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CNN —Up to 600 people were shot dead in a matter of hours by al Qaeda-linked militants in an August attack on a town in Burkina Faso, according to a French government security assessment that nearly doubles the death toll cited in earlier reports. A series of coups across Mali, Burkina Faso and Niger led to the departure of French and American forces. The Russian mercenaries summoned by the juntas to bolster their grip have instead left a vacuum in which jihadists have thrived, says the assessment, given to CNN by a French security official. A view of the town of Barsalogho, Burkina Faso, where up to 600 people were killed by al Qaeda-linked militants in an August attack, according to a French government security assessment. CNN has reviewed videos of the alleged cannibalism that seem to show Burkina Faso soldiers dismembering and holding up body parts of apparent dead jihadists.

Persons: al, Nusrat al, JNIM, ”, jihadists, “, I’m, Fear, Ibrahim Traore, Zero ”, Burkina Faso’s, Traore, –, Wagner, group’s, Yevgeny Prigozhin, Donat Sorokin, ‘ Organizations: CNN, Getty, United Nations, Reuters, “, Burkina Faso’s, Civil Service, Labs Inc, Rapid Locations: al Qaeda, Burkina Faso, Barsalogho, Africa, Islam, Mali, Sahel, West Africa, United States, jihadists, Niger, Tawori, Bamako, Burkina, France, Moscow, Ukraine, Ouagadougou, Russian, Russia, Saint Petersburg, BIR, Togo, Kompienga, Togolese, Qaeda

☆ Red Lobster is a mess. Here’s why the new 35-year-old CEO wanted the job anyway
▼ + stars: | 2024-10-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +10 min

Red Lobster's new chief executive Damola Adamolekun during an interview with CNN at a Red Lobster in Long Island, New York, last week. CNNIn Springfield, he first ate at a Red Lobster with his parents and two siblings after church one Sunday. Red Lobster was where he, like millions of Americans, experienced eating lobster and cracking crab legs for the first time. Beyoncé sang about taking a romantic partner to Red Lobster in her 2016 hit song “Formation.”After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. Red Lobster closed more than 100 restaurants this year, including a location in Orlando, Florida, shown this year.

Persons: Damola Adamolekun, “, ” Adamolekun, It’s, ”, Adamolekun, Bill Darden, Mills, Chris Rock, Nicki Minaj, Beyoncé, Flav, “ Mr, ” —, Kevin Lamarque, Clarence Otis Jr, RJ Hottovy, Hottovy, Adamolekun’s, ” Hottovy, ’, Red, Phelan M, can’t, John Paulson, Paulson, P.F, Chang’s, Morgan McClure, Fortress, ” McClure, Brandon Bell, isn’t Organizations: New, New York CNN, CNN, Fortress Investment, Fortress, Red, Boomers, Darden, Thai Union Group, Former Red Lobster, Thai Union, As Thai Union, Thai, Brown University, Harvard Business School, Paulson & Co Locations: New York, Long, , New York, Nigeria, Zimbabwe, Netherlands, Springfield , Illinois, United States, Long Island , New York, Springfield, America, Alexandria , Virginia, Olive, Thai Union, Thai, Orlando , Florida, P.F, Chang’s, Columbia , Maryland, New York City, Scottsdale , Arizona, Austin , Texas

☆ It's time to sell utility stocks, which are overbought and expensive, according to Carter Worth
▼ + stars: | 2024-10-04 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

From time to time in markets, a single area or theme in the market gets "so embraced", "so believed in", "so relied on" that the theme in question becomes "overbought"... "expensive"... "full". Such is the case with the S & P 500 Utilities sector, by our work. The chart below of the Utilities Select Sector SPDR ETF (XLU) since the 2009 Financial Crisis low, tells the tale. At present, XLU is as "overbought" and "expensive" as at any time since the 2009 low. -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com .

