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Starbucks CEO Brian Niccol just laid out his plan to turn around the struggling coffee chain. AdvertisementStarbucks CEO Brian Niccol gave investors the first look at his plan to turn around the struggling chain, and it involves faster coffee orders and better decor. For starters, Niccol said in-store orders will need to be fulfilled much faster than they currently are in many cases. "Before discussing China in detail, I need to spend time there to better understand our operations and the market," he said. Niccol said his optimism is rooted in Starbucks employees, who he said are passionate about coffee, the company, and its customers.
Persons: Brian Niccol, , Niccol, Diana Frost, Kraft Heinz, I'm, aren't Organizations: Service, Business Locations: China, North Carolina
Ninety people in 13 states have been infected in a deadly E. coli outbreak linked to McDonald's Quarter Pounders, the Centers for Disease Control and Prevention said Wednesday, as it continues to investigate the source of the spread. Before Wednesday, the CDC last gave an update on the outbreak on Friday, when the agency said it had 75 cases in 13 states. Fresh slivered onions served on Quarter Pounders and other menu items at McDonald's are "the likely source of this outbreak," the CDC said on its website on Wednesday. The CDC believes the risk to the public is "very low" due to the efforts from McDonald's and Taylor Farms. Quarter Pounder hamburgers are a core menu item for McDonald's, raking in billions of dollars each year.
Organizations: Centers for Disease Control, Prevention, CDC, U.S Locations: Colorado, McDonald's, Colorado , Kansas, Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico , Oklahoma, Utah
CNN —A federal judge said a woman who accused Sean “Diddy” Combs of sexually assaulting her cannot proceed with her lawsuit under a pseudonym after finding the rapper has a right to defend himself. Judge Vyskocil ruled the woman has to file the lawsuit under her name by November 13 or the lawsuit will be dismissed. In the lawsuit, the judge notes there is no allegation that Combs threatened this woman about going public with her allegations. “The Court appreciates that Combs is a public figure and, therefore, Plaintiff is likely to face public scrutiny if she proceeds in her own name. The judge said that Combs is entitled to know her identity to investigate her claims.
Persons: Sean “ Diddy ” Combs, Plaintiff, , Mary Kay Vyskocil, Jane Doe, Combs, John, Jane, Judge Vyskocil, , ” Combs, Organizations: CNN, ” The Tennessee Locations: ” The
Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. He asked Judge Kaplan to show Singh "the same compassion he has shown others his entire life." Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May. WATCH: Caroline Ellison sentenced to two years in prison for role in FTX collapse
Persons: Nishad Singh, Claire Watanabe, Singh, Judge Lewis Kaplan, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, Nicolas Roos, Roos, Judge Kaplan, Gabe, John Ray, Ray, Ryan Salame, Gary Wang, FTX, — CNBC's Dan Mangan Organizations: Engineering, Exchange, New, Alameda Research, Southern, of, Prosecutors Locations: New York, Alameda, Bankman, of New York, Manhattan, Bahamian
According to Hurun's 2024 rich list, China lost 432 billionaires since the high of 1,185 in 2021. Hurun, a private research group that has tracked Chinese billionaires since 1999, said the total peaked in 2021 with 1,185 billionaires, a figure which fell to 753, a decline of 432, or 36% of the total. It comes as some of China's superrich choose to lie low or leave the country, finding covert ways to take their money with them. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," said Rupert Hoogewerf, Hurun's Chairman and Chief Researcher. AdvertisementThat led, among other things, to regulatory crackdowns on tech platform companies and campaigns against China's rich entrepreneurs.
