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Tesla's stock dropped as much as 13% on Wednesday after reporting weak second-quarter earnings. AdvertisementTesla stock tumbled as much as 13% on Wednesday after the company's second-quarter results offered limited reassurance to eager investors. It marked the fourth straight quarter Tesla has fallen short of analyst forecasts. The taxi's unveiling, seen by many on Wall Street as a major AI-driven catalyst for Tesla, was originally scheduled for next month. "Tesla's muddling through the EV recession," Morgan Stanley analyst Adam Jones wrote, citing a quarter-over-quarter drop in capital expenditures.
Persons: Tesla, , Elon Musk, Morgan Stanley, Adam Jones, Nikola, Dan Levy, Tesla's, Cantor Fitzgerald, Andres Sheppard, Gene Munster, Dan Ives, Sheppard Organizations: Service, EV, General Motors, Buick, Barclays, Deepwater Asset Management, Wedbush Securities, Tesla
Caracas CNN —It would be easy to dismiss this Sunday’s presidential election in Venezuela as a fait accompli. The opposition campaign has re-energized its bases, and the candidature of Edmundo González has attracted widespread support in Venezuela and abroad. A chance to rebuild Venezuela’s economic power“On the ballot is how long it’ll take to fix Venezuela’s economy,” said Asdrubal Oliveros, founder of Caracas firm Ecoanalitica, in his weekly podcast on July 8. Once the fifth-largest economy in Latin America, today Venezuela’s economy has shrunk to the equivalent of a medium-sized city, smaller than say, Milwaukee, according to data from the IMF. As Venezuela’s economy has crumbled, around eight million Venezuelans have already fled their country, many of them scattered across South America.
Persons: Nicolas Maduro, , , Laboratorio de Paz, Edmundo González, Asdrubal Oliveros, Andres, Maduro, Edmundo Gonzalez, Maria Corina Machado, Gabriela Oraa, Gonzalez, Consultores, Putin, Xi Jinping, who’s, , Donald Trump Organizations: Caracas CNN —, Laboratorio, IMF, Andres Bello Catholic University, Central University of Venezuela, of American, World Bank, Inter, American Development Bank, Supreme, CNN Locations: Caracas, Venezuela, Ecoanalitica, Latin America, Milwaukee, AFP, United States, Americas, South America, Venezuelan, America, China, Iran, Russia, Miami, Cuba, Maduro, of American States, Mercosur, Algiers, Brussels, Buenos Aires, Spanish, Washington, Brexit, neofascism, Europe, India, Turkey, Philippines
Intrum's shift to a capital-light model is critical, CEO says
  + stars: | 2024-07-18 | 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 EmailIntrum's shift to a capital-light model is critical, CEO saysAndrés Rubio, CEO of Intrum, says the firm is moving towards becoming more of a capital-light investment manager as opposed to a balance sheet proprietary investor.
Persons: Andrés Rubio
A 34-year-old man has been arrested and charged with two counts of murder after human remains were discovered in suitcases left at Clifton Suspension Bridge in Bristol, England, last week, the Metropolitan Police in London said on Monday. The man, Yostin Andres Mosquera, was arrested early on Saturday in Bristol, the police said. The charges come after a grisly discovery early Thursday, when the police in Avon and Somerset responded to calls of a man with a suitcase acting strangely near the Clifton Suspension Bridge, a stone structure crossing the River Avon in a leafy area near Bristol. By the time the police arrived, the man had disappeared, but the suitcase remained. They each contained human remains, the police said.
Persons: Yostin Andres Mosquera Organizations: Metropolitan Police Locations: Clifton, Bristol, England, London, Avon, Somerset
CNN —Sunday was a glorious day in the history of Spanish sport. Several of the Spanish national team’s legends were also in attendance to celebrate the country’s record-breaking fourth European Championship. “A happy night after what was also a happy afternoon, with Carlos Alcaraz beating Djokovic with enormous superiority in the Wimbledon final. Carlos Alcaraz is a world-class tennis star. The attitude of the group has been crucial to Spain winning its fourth European Championship and Carlos Alcaraz overflows with talent with a key team to create the most suitable environment for a very young champion.
