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☆ Federal judge temporarily halts Idaho’s plan to try a second time to execute a man on death row
▼ + stars: | 2024-11-07 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

BOISE, Idaho — A federal judge has temporarily halted the planned execution of an Idaho man on death row whose first lethal injection attempt was botched earlier this year. Thomas Eugene Creech was scheduled to be executed by lethal injection Nov. 13 — roughly nine months after the state first tried and failed to execute him. Execution team members tried eight locations in Creech’s arms and legs on Feb. 28 but could not find a viable vein to deliver the lethal drug. Creech’s defense team also has other legal cases underway seeking to stop him from being put to death. He has been in prison for half a century, convicted of five murders in three states and suspected of several more.

Persons: Thomas Eugene Creech, District Judge G, Murray Snow, Thomas Eugene Creech ., “, Creech, Sanda Kuzeta, Cerimagic, David Dale Jensen Organizations: U.S, District Judge, The, The Idaho Department of Correction, Idaho Maximum Security, Idaho Department of Correction Locations: BOISE, Idaho, Thomas Eugene Creech . Idaho, The Idaho

☆ Here is the most important thing investors can do ahead of the presidential election outcome
▼ + stars: | 2024-11-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

With Election Day upon us, many investors are wondering how to, or if they even should, position their stock portfolios ahead of knowing who the next president will be. Indecision will hurt the stock market, not destroy it, but bruise it because the only thing markets really hate is uncertainty." Jim also wrote Sunday that the stock market will more than likely be just fine no matter who wins the presidency. Bottom line A quick and decisive presidential election outcome — one way or the other — is what's best for the stock market. Combination with Former President and Republican Presidential Candidate Donald Trump (L), and Vice President and Democratic Presidential Candidate Kamala Harris.

Persons: Donald Trump, Kamala Harris, That's, Joe Biden, Jim Cramer, Jim, we've, Barack Obama, Biden, George W, Bush, Richard Nixon, Jim Cramer's Organizations: NBC News, Democratic, Republican, Trump, JPMorgan, Dow, Nasdaq, Federal Reserve, Jim Cramer's Charitable, CNBC

☆ Tesla, Alphabet or GM? A breakdown of the autonomous driving battle and how to trade it
▼ + stars: | 2024-11-04 | by ( Michael Khouw | ) www.cnbc.com time to read: +12 min

Autonomous driving is at a pivotal juncture, with several companies vying for leadership in a sector that promises to revolutionize transportation. While Tesla (TSLA) has dominated the autonomous vehicle headlines with its Full Self-Driving (FSD) system, it may not be the best autonomous driving investment. Waymo: A leader in the autonomous race Waymo, a subsidiary of Alphabet , has long been a frontrunner in the autonomous driving sector. Tesla's FSD software relies primarily on optical cameras, supported by advanced AI algorithms to interpret the road environment. The value autonomous driving adds to stock Currently, Alphabet, GM, and Tesla are not generating meaningful revenue from autonomous driving or robotics technology.

Persons: GM's, Google's Waymo, Waymo, Tesla's, Cruise, Mary Barra, Elon Musk, Tesla, AVs, GM's supercruise, TSLA, Price, Mary Barra's Organizations: General Motors, PACE, Hyundai, Federal Motor Vehicle Safety, Cruise, Cruise's, National, Traffic Safety Administration, Ford, Elon, GM's, Tesla, GM, CNBC, NBC UNIVERSAL Locations: Phoenix, Los Angeles, AVs

☆ Katie Stockton says this toy stock is poised to outperform rival in the months ahead
▼ + stars: | 2024-11-04 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Katie Stockton Organizations: Mattel, Hasbro, DeMark, MAT, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ 3 reasons why Warren Buffett is shunning stocks — including his own
▼ + stars: | 2024-11-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Warren Buffett isn't hot on stocks right now, and the 94-year-old CEO's latest moves reflect that. The cash hoard has grown as Berkshire pared down stakes in key holdings such as Apple and Bank of America . It's also raked in more than $10 billion from steadily selling Bank of America shares since the summer. Berkshire Class A stock trades at 22.6 time earnings. Lastly, Colas noted that Buffett may have "have identified one or more large acquisitions and is raising capital for those purchases."

