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☆ Rafael Nadal: ‘Everything he does in life, he does with intensity and passion,’ says Feliciano López
▼ + stars: | 2024-10-11 | by ( Amanda Davies | Samuel Joseph | ) edition.cnn.com time to read: +4 min

CNN —The tennis world is still reeling after Rafael Nadal announced that his illustrious career would be coming to an end next month. The 22-time grand slam champion said on social media on Thursday that his final tournament will be with Spain at the Davis Cup finals in November. Playing on home soil in Málaga, the 38-year-old Nadal will be part of a Spain team competing for a seventh Davis Cup title. Everything he does in his life, he does with a lot of intensity and passion. So to have Rafa as a teammate is a huge privilege.”The 43-year-old recounted a story from Nadal’s Davis Cup debut in 2004.

Persons: Rafael Nadal, Feliciano López, Nadal, Rafa, ” López, CNN’s Amanda Davies, “, Alex Pantling, Marc López, ”, ” Nadal, López, Nadal’s, ‘ Feli, ’ ” López, Jasper Juinen, Novak Djokovic, Carlos Alcaraz, ” Alcaraz Organizations: CNN, Davis, Spain, Great, ATP, Nadal, Nadal’s Davis, Paris, Team Europe, Shanghai Masters Locations: Spain, Málaga, Great Britain, Beijing, Rio de Janeiro

☆ Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more
▼ + stars: | 2024-10-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Third-quarter adjusted earnings were $1.52 per share, topping the $1.28 per share expected from analysts polled by LSEG. JPMorgan Chase – Shares jumped 4.7% after JPMorgan, the biggest American bank, posted third-quarter results that beat estimates for profit and revenue. BlackRock – Shares climbed 2.8% after the asset manager beat analysts' third-quarter expectations on the top and bottom lines. Bank of New York Mellon – The bank stock dropped 1%, even after the company issued a stronger-than-expected quarterly report. Analysts surveyed by LSEG were expecting $1.42 in earnings per share on $4.54 billion of revenue.

Persons: Morgan Stanley, Wells Fargo, JPMorgan Chase, Walmex –, Fastenal, FactSet, Wells, Warren Buffett's Berkshire Hathaway, Buffett, Natalie Knight, Doug Ostermann, Stellantis, Carlos Tavares, who's, LSEG, Kinder Morgan, Ferrari, BNY, —, Alex Harring, Lisa Kailai Han, Pia Singh, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: San, LSEG, JPMorgan, JPMorgan Chase –, Walmart, Apple Pay, Bank of America, Securities and Exchange Commission, Finance, BlackRock, of, Bank of New York Mellon Locations: San Francisco, LSEG .

☆ Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and more
▼ + stars: | 2024-10-11 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Wells Fargo — Shares of the San Francisco-based lender rose 3%, helped by better-than-expected earnings. However, the bank's revenue of $20.37 billion came in below the $20.42 billion expected, and Wells experienced an 11% decline in net interest income. Tesla , Uber — Tesla shares tumbled 6.4% after its event for the robotaxi, a self-driving cab concept, left investors feeling underwhelmed. Affirm , Flywire — Affirm shares popped 3.1% after Wells Fargo upgraded the buy-now-pay-later stock to overweight from equal weight. Elsewhere in the digital payments space, Wells Fargo downgraded Flywire to equal weight from overweight, sending shares down 2.7%.

Persons: Wells, JPMorgan Chase, Tesla, underwhelmed, Carlos Tavares, Flywire, Mobileye, Morgan Stanley, Kinder Morgan, Ferrari, Lisa Kailai Han, Jesse Pound, Michelle Fox, Yun Li, Sean Conlon Organizations: LSEG, JPMorgan, Revenue, Bank of America, BlackRock, Mizuho, Bank of Locations: San Francisco, Wells, Flywire, Atlassian, China

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat a Google break up would mean for investorsIn August 2024, a federal judge determined that the online search giant Google is a monopolist that wields its power to stifle competition. The court opinion builds on years of investigation into one of the most valuable companies in the U.S. stock market. Some observers believe the raft of antitrust lawsuits could lead to a structural break-up of Google, which could potentially unlock value for investors.

