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☆ 21-year-old left the U.S. for Australia on a working holiday visa—why she says her life is better now
▼ + stars: | 2024-08-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +7 min

Bella Robben has been living in Australia for almost a year. Bella RobbenRobben's original plan was to visit Australia for just one week, but right before the trip she decided to apply for the country's working holiday visa. Bella RobbenIn Australia, Robben says she is able to earn enough to have a life and to save. Now, approaching one year in Australia, Robben says she isn't the same person she was when she first arrived in the country. Bella Robben

Persons: Bella Robben, Robben, Louis, I've, Bella Robben Robben, Port Douglas, that's, it's, she's, I'm Organizations: CNBC, Tourism Board, Student Locations: Australia, St, Louis , Missouri, Peru, Colombia, Europe, Barcelona, London, Lisbon, Melbourne, U.S, Australia's Northern Territory, Robben, Port, Australian, Queensland, Far North Queensland, America, Southeast Asia

☆ Walz ‘misspoke’ in saying he served ‘in war,’ Harris campaign says
▼ + stars: | 2024-08-10 | by ( Aaron Pellish | Dana Bash | ) edition.cnn.com time to read: +2 min

Tim Walz “misspoke” in a newly resurfaced video from 2018 in which he said he handled assault weapons “in war,” a Harris campaign spokesperson told CNN on Saturday. “We can make sure those weapons of war, that I carried in war, are only carried in war,” Walz said in the video. Lauren Hitt, a Harris campaign spokesperson, said in a statement the governor misspoke in the clip. The clarification from the Harris campaign comes as the Trump campaign has sought to discredit Walz’s military service in the days since he joined the Democratic ticket. “What bothers me about Tim Walz is the stolen valor garbage,” Vance said.

Persons: Tim Walz “ misspoke, ”, Harris, JD Vance, Walz, Kamala Harris ’, Vance, “, ” Walz, Lauren Hitt, misspoke, “ Governor Walz, ” Hitt, Donald Trump, Trump, Tim Walz, ” Vance, “ I’d, Tim Sheehy, ” Trump Organizations: CNN, Minnesota Gov, “, Army National Guard, Democratic, Marine Corps, Montana GOP, Navy Locations: Minnesota, Italy, Afghanistan, Michigan, Bozeman , Montana, Montana

☆ Tim Walz's military career: What we know and what we don't know
▼ + stars: | 2024-08-10 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

Tim Walz of Minnesota as her running mate, his military history seemed like an asset. About two months later, after his retirement, his unit, the Minnesota National Guard's 1st Battalion, 125th Field Artillery, was ordered to mobilize. In 1996, he transferred to the Minnesota National Guard and held various field artillery positions, including firing battery chief, operations sergeant, first sergeant, and command sergeant major. A month later, in March 2005, the National Guard announced the potential partial mobilization of troops from the Minnesota National Guard. To retire as a command sergeant major, Walz would also have had to hold the title for three years.

Persons: —, Kamala Harris, Tim Walz, Walz, Kristen Augé, Sen, JD Vance, Vance, Mike Waltz, Harris, That's, @JDVance, Mark Kelly, Donald Trump, It's, Major Organizations: Service, Army, Business, Nebraska and Minnesota National Guards, Minnesota National Guard, Minnesota National Guard's 1st Battalion, 125th Field Artillery, Republican, Bowl, Republicans, Facebook, USMC, US Army, Army National Guard, Nebraska Army National Guard, Records, Federal, Commission, National Guard, Minnesota, Minnesota Public Radio, ABC News, Major Locations: Minnesota, Iraq, Florida, Afghanistan, Italy, Washington, DC

Aiming to unseat three-term Democratic incumbent Jon Tester, Sheehy is founder of Montana-based Bridger Aerospace, an aerial firefighting company. On July 1, Sheehy resigned as chief executive of Bridger to focus on his Senate campaign; the company is seeking a replacement. In mid-June, an editorial in The Wall Street Journal echoed Griffin’s view, branding Sheehy’s company Bridger a success. The PAC spent $5.3 million for Sheehy and $5.7 million against his opponent, Tester, records show. In 2022, Sheehy’s cash and stock compensation neared $5 million, and last year, he received $2.5 million, Bridger’s proxy says.

