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The consumer continues to look healthy and the supply chain has regained stability as the holiday shopping season begins. "Across the board, we are seeing volumes very similar to what we've seen in past years, especially last year," said Kelleher. Amazon recently announced its plan to hire 250,000 additional workers for the holiday season, the same seasonal hiring level as last year. "This will achieve some cost efficiencies in getting that volume out because of inflation and cost," he said. "So typically, Cyber Monday is a heavy volume day," Kelleher said.
Persons: Patrick Kelleher, we've, Kelleher, " Kelleher Organizations: DHL Supply, North, CNBC, Freight, National Retail Federation Locations: North America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetailers plan to deliver your holiday deals a little slower this yearRetailers are planning to level out deliveries of deals around big holiday dates like Black Friday and Cyber Monday to improve profitability, but DHL North America CEO Patrick Kelleher says most consumers won't even notice.
Persons: Patrick Kelleher Organizations: DHL North America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S.-Mexico trade boom is big opportunity, says DHL Supply Chain CEODHL Supply Chain CEO Patrick Kelleher tells CNBC's Lori Ann Larocco that cross-border trade, especially between the U.S. and Mexico, is a big growth opportunity for the logistics company
Persons: Patrick Kelleher, Lori Ann Larocco Organizations: U.S, DHL, Chain, Supply Locations: Mexico
New York CNN —A year ago, Caroline Ellison was preparing to testify against her former boss and ex-boyfriend in one of the biggest fraud trials in US history. Ellison, who ran Alameda, pleaded guilty to seven federal counts of fraud and conspiracy shortly after FTX’s collapse. A jury last year convicted former crypto billionaire Sam Bankman-Fried on multiple counts of federal fraud and conspiracy. Over three days on the stand, Ellison, who is 29, repeatedly reinforced that throughout her years at Alameda, the buck stopped with Bankman-Fried. While sentencing is entirely up to Judge Kaplan’s discretion, legal experts say it’s highly unlikely Ellison will end up in prison.
Persons: CNN Business ’, Caroline Ellison, she’ll, FTX, Ellison, Sam Bankman, Lewis Kaplan, Ellison’s candor, Angela Weiss, “ Sam, , Dennis Kelleher, , Kaplan’s, Jordan Estes, Kramer Levin, Josh Naftalis, Kaplan, Pallas, Ryan Salame, Nishad Singh, Gary Wang Organizations: CNN Business, New York CNN, Alameda Research, Getty, Better, of, New, Bankman Locations: New York, Alameda, Bankman, of New York
In today’s edition, we break down how panels of undecided voters in Arizona and Pennsylvania responded to the debate. A handful of Arizona voters previously turned off by both Vice President Kamala Harris and former President Donald expressed interest in the Democratic nominee in an NBC News panel after the debate. Read more →Harris avoids some big questions, but Trump’s lack of control costs himBy Chuck ToddIn many ways, Tuesday’s debate was quite familiar. Just like our politics for the last nine years, the entire debate revolved around one person: Donald Trump. Read more →That’s all from the Politics Desk for now.
Persons: Chuck Todd, Donald Trump, Harris, Emma Barnett, Alex Tabet, Kate Snow, Jacob Soboroff, Kamala Harris, Donald, Lynne Kelleher, Kamala, , , I’m, ” Hannah Reed, Trump, Joe Biden, Reed, Denise Lewis, she’s, isn’t, here’s Trump, who’s, Lewis, Read, → Harris, Don’t, Joe Biden’s, Biden, Chuck →, ove Organizations: NBC, White House, Capitol, Democratic, Trump, Libertarian, Biden Locations: Arizona, Pennsylvania, Philadelphia, Bucks, Scottsdale, Harris
All three undecided voters assembled for a similar exercise in the Philadelphia suburbs remained on the fence, with Harris getting a look from two and former President Donald Trump from one. Undecided voters only account for a few percentage points of the electorate right now, according to public polls, with a closely divided country getting behind Trump and Harris. “Finally, we have someone who’s a woman who gets that it’s about us.”But Lewis said Harris didn’t fully seal the deal with her last night. Herr also saw a contrast between how Trump and Harris conducted themselves on the debate stage. After the debate, Navarro said he’s still leaning toward Trump, but Harris has given him more to think about.
