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☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ Wall Street Cruel Summer: Stock Market Crash, Inflation Ends Vacation
▼ + stars: | 2024-05-05 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Inflation canceled that, and now it's almost certain that Wall Street's summer is canceled, too. That means Wall Street's fantasies of decamping to the Hamptons for the summer have shattered. You can see why this tug-of-war will keep Wall Street on its toes and off Georgica Beach. There is a certain set on Wall Street that does not get to "rosé all day" on Hamptons summer water when currencies trade that way. The simplicity that Wall Street hoped for is one of the few options that's no longer on the table.

Persons: —, Justin Simon, decamping, Jerome Powell, opportunistically, Jamie Dimon, Torsten Slok, Slok, Powell, we'd, David Lefkowitz, dory, McDonald's, Silas Myers, Wall, Zuck, Simon, they're, it's Organizations: Federal Reserve, Jasper Capital, Nasdaq, Hamptons, JPMorgan, Fed, Pepsi, Mar Vista Investments, Wall, Nvidia, Tesla, Microsoft, Meta, Apple, EU Locations: Georgica, Japan

☆ I visited Dollywood's sister theme park in the Ozark mountains. The hidden gem's attractions and food were just as good as Disney's.
▼ + stars: | 2024-04-22 | by ( Carly Caramanna | ) www.businessinsider.com time to read: +7 min

Read previewOne of my favorite hidden-gem theme parks is Silver Dollar City, nestled in the Ozark Mountains in Branson, Missouri. Both are owned by Herschend Family Entertainment, though Silver Dollar City opened first in 1960. I've visited theme parks all over the world and this now ranks as one of my favorites. There are also unique attractions at Silver Dollar City that I haven't experienced anywhere else — Grandfather's Mansion was one of my favorites. The food is fantastic and uniqueCarly CaramannaI'm a big foodie — especially at theme parks — and I was happy this park's eats lived up to the hype.

Persons: —, It's, I've, Carly Caramanna, I'd, Carly Caramanna It's, Carly Caramanna Grandfather's, that's, Carly Caramanna I'm, Delilah's, Dickens, Carol, An, Ward, She's, Dolly Parton's Organizations: Service, Dollar, Herschend Family Entertainment, Dollar City, Disney, Business, Silver Dollar, Marvel Locations: Ozark, Branson , Missouri, touristy, Branson there's

☆ The man who led Google Photos to 1 billion users is now the newest group partner at Y Combinator
▼ + stars: | 2024-04-18 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Lieb, having a background in semiconductors and not server management, reached out to his fellow Y Combinator founders for support. After a year and a half of advising at the accelerator, he's stepping up as a group partner, Y Combinator tells Business Insider exclusively. It was never released, but many of the ideas would later come back in the form of Google Photos. From there, he reached into the Y Combinator alumni network to find other promising upstarts. David Lieb, second from left, speaks to a group of Y Combinator founders.

Persons: David Lieb, Lieb, Alex Polvi, Combinator —, Garry Tan, Jared Friedman, Harj Taggar, Michael Seibel, Sam Altman, it's, Y Combinator, " Lieb, Dan Lieb, Y, Xoogler, Patrick, John Collison's, Mixpanel, Jake Mintz, Forbes, Kevin Systrom, Flock, Andy Huibers, Mary, 72m2YgJZq8 — David Lieb, Ryan Peterson, He's Organizations: Apple, Business, Investors, Google Locations: Cloudkick, San Francisco, Silicon Valley, Flexport

☆ Here are Thursday's biggest analyst calls: Tesla, Nvidia, Apple, Amazon, eBay, Zoom, JetBlue, BJ's & more
▼ + stars: | 2024-04-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage of Samsara (IOT) with a Buy rating and $42 price target." Deutsche Bank adds a catalyst call buy on Estee Lauder Deutsche added a short-term buy rating on shares of the beauty giant. Bernstein reiterates Apple as market perform Bernstein said it's getting more "constructive" on Apple shares but is sticking with its market perform rating for now. "We are initiating coverage of AES with a Buy rating and $21PT. "We are initiating coverage on shares of Beacon Roofing Supply (BECN), a leading roofing products distributor in the United States, with a Buy rating and $135 PT."

