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My wife and I built a slab for our RV on my son's property to be near family when we want. I'd spent years as an executive in Southern California, and I had a retirement plan in place for quite some time. My vision for retirement did not include living in an RV or moving to Washington state. My son's house was a fixer-upper, so we helped out with all sorts of projects to help the kids make it their dream home. AdvertisementIn many ways, we're living out our retirement dreamsOur expenses are lower than they were when we had a house.
Persons: I'd, , Chris Mott, we'd, we've, I'm, I've Organizations: UFO, Design, Social Locations: Southern California, Vancouver , Washington, Washington, Washington and Oregon, Arizona , New Mexico , Texas , Utah, Nevada, Lake Havasu, Roswell, Texas, Vancouver
CNN —President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. Compared to Lutnick’s more aggressive campaign for the role, Bessent led a more understated quest for the position. All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.
Persons: Donald Trump, Scott Bessent, “ Scott, ” Trump, Scott, ” Bessent, Trump, George Soros, Bessent’s, Bessent, Pete Buttigieg, , Howard Lutnick –, Lutnick, Cantor Fitzgerald, fides, MAGA, Elon, Steven Mnuchin, Mnuchin, Kayla Tausche, Matt Egan Organizations: CNN, Department of, Treasury, of Innovation, Capital, U.S, Reserve, Square Capital Management, Soros Fund Management, Democratic, Senate, Republican, Associated Press, Biden, Wall Street, Trump, , Financial Times, CNBC, Soros, United, Republicans, Treasury Department Locations: United States, United States of America, China
AdvertisementThe FAA is reviewing an issue with the Boeing 737 Max's engine. Boeing could face further delays to new jets as regulators examine an engine issue. It comes after two incidents on Southwest Airlines Boeing 737 Max jets last year. On Thursday, the Federal Aviation Administration announced it was convening a review board to address an issue with the CFM LEAP-1B engine that powers the Boeing 737 Max. Coming up with that could further delay the certification of its 737 Max 7 and 737 Max 10 jets — the shortest and longest versions of Boeing's newest narrow-body plane.
Persons: Max, Pete Syme, Scott Kirby Organizations: Boeing, Seattle Times, Southwest Airlines Boeing, Max, Federal Aviation Administration, CFM, FAA, Air, Business, Alaska Airlines, Boeing's, United Airlines Locations: Cuba
Susan Wiles, Trump's incoming chief of staff, maintained ties to a lobbying firm until this month. Sean Duffy, Trump's pick for Transportation secretary, has lobbied for a group of major airlines. The EPA, under Obama, Trump, and Biden's administrations, have repeatedly opposed efforts to mine in the bay, home to one of the world's largest salmon fisheries. Starting not long after he left Congress in 2019, Duffy lobbied for Polaris, a US auto manufacturer known its off-road and recreational vehicles. ProPublica previously reported that Duffy lobbied White House trade adviser Peter Navarro as Polaris sought to win exemptions to tariffs on the parts it was importing.
Persons: Donald Trump's, Susan Wiles, Sean Duffy, Trump's, Donald Trump, Susie Wiles, Pam Bondi, Wiles, Duffy, Uber —, Bondi, Ballard, Trump, Jeff Hauser, Brian Ballard, Alaska . Sen, Lisa Murkowski, Obama, Peter Navarro, Ron Klain, Biden's, Fannie Mae, Steve Ricchetti, Biden, Jeff Ricchetti, Barack Obama, Hauser, Hauser isn't, " Hauser Organizations: Washington, Incoming White House, Amazon, GM, MetLife, Fidelity National Financial, Ballard Partners, Trump, Republican, The New York Times, Alaska ., Alaska Republican, Partnership, EPA, Federal Aviation Administration, United, Polaris, White, General Motors, Uber, Fidelity, North, Major League Baseball, Biden, Raytheon, Politico Locations: Florida, Riyadh, Saudi Arabia, Trump, Alaska, North America, Bondi, Washington
Hong Kong CNN —In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high. There was even talk it could soon overtake the United States as the world’s largest. But last year, Mexico overtook China as the top exporter of goods into the United States, according to the Commerce Department. China had held that perch for 20 years before its exports to the United States fell by 20% to $427 billion last year. Women walk at a fashion accessories store displaying a poster to promote Singles' Day discounts at a shopping mall in Beijing, China, on November 11, 2024.
