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☆ Uber and Lyft drivers say Waymo's robotaxis are hurting their earnings in Phoenix and LA
▼ + stars: | 2024-11-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementUber and Lyft drivers in Phoenix and LA have said driverless taxis are hurting their earnings. Some Uber and Lyft drivers have said the driverless taxis operating in their markets are driving down their earnings. Some drivers told BI this was already happening. AdvertisementRestrictions on robotaxis could help reduce competitionJohn, a 43-year-old Uber and Lyft driver in Phoenix, said he thought Waymo One's robotaxis had hurt his earnings. He sometimes asks his passengers about their experiences using driverless taxis to get a better understanding of his competition.

Persons: Jason D, Jason, Uber, Carl Benedikt Frey, Frey, Waymo, didn't, Mobileye, John, Waymo One's robotaxis, Brad, aren't, Nicole Moore, who's Organizations: Phoenix, Austin, Oxford Internet Institute, Drivers United Locations: Phoenix, LA, Los Angeles, San Francisco, Atlanta, Las Vegas, —, Waymo, robotaxis

☆ Baby-boomer homeowners got rich from skyrocketing house prices. Now they can't find retirement housing.
▼ + stars: | 2024-11-29 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

AdvertisementBaby-boomer homeowners have benefited from skyrocketing housing prices amid a home shortage. Baby boomers have been the big winners in the US housing market, but as the generation retires, its members are facing a new challenge in finding accessible housing. Those who oppose building are disproportionately older homeowners. AdvertisementMany older homeowners — particularly the growing number who still have mortgages — are struggling with rising insurance premiums. Molinsky's report found older Black homeowners had less than half the home equity of older white homeowners.

Persons: boomers, Redfin, Jennifer Molinsky, Molinsky, There's Organizations: Homeowners, Harvard, Aging Society, Insurance Locations: South Florida, Arizona

☆ ‘Wildly disruptive’: What happened last time Trump moved a federal agency out of DC
▼ + stars: | 2024-11-29 | by ( Curt Devine | ) edition.cnn.com time to read: +13 min

That western relocation was “wildly disruptive” and should serve as a “cautionary tale” for the incoming Trump administration, said Tracy Stone-Manning, the Biden administration’s BLM director. Project 2025, a conservative blueprint written by dozens of former Trump administration officials, recommended returning the BLM headquarters to the West. Most BLM staffers already worked in states outside of DC, but a disproportionate level of senior staffers worked in the nation’s capital. But an inspector general report later found that Trump administration officials had misled Congress in statements about the relocation. Future efforts to move federal offices out of DC could lead more federal workers to unionize.

Persons: Donald Trump, he’d, ” Trump, Trump, —, Tracy Stone, Manning, “, ” Stone, ”, AAron Ontiveroz, Mary Jo Rugwell, Joe Tague, Vance, Karoline Leavitt, Caroline Brehman, Donald Kettl, “ It’s, David Bernhardt, Raúl, Trump’s, Mick Mulvaney, Manuel Heart, Rebecca Slezak, William Perry Pendley, Biden, Eric Kriley, ” Pendley, Pendley, RJ, Stone Organizations: CNN, Land Management, BLM, Trump, Biden, Office, Denver Post, Public Lands Foundation, Energy, Natural Resources Committee, University of Maryland’s School of Public, feds, Interior Department, Democrat, Republican, Washington Examiner, Ute, Democratic, GAO, Agency, Mesa, RJ Sangosti, Management Locations: Washington, Grand, , Colorado, DC, Colorado, —, Mesa County , Colorado, Washington ,, Arizona, Ute, Towaoc , Colorado, California, Utah, Junction, Grand Junction , Colorado, BLM’s

☆ The Container Store could be the next big chain to go bankrupt
▼ + stars: | 2024-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —Even the power of Marie Kondo may not be enough to save the Container Store. In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Credit rating agencies rank the Container Store as one of the most financially distressed companies in the retail industry. The Container Store had been set to receive a much-needed $40 million financial lifeline from Beyond, the owner of Bed Bath & Beyond and Overstock.com, that would have put Bed Bath & Beyond products on Container Store shelves. “The rise of platforms like Temu have given consumers some much cheaper options for the type of products Container Store sells,” Saunders said.

