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☆ This fund that lets retail traders invest in SpaceX and OpenAI is trading at a massive premium
▼ + stars: | 2024-04-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

DXYZ 1M mountain The Destiny Tech 100 fund has seen big swings and is trading well above its net asset value. "It's common for them to not trade exactly at their NAV, but trading at a premium is very strange. Robinhood confusion The popularity of the new fund appears to have caused some confusion on retail brokerage app Robinhood . According to Prasad, the Destiny fund was previously available for trading on brokerage Robinhood, but they started seeing complaints last week that things had changed. "Our focus is not on the premium," but in building out the fund, Prasad said.

Persons: Jack Shannon, Shannon, Chelsea Childs, Sohail Prasad, Prasad, Robinhood, Chelsea, Destiny Organizations: SpaceX, New York Stock Exchange, Tech, Morningstar, Gray, CNBC, Trust

☆ LeBron James headlines Team USA’s 2024 Paris Olympics men’s basketball squad
▼ + stars: | 2024-04-17 | by ( Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —USA Basketball unveiled the player roster Wednesday for the men’s team that will compete in the 2024 Paris Olympics. The team will be anchored by Los Angeles Lakers forward LeBron James, making his fourth appearance after skipping the past two Olympics. This will be the 36-year-old Curry’s first Olympic Games, making him the fifth player to represent the Warriors at an Olympics with Team USA. The US team will hold a training camp and exhibition games in Las Vegas in July, before traveling to Paris. The Opening Ceremony for the 2024 Paris Olympics will take place on July 26 with men’s basketball play beginning the following day.

Persons: ”, LeBron James, James, Anthony Davis, Stephen Curry, Kevin Durant, Devin Booker, Jayson Tatum, Anthony Edwards, Kawhi Leonard, Tyrese, Bam Adebayo, Joel Embiid, Paul Childs, Embiid, Steve Kerr, Gregg Popovich Organizations: CNN, USA, Tokyo Olympics, Los Angeles Lakers, Lakers, Golden State Warriors, Phoenix Suns, Boston Celtics, Minnesota Timberwolves, Los Angeles Clippers, Indiana Pacers, Miami, Olympic Games, Warriors, Team USA, Philadelphia 76ers, NBA, Tokyo Games, US Locations: Tyrese Haliburton, Cameroon, France, Las Vegas, Paris

☆ Will Beyoncé announce the Cowboy Carter' tour? Fans think she may be hitting the road again soon.
▼ + stars: | 2024-04-04 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +4 min

The Renaissance World Tour wrapped last October in Kansas City. So it would stand to reason — financially and thematically — that Beyoncé would plan another tour leg for "Cowboy Carter." He celebrated the release of "Cowboy Carter" on X, writing, "This tour bout to B' Incredible!" pic.twitter.com/KNHQOuqFI9 — COWBOY CARTER TOUR (@CowboyCarterWT) March 31, 2024However, the six-month turnaround since Beyoncé's last concert does cast suspicion on these theories. Thanks to "Renaissance: A Film by Beyoncé," we know the Renaissance World Tour took four years to ideate and execute.

Persons: Beyoncé, Carter, —, Cowboy Carter, Tina Knowles, Lawson, Instagram, Knowles, KNHQOuqFI9, CARTER, she's, Gtg7f2jvSG — Antoinette “, ” Childs, @Beyonce, …, GPhRrW1GiF — Nicolas Organizations: Service, Texas Locations: Kansas City, @TheFancyFriend

☆ Supreme Court to decide Trump immunity claim, further delaying election subversion trial
▼ + stars: | 2024-02-28 | by ( John Fritze | ) edition.cnn.com time to read: +6 min

CNN —The Supreme Court agreed Wednesday to decide whether Donald Trump may claim immunity in special counsel Jack Smith’s election subversion case, adding another explosive appeal from the former president to its docket and further delaying his federal trial. The high court on Wednesday ordered that a lower court ruling against Trump remain on hold until it decides the issue. As is common when granting a case, the court released only a short order and did not indicate how the justices voted. Trump had filed an emergency request at the Supreme Court on February 12 asking the justices to block a lower court ruling that he was not immune from Smith’s election subversion charges. Trump and Smith filed dueling briefs at the Supreme Court over whether the decision should be put on hold.

