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Nike is getting a new CEO as struggles mount
  + stars: | 2024-09-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN —Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup. The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a veteran former Nike executive. Nike’s stock rose 9% during after-hours trading Thursday, a sign Wall Street was eager for a CEO change. Nike’s stock has dropped 24% so far this year. But the change hurt Nike’s sales.
Persons: John Donahoe, Elliott Hill, , ” Neil Saunders Organizations: New, New York CNN, Nike, Dick’s Sporting Goods, “ Nike, GlobalData Locations: New York
“There is a real clear understanding that this election is a monumental election,” Win With Black Women founder Jotaka Eaddy told CNN. Juliana Yamada/APGroups led by Black women also are launching new political ventures to aid Harris. And she was among the Black women who publicly urged Biden to remain in the race, following his poor June 27 debate performance. Black female organizers in the state also are extending their reach far beyond other Black women. “At the end of the day, what you’re not going to do is blame Black women for not doing their job,” she said.
Persons: DeJuana Thompson, Kamala Harris, , , Thompson, Harris, Oprah Winfrey, Joe Biden, Jotaka Eaddy, Juliana Yamada, Black, Jack, Jill of America, Daria Dawson, “ There’s, ” Hillary Holley, Stacey Abrams, Georgia’s, Holley, , ” Holley, We’ve, Andrew Harnik, Biden, Obama, Melanie Campbell, Campbell, ” Campbell, Steve Phillips, Harris ’, Win, Kamala, Winfrey, Anna Moneymaker, Donald Trump, Doug Jones, Barack Obama, Janice Robinson, Robinson, Nervahna, Hillary Clinton, Mary Starkey, Clinton, you’re, we’re Organizations: CNN, Democratic, America, YouTube, Win, Women, , Black Women, Alpha Kappa Alpha, AP, Howard University, sorority, Delta Sigma Theta, National Council of Negro Women, National Domestic Workers Alliance, Democratic National Convention, Biden, White, Black College and Universities, Red Wine, North Locations: Chicago, Birmingham , Alabama, Pleasanton , California, American, Georgia, Atlanta, Arizona , Georgia, Nevada, North Carolina, Charlotte , North Carolina, Carolina, Alabama, Black, Charlotte, Delaware
Even long-time "Friends" fans may not know some of the most intriguing facts about Phoebe, played by Lisa Kudrow. Phoebe once paused her vegetarian dietLisa Kudrow as Phoebe Buffay on "Friends." When she was younger, Phoebe mugged RossAfter Ross and Phoebe are mugged in season nine, Ross says the same thing happened to him as a teenager. AdvertisementRoss was the first of the friends that Phoebe metLisa Kudrow as Phoebe Buffay and David Schwimmer as Ross Geller. However, Phoebe mugged Ross 18 years before season nine, so she actually met Ross before meeting any of the other friends.
Persons: , Phoebe Buffay, Phoebe, Lisa Kudrow, NBC Phoebe, Joey, isn't, Lily, Bob Balaban, Frank Buffay, Phoebe's, it's, he's, Frank Jr, Ursula Phoebe, Ursula, Chandler, Paul Rudd, Phoebe doesn't, Ross, Susan, Mike, Kudrow, David Schwimmer, Ross Geller, NBCUniversal, Monica, Rachel, She's, Denise, David Hume Kennerly Organizations: Service, Business, NBC, Getty Locations: Canadian, Vegas, Ross
CNN —A senior adviser to Israeli Prime Minister Benjamin Netanyahu has presented to the Biden administration a new proposed ceasefire and hostage deal with Hamas, an Israeli official told CNN. Reactions to the proposal have widely been that it will be a non-starter for Hamas, which has not commented on it. It is unclear whether the proposal addresses the presence of Israeli troops in Gaza after a ceasefire and hostage deal – a key sticking point in stalled negotiations. The Hostages Families Forum, which has been scathing about Netanyahu’s approach to hostage negotiations, welcomed the proposal. They cited Israel’s assassinations of Hamas leaders in foreign capitals, and said they believed Sinwar would prefer to die fighting Israel than to leave Gaza.
