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☆ Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
▼ + stars: | 2024-10-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter. Operating profit fell to 2.86 billion euros ($3.1 billion), while third quarter sales revenues slipped 0.5% year on year to around 78.5 billion euros. Vehicle sales fell 8.3% in the third quarter of 2024 compared to the same time period a year earlier, Volkswagen said. Net liquidity across the Volkswagen Group stood at negative 160.6 billion euros at the end of September 2024, it said. Operating profit between January and September of this year was 21% lower on an annual basis.

Persons: Arno Antlitz Organizations: Volkswagen, Volkswagen Group Locations: Germany

☆ This company's vision for a smokeless world is driving the transformation of the global tobacco industry
▼ + stars: | 2024-10-30 | by ( Sponsored Reynolds American Inc. | ) www.businessinsider.com time to read: +3 min

The global British American Tobacco Group (BAT) is pursuing "A Better TomorrowTM by Building a Smokeless World" — and transforming their business and an entire industry. Reynolds American and BAT believe tobacco harm reduction (THR) could be one of the most significant advancements in public health. Reynolds American and BAT have created dynamic work environments and inclusive cultures, which have earned both organizations many external accolades. Sustainability is at the heart of the Reynolds American organization's transformation and is directly linked to its goals around THR. Reynolds American and BAT are optimistic that their investments focused on sustainable business transformation will drive positive momentum and progress the Building a Smokeless World mission.

Persons: Reynolds Organizations: American Tobacco Group, US, BAT, Reynolds, Reynolds American, BAT Group, Sustainability, Reynolds American Inc, Insider Studios, Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc, Snuff Company, Company, Modoral Brands Inc Locations: North Carolina, London, Santa Fe

☆ Insana: Musk, Paulson seek sharp U.S. budget cuts. This ‘shock therapy’ isn’t likely to work
▼ + stars: | 2024-10-30 | by ( Ron Insana | ) www.cnbc.com time to read: +2 min

They have thrown economies into a tailspin, causing deep recessions and social upheaval. Elon Musk and hedge fund manager John Paulson are calling for cuts to the U.S. budget if former President Donald Trump is re-elected and they join his cabinet. Both have both endorsed slashing budgets, with Musk this week calling for a $2 trillion reduction. The other question involves the impact of sharp budget cuts on the U.S. economy. Musk has suggested the economy – and, by extension, Americans — would need to endure short-term pain for long-term gains.

Persons: Elon Musk, Elon, John Paulson, Donald Trump, Trump, Paulson, Musk Organizations: SpaceX, Tesla, Ridley High School, Social Security, Congressional Locations: Folsom , Pennsylvania, U.S

☆ Evercore ISI names stocks that could win under either Trump or Harris win
▼ + stars: | 2024-10-30 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The outcome of this year's presidential election could bode well for different parts of the stock market, according to Evercore ISI. "Trump will be positive for US-only retailers (which have higher tax rates vs retailers with int'l exposure)," Evercore ISI said. Under a Harris win, these stocks could benefit, per Evercore ISI: Evercore ISI forecasts Harris winners to be renewable energy and EV companies, as that administration is expected to maintain the Inflation Reduction Act and other clean energy policies. Discount retailers such as Burlington and Ross Stores are another likely beneficiary of a Democratic win, according to Evercore ISI. A slew of tech companies, namely Apple , Dell and Hewlett Packard Enterprise , could fare well with a Harris win given the risk of lower tariffs.

Persons: bode, Kamala Harris, Donald Trump, Emanuel, Halliburton, Trump, ULTA, Dave Kimbell, Tesla, Elon Musk's, Harris, BURL, LSEG, Ross, Biden Organizations: ISI, Democratic, Republican, NBC, Trump, Halliburton, Exxon Mobil, Exxon, Care, NextEra, Harris . Discount, Ross Stores, Burlington, Apple, Dell, Hewlett Packard Enterprise, Palo Alto Networks Locations: U.S, China, Burlington

☆ Carvana raises 2024 earnings guidance after topping Wall Street's Q3 expectations
▼ + stars: | 2024-10-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Carvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street's third-quarter expectations. For 2024 guidance, Carvana said its adjusted earnings before interest, taxes, depreciation and amortization would be "significantly above the high end" of its previous target of $1 billion to $1.2 billion. The company reported $339 million in adjusted EBITDA last year. Adjusted EBITDA was $429 million and adjusted EBITDA margin was 11.7%, both topping company records achieved during the second quarter. The company's third-quarter 2023 results included adjusted EBITDA of $148 million and revenue of $2.77 billion.