Persons: Carlos Alcaraz, Novak, Spain’s King Felipe VI, Infanta Sofía, Andrés Iniesta, David Villa, Iniesta, Villa, Carlos Alcaraz’s, , Alvaro Morata, Alcaraz, Alfredo Relaño, , Santi Nolla, Djokovic Organizations: CNN, Wimbledon, Court, team deservedly, England, Spanish, La Roja, Carlos Alcaraz’s Wimbledon, Sport, Diario AS ’, Diario, Djokovic, Eurocup, , Mundo Deportivo ’, European Locations: Berlin, Spain, Madrid, Europe, Serbian
London CNN —A man has been charged with two counts of murder following the discovery of human remains at a famous bridge in southwest England. Yostin Andres Mosquera, a 34-year-old Colombian national, was arrested in Bristol early Saturday and charged on Monday, London’s Metropolitan Police said in a statement. The remains were found in suitcases at Clifton Suspension Bridge in Bristol last week, as well as at Mosquera’s address in Shepherd’s Bush, a neighborhood in west London. Forensic officers in Shepherd's Bush on Saturday. “I know that this awful incident will cause concern not just among residents in Shepherd’s Bush but in the wider LGBTQ+ community across London,” he said.
Persons: Yostin Andres Mosquera, Albert Alfonso, Paul Longworth, Mosquera, Longworth, Alfonso, Shepherd's Bush, Jonathan Brady, Andy Valentine, Albert, Paul’s, , , ” Valentine Organizations: London CNN, Colombian, London’s Metropolitan Police, Metropolitan Police, Police Locations: England, Bristol, Clifton, Shepherd’s Bush, London, France, United Kingdom, Shepherd's
Follow live updates from the 2024 MLB Draft. By Melissa Lockard, Keith Law and Zack MeiselAfter months of speculation, the Cleveland Guardians selected Oregon State slugger Travis Bazzana with the No. 1 pick in the 2024 MLB Draft. The Guardians entered the 2024 MLB Draft Lottery with the ninth-best chance of winning the No. The MLB Draft began Sunday at 7 p.m.
Persons: Melissa Lockard, Keith Law, Zack Meisel, Travis Bazzana, Bazzana, Keith Law’s, Charlie Condon, Chase Burns, , Terry Francona, Stephen Vogt, — Keith Law, Andrés Giménez, Steven Kwan, — Zack Meisel, Jordan Prather Organizations: Cleveland Guardians, Oregon State, Cleveland baseball, Colorado Rockies, Cincinnati Reds, Wake, Oregon State Baseball, Australian Baseball League, West Coast League, Beavers, Cleveland, American League Central, The Guardians, Guardians, MLB, Oakland, American League Locations: Georgia, Cleveland, Australia, USA
CNN —When two US avocado inspectors were assaulted and detained at a police roadblock in the Mexican state of Michoacán last month, it sparked a costly international crisis. ‘Green gold’Avocados, the creamy fruit with the industry nickname “green gold,” are big business. Nearly three-quarters of Mexican avocados come from Michoacán, a state along the country’s Pacific coast with a volcanic belt running through it that makes its soil ideal for farming. The office of the Michoacán state prosecutor told CNN last month that they’ve opened an investigation into the incident. In 2022, exports of Mexican avocados were similarly halted for several days after one of the US inspectors working in Michoacán received a threatening phone call.
