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☆ Bankrupt Steward Health puts its hospitals up for sale, discloses $9 billion in debt
▼ + stars: | 2024-05-07 | by ( ) edition.cnn.com time to read: +3 min

Schrock said Steward has real value, despite carrying a $9 billion debt load. “It never really stabilized the company,” Schrock said. Steward is putting all of its hospitals up for sale. It intends to hold auctions on June 28 for its hospitals outside of Florida and July 30 for its nine hospitals in Florida. Schrock said those timelines were negotiated as part of the new $75 million bankruptcy loan, and that Steward would seek more time to sell its hospitals if necessary.

Persons: Steward, Ray Schrock, Chris Lopez, “, ” Schrock, “ There’s, Schrock, Lopez, ” Organizations: Health Care, Stewardship Health, Care, Medical Properties Trust Locations: Houston, Massachusetts, Florida

☆ Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Airlines and more
▼ + stars: | 2024-05-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Spirit also forecast second-quarter revenue between $1.2 billion and $1.34 billion, below a FactSet estimate of $1.46 billion. Paramount — Shares popped 3.3% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo . U.S. Steel shares have room to rise due to internal improvements, even if the Nippon Steel buyout deal collapses, Morgan Stanley said in a note. Morgan Stanley said the market is likely overlooking the Canadian-based company's progress on improving core profit margins. Morgan Stanley downgraded the intimate apparel maker to underweight due to expectations for negative earnings per share revisions.

Persons: Baird, Warren Buffett, Morgan Stanley, Tyson, StreetAccount, Bausch, Coinbase, Li Auto, Alex Harring, Jesse Pound, Samantha Subin, Hakyung Kim, Sarah Min, Matthew Staver Organizations: Berkshire Hathaway, Berkshire, Micron Technology, Spirit Airlines, Paramount, Paramount Pictures, CBS Entertainment Group, Sony Pictures Entertainment, United States Steel, . Steel, Nippon Steel, Medical Properties, Health Care, EHang Holdings, Barclays, Micron Technology Inc, Bloomberg, Getty Locations: The Boise , Idaho, Berkshire, Pittsburgh, China, Weibo, Boise , Idaho

☆ Princeton University Art Museum Gets Six Site-Specific New Works
▼ + stars: | 2024-04-30 | by ( Hilarie M. Sheets | ) www.nytimes.com time to read: 1 min

Princeton University has a long history of commissioning public art by the likes of Henry Moore, Louise Nevelson, Alexander Calder and Pablo Picasso, dating back to the 1960s. And when the Princeton University Art Museum opens to the public next year, at almost double the size of its original building, six new large-scale works by women and artists of color will have pride of place — visible beacons near the building’s perimeter, both indoors and out at this central crossroads on campus. The artworks include four site-specific commissions by Diana Al-Hadid, Nick Cave, Jane Irish and Tuan Andrew Nguyen and two acquisitions by Jun Kaneko and Rose B. Simpson. “From every access point toward the museum, there will be works of public art so that people can almost use them as visual markers of arrival,” James Steward, its director, said.

Persons: Henry Moore, Louise Nevelson, Alexander Calder, Pablo Picasso, Diana Al, Hadid, Nick Cave, Jane Irish, Tuan Andrew Nguyen, Jun Kaneko, Rose B, Simpson, “, ” James Steward Organizations: Princeton University, Princeton University Art Museum

☆ If you can say these 6 phrases with confidence, you live a happier, more hopeful life than most
▼ + stars: | 2024-04-28 | by ( Dr. Alphonsus Obayuwana | In Alphonsusobayuwana | ) www.cnbc.com time to read: +5 min

After three decades researching human hope and happiness, I discovered a method you can use to measure your happiness. It's based on this simple equation: Hope ÷ Hunger = Happiness This math formula — hope divided by hunger equals happiness — says that the more hopeful and less hungry you are, the happier you become. If you're flourishing, on the other hand, it means you're happy, full of hope, and functioning well emotionally and socially. So if you can confidently make these six statements, you're flourishing — living a happier, more hopeful life than most people:1. When you have something to contribute, it means you're a consequential member of the community.

