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☆ Peloton's demise is another in a long line of failed fitness fads
▼ + stars: | 2024-05-15 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

Peloton isn't going under imminently, but let's be real here: No fitness fad lasts forever. While there was a lot that went wrong, the long and short of it is that Peloton failed to read the room on its pandemic popularity. "It's not that Peloton isn't a good business model; it's that it simply isn't a mass product but more of a niche, luxe one," she said. Investors have soured on the company, and Peloton's once $50 billion market cap has fallen to under $2 billion. It also has to contend with the gym, which has all sorts of classes and fitness equipment that let people mix things up, including, in many cases, Pelotons or other connected-fitness devices.

Persons: I've, Tae, monthslong, Rina Raphael, Simeon Siegel, It's, That's, Siegel, Paul Golding, it's, Golding, there's, Raphael, Natalia Mehlman Petrzela, Emily Stewart Organizations: Private, BMO Capital Markets, Macquarie Capital, Google, YouTube, New School, Facebook, Business Locations: COVID, unsubscribing, Barre, America

☆ Venezuela expands military buildup at Guyana border in ‘dangerous game,’ says report
▼ + stars: | 2024-05-14 | by ( Tara John | ) edition.cnn.com time to read: +4 min

CNN —Venezuela continues to build up military infrastructure and hardware close to the border with Guyana as President Nicolas Maduro and his supporters scale up their threats to annex an oil-rich piece of Guyanese land. Guyana had called the move a step towards annexation and an “existential” threat as the specter of armed conflict loomed over the region. Using satellite imagery and social media, CSIS found that the expansion of Anacoco Island’s military base has continued. Maduro could ‘fall victim to own rhetoric’The threats to Guyana have concerned its partners. “Thus, one of the most concerning possibilities is that Maduro will fall victim to his own rhetoric.

Persons: Nicolas Maduro, “, ” Ryan Berg Organizations: CNN, Strategic, International Studies, Venezuelan, US Navy, Americas, CSIS Locations: Venezuela, Guyana, Washington, Venezuelan, Essequibo, Punta Barima, arm’s, Essequibo ”, Guyanese, Georgetown, Idaho

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Amazon, Tesla, Seagate, Boston Beer, Planet Fitness & more
▼ + stars: | 2024-05-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates Nvidia as overweight Wells increased its price target on Nvidia to $1,150 per share from $970. Jefferies upgrades Boston Beer to buy from hold Jefferies said in its upgrade of the beverage company that it sees "multiple expansion." Bank of America reiterates Apple as buy Bank of America said it's sticking with its buy rating on shares of Apple. JPMorgan upgrades Planet Fitness to overweight from neutral JPMorgan said in its has increased confidence in Planet Fitness' growth. JPMorgan upgrades Vtex to overweight from neutral JPMorgan said it sees an attractive entry point for the software-as-a-service company.

Persons: Tesla, Goldman Sachs, Goldman, it's, Wells, ests, Jefferies, Beer, Roth, Morgan Stanley, GXO's, Baird, Oppenheimer, Edwards Organizations: Barclays, Oncology, Fulcrum Therapeutics, ISI, Nvidia, Jefferies, Boston Beer, GXO Logistics, Bank of America, Apple, HSBC, Citi, Weatherford, Energy, JPMorgan, LT, Fortrea Holdings, Edison International, RBC, North, Deutsche Bank, Amazon, Deutsche, Western Digital, Seagate Locations: China, North America

☆ What Biden’s tariffs on Chinese imports may mean for American jobs, the economy and inflation
▼ + stars: | 2024-05-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Biden’s tariff plan likely won’t move the needle for monetary policy, said Ryan Sweet, chief US economist at Oxford Economics. “Consumers and producers often pay higher prices when tariffs are implemented.”That’s because tariffs tax imports when they come ashore, adding costs for US distributors, retailers and, ultimately, consumers. Worse, some businesses appeared to take advantage of the trade war by bumping up prices even higher. Container shipping imports from China to Mexico rocketed higher by 60% in January and 34% for the first quarter, Xeneta data shows. “It’s obvious that imports to this extent are not only for domestic purposes in Mexico,” he said.

