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Liberty Media announced Wednesday that it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end. After the split, Liberty Media will hold Formula One, which Liberty acquired in 2016 and later spun out as a tracking stock, and MotoGP, upon the closing of that transaction. The Liberty Media and Liberty Live split is expected to be completed in the second half of 2025, and the sale of Liberty Broadband to Charter is projected to be completed in mid-2027. "Following today's announcements at Liberty Media and Liberty Broadband, all the Liberty acquisitions completed during my tenure are now in structures where shareholders can have more direct ownership in their upside," Maffei said in a separate release. He's chairman of the board of Liberty Media, Liberty Broadband and Liberty Global.

Persons: Greg Maffei, John Malone, Malone, Chris Marangi, it's, It's, Quint, Maffei, He's, Discovery — Organizations: Liberty Media, Formula, Liberty, Liberty Media . Liberty, Gabelli, MotoGP, Live Nation Entertainment, Communications, Liberty Broadband, Liberty Live Group, Charter, Warner Bros, Discovery, Liberty Global, TCI, AT Locations: Manhattan, Liberty

Pennsylvania Senate: Although Trump is projected to win Pennsylvania, the Senate race there is still too close to call. Colorado's 8th District: Democratic Rep. Yadira Caraveo is locked in a tight race in the Denver suburbs against Republican state Rep. Gabe Evans. Ohio's 9th District: Democratic Rep. Marcy Kaptur is locked in an extremely tight race with GOP state Rep. Derek Merrin. Texas' 34th District: Democratic Rep. Vicente Gonzalez faces a rematch against former GOP Rep. Mayra Flores, with Gonzalez slightly ahead. Washington's 4th District: Republican Rep. Dan Newhouse narrowly leads Republican former NASCAR driver Jerrod Sessler.

Persons: Donald Trump, Trump, Kamala Harris, Ruben Gallego, Kari Lake, Gallego, outperforming Harris, Lake, Mike Rogers, Elissa Slotkin, Rogers, Slotkin, Democratic Sen, Debbie Stabenow, Jon Tester, Tim Sheehy, Republican Sam Brown, Jacky Rosen, Republican Joe Lombardo, Catherine Cortez Masto, Bob Casey, Republican Dave McCormick, Tammy Baldwin, Eric Hovde, Baldwin, Republican Nick Begich, Mary Peltola, David Schweikert, Shah, Juan Ciscomani, Sen, Kirsten Engel, Kevin Kiley, Jessica Morse, Josh Harder, Stockton Mayor Kevin Lincoln, John Duarte, Democrat Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Will Rollins, Michelle Steel, Derek Tran, Mike Johnson, Bill Clark, Republican Scott Baugh, Dave Min, Mike Levin, Matt Gunderson, Lauren Boebert's, Adam Frisch, Boebert, Republican Jeff Hurd, Gabe Evans, Frank Mrvan, Republican Randell Niemeyer, Republican Mariannette Miller, Meeks, Christina Bohannan, Jared Golden, Austin Theriault, David Trone's, Frederick, April McClain Delaney, John Delaney, Republican Neil Parrott, Monica Tranel, Ryan Zinke, Harris, Don Bacon, Tony Vargas, North, Don Davis, Republican Laurie Buckhout, Gabe Vasquez, Yvette Herrell, Susie Lee, Drew Johnson, Steven Horsford, North Las Vegas Mayor John Lee, Anthony D'Esposito, Laura Gillen, Josh Riley, Marc Molinaro, Marcy Kaptur, Derek Merrin, Janelle Bynum, Lori Chavez, Andrea Salinas, Mike Erickson, Salinas, Erickson, Ryan McKenzie, Susan Wild, Scott Perry, Janelle Stelson, Vicente Gonzalez, Mayra Flores, Gonzalez, Democrat Eugene Vindman, Republican Derrick Anderson, Vindman, Alexander Vindman, Volodymyr Zelenskyy, Marie Gluesenkamp Perez, Republican Joe Kent, Dan Newhouse, Jerrod Sessler, Sessler, Newhouse, Kim Schrier, Carmen Organizations: Republican Party, NBC, Arizona, Democratic, Marine, Lake, Michigan, GOP, Democratic Rep, Nevada Senate, Republican, Senate, Pennsylvania, . Wisconsin Senate, Republicans, Democrat, California Natural Resources Agency, Stockton Mayor, Capitol, NASA, Virgin Galactic, Democrats, Democratic Army, Inc, Getty, Colorado's, Gary, Miller, Maine's, Rep, NASCAR, Commerce Department, District, Republican Rep, Army, Mexico's, North Las Vegas Mayor, New York's, Ohio's, Freedom Caucus, Trump, Ukrainian Locations: Michigan, Arizona, Nevada, Alaska, Debbie Stabenow . Montana, Montana, Pennsylvania, Washington, California, Phoenix, District, Tucson, California's, Sacramento, Central Valley, Southern California, Riverside County, Colorado's, Denver, Indiana's, Iowa's, Maryland's, Nebraska's, Omaha, North Carolina's, Nevada's, Las Vegas, Oregon's, Pennsylvania's, Texas, Virginia's, Washington's

This year, Kaptur is facing GOP state Rep. Derek Merrin. West VirginiaGovernor: GOP state Attorney General Patrick Morrisey is the heavy favorite to fill the seat being left open by GOP Gov. 5th Congressional District: Democratic Rep. Jahana Hayes has a rematch against former GOP state Sen. George Logan in this western Connecticut district. 7th Congressional District (Allentown): Democratic Rep. Susan Wild is running against GOP state Rep. Ryan McKenzie. She is facing Democratic state Rep. Janelle Bynum.

