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☆ Years of controversy preceded the arrest of the ex-CEO of Abercrombie & Fitch
▼ + stars: | 2024-10-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +9 min

Former Abercrombie & Fitch CEO Mike Jeffries was charged with sex trafficking on Tuesday. AdvertisementLong before federal charges hit, there were concerns about former Abercrombie & Fitch CEO Mike Jeffries — and lawsuits that attacked the way he ran his company. Attorneys for Jeffries and Smith told Business Insider in statements that they would respond "in the courthouse." "This is very much a military operation," Jeffries told The Wall Street Journal in 1997. The pilot accused the CEO of enacting similar standards on board as in Abercrombie stores and firing him due to his age.

Persons: Mike Jeffries, Jeffries, Abercrombie, —, Mike Jeffries —, Matthew Smith, Smith, Fitch, Les Wexner, Jeffrey Epstein, Paul Harris, Bruce Weber, Weber, Barts, Tig Ol, Erik Gordon, Jeffries shouldn't Organizations: Abercrombie, Fitch, Service, Prosecutors, Wall Street, Revenue, CNN, Hamptons, Employees, Supreme, University of, BBC, Eastern, of Locations: Midwest, New York City, St, Oklahoma, Assam, Darjeeling, of New York

☆ Fascism: People are calling Trump a fascist. What does that mean?
▼ + stars: | 2024-10-24 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —Fascism is a dirty word in US politics, so when former President Donald Trump’s former chief of staff, retired Marine Gen. John Kelly, says Trump fits the definition of “fascist,” it’s news. Barr would later leave Trump’s administration after the 2020 election after refusing to support Trump’s unsupported election interference conspiracy theories. I delved into the definition of fascism and how it applied to Trump back in June, when he was using the term. Video Ad Feedback Trump calls US a 'fascist state.' Now, as Democrats get anxious about losing to Trump, the threat of fascism has returned to the fore.

Persons: Donald Trump’s, John Kelly, Trump, ”, Adolf Hitler, Benito Mussolini, Kelly, Kamala Harris, “, ” Kelly, Nancy Pelosi, Adam Schiff, Mark Milley, Milley, Jack Smith “, Smith, James Comey, Jeff Sessions, Robert Mueller, Mueller, Trump’s, Bill Barr, Barr, he’s, Harris, Kamala, ” That’s, Joe Biden, Robert Paxton, ” Trump, Wolf Blitzer, Ohio Sen, JD Vance, ” Vance, Daniel Steinmetz, Jenkins, Paxton, ” Steinmetz, Franklin D, Roosevelt, Steinmetz, Biden – Organizations: CNN, Democratic, New York Times, Trump, Republican, Joint Chiefs, Democrats, FBI, Justice Department, Pentagon, Columbia University, Capitol, Ohio, Wesleyan University, Fascism Locations: Pennsylvania, America, “, California, Russia, New York, Europe, Germany

☆ OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns
▼ + stars: | 2024-10-24 | by ( Hayden Field | ) www.cnbc.com time to read: +9 min

OpenAI is disbanding its "AGI Readiness" team, which advised the company on OpenAI's own capacity to handle increasingly powerful AI and the world's readiness to manage that technology, according to the head of the team. On Wednesday, Miles Brundage, senior advisor for AGI Readiness, announced his departure from the company via a Substack post. Former AGI Readiness team members will be reassigned to other teams, according to the post. Madry will still work on core AI safety work in his new role, OpenAI told CNBC at the time. Leike added that OpenAI must become a "safety-first AGI company."

Persons: OpenAI, Miles Brundage, Brundage, Miles, Mira Murati, Bob McGrew, Barret Zoph —, Aleksander Madry, Madry, reassign Madry, Sam Altman, it's, Altman, Lina Khan, they've, OpenAI's, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman Organizations: AGI Readiness, CNBC, Security Committee, Google, Microsoft, Meta, Princeton University, Democratic, Federal Trade Commission, Department of Justice, Nvidia Locations: OpenAI

The U.S. Transportation Department announced a $50 million fine Wednesday against American Airlines over allegations it mistreated passengers with disabilities, which the department said in some cases caused injuries. “They repeatedly failed to provide prompt wheelchair assistance, and they damaged thousands of passengers’ wheelchairs, which left passengers without the device they need to live their life fully,” he said. American Airlines may not be alone in violations of laws that protect travelers with disabilities. Buttigieg said there are investigations into other airlines, although he said that “American Airlines appear to be one of the worst offenders.”“The problems that we have uncovered in our investigation are not confined to one airline,” Buttigieg said. American said last year that it transported more than 146,000 wheelchairs and other mobility devices.

