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☆ China's auto stocks rise unfazed by U.S. proposal to ban Chinese car parts
▼ + stars: | 2024-09-24 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Rows of new energy vehicles are parked at Changan Automobile's vehicle distribution center in Chongqing, China, on January 14, 2024. Shares of Chinese automakers climbed Tuesday, shrugging off a U.S. government proposal to ban certain types of vehicles equipped with car parts from China and Russia, amid a broad rally after Beijing announced policy easing. The Joe Biden administration has cited national security risks for its latest measure aimed at curbing Chinese auto industry's influence and reach in the U.S."Cars today have cameras, microphones, GPS tracking, and other technologies connected to the internet. U.S. proposal to ban Chinese auto parts may not have a direct negative impact on the Chinese auto industry as the sales volume of Chinese auto exports to the U.S. markets are "very small" and limited, Wu said. Additionally, Chinese parts companies have already set up factories in South America, which can be exported directly to U.S. markets under the U.S.-Mexico Tariff Agreement, he added.

Persons: shrugging, Li, Nio, Leapmotor, Joe Biden, Gina Raimondo, Ivan Wu, Pan Gongsheng, Wu Organizations: Beijing, Guotai, People's Bank of China Gov, U.S, China Automobile Dealers Association Locations: Chongqing, China, U.S, Russia, Hong Kong, South America, Mexico

☆ We finally got a rate cut. Here’s what history says will happen next
▼ + stars: | 2024-09-23 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —So we finally got a rate cut — and a supersized one at that. However, a recession started immediately when the Fed cut rates in July 1990 and just two months after it cut in January 2001. Unemployment rate: generally risesOn average, for those six cycles, the unemployment rate rose by 1.4 percentage points a year after the Fed cut rates. For instance, a year after the Fed cut rates in July 1995, the unemployment rate was unchanged at 5.5%. In the other four instances, the unemployment rate was at least a percentage point higher a year after the Fed cut rates.

Persons: Jerome Powell, it’s, Michelle Bowman Organizations: New, New York CNN, Fed, Consumer Locations: New York, stoke

☆ Before having kids, I thought light-up shoes were tacky. Now that I'm a mom, I get it.
▼ + stars: | 2024-09-22 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +4 min

Before kids, I couldn't figure out why parents would buy light up shoes or character clothing for their children. I was not prepared for the joy character items bring my daughterMy daughter loves clothes and gets excited when any new item gets delivered. But the day her new Ariel bathing suit arrived was a level of excitement that I've never seen before. A few months before the Ariel bathing suit, we were in Target. It's why I subsequently sought out an Ariel bathing suit because I knew it would make her over the moon.

Persons: —, Mary Jane shoes, Elsa, Peppa, Ariel, I'd, I've, animatedly, it's Organizations: Service, Business Locations: Target

☆ How reproductive rights, Greek life, and celebrity endorsements could prove key to Kamala Harris' bid for women voters
▼ + stars: | 2024-09-21 | by ( Rebecca Rommen | Nathan Rennolds | ) www.businessinsider.com time to read: +8 min

And it seems to be going well for the vice president so far. AdvertisementA key area closely connected to gender voting patterns — and which has helped tip elections toward the Democrats in recent years — is abortion rights. AdvertisementWomen-led political action committees (PACs) and organizations have also been rallying behind the vice president over the issue. The vice president is a member of Alpha Kappa Alpha, the US's oldest Black sorority and part of the National Pan-Hellenic Council — more commonly known as the Divine Nine. Black women are also getting behind Harris' running mate, Tim Walz, who has established himself as a reproductive rights messenger in his own right.

