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Ford Motor Company has agreed to pay $165 million, the second-largest auto penalty ever issued by the National Highway Traffic Safety Administration, to settle charges it failed to comply with federal recall requirements. “The total civil penalty amount of $165 million is second only to the Takata airbag consent order in the agency’s 54-year history,” the NHTSA said in a statement. The Ford penalty stems from a multi-year investigation into the automaker's handling of defective rollover safety cameras on a number of its models, including its popular F-150 trucks and Explorer SUVs. In a statement, Ford said it disagreed with NHTSA's findings but that it was pleased to administratively settle the dispute with the regulator. Power's "initial quality" report earlier this year as a sign the company is making progress on addressing those issues.
Persons: Ford, Sophie Shulman, ” Ford, Jim Farley, Farley Organizations: Ford Motor Company, National, Traffic Safety Administration, NHTSA, Ford, Barclays Locations: J.D
The main control room of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. (Take a deeper look inside the Three Mile Island nuclear power plant here.) Part of a control panel at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. A cooling tower at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. The turbine deck of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.
Persons: Danielle DeVries, Trevor Orth, Chris Crane, Constellation, Bryan Hanson, Hanson, Holtec, Mike Goff, Thomas Mehaffie, Tom Mehaffie, Mehaffie, Mehaffie's, PJM, Mark Christie, Alistair Speirs, Speirs, Ryan Levine, Levine, CNBC Hanson Organizations: CNBC MIDDLETOWN, Constellation Energy, Nuclear Regulatory Commission, Constellation, NRC, CNBC, Crane Clean Energy, Microsoft, Google, U.S . Unit, Energy Solutions, Unit, of Nuclear Energy, Department of Energy, Pennsylvania, Construction, Federal Energy Regulatory Commission, CNBC Federal, Nuclear Regulatory, Citi, General Electric Locations: Middletown , Pennsylvania, Pa, United States, U.S, Baltimore, Exelon, Michigan, Pennsylvania, Harrisburg
Part of the reason is due to a tax credit program that the Cybertruck has been largely left out of. Tesla is offering the Cybertruck for lease a year after the EV company made its first deliveries to customers. However, leasing an EV offers buyers another way to take advantage of the tax credit program without meeting every requirement. Through what's known as a "leasing loophole," dealerships can receive the tax credit and choose to pass those savings on to the buyer or lessee. But Tesla's Cybertruck has largely been left out of the federal incentive program.
Persons: Tesla, Elon Musk's, Rivian, Tesla's Cybertruck Organizations: EV, Biden, Internal, Department of Energy's
Firefighters from coast to coast are battling wildfires even as the country begins to prepare for the holiday season, with fires in New Jersey covering thousands of acres in tinderbox conditions created by a historic drought. It's inevitable that this fire is going to continue to burn up until it reaches our control line," New Jersey Forest Fire Service Chief Bill Donnelly said at a news conference Sunday. In New York State the total is 60 wildfires covering 2,100 acres in the same timeframe. One blaze, the Hill Fire in Burlington County, has been burning since July 5, he said. There was some rain across the tri-state area Sunday night, but less than half an inch, the National Weather Service in Mount Holly said.
Persons: Dariel Vasquez, Bill Donnelly, , , we’ve, Donnelly, Mount Holly Organizations: Fire Department, York Parks, Ramapo High School, New, New Jersey Forest Fire Service, Jersey Forest Fire Service, . New, . New Jersey Department of Environmental, Cross, U.S . Drought, University of Nebraska, Lincoln, National Weather Service Locations: New Jersey, California, Ventura County, Ventura, Sterling Forest, New York's Orange County, Passaic County , New Jersey, New York, Jersey, Evesham, N.J, ., . New Jersey, Warwick , New York, Cliff, Greenwood, Greenwood Lake, New York State, Burlington County, Mount, Philadelphia
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty ImagesDETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are "impossible" to meet and, if they're not changed, will lead to less customer choice in several states. Battery-electric, fuel cell and, to an extent, plug-in hybrid electric vehicles qualify as zero emission under the regulations. At this point, it looks impossible," Jack Hollis, chief operating officer of Toyota Motor North America, said during a virtual media roundtable Friday. Several automotive insiders previously told CNBC that the EV mandate issue needed to be addressed regardless of who won election this year.
