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Population density and topography obviously have a significant effect on construction costs. “There was also a lack of discussion over the chosen route, which could have followed existing highway corridors.”Rapidly rising construction costs have plagued major projects across the world in recent years. Signs placed on a fence by environmental activists protest against tree-felling operations for the HS2 rail link at Jones Hill Wood in Wendover, England, in April 2021. However, their efforts were in vain and only succeeded in significantly driving up construction costs. ‘Mutilated and pointless’Plans have been dropped for a proposed HS2 railway station at Meadowhall in Sheffield.
Persons: hoardings, Henry Nicholls, it’s, Christian Wolmar, , Ricardo Ferreras, , ” Ferreras, Wolmar, Chris Gorman, Wood, Mark Kerrison, Joe Giddens, Mike Kemp, Rishi Sunak, Anna Gowthorpe Organizations: CNN, Speed, Britain, WHOOSH, Station, London Times, ” Railway, CNN Travel, , Chiltern, New Economics Foundation, London Euston, Birmingham Airport, Crewe, Conservative, Labour, Birmingham, Sunak, Leeds, High Speed Rail, Hitachi, Alstom, Siemens, Euston, Treasury, Audit Office Locations: United States, Bordeaux, France, China, Japan, London, English, Birmingham, Jakarta, Bandung, London's, AFP, Britain, Ukraine, Europe, Spain, Great, England, Jones, Wendover, Buckinghamshire, Colne, Cross , Hertfordshire, Manchester, Leeds, Scotland, Wales, Euston, Crewe, Meadowhall, Sheffield, Midlands, Nottingham, Liverpool
Megan Gorman, author of All The Presidents' Money. MG: Money caused and causes anxiety for everyone. For instance, Ronald Reagan used budgeting as a mechanism to manage emotion when it came to money. As Reagan got older, he found that having a budget and sticking to it allowed him to manage his financial anxiety. Early experiences informed money habitsAN: Who had the most financial struggles before becoming president?
Persons: Thomas Jefferson, George Peter Alexander Healy, Megan Gorman Annie Nova, Megan Gorman, Richard Nixon, Grover Cleveland, Calvin Coolidge, John F, Kennedy, spender, Jefferson, Marc Cartwright, Ronald Reagan, Reagan, Harry Truman, Truman, Herbert Hoover, Hoover Organizations: Hulton, White, Stanford Locations: France
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIger's successor: Disney board chair James Gorman creates system to identify replacementCNBC's Julia Boorstin reports on the latest news from Disney.
Persons: James Gorman, Julia Boorstin Organizations: Disney
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp decline in crude prices and lower refining margins were partially offset by higher gas sales. The energy company reported adjusted earnings of $6 billion for the July-September period, beating analyst expectations of $5.3 billion, according to estimates compiled by LSEG. Shell posted adjusted earnings of $6.3 billion in the second quarter and $6.2 billion in the third quarter of 2023. It marks the 12th consecutive quarter that Shell has announced at least $3 billion in buybacks, Sinead Gorman, chief financial officer at Shell, said in a video presentation.
Persons: Shell, Sinead Gorman, Gorman Organizations: LSEG, Shell Locations: Radstock, Somerset, England, buybacks, London
Disney said Monday it would name a new CEO in early 2026 and named James Gorman as board chairman. Bob Iger's previous succession plan failed, leading to his return as CEO in 2022. BI spoke to three people close to Disney who said their top questions on the succession announcement include: How will the timeframe impact the search? AdvertisementDisney's last Iger succession plan failedGorman, who effectively managed his own succession at Morgan Stanley, was named in August to chair Disney's succession planning committee. In late 2022, Disney dismissed Chapek and brought Iger back as CEO with a two-year contract, then extended through 2026.
