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☆ Up to $400 to change a lightbulb? Appliance repair costs are no joke
▼ + stars: | 2024-09-20 | by ( Stephanie Dhue | Stephanie-Dhue | ) www.cnbc.com time to read: +8 min

It sounds like the setup to a lightbulb joke: How much does it cost to change a microwave bulb? While my lightbulb situation may be somewhat unique, experts say it is not uncommon to learn the cost of repairs is more than the cost to replace an appliance. Figuring out the cost for a repairMy first call to repair our microwave was to the appliance store where I made the purchase. Several states — including California, Maine, Massachusetts, Minnesota and New York — have implemented so-called "right to repair" laws. Some products designed 'with a hostility to repair'Consumer advocates say state laws and the FTC actions help, but haven't solved the problem.

Persons: Stephanie Dhue's, Stephanie Dhue, Gay Gordon, Byrne, Gordon, they're, Nathan Proctor, we've, Alex Reinauer, Proctor Organizations: GE, GE Appliances, U.S ., Getty Images, Federal Trade Commission, Competitive Enterprise Institute, Consumer, FTC Locations: California , Maine , Massachusetts, Minnesota, New York, Colorado, Oregon, South Dakota, France

☆ It's not always 'a sexy thing' to be a millionaire, former NFL linebacker Brandon Copeland says. Here's why
▼ + stars: | 2024-09-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Brandon Copeland Copeland MediaBrandon Copeland is a former NFL linebacker turned coach. Brandon Copeland: Feeling unprepared for some of the major financial decisions in life. I think that's important to start to develop your stomach. I always break that down as, that's a lot of Chipotle burritos, that's a lot of dinners, that's a lot of time with my family at the water park. Brandon Copeland Copeland MediaGI: One of the first things that you encourage people to do in the book is say aloud to themselves, "I can be wealthy."

Persons: Brandon Copeland Copeland, Brandon Copeland Copeland Media Brandon Copeland, gravitates, —, Cope, Copeland, Greg Iacurci, Brandon Copeland, That's, you've, Bloomberg —, I'm, it's Organizations: Brandon Copeland Copeland Media, NFL, National Football League, University of Pennsylvania's Wharton School, New York Jets, CNBC, Financial Wellness Advisory Board, Athletes.org, Orlando, Baltimore Ravens, NFL Players Association, Lions, Yahoo Finance, Wall Street Journal, Bloomberg Locations: isn't, New Jersey, Detroit

☆ The plot to topple Putin
▼ + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com time to read: +32 min

But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.

Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, —, Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia

Chase Sapphire Reserve® OverviewThe Chase Sapphire Reserve® is one of the best travel rewards credit cards of all time. Chase Sapphire Lounges will be available to Chase Sapphire Reserve® cardholders and all Priority Pass members. Chase Sapphire Reserve® vs. Chase Sapphire Preferred® CardIf you're trying to decide between the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, you'll want to decide if each card's annual fee is justified based on your travel and spending habits. Chase Sapphire Reserve® Cardholder InsightsAs part of our analysis of the Chase Sapphire Reserve®, we've considered discussions across various forums, including notable mentions on Reddit and FlyerTalk. Chase Sapphire Reserve® Frequently Asked QuestionsWhat credit score do you need to get the Chase Sapphire Reserve®?

Persons: Chase, Chase Travel ℠, you'll, Sapphire, John F, Chase Sapphire, You'll, Uber Cash, we've, you'd, you've, they'll, David E, David, —, Read, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Angela Fung Organizations: Business, American, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Chase Dining, American Express, Hong Kong International Airport, New, Kennedy, LaGuardia, Rental Insurance, Avis, Avis , National, Emergency, Transportation, Sapphire Reserve, Reserve, Capital, Venture, Centurion, overpaying, Yorker, Muhlenberg College, University of Edinburgh, Twitter, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: DoorDash, airfare, Boston, Austin, Canada, Avis ,, Seattle, Redbird, Los Angeles, Healdsburg , California, New York City, Chicago, Reddit, Dallas , Denver, Dulles, Las Vegas, New York, Hong Kong, Chevron, There's, Slotnick, Scotland, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan

