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Flying could become more expensive for some passengers if Spirit Airlines falls into bankruptcy protection. The company's stock tanked Wednesday after The Wall Street Journal reported Spirit was preparing to file for Chapter 11 within weeks following the breakdown of merger talks with Frontier Airlines. Frontier Airlines is based in Denver. "The domestic US air travel market does need some rationalization, and it is likely to start with Spirit Airlines," McNally said. AdvertisementThe airline's bankruptcy could be a warning that the era of budget airlines' power is coming to a close.
Persons: Guy, Raymond James, David Neeleman, Denver . Don Mammoser, Peter McNally, McNally Organizations: Airlines, Street Journal, Frontier, Spirit Airlines, Street, Frontier Airlines, American Airlines, JetBlue, Big Locations: Charlotte , North Carolina, Los Angeles, Denver .
However, the post-election environment is hitting different this time around for many small business owners, such as Barrel-Art’s Michael Prieto, and leaving them wondering what comes next. For business owners who already were unsettled about the economy or its direction prior to the election, navigating the months and years ahead could be even more precarious, he added. Running leaner, hoping for cheaper moneyIn the months leading up to the election, Prieto was taking a wait-and-see approach. Michael Prieto, owner of Barrel-Art, in his shop in Newport News, VA, on November 13. Michael M. Santiago/Getty ImagesSmall business owners, by their nature, are optimistic, he said.
Persons: Michael Prieto, Donald Trump, John Arensmeyer, they’ve, ” Arensmeyer, , , Art’s Prieto, Prieto, America ”, “ It’s, he’d, We’ve, Arensmeyer, Michael M, I’ve, Clifton Broumand, Janna Rodriguez, Rodriguez, she’d, can’t, JD Opel, he’s, ” Opel, ” JD Opel, — Opel, “ I’ve, Trump, Jeff Wood’s, ” Wood, we’ve, it’s, Marc Marcuse, Marcuse Organizations: CNN, Small, Economic, Shipping, Port, Getty, Machine, Corp, Opel, Reel Management, Management’s, Republican, White Locations: America, Newport News, Newark, New Jersey, China, Maryland, Freeport , New York, Evansville , Indiana, Jeff Wood’s Coldwater, Florida , Georgia, Utah, Pennsylvania, Los Angeles, Florida
Spirit Airlines is preparing to file for bankruptcy protection, The Wall Street Journal reported. AdvertisementFlying is likely to become more expensive for some passengers if Spirit Airlines falls into bankruptcy protection. The Journal reported in October that Spirit was weighing up bankruptcy. Frontier Airlines is based in Denver. "The domestic US air travel market does need some rationalization, and it is likely to start with Spirit Airlines," McNally said.
Persons: , Guy, Raymond James, Savanthi Syth, David Neeleman, Denver . Don Mammoser, Peter McNally, McNally Organizations: Airlines, Street Journal, Frontier, Service, Spirit Airlines, Street, Frontier Airlines, The, American Airlines, JetBlue, Equity, Big Locations: Charlotte, Los Angeles, Denver .
The president-elect’s previous selections for director of national intelligence, attorney general and defense secretary could change the country and the world in the long term. The US Department of Health and Human Services secretary has a massive platform and huge power to influence the information that Americans have and the choices they make. “I guess if you like health and you like people who live a long time, it is the most important position,” Trump said. Christina House/Los Angeles Times/Getty ImagesAnother health expert and former US Centers for Disease Control and Prevention acting director condemned the pick. The highly contagious disease is preventable with two doses of the measles vaccine that most Americans get as kids.
