Category: News | Business (page 30 of 84)

23 Grands Prix, a new venue, and the return of some classics – 5 key takeaways from the 2022 calendar reveal | F1

F1 | 23 Grands Prix, a new venue, and the return of some classics – 5 key takeaways from the 2022 calendar reveal

The 2022 Formula 1 calendar has finally been revealed, charting the championship’s course for the season as the brand-new breed of F1 cars prepare to make their debut. Here are five takeaways from the 2022 calendar announcement…

1. It’s set to be the biggest F1 season ever

The 2022 Formula 1 season is set to be the most bumper yet, with 23 races slated for the year – up from the 22 in 2021.

Provisional 2022 Formula 1 calendar

Date Grand Prix Venue
20 March Bahrain Sakhir
27 March Saudi Arabia Jeddah
10 April Australia Melbourne
24 April Emilia Romagna Imola*
8 May Miami Miami**
22 May Spain Barcelona*
29 May Monaco Monaco
12 June Azerbaijan Baku
19 June Canada Montreal
3 July United Kingdom Silverstone
10 July Austria Spielberg
24 July France Le Castellet
31 July Hungary Budapest
28 August Belgium Spa
4 September Netherlands Zandvoort
11 September Italy Monza
25 September Russia Sochi
2 October Singapore Singapore*
9 October Japan Suzuka
23 October USA Austin*
30 October Mexico Mexico City
13 November Brazil Sao Paulo
20 November Abu Dhabi Abu Dhabi

* subject to contract
** subject to FIA circuit homologation

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See how Tesla’s ‘full self-driving’ mode works | CNN BUSINESS

CNN BUSINESS | See how Tesla’s ‘full self-driving’ mode works

(CNN) – Despite concerns from regulators, Tesla is rolling out its autonomous driving feature to some owners who can prove they are safe drivers.  —watch— 

NASA’s Lucy mission is ready to launch and explore never-before-seen asteroids | CNN World

CNN World | NASA’s Lucy mission is ready to launch and explore never-before-seen asteroids

(CNN) – The first NASA mission to fly by a total of eight ancient asteroids is ready for launch.

Weather conditions will be 90% favorable on the morning of October 16, when the Lucy mission is set to leave Cape Canaveral Space Force Station at 5:34 a.m. ET. If it doesn’t launch at that time, the window for liftoff remains open for 75 minutes.

Lucy will embark on a 12-year mission to explore Jupiter’s Trojan asteroid swarms, which have never been observed. The Trojan asteroids, which borrow their name from Greek mythology, orbit the sun in two swarms — one that’s ahead of Jupiter, the largest planet in our solar system, and a second one that lags behind it.  —read more—  

Your children need life skills — this dad explains how to teach them | CNN health

CNN health | Your children need life skills — this dad explains how to teach them

(CNN) – I taught my 12-year-old daughter to change a car battery at 8 p.m. in a grocery store parking lot.

It’s one of the many skills that I want her to know in case she ever finds herself stranded in a parking lot — just like her father at that very moment. I also wanted to get her familiar with a car engine, even though to me it mostly looks like metal spaghetti.

Parents know there is a whole host of life skills that our children need to learn, but my reasons date back to my childhood.

My father taught me how to do laundry, but no one talked about mental health — we covered up our issues with bro talk and the firm belief that real men don’t cry.  —read more—  

‘Ghost towns’: Evergrande crisis shines a light on China’s millions of empty homes | CNN BUSINESS

CNN BUSINESS | ‘Ghost towns’: Evergrande crisis shines a light on China’s millions of empty homes

Evergrande‘s unraveling is still commanding global attention, but its troubles are part of a much bigger problem.

For weeks, the ailing Chinese real estate conglomerate has made headlines as investors wait to see what will happen to its enormous mountain of debt. As the slow-moving crisis unfolds, analysts are pointing to a deeper underlying issue: China’s property market is cooling off after years of oversupply.

