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Brunswick County Sheriff's OfficeThe Carolina Beach Elementary School was closed and students were dismissed early after classrooms started to flood, Oakley confirmed. Sunny Point, North Carolina, picked up more than a month’s worth of rain when over 9 inches fell in just three hours. CNN WeatherAreas near the North Carolina-South Carolina border – including Wilmington, North Carolina – are under a level 3 of 4 risk of flooding rainfall Monday, according to the Weather Prediction Center. A much larger level 2 of 4 risk area encapsulates most of North Carolina and northern South Carolina. In addition to heavy rain, this system could also produce a few tornadoes in eastern North Carolina Monday.
Persons: CNN — Floodwater, “ It’s, Bruce Oakley, “ We’ve, Oakley, Ashely MacBride, Lynn Barbee, hasn’t, that’s, Debby, it’ll, Ian, Elisa Raffa, Brandon Miller Organizations: CNN, Emergency, National Weather Service, Sheriff's Office, Brunswick County Sheriff's, Carolina Beach Elementary, Police, Facebook, Carolinas, Wilmington , North Carolina –, Weather, South Carolina Locations: North Carolina, Carolina Beach, , Carolina, Wilmington , North Carolina, Brunswick, Brunswick County, Point , North Carolina, floodwater, Wilmington , NC, Oakley, Charleston , South Carolina, South Carolina, Charleston, Myrtle Beach, North, South
The women Kamala Harris has mentored
  + stars: | 2024-09-15 | by ( Edward-Isaac Dovere | ) edition.cnn.com   time to read: +12 min
Angela Alsobrooks, the Democratic nominee for Senate in Maryland, has started collecting magazines with Harris on the cover, buttons, a T-shirt and other memorabilia. She broke down sobbing during Maya Harris’ convention speech when thinking of her own memories of the vice president’s mother. “’Hi, it’s Kamala Harris,’” Alsobrooks remembers hearing. Harris joins Prince George's County Executive Angela Alsobrooks onstage to speak at a campaign event in Landover on June 7, 2024. Cohen switched over to Harris’ campaign for a few shifts.
Persons: CNN —, Kamala Harris, Jahana Hayes, She’d, Hayes, Harris, Long, Ayanna Pressley, Laphonza Butler, , They’re, , Jasmine Crockett, , ” Crockett, she’d, Joe Biden, Crockett, boggle, Angela Alsobrooks, Lateefah Simon, Simon, Maya Harris ’, it’s, Susan Walsh, Alsobrooks, it’s Kamala Harris, ’ ” Alsobrooks, ” Alsobrooks, , Andrew Harnik, Andrea Campbell, “ Joy ”, Campbell, Harris “, ” Campbell, isn’t, Malia Cohen, Gavin Newsom’s, Cohen, Bruce Springsteen, ’ ” Cohen, ” Daniele Monroe, Moreno, Monroe, “ Kamala, ‘ I’ve, she’s, ” Monroe, Peggy Flanagan, hasn’t, Flanagan —, , Flanagan, , Emily Tisch Sussman, Paul, Abbie Parr, Biden, wasn’t, ’ ” Campbell, Harris ’, Kamala, that’s, I’d Organizations: CNN, National Democrats, Democratic, Massachusetts, Naval Observatory, Naval, Office, San, White, , Goodwill Industries, Prince George's, UCLA, Black, San Francisco, of Supervisors, Nevada Democratic Party, Gov Locations: Connecticut, Texas, Maryland, San Francisco, Oakland, ” Connecticut, New Haven, Landover, Boston, California, Las Vegas, Monroe, Minnesota, St, Iowa, United States
Economists have long called for an overhaul of the nation's retirement age laws, currently among the world's lowest, which was set in an era of lower life expectancies. Raising the retirement age would help ease local governments' pension pool cash crunch, Sheana Yue, an economist from Oxford Economics said. Still, "more needs to be done to improve retirement adequacy," Maybank's Tay said, while stating that China needs a stronger pension plan and diversified investment avenues to ensure sustainable retirement savings. China's Ministry of Human Resources and Social Security has added a few tools for citizens to check their indicated retirement age on its website and mobile app. China may roll out "another round of delay in the late 2030s, especially if China's pension fund balance is tight," Xu cautioned.
