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☆ England qualifies top of Group C after underwhelming goalless draw against Slovenia
▼ + stars: | 2024-06-25 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —England secured top spot in Group C with a goalless draw against Slovenia on Tuesday, but another underwhelming performance throws up more questions about the Three Lions’ status as one of the Euro 2024 favorites. The team created few real chances of note and were again met by boos at full-time from traveling England fans. England, meanwhile, had been heavily criticized for two poor performances to open Euro 2024: a narrow 1-0 win over Serbia and a 1-1 draw with Denmark. Slovenia defender Erik Janza and England midfielder Jude Bellingham chatting during the match. England’s slight improvement in the second half, though, will likely have Southgate rethinking his starting lineup ahead of the last 16.

Persons: Gareth Southgate’s, Kobbie Mainoo, Cole Palmer, Jan Oblak, Saka, Phil Foden’s, Alex Caparros, Southgate, that’s, Conor Gallagher, Declan Rice, Trent Alexander, Arnold, Gallagher, Erik Janza, Jude Bellingham, Kirill Kudryavtsev, Rice, Foden, Oblak, Palmer, Harry Kane Organizations: CNN, England, Slovenia, Lions, Red, Whites, Denmark, Serbia, Manchester City, UEFA, Southgate, Manchester United, Chelsea, Getty Locations: Denmark, Serbia, England, Madrid, Slovenia, Manchester, AFP

☆ China’s deadly flooding moves north prompting top rainstorm alert
▼ + stars: | 2024-06-25 | by ( Lex Harvey | Fred He | ) edition.cnn.com time to read: +4 min

The region has been battered by heavy rainfall over the last week, causing deadly flooding and landslides that have killed at least 71 people, according to Chinese state media. Southern Guangdong province, an economic powerhouse home to 127 million people, is subject to annual flooding from April to September. Floodwaters immerse a rural road in Chongzuo, southern China, on June 23, 2024. An excavator works at the site of a landslide in Guizhou province, China on June 24, 2024. Local rivers rose a record 4.59 meters (15 feet), according to Chinese state broadcaster CGTN.

Persons: VCG, John Ricky, Xi Jinping Organizations: Hong Kong CNN, Publishing, China’s Meteorological Administration, Flood, Drought Relief, CGTN, Emergency, Reuters, Getty, CCTV Locations: Hong Kong, China, Southern Guangdong province, Guangdong, Hunan, Chongzuo, Chongqing province, Zhejiang, Hubei, Anhui, China’s, Jiangxi, Guizhou province, Changsha, Local, –, Meizhou, Guangdong province, Yuanlin county, Taoyuan county

☆ Opinion: Will Julian Assange receive a hero’s welcome in Australia?
▼ + stars: | 2024-06-25 | by ( Opinion Latika Bourke | ) edition.cnn.com time to read: +7 min

CNN —Julian Assange is no martyr, but the Trump administration’s continued pursuit of the WikiLeaks founder ended up making him one — in the eyes of many Australians. Assange, who was released from prison in the UK on June 24, has long been a polarizing figure in his native Australia. Once Assange pleads guilty, under the plea agreed with the US, he will have spent five years in solitary confinement. Assange’s WikiLeaks disclosures put Western human intelligence sources at risk by the way they were dumped on the internet unredacted. He is reported to be heading to Canberra where he’ll be given a hero’s welcome by some, including his family and hardline supporters.

Persons: Latika Bourke, ”, Read, CNN — Julian Assange, Trump, Latika Bourke Louis Douvis, Assange, narcissist, Pamela Anderson, Vivienne Westwood, Assange “, Chelsea Manning, Matt Canavan, ” Canavan, Julian Assange, Saeed Khan, Canavan, “ he’s, George W, “, Assange’s, Julian Hill, Stella Assange, indefatigably, Hill, Caroline Kennedy, Joe Biden, Anthony Albanese, Albanese’s, Albanese, Scott Morrison, he’s, ” Hill, Assange hasn’t, he’ll Organizations: Nightly, Sydney Morning Herald, Love, CNN, WikiLeaks, Trump, US Army, Australian, Wikileaks, Getty, Reuters, Australian Labor, Democrat, Labor, Liberal, Twitter, Facebook Locations: Australian, India, British, Ecuadorian, London, Sweden, Sydney's, Australia, AFP, Saipan, Northern Mariana Islands, Iraq, Canberra

