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☆ People paid $50,000 to reserve Tesla's new Roadster nearly 7 years ago. Its launch date remains a mystery.
▼ + stars: | 2024-10-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Elon Musk recently said Tesla's Roadster takes a back seat to more pressing projects. Nearly seven years after first unveiling the new Roadster, its release date remains a mystery. During Tesla's third-quarter earnings call, Elon Musk thanked the "long-suffering deposit holders," many of whom paid $50,000 in 2017 to reserve the much-delayed electric sports car. Related storiesMusk first announced the new Tesla Roadster in November 2017 and said it would be "the fastest production car ever made, period." The interior design of the Tesla Roadster was shown off in November 2017.

Persons: Tesla's, Elon Musk, —, Tesla, Musk, weren't, Kate Leaman, Leaman, it's, Jacob Bourne, Bourne, Dan Ives, Don Lemon, Peter Thiel Organizations: Analysts, Service, Wall Street, Business, Tesla, Base Roadster, SpaceX

☆ Minneapolis man charged in shooting of neighbor but has not been arrested, prompting anger at police
▼ + stars: | 2024-10-26 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

Court documents state that Sawchak shot his neighbor in the neck with a firearm from an open upstairs window. Moturi told them that his neighbor had threatened to shoot him “if he touched a specific tree.” While Moturi was cutting the tree, he was shot. The chief said Sawchak has not been arrested because he is “mentally ill” and possesses firearms. O’Hara said anyone who suggests that police do not want to arrest Sawchak is “simply wrong.” Frey’s office did not immediately respond to a request for comment. In January 2016, he allegedly verbally harassed a neighbor while holding a knife and threatened to kill a neighbor, the documents say.

Persons: John Herbert Sawchak, Davis Moturi, KARE, Sawchak, Moturi, ”, Caroline, Brian O’Hara, O’Hara, “ We’ve, “, ” O’Hara, Andrea Jenkins, Elliott Payne, Aisha Chughtai, Jason Chavez, Robin Wonsley, Jacob Frey, Jenkins, “ I’m, ” Jenkins, George Floyd, ’, anything’s, ” Moturi, Sawchak “ Organizations: Hennepin County Attorney’s, NBC, Minneapolis police, Police, Minneapolis, Minneapolis City, “, The Minnesota Star Tribune, Minneapolis Police, The, Justice, U.S, Constitution Locations: Minneapolis, Hennepin County, O’Hara

☆ TikTok's innovative new idea: printing books on paper
▼ + stars: | 2024-10-26 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

ByteDance's publishing company, 8th Note Press, plans to release physical books. After the monumental success of "BookTok" — a community of bibliophiles on the platform that discusses books and shares what they are reading — TikTok's parent company, ByteDance, started publishing digital books through its publishing company, 8th Note Press, last year. 8th Note Press is now teaming up with Zando, an independent publishing company, to release a line of print novels to sell in retail stores starting in 2025. "This partnership marks an exciting new chapter for 8th Note Press," Jacob Bronstein, head of editorial and marketing, told Business Insider in a statement. Debut novelist Sanibel — who writes under a mononym — sold her book "To Have and Have More" to 8th Note Press last year.

Persons: —, TikTok, Jacob Bronstein, we'll, Molly Stern, Colleen Hoover's, Taylor, Zando, Sanibel — Organizations: Press, Service, The New York Times, Times, Zando Locations: bibliophiles

☆ Shohei Ohtani: Dodgers star suffers left shoulder injury during Game 2 of the World Series
▼ + stars: | 2024-10-26 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

CNN —Los Angeles Dodgers superstar Shohei Ohtani suffered a shoulder injury before the Dodgers’ 4-2 win over the New York Yankees in Game 2 of the World Series Saturday. The Japanese slugger sustained a left shoulder subluxation and will undergo more testing, Los Angeles Dodgers manager Dave Roberts said after the game, adding that the team is however “encouraged” about the injury. With the Dodgers up 4-1 in the bottom of the seventh inning, Ohtani attempted to steal second base but was thrown out to end the inning. Ohtani, however, stayed on the ground grimacing in pain and eventually walked off the field with trainers holding his left arm. Alex Slitz/Getty ImagesThough Ohtani has had an exceptional debut season with the Dodgers, the 30-year-old player has grappled with physical setbacks.

