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☆ Eaton shares get dragged down in the market selloff despite a nice beat and raise
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

ETN YTD mountain Eaton YTD Shares of Eaton, which specializes in electrical components and power management systems, opened lower after a 6% gain in Wednesday's broader market rally. Data center energy demand drove record sales in Eaton's Electrical Americas and Electrical Global. Record sales were also recorded in Aerospace. Quarterly commentary While cash flow results were short of expectations, both operating cash flow (up 11% to $946 million) and free cash flow (up 10% to $759 million) represented second-quarter records. Operating cash flow is expected at $4.2 billion to $4.4 billion, and free cash flow is expected at $3.6 billion versus estimates of $4.4 billion operating cash flow and $3.56 billion free cash flow.

Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Management, Revenue, LSEG, Electrical, Aerospace, Electrical Global, Hannifin, DuPont, Honeywell, DD, CNBC, Eaton Corporation, NYSE Locations: Eaton, North America

☆ State Street’s Matt Bartolini on record July ETF inflows
▼ + stars: | 2024-08-01 | 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 EmailState Street’s Matt Bartolini on record July ETF inflowsMatt Bartolini, State Street Global Advisors managing director and head of SPDR Americas Research, joins CNBC’s Bob Pisani on the ‘Halftime Report’ to discuss why people are still putting money into ETFs, where the money is coming from and what to expect in August.

Persons: Matt Bartolini, Bartolini, Bob Pisani Organizations: Street Global Advisors, SPDR, SPDR Americas Research Locations: SPDR Americas

☆ 4 areas of the market set to surge if Trump wins the election — and 3 poised to benefit from a Harris victory
▼ + stars: | 2024-07-31 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

When it comes to investing in sectors such as financials and energy under Trump, Bianco believes that size matters. A Harris presidency would benefit the renewable energy industry, according to Amanda Rebello, head of Xtrackers ETF sales at DWS. That's primarily because a Harris presidency would result in more stringent fiscal policy than a Trump one. The national debt is also likely to rise faster under a Trump presidency compared to a Harris one. AdvertisementInvestors can prepare for a Harris presidency by adding fixed income assets such as US 10-year Treasury notes to their portfolios.

Persons: —, David Bianco, Harris, it's, He's, Bianco, Trump, Russell, REITs There's, Amanda Rebello, That's, he's, REITs, iShares Cohen Organizations: Service, Trump, Business, Republican, DWS Group, Republican National Convention, Big Pharma, VanEck Pharmaceutical, Vanguard, Energy, Democratic, Fed, Harris, Real, Investment, Battery Tech, Clean Energy, Schwab, Steers, ETF Locations: Big, Harris ' California

The Priority Pass network includes access to more than 1,200 lounges around the world, as well as credits at a few restaurants. The Chase Sapphire Reserve and the Amex Platinum Card are two of the best cards available for anyone who travels. Apply and select your preferred metal Card design: classic Platinum, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market. Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.

Persons: they're, there's, Sheryl Pflaum, Collinson, Chase Travel ℠, Chase, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Chase Sapphire Reserve, American, Chase Sapphire, Chase, Chase Travel, Sapphire, TSA, FDIC, Express, American Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Saks Fifth Locations: Hulu

☆ Venezuela election: Maduro warns he’ll call for a ‘new revolution’ if forced by ‘North American imperialism’
▼ + stars: | 2024-07-31 | by ( Abel Alvarado | ) edition.cnn.com time to read: +2 min

“But if North American imperialism and fascist criminals force us, my pulse will not tremble to call the people to a new revolution with other characteristics,” he added. The president’s comments come just hours after US National Security spokesman John Kirby called on Maduro to “come clean” on Sunday’s election. 20 ‘credible reports’ of deathsThe Venezuelan leader’s comments came as Human Rights Watch (HRW) said it had received 20 “credible reports” of deaths connected to the nationwide protests over the election results. CNN has reached out to Venezuela’s Public Prosecutor for comment. So far, the Venezuelan government has not published any information regarding the death of civilians.

