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☆ Americans are shopping less but they’re still spending on flights, hotels and Disneyland
▼ + stars: | 2024-05-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Consumers may be fed up with high prices at the store, but they’re still willing to splurge on travel. Other key players in the travel industry have reported a similar trend this earnings season. Americans, especially lower-income consumers, have pulled back spending at retailers as goods inflation outpaces wage growth. They’ve even become frugal with some experience-based spending like dining out, opting instead to eat at home. “We saw a healthy but more normalized market environment for travel globally,” CEO Peter Kern told analysts on May 2.

Persons: they’re, ”, Hugh Johnston, it’s, Ed Bastian, Kathleen Oberg, “, Peter Kern, ” FTX, FTX, Sam Bankman, Fried, Olesya Dmitracova, Read, Tesla, Anna Cooban, André, Elon Musk’s Organizations: CNN Business, Bell, New York CNN, Delta Air, ” United Airlines, Marriott International, Marriott, Disney, Expedia Group, Alameda Research, CNN, RTL Locations: New York, Hong Kong, California, Florida, Alameda, Berlin, Germany, Europe

☆ Take a look at the workhorse C-130 cargo plane that the US Air Force is reinventing to fight like a bomber
▼ + stars: | 2024-04-11 | by ( Elias Chavez | ) www.businessinsider.com time to read: +1 min

The first of its kindThe first C-130 Transport flying back from its early flight paces over California's Mojave Desert. Bettmann/Getty ImagesThe C-130 Hercules was created to address deficiencies in the US Air Force fleet during the Korean War. At the time, no plane could simultaneously achieve all the objectives the Air Force needed. To this day, Lockheed still makes C-130 models and their upgraded versions. The US Air Force has not stopped production of the C-130 class plane since it was invented in the 1950s, making it the longest continuous aircraft production run in history.

Persons: Hercules, Fairchild, Lockheed Martin, Jeff Rhodes, Rhodes Organizations: US Air Force, Air Force, Boeing, Douglas, Lockheed, Popular Mechanics, YC, Edwards Air Force Base Locations: Burbank , California, Kern County , California

☆ Trump loses bid to delay hush money trial while he fights gag order
▼ + stars: | 2024-04-09 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A New York appeals judge on Tuesday knocked down yet another long-shot bid by Donald Trump to delay his criminal hush money trial, this time by seeking a pause while he challenges his court-imposed gag order. The swift rejection marked Trump's second failed attempt in less than 24 hours to postpone the Manhattan Supreme Court trial, which is set to begin jury selection in six days. The gag order bars Trump from speaking about likely witnesses in the case, and from making certain statements about other related figures including lawyers, court staff and their respective family members. Presiding Judge Juan Merchan last week expanded the gag order to stop Trump from targeting the family members of the judge and the D.A. Those witnesses are publicly attacking Trump and he is unable to respond, Bove told the judge, according to NBC.

Persons: Donald Trump, Cynthia Kern's, Attorney Alvin Bragg, Juan Merchan, Emil Bove, Trump, Stormy Daniels, Michael Cohen, Trump's, Bove, Matthew Colangelo, Bragg, Steven Wu, Kern, Wu Organizations: Manhattan Supreme, Trump, Manhattan, Attorney, NBC News, NBC, Department of Justice Locations: York, Manhattan

☆ Trump’s Attempt to Delay Trial Is Denied by Appeals Court Judge
▼ + stars: | 2024-04-09 | by ( Jonah E. Bromwich | Ben Protess | ) www.nytimes.com time to read: +1 min

A New York appeals court judge on Tuesday rejected Donald J. Trump’s latest attempt to delay his criminal case in Manhattan, another blow to the former president’s increasingly desperate attempts to prevent the trial from starting next week. The appeals court judge, Cynthia S. Kern, denied Mr. Trump’s bid to pause the case while he pursues legal action against the judge presiding over the trial. Mr. Trump brought the action against the trial judge, Juan M. Merchan, in hopes that the appeals court would both delay the criminal case and throw out a gag order that Justice Merchan imposed on him. The order prevents Mr. Trump from attacking witnesses, prosecutors and the judge’s family — as he so often does. Mr. Trump’s invective “causes predictable terrifying consequences,” said Steven Wu, a lawyer for the district attorney’s office, adding that there was “no basis” to delay the trial while the court scrutinizes the gag order.