Persons: Kamala Harris, Harris, Donald Trump, , ” Lynne Kelleher, Kamala, , Donald, I’m, Kelleher, Trump, Hannah Reed, Joe Biden, Reed, ” Reed, Andrew Wallace, Biden, Wallace, Denise Lewis, she’s, Lewis, we’ve, We’ve, ” Lewis, Harris didn’t, here’s Trump, who’s, Jeff Herr, “ McCain, “ McCain Republican ” didn’t, he’s, ” Herr, Herr, GOP Sen, John McCain, McCain’s, “ That’s Trump, “ Harris, Romeo Navarro, Navarro, there’s, didn’t, ” Navarro, Emma Barnett, Kate Snow, Alex Tabet, Jacob Soboroff Organizations: NBC, ABC, Trump, Democratic, Biden, “ McCain Republican, Capitol, GOP, Phoenix Locations: Pa, , Arizona, Philadelphia, Bucks County, Phoenix, Scottsdale, Tucson, Churchville
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Southwest Airlines said Tuesday that executive chairman and former CEO Gary Kelly will retire next year and announced a board shakeup, moves that come as the carrier faces pressure for changes by activist investor Elliott Investment Management. Elliott in June revealed a nearly $2 billion stake in Southwest, seeking to oust leadership, including CEO Bob Jordan, who has also spent nearly four decades at the carrier. Southwest has also brought in outside experts, including Bob Fornaro, former CEO of Spirit Airlines and AirTran, which Southwest acquired. Southwest has an investor day scheduled for Sept. 26 in Dallas to expand on these and other initiatives.
Persons: Gary Kelly, Kelly, Herb Kelleher, Elliott, Bob Jordan, Bob Fornaro Organizations: Southwest Airlines, Elliott Investment Management, Southwest, Dallas, Texas, Spirit Airlines, Boeing, U.S Locations: Hollywood, Burbank , California, Southwest, Dallas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises after Fed Chair Powell lays groundwork for interest rate cuts: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Dennis Kelleher of Better Markets discusses his op-ed encouraging Kamala Harris to reject pressure from the crypto industry. Plus, Wyoming Gov. Mark Gordon discusses the state's stablecoin project.
Persons: Powell, explainers, Dennis Kelleher, Kamala Harris, Mark Gordon Organizations: CNBC Crypto, CNBC, Better Markets, Wyoming Gov
Open seating helped Southwest load and unload passengers, which Southwest CEO Bob Jordan said meant more on-time departures and cost savings on Thursday’s earnings call. Even as other airlines switched to assigned seats in recent decades, Southwest kept its boarding process the same. ‘Sad day’Some loyal Southwest customers vented their frustration about the policy change on social media. She worries she will have to pay extra for her traditional A-group seats as Southwest moves to assigned seats. But activist pressure did not factor into the company’s move to assigned seats, Southwest CEO Jordan said on the earnings call.
Persons: Herb Kelleher, , you’ve, William Thomas Cain, Bob Jordan, Gary Kelly, ” “, , Sandy Wolfe, , Wolfe, Jordan, William McGee Organizations: New, New York CNN, Southwest Airlines, Southwest, , CNN, Elliot Investment Management, United, Delta, American Economic Liberties Locations: New York, Dallas, Houston, San Antonio, Southwest, here’s, , American, United States
Ethan Miller/TAS23/Getty Images Swift performs "Lover" with her band, backup singers and dancers in Nashville, Tennessee, in May 2023. John Shearer/TAS23/Getty Images Swift performs in Glendale, Arizona, during the opening weekend of "The Eras Tour" in March 2023. John Shearer/TAS23/Getty Images Swift sings "I Can Do It With a Broken Heart" in Paris in May 2024. Allen J. Schaben/Los Angeles Times/Getty Images Swift performs the 10-minute version of "All Too Well" in Nashville in May 2023. John Shearer/TAS23/Getty Images Swift leaves the stage after the "Speak Now" set in Nashville in May 2023.
