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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Commerce Secretary Carlos Gutierrez on the impact of new China tariffsFormer U.S. Commerce Secretary Carlos Gutierrez joins 'Money Movers' to discuss the category of new tariffs Gutierrez finds most interesting, the strategy to target electric vehicles, and more.
Persons: Carlos Gutierrez, Gutierrez Organizations: Former, Former U.S . Commerce Locations: China
That's due, in part, to new American tariffs on China-made EVs, Tavares said, citing among other reasons as well. The Biden administration on Tuesday announced stiff new tariff rates on billions' worth of Chinese imports, including quadrupling tariffs on imported Chinese electric vehicles, from 25% to 100%. The joint venture's expansion plans include at least six EVs by 2027, according to a presentation by Stellantis and Leapmotor. The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions. Many in and around the automotive industry fear the less-expensive, China-made vehicles will flood the markets, undercutting domestic-produced EVs.
Persons: Carlos Tavares, Zhu Jiangming, EVs, Tavares, Biden, " Tavares, Stellantis Organizations: Stellantis, Leapmotor, Europe —, Asia Pacific Locations: China, Europe, Europe — France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece, Romania, East, Africa, India, Asia, South America, U.S, Hangzhou
Donald Trump upended decades of American policy when he started a trade war with China. Many thought that President Biden would reverse those policies. Instead, he’s stepping them up. Jim Tankersley, who covers economic policy at the White House, explains.
Persons: Donald Trump, Biden, Jim Tankersley Organizations: White Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy prices likely won't go back downHistorical data suggests the key factor in bringing down prices is a slowdown in consumer spending. Despite nearly half of Americans reporting feeling in a worse financial situation than five years ago, they're still spending. Retail sales were up 2.1% year over year in the first quarter of this year and consumer spending jumped in February and March. Watch the video above to learn more about why prices will likely remain high.
Persons: they're
Floods in Brazil's Rio Grande do Sul have sparked a number of online conspiracy theories. Jefferson Bernardes/Getty Images"What's happening in Rio Grande do Sul is definitely not natural," one user wrote on X. Advertisementvapor trails — "chemtrails" — spread by the government and then activated by HAARP antennas in Alaska to alter the weather, AFP reported. In the 1990s, a conspiracy theory evolved that they contained dangerous chemicals purposely put in the trails. Advertisement"The warmer atmosphere can store much more water vapor, fueling more frequent and intense episodes of rainfall that lead to disasters like this," he said, while also dismissing the HAARP theory.
Persons: , Eduardo Leite, El Niño, Porto Alegre . Jefferson Bernardes, Hugo Chavez, Russell Brand, nesta, Gc4PiOiPv1 — Frederico Athia, Carlos Nobre Organizations: Service, National Institute of Meteorology, Research, AFP, BBC, Brazil's National Institute of Science, Technology, United Arab Emirates, University of Cambridge Locations: Brazil's Rio Grande do Sul, Rio Grande do Sul, Brazil, Porto Alegre ., American, Haiti, Alaska, Dubai
Immigrants nationwide are relying heavily on gig work driving for Uber and Lyft to make ends meet. AdvertisementThe major ride-hailing companies told BI they aim to support immigrant drivers. BI spoke with a dozen immigrant Uber and Lyft drivers who moved to South Florida from countries including Cuba, El Salvador, Haiti, and Venezuela. Dozens of ride-hail drivers from across the country who spoke to BI over the last few months said they've recently noticed more immigrant drivers on the apps. AdvertisementDespite the challenges of earning enough, some drivers are set on perfecting strategies to make driving work for them.