Persons: Biden, Joe Brusuelas, Donald Trump’s, Trump, —, Ryan Sweet, ” Sweet, Sweet, George W, Bush, Barack Obama, Goldman Sachs, ”, Wells, Nicole Cervi, “ There’s, ” Cervi, Peter Sand, “, Sand, “ It’s Organizations: CNN, RSM US, stoke, Oxford Economics, Biden, Peterson Institute for International Economics, Trump, Federal, “, US International Trade Commission, New, New York Fed, National Bureau of Economic Research, Republican, ramped, Container Locations: China, New York, “, South Korea, Singapore, Taiwan, Vietnam, Wells, Mexico

☆ Microsoft and Amazon to invest $5.6 billion into France as Macron courts tech giants
▼ + stars: | 2024-05-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Microsoft said in a statement Monday that it's committing 4 billion euros ($4.3 billion) toward expanding its cloud and AI infrastructure in France, in addition to funding AI skilling and support for France's technology industry. The announcement was made during the "Choose France" summit, a gathering dedicated to encouraging foreign investment in France. Amazon, meanwhile, made a commitment of its own to invest 1.2 billion euros in France. Collectively, the commitments from Microsoft and Amazon to France amount to $5.6 billion of funding. In total, France reportedly bagged a record 15 billion euros of investment commitments from foreign companies at an annual "Choose France" summit on Monday.

Persons: it's, ”, Brad Smith, “, —, Frederic Duval, Duval, Emmanuel Macron, Macron, Redmond Organizations: Microsoft, Amazon, Facebook, FAIR, Mistral Locations: Athens, Greece, France, French, Mulhouse, Amazon's, Paris, Washington, Mistral

☆ An American soldier went missing in the Korean War. How his late mother’s faith he’d come home has finally been realized
▼ + stars: | 2024-05-11 | by ( Kaila Nichols | Brammhi Balarajan | ) edition.cnn.com time to read: +6 min

With limited logistics and no hope of reinforcement, 30,000 UN soldiers faced over 120,000 Chinese troops in a battle considered one of the most brutal of the Korean War. A lack of proof and a mother’s faithSoon after the war, the opposing nations embarked on Operation Glory, a 1954 exchange of thousands of sets of remains of Korean War dead. Spruell’s name also was recorded, it said, at the cemetery’s Courts of the Missing, where the names of 8,210 Americans lost in the Korean War were listed when it was dedicated in 1966. But the brother rarely spoke of the young man last seen halfway around the world near the Chosin Reservoir, said another one of his children, Dennis Spruell. More recently, it called Dennis Spruell with the news.

Persons: Cpl, John Albert Spruell, 7th Infantry Division –, Spruell, Spruell’s, Pauline Sleeper, ”, –, Dennis Spruell, ” Dennis Spruell, “, Sleeper, Dennis ’, Donna Lee Bailey, John Spruell, John A, Bailey, “ he’s, Charles Haley, Spruell didn’t, Haley, James Bell, John Spruell’s, ” Bailey, son’s, “ They’re Organizations: CNN, UN, 57th Field Artillery Battalion, 7th Infantry Division, Army, Operation, 57th Field Artillery, US Defense Department’s Defense POW, Agency, Memorial, of, Defense POW, Punchbowl, Spruell Defense POW, Army Mortuary Locations: Cortez , Colorado, Hagaru, Colorado, Cortez, Korean, Honolulu, cemetery’s, Korea, Japan

☆ The US military isn't ready for the coming drone war
▼ + stars: | 2024-05-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +18 min

The Department of Defense is working on initiatives to face the drone threat, but the US military doesn't yet appear ready to confront this ever-evolving challenge, especially on the scale seen in Ukraine. AdvertisementA US military MQ-9 Reaper drone waits for take-off at Kandahar Air Base in Afghanistan on March 9, 2018. US military leaders have repeatedly stressed there's no silver bullet to defeat small drones in battle. Shellie HallStudents there spend several weeks learning how to identify, engage, and defeat small drones. The drone threat draws certain parallels to fighting in Iraq and Afghanistan, where hidden bombs posed a tremendous threat.