Persons: Donald Trump, Trump, , Dexter Roberts, Joe Biden, Matthews, Wang Shouwen, ” Andy Rothman, , Liza Tobin, Calvin Klein, Tommy Hilfiger, Beijing’s, don’t, Sean Callow, Callow, Andy Wong, Rothman, Xi Jinping, Larry Hu Organizations: Hong Kong CNN —, Trump, Atlantic Council, Commerce Department, Matthews Asia, Treasury, CNN, PVH Corp, Bain & Company, ITC Markets, US, Peterson Institute, National Bureau of Statistics, Gross, Macquarie Bank Locations: China, Hong Kong, Beijing, United States, Mexico, Lianyungang, US, Xinjiang, , Shanghai, New York,
AdvertisementNatalie Fischer quit her corporate job to become a solopreneur creating financial content. In 2023, Fischer took a leap of faith and quit her corporate job to focus full time on finance content creation as a solopreneur, or a one-person business. Advertisement"That gave me a lot of comfort knowing that if worse comes to worse, I can always get another job," Fischer said. You can do bothBeing a solopreneur and working a corporate role aren't diametrically opposed. Fischer has seen fellow solopreneurs balance a content creation business, a corporate role, and even write a book at the same time.
Persons: Natalie Fischer, Fischer, influencer, Fischer couldn't, She's, Fischer's, Goldman Sachs, didn't, I'd, Christine Ji Organizations: Business
CNN —It began with a peace move nobody wanted and ended with an experimental missile strike so rare in war Moscow gave a 30-minute heads-up to Washington. The White House publicly authorized Ukraine Sunday to fire missiles it supplied into Russia proper, which it swiftly did Monday. Moscow responded by using an experimental medium-range missile, with hypersonic speeds and a multiple warhead system usually reserved for nuclear payloads, to strike Dnipro Thursday. Similarly, Putin’s decision to launch the Oreshnik missile was likely Moscow stepping up another rung on a carefully prepared ladder of escalation. Yuri Budanov, head of Ukraine’s defense intelligence, said Friday it was a “medium-range ballistic missile, a nuclear weapons carrier.
Persons: Donald Trump’s, Putin, Olaf Scholz, Vladimir Putin, Scholz, Trump, Joe Biden’s, , Russia’s, , Yuri Budanov, ” Budanov, Biden Organizations: CNN, White House, Ukraine Sunday, Dnipro Thursday, Kremlin, Russia’s, Foundation, NATO, Intermediate Nuclear Forces, US, United Kingdom’s Defence Intelligence Locations: Moscow, Washington, Ukraine, Russia, Germany, Europe, Poland, France, Dnipro, Kyiv, Kharkiv, Kupiansk, Zaporizhzhia, Kursk
These additives, along with high levels of sugar, salt and fat, help create the overwhelming lure of ultraprocessed foods. Ultraprocessed foods are typically high in added sugars, fats and salt; low in dietary fiber; and full of chemical additives, such as artificial colors, flavors and stabilizers. “There’s a lot of debate about whether or not all ultraprocessed foods are bad for you,” Hall said. Reduce intake of ultraprocessed foods — it’s really that simple.”Unfortunately, advisory committees are instructed to make recommendations using only the strictest science, Nestle added. It takes two overflowing trays of a mix of minimal and ultraprocessed foods to match the same energy density as one trayful of ultraprocessed foods.
Persons: Sam Srisatta, Srisatta, , Kevin Hall, Bert Lahr, Oz, , Jeff Greenberg, ” Hall, Marion Nestle, Paulette Goddard, Nestle, Hall, ” Nestle, “ It’s, It’s, LaMotte, Walter Willett, ” Willett, Dr, Fatima Cody Stanford, ’ ” Stanford, Deirdre Tobias, ” Tobias, Robert F, Kennedy Jr, Donald Trump’s, Kennedy, Bonnie Liebman, Liebman, they’ve, ” It’s, Kevin Hall’s, it’s, ” Srisatta, Sara Turner, ” Turner, Tera Fazzino, Fazzino, Sam Srisatta’s, won’t Organizations: CNN, Unit, National Institutes of Health Clinical, National Institute of Diabetes, Diseases, Cowardly, US Food and Drug Administration, Universal, FDA, Volunteers, Nutrition, Food Studies, Public Health, New York University, , World Health Organization, US Department of Agriculture, US Department of Health, Human Services, Harvard, of Public Health, Disease Prevention, Health, Harvard Medical School, Massachusetts General Hospital, , , Brigham, Women’s Hospital, Assistance, SNAP, Center for Science, NIH, University of Kansas Locations: Bethesda , Maryland, Bethesda, Japan, United States, Chan, Boston, Massachusetts
A lottery is being held on Monday to determine who will be the 16 people who get to witness what happens next in the case of the Menendez Brothers, who are serving life sentences for murdering their parents in 1989. The drawing will take place between 8 a.m. and 9 a.m. Pacific time, in front of the Van Nuys Courthouse West, the Superior Court of Los Angeles County said. The seats for 16 people, in a county of more than 10 million residents, will be allocated just one hour before the status hearing is set to begin at 10:30 a.m. The court occasionally holds public lotteries “when seating is limited and public interest is high,” a court spokesperson said in an email. Erik and Lyle Menendez killed their parents, Jose and Kitty Menendez, more than 35 years ago in their Beverly Hills mansion.
