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☆ ‘Ernest Cole: Lost and Found’: The anti-apartheid photographer who turned his lens on Black America
▼ + stars: | 2024-11-26 | by ( Thomas Page | ) edition.cnn.com time to read: +10 min

“He left South Africa and resettled in the United States in 1966,” it ends, before listing his survivors. The image, taken by South African photographer Ernest Cole, is one of thousands taken during his time in exile in the United States. Not looking for an impression but authenticity, he cast the American actor over a South African. Courtesy Magnolia PicturesIn the film, Cole despairs, “exile is destroying us one by one.”“You leave your country heartbroken,” the director said. Inside were around 60,000 Cole negatives, spanning South Africa and the US, plus his notes and contact sheets.

Persons: Ernest Cole, Cole, Nelson Mandela, Cole’s, “, ”, Muhammad, Raoul Peck, LaKeith Stanfield, “ Ernest Cole, Peck, James Baldwin, Patrice Lumumba, ‘, Stanfield, it’s, Magnolia Pictures Cole, Jim Crow, ” Peck bristled, It’s, ” –, Hébert B, Peck – “, Cole despairs, I’ve, Leslie Matlaisane, Ernest Cole Family, SEB, — Organizations: CNN, New York Times, “, Islam, Cannes Film, Aperture, Democratic, Magnolia, Magnolia Pictures, Ford Foundation, Liberal, ANC, African National Congress, SWAPO, Ernest Cole Family Trust Locations: Manhattan , New York, South Africa, South, United States, New York City, African, Haitian, American, Democratic Republic of Congo, DRC, Pretoria, New York, Harlem, Black America, Haiti, France, Berlin, Brazil, Nicaragua, —, York City, “, Africa, Sweden, America, Swedish, ”

☆ Senate report slams airlines for raking in billions in seat fees
▼ + stars: | 2024-11-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

A Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights. Between 2018 and 2023 American , Delta , United , Spirit and Frontier brought in $12.4 billion in seating fees, including for seats with extra legroom as well as those in "preferred" locations that are closer to the front of the plane, or window or aisle seats, said the report from the Senate Permanent Subcommittee on Investigations. While most major U.S. airlines have gotten rid of ticket-change fees for standard economy tickets, they have added fees to select more popular or roomier seats on board. Carriers have also been racing to add more premium seats on board to increase revenue.

Organizations: Frontier, Investigations Locations: Delta, U.S

☆ A mother and daughter were estranged — then Thanksgiving came. Here's how they spent it.
▼ + stars: | 2024-11-26 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

A formerly estranged mother and daughter spent holidays fully alone or with their chosen family. A few months after Lindsey Glass went no-contact with her mom in 2014, it was Thanksgiving. Leslie was invited to a friend's Thanksgiving celebration, but never showed up. "Thanksgiving has been extremely important in our family, going back a couple of generations," Leslie said. AdvertisementThe holidays brought them back togetherLindsey Glass with her mother, Leslie Glass.

Persons: Lindsey Glass, Lindsey's, Leslie, Lindsey, Leslie Glass Organizations: Hallmark, AA Locations: New York City, New York, Los Angeles, Lindsey

Starbucks' airport location staff — and company technology — will be put to the test this week during some of the busiest travel days of the year. For the aviation industry, bottlenecks at airport Starbucks are just another sign of soaring demand and overcrowded airports. Licensing modelA challenge for Starbucks is that licensees — not Starbucks itself – operate its airport locations. Starbucks opened its first airport location with licensee HMSHost in 1991 at Seattle-Tacoma International Airport, which serves Starbucks' hometown. While HMSHost still operates the overwhelming majority of Starbucks' airport cafes, more operators, such as Paradies Lagardere and OTG, have since taken a swing at it.