Persons: Shohei Ohtani, Dave Roberts, “, ”, ” Roberts, we’re, that’s, Ohtani, r19pZEurj1, Roberts, Alex Slitz, –, “ I’m, I’m, CNN’s George Ramsay Organizations: CNN, Los Angeles Dodgers, Dodgers, New York Yankees, Johns Hopkins Medicine, MLB, FOX, Los Angeles Angels, Miami Marlins, “, Yankee Locations: Bronx , New York

☆ Tesla ends the week on a high fueled by earnings 'surprise'
▼ + stars: | 2024-10-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Tesla stock has surged since the company reported earnings on Wednesday. AdvertisementTesla's stock price has been on a tear in the two days since the carmaker reported quarterly earnings that exceeded expectations. AvaTrade's chief market analyst, Kate Leaman, told BI that Tesla's earnings were a "surprise beat, which always gives the stock a push." Ahead of the earnings report, analysts had concerns about waning EV demand and the impact of Tesla's price cuts on its profitability. Dan Ives, a Tesla bull and an analyst at Wedbush Securities, called Tesla's earnings figures a "Goldilocks quarter."

Persons: Jacob Bourne, —, Elon Musk, Tesla, Kate Leaman, Tom Narayan, Dan Ives, Emarketer's Bourne, Tesla's Cybercab, Bourne, Chowdhry, Donald Trump, Narayan, Musk Organizations: Wall Street, Service, Wall, Business, RBC Capital, Wedbush Securities, Global, Tesla Locations: Texas, California, Bay

☆ College in the US was too expensive, so these students opted for Europe
▼ + stars: | 2024-10-25 | by ( Erin Liam | ) www.businessinsider.com time to read: +11 min

As college tuition fees soar, more American students are going abroad. Beyond cheaper tuition, college abroad can offer multiple benefits, including exposure to new cultures. It sounded like a dream to her: a chance to live abroad and earn an affordable college degree. Now, out of the 350 high school students his company works with yearly, 10 to 20% apply to college abroad, he said. Related storiesThe benefits of college abroad go beyond costIn many US colleges, students declare a major after their freshman year.

Persons: —, Liza Jean Miezejeski, James Edge, he's, Greg Kaplan, Robert Harry, it's, Edge, Jacob Zeidberg, Lou Zeidberg, Harry, It's, Zeidberg, Jennifer Zeidberg, Scarlett Kiaras, Attari, Kaplan, There's, Mrozek, Amanda Mrozek Amanda Mrozek, Miezejeski, hasn't, I've Organizations: Institute of International Education, Service, Colleges, National Center for Education Statistics, U.S . News, Pepperdine University, Kent School, Europe College, Ireland, Toulouse Business School, University of Oxford, Oxford, Central Michigan University, Miezejeski, University of Connecticut Locations: Europe, Germany, Connecticut, Prague, Brussels, New York, America, Malibu, Netherlands, Japan, France, Kentucky, Scotland, undergrad, Edinburgh, Portugal, American, Canada, Italy, Boston

Their memories are so short,” the man said, incredulous that any union member in Wisconsin is now backing Trump. Teamsters members who backed Harris carried out what’s considered by the campaign to be among the most persuasive of arguments: those made peer to peer. After the news broke that the national organization wouldn’t endorse Harris, however, local Teamsters groups, including many of the largest, swiftly backed Harris. Trump’s a scab!”The United Auto Workers union, which has a vast representation in the swing state of Michigan, has also put its weight behind Harris. It’s my tax money going to union workers,” Jones said.