Persons: Marie Kondo, Kondo, Marie, Melissa Reiff, Joann Fabric, Justin Sullivan, Tim Hynes, ” Neil Saunders, Satish Malhotra, “, ” Saunders, Christina Boni, ”, “ It’s Organizations: New, New York CNN, Netflix, Research, Bed, GlobalData, CNN, Target, Container, ModernRetail, Walmart, Moody’s Locations: New York, Amazon

☆ Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
▼ + stars: | 2024-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +20 min

To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.

Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, –, Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, –, New York City

☆ South Korea's largest K-pop agency loses $423 million in value as girl group NewJeans set to part ways
▼ + stars: | 2024-11-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

SEOUL, SOUTH KOREA - NOVEMBER 28: Haerin, Danielle, Hanni, Minji and Hyein of girl group NewJeans attend the press conference on November 28, 2024 in Seoul, South Korea. K-pop girl group NewJeans hold a press conference an announcement on the termination of their contract with their agency Ador. South Korea's largest K-pop agency Hybe lost over $423 million in market cap on Friday after rookie group NewJeans announced it was terminating its contract with Hybe sub-label ADOR. In 2024, NewJeans had also won the Group of the Year Award at Billboard's Women in Music ceremony. Billboard's citation said the group scored entries across 10 Billboard charts, including the Billboard Hot 100, Billboard 200, and Billboard Global 200.

Persons: Danielle, Hanni, Hybe, NewJeans, ADOR, Min Hee, Min Organizations: SOUTH, Hybe, South, JoongAng Ilbo, Group, Billboard Locations: SEOUL, SOUTH KOREA, Seoul, South Korea, South, ADOR, South Korean, South Korea's, NewJeans, U.S

☆ Canada's Prime Minister argues Donald Trump's tariff plan will hurt Canadians and Americans
▼ + stars: | 2024-11-29 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

AdvertisementTrump vowed to impose tariffs on Canada and Mexico on his first day in office. Canada's prime minister Justin Trudeau warned tariffs will harm both Canadian and American consumers and industries. Canadian Prime Minister Justin Trudeau responded to President-elect Donald Trump's Monday vow to impose tariffs on Canada and Mexico on day one in office. Trump plans to impose 25% tariffs on goods coming from the northern and southern neighbors of the US. Mexico's President Claudia Sheinbaum Pardo has already said that her country would impose tariffs on the US if Trump goes through with his plan.

Persons: Trump, Justin Trudeau, Trudeau, Donald Trump's, who's, Prince Edward Island, Trump's, Claudia Sheinbaum Pardo, Sheinbaum Organizations: Associated Press, Trump, Bloomberg, North American Free Trade, AP, Business Insider, Toronto Region Board of Trade Locations: Canada, Mexico, Prince Edward, United States, Palm Beach, Toronto

☆ Trump's tariffs could make your next car more expensive
▼ + stars: | 2024-11-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

AdvertisementDonald Trump's proposed tariffs could raise car prices, impacting US and European automakers. Tariffs may cost carmakers 17% of annual earnings and lead to credit downgrades, per S&P Global. President-elect Donald Trump's new tariff proposals could hit American and European carmakers hard — and could push prices up for your next car. AdvertisementHigher tariffs could hit General Motors, Jaguar Land Rover, Stellantis, and Volvo hardest, S&P Global said. These tariffs could push car prices higher and lead Americans to dig deeper into their wallets for another vehicle.

Persons: Donald Trump's, Kelley, Trump, Joe Biden's, Claudia Sheinbaum, Justin Trudeau, Sheinbaum, Trudeau, Friday Organizations: P Global, General Motors, Rover, Volvo, EU, Motors, BMW, Ford, Hyundai, Mercedes, Benz, Trump, Commerce Department, Business, Canada's Locations: European, Canada, Mexico, Wells, United States

The tariffs would be a significant escalation of Trump’s previous proposal, which was already a major increase on more targeted tariffs enacted during Trump’s first administration and kept in place by President Joe Biden. Canada is similarly considering its own options, including possible tariffs on U.S. goods, according to The Associated Press. America’s biggest import from Canada is oil — and any increase in energy prices would likely be felt throughout the economy. And in her statement reacting to Trump’s posts, Mexico’s Sheinbaum stated caravans of migrants were no longer reaching the border. And now he’s talking about tariffs to punish Mexico and Canada for not enforcing drugs and migrants across the border.