Persons: Erica Tay, Tay, Bruce Pang, Tianchen Xu, Xu, Yue, Maybank's Tay Organizations: Getty, Maybank Investment Banking Group, CNBC, Economist Intelligence Unit, Oxford Economics, Academy of Social Sciences, China's Ministry of Human Resources, Social Security Locations: Fuyang, China, JLL, Beijing
A state district judge struck down North Dakota's abortion ban Thursday, saying that the state constitution creates a “fundamental right” to access abortion before a fetus is viable. "The Court concludes [the law] violates the Constitution of the State of North Dakota and is void for vagueness and of no effect," the order stated. The ruling stemmed from a request from the state to dismiss a lawsuit filed by a North Dakota clinic in 2022. Even though the judge’s ruling would make abortion legal in the meantime, according to the Center for Reproductive Rights, there are no longer any clinics performing abortions in North Dakota. North Dakota's ban prohibited abortion at all stages of pregnancy, except in the case of death or serious health risk.
Persons: Bruce Romanick, , Romanick, Roe, Wade Organizations: U.S, North, North Dakota Constitution, Republican, Center for Reproductive Rights Locations: of North Dakota, U.S ., North Dakota, Minnesota, North
Leaders at OpenAI, Anthropic, Microsoft , Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. An OpenAI spokesperson told CNBC that the company believes building additional infrastructure in the U.S. is critical to the country's industrial policy and economic future. by ensuring data-centers are built in the United States while ensuring the technology is developed responsibly," White House spokesperson Robyn Patterson told CNBC. White House chief of staff Jeff Zients and White House deputy chief of staff Bruce Reed also attended, according to a source. Anthropic counts Amazon as a leading investor, while OpenAI is heavily backed by Microsoft.
Persons: Sam Altman, Dario Amodei, Ruth Porat, OpenAI, Biden, Harris, Joe, Kamala, Robyn Patterson, Gina Raimondo, Jennifer Granholm, Jake Sullivan, Ali Zaidi, Kristine Lucius, John Podesta, Jeff Zients, Bruce Reed, Anthropic, government's Organizations: Microsoft, Google, White, CNBC, CNN, U.S . National, White House, AI Safety, Department of Commerce, National Institute of Standards, Technology, Biden Locations: U.S, America, Wisconsin , California , Texas, Pennsylvania, A.I, United States
The news that Patti Scialfa, Bruce Springsteen’s wife and bandmate, has multiple myeloma is bringing attention to the rare blood cancer. Multiple myeloma affects plasma cells, a type of white blood cell produced in the bone marrow. “Myeloma treatment is a marathon,” said Dr. Manni Mohyuddin, a multiple myeloma specialist at the University of Utah’s Huntsman Cancer Institute. Multiple myeloma is twice as common among Black people than white people in the U.S., and mortality rates among Black Americans are twice as high. In many cases, people with multiple myeloma are still able to pursue normal activities.
Persons: Patti Scialfa, Bruce Springsteen’s, Bruce Springsteen, ” Scialfa, that’s, Scialfa, Springsteen, , , Manni, Joseph Mikhael, Mikhael, ” Mohyuddin, don’t, Mohyuddin, Orange, ” Mikhael, Dr, Mansi Shah, oncologist, ” Shah, we’ve Organizations: Variety, Toronto Film, University of Utah’s Huntsman Cancer Institute, U.S, International, Firefighters, Rutgers Cancer Institute, RWJBarnabas Health Locations: U.S, New Jersey
Discount home goods retailer Big Lots filed for bankruptcy protection on Monday after high interest rates and a sluggish housing market slowed demand for its low-priced furniture and decor. As part of its Chapter 11 filing, Big Lots agreed to sell its business to private equity firm Nexus Capital Management for about $760 million, consisting of $2.5 million in cash plus its remaining debt and liabilities, court records show. While discount retailers tend to do well in rough economic cycles, Big Lots primarily caters to lower- and middle-income consumers, who have curbed discretionary spending at a higher rate than their more affluent counterparts. “Big Lots is not always good value for money. A&G Real Estate Partners has been tapped as Big Lots’ real estate advisor, while Nexus will be represented by law firm Kirkland & Ellis.