Persons: Anna Paulina Luna, Democrat Whitney Fox, Maria Elvira Salazar, Lucia Baez, Geller, Republican Sen, Mike Braun, Jennifer McCormick, Jim Banks, Braun, Valerie McCray, Frank Mrvan, Joe Biden, Randell Niemeyer, Phil Scott, Esther Charlestin ., Independent Sen, Bernie Sanders, Gerald Malloy, Democratic Sen, Tim Kaine, Republican Hung Cao, Biden, Jen Kiggans, Elaine Luria, Missy Cotter Smasal, Eugene Vindman, Derrick Anderson, Abigail Spanberger, Vindman’s, Alexander Vindman, Trump’s, Spanberger, Josh Stein, Mark Robinson, Robinson, Sen, Rachel Hunt, Jim Hunt, Hal Weatherman, Jeff Jackson, Republican Dan Bishop, Elaine Marshall, Republican Chad Brown, Don Davis, Laurie Buckhout, Davis, Sherrod Brown, Trump, Brown, Bernie Moreno, Greg Landsman, Orlando Sonza, Marcy Kaptur, Derek Merrin, Emilia Sykes, Kevin Coughlin, Patrick Morrisey, Jim Justice, Democrat Steve Williams, Joe Manchin, Wheeling Mayor Glenn Elliot, Republican Kris Warner, State Mac Warner, Democrat Thornton Cooper, Caroleene Dobson, Chris Murphy, Matt Corey, Jahana Hayes, George Logan, Hayes, Logan, Lisa Blunt Rochester, Ben Cardin, Republican Eric Hansen, Blunt Rochester, Matt Meyer, Michael Ramone, Sarah McBride, GOP Sen, Rick Scott, Debbie Mucarsel Powell, Scott, Eric Sorensen, Joseph McGraw, Sharice Davids, Prasanth Reddy, Angus King, David Costello, Demi Kouzounas ., Jared Golden, Austin Theriault, Angela Alsobrooks, Prince George’s, Larry Hogan ., April McClain Delaney, John Delaney, Republican Neil Parrott, David Trone, Elizabeth Warren, Republican John Deaton, Hillary Scholten, Republican Paul Hudson ., Tom Barrett, Curtis Hertel ., Dan Kildee, Kristen McDonald, Paul Junge ., John James eked, James, Democrat Carl Marlinga, Roger Wicker, Ty Pinkins, Josh Hawley, Lucas Kunce, Mike Kehoe, Crystal, Kelly Ayotte, Democrat Joyce Craig, Chris Sununu ., Chris Pappas, Republican Russell Prescott, Annie Kuster, Lily Tang Williams, Maggie Goodlander, Jake Sullivan ., Bob Menendez’s, Andy Kim, Republican Curtis Bashaw ., Tom Kean Jr, Kean, Sue Altman, Bob Casey, Republican Dave McCormick, Mehmet Oz, Brian Fitzpatrick, Ashley Ehasz, Susan Wild, Ryan McKenzie, Wild, Matt Cartwright, Rob Bresnahan Jr, Scott Perry, Janelle Stelson, Chris DeLuzio, Rob Mercuri, Sheldon Whitehouse, Patricia Morgan, Marsha Blackburn, Gloria Johnson, Monica de la, Michelle Vallejo, Henry Cuellar, Jay Furman, Vicente Gonzalez, Mayra Flores, Kyrsten Sinema, Ruben Gallego, Kari Lake, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Ciscomani, Lauren Boebert’s, Adam Frisch, Republican Jeff Hurd ., Gabe Evans, Mariannette Miller, Meeks, Christine Bohananan, Zach Nunn, Lanon Baccam, Garret Graves, Debbie Stabenow’s, Elissa Slotkin, Mike Rogers, Amy Klobuchar, Republican Royce White, Angie Craig, Joe Teirab, Deb Fischer, Dan Osborn, Pete Ricketts, Ben Sasse’s, Sasse, Ricketts, Democrat Preston Love Jr, Don Bacon, Tony Vargas, Bacon, Martin Heinrich, Republican Nella Domenici, Yvette Herrell, Gabe Vasquez, Vasquez, Kirsten Gillibrand, Mike Sapraicone, Nick LaLota, Democrat John Avlon, Tom Suozzi, George Santos, Suozzi, Mike LiPetri, Anthony D’Esposito, Laura Gillen, D’Esposito, Mike Lawler, Mondaire Jones, Lawler, Sean Patrick Maloney, Pat Ryan, Alison Esposito, Marc Molinaro, Josh Riley, Molinaro, Brandon Williams, John Mannion, Kelly Armstrong, Merrill Piepkorn, Doug Burgum, Kevin Cramer, Katrina Christiansen, Roe, Ted Cruz, Colin Allred, Tammy Baldwin, Eric Hovde, Brian Steil, Peter Barca, Derrick Van Orden, Rebecca Cooke, John Barrasso, Democrat Scott Morrow, Jon Tester, Tim