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☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

☆ Is America ready for a $400 pineapple? Luxury fruit is now a thing
▼ + stars: | 2024-05-19 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +9 min

The Rubyglow pineapple –— bred for its distinctive red exterior and its sweetness — costs $395.99 at Melissa’s Produce, a California-based seller of specialty fruit and veggies. It took Del Monte, a wholesaler which sells a variety of produce but specializes in pineapple, a decade and a half to develop the red-hued fruit. And yet, there’s interest in premium fruit — enough to convince Del Monte to bring the Rubyglow, which is grown in Costa Rica, stateside. Courtesy Fresh Del MonteThe Pinkglow was never supposed to be a grocery list staple, said Melissa Mackay, VP of marketing in North America at Del Monte. Melissa’s started with 50 pineapples, according to Robert Schueller, director of public relations at Melissa’s Produce.

Persons: Del, ”, Cindy van Rijswick, “ there’s, Cotton Candy, McIntosh, Jim Luby, Patrick T, Fallon, Luby, Lane Turner, Oishii, Hiroki Koga, Jerod Harris, Melissa Mackay, “, It’s, Melanie Zanoza Bartelme, pricey, Hailey, Strawberry, it’s, Melissa’s, Robert Schueller, ” Schueller, Bo Corley, ” Corley, Corley Organizations: New, New York CNN, “, University of Minnesota, Getty, Rabobank, Citrus, Boston Globe, Vox Media, Del, Mintel, Melissa’s Locations: New York, California, Del Monte, China, United States, America, Costa Rica, AFP, Minnesota, Beverly Hills , California, North America, Erewhon, Angeles, Las Vegas, Southern California

☆ Donald Trump addresses an embattled NRA as he campaigns against Biden’s gun policies
▼ + stars: | 2024-05-18 | by ( Steve Contorno | Daniel Strauss | ) edition.cnn.com time to read: +9 min

Significantly less clear, though, is how much the NRA can help Trump’s bid to win the White House once again. “Donald Trump is winning no new voters when he boasts about doing nothing about gun violence during his presidency. Period,” said Nick Suplina, a senior vice president at Everytown for Gun Safety, a group founded in the aftermath of the 2012 Sandy Hook Elementary School shooting. Suplina said Trump’s NRA appearance “shows that both the organization and the man are a bit desperate for each other. Among both gun safety advocates and gun rights groups, there’s little disagreement about the stakes in 2024.

Persons: Donald Trump, Trump, Wayne LaPierre, It’s, ”, “ It’s, I’ve, ” Trump, Kristi Noem, Donald Trump Jr, Joe Biden’s, Bryan Lanza, “ Donald Trump, ” Lanza, “, Biden, Nick Suplina, Sandy, Suplina, Aidan Johnston, Johnston, ” Suplina, ” Biden, Karoline Leavitt, CNN’s Kristen Holmes, Alayna Treene Organizations: Dallas CNN —, National Rifle Association, NRA, White House, New, Political, Mar, CNN, North Dakota Gov, Libertarian Party, Republican, Trump, Biden, Safety, Sandy Hook Elementary, Gun Owners of America, White, U.S Locations: New York, Manhattan, Jersey, Washington ,, Minnesota, United States, Wyoming, Pennsylvania, Parkland , Florida

☆ Some consumers are punting big purchases like pools and mattresses
▼ + stars: | 2024-05-18 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

Rachel Wisniewski | ReutersAmericans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. "As a result, consumers continue to scrutinize their spending and make near-term decisions based primarily on need, price and perceived value. But those options have fallen out of favor as interest rates rose. He also cited increased interest rates as another weight on their shoulders. Lofty interest rates have also hampered housing improvement efforts for those staying put, according to Home Depot .

