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☆ Kenton Cool/Kami Rita Sherpa: Nepali and British climbers break their own records with successful Everest ascents
  + stars: | 2024-05-12 | by ( ) edition.cnn.com   time to read: +2 min
CNN —A British climber and a Nepali guide have broken their own records for most climbs of Mount Everest, the world’s highest mountain, hiking officials said on Sunday. Rakesh Gurung, director of Nepal’s Department of Tourism, said Britain’s Kenton Cool, 50, and Nepali guide Kami Rita Sherpa, 54, climbed the 8,849-meter (29,032 foot) peak for the 18th and 29th time, respectively. Madison had teamed up with Kami Rita to climb the summits of Everest, Lhotse, and K2 in 2014. Kenton Cool is an institution,” Furtenbach, who is leading an expedition from the Chinese side of Everest, told Reuters. Kami Rita first climbed Everest in 1994 and has done so almost every year since, except for three years when authorities closed the mountain for various reasons.
Persons: CNN —, Rakesh Gurung, Britain’s Kenton Cool, Rita Sherpa, ” Garrett Madison, Madison, Kami Rita, Lukas Furtenbach, Kenton Cool, ” Furtenbach, New Zealander Sir Edmund Hillary, Tenzing, Rita Organizations: CNN, Nepal’s Department of Tourism, Madison Mountaineering, Austrian, Kenton, Reuters, Tenzing Norgay, Everest, Nepal Locations: British, Everest, U.S, Pakistan, Nepal, New Zealander, Nepal
☆ Tesla shares plunge to wipe out $71 billion in market value, after dour earnings call
  + stars: | 2024-01-25 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
London CNN —Shares in Tesla plunged as much as 11% after the market opened Thursday, wiping $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals. While it reported a sizeable 38% increase in deliveries last year compared with 2022, Tesla had previously targeted a 50% annual growth rate averaged over several years. At the time, investors were worried about the outlook for Tesla’s sales and profitability, as well as the health of the US economy. Dan Ives, an analyst with market research firm Wedbush, said Tesla’s earnings call provided investors with “minimal answers” to the company’s shrinking margins. China’s BYD beat Tesla in the final three months of last year, selling more cars than Elon Musk’s carmaker for the first time.
Persons: Tesla, Thursday’s, Qilai Shen, Dan Ives, Musk, ”, China Tesla, China’s, Elon Musk’s carmaker, ” Garrett Nelson, Ben Barringer, Chris Isidore Organizations: London CNN —, Bloomberg, Getty, Elon, CFRA Research Locations: Shanghai, China, Cheviot
☆ What broke the American Dream for Millennials
  + stars: | 2024-01-19 | by ( Allison Morrow | ) edition.cnn.com   time to read: +11 min
For their nine-month-old son, Miles, Rachael and Garrett agree: They’re not going to push him to pursue the same path. “This is the American Dream,” Rachael says. The nest egg mythA common refrain Millennials heard from their Boomer parents is that buying is always better than renting. Luke Sharrett/Bloomberg/Getty ImagesCentral to the pitch of the American Dream is a house. “I don’t think anyone could have foreseen house prices going up 20% or 30% in a three-year period,” Garrett says.
Persons: Pennsylvania CNN — Rachael Gambino, Garrett Mazzeo, —, Miles, Rachael, Garrett, They’re, ’ ”, ” Rachael, Kristen Gambino, Rachael Gambino, Deborah Brunswick, John General, America it’s, Brendan Duke, Baby, Millennials, gumming, Obama, ”, Louis, Boomer, Luke Sharrett, they’d, ” Garrett, they’re, homeownership, We’re, “ we’re, That’s, Duke, ” Duke, “, Camerota, Matthew Friedman Organizations: Pennsylvania CNN, “, CNN, Center for American Progress, of Education, America, Federal Reserve Bank of St, Bloomberg, Getty, Federal Reserve Bank of Philadelphia, Workers, Center, American Progress ’ Locations: Lansdale, Pennsylvania, America, United States, Attom, financials
☆ This CEO is changing the rules of American farming. Here’s why
  + stars: | 2023-11-21 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +12 min
At a time when social and environmental investments have been politicized, Ford and Land O’Lakes are staying the course. Courtesy Land O’Lakes, Inc.“We’re focusing on the things that are most important to our members, their families and to their businesses,” she told CNN. The EPA and the Hershey Company gave $2 million to Land O’Lakes member farms in Pennsylvania. Land O'Lakes CEO Beth Ford at the company's headquarters in Arden Hills, Minnesota, on July 29, 2021. In 2020, Land O’Lakes convened the American Connection Project coalition to advocate for public and private investment in high-speed internet infrastructure in rural communities.
Persons: “, Beth Ford, Ford, Evan Hillan, don’t, Truterra, ” Ford, ”, Ford’s, Carol, —, CNN’s Poppy Harlow, ‘ I’ve, ’ ” Ford, Harlow, Richard Tsong, I’ve, “ I’ve, O’Lakes, isn’t, Lucas Fuess, Kim Reynolds, Fuess, there’s, Kelly Garrett, ” Garrett, Garrett Organizations: Arden Hills , Minnesota CNN —, Fortune, Arden, Ford, CNN, Inc, US Environmental Protection Agency, EPA, Hershey Company, Pepsi, Mobil, Scholastic —, Star Tribune, Getty, American Connection, Biden, Republican, ”, Nature Locations: Arden Hills , Minnesota, Wisconsin, Truterra, Mill Hill , Pennsylvania, Pennsylvania, America, Ford, Sioux City , Iowa, Iowa, Iowa , Idaho , Kansas, Modale , Iowa, Inc, West, Arion , Iowa, American
☆ 'Death zone' queues feared on Everest as Nepal grants record climbing permits
  + stars: | 2023-04-28 | by ( Gopal Sharma | ) www.reuters.com   time to read: +4 min
[1/2] A general view of the Everest base camp taken from a drone, in Nepal April 24, 2023. So far, Nepal has handed out a record 463 permits to climb Everest between March and May, beating 2021's 409. Climbing is a key earner for the poor country, where about 500,000 people are employed in tourism, including climbing, and the number of permits has been rising steadily. So far this year, Nepal has granted permits to 1,046 climbers for 24 peaks, earning the government $5.6 million, of which $5 million came from Everest alone. He said the government was considering introducing a requirement for climbers to scale at least one 6,000-metre peak in Nepal before attempting Everest.
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