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Read previewLeo Kryss sold Jeff Bezos a $79 million Miami mansion. Kryss, the cofounder of Brazilian toy company Tectoy, had listed his seven-bedroom mansion on Indian Creek Island, Miami, for $85 million in May 2023, Business Insider previously reported. After Kryss sold his mansion for $79 million — $6 million below its list price — he learned that the buyer was, in fact, connected to Bezos. Kryss is suing Douglas Elliman, which received a commission of over $3 million for handling the property sale. Bezos owns three properties on the island, with the latest purchased in April for $90 million.
Persons: , Leo Kryss, Jeff Bezos, Kryss, Bezos, Jay Parker, Douglas Elliman, Douglas Elliman's Parker, Benny Klepach, Celine, Celine Klepach, Danny Hertzberg, Tom Brady, Jared Kushner Organizations: Service, Wall, Business, Wall Street Journal, Miami, Elliman, Coldwell Banker, Zillow, BI Locations: Miami, Florida, Dade County, Indian, Biscayne
The Swedish automaker said it now aims for between 90% and 100% of its car sales to be fully electric or plug-in hybrid models by 2030. "I think a lot of manufacturers are obviously going through this process [of delaying electrification targets] at the moment. The U.K., for instance, introduced a mandate that requires 22% of new car sales this year to be zero-emission vehicles (ZEVs). The mandate, which aims to reduce the number of polluting vehicles on the road, will rise annually until it reaches 100% of new car sales by 2035. A Volkswagen ID4 electric car charges at a charging station in a parking lot at Autostadt Wolfsburg.
Persons: Brandon Bell, Tim Urquhart, CNBC's, we're, Urquhart, carmaker, BEV, , it's, Rico Luman Organizations: Volvo, Hill, Getty, Wednesday, Volkswagen, Ford, Benz Group, P Global Mobility, Volvo Cars, Autostadt Wolfsburg, Volkswagen AG, BEVs, European, ING Locations: Austin , Texas, China, Swedish, Europe
Bank of America sees yet another tailwind for utilities: The sector is a way to play falling interest rates. To that end, CNBC Pro used FactSet data to screen the S & P 1500 utilities sector, looking for companies that meet the following criteria. A total return – the stock price plus the value of reinvested dividends – of at least 10% in 2024. The stock offers a dividend yield of 3.0% and has a 2024 total return of nearly 23%. Year to date, the stock has a total return of nearly 38%, and it offers a dividend yield of 2.5%.
Persons: Savita Subramanian, Garrick Rochow, Morgan Stanley, David Arcaro, Diego's, , Fred Imbert Organizations: Constellation Energy, NRG Energy, Mizuho Securities, Bank of America, Utilities, Real, CNBC Pro, Street, CMS Energy, Consumers Energy, CMS, NextEra, Management, Google, CNBC, PPL Locations: Jackson, Michigan, , Florida, 1Q24, Allentown, Penn
Read previewWe're getting closer to a cure for range anxiety, so why don't more people want an EV? This dip in demand is reflected in a stagnation in EV sales growth over the past year as companies adjust to a new crop of more practical green-car shoppers. Battery-powered cars accounted for a record 7.6% of all car sales in 2023, according to Kelley Blue Book, up from 5.9% in 2022. Affordability is also a key issue for today's electric car shoppers, an issue the industry has tried to address with lower sticker prices. But EV shoppers have found a new cost to angst over.