☆ Huawei Harmony OS: Flashpoint in US-China tech rivalry is again a force to reckon with
▼ + stars: | 2024-06-24 | by ( Diksha Madhok | ) edition.cnn.com time to read: +4 min

CNN —Huawei is in the midst of one of the most stunning comebacks in the history of the tech industry. The Chinese giant, which has been a flashpoint in the escalating rivalry between Washington and Beijing, says more than 900 million smartphones now use its in-house operating system Harmony OS. Harmony, which is called “Hongmeng” in Chinese, was first unveiled in 2019, months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software to the Chinese tech company without a license. The US ban prevented companies like Google (GOOGL) from supplying new Huawei devices with its version of Android OS. Sales of the iPhone began bouncing back in May, after the company aggressively cut prices in its largest overseas market.

Persons: ” Richard Yu, It’s, Yu, Huawei’s Organizations: CNN, Huawei, Google, Nvidia, Microsoft, Apple, Research Locations: China, Washington, Beijing, Shenzhen

☆ Paramount+ to increase prices for its streaming plans
▼ + stars: | 2024-06-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The price increase takes effect on Aug. 20 for new customers for both plans. Existing Paramount+ with Showtime customers will see the price increase hit on or after Sept. 20. Paramount executives had said publicly on multiple occasions they see a lot of opportunities to increase the price of streaming services. Paramount said in April it had added 3.7 million Paramount+ subscribers during the first quarter, bringing the total to 71 million. The price increase comes after National Amusements earlier this month stopped discussions with Skydance on a proposed merger with Paramount.

Persons: —, Comcast's NBCUniversal, Peacock, Shari Redstone, David Ellison's Skydance, George Cheeks, Chris McCarthy, Brian Robbins, Skydance didn't Organizations: Paramount, Showtime, Summer, NBC, Warner Bros . Discovery, National, CBS, Paramount Media Networks, Paramount Pictures, Comcast, CNBC Locations: NBCUniversal

☆ The best private and public colleges for financial aid: Some 'have really stepped up,' expert says
▼ + stars: | 2024-06-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

watch nowOngoing problems with the new Free Application for Federal Student Aid have delayed financial aid award letters — and have even prevented many high school seniors and their families from applying for aid at all. Yale UniversityLocation: New Haven, ConnecticutSticker price: $87,150Average need-based scholarship: $71,577Average total out-of-pocket cost: $15,573 2. Vassar CollegeLocation: Poughkeepsie, New YorkSticker price: $85,220Average need-based scholarship: $61,252Average total out-of-pocket cost: $23,968 3. Williams CollegeLocation: Williamstown, MassachusettsSticker price: $85,820Average need-based scholarship: $70,764Average total out-of-pocket cost: $15,056 4. Pomona CollegeLocation: Claremont, CaliforniaSticker price: $86,814Average need-based scholarship: $65,925Average total out-of-pocket cost: $20,889 5.

Persons: Robert Franek, Yale University Yana Paskova, Stringer, Win McNamee Organizations: Federal, Aid, National College, Princeton, Yale University, Vassar College, Williams, Pomona, California Institute of Technology, University of Virginia, Getty Locations: New Haven , Connecticut, Poughkeepsie , New York, Williamstown , Massachusetts, Claremont , California, Pasadena , California, Charlottesville , Virginia

We've compiled everything you need to know about how to watch the Indiana Fever vs. Chicago Sky from home, including both cable and live streaming options. The league announced that last weekend's Indiana Fever vs. Chicago Sky game was the most-watched WNBA game on any network in 23 years, peaking at nearly 3 million viewers. How to watch Indiana Fever vs. Chicago Sky in the USThe Indiana Fever vs. Chicago Sky game will air on ESPN on Sunday at 4 p.m. If you don't have cable, you can explore a live TV streaming package that carries the channel. Check price at FuboHow to watch Indiana Fever vs. Chicago Sky from anywhereIf you'll be traveling outside of the US during the game, you'll have trouble accessing your usual apps and subscriptions.

