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☆ 49-year-old lived on $3 a day when he first moved to the U.S.—now he's a billionaire tech CEO
▼ + stars: | 2024-11-13 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Nearly three decades ago, Tomas Gorny came to the U.S. as a Polish immigrant living on $3 a day, after rent and transportation costs. Today, the 49-year-old Gorny is the founder of multiple tech businesses, including a cloud-based business communications company called Nextiva that was most recently valued at $2.7 billion. Gorny, the company's CEO, has a net worth exceeding $1 billion, according to a Nextiva spokesperson. After rent and transportation costs, he had only a few dollars per day for food and other necessities, he says. Two years later, his $3 per day turned into a net worth above $1 million, he says.

Persons: Tomas Gorny, Gorny, — Organizations: CNBC, Internet Communications Locations: Germany, Los Angeles

☆ Intelligence agencies, already anxious over Trump, find some solace in Ratcliffe pick for CIA
▼ + stars: | 2024-11-13 | by ( Katie Bo Lillis | ) edition.cnn.com time to read: +10 min

Current and former officials also cautioned not to assume that the intelligence community is uniformly opposed to Trump. Ratcliffe was among a cohort of Trump officials who aggressively sought the release of intelligence related to Russia and the FBI. Telling Trump ‘war stories’Memories of the tumultuous first Trump administration remain fresh in the minds of many career officials. One senior intelligence official said some veterans in his office told “war stories” on the morning after the election. And some fear what they say is the relative inexperience in the intelligence community of the new CIA director.

Persons: Trump, Donald Trump, John Ratcliffe, Ratcliffe, ”, “, it’s, Kash Patel, Department of Defense Kash Patel, Justin Sullivan, Patel, Gina Haspel, —, William Barr, there’s, “ That’s, Bill Burns, National Intelligence John Ratcliffe, Patrick Semansky, CNN’s Alex Marquardt, Zachary Cohen Organizations: CNN, CIA, “, Trump, Officials, Trump ’, Republican, Staff, Department of Defense, FBI, ” Trump, White, House, National Intelligence, Marine Locations: Lago, Russia, Minden, Minden , Nevada, declassifying, ODNI, Florida, United States, Iran, Washington , DC, Iraq

☆ OpenAI to present plans for U.S. AI strategy and an alliance to compete with China
▼ + stars: | 2024-11-13 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. In the document, OpenAI outlines a rosy future for AI, calling it "as foundational a technology as electricity, and promising similarly distributed access and benefits." Now that Donald Trump is President-elect, OpenAI has made clear its plans to work with the new administration on AI policy, and the company's Wednesday presentation outlines its plans. OpenAI's presentation outlines AI economic zones co-created by state and federal governments "to give states incentives to speed up permitting and approvals for AI infrastructure." The blueprints say, "The government can encourage private investors to fund high-cost energy infrastructure projects by committing to purchase energy and other means that lessen credit risk."

Persons: Sam Altman, Donald Trump, OpenAI, Trump, Biden's Organizations: CNBC, Washington , D.C, Defense Locations: Washington ,, American

☆ Cisco reports fourth straight quarter of declining revenue
▼ + stars: | 2024-11-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Cisco CEO Chuck Robbins speaks at The Wall Street Journal's Future of Everything Festival in New York on May 21, 2024. Cisco reported a fourth straight quarter of declining revenue even as results topped analysts' estimates. Net income fell to $2.71 billion, or 68 cents per share, from $3.64 billion, or 89 cents per share, in the same quarter a year ago. During the quarter, Cisco acquired security startups DeepFactor and Robust Intelligence. Analysts expected adjusted earnings for the year of $3.58 per share on $55.89 billion in revenue.

Persons: Chuck Robbins, Robbins, Scott Herren, Herren Organizations: Cisco, Everything, StreetAccount, Dell, White, Intelligence, Cisco Systems, Applied Materials, Disney Locations: New York

As bitcoin shoots to new heights, some stocks that trade closely with the digital currency could also see their fortunes rise. Against that backdrop, CNBC Pro screened for stocks that have the highest positive correlation with bitcoin over the past 60 days, meaning they could rise in tandem. Fellow crypto miner Riot Platforms was also on the list with an 81% correlation to bitcoin. Lesser-known names that could see a boost on further bitcoin appreciation include crypto miners Bitdeer Technologies and Hut 8 . Bitdeer has a 67% correlation to the digital currency, while Hut 8's correlation coefficient is nearly 0.7.