Persons: , EY, Marc Coltelli, Kelley, EVs, it's, Power, Raman Ram Organizations: Service, Business, Power, Utilities, Industry, EV, Pew Research, Department of Energy, Americas Aerospace, Defense Locations: Americas
The company just announced what's next for all three of its AirPod models: the AirPods, AirPods Pro 2, and AirPods Max. Apple AirPods (4th Gen) Apple's latest generation of AirPods features a new design to optimize comfort for wearers of every kind. Check price at AppleApple AirPods with Active Noise Cancellation Apple's base AirPods now come with Active Noise Cancellation (ANC) without the use of in-ear tips. Check price at AppleApple AirPods with Active Noise Cancellation Apple's base AirPods now come with Active Noise Cancellation (ANC) without the use of in-ear tips. Check price at AppleApple AirPods 4th Generation and AirPods Max specs
Persons: what's, AirPods Max, Max, Apple AirPods, AirPods, Siri, Apple AirPods Max Organizations: Business, ANC, Apple, Apple Apple, AirPods, Pro, FDA
Washington CNN —Former President Donald Trump and Republican vice presidential nominee Sen. JD Vance continue to falsely describe how one of their major policy proposals, across-the-board tariffs, would work. Trump has falsely, and repeatedly, claimed that China – not US importers – pay the tariff. Facts First: Trump and Vance’s claims about how tariffs work are false. Together, the price increases cost consumers more than $1.5 billion during the first year the tariffs were in place. It’s true that after Trump imposed tariffs on foreign-made steel, some American steel companies reopened mills and created new jobs.
Persons: Donald Trump, Sen, JD Vance, Trump, Kamala Harris, ” Trump, , ” Vance, ” “, , Erica York, Joe Biden, Rick Muskat, Howard Gleckman, Jeff Ferry, Ferry Organizations: Washington CNN, Republican, Democratic, Fox News, Trump, Tax, US, US International Trade Commission, US Treasury, US Customs, Protection, Deer Stags, CNN, Brookings Tax, Coalition for, Prosperous, Tax Foundation, China Business Locations: China, Arizona, Wisconsin, American, United States, South Korea, Mexico, Prosperous America
Learn moreApple officially announced the Apple Watch Series 10 and a design update to the Apple Watch Ultra 2 during its "Glowtime" event on September 9. AdvertisementThe Apple Watch Series 10 and the refreshed Apple Watch Ultra 2 are available to preorder now from Apple's website. AdvertisementApple Watch Series 10: New featuresThe Apple Watch Series 10 contains a range of upgrades. AppleThe Apple Watch Series 10 is available in a larger size than the Apple Watch Ultra 2, with 30% more screen area than the previous generation Series 9. AppleAll Apple Watch Series 10 models run on Apple's new S10 processor to support new features, like suppressing background noise during a phone call.
Persons: Slate, Apple, There's Organizations: Business, Apple, Apple Watch
Both the iPhone 16 and the iPhone 16 Pro will be available for pre-order on Friday and in stores on September 20, Apple announced. They’re also available in two sizes: 6.1 inches for the iPhone 16 and 6.7 inches for iPhone 16 Plus. IPhone 16 ProThe new iPhone 16 Pro. From AppleThe iPhone 16 Pro, Apple’s higher-end iPhone, features even more AI features than the iPhone 16. Price: The new Apple iPhone 16 Pro will cost $999 and the iPhone 16 Pro Max will be $1,199, the company announced Monday.
Persons: Dan Ives, Wedbush, haven’t, Apple, ” Craig Federighi, Siri, Erica, ultramarine, Max, AirPods Organizations: CNN, Apple, Apple Watch, Apple Apple, Apple Intelligence, Pro, US Food and Drug Administration, Apple Watch Apple
The long-awaited Google-DOJ showdown focuses on the $31 billion portion of Google’s ad business that matches website publishers with advertisers. “One monopoly is bad enough, but a trifecta of monopolies is what we have here,” said Wood, the DOJ attorney, referring to Google’s publisher ad server business, its advertising exchange AdX, and its advertiser ad network. Authorities have called for that group of businesses within Google — which is distinct from Google’s search or search ads business — to be broken up. Factoring in those other sources of competition drops Google’s share of the ad exchange market from 34% to 17%, said Dunn, Google’s attorney. Still, a breakup of Google’s ad tech business could potentially trigger a shakeup of the digital advertising industry and Google’s role within it.
