DIRS.INFO The most relevant business & tech news

☆ Southwest is making big route changes as it prepares to reveal new details of its turnaround plan
▼ + stars: | 2024-09-25 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

The budget airline plans to cut some 340 pilots and flight attendants from its busy Atlanta base, CNBC first reported Wednesday. Southwest was the second-largest operator in Atlanta behind Delta Air Lines, leaving customers will fewer choices out of the world's busiest airport. The airline also left four airports in August as part of a cost-cutting and restructuring plan, including Bellingham International Airport in Washington state, Mexico's Cozumel International Airport, Houston's George Bush Intercontinental Airport, and Syracuse Hancock International Airport in New York. AdvertisementDespite its shrinking network, Southwest is boosting flights where it has an edge. Further changes are likely to be announced at an investor day on Thursday, which will lay out Southwest's future as we know it.

Persons: —, Houston's George, Elliott Organizations: Service, CNBC, Business, Bloomberg, Delta Air Lines, Chicago O'Hare, Bellingham International Airport, Houston's George Bush Intercontinental Airport, Syracuse Hancock International Locations: Atlanta, Chicago, Southwest, Bellingham, Washington, Cozumel, New York, Nashville, Hawaii

☆ Video: Hurricane Helene hits Mexico as tropical storm
▼ + stars: | 2024-09-25 | by ( Ellen Rittiner | ) edition.cnn.com time to read: 1 min

How relevant is this ad to you? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues

☆ In this close election, these reshoring bets are likely to succeed no matter who becomes president
▼ + stars: | 2024-09-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Trade will work regardless Yet, reshoring is the one macroeconomic trade that will work no matter who wins the White House, according to Societe Generale. Last year, there were 287,000 reshoring and foreign direct investment job announcements, the second-highest year on record, according to the Reshoring Initiative . "One trade that has worked under both of the last two administrations is our US Reshoring 'beneficiary' equities," Kabra wrote. The company provides industrial automation products and services. The industrial conglomerate has a hand in a range of industries, including industrial automation solutions and building automation.

Persons: Donald Trump, Trump, Kamala Harris, John Deere, Harris, Dan Levy, Manish Kabra, Kabra, reshoring, Morgan Stanley, Blake Moret, Jill Carey Hall, Michael Feinger, Feinger, Peter Matt Organizations: Barclays, Societe Generale, Science, Generale's, China, Reshoring, Trump, Packaging Corporation of America, Cummins, Rockwell Automation, Honeywell, Bank of America, Eaton, Steel Dynamics, United Rentals, Commercial Metals Locations: United States, Mexico, China, U.S, reshoring, Midwest

☆ Trump is threatening tariffs on yet another business — and economists say it makes no sense
▼ + stars: | 2024-09-25 | by ( Ana Altchek | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +8 min

Now, trade economists say Trump's latest trade threat makes no sense. I love the company, but as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico," Trump said at Monday's event. AdvertisementJohn Deere is the latest company to face a threat of tariffs from Donald Trump. It's not the first time Trump has threatened companies and Trump's threat to impose large tariffs on imports also isn't new. Trump's tariff goals going into the next election go beyond his former policy on international imports.

Persons: —, Donald Trump, John Deere, they've, Trump, Jonathan W, Coppess, Ian Sheldon, Sheldon, Gary Hufbauer, Hufbauer, Rick Wilking, he's, Trump's, we're, Nicole Bivens Collinson, Sandler, Travis, Rosenberg, Collinson, " Collinson, Kamala Harris Organizations: Service, Business, Fox Business, Republican, University of Illinois, Agricultural Marketing, Trade, The Ohio State University, Peterson Institute for International Economics Locations: Mexico, Smithton , Pennsylvania, Iowa, United States, University of Illinois Urbana, Champaign, Canada, North America, Central America, South America, Georgia, China

☆ How birria took over restaurant menus across the country
▼ + stars: | 2024-09-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

Birria burrito surrounded by birria tacos, birria munchwrap, birria loaded fries and birria consommé at Little Miner Taco in North Bethesda, Maryland. Birria tacos use the slow-cooked meat as a filling and usually include a consommé on the side to dip the taco. Over the past four years, birria has seen its presence on restaurant menus grow 412%, largely thanks to midscale and casual-dining chains, according to market research firm Datassential. More recently, birria took off in New York City, with restaurants and food trucks serving up tacos and consommé across the five boroughs. Finding opportunityQdoba's Brisket Birria, seen here in the chain's quesadillas.

