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Real Madrid wins record-extending 36th La Liga title
  + stars: | 2024-05-05 | by ( Issy Ronald | ) edition.cnn.com   time to read: +3 min
CNN —Real Madrid sealed a record-extending 36th La Liga title on Saturday after rival Barcelona suffered a second-half collapse against Girona, succumbing to a 4-2 defeat which ensured that Los Blancos cannot be overtaken at the top of the table. Such has been Real Madrid’s dominance in the league this season that a 36th title has seemed almost assured for a while now. Goals from Brahim Díaz, Joselu and, of course, Jude Bellingham propelled Real Madrid to its decisive win against Cádiz on Saturday. “I’d be lying to you if I told you that when I was little I didn’t dream of winning a La Liga as captain,” Real Madrid captain Nacho told his club’s website, after winning his fourth league title. For a club that has won as many trophies as Real Madrid, winning the league represents only a job half-done - it is winning in Europe that truly counts.
Persons: Andreas Christiansen, Robert Lewandowski, Paulo Gazzaniga, Barça, Cristian Portu, Miguel Gutiérrez’s, Los Blancos, Brahim, Jude Bellingham, Luka Modrić, Marcelo, Karim Benzema, “ I’d, Nacho, , It’s, Carlo Ancelotti Organizations: CNN — Real, La Liga, Barcelona, Real, Madrid, Paulo, Girona, Atlético Madrid, Cádiz, Bellingham, El, Real Madrid, Nacho, Liga, ” Real Madrid, Champions League, Bayern Munich Locations: CNN — Real Madrid, Girona, Barcelona, La, Real Madrid, Europe
Amid arguably the worst year to apply for financial aid, some colleges are implementing new strategies to entice students wary of the high cost. Vanderbilt University announced it is expanding Opportunity Vanderbilt to include full-tuition scholarships to students of families with an annual income of $150,000 or less. Meanwhile, Dartmouth also said it is nearly doubling its current income threshold for a "zero parent contribution" for parents with an annual income of $125,000, up from $65,000. "As costs continue to escalate we think it's so important there is access," said Doug Christiansen, Vanderbilt's dean of admissions and financial aid. "I am concerned on a national level that we will have a portion that think they can't afford it," he said.
Persons: Dartmouth, Doug Christiansen, Christiansen Organizations: Vanderbilt University, Vanderbilt, Finance, Harvard, Federal Student Aid
The Lego company grew sales 2% last year, even as the global toy industry saw sales slip 7%, according to data from Circana. The pandemic-era gains that fueled exponential toy industry sales growth waned in 2023 as consumers cut discretionary spending amid rising inflationary costs and increased credit card debt. Meanwhile Denmark-based Lego posted resilient sales, with revenue reaching 65.9 billion Danish krone, or about $9.65 billion, it said Tuesday. The company saw sales jump 27% in 2021 and 17% in 2022. The toymaker's top-performing brands last year included Lego Icons, Lego Technic, Lego City, Lego Harry Potter and Lego Star Wars.
Persons: Niels Christiansen, Harry Potter, Christiansen, Lego, We're Organizations: CNBC, Lego, Lego Star, Epic Games Locations: Denmark, Lego City, China
Despite the "most negative toy market in 15 years," Lego said consumer sales grew 4% last year. The Danish toy icon outperformed competitors like Mattel and Hasbro. Toys are cheaper than ever, much to the chagrin of millennial parents. It's a brutal climate for toymakers, but Lego said it outpaced the market in 2023, with consumer sales growing 4%. "We are pleased with our performance given that 2023 was the most negative toy market in more than 15 years," Niels B. Christiansen, CEO of the Danish toy icon, said in a statement.