☆ Surging US unemployment has triggered a recession indicator with a perfect track record
▼ + stars: | 2024-08-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Read previewA closely watched recession indicator flashed on Friday after a weak July jobs report showed an unexpected surge in the unemployment rate. The Sahm Rule, created by former Federal Reserve official Claudia Sahm, triggers when the unemployment rate's three-month moving average moves 50 basis points above its 12-month low. That rule was triggered on Friday, with the moving average rising 53 basis points above that one-year trough, according to the real-time Sahm Rule Recession Indicator from the St. Louis Federal Reserve. The only misfire for the rule was in 1959, but even then, a recession started just five months after the Sahm Rule flashed. But Sahm herself wrote in a Substack post last week that "the rise in the unemployment rate is not as ominous as it would normally seem."

Persons: —, Claudia Sahm, Bill Adams, Sahm, hasn't Organizations: Service, Federal Reserve, Business, Louis Federal Reserve, Bank of America, Comerica Bank, Fed

☆ Stock market today: Indexes struggle for direction as investors await wave of data
▼ + stars: | 2024-07-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks closed mixed as investors awaited a wave of data this week, from earnings to the July jobs report. 171 S&P 500 companies, including Apple, Microsoft, and Amazon, will report Q2 earnings this week. AdvertisementUS stock indexes closed mixed on Monday as investors awaited a massive wave of data this week. AdvertisementAmid the steady stream of earnings data, investors will also turn their attention to the Federal Reserve's FOMC meeting on Wednesday. AdvertisementThe jobs report will help inform the Federal Reserve's interest rate policy going forward, as the Fed balances a steady economy with a falling inflation rate.

Persons: —, Jerome Powell, Fawad Razaqzada, Forex.com Organizations: Apple, Microsoft, Service, Federal, Business

“I’ve never seen a Republican or Democratic pothole,” Mr. Dandoy, 71, a retired high school English teacher, would tell voters. One spectator was dead at Donald J. Trump’s campaign rally on the farm show grounds, two more were critically injured. E-mailers charged that the city failed to protect Mr. Trump, maybe even wanted him to be a target. Callers demanded that the city admit that Mr. Trump’s supporters staged the shooting. The mayor has tried to remind everyone that Butler is a community that accomplishes good things, that has worked through disagreements together.

Persons: Butler, Bob Dandoy, “ I’ve, Mr, Dandoy, Donald J, Trump, Trump’s Organizations: Republican, Democratic, Secret Service, Mr Locations: Pa, texted

☆ The next front in U.S.-China tech battle? Underwater cables that power the global internet
▼ + stars: | 2024-07-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Subsea cables are the backbone of the internet, carrying 99% of the world's data traffic. What are subsea cables? Subsea cables are the backbone of the global internet, carrying 99% of the world's intercontinental data traffic. More recently, U.S. tech giants including Meta, Google, Microsoft, and Amazon have invested significant sums to lay down their own cables. Many international subsea cable projects are reportedly circumventing China today due to concerns over data security and Beijing's expanding geopolitical influence.

Persons: TeleGeometry, Andy Champagne, Joe Vaccaro, Vaccaro Organizations: Photodisc, Getty, Yemen's, U.S, Asia America Gateway, Akamai Labs, CNBC, Cisco, Meta, Google, Microsoft, Amazon, U.S ., Echo, State Department, Wall Street, Submarine Systems, Team Telecom Locations: Yemen's Iran, China, Ireland, Asia, U.S, U.S . West Coast, Singapore, Indonesia, Africa, Europe, Pacific, Estonia, Hong Kong

☆ Richard Simmons, fitness personality and TV host, dead at 76
▼ + stars: | 2024-07-13 | by ( Dan Heching | Zoe Sottile | ) edition.cnn.com time to read: +5 min

