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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTransatlantic agreement needed for the U.S. to block China's EVs, says Atlantic's Fred KempeFred Kempe, Atlantic Council CEO, joins 'Power Lunch' to discuss the geopolitics behind the U.S. implementing tariffs on Chinese EVs and what it means for their strained relations.
Persons: Fred Kempe Fred Kempe Organizations: Atlantic
He's referring to selling record label Virgin Records to Thorn EMI for nearly $1 billion in 1992. Branson needed the money to focus on a newer venture, Virgin Atlantic. CNBC Make It: How did you make the decision to sell Virgin Records? What I decided was: If I sold Virgin Records, all the people's jobs would be secure. I could then use that money to build and protect Virgin Atlantic.
Persons: Richard Branson, He's, , Branson, Richard, Virgin, We'd, Janet Jackson Organizations: CNBC, Virgin Records, Thorn EMI, Virgin Atlantic, British Airways, Virgin Group, Forbes, Virgin Locations: London, Branson
The South Carolina Supreme Court reversed course last summer when it upheld the ban after striking down a similar version. An earlier lawsuit by Planned Parenthood argued that the law violated patients' right to privacy. Susanna Birdsong, a lawyer for Planned Parenthood South Atlantic, responded that abortion providers have had to make that more conservative interpretation because of the “onerous penalties” for noncompliance. Planned Parenthood has stopped providing abortions when “early embryonic electrical activity” is visible by ultrasound, the group wrote in Monday's filing. “We’re righting for every inch of ground in South Carolina," Birdsong said.
Persons: Taylor Shelton, Katherine Farris, Ultrasounds, Shelton, dismissively, , — Shelton, , ” Shelton, John Kittredge, Shane Massey, ” Massey, Susanna Birdsong, Birdsong, Pollard Organizations: COLUMBIA, Republican, South Carolina, South, South Carolina General Assembly, Associated Press, America Statehouse News Initiative, America Locations: South Carolina, Charleston, North Carolina, Wilmington
Investors may want to look at quality names as the market stalls. In a turbulent environment, traditional market wisdom suggests investors can be best served by having exposure to quality stocks. The average price target implies a gain of 6.2% over the next year, adding to its advance of more than 56% in 2023. Wells Fargo's Michael Turrin recently hiked his price target on Microsoft to $435 per share from $425, seeing an "uplift" driven by artificial intelligence. The average analyst also anticipates a better path ahead, with a price target reflecting an upside of about 24%.
Persons: CMEGroup's, Wells Fargo's Michael Turrin, ResMed, RMD, Peter Low Organizations: Traders, Federal Reserve, CNBC, CNBC Pro, Microsoft, FactSet, Oil, Exxon Mobil, Exxon, Super
After having a great experience, we hoped to once again score upper-class tickets on the same route. For our return flight, the minimum bid was 47,000 rupees ($560) per ticket. Adding 1,000 rupees ($12) to the minimum bid each way, my husband decided to give it a shot. AdvertisementForty-eight hours before our scheduled departure, Virgin Atlantic emailed us that our bid for upper-class tickets had been accepted. However, since there's no guarantee of winning the bid, we'll always look for a good deal on business-class tickets first.
Persons: , Noor Anand Chawla, Anand Chawla, aloo, we'll Organizations: Service, Virgin, Virgin Atlantic's, Virgin Atlantic, Somerset Locations: New Delhi, London
If General Atlantic decided to sell its stake, a deal could now garner more interest from investors, the sources said. A deal could value the company, which assesses global oil prices and provides industry news, at north of 4 billion pounds ($5.08 billion), Reuters previously reported. Deliberations remain at an early stage and General Atlantic and Hg may decide not to proceed with a transaction, two of the people said. Argus Media, Hg and General Atlantic declined to comment. Hg bought half of General Atlantic's 50% stake in Argus in 2019, valuing the business at more than 2 billion pounds then.
