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☆ Berkshire Hathaway now owns 100% of BHE, but the utility giant has been a weak spot for the conglomerate
▼ + stars: | 2024-10-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett took full control of Berkshire Hathaway Energy, a utility giant that it has owned a majority stake in since 1999, but the business has been a drag on the conglomerate. Berkshire bought the stake for $2.37 billion in cash, $600 million in debt as well as a significant amount of Berkshire Class B shares , according to a regulatory filing. Berkshire Vice Chairman Greg Abel, Buffett's designated successor, sold his 1% stake in BHE for $870 million at a much higher valuation just two years ago. The utility arm has been a weak spot for the conglomerate, which has otherwise enjoyed a few outstanding years. "BHE has been under pressure," said Cathy Seifert, Berkshire analyst at CFRA Research.

Persons: Warren Buffett, Walter Scott, Buffett, Bill Stone, Greg Abel, Buffett's, Abel, BHE, Cathy Seifert Organizations: Berkshire Hathaway Energy, Berkshire, Berkshire Class, Glenview Trust Company, CNBC, BHE, Oracle, CFRA Locations: Berkshire, Omaha, BHE, Glenview, U.S

For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. Buying them all new shoes doesn't feel optional to me, but it does to my partner, who is still pretending we're surviving off only one income. Your partner doesn't want to spend just to spend, and I don't think you want to save just to save. Write to For Love & Money using this Google form .

Persons: isn't, —, I'm, it's, we're, they're, doesn't Organizations: Business, Service

☆ House GOP chairman demands FEMA accountability for Hurricane Helene after flooding claims more than 200 lives
▼ + stars: | 2024-10-05 | by ( Laura Strickler | Laura Strickler Is A Senior Investigative Producer | Reporter For Nbc News. She Is Based In Washington. | ) www.nbcnews.com time to read: +4 min

The chairman of a House Homeland Security subcommittee is asking the Federal Emergency Management Agency to detail what it did to prepare for Hurricane Helene after it became clear there would be catastrophic flooding. Helene made landfall in Big Bend, Florida, on Sept. 26, causing flooding that devastated North Carolina, Tennessee and other Southern states and claimed more than 200 lives. D’Esposito, R-N.Y., cited a local official from Buncombe County, North Carolina, who claimed that water was requested before the storm started but was delayed, further exacerbating the water shortage in Asheville. Post-landfall, it “surged capacity to where it was needed the most.” She noted that western North Carolina has now been identified as the area that was hardest hit. More than 6,400 federal personnel, including FEMA staff, are deployed in the affected areas.

Persons: Helene, Anthony D’Esposito, Deanne Criswell, ”, Hurricane Helene, Liz Sherwood, Randall, “, Donald Trump, Sen, Thom Tillis, Chuck Edwards, ” Edwards Organizations: House Homeland Security, Federal Emergency Management Agency, Emergency Management, Technology, FEMA, NBC News, North Carolina Republicans, Republican, Management Locations: Big Bend , Florida, North Carolina , Tennessee, Hurricane, Buncombe County , North Carolina, Asheville, Bend , Florida, North Carolina, Buncombe

Assuming the Senate continues confirming pending nominees when it returns in November, the next president is poised to inherit the smallest number of judicial vacancies since when George H.W. 'Set their sights on getting judges confirmed'The amount of judicial vacancies at any one time is fluid and can rise or fall based on circumstances. During his four years in office, Trump appointed 234 federal judges, the second-highest amount by a one-term president. “If Trump is elected, the judiciary becomes the Trump judiciary,” said Maggie Jo Buchanan, managing director of Demand Justice. Some Republicans believe that tradition will continue in the coming years, which could limit the amount of judicial vacancies the next president is able to fill.

