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The 2023 Global Traffic Scorecard report by INRIX, a transportation analytics company, found the typical U.S. driver lost 42 hours to traffic congestion — the equivalent of a full work week — that resulted in $733 worth of time lost. Congestion cost the U.S. more than $70.4 billion in 2023, a 15% increase from 2022. The report also states the return to the office post-Covid has continued to affect other modes of transportation. To rank the cities, INRIX looked at travel delay comparisons, collision trends, last-mile speeds, economic costs and time lost. Pishue says the biggest takeaway from the report was that of the urban areas studied globally, 78% saw increased traffic delays in 2023.
Persons: INRIX, Covid, Bob Pishue, Pishue Organizations: CNBC Locations: States, U.S
At large events all over the world, the scenes of extreme heat stress are starting to look familiar. And lines of the faithful — whether they seek religion, music, ballot boxes or sport — sweating under slivers of shade. And in many ways, that heavy toll was just the latest sign that crowd control and heat waves fueled by climate change are on a dangerous collision course. During India’s recent election, dozens of poll workers died on the job. Even as heat kills more people today than any other extreme weather event, there is still a dangerous cultural lag.
Organizations: Boy Scouts Locations: Saudi Arabia, South Korea, Australia, Europe, North America
CNN —Is Karen Read a rage-filled cop killer, or the convenient patsy of a vast police cover-up? That’s the question put to a Massachusetts jury on Tuesday in closing arguments of her murder trial in a case that has riveted the Bay State. After closing arguments Tuesday morning, the jury began deliberations at about 1:30 p.m. and continued for about three hours. A drunken Read then struck him with the vehicle and fled, leaving him to die in the snowy cold, prosecutors say. “Lie, obfuscate, manipulate, alter, and when they’re caught, they just excuse it away,” Jackson said in closing arguments.
Persons: CNN —, Karen Read, John O’Keefe, O’Keefe, Adam Lally, , Alan Jackson, ” Read, ” Eva Jenkins, Steven Senne, Michael Proctor, Read, , Proctor, Maura Healey, inexcusable ”, ” Jackson, Chloe –, Firefighters, ” Lally, O’Keefe’s, “ John, they’re, “ That’s, ” Aidan Kearney, Turtleboy, Kearney Organizations: CNN, Boston Police, Boston, Prosecutors, Norfolk Superior Court, Massachusetts State Police, WCVB, WBZ Locations: Massachusetts, State, Canton, Bourne , Massachusetts, Norfolk, Dedham , Massachusetts, Fairview
One is to fix problems with trim pieces, which can loosen and fall off the trunk, and the other is to address faulty motor controllers in the front windshield wipers. The report said a "non-functioning windshield wiper may reduce visibility in certain operating conditions, which may increase the risk of a collision." Tesla plans to replace the motor controller in the Cybertruck windshield wipers for customers. An earlier Cybertruck recall was issued to repair an accelerator pedal issue. The recall disclosures for the windshield wiper issue said that from Nov. 13, 2023, to Jun.
Persons: Tesla, , didn't, Elon Musk, Musk, Tesla's, It's Organizations: National, Traffic Safety Administration, Ford, Tesla Locations: U.S, Austin , Texas, China
CNN —Tesla has issued two recalls on the Cybertruck, its third and fourth, since the model was introduced late last year. An investigation by Tesla revealed that the piece had not been properly installed. Cybertruck owners will be asked to bring their trucks to a Tesla service center where the trim piece will either be replaced or installed properly with “adhesion promotor” and pressure sensitive tape. The trucks are also being recalled for a separate issue in the electric motor that powers the truck’s single huge windshield wiper. Tesla has previously recalled the Cybertruck for other issues.