Persons: Warren Buffett, Berkshire Hathaway, Goldman Sachs, It's, Buffett, didn't, Nicholas Colas, Colas, Greg Abel, hasn't, Morgan Stanley Organizations: Berkshire, Nike, Disney, Apple, Bank of America, of America, DataTrek, Oracle, Berkshire Class Locations: Berkshire, Omaha

☆ How the Houston teacher certification scheme worked
▼ + stars: | 2024-11-03 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +12 min

CNN —Robert “Boo Lee” Williams was still seething days after a popular basketball coach and two assistant principals at Houston’s first two historically Black high schools were arrested in an alleged teacher certification scheme. “In fact, when he was caught red-handed in February of 2024 he was logged into one test,” Levine said. A pattern of long drives helps unravel schemeHarris County District Attorney Kim Ogg, left, and felony chief prosecutor Mike Levine announce arrests in teacher certification scheme. They then drove sometimes four or more hours to the Houston area and suddenly they were passing the test,” Levine said. “This ain’t just a Black school in Houston.

Persons: Robert “ Boo Lee ” Williams, ”, Williams, Jack Yates, … I’m, Kim Ogg, “, Vincent Grayson, Booker T, Nicholas Newton, LaShonda Roberts, Yates, Ogg, ” Ogg, Tywana Gilford Mason, Gilford Mason, Grayson, Black, Cheryl Irvin, Irwin, It’s, Mike Levine, ” Levine, Levine, Newton, Feroz Merchant, Roberts ’, Brandon Leonard, we’ve, Roberts, Kirk Sides, Texas Education Agency “, Alexandra Elizondo, ” Elizondo, Houston Jon Shapley, Pearson VUE, ” Pearson, Allison Bazin, “ They’re, Jackie Anderson, KHOU, ” Williams, Roland Martin, Phylicia Rashad, Debbie Allen, Vincent Grayson’s Organizations: CNN, Jack Yates Senior High School, Houston Independent School District, Washington High, Prosecutors, Wilhite, HISD, Booker, Washington, Tuskegee Institute, KHOU, Houston Chronicle, Texas Education Agency, Investigators, Washington High School, State, “, Houston Federation of Teachers, Yates, ” Locations: Ward, Texas, …, ” Harris County, Harris County, Harris, Houston, ”, Dallas

CNN —In the closely watched battleground state of Michigan, election officials are under the microscope, with isolated mistakes or missteps serving as fodder for election deniers to lay the groundwork for widespread doubt of election results. Some of the confusion appears to have originated from a post on X by Matthew DePerno, one of the more high-profile election deniers in Michigan. DePerno has pleaded not guilty in the voting machines case. When it does happen, we take it extremely seriously,” Michigan Secretary of State Jocelyn Benson and Washtenaw County Prosecutor Eli Savit said in a statement. Despite the recent challenges, election officials in Michigan say they are confident that they are prepared to withstand efforts to undermine confidence in the results.

Persons: Lawrence Kestenbaum, “, Matthew DePerno, DePerno, Donald Trump, Lara Trump, Jocelyn Benson, ”, Ben Decker, Eli Savit, can’t, Kestenbaum, David Becker, Benson, Elon Musk, Dominion “, Joe Biden’s, ” he’s, ” Kestenbaum, Kylie Atwood Organizations: CNN, GOP, Republican National Committee, Democrat, Trump, Pundit, University of Michigan, Authorities, Department, Election Innovation, Research, Investigations, Michigan, Tech, Benson, The Michigan Department of State, of, “ Dominion, Dominion Locations: Michigan, Washtenaw County, Ann Arbor, of Michigan, Barry County , Michigan

☆ Dozens of Goldman Sachs executives are about to get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: being named a partner at the prestigious Wall Street bank. "Making partner at Goldman Sachs is a rigorous and competitive process," Tony Fratto, Goldman's head of communications, said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, CNBC, Dartmouth College, Citigroup, Bank of America, Partners, Goldman, Financial, Reading, Investment, BI Locations: New York, London

☆ Ukrainian troops fighting on Russian soil have an advantage they've never had in this war
▼ + stars: | 2024-10-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Ukrainian troops in Russia have an advantage that they haven't had before in this war. Being on foreign soil means less pressure to defend and more strategic options, war experts say. AdvertisementUkrainian troops fighting on Russian soil have a kind of flexibility in combat that they haven't had before in this war. Ukrainian forces surged into the southwestern Russian region of Kursk in August, and at the peak of the incursion, they held about 500 square miles. AdvertisementAlberque said that in Kursk, Ukraine could ask itself: "Where can we actually defend?