Persons: Carvana

☆ The Fed is likely to disappoint markets with just one more rate cut this year amid global inflation, BlackRock CEO says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

BlackRock CEO Larry Fink says the Fed will cut rates just once more this year. The market sees two more 25 basis point cuts before the end of the year. AdvertisementThe Federal Reserve will disappoint markets by cutting interest rates just one more time in 2024, BlackRock CEO Larry Fink said. Fink said the Fed will likely cut interest rates by 25 basis points before the end of the year amid a rise in global inflation. The central bank kicked off its easing cycle with a jumbo 50 basis point cut last month.

Persons: Larry Fink, —, Fink, " Fink, we're, Goldman Sachs, Morgan Stanley Organizations: BlackRock, Fed, Service, Reserve, Infrastructure Investment, Jobs Act, U.S . Bureau of Labor Statistics, CNBC Locations: Riyadh, Saudi Arabia

☆ The 2024 presidential election, explained
▼ + stars: | 2024-10-29 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +16 min

For Democrats, President Joe Biden dominated the primaries and faced only token opposition. Vice President Kamala Harris speaks as former President Donald Trump listens during a presidential debate at the National Constitution Center in Philadelphia on September 10, 2024. Trump was accused by the Justice Department of election interference after he tried to overturn the 2020 election results. The most populous states are California (54 electoral votes), Texas (40 electoral votes) and Florida (30 electoral votes). The total number of electoral votes, 538, is an even number, which means a tie is conceivable.

Persons: CNN —, Hurricane Helene, Jonathan Drake, Kamala Harris, Tim Walz, Donald Trump, Sen, JD Vance, Ohio, Party’s Chase Oliver, Jill Stein, Robert F, Kennedy Jr, Trump, Harris, Read, Joe Biden, Biden, Saul Loeb, Hillary Clinton, Roe, Wade, Harris ’, Hannah Beier, White, –, Barack Obama, Bill Clinton, Clinton, Nathan L, Gonzales, Kent Nishimura Organizations: CNN, Democrat, Minnesota Gov, Republican, Trump, Republicans, Democrats, Capitol, GOP, National Constitution Center, Getty, US, Justice, White, Electoral College, Voters, Washington, White House, Black, North Carolina, Georgia, Electoral, Senate, Bloomberg, Democratic Locations: Indiana, Kentucky, Alaska, Washington state, Oregon, Utah, Hurricane, Marion , North Carolina, Philadelphia, Florida, New York, Alaska , Delaware, , Vermont, Wyoming, California, Texas, Washington ,, Puerto Ricans, Doylestown , Pennsylvania, Pennsylvania, Michigan, Wisconsin, West Virginia, Arizona, Nevada, West, North Carolina, Georgia, East . Arizona , Georgia, Nebraska, Maine, Trump, Omaha, Washington, Montana, Ohio

☆ 10-year Treasury yield rises above 4.3% as investors look to key data
▼ + stars: | 2024-10-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over 2 basis points at 4.304%. The 2-year Treasury yield was last up by less than 1 basis point at 4.146%. U.S. Treasury yields were higher on Tuesday, with the 10-year Treasury yield continuing to trade at multi-month highs as investors looked to upcoming economic data. On Tuesday investors will be watching out for fresh consumer confidence insights and home price data as well as the latest JOLTS job openings figures. Those are the first of a series of labor market related data releases slated for the week.

