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☆ Stocks slide as Wall Street worries about the economy’s health
▼ + stars: | 2024-06-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks tumbled Monday after fresh data stoked concerns about the economy’s health. Investors have in recent weeks grappled with data that suggests inflation is continuing to run hot while the economy cools. The Personal Consumption Expenditures price index, the Fed’s preferred inflation gauge, showed Friday that inflation stayed stubbornly high in March. New gross domestic product data released last Thursday showed that the US economy expanded at a weaker pace earlier this year than initially reported. Elsewhere, the New York Stock Exchange said Monday that a technical issue that halted trading for some stocks and caused Berkshire Hathaway shares to be down 99.97% has been resolved.

Persons: Dow, ”, José Torres, cinched, Keith Lerner, Berkshire Hathaway Organizations: New, New York CNN, Nasdaq, Institute for Supply Management, Interactive Brokers, Federal Reserve, PCE, Commerce Department, Commerce, New York Stock Exchange, Berkshire Locations: New York

☆ Claudia Sheinbaum, Mexico’s first woman president, promises to govern for all. Here are the top challenges she’ll face
▼ + stars: | 2024-06-03 | by ( Tara John | ) edition.cnn.com time to read: +10 min

Complicating her administration’s debut, Sheinbaum will also have to contend with the shadow of her polarizing mentor, the outgoing President Andres Manuel López Obrador, from the same Morena party. In a speech following the election, Sheinbaum promised to govern for all and to be an investor-friendly president. Mexican President Andres Manuel Lopez Obrador raises Sheinbaum's hand after she was sworn in as Mexico City's mayor on December 5, 2018. Sheinbaum condemned the violence following Hamas’ October 7 attack on Israel and has previously called for a Palestinian state. Still, under López Obrador, the Mexican government has accepted US deportations of tens of thousands of non-Mexican citizens under a 2023 Biden administration rule.

Persons: Claudia Sheinbaum, Sheinbaum, Andres Manuel López Obrador, “, ”, Carin Zissis, López Obrador, Andres Manuel Lopez Obrador, Alfredo Estrella, ” Zissis, ” López Obrador, Jorge Zepeda, ” Stephanie Brewer, Jose Luis Gonzalez, Will Freeman, ” Freeman, López, coy, Freeman, Herika Martinez, ’, Joe Biden, Donald Trump –, Zissis, Brewer, Will Sheinbaum, Mau Torres, Ivonne Valdés Organizations: CNN, Bank of, Americas Society, Mexico City's, Getty, Washington Office, Latin, Mexican Army, National Guard, Reuters, Mexico City, Council, Foreign Relations, Crisis Group, Defense, “, US Border Patrol, AFP, American, Israel, Biden, United Locations: Mexico, Mexico City, Morena, Bank of Mexico, ”, AFP, Sheinbaum, Latin America, WOLA, Operation, Ciudad Juarez, Mexico’s, Morelos, Cuautla, Washington, States, Cuba, Venezuela, Nicaragua, Gaza, Ukraine, El Paso , Texas, Chihuahua State, Israel, Palestinian, La Jornada, United States

☆ Forget traveling to Europe. I get my fill of Spanish architecture, culture, and cuisine by visiting an excellent city in northeast Florida.
▼ + stars: | 2024-06-03 | by ( Megan Dubois | ) www.businessinsider.com time to read: +5 min

AdvertisementI made a point to visit the Villa Zorayda MuseumThe Villa Zorayda Museum was modeled after the Alhambra Palace in Spain. Megan duBoisI've passed by the Villa Zorayda Museum many times while exploring St. Augustine, but I'd never ventured inside until this visit. The Spanish influence is visible all over the city's architectureMore showcases of Spanish architecture can be found around the city. For a Spanish-inspired drink, I went straight to Columbia RestaurantI love the white sangria at Columbia Restaurant. I shared a pitcher of white sangria with two other people, and it was loaded with fresh citrus and a splash of Torres 10 brandy.

