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☆ Trump-backed congressional candidates suffered rare losses in Tuesday's primary elections
▼ + stars: | 2024-06-26 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Trump-backed candidates lost primary races in Utah, South Carolina, and Colorado. These defeats mark a rare trend of Trump endorsements failing in the 2024 election cycle. But in this week's primary elections, some Trump picks experienced rare losses. In Utah, Republican Rep. John Curtis — who has been critical of Trump — beat out Trump's chosen candidate Trent Staggs to take over Mitt Romney's open Senate seat. Staggs lost to Curtis by 20 points, according to projected race calls from the Associated Press, compiled by The New York Times.

Persons: Trump, —, Donald Trump, John Curtis —, Trump's, Trent Staggs, Mitt Romney's, Staggs, Curtis Organizations: Trump, Service, Republican, Trump —, Associated Press, The New York Times Locations: Utah , South Carolina, Colorado, Utah

☆ England qualifies top of Group C after underwhelming goalless draw against Slovenia
▼ + stars: | 2024-06-25 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —England secured top spot in Group C with a goalless draw against Slovenia on Tuesday, but another underwhelming performance throws up more questions about the Three Lions’ status as one of the Euro 2024 favorites. The team created few real chances of note and were again met by boos at full-time from traveling England fans. England, meanwhile, had been heavily criticized for two poor performances to open Euro 2024: a narrow 1-0 win over Serbia and a 1-1 draw with Denmark. Slovenia defender Erik Janza and England midfielder Jude Bellingham chatting during the match. England’s slight improvement in the second half, though, will likely have Southgate rethinking his starting lineup ahead of the last 16.

Persons: Gareth Southgate’s, Kobbie Mainoo, Cole Palmer, Jan Oblak, Saka, Phil Foden’s, Alex Caparros, Southgate, that’s, Conor Gallagher, Declan Rice, Trent Alexander, Arnold, Gallagher, Erik Janza, Jude Bellingham, Kirill Kudryavtsev, Rice, Foden, Oblak, Palmer, Harry Kane Organizations: CNN, England, Slovenia, Lions, Red, Whites, Denmark, Serbia, Manchester City, UEFA, Southgate, Manchester United, Chelsea, Getty Locations: Denmark, Serbia, England, Madrid, Slovenia, Manchester, AFP

☆ Alphinity's Trent Masters says this stock is a 'compounding' winner
▼ + stars: | 2024-06-21 | 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 EmailAlphinity's Trent Masters says this stock is a 'compounding' winnerTrent Masters of Alphinity Investment Management discusses where investors can find opportunities outside of artificial intelligence.

Persons: Alphinity's Trent Masters, Trent Masters Organizations: Alphinity's, Trent, Alphinity Investment Management

☆ Reggie Jackson, on live TV from Rickwood Field, shares stark stories of racism
▼ + stars: | 2024-06-20 | by ( C. Trent Rosecrans | ) www.nytimes.com time to read: +9 min

Reggie Jackson played in Birmingham when he was in the minor leagues back in 1967. In his return to Rickwood Field, he shared his experience with racism and discrimination. Jackson played there just four years after four girls were killed in a bombing at the 16th Street Baptist Church. The Giants wore the uniform of the San Francisco Sea Lions, a Negro Leagues team that folded after its only season in 1946. Giants manager Bob Melvin played at Rickwood Field in parts of three seasons in the early 1980s as a minor-leaguer.

Persons: of Famer Reggie Jackson, Jim Crow, Jackson teared, “, ”, Jackson, ’, Charlie Finley’s, ’ Finley, ‘ We’re, we’re, Willie Mays, Reggie Jackson, ackson,, ollie, ou’re, haron, ove, ou,, hite, ike, ethel B, artin, uther, J, eague, eason, elvin, layed, aid., harley, ride,, riffey J r., ure, ike W, ilgore J r. Organizations: of Famer, Hollywood, Major League, Negro Leagues, Birmingham Black Barons, ust Locations: Birmingham, osh

