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Power’s 2024 North American Airline Satisfaction Study. Power hasn’t revealed an overall North American airline passenger satisfaction score, with Mike Taylor, travel intelligence lead at J.D. Power’s top North American airlines for economy passengers1. Power’s top North American airlines for premium economy passengers1. Power’s top North American airlines for first/business passengers1.
Persons: , Power hasn’t, Mike Taylor, That’s, Tony Gutierrez, , Taylor, , ” Taylor Organizations: CNN, North, Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, AP, ” Airlines, Allegiant, Alaska Airlines, JetBlue Airways, American Airlines, United Airlines, Air Canada, Spirit Airlines, Frontier Airlines, Delta Air, . Alaska Airlines, Air Locations: ., J.D, Power, Delta, North America
Read previewA more intense cold war between the US and China would have a potentially dire impact on the global economy, according to an official from the International Monetary Fund. Speaking at Stanford University on Tuesday, IMF deputy managing director Gita Gopinath said that while US-China tensions haven't yet devolved into a full-blown cold war, such an escalation would be a major headwind to global growth. Advertisement"The emergence of these 'connector' countries—perhaps most notably Mexico and Vietnam—may have helped cushion the global economic impact of direct trade decoupling between the U.S. and China," Gopinath said. Zooming out, Gopinath highlighted that geopolitical instability in regions like the Middle East and turmoil stemming from the Russia-Ukraine war has sparked trade turbulence unseen since the Cold War. The IMF emphasized that trade fragmentation carries a higher price tag today, with the goods trade-to-GDP ratio now at 45% compared to 16% at the onset of the Cold War.
Persons: , Gita Gopinath, Gopinath Organizations: Service, International Monetary Fund, Stanford University, Tuesday, Business, IMF, U.S Locations: China, Mexico, Vietnam, Russia, Ukraine
The rate of EV sales has been slowing for about a year, major automakers have pulled back on their previously lofty EV goals, and even electric car-giant Tesla is faltering. Demand for electric vehicles hasn't dried up completelyDemand for expensive EVs has softened significantly, but an opening exists in the affordable market. A new generation of electric car shoppers are looking for different options than their early-adopting counterparts. Essentially every major automotive company at this point has built its future around selling more electric vehicles. The real divide here is not between hybrids and EVs, but between legacy car companies and EV-only startups.
Persons: , it's, Power, It's, Elon Musk Organizations: Service, Business, EV, Companies, Ford, GM Locations: EVs
Reddit reported a loss of $8.19 per share on $243 million of revenue. Analysts surveyed by FactSet were expecting a loss of $8.75 per share on $214 million of revenue. Electronic Arts – The video game stock fell more than 3% after disappointing results for the fiscal fourth quarter. Cirrus Logic posted fourth-quarter adjusted earnings of $1.24 per share, exceeding the 64 cents per-share earnings analysts polled by StreetAccount anticipated. Match projected between $850 million and $860 million of revenue, while analysts surveyed by StreetAccount were looking for $882.7 million.
Persons: Reddit, FactSet, StreetAccount, Rivian, LSEG, , Fred Imbert, Michelle Fox Theobald, Yun Li, Sarah Min Organizations: Technologies, Arts, EA, Intel —, Intel, Department of Commerce, LSEG, Bros, Cirrus, Logic, Revenue, Arista Networks, Arista Locations: China
CNN —An influential group of medical experts, the US Preventive Services Task Force, recommended last week that most women receive a mammogram starting at age 40. People should now starting getting mammograms at age 40, according to new recommendations. According to a study in the journal Lancet Oncology, the mortality from breast cancer could be lowered by starting mammograms earlier, at age 40. A woman who has a sister, mother or other first-degree relative with breast cancer has double the average risk of breast cancer. Wen: Someone who has a family history of breast cancer may be recommended for genetic testing.
Persons: Leana Wen, Wen Organizations: CNN, US Preventive Services Task Force, George Washington University, Getty, American Cancer Society, Preventive, Force, White, Oncology, The American College of Obstetricians, American, of Radiology Locations: United States
(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. A closely watched electric vehicle maker and a cloud software company were among the talked stocks by analysts on Tuesday. "We move to Sell given the increased lack of visibility around an inflection in the aforementioned trends," said analyst Kash Rangan. – Samantha Subin 6:19 a.m.: Wall Street reacts to Reddit's first earnings print as a public company Reddit's first earnings report since hitting the public markets in March is garnering some mixed responses from Wall Street analysts. "Its limited production and commercial history leaves much to be seen," he wrote "Rivian must prove it can acquire the customer base, while maintaining low advertising costs."