Organizations: Treasury, U.S, Federal, Traders, Fed

☆ GDP report Wednesday expected to show more growth, less inflation
▼ + stars: | 2024-10-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The Commerce Department is expected to report Wednesday that gross domestic product grew at a hardy 3.1% annualized pace in the third quarter, adjusted for seasonality and inflation, according to the Dow Jones consensus forecast. Along with that, the release is expected to show that inflation moved closer or perhaps even below the Federal Reserve's 2% target. The Fed uses the personal consumption expenditures price index, included in the GDP estimate, as its primary inflation gauge. The report, then, should indicate a solid economy and easing inflation , the latter at least on a relative basis from how things looked a year ago. "Overall, another quarter of above-trend growth and a benign inflation reading will be welcomed by the Fed."

Persons: Dow, Oliver Allen, Allen, nudging, Alice Zheng Organizations: Commerce Department, Fed, Pantheon, stoke, Citigroup, Citi Locations: U.S

☆ What's expected to get more and less expensive under Trump or Harris
▼ + stars: | 2024-10-29 | by ( Ayelet Sheffey | Brent D. Griffiths | ) www.businessinsider.com time to read: +10 min

Detailed below is what Harris and Trump have proposed to lower costs for Americans. AdvertisementWhile the pace of inflation has slowed, Americans continue to struggle with high prices at gas stations, grocery stores, and more. Those high prices have become a key issue for voters as the presidential election approaches. Both Donald Trump and Kamala Harris have outlined plans they say will lower costs for Americans through various policies. "If you were to try and cut down grocery prices today, there's no state of emergency.

Persons: Harris, Trump, —, Donald Trump, Kamala Harris, Tim Walz, Taylor Rogers, Dan Scheitrum, Scheitrum, it's, Rogers, Biden, Sen, JD Vance, Ohio Organizations: Service, Business, Democratic, Minnesota, Republican National Committee, Pew Research Center, California Polytechnic State University, Trump, Tax, Economic, of New, RNC, Census, Center, GOP, Gas, Biden, House, Strategic Petroleum Reserve Locations: America, Pennsylvania, Trump's, Las Vegas, of New York

☆ Why Boeing's $21 billion share sale is an early Christmas present for Wall Street
▼ + stars: | 2024-10-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

AdvertisementWall Street bankers tasked with helping companies raise money through sales of stock just got an early Christmas present. The sale ended up raising nearly $21 billion, marking one of the largest deals for US equity-capital-markets bankers in history. Thanks to the Boeing capital raise, he now predicts ECM bonus increases of 30%, he said. 'A rising tide lifts all boats,' comp expert saysThe ultimate size of Boeing's capital raise puts it in league with some of the largest raises ever, according to global equity capital raise data provided by LSEG. But, based on Johnson's forecast, it seems those involved in the Boeing capital raise may find themselves flying highest on bonus day.

Persons: Goldman Sachs, —, bookrunners Goldman Sachs, Morgan Stanley, Alan Johnson, Johnson, Semafor, Thoma Bravo, It's, they've Organizations: Boeing, PJT Partners, RBC Capital Markets, Service, Monday, Bank of America, Citigroup, JPMorgan, Wall, Johnson Associates, LSEG, Petrobras, Lloyds, Nasdaq Locations: Brazilian, British

☆ Harris vs. Trump: Auto insiders weigh in on both candidates, top issues
▼ + stars: | 2024-10-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Electric vehicles, trade, tariffs, China, emissions regulations and labor are among the top issues automakers are monitoring, according to industry executives and policy experts. Harris vs. TrumpOfficials expect a Harris victory to be a continuation, but not a copy, of the past four years under Biden. Republican presidential nominee and former U.S. President Donald Trump speaks as he visits a campaign office in Hamtramck, Michigan, U.S. October 18, 2024. Republicans, led by Trump, have largely condemned EVs, saying that they are being forced upon consumers and that they will ruin the U.S. automotive industry. LaborOf the many issues regarding the automotive industry, officials who spoke to CNBC were nearly unanimous regarding labor: They're concerned a Harris win would continue to mean increased power for organized labor.