Persons: Donald J, Trump’s, Cynthia S, Kern, Trump, Juan M, Merchan, ”, Steven Wu Organizations: Mr Locations: York, Manhattan

CNN —An appeals court judge has denied former President Donald Trump’s request to delay the start of his New York hush money trial so he can challenge the gag order imposed by Judge Juan Merchan. New York Associate Justice Cynthia Kern denied the application for an interim stay just minutes after hearing arguments on the matter Tuesday. A full appeals court panel will still consider Trump’s petition, though it will not delay the start of the trial. This story is breaking and will be updated.

Persons: Donald Trump’s, Judge Juan Merchan, Cynthia Kern Organizations: CNN, Judge Juan Merchan . New York Locations: York, Judge Juan Merchan .

☆ Oil prices turn higher as Middle East ceasefire hopes wane
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +2 min

Active pump jacks increase pressure to draw oil toward the surface at the South Belridge Oil Field on Feb. 26, 2022, in unincorporated Kern County, California. Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East. Brent crude futures rose 40 cents to $90.78 a barrel by 0032 GMT. U.S. West Texas Intermediate (WTI) crude rose 35 cents to $86.78. The market is continuing to weigh the risk of a disruption to oil supply.

Persons: Brent, Benjamin Netanyahu, Tony Sycamore, Pemex Organizations: Brent, . West Texas, IG, ANZ Locations: Kern County , California, Israel, Gaza, Cairo, Rafah, Syria, Tehran, Damascus, U.S, China, Americas, Europe

☆ Trump loses tenth attempt to delay hush money trial, this time over his gag order
▼ + stars: | 2024-04-09 | by ( Laura Italiano | ) www.businessinsider.com time to read: +2 min

Trump hoped to delay his first criminal trial by arguing that he needs time to fight his gag order. Trump is continuing to appeal his gag, which bars statements about witnesses, jurors, and others. AdvertisementDonald Trump lost his tenth attempt to delay his hush money trial on Monday — this time over his gag order. Trump had hoped to delay his first criminal trial long enough to mount a full appeal of the gag. Related storiesKern's written decision did not give a reason for the denial, which allows Trump's gag appeal — but also his April 15 trial — to proceed.

Persons: Trump, —, Donald Trump, Cynthia Kern, Attorney Alvin Bragg, Juan Merchan, Stormy Daniels, Daniels Organizations: Service, GOP, Attorney, Manhattan Locations: Manhattan

☆ The rally in oil cannot be ignored — here's what it means for stock market investors
▼ + stars: | 2024-04-04 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

U.S. oil prices have climbed to their highest level since late October, as the rally in the key commodity becomes something equity investors cannot afford to look past. In other words, the latest ISM Manufacturing report serves to support the view that the U.S. economy is doing much better than many believed it would just a few months ago. Oil trading at its highest levels since late October has implications for stock market investors. The Fed's preferred measure of inflation may be the core personal consumption expenditures price index, which removes the impact of food and energy prices, but consumers still pay for energy. The rise in energy prices — particularly at the gas pump — can result in a decrease of discretionary dollars left for other purchases.

Persons: Brent, —, Jim Cramer, Jim Cramer's, Jim, Frederic J, Brown Organizations: West Texas, Coterra Energy, Energy, Organization of Petroleum, PMI, Manufacturing, Reuters, Federal Reserve, Fed, Bank of, CNBC, Afp, Getty Locations: U.S, Russia, OPEC, China, Ukraine, Ukrainian, Russian, Iranian, Syria, Iran, Taft, Kern County , California

☆ These US restaurants and chefs are 2024 James Beard Award finalists
▼ + stars: | 2024-04-03 | by ( Marnie Hunter | ) edition.cnn.com time to read: +9 min

CNN —A New Orleans restaurant featuring a modern Senegalese tasting menu and an Ethiopia-born chef who studied psychology before turning to a culinary career are among the restaurants and chefs named as finalists for the coveted James Beard Awards. The finalists for the Restaurant and Chef Awards were announced Wednesday in Washington, DC. In the Emerging Chef category, Fariyal Abdullahi, executive chef at Hav & Mar in New York, is among the five finalists. Masako Morishita moved to Washington, DC to be a cheerleader for the Washington Commanders. Fariyal Abdullahi, executive chef at Hav & Mar in New York, is among the five finalists in the Emerging Chef category.