Organizations: Google Locations: U.S

☆ 'Breaking the Silence: The Maria Soledad Case' tells the story of Argentina's first recognized femicide. Here's where Guillermo Luque and Luis Tula are now.
▼ + stars: | 2024-10-10 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

"Breaking the Silence: The Maria Soledad Case" looks at the 1990 murder of a 17-year-old girl. The Netflix documentary explains how Maria Soledad's death sparked national outrage in Argentina. Advertisement"Breaking the Silence: The Maria Soledad Case" shines the spotlight on Argentina's first murder to be classed as femicide. Maria Soledad was 17 when she attended a party in San Fernando del Valle de Catamarca, the capital of Argentina's Catamarca province, on Friday, September 7, 1990. Luis Tula was sentenced to nine years in prison for his involvement in Soledad's murderLuis Tula being escorted by police officers as seen in "Breaking the Silence: The Maria Soledad Case."

Persons: Maria Soledad Case, Maria Soledad's, Guillermo Luque, Luis Tula, —, Maria Soledad, San Fernando del, Ángel Luque, Soledad, Juan Carlos Sampayo's, Luque, Netflix Tula Organizations: Netflix, Service, San Fernando del Valle de Catamarca, La Nacion Locations: Argentina, San Fernando, San Fernando del Valle de, Argentina's Catamarca province, Luque, Tula, La, Catamarca

☆ Why the U.S. government is investigating Google
▼ + stars: | 2024-10-10 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

Google, the online search and digital ad goliath, is the first U.S. tech giant to land in federal court fighting antitrust concerns in decades. Google controls an estimated 88% of the market for general search online, according to the August opinion from Judge Mehta. And late in 2023, a jury delivered a guilty verdict against Google in a trial about business practices related to the Google Play app store. In September 2024, Epic filed an additional antitrust lawsuit against Google and Samsung, alleging that the company continued to use its monopoly power to unfairly harm competition. Watch the video above to see why the U.S. government is investigating Google.

Persons: Amit Mehta, Judge Mehta, Bing, Lee Hepner, Nikolas Guggenberger, Gene Munster Organizations: Google, U.S, District of Columbia, Justice Department, American Economic Liberties, Epic Games, Samsung, University of, Deepwater Asset Management, CNBC Locations: U.S

☆ Stellantis is struggling. Here's why
▼ + stars: | 2024-10-10 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +3 min

American car brands Jeep, Ram, Dodge and Chrysler are struggling under their new owner. The European-American giant Stellantis is the world's fifth-largest automaker by volume, according to S&P Global Mobility. But Stellantis did better than that. 2023 was a banner year: record sales, record profits, record free cash flow. Out of all brands in the U.S., Stellantis vehicles have some of the highest inventories of vehicles on dealer lots, according to Cox Automotive.

Persons: Daniel Roeska, Bernstein, Stellantis, Stephanie Brinley, Carlos Taveres, Roeska Organizations: Dodge, Chrysler, P Global Mobility, Groupe PSA, Italian Fiat Chrysler, Products, Jeep, RBC Capital, Cox Automotive, United Auto Workers Locations: Italian, North America, U.S, America, China

☆ Rafael Nadal retires from tennis after Davis Cup Finals
▼ + stars: | 2024-10-10 | by ( James Hansen | ) www.nytimes.com time to read: +3 min

Rafael Nadal has confirmed that he will retire from professional tennis after the Davis Cup Finals in Malaga, Spain this November. He will finish his career with a 112-4 record at Roland Garros, where he lost his final Grand Slam match against Alexander Zverev earlier this year. Alongside Novak Djokovic, Nadal and Federer formed the ‘Big Three,’ winning 66 Grand Slam titles between them to date with Djokovic still an active player. GO DEEPER What's it like to play Rafael Nadal on clay? Nadal is expected to play with Carlos Alcaraz at the Davis Cup, who is already a four-time Grand Slam champion at 21.

