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☆ Truth Social owner Trump Media asks Congress to investigate ‘troubling’ market manipulation claims
▼ + stars: | 2024-04-24 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. Nunes suggested there are signs of “naked” short selling, which involves someone selling shares they don’t own or have not borrowed. Jay Ritter, a finance professor at the University of Florida, said there are more obvious explanations for why some traders are betting against Trump Media. Last week, Nunes wrote a letter to Nasdaq, where Trump Media shares trade, alerting the exchange to concerns about market manipulation.

Persons: New York CNN —, Devin Nunes, ” Nunes, Nunes, ” Jonathan Macey, Jay Ritter, ”, Jay Ritter, Ritter, Jane Street, Ken Griffin, “ Devin Nunes, ‘ Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Truth Social, Trump Media, Financial Services, Republican, Traders, Yale Law School, CNN, University of Florida, ” Trump Media, Trump, Citadel Securities, Virtu, Jane, Capital, Citadel, Nasdaq, CNBC Locations: New York, California, Virtu Americas, America

☆ Truth Social: Donald Trump is on the verge of another $1 billion windfall
▼ + stars: | 2024-04-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track to receive another 36 million shares as the owner of Truth Social. Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices. Of course, Trump Media’s share price is subject to extreme volatility, meaning the value of this stake can swing wildly. ‘Grossly overvalued’Even though Trump Media’s share price has retreated since spiking to $66 last month, experts warn it remains overvalued based on fundamental metrics. Ritter, who has been studying IPOs for four decades, expects Trump Media’s share price to eventually plunge to just $1 or $2 per share.

Persons: Donald Trump, Trump, ”, Michael Ohlrogge, ‘, Matthew Kennedy, Kennedy, Jay Ritter, University of Florida . Ritter, Peter Byrne, Cooley Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trump, SEC, NYU School of Law, Renaissance, Facebook, Meta, University of Florida, NYU Locations: New York

☆ Long-time quant bigwig Neil Chriss is out at Paloma after just 11 months. It was a year of big hires, a restructuring, and new New York digs.
▼ + stars: | 2024-04-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chriss — who joined the long-running quant-focused multi-strategy firm in May of 2023 — is "no longer with Paloma," according to a letter sent to the firm's investors Monday. Chriss had been at Millennium for five years prior to joining Paloma and founded his own hedge fund, Hutchin Hill, in 2007. Paloma declined to comment on the rationale for his departure, and Chriss did not respond to requests for comment. But it was not all growth for Paloma while Chriss was at the helm.

Persons: —, Neil Chriss's, Paloma, Chriss —, Chriss, Donald Sussman, Ravi Singh, Goldman Sachs, Chris LaSusa, LaSusa, Steve Cohen, Shaw, Ritter Organizations: Service, Paloma, Business, Industry, Intelligence, Goldman, KCL, D.E, Capital, Ritter Alpha Locations: Hill, Greenwich, New York, Manhattan, Minnesota

☆ Lufthansa just got its first Airbus A350 fit with its upgraded Allegris cabin — which will soon include first class with a double bed. See inside.
▼ + stars: | 2024-04-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

Lufthansa is launching its new "Allegris" cabin on Airbus A350 planes starting in May. Allegris represents a new era of comfort for Lufthansa and will initially serve Canada and the US. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On Sunday, Lufthansa Airlines CEO Jens Ritter announced on LinkedIn the delivery of the airline's first-ever Allegris-equipped airplane — an Airbus A350, registered D-AIXT and nicknamed Leipzig. This story is available exclusively to Business Insider subscribers.

Persons: Allegris, —, Jens Ritter Organizations: Lufthansa, Airbus, Service, Sunday, LinkedIn, North America, Business Locations: Canada, Leipzig, North, Vancouver, Toronto

☆ Coral bleaching: Ocean heat is driving a mass bleaching event, and it could be the worst on record
▼ + stars: | 2024-04-15 | by ( Rebecca Wright | ) edition.cnn.com time to read: +6 min

CNN —Coral reefs around the world are experiencing a mass bleaching event as the climate crisis drives record-breaking ocean heat, two scientific bodies announced Monday — with some experts warning this could become the worst bleaching period in recorded history. If ocean temperatures don’t return to normal, bleaching can lead to mass coral death, threatening the species and food chains that rely on them with collapse. Professor Ove Hoegh-Guldberg, a climate scientist specializing in coral reefs based at the University of Queensland in Australia, predicted this mass bleaching event months ago. In February, scientists at the Coral Reef Watch program at NOAA added three new alert levels to the coral bleaching alert maps, to enable scientists to assess the new scale of underwater warming. Bex Wright/CNNIn mid-February, CNN witnessed extensive coral bleaching on Australia’s Great Barrier Reef – the world’s largest coral reef system – on five different reefs spanning the northern and southern areas.