Persons: James Beard, Fariyal Abdullahi, Abdullahi, Chef Marcus Samuelsson’s, Masako Morishita, Andy Thomas Lee, Chef Serigne Mbaye’s, Sarah Minnick, Dean Neff, foodie, James Beard’s, “, ” Beard, Mamba, Nadia Nijimbere, Yenvy Pham, Phở, Chris Viaud, Hollis Wells Silverman, Erika Whitaker, Kelly Whitaker, Michael Rafidi, Renee Touponce, David Uygur, Dallas , TX, Scott Suchman, Justin Hamel, Janet Becerra, Ryan Fernandez, Baker, Susan Bae, Jesus Brazon, Manuel Brazon, Atsuko Fujimoto, Crystal Kass, Valentine, Anna Posey, Gemma, Lula Drake Wine, Morris, Vin, Geoff Davis, Rogelio Garcia, Auro, Maynard Llera, Kuya, Tara Monsod, Billy ” Ngo, Vinnie Cimino, Cordelia, OHJose Salazar, Sarkar, Hajime Sato, Sozai, Jenner, Tony Conte, Jesse Ito, Matt Kern, Harley Peet, Kevin Tien, Ann Ahmed, Rob Connoley, Dan Jacobs, Dan Van Rite, Christina Nguyen, Hai, Tim Nicholson, Brandon Cunningham, Ali Sabbah, Matt Vawter, Penelope Wong, Yuan Wonton, Nick Zocco, Atsushi Kono, Chris Mauricio, Charlie Mitchell, Clover, Jeremy Salamon, Conor Dennehy, Talulla, Maria Meza, David Standridge, Jake Stevens, Cara Tobin, Honey, Avery Adams, Matia, Kristi Brown, Josh Dorcak, Gregory Gourdet, Melissa Miranda, Jamie Davis, The, Rod Lassiter, Parnass Savang, James London, Chubby Fish, Robbie Robinson, Paul Smith, Valerie Chang, Hunter Evans, Jackson, Gabriel Hernandez, Carlos Portela, Rene Andrade, Jeff Chanchaleune, Ma Der, Steve, Steve Riley, Eduardo Rodriguez, Zacatlán, Emmanuel Chavez, Christopher Cullum, Cullum’s Attaboy, Tracy Malechek, Ezekiel, Birdie’s, Misti Norris, Petra, Ana Liz Pulido, Ana Liz Taqueria Organizations: CNN, Lyric Opera, Hav, Culinary Institute of America, Noma, Mar, Washington Commanders, Dakar NOLA, Texas :, James Beard Foundation, The New York Times, D.C, Albi Restaurant, Washington Post, New York Times, Nikko, SC, Comfort, Dakar, Caracas Bakery, Lula, Woodford Food & Beverage, Beverages, Social Haus, UT, New, Pacific, PR Locations: New Orleans, Ethiopia, Washington ,, Chicago, New York, Copenhagen, Washington, Perry’s, Portland , Oregon, Wilmington , North Carolina, Texas, Texas : West Texas, Marfa, Mixtli, San Antonio, Detroit , MI, Seattle, WA, Greenleaf, Ansanm, Milford, Wolfeboro, NH, The Wells, Boulder, Portland, Wilmington , NC, Albi , Washington, The, Lucia, Dallas ,, Albi, Washington , DC, Santa Fe, Marfa , TX, San Antonio , TX, Springs, , New York, NY, Pancita, Kultura, Charleston, Southern Junction, Buffalo , NY, Waitsburg, Lockhart , TX, Carmel, CA, Dorchester, MA, Dakar NOLA , New Orleans, LA, Hayward, McMinnville, Orlando, FL, Nashville, TN, Nixta , Minneapolis, MN, Shan, Bozeman, Albuquerque, NM, Long Beach , CA, Hudson, Bakery, Caracas, Doral, Miami, Phoenix, AZ, Elske, IL, Son, Raleigh , NC, Dallas , TX, Columbia, San Francisco , CA, Anaheim , Anaheim , CA, , Washington, Buffalo, Montpelier, VT, Baltimore, , New Orleans, Brownsville , TX, San Francisco ,, California, Burdell, Oakland, Calistoga, Los Angeles , CA, San Diego , CA, Kru, Sacramento, Lakes, MI, Cleveland, Mita’s, Cincinnati, Indienne, Clawson , MI, Esmé, NJ, PA, Philadelphia, Fenwick, Bas Rouge, Easton, KS, MO, Khâluna, Minneapolis, St, Louis, EsterEv, Milwaukee , WI, Hai Hai , Minneapolis, Omaha, UT, Greenough, MT, Salt Lake City, Rootstalk, Breckenridge, Denver, Urban, Sofreh, Brooklyn, Kono , New York, Harana, Accord, Clover Hill, RI, Cambridge, Dolores, Providence , RI, Leeward, Burlington, Island, MÄS, Ashland, kann, Musang, KY, NC, The Hackney, Washington , NC, Talat, Atlanta, West Columbia, Maty’s, Elvie’s, Verde Mesa, San Juan, Saffron , New Orleans, Bacanora, Oklahoma City, Henderson, NV, Mesa, Tatemó, Houston , TX, Austin , TX, Mission