Persons: Pete Buttigieg, ” Buttigieg, “, ”, Julie Rath, Buttigieg Organizations: U.S . Transportation Department, American Airlines, Transportation, Transportation Department, Airlines, Bureau of Transportation Statistics Locations: Delta, Southwest

The Justice Department declined to comment, and the super PAC’s treasurer did not immediately reply to a voicemail message requesting comment. On Monday, a group of ex-prosecutors and other former government officials sent a letter to the Justice Department requesting an investigation. Legal experts have told NBC News that they believe Musk’s contest falls into a legal gray area and could violate election law, but not necessarily. So far, several of the winners have appeared in short videos for America PAC talking about their support for former President Donald Trump. Musk, who has endorsed Trump’s campaign, launched America PAC in an effort to help elect him.

Persons: Elon, ”, Matthew Sanderson, Musk, “, Donald Trump, Trump’s, Trump Organizations: Elon Musk’s, PAC, America PAC, CNN, Justice Department, NBC News, NBC, SpaceX, Bloomberg Locations: Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Pennsylvania, Harrisburg , Pennsylvania

But the unspeakable violence inflicted on this community has spurred a very public purpose for the family: bringing awareness to traumatic brain injuries among military members and a call to action for continued research. Other family members also alerted local law enforcement, which visited Card's home in the weeks before the shooting but did not make contact. Maine's medical examiner requested a postmortem study of Card's brain, which was conducted by the Boston University CTE Center. Through Card's brain being examined after his death, Herling learned about so-called brain banks, a collection of donated brain tissue used for research and education. "Here, I brought the very helmet meant to safeguard my brother's brain," she said, showing the commission the military headgear.

Persons: cornhole, Nicole Herling, Robert Card, Nicole, James Herling, Card, Herling, James, Craig F, Walker, Lester Holt, Chris Nowinski, We're, Nowinski, Ryan Card, It's, Leroy Walker Sr, who've, Joseph Walker, They're, it's, Robbie, Brenda Breslauer, Erik Ortiz Organizations: Army, NBC, Army Reserve, Boston University CTE Center, Boston University, Boston Globe, Getty, NBC News, Brain Bank, Department of Veterans Affairs, Department of Defense, Defense Department, Schemengees Locations: LEWISTON, Maine, Lewiston, Afghanistan, Iraq, Auburn , Maine, Boston, West Point , New York, New York

Clutching her jaw, Meliski said the water began rising after Chimney Rock had already been doused by an epic rainstorm. “They were so thick.”Teresa Cauthern, owner of the Chimney Rock Inn, shared with reporters footage of the raging river water ripping the deck off her property that she recorded just before she fled. Thus far in Chimney Rock, there has been only one confirmed death in the village — an older woman who refused to leave her home on the south side of town, officials said. O’Leary said he was away on vacation when the storm struck and when he finally made it back to Chimney Rock he found himself suddenly homeless. When the NBC News crew visited, Duncan was visibly frustrated with the Federal Emergency Management Agency’s response.

Persons: O’Leary, ” O’Leary, “, Stephen Duncan, ”, Barbara Meliski, Meliski, Teresa Cauthern, Helene, Duncan, ” Duncan, I’ll Organizations: NBC News, Federal Emergency Management, FEMA Locations: U.S, Rock, North Carolina, Duncan’s

SEOUL, South Korea — North Korea has sent troops to Russia, the U.S. said Wednesday, its first public confirmation of a move that has rattled Western allies and could mark a major escalation of Moscow’s war in Ukraine. North Korean leader Kim Jong Un visiting Korean People's Army soldiers at an undisclosed location on Oct. 17. South Korean lawmakers said Wednesday that North Korea had sent 3,000 troops to Russia out of a promised 10,000 to be deployed by December. That is twice the 1,500 the South Korean intelligence agency had reported being sent last week. Ukrainian President Volodymyr Zelenskyy said Tuesday that two units of North Korean troops, with as many as 6,000 people each, were being trained for deployment.