Persons: Weeks, , Ario de, Cristopher Rogel, ” Romain Le Cour, Alfredo Ramírez Bedolla, Mexico Ken Salazar, they’ve, , Le Cour, Michoacán, Andres Manuel Lopez Obrador, Victor Villalobos, Ken Melban, Brian, Melban, Brad Adams, ” Adams Organizations: CNN, US, US Department of Agriculture, Global, Transnational, Local, USDA, Plant Health, Service, Agriculture, , US State Department, AP, Climate Rights, US Forest Service Locations: Mexican, Michoacán, Mexico, Ario, Ario de Rosales, avocados, California, Michoacan
CNN —British police have found human remains in a west London apartment which they believe are connected to body parts found earlier this week in another city, officers said Friday. Authorities are now on the hunt for a Colombian man thought to be linked to the case. Officers said their priority is to find Yostin Andres Mosquera, a 24-year-old Colombian national, naming him for the first time. They released a photo of Mosquera clad in a black Adidas baseball cap, black jeans, a black jacket, black trainers with thick white soles, with a black backpack. Kyle Clifford, 26, was found by officers in Enfield, north London, on Wednesday following an extensive manhunt, and arrested on Thursday in connection with the killing.
Persons: Yostin Andres Mosquera, Mosquera, , Andy Valentine, Vicks Hayward, Carol Hunt, John Hunt, Hannah Hunt, Louise Hunt, Kyle Clifford Organizations: CNN, British, Authorities, The Metropolitan Police, Colombian, Adidas, Police, Somerset Police, Metropolitan Police, Metropolitan Police Authorities, ” Police, coastguard, Avon and Somerset Police Locations: London, Colombian, Clifton, Bristol, Avon, Britain, Enfield
Incumbents pay the price in year of global elections
  + stars: | 2024-07-09 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +13 min
And elections in Taiwan and South Korea proved the dynamism of the idea that free elections can promote stable governance. The two round French election system once again kept the far-right out of power on Sunday but Macron’s gamble didn’t exactly pay off. An era of political turmoil now looms with a hung parliament, a likely shaky coalition and instability ahead of the next presidential election in 2027. Kevin Coombs/ReutersIndonesiaPrabowo Subianto, a former army general, won the presidential election in the world’s fourth most populous nation, which is home to its largest Muslim population. IranIran wasn’t supposed to have a presidential election this year.
Persons: El, they’ve, Donald Trump’s, Joe Biden, Trump —, Ursula von der Leyen, Emmanuel Macron, Le, Macron, Keir Starmer, Kevin Coombs, Suharto, Narendra Modi, Adnan Abidi, Imran Khan, Nawaz, Asif Ali Zardari, Benazir Bhutto, Sheikh Hasina, Vladimir Putin, Alexey Navalny, Putin, El Salvador, Nayib Bukele, , Bukele, Claudia Sheinbaum Pardo, ObturadorMX, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, Lai Ching, Yoon Suk Yeol, André Ventura, Peter Pellegrini, Robert Fico, Fico, Nelson Mandela —, , Macky Sall, Sall, Bassirou Diomaye Faye, Ebrahim Raisi, Ayatollah Ali Khamenei, Masoud Pezeshkian, ultraconservative Saeed Jalili, Pezeshkian Organizations: CNN, European Union, United States –, France, European People’s Party, Popular Front, Britain Voters, Conservative, Labour Party, Reuters, Reuters Indonesia Prabowo, Bharatiya Janata Party, BJP, Pakistan Muslim League, Pakistan People’s Party, Bangladeshi, Kremlin, El, El Salvador Strongman, El Salvador —, Getty, Democratic Progressive Party, Portugal Incumbents, Democratic Alliance coalition, Putin, Russian, South Africa Voters, National Congress, ANC, Democratic Alliance Locations: France, Britain, Iran, El Salvador, Slovakia, Russia, Indonesia, Mexico, South Africa, United States, India, Senegal, Taiwan, South Korea, Germany, London, Reuters Indonesia, Subianto, New Delhi, Reuters Pakistan, Pakistan, , Bangladesh, South Asia, America, China, Beijing, Portugal, Ukraine, Europe, Senegal Senegal, Africa, Sall, Iran Iran, Islamic Republic
CNN —It was an attack that sent shockwaves through a country long considered a pioneer in LGBTQ rights. Local LGBTQ rights advocates condemned the attack as a hate crime and lesbicide, saying the women were targeted because of their sexual identity. After taking office in December, Milei took steps that critics say weakened protections for LGBTQ groups. The recent attacks have galvanized activists to fight for new policies and actions that would further protect LGBTQ rights. He also said that to reduce attacks on LGBTQ communities, their voices and demands should be amplified in more societal sectors.