Persons: , Niels B, Christiansen Organizations: Mattel, Hasbro, Service, Business Locations: Danish
Lego said its 2023 revenue was 2% higher compared to the previous year, growing to 65.9 billion Danish krone (around $9.65 billion). "It was a difficult year," Lego CEO Niels Christiansen told CNBC. The Danish toymaker said operating profit declined slightly from 17.9 billion Danish krone to 17.1 billion, noting that it had boosted spending on strategic initiatives designed to drive growth. Net profit came in at 13.1 billion Danish krone in 2023, compared to 13.8 billion the previous year. Toy company Hasbro earlier this month said its 2023 revenue fell by 15% compared to 2022 and that it expected to see a further decline this year.
Persons: Lego, Niels Christiansen, toymaker Organizations: CNBC, Toy, Hasbro Locations: China, U.S, Europe
BISMARCK, N.D. (AP) — A former North Dakota lawmaker is running for the state's only seat in the U.S. House of Representatives. Republican Rick Becker, a plastic surgeon in Bismarck, announced his campaign on Monday. Republican U.S. Rep. Kelly Armstrong, an attorney and former state senator, said earlier this month that he is running for reelection to the seat he first won in 2018. “It's not so much a matter that I'm interested in tearing him down, it's simply I present an option for voters," Becker said. Becker also is leading a proposed 2024 ballot initiative to eliminate local property taxes.
Persons: , Rick Becker, Republican Sen, John Hoeven, Katrina Christiansen, Kelly Armstrong, Trygve Hammer, Becker, Armstrong, “ It's, it's Organizations: N.D, North, U.S . House, Representatives, Senate, Republican, Republican U.S . Rep, Bastiat Caucus, Trump Locations: BISMARCK, North Dakota, U.S, Bismarck
CHARLESTON, W.Va. (AP) — A West Virginia coalition that helps support a network of anti-abortion pregnancy centers in the state is receiving $1 million in taxpayer dollars to distribute to organizations committed to encouraging people not to end their pregnancies. The West Virginia Pregnancy Center Coalition has been selected to manage the new West Virginia Mothers and Babies Support Program, the state department of health and human resources announced this week. Jim Justice earlier this year, officials said the program is intended to help support pregnant women and families following the passage of the state's near-total abortion ban in September 2022. As the West Virginia program's management agency, the West Virginia Pregnancy Center Coalition will be required by law to establish qualification requirements for organizations to receive funding, advertise the program and contract with organizations for services. The West Virginia Pregnancy Center Coalition will need to establish reporting requirements and an auditing procedure.
Persons: Jim Justice, Jenny Entsminger, , Matthew Christiansen Organizations: West Virginia, Virginia Pregnancy Center Coalition, GOP, Republican Gov, Pregnancy Center Coalition, Democratic, West Locations: CHARLESTON, W.Va, Virginia, West Virginia
Planets beyond our solar system have a size gap, where worlds seem to shrink past a certain range. Scientists think this is because some sub-Neptunes shrink — losing their atmospheres and speeding through the size gap until they are as small as a super-Earth. AdvertisementThe planets themselves may be pushing their atmospheres awayShrinking exoplanets may lack the mass (and therefore the gravity) to hold their atmospheres close. AdvertisementThe other hypothesis, called photoevaporation, says that a planet's atmosphere is dissipated by the radiation of its host star. AdvertisementThe scientists found that most of the planets there retained their atmosphere, making the core-powered mass loss a more likely cause of eventual atmosphere loss.
Persons: , Jessie Christiansen, Mark Garlick, NASA's, Christiansen Organizations: NASA, Service, JPL, Caltech, Kepler Space, Harvard
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. With investors confident that big central banks are likely done raising rates, focus has switched to when rate cuts will start. Traders now price in over an 80% chance of a 25 basis-points (bps) ECB cut by April, which had been fully priced for July last week. Piet Christiansen, chief analyst at Danske Bank, said the expectations for ECB rate cuts now reflected a "doom and gloom" scenario. He added the ECB would need to cut rates at least as much as traders expect next year.