Persons: Donald Trump’s, Robert F, Kennedy Jr, , Kennedy, Trump’s MAGA, Kennedy’s ascendency, Bobby ’ Kennedy, ” Trump, Bobby, , Matt Gaetz, Trump, Pete Hegseth, Tulsi Gabbard, Bashar al, Assad, Carlos Barria, Jake Tapper, Indiana Sen, Jim Banks, Jake, Donald Trump, ” Banks, , ’ Kennedy, he’d “, Dr, Ashish Jha, Covid, CNN’s Wolf Blitzer, Jha, Christina House, Richard Besser . Besser, CNN’s Kaitlan Collins, kindergartners, Mandy Cohen, CNN’s Meg Tirrell, who’s, ” Cohen, Lex Fridman’s, CNN’s Kasie Hunt, don’t, , , won’t, Mitch McConnell — Organizations: CNN, National Institutes of Health, RFK Jr, Trump, US Department of Health, Human Services, Trump’s, Fox News, America, Reuters, Biden, Brown University’s School of Public Health, Republican, Democratic, “ RFK, Los Angeles Times, US Centers for Disease Control, World Health Organization, CDC, Milken, Health Summit, Trump Cabinet, Senate, FBI, GOP Locations: Lago, Florida, Palm Beach , Florida, Washington, Huntington Park , California
At 58 years old, Tyson will fight Jake Paul, the 27-year-old YouTube-star-turned-boxer who wasn’t even born when Tyson’s career was in its prime. It’s Tyson’s first sanctioned professional match since 2005. Lewis largely controlled the fight, as the champion survived Tyson’s round one onslaught and controlled the pace with strong jabs. The loss accelerated the end of Tyson’s professional career. His final professional bout — until Friday’s against Paul — came against McBride in 2005.
Persons: Mike Tyson, Tyson, Jake Paul, wasn’t, It’s Tyson’s, Kevin McBride, He’s, Evander, Mike ”, , , MIKE TYSON, JAKE PAUL, beckons, Mike ’, Hector Mercedes, Trevor Berbick —, Muhammad Ali —, Mike, ” Tyson’s, Jim Jacobs, Trevor Berbick, Tony Tucker, Michael Spinks, Buster Douglas, Douglas, Tucker, Spinks, Robin Givens, Evander Holyfield, Holyfield Tyson, Holyfield, Jeff Haynes, Francois Botha, Orlin Norris, Lou Savarese, Lennox Lewis, Lewis, Clifford Etienne, Paul —, McBride, ” Tyson, Paul J, Richards, Phil Collins ’ “, Zach Galifianakis, Alan, Roy Jones Jr, outlanding Jones, Paul, Nate Robinson, Friday’s Tyson, , Timothy A, Clary Organizations: T, NETFLIX, Netflix, netflix, WBA, WBC, IBF, MGM, Getty, XIV, , Texas Department Locations: Arlington , Texas, Albany, N.Y, Tokyo, Nevada, California, Miami, Los Angeles
AdvertisementI've been on Norwegian, Carnival, and Royal Caribbean's newer cruise ships. Brittany Chang/Business InsiderWhen a few rounds of foosball and ping-pong have worked up your appetite, you'll have 16 dining venues to choose from. AdvertisementNorwegian Cruise LineNorwegian Cruise Line has 18 cruise ships. Norwegian Cruise LineIt's the only cruise line on the list with a semi-inclusive "More at Sea" — formerly known as "Free at Sea" — promotion. The company operates 28 cruise ships, several of which are the biggest in the world.
Persons: Bauer, Griffin, Brittany Chang, It's, Guy, you'll, Finnbarr Webster, Norwegian Luna, Prima flaunts, Pieter De Boer, Firenze, There's Organizations: Royal, Firenze, Costa Cruises, Grill, Cruise Line, Cruise, Norwegian Aqua, Prima, Seas Locations: Royal Caribbean, roundtrip Port Canaveral , Florida, Bahamas, Brittany, Norwegian, Alaska, Europe, Asia, Jacksonville , Florida, Haven, CocoCay, Mexican, Los, Ensenada, Mexico
CNN —The Philadelphia Eagles scored three fourth-quarter touchdowns, including two by star running back Saquon Barkley, to pull away and defeat the Washington Commanders 26-18 on Thursday night at Lincoln Financial Field. Washington opened the scoring in the first quarter with rookie quarterback Jayden Daniels orchestrating a four-play, 58-yard drive to put the Commanders ahead 7-0. It’s not about who’s tougher, but who is tougher longer.’”The turning point in the game came in the fourth quarter. Trailing 12-10, with the Commanders facing a fourth-and-two in field goal range, Washington elected to go for a first down. It was huge because we went down and made it a two-score game.”Zack Baun and Reed Blankenship of the Eagles stop Daniels on the key fourth-down run during the fourth quarter.