Persons: He’s, it’s Taylor Swift, Swift, , Taylor —, “ Tyler ”, Tyler, Taylor, Swift's Versace, Peter Kelleher, that’s, “ Taylor Swift, Bahama, ” Kate Bailey, Versace, Queen, Mariah Carey, Lady Gaga, Jo Calderone, Zayn Malik, Troye Sivan, Taylor Swift, Kevin Mazur, Natasha, Ethan Miller, John Shearer, Kevin Winter, Benjamin B, Braun, Jutharat, Phoebe Bridgers, Bridgers, Raymond James, Zack Wittman, Hector Vivas, Gareth Cattermole, Don Arnold, TAS24, Rachel Wisniewski, Terence Rushin, Travis Kelce, Haim, Jeff Kravitz, Erin Clark, Sarah Yenesel, Sabrina Carpenter, William West, Christopher Polk, Bob Levey, TAS23, Allen J, ” Swift, Biden Organizations: CNN, MTV, Victoria, Albert Museum, Little, Swift City, Pittsburgh, MetLife Stadium, New York Times, Department, Lincoln Financial, Washington Post, Ticketmaster, Boston Globe, Getty, Penske Media, Los Angeles Times Locations: London, East Rutherford , New Jersey, Chicago, Las Vegas, Nashville , Tennessee, Glendale , Arizona, Glendale, Swift, Los Angeles, Pittsburgh, East Rutherford, Paris, Nashville, Tampa , Florida, Mexico City, Edinburgh, Scotland, Sydney, Philadelphia, Atlanta, Santa Clara , California, Foxborough , Massachusetts, Kansas City , Missouri, Coney, Melbourne, AFP, Lyon, France, Houston, Inglewood , California, Cincinnati
New York CNN —In lower Manhattan, a jury is now weighing a case against a little-known investor who made it big, lost everything, and briefly brought Wall Street to its knees. His positions were so large that when the stocks started falling, it had a seismic effect on the market. And on Tuesday, after a two-month trial in New York federal court, the case was handed over to a jury that will decide their fate. Before Archegos, market watchers knew unregulated family offices were a problem, and they knew that swaps going unreported was a problem. “Fifteen years after the global financial crash, we still have gross under-regulation of non-banks, and we have Wall Street megabanks engaged in high-risk activities that aren’t properly regulated,” Kelleher told me.
Persons: CNN Business ’, Bill Hwang, Wall, Bill Hwang’s, Hwang, Patrick Halligan, Halligan, Josh Naftalis, , Naftalis, Goldman Sachs, Morgan Stanley, Dennis Kelleher, Wang, there’s, megabanks, ” Kelleher, Organizations: CNN Business, New York CNN, Warner Bros, Prosecutors, Bloomberg, Southern, of, Pallas Partners Locations: New York, Manhattan, of New York
“The Trolley Song,” a second-act standout from the 1944 movie musical “Meet Me in St. Louis,” was sung by Judy Garland in striking Technicolor. And yet it has found new life online nearly 80 years later as an unlikely anthem for LGBTQ Pride. “Happy pride month (sic) to Judy Garland in the trolley song. Kelleher likened it to Cher’s 1998 autotune fantasia “Believe” but “somehow even more gay.”Like Cher’s hit, “The Trolley Song” is dripping in artifice. “The Trolley Song” has been adopted by LGBTQ people since Garland first started singing it in concert.
Persons: , Louis, Judy Garland, Sabrina Carpenter’s, Oz, Dave Karger, Patrick Kelleher, Garland, ” Kelleher, , huff, Esther Smith, , clang ’, , zing ’, Paige Turner, … ” Turner, ” Paige Turner, Turner, Kelleher, Louis ”, Manuel Betancourt, “ Judy, Rufus Wainwright, , Judy, Rufus, Wainwright, ” Wainwright, Garland’s, ” Karger, Dee Michel, Dorothy, ’ ”, Michel, ” Michel, Jim Bailey, Princess Diana, King Charles, Liza Minnelli, It’s, ” Turner, “ Gay Organizations: CNN, LGBTQ, Turner, TCM, Warner Bros ., Pride, Broadway, Carnegie Hall, Capitol Studios, Gay Boys Locations: St, Ireland, Missouri, New York, London, Los Angeles
Zero-down mortgages are making a comeback
  + stars: | 2024-05-30 | by ( Matt Egan | ) edition.cnn.com   time to read: +8 min
That massive roadblock is being removed by a new zero-percent down mortgage program launched two weeks ago by one of the nation’s largest mortgage lenders. ‘Demand has been huge’These mortgages are only open to first-time homebuyers and those making no more than 80% of the area’s median income. That’s because in order to refinance at a lower rate, the homeowner would need to fully pay off that second mortgage. For instance, Bank of America launched a zero-down payment mortgage program in 2022 for first-time homebuyers in certain Black and Hispanic neighborhoods. “These mortgages are going to be ticking time bombs – just like subprime mortgages –unless home prices continue to increase very substantially,” Kelleher said.
