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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why European tariffs on Chinese EVs may not workCritics say the European Union's provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them. They also might not be high enough to actually stop the tide of Chinese imports. Supporters say they are necessary to 'offset the harm' done by China's pattern of subsidizing its own industries and subsequently crushing global competition.

Organizations: EU Locations: Germany

☆ Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work.
▼ + stars: | 2024-09-15 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

AdvertisementIt's a story all too familiar for some older Americans: An unexpected health crisis derails their retirement planning. With insufficient help from health insurance or Social Security, medical bills eat up any savings or income they have. Jones, who gets $2,200 a month in Social Security, has had to take on part-time work, which made her ineligible for some federal assistance. She paid for chemo out of pocket, spending her way through her retirement savings and maxing out her credit cards. Amend said it's crucial for older Americans to believe everything will be OK, noting "your mindset perpetuates what your outcome will be."

Persons: —, Kimberly Mullen, Mullen, She's, she'll, Nancy Altman, Saul Martinez, Karen Knudsen, they've, Uber, Wendy Jones, it's, she's, Jones, Teresa Ghilarducci, , Ghilarducci, Rebecca Buffum, Buffum, I'm, Andrew Whitaker, Marion, Robert Papalia, Papalia, Leonard Bianconi, Bianconi, Gallup, Monique Morrissey, haven't, Harris, Morrissey, Frank, Weeks, he's Organizations: Service, Business, Social Security, American Cancer Society, Social, Walmart, Medicare, New School for Social Research, Schwartz, for Economic, Kaiser Family Foundation, BI, Institute, Biden, American Heart Association Locations: Kentucky, North Carolina

☆ Team USA wins Solheim Cup for the first time since 2017
▼ + stars: | 2024-09-15 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —The United States reclaimed the Solheim Cup for the first time in seven years with a 15 ½ - 12 ½ victory over the Europeans on Sunday at Robert Trent Jones Golf Club in Gainesville, Virginia. Team USA last won the Solheim Cup in 2017 with Europe winning in 2019 and 2021 before retaining the trophy in 2023 when the teams drew 14-14. 1 Nelly Korda led the USA’s challenge, winning both her matches as the USA underlined its dominance. While Europe looked to fight back on day two, Team USA constantly prevented the Europeans from clawing back the deficit and held on to lead 10-6 after the second day. Europe went into day three needing to repeat the Miracle of Medinah from the 2012 Ryder Cup – the men’s equivalent of the Solheim Cup.

Persons: Robert Trent Jones, Lilia Vu, Europe’s Albane Valenzuela, “, ” Vu, she’s, didn’t, USA's Lilia Vi, Robert Trent Golf, Robert Trent Golf Club Gregory Shamus, Nelly Korda, –, Charley Hull, Korda, Megan Khang, Rose Zhang, Corpuz, Andrea Lee, Lauren Coughlin, Vu, CNN’s, De la Fuente Organizations: CNN, Solheim, Robert Trent Jones Golf Club, Robert Trent, Robert Trent Golf Club, USA, Team USA, Europe, US Locations: United States, Gainesville , Virginia, Virginia, Europe, clawing

☆ Russia begins efforts to expel Ukraine from Kursk but counter-attack is yet to gain momentum
▼ + stars: | 2024-09-14 | by ( Tim Lister | Kosta Gak | ) edition.cnn.com time to read: +8 min

Geolocated video shows that Russian units have retaken a couple of villages, but the situation remains fluid. Ukrainian President Volodymyr Zelensky has acknowledged the start of Russia’s counteoffensive and says it intends to deploy 60,000 – 70,000 troops in the Kursk region. An armed Ukrainian soldier stands on the street on September 10, 2024 in Sudzha, Kursk Region, Russia. There are also signs that Ukrainian units may be developing a new assault route into a different part of Kursk, near the town of Veseloe. War-displaced people spend time in a centre for displaced people in undisclosed location in Kursk region on August 29, 2024, following Ukraine's cross-border offensive into Russia's western Kursk region.

