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☆ Private sector has a large role to play in climate finance, GenZero CEO
▼ + stars: | 2024-11-15 | 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 EmailPrivate sector has a large role to play in climate finance, GenZero CEOFrederick Teo, GenZero CEO, says climate financing can't be solved just by public finances.

Persons: Frederick Teo

☆ Urban areas are getting hotter. A startup from one of the world’s hottest cities wants to help
▼ + stars: | 2024-11-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

The urban heat island effect means that city temperatures can be several degrees higher than nearby rural regions. But detailed information about urban temperatures is scarce. Today, his company FortyGuard is focused on leveraging data and artificial intelligence (AI) technology to provide a detailed view of urban temperature dynamics. Ren said what’s most important about urban heat information is how it will be used. “The question is really, who will be the end user of your data, and who will put such urban heat information into their practices?” she says.

Persons: Jay Sadiq, Sadiq couldn’t, Smith, ”, James Voogt, Chao Ren, Sadiq, ” Sadiq, Brandon Bell, Zillow, Ren Organizations: CNN, University of Western, University of Hong, United Arab, Google Locations: Chicago, Los Angeles, Abu Dhabi, Lafayette Reservoir , California, University of Western Ontario, Hong Kong, University of Hong Kong, San Jose , California, Phoenix , Arizona, Masdar City, United Arab Emirates

☆ 'Political malpractice' if Trump undoes climate-geared Biden projects, outgoing U.S. energy secretary says
▼ + stars: | 2024-11-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

U.S. Secretary of Energy Jennifer Granholm speaks to the media on day five at the UNFCCC COP29 Climate Conference on November 15, 2024 in Baku, Azerbaijan. A potential decision by Donald Trump to walk back the Biden administration's climate-geared projects would impact jobs in areas governed by the President-elect's own party, outgoing U.S. Energy Secretary Jennifer Granholm told CNBC, urging consistency in Washington's green transition policies. "We are now building all of these projects. We're building batteries for electric vehicles, we're building the vehicles, we're building the offshore wind turbines, we're building the solar panels. When asked for a response on Granholm's comments, Karoline Leavitt, a spokeswoman for Trump's transition team, said the president-elect will "deliver" on the promises he made on the campaign trail.

Persons: Energy Jennifer Granholm, Donald Trump, Jennifer Granholm, Trump's, Granholm, CNBC's Dan Murphy, Joe Biden's, Law —, Karoline Leavitt Organizations: Energy, Conference, Biden, U.S . Energy, CNBC, Law, Republican Locations: Baku, Azerbaijan, Paris, U.S, Washington

☆ ADB discusses $120 billion cumulative climate finance target for 2030
▼ + stars: | 2024-11-15 | 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 EmailAsian Development Bank's Kubo discusses the $120 billion cumulative climate finance target for 2030Toru Kubo, senior director for climate at Asian Development Bank, says "we've been doing everything we can" to mitigate and adapt solutions to the most vulnerable countries.

Persons: Bank's Kubo, Toru Kubo, we've Organizations: Asian Development Bank

☆ A tough week for stocks may soon force us to act. Here's where we would look to buy first
▼ + stars: | 2024-11-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Markets sink: Stocks are taking it on the chin Friday, capping off a week in which the S & P 500 fell about 2%. Bright spots : The two best-performing S & P 500 sectors this week are financials and energy. Health care was far and away the worst-performing group in the S & P 500. Next week: There's 11 companies in the S & P 500 reporting next week. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, There's, Donald Trump's, Jerome Powell, Trump, –, Morgan Stanley, Wells Fargo, Robert F, Kennedy Jr, Eli Lilly, we'll, Stanley Black, Decker, Jim Cramer's, Jim Organizations: CNBC, Traders, – BlackRock, Energy, Coterra Energy, Disney, Department of Health, Human Services, pharma, Nvidia, Walmart, Viking Holdings, TJX Companies, Palo Alto Networks, Target, Williams, Club, BJ's, Ross Stores, Baidu, PDD Holdings, GE Healthcare, Jim Cramer's Charitable Locations: Wells Fargo, Sonoma, Snowflake, Palo Alto