Persons: there's, Baird, Goldman Sachs, Kash Rangan, Rangan, – Samantha Subin, Mark Shmulik, Reddit, Doug Anmuth, Bank of America's Justin Post, Citi's Ronald Josey, Samantha Subin, Mark Delaney, Rivian, Dan Levy, RIVN, Wells Fargo's Colin Langan, Langan, Datadog Baird, Amit Agarwal, Will Power, DDOG, Power, Fred Imbert Organizations: CNBC, ZoomInfo Technologies, Wall Street, Google, Bank of America's, Barclays, Datadog, Cisco Locations: Rivian, Datadog
April saw the highest number of corporate bankruptcies in a year, S&P Global said. Eroding bets of an interest rate cut contribute to this, as burdened business throw in the towel. AdvertisementCorporate bankruptcies increased in recent months amid teetering confidence in a quick interest rate pivot. AdvertisementBy one measure, rising costs did slow when a rate cut looked likely in early 2024. But last month's stubborn inflation and slowing GDP made a Fed cut look unlikely, and yields shot up to 8.11%.
Persons: , April's, Frances Donald Organizations: P Global, Service, Federal, ICE, Fed, Investment
“I was depressed, severely depressed for that whole time.”Five months earlier, in October 2022, Bentley had started taking Mounjaro for weight loss. Ozempic uses the active ingredient semaglutide, and Wegovy is the version approved for weight loss. Mounjaro uses tirzepatide, which also targets a second hormone called GIP, and Zepbound is its brand name for weight loss. Safety in pregnancyEven as GLP-1 medicines may increase fertility, little is known about their safety during pregnancy. “It’s kind of like heart failure or sleep apnea,” he said, referring to conditions for which GLP-1 drugs have recently shown positive results.
Persons: CNN — Catera Bentley, Bentley, , , ” Bentley, she’d, , , ’ Bentley, Jody Dushay, Dushay, Catera Bentley, Ivy, Daniel Drucker, ” Drucker, they’re, Drucker, Eli Lilly, ” Dushay, haven’t, That’s, Anuja Dokras, Dokras, Melanie Cree, Cree, PCOS, aren’t, Eli Lilly’s, Daniel Skovronsky, ” Skovronsky, Dr, Sanjay Gupta, it’s, Mounjaro Organizations: CNN, Beth Israel Deaconess Medical Center, Harvard Medical School, University of, Mount Sinai, Novo Nordisk, Zepbound, US Centers for Disease Control, University of Pennsylvania, PCOS, Children’s Hospital, National Institutes of Health, CNN Health Locations: Steele , Alabama, Mount, United States, Children’s Hospital Colorado, , Colorado
Accusers stepped forward in 2018, as the #MeToo movement was taking off. Victims of sexual violence, consequently, often say they feel less isolated than they used to. Join us on Twitter and FacebookThere is, perhaps, one way in which the detractors of the #MeToo movement have a point. All of them — colleagues, neighbors or blood relations — more often than not, are able to maintain their status and privilege of their professions, despite allegations of sexual violence. It remains unclear whether the French will at long last “cancel” Gérard Depardieu, even if one or both trials find him guilty of sexual violence.
Persons: Caroline Séquin, , Gérard Depardieu, Caroline Sequin, Depardieu, Jacques Chirac, “ Depardieu, , Le Figaro, it’s, ” Depardieu, Emmanuel Macron, “ I’m, he’s, , ” Macron, Carla Bruni, Nicolas Sarkozy, Harvey Weinstein’s, Sandra Muller, , she’s, Le, Catherine Deneuve, men’s, that’s, MeToo, Camille Kouchner’s, ” Gérard Depardieu Organizations: Lafayette College, CNN, CNN —, Legion, Mediapart, France, Le Monde, French Interior Ministry, Twitter Locations: Easton , Pennsylvania, France, French, Colonial Senegal, CNN — France, United States, Familia Grande
The fight has split the railroad’s unions, who disagree which management team – the current Norfolk Southern leadership or one proposed by activist investor Ancora Holdings – would be best for safety and the railroad’s employees. Norfolk Southern CEO Alan Shaw, third from left, listens to testimony during a hearing held by the Senate Commerce, Science, and Transportation Committee on March 22, 2023 in Washington, DC. The committee heard testimony on "Improving Rail Safety in response to the East Palestine Derailment." BLET said that Orr’s appointment shows that Norfolk Southern is committed to additional use of PSR, no matter which side wins the the proxy fight. On February 3rd, a Norfolk Southern Railways train carrying toxic chemicals derailed causing an environmental disaster.