Persons: ” Derek Manzello, Ove Hoegh, “, Guldberg, ”, Lillian Suwanrumpha, Niña, El, Manzello, ” Manzello, Lady Elliot, Bex Wright, Selina Stead, ” Stead, David Ritter Organizations: CNN, Atlantic, National Oceanic, Atmospheric Administration, Reef, Reef Watch, Pacific, University of Queensland, NOAA, Getty, Niña, Australian Institute of Marine Science, Park Authority, AIMS, UN, Greenpeace Locations: Pacific, Florida, Caribbean, Mexico, Brazil, Australia, Persian Gulf, Indonesia, Africa, Seychelles, Raja Ampat, Indonesia's West Papua, AFP, El, Lady, Greenpeace Australia

☆ Amazon’s cashier-less technology was supposed to revolutionize grocery shopping. It’s been a flop
▼ + stars: | 2024-04-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

But now, Amazon is walking back its “Just Walk Out” technology at its grocery stores, reining in grand promises of an automated, friction-less checkout. Customers just haven’t bought into cashier-less technology, especially in grocery stores where they purchase larger quantities and face extra tasks such as weighing produce. Customers entered Fresh stores using Amazon One palm recognition, the app or a credit or debit card. Amazon Fresh strugglesThe tech giant opened its first Amazon Fresh store in 2020, and has more than 40 locations across the US. But Amazon Fresh has faced setbacks since it debuted, including challenges getting shoppers to buy groceries in its Amazon Fresh grocery stores, and it laid off workers.

Persons: Amazon, haven’t, ”, they’ve, Andy Jassy, “ We’ve, Nathaniel Meyersohn, Moira Ritter Organizations: New, New York CNN, Amazon, Fresh, CNN, Dollar, Walmart, Costco, Foods Locations: New York, India, Washington, Chicago, Southern California

☆ Premarket stocks: Warren Buffett’s favorite indicator is flashing red
▼ + stars: | 2024-03-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The “Buffett Indicator” is flashing red. If the stock market is growing a lot faster than the economy, that could be a sign of a bubble. Yes, but: The so-called Buffett Indicator is not without flaw. By the closing bell, Trump Media ended at $57.99, up by a more modest 16% on the day. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its closing stock price of $58.

Persons: Warren Buffett, Fortune Magazine “, Berkshire Hathaway, John Hussman, Hussman, Larry Summers, “, ”, Louis Navellier, Goldman Sachs, Navellier, doesn’t, Buffett, they’re, Jamie Dimon, Kevin Gordon, Charles Schwab, Elisabeth Buchwald, Donald Trump’s, CNN’s Matt Egan, Jay Ritter, Ritter Organizations: CNN Business, Bell, New York CNN, Fortune Magazine, Nvidia, Federal Reserve, Bloomberg, Navellier, Associates, “, JPMorgan, CNBC, CNN, Visa, Mastercard, Court, Eastern, of, National Retail Federation, Trading, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC Locations: New York, of New York

☆ Trump’s Truth Social is going public today. Experts warn $9 billion valuation defies logic
▼ + stars: | 2024-03-26 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

Truth Social had just 494,000 monthly active US users on iOS and Android combined in February, according to Similarweb stats provided to CNN. Even Threads had more than 10 times the number of monthly active users that Truth Social had in February, according to Similarweb. The last Trump company to go public, Trump Hotels and Casino Resorts in 1995, used the same DJT ticker symbol. Like any social media business, Truth Social faces pressure to grow its user base, expand its advertising business and build a subscription service. “If he wins in November, Truth Social will probably be the primary means of presidential communication,” said Kennedy.