Persons: Carter Braxton Worth Organizations: Utilities, —, CNBC, NBC UNIVERSAL

☆ MrBeast's $100M Amazon reality show may succeed despite controversy. But it could come back to haunt him.
▼ + stars: | 2024-10-04 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

AdvertisementMrBeast confirmed this week that his upcoming Amazon show, Beast Games, had cost more than $100 million. "They'll still do partnerships with him," Diana D'Angelo, the CEO of Breaking Creatives Agency, told BI. A spokesperson for Donaldson told BI that the lawsuit had not yet been served to him despite being filed two weeks ago. AdvertisementHowever, Chedid told BI these "stonewall tactics" may "come back to bite him," affecting his reputation and future partnerships. D'Angelo told BI Donaldson might decide to speak up if the controversy starts to affect his "bread and butter" — his YouTube channel.

Persons: MrBeast, —, Diana D'Angelo, they'll, he's, Jimmy, Donaldson, YouTubers KSI, Logan Paul, Paul, Rolling Stone, Robyn Abou Chedid, Chedid, Thomas Walters, Ava Tyson, Kevin Mazur, Tyson, Kraft Heinz's Lunchables, Walters, D'Angelo Organizations: Service, Beast Games, Amazon, Creatives, Reuters, The New York Times, Las, Guided Agency, YouTube, Beast Locations: Amazon, Las Vegas, Los Angeles, Toronto

☆ Video shows a stray alligator swimming near Florida's flooded streets after Hurricane Helene displaced it
▼ + stars: | 2024-10-04 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Hurricane Helene displaced alligators, turtles, and other wildlife in Florida. AdvertisementFlorida's alligators, turtles, and even sharks are finding themselves in new territory in the wake of Hurricane Helene. While people should be cautious, Claerbout said the FWC hasn't received any reports of alligator bites since Helene made landfall. However, ahead of Hurricane Helene, one Florida gator strolled around the Lakeland neighborhood, northeast of Tampa, and "got bold" enough to walk up to a house's front door, The Miami Herald reported. Alligators weren't the only wildlife affected by Hurricane Helene's floodsAfter Hurricane Helene, a manatee was stranded at MacDill Air Force Base, and the Fish and Wildlife rescuers helped relocate it.

Persons: —, Hurricane Helene, Commission's Lauren Claerbout, Ian, Shannon Stapleton, Claerbout, hasn't, Helene, Scott Tummond, Hurricane Harvey, Rick Wilking, University of Florida's Justin R, Dalaba, Frank J, Mazzotti, it's, Calerbout, Susannah Cogburn, NBC2, Cogburn, FWC Organizations: Service, Collier County Sheriff's, ABC, and, REUTERS, gators, University of Florida, gator, University of Florida's, Florida gator, Miami Herald, MacDill Air Force Base, Florida Fish, Water School, Florida Gulf Coast University Locations: Florida ., Hurricane, Collier County, San Marco, Southwest Florida, Florida, Punta Gorda , Florida, backyards, Taylor, Levy, Seadrift , Texas, Lakeland, Tampa, Park

Now through October 19, Blue Nile is offering up to 30% off select jewelry, including earrings, necklaces, bracelets, and engagement rings that we love. Keep scrolling to find some of my favorite Blue Nile deals. View at Blue NileFurther reading: Buying an engagement ring with a credit cardWhat should I buy from Blue Nile? Though you can definitely invest in some beautiful earrings, bracelets, and necklaces from Blue Nile, our style team especially loves the brand's engagement rings. When does the Blue Nile sale end?

Persons: I've, you've Organizations: Business Locations: Blue

☆ The shocking 'Joker: Folie à Deux' ending adds a unique twist to the Joker character
▼ + stars: | 2024-10-04 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

"Joker: Folie à Deux" is now in theaters. They did so by making "Joker: Folie à Deux" a musical that cast Lady Gaga as Joker's love interest, Harley Quinn. Here's everything to know about the "Joker: Folie à Deux" ending. "Joker: Folie à Deux." AdvertisementPhillips says he's not making a 'Joker 3'Lady Gaga holding Joaquin Phoenix in "Joker: Folie à Deux."