Persons: GENYA SAVILOV, Mick Ryan, hasn't, you've, Franz J, Marty, Samuel Bendett, Paul Scharre, that's, Mike Parent, Mark Schauer, Parent, Paul Butcher, Cpl, Doug Bush, Amber Osei, Moseph Sauda, doesn't, Sauda, America's, Bram Janssen, Scharre, Justin Bronk, Jack Watling, Ryan Organizations: Business, Troops, of Defense, Department of Defense, Getty, Australian Army, Islamic State, Kandahar Air Base, Defense Ministry, Karabakh . Defense Ministry, Azerbaijan, AP, Pentagon, US Army, Aircraft Systems, Solutions, 71st Jaeger Brigade, US Army Yuma, Technology, Army, sUAS University, US Marine Corps, Force, Central Command, Shellie, National Training Center, US Army Air Defense Artillery, Center, New, New American Security, Base, London's Royal United Services Institute Locations: Russian, Ukrainian, Ukraine, prowling, Jordan, Chasiv Yar, Donetsk, AFP, Afghanistan, Armenia, Azerbaijan, Russia, Nagorno, Karabakh, Avdiivka, Yuma, East, Oklahoma's Fort Sill, California, Fort Sill, China, Luhansk Region, Europe, Iran, New American, Iraq, Washington, Bagram, Kabul, Australian

☆ As a mom, I think gift cards are terrible gifts. I never have the time to book an appointment.
▼ + stars: | 2024-05-11 | by ( Jenn Morson | ) www.businessinsider.com time to read: +4 min

It's still sitting unused in a drawer, with other gift cards that I haven't touched. "Oh, I will," I responded, thinking of the other massage gift certificate from my birthday that was still tucked in my desk drawer, gathering dust. The massage gift card from last year sits on my dresser in a pile of other plastic cards that were cluttering my purse. Well-meaning gift-givers bestow us with restaurant cards, manicure gift cards, and even more grandiose gestures such as weekend getaways. For all gift-givers looking to show their mother how much they love them with such a gift, think of it like an all-inclusive resort.

Persons: It's, —, she's Organizations: Service

☆ When Travel Plans Go Awry
▼ + stars: | 2024-05-11 | by ( Melissa Kirsch | ) www.nytimes.com time to read: +2 min

The weekend trip is, in theory, the perfect break. Two nights someplace else, just a small duffel bag and limited logistics standing between you and a reset. You might take a weekend trip for vacation or work or to see family, but the effect is the same. An old friend used to call these neither-here-nor-there realms the “zero world” for the way they feel unfastened from reality, parallel to daily life but separate. I was as cranky and impatient as the rest of my fellow travelers at each complication in our journeys, but also fascinated by the communities and customs and Cibo Express markets of the zero world.

Organizations: Cibo Express

☆ US F-16s could play a vital role in isolating Crimea and humiliating Putin, says defense analyst
▼ + stars: | 2024-05-11 | by ( Cameron Manley | ) www.businessinsider.com time to read: +6 min

US F-16s will have a big impact in helping Ukraine reclaim Crimea, an analyst told BI. AdvertisementThe delivery of US-made F-16s could play a crucial role in Ukraine's attempts to take back occupied Crimea, a defense expert told Business Insider. In the latest blow on Monday, Ukraine used an exploding naval drone to destroy a Russian military speedboat in Crimea. Explosion causes fire at the Kerch bridge in the Kerch Strait, Crimea on October 08, 2022. There are signs that these attacks are forcing Russia to rethink its use of the peninsula and the Kerch bridge.

Persons: —, Ukraine's, Frederik Mertens, Mertens, Putin, Vera Katkova, Molfar Organizations: Service, Hague, Strategic Studies, Kharkiv, US, The New York Times, Army Tactical Missile Systems, Sea, Russian Defense Ministry Press Service, AP, Fleet, Anadolu Agency, Getty Locations: Ukraine, Crimea, Denmark, Norway, Belgium, France, Romania, Kerch, Ukraine's, Russian, Russia, The, Sevastopol

☆ Elon Musk really wants you to think Tesla still has a Supercharger plan
▼ + stars: | 2024-05-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Despite firing Tesla's Supercharger team last week, the CEO committed to the network on Friday. "Tesla will spend well over $500m expanding our Supercharger network," Musk wrote on X. AdvertisementApparently, Elon Musk really is still game for Superchargers. "Just to reiterate: Tesla will spend well over $500m expanding our Supercharger network to create thousands of NEW chargers this year," Musk wrote. — Elon Musk (@elonmusk) May 10, 2024You may recall that just a week ago, Musk suddenly decided to fire nearly all the 500 employees on Telsa's Supercharger team.

