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☆ Elon Musk's private jet has landed in Florida following report he'll be watching election results with Donald Trump
▼ + stars: | 2024-11-05 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +4 min

Donald Trump megadonor Elon Musk's private jet has landed in Florida. AdvertisementElon Musk's private jet has landed in Florida, where the billionaire will reportedly watch the election results roll in with Donald Trump at Mar-a-Lago. After flying from Austin to Cameron County, Texas — where SpaceX is located and Musk said he voted — earlier this afternoon, Musk's private jet landed in West Palm Beach, according to jet-tracking service Jetspy. On Tuesday, The New York Times reported that Musk, a Trump megadonor, was to spend election night with Trump, citing three sources with knowledge of Musk's schedule. Sweeney told Business Insider that Musk's jets were easily identifiable because Musk's jet continued broadcasting its call sign.

Persons: Donald Trump megadonor, Donald Trump, —, Musk, Trump, Elon Musk, Jack Sweeney, Sweeney Organizations: Donald Trump megadonor Elon, Mar, Trump, GOP, Service, Elon, SpaceX, The New York Times, Palm Beach Convention Center, Representatives, Musk, Business, PIA, Federal Aviation Administration, Republican Party, Musk's America PAC, PAC Locations: Florida, Austin, Cameron County , Texas, West Palm Beach, Palm Beach, Pennsylvania, New York City

☆ Dixville Notch, New Hampshire: Harris and Trump tie in midnight vote to kick off Election Day
▼ + stars: | 2024-11-05 | by ( Jack Forrest | ) edition.cnn.com time to read: +3 min

CNN —Vice President Kamala Harris and former President Donald Trump have tied with three votes each in the tiny New Hampshire township of Dixville Notch, kicking off Election Day in one of the first places in the country to report its presidential preference. By tradition, all eligible voters gather at the now-dormant Balsams Hotel in Dixville Notch to cast their secret ballots once polls open at midnight. Once every ballot is cast, votes are tallied and results announced – hours before anywhere else, making it a destination for national reporters, who often outnumber the voters. In January, four registered Republican voters and two independents participated in the GOP primary, casting six unanimous votes for former South Carolina Gov. CNN’s Gary Tuchman, Eva McKend, Ethan Cohen, Molly English, Gregory Krieg and Eric Bradner contributed to this report.

Persons: Kamala Harris, Donald Trump, Les Otten, that’s, ” Otten, “, haven’t, Aaron Sorkin’s “, ”, Joe Biden, Hillary Clinton, Gary Johnson, Nikki Haley, Harris, Trump, Sen, Kelly Ayotte, Joyce Craig, Chris Sununu, CNN’s Gary Tuchman, Eva McKend, Ethan Cohen, Molly English, Gregory Krieg, Eric Bradner Organizations: CNN, Democratic, Trump, GOP, South Carolina Gov, Republican, Republican Gov Locations: New Hampshire, Dixville, Canada, New, American, White, Manchester

☆ A couple renovating their new home found a body in the attic, reviving a 15-year-old mystery
▼ + stars: | 2024-11-05 | by ( Joshua Nelken-Zitser | Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A couple in France found human remains in their attic during home renovations. The bones likely belong to a former owner who went missing 15 years ago, a local prosecutor said. AdvertisementA couple were doing work on their recently purchased property in northeastern France when they made a chilling discovery — human remains in the attic. The property owners weren't named. AdvertisementHowever, Glady told AFP that the skeleton "very likely" belonged to the former homeowner, who disappeared in 2009 when he was 81.

Persons: —, Olivier Glady, Glady, Randall Bell, Experian, Benoit Vautrin, Républicain Lorrain, Aloïs Iffly Organizations: Service, Business, AFP, Landmark Research, Strasbourg Institute, Forensic Medicine, Local Locations: France, Erstroff

☆ Josh Stein will win North Carolina governor’s race, CNN projects
▼ + stars: | 2024-11-05 | by ( Arit John | ) edition.cnn.com time to read: +3 min

CNN —Democratic state Attorney General Josh Stein will win North Carolina’s gubernatorial race, CNN projects, defeating Republican Lt. Gov. Stein, who is currently serving his second term as attorney general, will become the state’s first Jewish governor. Though Democrats predicted a competitive race in the state, Robinson’s history of inflammatory comments ultimately doomed his campaign. Ahead of and after the story’s release, Robinson rejected calls from Republicans to drop out of the race. Born in Washington, DC, Stein’s family relocated to North Carolina when he was young.

