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CNN —Rescue efforts were underway after three people were killed and dozens remained trapped after a multi-storey building under construction collapsed in the South African city of George, authorities said. Fifty-one people remained trapped, according to a statement from the municipality of George. CCTV footage obtained by Reuters showed a cloud of dust as the building crumbled on Monday afternoon. “I saw one guy was working and then ‘boom’ and I saw the whole building collapsed… I’m also traumatised. “This is going to be a really lengthy exercise and probably going to go right through the night,” he said.
Persons: George . “, Alan Winde, , I’m, Theresa Jeyi, George Mayor Leon van Wyk, Organizations: CNN, Reuters, SABC Locations: African, George, Cape Town
Look at what's happening in Ukraine. Look at what's happening in the Middle East. Drones have changed modern warfare, public safety, and homeland security forever," Dedrone CEO Aaditya Devarakonda told CNBC on May 6, 2024, the day his startup was acquired by public safety company Axon. Public safety technology company Axon announced Monday that it is acquiring drone defense startup Dedrone. "And you can see what's happening around the world.
Persons: Aaditya Devarakonda, Dedrone, Rick Smith, CNBC's Morgan Brennan, Smith Organizations: Armed Forces, Ukraine, CNBC Locations: Lviv, Ukraine
Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.
Persons: , We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago
CNN —As US supply chains decouple from China, Mexico’s manufacturing sector is emerging as a winner. Ramos said Mexico and China have been competing for the US manufacturing market for years, but amid a shifting US-China relationship, Mexico looks poised to pull ahead. Those exports were driven by manufacturing, which comprises 40% of Mexico’s economy, according to Morgan Stanley. Meanwhile, Chinese exports to the US were down 20% in 2023, compared to 2022. Analysts at Morgan Stanley see the value of Mexico’s exports to the United States growing from $455 billion to about $609 billion in the next five years.
Persons: That’s, nearshoring, Alberto Ramos, Goldman Sachs, Ramos, Morgan Stanley, Katherine Tai, CNN’s Julia Chatterley, Tai, United States Jose Luis Gonzalez, Xeneta, Peter Sand, Jose Enrique Sevilla, John Raines, Goldman’s Ramos, Biden, Raquel Buenrostro, , Joe Biden, Donald Trump, Trump, , Global’s, Raines, Christoffer Enemaerke, , Tesla, Elon Musk, Julio Cesar Aguilar, BYD doesn’t, RBC’s Enemaerke, Michael Nam Organizations: CNN, Manufacturing, Commerce Department, US Trade, General Motors, Ford, Reuters, Shipping, Container Trade, Xeneta, Moody’s Analytics, P Global Market Intelligence, steelworkers, , Global’s Sevilla, Macip, RBC, Getty, BYD, ” Sevilla, Monterrey Locations: China, Mexico, Canada, North America, US, Ciudad Juarez, United States, Pittsburgh, Mexican, Monterrey, , Nuevo Leon, Asia
(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.
Persons: , Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, , Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, , Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, , Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia
Political appointees in the Justice Department’s Office of Legal Counsel have declared that the Constitution implicitly establishes immunity for sitting presidents. But political appointees in the Justice Department’s Office of Legal Counsel, whose interpretations are binding on the executive branch, have declared that the Constitution implicitly establishes such immunity. (That same month, Mr. Nixon had Mr. Cox fired in the so-called Saturday Night Massacre. Amid a political backlash, Mr. Nixon was forced to allow a new special counsel, Leon Jaworski, to resume the investigation.) Mr. Starr later said that he had concluded that he could indict Mr. Clinton.
Persons: Donald J, Robert G, Dixon Jr, Dixon, Richard M, Nixon, Archibald Cox, Nixon’s, Robert H, Bork, Cox, Leon Jaworski, Bill Clinton, Kenneth Starr, Monica Lewinsky, Randolph D, Moss, Department’s, Jaworski, Mr, Ronald Rotunda, Starr, Clinton, , Rotunda, ” Mr, Starr —, Organizations: Justice Department’s, White, Justice Department, Justice Locations: Whitewater,
Donald Trump is asking the Supreme Court to recognize that he had total legal immunity as president. Trump is asking the Supreme Court to grant him a sweeping immunity mandate as he runs to recapture the presidency. "This may indeed be the most important US Supreme Court case in the history of our country," he told journalists at a panel organized by the Defend Democracy Project. The Supreme Court will likely issue a decision in late April. "The Supreme Court need not stray into other questions just because Trump has made it easy for them.