Persons: Donald Trump, Tim Sheehy, Jon Tester, Sheehy, “, Bridger, Tim, ” Katie Martin, Louise Johns, Ken Griffin, Griffin, Stephen Schwarzman, “ Tim Sheehy, ” Griffin, Marc Cohodes, Cohodes, Sheehy’s, ”, Scott Olson, Blackstone, Matthew Sheehy, Bridger’s, Blackstone Tim Sheehy, Blackstone’s, ” Jon Tester, Andrew Harnik, Schwarzman, haven’t, Farrah Saint, Surin, Matthew, Martin, Bridger ”, Montana . Don, Melinda Crawford, Todd Hirsch, Thomas A, Waldman, Yocca Carlson, I’ve Organizations: Navy, Republican, Montana, Bridger Aerospace, International, Interior Department, U.S . Forest Service, Agriculture Department, Bloomberg, Getty, Wall, Citadel LLC, PAC, Commission, The Blackstone, “ Bridger Aerospace, Blackstone, Small Business Administration, Republican National Convention, Trump, ”, Cattle Company, Tallgrass Energy, Blackstone Group, Bridger, Forest Service, Bridger Air Tanker LLC, Bridger Air Tanker, SBA, ” Companies, Federal, NBC News, Mountain Air LLC, Mountain Air, Air, Service, U.S ., “, Montana ., Rauth Locations: Bozeman , Montana, Bozeman, Mont, New York City, Bridger, America, Montana, Gallatin County, Milwaukee, Riding, disbursements, Surin, ” Saint, U.S, Los Angeles

The U.S. is in what may end up being its biggest summer wave of Covid, with no end yet in sight. This year’s summer wave also began earlier than last year’s, Jha said. “Besides that, there’s not much that we can sort of put our finger on to say this is what’s driving this summer surge," Pekosz said. Jha said that what happens this winter is impossible to predict but that there could be a silver lining to a large summer wave. “A big summer wave tends to lead to a little bit of a smaller winter wave and vice versa, just because there’s a little bit more immunity in the population,” he said.

Persons: ”, Ashish Jha, “ It’s, ” It's, There's, Maria Van Kerkhove, Van Kerkhove, Rosem Morton, Jha, Andrew Pekosz, “, there’s, Pekosz, Michael Phillips, epidemiologist, ” Phillips Organizations: Brown University School of Public Health, White, Covid, World Health Organization, Centers for Disease Control, The Washington, Getty, Food and Drug Administration, CDC, Johns Hopkins Bloomberg School of Public Health, didn't, NYU Langone Health Locations: U.S, Europe, Washington, Western U.S, Texas, California, Florida, North Carolina, Covid, New York City

Through the Family Life Center, her Maui-based nonprofit organization, Cumming planned to build an 88-unit village of modular homes. Workers at the Family Life Center tiny home development, known as Ohana Hope Village, in January. Maude Cumming, CEO of the Family Life Center, in a tiny home at Ohana Hope Village in January. The first 10 families will soon move into a temporary housing project designed to shelter 1,200 people for up to five years. Keys and the plans for tiny homes at the Family Life Center development.

Persons: Maude Cumming, Cumming, ” Cumming, Sarah L, Voisin, JB Rutagarama, Josh Green's, ” Green, Keys, “, ”, Green Organizations: Life Center, Workers, Washington, Getty, Homes, Hope, NBC, Rural Health Association, Gov, Life, NBC News, of Human Services, Airbnb, Human Services Department Locations: LAHAINA, Hawaii, Lahaina, Maui, Kahului, Hawaiʻi

☆ Flood insurance likely doesn't cover storm damage in your basement
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?

Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers

☆ Goldman Sachs added these stocks to its global conviction lists, giving them more than 30% upside
▼ + stars: | 2024-08-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Goldman Sachs has added a number of stocks to its lists of top picks for August. These lists are the bank's "curated and active" picks of between 15 and 30 top buy-rated stocks for each region. Goldman gave the stock a price target of 2,499 pence ($31.79), or about 34% upside. Goldman gave the stock a price target of 13.98 Hong Kong dollars ($1.79), or about 46% upside. Goldman gave the stock a price target of 125 Chinese yuan ($17.51), or nearly 61% upside.

