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☆ GM slows its EV plans again even as sales grow
▼ + stars: | 2024-07-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Barra's comments come a week after she raised concerns about GM hitting its North American EV production capacity target. The entire Buick brand has targeted being fully electric by 2030, as part of GM's plans to exclusively offer consumer EVs by 2035. GM previously announced plans for four of the multibillion-dollar plants in the U.S. by 2026. Barra on Tuesday said the company would grow cell production in a "meaningful cadence." GM CFO Paul Jacobson declined to discuss potential plans to delay or cancel the automaker's future EV battery cell plants, aside from the two facilities making cells in Ohio and Tennessee.

Persons: Motors, Mary Barra, Barra, Paul Jacobson, " Jacobson, EVs, Jacobson Organizations: DETROIT –, Buick, GM, American, Detroit, LG Energy, EV Locations: Detroit, DETROIT, U.S, Michigan, North America, Ohio, Tennessee

☆ GM indefinitely delays Cruise Origin autonomous vehicle
▼ + stars: | 2024-07-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – General Motors is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations. The Detroit automaker said Tuesday its majority-owned robotaxi unit will instead focus on using the next-generation Chevrolet Bolt for development of autonomous vehicles. Cruise has been using now-discontinued Bolts for autonomous vehicle development for several years. It was not immediately clear how many Origin vehicles the facility has produced, however it was previously reported that ex-Cruise CEO Kyle Vogt, a cofounder, told staff that hundreds of Origin vehicles had been produced. Cruise in February 2022 petitioned U.S. regulators seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without the human controls.

Persons: Mary Barra, Cruise's, Cruise, Rowe Price, Kyle Vogt Organizations: DETROIT, Motors, Cruise, Detroit, GM, Honda Motor, Microsoft, Walmart Locations: Detroit, San Francisco, Phoenix , Houston, Dallas, Dubai, U.S

☆ General Motors is set to report earnings before the bell
▼ + stars: | 2024-07-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. DETROIT — General Motors is set to report second-quarter results before the bell Tuesday. Here is what analysts expect, according to average estimates compiled by LSEG:Earnings per share: $2.75 adjusted$2.75 adjusted Revenue: $45.46 billionThose results would mark a 1.6% increase in revenue compared to a year earlier and a 44.2% increase in adjusted earnings per share. GM's second-quarter results last year included $44.75 billion in revenue, net income attributable to stockholders of $2.57 billion and adjusted earnings before interest and taxes of $3.23 billion. GM's 2024 guidance includes adjusted earnings of $12.5 billion to $14.5 billion, or $9 to $10 a share, and adjusted automotive free cash flow in a range of $8.5 billion to $10.5 billion.

Organizations: GMC, General Motors, DETROIT —, Street, GM, Detroit, America's Locations: Austin , Texas, DETROIT, China

☆ Live Updates: Secret Service Chief Testifies on ‘Failed’ Response at Trump Rally
▼ + stars: | 2024-07-22 | by ( Luke Broadwater | David Fahrenthold | ) www.nytimes.com time to read: +5 min

Ms. Cheatle joined the Secret Service in 1995 and spent more than two decades there before leaving in 2021 to lead the North American security operations for PepsiCo. Ms. Cheatle, 53, is the second woman to lead the Secret Service. By the time she had graduated from college four years later, Ms. Cheatle had applied for a job at the Secret Service, the newspaper said. At the Republican National Convention on Wednesday, two Republican senators chastised Ms. Cheatle in a confrontation that was captured on video. An internal Secret Service investigation of the shooting is underway, as are several inquiries in Congress.