Persons: Caitlin Clark, Angel, We've, Clark, Reese, you'll, ExpressVPN Organizations: Business, WNBA, Indiana Fever, Chicago Sky, Fever, Iowa, LSU, Clark, Eastern Conference, Indiana, ESPN, Sunday, Sling, ESPN2, ESPN3, Fubo Locations: Clark and Iowa

☆ Sha’Carri Richardson wins 100-meter final to qualify for 2024 Paris Olympics
▼ + stars: | 2024-06-23 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +1 min

CNN —Sha’Carri Richardson has qualified for her first Olympic games after winning the 100-meter final on Saturday at the Olympic trials at Hayward Field in Eugene, Oregon. Richardson finished in first place with a time of 10.71 – the fastest time in the 100m in the world this year – to book her spot at the 2024 Paris Olympics with the US Olympic team. Richardson’s training partner Melissa Jefferson and Twanisha Terry also qualified for the Paris Olympics after finishing in second and third place, respectively. Sha'Carri Richardson crosses the finish line of the women's 100 meter dash final at Hayward Field Saturday. Richardson added a second gold to her haul, anchoring the American 4x100 relay at the same event.

Persons: CNN — Sha’Carri Richardson, Richardson, Melissa Jefferson, Twanisha Terry, Sha'Carri Richardson, Christian Petersen, Jamaica’s Shericka Jackson, Gabby Thomas Organizations: CNN, Hayward Field, US Olympic, Paris Olympics, Hayward, Tokyo Olympic Games Locations: Eugene , Oregon, Texas, Budapest, Hungary, American

☆ ‘They saved their whole lives for this’: American woman’s heartbreak as parents die on Hajj
▼ + stars: | 2024-06-22 | by ( Pauline Lockwood | Maija-Liisa Ehlinger | ) edition.cnn.com time to read: +6 min

CNN —Saida Wurie said it was her parents’ lifelong dream to participate in Hajj, the religious pilgrimage that brings Muslims from around the world to Saudi Arabia each year. Speaking to CNN’s Whitfield on Saturday, Wurie said she had been in close contact with her parents while they were in Saudi Arabia via a family group chat. As of Saturday, diplomats have not committed to meeting them in person in Saudi Arabia, she said. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record-setting 125 degrees Fahrenheit on Monday. Fadel Senna/AFP/Getty ImagesBut CNN has spoken to other Hajj pilgrims who said the preparations weren’t enough, with one describing seeing fellow worshipers lose consciousness and walking past bodies covered in white cloths.

Persons: Saida Wurie, They’d, “, ”, CNN’s Fredricka Whitfield, Wurie, Isatu Tejan, Alieu Dausy, Prince George’s County, CNN’s Whitfield, Arafat, Mount Arafat, Whitfield, Fadel Senna, Mina . Organizations: CNN, Kaiser Permanente, ”, Saudi Interior Ministry, US Embassy, General’s Office, US State Department, Saudi, Ahram Locations: Hajj, Saudi Arabia, Maryland, Bowie , Maryland, Kaiser, Prince George’s, Mina, Jeddah, Saudi, Mecca, AFP, Egypt, Saudi Arabian

☆ Sha’Carri Richardson wins 100m title at U.S. Olympic trials again, will be joined in Paris by training partners
▼ + stars: | 2024-06-22 | by ( Mark Puleo | Marcus Thompson Ii | ) www.nytimes.com time to read: +2 min

There will be no denying Sha’Carri Richardson from getting her Olympic moment at last. AdvertisementThe 100m final capped a dominant performance by Richardson at these Olympic Trials. Melissa Jefferson finished second with a time 10.80 to secure a spot in Paris. Twanisha “Tee Tee” Terry took the third spot in 10.89. Sha’Carri Richardson runs the fastest 100m in the world this year to qualify for the #ParisOlympics!