Persons: Donald Trump’s, –, ”, Jay Ritter, Ritter, “, Reddit, Matthew Kennedy, Kennedy, Jonathan Macey, that’s, ’ Matthew Tuttle, Tuttle, it’s Trump, you’ve, ” “, I’m, Donald Trump, Trump, “ Donald J, TMTG, skeptically Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC, Trump, Renaissance, Truth, CNN, Facebook, Yale, Digital, Tuttle Capital Management, SEC, Trump Hotels, Casino Resorts, New York Stock Exchange Locations: New York, ”, United States

While occupying very different corners of the technology market, Reddit and Astera were the first notable venture-backed tech companies to go public in the U.S. since Instacart and Klaviyo in September. Morgan Stanley was the big winner among banks, having captured the coveted lead left spot on both IPOs. Goldman Sachs led last year's only two big venture-backed offerings, meaning it had been a long dry spell for Morgan Stanley. In the past two years, there have only been 15 tech IPOs total, according to research provided by University of Florida finance professor Jay Ritter. That came after a booming market in 2021, when 121 tech companies went public, the most since the dot-com bubble in 2000.

Persons: hadn't, Morgan Stanley, Goldman Sachs, Jay Ritter, Eric Juergens, Debevoise, Plimpton, Lynn Martin Organizations: New York Stock Exchange, Inc, Astera Labs, University of Florida, Investment, . New York Stock Exchange, CNBC Locations: U.S, Klaviyo, IPOs, .

Outside of his MAGA movement, though, the social media site is struggling to find a wider audience. It’s a critical milestone for the social media site as well as for Trump, providing a path for the former real estate tycoon’s return to Wall Street. Some conservatives, looking for an alternative to mainstream social media sites seen as hostile to their point of view, initially seemed eager to embrace Truth Social. Truth Social’s hot.”Many Republican politicians and conservative have not joined Truth Social or they post infrequently. “It’s safe to say that Truth Social has not broken into the mainstream,” said Joshua Tucker, co-director of the New York University Center for Social Media and Politics.

Persons: he’s, Nick Mirtschink, Donald Trump, Bree Duke, ” Duke, “, ” Mirtschink, Duke, MAGA, –, It’s, Trump, “ It’s, ” Jay Ritter, Donald Trump’s, ”, Josephine Lukito, ” Trump, Joe Biden’s, Devin Nunes, Glenn Youngkin’s, Megyn Kelly, Ben Shapiro, Glenn Beck don’t, Carolina Sen, Tim Scott, Matt Terrill, Florida Sen, Marco Rubio, ” Paul Leslie, you’re, ’ It’s, there’s, Nikki Haley’s, Elon Musk, Joshua Tucker, that’s, ” Kurt Holtzclaw, ” Holtzclaw, Lukito, ” Lukito, Jimmy Kimmel, “ Trump, Marjorie Taylor Greene Organizations: CNN, Truth, Trump Media & Technology, Trump, Wall, Facebook, Apple, University of Florida, University of Texas, Twitter, Social, South, Pew Research, Trump Media, Republican, Big Tech, Alabama Supreme, Virginia Gov, ” Trump, South Carolina Gov, Cuban, New York University Center for Social Media, ” Locations: Georgia, Rome , Georgia, Austin, South Carolina, Joe Biden’s State, Carolina, Florida, Arizona, New York

☆ Trump is about to get $3 billion richer after deal is approved to take his company public. But it won’t solve his cash crunch
▼ + stars: | 2024-03-22 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

Truth Social owner Trump Media will begin trading Tuesday as the merger closesCNN —Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company. The new company will be called Trump Media & Technology Group and trade under the ticker DJT, Trump’s initials. Shareholders voted to approve Trump Media’s merger with a blank-check company, following years of legal and regulatory obstacles. Trump will own a dominant stake in a public company, with shares worth more than $3 billion at current market prices. First, experts say the market is drastically overvaluing Trump Media based on the company’s fundamentals.