Sheehy, Greg Gianforte, Ryan Busse ., Ryan Zinke, Monica Tranel, Zinke, Jacky Rosen, Republican Sam Brown, Dina Titus, Republican Mark Robertson, Drew Johnson, Susie Lee, Steven Horsford, Republican John Lee, John Curtis, Mitt Romney, Curtis, Caroline Gleich, Spencer Cox, Brian King, Adam Schiff, Dianne Feinstein, Schiff, Republican Steve Garvey, Kevin Kiley, Jessica Morse, Republican Stockton Mayor Kevin Lincoln, Josh Harder, John Duarte, Democrat Adam Gray, Duarte, David Valadao, Rudy Salas, Mike Garcia, George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Democrat Will Rollins, Michelle Steel, Derek Tran, Republican Scott Baugh, Katie Porter, Dave Min, Porter, San Clemente, Mike Levin, Matt Gunderson, Val Hoyle, Monique DeSpain, Lori Chavez, Janelle Bynum, Andrea Salinas, Mike Erickson, Salinas, Bob Ferguson, Dave Reichert ., Marie Gluesenkamp, Perez, Republican Joe Kent, Dan Newhouse, Republican Jerrod Sessler, Newhouse, Kim Schrier, Carmen, Mazie, Bob McDermott, Mary Peltola, Nick Begich, Eric Hafner, John Howe Organizations: Congressional District, Democrat, Trump, Congressional, Miami, Dade County School Board, Georgia, House, Indiana Governor, Republican, Senate, GOP, District, Democratic, South, Vermont Governor, Republican Gov, Independent, Army, Virginia Senate, Navy, North Carolina Governor, Gov, Ohio Senate, Kaptur, Virginia Governor, GOP Gov, Huntington . Senate, Wheeling Mayor, State, Alabama, Justice Department, Caroleene Dobson . Connecticut Senate, Delaware Senate, District of Columbia, Illinois, Rep, NASCAR, Maryland, Frederick, Commerce Department, Marine, Missouri, White House, Jake Sullivan . New, Jake Sullivan . New Jersey Senate, Alliance . Oklahoma, Democratic Army, Apache, Biden, Freedom Caucus, Rhode, Rhode Island Senate, Tennessee Senate, Tennessee, Monica de la Cruz, Arizona, Democratic Rep, National, U.S . Department of Agriculture, Republicans ’, Minnesota Senate, . Nebraska, New Mexico Senate, . New York Senate, New York Police, CNN, GOP Rep, New York Democrats, North, North Dakota Governor, South Dakota, . Wisconsin Senate, Wisconsin, Wyoming, Montana Senate, Nevada Senate, Nevada, Congressional Black Caucus, Security, Utah, California Senate, California Natural Resources Agency, Republican Stockton Mayor, Capitol, NASA, Virgin Galactic, Air Force, Washington Governor, Hawaii Senate, Alaska, Peltola, Alaskan Independence Party Locations: States, Florida, Clearwater, Miami, Georgia, Indiana, Gary, Kentucky, South Carolina, U.S, Virginia, Virginia Beach, Northern Virginia, Gaston County, Ohio, Cincinnati, Toledo, Akron, Huntington, Montgomery, Alabama, Caroleene Dobson . Connecticut, Connecticut, . Kansas, Kansas, Prasanth Reddy . Maine, Maine, Prince George’s County, Massachusetts, Michigan, Grand, Lansing, Saginaw, Flint, Detroit, Mississippi, Missouri, . New Hampshire, Dixville, Manchester, Portsmouth , Manchester, Jake Sullivan . New Jersey, North Jersey, Philadelphia, Allentown, Scranton, Harrisburg, Pittsburgh, Rhode Island, Texas, McAllen, Laredo, South Texas, Phoenix, Tucson, Colorado, Denver, Iowa, Davenport, Des Moines, Louisiana, Baton Rouge, Shreveport, Black, Twin Cities, Omaha, New Mexico, Albuquerque, ., Long, Queens, Hempstead, New York City, Hudson, New York, Syracuse, North Dakota, . Texas, Racine, La Crosse, Bozeman , Missoula, Nevada, Las Vegas, North Vegas, North Las Vegas, Sacramento, California, Stockton, Central, Los Angeles, Santa Clarita, Southern California, Riverside County, Calvert, Irvine, San, Idaho, United States, Oregon, Eugene, Portland, Salem, Seattle