Persons: Alan Shaw, Amit Bose, Win McNamee, Bose, , , Jeremy Ferguson, Shaw, “ Shaw, Jerry Sturdivant, John Orr, BLET, Michael Swensen, Jim Barber, Glass Lewis, Ancora Organizations: New, New York CNN, Norfolk, Norfolk Southern, Ancora Holdings, PSR, Federal Railroad Administration, Senate Commerce, Science, Transportation, Shaw, SMART, of Locomotive Engineers, Trainmen, NS, Canadian Pacific, Canadian Pacific Kansas City, Way Employees, Norfolk Southern Railways, Teamsters, UPS, CSX, Union Pacific Locations: New York, Norfolk Southern, Atlanta, East Palestine , Ohio, Norfolk, East Palestine, Washington ,, Canadian Pacific Kansas, Palestine, , NS
A Hong Kong court on Wednesday granted a government request to ban a popular pro-democracy anthem, raising further concerns about free speech in the city. The decision, which overturned an initial ruling, could give the government power to force Google and other tech companies to restrict online access to the song in Hong Kong. At issue in the case is “Glory to Hong Kong,” which emerged in 2019 as an unofficial anthem for democracy protests and a flashpoint for the authorities, who considered it an insult to China’s national anthem. The song has been banned from Hong Kong schools and has drawn angry official rebukes when played, apparently by mistake, at international sports events. People convicted of posting seditious content online have gone to prison.
Organizations: Google Locations: Hong Kong, Beijing, British
Opinion: Russia can lose this war
  + stars: | 2024-05-08 | by ( Opinion Timothy Snyder | ) edition.cnn.com   time to read: +6 min
And far too many of us, during Russia’s war of aggression in Ukraine, have believed that. Of its three most consequential foreign wars, the Red Army lost two. And the Russian army of today is not the Red Army. It was disproportionately Ukrainians who fought their war to Berlin in the uniform of the Red Army. Russia can lose this war, and should, for the sake of Russians themselves.
Persons: Timothy Snyder, Richard C, Levin, , , Read, Leonid Brezhnev, Putin, Alexander Nemenov, Brezhnev, Vladimir Putin, Robert Nickelsberg Organizations: Global Affairs, Yale University, CNN, Russia, Getty, Red, Red Army, Soviet, Lease, Russian Empire, Russo, Fascism Locations: Nazi Germany, Russia, Ukraine, AFP, Poland, Afghanistan, USSR, Soviet Ukraine, Berlin, United States, Russian, Crimean, Japanese, Europe, Pacific, Kabul, Soviet Union, Crimea, Japan, Soviet, Ukrainian
This year's college admissions cycle is wrapping up, and it's been eventful. Before high school seniors even started submitting applications in the fall, several factors were poised to shake up the admissions season. Separately, college students and administrators' responses to the Israel-Hamas war has brought even greater scrutiny to higher education institutions. And despite issues like the FAFSA delays, some colleges still wanted incoming students to make a decision — and a deposit — by May 1. Durso Finley and Burks Becker shared insights from what they've seen working with students and families throughout this unusual school year.
Persons: it's, Jeffrey Durso Finley, Holly Burks Becker, Durso Finley, Burks Becker Organizations: Federal Student Aid, College, Harvard University, University of Pennsylvania, Columbia University, University of Southern, The Lawrenceville School, CNBC Locations: Israel, University of Southern California, New Jersey
That shakiness around when the cuts are coming, as well as the expectation that rates could remain higher for longer creates an opportunity for active managers. Rick Rieder, BlackRock's global chief investment officer of fixed income, told CNBC in a phone interview. Indeed, core bond funds were among the winners in the 2008 crisis. For starters, they should think about the role they want a given bond fund to play within their portfolio: Is it to offset equity risk or to boost returns? "You're not investing in bond funds to shoot the lights out and build your wealth pile," said Morningstar's Jacobson.
Persons: Rick Rieder, Rieder, Eric Jacobson, Morningstar, John Croke ,, Morningstar's Jacobson, Jaime Quinones, they're, Quinones Organizations: Federal Reserve, Barclays, Bank of America, Citigroup, CNBC, Bloomberg, SEC, Morningstar, Vanguard, Stockade Wealth Management, Mutual Locations: Marlboro , N.J
An Israeli tank brigade seized control Tuesday of the Gaza Strip side of the Rafah border crossing with Egypt, authorities said, moving forward with an offensive in the southern city even as cease-fire negotiations with Hamas remain on a knife's edge. The Israeli 401st Brigade entered the Rafah crossing early Tuesday morning, the Israeli military said, taking "operational control" of the crucial crossing. Footage released by the Israeli military showed a tank entering the crossing. The Israeli military claimed it seized the crossing after receiving intelligence it was "being used for terrorist purposes." Wael Abu Omar, a spokesman for the Palestinian Crossings Authority, acknowledged Israeli forces had seized the crossing and had closed the facility for the time being.
