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CNN —Kia is warning owners of almost 463,000 of its popular Telluride SUVs in the United States to keep them parked outside and away from buildings because the front seats could start burning. The recall involves 2020 through 2024 Kia Telluride models. In 2023, another customer complained of a smoke smell from the passenger-side power seat, which wasn’t working. In 2024, at least one Kia owner reported that the driver’s seat caught fire while they were driving. An investigation by Kia concluded that the problem was with the power seat switches that could be damaged in a way that causes its motor to overheat.
Persons: CNN — Kia, Kia Organizations: CNN, Telluride, National, Traffic Safety Administration, Kia Telluride, Kia, NHTSA Locations: United States, Telluride, California, Georgia
"So if you're not tipping in those scenarios, you're really taking money out of the server's pocket." Still, etiquette experts say there are situations where you may feel pressured to tip but are by no means required to. To be clear, the etiquette experts aren't saying to avoid tipping at the counter — merely that it's at your discretion. "It's a nice gesture to offer a tip to a worker who goes above and beyond the service," Swann says. "From an etiquette standpoint, we still tip the servers who are bringing us our food," he says.
Persons: It's, Ted Rossman, There's, Thomas Farley, Mister Manners, Elaine Swann, Swann, they've, Farley Organizations: Newark Airport, Swann School of Protocol . Service Locations: Bankrate, Denver
Technology stocks have dominated the market for more than a decade. However, strong outperformance in tech may begin to spread to other sectors of the stock market, according to BofA. Here are four reasons tech stocks' dominance could end later this year, according to the bank. AdvertisementThe technology sector's dominance over the stock market could finally end later this year, according to Bank of America. Advertisement"As earnings accelerate outside of Tech, investors will likely become more price sensitive and seek out cheaper earnings growth," Subramanian said.
Persons: , Savita Subramanian, Subramanian, COVID Organizations: Service, Bank of America, Tech, Federal Reserve, Treasury, Bank of, Technology, Communication Services, Nvidia, hyperscalers Microsoft, Rockwell Automation, ROK Locations: Tech, China, Japan
Bottom Line This was a better-than-feared quarter from Best Buy. Services are an area that Best Buy can lean into and leverage to differentiate from online retailers like Amazon . Importantly, she noted that not only will Best Buy have the largest assortment of AI-enabled PCs but over 40% of that assortment will be exclusive to Best Buy. Going back to how Best Buy can compete with the likes of Amazon, Best Buy is working closely with vendors on marketing strategies and demonstrations to offer a "unique educational and interconnected digital shopping journey." Bimal Tandel photographs Bhavin Tandel and Dinesh Tandel, crew members on the Klara Oldendorff, in front of a Best Buy in Timonium, Maryland, U.S., March 29, 2024.
Persons: Corie Barry, we're, Barry, FactSet, Jim Cramer's, Jim Cramer, Jim, Bimal, Bhavin Tandel, Dinesh Tandel, Klara Oldendorff, Julia Nikhinson Organizations: LSEG, Services, Amazon, Computer, Target, Walmart, Costco, Barry, Apple, CNBC Locations: Timonium , Maryland, U.S
How a global seafood giant broke Red Lobster
  + stars: | 2024-05-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +15 min
Former Red Lobster employees say that while the pandemic, inflation and rent costs impacted Red Lobster, Thai Union’s ineptitude was the pivotal factor in Red Lobster’s decline. Kenny criticized Red Lobster employees at meetings and made derogatory comments about them, according to former Red Lobster leaders who worked closely with Kenny. Red Lobster’s annual customer count has dropped by 30% since 2019, Red Lobster said in its bankruptcy filing. Red Lobster employees say they were pressured by Thai Union representatives to buy more seafood from Thai Union. Thai Union representatives also began sitting in on meetings between Red Lobster and seafood suppliers, said one of the former Red Lobster employees who witnessed these conversations.