Persons: Goldman Sachs, Goldman, Oppenheimer, JPMorgan, Lauder Deutsche, Mizuho, TD Cowen, Cowen, it's, Bernstein, Jefferies, Kite, Kite Realty Jefferies, GE Vernova, Tesla, Needham, Andy, BTIG, Davidson, Barnes, Morgan Stanley downgrades, Morgan Stanley, Etsy, Rosenblatt, Swift, Janney Organizations: Bank of America, Cisco Systems, Goldman Sachs, P, JPMorgan, JetBlue, Bancorp, SPT, Oracle, Deutsche Bank, Linde, Mizuho, LIN, Nvidia, Apple, Kite Realty, GE, Metro NY, SSS, Deutsche, Infrastructure, FTAI Infrastructure, BMO, New, AMC, Barnes Group, AES Corporation, AES, eBay, EBAY, UW, ZS, Comcast, CNBC, Benchmark, Beacon Locations: New York City, OW, United States

A photo taken by Abdallah Dalee in the early hours of February 29 shows a crowd of people waiting by firelight for the aid trucks to cross into northern Gaza. Mark Regev, the Israeli prime minister’s special adviser, initially told CNN that Israeli forces had not been involved. “Most of the people that were killed were rammed by the aid trucks during the chaos and while trying to escape the Israeli gunfire,” Al Za’anoun said. The footage shows hundreds of people gathering around aid trucks on Al Rashid Street. People mourn outside Al-Shifa hospital in Gaza City over one of the Palestinians killed during the aid delivery on February 29.

Persons: Abu Watfa, ” Abu Watfa, ’, ”, Al Rashid, Abdallah Dalee, firelight, Abdallah Dalee Gazan, Mark Regev, Daniel Hagari, Al Za’anoun, ” Al Za’anoun, Rashid, Belal, Robert Maher, Richard Weir, Weir, Al Jazeera, “, Abd Rabu, Hamouda Zamil, Dr, Amjad Aliwa, Georgios Petropoulos, ” Mohammed Ahmed, I’ve, ” Ahmed, Ahmed Organizations: CNN, United Nations, Israel Defense Forces ’, IDF, Montana State University, Human Rights Watch, Al, AFP, Getty, Welfare Trust, Welfare, Ummah Welfare, UN Office, Human Rights Locations: Gaza City, Gaza, Israel, Al, United States, Bolton, England, “, Al Nabulsi, Al Kuwaiti

☆ Why Wall Street's biggest wealth managers could face an avalanche of lawsuits thanks to one judge's ruling
▼ + stars: | 2024-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +10 min

The banks, in turn, make shareholders happy by reporting lower compensation costs since deferred compensation is marked as a liability. At Morgan Stanley, advisors forfeit this pay if they leave for another employer before four years of service. This ruling was used by a lawyer on another case, Alan Rosca, to secure a $3 million judgment against Morgan Stanley on March 25. In November, Morgan Stanley successfully fought off a class action attempt by 12 ex-Morgan Stanley advisors. Lawyers told Business Insider that the award and the ruling in Shafer v. Morgan Stanley will likely inspire more ex-advisors to sue.