Persons: Jeff Greenberg, Coresa Barrino, Brian Niccol, Niccol, Jennifer Simkins, Ursula Cassinerio, HMSHost, Paradies, OTG, Mark Kalinowski, Leslie Josephs, Kevin Schimpf, Sara Senatore ., Senatore Organizations: Miami International Airport, Universal, Getty, Starbucks, New, Transportation Security Administration, U.S . Department of Transportation, Aviation Administration, Dallas Fort Worth International, International, Airlines, Tacoma International Airport, HMSHost, Equity Research, LaGuardia, CNBC, Bank of America Locations: Miami, Charlotte , North Carolina, Charlotte, Chipotle, U.S, Seattle, New York City

☆ Delta forecasts more sales growth in 2025 thanks to high-end demand, 'resilient economy'
▼ + stars: | 2024-11-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines on Wednesday said sales would grow in 2025, citing a "resilient economy" for strong travel demand and credit card spending, especially for higher-end offerings. Delta forecast revenue growth in the mid-single digit percentage points next year compared with 2024, in line with the roughly 6% growth analysts were expecting. In an investor day presentation, the carrier said it would expand flying by 3% to 4% next year from 2024. Hauenstein said Delta is looking for new ways to segment its cabins after the carrier — and rivals — spent years breaking coach-class into options like premium economy, extra-legroom seats and basic economy. While it didn't provide detail, it's also considering more options for travelers sitting in the front of the plane too, Hauenstein said.

Persons: Delta, Glen Hauenstein, Delta's, Hauenstein, —, it's Organizations: Delta Air Lines, American Express, United Airlines Locations: Tuesday's

☆ Delta CEO says Trump administration's approach to regulation could be 'breath of fresh air'
▼ + stars: | 2024-11-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Delta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of fresh air." Speaking to reporters ahead of Delta's investor day, Bastian noted that President-elect Donald Trump campaigned saying he would take a "fresh look" at regulation and bureaucracy. "We have to invest in this industry," American Airlines CEO Robert Isom said at the Skift Aviation Forum in Dallas last week. In an interview last week, Sun Country Airlines CEO Jude Bricker said: "We just need stability and resources at the DOT." Industry members and analysts also expect the incoming administration to be more open to mergers and consolidation.

Persons: Ed Bastian, Bastian, Donald Trump, Pete Buttigieg, Trump, Sean Duffy, Duffy didn't, Robert Isom, Jude Bricker, Joe Biden's Organizations: Delta Air Lines Inc, Delta Air, Trump, U.S . Department of Transportation, Delta, Fox Business, U.S, Federal Aviation Administration, American Airlines, Skift Aviation, Sun Country Airlines, Industry, Alaska Airlines, Hawaiian Airlines, Biden's Justice, Spirit Airlines, JetBlue Airways, JetBlue Locations: New York, Dallas, U.S

☆ Watch CNBC's full interview with Goldman Sachs chairman & CEO David Solomon
▼ + stars: | 2024-11-20 | 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 EmailWatch CNBC's full interview with Goldman Sachs chairman & CEO David SolomonDavid Solomon, Goldman Sachs chairman and CEO, sits down with CNBC's Leslie Picker to discuss whether deregulation promises made by president Donald Trump will come to fruition, expectations for markets in the new administration, and more.

Persons: Goldman Sachs, David Solomon David Solomon, CNBC's Leslie Picker, Donald Trump

☆ Goldman Sachs CEO: The market is signaling belief that new government will pare back regulation
▼ + stars: | 2024-11-20 | 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 EmailGoldman Sachs CEO: The market is signaling belief that new government will pare back regulationDavid Solomon, Goldman Sachs chairman and CEO, sits down with CNBC's Leslie Picker to discuss whether deregulation promises made by president-elect Donald Trump will come to fruition, expectations for markets in the new administration, and more.

Persons: Goldman Sachs, pare, David Solomon, CNBC's Leslie Picker, Donald Trump

☆ Goldman Sachs' top tech bankers size up the industry's dealmaking landscape
▼ + stars: | 2024-11-20 | 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 EmailGoldman Sachs' top tech bankers size up the industry's dealmaking landscapeGoldman Sachs' Global Head of Internet Investment Banking, Jane Dunlevie, and Global Co-Head of Software Investment Banking, Ryan Nolan, join CNBC's Leslie Picker from the firm's Private Innovative Company Conference which convenes prominent pre-IPO companies in Las Vegas. Dunlevie and Nolan weigh in on how AI is changing dealmaking strategy and explain why they expect to see a more vibrant tech capital markets environment in 2025.