Persons: Rafael Nadal, ”, ” Nadal, Roland Garros, Alexander Zverev, Roger Federer’s, Novak Djokovic, Nadal, Federer, ’, Djokovic, Carlos Alcaraz, Rafael Nadal's, Clive Mason Organizations: Wimbledon, Davis, Getty Locations: Malaga, Spain, Seville, Madrid, Beijing

☆ Francisco Lindor hits grand slam to send New York Mets to NLCS for first time since 2015
▼ + stars: | 2024-10-10 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Francisco Lindor wrote another chapter in the New York Mets’ remarkable season on Wednesday night, hitting a go-ahead grand slam to clinch the National League Division Series (NLDS) with a 4-1 win over the Philadelphia Phillies in Game 4. Since then, the Mets have gone 72-42 and Lindor has staked an NL MVP claim. Francisco Lindor follows through on his grand slam home run in the sixth inning. “I want to win it all, and ours will be a team that will forever be remembered,” said Lindor after the game, per MLB.com. But the job is not done.”The Mets will now travel to either Los Angeles or San Diego to begin the best-of-seven NLCS on Sunday.

Persons: CNN — Francisco Lindor, Lindor, Carlos Estévez’s, “, Pete Alonso, ”, ” Lindor, Francisco Lindor, Frank Franklin II, Mark Vientos, Alec Bohm, Bryce Harper, Edwin Diaz Organizations: CNN, New York Mets, National League Division, Philadelphia Phillies, Mets, National League, Citi Field, Citi, Fox Sports, Los Angeles Dodgers, Atlanta Braves, AP Locations: Puerto Rican, New York, Los Angeles, San Diego

☆ FEMA was strapped for cash even before America's hurricane double whammy
▼ + stars: | 2024-10-10 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +8 min

FEMA for two months had to pause $9 billion meant for communities still recovering from past disasters. In this case, for nearly two months, FEMA hoarded $9 billion to make up for delayed funding from Congress. But Biden-administration officials warn of another shortfall as soon as January, especially after Hurricane Milton slammed into the Tampa area late Wednesday. "So if FEMA delays reimbursements, local governments have to bear those costs, and they may put off recovery efforts. FEMA officials have repeatedly said they have enough resources to respond to Hurricane Helene and now Hurricane Milton but declined to specify how much disaster aid remained available.

Persons: Milton, Helene, Hurricane Milton, Biden, Craig Fugate, Obama, Carlos Martín, Martín, Yucel Ors, Joe Biden, Mike Johnson, Hurricane Helene, Johnson, Ors Organizations: Hurricanes, FEMA, Service, Federal Emergency Management Agency, Hurricane, FEMA doesn't, Harvard University, National League of Cities, White, Republican, Fox Locations: Florida, Hurricane, Vermont, California, Pacific, Tampa, Washington, Louisiana, Milton, North Carolina , Georgia, South Carolina , Florida , Tennessee, Virginia, Asheville , North Carolina, Asheville

☆ Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America
▼ + stars: | 2024-10-10 | by ( ) edition.cnn.com time to read: +3 min

Detroit Reuters —Chrysler parent Stellantis confirmed on Thursday that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations. The world’s fourth-largest automaker by sales said it now planned to name his successor by the fourth quarter of 2025. The automaker also appointed Antonio Filosa as its North America chief operating officer in addition to his role as Jeep brand CEO, succeeding Carlos Zarlenga, whose future role has not been announced. Stellantis last week lowered its forecast from positive cash flow to negative cash flow of between 5 billion and 10 billion euros ($5.5 billion and $10.9 billion) this year. The broad management shakeup was meant to address these concerns, Tavares said in a statement Thursday.

Persons: Carlos Tavares, Tavares ’, Stellantis, Doug Ostermann, Natalie Knight, Antonio Filosa, Carlos Zarlenga, Tavares, “, ” Bernstein, ” Organizations: Detroit Reuters, Chrysler, Analysts, North America, Fiat, Peugeot, PSA, Maserati, Jeep, United Auto Workers Locations: North America, China, Detroit

Congressman Marjorie Taylor Greene, a congressman with Georgia, is now saying the federal government is literally controlling the weather — we're controlling the weather. It’s got to stop," Biden said during a virtual briefing at the White House as he received updates about Hurricane Milton. Greene said in an Oct. 3 post on X: "Yes they can control the weather. "The NOAA government website has a library catalog of 1,026 entries of weather modifications, but that’s not all of them." On Tuesday, she quoted an article from The Gateway Pundit, a far-right website known for spreading conspiracy theories, that said: "Marjorie Taylor Greene was right.