Persons: —, I've, Megan duBois I've, Augustine, I'd, Megan duBois, Ponce de Leon Hall, Leon Hall, Ponce de Leon, George Street, Castillo, San, Castillo de San, San Marcos — Organizations: Service, Business, Villa Zorayda, Villa Zorayda Museum, Ponce de, Leon, Ponce, Lightner, Museum, Spanish, Columbia, Historic District, San Marcos Locations: Spain, Barcelona, St, Augustine , Florida, Jacksonville, Granada, Moroccan, Ponce, Flagler, Ponce de, Spanish, Penedes, San Marcos, Castillo de San Marcos

☆ Trump holds campaign rally in the Bronx as he seeks to make inroads with Hispanic and Black voters
▼ + stars: | 2024-05-23 | by ( Kate Sullivan | ) edition.cnn.com time to read: +4 min

CNN —Former President Donald Trump is scheduled to hold a rally Thursday in the Bronx as his campaign looks to make inroads with Hispanic and Black voters ahead of November’s election. A Trump campaign official told CNN that several factors, including the former president’s long history of living and working in New York and his efforts to win over minority voters, played into the decision to hold the Bronx rally. The Bronx is a Democratic stronghold, which Trump lost by about 68 points to Joe Biden in 2020. Residents in the South Bronx, where Trump’s rally is taking place, are mainly Hispanic (64%) and Black (31%), according to the US Census Bureau. Several House Republicans from New York said they could no longer make it to Trump’s event due to changes in the chamber’s voting schedule Thursday.

Persons: Donald Trump, Trump, Joe Biden, Hillary Clinton, “, Elise Stefanik, ”, Barack Obama, Janiyah Thomas, Alexandria Ocasio, Cortez, Ritchie Torres, Torres, CNN’s Kit Maher Organizations: CNN, Trump, New York, Republican, Democratic, Residents, Census Bureau, Republicans, Biden, Americans, African, gaslight, NY1, The New York Times Locations: Bronx, Trump’s New York, New York, Crotona Park, South Bronx, Manhattan, New, “ New York, Central Park, Charlottesville , Virginia, Cortez, Crotona

☆ TSA agents think the crew-member lane at airports is a huge security flaw that staff abuse for smuggling
▼ + stars: | 2024-05-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewAirport security officers have concerns over the special crew-member lanes that enable flight attendants and airline pilots to bypass typical passenger screening procedures. However, former and current TSA agents told Business Insider the lanes were "terrible" and that cabin crews could be "a bigger flight risk than the passengers themselves." 'KCM should be eliminated'TSA agents told BI these stories of cabin-crew wrongdoing "completely breach the trust that we put in them." "Transportation Security Officers conduct security screening for prohibited items at airport checkpoints and checked baggage screening," a TSA spokesperson told BI. However, Harmon-Marshall said airlines should do a better job of educating their crews about the dangers of the program, particularly when a flight crew is walking around in their uniforms.

Persons: —, John F, Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, Dennis Ring, Marsha Gay Reynolds, Ben Schlappig, Schlappig, Caleb Harmon, Marshall, Harmon, there's, they'll, they're, they'd Organizations: Service, Transportation Security Administration, Airlines for America, Air Line Pilots Association, International, Business, TSA, Kennedy International, Prosecutors, Delta Air Lines, NBC News, New York Post, Airlines, America, Transportation Locations: New York

The Joint Program Office declined to comment to Military.com regarding the restriction. A spokesperson for the Marine Corps could not provide details on the restriction but said efforts are underway to return the aircraft to full operations. Pedro Caballero, a spokesperson for the Marine Corps, told Military.com when asked whether the restrictions applied to its roughly 350 Ospreys, the vast majority of the military's fleet. US Marine Corps MV-22B Ospreys take off at Port Darwin in Australia. An MV-22B Osprey conducts an external lift with US Marines during helicopter support team training at Marine Corps Air Station in Miramar, California.

