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When the white Gen X child turned 27 in 2005, they could expect to make more than $34,000. But Mr. Cain did have a strong community — which he said taught him entrepreneurship and showed him he could dream big. Mr. Cain, 35, got a two-year degree in business management and first worked as a bank teller and financial adviser. At the same time, white millennials born to poor parents had a harder time than their white Gen X counterparts. Unlike Mr. Cain, Mr. Brown did not have a strong sense of community, as he bounced between his mother, his father and his grandparents.
Persons: Lawrence Cain Jr, Cain, , Asa Featherstone, Black, Derek Brown, Brown, He’s, , It’s, ” Mr, Raj Chetty, Stefanie A, DeLuca, David B, Ralph Richard Banks, wasn’t, Benjamin Goldman, Cain’s Organizations: Abundance University, Business, Harvard, The New York Times, General Electric, Richer, Johns Hopkins University, Stanford, People, Black, White, Conservatives, Local, Bank of America Locations: Cincinnati, Northside, America, United States, American, China, India, Charlotte, N.C
"We advise investors to seek out companies with above-market and secure (not stretched) dividend yields," Bank of America's team said. "It has guarded against owning distressed companies that migrate into Quintile 1 (the highest dividend yield group) if prices fall ahead of potential dividend cuts," the team wrote. The stock is only up nearly 2% in 2024, but it has a dividend yield of 3.1%. SO YTD mountain Southern Company in 2024 Specialty glass maker and artificial intelligence play Corning was also in Bank of America's screen. It has a dividend yield of 2.6%.
Persons: Savita Subramanian, Russell, Kalei Akamine, Coterra, Akamine, Shahriar Pourreza, Corning Organizations: Bank of America, Schwab U.S, Federal Reserve, Bank of America's, Energy, Utilities, Southern Co, Bank of, Southern Company Locations: Wyndham Row, U.S, Southern, Bank
GRAND PRAIRIE, Alberta AP —One of two raging wildfires menacing the town of Jasper in the Canadian Rockies’ largest national park roared into town Wednesday and began burning buildings. Jasper National Park officials said the fire entered the southern edge of the community Wednesday evening and crews were battling multiple structural fires and working to protect key infrastructure. Forest firefighters and others without self-contained breathing apparatuses were told to evacuate to the nearby town of Hinton, with structural firefighters staying behind. Searchers looking through the backcountry trails of Jasper National Park already had picked up 245 people, and they continued the search Wednesday in two helicopters, Ellsworth said. Residents and visitors streamed out by the thousands late Monday and Tuesday, and officials said Wednesday the evacuation of the town of Jasper was complete.
Persons: James Eastham, , , Jasper, , Justin Trudeau, Danielle Smith, Katie Ellsworth, Carolyn Campbell, perimeters, Ellsworth, Crews, Marilyn Monroe, wasn’t, Leanne Maeva Joyeuse, “ We’re, ” Joyeuse Organizations: PRAIRIE , Alberta AP, Canadian Rockies, Jasper National, Parks Canada, Pipeline, Jasper National Park, Canadian Press, United Nations, Hollywood, Residents Locations: PRAIRIE , Alberta, Jasper, Hinton, Alberta, Canada, Jasper , Alberta, ” Jasper
Instead, small caps spent the first half of this year doing what they've been doing for the last decade: falling behind. The Russell 2000 Value was up 10%, while the Russell 2000 having gained 11%. A sustainable rally Small caps have underperformed for roughly the last decade, but they've typically done better historically. Meanwhile, Teton Westwood's Galluccio thinks it can last much longer: "I think small caps stand to outperform for the next three years." "The last decade was the first time in many, many years when small caps underperformed, leading the talking heads to say that quality, quality, quality is large-cap growth.
Persons: Jerome Powell, they've, Russell, Nicholas Galluccio, It's, You've, I've, Mike Rode, Rode, Galluccio Organizations: Federal, TW Smallcap Equity, Fama, Investments, Panasonic, LSEG Locations: Fama French, De Soto , Kansas
In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. 2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. The 2019 Corvette ZR1 started at $121,000. 2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package (left) and 2025 Chevrolet ZR1. 2025 Chevrolet Corvette ZR1 GMOther performance models have helped to lift Corvette's average transaction price to roughly $106,000.