Persons: Saquon Barkley, Barkley, Jayden Daniels, Daniels, Austin Ekeler, Brian Robinson, Jalen, Quan Martin, Nick Sirianni, It’s, ” Sirianni, “ Jayden Daniels, ” Zack Baun, Reed Blankenship, Mitchell Leff, Zach Ertz Organizations: CNN, Philadelphia Eagles, Washington, Lincoln Financial, Eagles, NFC East . Washington, Los Angeles Rams, Cowboys Locations: Washington, Dallas
Three attempts to capture author James Patterson’s massive Alex Cross thriller franchise flopped on the big screen. But Prime Video is betting that the small screen will be the right home for the titular detective with the new series “Cross,” starring Aldis Hodge, debuting Thursday. Keri Anderson / Prime VideoTelling the Cross story through a TV series gives the producers more space to explore the world and the character. Tyler Perry starred in “Alex Cross” in 2012. “I also wanted to bring in the fact that there’s some sexiness to this character,” Watkins added.
Persons: James Patterson’s, Alex, , Aldis Hodge, Hodge’s, Alec Hardison, Decourcy Ward, Noah, Alex Cross, , ” Hodge, We’re, ” Ben Watkins, Chris Frawley, Damon, Janelle, Maria, Nana Mama, John Sampson, Elle, Ben Watkins, ” Watkins, you’re, you’ve, Keri Anderson, ’ ” Morgan Freeman, Tyler Perry, “ Alex Cross ”, there’s, who’s, Melody Hurd, Caleb Elijah, Alex Cross's, Hodge, Watkins Organizations: NBC News, D.C, Washington Locations: “ City, Los Angeles
But products from Trader Joe’s have become so popular with international tourists that even a major Asian airport is getting involved. “I think that Trader Joe’s is like the Disneyland of American grocery stores,” she says. John Blackmer/MediaNews Group/Orange County Register/Getty ImagesThe first Trader Joe’s opened in Pasadena, part of Los Angeles county, in 1967. According to a 2024 study by Morning Consult, 25% of frequent Trader Joe’s shoppers belong to a household that makes over $100,000 annually. Jeff Greenberg/Universal Images Group/Getty ImagesWhile some American chain stores rely on sameness to satisfy customers, Trader Joe’s has leaned in the other direction.
Persons: CNN —, Joe’s, Julie Averbach, , Joe Coulombe, John Blackmer, Joe —, ” That’s, Jeff Greenberg, Expedia, Peruvian Maria Silva, ” Silva, Averbach, , Joe Raedle, Jose’s, backtrack, TJ’s, Silva Organizations: CNN, Incheon, MediaNews, Orange, Register, Morning, Miami, Universal, Peruvian, eBay, US Locations: South Korea, United States, California, Huntington Beach , California, Pasadena, Los Angeles, Seattle, San Francisco, North Carolina, New York, China
AdvertisementLately, creative workers are increasingly chasing their Hollywood dreams in production hubs far from Hollywood. FilmLA, which issues permits for production in the region, found that Greater Los Angeles' share of US-produced TV and film projects declined from 23% in 2021 to 18% last year. Brin said Lexington had attracted 30 film and TV projects so far this year, representing more than $2 million in local spending. Actually being on a set is only one part of entertainment production. While the power of Los Angeles is dispersing, no single "new Hollywood" is coming to take its place.