Persons: Kamala Harris, Scott Walker’s, Donald Trump, “, Trump, ”, Harris, Tim Walz, Democratic Sen, Tammy Baldwin, what’s, Elon Musk, ” Josh Orton, Harris ’, Bill Carroll, Mandel Ngan, Sean O’Brien, Joe Biden, Karoline Leavitt, ” Leavitt, Leavitt, Jim Ridderbush, ” Ridderbush, didn’t, Shawn Fain, Biden, John A, Daniel Jones, “ That’s, ” Jones, “ Donald Trump, he’d, Scott Walker, Tesla, “ I’m Trump, ” Jacob Ralph, Lori Jensen, Sean O’Brien didn’t, Sean, “ I’ll Organizations: Teamsters, Republican Gov, Gov, Democratic, Trump, NBC News, Getty, International Brotherhood of Teamsters, United Food, Commercial Workers, “, United Auto Workers union, Biden, Neenah Locations: OSHKOSH, Wisconsin, Foxconn, Michigan, Pennsylvania, Madison, Wis, AFP, Green Bay, Oshkosh, Duluth , Minnesota, Superior , Wisconsin

☆ Grayson McCall: NC State quarterback retires from football after suffering concussion he ‘cannot come back from’
▼ + stars: | 2024-10-24 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —North Carolina State University quarterback Grayson McCall has retired from football after suffering a concussion he “cannot come back from,” the 23-year-old announced on Wednesday. The senior was stretchered off the field during the Wolfpack’s game against Wake Forest on October 5 after taking a hit to the head. Grayson McCall was stretchered off the field after taking a hit to the head in the NC State Wolfpack's game against Wake Forest on October 5. David Beach/AP“As you all know I have battled injuries my whole career, but this is one that I cannot come back from,” McCall said in an Instagram post. “As I feel like my whole world is being taken from me, I feel some sense of contentment,” McCall continued on Wednesday.

Persons: Grayson McCall, David Beach, ” McCall, “, CJ Bailey, McCall, ” Organizations: CNN, North Carolina State University, Wake Forest, NC State, Coastal Carolina, Sun, Wolfpack, NC, Stanford Locations: NC, Coastal, Coastal Carolina

☆ Top 45 MLB free agents for 2024-25 with contract predictions, team fits: Will Soto get $600M+?
▼ + stars: | 2024-10-24 | by ( Jim Bowden | ) www.nytimes.com time to read: +48 min

MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.

Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, —, José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume

☆ Netflix Wanted ‘Wuthering Heights.’ Margot Robbie Wanted a Theatrical Release.
▼ + stars: | 2024-10-24 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

In the latest Hollywood movie bidding war, the battle between a theatrical and a streaming release could not have been more stark. And in this case, theaters won out. The film will star Margot Robbie as Catherine Earnshaw and Jacob Elordi from “Saltburn” as the rageful Heathcliff. Ms. Robbie’s company and its partner, independent studio MRC, have instead been won over by Warner Bros., the studio said on Thursday. The company offered them around $80 million plus a significant marketing commitment, according to a person with knowledge of the decision.

Persons: Emily Brontë’s, ”, Emerald Fennell, “, Margot Robbie, Catherine Earnshaw, Jacob Elordi, Saltburn ”, Heathcliff, Robbie, Tom Ackerley, Josey McNamara Organizations: Netflix, MRC, Warner Bros Locations: Wuthering

☆ Amir Abdur-Rahim: USF men’s head basketball coach dead at 43
▼ + stars: | 2024-10-24 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

CNN —University of South Florida men’s head basketball coach Amir Abdur-Rahim died Thursday from complications during a medical procedure, the university said. “Coach Abdur-Rahim leaves a lasting impact on our student-athletes, the University, and the community,” Kelly continued. In 2019-2020, the Owls went 1-28 but under Abdur-Rahim, the program turned it around and three years later, made it to the NCAA tournament. We are heartbroken over the passing of Coach Abdur-Rahim. pic.twitter.com/h353f3FNno — USF Men's Basketball (@USFMBB) October 24, 2024In 2022-2023, the Owls finished with a 26-9 record and Atlantic Sun Conference (ASUN) regular-season and tournament titles.

