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☆ U.S. revokes some export licenses to sell chips to Huawei in a bid to curb China's tech power
▼ + stars: | 2024-05-08 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The IFA 2020 Special Edition will take place from September 3-5. (Photo by Sean Gallup/Getty Images)The U.S. has revoked certain licenses for chip exports to Chinese tech giant Huawei, the Commerce Department told CNBC on Tuesday, in its latest efforts to curb China's tech power. "As part of this process, as we have done in the past, we sometimes revoke export licenses," the spokesperson said, declining to comment on specific licenses. "But we can confirm that we have revoked certain licenses for exports to Huawei." In 2020, the U.S. tightened chip restrictions on Huawei, requiring foreign manufacturers using American chipmaking equipment to obtain a license before they can sell semiconductors to Huawei.

Persons: Sean Gallup Organizations: Huawei, IFA, Getty, U.S, Commerce Department, CNBC Locations: BERLIN, GERMANY, Berlin, Germany, U.S

☆ Stocks making the biggest premarket moves: Peloton, Carvana, Cigna, Qualcomm and more
▼ + stars: | 2024-05-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Carvana — The used car seller spiked 36% after posting first-quarter revenue Wednesday of $3.06 billion, above analysts' consensus estimate of $2.67 billion. Cigna — The insurer moved 1% higher after first-quarter adjusted earnings of $6.47 per share topped the $6.22 expected from analysts polled by LSEG. Zillow estimated second-quarter revenue of $525 million to $540 million, versus $559.2 million expected from analysts polled by FactSet. Freshworks — The software development company plunged 27% after projecting second-quarter revenue of $168 million to $170 million and full-year revenue of $695 million to $705 million. Analysts polled by FactSet expected $172.1 million for the quarter and $708.3 million for the year.

Persons: Barry McCarthy, Carvana, Morgan Stanley, Cardinal, Nio, Zillow, LSEG, FactSet, Qorvo, —, Jesse Pound, Lisa Han, Pia Singh, Tanaya Macheel Organizations: Qualcomm, LSEG, LSEG . Revenue, Health, FactSet, eBay Locations: Nio —, LSEG

☆ Wayfair's losses narrow by more than $100 million after layoffs, even as sales dip
▼ + stars: | 2024-05-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Wayfair's sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. The steepest drop off came from Wayfair's international segment, where sales fell nearly 6% to $338 million compared to the year-ago period. The restructuring – the third Wayfair implemented since summer 2022 – was expected to save the company about $280 million, it said previously. During the quarter, Wayfair's active customers grew 2.8% to 22.3 million, slightly ahead of the 22.1 million that analysts had expected, according to StreetAccount. On average, orders were valued at $285 during the quarter, compared to the $275.07 that analysts had expected, according to StreetAccount.

Persons: Wayfair, Niraj Shah, Shah, – Organizations: LSEG

☆ Robert Downey Jr.'s 'showboating' performances in 'The Sympathizer' are polarizing critics. Here's what reviews are saying about HBO's new series.
▼ + stars: | 2024-04-12 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

The series follows an agent referred to only as the Captain (Hoa Xuande), who's half-Vietnamese and half-French. Aligned with North Vietnam, he's embedded within the South Vietnam army. Critics have generally praised the series, particularly Xuande's performance and Park's direction (in addition to showrunning duties, he directs the first three episodes). Here's a breakdown of where some reviewers stand ahead of the series premiere on HBO Sunday evening. AdvertisementVariety's Alison Herman says that splitting Downey into parts both "deploys and diffuses" the impact of his celebrity on the series.