Persons: CNN — Tesla, Tesla Organizations: CNN, Traffic
CNN —A police officer who was part of the security escort for Hungarian Prime Minister Viktor Orbán was killed in a traffic accident in the German city of Stuttgart on Monday. Orban was on his way to the airport, after watching Hungary defeat Scotland in a dramatic Euro 2024 match the previous evening. The Hungarian prime minister wasn’t harmed in the accident and continued his journey to Stuttgart Airport as planned, a police spokesperson told CNN. The 61-year-old officer was critically injured in the collision and later died in the hospital, according to police. We send our best wishes for a speedy recovery to our colleague who was also seriously injured in the accident,” Eisenbraun added.
Persons: Viktor Orbán, Orban, wasn’t, Markus Eisenbraun, , Eisenbraun Organizations: CNN, Hungarian, Hungary, Scotland, Stuttgart Airport, BMW, Locations: German, Stuttgart, Hungarian
How to trade Carnival before earnings using options
  + stars: | 2024-06-24 | by ( Michael Khouw | ) www.cnbc.com   time to read: +5 min
Both the dividend and debt levels have important implications for the stock's volatility, the price of options generally, and the relationship between the price of puts and calls. The trade All else equal, higher levels of corporate debt increase leverage and, therefore, the volatility of a company's equity. Carnival's options are nearly twice as expensive now as they were at the end of 2019, but the higher levels of debt justify higher prices. Typically, we do not recommend selling covered calls into earnings unless options prices are very high, as earnings provide a catalyst that can move a stock. In this case, an 8% implied move is substantial, but due to the high debt levels, it merely represents a fair price for the options.
Persons: Francis Scott Key Organizations: Management, CNBC, NBC UNIVERSAL Locations: Baltimore, Norfolk , Virginia
How China could take Taiwan without even needing to invade
  + stars: | 2024-06-21 | by ( Brad Lendon | ) edition.cnn.com   time to read: +12 min
“China has significantly increased pressure on Taiwan in recent years, stoking fears that tensions could erupt into outright conflict. China’s escalating gray zone tactics were on stark display this week as China Coast Guard vessels clashed with Philippine Navy boats in the South China Sea. In the 24 hours ending at 6 a.m. Friday, 36 Chinese military aircraft crossed into Taiwan’s air defense identification zone, Taiwan’s Defense Ministry says. Meanwhile, a quarantine, rather than a blockade, would not require China to close or restrict access to the Taiwan Strait, the CSIS report notes. Under its claims that Taiwan is Chinese territory, Beijing could require customs declarations to be filed before vessels can call in Taiwan.
Persons: CNN —, Beijing’s, Xi Jinping’s, Bonny Lin, Brian Hart, Matthew Funaiole, Samantha Lu, Tinsley, stoking, Adm, Dong Jun, , Dong, China’s, , Joe Biden, Rong Xu, Carl Schuster, ” Schuster, Alessio Patalano, Sidharth Kaushal, Patalano Organizations: CNN, Communist Party, Center for Strategic, International Studies, China Coast Guard, CSIS, TAIWAN, GUARD, People’s Liberation Army, PLA, Chinese Defense, Philippine Navy, Taiwan Relations, White, PLA Navy, Maritime Safety Agency, Taiwan’s Defense Ministry, Bloomberg, Getty, , Pacific Command’s Joint Intelligence Center, Taipei, King’s College, Taiwan’s Ministry of Economic Affairs, Imports, Royal United Services Institute Locations: Taiwan, Ukraine, China, Washington, United States, Pengjia, Beijing, Singapore, South China, Manila, Second, Philippines, Taiwan’s, Taiwan Strait, Port, Taichung, Kaohsiung, London, Covid
By providing diagnostics and recalibration of the high-tech systems in modern vehicles, the company hopes to decrease costs associated with EV ownership and repairs. The existing collision repair industry is well-equipped to handle most physical fixes like replacing a bumper, a busted windshield, brakes and paint or adjusting alignment. But for many collision repair centers and auto dealerships, ensuring all sensors, software and computers are working properly can prove time-consuming and expensive. Kinetic puts its robotic systems and technicians to work helping these shops and dealerships fix the finicky, "digital" aspects of customers' cars. Then Kinetic's software, which is connected to the vehicle's systems, will initiate and track the completion of those fixes.