Persons: birria tacos, birria, Laura Chase de Formigny, chiles, El, Del, Taco Bell, Scott Suchman, Steven Alvarez, Alvarez, Don Guadalupe Zárate, Birrieria Gonzalez, TikTok, Qdoba's Brisket, Katy Velazquez, Qdoba, Velazquez, Lamb, Liz Hafalia Organizations: Little Miner, Washington Post, Getty, John's University, Butterfly Equity, San Francisco Chronicle, Hearst Newspapers Locations: Little, North Bethesda , Maryland, Mexican, U.S, Del Taco, Jalisco, Washington ,, St, Europe, Americas, Tijuana, Mexico, Los Angeles, California, New York City, Oakland , California

☆ Map: Track Tropical Storm Helene’s path, forecast and hurricane status
▼ + stars: | 2024-09-24 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Hurricane warnings were issued Tuesday for a wide stretch of Florida’s Gulf Coast ahead of Tropical Storm Helene’s anticipated landfall as a major hurricane later this week, forecasters said. Officials in Mexico also issued hurricane warnings for a large section of the Yucatan Peninsula, stretching from the tourist hotspot of Tulum to Cabo Catoche, on the peninsula’s northern tip, the National Hurricane Center said in an afternoon advisory. The storm is expected to strengthen into a hurricane on Wednesday as it moves across the eastern Gulf of Mexico before becoming a major storm Thursday, according to the advisory. Helene's storm surge is expected to raise water levels in Tampa Bay by as much as 8 feet. Helene's large size will likely mean the storm's hazards will hit an extensive area, the advisory says.

Persons: Helene’s Organizations: Officials, National Hurricane Center Locations: Gulf Coast, Mexico, Yucatan, Cabo Catoche, Florida, Mexico Beach, Pensacola, Tampa, Tampa Bay, United States

A hurricane watch and warnings of storm surges up to 15 feet high were issued Tuesday for almost all of Florida's western coastline as a potential tropical storm moves across the Caribbean Sea and towards the Gulf Coast. The hurricane watch extends from Indian Pass in north-west Florida near Panama City, down to Englewood, and includes Tampa Bay. Hurricane and tropical storm watches are now in effect for the entire western coast of the Sunshine State. A hurricane watch means that hurricane conditions are possible, and is typically issued 48 hours before the anticipated onslaught of tropical-storm-force winds and conditions. Outside of the U.S., a hurricane watch is also in effect for parts of eastern Mexico from Cabo Catoche to Tulum and Pinar del Río in Cuba.

Persons: Helene, Ron DeSantis, DeSantis, Floridians, Beryl, Debby, Francine Organizations: Grand Cayman, National Hurricane Center, NHC, Sunshine State, Lower, Florida Gov, Federal Emergency Management Agency, National Guard, Florida State Guard, Atmospheric Administration, Climate Central, Northern, Florida Climate Center Locations: Gulf Coast, Florida, Panama City, Englewood, Tampa, Grand, Mexico, Flamingo, Walton, Bay, Bonita Beach, Lower Florida Keys, U.S, Cabo Catoche, Tulum, Pinar del Río, Cuba, Cayman Islands, Tallahassee, Gulfport, Henrico County, Bend, Caribbean, Northern Caribbean, Eastern Gulf of Mexico, Texas, Florida’s Big Bend, South Carolina, Louisiana

President Joe Biden will address the United Nations General Assembly for the final time as commander in chief Tuesday morning amid the spiraling conflict in the Middle East, Russia’s ongoing war in Ukraine and growing global concerns about China’s influence. They are also Biden’s first remarks before the General Assembly since Hamas’ attack on Israel in October and the conflict that has ensued in Gaza, killing thousands of civilians. He’ll speak to the leaders of other nations as hope for a cease-fire deal between Israel and Hamas has dimmed. As Israel continues its battle with Hamas, its conflict with Iran-backed Hezbollah has also escalated in recent days. Other key speakers expected at the General Assembly include Iran’s new president, Masoud Pezeshkian; Ukrainian President Volodymyr Zelenskyy; Palestinian Authority President Mahmoud Abbas; and Israeli Prime Minister Benjamin Netanyahu.