Persons: Arthur Fleck's, —, Todd Phillips, Joaquin Phoenix, Oscar, Phillips, Lady Gaga, Harley Quinn, Clown, Arthur Fleck, Harvey Dent, Harry Lawtey, Maryanne Stewart, Catherine Keener, Fleck, Lee Quinzel, Lee, Stewart, Dent, he's, Scott Garfield, Warner, we've, Arkham, Gaga, Lady Gaga's Harley Quinn, It's Organizations: Service, DC Comics, Warner Bros, Phoenix, Arkham, Batman, Hollywood, DC Locations: Arkham, Fleck, Phoenix

In a speech to Congress, also on Tuesday, with López Obrador sitting a few steps from her, the promises seemed more tangible. It is far less than the 2.6 million barrels per day López Obrador promised at the beginning of his term. Experts said Mexico would not be able to increase oil production using traditional methods, because its fields are getting tapped out. Mexico is almost out of oil,” said Adrian Fernandez, who holds a PhD in environmental science from Imperial College London and directs the Mexico Climate Initiative, a think tank. Before leaving office, López Obrador pushed through a constitutional reform that strongly favors the Federal Electricity Commission.

Persons: —, Claudia Sheinbaum, Andrés Manuel López Obrador, ”, López Obrador, Sheinbaum, Rosanety Barrios, Enrique Peña Nieto, Adrian Fernandez, Fernández, Hurricane John, Hurricane Otis, Claudia, ” Barrios Organizations: MEXICO CITY, Federal Electricity Commission, Mexican Energy Regulatory Commission, Ministry of Energy, Imperial College London, Mexico Climate Initiative, United Nations, Hurricane, CFE, Associated Press Locations: MEXICO, López, Mexico, Paris, Dos Bocas, Acapulco, Guerrero, AP.org

☆ Lachlan Morton’s historic cycle around Australia: Headwinds, hunger and ‘a very close call’ with a kangaroo
▼ + stars: | 2024-10-04 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

During his travels, the professional cyclist has braved brutal headwinds, extreme temperatures, dangerous traffic and even dusted himself off after a run-in with a kangaroo. That’s all while cycling up to 17 or 18 hours a day, stopping only to sleep, eat and mentally reset before doing it all again. “Rainy days, big, long headwind days – I think mentally they’re probably the most challenging,” says Morton. Reminding yourself that you’re just on a bike ride becomes very important.”This, however, is far from any normal bike ride. Morton has had to negotiate large trucks on his cycle around Australia.

Persons: ”, Lachlan Morton, it’s, Morton, “, ” Morton, you’ve, –, David Alley’s, “ You’re, Karter Machen, Rachel, ” – Morton, birdsong, He’s Organizations: CNN, Port Macquarie, CNN Sport, EF, Road, Association of Australia, Tour de France, Education –, Indigenous Literacy Foundation Locations: Port, Sydney, Australia, Adelaide, Brisbane, Broome, Darwin, Esperance, Melbourne, Perth, Paris, Munich, Ukrainian, Riding

☆ The beginner's guide to nepo babies
▼ + stars: | 2024-10-04 | by ( Amanda Yen | ) www.businessinsider.com time to read: +9 min

AdvertisementThere's one other field that's become a magnet for nepo babies with something new to say: journalism. The coastersBrooklyn Peltz Beckham and Nicola Peltz Beckham at the Academy Museum Gala in December 2023. Brooklyn Peltz Beckham and Nicola Peltz Beckham also fall into this category. The activistsSome nepo babies use their inherited millions to address social issues they're passionate about. The normiesLastly, there are some nepo babies who have chosen professions in fields where their connections won't help them quite as much.