Republicans are expected to hold the seat easily, and the party’s fragile majority in the chamber is not at stake. The district, which cuts through the Central Valley farm belt including parts of Bakersfield and Fresno, is the most strongly Republican seat in heavily Democratic California. Fong and Boudreaux have advanced to the November election in that contest. The special election only covers the time remaining in McCarthy’s term, running through early next year. But there is an insider-outsider aspect to the race: Fong is McCarthy's handpicked choice and a product of his political operation, while the sheriff is not.

Persons: Donald Trump, Kevin McCarthy, Vince Fong, McCarthy, Mike Boudreaux, Joe Biden, —, Fong, Marisa Wood, Boudreaux, Boudreaux's, ” Fong, Ryan Gardiner, Trump, ”, Ric Grenell, Sen, Shannon, McCarthy's Organizations: ANGELES, GOP, Republicans, Republican, Trump Locations: California, Tulare County, Bakersfield, Fresno, Democratic California, Shannon Grove, Kern County, Tulare, Kings, Fresno County

☆ Energy, materials lead the way — plus, what we want to hear from DuPont and Estee Lauder
▼ + stars: | 2024-03-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Leading the way were the energy and materials sectors while the technology and health-care groups lagged. Cyclical sectors like energy and materials have been strong performers over the past month or so, amid a broadening market rally . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we've, it's, –, Estee lauder, Estee Lauder, We'll, Jim Cramer's, Jim, pumpjack Organizations: CNBC, Texas, Coterra Energy, Tech, Nvidia, Club, GE Healthcare, Electric, Estee, DuPont, Senate, Dollar, DICK's Sporting Goods, Commerce, Jim Cramer's Charitable, Citizens, UCG, Getty Locations: Freeport, McMoRan, DuPont, China, U.S, Bakersfield, Kern County , California, USA

☆ Oil prices up on strong U.S. demand, Fed signals in focus
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose on Wednesday on expectations of strong global demand, including in the world's top consumer the United States, and as even somewhat sticky U.S. inflation did not dent expectations the Fed might start cutting rates soon. The Organization of the Petroleum Exporting Countries, or OPEC, stuck to its forecast of a strong oil demand growth globally of 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025 and raised its economic growth forecast for this year. In another indication of healthy demand, U.S. crude oil inventories and fuel inventories fell last week, according to market sources citing American Petroleum Institute figures. Lower rates support oil demand. Oil prices were under pressure in the previous session after the U.S. Energy Information Administration raised domestic oil output forecast but declines were limited on expectations that OPEC+ output cuts will still slow global oil growth and on the recent wave of drone attacks on Russia, including refineries.

Persons: Brent Organizations: West Texas, of, Petroleum, American Petroleum Institute, Reserve, U.S . Energy, Administration Locations: Taft, Kern County , California, United States, Russia

☆ Oil rises slightly ahead of demand estimates
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: +1 min

Working oil pumpjacks on the outskirts of Maricopa in Kern County, California, on Sept. 21, 2023. Oil prices rose in early Asian trading, but price moves were limited as the market waited for monthly reports from oil agencies. "Crude oil traded in a tight range as traders await demand estimates from the monthly reports by three key oil agencies," analysts from ANZ said in a note. "While we believe the estimates will be largely unchanged, any upside surprise will ease demand concerns," ANZ said, referring to the Organization of Petroleum Exporting Countries, the International Energy Agency, and the Energy Information Administration. Prices had been mostly unchanged on Monday as oil supply concerns tied to ongoing fighting in the Middle East eased.