☆ World’s largest olive oil producer says ‘liquid gold’ prices on track to halve from record levels
▼ + stars: | 2024-11-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Elvis Barukcic | Afp | Getty ImagesSpain's Deoleo, the world's largest olive oil producer, says one of the most challenging moments in the industry's history appears to be drawing to a close, with "liquid gold" prices expected to nearly halve from an all-time high over the coming months. Extra virgin olive oil prices in Spain's Andalusia stood at 6 euros ($6.33) per kilogram as of Nov. 6, according to Expana, an agricultural and food-focused market intelligence firm. Spain accounts for more than 40% of the world's olive oil production, making it a global reference for prices. A person holds a bottle of olive oil on June 21, 2024, in Barcelona, Catalonia, Spain. Deoleo said olive oil prices should fall to around 5 euros per liter, a steep drop from highs of 9 to 10 euros, which had become the norm in Spanish supermarkets this year.

Persons: Elvis Barukcic, Miguel Ángel Guzmán, Guzmán, Carbonell, Deoleo, Kyle Holland, Expana's Holland Organizations: Afp, Getty, CNBC, Europa Press, Anadolu Locations: Bosnian, Herzegovinian, Ljubuski, Capljina, Europe, Spain, Greece, Tunisia, Spain's Andalusia, Barcelona, Catalonia, Turkey, Menemen Plain, Izmir, Turkiye

☆ It’s not just Democrats. Republicans are working to Trump-proof their climate money
▼ + stars: | 2024-11-15 | by ( Ella Nilsen | Renée Rigdon | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden’s climate law is on the chopping block as Republicans prepare to have full control in Washington. But it’s not just Democrats gearing up to protect the Inflation Reduction Act’s clean energy policies. In other words, if Republicans successfully repeal Biden’s climate and clean energy law, their districts stand to lose the most. Conservative groups and companies who are using the clean energy tax credits are already starting to lobby lawmakers to save them. “To demonstrate that these tax credits are really a net profit for the economy, that really is the name of the game.”

Persons: Joe Biden’s, it’s, Donald Trump, Buddy Carter, Trevor Houser, Trump gunning, ” Houser, Carter, Mike Johnson, Johnson, “, ”, Richard Hudson —, —, Adrian Deveny, they’ll, Heather Reams Organizations: CNN, Republican, ” Republican, Republicans, Massachusetts Institute of Technology, Congressional Republicans, Trump, Hyundai EV, Hyundai, North Carolina Rep, Toyota, MIT, Climate Vision, Conservative, Citizens, Responsible Energy Solutions Locations: Washington, Georgia, Carter’s Georgia

☆ 'Political malpractice' if Trump undoes Biden climate commitments: Energy Secretary Granholm
▼ + stars: | 2024-11-15 | 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 Email'Political malpractice' if Trump undoes Biden climate commitments: Energy Secretary GranholmU.S. Energy Secretary Jennifer Granholm speaks to CNBC at the COP29 climate summit.

Persons: Trump, Granholm, Jennifer Granholm Organizations: Biden, Energy, Granholm U.S, CNBC

☆ Trump called the climate crisis a scam. It could prove a gift to China.
▼ + stars: | 2024-11-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

AdvertisementPresident-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a "scam" and accusing policies to tackle the crisis of destroying US jobs. AdvertisementChina, as part of its "Belt and Road" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms. AdvertisementThe US lags China as a clean tech economic power. There are also doubts over how much China is willing to take an international leadership role on climate issues. Assuming a leadership role would likely require China to send money to other countries, said Crowther.

Persons: Donald Trump, —, Herbert Crowther, we're, Lily McElwee, Xi Jinping, Trump, Daniel Araya, Biden, Joe Biden's, Crowther, Xi Organizations: Service, Eurasia Group, Business, Biden, China Studies, Center for Strategic, International Studies, Trump, Getty, Brookings Institute, International Energy Agency, Reuters Locations: Paris, China, New York, Baku, Azerbaijan, Washington ,, Beijing, United States, Gansu Province, Washington , DC, Brazil

☆ McDonald's wants to make flatulent cows less of a problem for the environment
▼ + stars: | 2024-11-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Burgers at McDonald's could soon involve fewer greenhouse gas emissions thanks to a new cattle feed. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. McDonald's is working with seed company Syngenta and Lopez Foods, one of McDonald's meat suppliers, to feed cattle Syngenta's Enogen corn, the companies said in a statement on Thursday. Related Video How McDonald's is using data and its loyalty program to make new promotions like the adult Happy MealThat easy digestibility could mean fewer greenhouse gases, which contribute to global warming. McDonald's global sales were down during the company's third quarter as many consumers saved money by eating at home.