Persons: Joe Gallegos Jr, he'd, Bailee Madison, Lukasiak, Pat Boone, Gallegos, JJ Abrams, HBO Max —, he's, It's, Patrick Adler, Taner Osman, couldn't, Tiffany FitzHenry, Lisa Brin, Brin, Noah Hawley, Maddy Bilder, Yorgos, Guy, Ryan Gosling, Emily Blunt, Tyler Mitchell, I've, Bilder, Adler, Otis, FitzHenry, hasn't, Keisha Perry, Cedric, I'm, She's, Lucia Moses Organizations: Netflix, HBO, of Labor Statistics, Westwood Economics, Planning Associates, Dallas, Miami, Hollywood, Bureau of Labor Statistics, Marvel, Otis, Creative, Lex Studios, Austin, Austin Film Society, Southwest, Sony, Universal Pictures, Ampere, Technology, ScreenIt, LA, Westwood, Gallegos, Business Insider's Media Locations: New Mexico, Los Angeles, Albuquerque, La La, Hollywood ., America, California, Atlanta, Hollywood, LA, Georgia, Kentucky, Lexington, New York, Ireland, Budapest, South Africa, Hungary, Australia, North America, Saudi Arabia, Miami
Adidas has signed Kaleena Smith as the bradn's first NIL high school basketball player. The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl's basketball partner under a name, image and likeness, or NIL, deal. The young basketball phenomenon represents Candace Parker's first signing since she took over as president of Adidas women's basketball in May. Parker, a former first-round WNBA draft pick, played 16 seasons in the WNBA and is a three-time WNBA champion and seven-time WNBA All-Star. Adidas tapped her to help evolve the company's women's basketball business.
Persons: Kaleena Smith, Smith, Candace Parker's, Parker Organizations: Adidas, University of Southern, University of Louisville, University of Connecticut, University of California, Los Angeles , Louisiana State University, University of South, WNBA Locations: Ontario , California, University of Southern California, Los Angeles ,, University of South Carolina
Independent Presidential candidate Robert F. Kennedy Jr. gives a keynote speech during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. President-elect Donald Trump said Thursday that he will nominate vaccine skeptic and conspiracy theorist Robert F. Kennedy Jr. as secretary of the Health and Human Services Department. Kennedy, 70, is the son of Robert F. Kennedy, the late U.S. attorney general and Democratic senator from New York who was assassinated in 1968 by a gunman in Los Angeles as he ran for president. "I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services," Trump wrote in a post on his Truth Social site Thursday. Stock prices of vaccine makers fell earlier Thursday on reports that Trump would tap Kennedy for the HHS post.
Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, John Kennedy, Trump, Matt Gaetz, Gaetz Organizations: Music City, Health, Human Services Department, Food and Drug Administration, National Institutes of Health, Centers for Disease Control, Democratic, United, Human Services, Public Health, HHS, NBC News, FDA, CDC, Republican, Department of Justice, Trump Locations: Nashville , Tennessee, U.S, New York, Los Angeles, combatting
With some of these pressure points softening, food prices have cooled to rates comparable to before the pandemic. “Grocery prices have skyrocketed,” he said. “Until we can — if we can — fix climate change, there’s no way that food prices can come down,” he told CNN. In the past, grocery prices have come down primarily when “the economy is under duress” and people don’t have enough money to pay for groceries. Absent these kinds of scenarios, Trump is unlikely to get the actual food prices we pay back to where they were during his first term.
Persons: Joe Biden, Donald Trump, Trump, , , ” Trump, “ That’s, That’s, Phil Lempert, Vance, Lempert, Leo Feler, Feler, it’s “ Organizations: New, New York CNN, AP VoteCast, New York Economic Club, , Trump, CNN, University of California Locations: New York, Ukraine, Russia, Brazil, Mexico, Florida, California, China, Los Angeles
CNN —Miami Dolphins quarterback Tua Tagovailoa said that he does not regret his tackle attempt in his team’s 23-15 victory over the Los Angeles Rams on Monday, despite his history of head injuries. During the second quarter of the Monday Night Football matchup, Tagovailoa threw a pass intended for wide receiver Jaylen Waddle that was intercepted by Rams linebacker Christian Rozeboom. I’ll make the tackle, that’s what I’ve got to do. Tagovailoa suffered his most recent concussion against the Bills when he dove for a first down and took a hit from Buffalo safety Damar Hamlin. Tagovailoa recorded 207 yards through the air in Monday’s victory and threw a touchdown pass to receiver Tyreek Hill.