Persons: Josh Stein, Mark Robinson, Stein, Roy Cooper, Robinson, ”, Pat McCrory, Sen, Thom Tillis, Adam Stein Organizations: CNN, Democratic, North, gubernatorial, Republican, Gov, Democratic Gov, Republicans, GOP, Dartmouth College, Harvard University Locations: Nazi, Washington ,, North Carolina, Greensboro, Parkland , Florida

☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

☆ Behind the Warner Bros. Discovery-Paramount deal that never was
▼ + stars: | 2024-11-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Zaslav wanted a deal to happen. The problem, per Paramount: Zaslav didn't want to write a big check to Paramount owner Shari Redstone. What wasn't well-known: Zaslav spent months hanging around the basket, hoping that he could somehow land a Paramount deal. AdvertisementA week later, Paramount says, Zaslav talked to Bakish and told him he'd still love to make a deal. AdvertisementSo here we are today, nearly a year after WBD and Paramount first discussed a deal.

Persons: David Ellison, Larry Ellison's, David Zaslav, Zaslav, Shari Redstone, —, Ellison, Larry, I've, WBD, Per, Bob Bakish, Bakish, he'd, Shari Redstone's, Paramount's Organizations: Paramount, Warner Bros ., SEC, Service, ers, Warner Bros Locations: writedowns, Zaslav

☆ Spain floods: Furious residents in Valencia feel abandoned after historic floods with more rain on the way
▼ + stars: | 2024-11-04 | by ( Atika Shubert | ) edition.cnn.com time to read: +10 min

Manu Fernandez/AP A woman embraces a member of the Emergency Military Unit in Sedavi on Sunday. Susana Vera/Reuters Heavy machinery is used to carry out repairs on the flood-damaged railway tracks in Sedavi on Sunday. Manu Fernandez/AP A firefighter checks inside a vehicle at a flooded garage in Alfafar on Saturday. Susana Vera/Reuters Emergency services workers survey a devastated street in Letur on Wednesday. Susana Vera/Reuters A man dumps floodwater out of his house in Utiel on Wednesday.

Persons: Teen, DANA Desaparecidos, DANA Desparecidos, Mila, Manu Fernandez, Nacho Doce, King Felipe, Pedro Sanchez, Carlos Mazon, ”, Eva Manez, Susana Vera, Manaure Quintero, Hugo Torres, Pablo Blazquez Dominguez, Angel Garcia, Bruna Casas, —, Alberto Saiz, Biel, David Ramos, La Torre, Ana Escobar, Ismael Herrero, Shutterstock, Doce, Jose Jordan, Blanca Ruiz, Carlos Calmaestra, Oscar Del Pozo, Eva Defez's, Mateo Villalba Sanchez, Víctor, Alba Lozano Asencio, Luciano Esguerra, DANA Desaparcideo, ” Asencio, “, Spain’s King Felipe, Queen Letizia, Margarita Robles, Pedro de Juan, it’s, Francisco Bosque, AENA, AEMET Organizations: Spain CNN, Emergency, Unit, Reuters Volunteers, Reuters, Getty, Volunteers, AP, Military Unit, Reuters Firefighters, Reuters Vehicles, Biel Alino, Firefighters, La Torre, AP Authorities, Wednesday, Europa Press, CNN, Spanish, Barcelona’s El Prat Locations: Valencia, Spain, Picanya, Silla, Catarroja, Sedavi, Massanassa, AFP, Benetusser, Alfafar, Paiporta, Chiva, Benetússer, La, Letur, La Torre, Godelleta, Utiel, Sedaví, L'Alcúdia, Spanish, Barcelona, Barcelona’s, Castellon, Alicante

☆ Apple has a new batch of AI features arriving in time for the holidays
▼ + stars: | 2024-11-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Apple is expected to expand Apple Intelligence with an iOS 18.2 update on December 2. Apple said it plans to build out Apple Intelligence over the next several months, with drops in December and April. Related Video How AI will change the iPhone and other Apple productsWith visual intelligence, Apple said iPhone 16 owners can use their new Camera Control button to get information on objects or places — or translate languages with AI. While its rivals have been quick to announce and launch their AI offerings, Apple is taking a slower approach. Apple Intelligence was announced at the Worldwide Developer Conference in June.