Persons: WASHINGTON, Republican Donald Trump, Kamala Harris, hasn’t, Ruth Bader Ginsburg, Amy Coney Barrett, It’s, IIl judgeships, Joe Biden’s, George H.W . Bush, Biden, Chuck Schumer, “, ” Schumer, Schumer, ”, Thomas Jipping, —, Jipping, they’ve, Trump, Russell Wheeler, McConnell, Barack Obama’s, Wheeler, ” Wheeler, Ronald Reagan, Maggie Jo Buchanan, Harris, we’re, John P, Collins Jr, Dick Durbin, Sen, John Kennedy, Durbin Organizations: Republican, Congress, Senate, NBC News, Republicans, Supreme, The Heritage Foundation, Biden, Brookings Institution, “, Committee, Trump, Demand, Appeals, The George Washington University Law School, Administrative, U.S, Courts

☆ Vista Outdoor strikes deal to sell itself in parts to two buyers for $3.4 billion
▼ + stars: | 2024-10-05 | by ( ) www.cnbc.com time to read: +4 min

Vista struck a deal to sell its sporting goods unit, Revelyst, to investment firm Strategic Value Partners for $1.1 billion, according to a statement seen by Reuters. Taken together, the two deals value Vista at $45 per share, topping a rival $43 per share offer from MNC Capital, an investment firm led by former Vista board member Mark Gottfredson. The sale of Revelyst is expected to close by January, subject to regulatory approvals and the completion of the CSG deal. In June, the CSG deal was cleared by the Committee on Foreign Investment in the United States, which reviews foreign investments over possible national security concerns. In July, Vista launched a strategic review to explore all its options, after failing to gather investor support for the CSG deal.

Persons: Vista, Mark Gottfredson, Michael Callahan, Glass Lewis, David Geenberg, MNC's, Victor Khosla, Morgan Stanley, Moelis, Goldman Sachs Organizations: Flag, New York Stock Exchange, Partners, Reuters, Czechoslovak Group, CSG, MNC Capital, Vista, MNC, Institutional, Services, Federal, Remington, Foresight, Bushnell Golf, North, Foreign Investment, Strategic Value Partners, JPMorgan Locations: U.S, Prague, Revelyst, Minnesota, Russia, Ukraine, North America, United States, Colleyville , Texas

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are in the low 5% range, according to Zillow data. Average Refinance Mortgage Rates TodayRefinance rates are a bit higher today after dropping in September. Last month, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%.

Persons: they've, you'll, Freddie Mac, it's, refinance Organizations: of Labor Statistics, Labor, Federal Reserve, Zillow, Fed Locations: U.S, Chevron

☆ Vista Outdoor agrees deal to sell its ammunition and sporting goods divisions for $3.4 billion
▼ + stars: | 2024-10-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Vista Outdoor has announced a deal to sell its two divisions for $3.4 billion. It is set to sell Revelyst, its sporting goods business, for around $1.13 billion. That deal is subject to the completion of the sale of its ammunition business, Kinetic Group, for about $2.23 billion. Advertisement"Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders," the press release says. AdvertisementCzechoslovak Group is being advised by JPMorgan on the new deal, while Morgan Stanley is advising Vista Outdoor.

Persons: —, Michael Callahan, Morgan Stanley, Vista's Organizations: Kinetic, Service, Partners, Czechoslovak Group, CSG, Vista, Vista Outdoor, Reuters, JPMorgan, Moelis, Company Locations: Minnesota, Prague

☆ America’s best foods and the world’s greatest pizza
▼ + stars: | 2024-10-05 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week: how Japan led the world’s high-speed rail revolution, the couple who rode motorcycles round the world with three rescue dogs – plus we put the spotlight on America’s world-class cuisine. America’s greatest dishesFrom Louisiana gumbo to Hawaiian poke to the humble PB&J, the United States is home to many fantastic dishes. Here are CNN Travel’s picks of 20 of the best of them – see if your favorites made it to the table. The Italy-based 50 Top Pizza Awards revealed its 2024 list recently, and the winning restaurant wasn’t in Naples or Rome.