Persons: it's, —, Ukraine's, Michael Bohnert, KIRILL CHUBOTIN, Libkos, Bohnert, William Alberque, Matthew Savill, Alberque, Ed Ram, they're, haven't, Alexander Ermochenko Organizations: Service, RAND Corporation, Publishing, Getty, Stimson, Royal United Services Institute, UK Ministry of Defence, Washington, REUTERS Locations: Russia, Ukraine, Ukrainian, Russian, Kursk, Sudzha, Bakhmut, Crimea, Donbas, Avdiivka, Alexander Ermochenko Ukraine

☆ As Diwali begins, these 4 Indian stocks are set to rise over 30%, analysts say
▼ + stars: | 2024-10-31 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

The new year is commencing with most sectors — and stocks — being overvalued, according to Kotak's analysts. Here are four buy-rated Indian stocks with over 30% potential upside that analysts are betting on this Diwali. Kotak has a 12-month target price of 2,140 Indian rupees ($25.45) on the stock, implying around 40.8% potential upside. Other factors in its favor include regulatory tailwinds promoting recycling and the formalization of reverse charge mechanism on metal scrap, Kotak's analysts wrote in a Sept. 30 note. "SHK['s] tiny relative to global majors, but its technical capabilities are reputable," Kotak's analysts wrote in their Sept. 30 re-initiation report.

Persons: Kotak, Kelkar, Gabriel India, — Organizations: South, Kotak Securities, Bombay Stock Exchange, Industries Fiem Industries, India's National Stock Exchange, Company, BSE, Anand, Gabriel Locations: India, automotives

☆ Microsoft set to report quarterly results after the close
▼ + stars: | 2024-10-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday. Mobility and security services, along with some Windows revenue, will now be part of the Productivity and Business Processes unit, which includes Office software. Analysts expect $24.04 billion in revenue from the Intelligent Cloud segment that includes Azure cloud infrastructure. Amazon , which leads the cloud infrastructure market, is slated to report results after the close on Thursday. During the quarter, Microsoft worked to help customers recover after a flawed update to CrowdStrike security software brought down Windows PCs globally.

Persons: Satya Nadella, OpenAI Organizations: Partnership for Global Infrastructure, Microsoft, Productivity, Gartner, Windows, BlackRock, UBS, Capital, Nasdaq Locations: Borgo, Savelletri, Italy

Despite a difficult quarter, McDonald’s looks resilient in the face of various pressures, analysts say — something the company shares with U.S. consumers overall. “The spotlight is always on McDonald’s because it’s so big” and something of a “bellwether,” she said. That spurred former President Donald Trump to sling fries this month at a Philadelphia-area McDonald’s in a photo op. Like many major brands, McDonald’s raked in big profits as the economy reopened from the pandemic. “The thing that McDonald’s had struggled with, and why I think we’re seeing kind of an inflection point, is a value proposition,” Senatore said.

Persons: McDonald’s, Mickey D’s, Chris Kempczinski, Kempczinski, Gordon Haskett, ” Kempczinski, Ravi Dhar, ”, Sara Senatore, Kamala Harris, Donald Trump, Mickey D’s ’, Senatore, they’d, —, Eric Thayer, ” Senatore, Sam Oches, Oches, ‘, “, Jim Salera, Stephens, Jack Kleinhenz, hasn’t, “ They’re, ” Oches Organizations: U.S, Yale University’s Center, Bank of America, Bloomberg, Getty, Coca, Walmart, Target, Walgreens, JetBlue, Democratic, National Retail, JPMorgan Locations: U.S, Philadelphia, Connecticut, Amazon

☆ Judge rejects GOP congressmens’ lawsuit challenging vetting process for Pennsylvania overseas ballots
▼ + stars: | 2024-10-29 | by ( Tierney Sneed | ) edition.cnn.com time to read: +3 min