Persons: Rachel Wisniewski, Joe, Shelly Ibach, Ibach, FactSet, Mark Mathews, Platt, J, Mitchell Dolloff, Dow Jones, it's, Mathews, Enphase, Badri Kothandaraman, Marc Bitzer, Patrick T, bode, Robert Ohmes, Richard McPhail, It's, McPhail Organizations: Reuters, Reserve, Prosper, National Retail Federation, San Francisco Fed, New York Fed, Management, Commerce Department, Consumers, Whirlpool, Fallon, Bloomberg, Getty, Bank of America, CNBC Locations: Gilbertsville , Pennsylvania, Minneapolis, U.S, California, Torrance , Calif, Minnesota

☆ Millennials have a fresh take on the FIRE movement, and it's less about taking it easy in retirement
▼ + stars: | 2024-05-18 | by ( Noah Sheidlower | Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

BI spoke to a dozen millennials who have achieved or are on track to achieve financial independence. Brad Barrett, the host of the "ChooseFI" podcast, said "vanishingly few" people with the wherewithal to reach financial independence are retiring early. AdvertisementHe argued that achieving financial independence and hitting a specific number is "the simplest part." Advertisement"I defined myself by the pursuit of financial independence," Sabatier, the author of "Financial Freedom," said. Don't delay figuring out what you really want, why you're pursuing financial independence, and what you want to do after."

Persons: Jace Mattinson, Mattinson, Jace Mattison, Jace Mattison Mattinson, Motley, they're, Millennials, millennials, Scott Rieckens, Brad Barrett, you've, Bill Schaninger, Naina Dhingra, Schaninger, Mitch, —, Brian Luebben, Grant Sabatier, Sabina Horrocks, She's, she'd, Michelle Schroeder, Gardner, Wes, I'm, Lauren, Steven Keys, Steven, you'll, We're Organizations: he'd, Business, FIRE, Facebook, McKinsey, FI, Academy, Marketing Locations: Austin, Minnesota

☆ Election Updates: After a week in court, Trump steps out to Minnesota and Texas. Next up, the Bronx.
▼ + stars: | 2024-05-18 | by ( Katie Glueck | Maggie Haberman | ) www.nytimes.com time to read: +2 min

Former President Donald J. Trump, who has been spending much of his time recently as a criminal defendant in a Manhattan courtroom, will be in a different New York borough next Thursday, when he will hold a campaign event in the Bronx. But Mr. Trump’s aides have been discussing an event in the South Bronx for weeks. Last month, in his first campaign stop since the start of the trial, Mr. Trump visited a bodega in Harlem, attacking the district attorney prosecuting him and casting himself as tough on crime. The former president told donors at a Manhattan fund-raiser this week that he was planning something in the South Bronx, making a joke that he might get hurt in the neighborhood. You may never see me again,” he said, prompting laughter, according to an attendee who spoke on the condition of anonymity to describe the private event.

Persons: Donald J, Trump, Biden, Trump’s, “ We’re, ”, Ritchie Torres, Donald Trump, Mr, Torres Organizations: Republican, ”, New York Democrat, Bronx Locations: Manhattan, New York, Bronx, Crotona, South Bronx, New York City, bodega, Harlem

CNN —Alice Stewart, a veteran political adviser and CNN political commentator who worked on several GOP presidential campaigns, has died. Law enforcement officials told CNN that Stewart’s body was found outdoors in the Bellevue neighborhood in northern Virginia early Saturday morning. She went on to serve as the communications director in then-Arkansas Gov. Most recently, Stewart was the communications director for Texas Sen. Ted Cruz’s 2016 GOP campaign. David S. HollowaySpeaking about her role as a commentator for the network, Stewart told Harvard Political Review in 2020 that she brings “a perspective that I think CNN appreciates.”“My position at CNN is to be a conservative voice yet an independent thinker,” Stewart said.

