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Fain and the UAW, which endorsed Biden in January, are important allies of Biden and are expected to play a critical role in helping Biden win in key swing states including Michigan, where the UAW is based. Fain, who announced the UAW's endorsement of Biden in January, has repeatedly rebuked Trump, the Republican former president. "Donald Trump stands against everything we stand for as a society," Fain said in his January endorsement of Biden. Fain also received a mention from Biden at this year's State of the Union address, which Fain attended. On Wednesday, actor George Clooney, a Democrat who has backed Biden, withdrew his support in an opinion piece in the New York Times.
Persons: Shawn Fain, Joe Biden's, Donald Trump, Fain, Biden, Trump, General Motors, Jonah Furman, George Clooney Organizations: United Auto Workers, UAW, Biden, U.S, Ford, General, Stellantis, Republican, Wednesday, AFL, NATO, Detroit, Democratic, Trump, Democrats, Democrat, New York Times Locations: Michigan, U.S, year's State
Bunnell was a participant in Creatives Rebuild New York's guaranteed income program. Some of the guaranteed income participants lived in cities, while others lived in rural areas. Related storiesCreatives Rebuild New York's guaranteed income program joins over 100 similar pilots across the US aimed at reducing local poverty levels. The organization allocated $43.2 million total to the guaranteed income program and $61.6 million to the artist employment program. Courtesy of Jacinta BunnellHave you benefited from a guaranteed income program?
Persons: , Jacinta Bunnell, Bunnell, Stavros Niarchos, Dr, Diana Pearce, Maura Cuffie, Peterson, Jacinta Bunnell Bunnell, I've, Jacinta Organizations: Service, Business, Mellon Foundation, Tides Center, Ford Foundation, Rebuild, New Locations: Stone Ridge , New York, Manhattan, New York, Northwest Brooklyn, Rebuild New York, York
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCongress has requested that the US Navy conduct a study looking into other ships it can arm with missiles given the pressing need to maintain US naval power amid ongoing shipbuilding delays. AdvertisementThe committee report added that it doesn't believe the Navy is adequately preparing to meet requirements for those capabilities in the near-term. Related storiesThe request comes in response to delays on the first new Constellation-class guided missile frigate, which won't be delivered until at least 2029, three years behind schedule, per a Navy report earlier this year. Newport News Shipbuilding workers and Navy sailors walk past the USS George Washington as it rests pier side.
Persons: , George Washington, Jonathon Gruenke, Frank Kendall, Carlos Del Toro Organizations: Service, US Navy, Business, US Senate Armed Services Committee, Pacific Command, Navy, Newport News Shipbuilding, Virginian, Tribune, Getty, Columbia, Department of Defense, Air Force, Commonwealth of Locations: China, People's Republic of China, Columbia, Okinawa, Guam, Commonwealth, Northern Mariana
Here’s how Biden would actually be replaced
  + stars: | 2024-07-11 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +10 min
The president noted he overwhelmingly won Democratic primaries, which is why nearly all of the convention delegates are currently considered to be pledged to him. Biden is correct that the Democrats’ rules allow delegates to vote for the candidate of their choice. She told me how the process of replacing Biden would work considering nearly all of the 3,949 pledged convention delegates are currently pledged to support him. Sort of legally, according to party rules, he could be replaced anytime up to the roll call at the convention. Party leaders may yet carry on with the plan as a way to squash questions about Biden.
