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CNN —The Federal Aviation Administration has published new rules that it calls “the final piece of the puzzle” toward allowing half-helicopter, half-airplane, electric “air taxis” to start whizzing through the skies. “For the last 80 years, we’ve had two types – rotor and fixed wing,” Whitaker said. “We now have a third type.”Known as electric vertical takeoff and landing aircraft, or eVTOLs, the FAA now recognizes the designs as falling under its newly created powered lift category. Joby hopes to bring its aircraft to market by 2025, but it has yet to be certified by the FAA to carry paying passengers. “Delivering the rules ahead of schedule is testament to the dedication, coordination and hard work of the rulemaking team.”
Persons: , Mike Whitaker, we’ve, ” Whitaker, Joby, , Joby’s Organizations: CNN, Federal Aviation Administration, FAA, National Business Aviation Association, Joby Aviation Locations: Las Vegas, California, U.S
Kyiv, Ukraine CNN —In the city of Kherson, southern Ukraine, civilians have started to hope for heavy rain – the only weather conditions that prevent Russian drones from flying overhead, they say. Today, the threat of occupation still looms just across the river, where Russian military positions are literally within sight. Difficult to combatThe frequency of the attacks and the drones’ small size make them difficult for Ukrainian forces to thwart. Russia has been repeatedly accused of targeting Ukrainian civilians by Kyiv, its Western allies, the International Criminal Court and the United Nations. On Monday, an ambulance was hit in a Russian drone strike on an urban area of Kherson, injuring two paramedics.
Persons: , , Tetyana Yakovleva, Yakovleva, Tetyana, ” Yakovleva, ” “, “ It’s, Oleksandr Prokudin, Kateryna Stepanenko, ISW, Stepanenko, ” Stepanenko, Disturbingly, geolocated, can’t, Natalya, ” Natalya, Katy Ling Organizations: Ukraine CNN —, Authorities, CNN, Ukrainian Armed Forces, couldn’t, Institute for, Ukrainian, Kherson Regional Military Administration, Anadolu, Getty, Russian Telegram, Russian, Criminal Court, United Nations Locations: Kyiv, Ukraine, Kherson, Antonivka, Russian, Dnipro, Russia, Washington, DC, Krynky, Ukrainian
"We aren't flashy with our wealth because money isn't our ultimate goal," one said. Gary said they had an "incredibly average" path to wealth, emphasizing prudent investments and modest living. Some stories of people striking it rich and retiring early include unrelatable circumstances, such as family wealth, entrepreneurship, or a superstar career at the top of the corporate ladder. Lawrence Delva-Gonzalez and his wife grew their net worth from $150,000 in debt in 2012 to $1.3 million in 2024. AdvertisementJustin Hall and his wife now live a nomadic lifestyle after retiring early.
Persons: , Anthony Drew Gary, Gary, could've, Xiao Yu, Xiao Yu Yu, It's, Yu, they're, it's, Lawrence Delva, Gonzalez, Delva, Justin Hall Organizations: Service, Indiana, Aldi, Federal, Federal Reserve, Marine Corps, Justin Hall Hall, Air Force Locations: Indianapolis, China, Washington, DC, Port, Prince, Haiti, Tallahassee, Virginia
What if Trump Deported Millions of immigrants?
  + stars: | 2024-10-22 | by ( Emma Goldberg | Chase Castor | ) www.nytimes.com   time to read: +6 min
Northwest Arkansas was last year ranked the 15th fastest-growing region in the country, and much of that population growth was driven by immigrant workers. “It’s a popular selling point to the base to say ‘I’m going to round up five million immigrants,’” said Mr. Quiñones, 35. The influx of immigrants into Northwest Arkansas has given rise to a thriving local ecosystem of businesses. Northwest Arkansas is the 15th fastest-growing region in the country, and much of that population growth is driven by immigrant workers. “We don’t have this thinking that people are being displaced,” Mr. Peacock said.