CNN —Richard Simmons, the perennial 1980s workout personality who was defined by his uplifting spirit, has died, according to his longtime publicist Tom Estey. From 1980 to 1984, Simmons hosted the “Richard Simmons Show,” which had a focus on personal health and fitness. In 2003, Simmons told CNN that his experience as an overweight child eventually put him on a path toward fitness. Recent celebrationFor his birthday, Simmons wrote on X on Friday, “Thank you…I never got so many messages about my birthday in my life! I am grateful that I’m here, that I am alive for another day,” Simmons said at the time.

Persons: Richard Simmons, Tom Estey, Estey, Simmons, “, ” Estey, ’, Johnny Carson ”, Jay Leno, David Letterman, ”, “, ‘, Richard, Pauly Shore, ” Simmons, that’s, Shore, …, Love, “ I’ll, Elizabeth Wagmeister Organizations: CNN, Los Angeles Police Department, Fire Department, LA County Medical, Hollywood, Facebook, Wolper Organization, Warner Bros, Sundance Film Locations: “, Beverly Hills, Pauly

☆ Anant Ambani and Radhika Merchant wedding: Celebrity guests arrive for lavish star studded ceremony
▼ + stars: | 2024-07-12 | by ( Oscar Holland | Leah Dolan | ) edition.cnn.com time to read: +8 min

Attendees dressed the part, streaming past photographers in custom sarees, lehengas and kurtas at an event that may set forthcoming trends in Indian wedding fashion. A lavish affairThe Ambani family has remained tight-lipped about proceedings in the build-up to Friday’s wedding, though rumors about the guest list and the identity of star performers have swirled in recent weeks. The celebrated couturier produced bespoke outfits for various members of the Ambani family throughout the month-long wedding celebrations. Sujit Jaiswal/AFP/Getty ImagesIt is not known precisely how much money the Ambani family has spent on the pair’s wedding celebrations. The weekend schedule concludes seven months of build-up to what has been described India’s wedding of year.

Persons: Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Nick Jonas, Priyanka Chopra, Tony Blair, Rajinikanth, Sanjay Dutt, Ram Nath Kovind, Anant’s, Mukesh, John Cena, Francis Mascarenhas, Law Roach, Cherie Blair, Nick Jonas sparkled, sequins, Jonas, Prabal Gurung, Khloé, Nita Ambani, “ reimagine, Abu Jani Sandeep Khosla, Vijay Kumar, Monika Maurya, Ambani, Manish Malhotra, ”, Justin Bieber, haldi, Viren, Shaila Merchant, Anat Ambani, Mukesh Ambani, Nita, Sujit Jaiswal, Devanshi Zaveri, Jenica Kothari, It’s, …, —, Mark Zuckerberg, Bill Gates, Ivanka Trump, Rihanna, Pitbull, Isha, Anand Piramal Organizations: CNN, British, team, Reliance Industries, Forbes, Reuters Former British, Reuters International, New York Fashion, Brown University, Reliance, Encore Healthcare, Backstreet Boys, Beyoncé Locations: Mumbai, Varanasi, India’s Uttar Pradesh, AFP, ”, Antilia, Europe

☆ Is inflation Biden's or Trump's fault? The answer isn't so simple, economists say
▼ + stars: | 2024-07-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

"He caused the inflation," Trump said of Biden during the June 27 debate. "He decimated the economy, absolutely decimated the economy," Biden said. 'Neither Trump nor Biden is to blame'Global events beyond Trump's or Biden's control wreaked havoc on supply-and-demand dynamics in the U.S. economy, fueling higher prices, economists said. "In my view, neither Trump nor Biden is to blame for the high inflation," said Mark Zandi, chief economist at Moody's Analytics. For example, Trump imposed tariffs on imported steel, aluminum and several goods from China, which Biden largely kept intact.

