By GLENN GAMBOA AP Business Writer NEW YORK (AP) — The King’s Trust celebrated its new name, an update of King Charles III’s long-running charity The Prince’s Trust, and the expansion of its work in the United States with a star-studded gala in New York City on Thursday night. “Ladies and gentlemen, the trust will continue to help young people around the world to build those key skills to support them into employment,” Charles said in a statement read to the audience, offering his regrets for being unable to attend the event, which was the first organized under the charity’s new name. “Togethe ..read more

By Sandi Sidhu and Chris Lau, CNN (CNN) — Concerns are growing for a trio of missing tourists, including a US citizen, as Mexican authorities question three people in connection with their disappearance. A vehicle, tents, and a cell phone were found during an ongoing search in the area where the men were last seen, according to Mexican authorities. American Jack Carter Rhoad and Australian brothers Jake and Callum Robinson were reported missing on April 29, according to the Baja California’s prosecutors’ office. The three friends are believed to have been on a surfing ..read more

Happy Friday! We start out the morning with low clouds and fog. A very dense marine layer clings to the coasts first the first half of the day before receding back to the oceans and clearing by the evening. Sunny skies and temperatures warm into the 60s and 70s, with a splattering of 80s. Saturday will be gloomy and cooler. Low pressure moves inland up in the Pacific northwest, bringing cooler temperatures and cloudy skies. We have the chance for shower development, but likely only for northern counties. Some data shows upwards of a quarter of an inch of rain, but since the system is rather d ..read more

By Leah Dolan, CNN (CNN) — On Tuesday, 12-time Latin Grammy winner Rosalía stepped out in New York wearing an outfit that demanded a double-take. The Spanish pop star wore a dainty white lace prairie dress and a pair of heel-less Rick Owens Cantilever boots, but the main event was shrugged over her shoulders. Her cream-colored canvas coat was punctuated by a series of black buckles and belts. Was it another vintage biker jacket? (Since the release of her third album, “Motomami,” Rosalía has been spotted in everything from biker-style shield sunglasses to Harley Davidson helmets). But upon furt ..read more

Analysis by Krystal Hur, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Dining out these days might seem like a luxury for Americans pinched by inflation. For some restaurants, it feels like a battle to get them to spend. Starbucks reported a 3% decline in same-store sales during its latest quarter, marking its first decline since 2020 and a sharp contrast to a 12% gain the prior year. Same-store sales tumbl ..read more

By Michael Rios, Stefano Pozzebon and Lianne Kolirin, CNN (CNN) — At least 29 people have been killed and a further 60 are missing as heavy rain and flooding hit the Brazilian state of Rio Grande do Sul this week. The local government has declared a state of calamity in areas where more than 67,000 people in nearly 150 municipalities are impacted. Almost 10,000 have been displaced and more than 4,500 are in temporary shelters, the civil defense said. Authorities are closely monitoring dams that are not designed to handle such a high volume of water but said there is no imminent risk of failure ..read more

Ángela Reyes Haczek (CNN) — La última vez que Mona Awda Talla vio a su hija Shahed con vida, salía de casa para ir a comprarle un pastel, con unos pantalones rosas. La niña de 10 años se detuvo a jugar al futbolito con sus amigos junto a la pastelería del campo de refugiados de Al-Maghazi, en Gaza. Momentos después, estaba muerta. Desconsolada y sollozando, Awda Talla dijo que todavía no puede creer que su única hija nunca volverá a casa. Un video que muestra las secuelas del ataque que mató a Shahed la captó tendida en el suelo junto a sus amigos, y en él es imposible pasar por alto su pantal ..read more

By Catherine Nicholls, CNN London (CNN) — The beloved British sitcom “Gavin and Stacey” will be returning for its final episode this Christmas, James Corden, who co-writes and stars in the show, announced on Friday. “Some news… It’s official!!! We have finished writing the last ever episode of Gavin and Stacey,” Corden posted to Instagram, signing the announcement with his co-writer Ruth Jones. “See you on Christmas Day, BBC One. Love Ruth and James.” Joanna Page, who plays the show’s titular Stacey Shipman, also posted the news to Instagram, writing “O my god it’s happening!!! (sic) So excite ..read more

Analysis by Brian Lowry, CNN (CNN) — The teeth-gnashing aspects of “Star Wars: The Phantom Menace” have been chewed upon for a quarter century, from Watto to Anakin Skywalker’s Midi-chlorian count (and miracle birth) to almost everyone’s favorite punching bag, Jar Jar Binks. Yet as the movie that kicked off George Lucas’ prequel trilogy hits theaters to commemorate its 25th anniversary for the de facto “Star Wars” holiday May the Fourth, let’s accentuate the positive by identifying a half-dozen things the film, and the franchise’s patriarch, got decidedly right. Each of these elements have ech ..read more

By Alexandra Banner, CNN (CNN) — The IRS announced it is ramping up audits of wealthy taxpayers by 50%. Thousands of new employees will be hired to help with the endeavor, while improved AI systems will assist in selecting which millionaires and businesses to audit. Here’s what else you need to know to Get Up to Speed and On with Your Day. 1. Campus protests President Joe Biden made his first extensive remarks on the wave of unrest at colleges Thursday, drawing a line between what he called peaceful and violent protests while reiterating his support for Israel and dismissing the calls for ..read more