Persons: , Ludovic Garnier, Jorge Silva, Red Lobster’s, , Les Foreman, Red, Thiraphong Chansiri, Angel, Feng shui, Chansiri, Amanda Mustard, Paul Kenny, Kenny, , Kenny’s, Bill Darden, General Mills, Darden, Kelli Valade, Valade, Trin, Tapanya, Kevin Lamarque, Barry Fulghum, Lobster, Leah Millis Organizations: New, New York CNN, Thai Union Group, Red, Lobster, Thai Union, CNN, Red Lobster, John West Foods, longtime, Reuters, Thai, West Coast, Lobster’s, Bloomberg, Getty, Minor, Thai Union —, Union, Darden, Gate, Golden, Capital, Facebook, Thai Union . Thai Union, ” Thai Union Locations: New York, Thai, Thailand, Thai Union, United States, Orlando, Australian, Dallas, America, United, Texas, Spring , Maryland
Binance is finding 300,000 fake addresses every week, mainly on Ethereum and Bitcoin networks. AdvertisementAs crypto thieves find more creative ways to trick people, so do those trying to crack down on them. Binance, a major crypto exchange, told Business Insider that it has developed an algorithm to spot fake crypto addresses — used in so-called "address poisoning" scams. According to Binance, the company's algorithm is detecting some 300,000 fake addresses every week, mostly on Ethereum and Bitcoin networks. The FBI warns that services offering to return money to the victims of crypto scams might actually also be scams themselves.
Persons: , it's, Binance Organizations: Service, Services, FBI
Even though affluent shoppers helped drive the retailer's latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns they'll be hard to keep. His warning comes with Walmart stock hitting all-time highs going back to August 1972, when it began trading on the New York Stock Exchange. Last October on "Fast Money," Simon warned bargains were losing their magic because consumers were starting to buckle for the first time in a decade. "As long as there's inflation and those tail winds that come from particularly from food inflation, more traffic will come to the Walmart store," said Simon. "When inflation abates and service becomes more important than price, some of those tail winds will become headwinds," Simon said.
Persons: Bill Simon, they'll, it's, CNBC's, abate, Simon Organizations: Walmart, Walmart U.S, New York Stock Exchange, Darden Restaurants
The increase follows falls of 0.3% in the fourth quarter and 0.1% in the third quarter of last year. The Bank of England now expects UK GDP to expand by 0.5% this year, double the pace forecast in February, according to projections published Thursday. A growing economy could, however, delay the interest rate cuts widely expected this year. “Stronger GDP growth raises the risk of stronger demand pressures on inflation,” analysts at Nomura wrote in a note, adding that Friday’s GDP release “casts doubt” over a cut in June. Annual UK inflation came in at 3.2% last month, a sharp slowdown from a rate above 10% about a year ago.
Persons: Rishi Sunak, Sunak, Nomura, , Andrew Bailey, Bailey Organizations: London CNN, Gross, Office, National Statistics, Conservative Party, Labour Party, The Bank of England, P Global . Service, Bank of England Locations: United Kingdom
The only reason the Federal Reserve might be tempted to cut rates would be to help the U.S. cover interest payments for the national debt, according to fund manager Freddie Lait. The Fed is widely expected to keep its benchmark overnight borrowing rate in a range between 5.25%-5.5%. Traders are currently only pricing in about a 50% chance of a Fed rate cut taking place as early as September and expect just one quarter-percentage-point reduction by the end of the year, according to the CME FedWatch Tool. The reason they might cut is because the U.S. government can't afford [them not doing] it — and that's a much scarier reason to have to cut," he added. A spokesperson for the Federal Reserve declined to comment.
Persons: Freddie Lait, Lait Organizations: Federal Reserve, Federal, U.S, Traders Locations: U.S
How the U.S. Humanitarian Pier in Gaza Will WorkA humanitarian pier the U.S. military will bring to the Gaza Strip is currently being assembled and is expected to be ready to receive initial shipments of food and other aid early next month, according to military officials. Pier At the pier, loaded aid trucks are driven to Gaza’s shore. Gaza Strip EMPTY TRUCKS return to the pier Humanitarian partners will pick up aid near the shore to take it into the Gaza Strip. Pier At the pier, loaded aid trucks are driven to Gaza’s shore. Gaza Strip EMPTY TRUCKS return to the pier Humanitarian partners will pick up aid near the shore to take it into the Gaza Strip.