Persons: CNN Travel’s, Jane Satow, that’s, ”, who’ll, Trevi, –, it’s, Hurricane Helene Organizations: CNN, wasn’t, Manhattan’s, Greyhound, Trevi, Tourism Locations: Japan, Louisiana gumbo, United States, Italy, Naples, Rome, Virginia, French, Provence, Europe, Chicago, Australian, Trevi, Alaska

Before she built what would become a billion-dollar company, Angie Hicks had to conquer one of her biggest fears: talking to strangers. Hicks — one of the two co-founders of Angi, formerly known as Angie's List — is a self-described introvert. But when the business launched in 1995, she wore many hats — often literally walking door-to-door to recruit Angi's first customers. In 1996, the company rebranded to Angie's List after customers began associating Hicks personally with the recommendations. The company, which went public in 2011, has consistently brought in over one billion dollars every year since 2018.

Persons: Angie Hicks, Hicks, she's, Angi's, wasn't Hicks, Weeks, Bill Oesterle, Oesterle, Columbus didn't, Angi, would've, …, Bill, didn't, Elham Organizations: Angi, CNBC, DePauw University, Partners, Unified, Columbus Locations: Angi, Washington ,, Indianapolis, Columbus , Ohio, Columbus

☆ When threats of violence at school flare up, parents in America face ‘an impossible situation’
▼ + stars: | 2024-10-05 | by ( Michelle Krupa | ) edition.cnn.com time to read: +9 min

The mass attack at Winder’s Apalachee High School was at least the year’s 45th school shooting in America. It typically gets 500 in a year, according to an academic study that claims it’s one of the first to quantify more than 1,000 threats of school violence over four academic years. Emily Elconin/Getty ImagesNo agency or group tracks all threats of US school violence, from possible gun attacks to bombings to any other conceivable danger. Atlanta Public Schools hadn’t warned caregivers so broadly of possible danger like this in at least a year, he said. The Fulton County Sheriff’s Office sent 11 motor and K-9 units to help that day, it later told CNN; the Atlanta Police Department deferred CNN’s questions to Atlanta Public Schools.

Persons: “ it’s, –, Emily Elconin, ”, Seth Coleman, didn’t, It’s, “, She’s, I’m, Coleman, she’d Organizations: CNN, Atlanta CNN, Atlanta Public, pinged, Apalachee High, Oxford High School, Psychological, Sheriff’s, Atlanta Public Schools, ., Atlanta Police Department, Atlanta Public Schools . School, ”, Infrastructure Security Agency, FBI Locations: Atlanta, Winder , Georgia, America, Georgia, Florida’s Volusia County, Michigan, Apalachee, Fulton, Winder, . School, ”

☆ 'Shark Tank' star Kevin O'Leary once told a student to choose his business over his fiancée as she was 'easier to replace'
▼ + stars: | 2024-10-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

If the person you're dating makes you choose between them and your business, pick your business. AdvertisementIf the person you're dating forces you to choose between your business and them, you should probably cut them loose, Kevin O'Leary says. "I just can't because I'm so busy and I've got to keep my business going, I've got to graduate my degree. I'm going to guess that if you can't work this out, you're going to just do fine." "You're obviously going to be wildly successful, you're going to get somebody else."

Persons: Kevin O'Leary, —, O'Leary, Logan Paul, That's, I've, Phil, She's, " O'Leary, that's, he's, He's Organizations: Service, LinkedIn

The specific cruise ship you go on — and the room you're in — can determine what kind of time you have. Research your shipWhen you cruise, the ship is your hotel, your mode of transportation, your restaurants, and oftentimes, it provides professional entertainment, too. Your cruise ship isn't merely a way to get from point A to point B. If you can, avoid a noisy cabin right under the pool or on a deck right above or below the theater." Most cruise drink packages don't begin until you leave ports of call, so you can usually only get included drinks while you're sailing.