Persons: Tomohiro Ohsumi, they're, ZEV, Battery, Jack Hollis, Power, Hollis Organizations: Toyota Motor Corp, Getty, DETROIT, Toyota, California Air, Toyota Motor North, California Air Resources, D.C, CNBC Locations: Tokyo, Japan, California, Toyota Motor North America, Washington, Colorado, New York, New Mexico, Rhode
He has also generally backed nuclear power, though he expressed some skepticism in his October interview with Joe Rogan. The clearest winner: Gas Stocks exposed to natural gas emerge as some of the clearest winners, according to post-election notes by JPMorgan and Jefferies. But the company has significant gas generation assets and would be poised to benefit under the fossil-fuel friendly Trump administration, according to JPMorgan. GE Vernova is one of the clearest winners, according to Jefferies analysts. Cheniere also stands to benefit through potentially easier liquid natural gas production under Trump, Jefferies found.
Persons: Donald Trump, Trump, Joe Rogan, Kevin Kwan, Cheniere, Jefferies, Sunrun, Enphase, SolarEdge, Julien Dumoulin, Smith, Goldman, Biden, it's Organizations: Green New, Gas, JPMorgan, Jefferies, Vistra Corp, Trump, GE Vernova, GE, Senate, GOP, NOVA, NextEra Energy, U.S, Nuclear Locations: U.S, Ukraine
Why Toyota and Honda vehicles have such high resale values
  + stars: | 2024-11-04 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +1 min
Toyota and Honda have at times been called boring: Honda by its own engineers, Toyota more famously by a chairman descended from the company's founder. But while they may not have the luster of, say, European sports cars, these two Japanese brands have enviably high resale values. Toyota has topped Kelley Blue Book's Best Resale Value list eight times since 2014, including the last four consecutive years. Another key for the automakers is that Toyota and Honda listen carefully to customers and try to build only what they think people will buy. "The market tends to have much greater demand than Toyota supplies up front, which keeps resale high, which keeps consumers happy, and the cycle continues on and on," said Tyson Jominy, vice president of data analytics at J.D.
Persons: Tyson Jominy Organizations: Toyota, Honda, Lexus, Acura Locations: .
Several companies are due to report earnings next week, including some potential standouts. So far, most of the constituents that have reported third-quarter earnings have exceeded earnings and revenue expectations, according to FactSet. The companies below have exceeded the Street's earnings per share expectations 70% of the time and have risen 2% or more on earnings day. The enterprise software giant also has the most-reliable historical earnings performance, beating analysts' earnings per share estimates 90% of the time. Power circuits maker Monolithic Power has a strong earnings beat rate of 88%.
Persons: Wells, Michael Turrin, Turrin, ServiceNow, Rick Schafer, Impinj, FactSet Organizations: CNBC Pro Locations: Wells Fargo
Independent power producers Vistra , Constellation Energy and Talen Energy are positioned to benefit from a "paradigm shift" in electric demand from artificial intelligence data centers, according JPMorgan. "We see structural tailwinds, including manufacturing onshoring, broader electrification trends (transportation, heating, and more), as well [as] data center development underpinning a paradigm shift in power demand," Tonet and his team told clients in research report. Demand from tech companies for carbon-free power to drive their data centers will transform nuclear power and enable its owners to "command a substantial premium," they wrote. CEG 1Y mountain Constellation Energy shares over the past 12 months. TLN 1Y mountain Talen Energy stock over the past year
Persons: Jeremy Tonet, Tonet, Vistra Organizations: Constellation Energy, Talen, JPMorgan, Lone Star State, VST, Microsoft, Constellation, Amazon Web Services, Susquehanna, Energy Locations: Wednesday's, Texas, Pennsylvania
However, if you want the convenience of a cordless vacuum with suction that rivals the best vacuum cleaners, the LG CordZero All-in-One Auto-Empty Cordless Vacuum is a worthwhile splurge. LG CordZero All in One Cordless Stick Vacuum The LG CordZero All-in-One is a powerful cleaning tool that comes with a variety of handy attachments, including a self-emptying base and mopping attachment. Weighing about seven pounds, it's not the lightest model I've ever used, but this cordless vacuum is one of the most well-balanced. Camryn Rabideau/Business InsiderI tested the LG CordZero All-in-One Vacuum at my home for more than two months, and it had its work cut out for it. If you like the idea of a cordless vacuum that can also mop, another option is the Dyson V15s Submarine.