Persons: Adrian Binks, Amy, Jo Crowley, Victoria Farr, Mark Porter Organizations: Argus Media, Reuters, Private, Investments, Atlantic, Atlantic's, Argus, Astorg, Thomson Locations: GIC, London, Argus, Frankfurt
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 29 (Reuters) - KKR & Co (KKR.N) said on Wednesday it would buy a remaining 37% stake in Global Atlantic Financial Group that it does not already own for $2.7 billion in an all-cash deal. Private equity firm KKR has served as the manager of Global Atlantic's investment portfolio since 2021 and said in July 2020 that it would buy the annuities and life insurance provider. Global Atlantic's assets under management have grown to $158 billion from $72 billion in 2020, the companies said. Under the terms of the deal, KKR will pay Global Atlantic's minority shareholders an amount in cash equal to Global Atlantic's book value, with certain adjustments. Global Atlantic serves policyholders through its retirement and life insurance products.
Persons: Brendan McDermid, Joe Bae, Scott Nuttall, Goldman Sachs, Noor Zainab Hussain, Devika Organizations: KKR, New York Stock Exchange, REUTERS, Co, Global Atlantic Financial Group, Global, Global Atlantic, Thomson Locations: New York, U.S, Bengaluru, Chibuike
It follows the successful transatlantic crossing by a Gulfstream G600 business jet using the same fuel last week. SAF is key toward reducing those emissions, but it is costly and accounts for less than 0.1% of total global jet fuel in use today. The fuel used to power Tuesday's flight is mostly made from used cooking oil and waste animal fat mixed with a small amount of synthetic aromatic kerosene made from waste corn, Virgin Atlantic said. Yet the 2030 target looks challenging given SAF's small volumes and its high cost, right now about three to five times as much as regular jet fuel. Virgin said the engines on the flight would be drained of SAF and tested before it returns to service using regular fuel.
Persons: Virgin, Richard Branson, Shai Weiss, Mark Harper, John F, Magdalena Heuwieser, Sarah Young, Joanna Plucinska, Tomasz Janowski Organizations: Virgin Atlantic, Virgin Boeing, Royce, Trent, Gulfstream G600, London Heathrow, Kennedy International Airport, Virgin, SAF, Boeing, BP, Aviation, British Airways, Air France, Union, Thomson Locations: London, New York, Dubai
Flight100, Virgin Atlantic's world first 100% Sustainable Aviation Fuel (SAF) transatlantic flight by a commercial airline is fuelled ahead of its take off from London Heathrow to New York JFK on Tuesday 28 November 2023. LONDON — The first trans-Atlantic flight using 100% sustainable aviation fuel departed London for New York on Tuesday as the industry seeks to prove the viability of greener air travel. Sustainable aviation fuel — also known as SAF — is an umbrella term for non-fossil-derived fuels, including biofuels derived from plant or animal materials, municipal waste and agricultural residues. It still produces emissions, but proponents argue the overall "lifecycle emissions" from the fuel are significantly lower than from regular petroleum-based fuel. There are relatively few SAF production plants or companies transporting it globally, with incentives for producers hampered by low margins.
Persons: Shai Weiss Organizations: Aviation Fuel, SAF, New York JFK, LONDON, New York, Virgin Atlantic's Boeing, AirBP, Virgin, U.K, Civil Aviation Authority, Royal Society, Virgin Atlantic, Government Locations: London Heathrow, New York, London, New
Phillips recently told The Atlantic that "others" told him Harris doesn't have the chops to be president. But Phillips told CNN he's been "impressed" by Harris and believes she is "well-prepared." "She is not well prepared, doesn't have the right disposition and the right competencies to execute that office," Phillips told Leibovich. And the congressman also told Phillip he didn't "recall" making comments critical of the vice president. (The president's name isn't on the ballot due to the state's defiance of the DNC presidential primary calendar.)
Persons: Dean Phillips, Kamala Harris, Phillips, Harris doesn't, CNN he's, Harris, , Mark Leibovich, Biden, Leibovich, doesn't, Abby Phillip, You've, Phillip, I've, She's, @deanbphillips, b4JzTc6fIE, Abby D, @abbydphillip, — Phillips, Robert Garcia of, Garcia, Donald Trump, they'd Organizations: Democratic, CNN, Service, Dean Phillips of, Robert Garcia of California, University of New Locations: Dean Phillips of Minnesota, New, South Carolina, Granite State, University of New Hampshire
Peter Thiel told The Atlantic that he won't be donating to any politician for the next presidential campaign. And when Thiel declined, Trump later called him a "fucking scumbag." AdvertisementAdvertisementAfter Peter Thiel told Donald Trump he wouldn't be donating any money to his campaign, the former president called him a "fucking scumbag," The Atlantic reported. Thiel told the magazine that when he declined, Trump "told me that he was very sad, very sad to hear that." AdvertisementAdvertisementTrump called Thiel a "fucking scumbag" and had discouraged Masters from running for Senate again, according to The Atlantic's profile.
