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☆ Side-by-side images from the James Webb and Hubble space telescopes show why NASA spent 25 years and $10 billion on the Webb
▼ + stars: | 2024-09-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Read previewNASA's James Webb Space Telescope floored astronomers and spectators across the globe when it released its first full-color images. Even those preliminary snapshots revealed countless stars, galaxies, and fine details that hadn't been seen before. A side-by-side collage of the same area taken by Hubble and the James Webb Space Telescope in its very first image. In the JWST image, you can see galaxies in the background that were invisible to HubbleA few galaxies that are clearly visible in the JWST image, but not the Hubble image. The JWST image also revealed the stellar nurseries created as galaxies mergeThe JWST image shows a region of gas compressed between merging galaxies.

Persons: —, James Webb, Webb, Joseph DePasquale, JWST, hadn't, Eric Smith, Hubble, STScI Webb, Mark McCaughrean, McCaughrean, Amber Straughn, Jane Rigby, we've Organizations: Service, Business, NASA, ESA, CSA, Hubble, James Webb Space, Hubble Heritage, European Space Agency Locations: JWST

Today, it is just over $3,000,” said Harris, who also serves as chair of the National Association of Home Builders. Vice President Kamala Harris has proposed offering $25,000 in down payment assistance to first-time homebuyers and incentives to homebuilders to construct more housing for first-time homebuyers. Former President Donald Trump has said he would lower housing costs by opening federal land to development, rolling back regulations and reducing overall inflation. But homebuilders say they face a web of challenges that have been nearly two decades in the making and will likely take years to resolve. One major barrier to driving down prices and increasing supply has been a shortage of workers, homebuilders said.

Persons: Carl Harris, ”, Harris, — he’s, Mike Forsum, Freddie Mac, Kamala Harris, Donald Trump, “, Robert Dietz, It’s, Dietz, Sheryl Palmer, homebuilder Taylor Morrison, homebuilders, we’ve, Palmer, Forsum, “ I’m, Homebuilders, Taylor Morrison, They’ve, that’s, ” Harris, “ It’s Organizations: National Association of Home Builders, Landsea, Bureau of Labor Statistics Locations: Wichita , Kansas, Atlanta, Las Vegas, Raleigh , North Carolina, Dallas, ”, Sacramento , California, Texas, Fort Worth , Texas, Phoenix, Buckeye, Orlando , Florida, In Wichita

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley's artificial intelligence darlings. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, according to data from Pitchbook. Few venture funds have deep enough pockets to compete with the multibillion-dollar checks coming from the likes of Microsoft and Amazon . MGX was launched as a dedicated AI fund in March, with Abu Dhabi's Mubadala and AI firm G42 as founding partners. For the U.S., having sovereign wealth funds invest in American companies, and not in global adversaries like China, has been a geopolitical priority.

Persons: Goldman Sachs, Prince Mohammed bin Salman's, Uber, LIV, UAE's Mubadala, MGX, Abu Dhabi's Mubadala, Anthropic, Andreessen Horowitz, Jamal Khashoggi, It's, Bpifrance, WeWork spiraled, Jared Cohen, there's Organizations: United, CNBC, Microsoft, Gulf Cooperation Council, Saudi Public Investment Fund, Abu, Abu Dhabi Investment Authority, Qatar Investment Authority, BlackRock, Global Infrastructure Partners, Saudi, U.S, Saudi Company, Artificial Intelligence, Washington Post, SoftBank, Goldman Sachs Global Institute Locations: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Pitchbook, Abu Dhabi, Temasek, Singapore, China, UAE

Learn moreThe 2024 WNBA regular season has come to a close, but the Playoffs are just getting started. We've compiled everything you need to know about how to watch the WNBA Playoffs, including both cable and live streaming options. ET on ESPNHow to watch the WNBA Playoffs in the USRound 1 of the WNBA Playoffs will air across ESPN, ESPN2, and ABC. Check price at ExpressVPNHow to watch the WNBA Playoffs with a VPNSign up for a VPN if you don't already have one. WNBA Playoffs Round 1 scheduleRound 1 games tip-off on September 22.

