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WeWork , the shared office space company once valued at $47 billion, emerged from bankruptcy on Tuesday and named Cushman & Wakefield executive John Santora as its new CEO. WeWork filed for Chapter 11 bankruptcy protection in November, with total liabilities of $18.65 billion against assets of $15.06 billion. Santora becomes WeWork's fourth permanent CEO in five years after the company's failed initial public offering in 2019 and subsequent restructuring. He replaces David Tolley, who began service as interim CEO in May 2023 before assuming the permanent CEO position in October. WeWork also announced a new board, including Anant Yardi, CEO of property management software company Yardi Systems.
Persons: John Santora, WeWork, Santora, David Tolley, Anant Yardi, Adam Neumann, Miguel McKelvey, Neumann Organizations: Cushman & Wakefield, Yardi Systems, State
In this article NVDARIVN Follow your favorite stocks CREATE FREE ACCOUNT2025 Rivian R1S RivianRivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday. Amid the most notable changes to the new vehicles is their computing power, which Rivian says delivers 10 times more performance than the previous system. The lower-priced vehicles are crucial to Rivian's expansion as sales of its current models have slowed amid a sluggish industrywide sales pace for electric vehicles. 2025 Rivian R1T and R1S RivianRivian said pricing for the second-generation R1S SUV will increase $1,000 from current models to start at $75,900, with top-end trimotor models starting around $106,000. Rivian said the vehicles also feature more luxurious, updated interiors as well as a fully redesigned software interface.
Persons: Rivian, RJ Scaringe, R1T, Rivian Rivian Organizations: Nvidia, Max Locations: Illinois, Georgia, The California
According to a May Zumper report, the national median rent for a one-bedroom apartment is $1,487. The New York-Newark-Jersey City metro area saw the average rent for a one-bedroom apartment go from $1,991 in 2023 to $2,008 in 2024, an increase of only $17 or 0.9%. Connecticut has the most metro areas with the biggest rent increase for one-bedroom apartments — four out of the top five. This includes one statistical area that covers part of northeastern Connecticut and a swath of Massachusetts including Worcester. Connecticut is also the only state in the Northeast region to have multiple metro areas in the top 20.
Organizations: CNBC, Census, New York City Locations: United States, New York, Los Angeles, Newark, Jersey City, Connecticut, Massachusetts, Worcester . Connecticut, New York City, Boston, Providence , Rhode Island
It was fortunate timing for Charles, as the pandemic had forced many companies to pivot to remote work. "So I'm either going to stay productive by finding other remote work or just wasting time and leaving money on the table. It's left him clinging to his two remaining remote jobs, which have allowed him to not only bring in extra income — but avoid the dreaded work commute. Hiring slowdowns in industries like tech — where remote work and overemployment are more common — and shifts to hybrid working arrangements have both played a role in this decline. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: Charles, jugglers, who've, he's, It's, it's, wouldn't Organizations: Service, Business, LinkedIn
Road trips, in particular, are expected to set a record, which could send gas prices higher. But, just as a US president cannot solely take the blame for surging oil prices, nor can he or she, in most cases, be entirely credited for steadying prices. “This is a non-starter and won’t do much to lower gas prices,” GasBuddy’s Patrick DeHaan said. In the wake of Russia’s invasion of Ukraine in 2022, Biden attempted to stem rising oil prices by authorizing the release of 180 million barrels of oil in coordination with US allies overseas. Gas prices have remained steady in recent weeks after rising sharply at the end of winter.
Persons: Biden, Jennifer Granholm, , ” GasBuddy’s Patrick DeHaan, Obama’s, Sandy, Tom Kloza, , Kloza, Matt Egan Organizations: CNN, AAA, Federal Aviation Administration, Gasoline Supply, , Congress, US Energy Information Administration, US Department of Energy, Oil Price Information Service Locations: New York, Maine, Ukraine
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rate cuts several months awayFederal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts. Singapore Airlines: one dead, 30 injuredOne person died and 30 people were injured aboard a Singapore Airlines flight that was hit by severe turbulence and forced to land in Thailand. Singapore Airlines Flight 321 encountered "sudden, severe turbulence" about 10 hours into a flight from London to Singapore, the airline said.