Persons: Donald Trump, Trump, Trump won’t, ”, Matthew Kennedy, Kennedy, Charles Whitehead, Jonathan Macey, Jay Ritter, Ritter, Whitehead, …, Xavier Kowalski, Schulte Roth, Zabel, ” Banks, ” Whitehead, “, ‘ Organizations: Social, Trump Media, CNN, Digital, Corp, Trump Media & Technology Group, Shareholders, Trump, Renaissance Capital, Cornell Law School, SEC, University of Florida, – Locations: New, Manhattan, ” Yale

☆ Coca-Cola unveils all-new bottles — sort of
▼ + stars: | 2024-03-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

A year later, Coca-Cola made a major change when it took out Sprite bottles’ green PET, which was an additive that was difficult to recycle into new bottles. Here's what the new Coca-Cola bottles look like. However, the label and caps will not be made from 100% recycled plastic. Companies like Coca-Cola have been making more environmentally packaging as consumer awareness and demand for action has intensified in recent years. Coca-Cola’s Smartwater brand also plans to introduce bottles made with 100% recycled plastic in New York and California later this year.

Persons: ” Kurt Ritter, “, Ritter, it’s, Emma Priestland, “ Coke, ” Organizations: New, New York CNN, CNN, Dasani, Cola Company, Coca Locations: New York, North America, California

☆ Australia: Mass coral bleaching event underway at Great Barrier Reef
▼ + stars: | 2024-03-07 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

This is the seventh mass bleaching event to hit the vast, ecologically important but fragile site and the fifth in only eight years. Covering nearly 133,000 square miles (345,000 square kilometers), the Great Barrier Reef is the world’s largest coral reef, home to more than 1,500 species of fish and 411 species of hard corals. Severe mass bleaching at the Great Barrier Reef had previously been observed in 1998, 2002, 2016, 2017, 2020 and 2022. Sunrise over the Great Barrier Reef at Lady Elliot island on October 10, 2019. Jonas Gratzer/LightRocket/Getty Images/FileBy continuing on the current pathway, “we risk losing the Great Barrier Reef and the $6 billion sustainable tourism industry,” said Schindler.

Persons: CNN —, El Niño, ”, Tanya Plibersek, Anthony Albanese, Dr, Lissa Schindler, Lady Elliot, Jonas Gratzer, Schindler, “, David Ritter, Derek Manzello Organizations: CNN, Park Authority, Australian Institute of Marine Science, El, Australian Marine Conservation Society, Australian, Australia, Greenpeace Australia Pacific, Labor, Oceanic, NOAA, Reuters, Reef Watch Locations: Australia, Lady, Southern, Pacific

☆ Meet Boston's new power venture capitalist
▼ + stars: | 2024-03-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +10 min

A changing of the guard is underway at Boston-based venture capital firm Underscore VC. The venture capitalist, wearing a cherry red cardigan and Apple Watch, cracked open a notebook and set it beside an iced coffee. Underscore VCLyman's Facebook credentials could have given her a ticket to many venture firms located down the road in Menlo Park. "The thesis is that if you get the right people around the business at the right time, it'll change the trajectory of the business," Lyman said. As Lyman steps up, so does UnderscoreUnderscore is moving into its next phase during a reckoning for venture capital.

Persons: Lily Lyman, —, Mike Greene, Marley, Lyman, Greene, she's, Michael Skok, John Pearce, Lyman —, Lily, they're, Skok, Alessandra Henderson, Pamela Aldsworth, Jeff Bussgang, Hi Marley, Gordon Ritter, Kevin Bacon, There's, Ritter Organizations: Service, Harvard University, Facebook, House, Apple Watch, Elektra Health, JPMorgan, New England Venture Capital Association, MIT, Allston Venture Fund, Harvard, Boston's, Capital Partners, OpenView Venture Partners, SEC, Old, Capital Locations: Boston, Old, Menlo Park

☆ Jamie Lee Curtis credits Richard Lewis with her sobriety: ‘Rest in laughter’
▼ + stars: | 2024-02-29 | by ( Marianne Garvey | ) edition.cnn.com time to read: +2 min

CNN —Jamie Lee Curtis sent love to her late friend and former costar, comedian and actor Richard Lewis, who died at his home in Los Angeles on Tuesday. Curtis took to Instagram with a series of pictures of herself with Lewis, writing about their time working together on the sitcom “Anything But Love,” which ran for four seasons from 1989 - 1992. “I’ve just read that my friend Richard Lewis has died. He found love with Joyce and that, of course, besides his sobriety, is what mattered most to him. Rest in laughter, Richard.