Persons: , ” Julia Tarver Wood, Leonie Brinkema, , , Karen Dunn, Google’s, Kamala Harris, Donald Trump, Albert V, Alex Wong, Tim Wolfe, DOJ’s, Wood, ” Wood, Trump, Dunn, Google, Clinton, Brinkema, Neal Mohan, ” It’s Organizations: CNN, Google, US Department of Justice, DOJ, Biden, Blockbuster, Justice Department, Bryan United, Courthouse, The Justice, Gannett, USA, Army, Authorities, Meta, Microsoft, Netflix, Big Tech, Court, Eastern, of, Justice, Comcast, Disney, The New York Times, YouTube Locations: Virginia, Google’s, Alexandria , Virginia, of Virginia
But for few has its pursuit been more complicated than for the elite career women Byars strives to help. AdvertisementWhen she finally felt ready to go back to corporate life, she looked for a more sustainable way to pursue professional success. The issue with high-achieving women, Byars says, is they focus on meeting only two of those needs — security (money) and esteem — while neglecting the rest. When the clients cry, it's mostly related to the need Byars says is the trickiest to meet: esteem. But if you're a woman with four kids and a senior-level corporate job, is there really any amount of mindset shifting you can do to avoid burnout?
Persons: Erin, She's, I've, Erin needn't, They've, Kathleen Byars, Byars, Kate, there's, Mary Kay, Scott, , Ali, she's, that's, Erin interjects, Let's, I'm, They're, they're, she'll, Kiersten, We're, it's, It's, LeAnn Rimes, isn't, Erin's, strum, Aki Ito Organizations: Virgin, Goodlife Institute, CWU, Habitat, Humanity, BI, Business Locations: Nashville, I'm, Dallas, Chile, CWU, Byars
That’s because frequent flyer programs have become a crucial part of the airline industry’s profitability. The typical airline passenger probably never thinks about the economics of frequent flyer programs, but the programs have become crucial for airlines to generate the profits needed to stay afloat. United reported a mere $3.2 billion on its other operating line that came primarily on payments to its frequent flyer program. “The airlines’ frequent flyer programs are their lifeblood; they’re the reason the airlines are in business,” said Zach Griff, senior aviation reporter for The Points Guy, a travel site that closely follows the programs. But it’s probably inaccurate to say frequent flyer programs are more valuable than the airlines themselves since actual flights give the programs their intrinsic value, said Andrew Didora, airline analyst with Bank of America.
Persons: cardholders, , Zach Griff, Tom Fitzgerald, TD Cowen, , it’s, Pete Buttigieg, Scott Kirby, Griff, Guy, Andrew Didora, Didora, “ They’re, ” Didora Organizations: New, New York CNN, Delta Air Lines, American Express, American Airlines, Delta, Department of Transportation, United, Airlines, America, Bank of America Locations: New York
As they got older, I would give them a packing list and we'd pack things together. Our hotels were booked, but we had to figure out activities, meals, and transportation. In Japan, for example, my son went shopping one afternoon, so I visited some temples. My younger son went fishing at the resort, my older son went shopping with some friends he met, and I went SUP. Who knew traveling with teens could be so much fun?
Persons: , it's, I'd, I'm Organizations: Service, Business Locations: naps, Japan, Korea, Fiji
There are currently a handful of electric trucks for purchase in the U.S. market: the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors' GMC Hummer EV, GMC Sierra Denali and Chevrolet Silverado. The GMC Hummer and Rivian also have SUV versions, which feature similar functions as their pickup counterparts but in different forms. The SUV version is smaller and more manageable to drive than the pickup truck version. When the F-150 Lightning hit the market, it was the first "mainstream" electric truck. An electric Ford F-150 next to a Tesla Cybertruck in front of Ford's world headquarters on Aug. 27, 2024 in Dearborn, Mich. Michael Wayland / CNBC
Persons: Michael Wayland, CNBC DETROIT – Tesla, Stephanie Brinley, it's, Stephanie Valdez Streaty, Tesla, Ford, Rivian R1T, Rivian, Kelley, Sierra EVs Organizations: GMC, Denali, Tesla, Ford, CNBC DETROIT, Motors, Rivian Automotive, P Global Mobility, Cox Automotive, General Motors, GMC Hummer EV, GMC Sierra Denali, Chevrolet Silverado, Motor Intelligence, Renaissance Center, CNBC, GM, U.S . Environmental Protection Agency, Cruise, Silverado, GMC Sierra GM's, DC, Chevrolet, Sierra Locations: U.S, Detroit, Dearborn, Mich
The lecture was part of an event series in New York City called "Lectures on Tap," which invites working adults to attend interesting lectures in bars. They were particularly fond of an event series called "Profs and Pints," in which college professors gave lectures in bars. To fill the gap, they decided to launch their own event series, which they called "Lectures on Tap." Felecia and Tyrone Freely, the organizers of NYC's "Lectures on Tap" event series. "They think 'Lectures on Tap' is the perfect place to meet a partner," she said.
