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“You just feel terrible,” said Vanessa Hlavacka, a counselor for multilingual students at La Follette High School. High school ramps up supportOnce the issues with this year’s FAFSA became apparent, La Follette High School ramped up support services for families of college-bound seniors. Some La Follette students from mixed-status families have had success since then submitting the FAFSA, but others are still having problems. Students at La Follette are behind the national trend, but they have had more success filing the FAFSA in recent weeks. It’s a glitch that several other La Follette students have experienced.
Persons: Robert M, , , Vanessa Hlavacka, Annie Hank Braga, La, Hank Braga, FAFSA, ” Hank Braga, it’s, Biden, ” Hlavacka Organizations: Washington CNN, La Follette High School, Federal Student Aid, , Follette, Racing, La Follette, Opportunity, Department of Education, of Education, Republican, Democratic, National College Locations: Madison , Wisconsin, La,
Donald Trump's hush-money trial is proving beneficial for professional line-sitting businesses. Limited courtroom spots and long wait times are driving the demand for their services. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump's hush-money trial at Manhattan's criminal court isn't being televised, and with limited spots inside the courtroom for the public and media, seats are given out on a first-come-first-served basis. Professional line sitters, who will wait in line so you don't have to, have been cashing in on the former president's trial.
Persons: Donald Trump's, , isn't, Trump, Stormy Daniels Organizations: Service, Business
Peloton isn't going under imminently, but let's be real here: No fitness fad lasts forever. While there was a lot that went wrong, the long and short of it is that Peloton failed to read the room on its pandemic popularity. "It's not that Peloton isn't a good business model; it's that it simply isn't a mass product but more of a niche, luxe one," she said. Investors have soured on the company, and Peloton's once $50 billion market cap has fallen to under $2 billion. It also has to contend with the gym, which has all sorts of classes and fitness equipment that let people mix things up, including, in many cases, Pelotons or other connected-fitness devices.
Persons: I've, Tae, monthslong, Rina Raphael, Simeon Siegel, It's, That's, Siegel, Paul Golding, it's, Golding, there's, Raphael, Natalia Mehlman Petrzela, Emily Stewart Organizations: Private, BMO Capital Markets, Macquarie Capital, Google, YouTube, New School, Facebook, Business Locations: COVID, unsubscribing, Barre, America
A bipartisan group of senators is pushing to halt the expansion of facial recognition technology at airports in the United States and restrict its use as part of the Federal Aviation Administration reauthorization bill that is making its way through Congress. Citing privacy concerns, Senators Jeff Merkley, Democrat of Oregon, and John Kennedy, Republican of Louisiana, are proposing to block the expansion of the technology until 2027 and require the transportation security administrator to make clear that passengers can opt out at airports where it is in use. With a Friday deadline for renewing the aviation law, the proposal is among the amendments likely to get a vote before the bill can pass. The Federal Aviation Administration is planning to expand facial recognition technology to more than 430 airports, from 25, as part of an effort to speed up the check-in process. Using kiosks with iPads affixed to them, passengers have their photographs taken and matched to an image from a government database instead of presenting a physical identification card.
Persons: Jeff Merkley, John Kennedy Organizations: Federal Aviation Administration, Republican Locations: United States, Oregon, Louisiana
The difficult road ahead for Club holding Starbucks took a dramatic, unexpected turn this weekend — one that Jim Cramer said he's not seen before in his four decades on Wall Street. "I think he's coming from the point of view just sadness about where the franchise is," Jim said. Narasimhan said Starbucks is working on a plan to speed up customer service and improve its supply chain. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Former Starbucks CEO Howard Schultz testifies about the company's labor and union practices during a Senate Committee on Health, Education, Labor and Pensions hearing on Capitol Hill in Washington, DC, March 29, 2023.
Persons: Jim Cramer, he's, Howard Schultz, Schultz, I've, Jim, Laxman Narasimhan, Kevin Johnson, SBUX, Narasimhan, Howard, Jim Cramer's, Saul Loeb Organizations: Club, Starbucks, CNBC, LinkedIn, Health, Education, Labor, Capitol, AFP, Getty Locations: U.S, North America, China, Washington , DC
While it was a delicious deal for customers, it was terrible for the company: Red Lobster lost $3.3 million in seven weeks. The deal was once again too popular, and Red Lobster was unprepared for its customers’ insatiable lust for discounted shellfish. Red Lobster is now reportedly considering filing for bankruptcy protection to restructure its debt and shed some of its 650 US locations. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden. In 2021 and 2022, Red Lobster brought on a new CEO, chief marketing officer, chief financial officer and chief information officer.