Persons: Sha’Carri Richardson, Richardson, wasn’t, —, Melissa Jefferson, Twanisha “ Tee Tee ” Terry, ” Richardson, Patrick Smith Organizations: U.S, Hayward, Prefontaine, NBC, Tokyo Games Locations: Paris, Eugene ,

☆ How Chinese EV makers are slowly taking over the world
▼ + stars: | 2024-06-22 | by ( Tom Carter | ) www.businessinsider.com time to read: +14 min

Chinese carmakers accounted for 88% of the EV market in Brazil and 70% in Thailand in Q1, according to ABI Research figures. The EV markets in many of these countries are small now, but they're growing rapidly. This is because Chinese automakers are known for their ability to build electric cars for less than their foreign competitors. Australian Senator and shadow cyber-security minister James Paterson said earlier this year that Chinese EVs pose a growing cybersecurity risk. "India is still a little wary of the Chinese market," said Dylan Khoo, an analyst at ABI Research.

Persons: —, BYD, Joe Biden, Bill Russo, Susan Walsh Sam Fiorani, Luiz Inácio Lula da Silva, São Paulo, Luiz Inacio Lula da Silva, Marcel Martin, Katherine Tai, Elon Musk, SONNY TUMBELAKA, They're, Automobility, Tesla, John Keeble, James Paterson, Fiorani, Indranil Aditya, Dylan Khoo, Warren Buffett, Xpeng, William Li, HECTOR RETAMAL, America's, Russo, WuYuan Organizations: Service, Detroit, EV, Business, Research, Ford, Toyota, Volkswagen, EU, AP, AutoForecast Solutions, Brazilian Electric Vehicle Association, Great Wall Motors, Anadolu Agency, Getty, International Council, Clean Transportation, Chery, Total, China Passenger Car Association, Reuters, Honda, Mitsubishi, International Energy Agency, Federal, of Automotive Industries, SAIC, AutoForecast, BYD, SAIC Motors, India's, ABI Research, Union Locations: Camaçari, Brazilian, Bahia, Brazil, Mexico, Southeast Asia, Europe, Thailand, China, Shanghai, EU, São, Johannesburg, South Africa, Southeast Asia Southeast Asia, Malaysia, Vietnam, Indonesia, Indonesia's West Java, Philippines, Australia, Hangzhou, Queensland, India India, India, Europe Europe, Hungary, France, Spain, Portugal, South Korea

☆ U.S. crude oil on pace for second weekly gain as gasoline demand surges
▼ + stars: | 2024-06-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil was on pace Friday for a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs. Oil prices traded flat Friday morning but are ahead more than 3.6% for the week. Gasoline consumption in the U.S. surged to 9.4 million barrels per day, or bpd, last week, the highest level for that time of year since the Covid-19 pandemic ended, according to JPMorgan. "Gasoline demand in the US has been on a steady rise since the Memorial Day weekend and we expect a further advance as record 71 million Americans are expected to travel during the upcoming July 4th holiday," JPMorgan analyst Prateek Kedia told clients in a research note. Here are today's energy prices:Patrick De Haan, head of petroleum analysis at GasBuddy, said prices at the pump could rise after U.S. oil, gasoline, and distillate stocks all fell for the first time in weeks, indicating stronger demand.

Persons: Prateek Kedia, Patrick De Haan Organizations: JPMorgan Locations: U.S

☆ A retired boomer who moved from the US to Costa Rica said it's 'horribly incorrect' to assume life in Central America is much cheaper
▼ + stars: | 2024-06-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Keenan said he's loved the peace and nature of Costa Rica after spending most of his life in Albuquerque. During his time with the insurance company, he attended a retreat in Playa Zancudo, located in the south of Costa Rica. After these visits, he knew he wanted to retire in Costa Rica to live an "easygoing" life far from the US. AdvertisementCosta Rica is more expensive than he thoughtKeenan said that when he first moved to Costa Rica, prices were cheaper than in the US but not by too much. AdvertisementHe never bought a house, as he said the process can take years in Costa Rica.