Persons: Viet Thanh Nguyen's Pulitzer, Hoa, Critics, —, Viet Thanh Nguyen, Chan, Don McKellar, he's, Robert Downey Jr, Xuande, Hopper Stone, Alan Sepinwall, IndieWire's Ben Travers, Tran Bui, Beth Dubber, weren't, Robert Downey's, Laura Sirikul, Sirikul, Variety's Alison Herman, Herman, Christopher Nolan's, Oppenheimer, Nick Schager, Downey, Sandra Oh, Park Chan, Nguyen's, Judy Berman, Rory Doherty, lauds, Doherty, Inverse's, Fred Nguyen Khan, Duy Nguyen, Sepinwall, IndieWire's Travers, Richard Lawson, Schager, Thanh, Fair's Lawson, Marina Fang Organizations: HBO, Viet Thanh, Service, Downey, Stone, Daily Locations: Viet, North Vietnam, Vietnam, United States, Korean

☆ The best street style we spotted at Art Basel Hong Kong 2024
▼ + stars: | 2024-04-03 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +1 min

Fashion's elite, including Maison Margiela's Stefano Rosso, attended Art Basel in Hong Kong last month. BI was in Hong Kong to admire art, but also the city's innovative fashion sense. This article is part of BI's 2024 Art Basel series, taking you inside the art fair's global scene. Fashion and art are inextricably linked — evident at this year's Art Basel in Hong Kong. The art fair, sponsored by UBS, attracted more than 240 galleries from around the world to descend on the Hong Kong Convention and Exhibition Centre last month.

Persons: Maison Margiela's Stefano Rosso, —, Art Basel Organizations: Art Basel, BI, Service, Art, UBS, Hong Kong Convention, Exhibition, Harbour Locations: Hong Kong, Basel, Art Basel, Hong

☆ Art Basel Hong Kong: Collectors return to Asia’s biggest art fair despite cooling market
▼ + stars: | 2024-03-29 | by ( Stephy Chung | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —Picture Vladimir Putin, Angela Merkel and George W. Bush as 7-year-olds. Noemi Cassanelli/CNNAsia’s largest art fair, which concludes Saturday, has returned to “pre-pandemic scale,” as organizers put it. Hong Kong artist Mak2's installation in the fair's "Encounters" section. A colorful booth by Dvir Gallery, based in Paris, Tel Aviv and Brussels, which participated in the Hong Kong fair for the first time. So while Art Basel is a “very international platform,” Chan said, it still provides the chance to showcase homegrown talent.

Persons: Vladimir Putin, Angela Merkel, George W, Bush, Lí, Noemi Cassanelli, Hong, Hong Kong’s, ”, William Leung, fairgoer, “, Ivy Haldeman, François Ghebaly, It’s, it’s, “ It’s, Victoria Miro, Wirth, Mark Bradford, Philip Guston, Ed Clark, ” Keith Tsuji, Willem de Kooning’s, Kooning, Fuyuhiko Takata, Yoko Ono’s, Takata, Fuyuhiko, Louise Delmotte, I’m, ” Takata, fairgoers, Jaume Plensa, Mary Sabbatino, Sabbatino, Mak2, Teppei, Maho Kubota, Alexie, Kantor, Trevor Yeung, Stephen Wong, people’s, Hilda Chan, London’s, ” Chan Organizations: Hong Kong CNN, Art Basel, CNN, “, Hauser, Hauser & Wirth, Galerie Lelong, The, Hong, Dvir, Hong Kong, CNN Hong, London’s Tate Locations: Hong Kong, Beijing, Hong Kong ., China, New York, Art Basel Hong Kong, Los Angeles, Asia, American, Spanish, York, Paris, Australian, Paris , Tel Aviv, Brussels, Hong

☆ Anne Hathaway said 'The Dark Knight Rises' was her toughest gig ever. Christopher Nolan paid her back by saving her career during 'Hathahate.'
▼ + stars: | 2024-03-25 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Read previewAnne Hathaway told Vanity Fair that Christopher Nolan gave her the toughest role on her résumé, but also saved her career during the "Hathahate" scandal. Hathaway's performance was one of the many highlights of "The Dark Knight Rises," which earned $1 billion worldwide, according to Box Office Mojo. Hathaway told Vanity Fair that the backlash cost her roles, even after she won her first Oscar in 2013. "Interstellar" was a success, making $733 million at the box office, according to Box Office Mojo. "Humiliation is such a rough thing to go through," Hathaway told Vanity Fair.