Persons: Pamela Fabiana Cobas, Mercedes Roxana Figueroa, Andrea Amarante, Sofía Castro Riglo, Pamela, Roxana, Andrea, Sofía, Gabriela Conder, , ” Conder, aren’t, Javier Milei, , Maria Rachid, , ” Rachid, Juan Mabromata, Milei, Diana Mondino, Don’t, Martin Cossarini, ” Esteban Paulón, ” “, Jesi Hernández, Barracas, Rachid, ” Hernández, Sofia, Conder, Manuel Adorni, ” Adorni, Adorni, lesbicide, Paulón, Hernández Organizations: CNN, Local, Police, Argentine LGBT Federation, Getty, I’m, Ministry of Women, Ministry of Human, Justice, Pride, Reuters, ” CNN, National Observatory, Progressives, University of San Locations: Argentina, Barracas, Buenos Aires, Conder, AFP, , Sofia’s, Argentina Argentina, America, University of San Andrés
CNN —At least 19 bodies were discovered on Monday in an abandoned truck in the southern Mexican state of Chiapas, near the border with Guatemala, according to the state’s attorney general. Five of the bodies had gunshot wounds and all were wearing dark clothing and tactical vests containing ammunition, authorities said. Mexican President Andres Manuel Lopez Obrador attributed the deaths to cartel violence and said some of the victims were migrants from Guatemala. Well, drug trafficking and the trafficking of migrants, meaning human trafficking, it’s a route,” Lopez Obrador said Tuesday during his daily press conference. Violence has been on the rise in Chiapas as cartels fight for control of lucrative routes for smuggling migrants and drugs.
Persons: Andres Manuel Lopez Obrador, ” Lopez Obrador, Organizations: CNN, Sinaloa Cartel, Jalisco New Locations: Mexican, Chiapas, Guatemala, Sinaloa, Jalisco
Messi was off to the side of the pitch for a few minutes in the first half. Argentina pressed on with one or two offensive plays without him, as Argentina’s trainer worked on Messi’s upper right leg area. Chile did not record a shot in the first half (their first came in the 72nd minute) as Argentina dominated possession. But victory came for Argentina after two quick corner attempts – the first with Messi yet again attempting the elusive Olimpico. Argentina’s final game is against Peru (Hard Rock Stadium, Miami, FL) and Canada face Chile (Inter & Co Stadium, Orlando, FL).
Persons: Lautaro Martinez, Lionel Messi, Felipe Cardenas, Melanie Anzidei, , Messi, Tata Martino, Tim Nwachukwu, Andres Matonte, “ dos, Ricardo Gareca Organizations: America, MetLife, Messi, Inter Miami, Copa America, Uruguayan, ARGENTINA Locations: Argentina, Chile, Chilean, U.S, Argentina’s
Here’s the latest:• Heat wave shifts to mid-Atlantic: As heat alerts persist for over 100 million people over the weekend, the extreme heat risk will spread from the Ohio Valley on Saturday to the Mid-Atlantic on Sunday. Highs across the Ohio Valley and Mid-Atlantic have been 10 to 15 degrees above average. “An intense heat wave will continue across the Mid-Atlantic, where record high temperatures are likely,” the National Weather Service said Saturday. • Flooding prompts evacuations in Iowa: In Rock Valley, Iowa, all homes north of Highway 18 were evacuated amid high floodwaters Saturday. On Sunday, storms are possible across New England and southwestward though the Mid-Atlantic, Ohio Valley and Tennessee Valley, according to the weather service.