Persons: Lots, Bruce Thorn, ” Evan Glucoft, , Big, Glucoft, Cos, ” Neil Saunders, GlobalData, ” Saunders, Davis Polk, Kirkland, Ellis Organizations: Big, Nexus Capital Management, Walmart, Goods, Guggenheim Securities, Real, Partners
Patti Scialfa, Bruce Springsteen's wife and E Street bandmate, has revealed she was diagnosed in 2018 with multiple myeloma, a form of blood cancer. Scialfa addressed her diagnosis in the new documentary “Road Diary: Bruce Springsteen and the E Street Band,” which premiered on Sunday night at the Toronto Film Festival. That’s the new normal for me right now, and I’m OK with that.”Bruce Springsteen and Patti Scialfa performing in New York City in 2021. The 71-year-old has been a member of the E Street Band since 1984 and married Springsteen in 1991. Scialfa was inducted into the Rock and Roll Hall of Fame as a member of the E Street Band in 2014.
Persons: Patti Scialfa, Bruce Springsteen's, Scialfa, Bruce Springsteen, she’s, , that’s, ” Bruce Springsteen, Taylor Hill, Springsteen, ” Springsteen Organizations: Toronto Film, Hall of Fame Locations: New York City
Big Lots files for bankruptcy
  + stars: | 2024-09-09 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy. As part of its Chapter 11 filing, the retailer announced that private equity firm Nexus Capital Management is acquiring “substantially all” of Big Lots stores and business operations. Big Lots blamed several economic factors for its bankruptcy, including high inflation and interest rates. Big Lots is in the process of closing roughly 300 of its 1,400 store across the United States. Big Lots joins a growing list of well-known retailers hitting financial turbulence as customers cut back spending on non-essential items.
Persons: , Bruce Thorn, McDonald’s, it’s, Sarah Foss, ” Foss Organizations: New, New York CNN, Nexus Capital Management, Lots, Walmart, Debtwire, CNN Locations: New York, United States
WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC. Among the signers are several high-profile CEOs of public companies, including Aaron Levie of Box , Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap . Other signers appear to be issuing their first public endorsements of Harris since she became the de facto Democratic nominee in July. They include James Murdoch, former CEO of 21st Century Fox and an heir to the Murdoch family media empire, and crypto executive Chris Larsen, co-founder of the Ripple blockchain platform. Still more are prominent in Silicon Valley, including the venture capitalist Ron Conway, entrepreneur Mark Cuban and former LinkedIn CEO Reid Hoffman.
