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☆ 3 couples who recently got mortgage interest rates under 3% share how they did it
▼ + stars: | 2024-09-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Read previewOver the past few years, US mortgage rates have fluctuated wildly, leaving both homebuyers and sellers scrambling. AdvertisementThis can lead to significantly lower interest rates, making monthly mortgage payments more affordable and saving thousands over the life of the loan. The Federal Open Market Committee, which oversees US monetary policy, is expected to cut interest rates at its meeting this week. This could lead to further declines in mortgage rates in the coming months. Here are the stories of three homebuying couples who secured mortgage rates below 3% since March 2023 using assumable mortgages.

Persons: —, Louis, Freddie Mac, aren't, Grace Lucchese, Mickey Ricard, Boston —, Lucchese, Ricard, Riccard, Brian Sankey, Fort Knox, Sankey, Brian Sankey Sankey, wouldn't, Amy Yzaguirre, Yzaguirre, I've Organizations: Service, Federal, Fed, Federal Reserve Bank of St, Business, Federal Housing Administration, Department of Veterans Affairs, Market Committee, Boston, Lucchese, assumable Veterans Affairs, Veterans Affairs, Army, Toyota Tacoma Locations: Lucchese's, Sudbury , Massachusetts, Boston, couple's Massachusetts, Elizabethtown , Kentucky, Fort, Elizabethtown, Oregon, Idaho, Tigard, Portland, Sherwood

☆ Inside the fateful 12 hours of an apparent assassination attempt outside the Trump International Golf Club
▼ + stars: | 2024-09-17 | by ( Jeremy Herb | ) edition.cnn.com time to read: +8 min

Trump was whisked away to safety, unharmed, while the gunman, who officials believe remained near the tree-line perimeter of the golf course for 12 hours, fled the scene by car. Phone records from T-Mobile that indicated Routh’s phone was “in the vicinity of the golf course” for roughly 12 hours before he was first spotted by US Secret Service, according to charging documents. It’s still not clear why Routh went to the golf course that day. But Secret Service knew immediately it was bullets, and they grabbed me, and I think probably the other one, Steve is one of the people. One patrol deputy saw the suspect vehicle at about mile marker 110 and alerted others, following it but not trying to immediately stop the vehicle, Snyder said.

Persons: Donald Trump, Trump, –, Ryan Wesley Routh, Jeffrey Veltri, Routh, It’s, Ronald Rowe, teed, Steve Witkoff, – Trump, Sean Hannity, CNN Trump, ” Trump, Hannity, ” Rowe, Ric Bradshaw, Rowe, Steve, ”, “, let’s, ‘, Veltri, Martin County Sheriff William Snyder, Snyder, ” Snyder, ” Routh, CNN’s Erin Burnett, CNN’s Kristen Holmes, Evan Perez, Holmes Lybrand, Michael Williams, Devan Cole, Eric Levinson, Andy Rose Organizations: CNN, Trump International Golf Club, Trump, Service, US Secret, FBI Miami Field Office, Secret, ” Authorities, West Palm Beach, Fox News, Secret Service, Nissan, Sheriff’s, Martin County Sheriff, Ford, Palm, FBI Locations: West Palm Beach , Florida, “, West Palm, Mar, Beach, ’, Martin County, Martin, Palm Beach

☆ Our approach to the stock market heading into the Fed's big Wednesday decision
▼ + stars: | 2024-09-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Muted session: U.S. stocks were flat Tuesday after the S & P 500 briefly made a new all-time high in the session. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, hasn't, We're, Marc Benioff, Mills, Jerome Powell, Jim Cramer's, Jim, Kevin Mohatt Organizations: CNBC, Procter, Procter & Gamble, Jim Cramer's Charitable, U.S . Federal, Federal, Committee Locations: Procter &, San Francisco, Washington , U.S

UVALDE, Texas — Relatives and friends of the victims of the Uvalde school shooting shouted “Coward! Gonzales and former school district police chief Pete Arredondo had been in the courtroom a few minutes earlier for the hearing. A Justice Department report said it was possible some children might have been saved had officers gone into the classroom earlier. Gonzales’ attorney had stopped to talk to the media. Gonzales’ attorney told reporters that investigative reports on the shooting by the Justice Department and the Texas House did not suggest prosecuting his client.

