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Read previewA woman has accused star real estate broker Tal Alexander and his brother Alon of raping her at a Manhattan apartment in 2012. Earlier this year, two other women filed separate lawsuits accusing Alon and a third brother, Oren Alexander, of rape. Tal and Oren Alexander cofounded the luxury real-estate brokerage Official. An attorney for Tal Alexander did not immediately return an email Tuesday seeking comment on the allegation. They also developed a reputation in the brokerage business for their aggressive approach in courting wealthy clientele and elbowing other brokers out of transactions.
Persons: , Tal Alexander, Alon, Oren Alexander, Angelica Parker, Tal, Oren, Parker, vaginally, Sean Zanni, Patrick McMullan, Isabelle Kirshner, Kirshner, Michael Willemin, Angelica, Willemin, Douglas Elliman, Rebecca Mandel, Kate Whiteman, Evan Torgan, Mandel, Whiteman, everyone's, they'll, it'll Organizations: Service, Business, Partners, Hamptons Locations: Manhattan, New York, SoHo, NY
In order to avoid economic catastrophe, he argued, people should save more money and work longer. The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. For one, many older people cannot work because of a disability or because they need to care for someone else with a disability. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult." He's asking people who have not yet retired to work longer than their elders did and to save even more money, without changing the systematic barriers to either.
Persons: Larry Fink, behemoth BlackRock, Fink, Daniel Ross, Ross, he's, Emily Dickens, SHRM's, We've, Stacie Haller, Patrick Button, Button, ResumeBuilder.com, Gen, we've, Mother Jones, Lilly Organizations: Social Security, Lawyers, Society, Human Resources Management, US Chamber of Commerce, Tulane University, IBM, Employment, Commission, Scripps Medical Clinic, Employers Locations: Down, Texas, Austin, San Diego
Almost 72 million people across the country were under warnings of extreme heat Monday morning, the National Weather Service said. With Thursday's seasonal solstice taking place amid a weeklong heat wave expected for the East Coast and the Midwest, the summer of 2024 is coming in hot. Extreme heat warnings were in place for Chicago, St. Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston, New York City and Albany, New York. The weather service office for Pittsburgh said it "could be the most impactful heat wave of the 21st century." The weather service is also on the lookout for any possible tropical storms developing in the Gulf, it said.
Organizations: National Weather Service, East, Prediction, Midwest, The Nevada Division, Emergency Management, Pittsburgh, Buffalo Public Schools, Dakotas Locations: Phoenix , Arizona, U.S, East Coast, Chicago, St, Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston , New York City, Albany , New York, Ohio, East, Phoenix, Buffalo, Minnesota, Gulf, Mexico, Texas, Louisiana
The Israeli military said on Monday that it had paused operations during daylight hours in parts of the southern Gaza Strip, as a new policy announced a day earlier appeared to take hold, along with cautious hopes that it would allow more food and other goods to reach desperate civilians. Aid workers said they hoped that the daily pause in the Israeli offensive would make it less dangerous to deliver vital supplies to areas in central and southern Gaza from Kerem Shalom, a key border crossing between Israel and Gaza, removing one of many obstacles to their beleaguered operations. But aid agencies warned that other restrictions on movement, as well as lawlessness in the territory, would still make it difficult to meet the dire needs of Gazans struggling to survive after eight months of war. With stockpiles in southern Gaza dwindling, “maybe for a couple of weeks they’ll have enough food, but if we cannot have access and sustain that, then that’s going to be a big problem,” said Carl Skau, the deputy director of the World Food Program, an arm of the United Nations that distributes food in Gaza. Food supplies in southern Gaza were “more stabilized a month ago, but we are really concerned now,” said Mr. Skau, who visited Gaza last week.
Persons: , Carl Skau, Skau Organizations: Food Program, United Nations Locations: Gaza, Kerem, Israel
There was a widely-held perception that the golfer was a highly-strung, uber-competitor, whose desire to win often grated on his rivals. DeChambeau called his bunker effort “possibly my best golf shot of my entire life.”DeChambeau 2:0 is the result of a “lot of personal growth,” according to the golfer. YouTube has really helped me accomplish some of that,” DeChambeau told reporters afterwards. It’s such an awesome, awesome platform for me to show who I truly am.”DeChambeau’s YouTube channel currently has over 700,000 subscribers. “All day,” DeChambeau told CNN’s Patrick Snell when asked whether he felt Jon’s presence with him during Sunday’s action.