Persons: —, Anne Hathaway, Christopher Nolan, Hathaway, Michelle Pfeiffer's, Nolan, Oscar, I've, Alice, Jessica Chastain Organizations: Service, Business, Office Mojo

☆ The Real Housewives are turning on Bravo and Andy Cohen. Here's what to know about the lawsuits and turmoil behind the scenes.
▼ + stars: | 2024-03-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +15 min

Two "Real Housewives" stars have filed suits alleging mistreatment and a hostile workplace. She returned to the franchise for the fourth season of the spinoff "The Real Housewives Ultimate Girls Trip," where cast members from various series within the franchise go on a vacation together. The incident in question never aired — the entire season was shelved and its premiere date swapped with a different season, "The Real Housewives Ultimate Girls Trip: RHONY Legacy," which aired instead. Mr. Cohen never used cocaine with any cast member on any Real Housewives show or with any other Bravo employee." Former "Real Housewives of Atlanta" star NeNe Leakes has also accused Cohen and Bravo of racist behavior, insinuating it's why she left the show.

Persons: Bravo, Andy Cohen's, —, Andy Cohen, Cohen, Peacock, Caroline Manzo, Manzo, Brandi Glanville, Glanville, isn't, Derek Smith, Mr, Glanville's, Matt Lauer, Kate Chastain, Brandi, they've, Leah McSweeney, McSweeney, costars, Lisa Shannon, Leah, she'd, Cohen's, Ms, McSweeney's, didn't, Bethenny Frankel, Frankel, Frankel aren't, Eboni K, Williams, costars Luann, Lesseps, Sonja Morgan, Ramona Singer, NeNe Leakes, Monique Samuels, Candiace Dillard Bassett, Samuels Organizations: Housewives, Service, Bravo, Shed Media, Housewives of, BI, Beverly Hills, Warner Bros, NBC, New, People, Real Housewives, Atlanta Locations: Housewives of New Jersey, Morocco, Glanville, New York City, York

☆ Lindsay Lohan and Bader Shammas' relationship timeline spans only a few years, but several milestones
▼ + stars: | 2024-03-15 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

February 2022: Lohan shares a photo of herself and Shammas for Valentine's Day"My forever Valentine," Lohan captioned the picture of her and Shammas snuggling together. November 2022: Lohan and Shammas make their red carpet debutLindsay Lohan and Bader Shammas at the "Falling for Christmas" premiere on November 9, 2022. Bryan Bedder/Stringer/Getty ImagesIn November 2022, Shammas accompanied Lohan to a fan screening of her movie "Falling For Christmas," marking their red carpet debut. April 2023: Lohan and Shammas commemorate their anniversary in a joint Instagram postAlongside a photo of her embracing Shammas on a beachside cliff, Lohan wrote: "1 year today... AdvertisementMarch 2024: Lohan and Shammas attend the Vanity Fair Oscar Party togetherLindsay Lohan and Bader Shammas at the Vanity Fair Oscars Party.

Persons: —, Lindsay Lohan, Bader Shammas, Lohan, Instagram, Shammas, Lohan's, bader, Valentine, Jimmy Fallon, Fallon, BI's Gabi Stevenson, Dina, Aliana, Dakota, Bryan Bedder, Stringer, we're, they've, Luai, James Devaney, Steve Granitz, Fair's Organizations: Service, Business, Twitter, Credit Suisse's, Wealth Management, Netflix Locations: Dubai, New York, London, New York City

His celebration was limited to casually holding a best directing Oscar, his first, and one of seven on the night for his film. Nolan's wife, “Oppenheimer” producer Emma Thomas, held her own statuette, for best picture, and did most of the talking as waves of well-wishers descended on the couple. Photos You Should See View All 60 ImagesBillie Eilish soon strode by with two friends, her best original song Oscar slung in one arm. The Vanity Fair dress code might be called “loosened black tie.” Many still wear their tuxes and gowns from the ceremony. Near them, “Anyone but You” and “Euphoria” star Sydney Sweeney stood in a white gown with fiancé Jonathan Davino at her side.