Chinese authorities finally weighed in on the Evergrande crisis on Friday. The People’s Bank of China said the company had mismanaged its business but risks to the financial system were “controllable.”

“In recent years, the company has failed to manage its business well and to operate in accordance with market changes,” Zou Lan, director of the financial market department at the Chinese central bank, said at a press briefing. “Instead, it blindly diversified and expanded, resulting in serious deterioration of its operating and financial indicators, which eventually led to risks.”  —read more—  

Second sale of Banksy’s shredded painting sets staggering new record at $25.4 million | CNN style Arts

CNN style Arts | Second sale of Banksy’s shredded painting sets staggering new record at $25.4 million

The Banksy painting that partially self-destructed at auction three years ago has sold once more, for a staggering £18.5 million ($25.4 million).

The new auction for “Love is in the Bin” took place at Sotheby’s Contemporary Art evening sale in London on Thursday and became the artist’s record, topping the sale of “Game Changer” one year ago. That artwork, which depicted health care workers as superheroes, sold for £16.7 million ($23.1 million) to benefit UK hospitals.  —read more—  

Federal grand jury investigating Kansas City cop who allegedly ‘exploited and terrorized’ Black residents for decades | CNN US

CNN US | Federal grand jury investigating Kansas City cop who allegedly ‘exploited and terrorized’ Black residents for decades

(CNN) – Federal prosecutors in Kansas have launched a criminal grand jury investigation into a retired Kansas City police detective who is the subject of long-swirling allegations that he “exploited and terrorized” Black residents of the city’s north end for decades, CNN has learned.

Roger Golubski is accused of being “a dirty cop who used the power of his badge to exploit vulnerable black women, including black women who worked as prostitutes,” according to a 2019 civil complaint filed by a man exonerated of double murder charges investigated by Golubski. The veteran detective, who retired from the Kansas City, Kansas, police department in 2010 at the rank of captain, was also accused of being on the payroll of a local drug kingpin and of framing people for crimes they did not commit.  —read more— 

Stocks soar as America’s biggest banks are booming | CNN BUSINESS

CNN BUSINESS | Stocks soar as America’s biggest banks are booming

New York (CNN Business) – Several of America’s largest financial firms reported strong earnings and revenue Thursday thanks to solid demand for loans, better credit quality and a boom in mergers and initial public offerings.

Morgan Stanley (MS), Citigroup (C), Bank of America (BAC) and even troubled Wells Fargo (WFC) posted healthy results that surpassed analysts’ expectations.

Shares of BofA were higher in early trading, while Morgan Stanley and Citi were flat. Wells Fargo’s stock fell.  —read more—  

Black Americans are incarcerated at nearly five times the rate of Whites, new report on state prisons finds | CNN politics

CNN politics | Black Americans are incarcerated at nearly five times the rate of Whites, new report on state prisons finds

(CNN) – Black Americans are incarcerated in state prisons at nearly five times the rate of White Americans, according to a new report by The Sentencing Project.e report found that one in 81 Black adults per 100,000 people in the United States is serving time in a state prison, using data and projections from recent years from the US Census, the US Bureau of Justice Statistics and information provided directly from some states.

“Truly meaningful reforms to the criminal justice system cannot be accomplished without acknowledgement of its racist underpinnings,” Ashley Nellis, a senior research analyst for The Sentencing Project, wrote in the report. “Immediate and focused attention on the causes and consequences of racial disparities is required in order to eliminate them.”  —read more— 

Social Security recipients get largest benefit increase in nearly 40 years | CNN politics

CNN politics | Social Security recipients get largest benefit increase in nearly 40 years

(CNN) – Social Security recipients will receive an annual cost of living adjustment of 5.9% next year, the largest increase since 1982, the Social Security Administration announced Wednesday.

The spike will boost retirees’ monthly payments by $92 to an estimated average of $1,657 for 2022.

“This would be the highest COLA that most beneficiaries living today have ever seen,” said Mary Johnson, Social Security and Medicare policy analyst for The Senior Citizens League.  —read more—  

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