Persons: —, Kamala Harris, Donald Trump, Harris, Joe Biden, Roe, Wade, Biden, Vance, Shana Gadarian, Ali Monge, Jessica Mackler, Trump, — that's, Win McNamee, Tonya Ly, They've, Tim Walz, Walz, Brenda Coles, you've, hadn't, JD Vance, Taylor Swift, Cat Lady, Fernando Leon, TAS23, Drew Hallowell, Swift, Billie Eilish, Beyoncé, Darrell West, Winfrey, Obama Organizations: Service, Business, Democrats, Suffolk University, USA, Trump, Syracuse University, Women, PAC, Getty, Alpha Kappa Alpha, Black, Pan, Hellenic, Politico, DNC, Rights Management, Governance, Brookings Institution Locations: Minnesota, Virginia, Instagram, African

☆ London Fashion Week has plenty to celebrate on its 40th anniversary
▼ + stars: | 2024-09-18 | by ( Fiona Sinclair Scott | Leah Dolan | ) edition.cnn.com time to read: +15 min

London CNN —Against the backdrop of a challenging economic outlook for many brands — big and small — the 40th anniversary of London Fashion Week last week was certainly a time for reflection. Even Carly Marks, founder of avant-garde New York label Puppets and Puppets, chose London this season. But all eyes were on Burberry, undoubtedly the biggest brand on the London Fashion Week schedule, yet one that has been battling against sharply declining profits. To see the best bits of London Fashion Week, keep scrolling. Talia ByreErdem Jason Lloyd EvansSophistication, elegance and femininity were key themes at TOVE's third show at London Fashion Week.

Persons: Jonathan Anderson, JW Anderson, ”, Anderson, Victoria Beckham, Christopher Kane, Halpern, Molly Goddard, Rejina Pyo, hasn’t, David Koma, Daley, Queen Elizabeth II, Daley didn’t, Harry Styles, Anna Wintour, Emma Corrin, Nensi Dojaka, Carly Marks, Daniel Lee’s, It’s, Talia Byre, Sinead O’Dwyer, Ancuta Sarca, Paolo Carzana, Simone Rocha, Aaron Esh, Richard Quinn, Adonis, Di, Simone Rocha mused, Olsen, Chopova, JW Anderson Girliness, Simone Biles, Jordan Biles, Rebecca Andrade, Kamala Harris ’, America’s, “, Erdem, Marguerite Antonia Radclyffe Hall, John, Chopova Lowena, ruffles, Victor Virgile, Yuhan Wang, Olu Ogunshakin, Chris Yates, Talia Byre’s, Alaia Ali, Jane Couch, Bridget Riley, Wang, “ I’m, John Phillips, Alexander McQueen, Vivienne Westwood, John Galliano, Stella McCartney, —, Chet Lo, Dojaka, Calvin Klein, Hubert de Givenchy, Barry Keoghan, Dave Benett, Burberry Olivia Colman, Burberry, Burberry Burberry, James Manning, Isidore Montag, Daniel Lee's, Steven Stokey, womenswear, Francisco Gomez de Villaboa, Cris Fragkou SS Daley, Cris Fragkou HARRI, Eamonn M . McCormack, HARRI didn't, Joe Maher, James Mason, James Mason Quinn's, James Mason Erdem, suiting, Jason Lloyd Evans Moralıoğlu’s, Jason Lloyd Evans, Jason Lloyd Evans Chopova Lowena, Lowena, Hellman's, Marco Capaldo, 16Arlington, Arlington Dianna Agron, Lily Bloom, Dave Bennett, CompletedWorks, Ben Broomfield, Ben Broomfield Natasha Zinko's, Zinko, Stefan Knauer, Aldama, Ik Aldama, Henry Nicholls, Bella Hadid, Rihanna, Crocs, Francesco Zinno Talia Byre, Talia Byre Byre, Jeff Spicer Organizations: London CNN —, London, New York, Burberry, National Theatre, Royal Academy, Emirates, JW, Olympics, Erdem, Chris Yates Media, Arsenal, Pan, CNN, Getty, JW Anderson Lingerie, Clarks, London Fashion Locations: London, British, S.S, Italian, Di Petsa, Arlington, America, Dorchester, The Dorchester, Bloomsbury, AFP