Persons: Alice Stewart, “ Alice, ” Mark Thompson, “, ” Stewart, Stewart, Mike Huckabee’s, Michele Bachmann, Pennsylvania Sen, Rick Santorum, Texas Sen, Ted Cruz’s, Wolf Blitzer, ”, ” Blitzer, Jessica Dean, ” Suzanne Malveaux, Charles Blow, David S, “ I’m, Trumper, Maria Cardona, she’s, ” Cardona, Alice, Credit Union Cherry, CNN’s Kayla Gallagher Organizations: CNN, Harvard International, Arkansas Gov, Minnesota, Texas, GOP, CNN Grill, Convention, Harvard, Trump, “ CNN, Institute of Politics, Harvard University’s Kennedy School, TCS New York City Marathon, Credit Union, Credit Union Cherry Blossom Locations: Bellevue, Virginia, Atlanta, Georgia, Rock , Arkansas, Pennsylvania, Charlotte , North Carolina

☆ I'm a Canadian who's lived in the US for over 30 years. I don't get why so many Americans want to move to Canada.
▼ + stars: | 2024-05-18 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Our money was worth more back then, so we got more value for our Canadian dollar when we went shopping in the States. She was an American living in Atlanta and said, "Hey, why don't you come and spend the winter with me?" It almost seemed like Canada was 10 or 20 years behind, progressive-wise — and I don't mean politically. The amenities, the shopping, the food, and the restaurants in Canada are way behind if you're outside Vancouver or Toronto. I don't see why Canada is so appealing to AmericansCanada used to be an admired country worldwide, and now it's horrible.

Persons: —, Jim D, Zeppelin, Mason, Dixon, I've, I'm Organizations: Service, Business, Fort Frances, Gas, Toyota, Healthcare, Ontario Health Insurance Locations: Canadian, Arizona, Flagstaff, Phoenix, Fort Frances , Ontario, International Falls , Minnesota, America, Fort, Minnesota, Africa, Tanzania, Canada, American, Atlanta, Vancouver, Toronto, Birmingham , Alabama, New Orleans, Baton Rouge , Louisiana, Jackson , Mississippi, Houston, Texas , New Mexico , Arizona , California, Hawaii, Ontario, United States, In Ontario, Fort Frances, Thunder Bay , Ontario, Thunder, Thunder Bay

☆ In Dubai, this English teacher ditched the 9 to 5 to lead treks across the desert
▼ + stars: | 2024-05-17 | by ( Leah Collins | ) edition.cnn.com time to read: +6 min

A few years later she turned it into a business called UAE Trekkers, running weekend hikes while she continued teach English in the week. A lot of people don’t realize that there’s so much nature here – they’re blown away.”Amy Subaey, founder of UAE Trekkers. From this, UAE Trekkers developed a “student- centered” approach that caters to new hikers, from the classroom to the trails. UAE Trekkers’ hikes include a sunset trek across the Liwa desert in Abu Dhabi, a location used in “Dune Part Two.” UAETrekkers FZ LLCPlanning aheadBut even hikes aimed at beginners can require extensive planning. UAE Trekkers’ certified guides provide hikers with coaching on how to prepare for treks, what to bring and how to make the most of the experience.

Persons: Amy Subaey, “, ” Subaey, ” Amy Subaey, Subaey, I’m, “ There’s, ” Organizations: CNN, United Arab Emirates, UAE, Warner Bros, ’, Subaey Locations: Minnesota, Bahrain, Egypt, Dubai, UAE, Dubai Subaey, Hatta, Sharjah, Fujairah, Oman, Abu Dhabi, Lima

☆ Trump Visits Minnesota, Hoping Its Political Divide Will Put It in Play
▼ + stars: | 2024-05-17 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

On Friday, the former president will be back, speaking at a fund-raising dinner for the Minnesota Republican Party in St. Paul that is open only to paying guests and invited media. Whether the visit is a feint to draw Democratic dollars to the state or a true effort to expand the electoral map, only the Trump campaign knows. But it is a moment to look at the stark divisions in a state where the urban and rural political and social gulf is particularly vast. “Look, I was on the ballot in 2016 when Trump first ran. We’re all going to have to work really, really hard this year.”

