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☆ ‘Twisters’ Review: When the Monster Is Real
▼ + stars: | 2024-07-18 | by ( Alissa Wilkinson | ) www.nytimes.com time to read: +3 min

My name is Lee Isaac Chung and I am the director of “Twisters.” So this is a scene that happens about halfway through the film. Other interesting actors in this sequence, we have James Paxton, who is actually the son of Bill Paxton. Really, the intent of doing this was to create that feeling, that subjective feeling of what it’s like to experience a tornado in real time. So any time we’re filming inside of this swimming pool, there were people outside, our crew, who were destroying the set. The swimming pool had actually never been there.

Persons: Lee Isaac Chung, “, Kate, Daisy Edgar, Jones, Tyler, Glen Powell, James Paxton, Bill Paxton, Lily Smith, Mark L, Smith, Samantha Ireland, Aila Grey, Jeff Swearingen, Scott Fisher, he’s yanked, Jeff, Geoff Haley

☆ Has ‘world’s rarest whale’ washed up on a beach? Scientists are scrambling to find out
▼ + stars: | 2024-07-16 | by ( Isaac Yee | ) edition.cnn.com time to read: +4 min

Now, experts in New Zealand are scrambling to confirm whether a 5-meter (16-foot) carcass that recently washed ashore on the country’s South Island is the near-mythical spade-toothed whale. After inspection and consultation with marine-mammal experts, scientists believed the carcass was that of a male spade-toothed whale, though more tests were needed. It may take several weeks or months for the DNA to be processed and a final species ID to be confirmed, according to New Zealand’s conservation department. If the carcass is confirmed as a spade-toothed whale and dissected, Hendriks from the DOC said scientists will be very interested in details of its its stomach and gastrointestinal tract. “This can tell us about what the whale has been eating, but it is also significant because every beaked whale species has a unique stomach plan,” she said.

Persons: CNN —, it’ll, ”, Hannah Hendriks, Gabe Davies, ” Davies, Nadia Wesley, Smith, Te, “ Organizations: CNN, New Zealand’s Department of Conservation, Coastal Otago, RNZ, University of Auckland Locations: New Zealand, ”, Zealand, Te Rūnanga, Pitt, of Plenty, Gisborne

☆ A transportation stock is setting up for an oversold bounce, according to the charts
▼ + stars: | 2024-07-15 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: DAL, Katie Stockton Organizations: Delta Air Lines, DAL, DeMARK, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ Swatch sales, profits hit by flagging demand in China
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: +2 min

Swatch Group reported a steep fall in first half sales and earnings on Monday as the world's biggest watchmaker struggled with weaker demand in China. The sales figure missed the 3.75 billion francs forecast by analysts in a consensus gathered by Visible Alpha. Net profit tumbled to 147 million francs from 498 million francs, it added. Sales during the first half of the year were hurt by a negative currency impact of 145 million francs, it noted. Sales figures outside of China in local currencies were at the level of 2023, a record year, Swatch said.

Persons: Nick Hayek, Tissot, Longines Organizations: Swatch Group, Swatch ETA, Swatch, Alpha Locations: Grenchen, Switzerland, China, Swiss, Hong Kong, Macau, Japan, United States

☆ Buying the dip on a cheap stock? Don't do it 'just because the price has gone down,' says investing chief
▼ + stars: | 2024-07-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

"Buying because the stock price has gone down without knowing some of the underlying issues or without understanding some of the underlying activities, could be problematic," says Clark Bellin, president and chief investment officer at Bellwether Wealth. After all, a stock could take major losses and then soar to new heights à la Apple. But what about that same markdown in the price of that company's stock? You'll just have to figure some things out before you buy, says Sam Stovall, chief investment strategist at CFRA. Rather than scrambling to do research, he says, keep a watchlist of stocks you'd be interested in buying at the right price.