Persons: Kimberly, Donald J, Trump, Kimberly A, Bill Clinton, Dick Cheney, Cheatle, Biden, Cheney, Barack Obama’s, Jill Biden, Charles Marino, ”, “, Ms, Marsha Blackburn of, John Barrasso of, Anthony Guglielmi, Cheatle “, Mr, Guglielmi Organizations: Capitol, Secret Service, North, PepsiCo, Service, Security Magazine, Eastern Illinois University, The News, Gazette, World Trade Center, Pentagon, Mr, ABC, Republican National Convention, Secret Locations: Illinois, Danville , Ill, Chicago, Detroit, Atlanta, Laurel , Md, Butler, Pa, Marsha Blackburn of Tennessee, John Barrasso of Wyoming

☆ Automakers report earnings this week. GM is set to be the standout
▼ + stars: | 2024-07-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

That compares to LSEG estimates for Ford Motor that call for adjusted earnings per share of 68 cents for the second quarter, down 5.2% from the second quarter of 2023. Ford is scheduled to report Wednesday afternoon after markets close, followed by Chrysler parent Stellantis , which reports earnings biannually, releasing its first-half results Thursday morning. Stock Chart Icon Stock chart icon GM, Ford and Stellantis stocks in 2024. "Both are expected to raise 2024 guidance." Evercore still expects a "solid" second quarter for Ford, though, trending toward the upper half of its previously announced 2024 guidance.

Persons: Mary Barra, Ford, Dan Levy, Chris McNally, Itay Michaeli, Jim Farley, Michael Wayland, Carlos Tavares, Natalie Knight, Stellantis Organizations: New York Stock Exchange, NYSE DETROIT —, Motors, Detroit, America's, GM, Ford Motor, Chrysler, Ford, Barclays, Citi, CNBC Locations: Detroit, North America, Europe, Auburn Hills, Mich

☆ A millennial couple overcame 3 challenges turning a ruined chapel into a $250-a-night Airbnb. Take a look.
▼ + stars: | 2024-07-22 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

"We were like, 'Oh, look at that cute little church," O'Mara, a 39-year-old real-estate agent, told Business Insider. AdvertisementThey didn't think of the chapel again until O'Mara stumbled upon it when scanning real-estate listings for work. The Dunnigans turned the chapel into an event space and an Airbnb that they said brings in $40,000 in revenue a year. The chapel was built by volunteers in the early 1900s to be a place of worship for Norwegian-speaking Lutherans. Paulette Hagen Simple Website CreationsThey then found a local contractor whose father had built church altars.

Persons: —, O'Mara, Adam Dunnigan, " O'Mara, Adam, Dunnigans, Paulette Hagen, wouldn't, Adam's, they've, — O'Mara Organizations: Service, Detroit, Business Locations: Detroit Lakes , Minnesota, Minnesota, Fargo , North Dakota, Minneapolis, Audubon, Detroit Lakes, Portugal

CNN —With President Joe Biden’s support unleashing a flood of endorsements from many prominent Democrats across the country, Kamala Harris has emerged as the favorite to take his place as the party’s nominee for president. The campaign formally amended filings with the Federal Election Commission to rename its principal committee and declare Harris a candidate for president. Cooper previously waved off speculation that he might be on the shortlist for vice presidential nominees if Biden steps aside and Harris becomes the nominee. “Are you at least open to the possibility of being a running mate to Vice President Harris?,” Beshear was asked on MSNBC Monday morning. “I’m not going anywhere.”Whitmer, first elected governor in 2018, emerged as a prominent executive during the height of the Covid-19 pandemic.