Persons: Elon, Tesla, Musk, —, Elon Musk, That’s, — Elon, Ross Gerber, He'll Organizations: Service, Superchargers, Rivals, Ford, GM

☆ US hopes to maintain some forces in Niger as talks on withdrawal continue, officials say
▼ + stars: | 2024-05-10 | by ( Haley Britzky | Katie Bo Lillis | ) edition.cnn.com time to read: +5 min

Officials said a US delegation will travel to Niger over the weekend to discuss how it will be carried out. “Niger is pretty profound in the decision of the government there … to have us depart or at least go to very low numbers,” Maier said. Since the coup in July, airspace has been closed over Niger to foreign militaries who have all had to submit individual requests for airspace to conduct military flights, one US official told CNN. A US military official explained that the withdrawal will come in phases over a period of months. The footprint will continue to shrink in phases as equipment and personnel not deemed necessary are moved out of country.

Persons: “ We’ll, ” Chris Maier, ” Maier, Michael Langley, ”, — Organizations: CNN, Pentagon, US Africa Command, Russian Federation Locations: Niger, West African, “ Niger, Africa, Russia, United States, Chad, Russian, China, Israel

☆ Staying together for your kids, like Donna and Ed Kelce did, is good — if you do it right, a therapist says. Here's how.
▼ + stars: | 2024-05-09 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

Donna Kelce shared her reasons for delaying her divorce from Ed Kelce. Donna Kelce, mother of football players Jason and Travis Kelce, approached it a little differently. "But there are a lot of ways to have a marriage and a family," Morley said, that don't necessarily require romance or sex. AdvertisementFrom the way Donna and Ed Kelce talk about coming to their choice together, Morley said it shows "they did this with intentionality." Ed Kelce (top row, third from left), Donna Kelce, Jason Kelce, and Taylor Swift watching Travis Kelce play in the 2024 Super Bowl.

Persons: Donna Kelce, Ed Kelce, Jason, Travis Kelce, —, it's, Martha Stewart, Kelce, Stewart, Dr, Isabelle Morley, Morley, Jason Kelce, It's, Donna, they're, Taylor Swift, Tim Nwachukwu Organizations: Service, University of Cincinnati, Bowling Green State University's National, for Family Locations: Boston

☆ India elections: Asia’s most powerful billionaires Ambani, Adani are getting drawn in after Modi’s speech
▼ + stars: | 2024-05-09 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

New Delhi CNN —Two of the planet’s richest businessmen are becoming embroiled in India’s increasingly divisive election campaign. “Why has Shahzade Ji stopped talking of Ambani and Adani in this election all of sudden? “How much money have you taken from Ambani and Adani?” he said at the rally. Adani took over NDTV, an influential broadcaster, in 2022, while Ambani owns Network 18, which includes the CNN-News18 TV channel, a CNN affiliate. Billionaire RajIn the last decade, both Ambani and Adani have stunned the world with their success and influence.

Persons: Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi, ”, Gandhi, Modi ” Gandhi, “, Abhinandan Sekhri, Adani, Billionaire Raj, Cassanelli, Jeff Bezos, Hindenburg’s, ferociously Organizations: New, New Delhi CNN, Reliance Industries, Adani, Indian National Congress, Reliance, CNN, India’s, Bank of India, NDTV, Billionaire, Bloomberg, Hindenburg Locations: New Delhi, India, Asia, American

The pier and causeway, known as Joint Logistics Over the Shore or JLOTS, will ultimately be used by the US, its allies and aid groups to get aid into Gaza by sea from Cyprus. A defense official confirmed to CNN that the limitations on the pier system are accurate. Another potentially complicating factor is how Israel decides to proceed with its operation in Rafah, in southern Gaza, US officials said. The Israel Defense Forces have agreed to provide a wide security perimeter around the pier system and the aid operation. But the plan is for the IDF to remain at a relative distance as the aid is transported and offloaded onto the beach in Gaza, officials told CNN.

