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MONTCLAIR, New Jersey (AP) — On a sunny fall morning, children wearing helmets and backpacks gathered with their parents in Montclair, New Jersey, for a group bicycle ride to two local elementary schools. Volunteers in orange safety vests made sure everyone assembled in a neighborhood shopping area was ready before the riders set off on their 5-mile “bike bus” route.Every few blocks, more adults and kids on bikes joined in. Eventually, the group grew to over 350 people. Older students chatted with friends, while younger ones focused on pedaling. Cars along the way stopped to let the line of cyclists…
MUNICH (AP) — Germany’s famous river-surfing wave in Munich has mysteriously disappeared, leaving Bavarian surfers high and dry for the first time in decades.The Isar River’s man-made Eisbach (icy creek) wave has been drawing surfers to the landlocked city of Munich since 1972, when it was formed by concrete blocks that had been placed in the canal to control the strong current.SurferToday.com lauds the Eisbach as “the mother of all river waves” and says it can reach a height of 4 feet (1.22 meters). Surfers take turns jumping from each bank into the frigid water as spectators line a bridge…
Industrial outdoor storage in Elgin, Illinois.Courtesy of Alterra IOSA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.The rapid buildout of AI and quantum infrastructure is sparking a boom in an often overlooked commercial real estate sector. Industrial outdoor storage (IOS) is suddenly seeing significant demand and rent growth amid lean supply. IOS comprises all types of either paved…
Travelers looking to catch the next wave in both U.S. surfing meccas and popular international surfing destinations will find it easier to travel with their own surfboard thanks to a new surfboard policy instituted by Alaska Airlines and Hawaiian Airlines.Hailed as the most generous among premium U.S. airlines, the policy now allows guests flying on Alaska and Hawaiian to check multiple surfboards into a single bag measuring up to 10 feet, 5 inches from nose to tail, and weighing up to 50 pounds. Flights on regional E175 aircraft, however, can only take surfboard bags that don’t exceed 9 feet, 7…
Rivian has created its second spinoff company this year: an industrial AI and robotics venture called Mind Robotics. The new effort will be focused around using “industrial AI to reshape how physical world businesses operate and leverage Rivian operations data as the foundation for a robotics data flywheel,” according to the company’s third-quarter shareholder letter published Tuesday. That’s a mouthful of buzzwords, and Rivian declined to clarify beyond that explanation. On an investor call Tuesday, Rivian CEO RJ Scaringe said his company realized it had the chance to “develop products and robotic solutions that allow us to run and operate…
SALT LAKE CITY (AP) — A historian’s hunch about what might lie hidden within the walls of a Japanese church in Salt Lake City led congregants to uncover a century-old snapshot of a once vibrant Japantown now fighting for survival.Elders at the 101-year-old Japanese Church of Christ — one of two remaining buildings in the city’s Japantown — drilled through brick, concrete and rebar to extract a metal box from the building’s cornerstone. Its contents tell the stories of early Japanese immigrants to an area now overtaken by urban sprawl.Community members got their first look at the artifacts over the…
Shares of electric aviation startup Beta Technologies took flight Tuesday as the company made its debut on the New York Stock Exchange with an outsized raise of $1 billion and a stock price that closed up. The Vermont-based company priced shares in its IPO at $34, above its predicted range of $27 to $33. Beta Technologies sold 29.9 million shares to raise more $1 billion at a valuation of $7.4 billion. Once trading started, shares of Beta Technologies dipped before recovering and ultimately closing at $36. Beta Technologies’ public market debut is a capstone to founder and CEO Kyle Clark’s…
Shironosov | Istock | Getty ImagesA version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Investments in alternatives are expected to top $32 trillion by 2030, boosted in large part by growth from wealthy investors, according to a report from Preqin.Total assets under management in alternatives – including private equity, hedge funds, real estate, venture capital, infrastructure, natural resources and private credit – are forecast to increase by 60% over the…
After assessing the damage wrought by Hurricane Melissa to its eight Jamaican properties, Sandals and Beaches Resorts plan to reopen properties in Ocho Rios and Negril – Sandals Dunn’s River, Sandals Royal Plantation, Sandals Ocho Rios, Sandals Negril and Beaches Negril – on Dec. 6, 2025.The company’s three other Jamaican resorts, Sandals Montego Bay, Sandals Royal Caribbean and Sandals South Coast, which incurred more damage than the properties in Ocho Rios and Negril, are scheduled to reopen on May 30, 2026. “Jamaica is a large and diverse island, and each region has experienced the storm differently,” said Sandals Resorts International…
People Inc., one of the largest media publishers in the U.S., has signed an AI licensing deal with Microsoft. The media giant (formerly known as Dotdash Meredith) made the announcement Tuesday as a part of parent company IAC’s third-quarter earnings. Under the deal, People Inc. will become a launch partner in Microsoft’s publisher content marketplace. This is the company’s second AI deal following its earlier agreement with OpenAI last year. People Inc. CEO Neil Vogel described the new marketplace as “essentially a pay-per-use market where AI players directly can compensate publishers for use of their content on, sort of like…