Persons: Christopher Waller, Waller, Biden, Jennifer Granholm, Walt Disney, Bob Iger, Jesse Pound, JPMorgan's Marko Kolanovic Organizations: New York Stock Exchange, CNBC, Nasdaq, Nvidia, Dow Jones, Federal, Gasoline, East, Pixar, Studios, Disney, Walt Disney Animation, Singapore Airlines, Singapore Airlines Flight, Boeing, Wall Street Locations: New York City, Israel, Thailand, London, Singapore
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street reaches new highsThe S&P 500 and the Nasdaq Composite rose to fresh record highs as investors await earnings from AI chipmaker Nvidia after the close on Wednesday. Nvidia's shares rose 0.6% with option traders pricing in swings of as much as 9% up or down in reaction to its earnings. Rate cuts several months awayFederal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts. [PRO] When Nvidia risesCNBC's Ganesh Rao takes a look at six artificial intelligence-related stocks that have historically reacted positively to Nvidia's quarterly earnings.
Persons: Christopher Waller, Waller, Biden, Jennifer Granholm, Walt Disney, Bob Iger, Ganesh Rao Organizations: New York Stock Exchange, CNBC, Nasdaq, Nvidia, Dow Jones, Federal, Gasoline, East, Pixar, Studios, Disney, Walt Disney Animation, CSI, Nikkei, Reserve Bank of New Locations: New York City, Israel, Asia, Hong Kong, Reserve Bank of New Zealand, United States, Japan
The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast to reduce prices at the pump ahead of the Fourth of July holiday and summer driving season. Rising energy prices stirred speculation in April that the Biden administration might tap the Strategic Petroleum Reserve in Texas and Louisiana ahead of the November presidential election. Though gasoline prices have come down over the past month, broader inflation has remained stubborn, irking consumers. The barrels will be sold from storage sites in New Jersey and Maine that are part of the Northeast Gasoline Supply Reserve, which was established after Superstorm Sandy knocked out refineries in 2012. The Biden administration released 180 million barrels from the SPR in 2022 as energy prices spiked in the wake of Russia's invasion of Ukraine.
Persons: Joe Biden, Biden, Jennifer Granholm, Lael Brainard, Superstorm Sandy Organizations: Eisenhower, Strategic Petroleum Reserve, White, National Economic, AAA, Retailers, Department of Energy, DOE, Northeast Gasoline Supply, Superstorm Locations: Washington ,, Israel, Texas, Louisiana, Iran, New Jersey, Maine, Ukraine
The first “The Vietage by Anantara” luxury train carriage launched in 2020 – a six-hour journey connecting Da Nang and Quy Nhon. Courtesy Anantara“The main difference is that the new route connecting Nha Trang and Quy Nhon passes through many more coastal areas than the journey between Da Nang and Quy Nhon,” says Jones. For the six-hour journeys between Da Nang and Quy Nhon, passengers are served a pre-ordered three-course gourmet meal. The Quy Nhon-Nha Trang route includes an afternoon tea set. The original route departs from Da Nang Train Station at 8 a.m., arriving at Quy Nhon’s Dieu Tri Station at 2:03 p.m.
Persons: , Kate Jones, , Jones Organizations: CNN, Dieu Tri Train Station Locations: Vietnam, Na Trang, Da Nang, Quy, Nha Trang, Trang, Thevietagetrain.com, Dieu Tri, Quy Nhon, Quy Nhon’s Dieu Tri, Southeast Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3 Buys and a Bail: Home Depot, Carrier Global, Tri Pointe Homes & WhirlpoolAri Wald, Oppenheimer & Co. head of technical analysis, joins CNBC's 'The Exchange' to discuss four stocks: Home Depot, Carrier Global, Tri Pointe Homes, and Whirlpool.
Persons: Whirlpool Ari Wald Organizations: Carrier Global, Tri, Tri Pointe Homes, Whirlpool, Oppenheimer, Co Locations: Tri Pointe
Mali said on Monday that it had killed a high-value Islamist commander who helped lead a 2017 attack in which four American and four Nigerien soldiers were killed alongside an interpreter. The U.S. State Department had put a $5 million bounty on the head of the commander, Abu Huzeifa — a member of an affiliate of the Islamic State — after his participation in an attack in Tongo Tongo, Niger, on American Green Berets and their Nigerien comrades. At that time, the attack was the largest loss of American troops during combat in Africa since the “Black Hawk Down” debacle in Somalia in 1993. In a post on social media on Monday, Mali’s armed forces said that on Sunday they had “neutralized a major terrorist leader of foreign nationality during a large-scale operation in Liptako” — a tri-border region that contains parts of Mali, Burkina Faso and Niger.
