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☆ Airlines Avelo and Breeze, three years after their pandemic debut, prepare for a profitable year
▼ + stars: | 2024-03-02 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +6 min

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. "When you have Goliaths, and you're just David, it's really hard," said Avelo Airlines CEO Andrew Levy. David Neeleman, founder and CEO of Breeze Airways, before boarding the airline's inaugural flight at Tampa International Airport in Tampa, Florida, on May 27, 2021. A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021. Operational costsOffering low airfares has made industry-wide cost increases all the more daunting for Avelo and Breeze.

Persons: Charles M, Schulz, Patrick T, Fallon, They've, David, it's, Andrew Levy, Avelo, Levy, David Neeleman, Matt May, Henry Harteveldt, Harteveldt, Connecticut's, Neeleman Organizations: Avelo Airlines Boeing, Hollywood Burbank Airport, Airport, AFP, Getty, U.S, Breeze Airways, Los Angeles International, Avelo, United, Breeze, Southwest Airlines, Tampa International Airport, Bloomberg, Atmosphere Research, New Haven Airport, Wilmington, JetBlue Airways, Azul, Westchester County Airport, Canton Airport, International Airport, Airlines Locations: Hollywood, Sonoma, Santa Rosa, Angeles, Islip, Long, New York City, Delta, Southwest, U.S, Ukraine, Tampa , Florida, Florida, South Carolina, California, Puerto Rico, New, Westchester, Akron, Ohio, Hartford , Connecticut, Charleston , South Carolina, Vegas, Los Angeles, Breeze

Shanker also raised his price target to $80 from $75, suggesting nearly 34% downside from Friday's close. — Spencer Kimball 8:16 a.m.: Loop Capital upgrades Corteva, touts growth acceleration in 2025 Corteva's stronger-than-expected 2024 full-year guidance will jumpstart a period of strong growth, according to Loop Capital. The firm upgraded the agricultural chemicals company to buy from hold and increased its price target to $65 from $57. Analyst Jay Sole upgraded Urban to neutral from sell and upped his 12-month price target by $20 to $41. Kaufman's $183 price target indicates roughly 6.3% downside for shares, which have fallen more than 18% over the past year.

Persons: headwinds, Morgan Stanley downgrades XPO, Morgan Stanley, Ravi, Shanker, — Michelle Fox, Julien Dumoulin, Smith, Duke's, — Spencer Kimball, Chris Kapsch, Kapsch, Brian Evans, Cassie Chan, they'll, Chan, —, Jay Sole, URBN, Sole, Urban's, — Pia Singh, Filippo Falorni, Falorni, Hershey, Stanley, Pamela Kaufman, Kaufman's, Hershey's, Kaufman, Graham Doyle, Doyle, Piper Sandler, David Amsellem, Amsellem, Amsellam, Christopher Horvers, Jan, Horvers, Fred Imbert, Dan Levy, Levy Organizations: CNBC, Barclays, Automotive, JPMorgan, Corp, Bank of America, Bank of America downgrades Duke Energy, Duke Energy, Duke, Wall, America, UBS, Urban Outfitters, Free People, Urban, Citi, PepsiCo, Citi Research, Pepsi, Hershey, GE Healthcare Technologies, UBS GE Healthcare Technologies, Pharmaceutical, Teva Pharmaceutical, Federal, Barclays downgrades Rivian, Rivian Automotive, North American EV Locations: Bank of America downgrades, GEHC, David Amsellem U.S

☆ The IRL social startup 222 is moving from LA to NYC as it launches an app and raises $2.5 million
▼ + stars: | 2024-02-05 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +6 min

For the founders behind the IRL social startup 222, it's all about the "magic of the backyard." The 222 team then organizes a multi-stage meetup, which includes a restaurant as well as another venue like a museum or a bar. At its events, 222 wants attendees to feel comfortable and leave "judgment at the door," said Hashemi, 222 's COO. "A lot more people are coming around to this idea of in real-life social," Hashemi said. Kazemian, Hashemi, and Roshannai, meanwhile, want to help swing the pendulum back to IRL — back to real relationships.