Persons: —, Morgan Stanley, Morgan Stanley's, Alan Rosca, Cerulli, Rogge Dunn, Biden, Dunn, Goldman Sachs, Spencer Platt, Rosca, It's, Shafer, Judge Paul Gardephe, Meaghan VerGow, Pamela Miller, O'Melveny, Jack Edwards, Edwards, Street Former Morgan Stanley, Phil Waxelbaum, They've, you've, — Rosca, Waxelbaum, We're Organizations: Service, Wall, Business, Advisors, Biden Administration, FTC, Getty, Financial Industry Regulatory Authority, Street Former, Ajamie LLP, JPMorgan Locations: Cleveland, Dallas, New York, Shafer, Houston, Wells

☆ 60 bundles of food fell into the sea as a US military C-130 aircraft attempted to drop aid into war-torn Gaza
▼ + stars: | 2024-04-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

60 bundles of food fell into the sea during a joint US-Jordan humanitarian aid drop in Gaza yesterday. AdvertisementDuring the latest US military humanitarian aid drop into Gaza amid a retaliatory Israeli offensive, dozens of bundles of food fell into the sea. The aid bundles included Jordanian-provided food and was delivered from three US Air Force C-130 aircraft. Related storiesBut during the aid drop, approximately 60 bundles of food landed in the sea. AdvertisementEarlier this month, Gaza's Hamas-run Ministry of Health said five children were killed and other injured by aid drops with failed parachutes.

Persons: —, USCENTCOM, CENTCOM, Gaza's, CENTOM Organizations: Service, US Air Force, Hamas, Gaza's Hamas, of Health Locations: Jordan, Gaza, Jordanian, Israel

☆ Palestinians are drowning trying to reach parcels airdropped into the sea, paramedics say
▼ + stars: | 2024-03-27 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

At least 12 Palestinians drowned trying to reach aid off Gaza's coast, local paramedics said. Footage shows hungry Palestinians rushing toward the airdropped aid that had landed in the sea. AdvertisementAt least 12 Palestinians drowned off the coast of Gaza while attempting to reach airdropped parcels that had landed in the sea, local paramedics said, according to CNN. The media office for Gaza's Hamas-run government said in a message to Business Insider that 12 Palestinians had died by drowning, with six others dying in a "stampede" for humanitarian aid. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, CNN, Hamas, Business Locations: Gaza's, Hamas, airdrops, Gaza

☆ Second Gaza Aid Convoy Ends in Violence, With at Least 20 Killed
▼ + stars: | 2024-03-15 | by ( Raja Abdulrahim | Anushka Patil | ) www.nytimes.com time to read: +2 min

For the second time in just over two weeks, a convoy bringing aid to hunger-stricken northern Gaza ended in bloodshed late Thursday when Palestinians were killed and wounded in an attack surrounding the trucks, according to Gazan health officials and the Israeli military, which offered divergent accounts of what happened. The Israeli military has said that most of the people died in a stampede and that some were run over by the trucks. Israel, which has been under growing pressure to allow more aid into the territory, had organized that convoy to northern Gaza, where the United Nations has warned that hundreds of thousands of people are facing starvation. It was not clear immediately on Friday who had sent the latest supplies, driven the trucks or provided security for them. The Israeli military said it had “facilitated the passage” of the 31 trucks but did not elaborate on that.

Persons: ” Organizations: Gaza Health Ministry, “, United Nations Locations: Gaza, Kuwait, Gaza City, Israel

☆ Saudi oil giant Aramco posts 25% fall in full-year profit
▼ + stars: | 2024-03-10 | by ( Dan Murphy | ) www.cnbc.com time to read: +2 min

Artur Widak | Nurphoto | Getty ImagesSaudi Arabia's state oil giant Aramco reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1 billion in 2022. Changing HandsThe earnings come after the Saudi government transferred an additional 8% of Aramco shares, worth $164 billion, to Saudi Arabia's Public Investment Fund (PIF). PIF already owned 4% of Aramco, and controls Sanabil, a financial investment firm, which owns 4% of Aramco as well. Aramco said total dividends of $97.8 billion were paid in 2023, up 30% from 2022. watch nowThe PIF's 16% state in Aramco, worth an estimated $328 billion, is set to strengthen its financial position and boost its ability to deploy capital to invest on behalf of the Saudi state.