Persons: Brent, Israel Organizations: ANZ, Organization of Petroleum, International Energy Agency, Energy Information Administration Locations: Maricopa, Kern County , California, U.S, Gaza

☆ Oil extends last week's losses ahead of key inflation, crude data
▼ + stars: | 2024-03-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Working oil pumpjacks on the outskirts of Maricopa in Kern County, California, on September 21, 2023. Oil prices ticked lower on Monday, extending losses from last week as traders wait for a new round of inflation data. Most investors are expecting the Fed to cut rates in June. Lower rates typically stimulate economic growth, which fuels crude demand. OPEC and the IEA will also release their monthly oil market reports on Tuesday and Thursday this week.

Persons: Brent Organizations: The West Texas Intermediate, International Energy Agency, Traders, Federal Reserve Locations: Maricopa, Kern County , California, China

☆ Oil prices rise more than 1% as signs indicate tightening market ahead of OPEC+ decision
▼ + stars: | 2024-03-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Lone pumpjack located in the middle of large solar array outside of Bakersfield, Kern County, California, USA. Crude oil futures rose more than 1% on Friday as signs point to a tightening market ahead of an OPEC+ decision on production cuts. U.S. crude and the global benchmark booked a second consecutive monthly gain as front month contracts trade at a premium to later months, which is typically a sign of a tightening oil market. OPEC+ is considering rolling over its production cuts through the second quarter and possibly the end of the year, three sources in the organization told Reuters this week. The cartel and its allies are expected to make a decision on the cuts in the first week of March, sources told Reuters.

Persons: pumpjack, Brent Organizations: West Texas Intermediate, Reuters Locations: Bakersfield, Kern County , California, USA, OPEC

☆ Crude edges higher on supply concerns as shipping disruptions continue
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: +1 min

Third-generation oilman walks past a working pumpjack at his oilfield in Taft, Kern County, California on Sept. 21, 2023. Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries. Brent crude futures rose 16 cents, or 0.2%, to $82.69 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures (WTI) climbed 15 cents, or 0.2%, to $77.73 a barrel. Iran-aligned Houthis have continued their attacks on shipping in the Red Sea, and while the Israel-Hamas war has not significantly constrained oil supply, it has increased freight rates and shipping time, leaving barrels on the water for longer. In public, Israel and Hamas continued to take positions far apart on a possible truce, while blaming each other for delays.

Persons: Brent, Joe Biden, Jeffrey Schmid Organizations: U.S, West Texas, , Kansas City Federal Reserve Bank Locations: Taft, Kern County , California, Iran, Red, Israel, U.S, Gaza, Qatar, , Kansas

☆ Expedia is cutting 1,500 jobs as travel demand slows
▼ + stars: | 2024-02-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Expedia, the online travel agency, is eliminating about 1,500 employees as part of an “organizational and technological transformation.”The cuts, which amount to nearly 9% of its 17,100-strong global workforce, come amid slowing travel demand following a post-pandemic boom and a broader shakeup at the company, including a new CEO. Expedia (EXPE) said in a regulatory filing that the cuts will result in an $80 million to $100 million charge to its bottom line because of severance and compensation benefits costs. Over time, Expedia has acquired several online traveling booking platforms including Hotels.com, Vrbo, Orbitz, Hotwire.com and Travelocity. An Expedia spokesperson said that the changes “will result in the elimination of some roles” that “allows the company to invest in core strategic areas for growth.”Expedia had previously announced that CEO Peter Kern was departing his role. Ariane Gorin, who is president of Expedia for Business unit, will take over the position in May when Kern’s contract ends.

Persons: New York CNN — Expedia, “, Expedia, wasn’t, ”, ” Expedia, Peter Kern, Ariane Gorin, Max Organizations: New, New York CNN, CNN Locations: New York

☆ Prison inmate led scheme swindling U.S. out of $550 million in Covid tax credits, feds say
▼ + stars: | 2024-02-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

A California prison inmate locked up on a gang-related murder conviction led a scheme that defrauded the U.S. government out of more than $550 million in Covid-era federal tax credits, prosecutors said. Five other people were charged with Thomas in the alleged drug trafficking scheme. The employee retention credits became a refundable federal tax credit for employers during the Covid-19 pandemic to encourage businesses to retain workers. "But that apparently was not enough: he also conspired to pursue over half a billion dollars in federal tax credits that were meant to help struggling businesses during the COVID-19 pandemic," Talbert said. DEA agents intercepted those calls and also intercepted text messages showing Thomas communicating about the tax fraud scheme, prosecutors said.