Persons: Joe Biden’s, Kamala Harris, Harris, Biden, Roy Cooper, Josh Shapiro, Arizona Sen, Mark Kelly, Jeff Zeleny, Shapiro, ”, Barack Obama, Donald Trump, Corey Comperatore, Trump, “ Corey, Corey, ” Shapiro, ” Roy Cooper, “, Cooper, ” Cooper, Mark Kelly Arizona Sen, Gabby Giffords, Kelly, Katie Hobbs, Andy Beshear, Beshear, ” Beshear, He’s, Steve Beshear, J.B, J.B . Pritzker, Pritzker, Wade, Chicago Mayor Brandon Johnson, Pete Buttigieg, It’s, Buttigieg, Mike Pence, Vance, Bill Maher ”, ” Vance, ” Buttigieg, Gretchen Whitmer, “ I’m, ” Whitmer, Whitmer, She’s, That’s, Abby Phillip, who’s, ” Gavin Newsom California, Gavin Newsom, Ron DeSantis, X, Donald Trump’s, @KamalaHarris, Newsom, CNN’s Tami Luhby, Ethan Cohen, Jasmine Wright, Devan Cole, Gregory Krieg, Edward, Isaac Dovere, Dan Merica Organizations: CNN, Democratic, Federal, Commission, Democratic National Convention, North Carolina Gov, Arizona, Democrats, ” CNN, ” Roy Cooper North Carolina Gov, Republicans, Republican, Biden, North Carolina House of, North, Democratic Party, MSNBC, Senate, GOP, Affordable, Pritzker, Pritzker Illinois Gov, South, Chicago Mayor, White, Transportation Department, Fox News, Yale Law School, Harvard, Trump Republican, Gov, Detroit News, Trump, Golden, Electoral College Locations: Chicago, Pennsylvania, Philadelphia, Butler , Pennsylvania, America, North Carolina, Raleigh, Andy Beshear Kentucky, Bluegrass, Kentucky, Pritzker Illinois, Midwest, South Bend , Indiana, Afghanistan, East Palestine , Ohio, Michigan, Covid, Napa, San Francisco

☆ Darren Walker, Who Reoriented the Ford Foundation, to Step Down
▼ + stars: | 2024-07-22 | by ( Robin Pogrebin | ) www.nytimes.com time to read: +1 min

Darren Walker, the president of the Ford Foundation, one of the nation’s largest and most influential philanthropies, recently recalled the day his assistant excitedly told him that President Barack Obama wanted to meet him. He gently corrected her. “I said that President Obama wants to meet with the president of the Ford Foundation — he isn’t interested in meeting with Darren Walker,” he said. “It’s important to have that clarity so that when the day comes that you’re no longer president of the Ford Foundation, you can still find joy and happiness and satisfaction.”For Mr. Walker, who turns 65 next month, that day will soon arrive. He announced Monday that he would step down as the president of the Ford Foundation at the end of 2025 after what will have been a consequential 12-year tenure in which he shifted the institution’s focus to inequality and oversaw the distribution of $7 billion in grants.

Persons: Darren Walker, Barack Obama, “, Obama, ”, Walker Organizations: Ford Foundation, Ford, Detroit Institute of the Arts Locations: Detroit

☆ Abdul ‘Duke’ Fakir, of Motown group the Four Tops, dead at 88
▼ + stars: | 2024-07-22 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Abdul “Duke” Fakir, a founding member of the Motown group the Four Tops, has died, according to his family. Born in Detroit, Fakir developed a love of music as a teen while performing with his local church and school choirs, according to a 2012 interview with NPR. In 1954, they formed the first iteration of their band in Detroit called the Four Aims, according to a Motown Museum biography of the group. “[O]nce we started singing, our whole perspective of life changed,” Fakir said in a 2022 interview with The Detroit News. In 2022, Fakir released his memoir “I’ll Be There: My Life With the Four Tops.”Fakir is survived by his wife, Piper Fakir, his children, 13 grandchildren and nine great-grandchildren.

Persons: CNN — Abdul “ Duke ” Fakir, Fakir, Piper, ”, ” Fakir, Honey, Levi Stubbs, Renaldo, Obie ” Benson, Lawrence Payton, Berry Gordy, “, Payton, Benson, Stubbs, Piper Fakir Organizations: CNN, Motown, Hall of Fame, NPR, Motown Records, Detroit News, Stone Locations: Detroit

☆ Trump has long been criticized for his public treatment of women. The ones in his life argue he’s different in private
▼ + stars: | 2024-07-20 | by ( Arit John | ) edition.cnn.com time to read: +8 min

Trump has long been known for the brash, even vulgar way he sometimes speaks about women. “President Trump championed my journey, empowering me to be who I became today,” Habba said. “The media’s negative portrayal of President Trump and his treatment of women is entirely false,” Karoline Leavitt, the Trump campaign’s national press secretary, said in a statement. “Every attack on President Trump only strengthens our movement,” said Habba, who represented Trump in the Carroll defamation suit. “Sham indictments and baseless allegations will not deter us, because the only crime President Trump has committed is loving America.”

