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Payden's assets have grown with the firm: As majority owner, she boasts an estimated net worth of roughly $700 million and is a "newcomer" on Forbes' recently published 2024 list of America's Richest Self-Made Women. "I was hired at a 25% discount because I didn't know the difference between a bond and stock," Payden told the Los Angeles Times in 1999. Within a couple years, she moved to Los Angeles to join Scudder, Stevens & Clark, a prestigious money management firm. She failed at least one of those attempts because she "didn't play golf" at an annual meeting on a men-only course, Payden told students at Notre Dame in 2011. Since then, she's built her firm into one of the largest private money management firms in the U.S.
Persons: Joan Payden, she's, Forbes, Payden, Merrill Lynch, Scudder, Stevens, Clark, wouldn't, Sandra Rygel, Payden wasn't Organizations: Payden, Forbes, Trinity College in, Trinity College in Washington , D.C, Los Angeles Times, Notre Dame, Trinity's, U.S, Zurich Insurance Group, CNBC Locations: Los Angeles, Trinity College in Washington ,, New Jersey, Swiss
A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds using a taxpayer database he had access to. Rupe was working at the IRS' service center in Ogden, Utah, in 2021 when he began the diversion scheme, according to an indictment filed Wednesday. As part of his job, Rupe "had the ability to adjust tax, credits, penalties, and interest to certain taxpayer accounts in an IRS computer database," the indictment said. In April 2022, the indictment says, Rupe accessed a database to transfer $2.02 million in tax credits from oil and gas giant Exxon's taxpayer account to Ex Xo Exteriors Ltd.'s taxpayer account, the indictment alleges. More than a year later, in August 2023, Rupe "accessed an IRS database to transfer the diverted tax credit funds from one tax year to another," the indictment says.
Persons: Rodney Quinn Rupe, Rupe Organizations: IRS, Exxon Mobil, Prosecutors, Treasury, Xo Locations: Utah, Syracuse , Utah, U.S, Salt Lake City, Ogden , Utah
Ukrainian President Volodymyr Zelenskyy's very public criticism of China over its relationship with Russia and cool stance toward a forthcoming peace summit could end up backfiring on Kyiv, analysts say. China analysts say Zelenskyy's outburst was a risky move that could antagonize and alienate Beijing — and push it closer to Russia. Russian President Vladimir Putin and Chinese President Xi Jinping bid farewell at the end of talks in Beijing, China May 16, 2024. China confirmed last week that it would not send a delegation to the Ukraine peace summit set to be held at the Bürgenstock resort above Lake Lucerne, saying the event does not meet its expectations that both Russia and Ukraine take part. Ukraine's President Volodymyr Zelenskyy speaks with Chinese President Xi Jinping via phone line, in Kyiv on April 26, 2023.
Persons: Volodymyr Zelenskyy's, Zelenskyy, Volodymyr Zelenskyy, Edgar Su, Astrid Nordin, Putin, Xi Jinping, Vladimir Putin, Mikhail Metzel, it's, Mao Ning, Bonnie Glaser, Glaser, Xi, Joe Biden, Kamala Harris, Jake Sullivan, Volodymyr Zelenskiy, Leah Millis Organizations: Beijing, Reuters, Ministry, Chinese International Relations, King's College London, CNBC, Putin, Russian, Via Reuters, Presidential Press Service, Foreign, Asia, German Marshall Fund of, National Security, White Locations: China, Russia, Kyiv, Singapore, Ukraine, Moscow, Switzerland, Reuters China, Beijing, Via, Via Reuters China, Lake Lucerne, United States, Saudi Arabia, California, Hollywood, Moscow . U.S, Washington , U.S
New York CNN —Red Lobster wants to close several dozen more restaurants following its bankruptcy, and it has identified which ones are in danger of shutting down if the court approves its plan. The chain, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, filed for bankruptcy last month. Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime. A few weeks prior to its bankruptcy, it abruptly closed around 50 locations across the United States.
