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☆ He knew 'nothing' about selling alcohol when he launched Patrón—then he sold it for $5.1 billion
▼ + stars: | 2023-10-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When John Paul DeJoria first started selling tequila, he knew plenty about business — but "nothing whatsoever" about the liquor industry, he says. He was convinced he had a product superior to anything else on the market, and he knew he could sell it. Today, Patrón is one of the top-selling tequila brands in the world, selling roughly 3 million cases each year. Forbes currently estimates his net worth at roughly $3 billion. We knew nothing about the business, but we knew it was the best tequila in the world.

Persons: John Paul DeJoria, He'd, DeJoria —, —, hairstylist Paul Mitchell, John Paul Mitchell, DeJoria's, Martin Crowley, DeJoria, Francisco Alcaraz, Clint Eastwood Organizations: CNBC, John Paul Mitchell Systems, Bacardi Limited, Forbes Locations: Mexico, Mexican, Los Angeles, Patrón

☆ Judge raises possibility of imprisonment for Trump for violating gag order, NBC reports
▼ + stars: | 2023-10-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +4 min

"Despite this order, last night I learned the offending post was never removed from a website. This is a blatant violation of the gag order. The trial could lead to the dismantling of Trump's business empire as he seeks to regain the presidency in 2024. The frontrunner for the 2024 Republican nomination for the presidency was also hit with a partial gag order in a federal criminal case accusing him of trying to overturn his 2020 election loss. U.S. District Judge Tanya Chutkan in Washington on Monday barred him from verbally attacking U.S. prosecutors, court staff and potential witnesses, pointing to disparaging social media posts.

Persons: Donald Trump, Brendan McDermid, Donald Trump's, Trump, Arthur Engoron, Engoron, Letitia James, Christopher Kise, Chuck Schumer, Kise, James, Donald Jr, Eric, Tanya Chutkan, Chutkan, Kanishka Singh, Luc Cohen, Chizu Nomiyama, Jonathan Oatis Organizations: U.S, REUTERS, NBC News, Trump, Trump Organization, Thomson Locations: Manhattan, New York, U.S, Washington

☆ Judge raises possibility of imprisonment for Trump for violating gag order -NBC News
▼ + stars: | 2023-10-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | Pm Utc | ) www.reuters.com time to read: +4 min

"Despite this order, last night I learned the offending post was never removed from a website. This is a blatant violation of the gag order. The frontrunner for the 2024 Republican nomination for the presidency was also hit with a partial gag order in a federal criminal case accusing him of trying to overturn his 2020 election loss. U.S. District Judge Tanya Chutkan in Washington on Monday barred him from verbally attacking U.S. prosecutors, court staff and potential witnesses, pointing to disparaging social media posts. Trump plans to appeal that order.

☆ Fed-up employees might threaten to quit if changes aren't made to their job, but 'thruitting' often does more harm than good
▼ + stars: | 2023-10-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

siraanamwong/Getty ImagesYou're fed up with your job and are finally going to let your manager know it: "Fix this, or I'm leaving." In a bid to keep up with the never-ending stream of workplace trends, let's call this one "thruitting." AdvertisementAdvertisementFor your bookmarksFree tax filing programUS Treasury Secretary Janet Yellen has said tax filing should be simple. SAUL LOEB/AFP via Getty ImagesSee if you're eligible for the IRS' new, free tax filing pilot in 13 states. It's part of the department's attempt to make tax filing simpler and more cost-effective.

Persons: Marc Andreessen, Chris Williams, Williams, simplehappyart, Today's, Siu, It's, SCOTT MORGAN, Charlie Munger, Warren Buffett's, Everyone's, Jeffrey Gundlach, Jensen Huang, Young Liu, Chiang Ying, Marc Andreessen's, Elon Musk, Musk, Arantza Pena Popo, Dolly, Janet Yellen, SAUL LOEB, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Microsoft, Treasury, Barclays, Baron Partners Fund, Nvidia, University of Pennsylvania, America, Blackstone, Getty, IRS Locations: Israel, Cincinnati , Ohio, New York City, San Diego, London, New York

☆ 'Killers of the Flower Moon' review: Martin Scorsese, Leonardo DiCaprio and Robert De Niro team up on a movie that wants to be epic but just feels long
▼ + stars: | 2023-10-19 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —There’s a difference between “long” and “epic,” although in movie terms the two frequently get confused. Martin Scorsese delivers the former but not the latter with “Killers of the Flower Moon,” his second consecutive three-and-a-half-hour movie derived from a true story and underwritten by a prestige-hungry streaming service. Notably, “Killers of the Flower Moon” will receive a wide big-screen launch that includes playing on hundreds of Imax screens. Either way, Scorsese has served up a movie that also plunges into a dark history and comes away with less bang for its bucks. “Killers of the Flower Moon” premieres October 20 in US theaters and will later play on Apple TV+.