Persons: Diego Quiñones, Quiñones, Quiñones’s, Donald J, Tyson, Trump, JD Vance, Trump’s, , ’ ”, Chase Castor, , Nelson Peacock, Peacock, . Peacock, Vance, Mr Organizations: Walmart, American Immigration Council, Ozark United FC, U.S, The New York Times, Northwest Arkansas Council, Locations: Bentonville, Ark, United States, Mexico, Arkansas, Northwest Arkansas, Springdale, America, Rogers, Downtown Springdale, Iowa, Ar . Northwest Arkansas, The, Fayetteville, Springfield , Ohio
4 reasons GM is crushing it right now
  + stars: | 2024-10-22 | by ( Benjamin Zhang | ) www.businessinsider.com   time to read: +4 min
GM's profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales. GM's EVs hold a 9.8% share of the US EV market, behind only Tesla. AdvertisementGeneral Motors reported strong third-quarter 2024 profits on Tuesday, topping Wall Street's estimates and helping send shares surging more than 9%. Of those who purchased a GM EV, more than 60% are conquests from other automakers, Barra said. Reuss said GM has eliminated 2,700 unique parts, ranging from seat assemblies to wiring harnesses, from its inventory.
Persons: , Mary Barra, EVs, Barra, Mark Reuss, Reuss Organizations: Motors, US, Service, Detroit, GM, Chevrolet Traverse, GMC Acadia, Consumers, General Motors, EV, Tesla Locations: China
Planning the local stops now can be as labor-intensive for campaign staff as putting on a full event, the sources said. The limitations on local stops is the new reality as both candidates race across battleground states in what polling has shown to be a contest that hangs within the margin of error. “In order to maintain operational security, the U.S. Secret Service does not discuss the specific means and methods used to conduct its protective operations. However, in this increased threat environment, the Secret Service is constantly adjusting our protective posture to ensure the highest levels of protection at all times and in all places,” U.S. Secret Service spokesperson Special Agent Matt Young said in a statement to NBC News. The McDonald's was closed for normal business, and the cars that went through the drive-thru were pre-selected and screened by Secret Service in advance.
Persons: Kamala Harris, Donald Trump’s, they’ve, , Harris, typify, Matt Young, , Trump, Sen, JD Vance, Ohio, ” Vance, That’s, Vance, he’ll, Joe Biden, Charlemagne Tha God Organizations: Secret Service, Trump, Secret, NBC News, Service, bodega, Fox Locations: U.S, Butler , Pennsylvania, Harlem, Pennsylvania, Williamsport , Pennsylvania, Michigan, Detroit
Dunedin Airport has limited farewell hugs to three minutes at its dropoff zone. Dan De Bono, Dunedin Airport's chief executive, said the new rule had caused some controversy. Dunedin Airport in New Zealand's South Island erected a sign reading: "Max hug time three minutes. According to its 2023 annual report, Dunedin Airport was the fifth-busiest airport in New Zealand, with 920,349 passengers that year. Last year, parking revenue at Columbia was 20% higher than airline revenue, the publication said.
Persons: Dan De Bono, , Max, Dan de Bono, Bono, De Bono, Kim Crafton, Atlanta's, Rod Dennis Organizations: Dunedin Airport, New, Dunedin Airport's, Service, Dunedin, Radio New Zealand, Columbia Metropolitan Airport, Wall Street Journal, Columbia, The Times, Stansted —, Atlanta's Hartsfield, Jackson, Dubai International, RAC Locations: Dunedin, New Zealand, New, South Carolina, Heathrow, Gatwick, Manchester, Dubai
American consumers and businesses are having a hard time paying off credit card, auto, and commercial real estate debt. Bank CEOs said on recent earnings calls that elevated prices and interest rates continue to weigh on Americans. According to Federal Reserve data, the past-due debt share for credit card, auto, and commercial real estate has recently risen to above pre-pandemic levels. That's because some loans are coming due — forcing businesses to refinance at much higher interest rates. The financial roller coaster of pandemic payments, whipsawing inflation, and high interest rates are especially affecting lower-income Americans.