Persons: Bryson DeChambeau, Rory McIlroy’s, DeChambeau, , I’ve, ” DeChambeau, CNN’s Patrick Snell, “ It’s, LIV, , ” Andrew Redington, I’m, Jon Organizations: CNN, LIV Golf, PGA, YouTube Locations: Pinehurst, North Carolina, Saudi
CNN —The best athletes break all sorts of new ground in pursuit of greatness, looking for that extra tiny percent that can propel them above their rivals. For Bryson DeChambeau that extra kick might be found in the most surprising of places – Epsom salt. After taking control of the US Open with a captivating third-round performance on Saturday, the American elaborated on his habit of salting his golf balls before playing, just another aspect of his analytical approach to the game which has earned him the nickname of “The Scientist.”“I put my golf balls in Epsom salt,” he told reporters. “Essentially we float golf balls in a solution to make sure the golf ball is not out of balance.”His manager, Connor, was in charge of salting the golf balls, DeChambeau explained, to find out “how much out of balance” they were. “There’s always going to be an error, especially when it’s a sphere and there’s dimples on the edges,” he added.
Persons: Bryson, , , Connor, DeChambeau, “ There’s, dimples, ” Bryson DeChambeau, Gregory Shamus, LIV, Rory McIlroy, Matthieu Pavon, Patrick Cantlay Organizations: CNN Locations: Epsom
Washington CNN —America’s top central banker recently said the job market now looks the way it did before the Covid-19 pandemic drastically upended society. Before the Bell spoke with Julia Pollak, chief economist at jobs site ZipRecruiter, about her views of the job market. Before the Bell: Do you agree with Chair Powell’s view that today’s job market is back to a pre-pandemic normal? Why is the job market slower now? The number of job openings is higher than it was by around 15% or so, but online job postings are actually lower by ZipRecruiter’s count.
Persons: Washington CNN —, , Jerome Powell, Powell, it’s, Bell, Julia Pollak, they’re, They’re, Olesya Dmitracova, Emmanuel Macron, Read, Patrick Harker, Lisa Cook, Tom Barkin, Susan Collins, Adriana Kugler, Lorie Logan, Alberto Musalem, Goolsbee Organizations: CNN Business, Bell, Washington CNN, Fed, Labor, EU, National, New York Fed, Manufacturing Index, Reserve Bank of Australia, US Commerce Department, Federal Reserve, National Association of Home Builders, Accenture, Kroger, Darden, Bank of England, US Labor Department, Philadelphia Fed, Richmond Fed, Global, National Association of Realtors Locations: Washington, France, Wells Fargo
Bryson DeChambeau’s brilliant bunker shot at 18 and winning putt that followed capped off a remarkable week at Pinehurst No. His second U.S. Open win comes at age 30, another rare accomplishment. Bryson must get up and down from the bunker to win the U.S. Open. This is arguably the most painful in the disappointing decade-long run of major championship Sundays for Rory McIlroy. DeChambeau will try to become the first player since Woods in 2000 to win The Open and U.S. Open in the same season.
Persons: Bryson, Dustin Johnson, Tiger, DeChambeau, Angel Cabrera, Bobby Jones, Jack Nicklaus, Tiger Woods, Nicklaus, Woods, Ernie Els, Brooks Koepka, Wyndham Clark, Brian Harman, Scottie Scheffler, Xander Schauffele, Raymond Floyd, Jerry Pate, Johnny Miller, Dave Stockton, Tom Watson, Hubert Green, WsOg54UKWR, Rory McIlroy, putts, McIlroy, Jim Furyk, Jack Hobens, Hale Irwin, Julius Boros, Patrick Cantlay, Tony Finau, It’s, Neal Shipley, Luke Clanton, Shipley, Phil Mickelson, Matt Kuchar, Viktor Hovland, Ken Venturi, Matthieu Pavon, Pavon, Gregory Havret, Louis Tellier, Wunderkind Ludvig Åberg, Francis Ouimet, Åberg, Gregory Shamus, Scheffler, couldn’t, Henrik Stenson, Arnold Palmer, Tom Weiskopf, Ross Kinnaird Organizations: Pinehurst, U.S, Amateur, U.S ., Valhalla, Congressional, Masters, Royal Troon, Getty Locations: U.S, Oakmont, Pebble, Pinehurst, DeChambeau, France, bookending
Saurabh Netravalkar (left) bowled the decisive Super Over to help the USA to its famous victory over Pakistan at the Men's T20 Cricket World Cup. A momentous dayBorn and raised in Mumbai, India, USA bowler Saurabh Netravalkar began playing cricket from an early age. Such was the promise he showed that he was selected for India’s team for the Under-19 World Cup in 2010, finishing the tournament as the country’s leading wicket taker. Not only is the US one of the co-hosts for the T20 World Cup for the first time, but it is making its debut appearance on this stage. The USA's success at the T20 World Cup has captured the hearts and minds of supporters at its home games.