Persons: CNN —, Martin Scorsese, ”, Scorsese, Robert De Niro, Leonardo DiCaprio, Lily Gladstone, Mollie Kyle, Ernest, Bill Hale, De Niro, DiCaprio’s Ernest Burkhart, Mollie, Eric Roth, David Grann’s, Jesse Plemons, “ Oppenheimer, “ Oppenheimer ” Organizations: CNN, Apple, Netflix, Osage, Osage Nation, FBI Locations: Oklahoma, Osage, Tulsa

☆ A rediscovered passageway in an Egyptian Pyramid has revealed hidden rooms that could hold riches from ancient royals
▼ + stars: | 2023-10-18 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Recently, researchers used Lidar to map the pyramid's interior and found previously hidden rooms. AdvertisementAdvertisementIn 1836, Egyptologist John Shae Perring was excavating the Pyramid of Sahure (also known as Sahura) when he noticed a debris-filled passageway. An expert on floor plans for these types of structures, he surmised there might be storage rooms beyond. The hidden storage roomsThe area was so damaged it was impossible to enter, so Perring had no way of knowing if he was right. The pyramid is falling apartPart of the reason the pyramid is in such disrepair is due to the original construction techniques.

Persons: —, John Shae Perring, Perring, Ludwig Borchardt, he'd, Mohamed Ismail Khaled, Julius, Würzburg, wasn't, Ra, Borchardt Organizations: Service Locations: Giza, Sahure

☆ Country Garden founder Yeung, the tycoon who called himself 'dumb'
▼ + stars: | 2023-10-18 | by ( Clare Jim | ) www.reuters.com time to read: +5 min

HONG KONG, Oct 18 (Reuters) - Born into a peasant family in rural China, Yeung Kwok Keung's rags-to-riches tale inspired millions across the country until his Country Garden (2007.HK) empire spiralled into crisis this year. On his home turf, Yeung and his company had many nicknames, among them "The most grassroots tycoon" and the "Universe's No.1 property developer". Born in 1955, Yeung founded Country Garden along with four others in 1992, quickly building its scale across China and transforming it into a household name by the early 2000s. Focusing on less popular, smaller cities in the world's second-largest economy was what made Country Garden successful, as the world's second-largest economy urbanised. In a company statement in August, Yeung spelt out a number of attributes that he said make "The Country Garden that I dream of", some of which will be key amid the crippling cash crisis.

Persons: Yeung Kwok, Yeung, Wu Jianbin, Yeung's, Yang Huiyan, Clare Jim, Dorothy Kam, Anne Marie Roantree Organizations: Xinhua, Volkswagen, China Evergrande, HK, Forbes, Thomson Locations: HONG KONG, China, HK, Foshan, Guangdong, Xinhua

☆ A mysterious 4,000-year-old slab may be a treasure map that could point the way to long-lost Bronze Age riches
▼ + stars: | 2023-10-18 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Scientists found it was a gigantic map, likely used by a Bronze Age prince to rule the area. AdvertisementAdvertisementMysterious engravings on an ancient stone slab, long relegated to the storage area of an ancient castle, might reveal the locations of long-lost Bronze Age treasure. The scientists are now hoping to uncover the last secrets of the map to find new Bronze Age archaeological sites. The map was likely used by a despotic Bronze Age rulerThe map could point the way to a burial mound of a prince, per a post from the National Archaeology Museum. AdvertisementAdvertisementIt's likely that it was once used by a prince from the early Bronze Age who would have directed a small military faction to forcibly rule the area.