Persons: —, Apple, Siri Organizations: Apple, Apple Intelligence, Service, Bloomberg, Microsoft, Meta, Worldwide, Conference

☆ Banks and the federal government point fingers as Americans lose billions to online scams
▼ + stars: | 2024-11-03 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

The American Bankers Association is urging federal action on online financial fraud. Banks and the federal government are in a similar situation, pointing to each other to solve the problem of online financial scams. For its part, the government wants banks to take on more responsibility, and more consistently refund their customers who fall victim to online scams. According to the Federal Trade Commission, consumers reported more than $10 billion in losses last year from online scams. He also said that the government should create "financial crimes intelligence centers."

Persons: Banks, ABA's, —, It's, Rob Nichols, Nichols, Forbes, JP Organizations: American Bankers Association, Service, Federal Trade Commission, Consumer Financial Protection Bureau, JP Morgan, Bank of America, FTC Locations: Wells Fargo, Texas

☆ 7 major US cities where homes are both affordable and easy to find
▼ + stars: | 2024-11-03 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Home transaction activity is up since mortgage rates are down from their peak. The US housing market perked up after mortgage rates plunged from their mid-summer peak through mid-September, even though they've experienced a remarkable resurgence since then. Pending home sales rose 7.4% in September, which was the largest leap since the spring, a late-October report from the National Association of Realtors found. "Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady." 7 affordable cities with home inventoryEven though homeowners have been reluctant to give buyers a discount, there are still places where aspiring proprietors can find fair deals.

Persons: —, they've, Lawrence Yun, Realtor.com, Ralph McLaughlin Organizations: Service, National Association of Realtors Locations: Realtor.com

☆ La Dolce Vita Orient Express: Eat your way around Italy in style
▼ + stars: | 2024-11-02 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. La Dolce Vita Orient ExpressNew details have been teased about the hotly anticipated La Dolce Vita Orient Express train and the upcoming Orient Express hotels in Rome and Venice, the first for the relaunched brand. The brand’s first Orient Express hotel will be the Orient Express La Minerva in Rome, followed by Orient Express Palazzo Donà Giovannelli in Venice. That follows the international gang-bust in France and Italy last month over counterfeit French wine being sold for $16,000 per bottle. In Japan, the alcoholic drink doburoku was once illegal “moonshine,” but this once controversial drink is now making a comeback.

Persons: Heinz Beck, Nizza, Giovannelli, Fraudsters, doburoku, poitín, There’s Organizations: CNN, Vita Orient, Vita Orient Express, Orient Express, Montalcino, Orient, Carolina, Fuji, Delta Air Lines Locations: Antarctica, Rome, Venice, Italy, Da Nang, Hue, France, Japan, Ireland, Germany, Turkey, Antalya, Western, North Carolina, Hurricane, French

☆ This tactic to avoid income taxes without moving to Florida could surge thanks to a 'silver tsunami'
▼ + stars: | 2024-11-02 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Dan Griffith of Huntington Bank expects ING trusts will surge in popularity with dealmaking on the rebound coinciding with a "silver tsunami." However, Wyoming and South Dakota are also options as they do not tax trust income or capital gains and protect trust assets from creditors. "This can apply even if they don't live in a state with a state income tax." Since beneficiaries do have to pay state income taxes — if applicable — when they receive distributions. ING trusts cannot be used to defer income taxes on salaries or income from tangible assets in the state.

Persons: —, Dan Griffith, dealmaking, You've, Griffith, Bank of America's Timothy Herbst, It's, it's, Bob Lord, They're, Steve Oshins, Herbst, Oshins Organizations: Service, Huntington Bank, ING, Bank of America's, Patriotic Millionaires Locations: Florida, Texas, Nevada, York, California, North Carolina, Delaware, , Wyoming, South Dakota, Oregon, Ohio

☆ DOJ and FBI's limited scope on election lies and Obamacare for DACA recipients: Morning Rundown
▼ + stars: | 2024-11-01 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +7 min

The DOJ and FBI are preparing to combat election lies but have limited authority. Affordable Care Act coverage is available for DACA recipients for the first time. For the DOJ that means setting up an Election Threats Task force, focusing on the prosecutions of people who threaten election officials. To understand how that might play out, NBC News interviewed current and former Justice Department and FBI officials, as well as legal experts. For many DACA recipients who are unable to get job-based health insurance, a lack of access to government-funded programs meant their insurance options were limited or too expensive.