Persons: We've, They'll, we'll, ExpressVPN Organizations: Business, WNBA, Las Vegas Aces, Seattle Storm, New York Liberty, Aces, Atlanta, Indiana Fever, Connecticut Sun, Minnesota Lynx, Phoenix Mercury, ESPN, ABC, Sling, ESPN Indiana, ABC Phoenix, ESPN Seattle, ESPN2, Orange, ESPN3, New York Liberty ESPN, Connecticut Sun ABC, Minnesota Lynx ESPN, Las Vegas Aces ESPN, Connecticut Sun ESPN, . Indiana Fever, Phoenix Mercury ESPN2 Locations: ExpressVPN, York, Connecticut, Minnesota, Vegas

☆ New Zealand pilot freed after 19 months in captivity in Indonesia’s Papua
▼ + stars: | 2024-09-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

New Zealand pilot Phillip Mehrtens has been freed more than 19 months in Indonesia’s Papua, authorities said on Saturday. Indonesia’s Metro TV showed him tearfully speaking to his family by phone. New Zealand Foreign Minister Winston Peters said, “We are pleased and relieved to confirm that Phillip Mehrtens is safe and well and has been able to talk with his family. This news must be an enormous relief for his friends and loved ones.”A range of New Zealand government agencies had been working with Indonesian authorities and others towards securing Mehrtens’ release, Peters said in a statement. Another New Zealand pilot, Glen Malcolm Conning, was killed by separatist rebels in Papua in August after landing his helicopter in a remote area, authorities said at the time.

Persons: Phillip Mehrtens, Mehrtens, Egianus Kogoya, Joko Widodo, Winston Peters, “, Peters, General Faizal Ramadhani, Egianus Kogoya’s, Glen Malcolm Organizations: Zealand, Metro TV, West Papua National Liberation Army, New Zealand Foreign, Mehrtens, New Locations: Indonesia’s Papua, Timika, Nduga, New Zealand, Papua

☆ I realized my spending was out of control and started a 'no-spend era.' Since June, I've saved over $5,000.
▼ + stars: | 2024-09-21 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +5 min

For over a year, I had been slowly realizing that I needed to change my spending habits, but I wouldn't do anything about it. Influencer culture and chasing dopamine hits contributed to my spending habits getting out of control. I don't think you have to be an addict to fall into unhealthy spending habits. AdvertisementI've also stopped spending as much on foodMy no-spend journey with products has also made me pay more attention to my food spending habits. Journaling has also been a helpful tool I've used for years when wanting to make a change.

Persons: Stephanie Noble, I'm, I've, haven't, it's, Journaling Organizations: Service

☆ Major movie theater chains unveil a $2.2 billion makeover plan
▼ + stars: | 2024-09-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

That’s why the biggest theater chains in the United States and Canada have a $2.2 billion plan to bring them back. Large chains are also facing competition from luxury theaters offering an enhanced viewing experience, like IPIC Theaters and Alamo Drafthouse. Better air conditioning, new signs and revamped carpeting are also included in the plan. In July, Regal announced it would spend $250 million to remodel its 400 locations following its parent company’s exit from bankruptcy. The $2.2 billion investment shows “no better reflection of confidence” about movie theaters’ future, Paul Dergarabedian, senior analyst at Comscore, told CNN.

Persons: Cinemark, Paul Dergarabedian, ” Organizations: New, New York CNN, AMC Entertainment, Regal, American, IPIC, Sony Pictures Entertainment, National Association of Theatre Owners, NATO, CNN, “ Locations: New York, United States, Canada

☆ How Elon Musk and X got into a messy situation in one of its biggest markets
▼ + stars: | 2024-09-21 | by ( Ana Altchek | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk hasn't shied away from fights since he bought Twitter and renamed it X in 2022. However, the disagreement over moderation on X has blown up, leading to threats of arresting X employees and restrictions on other companies owned by Musk. X was then banned from Brazil on August 31 after failing to follow orders to name a legal representative for X. AdvertisementBrazil's Supreme Court fines X for resurfacing amid banBrazil fined X after some of its users were able to access the site on Wednesday, September 18, despite the ban issued in August, according to the BBC.