Persons: , Wells Fargo's, haven't, Bruce McClary, David Schiff, Schiff, Edmunds, Stephen Biggar, Biggar, Jane Fraser, Brian Moynihan, Charles Scharf, Wells, Jeremy Barnum, There's, I'm Organizations: Bank, Service, Federal Reserve, Business, Bank of America, JPMorgan, Citigroup, Bank of, New, Fed, National Foundation, Credit, Argus Research, Bank of America's Locations: Wells Fargo, delinquencies
The retired elementary teachers, originally from Syracuse, New York, resolved to leave the US and move to Italy for good. Memorable tripUS couple Tony and Francine Smarrelli, both of Italian descent, relocated to Italy in December 2023. Other plus points included the superb restaurants (cheaper than in the States) and the friendliness of the people, say the couple. According to Tony, his father and grandfather migrated from Italy to the US in 1938 to make a better life for themselves. Lifestyle changeThe couple have found life in Italy to be far cheaper, and say that their monthly expenses are significantly reduced.
Persons: Tony Smarrelli, Francine, Tony, Francine Smarrelli, Mark’s, , ’ ” Tony, , expats, hadn’t, Cooper, He’d, Scalea, he’s Organizations: CNN, Eastern Seaboard, , Pinehurst, Country Club Locations: Venice, Italy, Syracuse , New York, Scalea, Italian, Calabria, St, Tocco, Abruzzo, Naples, American, South California, Syracuse, Pinehurst , North Carolina, “ Southern Italy
Former President Donald Trump served up french fries Sunday at a Philadelphia-area McDonald’s, oversalting spuds and peppering in some jabs at Vice President Kamala Harris. Without evidence, Trump has accused Harris of lying about the experience as a way to improve her working-class credibility. “It was a big part of her resume that she worked at McDonald’s — how tough a job it was,” Trump said at the restaurant in Feasterville, Pennsylvania. “I wouldn’t mind this job,” Trump said. She gave them one french fry for 30 reporters.”Toward the end of his appearance, Trump was informed it was Harris' 60th birthday.
Persons: Donald Trump, oversalting, Kamala Harris, Harris, Trump, ” Trump, , ’ She’s, ” Harris, Ian Sams, ” Sams, NBC News Trump, fryer, , “ Trump, , ” Donald Trump, Win McNamee, Derek Giacomantonio, I’ll Organizations: NBC News, Howard University, Clemson Tigers, Trump marveled, Sunday, NBC, , Trump Locations: Philadelphia, Feasterville , Pennsylvania, McDonald’s, Alameda , California, Burger, Feasterville, Pa
Kamala Harris may have had to talk over a combative Fox News interviewer last week, but on "Saturday Night Live" she was seen. Harris in an interview that aired Wednesday faced Fox News anchor Bret Baier in an appearance in which both talked over each other. In the comedic reality of "Saturday Night Live," Harris, portrayed by Maya Rudolph, used her time to reach out to younger voters on TikTok. “He can dance all he wants to YMCA or to any other song he doesn’t realize is a gay anthem,” Rudolph’s Harris said. Michael Keaton, who returned to dark comedy in the "Beetlejuice" sequel, "Beetlejuice Beetlejuice," hosted.
Persons: Kamala Harris, Donald Trump, Harris, Bret Baier, Baier, Alec Baldwin, Maya Rudolph, James Austin Johnson, Johnson's Trump, Trump, Dana Carvey, Biden, Juh, ” Rudolph’s Harris, Michael Keaton, Billy Eilish Organizations: Fox, Fox News, Wednesday, SNL, Trump, America, YMCA, NBC, NBC News Locations: TikTok, Broad, Coachella , California, Oaks, Pennsylvania, NBCUniversal
As recently as 2005, more than half of all automobiles on the road were painted a color other than black, white, silver, or gray. Today, less than 20% of vehicles listed in our database of 1.7 million cars are a color other than black, white, silver, or gray. "Simplifying the production process — with fewer trim options and fewer paint options — is always going to be a winner." Today, car colors are going the way of checked airline bags — you pay extra for something you used to get free. Offering fewer options to average car buyers — and more to the wealthy — enables automakers to bask in the color they care about most: green.