Persons: Artur Widak, Amin Nasser, Yasir Al Organizations: Aramco, Saudi Arabian Oil Group, World Petroleum Congress, Nurphoto, Getty, Saudi, Saudi Arabia's Public Investment Fund Locations: Saudi, Stampede, Calgary, Canada, Aramco

☆ Israel Says Its Forces ‘Fired Precisely’ During Aid Convoy Chaos
▼ + stars: | 2024-03-08 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +2 min

The account differs sharply from those of witnesses and Palestinian officials who described extensive shooting after thousands of desperate Gazans massed around an Israeli-organized aid convoy. Gazan officials did not immediately respond to the Israeli review. The Israeli military said that its review found that the soldiers had “fired precisely” at people who were approaching them in what it said was an attempt to keep “suspects” at a distance. A fact-finding committee appointed by the Israeli military chief of staff will continue to investigate the episode, the military said. Some human rights groups say that the Israeli military lacks independent accountability mechanisms and rarely penalizes soldiers for harming Palestinians in contested circumstances.

Persons: “, Gazans, ” Locations: Gaza

☆ Mob of hopping kangaroos invade Australian golf course
▼ + stars: | 2024-03-08 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —You’re having fun playing golf and then a mob of kangaroos suddenly interrupts your round. Golfer Stephen Roche must have thought he’d gone hopping mad when he saw the stream of ‘roos approaching him. Roche explained in his post that the kangaroos were traversing the fourth hole on the St John’s course at the Heritage Golf and Country Club in Victoria, Australia. Stephen Roche/XWhile the kangaroos’ appearance left some jumping for joy, others jokingly attributed some well-worn golfing habits onto the marsupials. At Anglesea Golf Club, also in Victoria, players share the fairways with over 300 Eastern Grey kangaroos, with a popular bus tour run to educate visitors on its resident ‘roo population.

Persons: CNN —, Stephen Roche, ‘ roos, Roche, “, ” Roche, ”, ‘, Marg Lacey, you’ve Organizations: CNN, Twitter, Heritage, Country Club, Golf Locations: Victoria, Australia

☆ Kamala Harris urges Hamas to agree to an immediate ceasefire, pushes Israel on aid to Gaza
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: +5 min

U.S. Vice President Kamala Harris called for an "immediate ceasefire" in Gaza in her remarks on March 3, 2024, but reiterated that Israel has "a right to defend itself." "Given the immense scale of suffering in Gaza, there must be an immediate ceasefire," Harris said at an event in Selma, Alabama. Washington has insisted the ceasefire deal is close and has been pushing to put in place a truce by the start of Ramadan, a week away. A view of new humanitarian aid after arriving to the northern Gaza Strip from sky with parachutes in Northern Gaza, Gaza on March 02, 2024. The Egyptian army had announced Saturday airdropping a new aid batch to areas in the northern Gaza Strip.

Persons: Kamala Harris, Israel, Elijah Nouvelage, Harris, Let's, Abed Zagout, Benny Gantz, Antony Blinken, Amos Hochstein, Daniel Hagari, Muatasem Salah, Biden, Omar Qattaa Organizations: Getty, Palestinian, Anadolu, U.S, Hamas, Reuters, White, . U.S, Ministry of Health Locations: Gaza, Israel, Selma , Alabama, Rafah, Cairo, Washington, ., Beirut, Lebanese, Northern Gaza

☆ Lack of Plan for Governing Gaza Formed Backdrop to Deadly Convoy Chaos
▼ + stars: | 2024-03-03 | by ( Patrick Kingsley | ) www.nytimes.com time to read: +1 min

Israel’s reluctance to fill the current leadership vacuum in northern Gaza formed the backdrop to the chaos that led to the deaths on Thursday of dozens of Palestinians on the Gazan coast, analysts and aid workers have said. More than 100 were killed and 700 injured, Gazan health officials said, after thousands of hungry civilians rushed at a convoy of aid trucks, leading to a stampede and prompting Israeli soldiers to fire at the crowd. The immediate causes of the chaos were extreme hunger and desperation: The United Nations has warned of a looming famine in northern Gaza, where the incident occurred. Civilian attempts to ambush aid trucks, Israeli restrictions on convoys and the poor condition of roads damaged in the war have made it extremely difficult for food to reach the roughly 300,000 civilians still stranded in that region, leading the United States and others to airdrop aid instead. But analysts say this dynamic has been exacerbated by Israel’s failure to set in motion a plan for how the north will be governed.