Persons: Joe Biden, Kamala Harris, Donald Trump, Israel, John Kirby, Biden, ” Kirby, Kirby, António Guterres, Masoud, Volodymyr Zelenskyy, Mahmoud Abbas, Benjamin Netanyahu, Sabrina Singh, ’, Antony Blinken, “, ” Biden, Trump Organizations: United Nations General Assembly, White, Hamas, National Security, U.N, United Nations, General Assembly, Palestinian, Defense Department, Foreign Ministry, Congressional Republicans Locations: Ukraine, Israel, Gaza, Iran, Lebanon, New York, Sudan, United States, U.S, Mexico, Ukrainian, Wilmington , Delaware, Australia, India, Japan, China, Afghanistan

☆ Trump plays the fear card on the economy – and it seems to be working
▼ + stars: | 2024-09-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

In another twist of his extreme rhetoric, Trump also seems to be seeking scapegoats should he lose the election in just over 40 days. Last week, at an event on antisemitism, the former president warned that “the Jewish people” would be partly to blame if he loses in November. As president, I have to be your protector.”Former President Donald Trump holds a fighting antisemitism event at Trump National Golf Club Bedminster on August 15, 2024, in Bedminster, New Jersey. On Monday, the former president warned that if Congress tried to block him from imposing new tariffs on China, he’d just ignore lawmakers. Like Trump, Harris argues that US Steel should remain American owned in opposing a sale to Nippon Steel — Japan’s biggest steelmaker.

Persons: Donald Trump, “, ” Trump, Kamala Harris, Harris, ”, Trump, Benjamin Netanyahu, he’s, Biden, Netanyahu, —, Adam Gray, We’re, Viktor Orbán, ” mused Trump, Republican Party —, Xi Jinping, Xi, he’d, John Deere, “ I’m, haven’t, Joe Biden, Win McNamee Organizations: CNN, Democratic, Fox News Town, America, Trump National Golf Club Bedminster, Getty, Farmers, Capitol, Republican, Republican National Convention, Republican Party, Monday, Investments, Trump, The New York Times, Siena College, Steel, Nippon Steel Locations: Pennsylvania, China, Israel, Bedminster , New Jersey, Harris, America, Hungarian, Beijing, Mexico, United States, Illinois, Ramos, Sprankle's, Kittanning , Pennsylvania, Arizona , North Carolina, Georgia

☆ Hurricane John slams into Mexico’s southern coast after rapidly intensifying
▼ + stars: | 2024-09-24 | by ( Chris Lau | Gene Norman | ) edition.cnn.com time to read: +2 min

CNN —Hurricane John struck Mexico’s southern coast on Monday night after rapidly strengthening into a major Category 3 storm, triggering warnings of ‘life-threatening’ floods and mudslides. Oaxaca state is a popular tourist spot known for its beautiful landscapes and beaches. Fishermen return to shore ahead of the arrival of Hurricane John in Salina Cruz, Oaxaca State, Mexico, on September 23, 2024. The Salina Cruz Port is seen closed ahead of the arrival of Hurricane John in Salina Cruz, Oaxaca State, Mexico, on September 23, 2024. The rainfall could cause a life-threatening storm surge, producing significant coastal flooding near the landfall location, the National Hurricane Center said.

Persons: John, Hurricane, Rusvel Rasgado, Ana Aldai, ” Organizations: CNN, National Hurricane Center, Getty, Associated Press, AP Locations: Mexico’s, Marquelia, Guerrero, Mexican, Chiapas, Oaxaca, Salina Cruz, Oaxaca State, Mexico, AFP, Puerto Escondido, Salina Cruz Port

☆ TikTok is abandoning its plan to take on Spotify in music streaming
▼ + stars: | 2024-09-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Read previewTikTok is shutting down its music-streaming app, TikTok Music, on November 28. AdvertisementIt's unclear how successful TikTok Music was at building a user base in the five countries where it launched. On Apple's app store, TikTok Music is the 28th most popular music-streaming app in Indonesia and the 71st most popular in Brazil. Why not send those TikTok music fans to a streaming app it owns? Going forward, the company will likely focus on its "Add To Music App" feature, which lets TikTok users add songs or pre-save tracks they hear on TikTok to other streaming services like Spotify, Amazon Music, and Apple Music.