☆ CVS replaces CEO as profits, share price suffer
▼ + stars: | 2024-10-18 | by ( Jacob Pramuk | Sara Salinas | ) www.nbcnews.com time to read: +2 min

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter. CNBC reported last month that CVS’ board had engaged strategic advisors to weigh its options, including the potential of a breakup of its insurance and retail businesses. Lynch also stepped down from the company’s board of directors this week, the company said Friday.

Persons: David Joyner, Karen Lynch, CVS, ” CVS, Joyner, Lynch, “, David, Roger Farah, Farah Organizations: CVS, Aetna, Glenview Capital, CNBC, CVS Health

☆ Pope expels a bishop and 9 other people from a Peru movement over ‘sadistic’ abuses
▼ + stars: | 2024-09-25 | by ( Associated Press | Claudia Rebaza | ) edition.cnn.com time to read: +6 min

VATICAN CITY Associated Press —Pope Francis took the unusual decision Wednesday to expel 10 people – a bishop, priests and laypeople – from a troubled Catholic movement in Peru after a Vatican investigation uncovered “sadistic” abuses of power, authority and spirituality. It was announced by the Peruvian Bishops Conference, which posted a statement from the Vatican embassy on its website. The statement was astonishing because it listed abuses uncovered by the Vatican investigation that have rarely if ever been punished canonically — such as hacking someone’s communications — and cited the people the pope held responsible. Victims of Figari’s abuses complained to the Lima archdiocese in 2011, though other claims against him reportedly date to 2000. The investigation, published in 2017, found that Figari sodomized his recruits and forced them to fondle him and one another.

Persons: CITY Associated Press — Pope Francis, –, Francis ’, Luis Figari, ”, Figari, Pedro Salinas, Paola Ugaz, Sodalitium, Jordi Bertomeu, Charles Scicluna, Martin Mejia, Jose Antonio Eguren, Francis, Salinas, “ Organizations: CITY Associated Press, Peruvian Bishops Conference, CNN, South, Catholic, Maltese, Associated Press Locations: Peru, Vatican, America, South America, United States, Lima, Rome, Spain, Malta, Lima , Peru, Figari, Piura, Ugaz, Eguren’s, Peruvian

☆ Cat lost in Yellowstone National Park reunites with owners in California
▼ + stars: | 2024-09-21 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +2 min

“We had to leave without him,” Anguiano told KSBW. However, they adopted another cat a month after Rayne Beau went missing to keep his sister company, Anguiano told CNN. Then, 61 days after Rayne Beau went missing, the couple received a notification about a cat with Rayne Beau’s identification number being located, KSBW reported. Rayne Beau was found in Roseville, California, around 190 miles away from his home in Salinas. The couple said they’re not sure how Rayne Beau made it all the way back to California, but they are thankful he’s back home.

Persons: Rayne Beau, Susanne, Benny Anguiano, ”, Anguiano, “, ” Anguiano, KSBW, ” Rayne Beau, Susanne Anguiano, Starr, Rayne, Leilani Fratis, ” Fratis, they’re, ’ Organizations: CNN, KSBW, Placer Society Locations: Yellowstone, Salinas , California, Wyoming, Roseville , California, Salinas, Roseville, California

☆ Cat lost in Yellowstone travels almost 900 miles to reunite with owners 2 months later
▼ + stars: | 2024-09-19 | by ( Gabriella Rudy | Gabriella Rudy Is A News Associate For Nbc News. | ) www.nbcnews.com time to read: +3 min

Benny and Susanne Anguiano, a couple from Salinas, California, were reunited with their missing cat after he mysteriously traveled that distance. On a trip to Yellowstone National Park in early June, the couple's beloved house cat, Rayne Beau, was spooked and ran off into the dense trees. "We had to leave without him,” Susanne Anguiano said in an interview with NBC affiliate KSBW. "He was really depleted," Susanne Anguiano told KSBW. "Definitely microchip your cat or your pet and register the microchip online," Susanne Anguiano told KSBW.

Persons: —, Benny, Susanne Anguiano, Rayne Beau, Benny Anguiano, ” Susanne Anguiano, KSBW, Rayne Beau's, Rayne Organizations: NBC News, Yellowstone, NBC Locations: Salinas , California, Yellowstone, Roseville , California

If the Fed cuts rates on September 18, bank account interest rates are likely to decline further. High-yield savings and money market accounts outearn typical checking or savings accounts even when rates decline. If the Fed decides to cut rates, savings account and CD rates will likely decline. AdvertisementEven in a declining interest rate environment, the best high-yield savings accounts offer a higher annual percentage yield than savings accounts at brick-and-mortar banks. Some of the highest-yield saving accounts include the EagleBank High-Yield Savings Account (0.01% to 5.35% APY), Western Alliance Bank High-Yield Savings Premier( 5.31% APY), and BrioDirect High-Yield Savings Account (5.30% APY).

Persons: —, they'll, George Salinas, ™, Nate Hanft, there's, Banks, it's, I've, Hanft Organizations: Service, CFS, Manske Wealth Management, Barclays, Connexus Credit, Wealth, Western Alliance Bank, Yield Savings Locations: Salinas

Univision anchor Jorge Ramos, a beloved and iconic figure in Spanish-language journalism, is leaving the network after nearly 40 years in the anchor chair. I will continue anchoring ‘Noticiero Univision’ until December, and afterwards I will share my professional plan,” Ramos said in the release. Ramos has co-anchored “Noticiero Univision” since 1986. His co-anchors over the years have included other Hispanic journalism icons, such as Ilia Calderón and María Elena Salinas. He also hosts the weekend Univision program "Al Punto" and "America with Jorge Ramos" on Fusion TV.