Persons: —, John Quincy Adams, John Adams, Liza Minnelli, Judy Garland, Chan Zuckerberg, Mark Zuckerberg, Taylor Swift, Zuckerberg, Forbes — isn't, ultrarich, Alexandre Arnault, Antoine Arnault, Delphine Arnault, Bernard Arnault, Vianney Le Caer, Murdoch, Donald Trump, Fred Trump, Bill Gates, David Ellison, Larry Ellison, Jessica Pegula, Emma Navarro, Bruce Springsteen, Michael Bloomberg, Lance, Lawrence, Williams, Logan Sargeant, McLaren, Lando Norris, Jack Schlossberg, Kennedy, who's, Z's, Ronan Farrow, Mia Farrow, Woody Allen, rocketed, Harvey Weinstein, Brooklyn Peltz Beckham, Nicola Peltz Beckham, Frazer Harrison, Paris Hilton, Olivia Jade Giannulli, Lori Loughlin, she's, David, Victoria Beckham, Nelson Peltz, Abigail Disney, She's, Zers, Elon Musk's, Vivian Wilson, Jennifer Gates Nassar, Charles Shaffer, Anna Wintour Organizations: Service, Fox, News Corp, Oracle, Skydance Media, Aston Martin, New Yorker, Brooklyn, Academy Museum, Paris, Hilton, University of Southern, Zen, Disney, Bank of Mom, Vogue, Columbia University Locations: —, New, University of Southern California, Mount Sinai

☆ Lebanon: Israeli bombardment the ‘most intense aerial campaign’ outside Gaza in last two decades
▼ + stars: | 2024-10-04 | by ( Kara Fox | ) edition.cnn.com time to read: +6 min

The bombardment, which Israel says is targeting Hezbollah strongholds in the country, marks the world’s “most intense aerial campaign” outside of Gaza in the last two decades, according to the conflict monitoring group Airwars. “This isn’t normal,” Tripp said of both the scale and size of Israel’s strikes on Lebanon. CNN teams in Beirut this week found that many Israeli strikes happened without prior warning. Umm Mohammed and her five-year-old son who escaped the Israeli bombardment of southern Lebanon, are now sheltering under a tarpaulin on a seaside boardwalk in Beirut. More than 100 villages in southern Lebanon have now been issued the evacuation notices, stoking fears of an expanded ground invasion.

Persons: CNN — Israel, Emily Tripp, Raqqa, Israel, ” Tripp, Hassan Nasrallah, Umm Mohammed, Jomana Karadsheh, –, Michael Adams, , stoking Organizations: CNN, ISIS, Amnesty, CNN Hezbollah, CARE International, Residents Locations: Lebanon, Israel, Gaza, United States, Afghanistan, Beirut, Jomana, Iran, Gaza –, Dahiyeh, Beirut –

☆ Donald Trump's social media company has new worries and investors don't care
▼ + stars: | 2024-10-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

2 executive at Trump Media & Technology, the company that runs Trump's Truth Social, has resigned. You'd think this is the kind of thing that would worry Trump Media investors. 2 executive at Donald Trump's social media company resigned this week. And indeed, shares in Trump Media & Technology Group — the company that runs Trump's Truth Social platform — were down about 1% Friday morning. We've done this many times, so briefly: Trump Media & Technology Group runs Truth Social, but Truth Social is embryonic at best.

Persons: —, Donald Trump's, Trump, Devin Nunes, ProPublica, I've, Andrew Northwall, Northwall Organizations: Trump Media & Technology, Trump Media, Service, —, Trump Media & Technology Group

☆ There's a catch in OpenAI's $6.6 billion funding deal that no one is talking about
▼ + stars: | 2024-10-04 | by ( Natalie Musumeci | Alex Bitter | ) www.businessinsider.com time to read: +6 min

There's an important stipulation on OpenAI's historic $6.6 billion funding round. AdvertisementOpenAI's historically large $6.6 billion funding round is bringing in checks from some of the biggest technology and venture capital investors. If the ChatGPT-maker doesn't complete its transition to a for-profit company within two years, investors in the latest round could ask for their money back, multiple outlets have said. But "if there's disagreement within the entity, then it's much harder for the regulators to approve it," he said. AdvertisementStill, the legal experts said that though OpenAI's transition to a for-profit company is a complicated one, it's doable.