Persons: Abu Huzeifa —, Organizations: Nigerien, U.S . State Department, Islamic, American Green Berets Locations: Mali, Tongo Tongo, Niger, Africa, Somalia, Liptako, Burkina Faso
My husband and I use our Costco executive membership to buy food for our family of four. The Kirkland Signature chicken street-taco kit is a yummy, filling meal my kids and husband love. AdvertisementMuch like over half of Costco's shoppers, we have children to feed and like to buy our family's favorite foods in bulk. My husband is a Costco general manager, so he gets a free executive membership as an employee. This story is available exclusively to Business Insider subscribers.
Persons: rotini, Organizations: Costco, Kirkland, BBQ Company, Service, Business
They can go where they want to go when they want to go, and it does save them a lot of money. You can live on one side of Lake Tahoe and pay no taxes versus the other side of Lake Tahoe and pay California taxes, which is around 12%. People with means absolutely find themselves going to Florida, but I don't think it's just for the money. We always tell people that being audited for residency is kind of like the tax version of a colonoscopy. Here in New York City, the top 1% of the taxpayers pay almost 50% of the New York City income tax.
Persons: Hodgson Russ LLP, Mark Klein, we'd, they've, that's, you've, they're Organizations: Service, Florida . Finance, TSA, I'm, Tri, Yorker, New Locations: Florida, New York City, Nevada, Texas, New York, Los Angeles, Lake Tahoe, California, Wyoming, Washington, Miami, Long, East Coast, Boca, Delray, Manhattan, York City
I am a big fan of Tesla products and the company, but we do not currently own the stock. Since hitting its all-time high on Nov. 4, Tesla shares are the worst-performing member of the "Magnificent Seven". With prices running from about $40,000 for a single-motor version to $70,000 for a tri-motor variant, the Cybertruck's specifications were remarkable. China represents the largest market for EVs at the moment, and BYD is leading Tesla there. Among U.S. manufacturers, Tesla, because it eschews the conventional dealer model, has excellent flexibility on pricing, which they adjust dynamically.
Persons: Tesla, FSD, Warren Buffett's, Berkshire Hathaway, Charlie Munger, Elon Musk, General Motors, Organizations: Nvidia, Elon, EVs, Ford, Toyota, South, U.S, Ford Motor, General, Tesla Locations: U.S, China, Tesla, Europe
And what would the upfront costs be to upgrade your system to allow for faster charging, if desired? Do the math on upfront cost, EV vs. hybridIf it's still a toss up between an EV and a hybrid, next consider upfront costs. By contrast, the average starting price for a hybrid car is $33,214, according to iSeeCars.com, a car search engine. Search for available auto rebates and incentivesIf you're leaning toward an EV, but still find the upfront cost daunting, look for possible rebates. He points to a study by Argonne National Lab that shows scheduled maintenance costs per mile are significantly lower for an EV versus a traditional hybrid or plug-in hybrid.
Persons: you've, Aston Martin, Sandeep Rao, there's, Rao, Steve Christensen, Maxwell Woody, Woody, Albert Gore, ZETA Organizations: Ford, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, Gallup, New York, EV, Chevrolet, Department of Energy, Battery Coalition, Progressive Casualty Insurance Company, of Michigan, University of Michigan, Argonne National Lab, Honda Locations: U.S, California, Florida, Texas
New York City experienced an earthquake with an estimated magnitude of 4.8 on Friday. Eighteen quakes with 2.4-or-greater magnitude have occurred in or around NYC since 1737, records show. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Friday, residents across New York City's five boroughs and the tri-state area experienced a rare earthquake. With an estimated magnitude of 4.8, the quake's epicenter was located in Whitehouse Station, New Jersey, according to the United States Geological Survey (USGS).
Persons: Organizations: Service, United States Geological Survey Locations: York City, Virginia, New York, Whitehouse, New Jersey, East Coast, Philadelphia, Boston
AdvertisementNetflix's "3 Body Problem" is an adaptation of Liu Cixin's wide-ranging "Remembrance of Earth's Past" trilogy of novels. Speaking of Yun Tianming, he got turned into Will DowningWill Downing signs on to the Stairfacer Project in "3 Body Problem." Saul is based on a character named Luo JiSaul is chosen as a Wallfacer in "3 Body Problem." The VR headsets are way simpler in the seriesJack Rooney wears a virtual reality headset in "3 Body Problem." NetflixIn "3 Body Problem," Ye Wenjie's daughter Vera Ye dies by suicide in the first episode.