Persons: —, Yvan Pailler, Paul du Châtellier, It's, Pailler, Clément Nicolas, Nicolas Organizations: Service, University of Western, Agence France Presse, Science Alert, French Museum of National Archaeology, AFP, Bournemouth University, National Archaeology Museum Locations: University of Western Brittany, AFP, Brittany, France, Europe

☆ Working in Silicon Valley used to be fun. Now it's just another miserable corporate gig.
▼ + stars: | 2023-10-17 | by ( Aaron Terrazas | ) www.businessinsider.com time to read: +12 min

For the first time in a long time, tech workers are in a funk. This rare combination of generous compensation and a reasonable work-life balance kept tech workers happier than employees in other industries. Economy wide, there were on average 6.6 front-line workers per manager in 2018 and 2019, but post-pandemic, the ratio dropped to 6 to 1. It's possible that as tech companies have grown into more complex organizations, more management layers are necessary. Fundamentally, it's about listening to and elevating the voices of front-line employees.

Persons: —, Kristi Coulter, Aaron Terrazas Organizations: Linkedin, Tech, Wall Street, Federal Reserve, Microsoft, Amazon, California Bay, Austin , Texas —, Ford Motor Company, Intel Locations: Wall, California, California Bay Area, Austin , Texas, neckties

☆ Jamie Foxx plays attorney Willie Gary in new movie "The Burial." Ex-clients say the real lawyer is a creep who screwed them out of millions.
▼ + stars: | 2023-10-14 | by ( Jack Newsham | ) www.businessinsider.com time to read: +16 min

"The Burial" stars Jamie Foxx as real-life lawyer Willie Gary, who won a $500 million case in 1995. Elliott isn't the only ex-client of Willie Gary and his firm, Gary Williams Parenti Watson & Gary, to be angry about how she was treated. Lawyer Willie Gary poses for a selfie with a guest at a screening of "The Burial." Attorney Willie Gary and his client Don King speaking to the press in 2005. She has so far managed to seize $102,000 from an account the Gary firm had with Truist.

Persons: Jamie Foxx, Willie Gary, Gary —, —, Gary, Ernestine Elliott, Ford —, Elliott, Elliott isn't, Gary Williams Parenti Watson, Tommy Lee Jones, Luisa Esposito, Grant Halverson, Willie Gary's, Willie, couldn't, Jeremiah O'Keefe, O'Keefe, Loewen couldn't, Loewen, Gary Parenti, Don King, Jim McIsaac, Ford, schemed, he'd, Gary's cocounsels, Lawrence Fox, Fox, Bruce Green, Green, Gary didn't, Sharron Mangum, Mr, Mangum, Marietta Goodman, Coke, Jillian Nedd, Nedd, Ardria Clark, Tamesha Marshall, Pharr, Clark, Marshall, Ray Rogers, He's, leafleted, Rogers, Willie Lewis, Troy Fulks Jr, Fulks, Lewis, Esposito, she'd, didn't, Justice II, hasn't, Gary's, Debra Sweeting, it's, Sweeting, we're, Variety Organizations: Service, Disney, Nissan, Hollywood, reneging, Gary Parenti Facebook, Anheuser, Busch, Yorker, Group, New Yorker, Fordham, Cola, Coke, FBI, Gary, Florida Bar Association, Palm Beach Post, Florida Power, dimes, Finance Group, Wings, Justice, Boeing, Gary Foundation Locations: Georgia, Florida, Mississippi, New York City, New York, Palm Beach, Flint , Michigan, disbursements

☆ NASA probe heads for metal-rich asteroid worth $10 quintillion after launch on SpaceX rocket
▼ + stars: | 2023-10-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

NASA successfully launched a probe headed for an asteroid that may be worth $10 quintillion. The space agency successfully launched a probe Friday morning, carried by a SpaceX Falcon Heavy rocket. Altogether, estimates have valued 16 Psyche's ore at around $10 quintillion. Under the 2015 US Commercial Space Launch Competitiveness Act, private firms have a legal right to materials extracted from outer-world bodies, and startups have taken off as a result. AdvertisementAdvertisementMeanwhile, other high-value asteroids exist in the Main Asteroid Belt, which collectively could be valued at $700 quintillion.