Persons: —, Military.com, Beth Teach, Cpl, Juan Torres, Capt, Pedro Caballero, Caballero, Colton Martin Lt, Rebecca Heyse, Amelia Kang, Brian Taylor, Taylor, Juan Paz Taylor Organizations: Service, Force, Marine Corps, Ospreys, Business, Navy, Naval Air Forces, Office, Naval Air Systems Command, Royal Australian Air Force Base, US Marine Corps, Corps, Port Darwin, Air Force Special Operations Command, Greyhound, House Armed Services, US Marines, Marine Corps Air, Services, Aviation, Air Force, Marines, Program Office, Marine, US Air National Guard, Staff Locations: Japan, Port, Australia, Miramar , California, Darwin, Washington ,, Lemonnier, Djibouti

☆ Election Updates: After a week in court, Trump steps out to Minnesota and Texas. Next up, the Bronx.
▼ + stars: | 2024-05-18 | by ( Katie Glueck | Maggie Haberman | ) www.nytimes.com time to read: +2 min

Former President Donald J. Trump, who has been spending much of his time recently as a criminal defendant in a Manhattan courtroom, will be in a different New York borough next Thursday, when he will hold a campaign event in the Bronx. But Mr. Trump’s aides have been discussing an event in the South Bronx for weeks. Last month, in his first campaign stop since the start of the trial, Mr. Trump visited a bodega in Harlem, attacking the district attorney prosecuting him and casting himself as tough on crime. The former president told donors at a Manhattan fund-raiser this week that he was planning something in the South Bronx, making a joke that he might get hurt in the neighborhood. You may never see me again,” he said, prompting laughter, according to an attendee who spoke on the condition of anonymity to describe the private event.

Persons: Donald J, Trump, Biden, Trump’s, “ We’re, ”, Ritchie Torres, Donald Trump, Mr, Torres Organizations: Republican, ”, New York Democrat, Bronx Locations: Manhattan, New York, Bronx, Crotona, South Bronx, New York City, bodega, Harlem

☆ Seize The Grey wins Preakness Stakes as Derby winner Mystik Dan comes in second
▼ + stars: | 2024-05-18 | by ( Ben Church | Kevin Dotson | ) edition.cnn.com time to read: +3 min

CNN —Seize The Grey bested an eight-horse field to win the 149th running of the Preakness Stakes at a muddy Pimlico Race Course in Baltimore. Entering the race at 9-1 odds, Seize The Grey ran ahead of Kentucky Derby winner Mystik Dan throughout the race. For the first time in 85 years, the Preakness Stakes was being run on a muddy track, conditions which clearly suited the three-year-old colt. Jockey Jaime Torres, competing in his first Preakness Stakes, rode Seize The Grey to a wire-to-wire victory. Rob Carr/Getty ImagesDramatic Kentucky DerbyEntering the race at 18-1 odds, three-year-old Mystik Dan came out victorious after an incredibly close Kentucky Derby.

Persons: Mystik Dan, Jaime Torres, Wayne Lukas, Bob Baffert, Rob Carr, Dan, Young, Brian Hernandez Jr, ” Mystik Dan, Charlie Riedel, Muth, Mystik, Ray Bryner, “, He’s, Bryner, Wayne Lukas ’ Organizations: CNN, Kentucky Derby, Preakness, Triple, Derby, Sierra, NBC, Jet Locations: Baltimore, Elmont , New York, Kentucky, Sierra Leone, Faultless, Churchill Downs

☆ Rep. Ritchie Torres talks lithium-ion battery safety legislation
▼ + stars: | 2024-05-17 | 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 EmailRep. Ritchie Torres talks lithium-ion battery safety legislationHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Ritchie Torres, Brian Sullivan, “ Organizations: Rep, CNBC

☆ AI-generated influencer ads are having a moment. But they won't replace humans, industry insiders say.
▼ + stars: | 2024-05-17 | by ( Marta Biino | ) www.businessinsider.com time to read: +7 min

Read previewThe first time he saw a short-form video ad made entirely using AI, Will Sartorius thought it was "mind-boggling." Sartorius is the CEO of the agency SelfMade, which works primarily with direct-to-consumer brands on social advertising. In March, Sartorius came across a viral ad in the style of user-generated content that was made using the AI tool Arcads. AdvertisementPatricia Redulla is a user-generated content creator. This includes sentences that warn against using generative AI for anything from idea generation to scripts to editing.