Persons: Bitcoin, Donald Trump, Trump, bitcoin, Mark McLaughlin, Cryptocurrency, Mara Holdings, Cantor Fitzgerald, Mara, Brett Knoblauch, MARA, Bitdeer Organizations: cryptocurrencies, CNBC Pro, New York Stock Exchange, Nasdaq, Bank of America, Bitdeer Technologies

☆ Tencent posts better-than-expected 47% profit surge as games, AI tools shine
▼ + stars: | 2024-11-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty ImagesChinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter ended Sept. 30, spurred by growth in games, advertising and cloud services. Tencent reported profit attributable to shareholders surged by 47% year-on-year to 53.23 billion yuan ($7.37 billion) in the third quarter, compared with an LSEG estimate of 46.18 billion yuan for the period. The company's revenue rose by an annual 8% to 167.19 billion yuan, short of the 167.82 billion yuan analyst forecast. Marketing services revenue, previously called online advertising, surged by an annual 17% to 29.99 billion yuan, making it one of the fastest-growing categories outside gaming.

Persons: Cheng Xin, Tencent Organizations: Getty, Management, Gaming, Global Locations: WeChat, China, Weixin

☆ The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
▼ + stars: | 2024-11-13 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “If he carries through on what he said during his campaign, there will be an inflation shock significantly greater than the one the country suffered in 2021,” Summers told Kate Bolduan on CNN News Central on Wednesday. “I hope that he will get the message from this election and adjust his programs so that it’s not inflationary,” Summers told CNN. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. They just didn’t want the consequences that came with it in terms of increased inflation,” Summers said.

Persons: Larry Summers, Donald Trump, Summers, Clinton, ” Summers, Kate Bolduan, That’s, Trump, Obama, “, ” Karoline Leavitt, ” Scott Bessent, ” Bessent, Axios, Trump “, Kamala Harris, Biden, I’ve, ” Organizations: New, New York CNN, Treasury, Federal Reserve, CNN News Central, CNN, Trump, Wall Street Journal Locations: New York, China, Ukraine

☆ Trump victory may provide TikTok a lifeline to remain in the U.S.
▼ + stars: | 2024-11-13 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

In April, President Joe Biden signed a law that requires China's ByteDance to sell TikTok by Jan. 19. Although both Republicans and Democrats supported the Biden TikTok ban in April, Trump voiced opposition to the ban during his candidacy. Since his election, Trump hasn't publicly discussed his plans for TikTok, but Trump-Vance transition spokeswoman Karoline Leavitt told CNBC that the president-elect "will deliver." "The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail," Leavitt said in a statement. That month it was also reported that Yass was a part owner of the business that merged with the parent company of Trump's Truth Social.

Persons: Donald Trump, Tim Cook, Meta, Mark Zuckerberg, Jeff Bezos, Shou Zi Chew, Joe Biden, Jan, Trump's, Trump, CNBC's, Kamala Harris, We're, Trump hasn't, Vance, Karoline Leavitt, Leavitt, TikTok, Jeff Yass Organizations: U.S, Apple, U.S ., Google, White, Democrats, Biden, Trump, CNBC, Republican, Susquehanna International Group, NBC Locations: Communist China, U.S, Smithton , Pennsylvania, Chew, TikTok, ByteDance, Yass

☆ Quincy Jones’ cause of death revealed
▼ + stars: | 2024-11-13 | by ( Dan Heching | Cheri Mossburg | ) edition.cnn.com time to read: +4 min

Bob Parent/Hulton Archive/Getty Images Jones performs with his band in Vienna, Austria, in 1960. brandstaetter images/Hulton Archive/Getty Images Jones works with Frank Sinatra on a soundstage in 1964. Benainous/Reglain/Gamma-Rapho via Getty Images Jones poses with the six Grammys he won in 1991. Patrick Kovarik/AFP/Getty Images Jones and Oprah Winfrey appear on the red carpet together at the Academy Awards in 1995. Lois Bernstein/AP Jones poses for a photo with his daughters Kidada Jones and Rashida Jones in 2005. Charley Gallay/Getty Images Jones poses for a portrait during the Toronto Film Festival in 2018.