Persons: “ Coward, Coward, ”, Adrian Gonzales, Gonzales, Pete Arredondo, Gonzales ’, Brett Cross, Uziyah Garcia, Arredondo, Cross, “, Uziyah, Cazares, Jesse Rizo, Rizo, ” Rizo, Torres ’, Ruben Torres, Christina Mitchell, Mitchell Organizations: Justice Department, Texas House, NBC News, Border Patrol, Judicial, Protection Locations: UVALDE, Texas, Uvalde’s, Arredondo

☆ Axis AMC CIO: Banking earnings to "be more muted" this year
▼ + stars: | 2024-09-16 | 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 EmailAxis AMC CIO: Banking earnings to "be more muted" this yearAshish Gupta, CIO at Axis Mutual Fund sees a pickup in Indian IPOs in response to increased demand to invest in the Indian market, but a more muted earnings picture for banks as the Reserve Bank of India looks to cut rates in 2024.

Persons: Ashish Gupta Organizations: Mutual Fund, Reserve Bank of Locations: Reserve Bank of India

☆ Travis and Jason Kelce have some thoughts about Tesla's Cybertruck
▼ + stars: | 2024-09-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Meanwhile, Swift's boyfriend Travis Kelce is a fan of Tesla's Cybertruck and wants to get a Cyberquad. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk might not be Taylor Swift's biggest fan right now, but her boyfriend Travis Kelce sure likes Musk's Cybertrucks. Travis and his brother Jason talked about Tesla's electric pickup truck during the latest episode of their podcast, "New Heights" which aired on Wednesday. Jason, who owns a Cybertruck himself, said he got a "little nervous" when he took the vehicle to the carwash.

Persons: Elon Musk, Taylor Swift, Kamala Harris, Travis Kelce, Cybertruck, Kelce, —, Elon, Taylor, Musk's Cybertrucks, Travis, Jason Organizations: Service

"Heavy rain is expected to continue through at least this afternoon, so please continue to stay weather aware,” Mississippi Gov. Jeff Landry was touring the hardest-hit areas across his state, while officials in New Orleans urged residents to conserve drinking water. The aftermath of a deluge from Hurricane Francine in Metairie, La., in Jefferson Parish, last night. The low-lying city was quickly deluged, with 7.33 inches of rain reported at New Orleans International Airport. In Lafourche Parish in southern Louisiana, 26 people trapped by rising floodwaters were rescued, local officials said.

Persons: Hurricane Francine, Tate Reeves, Jeff Landry, Miles Crawford, Crawford, Jonah Gilmore, “, ” Crawford, Francine, Matthew Hinton, Cynthia Lee Sheng Organizations: National Hurricane Center, Louisiana Gov, NBC, University Medical Center, Associated Press, New Orleans International Locations: Florida, New Orleans, Memphis , Tennessee, Louisiana, Alabama, Jackson , Mississippi, Birmingham , Alabama, Memphis, Atlanta, Mississippi, WDSU, Terrebonne Parish, Metairie, La, Jefferson Parish, Kenner, Jefferson, Lafourche Parish

☆ Why we started a position tied to housing and where we see this stock going
▼ + stars: | 2024-09-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

We started buying Home Depot shares last week as a play on housing and interest rates. Our Home Depot investment thesis is all about a pickup in housing turnover, the main driver of the home improvement retailer's sales. When rates went below 6.5% toward the end of last year, he explained, there was an immediate increase in housing activity, mortgage applications, and mortgage refinance applications. Mortgage rates with a 5% handle could be on the horizon, at least that's what Toll Brothers CEO Doug Yearley thinks. With these numbers, it's easy to see why Decker is optimistic that activity will normalize, and housing turnover and remodel activity will pick-up again.

Persons: Ted Decker, Doug Yearley, Yearley, Decker, Lowe's, Jim Cramer's, Jim Cramer, Jim Organizations: Home Depot, Dow, Depot, Toll, Home, Management, CNBC

Through Sept. 27, non-members can get a year-long Sam’s Club membership for just $15, that’s 70% off the typical $50 membership price (terms apply). There are two levels of Sam’s Club memberships: the classic Sam’s Club membership and a Sam’s Club Plus membership. Extra cash back: All Club members earn 1% Sam’s Cash when they use a Sam’s Club Mastercard, but Plus members get 3%. All Club members earn 1% Sam’s Cash when they use a Sam’s Club Mastercard, but Plus members get 3%. Up to $50 Sam’s Cash: Members get $10 Sam’s Cash for each friend that joins using the member’s referral link (limit of 5).