☆ A hedge that pays off if the chip stock comeback isn't for real
▼ + stars: | 2024-09-17 | by ( Nishant Pant | ) www.cnbc.com time to read: +2 min

Despite taking a beating in the latter part of August, most chip stocks have staged an impressive relief rally so far. Additionally, it's worth noting that the RSI (Relative Strength Index) is starting to curve downwards, signaling a loss of upward momentum. The trade The trade structure I am using here is called a "bear put spread". THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: AVGO Organizations: Broadcom, Investment, CNBC, NBC UNIVERSAL

☆ I celebrated my 40th birthday twice — first with family, then with friends. I'm so happy I kept them separate.
▼ + stars: | 2024-09-17 | by ( Emma Morrell | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, though, I wanted to celebrate with friends and family. My family's trip to Namibia in 2019, booked with Namibia Tours and Safaris, cost $5,000, excluding flights. We found our restaurant tucked down a back street behind the Musée du Louvre, basking in the luminous evening light.

Persons: —, waterslides, Emma Morrell, Coeur Organizations: Service, Business, Namibia Tours, Tuileries Locations: Africa, Namibia, Paris, France, Saint, Germain, En, Laye, Lights, Montmartre, Jardin, Europe

☆ European stocks set to open higher with central bank decisions in focus
▼ + stars: | 2024-09-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Tourists are visiting the center of Munich in Munich, Germany, on July 21, 2024. LONDON — European stocks are set to open higher Tuesday, as upcoming central bank meetings remain in focus. The FTSE 100 was seen opening 38 points higher at 8,311, the German DAX up 54 points at 18,681, the French CAC 28 points higher at 7,471 and Italy's FTSE MIB up 70 points at 33,622, according to IG data. The pan-European Stoxx 600 index struggled at the start of the week, closing 0.2% lower on Monday. Investors are awaiting key monetary policy decisions the week, with the U.S. Federal Reserve widely expected to cut rates for the first time in four years on Wednesday.

Persons: DAX Organizations: LONDON, CAC, U.S . Federal Reserve Locations: Munich, Germany

☆ Potential Tropical Cyclone 8 brings heavy rainfall to the Mid-Atlantic with millions under flood watch
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kathryn-Prociv.Jpg | Kathryn Prociv | ) www.nbcnews.com time to read: +3 min

An area of heavy rain and thunderstorms off the North Carolina and South Carolina coastlines Monday morning, designated Potential Tropical Cyclone 8 (or PTC 8 for short), is the next potential Atlantic system that may affect the continental United States. Meanwhile, Wilmington, North Carolina recorded a 60mph wind gust earlier on Monday morning. Minor storm surge of 1 to 3 feet is forecast from South Santee River, South Carolina to Oregon Inlet, North Carolina, and along the Neuse, Bay, Pamlico and Pungo Rivers in North Carolina. Six million people are under a Flood Watch from northeast South Carolina up through central North Carolina. For interior North Carolina 2 to 4 inches, with locally higher amounts up to 6 inches, could fall through Tuesday.

Persons: Hurricane Francine, Gordon Organizations: National Weather Service, Carolina, NOAA, North Carolina ., Flood Locations: North Carolina, South Carolina, United States, Charleston , South Carolina, Wilmington, Carolina Beach , North Carolina, Louisiana, Carolina Beach, Pan, , North Carolina, Wrightsville Beach , North Carolina, Wilmington , North Carolina, Charleston, Myrtle Beach, Carolina, Virginia , Maryland, Delaware , New Jersey, New York, South Santee River , South Carolina, Oregon, Pungo Rivers, Myrtle Beach , Wilmington , Cape Hatteras, Raleigh, Virginia

☆ Private-label grocery brands boomed during inflation. Prices are down, but store-brand items keep going higher
▼ + stars: | 2024-09-16 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Private brands — also called store brands and private-label brands — of foods and beverages have shared shelf space with national brands for years. Customer shopping habits are changing for goodIn the past, the value proposition of private brands was driven primarily by lower prices. But consumer attitudes are evolving, according to a recent survey by the Food Industry Association, which represents both food retailers and producers. And 46% said they expect to buy private brands somewhat or much more, compared to 27% saying that for national brands. "In the U.S., the market for private brands as an industry to eclipse national brands is not something we'll see," Baker said.