Persons: Joe Biden, Marjorie Taylor Greene, It’s, Biden, Greene, Carlos Giménez, that’s, Hurricane Helene, Donald Trump, That’s, Chuck Edwards, Helene Organizations: WASHINGTON, Republican, White, Hurricane, GOP, NOAA, Commerce, Federal Emergency Management Agency, FEMA, NBC News Locations: Florida, Georgia, Hurricane Milton, North Carolina

☆ Republicans in Congress call out hurricane misinformation coming from within their own party
▼ + stars: | 2024-10-09 | by ( Haley Talbot | ) edition.cnn.com time to read: +5 min

Washington CNN —Republicans are fighting a war against misinformation to keep their constituents safe as they brace for Hurricane Milton to make landfall in Florida, including being willing to point the finger at members of their own party — and their presidential nominee. Greene has stood by her comments, posting a meme and link to a Gateway Pundit article she says backs up her claims. “Former President Trump told us that the people in Springfield are eating dogs and cats, alright? He likewise said that FEMA money, our emergency money, instead of helping the people that are being hit by the hurricane is being used to help illegals,” he said at an event in Utah earlier this week. Ron DeSantis, a Republican who challenged Trump in this cycle’s Republican presidential primary, also warned residents in the path of a hurricane to ignore online misinformation.

Persons: Hurricane Milton, Hurricane Helene —, Carlos Gimenez, Marjorie Taylor Greene, Greene, ” Gimenez, Kasie Hunt, Gimenez, Chuck Edwards, ”, “, ” Edwards, Greene’s, Republican Sen, Mitt Romney, Donald Trump, Trump, he’s, ” Trump, Kamala Harris “, Hurricane Helene, Mario Tama, Biden, Pete Buttigieg, Biden critcized Trump, ” Biden, Thom Tillis, ” Tillis, It’s, Ron DeSantis, Sam Waldenberg, Andy Rose Organizations: Washington CNN, Republicans, Hurricane, Republican, Georgia, Congress, FEMA, ”, Force, Transportation, CNN, Wednesday, Trump, CBS, Florida Gov Locations: Florida, Hurricane, Miami, Dade County, North Carolina, Utah, Springfield, Romney, Michigan, Asheville , North Carolina, ”

☆ Apple could launch a ring to rival Samsung by 2026, research firm predicts
▼ + stars: | 2024-10-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant's focus on health. In fact, I would go so far as to say, at the point that Tim Cook decides to relinquish control and he retires ... "Given how deeply and personally invested Tim Cook is in health, I think that a ring is a very complimentary extension to Apple," he said, referring to Apple CEO Cook. Similar to smartwatches, a smart ring is embedded with various sensors to track health metrics like heart rate.

Persons: Tim Cook, Carlos Barria, Ben Wood, CNBC's, Cook, Wood Organizations: Reuters Apple, Samsung, CCS Insight, Apple, Apple Watch, Samsung Galaxy, South Locations: Cupertino , California, U.S, Cupertino, South Korean

☆ Stellantis sues UAW in US federal court over strike threats
▼ + stars: | 2024-10-04 | by ( ) edition.cnn.com time to read: +3 min

CNN —Chrysler parent Stellantis filed a federal lawsuit against the United Auto Workers, saying the union has violated its contract by threatening to strike over the company’s delays in planned investment. The automaker filed the suit on Thursday asking the US District Court in the Central District of California to declare the decision by UAW Local 230 in Los Angeles to take a strike authorization vote violates terms of the contract reached last fall. Stellantis seeks to hold the UAW and the local union chapter liable for any potential revenue loss and other damages resulting from lost production due to any strike. On Thursday, a supermajority of UAW members at Stellantis’ Los Angeles Parts distribution center voted to request strike authorization if the company and union can’t settle a grievance over planned company investments. “The UAW acted in bad faith by disregarding this language, filing sham grievances, and calling a strike authorization vote to pressure Stellantis to proceed with planned investments,” the company said in the lawsuit.

