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☆ Cruise lines' private islands are having a renaissance. These are the 3 reasons they need it now more than ever before.
▼ + stars: | 2024-03-23 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

To cruise lines, they're cash cows. Related storiesThese are the three reasons cruise-run private destinations have become so important. Amid rising fuel costs, it's easy to see why cruise lines would want to plan more itineraries around these nearby stops. Private destinations keep profits in-houseThe bar had two halves: one on land and the other at pool level. And because there's no need to rely on other excursion operators, they allow cruise lines to keep more profits in-house.

Persons: —, Patrick Scholes, Michael Bayley, Naftali Holtz, it's, Scholes, wouldn't, Linken D'Souza, Brittany Chang, Josh Weinstein, Jason Liberty, Simone Padovani, CHANDAN KHANNA, They're Organizations: Service, Royal, Business, Truist Securities, Disney Cruise Line, Disney Cruise, Holland America, MSC, Royal Caribbean International, Royal Caribbean Group, Beach, cabanas, Carnival Corp, Private, Hideaway, Disney, Key, Getty Locations: Miami, Bahamas, CocoCay, Caribbean, Honduras, Belize, Eleuthera, Cay, Holland, Royal Caribbean, Paradise, Nassau, Florida, cabanas, Royal, Orlando, Venice, Italy's Giudecca, Santorini, Greece, Key West , Florida, California, Alaska , Maine, Europe, Juneau , Alaska, French Polynesia, Italy

☆ Masseuse accuses New York Knicks owner Jim Dolan of sexually assaulting her and looking the other way when Harvey Weinstein did, too
▼ + stars: | 2024-01-16 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

"James Dolan manipulated me, brought me to California to abuse me, and then set me up for a vicious attack by Weinstein," Croft said. "Towards the end of the massage, Dolan pulled Ms. Croft towards him. "On each of these occasions, Dolan made unwelcome advances toward Ms. Croft, and she felt obligated to submit to sex with him." Croft told Dolan that she met Weinstein and that he was "sexually aggressive" with her, and Dolan did not "express any surprise at the news," the lawsuit says. Perry continued: "Mr. Dolan always believed Ms. Croft to be a good person and is surprised she would agree to these claims.

Persons: —, masseuse, Jim Dolan, Harvey Weinstein, Dolan, Weinstein, Kellye Croft, James Dolan, Croft, Croft's, Frank Franklin II, Weinstein —, ETIENNE LAURENT, Danya Perry, Perry, Mr, Douglas Wigdor, Wigdor, Jennifer Bonjean Organizations: Service, Business, Garden Entertainment Corp, New York Knicks, New York Rangers, Attorneys, Eagles, JD, Azoff Company, NBA, Toronto Raptors, AP, Getty Locations: Madison, California, Miami, Los Angeles, New York, Dolan's, Angeles

☆ Saba Capital's 2023 woes continue. Two of its funds are down more than 10% this year.
▼ + stars: | 2023-11-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

The two biggest funds at Boaz Weinstein's Saba Capital are down by more than 10% this year. According to HSBC's weekly report, the flagship fund has lost close to 12%. Weinstein came into 2023 bearish about the economy, which has been resilient despite rising rates. Saba Capital — the $4.8 billion hedge fund manager run by Boaz Weinstein — hasn't had the best year. Two of its funds — the flagship and a more hedged version — are down 11.9% and 10.6%, respectively, through November 10, according to the latest edition of HSBC's Hedge Weekly.

Persons: Boaz Weinstein's, Weinstein, Boaz Weinstein — hasn't, — Organizations: Saba, HSBC's, Financial Times, Federal Reserve, Business Locations: Boaz Weinstein's Saba, Saba Capital, New York

☆ Donald Trump Jr. asked courtroom artist to make him 'look sexy' like an illustration of Sam Bankman-Fried
▼ + stars: | 2023-11-02 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

"Make me look sexy," Donald Trump Jr. told a courtroom illustrator after he finished testifying Thursday. The ex-president's son pointed out an image of Sam Bankman-Fried as inspiration. "He said, 'Make me look sexy,'" illustrator Jane Rosenberg told Insider. Eric Trump and Donald Trump Jr., both executives at the company, are co-defendants and testified this week. On the witness stand, Trump Jr. said he had no involvement in preparing documents about the Trump Organization's finances, even though he signed off on them.