Persons: — Organizations: NASA, Service, SpaceX, BBC Locations: Mars, India, US, China, Russia

☆ Student loan repayments are back. Here’s what that could mean for the economy
▼ + stars: | 2023-10-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —This month marks the first time in more than three years that federal student loan borrowers will be required to make monthly repayments. Before the Bell spoke with Betsy Mayotte, president and founder of The Institute of Student Loan Advisors, to talk about what that could mean for the economy. Before the Bell: When exactly do student loan payments resume? The last time I checked, there were more than 40 million federal student loan borrowers. That’s the policy discussion that has to be had in order to permanently fix the student debt crisis.

Persons: Trump, Bell, Betsy Mayotte, they’re, ’ It’s, we’ve, It’s, ’ I’m, I’ve, hasn’t, David Goldman, Michelle Toh, Brent, ” Susannah Streeter, Hargreaves Landsdown, “ We’re, “, ”, Fraser Engerman Organizations: CNN Business, Bell, New York CNN, Biden, Payments, Wall Street Journal, The, Student Loan Advisors, Hargreaves, Walgreens, Pharmacy, CNN, Employees Locations: New York, California , New York, Massachusetts, Israel, East, Gaza, Iran, United States, Kansas City

☆ Novo Nordisk's Wegovy bonanza looms large in Denmark
▼ + stars: | 2023-10-05 | by ( Maggie Fick | ) www.reuters.com time to read: +6 min

COPENHAGEN, Oct 5 (Reuters) - The whirlwind success of weight-loss treatment Wegovy is providing a bonanza not just for its developer, Novo Nordisk (NOVOb.CO), but also for its home country of Denmark. Interviews with Danish economists, analysts, and executives at the Novo Nordisk Foundation which controls Novo highlight the benefits to the economy from jobs to private wealth - but also the potential pitfalls of relying on a single, outsized company. Record profits for Novo are projected to generate returns for the Foundation of more than $12 billion in coming years. Novo Nordisk added 3,500 jobs in Denmark in 2022, bringing the total in the country to 21,000 employees, out of 59,000 worldwide, a company spokesperson said. Before Wegovy, "we used to be kind of, 'Isn't Denmark the place where Stockholm is the capital?'"

Persons: Danes, Lars Skovgaard Andersen, Lars Christensen, Wegovy, Mads Krogsgaard Thomsen, " Thomsen, Moller, Thomsen, Melinda Gates, Rasmus Kristian Feldthusen, Maggie Fick, Jacob Gronholt, Alexander Smith, Josephine Mason, Michele Gershberg, Catherine Evans Organizations: Novo Nordisk, Novo Nordisk Foundation, Danske Bank, Copenhagen Business School, Novo, Foundation, Reuters, Novo Holdings, Carlsberg, Maersk, U.S, Melinda Gates Foundation, UK's Wellcome Trust, Wegovy, University of Copenhagen, Nokia, Pedersen, Thomson Locations: COPENHAGEN, Denmark, Stockholm, Copenhagen, Danish, Novo, Europe, North America, Asia, OUTGROWING DENMARK, Finland

☆ NY attorney general presses case against Trump in trial's second day
▼ + stars: | 2023-10-03 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. REUTERS/Shannon Stapleton/PoolThe trial, now in its second day, could lead to the dismantling of Trump’s business empire as he seeks to regain the presidency in 2024. Before testimony resumed, Trump renewed his attacks on James, telling reporters outside the courtroom that she was “grossly incompetent” and had concocted a bogus case. “Her numbers are fraudulent,” said Trump, the frontrunner for the Republican nomination to face Democratic President Joe Biden in the 2024 election. The trial’s second day began with the government’s first witness Donald Bender, Trump’s former accountant at Mazars USA, resuming his testimony.

Persons: Donald Trump, Letitia James, Shannon Stapleton, Trump, James, ”, Joe Biden, “, ” James, Donald Bender, Kevin Wallace, Bender, Donald Jr, Eric, Arthur Engoron, Wallace, Christopher Kise, Michael Cohen, James ’ Organizations: YORK, New York, Former U.S, Trump Organization, REUTERS, Republican, Democratic, USA, Trump Locations: New, Former, Manhattan, New York City, U.S, New York, “

☆ Trump hit with gag order after lashing out at court clerk in NY fraud case
▼ + stars: | 2023-10-03 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

The trial could lead to the dismantling of Trump’s business empire as he seeks to regain the presidency in 2024. Trump referred to the clerk as “Schumer’s girlfriend.”“How disgraceful!” added Trump, the frontrunner for the Republican nomination to face Democratic President Joe Biden in the 2024 election. Engoron ruled before the trial that Trump committed fraud, and canceled business certificates for companies that control crown jewels of Trump’s portfolio, including Trump Tower and 40 Wall Street in downtown Manhattan. Earlier in the day, Trump renewed his attacks on James, telling reporters that the Democrat was “grossly incompetent” and had concocted a bogus case. He also faces a January civil damages trial for defaming a writer who accused him of rape, which he denies.

