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Opinion Guest Essay The 21 Slivers of America That Could Decide the Election Sebastian Siadecki for The New York TimesIn almost every presidential battleground state, polling suggests something close to a dead heat between Kamala Harris and Donald Trump. For Ms. Harris and Mr. Trump, each could be a crucial building block in a winning swing-state coalition. In 2016, with Mr. Trump in the race, these areas began to march to national trends: Rural areas trended Republican, while Milwaukee’s well-off, close-in suburbs zoomed left. Still, loyalties remain potent in Wisconsin, from Democratic-leaning, ancestrally Scandinavian voters in the state’s rural west to middle-class suburban Republicans outside Milwaukee. Mr. Trump lost Nash County by just 0.2 points in 2020 and Wilson County by three points.
Persons: Sebastian Siadecki, Kamala Harris, Donald Trump ., Harris, Trump, Nate Silver’s, Joe Biden, Badger State . Arizona Battlegrounds, Mark Kelly, Biden, Trump’s, Patrick Ruffini Organizations: The New York Times, Pennsylvania, Keystone, Philadelphia, Democratic, Milwaukee —, Washington, Mr, Republican, Republicans, Milwaukee, Badger State, Senate, Northampton, “ Party of, Populist Coalition Locations: America, Pennsylvania, Appalachia, Philadelphia, Philadelphia’s, . Wisconsin, Wisconsin, Milwaukee, Milwaukee — Waukesha, Ozaukee, Badger, Badger State . Arizona, Arizona, Phoenix, Florida and Texas, . North Carolina, North Carolina, Southern, Nash, Rocky, Wilson, Wilson County, Nash County, Northampton, Erie, Bethlehem, Georgia, Brown County, Green Bay, Outagamie County, Appleton, Winnebago County, Oshkosh, Maricopa County
CNN —Editor’s Note: One Small Thing is a new series to help you take a simple step toward a healthy, impactful goal. But a little more investment in your community may make a big difference, said Dr. Gail Saltz, clinical associate professor of psychiatry at the NewYork-Presbyterian Hospital. One in 5 adults in the United States reported feeling loneliness “a lot of the day yesterday,” according to Gallup data released Tuesday. Building back deeper, more intimate connections may feel hard to do quickly to address your loneliness, but turning your attention to invest in your community may be one small thing you can do to help, Saltz said. Even small daily interactions with strangers in a coffee shop can help boost your mood when you're feeling lonely.
Persons: Gail Saltz, Vivek Murthy, Dan Witters, Gemma Hughes, Saltz, they’ve, , John Duffy’s, ” Duffy, , ” Saltz, wera, ” Hughes, Duffy, they’re Organizations: CNN, Presbyterian Hospital, Gallup, Gallup National Health, University of Leicester School of Business, Invest, Getty, Engage Locations: United States, United Kingdom, Chicago
Nathan Laine | Bloomberg | Getty ImagesDETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned. The Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona. Stellantis plans to use a proving grounds in Arizona owned by Toyota Motor beginning next year, according to two people familiar with the decision. Stellantis Chrysler Arizona Proving Grounds Source: Google EarthStellantis confirmed the closure Friday morning, citing the company's ongoing cost-cutting and real estate evaluations. Stellantis' other major U.S. proving grounds facility is a 4,000-acre campus located west of Detroit in Chelsea, Michigan.
Persons: Carlos Tavares, Nathan Laine, Stellantis, Tavares, Gretchen Whitmer Organizations: Stellantis NV, Bloomberg, Getty, DETROIT, CNBC, Atlantic, Wall Street, United Auto Workers, Chrysler, Ford Motor, Toyota Motor, Toyota, Stellantis Chrysler, UAW, The UAW, Stellantis, Michigan Gov Locations: Sochaux, France, Arizona, Phoenix, Las Vegas, Yucca , Arizona, Stellantis Chrysler Arizona, Detroit, Chelsea , Michigan, Auburn Hills , Michigan
After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are adopting a more methodical, department-by-department approach to making cuts. Related storiesIndeed surveyed more than 1,100 US tech workers from early to late June. Fagan said some tech workers are drawn to the flexibility that contingent or part-time roles can offer. Yet, ultimately, she said, tech is the #1 industry tech workers historically want to work in. Advertisement"It's not like they're going out and massively hiring and then doing layoffs," Fagan said.