Persons: You’ll, Mark, aren’t, you’ll, it’s, Cash, Member’s Mark, maestros, They’re, wicks, Lauren Levy, TikTok Organizations: Sam’s, The, NBC, Club, Savings, Health, Mastercard, Cash, CNN, Yahoo Entertainment, MSN, USA, Facebook, Twitter

☆ With Strong Memories of Katrina, Mississippi Braces for Francine
▼ + stars: | 2024-09-11 | by ( Isabelle Taft | More About Isabelle Taft | ) www.nytimes.com time to read: +1 min

As Hurricane Francine pushed northeast through the Gulf of Mexico, preparations were underway in Mississippi, a state with only a short coastline — but one that has been repeatedly battered by hurricanes in the past. Tate Reeves declared a state of emergency. They poured the sand into white bags, tied them up and loaded them onto pickup trucks for residents to take home. They rode out Hurricane Katrina there in 2005, but said they wouldn’t stay if another storm of that strength threatened the area. Katrina came ashore in Louisiana and Mississippi as a Category 3 hurricane, with wind gusts of more than 120 miles per hour.

Persons: Francine, Tate Reeves, Danie Ladner, Gregory Organizations: Gov, Emergency, Center Locations: Gulf of Mexico, Mississippi, Hancock County, Louisiana, Dedeaux

☆ Megabus, Coach USA Bankruptcy: Wall Street Wrecked Discount Bus Option
▼ + stars: | 2024-09-11 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.

Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus

☆ Starbucks’ new CEO wants to make Starbucks a coffee shop again
▼ + stars: | 2024-09-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

He will be Starbucks’ fourth CEO in two years, taking the helm amid a slump in Starbucks’ business and pressure from employees and investors. Starbucks CEO Brian Niccol. Some customers have expressed frustration with high prices, slow pickup orders on Starbucks’ app and lackluster food options. Mobile app and drive-thru orders make up more than 70% of Starbucks’ sales at its approximately 9,500 company-operated stores in the United States. According to the company, Niccol will spend time in stores, at headquarters in Seattle and with Starbucks employees around the world.

Persons: Brian Niccol, “, ”, “ We’re, Niccol, Taco Bell, Dylan Buell Organizations: New, New York CNN, Starbucks, Getty Locations: New York, Chipotle, Mobile, United States, Newport Beach , California, Starbucks ’ Seattle, Seattle

☆ Many pickup trucks must be redesigned to reduce pedestrian deaths under proposed regulation
▼ + stars: | 2024-09-09 | by ( Associated Press | ) edition.cnn.com time to read: +1 min

CNN —The U.S. government’s road safety agency wants the auto industry to design new vehicles including increasingly large SUVs and pickup trucks so they reduce pedestrian deaths and injuries. The National Highway Traffic Safety Administration said Monday that it’s proposing a new rule setting testing and performance requirements to minimize the risk of pedestrian head injuries. The rule is aimed largely at SUVs and pickup trucks, which have grown in size and hood height over the years, causing blind spots for drivers. NHTSA said pedestrian deaths increased 57% from 2013 to 2022, from 4,779 to 7,522. Data show that pedestrian deaths when hit by the front of a vehicle are most common for SUVs and trucks.

Persons: it’s, Sophie Shulman Organizations: CNN, Traffic Safety Administration, NHTSA, Congress, Infrastructure Law

☆ The $100,000 electric truck market is here. A guide to pickups from Tesla, GM, Rivian and Ford
▼ + stars: | 2024-09-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +10 min

There are currently a handful of electric trucks for purchase in the U.S. market: the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors' GMC Hummer EV, GMC Sierra Denali and Chevrolet Silverado. The GMC Hummer and Rivian also have SUV versions, which feature similar functions as their pickup counterparts but in different forms. The SUV version is smaller and more manageable to drive than the pickup truck version. When the F-150 Lightning hit the market, it was the first "mainstream" electric truck. An electric Ford F-150 next to a Tesla Cybertruck in front of Ford's world headquarters on Aug. 27, 2024 in Dearborn, Mich. Michael Wayland / CNBC