Persons: CNN —, Benjamin Netanyahu, Biden, Gal Hirsh, Netanyahu, Yahya Sinwar, Kan, Joe Biden’s, Hirsh, Roger Carstens, Gershon Baskin, Sinwar, , ” Baskin, Hitler, ” Hirsh Organizations: CNN, Hamas, Families, United Nations General Assembly Locations: Gaza, Israel, Israeli, Lebanon, New York,
The Meta CEO sported a watch, the De Bethune DB25 Starry Varius Aérolite, at a podcast event last week. The watch costs an estimated $260,000 and only five are made a year. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg's newest flashy accessory isn't another chain necklace — it's an ultra-rare watch.
Persons: Mark Zuckerberg, De Bethune, , Bethune Organizations: Service, Chase Center Locations: San Francisco
This photograph taken on April 6, 2022, shows a general view of the National Thermal Power Corporation (NTPC) plant in Dadri. The mounds of jet-black coal shimmering under the afternoon sun at the Dadri power plant are a raw illustration of India's coal dependence -- a habit that despite increasing pressure, the country is finding hard to kick. India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables expansion plans and a red-hot equities market. The company, a unit of state-owned power producer NTPC , will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed. So far this year, about 235 companies have gone public and raised more than $8.6 billion, which exceeds the total amount raised last year.
Persons: NTPC Organizations: National Thermal Power Corporation, Green Energy Locations: Dadri, India
The exterior of the Hayward Gallery, part of the Southbank Centre. "We can't allow the cultural infrastructure to literally crumble in our hands, because ... without investment, it won't be here," Ball told CNBC. (The neighboring National Theatre and British Film Institute Southbank are not part of the Southbank Centre.) During his first year at the Southbank Centre, he oversaw more than 5,400 events and shows. "Thinking Fountains," an installation by German artist Klaus Weber, outside the Hayward Gallery at the Southbank Centre.
Persons: Norman Engleback, Michelle Obama, Anish Kapoor, Tracey Emin, Nina Simone, Elaine Bedell, Mark Ball, , Ball, Queen Elizabeth Hall, Purcell, Jack Taylor, Lisa Nandy's, it's, Richard III, Antony Sher, Antony, Gilbert Prousch, George Passmore, Gilbert, George, Marina Abramovic, Elizabeth Hall, Daniel Leal, Igor Levit, Cillian Murphy, Klaus Weber Organizations: Hayward, Southbank Centre, Universal, Getty, Southbank, Conservative, Labour, CNBC, Royal Festival Hall, Queen, National Theatre, British Film Institute, Former U.S, Royal, Hall, Manchester International, Association of, of Britain, Apple, London's Southbank, Ball, Science and Industry, Royal Shakespeare Company, AFP, Artists, Royal Philharmonic Orchestra Locations: London, Manchester, Serbian
"Ultimately shirking fiduciary responsibility to employees, consumers, and shareholders." Twenty civil rights organizations sent a letter Thursday to Fortune 1000 companies calling for them to recommit to diversity, equity and inclusion, after several major companies scaled back their efforts. She emphasized that LGBTQ+ consumers have $1.4 trillion of buying power, as reported by the National LGBT Chamber of Commerce. But a small, well-funded, and extreme group of right-wing activists is attempting to pressure companies into abandoning their DEI programs. Abandoning DEI will have long-term consequences on business success -- ultimately shirking fiduciary responsibility to employees, consumers, and shareholders.
