DETROIT (AP) — General Motors has taken two more steps to make sure it has the raw materials for the transition from petroleum to battery power, this time involving magnets for electric vehicle motors. On Thursday the company said it has a deal with MP Materials to supply rare earth metals and finished magnets for
Continue ReadingBy RALPH D. RUSSO AP College Football Writer Michigan pass rusher Aidan Hutchinson, Notre Dame quarterback Jack Coan and Baylor linebacker Terrel Bernard are among nine college football players selected as semifinalists for the Mayo Clinic Comeback Player of the Year award. The other semifinalists are West Virginia defensive lineman Taijh Alston; Johns Hopkins receiver
Continue ReadingBy Whitney Wild, Manu Raju, Daniella Diaz and Melanie Zanona, CNN The Longworth House Office Building of the US Capitol complex was put on a shelter-in-place order after a Capitol staffer brought a gun into the building, multiple sources told CNN. United States Capitol Police said in a statement this morning that officers “spotted the
Continue ReadingBy Stella Chan, CNN Officers in Stockton, California, fatally shot an armed man Wednesday night as he charged toward them in the parking lot of a police department building, the local police chief said. The shirtless man “was armed with a handgun and was continually firing the gun — walking — it appears mostly up
Continue ReadingBy MICHAEL HILL Associated Press ALBANY, N.Y. (AP) — State University of New York Chancellor James Malatras said he will resign amid criticism for sending text messages mocking one of the women who later accused former Gov. Andrew Cuomo of sexual harassment. Calls for Malatras’ resignation or removal began after the state Attorney General late
Continue ReadingBy BRENDAN KIRBY Click here for updates on this story MOBILE, Alabama (WALA) — A former medical staffing company employee admitted Wednesday that she used to her permission to steal personal information, which she then used to obtain more than $127,000 in fraudulent loans. Roseanna Taylor, 41, pleaded guilty to federal conspiracy and wire fraud
Continue ReadingBy Chris Isidore, CNN Business A union has won the right to represent US Starbucks workers for the first time. The vote to unionize at a shop in Buffalo, New York, won by a 19-8 margin. The vote at a second store resulted in a count of 12 opposed versus 8 in favor of the
Continue ReadingBy DAMIAN J. TROISE AP Business Writer The airline industry’s recovery is being tested this holiday season as passengers return in near pre-pandemic numbers. The resurgence in air travel is being fueled by pent-up demand and the availability of vaccines, along with an apparent lull in virus cases since summer’s big wave. The Transportation Security
Continue ReadingCNN Opinion by Bill Carter for CNN Business Perspectives Ah, Christmas movies: the snow, the decorations, the families reuniting, the elves, Santa, the reindeer, the couples from the covers of romance novels falling in love against all odds. Wait. What? If you haven’t noticed how the 10 most common tropes of Christmas movies have changed
Continue ReadingOpinion by Bill Carter for CNN Business Perspectives Ah, Christmas movies: the snow, the decorations, the families reuniting, the elves, Santa, the reindeer, the couples from the covers of romance novels falling in love against all odds. Wait. What? If you haven’t noticed how the 10 most common tropes of Christmas movies have changed in
Continue ReadingBy ANDREW DALTON AP Entertainment Writer Neil Young had a barn rebuilt in the Rockies and used it to reunite with his old backing band Crazy Horse. The little log structure from the 1850s lends its name to the album that resulted, just called “Barn.” It will be released Friday along with a documentary of
Continue ReadingMINNEAPOLIS (AP) — Authorities say a crash in Minneapolis that followed a police pursuit of an SUV that was reportedly stolen has left two juveniles dead and three others hospitalized. Police say officers in suburban Robbinsdale spotted a Mercedes SUV about 2 a.m. Thursday that was reported stolen in Minneapolis and attempted to stop the
Continue ReadingBy MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — The average interest rate on a long-term mortgage in the U.S. held firm again this week. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year, fixed rate home loan ticked down this week to 3.10% from 3.11% last week.
Continue ReadingBy MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — The average interest rate on a long-term mortgage in the U.S. held firm again this week. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year, fixed rate home loan ticked down this week to 3.10% from 3.11% last week.
Continue ReadingGermán Padinger (CNN Español) — Cuarentenas, cierres de fronteras, teletrabajo y calles vacías… Las restricciones sanitarias impuestas en el contexto de la pandemia de covid-19 en 2020 y parte de 2021 golpearon con fuerza a la economía global, aumentando el número de pobres. Y América Latina, una región particularmente afectada por la desigualdad, no fue
Continue ReadingCNN, CNNBUSINESS By Laura He, CNN Business Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings. The credit ratings agency on Thursday downgraded the company and its subsidiaries to “restricted default,” meaning that the firm has failed to meet its financial obligations. Fitch said the downgrade reflects the company’s
Continue ReadingBy Marianne Garvey, CNN Banana Split has been revealed. Katharine McPhee and her producer husband David Foster were unmasked as Banana Split on the latest episode of “The Masked Singer.” There are two finalists left, Bull and Queen of Hearts, who will now compete next week in the season finale. In the latest round, contestants
Continue ReadingBy Web Staff Click here for updates on this story NEW YORK CITY (WABC) — The New York City Council is expected to approve a bill that would let non-U.S. citizens vote in citywide elections. The measure would allow those residents to vote in races for mayor, public advocate, borough president and city council. Under
Continue ReadingLONDON (AP) — Irish jockey Robbie Dunne has been given an 18-month ban after being found guilty of bullying and harassing female rider Bryony Frost in a disciplinary case that highlighted a weighing-room culture described as “not conducive to the development of modern-day race-riding.” Dunne was found in breach on all four counts of conduct
Continue ReadingBy Lisa Respers France, CNN Amazon Music and Prime Video will live stream Kanye West’s first headlining concert in five years. West will be joined by special guest Drake for the The Free Larry Hoover Benefit Concert, set to take place Thursday at the Los Angeles Memorial Coliseum. The event will be free to stream
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