Persons: —, Ole Obermann, TikTok, ByteDance, SiriusXM, hasn't Organizations: Service, Business, TikTok, Universal Music Group, YouTube, Spotify, Amazon Music, Apple Music Locations: Indonesia, Brazil, Singapore, Australia, Mexico, India

☆ Mitch McConnell goes after Trump's trade policy: 'I'm not a tariff fan'
▼ + stars: | 2024-09-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Senate GOP Leader Mitch McConnell issued rare criticism of Trump's approach to trade. Trump has proposed a 10% tariff on all imports, which Kamala Harris calls the "Trump Sales Tax." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSenate Minority Leader Mitch McConnell issued rare criticism on Tuesday of a key economic policy that former President Donald Trump has pledged to pursue if he's elected this November: tariffs.

Persons: Mitch McConnell, Trump, Kamala Harris, McConnell, —, Donald Trump, he's, John Deere Organizations: Service, GOP, Capitol, Business Locations: Mexico

☆ Here’s how Trump says he’ll help US businesses through tariffs and taxes
▼ + stars: | 2024-09-24 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +9 min

Trump’s promised business tax cuts come alongside his suite of targeted tax relief for individuals, a list that continues to grow. Trump used tariffs, in part, to help boost American manufacturing. Reducing the corporate tax rateTrump has long wanted to reduce the corporate tax rate to below 21%. It will force owners of successful companies to sell their businesses to raise the cash to pay the tax, Trump said. Notably, the tax cut law temporarily created a special deduction for the owners of certain pass-through entities who pay business taxes on their individual tax returns.

Persons: Donald Trump, we’re, ” Trump, Trump, Kamala Harris, Joe Biden’s, Trump’s, ” John Murphy, Biden, ”, John Gimigliano, “, Harris, CNN’s Kate Sullivan Organizations: CNN, Trump, Democratic, Social Security, Republicans, Tax Foundation, China Business, Federal Reserve, US Chamber of Commerce, Economic, of New, KPMG Locations: Savannah , Georgia, America, Mexico, United States, American, of New York, Savannah

☆ Harris’ Georgia challenge: reassembling Biden’s diverse 2020 coalition
▼ + stars: | 2024-09-24 | by ( John King | ) edition.cnn.com time to read: +12 min

Georgia voter Christine Nguyen and John King in Decatur, Georgia CNNRebel Teahouse is in Decatur, in reliably blue suburban DeKalb County just outside Atlanta. It is one of the places that helped Biden to his stunning, razor-thin 2020 Georgia win and is now a key test of whether Harris can assemble a similar winning coalition. “Absolutely no,” was Gardner’s answer when we asked whether the switch from Biden to Harris would make him rethink. Republican George W. Bush won 66% in Gwinnett in 2004; in 2020, Biden carried the county with 58%. CNNLike Ngyuen, Hallmon sometimes finds herself in debates over whether Harris or Trump is better for small business and the overall economy.

Persons: Kamala Harris, Christine Nguyen, “, ” Nguyen, That’s, Nguyen, Joe Biden, Donald Trump, Harris, –, John King, Biden, Trump, Biden’s, Kamala, ” Harris, ”, Jan Gardner, ” John King, Suresh Sharma, CNN Suresh Sharma, ” Sharma, Sharma, Republican Mitt Romney, Cobb, ‘, Harris Chantá Villano, Willis, Villano, I’ve, ” Villano, ” Willis, ” Kim Cavaliere, Republican George W, Bush, Cavaliere, ” Cavaliere, ” Hallmon, Hallmon, ’ Hallmon, Martin Luther King Jr, Lakeysha Hallmon, that’s Organizations: Georgia CNN, Biden, Trump, Democratic, Decatur , Georgia CNN, Black, White, CNN, Statewide, American, Pacific Islanders, NASA, General Electric, Republican, Republican Party, Washington, Retail, Sears, Ward Locations: Decatur, Georgia, battlegrounds, Decatur , Georgia, DeKalb County, Atlanta, United States, India, Jamaica, Vietnam, Marietta, Cobb County, Mexico, Powder Springs, MAGA, cryptocurrencies . Georgia, Powder Springs , Georgia, Massachusetts, Gwinnett County, Gwinnett, Ponce City, Atlanta’s