Persons: it's, GM Juechter, ZR1, Brad Franz, Franz, Morgan Stanley, Adam Jonas, Juechter, Ray Organizations: , Motors, Chevrolet, Detroit, GM, Wall Street, Chevrolet Corvette, Bowling Locations: Bowling Green , Kentucky
Paris CNN —The 2024 Summer Olympic Games formally get underway on Friday with an incredibly unique Opening Ceremony aimed at putting one of the world’s most famous cities on display. PARIS, FRANCE - JULY 24: A view of Trocadero Square, the venue for the Paris Olympics opening ceremony, with the Eiffel Tower in the background, on July 24, 2024 in Paris, France. The 2024 Summer Games were organized with a mind to put the entire French nation on display, including its more tropical territories. A Games focused on sustainabilityPARIS, FRANCE - MARCH 14: The Paris 2024 logo, representing the Olympic and Paralympic Games four months prior to the start of the Paris 2024 Olympic and Paralympic games is displayed on the facade of Paris town hall on March 14, 2024 in Paris, France. The Opening Ceremony of the Paris 2024 Olympic Games takes place on Friday 26th July, along the River Seine.
Persons: Paris won’t, Pont Alexandre III, Sheng Jiapeng, they’re, It’s, Pascal Le Segretain, , Georgina Grenon, Paris ’, Laurent Michaud, Martin Rickett, , Alexandre III Organizations: Paris CNN, Games, Eiffel, Concorde, Paris, China News Service, Getty, Covid, Paris Olympics, Chateauroux, Olympic, Paralympic Games, Paralympic, CNN Locations: Paris, France, of, Versailles, PARIS, FRANCE, Tokyo, China, Nice, Marseille, Bordeaux, Nantes, Lyon, Tahiti, Seine
The wildfire shut down the main highway to Yosemite National Park as red flag fire warnings and high temperatures continue throughout the state. Wildfires are blazing across western U.S. and Canada, prompting thousands to evacuate, shutting down highways and fouling the air quality over several states. In the U.S., wildfires are raging in Oregon, California and Washington, illuminating skies with bright orange flames and haze. In California, the Apache fire sparked Tuesday evening near Highway 33 and Apache Canyon Road in Ventura County in the Los Padres National Forest. The blaze, estimated to be 250 acres, led the county to order evacuations for residences on Apache Canyon Road, local fire officials said.
Persons: There's Organizations: Yosemite National, Baker City, state's Department of Transportation, NBC, Associated Press, Apache, Los Padres National Forest Locations: Mariposa , California, Yosemite, U.S, Canada, Oregon , California, Washington, Oregon, Ontario, Baker, Malheur, Cow, Huntington, Boise , Idaho, Naches, Bickelton, California, Ventura County
Hub71 plans to announce a new cohort later this year, and it says that applications from sustainability and climate tech startups have doubled since the last intake. “Abu Dhabi is starting to forge ahead as a leading tech cluster for climate in the region,” she said. That Abu Dhabi has thrown its weight and oil wealth behind climate tech is a key attraction for Graphmatech. “To scale up climate tech you need financial support,” Dr Mamoun Taher, its founder and CEO, told CNN. His company has engaged in discussions with key stakeholders in Abu Dhabi, including oil and gas companies.