Persons: Donald Trump, Jack Smith’s, Trump, It’s, Smith, SCOTUS, Steve Vladeck, “, ” Vladeck, ”, Vladeck, Tanya Chutkan, Trump’s, Karen LeCraft Henderson, Florence Pan, Michelle Childs, eviscerated, Gore, George W, Bush, Al Gore, CNN’s Hannah Rabinowitz, Devan Cole Organizations: CNN, Supreme, Republican, Trump, DC Circuit, University of Texas School of Law Locations: New York, Bush

Trump has pledged to appeal and has until Monday to ask the Supreme Court to temporarily block the ruling. Perhaps to speed things along, the appeals court established a quick schedule for Trump to respond to Tuesday’s ruling, giving Trump until February 12 to file an emergency stay request with the Supreme Court. The Supreme Court, however, can take as long as it likes at each step. The cases are entirely separate – this is a criminal prosecution against Trump, and the upcoming Supreme Court case is a civil attempt to remove Trump from state ballots. Further, the appeals court’s findings and explanations in Tuesday’s ruling are not binding on the Supreme Court.

Persons: Donald Trump, “, Trump, It’s, Jack Smith, Karen LeCraft Henderson, Florence Pan, Michelle Childs, eviscerated Trump’s, Trump’s, –, Childs, Pan, Joe Biden, Henderson, George H.W, George H.W . Bush, ” “, ”, Nixon, ’, Tanya Chutkan, acquit Trump, Mitch McConnell Organizations: CNN, Trump, Electoral, Electoral College, Capitol, GOP, Justice Department, DC Circuit, United Locations: George H.W ., Washington ,, United States

But it also sets the stage for additional appeals from the Republican ex-president that could reach the U.S. Supreme Court and result in further delays. The judges gave Trump until February 12 to ask the Supreme Court to pause the ruling. The appeals court took center stage in the immunity dispute after the Supreme Court in December said it was at least temporarily staying out of it, rejecting a request from Smith's team to take up the matter quickly and issue a speedy ruling. But the court could yet still decide to act on a Trump team appeal, adding to the uncertainty of a trial date. The high court declined the request, leaving the matter with the appeals court.

Persons: Donald Trump, Jack Smith's, Trump, Joe Biden, ”, Biden, Tanya Chutkan, “, Smith, Florence Pan, Michelle Childs, Karen LeCraft Henderson, George H.W, George H.W . Bush, Trump’s, John Sauer, He’s, Stormy Daniels Organizations: WASHINGTON, —, White, U.S . Capitol, Republican, U.S, Supreme, Trump, Constitution, Democrat, Congress Locations: U.S, George H.W ., Washington, Florida, Lago, Georgia, New York

Circuit holds that Trump cannot invoke immunity as a defense against charges connected to his attempts to overturn the 2020 presidential election and a violent insurrection at the Capitol on Jan. 6, 2021. “For the purpose of this criminal case, former President Trump has become citizen Trump, with all of the defenses of any other criminal defendant,” the panel’s ruling states. “The Indictment charges that former President Trump violated criminal laws of general applicability,” the opinion states. The panel ruling was unanimous and effectively bipartisan, with Democratic- and Republican-appointed judges in agreement. Such an appeal would continue a stay of the panel’s ruling until the high court acted.

Persons: Donald Trump’s, Trump, “, ” Trump, Steven Cheung, –, ”, ” “, Tanya Chutkan, Barack Obama, Karen LeCraft Henderson, George H.W, George H.W . Bush, J, Michelle Childs, Joe Biden, Florence Y, Pan, Appeal Trump Organizations: U.S ., Appeals, Circuit, Capitol, Trump, ” Trump Supporters Storm, Democratic, Republican, Appeal, Supreme Locations: United States, George H.W .