Persons: Uber, , Rodolfo, He's, he's, Katie Wells, Ellis, Wells, they've, she's, Edgar, didn't, hasn't, Alex, haven't, Eliezer, Carlos, Nicanor Organizations: Service, Ipsos, McKinsey, Georgetown University, International Rescue, Immigrants, Economic, The Washington Post, New York, Deliveristas Unidos, BI, Uber, Amazon, Miami, downtown Locations: South Florida, Venezuela, Washington, DC, Cuba, El Salvador, Haiti, New, Miami, Haitian, Nicaragua, Miami Beach, New York, downtown Miami
Carlos Avila Gonzalez/San Francisco Chronicle/Getty Images The northern lights shine in the night sky above the Molenviergang in Aarlanderveen, the Netherlands, early May 11. Alexey Malgavko/Reuters The northern lights are seen in a rural area west of Fort Lauderdale, Florida, on Friday, May 10. Courtesy Luke Culver People photograph the northern lights from Whitley Bay, England, on May 10. Courtesy Jan Reed The northern lights glow in the night sky in Brandenburg, Germany, on May 10. Increased solar activity causes auroras that dance around Earth’s poles, known as the northern lights, or aurora borealis, and southern lights, or aurora australis.
Persons: Chad Myers, it’ll, Alastair Johnstone, Andrew Chin, Sanka Vidanagama, Carlos Avila Gonzalez, Josh Walet, Robert Nemeti, Jean, Christophe Bott, Max Slovencik, Alexey Malgavko, Luke Culver, Ian Forsyth, Robert F, Geoff Robins, Rich, Jan Reed, Patrick Pleul, Jenny Kane, Adam Vaughan, Jacob Anderson, Peter Byrne, Biden, it’s, Dr, Hakeem Oluseyi, Bill Nye, Guy, , Organizations: CNN, National Oceanic, Prediction, Midwest, Getty, San Francisco Chronicle, Keystone, AFP, Luke Culver People, Rockies, National Weather Service Locations: Alabama, Ohio, Pacific Northwest, North America, Gulf, , Sheffield, England, Manning, British Columbia, Christchurch , New Zealand, AFP, Berryessa , California, Aarlanderveen, Netherlands, Debrad, Slovakia, Anadolu, Le, Dessous, Switzerland, Vienna, Siberian, Tara, Russia's Omsk, Fort Lauderdale , Florida, Whitley Bay, Brunswick , Maine, London , Ontario, Ontario, Tennessee, Washington, Memphis , Tennessee, Rich Hill , Missouri, Brandenburg, Germany, Estacada , Oregon, Cumming , Georgia, Crosby , England, Edinburgh, Scotland, Crosby Beach, Liverpool, Texas, Coast, Sweden, South Africa, United States
The virtual meeting was attended by several hundred members of the Senate, which includes all faculty members who meet certain criteria. A vote of no confidence in Mr. Block would have been the harsher of the two measures. Mr. Block, 75, did not comment on the resolutions on Friday. Medical school faculty members described hearing from medical students and residents who had been attacked as they tried to treat injured protesters. will join a list of universities whose faculty and staff have united with protesters to rebuke their administrators’ handling of pro-Palestinian demonstrations.
Persons: Counterprotesters, Gene Block, , Carlos Santos, U.C.L.A, Block, Tom Jackson Jr, counterprotesters, Mark Abramson, , Matt Barreto, Mr, Barreto Organizations: Senate, University of California, Legislative Assembly, Luskin School of Public Affairs, Medical, University of Southern, The University Senate, California State Polytechnic University, Humboldt, Police, California, Patrol, The New York Times, Jewish Federation Los Angeles Locations: U.C.L.A, Los Angeles, University of Southern California
Read previewUS bases and aircraft in the Pacific are facing intense threat from Chinese missiles, and the Pentagon isn't doing enough to counter that challenge, according to American lawmakers. In a Wednesday letter to Air Force Secretary Frank Kendall and Navy Secretary Carlos Del Toro, 13 members of Congress pointed out glaring vulnerabilities in the Pacific region and demanded "immediate changes." A U.S. Air Force Rockwell B-1B Lancer (L) and a Boeing KC-135 Stratotanker (R) sit on the tarmac at Andersen Air Force base on August 17, 2017, in Yigo, Guam. Justin Sullivan/Getty ImagesIn the letter, lawmakers note that many of the US bases in the Pacific remain unhardened, leaving aircraft and assets vulnerable to missile strikes. Notably, none of the US shelters were in Guam — home to Andersen Air Force Base which routinely hosts American bombers.