Persons: Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: Goldman, Lenovo, Hong Locations: United States, Europe, Asia, London, U.K, Hong Kong

☆ The Big Number: $8.4 Billion
▼ + stars: | 2024-08-09 | by ( Santul Nerkar | ) www.nytimes.com time to read: +1 min

Disney reported revenue of $8.4 billion for its theme park unit for the three months that ended in June. While that was a 2 percent increase from the previous year, it was lower than expected, in a sign that stubborn inflation and high interest rates were weighing on Americans’ ability to sail on Disney cruise ships and visit parks like Disney World. Disney, in its earnings report on Wednesday, blamed a “moderation of consumer demand.”Robert Iger, Disney’s chief executive, has called its theme parks “a key growth engine.” And for the past decade, the company has relied on the parks to help offset losses in other divisions, as it has spent billions on its streaming services while revenue in its cable television business has declined. Disney’s streaming service turned a profit in the quarter for the first time, but since April 1, the company’s stock has fallen around 29 percent. “The lower-income consumer is feeling a bit of stress, and the higher-income consumer is traveling internationally a bit more,” Hugh F. Johnston, Disney’s chief financial officer, said Wednesday on a conference call with analysts.

Persons: Robert Iger, Hugh F, Johnston Organizations: Disney

☆ DuPont's AI ties drew us in, but its water unit may be the sleeper hit
▼ + stars: | 2024-08-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

DuPont's water business DuPont is considered a leader in purification and specialty-separation technologies that generates cleaner water for industries, governments, and communities. Arun Viswanathan, analyst at RBC Capital Markets, characterizes Dupont's water business' next-generation products as being "at the top of the technology pyramid." Dupont's water business is the smallest of the three companies that will be created by the breakup. As this exercise shows, DuPont's water business as a standalone firm would certainly deserve that compared to some. Potential M & A It's possible DuPont's water business never makes it to standalone status.

Persons: we've, Jim Cramer, It's, Lori Koch, it's, Aleksey Yefremov, Arun Viswanathan, Viswanathan, Dupont, RBC's Viswanathan, DuPont, KeyBank's Yefremov, EBITDA, Pentair, Veralto, Yefremov, They'll, they'll, —, Koch, Ed Breen, Jim Cramer's, Jim, Jeff Fusco Organizations: DuPont, CNBC, JPMorgan, Bank, Barclays, RBC Capital Markets Locations: China, North America, Asia, East, Africa, America, Yefremov, Wilmington , Delaware

The rally in Bozeman was Trump’s first since Vice President Kamala Harris officially secured the Democratic nomination and selected Minnesota Gov. “We need the Senate,” Trump told the crowd Friday, stressing the critical nature of the contest here. “His really is valor,” Trump said of Sheehy, who served in Iraq and Afghanistan, among other deployments. Trump used the attention to toss a familiar laundry list of attacks against Harris, Walz and Democrats more broadly. “You can imagine if President Trump had to call Chuck Schumer and try to figure out how to get his nominees through,” Daines said.

Persons: Donald Trump, Sen, Jon Tester, Trump’s, Kamala Harris, Tim Walz, ” Trump, Trump, Matt Rosendale, Tim Sheehy, –, Ronny Jackson, Jackson, Tester, “, Donald Trump’s, ”, Harris, Walz, Ohio Sen, JD Vance, Vance’s, Vance, I’m, Sheehy, ” Vance, ” Walz, mispronounced Harris, ” “ Kamala, Kamala, she’s, Montana Sen, Steve Daines, Daines, Chuck Schumer, ” Daines, Sherrod Brown’s, CNN’s David Wright Organizations: Montana CNN, GOP, Democratic, Minnesota Gov, Trump, Senate, Navy, Senate Veterans ’ Affairs, White, Veterans Affairs Department, ” New Democratic, Republican, Marine Corps, ABC, Army National Guard, Congress, National Republican Senatorial Committee, Montana Republicans Locations: Bozeman, Montana, Rosendale, Texas, Pennsylvania, Michigan, Wisconsin, Arizona, Iraq, Afghanistan, Florida, Lago, Minnesota, nonjudicial, ” The Montana, Ohio

☆ Boeing's new outsider CEO Ortberg takes the helm, this time from the factory floor
▼ + stars: | 2024-08-08 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +8 min

Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. Boeing's new CEO, Robert "Kelly" Ortberg. Ortberg’s Day 1 activity is walking the floor of Boeing’s factory in Renton, Washington, where it builds its bestselling but problematic 737 Max. The airline’s CEO hinted at the big feat Ortberg has ahead of him. “We look forward to working with Kelly Ortberg in his efforts to return Boeing to its place as the leading American aerospace company,” CEO Bob Jordan said in a written statement.

