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☆ BlackRock's IBIT becomes largest spot bitcoin ETF, surpassing Grayscale's GBTC: CNBC Crypto World
▼ + stars: | 2024-05-30 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock's IBIT becomes largest spot bitcoin ETF, surpassing Grayscale's GBTC: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Lynn Martin, president of NYSE Group, explains a new collaboration with CoinDesk Indices and Katherine Dowling, general counsel & CCO at Bitwise Asset Management, discusses crypto ETFs from Consensus 2024.

Persons: Grayscale's, explainers, Lynn Martin, Katherine Dowling Organizations: Grayscale's GBTC, CNBC Crypto, CNBC, NYSE Group, CoinDesk, Bitwise Asset Management

☆ Taco Bell’s oversized Cheez-It collab is finally going nationwide
▼ + stars: | 2024-05-30 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —One of the most eagerly anticipated items ever made by Taco Bell is finally getting a nationwide release. The “Big Cheez-It Tostada” layers ground beef, reduced-fat sour cream, tomatoes, lettuce and cheddar cheese on the cheesy cracker for $3.49. Taco Bell is also adding a "Big Cheez-It Box" to menus for a limited time. Like other fast food chains, Taco Bell’s parent, Yum Brands, isn’t resistant to a slowdown in consumer spending, especially among lower-income diners. Shares of Yum Brands (YUM) have risen nearly 5% for the year.

Persons: Taco Bell, Taco, ”, Bell, nacho Organizations: New, New York CNN, Taco Bell, Bell, Yum Brands, KFC Locations: New York

☆ Salesforce shares tumble 20%, on pace for worst day since 2004
▼ + stars: | 2024-05-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Photographer: David Odisho/Bloomberg via Getty ImagesShares of Salesforce tumbled 20% Thursday morning, putting the stock on pace for its worst day in nearly 20 years. Its worst trading day on record is July 4, 2004, when shares fell 27% just days after the company went public. Salesforce expects second-quarter adjusted earnings per share of $2.34 to $2.36 on $9.2 billion to $9.25 billion in revenue. Goldman Sachs analysts reiterated their buy rating on the stock and said they view Salesforce as a "high-quality software franchise." Goldman Sachs analysts said in a note Wednesday that Salesforce is "an under-appreciated Gen-AI winner."

Persons: Marc Benioff, Benioff, David Odisho, Salesforce, LSEG, Salesforce's, Goldman Sachs, Morgan Stanley, — CNBC's Michael Bloom, Jordan Novet Organizations: Salesforce.com Inc, Bloomberg, Getty, Citi Locations: San Francisco , California, Francisco's

☆ My adult kids live at home. Space is tighter and costs are higher, but it might be the best way for them to save enough money to buy a house.
▼ + stars: | 2024-05-30 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

We've got three adult children, and two of them have boomeranged after college. I also look at the low interest rates from the pandemic, trying to prop up the economy. Interest rates — people don't want to move out of their homes when they have good interest rates. They don't sell because they know they're going to get into a new mortgage with higher interest rates. We feel like we're blessed that our adult kids want to spend some time with us.

Persons: —, Alex Gonzalez, Gonzalez, We've, it's, They're Organizations: Service, Business, Utilities Locations: Bloomington , Minnesota, Minneapolis

☆ Fintech targeted by climate skeptics banks $37 million from likes of UBS, Commerzbank
▼ + stars: | 2024-05-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

From left to right: Johan Pihl, Doconomy's chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. DoconomySwedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it's raised 34 million euros ($36.9 million) from leading European banks, including UBS and Commerzbank . Credit ratings agency S&P Global came on board as a new investor, while existing shareholders Motive Ventures, PostFinance and Tenity also participated. watch nowDoconomy plans to use the fresh cash to drive expansion into North America and roll out new products, CEO and co-founder Mathias Wikstrom told CNBC in an interview. Mathias Wikstrom CEO, Doconomy

Persons: Johan Pihl, Mathias Wikstrom, it's, Tenity, Wikstrom, Jordan Peterson, It's, Doconomy Organizations: CNBC, UBS, Commerzbank, UBS Next, P Global, Motive Ventures, PostFinance, Boston Consulting Group, Mastercard, United Nations, Dreams Technology, Citi Ventures, Ikea Locations: Sweden, North America

☆ MongoDB shares sink 23% after management trims guidance
▼ + stars: | 2024-05-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Concerning guidance, the company called for adjusted fiscal second-quarter earnings of 46 cents to 49 cents per share, with $460.0 million to $464.0 million in revenue. Analysts surveyed by LSEG were looking for 58 cents in adjusted earnings per share and $470.4 million in revenue. MongoDB trimmed its 2025 fiscal-year forecast, which now stands at $2.15 to $2.30 in adjusted earnings per share and $1.88 billion to $1.90 billion in revenue. Three months ago, the forecast was adjusted earnings per share of $2.27 to $2.49 and revenue of $1.90 billion to $1.93 billion. Analysts had predicted $2.50 in adjusted earnings per share on $1.93 billion in revenue.