Persons: , Jason Wright, Dyson, Amanda Firine, Tyrone, Felecia, Zs, millennials, Alan Huse Organizations: Service, Brooklyn , Pennsylvania State University, Business, Columbia University, TED, Firine Locations: Brooklyn ,, New York City, Tyrone, Washington , DC, New York
Andy Lipow, president of consulting firm Lipow Oil Associates, expects that another nine states will join the sub-$3 list in the next two weeks. “Gas prices, after two-plus years of sizzling because of outside factors like Covid and Russia, are finally coming back into balance,” said De Haan. The accelerating drop in gas prices should help ease financial pressure on consumers and contribute to the cooling inflation rate. Some economists say gas prices will likely be a deciding factor, and lower prices will favor the current administration. ‘Panic and fear’ at OPECAnalysts told CNN that this trend of lower gas prices is likely to continue, despite the shift in strategy from OPEC+.
Persons: Andy Lipow, Patrick De Haan, , De Haan, Kamala Harris, , ” Lipow, Bob McNally, McNally, George W, Bush, Trump, We’re, ” Trump, Tom Kloza, Kamala Harris ’, CNN’s Chris Isidore Organizations: New, New York CNN, AAA, Drivers, Lipow Oil Associates, CNN, , Federal Reserve, OPEC Analysts, Rapidan Energy Group, OPEC, Trump, Oil Price Information Service Locations: New York, Texas , Kentucky, Kansas, OPIS, Russia, Arizona, Nevada, Georgia, OPEC, China, United States, Saudi Arabia, Ukraine, America
Parents, put down your phones (sometimes)
  + stars: | 2024-09-06 | by ( Dr. Katie Hurley | ) edition.cnn.com   time to read: +7 min
As a therapist who works with teenagers, I routinely hear from clients that their parents consistently criticize kids’ phone use but don’t curb their own use. Parents often tell me the same thing — their kids are glued to their phones and don’t listen when they try to engage them. And when parents feel rejected, they also turn their attention to their phones. I tell parents and kids alike that everyone needs to make changes in their technology habits to restore positive communication and trust. Keeping phones out of the bedroom is a common rule among parents of tweens and teens, yet this rule doesn’t often apply to the parents (guilty as charged).
Persons: Katie Hurley, Strong, “ Fiona McPhee, , can’t, MoMo, tweens, it’s, , It’s Organizations: CNN
Check out the companies making headlines in premarket trading: C3.ai — The technology stock tumbled 19.2% after posting weaker-than-expected subscription revenue during the company's fiscal first quarter. C3.ai posted $73.5 million for the top line, while analysts polled by FactSet had penciled in $79.2 million. JetBlue said to expect somewhere between a loss of 2.5% and a gain of 1% relative to the same period a year ago. Verint earned an adjusted 49 cents per share on $210 million in revenue, while analysts surveyed by LSEG had anticipated 53 cents in earnings per share and $213 million in revenue. The company also announced it would be cutting 15% of its workforce and guided for fiscal third-quarter revenue much below analysts' forecasts.