Persons: Donald Trump Jr, Sam Bankman, Jane Rosenberg, —, Donald Trump, Rosenberg —, who's, Tom Brady, Harvey Weinstein —, Trump, Rosenberg, Sam Bankman Fried, 8l7Nn0zCN2 — Tom Breen, @TJBreen, Kimberly Guilfoyle, Letitia James, Eric Trump, Fried, Lewis Kaplan, Kaplan Organizations: Service, Trump Organization, Trump Jr, Reuters, New York, Trump, Alameda Research Locations: New York, Manhattan, Alameda

☆ It’s official: Silicon Valley’s entire business model is a scam
▼ + stars: | 2023-07-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

The problem is, conservative economists at the University of Chicago have spent the past 50 years insisting that under capitalism, predatory pricing is not a thing. Predatory companies could never recoup their losses, which meant predatory behaviors are irrational. Lots of economists have come up with solid counter-counterarguments to the Chicago School's skepticism about predatory pricing. A company that engages in predatory pricing and its late-stage investors might not recoup, but the venture investors do. "If people in Silicon Valley start thinking about this as a predatory pricing scam, then I think the late-stage investors will start asking questions."

Persons: Matt Wansley, Wansley, we're, Uber, Cardozo, Sam Weinstein, gobs, you've, —, Brooke, Spencer Waller, Matsushita, Weinstein —, Justice Department —, it's, Weinstein, Matt, that's, Will Uber, Waller, David, Maurer, they've, Adam Rogers Organizations: Lyft, Big Tech, Cardozo School of Law, Justice Department, University of Chicago, Chicago School, Supreme, Matsushita Electric Industry Co, Zenith Radio Corp, Brooke Group, Brown & Williamson Tobacco Corp, United, Loyola's School of Law, Venture, Matsushita, VCs, Chicago, Loyola, pharma, aha, Wansley Locations: United States, Chicago, Silicon Valley, Silicon

☆ The QAnon Shaman's plan to get his guilty plea reversed is 'silly' — and might land him back in prison, ex-prosecutor says
▼ + stars: | 2023-07-18 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

The QAnon Shaman, who pleaded guilty to his January 6 involvement, wants his plea reversed. "Regrets only weigh down the mind," Chansley told the BBC in a report published this week. Chansley told the news outlet that statements his former lawyer made in an attempt to get him a lesser sentence were not true. "I never said I was duped by [former President Donald] Trump," Chansley told the BBC. Meanwhile, Aidala told Insider that Chansley should be "grateful that he is no longer incarcerated and that he has his freedom."

Persons: Jacob Chansley, Jacob Chansley's, Arthur Aidala, Ghislaine Maxwell, Harvey Weinstein —, He's, Aidala, Chansley, Donald, Trump, Q, Albert Watkins, Watkins, Lil Wayne Organizations: Service, Capitol, BBC, Trump Locations: Brooklyn , New York, Wall, Silicon

☆ Hunter Biden's apparent no-jail plea deal is 'far from standard operating procedure,' former prosecutor says
▼ + stars: | 2023-06-20 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

Hunter Biden's plea deal with federal prosecutors is "far from standard operating procedure," a legal expert said. The president's son has agreed to plead guilty to two criminal misdemeanors of failing to pay income tax. Bederow, who called Hunter Biden's reported full payment back to the IRS a "significant factor," added that it's "fair" to question whether Hunter Biden received special treatment in the case. Despite owing in excess of $100,000 in federal income taxes each year, he did not pay the income tax due for either year." "At the end of the day, at least for now, Hunter Biden will be a convicted tax cheat," said Bederow.

Persons: Hunter, Biden, —, Joe Biden, Hunter Biden, Hunter Biden wouldn't, Arthur Aidala, Aidala, what's, Ghislaine Maxwell, Harvey Weinstein —, he's, It's, David Weiss, Donald Trump, Mark Bederow, Joe Schmo, Bederow, Hunter Biden's, Trump, Weiss Organizations: Service, Justice Department, Prosecutors, Associated Press, The Washington, Delaware Locations: Brooklyn, Manhattan

Amid "continued demand momentum" for the cruise industry, JPMorgan is bullish on Carnival . The bank upgraded the cruise liner's shares to overweight from neutral in a Monday note. Analyst Matthew Boss also raised his price target to $16 from $11, implying more than 22% upside from Friday's close. Boss underscored Weinstein's comments that Carnival is "no longer riding the coattails of a post-pause pent-up." "On the top-line, we came away confident in current trends with all three management teams," Boss said.

Persons: Matthew Boss, Boss, Josh Weinstein —, —, — CNBC's Michael Bloom Organizations: JPMorgan, CCL

In 2019, Martin Scorsese said that Marvel movies were “not cinema” and worried cinema was being “invaded” by them. As it happens, I’m not a fan of Marvel films either. For almost the entire history of movies, women haven’t had access to the capital required to make them. There were at least 15 women directors in the commercial film industry during that time. That’s dismal but more than twice as high as the number of female film directors of the same era.

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