Persons: Volodymyr Zelensky, counteoffensive, –, Major, Pat Ryder, Oleg Palchyk, Wagner, ”, Robert Rose, Zelensky, Vladimir Putin, CNN’s Fareed Zakaria, ” Zelensky, Tatyana Makeyeva, Fareed Zakaria, Russia’s, Keir Starmer, Joe Biden, “, Biden, Rose, Matthew Schmidt, Schmidt Organizations: CNN, Ukraine, Defense, 51st Airborne Regiment, for, Russian, Getty, Modern, Institute, Washington DC, Biden Administration, NATO, Modern War Institute, University of New Haven, National Security, ” Locations: Kursk, Russia, Kursk “, Russian, Korenevo, Ukrainian, Sudzha, Kursk Region, Ukraine, Snahost, Veseloe, West, Donetsk, Pokrovsk, Kyiv, –, Washington, AFP, ” Kursk, Iraq

☆ Disney and DirecTV strike deal to restore ABC, ESPN and other networks
▼ + stars: | 2024-09-14 | by ( Robert Ilich | ) edition.cnn.com time to read: +2 min

CNN —A short but tense distribution dispute between Disney and DirecTV came to an end Saturday after the two sides agreed to a new deal that will restore Disney-owned channels, including ABC, ESPN and FX, to the satellite TV provider. DirecTV stopped airing Disney-owned channels on September 1, denying sports fans the ability to watch NFL games on ESPN’s “Monday Night Football” and US Open tennis on ABC. The companies said the distribution deal will include new options for customers, including new packages that include the Disney+, Hulu and ESPN+ streaming services. DirecTV will also be able to distribute the forthcoming ESPN standalone streaming service at no extra cost to DirecTV customers. Last week, DirecTV filed a complaint Saturday with the Federal Communications Commission alleging Disney did not negotiate in good faith.

Persons: “ Organizations: CNN, Disney, DirecTV, ABC, ESPN, FX, NFL, ESPN’s, Hulu, Federal Communications Commission, New York Jets, San Francisco 49ers, Sling, Dish Network

☆ Why the European Union's tariffs on Chinese automakers may not work
▼ + stars: | 2024-09-14 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

By the end of October, the European Union will make a final decision on what some analysts call the biggest EU trade case against China in more than a decade. But automakers and countries are divided over whether to place tariffs — so far of up to 36.3% — on Chinese electric vehicles. A German automotive trade association says they would hurt German automakers, which have a significant presence in China. China has been exporting cars to countries all around the globe, and both supporters of tariffs and trade and industry analysts point to China's support for its domestic manufacturers as a rationale for imposing tariffs. Chinese automakers can produce a car for about $5,500, said Felipe Muñoz, senior analyst for JATO Dynamics, while it costs European automakers closer to $20,000.

Persons: William Reinsch, Scholl, Felipe Muñoz, Muñoz, It's Organizations: European Union, China, Business, Center for Strategic, International Studies, JATO Dynamics Locations: European, China, Germany, Washington ,

☆ Don Cheadle responds to Robert Downey Jr.'s casting as Doctor Doom — and whether they'll share the screen again in a Marvel movie
▼ + stars: | 2024-09-13 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +4 min

Business Insider asked him about the casting of Downey Jr. as the villain Doctor Doom, which shocked fans when it was announced over the summer. Robert Downey Jr. and Don Cheadle in "Iron Man 2." Marvel StudiosCheadle has played Rhodey since 2010's "Iron Man 2," after taking over the role from Terrence Howard, who played the character in the first "Iron Man" film. AdvertisementCheadle reprised the role in "Iron Man 3," "Avengers: Age of Ultron," "Captain America: Civil War," "Avengers: Infinity War," and "Avengers: Endgame." In "Endgame," Downey Jr.'s Iron Man was killed off, seemingly putting an end to the actor's time in the MCU (at least until that controversial Doom casting).