Persons: Mat Ishbia, homebuyers, Christian Petersen, refinances, UWM, ” Alex Elezaj, they’d, , Patricia McCoy, McCoy, won’t, Bankrate, , Anneliese Lederer, ” Lederer, ” Dennis Kelleher, ” Kelleher, Jonathan Adams, ” UWM, Elezaj, , ” Elezaj, ” It’s, “ We’re, Greg McBride, Adams, ” Adams Organizations: CNN, United Wholesale Mortgage, Phoenix Suns NBA, Phoenix Suns, NBA, Oklahoma City, Footprint Center, Boston College Law School, Consumer Financial Protection Bureau, Federal Reserve, Bank of America, US Department of Agriculture, US Department of Veterans Affairs, Center for Responsible, Better, Saint Joseph’s University, Bankrate, , Wall Street Locations: Phoenix , Arizona
New York CNN —Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation, is facing a barrage of calls from lawmakers to resign after a scathing 234-page report released Tuesday detailed pervasive sexual harassment, discrimination and bullying at the agency. If he heeds the calls, there could be significant ramifications for banks across the country. “We do recognize that, as a number of FDIC employees put it in talking about Chairman Gruenberg, culture ‘starts at the top,’” the report said. Gruenberg’s temperament “may hinder his ability to establish trust and confidence in leading meaningful culture change,” the report added. Aside from Democratic Rep. Bill Foster, Democrats have stopped short of calling on Gruenberg to resign.
Persons: New York CNN — Martin Gruenberg, Cleary Gottlieb Steen, Gruenberg, , , , ” That’s, CNN Gruenberg “, Joe Biden, Bill Foster, That’s, Travis Hill, Rulemaking, ” Dennis Kelleher, Hill, Cowen, Sen, Elizabeth Warren aren’t, Karine Jean, Pierre didn’t, Biden, Kelleher Organizations: New, New York CNN, Federal Deposit Insurance Corporation, Hamilton, FDIC, CNN, Democrat, Democratic Rep, Republican, Senate, Democratic, Better, Federal Reserve, White Locations: New York, Basel
New York CNN —In the spring of 2021, you might have heard about a small investment firm with an odd name, Archegos, that imploded practically overnight and left big Wall Street banks sweating over billions of dollars in losses. Put simply, prosecutors say Hwang had used financial instruments called “total return swaps” to gain exposure to the stocks without actually owning them. Over the course of a year, prosecutors say, Hwang grew his $1.5 billion portfolio into a $35 billion portfolio. Why the case mattersWhite-collar crime on Wall Street may seem like a distant problem for most Americans, and that may be true. And sometimes, as in the financial crisis of 2008, it was a bit of Wall Street tinkering in derivatives contracts that blew up in banks’ faces and collapsed the housing market.
Persons: CNN Business ’, Bill Hwang, Hwang, Matt Egan, Banks, Archegos, ” Hwang, Hwang didn’t, , isn’t, Dennis Kelleher Organizations: CNN Business, New York CNN, Archegos, Management, Viacom, Discovery, Warner Bros, CNN, Term Capital Management, Credit Suisse, Employees, Bloomberg, Tiger Asia Management Locations: New York, Korean, York City,
Americans are falling behind on their payments
  + stars: | 2024-04-25 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
Americans are already struggling to keep up with their credit card payments. Strong consumer spending has buoyed the US economy through the Fed’s aggressive hiking cycle that has brought interest rates to a 23-year high. Economists say that Fed officials look closely at Americans’ ability to make their payments. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. “This is particularly troubling given that ‘naked’ short selling often entails sophisticated market participants profiting at the expense of retail investors,” the Trump Media CEO wrote.
Persons: New York CNN —, Austan Goolsbee, ’ ”, , Ramon Laguarta, Matt Egan, Devin Nunes, ” Nunes, Nunes, Read, Hanna Ziady, Colm Kelleher, Organizations: CNN Business, Bell, New York CNN, Chicago Federal, Society for, New York Fed, ISI, PepsiCo, Commerce Department, Atlanta Fed, Social, Trump Media, Trump Media & Technology Group, Truth Social, Financial Services, Republican, Traders, UBS, Credit Suisse Locations: New York, California, Switzerland, Swiss
UBS chair says Swiss banking giant is not 'too big to fail'
  + stars: | 2024-04-24 | by ( Jenni Reid | ) www.cnbc.com   time to read: 1 min
UBS Group Chairman Colm Kelleher on Wednesday said that the Swiss bank is "not too big to fail," as he criticized Swiss government proposals to strengthen its capital requirements. Kelleher was delivering a speech during the UBS Annual General Meeting — the first such gathering held since the bank completed the takeover of its former rival Credit Suisse last summer. "UBS is not too big to fail. UBS is one of the best capitalized banks in Europe, with a sustainable business model and a corresponding low-risk balance sheet," Kelleher said. This is a breaking news story and will be updated shortly.
