARIS, Sky, Tourists Locations: Greece, Europe, Barcelona, Athens, there's, Pangrati, Santorini, Mykonos, Peloponnese

☆ Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates
▼ + stars: | 2024-08-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Warner Bros. Here is how Warner Bros. Warner Bros. Discovery's balance sheet carries a significant amount of goodwill stemming from mergers and acquisitions, namely the combination of Warner Bros. and Discovery in 2022. Warner Bros.

Persons: Discovery, Gunnar Wiedenfels, David Zaslav, Discovery's, —, Zaslav, Disney, Hulu —, Max Organizations: Warner Brothers Discovery, Turner Broadcasting, Warner Bros, LSEG, Discovery, NBA, Warner Bros . Discovery, Amazon, Revenue, TBS, TNT, Hulu, ESPN, Fox Locations: Atlanta , Georgia

☆ In a reversal, Disney's media assets are starting to generate more excitement than its parks
▼ + stars: | 2024-08-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Here's a surprise: Disney 's media business isn't weighing down the company anymore. Disney's combined streaming businesses — Disney+, Hulu and ESPN+ — turned a quarterly profit for the first time ever, making $47 million. Meanwhile, Disney saw a "moderation of consumer demand towards the end of [fiscal] Q3 that exceeded our previous expectations" for its theme parks division. The company said last year it plans to invest $60 billion in its theme parks and cruise lines in the next decade. Disney shares dropped Wednesday, likely because investors were focused on the parks.

Persons: Here's, —, Disney, Bob Iger, Iger, Captain America, we're, Hugh Johnson Organizations: Hulu, ESPN, Disney, Netflix

☆ North Korea’s Kim oversees delivery of tactical ballistic missile launchers
▼ + stars: | 2024-08-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

SEOUL, South Korea — North Korean leader Kim Jong Un oversaw the delivery of 250 new tactical ballistic missile launchers to front-line troops, state media KCNA reported on Monday, which Seoul said could be used to threaten South Korea. The launchers have been described by state media as a modern tactical attack weapon personally designed by Kim and ready to be transferred to Korean People’s Army units on the border with the South. North Korea said it test-fired a new tactical ballistic missile last month. In a speech, Kim blamed the United States for creating a “nuclear-based military bloc” that forced his country to further strengthen military capabilities. A spokesperson for Seoul’s unification ministry handling inter-Korean affairs said North Korea’s illegal nuclear and missile programs were the primary threat to peace and stability on the Korean Peninsula.

Persons: Kim Jong Un, Kim, ” Lee Sung, joon Organizations: Korean People’s Army, ., South Korea’s, Chiefs of Staff Locations: SEOUL, South Korea, North, Seoul, . North Korea, South, United States

☆ We left the U.S. and opened a bar in Paris that brings in up to $34,100 a month: 'There's an ease to living here'
▼ + stars: | 2024-08-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Kave and fellow American ex-pat Jennifer Crain are the co-founders of Abricot, a cocktail bar in Paris' 10th arrondissement. The bar has a small staff: three hourly employees and three contract employees. A mutual connection virtually introduced Kave and Crain shortly after, and the pair started expanding Crain's idea for a Parisian cocktail bar. They found a location and named their business Abricot, which is French slang for female genitalia. The delays ate up most of the initial investment, Crain says, as Abricot paid rent for over a year before it opened.

Persons: Allison Kave, Kave, she'd, Jennifer Crain, Crain, Abricot Organizations: Abricot, CNBC, Crain, Employees Locations: U.S, Paris, San Francisco, Austin , Texas, Brooklyn , New York, Brooklyn, crowdfunding, France, Europe

☆ Rivian tops Wall Street's second-quarter expectations amid cost cuts
▼ + stars: | 2024-08-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Rivian Automotive beat Wall Street's top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business. Through the first six months of the year Rivian produced about 23,600 vehicles, including only 9,162 during the second quarter due to downtime at the company's plant to retool and reduce costs. Shares of Rivian are off 37% this year amid slower-than-expected demand for EVs as well as Rivian's significant cash burn. Rivian's expenditures through the first half of the year were $537 million, including $283 million during the second quarter. Rivian ended the second quarter with $9.18 billion in total liquidity, including $7.87 billion in cash, cash equivalents and short-term investments.

Persons: Rivian, RJ Scaringe Organizations: Rivian Automotive, LSEG, Volkswagen

☆ Oil prices climb more than $1 on fear of spreading Middle East conflict
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: +2 min

Oil prices climbed more than $1 on Tuesday, paring the previous day's loss as concern that an escalating Middle East conflict could hit supplies outweighed fear of a possible U.S. recession that could hurt demand in the world's biggest oil consumer. Oil's slide was limited by worry that Iranian retaliation for the assassination of a Hamas leader in Tehran may lead to a wider war in the Middle East. "Increased fear of escalating Middle East conflict prompted fresh buying," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities . "The market has largely factored in a retaliatory attack by Iran so the focus is on its scale and Israel's counterattack," Kikukawa said. If the conflict escalates, oil prices will rise, but if it is contained in the short term - as it was in April amid similar escalation fear - gain will be limited, he said.

Persons: paring, Hiroyuki Kikukawa, Kikukawa, Antony Blinken, Masoud Pezeshkian, Vladimir Putin Organizations: Brent, U.S, West Texas, NS, Nissan Securities, State Department, Reuters, OPEC Locations: Fort Stockton , Texas, Tehran, Iran, Israel, U.S, Iraq, Russia, Venezuela

Di Bari is one of thousands of residents attempting to rebuild her home and business amid a flurry of instability. Courtesy Qiana and Michele Di BariToday, many Lahaina residents who lost their homes are still displaced as they scramble from one temporary shelter to another. “The true thing about Lahaina people is you cannot take Lahaina people out of Lahaina,” Nahoo’ikaika said. A man walks past wildfire wreckage in Lahaina, Hawaii, on Aug. 9, 2023. A rainbow is seen from Put Kukui mountain over burned cars and buildings in Lahaina, Hawaii, on Aug. 13, 2023.

Persons: restauranteur Qiana Di, Michele, Di, Qiana Di, Pepe, Michele Di Bari, ”, Jamie Nahoo’ikaika, Sale Pepe, Jaret, Levi, King Kamehameha III, Di Bari, Baris, Nahoo’ikaika, James Tokioka, Tiffany Kidder Winn, Lisa Grove, —, Josh Green, Kalama McEwen, he's, McEwen, Mengshin Lin, Cindy Canham, you’ve, Canham, Whaler’s, Jimmy Carter, she'll Organizations: Di Bari, NBC, FEMA, NBC News, Tourism, Maui, Hawaii Department of Business, Economic, Rural Health Association, The Washington, Getty Locations: Lahaina, Hawaii, restauranteur Qiana Di Bari, Maui, Italian, Di Bari, Paradise , California, Qiana Di Bari, New York, “, Lahaina , Hawaii, Hawaiʻi, ”, Texas, Kihei

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