Persons: CNN —, Nicolas Maduro, “, ”, Hugo, Chavez, ” Maduro, John Kirby, ” Kirby, Kirby, Maduro, ” Juanita Goebertus, Alfredo Romero Organizations: CNN, US National Security, Venezuelan, Wednesday’s, Rights Watch, Foro Penal, Venezuela’s Public Locations: Caracas, American, Venezuelan, Foro, Zulia, Yaracuy, Aragua, Tachira

☆ Get paid to visit luxury hotels and spas around the world—here's how
▼ + stars: | 2024-07-31 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

That's the opportunity available with the newest round of openings at Forbes Travel Guide, which evaluates the best hotels, restaurants, spas and cruises in the world. "We want our guests to think and behave like an average luxury traveler and carry out this role as if they were actually traveling." FTG inspectors are required to try food and drinks at the properties they visit in order to create a comprehensive appraisal. Because evaluators use their own cards when booking stays and travel, they accumulate a substantial amount of credit card rewards. For trips where a companion is required, FTG will cover their expenses as wellOne thing that will disqualify you right off the bat?

Persons: evaluators, they're, Amanda Frasier, Frasier, FTG Organizations: Forbes Travel, CNBC Locations: luxe, Americas, Asia, Europe

☆ Surging AI data center demand will benefit these dividend-paying real estate stocks, says Moody's
▼ + stars: | 2024-07-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

As data center demand continues to surge, two real estate investment trusts are well positioned to benefit, according to Moody's Ratings. "Despite rapid growth in data center capacity in recent years, it has been unable to keep pace with surging demand," she wrote. "We forecast that data center capacity will need to more than double by 2028 to meet our unconstrained forecast for power consumed by data centers." Digital Realty Trust and Equinix , diversified data center landlords, are investing in projects across the globe to meet this demand, Venkatesan said. "Therefore, hyperscalers will maintain data center capacity in more locations than in the past."

Persons: Ranjini Venkatesan, Venkatesan, Hindenburg, Equinix Organizations: Realty Trust, Digital Realty Trust, Hindenburg Research Locations: Americas, Europe, East, Africa, Asia, APAC

☆ Rapid renewable energy growth leads FBI to warn hackers will hit new, vulnerable power supply
▼ + stars: | 2024-07-29 | by ( Michelle Castillo | ) www.cnbc.com time to read: +6 min

Government incentives, including the Inflation Reduction Act, have encouraged individuals and private ownership groups to invest in clean energy systems. The renewable energy industry's rapid expansion in the U.S. in some cases is occurring without traditional utility protocols and regulations. The boom in renewable energy has also led manufacturers of products and services to ramp up their offerings. Inverters connected to the internet, in particular, could be controlled by hackers to reduce output or overheat home energy systems. Other major players in the U.S. utilities and renewable energy sector, including Next Era Energy, Constellation, Enphase Energy, First Solar and Sunrun, did not respond to requests for comment.

Persons: Jim Hempstead, SEIA, Bheshaj Krishnappa, Freddie Mac, Moody's, Jim Guinn Organizations: FBI, U.S . Energy Information Administration, Metropolitan Washington Council, Governments, Department of Defense, U.S ., Solar Energy Industries Association, Department of Energy Solar Energy Technologies Office, Constellation Energy, Corporation, cybersecurity, Cybersecurity, GE Vernova, Constellation, Enphase Energy Locations: U.S, California , Utah, Wyoming, United States, China, Russia, Iran, cyberattacks