Persons: Disney, James Gorman, Bob Iger's, , Morgan Stanley, James Gorman —, shrugged, Gorman, Disney flubbed, Iger, Bob Chapek, Chapek, Will Iger, Gorman didn't, Dana Walden, Alan Bergman, Walden, he's, Josh D'Amaro, Ron DeSantis, Jimmy Pitaro, Pitaro Organizations: Disney, Service, Disney Entertainment, Fox, Florida Gov, ESPN, NFL Locations: Hollywood
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Investors also are grappling with the beginning of a "chaotic" period in earnings season, Jim Cramer said. "I think this is a great opportunity to buy the stock of Disney," Jim said, highlighting improvements to its ESPN and movie business despite theme-park weakness. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Danaher, Jim, Jensen, Huang, buildouts, Morgan Stanley, James Gorman, Bob Iger, Stocks, Jim Cramer's Organizations: CNBC, Treasury, Nvidia, Disney, ESPN, GE Aerospace, RTX Corp, General Motors, Verizon Communications Locations: Mumbai, India
New York CNN —Listen up, corporate boards: If you’re looking for the biggest trend in leadership this fall, look no further. Corporate America’s hottest CEO pick is a classic model — the Middle Aged White Guy. Just 52 businesses in the 2024 Fortune 500 ranking were run by women, holding flat from the year before. Obviously, White Guy CEO never went out of fashion — women have rarely represented more than 10% of Fortune 500 companies. But a rash of recent leadership shakeups illustrates the enduring power of the White Guy as a kind of capsule wardrobe for corporate leadership.
Persons: CNN Business ’, Guy, White Guy, Karen Lynch, David Joyner, Lynch, Laxman Narasimhan, Brian Niccol, Mellody Hobson, UnderArmour, Stephanie Linnartz, Kevin Plank, Disney’s Bob Iger, Disney, Morgan Stanley, James Gorman, that’s Iger, Gorman, Nathaniel Meyersohn Organizations: CNN Business, New York CNN, Corporate, Fortune, CVS, America, Indian, McKinsey Locations: New York, Niccol
Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. He will continue to lead that committee after he takes over as board chairman from Nike Executive Chairman Parker. Yuki Iwamura / Bloomberg via Getty Images fileParker will step down after nine years on the Disney board “to focus on other areas” of his work, according to a Disney statement. The board fired Iger’s handpicked successor, Bob Chapek, in November 2022 after a turbulent tenure that lasted less than three years. He and the board haven’t decided if Iger will extend his board tenure past 2026, said the people familiar.
Persons: James Gorman, Mark Parker, Bob Iger, Gorman, Parker, , James Gorman’s, , ” Iger, “ I’m, ” James Gorman, Yuki Iwamura, Elliott Hill, John Donahoe, Disney, Morgan Stanley, Ted Pick, Iger’s, Bob Chapek, Iger, Jimmy Pitaro, Josh D’Amaro, Dana Walden, Alan Bergman —, Nelson Peltz Organizations: Disney, Nike, Bloomberg, Getty, CNBC, ESPN, Disney Entertainment, Iger
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney will name Iger’s successor in early 2026; James Gorman to become board chair next yearCNBC's Alex Sherman joins 'Squawk Box' with the latest news on Disney.
Persons: James Gorman, Alex Sherman Organizations: Disney
Austin Nasso, a 29-year-old comedian in New York City, regularly posts impressions of both Mr. Trump and President Biden. Eight of the 10 most viewed TikTok videos about the September debate were from mainstream news sources, according to Zelf data. But Ms. Harris and Mr. Trump take decidedly different approaches to their content. @realdonaldtrump Mr. Trump also finds moments for levity, often on his separate campaign account, @TeamTrump, to keep viewers paying attention. @teamtrumpLike Mr. Trump, Ms. Harris and her campaign also have two distinct accounts, one with a more formal feel and a second, @KamalaHQ, where her campaign lets loose.
Persons: Kamala Harris, Donald J, Trump, Chappell Roan, Taylor Swift, she’ll, Harris, Republican Swifties, , Donald Trump, JD Vance, Trump's, Swift, Austin Nasso, Biden, “ I’m, Mr, Nasso, ” Sam Wiles, Vance, hadn’t, Wiles, , Allison Reese, Ms, she’s, Reese, Hamilton ”, David Chalian, TikTok, “ Harris, Phil Harvey, Link Lauren, Robert F, Kennedy Jr, , Spehar, Ross, Jake, Logan Paul, Bryce Hall, Bryson DeChambeau, DeChambeau, “ Bro, Cori Bush, Vivek Ramaswamy, Lindsay Gorman Organizations: New York Times, Republican, Trump, Times, Hamilton Liberals, Broadway, The Daily Mail, CNN, NBC, cnn, Daily Mail, Obama, MSNBC, Fox News, YouTube, Missouri Democrat, German Marshall Fund Locations: New York City, Los Angeles, United States, TikTok, Plenty, San Francisco, , Missouri
Disney said Monday that former Morgan Stanley CEO James Gorman will be its new chairman. It also announced plans to confirm a replacement for CEO Bob Iger in early 2026. Iger returned to Disney as CEO in 2022, two years after stepping down. AdvertisementDisney said Monday that former Morgan Stanley CEO James Gorman will become its new chairman, and announced plans to confirm a replacement for CEO Bob Iger in early 2026. "A critical priority before us is to appoint a new CEO, which we now expect to announce in early 2026," new chairman Gorman said in a statement.