Persons: Gary Keenan, Little, Keenan, he's, it's, Costa Rica Keenan, José, hasn't, Kelley Organizations: Service, Business, Google, Costa Locations: New Mexico, Costa Rica, Albuquerque, America, Costa, Playa Zancudo, Playa Grande, Guanacaste, Europe, France, José, San Pedro, capital's, Santa Ana, San José, Costa Rican, Panama, Argentina, expats

☆ Here's our first-quarter earnings report card for 32 stocks in the portfolio
▼ + stars: | 2024-06-21 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. Similar to prior quarters, we grouped company results into one of four categories. Meta Platforms : Sales, earnings and cash flow results all topped expectations . However, sales and earnings both outpaced expectations, as did return on tangible common equity, a key consideration when valuing banks. The company also raised its outlook for full-year earnings growth to 25% year-over-year from 20%.

Persons: we're, Dover, Eli Lilly, Blackwell, Abbott, —, Wall, We'll, Morgan Stanley, Nikesh, Stanley Black, Wells, Estee Lauder, Fabrizio Freda, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Investing, Apple, Services, Broadcom, VMware, Coterra, DuPont, Microsoft, Nvidia, Wynn Resorts, Super, Abbott Labs, Web Services, Constellation Brands, Constellation, Ford, Ford Pro, Wall Street, Alto Networks, Procter & Gamble, TJX, GE Healthcare, Honeywell, Linde, Jim Cramer's Charitable, CNBC Locations: Dover, China, Eaton, Las Vegas, China's Macao, billings, Wells Fargo, —

☆ Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%
▼ + stars: | 2024-06-21 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla CEO Elon Musk sent an email to "everybody" that day. He told employees, "Over the next few weeks, Tesla will be doing a comprehensive review to provide stock options grants for exceptional performance." In a filing for the fourth quarter, Tesla said its employee head count worldwide at the end of December was 140,473, a number that represents salaried and hourly staffers. At around 121,000, that suggests Tesla has reduced overall headcount by at least 14% since the end of 2023. For the first quarter, Tesla reported a 9% drop in annual revenue, the biggest decline since 2012.

Persons: X Elon Musk, Mark Read, Elon Musk, Tesla, Musk, We've, Rebecca Tinucci Organizations: Lumiere Theatre, Cannes Lions, CNBC, Tesla, Reuters, Bloomberg, Nasdaq Locations: Cannes, France, China

☆ James Chance, No Wave and Punk-Funk Pioneer, Dies at 71
▼ + stars: | 2024-06-20 | by ( Jon Pareles | ) www.nytimes.com time to read: +1 min

James Chance, the singer, saxophonist and composer who melded punk, funk and free jazz into bristling dance music as the leader of the Contortions, died on Tuesday in Manhattan. His brother, David Siegfried, said Mr. Chance had been in declining health for years and succumbed to complications of gastrointestinal disease at the Terence Cardinal Cooke Health Care Center in East Harlem. Contortions songs like “I Can’t Stand Myself” and “Throw Me Away” filled the rhythmic structures of James Brown’s funk with angular, dissonant riffs, to be topped by Mr. Chance’s yelping, blurting, screaming vocals and his trilling, squawking alto saxophone. He was a live wire onstage, with his own twitchy versions of moves adapted from Brown, Mick Jagger and his punk contemporaries.

Persons: James Chance, David Siegfried, Chance, Terence Cardinal Cooke, James Brown’s, Chance’s, Brown, Mick Jagger Organizations: Terence Cardinal Cooke Health Care Center, Mr Locations: Manhattan, East Harlem, New York City

☆ Stocks making the biggest moves midday: Gilead Sciences, Accenture, Trump Media, AMD and more
▼ + stars: | 2024-06-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Trump Media & Technology Group — After former President Donald Trump's company said on Tuesday that the Securities and Exchange Commission had declared effective Trump Media's registration of additional shares, the stock dropped 13.5%. Super Micro Computer — Shares jumped 5% after Elon Musk said the company will help his AI firm, xAI, build a supercomputer . Winnebago reported $1.13 in adjusted earnings per share on $786 million of revenue for its fiscal third quarter. Commercial Metals — Shares gained 5.6% after the company reported a revenue beat for its third quarter. Analysts surveyed by LSEG had forecasted $1.80 earnings per share and $1.65 billion in revenue.