☆ Looking beyond the AI hype? Nvidia bull loves this 'under-the-radar' tech stock
▼ + stars: | 2024-06-20 | by ( Isabella Lok | In Isabellalokys | ) www.cnbc.com time to read: +3 min

Artificial intelligence has been the subject of many recent conversations about investing in tech, with Nvidia, Alphabet and Microsoft grabbing headlines. Masters named telecommunications company Motorola Solutions , a company he says is "a very beautiful, solid, public safety-focused business." The rest of the businesses includes its video security and building command center units. He added that the company's video security and command center businesses are also gaining more traction in the market. Put that all together and you have a "very, very strong, high quality compounding business," Masters said.

Persons: Masters, CNBC's, Motorola's, You've Organizations: Nvidia, Microsoft, Trent Masters, Alphinity Investment Management, Masters, Motorola Solutions, MSI, Motorola, Land Mobile, CNBC, New York Stock Exchange

☆ Throwing money at plunging birth rates won't solve the issue, demography experts say
▼ + stars: | 2024-06-19 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

A Lancet study forecasts that by 2100, over 97% of countries will have fertility rates below the population replacement level. AdvertisementThe Japanese government has also tried to boost fertility rates by offering up to a year of parental leave and even cash incentives. In South Korea, the least fertile country in the world, Seoul is offering people money to reverse their vasectomies or untie their tubes. However, according to Trent MacNamara, a Texas A&M professor whose work has focused on fertility rates, throwing money at the problem can only do so much. Harper said that instead of throwing money at the issue, the biggest chance for success is through promoting gender equity.

Persons: —, isn't, Trent MacNamara, MacNamara, Sarah Harper, Harper, Philip N, Cohen, it's Organizations: Service, Business, gerontology, Oxford Institute of Population Ageing, University of Maryland Locations: Tokyo, South Korea, Seoul, Texas

☆ Tyler Boebert finally has a lawyer in his theft case
▼ + stars: | 2024-06-13 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

Read previewLauren Boebert's teenage son, Tyler Boebert, has finally hired an attorney for his Colorado criminal theft case after months without any representation. Tyler Boebert had been without an attorney during his last two court appearances, first telling the judge that he was having trouble affording a lawyer. "I wish you'd turned in that application a little sooner," Neiley told Tyler Boebert at the time. But Tyler Boebert did not go with a public defender, after all. Police say Tyler Boebert was spotted in a Colorado store where a stolen credit card was used.

Persons: —, Lauren Boebert's, Tyler Boebert, William Trent Palmer, John Neiley, Neiley, you'd, Palmer, Tyler Boebert's, Boebert, Lauren Boebert, Donald Trump Organizations: Service, Business, Judicial, DA, WTP, Rifle Police Department Locations: Colorado, Garfield, Carbondale , Colorado, , Colorado, Rifle , Colorado, New York City

☆ Falling birth rates are freaking countries out and spawning dubious fixes like tax breaks, cheaper cars, and free surgery
▼ + stars: | 2024-06-13 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +7 min

Read previewAs fertility rates decline across much of the world, countries are exploring innovative strategies to encourage women to have more babies. Trent MacNamara, a Texas A&M professor whose work has focused on fertility rates, told BI that the impact of financial incentives on fertility rates was uncertain and might lead to only modest gains. Subsidized fertility treatments and vasectomy reversalsCohen said that other strategies to increase fertility rates included countries like Israel offering free or heavily subsidized in vitro fertilization. However, a 2020 essay by Tan said the Japanese example showed that reproductive technologies were not a panacea for low fertility rates. Japan has the world's highest percentage of babies born through IVF, yet it has one of the lowest fertility rates, she said.