Persons: Menendez, Van, Erik, Lyle Menendez, Kitty Menendez Organizations: Court of, Netflix Locations: Los Angeles, Angeles County, Beverly
Earlier this year, she spent a week in the hospital due to a collapsed lung, a severe complication of pneumonia. The support she received from the hospital staff and her friends confirmed that moving there was the right decision. "We have to go to the hospital right now," my doctor told me after confirming that my right lung had collapsed. I felt scared and focused on my friend as the surgeon told me to hold my right arm above my head and stay still. People I didn't know well would call to check in, and friends of friends would send well wishes.
Persons: Sinead Mulhern, I'd, Ecuador —, hadn't, I'm, Sanja, We've, Jonathan, KFF Organizations: Monopoly Locations: Ecuador, Cuenca —, Quito, South America, Ecuadorian, Canada, Australia, South Africa, England, Venezuela
The Spartanburg, South Carolina, company is recalling more than 72,000 pounds of meat and poultry products because of possible listeria contamination. All ready-to-eat products produced before October 28 are included, the US Department of Agriculture’s Food Safety and Inspection Service says. Anyone who has these recalled products should not eat them. Listeria bacteria causes listeriosis, the third leading cause of death from foodborne illness in the United States. If you develop these symptoms and may have eaten recalled products, get medical care right away.
Persons: Shang, monocytogenes, , “ Listeria, Dr, Sanjay Gupta Organizations: CNN, Shang Food Inc, US Centers for Disease Control, US Department of Agriculture’s, Service, Food Safety, Inspection Service, CDC, , CNN Health Locations: Spartanburg, South Carolina, California, Illinois, New York, New Jersey, United States
Russia has supplied North Korea with antiaircraft missiles in return for the deployment of its troops ​to fight in Russia’s war against Ukraine, South Korea’s national security adviser said on Friday.​In recent weeks, North Korea has sent an estimated 1​1,000 troops, some of whom have joined Russian forces in their fight to retake territories occupied by Ukraine in Russia’s Kursk region, according to South Korean and United States officials. It has also sent close to 20,000 shipping containers of weapons to Russia since the summer of 2023, including artillery guns and shells, short-range ballistic missiles and multiple-rocket launchers, South Korean officials have said. In return, North Korea has been widely expected to seek Russian help in modernizing its conventional armed forces and advancing its nuclear​ weapons program and missiles. One of the ​biggest weaknesses of the North Korean military ​has been its poor​, outdated air defense system, while the United States and its allies in South Korea and Japan run fleets of high-tech war planes, ​including F-35 stealth fighter jets. “We understand that Russia has provided related equipment and anti-air missiles to shore up the poor air defense for Pyongyang,” the North Korean capital, ​South Korea’s national security adviser​, Shin Won-shik, ​said in an interview with SBS-TV on Friday.
Persons: , Shin Won Organizations: Russian, South, United, North Korean, SBS Locations: Russia, North Korea, Ukraine, South, Russia’s Kursk, South Korean, United States, South Korea, Japan, Pyongyang,
And now, an extremely rare first edition of his most famous work, the political manual “The Prince,” is going up for auction, with an expected sale price of up to £300,000 ($375,000). The copy of the early 16th-century book is one of only 11 first editions to be recorded, according to auction house Sotheby’s. The book was printed in 1532 and bound with Machiavelli's "Florentine Histories" in an Italian binding, according to Sotheby's. Heaton said the auction house is “delighted” and “excited” to offer the “incredibly rare book” at Sotheby’s in London in its next Books & Manuscripts auction, which runs from November 28 to December 12. The political treatise, dedicated to Florentine ruler Lorenzo di Piero de’ Medici, was circulated as a manuscript before Machiavelli’s death in 1527.
