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☆ Haiti gets a new prime minister as nation remains under siege by gangs
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +5 min

Conille has been UNICEF's regional director for Latin America and the Caribbean since January 2023 and previously served as Haiti's prime minister from October 2011 to May 2012 under then President Michel Martelly. He replaces Michel Patrick Boisvert, who was named interim prime minister after Ariel Henry resigned via letter in late April. He worked for several years at the United Nations before Martelly designated him as prime minister in 2011. It also accused the council of not being transparent while choosing a new prime minister, saying it did not publicly share the criteria used or the names submitted, among other things. In addition to picking a new prime minister, the council also is responsible for selecting a new Cabinet and holding general elections by the end of next year.

Persons: Garry Conille, Henry, Conille, Michel Martelly, Michel Patrick Boisvert, Ariel Henry, Louis Gérald Gilles, Laurent St . Cyr, Prince, Martelly, Fritz Bélizaire, Critics, Liné Balthazar, Emmanuel Vertilaire, Petit, Jean, Charles Moïse, Smith Augustin, Claude Joseph, Fritz Alphonse Jean of, Leslie Voltaire, Fanmi Lavalas, Bertrand Aristide, Edgard Leblanc Fils, Laurent Saint, Cyr Organizations: Associated Press, United Nations, Montana Accord, Petit Desalin, EDE Locations: Kenya, America, Caribbean, Laurent, Haiti, Port, Haitian, Montana

☆ Gaming stocks slip on new tax hike
▼ + stars: | 2024-05-28 | by ( Contessa Brewer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGaming stocks slip on new tax hikeCNBC's Contessa Brewer reports on news in the sports betting space.

Persons: Contessa Brewer

☆ Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds
▼ + stars: | 2024-05-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewSaudi Arabia plans to raise money by selling bonds as it presses ahead with massive spending projects, Bloomberg reported. Riyadh previously sold $12 billion of sovereign debt in January, while planned desert megacity Neom has also reportedly mulled issuing Islamic bonds in a bid to raise more cash. AdvertisementThe latest bond sale comes as Saudi Arabia presses ahead with Mohammed bin Salman's Vision 2030 plan that seeks to diversify its oil-reliant economy. In February, The Wall Street Journal reported that Saudi Arabia had started borrowing to help fund Neom and other Vision 2030 "gigaprojects."

Persons: —, Goldman Sachs, Mohammed bin Salman's, Cristiano Ronaldo, Karim Benzema, Neymar, LIV, Tim Callen Organizations: Service, Bloomberg, Business, Citigroup, BNP, Saudi Pro League, Street Journal, Gulf States Institute Locations: Saudi Arabia, Riyadh, Washington, Saudi

We have everything you need on where to watch a Sparks vs. Fever live stream tonight. ET / 4 p.m. PT on NBA TVHow to watch Sparks vs. Fever in the USThe Sparks vs. Fever game airs tonight at 7 p.m. You can watch NBA TV on a live TV streaming service like Fubo if you don't have cable. Shop at FuboHow to watch Sparks vs. Fever from anywhereIf you'll be traveling outside the US when the game airs, you can still tune in to your subscriptions using a VPN. Sign up for a live TV streaming package if you don't already have one.

Persons: Cameron Brink, Los Angeles Sparks, Caitlin Clark, Brink, Clark, It's, ExpressVPN Organizations: Business, Los Angeles, Indiana, Sparks, WNBA, NBA, PT, ION Locations: ExpressVPN

☆ As MLB changes its records, Josh Gibson, not Ty Cobb, is all-time batting leader
▼ + stars: | 2024-05-28 | by ( Tyler Kepner | ) www.nytimes.com time to read: +10 min

And as of Wednesday, Josh Gibson will replace Cobb as the leading hitter in the official records of the game. Thorn estimated that about 75 percent of all Negro Leagues box scores have been documented, and that MLB would update the records as more are uncovered. To some extent, Negro League numbers will always be a work in progress. Barnstorming games, essential as a financial lifeline to Negro League teams, are not included in the statistics. The scheduled games range from 26 (Negro American League, 1942) to 91 (Negro National League I, 1927).