Persons: Bill Ackman, Molson Coors, Harley Davidson, George Floyd, Forman, Kelley Robinson, CNBC's, Robinson, Brown, Lowe's, John Deere, Harley, Davidson, Edelman Organizations: National Action Network, Molson, Ford, Tractor Supply, Human Rights, HRC, Brown, National LGBT Chamber of Commerce, Molson Coors, . Tractor Supply, Companies, McKinsey & Company, Pew Locations: New York City, Rural, United States
Monthlong heat waves. AdvertisementLocal climate hazardsTo make predictions at a city level, Mackres said WRI built on global climate modeling done by hundreds of other researchers. World Resources InstituteIn Bengaluru, India's fifth-most-populous city, extreme heat has caused severe water shortages and surging energy demand. Now it ranks second behind San Francisco after a series of deadly heat waves prompted residents to install AC. If that demand is met with fossil fuels like oil, gas, and coal, it could exacerbate the climate crisis, WRI said.
Persons: WRI, Eric Mackres, Mackres, haven't Organizations: Service, World Resources Institute, Ross Center for Sustainable Cities, Resources, Bengaluru, US, San Locations: Saharan Africa, Latin America, Indonesia, Africa, Asia, Seattle, Rio de Janeiro, Johannesburg, Bengaluru, India, India's, Brazil, US Pacific Northwest, San Francisco, Tehran, Iran, Marrakech, Morocco
Chief investment strategist Brian Belski lifted his year-end target for the broad index by 500 points to 6,100. That new forecast implies the S & P 500 can climb 8.6% from Wednesday's close. .SPX YTD mountain S & P 500 YTD Belski said his update came after yet another rebound in equities pushed the index to trade around his prior target. Even if the S & P 500 tests lows seen during September's choppy trading, the investing strategist said he remains confident that it can rise into year-end. The S & P 500 has climbed more than 19% in 2024.
Persons: Brian Belski, It's, Belski, What's Organizations: BMO, CNBC, Federal Reserve Locations: Wednesday's, U.S
The news comes less than a year after a deadly November CV-22 Osprey crash in Japan that claimed the lives of eight airmen. AdvertisementJapan Ground Self-Defense Forces soldiers disembark from a V-22 Osprey aircraft. Debris believed to be from a US military Osprey aircraft is seen in waters off the coast of Yakushima Island. The cause of the Japan crash was determined to be the fracturing of a high-speed planetary pinion gear in the aircraft's prop rotor gearbox. US Air Force photo/Senior Airman Christopher CallawayThe Gundam 22 crew did press on after the chip burn lights and did not violate their training.
Persons: , Michael Conley, that's, We've, Conley, YUICHI YAMAZAKI, Military.com, Jeffrey Hoernemann, Eric Spendlove, Luke Unrath, Terrell Brayman, Zachary Lavoy, Jake Turnage, Brian Johnson, Jake Galliher, Carl Chebi, NAVAIR, we've, Bell, Christopher Callaway, AFSOC, Amber Sax, John Sax, Sax, Konstantin Toropin Organizations: Service, Special, Command, Air, Space Force Association, Business, Defense Forces, Getty, Naval Air Systems Command, Program, Ospreys, Air Force, Osprey, Japan Coast Guard, AP, Air Force Special Operations Command, Tech, Staff, Pentagon, Bell, Boeing, US Air Force, Gundam, Marine Corps Locations: Washington, Japan, Yakushima Island, California
Donald Trump says he plans to visit Springfield, Ohio, within the next two weeks. Springfield's Republican mayor said "it'd be fine with me" if Trump chose not to visit. Go to newsletter preferences Thanks for signing up! You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementFormer President Donald Trump announced on Wednesday night that he plans to visit Springfield, Ohio, in the coming weeks.