Persons: Saurabh Netravalkar, Matt Roberts, Netravalkar, , , Andrew Caballero, Reynolds, Aaron Jones, ” Jones, CNN’s Patrick Snell, Jones, Virat Kohli, Rohit Sharma, Adam Hunger, Ali Khan, Nosthush Kenjige, ” Kenjige, Stuart, , , , US –, We’ve Organizations: CNN, USA men’s, India, Pakistan, ICC, Ireland, India national, Cornell University, Cricket Council’s, USA, BBC, Veteran USA, USA Cricket, Stuart Law, Major League Cricket, US, Canada Locations: Pakistan, Mumbai, India, USA, New York, San Francisco, AFP, Queens , New York, Barbados, Caribbean, Dayton , Ohio, South Africa, New Zealand
Insider Today: Meta's manager squeeze
  + stars: | 2024-06-16 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Apple announced Apple Intelligence at WWDC 2024. CEO Tim Cook unveiled Apple Intelligence, a generative AI system partly powered by ChatGPT (for now). Assuming Apple Intelligence works as intended, there will be even more reason to switch to or stay with Apple. Add it all together, and, as Linette Lopez writes, Apple may be the one Big Tech company getting AI right.
Persons: , there's, Jimmy Donaldson, Justin Sullivan, Apple, Tim Cook, Katie Notopoulos, OpenAI, Linette Lopez, Alyssa Powell, Fitch, it's, Abercrombie, Mark Zuckerberg, Michel Shvo Patrick McMullan, Chelsea Jia Feng, Michael Shvo, Shvo, he's, Grace J, Kim, Gen Zers, There's, isn't, Z Organizations: Service, Business, Apple, Apple Intelligence, Google, Microsoft, Big Tech, Getty, Abercrombie, Fitch, GameStop Locations: cologne, New York City
Four years ago, after officials in Grand Prairie, Texas, were pitched an idea to turn the city’s underused minor league ballpark into a stadium for cricket, the city’s manager, Bill Hills, thumbed through a copy of “Cricket for Dummies.”Like most Americans, Mr. Hills was oblivious to cricket, although that is starting to change. Last year, the 7,200-seat stadium in Grand Prairie became the new home of the Texas Super Kings, one of six teams that played in the inaugural season of Major League Cricket. A few days later, more than 34,000 cricket fans watched India narrowly beat Pakistan at a temporary stadium built in Long Island. When Los Angeles hosts the 2028 Summer Olympics, cricket will be among the new sports being played. That includes backers of Major League Cricket franchises hatching plans for dedicated cricket stadiums in their own cities.
Persons: Bill Hills, Hills, Satya Nadella Organizations: Cricket, Texas Super Kings, Major League Cricket, U.S ., team’s, Pakistan, Los Angeles, San Francisco Unicorns, Los Angeles Knight Riders, Seattle, Microsoft Locations: Grand Prairie , Texas, Grand Prairie, Pakistan, United States, India, Long Island
Major winners, all-time greats and two of the world’s top 10 struggled on the North Carolina course on the first and second day. Phil Mickelson hits from the bunker on the ninth hole during the second round. When asked by CNN’s Patrick Snell if he might have played his last US Open, Woods cast doubt on his future at the tournament and also at the Open Championship in the UK. World No.5 Hovland missed the cut by a shot with his six-over overall, while world No.10 Homa also saw his championship end early. Fowler also started steadily on Thursday, but his game unravelled on Friday as he ended the day seven over, missing the cut by three shots.