Persons: — Christopher Nolan, Oscar, Oppenheimer, “ Oppenheimer, Emma Thomas, Nolan, Billie Eilish, strode, it's, Radhika Jones, Thomas, Usher, Barry Keoghan, ingratiated, Serena Williams, LeBron James, James, Anya Taylor, Joy, Matteo Bocelli, Andrea Bocelli, “, ”, Huy Quan, Robert Downey Jr, Michael Jackson, Jon Hamm, Brett Goldstein, Ted Lasso ”, Catherine O'Hara, Hamm, John Mulaney, Jeffrey Wright, intently, John Waters, Sydney Sweeney, fiancé Jonathan Davino, Ludwig Göransson Organizations: ANGELES, Vanity, Beverly Hills City Hall, Wallis Annenberg City Hall Locations: Beverly Hills, Hollywood, Italian

☆ Critics are calling Marvel's newest movie a 'Chernobyl-level disaster'
▼ + stars: | 2024-02-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

"Madame Web" opens in theaters on Wednesday. Variety's Peter Debruge called it "a hollow Sony-made Spider-Man spinoff with none of the charm you expect from even the most basic superhero movie." Jessica Kourkounis/SonyThough "Madame Web" is set in the "Spider-Man" universe, this is truly a standalone movie. One critic called it the 'Cats' of superhero moviesDakota Johnson and Sydney Sweeney in "Madame Web." SonySo just how much did critics dislike "Madame Web"?

Persons: —, Tom Holland, Dakota Johnson, Peter Parker, Adam Scott, Sydney Sweeney, Lovia Gyarkye, Peter Debruge, Madame, Cassie, Madame Webb, Jessica Kourkounis, Sony Johnson, Richard Lawson, Lex Briscuso, Fair's Lawson, you'll, isn't, IndieWire's David Ehrlich, David Fear Organizations: Service, Marvel, Sony, Business, Hollywood Locations: Here's

☆ The future of the American amusement park in a Disney, Universal dominated world of thrills
▼ + stars: | 2024-01-27 | by ( Kevin Williams | ) www.cnbc.com time to read: +14 min

Eric Thayer | Bloomberg | Getty ImagesThe theme park business, like many others, is consolidating and changing along with consumer habits. Coney's closing ended an era for Cincinnati-based theme park consultant Dennis Speigel. And there's an underlying rationale for the deal related to what's occurred on the national theme park landscape in recent decades. watch nowA more consistent ride at Cedar Fair Comparatively, Cedar Fair has seen its attendance decline from 22.9 million visitors in the first nine months of 2019 to 20.9 million in 2023. "Disney and Universal have theme parks in several global markets and are considered destination resorts," Baker said.

Persons: Eric Thayer, Knotts, Looney, Richard Zimmerman, Selim Bassoui, Universal, Dennis Speigel, Speigel, Don Helbig, Helbig, Zimmerman, Bassoul, David Katz, Jeffries, It's, Katz, Salim, Berry, Stifel, Carissa Baker, Baker, Dallas restauranteur Shannon Wynne's, Wynne, Wynne's, Angus, Louis, Texans haven't, hadn't, Elizabeth Ringas, Ringas, it's Organizations: Bloomberg, Getty, Disney, Comcast's, Cedar Fair, Flags, Looney Tunes, Marvel, Cedar, Department of Justice, Fair, Dominion, Universal, Google, Dell, Six, Revenue, Cedar Fair Entertainment, Six Flags Entertainment Corp, Getty Images Bloomberg, SIX, University of Central, SeaWorld, Paramount Parks, Premier Parks for Six, Seaworld, Dallas, Texans, American, Enthusiasts, Comcast, CNBC Locations: Valencia , California, Florida, Cincinnati, Coney Island, York, Coney's, Coney, Kings, Virginia, New York, North America, Buena Park , California, Americas, University of Central Florida, Texas, Dallas, Greater Atlanta, St

☆ Vanity Fair's Bethany McLean talks California's proposed Journalism Preservation Act
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVanity Fair's Bethany McLean talks California's proposed Journalism Preservation ActHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bethany McLean, California's, Brian Sullivan, “ Organizations: CNBC

☆ Employers and workers are at odds over work-life balance — here's who is winning
▼ + stars: | 2024-01-23 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

At the end of last year, Wayfair CEO Niraj Shah had a clear message for workers heading into 2024: "Winning takes hard work." "There is not a lot of history of laziness being rewarded with success," Shah wrote. "In his note, Niraj was reinforcing some of the values that have contributed to Wayfair's success, including questioning the status quo, being cost-efficient and working hard together to drive results." However, employees now have other priorities, new research shows, and more time at the office is not one of them. Employees are more likely to consider work-life balance, flexible hours and mental health support as more important, the report found.