Persons: Sarah Huckabee Sanders, Donald Trump, Trump, Alina Habba, Kai Trump, ” Sanders, “ Sarah, Bernadette Tuazon, ”, ” Habba, Kellyanne Conway, Trump’s, ” Conway, –, “, ” Lara Trump, Luke, President Trump, ” Karoline Leavitt, Leavitt, Trump’s brashness, Biden, Megyn Kelly, Kelly, Carly Fiorina, Sen, Ted Cruz, Hillary Clinton, ” Clinton, Jean Carroll, Carroll, White, Joe Biden, “ Mr, ” Biden, he’s, Habba, “ Sham Organizations: CNN, Republican, Republican National Convention, Democratic, White, ”, RNC, White House, Republican National Committee, Trump Locations: Milwaukee, Arkansas, ” Arkansas, Carolina, ”, Ted Cruz of Texas, Florida, Detroit, America

Here are the best mortgage lenders for first-time homebuyers and the affordable loans they offer, as chosen by Business Insider editors in 2024. If you're a Bank of America Preferred Rewards customer, you can get discountsCheck mark icon A check mark. Offers many unique types of mortgagesCheck mark icon A check mark. Low Cost Mortgages come with only $295 in closing costsCheck mark icon A check mark. Mortgage credit certificatesSome HFAs also offer mortgage credit certificates to first-time homebuyers.

Persons: It's, Chase, Grant, You'll, Carrington, Carrington doesn't, forbearance, HELOC, homebuyers, Truist, doesn't, Flagstar, they're, homeownership, Fannie Mae, Freddie Mac's, you'll, Anthony Park, Molly Grace, Julie Aragon, There's, Lauryn Williams, —, there's, PenFed, USAA, Wells, Wells Fargo, Ally Organizations: Homebuyers Bank of America Mortgage, Mortgage, Chase, Federal Credit Union Mortgage, New, U.S, Bank Mortgage, Federal Savings, Loan, Truist, Flagstar Bank, Business, Bank of America, of America, FHA, Bank, Bank of, Bank of America's, Miami . Bank of America, USDA, Guild Mortgage, Veterans, Navy, Credit, Federal, Navy Federal, Navy Federal Credit Union, Department of Defense, Student Loan, . Bank, US Bank, U.S . Bank, Carrington Mortgage, Carrington Mortgage Services, Consumer Financial Protection, DC, Private Mortgage Insurance, PMI, Down Payments, Quicken, Rocket Mortgage, Rocket, CrossCountry Mortgage, CrossCountry, Loans, Flagstar Bank Mortgage, Federal Housing Finance Agency, Federal Housing Administration, US Department of Housing, Urban, US Department of Veterans Affairs, US Department of Agriculture, Best, Chevron, CFP, Pentagon Federal Credit Union, BBB, Fairway Independent Mortgage Corporation, Veterans United, Movement Mortgage, NBKC, PNC Bank, Better Business Bureau Locations: VA, HELOC, Washington, DC, Charlotte, Dallas, Detroit, Los Angeles, Miami, Delaware, Vermont, Delaware , Vermont, Wyoming, J.D, New York, ., U.S, Massachusetts, North Dakota, Ohio, Florida, California , Colorado , Connecticut, Georgia , Illinois , Indiana , Kentucky, Maryland , Massachusetts , Missouri , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oregon , Pennsylvania, South Carolina , Tennessee, Virginia, Tennessee, Arizona , Alaska, Hawaii, Arizona , California, Florida , Indiana , Michigan , New Jersey , New York , Ohio, Wisconsin, Flagstar, Arizona , California , Connecticut , Idaho , Michigan, Nevada , Ohio, New Mexico, Chevron, Wells Fargo

☆ Ford to spend $3 billion to expand large truck production to a plant previously set for EVs
▼ + stars: | 2024-07-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub. The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford's Oakville Assembly Complex in Ontario, Canada, Ford said Thursday. The remaining investment will be used to increase production at supporting facilities in the U.S. and Canada, the company said. Ford currently produces Super Duty trucks – the larger siblings of the F-150 full-size pickup used largely by commercial and business customers – at plants in Ohio and Kentucky. Ford said the Canadian plant, which is expected to come online in 2026, will add capacity of roughly 100,000 units annually.