Persons: it's, Camryn, Dyson, that's, Jaclyn Turner, Read, LG CordZero Organizations: Business, LG, Amazon, Shark
The power needs of data centers will temporarily prolong the demand for coal, maintaining the reliability of the electric grid but delaying the nation's decarbonization goals, according to Moody's Ratings. The electricity demand from data centers could more than double to 35 gigawatts by 2030 compared to 17 gigawatts in 2022, according to a Moody's report published Monday. "It can be cost effective for them to supply coal to those power plants, and those power plants can, in turn, meet the incremental demand coming in from the new data centers," Sama said. The benefit to U.S. coal producers, however, will be temporary as data center developers transition to cleaner sources of power, according to Moody's. But sustained coal demand in the U.S. due to data centers could briefly lift prices before coal resumes its decline after a few years, according to Moody's.
Persons: Elena Nadtotchi, Sandeep Sama, Sama, Joseph Craft, Consol Organizations: Coal, Resource Partners, Arch Resources, Consol Energy, CNBC, Resources, Energy Information Administration, Department of Energy, PJM, Alliance, Wall Street Locations: U.S, Appalachia, Virginia
Most of the residents living in Hunters Point heeded the mandatory evacuations ahead of Hurricane Milton’s landfall but Fulford, 76, stayed behind with wife, Sueann, just as they did during Hurricane Helene last month. The storm obliterated vast parts of Florida, including the surrounding areas of Hunters Point like Anna Maria Island and Bradenton. Rebecca Blackwell/APMilton knocked out power for more than 2.5 million customers across the state, including in Manatee County, where Hunters Point homes are located. Julian Quinones/CNNWhen Gobuty started the design process for Hunters Point, it was imperative the homes be able to withstand Category 5 hurricanes. Instead, Milton drove the worst storm surge across a 65-mile stretch of coast between Siesta Key and Fort Myers Beach.
Persons: William Fulford, Fulford, Milton, Sueann, Helene, “ I’m, ” Fulford, Anna Maria, Hurricane Milton, Maria, Rebecca Blackwell, AP Milton, ” Marshall Gobuty, , Julian Quinones, Gobuty, there’s, ” Gobuty Organizations: CNN, Bradenton, Pearl Homes, Hurricanes, AP, Fort Myers Locations: Virginia Beach , Virginia, South Florida, Sarasota Bay, Tampa Bay, Bradenton Beach, Fulford, Siesta, Florida, Bradenton, St . Petersburg, Pines, Park, Maria Island , Florida, Manatee County, Milton, Virginia, Fort Myers Beach
Tapping into people's passions can inspire emotional connections with consumers. In fact, our survey data identifies eight key roles that brands can play to either accelerate consumers' passions or alleviate their frustrations — one of which is fostering shared connections around their passions. A prime example of this is how Nike taps into peoples' passion for wellness, which is ranked the second highest among those we surveyed, while strengthening community bonds. Neuromarketing can derive an abundance of data-driven insights from study participants, allowing us to discern consumers' emotional associations with logos, messages, storylines, colors, and more. Inspiring an emotional response is an incredibly challenging task for marketers at a time when consumers feel bombarded by messages.
Persons: Raja Rajamannar, Rajamannar, , Johnnie Walker, Costa Organizations: Mastercard, Service, Harvard Business School, Carnegie Hall, Cannes Lions, Prix, Consumers, Nike, Nike Run
View at Amazon What we like Check mark icon A check mark. Powerful motor for precision shavesCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Many key features as the best overall pick including beard sensing technologyCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: it's, Braun, we've, Pricey Braun, Gillette, Heusen, Anne Klein Organizations: Business, Amazon, Braun, Mower, Panasonic, Sports
The best Amazon Prime Day dealsKeep checking in on our curated deals list below, as we'll be updating it throughout the event with our latest Prime Day picks. Tech and gaming Prime Day dealsThis will be one of the busiest sections of the October Prime Day sale, and some absolute bangers are live already. View at AmazonKitchen Prime Day dealsLooking for a Prime Day pick-me-up? View at AmazonStyle and beauty Prime Day dealsIt's not all high-end electronics on Prime Day. View at AmazonAmazon Prime Day FAQsWhen is Amazon Prime Day?