Organizations: United Nations Locations: Gaza, United States

What they encountered was death and injury by the hundreds, according to witnesses and a doctor who treated the wounded, as Israeli forces opened fire toward desperate Palestinians who surged forward when aid trucks finally arrived before dawn on Thursday. “I saw things I never, ever thought I would see,” said Mohammed Al-Sholi, who had camped out overnight for a chance to get food for his family. On Friday, President Biden said the United States would begin airdropping aid to Gaza to help relieve the suffering there, as European leaders condemned Israel for the deaths of scores of hungry Palestinians who were killed as they surrounded the aid convoy. An Israeli military spokesman, Rear Adm. Daniel Hagari, said on Thursday that Israeli soldiers had been trying to secure the convoy and fired “when the mob moved in a manner that endangered them.” But he said the soldiers had not fired on people seeking aid. The military has said that most of the people died in a stampede and that some were run over by the trucks in Gaza City.

Persons: “, ”, Mohammed Al, Sholi, Biden, Israel, Daniel Hagari Locations: United States, Gaza, Israeli, Gaza City

☆ Biden Says U.S. Will Airdrop Aid Into Gaza
▼ + stars: | 2024-03-01 | by ( Victoria Kim | Raja Abdulrahim | ) www.nytimes.com time to read: +7 min

The body of a person killed early Thursday as Israeli forces opened fire toward crowds thronging an aid convoy in Gaza City. Most of the deaths were caused by trampling in a stampede, Admiral Hagari said, and some people were hit by aid trucks. On Wednesday, he had heard that people had received bags of flour from aid trucks, and there were rumors that another convoy was coming. The Israeli military did not respond to questions about whether Israeli tanks opened fire before or after the aid trucks arrived. Mr. Al-Sholi described chaos as ran from the aid trucks and people around him were hit.

Persons: “, ”, Mohammed Al, Sholi, Daniel Hagari, Admiral Hagari, Mr, Mohammad Hamoudeh, Hamoudeh, Kamal Edwan, Kamal Adwan, Eid Sabbah, Sabbah, ” Nader Ibrahim Organizations: “, The New York Times, Kamal, Credit, Agence France, Medical Locations: Gaza City, Israeli, Gaza, “

☆ Middle East Crisis Deaths of Palestinians Desperate for Food Prompt Fresh Calls for Cease-Fire
▼ + stars: | 2024-03-01 | by ( Victoria Kim | ) www.nytimes.com time to read: +3 min

Injured Palestinians at Al-Shifa hospital in Gaza City after Israeli forces opened fire as a crowd gathered near an aid convoy. The deaths of scores of Palestinians seeking food aid in northern Gaza on Thursday were met with mounting international calls for a cease-fire and for Israel to take immediate measures to increase the flow of supplies into the territory. Officials in Gaza and the Israeli military offered diverging accounts, with Israel saying most of the deaths had been caused by a stampede. The Gazan health ministry said Israeli forces had carried out a “massacre,” injuring 700 in addition to those killed. The aid group Doctors Without Borders said it hadn’t been able to reach its physicians and other staff working in northern Gaza because of unreliable communications but that irrespective of the details, the Israeli military was accountable.