Persons: Donald Trump, “, ”, —, Trump, don’t, Read, Helene, Milton, Sarahi, Young Thug, Georgia’s, Sean “ Diddy ” Combs, Nicole MacDonald, isn’t, Biden, they’d, — Rich Bellis, Elizabeth Robinson Organizations: DOJ, FBI, Affordable, Trump, Justice Department, NBC News, Boeing, of Labor Statistics ’, University of Washington, Republican, Atlanta, NFL, NBC Locations: U.S, Swedish

The fee turned up in September 2019, after Trump placed 25% tariffs on steel, and hasn’t gone away since. So far, the tariffs in force under both White Houses have cost Americans $79 billion, the nonpartisan Tax Foundation estimated this summer. The nation’s roughly 33 million small businesses employ nearly half the nation’s workers and generate more than 43% of the gross domestic product, the U.S. Chamber of Commerce estimates. “Whether we like it or not, Asia is the bike manufacturing hub of the world,” said Zagata, who raised prices by between 18% and 22% after the Trump tariffs took hold. San Diego-based entrepreneur Nichole MacDonald said profit margins for her patented, 10-pocket Sash Bag have been thinning in recent years as material and freight costs have jumped, and tariffs aren’t helping.

Persons: Donald Trump, Chris Smith, Trump, hasn’t, Smith, ”, Biden, —, who’ve, Erica York, Julia Demaree Nikhinson, they’re, Jonathan Gold, Gold, “ they’ve, Ryan Zagata, Zagata, he’d, Felix Tintelnot, Trump’s, ” Trump, Brian Hughes, Nichole MacDonald Organizations: Virginia Beer Co, Constellation Brands, Corona, Trump, Foundation, Tax, National Retail Federation, U.S . Chamber, Commerce, Brooklyn Bicycle Co, GOP, Duke University, “ Locations: Williamsburg , Virginia, U.S, China, Modelo, Mexico, New York City, Asia, York, Germany, Diego, India

☆ Passing down an inheritance? Here's how to handle these 4 complicated assets — including houses and retirement funds
▼ + stars: | 2024-11-01 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Beware of legal and tax complications for common assets such as houses and retirement funds. You can also liquidate the business, which will convert business assets into cash. Like a family business, these assets might have a lot of sentimental value but might not be easily passed down. Donating collections can be an effective way to circumvent capital-gains and estate taxes. Confront disagreements about assets like a house early on, and provide details about complex assets like a family business.

Persons: —, who've, Snow, who's, They'll, Roth, We've Organizations: Service, Business, Cresset

Peloton announced that Ford executive Peter Stern will join the company as its new CEO. The fitness company is betting Stern can help turn things around. He's expected to focus on trimming spending and retaining current Peloton subscribers. Peloton announced in May 2024 that CEO Barry McCarthy would be stepping down. McCarthy's departure came as the fitness company announced it was cutting around 15% of its workforce.

Persons: Peter Stern, Stern, —, Simeon Siegel, Neil Saunders, Saunders, Siegel, Scott Markman, Barry McCarthy, Everest Organizations: Ford, Service, Capital Markets, GlobalData, Apple

☆ Thanksgiving box office showdown shows importance of premium screens
▼ + stars: | 2024-11-01 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

All three titles are expected to thrive at the box office, both during their openings and as they run through the rest of the year. The physical screens are often bigger than traditional movie screens or have auditoriums that feature higher-quality sound systems or seating options. These screens account for 9.1% of the domestic box office, around $600 million in 2024. PLF receipts still represent a small portion of the overall box office, with most audiences seeing films on traditional digital screens. However, it's no small feat that PLF box office has grown 33% in just five years.

Persons: Shawn Robbins, Lars Niki, Paul Dergarabedian, Steve Buck, Buck, Oppenheimer, Adam Jeffery Organizations: Paramount, Disney, Hollywood, Getty, National Association of Theatre, Warner Bros, CNBC Locations: New York City, North America, Square, NYC

☆ I live in Valencia, Spain, where flooding has taken over 100 lives. I can hardly believe what's happened here.
▼ + stars: | 2024-11-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Jesús Lucero Ezquerro, who lives in Valencia, was in disbelief when he saw the damage from floods. AdvertisementThis as-told-to essay is based on a conversation with Jesús Lucero Ezquerro, 28, who lives in the Poblats Marítims district of Valencia, Spain. AdvertisementCars were on top of each other, says Jesús Lucero Ezquerro, as he discovered the damage left by the storm in Valencia. Jesús Lucero Ezquerro said he and his friends helped clear the streets of Valencia. Courtesy of Jesús Lucero EzquerroLeft behindI am frustrated and angry.