Persons: Power, Nikhil Naikal Organizations: EV Locations: U.S, Santa Ana, California
Hong Kong CNN —Manila has accused China of injuring Filipino personnel and damaging Philippine vessels during a South China Sea collision earlier this week, as tensions simmer over territorial disputes in the resource-rich and strategically important waterway. CNN has reached out to the Department of Foreign Affairs, the Armed Forces of the Philippines and the Philippine Coast Guard for comment. China claims “indisputable sovereignty” over almost all of the South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. A supply ship and two rubber boats from the Philippines had attempted to “illegally” deliver supplies to the stranded warship, China Coast Guard spokesperson Gan Yu said. China’s Coast Guard also said it took measures including “warnings and interceptions, boarding inspections and forced evictions” against the Philippine vessels.
Persons: Shoal, , Lin Jian, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Ren’ai Jiao, Thomas, China’s, , Gan Yu, Matthew Miller Organizations: Hong Kong CNN —, Philippine Department of Foreign Affairs, Associated Press, Philippine Department of Foreign, CNN, Department of Foreign Affairs, Armed Forces, Philippine Coast Guard, Times, China Coast Guard, Foreign Ministry, Chinese Coast Guard, Philippine, South China, BRP, BRP Sierra Madre, Philippine Navy, China’s Coast Guard, US State Department Locations: Hong Kong, Hong Kong CNN — Manila, China, Philippines, Spratly, Philippine, South, South China, Manila, The Hague, Beijing, Palawan, Vietnam, Malaysia, Brunei, Taiwan, BRP Sierra, China’s, States
China claims “indisputable sovereignty” over almost all of the South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. China had “obstructed the Philippines from executing a lawful maritime operation in the South China Sea, interfering with the Philippines’ freedom of navigation,” Campbell said, according to a State Department readout. The Chinese coast guard on Monday said a Philippine supply ship “ignored China’s repeated solemn warnings” and “deliberately and dangerously” approached a Chinese vessel in “an unprofessional manner,” resulting in a collision. China Coast Guard spokesperson Gan Yu on Monday accused the Philippines of “illegally” delivering supplies to the stranded warship. It should now be clear to the international community that China’s actions are the true obstacles to peace and stability in the South China Sea.”
Persons: Shoal, Manila MaryKay Carlson, China’s, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Matthew Miller, Kurt Campbell, Foreign Affairs Maria Theresa Lazaro, ” Campbell, , , Francel Margareth Padilla, Adrian Portugal, Ren’ai Jiao, Thomas, Gan Yu, Gan, ” Gan, Jay Tarriela, Gilberto C, Teodoro , Jr Organizations: Hong Kong CNN, Philippine, US State Department, Foreign Affairs, Department, Guard, Philippine Coast Guard, Reuters, China Coast Guard, BRP, BRP Sierra Madre, Philippine Navy, Chinese Coast Guard, CNN, Armed Forces, ( Armed Forces, Philippine Defense Locations: Hong Kong, United States, China, Philippines, Philippine, Second, Spratly, South China, Manila, South, Beijing, The Hague, Palawan, Vietnam, Malaysia, Brunei, Taiwan, BRP Sierra, Thomas Shoal, , West Philippine
“Five passengers have died and 25-30 injured in the accident,” Darjeeling police superintendent Abhishek Roy told reporters from the crash site. People gather around the wreckage of a train after a collision in West Bengal, India on June 17, 2024. But decaying infrastructure is often cited as a cause for traffic delays and numerous train accidents. More than 16,000 people were killed in nearly 18,000 railway accidents across the country in 2021, according to the National Crime Records Bureau. Most railway accidents were due to falls from trains and collisions between trains and people on the track.