Persons: Lobster, , , John Gordon, Michael Nagle, Alex Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Glen Martin, Mills, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Justin Sullivan, they’ve, Les Foreman, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Lobster, Thai Union, Bloomberg, Getty, Red Lobster, CNN, Cornell University, Baby Boomers, General, Howard, Restaurant Business, Darden, Denver Post, Harvard Business School, Longhorn, Darden Restaurants, Gate, , Thai, , ” Thai Locations: New York, United States, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Sale, Thai Union, Thailand
Jim Cramer on Wednesday blasted Starbucks CEO Laxman Narasimhan in a CNBC interview after the coffee giant delivered a terrible quarter and a guidance miss. The message from Narasimhan to Jim on TV: the quarter was bad due to China's choppiness and bad weather in the U.S. Jim questioned Narasimhan at every turn and strongly asked why Starbucks was still moving forward with expansion plans. Shortly after the CNBC interview, Cramer reflected on meetings he had with Narasimhan several times when he first took over as CEO from Howard Schultz. Jim's Charitable Trust, the portfolio used for the CNBC Investing Club , owns shares of Starbucks.
Persons: Jim Cramer, Laxman Narasimhan, Jim, Narasimhan, it's, China's, Tim Horton's, McDonald's, Dunkin, Cramer, Howard Schultz, that's, Jeff Marks Organizations: CNBC, Starbucks, U.S, Wednesday's, Trust, Club Locations: America, Japan, U.S
The company said a mid-teens percent of mobile customers abandon their carts due to long wait times. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Related storiesNarasimhan said on the company's earnings call that nearly two-thirds of Starbucks' morning business in the US is from rewards members using the mobile app, which has yielded a remarkable insight. "In other words, customers using Mobile Order-Pay put items into their carts and sometimes chose not to complete the order, citing long wait times and product unavailability." That works out to more than one in eight mobile order customers opting not to buy a menu item they were otherwise interested in — a hefty chunk of cash left on the table for Starbucks.
Persons: , Laxman Narasimhan, Narasimhan Organizations: Starbucks, Service, Mobile Locations: Seattle
Read previewFisker employees have been taking parts off pre-production vehicles and existing inventory to fix some customers' cars, according to several people familiar with the issue. Business Insider also viewed several photos of Fisker Oceans with missing parts that sources say were used for customer vehicles. A spokesperson for Fisker told Business Insider the information was false. Related stories"Every day was a fire drill of what car has this part that I need," a former employee told BI. Business Insider viewed an email exchange between a Fisker employee and Burrell that showed the employee offered to fix Burrell's car using a part off another Fisker car.
Persons: , Patrick Burrell, Burrell, Michael Crossen, It's, Crossen, Daniel Blinn, Fisker Organizations: Service, Business, Fisker, Technicians, La, Consumer, Consumer Law, BI Locations: La Palma , California, Palma, La Palma, California, Connecticut
New York CNN —Starbucks is brewing a turnaround plan that involves speedier service and expanding the number of promotions after its most recent quarter was “disappointing,” in the words of its own chief executive. “Let me be clear from the beginning, our performance this quarter was disappointing,” said CEO Laxman Narasimhan on the earnings call. Same-store sales in the United States fell 3%, a sharp reversal from the same quarter a year ago, when they grew 12%. In China, the chain’s second-largest market, sales fell a staggering 11%, with the company blaming competition from “value players” in the country. Starbucks is now forecasting revenue to grow in the low single digits, a steep decline from its previous forecast of 7% to 10%.
Persons: , Laxman Narasimhan, ” Narasimhan, “ Headwinds, Narasimhan Organizations: New, New York CNN, Starbucks, East, Alshaya Locations: New York, United States, China, Gaza
In Starbucks' international segment, comparable store sales fell 6% and missed estimates of 0.5% growth. The street was looking for flat comparable sales in China, according to FactSet. China comparable sales are expected to decline by a single-digit percentage versus expectations of low single-digit growth in the second quarter through the fourth quarter. Global net new store growth was tweaked down from 6% to 7%. That's due to slower China store openings, which was revised to 12% growth from 13%.