Persons: Bill Pugliano, Kamala Harris, Donald Trump, Joe Biden, Harris, Jefferies, Philippe Houchois, Biden, Shawn Fain, Drew Angerer, Brian Snyder, —, Elon Musk's, Trump, Pablo Di Si, EVs, Harris hasn't, Peter Rawlinson, Rawlinson, That's, Trump's, USMCA, Mary Barra, hasn't, Fain Organizations: Ford, Ford Dearborn Plant, Getty, DETROIT, Motor, Great, Trump, CNBC, Trump Officials, United Auto Workers, Democratic, International Union of Painters, AFP, Republican, Reuters, Motors, Ford Motor, Chrysler, EV, Lucid, Tesla, California Air Resources, D.C, District of Columbia, Alliance for Automotive Innovation, U.S . Officials, IRA Electric, Volkswagen Group of America, Automotive, Republicans, Environmental Protection Agency, . North, North American Free Trade, Jefferies, Labor, Democratic National Convention, UAW Locations: Dearborn , Michigan, Michigan, Motor City, Great Lakes State, China, Macomb , Michigan, California, Hamtramck , Michigan, U.S, Detroit, Washington , Oregon, New York, Washington, . North American, United States, Mexico, Canada, American

☆ Larry Fink says the Fed won't cut interest rates as much as markets expect this year
▼ + stars: | 2024-10-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

The U.S. Federal Reserve won't cut interest rates as much as markets expect because "embedded inflation" is too high, Blackrock CEO Larry Fink said Tuesday, speaking at a CEO-studded panel in Riyadh, Saudi Arabia. The Biden administration's legislation, such as the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, have pushed those efforts forward. "Today, I think we have governmental policies that are embedded inflationary, and, with that being said, we're not gonna see interest rates as low as people are forecasting," Fink said. The Fed cut its benchmark rate by 50 basis points in September, signaling a turning point in its management of the U.S. economy and in its outlook for inflation. In late-September reports, strategists at J.P. Morgan and Fitch Ratings predicted two additional interest rate cuts by the end of 2024, and expect such reductions to continue into 2025.

Persons: Andrew Ross Sorkin, Larry Fink, Saudi Arabia . Fink, " Fink, onshoring, we're, Fink, Morgan, Goldman Sachs, Carlyle, Morgan Stanley Organizations: BlackRock, New York Times DealBook, Jazz, Lincoln Center, U.S . Federal, Blackrock, Saudi, Future Investment Initiative, Biden, Infrastructure Investment, Jobs, Fed, Fitch, U.S . Bureau of Labor Statistics, Standard Chartered Locations: New York City, Riyadh, Saudi Arabia, China, U.S

Gun violence in Philadelphia has become a national news story, but 22-year-old resident Isaiah Stanton knows about the gun crisis there firsthand. Gun violence remains the leading cause of death for kids and teens in the U.S.Karise and Jerel Crew. But he is also hesitant to declare that gun violence will or can end overnight. Kyle Mazza / Anadolu via Getty Images file“I lost my nephew to gun violence, two years ago now,” he said. The relationship between gun violence and the Black community is troubled, with disproportionate numbers of police shootings and community shootings leaving lasting consequences around the country.

Persons: Isaiah Stanton, Ronald Wimberley, Wimberely, Naomi, ” Stanton, “, ” Ronald Wimberly's, Kimberly Jones, Ronald, Stanton, ”, ” Isaiah Stanton, Jerel, Karise Crew, we’re, ” Karise, Crews, Jeffery Young Jr, Young, Kyle Mazza, ” Young, Ronald ., Kimberly Jones Stanton, he’s Organizations: Citizen, NBC, Karise, Department of Justice, Johns Hopkins Center for Gun, Solutions, Philadelphia, Philadelphia City Council, Trump, Getty, City Council Locations: Philadelphia, U.S, “, Pennsylvania, Philly, Anadolu

☆ Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
▼ + stars: | 2024-10-28 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Volkswagen is considering widespread pay cuts and layoffs as well as the closure or size reduction of its plants in Germany, the company's works council said Monday. The Volkswagen management recently presented plans to the council that include a 10% reduction in pay across the board, as well as wage freezes in 2025 and 2026, according to Daniela Cavallo, head of the works council. All factored in, the body estimates workers will suffer pay cuts of around 18% over the period. Volkswagen also intends to shut three factories and downsize all other plants in Germany, Cavallo said. She warned that sweeping job cuts were part of carmaker's plans, noting that tens of thousands of jobs were at risk.