Persons: Mamata Banerjee, Abhishek Roy, ” Roy, Banerjee, , Narendra Modi Organizations: CNN, West Bengal, Mamata Banerjee . Disaster, Kanchenjunga Express, India, National Crime Records Locations: India, Kolkata, Silchar, Assam, Siliguri, Darjeeling, New Jalpaiguri, West Bengal, Odisha
“The James Webb Telescope: Are We Alone?” on The Whole Story With Anderson Cooper offers an inside look at the most powerful telescope ever built. The Beta Pictoris system, located just 63 light-years from Earth, has long intrigued astronomers because of its proximity and age. “So I was super excited to reobserve this system in 2023 using the James Webb Space Telescope,” Chen said. The dust was then pushed out of the planetary system by radiation from the central star, which is slightly hotter than our sun. But the powerful Webb telescope was unable to detect any dust.
Persons: James Webb, Anderson Cooper, Pictoris, Christine Chen, , , ” Chen, Beta, Chen, Webb, JWST, Cicero Lu, Johns Hopkins, Spitzer, Kadin Worthen, “ We’re Organizations: CNN, Beta, Johns Hopkins University, American Astronomical Society, Spitzer, Telescope, Johns, Johns Hopkins Locations: Baltimore, Madison , Wisconsin
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. Toyota took the crown with 10.7% market share, while Germany's Volkswagen came in second with a 6% market share. But for Toyota, the top automaker by market share in the world, the latest safety scandal is not the first time it's being investigated for false test data. In April last year, Daihatsu said it had rigged side-collision safety tests carried out for 88,000 small cars, most of those sold as Toyotas.
Persons: Akio Toyoda, Tomohiro Ohsumi, Germany's Volkswagen, that's, Toyota —, Suzuki, Toyoda, Hino Organizations: Toyota Motor Corp, Toyota, Getty, Germany's, Honda, country's Ministry of Land, Transport, Mazda, Suzuki Motor, Yamaha Motor, Corolla Fielder, Corolla, Daihatsu, Citi Locations: Tokyo, Japan, Infrastructure, Tourism
CNN —Waymo issued a recall for its 672 driverless cars to make them less likely to drive into telephone poles. The recall follows a May 21 accident in Phoenix, Arizona, in which a Waymo driverless car hit a telephone pole that was installed in the roadway in an alley. The vehicle was pulling over to pick up a passenger when it struck the pole at low speed, according to Waymo. While the car was severely damaged, no one was hurt, according to documents Waymo filed with the National Highway Traffic Safety Administration. The recall applies only to the fleet of modified Jaguar I-Pace SUVs Waymo owns and operates itself.
Persons: CNN — Waymo, Waymo Organizations: CNN, National, Traffic Safety Administration, Pace, Waymo, Traffic Administration, Google Locations: Phoenix , Arizona, Phoenix , Los Angeles, San Francisco
Now, a new study that looked at 5 million stars in the Milky Way galaxy suggests that seven candidates could potentially be hosting Dyson spheres — a finding that’s attracting scrutiny and alternate theories. If Dyson spheres really exist, what could they be used for? “Freeman Dyson said that we should dismantle Jupiter — the whole planet (for the raw materials).”That supercolossal scale probably means that Dyson spheres, if they exist at all, are very rare. “However, contamination by circumstellar debris disks, which mimic Dyson Sphere infrared signatures, remains a concern,” he added in an email. However, he added, the radiation fingerprint of the seven Dyson sphere candidates might be explained by natural phenomena as well.