Persons: Goldman Sachs, Jane Dunlevie, Ryan Nolan, CNBC's Leslie Picker, Dunlevie, Nolan Organizations: Internet Investment Banking, Global, Software Investment Banking, Innovative Company Locations: Las Vegas

☆ American Airlines to shame boarding line cutters with new technology
▼ + stars: | 2024-11-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines is rolling out new technology across the country to crack down on travelers trying to get on the airplane before their boarding group is called. Customers who try to scan a boarding pass before their group is called will hear a two-note sound and be turned away, the airline said. American Airlines has nine boarding groups, ranging from first-class customers and top-tier frequent flyers to travelers who purchased basic economy fares, or the least-expensive tickets. Airlines reward their high-paying elite frequent flyers with perks such as earlier boarding, and have been trying to keep it exclusive. The new technology as of Wednesday is in more than 100 nonhub airports around the U.S. following tests over the past month at Albuquerque International Sunport, Ronald Reagan Washington National Airport and Tucson International Airport, American Airlines said.

Persons: Ronald Reagan Organizations: Airlines, American Airlines, Albuquerque International, Ronald Reagan Washington National Airport, Tucson International Airport Locations: Ronald Reagan Washington, Tucson

At 34, he was the city’s youngest ever mayor, and he campaigned on a promise of self-determination for the predominantly Black city. It’s an ongoing factor in Mississippi politics,” said Leslie McLemore, a former Jackson State University political science professor who also once sat on the Jackson City Council. That was on top of years of boil-water notices that eroded residents’ trust in the city’s water supply. In April, a push by conservative legislators to strip local control of the city’s water system failed for the second time in the House. Rogelio V. Solis / AP fileByron D'Andra Orey, a political science professor at Jackson State University, said the bribery scandal could shape the municipal elections.

Persons: JACKSON, —, Chokwe Antar Lumumba, Jackson, Lumumba, Jody Owens, Aaron Banks, Angelique Lee . Lumumba, Owens, Banks, Lee, “ I’m, Virgi Lindsay, Lindsay, ”, Leslie McLemore, ” McLemore, ” Jackson, Lauren Witte, Ronnie Crudup Sr, “, that’s, Jacksonians, “ It’s, ” Kim Meeks, Rogelio V . Solis, Zakiya Summers, Summers, Tate Reeves, Reeves, Bill, “ H.B, Liam Kennedy, Chokwe Lumumba, Tupac Shakur, ” Jacksonians, Rukia Lumumba, Annie Cooper, Jan, Byron D'Andra Orey, CJ Rhodes, Mount Organizations: Miss, City, Republican, Democratic, Jackson State University, Jackson City Council, USA, New Horizon Church, City Council, DA, Rep, U.S . Justice Department, NAACP, Mississippi Army National Guard, Lumumba, Clarion, Ledger, ”, State Capitol, Mount Helm Baptist Locations: Black, Hinds, ”, Mississippi, Jackson, Mississippi’s, Jackson’s Fondren, Hinds County, “, Northwest Jackson, Mount Helm

☆ CVS strikes deal with activist Glenview Capital for four board seats
▼ + stars: | 2024-11-18 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

CVS Health announced on Monday that it struck a deal with dissident investor Glenview Capital for four board seats, just a few weeks after the healthcare giant ousted former chief Karen Lynch. Glenview CEO Larry Robbins will join the CVS board effective immediately, alongside three other directors, which CVS said emerged from a "productive discussion" with Glenview. CVS' board will expand to 16 members. Glenview amassed a sizable stake in the healthcare conglomerate and worked with management in the lead-up to Lynch's ouster. Elliott Management struck a deal with Southwest Airlines in October in which the activist fund secured six seats on the carrier's board.

Persons: David Joyner, Karen Lynch, Larry Robbins, Roger Farah, Leslie Norwalk, Guy Sansone, Doug Schulman, Glenview's Robbins, Ancora, Alan Shaw Organizations: CVS, Health, Education, Labor, Washington , D.C, CVS Health, Glenview Capital, Glenview, Elliott Management, Southwest Airlines, Norfolk Locations: Washington ,, Glenview, Norfolk Southern

☆ What travelers need to know about Spirit Airlines' bankruptcy
▼ + stars: | 2024-11-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

In this article SAVE Follow your favorite stocks CREATE FREE ACCOUNTA passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago. Here's what travelers need to know:Why did Spirit file for bankruptcy? Spirit said Monday that it has reached a prearranged deal with the majority of its bondholders for a "streamlined" Chapter 11 bankruptcy protection plan. Rather, it gives the airline protection to reorganize its business, which often means shedding assets or parts of its operation.