☆ Our Mexican beer powerhouse is down on a rival's troubles — so we're buying the dip
▼ + stars: | 2024-07-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We're buying 50 shares of Constellation Brands at roughly $246 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 375 shares of STZ, increasing its weighting in the portfolio to 2.8% from 2.46%. Shares of Mexican beer maker Constellation Brands were down 3% on Monday after Heineken reported weaker-than-expected earnings. We're also upgrading Constellation stock back to our buy-equivalent 1 rating . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Heineken, Bill Newlands, Newlands, Heineken doesn't, Jim Cramer, Jim Organizations: Constellation Brands, STZ, Heineken, Constellation, Asia Pacific, CNBC Locations: China, Modela, Europe, Americas, Asia Pacific, Africa, Middle, United States

☆ Heineken shares fall 7% after first-half profit miss
▼ + stars: | 2024-07-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Heineken shares opened nearly 7% lower on Monday, after the brewing giant's first-half profit growth came in weaker than analysts had expected. In an update that had been keenly-awaited by analysts, Heineken revised its operating profit organic growth forecast for the year to a range between 4% to 8%. The major miss was in Europe, which saw just 0.2% profit growth versus an expectation of 15.1%, largely because of increased promotional spending in a competitive market, Barclays said. Heineken said it "consolidated leadership" in low and no-alcohol beer sales, with Heineken 0.0 — a no-alcohol beer — up 14%.

Persons: Heineken, Dolf van den Brink, CNBC's, Van den Brink Organizations: Heineken, Beer, CR, Barclays, CNBC Locations: San Anselmo , California, London, China, Europe, Brazil, Egypt, Vietnam

☆ Opinion | Venezuela’s Election Gives a Boost to the Autocrats
▼ + stars: | 2024-07-29 | by ( Michael Albertus | ) www.nytimes.com time to read: +2 min

In what appears to be a deeply unfair election riddled with irregularities, Venezuelan’s authoritarian president, Nicolás Maduro, seems to have survived once again. The election was a crucial test of the durability of the new brand of authoritarianism gripping the Americas — and it has proved that the movement may not fade away anytime soon. Guatemala had a close call last year, with the attorney general’s office attempting to prevent a peaceful transition of power. Venezuela’s election is a fulcrum moment for the Americas. Despite high turnout, there were numerous reports of voting irregularities, voter intimidation and problems at voting centers.

Persons: Nicolás Maduro, Mexico’s, Claudia Sheinbaum, It’s, Maduro Organizations: United Locations: Venezuela, Nicaragua, El Salvador, Guatemala, Brazil, Chile, Colombia, United States, Americas

☆ Heat-related injuries to workers in the Americas have soared since 2000, study finds
▼ + stars: | 2024-07-28 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Extreme heat is making work more dangerous, and safeguards can't keep up, a labor report found. The International Labour Organization found the Americas had a surge in heat-related work injuries. It's also making work more dangerous than ever, a labor report found. The International Labour Organization reported that workers are increasingly exposed to extreme heat worldwide to the degree that occupational safety and health protections can't keep up. In addition to jeopardizing workers, the heat "undermines the resilience of economies," the agency said.

Persons: It's Organizations: International Labour Organization, Service, Business Locations: Americas

☆ Why you should avoid use of one-time passwords sent by text
▼ + stars: | 2024-07-27 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

One of the most convenient methods for mobile phone users to log into apps — and one many companies rely on to grant access — is the one-time password, or OTP, often shared by text. Consumers are being urged to be mindful of the different types of one-time passwords, and the relative security risks versus benefits that each offers. Authenticator apps can still be vulnerable to some types of attacks like "adversary in the middle" but they're still safer than SMS, Allan said. Consider mobile app push for better protectionAn even more secure option for authentication works in tandem with mobile apps on a user's phone. Opt for hardware security key when possibleAn even better option is to use a hardware security key like Yubico.