Persons: —, Elon, it's, Alexandre de Moraes, De Moraes, Jair, Musk, de Moraes, X, ines, ince, ake l, ove Organizations: Service, Twitter, Brazilian Supreme, Business, Musk Locations: Australia, Nigeria, Turkey, India, Brazil, Here's, lon, usk

☆ New Zealand pilot Phillip Mehrtens freed after more than 18 months in captivity in Indonesia’s Papua
▼ + stars: | 2024-09-21 | by ( Story Reuters | ) edition.cnn.com time to read: 1 min

West Papua, Indonesia — New Zealand pilot Phillip Mehrtens has been freed from more than 18 months in captivity in Indonesia’s Papua, the Indonesian police said in a statement on Saturday. An armed faction of the West Papua National Liberation Army (TPNPB), led by Egianus Kogoya, kidnapped Mehrtens on Feb. 7, 2023, after he landed a small commercial plane in the remote, mountainous area of Nduga. “We are prioritising approach through religious leaders, church leaders, traditional leaders and Egianus Kogoya’s close family to minimise casualties and maintain the safety of the pilot,” said the chief of Cartenz 2024 Peace Operations, Brigadier General Faizal Ramadhani. Mehrtens was freed and picked up by a joint team in Nduga Regency and is undergoing health check-ups and a physiological examination in Timika regency, the police said. The police they would hold a press conference later.

Persons: Phillip Mehrtens, Egianus Kogoya, Mehrtens, Egianus Kogoya’s, ”, General Faizal Ramadhani Organizations: New Zealand, West Papua National Liberation Army Locations: Papua, Indonesia, New, Indonesia’s Papua, Nduga, Nduga Regency, Timika

☆ These stocks should benefit the most as the Fed keeps lowering rates, analysts say
▼ + stars: | 2024-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

These companies are expected to benefit from lower interest rates over the long haul, according to analysts. They include Western Alliance , Best Buy, Coca-Cola, Zillow , UPS and FedEx. The analyst said he sees Best Buy as a key beneficiary of lower interest rates in several ways. He noted that Best Buy continues to be a worthy competitor to e-commerce juggernaut Amazon, pointing to a recent pricing study the firm conducted. Meanwhile, Best Buy shares remain undervalued compared to those of its peers in the sector, Chukumba added.

Persons: Zillow, Jay McCanless, McCanless, Wells, Chris Carey, Carey, Coke bottlers, Morgan Stanley, Anthony Chukumba, Chukumba, FedEx — Goldman Sachs, — D.A, Davidson Organizations: Federal, CNBC, Western Alliance, UPS, FedEx, Software, —

☆ Arch Manning’s first career start: Two TDs, two INTs and several lessons as Texas routs ULM
▼ + stars: | 2024-09-21 | by ( The Athletic College Football | ) www.nytimes.com time to read: +6 min

Manning started on Saturday night in place of injured starter Quinn Ewers, who is recovering from a strained oblique suffered last week in a win against UTSA. ARCH MANNING RESPONDS AFTER HIS INT 🔥 A 56-yard DIME right to the hands of Isaiah Bond 😤 pic.twitter.com/mZ1aDgpLzT — SportsCenter (@SportsCenter) September 22, 2024The 6-4, 225-pound Manning didn’t seem to get rattled at any point, even when taking big hits. More experience should build more comfort and clean up most of the current hiccups in Manning’s game. pic.twitter.com/2wXd8q4HcK — SportsCenter (@SportsCenter) September 22, 2024Should Quinn Ewers be looking over his shoulder? Quinn Ewers led Texas to the College Football Playoff last season, coming within an end-zone deflection against Washington from advancing to the national championship game.

Persons: Arch Manning’s, Darrell K, Manning, Cooper Manning, Peyton, Eli Manning, Archie Manning, Quinn Ewers, Trey Owens, MANNING, lea, tim e, Tex, bec, l, Hou Organizations: Longhorns, Darrell, Darrell K Royal, Texas, UTSA, ard, nea Locations: overmatched Louisiana

☆ Women accuse former Harrods boss Al Fayed of sexual abuse: ‘I was just terrified’
▼ + stars: | 2024-09-20 | by ( Daniele Hamamdjian | Bill O'Reilly | Daniele Hamamdjian Is An Nbc Foreign Correspondent Based In London. | ) www.nbcnews.com time to read: +11 min

The first red flag Stone recalls while working for Al Fayed was him giving her a tight hug. NBC News“I was a bit like, Ooh, you know, that’s weird, but maybe that’s his culture, I don’t know,” Stone said. A fictionalized version of their relationship was depicted in the Netflix series last year, and included a warm and sympathetic portrayal of Al Fayed. “The allegations against Mohamed Al Fayed include serial rape, attempted rape, sexual battery, sexual abuse of minors. I was going through this sort of hell.”Stone struggled to explain the hold Al Fayed had on her and other female staffers.

