Author: News Room

Democratic presidential nominee Kamala Harris on Thursday vowed to pick a Republican to serve in her Cabinet if she defeats former President Donald Trump in the Nov. 5 election.”I have spent my career inviting diversity of opinion,” the vice president said in an interview with CNN anchor Dana Bash.”I think it’s important to have people at the table when some of the most important decisions are being made that have different views, different experiences,” Harris said. “And I think it would be to the benefit of the American public to have a member of my Cabinet who was a Republican.”Harris,…

Check out the companies making headlines in after-hours trading. Ulta Beauty — The beauty products retailer saw its shares fall nearly 7% after missing top and bottom line expectations in the second quarter . Ulta’s earnings came out at $5.30 per share, while analysts polled by LSEG expected $5.46 per share. Revenue was of $2.55 billion, also falling short of analysts’ forecast of $2.61 billion. The company also trimmed its full-year outlook . MongoDB – Shares of the database company rose nearly 13%. MongoDB issued strong fiscal third-quarter guidance, forecasting adjusted earnings of 65 cents to 68 cents per share…

The housing affordability crisis is hitting swing states hard. These battleground states, which could potentially be won by either candidate, are especially focused on the issue of affordability in the upcoming election. About nine in 10 adult Gen Zers reported housing affordability is important when deciding who to vote for, Realtor.com found. Housing payments in swing states have nearly doubled since the last election, rising by 92% to $2,161, on average. Rising home prices and mortgage rates have largely contributed to this jump in ownership costs. The average sales price in swing states increased by about 40% since 2020, and…

For years, I have said that Dr. Ruth (Ruth Westheimer) is my role model. Dr. Ruth, sex therapist, professor, and author, spent her life educating people about sexual health. I heard Dr. Ruth speak in the early 1980s and again in 2014. In fact, I went to see the documentary, Ask Dr. Ruth twice because of my admiration for her as a person and for her work. Though sex is a topic that inspires curiosity, questions, and confusion in people of all ages, in the 1980s no one was talking about it. Dr. Ruth sought to change that. She started…

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Donald Trump’s campaign is co-managed by the man who engineered the “swift boating” of John Kerry in 2004, so it should come as no surprise that 20 years later, military service and treatment of veterans are turning into uncomfortable political issues. Trump pivoted from a visit to Arlington National Cemetery earlier this week to an attack on President Joe Biden’s Afghanistan policy – a turn that apparently followed a dustup with an official at the cemetery over the campaign’s…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Telegram chief executive Pavel Durov was placed under formal investigation by a French judge on Wednesday over alleged criminal activity on the messaging app, and barred from leaving France. Durov is facing preliminary charges as part of an investigation into Dubai-based Telegram’s alleged failure to address criminality on the app, including enabling money laundering, drug trafficking and the distribution of child sexual abuse content, Paris prosecutors said.One of the charges against Durov alleges “complicity in the administration of an online platform to enable…

Investment Thesis The share price of Vale S.A. (NYSE:VALE), the world’s largest iron ore producer, is down 30% year to date, from about $15.70 to $10.89 as of August 27. Declining iron ore prices, from which more than 80 percent of Vale’s revenues derive, amid uncertainty regarding future Chinese demand, have contributed to this fall. Additionally, a lengthy leadership battle, which included attempts by the government to intervene, has most likely also weighed on the share price. In the past few days, two important events have taken place. Iron ore futures (SCO:COM) have bottomed out at $98/ton – at least…

Nvidia once again beat Wall Street’s expectations when it reported earnings on Wednesday. But for a company that’s been on a stunning growth streak over the past two years, merely great numbers may no longer be enough to impress investors. The AI chipmaker — whose stock has helped power the market’s feverish rally this year — reported more than $30 billion in sales in its fiscal second quarter, up 122% from the same period a year ago, and ahead of the $28.7 billion Wall Street analysts had expected. Profits from the quarter also more than doubled to $16.6 billion, up…

Salesforce shares rose 4% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.The company also said Amy Weaver, its finance chief, will step down. She will remain at the company as the CFO until a successor is appointed and, after that, will stay on as an advisor. Salesforce will consider internal and external candidates, Marc Benioff, the company’s co-founder, chair and CEO, said on a conference call with analysts. He said it was his idea to have Weaver took over the lead financial role after…

Check out the companies making headlines in extended trading. Nvidia — The artificial intelligence chipmaker dropped 5% even after Nvidia beat expectations in its fiscal second-quarter results. Adjusted earnings per share of 68 cents exceeded the LSEG consensus estimate of 64 cents per share. Revenue of $30.04 billion exceeded the anticipated $28.7 billion. In the current quarter, Nvidia expects about $32.5 billion in revenue, more than the $31.77 billion expected by analysts, according to StreetAccount. Salesforce — The software stock advanced 3.5% after Salesforce reported better-than-expected fiscal second-quarter results and raised its full-year profit outlook. Separately, the company said president…