Persons: Dev Ittycheria, Salesforce

☆ Simone Biles steps up Olympic preparation at Xfinity US Gymnastics Championships
▼ + stars: | 2024-05-30 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Simone Biles continues her journey to a third Olympic Games as she competes at this week’s Xfinity US Gymnastics Championships. All podium training sessions will be available to watch on FlipNow.tv – USA Gymnastics’ streaming service – while Peacock, NBC and CNBC will broadcast the main sessions. More viewing details are available on the USA Gymnastics website. Suni Lee competes in the balance beam at the Core Hydration Classic. She took the balance beam title at the Core Hydration Classic with a score of 14.600.

Persons: CNN — Simone Biles, Suni Lee, Lee, Biles, Jordan Chiles, Jade Carey, Gabby Douglas, Peacock, Charly Triballeau, Biles ’, Shilese Jones, Chiles Organizations: CNN, Games, Tokyo Games, Olympic, Paris Olympics, NBC, CNBC, USA, YouTube, Getty, Tokyo Locations: Fort Worth , Texas, Paris, AFP

Here's our breakdown of Dead & Company's 2024 Las Vegas residency schedule, purchasing details, and price comparisons for original and resale tickets. Dead & Company 2024 tour scheduleThe 2024 Las Vegas Sphere residency for Dead & Company includes 24 shows between May 16 and July 13. Date City Vivid Seats prices StubHub prices Time May 30, 2024 Las Vegas, Nevada $83 $87 7:30 p.m. May 31, 2024 Las Vegas, Nevada $90 $87 7:30 p.m. June 1, 2024 Las Vegas, Nevada $114 $118 7:30 p.m. June 6, 2024 Las Vegas, Nevada $143 $146 7:30 p.m. June 7, 2024 Las Vegas, Nevada $126 $126 7:30 p.m. June 8, 2024 Las Vegas, Nevada $170 $166 7:30 p.m. June 13, 2024 Las Vegas, Nevada $122 $130 7:30 p.m. June 14, 2024 Las Vegas, Nevada $128 $135 7:30 p.m. June 15, 2024 Las Vegas, Nevada $141 $145 7:30 p.m. June 20, 2024 Las Vegas, Nevada $126 $136 7:30 p.m. June 21, 2024 Las Vegas, Nevada $144 $157 7:30 p.m. June 22, 2024 Las Vegas, Nevada $148 $152 7:30 p.m. July 4, 2024 Las Vegas, Nevada $117 $119 8:00 p.m. July 5, 2024 Las Vegas, Nevada $99 $103 7:30 p.m. July 6, 2024 Las Vegas, Nevada $95 $97 7:30 p.m. July 11, 2024 Las Vegas, Nevada $121 $130 7:30 p.m. July 12, 2024 Las Vegas, Nevada $130 $136 7:30 p.m. July 13, 2024 Las Vegas, Nevada $183 $188 7:30 p.m. How to buy tickets for Dead & Company's 2024 concert tourYou can buy original tickets to Dead & Company's 2024 tour at Las Vegas' Sphere on Ticketmaster. With Dead & Company's Sphere Las Vegas residency concluding on July 13, it's possible that additional tour dates could be added elsewhere later in the year.

Persons: Bob Weir, Mickey Hart, John Mayer, Oteil Burbridge, Jeff Chimenti, Jay Lane, We've Organizations: Business, Dead & Company, Company, Ticketmaster, Dead & Locations: Las Vegas, Vegas, Vegas , Nevada

☆ Apple lets YouTuber MKBHD inside its stress-test labs, where machines subject iPhones to water jets and drop tests
▼ + stars: | 2024-05-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Apple puts its devices through some intense durability tests. It tests thousands of devices before releasing a product, Apple's engineering head said. In the videos, iPhones are submerged in water, dropped on the ground, and sprayed with a hose. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: —, Marques Brownlee, Brownlee, iPhones, John Ternus, Apple's Organizations: Apple, Service, Business