Persons: Donald Trump, Trump, Organizations: Springfield's Republican, Service, Republican, Business Locations: Springfield , Ohio, Springfield's, Springfield, Aurora, Long Island , New York
CNBC's Jim Cramer on Thursday reviewed stocks that have historically performed well just after the Federal Reserve embarks on a cutting cycle and chose his favorites. Using data compiled by CNBC Pro, Cramer discussed the top 10 stocks with the median best performance during three months after an initial cut over the past 40 years. "Now that the Fed's started cutting rates with a bang, you need to think about what kind of stocks will work best in what I consider to be a new regime. Our friends as CNBC Pro got you started with the ten stocks that've done best during the first three months after a rate cuts, going back to '84," he said. "But when you go through their current circumstances, the only ones I can fully endorse are Apple, Target and Textron, in that order."
Persons: CNBC's Jim Cramer, Cramer, , Sarah Min Organizations: CNBC Pro, Apple, Target, Textron
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWNBA Rising: Inside the season that changed the leagueCaitlin Clark and Angel Reese are helping to fuel a massive surge in the WNBA's popularity. Yet the league is far from profitable and the two superstar rookies make just over $70,000 in base salary. The recent 11-year, $2.2 billion media rights deal with Disney, Amazon and NBC, and the announcement of three new expansion teams in San Francisco, Toronto and Portland, will flush the league with much needed cash in the coming years. The question is, will it be enough?
Persons: Caitlin Clark, Angel Reese Organizations: Disney, NBC Locations: San Francisco, Toronto, Portland
Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.
Persons: , Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City
His new home is a notorious federal jail in New York City known for extreme violence and abominable medical care. Still, the conditions are horrid across the facility, according to interviews with more than a half-dozen defense lawyers and a review of court documents. “The agency as a whole has failed to assist MDC Brooklyn with the staffing crisis, hence allowing MDC Brooklyn to fail,” the union head, Rhonda Barnwell, wrote in a memo to Bureau of Prisons officials in June 2023. "That is why, earlier this year, the director appointed an Urgent Action Team to take a holistic look at the challenges at MDC Brooklyn," the spokesman added. A statute in the federal court system requires defendants who are out on bail to be remanded to jail after they are convicted.
Persons: Sean, Diddy, Combs, Gary Brown, Sam Bankman, Kelly, Ghislaine Maxwell, , Xavier Donaldson, , Jeffrey Epstein’s, Rhonda Barnwell, Luis Rivas, Uriel Whyte, Edwin Cordero, Mr, Cordero, Andrew Dalack, Terrence Wise, wasn’t, LaShann DeArcy, Jonathan Goulbourne, Jesse Furman, Furman, Judge Brown, Brown, Daniel Collucci, Richard Kestenbaum Organizations: Metropolitan Detention, MDC, District, Justice Department, Metropolitan Correctional Center, Brooklyn, MDC Brooklyn, of Prisons, NBC News, . Justice, Urgent, New York Daily News Locations: New York City, Brooklyn, U.S, New York, Queens , New York,
A week and a half after a highway shooting spree and an ensuing manhunt for an “armed and dangerous” suspect, officials in Kentucky have located a body near where the shooting happened. Kentucky State Police troopers are working to confirm the identity of the body discovered in Laurel County, officials said Wednesday. Laurel County Sheriff's OfficeThe gun used, an AR-15 rifle, was purchased legally in London the day of the shooting, authorities said. Law enforcement officials said the gunman parked near a ridge overlooking the highway to fire upon vehicles. Just before the shooting, a woman who shares a child with Couch called dispatchers in Laurel County and shared a chilling message.
Persons: Joseph A ., Couch, Steele, “ I’m, ” Couch Organizations: Kentucky State Police, Authorities, Army Locations: Kentucky, Laurel County, London
Harris' labor split screen: From the Politics Desk
  + stars: | 2024-09-18 | by ( The Politics Desk | ) www.nbcnews.com   time to read: +8 min
In today’s edition, we explore one positive and on negative development for Kamala Harris' support from organized labor. The influential Teamsters union on Wednesday declined to issue an endorsement in the presidential race, Megan Lebowitz and Alexandra Marquez report. Prior to the announcement, the Teamsters also released survey data showing more rank-and-file members preferred to endorse Trump than Harris. Still, Harris has won the endorsement of just about every other major labor union in the country (the International Association of Fire Fighters remains a notable holdout). Instead, the Trump campaign appears to be approaching this apparent assassination attempt as an opportunity rather than as a moment to reflect.