Persons: Emmanuel Macron, ”, Samantha Power, “, Israel, hadn’t, Isabelle Defourny Organizations: “, United States Agency for International Development Locations: Al, Gaza City, Gaza, Israel, France

☆ Gaza food aid deaths amid Israeli gunfire: What we know about the incident
▼ + stars: | 2024-02-29 | by ( Rob Picheta | ) edition.cnn.com time to read: +8 min

The deaths occurred amid scenes of chaos on Haroun Al Rasheed Street in western Gaza City, where crowds of hungry Palestinians had gathered for food aid. Civilians swarmed around the newly arrived aid trucks in the hope of getting food, and Israeli forces soon started shooting, witnesses said. The aid trucks tried to escape the area, accidentally ramming others and causing further deaths and injuries, the eyewitnesses added to CNN. “Early this morning, during the entry of humanitarian aid trucks into the northern Gaza Strip, Gazan residents surrounded the trucks, and looted the supplies being delivered. Later on Thursday, an Israeli military spokesperson claimed in a briefing that there were two separate incidents involving aid trucks in Gaza Thursday.

Persons: Haroun Al, Ahmad Abu Al Foul, Khader Al Za’anoun, Al Za’anoun, ” Al Za’anoun, Dawoud Abo, Israel, “, ” Carl Skau, Jan Egeland, CNN’s Christiane Amanpour, ”, Izzat Al, Risheq, ” Al, Abu Mustafa, Joe Biden, Biden, CNN’s Arlette Saenz Organizations: CNN, Israel Defense Forces, Palestinian Ministry of Health, United Arab Emirates, Shifa, Dawoud Abo Alkas, Getty, IDF, United, UN, Humanitarian Affairs, Food Programme, Security Council, Norwegian Refugee Council, “, Hamas, Telegram, Reuters, US National Security, White Locations: Gaza City, Gaza, Israel, Qatar, Saudi Arabia, Al, Anadolu, United Nations, New York City

What We Know About the Deaths Near the Gaza Aid ConvoyGazan authorities said that more than 100 people were killed and hundreds more injured in a chaotic scene early Thursday morning in Gaza City, where a crowd gathered around a convoy of trucks carrying desperately needed aid and the Israeli military opened fire. A small number of people may have been struck by aid trucks during the panic, and two Israeli military vehicles are also visible at the scene. Israeli military vehicles Aid convoy AL RASHID Israeli military vehicles Aid convoy AL RASHID Israeli military vehicles Aid convoy AL RASHID Still image of Israeli military drone footageA separate video released by Al Jazeera of the crowd near the aid convoy captures the sound of gunfire and shows multiple tracer rounds, originating from the southwest where an Israeli military base is located. The two tanks visible in the drone video were stationed on Al-Rashid around 250 meters from the base. Aid delivery has also been hampered by the breakdown of civil order as increasingly desperate civilians converge on aid convoys before the trucks can get to distribution centers.

Persons: Rashid Al, Rashid, Al Jazeera, Kamal Adwan, Copernicus, Corey Scher, Den, Biden Organizations: Convoy, Al, Planet Labs, RASHID, Crowds, Aid, Shifa, Kamal, Ahli Arab Hospital, Copernicus Sentinel, CUNY, Center, Den Hoek of Oregon State University, The United Nations, United Nations Locations: Gaza, Gaza City, Rashid, Rashid Al Jazeera, Al, Rashid Israeli, Jazeera, RASHID Israeli, Ahli, Den Hoek of, Israel

☆ Nigeria customs confirms deaths in stampede for discounted rice
▼ + stars: | 2024-02-27 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

Abuja, Nigeria CNN —The Nigeria Customs Service has paused the sale of seized bags of rice to needy residents amid growing hunger in the country, after confirming people were trampled to death during a deadly crowd surge at its Lagos office Friday. “The crowd became desperate and charged through our barricades in search of rice bags inside emptied containers. Nigeria is battling one of its worst cost-of-living crises that has seen inflation rise to nearly 30% - the highest in 30 years. ‘End hunger’ protestsFresh protests broke out on Tuesday as labor unions mobilized for nationwide demonstrations to rail against the economic hardships. The government also endorsed a 2012 recommendation from a presidential committee that recommended cuts to government staffing levels.