Persons: —, Hope, haven't

☆ The extraordinary ancient secret places hidden under Turkey
▼ + stars: | 2024-04-23 | by ( Lisa Morrow | ) edition.cnn.com time to read: +11 min

Less obviously visible but equally impressive are the historical treasures, some more than 12,000 years old, that can be found underground. Unlike the Basilica, this underground chamber was completely forgotten about until less than 15 years ago. Other than locals herding their livestock through the ruins of a garrison city dating to the 6th century, few people went there. Now, the site has given up numerous treasures including rock-cut tombs, an olive processing workshop and a series of underground cisterns. Yeraltı, literally meaning underground, was originally a dungeon in the basement of a fort built by the Byzantines in the 8th century CE.

Persons: James Bond, Theodosius II, Theodosius, Derinkuyu, tufa, émigrés, Han, Rümeli Han, Sarıcazade Ragıp Pasha, Sultan Abdülhamid II’s, Sancaklar, Göbeklitepe, Yeraltı, –, Fatih Sultan Mehmet, Grand Vizier Bahir Mustafa Paşa, dervish Organizations: CNN, Love, UNESCO, Şanlıurfa Archaeology Locations: Turkey, Europe, Asia, Russia, Faith, Istanbul, Constantinople, Fatih, Belgrade Forest, Valens, Dara, Mardin, Nevşehir, Cappadocia, Derinkuyu, Taksim, stairwells, Sancaklar, Büyükçekmece, Mecca, Göbeklitepe, everyone’s, Şanlıurfa, Karaköy, Yeraltı, Ottoman, Grand

☆ Opinion: Why gardens and poems rhyme
▼ + stars: | 2024-04-22 | by ( Opinion Tess Taylor | ) edition.cnn.com time to read: +7 min

This year, particularly, I’ve been meditating on the fact that gardens and poems share critical, linked invitations. And because even as the planet warms, gardens and poems help cool us off, practically and emotionally. I don’t think I’m overstating the case to say that time spent with poems and gardens build pathways that actually repair us. In their own small plots, poems build diverse networks as well: Sinking into the rhythms and pleasures of literature stimulates the parts of our brains attuned to empathy, helping us build attention, kindness, compassion, regard. Gardens and poems invite that kind of dwelling.

Persons: Tess Taylor, Tess Taylor Adrianne Mathiowetz I’d, I’d, I’ve, Andrew Marvell, Warren St, Brooklyn brownstones, ”, Emily Dickinson Organizations: “, CNN, Warren, Brooklyn, National Endowment, Arts, Gardens Locations: Brooklyn

☆ Big corporations are quietly taking over your medical practice. Some doctors and experts say it's ruining healthcare.
▼ + stars: | 2024-04-11 | by ( ) www.businessinsider.com time to read: +17 min

UnitedHealth Group struck a deal in March to buy the nine-state doctor group of the struggling hospital system Steward Health Care. AdvertisementDoctors are hot commoditiesIt's tough to lump the many buyers of medical practices together, as they're pursuing different strategies. Insurers like UnitedHealthcare and CVS' Aetna are required by federal law to spend most of the money they collect in premiums on medical care. Plus, running a modern medical practice is expensive, requiring investments in staffing, technology, and electronic health records. Advertisement"The corporate practice of medicine is the reason why healthcare costs are out of control," Li said.

Persons: —, UnitedHealth's Optum, That's, UnitedHealth, there's, They're, Farzad Mostashari, UnitedHealth's chokehold, Chas Roades, Yashaswini Singh, Singh, Roades, Nick Jones, they're, Optum, Jones, Mitch Li, Li, Michelle Cooke, Cooke, she's, Ben Bowman, Bowman Organizations: Service, UnitedHealth, Health Care, CVS Health, Walgreens, Physicians, Research, US Justice Department, CVS, Aetna, Brown University, Harvard Medical School, Oregon Medical Group, JAMA, Amazon, The Washington Post, Federal Trade Commission, US Department of Justice, Department of Health, Human Services, Oregon State, Corvallis Clinic Locations: Oregon, New York, UnitedHealth, Optum, California, The, Atlanta

