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College basketball powerhouse Gonzaga set to join rebuilt Pac-12
Basketball powerhouse Gonzaga will become the latest member of the rebuilt Pac-12 Conference, the school announced Tuesday. Gonzaga will move from the West Coast Conference, where it has dominated for most of the last quarter century, into a conference that was being rebuilt around football, but should be pretty stout on the basketball court. Gonzaga will become the eighth member along with holdovers Washington State and Oregon State, and fellow newcomers Boise State, San Diego State, Fresno State, Utah State and Colorado State from the Mountain West.
Kamala Harris on working at McDonald's in her 20s: ‘It was not a small job'
Before going into politics, Vice President Kamala Harris worked at McDonald's in her 20s, she confirmed in a recent interview with MSNBC's Stephanie Ruhle. While Harris describes her time at the popular fast-food chain as a summer job she took in college to earn spending money, she believes her experience there allowed her to connect more authentically to the financial struggles of everyday working Americans in her pursuit toward the highest office in the country.
Nike shares fall 7% after sneaker giant withdraws full-year guidance ahead of CEO change
Nike withdrew is full-year guidance and said it was postponing its investor day, which had been scheduled for November. Nike beat earnings expectations by 18 cents, but it fell short on revenue as it works to fix its product assortment and rework its approach to innovation. The sneaker giant is...
Tesla set to report Q3 deliveries ahead of robotaxi event
Tesla is set to report third-quarter vehicle production and delivery numbers on Wednesday. Analysts are expecting Elon Musk's automaker to report about 463,310 deliveries, representing a 6.5% increase year over year, according to estimates compiled by FactSet StreetAccount. Shares in the EV maker have been trending higher for weeks in...
Federal spending on children peaked in 2021. Now it may decline by $230 per child in 2024, report finds
Federal spending on children has seen a "steep decline" since a 2021 pandemic peak, according to new research from the Urban Institute. In 2024, expenditures on children are expected to level off, with a projected decline of about $230 per child from the previous year, the research found. Next year,...
What every college student needs to know about getting a first credit card
Getting a credit card can be a smart financial move for college students to build a strong credit history early in adult life. Over half of college students have a credit card, according to Sallie Mae, and financial industry regulations have become stricter in recent decades to protect young borrowers.
GM reports 2.2% decrease in third-quarter sales, but EVs make gains
DETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter. The Detroit automaker reported a 2.2% drop in third-quarter sales compared with a year earlier, slipping to 659,601 vehicles sold. Auto industry forecasters such as Cox Automotive and Edmunds had expected GM's sales to be down by more than 3% during that time.
Who will be the NFL's last undefeated team in 2024?
The 1972 Miami Dolphins can turn their attention to two teams. The Kansas City Chiefs and Minnesota Vikings were the only franchises to make it through September unscathed and stand at 4-0. Kansas City is off and running in its chase for a third straight Super Bowl, though the team...
Iran preparing imminent missile attack on Israel, US warns, pledging ‘severe consequences'
Iran is preparing to “imminently” launch a ballistic missile attack on Israel, according to a senior U.S. administration official, who warned Tuesday of “severe consequences” should it take place. The official, who spoke on the condition of anonymity to discuss the intelligence, said the U.S. is...
Real estate fees settlement created ‘a new competitive ballgame,' expert says. Here's what buyers, sellers need to know
As a result of a recent class-action settlement, home sellers are no longer obligated to offer commission for both the buyer and seller agents. Some agents are talking to home sellers about the benefits of offering commissions for buyer's agents. Homebuyers may need to take the time to understand the...
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion
PepsiCo is buying Mexican American food company Siete Foods for $1.2 billion. Siete's tortilla chips and other products are designed to meet dietary restrictions. Packaged food companies are turning to deal-making to drive sales growth. PepsiCo said Tuesday that it's buying Mexican American food company Siete Foods for $1.2 billion,...
Former British PM Boris Johnson says Queen Elizabeth had ‘a form of bone cancer' in new memoir
Former British Prime Minister Boris Johnson says the late Queen Elizabeth II had bone cancer prior to her death. Johnson makes the claim in his upcoming memoir, in which he also chronicles his final meeting with the monarch two days before she died on Sept. 8, 2022. In his book,...
MLB scraps All-Star Game uniforms and announces changes for regular jerseys
Major League Baseball is going back to using primary team uniforms for the All-Star Game, scrapping criticized special jerseys used for the past four years. Club uniforms were used by the American League from 1933-2019 and by the National League from 1934-2019. Players from the All-Star host team league wear their home uniforms and the other All-Star team's players wear their road jerseys.
Spacecraft delivery startup founded by former SpaceX rocket guru raises $150 million, led by Founders Fund
Los Angeles-based space startup Impulse, led by renowned rocket specialist Tom Mueller, raised $150 million in a new round led by Founders Fund. Impulse is scaling a product line of orbital transfer vehicles — colloquially known as "space tugs" — and so far is building two, Mira and Helios.
Microsoft's new Windows 11 update comes with energy use and Wi-Fi enhancements
Microsoft is starting the process of releasing a broad update to its Windows 11 operating system for PCs. Today, Windows accounts for just 9% of Microsoft's $245 billion in fiscal 2024 revenue, but since revenue from Windows is highly profitable, the product enhancements keep coming. The new Windows 11 update...
Saudi Arabia slashes growth forecasts, sees wider budget deficits
Saudi real GDP is expected to grow 0.8% this year, in a dramatic drop from a previous estimate of 4.4%, according to the latest pre-budget report published by the Ministry of Finance on Monday. Saudi authorities also expect that the budget will remain in deficit for the next several years,...
Sony's PlayStation Network suffers hourslong outage, irking videogamers
Sony's PlayStation Network went down for hours on Tuesday, frustrating gamers around the world who complained they weren't able to sign in to their accounts. PlayStation Network said on its website that “some services are experiencing issues," and that players "might have difficulty" logging in, creating accounts, launching games or getting video content.
Mark Cuban says his dog is a better problem-solver than AI right now: ‘I think smart puppies are smarter'
If you ask Mark Cuban, artificial intelligence isn't a very capable problem-solver — and he doesn't see that changing any time soon. In an interview with Wired last month, the billionaire entrepreneur and investor posed a question: If you were blind, would you trust a seeing-eye dog or a self-driving car more to guide you for a few blocks?
Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans
Mastercard on Tuesday said it's agreed to acquire Minna Technologies, a subscription management software startup. The payments giant touted the deal as a way to help consumers with a key pain point — managing the myriad subscription services that exist today, from Netflix to Amazon Prime. According to Juniper...
Microsoft's mammoth AI bet will lead to over $100 billion in data center leases
Microsoft's tally of finance leases that haven't yet commenced yet, mainly for data centers, has soared to $108.4 billion. That's up by more than $100 billion in two years. The leases are geared toward building out data centers to handle artificial intelligence workloads, but they'll likely put pressure on margins.
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