Persons: Fort Smith, Callaghan Lane, Fort, Elizabeth, Merritt, Port Richey, Dale Mabry, Ames, Charles Rock, Noland, Pike, Miller, Monroe, King of Prussia, Knox Abbott, Sam Rittenburg, Anderson Lane, Michael, Van Dorn, Murdock Organizations: New, New York CNN, Beulah, Bell, Oracle, Yuma Palms, Hospitality, College, Run, Fort Myers, Fort Walton, Biscayne, , Michigan City, Charles, Bartow, Pittsburgh, Lamar, Fairfax Locations: New York, America, United States, . Alabama, E, Tuscaloosa Arizona, Flagstaff, Peoria, Phoenix, Tucson, Yuma Arkansas, Shiloh, Fayetteville, Springs, Little Rock California, Citrus Heights, Calaveras, Milpitas, Ave, Monrovia, Pittsburg, Salinas, Hospitality Lane, San Bernardino, San Jose, Lane, Stockton, Vallejo Colorado, Colorado Springs, Fort Collins, Greeley, Pueblo Connecticut, North Haven Delaware, Talleyville Florida, Altamonte Springs, Clermont, North, Clearwater, Coral Springs, Fort Lauderdale, Cleveland, Fort, Fort Walton Beach, Hwy, Kissimmee, Worth, Lake Worth, Lakeland, Leesburg, Haven Ave, Melbourne, Merritt, St, Miami, North Miami, Orange, Alafaya, Orlando, Pensacola, Port, Petersburg, Tampa, The, West Palm Beach Georgia, Columbus, Jonesboro, Rome, Smyrna Illinois, Bourbonnais, Champaign Indiana, Kokomo, , Michigan, Richmond Iowa, Ames Kansas, Topeka Kentucky, Louisville, Paducah Maryland, Salisbury, Salisbury Michigan, Bay City, Waterford Minnesota, West, Bloomington, Golden Valley Mississippi, Tupelo Missouri, Charles Rock Rd, Bridgeton, Independence, Joplin New Jersey, Delran, Paramus New York, Bartow Ave ., Bronx, Copiague, Lakewood, Manhattan, Glen Street, Queensbury, Stony Brook North Carolina, Cary, Jacksonville Ohio, Dayton, Findlay, Maumee, S.E, , New Philadelphia, Parma, Strongsville, Monroe St, Toledo Pennsylvania, Chambersburg, DeKalb Pike, Pittsburgh South Carolina, Cayce, Charleston Tennessee, Chattanooga Texas, Austin, Padre, Corpus Christi, Duncanville, Frisco, Houston, Lubbock, Bedford, Richland Hills, San Antonio, San Marcos, Shenandoah, Texarkana, Wichita Falls Virginia, Alexandria, Blvd, Chesapeake, Fairfax, Spotsylvania, Fredericksburg, Richmond, Broad, Virginia Beach, Pkwy, Virginia Beach Washington, Lynwood, Randall Way, Silverdale West Virginia, Parkersburg
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel CEO on new Lunar Lake, Xeon 6 chips, and how its foundry business can return to profitabilityPat Gelsinger, CEO of Intel, discusses the announcements the company made at COMPUTEX 2024 regarding the Lunar Lake CPU, Xeon 6 processors, and says he expects the "incredible pace of innovation" coming out of Intel's foundry business will eventually help the company return to profitability.
Persons: Pat Gelsinger Organizations: Intel
The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.
Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida
The Central Florida tourism board will vote on a development plan with Disney next week. The proposed development deal could allow Disney to expand its existing Florida properties. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLocal businesses are throwing their support behind Disney's $17 billion development deal, saying it could invigorate the local economy and boost sales. The Central Florida Tourism Oversight District's board of supervisors discussed the pending development deal in a 25-minute meeting on Wednesday at its Lake Buena Vista headquarters.
Persons: , Ron DeSantis Organizations: Disney, Service, Disney's, Central, Central Florida Tourism, Business Locations: Central Florida, Florida, Buena Vista
If so, we'll take a wild guess that you're visiting either Spain, Italy, France, or Greece. Here, Abbamonte shares a few alternatives to popular tourist hot spots that anyone visiting Spain, Italy, France, and Greece should check out. In Spain, forget Barcelona or Madrid and explore the cliffside city of RondaRonda is a historic city in Spain's Andalusia region. Related stories"I've done a lot of road trips around the north of Spain," Abbamonte said. AdvertisementOne of his favorites is Biarritz, a seaside hub known for its surfing culture in the Basque region of France.