Persons: , Andy Welfle's, Welfle, he'd, Cruise, Zeile, Linsey Fagan, Fagan, It's, they're, " Fagan, Mark Zuckerberg, Dice's Zeile, Zuckerberg, they've, Indeed's Fagan, it's Organizations: Meta, Service, Microsoft, Reality Labs, Google, LinkedIn Locations: Silicon Valley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrologis: Here's why Morgan Stanley remains 'positive' on the warehouse giant's stockRonald Kamdem, Morgan Stanley head of U.S. REITs research, joins CNBC's 'The Exchange to discuss why national office vacancy is remains high, opportunities in REITs despite the trend, and more.
Persons: Morgan Stanley, Ronald Kamdem Locations: REITs
Harris’ approach to the border: Trump falsely claimed of Harris: “She was saying the other day, ‘Yes, oh yes, we want to have a border.’ The first time she ever said it. The legal status of immigrants in Springfield: Trump falsely claimed, “They just dropped 30,000 illegal aliens in Springfield, Ohio.”This is false in more than one way. And while there is no official tally of the number of immigrants in Springfield, Trump’s “30,000” figure exceeds local estimates. More about immigrants in Springfield: Trump claimed that immigrants in Springfield are on “probation,” and he added, “Probation is for prisoners.” This is false in two ways. The word “caravan”: Talking about migrant caravans, Trump repeated his false claim that he invented the term: “The caravan.
Persons: Donald Trump, Kamala Harris ’, Harris, Trump, Joe Biden, , ” Biden, Alejandro Mayorkas, Biden, ” Harris, didn’t, , , it’s, , Kamala Harris, It’s, Hurricane Helene, Hurricane Milton, ” James Hathaway, that’s, they’re, “ That’s, Ohio Sen, JD Vance, Trump’s, Mike DeWine, Vance, Chris Cook, ” Roberto Briceño, ” Trump, ” Helen Fair, hasn’t, Mike Coffman, ” Coffman, They’ve, Honduras –, Barack Obama, Obama’s, Harris “, Aaron Reichlin Organizations: Washington CNN, White, Homeland, Trump, Biden, Department of Homeland Security, ICE, Immigration, Customs, FEMA, Federal Emergency Management Agency, Congress, House Republicans, Refugee, Asylum, University of Michigan, UN, YES, ” Republican Ohio Gov, New York Times, US, , CNN, Venezuelan, of, . Migrants, Democratic, Institute for Crime & Justice, Research, Birkbeck , University of London, Republican Aurora, Central, Customs Enforcement, El Salvador, Homeland Security, American Immigration Council, ICE hasn’t Locations: El Salvador, Guatemala, Honduras, United States, Texas, Arizona, Afghanistan, , That’s, Mexico, U.S, Springfield , Ohio, Univision, Springfield, Ohio, , Cuba, Vietnam, Hungary, Czechoslovakia, Lebanon, Venezuela, Caracas, Congo, Democratic Republic of Congo, Republic of Congo, United Kingdom, Colorado, Venezuelan, Aurora, America
UBS launched its global "House of Craft" initiative at an event in New York City in October. AdvertisementIn a SoHo townhouse in New York City, UBS launched its global "House of Craft" initiative, an experiential campaign that honors the tradition of craftsmanship. AdvertisementConvening around craftNew York City's legacy of fine craftsmanship made it the choice destination for UBS's first "House of Craft" event. James Miller, who said he collects micro-brand timepieces, wore a Henry Archer watch to the "House of Craft" event. "This is a brand campaign, but it's one very clearly associated with making sure more people are positively thinking about us," he said.