Persons: Colm Kelleher, Kelleher Organizations: UBS, Credit Suisse Locations: Swiss, Europe
Now, the giant Swiss lender is hitting back, saying its finances are robust and warning that the proposal could harm Switzerland’s standing as a global financial center. “There can be no regulatory solution for a broken business model,” he continued, referring to Credit Suisse. UBS bought its stricken rival last March in a government-orchestrated rescue aimed at preventing a global financial crisis. It was not too-low capital requirements that forced Credit Suisse into the historic weekend rescue,” he added. But that leaves the stock more vulnerable to declines as a result of “execution risk in the Credit Suisse integration,” suggested Citi analyst Andrew Coombs.
Persons: London CNN —, Colm Kelleher, , , Kelleher, Pascal Mora, Karin Keller, Keller Sutter, Anke, Andrew Coombs, ” Kelleher, Sergio Ermotti’s, Ermotti Organizations: London CNN, Credit Suisse, UBS, Bloomberg, Getty, RBC Capital Markets, Citi, Reuters Locations: Swiss, Switzerland, Europe
CNN —Liverpool and its manager Jürgen Klopp were left stunned after losing 3-0 at home in the first leg of its Europa League quarterfinal against Italian side Atalanta on Thursday. Atalanta, currently sixth in Serie A, could have scored more at Anfield had it not been for Liverpool goalkeeper Caoimhin Kelleher. But Atalanta broke the deadlock in the 38th minute when Gianluca Scamacca’s effort found a way past Kelleher. The goal sparked panic at Anfield as Liverpool went searching for a goal to help reduce the deficit. Fans had earmarked the Europa League final in Dublin, Ireland, as Klopp’s potential last game in charge, but those plans now seem in jeopardy.
Persons: Jürgen Klopp, Caoimhin Kelleher, ” Klopp, , Atalanta, Kelleher, Mario Pašalić, Darwin Núñez, Harvey Elliot, Gianluca Scamacca’s, Teun Koopmeiners, Visionhaus, Klopp, Mohamed Salah, Juan Musso, Scamacca, Salah, Pašalić, Europe –, Liverpool’s, it’s, Organizations: CNN, Liverpool, Europa League, Italian, Atalanta, Serie, Anfield, English Premier League –, Arsenal, Reds, Barcelona, Champions League, Premier League, Crystal Locations: Liverpool, Anfield, Italy, Europe, Klopp, Dublin, Ireland
Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return at the helm of the Swiss banking giant, following its takeover of stricken rival Credit Suisse. Hamers earned 12.6 million Swiss francs in 2022 during his last full year as CEO, according to UBS' annual report published on Thursday. In total, the bank's executive board picked up a 140.3 million Swiss franc pay package in 2023, a significant increase from the previous year's 106.9 million francs. UBS shares have gained more than 52% since Ermotti took the reins on April 5, 2023.
Persons: Sergio Ermotti, Colm Kelleher, Ermotti, Ralph Hamers, Hamers Organizations: UBS, Credit Suisse Locations: Zurich, Swiss
CNN —Liverpool’s chances of a historic quadruple in Jürgen Klopp’s final season at the club are over after falling to a 4-3 extra time defeat against bitter rival Manchester United in a frenetic FA Cup quarterfinal. Goals from Scott McTominay, Antony, Marcus Rashford and Amad Diallo gave United the win in a topsy-turvy FA Cup classic at Old Trafford in Manchester. “The first 35 minutes I think was the best minutes from our season,” United manager Erik ten Hag told the ITV broadcast after the game. In a game as hectic as this though, no lead was ever truly safe, as United proved in the second half of extra time. United fans were treated to a win in a chaotic cup tie.