CNN —A federal judge on Tuesday tossed out a Republican lawsuit that sought to segregate overseas ballots in Pennsylvania for additional vetting. The overseas vote has long been viewed as sacrosanct because of its connection to the military vote, and the Pennsylvania lawsuit – which would have jeopardized the ballots of service people abroad – drew a sharp backlash. He cited other procedural issues with Republicans’ lawsuit as well. In the Pennsylvania case, the Republicans were arguing that election officials should take additional steps to verify ballots cast in the state from overseas voters. Correction: This story has been updated to reflect the judge who ruled in the case is Judge Christopher Conner.

Persons: Christopher Conner, –, Conner, ”, ” Conner, George W, Bush, “, It’s Organizations: CNN, Republican, Republicans, Republican National Committee, House Republicans Locations: Pennsylvania, Michigan, North Carolina

☆ Amrita Sen: Oil prices may have gone a bit too far in the correction move
▼ + stars: | 2024-10-28 | 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 EmailAmrita Sen: Oil prices may have gone a bit too far in the correction moveAmrita Sen of Energy Aspects discusses longer-term trends in oil prices following Israel's retaliatory strike on Iran this weekend.

Persons: Amrita Sen Organizations: Amrita Sen, Energy Locations: Iran

☆ Beware McDonald's, but these other restaurant stocks look attractive, says Katie Stockton
▼ + stars: | 2024-10-28 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

Persons: Jack, JACK, Katie Stockton Organizations: McDonald's Corp, Brands Inc, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ The one big fear that could upend the bull market
▼ + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A chain reaction sparked by continued inflation could put the bull market to rest, according to Trivariate Research. As the bull market enters its third year, investors are wondering how much more room there is to run before a pullback is due. Now, Fed funds futures are pricing in a more than 95% likelihood of another drop to the borrowing costs at the central bank's November gathering, according to CME's FedWatch tool. In 2021 and 2022, Parker said there was a "strong and statistically significant relationship" between Fed funds futures and the price-to-earnings multiple on growth stocks. Though that connection now looks different, the Morgan Stanley alum said he would be "surprised if multiples did not compress meaningfully" if the expectation for the Fed funds rate rises from 3.5% to 5% or above.

Persons: Adam Parker, Paul Tudor Jones, Stanley Druckenmiller, Parker, Morgan Stanley, Kamala Harris, Donald Trump, Tudor Jones, Dow Jones Organizations: Research, Federal Reserve, CNBC, Dow

☆ How America's Economy Managed to Avoid Recession, Job Market Disaster
▼ + stars: | 2024-10-27 | by ( Neil Dutta | ) www.businessinsider.com time to read: +9 min

AdvertisementWe're not in a recessionTo determine whether the economy is in recession, it helps to first define the term. Sure, the yearlong payrolls were adjusted down, but the story has largely been the same: This is a cooling but not collapsing labor market. Despite the 50-basis-point interest-rate cut by Chairman Jerome Powell and the rest of the Fed, there's evidence of additional slowing in the labor market. Since the rate cut, I've grown more confident that it will act in the face of weaker employment data. If the labor market deteriorates and the unemployment rate increases, we ought not to rule out another 50-basis-point move.

Persons: We're, —, Jerome Powell, there's, Powell, Stocks Organizations: Federal, National Bureau of Economic Research, Social Security, Conference Locations: America

☆ Lottery winner: Man wins $1 million lottery with $20 bill he found on the ground
▼ + stars: | 2024-10-27 | by ( Mariasole Campinoti | Maria Sole Campinoti | ) edition.cnn.com time to read: +1 min

CNN —When a North Carolina man headed to a convenience store on Tuesday, he had no idea luck was on his side. Jerry Hicks, a master carpenter from Banner Elk, found a $20 bill in the parking lot of the store, he said in a news release. He spent it on a scratch-off lottery ticket – and won $1 million. Hicks used the money to buy an Extreme Cash scratch-off, according to the release. Hicks claimed his prize on Friday at the North Carolina Education Lottery Headquarters.