Persons: Brandon Bell, Ted Christie, Spirit, —, Henry Harteveldt, Harteveldt Organizations: Spirit Airlines, Austin, Bergstrom International Airport, Getty, Airlines, U.S, American Airlines, Airbus, JetBlue Airways, Atmosphere Research, Spirit Locations: Austin , Texas

☆ Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
▼ + stars: | 2024-11-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Spirit Airlines , an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger and more demanding consumer tastes. The airline said it expects to continue operating normally and said told customers can continue to book as the busy holiday season approaches. Spirit is the first major U.S. airline to file for Chapter 11 since American Airlines 13 years ago. Spirit filed for protection in U.S. Bankruptcy Court of the Southern District of New York.

Persons: Ted Christie, Spirit Organizations: Spirit Airlines, Fort, Hollywood International Airport, Fort Lauderdale , Florida . Spirit Airlines, U.S, American Airlines, JetBlue Airways, Bankruptcy, Southern, of, New York Stock Exchange Locations: Fort Lauderdale, Fort Lauderdale , Florida, , Florida, of New York

☆ Why the market should prepare for inflation to return in Trump second term, according to hedge fund investor David Einhorn
▼ + stars: | 2024-11-14 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +3 min

"We have increased our bets on inflation," he told CNBC's Leslie Picker at CNBC's Delivering Alpha investor summit on Wednesday. "We will have another inflection up in inflation," he said. "The policy mix being proposed is inflationary and we will see more of that over the next few years." The latest CPI data released Wednesday showed inflation in line with market expectations, at 2.6%. There is an argument for tolerating it and trying to run the economy as hot as possible.

Persons: David Einhorn, Donald Trump's, CNBC's Leslie Picker, Einhorn, bearish, Nelson Peltz, Trump, Harris, You've, you've, Anne Walsh Organizations: Greenlight, Alpha, Trump, Maytag, Trian, Guggenheim Partners Investment Management Locations: U.S

☆ Greenlight's David Einhorn says the markets are broken and getting worse
▼ + stars: | 2024-11-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

As he has done several times before, Einhorn pointed a finger at passive, index investors: "The passive people, they don't care what the value is." "I view the markets as fundamentally broken," Einhorn said back in February on Barry Ritholtz's "Masters in Business" podcast. "You have these companies, and all they do is they manage these expectations, right?," Einhorn told Picker. This is causing great pain to value investors like Einhorn, many of whom have seen cash flee their funds. Another reason for long-term underperformance by active managers: They are competing against other active managers who have very little competitive edge against each other.

Persons: David Einhorn, Greenlight Capital's David Einhorn, Leslie Picker, Einhorn, It's, Picker, Barry Ritholtz's, Rob Arnott, Arnott, there's, doesn't, RAFI, you'd, I'm Organizations: Greenlight Capital, CNBC Delivering Alpha Investor, Alpha, CNH, Interactive, Cornell grad, Research Affiliates, P Global Locations: New York City, U.S

☆ Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks
▼ + stars: | 2024-11-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing's 737 factory in Renton, Washington, November 18, 2021. Boeing machinists approved a new contract last week that included 38% pay raises over four years and other improvements, ending a more than seven-week strike that halted output of most of Boeing's aircraft production. Boeing's 787 Dreamliner production continued during the strike because those planes are made in a nonunion factory in South Carolina. Despite the strike pause, Boeing continued to sell dozens of aircraft in October, with 63 gross orders, two shy of September's total. Forty of them are 737 Max 8s for the Avia Solutions Group.