Persons: CNN —, Scott McTominay, Antony, Marcus Rashford, Amad Diallo, Harvey Elliott, , Erik ten Hag, ” United's Alejandro Garnacho, Paul Ellis, ” Klopp, Caoimhin Kelleher – deputizing, Alisson –, Dominik Szoboszlai, United ‘, Andre Onana, Alejandro Garnacho’s, Kelleher, Klopp’s, Wataru Endo, Mohamed Salah, Alexis Mac Allister, Darwin Núñez, Onana, Mac Allister, Stu Forster, Núñez, Salah, Michael Regan, Christian Eriksen, Rashford, slotting, Diallo Organizations: CNN, Manchester United, United, turvy, Old, Carabao, Chelsea, , ITV, Liverpool, Getty, raptures, Red Devils, English, Coventry City, Premier League, Manchester City, Newcastle United, Leicester City Locations: Klopp’s, Old Trafford, Manchester . Liverpool, AFP, Núñez, United, Chelsea
CNN —Liverpool celebrated the beginning of the end of manager Jürgen Klopp’s time at the club in the best possible fashion, winning the Carabao Cup on Sunday after defeating Chelsea 1-0 in the dying moments of extra-time following a tense final at Wembley Stadium. And that tension ratcheted up as the missed chances for both teams piled up, including a disallowed goal disallowed apiece, culminating in Liverpool goalkeeper Caoimhin Kelleher making several spectacular, scrambled saves as the clock ticked into the red to force extra-time. “All the young boys on the pitch on extra-time. It’s incredible, I’m so proud of the team,” he told broadcaster Sky Sports. This is a developing story and will be updated.
Persons: Jürgen, Caoimhin Kelleher, Virgil van Dijk, Van Dijk, Organizations: CNN, Liverpool, Chelsea, Wembley, Reds, Sky Sports Locations: Liverpool
WASHINGTON (AP) — From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers. Why, with inflation nearly conquered and interest rates at a 22-year high, isn't now the time to cut? High rates could also compound the struggles of banks that are saddled with bad commercial real estate loans, which would be harder to refinance at higher rates. “We need the government to address the interest rates ... and understand that they’ve accomplished their goal of lowering inflation," Kelleher said. If so, that might not just delay the Fed's rate cuts, but result in fewer of them.
Persons: isn't, , Steven Blitz, “ They’re, ” Loretta Mester, Mester, , David Kelleher's Chrysler, Kelleher, ” Kelleher, Powell, ” Powell, we’re, Andrea Kugler, Eric Swanson Organizations: WASHINGTON, Federal Reserve, GlobalData, Lombard, Federal Reserve Bank of Cleveland, Jeep, Fed, University of California Locations: Wall, Philadelphia, Irvine
USA Hockey is mandating neck laceration protection for all players under the age of 18, the latest development in the wake of the death of a player in England from a skate cut to the neck. The decision announced Sunday comes three months after American Adam Johnson died after taking a skate blade to the neck during a game in the Elite Ice Hockey League. The International Ice Hockey Federation has since mandated neck guards for players at all levels at the tournaments it runs. The governing body for the sport in the U.S. also said it strongly recommends that adults wear neck protection. “I know throughout our organization, the overwhelming opinion was that the time is appropriate to modify our rules related to neck laceration protection,” USA Hockey executive director Pat Kelleher said.
Persons: Adam Johnson, Pat Kelleher, “ We’re, ___ Organizations: Hockey, Elite Ice Hockey League, Ice Hockey Federation, USA, USA Hockey Locations: England, U.S
“Safety is always at the forefront of our conversations and the action of our Congress today reflected that,” said USA Hockey president Mike Trimboli. Days after his death, England Ice Hockey announced all players at all levels would be required to wear approved neck protection starting in January 2024. For USA Hockey, neck laceration protection had previously been recommended but not required for youth hockey players. USA Hockey also “strongly recommends” neck laceration protection for adult players. “I think there is a machismo within ice hockey where you’re seen as being something less if you choose to wear more protective equipment,” ice hockey broadcaster Seth Bennett told CNN Sport in November.
Persons: , Mike Trimboli, Dr, Mike Stuart, Adam Johnson, coroner’s, Teddy Balkind, , Pat Kelleher, “ We’re, , Seth Bennett, Johnson, CNN’s Eric Levenson, George Ramsay Organizations: CNN, USA Hockey, Safety, Protective, Committee, Nottingham Panthers, England Ice Hockey, , CNN Sport, American Hockey League, NHL, Pittsburgh Penguins Locations: Sheffield, England, Connecticut, Hibbing , Minnesota
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