Persons: Stellantis, Shawn Fain, Fain, ” Fain, Carlos Tavares, “ Organizations: CNN, Chrysler, United Auto Workers, Court, Central District of, UAW Local, UAW, Los Angeles Parts, can’t, Stellantis, The Energy Department, Plant Locations: Central District, Central District of California, Los Angeles, Belvidere , Illinois, Belvidere, Indiana, Kokomo

☆ Stellantis files federal lawsuit against UAW union over strike threats
▼ + stars: | 2024-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

A supermajority of UAW members at Stellantis' Los Angeles Parts Distribution Center voted to request strike authorization from the International Executive Board if the company and union can't reconcile, the union said Friday morning. The lawsuit argues that if the union does strike, the court "should award Stellantis monetary damages" that result from a breach of contract. UAW President Shawn Fain has routinely said the union will strike if needed, however Stellantis has argued that would be unlawful under the contract. The lawsuit came the same day Fain and union members held their latest rally against Stellantis in suburban Detroit. Stellantis, in the lawsuit, called the grievances a sham designed to "justify mid-contract strikes against Stellantis that otherwise would violate the [contract's] no strike clause."

Persons: Carlos Tavares, Tobin Williams, Stellantis, Shawn Fain, Kamala Harris, Tim Walz, Fain, it's, it's Stellantis Organizations: Stellantis NV, UAW, Parts Distribution, International, North, DETROIT, United Auto Workers, Atlantic, CNBC, U.S, Democratic, Central District of, Stellantis Locations: Sochaux, France, Los, North America, California, Romulus , Michigan, U.S, Central District, Central District of California, Detroit

☆ Chad ‘Ochocinco’ Johnson vs. James Harrison: Former NFL stars set to fight in exhibition MMA bout
▼ + stars: | 2024-10-04 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Former NFL stars Chad “Ochocinco” Johnson and James Harrison will fight in an exhibition mixed martial arts (MMA) bout in New Orleans next year, the pair announced on social media Wednesday. Johnson first said it was a three-round bout before Harrison said it would actually last five rounds. The pair have already been exchanging barbs, with Johnson telling Harrison: “I’m gone beat yo a** in round 1 so don’t worry about the other 4. Harrison, meanwhile, enjoyed a 15-year NFL career, spent mostly with the Steelers. Harrison won two Super Bowl rings with the Pittsburgh Steelers.

Persons: CNN —, Chad “ Ochocinco ” Johnson, James Harrison, Johnson, “, Harrison, “ I’m, ” Former Pittsburgh Steeler Harrison, won’t, Brian Maxwell, Floyd Mayweather Jr, Logan Paul, Carlos Goldman, AP Johnson, Pro Bowler, Matt Durisko Organizations: CNN, NFL, ” Former Pittsburgh Steeler, MMA, Miami Dolphins, AP, Cincinnati Bengals, New England Patriots, Pro Bowler, Steelers, Pittsburgh Steelers, Bengals, Patriots Locations: New Orleans, ”

☆ Stellantis CEO says too soon to confirm 2025 dividend as shares slide
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +2 min

Carlos Tavares, chief executive officer of Stellantis NV, speaks during a news conference at the Fiat automobile manufacturing plant in Kragujevac, Serbia, on Monday, July 22, 2024. Stellantis CEO Carlos Tavares on Thursday left the door open for possible cuts to its dividend and share buybacks next year and brushed off problems with its U.S. business that led to a major profit warning this week as a "small operational error". "When you are in a context which is brutal and more demanding, if you make a small operational error, well it is immediately visible," he said, adding he was taking it as a "wake up call" and very seriously. While Stellantis is committed to its 2024 dividend, Tavares said it was too early to confirm next year's plan. "The time for 2025 has not come, we will see what will happen at the end of 2024 for a discussion and a decision for 2025," he said.

Persons: Carlos Tavares, Tavares, Stellantis Organizations: Stellantis NV, Fiat, Thursday, Chrysler, Jeep, Citroen, Peugeot Locations: Kragujevac, Serbia, U.S, France

Four years earlier, Trump had narrowly carried the Keystone State while losing Latino voters to Hillary Clinton. Biden won Latino voters by 33 points in 2020, while Clinton did so by 38 points. “Today, as of now, I haven’t seen that (from any candidate).”Bethlehem mortgage lender Carmen Dancsecs said she’s worried some Latino voters might stay home come November. Multiple strategies for HarrisThe Harris campaign is pursuing multiple strategies to boost support among Pennsylvania Latino voters in the final weeks ahead of Election Day. Campo helps the Trump campaign canvass Latino neighborhoods, especially in Allentown, speaking with voters about the former president’s platform.