Persons: chow, Syngenta, Lopez, Enogen, McDonald's, It's, McDonald's Kendra Levine Organizations: Service, Mac, Lopez Foods, Environmental Protection Agency, Sustainability, McDonald's Locations: McDonald's

After Republican President-elect Donald Trump’s dramatic performance with Latino voters, a coalition of Democratic-leaning Latino groups is grappling with the shift and trying to reconcile it with the policies they say many Hispanics support. Along with UnidosUS, Latino-focused advocacy groups such as Voto Latino, Somos Votantes, Hispanic Federation and La Brega y Fuerza Fund sponsored a poll of Latino voters. The coalition rejected national exit poll findings showing that Trump won the majority of Latino men — 55% — to Harris’ 43%. Edison Research, which conducts national exit polling for NBC News and other news organizations, surveyed 2,750 Latino voters nationally. Thirty-seven percent of male participants in exit polling identified as white, while 6% identified as Latino in the Latino groups’ poll.

Persons: Donald Trump’s, —, Clarissa Martinez de Castro, Kamala Harris, ” Martinez de Castro, ”, Somos, Donald Trump, Anna Moneymaker, Martinez de Castro, Trump, Harris, Matt Barreto, “, Rob Farbman, Latinas, Joe Biden, Starr County, Gary Segura, ” Segura, Barreto, Carlos Odio, Vanessa Cardenas, ” Cardenas Organizations: Republican, Democratic, Democratic Party, Latino, UnidosUS, Republicans, Hispanic Federation, Brega, Fund, American Civil Liberties Union, Advancing Justice, Climate Power, Nations Development Institute, Trump, Harris ’, BSP Research, African American Research, Harvard University, American, NBC, Edison Research, NBC News, Edison, Biden, Dade, Equis Research, America’s Locations: Doral, Fla, Miami, Florida, South Texas, Rio Grande, Starr, U.S

☆ Tampa Bay Rays will play their home games at the Yankees' spring training field
▼ + stars: | 2024-11-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

ST. PETERSBURG, Fla. — The Tampa Bay Rays will play their 2025 home games at the New York Yankees’ nearby spring training ballpark amid uncertainty about the future of hurricane-damaged Tropicana Field, Rays executives said on Thursday. “It is singularly the best opportunity for our fans to experience 81 games of major league Rays baseball,” Sternberg said. “As difficult as it is to get any of these stadiums up to major league standards, it was the least difficult. Once known as Legends Field, Steinbrenner Field opened in 1996 on Tampa’s north side. The Tampa Tarpons, one of the Yankees minor league teams, play their home games at Steinbrenner Field during the summer.

Persons: Stuart Sternberg, Steinbrenner, it’s, ” Sternberg, Rob Manfred, George M, Brian Spurlock, ” Manfred, Hurricane Milton, Brian Auld, ” Auld, ’, George Steinbrenner, Hal Steinbrenner, Sternberg, “, ” Hal Steinbrenner, Milton, ” Organizations: Tampa Bay Rays, New York Yankees, Tropicana, Rays, Major League Baseball, ” Baseball, Getty, League Baseball’s, Hurricane, Historic Gas Plant, American League East, Yankee, Tampa, MLB, Colorado Rockies, Yankees, Steinbrenner, Hurricanes Locations: PETERSBURG, Fla, —, Tampa, Florida, Tampa Bay, Tampa , Fla, St . Petersburg, Bronx, Tampa’s

As a result, there have been no improvements in the preterm birth rate in the last 10 years. Last year, the preterm birth rate was 10.4%. In 2013, the preterm birth rate was 9.8%. Wheeler was not involved with the March of Dimes report. Women with diabetes had a preterm birth rate of 28.8%, and it was nearly the same, 23.3%, among women who had high blood pressure.

