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NASA is considering keeping the two astronauts who flew Boeing's capsule to the International Space Station there until February as a result of issues the spaceship encountered midflight. NASA astronauts Butch Wilmore and Suni Williams before boarding Boeing's Starliner capsule at the Cape Canaveral Space Force Station, Fla., on May 6. The thruster issues cropped up as Starliner was nearing the space station in June, forcing delays during the docking process. Mission managers also conducted two “hot fire tests” in space, firing the capsule’s thrusters in short bursts while it remained docked at the space station. SpaceX has been transporting astronauts to the International Space Station since 2020.

Persons: Butch Wilmore, Suni Williams, Butch, Suni, ” Steve Stich, ” Wilmore, Williams, Stich, John Raoux, Ken Bowersox, ” Bowersox, Starliner, ” Stich Organizations: NASA, International, SpaceX, Boeing, Cape Canaveral Space Force, ”, Engineers, International Space Locations: Fla, New Mexico

☆ Rapid user growth impacting revenue per user, says Reddit CEO Steve Huffman
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRapid user growth impacting revenue per user, says Reddit CEO Steve HuffmanSteve Huffman, Reddit co-founder and CEO, joins 'Closing Bell Overtime' and CNBC's Julia Boorstin to talk quarterly results, user growth, advertising and more.

Persons: Steve Huffman Steve Huffman, Reddit, Julia Boorstin

☆ How the Google Antitrust Ruling May Influence Tech Competition
▼ + stars: | 2024-08-06 | by ( Steve Lohr | ) www.nytimes.com time to read: +1 min

In 2000, a ruling in a U.S. antitrust case against Microsoft helped set the rules of competition for the digital giant of its day. At the time, a federal judge said Microsoft had abused the monopoly power of its Windows operating system and ordered that the company be split up. More than two decades later, a ruling in a Google antitrust case similarly promises to shape new rules for the tech industry. Judge Amit P. Mehta of U.S. District Court for the District of Columbia found on Monday that Google had violated antitrust laws by stifling rivals in internet search to protect its monopoly. The Google ruling, and potential remedies to be decided by Judge Mehta, are likely to weigh heavily on those cases, including a second lawsuit against Google over ad technology, which is scheduled to go to trial next month.

Persons: Judge Amit P, Mehta, Apple, Judge Mehta Organizations: Microsoft, U.S, District of Columbia, Google Locations: U.S

☆ Decline in Veterans’ Homelessness Spurs Hopes for a Broader Solution
▼ + stars: | 2024-08-06 | by ( Jason Deparle | ) www.nytimes.com time to read: +1 min

After two years in the Air Force and decades on Skid Row, Steve Allen was spending his senior years living in his car. Home for Babs Ludikhuize, an Air Force veteran recovering from domestic violence, was in psychiatric care. Now all three have comfortable apartments with subsidized rents, and they embody what many analysts call the greatest success in homelessness policy — the decline in homeless veterans. Progress in the veterans program has slowed as rising rents displace more tenants and make it harder to help them regain housing. But while homelessness among veterans rose last year, the increase was smaller than other groups faced.

Persons: Steve Allen, John Sullivan, “ Patton, ”, Babs Ludikhuize Organizations: Air Force, Army, Department of Veterans Affairs, Department of Housing, Urban

☆ What to watch at the Olympics today: Elimination games for U.S. women’s soccer and men’s basketball
▼ + stars: | 2024-08-06 | by ( Lauren Merola | ) www.nytimes.com time to read: +7 min

There are six days of Olympic competition left and only four women’s soccer teams remain vying for gold. It’s also win or go home for the U.S. men’s basketball team, which went undefeated in pool play to emerge as the No. Trinity Rodman celebrates with Emily Fox after scoring the winning goal against Japan during the women’s quarterfinals of the Paris Games. Durant needs just four more points to become USA Basketball’s all-time leading scorer at the Olympics for both the men’s and women’s programs. The men’s long jump final, men’s 1,500-meter final, women’s 3,000-meter steeplechase and women’s 200-meter final close out a five-medal day in athletics.