Persons: Quincy Jones, Jones, Ray Charles, Frank Sinatra, Michael Jackson, Bobby Holland, Michael Ochs, Bob Parent, John Dominis, Duke Ellington, David Redfern, Peggy Lipton, Shutterstock Jones, Doug Pizac, Lou Rawls, Ron Galella, Stevie Wonder, Sunny Bak, Will Smith, Miles Davis, Courtney Sale Ross, Richard Corkery, Eddie Murphy, Rick Maiman, Patrick Kovarik, Oprah Winfrey, Lois Bernstein, Kidada Jones, Rashida Jones, Donato Sardella, Kevin Mazur, Barack Obama, JIM WATSON, Michael Caine, Denise Truscello, Naomi Campbell, Charley Gallay, Chris Pizzello, ”, Lisa Respers France, Alli Rosenbloom Organizations: CNN, Associated Press, Michael Ochs Archives, Getty, CBS, HBO, United Negro College Fund, Lille, Montreux Jazz, Academy, Jones, White House, Toronto Film, Theatre, Abaca Press, AP, Recreation Locations: Bel Air , California, Los Angeles, Vienna, Austria, Redferns, Beverly Hills, Cannes, France, Switzerland, AFP, Haiti, Hollywood, Las Vegas

☆ Trump's election victory put TikTok's astrology community into a meltdown
▼ + stars: | 2024-11-13 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Astrology TikTok creators predicted a Harris win, and they're now facing questions. "You see people who are really, really frustrated and who feel betrayed." Many astrology TikTok accounts predicted a Harris win based on her chart, Semafor reported. While young men have migrated toward Joe Rogan and Logan Paul, astrology TikTok is more likely to have seen an influx of women. AdvertisementSara Walka, the founder of the holistic self-help business The Sisters Enchanted and who teaches astrology, told BI the community is very resilient.

Persons: Harris, —, Kamala Harris, Donald Trump, Jess Rauchberg, Astrologists, Nick Grigolia, Maren Altman, Julia Kelley, Semafor, Dayna Lynn Nuckolls, HuffPost, Nuckolls, Rachel Lang, Lang, Rauchberg, you've, Joe Rogan, Logan Paul, They're, Sara Walka, Walka Organizations: Service, Market Research, Trump, Agora Locations: TikTok, Greece, Rome

☆ Investors are pumping money into the Trump trade. Here's how it did last time
▼ + stars: | 2024-11-13 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Wall Street has been pumping money into the Trump trade, but investors should be wary before committing capital based on campaign promises, if history is any indication. From Election Day 2016 through year-end, the asset class outperformed the S & P 500 by 8% on a relative basis. In fact, from Election Day 2016 through Election Day 2020, smallcaps tumbled more than 22%. Expand the timeline to one year out from Election Day, and the ETF underperformed the broader index by 11%. Energy Energy stocks are expected to get a huge boost from Trump, who made energy a focus of his presidential campaign , and promised to "drill, baby, drill."

Persons: Trump, Donald Trump's, elect's, Russell, Biden, Wells, Austin Pickle, —, smallcaps, that's, Fred Imbert Organizations: Bank, Regional Banking, Wells, Investment Institute, Trump, Wells Fargo Investment Institute, Dow Jones, . Energy Energy, Energy Locations: Wells Fargo, that's year's

☆ Banks are reporting a tenfold surge in digital scams, cybersecurity firm BioCatch says
▼ + stars: | 2024-11-13 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

U.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch. Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams. Customers of the three banks reported a combined $166 million in Zelle transactions were fraudulent in 2023. BioCatch declined to provide a specific number for reported scams, citing client confidentiality. In another sign of the cat-and-mouse dynamic of cybercrime, BioCatch clients reported 59% fewer fraudulent account openings.

Persons: Tom Peacock, Fraudsters, Peacock, Banks, Wells Fargo, Zelle, BioCatch Organizations: Global, CNBC, American Express, Barclays, HSBC, JPMorgan Chase, Bank of America, Consumer Financial, Services Locations: Tel Aviv, Israel, Wells, U.S

☆ Here are Wednesday's biggest analyst calls: Apple, Micron, Tesla, Instacart, Spotify, Netflix, Cava, Target and more
▼ + stars: | 2024-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Evercore ISI downgrades Caterpillar to in line from outperform The firm said it sees earnings per share risk for Caterpillar. Barclays reiterates Instacart as overweight The firm said it is sticking with its overweight rating following earnings. " Telsey reiterates Target as outperform Telsey says it is sticking with its outperform rating on Target ahead of earnings next week. Jefferies reiterates Netflix as buy The firm said the latest report of monthly active users for Netflix weakens the bear case. " TD Cowen reiterates Cava as buy The firm said Cava had a "flawless" third quarter.

