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Why is there a water pit? When the race was modernized, the walls were simulated with hurdles and the rivers and creeks were simulated with the water pit. According to the IAAF, the modern 3,000-meter steeplechase track event — with the barriers and the water pit — first originated at Oxford University in the mid-19th century. Today, the race features five barriers: four hurdles plus the barrier before the water pit. The water pit, meanwhile, is 12 feet long for both.
Persons: Kai Pfaffenbach, it's Organizations: Business, Service, IAAF, Oxford University, Reuters Locations: Rio, United Kingdom, Beijing
Note that credit card lenders may use many different variations of credit score models when considering your application. Note that credit card lenders may use many different variations of credit score models when considering your application. Read more: Chase Freedom Flex card reviewThe Discover it® Cash Back doesn't come with a standard welcome bonus. Read more: The Chase Freedom Flex and Chase Freedom 5% bonus categories for Q3 2021 are grocery stores and select streaming servicesAfter activating the bonus, Chase Freedom Flex℠ cardholders can earn 5% back (5x points) on up to $1,500 in combined spending each quarter (then 1x). Bottom lineIf you have to choose just one card, the Chase Freedom Flex℠ is a better pick for most people.
Persons: , We're, you've, Read, you'll, Chase, takeout, drugstores You'll, Cash, You'll, Flex, It's, Jasmin Baron Organizations: American, Chevron, Discover, PayPal, Business, Walgreens, CVS, Gas, Freedom, Chase, drugstores, Sapphire, Mastercard, Finance Locations: Chase
That's how Los Angeles Times owner Patrick Soon-Shiong summed up the "cultural vision" that he shares with his new editor Kevin Merida. And compete for people who would not have thought about the LA Times before." The biotech billionaire acquired the LA Times three years ago. The WSJ reported in February that he was "exploring a sale of the Los Angeles Times." Who is the LA Times for?
Persons: Patrick Soon, Shiong, Kevin Merida, hasn't, Merida, I've, HBO Max Organizations: CNN, Los Angeles Times, Times, American, LA Times, Netflix, Google, Facebook, Big Tech, HBO Locations: Merida, California, Asia, Mexico, Canada
Insider spoke with seven merchants in four countries whose Shopify accounts were hacked. The sellers lost thousands of dollars and thought Shopify would reimburse them. But when sellers are hacked, they're finding the Canadian e-commerce company does little to help them recoup their losses — and even demands that victims pay the company back. Then she lost $55,000 when her Shopify account was hacked, she said. When asked whether either incident was related to the hacked seller accounts Insider discovered, Shopify didn't respond.
Persons: Shopify, Sellers, Kate Tuff, Candy, Lisa Schotman, Andi Rosenberg, Mark, Stephanie Norton, Norton, Kylie Cosmetics, Kraft Heinz, they've Organizations: Business, Service, Shopify, Kraft Locations: Shopify, Texas, Amsterdam, Netherlands, Queens , New York, Canada, California
46% of LGBTQ workers say they're still closeted at work because of a multitude of fears and issues. According to a Human Rights Campaign Foundation report, 46% of LGBTQ workers say they're still closeted at work. Here are 11 things you can do tomorrow, or right now, per an informal polling of all my favorite LGBTQ friends. When you want to know things like how we met, ask, 'How did you meet your partner?' It's exhausting being the teacher/expert on all things gay.
Persons: they're, that's, Read, I've, Nikki Levy, Liz Glazer, Don Miguel Ruiz, Glazer, Ruiz, me, Ganee Berkman, you'd, Berkman, Chloe Curran, Levy, didn't, would've, it's, Aaron Chapman, Eugene Huffman, Huffman, Tre Temperilli, homophobes, Aaron Rasmussen, Samee Junio, Temperilli, Junio, Hayworth, misgender, Charlie Arrowood, Chapman, Arrowood, Kelly Dermody, Lieff, Bernstein, Dermody Organizations: Business, Service, Human Rights, Foundation, Democratic, San Francisco Pride Locations: Alameda County, California, Los Angeles
But there has never been a peace treaty, meaning the Korean War is still technically being fought. There are those that refer to the Korean War as, "the forgotten war" as it did not receive the same kind of attention as did World War II or the Vietnam War. Even now, 70 years later, the Korean War is given less notice than other conflicts and wars in history. The Korean War was the first military action following the end of WWII and the beginning of the Cold War. These numbers made the Korean War known as an exceptionally bloody war, despite the fact that it was relatively short.
