Farmingdale bus crash: ‘They were crying … asking for their parents’: Trooper describes horror after bus falls down a ravine, killing 2 and injuring at least 18

Middletown, New York CNN  —  Students and first responders alike are traumatized by the catastrophic bus crash that claimed the lives of two longtime teachers after the bus veered off an interstate and tumbled down a ravine. “The scene was horrendous,” said New York State Police Trooper Jason Lewis, one of the first responders to …

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Government shutdown would leave the Fed flying blind

Washington, DC CNN  —  In the event of a US government shutdown, the Bureau of Labor Statistics says it will stop releasing data, including key figures on inflation and unemployment. A lack of crucial government data would make it difficult for investors and the Federal Reserve to interpret the US economy. For now, the economy’s …

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Autoworkers strike: What to watch for as the clock ticks down

Detroit CNN  —  Time is running out to avert a strike that could shut down America’s unionized auto assembly plants and other manufacturing facilities. The United Auto Workers contracts expire at 11:59pm Thursday. The contracts cover 145,000 UAW members at the three companies: General Motors, Ford and Stellantis, which builds vehicles under the Jeep, Ram, …

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Biden walks a fine line as possible UAW strike looms

CNN  —  President Joe Biden is trying to walk a fine line as the clock ticks toward a looming deadline for a possible UAW strike of the Big Three automakers, finding it more complicated than other labor negotiations that have threatened his economic story. Negotiators remain far apart in the final hours before the deadline. …

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Joe Burrow: Cincinnati Bengals quarterback gets NFL record per-year salary, reports say

CNN  —  Cincinnati Bengals quarterback Joe Burrow will have the NFL’s highest-ever salary by yearly average after agreeing to a five-year, $275 million extension with the team, according to multiple reports Thursday. ESPN’s Adam Schefter was the first to report the news, citing unnamed sources. The extension pays the 26-year-old $55 million per year and …

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Evergrande’s bankruptcy may be just the beginning of China’s real estate crisis

New York CNN  —  Evergrande’s US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned China’s spectacular growth over the past 30 years.  For decades, Evergrande, once one of China’s most successful real estate developers, gobbled up debt as China’s economy exploded. Demand for housing was so strong, homebuilders often pre-sold apartment …

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Land O’Lakes CEO Beth Ford, from the cornfield to the C-suite

Beth Ford’s first job paid $2 an hour. Early in the morning, she climbed on the school bus to go detassel corn, joining other kids in Sioux City, Iowa, who did it as a summer job. “Back then, two dollars an hour, that was real money,” Ford tells CNN’s Poppy Harlow in the latest episode …

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Volkswagen dumps jailed Audi CEO amid emissions probe

London CNN  —  Volkswagen has severed ties with suspended Audi CEO Rupert Stadler, who has been jailed since June in connection with an emissions investigation. Stadler has left the board of management of Audi parent company Volkswagen (VLKAF) and stepped down as chairman of the premium brand’s management board, the autos group said in a …

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