Persons: Kristopher Thomas, Thomas, Kettisha Thompson, Dozier, Charmane Dozier, Sharon Vance, Philip Talbert, Talbert Organizations: Main Street Mafia, Attorney's, Eastern, Eastern District of, Drug Enforcement Administration Locations: California, Covid, Kern Valley, Waldorf , Maryland, Hawthorne , California, Los Angeles, Eastern District, Eastern District of California, Las Vegas, U.S, Delano , California, Hawaii

☆ Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyers
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +18 min

AdvertisementWalmart would not provide details on its points-based attendance system to Business Insider. AdvertisementSimilar to Walmart's policy, Amazon uses a points-based attendance system that could land employees in hot water if they hit eight points in a rolling 60-day period, according to the company. Many companies, including mid-size ones, have started to implement a points-based system to track lateness and absences, Zambrano noted. Amazon disputed the description of its points-based attendance system as totally "automated." "The attendance system works very similar to a standard time clock system," Stephenson, Amazon's spokesperson, told Business Insider.

Persons: Ron Zambrano, Zambrano, Lizzo, Nick Yasman, Yasman, Kelly Hellbusch, Hellbusch, Julio Cortez, Sam Stephenson, Stephenson, There's, Patricia Caputo, " Caputo, Caputo, Artur Widak, Amazon, Caputo wasn't, Mekaliah Torres, Torres, David Wagner, Wagner, Larreon Murphy, Murphy, they're, Elizabeth Gedmark, Gedmark Organizations: Walmart, Trial, Amazon, Business, West Coast, Lawyers, Employees, West Coast Trial, AP, United, Zambrano , West, California's Kern County Superior Court, Superior Court, California's Riverside County Superior Court, California's Sacramento County Superior Court Locations: California, Amazon, New York, Zambrano ,, California's Kern County, California's Fresno, California's Riverside County, California's Sacramento County

☆ Israel’s Druze Arabs, fiercely loyal to the state, feel let down after ‘paying with their blood’
▼ + stars: | 2024-02-21 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +11 min

About a million-strong, the global Druze community is largely spread across Israel, Lebanon and Syria. Some 130,000 Israeli Druze live in the Carmel and Galilee in the country’s north. There have been rumblings of discontent since 2018, when tens of thousands of demonstrators gathered in Tel Aviv to protest Israel’s controversial “nation-state” law. “The (nation-state) law didn’t affect our identity – it affected our sense of belonging,” he said in a video call with CNN. “The Druze community has no dream to have a country – we don’t want it, we don’t believe in it.

Persons: Alim Abdallah, Abdallah, we’d, ” Abdallah’s, Mona, Mona Abdallah Saad, “, ” Mona, ”, Alim Abdallah Saad, Adam, Maya, ” Abdallah, CNN hasn’t, Col, Salman Habaka, Be’eri, Habaka, Gadeer Kamal, Kamal, ‘ I’m, I’m, ’, Corinna Kern, Anwar Saab, It’s, Omri Eilat, Ariel Schalit, Benny Gantz, Bejamin Netanyahu, Bibi –, “ It’s Organizations: CNN, Israel Defense Forces, 300th Baram Regional Brigade, Washington DC, Jewish Agency for, Reuters ‘, Saab, University of Haifa, Druze Heritage Center, National Unity, Israeli Locations: Lebanon, Israel, Yanuh, Lebanese, Syria, Carmel, Galilee, Golan, Egypt, Israel’s, Hala, Gaza, Tel Aviv, Druze, Washington, Jewish Agency for Israel, Iran, Isfiya, Yanuh Jat

☆ Expedia CEO on stepping down as CEO: It was a job till I was done doing what I needed to do
▼ + stars: | 2024-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpedia CEO on stepping down as CEO: It was a job till I was done doing what I needed to doExpedia CEO Peter Kern joins 'Squawk on the Street' to discuss the company's latest quarter, his decision to resign after four years, and more.