Persons: Abdullahi Maiwada, regrettably, ” Maiwada, EndHungerProtest, Bola Tinubu, Tinubu Organizations: Nigeria CNN —, Nigeria Customs Service, World Bank Locations: Abuja, Nigeria, Lagos, Africa’s, West, India

☆ Republican Opposition to Birth Control Bill Could Alienate Voters, Poll Finds
▼ + stars: | 2024-02-26 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

One month after the Supreme Court struck down the right to an abortion, Democrats who then controlled the House pushed through a bill aimed to ensure access to contraception nationwide. All but eight Republicans opposed it. The risks they face became glaringly clear last week, after the Alabama Supreme Court ruled that frozen embryos should be considered children. A new national poll conducted by Americans for Contraception and obtained by The New York Times found that most voters across the political spectrum believe their access to birth control is actively at risk, and that 80 percent of voters said that protecting access to contraception was “deeply important” to them. Even among Republican voters, 72 percent said they had a favorable view of birth control.

Organizations: Republicans, Alabama, Congress, The New York Times, Republican

☆ Avoid these overcrowded trades by hedge funds as the rally powers on, according to Morgan Stanley
▼ + stars: | 2024-02-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

As the rally continues, it's wise to avoid overcrowded trades among hedge funds as herd mentality often leads to trouble in the stock market, according to Morgan Stanley. Investors in overcrowded trades could run the risk of getting caught in a losing bet when hedge funds, especially systematic traders, form a herd-like stampede to exit the same trades. Morgan Stanley found that hedge funds were most overweight in the consumer discretionary, industrials, and health-care sectors last quarter. Even though they have been extremely popular, these stocks tend to have outsized share counts that make hedge funds' ownership less significant. Avis Budget Group was the most over-owned stock by hedge funds at the end of 2023 with half of its outstanding float shares owned by the cohort, according to Morgan Stanley.

Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson, — CNBC's Michael Bloom Organizations: Avis Budget Group, Liberty Media, Liberty Media , New York Times Locations: Wendy's, Liberty Media ,

☆ Elon Musk may be done with Delaware, but don't expect other corporations to follow his crusade
▼ + stars: | 2024-02-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Elon Musk has had it with Delaware — but don't expect other corporations to flee the business-friendly state, too. Musk also specifically went after the judge who ruled to void his pay package, Kathleen McCormick, calling her an "activist and politician" in an X post. "The reason Elon Musk frequently escapes account from other judges is because they don't see through his phantabulating," Lauren Pringle, editor of the Chancery Daily, which covers Delaware courts, told the outlet. Advertisement"I don't expect a mass migration of firms from Delaware," Michal Barzuza, a professor at the University of Virginia who researches corporate law and governance, told the Post. So, despite Musk's latest crusade against the state, it seems unlikely many other Delaware-based corporations will jump ship anytime soon.

Persons: Elon Musk, Musk, Lawrence Cunningham, Kathleen McCormick, McCormick, Lauren Pringle, Michal Barzuza, John Coates, Fortune, there's, Coates, Musk's Organizations: SpaceX, Business, Fortune, Markel Group, Constellation Software, Washington Post, Chancery, University of Virginia, Harvard Locations: Delaware, Texas

☆ They’re the Stanley Cup Champions. And That’s a Lot of Mugs.
▼ + stars: | 2024-02-09 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

The Stanley Tumbler, this year’s smash hit, is, at first glance, a win for the planet. Unlike the throwaway plastic bottles it’s meant to replace, it doesn’t generate mountains of plastic trash. “Some millennials or Gen-Z are already embarrassed to carry a Stanley,” said Casey Lewis, who writes the trendspotting newsletter, After School. Stanley sold an estimated 10 million “Quencher” water tumblers in 2023, and the company’s total sales for that year are expected to have reached $750 million, up from less than $100 million in 2020. The #StanleyCup hashtag has been viewed billions of times on TikTok.

Persons: Stanley Tumbler, ”, Casey Lewis, Stanley, hashtag Locations: TikTok

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