Persons: —, Will Sartorius, Sartorius, Ariel Marie, It’s, …, — Beck, ike H, ince, ptions, riel, arie, ould, ake, l, ike, ork, eason, anders, arn Organizations: Service, Business Locations: uman

☆ In-N-Out Burger is one of the 10 best-led companies in America, says new report—a workplace culture expert isn't surprised
▼ + stars: | 2024-05-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The In-n-Out logo is displayed on the front of an In-n-Out restaurant on October 28, 2021 in Pleasant Hill, California. The new ranking doesn't surprise LaShawn Davis, a leadership and workplace culture expert who founded and runs consulting firm The HR Plug. Davis has worked in human resources for more than a decade, and says it's clear why In-N-Out Burger rivals those tech companies when it comes to leadership and culture. "It starts with the CEO," Davis tells CNBC Make It. In-N-Out's CEO is Linsi Snyder, 42, who took over her family's business at age 27 after a series of family deaths.

Persons: Burger, LaShawn Davis, Davis, Linsi Snyder, Snyder, NBC's, Lynsi Snyder, Lynsi Torres, Rod Association's Lucas, Bob Johnson, —, Forbes —, Daniel Zhao, who've, Zhao Organizations: Nvidia, CNBC Locations: Pleasant Hill , California, Burger, Redding , California

☆ Schools are bracing for widespread teacher layoffs. Here’s why
▼ + stars: | 2024-05-11 | by ( Katie Lobosco | ) edition.cnn.com time to read: +6 min

The funds must be used by the end of September, creating a sharp funding cliff as schools also struggle with widespread enrollment declines and inflation. Many districts have warned of layoffs as the current school year comes to a close and next year’s budgets are planned. Not only is the federal funding ending, but enrollment at the district’s schools has fallen by nearly 500 students – or roughly 5% – since 2019. Pandemic aid comes to an endAfter the Covid-19 pandemic hit in 2020, Congress authorized three rounds of federal funding to help K-12 schools respond. But that’s partly because some districts, flush with pandemic funding, have been adding positions while enrollment in public schools has been declining nationally.

Persons: Joe Biden, Micah Hill, Hill, Leslie Torres, Rodriguez, ”, Dan Goldhaber, –, Chad Aldeman, Heather Peske, Peske, it’s, ” Peske Organizations: Washington CNN — Schools, Public Schools, CNN, Hartford Public Schools, Secondary School Emergency, “, National Council Locations: Missoula , Montana, Missoula, Arlington , Texas, Hartford , Connecticut, Hartford, –, CALDER, Washington

☆ Election Updates Partisan fight in Ohio threatens to keep Biden off the November ballot.
▼ + stars: | 2024-05-10 | by ( Chris Cameron | ) www.nytimes.com time to read: +4 min

Ohio was one of three states that had warned the Democratic Party that Mr. Biden could be left off the ballot because the Democratic National Convention would take place after certification deadlines for presidential nominees. Election officials in Washington State also signaled that their state would accept a provisional certification of Mr. Biden’s nomination. Charles Lutvak, a spokesman for the Biden campaign, said that Mr. Biden would be on the ballot in all 50 states. Republicans in Ohio have said that passing the ban on foreign donations is the price that Democrats will have to pay to ensure that Mr. Biden is on the ballot in the state. “If Ohio bars Biden from the ballot, the Supreme Court should order him back on the ballot just like it did with Trump in Colorado,” Ms. Torres-Spelliscy said.