Persons: Amir Abdur, Rahim, Michael Kelly, Abdur, ” Abdur, ” Kelly, h353f3FNno —, Xavier, Rhea Law, ”, Law, Shareef, CNN’s Coy, “, Arianne Organizations: CNN — University of South, CNN — University of South Florida men’s, USF, Bulls Nation, Bulls, American Athletic Conference, University, Kennesaw State Owls, Owls, NCAA, h353f3FNno — USF, Atlantic Sun Conference, NBA, Arkansas Locations: CNN — University of South Florida, Tampa, Kennesaw, Florida, Jacksonville

☆ Apple is reportedly pumping the brakes on Vision Pro production
▼ + stars: | 2024-10-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple is cutting Vision Pro production, possibly halting it by year-end, The Information reported. AdvertisementApple is reportedly reducing Vision Pro production, but that doesn't mean it's out of the headset game. Especially if the reports of Apple working on a lower-cost version of the Vision Pro are true. Related stories"This is all heading toward a lower-cost Vision Pro with more features that can scale," Ives said. The Vision Pro was released in February, and few, if any, apps have taken off in popularity.

Persons: William Kerwin, Apple, —, Apple hasn't, Apple didn't, Jacob Bourne, EMARKETER, Tim Cook, it's, Cook, Tim Cook's, Dan Ives, Ives, Kerwin, Ming, Chi Kuo, Apple's, Bourne Organizations: Service, Apple, Business, Wall Street Journal, Vision, Morningstar . Tech, Wedbush Securities, Bloomberg Locations: Luxshare

☆ Russia pushes 'new world order' agenda as it hosts beefed-up BRICS summit
▼ + stars: | 2024-10-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko | Via ReutersRussia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a "new world order" that challenges the West. Delegates listen on during the plenary session as Russian President Vladimir Putin delivers his remarks via video-link during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 23, 2023. "The countries in our association are essentially the drivers of global economic growth. Russian President Vladimir Putin (R) shakes hands with Iranian President Masoud Pezeshkian (L) during their meeting, October 11, 2024, in Ashgabat, Turkmenistan.

Persons: Vladimir Putin, Alexander Zemlianichenko, what's, Alet Pretorius, Putin, Michel Temer, Xi Jinping, Jacob Zuma, Narendra Modi, Wu Hong, Callum Fraser, Fraser, Russia's, Dmitry Peskov, Masoud Pezeshkian, Recep Tayyip Erdogan, Mahmoud Abbas, Antonio Guterres, It's, Masoud Organizations: Reuters, United Arab Emirates, America, U.S ., Afp, Getty, Tass, India's, CNBC, Royal United Services Institute, Global, Kremlin Locations: Moscow, Russia, Reuters Russia, Brazil, India, China, South Africa, Egypt, Ethiopia, Iran, Asia, Africa, U.S . Russian, U.S, West, Ukraine, Sandton, Johannesburg, South, Ashgabat, Turkmenistan, U.N

McDonald's shares dropped in premarket trading Wednesday morning after the Centers for Disease Control and Prevention said an E. coli outbreak linked to McDonald's Quarter Pounder burgers has led to 10 hospitalizations and one death. "Most" sick people reported eating a McDonald's Quarter Pounder, the CDC added. McDonald's shares dropped about 7% in trading before the market opened Wednesday. In a statement Tuesday, McDonald's said it is taking "swift and decisive action" following the E. Coli outbreak in certain states. McDonald's has instructed all local restaurants to remove slivered onions from their supply and has paused the distribution of that ingredient in the affected area.

Persons: McDonald's Organizations: Centers for Disease Control, Prevention, CDC Locations: Colorado and Nebraska, Colorado

☆ Big banks are bracing for losses as Americans struggle to pay off debt
▼ + stars: | 2024-10-21 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

American consumers and businesses are having a hard time paying off credit card, auto, and commercial real estate debt. Bank CEOs said on recent earnings calls that elevated prices and interest rates continue to weigh on Americans. According to Federal Reserve data, the past-due debt share for credit card, auto, and commercial real estate has recently risen to above pre-pandemic levels. That's because some loans are coming due — forcing businesses to refinance at much higher interest rates. The financial roller coaster of pandemic payments, whipsawing inflation, and high interest rates are especially affecting lower-income Americans.