Persons: lenacapavir, Donald Trump's, Elon Musk, Piper Sandler, Winnebago, FactSet, Heather Balsky, Jabil, LSEG, —, Alex Harring, Hakyung Kim, Sarah Min, Jesse Pound, Lisa Han Organizations: Accenture, Gilead Sciences, Trump Media & Technology, Securities and Exchange Commission, Trump, Darden, Garden, LongHorn, LSEG . Revenue, Winnebago Industries, Bank of America, Jazz Pharmaceuticals, Metals, Revenue, KB

☆ Stocks making the biggest moves premarket: Nvidia, Trump Media, Accenture and more
▼ + stars: | 2024-06-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: Accenture — The tech stock jumped 8.6%. While Accenture missed earnings and revenue expectations in its latest quarter, according to FactSet, the information technology company posted more than $900 million in new generative AI bookings. Trump Media & Technology Group — Shares tumbled nearly 12% after the company on Tuesday said that its registration of additional shares was declared effective by the Securities and Exchange Commission. Dell Technologies , Super Micro Computer — Shares jumped more than 4% each. Advanced Micro Devices — Shares added about 1% after Piper Sandler called the semiconductor stock a top pick among large caps.

Persons: Elon Musk, Dell, Musk, LSEG, Piper Sandler, — CNBC's Michelle Fox, Hakyung Kim Organizations: Accenture, Trump Media & Technology, Securities and Exchange Commission, Nvidia, Microsoft, Dell Technologies, xAI, Hewlett Packard Enterprise, Juniper Networks, Juniper, KB

☆ Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
▼ + stars: | 2024-06-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Zilch initially sourced credit for its installment plans and other loans from Goldman Sachs 's private credit arm. The additional $190 million of credit will become available to Zilch as the firm continues to grow. Once Zilch has reaches the $315 million maximum funding threshold, it expects to generate nearly $10 billion of GMV by 2026. The firm reported revenues of £30 million ($38 million) in the 12 months ended March 2023. Zilch also has an advertising sales network where it provides placements for retailers to promote their wares to consumers.

Persons: Phil Belamant, Zilch, it's, Goldman Sachs, Philip Belamant, we've, Goldman, Belamant Organizations: LONDON, Deutsche Bank, Goldman, CNBC, Apple, Citi

☆ How Heat Affects the Brain
▼ + stars: | 2024-06-19 | by ( Dana G. Smith | ) www.nytimes.com time to read: +1 min

In July 2016, a heat wave hit Boston, with daytime temperatures averaging 92 degrees for five days in a row. Some local university students who were staying in town for the summer got lucky and were living in dorms with central air-conditioning. He had 44 students perform math and self-control tests five days before the temperature rose, every day during the heat wave, and two days after. “Many of us think that we are immune to heat,” said Dr. Cedeño, now an assistant professor of environmental and occupational health and justice at Rutgers University. “So something that I wanted to test was whether that was really true.”It turns out even young, healthy college students are affected by high temperatures.

Persons: Jose Guillermo Cedeño Laurent, ”, Cedeño Organizations: Rutgers University, A.C Locations: Harvard

☆ Toyota Chairman’s Investor Support Tumbles
▼ + stars: | 2024-06-19 | by ( River Akira Davis | More About River Akira Davis | ) www.nytimes.com time to read: +1 min

Investor support for Toyota Motor’s longtime leader, Akio Toyoda, sank to its lowest level since he took the helm as shareholders challenged the extent of control he exerts over the company. According to a filing released on Wednesday, 71.9 percent of shareholders supported renominating Mr. Toyoda as chairman of Toyota’s board. That met the threshold required for re-election, but it was the lowest level of support for him since at least 2010, after Mr. Toyoda’s first full year as chief executive. Ahead of Toyota’s shareholder meeting on Tuesday, The New York Times reported that several big investors planned to vote against Mr. Toyoda’s reappointment. Traditionally in Japan, board members receive nearly unanimous support from shareholders, and Mr. Toyoda, whose grandfather founded the company, has gotten an average approval of more than 96 percent over the past decade.