Persons: brinkmanship, Wael Abu Omar, Israel that's Organizations: Palestinian, Hamas, Israeli 401st Brigade, Palestinian Crossings Authority, Egyptian Foreign Ministry Locations: Rafah, Gaza, Israel, Israeli, Egypt, Kerem, Wael, United States
You can now get an iPad for just $349
  + stars: | 2024-05-07 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +2 min
Apple revealed the 10th-generation iPad will now be available for $349. The lower-cost iPad supports Apple Pencil, Magic Keyboard, and offers 4K resolution. The iPad 10th generation is now available for $349 — that's about $100 less than what it came out as in 2022. Related storiesCook referred to the new offering as a "more affordable entry-level iPad with an all-screen design." The iPad 10th generation is $250 less than the iPad Air and $650 less than the iPad Pro.
Persons: Apple, , Tim Cook, Cook Organizations: Service, Apple, Pro, Air Locations: California
I've been a college professor for 20 years, and I'm seeing more Gen X and Baby Boomer students. I no longer lecture to the class and instead let the older students take the lead. An increasing number of college students aren't kids anymore; they're older — many of whom are my generational peers. It's changed the way students learn and the way I teach. I quickly realized they learn differentlyI've noticed that older learners engage in ways that are different from traditional college students.
Persons: I've, Baby Boomer, , there's, Gen Xers, It's, reboots, diversifies Organizations: Service, Boomers
The numbers behind a big fundOn Wall Street, one mystery has been whispered about for months: How accurate is the valuation of Blackstone’s flagship real estate fund? The speculation has arisen because the fund, the $59 billion Blackstone Real Estate Income Trust — more commonly known as BREIT — has managed to keep an “appraised” value of its assets that far exceeds virtually every other real estate fund. Many rivals have fallen in value, some quite dramatically, in the face of high interest rates and a flagging property market. BREIT’s performance has floated above its competition, and it has boasted a 10.5 percent annual return since its 2017 debut. (Those appraisals help to determine a firm’s management fees: The higher the appraisal value, the higher the fees.)
Persons: , Blackstone, DealBook’s Andrew Ross Sorkin, Michael de la Organizations: Blackstone Real Locations: Michael de la Merced
Opinion | A Thank-You Note to the Campus Protesters
  + stars: | 2024-05-07 | by ( Bret Stephens | ) www.nytimes.com   time to read: +1 min
Dear anti-Israel campus protesters:Though it may take a few years before you realize it, supporters of Israel like me have reasons to give thanks to militant anti-Zionists like you. Recently, a friend asked what I would have made of your protests if they had been less fervently one-sided. If, for instance, pro-Palestinian student groups at Harvard and Columbia hadn’t castigated Israel immediately following the worst massacre of Jews since the Holocaust. What if you had avoided demonizing anyone who supports Israel’s right to exist — which includes a vast majority of Jews — as modern-day Nazis? And I would have had to fight harder to make my case that Israel must get rid of Hamas.
Persons: Columbia hadn’t, Israel, hadn’t, demonizing, undecideds Organizations: Harvard, Columbia, West Bank Locations: Israel, Harvard, Columbia, Berkeley, Stanford, Gaza
He learned late Tuesday afternoon that Judge Aileen Cannon, whom he appointed, indefinitely postponed a trial in his classified documents case in Florida. She told the jury Tuesday about a $130,000 hush money payment she received from Cohen before the 2016 election. But prosecutors allege Trump falsified business records to hide it and to mislead voters in an early bout of election interference. The judge complained that the ex-president was “cursing audibly” during Daniels’ testimony and was shaking his head. “Am I correct that you hate President Trump?” Necheles asked.
Persons: CNN —, Stormy Daniels, Donald, , he’s, Trump, scowling, Daniels, Aileen Cannon, Ty Cobb, Cannon, ” Cobb, CNN’s Erin Burnett, Cannon’s, Trump’s, it’s, Michael Cohen, Cohen, He’s, , Donald Trump, Norm Eisen, CNN’s Wolf, Judge Juan Merchan, audibly ”, , Todd Blanche, Jeremy Herb, Merchan, Susan Necheles, Necheles, ” Necheles, ” Daniels, , Let’s, , Daniels —, Eric Trump, ” Trump Organizations: CNN, White, Trump, White House, Locations: Florida, Lake Tahoe
Germany has a more generous paid parental leave, which allows up to two years of leave. Related storiesIn terms of preventing burnout and optimizing productivity, taking vacation days has been proven to be helpful. As a result, nearly a third of American employees do not get paid vacation days at all, according to Forbes. For quality of life in the work commute, this does make a significant difference. Over a third of Germans don't sit in traffic on their work commute.