Persons: Joe Biden, , ” Biden, It’s, Biden, Elaine Kamarck, Kamarck, it’s, Jimmy, Carter, Sen, Edward Kennedy, They’ve, Michigan’s Gretchen Whitmer, Maryland’s Wes Moore, California’s Gavin Newsom, Kamala Harris, energize, Shelby Tauber, That’s, she’s, they’re, They’re, who’s, they’ve, , ” It’s, , We’ve, Kennedy, Reagan, Ford, Hur, you’re, Read, CNN’s Arit John, Ethan Cohen Organizations: CNN, Democratic National Convention, Democratic, Brookings Institution, Democratic Party, LBJ, Biden, Brookings, Republicans, Democrats Locations: New Hampshire, Alabama, Maine, Utah, Dallas , Texas, Chicago, Ohio
CNN —The White House on Thursday said it would hand out $1.7 billion to help convert closed-down or at-risk auto manufacturing and assembly facilities to make electric and hybrid vehicles. The funding comes as growth in new electric vehicle sales has slowed, even as the Biden administration wants to keep US EV manufacturers competitive with a surging Chinese industry. “This announcement is a hallmark of the Biden administration’s industrial strategy, which is a strategy to bring manufacturing jobs back to America after years of offshoring,” Energy Secretary Jennifer Granholm told reporters. The plants also include facilities from vehicle component manufacturing to full vehicle assembly, according to a senior administration official. The move comes as the growth rate of EV sales has slowed even as total EV sales have continued to rise.
Persons: Biden, Joe Biden, Jennifer Granholm Organizations: CNN, Biden, , Department of Energy, autoworkers, GM, Volvo, American, Ford Locations: China, America, Michigan, Pennsylvania, Lansing , Michigan, Fort Valley , Georgia
Francis Ford Coppola opened a filmmaker-focused hotel in Peachtree City, Georgia. The hotel, part of The Family Coppola Hideaways, features 27 rooms and post-production facilities. AdvertisementA film-production site and hotel in one, Francis Ford Coppola's new All-Movie Hotel is a filmmaker's haven and a cinephile's dream. Located in Georgia, the hotel — which we spotted via Gizmodo — is the newest addition to The Family Coppola Hideaways, a collection of resorts in Belize, Guatemala, Argentina, and Italy. With state-of-the-art post-production facilities and 27 rooms personally designed by Coppola, the hotel caters specifically "to the needs of filmmakers," the website says.
Persons: Francis Ford Coppola, Coppola Hideaways, Coppola, , Francis Ford Coppola's Organizations: Service, Business Locations: Peachtree City , Georgia, Georgia, Belize, Guatemala, Argentina, Italy
I grew up shopping the Nordstrom Anniversary Sale with my mom before spending nearly four years working as a sales associate between Nordstrom and Nordstrom Rack. This has given me a very clear sense of the Nordstrom Anniversary Sale bestsellers, what sells out first, and what gets returned. Now, I'm ready to share what's absolutely worth it and what you should skip from the Nordstrom Anniversary Sale. The Nordstrom Anniversary Sale is full of Gucci, Saint Laurent, Tom Ford, and Ray Bans sunnies galore. Here's when you can start shopping Nordstrom Anniversary Sale dates based on your Nordy Club status.
Persons: Nordstrom, Hanky, it's, Augustinus Bader, Dyson, Reiss, Max Mara, Vince, Veronica Beard, Les, Sam Edelman, Kate Spade, Rebecca Minkoff, Kurt Geiger, Saint Laurent, Tom Ford, Ray, sunnies, you'll Organizations: Business, Nordstrom, Nike, Adidas, Branch, Bond, Longchamp, Gucci, Nordy Locations: Arizona, Hoka, Boll
"Buying Abbott Laboratories on this weakness is still too early," Jim Cramer said. Split selling: Broadcom 's 10-for-1 stock split goes into effect July 15. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Powell, Financials, Morgan Stanley, Jerome Powell, Abbott, Stellantis, Jim, Ford, Jim Cramer's, David Paul Morris Organizations: CNBC, Nasdaq, Dow Jones, Federal, Basel III, CME Fed, Abbott Laboratories, Broadcom, Ford, Capitol, Jim Cramer's Charitable, Bloomberg, Getty Locations: Basel, Europe, Colma , California
Tesla’s once-commanding share of the market for electric vehicles in the United States slipped below 50 percent in the second quarter of the year even as sales of battery-powered cars surged to a record, according to new estimates published Tuesday by a research firm. It was the first time the company’s market share fell below 50 percent in a quarter, according to Cox. The firm, a leading auto industry researcher, estimates market share based on registrations, company reports and other data. Before that car, very few electric vehicles were sold in the United States. A year earlier, electric vehicles accounted for 7.2 percent of the market, Cox said.