Persons: —, there's, doesn't, OpenAI, Jill Horwitz, Horwitz, Alexander Reid, Reid, doable, Elon Musk, Sam Altman, Greg Brockman, Musk, Altman Organizations: Service, University of California, Los Angeles School of Law, Internal, SEC, IRS, Employees Locations: OpenAI, Delaware, California

☆ OpenAI just secured a ton of new cash. Now it needs to wow us
▼ + stars: | 2024-10-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

One thing seems clear: The company is burning through far more cash than it’s bringing in, according to reporting from the New York Times. (That’s revenue largely from subscriptions to premium versions of ChatGPT and licensing its tech to third-party developers.) Here’s where things get a little wild:Next year, OpenAI estimates that its revenue will more than triple to $11.6 billion. It’s not clear how, or whether, OpenAI is working on reducing its significant cash burn. “It has nothing to do with reality.”One way OpenAI could improve its margins would be to cut costs.

Persons: CNN Business ’, New York CNN —, Goldman Sachs, that’s, Gil Luria, Davidson, ” Luria, “, Luria, There’s, OpenAI, Sam Altman, we’ve, ” Organizations: CNN Business, New York CNN, Google, Pfizer, Microsoft, Nvidia, Ark Investment Management, Apple, Wall Street, New York Times, Times, CNN, CNBC, Bravo, ” Locations: New York, Silicon Valley, Silicon

☆ Harris campaigns with Liz Cheney in a bid to win over Republicans skeptical of Trump
▼ + stars: | 2024-10-04 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

"I tell you, I have never voted for a Democrat, but this year, I am proudly casting my vote for Vice President Kamala Harris," Cheney told the crowd. Cheney said in September that both she and her father, Republican former Vice President Dick Cheney, would be voting for Harris over their party's nominee, former President Donald Trump. The Harris campaign has been looking for ways to take advantage of opposition to Trump within the Republican party. Since then, a small but growing number of prominent Republicans have come out in support of Harris' presidential campaign, including former Trump White House aide Cassidy Hutchinson and the Cheneys. "We have plenty of policy disagreements with Vice President Harris.

Persons: Liz Cheney, Kamala Harris, Harris, Cheney, Dick Cheney, Donald Trump, Trump's, Jack Smith, Trump, Harriet Hageman, Republican party's, Liz, Cassidy Hutchinson, Walz, denialism, Donald Trump's, Nikki Haley, Hillary Clinton, Joe Biden Organizations: Republican, Democratic, Democrat, Republicans, Washington D.C, House Republican Conference, Wyoming GOP, Trump, Republican Party, Historic Landmark, Trump White House, Wisconsin Republican, Wisconsin Republicans, Harris, Wisconsin's Electoral, Badger State Locations: Ripon , Wisconsin, Washington, Wyoming, Wisconsin, Carolina, Ripon

☆ Trump-endorsed Bibles meet requirements laid out for Oklahoma schools
▼ + stars: | 2024-10-04 | by ( Daniel Strauss | ) edition.cnn.com time to read: +4 min

CNN —Oklahoma is soliciting bids for Bible suppliers to provide their wares for the state’s education department – and the specific requirements fit Bibles endorsed by former President Donald Trump. The RFP requirements also say that the Bibles must have the Old and New Testaments, and include copies of the US Constitution. The Bibles sell for $60 online and, through his endorsement, the former president receives some of the proceeds, according to Oklahoma Watch. The RFP from superintendent Ryan Walters is part of his ongoing push to put Bibles in every classroom. In a statement, Oklahoma State Department of Education Director of Communications Dan Isett said the RFP was consistent with the “norms of state procurement.