Persons: CNN —, JLOTS, Israel, ”, Roy P, Biden, Pat Ryder Organizations: CNN, American Navy, US, Naval, Israel’s Marine Data Center, Pentagon, UN, World, British, American, Armed Forces, Israel Defense Forces, IDF Locations: Gaza, Cyprus, Port, Ashdod, Rafah, “

☆ Jason and Travis Kelce's parents agreed to postpone their divorce until after their sons finished college
▼ + stars: | 2024-05-09 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Donna Kelce says she and her ex-husband Ed decided to stay married until their sons finished college. Both parents still regularly attend their sons' NFL games, sometimes with Taylor Swift. AdvertisementDonna Kelce, 71, says she and ex-husband Ed decided to divorce only after their sons Jason and Travis Kelce graduated from college. AdvertisementThe Kelce family lived in Cleveland Heights, Ohio, and both Jason and Travis went on to study and play football at the University of Cincinnati. Even though they have been separated for some time, both parents still regularly attend their sons' NFL games.

Persons: Donna Kelce, Ed, Kelce, Martha Stewart, Taylor Swift, —, Jason, Travis Kelce, Travis, Sofía Vergara, Joe Manganiello, Kevin Costner, Christine Baumgartner, Reese Witherspoon, Jim Toth, Gwyneth Paltrow, Alex Kapp Organizations: NFL, Service, University of Cincinnati, Philadelphia Eagles, Kansas City Chiefs, Bowling Green State University's National, for Family Locations: Cleveland Heights , Ohio

☆ Ukraine Strikes More Russian Oil Facilities in a Bid to Disrupt Military Logistics
▼ + stars: | 2024-05-09 | by ( Constant Méheut | ) www.nytimes.com time to read: +1 min

Radiy Khabirov, the head of Russia’s Bashkiria region, near Kazakhstan, said a drone hit the Neftekhim Salavat oil refinery, one of the country’s largest, around midday on Thursday, sending plumes of smoke into the sky. The facility is more than 700 miles from the Ukrainian border, in a sign that Ukraine is increasingly capable of striking further into Russia. An official from Ukraine’s special services, speaking on condition of anonymity to discuss sensitive military matters, said Ukraine was behind the assault. The official said Ukraine was also responsible for two other drone strikes overnight that hit oil depots in Russia’s Krasnodar region, southeast of Ukraine. Military analysts say they are an attempt by Ukraine to disrupt the Russian military’s logistical routes and combat operations by targeting the facilities that supply fuel for its tanks, ships and planes.

Persons: Radiy Khabirov Organizations: Military Locations: Russia, Kyiv, Bashkiria, Kazakhstan, Ukrainian, Ukraine, Russia’s Krasnodar

☆ Stocks making the biggest moves midday: Planet Fitness, AMC, Airbnb, Roblox and more
▼ + stars: | 2024-05-09 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Airbnb said revenue in its second quarter total $2.68 billion to $2.74 billion, while analysts were expecting $2.74 billion, according to LSEG. AppLovin — The mobile technology company soared 19% on the heels of better-than-expected first quarter earnings . Warby lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Cheesecake Factory — Shares rallied nearly 9% after the chain's first quarter earnings beat estimates.

Persons: FactSet, Forthe, Klaviyo, Airbnb, AppLovin, AMC's financials, Duolingo, —, Warby Parker, Warby, Kate Spade, Roblox, That's, Raymond James, Ancora, Alan Shaw, Equinix, amortization, Charles Meyers, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox, Scott Schnipper Organizations: LSEG, LSEG . Revenue, AMC Entertainment, Revenue, FactSet . Revenue, FactSet, Leadership, JPMorgan, Norfolk Southern, postmarket Locations: The Virginia

☆ Port of Virginia is making big changes to become No. 1 on the East Coast for super-sized ocean containerships
▼ + stars: | 2024-05-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The dredging project is expected to be completed in Fall 2025, making the Port of Virginia the deepest and widest harbor on the East Coast. "Ultra-large container vessels have challenged every port," said Stephen Edwards, CEO of the Port of Virginia. Edwards said the port was able to quickly absorb Baltimore freight because of the ocean carrier service overlap in calling on the Port of Virginia, Baltimore and Port of New York/New Jersey. In January, the port became the first East Coast port to power all its terminals with 100% clean energy, eight years ahead of the 2032 target it set for that goal. The expansion will increase the fleet at NIT to 152 electric stacking cranes, seven electric rail cranes, and 31 electric ship-to-shore cranes.