Persons: WASHINGTON —, Kamala Harris, Aaron Levie, Jeremy Stoppelman, Yelp, Michael Lynton, Harris, James Murdoch, Murdoch, Chris Larsen, Lynn Forester de Rothschild, José E, Feliciano, Twilio, Jeff Lawson, Ted Leonsis, Kleiner Perkins, John Doerr, Deven Parekh, Jeffrey Katzenberg, Wndr, Laurene Powell Jobs, Dustin Moskovitz, Magic Johnson, Tony James, Blackstone, Bruce Heyman, Goldman Sachs, Peter Orszag, Steve Westly, Ron Conway, Mark Cuban, Reid Hoffman Organizations: WASHINGTON, CNBC, Democratic, Century Fox, Washington Wizards, WNBA's Mystics, NHL's Washington Capitals, Walt Disney Studios, Facebook, NBA Hall of Famer, Jefferson, Lazard, Westly, Tesla Locations: America, California, Capital, Silicon Valley
Donald Trump welcomed Robert F. Kennedy Jr. onstage during his rally in Arizona on Friday night, saying the independent ran an "extraordinary campaign" hours after Kennedy endorsed the former president. Kennedy’s father, Robert F. Kennedy Jr., and uncle, former President John F. Kennedy, were both assassinated. The alliance between the Trump and Kennedy marks a new phase in their relationship after years of criticizing each other. "It’s not that I’m not going to vote for Trump for being Trump," said Brimacombe. Casey Westerman, a Trump voter in 2016 and 2020 who was going to back Kennedy in November, now plans to support Trump.
Persons: Donald Trump, Robert F, Kennedy Jr, Kennedy, Trump, Kennedy’s, John F, that's, Trump’s, they're, Bruce Brimacombe, Bobby, he’s, I’ll, Casey Westerman Organizations: Trump, Newsweek, NBC News, Chandler Locations: Arizona, Glendale, Phoenix, Democratic, Scottsdale
A New York City suburb's ban against public mask wearing was challenged in federal court on Thursday, alleging the law violates the Americans with Disabilities Act and needlessly opens health compromised individuals for ridicule. Nassau County, the bedroom community just east of New York City with nearly 1.4 million residents, last week officially banned wearing face coverings in public in what's believed to be the nation's first such prohibition. "The mask ban law in Nassau County causes G.B. S.S. is a frequent shopper at T.J. Maxx and the Roosevelt Field Shopping Center and has regular medical appointments around Nassau County. The lawsuit names Nassau County and County Executive Bruce Blakeman as defendants.
Persons: what's, G.B, Roosevelt, Bruce Blakeman, Blakeman Organizations: United, Constitution, New York, Rehabilitation, Maxx, Shopping, County, NBC, Local Locations: York City, Nassau County, New York City, Nassau
While locking their credit won't solve all cybersecurity issues related to stolen Social Security numbers, it's one extra layer of protection parents can implement. Parents can take these steps proactively even if there's nothing to suggest a minor's credit has been compromised such as unexpected credit card solicitations or bills received in the minor's name. It can take some time and effort to lock a child's credit, but the outlay is minimal compared with what can be a lengthy and emotional credit restoration process. Locking a child's credit won't protect against all of these, but it's a solid step in the right direction, financial professionals said. To check to see if their child has a credit report, parents can mail a letter with their request to each of the credit bureaus.
Persons: , Kim Cole, Loretta Roney, It's, Cole, Bruce McClary, McClary Organizations: Social, Social Security, Navicore Solutions, InCharge, Federal Trade Commission, Administration, Foundation, Credit Counseling
Ben Gottlieb — the touchingly soulful hero of the soulful, delightfully tetchy “Between the Temples” — is a mess. Yet because the filmmaker Nathan Silver has an appreciation for life’s ironies and likes putting a topspin on his comedy, Ben lives with both his mother and stepmother. Ben — a perfect Jason Schwartzman — is a sad sack, but he’s also just sad and for a very good, excruciating reason, too. They reconnect in a bar, where she helps the soused, deflated Ben, a kindness that takes an unexpected turn when she shows up at the synagogue. Judith says they think he “needs to start seeing a doctor,” a suggestion that Ben says he’s open to.