Persons: Clark Bellin, Sam Stovall, Bellin, Charles Rotblut, Stovall, It's, Raife Giovinazzo, Giovinazzo Organizations: Blockbuster, Nike, American Association of, Fuller, Thaler Asset Management, Nasdaq, Yahoo Finance, CNBC

☆ Earnings in the week ahead could be the next catalyst for a broadening market
▼ + stars: | 2024-07-12 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

IWM 5D mountain iShares Russell 2000 ETF Next week's earnings results will help investors glean whether that rotation trade is sustainable. The Dow Jones Industrial Average, which is weighted more toward the real economy than is the S & P 500 and Nasdaq, rose to a new record above 40,000. According to FactSet consensus estimates, S & P 500 companies are set to post blended earnings growth of 9.2% in the second quarter. "It's not unthinkable to see us exiting this year at 5,800 on the S & P," he said. This follows a difficult 2Q, when 75% of Large Cap Core managers trailed the S & P 500," Palfrey wrote.

Persons: Patrick Palfrey, Hogan, Keith Buchanan, Buchanan, Palfrey, David Sekera, Quincy Krosby, Goldman Sachs, Morgan Stanley, Huntington Organizations: Nasdaq, UBS, Investors, Riley, Dow Jones, Globalt Investments, Riley Securities, Big Tech, Core, LPL, BlackRock, Bank of America, Taiwan Semiconductor, Price, Retail, Hunt Transport Services, State, PNC Financial Services, UnitedHealth, United Airlines, Discover Financial Services, U.S . Bancorp, Johnson, Citizens Financial Group, Philadelphia Fed, Netflix, T Bank, KeyCorp, American Express, Halliburton, Fifth Third Bancorp, Regions Locations: Nasdaq, NAHB, Horton, Blackstone, Taiwan

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Micron, Apple, Starbucks, Amazon, Netflix, Oracle, Microsoft & more
▼ + stars: | 2024-07-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

forward Price Target (28% upside)." Bank of America reiterates Micron as buy Bank of America said it's sticking with its buy rating after a series of constructive management meetings. Benchmark reiterates Nvidia as buy Benchmark raised its price target on Nvidia to $170 per share from $135. "We are raising our rating on Booking Holdings (BKNG) to Buy from Hold and establishing a new $4,700 per share price target." "We are initiating coverage on Carvana Co. with a BUY rating and $155 PT."

Persons: Tesla, Wolfe, Price, Bernstein, Apple, Morgan Stanley, it's, BTIG, Baird downgrades Visteon, Baird, Jefferies, Jill, Piper Sandler, Piper, DraftKings Organizations: UBS, Spotify, Citi, Bank of America, Micron, Barclays, Medicines, JPMorgan, Netflix, Amazon's, Nvidia, Western Digital, Holdings, Booking Holdings, Jefferies, Inter, Microsoft, Oracle, Deutsche Bank, Deutsche Locations: 2H24

☆ Tour $60 million mansion in Delray Beach, Florida
▼ + stars: | 2024-07-12 | by ( Ray Parisi | ) www.cnbc.com time to read: +12 min

The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million. Daniel PetroniThe trophy home's massive footprint and its giant oceanfront lawn are a rare sight on this strip of beach in Palm Beach County. While the estate has been on and off the market since December 2021, its $60 million price tag holds steady. Daniel PetroniThe home's driveway passes through a grand archway called a porte-cochere that leads to a circular motor court. Daniel PetroniThe home's so-called auto lounge is an underground garage adorned with giant crystal chandeliers, ornate ceilings and parking for seven cars.

Persons: Daniel Petroni, Massimo Musa, Musa, Senada, Douglas Elliman, Adzem, Pietra, Mar Pietra, Mar, Daniel Petroni Musa, Vanderbilt, Daniel Petroni Mar Organizations: CNBC, Sunrise, Delray, South, Palm, Mar, Vehicles, Vizcaya Museum, Gardens Locations: Delray Beach , Florida, Italian, Florence, Italy, Yucatan, Verona, Colombia, Delray Beach, Rome, Palm Beach County, Intracoastal, South Florida, Highland Beach, Mar, Florida, intracoastal, Miami

☆ ‘Show the violated work’: Artist requests vandalized sculpture remains on view
▼ + stars: | 2024-07-12 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —A controversial statue by Pakistani-American sculptor Shahzia Sikander — one of a handful of public pieces by the celebrated artist — has been beheaded at the University of Houston. The intact work of art, seen while on display in Madison Square Park in 2023. The university cancelled an opening celebration of Sikander’s work along with a scheduled talk from the artist. “And I hold the University of Houston accountable for their inadequate response and failure to protect the art. I have asked the university to remove the tarp and show the violated work.

