Browsed by
Category: Uncategorized

GM boosts full-year outlook as it foresees a smaller impact from tariffs

GM boosts full-year outlook as it foresees a smaller impact from tariffs

By MICHELLE CHAPMAN

General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street’s expectations.

Related Articles

Shares surged more than 15% in afternoon trading on Tuesday, its biggest one-day jump since May 2018.

The automaker reduced its expectations for the full-year gross impact from tariffs to a range of $3.5 billion to $4.5 billion. Its previous guidance was $4 billion to $5 billion. GM anticipates its tariff mitigation actions will offset about 35% of the impact due to a lower tariff base. read more

Can states, and a little bit of faith, convert church land into affordable housing?

Can states, and a little bit of faith, convert church land into affordable housing?

By Robbie Sequeira, Stateline.org

Growing up in a religious family, Florida Republican state Sen. Alexis Calatayud has seen how many church communities are no longer anchored to a single building in the way they used to be. Her small prayer groups take place over chats these days, not necessarily in person or sitting shoulder-to-shoulder in pews.

Related Articles

With churches in her Miami-Dade County district grappling with shrinking membership and aging buildings, Calatayud thinks those institutions can do good with their unused land, by acting as anchors of new housing rather than as bystanders in neighborhood redevelopment.

“When you look at someone sitting on a small church, on a 10-acre property with a dwindling congregation, the question becomes, ‘How can this entity continue to be the beating heart of the community?’” Calatayud said in an interview. read more

What to know about the Amazon Web Services outage

What to know about the Amazon Web Services outage

NEW YORK (AP) — Internet disruptions tied to Amazon’s cloud computing service affected people around the world Monday trying to connect to online services used for work, social media and video games.

About three hours after the outage began, Amazon Web Services said it was starting to recover from the problem. But the company later said it was continuing to respond to “significant” errors and connectivity issues across multiple services.

What is Amazon Web Services

Amazon Web Services is a cloud computing provider that hosts many of the world’s most-used online services. AWS provides behind-the-scenes cloud computing infrastructure to many government departments, universities and businesses

Seattle-based Amazon said the problems were centered in its Virginia-based US-EAST-1 data center region, one of its most important cloud hubs around the world. The region is a backbone “for so many services that when things go screwy, domino effects around the internet-as-we-know-it are enormous,” wrote John Scott-Railton, a cybersecurity researcher at Citizen Lab, in a social media post. read more

Disney+ and Hulu cancellations rose after ABC briefly pulled ‘Jimmy Kimmel Live!’

Disney+ and Hulu cancellations rose after ABC briefly pulled ‘Jimmy Kimmel Live!’

NEW YORK (AP) — Disney+ and Hulu subscription cancellations rose during the month that ABC briefly cancelled “Jimmy Kimmel Live!, ” according to data from subscription analytics company Antenna.

Walt Disney Co. owns the streaming platforms and ABC. ABC pulled the show off the air for less than a week in September in the wake of criticism over his comments related the killing of conservative activist Charlie Kirk.

Related Articles

Antenna estimates total cancellations in September were 4.1 million for Hulu and 3 million for Disney+. The “churn rate,” or the percentage of customers that cancel their subscriptions in a specific month, jumped from 5% in August to 10% in September for Hulu. That figure jumped 4% in August to 8% in September for Disney+. read more

Nearly 22 million Americans forecast to cruise in 2026, AAA says

Nearly 22 million Americans forecast to cruise in 2026, AAA says

A record number of Americans are predicted to get on board in 2026 for a cruise vacation with Florida’s big three ports forecast to be the top embarkation points, according to a report from AAA.

The travel company projects 21.7 million Americans will book a sailing next year, a 4.5% increase from 2025’s numbers that have already seen 20.7 million travelers from the U.S.

“Cruising is surging, with travelers booking more voyages and exploring new destinations in record numbers,” said Debbie Haas, vice president of travel for AAA in a press release.

The projection would mark the fourth year in a row of records set, which dipped from 2020-2022 because of fallout from the COVID pandemic.

Winter cruise guide: New ships about to descend on Florida’s big 3 ports

PortMiami is projected to lead the way again with its share of the traffic, responsible for 10.2% of all American cruise embarkations and debarkations. Port Canaveral, which held the title of world’s busiest cruise port for one year based on 2022’s traffic after the pandemic reopening, but has since fallen back to No. 2, should grab 8.8% of the traffic, while No. 3 Port Everglades should get 5.6%. read more