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☆ CNBC Markets Now: July 26, 2024
▼ + stars: | 2024-07-26 | 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 EmailCNBC Markets Now: July 26, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ FAA approves SpaceX to resume Falcon 9 rocket launches after two-week hiatus
▼ + stars: | 2024-07-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk's company planning to launch its next mission carrying satellites as soon as Saturday. The FAA clearance came just 15 days after the rocket suffered a rare inflight failure while in orbit during a launch of Starlink satellites. During the July 11 launch, the rocket's lower first stage, or booster — powered by nine engines — operated as expected before returning to land. A loose clamp for that tube and the intense vibration of the rocket's engine led to cracking, the company said. That cracked sense line resulted in a leak of liquid oxygen, causing damage to the rocket's engine when it attempted to restart in space.

Persons: Elon Organizations: Federal Aviation Administration, SpaceX, Falcon, FAA, CNBC

☆ Sylvain Saudan, ‘Skier of the Impossible,’ Is Dead at 87
▼ + stars: | 2024-07-25 | by ( Michael S. Rosenwald | ) www.nytimes.com time to read: 1 min

Sylvain Saudan, who was widely known as the “skier of the impossible” for his audacious and potentially life-ending descents down some of the steepest, most inaccessible slopes in the world, died on July 14 at his home in Les Houches, France. That Mr. Saudan lived into his ninth decade puzzled many people — including Mr. Saudan himself. Beginning in 1967, when he plunged down the Spencer Couloir on the Aiguille de Blaitière mountain in France — a 55-degree slope roughly equivalent, on skis, to a free fall — Mr. Saudan spent his life defying gravity, avalanches and obituary writers. “One mistake, you die,” Mr. Saudan once said. “You fall, you become a prisoner of the mountain — forever.”

Persons: Sylvain Saudan, Marie, José Valençot, Saudan, Spencer Couloir, Mr, “, ” Locations: Les Houches, France

☆ AI turned Big Tech stocks around. But a huge sell-off shows investors are wary of the insane spending.
▼ + stars: | 2024-07-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Big Tech appears to be tipping into troubled territory again. Read previewIn 2022, US tech companies grappled with falling demand after aggressive expansions during the pandemic, prompting a rout in tech stocks. This concentration makes the effect of any major decline in Big Tech stocks even more pronounced. All eyes on the rest of Big TechOther Big Tech companies, including Amazon, Apple, Microsoft, and Meta, report quarterly earnings next week. As for Big Tech, it appears to be a case of being safe rather than being sorry — because they can afford to.

Persons: —, Michael Strobaek, Lombard Odier, Strobaek, Katherine Tangalakis, Jim Reid, Reid, Anthropic, Lombard Odier's Strobaek, Sundar Pichai Organizations: Tech, Service, Nasdaq, Business, Lombard, Big, Bloomberg, Google, Big Tech, Apple, Microsoft, Meta, Deutsche Bank, Amazon Locations: Swiss, Big Tech

☆ Boeing's crewed Starliner flight won't return until at least August, NASA says
▼ + stars: | 2024-07-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Boeing's crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold while the company and agency study problems that arose early in the flight. Starliner capsule "Calypso," which carried NASA astronauts Butch Wilmore and Suni Williams to the ISS, has now been in space 50 days and counting. NASA needs to conduct a review that won't happen until the first week of August, Stich said, and only after that review will the agency schedule Starliner's return. Currently, the organizations are analyzing the thruster that was tested in White Sands and this weekend expect to have the Starliner capsule conduct test firings while docked with the ISS. Stich acknowledged again that NASA has contingency plans in case the agency determines that Starliner should return without Wilmore and Williams — alternatives that include using SpaceX's Dragon capsule to bring back NASA's astronauts.

Persons: Butch Wilmore, Suni Williams, Steve Stich, we're, " Stich, Stich, Williams Organizations: International, Station, NASA, Boeing Locations: White Sands , New Mexico, White Sands

☆ CNBC Markets Now: July 25, 2024
▼ + stars: | 2024-07-25 | 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 EmailCNBC Markets Now: July 25, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Nickelback, Post Malone, Chris Brown, and other stars took COVID cash despite their accountants' initial concerns about 'perjury' and 'perception problems,' court documents say
▼ + stars: | 2024-07-25 | by ( Jack Newsham | ) www.businessinsider.com time to read: +6 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Congress created the Shuttered Venue Operators Grant in 2021 to help theaters and indie music venues stay in business during the pandemic lockdowns. A 2023 Business Insider investigation found that dozens of wealthy musicians used ineffective oversight and loopholes in the law to line their pockets. But once the law was passed, Strickland said he focused on helping as many people get money as possible. According to an email, he ended up telling NKSFB to pull the application, figuring he was being fed "BS" by a consultant.