Persons: , I've, aren't Organizations: Service, Forbes Locations: Germany
New York's millionaire population is now larger than the entire populations of Orlando or Pittsburgh. The Bay Area's millionaire population has surged by 82% over the past decade, to 305,700. The U.S. is home to 11 of top 50 richest cities, according to the report. "Notably, U.S. cities have significantly outperformed other western cities over the past decade when its comes to overall wealth and millionaire growth." Here is the full ranking of the world's richest cities, according to Henley & Partners and New World Wealth:1.
Persons: Andrew Amoils, Amoils, Juerg Steffen, Robert Frank Organizations: Henley & Partners, Area, Federal Reserve, Research, New, London, Sydney Locations: York, California, Orlando, Pittsburgh . New York, Brazil, Italy, Canada, San Francisco, U.S, Tokyo, London, China, Beijing, Singapore, Los Angeles, New York, Area, France, Hong Kong
A highly popular group of weight loss and diabetes drugs is still hard to find in the U.S. The dominant manufacturers of those treatments, Eli Lilly and Novo Nordisk , are making progress toward changing that. Patients using current autoinjectors for weight loss and diabetes drugs go through four different pens per month. Eli Lilly expects supply for Zepbound, Mounjaro and other incretin drugs to remain "quite tight" in the near- to mid-term as demand remains high, Ashkenazi said. On the day Eli Lilly reported earnings, shares of the company jumped more than 5% on the raised guidance and supply updates.
Persons: Eli Lilly, Anat Ashkenazi, There's, Ashkenazi, David Ricks, , Lilly, Chris Schott Organizations: U.S, Novo Nordisk, Nexus Pharmaceuticals, JPMorgan Locations: North Carolina, Indiana, Ireland, Germany, Europe, U.S
Amgen is among the leaders of a pack of drugmakers racing to join the market with their own weight loss treatments. Amgen's drug, MariTide, is taken less frequently than Novo Nordisk's Wegovy and Eli Lilly's Zepbound, and may cause longer-lasting weight loss than the market leaders' injections. Novo Nordisk and Eli Lilly are also working on new weight loss drugs. The competition for a slice of the weight loss market has only grown more fierce in recent months. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.
Persons: NOVO.B, Scott Olson, Eli Lilly, Nordisk's Wegovy, Eli Lilly's Zepbound, Amgen, William Blair, Matt Phipps, Bob Bradley, Boehringer Ingelheim, Phipps, Zepbound, Chris Schott, MariTide, Mario Tama, he's, Eli Lilly drugs, CagriSema, Eli Lilly’s, Brendan McDermid, Boehringer, Ingelheim, survodutide, Pascal Soriot, Christopher Furlong, dealmaking, David Denton Organizations: New, Halstead Pharmacy, Getty, Novo Nordisk, Nordisk's, William Blair & Company, CNBC, Therapeutics, AstraZeneca, Zealand Pharma, MariTide, Reuters, GLP, Pfizer, Eccogene Locations: Chicago , Illinois, Novo, Amgen, Thousand Oaks , California, New York City, U.S, Zealand, Macclesfield
CNN —Has your doctor quizzed you about your level of physical activity? If so, you can thank Exercise is Medicine, a global health initiative managed by the American College of Sports Medicine. Created in 2007, the initiative encourages health care providers to assess patients’ physical activity during visits, plus include regular exercise when designing care plans. Health care providers can impact patient health by routinely assessing physical activity at every interaction. EIM now includes Exercise is Medicine on Campus, for example, a program that helps colleges and universities promote and assess physical activity among students, faculty and staff.
Persons: CNN —, Jacob Wackerhausen, Elizabeth Joy, EIM, Joy, it’s, ” Joy, , Amy Campbell, GVSU, Campbell, ” Campbell, There’s, you’ve, “ Rather, Gerren Liles, “ It’s, , Melanie Radzicki McManus Organizations: CNN’s, CNN, American College of Sports Medicine, American, of Lifestyle Medicine, Intermountain, Lore Health, Health, Grand Valley State University, EIM, CARE, Cancer, New Locations: Salt Lake City, Grand, Grand Rapids , Michigan, they’ll, EIM, New York, New York City, Liles
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