Persons: Abu, ” Ahmad Ali Alwan, Abu Dhabi, Abu Dhabi’s, Patricia Keating, Karim Sahib, Dr Mamoun Taher, , “ Abu Dhabi, Taher, Organizations: CNN, Mubadala Investment Company, United, Organization of, Petroleum, OPEC, P, PwC, Companies, Sweden’s Uppsala University, Getty, UAE, Emirates Steel, Adnoc, Siemens Energy, Abu, Abu Dhabi National Energy Company Locations: Abu Dhabi, wean, UAE, United Arab Emirates, Dubai, Abu, AFP, “ Abu, United States, Australia, Masdar
However, Ford went 0 for 2 on Wednesday as an old enemy in warranty expenses returned to bite the Blue Oval. And it's an even more unfortunate setback because Ford management said on its April earnings call that the company has made "real progress" on its goal of making better vehicles. The best story at Ford remains Ford Pro , the unit that houses the company's fleet and commercial vehicles. But last quarter management said the business was tracking toward the higher end of the range, and that no longer appears to be the case. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.
Persons: FactSet ., Motors, Ford, Morgan Stanley, Adam Jonas —, JD Power's, It's, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford, LSEG, FactSet, General Motors, Tesla, Ford Model, Revenue, Ford Pro, Super Duty, CNBC, Ford Dearborn Plant, Getty Locations: Ford, management's, Dearborn , Michigan
NextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption. The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020 after 45 years of service. "There would be opportunities and a lot of demand from the market if we were able to do something with Duane Arnold," Ketchum said on NextEra's second-quarter earnings call Wednesday. The Duane Arnold plant was scheduled for retirement in late 2020 after a key customer, Alliant Energy, sought cheaper energy alternatives. Nuclear energy fell out of favor over the past decade as plants struggled to compete with cheaper energy sources such as natural gas and renewables.
Persons: Duane Arnold, John Ketchum, Ketchum Organizations: NextEra Energy, Duane Arnold Energy Center, Alliant Energy, Congressional Research Service Locations: Iowa, Palo , Iowa, Japan, U.S
The Country Where You Can Buy Meat Grown in a Lab
  + stars: | 2024-07-24 | by ( Sui-Lee Wee | ) www.nytimes.com   time to read: +1 min
It was a remarkable moment in the annals of food, perhaps even humanity: A store in Singapore started selling lab-grown meat directly to the general public in May. “I like eating meat, and if I can do it without animal cruelty, it’s ideal,” he said. Others were not so enthused about meat cultivated in a lab. In recent years, Singapore has emerged as a hub for this utopian, or some might say, dystopian, future. It has looked at urban and vertical agriculture, approved insects for human consumption and given generous subsidies to cultivated meat startups.
Persons: Butchery, filets, pico de, Sascha Wenninger, , Philippe Ritoux Locations: Singapore, taco, New York City
Read previewA food policy expert who is trying a different diet each month in 2024 told Business Insider that the vegan and Mediterranean diets are his favorite so far. So far this year, Wren has tried veganism, UK-based weight loss company Slimming World, only eating Huel products, intermittent fasting, paleo, and the Mediterranean diet. The Mediterranean diet has been voted the healthiest diet for seven years in a row by the US World News & Report. AdvertisementThe Mediterranean diet also appeared to be best for his mental health, he said in a TikTok video. Importantly, though, Wren was on holiday in Italy in June when he followed the Mediterranean diet.
Persons: , Gavin Wren, Wren, you've, dietitians, Elena Paravantes, it's, Italy Wren Organizations: Service, Business, US Locations: Italy
CNN —At least five workers have died in an explosion and fire at a tequila factory in Mexico, local authorities said. Two others were injured in the disaster, at a Casa Cuervo distillery in the town of Tequila, Jalisco state. Casa Cuervo is the world’s largest producer of the Mexican spirit, according to its website, encompassing the Jose Cuervo and Tequila 1800 brands, among others. In a statement, Casa Cuervo said it was assisting authorities with their investigation and would reinforce security controls at its facilities. An area is damaged following an explosion at a Jose Cuervo tequila plant, in Tequila, Jalisco state, Mexico on July 23, 2024.