Persons: Ant Allan, Allan, Tracy C, Kitten, it's, Cedric Thevenet, Thevenet, It's, FIDO, Dusty Anderson, OTPs Organizations: Gartner Research, Strategy, Research, Google, Microsoft, Capgemini, FIDO Alliance, SMS

☆ Kamala Harris Is Known Abroad for a Personal Touch, and Tough Talk
▼ + stars: | 2024-07-27 | by ( Matina Stevis-Gridneff | Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

Like most vice presidents, Kamala Harris was not given much runway on foreign policy. But in the role she did fill, Ms. Harris made an impression. Ms. Harris can be many things at once: warm but steely on occasion; authoritative but personable. She has represented the United States frequently during trips to Europe, Asia, Africa and the Americas, and has met with more than 150 world leaders. In recent months, she has also become more directly involved in discussions with global leaders on the conflicts in Ukraine and the Middle East.

Persons: Kamala Harris, Biden, Harris, Benjamin Netanyahu Organizations: Democratic Locations: United States, Europe, Asia, Africa, Americas, Ukraine, Israel, Washington, Gaza

☆ Maria Corina Machado: The woman behind Venezuela’s opposition movement
▼ + stars: | 2024-07-25 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

Machado has described the decision to bar her – upheld by Venezuela’s Supreme Court – as illegitimate, unjustified and unconstitutional. From left: Venezuelan opposition leader Maria Corina Machado, opposition presidential candidate Edmundo Gonzalez Urrutia, and Urrutia's wife Mercedes Lopez wave during their campaign closing rally in Caracas on July 25, 2024, ahead of Sunday's presidential election. CNN: In the economy, your plan is to privatize most Venezuelan public assets, especially in terms of health, oil and education. I do believe in public education, but I do believe that you have to create incentives so the public education can be as competitive and with the same degree of excellence that you have in private education. But you don’t need to own the companies directly for the country to benefit from it.

Persons: María Corina Machado –, Nicolás Maduro, Machado, Hugo Chávez, Chávez, –, Edmundo González, Maria Corina Machado, Edmundo Gonzalez Urrutia, Mercedes Lopez, Federico Parra, doesn’t Organizations: Caracas CNN —, Venezuela, Venezuela’s, CNN International, Getty, CNN, Venezuelan Locations: Caracas, Congress, Venezuelan, AFP, Venezuela, Americas

☆ Stocks are being routed as tech undergoes a re-rating. Here are the key drivers behind the shakeup
▼ + stars: | 2024-07-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The stock market is facing several issues: a tech re-rating, a slower economy, a seasonally weak period and an uncertain presidential outcome. Big cap tech is getting re-rated This is what happens when the market gets top-heavy in technology. Prices for megacap tech stocks have run up dramatically in hopes of outsized earnings. Regardless, investors have been re-rating tech stocks for many weeks now. Technology stocks have been toppy for some time.

Persons: Sundar Pichai, he'd, Goldman Sachs, Goldman, Matt Bartolini, Kamala Harris, Sam Stovall, Trump Organizations: Technology, Cloud Computing, Semiconductor, P Technology, X Social Media, Semiconductors, Micron, Qualcomm, Nvidia, Broadcom, SPDR, SPDR Americas Research, State, Trump, Democratic Locations: SPDR Americas

☆ CrowdStrike outage: We finally know what caused it - and how much it cost
▼ + stars: | 2024-07-24 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

CNN —Insurers have begun calculating the financial damage caused by last week’s devastating CrowdStrike software glitch that crashed computers, canceled flights and disrupted hospitals all around the globe — and the picture isn’t pretty. The estimates come the same day that CrowdStrike issued a preliminary report on how it inadvertently caused the widespread IT meltdown. Numerous Fortune 500 companies use CrowdStrike’s cybersecurity software to detect and block hacking threats. Only a small portion, around 10% to 20%, may be covered by cybersecurity insurance policies, Parametrix added. The company routinely tests its software updates before pushing them out to customers, CrowdStrike said in the report.