Persons: Donald J, Trump, Hillary Clinton, Paul, ”, Angie Craig Organizations: Minnesota Republican Party, Trump Locations: Minnesota, St, Minneapolis, Paul

☆ Justice Samuel Alito blames upside-down American flag on his wife and a flap with neighbors
▼ + stars: | 2024-05-17 | by ( John Fritze | Holmes Lybrand | ) edition.cnn.com time to read: +7 min

Alito said that a neighbor had posted a sign saying “F**k Trump” near a school bus stop and then a sign attacking his wife, Martha-Ann Alito. The upside-down flag was a symbol for former President Donald Trump’s supporters who falsely claimed widespread fraud in the presidential election. A spokeswoman for the Supreme Court has not respond to CNN’s requests for comment. “Flying an upside-down American flag — a symbol of the so-called ‘Stop the Steal’ movement — clearly creates the appearance of bias,” Durbin said in a statement. Renewed calls for ethics reformThe Supreme Court is weighing major cases this term tied to the 2020 election and the attack on the Capitol.

Persons: Samuel Alito, Alito, Martha, Ann Alito, Fox, Donald Trump’s, Tim Walz, “ I’m, Joe Biden’s, “, ”, “ It’s, Trump, Hank Johnson, Clarence Thomas, ” MAGA, Thomas, ” Johnson, ” Sen, Dick Durbin, ” Durbin, Sen, Tom Cotton, Carolina Sen, Lindsey Graham, Jack Smith’s, John Roberts, Sheldon Whitehouse, ” Whitehouse, Roe, Wade, Renee Knake Jefferson, ” Jefferson Organizations: CNN, Fox News, Trump, Democratic, Capitol, Minnesota Gov, New York Times, Times, Gadsden, Georgia Democrat, Committee, Illinois Democrat, Republicans, Arkansas Republican, Republican, Congress, Supreme, Rhode, Rhode Island Democrat, ”, University of Houston Law Center Locations: Minnesota, Alexandria , Virginia, Washington, DC, Georgia, House, Arkansas, ”, Carolina, Rhode Island

☆ These 61 House Democrats voted against a resolution that condemns calls to defund the police
▼ + stars: | 2024-05-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

The House passed a resolution on Friday condemning calls to defund the police. 61 House Democrats voted against it. The resolution also blamed progressive policies for an uptick in violence against cops. AdvertisementThe House of Representatives easily passed a resolution by a 337-61 margin on Friday that condemned calls to defund the police and blamed progressive policies for an uptick in violence against officers. 61 House Democrats voted against the resolution, while 134 — along with other Republicans present — voted for it.

Persons: —, Pete Stauber Organizations: Service, Republican Rep, Business Locations: Minnesota

☆ Election Updates: Trump will speak at a Minnesota fund-raiser, hoping the state’s political divide will put it in play.
▼ + stars: | 2024-05-17 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +6 min

On Friday, the former president will be back, speaking at a fund-raising dinner for the Minnesota Republican Party in St. Paul that is open only to paying guests and invited media. Whether the visit is a feint to draw Democratic dollars to the state or a true effort to expand the electoral map, only the Trump campaign knows. The Trump campaign believes it can capitalize on — or foment — a backlash to the leftward march of the Twin Cities and still-fresh memories of the unrest after the killing of George Floyd. “We have a real opportunity to expand the map here,” Chris LaCivita, a senior Trump campaign adviser, told The Associated Press ahead of Mr. Trump’s visit. In an interview with a conservative radio station in March, Mr. Trump falsely claimed he won Minnesota in 2020.

Persons: Donald J, Trump, Hillary Clinton, Paul, ”, Angie Craig, Richard M, Nixon, Trump’s, Clinton, Biden, “, Pete Stauber, Donald Trump, Dean Phillips, Phillips, Mr, Jack Rendulich, Collin Peterson, Rick Nolan, Stauber, Tim Walz, George Floyd, Ilhan Omar, Floyd’s, Chris LaCivita, Jim Manley, Barack Obama, Tim Pawlenty, Minnesota’s Organizations: Minnesota Republican Party, Trump, Republican, Republicans, Democratic, ”, Democrat, Mr, Associated, Agriculture, Democratic Socialists of America, City Council, Democrats, Twin, Alpha, Associated Press, North, North Carolina, Midwest, Minnesota Locations: Minnesota, St, Minneapolis, Paul, ” Minnesota, Northeast Minnesota, Twin Cities, Democratic, City, Gaza, North Carolina, Illinois