Persons: Jerry Hicks, Hicks, “, ”, they’ve Organizations: CNN, North Carolina Education Lottery Headquarters Locations: North Carolina, Banner Elk

As Elon Musk continues to aggressively share conspiracy theories and misinformation about elections on X, election officials are fighting back. In three instances in the last month, Musk's posts highlighting election misinformation have been viewed over 200 times more than fact-checking posts correcting those claims that have been published on X by government officials or accounts. False claims he has posted this month routinely receive tens of millions of views, by X’s metrics, while rebuttals from election officials usually receive only tens or hundreds of thousands. “He is at least implicitly telling people: don’t trust the people that are running elections, trust me, trust x.com, trust Donald Trump. “You’re constantly building up a kind of armor against rationality, against fact-finding, and against the idea that election officials and responsible media can even be credible,” he said.

Persons: Elon Musk, they’re, Barb Bynum, ” Bynum, Donald Trump’s, Biden, Musk, Bynum, Musk’s, —, Jocelyn Benson, Benson, Bonnie Cash, Kate Conger, Ryan Mac, Seth Bluestein, Bluestein’s, ” Bluestein, Donald Trump, Hitler, ”, Kamala Harris, Eddie Perez, ” Perez, “ You’re Organizations: Corrections, NBC News, Michigan, Bynum ., Twitter, New York Times, Republican, Trump —, Atlantic, Henrico, OSET Institute Locations: Musk’s, Michigan, U.S, Bynum . Michigan, Washington ,, Philadelphia, Republican Philadelphia, Pennsylvania, Henrico County , Virginia, Virginia

☆ Store closings have hit their highest level in years. Competition and higher prices crushed them
▼ + stars: | 2024-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

“It kept these players alive that couldn’t survive in normal situations.”Competition from juggernauts like Amazon, Walmart, Costco, Home Depot and other big-box retailers has also squeezed smaller chains. In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed a record 9,800 stores in 2019. Around 9,700 stores closed in 2020, according to Coresight. Drug store chains are also shrinking.

Persons: —, ”, Michael Brown, Kearney, ” Brown, Barbara Kahn, Charlotte Russe, Shopko, Ted Decker, Joann Fabric, Denny’s, Kelli Valade, Justin Sullivan, Amazon’s, It’s, ” Kahn, TJ Maxx, TJX Organizations: New, New York CNN, Walgreens, Research, Companies, Consumers, “, Walmart, Costco, Home, ” Retailers, United, University of Pennsylvania’s Wharton School, Coresight, Retailers, Sears, P Global Market Intelligence, CVS, Aid, Marshalls, Aldi Locations: New York, “, Amazon, United States, Gymboree, JCPenney, Tijuana, HomeGoods

Rep. Nancy Mace, R-S.C., chair of the House Oversight Subcommittee on Cybersecurity, Information Technology and Government Innovation, is seeking communications between the administration and social media companies, like Facebook-owner Meta. “The Biden-Harris Administration has advertised its willingness to manipulate the content of social media sites,” Mace wrote, pointing to the administration’s 2021 admission that it worked with social media companies to flag misinformation on their platforms, including related to Covid-19. “The White House has not apologized for this activity or indicated that it would cease and desist from engaging in such behavior," Mace continued. Conservatives have accused the White House of pressuring companies like Meta and Twitter to take down content that didn’t serve the administration politically. The White House didn't immediately respond to a request for comment.

Persons: WASHINGTON, Biden, Nancy Mace, Meta, Mace, “ The, Harris, ” Mace, “, Amy Coney Barrett, Mark Zuckerberg, Brendan Carr, Carr, Gerry Connolly, Elon Musk, didn't Organizations: Republican, Technology, Government, Facebook, NBC News, White, “ The Biden, Harris Administration, Meta, Twitter, House Republicans, Federal Communications Commission's, Biden, Trump Locations: Virginia

☆ The art market is in a correction as big spenders fade
▼ + stars: | 2024-10-24 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

The number of wealthy collectors surveyed who plan to purchase art in the next year fell to 43% from over half in 2023. The median spending on art by wealthy collectors remains stable at around $50,000 a year, according to the survey. Higher interest rates also raised the opportunity cost of buying art, since wealthy collectors could earn an easy 5% or more from cash and Treasuries. Just as in the classic-car market, the art market is going through a generational shift that's created a mismatch between supply and demand. According to the survey, the high end of the art market, or works priced at $10 million or more, was the strongest before 2022.