Persons: —, Wells Fargo's, haven't, Bruce McClary, David Schiff, Schiff, Edmunds, Stephen Biggar, Biggar, Jane Fraser, Brian Moynihan, Charles Scharf, Wells, Jeremy Barnum, There's, I'm Organizations: Bank, Service, Federal Reserve, Business, Bank of America, JPMorgan, Citigroup, Bank of, New, Fed, National Foundation, Credit, Argus Research, Bank of America's Locations: Wells Fargo, delinquencies

☆ Los Angeles Dodgers defeat New York Mets in NLCS Game 6 to earn World Series berth
▼ + stars: | 2024-10-20 | by ( Jacob Lev | ) edition.cnn.com time to read: +4 min

CNN —The Los Angeles Dodgers are heading to the World Series for the first time since 2020 after a 10-5 win over the New York Mets in Game 6 of the NL Championship Series. THE LOS ANGELES DODGERS ARE THE 2024 NATIONAL LEAGUE CHAMPIONS! pic.twitter.com/Ewz1tkLmYX — Los Angeles Dodgers (@Dodgers) October 21, 2024Both teams wasted no time getting the scoring started. The Los Angeles Dodgers will face the New York Yankees in the World Series and aim win the eighth title in the franchise's history. I think this is what the baseball world wanted.”The Dodgers won the World Series four years ago and have won seven championships.

Persons: Tommy Edman’s, Michael Kopech, Pete Alonso, Chris Taylor, Francisco Lindor, Sean Manaea, Shohei Ohtani, Teoscar Hernandez, Edman, Anthony Banda, Jeff McNeil, Manaea, Phil Maton, Will Smith, Mark Vientos, Mark J, Terrill, Corey Seager, “, ” Edman, Dodger, Dave Roberts, “ We’ve, ” Roberts Organizations: CNN, Los Angeles Dodgers, New York Mets, Dodgers, Dodger, Mets, ANGELES DODGERS, LEAGUE, The Dodgers, Los, LA, New York Yankees, Louis Cardinals, Fox Sports, ” Dodgers, NL Locations: Los Angeles, New York

☆ One chip company's newest tactic to attract workers: Help pay off their student loans
▼ + stars: | 2024-10-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

AdvertisementWhen Morgan earned her bachelor's degree in 2018, she graduated with over $20,000 in student loan debt that she hoped to pay off by 2032. Morgan now expects to fully pay off her remaining $16,000 student debt balance by 2028 — four years earlier than planned. Morgan estimates that receiving student debt relief will allow her to pay off her loans four years ahead of schedule. MorganGlobalFoundries is betting that student debt relief will help it attract prospective employees and retain current workers. The company's student debt relief program is just another way it's trying to attract workers.

Persons: Chipmaker GlobalFoundries, —, Morgan, she's, they've, GlobalFoundries, it's, Morgan GlobalFoundries, Joe Biden, Raman, Biden, we've, Stephanie, It's Organizations: Service, Business, Semiconductor Industry Association, Oxford Economics, Nvidia, Bright, GlobalFoundries Locations: York, Malta, New York, Austin

☆ CVS replaces CEO as profits, share price suffer
▼ + stars: | 2024-10-18 | by ( Jacob Pramuk | Sara Salinas | ) www.nbcnews.com time to read: +2 min

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter. CNBC reported last month that CVS’ board had engaged strategic advisors to weigh its options, including the potential of a breakup of its insurance and retail businesses. Lynch also stepped down from the company’s board of directors this week, the company said Friday.