Persons: Shahzia Sikander —, —, Lynda Churilla, Ruth Bader Ginsburg, Beryl, Sikander, ”, “ Organizations: CNN, University of Houston, “, Madison Square, Madison Square Park, Houston, University of Houston Police Department Locations: Madison, Manhattan, New York, Madison Square, Texas, Houston

☆ High inflation is largely not Biden's or Trump's fault, economists say
▼ + stars: | 2024-07-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

The Federal Reserve, which acts independently from the Oval Office, was slow to act to contain hot inflation, for example. That Biden is seen as stoking high inflation is due somewhat to optics: he took office in early 2021, around the time inflation spiked notably, economists said. "In my view, neither Trump nor Biden is to blame for the high inflation," said Mark Zandi, chief economist at Moody's Analytics. At a high level, hot inflation is largely an issue of mismatched supply and demand. For example, Trump imposed tariffs on imported steel, aluminum and several goods from China, which Biden largely kept intact.

Persons: Joe Biden, Donald Trump, Justin Sullivan, Trump, Biden, David Wessel, Mark Zandi, Wu Shaoyang, Wessel, Zandi, Stephen Brown, Eric Baradat, —, Michael Strain, Strain, Jerome Powell, Olivier Douliery Organizations: CNN, Getty, Federal Reserve, Biden, Trump, Hutchins, Brookings Institution, Moody's, Qingdao Port, International Monetary Fund, North, Capital Economics, American, Afp, American Enterprise Institute, Federal, . Federal Locations: Atlanta, U.S, Ukraine, Qingdao, Shandong Province, China, North America, Washington, It's

☆ Fossils of ancient chromosomes found for the first time in 52,000-year-old woolly mammoth skin
▼ + stars: | 2024-07-11 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

CNN —A piece of woolly mammoth skin excavated from the Siberian permafrost has been found to contain fossil chromosomes in a first-of-its-kind discovery, according to a new study. The new study revealed that fossils of ancient chromosomes survive in this skin sample. But the DNA from elephants was also needed to assemble the mammoth genome. The researchers hope to use the findings to assemble the woolly mammoth genome completely. “This structural information provides insights into functions of the woolly mammoth genome that were invisible using previous genomic methods,” Heintzman said in an email.

Persons: ”, Erez Lieberman Aiden, Lieberman Aiden, Olga Dudchenko, Dudchenko, Elena Kizilova, Kevin Campbell, ” Campbell, ” Dudchenko, ” Aiden, “, Cynthia Pérez Estrada, ” Pérez Estrada, there’s, Adam Fotos “, Marcela Sandoval, Velasco, Pérez Estrada, Peter Heintzman, ” Heintzman, Dmitry Filatov, ” Filatov, ” Hendrik Poinar, Poinar Organizations: CNN, Baylor College of Medicine, Center, Theoretical, Rice University, of Cytology, University of Manitoba, Stockholm University, Houston Astros, Center for Genome Architecture, Baylor, Rice’s, University of Copenhagen, University of Oxford, McMaster University Locations: Belaya Gora, Siberia, Canada, Stockholm, Denmark, “, Sweden, paleogenomics, United Kingdom, Ontario

☆ Alabama death row inmate Keith Gavin pleads with state to not autopsy his body after execution, citing his Muslim faith
▼ + stars: | 2024-07-10 | by ( Emma Tucker | Rebekah Riess | ) edition.cnn.com time to read: +3 min

CNN —An Alabama death row inmate who is set to be executed by lethal injection next week has asked the state to forgo an autopsy of his body after he is put to death, saying it would violate his religious beliefs as a practicing Muslim, a lawsuit says. Keith Gavin, who is set to be executed next Thursday or Friday, says his body will be subjected to an “invasive autopsy” that would violate his “sincerely held religious beliefs,” as well as Alabama state law, according to the complaint filed by his attorneys last month. After Mr. Gavin’s execution, there will be no question as to who or what caused Mr. Gavin’s death. CNN has reached out to the Alabama Department of Corrections and Alabama Attorney General Steve Marshall’s office for comment on the lawsuit. Ivey asked the state Department of Corrections to conduct a “top-to-bottom review of the state’s execution process” after the problems came into the national spotlight, CNN previously reported.