Persons: Donald Trump, Trump, Trump’s, Joe Biden, Claudia Sheinbaum, ” Ernie Tedeschi, Biden, Corie Barry, “, ” Barry, ”, Kayleigh McEnany, Dan Crenshaw, doesn’t, Steve Forbes, Mexico’s Sheinbaum, Douglas Irwin, mingles, you’re, ” Irwin Organizations: Yale, NBC News, Associated Press, America’s, Canada —, NBC, National Retail Federation, ”, Trump, ” Fox News, Fox News, Centers for Disease Control, U.S . Drug, Administration, U.S . Customs, Border Patrol, Dartmouth University Locations: Mexico, Canada, U.S, China, Texas

☆ Despite Ozempic and RFK Jr., Uncrustables and Twinkies believe ‘very strongly that snacking continues’
▼ + stars: | 2024-11-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

But the owner of Twinkies and Uncrustables is predicting that nothing will be able to stop America’s insatiable hunger for snacks. “As it relates to anything in the political domain, we believe very strongly that snacking continues,” J.M. Food companies aren’t betting on Kennedy and the Trump administration to influence their businesses and Americans’ eating habits. Daniel Acker/Bloomberg/Getty ImagesSmucker believes that its food brands’ appeal and Americans’ craving for snacks will outweigh any changes Kennedy may bring. The brand includes meals high in protein and fiber that are “intended to be a companion for GLP-1 weight loss medication users and consumers focused on weight management.”

Persons: Robert F, Kennedy Jr, snacking, ”, Mark Smucker, Kennedy’s, Kennedy, Donald Trump, Kennedy “, ” Alexia Howard, Bernstein, General Mills, Kellogg, Kraft Heinz, Trump, ” Marion Nestle, Daniel Acker, Smucker, Biden Organizations: New, New York CNN, “, Health, Human Services Department, Assistance, Pepsi, General, Trump, US Senate, New York University, CNN, Bloomberg, Getty, Research Locations: New York, Smucker, Tiskilwa , Illinois, U.S, Switzerland

☆ When to quit working, take Social Security, and focus on yourself: Older Americans share their regrets about navigating retirement.
▼ + stars: | 2024-11-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Many had regrets about retiring too early, taking Social Security prematurely, and draining savings. Regrets included retiring too early, taking Social Security benefits prematurely, and draining retirement savings too quickly. Kathleen RuddAt 62, she retired from a job paying almost $60,000 a year and opted to take Social Security early. Cashing out Social Security too fastSharon, 77, took Social Security too early, prompting her to unretire to cover expenses. Advertisement"If only someone had just said, do not take Social Security early, do not invest your money this way," Sharon said.

Persons: boomer, they've, Kathleen Rudd, Rudd, wasn't, David John, John, Misty Miller, Miller, it's, Sharon, Cindy Kohli, Kohli, reprioritize Organizations: Social, Social Security, AARP, Security, Social Security Disability Insurance, Veterans Affairs Locations: Colorado, Sacramento, Atlanta, Arizona

Alabama A&M football player Medrick Burnett Jr. died Tuesday after suffering a head injury during a game four weeks ago, officials at the HBCU said. Burnett played in seven games this season after transferring to Alabama A&M from Grambling. “Our Bulldog family is heartbroken by the loss of Medrick Burnett Jr.,” Alabama A&M Director of Athletics Paul Bryant said in a statement. "We pray for his family and teammates at this incredibly difficult time," Mayfair HS said in statement. Alabama A&M, which is 6-5 overall and 4-3 in the Southwestern Athletic Conference (SWAC) action, has one more game this season, on Friday afternoon against Florida A&M in Tallahassee.

Persons: Medrick Burnett Jr, Burnett, Burnett's, Medrick Burnett, Athletics Paul Bryant, “ Medrick Organizations: Alabama, Bulldogs, Alabama State, Magic City, Austin Peay, “, ” Alabama, Athletics, Mayfair High School, Southwestern Athletic Conference, Florida Locations: Grambling, ”, Lakewood , California, Los Angeles, Tallahassee

A national CBS News/YouGov poll conducted last week found that 71% of people plan to avoid political discussions at Thanksgiving. Voss was among the dozens of people on social media who posted videos about how they are opting out of their family Thanksgiving plans. Van Bavel is director of NYU’s Social Identity and Morality Lab, which studies the dynamics of shared social identities. “There’s way more diversity among Republicans than most Democrats believe, and there’s way more diversity among most Democrats than most Republicans believe,” Van Bavel said. Jay Van Bavel, psychology professor at New York University“One of the biggest fears people have is being socially ostracized,” Van Bavel said.