Persons: —, I've, Judy Schwartz, Schwartz, lounging, You'll, she's Organizations: Service, U.S, Royal Locations: —, Hawaii, Alaska, Scotland, Ireland, Norwegian, Bahamas, Labadee, Haiti, Royal Caribbean, France, Tallinn, Estonia

☆ CVS is under pressure and considering a breakup. Here's why that could be risky
▼ + stars: | 2024-10-04 | by ( Annika Kim Constantino | Annika Kim Constantino Covers The Biotech | Pharmaceutical Industry For Cnbc Digital. | ) www.nbcnews.com time to read: +13 min

It’s time for a wellness check at CVS Health. But Caremark, in some cases, also funnels drug prescriptions to CVS retail pharmacies, he said. He said a spinoff of CVS’ retail pharmacies would be more likely. A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Those actions will help the company achieve its target of 100- to 200-basis-points margin improvement in its Medicare Advantage business, CVS executives said in August.

Persons: Caremark, ”, eMarketer, Rajiv Leventhal, Karen Lynch, Lynch, Brian Kane, “, ” Jefferies, Brian Tanquilut, Elizabeth Anderson, Anderson, it’s, eMarketer’s Leventhal, ” Tanquilut, Ann Hynes, Tanquilut, “ they’re, they’re, Michael Cherny, Cherny, Faith Ninivaggi, Reuters Cherny, CVS, Tom Cowhey Organizations: CVS Health, CVS, CNBC, Aetna, Monday, Glenview Capital, Glenview, Evercore ISI, UnitedHealth, Humana, Walgreens, Street Health, Oak, Health, Mizuho, Amazon, Walmart, Oak Street, Leerink Partners, Affordable, Medicare, CVS Health Corp, Reuters, Centers, Medicaid Services Locations: U.S, Caremark, Aetna, Texas and Illinois, Woonsocket , Rhode Island

In the gun case, Mexico officials say gun companies should be held accountable for violent crime across the border involving their products. Circuit Court of Appeals revived the case, saying that the liability shield did not extend to Mexico’s specific claims. Lower courts, including the Cincinnati-based 6th U.S. Circuit Court of Appeals, ruled for the state agency, but Ames then turned to the Supreme Court. The Texas litigation is the latest salvo in a long-running series of fights over where to store nuclear waste.

Persons: WASHINGTON —, — Smith, Marlean Ames, Ames, ” Ames, Gregg Abbott, Obama, Ruben Gutierrez, Gutierrez Organizations: Wesson, Glock, Colt, Arms, Circuit, Appeals, Ohio Department of Youth Services, Civil, Supreme, New, Regulatory Commission, Partners, Gov, NRC, Atomic Energy Locations: Mexican, Mexico, Boston, Cincinnati, Texas, New Orleans, Andrews County , Texas, , Nevada

ISIS executed Yazidi men and boys and committed acts of sexual violence and rape against women and girls, among other crimes, as CNN has reported. Sido said she was then trafficked to different locations across several countries over the next few years. The United States and Iraq confirmed they had coordinated to help evacuate Sido out of Gaza. “The government of Iraq asked us to do whatever we could to get her out of Gaza and get her home. An Israeli diplomat, David Saranga, released a video of Sido reuniting with her family members.

Persons: Fawzia Sido, David Saranga X, Fawzia Amin Sido, Sido, “, ”, Fawzia, Matthew Miller, ” Miller, David Saranga, Saranga Organizations: Islamic, Reuters, ISIS, CNN, Hamas, Israel Defense Forces, Iraq’s Ministry of Foreign Affairs, American Locations: Islamic State, Iraq, Gaza, United States, Sinjar, Al, Hol, Syria, Idlib, Turkey, Istanbul, Hurghada, Egypt, ”, Rafah, Israel, Kerem, Jordan, Allenby, Baghdad, Iraqi, Israeli, Palestinian Hamas

