Conrad Keijzer, CEO of Clariant, discusses the company's latest results and the outlook for the chemical industry.

Second half of the year expected to be 'slightly stronger,' Clariant CEO says

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NewsByJoshua

Here’s a story that’s making waves in the retail world: Conn's HomePlus, a well-known discount furniture chain, has just filed for Chapter 11 bankruptcy. And the news isn’t just about numbers—it’s about real people and places, so let’s dive into what’s happening.

Another retail giant has just filed for Chapter 11 bankruptcy and is shutting down several stores.

CNBC brings you fast, accurate, and actionable business news and market updates.

News Update – Market Close

Washington, DC

Deryl McKissack is no stranger to spotting toxic traits. McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren't the right fit in her company's early years and the business struggled, she says.

63-year-old CEO shares the top 3 red flags she sees in employees: ‘No one wants to be in their presence'

Markets Insider

The Fed still has significant ammunition to cut interest rates and stimulate the economy if unemployment keeps rising, Goldman said.

3 reasons why rising unemployment isn't signaling a recession, Goldman says

Camden, NJ

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Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Fox Business

A new analyst note from BCA Research suggests the S&P 500 could slide as much as 30% within the next year as the U.S. economy enters a deep recession.

Stocks could fall 30% as US heads for a deep recession, analyst warns

North Carolina State

Apex, NC

Town Talks

Apex, NC Ranks High on "Most Livable Small Cities" List. The Raleigh suburb of Apex has been recognized as one of the most livable small cities in the United States, ranking No. 7 on SmartAsset's nationwide list published on July 11.

North Carolina town ranks as one of nation’s best small cities to call home. Why it’s special

A U.S. appeals court on Monday blocked the U.S. Transportation Department's new rule requiring upfront disclosure of airline fees pending a full review of the regulation. The DOT issued final rules in April requiring airlines and ticket agents to disclose service fees alongside the airfare, saying it would help consumers avoid unneeded or unexpected fees.

Appeals court blocks U.S. airline fee disclosure rule

'Mad Money' host Jim Cramer looks at Lineage and if it is worth adding to your portfolio.

Lineage argues its industry is levered to the rise in online food sales, says Jim Cramer

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J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

Xavier Rossinyol, the CEO of Avolta, says high-end sales are weaker in comparison to last year.

Avolta CEO: Strong travel consumer trend to continue for the summer

John Deere, faced with lower customer demand for equipment, declining sales, and a difficult ag economy, confirmed cuts in its global salaried workforce. Corridor Business says Deere didn’t release details on the number of salaried employees affected. In a statement, the company says it’s been forced to make tough decisions, including layoffs at John Deere production facilities and reductions in the global salaried workforce. The most recent round of cuts follow hundreds of previously announced layoffs of Deere’s production workers in recent months. The company didn’t release when the salaried workforce reductions would take place. In a statement, Deere said, “As the largest global manufacturer of agricultural equipment, John Deere, like many others, faces significant economic challenges, rising operational and manufacturing costs, and reduced customer demand, including a 20 percent decline in sales from 2023 to 2024.” Impacted employees get up to 12 months’ severance pay based on years of service.

Deere Confirms More Layoffs

Yujiro Goto, head of FX strategy for Japan at Nomura, says wage data has been improving, but the Bank of Japan will be concerned about weak consumption.

BOJ decision on rates will be a 'very close call,' strategist says

Shares of Ford fell more than 11% in after-hours trading Wednesday after the automaker reported much weaker than expected earnings. The company said it was compelled to set aside more money to cover the cost of repairing customers’ vehicles.

Ford keeps having to repair customers’ new cars and trucks. Its profit is plunging and its stock tumbled

Bed bugs aren't supposed to be part of the all-inclusive package on a cruise vacation. A woman is alleging an unsettling experience aboard a Royal Caribbean cruise ship, claiming she and her family were subjected to a bed bug infestation.

"I Paid $2K for a Bed Bug Cruise": Passenger Shares Royal Caribbean Story & Letter from Cruise Line

CNBC's Phil LeBeau joins 'Fast Money' with breaking news on a possible lawsuit from Delta over the CrowdStrike software outage.

Delta hires law firm following software outage, seeking compensation from Microsoft, CrowdStrike

Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

U.S. Treasury yields were little changed on Tuesday as investors looked to economic data from the labor market and the Federal Reserve's July meeting. Yields and prices move in opposite directions. One basis point equals 0.01%. Treasurys. The Fed's July meeting begins Tuesday and concludes Wednesday with a monetary policy...

Treasury yields are little changed as traders set eyes on Fed meeting

Hosted by CNBC Senior Washington Correspondent Eamon Javers, this is the secret story of a young Russian oligarch who hacked his way to an illicit $93 million fortune...and the FBI team who finally brought him to justice. For generations, insider trading on Wall Street has been a crime of the American rich: the stereotype of corporate executives passing stock tips at country clubs was not far off. But new cyberwarfare techniques, and an aggressive anti-Western Putin regime in Moscow have turned this kind of insider corruption into an attack from the outside on the American economy itself, with profound implications for all of us who have retirement accounts, investments, or work in corporate America.

The Crimes of Putin’s Trader

NewsBreak

Covestro CEO: Doesn't expect a rebound in the economy for the remainder of the year

Markus Steilemann, CEO of Covestro, says the...

Covestro CEO: Doesn't expect a rebound in the economy for the remainder of the year

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