Persons: Peter Thiel, Donald Trump, Thiel, Trump, , Blake Masters, JD Vance, he'd, Vance, couldn't Organizations: Service, PayPal, Venture, Senate, Atlantic, FBI Locations: Arizona, Ohio
Virgin Atlantic said on Friday that it would end its route between Austin and London in January. When Virgin Atlantic launched its nonstop London route, it offered four flights from Austin each week. AdvertisementAdvertisementAustin airport officials, in a statement, thanked Virgin Atlantic and indicated that they hoped to see the airline return in the future. "AUS is grateful to the incredible Virgin Atlantic team for launching this ambitious route," the statement read. Virgin Atlantic may be axing its London route from Austin, but British Airways remains, connecting the two cities with nonstop flights.
Persons: , Virgin Atlantic, Juha Järvinen Organizations: Virgin, Service, Virgin Atlantic, Heathrow Airport, Austin, Bergstrom International Airport, Washington Post, British Airways Locations: Austin, London, Texas, United States, Miami
Former chief of staff John Kelly confirmed that he witnessed firsthand Trump's comments about military service. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Up until Monday, Kelly did not comment on Trump's alleged statements, which were first detailed by The Atlantic in 2020. Per the Atlantic's reporting, the former president joined Kelly to visit his late son Robert Kelly's grave in 2017 and asked "I don't get it. Per the Atlantic report, Trump staff witnessed the president ask to exclude wounded veterans from a military parade because "Nobody wants to see that."
Persons: John Kelly, Trump, , Donald Trump, Kelly, Robert Kelly's, Peter Baker, Susan Glasser, Mark Milley, Sen, John McCain Organizations: Trump, Service, US Marine Corps, CNN, Gold Star, Atlantic, House, Chiefs, White House Locations: France, Vietnam
China risks Analysts have also noted Arm's limited control over its China joint venture, Arm China, which contributes 24% of revenue. "Plus, Arm can only sell to China customers via the Arm China channel, and they can offer competing product. With no direct stake in Arm China, they currently have very little control over their only means to sell in China." Valuation Analysts at New Constructs have also challenged Arm's valuation. Growth Analysts at Bernstein were also cautious, while expecting cloud, automotive, and mobile royalties to drive healthy top-line growth for Arm.
Persons: Rohit Kulkarni, Roth, SoftBank, Bernstein, Sara Russo, Russo, it's, Timm Schulze, Schulze, Melander, — CNBC's Michael Bloom Organizations: Apple, Nvidia, SoftBank Locations: British, New York, SoftBank, China, Arm China
Tropical Depression 13 formed Tuesday morning in the central tropical Atlantic, almost 1,000 miles west-southwest of the Cabo Verde Islands, according to the National Hurricane Center. The depression is expected to become a tropical storm later Tuesday. The next tropical storm will be given the name Lee. The hurricane is expected to grow significantly stronger by the weekend and is forecast to become the season’s third Category 3 or stronger hurricane as the weekend begins. Sunday, September 10, is the climatological peak of Atlantic hurricane season, when the basin is at its busiest on average.
Persons: Lee, Don, Franklin, Idalia, Philip Klotzbach Organizations: CNN, National Hurricane Center, Hurricane, Hispaniola –, Labor, Colorado State University Locations: Cabo Verde Islands, Leeward Islands, Caribbean, Leeward Islands , Puerto Rico, Hispaniola, Bahamas, East Coast, New Jersey
IS CLIMATE CHANGE AFFECTING HURRICANES? Yes, climate change is making hurricanes wetter, windier and altogether more intense. If it were not for the oceans, the planet would be much hotter due to climate change. Climate change can also boost the amount of rainfall delivered by a storm. It is unclear, however, if climate change is affecting the number of hurricanes that form each year.