Persons: Laxman Narasimhan, Dunkin, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Revenue, Starbucks, Bros, McDonalds, Wall Street, Global, CNBC, Getty Locations: China, United States, North America, Latin America, Asia, Japan, Manhattan , New York City
People queue at a flight connection desk after a rainstorm hit Dubai, causing delays at the Dubai International Airport, United Arab Emirates, April 17, 2024. Rula Rouhana | ReutersThe CEO of Emirates airline issued an apology letter to customers over the weekend after historic rains in the United Arab Emirates caused record flooding and mayhem at Dubai's airport. Hundreds of flights were grounded and thousands of customers were stranded as a result. A woman and her daughters eat as they wait for their flight after a rainstorm hit Dubai, causing delays at Dubai International Airport, United Arab Emirates, April 17, 2024. Another traveler told CNBC via social media: "It took me 48 hours to get from London to Baghdad via Dubai.
Persons: Rula Rouhana, Tim Clark, Clark, Giuseppe Cacace Organizations: Dubai International Airport, United, United Arab Emirates, Emirates, Dubai Airport, Reuters, CNBC, Dubai ., Afp, Getty Locations: Dubai, United Arab, Emirates, London, Baghdad, gridlocked
For Uber and Lyft drivers, time is money, so widely accessible charging is key to the EV switch. A study by the US Department of Energy found that 1,000 fast chargers were needed for every 20,000 EV drivers on the road. A mad dash for EV licensesThe transition is getting an early test this year now that thousands more ride-hailing drivers have licenses. AdvertisementIn October, the Taxi & Limousine Commission opened applications for this gig work for the first time in five years — but for EV drivers only. In exchange, Uber drivers will get up to a 25% discount when they charge.
Persons: Manhattan, Tesla, Eric Adams, Bobby Familiar, Revel, Michael Replogle, David Do, Aeraj Qazi, Qazi, Guillermo Fondeur, Uber, he's, Fondeur, Adams, EVs, Con Edison, Flo, Replogle, it's, Josh Gold, Uber's, that's, Do, we've, Juliana Kaplan Organizations: EV, US Department of Energy, Business, NYC's Department of Transportation, Chargers, Taxi, Limousine Commission, TLC, New York Taxi Workers Alliance, Rentals, Department of Transportation, DOT, LaGuardia Airport, Tesla, Gravity, Green, Initiative Locations: New York City, Queens, NYC, Canadian, Canada, EVs, Manhattan, America
I travel between Canada and the US often, and I recently took a route that used a car ferry. With two passengers and a car, the trip cost about $150, and it took about five and a half hours. I don't necessarily think having your car adds to the trip, so I'd take a passenger boat next time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRecently, a friend and I took the car ferry from Victoria to Vancouver in order to get to Seattle.
Persons: Organizations: Service Locations: Canada, Victoria, British Columbia, Washington, Seattle, Vancouver
Small businesses are seeing labor growth this year, but hospitals still have staffing shortages. Healthcare worker numbers are steadily growing but remain below pre-pandemic trends, according to a Bank of America report published in April. Outpatient care centers are 9.4% behind on growth, while the hospital labor force has seen small gains at 0.3%. In fact, healthcare workers made up a significant portion of the people leaving their jobs during the Great Resignation. Patients will still see labor shortages in ERs and care facilitiesDespite labor gains, patients could still experience the impacts of the physician shortage.
Persons: , Per, KFF Organizations: Service, Bank of America, The Bank of America Institute, of Labor Statistics, Centers, Medicare, Services, Kaiser Family Foundation, American Hospital Association, of America, Peterson Center, Healthcare, of Health, Bank of
CNN —The top two senators on the Senate Committee on Veterans’ Affairs called the Biden administration’s plan to reduce veterans’ health care staffing a “mess” that could undercut the timing and quality of care. Their letter, obtained by CNN, called VA’s apparent “zero growth” policy a “drastic” and “shortsighted” decision. Though the VA told the committee that critical staff and some others would be exempt, Tester and Moran wrote that has not been the case. The VA has long been plagued by delays in health care. A decade ago, the Obama administration’s then-VA secretary, Eric Shinseki, resigned following revelations of sometimes deadly delays for veterans waiting for care at VA facilities.
Persons: Biden, Veterans Affairs Denis McDonough, Sen, Jon Tester, Jerry Moran, Moran, , , Shereef Elnahal, Dr, Jason Crow, Helen H, Richardson, ” Elnahal, , Terrence Hayes, ” Hayes, McDonough, Joe Biden, Obama administration’s, Eric Shinseki Organizations: CNN, Veterans ’ Affairs, Veterans Affairs, Montana Democrat, Kansas Republican, VA, Health, U.S . Department of Veterans Affairs, Wheeling, Denver Post, PACT Locations: Montana, Kansas, , VA, Wheeling St, Aurora , Colorado
CNN —After a disastrous year marked by high costs, accusations of environmental harm and project cancellations in 2023, there’s a sense the US offshore wind industry is on a rebound. But offshore wind is increasingly Trump-proof, according to a top White House climate official, wind CEOs and an industry analyst. “This year will be a significant year for offshore wind development,” BOEM director Elizabeth Klein told CNN in a statement. The US supply chain for offshore wind is still being built; therefore, projects are turning to European manufacturers to get blades, gearboxes, and other components. Now, he said, Northeast governors “just want to make sure their states have energy.”New York has been aggressively pursuing offshore wind projects, rebidding previously canceled projects and accepting those projects at higher prices.