☆ Trump does not have presidential immunity in January 6 case, federal appeals court rules
▼ + stars: | 2024-02-06 | by ( Devan Cole | Hannah Rabinowitz | ) edition.cnn.com time to read: +5 min

CNN —Donald Trump is not immune from prosecution for alleged crimes he committed during his presidency to reverse the 2020 election results, a federal appeals court said Tuesday. The ruling is a major blow to Trump’s key defense thus far in the federal election subversion case brought against him by special counsel Jack Smith. “For the purpose of this criminal case, former President Trump has become citizen Trump, with all of the defenses of any other criminal defendant. But any executive immunity that may have protected him while he served as President no longer protects him against this prosecution,” the court wrote. Not protected under separation of powers clauseThe appeals court found that Trump is not protected from criminal prosecution under the separation of powers clause.

Persons: Donald Trump, Jack Smith, Smith, Trump, ”, J, Michelle Childs, Florence Pan, Joe Biden, Karen LeCraft Henderson, George H.W, George H.W . Bush, Trump’s, ’, ” Trump, “, CNN’s Holmes, Katelyn Polantz Organizations: CNN, Trump, DC Circuit, CNN Trump, Justice Department, DC Locations: George H.W ., United States

☆ 5 Takeaways From the Appeals Court Hearing on Trump’s Immunity Claim
▼ + stars: | 2024-01-09 | by ( Charlie Savage | Alan Feuer | ) www.nytimes.com time to read: +1 min

A three-judge panel of the federal appeals court in Washington heard arguments on Tuesday in a momentous case over former President Donald J. Trump’s claim that he is immune from criminal charges for the efforts he took to overturn the 2020 election. A ruling by the court — and when it issues that decision — could be a major factor in determining when, or even whether, Mr. Trump will go to trial in the federal election case. Here are some takeaways:All three judges signaled skepticism with Trump’s position. The judges on the Court of Appeals for the District of Columbia Circuit appeared unlikely to dismiss the charges against Mr. Trump on grounds of presidential immunity, as he has asked them to do. The two Democratic appointees on the court, Judge J. Michelle Childs and Judge Florence Y. Pan, peppered John Sauer, a lawyer for Mr. Trump, with difficult questions.

Persons: Donald J, Trump, Judge J, Michelle Childs, Florence Y, John Sauer, Karen L, Henderson, Biden Organizations: Appeals, District of Columbia Circuit, Mr, Democratic, Republican Locations: Washington

☆ 46 arrested following ‘large-scale disorder’ prior to Europa Conference League match
▼ + stars: | 2023-12-01 | by ( Sammy Mncwabe | ) edition.cnn.com time to read: +4 min

CNN —Forty-six people are in custody and four police officers were injured following “disgusting and highly dangerous scenes” which took place ahead of Aston Villa’s 2-1 Europa Conference League win against Legia Warsaw on Thursday, West Midlands Police said. There can never be a place for such appalling behaviour, and this is something ourselves and the wider community should never have to experience.”Legia Warsaw fans clash with police outside Villa Park in Birmingham. “The lack of cooperation and prevarication from Legia Warsaw officials prior to the match was entirely unacceptable and deeply disappointing,” said Chris Heck, president of business operations at Aston Villa. Paul Childs/Action Images/ReutersPrior to the game, Legia Warsaw had published a statement claiming that Aston Villa “refuse[d] to allocate tickets for away supporters in line with UEFA regulations for the UEFA Europa Conference League Match. Thursday's match was played in front of an empty away end in Villa Park.

Persons: Tim Robinson, Carl Recine, ”, Aston Villa, Chris Heck, Paul Childs, Aston Villa “, Dariusz Mioduski, “, Villa, ” Villa, James Baylis Organizations: CNN, Europa Conference League, Legia Warsaw, West Midlands Police, Safety Advisory Group, Aston Villa, UEFA, ” Legia Warsaw, prevarication, Legia, ” Police, Villa Park, UEFA Europa Conference League, AZ Alkmaar, Villa, Getty Locations: Aston, Villa, Birmingham, UK, Polish, Netherlands, Villa Park

☆ Former world number one Scott desperate to end win drought in Queensland
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Scott won the first of his two Australian PGA Championship trophies 10 years ago in his prime and the second in 2019. Less than two months after winning the 2019 event, he broke a four-year victory drought on the U.S. PGA Tour by claiming the Genesis Invitational. "If I were to win this week or next week (at the Australian Open) it could be a springboard." The rival circuits, along with the European DP World Tour, announced plans in June to merge and end the sport's bitter divide. "There’s four or five other interested parties in investing in the PGA Tour like PIF," he added, referring to Saudi Arabia's Public Investment Fund.