Persons: Jamie Lee Curtis, Richard Lewis, Curtis, Lewis, “ I’ve, Marty Gold, ”, “, can’t, snort, Richard, ” Curtis, Richard Frank, John Ritter, Joyce, Marty, Hannah !, Larry David, Lewis “ Organizations: CNN, ABC, Disney Locations: Los Angeles

☆ Australia’s Great Barrier Reef suffers ‘extensive’ coral bleaching, as scientists fear seventh mass bleaching event
▼ + stars: | 2024-02-29 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

CNN —The southern Great Barrier Reef is suffering from extensive coral bleaching due to heat stress, the reef’s managers said Wednesday, raising fears that a seventh mass bleaching event could be unfolding across the vast, ecologically important site. Jonas Gratzer/LightRocket/Getty ImagesThe Great Barrier Reef’s managers plan to extend aerial and in-water surveys across the entire reef over the coming weeks. Hotter ocean temperatures caused severe mass bleaching at the Great Barrier Reef in 2016, 2017 and 2020. Last year, the UNESCO World Heritage Committee decided not to add the Great Barrier Reef to its list of sites “in danger,” despite scientific evidence suggesting the risk of another mass bleaching event. Greenpeace’s Ritter said that following the decision, “the Australian government promised to do everything it can to protect the Great Barrier Reef.

Persons: Mark Read, Elliot, Jonas Gratzer, ”, Neal Cantin, Maya Srinivasan, ” Srinivasan, ” David Ritter, “, ” Ove Hoegh, Greenpeace’s Ritter Organizations: CNN, Park Authority, Australian Institute of Marine Science, El, James Cook University, Marine Park Authority, Greenpeace Australia Pacific, Foundation, Oceanic, UNESCO World Heritage Committee, Labor Locations: Keppel, Gladstone, Queensland, Australia, Cairns, Florida, Caribbean

☆ Opinion: This overshadowed Trump ruling may be the one that matters most
▼ + stars: | 2024-02-21 | by ( Opinion David Zurawik | ) edition.cnn.com time to read: +7 min

If shareholders approve the merger, it would enable Trump Media to go public and Trump to own a stake worth about $4 billion. In the US, a political party’s presidential nominee has never owned a major media platform worth so much. Furthermore, the possibility of this added Truth Social muscle for Trump arrives as right-wing MAGA messaging finds more outlets at the national and grassroots levels. And, while Trump has stuck with Truth Social, X has become a haven for right-wing conspiracies of all kinds. MAGA-friendly, right-wing media is growing at the grassroots level as well.

Persons: David Zurawik, Donald Trump, David Zurawik Mich Rouse, Trump, MAGA, Jay Ritter, Julia Nikhinson, Joe Biden, Lyndon Johnson, Johnson, John F, Kennedy, Lady Bird, Elon Musk, Tucker Carlson, Vladimir Putin, Carlson, Megyn Kelly, Eric Bolling, That’s, David Smith, Sinclair Organizations: Goucher College, Baltimore Sun, CNN, Trump, Securities, Exchange Commission, SEC, Trump Media & Technology Group, Trump Media, University of Florida, Getty, Republican, Federal Communications Commission, Johnsons, Twitter, Facebook, Fox News, Russian, Fox, Tucker Carlson Network, Sinclair Broadcast Group, Digital Locations: Conway , South Carolina, AFP, Austin , Texas, Texas, Maryland

☆ Why oil prices aren’t soaring despite Middle East uncertainty
▼ + stars: | 2024-02-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Oil prices spiked last month following US-led strikes on Houthi targets in Yemen in response to repeated attacks on commercial ships in the Red Sea. One factor that could be keeping the cap on oil prices is waning demand. “Global oil demand growth is losing momentum,” said the agency in its February report. While global oil demand growth is slowing, supply has stayed relatively strong, potentially putting further downward pressure on oil prices. “Higher global oil supply this year, led by the United States, Brazil, Guyana and Canada, should more than eclipse the expected rise in world oil demand,” said the report.