☆ Why some people feel good about their bank accounts but bad about the economy
▼ + stars: | 2024-04-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

A recent Wall Street Journal poll of American voters in swing states found that while people think the national economy is in bad shape, they feel good about their personal finances. In Gallup polling from last April, just 16% rated the economy as “good” or “excellent,” but 45% said their personal finances were “good” or “excellent.”But according to available data the economy has improved. But the dichotomy between how people feel about their own finances and the economy at large presents a different conundrum. It’s important to look at consumer behavior and not just sentiment when determining how Americans feel about the economy, said Harris. Those behaviors signal that Americans, overall, actually feel pretty good about their economy.

Persons: New York CNN — Nathan Frederiksen, “, ”, ” Frederiksen, It’s, “ We’ve, I’ve, ” He’s, —, Wisconsin —, Joe Biden, Ben Harris, else’s, ” Harris, Harris, Jonathon Barricklow, Barricklow, we’d, Dave Koloskee, he’ll, Megan McCoy, we’re, ” McCoy, Julie Levitch, Suze Orman, she’s, I’m, ’ ”, ‘, they’re Organizations: New, New York CNN, CNN, Gallup, Economic, Brookings, Bureau of Labor Statistics, Facebook, Kansas State University, “, Finance, LinkedIn Locations: New York, Boise , Idaho, Arizona, Georgia, Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin, it’s, United States, Bowling Green , Ohio, East, Europe, Erie , Pennsylvania, Scottsdale , Arizona

☆ Sean 'Diddy' Combs' son accused of groping female steward on luxury charter yacht
▼ + stars: | 2024-04-06 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Read previewMusic mogul Sean "Diddy" Combs is once again entangled in legal problems related to sex crimes, AP reports. The plaintiff, Grace O'Marcaigh, filed a lawsuit against Sean Combs and his son, rapper Christian "King" Combs. In the suit, she alleges that Christian Combs assaulted her on a yacht chartered by his father in December 2022. Christian Combs' "penis was erect, and he grabbed her arms"The suit claims O'Marcaigh was then drugged and sexually assaulted by Christian Combs. AdvertisementThe suit accuses Sean Combs of intentionally failing to ensure a safe environment on the yacht.

Persons: —, Sean, Diddy, Combs, Sean Combs, Grace O'Marcaigh, Christian, King, Christian Combs, O'Marcaigh, Fraser, Aaron Dyer, Lucas Jackson Sean Combs, Rodney Jones Organizations: Service, Business, Los Angeles Superior Court, BI, REUTERS, Los Angeles, Superior Court Locations: The Bahamas

If you had the opportunity to hear activist investor Nelson Peltz, the defeated candidate for the Disney board, you did not get a definitive answer, as much as I pressed. In my CNBC interview with Peltz on Thursday, he assured us that he would be back if Iger didn't deliver on his promises. Iger talked about the board's succession committee, which former Morgan Stanley CEO James Gorman and now Disney board member, is on. They're confident that they'll pick the right person at the right time," Iger said on CNBC . I most feared the blowout in Disney stock in a fit of pique and right now I am not seeing that.

Persons: Walt Disney, Nelson Peltz, Peltz, Bob Iger, Iger, Bob, they'll, Jim, weren't, Iger's, Bob Chapek, Disney, Morgan Stanley, James Gorman, Chapek, Ike Perlmutter, it's, It's, Jim Cramer's, Jim Cramer, Joe Raedle Organizations: Walt, Disney, CNBC, Iger, Marvel Entertainment, ESPN, Fox, Warner Bros ., Club, Apple, Walt Disney World, Getty Locations: Orlando , Florida

BOSTON (AP) — Financially embattled hospital operator Steward Health Care has struck a deal to sell its nationwide physician network to Optum, a subsidiary of UnitedHealth Group, as it works to stabilize its finances. Maura Healey has said state monitors are keeping eye on the nine health care facilities operated by Steward Health Care in Massachusetts, including hospitals in some of the state’s poorer communities. Emails to Steward Health Care and Optum seeking comment were not immediately returned. Democratic U.S. Sen. Edward Markey said for-profit companies that participate in the health care system must understand that their decisions have direct impacts on patients and communities. “After years of gross profiteering and mismanagement, Steward’s latest plan raises more serious questions about the future of the Massachusetts health care system," Warren said in a written statement.