Persons: Abner Doubleday, Tyrus Raymond Cobb, Doubleday, Josh Gibson, Cobb, ”, Larry Lester, “, Ty Cobb, Oscar Charleston, Rogers, Jud Wilson, Ed Delahanty, Buck Leonard, Ted Williams, John Thorn, Thorn, ” Lester, I’ve, Gibson, Chino Smith’s, Hugh Duffy’s, Chino Smith, Hugh Duffy, Charlie Blackwell, Ross Barnes, Willie Keeler, Rogers Hornsby, Tetelo Vargas, Vargas, — Lyman Bostock Sr, Bostock, Ted Williams ’, Sean Forman, Ty, Lester, Gary Ashwill, Kevin Johnson, Seamheads, ” Thorn, Elias, Babe Ruth, Lou Gehrig, Oscar, Barry Bonds, Jimmie Foxx, Ed Walsh, Addie Joss, Mordecai Brown, John Ward, Christy Mathewson, Rube Waddell, Walter Johnson, Dave Brown, Tommy Bond, White, Willie Mays, Mays, Bullet Rogan, Turkey Stearnes, ’ ” Lester, Simon Bruty Organizations: Major, Baseball, Negro Leagues, MLB, “, Negro League, Negro, Rogers Hornsby, Turkey Stearnes, Louis Cardinals, San Francisco Giants, Kansas City Monarchs, American, National Leagues, Negro American League, Negro National League I, Boston, New York Cubans, Twins, Red Sox, Sports, Birmingham Black Barons, Graphics, Retrosheet, Oscar Charleston, Barry, Major League Baseball, Birmingham, Giants, Mets Locations: Turkey, Birmingham, Ala, Chicago, Moline, Washington ,

☆ We were paid $10,000 to move from Austin to Arkansas. It wasn't perfect, but we have no regrets.
▼ + stars: | 2024-05-28 | by ( Alisha Mcdarris | ) www.businessinsider.com time to read: +5 min

Read previewNearly every time I mentioned my impending move to Arkansas, I was asked, "Why there?" It was a curious choice, especially considering I was leaving bustling and lively Austin for Fayetteville, Arkansas, a city known for little more than historical monuments and college football. After all, the cost of living in the Texas city was rapidly rising and we craved more adventure and outdoors than Austin's manicured parks and overcrowded campsites could offer. Related storiesAnd maybe Arkansas wasn't that big of a jump, anyway. In the end, we left Arkansas after 15 months and moved to a small city near the Wasatch Mountains in Utah.

Persons: —, Alisha McDarris, we'd, honked, isn't, Jason Cameron Organizations: Service, Business, Arkansas Council, Arkansas Razorback, Getty Locations: Arkansas, Austin, Fayetteville , Arkansas, Northwest Arkansas, Texas, Atlas, Bentonville, Utah, Our Arkansas

☆ States are looking to get a piece of sports gambling revenue, says Fmr. Congresswoman Edwards
▼ + stars: | 2024-05-28 | 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 EmailStates are looking to get a piece of sports gambling revenue, says Fmr. Congresswoman EdwardsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Edwards, Brian Sullivan, “ Organizations: CNBC

☆ ‘Home Alone’ house hits the market for $5.25 million
▼ + stars: | 2024-05-28 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +3 min

CNN —Kevin McCallister’s childhood home has hit the market for $5.25 million. The home for sale is located in Winnetka, Illinois and “epitomizes” the classic architecture of the Chicago suburbs, the Dawn McKenna Group said in its online listing. Dawn McKenna GroupThe iconic home has ample space for family living and entertaining. Dawn McKenna GroupIn 2021, fans of the movie were given the opportunity to rent the house for one night only – and for just $25. In February, Freddie Mercury’s former West London residence went on sale for £30 million ($38 million).

Persons: Kevin McCallister’s, “ It’s, ”, Dawn McKenna, Macaulay Culkin, Kevin McCallister, epitomizes, McAllister, Freddie Mercury’s Organizations: CNN, Dawn, Dawn McKenna Group, Century Fox, Kraft Macaroni Locations: Paris, Winnetka , Illinois, Chicago, West London, Los Angeles

☆ Crypto.com's Exchange, Sponsorships, and Commercials, Explained
▼ + stars: | 2024-05-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

(That's not a knock on the company — for a lot of crypto exchanges, the Empire State is a tough nut to crack.) Crypto.com's primary business is its cryptocurrency exchange, which works as a middleman for people buying and selling crypto, but it also offers other products, including crypto Visa cards. To be sure, the casino thing could be said about most crypto exchanges — and sports-betting apps, and many regular trading apps. It's a good reminder that, whatever the company, it's better to use exchanges only for trading your crypto assets, not for storing them. Or maybe in five years we'll be looking back at this moment and saying: "Remember that one crypto company?