Persons: Donald Trump, Jack Smith's, , Trump, Jack Smith, Richard Nixon, David Frost, Smith, He's, Stormy Daniels, Todd Blanche, David Pecker, Tanya Chutkan, Barack Obama, Dana Verkouteren, doesn't, MANDEL NGAN, Nixon, Gerald Ford's, Ford, Leon Jaworski, indicting Nixon, Robert Ray, Bill Clinton, Monica Lewinsky, Donald Ayer, Ronald Reagan, George H.W, Bush, it's, Justice Department's, Chutkan, BRENDAN SMIALOWSKI, framers, Mark Meadows, Norm Eisen, Obama's Organizations: Service, Justice Department, Capitol, Department, Air Force, Nixon, Trump, Prosecutors, AP, Getty, Independent, Department of Justice, Defend, Justice, White House Locations: Washington , DC, Georgia, Florida, New York, Manhattan, United States, AFP, Fulton County
In a Tuesday interview with CNBC's Jim Cramer, Nucor CEO Leon Topalian gave reassurances that the steelmaker is on the right track despite quarterly earnings that fell short of expectations and weak guidance for the current period. Nucor released its quarterly report Monday evening and by Tuesday's close, shares had declined more than 8%. The company said it expects its steel products segment to have "moderately decreased earnings" in the second quarter compared to the first due to "lower average selling prices, partially offset by increased volumes." Topalian conceded that the second quarter would be "a little bit lower," but insisted that steel products has been "one of our strongest, most resilient, robust performers." And according to him, Nucor is seeing its earnings moderate after the past few years of intense growth following the pandemic.
Persons: CNBC's Jim Cramer, Leon Topalian, Topalian, Nucor, Tuesday's Organizations: Nucor Locations:
The US debt is pushing the country toward a financial crisis, Leon Cooperman said. He criticized the Fed for its abrupt monetary policy shift after keeping rates low for over a decade. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMounting national debt is pushing the US toward a financial crisis, billionaire investor Leon Cooperman said this week. "Deficits matter, and I think we're headed into a financial crisis in this country."
Persons: Leon Cooperman, He's, , Simpson, Barack Obama, Cooperman Organizations: Fed, Service, Omega Family, Commission, Business, CNBC, Federal
Nucor CEO Leon Topalian sits down with Jim Cramer
  + stars: | 2024-04-23 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNucor CEO Leon Topalian sits down with Jim CramerNucor Chair, President and CEO Leon Topalian joins 'Mad Money' host Jim Cramer to talk quarterly results, growth over the past years, what's ahead and more.
Persons: Leon Topalian, Jim Cramer Nucor, Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur products group has made Nucor an incredible amount of money, says CEO Leon TopalianNucor Chair, President and CEO Leon Topalian joins 'Mad Money' host Jim Cramer to talk quarterly results, growth over the past years, what's ahead and more.
Persons: Leon Topalian, Jim Cramer
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNuclear energy is not for everyone but many countries are 'seriously committed,' industry body saysSama Bilbao y León, director general of World Nuclear Association, discusses the nuclear energy industry, its safety record and the countries leading the way.
Organizations: León, World Nuclear Association
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Omega Family Office chairman and CEO Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the state of the economy, ongoing federal deficit problem, the Fed's inflation fight, top stock picks, ongoing protests on college campuses over the Israel-Hamas war, rise of antisemitism, and more.
Persons: Leon Cooperman Leon Cooperman Organizations: Omega Family Locations: Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Leon Cooperman: We're heading into a financial crisis in this countryLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the state of the economy, ongoing federal deficit problem, the Fed's inflation fight, top stock picks, ongoing protests on college campuses over the Israel-Hamas war, rise of antisemitism, and more.
Persons: Leon Cooperman Organizations: Billionaire, Omega Family Locations: Israel
Billionaire investor Leon Cooperman said he is significantly invested in energy stocks, citing the rise in oil prices given the Middle East conflict. The chair and CEO of the Omega Family Office said roughly 15% of his family office assets are in energy, at a time when oil prices have been spiking and weighing on the broader equity market. Cooperman has favored energy stocks in the past. The S & P 500 energy sector advanced more than 47% that year. Energy prices have recently come off their highs after Iran and Israel signaled they are not interested in a wider conflict.