Persons: Kamala Harris, Chuck Todd, Harris, Megan Lebowitz, Alexandra Marquez, Natasha Korecki, Donald Trump, Joe Biden, Trump, , Sean O’Brien, Verrett, , Chuck Todd There’s, We’ve, isn’t, Chuck → 🗞️, ✂ ️, eason, alf, lea Organizations: NBC, White House, Capitol, Teamsters, Democratic, Big Business, International Association of Fire Fighters, Belt . Workers, Service Employees International Union, Culinary Workers Union, AFL, SEIU Locations: California , Illinois, New York, Arizona, Georgia, Nevada, North Carolina, Butler , Pennsylvania, America
“Saturday Night Live” has set its first batch of hosts for Season 50, including Ariana Grande, John Mulaney, Michael Keaton and more. Grande will host “SNL” for the second time on Oct. 12 with musical guest Stevie Nicks. Coldplay will join him in the band’s eighth appearance as musical guest. Grande will lead “Saturday Night Live” ahead of “Wicked,” coming to theaters Nov. 22, as Fleetwood Mac icon Nicks returns after her first “SNL” performance in 1983. “Saturday Night Live” will celebrate its 50th season with a live primetime special on Feb. 16.
Persons: Ariana Grande, John Mulaney, Michael Keaton, Jean Smart, Nate Bargatze, Stevie Nicks, Keaton, Billie Eilish, Chappell Roan, Max, Roll, Bargatze, Chris Martin, , Fleetwood Mac, Nicks, Jenna Ortega, Winona Ryder, “ Goodrich ”, He’ll, Eilish, Mulaney, Roan, Babe ! ”, Lorne Michaels Organizations: Coldplay, 8H, SNL, Smart, NBC, NBCUniversal, NBC News, Broadway
Clean energy and clean vehicle companies added nearly 150,000 new jobs in 2023, the first full year of the Inflation Reduction Act, the report found. Of that total, the South added more than 54,000 clean energy jobs, accounting for 36% of all new jobs in the region. By comparison, the Midwest, Northeast and West combined added 95,000 clean energy jobs in 2023. The employment sectors analyzed in E2’s “Clean Jobs America” report include clean vehicles, renewable energy, battery storage, grid modernization and biofuels. Clean energy jobs now account for about 1 in 16 new jobs created in the U.S.E2 has released annual reports on clean energy job growth in the U.S. since 2015.
Persons: Kamala Harris, , Donald Trump, Harris, Biden, Bob Keefe, We’re, Organizations: Biden, Senate, Jobs America, Republicans Locations: United States, U.S, Midwest, Northeast, Southern, Alabama, Kentucky, Oklahoma, California, Florida, Texas
WASHINGTON — Billie Jean King will become the first individual female athlete to be awarded the Congressional Gold Medal. Reps. Brian Fitzpatrick of Pennsylvania and Mikie Sherrill of New Jersey announced Tuesday that their bipartisan legislation had passed the House of Representatives and would be sent to President Joe Biden for his signature. The bill to honor King, the tennis Hall of Famer and activist, had already passed unanimously in the Senate. The medal, awarded by Congress for distinguished achievements and contributions to society, has previously been given to athletes including baseball players Jackie Robinson and Roberto Clemente, and golfers Jack Nicklaus, Byron Nelson and Arnold Palmer. King had already been awarded the Presidential Medal of Freedom in 2009.