Persons: It’s, Trinity Rodman, Emily Fox, Brad Smith, Rodman, Mallory Swanson, Sophia Smith —, Kevin Durant, Anthony Edwards, LeBron James, Durant, Lisa Leslie, Jayson Tatum, Steve Kerr, Holiday, Long, DeAnna Price, Annette Echikunwoke, Echikunwoke, Price, Poland’s Anita Wlodarczyk, Saint Lucia’s Julien Alfred —, Gabby Thomas, Wally Skalij, Sara Hughes, Kelly Cheng, Tanja Hüberli, Nina Brunner, Hughes, Cheng, Italy’s Valentina Gottardi, Marta Menegatti, Alexandra Klineman, Ross, Kerri Walsh Jennings, Jennings, Misty, Treanor, elly C heng!, E, mpics & Organizations: U.S, Japan, Paris Games, Getty, USA Network, Telemundo, United, Canada, Tokyo, Lyon, Germany, Trinity, USA, Bercy Arena, Team USA, NBA, Puerto Rico, Olympics, thwarts, Brazil, NBC, Stade de France, Olympic, Rio Games, Don’t, Eiffel, Los Angeles Times, Swiss, ris Locations: United States, Germany, Paris, U.S . Japan, Japan, Lille, Serbia, South Sudan, Puerto Rico, Brazil, France, USA, thwarts Puerto Rico, U.S, Tokyo, Canada, Rio

☆ Cole Hocker stuns the world, outkicks Josh Kerr to win men’s 1500m title Olympic gold
▼ + stars: | 2024-08-06 | by ( Matthew Futterman | ) www.nytimes.com time to read: +9 min

He was courageous enough to try to do one of the hardest things in running, win a race from the front, wire-to-wire. 😱 A STUNNING upset in the men’s 1500m as AMERICAN COLE HOCKER takes gold! This was the race that all running nerds had circled on their Olympic schedules, but not because of Hocker. Oldest brother Henrik finished fifth in the 1,500 meters at the 2012 Olympics. He said he tried to respond, but ran out of gas – 1500 meters had proven “just 100 meters too much.”“I ruined it for myself by going way too hard,” he said.

Persons: Cole Hocker, outrunning Jakob Ingebrigtsen, Josh Kerr, Hocker —, Steve Prefontaine —, Kerr, Yared, outkicked Ingebrigtsen, Ingebrigtsen, Scot, allen, ould, O, “, egan, ake W, ruth, ake, ike Organizations: United States, University of Oregon, Olympic, ust Locations: Indianapolis, ictory

☆ Prosecutors used an AI tool to send a man to prison for life. Now the person who created it is under investigation.
▼ + stars: | 2024-08-06 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

But prosecutors had no direct evidence tying Black to the location of the murder, an Ohio appellate court later said. In many cases, prosecutors themselves don't even have access to the source code and haven't reviewed the underlying technology. Back in Akron, the judge in Rankin's case ordered the Cybercheck evidence excluded after prosecutors failed to turn over the source code. The Summit County Prosecutor's Office declined to comment when reached by BI. It's unclear how many others may be behind bars because of Cybercheck evidence that was never rigorously scrutinized.

Persons: Adarus Black, Black, Na'Kia Crawford, Crawford, Adam Mosher, Mosher, Cybercheck, Chris Ramsey, It's, That's, Donald Malarcik, Summit County who've, Javion Rankin, Tyraye Carter, Rankin, Malarcik, Eric Zale, Zale, Mr, Shara Munn, she'd, Freiheit, Meghan, Breck, Roesch, weren't, They've, who's, isn't, Phillip Mendoza, Kimberly Thompson, Brian James, Tyree Halsell, Mendoza, Mosher's, Steve Michniak, Michinaik, William Holland, Brian Stano, Katherine Long, Jack Newsham Organizations: Business, NBC News, Cybercheck, Prosecutors, Police, Fleming College, Technicians, Akron Police Department, University of Saskatchewan, Summit, Prosecutor's, BI Locations: America, Akron , Ohio, Ohio, Colorado , New York, Florida, New York, Philadelphia, Houston, Denver, Akron, Summit County , Ohio, Canada, Toronto, Summit County, Boulder , Colorado, New Brunswick, Calgary, Colorado, Nevada, Pennsylvania, Colorado , Ohio, East Akron , Ohio, Summit, Portage County, Lake Erie