Persons: Fawzia Amin Sido, Sido, “, ”, Fawzia, Matthew Miller, ” Miller, David Saranga, Saranga Organizations: ISIS, CNN, Hamas, Israel Defense Forces, Iraq’s Ministry of Foreign Affairs, American Locations: Gaza, United States, Sinjar, Iraq, Al, Hol, Syria, Idlib, Turkey, Istanbul, Hurghada, Egypt, ”, Rafah, Israel, Kerem, Jordan, Allenby, Baghdad, Iraqi, Israeli, Palestinian Hamas

☆ LA inches closer to launching a basic income program for domestic abuse survivors
▼ + stars: | 2024-10-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

LA advanced a proposal for a new basic income program targeting domestic abuse survivors. It's inspired by the results of the city's BIG:LEAP program, a large-scale basic income pilot. BIG:LEAP found that monthly cash stipends helped abuse survivors leave their partners. AdvertisementLos Angeles is making strides toward a guaranteed basic income program that would target domestic abuse survivors. "Oftentimes, simple solutions are the most effective, and studies have proven that Guaranteed Basic Income works.

Persons: It's, —, Councilmember Hugo Soto, Martínez, Councilmember Curren, Marqueece Harris, Dawson, CIFD, We've, Harris Organizations: LA, Service, Los Angeles City, Soto, National Network, Investment, Families Department, City Council Locations: Los Angeles, Councilmember Curren Price, LA

My husband and I spend money in different ways, but we worked to set our financial goals together. We have our retirement and investments with our favorite financial services company, where we occasionally get advice from our financial advisor. Most of our expenses are debited from this pool of money, set up on auto-pay, of course. We have each other's phone codes, email passwords, and the like, so it was only natural that we both have access to all our money accounts, too. We both have access to all accounts, all credit cards, retirement accounts, and 529 plans, passwords, and all.

Persons: —, I'm, spender, that's, doesn't Organizations: Service, Costco, Walmart Locations: Napa, Florida, incidentals

☆ My husband is the primary breadwinner, and I stay home with the kids. But our marriage is not 'traditional.'
▼ + stars: | 2024-10-04 | by ( Amber Adrian | ) www.businessinsider.com time to read: +4 min

I have a husband and several children, and from the outside, it definitely looks like a traditional setup. Our family life looks traditional in many ways, but in other ways, it isn'tOur life does align with the "provider/protector" and "nurturer/homemaker" gender roles in some ways, and in some ways, looks traditional on the surface. My husband is the primary earner for our family; he works full-time as an engineer to provide for the expanses of our family. I am the primary caretaker for our kids and work to take care of and run the details of our household. For some years in our marriage, my husband didn't understand — and therefore didn't appreciate — all I contributed.

Persons: it's, I'd, we've, I'm, Amber Adrian, Amber Adrian Another

Twice this year, US forces in the region have assisted Israel in intercepting an attack by Iran. Austin announced in early August that he was sending the USS Abraham Lincoln Carrier Strike Group to the region; it arrived later that month. The strike group consists of thousands of sailors and Marines, spanning across three destroyers and a carrier air wing. The USS Spruance and USS Frank E. Petersen Jr., also both guided-missile destroyers that are part of the strike group, were operating in the Red Sea. In addition to the firepower brought by the Lincoln strike group, the Navy has a number of other destroyers and capabilities in the region.

Persons: Israel, Lloyd Austin, Austin, Abraham Lincoln, Spruance, Frank E, Petersen, Bulkeley, Arleigh Burke –, Murphy, Stockdale, Sabrina Singh Organizations: Washington CNN, Israel, Navy, Iranian, Defense, Abraham Lincoln Carrier Strike Group, Lincoln, 24th Marine Expeditionary Unit, Marines, USS, Air Force, Pentagon, US Central Command, Army, Patriot, High Mobility Artillery Rocket Systems Locations: East, Israel, Iran, Iraq, Syria, Iranian, Gulf of Oman, Red, York, Lebanon, Cole, Indianapolis