Persons: Donald Trump, it’s, ”, Alexis Voss, Voss, she’s, “, …, Yale, Amanda Calhoun, MSNBC’s Joy Reid, I’m, ’, Jesse Watters, Elon Musk, Jay Van Bavel, Van Bavel, ” Van Bavel, ” Diana Rodriguez Wallach, Kamala Harris, Wallach, Jordan Williams, MAGA, Williams, Scott Walker, Walker, they’re Organizations: Trump, CBS, Fox News, New York University, Democratic, New York University “ One Locations: Ohio, Pennsylvania, Puerto Rican, California, United States

In our society and our culture, and therefore in our politics, there is a growing comfort in the “ends justifies the means” mentality. (Trump’s pick, Pete Hegseth, has denied an alleged sexual assault described in a 2017 police report and was never charged.) “You crossed the line,” Holly Hunter’s character screams at William Hurt’s character, who responds: “It’s hard not to cross it. And wouldn’t it be a shame if the electorate decided that politics now belongs to the low-character crowd. For what it’s worth, I do think our political leaders and public servants should be of a higher-than-average moral character.

Persons: Logan, Jake Paul, Donald Trump’s, Pete Hegseth, Robert F, Kennedy Jr, Kennedy, ”, I’m, Bill Clinton, John F, don’t, —, There’s, Holly, William Hurt’s, We’ve, Richard Ben Cramer’s, let’s Organizations: Pentagon, Happy Locations: We’re, American

☆ Australia nears social media ban for children under 16 after heated debate
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

The planned law would force social media platforms to take reasonable steps to ensure age-verification protections are in place. The ban was first announced during an emotionally charged parliamentary inquiry into social media, which included testimony from parents of children who had self-harmed due to cyberbullying. “I understand that using social media a lot is not a good thing and I’m working on it,” said Sydney high school student Enie Lam, 16. Australian media, from the publicly owned Australian Broadcasting Corp. to Rupert Murdoch’s News Corp., also support the ban. Let’s try and reduce the incidents we’re hearing involved with social media and young people in Australia.”

Persons: Meta, Anthony Albanese’s, Albanese, “ Young, ”, Sen, Karen Grogan, ByteDance’s TikTok, Elon Musk’s X, Enie Lam, Rupert, “, Jenny Branch, Allen, Let’s Organizations: Australia —, Google, Facebook, Labor, Sydney, Senate, Greens, Human Rights Commission, Australian Broadcasting Corp, Rupert Murdoch’s News Corp, News Corp, country’s, Australian Parents Council Locations: SYDNEY, Australia, Australia — Australia

☆ Kohl's vows 'aggressive action' to reverse sliding sales following a 'frankly disappointing' quarter
▼ + stars: | 2024-11-27 | by ( Maria Noyen | ) www.businessinsider.com time to read: +3 min

Apparel and footwear sales struggled despite strong performances for Sephora and other categories. Growth in revenue from beauty sales at Sephora was one of the few rays of hope. Kohl's continues to fight an uphill battle after sales tumbled following missed opportunities, a decline in footfall, and an overreliance on its partnership with Sephora. "We are not satisfied with our performance and are taking aggressive action to reverse the sales declines," he said. Earlier this week Kohl's said Kingsbury would step down on January 15 after two years in the role.

Persons: Kohl's, Tom Kingsbury, Kingsbury, Ashley Buchanan, Kinsbury, Lexie Moreland, Claudia D'Arpizio, Bain, D'Arpizio Organizations: Sephora, WWD, Penske Media, Getty Locations: Sephora, footfall

☆ Fmr. NEC Chief Economist says tariff worries are overblown, inflation will drop under Trump
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. NEC Chief Economist says tariff worries are overblown, inflation will drop under TrumpJoe Lavorgna, SMBC Nikko Securities America Chief Economist, Former NEC Chief Economist, joins 'Closing Bell Overtime' to explain why he believes Trump's tariff proposals won't hurt the economy.