Persons: Mohammed Al Fayed, “ Papa, Al Fayed, ”, Gloria Allred, “ Al Fayed, Natacha, Maria Mulla, Mohamed Al Fayed, Yui Mok, Sophia Stone, Al Fayed’s, Stone, ” Stone, “, London . Stone, he'd, Mohamed Al, Fayed, Paul Ellis, Princess Diana, Dodi, Allred, Eamon Coyle, “ Mohamed, Keaton Stone, ” Sophia Stone, you’ll Organizations: NBC News, Harrods, Netflix, NBC, London ., Bois, Boulogne, Getty, Britain’s, BBC, U.S Locations: American, London, Harrods, Al, Paris, Scotland

☆ Joel Embiid signs 3-year, $192.9 million extension with Sixers, reports say
▼ + stars: | 2024-09-20 | by ( Noah Levick | Nbc Philadelphia | ) www.nbcnews.com time to read: +3 min

Superstar center Joel Embiid has signed a three-year, approximately $192.9 million extension with the team that runs through the 2028-29 season, ESPN’s Ramona Shelburne reported Friday morning. The seven-time All-Star is set to make approximately $51.4 million in the 2024-25 season and $55.2 million in 2025-26, according to Spotrac. The Sixers later officially announced that Embiid signed a “multi-year” extension. While he returned late in the regular season, Embiid had semi-regular injury scares and also dealt with Bell’s palsy during the playoffs. The Sixers will hope George can lessen the burden on Embiid and Maxey to create shots and summon late-game heroics.

Persons: Joel Embiid, Ramona Shelburne, Shams, Embiid, ” Embiid, they’ve, Josh Harris, David Blitzer, Nick Nurse, “, Paul George, Tyrese Maxey, George, Maxey, USA’s Organizations: Sixers, NBA, Spurs, Knicks, Paris Locations: Cameroon, Philadelphia, Bahamas

☆ Joel Embiid and Philadelphia 76ers agree to contract extension worth nearly $193 million
▼ + stars: | 2024-09-20 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Joel Embiid and the Philadelphia 76ers have agreed to a three-year, $192.9 million maximum contract extension, a source familiar with the contract figures told CNN. Taking his total career earnings to $514.8 million, Embiid would become the fifth member of the NBA’s $500M club, joining LeBron James, Stephen Curry, Kevin Durant and 76ers teammate Paul George. I had no idea when I was drafted as a 20-year-old kid from Cameroon how lucky I was to be in Philadelphia,” Embiid said in a statement. We’re ecstatic that this extension keeps him and his family in Philadelphia for years to come,” 76ers managing partner Josh Harris said in a statement. During his career, Embiid has made the All-NBA Team five times, the All-Star team in each of the last seven years, and was NBA scoring champion in both 2021-22 and 2022-23.

Persons: CNN — Joel Embiid, LeBron James, Stephen Curry, Kevin Durant, Paul George, “, ” Embiid, they’ve, Josh, Harris, David, Blitzer, “ Joel, Josh Harris, Embiid, George, Tyrese Maxey Organizations: CNN, Philadelphia 76ers, NBA, ESPN, The, 76ers, Sixers, USA, ” 76ers, Team, Star Locations: City, Cameroon, Philadelphia

☆ FedEx creates a hurdle for stock market bulls with the Dow at record highs
▼ + stars: | 2024-09-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

That rally may not be sustainable, based on the venerable " Dow Theory ." The century-old Dow Theory looks at the relationship between the Dow Industrials and the Dow Transports , and argues that market trends must be confirmed by both groups. In other words, if the Dow Industrials are going lower, then Transports most also be falling to confirm a prolonged negative run. Right now, investors are presented with the Dow Industrials at all-time highs and Transports barely positive for the year. FDX 5D mountain FDX year to date To be sure, other market trends paint a more positive picture.

Persons: Jonathan Krinsky, Mark Mahaney Organizations: Dow Jones, Dow, Dow Transports, Transports, FedEx, UPS, Tech, Energy, NBA

☆ I'd sworn off dating apps until I heard about the 'burned haystack' approach women are swearing by. So I put it to the test.
▼ + stars: | 2024-09-20 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +6 min

Read previewAfter a two-and-a-half-year break from the time-suck of dating apps, I reluctantly reinstalled one on my phone a few weeks ago. The return was inspired by Burned Haystack, a new dating method that encourages daters to filter out time wasters and red flags as soon as possible. Young started the Facebook group Burned Haystack Dating Method last year. With the net cast wide, surely I'd meet someone interesting sooner, right? AdvertisementThe author has been connecting with members of the Facebook group Burned Haystack Dating Method.