Persons: —, Sarah Harper, Vladimir Putin, Viktor Orbán, ATTILA KISBENEDEK, Trent MacNamara, Poh Lin Tan, Philip N, Cohen, Antonio Marquez lanza, Tan, MacNamara Organizations: Service, Business, Bloomberg, Local, gerontology, Oxford Institute of Population Ageing, BBC, Associated Press, National University of Singapore, University of Maryland, American Economic Association, Getty Locations: Singapore, South Korea, Soviet, Russian, Hungarian, Hungary, Texas, Norway, Sweden, Israel, Japan, Korea

☆ The Cost of Traveling While Gay: Passing As Straight Helps Us Travel
▼ + stars: | 2024-06-04 | by ( Timothy Moore | ) www.businessinsider.com time to read: +10 min

AdvertisementHomosexuality isn't illegal in Egypt, but the country is famous for its discrimination against the LGBTQ+ community. "Not all states have equal protection laws, especially for transgender and gender-diverse individuals," John Tanzella, president and CEO of the International LGBTQ+ Travel Association, told Business Insider. Airbnb hosts can indicate they're LGBTQ-friendly in their listings, and there are companies and entire cruise lines dedicated to gay travel. Perhaps the most comprehensive is the IGLTA, which has been helping members of the community travel safely since 1983. "The future of LGBTQ+ travel is bright," Tanzella said, though he cautioned significant hurdles still remain.

Persons: Trent, peck, we'd, we've, I'd, Equaldex, John Tanzella, Ron DeSantis, you've, Dan Leveille, it's, Leveille, Tanzella, —, I've, It's, there's, I'm Organizations: Business, Ferrari, United Arab, International, Travel, Equity, Gov, Technology Locations: Jamaica, Trent, Spain, Morocco, United Arab Emirates, Egypt, United States, Florida, Berlin, Puerto Vallarta

☆ England’s Euro 2024 squad: Adam Wharton and Eberechi Eze included, Marcus Rashford misses out
▼ + stars: | 2024-05-21 | by ( Omar Garrick | ) www.nytimes.com time to read: +7 min

Gareth Southgate has named his 33-man provisional England squad for this summer’s European Championship in Germany. Manchester United forward Marcus Rashford has been left out of Southgate’s squad. Rashford and Henderson won’t be part of the England squad this summer (Gaspafotos/MB Media/Getty Images)“Hendo has given himself every chance,” Southgate said. I have talked with him and the medical team are liaising with Manchester United very closely. Midfielders: Trent Alexander-Arnold (Liverpool), Conor Gallagher (Chelsea), Curtis Jones (Liverpool), Kobbie Mainoo (Manchester United), Adam Wharton (Crystal Palace) Declan Rice (Arsenal).

Persons: Gareth Southgate, Marcus Rashford, Southgate, Marcus, ” Rashford, “ Gareth, Jordan Henderson, Henderson, Henderson won’t, Hendo, ” Southgate, hasn’t, Rashford, Mainoo, J ames, juri, Oliver Glasne, siti, ned 82 sen, It w, sid, ter City), Kier, ber, Jack G, Gordon (Newca, o ney, Brent, atkin Organizations: England, Manchester United, ”, Ajax, UE, nsa, Aston Locations: Germany, England, Jordan, Brazil, Bowen, ayer, Munich, Bosnia, Serbia

☆ Eric Molitor was acquitted on charges related to the Gretchen Whitmer kidnapping plot. Now he’s running for sheriff
▼ + stars: | 2024-05-19 | by ( Alison Main | ) edition.cnn.com time to read: +6 min

CNN —A man acquitted last year on charges linked to a 2020 plot to kidnap Michigan Gov. Gretchen Whitmer is now looking to unseat an incumbent county sheriff. Eric Molitor has filed to run in the Republican primary this August against Trent Taylor, the sheriff of deep-red Wexford County in Northern Michigan. Taylor told CNN he believes he’s constitutionally obligated to enforce the state’s laws and that it would be “reckless” not to do so, as Molitor has said he would. Molitor told CNN his experience opened his eyes to flaws in the justice system.