Persons: carmakers, Ivan Drury, Edmunds, Drury, Mark Healy, Andrew Thompson, Dan DeLorenzo, Kim Nguyen, Randy Yeip Organizations: GM, Chrysler, Flipturn Creative Studios
First, higher interest rates will reward savers, making it more expensive to take risks. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt.
Persons: Josh Hirt, Silas Myers, Myers, Hirt, you've, Joe Quinlan, they'll, Quinlan Organizations: Investors, Vanguard, Mar Vista Investments, Federal Reserve, Capital, . Venture, Nasdaq, Bank of America, Big Tech, Federal Trade Commission, Treasury, European Union, Aerospace Locations: Washington, China, Unemployment, Europe, America, Japan, United States
How we crunched the numbers
  + stars: | 2024-10-20 | by ( Mark Healy | Andrew Thompson | ) www.businessinsider.com   time to read: +1 min
To assemble our database, we looked at all 1.7 million car listings on cargurus.com from August 2 to December 16, 2023. To weed out anomalies, we considered only counties with at least 400 car listings, and only car models that appeared at least 400 times nationally. (In calculating political popularity, we included models that appeared at least 250 times nationally.) Cars were included in a county's listings if they appeared in a ZIP code associated with that county. We then placed car models in those counties on a political spectrum of reddest (-1) to bluest (+1).
Persons: Donald Trump, Joe Biden, Mark Healy, Andrew Thompson Organizations: Middlesex, Flipturn Creative Studios Locations: Massachusetts, Suffolk
The United States of Automobiles
  + stars: | 2024-10-20 | by ( Mark Healy | Andrew Thompson | ) www.businessinsider.com   time to read: +2 min
More than any other technology, the automobile has shaped America's economy, infrastructure, climate, culture, and identity. To provide a comprehensive road map of America's automotive psyche, Business Insider took a close look at what's actually on the road today. Combing through 1.7 million listings on CarGurus, we analyzed thousands of makes and models in three key areas: geographic location, political preference, and color. And why does it seem as if every vehicle on the road today is either white, black, or gray? By entering your own vehicle and town, you can compare what you drive with the makes and models favored by the rest of the country.
Persons: Lyndon, Johnson, Mark Healy, Andrew Thompson Organizations: Republican, Democratic, Flipturn Creative Studios
Al Pacino went from a $50 million fortune to almost nothing in the bank, he revealed in a new book. The "Scarface" actor spent too much, ignored his finances, and had an accountant who ultimately went to prison. AdvertisementAl Pacino went from $50 million to broke by spending too much, ignoring his finances, and using an accountant who ultimately went to jail for fraud. In a scene somewhat reminiscent of a mob movie, Pacino set up a meeting with the studio's boss and asked him to back down. "I had $50 million, and then I had nothing.
Persons: Al Pacino, Pacino, Adam Sandler, , who've, Sonny Boy, they'd, Donnie Brasco, he'd, there's, Al's, Jack, Jill, Michael Jackson, Mike Tyson, Diego Maradona, Dennis Rodman, Charles Barkley, Shay Shay, Louis Vuitton, Dior Organizations: Service, MGM Studios, MGM, New Yorker Locations: Europe
Roswell, New Mexico flash flooding leaves 1 dead
  + stars: | 2024-10-20 | by ( Alaa Elassar | ) edition.cnn.com   time to read: +3 min
CNN —At least one person has died and hundreds have been rescued in Roswell, New Mexico, after extreme overnight rainfall brought severe flooding, stranding motorists and sweeping away cars. The New Mexico National Guard and other agencies have rescued at least 290 people, including 38 who were taken to hospitals, the agency confirmed in a statement. The National Weather Service declared an overnight flash flood emergency for Roswell and nearby areas, as emergency management within Chaves County reported numerous water rescues. “We feel for the New Mexicans affected by this latest flooding in our state,” said Maj. Gen. Miguel Aguilar, the New Mexico National Guard’s Adjutant General. “Because of the previous flooding in Ruidoso, we have the experience and were ready for this.