☆ Ashley and Tyler from 'Love Is Blind' have had the most drama-free relationship so far, but the preview teases there could be trouble ahead
▼ + stars: | 2024-10-04 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

"Love Is Blind" season seven features a cast of singles from the Washington, DC area. Ashley and Tyler, two professionals in their 30s, are one of the seven couples to get engaged. Advertisement"Love Is Blind" is back — and in season seven, seven couples from the Washington, DC area made it out of the pods to meet face to face. AdvertisementUnlike some of the other couples, Ashley and Tyler don't have any significant on-camera tension while on vacation. Tyler and Ashley in "Love Is Blind" season seven, episode six.

Persons: Tyler, —, Ashley, they're, Tyler don't, Netflix Ashley, Ashley don't, what's, Alex Organizations: Service, Netflix, LinkedIn Locations: Washington ,, Mexico

Over the last few months, mortgage rates have dropped dramatically, going from near 7% to below 6%. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. You can calculate this by dividing your closing costs by the amount you're saving on your monthly mortgage payment. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Now that the Fed has started lowering its benchmark rate, mortgage rates are down.

Persons: they've, Freddie Mac Organizations: ADP, Federal Reserve, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed Locations: Chevron

☆ Spirit tumbles to record low on report it's exploring a bankruptcy filing. Here's how it got here
▼ + stars: | 2024-10-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines shares tumbled to a record low on Friday after a report that it's exploring Chapter 11 bankruptcy protection. A bankruptcy filing would mark a dramatic turn for the carrier with its iconic yellow planes that caters to budget-conscious travelers. After the JetBlue deal fell apart, Spirit said in January that it was looking at options to refinance its debt. A Spirit spokesman declined to comment on a the Wall Street Journal report that the carrier is considering a bankruptcy filing. Shares of Frontier Airlines, which originally planned to merge with fellow budget airline Spirit before JetBlue swooped in in 2022, surged 16% on Friday.

Persons: Spirit, Brandon Oglenski, we've, Ted Christie, we're, Perella Weinberg Organizations: Spirit Airlines, JetBlue Airways, Pratt & Whitney, JetBlue, Barclays, Journal, Perella Weinberg Partners, Frontier Airlines, Spirit, JetBlue swooped

☆ Yazidi woman captured by ISIS rescued in Gaza after more than a decade in captivity
▼ + stars: | 2024-10-04 | by ( Nechirvan Mando | Michael Rios | ) edition.cnn.com time to read: +3 min

CNN —A 21-year-old Yazidi woman has been rescued from Gaza where she had been held captive by Hamas for years after being trafficked by ISIS. Fawzia told CNN that she has been returned to Iraq after enduring years of captivity. Over the next few years, Fawzia was trafficked to different locations across several countries. US State Department spokesman Matthew Miller confirmed that the US helped evacuate Fawzia from Gaza. And the government of Iraq asked us to do whatever we could to get her out of Gaza and get her home.

Persons: Fawzia Amin Sido, Fawzia, Hol, ” “, “, Matthew Miller, ”, ” Miller Organizations: CNN, ISIS, Israel Defense Forces, Hamas, IDF, Iraq’s Ministry of Foreign Affairs, American, US State Department Locations: Gaza, Israel, United States, Iraq, Sinjar, Nineveh, Al, Syria, Idlib, Turkey, Istanbul, Hurghada, Egypt, ”, Rafah, Fawzia, “, Baghdad, Iraqi

My husband and I have seen our price of living go up a lot lately, but our credit cards have helped. Credit cards can have a bad reputation, but by using them responsibly, we've benefited. As a result, we have come to rely on our rewards credit cards more than ever. My business credit card helps me keep my spending separateMy husband and I have — for the most part — always kept our spending separate. Note that credit card lenders may use many different variations of credit score models when considering your application.

Persons: we've, —, There's, I'm, I've, It's, Chris Organizations: Service, Chase, Chase Travel, Sapphire, Apple Locations: Denver

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