Persons: Keith Gavin, Steve Billy, John Hamm, Terry Raybon, William C, Gavin, ” Gavin, “, Gavin’s, Kay Ivey, Steve Marshall’s, Ivey Organizations: CNN, Alabama Department of Corrections, Holman Correctional, Alabama Gov, Alabama, of Corrections Locations: An Alabama, Alabama, Escambia County

☆ 'Fait accompli': Inside Democratic lawmakers' paralysis over Biden
▼ + stars: | 2024-07-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

One by one, Democratic members of Congress began to stream out of the Democratic National Committee's headquarters on Tuesday morning. House Democrats had convened to discuss Biden's future. The number of Democratic lawmakers publicly calling for Biden to withdraw remains in the single digits. Rep. Summer Lee wears headphones as she departs House Democrats' meeting at the DNC on Tuesday. On Tuesday afternoon, hours after House Democrats' DNC meeting, Rep. Mikie Sherill of New Jersey became the seventh to call for Biden to step down.

Persons: Steve Cohen, Tennessee, We're, Summer Lee, Mike Quigley of, Biden, Adam Schiff of, Joe Biden's, Mike Quigley, Bryan Metzger, he's, John McDonnell, He's, —, Greg Landsman, Ohio, Landsman, Dean Phillips, Phillips, Mike Mansfield, Lyndon B, they're, it's, Chuck Schumer, Patty Murray, Maria Cantwell, Schumer, Alex Wong, Rachel Scott, Scott, I've, Joe, CNN's Manu Raju, Murray, Jon Tester, Sherrod Brown of, Michael Bennet of, Bennet, Sen, Amy Klobuchar, Tom Williams, Kamala Harris, Mikie, Democrats aren't, Nancy Pelosi, It's, Tim Kaine, Virginia, Kaine, I'm Organizations: Service, Democratic, Democratic National, Democrats, DNC, Capitol, Capitol ., Democrat, Congressional Black Caucus, AP, House Democrat, Biden, White, NATO, Trump, Montana, Civil, Republican, CNN, Getty, Democratic Party, Monday, MSNBC Locations: Pennsylvania, Mike Quigley of Illinois, Adam Schiff of California, Washington ,, Minnesota, Ohio, Sens, Washington, Sherrod Brown of Ohio, Michael Bennet of Colorado, New Jersey, Richmond

☆ American mountaineer’s body found by fellow US climbers 22 years after going missing in Peru
▼ + stars: | 2024-07-09 | by ( Sahar Akbarzai | ) edition.cnn.com time to read: +5 min

CNN —The body of an American mountaineer has been discovered by a pair of fellow US climbers 22 years after he went missing following an avalanche in the Peruvian Andes. American brothers Ryan Cooper and Wesley Waren found the body of Bill Stampfl on June 27 on Mount Huascaran, according to Joseph Stampfl, Bill’s son. Finding Bill’s familyCooper, a native of Las Vegas, Nevada, called his wife and informed her of his discovery the same day he came across Stampfl’s body. ‘My heart just sank’After so many years, the news came as an emotional shock to Stampfl’s family. The fact that they found him, it opened up all the wounds,” Jennifer told CNN on Tuesday.

Persons: Ryan Cooper, Wesley Waren, Bill Stampfl, Joseph Stampfl, Bill’s, Cooper, “, ” Cooper, Stampfl, Steve Erskine, Matthew Richardson, Jennifer Stampfl, Joseph, Jennifer, Stampfl’s, Janet, we’re, ” Jennifer, ” Janet, …, ” Joseph, he’s, Peru –, ”, CNN’s Duarte Mendonca, CNNE’s Veronica Calderson Organizations: CNN, Peruvian Mountain Rescue Association, Peruvian National Police, Peru’s National Police Locations: American, Peruvian, Huascaran, Peru’s Cordillera Blanca, Yungay, Las Vegas , Nevada, Juarez, Lima, United States, Bolivia, Colombia, Ecuador, Peru

☆ Iran's new president may be a reformist, but change remains distant
▼ + stars: | 2024-07-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Newly-elected Iranian President Masoud Pezeshkian visits to the shrine of the Islamic Republic's founder Ayatollah Ruhollah Khomeini in Tehran, Iran on July 06, 2024. Fatemeh Bahrami | Anadolu | Getty ImagesIran on Friday elected its first "reformist" president in 20 years, signaling many voters' rejection of hardline conservative policies amid low turnout of just 49%, according to official figures. Iran's sole reformist candidate Masoud Pezeshkian and ultraconservative Saeed Jalili are set to go to runoffs after securing the highest number of votes in Iran's presidential election, the interior ministry said. "This is why many Iranians have lost hope in bringing about change through the ballot boxes and are boycotting elections." "The core structure of Iran's theocratic regime, where a Supreme Leader's authority eclipses that of any president, will remain steadfastly intact… In essence, Iran's theocracy is designed to resist meaningful change."