Persons: Liu Cixin's, , David Benioff, Weiss, Alexander Woo, Auggie Salazar, Ed Miller, Wang Miao, Da Shi, Salazar, Eiza González, it's Wang Miao, Wang Miao's, Jin Cheng, Jess Hong, Jin, Copernicus, Wang, she's, Netflix Wang Miao, Cheng Xin, She's, Yun Tianming, Will Downing Will Downing, Will Downing, Oxford alums, He's, Jack Rooney's, Saul, Luo Ji Saul, Netflix Saul, he's, Saul isn't, Luo Ji, they're, Ye, ETO Jonathan Pryce, Mike Evans, Tatiana, Marlo Kelly, Sophon, Evans, Shimooka, Alicia Vikander, Evan Rachel Wood, Jack Rooney, we'd, Ye Wenjie, Vera Ye, Yang Dong, Yang Weining Organizations: Service, Netflix, intel, Stairfacer, Oxford, United Nations, UN, ETO, Trisolaris Organization, Red Coast Locations: China, England, San, Red
New York CNN —Food prices have gone a bit bananas — and that includes a famously priced 19-cent fruit at Trader Joe’s. The snack-heavy grocer told CNN on Monday that it recently increased the price of the banana to 23 cents, a more than 20% increase. The 19-cent banana is a well-known deal at Trader Joe’s — so much so that it’s ranked as the favorite piece of produce by the company’s customers. However, CBS News reported that experts from the World Banana Forum in March warned that climate change and rising temperatures can drive up banana prices. Trader Joe’s noted it has been able to lower prices for some of its other produce, such as raw almonds, romaine hearts, organic tri-color bell peppers, and green onions.
Persons: we’ve, fanbases, Joe’s, romaine, Dan Bane, Sonny …, they’ve, ” Bane Organizations: New, New York CNN, CNN, Food and Agriculture Organization, United Nations, Bureau of Labor Statistics, CBS News Locations: New York
How Sandra Hüller quietly won red carpet season
  + stars: | 2024-03-14 | by ( Leah Dolan | ) edition.cnn.com   time to read: +3 min
CNN —While there was an abundance of daring looks at the Oscars red carpet this year, one of the evening’s most memorable outfits came from Hollywood newcomer Sandra Hüller. The second winged look — also from Schiaparelli — solidified Hüller as a red carpet risk taker. Richard Shotwell/Invision/APAt the 2024 Cesar Film Awards, Hüller arrived in a collarless Louis Vuitton wrap suit embellished with black sequins. Gerald Matzka/Getty ImagesAt the European Film Awards ceremony in December last year, Hüller stunned in a cut-out black and white gown with a satin finish. Christoph Soeder/dpa/Sipa USAFor the London premiere of "Anatomy of a Fall" in November 2023, Hüller wore a white skirt suit from Cong Tri.
Persons: Sandra Hüller, Oscar —, Hüller, cinched, Cartier, “ It’s, , Jordan Johnson Chung, , Anthony Behar, Phoebe Philo’s, sequined Louis Vuitton, Jimmy Fallon, Richard Shotwell, Louis Vuitton, Pascal Le Segretain, Max, Rosie Assoulin, Gerald Matzka, Christoph Soeder, Dave Benett, Andreas Rentz, Gareth Cattermole, Jamie McCarthy Organizations: CNN, Vogue, Hollywood, Berlin, London, Cong Tri, 61st New York Film Locations: Hollywood, Cong, Cologne
Evercore ISI reiterates Netflix as outperform Evercore raised its price target on Netflix to $640 per share from $600. Citi downgrades Chubb to neutral from buy Citi said it sees a more balanced risk/reward for the insurance company. Goldman Sachs upgrades Citi to buy from neutral Goldman said in its upgrade of Citi that shares are "compelling." Citi reiterates Nvidia as buy Citi said after a series of investor meetings that Nvidia is a "most favored name." Bernstein reiterates Nvidia and Broadcom as outperform Bernstein said Nvidia and Broadcom are still top picks at the firm.