Persons: , crackdowns, China's superrich, Zhang Yiming, Bytedance, Yiming, Zhong Shanshan, Rupert Hoogewerf, Robin Zeng, Li, Kerry Brown, Xi, Jack Ma, Alibaba, Brown, Joel Gallo, China shouldn't, it's Organizations: Service, Reuters, King's College London, Ant Group, & Partners, Bloomberg, New York University Shanghai, Communist Locations: China, Taiwan, Greater China
A Russian court fined Google for not restoring YouTube accounts linked to Russian TV channels. AdvertisementA legal dispute between Google and Russia over suspended YouTube accounts has led to a fine so large that it exceeds all the money on Earth. Ivan Morozov, a Moscow-based lawyer, told the state-run TASS newswire that a Russian court ordered the tech giant to restore Russian media accounts on YouTube, a Google-owned company. To put this into perspective, the world's GDP is equivalent to about $105 trillion, a minuscule fraction of the fine. In 2022, Google's Russian legal arm, Google LLC, filed for bankruptcy, and authorities seized its bank accounts, though free services continue to operate in the country.
Persons: , Ivan Morozov, Donald Trump, Morozov, Nigel Gould, Davies, Gould Organizations: Google, Service, YouTube, Business, Bloomberg, International Institute for Strategic Studies Locations: Russian, Russia, Moscow, Eurasia
Ottawa, Ontario AP —A Canadian official alleged Tuesday that Indian Home Minister Amit Shah ordered a campaign of violence, intimidation and intelligence-gathering targeting Sikh separatists inside Canada. Prime Minister Justin Trudeau said a year ago that Canada had credible evidence agents of the Indian government were involved in the murder of Canadian Sikh activist Hardeep Singh Nijjar in British Columbia in June 2023. Indian government officials have repeatedly denied Canada has provided evidence and have called the allegations absurd. Nathalie Drouin, Trudeau’s national security adviser, told the committee Tuesday that Canada has evidence the Indian government first gathered information on Indian nationals and Canadian citizens in Canada through diplomatic channels and proxies. The Royal Canadian Mounted Police said it took the extraordinary step of talking publicly about ongoing investigations because of threats to public safety.
Persons: Amit Shah, David Morrison, ” Morrison, Morrison, Shah’s, Justin Trudeau, Hardeep Singh Nijjar, Ottawa didn’t, Shah, Vikash Yadav, Nathalie Drouin, Lawrence Bishnoi, Bishnoi, Drouin, Ajit Doval, Mike Duheme Organizations: Ontario AP, Canadian, Indian, Foreign, Washington Post, Sikh, United States Justice Department, Justice Department, Royal Canadian Mounted Police Locations: Ottawa, Ontario, Canada, British Columbia, New York City, York, India, United States, New Delhi, Singapore, Surrey, An Indian
Additional cases associated with the outbreak have also been reported, bringing the total number of illnesses to 90 and hospitalizations to 27. “It is not necessary to avoid eating onions or other foods made with onions,” the CDC said. Diced onions used at McDonald’s have also not been linked to this outbreak, according to the FDA. Beef patties used on Quarter Pounders were also part of the investigation, which started on October 22. McDonald’s announced on Sunday that they would resume selling Quarter Pounders in all restaurants this week, but the 900 restaurants that had previously received slivered onions from Taylor Farms would not include onions on these sandwiches.
Persons: Burger, Taco, patties, Dr, Sanjay Gupta, McDonald’s Organizations: CNN, US Centers for Disease Control, Food and Drug Administration, CDC, Taylor, Taco Bell, KFC, FDA, Colorado Department of Agriculture, US Department of Agriculture’s, Inspection, CNN Health
Britain identifies its first case of new mpox variant
  + stars: | 2024-10-30 | by ( ) www.cnbc.com   time to read: +1 min
Britain has detected its first case of new mpox variant clade Ib, the country's health security agency (UKHSA) said on Wednesday, adding that the risk to the population remained low. Close contacts of the case are being followed up by UKHSA and partner organisations, the UKHSA added. There have been cases of mpox clade Ib reported in Burundi, Rwanda, Uganda, Kenya, Sweden, India and Germany, as well as Congo. Mpox is a viral infection that typically causes flu-like symptoms and pus-filled lesions, and while usually mild it can kill. Clade Ib is thought to cause more severe disease than clade II.