☆ Step aside, Ozempic — Zyn is the new (delusional) weight-loss quick fix
▼ + stars: | 2024-05-17 | by ( Mia De Graaf | Hilary Brueck | ) www.businessinsider.com time to read: +8 min

Now, Zyn users are buzzing about another purported side effect: Some claim that their habit has triggered weight loss. Andrea Hernández, author of consumer trend newsletter Snaxshot, pointed out this craze this week, sharing a collection of social media posts about Zyn and weight loss. "I've used Zyn nicotine pouches occasionally over the past few years but have started to use them regularly because they help me focus and curb my hunger," a Reddit user wrote in r/intermittentfasting. While nicotine pouches circumvent the health effects of cigarettes that are caused by tobacco, they still do a number on your body. She worries that "we don't fully understand how nicotine works to regulate appetite in people, specifically with obesity."

Persons: —, Tucker Carlson, Carlson, Andrea Hernández, I've, Carolyn Bramante, Bramante, vapes, Slim, Apple AirPods, Philip Morris, Forget, I'm, Elon Musk, Charles Barkley, Hernández, Michael M, Beverly Tchang, Tchang, Iuliia Burmistrova Organizations: Service, Business, University of Minnesota, FDA, Lucky, Samsung, Getty, Weill, Philip Morris International, Swedish Locations: New York

☆ Dow crosses 40,000 for the first time
▼ + stars: | 2024-05-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —The Dow broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report. It also highlights a notable contrast between sentiment on Wall Street and Main Street. Dow 100: The Dow first closed in triple digits in January 1906. The Dow nearly matched that in 2017, rising 25%. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.

Persons: Dow, stoking, ”, Gary Pzegeo, John Williams, Tom Barkin, ” Tyler Schipper, Thomas, Hogan, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Markets, Federal Reserve, Bureau of Labor Statistics, CIBC Private Wealth, ”, Walmart, Airlines, Big Tech, York Fed, Reuters, Richmond Fed, Dow, University of Michigan, CNN, CPI, University of St, Riley Financial, Wall, Microsoft, Chevron, Traders, New York Stock Exchange, Getty, Federal, Woolworth, Eastman Kodak Locations: New York, United States, Minnesota, Chevron —, AFP

☆ Meet a couple with 5 kids who are barely making it despite working 4 jobs: 'It shocks me that $100k feels like poverty'
▼ + stars: | 2024-05-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

April Schultz, 40, and her husband Kevin, 45, bring in $130,000 a year in gross income combined between their four jobs and side gigs. Still, Schultz said it shocks her that such an income "feels like poverty." "We shouldn't have to have four jobs in one family," Schultz said. She said that while there are job opportunities in her area, most don't pay enough for the area's cost of living. They both anticipate downsizing once their kids have moved out and relocating to a more rural and cheaper place.

Persons: Schultz, Kevin, — Schultz, ALICE —, Stephanie Hoopes, United For ALICE, She's, Louis, she's, there's, We've, they're, they've, hasn't, It's, we've Organizations: Service, Costco, United For, Department of Defense, Scott Air Force Base, Amazon, Netflix, USDA, Aldi, Sam's Locations: California , Arizona, Minnesota, Idaho, Mascoutah , Illinois, St, Illinois, Missouri

☆ NBA playoffs: Nikola Jokić erupts for 40 points as Denver Nuggets take 3-2 series lead over Minnesota Timberwolves
▼ + stars: | 2024-05-15 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Newly crowned three-time NBA Most Valuable Player (MVP) Nikola Jokić put on a show and proved why he is the rightful recipient of the award in the Denver Nuggets’ 112-97 playoff victory over the Minnesota Timberwolves on Tuesday. So good was Jokić’s performance that teammates and opponents alike were lavishing him with praise after the game. He’s the best player in the NBA, he showed it the last three games, three games in a row. Only five teams in NBA history have come back to win a best-of-seven series when losing the first two at home. Brunson, who bounced back impressively after a poor showing in Game 4, also added seven assists and four rebounds.