Persons: Niraj Shah, Shah, Niraj Organizations: Business, Finance

☆ Read the email Wayfair's CEO sent to staff announcing that it's laying off 13% of its workforce
▼ + stars: | 2024-01-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +10 min

Wayfair said on Friday that it was cutting 13% of its global workforce, or around 1,650 workers. This came only weeks after CEO Niraj Shah sent a companywide email saying Wayfair was "back to winning" but also warning that staff should be careful with its money. AdvertisementNorth American staff would receive an email shortly letting them know whether their roles had been affected, while laid-off staff in Europe had already begun discussions with HR about the next steps, Shah said. Read the full email Shah sent to Wayfair staff below. First, I want to be clear that there are many things at the company that are going well.

Persons: Wayfair, Niraj Shah, Shah, we've, you'll, Covid, – Organizations: Talent, Covid Locations: Europe, North America, Wayfair

☆ Stocks making the biggest moves premarket: Spirit Airlines, Nvidia, Wayfair and more
▼ + stars: | 2024-01-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

This is Wayfair's third restructuring since 2022 and is expected to save the company about $280 million. Hertz — Hertz shed 2.8% on a Jefferies price target cut and downgrade to hold from buy. AMD added 1.6%, after reaching its highest-ever closing price on Thursday amid increased investor interest in the second-largest standalone GPU maker. DraftKings — Shares of the sports betting company rose more than 1% after Stifel upgraded DraftKings to buy from hold. J.B. Hunt Transport Services – Shares rose more than 3% after the company posted mixed quarterly results.

Persons: Hertz, Wells, Stifel, J.B, J.B . Hunt, Macheel, Samantha Subin, Jesse Pound Organizations: Jefferies, EV, Spirit Airlines, JetBlue, Texas, UBS, Nvidia, AMD, ESPN Bet, Hunt Transport, LSEG

☆ Wayfair to lay off 13% of workforce, impacting 1,650 employees
▼ + stars: | 2024-01-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Wayfair is cutting 13% of its global workforce as the digital home goods retailer looks to trim down its structure, cut out layers of management and reduce costs, it announced Friday. The company plans to lay off around 1,650 employees, including 19% of its corporate team, with a focus on people in management and leadership positions, the company said. The restructuring – the third Wayfair has implemented since summer 2022 – is expected to save the company about $280 million, it said. The layoffs come after Hasbro , Etsy and Macy's all announced cuts to their workforces as retailers contend with slowing demand and an uncertain economy. As a result, Wayfair has needed to make cuts to ensure its staffing levels are proportionate to how much business it's doing.

Persons: –, Niraj Shah, Macy's, Wayfair Organizations: New York Stock Exchange, Hasbro, Etsy

☆ Stocks making the biggest moves midday: Wayfair, iRobot, Spirit Airlines, Celsius and more
▼ + stars: | 2024-01-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

This is Wayfair's third restructuring since summer 2022, and it is expected to save the company about $280 million. The bank said Hertz's short-term profitability would be hampered by electric vehicle repair costs, rising operating expenses and vehicle depreciation. Spirit Airlines — Shares surged more than 20% after the budget airline raised its fourth-quarter forecast . Schlumberger reported adjusted earnings of 86 cents per share on $8.99 billion of revenue, higher than the 84 cents per share on $8.95 billion of revenue expected by analysts surveyed by LSEG. Celsius Holdings — Shares of the drink company slid more than 10% following a downgrade to neutral from buy at Bank of America.

