Day: July 19, 2024
VP Kamala Harris and Democratic donors discuss ‘urgent, emerging needs’ in the race, with Biden campaign in crisis
Vice President Kamala Harris joined a call with major Democratic donors Friday afternoon to discuss what the hosts called “urgent, emerging needs.” The call came as more Democratic lawmakers publicly call on President Joe Biden to drop his bid for reelection. A Biden campaign official told NBC News that the president’s advisers asked Harris to […]
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Activist Elliott reportedly has a significant stake in Starbucks, in talks with management
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company’s share price, the Wall Street Journal reported Friday, citing people familiar with the matter. Representatives for Elliott declined to […]
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Bitcoin posts 15% weekly gain amid broader crypto rally: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Crypto World […]
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What to know about airline refunds, delays as global IT outage causes ‘mass chaos,’ expert says
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Major airlines like United, Delta and […]
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SunPower stock collapses below $1 as company halts leases, installations and shipments
Workers install solar panels during a SunPower installation on a home in Napa, California, US, on Monday, July 17, 2023. David Paul Morris | Bloomberg | Getty Images SunPower stock collapsed 70% this week after the company informed dealers that it will no longer support new leases, installations or product shipments, with analysts largely writing […]
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The ‘Trump trade’ has divided health-care stocks into two camps. How to play the next moves
This year’s presidential election is already sending health-care stocks on a wild ride. Historically, shifts in political control have created “increased volatility” across the sector, sending investors “to look for areas of safety,” Raymond James analyst Chris Meekins said in a July 7 note. “This election is likely to produce distinct, binary, opposing health policy […]
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Stocks making the biggest moves midday: CrowdStrike, Plug Power, Comerica and more
Check out the companies making headlines in midday trading. CrowdStrike – The stock fell more than 10% after an update by the cybersecurity firm caused a major IT outage that affected airlines, hospitals, financial services firms and other businesses . Shares of Microsoft were also marginally lower following the news that many Microsoft users around […]
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A pause to the ‘Trump trade’: The stock market impact if Joe Biden drops out of election
A potential decision by President Joe Biden to drop out of the presidential race could tap the breaks on a shift toward trades that are seen as plays on a Donald Trump victory. NBC News reported on Friday that Biden family members have talked about what a potential exit might look like, citing two people […]
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CrowdStrike IT outage hits global supply chain, with air freight facing days or weeks to recover
Picture Alliance | Picture Alliance | Getty Images The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S. and global ports, with highly complex air freight systems suffering the heaviest hit, according to logistics experts, as global airlines grounded flights. “Planes and cargo are […]
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Six more Democrats urge Biden to drop out, campaign says ‘president’s in this race’
U.S. President Joe Biden arrives to deliver remarks on the assassination attempt on Republican presidential candidate former President Donald Trump, at the White House on July 14, 2024 in Washington, DC. Kevin Dietsch | Getty Images Six more congressional Democrats, among them a senator, called on President Joe Biden to exit the election contest Friday […]
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