Persons: Sarahn Wheeler, Wheeler, Amanda Williams, Williams, ” Organizations: Dimes, U.S, Duke University Medical Center, OB Locations: U.S, Durham , North Carolina, Alabama , Arkansas, Georgia, Louisiana , Mississippi, South Carolina

☆ Indonesia’s Argo Wilis Panoramic offers a scenic ride through Java
▼ + stars: | 2024-11-14 | by ( Leyla Rose | ) edition.cnn.com time to read: +8 min

This is the view from the Argo Wilis Panoramic, a bright and airy carriage on the Argo Wilis train. The Argo Wilis Panoramic carriage sits idle in Surabaya Gubeng Station. “For example, the Argo Wilis is named after a non-active volcano in East Java,” explains a railway guard. As well as the Argo Wilis Panoramic, there is also the Argo Parahyangan Panoramic and the Pangandaran Panoramic running back and forth between Jakarta and Bandung. If you’re traveling west on the Argo Wilis Panoramic, it’s worth exploring Bandung, where the train terminates.

Persons: Josh Edwards, KAI, ”, Argo, Yogyakarta Josh Edwards, There’s, It’s, Siripong, Parahu, Ismail Rajo, “ Organizations: CNN, Argo, Solo, KAI, UNESCO, Heritage, ” Locations: Surabaya, East Java, Bandung, West Java, Southeast Asia, Indonesia, Java, Surabaya Gubeng, Sumatra, Sulawesi, Jakarta, Yogyakarta, Borobudur, Asia, Indonesia’s, Central Java, Surakarta, Pasar, Sukuh, Mt Lawu, Nature, Ismail, Paris, ” Bandung, British

The Oklahoma school district where a transgender student died this year after an altercation in a bathroom violated federal law by mishandling sexual harassment allegations, according to an investigation by the federal Education Department. The department’s Office of Civil Rights opened an investigation into Owasso Public Schools in March following a complaint from the Human Rights Campaign, the country’s largest LGBTQ advocacy organization. A photograph of Nex Benedict is projected at a candlelight service in Oklahoma City on Feb. 24. The department said the district failed to respond to sexual harassment allegations repeatedly over three years, in violation of Title IX regulations that were implemented in 2020. The new regulations require district staff members to explain the process to file Title IX complaints or promptly contact complainants to discuss supportive measures like counseling or schedule changes.

Persons: Nex Benedict, Nate Billings, Benedict, Sue, “, ”, Jordan Korphage, Margaret Coates, ” Coates, ” Kelley Robinson, ” Robinson Organizations: federal Education Department, Civil Rights, Owasso Public Schools, Human Rights, HRC, Owasso High, The Oklahoman, USA, U.K, Education Department, Owasso Public, District Locations: Oklahoma, Oklahoma City, America

☆ Trump may cede global climate leadership to China
▼ + stars: | 2024-11-14 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

After a campaign featuring promises to slash landmark climate legislation, and a first term record that included pulling the U.S. out of the Paris climate agreement, President-elect Donald Trump's win casts a shadow of doubt over the world of global climate policy. As an isolationist, Trump-led American foreign policy cedes global leadership on the issue, an increasingly willing China can assume the spot instead. Ceding global climate leadership to China "would be a mistake"China is looking to "play a more proactive role internationally on climate change," said Joanna Lewis, an associate professor at Georgetown University and expert in international climate policy. But "it would be a mistake for the United States to completely cede not just [its] leadership role on climate change. But the development of low carbon technologies, that's really the area that has been particularly competitive between China and the United States," said Lewis.

Persons: Donald Trump, Xi Jinping, Donald Trump's, Trump, Joanna Lewis, Lewis, Joe Biden Organizations: European Union, Republicans, United Nations, BMO Capital Markets, Georgetown University Locations: Osaka, Japan, Paris, China, United States

☆ Scientists discover the world’s largest coral — so big it can be seen from space
▼ + stars: | 2024-11-14 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

The world’s largest coral has just been discovered in the southwest Pacific Ocean, scientists announced Wednesday. It’s three times larger than the previous record-breaker in American Samoa, according to Pristine Seas, and longer than a blue whale, the planet’s biggest animal. Steve Spence/National Geographic Pristine SeasA diver swims alongside the mega coral, which is made up of nearly 1 billion polyps. “Making a discovery of this significance is the ultimate dream,” said Paul Rose, a National Geographic Pristine Seas expedition leader. Yet while the mega coral remains vulnerable, he believes its health and longevity do provide a glimmer of hope.