Persons: Donald, Trump, Arthur Engoron, Letitia James, ”, Engoron, James, Chuck Schumer, Joe Biden, Donald Jr, Eric, Donald Bender, Kevin Wallace, James ’, Bender, Jesus Suarez, “, ” Suarez, Michael Cohen, ” Trump Organizations: YORK, Trump and New York, Trump Organization, Republican, Democratic, Trump, TRUMP, Democrat Locations: New York, Manhattan

☆ Judge in Trump fraud trial imposes gag order after Trump lashes out at clerk
▼ + stars: | 2023-10-03 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

NEW YORK (Reuters) -The judge overseeing Donald Trump’s civil fraud trial on Tuesday imposed a gag order - promising sanctions for any violations - after the former U.S. president used social media to lash out against the judge’s top law clerk. The trial could lead to the dismantling of Trump’s business empire as he seeks to regain the presidency in 2024. Engoron had ruled before the trial that Trump committed fraud, and canceled business certificates for companies that control crown jewels of Trump’s portfolio, including Trump Tower and 40 Wall Street in downtown Manhattan. The trial will review six additional claims including falsifying business records, insurance fraud and conspiracy, and address how much the defendants should pay in penalties. He also faces a January civil damages trial for defaming a writer who accused him of rape, which he denies.

Persons: Donald, Donald Trump, Letitia James, Shannon Stapleton, Arthur Engoron, Engoron, James, Trump, Chuck Schumer, ”, Joe Biden, Donald Bender, Kevin Wallace, James ’, Bender, Donald Jr, Eric, “, ” Trump, Trump’s, Christopher Kise, Michael Cohen Organizations: YORK, Former U.S, Trump Organization, REUTERS, Pool, Trump and New York, Republican, Democratic, Trump, Democrat Locations: Manhattan, New York City, U.S, New York

DES MOINES, Iowa (AP) — An estimated $1.04 billion Powerball jackpot will be up for grabs Monday night, tempting players to spend a couple dollars on a longshot chance at instant riches. The prize is the world's ninth-largest lottery prize behind earlier drawings of Powerball and Mega Millions, the other nearly nationwide lottery game. That losing streak reflects the stunningly long odds of winning the jackpot, at 1 in 292.2 million. The $1.04 billion jackpot is for a sole winner who chooses to receive the winnings through an annuity, paid annually over 30 years. Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Organizations: DES, Powerball, D.C, U.S . Locations: DES MOINES, Iowa, Washington, Puerto Rico, U.S, U.S . Virgin Islands

☆ Peru seeks mining investment revival with pledge to end 'chaos, disorder'
▼ + stars: | 2023-09-27 | by ( Marco Aquino | ) www.reuters.com time to read: +4 min

[1/2] Trucks remain stuck during a roadblock caused due to a demonstration by anti-government protestors demanding the resignation of Peru's President Dina Boluarte, in Condoroma in Cusco region, Peru February 4, 2023. REUTERS/Pilar Olivares/File Photo Acquire Licensing RightsSummaryCompanies Peru mining investment expected to drop 18% this yearMiners push to use contractorsGovernment aims to streamline environmental permittingLIMA, Sept 27 (Reuters) - Peru is looking to put the "chaos" of months-long protests earlier this year behind it to revitalize flagging mining investment in the world's no. As a mining conference in the southern Andean region of Arequipa got started this week, Prime Minister Alberto Otarola addressed concerns about political instability and protests that have led to an expected 18% drop in mining investment this year. The last major investment in Peru was Anglo American (AAL.L)'s $5 billion Quellaveco project, which came online last year and has helped buffer production figures. Reuters GraphicsReporting by Marco Aquino; Editing by Adam Jourdan and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Dina Boluarte, Pilar Olivares, Alberto Otarola, Otarola, Raúl Jacob, Pedro Castillo, Boluarte, Mines Oscar Vera, Victor Gobitz, Gobitz, Marco Aquino, Adam Jourdan, Sonali Paul Organizations: REUTERS, Companies, Miners, Reuters, Mining, Grupo Mexico's, Reuters Graphics, of Energy, Mines, BHP, Mitsubishi, Thomson Locations: Condoroma, Cusco region, Peru, Companies Peru, LIMA, Arequipa, American, Teck