Persons: Masoud Pezeshkian, Ruhollah Khomeini, Fatemeh, Masoud, Ibrahim Raisi, Sina, Toossi, Massoud Pezeshkian, Majid Saeedi, Mohammad Khatami, Ayatollah Ali Khamenei, Nader Itayim, Khamenei, Itayim, Mohammad Bagher Ghalibaf, Amirhossein Ghazizadeh, Hashemi Alireza Zakani, Saeed Jalili, Mostafa Pourmohammadi, Iran's, ultraconservative Saeed Jalili, Atta Kenare, Ben Taleblu, Pezeshkhian, Mahsa Amini, Amini, Mahsa, Ozan Kose, Pezeshkian's Organizations: Anadolu, Getty, Center for International, CNBC, Guardian Council, Argus Media, Vehicles, Afp, Foundation for Defense of Democracies, AFP, for Human Rights, Trump Locations: Tehran, Iran, Afrasiabi, Islamic Republic, Mideast, Washington, Pezeshkian, Kurdish Iranian, Iranian, Istanbul

☆ Avro Arrow: How Canada’s dream plane turned into a nightmare
▼ + stars: | 2024-07-08 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

The Avro Arrow, also known as the CF-105, had a lot resting on its wings. To this day, 65 years later, the Avro Arrow remains one of Canada’s biggest collective regrets and still fuels public discourse, as recently unveiled documents have shed some light on exactly what happened to the doomed project. As a result, thousands of jobs were lost and Avro Canada eventually collapsed entirely. Another says Canadian intelligence analysts deliberately misconstrued information to support a decision that the government had essentially made, providing an excuse for it. “They decided they wanted a big new fancy plane, so they came up with all the operational requirements largely in isolation, without really paying attention to what the reports were saying.”By the late 1950s, he adds, the Arrow arrow was getting very expensive and quite delayed.

Persons: ”, Richard Mayne, ” Mayne, “, Mayne, didn’t, John Diefenbaker, Alan Barnes, Barnes, Keith Beaty, Dan Aykroyd, Crawford Gordon, Arrow, John Burzynski, ” Burzynski, Burzynski Organizations: CNN, Avro, Royal Canadian Air Force, Arrows, Soviet Union, DND, ” Aircraft, ”, Sputnik, “, CF, NASA, Ottawa’s Carleton University, Soviets, Chiefs, Staff Committee, Canadian Air and Space Museum, Toronto Star, CBC, Canadian Broadcasting Corporation, Reynolds, Springbank Airport, Canada Aviation, Space Museum, Canadian Aviation and Space Museum, Arrow Locations: Canada, Soviet, Soviet Union, North America, Avro Canada, American, United, United States, Canadian, Wetaskiwin , Alberta, Muskoka , Ontario, Calgary –, Ottawa, Lake Ontario

☆ I got tested for the BRCA gene mutation while I was pregnant. With my family history, I knew I wanted a double mastectomy regardless of the results.
▼ + stars: | 2024-07-08 | by ( Gila Pfeffer | ) www.businessinsider.com time to read: +9 min

Named for the first two letters of "breast" and "cancer," a positive result would place my odds of developing breast cancer at 87%. For me, an adult, it was a wake-up call to get ahead of breast cancer. We also had a family history of breast cancer in common, but her mother, who'd been diagnosed in her 20s, had caught it early and survived. And most important of all, on a scale of one to infinity, how relieved did she feel now that breast cancer was no longer a threat? I asked for the BRCA test, and my doctor agreedDuring my next prenatal checkup, I asked my doctor to arrange a BRCA test.