Persons: Phil Mickelson, Dustin Johnson, Justin Thomas, Viktor Hovland, Justin Rose, Rickie Fowler, Webb Simpson, Jason Day, Scottie Scheffler –, Frank Franklin II, CNN’s Patrick Snell, Woods, Hovland, Homa, Thomas, Mickelson, Fowler Organizations: CNN, PGA Locations: Pinehurst, Carolina
Dries Van Noten Takes His Exit
  + stars: | 2024-06-15 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
On a recent afternoon, the designer Dries Van Noten sat in the sprawling old warehouse that houses his Antwerp headquarters, with its bare concrete walls, vintage oak cupboards and views over the city’s harbor. He was altering a jacket for his coming men’s wear show: a nip here, a seam moved there. Then, Mr. Van Noten said, a member of his team pointed out that it was the last piece of the men’s collection this season. As Mr. Van Noten recounted later, “I said, ‘That’s not the last piece of the men’s collection: It’s the last piece of my career.’”In March, six years after selling the company he founded in 1986 to Puig, the Spanish luxury group, Mr. Van Noten, 66, did something truly rare in fashion: He announced his retirement. This men’s wear show, next Saturday in Paris, will be his last.
Persons: Van Noten, , ‘ That’s, ’ ”, Puig, Patrick Vangheluwe Locations: Antwerp, Spanish, Paris, Amalfi Coast, Italy
CNN —Bryson DeChambeau lay sprawled on his back, gazing up at the towering pine trees as a physiotherapist worked him over. Once maligned by some golf fans, DeChambeau – whose personal YouTube channel continues to amass subscribers – has embraced his new-found role as a crowd-favorite. After his tee shot pulled into a bunker, the American came close to holing out with his mesmerizing subsequent swing. To top it all off, there was a spot of mid-round physiotherapy – permitted by the PGA Tour – in the woods ahead of the 11th hole. “Another frustrating day,” Scheffler told reporters.
Persons: CNN — Bryson DeChambeau, LIV, ” DeChambeau, I’ve, DeChambeau –, DeChambeau, Gregory Shamus, , , Bryson, ” “ I’ve, “ I’ve, ” McIlroy, Scheffler, Rory McIlroy, “ You’ve, Matt York, Matthieu Pavon, Frenchman, ” Pavon, Pavon, Patrick Cantlay, Scottie Scheffler’s, ” Scheffler, Andrew Redington Organizations: CNN, PGA, U.S, Northern, , U.S . Locations: Carolina’s, New York, Pinehurst,
Amid an uncertain future for NBA coverage on TNT, Charles Barkley said he will retire from TV after next year. “I have made the decision myself, no matter what happens, next year is going to be my last year on television,” Barkley said on NBA TV after Game 4 of the NBA Finals on Friday. The NBA Hall of Famer said he’s spoken with other networks and plans to stay with TNT until he retires. “I really love TNT, all the people who work here, NBA Television. NBC is the favorite for the final share of TV rights.
Persons: Charles Barkley, , ” Barkley, he’s, there’s, Dan Patrick, , Discovery’s, Ernie Johnson, Kenny Smith, Shaquille O’Neal, Barkley, Mitchell Layton Organizations: NBA, TNT, of Famer, NBA Television, ESPN, Amazon, Athletic, NBC, Warner Bros, , CBS Sports, Getty
On board the Russian warship visiting Cuba
  + stars: | 2024-06-14 | by ( Patrick Oppmann | ) edition.cnn.com   time to read: +5 min
But now I was in a line for something unexpected: to board a Russian warship docked in Havana’s harbor. When a Russian diplomat told me that starting on Thursday, the Admiral Gorshkov frigate would offer tours to the public for three days, I was somewhat skeptical. People line up to visit Russian frigate Admiral Gorshkov (not pictured) docked in Havana's bay, Cuba, June 13, 2024. I noticed one of the Russian sailors taking in the blue skies and calm waters around us. For a Russian sailor, Cuba could be as good as it gets these days.
Persons: Admiral, Vladimir Putin’s, , , Donald Trump, Gorshkov, Alexandre Meneghini Organizations: Havana CNN —, Cuba’s Ministry of Defense, Cuban Navy, Reuters, Pentagon, US Navy Base Locations: Havana, Cuba, Russian, Havana’s harbor, Kazan, Moscow, Washington, Ukraine, Cuban, Reuters Russian, York, Russia, Guantanamo Bay
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Gas prices today are not cheap – but they are miles away from that point. Of course, gas prices were cheaper during the Covid-19 pandemic because demand was severely low. In part because they are so visible, gas prices play a key psychological role in how people feel about the economy. “But there is more work to be done — the President remains committed to lowering prices at the pump for Americans and maintaining a stable and secure energy supply.”Real gas prices are cheaper than in 2018Many people may wish for the $2 gas prices of last decade. “Inventories are likely headed back to normal levels, which will keep gasoline prices lower throughout the summer driving season.