Persons: Nikola Jokić, Rudy Gobert, Aaron Gordon, “, ”, Anthony Edwards, Jokić “, ” “, ” Edwards, He’s, ” Gordon, Jamal Murray, Karl, Anthony Towns, Edwards, Garrett Ellwood, “ Nikola, Michael Malone, Brunson, Pacers Jalen Brunson, LeBron James, Pascal Siakam, Tyrese Haliburton Organizations: CNN, Denver Nuggets, Minnesota Timberwolves, Denver, Nuggets, ESPN, “, NBA, Timberwolves, Western, Knicks, Pacers, New York Knicks, Indiana Pacers, Eastern Locations: Serbian, Minnesota, Minneapolis, Indianapolis, Indiana

☆ Average annual child care costs twice as much as rent in 11 states and the District of Columbia
▼ + stars: | 2024-05-15 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —If you think the rent is too damn high, wait until you get the bill for child care. And the tab exceeded annual typical mortgage payments in 45 states, plus the District of Columbia, according to Child Care Aware. Nationwide, the average annual cost of care rose to $11,582 per child last year, up 3.7% from the prior year. Further exacerbating the shortage was the continued disappearance of licensed child care providers who operate out of their homes. Also, another $15 billion federal pandemic infusion for child care and development block grants, which states use to subsidize child care for working families, will expire this coming September.

Persons: that’s, Sandra Bishop, ”, Anne Hedgepeth Organizations: CNN, District of Columbia, of Columbia, Care, Nationwide, US Department of Health, Human Services, Care Aware’s, Century Foundation Locations: Illinois , Indiana , Iowa , Kansas , Massachusetts, Minnesota , Nebraska , Pennsylvania, Rhode Island , Vermont, Wisconsin

☆ Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and more
▼ + stars: | 2024-05-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Chubb became Berkshire's ninth biggest holding at the end of March, according to a new regulatory filing. AST SpaceMobile — Shares rocketed 33%. Cisco Systems — Shares jumped nearly 5% after the IT giant reported fiscal third-quarter adjusted earnings of 88 cents per share on revenues of $12.70 billion. The results topped analysts' estimates for earnings of 82 cents per share on revenues of $12.53 billion, according to LSEG. Palo Alto Networks — The cybersecurity company saw its stock rise 1% after announcing it will buy cloud security software assets from IBM .

Persons: Chubb, Berkshire Hathaway, Riley, Hawkins —, — CNBC's Scott Schnipper Organizations: AST, Cisco Systems —, Riley, Management, Alto Networks, IBM, Palo Alto Locations: Zurich, Los Angeles, Hawkins — The Minnesota, Palo

☆ PGA Championship: When Y.E. Yang became ‘The Tiger Killer’ to clinch Asia’s first men’s major trophy
▼ + stars: | 2024-05-15 | by ( Jack Bantock | ) edition.cnn.com time to read: +13 min

Tiger Woods, world No. Yang?’Despite his giant-slaying efforts, Yang was still relatively unknown when he pitched up to PGA Tour qualifying school the following season. Yang clinched his first PGA Tour title on his fourth start of the season at the Honda Classic to join K.J. Streeter Lecka/Getty Images“I wasn’t that nervous because it’s a game of golf,” Yang told reporters. The 24-year-old American stamped a last-minute ticket to Valhalla with his first PGA Tour victory at the inaugural Myrtle Beach Classic on Sunday.

Persons: Yang, –, Woods, ”, Joe, Mike Douglas, Yang –, Joe ”, fatefully, Yang toasts, ’, “, ” AJ Montecinos, texted, “ I’d, ” Montecinos, Montecinos, Jamie Squire, Choi, Montecinos –, Charles Baus, It’s, you’re, – it’s, Streeter Lecka, ” Yang, “ It’s, ” Woods, I’m, Hideki Matsuyama’s, Yang …, Christian Petersen, Montecinos ’, Chris Gotterup, Wanamaker, Tiger Organizations: CNN, Korean –, Hazeltine, Augusta National, –, CBS, European, HSBC, PGA Tour, PGA, Honda, K.J, Koreans, South Korean, Woods, Tiger, Hong, Korean, Southern Hills, Myrtle Beach Locations: Chaska , Minnesota, Jeju, Korea, Asia, Shanghai, China, Korean, Texas, San Antonio, Hazeltine, Woods, Hong Kong, Tulsa , Oklahoma, Valhalla, Kentucky