Persons: , Carmelo Anthony, Daniel Dae Kim, Ginny Wright, Audemars Piguet, Jean, Claude Biver, John McDonald, McDonald, Sergio Ermotti, Ermotti, Prophet, James Miller, Henry Archer, Julia Hood Miller, Nathan Desloover, Todd Snyder, Julia Hood, I've, Desloover, I'm Organizations: UBS, Credit Suisse, Service, NBA, Audemars, TAG, Suisse, Swiss, Publicis Groupe, Suisse hasn't, Horological Society of New Locations: New York City, Swiss, Americas, UBS's, Asia, Latin America, New York, York, Horological Society of New York, Detroit
The Girl Scouts could soon triple membership fees
  + stars: | 2024-10-18 | by ( Vanessa Yurkevich | ) edition.cnn.com   time to read: +5 min
CNN —The Girl Scouts of the USA plans to raise prices, but not for their famous cookies. Membership dues are the Girl Scout’s largest source of revenue, generating $38 million in 2023 from its nearly 2 million total members. You are going to run yourselves out of business.”Bertram was a Girl Scout herself, just like every girl in her family. Part of the problem is that Girl Scout membership has fallen in recent years, leadership said in a video to members in September. GSUSA will continue to provide financial aid to “reduce barriers” to any girl who wants to be a Girl Scout, a spokesperson said.
Persons: , , Sally Bertram, ” Bertram, Bertram, it’s, Diane Tipton, Bonnie Barczykowski, Bertran, ” Bertran, we’re, ” Tipton, Kelly Goldsmith, Goldsmith, GSUSA, can’t Organizations: CNN, The Girl Scouts, USA, Girl Scouts, Girl Scouts of, Girl Scout, National Council, Boy Scouts, Vanderbilt University, Scout Locations: Girl Scouts of Western Ohio, Tennessee, New York City
“The global water crisis is a tragedy but is also an opportunity to transform the economics of water — and to start by valuing water properly so as to recognize its scarcity,” said Ngozi Okonjo-Iweala, Director General of the World Trade Organization and one of the commission’s co-chairs in a statement. With nearly three billion people already in areas experiencing unstable water trends and several cities sinking due to the loss of below-ground water, densely populated areas such as northwestern India, northeastern China and southern and eastern Europe will bear the brunt of global water mismanagement, the report says. “The global water crisis is a ticking time bomb. Even so, a lack of public funds being devoted to water issues by lawmakers around the world will do little to solve the problem. Governments “can’t even react to the symptoms of the water problem, let alone solve the problems if they’re being fiscally strangled,” said UCL's Mazzucato.
Persons: , Ngozi, Mariana Mazzucato, we’ve, Mazzucato, Tim Wainwright, , they’re, UCL's Mazzucato Organizations: World Trade Organization, University College London Institute for Innovation, Purpose, NBC News, OECD, United Nations Locations: India, China, Europe, Netherlands
The Game: Denver (3-3) at New Orleans (2-4)The Storyline: Denver coach Sean Payton returns to New Orleans for the first time since 2022, when he stepped down after 15 seasons as the Saints’ coach, a run that included the franchise’s only Super Bowl title. Payton has downplayed the effect the emotions of the visit will have on the game itself, as has Dennis Allen, the longtime Saints assistant who succeeded Payton. New Orleans has converted 47% of its third-down opportunities, the NFL’s third-highest rate, while the Broncos rank second worst at 25%. Saints rookie quarterback Spencer Rattler completed 22 of his 40 passes against Tampa Bay with a touchdown and two interceptions Sunday in his pro debut. That could spell trouble against a New Orleans defense with 10 interceptions, second most in the league.
Persons: Sean Payton, Payton, Dennis Allen, Derek Carr, Chris Olave, Spencer Rattler, Bo Nix Organizations: Denver, Saints, Broncos, Los Angeles Chargers, New Orleans ’, Tampa Bay Buccaneers, Tampa Bay, The Broncos, New, Amazon Locations: New Orleans, Orleans
BERLIN — President Joe Biden is leaving Washington for Germany on Thursday morning in what will be one of the last opportunities to outline his vision for foreign policy before the election next month. After landing in Berlin, Biden will be greeted with full military honors Friday before receiving the country's highest Order of Merit from President Frank-Walter Steinmeier, his office said. After years of refusing U.S. prodding to trade the Russian, Biden and Vice President Kamala Harris separately convinced Scholz earlier this year. On Wednesday, Biden announced a $425 million aid package for Ukraine that includes air-to-ground munitions and armored vehicles, and promised more defense systems and supplies in the months to come. The White House said Biden will now travel to Angola in early December.