Persons: Adam Scott, Paul Childs, Scott, ”, Cameron Smith, I’ve, Smith, LIV Golf, Ian Ransom, Shri Navaratnam Organizations: BMW, Wentworth, Rights MELBOURNE, Australian, Butterfield, Royal, British, U.S, PGA, Justice Department, Saudi Arabia's Public Investment Fund, Thomson Locations: Wentworth , Virginia Water, Britain, California, Bermuda, Royal Queensland, Saudi, U.S, Melbourne

☆ Wimbledon suffers expansion plan blow after council refuses permission
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

"Naturally, we are disappointed by the London Borough of Wandsworth's decision," Sally Bolton, Chief Executive of the All England Club, said in a statement. A post from the London Borough of Wandsworth on X, formerly Twitter, confirmed the decision: "Wandsworth's planning committee votes to refuse Wimbledon tennis expansion plans." In 2018 the AELTC's 65 million pounds ($81 million) bid for Wimbledon Park Golf Club was accepted by members. The tennis club argues that its expansion plans would actually return private land back to the public. Lawmaker Stephen Hammond, who represents the Wimbledon constituency, said he was pleased Wandsworth had refused the plans.

Persons: Paul Childs, Sally Bolton, Bolton, Stephen Hammond, Wandsworth, Martyn Herman, Toby Davis Organizations: Lawn Tennis, Croquet Club, REUTERS, Wimbledon, England Tennis Club, London Borough, All England, Twitter, Hall, England, Project, Daily Mail, Thomson Locations: London, Britain, London Borough, Wandsworth, Wimbledon, Merton, Wandsworth's

☆ Philip Glass’s Piano Etudes: A Diary of an Influential Life
▼ + stars: | 2023-11-16 | by ( Joshua Barone | More About Joshua Barone | ) www.nytimes.com time to read: +2 min

For example, the Joyce’s program features a duet of hers set to the 18th Etude. “My first reaction is just to listen,” she said — to the Rachmaninoff-esque shading, the mellowness and alluring romanticism. Peck similarly described his étude, the Sixth, in poetic rather than structural terms. And the amount of time the étude takes, it feels like an eternity.”Not everyone has such strong emotional reactions to the études. “What Philip would say is, there’s plenty of other music in the world.”If there is any agreement on the études, it may be about their specific difficulties.

Persons: Childs, “, ”, —, Rachmaninoff, Peck, “ There’s, Andres, Philip, Mozart, Davies Organizations: Geffen

☆ Women's FA Cup prize fund doubled for this season's competition
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Women's FA Cup - Final - Chelsea v Manchester United - Wembley Stadium, London, Britain - May 14, 2022 Chelsea's Sam Kerr celebrates with the trophy after winning the Women's FA Cup Action Images via Reuters/Paul Childs Acquire Licensing RightsNov 9 (Reuters) - This season's Women's FA Cup prize fund has been doubled to six million pounds ($7.35 million), the Football Association (FA) announced on Thursday. The FA Cup winners will now receive 430,000 pounds, whereas last season's winners Chelsea received 100,000 pounds. "Doubling the prize money showcases the FA's clear commitment to the future of the Women's FA Cup and will help us maintain its stature as the most prestigious domestic women's cup competition in the world," Sue Campbell, the FA's director of women's football said. Last season's prize fund increased from 400,000 pounds to three million pounds. The men's FA Cup winners currently receive two million pounds.

Persons: Sam Kerr, Paul Childs, Sue Campbell, Campbell, Trevor Stynes, Toby Davis Organizations: Soccer, Chelsea, Manchester United, Wembley, FA, Football Association, Thomson Locations: London, Britain

☆ James to start for Chelsea in Blackburn League Cup tie
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

"I can confirm he is going to start," Pochettino told reporters on Tuesday. With just three wins in 10 Premier League games, Chelsea are in 11th place, 14 points behind leaders Tottenham Hotspur. "To go through the competition (League Cup) is important, then go to Tottenham and receive Manchester City to get momentum." Pochettino takes Chelsea to face his old club Spurs in the league on Monday but the Argentine won't let that influence his team selection for the League Cup game on Wednesday. The five-time League Cup winners beat AFC Wimbledon and Brighton & Hove Albion in the previous rounds.