Persons: Donald Trump, Lee Greenwood’s, Greenwood, “, ”, Ryan Walters, Communications Dan Isett, Walters, ” Isett, Colleen McCarty, ” McCarty, “ Ryan Walters, ” Walters, Trump, Alicia Andrews, ” Andrews, he’s Organizations: CNN, Oklahoma Watch, Trump, Oklahoma State Department of Education, Communications, Oklahoma Appleseed Center for Law & Justice, The New York Times, Conservative, Liberty, Prosperity, Oklahoma Democratic Party Locations: Independence, New Testaments, Oklahoma

☆ The EU just made Chinese EVs a lot more expensive — and created a new threat for European automakers
▼ + stars: | 2024-10-04 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Europe is clamping down on Chinese electric cars. European automakers are facing plunging EV sales and pressure over looming emissions targets. AdvertisementEurope is clamping down on Chinese electric cars — but the move to protect the continent's automakers could create a new problem for the likes of Volkswagen and BMW. The European Union voted to impose sweeping tariffs on Chinese EV makers on Friday as it seeks to protect its automotive industry from what the bloc claims are unfairly subsidized cheap Chinese electric vehicles. The European tariffs come after the US introduced its own trade restrictions against Chinese EVs earlier this year.

Persons: —, Teslas, Elon Musk, Tesla, Viktor Orbán, French carmaker Renault, Luca de Meo, Julia Poliscanova Organizations: EU, Service, Volkswagen, BMW, European Union, SAIC, Benz Group, BMW Group, Mercedes, Benz, VW, French, Reuters, Transport, Environment, Transport & Environment, Business Locations: Europe, China, Paris, Germany, Hungary, Frankfurt, Beijing

Michigan, which Joe Biden narrowly won in 2020, will be a crucial battleground again this November and is home to a large Arab American population. CNN has reached out to the Harris campaign for comment about the meeting. He cited growing frustration with what he described as a campaign more concerned with optics than addressing the anger and anxiety among Arab American voters. There were no leaders,” Zogby said of the Wednesday conversation. That call and other communications with the Harris campaign, and Biden’s before that, have irked the longtime Democratic pollster.

Persons: Kamala Harris, Harris, Joe Biden, Biden, Donald Trump, Abbas Alawieh, Alawieh, ” James Zogby, Zogby, Phil Gordon, ”, ” Zogby, they’ve, ‘, ’ ” Abed Ayoub, Ayoub, Harris ’, Tim Walz, ” Walz, “ Organizations: CNN, Democratic, Biden, Democrats, Capitol Hill, Arab American Institute and, Democratic National Committee, Harris, “, Minnesota Gov Locations: Flint , Michigan, Lebanon, Israel, Iran, Iranian, Yemen . Michigan, Gaza, Detroit, Palestinian American, Chicago, Michigan, Palestine

☆ A girl murdered in 2006 was just revived as an AI chatbot — and her family had no idea
▼ + stars: | 2024-10-04 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

Jennifer Ann Crecente, a high school girl murdered in 2006, recently reappeared as a chatbot on Character.ai. It had been 18 years since Jennifer Ann, a high school senior and Crecente's only child, was murdered by her ex-boyfriend in Austin. Grieving, Crecente had started a nonprofit in her name, working since 2006 to raise awareness for teenage dating violence. Drew CrecenteThe website also listed Jennifer Ann as an "expert in journalism" with expertise in video game news. "This is not quite impersonation in the sense that it seems transparent that it is an AI model," Conitzer said of the chatbot mimicking Jennifer Ann.