Annual fee Insider’s Take The Southwest Rapid Rewards® Premier Credit Card is worth considering if you fly Southwest, even occasionally. Southwest Rapid Rewards® Premier Credit Card OverviewThe Southwest Rapid Rewards® Premier Credit Card is the middle child of Chase's three Southwest consumer credit cards. Southwest Rapid Rewards® Plus Credit Card vs. Southwest Rapid Rewards® Premier Credit CardThe Southwest Rapid Rewards® Plus Credit Card is the "baby" card of the Southwest family. Southwest Rapid Rewards® Priority Credit Card vs. Southwest Rapid Rewards® Premier Credit CardThe Southwest Rapid Rewards® Priority Credit Card is Southwest's top-tier consumer credit card, and the option you should consider instead of the Southwest Premier if you frequently fly on this airline. The Southwest Rapid Rewards® Premier Credit Card has an "older sibling" — the Southwest Rapid Rewards® Priority Credit Card.

Persons: HBO Max, you'll, You'll, cardholders, Jasmin Baron, Read, Angela Fung Organizations: Business, Rewards, Card, Rapid, Southwest Premier, Southwest ®, Southwest, Southwest Premier cardholders, Apple, Disney, ESPN, HBO, Hulu, Netflix, Pandora, Paramount, Showtime, Spotify, YouTube, Southwest Premier Southwest, Central America, Rapid Rewards, Chase, Sapphire, Southwest Airlines, cardholders, TSA, Southwest Premier Chase, Finance Locations: Hawaii, Mexico, Caribbean, Central, Southwest airfare, Southwest, U.S, Chevron, Canada

☆ Oil prices rise on concerns of wider Middle East conflict, U.S. storm
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week. Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week. Brent crude futures for November were up 21 cents, or 0.3%, at $74.11 a barrel at 0030 GMT. "The oil market has been concerned that rising tensions in the region were dragging the OPEC oil producer closer to engagement," said ANZ bank said in a note, referring to Iran. U.S. oil producers were evacuating staff from Gulf of Mexico oil production platforms as forecasters predicted the second major hurricane in two weeks could tear through offshore oil producing fields.

Organizations: Brent, Hezbollah, ANZ, U.S, National Hurricane Center Locations: Israel, U.S, Lebanon, Iranian, Hamas, Gaza, Iran, Gulf Coast, Gulf, Mexico, Cuba

☆ Meet the Latin American e-commerce platform that's outperforming Amazon this year
▼ + stars: | 2024-09-24 | by ( Kate Rooney | ) www.cnbc.com time to read: +4 min

One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. "There was no venture capital for Latin America. Last year, venture-backed companies in Latin America raised $3.3 billion across nearly 1,000 deals, according to PitchBook. E-commerce and online payments are steadily growing, and Latin America has a young, mobile-savvy population of more than 600 million people. "When you look at the penetration of e-commerce in Latin America, it's still quite low compared to the U.S., Europe or Asia," Galperin told CNBC.

Persons: Marcos Gaplerin, Brad Gerstner, Gerstner, CNBC's Scott Wapner, Goldman Sachs, It's, Buenos Aires Galperin, Galperin, MercadoLibre, We've, it's Organizations: Nasdaq, Wall Street, Stanford Graduate School of Business, CNBC, Stanford, eBay Locations: Delaware, Brazil, Argentina, Mexico, Chile, South America, Mercado Pago, Buenos Aires, Palo Alto , California, California, America, Silicon Valley, New York, Sand, West, Latin America, U.S, Europe, Asia

☆ Mark Cuban says Trump's call for 200% tariffs on John Deere tractors is 'insane' and a 'good way to destroy a legendary American company'
▼ + stars: | 2024-09-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewBillionaire investor Mark Cuban doesn't think former President Donald Trump's call for 200% tariffs on agriculture equipment company John Deere is a good idea. Cuban was weighing in on the 200% tariff that Trump said he would impose on John Deere. But imposing such a hefty tariff on John Deere, Cuban said, would be counterproductive. But tariff Chinese manufacturers 10 or 20%, so that the Chinese products will be cheaper to sell in the US than the American company," Cuban wrote on X.Advertisement"Good way to destroy a legendary American company and increase costs to American buyers," he continued. AdvertisementCuban and representatives for Trump and John Deere did not immediately respond to requests for comment from Business Insider sent outside regular office hours.