Persons: Hertz, Wells Fargo, bullishness, Goldman Sachs, — CNBC's Michelle Fox, Alexander Harring, Tanaya Macheel, Jesse Pound, Pia Singh, Samantha Subin Organizations: Jefferies, Spirit Airlines —, Spirit Airlines, iRobot, Amazon, Street, European Union, Texas, UBS, Nvidia, Semiconductor, Devices, Travelers Companies, LSEG, Schlumberger, Broadcom, Bank of America, State Locations: European

☆ Why California Officials Killed Cedar, a Little Girl's Pet Goat
▼ + stars: | 2024-01-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +15 min

Usually, when a child sells an animal at the county fair, some local macher buys it for more than its market value. All they were waiting for, apparently, was approval from the Shasta County district attorney. "More important for livestock producers is how the Shasta County Fair and the Shasta County sheriff — both unencumbered by intelligence — created a bonanza for animal rights zealots." Cedar was livestock, and many people can't even conceive that livestock like Cedar can be something more than food. (The California Department of Food and Agriculture, the Shasta fair, and the county sheriff all declined my requests for comment.)

Persons: might've, let's, wouldn't, E, reenacted, It's, Jessica Long, Bobo, Megan Dahle, Sen, Brian Dahle, Gavin Newsom, Cedar, Dahle, Long, Agriculture —, didn't, wasn't, —, we'll, Leslie Irvine, Irvine, Irving, they've, Ryan Gordon, Colter Ellis, Charlie Thieriot, Jessica Long's, Gordon, they'll, Adam Rogers Organizations: Fair, Animals Cedar, Republican, California ., California Department of Food, Agriculture, Twitter, Hearts, University of California, Animals, Business Locations: Shasta, Northern California, America, California, Napa, Sonoma, Shasta County, Irvine, Seco, Texas, Mississippi

REUTERS/Andrew Galbraith/File Photo Acquire Licensing RightsSHANGHAI, Nov 3 (Reuters) - The European Union Chamber of Commerce on Friday criticised an upcoming trade fair in China as being more of a "political showcase" than about doing business and pushed for more tangible measures to restore confidence among European companies. "It's more a government affairs event, more a marketing event and there's been really little said on business. You can say CIIE has become more of a political showcase rather than a business event," Carlo D'Andrea, the chamber's vice president, told reporters at a briefing in Shanghai. "European businesses are becoming disillusioned as symbolic gestures take the place of tangible results needed to restore business confidence," he said. The European Union's top diplomat, Josep Borrell, visited last month, as have several other top EU officials in recent months.

Persons: Xi Jinping, Andrew Galbraith, Li Qiang, Anthony Albanese, there's, Carlo D'Andrea, Josep Borrell, Brenda Goh, Sonali Paul Organizations: China, REUTERS, Rights, European Union Chamber of Commerce, Australian, European Union, Micron, Nestle, Burberry, Thomson Locations: Shanghai, China, Europe, EU

☆ Wayfair losses narrow but sales come in short of expectations as demand remains tepid
▼ + stars: | 2023-11-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Wayfair is inching closer to profitability, but its third-quarter results still fell short of revenue expectations as the home market continues to be under pressure. Excluding one-time items, Wayfair reported an adjusted loss of 13 cents per share. Wayfair has been focusing on cost discipline to drive profitability and protect its margins as demand remains tepid across the home goods sector and other consumer discretionary categories. That discipline led Wayfair to see adjusted earnings before interest, tax, depreciation and amortization of $100 million, compared to the $55 million analysts had expected, according to StreetAccount. During the quarter, those costs came down to $596 million, compared to $656 million in the year ago period.

Persons: Wayfair, it's, who've, Niraj Shah Organizations: New York Stock Exchange, LSEG Locations: U.S

☆ Malaysia pulls out of Frankfurt Book Fair citing organisers' pro-Israel stance
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

Visitors are seen at the world's largest book fair in Frankfurt, Germany, October 21, 2021. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsKUALA LUMPUR, Oct 17 (Reuters) - Malaysia's education ministry has withdrawn from participating in this year's Frankfurt Book Fair, accusing the organisers of taking a pro-Israel stance, amid growing global divisions over the ongoing conflict between Israeli and Palestinian forces. The fair's organiser also said on Facebook it would be making Jewish and Israeli voices "especially visible" at this year's edition. "The decision (to withdraw) is in line with the government’s stand to be in solidarity and offer full support for Palestine." Muslim-majority Malaysia has long supported the Palestinian cause, with Prime Minister Anwar Ibrahim saying this week that he did not agree with Western pressure to condemn Hamas.