Persons: Heiko Becker, BoE, Shamik Dhar, Christine Lagarde, Piet Christiansen, Lagarde, Goldman, Gurpreet Gill, Dario Perkins, Yoruk, Sumanta Sen, Kripa Jayaram, Dhara Ranasinghe, Emelia Organizations: European Central Bank, REUTERS, Traders, ECB, Fed, Federal Reserve, Bank of England, BNY Mellon Investment, Treasury, Reuters, Danske Bank, Asset Management, Lombard, Thomson Locations: Frankfurt, Germany, United States, Europe, U.S, Britain, Israel
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. That was a relief to financial markets, roiled in recent weeks by a surge in government bond yields led by U.S. Treasuries. The central bank reiterated it would reinvest all the cash it receives from maturing bonds it holds under its 1.7 trillion euro pandemic-era bond scheme until the end of 2024. Instead, the ECB kept the emphasis on slowing inflation, raising investors' conviction that September's rate rise was the central bank's last. And inflation risks have not disappeared.
Persons: Heiko Becker, Christine Lagarde, Lagarde, Piet Christiansen, Gabriele Foa, reinvestments, Marcus Brookes, Sabrina Kanniche, Yoruk Bahceli, Naomi Rovnick, Amanda Cooper, Nick Zieminski Organizations: European Central Bank, REUTERS, ECB, U.S, Treasuries, Reuters, Danske Bank, The Bank of, Algebris, Quilter Investors, Asset Management, Thomson Locations: Frankfurt, Germany, Italy, Copenhagen, Israel, The Bank of Canada, wean, Ukraine
Tershawn Wharton recovered the loose ball and Mahomes and the Chiefs got it at the Jets 47. Michael Carter II intercepted Mahomes on third-and-20 from the Jets 40 — but it was negated by a holding call on Sauce Gardner. Mahomes, who became the fastest to 200 NFL touchdown passes, was 18 of 30 for 203 yards and a touchdown. Wilson found Allen Lazard in the middle of the end zone for a 10-yard touchdown pass. Uzomah in the top right corner of the end zone for a 1-yard TD to cut the Jets' deficit to 17-12 with 6:26 left in the half.
Persons: — Patrick Mahomes, Mahomes, Taylor Swift, Travis Kelce, Harrison, Zach Wilson, Tershawn Wharton, Michael Carter, Gardner, Robert Saleh, Saleh, Isiah Pacheco, Kelce, Wilson, Aaron Rodgers, Allen Lazard, Rodgers, Achilles, Woody Johnson —, Pacheco, Micheal Clemons, Dan Marino’s, Noah Gray, Marino, Jawaan Taylor, Bryce Huff, Tyler Conklin, Greg Zuerlein, Ashtyn Davis, Gray, Randall Cobb, Xavier Gipson, Joe Klecko, Klecko, LB Cole Christiansen, didn't, CB Brandin Echols, ___ Organizations: Kansas City, New York Jets, Chiefs, MetLife, Jets, NFL, New, Dan Marino’s NFL, Miami, The Jets, Kansas, Pro Football Hall, Fame, of Fame, Exchange, CB, NEXT Chiefs, Minnesota, Sunday . Jets, Denver Locations: RUTHERFORD, N.J, Kansas, New York, New, York, Uzomah, Canton , Ohio
[1/2] Sets of Lego bricks are seen at a toy store in Bonn, Germany, September 5, 2017. It's just not been possible to find a material like that," Lego Chief Executive Niels Christiansen told the Financial Times. Lego had earlier pledged to replace oil-based plastic bricks with ones made from sustainable materials by the end of the decade. The company had kicked off efforts in 2020 to replace its plastic bricks by sustainable materials. The difficulty was to find a material that would be environment friendly but give the same color, shine and sound of an oil-based plastic bricks.