Persons: —, I'd, Stephanie, Angelina Jolie, who'd, Bikur Cholim, she'd, Gila Pfeffer Organizations: Service, Business, Genome, The New York Times Locations: The

☆ Inside a despondent White House: Aides gripped by unease as Biden’s political future remains uncertain
▼ + stars: | 2024-07-08 | by ( Mj Lee | ) edition.cnn.com time to read: +3 min

CNN —As President Joe Biden’s political future hangs in the balance, many inside the White House – still rattled by the president’s disastrous debate performance last month – are now gripped with anxiety and unease about whether Biden will continue his reelection campaign. Inside the White House, where TV screens are always on and set to four cable news channels – CNN, MSNBC, Fox and CNBC – the devastating headlines casting doubt on Biden’s political future have been unavoidable. In the tumultuous days since the debate, many senior administration officials have had check-ins with their teams and individual direct reports, sources said. Over the weekend, there was one widely discussed topic of intrigue: the identity of one “senior White House official” who anonymously told The New York Times that they do not believe the president should continue to seek reelection. When asked about that person, one senior White House official gave CNN a brusque response: “They shouldn’t be in the White House.

Persons: Joe Biden’s, Biden, Hakeem Jeffries, ”, “, ‘, ’ They’re, Jeff Zients, ” Zients Organizations: CNN, MSNBC, Fox, CNBC, Democratic, Biden, White House, New York Times, White Locations: Pennsylvania

☆ French stocks ETF looks poised to resume uptrend following election, according to the charts
▼ + stars: | 2024-07-08 | by ( Katie Stockton | ) www.cnbc.com time to read: +3 min

Despite the pullback, a primary uptrend remains in place for the CAC 40, in addition to the related iShares MSCI France ETF (EWQ) . Both proxies for French stocks appear to be finding their footing, which suggests that the market is welcoming the latest news regarding the election. Once the final outcome is determined, it would be natural for investors to respond favorably to the removal of uncertainty, particularly given the oversold status of French stocks. This suggests a counter-trend phase of outperformance is possible for French stocks versus U.S. stocks. Recent stabilization in many French stocks shows a positive reaction to widespread intermediate-term oversold conditions, which we gauge using the weekly stochastic oscillator.

Persons: LVMH Moet Hennessy Louis Vuitton, Katie Stockton Organizations: CAC, CNBC, NBC UNIVERSAL Locations: France, EWQ

☆ Wildlife Protections Take a Back Seat to SpaceX’s Ambitions
▼ + stars: | 2024-07-07 | by ( Eric Lipton | Meridith Kohut | ) www.nytimes.com time to read: +1 min

Two hours later, once conditions were deemed safe, a team from SpaceX, the U.S. Fish and Wildlife Service and a conservation group began canvassing the fragile migratory bird habitat surrounding the launch site. The launch had unleashed an enormous burst of mud, stones and fiery debris across the public lands encircling Mr. Musk’s $3 billion space compound. Chunks of sheet metal and insulation were strewn across the sand flats on one side of a state park. None of the nine nests recorded by the nonprofit Coastal Bend Bays & Estuaries Program before the launch had survived intact.

Persons: Elon Musk’s, —, Musk’s Organizations: SpaceX, United, U.S . Fish, Wildlife Service Locations: United States, U.S

☆ Soaring U.S. stocks make China’s market look worse than it is. Names to watch
▼ + stars: | 2024-07-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. But a look at first-half performance shows that many China stocks still rose by double-digits, including a few artificial intelligence plays. Zhongji Innolight Ranking third in CSI 300 performance in the first half was Zhongji Innolight, which climbed 70%. Nomura rates Zhongji Innolight a buy and its analysts met with the optical communication company in late June. The broad mainland China stock market, measured in Class A shares, has underperformed over the past two years, said Wanda Wang, a research manager at Morningstar.

Persons: BofA, Nomura, Wanda Wang, That's, Invesco's, — CNBC's Michael Bloom Organizations: Nvidia, CSI, Apple, Foxconn, Bank of America Securities, Industrial, FII, Avary Holding, Avary, Chartered Bank, HSBC, JPMorgan, Nomura, Nasdaq, U.S, Morningstar, Capital, Shenzhen Stock Exchange Locations: China, Shanghai, Shenzhen, Avary Holding Shenzhen, Hong Kong

☆ Why hurricane-stricken Jamaica can't tap into $150 million of natural-disaster insurance
▼ + stars: | 2024-07-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Jamaica can't tap into catastrophe-bond funds despite Hurricane Beryl's devastation. With climate change on the rise, cat bonds have grown into a hotter investment. But in this case, investors in the country's $150 million asset won't have to pay a dime, the outlet said. The structure of the cat bonds was such that they paid investors 7% above the US Treasury rate. Climate disasters are not always strong enough to trigger cat bond payouts, an expert told Business Insider in October.