Persons: Akio Toyoda, Toyoda, Toyoda’s, Toyoda’s reappointment Organizations: Toyota, The New York Times Locations: Japan

☆ First tropical storm of the season heads for Texas as extreme heat wave hits the Northeast
▼ + stars: | 2024-06-19 | by ( Patrick Smith | ) www.cnbc.com time to read: +3 min

The United States was buffeted by extreme weather Wednesday, with Texas bracing for the first tropical storm of the hurricane season while the Northeast still faced a major heat wave. Southern Texas braced for a major storm to hit late Wednesday into Thursday, with considerable flash flooding likely, according to forecasters. The weather system, currently named Potential Tropical Cyclone One, is expected to be upgraded and renamed Tropical Storm Alberto by the time it makes landfall on the Gulf Coast of Mexico early Thursday. The National Weather Center office in Houston said at 4:30 a.m. CT (5.:30 a.m. Greg Abbott ordered the state Division of Emergency Management to put the Texas State Emergency Operations Center to a readiness of level 2, meaning it began 24-hour operations.

Persons: Alberto, Greg Abbott, Michelle Grossman, Grossman, Michael Monds Organizations: Tropical, National Weather Center, National Hurricane Center, Ciudad Victoria, Texas Gov, Emergency Management, Emergency, Center, Texans, Texas, M, Service, Texas National Guard, Chinook, NBC Locations: States, Texas, Northeast, Southern Texas, Gulf Coast, Mexico, Luis, Rio, Corpus Christi, Houston, Monterrey, New England, Bangor , Maine, Syracuse , New York

☆ Louisiana classrooms now required by law to display the Ten Commandments
▼ + stars: | 2024-06-19 | by ( Stephanie Gallman | Dianne Gallagher | ) edition.cnn.com time to read: +3 min

CNN —Louisiana public schools are now required to display the Ten Commandments in all classrooms, after Republican Gov. Before signing the bill, Landry called it “one of (his) favorites.”“If you want to respect the rule of law, you gotta start from the original law given which was Moses. Politicians have no business imposing their preferred religious doctrine on students and families in public schools,” the groups said in a joint statement. The Supreme Court ruled that the coach’s prayers amounted to private speech, protected by the First Amendment, and could not be restricted by the school district. At the time, the court clarified that a government entity does not necessarily violate the establishment clause by permitting religious expression in public.

Persons: Jeff Landry, Bill, Landry, ”, Moses, …, ” Landry, ” “, Dodie Horton, “, ” Horton Organizations: CNN, Republican Gov, American Civil Liberties Union, American Civil Liberties Union of, Americans United, Separation, Church and State, Religion Foundation, Bremerton School District, Republican, Democratic Locations: Louisiana, American Civil Liberties Union of Louisiana, Church, Kennedy v

☆ Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2 billion in equity units
▼ + stars: | 2024-06-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

NextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back debt. The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50, which will serve as a contract to purchase shares no later than June 1, 2027. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% gain by the S&P 500. But the utility space has cooled off over the past month, with NextEra falling 5% over that period. About 71% of Wall Street analysts rate NextEra as the equivalent of buy, while 24% have put a hold on the stock and 4.8% have recommended that investors sell.

Persons: NextEra, Goldman Sachs, Goldman, Carly Davenport Organizations: Energy, Energy Capital Holdings, UBS, Wall Street Locations: Florida, U.S

☆ The retirement Catch-22
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. Instead of making it easier for Americans to save for retirement and work as long (or as short) as they want, Fink is setting up a catch-22: The economy needs aging Americans to work longer, but many companies simply don't want them. One of Button's studies looked at "bridge jobs , " part-time jobs in administration or retail that many people use to ease into retirement and cushion their finances. The same year, Scripps Medical Clinic in San Diego was ordered to pay $6.9 million for setting a mandatory retirement age for physicians of 70, regardless of the doctors' interest or abilities. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult."

Persons: Larry Fink, behemoth BlackRock, Fink, Daniel Ross, Ross, he's, Emily Dickens, SHRM's, We've, Stacie Haller, Patrick Button, Button, ResumeBuilder.com, Gen, we've, Mother Jones, Lilly Organizations: Social Security, Lawyers, Society, Human Resources Management, US Chamber of Commerce, Tulane University, IBM, Employment, Commission, Scripps Medical Clinic, Employers Locations: Down, Texas, Austin, San Diego

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