Persons: Keyan Kazemian, Danial Hashemi, Arman Roshannai, — Kazemian, Hashemi, Roshannai, Kazemian, —, Catalyst, Arash Ferdowsi, Cory, Catalyst's Niko Bonatsos, Sydney Bradley Organizations: Business, Scrum Ventures, Dropbox, University of Southern, YC, Tech, IRL Locations: Los Angeles, California, New York, New York City, University of Southern California, SoHo , New York

☆ Dan Levy said turning down the opportunity to play one of the Kens in 'Barbie' still haunts him: 'That was a tough day'
▼ + stars: | 2024-01-13 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewDan Levy recently dropped a major bombshell after revealing he turned down a role in the blockbuster film "Barbie," which he called "a tough day." "Logistically could not make it work despite desperately trying to," Levy told the outlet. "I think Greta had such a like wonderfully bizarre and and magical aesthetic idea of of what that movie was," Levy told People. Although Robbie played the titular role, Amy Schumer and Anne Hatheway nearly played the beloved doll. Robbie told Vogue in May 2023 that she initially wanted Gal Gadot to play Barbie.

Persons: —, Dan Levy, Levy, People's Jason Sheeler, Ryan Gosling, Simu Liu, Eugene Levy, Emma McIntyre, Margot Robbie, Barbie, Jaap Buitendijk, America Ferrera, Will Ferrell, Kate McKinnon, Issa Rae, Robbie, Greta Gerwig, Greta, Levy's, Amy Schumer, Anne Hatheway, Gal Gadot, Gadot Organizations: Service, Business, Warner Bros, Vogue, Netflix Locations: Levy

☆ Former 'American Idol' star Jimmy Levy's backpack exploded into a 'ball of fire' just as his JetBlue flight was about to take off from JFK
▼ + stars: | 2023-11-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Former 'American Idol' star Jimmy Levy's bag caught fire while his JetBlue flight sat at the gate. Levy said he was told a portable battery inside his bag had caused the fire. In an interview with NBC News, Levy said he was told by investigators his portable charger was to blame for the explosion. "It's a portable charger from a fancy mall, so it wasn't some random thing," he said. JetBlue didn't immediately respond to Insider's request for comment but told NBC News in a statement that its crew "immediately responded and addressed the situation, and there were no requests for medical assistance."

Persons: Jimmy Levy's, Levy, —, Jimmy Levy, John F, JetBlue didn't Organizations: American Idol, JetBlue, Service, Kennedy International Airport, NBC News, Hollywood International Airport, Federal Aviation Administration Locations: New, South Florida, New York, Israel, JFK, Fort Lauderdale

☆ An Israeli man describes the moment he held his shelter door closed with his hands to stop Hamas militants on the other side from shooting his family
▼ + stars: | 2023-10-10 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +6 min

Levy recalled harrowing moments holding a door closed against militants as his kids hid under a bed. The sirens and rocket attacks "aren't new," 45-year-old Levy told Insider in an interview on Tuesday. Homes across the village of Nirim were destroyed, and cars were burned to stop residents from being able to escape, Levy told Insider. AdvertisementAdvertisementWhen the attackers got to the shelter, they tried to open the door, Levy said. Levy said the militants banged on the shelter door and threw different objects at it before giving up and moving to the next house.

Persons: Shai Levy's, Levy, —, Shai Levy, who's, Shai Levy Levy's, General Antonio Guterres, Guterres, Gerald R, Alisa Shodiyev Kaff Organizations: Service, IDF's Paratroopers Brigade, Hamas, Sunday, Israel, UN, Palestinian Health Ministry, Ford Carrier Strike Locations: Gaza, Israel's, Israel, Nirim, Eilat

Sports has become a hot category for venture-capital investors in recent years. While other private investors like private equity firms have set their sights mainly on teams and leagues — looking to cash in on the rising costs of media rights and the growth of live events — early-stage investors are pouring money into startups innovating in areas like sports betting, esports, sports technology, analytics companies, NIL, and more. Insider is highlighting prominent venture-capital investors who are funding startups in sports. Insider compiled this list of investors based on our own reporting as well as nominations we vetted from readers and industry experts. Here are the 26 venture capital and other early-stage investors — listed alphabetically by company — that have made prominent investments in sports in 2023:

Persons: Brad Farkas, Pareek, Jake Paul, Joey Levy's Organizations: HBSE Ventures, trampolines

☆ Spanish court rejects appeals to suspend banking tax payments
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