Persons: Biden, Mr, Biden’s, Frank LaRose, LaRose, Jason Stephens, Charles Lutvak, ” Mr, Lutvak, Barack Obama, Mitt Romney, Donald J, Trump, Hansjörg Wyss, Wyss, Joe Biden, ” Ciara Torres, Ms, Torres, Spelliscy Organizations: Democratic Party, Democratic, Convention, Alabama, State Legislature, Republican, General Assembly, Republicans, Ohio Senate, Democrats, state’s Senate Republican, Stetson University, Biden, Trump, Colorado Locations: Ohio, Washington State, Alabama, Swiss, state’s, Florida, Colorado, . Ohio, —

☆ A rare hostile takeover bid in Europe's banking sector has shocked markets
▼ + stars: | 2024-05-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A logo outside the Banco Sabadell SA offices at the Banc Sabadell Tower in Barcelona, Spain, on Wednesday, May 1, 2024. Spanish bank BBVA caught markets by surprise on Thursday after it announced a rare hostile takeover bid for domestic rival Banco Sabadell, with one investment firm describing the situation as "very strange." The move comes shortly after a separate 12 billion euro ($12.87 billion) takeover offer from BBVA to Sabadell's board was rejected earlier in the week. BBVA said its takeover offer has the same financial terms as the merger offered to Sabadell's board. Shares of BBVA fell 6% at around midday London time on Thursday, while Sabadell's stock price rose more than 3%.

Persons: Carlos Torres Vila Organizations: Banco Sabadell SA, BBVA, Banco Sabadell, Banco Locations: Banc, Barcelona, Spain, Spanish

☆ Spain's BBVA announces $13 billion hostile takeover bid for Sabadell
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +1 min

The headquarters of the Spanish bank BBVA are seen in Madrid, Spain. Spanish bank BBVA on Thursday presented a 12.23 billion euro ($13.11 billion) takeover bid for rival Sabadell directly to shareholders, even though Sabadell's board this week already rejected the proposal on the same terms. BBVA's decision follows Sabadell's board on Monday saying the unsolicited bid significantly undervalued the bank's potential and growth prospects. BBVA, Spain's second-biggest bank by market value after Santander, offered an exchange ratio of 1 newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices. Spanish banks have been looking for ways to increase revenue as a boost from high interest rates begins to fade.

Persons: Carlos Torres Vila Organizations: BBVA, Sabadell, Banco, Hostile, UBI Banca, Spain's, Santander Locations: Spanish, Madrid, Spain

☆ 4 flight attendants smuggled millions in drug money out of the US using the crewmember lane at JFK, prosecutors say
▼ + stars: | 2024-05-09 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Using this status, they could access a special security lane at John F. Kennedy International Airport without undergoing typical passenger screening procedures. Advertisement"Flight attendants are ideal for smuggling bulk cash" for this reason, a Homeland Security Investigations special agent wrote in the indictments. Related storiesThe pair believed the money was the proceeds of narcotics trafficking and needed to be transported, according to the indictment. AdvertisementHe said the investigation "exposed critical vulnerabilities in the airline security industry" and has "illuminated methods that narcotics traffickers are utilizing."

Persons: —, — Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, John F, Damian Williams, Hernandez, Pujols, Torres, Fabio, HSI, Ivan J, Arvelo Organizations: Service, Business, US, Office, of, Transportation Security Administration, Kennedy, Homeland Security Investigations, Pujols, Customs, Border, JFK, Delta Airlines, NBC News, Delta Locations: New York, Dominican Republic, Southern, of New York

☆ 4 realistic steps to starting a passive income side hustle: What social media may not tell you
▼ + stars: | 2024-05-08 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

Starting a passive income side hustle may look quick and easy on TikTok. Make It spoke with a group of experts who've built passive income businesses and scaled them into six-figure successes. JP Mancini II turned his boat chartering side hustle into mostly passive six-figure income. Ryan Hogue, 35, left his web development career in 2020 to focus on building passive income streams. DON'T MISS: The ultimate guide to earning passive income online After roughly a year, Torres left her engineering role.