Persons: Harry Truman, Truman, MacArthur, Douglas MacArthur, Joseph Martin Organizations: Business, Service, Democratic People's, Western, UN, South Korea, War US Army, Keystone, Getty, Soviet, North, North Korea Wikimedia Commons, American, Republican Locations: Korean, South Korea, North Korea, Vietnam, Korea, Democratic People's Republic of Korea, Western Republic of Korea, Masan, Soviet Union, United States, China, Yalu, Europe, Gen, Indong
Ken Cage repossesses high-end luxury assets like yachts and jets whose owners have failed to pay their loans. Since 2005, Cage's team has repossessed 2,000 boats, some of which are worth as much as $20 million. Now, almost five decades later, we're in business together repossessing yachts and private jets from all over the country. It's our job to chase down expensive assets from people who have defaulted on their bank loans. Provided by Ken CageOnce my repo team gets involved, it's time to kick things up a notch.
Persons: Ken Cage, Jenny Powers, Bob Weeks, Bob, we've, Banks, Danny Thompson, Danny, I'm, — I'm, it's, I've, Ken Cage I've Organizations: Business, Service, repo, Hull, Discovery, US Coast Guard, Chesapeake Bay Area, Cage Locations: Philadelphia, Florida, repossess, Chesapeake
Good morning and welcome to your weekday morning roundup of the top stories you need to know. Newsletter Sign up for the Business Insider newsletter - a daily selection of our best stories curated just for you. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyFor more daily and weekly briefings, sign up for our newsletters here. What's going on today:
Organizations: Business, Service
Why Wall Street loves Joe Manchin right now
  + stars: | 2021-06-25 | by ( Julia Horowitz | Cnn Business | ) + 0.00   time to read: +7 min
Those words, from President Joe Biden on infrastructure spending, were enough to trigger a Wall Street celebration . "Infrastructure spending strengthens an already very strong economic growth outlook," said Jeff Buchbinder, equity strategist for LPL Financial. Victoria's Secret has made a huge pivot. Although marketing trends changed, Victoria's Secret mostly stuck to the same playbook that helped it dominate the industry for years: push-up bras and scantily-clad celebrity models known as its "Angels." But Victoria's Secret seems to be on a much better track.
Persons: Joe Biden, Stocks, Biden, Mitt Romney, Joe Manchin —, Jeff Buchbinder, Jeffrey Sacks, Arnold Donald, Long, Janine Stichter, Nathaniel Meyersohn, Megan Rapinoe, Priyanka Chopra Jonas, Paloma Elsesser, Stichter Organizations: CNN Business, Bell, CNN, Republican, Democratic, White, Dow, Nasdaq, LPL, Citi Private Bank, Biden, P Global, US Centers for Disease, British Airways, IAG, Jefferies, L, Brands Locations: London, Europe, East, Africa, United Kingdom, France, Spain, Italy, tatters
London (CNN Business) British regulators are investigating whether Amazon and Google have broken consumer protection law by not doing enough to protect shoppers from fake product reviews. formal inquiry, which builds on a preliminary probe launched last May, could force Amazon AMZN Google GOOGL The UK Competition and Markets Authority (CMA) said Friday that itsformal inquiry, which builds on a preliminary probe launched last May, could forceandto change the way they deal with fake reviews or result in court action. "Our worry is that millions of online shoppers could be misled by reading fake reviews and then spending their money based on those recommendations," CMA chief executive Andrea Coscelli said in a statement. "Equally, it's simply not fair if some businesses can fake 5-star reviews to give their products or services the most prominence, while law-abiding businesses lose out," Coscelli added.
Persons: Andrea Coscelli, it's, Coscelli, Read Organizations: London, CNN Business, Amazon, Google, Markets Authority, CMA
One of the most important crossroads on the way to small business success — and one that nearly every entrepreneur will encounter at some point — is incredibly treacherous: deciding whether to take on a partner. "A partnership could mean your business will have access to new products, reach a new market, block a competitor through an exclusive contract, or increase customer loyalty," the National Federation of Independent Business, a small business advocacy group, said in a blog post. But business partnerships can also be disastrous. In one of the most extreme examples, Chris Smith of California ended up dead after a dispute with his business partner, Edward Shin. A limited partnership or a limited liability partnership can, as the names imply, limit that liability.