Persons: We'll, we've, we'd, You'll, Bose, Apple, LG's, 120Hz, HLG, OmniForce, Bissell, Loren, LQ, seltzer, It's, I've, Skip, shams Organizations: Business, Amazon Prime, Deal, Tech, Apple, Deal Sony, Slim, Alexa, Kindle, Google, Amazon Samsung Galaxy Watch, Galaxy Watch, Amazon, Sony, Apple AirPods, LG, Samsung, Dolby, HLG Smart, Amazon LG, Chatelet Air, Bissell, DELTA, Delta, Barista, REVLON, Revlon, Amazon Braun, Braun
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Persons: Dyson, we've, Rose, Skip, Braun, Gillette, shea, Heusen, Anne Klein, It's, you've Organizations: Business, Amazon, REVLON, Revlon, Gillette Venus Womens, Panasonic, PURA, Pura, palmetto, Amazon St, St, Sports Locations: Tropez
The Amazon Prime Big Deal Days event is one of the best chances of the year to find a discounted Apple Watch, and we're rounding up the best Apple Watch Prime Day deals alongside the best Prime Day deals across other product categories. The best Amazon Prime Day Apple Watch dealsApple Watch Series 10 Titanium (46 mm) $708.00 $749.00 Save 5% With the titanium case option on the new Apple Watch Series 10, you also get Apple's durable sapphire crystal display. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Overall, the best Apple Watch is the new Apple Watch Series 10.
Persons: There's, it's, Apple Organizations: Business, Amazon Prime, Deal, Apple Watch, Apple, Prime
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Persons: We'll, we've, you'll, I'm, we'd, You'll, Apple, LG's, 120Hz, HLG, vacuums, seltzer, shams, Dyson, OmniForce, Bissell, Loren, LQ, It's, I've, Skip Organizations: Business, Amazon Prime, Deal, Apple, Deal Sony, Slim, Alexa, Kindle, Google, Amazon Samsung Galaxy Watch, Galaxy Watch, Amazon Samsung, LG, Sony, Samsung, Amazon, Dolby, HLG Smart, Amazon LG, Chatelet Air, Barista, DELTA, Delta, Dyson, Bissell, REVLON, Revlon, Amazon Braun, Braun Locations: Delsey
Power released its annual North American Airport Satisfaction Study, ranking the large airports across North America. The best large airport: John Wayne Airport, Orange CountyThe John Wayne Airport in Orange County, California, is the best large airport this year after coming in the No. The John Wayne Airport, Orange County, currently serves about 11.7 million annual passengers, according to its website. 10 best large airports in North America for 2024John Wayne Airport, Orange County Tampa International Airport Kansas City International Airport Dallas Love Field Nashville International Airport William P. Hobby Airport Sacramento International Airport Portland International Airport Salt Lake City International Airport San Jose International Airport After taking the No. Taylor says the Tampa International Airport has ranked highly over the years because of its great design, signage, and sense of identity.
Persons: John Wayne, Michael Taylor, Sr, Taylor, William Organizations: North, John, John Wayne Airport, CNBC, LAX, Orange County Medianews, Getty, Orange County Tampa International Airport Kansas, International Airport Dallas Love Field, International, William P, Hobby Airport, International Airport Portland International, Salt Lake, International Airport San Jose International, Tampa International, Tampa International Airport Bloomberg, Bloomberg Locations: North America, Orange County, Orange County , California, ., Southern California, California, Newport Beach, Los Angeles, Orange, Salt, Tampa, Tampa Bay
Former NASCAR driver Greg Biffle has been using a private helicopter to deliver supplies to stranded victims of Hurricane Helene in parts of western North Carolina. The NASCAR Hall of Fame nominee and pilot is documenting the supply runs on X, where commenters are praising him for his efforts. The NASCAR star has also alerted family members of stranded hurricane victims that their loved ones are alright. When one X user asked how she could connect Biffle to those in need of his assistance, Biffle responded, "Coordinates please." He started 515 NASCAR Cup Series races throughout his career with 19 wins and was the first driver to win championships in both the Xfinity Series and the Truck Series.