Persons: Andy Warhol, Jean, Michel Basquiat, Wiktor, Robert Frank, Phillips, Bonhams, Paul Donovan, Xers, they're, Donovan, Gen Xers, Gen Organizations: Art Basel, UBS Survey, UBS Global Wealth Management, Art Basel Miami Beach, Dealers, UBS Locations: London, United Kingdom, Christie's, Sotheby's, New York, East, Ukraine, Europe, China

As part of his efforts leading up to Election Day, former President Donald Trump will address the Asian American and Pacific Islander community at a rally in Nevada on Thursday. Trump will take the stage in Las Vegas alongside former GOP presidential candidate Vivek Ramaswamy and former Rep. Tulsi Gabbard of Hawaii in one of his first events geared toward Asian American communities. Organizers say they aim to bring Asian voters into the conservative movement and convince them Trump is the best choice for them. Exit polling after the 2020 election showed 58% of eligible voters in the community supported Joe Biden, while 40% supported Trump. Progressive Asian American and Pacific Islander leaders take issue with Kirk’s characterization that Asians in the state are aligning with Trump, saying their observation has been the opposite.

Persons: Donald Trump, Trump, Vivek Ramaswamy, Tulsi Gabbard, Charlie Kirk, “, Trump’s, Joe Biden, Harris, ”, Eric Jeng, Steven Cheung, President Trump Organizations: American, Pacific, GOP, Change, Trump, Organizers, Progressive Locations: Pacific Islander, Nevada, Las Vegas, Hawaii, American, APIA Nevada

New York CNN —Mike Jeffries, the former CEO of Abercrombie & Fitch, has been arrested on charges related to sex trafficking, two sources familiar with the case tell CNN. Smith, 61, of West Palm Beach, Florida, was the romantic partner of former Abercrombie & Fitch CEO Mike Jeffries. Abercrombie & Fitch said it was “appalled” by the allegations and launched an independent investigation into the matter. Jeffries served as CEO of Abercrombie & Fitch from 1992 until 2014, when the company announced his retirement. That year, Abercrombie & Fitch succumbed to the pressure and announced they would begin offering plus-sizes in some clothing.

Persons: Mike Jeffries, Abercrombie &, Jeffries, Matthew Smith, James Jacobson, Smith, Jacobson, Paul Minnesota, “, ”, Brian Bieber, Michael Jeffries, Saint Barthélémy, it’s, Fitch, Abercrombie, Zers Organizations: New, New York CNN, Abercrombie, Abercrombie & Fitch, CNN, of, Prosecutors, Fitch, Southern District of, Hamptons Locations: New York, Eastern, of New York, West Palm Beach , Florida, Rice Lake , Michigan, Southern District, Southern District of Florida, Wisconsin, St, Paul, United States, New York City, England, France, Italy, Morocco, Minnesota

☆ Medicare coverage will change in 2025. Some boomers are already struggling to keep up with their medical bills.
▼ + stars: | 2024-10-22 | by ( Allie Kelly | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Companies like Aetna or AARP/UnitedHealthcare are merging their coverage plans, while previous insurers like Mutual of Omaha are leaving the market. AdvertisementWhile beneficiaries with Part A and B Medicare could see premium adjustments, most major changes will occur for people with supplemental Part D and Medicare Advantage plans. Healthpilot found that 10% of Medicare Advantage plans will be at the maximum deductible — up from 5% last year. Most Medicare Advantage beneficiaries will still have prescription drug coverage in the new year, but they may face higher out-of-pocket costs. Baby boomers are already struggling with healthcare costsThese changing Medicare costs come as many low-income baby boomers are struggling to keep up with medical bills.

Persons: —, Elizabeth Ayoola, Ayoola, Healthpilot, boomers, Lisa Callejas, Callejas, Betty, Betty —, Betty isn't Organizations: Medicare, Social Security, Service, Insurance, Companies, Aetna, AARP, BI, Healthpilot, Business, Security, Social Locations: Omaha, Mexico, Illinois

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