Persons: Kai Pfaffenbach, Litprom, Anwar Ibrahim, Anwar, Ismail Haniyeh, Rozanna Latiff, Sonali Paul Organizations: REUTERS, Hamas, Facebook, Palestine, Thomson Locations: Frankfurt, Germany, KUALA LUMPUR, Israel, Malaysia, Palestinian, Palestine, Gaza

☆ Malaysia Pulls Out of Frankfurt Book Fair Citing Organisers' Pro-Israel Stance
▼ + stars: | 2023-10-16 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

KUALA LUMPUR (Reuters) - Malaysia's education ministry has withdrawn from participating in this year's Frankfurt Book Fair, accusing the organisers of taking a pro-Israel stance, amid growing global divisions over the ongoing conflict between Israeli and Palestinian forces. The fair's organiser also said on Facebook it would be making Jewish and Israeli voices "especially visible" at this year's edition. "The ministry will not compromise with Israel’s violence in Palestine, which clearly violates international laws and human rights," Malaysia's education ministry said in a statement late on Monday. "The decision (to withdraw) is in line with the government’s stand to be in solidarity and offer full support for Palestine." Muslim-majority Malaysia has long supported the Palestinian cause, with Prime Minister Anwar Ibrahim saying this week that he did not agree with Western pressure to condemn Hamas.

Persons: Litprom, Anwar Ibrahim, Anwar, Ismail Haniyeh, Rozanna Latiff, Sonali Paul Organizations: Reuters, Hamas, Facebook, Palestine Locations: KUALA LUMPUR, Frankfurt, Israel, Malaysia, Palestinian, Palestine, Gaza

☆ Rupert Murdoch completes the real-life 'Succession' story. Here's how his son Lachlan rose to the top.
▼ + stars: | 2023-09-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Rupert Murdoch announced he is stepping down as the leader of Fox and News Corp.His elder son, Lachlan, will take over both companies, ending a decades-long family drama. She quit the family business years ago. AdvertisementAdvertisementThat left Lachlan and James, who have passed the title of successor between the two of them over the decades. For much of the 2000s and 2010s, it seemed as if James would eventually take over the family business. AdvertisementAdvertisementMeanwhile, Murdoch's favorite son, Lachlan, has been a Roman Roy-esque wild card, with the same right-wing politics as the "Succession" character.

Persons: Rupert Murdoch, Lachlan, HBO's, Lachlan Murdoch, Murdoch, —, Logan Roy, I'm, Murdoch's, Michael Wolff, — Elisabeth, James —, Murdoch didn't, Jonathan Mahler, Jim Rutenberg, Elisabeth, Siobhan Roy, James, Kendall Roy, Wolff, Kendall, Roman Roy, Fair's Gabriel Sherman, Lachlan weren't, Sherman Organizations: Fox, News Corp, Service, Fox Corp, Fox News, Street, New, New York Post, Fair, New York Times, Wall, Century Fox, latter's, New York Magazine Locations: Wall, Silicon, New York, Roman, Australia

☆ I can't believe the Iowa State Fair butter cows are not 100% butter!
▼ + stars: | 2023-08-22 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Iowa is famous for the butter cows at its state fair. The butter cows aren't made entirely of butter? "The Butter Cow starts with a wood, metal, wire, and steel mesh frame and about 600 lbs. of low moisture, pure cream Iowa butter," per the Iowa State Fair's official website. "Once inside the 40-degree cooler, layers of butter are applied until a life-size butter cow emerges - measuring about 5-1/2-ft high and 8-ft long."

Persons: aren't, Brent, I'm Organizations: Iowa, Service, Fair, Iowa State Fair's Locations: Wall, Silicon, Iowa, Nebraska, Midwest

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