Persons: Pennsylvania CNN — Fresh, Tim Walz, Donald Trump, Marcia Heras, ” Heras, Trump, Kamala Harris, Joe Biden, Hillary Clinton, Harris, Biden, Clinton, Hector Santana, I’m, ” Santana, Carmen Dancsecs, she’s, “, ” Dancsecs, Harris The Harris, ”, Walz, Hurricane Maria, Harrison, ” Walz, “ Hamilton, Anthony Ramos, don’t, Carlos Eduardo Espina, Maria Cardona, it’s, it’s Kamala, ” Trump, – Nicky Jam, Justin Quiles, let’s, ” Anuel, Nicky Jam, Maná, Daniel Campo, Campo, ’ ” Campo, wouldn’t, Trump’s, ” Campo Organizations: Pennsylvania CNN, CNN, Trump, Americans, Pew Research Center, Pennsylvania, Keystone State, NBC News, Telemundo, CNBC, Democratic, Harris The, Puerto Rican, AA, “, Puerto Ricans, Campo Locations: Pennsylvania, Puerto Rican, Minnesota, Ecuador, Allentown, Reading , Pennsylvania, White, Reading, Lancaster, Dominican Republic, “, Bethlehem, Hurricane, San Juan, Johnstown, Puerto, Las, Wilkes, Barre, Venezuelan

☆ A US Navy missile that just scored its first kill this year got another workout against Iranian weapons
▼ + stars: | 2024-10-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

US Navy warships defending Israel from Iran's missile attack on Tuesday fired SM-3 interceptors. The SM-3 scored its first-ever kill while defending Israel in April from an Iranian bombardment. AdvertisementThe US Navy warships that engaged a massive barrage of Iranian ballistic missiles in defense of Israel on Tuesday fired SM-3 interceptors, a weapon that scored its first-ever kill earlier this year. Two destroyers operating in the Eastern Mediterranean Sea fired around a dozen interceptors at the Iranian missiles, a number of which were shot down. A Navy official confirmed to Business Insider on Thursday that the destroyers fired the Standard Missile 3, or SM-3, during the battle.

Persons: —, Navy Carlos Del Toro, Hassan Nasrallah, Ismail Haniyeh, Bill Urban, USS Cole, USS Bulkeley Organizations: Service, US Navy, Tuesday, Navy, Business, Combat, USNI, US, White House, US Naval Forces Locations: Israel, Iran, China, Tehran, US Naval Forces Europe, Africa

☆ Stellantis U.S. auto sales extend free fall in third quarter
▼ + stars: | 2024-10-02 | by ( Michael Wayland | ) www.nbcnews.com time to read: +3 min

DETROIT — Stellantis’ U.S. new vehicle sales continued a yearslong free fall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. Stellantis was expected to be the worst sales performer of major automakers during the third quarter. Auto industry forecaster Cox Automotive had projected a sales decline of roughly 21% for the carmaker. All of Stellantis’ brands except for its niche Fiat unit experienced sales declines in the third quarter, led by more than 40% reductions for Chrysler and Dodge. Stellantis’ performance compares with the overall U.S. new light-duty vehicle sales market, which increased 13% last year, according to federal data.

Persons: Carlos Tavares ’, Stellantis, Cox, Edmunds, Matt Thompson, Tavares Organizations: DETROIT, carmaker, Auto, Cox Automotive, U.S, Fiat, Chrysler, Dodge, Jeep, New York Stock Exchange, Stellantis, Fiat Chrysler, France’s PSA Groupe, United Auto Workers Locations: ’, U.S

☆ Stellantis U.S. auto sales extend freefall in third quarter
▼ + stars: | 2024-10-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. DETROIT — Stellantis ' U.S. new vehicle sales during the third quarter continued a yearslong freefall despite CEO Carlos Tavares' actions to fix what he has called "arrogant" mistakes by the company. Stellantis was expected to be the worst sales performer of major automakers during the third quarter, and auto industry forecaster Cox Automotive had projected a sales decline of roughly 21%. Cox and fellow forecaster Edmunds expect third-quarter sales industrywide will be down roughly 2% compared with a year earlier. Stellantis' disappointing sales are the latest problem this week for the carmaker, which cut its 2024 profit margin forecast and has been hit with a recall involving popular plug-in hybrid electric Jeep models due to fire risks.