Persons: Chelsea's Reece James, Matthew Childs, Reece James, Mauricio Pochettino, Chelsea's, Pochettino, Trevor Stynes, Ken Ferris Organizations: Soccer Football, Premier League, Chelsea, Brentford, Blackburn Rovers, Wednesday's League, Liverpool, Stamford Bridge, Tottenham Hotspur, Tottenham, Manchester City, Spurs, Argentine, League, AFC Wimbledon, Brighton & Hove Albion, Thomson Locations: Stamford, London, Britain, Chelsea

☆ AMC's CEO thought he was texting naughty photos to a former ballerina fling. Then everything went haywire.
▼ + stars: | 2023-10-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

This "resentment toward her abusers" may have led her to text Aron — a wealthy, powerful man in the public eye, her lawyers said. "Send me a naughty picture," Blackwood texted, a couple weeks into their flirty exchange. When he asked for photos in return, Blackwood sent him images of an unnamed Russian model that she pulled from Instagram. "Ceo scandal is apparently lucrative," Blackwood texted, posing as Brian. AdvertisementAdvertisement"I was shown some images and I was wondering if you're available to speak," the fake reporter texted Aron.

Persons: Adam Aron's, Mia, Aron, Sakoya Blackwood, Adam Aron, Matthew Belloni, Blackwood, She'd, Evander, —, Aron —, paramour, Koya Blackwood Fews, Lila Cohen, Brian, Blackwood texted, he'd, they'd, Brian —, He'd, Brian didn't, there's, he's, abt, Aron didn't, Blackwood didn't, texted Aron, hadn't, Jeff Bezos, Bezos, fiancée Lauren Sanchez —, Aron hasn't, hasn't, Taylor, unfazed, He's Organizations: of, United States, Court Southern District of, Hollywood, AMC, Evander Childs High School, —, Instagram, Arizona, National Enquirer, ppl, FBI, Twitter, Amazon Locations: Southern, of New York, Court Southern District of New York, Bronx, Jamaica, Russian, York City, California, Sinai, Aron

☆ All Blacks tweak team with one change for World Cup final
▼ + stars: | 2023-10-26 | by ( Mark Gleeson | ) www.reuters.com time to read: +3 min

All Blacks coach Ian Foster changed his lock combination again with Brodie Retallick restored to the lineup and Sam Whitelock returning to the list of replacements in the only change to the starting team. New Zealand believe the 35-year-old Whitelock, playing his third World Cup final, is most effective coming off the bench, and could bring an injection of energy at a time when South Africa are refreshing their forwards. Six of New Zealand's matchday squad for the game are previous World Cup winners and the 23-man team has a collective total of 1,387 caps, making it the most experienced All Blacks squad for any of their record five World Cup finals appearances. "We've woken up this week to find ourselves in a World Cup final and we've worked to deal with all the distractions. They (South Africa) are great at their style, we want to be great at ours," added Foster.

Persons: Zealand's Brodie Retallick, Paul Childs, Ian Foster, Brodie Retallick, Sam Whitelock, Whitelock, Retallick, Scott Barrett, Barrett, Nepo Lualua, Fletcher Newell, Foster, Sam Cane, We've, we've, Beauden Barrett, Will Jordan, Rieko Ioane, Jordie Barrett, Mark Telea, Richie Mo’unga, Aaron Smith, Shannon Frizell, Tyrel Lomax, Codie Taylor, Ethan de Groot, Samisoni Taukei’aho, Tamaiti Williams, Nepo Laulala, Dalton Papalii, Finlay Christie, Damian McKenzie, Anton Lienert, Mark Gleeson, Ken Ferris Organizations: Rugby Union, Rugby, Groupama, REUTERS, Blacks, Kiwis, Saturday’s Rugby, South, Springboks, Ireland, Argentina, New, Foster . New Zealand, Brown, Thomson Locations: Zealand, Italy, Lyon, France, South Africa, MALMAISON, Foster . New