Persons: Robert “ Kelly ” Ortberg, Robert " Kelly, Ortberg, ”, Rockwell Collins, Richard Aboulafia, ” Ortberg, Boeing’s, Butch Wilmore, Suni Williams, Ron Epstein, “, isn’t, ” Jon Holden, Dave Calhoun, Calhoun, Dennis Muilenburg, Max, Chicago —, Kelly Ortberg, Bob Jordan, —, Michael Sheetz Organizations: Boeing, AFP, Getty, Ortberg’s, National Transportation, Air Force One, NASA, SpaceX, International Space, Airbus, Bank of America, International Association of Machinists, Aerospace Workers, Arlington , Virginia —, ”, Southwest Airlines Locations: U.S, Renton , Washington, Portland , Oregon, “, Washington state, Oregon, Arlington , Virginia, Chicago, Seattle, American

☆ JPMorgan raises 2024 recession odds to 35%
▼ + stars: | 2024-08-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The bank raised its probability for a U.S. or global recession to 35% by year end, chief global economist Bruce Kasman told clients in a Wednesday note. Meanwhile, JPMorgan kept its odds for a recessionary period by the second half of 2025 at 45%. But traders got better news on the labor market front on Thursday, with the volume of weekly jobless claims coming in lower than economists expected. To be sure, despite raising his odds, Kasman said investors should not assume all signs point to a recession. In fact, Kasman described his increase to near-term recession risk as modest.

Persons: Bruce Kasman, Kasman, Goldman Sachs Organizations: JPMorgan, Federal, Fed Locations: U.S

☆ David Copperfield accused of trashing his $7 million NYC penthouse in new lawsuit
▼ + stars: | 2024-08-08 | by ( Geoff Weiss | Jordan Pandy | ) www.businessinsider.com time to read: +1 min

Celebrity magician David Copperfield is being sued by his condo board. The suit accuses Copperfield of neglect that has resulted in millions in building damages. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFamed magician David Copperfield is being sued by the board of his New York City condo, which claims he trashed his penthouse upon moving out in 2018 and let it "devolve into a state of utter disrepair."

Persons: David Copperfield, Copperfield, — Organizations: Service, New, Business Locations: New York City

☆ My husband and I met while training for triathlons. Our marriage is stronger for it.
▼ + stars: | 2024-08-08 | by ( Lauren Gumpert | ) www.businessinsider.com time to read: +5 min

In a fitting end to my athletic career, my husband and I got married after competing together on the college triathlon team. As our family continues to grow and change, we maintain a team-oriented approach that strengthens our bond in several ways. We continue to practice and improveSince we're still pretty new to the parenting game, we don't have much training under our belts. But hard things become easier with practice, something that my husband and I understand after years of athletics. Back when we were competing, my husband and I devoted extra time to our mental and physical well-being.

Persons: Thomas, it's, We've, he'll, we'll Organizations: Service Locations: LSU's

☆ 'Beef' and 'Star Trek' actor Patti Yasutake dies at 70
▼ + stars: | 2024-08-07 | by ( Samantha Kubota | ) www.nbcnews.com time to read: +1 min

“Beef” actor Patti Yasutake has died at the age of 70. Yasutake, who was arguably best known for her role as Nurse Alyssa Ogawa on “Star Trek: The Next Generation” and subsequent “Star Trek” franchises, died Monday. Fritz said the actor died surrounded by her family after a long battle with cancer. Yasutake was born and raised in Los Angeles, Fritz said, and graduated UCLA with honors in theater. A working actor her whole life, Yasutake had a slew of theater credits and got her start at East West Players in Los Angeles, Fritz said.

Persons: Patti Yasutake, Yasutake, Alyssa Ogawa, “ Patti, ”, Kyle Fritz, Fritz, Fritz said, Gung Ho ”, “, Linda Hayashi, Steven Yasutake Organizations: Beef, “, UCLA, East West Players, Galveston ” Locations: Los Angeles, Galveston

☆ He won gold for the Philippines. Then the gifts started pouring in — including a $600,000 condo and a lifetime supply of ramen.
▼ + stars: | 2024-08-07 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

These freebies are in addition to the Philippine House of Representatives' cash incentive of 3 million Philippine pesos granted to all gold medalists. In the US, gold medalists take home $37,500. Hong Kong — which offers the highest bonus — awards 6 million Hong Kong dollars, or about $768,000, to its gold medalists, per CNBC. AdvertisementCorrection: August 7, 2024 — An earlier version of this story misdescribed Hong Kong. It's 6 million Hong Kong dollars, not 600,000 Hong Kong dollars.