Persons: UKHSA Organizations: World Health Organization, Democratic, WHO Locations: Britain, Democratic Republic of Congo, Africa, London, Burundi, Rwanda, Uganda, Kenya, Sweden, India, Germany, Congo, Mpox, mpox
Define your real estate goalsWhat are you looking to gain from real estate investing, and what risks are you willing to take? REITs (real estate investment trusts)One of the best ways to start investing in real estate as a beginner is with a real estate investment trust (REIT). Real estate limited partnershipsA real estate limited partnership (RELP) provides investors with a diversified portfolio of real estate investment opportunities. Other notable real estate books worth checking out include:"The Warren Buffet Way" By Robert G. Hagstrom"The Real Estate Investor's Guide to Flipping Houses" By J. Scott"The Intelligent Investor" By Benjamin GrahamLocal real estate investment clubsConnecting with local real estate investment enthusiasts can be a great way to engage with the real estate community and expand your knowledge. FAQs about real estate investing for beginnersHow much money do I need to start investing in real estate?
Persons: Dana Bull, Chad Carson, CoachCarson.com, Equity REITs, Richard Ratner, Ratner, Bull, , Brandon Turner, Insider's, Robert G, Scott, Benjamin Graham Organizations: Dana Bull Real Estate Consulting, Equity, Publicly, Bel Air Investment Advisors, Property, Resources, Beginners, Benjamin Graham Local Locations: Chevron, REITs
Once Top Advisers to Trump, They Now Call Him ‘Liar,’ ‘Fascist’ and ‘Unfit’ Many of those who served in former President Donald J. Trump’s administration — especially his generals, ambassadors and other national security officials — have since turned on Mr. Trump. Mr. Trump and those around him rejected the criticism as little more than sour grapes. Mr. Pence ran against Mr. Trump and refused to endorse him. director , said when asked if Mr. Trump would be sentenced to jail time after being convicted of falsifying business records. People who once worked for Mr. Trump at the highest levels now describe him as unintelligent, chaotic, a danger to American democracy and more.
Persons: , Donald J, , Trump, , Mark Milley, John Kelly, John, Nikki Haley U.N, Rex Tillerson, Mike Pompeo, Trump’s, Bob Woodward, Mr, Woodward, Milley, Kelly, Milley denigrating, Mike Pence, Pence, Kamala Harris, Harris, ’ ” John Kelly, “ Donald Trump, ” James Mattis, ” John, Ill, “ Trump, H.R, ” James Comey F.B.I, ” Rex Tillerson, ” John Kelly White, ” Richard Spencer, it’s, ” Nikki Haley U.N, baselessly, ” Tom, I’ve, , Mark Organizations: Trump, , Mr, Chiefs, John Bolton, Marine Corps, ” John Bolton, McMaster National, United, ” John Kelly White House, Republican, Capitol Locations: United States, , American
Donald Trump proposed mass deportation to lower housing costs and boost job opportunities. AdvertisementThe mass deportation of people living in the US illegally has been one of the cornerstones of the Republican presidential ticket leading up to the November election. Many Democrats say mass deportations would hurt businesses and employment opportunities for all Americans, in addition to separating families and displacing millions of people. She told BI that a mass deportation would devastate the agriculture, construction, and hospitality industries. AdvertisementHow much a mass deportation would cost the governmentThe Trump campaign has talked little about how mass deportations could be implemented and on what scale.