Persons: WASHINGTON, Billie Jean King, Brian Fitzpatrick, Mikie Sherrill, Joe Biden, King, Sherrill, King’s, Bobby Riggs, , Jackie Robinson, Roberto Clemente, Jack Nicklaus, Byron Nelson, Arnold Palmer, Fitzpatrick Organizations: of Famer, Republican, NBC Locations: Pennsylvania, Mikie Sherrill of New Jersey,
Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by a half percentage point. Inflation is now much closer to our objective, and we have gained greater confidence that inflation is moving sustainably toward 2 percent. We’re going to take it meeting by meeting. As I mentioned, there’s no sense that the committee feels it’s in a rush to do this. We made a good, strong start to this, and that’s really, frankly, a sign of our confidence — confidence that inflation is coming down.
Persons: that’s Organizations: Federal, Market
Harvey Weinstein was arraigned on an additional sex crimes charge in a New York City courtroom Wednesday, roughly two months ahead of a retrial in the disgraced Hollywood producer’s landmark #MeToo case. “Thanks to this survivor who bravely came forward, Harvey Weinstein now stands indicted for an additional alleged violent sexual assault,” Bragg said. “This investigation is ongoing.”In all, more than 80 women have accused Weinstein of sexual assault or harassment going back decades. (He was acquitted of two counts of predatory sexual assault and a count of first-degree rape.) (The jury acquitted him of a count of sexual battery by restraint and failed to reach a verdict on three other sexual assault counts.)
Persons: Harvey Weinstein, Weinstein, Attorney Alvin Bragg, ” Bragg, Jessica Mann, Mimi Haley, Gloria Allred, , Mann, Harvey, ” Mann, retry Weinstein, Oscar, , Love Organizations: Hollywood, New, Attorney, Manhattan, Bellevue Hospital, Miramax, The New York Times, Yorker Locations: New York City, Manhattan, New York, New, York, Los Angeles, Angeles
The Mayor of Atlantic City, New Jersey, and his wife were indicted Tuesday on charges related to the alleged abuse of their teenage daughter. Prosecutors also accused him of "punching his daughter repeatedly in her legs causing bruising" during another alleged incident. The mayor's wife, who is the superintendent of Atlantic City Public Schools, is alleged to have hit the girl on several occasions. "Another incident alleged that La’Quetta Small punched her daughter in the mouth during an argument." Mayor Small was with her at the time and told the nurse the same story, according to NBC Philadelphia.
Persons: Prosecutors, Marty Small, La’Quetta, Ed Jacobs, Jacobs, Smalls, Jan, Mayor Small, Small Organizations: Prosecutor's, NBC, NBC Philadelphia, Atlantic City Public Schools, Mayor Locations: Atlantic City , New Jersey, Atlantic, NBC Philadelphia
Musk did not respond to an email Tuesday asking about the Radio Free Europe/Radio Liberty report and about his sharing of Tenet Media content. Representatives for X also did not respond to a request for comment about Musk or about X’s handling of Tenet content. In posts on X, Musk has appeared unconcerned about Russia’s influence operations. The day after the indictment dropped, Musk accused The Associated Press of pushing anti-Trump “propaganda” in its coverage of Tenet Media. Southern and other commentators formerly employed by Tenet Media have said that they did nothing wrong.
Persons: Elon Musk, Tenet’s, Donald Trump, Trump, Musk’s reshare, Tenet, Dave Rubin, Benny Johnson, Christopher Wray, ” Tenet, Volodymyr Zelenskyy, Musk, X, Ben Shapiro, Josephine Lukito, ” Lukito, , Tim Pool, Rubin’s, Sen, Mark R, Martin Riedl, Lauren Southern, , ” Musk, ” Southern Organizations: Elon, Tenet Media, NBC, Republican, White, Tenet, Radio Free, Radio Liberty, Social Design Agency, Associated Press, Trump, University of Texas, , Tech, Senate Intelligence, Meta, Microsoft, Warner, Democratic, CNBC, School of Journalism, Media, University of Tennessee, NASA Locations: Russian, Russia, Radio Free Europe, Moscow, Knoxville, Europe
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