Persons: CNN CNN —, “, ”, Enric Sala, Manu San Félix, It’s “, Steve Spence, Féliz, it’s, Paul Rose, Dennis Marita, Sala, Derek Manzello, Manzello, Emily Darling, Darling, ” Sala Organizations: CNN CNN, National Geographic, Geographic, Ministry of Culture, Tourism, National Oceanic, Atmospheric Administration, International Union for Conservation, Reef, CNN, Wildlife Conservation Society, COP29, UN Locations: Ocean, Solomon Islands, American Samoa, Solomon, Indonesia, Philippines, Baku, Azerbaijan

☆ India’s central bank chief warns growing risk of global inflation returning
▼ + stars: | 2024-11-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Shaktikanta Das, governor of the Reserve Bank of India (RBI), during an event at the Peterson Institute of Economics (PIIE) during the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, Oct. 25, 2024. Central banks have managed to engineer a soft landing through a period of "continual and unprecedented shocks," but there is still a risk of global inflation returning and of economic growth slowing down, according to India's central bank chief. Speaking Thursday in Mumbai, India, at CNBC-TV18's Global Leadership Summit, Reserve Bank of India (RBI) Governor Shaktikanta Das said monetary policy from global central banks had largely "performed well" in recent years despite conflicts, geopolitical tensions and higher volatility. "A soft landing has been ensured but risks of inflation — as I speak to you here today — risks of inflation coming back and growth slowing down do remain," Das said. Das pointed to several contradictions in global markets to underline his view, including the appreciation of the U.S. dollar, even as the Federal Reserve is cutting interest rates.

Persons: Shaktikanta Das, Das Organizations: Reserve Bank of India, Peterson Institute of Economics, International Monetary Fund, Bank, CNBC, Leadership, U.S ., Federal Reserve, U.S Locations: Washington , DC, Central, Mumbai, India, London

☆ Tropical Storm Sara forms in the Caribbean and heads toward ‘life-threatening’ impact with Central America
▼ + stars: | 2024-11-14 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Tropical Storm Sara is here and closing in on Central America where it will unleash disastrous flooding rain in the region. The storm will bring “life-threatening” flooding rainfall up to 30 inches to Honduras and double-digit rainfall totals to other parts of Central America, the NHC warned. This scenario would bring strong winds and torrential rain to Central America, but could keep the storm away from the US entirely or have it approach as a very weak storm. It would still unleash life-threatening flooding rainfall in Central America and head for dangerous strike on Belize and Mexico’s Yucatán Peninsula. This would bring more substantial impacts to Central America, the Yucatán and Belize and a much more troubling forecast for the US.

Persons: Sara, that’s, hasn’t Organizations: CNN, National Hurricane Center, Florida Keys, NHC Locations: Central America, of Mexico, Honduras, Nicaragua, It’s, Mexico, Florida, Cuba, Belize, Caribbean, Gulf Coast

☆ Gary Gensler says he was 'proud to serve' as SEC chair, defends his approach to crypto regulation
▼ + stars: | 2024-11-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill in Washington, D.C., on Sept. 27, 2023. Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute's 56th annual conference on securities regulation. "It's a remarkable agency," Gensler said of the SEC, which he has led since April 2021. Gensler made only passing reference to his most controversial disclosure rule, on climate change, which has been challenged in court. Defense of crypto stanceGensler offered a full-throated defense of his approach to crypto.

Persons: Gary Gensler, Gensler, It's, bitcoin, clearinghouses, I've Organizations: . Securities, Exchange, Financial, Capitol, Washington , D.C, Securities, SEC Locations: Washington ,

☆ At Tesla, some are celebrating stock gains — others worry Elon will lose focus
▼ + stars: | 2024-11-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla employees are contending with a CEO whose list of commitments grows by the day. Most celebrated the company's surging stock price — it's up nearly 33% year to date — as Tesla stock makes up a significant share of most workers' compensation. Musk's growing list of commitmentsIn the runup to the election, Tesla CEO Elon Musk threw his money and influence behind Donald Trump. 🇺🇸🇺🇸🇺🇸 — Ashok Elluswamy (@aelluswamy) November 6, 2024Kimbal Musk, Elon Musk's brother and a Tesla board member, also appeared to celebrate the win. "On one hand, you want to celebrate the fact that the stock is up an insane amount," the employee said.