Persons: Ford, Jim Farley Organizations: DETROIT, Ford, Kentucky, Plant, Ford Pro Locations: Canadian, Oakville, Ontario, Canada, U.S, Ohio, Kentucky

☆ GM to increase production of high-performance Cadillac Escalade V8 SUV
▼ + stars: | 2024-07-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2025 Cadillac Escalade V-Series SUV CadillacDETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The gas-powered 2025 Escalade will continue to be powered by two 6.2-liter V-8 engines, including a supercharged V-Series performance model capable of 682 horsepower and 653 foot-pounds of torque. Cadillac said it will increase production of the 2025 Escalade V-Series, which was introduced two years ago, after not being able to meet demand for the current model year. "We are increasing production to help meet customer demand for the pinnacle of Escalade performance, luxury and craftsmanship, while maintaining exclusivity," a Cadillac spokeswoman told CNBC. 2025 Cadillac Escalade V-Series SUV Cadillac

Persons: Escalade, John Roth, —, Cadillac Organizations: —, Motors, Cadillac, Cadillac —, GM, CNBC Locations: U.S

Newly produced electric vehicles are being seen at Tesla's Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty ImagesBEIJING — New tariffs on Chinese electric cars aren't enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. While collaborations are "rational" to attain market share, Dyer said it is difficult to stay in the China market long-term if foreign carmakers don't switch things up. Last month, an analyst from the Bank of America said U.S. automakers based in Detroit should exit China "as soon as they possibly can" because they were at the losing end against China EV giants. Electric cars are less complex than internal combustion engine-powered vehicles.

Persons: It's, haven't, Stephen Dyer, Dyer, Cooper, — Organizations: Shanghai, Nurphoto, Getty, China's EV, CNBC, Porsche, BMW, Cooper, Bank of America, China EV Locations: Shanghai, China, BEIJING, China's, Asia, Europe, U.S, Detroit

☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ Biden defends his rhetoric but concedes it was a mistake to make bullseye comment about Trump
▼ + stars: | 2024-07-15 | by ( Betsy Klein | ) edition.cnn.com time to read: +3 min

“It was a mistake to use the word,” Biden said in an interview with NBC News’ Lester Holt on Monday. Focus on his policies, focus on the number of lies he told at the debate,” he said. I’m not the guy who said he won’t accept the outcome of this election automatically. “The political rhetoric in this country has gotten very heated. He again turned the focus back on Trump’s own words, adding, “I am not engaged in that rhetoric.

Persons: Joe Biden, Donald Trump –, ” Biden, “, Lester Holt, ”, Biden, I’m, ‘, ’ I’m, won’t, Karine Jean, Pierre, Trump, Donald Trump, he’s, Biden’s, Holt, it’ll, Nancy Pelosi’s, MJ Lee Organizations: Washington CNN, Trump, NBC, CNN Locations: Detroit, America

Washington CNN —President Joe Biden was bracing for a week of political onslaught. When gunshots rang out at a Donald Trump political rally in Butler, Pennsylvania, Saturday evening, much of that appeared to change. He also addressed the nation from the Oval Office, calling for a lowering of the political temperature. “I think it should,” one close Biden ally told CNN when asked if that may end up being a result of Saturday’s attack. But those expected discussions were quickly eclipsed by the response to the assassination attempt on Biden’s predecessor and political opponent.