Persons: —, Maura Healey, Optum, David Seltz, ”, ” Seltz, Ronald Mariano, Democratic U.S . Sen, Edward Markey, ” Markey, “, Sen, Elizabeth Warren, Steward’s, Warren, Steward Organizations: BOSTON, Health Care, UnitedHealth, Steward Health Care, Department of Public Health, Steward, Democratic Massachusetts, Democratic U.S ., Health, Education, Labor, Primary Health Locations: Massachusetts, The Dallas, Boston, U.S

☆ Some VCs are over the Sam Altman hype
▼ + stars: | 2024-03-26 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +8 min

In late 2023, when OpenAI sought $300 million from investors, CEO Sam Altman chose a different approach. In some corners of this clubby world, over $7 coffee and artisanal cocktails, the meteoric rise of OpenAI and Sam Altman is giving way to an inevitable backlash. "He's a kingmaker," a Silicon Valley startup founder and angel investor who knows Altman. Sam Altman and OpenAI did not respond to requests for comment. A certain somethingMany of the VCs who spoke with BI said Altman has a certain something.

Persons: —, OpenAI, Sam Altman, Altman, they'd, I've, Ali Ghodsi, Altman's, Ghodsi, Steve Jobs's, Paul Graham, he's, Sam, Jack Altman, It's, it's, Elon, Alexander the Great, Adam Neumann Organizations: Service, NEA, Business, Altman's, The Washington Post, The, YC, BI, WeWork Locations: Sequoia, Silicon Valley, The, San Francisco

☆ Kevin O'Leary wants to buy TikTok at up to 90% discount. Here's why
▼ + stars: | 2024-03-22 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Kevin O'Leary is putting together a syndicate for a potential purchase of TikTok, with a starting bid of $20 billion to $30 billion — an up to 90% cut in valuation from the company's last funding round. Any deal for the short video-sharing platform — valued at $220 billion in 2023, according to PitchBook data — will likely exclude the user preference-based algorithms that have helped make it so successful, the O'Leary Ventures Chairman said on CNBC's "Street Signs Asia." "It's the largest entertainment and business network in America as it stands today, so it's of great interest and great value," he said on Friday. But it is not likely that the Chinese government will sell the algorithms, "so what you're getting is the valuable domestic brand TikTok and 170 million users, with no data," O'Leary said. A potential buyer will have to "re-emulate" those algorithms with U.S. code and act as a "steward" to transform the platform from "TikTok China to TikTok U.S.A." Hence the valuation cut.

Persons: ByteDance, Kevin O'Leary, O'Leary Organizations: U.S . House, O'Leary, TikTok Locations: TikTok, Culver City , California, America, China

☆ Cybersecurity startup Cyera is set to triple its valuation to as high as $1.55 billion in a new funding round, sources say
▼ + stars: | 2024-03-12 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +1 min

Cyera is a cybersecurity startup founded in 2021 by two veterans of The Israel Defence Forces. It is raising funding that values the company at as much as $1.55 billion, three sources told BI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCyera, a New York-based data security startup founded in 2021, is raising a new funding round that values the company at as much as $1.55 billion, three sources familiar with the matter told Business Insider. The startup is raising $150 to $200 million in this latest round, according to multiple sources.

Persons: Douglas Leone, — Organizations: Israel Defence Forces, Sequoia Capital, Service, Accel, Business Locations: New York

☆ How Wealthy Investors Got Rich Looting America's Needy Hospitals
▼ + stars: | 2024-03-11 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +21 min

That added to the massive debt burdens already placed on the hospitals by their for-profit owners, deepening their financial woes. In January, MPT reported that its biggest tenant, a nationwide chain of 32 hospitals called Steward, could no longer pay its rent. The core idea was simple: to buy hospital real estate, pocket the lease payments, and use the money to reward investors. The more hospital real estate that MPT buys, the more money it makes in rent payments from the hospitals. But that doesn't mean that MPT's leaders didn't get rich off its hospital deals.