Persons: Jennifer Ann Crecente, —, Drew Crecente, Jennifer Ann, Crecente, she'd, I've, he'd, Jennifer Ann's, Brian, Brian Crecente, Character.ai, y3gvAYyHVY, Jennifer Ann chatbot, he's, they're, Cassie Lawrence, Vincent Conitzer, Conitzer, Sue Morris, Dana, they've, Morris, Noam Shazeer, Daniel De Freitas, Shazeer, De Freitas, Winni Wintermeyer, Elon Musk, Nicki Minaj, Ryan Gosling, Andreessen Horowitz, Dominic Perella Organizations: Service, Google, BI, Safety, Institute for, Oxford University, Farber Cancer Institute, Washington, Financial Times, Business Locations: Character.ai, Austin, San Francisco, Character.AI, Boston

☆ Problems keep piling up for budget airlines like Spirit Airlines — so get set to pay more
▼ + stars: | 2024-10-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Spirit Airlines is considering filing for bankruptcy protection, The Wall Street Journal reported. Its struggles are indicative of the wider issues faced by budget airlines as labor and fuel costs rise. AdvertisementIn another sign of the problems faced by budget airlines, The Wall Street Journal reported that Spirit Airlines is considering filing for bankruptcy protection. The introduction of premium-seating options and axing routes is spelling the end of budget airlines as we've known them. Its pre-tax income fell 63% in the second quarter of 2024 compared with the same period last year.

Persons: —, Ted Christie's, Neil Glynn, Glynn, Mario Tama, Elliott Organizations: Airlines, Street Journal, Service, Spirit Airlines, JetBlue, Control, Southwest Airlines, Getty, Frontier Airlines, Elliott Management

☆ Impact Plastics: Tennessee factory says workers had time to flee Helene’s floodwaters. Their families disagree
▼ + stars: | 2024-10-04 | by ( Alisha Ebrahimji | Caroll Alvarado | ) edition.cnn.com time to read: +12 min

The 56-year-old grandmother was one of 11 Tennessee plastics plant workers swept away by Hurricane Helene’s deadly floodwaters after they tried to leave the facility. Impact Plastics has forcefully denied those claims, saying late Thursday the allegations are false, and no employee was stopped from leaving. Supervisors “did not prohibit its employees from leaving” and “did not threaten anyone with discharge from employment,” Impact Plastics said. The agency, who is working with TBI to investigate, hadn’t yet received a fatality report from Impact Plastics as of Wednesday evening. Now Jarvis just has one question for Impact Plastics: “Why’d you make us work that day?

Persons: Elías Ibarra Mendoza, “, ” Ibarra Mendoza, Bertha Mendoza’s, Mendoza, Francesco Guerrero, Guadalupe Hernandez, Saul Young, Hurricane Helene –, Helene, Supervisors “, Greg Coleman, CNN’s, Kaitlin Collins ”, ” Coleman, “ We’ve, let’s, ” Gerald O’Connor, WCYB, Jacob Ingram, Hurricane Helene, Ingram, WVLT, ”, Water, O’Connor, TOSHA, Bertha, Guillermo Mendoza, “ That’s, “ We’re, ” Guillermo Mendoza, we’re, Monica Hernandez, Elizabeth Ramirez, Robert Jarvis, Jarvis, , texted, Erwin, ” Jarvis Organizations: CNN, Univision, Hurricane, Plastics, Associated Press, Impact Plastics, News Sentinel, USA, Tennessee Bureau of Investigation, Tennessee Occupational Safety, Health Administration, Supervisors, WVLT, Impact Plastics Inc, National Weather Service, “ Employees, Senior, O’Connor, Employers, Emergency Management Agency, National Guard Locations: Tennessee, Erwin, Erwin , Tennessee, Florida, Southern, Hurricane, ”, Mendoza

☆ Maersk slumps 7% as the end of U.S. port strikes weighs on European shipping stocks
▼ + stars: | 2024-10-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

An aerial view of the Dundalk Marine Terminal October 03, 2024 in Baltimore, Maryland. Shares of Moller-Maersk slumped more than 8% on the Friday market open as European shipping companies fell on the conclusion of a U.S. port strike. A prolonged strike would have provided a boost for European shippers to take a larger share of global supply chain demands. Maersk shares pared losses slightly to trade down 7.05% by 9:05 a.m. London time. Thursday's deal ended a strike that had choked U.S. East Coast and Gulf Coast ports since the start of the week and threatened U.S. supply of fruits, pharmaceuticals and automobiles, among other goods.