Persons: Lloyd Austin, Austin, Kim Jong, KCNA, Volodymyr Zelenskyy, ”, Kyrylo Budanov, Vedant Patel, “, ” Austin, Zelenskyy Organizations: ”, Democratic People’s, Korean People's Army, Getty, Kremlin, South, South Korean, Directorate of Intelligence, North Korean, State Department Locations: SEOUL, South Korea, North Korea, Russia, U.S, Ukraine, Rome, Democratic People’s Republic of Korea, Korea, AFP, Pyongyang, Moscow, Russia’s Kursk, Russian, Kyiv

CNN —The Justice Department warned Elon Musk’s America PAC in recent days that his $1 million sweepstakes to registered voters in swing states may violate federal law, people briefed on the matter told CNN. Musk’s initial promise to pay prizes to registered voters immediately raised concerns from election law experts and some state officials who questioned whether it ran afoul of the law. The language of the petition currently promises $1 million prizes to people chosen at random for signing a petition in support of First and Second Amendment freedoms. But to sign the petition, you must be registered to vote in specific states. Only petition signers can win the $1 million prize, and signers “must be registered voters of Arizona, Michigan, Georgia, Nevada, North Carolina, Pennsylvania, or Wisconsin.”It’s not clear when Musk received the Justice Department’s letter and whether it prompted changes to messaging around the giveaway.

Persons: Elon, Musk, Donald Trump, ” Musk, Josh Shapiro, ”, America PAC ” – Organizations: CNN, The, Department, Elon Musk’s America PAC, Justice, Trump, ”, Pennsylvania Gov, Democrat, America PAC ” Locations: Harrisburg , Pennsylvania, Arizona , Michigan, Georgia, Nevada , North Carolina , Pennsylvania, Wisconsin

☆ Amazon's AI data center dream runs into the reality of 'zombie' facilities, higher costs, and labor shortages
▼ + stars: | 2024-10-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +13 min

Electricity and labor headwinds slow Amazon's data center buildout. AdvertisementAmazon is spending heavily on data centers to support booming AI workloads, putting it on pace to build 240 new facilities by 2040, one estimate found. David Cahn, a Sequoia Capital general partner, recently predicted data center delays across the sector. Bernstein Research recently estimated that electricity demand for AI data centers could exceed supply in just two years without action. An Amazon data center in Oregon.

Persons: —, It's, David Cahn, Marc Wulfraat, MWPVL, we've, Bernstein, Amazon's, Matt Garman, JOSH EDELSON, Garman, Manuel Pineda, Pineda, Owens Corning Organizations: Service, Sequoia Capital, Energy, Amazon, Boston Consulting Group, Bernstein Research, Business, Web, San Francisco 49ers, BI, AWS, Uptime Institute, Center, Survey Locations: AMER, Americas, Oregon , Ohio, Northern Virginia, Amazon's Portland, Arizona, Indiana, Pennsylvania, Silicon Valley, Santa Clara , California, Santa Clara, Levi's, City, Santa, Oregon

☆ How McDonald's can learn from other fast-food giants in recovering from the deadly E. coli outbreak
▼ + stars: | 2024-10-23 | by ( Kelsey Vlamis | Amanda Goh | ) www.businessinsider.com time to read: +7 min

McDonald's Quarter Pounders have been linked to an E. coli outbreak in several states, the CDC said. AdvertisementA deadly E. Coli outbreak has been linked to the McDonald's Quarter Pounder. Chipotle's recovery may also have hinged on expanding the business in areas unrelated to food safety. In addition to removing any affected items from the menu, McDonald's should also communicate clearly with its customers throughout the process, Leung said. Advertisement"Clear messaging about the steps being taken to ensure food safety is vital.