Persons: Tua Tagovailoa, Tagovailoa, Jaylen Waddle, Christian Rozeboom, Rozeboom, headfirst, , , , ’ “, you’ve, I’ve, Damar Hamlin, ” Tagovailoa, “ Tua, Mike McDaniel, Tyreek Organizations: CNN — Miami Dolphins, Los Angeles Rams, Rams, Dolphins, Buffalo Bills, Bills, Buffalo, Miami, Arizona Cardinals
Giannis scores season-high 59 in Bucks’ OT winElsewhere, Giannis Antetokounmpo scored a season-high 59 points as the Milwaukee Bucks defeated the Detroit Pistons 127-120 in overtime. Milwaukee Bucks forward Giannis Antetokounmpo shoots over Detroit Pistons forward Isaiah Stewart during the first quarter at Fiserv Forum. Antetokounmpo scored 22 of the team’s 24 points, while his teammates went 0-for-12 from the field. Los Angeles Lakers forward LeBron James dunks past Memphis Grizzlies center Zach Edey during the second half. “He’s a master of the game,” Lakers head coach JJ Redick told a post-game press conference.
Persons: CNN — Victor Wembanyama, Frenchman, Devin Booker, LeBron James, Brandon Jennings, David Robinson’s, “ It’s, ” Wembanyama, , , Giannis, Giannis Antetokounmpo, Michael Redd, Isaiah Stewart, Jeff Hanisch, Damian Lillard, Khris Middleton, Bobby Portis, Antetokounmpo, Doc Rivers, Ron Holland, LeBron, James, LeBron James dunks, Zach Edey, Marcio Jose Sanchez, JJ Redick, Anthony Davis Organizations: CNN, San Antonio Spurs, Washington Wizards, Los Angeles Clippers, Spurs, Lakers, Milwaukee Bucks, Detroit Pistons, Indiana Pacers, Bucks, Utah Jazz, Fiserv, Reuters, Milwaukee, Antetokounmpo, Pistons, Los Angeles Lakers, Memphis Grizzlies, Philadelphia 76ers, Toronto Raptors, ” Lakers, ” Los Angeles Locations: Wembanyama, San Antonio, Bucks, Holland, ” Los
After the game, the NBA superstar put a timeline on his potential retirement. “I’m not going to play that much longer, to be completely honest,” James told reporters Wednesday. Last month, James and his oldest son, Bronny, became the first father-son duo to appear together in an NBA game. Beyond playing with his oldest son, he previously intimated that he would still like to play in the NBA should his other son, Bryce, a high school senior, have a chance to play in the league. “I don’t know,” James told cleveland.com.
Persons: LeBron James, “ I’m, ” James, , I’m, , James, Lebron James, Bronny, Bryce, Chris Ballard, cleveland.com, Victor Wembanyama Organizations: CNN, Los Angeles Lakers, Memphis Grizzlies, NBA, Grizzlies, Philadelphia 76ers, Toronto Raptors, Sports, Lakers, Cleveland Cavaliers, Emirates NBA, Spurs Locations: San Antonio
Disney stock surges on streaming growth, guidance
  + stars: | 2024-11-14 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +6 min
Disney | PixarDisney reported its fiscal fourth-quarter earnings Thursday, narrowly beating analyst estimates as streaming growth helped propel its entertainment segment. During Disney's fiscal 2025, the company expects high-single-digit adjusted earnings growth compared with the prior fiscal year. Disney anticipates double-digit percentage growth in operating income for its entertainment segment for fiscal 2025. Streaming stridesThe atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. During the fiscal fourth quarter Disney's streaming entertainment ad revenue was up 14% due to Disney+, and executives expect it to be a driver of streaming revenue going forward.
Persons: , Bob Iger, who's, they're, Hugh Johnston, Disney, Presley Ann, Walt Disney Organizations: Disney, Pixar Disney, Revenue, Warner Bros, Getty, Hulu, ESPN, Discovery, Netflix, Comcast, Paramount Global, " Media, U.S, Walt Locations: Los Angeles, India
Homebuilders and economists have said a deeper labor shortage could cause housing costs to spike. The issue is the construction labor force, whose 500,000-worker shortage is already making conditions more challenging. Related Video Musk visits border, calls for Trump-style wallForeign-born workers make up about a quarter of the construction workforce. They argue that the surge in home costs is largely a result of the nationwide housing shortage, and immigrants are a key part of building housing. AdvertisementDuring the pandemic, many older, experienced workers retired, and the pipeline of younger US-born workers isn't sufficient, homebuilders say.
