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Scarlet Cardona

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U.S. auto sales expected to slow in second half of 2024

U.S. auto sales expected to slow in second half of 2024

Cars are parked in the parking lot of a Chevrolet dealership in Chicago, Illinois, on June 20, 2024. A cyberattack on CDK Global, a software provider that helps dealers manage sales and service, disrupted operations at approximately 15,000 dealerships in the United States and Canada. DETROIT – U.S. auto sales are expected to rise 2.9% in the first half of this year from a year earlier. However, there are concerns that the auto industry may struggle to maintain its momentum in the final six months of the year. Cox Automotive reports that vehicle inventory levels are increasing, incentives are increasing,…
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The EU accuses Microsoft of “abusively” bundling Teams and Office, violating antitrust rules

The EU accuses Microsoft of “abusively” bundling Teams and Office, violating antitrust rules

On Tuesday, the European Union (EU) accused Microsoft of violating antitrust rules by "abusively" bundling its Teams and Office products. The European Commission, the EU's executive body, has issued a statement of objections to Microsoft, saying it believes the company has violated EU antitrust rules by linking its communications and collaboration tool, Teams, to its popular productivity applications found in the Office 365 and Microsoft 365 business suites. If the Commission determines that an infringement has occurred after examining the companies' responses, it has the authority to prohibit such conduct and impose fines of up to 10% of the accused…
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Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders increase bets for August cut

Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders increase bets for August cut

General view of the Bank of England building in London. LONDON – The Bank of England announced its decision to keep interest rates steady at its June meeting, but described the move as “finely balanced” following the UK’s achievement of its 2% inflation target. Money market prices had been pointing to a roughly 50% chance of a rate cut in August, as investors had interpreted a subtly dovish message. The central bank's key interest rate stands at 5.25%, its highest level in 16 years, held since August. Seven members of the monetary policy committee voted to keep the rate unchanged,…
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15 Donald Sutherland Movies to Stream: ‘Hunger Games,’ ‘M*A*S*H’ and More

15 Donald Sutherland Movies to Stream: ‘Hunger Games,’ ‘M*A*S*H’ and More

A lithe and seductively charming actor who worked consistently for more than six decades in Hollywood, often as a leading man, Donald Sutherland died on Thursday at 88. As a thinking man’s sex symbol whose versatility made him equally persuasive in irreverent comedies and heart-rending dramas, Sutherland worked with major directors across multiple eras, including Robert Altman, Federico Fellini and Clint Eastwood and looked comfortable in both modern dress and period garb. His unusual height — he was 6-foot-4 — and sonorous voice gave Sutherland an authoritative gait, but he was given more toward gentle-giant sensitivity than masculine swagger. Narrowing…
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Kenyan president rejects bill that sparks deadly protests

Kenyan president rejects bill that sparks deadly protests

Among those who sat behind him were lawmakers who, only the day before, had passed the bill in Parliament, some despite being roundly condemned by their constituents for supporting the legislation. The announcement was a sudden about-face for Ruto, who in a speech on Tuesday night called protesters “dangerous criminals” and “traitors” and deployed the army to join the police in cracking down on the protests. Ruto's government introduced the finance bill last month to raise revenue by imposing additional taxes. The government has said the bill is needed to repay the country's huge debt, avoid loan defaults and cover…
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The Lakers officially introduce JJ Redick as their new coach

The Lakers officially introduce JJ Redick as their new coach

In an engaging sports discussion, prominent sports personalities Skip Bayless, Rachel Nichols and Keyshawn Johnson delve into the latest news, covering various topics, including JJ Redick's highly anticipated press conference announcing his Los Angeles Lakers. As the conversation unfolds, Skip Bayless, known for his insightful analysis, provides his unique perspective on adding Redick to the Lakers' roster. With his quick wit and deep understanding of the game, Bayless explores the potential impact that Redick's shooting prowess and veteran experience can bring to the team. He raises questions about how Redick's presence will complement the Lakers' current star-studded lineup and whether…
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Italy’s Meloni Uncomfortable as EU Reaches Agreement on Top Positions

Italy’s Meloni Uncomfortable as EU Reaches Agreement on Top Positions

European Commission President and European People's Party (EPP) lead candidate for re-election, Ursula von der Leyen, greets delegates before giving a speech at the party congress of the German conservative Christian Democratic Union (CDU) at the Estrel Berlin Hotel in Berlin, 8 May 2024. John MacDougall | Afp | Getty Images The European Union's three main political groups have reached an agreement on who will fill the bloc's top positions, according to three officials who spoke to CNBC. That deal has caused some dissatisfaction among some lawmakers in Europe. The officials, who remained anonymous due to the sensitive nature of…
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Trade conflicts aside, Chinese companies remain active in US market, survey finds

Trade conflicts aside, Chinese companies remain active in US market, survey finds

A recent survey by a Chinese business group in the United States shows that Chinese companies are still interested in doing business in the United States, despite the difficult times. Most of the companies surveyed (nearly 60%) want to continue investing the same amount of money in the United States, and some (30%) even want to invest more. The survey also found that many Chinese companies are concerned about the relationship between the United States and China and the overall health of the U.S. economy. More than 60 percent of respondents believe the economic environment in the United States is…
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See Kenya protests in Nairobi

See Kenya protests in Nairobi

Violence erupted in Kenya on Tuesday as protesters clashed with police in the streets and stormed the country's parliament building after lawmakers passed a bill to raise taxes. Columns of thick smoke poured from the Parliament complex. Protesters furious at the tax increase foreseen by the budget law threw stones and blocked the streets. The protests have paralyzed Kenya's capital, Nairobi, and images of protesters storming parliament and entering the complex have shocked the nation. More than 30 protesters have been injured and at least five killed, according to several civic groups. Protests spread across the country to Nakuru, Mombasa,…
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