Persons: Jorge Ramos, Ramos, “, ” Ramos, Ilia Calderón, María Elena Salinas, Al Punto, Donald Trump, Trump, Paola Ramos Organizations: Univision, Univision ’, Univision ”, TV, MSNBC, NBC Locations: Mexican American, U.S, America

☆ Democrats in competitive House races want Harris’ momentum without running toward her
▼ + stars: | 2024-08-12 | by ( Annie Grayer | ) edition.cnn.com time to read: +12 min

In conversations with nearly a dozen Democratic lawmakers and candidates running in competitive races across the country, a common theme emerged. Tim Walz, Democrats have felt a tangible bump of energy in their districts, through spikes in volunteers, donations and event turnout. Rep. Chris Deluzio, who supports Harris, told CNN he was glad to see that she has moved away from her previous position on fracking. The Republican campaign arm has seized on some of her past positions from his first presidential run, including fracking, as they’ve attempted to develop a strategy to target Democrats in tough races. Brendan Smialowski/AFP/Getty ImagesWalz serves ‘meat-and-potatoes’ politicsIn selecting Walz, the Harris campaign provided many down ballot Democrats running in competitive races with a welcomed partner.

Persons: Susie Lee of, Lee, Kamala Harris, ” Lee, Harris, “, Tim Walz, Kirsten Engel, Caitlin O'Hara, ” Engel, Trump, Biden, ”, Joe Biden, Chris Deluzio, “ I’m, hasn’t, Rudy Salas, David Valadao, Irfan Khan, Will Rollins, Ken Calvert of, Rollins, Harris ’, ” Rollins, “ It’s, Brendan Smialowski, Getty Images Walz, Walz, Ann Kuster, ” Kuster, Tim, Vicente Gonzalez, Donald Trump’s, Ohio Sen, JD Vance, Biden’s, Jahana Hayes, Hayes, Sue Altman, Thomas Kean Jr, ” Altman, wasn’t, Rosa Parks, Martin Luther King Jr, “ We’ve Organizations: CNN — Democratic, Democratic, CNN, Representatives, Nevada Democrat, Minnesota Gov, Bloomberg, Getty, Republican, Democrat, Republican US, Los Angeles Times, GOP, Getty Images, Minnesota, Republicans, ”, Vicente Gonzalez of Texas, Ohio, Army National Guard, Democratic Rep, Trump, Democratic House Locations: Susie Lee of Nevada, Nevada, Arizona, Phoenix , Arizona, Lee, Mexico, Pennsylvania, Bakersfield , California, Harris, California, Salinas, Ken Calvert of California, University's, Philadelphia , Pennsylvania, AFP, ‘, New Hampshire, Vicente Gonzalez of, Iraq, Jahana Hayes of Connecticut, New Jersey, Alabama, Montgomery

☆ Anxiety may increase risk of dementia, study finds
▼ + stars: | 2024-07-29 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

ingwervanille/Moment RF/Getty ImagesMore than 55 million people worldwide have dementia, a number expected to increase to 139 million by 2050. Previous studies exploring the relationship between anxiety and dementia have largely measured participants’ anxiety at one point in time, providing mixed conclusions — but how long someone’s anxiety lasts is an important aspect worth considering, the authors argued. Researchers measured participants’ anxiety at the first and second assessments. Someone’s anxiety was considered resolved if they had anxiety only at the time of the first wave. “This study agrees with earlier studies that therapy aimed at alleviating anxiety can help reduce risk for (Alzheimer’s disease).

Persons: ”, Kay Khaing, Glen R, Finney, ” Finney, wasn’t, “, Rudolph Tanzi, Dr, Joel Salinas, Isaac Health, Salinas wasn’t, Tanzi, Khaing, ” Khaing, ” Tanzi Organizations: CNN, American Geriatrics Society, Hunter New, Hunter New England Health, Getty, Australian Department of Health, American Academy of Neurology, McCance, Brain Health, Massachusetts General Hospital, NYU Langone Health, ”, National Alliance, Mental Locations: Hunter New England, Newcastle, Australia, Pennsylvania, Massachusetts, Boston, ” Salinas

☆ Ford sales edge 1% higher in the second quarter, led by trucks
▼ + stars: | 2024-07-03 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +1 min

Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday. Ford truck sales, which include pickups and vans, totaled 308,920 vehicles during the period, the company's best second-quarter performance for the category since 2019, Ford said. Sales of Ford electric vehicles totaled 23,957 during the second quarter, up 61%. GM said total sales of 696,086 made for its highest quarterly sales mark since the fourth quarter of 2020. Auto industry forecasters including Cox Automotive and Edmunds expect second-quarter sales industrywide to be roughly flat year over year.

Persons: Ford, Edmunds, — CNBC's Michael Wayland Organizations: Ford, Motors, GM, Auto, Cox Automotive Locations: Chicago , Illinois

☆ Fast fashion retailer Shein confidentially files for London IPO
▼ + stars: | 2024-06-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Shein, the fast fashion giant with links to China, has confidentially filed for a public listing in London as it faces backlash in the U.S., a person familiar with the matter told CNBC. Elected officials in the U.S. have repeatedly expressed concerns about the use of forced labor in Shein's supply chain and its use of a U.S. tax law exemption known as de minimis. Shein would still prefer to go public in the U.S., sources previously told CNBC, and its filing in London doesn't mean that an IPO will happen there. It's unclear if Beijing has signed off on the London listing. Shein's London filing marks another twist in the company's so-far long road to a public markets debut.