Persons: Roswell, Mike Herrington, Herrington, , Miguel Aguilar, We’ve Organizations: CNN, New Mexico National Guard, National Weather Service, New, New Mexico National, National Guard Locations: Roswell , New Mexico, Roswell, Chaves County, New Mexico, Ruidoso
Speaking at an America PAC event in Harrisburg, Pennsylvania, Musk said, "I have a surprise for you," adding that the prize money is available "every day from now until the election." "How Pennsylvania goes I think is how the election goes," Musk said. The deadline to sign the petition is Monday night, which is the day Pennsylvania's voter registration closes. "We get crazy things," Musk said, "like SpaceX got fined $140,000 for dumping potable drinking water on the ground at Starbase." Musk only mentioned Trump sparingly throughout the evening, and didn't discuss his policies or record as president in any detail.
Persons: Elon Musk, Donald Trump, Rachel Wisniewski, Reuters Elon Musk, Musk, John Dreher, Rick Hasen, Hasen, NBC's, Josh Shapiro, Biden, Kamala Harris, Kamala, I'm, Trump, he's, Chandan Khanna, Tesla, It's, didn't Organizations: PAC Town Hall, Reuters, Trump, America PAC, SpaceX, Republican, NBC, CNBC, Pennsylvania Democratic Gov, Federal Communications Commission, Environmental Protection Agency, Federal Aviation Administration, National Oceanic, Atmospheric Administration Fisheries, SpaceX Falcon, Clipper, Kennedy Space Center, Afp, Getty, NOAA Fisheries, White Locations: Folsom , Pennsylvania, U.S, Harrisburg , Pennsylvania, Pennsylvania, Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Harrisburg, Starbase, Boca Chica , Texas, Florida
Lando Norris used his tire delta to navigate to third place late past Max Verstappen, who complained about his tires multiple times during the race. The stewards are investigating 👀#F1 #USGP pic.twitter.com/oDmpRvOYDM — Formula 1 (@F1) October 20, 2024Leclerc, Sainz, and Verstappen rounded out the podium, widening Verstappen’s lead in the drivers’ championship. Lando Norris started on pole but didn’t hold the lead after passing the massive American flag at Turn 1. Norris’ penalty was costly in the bigger picture of the drivers’ championship fight. Ferrari is now just eight points back of Red Bull for second place, while McLaren leads the championship by 40 points.
Persons: Charles Leclerc, Carlos Sainz, Lando Norris, Max Verstappen, Norris, Verstappen, Red Bull, McLaren, he's, hasn't, 👀#, egan, ando, ince, rix, ravel, hough Organizations: Tire, Lone Star State, United States, Prix, McLaren, , ust, eads Locations: AUSTIN , Texas
My Verdict: The Envista is a new Buick for a new generation of buyers; a true hidden gem in a sea of crossover SUVs. The 2024 Buick Envista Sport Touring SUV. Benjamin Zhang/Business InsiderI genuinely didn't know what to expect when Buick dropped off my Envista test car. But what's most astonishing about the Envista is that Buick has delivered this in such an affordable package. With a starting price of just $22,400, the Envista isn't just cheap for a Buick; it's one of the most affordable cars on sale in the US.
Persons: Benjamin Zhang, it's Organizations: Buick Locations: Korea
CNN —Millions of Cubans remained without power for a third day in a row Sunday after fresh attempts to restore electricity failed overnightThe Cuban Electrical Union said about 16% of the country had had power restored when the aging energy grid again overloaded late Saturday. Cuba’s first island-wide blackout happened on Friday, when one of the country’s major power plants failed, according to the energy ministry. Hours after officials said power was being slowly restored, the country suffered a second nationwide blackout on Saturday morning. The country’s health minister, José Angel Portal Miranda, said Friday on X that the country’s health facilities were running on generators and that health workers continued to provide vital services. Reuters reporters witnessed two small protests overnight into Sunday, while videos of protests elsewhere in the capital have also surfaced.