Persons: Disney, Morgan Stanley, James Gorman, Bob Iger, Iger, , Gorman, Bob Iger's, Bob Chapek, Iger's Organizations: Disney, Service
CNN —Disney is about to have its fourth board chair in just over three years, as the company continues to navigate ongoing tumult in the media industry. Chairman Mark Parker will step down at the end of the year, the company announced Monday. Arnold had served on Disney’s board for a decade and a half. Gorman currently serves as the chair of Disney’s succession planning committee, which is responsible for the CEO search. The company said Gorman will prove a valuable leader to help navigate Disney through it all.
Persons: Mark Parker, Morgan Stanley, James Gorman, Parker, , ” Gorman, Peter Parks, Susan Arnold, Arnold, Gorman, Bob Iger, Iger, “ James Gorman, , James Organizations: CNN, Disney, Getty, Iger, ESPN, ABC Locations: AFP
Disney has tapped James Gorman to replace Mark Parker as the company's next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. Gorman joined Disney's board less than a year ago and was named the head of the succession planning committee in August. He will continue to lead that committee after he takes over as board chairman from Nike Executive Chairman Parker. "I'm extremely grateful to Mark Parker for his many years of board service and leadership, which have been so valuable to this company and its shareholders, and to me as CEO." Parker will step down after nine years on the Disney board "to focus on other areas" of his work, according to a Disney statement.
Persons: James Gorman, Mark Parker, Bob Iger, Gorman, Parker, James Gorman's, , Iger, Elliott Hill, John Donahoe Organizations: Disney, Nike
Iger's CEO contract currently runs until Dec. 31, 2026. Gorman joined Disney's board earlier this year and in August was named the lead of Disney's succession planning committee, which is tasked with finding Iger's replacement. In Nelson Peltz's unsuccessful proxy fight earlier this year, the activist investor took issue with how Disney's board previously handled succession. The firm's new CEO, Ted Pick, has "reaped some of the great success of Gorman," Jim added. Morgan Stanley shares soared to all-time highs last week after it reported top and bottom-line beats for its third quarter .
Persons: Bob Iger, James Gorman, Morgan Stanley, Mark Parker, Disney, Gorman, Iger, Bob Chapek, Nelson Peltz's, Jim Cramer, Jim, Ted Pick, Gary Hershorn Organizations: Disney, Nike, Wall, DIS, Club, CNBC, Hulu, ESPN, Magic, Walt Disney World, Corbis, Getty Locations: Orlando , Florida
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. In his Sunday column , Jim Cramer wrote about how big money going into S & P funds impacts the overall market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, James Gorman, Jan, Morgan Stanley, Bob Iger's, Morgan Stanley's, Jim Cramer's, Jim Organizations: CNBC, Treasury, Nvidia, Fellow Club, Disney, Honeywell, United Parcel Service, Corp, Boeing, Jim Cramer's Charitable Locations: Monday's
S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.
Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif
“The polls — public and private — are closer in this election than any I have ever seen,” said Dan Pfeiffer, a former aide to Barack Obama. Republican pollster Frank Luntz summed up the election with a single gif: A coin flip. The Trump era brought a return of uncertainty after most pollsters and prognosticators missed his 2016 victory, and 2024 is the narrowest polling election of all three of his runs. In 2020, the data correctly predicted Joe Biden’s victory, but Trump came much closer than many expected. “This race is remarkable for its closeness but also the insane stability of polls here in the closing weeks,” said Republican pollster Kristen Soltis Anderson.
Persons: James Carville, , , Kamala Harris, Donald Trump, Dan Pfeiffer, Barack Obama, Jeff Horwitt, Bill McInturff, Tim Malloy, ” “ It’s, ” Nate Silver, Republican pollster Frank Luntz, Matt Gorman, “ It’s, Bush, Gore, Gorman, “ There’s, Hope, decamping, Ronald Reagan, Barack Obama’s, John McCain, Trump, prognosticators, Hillary Clinton, Joe Biden’s, Monmouth University pollster Patrick Murray, ” Murray, Obama, underestimating Harris, gaffes, pollster Kristen Soltis Anderson, Harris, Carville Organizations: Democratic, NBC, Republican, Quinnipiac University, Supreme, Trump, Monmouth University, Electoral College Locations: Manhattan, Florida, Erie County, Pennsylvania
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeyCorp CEO on earnings: Tailwinds are just getting started and banks have a lot of momentumChris Gorman, KeyCorp CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, provisions for credit losses, and much more.