Persons: Niccolò Machiavelli, , ” Gabriel Heaton, Heaton, , Machiavelli, , Medici, Prince ”, Lorenzo di Piero de ’ Medici, Biagio Buonaccorsi, ” Machiavelli Organizations: London CNN, Sotheby’s, CNN, Catholic Church Locations: Italian, Italy, Sotheby’s, London, Florentine, Casciano
"Gladiator II" and "Wicked" are facing off at the box office this weekend. Related storiesCritics Score Audience Score "Wicked" 90% 98% "Gladiator II" 72% 84%If time is of the essence, there's no tie-breaker there. AdvertisementRuntime "Wicked" 2h 40m "Gladiator II" 2h 28mIf you want something you can see with the whole family, the choice is clear: "Wicked" is more kid-friendly. 'Gladiator II' has more Paul Mescal in it, thoughPaul Mescal is in "Gladiator II" and not "Wicked." Ultimately, follow your own taste"Wicked" nor "Gladiator II" are both worth the price of theater admission (and maybe even a popcorn and soda).
Persons: there's, Ridley Scott, Russell Crowe, Joaquin Phoenix, Lucius Verus, Paul Mescal, Connie Nielsen, Jon M, Chu, Cynthia Erivo, Ariana Grande, Oz, you've, Glinda, It's, Oscar, Erivo, Pedro Pascal, Denzel Washington, Aidan Monaghan, belting, Ariana, Giles Keyte Organizations: Pictures, Paramount, New York Times, Universal Pictures Locations: Rome
Barack Obama was elected president, and the mood in the Republican Party picked up on the mood you’ve already described. But in the end, what he did electorally was not in that election to build the pan ethnic working class Republican Party. But at the very least, there was the conventional wisdom was that the Republican Party had to move substantially to the left on immigration. I just think that if the Republican Party is not the party of private property and wealth building, so I don’t think. Is there any chance that the Republican Party is about to not be the party of private property and wealth building No, no, I think you’re right.
Persons: I’m Ross Douthat, Donald Trump didn’t, Trump, I’ve, Reihan Salam, Reihan, George W, I’m, pry, Ross, Ross Douthat, let’s, Bill Kristol, Bush, Boomer, Giuliani, Ronald Reagan, wasn’t, Bill O’Reilly, Ross Reihan, Bush’s, Barack Obama, Obama, That’s, Mitt Romney, Paul Ryan, Ryan, Rush Limbaugh, notionally, Jeb Bush, Marco Rubio, Bill Clinton, Donald J, Let’s, it’s, It’s, , Donald Trump, Rudy Giuliani, Will, electorally, Romney, we’d, didn’t, Pat, John McCain, Frank, Kavanaugh, Trump’s, George Floyd, Biden, hadn’t, progressivism, premised, ender, New Party ”, ryan, neoliberals, Steve Bannon, Steve Moore, we’re, Moore, Bannon didn’t, COVID, JD Vance, Elon Musk, Musk, he’s, Vance, hasn’t, Clinton, Hillary Clinton, Margaret Thatcher’s, Reagan, Roosevelt, Republican policymaking, we’ve Organizations: New York, Republican Party, Manhattan Institute for Policy Research, New Party, New York Times, Harvard Institute of Politics, Harvard, The, Democratic, Great Society, Republicans, Republican, Reagan Democrats, Tribune, Trump, Perot, Tea Party, Party, Social Security, Grand New Party ”, Romney, Obama Trump voters, GOP, Amnesty, Reagan, Biden, American, America, romney, Infrastructure, Clinton Democrat, Uc Locations: Washington , DC, Northwestern, Washington ,, New York, Washington, Iraq, America, , China, American, United States, Clinton, it’s, Nevada
Dollar hugs 13-month peak as market awaits next Fed cue
  + stars: | 2024-11-22 | by ( ) www.cnbc.com   time to read: +4 min
Global PMIs are due later in the day, although those figures should not "change the dial too much," said Tony Sycamore, market analyst at IG. Recent comments from Fed officials, including Chair Jerome Powell, have indicated the central bank may take a slower course in its rate cut path. Among Trump policies on weighing on investors' minds were the president-elect's campaign pledges of tariffs, with Europe and China both likely in the firing line. The euro , which makes up a hefty portion of the dollar index, steadied at $1.0475 after falling to a 13-month low of $1.0461 on Thursday. The dollar was last down 0.17% on the day at 154.27 yen.