☆ Reddit reports better-than-expected results for second quarter as digital ad market improves
▼ + stars: | 2024-08-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Here are the key numbers:Loss per share: 6 cents vs. the loss of 33 cents expected by LSEG6 cents vs. the loss of 33 cents expected by LSEG Revenue: $281 million vs. $254 million expected by LSEGSales in the second quarter rose 54% from a year earlier. The company's net loss narrowed to $10.1 million from $41.1 million in the same quarter a year earlier. The company said its average revenue per user was $3.08 in the second quarter, topping analyst estimates of $3.02. This is Reddit's second quarterly earnings report since the company went public in March on the New York Stock Exchange.

Persons: Steve Huffman, Snoo, Reddit Organizations: New York Stock Exchange, LSEG Revenue, LSEG, Apple, Nvidia

☆ Secretaries of State say X's AI shared false election information
▼ + stars: | 2024-08-05 | by ( Kevin Breuninger | ) www.nbcnews.com time to read: +3 min

Five secretaries of state on Monday urged Elon Musk to fix his social media platform X’s artificial intelligence search assistant after it allegedly shared false information about the 2024 presidential election. “In all nine states the opposite is true,” said the letter, which was first reported by The Washington Post. In Monday’s letter, the secretaries of state wrote that Grok’s false claim was “shared on multiple social media platforms” within hours of Biden’s announcement. But “the false information about ballot deadlines has been captured and shared repeatedly in multiple posts — reaching millions of people,” the officials wrote. “Furthermore, Grok continued to repeat this false information for more than a week until it was corrected on July 31, 2024,” the letter alleged.

Persons: Elon Musk, Musk, chatbot Grok, Joe Biden, Donald Trump, Trump, Biden, Kamala Harris, ‘, Steve Simon, “, ”, Simon, Al Schmidt, Pennsylvania, Simon Steve Hobbs, Michigan’s Jocelyn Benson, Maggie Toulouse Oliver, Schmidt, Grok, X, OpenAI’s Organizations: Monday, SpaceX, Democratic, The Washington Post, Republican, CNBC, Trump, Republicans, America PAC Locations: Pennsylvania , Michigan, Minnesota, New Mexico, Alabama , Indiana , Ohio , Texas, Washington, United States

☆ The yield curve turning positive will help spur commercial & mortgage activity, says WaFed's Beardall
▼ + stars: | 2024-08-05 | 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 EmailThe yield curve turning positive will help spur commercial & mortgage activity, says WaFed's BeardallCNBC's Steve Liesman and Brent Beardall, president and CEO of WaFed Bank, join CNBC's 'The Exchange' to discuss the latest market moves.

Persons: WaFed's, Steve Liesman, Brent Beardall, CNBC's Organizations: WaFed Bank

☆ Chicago Fed President Austan Goolsbee: If conditions start to deteriorate, the Fed will 'fix it'
▼ + stars: | 2024-08-05 | 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 EmailChicago Fed President Austan Goolsbee: If conditions start to deteriorate, the Fed will 'fix it'CNBC’s Steve Liesman and Chicago Fed President Austan Goolsbee joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, rate path outlook, and more.

Persons: Austan Goolsbee, Steve Liesman Organizations: Chicago, Chicago Fed

☆ Trade Tracker: Steve Weiss bought and sold Meta this morning
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss bought and sold Meta this morningSteve Weiss, founder and managing partner at Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain his latest tactical Meta trade.