Persons: Gretchen Whitmer, Eric Molitor, Trent Taylor, ”, Taylor, “, Molitor, Whitmer, he’s, ” Taylor, ” Molitor, we’ve, Dan Pfannes, Pfannes, MAGA, Donald Trump’s “, Trump, Michele Lundgren, Dana Nessel, ’ ”, CNN’s Lauren del Valle, Veronica Stracqualursi, Josh Campbell, Michelle Watson Organizations: CNN, Michigan, Republican, Democrat, Michigan State University, Northern, Capitol, Michigan House, Democrats, The Michigan Sheriffs ’ Association, Michigan Democratic Party, MAGA Republican, Michigan Republicans won’t, Republican Party Locations: Wexford County, Northern Michigan, Cadillac , Michigan, Michigan, Wexford

☆ Jurgen Klopp: An emotional farewell for a manager like no other
▼ + stars: | 2024-05-19 | by ( Aimee Lewis | ) edition.cnn.com time to read: +4 min

On a sun-soaked Sunday at Anfield, Jurgen Klopp managed Liverpool for the last time and salty tears filled eyes; from the man himself to his players and fans. There were many trophies, arguably there should have been more – two Champions League finals lost, a Europa League final lost, the Premier League lost by a point twice. Fans greet Liverpool's manager Jurgen Klopp ahead the English Premier League soccer match between Liverpool and Wolverhampton Wanderers. It will arguably take Liverpool fans, and even the Premier League, longer to get used to a post-Klopp era. The Klopp era will not be replicated, Liverpool fans know that, which is why he was given such a special farewell.

Persons: Jurgen Klopp, Klopp, “ It’s, ” Klopp, Ulla, –, Jon Super, Virgil van Dijk, “ I’ve, ”, Van Dijk, “ He’s, Allison, “ I’m, Danke Jurgen ”, Jurgen Klopp's, Trent Alexander, Arnold Organizations: CNN, Liverpool Football Club, Anfield, Liverpool, Sky Sports, Wolves, Premier League, Champions League, FA, League, Europa League, verve, English Premier League soccer, Wolverhampton Wanderers, AP Locations: Anfield

☆ From Taylor Swift tickets to gasoline — these days everyone feels like they’re being price-gouged. Are they?
▼ + stars: | 2024-05-18 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at SoFi Stadium on August 09, 2023 in Inglewood, California. At the core of the increasingly common accusation of price gouging is the sense that the consumer is being exploited. Price gouging is in the eye of the bidderGavin Roberts, chair of Weber State University’s economics department and who studies the effect of anti-price gouging laws, said the laws themselves often don’t define what price gouging is. Corporations charging as much as they can, as painful as it may be for consumers, doesn’t mean they’re necessarily price gouging, said Roberts. Steven Suranovic, an economics professor at George Washington University who has also published research on price gouging, sees it differently.

Persons: Emily Miller lucked, Taylor, Miller, Swift, ” Miller, Taylor Swift, Kevin Winter, it’s, —, Joe Biden — can’t, we’re, Gavin Roberts, Biden, ”, Biden hasn’t, ” Biden, Roberts, Steven Suranovic, Martin Shkreli, Shkreli, Price, Trent Sprague, Lyft, Uber, Travis Kalanick, It’s, ” Suranovic, Rafi Mohammed, Stefani Reynolds, Teresa Murray Organizations: New, New York CNN, CNN, Rights, Weber State, Corporations, George Washington University, Turing Pharmaceuticals, LinkedIn, O'Hare International, Chicago Tribune, Tribune, Service, Consumer, Culture, Profit, Getty Locations: New York, Pittsburgh, Cleveland, Inglewood , California, Chicago, New York City, Washington ,, AFP, US

☆ Gareth Southgate eyes defining moment ahead of possible last dance at Euro 2024 with England
▼ + stars: | 2024-05-14 | by ( Amanda Davies | Aleks Klosok | ) edition.cnn.com time to read: +9 min

It’s ultimately where you’re judged and these are the opportunities to make history,” Southgate told CNN Sport’s Amanda Davies. Clive Rose/Getty ImagesAnd then one heart-breaking step closer – a penalty shootout loss to Italy in the final of Euro 2020. Laurence Griffiths/Getty ImagesWhen asked whether it was indeed the best chance, Southgate replied: “It’s the next chance, so we’ll only know afterwards whether it was the best chance. Lee Smith/Action Images/ReutersIndeed, Southgate is no stranger at having to navigate the hostile dynamic that has often existed between the England team and the British media. “When you’re on the cusp on a tournament like this then every hour you’re thinking about the team, nothing else.