Persons: —, Don Cheadle, Robert Downey Jr, Cheadle, Downey, Doctor Doom, James, Rhodey, Rhodes, Tony Stark, Marvel Studios Cheadle, Terrence Howard, Russo, I'm, he'd, I've, Kevin Hart, Shawn Charles, Anthony Robles Organizations: Service, Marvel, Toronto, Business, Cheadle, coy, Marvel Studios, America, Disney, Collider

☆ Pilots who came within 150 feet of a crash in Austin share how they averted disaster
▼ + stars: | 2024-09-13 | by ( Pete Muntean | Marnie Hunter | ) edition.cnn.com time to read: +5 min

The pilots of a FedEx cargo plane couldn’t see the runway or the airfield at Austin-Bergstrom International Airport. On Thursday, another near-miss was added to the list when an Alaska Airlines plane and a Southwest plane nearly collided in Nashville. In some cases, hero pilots such as Bradeen and Carvajal have kept collision courses from turning deadly. But about three miles out from landing, they grew uneasy when an air traffic controller cleared the Southwest flight to take off in front of them. The pilots’ awareness was heightened, but Bradeen said he didn’t realize a collision was imminent until about 100 or 150 feet away.

Persons: they’re, “, ’, Robert Bradeen, CNN’s Pete Muntean, ” Bradeen, Captain Hugo Carvajal, Rob’s –, ‘, ’ ” Carvajal, Carvajal, Hugo Carvajal, Bradeen, they’ve, Hugo, ”, didn’t, Jason Ambrosi, Austin, Jennifer Homendy, we’re Organizations: CNN, FedEx, Bergstrom International, Southwest Airlines, National Transportation Safety, National Transportation, Alaska Airlines, Southwest Boeing, NTSB, FedEx Boeing, Southwest, Air Line Pilots Association, FAA Locations: Austin, Alaska, Nashville, Memphis

☆ How oil-rich Arkansas became a hotbed of lithium mining
▼ + stars: | 2024-09-13 | by ( Lisa Setyon | In | ) www.cnbc.com time to read: +3 min

The future of lithium production in the U.S. is gaining momentum in Arkansas, as companies like ExxonMobil , Albemarle, and Standard Lithium make significant investments in the state. While most of the world's lithium still comes from countries like Australia, Chile and China, Arkansas could change that. Standard Lithium, which has operated in Arkansas since 2020, is also expanding its Direct Lithium Extraction (DLE) facility in El Dorado, thanks to a $100 million investment from Koch Strategic Platforms. Still, companies like Albemarle and Standard Lithium told CNBC they remain optimistic about Arkansas' potential to become a key player in the global lithium market. "The United States has to step up," said Robert Mintak, CEO of Standard Lithium.

Persons: Wesley Hamilton, Shon Hiatt, Robert Mintak, We've Organizations: United States Geological Survey, Energy, Exxon Mobil, Koch, Business, University of Southern, Atlantic Council, CNBC Locations: U.S, Arkansas, Albemarle, Australia, Chile, China , Arkansas, El Dorado, University of Southern California, China, United States

☆ Harris' rise in polls sparks wave of wealth transfers to kids
▼ + stars: | 2024-09-13 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

If it expires, the estate and gift tax exemption will fall by about half. The tightening presidential race has touched off a wave of tax planning by ultra-wealthy investors, especially given fears of a higher estate tax, according to advisors and tax attorneys. With Harris and Trump essentially tied in the polls, the odds have increased that the estate tax benefits will expire — either through gridlock or tax hikes. The biggest question facing wealthy families is how much to give, and when, in advance of any estate tax change. If they do nothing, and the estate exemption drops, they risk owing taxes on estates over $14 million if they die.

Persons: Robert Frank, Donald Trump, Kamala Harris, Harris, Trump, Pam Lucina, Lucina, Mark Parthemer, it's, Parthemer Organizations: Democratic, Republican, Northern Trust Locations: Florida, Glenmede

☆ Teeter: Healthcare has potential for margin gains, driven by AI and robotics
▼ + stars: | 2024-09-13 | 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 EmailTeeter: Healthcare has potential for margin gains, driven by AI and roboticsRobert Teeter, Head of the Investment Policy & Strategy Group at Silvercrest Asset Management, sees opportunities in healthcare, predicting margin gains through AI and robotics despite labor challenges.

Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management

☆ Right-wing influencers say they were dupes in an alleged Russian influence operation. They’re keeping their millions, for now
▼ + stars: | 2024-09-13 | by ( Jon Passantino | Sean Lyngaas | ) edition.cnn.com time to read: +6 min

The right-wing social media stars who were allegedly paid millions of dollars in a nefarious Russian influence operation to shape public opinion around the 2024 US presidential election are remaining mum. Tenet Media boasts a slate of high-profile right-wing, pro-Trump commentators including Tim Pool, Dave Rubin, Benny Johnson and several others. The influencers all say they are “victims,” and that the FBI has contacted them for voluntary interviews. The Tenet co-founder then wrote to the Russian state media staffers, stressing that the personality was “really insisting on seeing some materials (profile, article, whatever) on Eduard before (he) feels comfortable moving forward. Two Russian state media employees, Kostiantyn Kalashnikov and Elena Afanasyeva, were charged by the Justice Department with money laundering and violating the Foreign Agents Registration Act.

Persons: Tim Pool, Dave Rubin, Benny Johnson, Rubin, Johnson, Brandon Van Grack, Robert Mueller’s, Pool, —, “ We’ve, ”, Ben Shapiro, “, Tenet, Eduard Grigoriann, “ Grigoriann, Eduard, ” Rubin, Lauren Chen, Liam Donovan, Grigoriann, Chen, Donovan, Kostiantyn Kalashnikov, Elena Afanasyeva, Van Grack, CNN’s Hadas Gold Organizations: CNN, Justice Department, Tenet Media, Kremlin, Trump, RT, FBI, Pool, Tenet, Justice Locations: Tennessee, Russian, Russia, Brussels

☆ Harris and Trump propose new tax breaks during campaign to target key voters
▼ + stars: | 2024-09-13 | 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 EmailHarris and Trump propose new tax breaks during campaign to target key votersCNBC's Robert Frank reports on why tax giveaways have become so popular.

Persons: Harris, Trump, Robert Frank

☆ Facing criticism for being too walled off, Harris slowly opens the door to more media interviews
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +11 min

The campaign said Harris plans to do more interviews with local media in battleground states and speak more with her traveling press corps in the coming days. Her campaign’s media strategy has largely been a continuation of Biden’s, which is to minimize interactions with the media. Some allies said that Harris should use the momentum from the debate to change her cadence of interviews. “I don’t think you can hide for 56 more days from media interviews,” said one Democratic strategist, requesting anonymity to speak candidly. The Harris campaign also held a call that day, but it was off the record.

Persons: Kamala Harris ’, Harris, Donald Trump, Joe Biden’s, Tim Walz, Rickey Smiley —, “, ”, Chuck Rocha, Rocha, Trump, Robert F, Kennedy Jr, “ Harris, She’s, Democratic Sen, Claire McCaskill, McCaskill, there’s, Matt Gaetz, ” Trump, Jason Miller, —, Biden, Ohio Republican Sen, J.D, Vance, Walz, aren’t, ” Bonnie Fioramanti, ” Fioramanti, Harris —, Rich Thau, it’s, Kamala Harris, ” Harris, ” Sen, Chris Murphy, Conn, Jason Crow, James Carville, Paul Maslin Organizations: National Association of Black Journalists, Democratic, CNN, Minnesota Gov, Univision, Media, Trump, Fox News, ” MSNBC, “, ” Conservatives, New York Times, Board, White House News Photographers Association, NBC News, The New York Times, NBC, Ohio Republican, ABC News, MSNBC, Fox, ”, Veteran Democratic Locations: Philadelphia, Republic, Ohio, Arizona, Siena, America

☆ Video: Robert De Niro explains why he thinks Trump isn’t right for the presidency
▼ + stars: | 2024-09-12 | by ( Chris Wallace | ) edition.cnn.com time to read: 1 min

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☆ Trump allies do damage control as Harris rides fresh momentum post debate
▼ + stars: | 2024-09-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Harris’ campaign is also leveraging the endorsement of Taylor Swift, which could open a new seam of interest among the pop megastar’s loyal fanbase. The former president also Wednesday publicly toyed with the idea of a second debate, after the Harris campaign challenged him to another round. There’s a case for the vice president folding her tent given that she might not be able to repeat Tuesday’s performance. He weaved a dismissal of the Swift endorsement for Harris into a wider attack on the vice president on Fox News. The Trump campaign is sure to keep up its drumbeat of complaints that she’s avoiding deeper media scrutiny.