Persons: Steve Weiss Organizations: Short Hills Capital Partners

☆ How Noah Lyles became Olympic 100m champion: A 300-page textbook, biomechanics and a stickman
▼ + stars: | 2024-08-05 | by ( Liam Tharme | ) www.nytimes.com time to read: +9 min

Sixty metres into the men’s 100-metre Olympic final in Paris and Noah Lyles is third. AdvertisementThe headline is Lyles winning by five-thousandths of a second in the closest men’s 100m Olympic final ever — and the hardest for which to qualify. Lyles (9.78sec) ran the fastest time in an Olympic 100m final since Bolt’s Olympic record (9.63) in London back in 2012. The final frontier for him to become Olympic champion was the start… so here’s the story of how a 75-year-old and a stickman helped give Lyles the edge. At Lyles’ training base in Clermont, Florida, Mann, now 75, has a marquee set up by the side of the track.

Persons: Noah Lyles, Fred Kerley, Jamaica’s Kishane Thompson, Lyles, Usain Bolt, ”, Ralph Mann, —, Mann, Lyles ’, Tim Clayton, Corbis, you’ve, Mario, ” Lyles, “, imploring Mann, Christian Coleman, Coleman, Letsile, Thompson, Marcell Jacobs, Jacobs, Akani, he’s, Noah, Steve Magness, Simbine, — Mann, “ Ralph Mann, Andy Cheung Organizations: Getty, Olympic, Olympics, Stade de France, U.S, Paris Diamond League, Thompson's Locations: Paris, London, Clermont , Florida, Glasgow, Tokyo, Seville, Lyles, 6.41sec, 3.35sec

☆ Elon Musk's X AI shared false election information after Biden dropped out, officials say
▼ + stars: | 2024-08-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Five secretaries of state on Monday urged Elon Musk to fix his social media platform X's artificial intelligence search assistant after it allegedly shared false information about the 2024 presidential election . Musk, the billionaire CEO of Tesla and SpaceX, had endorsed Republican presidential nominee Trump before Biden quit the race and backed Vice President Kamala Harris as the Democratic nominee. "In all nine states the opposite is true," said the letter, which was first reported by The Washington Post. Musk has previously said that he created and is donating to a political action committee that is supporting Trump and Republicans. That group, America PAC, is being investigated by Benson's office over its efforts to collect voter data in key swing states.

Persons: Musk, chatbot Grok, Joe Biden, Donald Trump, Elon Musk, Trump, Biden, Kamala Harris, Steve Simon, Simon, Al Schmidt, Steve Hobbs, Jocelyn Benson of, Maggie Toulouse Oliver, Schmidt Organizations: Monday, SpaceX, Democratic, The Washington Post, Pennsylvania, Republican, CNBC, Trump, Republicans, America PAC Locations: Pennsylvania , Michigan, Minnesota, New Mexico, Alabama , Indiana , Ohio , Texas, Washington, United States, Jocelyn Benson of Michigan

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

We've compiled everything you need to know about how to watch Crawford vs. Madrimov, including PPV prices around the world. Crawford vs. Madrimov is just the title event in an already stacked night that also includes a performance from Eminem. How to watch Crawford vs. Madrimov in the US & CanadaThe Crawford vs. Madrimov showdown will live stream through DAZN in the US and Canada. ET, but the Crawford vs. Madrimov ring walk won't begin until later in the evening, at around 11:30 p.m. Check price at DAZNHow to watch Crawford vs. Madrimov in the UKCrawford vs. Madrimov will also live stream on DAZN in the UK.

Persons: Terence Crawford, Israil Madrimov, Crawford, American Crawford, Madrimov, Eminem, it's, we've, It's, ExpressVPN, Andy Ruiz, Jarrell Miller, Jared Anderson, Martin Bakole, Isaac Cruz, Jose Valenzuela, David Morrell, Radivoje, Andy Cruz, Antonio Moran, Steve Nelson, Marcos Ramon Vazquez, Ziyad Almaayouf, Michal Bulk Organizations: Business, WBA, BMO, & Canada Locations: American, Uzbekistan, KOs, Los Angeles, Riyadh, Canada, Crawford

That level of intensity in a short period of time necessitated a crew of hardened professionals, several sources with knowledge of Harris' strategy said. Next week, a major campaign swing, then the convention and then it’s the debate,” one person with knowledge of Harris’ strategy said. Mitch Stewart will act as a senior adviser on battleground states, and Palmieri will serve as senior adviser to the second gentleman. “In Wisconsin, we have had more online volunteer sign-ups since July 21st than between January 1st and July 20th,” a Harris campaign aide said. “That’s a game-changer to a ground game in a small state like Nevada,” Molly Forgey, a Nevada Democratic strategist, said.