Persons: Gareth Southgate, He’s, It’s, you’re, ” Southgate, Amanda Davies, “, we’ll, Southgate, Luka, Clive Rose, ”, you’ve, Jadon Sancho, Laurence Griffiths, Trent Alexander, Arnold, Jude Bellingham, Phil Foden, Harry Kane, We’ve, they’re, Lee Smith, effacing Southgate, “ Don’t, hadn’t, Nick Potts, ‘, Sam Allardyce’s, “ I’ve, I’ve, I’m, There’s Organizations: CNN, England, Malta, Germany, England’s Football Association, Lions, Manchester United, Southgate, English, Middlesbrough Locations: Germany, Luka Modrić, Croatia, Italy, Russia, England, France, ” England, Southgate, British, “

☆ Buy Nvidia stock now or wait for another drop? Two fund managers disagree
▼ + stars: | 2024-05-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The substantial rise in Nvidia's share price has, however, has raised questions about whether those not already invested should buy the stock now, or wait to see if its price drops. Buy Nvidia Trent Masters, portfolio manager at the Sydney-based Alphinity Investment Management, has a buy recommendation on Nvidia, even as he acknowledges that it is "hard to buy a stock that has already gone up a lot." Acknowledging that Nvidia is a "great company," that is effectively operating a "monopoly" in the AI chipmaker segment, he has been reducing his holdings in the stock "Nvidia is a company that ran too far too fast. For instance, he is looking at an annualized revenue growth rate of near 50% over the next five years to justify the stock price. Despite reducing his position in the stock, Coons remains cautiously optimistic on Nvidia.

Persons: It's, We've, we've, Nvidia Adam Coons, Coons, " Coons Organizations: Nvidia, CNBC, Nvidia Trent Masters, Alphinity Investment Management, Devices, Winthop Investment Management Locations: Sydney, U.S

☆ Samsung or SK Hynix? One Nvidia supplier is the better AI play, the pros say
▼ + stars: | 2024-05-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Two stocks have dominated the memory chip market: Samsung and SK Hynix . SK Hynix is already the primary supplier of HBM3 chips to Nvidia's AI chipsets. SK Hynix Trent Masters, global portfolio manager at Alphinity Investment Management, says he prefers SK Hynix. Nam Hyung Kim, partner at Arete Research, also prefers SK Hynix, giving it a buy rating and Samsung a neutral rating. "[But I] also anticipate a buying opportunity on SK Hynix once it is adjusted due to intensifying competition in HBM3E," said Kim.

Persons: TSMC, Masters, Nam Hyung Kim, Nam, Sung Kyu Kim, Kim, —, Sheila Chiang Organizations: Big Tech, Nvidia, Samsung, SK Hynix, South, South Korean, CNBC, SK Hynix Trent Masters, Alphinity Investment Management, Micron, SK Hynix's, Arete Research, Daiwa Locations: Asia, Pacific, HBM3, HBM3E

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ Army National Guard hasn't paid out enlistment bonuses to thousands of soldiers, alarming House lawmakers
▼ + stars: | 2024-05-02 | by ( Steve Beynon | ) www.businessinsider.com time to read: +5 min

House lawmakers criticized the National Guard over enlistment bonuses owed to more than 13,000 soldiers. AdvertisementA bipartisan group of House lawmakers is demanding answers from the Army National Guard on its plans to pay delinquent enlistment bonuses to the thousands of soldiers who are owed. A US soldier with the Oklahoma National Guard stands watch along a perimeter fence near the US Capitol in Washington, DC. US Army National Guard photo by Sgt. AdvertisementThe backlog was particularly inflamed by two 10-month outages of the Army National Guard Incentive Management System, or GIMS, which manages bonuses.