Persons: , Frank Kendall, Carlos Del Toro, John Moolenaar, Justin Sullivan, Tom Shugart, Timothy A, Walton, Andy Wong Organizations: Service, Pentagon, Air Force, Business, Department of Defense, Chinese Communist Party Rep, Commonwealth of, Pacific ., U.S . Air Force Rockwell, Boeing KC, Andersen Air Force, US, Center, New, New American Security, Hudson Institute, Andersen Air Force Base, American, People's Liberation Army Rocket Force, Lawmakers, Rocket Force, China's Locations: Pacific, China, Okinawa, Guam, Commonwealth, Northern Mariana, U.S, Yigo, New American, Shugart, Tiananmen, Beijing
Officials are urging those who have been rescued from the floods not to return to their homes. Carlos Fabal/AFP/Getty ImagesA horse was found stranded on a rooftop in a flooded area in Brazil's Rio Grande do Sul on Wednesday, May 8. It had been stuck on the roof for four days surrounded by flood water in the municipality of Canoas in the Brazilian state Rio Grande do Sul. Agencia Brasil, the sate-run news agency, has reported the rescue of more than 2,000 animals since the floods impacted Rio Grande du Sol, including dogs, cats, chickens, and pigs. Cars are surrounded by flooded streets after heavy rain in Canoas, in Rio Grande do Sul state, on May 9, 2024.
Persons: INMET, Katiane Mello, James Vargas, Carlos Fabal, , Luiz Inácio Lula da Silva, El Niño, Carlos Macedo, Adriano Machado Organizations: CNN, Getty, Globo, Agencia Brasil, AP Brazilian Air Force Soldiers, Brasilia Air Force Base, Reuters Locations: Brazil, Rio Grande do Sul, Uruguay, Porto Alegre, Eldorado do Sul, AFP, Brazil's Rio Grande do Sul, Paulo’s, Canoas, Rio Grande, Sol, Pacific, Reuters Rio Grande do Sul
Donald Trump is searching for a running mate, and his list of potential candidates is getting smaller and smaller. This week, the hosts discuss whether Trump is considering other qualities beyond loyalty, and they debate what his eventual choice could mean for the future of Trumpism in the Republican Party. Plus, Michelle wants to worm her way into candidate medical records. (A full transcript of this audio essay will be available within 24 hours of publication in the audio player above.)
Persons: Donald Trump, Michelle Organizations: Trump, Republican Party
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpanish economy minister explains why he's opposed to BBVA's hostile takeover bid of SabadellCarlos Cuerpo, Spain's economy, trade and business minister, explains why the Spanish government opposes BBVA's hostile takeover bid of Banco Sabadell. Cuerpo also weighs in on the status of a European capital markets union.
Persons: he's, Sabadell Carlos Cuerpo, Cuerpo Organizations: Sabadell, Banco Sabadell
"As we all know, last year was challenging, and we've made some changes this year," the note said. On Friday, Target confirmed it will reduce the number of stores that carry its assortment of LGBTQ+ merchandise for Pride month in June. The company said it will offer a collection online and certain stores "based on historical sales performance." AdvertisementRead the email from Target to the LGBTQ+ employee group:Pride+ community,As you know, team members across Target have been working on our Pride 2024 plans for months. As we all know, last year was challenging, and we've made some changes this year based on guest insights and sales trends.