☆ Ancient Skull With Brain Cancer Preserves Clues to Egyptian Medicine
▼ + stars: | 2024-05-29 | by ( Jordan Pearson | ) www.nytimes.com time to read: +1 min

Fluctuating disease rates, innovative treatments and talk of “moonshots” in the White House may make cancer seem like a modern scourge. But a new discovery highlights how humans dealt with the illness and hunted for cures as far back as the time of the ancient Egyptians. Scientists led by Edgard Camarós, a paleopathologist at the University of Santiago de Compostela in Spain were studying an approximately 4,600-year-old Egyptian skull when they found signs of brain cancer and its treatment. This discovery, reported in a study published Wednesday in the journal Frontiers in Medicine, suggests that ancient Egyptians studied brain cancer using surgery. If the cuts were made while the person was alive, they may have even attempted to treat it.

Persons: Edgard Camarós, ”, Camarós, Tatiana Tondini, Albert Isidro Organizations: University of Santiago, University of Tübingen, University Hospital Sagrat Locations: University of Santiago de Compostela, Spain, Germany, Medicine

☆ Subway is bringing back the footlong cookie after it disappeared for four months
▼ + stars: | 2024-05-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Rest easy, America: Subway’s footlong cookie is back. Following a four-month long disappearance, Subway announced Wednesday the “triumphant return” of the oversized chocolate chip cookie, which was pulled from many restaurants less than two weeks after its January debut because of massive demand. “The Footlong Cookie has delighted millions of Americans since their first bites in January, sparking unprecedented demand over the last several months,” Paul Fabre, Subway’s senior vice president of culinary and innovation, said in a press release. Subway could use a boost: Its location count continues to dwindle, closing more than 400 restaurants in the US last year. Subway finished the year with its smallest number of US restaurants (20,133) since 2005.

Persons: Auntie Anne’s, Cookie, ” Paul Fabre, Subway’s, Fabre, “, DoorDash, Uber Organizations: New, New York CNN, Subway Locations: New York, America

☆ Salesforce shares plunge 16% on first revenue miss since 2006
▼ + stars: | 2024-05-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Analysts surveyed by LSEG had expected $2.40 in adjusted earnings per share on $9.37 billion in revenue. It's the first time since 2006 that Salesforce fell short on revenue, according to LSEG data. The company now expects adjusted earnings of $9.86 to $9.94 per share, compared with $9.68 to $9.76 three months ago. Analysts polled by LSEG were looking for $9.76 in adjusted earnings per share and $38.08 billion in revenue. During the quarter, Salesforce started selling its Einstein Copilot assistant sales and customer service reps.

Persons: Marc Benioff, LSEG, Salesforce, Einstein, Slack, Robert Hum Organizations: Economic, Revenue, Professional Services Locations: Davos, Switzerland

☆ An intensifying Republican-led legal campaign alleging big advertisers colluded to defund conservative media is rankling the ad industry
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Judiciary Committee's probe has sought documents related to discussions about advertising on "The Joe Rogan Experience" podcast. GARM and its members developed a "brand safety floor and suitability framework" for the industry to adopt. Jordan and the House Judiciary Committee issued wide-ranging subpoenas to both GARM and the WFA last year as part of the probe. The CEOs were also told to preserve all existing and future records related to their companies' work with GARM. Advertisement"GARM's members and board members are senior advertisers," a marketing executive close to GARM said.

Persons: —, Jim Jordan, GARM, Sherman, Jordan, Ørsted, Joe Rogan, Elon, Vivian Zink, Ørsted didn't, Rob Rakowitz, Unilever —, Breitbart, Joe Rogan's, Ben Shapiro, Michael Brochstein, Jim Jordan's, Lou Paskalis, Ad Fontes Media's Paskalis, Paskalis Organizations: Service, Global Alliance, Responsible Media, Business, Spotify, Syfy, NBCU, Getty, World Federation, YouTube, WFA, Diageo, GroupM, Procter, Gamble, Unilever, Steer Team, Fox News, Daily, Republican, Federalist, US Department of State, Ad Fontes Media Locations: Ohio, GARM, Jordan, Texas

☆ Walgreens is cutting prices on 1,500 items, joining Target, Walmart and Amazon
▼ + stars: | 2024-05-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Walgreens is joining other retailers in cutting prices across the board, from snacks to toiletries and even Squishmallows, in an effort to lure back inflation-weary shoppers turned off by high prices. Prices are dropping immediately on more than 1,500 items online and at its stores, which include both name and store brands, Walgreens announced Wednesday. In the past few weeks, competitors including Target, Walmart and Amazon slashed prices on thousands of household goods to rev up consumer spending. “Walgreens understands our customers are under financial strain and struggle to purchase everyday essentials,” said Tracey D. Brown, Walgreens’ retail president and chief customer officer, in a release. Meanwhile, a host of other retailers report earnings Thursday, including Dollar General and Costco.