Persons: Casa Cuervo, Jose Cuervo, Alfonso Magallanes Organizations: CNN, Tequila, JAL Civil Protection, US Department of Agriculture Locations: Mexico, Casa Cuervo, Tequila, Jalisco, Mexico’s, United States
(Photo by Costfoto/NurPhoto via Getty Images)Shares of major Chinese electric vehicle companies dropped Wednesday after U.S. giant Tesla 's earnings fell short of analysts' estimates and General Motors delayed its EV plans. EV hype has been dwindling, as automakers from Tesla to General Motors scale back or delay their EV plans. Tesla shares closed 2.04% lower. Separately, General Motors on Tuesday said it was delaying further a second U.S. electric truck plant and the Buick brand's first EV. Investors were spooked by the pullbacks in growth businesses and General Motors' shares closed 6.42% lower on Tuesday despite solid financial results.
Persons: Tesla, Xpeng, Nio, Li Auto, Elon Musk, Musk Organizations: 21st Changchun International Automobile, Getty, U.S, General Motors, EV, Zhejiang Leapmotor, SAIC, Motors, Buick, Investors Locations: Changchun, Jilin province, China, Hong Kong, BYD, Zhejiang, U.S, Xpeng
Read previewDietitian Nichola Ludlam-Raine helps people cut down on ultra-processed foods while still enjoying their lives. AdvertisementIn her new book, "How Not to Eat Ultra-Processed," published in the UK and Germany on July 18, Ludlam-Raine offers a selection of recipes to help people achieve that. It's a deli­cious one-pan option for a weekend brunch, nutritious lunch, or supper when you have the time to cook," Ludlam-Raine said. Add the onion and pepper to the pan and cook for about 10 to 12 minutes, stirring often, until the vegetables start to soften. I have included various suggestions for toppings to help make it family-friendly (not everyone likes chile) and to encourage diversity.
Persons: , Ludlam, Raine, Raine —, Joe Woodhouse, Cook Organizations: Service, Business, Ludlam Locations: Germany, Ludlam, udon
The Ford display at the New York International Auto Show on March 28, 2024. DETROIT — Ford Motor is set to report second-quarter earnings after the markets close Wednesday. Ford's second-quarter results last year included $42.43 billion in revenue; net income of $1.92 billion, or 47 cents per share; and adjusted earnings before interest and taxes, or EBIT, of $3.79 billion. Ford's guidance for the year includes adjusted EBIT of between $10 billion and $12 billion and free cash flow of $6.5 billion to $7.5 billion. Ford's stock is up about 15% this year, as pricing in the automotive industry has remained more resilient than expected.
Organizations: New York, DETROIT, Detroit, Motors, Ford Locations: Canadian
Tesla's stock dropped as much as 13% on Wednesday after reporting weak second-quarter earnings. AdvertisementTesla stock tumbled as much as 13% on Wednesday after the company's second-quarter results offered limited reassurance to eager investors. It marked the fourth straight quarter Tesla has fallen short of analyst forecasts. The taxi's unveiling, seen by many on Wall Street as a major AI-driven catalyst for Tesla, was originally scheduled for next month. "Tesla's muddling through the EV recession," Morgan Stanley analyst Adam Jones wrote, citing a quarter-over-quarter drop in capital expenditures.
Persons: Tesla, , Elon Musk, Morgan Stanley, Adam Jones, Nikola, Dan Levy, Tesla's, Cantor Fitzgerald, Andres Sheppard, Gene Munster, Dan Ives, Sheppard Organizations: Service, EV, General Motors, Buick, Barclays, Deepwater Asset Management, Wedbush Securities, Tesla
GM indefinitely delays Cruise Origin autonomous vehicle
  + stars: | 2024-07-23 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
DETROIT – General Motors is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations. The Detroit automaker said Tuesday its majority-owned robotaxi unit will instead focus on using the next-generation Chevrolet Bolt for development of autonomous vehicles. Cruise has been using now-discontinued Bolts for autonomous vehicle development for several years. It was not immediately clear how many Origin vehicles the facility has produced, however it was previously reported that ex-Cruise CEO Kyle Vogt, a cofounder, told staff that hundreds of Origin vehicles had been produced. Cruise in February 2022 petitioned U.S. regulators seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without the human controls.