Persons: Juan Camilo Jimenez Garces, Trucks, OCHA, U.N, David Satterfield, Israel Organizations: United Nations, U.S . Agency for International Development, Military, Aid, Spanish, BANK, New York Times Ships, Army, New York Times, Food, WFP GAZA, United Nations Office, Humanitarian, New York Times Aid, Hamas, U.S Locations: U.S, Gaza, Larnaca, Cyprus, Dubai, Kenya, Europe, CYPRUS Larnaca, BANK GAZA, ISRAEL EGYPT, LEBANON, Israel, United States, Med, ISRAEL Rafah, Shalom, Egypt, Israel’s
Israel's strike on Iran caused oil prices to spike, sparking fears of rising inflation. But US inflation is more impacted by strong domestic demand than by oil prices, an economist told Bloomberg TV. Oil prices gained as much as 4% following reports of the attack before later subsiding. Services is demand, and that demand needs to come from somewhere — and that's a robust economy," Chaar told Bloomberg. "I would say the biggest challenge here for the Fed is to manage the demand of the US economy," Chaar said.
Persons: , Samy Chaar, Lombard Odier, Jerome Powell, Chaar Organizations: Bloomberg, Service, Fed, Bloomberg TV, Federal, Services, Institute for Supply Management Locations: Iran, Israel, , Swiss, America
President Joe Biden on Wednesday choked up as he blasted Donald Trump, saying the presumptive Republican presidential nominee "doesn't deserve to be the Commander-in-Chief for my son." "They asked him to go visit American grave sites. Because they were all suckers and losers," Biden said, citing the reports about Trump's rationale. That man doesn't deserve," Biden said, pausing for several seconds as he choked up before adding, "to be the Commander-in-Chief for my son." Beau Biden died in 2015, when his father was vice president in the administration of former President Barack Obama.
Persons: Joe Biden, Donald Trump, doesn't, Beau Biden —, Trump, Biden, Beau Biden, General's, Barack Obama, Trump's, John Kelly, Jeffrey Goldberg, Goldberg Organizations: Wednesday, Delaware Army National Guard, Democrat, United Steelworkers, General's Corp, National Guard, Guard, White House, CNN, U.S . Locations: Pittsburgh, Paris, Iraq, Aisne
But the full compensation package of active military personnel goes beyond annual salary. Officers can earn a $220k salaryAll active duty military personnel adhere to the same pay scale and ranking system for base pay, regardless of which branch they serve in. An enlisted service member with an E-1 ranking receives $2,017.20 per month in basic pay, according to the DoD 2024 basic pay table. Service members outside the US may also receive an additional overseas housing allowance to incentivize military members to serve internationally. With Tricare, military members have no premium charges for coverage, and no out-of-pocket costs for medical care or prescriptions.
Persons: , Paychecks, you've, you'll Organizations: Service, Military, Department of Defense, Navy, Marine Corps, Army, National Guard, Air Force, Business, O1, Space Force, Housing, Subsistence, Department of Defense's Finance, Accounting Service, US Department of Veteran Affairs, Savings Locations: San Diego, Bahrain, Tricare
U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida will agree next month to tighter military cooperation, including talks on the biggest potential change to Washington's East Asia command structure in decades, two sources said. Kishida wants to establish the joint command headquarters before the end of March 2025. Tokyo has said it has "serious concern" over China's growing military power and the threat it poses Taiwan, just over 100 km (62 miles) from Japanese territory. A four-star commander — the highest peacetime rank in any of the U.S. service branches — would match the rank of the Japanese counterpart in the new headquarters. A U.S. officer of that rank might lay the groundwork for a future unified Japanese-U.S. command, experts say.