Persons: Post Malone, Chris Brown, Nickelback, Lil Wayne, didn't, —, Paul Anka —, David Hickok, Hickok, Bessy Wong, Mickey Segal, Anka, Segal, NKSFB, Kyle Leunissen, Suicideboys, Michael Strickland, Lites, Strickland, Paul Anka Organizations: Service, Small Business Administration, Business, Post, SBA, BI, Billboard Locations: Angeles, American, NKSFB

☆ The Biden administration is giving entrepreneurs a shot at loans up to $2 million for climate-focused projects
▼ + stars: | 2024-07-25 | by ( John Towfighi | ) www.businessinsider.com time to read: +4 min

The Small Business Administration is expanding its loan programs to support investments in clean energy and climate-friendly businesses. It is also creating an application process for lenders to expand their loan size up to $2 million for climate-focused projects or $1 million for general projects. SBA loans, provided through banks or other financial institutions, help entrepreneurs raise capital. 7(a) loans provide long-term financing up to $5 million for general small business investments and are offered through most banks. Under the Biden administration, there have been 18 million small business applications.

Persons: Isabel Guzman, Guzman, Katie Frost, —, Biden, SBA's, Michael S, Regan Organizations: Service, Business Administration, SBA, Business, Community, Biden, Environmental Protection Agency

☆ CNBC Markets Now: July 24, 2024
▼ + stars: | 2024-07-24 | 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 EmailCNBC Markets Now: July 24, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Trump wants a weaker dollar, but analysts say his policy direction points to just the opposite
▼ + stars: | 2024-07-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Republican presidential nominee Donald Trump has said he wants a weaker dollar to boost US exports. Economists and analysts say a weak dollar policy would be costly and politically difficult to implement. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRepublican presidential nominee Donald Trump has made it clear he would like a weaker dollar to make American exports more competitive. But economists and analysts are flagging challenges to making the greenback weaker — especially if Trump wins a second term.

Persons: Donald Trump, —, Michael Strobaek, Lombard Odier Organizations: Service, Trump, Lombard, Business Locations: America, Swiss

☆ CNBC Markets Now: July 23, 2024
▼ + 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 EmailCNBC Markets Now: July 23, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ CNBC Markets Now: July 22, 2024
▼ + stars: | 2024-07-22 | 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 EmailCNBC Markets Now: July 22, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Markets broaden as investors sell tech winners, but further turbulence may be on the way
▼ + stars: | 2024-07-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The four best-performing stocks in the S & P 500 year to date were down an average of 13.5% last week. .SPX 5D mountain The S & P 500's performance in the past five trading days. The anchoring effect of a persistently strong half-dozen $1-trillion to $3-trillion companies atop the S & P 500 while most stocks wallowed had the effect of suppressing index volatility. The S & P 500 is now about 3% off its record, and the Nasdaq 100 is in a roughly 5% retreat from its high. History says when the S & P 500 has been up more than 10% in the first half of a year , as in 2024, it has gone to further highs by year's end nearly every time.

Persons: Russell, Donald Trump, Cash, Parag Thatte, Thatte, Goldman Sachs, wallowed, Cantor Fitzgerald Organizations: Axonic Capital, Deutsche Bank, Nasdaq

☆ Tipping culture keeps creeping into ever more parts of daily life — and some people are resisting it
▼ + stars: | 2024-07-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

"Everyone is thinking they deserve a tip," Pam — who asked to go by her first name for privacy, but whose identity has been verified with Business Insider — said. Advertisement"I just don't think tipping is a good thing to do," Sandberg told BI. AdvertisementFor instance, Sandberg doesn't see tipping as necessary if he's buying something himself because "there's no extra service." "If I have to stand up to order my food or to buy my product, you're not getting a tip," Sandberg said. AdvertisementMeanwhile, there are services Pam doesn't tip for and ones she does.