Persons: Lori Ann LaRocco, Stephen Edwards, " Edwards, Edwards, It's, Good Hope, D'Andrae Larry, Larry, Jones, monopiles, Monopiles Organizations: NIT, CNBC, U.S ., Commonwealth, Walmart, Maersk, Port, Baltimore, Rail, Norfolk International, Uber, Virginia Department of Transportation, Dominion Energy, Rappahannock Electric Cooperative, ClearView Energy Partners, of Ocean Energy, U.S, District of Columbia, Dominion Locations: Port of Virginia, Port, Virginia, U.S . East Coast, Norfolk, Coast, of Virginia, East Coast, U.S, Delaware, South, Southeast Asia, Northeast Asia, India, Red, Suez, Good, Baltimore, Port of Baltimore, Port of New York, New Jersey, of Virginia's, Commonwealth, Norfolk , Virginia, East, Virginia Beach

☆ Shopify warns on margins and posts big quarterly loss, sending shares plunging premarket
▼ + stars: | 2024-05-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Shopify stunned investors after reporting a surprise loss for the first three months of the year. The e-commerce platform posted a $273 million loss for the first quarter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementShopify shares plunged almost 20% in premarket trading after the e-commerce giant sunk into the red for the first three months of the year.

Persons: Shopify, —, Harvey Finkelstein Organizations: Service, Shopify

☆ Shopify says AI has helped keep its head count flat
▼ + stars: | 2024-05-08 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Shopify executives said during the company's first-quarter earnings call on Wednesday that its head count has stayed flat for the past three quarters and that using AI has been a major contributing factor. Shopify has been touting its "new shape" since it sold its logistics business and laid off 20% of its workforce in May 2023. This story is available exclusively to Business Insider subscribers. It's also found efficiencies by using AI throughout the company. Internal AI tools have also allowed Shopify to offer multilingual support 24/7, whereas it was previously offered only during set working hours.

Persons: Shopify, We've, Harley Finkelstein, It's, Jeff Hoffmeister, Hoffmeister, crafters, —, Charlie Miner Organizations: SEC, Business, Shopify's Locations: mstone@businessinsider.com

☆ Photos show what cave divers discovered when they swam inside an iceberg the size of Jamaica. Today, it's gone.
▼ + stars: | 2024-05-08 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

Her trip inside B-15 marked the first time anyone ever dove beneath an iceberg. Professional diver Jill Heinerth has been exploring Earth's oceans for 35 years. Once inside, Heinerth described it as "this dynamic environment that's beautiful. During their second dive inside B15, they got caught in a powerful current sucking them deeper inside the iceberg. AdvertisementSince Heinerth's dive, iceberg B15 has almost entirely melted away.

Persons: Jill Heinerth, She's, it's, Heinerth, Jill, gobsmacked, www.IntoThePlanet.com Organizations: Service, Business, Disney, WBUR, NASA Locations: Jamaica, Antarctica, B15

☆ Shopify shares plunge 18% on weak guidance
▼ + stars: | 2024-05-08 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany. Shopify reported first-quarter earnings and sales on Wednesday that were ahead of Wall Street expectations, but it gave a downbeat forecast for the current quarter. Shopify said it expects second-quarter revenue to grow at a high-teens percentage rate year-over-year, a slowdown from the previous period. The company has posted year-over-year revenue growth in the low-to-mid twenties for the past six quarters. Second-quarter revenue would grow in the "low-to-mid-twenties" year-over-year when adjusting for the divestiture of the logistics business, Shopify said.

Persons: Shopify Organizations: Shopify Commerce, Shopify Commerce Germany GmbH Locations: Shopify Commerce Germany, Berlin, Germany

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ Israel could win Eurovision. That would cause major headaches for the song contest’s organizers
▼ + stars: | 2024-05-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +13 min

But this year, “the presence of Israel has become such a big issue (that) I think it’s going to overshadow the event,” he said. And they are leading perhaps the tensest three minutes in the contest’s history, when Israel’s competitor, Eden Golan, performs live. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: Eden Golan, Benjamin Netanyahu, Golan, ”, Jessica Gow, ” Paul Jordan, Weeks, Johan Nilsson, Israel, Noel Curran, KAN, Bambie Thug, Patricia J, Garcinuno, ” Curran, “, Fredrik Persson, –, ” Jordan, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, Getty, TT, Agency, Reuters, Israel, RAI, United, AFP, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Malmo, Israel, Gaza, Israel's, AFP, Ukraine, United Kingdom, Azerbaijan, Russia, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

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