Month: October 2024
Cuba fights to come back from a nationwide blackout, then a storm that killed six
A woman works in a restaurant during a blackout in Havana, Cuba, October 17, 2024. Norlys Perez | Reuters A small town in far eastern Cuba was recovering Tuesday from flooding that killed at least six people after Hurricane Oscar crossed the island’s eastern coast as a tropical storm with winds and heavy rain. Cuba’s […]
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Former Abercrombie CEO Mike Jeffries arrested in sex trafficking case
File: Mike Jeffries, then Abercrombie & Fitch CEO in 2005. Michael Loccisano | FilmMagic | Getty Images Former Abercrombie & Fitch CEO Mike Jeffries was arrested in Florida and faces sex trafficking-related charges, a spokesman for federal prosecutors in the Eastern District of New York told CNBC on Tuesday. Two of Jeffries’ associates, Matthew Smith […]
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New Boeing CEO to give clues on company’s future, while striking workers vote on new contract
Ryan Bergh, a machinist at Boeing’s factory in Everett, Washington for 10 years, cheers during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. (Photo by Jason Redmond / AFP) (Photo by JASON REDMOND/AFP via Getty Images) Jason Redmond […]
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IMF hikes UK growth outlook amid lower inflation and interest rates
General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth […]
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Peloton partners with Costco to sell Bike+ as it looks to reach young, wealthy customers
Peloton’s stationary bikes will soon sell at Costco’s stores and on its website as the beleaguered fitness company looks for new ways to reach younger and affluent customers, Peloton is set to announce Tuesday. Under the terms of the deal, Costco will offer Peloton’s Bike+ in 300 of its U.S. stores for $1,999, and on […]
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MLS attendance and sponsorship revenue hit regular season records
Lionel Messi of Inter Miami competes during a friendly match between Inter Miami and Newell’s Old Boys at DRV PNK Stadium in Fort Lauderdale, Florida on February 15, 2024. Arturo Jimenez | Anadolu | Getty Images Major League Soccer scored several regular season records, including for attendance and sponsorship, thanks in part to international super […]
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SAP boss warns against regulating AI, says Europe risks falling behind U.S., China
Key Points Christian Klein, head of German software giant SAP, says Europe risks falling behind the U.S. and China if it ends up overregulating the AI sector. “If you only regulate technology in Europe, how can our startups here in Europe … compete against the other startups in China, in Asia, in the U.S.?” Klein […]
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Stocks making the biggest moves premarket: Cheesecake Factory, Sherwin-Williams, 3M and more
Check out the companies making headlines before the bell. Cheesecake Factory — Shares gained more than 3% after activist investor JCP Investment Management built a stake in the company and asked it to consider spinning off three of its brands into a separate company. General Motors — Shares were down slightly even after the automaker […]
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Qatar Airways partners with Elon Musk’s Starlink for high-speed Wi-Fi milestone
Qatar Airways Group CEO Badr Al Meer (center) and Qatar Tourism Chairman Saad bin Ali Al Kharji (left) speak with Elon Musk (right) via Starlink on board the flight. Qatar Airways Qatar Airways launched Tuesday its inaugural Boeing 777 flight equipped with Elon Musk’s Starlink internet, paving the way for a new era of in-flight […]
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‘Swicy’ items take over restaurant menus as Gen Z seeks heat
A general view of atmosphere during ‘Sonic Desert’ presented by Coca-Cola Spiced and Topo Chico in partnership with BPM Music on April 13, 2024 in Thermal, California. Randy Shropshire | Getty Images The hottest food and drink trend this year isn’t just spicy — it’s also sweet. “Swicy,” a portmanteau of sweet and spicy, has […]
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