Persons: —, Daniel Hokanson, Ruben Gallego, Mike Waltz, Trent Kelly, they're, Thomas Alvarez, It's, isn't, Anthony Jones, Kelly, Hanna Smith Organizations: National Guard, Service, Army National Guard, Guard's, Democrat, Florida Republican, Republican, Guard, Idaho National Guard, Operation Spartan, US, Oklahoma National Guard, US Army National Guard, National Guard Bureau, US Army, Air National Guardsmen, Civil Disturbance Unit, Capitol Police, US Air National Guard, Staff, Army National Guard Incentive Management Locations: Arizona, Florida, Mississippi, Asia, Washington , DC

☆ Trent Alexander-Arnold: ‘Win the trophy. That’s what we can achieve,’ says Liverpool star of England’s chances at Euro 2024
▼ + stars: | 2024-04-26 | by ( Zayn Nabbi | Darren Lewis | ) edition.cnn.com time to read: +2 min

CNN —Liverpool star Trent Alexander-Arnold says that the England squad will head to Euro 2024 believing it can win the European Championship in Germany this summer. Speaking to CNN’s Senior Sports Analyst Darren Lewis, the Three Lions defender was bullish about England’s chances at the Euros. That’s what we can achieve,” said Alexander-Arnold. It’s the furthest thing from arrogance, but you have to have confidence and believe you can win it, otherwise you can’t. “I would say midfield, I think, in an England shirt,” said Alexander-Arnold, who usually plays for Liverpool in defense as a right-back.

Persons: Trent Alexander, Arnold, Darren Lewis, ”, Alexander, “, we’ve, we’ll, We’ll, ” Alexander, Arnold hasn’t, Gareth Southgate, Southgate, Eddie Keogh, Real Madrid’s Jude Bellingham, I’ve, – Organizations: CNN, Liverpool, England, European, Three Lions, “, Premier League, Fulham, Real Madrid’s, Lions Locations: Germany, Merseyside, England, George's Park, “, Italy, Qatar

“I am not resigning,” Johnson told reporters. Massie told Republican colleagues behind closed doors Tuesday morning that he will cosponsor the motion to vacate Johnson from his position. And then I said, ‘Well, you’re the one who’s going to put us into this,’ because the motion is going to get called up. In making his announcement Monday, the Louisiana Republican predicted the House will vote Friday evening on the separate bills. The Senate passed its bill in February – a $95.3 billion foreign aid bill with assistance for Ukraine, Israel and other priorities.

Persons: Mike Johnson, Johnson, Thomas Massie, “, ” Johnson, Massie, Marjorie Taylor Greene, Trent Kelly, Mississippi, it’s, ” Massie, Kevin McCarthy, –, Republicans “, Republican – Greene –, ”, CNN’s Morgan Rimmer Organizations: Republican, Republican Rep, Louisiana Republican, CNN, Democratic, GOP, Republicans, Democrats, Senate, Internal Revenue Service Locations: Ukraine, Israel, Louisiana, Taiwan, Georgia

☆ Spirit Airlines furloughs 260 pilots to save money
▼ + stars: | 2024-04-08 | by ( ) edition.cnn.com time to read: +2 min

CNN —Spirit Airlines said on Monday it has reached a deal with Airbus to delay all aircraft deliveries scheduled from the second quarter of 2025 through 2026 and intends to furlough about 260 pilots, as the company looks to save cash. As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1. “[The] aircraft deferrals and pilot furloughs look positive, in terms of helping the carrier to reduce [or] defer some costs. Spirit, which has been losing money for several quarters despite strong travel demand, operates an all-Airbus fleet. Spirit now expects to end 2025 with a total of 219 jets in its fleet, with no additions of the A320neo aircraft.