Persons: Leonard Green, Sherman Cahal, Rob Simone, Hedgeye, MPT, Steward —, Justin Simon, Jasper Capital, they've, Ed Aldag, Eddie Lampert's, Eileen Appelbaum, Rosemary Batt, MTP, Marc Rowan, Richard Mortell, Leonard Green couldn't, they'd, Stephen Feinberg, Ralph de la Torre, Steward, Simone, Cerberus, Chandan Khanna, That's, de la, de la Torre, la Torre, Amaral, Aldag, Apollo, Eileen O'Grady, Moody's, didn't, Sen, Chuck Grassley Organizations: Northside Regional Medical Center, Ohio Valley Medical, East Ohio Regional Hospital, Luke's Medical, Glenwood Regional Medical Center, Medical Properties Trust, Jasper, Sears, Bain Capital, Affordable, Cornell University, Business, Third Coast Real Estate Capital, Cerberus, Health Care, Boston Globe, Bloomberg, Getty, Easton Hospital, Local, de la Torre, la, MediaNews, Boston Herald, Prospect, Private, Yale New Haven Health, Yale, Apollo, MPT, SEC, Republican, Senate Finance Locations: Youngstown , Ohio, Ohio, Wheeling , West Virginia, Martins Ferry , Ohio, St, Luke's, Phoenix, Massachusetts, West Virginia, California , Pennsylvania, Texas, Pennsylvania, Louisiana, America, Alabama, MPT, Greater Boston, Steward, Easton, Lehigh, Elizabeth's, Boston, Connecticut, it's

☆ Federal Reserve Chair Jerome Powell Will Help Decide the 2024 Election
▼ + stars: | 2024-03-11 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Beyond the academic argument, whether the Fed cuts interest rates has a significant political bearing this year. Voters are unhappy about higher prices, and they feel weighed down by high interest rates, too. Interest rates may seem abstract, but they can have a real impact on how people view their financial situations. But lowering interest rates should make people feel better about economic conditions and could give Democrats and Biden a boost. He's well aware lower interest rates would boost the economy, lift people's moods, and, ultimately, help the party in charge.

Persons: Jay Powell, — Donald Trump —, Powell, Joe Biden, Patrick McHenry, McHenry, Skanda Amarnath, it's, Larry Summers, Biden, Amarnath, — Trump, Hillary Clinton's, Richard Nixon, Ronald Reagan, Paul Volcker, Volcker, shied, Trump, Elizabeth Pancotti, Sarah Binder, Binder, what's, They've, Diane Swonk, Emily Stewart Organizations: Federal, Trump, Republican, Financial Services, Fed, Roosevelt Institute, George Washington University, Reserve, KPMG US, Business Locations: North Carolina, It's, America, Roosevelt

Tina Kotek wants to scrap a plan to implement tolls on large sections of two Portland-area interstates, she said Monday. Kotek sent a letter to the Oregon Transportation Commission on Monday saying the Regional Mobility Pricing Project for Interstate 5 and Interstate 205 should be halted, KGW-TV reported. Kotek’s letter came a few weeks after a survey found a majority of Oregon voters opposed the Regional Mobility Pricing Project tolls, KOIN-TV reported. Photos You Should See View All 60 ImagesThe move also came after the Oregon Department of Transportation produced a report on the equity impacts of tolling and the agency’s plan to mitigate the impacts on low-income Portlanders. Beyer said “metro leadership views on tolling have changed” and “local and regional opposition to tolling makes clear that Oregon is not ready for regional tolling."