Persons: Donald Trump, , Trump, Kamala Harris, Biden, Harris, Douglas Nicholls, Nicholls, Regina Romero, Romero, " Romero, Duncan Braid, Braid, Davis, Chloe East, Taylor Rogers, Trump's, Rogers, hasn't, Marcus Noland Organizations: Service, Republican, Pew Research Center, Business, Pew Research, Trump, Immigration, Customs, American Compass, University of California, Brookings Institution, ICE, New York Times, American Immigration, Taxation, Economic, Manhattan Institute, FEMA, RNC, Peterson Institute for International Economics, American Immigration Council, Peterson Institute Locations: Los Angeles, Springfield, Aurora, Ohio, Colorado, Arizona, Yuma , Arizona, Mexico, Yuma, Tucson, Reading , Pennsylvania, US, Aurora , Colorado
Sean “Diddy” Combs has been accused in separate lawsuits of sexually assaulting two boys, one who was 10 at the time, and another who was 17. Afterward, a Combs associate gave the child a spiked soda and Combs forced him to perform oral sex on him, the lawsuit alleges. The suit alleges he was “deprived of a normal childhood” and is unable to interact with others and live a normal life. In a one-on-one meeting with Combs, the suit alleges, Combs instructed the 17-year-old to undress and groped and fondled his penis. The suit alleges Combs masturbated while he groped the contestant and told him that he had the ability to “make or break” his career.
Persons: Sean “ Diddy ” Combs, Tony Buzbee, Andrew Van Arsdale, Combs, Buzbee, , ” Buzbee, Sean Diddy Combs, Elizabeth Conley, , we’ve, ” Combs, sodomized, Van Arsdale, Cassie, Casandra Ventura Organizations: Houston, Getty, MTV, NBC Locations: New York, California, Texas, Houston, New York City
It came hours after the Israeli parliament outlawed a key United Nations aid agency in a move that could throttle the supply of medicine, food and education in the devastated territory. Gaza airstrike kills dozensThe strike hit a five-story building in the northern city of Beit Lahia housing some 200 people, according to the Gaza government media office. The Israel Defense Forces did not immediately respond to a request for comment on Tuesday's airstrike from NBC News. The law bans UNRWA, the U.N.'s Palestinian aid agency, from operating inside Israel or having any contact with Israeli authorities. But Israel has long criticized UNRWA, alleging it has been infiltrated by Hamas and intensifying that pushback after Oct. 7.
Persons: , Sheikh Naim Kassem —, Hassan Nasrallah, Kamal Adwan, It's, Philippe Lazzarini, Matthew Miller Organizations: Hezbollah, Palestinian Health Ministry, Health Ministry, Israel Defense Forces, NBC News, AFP, Getty, West Bank, UNRWA, State Locations: Gaza, Nations, Lebanon, Iran, Beit, Beit Lahia, Israel, United States, Washington, Canada, Australia, France, Germany, Japan, South Korea, Britain
Kamberlyn Bowler, 15, said she ate McDonald's Quarter Pounders in the days before she became ill.At least 75 people have been infected with E. coli in an outbreak that McDonald's has said is likely linked to slivered onions served on Quarter Pounders. The previously healthy, active 15-year-old is now hospitalized and battling kidney failure — a rare and potentially life-threatening complication of E. coli poisoning. Kamberlyn, of Grand Junction, Colorado, is one of dozens of people who say they became sick after having eaten McDonald’s Quarter Pounders. McDonald’s says the most likely source of the contamination was slivered onions served on its Quarter Pounders. On Oct. 18, she was airlifted to Children’s Hospital Colorado outside Denver, where she has remained ever since.
Persons: Kamberlyn Bowler, McDonald's, McDonald’s, Taylor, preemptively, , Brittany Randall, Randall, ” Kamberlyn, ” Randall, Kamberlyn, Kamberlyn didn’t, ‘ Something’s, ’ ” Randall, “ It’s, we’ve, Brittany Randall Kamberlyn, “ We’re, HUS, Nicole Iovine, , Iovine, ” McDonald’s, Joe Erlinger, ” Ron Simon, ” Simon Organizations: Centers for Disease Control, Children’s Hospital, CDC, HUS, UF Health Shands Hospital, USA, Locations: Colorado, Junction , Colorado, California, Children’s Hospital Colorado, Denver, Florida, HUS, Kamberlyn
The hackers also targeted prominent Democrats including the staff of Senate Majority Leader Chuck Schumer, another source briefed on the matter told CNN. There are no indications anyone was able to access data related to Jared Kushner or his devices, a person familiar with the matter told CNN. The Trump campaign is operating under the assumption that the hackers could still have access to the phone communications they targeted that belong to Trump and Vance, two of the sources said. Given how pervasive the Chinese hacking campaign has been in US telecom networks, some US allies are checking their own computer networks for signs of compromise. The ongoing Chinese hacking campaign means that the next administration — whether Trump or Harris wins — will likely inherit another major cybersecurity incident with big implications for national security.