Persons: Donald Trump, Joe Biden, Andrew Harnik, Trump, Biden, David Wessel, Mark Zandi, Mario Tama, Wessel, Zandi, Stephen Brown, —, Michael Strain, Strain Organizations: Getty, Federal Reserve, Biden, Trump, Hutchins, Brookings Institution, Finance, Social Security, Medicare, Moody's, Port, International Monetary Fund, North, Capital Economics, American, American Enterprise Institute, Federal, U.S Locations: Atlanta, U.S, Ukraine, China, Port of Los Angeles, San Pedro , California, North America, It's

☆ Anant Ambani, Radhika Merchant wedding: Everything you need to know about India’s wedding of the year
▼ + stars: | 2024-07-03 | by ( Rhea Mogul | ) edition.cnn.com time to read: +11 min

Extravagant pre-wedding celebrations have already sent Indian media into a frenzy and social media feeds are abuzz over what’s to come. Anant Ambani and Radhika Merchant at their pre-wedding celebrations in Jamnagar, Gujarat, India on March 1, 2024. The Ambani pre-wedding celebrations had elaborate floral arrangements. Actor Ranveer Singh and his wife and actor Deepika Padukone pose for a photo during the pre-wedding celebrations earlier this year. Coordinating with Merchant, Ambani also wore a custom black suit designed by Wun, encrusted with jewels.

Persons: Anant Ambani, Radhika Merchant, Mark Zuckerberg, Bill Gates, partygoers, Katy Perry, Andrea Bocelli, Mukesh, Nita Ambani –, Reuters Ambani, Mukesh Ambani, Ambani, Anant, Viren Merchant, Nita, Manish Malhotra, ”, Merchant, “, Radhika, Mangal Utsav, Vishnu, Nita Ambani, Manish Malhotra Malhotra, Ranveer Singh, Deepika Padukone, Malhotra, Sabyasachi Mukherjee, Tarun Tahiliani, lehenga, Manish Malhotra Ambani’s, Rohit Bal, Lorraine Schwartz, Versace, Blake Lively, Robert Wun, ” Mareesha, Salman Khan, Ram Charan, Shah Rukh Khan, Aamir Khan, Narendra Modi, ” Parikh, Vanessa Almeida, Jamnagar Organizations: CNN, Backstreet Boys, Convention, Reliance Industries, Reuters, Bloomberg, Brown University, Reliance, pharma, Viren, Encore Healthcare, New York University, Vogue, sangeet, Sangeet, Merchant, All India Traders Locations: what’s, Jamnagar, Europe, Mumbai, Gujarat, India, Jamnagar ., Bharatnatyam, Agra, Uttar Pradesh, Hong Kong, Goa

☆ Australia MONA: Why Picasso pieces are on display in a ladies’ restroom inside a museum
▼ + stars: | 2024-06-25 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

“While the Ladies Lounge undergoes a series of reforms to meet the exemptions required for reopening, I’ve been doing a little redecorating. “Some Cubism in the cubicles.”The Picasso works were moved into a fully functioning restroom for women. ‘Ladies Lounge’ closed“We never had female toilets at Mona before, they were all unisex. But then the Ladies Lounge had to close thanks to a lawsuit brought on by a man. Jason Lau, a visitor from New South Wales was barred from entering the “Ladies Lounge” exhibit on April 1 in 2023.

Persons: Picasso, Pablo Picasso, Kirsha Kaechele’s, –, ”, MONA, Kaechele, I’ve, Australia Kaechele, Charlotte Vignau, “, David Walsh, Jason Lau, Lau Organizations: CNN, Tasmania’s Museum of, Tasmanian Civil, Museum of Locations: Australia, ”, Hobart, Tasmania, Mona, New South Wales, state’s

☆ 7 reasons Nvidia is poised to soar 67% as its rally continues for the next 2 years, according to a Wall Street research firm
▼ + stars: | 2024-06-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Constellation Research said Nvidia stock will soar 65% to $200 per share over the next year. The research firm said it expects Nvidia stock to continue soaring for the next 18 to 24 months as it benefits from its AI dominance. These are the seven reasons Wang expects Nvidia stock to soar 65% from current levels. You're going to be locked in for quite some time and they've got quite a lead in terms of doing that." Wang isn't the only analyst on Wall Street with a $200 price target for Nvidia stock.