Persons: Homebuilding execs, Donald Trump's, , Eric Finnigan, John Burns, Ben Metcalf, Jim Tobin, JD Vance, Trump, Vance, Barack Obama, Obama, Joe Biden, Tom Homan, Chad Blocker, Homebuilders, Dennis Webb Organizations: Service, Trump, University of California, National Association of Home Builders, Immigration, Biden Locations: Berkeley, Los Angeles, Phoenix
Eva Longoria opens up about choosing to live abroad
  + stars: | 2024-11-14 | by ( Alli Rosenbloom | ) edition.cnn.com   time to read: +1 min
CNN —Eva Longoria has chosen to live her life outside of the US. For years, her family has primarily lived outside of Hollywood and now split their time between Spain and Mexico, according to the publication. Longoria said she has increasingly felt like the US is “a scary place” and that she feels it will continue to be following the results of the presidential election. She acknowledged that she is “privileged” to be able to provide an escape abroad for herself and her family. “I would like to think our fight continues,” she said of her work with the Democratic party.
Persons: CNN — Eva Longoria, Marie Claire, José Bastón, Santiago, Longoria, “ They’re, Harris, Walz, , Organizations: CNN, Democratic, Women Locations: Angeles, Hollywood, Spain, Mexico, Texas
WASHINGTON — Over the last two years, a narrow Republican House majority has fought bitterly over everything from electing a speaker, keeping the government functioning and even passing symbolic messaging bills. Now, Republicans have clinched at least 218 seats to win a House majority, NBC News projects, but it’ll be another small one. “The House has always been a chaotic place, will always be a chaotic place. And here in the Senate, obviously, we continue to have a number of tools to exercise.”There is precedent for a narrow House majority delivering major legislation. ‘Trump is so volatile’Rep. Steny Hoyer, D-Md., a former House majority leader, told NBC News that nobody knows what to expect from the new GOP trifecta.
Persons: it’ll, Donald Trump, Will, it’s, Tony Gonzales, Mitch McConnell, John Thune, Rob Bresnahan, ” Democratic Sen, Chris Van Hollen, Joe Biden’s, , , Dusty Johnson, Robert Garcia, ” Garcia, Rosa DeLauro, “ We’ll, midsession, Biden, Mike Johnson, Richard Hudson, ” Hudson, we’ve, Ken Calvert, ‘ Trump, Steny Hoyer, Trump, ” Hoyer, Mark Pocan, Michael Waltz, Elise Stefanik, they’re, they’ve, ” Pocan Organizations: WASHINGTON, Republican, Republicans, NBC News, , Democratic, GOP, Trump, White House, ” Democratic, Senate, 119th Locations: Washington, Texas, Ky, Pennsylvania, Maryland, Connecticut, Ukraine, Russia, North Carolina, R, Los Angeles
Soto, 26, is hands down this winter’s most highly sought-after free agent, valued as much for his elite baseball skills as for his birth date. And in an age of swing-for-the-fences baseball, Soto struck out just 16.7% of the time, while the league whiffed at a 22.2% clip this season. Free agency is “going to be exciting,” Soto told reporters moments after the Yankees lost Game 5 of the World Series, ending the baseball season. The AL champion Yankees had the second-highest MLB payroll, at $309.8 million for their 40-man roster, according to Baseball Prospectus. There's no telling when Soto or other any free agents will come to terms with their 2025 teams.
Persons: Juan Soto, Soto, Al Leiter, Leiter, Shohei, Scott Boras, Ohtani, ” Soto, “ It’s, Aaron Judge, they'll, Bryce Harper, Harper, “ I’m, , Cy Young, Blake Snell, “ We’re Organizations: Major League Baseball, Yankees, American League, Dodgers, New York Mets, San Diego Padres, Boston Red Sox, Toronto Blue Jays, San Francisco Giants, MLB, baseball's, MLB Network, Mets, Red Sox, Blue Jays, Los Angeles Dodgers, Dodgers DH, NL, Soto's, Philadelphia Phillies, Phillies, Big Apple, AL, Baseball, Cleveland Guardians, The Dodgers Locations: Los Angeles, Southern California, Soto's New York, South Philly, San Diego, New York
That’s nearly double the household income of $56,800 needed to afford a new home in 2019. Just 36% of US households earned enough to afford a new home, compared to 59% in Q3 2019. A shortage of homes in the US, combined with increased demand, helped create intense competition, leading to skyrocketing home prices in cities across America. A major contributor to the home affordability crisis: rising mortgage rates. Mortgage rates, which are the interest rates a lender charges on a home loan, ballooned in 2022 and 2023 as the Federal Reserve hiked interest rates to combat inflation.