Persons: Tesla’s, Elon Musk, Cox, Tesla Organizations: General Motors, Ford Motor, Hyundai, Kia, Cox Automotive Locations: United States
A prototype of an electric NASCAR race car sits on the lawn during the NASCAR Xfinity Series The Loop 110 at the Chicago Street Course on July 6, 2024. NASCAR on Saturday unveiled a prototype electric race car as part of a new initiative that aims to reduce the organization's emissions and electrify aspects of the sport. The vehicle's debut, in partnership with the electrification and automation company ABB, came one day before NASCAR's Chicago Street Race. The "ABB NASCAR EV Prototype," developed in collaboration with Chevrolet , Ford and Toyota , is an electrified stock car that can produce 1,000 kW (or 1341 horsepower) at peak power. Like most existing hybrid or full-electric vehicles, the race car has a regenerative braking system that converts kinetic energy from braking into electrical power.
Persons: NASCAR's, Chris Shigas, Shigas, Eric Nyquist Organizations: NASCAR, ABB, EV, Chevrolet, Ford, Toyota, NBC Locations: United States, U.S, California
That leaves Wall Street investors looking for something else to set an electric vehicle maker apart: software. Rivian, which has been facing its own issues with a falling stock price and disappointing financial results, is now riding high after announcing a software joint venture with Volkswagen. Related storiesThe companies said that Volkswagen will make an initial $1 billion investment in Rivian as part of a software development deal. The first was a $500 million investment from Ford to build EVs in a joint venture Rivian struck before it had even started production. While Volkswagen's stock price hasn't enjoyed the same ride as Rivian's, investors are pleased to see the German automaker focusing on improving its software development programs.
Persons: , Tesla, Elon, Dan Ives, Ives, It's, Rivian, John Murphy, Murphy, hasn't, Morgan, Jose Asumendi Organizations: Service, Business, Volkswagen, Ford, VW, EV, Bank of America, Rivian, VW Group Locations: Wedbush, FSD, Rivian, Normal, Georgia
Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. The transition to electric vehicles, which was supposed to quickly usher in an era of climate-friendly transport, has instead been squeezed by costly investments and slowing global demand. Tesla reported declining second-quarter sales on Tuesday, and Ford Motor said in April that it would shift production to more hybrids as E.V. A growing trade war between China and the West also threatens to stifle growth.
Persons: Tesla Organizations: Mercedes, Benz, Lamborghini, Ford Motor Locations: Northern Italy, China
Trying a taste of camper van life
  + stars: | 2024-07-05 | by ( Casey Barber | ) edition.cnn.com   time to read: +6 min
When I tried camper van life for the first time, I went all in. The benefits of camper van travelNow, I’m not saying you must spend weeks on an epic road trip to fully experience the joy of a camper van. We had exactly everything we needed — everything except, well, a bathroom, which brings me to the next life-changing aspect of a camper van. Camper van life makes you brave and gets you out there, interacting with others and connecting with the world. Tips for trying the van lifeReady to try camper van travel?
Persons: can’t, Ford Econoline, we’d, Camper, Dan Cichalski We’d, I’m, van, , wasn’t, Camper van, You’re, Zackary, Joshua, “ It’s, you’ll, Casey Barber Organizations: CNN, Los Angeles International Airport, Boots, El, Oklahoma City National Locations: North America, New Jersey, Los Angeles, Bloomington , Illinois, Los, Carthage , Missouri, Gallup , New Mexico, Arcadia , Oklahoma, Joshua Tree, California
The only US carrier in the area is on its way to the Middle East following a series of military drills in the Pacific. Sailors conduct flight operations on the deck of the aircraft carrier USS Theodore Roosevelt near Indonesia. The Theodore Roosevelt (CVN 71), a nuclear-powered aircraft carrier is anchored in Busan, South Korea. The aircraft carrier Shandong and a Chinese amphibious assault ship conducted an exercise in the South China Sea earlier this week. AdvertisementLately, China has also ramped up altercations with the Philippines in contested waters in the South China Sea.