Persons: Peggy Davies, they've, Kraft Heinz, —, Rick Gomez, Sally Lyons Wyatt, John David Rainey, Scott Morris, Kroger, King Scoopers, Albertsons, Smart, Lyons Wyatt, They've, Doug Baker, Baker, Gen Zers, Xers, Steve Zurek, there's, Zurek, Morris, Gen, Joe's Organizations: Retailers, Private Label Manufacturers Association, Procter & Gamble, Walmart, Kroger, Albertsons, Target, Wall Street, Walmart U.S, Brands, Metro Market, Food Industry Association, Aldi Locations: Kellogg's, U.S, California , Florida, Western Europe

☆ European markets set to open higher ahead of bumper week for central banks
▼ + stars: | 2024-09-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

A view of the Navigli in Milan, Italy on May 20, 2024. LONDON — European stocks were set to open higher Monday as investors prepared for a bumper week of interest rate decisions from the U.S Federal Reserve and the Bank of England. The FTSE 100 was seen opening 4 points higher at 8,278, Germany's DAX up 27 points at 18,713, France's CAC 7 points higher at 7,468 and Italy's FTSE MIB up 30 points at 33,583, according to IG data. The pan-European Stoxx 600 closed higher on Friday and added 1.09% for the week as positive momentum returned to the market. With a U.S. rate cut now all but guaranteed, investors are waiting to see by how much the Fed will cut rates on Wednesday, and what guidance chair Jerome Powell will give on the future path for monetary policy.

Persons: Germany's DAX, Jerome Powell Organizations: LONDON, U.S Federal Reserve, Bank of England, CAC Locations: Milan, Italy

☆ The history of the US Secret Service
▼ + stars: | 2024-09-16 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

The agency was commissioned within the Treasury Department, and the Secret Service was entirely focused on counterfeit money, a major problem of the day. Threatening presidents was not made a crime until 1917, the same year Congress approved Secret Service protection for the immediate family of a president. The Secret Service remained a part of the Treasury Department until 2003, when a massive government reorganization after the 9/11 terror attacks moved the Secret Service to the Department of Homeland Security. But the Secret Service is still tasked with fighting financial crimes. The entire Secret Service employs nearly 8,000 people for its protective and investigative missions, and it secures thousands of events each year.

Persons: Abraham Lincoln, Allan Pinkerton, Lincoln, Erik Larson, Pinkerton, Union Gen, George McClellan, McClellan, Lafayette Baker, John Frederick Parker, Parker, John Wilkes Booth, Baker, Booth, Grover Cleveland, — James Garfield, William McKinley, Leon Czolgosz, Theodore Roosevelt, Roosevelt, Robert F, Kennedy, Trump’s reemergence, Trump, CNN’s Stephen Collinson, Kamala Harris, walling, Ryan Wesley Routh, Sen, JD Vance, Trump’s, Ron DeSantis, Kimberly Cheatle Organizations: CNN, Union, of Congress, Library of Congress, Smithsonian Magazine, Ford’s Theatre, United States Secret Service, Service, Treasury Department, Congress, White, California Democratic, Department of Homeland Security, Trump, Republican, Secret Service, Republican Gov Locations: Baltimore, Lincoln, Washington, DC, Los Angeles, New York City, Pennsylvania, West Palm Beach , Florida, Alexandria, Virginia

☆ A Fed rate cut may lend a helping hand to Chinese stocks. Or not.
▼ + stars: | 2024-09-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

By extension, the move in Washington, D.C. could also spell good news for Chinese stocks. High U.S. interest rates relative to China have made it fairly straightforward for global institutions to pick U.S. Treasurys over Chinese stocks. More than lower rates needed Other global investors say Chinese stocks need more than easier monetary policy to become truly attractive. The "government can push interest rates down, but if households don't want to spend the extra income, it won't go into the economy," he said. Earlier this year, People's Bank of China Governor Pan Gongsheng acknowledged U.S. Fed easing would create room for China to further cut interest rates.