Persons: —, Carlos Yulo, freebies, Yulo, Megaworld, Virgil Lo, Bucket, Marcus Luer, Luer, James Crane, Buchwald, Joseph Schooling, Nestlé's Milo, Yakult, Hugo Boss, it's Organizations: Service, Olympics, Paris, McKinley, Business, Apollo Home Depot, Philippine, Hong, CNBC, Total Sports Asia, Olympic Games Locations: Megaworld, Taguig, Manila, Hong Kong, Singapore, Philippines, China

☆ Disney beats estimates as combined streaming services turn a profit
▼ + stars: | 2024-08-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Disney's combined streaming business, which consists of Disney+, Hulu and ESPN+, turned a profit for the first time — and it happened a quarter earlier than the company had expected. Executives on Wednesday's earnings call touted the progress of Disney's streaming business toward profitability, a goal for all media companies as they look to chase customers switching to streaming. The combined streaming business posted an operating profit of $47 million compared with a loss of $512 million in the same quarter last year. Meanwhile, in May, Disney highlighted a slightly different metric, noting that Disney+ and Hulu together turned a profit, but when combined with ESPN+, the streaming businesses suffered a loss. "I feel very bullish about the future of this business," Iger said during the call.

Persons: Bob Iger, Hulu, Jaque Silva, Iger, We're, Hugh Johnston, Johnston Organizations: Disney, Hulu, ESPN, Getty, Total Hulu, Revenue, Netflix, Warner Bros . Discovery, Fox, Star India Locations: PARAGUAY, India

☆ Disney falls on concerns about its theme park business. Here's why we'd buy the stock
▼ + stars: | 2024-08-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. The combined streaming business — encompassing Disney+, Hulu and ESPN+ — turned in its first-ever quarterly profit slightly ahead of schedule. Then, about two weeks ago, CNBC parent Comcast issued weak April-to-June results for its Universal theme parks business, which weighed on Disney's stock in that session . And, at this point, getting to profitability in the combined streaming business, which adds ESPN+ into the mix, was the biggest focus. "So, I do believe the parks business is in fundamentally good shape.

Persons: LSEG, —, Jim Cramer, Jim, we're, Hugh Johnston, Johnston, Disney, Bob Iger, Jim Cramer's, Walt, Gary Hershorn Organizations: Disney, Revenue, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, Hulu, CNBC, PepsiCo, Wall Street, ABC Network, Geographic, Management, Magic, Walt Disney World, Corbis, Getty Locations: U.S, India, Orlando , Florida

☆ In a reversal, Disney's media assets are starting to generate more excitement than its parks
▼ + stars: | 2024-08-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Here's a surprise: Disney 's media business isn't weighing down the company anymore. Disney's combined streaming businesses — Disney+, Hulu and ESPN+ — turned a quarterly profit for the first time ever, making $47 million. Meanwhile, Disney saw a "moderation of consumer demand towards the end of [fiscal] Q3 that exceeded our previous expectations" for its theme parks division. The company said last year it plans to invest $60 billion in its theme parks and cruise lines in the next decade. Disney shares dropped Wednesday, likely because investors were focused on the parks.

Persons: Here's, —, Disney, Bob Iger, Iger, Captain America, we're, Hugh Johnson Organizations: Hulu, ESPN, Disney, Netflix

☆ I have stiff-person syndrome. It's hard to diagnose and treat, so I plan to travel the country in an RV looking for answers.
▼ + stars: | 2024-08-07 | by ( Kelly Burch | ) www.businessinsider.com time to read: +7 min

I have stiff-person syndrome. I've only been living with symptoms for 15 months, but stiff-person syndrome has changed my life. This is stiff-person syndrome." Our first stop is the University of Colorado, which is at the cutting edge of clinical trials for stiff-person syndrome. Friends with stiff-person syndrome have also suggested I visit the Mayo Clinic and a specialist in northern California.