Persons: Joe Biden, Biden, Frank, Walter Steinmeier, , Olaf Scholz, Scholz, Evan Gershkovich, Marine Paul Whelan, Kamala Harris, Hurricane Milton Organizations: BERLIN, Merit, Marine, White, Ukraine, Russia, Wednesday Locations: Washington, Germany, Berlin, U.S, Russia, Russian, France, Britain, Ukraine, Angola, Hurricane
An independent panel reviewing the failures that led to the attempted assassination of former President Donald J. Trump in July called on the Secret Service to replace its leadership with people from the private sector and focus almost exclusively on its protective mission. Those include the failure of the Secret Service to secure a nearby building where a rooftop would-be assassin fired eight shots toward Mr. Trump. That and other security lapses, members of the panel said, result from an absence of “critical thinking” among agents and supervisors. The panel was particularly struck by a “lack of ownership” conveyed by the agents it interviewed. A panel convened in 2014 after a man scaled the White House fence and entered the mansion made similar proposals.
Persons: Donald J, Trump Organizations: Service, Department of Homeland Security Locations: Butler, Pa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should explore long-term opportunities outside megacap tech, says Matt PowersMatt Powers, Powers Advisory Group managing partner, joins 'Squawk Box' to discuss the latest market trends, where investors can find opportunities right now, takeaways from earnings season, and more.
Persons: Matt Powers Matt Powers Organizations: Powers Advisory Group
Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.
Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan
As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.
Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, , Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California
New York CNN —Meta fired around two dozen employees from its Los Angeles office for misusing company meal credits for things like laundry detergent, wine glasses and acne treatment pads, a source familiar with the company confirmed to CNN. Many of the social media giant’s corporate offices feature elaborate food services to provide employees with meals as a perk. Meta’s two-year-old office near New York City’s Penn Station, for example, features a cafeteria that feels like an upscale food court, with various stalls all free for staff. An internal investigation found that some LA-based employees used the meal funds to purchase things other than food instead, or had meals delivered to their homes, the source said. Meta’s median total annual compensation for individual employees (other than CEO Mark Zuckerberg) is $379,050, the company said in a regulatory filing earlier this year.
Persons: Meta, Mark Zuckerberg, Tracy Clayton, ” Meta, Jane Manchun Wong, Zuckerberg Organizations: New, New York CNN, CNN, Financial Times, Meta, , Reality Labs Locations: New York, Los Angeles, , Instagram
Wieting: Opportunities will arise from the election results.
  + stars: | 2024-10-17 | 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 EmailWieting: Opportunities will arise from the election results. Steven Wieting, Chief Investment Strategist & Chief Economist at Citi Wealth, emphasizes patience in the distorted market leading up to the U.S. elections, suggesting past election cycles often result in relief rallies.
Persons: Steven Wieting Organizations: Citi Wealth
TikTok wants to help creators sell their own custom products. Startups like Pietra help creators of all audience sizes break into product development by connecting them with manufacturers and opening avenues to test small-batch orders. TikTok creators can earn a commission on Shop sales they drive from their videos. Boosting sales on TikTok Shop has been a major focus at the company since the feature launched in the US in September 2023. AdvertisementDouyin, which, like TikTok, is owned by Chinese tech firm ByteDance, drives hundreds of billions in product sales annually.
Persons: TikTok, , Logan Paul, Emma Chamberlain, they've Organizations: Service, TikTok, Shop
Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.
Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. "This is a time when markets are distorted… the October period before US elections have usually been distorted," Wieting said on Worldwide Exchange. He says Home Depot (HD) and American Express (AXP) are stocks that will benefit from continued spending of higher income earners. "The higher end consumer is where you want to be right now," said Zaman on Worldwide Exchange.