Persons: Tina Kotek, Kotek, ”, Julie Brown, Lee Beyer, Kris Strickler, Beyer, Strickler, ” Brown, ” Kotek, Washington that’s Organizations: —, Oregon Transportation, Oregon Department of Transportation, ” Oregon Transportation, Washington Locations: PORTLAND, — Oregon, Portland, Oregon, ” Oregon

☆ Live Updates: South Carolina Voters Head to Polls for G.O.P. Primary
▼ + stars: | 2024-02-24 | by ( Maya King | ) www.nytimes.com time to read: +4 min

Throughout his 2024 bid, Mr. Trump has portrayed the United States under the Biden administration as a nation in steep decline. First, he will conjure a dark vision of what he sees as the future under Mr. Biden. Mr. Biden has frequently argued that he has been a better steward of the economy than Mr. Trump, whom he portrays as having undercut working-class Americans. Under Mr. Biden, the economy grew 3.1 percent from the end of 2022 to the end of 2023. But Mr. Trump has backed off those promises in the face of polls showing that non-Republican voters are concerned that he poses a threat to democracy.

Persons: Donald J, Biden, Trump, ” Mr, Bidenomics, MAGAnomics, Trump’s, Mr, Nikki Haley, ”, “ Organizations: Republican, Trump, Conservative Political, Conference, The New York Times, Mr, Justice Department Locations: South Carolina, Washington, United States, CPAC

WASHINGTON (AP) — Special Counsel Robert Hur on Thursday released his long-awaited report on President Joe Biden's handling of classified documents, concluding that Biden had “willfully” retained and disclosed highly classified materials when he was a private citizen. The special counsel report will hardly be helpful to Biden on that count. Biden’s memory was significantly limited” in interviews with the special counsel office as well as with a ghostwriter that Biden worked with. In his interview with the special counsel’s office, Hur writes, Biden twice appeared confused about when his term as vice president ended. Still, Trump can now cite special counsel Robert Hur’s finding that Biden retained and disclosed highly classified materials.

Persons: Robert Hur, Joe Biden's, Biden, “, ”, Donald Trump's, Hur, stashed, Weeks, —, he's, Beau’s, ‘, General Karl Eikenberry, Eikenberry, Mr, approvingly, Obama, it's Trump, Trump, Robert Hur’s, Jason Miller, Jack Smith’s, Hillary Clinton’s, James Comey, Clinton, Thursday’s Organizations: WASHINGTON, Democratic, Trump, FBI, Biden, TRUMP, Republican, White, U.S . Capitol, State Department Locations: Afghanistan, Delaware, Lago, Florida, Washington

☆ I've stayed in 3 types of rooms on cruises, and the cheapest was never worth it. Here's what to book instead.
▼ + stars: | 2024-02-05 | by ( Sarah Gilliland | ) www.businessinsider.com time to read: +6 min

Read previewAutomatically booking the cheapest room on a cruise ship without doing proper research first can ruin a trip. Sarah GillilandThe standard (and least expensive) room on any cruise ship is typically called an inside or interior stateroom. I've stayed in interior staterooms on a Carnival Cruise Line ship and a Disney Cruise Line ship. Sarah GillilandYou can open your curtains and enjoy the sights outside, similar to the experience of staying in an ocean-view stateroom. To make the most of the balcony staterooms, we even turned our individual verandas into one large terrace by having our steward remove the partitions between rooms.

Persons: —, who's, I've, Sarah Gilliland Organizations: Service, Business, Cruise, Disney Cruise, Disney, Royal, Royal Caribbean's Symphony, Cruises Locations: Royal Caribbean

☆ Billionaire David Steward celebrates Black Heritage by encouraging others to give back
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire David Steward celebrates Black Heritage by encouraging others to give backFor Black Heritage Month, Worldwide Technology founder & Chairman David Steward is encouraging people to help others.

Persons: Billionaire David Steward, David Steward Organizations: Billionaire, Black Heritage, Black Heritage Month, Worldwide Technology

☆ These market signals suggest recession fears aren’t gone yet
▼ + stars: | 2024-02-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

The Dow Jones Transportation Average, which tracks 20 US transportation stocks from railroads to airlines to delivery, has fallen 1.6% so far this year, underperforming the broader Dow industrials’ 2.2% gain. As that optimism dims, some investors worry that the decline in transportation stocks suggests rough times ahead for the economy. The transportation index tends to fall when the economy deteriorates, as demand for travel and goods wanes. Turmoil in the airline industry also likely contributed to the recent slide in transportation stocks. But net profit fell 14% to €4.9 billion ($5.3 billion) as its tax bill rose.