Persons: It’s, , , Daniel Heitritter, Kim Reynolds, Regan Smith, Smith, Sioux Falls Mayor Paul TenHaken, TenHaken, Tim Walz, ” Walz, Andres Leighton Organizations: CNN, National Weather Service, Baltimore, Iowa Gov, , Emergency, Sioux Falls Mayor, Saturday, Gov, Minnesota National Guard, FBI, Swiss Chalet, South, Storm Prediction Locations: New Mexico , Iowa, Minnesota, South Dakota, Ohio, California , Arizona, Utah, Baltimore, Washington, DC, Iowa, Rock Valley , Iowa, Spencer Saturday, • Iowa, Rock, Wisconsin, Sioux Falls , South Dakota, City, Sioux Falls, Sioux, Mexico, New Mexico, Ruidoso , New Mexico, New, New England, Mississippi Valley, Lakes, Mississippi, Atlantic, Ohio Valley, Tennessee, England, New Hampshire, Vermont
In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Explosive power demand poses a challenge to the Biden administration's goal of converting the U.S. power grid to 100% clean electricity by 2035. Nextracker is a leading U.S. solar firm, building systems that allow panels to track to the position of the sun, improving the efficiency of solar power plants. Shugar pointed to the massive number of renewable projects in the U.S. seeking connection to the power grid. But as energy demand increases, the value of each additional hour should rise, eventually making longer duration batteries more cost effective, he said.
Persons: Brandon Bell, Andrés Gluski, Joseph Rand, We've, Kelley, Wells, Goldman Sachs, Biden, Ryan Sweezey, Wood Mackenzie, Richard Kinder, Kinder Morgan, Kinder, Amin Nasser, Nasser, Shugar, Lawrence, Lazard, Nextracker's Shugar, Lawrence Berkeley, Amol Phadke, Rand, Sweezey, Reid Ramdathsingh, Ramdathsingh, Fluence, John Zahurancik, Zahurancik, it's, Zahuranick Organizations: Getty, Renewables, Energy Information Administration, Department of Energy, Big Tech, Microsoft, AES Corporation, Google, AES, Meta, UBS, Solar, Lawrence Berkeley National Laboratory, U.S, Tech, North America, DOE, CNBC, University of California Berkeley's Goldman School of Public, Goldman School, Lawrence, Rystad Energy, Siemens Locations: Ector County , Texas, Texas, California, United States, U.S, Wells Fargo, Saudi, Houston, Lawrence Berkeley, Fluence's Americas
CNN —The 2024 Tony Awards are underway at the David H. Koch Theater at Lincoln Center for the Performing Arts in New York City. Heading into the ceremony, Alicia Keys’ ambitious musical “Hell’s Kitchen” and “Stereophonic,” a play set in the ’70s about fictional band, led with 13 nominations each. Cast members from productions including “Cabaret at the Kit Kat Club,” “The Who’s Tommy,” “Water for Elephants” and the Hillary Clinton-produced “Suffs,” among others, are slated to perform. The Tony Awards are airing on CBS at 8 p.m. EDT/5 p.m. PDT and will stream on Paramount+ in the US. Here is a look at the full list of nominees, with winners indicated in bold, including those that were announced prior to the telecast.