Persons: CNN —, Donald Trump, Kamala Harris, Harris, Trump, Joe Biden’s, Taylor Swift, goad Trump, Philippe Reines, Hillary Clinton, CNN’s Kaitlan Collins, Reines, State Clinton, Joe Biden, Michael Bloomberg, Sen, JD Vance, Michael M, Biden, Mike Bloomberg, Andrew Bates, ” Bates, Robert F, Kennedy Jr, Kennedy, ” Harris “, ” Kennedy, ”, Mike DeWine, he’s, smarting, doesn’t, SSRS, ” Vance, John Murtha Johnstown, Mandel Ngan, CNN’s MJ Lee, CNN’s John King, “ Kamala Harris, Linda Rooney, Nikki Haley Organizations: CNN, Democratic National Convention, Trump, State, New York City, Museum, Republican, New, Fox News, ABC News, Republican Party, Ohio’s Republican Gov, Fox, ABC, “, Boxing, UFC, Fighter, Truth, Air Force, Getty, Harris, Democratic, South Carolina Gov Locations: Philadelphia, “, New York, New York City, Shanksville , Pennsylvania, untruths, Springfield , Ohio, Cambria, Airport, Johnstown , Pennsylvania, AFP, Wilmington , Delaware

☆ AI is forcing many companies to make difficult, costly hiring decisions
▼ + stars: | 2024-09-12 | by ( Barbara Booth | ) www.cnbc.com time to read: +6 min

But Kardes says the challenge lies in "ensuring the external expertise is effectively integrated with the internal team…to prevent long-term dependency." People have been doing machine learning and other parts of AI for a long time, but [generative AI] is somewhat novel." Instead of hiring external AI consultants, he developed a "tiger team" — a specialized internal team dedicated to experimenting with AI. Gen AI resultsBitsight's AI experiment focused on automating a labor-intensive task: leveraging generative AI to process vast amounts of cybersecurity articles produced daily across multiple languages. Today the company has more than 200 AI models embedded in various applications and workflows, driving innovations in senior care.

Persons: Hakan Kardes, Kardes, upskilling, Stephen Boyer, they've, who've, Boyer, Bitsight's, We've, Ryan Sutton, Robert Half, Sutton Organizations: Meta, Health, Tech

☆ A 30 year old with a $1 million net worth explains the 4 steps that got her there
▼ + stars: | 2024-09-12 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +8 min

She also traveled the world for two years and learned to make money without a day job. AdvertisementShortly after returning from Europe, Tseung began investing and using her skills to build multiple sources of passive income. She now teaches others how to manage their finances, invest, and build passive income through on her blog and her accounts on YouTube, TikTok, and Instagram. This book taught her to make money work for her instead of working for money. For me, it's to continue being impactful and building my brand, teaching people how to build passive income and become financially free.

Persons: Sharon Tseung didn't, —, Sharon Tseung, Tseung, doesn't, Timothy Ferriss, Rich Dad, Robert T, it's Organizations: Service, University of California, Business, YouTube Locations: Berkeley, Europe

☆ Why VW investing $5 billion in Rivian might be transformative for both companies — and the auto industry
▼ + stars: | 2024-09-12 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

Electric truck maker Rivian's $5 billion deal with Volkswagen Group nets Rivian some much-needed cash. But it also gives Volkswagen a path to a future in the auto industry it has struggled to gain on its own. As of the second quarter, Rivian was losing somewhere around $1.5 billion per quarter — or about $30,000 to $43,000 on every truck it sold in the past five quarters. Financial strain and instability in the EV market and the broader economy have led to multiple rounds of layoffs at Rivian. But there are still challenges: Automotive history is littered with failed partnerships, Rivian and VW are still competitors, and the EV transition has proven rockier than many forecasters had expected.