Persons: Oppenheimer, William M, Brown, reallocating, Wells, Morgan Stanley, Telsey, Salesforce, verticals, Jefferies, Piper Sandler, Wedbush, Tesla, Donald Trump, Elon Musk, TD Cowen, Cava Organizations: Caterpillar, CAT, UBS, DTC, Bank United, Bank, Solutions Holdings, C Insurance, Barclays, CART, Starbucks, Bank of America, Netflix, MAUs, Micron, Apple, ISI, Services, Department of Government, White, Trump Locations: 3Q24, FCF

☆ Why now may be a good opportunity to buy these bonds — and earn tax-free income
▼ + stars: | 2024-11-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

"Investors should take advantage as munis are poised to deliver good performance into year-end and 2025, in our view," he added. Interest income from municipal bonds is free of federal income taxes. Further, if the investor resides in the same state that issues the bond, the interest income can be exempt from state taxes. Both of those tax cuts could reduce muni bond demand, Li said. As for any potential changes in the individual tax rate, UBS' Mukherjee doesn't necessarily see a big impact on demand.

Persons: Sudip Mukherjee, Mukherjee, Yingchen Li, Trump, Li, Donald Trump, Bank of America's Li, downgrades Organizations: Federal, UBS Global Wealth Management, Bank of America, muni, Republicans, Senate, Democrats, GOP, UBS, Investment, Bank of America's

☆ How Elon Musk’s worst business decision led him to Trump
▼ + stars: | 2024-11-13 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk, the world’s richest person, will be taking on an official role to try to help President-elect Donald Trump make government more efficient. It will add yet another responsibility to an ever-growing to-do list for the increasingly distracted CEO and business leader. Tesla, Musk’s most valuable company, in recent years has struggled to maintain its dominance of the electric vehicle market. Of course, that’s if Trump and Musk remain on good terms. And no matter how much power and influence Musk could yield, Trump will hold the ultimate trump card: He’ll be president.

Persons: New York CNN — Elon Musk, Donald Trump, Musk, Tesla, Trump, ”, Dan Ives, Ives, “, it’s, ” Ives, He’ll Organizations: New, New York CNN, SpaceX, Boring, EV, Wedbush Securities, Trump White House, Tesla, Trump, Bloomberg, Boeing, Fidelity, Twitter Locations: New York, China

☆ UN sounds alarm at Israel’s ‘severe violations’ at key buffer zone with Syria
▼ + stars: | 2024-11-13 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

CNN —The United Nations has accused Israel of “severe violations” of a 50-year-old agreement with Syria, saying it has engaged in “engineering groundwork activities” that encroach on a key buffer zone in the Golan Heights. The Israeli military said the strikes were part of a larger effort to target the capabilities of a Hezbollah unit responsible for weapons smuggling. Saban said that Hezbollah is unlikely to try and trigger an Israeli military offensive from the Golan, however. In July, the IDF said it struck Syrian military infrastructure in retaliation for alleged breaches. “The IDF holds the Syrian military responsible for all activities occurring within its territory and will not allow any attempts to violate Israeli sovereignty,” the Israeli military said.

Persons: Israel, UNDOF, ”, Yasushi Kaneko, Navvar Saban, Golan, ” Saban, Majdal Shams, Saban Organizations: CNN, United Nations, UN, Observer Force, Planet Labs, European Space Agency, Israel Defense Forces, Labs, Alpha, IDF, Israel, Yomiuri Shimbun, AP, Harmoon, for Contemporary Studies, Lebanese, Syrian Foreign Ministry, Defense Ministry Locations: Syria, Golan, Israel, Jubata Al Khashab, Majdal Shams, Jordan, Lebanon, Iran, Iraq, Syria Israel, Tehran, Damascus, Majdal, Qusayr, Homs

☆ Amazon debuts discount store with everything under $20 to take on Temu and Shein
▼ + stars: | 2024-11-13 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20, to fend off growing competition from discount upstarts Temu and Shein. Called "Amazon Haul," the storefront is accessible through the company's mobile app, and promises "crazy low prices" on a plethora of goods. CNBC previously reported that Amazon planned to launch its own discount webstore with goods shipped directly from China. With Amazon Haul, the company is responding to the rise of Temu, Shein and TikTok Shop, which all have ties to China, the world's second-largest economy. Amazon is able to offer low prices through its Haul storefront by importing each item directly from manufacturers in China, similar to how Temu's and Shein's business models operate.