Persons: Ben Gottlieb —, Nathan Silver, life’s ironies, Ben, Ben —, Jason Schwartzman —, he’s, Carla Kessler O’Connor, Carol Kane, Carla, Rabbi Bruce, Robert Smigel, Ben relents, Mason Wells, Meira, Judith, Caroline Aaron, Dolly de Leon, Locations: Ben, New York
The secretary of state's office estimates that 577,971 valid signatures were turned in by Arizona for Abortion Access, a coalition of reproductive rights organizations that includes the American Civil Liberties Union of Arizona and Planned Parenthood Advocates of Arizona. The Arizona for Abortion Access Act will go before voters under the title "Proposition 139." “This is a huge win for Arizona voters who will now get to vote YES on restoring and protecting the right to access abortion care, free from political interference, once and for all,” Cheryl Bruce, campaign manager for Arizona for Abortion Access, said in a statement. In a video shared by the Arizona secretary of state's office, Secretary of State Adrian Fontes acknowledged the legal hurdles the ballot proposal is likely to face. "This is going to certify that the initiative has made the ballot," said Fontes.
Persons: JP Martin, ” Cheryl Bruce, it’s, ” Chris Love, Dobbs, Roe, Wade, Katie Hobbs, Adrian Fontes, , Fontes Organizations: NBC, Abortion, American Civil Liberties Union of Arizona, Arizona, U.S, Supreme, Democrats, Democratic, Republican Locations: Arizona
The initial application from Lykos presented positive data from two late-stage clinical trials that used MDMA in combination with talk therapy to treat PTSD. The advisers said it was also difficult to parse how much the accompanying talk therapy — an area that the FDA does not regulate — contributed to outcomes. Advocates for the treatment, including some veterans groups, said they were “incredibly disappointed” by the FDA decision. Dozens of clinical trials involving psychedelics are in various stages, and additional scrutiny can help strengthen the findings and build confidence. Psychopharmacology did not allow the study authors to publish a correction with data that excluded findings from one study site, said Allison Feduccia, an author in all three retracted studies.
Persons: Lykos, , ” Martin Steele, Brett Waters, , Rachel Yehuda, , , Michael Bogenschutz, Yehuda, It’s, Lori Bruce, Psychopharmacology, caressed, “ it’s, Amy Emerson, ” Lykos, Allison Feduccia, Dr, Sanjay Gupta, Brian Barnett, ” Bruce, Nadia Kounang Organizations: CNN, Food and Drug Administration, Lykos Therapeutics, FDA, Veteran Mental Health Leadership Coalition, Hope, Center, Psychedelic Psychotherapy, Mount, Icahn, of Medicine, NYU Langone Center, Psychedelic Medicine, Oxford, NUS, Neuroethics, Interdisciplinary Center, Bioethics, Yale University, , Multidisciplinary Association for Psychedelic Studies, Health Canada, Institutional, Board, CNN Health, Cleveland Clinic Locations: Canada,
New York CNN —Big Lots is closing more than 300 locations across the United States, or roughly 4% of its stores, following an earlier warning that its future was in “substantial doubt” amid ongoing financial troubles. In a recent regulatory filing, Big Lots said it would increase the number of closures to 315 stores, part of an updated loan agreement to secure its finances. A specific list wasn’t revealed, but Big Lots is listing closing sales at hundreds of its 1,389 stores on its website. Bob’s Stores and 99 Cents Only Stores also went out of business earlier this year. Shares of Big Lots (BIG) are down nearly 90% for the year.
Persons: Lots, Bruce Thorn, Organizations: New, New York CNN, CNN Locations: New York, United States,
Numerous videos posted on social media show the turboprop ATR 72 in an apparent flat spin as it spiraled toward the ground with no visible forward movement. “As we progress through the investigation, things will start to solidify.”A crash in 1994The French-Italian ATR 72 has “checkered record” Goelz said. The ATR 72 utilizes deicing “boots,” designed to expand and physically break apart ice that accumulates on wings. “A jet likely would not have been at that altitude.”Following reports of Friday’s crash, ATR said it was aware of an accident and is working to support investigators. “Aviation safety doesn’t lend itself to quick answers.”