Persons: Tony Sycamore, It's, it's, Sycamore, Donald Trump's, Jerome Powell, CME's, Trump, Sterling, Bitcoin, Marcel Thieliant, Kazuo Ueda Organizations: The U.S, greenback, Bank of Japan's, Global, IG, U.S, PCE, Trump, Capital Economics Locations: Rio de Janeiro, Brazil, The, Europe, China, Russia, Ukraine, Germany, Asia
Global citizenship firms said clients are especially concerned about LGBTQ+ rights and the economy. American interest in secondary passports has been on the rise over the last year — and global citizenship firms have reported another surge since President Donald Trump's reelection. AdvertisementThe firm said it saw a 392% increase in inquiries from US nationals during election week compared to the week prior. AdvertisementHe said people are concerned about Trump's promise to raise tariffs, and how that could impact the economy and the US dollar. Leading up to the 2020 election, Jafri said there was an increase in interest from his clientele's Republican contingent.
Persons: Donald Trump's, Judi Galst, Reaz Jafri, Dasein, Jafri, isn't, he's, Galst, Rose Emmett, she's, Emmett, Elizabeth Warren, they've, Galt Organizations: Global, Henley & Partners, New, CS Global Partners, Republican Locations: New York, Europe, London, United States
AdvertisementJPMorgan tech exec Teresa Heitsenrether talked about the bank's ongoing adoption of generative AI. And it certainly has helped with that," Heitsenrether, who is responsible for executing the bank's generative AI strategy, told a conference in New York on Thursday. AdvertisementDimon himself is a "tremendous user," she said, and is waiting for the ability to use the bank's tools on his phone. JPMorgan, America's largest bank, has now rolled out the LLM Suite, a generative AI assistant, to 200,000 of its employees. The wealth and asset management arm was the first division to use generative AI, piloting a generative AI "copilot" for its private bank this summer.
Persons: Teresa Heitsenrether, Heitsenrether, it's, Jamie Dimon, Dimon, He's, Keri Smith, What's, she'll, Sumitra Ganesh, Ganesh Organizations: JPMorgan, Accenture Locations: New York
Badhwar has lived in Delhi for 40 years and, despite pollution concerns, has not moved out. He told BI he values the melting pot community and family he has in the city. I've lived in Delhi my entire life — for four decades now — and I've seen it grow over the years into the melting pot that it is today. I bought my first air purifier in 2016, when people started talking more and more about the Air Quality Index (AQI). It's a melting pot, and especially after the tech boom in Gurugram, people come from all over the world.
Persons: Badhwar, Varun Badhwar, It's, I've, , purifier Organizations: Condé Nast Locations: Delhi, Condé, Condé Nast India, New Delhi, Punjab, Haryana, Canada, Gurugram
The deal includes an agreement for Anthropic to use Amazon's AI chips more. The goal of all this money is mainly to get Amazon's AI chips to be used more often to train and run large language models. It's also going to help Amazon design future Trainium chips and contribute to building out an Amazon AI model development platform called AWS Neuron. The Information reported recently that Anthropic prefers to use Nvidia GPUs, rather than Amazon AI chips. In May, Bernstein analyst Stacy Rasgon told Business Insider he wasn't aware of any companies using Amazon chips at scale.
Persons: Anthropic, It's, Dario Amodei, we've, Andy Jassy, Bernstein, Stacy Rasgon, Jassy, Amodei Organizations: Amazon, Nvidia, Business, Google, Locations: Anthropic, San Francisco
AdvertisementThe ending of "Gladiator II" pays homage to Russell Crowe's character in "Gladiator." "Gladiator II" doesn't end on a cliffhanger, but there may still be room for another sequel. Spoilers ahead for "Gladiator" and "Gladiator II." AdvertisementRome is still a mess in "Gladiator II," set 16 years after the first film. AdvertisementMescal told Variety last week at the London premiere of "Gladiator II" that he would be "massively down" to appear in the next sequel.