Persons: Carlos Tavares, Stellantis, Cox, Edmunds Organizations: DETROIT, Cox Automotive Locations: Chicago , Illinois, U.S

☆ Carlos Alcaraz defeats world No. 1 Jannik Sinner in epic China Open final
▼ + stars: | 2024-10-02 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —The men’s final of this year’s China Open was billed as a battle between two titans and it definitely didn’t disappoint. 1 Jannik Sinner, winning 6-7 6-4 7-6 to claim his 16th ATP Tour title. Of shots, physically, mentally, he’s a beast.”Both men shared all four grand slam titles this year – Sinner winning the Australian Open and US Open, while Alcaraz won Wimbledon and the French Open. Sinner, however, started to find his rhythm and survived three set points to edge a first-set tiebreak. Sinner pushed Alcaraz all the way during the China Open final on Wednesday.

Persons: Spain’s Carlos Alcaraz, “ Jannik, Sinner, Alcaraz, GREG BAKER, ‘ I’m, Alacaraz, “ I’m, ” Alcaraz, WADA Organizations: CNN, ATP, Wimbledon, Getty, Doping Agency, Sport, Tennis Integrity Agency Locations: China, AFP, Indian

Claudia Sheinbaum is officially taking office Tuesday morning as Mexico's first female president and the first of Jewish heritage. Sheinbaum is expected to head later to the National Palace in Mexico City's famed Zócalo to deliver a speech to constituents. López Obrador leaves office with an approval rating of nearly 80%, Noticias Telemundo reported. Still, crime rates remained high during López Obrador’s term, with at least 199,300 homicides and 51,700 persons reported missing from December 2018 to August of this year, Noticias Telemundo reported. Mexican government data has also shown that the strategy of López Obrador’s predecessors — pursuing drug lords in an all-out war — did not improve safety, either.

Persons: Claudia Sheinbaum, Sheinbaum, Jill Biden, Xóchitl Gálvez, Jorge Álvarez Máynez, Andrés Manuel López Obrador, López Obrador, —, Xavier Becerra, Isabella Casillas Guzman, Ken Salazar, Nanette Barragán, Carlos Elizondo, Mayor Regina Romero Organizations: U.S, Mexico City's, Mexico City, Citizen Movement, Noticias Telemundo, Welfare, Human Services, Small, Congressional Hispanic Caucus, White, Social, Mayor Locations: San Lázaro, Mexico City, Mexico, Morena, Mexican, U.S, Tucson , Arizona

☆ Claudia Sheinbaum to be sworn in as first female president of Mexico, a country with pressing problems
▼ + stars: | 2024-10-01 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

Mexico City Associated Press —Claudia Sheinbaum will take the oath of office Tuesday as Mexico’s first female president in more than 200 years of independence, promising to protect an expanded social safety net and fight for the poor like her predecessor, but facing pressing problems. Sheinbaum romped to victory in June with nearly 60% of the vote, propelled largely by the sustained popularity of her political mentor, former President Andrés Manuel López Obrador. “So, where López Obrador was charismatic, Claudia Sheinbaum will have to be effective.”He is not leaving her an easy situation. Things with its northern neighbor were already tense after López Obrador said he was putting relations with the US embassy “on pause” after public criticism of the proposed judicial overhaul. López Obrador built a massive new oil refinery and poured money into the state-owned oil company.

Persons: Claudia Sheinbaum, Mexico’s, Sheinbaum romped, Andrés Manuel López Obrador, Sheinbaum, “ López Obrador, ”, Carlos Pérez Ricart, López Obrador, Hurricane John, Hurricane Otis, John, Ismael “ El, Guzmán López, Donald Trump, Trump, Jill Biden, Sheinbaum’s, Jennifer Piscopo Organizations: Associated Press, National Guard, Mexico’s Center for Economic Research, Hurricane, Ismael “ El Mayo ” Zambada, “, Royal Holloway University of London Locations: Mexico, Acapulco, Pacific, Hurricane, Culiacan, Sinaloa, United States, Tijuana, Chiapas, Canada, America

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