☆ Hong Kong's leader will deliver his policy address this week. Here's what to expect
▼ + stars: | 2023-10-23 | by ( Vivian Kam | ) www.cnbc.com time to read: +4 min

An aerial view of a residential district in Hong Kong. He expects domestic demand will continue to be the key driver to Hong Kong's expansion. A nurse examines new born chinese childs with their mums at the Queen Elizabeth Hospital on 30 April 2012 in Hong Kong. That's compared to 1.1 in Singapore and 1.7 in the U.S. To tackle the problem, local media reported the Hong Kong leader may consider giving 20,000 Hong Kong dollars ($2,556) to the family of every newborn baby in the territory, if at least one of the parents is a permanent resident. By offering attractive incentives ... Hong Kong can re-establish itself as an attractive destination for both local and international talent.

Persons: Chunyip Wong, John Lee, Hong, Eddie Kwok, Kwok, Thomas Shik, Shik, childs, Victor Fraile Rodriguez, Wise Lam Organizations: Hong, Hang Seng Bank, CNBC, Gross, Labor, Queen Elizabeth Hospital, Corbis, Bank Locations: Hong Kong, Asia, Singapore, Hong, PwC, U.S

Akbar Al Baker, QR Group CEO during the FIFA Legends Event on Dec 11, 2022. He has retired as CEO of Qatar Airways, a source familiar with the matter said on Oct 23, 2023. Qatar Airways could not immediately be reached for comment. Airbus and Qatar Airways settled at the end of January, averting a rare and potentially damaging UK court trial in the jet sector. It was not immediately clear whether Al Baker was retiring from other posts, which include serving as the chief executive of Hamad International Airport and of Qatar Duty Free.

Persons: Akbar Al Baker, Paul Childs, Al Baker, Gulf Badr Mohammed Al Meer, Badr Mohammed Al Meer, Al Baker's, Saad Sherida Al, Kaabi, Alex Macheras, Sheikh Tamim bin Hamid Al Thani, Maha El Dahan, Andrew Mills, Alexander Cornwell, Tim Hepher, Bernadette Baum, Mark Potter, Sharon Singleton Organizations: QR, FIFA, Qatar Airways, REUTERS, DOHA, Reuters, Hamad International Airport, Dubai's, Turkish Airlines, U.S, Airbus, Boeing, Qatar, Qatar Duty Free, Thomson Locations: Gulf, Qatar’s, Dubai's Emirates, East, Berlin, Qatar

☆ IHG says funding challenges holding back new hotel development
▼ + stars: | 2023-10-20 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

A general view of an Intercontinental Hotel at The O2 in London, Britain October 20, 2020. Its shares were down 3.6% by 1044 GMT, with Bernstein analyst Richard Clarke attributing the drop to the slowdown in net unit growth and fears it might miss its full-year guidance. "We definitely see the light at the end of the tunnel," he said, adding that IHG was growing in new signings and system size. The group recorded growth across its leisure, business travel and group travel segments, Maalouf said in a statement. The hotel industry has benefited from a post-pandemic boom in leisure travel as people splurge their savings on vacations despite rising costs of living.

Persons: Matthew Childs, IHG, Bernstein, Richard Clarke, Leo Carrington, Elie Maalouf, Maalouf, Glover, Yadarisa, Subhranshu Sahu, Tomasz Janowski, Jan Harvey Organizations: O2, REUTERS, Citi, U.S, Crowne Plaza, Regent, Thomson Locations: London, Britain, China, Israel, Bengaluru

☆ IHG upbeat about 2023 results despite challenges holding back new hotels
▼ + stars: | 2023-10-20 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

The owner of the Crowne Plaza, Regent and Hualuxe hotel chains flagged economic uncertainties ahead and said that short- term financing challenges were holding back development of new hotels. The group recorded growth across its leisure, business travel and group travel segments, CEO Elie Maalouf said in a statement. While business travel revenue was already ahead of 2019 levels in the third quarter, group and meetings revenue was still below, finance chief Michael Glover told reporters. The hotel industry has benefited from a boom in leisure travel demand after the pandemic, as people splurge their savings on vacations despite rising costs of living. Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Matthew Childs, Bernstein, Richard Clarke, Elie Maalouf, IHG, Michael Glover, Glover, Yadarisa, Subhranshu Sahu, Tomasz Janowski Organizations: O2, REUTERS, Crowne Plaza, Regent, Thomson Locations: London, Britain, China, Israel, Tel Aviv, Bengaluru