Persons: , Lee Abbamonte, Europe's, He's, Colin Rieser, Abbamonte, they're, he'd, Peter.Zelei, Italy don't, Grace Kelly, Bruno Morandi, Saint Paul De Vence Organizations: Service, Business, Camino, Biarritz Locations: Europe, Spain, Italy, France, Greece, Abbamonte, Barcelona, Madrid, Ronda Ronda, Spain's Andalusia, Seville, Ibiza, Majorca, Ronda, Andalucia, Marbella, Sevilla, Gibraltar, Santiago, Santiago de Compostela, Hydra, Mykonos, Aegina, Poros, Meteora, Thessaly, Como, Florence, San Gimignano, Tuscany, Siena, Pisa, Gimignano, Biarritz, Paris, Nice, Basque, It's, San Sebastian, Spanish, Sebastian, Saint, Avignon, Monte Carlo, Monaco
Data analytics software maker Databricks said in a statement on Tuesday that it's acquiring Tabular, a startup that helps optimize data stored in the cloud. The gesture could help Databricks more quickly bring out products as it faces competition from Snowflake and other entities. Databricks is paying over $1 billion to buy Tabular, Databricks CEO Ali Ghodsi said in an interview. Snowflake was also bidding on Tabular, as was Confluent , a person familiar with the matter told CNBC. Focusing more on Iceberg tables might allow Databricks to take business from Snowflake clients that embrace the format.
Persons: Ali Ghodsi, Databricks, Snowflake, Ryan Blue, Dan Weeks, Okta, Mike Scarpelli, Morgan Stanley, Ghodsi, Andreessen Horowitz, Frank Slootman's, Jefferies, Brent Thill Organizations: Databricks, Summit, Street Journal, CNBC, Developers, Netflix, Salesforce, Amazon, Services, Monday, Zetta Venture Partners Locations: San Francisco, Snowflake, Delta
If so, we'll take a wild guess that you're visiting either Spain, Italy, France, or Greece. Here, Abbamonte shares a few alternatives to popular tourist hot spots that anyone visiting Spain, Italy, France, and Greece should check out. Related stories"I've done a lot of road trips around the north of Spain," Abbamonte said. Even so, some of Abbamonte's favorite spots in Italy don't get the love he believes they deserve. AdvertisementOne of his favorites is Biarritz, a seaside hub known for its surfing culture in the Basque region of France.
Persons: , Lee Abbamonte, Europe's, He's, Colin Rieser, Abbamonte, they're, he'd, Peter.Zelei, Italy don't, Grace Kelly, Bruno Morandi, Saint Paul De Vence Organizations: Service, Business, Camino, Biarritz Locations: Europe, Spain, Italy, France, Greece, Abbamonte, Barcelona, Madrid, Ronda Ronda, Spain's Andalusia, Seville, Ibiza, Majorca, Ronda, Andalucia, Marbella, Sevilla, Gibraltar, Santiago, Santiago de Compostela, Hydra, Mykonos, Aegina, Poros, Meteora, Thessaly, Como, Florence, San Gimignano, Tuscany, Siena, Pisa, Gimignano, Biarritz, Paris, Nice, Basque, It's, San Sebastian, Spanish, Sebastian, Saint, Avignon, Monte Carlo, Monaco
I tried giant cookies at two bakeries in Disney Springs to see which one had the best treats. Gideon's Bakehouse and The Cookie Bar have similar prices, but wait times at Gideon's were longer. Ever since Gideon's Bakehouse opened at Disney Springs in 2021, I've heard nothing but good things about its massive, ½-pound cookies. Recently, I started hearing buzz about a new cookie destination at Disney Springs: The Cookie Bar at Summer House on the Lake. The sit-down restaurant opened its Disney Springs location in 2023, and with it came the chain's cookie-filled bakery.
Persons: Gideon's Bakehouse, , I've, I'm, Bakehouse Organizations: Service, Disney, Disney Springs, Business Locations: Disney Springs, Gideon's
CNN —For more than a century, scientists have been unsuccessfully hunting for skull fossils for the thunder bird species Genyornis newtoni. Now, the discovery of a complete G. newtoni skull has resolved this longstanding mystery, giving scientists their first face-to-face encounter with the massive mihirung. Pictured here is the skull of G. newtoni, which is helping resolve a long-standing mystery about the giant bird's face. The illustration also highlights how G. newtoni stacks up sizewise to its closest relative, Anhima cornuta (nearest to G. newtoni) and the cassowary (not related). From there, he constructed a scaffold that was consistent across multiple skull fossils.