Persons: —, Ray, Wang, Jensen Huang, It's, Larry Ellisons, scott Mcnealys, Mark Zuckerbergs, they've, Wang isn't, Rosenblatt Organizations: Constellation Research, Nvidia, Service, Constellation, CNBC, Microsoft, Intel, Cisco, Wall Locations: that's

☆ Scientists finally think they know why giraffe necks are so long
▼ + stars: | 2024-06-17 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +6 min

In the 19th century, Charles Darwin and Jean Baptiste Lamarck suggested that giraffes evolved long necks to help them snatch leaves on trees. A later theory usurped Darwin and Lamarck's, suggesting that male giraffes evolved long necks to fight and compete for female mates. "I realized that the important question was, 'Do males have proportionally longer necks compared to the rest of their body?'" Cavener said this may be the first study to suggest that females, not males, are the reason for giraffes' long necks. That's important not only for understanding giraffe evolution but how male and female giraffes behave differently, which could help with conservation efforts.

Persons: —, Charles Darwin, Jean Baptiste Lamarck, Darwin, Lamarck, Douglas Cavener, wasn't, Cavener, Art Wolfe, Zoe Raw, Raw Organizations: Service, Business, Biology, Penn State, International Union for Conservation Locations: Tanzania, Kenya, East Africa, Darwin, bushmeat

☆ The Dow Jones will eclipse 100,000 on a 'turbo booster' combo of earnings growth and Fed rate cuts, Wall Street CIO says
▼ + stars: | 2024-06-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Interest rate cuts and continued earnings growth will power the Dow Jones to above 100,000 within the next decade. AdvertisementA powerful cocktail of earnings growth and interest rate cuts will serve as a "turbo booster" for stock prices and power the Dow Jones Industrial Average to over 100,000. And if the Fed doesn't cut interest rates this year, that won't derail Demmert's bullish forecast because earnings growth remains strong and resilient. "Yes, the AI tech stocks trade at much higher multiples than most stocks - but deservedly so given their premium growth rates," Demmert said. For the Dow Jones to hit 100,000, it would need to grow at a compounded annual growth rate of 11.2% over the next nine years.

Persons: Dow Jones, James Demmert, Demmert, — Organizations: Research, Service, Dow Jones, Street Research, Federal

☆ Trump to meet with Republican senators
▼ + stars: | 2024-06-10 | by ( Olympia Sonnier | Frank Thorp V | ) www.cnbc.com time to read: +1 min

Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. (Photo by Eva Marie Uzcategui/Getty Images)Former President Donald Trump will meet with a group of Republican senators in Washington, D.C., this week, four sources with knowledge of the meeting told NBC News. Trump will meet with the senators on Thursday after addressing the Business Roundtable, a lobbying group. Sen. John Barrasso, R-Wyo., told fellow GOP senators in an e-mail obtained by NBC News that he invited Trump to meet with Republican senators. "I believe it will be helpful to hear directly from President Trump about his plans for the summer and to also share our ideas for a strategic governing agenda in 2025," wrote Barrasso, who is the No.