Persons: Jannese Torres, D'Lites, Dinero, podcaster, JP Mancini, Florida —, JP Mancini II, Mancini, Ryan Hogue, Ryan Hogue Gamifying, Hogue, Rather, Torres, Jasmine McCall, McCall Organizations: CNBC, SXSW Locations: Hampton , Virginia, Key West, Florida, Puerto Rican

☆ Spanish bank Sabadell rejects $12.9 billion BBVA merger proposal
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +3 min

Sabadell's board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday. Last week, BBVA had offered an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices. Since the indicative offer was announced by BBVA, Sabadell have risen 8.8% while shares in BBVA have fallen 9.7%. Taking into account Monday's closing share price, the premium would just be equivalent to 7.8%, valuing Sabadell at around 11 billion euros. The combined entity would also overtake Caixabank as the biggest domestic lender in Spain with over 625 billion euros in assets in the country, compared with Caixabank's just over 574 billion euros.

Persons: Sabadell's, Carlos Torres, Caixabank, Caixabank's Organizations: BBVA, Banco Sabadell, Sabadell, Santander Locations: Spanish, Madrid, Spain, Sabadell

☆ Eleia Maria Torres: A missing New Mexico infant has been found and a suspect in her disappearance is in custody, FBI says
▼ + stars: | 2024-05-06 | by ( Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —A 10-month-girl police said was abducted from a New Mexico park Friday after the death of her mother and another woman has been found and a suspect is in custody, the FBI announced Monday morning. The bureau did not provide further details on Eleia Maria Torres’ condition and the suspect was not immediately named. The women, both 23, were found with “apparent gunshot wounds” on the ground near a minivan, the police statement said. At the scene, officers also discovered “an infant car seat, an infant stroller and a small baby bottle at the scene,” and began searching for a young child, police said. “Through interviews with family members, investigators learned Samantha Cisneros was the mother to the young female child found at the scene and was also the mother to a 10-month-old child, Eleia Maria Torres,” the news release said.

Persons: Eleia Maria Torres, Samantha Cisneros, Eleia’s, Taryn Allen, stroller, ”, “, Clovis, ” Raul Bujanda, CNN’s Christine Sever Organizations: CNN, FBI, Eleia, Sunday . Police, FBI Albuquerque Division Locations: New Mexico, Covis, Albuquerque, Amarillo , Texas

☆ 39-year-old who makes $9,300/mo in passive income: My No. 1 piece of side hustle money advice
▼ + stars: | 2024-05-01 | by ( Jannese Torres | ) www.cnbc.com time to read: +6 min

Today, at 39, I have seven income streams, including affiliate marketing, blog and podcast ads, speaking engagements, digital courses, AirBnB rental income and brand partnerships. I used to use basic spreadsheets to reconcile my side hustle income and expenses, and I usually only did this at year's end, so I had little idea what was happening throughout the year. Setting up your business finances involves several important steps to ensure that you can effectively manage your income, expenses and overall financial health. Cash accounting records transactions when money actually changes hands, while accrual accounting records them when they occur, regardless of when payment is received. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Dinero, Jannese Torres Organizations: CNBC Locations: Puerto Rican

☆ Rep. Torres on 'antisemitism monitor' bill: The status quo is fundamentally failing Jewish students
▼ + stars: | 2024-05-01 | 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 EmailRep. Torres on 'antisemitism monitor' bill: The status quo is fundamentally failing Jewish studentsRep. Ritchie Torres (D-N.Y.) and Rep. Mike Lawler (D-N.Y.) join 'Squawk Box' to discuss details of a bipartisan legislation to create federally sanctioned 'third party antisemitism monitor' to select college campuses that are federally funded, the rise of antisemitism on college campuses, and more.

Persons: Torres, Ritchie Torres, Mike Lawler Organizations: Rep

☆ Spain's BBVA takes aim again at $10 billion Sabadell
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: +2 min

The headquarters of the Spanish bank BBVA are seen in Madrid, Spain. Talk of a tie-up between Spain's second and fourth-largest banks comes almost four years after previous negotiations collapsed. The potential merger follows a period of consolidation in the sector as Spanish banks seek to cut costs and boost scale. For BBVA, a tie-up would boost its domestic business and increase lending to small and medium-sized companies, where Sabadell is strong. Spain's Economy Minister Carlos Cuerpo told Spanish news agency EFE that it was essential to preserve a competitive landscape in the financial sector.