Persons: Jesús Lucero Ezquerro, Ezquerro, —, I've, Jesús Lucero, Milton, Hurricane Milton, it's Organizations: Service, Hurricane Milton, Hurricane, Spanish Meteorological Agency Locations: Valencia, Marítims, Spain, Florida, Tampa

☆ After six years of tariffs, small-business owners aren't eager for more
▼ + stars: | 2024-11-01 | by ( Alexandra Byrne | ) www.cnbc.com time to read: +9 min

The fee turned up in September 2019, after Trump placed 25% tariffs on steel, and hasn't gone away since. Small-business owners have already been facing tariffs on billions of dollars of goods, most of them from China, implemented by Trump in 2018. So far, the tariffs in force under both White Houses have cost Americans $79 billion, the nonpartisan Tax Foundation estimated this summer. The nation's roughly 33 million small businesses employ nearly half the nation's workers and generate more than 43% of the gross domestic product, the U.S. Chamber of Commerce estimates. "Whether we like it or not, Asia is the bike manufacturing hub of the world," said Zagata, who raised prices by between 18% and 22% after the Trump tariffs took hold.

Persons: Donald Trump, Chris Smith, Trump, hasn't, Smith, Biden, —, who've, Erica York, they're, Jonathan Gold, Gold, they've, Ryan Zagata, Zagata, he'd, Felix Tintelnot, Trump's, Brian Hughes, Nichole MacDonald, MacDonald, Kamala Harris, it's, Sara Hauman, isn't, doesn't Organizations: Albuquerque, Virginia Beer Co, Constellation Brands, Corona, Trump, Foundation, Tax, National Retail Federation, U.S . Chamber, Commerce, Brooklyn Bicycle Co, GOP, Duke University Locations: Albuquerque , New Mexico, Williamsburg , Virginia, U.S, China, Modelo, Mexico, New York City, Asia, York, Germany, Diego, India, America, Portland , Oregon, West Coast

☆ Passing down an inheritance? Here's how to handle these 4 complicated assets — including houses and retirement funds.
▼ + stars: | 2024-11-01 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

A way to get around this is to split the overall estate balance equally instead of divvying up individual assets, Snow recommended. You can also liquidate the business, which will convert business assets into cash quickly. AdvertisementSimilar to a family business, these assets might hold a lot of sentimental value but might not be easily passed down. Donating collections can be an effective way to circumvent capital gains and estate taxes. Confront potential disagreements over assets like a house early on, and make sure to provide details on complex assets like a family business.

Persons: —, Snow, who's, They'll, Roth, We've Organizations: Service, Business, Cresset

☆ Why this Bitcoin bar wants to turn Donald Trump and Kamala Harris into crypto fans
▼ + stars: | 2024-11-01 | by ( Kaan Oguz | ) www.cnbc.com time to read: +1 min

New York City bar PubKey made a name for itself within the crypto community as a meeting place for Bitcoin enthusiasts, advocates and industry members. In the 2024 election, its owners are hoping the bar will play a pivotal role for political candidates looking to reach crypto-focused voters. Former President Donald Trump, who touts himself as a pro-crypto presidential candidate, made a campaign stop to buy burgers in bitcoin and speak with members of the community. PubKey also extended an invitation to Vice President Kamala Harris, who recently said she would support innovation in digital assets. Watch the video above to learn how PubKey hopes to court presidential candidates and reach crypto voters.