Persons: Max, Kelly Ortberg Organizations: Boeing, Avia Solutions, LATAM Airlines Locations: Renton , Washington, Washington state, Oregon, South Carolina

☆ FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire
▼ + stars: | 2024-11-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

The Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days after a Spirit Airlines airplane was struck by gunfire trying to land in Port-au-Prince a day earlier. The FAA's ban also prohibits U.S. flights from traveling under 10,000 feet in Haiti's airspace. On Monday, Spirit Airlines Flight 951 from Fort Lauderdale, Florida, diverted to Santiago in the Dominican Republic at around 11:30 a.m. after it was damaged by gunfire, the airline said. Spirit said one flight attendant on board "reported minor injuries" and that no passenger injuries were reported. JetBlue Airways and American Airlines have also canceled flights to the Haitian capital.

Persons: Spirit Organizations: Federal Aviation Administration, Spirit Airlines, U.S, JetBlue Airways, American Airlines, The U.S . State Department Locations: Haiti, Port, Fort Lauderdale , Florida, Santiago, Dominican Republic, The

☆ Hedge funds performed better under Democratic presidents than Republican ones, history shows
▼ + stars: | 2024-11-12 | by ( Leslie Picker | ) www.cnbc.com time to read: +1 min

NYSEThere's been a rush of enthusiasm on Wall Street regarding Donald Trump's election win, but hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR, collating data going back to 1991. But during Democratic administrations, the gap was about 183 basis points, with hedge funds delivering average, annualized returns of 10.16%, compared to 11.99% from the S&P 500. Zoom In Icon Arrows pointing outwards HFRWhen compared with the a bond index, HFR found that hedge funds under both parties outperformed – with stronger alpha when a Democrat was in the White House. Zoom In Icon Arrows pointing outwards HFRSurprisingly, the way that hedge fund participants donate in elections was a bit more tilted toward one party. Zoom In Icon Arrows pointing outwards Open Secrets

Persons: Donald Trump's, annualized, HFR Organizations: New York Stock Exchange, NYSE There's, Republican, Democratic, Democrat Locations: HFR

☆ Hedge funds performed better under Democratic presidents than Republican ones
▼ + stars: | 2024-11-12 | 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 EmailHedge funds performed better under Democratic presidents than Republican onesCNBC's Leslie Picker joins 'Closing Bell: Overtime' to discuss hedge fund performance under the two major political parties.

Persons: CNBC's Leslie Picker Organizations: Democratic

☆ Menendez supporters say brothers should go free — but prosecutors who tried them believe they got what they deserved
▼ + stars: | 2024-11-08 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +13 min

Erik and Lyle Menendez no longer pose a public safety risk and have paid their debt to society, Gascón told reporters. Menendez brothers, Erik, left, and Lyle at their Beverly Hills home in November 1989. Ronald L. Soble / Los Angeles Times via Getty Images fileJuan Mejia, now a head deputy for the Los Angeles County District Attorney’s Office, raised another concern. From left to right; Erik Menendez with his attorney, Leslie Abramson and Lyle Menendez in Los Angeles, Calif on March 9, 1994. Myung Chun / Los Angeles Times via Getty Images fileWhen they committed their crimes, Gascón said, they were younger than 26.

Persons: Erik, Lyle Menendez, “, Pamela Bozanich, ”, Menendez, Chance, Kitty Menendez, George Gascón —, —, Gascón, it’s, José Menendez, gunning, Lyle, Ronald L, Juan Mejia, Mejia, Lyle’s, ” Mejia, Dateline ”, resentencing, they’ve, Nathan Hochman, Hochman, Les Zoeller, who’d, Zoeller, Erik Menendez, Leslie Abramson, Ted Soqui, Ted, they’d, Bozanich, ” Bozanich, ‘, ’, Ann Wolbert Burgess, Mark J, Terrill, Jose, he’d, ” Gascón, They’ve, George Gascón, Myung Chun, Mark Geragos, Andy Cano, Kitty, Jose Menendez, NBC “ I’ve, Andy Organizations: NBC News, Los Angeles, “ Dateline, Beverly Hills, Los Angeles Times, Getty, Los Angeles County, Attorney’s Office, Dateline, Incoming, Angeles, Beverly, Rolex, Porsche, Court, Netflix, “, NBC, Attorney’s Locations: Los, Los Angeles County, Angeles County, Los Angeles, Calif, San Diego, ’ ”, Van Nuys, California

☆ Musk's legal battles pile up as Twitter's ex-CMO becomes the latest to sue him
▼ + stars: | 2024-11-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Twitter's ex-CMO, Leslie Berland, is suing Elon Musk, saying she is owed $20 million in severance. The same week as Berland's filing, Twitter's ex-CEO got the go-ahead to proceed with a similar suit. AdvertisementTwitter's former chief marketing officer, Leslie Berland, is suing Elon Musk, saying she is owed over $20 million in unpaid severance. The documents state that a Twitter employee who was there on Bertrand's recommendation cautioned Musk against reinstating Trump in front of the advertisers, leaving him "embarrassed and angry." Related storiesBerland claims she was wrongly denied about $20 million in benefits owed to her under Twitter's policy.