Persons: Deere, Truist, Bernstein, Tesla, Citi downgrades Chubb, Goldman Sachs, Goldman, Wells, Berenberg, it's, Caterpillar, Morgan Stanley, Meta, Utz, Armour, Evercore, Kevin Plank, Stephanie Linnartz, Jack, Argus Organizations: Deere, UBS, Netflix, Citi, Logitech, Barclays, Thomson Reuters, Caterpillar, Nvidia, Micron, Facebook, Raytheon, Bank of America, of America, Utz, UAA, JPMorgan, IBM, Broadcom, VMware, Argus, Oracle, Oracle Corp Locations: Williams, Sonoma
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMUFG analyst says these tri-factors will propel gold prices to new highsEhsan Khoman of MUFG Bank explains his bullish calls on gold.
Persons: Ehsan Organizations: MUFG Bank
"We are initiating coverage of Legend Biotech (LEGN) with an Outperform rating and a price target of $86." Bank of America reiterates Super Micro as buy Bank of America raised its price target on Super Micro to $1,280 per share from $1,040. The firm has an outperform rating on shares of Boeing. We Initiate with a Buy rating and $15 PT." "We initiate coverage of IMVT with a Buy rating and 12-month price target of $50 (60% upside potential)."
Persons: Raymond James, it's, Wells, Tesla, Davidson, Goldman Sachs, Goldman, Baird, Bernstein, TXRH, EBITDA, Jefferies, underperform Jefferies, Baird downgrades Fiserv, Stephanie Ferris, Charles Drucker, helms, Cooper, William Blair, BTIG, Bitdeer, JMP, Morgan Stanley, Idacorp, Rivian Organizations: Biotech, Legend Biotech, Citi, Constellation Brands Citi, Constellation, Watch, Nielsen, DA, " Bank of America, Bank of America, Nvidia, GPU Tech Conference, TAM, Royal Caribbean, Boeing, Apple, Moelis, Company, RBC, Pointe, GM, Microsoft, ROIC, Jefferies, FIS, JPMorgan, Cooper Companies, Bitdeer Technologies, Technology, ICE, of America, Argus Locations: Nice, Texas, Cleveland, Southwest, Kansas, Missouri
CNN —The United States women’s soccer team won the inaugural Concacaf W Gold Cup on Sunday following a 1-0 victory over Brazil at Snapdragon Stadium in San Diego, California. “This is a group that’s moving forward together, that still wants more time together. “This is a group that’s just getting started.”All the US players celebrated on the field at the final whistle, as the 31,528 spectators in attendance cheered on. This, though, was the first time it had won the newly configured W Gold Cup tournament. In its next game, the US is set to play Japan in the SheBelieves Cup at Mercedes Benz Stadium, Atlanta, on April 6.
Persons: Lindsey Horan, , Twila Kilgore, Sean M, Jaedyn Shaw, , that’s, ” Shaw Organizations: CNN, United, soccer, Concacaf, Snapdragon, ESPN, Tri, CBS Sports, Japan, Mercedes Benz Locations: United States, Brazil, San Diego , California, Canada, San Diego, Mexico, Atlanta
Tesla shared a video of a Cybertruck scaling a difficult off-road trail in Utah. The electric truck, which was shown with a driver inside, conquered the off-road trail known as Hell's Revenge in the video. Travel site Utah.com describes Hell's Revenge as having "steep climbs, descents, and some edges that are not for the faint of heart." Morrill said navigating Hell's Revenge with the tri-motor EV, called Cyberbeast, is "like off-roading in easy mode." The Cyberbeast truck managed to drive 318 feet with the sled, while the Ford truck got up to 263 feet.
Persons: Tesla, Cybertruck's, Wes Morrill, , Morrill Organizations: Service, Ford, Business Locations: Utah
Read previewIt's been over four years since Linda Hamilton reprised her role as Sarah Connor in "Terminator: Dark Fate," but she told Business Insider that she's not interested in returning to the franchise. This story is available exclusively to Business Insider subscribers. AdvertisementBut Hamilton told Business Insider ahead of the release of "Resident Alien" season three, that she isn't interested in battling another killing machine. Advertisement"I truly feel like, and felt like, Sarah Connor is not an icon. Linda Hamilton as Sarah Connor in "T2: Judgement Day."
Persons: , Linda Hamilton, Sarah Connor, she's, Connor, Sarah, Arnold Schwarzenegger's, James Cameron, isn't, it's, Hamilton, She's, I've Organizations: Service, Business, Dell Tech, GamesRadar, Hamilton
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