Persons: Rivian, Joe McCabe, Alex Potter, Piper Sandler Organizations: Volkswagen Group, Volkswagen, AutoForecast Solutions, EV, VW Locations: Georgia

☆ Harris campaign guarding against overconfidence after her debate performance sent Democrats’ spirits soaring
▼ + stars: | 2024-09-12 | by ( Kevin Liptak | Kayla Tausche | ) edition.cnn.com time to read: +7 min

“Six-fifty yesterday morning, one of my township supervisors called me and wanted to know what I thought,” Dingell said. “That discussion brought me right back down to Earth.”Burned before by overconfidence, Democrats this cycle are running against two opponents. Huddled at their campaign headquarters in Wilmington, Delaware, the day after the debate, Harris’s campaign aides determined the event would likely do little to change the overall trajectory of the race. Campaign officials spent part of Wednesday looking through debate footage to identify moments that would make effective television ads. Gavin Newsom said on “CBS Mornings” on Tuesday ahead of the debate, rejecting the “underdog” label for Harris: “She’s not.

Persons: Washington CNN — Kamala Harris, Debbie Dingell, ” Dingell, Donald Trump, Harris, Harris’s, Harris —, Hillary Clinton’s, Joe Biden, —, Tim Walz, Robert F, Kennedy Jr, Trump, Harris “, haven’t, Doug Emhoff, ” Harris, ”, Al Gore, Dingell, “ There’s, it’s, Gavin Newsom, “ Organizations: Washington CNN, Michigan Democratic, CNN, overconfidence, Democratic, NC, Teamsters, National Association of Black Journalists, CBS Locations: Harris’s, Chicago, Wilmington , Delaware, North Carolina, Pennsylvania, Carolina, Washington, Philadelphia, Michigan, California

☆ In purple North Carolina, Democrats hope to defeat a MAGA candidate for governor even as the presidential race remains close
▼ + stars: | 2024-09-12 | by ( Arit John | ) edition.cnn.com time to read: +15 min

CNN —Four years ago, North Carolina voters handed Democrats one of the party’s toughest losses and one of its most consequential wins. The race to succeed the term-limited Cooper, however, seems to be leaning toward the Democratic nominee, North Carolina Attorney General Josh Stein. But North Carolina is still a purple state with a history of elections decided by razor-thin margins. Mike Stewart/APA ticket-splitting stateHistorically, North Carolina voters have favored ticket-splitting. “There’s no connection between the gubernatorial ticket and presidential ticket,” said North Carolina Republican strategist Paul Shumaker.

Persons: Donald Trump, Joe Biden, Roy Cooper, Kamala Harris, Harris, Cooper, Josh Stein, Stein, Mark Robinson’s, Sen, Thom Tillis, Pat McCrory, Robinson, ”, ” Jonathan Felts, “, ” Felts, Mike Stewart, Jimmy Carter, Barack Obama, McCrory, HB2, Trump, Hillary Clinton, Paul Shumaker, “ There’s, don’t, He’s, Mark Robinson, ” Robinson, Mike Lonergan, ” Stein, Morgan Hopkins, “ Martin Luther King, It’s, ” Trump, Susan Myers, ” Myers, “ Mark’s, Grant Baldwin, Anderson Clayton, “ He’s, Adam Stein –, Deloris Rhodes, she’s, ” Rhodes, Heather Horak, –, Obama, Robert F, Kennedy Jr, Horak, wasn’t, he’s, ” CNN’s David Wright Organizations: CNN, North, Democratic Gov, Republican, Trump, Democratic, GOP, Democrats, Democrat, North Carolina Republican Council of State, Labor, Republicans, ” North Carolina, AP, North Carolina Republican, Quinnipiac, Fox, America, Democratic Governors Association, Republican Governors Association, “, ”, Getty, Dartmouth, Harvard University, Ivy League, Army Reserves, University of North, Greensboro City, Facebook, Wilmington Business, State Board of Education, Wilmington Locations: North Carolina, Charlotte, Greensboro, ”, Raleigh, McCrory’s, Asheville, Pink Hill , North Carolina, Charlotte , North Carolina, Chapel Hill, Carolina, University of North Carolina, Parkland , Florida, Wilmington

The bank raised its price target on MercadoLibre Thursday to $2,500 from $2,225, suggesting 22% upside from Wednesday's close. The bank increased its price target to $230 from $200, implying nearly 16% upside from Wednesday's close. Supino also lifted the firm's price target to $93 a share, reflecting about 33% upside from Wednesday's close. Analyst Adam Berlin lowered his 12-month price target to $29 from $34, implying 6% downside. The investment firm's price target of $159 implies more than 2% downside from Wednesday's close.