Persons: Kamala Harris ’, David Plouffe, Barack Obama’s, Stephanie Cutter, Jennifer Palmieri —, Harris, Joe Biden’s, Mike Donilon, Steve Ricchetti, Obama, Mitch Stewart, Palmieri, Brian Fallon —, ”, Pete Giangreco, Biden, Trump, “, Cutter, Jen O’Malley Dillon, Julie Rodriguez, “ Harris, Molly Forgey, Forgey, there’s, —, Chris Korge, he's Organizations: Democratic, White, Trump, “, Democratic National Committee, Democratic Congressional, Committee, ”, Nevada Democratic Locations: “, Arizona, Nevada, Wisconsin, “ In Wisconsin, Philadelphia, ” In Nevada

☆ NASA weighs Boeing vs. SpaceX choice in bringing back Starliner astronauts
▼ + stars: | 2024-08-02 | by ( Michael Sheetz | ) www.nbcnews.com time to read: +6 min

NASA this week has been discussing the possibility of returning Starliner empty and instead using SpaceX’s Crew Dragon spacecraft to return its astronauts. The Boeing crew flight was initially planned to last a minimum of nine days. NASA previously noted that SpaceX serves as a backup but has sought to deemphasize that possibility, calling Boeing’s spacecraft the “primary option” for return. Already, Boeing’s Starliner losses total more than $1.5 billion due to repeated setbacks and years of delays in developing the spacecraft. If NASA backs Boeing and returns Wilmore and Williams on Starliner, the agency is accepting a currently unquantifiable amount of risk.

Persons: Butch Wilmore, Suni Williams, —, ”, Williams, Mark Nappi, “ We’re, ” Nappi, Steve Stich, Starliner Organizations: NASA, SpaceX, International Space Station, CNBC, Boeing, Ars Technica, Boeing’s, Space, Commercial, Starliner Locations: Starliner

☆ Dwyane Wade on Team USA's Olympic potential, embracing life as a broadcaster
▼ + stars: | 2024-08-02 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

Despite being in France for the Paris Games for more than a week, Dwyane Wade has spent only one night in the City of Light. And I’m having a good time when I’m on air.”Wade has called the first two group games for the U.S. men’s basketball team, which is looking for its fifth straight gold medal. “This team is so deep, in six games we’re not going to get an opportunity to see how dope this team really is,” Wade says. “But I know basketball. In 2008, Wade was two summers removed from winning NBA Finals MVP but he still came off the bench that summer.

Persons: Dwyane Wade, they’ll, ” Wade, “, I’m, Wade, we’re, LeBron James, Kevin Durant, Steve Kerr, Jayson Tatum didn’t, Joel Embiid, aren’t, ’ ” Wade, LeBron, Chris Paul, Kobe Bryant, ”, hasn’t, Shai, Gilgeous, Alexander, It’s, Noah Eagle, Eagle, “ I’ve Organizations: Paris Games, of Famer, Olympic, NBC, NBC News, U.S, NBA, Serbia, USA, TNT Locations: France, City of, Lille, Paris, Beijing, South Sudan, Sudan, Canada

☆ Friday's jobs report makes September cut very likely: JPMorgan’s David Kelly
▼ + stars: | 2024-08-02 | 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 EmailFriday's jobs report makes September cut very likely: JPMorgan’s David KellyDavid Kelly, JPMorgan Asset Management chief global strategist; David Zervos, Jefferies chief market strategist; Stephanie Roth, Wolfe Research chief economist; and Steve Liesman join 'CNBC's Special' to discuss what Friday's weak job reports suggest, their expectation from the Fed, and more.

Persons: JPMorgan’s David Kelly David Kelly, David Zervos, Stephanie Roth, Wolfe, Steve Liesman Organizations: JPMorgan Asset Management, Jefferies, Wolfe Research

☆ Odland: Economy will slow this year but not into a recession
▼ + stars: | 2024-08-02 | 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 EmailOdland: Economy will slow this year but not into a recessionSteve Odland, President and CEO of The Conference Board, discusses the July jobs report, the economy, and interest rates.