Persons: Bell, ”, Donald Trump, Matt Egan, —, Trump, Jay Ritter, Read, Anna Bahney, Freddie Mac, Sam Khater, Freddie Mac’s, Khater, Bob Broeksmit Organizations: CNN Business, Bell, New, New York CNN, West Texas, Brent, International Energy Agency, “, shuttering, Federal, US, United Arab Emirates, White, Wall, Trump, Truth Social, Trump Media & Technology Group, Securities and Exchange, Trump Media, SEC, University of Florida, Mortgage Bankers Association Locations: New York, Russia, Ukraine, Yemen, Red, United Kingdom, Japan, Germany, Iraq, United States, Brazil, Guyana, Canada

☆ Donald Trump just got the green light to return to Wall Street
▼ + stars: | 2024-02-15 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Months after leaving the White House, former President Donald Trump began plotting his return to Wall Street. US regulators have finally given the green light to a controversial merger between Truth Social owner Trump Media & Technology Group and a blank-check company. ‘This is a meme stock’Moreover, there are major questions about the sky-high valuation being placed on this media company. He described that valuation as “crazy” because Trump Media is generating little revenue and burning through cash. One of the final remaining hurdles is for Digital World shareholders to approve the merger in an upcoming vote.

Persons: Donald Trump, Trump, ”, Jay Ritter, Ritter, Devin Nunes, Eric Swider, “, Matthew Tuttle, he’s, Tuttle, — Organizations: New, New York CNN, White, Wall, Trump, Truth Social, Trump Media & Technology Group, Securities and Exchange, Trump Media, SEC, University of Florida, Republican, New SEC, ” Trump Media, Big Tech, Digital, Tuttle Capital Management Locations: New York, Trump, Atlantic City

WASHINGTON (AP) — An FBI informant has been charged with lying to authorities about a multimillion-dollar bribery scheme involving President Joe Biden, his son Hunter and a Ukrainian energy company, a claim that is central to the Republican impeachment inquiry in Congress. Alexander Smirnov falsely reported in June 2020 that executives associated with the Ukrainian energy company Burisma paid Hunter and Joe Biden $5 million each in 2015 or 2016, prosecutors said Thursday. Smirnov said a Burisma executive had claimed to have hired Hunter Biden to “protect us, through his dad, from all kinds of problems,” prosecutors said. The charges were filed by Justice Department special counsel David Weiss, who has separately charged Hunter Biden with firearm and tax violations. Hunter Biden is expected to appear before the committee later this month for an interview.

Persons: Joe Biden, Hunter, Alexander Smirnov, Smirnov, Hunter Biden, Biden, Barack Obama, “, David Weiss, Hunter Biden's, James Comer, Comer, Republican Sen, Chuck Grassley, Donald Trump’s, Rudy Giuliani’s, Eric Tucker, Lisa Mascaro, Ken Ritter Organizations: WASHINGTON, FBI, Republican, Prosecutors, Burisma, Public, Russian, Justice, Iowa, Trump, Associated Press Locations: Ukrainian, Las Vegas, Ky, Washington

☆ Bobbi Brown left her namesake makeup brand 7 years ago. The rest of the world hasn't caught up.
▼ + stars: | 2024-02-08 | by ( Amanda Krause | ) www.businessinsider.com time to read: +3 min

Bobbi Brown sold her namesake beauty brand in 1995 and left the company in 2016. But even some of her biggest fans don't know she's no longer part of Bobbi Brown Cosmetics. But we're not talking about Bobbi Brown Cosmetics. "I can't believe that people are still coming up to me and telling me what's wrong with their Bobbi Brown Cosmetics products," she told BI. Bobbi Brown for Jones Road.

Persons: Bobbi Brown, Bobbi Brown Cosmetics, —, we're, Estée Lauder, Brown, I've, Ben Ritter, it's Organizations: Service, QVC, Jones, BI

A border security package instantly collapsed in the Senate. Congress failed in stunning fashion this week as Republicans in both the House and the Senate revolted in new and unimaginable ways against their own agenda. But it’s not a way to govern," said Republican Rep. Victoria Spartz of Indiana. Now, without naming Trump, McConnell says he will support the Republican Party's eventual nominee for president, though it's clear the two have a deteriorated relationship. First-term Republican Rep. Cory Mills of Florida acknowledged the week's setbacks were not why he came to Congress after a military career.