MADRID, Sept 11 (Reuters) - Spain's High Court has rejected appeals by lenders Bankinter (BKT.MC), Sabadell (SABE.MC) and Cajasur to suspend payments of the extraordinary banking tax while it reviews the levy's validity, El Economista newspaper reported on Monday. Spain approved in December a temporary 4.8% levy on banks' net interest income and net commissions above a threshold of 800 million euros ($861 million) as part of measures aimed at easing the cost of living of ordinary Spaniards amid high inflation. Some banks and associations objected to the tax and filed challenges before the High Court, while the European Central Bank also warned of adverse effects on the banking system. The High Court could not immediately confirm or deny the report, which also said that the court had refused to raise the question of the levy's constitutionality before the Court of Justice of the European Union. ($1 = 0.9301 euros)Reporting by Emma Pinedo and Jesús Aguado, editing by Andrei Khalip and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Bankinter, Cajasur, El Economista, Emma Pinedo, Jesús, Andrei Khalip, Angus MacSwan Organizations: Economista, Court, European Central Bank, Justice, European Union, Bankinter, Thomson Locations: MADRID, Sabadell, Spain, Kutxabank

☆ This story of when Steve Jobs 'blew up' over a photographer is a classic example of what his biographer called 'Bad Steve'
▼ + stars: | 2023-08-21 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Steve Jobs apparently "blew up" because he was unhappy with a photographer ahead of iMac's release. Levy writes that Jobs also was also unsure of a different photographer, but eventually was won over. A quarter of a century ago, in 1998, Steve Jobs announced the iMac — a piece of technology that reverberated across the personal computer industry and aided Apple's comeback. Jobs didn't calm down until Clow showed Jobs that the colors were in fact, correct, the biographer wrote in his book. Andy Cunningham, for example, told Insider that Jobs fired her "about five times."

Persons: Steve Jobs, Steven Levy, Levy, Jobs, Apple's, Moshe Brakha, Madonna, Brakha, Walter Isaacson, Apple, Lee Clow, Isaacson, Clow, Andy Cunningham, Cunningham Organizations: Morning, NeXT, PR, Apple, Beastie, Grammy Museum, Jobs, Pixar Locations: Los Angeles

☆ Frank Dunlevy, Gary Cohn host campaign fundraiser for Tim Scott in the Hamptons
▼ + stars: | 2023-08-10 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

U.S. Republican presidential candidate Tim Scott speaks at the "Roast and Ride" event hosted by U.S. Republican Sen. Tim Scott huddled with over 50 donors at the Hamptons home of Wall Street veteran and former Trump administration official Frank Dunlevy on Wednesday night, according to people familiar with the matter. In fact, when CNBC reached out to Dunlevy before the party this week, he tried to dispute whether the fundraiser was at his house. Dunlevy lent his backyard to the official listed hosts of the Scott event, another person explained. Also attending the party was Gary Cohn, who served as director of the National Economic Council in 2017-18.

Persons: Tim Scott, Joni Ernst, Republican Sen, Trump, Frank Dunlevy, Cowen, invitees, Dunlevy, Scott, Gary Cohn, Cohn Organizations: Republican, U.S, Hamptons, Wall Street, CNBC, National Economic Council Locations: Des Moines , Iowa, U.S, Hampton, East Hampton

☆ Barclays downgrades Tesla, says investors should take profits after the stock's massive rally
▼ + stars: | 2023-06-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

It's time to take some profits after Tesla's recent rally, Barclays said Wednesday. After seeing some downward pressure following its first-quarter earnings report in April, Tesla has surged 80% from that month's lows. "We believe the stock's recent rally can be best explained by the market's current AI-driven thematic trade, as well as excitement over recent announcements to open the TSLA Supercharger network to other brands," he said in a note to clients Wednesday. "Yet while we aren't surprised that the stock has participated in the rally, we believe it is prudent to move to the sidelines." But he said right now, fundamentals may be overlooked as investors buy into stocks with exposure to artificial intelligence amid skyrocketing interest in the technology.