Persons: Leon Cooperman, Cooperman, CNBC's, , Yun Li, Spencer Kimball Organizations: Omega Family Office, West Texas Locations: Iran, Israel
Leon Cooperman, a billionaire Columbia donor, weighed in on the crisis on the university's campus. Unlike the megadonor Robert Kraft, Cooperman said he's not pulling his donations. AdvertisementThe Wall Street titan Leon Cooperman is the latest billionaire to weigh in on student protests over Israel's war in Gaza. But unlike the megadonor Robert Kraft, Cooperman said he'd continue to give to Columbia even as he trashed student demonstrators. Kraft said he'd continue to support the school's Kraft Center for Jewish Student Life, which is named after him.
Persons: Leon Cooperman, Robert Kraft, Cooperman, he's, , he'd, Israel, Turkey —, Nemat, Shafik, Peace —, Goldman Sachs, Kraft, megadonors, Marc Rowan, Lauder, Ronald Lauder, Les Wexner, Claudine Gay, Liz Magill Organizations: Service, CNBC, Columbia University, Columbia, Hamas, Capitol, — Columbia, Apartheid, Columbia Students, Justice, Jewish, Peace, New York City Police Department, Barnard College, Columbia Business School, Hunter College, Kraft, Patriots, school's Kraft Center for Jewish, Cooperman, Yale, New York University, Harvard, University of Pennsylvania Locations: Columbia, Gaza, Cooperman, Bronx, Israel, United States, Cyprus, Jordan, Turkey, Palestine
RTX : Shares were roughly flat after the aerospace and defense company delivered a quarterly earnings beat and reaffirmed its full-year 2024 outlook for sales, adjusted earnings and free cash flow. He goes out on an absolute high," Jim Cramer said, noting the strength in its Pratt & Whitney division. Nucor : The steelmaker's first-quarter earnings and sales came in lighter than expected, and its current-quarter outlook disappointed, as well. Cramer noted Nucor CEO Leon Topalian is set to appear on "Mad Money" later Tuesday, and he'll be seeking clarity around the impact pricing has had on the company. Cadence Design Systems : The semiconductor design software maker's second-quarter guidance came in light, saying customers are delaying orders due to hardware transition.
Persons: Jim Cramer's, Greg Hayes, Jim Cramer, Cramer, Leon Topalian, he'll, I've, Vas Organizations: CNBC, Club, Pratt & Whitney, PepsiCo, Novartis, Cadence Design Systems Locations: U.S, Swiss
Charly Triballeau | AFP | Getty ImagesBillionaire donors like Robert Kraft and Leon Cooperman are weighing their support for Columbia University amid rising campus tensions over pro-Palestinian protests. "Columbia is grateful to Mr. Kraft for his years of generosity and service to Columbia," a Columbia spokesperson said in a statement to CNBC. Cooperman and Kraft so far, represent a minority of wealthy Columbia University donors who are speaking out on the protests. CNBC reached out to half a dozen foundations listed by Columbia University as having given at least $1 million to the school since 2014. Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.
Persons: Bruce A Blakeman, Charly Triballeau, Robert Kraft, Leon Cooperman, Kraft, Nemat, Shafik, Roger Goodell, Austin McAfee, Cooperman, James Gorman, Morgan Stanley, David Greenspan, Leon Cooperman Scott Mlyn, University President Shafik, Caitlin Ochs Organizations: Nassau, Columbia University, AFP, Getty, Columbia, New England Patriots, Georgia World, Center, Kraft Group, Foundation, Combat, Kraft Center for Jewish, The Kraft Group, CNBC, Omega Family, Columbia Business School, Slate, CNBC Columbia Students, Justice, New York Police, NYPD, University President, Students, Columbia University campus, Hamas Locations: New York, Columbia, Gaza, Atlanta, Palestine, Israel, Palestinian, New York City, U.S
A Senate committee is asking Bank of America about payments from Leon Black to Jeffrey Epstein. The Senate is investigating tax avoidance strategies used by the mega-rich, The New York Times reports. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Senate committee investigating $158 million in payments that private equity investor Leon Black made to Jeffrey Epstein has brought Bank of America into the mix.