Persons: we've, , Brand Marketing Carlos Saavedra, Saavedra, you'd, Ann, Jeff, Carlos Organizations: Service, Business, Bloomberg, Target, Brand Marketing, Pride Locations: Minneapolis , New York City
How to survive sleeping with a sleep talker
  + stars: | 2024-05-09 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +6 min
“There are some things you, the bed partner, can do to save your sleep,” Schenck said. Medications to treat depression, and other mental health disorders, high blood pressure, seizures, asthma and, oddly, other sleep disorders can also cause sleep talking, according to the Cleveland Clinic. “Cut out alcohol so you can share your consideration for the bed partner who is disturbed by your sleep talking.”What causes sleep talking? Sleep talking is a parasomnia, in the same category as sleep terrors, sleep eating, sleep paralysis and sleep sex. Some people who have sleep talking or walking as children do return to the behavior as adults, but many others do not,” he said.
Persons: Carlos Schenck, ” Schenck, , GERD, Schenck, Jennifer Mundt, , Earplugs, Mundt, ” Mundt, Parasomnias Organizations: CNN, American Academy of Sleep, Hennepin County Medical, University of Minnesota, Cleveland Clinic, Northwestern University’s Feinberg School of Medicine Locations: Hennepin, Chicago
Learn moreThe 2024 Italian Open has arrived, following a bumpy few weeks that saw multiple injury-related upsets plague the ATP tour. Below, we'll break down everything you need to know about the 2024 tournament, including where to watch the Italian Open and when the can't-miss ATP and WTA matches air. Alcaraz and Sinner will sit out the Italian Open, but Medvedev (who won the 2023 competition) is scheduled to play on Friday. Shop at SlingWhere to watch the Italian Open in the UKThe Italian Open is available to watch through Sky Sports in the UK. Where to watch the Italian Open in New ZealandStarting on Sunday, New Zealanders can catch the women's matches live through TVNZ.
Persons: Carlos Alcaraz, Daniil Medvedev, Alcaraz, Medvedev, Rafael Nadal, Novak Djokovic, Elena Rybakina, Iga Świątek, Naomi Osaka, Coco Gauff, Świątek, Aryna, you've, Marta Kostyuk, Magdalena Fręch, Iga, Bernarda Pera, AWST, ExpressVPN Organizations: Business, WTA, BNL, ATP, Madrid, Sky Sports, TVNZ, Tennis Channel, Sling, Tennis Locations: Italian, New Zealand, ExpressVPN, New Zealanders, Zealand
A logo outside the Banco Sabadell SA offices at the Banc Sabadell Tower in Barcelona, Spain, on Wednesday, May 1, 2024. Spanish bank BBVA caught markets by surprise on Thursday after it announced a rare hostile takeover bid for domestic rival Banco Sabadell, with one investment firm describing the situation as "very strange." The move comes shortly after a separate 12 billion euro ($12.87 billion) takeover offer from BBVA to Sabadell's board was rejected earlier in the week. BBVA said its takeover offer has the same financial terms as the merger offered to Sabadell's board. Shares of BBVA fell 6% at around midday London time on Thursday, while Sabadell's stock price rose more than 3%.
Persons: Carlos Torres Vila Organizations: Banco Sabadell SA, BBVA, Banco Sabadell, Banco Locations: Banc, Barcelona, Spain, Spanish
The headquarters of the Spanish bank BBVA are seen in Madrid, Spain. Spanish bank BBVA on Thursday presented a 12.23 billion euro ($13.11 billion) takeover bid for rival Sabadell directly to shareholders, even though Sabadell's board this week already rejected the proposal on the same terms. BBVA's decision follows Sabadell's board on Monday saying the unsolicited bid significantly undervalued the bank's potential and growth prospects. BBVA, Spain's second-biggest bank by market value after Santander, offered an exchange ratio of 1 newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices. Spanish banks have been looking for ways to increase revenue as a boost from high interest rates begins to fade.