Persons: Dharmesh Mehta, it's Organizations: Shoppers, Amazon, CNBC Locations: China, U.S

☆ Goldman sees 20% upside as Philip Morris moves to mostly smoke-free products such as Zyn
▼ + stars: | 2024-11-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Philip Morris shares have more room to run as the Marlboro maker continues to shift its focus from cigarettes to smoke-free products, according to Goldman Sachs. Herzog also reiterated her buy rating and called Philip Morris a top pick heading into 2025. Philip Morris announced earlier this year that it would invest $600 million to build a new Zyn production facility in Colorado. PM YTD mountain PM, year to date Herzog also said Philip Morris shares will benefit from the domestic debut of heated tobacco product Iluma. Philip Morris shares have jumped more than 33% in 2024.

Persons: Philip Morris, Goldman Sachs, Bonnie Herzog, Herzog, Philip Locations: Marlboro, Tuesday's, U.S, Colorado

☆ 3 new states passed paid sick leave for workers—here's where employees get the benefit
▼ + stars: | 2024-11-13 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

The U.S. is one of few developed nations without federal laws that provide workers paid time off, and just over a dozen states have their own laws to offer paid sick leave. But last week, Americans in more states – Alaska, Missouri and Nebraska – voted to pass new ballot measures that will bring paid sick leave requirements to their workplaces in 2025. Prior to the November election, 15 states and Washington, D.C., had their own paid sick leave laws, as do a number of cities and localities across the country. MarylandWorkers at businesses with 15 or more employees accrue one hour of paid sick leave for every 30 hours worked. Rhode IslandFull-time workers at businesses with 18 or more employees get up to 40 hours of paid sick leave per year.

Persons: Nebraska – Organizations: D.C, Bureau of Labor Statistics, Center for American, Arizona, California Workers, Colorado Workers, Connecticut Workers, Maryland Workers, Massachusetts Workers, Michigan Workers, Minnesota Workers, Nebraska, New Jersey Workers, New, New Mexico Workers, New York Workers, Workers, Oregon Workers, Vermont Workers, Washington Workers Locations: Alaska , Missouri, Nebraska, Washington, Alaska, California, Massachusetts, Missouri, New Mexico, Portland, Rhode

☆ Forget LA and BK: The rural places where young Americans are moving
▼ + stars: | 2024-11-13 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Younger Americans are moving to rural areas, reshaping demographics and economies. Census data shows a shift from cities to rural areas for people ages 25 to 44 since 2020. Instead, they're heading to rural areas. AdvertisementLombard said there's been a surge of young people moving to South Carolina, North Carolina, and Tennessee, oftentimes for work. Even with many companies pushing for mandatory return-to-office policies, younger Americans continued moving to rural communities in 2023 at an accelerated pace.

Persons: —, Z, Hamilton Lombard, Lombard, there's, it's Organizations: Service, University of Virginia, Colorado Rockies, Brooklyn —, Power, nsheidlower Locations: Rural, Los Angeles, Kings County, Brooklyn, South Carolina, North Carolina, Tennessee, Flint , Michigan, Oak, Huntsville, Atlanta, Georgia

☆ How Trump policies may boost and burden energy stocks and crude oil, all at the same time
▼ + stars: | 2024-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

While oil stocks tend to follow the direction of crude prices, the energy sector has gained 3.6% since election day, slightly outpacing the S & P 500. Conflicting signals The crude futures market and the oil and gas stocks appear to be taking different messages from Trump's victory. Since the election, natural gas stocks have been big winners on the prospect of more pipeline permitting. The oilfield services companies are also major beneficiaries under a Trump administration, West said. Oil surplus headwind More ominously, an oil and gas production boom under Trump would lower crude oil prices and likely act as a headwind for the industry.