Persons: Russell Crowe's, Scott, I've, Denzel Washington, Cuba Scott, Maximus Decimus Meridius, Russell Crowe, Maximus, Marcus Aurelius, Lucilla, Connie Nielsen, Aurelius, Caracalla, Fred Hechinger, Joseph Quinn, Marcus Acacius, Pedro Pascal, Acacius, Aidan Monaghan, Lucius, Paul Mescal, Rome, Marcinus, Mescal Organizations: Paramount Pictures, Paramount, Variety, London Locations: Rome, Cuba, Acacius
AdvertisementUniversal released "Wicked" on the same day as Paramount's "Gladiator II." The coincidental release date has seen the movies dubbed "Glicked" — an echo of "Barbenheimer." They will have to make over $2 billion to compete with "Oppenheimer" plus "Barbie." There's a new "Barbenheimer" in town, as two other highly anticipated blockbusters, "Wicked" and "Gladiator 2," have premiered on the same day. Related Video A real-life Barbie Dreamhouse opens in MalibuThis created a cultural moment, dubbed "Barbenheimer," that breathed life into a struggling industry as cinemagoers approached the films as a double bill.
Persons: Oppenheimer, Barbie Dreamhouse, cinemagoers, Barbie, Paramount's, w8vhOkU6GY Organizations: Warner Bros, Universal, Teens Locations: Malibu
CNN —Nearly six years after actor Jussie Smollett was accused of staging a hate-crime hoax in downtown Chicago and lying to police, an Illinois Supreme Court decision overturned his conviction on Thursday over prosecutorial issues, according to the Associated Press. Brothers Olabinjo Osundairo and Abimbola Osundairo arrive at court for a hearing for actor Jussie Smollett in Chicago on July 14, 2021. Kamil Krzaczynski/ReutersIn a statement thanking fans in 2019, Smollett said he had “been 100% factual and consistent on every level” in response to doubts about his story’s integrity. Smollett told Abimbola Osundairo he was disappointed in the “Empire” team’s reaction to the letter, according to prosecutors. I wouldn’t have had a trial,” Smollett told ET.
Persons: Jussie Smollett, Kim Foxx, , Nenye, Smollett’s, Joe, ” Uche, , he’s, , CNN’s Laura Coates, Foxx, Dan K, Webb, Smollett, Donald Trump –, Olabinjo, Abimbola Osundairo, Kamil Krzaczynski, Eddie Johnson, ” Johnson, Johnson, Brian CassellaPool, Holliday, ” Smollett, Tonight’s Nischelle Turner, , Chris Boyette, Bill Kirkos, Omar Jimenez, Steve Almasy, Ashley Killough, Christina Maxouris Organizations: CNN, Associated Press, AP, Fox, , Chicago, Smollett, Chicago Police Department, Authorities, Reuters, Chicago Police, Chicago police, Police, Chicago Tribune Locations: Chicago, Illinois, Cook, City, MAGA, Cook County
New census data shows that many more people moved into Florida than left between 2022 and 2023. Read on for an analysis of where movers to Florida came from — and where Sunshine State leavers headed for greener pastures. Related storiesPeople who move out of Florida tend to stay in the SouthSimilar to last year, Georgia was the most popular state for those leaving Florida. Some have told BI that they moved to North Carolina for the state's natural beauty and employment opportunities. "We didn't want to leave Florida," John told BI in 2023.
Persons: Derek Edwards, Edwards, Terry Gilliam, John, Natalia Organizations: Sunshine State, American Community Survey, Sunshine, Golden State Locations: Florida, Wisconsin, Colorado, Caribbean, Miami, , York, California, Texas, New York, Georgia, North Carolina, Virginia, Tennessee, Alabama, South Florida, Dell Prairie , Wisconsin
How the EV era is challenging leading engine maker Honda
  + stars: | 2024-11-22 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +3 min
Honda is the world's largest engine manufacturer, powering about 27 million cars, motorcycles, generators, yard tools, airplanes, and other items. But it is struggling in some key regions, especially China, and it's challenged by the era of electric vehicles. Honda has been relatively slow to release models, and it has depended heavily on partners to keep up. Honda does have an in-house EV plan and its own platform. It's sinking $65 billion into EVs and software globally, including $11 billion in Canada and $3.5 billion for upgrades to facilities in the United States.
Persons: it's, Karl Brauer, they'd, Jake Fisher, Honda's, Gregory Noble Organizations: Honda, Acura, Ferrari, Lamborghini, Porsche, McLaren, Consumer, U.S, General Motors, Detroit, Toyota, University of Tokyo's Institute of Social Science Locations: U.S, China, Canada, United States
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