Persons: Freeman Dyson, , Dyson, Olaf Stapledon’s, George Dyson, , Freeman J, couldn’t, Matías Suazo, Suazo, , Webb, that’s, Gabriella Contardo, NASA’s James Webb, ” Suazo, “ Freeman Dyson, Jason Wright, James Webb, , Leslie Surginer, ” George Dyson, Tomotsugu Goto, Zaza Osmanov, ” Osmanov, George Organizations: CNN, Institute of, , , AP, Dyson, SETI Institute, Fermi, Accelerator Laboratory, Fermilab, Royal Astronomical Society, Uppsala University, NASA, Survey, JPL, ESA, European Space Agency, Micron, Sky Survey, University of Massachusetts, Jet Propulsion Laboratory, International School, Studies, Telescope, Penn State University, James Webb Space Telescope, William Press, Computer Science, University of Texas, Tsing Hua, SETI, of Physics, Free University of Tbilisi Locations: British, Princeton , New Jersey, Sweden, Trieste, Italy, Austin, Tsing Hua University, Taiwan, Georgia
CNN —Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. Rental car companies may have overestimated their customers’ readiness for a switch, though. In my case, I’ve rented EVs from Turo, a peer-to-peer car rental platform that’s sort of like Airbnb but for cars. Customer service as keyJoulez, an EV rental company, rents its fleet through its own website as well as through Turo. But not everyone has such a bad time when renting an EV from a big rental car company.
Persons: Lydia Wu, Wu, EVs, Hertz, Stephen Scherr, it’s, ” Hertz, Doug Jensen, Tesla, , , ” Wu, I’ve, Micah Bergdale, they’re, Joulez, Jay Waldron, Waldron, Kia Organizations: CNN, Avis, Cox Automotive, Tesla, General Motors, Hertz, Kia, EV, Turo, Hyundai Kona EV, National Locations: Kansas City , Kansas, Hertz, San Diego, it’s, Polestar, New York City, , Turo, Georgia, Washington, DC
The pilots of the Delta flight aborted their takeoff run following a frantic call from the air traffic controller in the tower. The two planes came within 1,400 feet of colliding, NTSB data released earlier this year found. It also follows two recent runway incursions at Ronald Reagan Washington National Airport, including one being investigated by the NTSB. Known as ASDE-X, the NTSB says the system helped stop the impending collision at JFK, but it is deployed at only 35 major airports in the United States. Such a recording would have provided key details about what happened, the NTSB said.
Persons: John F, Ronald Reagan, we’ve, Jennifer Homendy, Homendy Organizations: CNN, Kennedy International, National Transportation Safety Board, American Airlines Boeing, Delta Air Lines Boeing, NTSB, Federal Aviation Administration, JFK, Thursday’s NTSB, FedEx, Ronald Reagan Washington National Airport, FAA Locations: JFK’s, Thursday’s, Austin , Texas, Southwest, Ronald Reagan Washington, JFK, United States
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. The wide-ranging fraudulent testing at Japan's top automaker involved the use of inadequate or outdated data in collision tests, and incorrect testing of airbag inflation and rear-seat damage in crashes. Toyota Motor Corp ., based in Toyota city, central Japan, suspended production in the country of the Corolla Fielder, Corolla Axio and Yaris Cross.
Persons: Akio Toyoda, Toyoda Organizations: Toyota Motor Corp, Toyota, Corolla Fielder, Corolla, Lexus Locations: Tokyo, Japan, Toyota
Tokyo — A safety test scandal at Japanese automakers widened Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan’s transport ministry found irregularities in applications to certify certain models. The automakers were found to have submitted incorrect or manipulated safety test data when they applied for certification of the vehicles. The ministry ordered Toyota (TM), the world’s biggest carmaker by the number of vehicles sold, Mazda and Yamaha to suspend shipments of some vehicles. In a report to shareholders, ISS singled out the “spate of certification irregularities” at the Toyota Group. Toyota said it had temporarily halted shipments and sales of three car models made in Japan.
