Thursday, April 9

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Family members stand behind Lyle and Erik Menendez as they await potential release
World News

Family members stand behind Lyle and Erik Menendez as they await potential release

By Chelsea Bailey and Amanda Musa, CNN Erik Menendez, left, and his brother Lyle listen during a pre-trial hearing on 29 December 1992. Photo: AFP / VINCE BUCCI As the Los Angeles County district attorney weighs new evidence that could see Lyle and Erik Menendez released from prison after more than 30 years, nearly two dozen of their relatives are expected to speak on their behalf at a news conference. In 1996, the Menendez brothers were convicted and sentenced to life in prison without the possibility of parole for the murders of their parents, Jose and Kitty, in their Beverly Hills home. Although they have never denied killing their parents, both men maintained during their trial that they acted in self-defence and suffered years of physical and sexual abuse from their father. Atto...
Lucid shares tumble on public offering of nearly 262.5 million shares
Business

Lucid shares tumble on public offering of nearly 262.5 million shares

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom on May 24, 2024 in San Francisco, California. Justin Sullivan | Getty ImagesShares of Lucid Group dropped by more than 10% during after-hours trading following the electric vehicle startup announcing a public offering of nearly 262.5 million shares of its common stock.The announcement was made in conjunction with plans for Lucid's majority stockholder and affiliate of Saudi Arabia's Public Investment Fund, Ayar Third Investment Co., to purchase more than 374.7 million shares of common stock from Lucid in a "private placement concurrently with the public offering."Following the transaction, Ayar is expected to maintain its approximate 58.8% ownership of Lucid's outstanding common stock, Lucid said in a release.Luci...
Diamond, FanDuel reach naming rights deal for regional sports networks
Business

Diamond, FanDuel reach naming rights deal for regional sports networks

Pavlo Gonchar | Lightrocket | Getty ImagesMore change is coming to Diamond Sports' regional sports networks.The company said in court papers filed Tuesday that it reached a naming rights deal with Flutter-owned FanDuel, which will rebrand the Bally Sports channels just as the National Hockey League season has started and the National Basketball Association's 2024-2025 season is less than a week away.Diamond Sports said in the filing that if it is able to emerge from bankruptcy protection, FanDuel will be a "long-term naming rights partner." The new naming rights agreement would also give FanDuel the right to buy up to 5% of equity in the reorganized company and get performance warrants for up to 5% of equity.The agreement is subject to court approval.The new partnership will allow Diamond ...
Samantha Prabhu ‘begged’ Raj & DK to cast someone else in `Citadel: Honey Bunny`
Entertainment, Movies

Samantha Prabhu ‘begged’ Raj & DK to cast someone else in `Citadel: Honey Bunny`

Actress Samantha Ruth Prabhu, who is making a powerful comeback on screen following the diagnosis of her autoimmune disorder myositis, says she begged the makers of ‘Citadel: Honey Bunny’ Raj and DK to cast someone else owing to her health concerns. They however did not budge and went ahead with Samantha, who is garnering praise for her action sequences as seen in the trailer that was launched recently.  Samantha Ruth Prabhu suggested 4 names to play Honey  In an interview with Galatta India, Samantha shared, “I begged them to move on because I really didn’t think I could do it. I was really sure I couldn’t. I sent other recommendations, ‘Look at this heroine, she is so amazing. She will kill it. I beg you I can’t do this.’ I sent like four options to them. I was really not well.” She...
Former US president Jimmy Carter, 100, casts vote in election 2024
World News

Former US president Jimmy Carter, 100, casts vote in election 2024

United States President Jimmy Carter holds a press conference in the East Room of the White House in Washington, DC on 4 August 1980. Photo: AFP / File Fifteen days after turning 100, former US president Jimmy Carter cast his vote in the US election, fulfilling an earlier declared wish to live long enough to back Kamala Harris in the poll. The former Democratic leader "voted by mail," according to the Carter Center, the non-profit he founded after he left the White House in 1981 to pursue his vision of world diplomacy. The centenarian - who left office under a cloud of unpopularity, but has seen his star rise ever since - took advantage of early voting in his home state of Georgia, where he is receiving hospice care. Carter had told his family earlier this year that living long enough t...
Bella Freud launches her M&S collaboration: the best pieces to upgrade your autumn winter wardrobe
Life Style

Bella Freud launches her M&S collaboration: the best pieces to upgrade your autumn winter wardrobe

When Bella Freud thinks of a moment that helped consolidate her style, a photograph of her father, the artist Lucian Freud, aged 15, standing alongside her great-grandfather,  the “father of psychoanalysis” Sigmund Freud, comes to mind. Both are a strict sartorial vision in their constrictive tailoring. “They’re not dressed for a special occasion, just in this stuff — and it looks so good,” she says, grinning from her study, dressed herself in a punkish, loose-knit black jumper and fully buttoned white shirt. Source link
Retail spending report could show consumers still pouring money into the economy
Business

Retail spending report could show consumers still pouring money into the economy

Consumer spending was expected to hold strong in September — possibly even more than forecast and enough to throw another wrinkle into the Federal Reserve's thought process. The Census Bureau's retail sales report Thursday morning is likely to show a monthly increase of 0.3%, a number that is adjusted for seasonal factors but not inflation, according to the Dow Jones consensus. That would show an increase of 0.1% in August and would be higher than the 0.2% inflation rate for the month as measured by the consumer price index. While that in itself would be a solid performance, indicating consumers are keeping pace with inflation, there are some signs it could be even stronger. Bank of America, for one, thinks the sales number excluding autos may have shot higher by 0.7%, well above the 0.1% ...
India’s alleged interference in Canada was ‘horrific mistake,’ Justin Trudeau says
World News

India’s alleged interference in Canada was ‘horrific mistake,’ Justin Trudeau says

Canadian Prime Minister Justin Trudeau attends a press conference on 14 October 2024, on Parliament Hill in Ottawa, after Canada expelled six top Indian diplomats, including the country's ambassador. Photo: AFP / DAVE CHAN Canadian Prime Minister Justin Trudeau says India made "a horrific mistake" by thinking it could interfere as aggressively as it allegedly did in Canada's sovereignty. Trudeau made the remark two days after Canada kicked out six Indian diplomats, linking them to the murder of a Sikh separatist leader in Canada and alleging a broader effort to target Indian dissidents in the country. The Canadian leader's comments were the strongest he has made in a year-long dispute that plunged bilateral relations to a new low. "The Indian government made a horrific mistake in thinki...
Analysts have cut earnings estimates on these stocks reporting next week
Business

Analysts have cut earnings estimates on these stocks reporting next week

Investors should keep an eye on companies that could disappoint on earnings and see their share price fall. Wall Street has been lowering its third-quarter growth estimates for months now. According to a recent FactSet note, companies in the S & P 500 are projected to see a 4.2% increase in earnings compared with the same quarter a year ago, down from an expected 7.8% on June 30. That's not abnormal, however, as third-quarter growth estimates tend to decline in the preceding months. Nearly 10% of S & P 500 companies have already reported results, with more than 79% beating earnings estimates, according to FactSet. Several names could still disappoint, however. To find those that might, CNBC Pro screened FactSet for stocks in the S & P 500 that are reporting next week. These nam...