☆ The Solar Storm Fried GPS Systems Used by Some Farmers, Stalling Planting
▼ + stars: | 2024-05-13 | by ( Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

The powerful geomagnetic storm that cast the northern lights’ vivid colors across the Northern Hemisphere over the weekend also caused some navigational systems in tractors and other farming equipment to break down at the height of planting season, suppliers and farmers said. Many farmers have come to rely on the equipment, which uses GPS and other navigational technology and helps them to plant more efficiently and precisely by keeping rows straight and avoiding gaps or overlap. In Minnesota, some farmers who had planned to spend Friday night sowing seeds were hamstrung by the outages. “I’ve never dealt with anything like this,” said Patrick O’Connor, the owner of a farm about 80 miles south of Minneapolis that mainly grows corn and soybean. Mr. O'Connor said that after being rained out for two weeks, he got into his tractor around 5 p.m., hoping to spend the night planting corn.

Persons: I’ve, ”, Patrick O’Connor, O'Connor Organizations: Northern Hemisphere Locations: United States, Canada, Minnesota, Minneapolis

☆ U.S. Awards $120 Million to Chipmaker to Expand Facility in Minnesota
▼ + stars: | 2024-05-13 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +1 min

Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday, the latest in a string of awards meant to strengthen the U.S. supply of semiconductors. Commerce Department officials said the grant would help Polar upgrade technology and double production capacity at its facility in Bloomington, Minn., within two years. The company produces chips that are critical for cars, defense systems and electrical grids, federal officials said. “We are making taxpayer dollars go as far as possible while crowding in private and state investment to create jobs, secure our supply chains and bolster manufacturing in Minnesota,” said Laurie Locascio, the under secretary of commerce for standards and technology. The law gave the Commerce Department $39 billion to distribute to companies to incentivize the construction and expansion of new plants in the United States.

Persons: Biden, ”, Laurie Locascio Organizations: Polar Semiconductor, Commerce, Commerce Department Locations: Minnesota, Bloomington, Minn, United States

Learn moreThe 2024 WNBA season tips off this week, and we've put together everything you need to know about how to get WNBA tickets. The WNBA season will run from May 14 to September 19, so there's plenty of time to catch a game. TeamsBelow is a breakdown of every WNBA team and the cheapest available tickets for each team's 2024 season. At the time of writing, the cheapest available tickets across the WNBA are usually for Indiana Fever home games. Overall, the cheapest WNBA resale tickets for each team range from $4 to $12, although the average cheapest available tickets for each team are around $50.

Persons: we've, you've, Sue Bird, Caitlin Clark, Angel Reese, Cameron Brink, Kamilla Cardoso, Clark, Reese, Cardoso, Los Angeles Sparks, We've Organizations: Business, NCAA, Indiana Fever, Chicago Sky, Los Angeles, WNBA, Vivid, Angeles Sparks, Las Vegas Aces, Minnesota Lynx, New York Liberty, Connecticut Sun, Dallas Wings, Seattle Storm, Washington Mystics, Phoenix Mercury, Atlanta Dream, Ticketmaster, ABC, ESPN, CBS, ION, NBA

☆ The Home Insurance Crunch: See What’s Happening in Your State
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +4 min

The Home Insurance Crunch: See What’s Happening in Your StateAs climate change makes disasters more frequent and severe, the insurance industry is in tumult. Even in the Northeast, where homeowners insurance was still generally profitable last year, trends are worsening. In the state of Profitability of homeowners insurance in Iowa Source: AM Best Ratio of revenue to costs for homeowners insurance statewide. To measure the financial health of the homeowners insurance industry, The New York Times assembled data that compares revenues with costs for insurers in each state. The data show that homeowners insurance was unprofitable in 18 states last year, up from eight in 2013.

☆ As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +28 min

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