Persons: Greg Biffle, Hurricane Helene, Biffle, Biff Organizations: NASCAR, NASCAR Hall of Fame, Biffle, Power Locations: Hurricane, North Carolina
Markets: U.S. stocks were lower Thursday as Wall Street extends Tuesday's sharp selloff, which was triggered by concern over Iran's missile attacks on Israel. Wall Street will be parsing the government's jobs numbers for their implications on future Fed interest rate cuts. 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, Jensen Huang, Huang, Blackwell, Gordon Haskett, Sundar Pichai, Pichai, Jim Cramer's, Jim Organizations: CNBC, . Markets, Dow, Nasdaq, Constellation Brands, Modelo, Corona, Constellation, Nvidia, Blackwell, Club, Home Depot, Media, Microsoft, Constellation Energy, Jim Cramer's Charitable Locations: Israel, U.S, Orange
A Hawaiian Electric power line fell early on the morning of Aug. 8, sparking a fire in overgrown brush near the edge of town. Pictures and crosses are displayed at a public hillside memorial to Lahaina wildfire victims on August 1, 2024 in Lahaina, Hawaii. First responders also had trouble getting a firm answer from Hawaiian Electric representatives if the power had been cut to the area. That’s the amount the defendants — including Hawaiian Electric, the state, Maui County, large landowners and others — have agreed to pay to settle claims. Lawyers for people seeking compensation fear allowing insurance companies to sue Hawaiian Electric and others will subvert the deal, drain what is available to pay fire victims and lead to prolonged litigation.
Persons: Josh Green, Mario Tama, Organizations: Honolulu AP, US, of Alcohol, Tobacco, Firearms, Explosives, Maui Fire Department, Getty, Hawaiian Electric, Hawaii Gov, Electric, Hawaii Supreme, policyholders Locations: Honolulu, Maui, Lahaina, Lahaina , Hawaii, West Maui, Hawaii, California, Paradise, Maui County
A dockworkers strike begins. Back in the States, a dockworkers strike could upend an economy finally on the mend. Tuesday morning marked the start of a dockworkers strike that will shutter dozens of US ports that handle about half of all US ocean imports. The Iranian attack was largely thwarted, and the dockworkers strike could be short-lived. That's thanks in part to strong demand in China.
Persons: , JD Vance, Tim Walz, BI's Brent D, Griffiths, Amir Cohen, Hurricane Helene, it's, Tyler, Paul Podolsky, Kate Capital, Samantha Lee Musk, Jenny Chang, Rodriguez Hey Airbnb, Gen Z, somethings, Critics —, Amazon's, Nicholas Bloom, Eric Adams, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Midwest Nice, REUTERS, US Navy, Bank of America, Northwestern Energy, Bridgewater Associates, Samantha Lee Musk &, mojo, DOJ, Google, BI, Amazon, Stanford, New York City Locations: Israel, Iran, Saudi Arabia, States, Bridgewater, China, Yale, New York, London
A man embraces his daughter-in-law among the debris of his destroyed home in Horseshoe Beach, Florida, on Saturday. Some of the roads and bridges they need to do the job aren’t there anymore. Helene’s path of destruction stretched more than 500 miles, from coastal Florida to the Blue Ridge Mountains. Power companies are dealing with damaged and blocked roads as they work to restore power to homes and businesses. The president approved disaster relief and has been in contact with the governors where the damage was most severe.
Persons: Marco Bello, , Joe Biden, Organizations: Carolinas, White House Locations: Horseshoe Beach , Florida, North Carolina, South Carolina, Georgia, Florida, Tennessee andtwo, Virginia, Asheville
Power released its annual 2024 North America Airport Satisfaction Study, ranking the mega airports across North America. Mega airports are defined as those with 33 million or more passengers per year. The study was fielded from August 2023 through July 2024 and airports were measured based on a 1,000-point scale of overall customer satisfaction. Managing Director of Travel, Hospitality, Retail and Customer Service, tells CNBC Make It this year's study found that airports are swamped with travelers and that most airports have regained their passenger volumes from before the covid-19 pandemic. "There seems to be no slack in demand and airports are, in general, doing a little bit of a better job of making people satisfied, mostly with food and beverage," he says.
Persons: Michael Taylor, Sr Organizations: Service, CNBC Locations: North America
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