Persons: Eric Trump’s, Jared Kushner’s, Donald Trump’s, Trump, JD Vance, Harris, Walz, Chuck Schumer, Eric Trump, Kushner, , , Eric’s, Lara, Ivanka Trump, Kamala, Biden, Jared Kushner, Vance, ” Sen, Mark Warner, , Joe Biden, Ted Barrett, Natasha Bertrand, Kaitlan Collins, Kristen Holmes Organizations: CNN, Republican, Democratic, FBI, The New York Times, AT, Verizon, Trump, Investigators, Justice Department, Department of Justice, Huawei, Republican National Committee, Embassy, US, Infrastructure Security Agency, Wall Street Journal, Washington Post, Department of Homeland Security, DHS, Virginia Democrat Locations: Beijing, China, Washington ,, People’s Republic of China, United Kingdom
For example, according to a recent McKinsey study, Black Americans are 10% more likely to be working jobs slated for AI automation. If current trends hold, the new wealth created by GenAI alone will increase the racial wealth gap by $43 billion annually, according to McKinsey. That begins with infrastructure that supports AI enablement for all, including education on AI tools, access to the internet and power to compute. SFI has been working hard to close the digital divide in Black communities, including Historically Black Colleges and Universities (HBCUs), 82% of which reside in broadband deserts. This work is bridging access gaps and ensuring that underrepresented talent thrives in the rapidly growing and in-demand field of AI.
Persons: Goldman Sachs, GenAI, Robert Solow, SFI Organizations: Istock, McKinsey, Initiative, Black Colleges, Universities, Vista Equity Partners, Morehouse College Locations: U.S, Black
Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.
Persons: David Kelly, , JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson
"Defendant cites a series of factors which he believes, when viewed in their totality, create an appearance of partiality," Cannon wrote. "Accordingly, the Constitution and the federal recusal statute require Your Honor to recuse herself from this case." She also wrote that Routh's case, like two other ones involving Trump that she presided over, "were randomly assigned to me through the Clerk's random assignment system. "I will not be guided by highly inaccurate, uninformed, or speculative opinions to the contrary," Cannon wrote. Cannon brushed aside the speculation that Trump would elevate her to a higher judicial seat or to the U.S. Attorney General's Office.
Persons: Donald Trump, Trump, Aileen Cannon, Ryan Routh, recusing, Cannon, Routh, Kamala Harris, Attorney General's Organizations: Trump, Federal, Office, ABC, U.S, Secret Service, Attorney Locations: Florida, U.S, West Palm
"We believe we are still in the early stages of the AI growth story," UBS equity strategist Sundeep Gantori wrote in a Monday note to clients, noting the launch of ChatGPT in 2022 as an inflection point for AI adoption. "The company should benefit from healthy user engagement, improving monetization of Reels, and longer-term monetization of Instagram and WhatsApp offer longer-term opportunities," UBS wrote. Moving forward, UBS sees a favorable risk/reward profile for the name, citing steady iPhone growth and strong growth in its services, among others, as catalysts. UBS thinks this early adopter of AI applications is still "well placed" to benefit from use cases that are relevant to the industry. "While we agree that rising competition will result in some subscriber churn, we expect Netflix to continue to report strong growth globally."