Persons: Mary Barra, Cruise's, Cruise, Rowe Price, Kyle Vogt Organizations: DETROIT, Motors, Cruise, Detroit, GM, Honda Motor, Microsoft, Walmart Locations: Detroit, San Francisco, Phoenix , Houston, Dallas, Dubai, U.S
The town of Kazreti, nestled in the picturesque mountains of Georgia near the border with Armenia, once boasted a cinema, a bank, musical fountains, two schools and a kindergarten. Dance ensembles and volleyball teams from across the Soviet Union would come to perform and compete, and central heating and electricity were free. But after the Soviet Union’s collapse in the 1990s, he said, everything also came crashing down in Kazreti. No longer supported by the Soviet command economy, the unprofitable local gold and copper mines and an enrichment plant were shut, putting hundreds of people out of work. Now there is just one school in the town and the cinema and bank have closed.
Persons: , Davit Jakeli Locations: Kazreti, Georgia, Armenia, Soviet Union, Tbilisi, Soviet
United Parcel Service — The package delivery company plunged more than 12%, hitting a new 52-week low, after posting a miss on both top and bottom lines in the second quarter. Pentair beat expectations for the second quarter, posting earnings of $1.22 per share, excluding items, compared to the FactSet consensus estimate of $1.14 per share. NXP Semiconductors posted adjusted earnings of $3.20 per share, which was below the LSEG consensus estimate of $3.21 per share. Inter Parfums — The stock jumped more than 6% after the fragrance manufacturer posted record net sales for the second quarter. The regional bank earned $1.28 per share, above the consensus estimate of $1.10 a share from analysts polled by LSEG.
Persons: LSEG, MSCI, FactSet, Pentair, Danaher, Rainer Blair, Sherwin, Williams, Lockheed Martin, , Alex Harring, Yun Li, Hakyung Kim Organizations: Spotify, United Parcel Service, UPS, Revenue, NXP, Crown Holdings, Inter, Comcast —, LSEG, General Motors, Buick, GE Aerospace, Lockheed, Comcast, CNBC Locations: U.S, Michigan
CNN —The Greek Islands, known for their idyllic towns, rugged landscapes and sun-baked beaches, are in the grip of a serious crisis. “They combine lack of water resources — shallow aquifers, rare rivers or dams — with a tremendous rise in water demand during summer,” he told CNN. Kottakis blamed the crisis on Leros on a failure to maintain the island’s two desalination units, which are both in disrepair. Tourism is “unsustainable and zero-planned,” which is leading to a tremendous rise in water demand, said Mylopoulos, the university professor. Multiple wildfires raged and at least six tourists, including British TV presenter and doctor Michael Moseley and an American tourist, died as high temperatures scorched the Greek islands.
Persons: , Dimitris Lianos, Lianos, what’s, Stelios Misinas, Nikitas Mylopoulos, Kostas Lagouvardos, Panagiotis, Krontiras, ” Kottakis, Timotheos Kottakis, Kottakis, Mylopoulos, Michael Moseley, Vassilis Psomas, ” Krontiras, ” CNN’s Allison Chinchar, Brandon Miller, Sara Tonks Organizations: CNN, Reuters, University of Thessaly, National Observatory of, Farmers, Greek Navy Locations: Crete, Kefalonia, Naxos, Prokopios, Greece, Cycaldes, , National Observatory of Athens, Panagiotis Krontiras, Tinos, , Lagouvardos, British, American, Sofiko, Corinth, Greece's Peloponnese
GM slows its EV plans again even as sales grow
  + stars: | 2024-07-23 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
Barra's comments come a week after she raised concerns about GM hitting its North American EV production capacity target. The entire Buick brand has targeted being fully electric by 2030, as part of GM's plans to exclusively offer consumer EVs by 2035. GM previously announced plans for four of the multibillion-dollar plants in the U.S. by 2026. Barra on Tuesday said the company would grow cell production in a "meaningful cadence." GM CFO Paul Jacobson declined to discuss potential plans to delay or cancel the automaker's future EV battery cell plants, aside from the two facilities making cells in Ohio and Tennessee.