Persons: Donald Trump's, Brent, Andrew Dittmar, Trump, Dittmar, Biden, James West, EQT, Kinder Morgan, West, Baker Hughes, Halliburton, Lee Zeldin, Zeldin, Russia —, Morgan Stanley, Wells, Roger Read, Darren Woods, I'm, Woods, CNBC's Organizations: West Texas Intermediate, Enverus Energy Intelligence, Republican, White, American Petroleum Institute, Oil, Gas, ETF, Interior Department . Offshore drillers, Noble Corporation, Evercore ISI, Pipeline, Williams Companies, Cheniere Energy, Industries, Trump, SLB, New, New York GOP, Environmental Protection Agency, Fox News, Biden, EPA, " Companies, Investors, Department of Energy, CNBC, Exxon Mobil, Exxon, Chevron, White House, Capitol, ISI Locations: China, Gulf of Mexico, Tidewater, Transocean, Gulf, Trump, New York, U.S, Saudi Arabia, Russia, Wells Fargo

☆ Port-au-Prince, Haiti: Doctors Without Borders accuses police of taking part in deadly attack on ambulance
▼ + stars: | 2024-11-13 | by ( Michael Rios | ) edition.cnn.com time to read: +3 min

CNN —Two wounded patients were killed after police officers and vigilantes attacked an ambulance in Haiti, humanitarian group Doctors Without Borders said on Wednesday. The officers and vigilantes then took the three wounded patients outside the hospital grounds and at least two of them were killed, MSF said. The third patient was not killed, Garnier said. This is the latest deadly ambulance attack that MSF has reported in Haiti. In December last year, the organization said armed men stopped an MSF ambulance, dragged a patient out and killed him.

Persons: Christophe Garnier, Garnier, ” Garnier, Alix Didier Fils Organizations: CNN, . Police, MSF, Authorities Locations: Haiti, Caribbean, Haitian, Port

☆ LA Times owner says Harris’ stance on Gaza war contributed to non-endorsement, plans editorial board revamp
▼ + stars: | 2024-11-13 | by ( Liam Reilly | Hadas Gold | ) edition.cnn.com time to read: +5 min

Three members of the paper’s editorial board resigned, scores of staffers openly protested, and thousands of readers cancelled their subscriptions as the Times was thrust into an uncomfortable spotlight. A new Editorial Board. After news of the Times’ non-endorsement broke last month, Soon-Shiong’s 31-year-olddaughter, Nika, told The New York Times that “our family made the joint decision” over Harris’ stance on the war in Gaza. As with the Times, the decision was handed down by the publication’s billionaire owner, Amazon founder Jeff Bezos, igniting a firestorm of controversy. Asked about whether the backlash over his decision not to endorse had been a “disaster” for the paper, Soon-Shiong pushed back.

Persons: Patrick Soon, Shiong, Kamala Harris, Harris, ”, “, Nika, ’, “ Somebody, ‘, Jeff Bezos Organizations: New, New York CNN, Los Angeles Times, Times, CNN, Editorial Board, Trust, New York Times, Washington Post, Amazon Locations: New York, Gaza

☆ My daughter was too overwhelmed to focus on her college applications. I became the nagging parent.
▼ + stars: | 2024-11-13 | by ( Alana Sheeren | ) www.businessinsider.com time to read: +5 min

My high-achieving high school senior had been avoiding her college applications. AdvertisementMy high school senior is typically a happy, easygoing kid who set her sights on graduating in the top 50 of her class before her first day of freshman year. Many high school graduates in our small city go to the local college for two years, then transfer to a University of California or California State school. It's an affordable route that would relieve the pressure, but she said no; she wanted a four-year college experience. My goal was to talk about college only during those scheduled times unless a deadline needed to be met during the week.

Persons: —, Lisa McLaughlin, McLaughlin, she's Organizations: Service, University of California, California State, California Girls State Locations: Texas, California

☆ Why Builders Are Renting Out New Houses Instead of Cutting Home Prices
▼ + stars: | 2024-11-13 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Builders, meanwhile, are luring buyers with some perks but are barely budging on prices. That's partly because these companies have another place to turn: the rental market. Opportunistic investors — mostly small and midsize players, who own the vast majority of single-family rentals in the country — are happy to oblige. Builders have also started developing entire communities of single-family homes to be rented out rather than sold, a strategy known as build-for-rent. Their embrace of the rental market says more about the obstacles for buyers than for builders.

Persons: homebuilders, John Burns, Keith Hughes, —, Horton, Don Mullen, they've, Adam Stern, Sean Morgan, Alex Offutt, Ray Sturm, Sturm, Selma Hepp, It's Organizations: John Burns Research, Consulting, Builders, John, Houston, Owners, SFR, Sun, Dallas, Local, Business Purpose, Offutt Locations: Tampa , Florida, Carolinas, Nashville, Horton

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