Persons: Sundeep Gantori, Gantori, AAPL, INTC Organizations: UBS, Nvidia, Reality Labs, Apple, Intel, Apple Intelligence, Netflix
Betting markets are booming ahead of the US Presidential election. Kalshi has attracted $100M in election bets this month and is the top free finance app in Apple's app store. Robinhood is getting in on the action, announcing its own election betting platform on Monday. Earlier this month, a US federal appeals court cleared Kalshi to open its election betting platform for US citizens. Interactive Brokers also launched a slew of election betting contracts earlier this month following the court decision to allow Kalshi to operate.
Persons: Kalshi, , we're gunning, Tarek Mansour, it's, Donald Trump, Mansour, TikTok Organizations: Service, Apple, PayPal, CNBC, Interactive, Kalshi
AWS's Graviton CPU chips are used by over 90% of its 1,000 largest data center customers. AWS's custom silicon strategy includes AI chips like Inferentia and Trainium. AdvertisementIn 2018, Amazon Web Services launched Graviton, its own line of homegrown central processing unit chips for data center servers. Big enterprises, such as Epic Games, Databricks, and Pinterest, are all major Graviton customers, he said. "We will absolutely continue to drive innovation in custom silicon as we have been doing for the past 10-plus years."
Persons: , Rahul Kulkarni, Kulkarni, Graviton, James Hamilton, Bernstein, AWS's Kulkarni, Jassy Organizations: Service, Amazon Web Services, Intel, AMD, Epic, Annapurna Labs, Bernstein Research, AWS Locations: Israel
Routh’s attorneys noted the many instances when Trump has praised Cannon by name for her decision to toss the documents case, including during his acceptance speech at the Republican National Convention this summer. “I have no control over what private citizens, members of the media, or public officials or candidates elect to say about me or my judicial rulings,” Cannon wrote Tuesday. “This case, like the prior cited cases involving former President Trump, were randomly assigned to me through the Clerk’s random case assignment system. Special counsel Jack Smith is currently appealing Cannon’s dismissal of the documents case. I maintain no ongoing personal relationship with the prosecutor, nor have I communicated with him in years,” she said.
Persons: Aileen Cannon, Donald Trump, Cannon, Ryan Routh, Trump, ” Cannon, , , , Jack Smith Organizations: CNN, Trump, Republican National Convention, United States, Locations: Trump’s, West Palm Beach , Florida
CNN —Parts of the Roman Catholic Church are still failing to ensure clerical sexual abuse is reported adequately, Pope Francis’ commission for child protection said Tuesday, raising concerns about a “lack of transparency” in the Vatican’s handling of cases. “At times, the commission found a troubling lack of reporting structures and victim/survivor accompaniment services,” the report said. “The commission found a persistent concern regarding the transparency in the Roman Curia’s (the church’s central administration) procedures and juridical processes. The commission notes that this will continue to foment distrust among the faithful, especially the victim/survivor community,” it added. Francis asked the commission two years ago to produce an annual report on child protection initiatives which he wanted to help bring “transparency and accountability” on abuse.
Persons: Pope Francis ’, , Maud de Boer, Francis, Organizations: CNN, Roman Catholic Church, Pontifical Commission, Minors, UN Locations: Papua New Guinea, Solomon Islands, Cameroon
CNN —A federal judge on Tuesday tossed out a Republican lawsuit that sought to segregate overseas ballots in Pennsylvania for additional vetting. The overseas vote has long been viewed as sacrosanct because of its connection to the military vote, and the Pennsylvania lawsuit – which would have jeopardized the ballots of service people abroad – drew a sharp backlash. He cited other procedural issues with Republicans’ lawsuit as well. In the Pennsylvania case, the Republicans were arguing that election officials should take additional steps to verify ballots cast in the state from overseas voters. Correction: This story has been updated to reflect the judge who ruled in the case is Judge Christopher Conner.
Persons: Christopher Conner, , Conner, , ” Conner, George W, Bush, , It’s Organizations: CNN, Republican, Republicans, Republican National Committee, House Republicans Locations: Pennsylvania, Michigan, North Carolina
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