Persons: Joe Biden, Fumio Kishida, Biden, Kishida, Yoshimasa Hayashi, Organizations: Japanese, East, Japanese Self Defense Forces, Financial Times, U.S, Biden Locations: East Asia, Washington, Japan, South Korea, Tokyo, Taiwan, U.S
AT&T will offer a $5 credit to customers affected by a widespread outage on Thursday that was caused by technical issues the company encountered while trying to expand its network, its chief executive said on Sunday. The outage, which started around 3:30 a.m. Eastern time, temporarily cut off connections for users across the United States. Some of the affected cities included Atlanta, Los Angeles and New York, according to Downdetector.com, which tracks user reports of telecommunication and internet disruptions. At its peak, the site had received about 70,000 reports of disrupted service for AT&T. Service was fully restored after about seven hours.
Organizations: T, Service Locations: United States, Atlanta, Los Angeles and New York
Thousands of student-loan borrowers just became the first group to see relief under President Joe Biden's new repayment reform. On Wednesday, Biden — along with the Education Department — announced that 153,000 borrowers are getting $1.2 billion in debt cancellation as a result of a new provision in the SAVE income-driven repayment plan. "If you've been paying for a decade, you've done your part, and you deserve relief," Education Secretary Miguel Cardona said in a statement. The Education Department first implemented the SAVE plan over the summer, intended to make borrowers' monthly payments cheaper. Of course, the relief comes as many borrowers are encountering challenges with the return to repayment that began in October.
Persons: Joe Biden's, Biden, , you've, Miguel Cardona, Biden's, Education James Kvaal Organizations: Wednesday, Education Department —, Education Department, Business, Administration, SAVE, The Education Department, Public, Department, Education
By Dan PeleschukKYIV (Reuters) - A year after the founding commander of Ukraine's Da Vinci Wolves Battalion was killed fighting Russian forces, his portrait adorns an airy new recruitment office in Kyiv casting a watchful eye over would-be members. With its military ranks wearing thin, Ukraine is struggling to overhaul mobilisation and broaden recruitment as the second anniversary of Russia's full-scale invasion approaches. For the Da Vinci Wolves, led by war hero Dmytro "Da Vinci" Kotsiubailo until his death near the eastern town of Bakhmut last March, it means relying on a well-honed public image to attract new recruits. 'THE BEST'The Da Vinci Wolves have received more than 1,000 applications and are seeking around 500 new members, Filimonov said. Candidates include Anatoliy Kvasha, 48, who said he wanted a greater say over where he ended up after facing bureaucratic headaches at his local draft office.
Persons: Dan Peleschuk, Ukraine's Da, Dmytro, Da, Kotsiubailo, Serhii Filimonov, Volodymyr Zelenskiy, Filimonov, Anatoliy Kvasha, Kvasha, Kyrychenko, Anna Voitenko, Timothy Heritage, Toby Chopra Organizations: Dan Peleschuk KYIV, Ukraine's Da Vinci Wolves Battalion, Da Vinci Wolves, Vinci Wolves, 59th Motorized Brigade, Reuters, Separate Assault Brigade, Service Locations: Kyiv, Ukraine, Bakhmut, Russian, Lviv
The United States base at Tower 22 in Jordan is in the middle of a seemingly unending desert, astride the ancient Damascus-Baghdad Highway near the border with Syria. Last month three U.S. service members at Tower 22 were killed by a drone launched by an Iranian-backed militia. The Tower 22 attack ended that state of play and sparked fresh questions about the safety of thousands of U.S. military personnel stationed in Jordan, Syria and Iraq as the Middle East conflict widens. Last month, the United States and Iraq started talks that could lead to the withdrawal of U.S. troops. It gives hope to Tehran that it is succeeding in its long-term goal of ejecting the United States from the region through its proxy militias.