Persons: Chris Gorman
Tuesday’s debate between Vice President Kamala Harris and former President Donald Trump is the culmination of 75 days of utter and unprecedented campaign chaos — and the beginning of a 55-day race to Election Day through equally uncharted waters. The best-polling third-party candidate in a generation, Robert F. Kennedy Jr., saw his numbers collapse, and he is out of the race and supporting Trump. The sides even flipped on the debate rules, with the Harris campaign (unsuccessfully) pushing for open microphones during the whole debate after Biden’s team favored turning candidates’ mics off when it is not their turn. Harris’ campaign put a policy page on her website only on Monday. For making it through the past 75 days of chaos, America now gets 55 days of unpredictability with little precedent in modern history.
Persons: Kamala Harris, Donald Trump, , , Jared Leopold, Joe Biden, Sen, JD Vance, Tim Walz, Robert F, Kennedy Jr, Harris, , Craig Snyder, Snyder, Haley, Nikki Haley, Matt Gorman, “ Kamala, Trump, Caitlin Legacki, Legacki, Biden, Walz, Harris ’, Richard Czuba Organizations: Trump, Minnesota Gov, Republican, Democratic, Democrats ’, Biden, Detroit, Michigan Locations: R, Ohio, Philadelphia, Pennsylvania, Covid, Gaza, Lansing, America
Reinhard parted ways with previous ad sales leader Peter Naylor in July, in Netflix's second ads leadership shake-up in two years. To get a sense of how Reinhard is approaching the hire, Business Insider spoke with 11 people who had inside knowledge about the search or who are close to Netflix's ad business. Others with those credentials who some insiders think could be in the mix include Pooja Midha, EVP and GM for Effectv, the ad sales arm of Comcast's cable division. "They view ad sales as having a lack of rigor and discipline," the first person who'd had conversations with Netflix said. Netflix also shook up its ad sales leadership twice, with its first ads leader Jeremi Gorman being replaced after a year, and then with Naylor's recent exit.
Persons: , Amy Reinhard, Reinhard, Peter Naylor, Lisa Valentino, WBD's Ryan Gould, Jim Keller, Pooja Midha, who'd, Naylor, Dimitrios Kambouris, Greg Peters, Peters, hadn't, Jon Whitticom, Whitticom, Netflix's, Jeremi Gorman, they're Organizations: Service, Madison, Business, Netflix, Warner Bros, Disney, Effectv, Hulu, Google, Big Tech, Insiders, Prime, Microsoft, Street Journal, NFL Locations: Madison
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeyCorp CEO on Scotiabank stake: Gives us a lot of strategic latitudeChris Gorman, KeyCorp CEO, joins 'Money Movers' to discuss Scotiabank's stake in Keycorp, how Keycorp was able to get the financing it did, and what Scotiabank is getting out of the deal.
Persons: Chris Gorman, Keycorp Organizations: Scotiabank Locations: Keycorp
Tim Walz, casting Vice President Kamala Harris’ new running mate as an agent of the far left. A top Trump adviser added: “Hamas Harris bent the knee to antisemitic, anti-Israel radicals on the left by leapfrogging Shapiro. “She outsmarted herself,” said Matt Gorman, a longtime Republican operative and veteran of presidential campaigns who is not working for the Trump campaign. “Many, many people said repeatedly that the reason Kamala Harris was going away from the Josh Shapiro selection is because they were worried about antisemitism. “To her credit, Kamala Harris put policy over politics by picking a radical liberal,” Taylor Budowich, the CEO for the Trump-aligned MAGA Inc. super PAC, said.