Persons: Joe Biden, Donald Trump, Trump, Biden, NBC’s Lester Holt, “ it’s, Jason Crow, reassurances, Adam Smith, ”, Smith, “ That’s, Jim Clyburn, Al Sharpton, Chuck Schumer, Schumer, Hakeem Jeffries, Jeffries Organizations: Washington CNN, Democratic, Biden, Trump, Vegas, White, CNN, RNC, NATO, House Democrats, New Democrat Coalition, Democratic Rep, Lawmakers, ” Democratic, ”, House Democratic, GOP, Republicans Locations: Butler , Pennsylvania, Texas, Nevada, Pennsylvania, Rehoboth Beach , Delaware, Detroit, Michigan, Milwaukee , Wisconsin

☆ Americans are buying more Kei trucks from Japan. Is it a sign of a growing “tiny truck” movement?
▼ + stars: | 2024-07-14 | by ( Erika Tulfo | ) edition.cnn.com time to read: +9 min

CNN —Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. Instagram page Kei Trucks Appreciation Society (@keitrucksas) sells Kei truck-themed merchandise from hoodies to stickers and posts memes for its more than 95,000 followers. On X, Kei truck fans share pictures of mini trucks they spot in the wild. Most states lack Kei-specific regulation entirely, and so far, only 19 states allow Kei trucks on public roads. And data from Edmunds showed that Americans were trading in more midsize and large pickup trucks for compact trucks than vice versa.

Persons: Kei, ”, George Zotos, Bill Pugliano, Zotos, Tetsu Ichino, “, I’ve, it’s, Andrew O’Bright, Kei truck’s, ” Zotos, Melissa Torre, Torre, Mark Schirmer, Mercedes ’ Smart, ” Schirmer, Ford, Edmunds, Ivan Drury, Drury, ’ Organizations: CNN, Ford, Silverado, American International Detroit Auto, Research, JDM Imports, Philadelphia, Torre, Daihatsu, Cox Automotive, Mercedes, Benz, Insurance Institute for Highway Safety, Ford Maverick, Hyundai, Hyundai Santa Cruz Locations: Japan, New York, Detroit , Michigan, Rockville , Maryland, Maryland, Chicago, Kei, U.S, Hyundai Santa

☆ Opinion: For Black people, there’s an important history of flight as fight
▼ + stars: | 2024-07-12 | by ( Opinion Kellie Carter Jackson | ) edition.cnn.com time to read: +7 min

All throughout African American history, leaving has been a form of refusal — something Black people have done in response to White supremacy for centuries. Flight is one of the most common actions in the history of Black resistance. Everything in the South depended on enslaved labor. Cities were already fragile from White flight: White families that were not interested in integration left cities for the suburbs decades earlier, in the 1940s and 1950s. But in America, as a Black American, what is home?

Persons: Kellie Carter Jackson, Michael, Denise Kellen ’, “, Read, ” Marvin Germain, Thomas Jefferson, Mary Ann Shadd Cary, Ida B, Wells, Jackson, Paul Robeson, James Baldwin, Du Bois, Josephine Baker, Mabel, Robert Williams Organizations: of Africana Studies, Wellesley College, CNN, American, Poor, Mortgage, realtors, Act, Europe, NAACP, Black Panthers Locations: Canada, Ghana, Portugal, Charleston, Georgia, Virginia, Midwest, Northeast, West Coast ., masse, White, United States, States, Europe, Cuba, China, Detroit, Tanzania, Algeria, America

Does President Biden realize how angry some voters in Michigan are — specifically, Arab Americans? Opinion Video traveled to Dearborn to understand voter sentiment in a population that has the power to sway the election. Michigan has over 200,000 registered voters who are Muslim — enough to swing the state. (Biden won Michigan by 154,000 votes in 2020.) Just finding a pro-Biden Arab American voter in Dearborn is not an easy task.