Persons: Wolfgang Rattay, Niels Christiansen, Shubhendu Deshmukh, Lisa Shumaker Organizations: REUTERS, Financial Times, Lego, Reuters, Thomson Locations: Bonn, Germany, Bengaluru
"The inflation momentum is simply too strong for the ECB to pause," Danske Bank economist Piet Haines Christiansen said. In contrast, markets have fully priced in unchanged rates at next week's meeting of the U.S. Federal Reserve, which started raising rates earlier and has moved higher than the ECB. "We doubt that this will be possible and expect that a decision to hold rates steady today would mark the end of the tightening cycle." The euro zone's biggest economy, Germany, is bearing the brunt of an industrial slump and heading for recession, according to several forecasts. ECB President Christine Lagarde will hold a news conference at 1245 GMT.
Persons: Piet Haines Christiansen, Dirk Schumacher, Christine Lagarde, Catherine Evans Organizations: ECB, European Central Bank, Reuters, Danske Bank, U.S . Federal Reserve, Services, Thomson Locations: FRANKFURT, Germany
The central bank for the 20 countries that share the euro faces a dilemma. "The inflation momentum is simply too strong for the ECB to pause," Danske Bank economist Piet Haines Christiansen said. Just 14 months ago, that rate was languishing at a record low of minus 0.5%, meaning banks had to pay to park their cash securely at the central bank. The euro zone's biggest economy, Germany, is bearing the brunt of an industrial slump and heading for recession, according to several forecasts. On Thursday, the ECB is also expected to cuts its growth projections for this year and next, leading some economists to argue it should hold off from raising rates this month.
Persons: Piet Haines Christiansen, Dirk Schumacher, Catherine Evans Organizations: ECB, European Central Bank, Reuters, Danske Bank, Services, Thomson Locations: FRANKFURT, Germany
REUTERS/Kai Pfaffenbach/File PhotoData on Thursday showed euro zone inflation held at 5.3% in August rather than dropping. Another inflation hawk, Austrian central bank chief Robert Holzmann, said the ECB could deliver “another hike or two”. Overall money supply in the bloc contracted in July for the first time since 2010, demonstrating the extent to which ECB policy has tightened financial conditions. And even if investors are divided on September’s decision, the consensus is that the ECB will be done raising rates soon. Longer-term, markets expect the ECB to start cutting rates by the second quarter of 2024.
Persons: Christine Lagarde, Kai Pfaffenbach, Piet Christiansen, ’ indecisiveness, ” Christiansen, Isabel Schnabel, Robert Holzmann, , Mauro Valle, Valle, Edward Hutchings, Frederik Ducrozet, Aviva’s Hutchinson, ” Pictet’s Ducrozet Organizations: Reuters, European Central Bank, Central Bank, ECB, REUTERS, Danske Bank, Generali Investments, Treasury, Aviva Investors, Pictet Wealth Management Locations: Frankfurt, Germany, Austrian
REUTERS/Kai Pfaffenbach/File PhotoData on Thursday showed euro zone inflation held at 5.3% in August rather than dropping. Overall money supply in the bloc contracted in July for the first time since 2010, demonstrating the extent to which ECB policy has tightened financial conditions. And even if investors are divided on September’s decision, the consensus is that the ECB will be done raising rates soon. Longer-term, markets expect the ECB to start cutting rates by the second quarter of 2024. (This story has been corrected to clarify that Aviva favours a small overweight in European bonds, not longer-dated euro zone bonds, in paragraph 19)
Persons: Christine Lagarde, Kai Pfaffenbach, Piet Christiansen, ’ indecisiveness, ” Christiansen, Isabel Schnabel, Robert Holzmann, , Mauro Valle, Valle, Edward Hutchings, Frederik Ducrozet, ” Aviva’s Hutchings, ” Pictet’s Ducrozet Organizations: Reuters, European Central Bank, Central Bank, ECB, REUTERS, Danske Bank, Generali Investments, Treasury, Aviva Investors, Pictet Wealth Management, Aviva Locations: Frankfurt, Germany, Austrian
COPENHAGEN, Aug 30 (Reuters) - Lego continued to take market share in the first six months of the year even as the toy market declined and Chinese consumers returned to stores at a slower pace than expected, the Denmark-based toymaker said on Wednesday. By comparison, Lego grew sales 17% last year and 27% the year before. "But we've taken market share and have grown 10% faster than the market." The company's consumer sales grew 3% in a market that declined by 7%, meaning it grabbed market share from competitors like Hasbro (HAS.O) and Barbie-maker Mattel (MAT.O). He said he believes Lego can continue opening stores at the same pace for another five to 10 years.