Persons: McDonald's, —, Jon Tower, Wendy's, James Marsden, Chipotle, Steve Ells, Brian Niccol, Niccol, Sara Senatore, Bernstein, romaine, Alexandra Leung, Leung Organizations: CDC, Service, Centers for Disease Control, Prevention, Citigroup, Kansas State University, Starbucks, Taco Bell, New York Times, Times Locations: Singapore, Hong Kong

☆ New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion
▼ + stars: | 2024-10-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

watch nowQuarterly lossesBoeing reported a more than $6 billion loss for the third quarter, its largest since 2020 when the pandemic halted most aircraft demand and its bestselling airplane was grounded after two crashes. It disclosed charges of more than $5 billion across its commercial and defense units and said it ended the third quarter with $10.5 billion in cash and marketable securities. Its commercial airplane unit's losses swelled to more than $4 billion from a $678 million loss a year before. Ortberg announced the departure of the defense unit's CEO, Ted Colbert, in September. He is expected to face questions on the call about which units or projects the company will consider shedding.

Persons: David Ryder, Kelly Ortberg, Ortberg, CNBC's Squawk, Brian West, Ted Colbert, we've, LSEG, Rockwell Collins, Max, weren't Organizations: Boeing Co, Bloomberg, Getty, Boeing, KC, International, NASA, CNBC, Alaska Airlines Locations: Renton , Washington, US

☆ McDonald’s president says its food is safe to eat after E. coli outbreak
▼ + stars: | 2024-10-23 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —A day after an E. coli outbreak tied to Quarter Pounders in the western part of the United States left one dead and 10 hospitalized, McDonald’s entered full damage-control mode. “We are very confident that you can go to McDonald’s and enjoy our classics,” McDonald’s USA President Joe Erlinger said on NBC’s “Today” Wednesday. Most of the illnesses are in Colorado and Nebraska, and most of the people who fell ill ate Quarter Pounders at McDonald’s. “If there has been contaminated product within our supply chain, it’s very likely worked itself through that supply chain already.”McDonald’s (MCD) stock fell more than 5% at Wednesday — its worst day since the March 2020 Covid lockdown. Chipotle’s outbreak is the worst-case scenario for any restaurant chain, and McDonald’s E. coli situation appears to be limited, at least for now, to a supply issue.

Persons: McDonald’s, Joe Erlinger, “, ” Erlinger, ”, Chipotle’s, Chipotle, Brian Niccol, Niccol, we’ll, Morgan Spurlock’s Organizations: New, New York CNN, ”, Centers for Disease Control, US Food and Drug Administration, Starbucks, CDC, American Museum of Tort Locations: New York, United States, McDonald’s, Colorado and Nebraska

☆ I raised my kids in Denmark. When we returned to the US, they were far more independent than their American peers.
▼ + stars: | 2024-10-23 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

The family was shocked and disappointed by the coddling of kids when they returned to the US. She was featured in "The Danish Secret to Happy Kids," a new book that champions Nordic parenting. It was a complete 180 from our experience in Denmark, where the kids understood to be careful. The children set the table and helped themselves from a big dish in the middle. But we're grateful we had the chance to raise our children in Denmark — at least for a while.

Persons: Becca Itkowitz, —, I, It's, Max, we'd, Evan, I'd Organizations: Service, Nordic, Business, Denmark — Locations: Denmark, Illinois

☆ I went to an Ivy League college. The education alone wasn't worth the price tag, but the special privileges I now have are priceless.
▼ + stars: | 2024-10-23 | by ( Santiago Barraza Lopez | ) www.businessinsider.com time to read: +5 min

But being an Ivy League alum has granted me special access to job fairs and other privileges. Compared to my undergrad education in Mexico, I don't feel that my Ivy League professors' skills fully justified paying three times as much in tuition. The extracurricular aspect: Campus and activitiesAn important part of the Ivy League experience is what's offered outside the classroom. I was once on a date, and that person's interest suddenly and drastically changed when they found out about my Ivy League degree. There's one thing that is guaranteed in your journey through an Ivy League degree: networking.