Persons: That’s, Louis, ” Barbara Denham Organizations: CNN, Oxford Economics, Midwest, Oxford, Federal Reserve Locations: America, San Jose , California, California, San Francisco , Los Angeles, San Diego, Cleveland , Louisville, Detroit, St, Florida , Arizona, South Carolina
Nearly three decades ago, Tomas Gorny came to the U.S. as a Polish immigrant living on $3 a day, after rent and transportation costs. Today, the 49-year-old Gorny is the founder of multiple tech businesses, including a cloud-based business communications company called Nextiva that was most recently valued at $2.7 billion. Gorny, the company's CEO, has a net worth exceeding $1 billion, according to a Nextiva spokesperson. After rent and transportation costs, he had only a few dollars per day for food and other necessities, he says. Two years later, his $3 per day turned into a net worth above $1 million, he says.
Persons: Tomas Gorny, Gorny, Organizations: CNBC, Internet Communications Locations: Germany, Los Angeles
Quincy Jones’ cause of death revealed
  + stars: | 2024-11-13 | by ( Dan Heching | Cheri Mossburg | ) edition.cnn.com   time to read: +4 min
Bob Parent/Hulton Archive/Getty Images Jones performs with his band in Vienna, Austria, in 1960. brandstaetter images/Hulton Archive/Getty Images Jones works with Frank Sinatra on a soundstage in 1964. Benainous/Reglain/Gamma-Rapho via Getty Images Jones poses with the six Grammys he won in 1991. Patrick Kovarik/AFP/Getty Images Jones and Oprah Winfrey appear on the red carpet together at the Academy Awards in 1995. Lois Bernstein/AP Jones poses for a photo with his daughters Kidada Jones and Rashida Jones in 2005. Charley Gallay/Getty Images Jones poses for a portrait during the Toronto Film Festival in 2018.
Persons: Quincy Jones, Jones, Ray Charles, Frank Sinatra, Michael Jackson, Bobby Holland, Michael Ochs, Bob Parent, John Dominis, Duke Ellington, David Redfern, Peggy Lipton, Shutterstock Jones, Doug Pizac, Lou Rawls, Ron Galella, Stevie Wonder, Sunny Bak, Will Smith, Miles Davis, Courtney Sale Ross, Richard Corkery, Eddie Murphy, Rick Maiman, Patrick Kovarik, Oprah Winfrey, Lois Bernstein, Kidada Jones, Rashida Jones, Donato Sardella, Kevin Mazur, Barack Obama, JIM WATSON, Michael Caine, Denise Truscello, Naomi Campbell, Charley Gallay, Chris Pizzello, , Lisa Respers France, Alli Rosenbloom Organizations: CNN, Associated Press, Michael Ochs Archives, Getty, CBS, HBO, United Negro College Fund, Lille, Montreux Jazz, Academy, Jones, White House, Toronto Film, Theatre, Abaca Press, AP, Recreation Locations: Bel Air , California, Los Angeles, Vienna, Austria, Redferns, Beverly Hills, Cannes, France, Switzerland, AFP, Haiti, Hollywood, Las Vegas
Younger Americans are moving to rural areas, reshaping demographics and economies. Census data shows a shift from cities to rural areas for people ages 25 to 44 since 2020. Instead, they're heading to rural areas. AdvertisementLombard said there's been a surge of young people moving to South Carolina, North Carolina, and Tennessee, oftentimes for work. Even with many companies pushing for mandatory return-to-office policies, younger Americans continued moving to rural communities in 2023 at an accelerated pace.
Persons: , Z, Hamilton Lombard, Lombard, there's, it's Organizations: Service, University of Virginia, Colorado Rockies, Brooklyn —, Power, nsheidlower Locations: Rural, Los Angeles, Kings County, Brooklyn, South Carolina, North Carolina, Tennessee, Flint , Michigan, Oak, Huntsville, Atlanta, Georgia
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