Persons: Elon Musk, Donald Trump, Vivek Ramaswamy, Musk, Trump's, Postelection, hasn't, Ashok Elluswamy, Elon, Don ’, cris, ric cars. At, vic Organizations: Elon, Tesla, Trump, PAC, America PAC, Department of Government, Palm, House Republicans, icl Locations: California, Texas, Palm Beach , Florida, Trump's, Mar, Palm Beach, Washington, DC, Palm

☆ A smart way to follow value investor David Einhorn into his latest play that generates income to boot
▼ + stars: | 2024-11-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Value investors believe these companies are undervalued due to temporary issues, market overreactions, or broader economic conditions. The approach is long-term, as value investors wait for the market to recognize the company's actual value, which may take time. On a podcast earlier this year, well-known hedge fund manager David Einhorn of Greenlight Capital lamented that modern-day passive investors pay no attention to "value" of the companies they buy. Outcome Scenarios : If the stock price stays above the strike price, the option expires worthless, allowing the investor to keep the premium as profit. If the stock price falls below the strike price, the option buyer will likely exercise it, obligating the seller to buy the stock at the strike price.

Persons: Benjamin Graham, Warren Buffett, David Einhorn, CNH Organizations: Greenlight, Deere & Co, Agco Corp, Farmers, CNBC, NBC UNIVERSAL

☆ Trump's victory has turned up the heat on Disney and its CEO, Bob Iger
▼ + stars: | 2024-11-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

AdvertisementSome Disney insiders worry about the impact of a second Trump term on the company amid culture wars. Disney CEO Bob Iger and Donald Trump publicly sparred during Trump's first presidential term. During Trump's first term, Iger seemed to publicly align with his opposition. One person close to Disney speculated about whether the political climate would lead news outlets such as Disney's to self-censor. "The risk to these guys is, they have to tone down the rhetoric," the person close to Disney said.

Persons: Bob Iger, Donald Trump, Trump's, Iger, Trump, Harris, Puck, Elon Musk, Nelson Peltz, Dana Walden, Kamala Harris, Disney, I'm, irking Trump, Walden's Harris, He's Organizations: Disney, Trump, Business, ABC, Elon, CNBC, New York Post, ABC News, Warner Bros, Hulu, Sinclair Locations: Hollywood, Iger, Paris, Fox

☆ High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
▼ + stars: | 2024-11-14 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

With some of these pressure points softening, food prices have cooled to rates comparable to before the pandemic. “Grocery prices have skyrocketed,” he said. “Until we can — if we can — fix climate change, there’s no way that food prices can come down,” he told CNN. In the past, grocery prices have come down primarily when “the economy is under duress” and people don’t have enough money to pay for groceries. Absent these kinds of scenarios, Trump is unlikely to get the actual food prices we pay back to where they were during his first term.

Persons: Joe Biden, Donald Trump, Trump, ”, “, ” Trump, “ That’s, That’s, Phil Lempert, Vance, Lempert, Leo Feler, Feler, it’s “ Organizations: New, New York CNN, AP VoteCast, New York Economic Club, ”, Trump, CNN, University of California Locations: New York, Ukraine, Russia, Brazil, Mexico, Florida, California, China, Los Angeles

☆ Advance Auto Parts is closing more than 700 locations
▼ + stars: | 2024-11-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Advance Auto Parts is closing more than 700 locations to shore up the company’s finances following another dismal earnings report. The car parts retailer, which has about 5,000 stores, said Thursday that the closures are part of its “strategic plan to improve business performance.” Advance Auto Parts (AAP) shares slid nearly 5% in premarket trading after it reported earnings that missed analysts’ expectations. The reduction will result in closing roughly 500 corporate-owned stores plus about 200 independently operated locations. The company did not immediately provide a full list of locations set to close. It recently sold Worldpac, an automotive parts wholesaler, for $1.5 billion as part of “simplification” of its business model.

Persons: — Organizations: New, New York CNN, Parts, Advance, Research, Companies, Consumers Locations: New York

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