Persons: ”, Tracey D, Brown, “, we’ve, Alliance’s, isn’t, Sarah Wyeth, “ There’s, ” Wyeth, Parija Kavilanz Organizations: New, New York CNN, Walgreens, Target, Walmart, Dollar, Costco, Shoppers Locations: New York

☆ McDonald’s: Our prices haven’t risen as much as you think
▼ + stars: | 2024-05-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —McDonald’s has a message for America: Rumors of Big Mac inflation are greatly exaggerated. “The average price of a Big Mac in the U.S. was $4.39 in 2019,” he said. That’s an increase of 21% (not 100%).”What Erlinger wants customers to know is not that high-priced McDonald’s burgers don’t exist at all. Erlinger is fighting back because McDonald’s pricey burgers have become something of a symbol of elevated fast food prices. “It’s imperative that we continue to keep affordability at the forefront for our customers,” McDonald’s CEO Chris Kempczinski said during an April 30 analyst call.

Persons: New York CNN — McDonald’s, McDonald’s, Joe Erlinger, ”, “, they’re, Chris Kempczinski, NOA, Erlinger nodded, —, Jordan Valinsky Organizations: New, New York CNN, America, McDonald’s, Mac, ”, Wall Street Journal, National Owner’s Association Locations: New York, McDonald’s USA, U.S

☆ Shaquille O'Neal says the stakes are high for Reebok as it eyes a return to basketball: 'If this doesn't work, everyone's leaving'
▼ + stars: | 2024-05-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Legends of the game like Allen Iverson, Dominique Wilkins, and Shaquille O'Neal all sported Reeboks. The brand has now partnered with O'Neal to try to regain its status in the sport. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But fast-forward to 2024, and Reebok finds itself a long way behind the likes of Nike, Adidas, and Jordan. This story is available exclusively to Business Insider subscribers.

Persons: Allen Iverson, Dominique Wilkins, Shaquille O'Neal, O'Neal, —, Dee, Allen Iverson's Organizations: Reebok, Service, Reebok Pumps, Nike, Adidas, Business Locations: Jordan

☆ Donald Trump is reportedly considering an advisory role for Elon Musk
▼ + stars: | 2024-05-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Elon Musk and Donald Trump are discussing a role for him in the White House, the WSJ reported. Musk and Trump have had a hot-and-cold relationship over the years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThere's a chance Elon Musk could be spending more time at the White House if Donald Trump ends up back in office. The pair have been discussing a potential advisory role for Musk if Trump wins the 2024 election, The Wall Street Journal reported.

Persons: Elon Musk, Donald Trump, Musk, —, There's, Elon, hasn't Organizations: Trump, Service, Street Journal, Business

☆ A Crowning Achievement in a Neighborhood’s Fight Against Air Pollution
▼ + stars: | 2024-05-29 | by ( Patricia Leigh Brown | ) www.nytimes.com time to read: +1 min

The East Canfield Village neighborhood of Detroit is not the most likely place to encounter a monumental sculpture of an African crown glittering with gold lowrider paint and soaring high into the trees. Weber’s sculpture, “New Forest, Ancient Thrones,” in the newly designed East Canfield Art Park, was unveiled May 18 in a procession led by West African drummers. The sculpture melds crowns worn by two African queens — Ranavalona III of 19th-century Madagascar, who led her kingdom’s resistance to French colonizers before being exiled, and Idia of Benin, whose military derring-do during her son’s reign in the 16th century helped fend off tribal invaders. Weber’s métier is working in industrial corridors in redlined neighborhoods helping communities of color heal from the effects of environmental and social ills, often a lengthy and collaborative process. He is part of a growing movement called regenerative art, which seeks to revitalize links between communities and their ecosystems.

Persons: Jordan Weber, — Ranavalona III Organizations: Canfield Art, West Locations: Canfield Village, Detroit, Canfield, Madagascar, Benin

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin drops to $67,000 level, and Gemini returns more than $2 billion to users: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, James Davies, co-founder of Crypto Valley Exchange, explains why crypto winter was the right time to start his exchange and discusses what he's hearing from attendees at Consensus 2024.