Persons: FactSet, Tesla, Topgolf Callaway, Topgolf, Verint, LSEG, ChargePoint, Copart, Dick's, StoneCo, Morgan Stanley, , Samantha Subin, Lisa Han, Sarah Min Organizations: Verizon, Frontier Communications, Frontier, JetBlue —, JetBlue, Callaway, Hewlett Packard Enterprise, Systems, Management, Dick's, Goods, JPMorgan Locations: Europe, China
G-III Apparel Group — Shares surged 22% after the apparel maker posted second-quarter results that topped estimates. Adjusted earnings of 52 cents per share beat the 27 cents a share that analysts expected, according to FactSet. Hewlett Packard Enterprise — Shares dropped 6% after Hewlett Packard Enterprise saw gross margins decline from a year ago. In its fiscal first quarter, C3.ai saw $73.5 million in revenue, lower than the $79.2 million forecast by analysts polled by FactSet. In its fiscal third quarter, Toro posted adjusted earnings of $1.18 per share on revenue of $1.16 billion.
Persons: FactSet, ChargePoint, LSEG, Verint, Steven Cahall, Tesla, Zimmer Biomet, McKesson, Toro, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li, Pia Singh Organizations: JetBlue Airways, JetBlue, III, Hewlett Packard Enterprise, Hewlett, Enterprise, Frontier Communications, Verizon Communications —, Verizon, Casey's, Verint Systems, Technology, , Old Dominion, Old Dominion Freight, Toro Locations: New York, FactSet, Wells Fargo, Europe, China, Wells
Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric vehicle sales by 2030. Volvo Cars shares were 3.2% higher in early afternoon deals following a 10% decline so far this week. Numerous automakers have reported challenges related to the electric vehicle transition, particularly from underwhelming demand. Volvo Cars also announced Thursday that it was extending its partnership with U.S. chip giant Nvidia as it develops features including advanced driving assistance and autonomous driving. In July, the firm reported record quarterly operating profit of 8.2 billion Swedish kronor.
Persons: China's Geely Organizations: Volvo, China's, European Union, Volvo Cars, U.S, Nvidia, EV Locations: Shanghai, China, Swedish, U.S, Gothenburg, Sweden, Europe
The previous indictment, which clocked in at 45 pages, had included what the US Supreme Court says is the kind of official-act evidence that can no longer be used in prosecuting presidents. The replacement indictment — which uses the same font and spans 36 pages — removes references to Trump's presidential acts with surgical precision, said Michael Bachner, a former Manhattan prosecutor and frequent commentator on Trump's legal travails. But in the new indictment, it's Trump the 2020 presidential candidate, not Trump the former president, who is charged. AdvertisementIn refiling his indictment, Smith was smart to convene a new grand jury rather than re-submit the case to the original panel. Still, the new indictment doesn't guarantee that judges won't throw out the case before it ever reaches a jury.
Persons: , Donald Trump's, Jack Smith, Michael Bachner, it's Trump, Trump, Smith, Candidate Trump, Jeffrey Clark, Bachner, Joe Biden, Trevor Morrison, Morrison, it's, Judge Chutkan, Jack, I'm, Hunt Organizations: Service, Business, Trump, Department, Bachner, Associates, DOJ, NYU, DC Circuit, Democracy Locations: Manhattan, Washington
Lam aims to change that with NEX, which develops AI image tools for entertainment, gaming, and marketing. Founded in late 2023, the company recently raised a $3.5 million seed round led by Foundation Capital, with participation from Point72 Ventures. NEX does this by enabling users to generate images inspired by other images, not just text inputs, in a "real-time canvas." The startup's tech can also tailor the AI models based on a customer's existing data, a process called finetuning, or even develop models from scratch. Lam's vision for NEX is to be the "visual media tool for the AI era."