Persons: Donald Trump, Eva Marie Uzcategui, Sen, John Barrasso, Trump Organizations: U.S, Mar, Washington , D.C, NBC News, Trump, Business, Republican, Social Security, America Locations: Lago, West Palm Beach , Florida, New York, Washington ,

☆ Attorney General looking into attempted foreclosure of Elvis Presley’s Graceland home
▼ + stars: | 2024-05-23 | by ( Isabel Rosales | Chris Youd | ) edition.cnn.com time to read: +3 min

CNN —Tennessee Attorney General Jonathan Skrmetti is looking into the attempted foreclosure auction of Elvis Presley’s iconic Memphis home, known as Graceland, by an alleged private investment company. On Wednesday, Naussany Investments and Private Lending LLC dropped its foreclosure efforts against Graceland. Danielle Riley Keough, Presley’s granddaughter and heir, filed a lawsuit earlier this month to halt the foreclosure sale claiming Naussany Investment’s paperwork was bogus and an attempt to defraud the family. Naussany Investments produced paperwork that Lisa Marie Presley defaulted on a $3.8 million loan, prior to her 2023 passing, and used Graceland as collateral, according to court documents. Even the notary public whose name appeared on the disputed document, told the court in an affidavit that they had never notarized Lisa Marie Presley’s signature.

Persons: Jonathan Skrmetti, Elvis Presley’s, Danielle Riley Keough, Presley’s, ”, Lisa Marie Presley, “ Lisa Marie Presley, Lisa Marie Presley’s, Presley, Elvis, Alicia Owens Organizations: CNN, Tennessee, Naussany Investments, State of, Graceland, Tennessee Department, Financial, Investments, Private, Department Locations: Memphis, Graceland, Shelby County , Tennessee, State, State of Tennessee, Tennessee, Kimberling City , Missouri

☆ Judge rules Exxon can sue activist shareholder over climate proposal
▼ + stars: | 2024-05-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A federal judge in Texas on Wednesday said Exxon Mobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about its future effect on shareholder resolutions. Exxon sued the two investors in January after they submitted a proposal to be tabled at the May 29 annual shareholder meeting that called for the company to accelerate carbon dioxide emissions reductions. Arjuna and Follow This subsequently withdrew the proposal, but Exxon proceeded with its claims against the two firms, arguing that they could file similar proposals at future shareholder meetings. The judge, appointed to the federal bench by former President Donald Trump in 2019, said Exxon should not be faulted for distrusting the activist investors. He said Arjuna could slightly modify its withdrawn 2024 proposal for submission to future shareholder meetings.

Persons: Mark Pittman, Arjuna, Exxon's, Pittman, Donald Trump, that's Organizations: Exxon Mobil, U.S, District, Northern, Northern District of, Boston, Exxon, Securities, Exchange Commission, Oil, Defendant, CNBC Locations: Texas, Northern District, Northern District of Texas, Netherlands

☆ Tesla Fremont factory suffers another fire, investigation underway
▼ + stars: | 2024-05-21 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. A fire broke out at Tesla 's vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. The Fremont factory is Tesla's first mass EV manufacturing facility. On May 17, 2024 Tesla celebrated a milestone for its Fremont factory in conjunction with their battery factory outside of Reno, Nevada, saying they had surpassed production of 3 million vehicles. Fires at the Fremont factory in the past have sometimes necessitated a pause in production.

Persons: Tesla, Tesla's Fremont Organizations: Tesla Fremont Factory, Fremont Fire Department, Elon, Fremont, Environmental Health, Safety, California Employment, Bay, Air Quality Management, CNBC Locations: Fremont , California, Fremont, Reno , Nevada, California, Tesla's, Alameda County

☆ Reddit users are questioning if it's really Keith Gill behind the memes that sparked the latest GameStop rally
▼ + stars: | 2024-05-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Reddit users this week have been questioning whether Keith Gill was behind Roaring Kitty's recent social media posts. The Roaring Kitty X account started tweeting for the first time in three years on Sunday, sparking a revival in GameStop stock. Reddit users have been speculating and debating the question since Gill's @TheRoaringKitty X account made its first post in three years on Sunday. AdvertisementGill did not reply to a request for comment sent by Business Insider via his other social media accounts. I'm sure we'll the the truth of the matter of who's running the account soon enough," another Reddit user said.