Persons: , Theodore Roosevelt Carrier, Vladimir Putin, Kim Jong Un, Roosevelt, Gerald R, Dwight D, Eisenhower, Theodore Roosevelt, Navy Petty, Andrew Benvie, Ronald Reagan, Carl Vinson, Song Kyung Organizations: Service, US Navy, Business, Theodore Roosevelt Carrier Strike Group, North, South Korean, Nimitz, Ford, Navy, Pentagon, Western Pacific, USNI News, Information, AP, South China, Coast Guard Locations: China, South Korea, Japan, North Korea, Gulf of Aden, Israel, Indonesia, Pacific, Russia, Philippines, Western, Eastern Pacific, Hawaii, Philippine, Busan, Shandong, South, Soviet, Liaoning, China's, Fujian, Beijing, South China
The five secrets to Ferrari’s success as a luxury brand
  + stars: | 2024-07-04 | by ( Robert Frank | ) www.cnbc.com   time to read: +10 min
In this article RACE-IT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn the world of luxury, Hermès is arguably the gold standard. Analysts predict Hermès could surpass Louis Vuitton in revenue within the next three years as the world's largest luxury brand. There is one luxury company, however, that has raced past Hermès when it comes to growth and brand cache – Ferrari. To better understand what makes Ferrari a luxury brand, CNBC traveled to Ferrari headquarters in Maranello, Italy, to interview the company's CEO, Benedetto Vigna. "A luxury company is a company that is using technology, innovation, storytelling, heritage, everything, with the ultimate goal to feed that emotional side that we all have."
Persons: Birkin, Louis Vuitton, Hermès, Enzo Ferrari, Ford, Ferrari, Bernstein, Luca Solca, Benedetto Vigna, Robert Frank, Vigna, Adam Jeffery, Solca, Ferraris, Martyn Lucy, Bernard Arnault, Crystal Lau, Francesca Volpi Organizations: Ferrari, New York Stock Exchange, General Motors, CNBC, Ferraris, Goodwood Festival, Getty, Spiders, Rolex, Hermès, Bloomberg Locations: Maranello, Italy, Geneva, Chichester , England, it's, California, Roma
Voters go to the polls in Britain on Thursday in a dyspeptic mood, many of them frustrated with the Conservative government but skeptical that any replacement can unravel the tangle of problems hobbling the country. Their skepticism is warranted, according to analysts. Even if the Labour Party wins a robust majority in Parliament, as polls suggest, it will confront a raft of challenges, from a torpid economy to a corroded National Health Service, without having many tools to fix them. The Labour leader, Keir Starmer, would inherit a “legacy of ashes,” said Robert Ford, a professor of political science at the University of Manchester. And voters, who less than five years ago elected the Conservatives in a landslide, are not likely to give Mr. Starmer much slack to turn things around.
Persons: Keir Starmer, , Robert Ford Organizations: Conservative, Labour Party, Health Service, Labour, University of Manchester, Conservatives Locations: Britain
Owens’ grandson Stuart Owen Rankin describes the track and field great’s actions as a “thumb in the eye” to Hitler. Fox Photos/Hulton Archive/Getty Images‘A bond, a brotherhood, a connection’Another enduring memory from the 1936 Games was Owens’ connection with the German long-jumper Luz Long. Owens and Long were seen as the two favorites to compete for the gold medal in the long jump at the Berlin Games. According to Rankin, Owens said Long offered him advice on how to not overstep, which was an issue the US athlete was having in the long jump qualifying competition. DHM/ullstein bild/Getty Images)StridesAfter the Berlin Games, widespread, institutionalized racism and segregation in the US meant Owens’ achievements weren’t fully appreciated when he returned home.