Persons: Tony, David H, Oscar, Ariana DeBose, Billy Porter, Isabelle Stevenson Tony, Alicia Keys, , Kat, Tommy, Hillary Clinton, “ Mary Jane ”, , Tommy ”, William Jackson Harper, “ Uncle Vanya ” Leslie Odom, Jr, Liev Schreiber, Jeremy Strong, Michael Stuhlbarg, Betsy Aidem, Republic ” Jessica Lange, ” Rachel McAdams, “ Mary Jane ” Sarah Paulson, Amy Ryan, Brody Grant, Jonathan Groff, Dorian Harewood, Brian d’Arcy James, Eddie Redmayne, Eden Espinosa, Maleah Joi Moon, Kelli O’Hara, ” Maryann Plunkett, ” Gayle Rankin, Will Brill, Eli Gelb, Jim Parsons, Tom Pecinka, Corey Stoll, Quincy Tyler Bernstine, Juliana Canfield, Celia Keenan, Bolger, Sarah Pidgeon, Kara Young, Roger Bart, Joshua Boone, Brandon Victor Dixon, Lynch, Daniel Radcliffe, Steven Skybell, Bean, Amber Iman, “ Lempicka, Nikki M, James, “ Suffs ” Leslie Rodriguez Kritzer, “ Monty Python’s, Kecia Lewis, ” Lindsay Mendez, Bebe Neuwirth, ” Kristoffer Diaz, ” Adam Rapp, Justin Levine “ Suffs, ” Shaina Taub, ” Rick Elice, Adam Guettel, David Byrne, Fatboy Slim, David Byrne “, Jonathan Clay, Zach Chance, Justin Levine, Will Butler “ Suffs, Shaina Taub, Derek McLane, ” David Zinn, Tatiana Kahvegian, Robert Brill, Peter Nigrini, Takeshi Kata, David Korins, Riccardo Hernández, Lempicka, Tim Hatley, Finn Ross, Tom Scutt, Dede Ayite, Enver Chakartash, Emilio Sosa, Linda Cho, David Israel Reynoso, Paul Tazewell, “ Suffs, Isabella Byrd, Amith, Republic ” Jiyoun Chang, Jane Cox, Natasha Katz, Brandon Stirling Baker, “ Illinoise, ” Natasha Katz, ” Bradley King, David Bengali, Brian MacDevitt, Hana S, Kim, Justin Ellington, Stefania Bulbarella, Leah Gelpe, “ Mary Jane ” Tom Gibbons, ” Bray, Will Pickens, Ryan Rumery, Cody Spencer, Kai Harada, Nick Lidster, Gareth Owen, Daniel Aukin, Anne Kauffman, “ Mary Jane ” Kenny Leon, Lila Neugebauer, Whitney White, Maria Friedman, Michael Greif, ” Leigh Silverman, Jessica Stone, Annie, Parson, Camille A . Brown, Rick Kuperman, Jeff Kuperman, Justin Peck, Jesse Robb, Shana Carroll, Timo Andres, ” Will Butler, Justin Craig, Matt Hinkley, Tom Kitt, Adam Blackstone, Jonathan Tunick Organizations: CNN, Koch, Lincoln Center, Performing Arts, CBS, Paramount, “ Patriots, Lakota, Jamestown, ” Bray Poor Locations: New York City, Hinton, Republic,
The building was being used by a rival political party, she believes. A few miles east along the border, CNN met several more Mexican families who had been sheltering for days in a tent erected by a local humanitarian group. Intimidation was particularly pervasive in local-level elections, experts told CNN, where races could hand the winners broad control over small communities’ police and fiscal resources. Immigrant rights advocates warn closing the border to asylum seekers endangers vulnerable people and ultimately makes the border less safe. They were treated with respect by the US agents, she told CNN, who swabbed them for DNA – likely to ensure that the children were really hers.
Persons: Norma, Norma doesn’t, Strange, Joe Biden, , Norma Galeana, Carin Zissis, Zissis, “ We’re, Yolanda Sánchez Figueroa, Salvador Guerrero, Andres Manuel Lopez, Lopez, Morena, ” Zissis, Claudia Sheinbaum, Lopez Obrador, Norma’s, , Joe Biden’s, It’s, CNN’s Priscilla Alvarez, Tara John, David Shortell Organizations: Arizona CNN, CNN, Border Patrol, Homeland Security, Americas Society, Legal Clinic, National Guard, AS, Border Locations: Sasabe, Arizona, Mexico City, , Mexico, United States, Cotija, Michoacán, North America, Hermosillo
Tesla appears to be ramping up hiring again
  + stars: | 2024-06-11 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Read previewTesla appears to be ramping up hiring again, nearly two months after Elon Musk kicked off mass layoffs. Tesla then posted over a dozen jobs in the company's autopilot division in late May. Now, however, Tesla appears to have expanded its hiring to cover a variety of roles, with over 60 positions in the US and Canada advertised on the company's website. Advertisement"It sounds like an existing Tesla team from a different department has been inserted to manage the charging division," said Pinter, who added that it was unclear if this move was temporary or permanent. Tesla also lists positions for its internship programs, with roles in vehicle servicing and mechanical design, for example, advertised for the summer and fall of 2024.