Persons: What’s, CrowdStrike, Parametrix, ” Fitch, —, Asia “, ” CrowdStrike, “, Sean Lyngaas Organizations: CNN, Fortune, Delta Air Lines, The Department of Transportation, Microsoft, Windows, United, Fitch, CrowdStrike Locations: Europe, Asia

☆ ‘Inside Out 2’ becomes highest-grossing animated movie of all time
▼ + stars: | 2024-07-24 | by ( Erika Tulfo | ) edition.cnn.com time to read: +2 min

That’s after movie sequel “Inside Out 2” became the highest-grossing animated film of all time, raking in $1.46 billion at the global box office and dethroning former record holder “Frozen 2” from 2019, according to Disney on Wednesday. “Inside Out 2” hit theaters last month and passed the $1 billion mark just 19 days after its release — the fastest ever for an animated film. It’s currently on week six of its theatrical run and has already bagged a spot as the 13th highest-grossing film of all time. The excitement surrounding the “Inside Out 2“ release comes after the film industry was met with a slow start to the summer movie season. Discovery) and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data.

Persons: ”, ’, It’s, Daniel Loria, “ It’s, ” Loria, Paul Dergarabedian, “ Barbie ”, “ Oppenheimer ”, CNN’s Eva Rothenberg Organizations: New, New York CNN, Pixar, Disney, Hollywood, Box, showtime, Comscore, Warner Bros Locations: New York, Europe, Asia, East, United States, Americas, Brazil, Mexico, Colombia, Chile, Japan

☆ Investors want Fed cuts to be proactive rather than reactive, says JPMorgan's Gabriela Santos
▼ + stars: | 2024-07-23 | 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 EmailInvestors want Fed cuts to be proactive rather than reactive, says JPMorgan's Gabriela SantosGabriela Santos, JPMorgan Asset Management chief markets strategist for the Americas, joins 'Squawk Box' to discuss the latest market trends, state of the economy, regulatory outlook, and more.

Persons: JPMorgan's Gabriela Santos Gabriela Santos Organizations: Investors, JPMorgan Asset Management

☆ How Venezuela’s election could upend the geopolitics of the Americas
▼ + stars: | 2024-07-23 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

Caracas CNN —It would be easy to dismiss this Sunday’s presidential election in Venezuela as a fait accompli. The opposition campaign has re-energized its bases, and the candidature of Edmundo González has attracted widespread support in Venezuela and abroad. A chance to rebuild Venezuela’s economic power“On the ballot is how long it’ll take to fix Venezuela’s economy,” said Asdrubal Oliveros, founder of Caracas firm Ecoanalitica, in his weekly podcast on July 8. Once the fifth-largest economy in Latin America, today Venezuela’s economy has shrunk to the equivalent of a medium-sized city, smaller than say, Milwaukee, according to data from the IMF. As Venezuela’s economy has crumbled, around eight million Venezuelans have already fled their country, many of them scattered across South America.

Persons: Nicolas Maduro, ”, –, Laboratorio de Paz, Edmundo González, Asdrubal Oliveros, Andres, Maduro, Edmundo Gonzalez, Maria Corina Machado, Gabriela Oraa, Gonzalez, Consultores, Putin, Xi Jinping, who’s, “, Donald Trump Organizations: Caracas CNN —, Laboratorio, IMF, Andres Bello Catholic University, Central University of Venezuela, of American, World Bank, Inter, American Development Bank, Supreme, CNN Locations: Caracas, Venezuela, Ecoanalitica, Latin America, Milwaukee, AFP, United States, Americas, South America, Venezuelan, America, China, Iran, Russia, Miami, Cuba, Maduro, of American States, Mercosur, Algiers, Brussels, Buenos Aires, Spanish, Washington, Brexit, neofascism, Europe, India, Turkey, Philippines

☆ What to expect in Venezuela’s presidential election as strongman Maduro faces his biggest test yet
▼ + stars: | 2024-07-21 | by ( David Shortell | ) edition.cnn.com time to read: +9 min

Venezuelan opposition presidential candidate Edmundo Gonzalez and opposition leader Maria Corina Machado wave to supporters at the Central University of Venezuela UCV in Caracas on July 14, 2024. Analysts see those as the seeds of a pretext that Maduro could use to postpone or cancel the election at the last minute. Some have speculated that Maduro could use the crisis as an excuse to suspend the election. Supporters at a meeting with Venezuelan opposition presidential candidate Edmundo Gonzalez and opposition leader Maria Corina Machado at the Central University of Venezuela UCV in Caracas on July 14, 2024. Maduro currently faces drug trafficking and corruption charges in the US and is under investigation for crimes against humanity by the International Criminal Court.