Persons: CH, , ”, Mark Luschini, Janney Montgomery Scott, Russell, Howard Silverblatt, Dow, effusively, ”, Luschini, Jason Heller, “ I’m, Hanna Ziady, Sewing, Read, Tod Steward, He’s, It’s, Parija Kavilanz, Steward, Steward hasn’t, “, haven’t, that’s Organizations: CNN Business, Bell, New York CNN, Dow Jones Transportation, Dow, CH Robinson Worldwide, United Parcel Service, Avis Budget Group, Alaska Air Group, Federal Reserve, Alaska Airlines Boeing, Max, Apple, Microsoft, Meta, Dow Jones, Tesla, Coastal Wealth, Deutsche Bank, Super Bowl, CNN Locations: New York, Seattle

☆ Wings, shrimp and booze: Super Bowl party hosts budget carefully this year
▼ + stars: | 2024-02-01 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

“The only time I use my grill that’s outside on my deck is for my Super Bowl party,” said Steward, in an interview with CNN. Tricks to manage the costThis year is the 26th year that San Francisco resident Amy Larson and her husband are throwing their Super Bowl party. “Super Bowl every year is my excuse to make him tailgating food, in particular hot wings,” she said. Over the years, Larson has perfected a few tricks to manage her Super Bowl food budget. “I also usually buy spirits and other drinks but I’m not sure about that either because of the higher prices,” Steward said.

Persons: Tod Steward, He’s, It’s, ”, Steward, Steward hasn’t, “, haven’t, that’s, ” Tod Stewart, Tod Steward There’s, Debbie Downer, ” Michael Swanson, Swanson, ” Swanson, Amy Larson, Larson, Amy Larson's, Amy Larson “, ” Larson, he’s, ” Steward, –, Alicia Wallace Organizations: New, New York CNN, Super Bowl, CNN, Wells Fargo, San, Bowl, Super Locations: New York, Seattle, Wells, San Francisco, Bay

GENEVA (AP) — Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa. Zurich-based Julius Baer said it was exiting the private debt business and the annual results reflected net credit losses of 606 million Swiss francs (about $702 million) — 586 million francs of which included a loan-loss allowance for unspecified private debt exposure. Photos You Should See View All 45 ImagesShares of Julius Baer were up nearly 6% to 50.02 Swiss francs in midmorning trading Thursday on the SIX Swiss Exchange following the news. Media reports said the bank's troubles were linked to Signa, but Julius Baer didn't specify. The bank announced the exposure to private debt issues in November, comprised of three loans to different entities at a “European conglomerate” active in commercial real estate and luxury retail.

Persons: — Julius Baer, Romeo Lacher, Julius Baer, Philipp Rickenbacher, Nic Dreckmann, Julius Baer didn't Organizations: GENEVA, Signa, SIX Swiss Exchange, Media, Credit Suisse, UBS Locations: Swiss, Austrian, Zurich, Vienna

NEW YORK (AP) — Journalists at The New York Daily News and Forbes walked off the job Thursday amid contentious contract talks with management and a difficult few weeks in the news industry. The one-day strike at the Daily News coincides with Forbes walkout, which runs through Monday. The labor union's actions come at a tumultuous time for media outlets, an increasing number of which are owned by billionaires. This week, Time magazine and Condé Nast, the publisher of Vogue, Vanity Fair, GQ and other marquee magazines, both announced significant job cuts. Forbes spokesperson Laura Brusca said the company is “working diligently” to reach a contract with the union.

Persons: “ Alden, Condé Nast, Jeff Bezos, Alden Global, Michael Gartland, they’re, “, Andrea Murphy, ”, didn’t, Laura Brusca, ” Murphy Organizations: — Journalists, The New York Daily News, Forbes, Daily, Daily News, Strikers, York, Vogue, GQ, Condé Nast, Los Angeles Times, The Washington Post, Amazon, Sports, Alden Global Capital, Alden, The Daily News Locations: New York, Manhattan

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