Persons: Shein, It's, Donald Tang, — CNBC's Sara Salinas Organizations: CNBC, U.S, National Retail Federation, U.S . Securities, Exchange Commission, Wall Street Journal, SEC Locations: China, London, U.S, Beijing, Singapore, Xinjiang

☆ The rise in sports betting and gambling violations by pro athletes, in 4 charts
▼ + stars: | 2024-06-15 | by ( Annette Choi | ) edition.cnn.com time to read: +4 min

As pro athletes deal with the ramifications of betting on games, a growing number of people are also grappling with mental health issues associated with sports betting. Gambling addiction hotlines across the country have reported a huge surge in traffic in recent years. Texts and chats to the National Problem Gambling Helpline have increased around 800% since 2018 while call volume grew nearly 80%. The annual national social cost of problem gambling — including job loss and gambling-related criminal justice — amounts to around $14 billion, according to the National Council on Problem Gambling. In January, Sen. Richard Blumenthal and Rep. Andrea Salinas introduced the Gambling Addiction Recovery, Investment, and Treatment Act, which would use federal funding to treat and study problem gambling.

Persons: Tucupita, Jontay Porter, Robert Manfred, —, There’s, LeBron James, ”, Charlie Baker —, National Collegiate Athletic Association —, Sen, Richard Blumenthal, Andrea Salinas Organizations: CNN, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, MLB, US, State helplines, of Ohio, National Council, Sports, American Gaming Association, Leagues, NBA, ESPN, National Collegiate Athletic Association, Investment Locations: New Jersey, Nevada, Washington, DC, Massachusetts, Las Vegas

☆ Red Lobster closings: These are the locations it wants to shut down
▼ + stars: | 2024-06-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +6 min

New York CNN —Red Lobster wants to close several dozen more restaurants following its bankruptcy, and it has identified which ones are in danger of shutting down if the court approves its plan. The chain, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, filed for bankruptcy last month. Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime. A few weeks prior to its bankruptcy, it abruptly closed around 50 locations across the United States.

Persons: Fort Smith, Callaghan Lane, Fort, Elizabeth, Merritt, Port Richey, Dale Mabry, Ames, Charles Rock, Noland, Pike, Miller, Monroe, King of Prussia, Knox Abbott, Sam Rittenburg, Anderson Lane, Michael, Van Dorn, Murdock Organizations: New, New York CNN, Beulah, Bell, Oracle, Yuma Palms, Hospitality, College, Run, Fort Myers, Fort Walton, Biscayne, , Michigan City, Charles, Bartow, Pittsburgh, Lamar, Fairfax Locations: New York, America, United States, . Alabama, E, Tuscaloosa Arizona, Flagstaff, Peoria, Phoenix, Tucson, Yuma Arkansas, Shiloh, Fayetteville, Springs, Little Rock California, Citrus Heights, Calaveras, Milpitas, Ave, Monrovia, Pittsburg, Salinas, Hospitality Lane, San Bernardino, San Jose, Lane, Stockton, Vallejo Colorado, Colorado Springs, Fort Collins, Greeley, Pueblo Connecticut, North Haven Delaware, Talleyville Florida, Altamonte Springs, Clermont, North, Clearwater, Coral Springs, Fort Lauderdale, Cleveland, Fort, Fort Walton Beach, Hwy, Kissimmee, Worth, Lake Worth, Lakeland, Leesburg, Haven Ave, Melbourne, Merritt, St, Miami, North Miami, Orange, Alafaya, Orlando, Pensacola, Port, Petersburg, Tampa, The, West Palm Beach Georgia, Columbus, Jonesboro, Rome, Smyrna Illinois, Bourbonnais, Champaign Indiana, Kokomo, , Michigan, Richmond Iowa, Ames Kansas, Topeka Kentucky, Louisville, Paducah Maryland, Salisbury, Salisbury Michigan, Bay City, Waterford Minnesota, West, Bloomington, Golden Valley Mississippi, Tupelo Missouri, Charles Rock Rd, Bridgeton, Independence, Joplin New Jersey, Delran, Paramus New York, Bartow Ave ., Bronx, Copiague, Lakewood, Manhattan, Glen Street, Queensbury, Stony Brook North Carolina, Cary, Jacksonville Ohio, Dayton, Findlay, Maumee, S.E, , New Philadelphia, Parma, Strongsville, Monroe St, Toledo Pennsylvania, Chambersburg, DeKalb Pike, Pittsburgh South Carolina, Cayce, Charleston Tennessee, Chattanooga Texas, Austin, Padre, Corpus Christi, Duncanville, Frisco, Houston, Lubbock, Bedford, Richland Hills, San Antonio, San Marcos, Shenandoah, Texarkana, Wichita Falls Virginia, Alexandria, Blvd, Chesapeake, Fairfax, Spotsylvania, Fredericksburg, Richmond, Broad, Virginia Beach, Pkwy, Virginia Beach Washington, Lynwood, Randall Way, Silverdale West Virginia, Parkersburg

☆ Electric air taxi maker Archer Aviation gets key FAA sign-off
▼ + stars: | 2024-06-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, on Aug. 2, 2023. The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday. United is working with Archer on what it would look like to enter the electric aircraft into service. Archer has partnered with automaker Stellantis to produce hundreds of the electric air taxis. On Tuesday, Joby said it plans to acquire the autonomy division of autonomous aviation company Xwing.