Persons: Carlos Torres Vila Organizations: BBVA, Sabadell, Banco, Hostile, UBI Banca, Spain's, Santander Locations: Spanish, Madrid, Spain
But the FBI said this week they’ve arrested the mystery man who entered her Madrid apartment building that night: her estranged husband. Knezevich’s attorney, Kenneth Padowitz, told CNN in February that his client is innocent and “has never been to Spain.” Padowitz declined to comment Wednesday after Knezevich’s arrest. She was planning a trip to Barcelona with her friends on February 5, her brother told CNN, making her sudden lack of contact more concerning. Spanish firefighters entered her apartment for a welfare check and she was nowhere to be found, court documents said. And they were written with the help of another Colombian woman Knezevich had met on a dating app months earlier, court documents said.
Persons: Ana Maria Knezevich, Henao, they’ve, David Knezevich, he’d, Kenneth Padowitz, , ” Padowitz, Knezevich, ” Henao, Padowitz, Ana Maria Knezevich Henao, Manu Fernandez, James Marshall, they’re, ” Marshall, , Sanna Rameau, ” Rameau, she’d, — Knezevich, Knezevich’s, CNN’s Pau Mosquera, Denise Royal, Carlos Suarez Organizations: CNN, FBI, Miami International Airport, EOX Technology Solutions Inc, Peugeot, AP FBI Locations: Madrid, Spain, Florida, Barcelona, Fort Lauderdale, Miami, Serbia, Spanish, Turkey, Belgrade, Salamanca, Colombia, Colombian, Bogota
Carlos Barria | Afp | Getty ImagesDifferences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday. IMF Deputy Managing Director Gita Gopinath said in a speech at Stanford University that events such as the global pandemic and Russia's invasion of Ukraine have disrupted global trade relations in ways not seen since the Cold War. "Increasingly, countries around the world are guided by economic security and national security concerns in determining who they trade with and invest in," she said, adding that this has resulted in countries increasingly picking sides between China and the U.S. Trade between the China and U.S. blocs has declined compared with trade among countries within the groupings, Gopinath said. The U.S. bloc mainly includes Europe, Canada, Australia and New Zealand, while China-leaning countries include Russia, Eritrea, Mali, Nicaragua and Syria.
Persons: Xi Jinping, Carlos Barria, Gita Gopinath, Gopinath Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, International Monetary Fund, Stanford University, U.S, IMF, Trade, West Locations: Asia, San Francisco , California, China, Ukraine, Washington, Beijing, U.S, South, Taiwan, Europe, Canada, Australia, New Zealand, Russia, Eritrea, Mali, Nicaragua, Syria
Spanish bank Sabadell rejects $12.9 billion BBVA merger proposal
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: +3 min
Sabadell's board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday. Last week, BBVA had offered an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices. Since the indicative offer was announced by BBVA, Sabadell have risen 8.8% while shares in BBVA have fallen 9.7%. Taking into account Monday's closing share price, the premium would just be equivalent to 7.8%, valuing Sabadell at around 11 billion euros. The combined entity would also overtake Caixabank as the biggest domestic lender in Spain with over 625 billion euros in assets in the country, compared with Caixabank's just over 574 billion euros.
Persons: Sabadell's, Carlos Torres, Caixabank, Caixabank's Organizations: BBVA, Banco Sabadell, Sabadell, Santander Locations: Spanish, Madrid, Spain, Sabadell
While many of the effects of climate change, including heat waves, droughts and wildfires, are already with us, some of the most alarming consequences are hiding beneath the surface of the ocean. David Gelles and Raymond Zhong, who both cover climate for The New York Times, explain just how close we might be to a tipping point.
Persons: David Gelles, Raymond Zhong Organizations: New York Times
Two US Navy warships on the front lines of the Houthi battle are back in the Red Sea. The USS Dwight D. Eisenhower and USS Gravely made a recent port visit in Greece. AdvertisementThe US Navy aircraft carrier that spent months battling the Houthis in the Red Sea is rearmed and back in the waterway after a short break. AdvertisementThe Nimitz-class aircraft carrier USS Dwight D. Eisenhower prepares to port in Souda Bay, Greece on April 28. While there may be no immediate end in sight to the Red Sea conflict, US officials have routinely stressed that American forces will continue to engage the Houthis.
