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☆ These 10 U.S. states have America’s best economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.

Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida

☆ High-speed rail system from Las Vegas to Southern California breaks ground
▼ + stars: | 2024-04-22 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Officials broke ground Monday on a new high-speed rail system that will connect Southern California and Las Vegas. The Brightline West system, touted as the "first true high-speed rail system" in the U.S., will run across a 218-mile route between Las Vegas and three California stops including Rancho Cucamonga, about 40 miles east of Los Angeles. Brightline's first rail system launched in Florida and the route spans between Miami and Orlando. Trains reach speeds of up to 125 mph, connecting the two cities in about 3.5 hours. "People have been dreaming of high-speed rail in America for decades — and now, with billions of dollars of support made possible by President Biden's historic infrastructure law, it's finally happening," Buttigieg said in the release.

Persons: I'm, Pete Buttigieg, Joe Lombardo, it's, Buttigieg Organizations: Washington , D.C, Cucamonga, Infrastructure Law, CNBC, Brightline, Los Angeles Locations: Southern California, Las Vegas, London, Paris, Boston, Washington ,, U.S, California, Los Angeles, Nevada and California, Nevada, Florida, Miami, Orlando, America

☆ Brightline launches new route linking Miami and Orlando
▼ + stars: | 2023-09-22 | 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 EmailBrightline launches new route linking Miami and OrlandoCNBC's Morgan Brennan, with Brightline Chairman Wes Edens, join 'The Exhange' to discuss the start of Brightline's high-speed rail service from Orlando to South Florida, a tragic incident involving the company's train fatally striking a pedestrian in Delray Beach early Friday, and more.

Persons: Orlando CNBC's Morgan Brennan, Wes Edens Organizations: Orlando Locations: Miami, Orlando, South Florida, Delray Beach

The only other U.S. high-speed line is Amtrak's Acela service between Boston and Washington, D.C., which began in 2000. Brightline began planning in 2012. A 2018 partnership with Richard Branson's Virgin Group to rebrand Brightline as Virgin Trains USA quickly soured. According to the lawsuit, Brightline says Virgin “ceased to constitute a brand of international high repute, largely because of matters related to the pandemic." He said Brightline’s accommodations “compare really well to some of the best trains” he’s taken in Europe, where high-speed rail between cities is common.

Persons: Florida's Brightline, It's, Mike Reininger, John Renne, Brightline, ” Renne, Richard Branson's, Virgin “, hasn’t, Eric Flowers, ”, ” Brightline, Reininger, ” Reininger, Robert Barr, You’ve, Barr Organizations: MIAMI, Fortress Investment, West Palm Beach, D.C, Amtrak, Florida Atlantic University's Center for Urban, Environmental Solutions, Miami -, Richard Branson's Virgin Group, Virgin Trains USA, Virgin, Orlando Locations: United States, Miami, Orlando, West Palm, Southern California, Las Vegas, Boston, Washington, Florida, Tampa, Jacksonville, Miami - Orlando, London, U.S, West, County, We’re, Vero, Brightline’s Miami, South, Florida’s, Europe

☆ Branson, Virgin Group reputations at centre of $250 mln London court clash
▼ + stars: | 2023-07-03 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

LONDON, July 3 (Reuters) - British billionaire Richard Branson severely damaged Virgin Group's reputation by residing in a tax haven while UK-based airline Virgin Atlantic sought a government bailout during the pandemic, according to internal Virgin emails cited in a $250 million London lawsuit on Monday. The emails were cited by lawyers for U.S. train operator Brightline, which is being sued by the Virgin Group after cancelling a deal to use the Virgin brand in 2020, just over 18 months after it was signed. Under the deal Brightline operated a rail line in Florida using the name Virgin Trains USA. Brightline's lawyers cited internal Virgin Group emails describing group founder Branson being based in the British Virgin Islands for tax purposes as "a reputation killer", while one email from an external public relations adviser said: "Richard needs to show he's not a ruthless, tax-evading billionaire." In an April 2020 email, Virgin Group CEO Josh Bayliss referred to Branson's tax residency in relation to the request for a bailout, saying: "Richard cannot escape the criticism.

Persons: Richard Branson, Brightline, Branson, Richard, Josh Bayliss, Daniel Toledano, Virgin Atlantic's, Brightline's, Nigel Tozzi, Sam Tobin, Susan Fenton Organizations: Virgin Atlantic, U.S, Virgin Group, Virgin, Virgin Trains, British Virgin Islands, Real Madrid, Thomson Locations: Florida, British Virgin, Britain, United States, Barcelona, Bay

☆ A private train company just unveiled its snazzy new station at Orlando airport — see inside Brightline's 37,350-square-foot facility
▼ + stars: | 2023-04-23 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: 1 min

Passengers can access Brightline's station through a bright yellow entryway in terminal C. The rest of the airport is connected to the station via an automated people mover. Courtesy of Brightline

☆ High-speed train from Las Vegas to Los Angeles in the works after Brightline reaches agreement with unions on $10 billion project
▼ + stars: | 2023-03-04 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Brightline announced a deal with rail unions to build a 218-mile, high-speed line from Las Vegas to Los Angeles. The company plans to connect Las Vegas to Southern California via rail capable of traveling 200 mph. A Las Vegas tourism website estimates that a trip from Los Angeles to Las Vegas by car takes an average of four hours, depending on traffic conditions. The rail line is set to run from Las Vegas to Los Angeles, according to the company's website. The press release said the rail line will have stops in Rancho Cucamonga, Apple Valley, and Hesperia, California.

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