Persons: newtoni, Larry Witmer, ” Witmer, “ It’s, , Witmer, Phoebe McInerney, ” McInerney, “ Genyornis, Genyornis, dromornithids, Anhima, Jacob Blokland, ” Blokland, Blokland, McInerney, Blockland, ” Mindy Weisberger Organizations: CNN, Flinders University G, Ohio University, , Flinders University, Flinders Palaeontology, Flinders University Big, Scientific Locations: Australia, Australia’s, it’s, South Australia, South America,
Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products. Photographer: David Paul Morris/Bloomberg via Getty ImagesAMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel . During a keynote address, Su unveiled the Ryzen AI 300 series for next-generation AI laptops. And in partnership with Microsoft , these chips will power laptops equipped with the tech giant's AI chatbot Copilot. This comes less than two months after AMD's April announcement of new processors that can run AI workloads – the Ryzen Pro 8040 for laptops and the Ryzen Pro 8000 for desktops.
Persons: Lisa Su, David Paul Morris, Su, chatbot, workloads Organizations: Devices Inc, AMD, Bloomberg, Getty, Monday, Nvidia, Intel, Qualcomm, Microsoft Locations: San Jose , California, Taipei
We've got you covered if you're looking for how to get tickets to Childish Gambino's 2024 tour. Childish Gambino 2024 North American tour scheduleChildish Gambino's world tour kicks off on August 11, 2024, and will end on February 11, 2025. How to buy tickets for Childish Gambino's 2024 concert tourYou can buy original tickets to see Childish Gambino's 2024 tour on Ticketmaster. Compared to similar touring acts, prices for tickets to Childish Gambino's 2024 concerts are fairly reasonable. There are already 27 international dates scheduled for Childish Gambino's 2024 tour.
Persons: Childish Gambino, Donald Glover, Mrs Smith, King, Glover, Bando Stone, Childish Gambino's, We've, Childish, StubHub, Willow Organizations: Business, FL, UT, AZ, IL, Ticketmaster, StubHub, North Locations: Atlanta, Oklahoma City , Oklahoma, Perth, Australia, North America, Europe, New Zealand, Oklahoma, Kansas City, Milwaukee, Columbus, Detroit, MI, Toronto, ON, Canada, Pittsburgh, Philadelphia, Boston, Uncasville, Brooklyn, NY, Washington, Raleigh, NC, Nashville, TN, Tampa, New Orleans, LA, Houston, Austin, Dallas, Denver, Salt Lake City, Phoenix, Los Angeles, CA, San Francisco, Vancouver, BC, Portland, Seattle, WA, Calgary, AB, Edmonton, Paul, Chicago, Lyon, France, Milan, Italy, Cologne, Germany, Hamburg, Oslo, Norway, Copenhagen, Denmark, Prague, Czech Republic, Berlin, Paris, Munich, Brussels, Belgium, Amsterdam, Netherlands, Manchester, England, Glasgow, Scotland, London, Birmingham, Dublin, Ireland, Auckland, Brisbane, Sydney, Melbourne, Los Angeles ,, Oceania
Electric Cars Are Suddenly Becoming Affordable
  + stars: | 2024-06-03 | by ( Jack Ewing | ) www.nytimes.com   time to read: +1 min
Alex Lawrence, a dealer in Salt Lake City who specializes in used electric cars, has seen a change over the last year in the kinds of customers who are coming into his showroom. Recently, Mr. Lawrence said, customers have been snapping up used Teslas for a little over $20,000, after applying a $4,000 federal tax credit. “We’re seeing younger people,” Mr. Lawrence said. The purchase price of the car has suddenly become in reach.”Regarded by conservative politicians and other critics as playthings of the liberal elite, electric vehicles are fast becoming more accessible. Federal tax credits of up to $7,500 for new electric cars, often augmented by thousands of dollars in state incentives, push prices even lower.