Persons: Jesse Owens, Adolf Hitler, White, Owens, Owens ’, Stuart Owen Rankin, Hitler, , ” Rankin, CNN’s Don Riddell, ” Jesse Owens, Luz Long, Long, Rankin, ” Owens, Juergen, Shutterstock Rankin, ” Long, scrolled, Julia Long, Long’s, , Julia, weren’t, AP Owens, Gerald Ford, George H.W, Bush Organizations: CNN, Olympics, Nazi, Fox, Berlin Games, American, Games, AP, White Locations: Berlin –, Nazi Germany, Berlin, White, American, Munich, York, United States, America
The automaker is changing its leasing scheme to encourage managers to go electric, per Reuters. It comes as Ford's electric vehicle business battles struggling sales and substantial losses. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to an internal company email viewed by Reuters, the automaker has changed its leasing policy for some employees to encourage them to buy the company's EVs. This story is available exclusively to Business Insider subscribers.
Persons: Ford, Organizations: Service, Reuters, Business
Two people were killed and at least nine others were injured after an apparently impaired driver plowed a pickup truck into a crowd of people celebrating July 4 in a park on Manhattan’s Lower East Side, the authorities said. Several of the injured were transported to hospitals, two of them in critical condition, the authorities said at a news conference on Thursday night. A police spokesman confirmed by phone that one person had been taken into custody. Speaking at the news conference, Mayor Eric Adams of New York said that though investigations were preliminary, the incident did not appear to be “terrorist related.” Officers responding to the scene smelled alcohol on the driver, and the police were conducting tests to confirm, officials said. Police said that just before 9 p.m., a Ford F-150 driving eastbound at high speed down Water Street sped through a stop sign, up onto the sidewalk and into Corlears Hook Park, where a crowd of people were celebrating the holiday.
Persons: Eric Adams Organizations: Police, Ford Locations: New York, Hook
Thanks to de-aging technology, De Niro portrayed Sheeran throughout his life, the lines on his face digitally smoothed. There are a few ways to make actors appear younger on screen using technology, each with advantages and disadvantages. In 2019’s “Gemini Man," the younger version of Will Smith’s character Henry Brogan has a fully CGI head. There’s an excruciating bit in “The Irishman” when a supposedly young Sheeran kicks another character out of his shop. This, really, is why de-aging megastars always feels a bit icky.
Persons: Holly Thomas, Katie Couric, Robert De Niro’s, ” De Niro, Vito Corleone, Marlon Brando, De Niro, Frank Sheeran, Martin Scorsese’s, , Sheeran, De, Thomas, Tom Hanks, Robin Wright, Robert Zemeckis, Hanks ’, Will Smith’s, Henry Brogan, Andy Serkis’s Gollum, ” Sheeran, Niro, Smith, Quentin Tarantino, acclimated, , George Miller, Max, Charlize Theron, Indiana Jones, Harrison Ford, Marvel, Samuel L Jackson, Nick Fury, megastars, Hanks, Timothée Chalamet, Casey Affleck, ” Gwyneth Paltrow, Maggie Smith, Michael Cera, Sam Rockwell, Brando Organizations: Katie Couric Media, CNN, Paramount Pictures, Skydance Media, ” Indy Locations: London
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
New York CNN —CDK Global said “substantially all” of the nearly 15,000 car dealerships that use its software across North America are back online to its core management system, almost two weeks since a cyber incident caused a software blackout. “We are happy to report that we are ahead of the anticipated schedule,” an automated message on CDK’s customer care phone line said. The outage began on Wednesday, June 19, after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. Auto dealerships use CDK’s software to manage everything from scheduling to records. For days, CDK has said it had started restoring its software, but both car buyers and dealers remained at a standstill.