Persons: —, Mark Cuban doesn't, Donald Trump's, John Deere, Cuban, Trump, they've, I'm, Kamala Harris, Harris, CNBC's, I've, Andrew Ross Sorkin, She's, Maria Bartiromo, Bartiromo Organizations: Service, Cuban, Trump, Business, Democratic, Fox News, Business Insider Locations: Smithton , Pennsylvania, Mexico, United States, Dubuque , Iowa, Ramos, American, China

☆ Intel matters to US chipmaking. Its tangled relationship with China makes things complicated.
▼ + stars: | 2024-09-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

As things stand, Intel is the only US chip firm with plants, known as fabs, that are capable of making advanced semiconductors. TSMC is set to open a fab in Arizona next year, while reports suggest Sam Altman is seeking to raise funds to create chip manufacturing plants. Intel's customers in China include Alibaba and TikTok parent company ByteDance, which have been subject to scrutiny from the US government. "Intel's ties to key businesses in China are typical for a high-tech firm," he said. As Intel and the US consider plans to increase manufacturing capacity at home, the company's China ties will loom large in the global chip race.

Persons: —, Joe Biden, Biden, Forrester's, Alvin Nguyen, HWA CHENG, Sam Altman, Pat Gelsinger, Gelsinger, Forrester's Nguyen, it's, Stacy Rasgon, Bernstein, Rasgon Organizations: Service, Intel, Business, Qualcomm, Street Journal, Bloomberg, China Intel, HWA, Getty, Nvidia, AMD, New York Times, The Times, South Korea's SK Hynix, Intel Capital, Financial, Financial Times, Yahoo Locations: chipmaking, Washington, Intel's Arizona, China, AFP, Taiwan, Arizona , New Mexico, Oregon, Arizona, Chengdu, Dalian, South, Beijing

MEXICO CITY (AP) — California avocado growers are fuming this week about a U.S. decision to hand over pest inspections of Mexican orchards to the Mexican government. Because the United States also grows avocados, U.S. inspectors observe orchards and packing houses in Mexico to ensure exported avocados don’t carry pests that could hurt U.S. crops. The letter added, "We are looking for specifics as to why you have concluded that substituting APHIS inspectors with Mexican government inspectors is in our best interest." Only the states of Michoacan and Jalisco are certified to export avocados to the United States. Some packers in Mexico buy avocados from other, non-certified states, and try to pass them off as being from Michoacan.

Persons: Tom Vilsack, “ Organizations: MEXICO CITY, U.S . Department of Agriculture, U.S . Department of Agriculture’s, Plant Health, Service, Mexico's Agriculture Department, U.S, packers, The U.S . Department of Agriculture, Growers, Associated Press Locations: MEXICO, California, Mexico, U.S, United States, Michoacan, Jalisco, The, America, Caribbean

☆ Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: +1 min

Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on Southeast Asia's biggest economy to spur growth. Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence, the company announced on Tuesday. "We're doubling down on bringing more capacity to Mexico," Chairman and CEO Satya Nadella said at an event in Mexico City. Microsoft and communications company Viasat are also working to bring the internet to more than 150,000 Mexicans previously without cellular connectivity by the end of 2025, Microsoft said.

Persons: Satya Nadella, Marcelo Ebrard Organizations: Microsoft, Tech, Viasat Locations: Jakarta, Indonesia, Mexico, Mexico City

CNN —Hurricane John struck Mexico’s southern coast on Monday night as a Category 3 storm after rapidly strengthening in the Pacific, triggering warnings of “life-threatening” floods and mudslides. John has since weakened to a tropical storm and is slowing as it moves northwest of the coastal city of Acapulco in Oaxaca state. Fishermen return to shore ahead of the arrival of Hurricane John in Salina Cruz, Oaxaca State, Mexico, on September 23, 2024. The Salina Cruz Port is seen closed ahead of the arrival of Hurricane John in Salina Cruz, Oaxaca State, Mexico, on September 23, 2024. The government of Mexico has as changed the hurricane warning from east of Acapulco to Lagunas de Chacahua to a tropical storm warning.