Persons: , Tesla, Elon Musk, Electrek, Musk, Andres Pinter, Pinter Organizations: Service, Elon, North America, Business, Bloomberg, Solutions Locations: Canada, Corpus Christi , Texas
Rodrigo Garrido | ReutersThe euphoria over nuclear energy as a power source for data centers is "overblown," the CEO of a major power provider for large tech companies told CNBC in an interview Monday. Nuclear power, on the other hand, faces challenges in meeting the growing power demand from data centers, Gluski said. Gluski said the "euphoria" over nuclear power is a "little overblown." There is only so much existing nuclear energy that merchant power providers can re-contract to sites such as data centers, the CEO said. "The Street got ahead of it saying you're not going to build renewables, it's all going be nuclear," Gluski said.
Persons: AES Corporation Andres Gluski, Rodrigo Garrido, Andrés Gluski, Gluski, Georgia Power Organizations: AES Corporation Andres, Reuters, CNBC, AES Corporation, AES, Amazon, Microsoft, Google, Nuclear, Energy Information Administration, Georgia, Department of Energy, Renewables, Brookfield Asset Management, Brookfield Locations: Santiago , Chile, U.S, Georgia
Emerging markets investors have had a bumpy week after surprising election results seem to have caught at least some traders off guard. Between now and Nov. 5 are almost all negative potential risks in Mexico," Joshi added. Elsewhere in the world There are other lingering political issues that could affect emerging market investing. And for investors in broad emerging markets funds, even positive developments in some of these countries can be overshadowed by what happens in China. "It's a very large weight so it's going to drive the emerging market index quite a bit.
Persons: Narendra Modi, Modi, Aastha Gudwani, Angus Shillington, Shillington, Adam Turnquist, We've, Turnquist, Claudia Sheinbaum, Andres Manual Lopez, Morgan Stanley's Nikolaj Lippmann, Arif Joshi, Joshi, Sheinbaum, Lopez, Claudia, Polina Kurdyavko, Javier Milei, Alejandra Grindal, Ned Davis, Grindal, — CNBC's Michael Bloom Organizations: Indian, Bank of America India, CNBC, LPL, Lazard Asset, RBC Global Asset Management, Ned, Ned Davis Research, Federal Reserve Locations: India, Mexico, South Asia, VanEck, U.S, Morena, South Africa, Argentina, China
In Global Elections, Strongmen Are Taken Down a Notch
  + stars: | 2024-06-06 | by ( Mark Landler | ) www.nytimes.com   time to read: +1 min
In India, a powerful leader wins another term but sees his party’s majority vanish. In South Africa, the governing party is humbled by voters for the first time since the end of apartheid. In Britain, a populist insurgent barges into an election that is shaping up to be a crushing defeat for the long-ruling Conservatives. If there is a common thread halfway through this global year of elections, it is a desire by voters to send a strong signal to the powers that be — if not quite a wholesale housecleaning, then a defiant shake-up of the status quo. For years, populist and strongmen leaders have chipped away at democratic institutions, sowing doubts about the legitimacy of elections, while social media has swamped voters with disinformation and conspiracy theories.
Persons: Claudia Sheinbaum, Andrés Manuel López Obrador Locations: India, South Africa, Britain, Mexico
CNN —The woman mayor of a town in western Mexico was shot dead Monday, authorities said, just hours after the country elected its first female president in a race marred by deadly attacks on candidates. Yolanda Sánchez Figueroa, mayor of Cotija in Michoacán state, was walking from a gym back to her house with her bodyguard when they were shot by people in a white van, the state attorney general said in a statement. Both Sánchez Figueroa and her bodyguard later died in hospital, it said, adding that an investigation has been launched. According to the think tank Mexico Evalua, around 95% of all crimes nationwide went unsolved in the country in 2022. Sánchez Figueroa had previously been kidnapped in September 2023 in the city of Zapopan, and was released three days later.