Persons: Daniela Cavallo, Cavallo Organizations: Volkswagen, VW Locations: Germany

☆ Added sugar: How to cut out or lower your intake
▼ + stars: | 2024-10-28 | by ( Andrea Kane | ) edition.cnn.com time to read: +7 min

Consuming added sugar has become a part of life, woven into almost every meal. Americans 2 years and older consume on average 17 teaspoons of added sugar a day, according to the most recent government data available. Put sugary foods in their rightful placeSave sugary foods for desserts; don’t allow them to creep into every part of your diet. “This means enjoy the sugar that you do eat by baking together and savoring together, making the (added) sugar that you do eat part of celebrating life,” she said. Look for the line that shows you the “added sugar” content in a food to tally up the grams of excess sugar you consume in a day.

Persons: Sanjay Gupta, you’re, Dr, Laura Schmidt, Schmidt, She’s, that’s, ”, it’s, ” Schmidt, savoring Organizations: CNN, American Heart Association, US Department of Agriculture, World Health Organization, School of Medicine, University of California, UC San Francisco, “, National Institutes of Health Locations: San Francisco, —

☆ No other sector has more on the line in this election than energy. How to play it
▼ + stars: | 2024-10-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) have tumbled more than 9% and 10%, respectively. While Trump's platform says he wants to unleash production from all sources, the document specifically calls out oil, gas and nuclear. How voters perceive the two candidates' energy policies could end up playing an influential role in the outcome of the election altogether. While the election will bring short-term volatility, the solar industry remains well positioned for long-term growth, according to Bank of America. About 25% of oil and 10% of natural gas production is on federal land and waters, according to the bank.

Persons: Donald Trump, Kamala Harris, Harris, fracking, Barack Obama, Trump, Steve Fleishman, Roger Read, Read, Biden, Morgan Stanley Organizations: Trump, Republican, Green New, Clean Energy, Bank of America, Keystone State, GOP, Republicans, Democratic, Wolfe Research, Wells, Wells Fargo Securities . Oil, Biden, CNBC, Exxon, Chevron Locations: Wisconsin , Michigan, Pennsylvania, China, Trump, Wells Fargo, U.S, New Mexico, Gulf of Mexico, Alaska, Iran, Tehran

☆ What Harris and Trump are proposing for the economy
▼ + stars: | 2024-10-27 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +21 min

CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.

Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest

☆ 14 earnings reports and major economic data will be the stock market movers this week
▼ + stars: | 2024-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.

Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City

☆ These are the key agriculture stocks to watch heading into the election — and how to play them
▼ + stars: | 2024-10-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +7 min

And for the first time since 2020, more farmers expect farmland values to go down rather than up. James Mintert, director of Purdue University's Center for Commercial Agriculture, expects land values to likely flatten in the short term. Higher estate tax exemptions approved under the Trump administration's Tax Cuts and Jobs Act of 2017 are set to expire next year. She added: "Let's be clear that the Trump administration resulted in a trade deficit, one of the highest we've ever seen in the history of America." "It also benefits from some of the tax policies that have been supported by the Trump administration [in] the past, including things like accelerated depreciation [and] lower corporate tax rates."

Persons: Farmer, —, James Mintert, Mintert, Donald Trump, Kamala Harris, Michael Langemeier, They're, Langemeier, that's, Kristen Owen, Oppenheimer, That's, Owen, Harris, Trump, Stocks, Owen doesn't, reshoring, Cerity, Jim Lebenthal Organizations: Purdue University, CME, Purdue University's Center, Commercial Agriculture, CNBC, NBC, Purdue, Trump, Biden, Republican, Deere, Caterpillar, Farmers, Management, Democratic, Republicans Locations: U.S, Mexico, China, Green

When authorities questioned the chief about the call, he “would only say that he told Defendant McKinney to call 911,” the filing says. McKinney II, 56, and a third defendant, Josh Mullins, 24, were indicted on tampering charges and have pleaded not guilty. A lawyer for McKinney II did not immediately respond to a request for comment. Michael McKinney II, 56, is escorted by a police officer. According to the family’s lawsuit, McKinney II then got on the phone and said no emergency response was necessary.