Persons: Nicolás Maduro, Maduro, Edmundo Gonzalez Urrutia –, Hugo Chavez’s, Nicolas Maduro, Flores, Teresa Carreño, Jesus Vargas, “, Edmundo Gonzalez, Maria Corina Machado, Pedro Rances Mattey, Gonzalez, Corina Yoris, Oswaldo Ramírez, ORC Consultores, ”, Juan Barreto, Chávez, Ryan Berg, They’re, Machado, Yoris, –, Jimmy Carter –, Berg, ” Machado Organizations: CNN, of American, Teresa, Teresa Carreño Theater, International Monetary Fund, Central University of Venezuela UCV, Getty, Democratic, Venezuelan, Americas, Center for Strategic, International Studies, US, The Carter, European Union, CSIS, International Criminal, Socialist United Party Locations: Canada, United States, Caracas, Venezuela, Anadolu, “, Agua, Maiz, AFP, Guyana

☆ First confirmed moon cave could provide future astronauts shelter
▼ + stars: | 2024-07-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

The surface feature is Mare Tranquillitatis, or the Sea of Tranquility, where the Apollo 11 mission landed on the afternoon of July 20, 1969. Scientists have discovered a large lunar cave connected to a pit found within the moon's Sea of Tranquility. NASA/Goddard/Arizona State UniversityScientists have found a subterranean cavity beneath the Sea of Tranquility, and it may provide shelter for future lunar astronauts in the form of a cave. Lunar caves, or underground passages formed by volcanic processes during the moon’s early history, are connected to pits covering the lunar surface. The long, wide cave, found by reviewing archival NASA data, could be used to protect astronauts from harsh radiation and extreme temperature swings as well as provide a new avenue to study lunar rocks.

Persons: revel, Neil Armstrong, Buzz Aldrin, Artemis, Ramses, Hamilton, Lori Hilton, Maine coons, squint, ”, Dana Varble, Sharp, Jürgen, Missy Elliott’s, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, Goddard, Arizona State University Scientists, European Space Agency, French bulldogs, North American Veterinary Community, Space Agency, Sharks, New, CNN Space, Science Locations: Maine, Hamilton, Mexico, Mexican, Nuevo, Argentina, Americas, New Zealand, —, Cambodia, New York City, New Jersey

☆ The Trump trade: how a red wave could impact stocks, bonds, and commodities
▼ + stars: | 2024-07-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Read previewAs we near the November elections, investors are increasingly focused on what a Donald Trump win would mean for global markets and economies. The charts below show how stock sectors moved in the 24 hours after the debate and how a Trump administration might impact sectors with varying regulatory burdens. If Trump wins, investors will need to cut through the noise and at least understand how he might impact different parts of the economy. Where monetary policy is concerned, leading economist Christophe Barraud believes a Trump administration could pressure the Federal Reserve to be very accommodative on rates, in other words, steeper or sooner cuts. It expects a Trump Administration to allow LNG export permits after the Biden Administration attempted to halt them.