Persons: , Darius Lam, Lam, NEX Ikon, NEX, OpenAI's Organizations: Service, Business, Foundation Capital, Point72 Ventures, NEX, Cerebras Systems, Adobe, Autodesk
One host previously told BI he was charging $400. Travel experts say hosts have a lot to answer for in Airbnb's downfall. "Airbnb essentially allows anyone to sign up to be a host, which will always prove to be problematic," she told BI. Duncan Greenfield-Turk, the chief travel designer at Global Travel Moments, told BI that hosts had "without a doubt" played a big part in Airbnb's unpopularity. Hotels are making the most of the backlash by offering more personalized services and often matching or undercutting Airbnb prices.
Persons: , Michael Rozenblit, Maggie, Rozenblit, Airbnb, overtourism, it's, Grace Moser, Moser, Jessica Dante, Dante, Orleans Airbnb, Taylor, Duncan Greenfield, Greenfield, Turk Organizations: Service, Business, Travelers, Love, Turk Locations: Barcelona, Athens, London, Orleans, Greenfield, Airbnb
A judge in Kentucky has dismissed core charges against two former Louisville police officials involved in the raid that ended in Breonna Taylor's death. Judge Charles R. Simpson III of western Kentucky's U.S. District Court on Thursday said Taylor's death was triggered by the actions of her boyfriend, who opened fire when police arrived outside her Louisville apartment March 13, 2020. "Those violations resulted in Ms. Taylor’s death," he said in a statement at the time. Jaynes and Meany weren't at the raid, and her death was more directly tied to Walker's decision to open fire, the judge wrote. "The Court finds that the warrantless entry was not the actual cause of Taylor’s death," he wrote in his decision.
Persons: Breonna, Judge Charles R, Simpson, Joshua Jaynes, Kyle Meany, Kenneth Walker's, Taylor, Breonna Taylor, George Floyd, Jaynes, Meany, General Merrick B, Garland, Taylor’s, Meany weren't, Taylor's, Kelly Goodlett, Brett Hankison, Walker Organizations: Louisville, Louisville Police, Department, Justice Department, NBC News, U.S . Justice Department, Associated Press, AP Locations: Kentucky, Kentucky's U.S, Louisville, Minneapolis
Leopatrizi | E+ | Getty ImagesLawmakers want to crack down on "junk fees," but restaurants are trying to stay out of the fight. The Biden administration has broadly targeted so-called junk fees, like an undisclosed service charge for concert tickets or unexpected resort fees when checking out of a hotel. The Biden Administration is attempting to crack down on so-called "junk fees" in retirement accounts with a rule prosed by the U.S. Labor Department. Lobbyists vs. legislatorsOn the state level, restaurants have already had some success in getting excluded from the fight over junk fees. California's SB 478 law would ban so-called "junk fees".
Persons: Birkin, Biden, Joe Biden, Chip Somodevilla, Biden administration's crosshairs, Sean Kennedy, Kennedy, Andres Clavero, Clavero, Galit, Peter Demetri, Tai Huh, Huh, CSHG Organizations: Getty, National Restaurant Association, Federal Trade Commission, White, Biden Administration, U.S . Labor Department, National Women's Law, Cambridge Street Hospitality Group, Health, Restaurant Association, California's Locations: Los Angeles, Chicago, Washington ,, New York, Denver, Asian, Massachusetts, California, , Oakland , California
Opinion | Daffy Donald, Turning Pea Green With Envy
  + stars: | 2024-08-24 | by ( Maureen Dowd | ) www.nytimes.com   time to read: 1 min
I have a crow in my backyard in D.C. that has been cawing for three weeks. It has been driving me crazy, so I was happy to get out of town and back on the trail. But now comes Donald Trump cawing and cawing even louder than the damn crow. If you need more evidence that Trump is flummoxed about how to counter Kamala Harris, just check out his daffy reaction to her dynamite convention. Friday morning, Trump crowed on Truth Social: “My Administration will be great for women and their reproductive rights.”Friday evening, Trump crowed, “The Republican Party is charging forward on many fronts, and I am very proud that we are a LEADER on I.V.F.”
Persons: Donald Trump cawing, Trump, Kamala Harris, daffy, Organizations: Republican
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