Persons: Peter Kern

☆ Expedia shares plunge on weak air travel bookings and news the CEO is stepping down
▼ + stars: | 2024-02-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

Expedia shares sank 19% on Friday after the company saw softness in air travel bookings and its CEO resigned. While delivering an earnings-per-share beat and in-line revenue in the fourth quarter, bookings fell short, "largely driven by a reduction in average ticket prices" for air travel, management said during its post-earnings conference call. Investors also received the unexpected news that Expedia CEO Peter Kern will be stepping down after four years at the helm. While Expedia stock didn't look good, Cramer acknowledged that management led by Kern "has done a great job" in bringing the company out of Covid when nobody was traveling. EXPE 5Y mountain Expedia 5 years Expedia said it sees "some softness in prices across categories" in 2024, and it expects "growth rates across the world to decelerate."

Persons: CNBC's Jim Cramer, Peter Kern, Kern, Ariane Gorin, Cramer, Expedia Organizations: Microsoft, CNBC Locations: Covid

☆ Stocks making the biggest moves premarket: PepsiCo, Cloudflare, Pinterest, Expedia and more
▼ + stars: | 2024-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Cloudflare — Shares surged 27% after the cloud services provider topped analysts' expectations in its fourth quarter. Cloudflare reported adjusted earnings of 15 cents per share on revenue of $362 million. Expedia reported earnings of $1.72 per share on revenue of $2.89 billion, higher than the $1.68 on $2.88 billion analysts had expected. Illumina — Shares dropped 4% even after the company reported fourth-quarter results that topped expectations, according to FactSet consensus estimates. Take-Two also reported adjusted earnings of 71 cents per share, slightly missing the FactSet consensus estimate for 72 cents earnings per share.

Persons: Cloudflare, LSEG, Pinterest, Expedia, Peter Kern, Ariane Gorin, CleanSpark, ClearnSpark, Illumina, Bill Holdings, Bill, — CNBC's Michelle Fox Lisa Kailai Han, Jesse Pound Organizations: PepsiCo, Revenue, Pepsi, FactSet . Revenue, United Airlines —, ISI, Newell, Newell Brands, FactSet

☆ Oil ticks down in Asian trade despite rising Middle East tensions
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: +2 min

California produces 311,000 barrels of crude oil every day, around 2.4 percent of all US production, making it the seventh largest producing state in the union. Oil prices edged off in early Asian trading on Wednesday on continued bearish fundamentals, following gains in the previous session amid an escalating conflict in the Middle East. The March Brent crude futures , which expires today, fell 37 cents to $82.50 a barrel by 0146 GMT. But ANZ analysts said in a note that "a strong military response from the U.S." to the drone attack "could still trigger a strong reaction from the market." It appeared to be the most serious peace initiative since the war's first and only brief ceasefire which fell apart in November.

Persons: Fred Holmes, Brent, Tony Sycamore, Biden, Sycamore Organizations: . West Texas, IG, ANZ, U.S . Pentagon, U.S, China Evergrande Group, PMI Locations: Taft, Kern County , California, California, U.S, Jordan, Syria, East, Iran, Israel, Gaza, Red

☆ Trader Joe's shoppers have spoken: These are the best things to buy at the chain right now
▼ + stars: | 2024-01-31 | by ( Paige Bennett | ) www.businessinsider.com time to read: +7 min

The winners were selected based on shopper surveys, and categories include things like best beverage, best sweet treat, and best overall winner. AdvertisementUnlike many other grocery stores that sell bananas by the pound, Trader Joe's has become known for selling them at 19 cents per banana. The list is rounded out by Trader Joe's Persian cucumbers and the lemony arugula-basil salad kit. This year's pick for the best appetizer is creamy spinach-and-artichoke dipTrader Joe's creamy spinach-and-artichoke dip won best appetizer, beating out many fan-favorite products. In Business Insider's own Trader Joe's appetizer taste test from food writer Lucien Formichella, the chain's Greek spanakopita actually scored a second-place spot.

Persons: —, Joe's, Emma Kershaw, Toscano, Leah Kern, that's, creamer, Lucien Formichella, spanakopita, Diana Blinkhorn, Paige Bennett Organizations: Service, Fame, Business, of Fame Locations: Brazil

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