Persons: Leslie Berland, Elon Musk, Twitter's, —, Berland, Musk, Xavi, Donald Trump's, Parag Agrawal, Maxine Chesney Organizations: Service, Bloomberg Law, Twitter, Cannes Lions, Trump, Business, Verizon, Bloomberg Locations: California's, California, Ireland

While many Silicon Valley VCs and founders aren't huge Trump fans, their industry thrives when startups are getting acquired or going public quickly. The Biden administration clamped down heavily on tech M&A, so Trump's win could be a financial boon for the sector. Stephen Hays, the founder and managing partner of What if Ventures, said money is already moving again. AdvertisementBig Tech returns to the tableAs president, Trump could roll back some of the antitrust policies that his opponent would have continued. "People are keeping to themselves and just getting on with their business," said Conrad Burke, a managing partner of MetaVC Partners.

Persons: Kamala Harris, Reid Hoffman, Laurene Powell, Vinod Khosla, Harris, Donald Trump's, aren't, Biden, There's, Jordan Nof, Stephen Hays, Trump, Elon, Lina Khan's, Lulu Cheng Meservey, Y, Lina Khan, Kevin Dietsch, Brandon Brooks, — Trump's, JD Vance —, Chris Farmer, Mason Angel, Louis Lehlot, Lardner, Michael Greeley, Crypto, hasn't, Gary Gensler, Bitcoin, Brian Garrett, Garrett, Jenny Fielding's, Fielding, Conrad Burke, Leslie Feinzaig, bundlers, Kamala, I've Organizations: Democrat, White House, Trump, Tusk Venture Partners, Ventures, Tech, Federal Trade, Investors, Foley, Big Tech, Markets, Flare Capital, Biden, SEC, Crosscut Ventures, Google, Microsoft, MetaVC Partners Locations: Europe

☆ Boeing’s strike ends after machinists approve new labor contract with 38% wage increases
▼ + stars: | 2024-11-05 | by ( Leslie Josephs | ) www.nbcnews.com time to read: 1 min

Boeing machinists approved a new labor deal Monday that ends a more than seven-week strike that halted most of the company’s aircraft production. Machinists voted 59% in favor of the new contract, which includes 38% wage increases over four years. It was their third vote since walking off the job on Sept. 13 when they overwhelmingly rejected an earlier proposal promising 25% raises, far short of the 40% the union sought. This is a developing story. Please check back for updates.

Persons: Machinists Organizations: Boeing

☆ UK's ultra-rich feel the pinch from Labour's tax-raising budget
▼ + stars: | 2024-11-05 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

New arrivals to the U.K. will receive 100% U.K. tax relief for their first four years, so long as they have been non-resident for the last 10 years. That's in addition to the £21.1 billion the independent Office for Budget Responsibility (OBR) forecast to be raised by earlier changes to the non-dom regime announced by the Conservatives in March. "Although the draft legislation has now been released, the Government still has time to create a new non-dom system that works for internationally-mobile individuals," Porter said in a statement. If they'd gone for the tiered (system), there would have been howls that you've given into the fat cats. "If they'd gone for the tiered (system), there would have been howls that you've given into the fat cats," he said.

Persons: Mike Kemp, Rachel Reeves, Reeves, Times Rich, David Lesperance, Lesperance, Steven Porter, Porter, they'd, Leslie Macleod Miller Organizations: Ford, Labour, Finance, —, Times, Associates, CNBC, Conservatives, Treasury, Government, Foreign Investors, Britain, Lesperance Locations: Kuwait, Burlington, Bond, London, United Kingdom, City, That's, Italy, Switzerland, Dubai

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