Persons: Biden Organizations: United, Islamic Revolutionary Guards Corps, U.S Locations: United States, Jordan, Damascus, Baghdad, Syria, Iranian, Iraq, Washington, U.S, Tehran
Both Iraq and the U.S. had agreed last August to enter into talks to transition U.S. forces from their long-standing role in assisting Iraq in combating IS. The resumed meetings will continue to chart a path to a new bilateral relationship “as long as nothing disturbs the peace of the talks," Iraq said in its statement. Photos You Should See View All 21 ImagesIraq has long struggled to balance its ties with the U.S. and Iran, both allies of the Iraqi government but regional archenemies. The Iraqi government has angrily condemned U.S. airstrikes against Kataib Hezbollah, which is part of the Popular Mobilization Forces. Notably, there have been no additional strikes against U.S. bases in Iraq since Feb. 4.
Persons: Organizations: WASHINGTON, U.S, U.S ., Iraq, Hamas, Kataib Hezbollah, Popular Mobilization Forces Locations: Islamic State, Iran, Jordan, U.S, Iraq, Syria, Israel
King Charles III on Sunday was seen publicly for the first time since Buckingham Palace announced last week that he was being treated for cancer, strolling into a church on the royal Sandringham estate where he has his residence. Charles, 74, waved and smiled at well-wishers who had gathered nearby to capture a glimpse of the monarch as news cameras flashed. He walked alongside his wife, Queen Camilla, before heading into the 11 a.m. service at St. Mary Magdalene Church. Later, both the king and queen smiled and waved for the cameras as they headed back to their home at Sandringham House. In a message released by Buckingham Palace on Saturday, King Charles thanked the public for supporting him since the news of his cancer diagnosis was announced.
Persons: King Charles III, Charles, Queen Camilla, Mary Magdalene, Buckingham, King Charles Organizations: Buckingham, Mary Magdalene Church, Sandringham House Locations: Sandringham, St
Conservatives have looked to country music over the decades to voice political beliefs and react to social change. Maines called Keith’s song “ignorant,” while Keith began performing in front of a doctored photo of Maines with Saddam Hussein. KEITH WAS A FAN OF THE MILITARY, AND VICE VERSAIn the years following “Courtesy,” Keith participated in 18 USO tours, performing for more than 250,000 service members in his lifetime. Lucas says he and others sent CDs with Keith’s song, “American Soldier,” to the wives of the men serving with his son. Keith “emboldened others in country music to think viewpoints that might be perceived as angry and conservative were okay to express,” Willman says.
Persons: — Toby Keith’s, Keith, We’ll, Jason Aldean, Jason Isbell, , Chris Willman, , Willman, Willie Nelson, Amanda Marie Martinez, Jim Crow America, ” Martinez, Merle Haggard, “ Okie, Haggard, Ronald Reagan, Richard Nixon, Hillary Clinton, Barack Obama’s, “ Let's, George W, Bush, Obama, Donald Trump, it’s, Joseph M, Thompson, Alan Jackson, Jackson, Darryl Worley’s “, Clint Black’s “, Natalie Maines, Maines, Saddam Hussein, KEITH, ” Keith, John A, Lucas, ” Lucas, ’ ” Lucas, Aldean, Oliver Anthony’s “ Rich, Keith “, ” Willman, Pat Finnerty, Toby Keith, Hogan, ” Finnerty, , Finnerty, Jude ’, it’d, Maria Sherman Organizations: Country Music, Variety, Pentagon, Dixie Chicks, U.S . Army, Army, North Locations: NORFOLK, Va, U.S, Afghanistan, Iraq, America, Vietnam, Muskogee, Iran, Clint Black’s “ Iraq, Richmond , Virginia, Tennessee, Richmond, , Philadelphia, Los Angeles
And Biden's deficit versus Trump on handling immigration and the border is greater than 30 points. All together, these numbers explain why the poll shows Trump leading Biden by 5 points among registered voters in a hypothetical 2024 general-election matchup, 47% to 42%. "What is most concerning is the erosion of Biden's standing against Trump compared to four years ago," Horwitt said. That said, the poll shows improving attitudes about the economy, with the share of voters believing the economy will get worse in the next year declining 14 points since October 2022. The two men are essentially tied on the issue of protecting democracy, with 43% of voters preferring Biden and 41% picking Trump.