Persons: Alex Lawrence, Lawrence, , Mr Locations: Salt Lake City
Taipei/Hong Kong CNN —Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. The Rubin platform will succeed the Blackwell, which supplies chips for data centers and was announced only in March. But competition is growing, with major competitors AMD (AMD) and Intel (INTC) introducing new products in an effort to challenge Nvidia’s dominance. The new chip will succeed the MI300 and feature more memory, faster memory bandwidth and better computer performance, Su added.
Persons: Jensen Huang, Rubin, Blackwell, Vera, Huang, , Richard Windsor, Lisa Su, ” Su, MI300X, Su, MI400, Patrick Gelsinger Organizations: Hong Kong CNN, Nvidia, AMD, Intel, National Taiwan University, Radio Free Mobile Locations: Taipei, Hong Kong, Taiwan, , we’re, Computex
The team, which will be renamed, will begin play next season in the Delta Center in Salt Lake City, home of one of the Smiths’ other teams, the Utah Jazz of the National Basketball Association. Salt Lake City’s metropolitan area is less than half the size of Phoenix’s; Salt Lake City is the 29th-largest media market while Phoenix is the 11th largest. But the league’s decision was less about the size of Salt Lake City and more about its demographics. Like Phoenix, Salt Lake City is one of the country’s fastest-growing cities. But in Utah, a thriving tech industry has attracted an influx of young workers with disposable incomes.
Persons: Ryan Smith, Ashley Organizations: National Hockey League, Arizona Coyotes, Delta Center, Smiths, Utah Jazz, National Basketball Association, . Locations: Oklahoma City, Las Vegas, Winnipeg , Manitoba, Salt Lake City, Salt, City’s, Phoenix, . Utah, Utah
My first 48 hours on "MILF Manor" season two may have been the wildest of my life and the strangest bonding experience that I've had with my dad. Competing in the challenges was mental warfareJami and Joey in the maple syrup couples challenge in "Milf Manor" episode one. Within a second, the other young men and I realized that the new arrivals were our fathers. Chris, another contestant, and I grouped together the other young men and choreographed a dance we hoped would help us win. Joey Schifilliti and Anthony Schifilliti appear on "Milf Manor" season two.
Persons: , Joey Schifilliti, TLC's, I've, Jami, Joey, Christina Best, Christina, Jami Amaro, Anthony Schifilliti, Barby Garcia Gutierrez, Anthony, Aaron Patton, I'm Organizations: Service, Business, TLC Locations: Canada
Courtesy Matt WronkoskiBut when it’s good, and it usually is, there is something wonderful and irreplaceable about pickup basketball. But I still play pickup ball whenever I can, and recently I’ve been thinking about what it means for America in 2024. In a time when we’re divided by race and class and age, pickup ball cuts across those lines. Maybe this country would be a better place if it worked a little more like a pickup game. And a different basketball playerI was once an angry young man on the basketball court.
Persons: I’d, Thomas Lake, Matt Wronkoski, “ Ginobili, , you’d, Ruthie, Ruthie didn’t, Jimmy Dean, Corey, I’m, Corey wasn’t, Eric, John, We’d Organizations: CNN, rec, America, Spokane Hoopfest Locations: Jacksonville , Florida, America, St, Johns, Springfield , Massachusetts, Jacksonville
Tourists line a street in Venice, Italy, on Saturday, March 16, 2024. Italy is caught in an envious trap: it can't live without tourists, but it's having trouble handling the influx, particularly after Covid. He considers himself fortunate he's a boat driver: he pities the poor tourists who rent cars or try to find an elusive taxi. A general picture shows the main facade of the Pantheon in Piazza della Rotonda on March 30, 2024 in Rome, Italy. The famous Villa La Cassinella on the lake can be yours, for 100,000 euros a week.
Persons: Covid, Taylor Swift, Travis Kelce, there's, Croissants, it's, George Clooney's, Villa D'Este, Clooney, Villa, Uber, Rick Steves, Uber Van, Steves Organizations: Villa, Italian Association of Employment, Milanese, risotto Milanese, La Scala, Villa Oleandra Locations: Venice, Italy, Bellagio, Lake Como, Tremezzo, Paris, Piazza della, Rome, Milan, Marche, Sardinia, New York, Camparino, Villa, North America
But in closing arguments, one of Mr. Bragg’s prosecutors said that Mr. Cohen had told his lies for Mr. Trump. After the election, Mr. Pecker testified, Mr. Trump summoned him to Trump Tower. The ShowdownEven that did not prove that Mr. Trump had falsified records to disguise his reimbursement of Mr. Cohen. Mr. Trump washed his hands of Mr. Cohen, who turned on the man he had once idolized. Mr. Blanche also argued that Mr. Cohen had profited from his hatred for Mr. Trump with two books and a lucrative podcast deal.
