CNN BUSINESS | The CEO who fired 900 people over Zoom is accused of misleading investors

New York (CNN Business) – Vishal Garg, the Better.com CEO who fired 900 employees over Zoom just before Christmas, has been sued by a former executive for allegedly misleading investors.

The SoftBank-backed online mortgage company agreed to a $7.7 billion merger with a blank-check firm to take the company public just over a year ago, but the so-called SPAC deal has yet to close. Since then, Garg’s public controversy — and surging mortgage rates — have hurt the company’s image and business.

Sarah Pierce, a former executive vice president for sales and operations at the company, claimed in a lawsuit that Garg misrepresented Better.com’s statements to ensure the SPAC merger moved forward.  –read more–  

CNN travel | CDC’s travel advisory on monkeypox: ‘Practice enhanced precautions’

(CNN) — The US Centers for Disease Control and Prevention has an “Alert — Level 2” advisory for travelers to “practice enhanced precautions” because of the spread of monkeypox, a rare disease that’s a cousin of smallpox.

On its advisory, the CDC said that the “risk to the general public is low, but you should seek medical care immediately if you develop new, unexplained skin rash (lesions on any part of the body), with or without fever and chills.”

The CDC has three types of levels it might issue as cases have been reported in dozens of destinations. The levels are:

• Watch — Level 1: Practice usual precautions
• Alert — Level 2: Practice enhanced precautions
• Warning — Level 3: Avoid nonessential travel

On its website, the CDC has not applied levels to specific destinations, as it does with Covid-19.  –read more– 

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B/R | Rafael Nadal Beats Casper Ruud to Win French Open Title for 14th Time

The King of Clay has done it again.

Rafael Nadal earned his 14th career French Open title with a 6-3, 6-3, 6-0 win Sunday over Casper Ruud in the men’s singles final.  -–read more-–

CNN BUSINESS | Mercedes just sold the world’s most expensive car for $142 million

(CNN) – Mercedes-Benz confirmed on Thursday that it recently sold the world’s most expensive car. A very rare 1955 Mercedes-Benz SLR coupe that had been kept in the German automaker’s collection was sold to a private owner for €135 million, the equivalent of $142 million. That price makes it the most expensive car known to ever have been sold, according to Hagerty, a company that tracks collector car values.

Money from the sale will be used to establish the Mercedes-Benz Fund, a global scholarship fund, Mercedes said in an announcement.

The previous record sale price for a car was reportedly $70 million paid in 2018 for a 1963 Ferrari 250 GTO.  –read more–  

CNN BUSINESS | Brace yourselves for an economic ‘hurricane,’ Jamie Dimon says

New York (CNN Business) – Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic “hurricane” caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.

“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this,” Dimon said at a Bernstein conference. “That hurricane is right out there down the road coming our way.”  –read more– 

CNN travel | Where to go this summer: 11 top destinations

(CNN) — It’s looking like this summer will be a travel season to remember, especially following the Covid-stricken summers of 2020 and 2021.

“Not only are we seeing exponential travel enthusiasm, we are also anticipating some amazing new summer experiences, events and offerings,” said Carole-Anne Hughs Wood, director of marketing for Embark Beyond, a New York-based luxury travel agency.

New York, Disney World and the United Kingdom, which is celebrating Queen Elizabeth II’s Platinum Jubilee, all have great things going on.

“The excitement this summer to get out and experience the world, both near and far from home, certainly feels unprecedented,” she added.  –read more–  

F1 | Perez wins a captivating wet-dry Monaco Grand Prix as Leclerc falls from pole to P4

Red Bull’s Sergio Perez won his first race of 2022 by 1.1 seconds after a nailbiting end to the Monaco Grand Prix, with Carlos Sainz and Max Verstappen unable to make it past the Mexican – and Charles Leclerc losing out after dropping from pole to P4.

Rain saw the start delayed and, at 1518 local time, drivers completed one lap, heading back to the pits as a red flag was called. Gazebos unfurled and teams waited until 1605 for a rolling race start behind the Safety Car on wet tyres. The Safety Car pulled in for Lap 3 of 77 and Leclerc led away with Sainz, Perez and Verstappen in tow.  –read more– 

watch: Race Highlights | 2022 Monaco Grand Prix

F1 | Leclerc takes majestic pole on home turf in Monaco as bizarre Sainz-Perez crash brings early end to qualifying

Charles Leclerc put in a dominant display at home to take pole position for the 2022 Monaco Grand Prix, his sensational lap keeping team mate Carlos Sainz at bay by 0.225s on Saturday – a red flag stopping proceedings early…

This all-important qualifying session, given how essential a front-row start is at Monaco, saw Leclerc top Q1, Q2 and Q3 on the way to take Ferrari’s 12th pole position in the Principality with a sensational time of 1m 11.376s.  –read more–  

watch: Qualifying Highlights | 2022 Monaco Grand Prix

F1 | What tyres will the teams and drivers have for the 2022 Monaco Grand Prix?

Pirelli have brought the softest compounds in their range to the 2022 Monaco Grand Prix.

Like Barcelona, Monaco is well known to the teams and Pirelli believe that because of the slippery asphalt, and slow-speed sections of the circuit, there will be minimal tyre wear and degradation.  –read more–