Persons: Steven Sun, Laura Wang, Morgan Stanley, Aaron Costello, Yi Gang, Costello, James Wang, Wang, Pan Gongsheng Organizations: U.S . Federal Reserve, HSBC, HSBC Qianhai Securities, Nasdaq, U.S, Treasury, Cambridge Associates, CNBC, People's Bank of China, UBS Investment Bank Research, UBS, Hang Seng China Enterprises, China Southern Airlines, Hengli Petrochemical, Saudi, Aramco Locations: China's, Washington ,, China, 1H24, Asia, U.S, Beijing, Hang, Shenzhen, Shanghai

☆ How Bear Grylls spends his 5 to 9 — from walking barefoot outdoors to cold plunges
▼ + stars: | 2024-09-14 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +9 min

But it was a first when Bear Grylls joined our call while hiking in rugged, rural north Wales where he lives. Only seeing him abseil down a mountain with his phone in one hand would have made the set-up any more classic "Bear Grylls." Obama and Grylls on "Running Wild with Bear Grylls." We also make some really good healing mushroom cacao hot chocolates with raw milk and honey, and it's just insanely good. I'm really lucky, I sleep really well.

Persons: I'm, Bear Grylls, Grylls, It's, wasn't, Barack Obama, chow, Zac Efron, Obama, I've, Ian Forsyth, we're, You've, Shara, Karwai Tang, they're, it's Organizations: Eton College, Business, Special Air Service, Delta Force, NBC, British Army, SAS, Royal Marines Locations: Wales, North Wales

Even though Latinos in the U.S. have become more aware of the word "Latinx," about half of the Hispanic population still has never heard of the gender-neutral alternative, the Pew Research Center found in a study published Thursday. The number of Latinos who have heard of "Latinx" has nearly doubled since 2019, when only 23% of the Hispanic population reported being aware of it. Now, almost half of the U.S. Latino population (47%) say they have heard of "Latinx," according to the study. The share of the Hispanic population who use "Latinx" to describe themselves remained statistically unchanged from 2019 to 2023. Only 3% of the Hispanic population nationwide used the word to describe themselves in 2019, which rose to 4% in 2023.

Persons: “, La Raza Organizations: Pew Research Center, Pew, Puerto, National Council, La Locations: U.S, Spanish, Spain, Puerto Rican, Latin America, Caribbean

☆ UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
▼ + stars: | 2024-09-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

UniCredit 's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover. Whispers cooled in January, however, when Deutsche Bank CEO Christian Sewing said that merger and acquisition activity was not a priority for the group at the time. A UniCredit takeover of Commerzbank would emerge as a rare, if long-awaited, instance of consolidation among Europe's banking titans.

Persons: UniCredit, Andrea Orcel, Orcel, it's, Deutsche Bank CEO Christian Sewing Organizations: Bloomberg, HypoVereinsbank, Alpha Bank, Hellenic Financial Stability, Deutsche Bank, Deutsche Bank CEO Christian, Commerzbank, titans Locations: Commerzbank, Germany, Munich

In a statement Wednesday, his attorney said Combs “is shocked and disappointed” by Richard’s lawsuit. According to the suit, Richard tried multiple times to intervene, offered Ventura support and encouraged her to leave Combs. Like other lawsuits, including Ventura’s, Richard’s suit depicts Combs as violent and controlling. Throughout the productions of the “Making the Band” series, the suit alleges, she and the members of Danity Kane were deprived of basic needs such as adequate food and sleep. The suit also alleges Richard attended parties at Combs’ houses, where she witnessed what she believed were inebriated underage girls being sexually violated by Combs and his guests.