Persons: Michael Wayland, CNBC DETROIT – Tesla, Stephanie Brinley, it's, Stephanie Valdez Streaty, Tesla, Ford, Rivian R1T, Rivian, Kelley, Sierra EVs Organizations: GMC, Denali, Tesla, Ford, CNBC DETROIT, Motors, Rivian Automotive, P Global Mobility, Cox Automotive, General Motors, GMC Hummer EV, GMC Sierra Denali, Chevrolet Silverado, Motor Intelligence, Renaissance Center, CNBC, GM, U.S . Environmental Protection Agency, Cruise, Silverado, GMC Sierra GM's, DC, Chevrolet, Sierra Locations: U.S, Detroit, Dearborn, Mich

☆ Jessica Fern's 'Polysecure' promised a world beyond monogamy. She didn't say it would be easy.
▼ + stars: | 2024-09-05 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

The psychotherapist's 2020 book, "Polysecure," has become the poly bible for an increasingly queer and fluid generation. As consensual nonmonogamy went mainstream, searches for Fern's "Polysecure" spiked. "I've heard authors joke they get a cup of coffee from their book," Fern said. When Jessica Fern and Dave Cooley opened up their relationship, Cooley was surprised at the "searing anguish" he felt about his wife seeing other men. Fern, Cooley, and Fern's partner bought the property together and settled in, planning to live there long term.

Persons: Jessica Fern, Feeld, Lionel Messi, Fern, John, nonmonogamy, Molly Roden Winter's, Miranda July's, I've, Nielsen BookScan, you've, we're, Hannah, Dave Cooley, Cooley, Esther Perel, Dan Savage, Guralnik —, Ross Geller, it's, butch barista, deblasio, Chirlane McCray, Suki Waterhouse, Allison P, Davis, Clinton, isn't, Gilmore, Diego, — they're, Fern disentangled, polyamory, Julia, Apryl, Jessica, John Bowlby, Mary Ainsworth, Fern's polyamorous, she's, It's, Mike Belleme, Tobias, Lindsay, Molly Roden Winter, compersion, Fern's, —, Abby, she'd, Axios they'd, Christopher Gleason, they'd, Gleason, We've, curt, Escher, Franklin Veaux, Eve Rickert's, Rickert, aren't, I'm, Daniel Lavery, " Lavery, polysecurity hasn't, She's, pats, hasn't, polysecurity, Fern isn't, We're, Myers, Briggs, there's Organizations: New York Times, New York Magazine, SUNY, Kinsey Institute, George Mason University Locations: Costa Rica, North Carolina, Russian, Manhattan, Asheville, patrick, Fort Greene, San Francisco, Cooley, Sheepshead Bay , Brooklyn, British, polyworld, Boulder , Colorado, Vancouver, Brooklyn, COVID, Bahamas, Feeld, Fern

☆ Ford truck, hybrid models lead to 13% increase in August sales
▼ + stars: | 2024-09-05 | by ( Michael Wayland | ) www.cnbc.com time to read: 1 min

A Ford Raptor pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. DETROIT — Ford Motor's U.S. vehicle sales jumped 13.4% last month, led by increases in the company's F-Series trucks and hybrid models. The Detroit automaker reported sales Thursday of nearly 183,000 vehicles in August, including a 12.3% increase in trucks and a roughly 50% jump in hybrid vehicles compared with a year earlier. Its all-electric vehicle sales jumped 29% during that time, including a notable rise in its F-150 Lightning pickup. Ford's August sales outpaced overall industry estimates of a roughly 6% year-over-year increase from a year earlier, according to Barclays.

Persons: DETROIT — Organizations: Ford, DETROIT — Ford Motor's U.S, Detroit, Barclays Locations: Glendale , California, DETROIT

☆ A boomer who worried about retiring in the US and Canada moved to Mexico, which he said is much cheaper and safer
▼ + stars: | 2024-09-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Read previewRon Allanach, 74, and his partner Ben Lorgeranon moved to Vancouver from New England in 2005, thinking they would stay there for their retirements. The city is safer than he imagined, prices for nearly everything are much lower, and healthcare is more reliable. Allanach said they felt safer in Mérida than in the US or Canada, and prices were lower. They stayed there between trips back to Vancouver, and they moved to Mérida fully in 2020. AdvertisementA street in Mérida, Mexico.