Persons: , Sam Huntington, , aren’t, Donald Trump –, Trump, Ali Zaidi, that’s, ” Zaidi, we’ve, Zaidi, “ We’re, ” Huntington, Elizabeth Klein, Matthew J, Lee, There’s, Clint Plummer, ” Plummer, Pedro Azagra Blázquez, ” Blázquez, rebidding, Plummer, they’re Organizations: CNN, P, White House, White, Biden, US Bureau of Ocean Energy Management, Vineyard, New, Boston Globe, Power Locations: Wisconsin, Trump, Europe, Gulf of Maine, Oregon, New Bedford, Massachusetts, Huntington, New York, Danish, Asia, Friendly, New England, York
Dazert said he expects new superyacht sales to "go down a little bit further this year" given the continued costs and delays. Sales of new superyachts (yachts over 100 feet long) fell 17% last year, according to the new SuperYacht Times' State of Yachting report. Superyachts sales took a dive in 2023, as long waiting lists, soaring costs and oligarch sanctions hit demand, according to a new report. Americans are picking up some of the slack, accounting for nearly a quarter of all superyacht sales last year. There are now nearly 6,000 superyachts, triple the number in 2002, according to SuperYacht Times.
Persons: Dazert, Ralph Dazert, Robert Frank Organizations: SuperYacht Times, Times, of Yachting Locations: Times ', Russia, Ukraine, Eastern, Saudi
Instacart, DoorDash, and other apps seem to be trying to roll back Seattle's new gig worker pay law. They say Seattle gig workers are making less and delivering fewer orders after many raised prices. But in the preamble to the survey, Instacart indicated it already had thoughts about how things were going. One poster, who included screenshots of the message, encouraged other Instacart shoppers to turn the pre-written letter to the city council around. Uber Eats and Grubhub have also put out statements saying that things have gotten worse for their gig workers since Seattle's law took effect.
Persons: , Instacart, they've, That's, PayUp, DoorDash, Dashers, Anna Powell, GeekWire, Powell Organizations: Service, Seattle City Council, Business, Instacart, BI, Walmart Locations: Seattle, Seattle's, DoorDash
The updates address who can use Disability Access Services, among other changes. Disability services have become the most requested service at the Florida and California parks, according to The Washington Post. MediaNews Group/Orange County Register via Getty ImagesChanges to the company's Disability Access Service arrived on the official Walt Disney World and Disneyland websites this week. Joseph Prezioso/Anadolu Agency/Getty ImagesThe new policies will begin at Walt Disney World on May 20 and June 18 at Disneyland. Representatives for Walt Disney World and Disneyland did not immediately respond to a request for comment from Business Insider.
Persons: , Disney, Joseph Prezioso, Dennis Speigel, Speigel, Stacey Crane Organizations: Disney, Service, Business, The Washington Post, MediaNews, Orange, Getty, Walt Disney, Fox Business, Anadolu Agency, Walt Disney World, Disneyland . Representatives, Park Services, NBC, WESH, Washington Post Locations: Florida, California, Orlando
Read previewLawmakers have highly scrutinized the return to repayment for millions of student-loan borrowers in the fall. Elizabeth Warren, Richard Blumenthal, Ed Markey, and Chris Van Hollen released a report on student-loan servicer errors amid the return to repayment. Exclusively viewed by Business Insider, the report said servicers made over 3.9 million "billing-related errors" once repayment resumed. Still, the Democratic lawmakers said in their report that more could be done to help borrowers harmed by servicing errors. "To remedy servicers' historic failures and protect borrowers from future harms, there must be a path for debt relief for borrowers harmed by their servicers," they wrote in the report.