Persons: Donald J, Trump, Juan M, Merchan, anoints, Alvin L, Bragg, Trump’s, Stormy Daniels, Michael D, Cohen, Eduardo Munoz, Daniels, Mr, Michael Cohen, , Joshua Steinglass, Cohen “, ” Mr, glowered, Mike Johnson, Biden, , Donald Trump, Dave Sanders, Biden’s, Todd Blanche, Blanche, Todd Heisler, David Pecker, Pecker, nonchalantly, Hope Hicks, Hicks, Ms, The New York Times “, Justice Merchan, “ You’re, ” Ms, Allen H, Weisselberg, Susan Hoffinger, Cohen’s, Joe Piscopo, giddily, Hoffinger, Jean Carroll, Bragg’s, Wesley Parnell, Michael Rothfeld Organizations: White, Republican, Convention, Office, Reuters, Mr, Credit, The New York Times, Democratic, New York Times, National Enquirer, Trump, Playboy, Street Journal, New, Hells Angels Locations: American, Manhattan —, Lower Manhattan, , Florida, Washington, Georgia, New York, Manhattan, Trump’s Midtown Manhattan, Tahoe, Nev, America
Read previewFormer President Donald Trump is officially a felon. Related stories This story is available exclusively to Business Insider subscribers. Legal experts told Business Insider that Trump will more likely receive probation at his sentencing, which is set for July 11. Can Donald Trump still run for president? And he's already doubled down on trying to use Thursday's guilty verdict to his advantage.
Persons: , Donald Trump, Joe Biden, Trump, Stormy Daniels, Michael Cohen, Daniels, Cohen, baselessly, Michael Cohen's, Trump's, Biden, Kathy Griffin Organizations: Service, Trump, Business Locations: Manhattan, New York
Why there's a massive copper shortage
  + stars: | 2024-05-31 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
Demand for copper is surging. The red metal, considered a barometer for economic health, is a vital component for the construction and defense industries as well as a key component in electric cars, wind turbines and the power grid. Existing mines and projects under construction will meet only 80% of copper needs by 2030, according to the International Energy Agency. "High-grade economic copper resources are not abundant, these things aren't all over the place, you have to go find them," said Chris LaFemina, global metals and mining analyst at Jefferies. To look at the challenges facing copper producers, CNBC got a behind the scenes look at Rio Tinto's Kennecott mining operation outside of Salt Lake City.
Persons: Chris LaFemina Organizations: International Energy Agency, Jefferies, CNBC Locations: Rio, Salt Lake City
Last week, he posted on X, formerly Twitter, that he wants to return it, but Tesla isn't willing to buy it back or let him resell it. Tesla has refused my request to sell my recently purchased Cybertruck. The manager cited the Motor Vehicle Order Agreement with Tesla's "no resellers" policy for the Cybertruck. The manager at Tesla's Salt Lake City dealership did not respond to BI's request for comment ahead of publication. Raddon told BI that he's a rule-follower and he doesn't plan to go against Tesla's verdict on the matter or hire a lawyer to dispute the decision.
Persons: , Blaine Raddon, Raddon, Tesla, — Blaine Raddon, Blaine Raddon Raddon, Tesla's, he's Organizations: Service, Business Locations: Bali —, Salt Lake City, Tesla's Salt Lake City
Knighten and Cordier might have been happy in the US, but she has no doubts Italy was the right choice. Knighten and Cordier were living in the UAE when they stumbled upon Lago Iseo during a summer vacation in 2018. Courtesy of Kristina Knighten and Paul CordierKnighten has no regrets about choosing their slice of Italian paradise over a chance to move back to the US. Given the great deal they have as teachers in Italy and how poorly many teachers are paid in the US, Knighten and Cordier have no plans to move stateside. But Knighten wouldn't rule anything out.
Persons: Lago, Kristina Knighten, Paul Cordier Knighten, Knighten Locations: Italy, UAE, It's, America, Vietnam, Chicago
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