Persons: Gemini, explainers, James Davies Organizations: CNBC Crypto, CNBC, Crypto

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

☆ What Google, Meta, Amazon, and other tech workers should wear this summer
▼ + stars: | 2024-05-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTech's top players are switching over to their summer styles — and workers should follow suit if they want to dress to impress. Still, tech workers have begun hiring stylists to help them dress better for work. Here's what fashion experts believe tech workers should be wearing this summer. Advertisement"Heading into the summer season, I can see the entry-level tech crowd wearing something clean and understated," Carol Altieri, COO of Bob's Watches told Business Insider.

Persons: —, Mark Zuckerberg, Jeff Bezos, Bill Gates, Sergey Brin, Eddie Hernandez, henley, Fitch, Hernandez, Niels, Gates, accessorizing, Zuckerberg, Carol Altieri, Bob's, Altieri, Ria Papasifakis, Linda Yaccarino, Papasifakis Organizations: Service, Business, San Francisco, Meta, Abercrombie, Fitch, Norse, Adidas, Cosmopolitan, Rolex, Ritani Tech, Bob's Watches Locations: Ritani

☆ OpenAI’s Sam Altman vows to give away most of his wealth through the Giving Pledge
▼ + stars: | 2024-05-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —OpenAI CEO Sam Altman and his husband have become the newest billionaires to sign the Giving Pledge, a charity that encourages the ultra-rich to donate their wealth to philanthropic causes. Bloomberg reports that Altman is worth at least $2 billion, with much of his wealth drawn from startup investments, including a sizable investment in Reddit. The pledge isn’t a legally binding contract, but more of a moral commitment. She recently resigned from the Bill & Melinda Gates Foundation earlier this month following her divorce from Bill. As part of her divorce agreement, she received $12.5 billion from the Gates Foundation for her work upon her resignation.

Persons: Sam Altman, Altman, Oliver Mulherin, Warren Buffett, Melinda French Gates, Gates, Melinda Gates, Bill Organizations: New, New York CNN, Bloomberg, Melinda Gates Foundation, Gates Foundation Locations: New York, Reddit, OpenAI

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer FTX exec sentenced, and bitcoin miner Riot pursues takeover of Bitfarms: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sergey Nazarov, co-founder of Chainlink Labs, discusses the collaboration between DTCC, Chainlink and ten financial institutions on a pilot program aimed at bringing Net Asset Value (NAV) data on-chain.

Persons: explainers, Sergey Nazarov Organizations: Riot, Bitfarms, CNBC Crypto, CNBC, Chainlink Labs Locations: DTCC

☆ Some wealthy people trying to sell their luxury homes are struggling
▼ + stars: | 2024-05-28 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

Read previewThe world of luxury real estate might seem like a place where deals are plentiful, transactions are swift, and satisfaction is guaranteed. "I wanna be free to garden and travel and not have to worry about the house — but I'm not taking nothing," Morgan told Curbed. "A lot of luxury buyers may already have a primary home, so maybe they're looking for a new investment," StreetEasy Senior Economist Lee said. AdvertisementThat's partly why more luxury buyers are increasingly considering renting out their homes rather than selling them, he added. Concierge AuctionsLee noted another factor contributing to the difficulty of selling luxury properties: the high costs associated with their maintenance and upkeep.

Persons: —, Kenny Lee, Sonja Morgan, John Adams Morgan, Morgan Chase, Morgan, Curbed's Bridget Read, I'm, Michael Jordan, There's, Nile Niami, Richard Saghian, Ron DeSantis, Lee, canalso, It's Organizations: Service, Business, Housewives, New, Fashion, Florida Gov, Morgans, Yorker Locations: New York City, New York, Chicago, Los Angeles, Upper Eastside

☆ HubSpot shares jump on talks of potential Google deal
▼ + stars: | 2024-05-28 | by ( Jennifer Elias | ) www.cnbc.com time to read: +1 min

HubSpot shares rallied 8% on Tuesday after CNBC's David Faber reported that Alphabet is looking at an all-stock offer for the software company. Reports of a potential deal first surfaced in early April, when Reuters published a story saying Alphabet was talking to advisors about making an offer for HubSpot. "There have been many reports about HubSpot being in conversations with Google," Faber said Tuesday. With a market cap of about $33 billion, after Tuesday's jump, HubSpot would be by far Alphabet's largest deal ever. HubSpot shares were up slightly for the year prior to Tuesday's gains, closing the day at $638.39.

Persons: HubSpot, CNBC's David Faber, Faber, — CNBC's Jordan Novet Organizations: Reuters, HubSpot, Bloomberg, Google, Motorola Mobility

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