Reuters

BERLIN/LONDON (Reuters) -Lufthansa warned of a fall in third-quarter earnings on Wednesday as the German airlines group grapples with higher wage costs and a squeeze on ticket prices, pointing to tougher market conditions across the aviation sector.

Lufthansa sees earnings slump in third quarter as costs rise

Noel Quinn, CEO of HSBC, discusses the bank's earnings and the outlook for the next six months.

HSBC CEO announces return of further $3 billion to shareholders

(Reuters) - Australian companies will likely post a steeper drop in profit this year than they did last year, as they struggle to match the 'abnormally high' earnings since the COVID-19 pandemic, UBS said on Tuesday.

Australian corporate profits' decline to accelerate this year, says UBS

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Bank of Japan. Japan's central bank lifted its benchmark interest rate...

CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks' same-store sales decline

Washington, DC

Washington, D.C., Attorney General Brian Schwalb alleges StubHub is using deceptive pricing techniques to illegally boost profits. StubHub has sold over 5.5 million tickets to consumers in the district, extracting $118 million in hidden fees, since 2015, the lawsuit alleges. The lawsuit comes as consumers and lawmakers alike criticize ticket...

Washington, D.C., attorney general sues StubHub, alleging deceptive pricing

Colorado State

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contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

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'

TikTok-owner ByteDance's office in Singapore was hit by mass food poisoning on Tuesday, according to local authorities. At least 60 individuals were reported to have food poising, of whom 57 have sought medical attention in hospitals as of Tuesday, the authorities said. TikTok-owner ByteDance's office in Singapore was hit by...

TikTok-owner ByteDance's Singapore workers suffer mass food poisoning

Last summer was all about pink. This summer, a shocking shade of lime green seems to have taken over. Blame Charli XCX. The singer released her now-ubiquitous album at the beginning of June with a simple cover: a solid green background with the word "brat" in a basic font. And whether you've listened or not, there's a good chance you've encountered brat culture in some capacity by now, from the "Apple" dance going viral on TikTok to brands using the iconic green to promote their own products.

It's not just the Harris campaign—how Etsy sellers are taking advantage of 'Brat summer'

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate's study of the best states to retire in 2024.

The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York

Newark, NJ

Paterson, NJ

Morristown Minute

NEWARK, N.J. – Jasmine McGregor, 32, and Jhenelle Lewis, 35, both of Paterson, New Jersey, have pleaded guilty to conspiring with a physician to distribute oxycodone, a powerful opioid, without legitimate medical justification. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Paterson Residents Conspired with Physician to Illegally Distribute Opioids

Camden, NJ

Cornelius, NC

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

WASHINGTON (Reuters) - U.S. single-family home prices were unchanged in May and the annual increase was the smallest in 10 months as higher mortgage rates stifled demand, boosting housing supply.

US home prices unchanged in May; annual gain smallest in 10 months

Brent futures topped the $80-per-barrel-threshold, as Iran's claim that Hamas political leader Ismail Haniyeh was assassinated reignited tensions in the Middle East. "Now we're moving into a phase of deterioration into the Middle East that we believe is going to capture oil traders' attention and get them to return some material risk premium into the price of Brent. At least $5 [per barrel] to start, even before we see a potential physical supply disruption," Clay Seigle, director of the global oil service at Rapidan Energy Group, told CNBC.

Brent tops $80 per barrel as oil analyst flags ‘phase of deterioration’ in the Middle East

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

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News Update – Pre-Markets

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

The Guardian

Carmakers announce disappointing results, and production in UK revealed to have dropped

Fears of automotive industry downturn as profits slide at Nissan and Stellantis

NewsBreak

HSBC shares rise 3% after profit beat, $3 billion buyback announcement

Europe’s largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a...

HSBC shares rise 3% after profit beat, $3 billion buyback announcement

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