Persons: —, Pam, Pam —, It's, Ted Rossman, Rossman, I'm, Xers, culture's, it's, Pam isn't, Michael Sandberg, shouldn't, Sandberg, Tipping, Uber Organizations: Service, Pew Research, Business, Pew Research Center Locations: gratuities

☆ CNBC Markets Now: July 19, 2024
▼ + stars: | 2024-07-19 | 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 EmailCNBC Markets Now: July 19, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

Six Takeaways From the Republican Convention , by Shane GoldmacherPeople Close to Biden Say He Appears to Accept He May Have to Leave the Race, by Michael D. Shear, Peter Baker and Katie Rogers

Persons: Shane Goldmacher, Biden, Michael D, Peter Baker, Katie Rogers Organizations: Republican

☆ Lewis Hamilton praises Ralf Schumacher after former F1 driver publicly identifies as gay
▼ + stars: | 2024-07-19 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +2 min

CNN —Seven-time Formula One world champion Lewis Hamilton has praised Ralf Schumacher after the former F1 driver revealed on Monday that he was in a same-sex relationship. He was previously married to Cora Schumacher and is the father to a son, David. The 49-year-old had an 11-year F1 career, driving for Jordan, Williams and Toyota and won six races along the way. The Mercedes driver spoke about the need for F1 to “do more” in order to make the sport more inclusive following Schumacher’s announcement. “There is one thing saying that it’s inclusive and there’s another thing actually making sure that people actually feel comfortable in the environments.

Persons: Lewis Hamilton, Ralf Schumacher, Schumacher, Michael Schumacher, Etienne, Carmen Geiss, Schumacher’s, ” Schumacher, Cora Schumacher, David, Williams, Hamilton, ”, it’s, ” Hamilton, Marco Canoniero, “ Organizations: CNN, Jordan, Toyota, Sky Sports, Sky Germany, Saudi Arabia Grands Prix Locations: German, Hungarian, Qatar, Saudi

On Today’s Episode:Biden Called ‘More Receptive’ to Hearing Pleas to Step Aside, by Carl Hulse, Michael S. Schmidt, Reid J. Epstein, Peter Baker and Luke BroadwaterBiden Tests Positive for Covid, by Michael D. ShearJ.D. Vance Plants His Appalachian Roots in the 2024 Race, by Michael C. BenderAt R.N.C., Senators Berate Secret Service Director Over Assassination Attempt, by Jonathan SwanGunman’s Phone Had Details About Both Trump and Biden, F.B.I. Officials Say, by Glenn Thrush, Jack Healy and Luke BroadwaterA Blind Spot and a Lost Trail: How the Gunman Got So Close to Trump, by David A. Fahrenthold, Glenn Thrush, Campbell Robertson, Adam Goldman and Aric TolerAn Algorithm Told Police She Was Safe. Then Her Husband Killed Her, by Adam Satariano and Roser Toll Pifarré

Persons: Biden, ‘, Carl Hulse, Michael S, Schmidt, Reid J, Epstein, Peter Baker, Luke Broadwater, Michael D, Michael C, Bender, Jonathan Swan, Glenn Thrush, Jack Healy, David A, Campbell Robertson, Adam Goldman, Aric, Adam Satariano Organizations: Vance, Trump, Biden, F.B.I

☆ The 'Trump trade' is winding down, and the Fed's rate plans are back in focus
▼ + stars: | 2024-07-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewBarely a week after the failed assassination of former US President Donald Trump, investors are already moving on from the "Trump trade." The "Trump trade" refers to investor strategies that reflect the market consequences of a second Trump presidency. Schumacher said the "Trump trade" has run its course and is "about done for now." Focus on Fed interest rate decisionTo be sure, a second Trump presidency — including his administration's trade and tariff policies — would have important implications for the macroeconomy and markets, say most analysts. On Wednesday, Fed Governor Christopher Waller indicated that the central bank would cut "in the not-too-distant future."

Persons: —, Donald Trump, Trump, Michael Schumacher, Schumacher, Vishnu Varathan, Mizuho Bank's, Jerome Powell, Christopher Waller Organizations: Service, Trump, Business, Federal Reserve, US Treasury, Bloomberg, Wells, Wells Fargo Securities, Fed, Swiss, UBS Locations: Wells Fargo, Asia, Japan

In the days after President Biden’s disastrous debate performance, aides to Vice President Kamala Harris got word of an exchange that a staff member from the White House legislative affairs office had with a member of Congress about why Democrats should continue to support Mr. Biden’s re-election bid. Ms. Harris’s aides were concerned that in making the case for Mr. Biden, the legislative affairs office had denigrated her political strength and suggested that she would not be as strong a candidate against Donald J. Trump. The aides quickly reached out to Jeff Zients, the White House chief of staff, to alert him about the call. Their message was that it was fine for the administration’s surrogates to whip support for Mr. Biden — and that they were totally behind that effort — but that Mr. Biden’s team needed to be careful not to do it at the expense of degrading the vice president.