Persons: —, Ron Allanach, Ben Lorgeranon, Allanach, Mérida, they've, Mexico Allanach, Lorgeranon, couldn't, it's, Allanach's, that's, he's, Mercado Lucas de Gálvez Organizations: Service, Business, US Postal Inspection Service, Costco Locations: Vancouver from New England, Mérida, Mexico, Vancouver, Canada, Portland , Maine, Portland, Thailand, France, Yucatán, Angeles, expat, they're

☆ Tesla Cybertruck is in a category of its own for better or worse
▼ + stars: | 2024-09-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit. Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of the vehicle in metropolitan Detroit. Fronts of the Ford F-150 Lightning, Tesla Cybertruck and GMC Sierra Denali EVs (left to right). The Tesla Cybertruck is unveiled at Tesla's design studio on Nov. 21, 2019, in Hawthorne, Calif. A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit.

Persons: Tesla, Michael Wayland, It's, Terry Woychowski, Elon Musk Organizations: CNBC, Ford, Chevrolet, Tesla, GMC Sierra Denali, YouTube, General Motors, Ford Motor, Rivian Automotive, Hummer, Renaissance Center, Tech, GMC, Caresoft, GMC Hummer, GM Locations: Detroit, Chevrolet El, Hawthorne , Calif

☆ Best Buy stock soars on a beat and raise. We think that's just the beginning
▼ + stars: | 2024-08-29 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Best Buy 's quarterly beat and guidance raise on Thursday was good for a 15% pop in the stock as investors rewarded better execution and the promise of wider adoption of AI devices and lower interest rates. BBY YTD mountain Best Buy YTD Thursday's advance sent Club stock Best Buy back above $100 and above our price target of $95. On the call, Best Buy CEO Corie Barry, said that growth in tablets, computing, and services, was more than offset by declines in appliances, home theater, and gaming. Best Buy Why we own : We took a position in Best Buy because we believe it will prove to be a go-to destination for consumers looking to upgrade hardware, much of which was purchased during Covid, to new AI-powered devices. Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBC

Persons: there's, Corie Barry, comps, we're, Barry, Jim Cramer's, Jim Cramer, Jim, Melissa Repko Organizations: Revenue, LSEG, Home, Computer, Target, Walmart, Amazon, Costco, Management, Mobile, Microsoft, Geek, CNBC Locations: Lowe's, Williams, Sonoma, Secaucus, N.J

☆ Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company
▼ + stars: | 2024-08-23 | by ( Michael Wayland | ) www.nbcnews.com time to read: +8 min

So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. “We’re quite convinced that the highest adoption rates for electric vehicles will be in the affordable segment on the lower size-end of the range,” he told CNBC on Thursday. Gjaja’s comments came a day after the automaker announced updates to its EV strategy that will cost up to $1.9 billion. Gjaja said the decision wasn’t taken lightly, especially the cancellation of the upcoming three-row vehicle, which Ford CEO Jim Farley and other executives had been touting as a game changer for several years. He said the Ford, in part, developed the skunkworks team to prove that Ford can compete against the Chinese automakers.

Persons: Marin Gjaja, We’re, “, Warren Buffett, Gjaja, Jim Farley, ” Farley, Ford, ” BofA’s John Murphy, John Lawler, Lawler, ” Gjaja, ” There’s, we’ve, ” Ford, Thursday, ” Organizations: DETROIT, Ford, CNBC, North America, EV, “, ICE, Wall Street, GM, General Motors Locations: U.S, Europe, North, California, China, ”

☆ Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
▼ + stars: | 2024-08-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNTA banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. "We're quite convinced that the highest adoption rates for electric vehicles will be in the affordable segment on the lower size-end of the range," he told CNBC on Thursday. Gjaja's comments come a day after the automaker announced updates to its EV strategy that will cost up to $1.9 billion. He said the Ford, in part, developed the "skunkworks" team to prove that Ford can compete against the Chinese automakers.