NEW YORK (AP) — A judge ruled Tuesday that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House. Engoron’s ruling, in a phase of the case known as summary judgment, resolves the key claim in James’ lawsuit, but several others remain. “Today, a judge ruled in our favor and found that Donald Trump and the Trump Organization engaged in years of financial fraud," James said in a statement. James’ lawsuit is one of several legal headaches for Trump, the Republican front-runner in next year's election. James’ lawsuit does not carry the potential of prison time, but could complicate Trump's ability to transact real estate deals.

Persons: —, Donald Trump, Judge Arthur Engoron, Letitia James, Engoron, Christopher Kise, ”, Kise, Eric, Engoron's, Eric Trump, “, James ’, Trump, James, He'll, James wasn’t, ” Trump, Allen Weisselberg, Michael Cohen, Eric Tucker, Jill Colvin, Bernard Condon, David B, Caruso Organizations: White, New York, Trump Organization, Trump, New, Democrat, Mar, Republican, D.C, Buffalo Bills, Trump Foundation, Associated Press, Washington , D.C Locations: New York, United States, Lago, Florida, Manhattan, Georgia, Washington, Washington ,, Summerville , South Carolina

☆ Biden will join striking auto workers on the picket line in Detroit — the first time a sitting US president has done so
▼ + stars: | 2023-09-26 | by ( Associated Press | ) www.businessinsider.com time to read: +8 min

Biden will join the striking United Auto Workers on the picket line — a first for any president. Trump, like Biden, will also head to Detroit and hold an event to garner support for his 2024 run. Many unions have endorsed Biden but blue-collar workers are split on who they're voting for. "He is pro-UAW, he is pro-workers, that is this president," White House press secretary Karine Jean-Pierre said Monday. She said it was "great that we have a president who wants to support local unions and the working class."

Persons: Biden, Trump, —, Joe Biden's, Franklin Delano Roosevelt, Harry Truman, Theodore Roosevelt, Roosevelt, Donald Trump, autoworkers, Erik Loomis, Matt Rourke Biden, Gallup, Julie Chavez Rodriguez, Cesar Chavez, President Trump, Joe Biden, Jason Miller, Shawn Fain, Karine Jean, Pierre, Carolyn Nippa, Nippa, Dave Ellis, he's, Ellis, Gene Sperling, Julie Su Organizations: United Auto Workers, Service, Republican, Democratic, The, University of Rhode, UAW, White, General Motors, Associated Press, United Farm Workers, Biden, Trump, Labor Locations: Detroit, Las Vegas, The Palms, University of Rhode Island, California, Hollywood, Pennsylvania, Michigan, Palestine, Ohio, Van Buren Township , Michigan, Washington

They gave everything from their pensions on, and they saved the automobile industry,” Biden said Monday from the White House. Biden is also leaning in on his union support at a time when labor enjoys broad support from the public, with 67% of Americans approving of labor unions in an August Gallup poll. White House officials dismissed the notion that Trump forced their hand and noted that Biden was headed to Michigan at the request of UAW President Shawn Fain, who last week invited the sitting president to join the strikers. “He is pro-UAW, he is pro-workers, that is this president,” White House press secretary Karine Jean-Pierre said Monday. Dave Ellis, who stocks parts at the distribution center, said he’s happy Biden wants to show people he’s behind the middle class.