Persons: Roy Ross, Storm, Alexandre Meneghini, Allison Wing, Gloria Dickie, Marguerita Choy Organizations: REUTERS, El Nino, Nature Communications, U.S . National Oceanic, Atmospheric Administration, NOAA, Florida State University . Hurricane, U.S, Northeastern Seaboard, North America, Atlantic, Hurricanes, South Pacific, Thomson Locations: Playa Majana, Cuba, Coast, U.S, Florida, , Florida, New York, Boston, Beijing, Tokyo, North, Asia's Bay, Bengal, North Pacific, East Asia, South, London
Hurricane Franklin gains strength, takes aim at Bermuda -US NHC
  + stars: | 2023-08-27 | by ( ) www.reuters.com   time to read: +1 min
Aug 27 (Reuters) - Hurricane Franklin is forecast to become the Atlantic's first major hurricane of the season on Monday and is on track to pass close to Bermuda on Wednesday, the U.S. National Hurricane Center (NHC) said on Sunday. "Additional strengthening is forecast, and Franklin is forecast to become a major hurricane on Monday," the advisory said. A tropical storm with maximum sustained winds of above 110 mph (177 kph) or higher is considered a major hurricane. Franklin is expected turn away from the U.S. eastern seaboard in the early part of the week but pass near the island of Bermuda on Wednesday, an NHC map shows. The NHC said swells generated by Franklin were beginning to affect Bermuda on Sunday night.
Persons: Franklin, Simon Lewis, Chris Reese, Lincoln Organizations: U.S, National Hurricane Center, NHC, Colorado State University, Panhandle, Thomson Locations: Bermuda, Miami, Franklin, U.S, United States, Florida, Georgia, Bengaluru
Tectonic plates under the Americas, Europe, and Africa are separating as the Atlantic Ocean grows wider. The tectonic plates undergirding the Americas are separating from those beneath Europe and Africa. Fragmented into tectonic plates, the Earth's crust fits together like a puzzle. Seafloor spreading, which occurs at divergent tectonic plates that are pulling apart like the MAR, is another. AdvertisementAdvertisementSolving a geological mysteryOne of the remote seismometers deployed by University of Southampton scientists in the Atlantic Ocean.
Persons: Joshua Stevens, Matthew Aguis, Agius, Catherine Rychert, Rychert Organizations: Service, NASA, University of Southampton, Roma Tre University, Ocean . University of Southampton Locations: Americas, Europe, Africa, Wall, Silicon, Sandwell, Iceland, Hawaii, Yellowstone
Economy seats account for 79.3% of seats between the U.S. and Europe, down from nearly 81.9% in 2018, before the pandemic, according to aviation data firm Cirium. Business-class seats' share of seats sold has grown slightly, from 12.9% to 13.5% though premium economy's share has increased even more, making up 6.4% of seats sold, up from 4.2% five years ago, while first class seats' share fell. Delta, JetBlue Airways , United Airlines , American Airlines , Finnair and Lufthansa are among the carriers that have recently announced upgraded first-class seats, suites with sliding doors or premium economy cabins. On rival United Airlines , a similar itinerary was nearly $1,850 in premium economy and $912 in standard coach. Business class easily tops $5,000 for that route.
Persons: DAL, Natalie Rasmussen, I'm, Rasmussen, Leslie Josephs, Edward Dryden, Delta Organizations: Airline, Delta Air Lines, Virgin Atlantic's, Virgin, U.S, JetBlue Airways, United Airlines, American Airlines, Finnair, Lufthansa, Singapore Airlines, CNBC, Collins Aerospace, Delta, Suites Locations: Europe, San Jose , California, London, Germany, Czech Republic, Delta, Emirates, New York, Paris
Gen Z fashion trends are sustainable, intentional, and just a little bit silly and ugly. "Wrong shoe theory" and Kramercore are part of a reaction to economic and climate turmoil. It's called "wrong shoe theory," and it's yet another Gen Z fashion moment that might seem counterintuitive at first. At the same time, as with many of the challenges that Gen Z encounters, there's an eye toward sustainability and looming climate doom. It's no wonder, then, that Gen Z is embracing another similarly kitschy and thriftable aesthetic: Kramercore.
Persons: It's, Allison Bornstein, Long, Gen, there's, Bornstein, Amanda Mull, Kramer, it's, Mull, — Kramer, , we've, Charmaine Simmons, Kramercore, Zers Organizations: Service, New York Times, Times, Los Angeles Times Locations: Wall, Silicon
We've now ushered in a "triple peak" day. The result is a "triple peak" day, as The Atlantic's Derek Thompson reported last April. But for those whose work is more solitary or not as time-sensitive, the triple peak day may offer a pathway to greater work-life balance. Working parents, for example, might adopt a triple peak day to spend more time with their kids during the day and finish work once their kids are off to bed. Are you working a "triple peak" day?