Persons: PubKey, Donald Trump, Gary Gensler, Kamala Harris Organizations: SEC Locations: York City, bitcoin, Nashville , Tennessee

☆ A Swedish gummies craze is taking over the candy world
▼ + stars: | 2024-10-31 | by ( Natalie Bennett | Natalie Bennett Is A Segment Producer For Nbc News. | ) www.nbcnews.com time to read: +6 min

“Since everyone’s obsessed with Swedish candy in New York, let’s go to Bon Bon!” creator Beca Michie said, standing outside the pink awning of Bon Bon Swedish Candy. Welcome to the Swedish gummies craze that has swept the U.S. Bon BonThe platform is alive with videos of people displaying their colorful Swedish candy hauls. “This highly anticipated Swedish candy shop is finally open in the West Village,” creator Becca Schneider said about Lil Sweet Treat. Bon Bon, which opened in 2017, now has four locations that stay open until midnight, as well as a booming website. Courtesy Elly RossAside from TikTok, candy experts said there could be another reason gummies are having a moment -- increased cacao prices.

Persons: let’s, Bon, Beca Michie, Bon Bon, Becca Schneider, Lil Sweet Treat, Leo Schaltz, ” Schaltz, Schaltz, Bon Bon's, Selim Adira, Robert Persson, Bon Bon Schaltz, “, TikTok, ” Elly Ross, Elly Ross, they’re, haven’t, ”, Lil Sweet, Sweet Treat, ” Ross, Issy Victoriano, Ross, I’ve, David Branch, “ It’s Organizations: Brooklyn, Wells, Food Institute, Commodities Locations: Brooklyn , New York, Swedish, United States, New York, Bon, Bon Bon Swedish, West, U.S, Sweden, American, “, Germany, Spain

☆ What a trip to Georgia's 'Seoul of the South' says about the Asian American vote
▼ + stars: | 2024-10-31 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +2 min

In 2020, Asian American turnout in Georgia surged by 84% compared with the previous presidential election, playing a larger role than ever in an election that Joe Biden won by a very narrow margin. And much has been made of the local Asian community since then. Many are also newer immigrants, so specific ethnicity — Korean or Vietnamese, for example — is more of an identity than simply being Asian American. “National identity matters a lot more than their pan ethnic or racial identity,” said Karthick Ramakrishnan, founder of AAPI Data, a research group. Many Asian Americans are small-business owners or work in health care or the service industry or for international companies.

Persons: Joe Biden, Chris Suh, ”, Karthick Ramakrishnan, Johnie Tran, Simona Li, Elijah Nouvelage, Phi Nguyen, “, Donald Trump, whittle, Kamala Harris ’, carmaker Kia Organizations: Emory University, AAPI, NBC News, Democratic, Gwinnett, Buford Locations: Georgia, Gwinnett, Atlanta, Duluth, Atlanta’s, “ Seoul, Suwanee, Lawrenceville, Korean

☆ Clorox CEO describes comeback process after massive cyberattack
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Thursday interview with CNBC's Jim Cramer, Clorox CEO Linda Rendle detailed how her company managed to recover after a cyberattack last year disrupted production and seriously hurt business. Rendle discussed the serious nature of the attack, saying the company was "operating in manual mode for nearly two months" and added that Clorox lost about a third of its distribution and market share. Its cat litter brand, Fresh Step, was hit particularly hard as cat owners who switched brands due to shortages were reluctant to switch back. But Rendle said the cat litter business has been on the rebound, regaining much of its lost market share, but admitted that "we have a lot more work to do in that category." She also expressed gratitude towards retailers who worked with Clorox during that time and added that these partnerships are stronger coming out of the attack.

Persons: CNBC's Jim Cramer, Linda Rendle, Rendle, Clorox Organizations: Clorox

☆ UK businesses warn Labour government's tax-raising budget will hurt hiring and boost inflation
▼ + stars: | 2024-10-31 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty ImagesLONDON — British businesses are smarting after Finance Minister Rachel Reeves' bumper tax-rising budget, with analysts warning that the measures could slow hiring and push up inflation. Under the new rules, employer NI will rise by 1.2 percentage points to 15% from April 2025, while the level at which employers start paying NI for workers will drop from £9,100 to £5,000. Rain Newton-Smith, chief executive of the Confederation of British Industry, a business interest group, described it as a "tough budget for business." That is because businesses could pass on the additional costs to consumers by increasing the price of their products.

Persons: Rachel Reeves, Reeves, —, Roger Barker, Barker, Mike Kemp, Andrew Martin, Newton, Smith, Morgan, Andrew Sheets, CNBC's, Morgan Stanley Organizations: Bloomberg, Getty, LONDON, National Insurance, Labour, Conservative, Institute of, Institute of Directors, of British Industry, Corporation, Insurance, CNBC, Bank of, Morgan Locations: London, City of London, United Kingdom

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