Persons: Mayorkas, —, it’s, Victoria Spartz, Kevin McCarthy, Mike Johnson, Mitch McConnell, Donald Trump's, Johnson, ”, Sen, Mitt Romney, “ Let’s, Romney, “ We’ve, Marjorie Taylor Greene, Hal Rogers, impeaching Mayorkas, I’m, ” Mayorkas, Al Green of, Nancy Pelosi, George Santos, Steve Scalise, They're, Katherine Clark of, McConnell, Mike Lee of, Ted Cruz, ” Lee, Chuck Schumer, Trump, “, I've, Democratic Sen, Patty Murray, Donald Trump, Cory Mills, “ We're, Mills, “ We’re, there’ll, Kevin Freking, Stephen Groves, Mary Clare Jalonick, Rebecca Santana, Ken Ritter Organizations: WASHINGTON, — Homeland, Congress, Republican Rep, Victoria, Republican House, Republican Party, Republican, GOP, Trump, Biden, Super Bowl, Republicans, Democratic, GOP Rep, Senate, Capitol, realigning, Press Locations: Ukraine, Russia, Victoria Spartz of Indiana, U.S, R, Utah, Marjorie Taylor Greene of Georgia, Mexico, Washington, Las Vegas, Al Green of Texas, New York, Katherine Clark of Massachusetts, Mike Lee of Utah, Ted Cruz of Texas, Israel, Taiwan, Florida, American

☆ Bobbi Brown is still living a life of luxury and lipstick — and it's all on her own terms
▼ + stars: | 2024-01-24 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

Bobbi Brown is a beauty icon with two major makeup brands. But through it all, Bobbi Brown has never budged from her status as a beauty icon. Bobbi Brown on set for Jones Road. It's hard to describe," Brown told BI, though she notes that "no one" does the "no-makeup" look better than her brand. According to SimilarWeb, a software company that analyzes internet traffic, the Jones Road site reached more than 850,000 visits in November 2023.

Persons: Bobbi Brown, Brown, —, Yogi Berra, Estée Lauder, freebies, Becca Cosmetics, James Charles, Ben Ritter, Jones, Cody Plofker, Plofker, There's, it's, SimilarWeb, she's, that's, Bobbi Organizations: Business, Service, Scholastic, Brands, Jones, Athletic Greens, Ikea Locations: Montclair , New Jersey, New York, Montclair, TikTok, New Jersey, London

☆ Trump SPAC has tripled since the Iowa caucuses
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Digital World’s share price spiked 88% to 19-month highs on Monday alone. Since Trump’s landslide victory in the Iowa caucuses on January 15, Digital World shares have more than tripled. That in turn drives the share price even higher, creating further losses for short-sellers. Jay Ritter, a finance professor at the University of Florida, expressed shock at the stock spike for Digital World. Neither Trump Media & Technology Group nor Digital World responded to requests for comment.

Persons: that’s, Donald Trump, That’s, Ron DeSantis, Trump, ”, Matthew Tuttle, Tuttle, –, what’s, Jay Ritter, “ It’s, ” Ritter, Ritter, “, he’s, ” Tuttle Organizations: New, New York CNN, Truth Social, Trump Media & Technology Group, Florida, Trump, New Hampshire, Tuttle Capital Management, University of Florida, GameStop, SEC, & $ Locations: New York, United States, New, Iowa, “ After Iowa

A 32-page lawsuit filed on Jan. 17 in U.S. District Court in Tucson, Arizona, accuses the U.S. “The San Pedro Valley will be irreparably harmed if construction proceeds,” it says. Political Cartoons View All 253 ImagesSunZia Wind and Transmission and government representatives did not respond Monday to emailed messages. The transmission line also is being challenged before the Arizona Court of Appeals. The court is being asked to consider whether state regulatory officials there properly considered the benefits and consequences of the project.

Persons: Pedro “ Arizona’s, Joe Biden's, Work, Verlon M, Jose, SunZia, ____ Ritter Organizations: —, U.S . Interior Department, Land Management, Western Apache, Energy, San Carlos Apache, Center for Biological Diversity, U.S, U.S . Defense Department, Work, San, Tribal, of Appeals Locations: ALBUQUERQUE, N.M, Arizona, California, U.S, Tucson , Arizona, Pedro Valley, Zuni, Western, New Mexico, San Pedro Valley, Tucson, San Pedro, ”, U.S ., Redrock, Las Vegas , Nevada

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