Persons: New York CNN —, , Patrick De Haan, it’s, “ We’ve, De Haan, Joe Biden’s, Mark Zandi, Angelo Fernández Hernández, That’s, , Rob Thummel, ” Thummel Organizations: New, New York CNN, AAA, Labor Statistics, Federal Reserve, White, Moody’s Analytics, , CNN, Covid, US Energy Information Administration, White House Locations: New York, California, Utah, Washington, Idaho, Arizona, Wisconsin, Nevada, United States, OPEC, Ukraine, Israel, Gaza
CleverCards, a Dublin-based firm, uses a digital platform linked to configurable expense cards to give companies control over how their employees use their corporate payment cards. CleverCards CEO Kealan Lennon says his platform aims to tackle exactly that. Lennon said that CleverCards' funding round stood out in what has been a brutal market for dealmaking and fundraising in fintech. CleverCards will use the fresh funds to expand its business, scale its products and explore broader opportunities, it said. In addition to the fundraise, CleverCards appointed five new non-executive directors to its board with experience in payments technology.
Persons: Robert Half, Kealan Lennon, Lennon, CleverCards, CleverCard, It's, we've, Patrick Waldron, Donal Daly, Marc Frappier, Garry Lyons, Viktoria Otero del Val Organizations: CNBC, eBay, Accenture, Microsoft, Apple, Stripes Locations: Dublin, France, Adyen, Betfair, fintech
2 across its 117-year history, but on Friday the North Carolina course received perhaps its greatest appraisal yet: it made Scottie Scheffler look human. 1’s unflappable brilliance finally buckled during the second round of the 124th US Open on Friday. Today I just couldn’t get the putts to fall,” Scheffler told reporters after his round. “That pissed me off,” Schauffele, who shot one-under 69 to climb into a share of ninth at one-under overall, told reporters. “As far as my last Open Championship or US Open Championship, I don’t know what that is.
Persons: Scottie Scheffler, Scheffler’s, ” Scheffler, I’ll, Scheffler, Scheffler muttered, Gregory Shamus, Xander Schauffele, ” Schauffele, Aberg, Sweden’s Ludvig Aberg, , I’ve, ” Belgium’s Thomas Detry, Bryson DeChambeau, Patrick Cantlay, Rory McIlroy –, George Walker IV, Viktor Hovland, Max Homa, Tiger Woods, Woods, CNN’s Patrick Snell, ” Woods, Snell, I’m, Organizations: CNN, 124th, Masters, PGA Locations: Pinehurst, Carolina, Pinehurst’s, Scotland
It's always sunny at Business Insider when "Welcome to Wrexham" star Rob McElhenney is around. In today's big story, we're looking at the drama between Tesla shareholders over Elon Musk's bumper pay package that gets decided on today . As funny as that sounds, the battle over Elon Musk's pay package is no joke. One longtime Tesla investor said the EV maker is " kind of the bottom of the pecking pole of Elon's companies ." Vote here on if you're for or against Musk's pay package .
Persons: , Rob McElhenney, Elon, Apu Gomes, Chelsea Jia Feng, Insider's Grace Kay, they're, he's, Brooks Kraft, Musk, it's, Gwynne Shotwell, Somodevilla, Blackstone, Dan Ives, Araya Doheny, Patrick Fallon, Jenny Chang, Rodriguez, Henrik, Fisker, VCs, that's, whittle, Mark Zuckerberg, de Haro, Gen Zers, Mike Verdu, Slack, Brad Smith, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Elon, Getty, Retail, Brooks Kraft LLC, Nvidia, Tesla, Wall, SpaceX, Federal Reserve, Big Apple, Apple, Microsoft, BI, Adobe Locations: Wrexham, Delaware, Tesla, Manhattan, New York, London
A tractor-pulling contest in Rockwell, Iowa. “The Big Joe Polka Show.” A veterinarian discussing how to keep flies off cows. Its programing may not be the stuff of must-see television in urban and suburban America. But RFD-TV, which also carries gavel-to-gavel coverage of the Future Farmers of America convention, occupies an enduring, if narrow, niche on the television spectrum. Mr. Gottsch, whose spinoff properties include the Cowboy Channel, the Cowgirl Channel and Rural Radio, Channel 147 on SiriusXM, died on May 18 in Fort Worth.