Persons: —, I'm Organizations: Ivy League, Service, Columbia University, Business Locations: Columbia, Mexico, London

☆ Cure for America's High Real Estate Prices: Build More Weird Homes
▼ + stars: | 2024-10-23 | by ( Ned Resnikoff | ) www.businessinsider.com time to read: +12 min

Take Los Angeles, where about three-quarters of residential-zoned land in 2021 was zoned exclusively for developing single-family housing. This country needs to build more homes, but there's no reason all those new homes need to look the same. Tokyo has homes in all shapes and sizes: detached single-family homes, attached row houses, small apartment buildings, midsize apartment buildings, and colossal residential high-rises. Allow apartment buildings with one staircase: Making it legal to build more apartment buildings with only one staircase would substantially reduce construction costs and allow for apartment buildings to be built on smaller lots. People who really like single-family homes should still have access to single-family homes.

Persons: —, we'll, homebuilders, Stephen Smith Organizations: sameness, Center for, The New York Times Locations: United States, Levittown , New York, Los Angeles, Connecticut, Levittown, Tokyo, American, Japan, North America

☆ I shop at a discount grocery store and a regular one each week. It saves me money — and I've found ways to make my trips efficient.
▼ + stars: | 2024-10-23 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +4 min

I do most of my weekly food shopping at Lidl and then I go to a second grocery store each week. I try to split grocery shopping over two days so the chore doesn't take up one huge block of time. AdvertisementI don't like paying more than I have to for food, which is why I routinely shop at two grocery stores each week. Although shopping at two grocery stores a week seems like a lot, I like getting the best of both worlds. Before visiting my second store I also rewrite my grocery list so it's super clear and only includes what's left to buy.

Persons: —, doesn't, Lidl, I've, Elliott Harrell, it's Organizations: Service Locations: Lidl, Dijon, Wegmans

☆ Existing-home sales hit a 14-year low as homebuyers hold out for lower rates that may not come
▼ + stars: | 2024-10-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Existing-home sales dropped by 1% last month, reaching their lowest level since October 2010. Homebuyers stayed on the sidelines in anticipation of lower mortgage rates. AdvertisementUS existing-home sales dropped to a nearly 14-year low in September as prospective homebuyers held back in anticipation of lower mortgage rates. AdvertisementAccording to Mortgage News Daily, the average 30-year fixed mortgage rate has climbed by 70 basis points since then, to 6.85% from 6.15%. Related storiesIf this trend continues, those prospective homebuyers holding out for lower mortgage rates will be waiting a while.

Persons: Homebuyers, —, Redfin Organizations: Service, National Association of Realtors, Federal Reserve, Mortgage News

☆ Why inflation isn't returning to pre-pandemic levels — and 3 trades to capitalize on an overheating economy
▼ + stars: | 2024-10-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

The central bank has been aiming to keep the long-run inflation rate at this level to maintain stable prices and a healthy economy. "There is now a higher base inflation rate than there was before COVID for a number of reasons." Related storiesBut there are other factors contributing to an increased long-term inflation rate, many of which Blitz tracked even before the pandemic. AdvertisementChanging demographics in the workplace are also driving increasing debt and higher long-term inflation, according to Blitz. In Blitz's perspective, all of these factors add up to an inflation rate exceeding 2% going forward.

Persons: isn't, Steven Blitz, —, Mark Higgins, Blitz, Bonds Organizations: Service, Fed, stoke, Blitz, Technology, iShares Semiconductor, Index

☆ Tesla's Cybertruck is outselling almost every other EV in the US
▼ + stars: | 2024-10-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

But recent sales data from the auto-industry tracker Cox Automotive is worth examining ahead of Tesla's results on Wednesday. Tesla sold almost 17,000 Cybertrucks in the third quarter, Cox estimated, making it the third-most-popular EV in the US during the period. That's more than Ford's F-150 Lightning, Rivian's R1T, and Chevy's Silverado EV, Cox data shows. General Motors reported surprisingly solid results earlier this week and highlighted strong EV sales. Related storiesSome of this recent EV strength has been driven by lease incentives, which are available in the US to more buyers.