☆ UK budget deficit undershoots forecast in Sept: ONS
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

A view of the financial district in London, Britain, September 23, 2023. REUTERS/Matthew Childs/File photo Acquire Licensing RightsLONDON, Oct 20 (Reuters) - Britain recorded a smaller-than-expected budget deficit of 14.347 billion pounds ($17.37 billion) in September, the Office for National Statistics said on Friday. A Reuters poll of economists had pointed to public sector net borrowing, excluding state-owned banks, of 18.3 billion pounds. Government borrowing between April and September, the first half of the 2023/24 financial year, totalled 81.7 billion pounds, 15.3 billion pounds more than in the first half of the previous financial year. British finance minister Jeremy Hunt is due to give a mid-year update on his budget plans alongside new borrowing forecasts from the Office for Budget Responsibility (OBR) on Nov. 22.

Persons: Matthew Childs, Jeremy Hunt, Hunt, David Milliken, William James Our Organizations: REUTERS, National Statistics, Hunt's Conservative Party, Thomson Locations: London, Britain

"If interest rates remain high ... it's that much harder for people to buy the car. The price of the popular Model Y SUV was "almost unchanged" for consumers even after Tesla's price cuts, Musk said, accounting for higher financing costs. Reuters GraphicsPRICE CUTSTesla's aggressive price cuts this year have battered its gross margin even as it faces stiff competition in China from local automakers. Still, it stuck to its annual production target of 1.8 million cars, a sign that the price cuts were buoying demand to an extent. In the second quarter, Tesla had posted a gross margin of 18.2%.

Persons: Matthew Childs, Elon Musk, Musk, Tesla, Jesse Cohen, Akash Sriram, Hyunjoo Jin, Joe White, Abhirup Roy, Sayantani Ghosh, Sriraj Kaluvilla, Deepa Babington, Jamie Freed Organizations: REUTERS, General Motors, Chrysler, Reuters, Visible Alpha, Revenue, Thomson Locations: London, Britain, Mexico, Nuevo Leon, China, Bengaluru, Hyunjoo, San Francisco, Detroit

☆ Tesla's Q3 margin slightly misses analysts' estimates
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Matthew Childs/File Photo Acquire Licensing RightsOct 18 (Reuters) - Tesla's (TSLA.O) third-quarter gross margin shrank from a year earlier, slightly missing Wall Street estimates, as the electric automaker slashed prices to boost demand in the face of higher interest rates. The company reported a gross margin of 17.9% for the quarter ended September, compared with 25.1% a year earlier, when it had not yet begun the price cuts. In the second quarter, Tesla posted a gross margin of 18.2%. Wall Street had on average expected Tesla to post a margin of 18.02%, according to 21 analysts polled by Visible Alpha. According to LSEG data, an average of 17 analysts polled expected gross margin of 18.25%.

Persons: Matthew Childs, Tesla, Akash Sriram, Hyunjoo Jin, Sriraj Kaluvilla, Deepa Babington Organizations: REUTERS, Investors, Visible Alpha, Revenue, Thomson Locations: London, Britain, Bengaluru, Hyunjoo, San Francisco

☆ Chinese suppliers to invest in Mexican state where Tesla planning factory - state officials
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: 1 min

The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo Acquire Licensing RightsMEXICO CITY, Oct 18 (Reuters) - Chinese suppliers for Tesla will invest in the northern Mexican state of Nuevo Leon where the automaker is planning to build a new factory, state officials said on Wednesday. The planned investments include $700 million from Ningbo Tuopu Group and $260 million from Hesai Technology, a state official said. Reporting by Daina Beth SolomonOur Standards: The Thomson Reuters Trust Principles.

Persons: Matthew Childs, Daina Beth Solomon Organizations: REUTERS, MEXICO CITY, Tesla, Ningbo Tuopu Group, Hesai Technology, Thomson Locations: London, Britain, MEXICO, Mexican, Nuevo Leon, Ningbo

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