Persons: CDK, “ It’s, ” Bernard Irvin, Samantha Delouya Organizations: New, New York CNN, Auto, Anderson Economic, Ford, CNN Locations: New York, North America, Greenville , South Carolina
But for anxious Democrats hoping Jill Biden will step in, don’t hold your breath. Jill Biden has been by his side for almost that entire time. Jill Biden believes that there is no one else who can defeat former President Donald Trump who poses a serious threat to democracy. President Biden and first lady Jill Biden, right, arrive on Marine One with granddaughters Natalie Biden, from left, and Finnegan Biden in East Hampton, N.Y. on Saturday -- two days after his disappointing debate performance. “Jill Biden, I begin to suspect, doesn’t want to talk about her feelings.
Persons: Kate Andersen Brower, Joe Biden, Jill Biden, Kate Brower katebrower.com Joe Biden, Catherine “ Jean ” Finnegan Biden, Biden, Valerie Biden Owens, Hunter, Jill, Joe isn’t, , , Joe, , you’ve, ’ ”, Barack Obama, Donald Trump, Melania Trump, à la Nancy Reagan, Nancy Reagan, Natalie Biden, Finnegan, Evan Vucci, Symone Sanders, Sanders, ” Jill, misspoke, Lady Jill Biden, Norman Jean Roy, Vogue Jill Biden, don’t, Biden’s, Camp David, “ Jill Biden, doesn’t, Singer, Trump, Hillary Clinton, Rosalynn Carter, Ronald Reagan, Rosalynn, Jimmy, Betty Ford, Carter, , Lady Bird Johnson, Hubert Humphrey, John F, Lady Bird Organizations: White, CNN, New, Stonewall, Republican, Finnegan Biden, Biden campaign’s, Vogue Magazine, Vogue, CBS, Camp, New York Times, Trump Locations: East Hampton, N.Y, Los Angeles, New Hampshire, Washington, Minnesota, Vietnam
New York CNN —Tesla sales fell for the second straight quarter. In the fourth quarter BYD briefly passed Tesla in global EV sales. But the better-than-expected Tesla sales were enough to lift shares of Tesla (TSLA) by more than 9% in midday trading. The strong EV sales were balanced by a slight drop - about 0.3% - in sales of traditional gasoline powered cars. Toyota’s US EV sales soared even more, rising 301% to 11,600.
Persons: Tesla, Elon Musk, , BYD, CNN’s Laura He, Peter Valdes, Dapena Organizations: New, New York CNN, clamoring, Tesla, Volkswagen, General Motors, Ford, GM, EV, Blazer EV, Cadillac, Toyota Locations: New York, China, Europe, North America
In the first, “The Death of R.M.F.,” Jesse Plemons plays Robert, the hapless puppet of his boss Raymond (Willem Dafoe). Eats a Sandwich,” Stone and a now-shaven headed Plemons are the disciples of a purity cult led by Dafoe, tasked with locating someone able to revive the dead. Emma Stone plays three characters across three stories in Yorgos Lanthimos's "Kinds of Kindness," and her wardrobe journey reflects that. “Willem is such a great example: you are a CEO, and then you’re (Stone’s) father, and now you’re a leader of a sex cult. Yorgos Lanthimos/Searchlight PicturesIn the third chapter Dafoe plays a cult leader, freed from Raymond’s designer suits and instead sporting little else besides eyeliner and orange Speedos.
Persons: darlings, He’s, , ” Jesse Plemons, Robert, Raymond, Willem Dafoe, , Emma Stone, Plemons, , Dafoe, Yorgos Stefanakos, Yorgos, ” Jennifer Johnson, ” Johnson, Gianni Agnelli, Italy’s, Agnelli, ” Dafoe, Emma Stone’s, Johnson, Atsushi Nishijima, “ Anna Karenina ”, — Plemons, Tom Ford turtleneck Robert’s, “ Willem, Jesse Plemmons, Margaret Qualley, Rebecca, Ruth, she’s, lambasting Robert, “ There’s, it’s, ‘ yup, Ken, Barbie, “ They’re, groans Organizations: CNN, Searchlight, Fiat Locations: Hong, Venice, New Orleans
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