Persons: Motors, Mary Barra, Barra, Paul Jacobson, " Jacobson, EVs, Jacobson Organizations: DETROIT –, Buick, GM, American, Detroit, LG Energy, EV Locations: Detroit, DETROIT, U.S, Michigan, North America, Ohio, Tennessee
It began in Tokyo when Simone Biles said she couldn’t go on and no one told her she’d better go anyway. We were all beaten down and battered,” Strug’s teammate Dominique Dawes says in “Simone Biles Rising,” a Netflix documentary. Simone Biles talks with coach Cécile Canqueteau-Landi after the vault that led her to withdraw from the team all-around at the Tokyo Olympics. Are they really letting Simone Biles try out for the Olympics? GO DEEPER Team USA's Olympics gymnastics leotards revealed: A look at the eight designs for Paris(Top illustration: Dan Goldfarb / The Athletic; photo of Simone Biles: Jamie Squire / Getty Images)
Persons: couldn’t, Kerri Strug, Béla Károlyi, , Larry Nassar, Simone Biles, Strug, Jack Youngblood’s, Kirk Gibson’s, Willis Reed’s, Michael Jordan’s, Demi Moore, Bruce Willis, Bill Clinton, , Doug Pensinger, Karolyi, Dominique Dawes, “ Simone Biles, Biles, Cécile Canqueteau, Landi, Robert Deutsch, “ It’s, I’ve, ” Simone, don’t, ” Simone Biles, Elsa, Getty, audibly —, “ They’ll, leotards, Dan Goldfarb, Jamie Squire Organizations: Paris Games, United, Olympic, Gymnastics, Paris, Planet Hollywood, Sports Illustrated, USA, Netflix, Team, U.S, Tokyo, Russian Olympic Locations: Atlanta, United States, Tokyo, U.S, American, Strug, Russia, USA, Paris
Boeing resumes deliveries of 737 Max airplanes to China
  + stars: | 2024-07-23 | by ( ) www.cnbc.com   time to read: +1 min
Boeing 737 MAX aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024. Boeing said on Tuesday it has resumed deliveries of its best-selling 737 Max airplane to China after a lengthy delay stemming from regulatory issues. Reuters had reported in June that 737 Max deliveries were set to resume as early as July. China suspended most orders and deliveries of Boeing planes in 2019 after the 737 Max was grounded worldwide. In a year-end 2023 filing, Boeing said it had about 140 737 Max 8 aircraft in inventory, including 85 aircraft for customers in China.
Persons: Max Organizations: Boeing, MAX, Reuters, widebodies, Max Locations: Renton , Washington , U.S, China, Washington, Beijing, Air China
Almudena Romero prints images onto living plants
  + stars: | 2024-07-22 | by ( Victoria Barauna | ) edition.cnn.com   time to read: +10 min
London CNN —Spanish artist Almudena Romero is known for creating artworks that use plants as her medium. Almudena Romero “The Pigment Change” series has a chapter called “Family Album,” in which Romero projects a negative onto live watercress, using the plants’ natural photosynthesis to create areas of light and dark. Almudena Romero This artwork, which was exhibited this year on International Women’s Day, is a tribute to a childhood friend. Almudena Romero Romero questions the long-term future of conventional photographic film, when the materials needed to produce it are limited. But for Romero, plants are much more than something to look after: they’re beings we can learn from.
Persons: Almudena Romero, Romero, , Almudena Romero Romero, “ Leticia, ” Romero, ” Almudena Romero, , ” Almudena Romero Romero, Albert Khan, Almudena, Heather Ackroyd, Dan Harvey, Binh, Plants Romero, Millennials, it’s, It’s, Nicolas Langlade, I’m Organizations: London CNN, Saatchi, Albert, Albert Khan Museum, Plants, , BMW, France’s National Research Institute for Agriculture, Food, Saatchi Gallery Locations: Spanish, Spain, Valencia, ” Almudena Romero Spanish, London, Paris, British, Madrid, France
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