Persons: Suzuki, Glass Lewis, Akio Toyoda, Toyoda, , Yoshimasa Hayashi Organizations: Toyota Motor, Mazda, Honda, Yamaha Motor, Toyota, Yamaha, Daihatsu, Services, ISS, Toyota Group, Government, Corolla Fielder, Corolla, Lexus, RF Locations: Tokyo, Japan
That makes sense to me given how exquisitely complex real-world ethics are, as much as we may yearn for black-and-white morality tales. With that in mind, I’d like to offer this highly personal road map for thinking about the war. Here’s a set of morally complicated, sometimes contradictory principles for a nuanced approach to sort out the issues. We think of moral issues as involving conflicts between right and wrong, but this is a collision of right versus right. Israelis have built a remarkable economy and society and should have the right to raise their children without fear of terror attacks, while Palestinians should enjoy the same freedoms and be able to raise their children safely in their own state.
Persons: I’ve Locations: Gaza
CNN —Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted. The recall affects certain 2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y vehicles. The remedy will remove dependency on the driver seat occupancy sensor from the software and only rely on driver seat belt buckle and ignition status to activate the seat belt reminder signals, the NHTSA said. Tesla had recalled 200,000 Model S, X, and Y vehicles in the US in January due to a software malfunction that could obstruct drivers’ visibility while reversing.
Persons: Tesla Organizations: CNN, Traffic Safety Administration, NHTSA Locations: United States
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. The company said it will expand its delivery area in College Station, Texas, one of the cities where it has been conducting tests. The technology has been a key tool for other drone delivery companies, such as Zipline, looking to operate beyond visual line of sight, or BVLOS. The e-commerce giant's drone delivery service, Prime Air, has struggled since Amazon founder Jeff Bezos laid out his vision for the program more than a decade ago. Last month, Amazon said it would end its drone operations in California and begin deliveries in Phoenix, Arizona, later this year.
Persons: Amazon, Jeff Bezos Organizations: U.S, Amazon, Federal Aviation, College Station ,, Prime Air, Station ,, Prime Locations: Westborough , Massachusetts, College Station, College Station , Texas, Station, Station , Texas, Houston, Sacramento, California, Phoenix , Arizona
CNN —A Michigan State Police detective has been charged with murder after investigators say he fatally struck a fleeing suspect with an SUV last month near Grand Rapids, state prosecutors announced. Sterling fell to the ground and began yelling and groaning about pain in his back, body-worn police camera footage shows. Keely, 50, has been charged with one count of second-degree murder, which carries a life sentence, as well as an alternative charge of involuntary manslaughter, Michigan Attorney General Dana Nessel announced Tuesday. Brian Keely Michigan State Police)“Detective Sergeant Keely’s actions that day were legally, grossly negligent and created a very high risk of death or great bodily harm, which could have otherwise been prevented,” Nessel said. Keely was suspended from his position following the incident, Michigan State Police Director Col. James Grady II said last month.
Persons: Sgt, Brian Keely, Samuel Sterling, Sterling, Keely, Dana Nessel, ” Nessel, James Grady II, Grady, it’s, ” Grady, Ven Johnson, , , Marc Curtis, ” Johnson, Sterling “, ” Curtis Organizations: CNN, Michigan State Police, Michigan Department, Sterling, Brian Keely Michigan State Police, WWMT, Authorities, Marshall’s, Force Locations: Grand Rapids, Kentwood, Michigan, Burger
Hiring stays strong for low earners, Vanguard finds
  + stars: | 2024-05-30 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +1 min
The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hires rate for the bottom third of workers by income (who earn less than $55,000 a year) was 1.5% in March, where it has largely hovered since September 2023, according to a new Vanguard analysis. on a collision course with white-collar, high-paid jobsSome jobs still seeing relatively big annual raisesHow to spot and overcome 'ghost' jobsThe hires rate gauges the number of new hires as a share of existing employees. By comparison, it was lower — about 1.2% to 1.3% — in the months leading up to the Covid-19 pandemic, Vanguard found. Vanguard is among the nation's largest 401(k) plan administrators.
Persons: Adam Schickling Organizations: Vanguard, Finance
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