Persons: David Joyner, Karen Lynch, CVS, ” CVS, Joyner, Lynch, “, David, Roger Farah, Farah Organizations: CVS, Aetna, Glenview Capital, CNBC, CVS Health

☆ Former NFL quarterback Jay Cutler arrested and charged with DUI and gun possession
▼ + stars: | 2024-10-18 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Former National Football League (NFL) quarterback Jay Cutler was arrested and charged with driving under the influence and possession of a firearm, among other charges, after police say the car he was driving rear-ended another vehicle in Franklin, Tennessee, on Thursday. According to the police report, Cutler attempted to flee the scene after offering the other driver $2,000 not to call the police. Cutler was charged with DUI-first offense, failure to exercise due care to avoid a collision, implied consent, possession of a handgun-under the influence, according to police. Former NFL quarterback Jay Cutler arrested and charged with DUI and gun possession The Franklin Police DepartmentFranklin police say the 41-year-old was booked into the Williamson County Jail. In 2020, Cutler and then wife, reality TV star Kristen Cavallari, announced they would be getting divorced after 10 years together.

Persons: Jay Cutler, Cutler, Kristen Cavallari, Camden Jack, Jaxon Wyatt, Saylor James Organizations: CNN, Former National Football League, Franklin Police Department, Former NFL, Franklin Police Department Franklin, Vanderbilt University, Denver Broncos, Bears, Broncos, Miami Dolphins, NFL Locations: Franklin , Tennessee, Williamson, Denver, Chicago

☆ New York Mets offense comes alive to force Game 6 of NLCS against Los Angeles Dodgers
▼ + stars: | 2024-10-18 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

This time it was the New York Mets who bombarded the Los Angeles Dodgers 12-6 to force a Game 6 in the NLCS best-of-seven series. #NLCS pic.twitter.com/fx3DxklRzx — MLB (@MLB) October 19, 2024The Dodgers would tack on a run in the second inning but that did not stop the New York offense from continuing to pile on the runs. A five-run third inning had Mets fans turning the stadium into one big party as the lead increased to 8-1. The crowd couldn’t get comfortable as the Mets lead was down to four in the bottom of the sixth inning. New York Mets fan dressed as Grimace celebrates the team forcing a Game 6 in NLCS.

Persons: Mets ’, Pete Alonso, fx3DxklRzx, Andy Pages, David Peterson, Reed Garrett, Garrett, Ryne Stanek, Shohei, Mookie Betts, Brent Honeywell Jr, Jeff McNeil, Stanek, “ Let’s, Edwin Diaz, Ohtani, Betts, Diaz, Rob Tringali, “, ” Diaz Organizations: CNN, New York Mets, Los Angeles Dodgers, Mets, Citi Field, Queens, MLB, Dodgers, Dodger, Fox Sports Locations: New York, York, LA, Los Angeles

☆ CVS to replace CEO Karen Lynch with exec David Joyner as profits, share price suffer
▼ + stars: | 2024-10-18 | by ( Jacob Pramuk | ) www.cnbc.com time to read: +1 min

A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, comes as CVS shares have fallen nearly 20% this year. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter.

Persons: David Joyner, Karen Lynch, CVS Organizations: CVS, CVS Health Corp, Aetna Locations: Woonsocket , Rhode Island, U.S

☆ Los Angeles Dodgers take 2-1 NLCS lead after dominant Game 3 shutout of the New York Mets
▼ + stars: | 2024-10-17 | by ( Jacob Lev | ) edition.cnn.com time to read: +4 min

CNN —The Los Angeles Dodgers claimed a dominant 8-0 win over the New York Mets in Game 3 of the National League Championship Series (NLCS) on Wednesday to take a 2-1 series lead. After a scoreless first inning, the Dodgers jumped on Mets starting pitcher Luis Severino in the second. Los Angeles would add another run on a Tommy Edman sacrifice fly but a miraculous sliding catch by Mets outfielder Tyrone Taylor limited the damage to a 2-0 deficit. The Dodgers slugger hit a 410-foot three-run home run into the second deck in right field to give Los Angeles a 7-0 lead. Shohei Ohtani hits a three-run home run in the eighth inning to give the Los Angeles Dodgers a 7-0 lead.