Persons: Patience Steven Wieting, Wieting, Aadil, JB Hunt Organizations: PRO, Worldwide, U.S, Citi Global Wealth Investments, American Express, Wall Street Alliance, Vanguard, Big Tech, US Freight, American Trucking Association, East, CSX Locations: U.S, East Coast
US Army soldiers are training to operate at night in the challenging jungle environment of the Pacific. During a recent war game, soldiers engaged in a long-range maritime air assault to seize an airfield at night. US Army Pacific held its large-scale annual Joint Pacific Multinational Readiness Center training rotation in Hawaii earlier this month. During this year's JPMRC rotation in Hawaii, soldiers executed a long-range maritime air assault involving around 300 soldiers traveling to seize an airfield 200 miles away in the middle of the night. Tiffany BanksBut night operations, Evans said, are a "perishable skill," meaning if troops don't continue to test it, they'll lose it.
Persons: , USARPAC, Marcus Evans, Evans, JPMRC, Tiffany Banks, Sgt Organizations: Army, Service, US Army, US Army Pacific, Pacific Multinational Readiness Center, U.S, US, 25th Infantry Division, U.S . Army, Staff, U.S . Air National Guard, JPMRC, Pentagon Locations: Hawaii, Alaska, Philippines, Ukraine, JPMRC, China
CNBC's Jim Cramer on Thursday said some investors are missing market opportunities because they are too focused on what the Federal Reserve will do next when it comes to interest rates. "I'm not saying the stock market will never go down when the Fed's easing," he said. But Blackstone reported an impressive quarter, and the stock reached a new all-time high, up more than 6% by the close. He also referenced the turbulence this week in the semiconductor space — triggered by a bad quarter from Dutch chipmaker ASML on Tuesday — saying investors' Fed worries may have scared them out of expensive stocks. "Everyone who's obsessed with the Fed's next foray is basically investing with blinders on, and as a result, they're missing out on some of the greatest moves I've ever seen in my life," Cramer said.
Persons: CNBC's Jim Cramer, I'm, Jay Powell, Blackstone, ASML, Jensen, they're, I've, Cramer Organizations: Federal Reserve, Blackstone, Nvidia, Taiwan Semiconductor
CEO Olugbenga “GB” Agboola was celebrated for his leadership and lauded as a trailblazer in African fintech, providing digital payment services for businesses across the continent. However, Agboola says Flutterwave has weathered the storm and emerged stronger than ever. In his first major interview since the allegations, Agboola told CNN that Flutterwave is on a mission to rebuild trust and strengthen its governance practices. She says Flutterwave’s fast growth exposed weaknesses in governance, compliance, risk management strategies and inadequate internal controls. Beyond the focus on governance and structure, Agboola envisions a future where Africa’s diverse payment systems are seamlessly integrated into a unified marketplace.
Persons: Flutterwave, Olugbenga, Agboola, ” Agboola, “ We’ve, , Mitesh Popat, ” Popat, , ” Bawo, ” Egbakhumeh, “ Flutterwave, Africa Agboola, we’re Organizations: CNN, Kenyan, Citibank, Nigeria’s Economic, Commission, Global, MainStreet Bank, American Express Locations: Kenya, , Flutterwave, Africa, Ghana, Zambia, Uganda, Rwanda, United States, Nigeria, San Francisco
Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.
Persons: Blackstone, Copeland, Here's, , Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan
Uber discussed a bid for the $20 billion travel booking company Expedia , CNBC confirmed, in a deal that would push the ride-share company into new markets beyond car travel and food delivery. Expedia is familiar territory for Uber CEO Dara Khosrowshahi, who previously served as CEO of the travel group from 2005 to 2017. Expedia reported $28.8 billion total gross bookings in its second-quarter results in August. An acquisition of Expedia would be a "‘major strategic home run" for Uber, Dan Ives, Wedbush Securities managing partner, told CNBC's "Squawk Box" on Thursday. "I think they're going to be on the hunt for M&A."
Persons: Uber, Dara Khosrowshahi, Khosrowshahi, Expedia, Dan Ives, CNBC's, they're, Ives Organizations: CNBC, Financial Times, Wedbush Securities
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