Persons: Sean “ Diddy ” Combs, Danity Kane —, groped, Dawn Richard, Combs, Danity Kane, Lisa Bloom, “, Dawn, Combs “, ”, ” Erica Wolff, Richard, Combs ’, Casandra Ventura, Cassie, Ventura, Mr, Ben Brafman, Diddy, Harve Pierre, Pierre, ” Combs, Miami, Richard’s, Frank Richard, “ Combs, ” Richard Organizations: MTV, Southern, of, Ventura, CNN, Diddy, “ Locations: U.S, of New York, Ventura, Los Angeles, California, Baltimore, New York

Trump’s campaign said before the debate that he had already accepted debate invitations from Fox News and NBC News, and that Harris had not. Speaking to reporters on Wednesday, Trump said he would participate in debates with NBC News or Fox News. Fresh off the perceived win, pushing Harris into several debates seemed like a strategic goal for Trump, and Harris rebuffed a request for one on Fox News in early September. Harris has not accepted a second debate with Trump, but her campaign appeared more open on Wednesday. “But the most important indication here is that Harris failed to explain why she hasn’t already done the things she claims she cares about.

Persons: WASHINGTON, Donald Trump, Kamala Harris, Trump, Harris, Trump’s, Joe Biden, —, Chris Christie, Trump's, Brian Fallon, “, Fox, ” Trump, Brian Hughes, Hughes, ” Hughes, ” Eric Levine, ”, Levine Organizations: Democratic, Fox News, NBC News, Truth, Wednesday, Trump, New, New Jersey Gov, ABC News, ABC, NBC, Republican Locations: New Jersey, New York

☆ Protesters storm Mexico’s Senate after ruling party wins votes for court overhaul
▼ + stars: | 2024-09-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

Yunes Linares strolled into the Senate chambers and was met with applause and chants of “hero!” by Morena senators and screams of “traitor!” from his own party. One PAN senator, Lilly Téllez, even threw dozens of coins at Yunes Linares, calling him a ”traitor who sold out his country” for his own benefit. A Senate vote was expected Wednesday. Yunes had challenged it and got a temporary suspension, calling it a political persecution by the governing Morena party, the same party his father now appears ready to support. A Yunes vote in favor would allow the ruling party to clear the biggest hurdle in making the proposal law.

Persons: Yunes Linares, Lilly Téllez, Marko Cortés, Sen, Yunes Márquez, Yunes, Cortés, López Obrador —, — Organizations: PAN, Yunes Locations: Morena

☆ Protesters storm Mexico's Senate, pausing judicial reform debate
▼ + stars: | 2024-09-11 | by ( ) www.nbcnews.com time to read: +2 min

MEXICO CITY — Mexico’s Senate paused debate of a controversial judicial overhaul on Tuesday after protesters broke into the building, adding drama to already tense discussions of the reform, which critics fear could undermine the country’s rule of law. Lopez Obrador and President-elect Claudia Sheinbaum have vigorously defended the reform as essential for holding judges accountable and reducing corruption. As senators debated the reform, opposition lawmakers accused the ruling bloc of underhanded tactics to secure the necessary two-thirds majority. But speculation is mounting that opposition PAN Senator Miguel Angel Yunes has switched allegiance to the ruling bloc over the reform. While the Senate was in session, Yunes requested medical leave in a letter read by the secretary of the Senate’s board of directors.

Persons: Jose Gerardo Fernandez, ”, Andres Manuel Lopez Obrador, Lopez Obrador, Claudia Sheinbaum, Critics, Morena, Miguel Angel Yunes, Yunes Organizations: MEXICO CITY —, PAN, NBC Locations: MEXICO, United States, Canada

☆ Megabus, Coach USA Bankruptcy: Wall Street Wrecked Discount Bus Option
▼ + stars: | 2024-09-11 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.

Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus

☆ Sean ‘Diddy’ Combs: Former member of Danity Kane accuses Combs of sexual battery in new lawsuit
▼ + stars: | 2024-09-11 | by ( Sandra Gonzalez | Elizabeth Wagmeister | ) edition.cnn.com time to read: +6 min

The filing further alleges that Richard witnessed Combs “brutally beat” his then-girlfriend Cassie Ventura, including instances where Richard claims to have seen Combs choke, strangle, slap, punch and strike Venture with objects. “On many occasions, Ms. Richard tried to intervene, offering Ms. Ventura support and encouragement to leave Mr. Combs,” the claim states. Combs was seen earlier this year in a 2016 video published by CNN grabbing, shoving, dragging and kicking Ventura. While working with Combs in this capacity, the claim alleges Richard witnessed multiple instances of Combs committing acts of physical violence against Ventura. Another lawsuit accused his son Christian Combs of sexual assault, and Sean Combs is accused of aiding and abetting.

Persons: Dawn Richard, Danity Kane, Sean “ Diddy ” Combs, ”, Richard, Combs “, Cassie Ventura, Combs, Ventura, ’ ” Erica Wolff, “, Jimmy Iovine, Iovine, ’ ” Sean, Diddy, Dawn Richard of Diddy, Gareth Cattermole, Kalenna Harper, “ Mr, ’, ” Richard, Christian Combs, Sean Combs Organizations: CNN, MTV, Venture, Ventura, Interscope Records, Interscope, Bad Boy Entertainment, Combs Enterprises, Iovine, Miami, US Justice Department Locations: New York, Ventura

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty ImagesLONDON — European stocks were mixed on Tuesday, following a more positive session at the start of the week. The more mixed picture for European stocks today comes after regional markets closed higher on Monday, shrugging off last week's negative sentiment. Investors are largely looking ahead to next week's meeting of the U.S. Federal Reserve where an interest rate cut is widely anticipated.

Persons: Mike Kemp, Germany's DAX, shrugging Organizations: CAC, Tech, AstraZeneca, Nasdaq, Investors, U.S . Federal Reserve Locations: London, United Kingdom, The City, Asia, Pacific

AdvertisementHow to clean a window AC unitYou should clean your window air conditioner thoroughly at least once a year. AdvertisementHow to clean a window AC unit with moldDrago recommended a deep clean of your window AC unit if you discover mold, performing all of the abovementioned steps. AdvertisementHow to clean a window AC unit without removing itThe safest way to thoroughly clean your window air conditioner is to remove it from the window, but that's not always possible. Insider's takeawayCleaning your window air conditioner will extend its lifespan, ensure it functions properly, and save you money in energy costs. Consider a few of the picks from our best air conditioner guide:Midea U Inverter Window Air Conditioner (MAW08V1QWT) The Midea U Inverter Window Air Conditioner features a unique design that allows you to open the window when it's installed, and it's one of two ACs to earn Energy Star Most Efficient Certification.

Persons: Ray Bramble, Vincent Drago, James Brains, Drago, Bramble, you've, that's, it's Organizations: King, Energy, Amazon Locations: Aire, Central Shenandoah Valley, Westchester County , New York

☆ Citi says buy this boat dealer because Fed rate cuts will increase affordability
▼ + stars: | 2024-09-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

MarineMax is a smart pick for investors looking for beneficiaries of lower interest rates, according to Citi. Analyst James Hardiman upgraded shares of the boat dealer to buy from neutral and upped his price target by $4, or 10%, to $44. Key to Hardiman's upgrade is the idea that the stock can get a boost when the Federal Reserve cuts interest rates. After holding interest rates steady at 5.25% to 5.50% for more than a year, the long-awaited first cut may come as soon as next week. Shares briefly popped more than 7% in early Monday trading, a reprieve after a tough 2024, when MarineMax shares have tumbled more than 21%.

Persons: James Hardiman, CME's, Hardiman Organizations: Citi, Federal Reserve

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