Persons: Friday’s, , Peter Goelz, Bruce Landsberg, Goelz, , Landsberg Organizations: CNN, National Transportation, Federal Aviation Administration, NTSB, Eagle, , “ Aviation Locations: Brazil, Cascavel, Brazil’s, Paraguay, São Paulo, FlightAware, Vinhedo, , Roselawn , Indiana, United States, France
Learn moreThe Sea.Hear.Now festival blends music with surfing and immersive art in an annual event held in Asbury Park, New Jersey. The music festival takes over the north beach area of Asbury Park on September 14 and 15. Sea.Hear.Now 2024 festival scheduleSea.Hear.Now is a multi-genre music, art, and surfing festival held over two days in Asbury Park, New Jersey. How to buy tickets for Sea.Hear.Now 2024Original tickets for Sea.Hear.Now have sold out. How much are Sea.Hear.Now Music Festival tickets?
Persons: Bruce Springsteen, Noah Kahan, Springsteen, Danny Clinch, Sonic Blume, Passafire, Robert Randolf, Joe P, Sierra Ferrell, Guster, Ziggy Alberts, Grace Potter, Noah Kahan Sunday, Spazz, Rachel Ana Dobken, Bertha, Joy Oladokun, Larking Poe, Norah Jones, Action Bronson, Trey Anastasio, Gogol Bordello Organizations: Business, Hall of Fame, Asbury Park, Exchange, Ticketmaster, Craigslist, Asbury Ocean Club, The Locations: Asbury Park , New Jersey, Asbury, Ashbury
CNN —Data from a retired NASA mission has revealed evidence of an underground reservoir of water deep beneath the surface of Mars, according to new research. A team of scientists estimates that there may be enough water, trapped in tiny cracks and pores of rock in the middle of the Martian crust, to fill oceans on the planet’s surface. NASA's Mars Reconnaissance Orbiter took an image of InSight sitting on the Martian surface on February 2, 2019. “It’s certainly true on Earth — deep, deep mines host life, the bottom of the ocean hosts life. Windows into Martian historyThe findings add a new piece to the Martian water puzzle.
Persons: , Vashan Wright, , Mars, orbiters, InSight’s seismometer, Wright, James Tuttle Keane, Aaron Rodriguez, Michael Manga, “ It’s, haven’t, Alberto Fairén, Fairén, Bruce Banerdt, we’re, Banerdt, al, ” Banerdt, , ” Wright Organizations: CNN, NASA, National Academy of Sciences, Reconnaissance Orbiter, JPL, Caltech, University of Arizona, University of California, Diego’s Scripps, of Oceanography, Mars, Interior Exploration, Transport, Scripps Institute of Oceanography, University of Maryland, Cornell University Locations: Mars, Berkeley
NEW YORK — In the Ryan Reynolds-Blake Lively box-office showdown, both husband and wife came out winners. Reynolds’ Marvel Studios smash “Deadpool & Wolverine” remained the top movie in North American theaters for the third straight week with $54.2 million in ticket sales according to studio estimates Sunday. “Deadpool & Wolverine,” though, was closely followed by “It Ends With Us,” the romance drama starring Lively, which surpassed expectations with a stellar $50 million debut. In 1990, Bruce Willis’ “Die Hard 2” led the box office while Demi Moore’s “Ghost” came in second. Meanwhile, “Deadpool & Wolverine,” which co-stars Hugh Jackman, continued its march through box-office records.
Persons: Ryan Reynolds, Blake Lively, Reynolds, Wolverine ”, it’s, Deadpool, Lively, , Bruce Willis ’, , Demi Moore’s, Eli Roth, Cate Blanchett, Kevin Hart, Jack Black, “ Deadpool, Hugh Jackman, Shawn Levy, Colleen Hoover, Lily Bloom, Justin Baldoni, Brandon Sklenar, Tilman Singer, Hunter Schafer, Dan Stevens Organizations: Reynolds ’ Marvel Studios, Lionsgate, Rotten, Marvel, Columbia Pictures, Wayfarer Studios, Sony, Audiences Locations: Boston
CNN —Remember when Lionel Richie, flanked by 1984’s finest pyrotechnics, closed out the LA Olympic Games wearing an entirely beaded jacket? The unforgettable blue and silver beaded jacket he wore to the 1984 Olympics was cropped at the hips, with a silver piping around the collar and sleeves. “When I came into the business the only man in a beaded jacket was Liberace,” Whitten told the LA Times in 1990. “At that particular time, I was launching ‘All Night Long,’ and it just happened to be at the 1984 Olympics, and of course, you just can’t beat the color. Stood atop a shimmering gold podium in his luminous beaded jacket, it’s clear Richie was also going for gold.