Persons: , Chris Smith of, Edward Shin, Shin, Smith, Joe Dalu, CNBC's, Andrea Tarshus, Tarshus Organizations: National Federation of Independent Business, Prosecutors, U.S . Bureau of Labor Statistics, Business Administration Locations: Chris Smith of California, Orange County , California, Buffalo , New York
Is it time for big business to pay up?
  + stars: | 2021-06-25 | by ( Tom Chitty | ) + 0.51   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs it time for big business to pay up? The G-7 nations have taken a major step toward global tax reform by agreeing to a minimum corporate tax rate of 15% on multinational companies. CNBC's Tom Chitty is joined by Silvia Amaro to explain.
Persons: CNBC's Tom Chitty, Silvia Amaro
Companies are developing treatments for depression, schizophrenia, and other psychiatric disorders. They could be blockbuster drugs that make over $1 billion annually and reach underserved people. Psychiatric drugs used to be some of the biggest moneymakers in the drug industry. But the field of psychiatric drug development had stalled for years. Insider spoke with analysts at Stifel, SVB Leerink, and other investment firms about the next wave of psychiatric drug developers.
Persons: Aduhelm, it's, Jeffrey Ryan Stewart, SVB Leerink Organizations: Industry Locations: Stifel
Key inflation measure climbs to highest level since 1992
  + stars: | 2021-06-25 | by ( Anneken Tappe | Cnn Business | ) + 0.98   time to read: 1 min
New York (CNN Business) Prices rose yet again in May and a key measure of inflation hit new multi-year highs. The price index tracking personal consumption expenditure, or PCE, climbed 3.9% in the year ending May, the Bureau of Economic Analysis reported Friday. It was the highest level since August 2008 and exceeded April's 3.6% level. Similarly, core PCE inflation, which strips out more volatile components like food and energy, stood at 3.4% over the same period -- the highest level since April 1992. It will be updated
Organizations: CNN, Economic Locations: York
HEI Hotels is rethinking how it encourages customers to tip because of the labor shortage, its CEO said. CEO Ted Darnall also said that raises and bonuses weren't the solution to the labor shortage. Guests who opt-in would pay tips when they left the hotel, Ted Darnall told Insider on Thursday. Darnall said better tipping policies — not raises and bonuses — could help hotels and restaurants retain workers amid the US labor shortage. Read more: Tiger Global-backed software company Life House is trying to address the labor shortage in hotels.
Persons: Ted Darnall, Darnall, , HEI, gratuities weren't, Read, They've Organizations: Service, HEI Hotels, Resorts, US, of Commerce, Beach, Fox Business Locations: gratuities, New York, San Francisco, Chicago
People are making summer travel plans; cheering fans are going to games; and late-night hosts are returning to their studios with live audiences. Jimmy Fallon is back at 30 Rockefeller Center with a full live audience. Jimmy Kimmel brought back a partial live audience to the El Capitan Theatre in Hollywood Monday night. Stephen Colbert of "The Late Show" on CBS returned with a full live audience last week. Even with diminished ratings for the over-the-air broadcasts of late-night shows (replays on YouTube and elsewhere lift the numbers to more respectable levels), the comeback of the familiar format, with real people laughing and applauding, shows just how central late-night television is to American entertainment.
Persons: Bill Carter, Jimmy Fallon, Jimmy Kimmel, Stephen Colbert, Colbert's Organizations: CNN, The New York Times, Rockefeller, El Capitan Theatre, CBS, Rome, WCBS, YouTube Locations: Hollywood, Gaul, New York, American
Russian retailer X5 separates digital businesses, eyeing IPO
  + stars: | 2021-06-24 | by ( Reuters Staff | ) + 0.95   time to read: +1 min
FILE PHOTO: A man walks past a discount shop Chizhik, launched by X5 Retail Group, in Moscow, Russia October 29, 2020. REUTERS/Alexander MarrowMOSCOW (Reuters) - Russia’s largest food retailer X5 has created a separate entity for its digital businesses, the company said on Thursday, paving the way for the new entity to go public. “The company is considering several promising options for further development, including both attracting investors on the open capital market, investments through strategic partnerships, and independent development within X5,” the company said in a statement. The digital businesses include online shop Perekrestok Vprok (, the express delivery service for X5’s Pyaterochka and Perekrestok stores, and Okolo, a delivery service it launched last year. X5 said it planned to provide more details on strategic options for its digital business development within a year.