Persons: , Joe, Hee, Patrick Gottsch, Gottsch Organizations: Future Farmers of, Cowboy Channel, Rural Radio Locations: Rockwell , Iowa, America, Future Farmers of America, SiriusXM, Fort Worth
CNN —Rory McIlroy and Patrick Cantlay emerged unscathed as Pinehurst’s notorious No. 2 course sunk its teeth into the first round field at the 124th US Open on Thursday. Seeking to end a 10-year wait for his fifth major crown, world No. 3 McIlroy was a picture of control, avoiding a single bogey before signing off with a superb birdie putt from almost 20 feet. The last three times McIlroy has made a bogey-free start at a major, he’s gone on to lift the trophy – including at the 2011 US Open.
Persons: Rory McIlroy, Patrick Cantlay, Northern Ireland’s McIlroy, McIlroy, Germany’s Martin Kaymer, he’s, I’ve, ” McIlroy, Sean M, Cantlay, “ I’ve, Scottie Scheffler, Xander Schauffele, Wyndham Clark, Scheffler, Jared C, Tilton, Sweden’s Ludvig Aberg, Aberg, , , “ I’m, I’m, ” Woods, Bryson DeChambeau, France’s Matthieu Pavon, ” Pavon, Tiger Woods, Woods, Viktor Hovland, Justin Thomas, Phil Mickelson Organizations: CNN, 124th, Getty, Pinehurst Locations: North Carolina, Northern
Pamela Smart case timeline
  + stars: | 2024-06-12 | by ( Christina Zdanowicz | ) edition.cnn.com   time to read: +6 min
Pamela Smart, then 22, was a high school media director when she began an affair with 15-year-old Billy Flynn. In her trial, prosecutors said Smart then coaxed Flynn into carrying out the murder plot with two teenage friends. Here’s a timeline of Pamela Smart’s murder conspiracy plot, the resulting legal cases and convictions. March 4, 1991: Oral arguments began in Smart’s murder conspiracy trial in the Rockingham County Superior Court in Exeter, New Hampshire. William Flynn, 17, is shown the gun he used at Pamela Smart's trial on March 12, 1991.
Persons: Pamela Smart, Billy Flynn, Smart, Flynn, Gregg Smart, Pamela Smart’s, Joyce Maynard’s, Nicole Kidman, Joaquin Phoenix, Linda Wojas, CNN’s Larry King, Pamela Smart's, Patrick Randall, Vance Lattime Jr, Gregory Smart, Raymond Fowler, Gregory Smart’s, couldn’t, William Flynn, Jim Cole, Randall, WMUR, Fowler, Chris Sununu, Smart’s, Lattime, CNN’s Hayley Wilson, Gary Tuchman Organizations: CNN, Police, Associated Press, AP . Police, Court, Prosecutors, WMUR, . New, . New Hampshire Gov, AP, Sununu, Smart, Bedford Hills Correctional Facility Locations: Derry , New Hampshire, Rockingham, Exeter , New Hampshire, WMUR, ., . New Hampshire, Bedford Hills, Westchester County , New York
Massimo Pinca | ReutersDETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. "We are not in the race to transition to EVs, but in a race to cut cost on EVs," Tavares said in late May during a Bernstein investor conference. The cuts are part of Stellantis' strategic plan to increase profits and double revenue to 300 billion euros by 2030. Executives on Thursday will outline developments across Stellantis' regions and businesses, including its capital and operational disciplines, according to Stellantis CFO Natalie Knight. "The share price reaction to the [capital markets day] will likely be driven by how these short-term concerns are addressed.
Persons: Carlos Tavares, Massimo Pinca, Tavares, " Tavares, Stellantis, Ned Curic, EVs, I've, Natalie Knight, David Dee Delgado, Ram, China's, Patrick Hummel Organizations: Reuters DETROIT, Atlantic, PSA Groupe, Fiat Chrysler, Ram, CNBC, Amazon, New York, Auto, Reuters, Cox Automotive, UBS, GM, Ford Locations: Turin, Italy, U.S, Auburn Hills , Michigan, Manhattan , New York, China
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