Persons: Kiké Hernández, Luis Severino, Will Smith, Max Muncy, Tommy Edman, Tyrone Taylor, Walker Buehler, Francisco Álvarez, Francisco Lindor, Hernández, Ohtani, Shohei, Elsa, Getty, Lindor, visualizes ”, ” Hernández, I’ve, ” Buehler, Buehler Organizations: CNN, Los Angeles Dodgers, New York Mets, National League, Dodgers, Mets, Citi, Baltimore Orioles Locations: Shohei, Angeles, Los Angeles

☆ Tim Cook is having a great week as Apple stock hovers within reach of record high
▼ + stars: | 2024-10-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Analysts are optimistic about Apple's iPhone 16 sales going into the holiday season. Apple shares hit a record intraday high earlier this week. AdvertisementFall is shaping up to be good for Tim Cook as Apple rounds the corner into the holiday quarter. Analysts expect the rollout of Apple's AI features to drive iPhone demand into the holiday season. Apple Intelligence is expected to officially launch by the end of the month, and new Macs are reportedly on the way.

Persons: —, Tim Cook, Nabila Popal, Morgan Stanley, Bernstein, Cook, Jacob Bourne, Bourne, Erik Woodring, William Kerwin, Kerwin, TSMC Organizations: IDC, Apple, Service, Apple Intelligence, Wall Street, ISI, Forbes, Business, Morningstar Locations: China, Xiaomi, Indonesia

☆ America's chipmaking push will continue no matter who gets elected
▼ + stars: | 2024-10-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

US efforts to produce semiconductor chips will continue regardless of who wins the election. AdvertisementNo matter who wins the presidential election this November, President Joe Biden can rest easy knowing one thing: The US's chip manufacturing push isn't going anywhere. The US has seen its share of overall chip production fall from 37% of the world's supply in 1990 to 12%. While many factories remain under construction, the federal funding has already helped boost US chip production. According to a report published last year by the trade and lobbying group Semiconductor Industry Association and Oxford Economics, the US semiconductor industry will face a shortage of 67,000 workers by 2030, including technicians, computer scientists, and engineers.

Persons: Harris, Trump, —, Joe Biden, Biden, Kamala Harris, Donald Trump, Stephen Ezell, Anna Kelly, Kelly, Arizonans, Chris Miller, Mark Muro, Dylan Patel, SemiAnalysis, Ezell, Muro Organizations: Service, Trump, Information Technology, Innovation Foundation, ITIF's Center for Life Sciences, Biden, Republican, Intel, American Enterprise Institute, Brookings Metro, Apple, Nvidia, Democratic, Semiconductor Industry Association, Oxford Economics Locations: Arizona, USA, China, Taiwan

☆ Sabrina Ionescu plays hero as New York Liberty shock Minnesota Lynx in Game 3 of WNBA Finals
▼ + stars: | 2024-10-17 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

CNN —Sabrina Ionescu and the New York Liberty are one win away from claiming the franchise’s first WNBA title after a shocking 80-77 victory over the Minnesota Lynx in Game 3 of the finals on Wednesday, taking a 2-1 series lead. They found themselves down at halftime behind Lynx guard Kayla McBride, who finished the first half with 13 points. Halfway through the fourth quarter, the Liberty tied the game at 66 after Stewart knocked down a three. “We know we’re one game away from winning the championship, and I think that they are going to give us their best shot,” she said. The 2024 WNBA Defensive Player of the Year finished with 22 points and increased her postseason point total to 249.

Persons: Sabrina Ionescu, Ionescu, Kayla McBride, Breanna Stewart, Halfway, Stewart, Jonquel Jones, Napheesa Collier, Adam Bettcher, “, ” Ionescu, I’ve, ”, Collier, Diana Taurasi Organizations: CNN, New York Liberty, Minnesota Lynx, Target Center, Liberty, Lynx Locations: Minneapolis

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