Persons: Yolanda Sánchez Figueroa, Sánchez Figueroa, Sánchez, Claudia Sheinbaum, Claudia Sheinbaum's, Pedro Pardo, Andrés Manuel López Obrador, Morena, Organizations: CNN, Getty, state’s Ministry of Public Security Locations: Mexico, Cotija, Michoacán, AFP, Zapopan
CNN —With an election looming, President Biden’s new executive action on the border aims to send a loud and clear message about his approach to immigration. The president’s proclamation, announced Tuesday, still allows for the normal flow of commerce and legal immigration across the border. But it bars migrants who cross the border illegally from seeking asylum once a daily threshold is met. Border authorities encountered around 3,500 migrants crossing the border unlawfully on Monday, according to a Homeland Security official, above the threshold needed for the executive action to take effect. And immigrant rights advocates warn that closing the border to asylum seekers will endanger vulnerable people and ultimately make the border less safe.
Persons: Biden’s, Biden, that’s, It’s, Joe Biden, Al Drago, we’ve, Andres Manuel Lopez Obrador, haven’t, , Claudia Sheinbaum’s, she’s, she’ll, Lopez Obrador, they’d, Trump, CNN’s Rosa Flores, Priscilla Alvarez, Donald Judd, Ana Melgar, Karol Suarez Organizations: CNN, Homeland Security, Border, Congress, Bloomberg, Getty, Biden, Civil Liberties Union, ACLU Locations: Mexico, America, Caribbean
Mike Blake | ReutersSince 2019, immigration has added 2 million workers to the U.S. labor supply, according to an April analysis by Tedeschi. Without immigrants, Tedeschi estimated that the size of the U.S. labor supply would have shrunk by 1.2 million during that period. The short answer is that this executive order will probably not increase inflation. Some experts say the executive order could bring down costs by smoothing out the U.S.-Mexico supply chain. Biden's executive order could help clear some of these supply chain bottlenecks.
Persons: Joe Biden, Leah Millis, Joe Biden's, Biden, Andrés Manuel López Obrador, Jose Luis Gonzalez, Ernie Tedeschi, Tedeschi, Trucks, Daniel Becerril, Donald Trump, I'd, Mike Blake, Tara Watson, Guillermo Arias, Jerry Pacheco, It's, Pacheco, Watson, Trump, Saul Loeb Organizations: White, . Border Patrol, Department of Homeland Security, NBC, Texas National Guard, Reuters, United, Yale University's, White House Council, Economic Advisers, Customs, Brookings, Immigrants, AFP, Getty Images Shipping, Border Industrial Association, Getty Locations: U.S, Mexico, Washington , U.S, United States, Texas, Ciudad Juarez, Nuevo Laredo, Biden's, San Diego , California, Mesa Port, Tijuana , Mexico, New Mexico, Calexico , California
WASHINGTON — President Joe Biden is expected to sign an executive action Tuesday that would temporarily shut down the southern border when daily migrant crossings between legal ports of entry exceed 2,500, with the border reopening when the number falls below 1,500, according to three people familiar with the discussions. Details of the executive order were reported exclusively by NBC News on May 23. On Sunday, Claudia Sheinbaum, whose candidacy was supported by López Obrador, won election to succeed him as president. A shutdown would not block trade, travel or entry by immigrants presenting themselves lawfully for asylum at ports of entry. But it would block migrants from applying for asylum if they crossed the border between ports of entry during the shutdown.
Persons: Joe Biden, Tuesday's, Andrés Manuel López Obrador, Claudia Sheinbaum, López Obrador Organizations: Texas National Guard, WASHINGTON, of Homeland Security, NBC News, U.S . Locations: Mexico, Rio Grande, El Paso , Texas, U.S
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