Persons: Dwight D, Eisenhower, , Arleigh Burke, Mercy Crowe, Ike, Marc Miguez, Miguez, Souda, Navy Carlos Del Toro, National Intelligence Avril Haines, Nicholas Rodriguez, Haines, Pat Ryder Organizations: US Navy, Navy, Service, Business, NATO, Nimitz, Mass Communication, Eisenhower Carrier Strike, Fighter Squadron, Eisenhower, US, National Intelligence, Armed Services, Department of Defense, Pentagon Press, Air Force Locations: Red, Greece, Souda Bay, Crete, Gulf, Aden, Yemen, Iran, Gaza, Israel
Spanish startups hit Microsoft with complaint over cloud practices
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: +3 min
Microsoft was hit with a Spanish startup group's complaint about its cloud practices to the Spanish antitrust regulator on Tuesday, the latest grievance over its fast-growing cloud computing services and which followed a trade group's EU complaint. The Spanish Startup Association, which represents more than 700 startups in Spain, cited a number of allegedly anti-competitive practices by Microsoft in recent years. Microsoft defended its cloud practices. "Microsoft provides choice and flexibility for our customers to switch to another cloud provider at no cost, and our licensing terms enable our customers and other cloud providers to run and offer Microsoft software on every cloud," a spokesperson said. "We will engage with the Spanish Startup Association to learn more about its concerns."
Persons: Carlos Mateo Organizations: Microsoft, Mobile, Amazon, Spanish Startup Association, Operating Systems, Windows, Reuters, Cloud Infrastructure Services, European Commission, Competition, Markets Locations: Barcelona, Spain, Spanish, U.S, Europe
Nauta testified to a grand jury two months before the August 2022 search about boxes he took from Mar-a-Lago’s storage room in January 2022. Nauta grand jury testimony could be used at trial against TrumpThe newly unredacted Mar-a-Lago search warrant affidavit and Nauta’s grand jury testimony were included in court filings as part of several challenges Trump and Nauta are making against Smith’s case. 03:33 - Source: CNNNauta’s grand jury testimony could become a notable part of an eventual trial against Trump. Even if Nauta refuses to testify, prosecutors could seek to use his grand jury statements about Trump in their presentation to a jury. According to the affidavit, the Justice Department sought from the Trump Organization Mar-a-Lago’s surveillance footage in the immediate days after Nauta’s grand jury testimony.
Persons: Donald Trump’s, Trump, Walt Nauta, Nauta, ” Nauta, Jack Smith, Carlos De Oliveira, vindictively, Lago, FPOTUS, , Stanley Woodward, Aileen Cannon, pushback, CNN’s Hannah Rabinowitz Organizations: CNN, National Archives, Mar, FBI, Trump, Archives, Justice Department, Trump White House, NARA, Trump Organization, US Locations: Lago, Florida, Mar, Nauta, United States
Donald Trump's Mar-a-Lago documents trial has been delayed indefinitely. AdvertisementThe judge overseeing Donald Trump's criminal case over his holding onto secret government documents following his presidency delayed the trial indefinitely — giving him the chance to get rid of the charges if he wins the 2024 election. Another criminal case overseen by Smith, in a federal court in Washington, DC, was previously scheduled for March 4. In that case, Smith alleged Trump broke criminal laws through his efforts to overturn the results of the 2020 election. Trump's attorneys have also made immunity arguments in the classified documents case.
Persons: Donald Trump's Mar, It's, , Donald Trump's, Aileen Cannon, Cannon —, Trump, Carlos de Oliveira, Waltine Nauta —, Jack Smith, de Oliveira, Trump's, Stormy Daniels, — Trump, Smith, MANDEL NGAN, Fani Willis, Juan Merchan, Todd Blanche, Blanche, Merchan, reconvene, Cannon Organizations: Trump, Service, Nauta, Republican, Justice Department, US, Getty Images Locations: Lago, Manhattan, Washington ,, AFP, Getty Images Fulton County, Georgia, York, Florida, New York
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