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  • U.S.
    Deadline

    NASCAR Driver Bubba Wallace Speaks Out About Investigation, Rope Found In Garage: “It’s A Straight-Up Noose”

    NASCAR driver Bubba Wallace said in an interview with CNN's Don Lemon Tuesday night that he had never seen the noose alleged to have been hung in his garage, but his crew had photos. While the FBI concluded earlier in the day that the alleged noose was simply a door pull tied by a previous […]

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  • Entertainment
    TVLine.com

    Brooklyn Nine-Nine to Scrap All Episodes Written for Season 8, Terry Crews Says: 'We Have to Start Over'

    Brooklyn Nine-Nine is going back to the drawing board in light of the recent nationwide protests against police violence. The NBC cop comedy is already set to return for an eighth season, but cast member Terry Crews told Access Daily that the writers are scrapping all the episodes they've written for next season and starting […]

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  • Celebrity
    Good Morning America

    I'm a Black mother who adopted a white baby. Here's why I carry his adoption papers

    Keia Jones-Baldwin and her husband Richardro adopted Princeton, 2, on Aug. 29, 2019. Princeton is the youngest brother of Zariyah, 16 -- Keia Jones-Baldwin's daughter from a previous relationship and two other adopted siblings, Karleigh, 16 and Ayden, 9. Recently, Jones-Baldwin said, negative comments and stares in public have heightened regarding her mothering a white toddler.

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  • Business
    Bloomberg

    Carnival Becomes Latest Fallen Angel While Covid Halts Cruises

    (Bloomberg) -- Carnival Corp. is the latest cruise line to lose its investment-grade credit ratings after S&P Global Ratings downgraded the company Tuesday.S&P slashed the company’s long-term rating by three levels to BB-, from BBB-, saying the cruise line’s credit metrics are likely “to remain very weak through at least 2021” as it begins to slowly resume its operations. The cut from S&P hands the company a second high-yield credit rating, meaning its debt will leave investment-grade credit indexes.Moody’s Investors Service cut the company to junk in May. In a statement Tuesday, it downgraded Carnival’s unsecured credit ratings by one notch to Ba2, the second-highest junk rank. It also rated Carnival’s planned term loan Baa3, the lowest investment-grade rating. S&P graded the new loan BB+, or one step lower.Carnival’s recovery will be much slower in 2021 due to the fact the cruise line plans to return to normal operations in phases, S&P said. Additionally, the credit rater also expects it will take several months for Carnival to return all its ships to service as the virus deters previous demand.“There remains a high level of uncertainty around when and how the company will resume its service and its ultimate recovery path,” analysts Ariel Silverberg and Melissa Long wrote in a report Tuesday.On Friday, industry group Cruise Lines International Association said it would further suspend voyages from U.S. ports until Sept. 15, meaning the world’s biggest cruise lines will now be going at least six months without American customers.Last month, Carnival had teased a return to the seas as soon as Aug. 1. But in the past several weeks, many parts of the U.S. have seen an uptick in Covid-19 cases, including Florida, home to the world’s largest cruise port. Carnival Cruise Line, Carnival’s namesake brand, recently said its North American operations will remain paused through Sept. 30.Miami-based Carnival is now marketing around $1.5 billion of loans in European and U.S. credit markets as it seeks to shore up its liquidity while the coronavirus pandemic halts cruises. The latest round of financing follows a $4 billion bond sale in April.The company had about $9.7 billion of long-term debt as of Feb. 29, according to a regulatory filing.Carnival’s shares dropped about 2% after the close of regular trading in New York.(Updates with S&P comment, additional details from fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • U.S.
    MarketWatch

    Texas hits 5,000 new coronavirus cases for first time, governor urges people to stay home

    Rapidly worsening coronavirus numbers in Texas reached bleak new milestones Tuesday as the state surpassed 5,000 new cases in a single day for the first time and hospitalizations again hit record numbers, leading the largest pediatric hospital in the U.S. to begin treating adult patients in Houston. Republican Gov. Greg Abbott stressed that the public “comprehend the magnitude of the challenge” ahead and, in a first since Texas lifted lockdown orders in May, empowered cities and counties to immediately put tighter restrictions on large gatherings. The move reflected a more urgent tone Abbott is now taking after previously asserting that Texas' rising numbers raised concerns, but not alarms.

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