Persons: toymaker, Niels Christiansen, Christiansen, Jacob Gronholt, Pedersen, David Holmes Organizations: Reuters, Hasbro, Mattel, Eiffel, Thomson Locations: COPENHAGEN, Denmark, China
Lego sales increase while other toy makers struggle
  + stars: | 2023-08-30 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +3 min
While other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick. Meanwhile, publicly traded rivals such as Mattel , Hasbro , Funko and Jakks Pacific have all reported double-digit revenue and sales declines so far this year. "I think what makes me very satisfied is this fact that we continue to outgrow the industry," CEO Niels Christiansen told CNBC. Toy companies across the industry saw massive gains during the Covid-19 pandemic, as parents looked for ways to keep their kids occupied during lockdowns. The region is newly exposed to the iconic building bricks and physical locations have helped show adults and children how to play with Lego.
Persons: Niels Christiansen, we've, Christiansen, That's Organizations: Mattel, Hasbro, Funko, Jakks, CNBC, lockdowns, U.S ., Star Locations: Danish, Mexico, Virginia, China
"It may just be lucky that a global demand slump or non-policy related domestic forces are driving inflation lower." This disconnect led the German central bank to issue a warning to peers this week that a tough task may still lie ahead for policymakers. "The impression took hold that inflation rates will nonetheless persist for longer above the rates targeted by central banks," the Bundesbank said. Indeed, longer-term inflation expectations for the U.S. and the euro zone remain above the banks' 2% targets. But even in the best case, weaker growth will reduce demand for imports and complicate the global outlook.
Persons: JACKSON, Steve Englander, Piet Haines Christiansen, Philip Lane, Lane, Niels Graham, Julian Evans, Pritchard, Balazs Koranyi, Dan Burns, Toby Chopra Organizations: Standard Chartered, The Bank of England, ECB, Reserve Bank of Australia, Reserve Bank of New, Danske Bank, U.S, People's Bank of, Atlantic Council, Capital Economic, Thomson Locations: , Wyoming, Jackson Hole , Wyoming, Britain, Australia, New Zealand, German, Europe, Reserve Bank of New Zealand, Jackson, People's Bank of China, China
Washington CNN —A Georgia indictment of former President Donald Trump for his efforts to overturn the 2020 election lists at least 27 lies Trump told about the election – and that’s counting conservatively. A federal indictment in early August, which also charged Trump for his efforts to subvert the will of the voters, listed 21 of his election lies. Trump’s lie that he was the real winner of the 2020 election. Trump’s lie that “about 4,502” people voted in Georgia even though they weren’t on the voter registration list. Trump’s lie that “as many as 2,560 felons with an uncompleted sentence” were permitted to vote in Georgia.
Persons: Washington CNN —, Donald Trump, Trump, Brad Raffensperger, Raffensperger, Joe Biden, , Rudy Giuliani, Jeffrey Rosen, Richard Donoghue, , , Donoghue, Biden, Deborah Jean Christiansen, Ruby Freeman, Freeman, Rosen, Raffensperger “, Trump’s “, wasn’t, Mike Pence, Pence, Giuliani, Trump “, Mike Shirkey Organizations: Washington CNN, Trump, Georgia, Biden, Electoral College, Department, Republican, Georgia “, Raffensperger, CNN, Capitol, Pennsylvania, Dominion, Arizona “, Trump Electoral College, Northern, Northern District of Locations: Georgia, Fulton County , Georgia, Fulton, Arizona , Nevada , Michigan, Pennsylvania, Wisconsin, Fulton County, , Trump’s, Washington, Detroit, Arizona, Michigan, Wayne County, State of Georgia, Northern District, Northern District of Georgia
Investors shouldn't chase the Coinbase rally that was sparked by a pop in crypto asset XRP due to a partial legal win in federal court, analysts warned. The judge also ruled that Ripple violated securities laws when selling XRP to institutions but not to retail investors. However, some analysts noted investors should stay cautious around Coinbase for a little while longer. Despite the ways Coinbase and the crypto industry can benefit from the ruling, the dark cloud of regulatory uncertainty hasn't gone away yet. He added that although the ruling is positive, it's "not a Panacea" for Coinbase.