Persons: Biden, ”, Wissam Charafeddine Organizations: Michigan, Biden Arab Locations: Michigan, Dearborn, Detroit, U.S

☆ A Fiery Biden, Ignoring Critics, Attacks Trump to Chants of ‘Lock Him Up’
▼ + stars: | 2024-07-12 | by ( Nicholas Nehamas | Reid J. Epstein | ) www.nytimes.com time to read: +1 min

President Biden on Friday strove to turn the nation’s attention back to former President Donald J. Trump, delivering a fiery and energetic speech in battleground Michigan that painted his Republican rival as a convict, a rapist and a cheater while simultaneously attacking the news media for an insufficient focus on such misdeeds. Even as Mr. Biden faces mounting pressure from congressional Democrats and major donors, he largely ignored the brewing Democratic revolt over his refusal to drop out of the race, beyond an emphatic statement that “I am running, and we’re going to win.”The president’s defiance, and the crowd’s enthusiastic response, helped give the Biden event at a Detroit high school gym the flavor of a Trump rally at times. When Mr. Biden referred to his political opponent, there were chants of “Lock him up” — which the president did not discourage. When he criticized news media coverage, big cheers followed, with his supporters turning to boo and point fingers at reporters. Mr. Biden thundered that his rival was a “convicted criminal” and a “business fraud,” and said that he had “raped” the writer E. Jean Carroll, whom Mr. Trump was found liable of sexually abusing by a civil court.

Persons: Biden, Donald J, “, Mr, Biden thundered, ”, Jean Carroll, Trump Organizations: Trump Locations: Michigan, Detroit

☆ UAW considering next steps on worries Trump could beat Biden, Reuters reports
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: +2 min

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

☆ Biden Holds Firm as Worried Democrats Take Their Case Directly to Him
▼ + stars: | 2024-07-12 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

President Biden on Friday faced escalating pressure from Democrats questioning his viability as a candidate, as rank-and-file lawmakers continued to call on him to end his re-election bid and the president resisted their entreaties, privately defending his decision to continue running. Their House leader made it clear directly to Mr. Biden that his members still harbored deep concerns over the president’s candidacy. And as he campaigned in the battleground state of Michigan, prominent Democrats — including the governor and both of the party’s senators — were not by his side. Gretchen Whitmer of Michigan, a stalwart Biden surrogate who has been on the road promoting her own book, was expected to be absent from an event he held in Detroit. Back in Washington, Representative Hakeem Jeffries, Democrat of New York and the minority leader, met one-on-one at the White House with Mr. Biden on Thursday night to discuss the deep concerns many of his members harbor about his ability to defeat Mr. Trump in November.

Persons: Biden, Biden’s, —, Gretchen Whitmer, Gary Peters, Debbie Stabenow, Elissa Slotkin, Stabenow, Donald J, Trump, Hakeem Jeffries Organizations: Gov, Democrats, Senate, White Locations: Michigan, Detroit, Washington, New York

☆ Biden campaign digs in as Democrats brace for more calls on president to drop out
▼ + stars: | 2024-07-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The reelection campaign of President Joe Biden started the day Friday facing the very real prospect that even more Democrats will call on him to quit the race against former President Donald Trump and allow a new nominee to top the ticket. "No one's saying that," said Biden, who was set to give a campaign speech in Detroit later Friday. Biden made it through the hour-long press conference and answered reporters' questions, prompting his campaign to declare victory over his naysayers. But his halting speech and his misstatements — such as referring to Vice President Kamala Harris as "Vice President Trump" — did little to win over members of his party. "I think I'm the most qualified person to run for president," said Biden.

Persons: Joe Biden, Donald Trump, Biden, Kamala Harris, Trump, " Organizations: Democrats, Democratic, Trump Locations: Detroit

☆ Here's the median salary in the 25 biggest U.S. cities—see how you compare
▼ + stars: | 2024-07-11 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The median household income is over $100,000 in six cities, four of which are in California, according to a new analysis by GoBankingRates. In 2024, the median annual household income is estimated to be $78,171, according to data consulting firm Motio Research. In Detroit — which is ranked 30th in population size — the median income is $40,574. The wealthiest cities also tend to offer a high number of well-paying jobs in technology, finance, entertainment or health-care industries. Below are the median household incomes for the 25 most populous U.S. cities, ranked from highest to lowest.

Organizations: Seattle, Boston, Motio Research, Detroit Locations: California, San Francisco, Francisco, Jose , California, Washington, Diego, Oakland, Virginia Beach , Virginia, Austin , Texas, Portland , Oregon, U.S, New York

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