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Downward angle icon Downward angle icon. President Joe Biden. Saul Loeb via AFP/Getty Images Business leaders are reacting to President Joe Biden’s decision not to run for a second term, including Elon Musk, Mark Cuban, Brad Smith and David Sachs. Smith, the Microsoft executive, said Biden has “dedicated his life to public service.” In another shocking turn of events in this year’s presidential election, Joe Biden dropped out of the race on Sunday and endorsed Vice President Kamala Harris for the Democratic nomination.Recently, many prominent business leaders and Silicon Valley investors, including Elon Musk, Bill Ackman, Marc Andreessen, and Ben…
World leaders praise Biden for ‘brave’ decision to end 2024 campaign
LONDON — World leaders expressed respect and praise Sunday after President Biden announced he was ending his reelection campaign, a momentous decision that changed the complexion of the race for the White House and reverberated far beyond Washington.Biden, a longtime member of the Senate Foreign Relations Committee before assuming his senior role, has built and nurtured relationships with many world leaders over decades.Israeli officials were quick to express their praise, with President Isaac Herzog thanking Biden for his “friendship and unwavering support” in a post on X and praising the 81-year-old Biden as a “true ally of the Jewish people.”Biden…
5 possible effects on the stock market
Pool / ABACA / Shutterstock.comIncreasing pressure from Democrats for President Joe Biden to withdraw from the presidential race has led to the inevitable conclusion: Biden withdrew from the election today.Biden has endorsed Vice President Kamala Harris as his new nominee, but Democrats still have the power to propose another nominee.How will this impact the economy, and especially the stock market? Let’s see what experts have to say about this.If Trump wins, consider investing in these areas as well.Check it out: How I went from middle class to upper middle classRead more: 5 clever things wealthy people do with moneyWealthy people…
Stock Market Today: Live Updates
Traders work on the floor of the New York Stock Exchange on July 11, 2024.Spencer Pratt | Getty ImagesS&P 500 futures were up slightly late Sunday after posting their worst weekly drop since April last week as investors shifted money from large tech stocks to mid-cap names.Futures tracking the Composite Index rose 0.1%. Futures for the Dow Jones Industrial Average and Nasdaq 100 both rose about 0.1%. Traders were also keeping a close eye on the U.S. political situation after President Joe Biden on Sunday withdrew from the presidential race and endorsed Vice President Kamala Harris as the Democratic nominee.…
What Kamala Harris said about AI, tech regulation, and more
With President Joe Biden dropping out of the race, Vice President Kamala Harris could become the Democratic Party’s new nominee. In announcing his plans, Biden said he “fully endorses and supports Kamala to be this year’s party’s nominee.” Harris said Her “intent is to prevail and secure this nomination,” though it is unclear whether other Democratic politicians will challenge her at an open convention or through some other selection process. If Harris is elected, Democrats would gain a presidential candidate with Bay Area roots (she was born in Oakland) and long ties to the tech industry (Donald Trump’s running mate,…
Bad Amazon reviews ruined small businesses
Paul and Rachel Baron’s small company, Beau & Belle Littles, came up with a reusable, easily removable and washable swim diaper after their baby’s first swimming lesson, and quickly achieved $1 million in sales. They were featured in Forbes and on the Rachael Ray show, and had plans to triple their annual sales to $3 million in 2020. But a one-star review “ruined” everything, according to Bloomberg, which investigated the Barons’ story in detail. What went wrong? A customer ordered their diapers, received a returned used diaper, and left a terrible review because it was still covered in feces. But…
Air travel still disrupted by global technology outage
A global technology outage caused by a CrowdStrike software update on Friday continued to cause disruption for travelers through U.S. airports on Sunday.As of just after 5 p.m. Eastern time, tracking site FlightAware reported that about 1,500 U.S. flights had been canceled and more than 6,900 were delayed. More than 400 flights were canceled in and out of Atlanta’s Hartsfield-Jackson International Airport, an improvement from 724 on Saturday and 824 on Friday, but still the most of any U.S. airport, according to FlightAware.com. United Airlines, Delta Air Lines and American Airlines all temporarily grounded their aircraft on Friday, according to…
The cheapest hybrid double fold travel trailer has been spotted in South Africa, priced at under $25,000.
The truth is, there are a few countries in the world that excel at manufacturing off-grid, off-road travel trailers, including North America, Australia, and even Germany and the UK. But there is also an emerging country on the scene: South Africa. While South Africa’s mass production of travel trailers isn’t necessarily new, the country has seen more and more activity in recent years. Now, while exploring the growing off-grid scene, we stumbled across AlphaGo and the S6 Air, a hybrid inflatable bi-folding home perfect for an adventurous family of six.Now, whenever we talk about a camper, we like to shed…
How will Biden’s withdrawal affect the economy and markets?
NEW YORK — President Joe Biden ended his reelection campaign on Sunday, leaving the presidential race in uncharted territory. Here’s what investors are saying:David Wagner of Aptus Capital Advisors Llc in Fairhope, Alabama”We may see a slight reversal of what’s worked for the market over the past two weeks, with small caps rising, but we’re by no means expecting the market to give up all those gains.Related: Analysis: Biden’s departure prompts dissolution of trade talks with Trump administration, focus on divided administration “The bigger event for the market is who the Democratic nominee is, because their policies and regulatory proposals…
Journalism in Bahrain a key partner in inclusive development process
Manama, July 21 (BNA): Speaker of the House of Representatives Ahmed bin Salman Al Musallam praised the vital role played by journalism in Bahrain and its sincere efforts to enlighten public opinion and exercise freedom of opinion and expression responsibly and professionally. He stressed the role of the media as a key partner in the inclusive development process and in highlighting the successes of the nation. He noted the support the media has received from His Majesty King Hamad bin Isa Al Khalifa and His Highness Crown Prince and Prime Minister Salman bin Hamad Al Khalifa. The speakers’…