Persons: —, Jennie Young, Young, Rather, I've, we'll, I'm, he's, I'd, they're, it's Organizations: Service, Business, University of Wisconsin, Facebook, swiping, Netflix Locations: Green

☆ Vernon: Both FedEx and UPS are well-positioned to leverage pricing power despite current pressures
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVernon: Both FedEx and UPS are well-positioned to leverage pricing power despite current pressuresDavid Vernon, Senior Research Analyst – Transportation at Bernstein, sees FedEx's lowered guidance as an overreaction and expects improvements later. He recommends buying the dip, noting both FedEx and UPS are well-positioned despite challenges.

Persons: David Vernon Organizations: Vernon, FedEx, UPS, Senior, Transportation, Bernstein

☆ America's fallen tech giant Intel is facing a crossroads
▼ + stars: | 2024-09-20 | by ( Helen Li | ) www.businessinsider.com time to read: +6 min

Read previewThe chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business. AdvertisementThe foundry side of Intel's business could also be in question, putting its billions in CHIPS and Science Act funding in jeopardy. Related storiesPreviously, Qualcomm had explored buying pieces of Intel's design business, Reuters reported. Intel's foundries would be expected to compete more against companies like GlobalFoundries, TSMC, and Samsung. The expanded collaboration between the two tech companies helps give more confidence about Intel capturing the AI boom, Rasgon said.

Persons: —, Pat Gelsinger, Biden, Logan Purk, Edward Jones, Purk, Dan Morgan, There's, Intel's, Morgan, Lisa Su's, Stacy Rasgon, Rasgon Organizations: Service, Intel, Qualcomm, Wall Street, Amazon, Business, Biden Administration, Reuters, Samsung, Nvidia, AMD, Bernstein Research, Amazon Gelsinger, Amazon Web Services, Apple Locations: American, Synovus, Abu Dhabi

☆ I help the ultrawealthy secure golden visas and golden passports. Here are the top 5 countries they want to move to.
▼ + stars: | 2024-09-20 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Read previewThis as-told-to essay is based on a transcribed conversation with Armand Arton, 47, president of Arton Capital, a financial advisory firm, about golden visas and passports. We advise them about golden visas and golden passports — government programs that offer residency or citizenship rights to foreign investors. AdvertisementDuring the COVID-19 pandemic, many American investors couldn't enter Europe, so they are now looking for residency programs in European countries. After this year's elections in France and the UK, we're also seeing millionaires in those countries looking to relocate. I'd advise wealthy migrants to get in on programs sooner rather than laterThe number of applicants for golden visas increases every year.

Persons: —, Armand Arton, couldn't, we're, haven't, I've, It's, Brexit, We've, who've, Irma, Maria, it's, I'd Organizations: Service, Arton, Arton Capital, Business, Caribbean Locations: Europe, France, Hungary, Portugal, Spain, Property, Greece, Italy, England, Germany, UAE, Antigua, Barbuda, Bulgaria, Ireland

☆ Disney's plans to future-proof its TV business could help kill the cable bundle even faster than expected
▼ + stars: | 2024-09-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Discovery to form sports streaming service Venu, which promised to offer access to tons of live sports at less than half the cost of traditional cable bundles. Unlike ESPN+, this service will have all of ESPN's content, including Monday Night Football games and shows like "First Take." Disney is doing everything it can to make sure it's not in the same boat — hence its investments in projects like Venu and ESPN Flagship. Despite that drawback, Nollen is optimistic about ESPN Flagship. If ESPN Flagship hits those milestones, it can fully offset the losses from pay TV, which it will — ironically — be partially responsible for.

Persons: —, Venu, Tim Nollen, Nollen, Fubo, Venu Sports, Craig Moffett, Michael Nathanson, MoffettNathanson, Margaret Garnett, Garnett, It's, Peacock Organizations: Service, Disney, Media, Business, Netflix, Fox, Warner Bros, ESPN, Football, US, DirecTV, ESPN Flagship, Paramount, NBC, CBS Locations: skinnier

☆ A poker player turned trader up 253% this year details how he picks which stocks to target — and the event-driven strategy he uses to maximize gains
▼ + stars: | 2024-09-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

By 2017, he decided he had to pivot and elected to give stock trading a try. "You're going to panic-sell at the lows; you're going to panic-buy at the highs. You're going to trade when the stock is zigging and zagging and get chopped up. Related storiesOn a chart, it can often look like a wide space between two candles after the stock's price opens significantly higher than where it was in premarket hours. AdvertisementOn January 19, during pre-market hours, the stock's price spiked, causing a gap up on the opening.