Persons: Steve Odland Organizations: Conference Board

☆ We are not yet in a bear market: Interactive Brokers' Steve Sosnick
▼ + stars: | 2024-08-02 | 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 EmailWe are not yet in a bear market: Interactive Brokers' Steve SosnickSteve Sosnick, Interactive Brokers chief strategist, joins The Exchange to discuss the performance of small-cap stocks in the market rotation and more.

Persons: Steve Sosnick Steve Sosnick Organizations: Interactive, Interactive Brokers

☆ Daily Open: U.S. stocks fall; 10-year Treasury yield drops below 4%; Apple beats Street while Amazon falters
▼ + stars: | 2024-08-02 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks retreatU.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. The 10-year yield last traded at 3.981%, down 12.3 basis points, while the two-year yield eased to 4.156%. Looking ahead, Apple expects services to grow by about 14%. Apple CEO Tim Cook told CNBC's Steve Kovach the company has increased spending on Apple Intelligence to get it ready by fall.

Persons: Russell, Tim Cook, CNBC's Steve Kovach Organizations: New York Stock Exchange, Wall, CNBC, Dow Jones Industrial, Nasdaq, Labor Department, Institute for Supply, Treasury, U.S . Federal Reserve, Apple, Apple Intelligence, Tech, CNBC Pro Locations: New York City, Stocks

☆ Daily Open: Stocks fall; 10-year Treasury yield drops; Apple beats Street while Amazon disappoints
▼ + stars: | 2024-08-02 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. stocks retreatU.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. Treasurys gainThe benchmark 10-year Treasury yield fell below 4% for the first time since February as investors digested weak job numbers and braced for a September rate cut by the U.S. Federal Reserve. The 10-year yield last traded at 3.981%, down 12.3 basis points, while the two-year yield eased to 4.156%. Asian stocks tumbleJapanese stocks dropped 5.8% on Friday as Asia-Pacific markets reacted negatively to the sell-off on Wall Street.

Persons: Russell, Tim Cook, CNBC's Steve Kovach, Brian Olsavsky Organizations: CNBC, Dow Jones Industrial, Nasdaq, Labor Department, Institute for Supply, Treasury, U.S . Federal Reserve, Nikkei, SoftBank, Mitsui, Marubeni, CSI, Services, Apple, Apple Intelligence, Olympics, Tech, CNBC Pro Locations: U.S, Asia, Pacific

☆ VP hopefuls are clearing their schedules as Harris' search nears its end
▼ + stars: | 2024-08-02 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Josh Shapiro of Pennsylvania, considered a frontrunner for the role of Harris' running mate, abruptly canceled a three-event fundraising event in the Hamptons, The New York Times reported. However, Beshear posted on X on Thursday that his father, former Kentucky Gov. pic.twitter.com/GMl611jC5h — Adam Wren (@adamwren) August 1, 2024The search for Harris' running mate is in its final days. The Harris campaign told Politico that Harris would stage her first rally with her running mate in Philadelphia on Tuesday. According to Politico, Harris is preparing for face-to-face interviews with her shortlist, marking the last stage of an expedited vetting process.

Persons: —, Kamala Harris, veepstakes, Josh Shapiro, Harris, Manuel Bonder, Shapiro, Shapiro's, Andy Beshear, timetabled, Jacqueline Coleman, Beshear's, Beshear, Steve Beshear, Pete Buttigieg, hasn't, Adam Wren, Pete Buttigieg truncating, GMl611jC5h, Gretchen Whitmer, Tim Walz, JB Pritzker, Arizona Sen, Mark Kelly Organizations: Service, Pennsylvania, Hamptons, The New York Times, Business, Times, Gov, Kentucky Gov, US Department of Transport, Politico, Reuters, NBC, Minnesota Gov, Illinois Gov Locations: Kentucky, Kokomo , Indiana, Indiana, Philadelphia, Illinois, Arizona

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