Persons: Trump Joe Lavorgna Organizations: NEC, Trump, Nikko Securities America

☆ Trump’s trade threats put the world on a precipice and may say a lot about his second term
▼ + stars: | 2024-11-27 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

His first major global brouhaha since winning reelection posed the following questions that will help define the character of his second term. There’s no guarantee that Canada, Mexico and China will back down immediately. Trump’s trade war rhetoric is a reminder that in his worldview, the United States has few friends — only adversaries against whom it can choose to win or lose. The prime minister therefore has a huge incentive to avoid a trade war that could cause havoc in the Canadian economy. Initial reaction to Trump’s broadside against Canada and Mexico suggests that many observers see his outburst as a negotiating tactic.

Persons: Donald Trump, Trump, he’s, Pete, George W, Bush’s, “, “ Trump, Elon Musk, Justin Trudeau, Claudia Sheinbaum, —, Trudeau, Pierre Poilievre, Sen, Marco Rubio, Xi Jinping, ”, Gerry Connolly Organizations: CNN, Trump, Central ”, Elon, Conservative Party, Trade, North American Free Trade Locations: Canada, Mexico, China, United States, NATO, Russia, Ottawa, Canadian, Washington, Beijing, Europe, Ukraine

If the IRS has questions about your tax returns or wants to perform an audit, you'll probably be asked to produce your tax records. But of course, it is absolutely not recommended that you skip tax filing or intentionally commit fraud on your tax return. Employment tax recordsBusinesses should keep employment tax records, or payroll records, for at least four years after the last completed tax filing. Tips for organizing and storing recordsThe IRS clearly outlines the guidelines around how long you should keep your tax records. When you're ready to get rid of financial documents or tax records, shredding is the best method.

Persons: you've, Tom Taulli, filers, you'll, Matthew Jenkins, Tanza, Morgan, Read Organizations: Internal Revenue Service, IRS, CFA, CFP, Noble, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: TheStreet

☆ Goldman Sachs Asset Management is fired up about the economy heading into 2025 — but serious risks are still lurking under the surface
▼ + stars: | 2024-11-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

AdvertisementThe global economic expansion will continue into 2025, according to Goldman Sachs Asset Management. "But it's all a give and take here, because we're also going to be seeing a lot of efficiencies come into the labor market, potentially." GSAM strategists aren't sweating about the labor market yet, but they're watching those trends closely. Despite their lofty valuations, GSAM isn't bailing on US equities. That may finally change in 2025 as China's government gets serious about economic stimulus, Wilson-Elizondo said.

Persons: Alexandra Wilson, Elizondo, Goldman, Trump's, Wilson, We're, we're, corporates —, it's, aren't, isn't, GSAM Organizations: Goldman Sachs Asset Management, Management, Trump, Companies, Goldman, Wilson

☆ Why Trump’s proposed tariffs may be bad news for China and Asia
▼ + stars: | 2024-11-27 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +3 min

In 2023, the US was South Korea’s second-largest export market after China, with $116 billion of goods traded. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places in the region. Shoe seller Steve Madden announced earlier this month that it will halve its Chinese production to avoid Trump’s tariffs, and it will be sourcing from Cambodia, Vietnam, Mexico and Brazil, among other countries. In 2023, the US was the number one recipient of exports from China, Vietnam, Thailand, India and Japan. In the first nine months of 2024, the United States’ largest trade deficit was with China.

Persons: Donald Trump, Steve Madden, Trump, ”, Philip Daniele, — CNN’s Rachel Wilson Organizations: Hong Kong CNN —, Malaysia, US Locations: Hong Kong, Mexico, Canada, China, United States, Asia, South, Southeast Asia, Cambodia, Vietnam, Brazil, Thailand, India, Japan, South Korea, Indonesia, Singapore

Back in 2006 in Italy, newly elected Vladimir Luxuria was briefly barred from using the ladies' room when she took her seat in Parliament. "What is happening to Sarah McBride is rank politics." "So I am very sympathetic to Sarah McBride." During her four years in the Polish Parliament, Grodzka also faced verbal attacks and was repeatedly misgendered by fellow Polish lawmaker Krystyna Pawlowicz. In recent years — nearly a decade after she left Parliament — Grodzka is still occasionally on the receiving end of personal attacks from Polish lawmakers, as the country's right-wing has embraced anti-LGBTQ sentiments.