Persons: Lionel Richie, , Richie’s, , Anthony Thomas Melillo, Richie, Bill Frank Whitten, Michael Jackson, Elton John, Whitten, Michael Jackson’s, Billie Jean ”, Liberace, ” Whitten, Tina Turner, Madonna, Bruce Springsteen, , let’s Organizations: CNN, LA, Games, Commodores, Associated Press, Vegas, American Idol, Getty, LA Times, Hall of Fame, Coveteur Locations: Cleveland , Ohio
JPMorgan raises 2024 recession odds to 35%
  + stars: | 2024-08-08 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
The bank raised its probability for a U.S. or global recession to 35% by year end, chief global economist Bruce Kasman told clients in a Wednesday note. Meanwhile, JPMorgan kept its odds for a recessionary period by the second half of 2025 at 45%. But traders got better news on the labor market front on Thursday, with the volume of weekly jobless claims coming in lower than economists expected. To be sure, despite raising his odds, Kasman said investors should not assume all signs point to a recession. In fact, Kasman described his increase to near-term recession risk as modest.
Persons: Bruce Kasman, Kasman, Goldman Sachs Organizations: JPMorgan, Federal, Fed Locations: U.S
CNN —Cruise ships have doubled in size over the past two decades, a precedent that could lead to even bigger vessels plying our oceans in the future and bringing potential problems, a new report has warned. The largest passenger vessels today are twice as large as they were in 2000, says a study conducted by European clean energy lobby group Transport and Environment (T&E), which warns of the environmental impact of the “rapidly” growing global cruise industry. On its launch in 1999, Royal Caribbean’s Voyager of the Seas, which has a gross tonnage (GT) of 137,276, was the biggest cruise ship in the world. Global emissionsIt notes that CO2 emissions from cruise ships in Europe were almost 20% higher in 2022 than in 2019. Cruise ships and other maritime vessels are thought to be responsible for nearly 3% of global greenhouse gas emissions each year, according to the International Maritime Organization.
Persons: CNN —, cruisezillas, Inesa, Bruce Weaver, , ” CLIA Organizations: CNN, CNN — Cruise, Getty, Cruise Lines International Association, EU, Royal, Cruise, International Maritime Organization, Royal Caribbean Group Locations: AFP, Europe
Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market. "Consumer sentiment in China is quite weak," McDonald's chairman, CEO and director Christopher Kempczinski, said of the quarter ended June 30. Apple said Greater China sales fell by 6.5% year-on-year in the quarter ended June 29. Procter and Gamble said China sales for the quarter ending late June fell by 9%. The only public disclosures regarding Peet's China business described it as "strong double-digit organic sales growth" in the first half of the year.
Persons: , Christopher Kempczinski, McDonald's, Lei Meng, Apple, Johnson, that's, General Mills, Kofi Bruce, Mills, Andre Schulten, Procter, Gamble, Schulten, Marriott's, Domino's, DPC Dash, There's, James Quincey, Quincey, We've, Laxman Narasimhan, Luckin Organizations: Nurphoto, Getty, BEIJING, U.S, Nationwide, UBS Securities, General, Procter, Marriott, Asia Pacific, Starbucks Locations: Yichang, Hubei province, China, U.S, Canada, Greater China, Southeast Asia, Japan, South Korea, Asia, Peet's
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