Persons: Carrie Robinette, Jared, It's, Celine Dion, wasn't, I've, haven't, Sham, Dholakia, I'm Organizations: Service, San Diego, Business, Department of Defense, SPS, University of Colorado, Mayo Clinic Locations: San, Washington ,, San Diego, Southern California, California

☆ Consumer giants from Starbucks to General Mills have one big sales problem: China
▼ + stars: | 2024-08-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market. "Consumer sentiment in China is quite weak," McDonald's chairman, CEO and director Christopher Kempczinski, said of the quarter ended June 30. Apple said Greater China sales fell by 6.5% year-on-year in the quarter ended June 29. Procter and Gamble said China sales for the quarter ending late June fell by 9%. The only public disclosures regarding Peet's China business described it as "strong double-digit organic sales growth" in the first half of the year.

Persons: —, Christopher Kempczinski, McDonald's, Lei Meng, Apple, Johnson, that's, General Mills, Kofi Bruce, Mills, Andre Schulten, Procter, Gamble, Schulten, Marriott's, Domino's, DPC Dash, There's, James Quincey, Quincey, We've, Laxman Narasimhan, Luckin Organizations: Nurphoto, Getty, BEIJING, U.S, Nationwide, UBS Securities, General, Procter, Marriott, Asia Pacific, Starbucks Locations: Yichang, Hubei province, China, U.S, Canada, Greater China, Southeast Asia, Japan, South Korea, Asia, Peet's

☆ Americans just can’t quit their giant, gas-burning trucks
▼ + stars: | 2024-08-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

A ‘harsh reality’ for EVsFord likes to brag about its growing EV sales, but its profit is still primarily coming from the sales of gasoline powered trucks and SUVs. Ford isn’t the only automaker pulling back on its EV plans and making new investment in ICE vehicles. This is not to say that the traditional automakers are dropping their EV plans altogether or that EV sales are falling. But EV sales, which initially grew at a double-digit pace, haven’t shot up exponentially as automakers hoped or expected. That uncertainty about the future of US EV incentives prompted automakers to reconsider their earlier EV plans.

Persons: Ford, ” Ford, Jim Farley, hasn’t, EVs Ford, ”, Ivan Drury, Mary Barra, EVs, Stellantis, haven’t, Tesla, Donald Trump, Elon Musk, Carlos Tavares Organizations: New, New York CNN, EVs, Canadian, Ford, Super, Kentucky, Super Duty, Ford’s, Ford Expedition, GM, ICE, United Auto Workers, “ Locations: New York, Oakville , Ontario, Toronto, Mexico, Oakville, Kentucky, Ohio, EVs, United States, Edmunds, North America, Europe

☆ CVS slashes profit guidance, will cut $2 billion in expenses as insurance costs climb
▼ + stars: | 2024-08-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on Feb. 7, 2024. CVS Health on Wednesday slashed its full-year profit outlook again and announced a new plan to cut $2 billion in expenses over several years as higher medical costs squeeze the company and the broader U.S. insurance industry. CVS also cut its unadjusted earnings guidance to a range of $4.95 to $5.20 per share, down from at least $5.64 per share. Those ratings help Medicare patients compare the quality of Medicare health and drug plans. Medicare Advantage, a privately run health insurance plan contracted by the federal Medicare program, has long been a driver of growth and profits for the insurance industry.

Persons: Brian Kane, Karen Lynch, Thomas Cowhey, Katerina Guerraz, Lynch, LSEG, CVS, Cowhey, Caremark Organizations: CVS Health Corp, CVS Health, Aetna, CVS, Affordable, Medicare, UnitedHealth, Humana, Elevance, LSEG Locations: Las Vegas , Nevada

The American Red Cross is facing an emergency blood shortage after the national supply fell by more than 25% since July 1. The organization said Monday that extreme temperatures and oppressive heat waves impacted almost 100 blood drives last month, in almost every state where the Red Cross collects blood. Blood donations typically slow down during the summer because of travel and other seasonal activities, but the Red Cross said extreme heat exacerbated the challenge, contributing to a shortfall of more than 19,000 blood donations in July. Type O blood is routinely in short supply because type O positive is the most common blood type, and type O negative is the universal blood type needed for emergency transfusions. Those who donate by Aug. 31 will receive a $20 Amazon gift card, the Red Cross said.

Persons: Melissa Destross, “ I’ve, Dr, Barry Siegfried Organizations: Cross, Red Cross Michigan, Connecticut Blood Center, NBC Locations: Detroit, Connecticut, NBC Connecticut

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