Persons: Michael McKinney III, —, Michael McKinney II, Amber Spradlin, “, Defendant McKinney, Spradlin, McKinney III, McKinney, Josh Mullins, Randy Woods, Steve Romines, — McKinney, Debbie Hall, Roy Kidd, Kidd, ” Kidd, Spradlin’s, Kidd —, I’m, ” McKinney, Ross Shurtleff, Tim Stelloh, Rachel White Organizations: — Prosecutors, ”, Floyd Circuit, Prestonsburg Police Department, Prestonsburg Police Locations: Ky, Kentucky, Prestonsburg, Floyd County, Alameda , California, Prestonburg

☆ Iceland embraced a shorter work week. Here’s how it turned out
▼ + stars: | 2024-10-25 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Iceland’s economy is outperforming most European peers after the nationwide introduction of a shorter working week with no loss in pay, according to research released Friday. In two large trials between 2015 and 2019, public sector employees in Iceland worked 35-36 hours per week, with no reduction in pay. The trials involved 2,500 people — more than 1% of Iceland’s working population at the time — and were aimed at maintaining or increasing productivity while improving work-life balance. Following the trials, Icelandic trade unions negotiated reductions in working hours for tens of thousands of their members across the country. That is much higher than the country’s average growth rate of almost 2% in the decade between 2006 and 2015.

Persons: Alda Organizations: London CNN, Autonomy Institute, Iceland’s Association for Sustainability, Democracy, Iceland …, International Monetary Locations: Iceland, Europe, United Kingdom, Malta, United States, Ireland

☆ I'm a professional chef. Here are the best ways to prepare and cook different steak cuts.
▼ + stars: | 2024-10-25 | by ( Alissa Fitzgerald | ) www.businessinsider.com time to read: +4 min

I'm a professional chef with experience picking the best cuts of meat for almost any steak dish. The filet mignon pairs well with many flavors, but it's imperative to not overcook this cut of meat. A fat cap, which is a thick outer layer on the meat, also adds flavor to different cuts. Here's how I cook different cuts of meat for the best steak. AdvertisementFlank steak is perfect for marinatingMarinating a flank steak is a perfect way to add more flavor.

Persons: I'm, mignon, —, Filet mignon, mignon —, Ryan Paszek, Cook Organizations: Service, de Locations: York

But they are on the same side on fracking — a key energy and environmental issue in the biggest battleground state in the election. Comfortable majorities of Pennsylvania voters support fracking, according to multiple recent polls. Bair said he gets “very frustrated” when he hears the Trump camp “beating this drum” that Harris wants to end fracking. “She’s not going to ban fracking. You’re not going to be able to make good policy decisions about it.”Gray’s message to those who advocate to ban fracking: “Go without gas.

Persons: — John Stewart, Robert Bair, Donald Trump’s, Kamala Harris, Harris, Bair, —, Katie Blume, Erik McGregor, ”, Trump, ” Stewart, Stewart, Biden, Walz, “ She’s, She’s, “, Donald Trump, Jeff Swensen, Devon Johnson, Johnson, Frank Gray, Blume, ” Blume, fracking, ” Gray, you’ve, you’re, You’re Organizations: Cameron Energy Co, Conservation Voters, NBC News, Biden, Residents, Trump, Shell Chemicals, Keystone XL, Steamfitters Union Local, fracking Locations: HOWE, Pa, Pennsylvania, U.S, Exton, Monaca, Canada, Nebraska, Pittsburgh, fracking

☆ Billionaire investor David Einhorn says buying HP stock is a cheap way into the AI craze
▼ + stars: | 2024-10-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

David Einhorn said computer hardware maker HP could eventually benefit from AI. He said HP stock trading around 10x earnings looks "very reasonable." AdvertisementFamed hedge fund investor David Einhorn is eyeing a tech stock that could be an under-the-radar artificial intelligence play. One of these names is computer hardware firm HP, Einhorn told Bloomberg TV. The stock is trading 10 times earnings, pays a dividend yield of over 3%, and spends 100% of free cash flow paying shareholders, he said.

Persons: David Einhorn, —, Einhorn Organizations: HP, Service, Greenlight, Bloomberg, COVID, Robin Hood Investors Conference

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