Persons: Germany's Hapag Lloyd, Nagel Organizations: Dundalk Marine, Moller, Maersk, U.S, dockworkers, United States Maritime Alliance, International Longshoremen's Association Locations: Dundalk, Baltimore , Maryland, U.S, London, Swiss, East Coast, Gulf Coast

☆ Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report
▼ + stars: | 2024-10-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"It also increases the possibility of a no-landing as well, meaning even stronger economic data for 2025 than we currently expect." watch nowBeyond that, it virtually eliminated any chance that the Federal Reserve would be repeating its half percentage point interest rate cut from September anytime soon. But broadly speaking, the news was very good and raised questions over just how aggressive the Fed will need to be. Jones said the Fed will have a dilemma on its hand as it figures out the proper policy response. "In an election year, passions run high and every economic report or event can garner intense reaction.

Persons: Anna Rose Layden, We've, Beth Ann Bovino, Friday's nonfarm, Dow Jones, Bovino, David Royal, Kathy Jones, Charles Schwab, Jones, they're, Elizabeth Renter Organizations: Outfitters, Getty, Federal Reserve, U.S . Bank, Fed, Fed Bank of America, Wall, U.S Locations: Tysons , Virginia, U.S

☆ Israel may not be able to take down Iran's nuclear sites on its own
▼ + stars: | 2024-10-04 | by ( Mikhaila Friel | Tom Porter | ) www.businessinsider.com time to read: +6 min

One option would be to take out Iran's nuclear sites — something Biden opposes. A hit on Iran's nuclear facilities could, however, create far graver consequences, potentially including a race by Iran to build a nuclear weapon. AdvertisementUS President Joe Biden would not support Israel's Prime Minister Benjamin Netanyahu in targeting nuclear sites. As The Financial Times noted, there are more than a thousand miles between Israel and Iran's main nuclear bases. And Iran's nuclear sites present a formidable target, sprawling across various sites, with several of the most sensitive located in heavily fortified underground bunkers.

Persons: Biden, —, Sabet, Joe Biden, Wisam, Benjamin Netanyahu, Jim Watson, Matthew Savill, Robert Dover, Issam, Filipo, Savill Organizations: Service, Geneva Graduate Institute, New York Times, Getty Images Israel, Brent, Reuters, Getty, Financial Times, US Congressional Research Service, Atomic Scientists, Royal United Services Institute, Hull University, EU, UN, University of Bristol Locations: Israel, Iran, It's, Lebanon, Anadolu, Fordow, London, Dover

☆ The port strike is over. Here’s what happens next
▼ + stars: | 2024-10-04 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

Then union members will get additional $4-per-hour raises every year during the life of the six-year tentative deal. The union had been willing to consider the $4-an-hour deal before the strike, union boss Harold Daggett said on the picket line outside the Port of New York and New Jersey early Tuesday, soon after the start of the strike. Thursday’s deal likely is the end of the strike, but it doesn’t close the door on a new strike in the future. Should the members vote against the deal, the strike might start once again. But union members voted nearly unanimously to reject it and have remained on strike since September 13.

Persons: Harold Daggett, Bryan R, Smith, Helene, Bethann Rooney, ”, Rooney Organizations: New, New York CNN, United, International Longshoremen’s Association, United States Maritime Alliance, Getty, Port Authority of New, Hurricane Sandy, International Association of Machinists, Boeing Locations: New York, United States, East, Gulf Coast, Port of New York, New Jersey, Maine, Texas, Virginia, Port Newark, AFP, Port Authority of New York, Port, NY, NJ, Hurricane

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