Persons: Stephen Trent, ”, Ryan Muller, Muller Organizations: CNN — Spirit Airlines, Airbus, Pratt, Whitney, Pratt & Whitney, Citi Research, Air Line Pilots Association

☆ An English Village Hollowed Out for a Train That May Never Come
▼ + stars: | 2024-04-03 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

For those that can afford them, the large villas at Whitmore Heath offer the tranquillity of the countryside within striking distance of urban centers like Stoke-on-Trent and Stafford, an hour’s drive north of Birmingham, the largest city in the English Midlands. Yet on Heath Road, where some house prices have exceeded a million pounds (about $1.3 million), padlocked gates and signs warn trespassers of CCTV security monitoring. Outside one house stands a dumpster filled with waste while the roof of another is carpeted with a veneer of moss. Peer through the large windows of a family home, and not a single piece of furniture can be seen inside. This scene of abandonment is a byproduct of a multibillion-dollar rail project that has spanned three decades and six prime ministers — a case study in the problems Britain encounters when planning large-scale infrastructure, and of the scarring that remains when such projects go awry.

Persons: Whitmore Heath, — Locations: Whitmore, Stoke, Trent, Stafford, Birmingham, English Midlands, Heath

☆ Incumbent AI players will dominate smaller ones in the short term: Portfolio manager
▼ + stars: | 2024-03-28 | 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 EmailIncumbent AI players will dominate smaller ones in the short term: Portfolio managerTrent Masters, global portfolio manager at Alphinity, says a "technology platform shift" usually "opens up the universe for a whole lot of new players to come in and displace the incumbents." But, he adds, when it comes to artificial intelligence, the incumbents are the ones likely to reap most of the benefits, given the "sheer amount of capital" required and the "breadth of data sets" they have.

Persons: Trent Masters

☆ An Uber and Lyft driver explains how he sometimes makes over $8,000 a week doing private rides in Miami and Fort Lauderdale for celebrities, politicians, and sports stars
▼ + stars: | 2024-03-26 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

One week, he made $8,300 doing private rides between stretches of Uber and Lyft driving. He started his own LLC and occasionally markets his independent driving business as a passenger. "You have to treat Uber and Lyft like a business if you're doing it full-time," Trent told Business Insider. "I do rideshare quite a bit, but I do it mostly to build my client business," Trent said. He said he can often charge customers much less than what they pay for Uber or Lyft rides, and he still makes more.

Persons: Trent T, Uber, Lyft, Trent, lupus vasculitis, didn't, Guy, he's, He's, they've, I'm, it's Organizations: Service, Business, Trent, Tesla, Nationwide, Border Patrol, Federal Air Marshal Service, Aldi, NFL, Uber, Miami Locations: South Florida, Texas, Mexico, Atlanta, Florida, Tennessee, Miami, it's, Miami Beach

☆ A month's pay in one week: South Florida Uber and Lyft drivers explain how they capitalize on the spring break rush despite 'a little sand' and 'crappy music'
▼ + stars: | 2024-03-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

Police made 573 arrests in Miami Beach last spring break and confiscated over 100 guns, per The Wall Street Journal. For some drivers, spring break is their ticket to a vacation of their own, but for others, the spring break slowdown has thrown their earnings for a loop. Many, like Jared S., 27, say they don't actively seek out spring breakers, though sometimes spring break rides can be profitable. AdvertisementBreaking up with spring breakMike McGrath, 57, is glad spring break is more under control this year. AdvertisementCapitalizing on spring break crowdsRenee said maximizing her earnings during spring break comes down to knowing when to be in certain areas.

Persons: Trent T, South Florida — Uber, it's, he's, Trent, He's, I'm, You'll, Jared S, Juan, Mike McGrath, McGrath, David Lowell, he'll, Lowell, Renee, Lyft, John D, John, Hiedi, Handford, Mark, there's, Marian O, Eliezer, Edgar Organizations: Service, South Florida —, Trent, Miami Beach, Police, Street, West Palm Beach, Miami, Delray, Facebook Locations: South Florida, Miami, Miami Beach, Florida, Fort Lauderdale, Palm Beach, Cuba, West Palm, South Beach, Delray Beach, Tennessee, Ubers, Boca Raton, Nicaragua, Venezuela

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