Persons: Joe Biden’s, Franklin Delano Roosevelt, Harry Truman, Theodore Roosevelt, Roosevelt, Biden, —, ”, Erik Loomis, “, ” Biden, Donald Trump, Gallup, Trump, President Trump, Joe Biden, Jason Miller, Shawn Fain, Karine Jean, Pierre, Carolyn Nippa, ” Nippa, “ I’m, Dave Ellis, he’s, Ellis, Gene Sperling, Julie Su, ___ Krisher, Jill Colvin Organizations: WASHINGTON, United Auto Workers, Democratic, The, University of Rhode, UAW, White, Republican, Biden, ”, Trump, Labor, Associated Press Locations: Las Vegas, The Palms, University of Rhode Island, Detroit, California, Hollywood, Michigan, Pennsylvania, Palestine, Ohio, Van Buren Township , Michigan, Washington, Summerville , South Carolina

☆ Indonesia's EV ambitions could help boost investments in the rest of Southeast Asia
▼ + stars: | 2023-09-25 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +1 min

Korean automobile manufacturer Kia displays the electric vehicle "EV6 GT-Line" during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023. Indonesia's EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia's automotive industry more broadly. Indonesia could be the "gateway" to the rest of the Association of Southeast Asian Nations, said Anindya Novyan Bakrie, CEO and president director of Bakrie & Brothers, an Indonesian conglomerate whose electric vehicle unit VKTR manufactures electric buses as well as EV parts. The Southeast Asian country is rich in copper, nickel, cobalt and bauxite — materials essential for the manufacturing of electric vehicle batteries. Indonesia is the largest nickel exporter, accounting for 22% of the world's reserves, according to a report by the ASEAN Briefing.

Persons: Anindya Novyan Bakrie, Tesla Organizations: Kia, Indonesia's, Association of Southeast Asian Nations, Bakrie, Brothers, ASEAN, BMI Fitch Solutions, CNBC Locations: Indonesia, Tangerang, Indonesian

☆ ‘Monster Fracks’ Are Getting Far Bigger. And Far Thirstier.
▼ + stars: | 2023-09-25 | by ( Hiroko Tabuchi | Blacki Migliozzi | ) www.nytimes.com time to read: +23 min

Dallas TEXAS Austin Houston San Antonio Dallas TEXAS Austin Houston San Antonio TEXAS TEXAS Amarillo Lubbock Dallas El Paso TEXAS Austin Houston San Antonio Corpus Christi UNCHARTED WATERS ‘Monster Fracks’ Are Getting Far Bigger. Water wells that supply fracking Nationwide, fracking has used up nearly 1.5 trillion gallons of water since 2011. Now they account for almost two out of every three fracking wells in Texas, the Times analysis found. ‘Monster fracks’ take off in Texas Proportion of fracks Source: FracFocus chemical disclosure database as of Aug. 1, 2023. In 2020, New Mexico halted sales of water supplies to oil and gas companies fracking on state land.

☆ Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of mega-billionaires enjoying an eye-watering wealth jump in 2023
▼ + stars: | 2023-09-22 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of billionaires who saw the biggest wealth increases in 2023. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Musk saw the steepest jump in net worth with a $99 billion increase to $236 billion, cementing his position as the world's richest person. 2 on the list of wealth gainers, with a $61.9 billion increase in his riches to $108 billion. Nvidia CEO Huang's wealth surged by $22.2 billion in 2023 as the chipmaker's stock rocketed 187%, outperforming every other stock in the S&P 500 index.

Persons: Elon Musk, Mark Zuckerberg, Jeff Bezos, Nvidia's Jensen Huang, Larry Page, Sergey Brin, Musk, Zuckerberg, Larry Ellison, Steve Ballmer, Michael Dell, Amancio Ortega, Ortega Organizations: Bloomberg, Google, Service, Meta, Nvidia Locations: Wall, Silicon

The sample capsule will parachute into the Utah desert as its mothership, the Osiris-Rex spacecraft, zooms off for an encounter with another asteroid. The asteroid samples will be handled inside nitrogen-purging gloveboxes by staff in head-to-toe clean room suits. ASTEROID AUTUMNThis fall is what NASA is calling Asteroid Autumn, with three asteroid missions marking major milestones. Both the NASA spacecraft and its target — a metal asteroid — are named Psyche. Japan’s first asteroid sample mission returned microscopic grains from asteroid Itokawa in 2010.

Persons: —, ”, University of Arizona’s Dante Lauretta, Rex, Bennu, Lauretta, NASA’s, Johnson, Kevin Righter, Lucy Organizations: NASA, University of Arizona’s, Empire, Defense Department’s Utah, NASA’s Johnson Space Center, Apollo, Soviet Union, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Utah, Japan, Bennu, Colorado, Houston, Antarctica, Cape Canaveral , Florida, U.S, China

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