Persons: Sarah McBride, Vladimir Luxuria, McBride, Nancy Mace, Donald Trump, ”, Mace, Mike Johnson, Sarah McBride Bill Clark, Getty Images McBride, ” Luxuria, Georgina Beyer, Anna Grodzka, Luxuria, Elisabetta Gardini, Silvio Berlusconi, Gardini, huff, Kamala Harris ’, Biden, Harris, Grodzka, Krystyna Pawlowicz, “ Krystyna, Grodza, — Grodzka, Beyer, “ Organizations: U.S . Congress, NBC News, South Carolina Republican, Republican, Trump, Getty Images, NBC, Republicans, NFL, Pink News Locations: Italy, Delaware, Rome, New Zealander, Polish, Britain

That means buyers can combine existing tax credits with the deep discounts on offer over the next three months. Hours after Newsom announced his proposal Monday, Bloomberg News reported that his office planned to exclude Teslas from any state rebate program, citing an idea to limit the proposed aid based on automakers’ EV market shares. The current federal tax credit also applies to leases, and some dealerships are exploiting a loophole that allows EV lessees to qualify for the full $7,500 credit without meeting income or manufacturer requirements. In a recent Edmunds analysis of mid-priced vehicles leased this year, the average monthly payment for EVs when factoring in tax credits was $428, far lower than the $572 for vehicles with gas engines. “If the tax credit goes away and it’s a significant amount that’s being utilized by dealers, you’ll have them rather upset for a while,” Drury said.

Persons: Donald Trump, EVs, ”, Jay Turner, Gavin Newsom’s, Turner, Biden, “ We’re, ” Newsom, Trump, he’d, Karoline Leavitt, Ivan Drury, ” Drury, who’s, Drury, I’d, ” Turner, Elon Musk, Trump’s, Musk, Tesla, Newsom, “ It’s, you’re, ” Buyers Organizations: Wellesley College, Republican, White House, Trump, Cox Automotive, U.S, Congress, Trump White, “ Department, Government, Bloomberg News, ’ EV, NBC News, EV lessees, ” Locations: California, Colorado and Massachusetts, Edmunds, China, Mexico, Canada, U.S

This spiraled into a diss-track war in April and May, with Cole, Drake, Rick Ross, and Lamar all releasing new songs. Later in the track, Drake references Cole's diss track and apology. Evan Agostini/Invision/APLater in the track, Drake raps that he gave Future his first No. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. Instead of insulting Drake, Lamar claims that the "Push Ups" rapper's circle has been feeding him lies, leaking information about him, and hoping for his downfall.

Persons: Drake, Kendrick Lamar, Lamar, Lamar dissed Drake, J, Cole, Rick Ross, Hannah Getahun, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, “, rics,, m., ake Organizations: UMG, Spotify, Future, Metro, Universal Music Group, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, Drake, Diss, Lamar's, Florida

☆ Claims that fight between Jake Paul and Mike Tyson was rigged are ‘incorrect and baseless,’ says promoter
▼ + stars: | 2024-11-26 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —Claims that the recent record-breaking boxing match between Jake Paul and Mike Tyson was rigged are “incorrect and baseless … illogical and inane,” the fight’s promoter said in a statement Monday. Jake Paul takes on Mike Tyson in the most-streamed global sporting event ever. Al Bello/Getty Images for NetflixHowever, the fight drew criticism from across social media and the boxing world. “Everyone is talking about how staged this fight was,” said De La Hoya, who is now a promoter, on Instagram. It goes on the record, and it was sanctioned, so Jake Paul paid to get the W on his record.

Persons: Jake Paul, Mike Tyson, Paul, Tyson –, ”, Al Bello, Hall, Hall of Famer Oscar De La, De, De La Hoya, “, Tyson, ” Nakisa Bidarian, ” Bidarian Organizations: CNN, Texas Department, Paul, Netflix, T, ESPN, ESPN BET, Hall of Famer, Hall of Famer Oscar De La Hoya Locations: Arlington , Texas, Las Vegas, De La, Instagram

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