Persons: We've, Derek Thompson, Colette Stallbaumer, Mary Czerwinski Organizations: Service, Street Journal, Workers, Microsoft Locations: Wall, Silicon
LONDON, July 3 (Reuters) - British billionaire Richard Branson severely damaged Virgin Group's reputation by residing in a tax haven while UK-based airline Virgin Atlantic sought a government bailout during the pandemic, according to internal Virgin emails cited in a $250 million London lawsuit on Monday. The emails were cited by lawyers for U.S. train operator Brightline, which is being sued by the Virgin Group after cancelling a deal to use the Virgin brand in 2020, just over 18 months after it was signed. Under the deal Brightline operated a rail line in Florida using the name Virgin Trains USA. Brightline's lawyers cited internal Virgin Group emails describing group founder Branson being based in the British Virgin Islands for tax purposes as "a reputation killer", while one email from an external public relations adviser said: "Richard needs to show he's not a ruthless, tax-evading billionaire." In an April 2020 email, Virgin Group CEO Josh Bayliss referred to Branson's tax residency in relation to the request for a bailout, saying: "Richard cannot escape the criticism.
Persons: Richard Branson, Brightline, Branson, Richard, Josh Bayliss, Daniel Toledano, Virgin Atlantic's, Brightline's, Nigel Tozzi, Sam Tobin, Susan Fenton Organizations: Virgin Atlantic, U.S, Virgin Group, Virgin, Virgin Trains, British Virgin Islands, Real Madrid, Thomson Locations: Florida, British Virgin, Britain, United States, Barcelona, Bay
Gretchen Whitmer's love for "The Big Lebowski" is well documented. Gretchen Whitmer's love for "The Big Lebowski" is well documented. "You know, it's funny; 'The Dude abides'—it's a really wise philosophy," Whitmer told The Atlantic's Mark Leibovich as he followed her around the state last week for a brief profile that was published on Thursday. Whitmer, who Biden reportedly vetted as a possible running mate in 2020, repeatedly reiterated her support for the president. Along the way, Whitmer picked up "the Big Gretch" nickname that she has embraced, though she cautioned that was not her initial response.
Persons: Gretchen Whitmer's, Whitmer, Biden, , that's, Coen, Mark Leibovich, Leibovich, doesn't, Joe Biden, Trump, Roe, Wade Organizations: Michigan Gov, Democrat, Service, Democratic Locations: Michigan, Dobbs
CNN chair and CEO Chris Licht was ousted from the network on Wednesday. Insiders say Licht was responsible for pushing The Atlantic profile forward. I guess the lesson is: when your boss is about to do something really stupid, throw your body in the way. I say that because, last Friday, The Atlantic published a brutal 15,000+ word profile on CNN chair and CEO Chris Licht and today – well, today he got fired. But it was Licht who pushed the project forward over the summer of 2022, including over a long dinner with the writer.
Persons: Chris Licht, Licht, Kris Coratti Kelly, Matt Dornic, Dornic, Tim Alberta, Kelly didn't, I'm Organizations: CNN, Morning
Tucker Carlson's Twitter show finally made its debut. This may be problematic for Elon Musk if advertisers and users find the content crosses a line. The first episode of Tucker Carlson's Twitter show is finally here and it's exactly as you'd expect it to be: a meandering, uninterrupted monologue on Ukraine war conspiracies, 9/11, and UFOs. Carlson's debut will do little to dispel the sense that Twitter under Elon Musk has become a merry-go-round of conspiracies and extreme speech. Musk also tweeted Carlson's first episode not with a congratulatory note, but instead by extending an invitation to others to launch their own programs.
Persons: Tucker, Elon Musk, Tucker Carlson's, Carlson, Jeffrey Epstein, You've, Ritchie Torres, Pekka Kallioniemi, tweeting, Anne Applebaum, It's, Musk, Carlson's, Linda Yaccarino Organizations: Twitter, Morning, Tucker Carlson's Twitter, Fox News, herder, Elon, Democrat, Fox, The New York Times, NBC Locations: Ukraine, Tajikistan
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