Persons: Christian Flanders, Flanders, Norman Zadeh, it's Organizations: Service, Business, US, IT Solutions Locations: Flanders, he's

WASHINGTON — As president, Donald Trump slashed a lucrative tax break enjoyed by coastal donors and suburban swing-state voters. What shifted more than the economy is Trump's needs, said Caroline Bruckner, managing director of American University's Kogod Tax Policy Center. The reversal is one of a flurry of freebies that Trump and his rival, Vice President Kamala Harris, are offering voters in the stretch run before Election Day. Trump’s proposal to repeal the SALT cap, which is set to expire next year if Congress takes no action, would reduce federal revenue by $1.2 trillion over a decade, according to CRFB’s estimate. But many voters in those counties would stand to benefit considerably from a repeal of the SALT cap.

Persons: Donald Trump, he's, Trump, ransoming, Caroline Bruckner, Bruckner, Kamala Harris, Peter Zay, Harris, She’s, “, ”, Charlie Dent, ” Dent, ” Donald Trump, Jeff Kowalsky, Marc Goldwein, ” Goldwein, ” Harris, —, Donald Trump won’t, James Singer, Joe Biden’s, I’ve, it’s, Mark Cuban, Jackson, Biden —, Dent Organizations: WASHINGTON, Trump, Getty, Social, Foundation, Social Security, Democratic, CNBC, Tax Foundation, NBC News, Tax Locations: Washington, Anadolu, AFP, South Carolina, Mississippi, Harris, Manhattan, San Francisco, Silicon, Valley , Idaho, Aspen , Colorado, , Wyoming, Westchester County , New York, Fairfield County , Connecticut, Maricopa County, Arizona's, Philadelphia, Wilmington , Delaware, Montgomery, Chester, Delaware, Allegheny County

☆ FedEx quarterly profit disappoints as demand for speedy delivery wanes
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +2 min

FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options. Shares in the Memphis-based delivery giant tumbled almost 11% to $267.74 in after-hours trading, dragging shares in rival United Parcel Service down 2.5%. The shift to less-profitable packages is squeezing profits at FedEx and UPS. Subramaniam is leading a complex restructuring at FedEx that involves slashing billions of dollars in overheads and merging its separate Ground and Express delivery units. On an adjusted basis, profit fell to $3.60 per share from $4.55 per share a year ago.

Persons: Raj Subramaniam, Subramaniam Organizations: FedEx, United Parcel Service, UPS, Reuters, Federal, United States Postal Service, FedEx Freight Locations: Memphis, China, Shein, U.S

☆ Hillary Clinton says Vance’s child care comments are ‘not in touch’ with most Americans’ lives
▼ + stars: | 2024-09-19 | by ( Eric Bradner | ) edition.cnn.com time to read: +3 min

But “families need support,” and relatives aren’t always nearby and available, Clinton said. “Nobody really knows what happens in a marriage except the two people in it, and every marriage I’m aware of has ups and downs – not public,” she said. Clinton said she would never tell anyone else to stay in a marriage or leave it. We have a good time sharing this life that we’ve lived together for now nearly 50 years of marriage,” Clinton said. You feel like it’s the entire world, but in my case, it was the world,” she said.

Persons: Hillary Clinton, Vance, ” “, CNN’s Fareed Zakaria, ” Clinton, Charlie Kirk, “, ’ ”, aren’t, Clinton, I’m, ”, Bill Clinton, Zakaria, Bill, we’ve, that’s Organizations: CNN, Republicans, US Locations: Ohio, United States, Washington

☆ FedEx earnings will show the success of the company's restructuring, says TD Cowen's Jason Seidl
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx earnings will show the success of the company's restructuring, says TD Cowen's Jason SeidlTD Cowen senior analyst Jason Seidl joins 'Closing Bell' to discuss his expectations for FedEx earnings, why he is picking FedEx over UPS, and more.

Persons: Jason Seidl, Cowen Organizations: FedEx, UPS

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