Persons: BBVA's, Onur Genc, Carlos Torres, Joaquin Robles, JP Morgan, Carlos Cuerpo, EFE Organizations: BBVA, Sabadell, XTB, Unicaja, UBS, JPMorgan Locations: Spanish, Madrid, Spain, Santander's

☆ 'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
▼ + stars: | 2024-05-01 | by ( Emily Wilkins | ) www.cnbc.com time to read: +5 min

Banks help fund the vast majority of renewable energy projects through tax equity investments, which allow the banks to benefit from federal tax credits for renewable energy. Currently, renewable energy draws $18 billion to $20 billion annually through tax equity investments, according to the American Council on Renewable Energy. "Many people joke that we're on the 'solar-coaster,'" Torres said about the ups and downs of renewable energy. The higher capital requirements for renewable energy projects in Basel III puts the regulation on a collision course with the Biden administration's push for cleaner and greener energy sources. "The clean energy industry's experience with tax equity investments does not warrant such a radical change," the group's letter read.

Persons: Julian Torres, Torres, he's, Banks, Jerome Powell, Biden, Dominic Lacy, Sean Casten Organizations: D.C, Gallaudet University, Washington , D.C, Gallaudet, Federal Reserve, FDIC, American Council, Renewable Energy, Basel III, Tesla, American Bankers Association, Bank, Institute, Clean Energy State Alliance Locations: Washington ,, Basel

☆ Meet the little people whose bodies may hold a key to longevity
▼ + stars: | 2024-04-30 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

Sandra TorresTorres has a rare disorder called Laron syndrome that is caused by a genetic mutation. “This is how powerful this mutation seems to be.”What is Laron syndrome? Laron syndrome is a recessive gene, so only those who receive a copy from each parent will be affected. The condition leads to extreme obesity, a trigger for diabetes, heart disease, cancer and other diseases. While technically overweight at 100 pounds (45.4 kilograms), she was in good health, with no signs of diabetes or heart disease.

Persons: Paola Castro Torres, ” Torres, Torres, “, ” Nathaly Paola Castro Torres, Sandra Torres Torres, ”, Valter Longo, Longo, Laron, Jaime Guevara, Aguirre, Guevara, ” Longo, ” Guevara, Andrew Freeman, Freeman, ” Hope, it’s Organizations: CNN, gerontology, University of Southern, of Endocrinology, Laron, Jewish Health Locations: Los Angeles, Quito, Ecuador, University of Southern California, Israel, Yemen, East, United States, Croatia, Ireland, Denver

☆ Ahmad Vahidi: Argentina seeks arrest of Iranian minister over 1994 bombing of Jewish community center
▼ + stars: | 2024-04-24 | by ( Abel Alvarado | Mauricio Torres | ) edition.cnn.com time to read: +2 min

CNN —Argentina is seeking the arrest of Iran’s Interior Minister Ahmad Vahidi for allegedly being one of the perpetrators of the 1994 bombing of a Jewish community center in the capital Buenos Aires. The Argentine Foreign Ministry said in a statement Tuesday that, at its request, Interpol had issued a red notice for Vahidi’s arrest over the bombing of the Argentine Israelite Mutual Association (AMIA). The aftermath of the bomb attack at the AMIA center in Buenos Aires on July 18, 1994. Diego Levy/Bloomberg/Getty ImagesThe 1994 attack – the worst in Argentina’s history – killed 85 people and injured about 300. “Thank you to President (Javier) Milei and Foreign Minister Diana Mondino for the request to issue an order for his arrest for the attack against the Jewish community,” he wrote.

Persons: Ahmad Vahidi, Vahidi, Diego Levy, –, Nasser Kanaani, ”, Israel Katz, Argentina’s, Javier, Milei, Diana Mondino, “, Ayatollah Ali, Khamenei Organizations: CNN —, Argentine Foreign Ministry, Interpol, Argentine Israelite Mutual Association, CNN, Español, Bloomberg, Getty, Iran’s Foreign, ” Israel’s Locations: CNN — Argentina, Buenos Aires, Argentina, Iran

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