Persons: Leon Black, Jeffrey Epstein, , Ron Wyden Organizations: Bank of America, New York Times, Black, Service, Senate Finance Committee, Business Locations: Oregon
Iran on April 14 urged Israel not to retaliate militarily to an unprecedented attack overnight, which Tehran presented as a justified response to a deadly strike on its consulate building in Damascus. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)Crude oil futures fell for a second day Tuesday as the U.S. expects a limited response from Israel to an unprecedented air assault by Iran, reducing fears that the Middle East is on the verge of a broader regional war. Four U.S. officials told NBC News they expect an Israeli response to Iran's attack to be limited in scope and most likely to involve strikes on Iranian forces and their proxies outside Iran. Israel's War Cabinet met for several hours Monday to weigh how Israel should response. An Israeli official told NBC News after the meeting that a response may be "imminent."
Persons: ATTA KENARE, Brent, Jorge Leon Organizations: Getty, West Texas Intermediate, U.S, NBC News, Rystad Energy Locations: Persian, Israel, Tehran, Iran, Damascus, AFP
A U.S. Senate committee investigating the tax avoidance work that Jeffrey Epstein, the registered sex offender, did for the private equity mogul Leon Black has questioned Bank of America over Mr. Black’s hefty payments to Mr. Epstein, according to a letter viewed by The New York Times. They included fees paid to Mr. Epstein for advising on a sophisticated trust that saved Mr. Black more than $1 billion in taxes. Mr. Black’s decades-long business dealings and personal relationship with Mr. Epstein have dogged him ever since Mr. Epstein was arrested on federal sex trafficking charges in July 2019. (Mr. Epstein hanged himself in a federal jail a month after his arrest.) Mr. Black, a co-founder of Apollo Global Management, with a net worth of $13 billion, ultimately stepped down from all leadership posts because of the controversy.
Persons: Jeffrey Epstein, Leon Black, Epstein, Ron Wyden, Black, Banks Organizations: U.S, of America, Mr, The New York Times, Senate Finance Committee, Apollo Global Management Locations: Oregon
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley and Bank of America: CFRA's Ken Leon on key takeaways from big bank earningsKen Leon, CFRA director of equity research, joins 'Squawk Box' to discuss his takeaways from Morgan Stanley and Bank of America's earnings.
Persons: Morgan Stanley, CFRA's Ken Leon, Ken Leon Organizations: Bank of America, Bank
Oil prices fell at Asia's open on Monday, as market participants dialed back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited damage. The attack involving more than 300 missiles and drones was the first on Israel from another country in more than three decades. Oil benchmarks had risen on Friday in anticipation of a retaliatory attack by Iran, touching their highest levels since October. But prices still ended the week down about 1% after the International Energy Agency lowered its forecast for oil demand growth this year. A "less certain path to Fed rate cuts" because of persistent U.S. inflation also weighed on prices, Sycamore said.
Persons: Brent, Tony Sycamore, Jorge Leon, Analysts, Sycamore Organizations: West Texas, Israel's, Iran, International Energy Agency, Rystad Energy Locations: Tutong district, Brunei, Israel, Iran, Damascus, Gaza, U.S, Syria, Strait, Hormuz, East, Europe
An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024. Iran launched more than 300 drones and missiles against military targets in Israel on Saturday in an attack that President Joe Biden described as "unprecedented." The air assault was the first time Iran has directly attacked Israeli territory, senior U.S. military officials told reporters in a call Sunday. The attack was launched from locations in Iran, Iraq, Syria and Yemen, the officials said. More than 100 ballistic missiles were fired at Israel as well as land attack cruise missiles and drones, a senior administration official said.
Persons: Israel, Brent, Joe Biden, Biden, Daniel Hagari, John Kilduff, Netanyahu, Jorge Leon, Leon Organizations: The West Texas Intermediate, May, Nevatim Air Force Base, Israel Defense Forces, Again, Rystad Energy, Sunday, U.S, Islamic Locations: Iran, Israel, Ashkelon, U.S, The, Iraq, Syria, Yemen, Damascus
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Together, the New York City-based couple earns about $250,000 annually, with both making six-figure salaries. We're both less than five years into our careers, and while we're considered in the top 10% of earners, it doesn't feel like that at all. Whatever I have left after wedding expenses, I consider my discretionary spending money. My food and travel expenses are typically paid for when I'm working late into the evening, so it saves me a lot of charges.
Persons: , Sheldon, we're, we'll, I've, Leon Dore —, I'm Organizations: Service, Camry, New, Bureau of Labor Statistics, Business, CorePower Locations: New York City, Central Park, South Africa, Singapore, Paris, Japan
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