Persons: Dan Levy, Tesla, Levy, there's, Linda Yaccarino, — CNBC's Michael Bloom Organizations: Barclays, Nasdaq, Nvidia, CNBC

☆ Bowlero, the public company that reimagined bowling, faces dozens of discrimination claims that the feds want to settle for $60 million
▼ + stars: | 2023-05-11 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +19 min

The 73 EEOC claims brought by individual former employees against the company sparked the larger pattern or practice investigation into age discrimination. Only a fraction of EEOC age discrimination complaints — 2.8% in fiscal 2021 — resulted in reasonable cause determinations, EEOC data show. It went from running six bowling alleys to 272 overnight after it acquired AMF, which was then the largest bowling company in the world and was in bankruptcy. The following year, Shannon's company acquired the Brunswick Corporation, the second-largest bowling company in the world, and changed his company's name to Bowlero. Dowe said negotiations fell apart when Bowlero countered the EEOC's $60 million settlement proposal with a proposal of $500,000.

☆ A filmmaker risked sniper fire to capture the Ukraine war for a powerful documentary, and the new trailer just dropped
▼ + stars: | 2023-04-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Russia's unprovoked war in Ukraine has been ongoing for nearly 14 months. Levy, 74, filmed on battlefields across the country — from Kharkiv in the northeast, Kherson in the south, and the capital city Kyiv. Insider also interviewed Levy this week to discuss his experience while reporting in Ukraine, what he observed on the ground, and his overall thoughts on the war. Courtesy photoQ: Ukraine has sustained huge casualties in defending itself, as you document. Courtesy photoQ: Are you concerned that support for Ukraine is becoming increasingly unfashionable in France and the West more generally?

☆ Senior Meta ads exec departs amid efficiency drive
▼ + stars: | 2023-03-22 | by ( Katie Paul | ) www.reuters.com time to read: +3 min

"I made this decision slowly (over the last 2+ years) and then all of a sudden," he wrote. A Meta spokesperson confirmed Levy's departure and said business messaging would remain a strategic priority and area of investment for the company this year. The business messaging project he heads has been flagged by Zuckerberg for growth potential, although he was replaced last year as overall head of ad and business products. Previously, Levy ran Meta's ads and business products division, now called Monetization. Another ads VP on the sales side, Michelle Klein, also announced this week that she was leaving.

☆ Barclays says buy Tesla shares, sees 30% rally in the 'clear leader' of the electric transition
▼ + stars: | 2023-02-14 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Barclays initiated coverage of Tesla shares with an overweight rating after the bell on Tuesday, saying shares of Elon Musk's electric vehicle maker should rebound this year because of its relative financial strength and lead in software. Tesla shares lost 65% of their value in 2022, but have been on a tear this year. "We believe Tesla remains the clear leader in the race to EV transition – reinforced by the market amid the sharp recovery recently seen by TSLA," wrote Levy. TSLA 1Y mountain Tesla 1-year Levy launched coverage on the U.S. auto and mobility industry and holds a neutral view of the space overall, citing recession pressures. Barclays likes five other stocks as buys in the space: Rivian , Adient , Borgwarner , Mobileye and Aptiv .

☆ 5 top sports-betting execs share what they got right and wrong about the industry this year and their predictions for 2023
▼ + stars: | 2022-12-23 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +2 min

Betr founder and CEO Joey Levy thought we'd see more M&A this year, but says it's a preview for what we'll see more of in 2023. Betr founder and CEO Joey Levy. Simplebet cofounder Joey Levy is banking that the "idea of making every moment in a sporting event an accessible betting opportunity," which is known as microbetting, is the future of US sports betting. His predictions for 2023: "2022 is a good preview for what you're going to see a lot more of in 2023. I also think we'll see a lot of focus on product innovation.

☆ ECB warns of potential impact on economy from Spanish banking tax
▼ + stars: | 2022-11-03 | by ( Jesús Aguado | ) www.reuters.com time to read: +3 min

Two sources with direct knowledge of the matter told Reuters last month that the ECB was set to warn of the adverse impact on Spanish banks' solvency and of a higher cost of credit. In that context, lenders could become "less able to absorb the potential downside risks of an economic downturn." The banking tax includes a 4.8% charge on banks' net interest income and net commissions above a threshold of 800 million euros, leaving out smaller Spanish lenders and the units of foreign banks in Spain. On this issue, the ECB said that the application of the levy only to certain Spanish lenders could distort market competition and impair a level playing field. Though the Spanish legislation bill aims to avoid passing on the costs to clients, the ECB said it "generally expects lenders to reflect in loan pricing all relevant costs, including tax considerations".

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