Persons: Elon, Tesla, Cox, Rivian's R1T, It's, Goldman Sachs, Morgan Stanley, Bernstein Organizations: Cox, Tesla, Silverado, DeLorean, Motors, EV, UBS

☆ Top food safety lawyer says his phones are 'ringing off the hook' after McDonald's E. coli outbreak
▼ + stars: | 2024-10-23 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

Victims of the E. coli outbreak linked to McDonald's are preparing to sue. A top food safety attorney told BI that his phones have been "ringing off the hook." AdvertisementVictims who have been sickened in connection to the deadly E. coli outbreak linked to McDonald's famed Quarter Pounders are already lawyering up. AdvertisementThe lawsuit, which alleges negligence by McDonald's, says that health investigators confirmed Stelly was part of the E. coli outbreak linked to McDonalds. Related storiesIn a statement, Simon said the McDonald's-related E. coli outbreak "will be one of the most significant food poisoning outbreaks this year."

Persons: —, Ron Simon, Simon, Eric Stelly, Stelly, Meyers, McDonald's, Simon — Organizations: Service, Associates, McDonalds, McDonalds . Representatives, Boar's, Disease Control, Prevention, CDC Locations: Houston , Texas, Colorado, Greeley, McDonalds ., Colorado and Nebraska

☆ Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures
▼ + stars: | 2024-10-23 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +3 min

Apple CEO Tim Cook introduces the Apple Card during a launch event at the Apple headquarters in Cupertino, California, on March 25, 2019. The Consumer Financial Protection Bureau ordered Apple and Goldman Sachs on Wednesday to pay more than $89 million for mishandling consumer disputes related to Apple Card transactions. Goldman Sachs was ordered to pay a $45 million civil penalty and $19.8 million in redress, while Apple was fined $25 million. "Apple and Goldman Sachs illegally sidestepped their legal obligations for Apple Card borrowers. Apple Card was first launched in 2019 as a credit card alternative, hinged on Apple Pay, the company's mobile payment and digital wallet service.

Persons: Tim Cook, Goldman Sachs, Apple, Rohit Chopra, Nick Carcaterra, —, Hugh Son, Steve Kovach Organizations: Apple, Consumer Financial Protection, Apple Card, Big Tech, CNBC Locations: Cupertino , California

☆ The CEO of Ford says he's been driving a Xiaomi EV for the past 6 months and doesn't want to give it up
▼ + stars: | 2024-10-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley says he's been driving the Chinese tech giant Xiaomi's EV for the past six months. AdvertisementFord CEO Jim Farley says he doesn't want to give up the Xiaomi Speed Ultra 7 he's been driving for the past half year. "I don't like talking about the competition so much, but I drive the Xiaomi," Farley said while speaking to the British presenter Robert Llewellyn on "The Fully Charged Podcast." The Chinese tech giant produces three versions of the car: SU7, SU7 Pro, and SU7 Max. Competing with rivals such as Xiaomi will be critical for Ford as it formulates its approach to the EV market.

Persons: Jim Farley, he's, Farley, Xiaomi, —, Robert Llewellyn, Llewellyn, I've, SU7 Max, Farley didn't, They're, BI's Matthew Loh, Loh, John Lawler, Jim, Lawler, Ford Organizations: Service, Ford, Business Insider, EV, China, Street, Changan Automobile, Research, Business Locations: British, Shanghai, Chicago, China, Brazil, Thailand

☆ McDonald's explains why it doesn't think its E. coli outbreak will be like Chipotle's in 2015
▼ + stars: | 2024-10-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

McDonald's shared more insights Wednesday into its investigation into a deadly E. coli outbreak. McDonald's said early indicators suggest slivered onions as a likely potential containment, but it couldn't rule out fresh beef. Two ingredients — the slivered onions and fresh beef patties — are being examined as potential sources of contamination. The Chipotle cases involved the handling and preparation of food in restaurants, McDonald's executives said. McDonald's said the slivered onions sold at affected restaurants come from a single supplier and are served raw on the sandwich.

Persons: McDonald's, Chipotle, —, they're, Joe Erlinger, coli, Dominick Organizations: Executives, Service, CDC, NBC, McDonald's, FDA, Business Locations: McDonald's USA

☆ Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +6 min

Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago. Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter. Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. "Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024," the company said in its earnings deck Wednesday.

Persons: Elon Musk, Tesla, FactSet, Musk, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn't Organizations: LSEG, Energy, that's, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Los Angeles , California, U.S, Texas, California, Bay, China, Harrisburg , Pennsylvania

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