Persons: John, National Hurricane Center . John, Hurricane, Rusvel Rasgado, Ana Aldai, ”, Chacahua Organizations: CNN, National Hurricane Center ., National Hurricane Center, Getty, Associated Press, AP Locations: Mexico’s, Marquelia, Guerrero, Acapulco, Oaxaca, ”, Mexico, Salina Cruz, Oaxaca State, AFP, Puerto Escondido, Salina Cruz Port, Lagunas, Chiapas

☆ China's auto stocks rise unfazed by U.S. proposal to ban Chinese car parts
▼ + stars: | 2024-09-24 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Rows of new energy vehicles are parked at Changan Automobile's vehicle distribution center in Chongqing, China, on January 14, 2024. Shares of Chinese automakers climbed Tuesday, shrugging off a U.S. government proposal to ban certain types of vehicles equipped with car parts from China and Russia, amid a broad rally after Beijing announced policy easing. The Joe Biden administration has cited national security risks for its latest measure aimed at curbing Chinese auto industry's influence and reach in the U.S."Cars today have cameras, microphones, GPS tracking, and other technologies connected to the internet. U.S. proposal to ban Chinese auto parts may not have a direct negative impact on the Chinese auto industry as the sales volume of Chinese auto exports to the U.S. markets are "very small" and limited, Wu said. Additionally, Chinese parts companies have already set up factories in South America, which can be exported directly to U.S. markets under the U.S.-Mexico Tariff Agreement, he added.

Persons: shrugging, Li, Nio, Leapmotor, Joe Biden, Gina Raimondo, Ivan Wu, Pan Gongsheng, Wu Organizations: Beijing, Guotai, People's Bank of China Gov, U.S, China Automobile Dealers Association Locations: Chongqing, China, U.S, Russia, Hong Kong, South America, Mexico

☆ Trump floats expanded R&D business tax credits, says he would appoint 'manufacturing ambassador'
▼ + stars: | 2024-09-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally at Johnny Mercer Theatre in Savannah, Georgia, on Sept. 24, 2024. If implemented, this proposal would reverse a major component of Trump's 2017 Tax Cuts and Jobs Act, which phased out traditional R&D tax credits. Starting in 2022, businesses were no longer allowed to write off their R&D expenses the same year they incurred them. The former president also said he would appoint a specialized "manufacturing ambassador" if he wins a second term in the White House. Trump also doubled down on his hardline approach to trade, saying he would impose a "100% or 200% tariff" on cars imported from Mexico.

Persons: Donald Trump, Kamala Harris, Trump Organizations: U.S, Republican, Johnny Mercer Theatre Locations: Savannah , Georgia, America, Mexico

☆ Florida braces for potential heavy-hitting hurricane threatening damaging winds and storm surge
▼ + stars: | 2024-09-24 | by ( Susannah Cullinane | ) edition.cnn.com time to read: +5 min

With little time to prepare, Tampa General Hospital began erecting a 10-foot-high flood barrier around the facility Monday because of the chance for storm surge and shifts in the storm’s track. A tropical storm watch was raised Monday afternoon for Florida’s Dry Tortugas and part of the Keys and Monday evening for Bonita Beach to Flamingo, where a storm surge watch is also in effect. Strong, potentially damaging winds and storm surge are likely near where the system ultimately comes ashore. Hurricane and tropical storm watches are already in effect for parts of Mexico and Cuba. The “storm surge, wind, and rainfall impacts will extend well away from the center, particularly to the east of the system.

Persons: Helene, Ron DeSantis, –, Idalia, Mary Gilbert Organizations: CNN, United States ’, National Hurricane Center, Nine . Florida Gov, Tampa General Hospital, NHC, National Hurricane, Carolinas, Weather, Tennessee Locations: Florida, United, Caribbean, Tampa, Bend, Gulf, Mexico, Bonita Beach, Flamingo, Florida’s Big Bend, Louisiana, Central America, Cuba, Jamaica, United States, Florida , Georgia, Alabama, Georgia, Southern

Search resuls for: "Mexico"

25 mentions found