Persons: —, Donald Trump, Goldman Sachs, Joe Biden, Trump, Solita, Samantha Lamas, Goldman, Goldman's Jan Hatzius, Christophe Barraud, Bloomberg Businessweek Trump, Morgan Stanely, Morgan Stanley Organizations: Service, Trump, Business, Trump Media, Technology, UBS, Americas Global Wealth Management, Morningstar, Federal Reserve, Bloomberg Businessweek, Korea, Asia Pacific's, Republican, Trump Administration, Biden Locations: Predictit, Mexico, Canada, China, Japan, Germany, Asia, Goldman Sachs, Washington

☆ Flights grounded and passengers warned of delays amid global IT outage
▼ + stars: | 2024-07-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Crowds are seen building up at Suvarnabhumi Airport as a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem combine to affect users on July 19, 2024 in Bangkok, Thailand. Several airlines halted flights on Friday, while others warned of delays and services being unavailable as the impact of an unprecedented IT outage was felt globally. Organizations including Microsoft were left scrambling to restore apps and services used by a huge number of firms. Airlines across Europe, the Americas and Asia issued updates outlining the suspected extent of impact on their flight schedules and wider services. ET) that operations were "disrupted," excluding flights already en route, and that it would share further updates shortly.

Persons: Stephen Murphy, Grzegorz Drozdz Organizations: Suvarnabhumi Airport, Microsoft, Belfast International, Sky News, KLM, Air Locations: Bangkok, Thailand, Airlines, Europe, Americas, Asia, Air France

The information for the following product(s) has been collected independently by Business Insider: Citi Strata Premier℠ Card, Citi Prestige® Card, Citi Rewards+® Card, Citi® Double Cash Card, Citi Custom Cash℠ Card, AT&T Points Plus® Card. Good Citi Airline Transfer PartnersSome Citi airline transfer partners can provide decent value, but only in certain situations. Citi Airline Transfer Partners That Aren't Great ValueThe rest of the Citi ThankYou airline transfer partners are generally not worth considering, except for extremely niche redemptions. Otherwise, with the Citi Rewards+® Card, Citi ThankYou® Preferred Card, and Citi® Double Cash Card, the ratio is 5:4 (1,000 Citi ThankYou points = 800 Wyndham points). Other Rewards ProgramsIn addition to airline and hotel transfer partners, Citi ThankYou has one retail transfer partner.

Persons: Wyndham, Hilton, Lifemiles, Avianca, Eva, it's, It's, Accor, you'll, Howard Johnson, Travelodge —, you've, nonrefundable — Organizations: Business Insider, Citi, Premier, Card, Citi Prestige, Wyndham Rewards, JetBlue, Air France, KLM, Singapore Airlines, Cathay Pacific, Citi Transfer, Citi Strata Premier, Citi Prestige ®, Partners, Turkish Airlines Miles, Turkish, Star Alliance, Miles, United Airlines, United, Blue Air France, Singapore Airlines KrisFlyer Singapore Airlines, Air, Lufthansa, Alaska Airlines, KrisFlyer, Virgin Atlantic Flying, Virgin, Delta, Flying, Ethiopian Airlines, Good Citi, Transfer Partners, Etihad Guest Etihad, Czech Airways, Etihad, Royal Air Maroc, Cathay, Cathay Pacific Asia Miles Cathay, Oneworld, American Airlines, British Airways, Qantas Frequent Flyer, Qantas, Transfer, Aeromexico, Premier Aeromexico, Emirates Skywards, Emirates, Qatar Airways Privilege, Gulf, American, Qatar Airways . Thai Airways Royal Orchid Plus Thai Airways, Raffles, Citi Premier, Prestige, Choice, Comfort, Radisson Hotels, Radisson, Wyndham, Vacasa, Sears, CitiTravel.com, EV, Aeromexico Club Premier Air France, Cathay Pacific Asia, JetBlue TrueBlue Qantas Frequent Flyer Qatar Airways Privilege Club Singapore Airlines KrisFlyer Thai Airways Royal Orchid Plus Turkish Airlines Miles, Smiles, Atlantic Flying Club Wyndham Rewards, ℠ Locations: Hawaii, Europe, Air Canada, Singapore, Delta, Prague, Seoul, New York, JFK, Casablanca, Cathay Pacific Asia, Los Angeles, Hong Kong, Cathay Pacific, Emirates, Qatar, Fairmont, Sofitel, Clarion , Cambria, Canada, Caribbean, America, Chevron

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