Persons: Donald Trump, Tim Walz, Kamala Harris ’, Walz, Trump, ” Dave McCormick, Harris, , Josh Shapiro, Joe Biden, Shapiro, Sen, JD Vance, Kamala, leapfrogging Shapiro, outsmarted, Matt Gorman, Zack Roday, ” Roday, ” Vance, Vance, Kamala Harris, , Kamala Harris —, ” Harris —, Doug Emhoff, , ” Harris, he’s, It’s, — Walz, ” Trump, Karoline Leavitt, Joe Manchin, Larry Hogan, Trump’s, ” Taylor Budowich, CNN’s Anderson Cooper, ” Walz, Walz’s, George Floyd, Darren Beattie, Mark Kelly of Arizona, Hillary Clinton, Tim Kaine, “ Walz Organizations: Minnesota, NBC News, Trump, Republican Senate, Democrat, Republicans, Pennsylvania, GOP, Social, Republican, San, West Coast, Golden State, Heartland, Democratic Party, ” Former Maryland Gov, Inc, Arizona, Democratic Locations: Pennsylvania, Ohio, China, Israel, San Francisco, Philadelphia, Minnesota, America, Nebraska, West Virginia, Minneapolis, , Virginia
Read previewDo you know the difference between Miss USA and Miss America? From eligibility requirements and prize packages to swimsuit versus talent competitions, here are all the differences between Miss America and Miss USA. How did the Miss America and Miss USA pageants begin? Unlike Miss USA, Miss America features a talent competition. Both the Miss USA and Miss America pageants have had their share of scandals in recent years.
Persons: , Margaret Gorman, weren't, Jackie Loughery, Yolande Betbeze, Kuusela, It's, Grace Stanke, Camille Schrier, Madison Marsh, Robin Fleming, Marsh, Laylah Rose, Rose, Kate Michael, Jae, Miss America, Sam Haskell, Mallory Hagan, Haskell, Hagan, Isaac Brekken Haskell, Gretchen Carlson, Carlson, Cara Mund, Mund, Crystle Stewart, Stewart, Miss USA Noelia Voigt, Miss Teen USA UmaSofia Srivastava, Jackeline Voigt, Barbara Srivastava, UmaSofia Srivastava, Noelia Voigt, Craig Barritt, Voigt, Srivastava, Miss Colorado Arianna Lemus, Stephanie Skinner, Paula Miles, Kimberly Nicewonder —, Barbara Srivastava's Organizations: Service, Miss USA, Miss America, Business, Miss, Atlantic City, Labor, Miss Washington DC, CBS, Getty Images Miss, Miss Universe, Nine, Miss America's, Miss Teen, AP, University of Alabama, Miss USA Organization, Miss America Organization, Huffington, Associated Press, Fox News, Miss Universe Organization, Miss Teen USA, CW Network Locations: Atlantic, Getty Images Miss USA, Finland, Miss USA, Miss America, New York, Los Angeles
One, in particular, summed up the mood among Biden’s donors, he said. After weeks of turmoil over the future of the Democratic ticket, Kessler said the campaign donors he’s courted as a bundler for Biden’s campaign are turning their full attention to Harris and committing to work on her behalf. On Sunday afternoon, the Biden campaign filed paperwork with federal election regulators, transforming itself into the “Harris for President” committee. Lindelof was among the contributors who had called on fellow Democratic donors to stop writing campaign checks. Morgan had planned a fundraiser for the Biden campaign in Florida, but those plans had been put on hold because of the tumult unleashed by the June 27 debate .
Persons: Alan Kessler, Joe Biden, Kamala Harris, Kessler, he’s, Harris, “ They’re, , Matt Gorman, ” Gorman, Biden, it’s, that’s, Donald Trump’s, “ Harris, It’s, Cedric Richmond, ” Richmond, , Donald Trump, , ” Damon Lindelof, Instagram, Lindelof, , there’s, they’re, Dick Gephardt, John Morgan –, , Morgan, Andy Beshear, Gretchen Whitmer, Josh Shapiro, Will, “ Will, CNN’s MJ Lee Organizations: CNN, Democratic, Sunday, Democratic National Committee, Biden, Trump, , Trump –, Pennsylvania Locations: Philadelphia, Hollywood, Florida, Kentucky, Michigan, California, Mexico
Netflix just shook up its ads leadership again as ad sales VP Peter Naylor exits. Netflix is launching in-house ad tech and partnering with adtech firms like The Trade Desk. AdvertisementNetflix dominates streaming, but its ads business is still a work in progress. Ad sales VP Peter Naylor is moving on, less than a year after he got a new boss in Amy Reinhard. Reinhard said in a statement that she would be hiring a head of US and Canada Ad Sales to replace Naylor's more global role.
Persons: Peter Naylor, Amy Reinhard, , Reinhard, Jeremi Gorman, Gorman, Naylor Organizations: Netflix, Service, Canada, Business
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