Persons: Alexander Marrow MOSCOW, Organizations: X5 Retail, REUTERS Locations: Moscow, Russia
UPDATE 1-Andreessen Horowitz unveils $2.2 bln crypto fund
  + stars: | 2021-06-24 | by ( Reuters Staff | ) + 0.99   time to read: +2 min
(Adds details, background)June 24 (Reuters) - Andreessen Horowitz is launching a new $2.2 billion fund to invest more money in crypto networks, Venture capital giant said in a blog post on Thursday. The moves follows a string of media reports in April that the firm, which been investing in crypto assets since 2013, was looking to raise as much as $1 billion to invest in cryptocurrencies and crypto start-ups. Andreessen Horowitz also said Bill Hinman, the former director of the U.S. Securities and Exchange Commission’s (SEC)division of corporation finance, will join its crypto arm as an advisory partner. Andreessen Horowitz is the biggest shareholder in Coinbase Global Inc, the largest U.S. cryptocurrency exchange. (Reporting by Noor Zainab Hussain and Sohini Podder in Bengaluru; Editing by Shinjini Ganguli and Anil D’Silva)
Persons: Andreessen Horowitz, Bill Hinman, Exchange Commission’s, Hinman, Tomicah Tillemann, Joseph Biden, Brent McIntosh, Noor Zainab Hussain, Sohini, Shinjini Ganguli, Anil D’Silva Organizations: Venture, BNY Mellon, BlackRock Inc, Mastercard Inc, Visa, U.S . Securities, Exchange, SEC, State, Global Blockchain Business, Treasury, International Affairs, Coinbase, Inc Locations: U.S, Bengaluru
While the goods trade deficit widened, that was because of an increase in imports as businesses desperately try to keep up with robust demand. Initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 411,000 for the week ended June 19, the Labor Department said. Strong demand and tight supply are forcing businesses to turn to imports, boosting the trade deficit. In a third report, the Commerce Department said the goods trade deficit increased 2.8% to $88.1 billion in May. The swelling goods trade deficit and falling retail inventories did little to change economists' robust GDP growth expectations for this quarter, with estimates around a 10% annualized rate.
Persons: Amira Karaoud, Chris Rupkey, Joe Brusuelas, Jerome Powell, Lydia Boussour, Lucia Mutikani, Paul Simao Organizations: REUTERS, Goods, Labor Department, Reuters, Democratic, RSM, Nasdaq, Treasury, Commerce Department, Oxford Economics, Thomson Locations: Louisville, U.S, WASHINGTON, New York, Pennsylvania, California , Florida, Illinois, Louisiana
* Euro zone periphery govt bond yields (Updates with Ifo)LONDON, June 24 (Reuters) - Government bond yields in the euro area drifted higher on Thursday, with news that German business morale is at its highest in 2-1/2 years adding to brightening prospects for the region’s economy. The Ifo institute said its business climate index hit its highest level since November 2018 on companies’ surging optimism about the second half of the year in Europe’s largest economy. A Bank of England meeting later on Thursday could further push up bond yields if policymakers suggest that massive stimulus could be taken away sooner than expected as the economy bounces back from the COVID-19 shock. Elsewhere, Italy started marketing a new CCTEU bond maturing on April 15, 2029 which it plans to sell via a pool of banks. Italy’s 10-year bond yield was last up just half a basis point at 0.90%.