Persons: Robert Ford Aguilar, — Michelle Fox, Wells, Wells Fargo, Eric Luebchow, Luebchow, Lisa Kailai Han, Sean Conlon, Wolfe, Peter Supino, Supino, Samantha Subin, BofA, George Staphos, a.m, Adam Berlin, Berlin, IPG, — Sean Conlon, Bernstein, Mark Moerdler, — Lisa Kailai Han, Stifel, Simon Yarmak, Andrea Pistacchi, Brandt Montour, it's, Montour, Fred Imbert Organizations: CNBC, Barclays, Bank of America, Diageo, Mercado, Mobile, Sprint, Wolfe Research, UBS downgrades, UBS, billings, GM, Pfizer, Oracle, Simon Property, Property Group, SPG, U.S, New York Stock Exchange Locations: Brazil, Mercado Pago, Wells Fargo, Wells, Roku, Berlin, America, U.S

☆ American Airlines flight attendants ratify new contract with immediate raises topping 20%
▼ + stars: | 2024-09-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

American Airlines flight attendants approved a five-year labor deal, ending one of the industry's most contentious contract negotiations and giving cabin crews raises of up to 20.5% at the start of October. Eighty-seven percent of the American Airlines flight attendants who voted approved the contract, the union said Thursday, shortly after polls closed. Flight attendants are the biggest unionized work group at the Fort Worth-based airline. "Reaching an agreement for our flight attendants has been a top priority, and today, we celebrate achieving this important milestone," American CEO Robert Isom said in a statement. United Airlines and its flight attendants' union are still negotiating for a new contract, while Alaska Airlines cabin crew members recently rejected a tentative labor deal.

Persons: Julie Hedrick, Pete Buttigieg, Julie Su, Robert Isom Organizations: Association of Professional, Fort Worth International, American Airlines, Fort, Transportation, Labor, National, United Airlines, Alaska Airlines, Boeing Locations: Dallas, DFW, Dallas , Texas, Fort Worth, Hollywood

☆ Ajit Jain, Buffett's insurance leader for nearly 40 years, dumps more than half of Berkshire stake
▼ + stars: | 2024-09-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Ajit Jain, Warren's Buffett's insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway , a new regulatory filing showed. The 73-year-old vice chairman of insurance operations dumped 200 shares of Berkshire Class A shares on Monday at an average price of $695,418 per share for roughly $139 million. That left him holding just 61 shares, while family trusts established by himself and his spouse for the benefit of his descendants hold 55 shares and his nonprofit corporation, the Jain Foundation, owns 50 shares. Monday's sale represented 55% of his total stake in Berkshire. "This appears to be a signal that Ajit views Berkshire as being fully valued," said David Kass, a finance professor at the University of Maryland's Robert H. Smith School of Business.

Persons: Ajit Jain, Ajit, David Kass, University of Maryland's Robert H Organizations: Jain Foundation, Berkshire, University of Maryland's, Smith School of Business Locations: Berkshire Hathaway, Berkshire

The first ballots of the 2024 general election are heading to voters, as Alabama officials started mailing them out Wednesday. Alabama requires that voters have a reason to vote by mail, such as being absent from the county or working during Election Day. In 2022, just over 45,000 voters cast absentee ballots, accounting for roughly 3% of all the state's ballots. Officials in Alaska, Idaho, Kentucky, Pennsylvania, Wisconsin, Arkansas, Minnesota, South Dakota, Virginia, West Virginia, Wyoming, Colorado, Louisiana, Maryland, New Jersey, Oklahoma, Rhode Island, Texas, Mississippi, Oregon, and Vermont will begin sending mail ballots later this month. And Virginia voters will be the first to cast in-person ballots in significant numbers, with early in-person voting kicking off on Sept. 20.

Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Kamala Harris, Jill Stein, Chase Oliver Organizations: Voters, ., North Carolina, Republican, Trump Locations: Alabama, . North Carolina, North Carolina, Alaska , Idaho , Kentucky, Pennsylvania, Wisconsin , Arkansas, Minnesota, South Dakota, Virginia, West Virginia , Wyoming , Colorado , Louisiana , Maryland , New Jersey , Oklahoma, Rhode Island , Texas , Mississippi , Oregon, Vermont

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