Persons: Joe Biden, Wade, Donald Trump, Trump, Biden, Jeff Horwitt, Bill McInturff, Horwitt, Organizations: Force, Reproductive, NBC News, Biden, Trump, NBC, Democratic, Hart Research Associates, Republican, GOP, U.S . Locations: Washington ,, Israel, Trump, Biden's, Iowa, New Hampshire, U.S, Jordan, Michigan
The United States has led a major wave of retaliatory strikes in the Middle East, hitting scores of targets belonging to Iranian-backed armed groups since Friday. The strikes are a sharp escalation of hostilities in the region, one that President Biden had sought to avoid since the war between Israel and Hamas in Gaza began in October. Here is how the latest strikes have unfolded. The Biden administration said the drone had been launched by an Iran-backed militia from Iraq, and President Biden pledged to respond. Jan. 30: President Biden said he had decided on a response to the attack in Jordan, but did not say what it would be.
Persons: Biden Organizations: Pentagon, Republican Locations: States, Iranian, Israel, Gaza, Jordan, Iran, Iraq, U.S
BEIRUT (AP) — The U.S. military has launched strikes on dozens of sites manned by Iran-backed fighters in western Iraq and eastern Syria in retaliation for a drone strike in Jordan in late January that killed three U.S. service members and wounded dozens. A deadly strike on the desert outpost known as Tower 22 in Jordan near the Syrian border further increased tensions. The Euphrates River cuts through Syria into Iraq, with U.S. troops and American-backed Kurdish-led fighters on the east bank and Iran-backed fighters and Syrian government forces to the west. He said the strikes also hit an area inside the town of Mayadeen known as “the security quarter.”Iraqi government spokesperson Bassim al-Awadi said the border strikes killed 16 people and caused “significant damage” to homes and private properties. There have been no new attacks by the Houthis since the U.S. strikes in Iraq and Syria.
Persons: Guard’s, Ali, Ein Ali, Deir, Rami Abdurrahman, Omar Abu Layla, Bassim, Awadi, PMF Organizations: Hamas, U.S, Guard’s Quds Force, Human Rights, Popular Mobilization Force, Houthis Locations: BEIRUT, Iran, Iraq, Syria, Jordan, Israel, U.S, Tehran, Deir el, Hassakeh, American, Kurdish, Syrian, Iranian, Guard’s Quds, Boukamal, Quriya, Mayadeen, Britain, Europe, IRAN, Washington, Gaza, Iraqi, Irbil, Yemen
The Bidens will attend a “dignified transfer” as the remains of the troops killed in the overnight assault Sunday return to U.S. soil. Defense Secretary Lloyd Austin will join the Bidens for the transfer in Dover, where such events take place when U.S. servicemembers are killed in action. Friday will be the second dignified transfer Biden attends as president. In August 2021, he took part in the ritual for the 13 servicemembers killed during the suicide bombing in Kabul. As vice president, Biden in 2016 attended a dignified transfer for two U.S. soldiers killed in a suicide blast at Bagram Airfield.
Persons: Joe Biden, Jill Biden, servicemembers, Lloyd Austin, William Jerome Rivers, Kennedy Sanders, Waycross, Breonna Moffett, Moffett, ” Biden, Biden, Rivers, Sanders, Jerome, Tara Copp Organizations: Dover Air Force Base, U.S, Defense, Sunday, Navy, Capitol, Army, Army Reserves, Army Reserve, Defense Department, Pentagon, Hezbollah, White, Press Locations: WILMINGTON, Del, Jordan, U.S, Dover, Georgia, William Jerome Rivers of Carrollton, Sgt, Savannah, Sanders, Iran, Israel, Yemen, Moffett, Rivers, Fort Moore, New Jersey, Iraq, Afghanistan, Kabul, airport’s, Syria
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