Persons: , Christoph Rieger, UniCredit, Dhara Ranasinghe, Lincoln Organizations: Bank’s, U.S . Federal Reserve, Bank of England Locations: Europe’s, Italy
Reliance's plan mirrors strategies of global oil majors such as Royal Dutch Shell Plc (RDSa.L) and BP Plc (BP.L) that have set a goal to become net zero carbon by 2050 amid pressure from investors and climate activists. The oil-to-telecoms conglomerate will invest 600 billion rupees to build four 'giga factories' at Jamnagar for production of solar cells and module, energy storage batteries, fuel cells and green hydrogen, Ambani said. It will also invest 150 billion rupees in value chain and other partnerships relating to its new renewable energy business, he said, adding a transformation of legacy business into sustainable and net zero carbon business will provide growing returns over several decades. Reliance's entry into the renewable energy business in India will put it in competition with companies such as Adani Green Energy Ltd (ADNA.NS) and Goldman Sachs-backed ReNew Power. The company plans to use green hydrogen and carbon dioxide as raw materials to produce green chemicals, green fertilizers and e-fuels, he said.
Persons: Mukesh Ambani, Ambani, Goldman Sachs, Separately Ambani, Yasir Al, Sudarshan Organizations: Reliance Industries, Royal Dutch Shell Plc, BP Plc, Reliance, Green Energy Ltd, Power, Saudi Aramco, Thomson Locations: CHENNAI, Jamnagar, India, China
German business morale rises in June on optimism about H2
  + stars: | 2021-06-24 | by ( Reuters Staff | ) sentiment -0.93   time to read: 1 min
BERLIN, June 24 (Reuters) - German business morale rose by more than expected in June as companies’ assessment of current conditions improved and their optimism increased about the second half of the year, a survey showed on Thursday. The Ifo institute said its business climate index rose to 101.8 from 99.2 in May. A Reuters poll of analysts had pointed to a June reading of 100.6. “The German economy is shaking off the coronavirus crisis,” Ifo President Clemens Fuest said in a statement.
Persons: , Clemens Fuest Locations: BERLIN
The Ifo institute said its business climate index rose to 101.8 from 99.2 in May. "The German economy is shaking off the coronavirus crisis," Ifo President Clemens Fuest said in a statement. German authorities have loosened COVID-19 restrictions in light of falling infections and higher vaccination numbers. The bounce-back from lockdown is driving the largest upward leap in retail conditions seen since German reunification more than three decades ago, Ifo economist Klaus Wohlrabe said. Even in hospitality, among the sectors worst-hit by lockdown, where conditions were still bad, there was growing optimism, he added.
Persons: Kai, Clemens Fuest, Chancellor Angela Merkel, Jens Weidmann, Klaus Wohlrabe, carmakers, Ifo's Wohlrabe, Thomas Gitzel, Robert, Paul Carrel, Caroline Copley Organizations: REUTERS, Germany, Volkswagen, Bank Group, Robert Koch Institute, Thomson Locations: Frankfurt, Germany, BERLIN, Europe's
Slideshow ( 2 images )(Reuters) -Singapore conglomerate Keppel Corp and Sembcorp Marine are in the process of kicking off talks to explore combining their struggling offshore and marine (O&M) businesses, two sources familiar with the matter said on Thursday. The sources declined to be identified as they were not authorised to speak to media. Trading in shares of Keppel and Sembcorp Marine was halted on Thursday pending announcements. Keppel declined comment while there was no immediate response from Sembcorp Marine to a Reuters query. The boards of both companies are meeting on Thursday to begin discusssions that could take many months and ultimately result in Keppel Corp hiving off its O&M business and combining it with Sembcorp Marine, the sources said.
Persons: Keppel Organizations: Keppel Corp, Sembcorp Locations: Singapore, Keppel
Spanish news reported that McAfee was found dead in his Spanish prison cell on Wednesday after Spanish authorities granted the US' extradition request. Seven months later, McAfee was deemed a person of interest in connection to the murder of his neighbor, Gregory Faull. Three months later, on October 5, 2020, McAfee was arrested by Spanish authorities on tax-evasion charges at the behest of the United States. Spain granted the United States' extradition request on June 22, 2021. Spanish authorities reported finding McAfee dead in his prison cell just hours after the decision.
Persons: John McAfee butted, McAfee, John McAfee, Gregory Faull, hadn't Organizations: Spanish, McAfee Associates, Intel, Reuters, Business, United, Libertarian Party, US Department of Justice Locations: Valley, Belize, United States, McAfee's, Guatemala, Florida, Tennessee, Dominican Republic, Spain
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