Persons: —, That's Organizations: Service, Bloomberg, Investments, Treasury, World Bank, Swiss Re Locations: Jamaica, Switzerland

☆ SpaceX rockets blew away local bird habitats after Elon Musk 'misled' NPS officials about expansion, NYT reports
▼ + stars: | 2024-07-07 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

The outlet reported that SpaceX's operations have caused explosions, fires, leaks, and other issues at least 19 times since 2019. The species is listed as "threatened" by the US Fish and Wildlife Service. The company's environmental practices have caused friction with government agencies like the National Park Service and the US Fish and Wildlife Service. The outlet reported that SpaceX hired a consultant to track bird patterns, and its researchers "found little to no evidence" of changes to the local bird population. A former National Park Service official, Mark Spier, said SpaceX "misled" officials.

Persons: —, CHANDAN KHANNA, Elon Musk, Richard Bord, they're, Gary Henry, Mark Spier, SpaceX Organizations: Service, The New York Times, Business, Boca, Boca Chica State, US Fish and Wildlife Service, Getty, National Park Service, Fish and Wildlife Service, Federal Aviation Administration, SpaceX, Times, Pentagon, US Fish, NASA Locations: Southern Texas, Starbase, Boca Chica, Boca Chica , Texas, North Carolina

☆ Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight
▼ + stars: | 2024-07-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Rather than sparking typical cheer on Wall Street, Elliott's campaign, spelled out in a 50-page presentation, led to confusion and concern among investors and customers. Several activism experts pointed to two of Elliott's past targets for insight into the hedge fund's strategy for Southwest: Suncor Energy in 2022 and Marathon Petroleum in 2019. Elliott partner John Pike, who is now leading the Southwest campaign, was involved in the firm's actions at both energy companies. Pike and portfolio manager Bobby Xu are leading Elliott's Southwest campaign. But in 2018, a few months after reaching an agreement with Elliott, Marathon announced it was only getting bigger.

Persons: David Paul Morris, Elliott, Bob Jordan, Gary Kelly, Elliott hasn't, Southwest's, John Pike, Haviv Ilan, Marc Benioff, Jordan, Pike, Bobby Xu, Vinson, Elkins, Mark Little, Elliott's Pike, Suncor's, Little, Rich Kruger, Candace Elliott, Marathon, Weeks, Gary Heminger, Mike Hennigan, Hennigan, hasn't, It's, isn't, Kelly, it's, Xu, — CNBC's Leslie Josephs Organizations: Southwest Airlines, Oakland International Airport, Bloomberg, Getty, Elliott Management, Southwest, Melius Research, Suncor Energy, Marathon Petroleum, Marathon, Etsy . Texas, of America, Suncor's Petro, Canada, Canadian, Petro - Canada, Petro, Exxon Mobil, Reuters, Speedway, Elliott, Company, Heminger, Artisan Partners, Suncor, Southwest Airlines Pilots Association, CNBC Locations: Oakland , California, Dallas, Suncor, New York, West Palm Beach , Florida, Etsy, Canada, Sherwood Park , Alberta, Marathon, Southwest

☆ Nvidia gets rare Wall Street downgrade on valuation concerns
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

New Street Research is raising the alarm on shares of Nvidia after the chip giant's June rally. Shares of Nvidia have surged 159% so far this year, building on an AI-fueled rally that kicked off in late 2022 when ChatGPT debuted. Any negative opinion on Nvidia is pretty much unheard of these days on Wall Street. There was only one other downgrade of Nvidia from buy to hold this year, by Germany's DZ Bank in May. Given this contrarian outlook, New Street set a $135 price target on Nvidia, assuming a 35 times multiple, in line with its 2019 and early 2020 multiple.

Persons: Pierre Ferragu, ChatGPT, Ferragu Organizations: New, Research, Nvidia, Germany's DZ Bank

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