Persons: , Democratic Sens, Elizabeth Warren, Richard Blumenthal, Ed Markey, Chris Van Hollen, servicers, Nelnet, Aidvantage, MOHELA, Warren Organizations: Service, Democrats, Democratic, Business, Education Department, ED, Warren, BI, Public
CNN —Ukrainian President Volodymyr Zelensky said he would listen to former US President Donald Trump’s ideas to end the war in Ukraine with “pleasure” but trod carefully around the issue during an interview at the Delphi Economic Forum in Greece. I haven’t heard that directly from Trump,” Zelensky told CNN’s Senior Correspondent Fred Pleitgen via video link from Ukraine. Ukrainian President Zelensky is pictured speaking from Ukraine during an interview with CNN’s Fred Pleitgen, who is at the Delphi Economic Forum in Greece. Ukraine's President Volodymyr Zelensky inspects new fortifications for Ukrainian servicemen near the Russian border in the Kharkiv region on Tuesday. Ukrainian Presidential Press Service/Handout/Reuters“I’d like to underscore that no Western weapons were used to attack in such a way.
Persons: Volodymyr Zelensky, Donald Trump’s, ” Zelensky, CNN’s, Fred Pleitgen, , Zelensky, Trump, Ukraine “, , The Trump, “ There’s, he’s, CNN’s Fred Pleitgen, Pleitgen, Vladimir Putin’s, Putin’s, Reuters “, Oleksandr Prokudin, Ukrenergo Organizations: CNN, Delphi, Republican, German, Wednesday, Trump, Russia, West, Presidential Press Service, Reuters, Ukraine’s Defense Forces of Locations: Ukraine, Greece, Ukrainian, Russia, Trump, Delphi, Zelensky, , Kharkiv, Western, Russian, Odesa, Mykolayiv, Kherson, Mykolaiv
Just as the auto industry was grappling with BYD 's rapid rise, Chinese smartphone company Xiaomi has burst into the market — undercutting Tesla and vowing to become a global player. Meanwhile, Tesla last week revealed that its deliveries fell in the first quarter from a year ago . While he still likes Tesla longer-term , he and his team will hold a client webinar on Xiaomi, Tesla and global EVs on Tuesday. Xiaomi shares nearly reached that price during last week's surge. Meanwhile, Tesla shares are down 34% year to date.
Persons: BYD, Tesla, Lei Jun, Xiaomi, Morgan Stanley, Adam Jonas, Jonas, Morgan, Andy Meng, Meng, Taylor Ogan, Lei, Ogan, BEV, Nick Lai, Gokul Hariharan, Janet Yellen, overcapacity Organizations: Apple, Hong, Snow Bull, EV, JPMorgan, Treasury Locations: Hong Kong, China, Shenzhen, U.S
Navigating an abortion care desertFlynn says A Woman’s Choice will not close the doors to its Jacksonville clinic. Flynn said their clinics, particularly in North Carolina, are seeing patients who cannot access abortion care in states like Texas, Louisiana and Tennessee. “The stark reality is that the fabric of abortion care in our nation cannot absorb 84,000 patients.”“The entire South now, in a month, will be a desert for abortion care,” she added. In the meantime, Florida abortion providers are working to see as many patients as possible before the six-week ban goes into effect. Patients in dangerWith extreme restrictions on abortion care, providers are concerned that patients will take matters into their own hands.
Persons: Kelly Flynn, , Flynn, she’s, ” Flynn, what’s, , ’ ” Flynn, That’s, Alexandra Mandado, Mandado, we’ve, ” Mandado, “ I’ve, ’ ”, “ We’re, they’re, Cherise Felix, Felix, ” Felix, Jamie R, Grosshans, Caroline Mala Corbin, “ It’s Organizations: CNN, , Guttmacher Institute, Florida Supreme, ” University of Miami Locations: North Carolina, Virginia, Florida, Jacksonville, Texas , Louisiana, Tennessee, East, North Florida
CNBC Daily Open: Fights in Mickey's club house
  + stars: | 2024-04-02 | by ( Clement Tan | In Clemtan | ) www.cnbc.com   time to read: +2 min
Actors dressed as Walt Disney characters Mickey Mouse (left) and Minnie Mouse (right) perform during a press preview for the "Minnie Besties Bash!" This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. stocks got off to a tentative start for the second quarter as Treasury yields rose on Monday. [PRO] Top 2Q betsBank of America names its top picks for the second quarter, including one Big Tech company.
Persons: Walt Disney, Mickey Mouse, Minnie Mouse, Minnie Besties, Korea's, Jerome Powell's Organizations: Tokyo Disneyland, CNBC, Asia Hong, Japan's Nikkei, CSI, U.S, Rapidus Corporation, of America, Big Tech Locations: Tokyo, Urayasu, Japan, Asia Hong Kong, Asia, Pacific, U.S, Beijing, China, Korea, Taiwan, Hokkaido
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