Persons: XRP, Peter Christiansen, Bank of America's Jason Kupferberg, Kupferberg, Christiansen, Michael Bloom Organizations: of, Citi, Bank of America's, SEC, Coinbase, Bank of America, America's Locations: Southern, of New York, Cancun
The country has received three international bailouts from the euro zone and the IMF worth 280 billion euros ($308 billion) since 2010. "The Greek (bond) market is not so liquid and tends to be more volatile, but we have a lot of good news. The Greek economy is still heavily exposed to volatile sectors like tourism or shipping, but it is less sensitive to manufacturing headwinds. The premium, or spread, of Greek government bond yields over those of Spain recently fell to its lowest since 2008 at around 27 basis points . Across southern Europe, only Portugal and Spain trade at a smaller premium to Germany - the euro zone benchmark - than Greece.
Persons: Athanasios, Kyriakos Mitsotakis, Goldman Sachs, Filippo Taddei, Piet Haines Christiansen, Giorgia Meloni, Mario Draghi's, Christoph Rieger, Stefano Rebaudo, Sara Rossi, Amanda Cooper, Hugh Lawson Organizations: Bank of America, Democracy, Analysts, European Recovery Fund, Danske Bank, Italy's, ECB, Italian Treasury, Reuters, Thomson Locations: Greece, Spain, Europe, Portugal, Germany, European, Italy, Italian
Those who are into Lego Star Wars are among the most popular. It was at an informal contest where Louis met Victor, a fellow Lego Star Wars fanatic. Soon they ranked among the most popular Lego Star Wars YouTubers in France, known for the size and scope of their MOCs. The two friends no longer fit with that satisfying click that comes from snapping together two Lego bricks. Though it must have taken a truck to haul away all of Louis' Lego, no neighbor reported seeing anything suspicious.
Earth-size exoplanet may be covered in volcanoes
  + stars: | 2023-05-17 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +6 min
Instead, the exoplanet, called LP 791-18 d, is likely covered in volcanoes and may experience eruptions with the same frequency as Jupiter’s moon Io, the most volcanically active place in our solar system, according to researchers. LP 791-18 d is located about 90 light-years from Earth in the Crater constellation, where it orbits a small red dwarf star. And astronomers believe the massive planet LP 971-18 c might be contributing to the newly detected exoplanet’s possible volcanism. As the two objects orbit their star, LP 971-18 c and the newfound exoplanet LP 791-18 d closely pass each other, allowing the gravitational pull of the larger planet LP 971-18 c to tug on planet d and reshape its orbit. The discovery of LP 971-18 d points to the importance of data collected by space telescopes.
Fomalhaut, a star just 25 light-years away, is so dazzlingly bright that it blots out the faint light of other stars around it. Stargazers have been enraptured by its secrets for thousands of years. Now, with the help of the James Webb Space Telescope, astronomers have documented evidence that Fomalhaut is a dynamic star wreathed in cosmic chaos. The powerful observatory’s infrared vision is letting astronomers better understand Fomalhaut’s features, including a mysterious ring unlike anything found in our solar system. “It’s the first time we’ve seen such structures in an evolved system.”The findings could contribute to the solution to an existential puzzle: How weird, or ordinary, is our solar system?
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