Persons: Archer, Adam Goldstein, Goldstein, couldn't, Andrew Chang, Joby Organizations: Archer Aviation, Salinas Municipal Airport, Federal Aviation Administration, United Airlines, CNBC, FAA, Joby Aviation, U.S . Air Force, Delta Air Lines Locations: Salinas, Salinas , California, Manhattan, Newark , New Jersey

☆ Vatican investigation of secretive society in Peru brings fresh hope for victims
▼ + stars: | 2024-05-31 | by ( Claudia Rebaza | ) edition.cnn.com time to read: +11 min

CNN —Like many victims of sexual abuse, it took years for Santiago to acknowledge that he was raped as a teenager. I come here to tell the truth because the authorities have not allowed me to speak,” Figari told reporters in Rome. At the age of 15, Figari told him he had great mental powers and offered to train him in ancient techniques, Santiago said. Years later, Santiago first reported his abuse to SCV members and filed a complaint against Figari at Lima’s Archdiocesan Tribunal in 2011. “I felt privileged, I felt listened to … (with) that phone call,” Santiago told CNN about when he first learned the Pope’s envoys wanted to meet him.

Persons: Santiago, “, ” Santiago, Sodalitium, Luis Fernando Figari, Figari, ”, Archbishop Charles Scicluna, Jordi Bertomeu, Pope Francis, Cristiana's, José David Correa, Holy, Charles J, Scicluna, Vida Cristiana, White, Pedro Salinas, Salinas, Paola Ugaz, ” Figari, Martin Mejia, Young, Oscar Osterling, Superior Jose David Correa, Peru’s, Dr, Jose Ugaz, “ Sodalitium, ” Salinas, Peruvian Cardinal Pedro Barreto, Pope, Chris Lamb, online.rainn.org Organizations: CNN, Catholic, Vatican, Military, SCV’s, Superior, Figari, Peruvian, Canon Law Locations: Peru, Santiago, Vatican City, Lima, Mons, America, Peruvian, Salinas, Rome, Italy, Lima , Peru, Lima’s

Activist investor Nelson Peltz has sold his entire stake in Disney , a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 dollars a share, the person said, making about $1 billion on the position. The exit comes weeks after Peltz's Trian Partners lost a proxy battle at Disney in early April as shareholders reelected the company's full slate of board nominees. Peltz had long taken issue with Disney governance. "We are proud of the impact we have had in refocusing this Company on value creation and good governance," Trian said in a statement following the April shareholder vote.

Persons: Nelson Peltz, Peltz, Peltz's Trian, Jay Rasulo, Bob Iger, Trian, Disney didn't Organizations: Disney, CNBC, Peltz's Trian Partners Locations: refocusing

☆ How the US Army refined its battle-tested, controversial M4 Carbine for modern combat
▼ + stars: | 2024-05-21 | by ( Kris Osborn | ) www.businessinsider.com time to read: +5 min

The PIP for the M4 was a far-reaching initiative to upgrade the Army's entire current inventory of M4 rifles into higher-tech, durable, and more lethal M4A1 weapons. Brooks Carroll shoots an M4A1 Carbine semi automatic rifle during a competition at Fort Carson, Colorado. Over the years, the Army has made more than 90 performance "Engineering Change Proposals" to the M4 Carbine since its introduction. Shaina JupiterFor many years, the Army upgraded and improved its M4, with some plans never passing the conceptual phase. These previous considerations, which were performed under a program called the M4A1+ effort, were analyzed by Army developers and then shelved.

Persons: —, Brooks Carroll, Woodlyne Escarne, Maven, Juan B, Joel Manzano, 19FortyFive Organizations: Service, Business, Army, Refining, M4, Fort Carson , Colorado . US, 19FortyFive, Camp Santiago, Training, US Army National Guard, Spc, US Marine Corps Locations: Fort Carson , Colorado, Salinas , Puerto Rico, Sukabumi, West Java, Indonesia

☆ Comcast offers subscribers Peacock, Netflix and Apple TV+ bundle
▼ + stars: | 2024-05-14 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +1 min

Comcast said Tuesday it will introduce a streaming bundle for its cable, broadband and mobile subscribers, tying together Peacock, Netflix and Apple TV+ at a discounted rate. Comcast's offer follows a model similar to several bundles from Verizon : Its streaming bundle will be offered to existing Comcast subscribers, which could help prop up its pay-TV subscribers. The company lost 487,000 cable TV customers during the first quarter, Comcast reported during earnings on April 25. Peacock subscription plans start at $5.99 per month, though that's increasing to $7.99 per month this summer. Netflix plans start at $6.99 per month, and Apple TV+ costs $9.99 per month.

Persons: Peacock, Max, Comcast's, Brian Roberts, —, Kerry Caufield, Lillian Rizzo, Alex Sherman Organizations: Comcast, Netflix, Apple, Disney, Warner Bros . Discovery, Verizon, CNBC Locations: New York

☆ 11 U.S. cities where you need to earn over $200,000 to buy a typical home
▼ + stars: | 2024-04-09 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

You'll need to earn just over six figures to buy a typical home in the U.S. right now. San Jose is by far the most priciest place to buy a home, even among 10 other metro areas where qualifying income exceeds $200,000. Some of the wealthiest people in the U.S. live in cities like San Jose, San Francisco and Anaheim. In contrast to California's most expensive markets, the qualifying income needed to buy a typical home in the U.S. overall is $103,835. It's even cheaper in the Midwest and the South, where the qualifying income is $74,967 and $95,511, respectively.