Persons: Mario Tama, Marin Gjaja, Warren Buffett, Gjaja, Jim Farley, Farley, Ford, BofA's John Murphy, John Lawler, Lawler, There's, we've, Michael Wayland Organizations: Ford, Getty, DETROIT, CNBC, North America, EV, Wall Street, GM, General Motors Locations: Glendale , California, U.S, Europe, North, California, China

☆ 5 promises Elon Musk made about the Cybertruck that never happened
▼ + stars: | 2024-08-14 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Read previewThe Cybertruck has changed a lot since Elon Musk first unveiled it in 2019. Here are some of the Cybertruck features that Musk has promised over the years but which failed to materialize:Advertisement1. A $39,900 price tagWhen Musk first unveiled the Cybertruck in 2019, he said the cheapest version would cost $39,900, with more advanced variants costing $49,900 and $69,900. 500-mile rangeMusk also said in 2019, the most advanced tri-motor version of the Cybertruck would have a 500-mile range. Anadolu/Getty ImagesOne of the most eye-catching promises Musk made about the Cybertruck is that it would be able to float and serve as a boat for short periods.

Persons: —, Elon Musk, Tesla's, Musk, Tesla, It's, Cyberquad Musk, it's, Cybertruck, Wes Morrill Organizations: Service, Elon, Business, Anadolu, Getty

☆ Starbucks is struggling. So it hired fast food’s Mr. Fix-It
▼ + stars: | 2024-08-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Brandon Bell/Getty ImagesSo, starting next month, fast food’s fix-it man will work to turn around Starbucks as its new CEO, the company announced on Tuesday. Starbucks’ sales have fallen for two straight quarters. Mobile app and drive-thru orders make up more than 70% of Starbucks’ sales at its approximately 9,500 company-operated stores in the United States. Restaurant analysts say that Starbucks, which has historically done less television advertising than rivals, will use marketing to try to improve customers’ perceptions of Starbucks’ brand and prices. Niccol succeeded adding new menu items to Chipotle, and he will “enable Starbucks to better succeed with menu innovation,” says Charles.

Persons: Chipotle, Brian Niccol, Niccol, carne asada, pollo, Brandon Bell, ” RJ Hottovy, they’re, Bebeto Matthews, ”, Tom Cook, Casey, Mark Lennihan, Cowen, Andrew Charles, Charles Organizations: New, New York CNN, Taco Bell, Starbucks, Investors, CNN Locations: New York, Taco, Chipotle, Mobile, United States

☆ 3 people killed in fire that destroyed home in small town northeast of Seattle
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +1 min

CONCRETE, Wash. — Three people were killed in a house fire in a rural area northeast of Seattle and authorities are looking for a pickup truck that remains unaccounted for after the blaze, police said. The two-story home was destroyed in the Friday morning fire in the small town of Concrete, the Mount Vernon Police Department said in a statement. The Skagit County Medical Examiner will release the victims’ names after each one is identified. Police said one of the victims was an employee of Skagit County. The town of Concrete is about 96 miles (154 kilometers) northeast of Seattle.

Persons: Vernon Organizations: Mount Vernon Police Department, Police, Skagit County Medical, of Alcohol, Tobacco, Firearms, Authorities, . Police Locations: Seattle, Concrete, Skagit County

☆ Colorado wildfires: How giant balloons could help to predict future blazes
▼ + stars: | 2024-08-13 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

CNN —At the end of July, Colorado became the latest US state to battle the spread of wildfires. There are satellites, which orbit the exosphere, between 375 miles (600 kilometers) and 6,200 miles (10,000 kilometers) above Earth, and also provide imagery, but often of a much lower quality than one of Urban Sky’s balloons. Another upside of Urban Sky’s balloons is cost, he says. It wants to create a model for both selling the balloons outright and operating the balloons itself while selling data as a service. “As wildfires continue to increase in frequency, intensity, magnitude and duration, such technology for managing wildfires could not come soon enough,” says Fisher.

Persons: Alexander, Jared Leidich, ”, Leidich, Joshua Fisher, perimeters, Ben Miller, Riley Reid, Urban, Fisher Organizations: CNN, Initiative, Urban, Sky, Concorde, California’s Chapman University, NASA, The Colorado Center of Excellence, Technology, US Geological Survey, NASA FireSense Locations: Colorado, Fort Collins, South Dakota, Briggsdale , Colorado

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