Persons: Keith Gill, Kitty, —, Gill, wasn't, @SCHL0MS, Polymarket, It's, Steve Sosnick Organizations: GameStop, YouTube, Service, Lamborghini, Google, Business, Polymarket, Remilia Corporation, Remilia, Interactive Locations: @TheRoaringKitty

☆ Stormy unchained: Lawyers for Trump and porn star struggled to control her after hush-money story broke in 2018
▼ + stars: | 2024-05-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

Text messages shown in Donald Trump's hush-money trial reveal attorneys' struggles to manage Stormy Daniels. Michael Cohen, Trump's ex-attorney, appeared frantic in messages after the hush-money story broke in 2018. Minutes later Cohen texted Davidson, "Please call me," before he again texted, "Cmon!" Advertisement"Why is she going on Kimmel after the Sotu," Cohen texted Davidson days earlier. "She just denied the letter," Cohen texted Davidson at the time.

Persons: Donald Trump's, Stormy Daniels, Michael Cohen, Trump's, Cohen, Daniels, —, Keith Davidson, Davidson, Trump, Drew Angerer, Davidson texted Cohen, Cohen messaged Davidson, Stephanie Clifford —, Sean Hannity's, Davidson texted, Cohen texted Davidson, texted, Eduardo Munoz, Let's, Cohen backtracked, Michael Cohen's, Jane Rosenberg Davidson, Kimmel, Jimmy Kimmel, Cohen messaged, Gina Rodriguez, Gina Organizations: Prosecutors, Trump, Service, Street, Sean Hannity's Fox, Manhattan, REUTERS, Attorney's Locations: Los Angeles, LA, Manhattan, NY

☆ Marjorie Taylor Greene won’t say what happened to her Trump Media stock
▼ + stars: | 2024-04-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Asked by CNBC and NBC News, Greene wouldn't say what happened to her stock in Digital World Acquisition Corp., which, through a merger with Trump Media and Technology Group, recently started publicly trading as DJT. Trump Media is the parent company of the former president's social media app, Truth Social. A spokesman for Bucshon confirmed to CNBC and NBC News that the Indiana lawmaker still owns stock in the now-merged media company despite the dipping stock price. But Greene would not say what's happened to her stock since her original purchase and her public disclosures have not shown that she sold DWAC or Trump media stock, according to documents archived by LegiStorm, raising questions among ethics lawyers about what happened to Greene's stock. Greene also would not say when asked by NBC News on Wednesday what happened to her Trump Media stock.

Persons: Marjorie Taylor Greene, Donald Trump, doesn't, Greene wouldn't, Greene, Larry Bucshon, Trump, Bucshon, DWAC, Chris Josephs, Josephs, Nick Dyer Organizations: Nasdaq, CNBC, NBC News, Trump Media, Technology Group, Social, DWAC, Indiana, Trump Locations: Rome , Georgia, DWAC

☆ Tesla settles lawsuit over Autopilot crash that killed Apple engineer
▼ + stars: | 2024-04-08 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

A Tesla Model X burns after crashing on U.S. Highway 101 in Mountain View, California, U.S. on March 23, 2018. Tesla has settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two who died after his Model X SUV, with Autopilot features switched on, crashed into a highway barrier near Mountain View, California, in 2018. The settlement comes as jury selection and a trial were just beginning on Monday in a California Superior court. The case was Sz Huang et al v. Tesla Inc. et al in a California Superior Court in Santa Clara County. In internal Tesla e-mails referenced in court filings, Tesla execs and engineers discussed how they had become complacent while driving their Tesla vehicles with Autopilot or related premium features switched on.

Persons: Tesla, Walter Huang, Huang, Huang's, Elon Musk Organizations: Tesla, Apple, National Transportation Safety, NTSB, California Superior Court Locations: U.S, Mountain View , California, View , California, California, Santa Clara County

☆ Tesla's stock wraps up one of its worst quarters on record as global dominance wanes
▼ + stars: | 2024-03-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +11 min

Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.

Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware

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