Persons: Biden’s, Kamala Harris, Harris’s, Biden, Donald J, Trump, Jeff Zients, Biden — Organizations: White, White House

☆ CNBC Markets Now: July 18, 2024
▼ + stars: | 2024-07-18 | 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 EmailCNBC Markets Now: July 18, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Star luxury broker is leaving firm shaken by rape allegations against Alexander brothers
▼ + stars: | 2024-07-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. McKillen said he hadn't formally parted ways with the New York firm but was arranging his exit. He said that eight brokers who worked with him at Official would remain with Plus in its breakaway from the firm. Shortly afterward, news broke that a third woman alleged in a New York civil case filed that month that Tal and Alon Alexander raped her in 2012 as Oren Alexander watched. AdvertisementIn a response to the lawsuit against him, Tal Alexander said his accuser's claims were "fabricated allegations for financial gain."

Persons: —, Tyrone McKillen, McKillen, hadn't, Nicole Oge, Tal, Oren Alexander, Alon, Alon Alexander, Tal Alexander, Oge, Oren, Michael Shvo, John Hudak, Beyoncé, Tyrone, Richard Jordan Organizations: Service, Partners, New, Business, Group, Raleigh, Bel Air Locations: Los Angeles, New York, Miami, Miami Beach

☆ Vance Will Introduce Himself to American Voters
▼ + stars: | 2024-07-17 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Vance is 39 years old and has spent just 18 months as the junior senator from Ohio; he had never even attended a national political convention before this year. But tonight, the newly minted Republican vice-presidential nominee will introduce himself to millions of Americans as one of the party’s most powerful figures. You can expect Vance to use the prime-time address to tell his personal story, our political correspondent Michael Bender told me. So far, Vance has received a mostly warm welcome in Milwaukee, where the party’s convention is in its third day. “We’re at a moment in time right now where Trump can do no wrong in the party’s eyes,” Michael said.

Persons: Vance, Michael Bender, Donald Trump, “, ” Michael, ” Vance —, — Organizations: Marine Corps, Yale Law School, Trump, Senate Locations: Ohio, Milwaukee

☆ Schiff Warned of Wipeout for Democrats if Biden Remains in Race
▼ + stars: | 2024-07-16 | by ( Michael S. Schmidt | Mark Mazzetti | ) www.nytimes.com time to read: +1 min

Representative Adam B. Schiff, the California Democrat who is running for Senate, warned during a private meeting with donors on Saturday that his party was likely to suffer overwhelming losses in November if President Biden remained at the top of the ticket, according to two people with direct knowledge of Mr. Schiff’s remarks at the meeting. If Mr. Biden remained, not only would he lose to former President Donald J. Trump, he could be enough of a drag on other Democratic candidates that the party would most likely lose the Senate and miss an opportunity to win control of the House, Mr. Schiff said at a fund-raiser in New York. “I think if he is our nominee, I think we lose,” Mr. Schiff said during the meeting, according to a person with access to a transcription of a recording of the event. “And we may very, very well lose the Senate and lose our chance to take back the House.”Mr. Schiff’s remarks underscore the depth of the concerns in the president’s party about the prospects for downballot Democrats if Mr. Biden remains in the race, even if most senior Democrats are still unwilling to express such dire warnings in public.

Persons: Adam B, Schiff, Biden, Schiff’s, Donald J, Trump, “, ” Mr, Mr Organizations: California Democrat, Democratic Locations: California, New York

☆ Herbert Hoelter, Prison Consultant to the Rich and Infamous, Dies at 73
▼ + stars: | 2024-07-16 | by ( Michael S. Rosenwald | ) www.nytimes.com time to read: 1 min

In the summer of 2003, as Martha Stewart’s trial on charges connected to securities fraud was nearing its conclusion, the CNN news anchor Anderson Cooper aired a segment speculating about how severe her punishment would be if she were convicted. “Sometimes,” Mr. Cooper said, “it seems as though rich criminals seldom end up swapping smokes on Cell Block H. So if it’s not hard time in the joint, what kind of sentence could she get?”His guest was Herbert Hoelter, a sentencing reform advocate who, to fund his nonprofit work at the National Center on Institutions and Alternatives, had become a concierge to the federal prison system for white-collar criminals, helping them to secure alternative or shorter sentences and to navigate life as an inmate. “Our philosophy isn’t that punishment should not occur,” Mr. Hoelter said, “it’s that it should occur in different ways.”

Persons: Martha Stewart’s, Anderson Cooper, “, Mr, Cooper, Herbert Hoelter, Hoelter, ” Organizations: CNN, National Center

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