Persons: NAR's Organizations: National Association of Realtors, Thousand Oaks, San, Housing Finance Agency, CNBC Locations: U.S, California, San Jose, Jose, Sunnyvale, Santa Clara , California, Anaheim, Santa Ana, Irvine , California, Francisco, Oakland, Hayward , California, Honolulu, Hawaii, Salinas , California, Diego, Carlsbad , California, Oxnard, Ventura , California, San Luis Obispo, Paso Robles , California, Angeles, Long, Glendale , California, Boulder , Colorado, Naples, Marco Island, Florida, San Francisco, Atherton, Midwest

☆ Read Your Way Through the San Francisco Bay Area
▼ + stars: | 2024-03-13 | by ( Leila Mottley | ) www.nytimes.com time to read: +1 min

Read Your Way Around the World is a series exploring the globe through books. The San Francisco Bay Area is anything but a monoculture. Go to San Francisco, hop across the Bay Bridge into Oakland, then head up into Richmond or down to Hayward, and the landscape around you — the people, the food, the particular cadence of walk and talk — will morph. The Bay Area is known for starting shit. The Bay Area is unafraid to be first.

Persons: —, Jack London’s, John Steinbeck’s Locations: San Francisco Bay, San Francisco, Oakland, Richmond, Hayward, John Steinbeck’s Salinas

Kevin Plank, founder of Under Armour, during a CNBC interview on "Mad Money" on Feb. 28, 2018. Under Armour announced on Wednesday that CEO Stephanie Linnartz is stepping down from her role just over a year after she started, and founder Kevin Plank will return as the brand's chief executive. Linnartz took over as Under Armour's CEO in February 2023 after spending nearly 30 years at Marriott International, most recently as its president. Plank will remain a director on Under Armour's board but will hand over the chair position to Mohamed El-Erian, chief economic advisor at Allianz, Pimco's parent company. In a statement, Linnartz said she feels "honored" to have served as Under Armour's CEO.

Persons: Kevin Plank, Armour, Stephanie Linnartz, Linnartz, Plank, Mohamed El, Stephanie Organizations: CNBC, Marriott International, Allianz, Armour's

☆ House GOP’s campaign boss sees Trump boost in pivotal swing districts
▼ + stars: | 2024-03-10 | by ( Manu Raju | ) edition.cnn.com time to read: +9 min

And so I think it’s a net positive.”Even if Trump is convicted of a felony, Hudson predicted it wouldn’t “have an impact” on his candidates in swing districts. There are a limited number of House districts truly at play in the 2024 elections – given many district lines are gerrymandered in a way to protect one party over the other. Democrats have their eyes set on the 17 Biden districts, which will take the race for the House from New York to California. A total of 170 Democrats voted against the legislation, accusing Republicans of exploiting the tragic death of a nursing student in order to score political points. “We’ve pretty much seen the Republicans, especially House Republicans, wait to hear from Trump in terms of deciding whether they even want to move legislation forward.

Persons: Donald Trump, Joe Biden, Trump, Biden, Richard Hudson, “ He’s, Hudson, ”, “ I’ll, Suzan, ” DelBene, “ That’s, Mike Lawler –, –, I’m, Tom Kean Jr, North Carolina –, ” Hudson, “ We’re, “, Riley, Gabe Vasquez, Pat Ryan, Andrea Salinas, Val Hoyle, Oregon, Laken Riley, “ They’re, Roe, Wade, Dobbs, DelBene, … we’ve, Laurie Buckhout, Don Davis, Republican David Valadao –, Mark Harris, Mark Robinson, Harris, Robinson, ” CNN’s Melanie Zanona, Christine Park Organizations: CNN — House Republican, GOP, ”, North Carolina Republican, CNN, Biden, Trump, Republican, Democratic Congressional, “, House Republican Party, Alaska –, Democrats, House, National Republican Congressional Committee, Republicans, House GOP, PAC, Congressional, Fund, Democrat, energize Locations: Washington, New York, United States, New Jersey, Trump, California, Maine, Alaska, Michigan, Louisiana, Alabama, North Carolina, New Mexico, Andrea Salinas of Oregon, Biden’s State

A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Washington on January 25, 2024. The company's 737 program head, Ed Clark, is leaving the company, Stan Deal, CEO of Boeing's commercial airplane unit, said in memo to employees. "Ed departs with my, and our, deepest gratitude for his many significant contributions over nearly 18 years of dedicated service to Boeing," Deal said. A month after the Alaska Airlines flight, Boeing said misdrilled holes on some Max planes would delay handovers of the aircraft to airlines. The door plug that blew out of the almost brand-new 737 Max 9 used for Alaska Airlines Flight 1282 has already brought increased scrutiny and restrictions from federal regulators.

Persons: Max, Ed Clark, Stan Deal, Katie Ringgold, Deal, Elizabeth Lund, Lund, Ed, it's Organizations: Renton Municipal Airport, Boeing, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, Airbus, CNBC PRO Locations: Renton, Renton , Washington, Alaska, United

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