Persons: Manuel Marrero Cruz, , Angel, Miranda, CNN’s Mia Alberti, Calderón, Gerardo Lemos Organizations: CNN, Cuban Electrical Union, Cuban Locations: Cuba, Havana, Venezuela, Russia, Mexico
But when you delve deeper into our database of 1.7 million car listings, all sorts of geographic quirks emerge. Yet in and around the state capital of Jackson, where per capita income exceeds the national average, five of the 10 most popular cars are Mercedes-Benzes. In Rutherford County, Tennessee, where the nearby Nissan plant cranks out 2,500 vehicles a day, four of the 10 most popular cars are Nissans. Nine of the 10 most popular cars in Spartanburg, South Carolina, are foreign — yet not a single one of them is a BMW, whose nearby plant employs 100,000 people. And in Alameda County, California, whose Fremont plant turns out most of the country's Teslas, not a single one of the 10 favorite vehicles is a Tesla.
Persons: Marin, Fremont, Elon Musk Organizations: Montana ., Jeep, Toyota, Nissan, Ford, Cadillac, BMW, Elon, Toyota Prius, VW Locations: Vermont, Montana, Arizona, California, Los Angeles, Orange, Mississippi, Jackson, San Diego, Santa Barbara, San Luis Obispo, Monterey, Santa Clara, Alameda, Rutherford County , Tennessee, Dearborn , Michigan, Michigan, Wexford, Cadillac, Spartanburg , South Carolina, Alameda County , California
But consciously or unconsciously, no consumer choice says "us vs. them" more than what car we choose to drive. The most Republican vehicle in America? The Jeep Wrangler. It began with the Jeep Wrangler, the brand's most iconic model. How purple is your car brand?
Persons: Donald Trump, Joe Biden, Trump, Biden, MAGA, Ivan Drury, Edmunds, Jeep, Dave Kelleher, Kelleher, they've, Lincoln, Mark Healy, Nora Naughton, BI's, Andrew Thompson Organizations: Republican, Democratic, Toyota, VW, Republicans, Army, Stellantis, Jeep, Wrangler, Toledo Jeep Fest, Flipturn Creative Studios Locations: America, Hoofddorp , Netherlands, Pennsylvania, Moab, Appalachia
A woman boils water while another lights her with a mobile phone during a nationwide blackout in Matanzas, Cuba, on Oct. 18, 2024. Cars drive through a dark street, in Havana, on Oct. 18, 2024. He blamed the U.S. embargo on Cuba for the lack of fuel and hard currency it needs. Over one million people, or 10% of Cuba’s population, have fled the island between 2022 and 2023, according to the country’s national statistics office. Orlando Matos reported from Havana and Carmen Sesin reported from Miami.
Persons: Antonio Levi, Nick Kaiser, Miguel Díaz, Canel, Bruno Rodríguez, Adalberto Roque, Donald Trump’s, Orlando Matos, Carmen Sesin Organizations: Electric, Getty, Antonio Locations: Cuba, State, Havana, Matanzas , Cuba, AFP, night’s, U.S, Venezuela, Russia, Mexico, Miami
At Starbucks, Niccol inherits a company that under previous leadership consistently disappointed investors with weakening sales, including back-to-back periods of negative same-store sales growth this year. Operations Upon taking over Chipotle, Niccol's focus was on improving operations after the rise of digital orders complicated execution and increased wait times. The addition of shelves alone accelerated the use of Chipotle's second "make line," where digital orders are prepared in the back of the store. To rebuild consumer trust at Chipotle, Chipotle launched the "Behind the Foil" campaign to showcase transparency in food preparation. His marketing approach "brought new news in a positive way toward Chipotle," Silberman said.
Persons: Brian Niccol's, Brian Niccol, Jim Cramer, Laxman Narasimhan, Niccol, Chipotle, Howard Schultz, Narasimhan, Schultz, Jefferies, Andy Barish, Barish, Lauren Silberman, Silberman, Rachel Ruggeri, there's, It's, Carne Asada, Queso Blanco, Chipotle's, Deutsche Bank's Silberman, hasn't, Tressie Lieberman, Lieberman, Jim Cramer's, Jim, Adam Jeffery Organizations: Starbucks, CNBC, Street, North America, Deutsche Bank ., Deutsche, Taco, Yum Brands, Yahoo, LinkedIn, Starbucks Workers Locations: Chipotle, Niccol, China, U.S, Denver, Michigan, Maine
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