Persons: Eminem, Sam Bankman, Crypto.com doesn't, Jojo Siwa, it's, He'd, Nic Carter, Crypto.com, Kris Marszalek, Foris DAX Asia, It's, Matt Damon, Steven Kalifowitz, Bill Clinton, Tony Blair, FTX, hasn't, Marszalek, wasn't, Alex Gladstein, Emily Stewart Organizations: NBA, Los Angeles Lakers, It's, UFC, NASCAR, Lakers, Castle, Ventures, Staples Center, Miami Heat's, Binance's, Forbes, Financial Times, Securities and Exchange Commission, Bloomberg, PayPal, JPMorgan doesn't, Human Rights Foundation, Business Locations: New York, America, Singapore, Nigeria, Bulgaria, Monaco, Hong Kong, Polish, Los Angeles, Bahamas, Netherlands, Asia, Americas

We'll show you everything you need to know about how to watch the Rangers vs. Panthers live stream for Game 4, including both cable and live streaming options. This will be the fourth Rangers vs. Panthers game in Round 3 of the 2024 Stanley Cup Playoffs. How to watch Rangers vs. Panthers in the USGame 4 of the NHL Eastern Conference finals will air on Tuesday at 8 p.m. While ESPN+ doesn't always simulcast ESPN games, this will be a viable option for Rangers vs. Panthers Round 3 games (even those that air on ABC). Shop at SlingHow to watch Rangers vs. Panthers from anywhereFor those traveling outside the US during the game, you can keep up with most of your subscriptions using a VPN.

Persons: they've, We've, There's, ExpressVPN Organizations: Business, Florida Panthers, New York Rangers, Eastern, Rangers, Panthers, Stanley, Vegas Golden Knights, The Rangers, NHL, NHL Eastern, ESPN, ABC, MLB, NFL, UFC, Hulu, Disney Plus, Sling

☆ Stocks making the biggest moves midday: GameStop, U.S. Cellular, Nvidia, Norwegian Cruise Line and more
▼ + stars: | 2024-05-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday: GameStop — Shares jumped nearly 23% following the video game retailer's announcement on Friday that it made about $933 million from a stock sale. U.S. Cellular — Shares added 7% after the telecom company announced T-Mobile will acquire its wireless operations and 30% of spectrum assets for $4.4 billion. T-Mobile was up less than 1%, while Telephone and Data Systems , which owns 84% of U.S. Cellular, slipped 2%. Norwegian Cruise Line — The cruise stock rose 3% after an upgrade to buy from neutral at Mizuho. Zscaler — The cybersecurity company shed nearly 4% following a downgrade at Wells Fargo to equal weight from overweight.

Persons: Agios, vorasidenib, —, Duolingo Max, Semler, Elon, Zscaler, Airbnb, Eli Lilly, Macheel, Pia Singh, Hakyung Kim, Jesse Pound Organizations: GameStop, . Illinois, U.S, Cellular, Mobile, Telephone, Data Systems, U.S . Cellular, . Food, Drug, Pharmaceuticals, Royalty Pharma, Nvidia, Cruise, Mizuho, Sarepta Therapeutics, RBC Capital Markets, RBC, Sea, Reuters, —, Energy Capital Partners, Wedbush, FDA Locations: U.S, Norwegian, Wells

☆ Sportscorp Founder Marc Ganis talks what is behind the recent jump in sports ratings
▼ + stars: | 2024-05-28 | 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 EmailSportscorp Founder Marc Ganis talks what is behind the recent jump in sports ratingsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Marc Ganis, Brian Sullivan, “ Organizations: CNBC

☆ Porsche reveals first-ever 911 hybrid sports car, starting at $164,900
▼ + stars: | 2024-05-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900. The 2025 911 Carrera GTS hybrid marks a significant change to the iconic German sports car amid the automotive industry's focus on increasing electrified vehicles and tightening fuel economy standards. "We developed and tested various ideas and approaches to decide on a hybrid system that optimally suits the 911," Frank Moser, Porsche vice president of the 911 and 718 model lines, said in a release. The new 911 Carrera GTS can accelerate from 0 to 60 mph in 2.9 seconds – 0.3 seconds quicker than the prior non-hybrid GTS model – and reach a top track speed of 194 mph. It is powered by a newly developed 3.6-liter boxer hybrid engine that produces 532 horsepower and 449 foot-pounds of torque.

Persons: Frank Moser Organizations: Porsche, Carrera, Volkswagen

☆ Opinion | Ted Cruz Has Some Strong Opinions About College Sports
▼ + stars: | 2024-05-28 | by ( Jane Coaston | ) www.nytimes.com time to read: +2 min

College sports bring in billions of dollars in revenue every year, but until very recently virtually none of it went to athletes. v. Alston that student athletes should be able to profit from their names, images or likenesses, known as NIL. That settlement, which is not yet finalized, will likely change college sports, but many questions about the details of that future remain unclear. Senator Ted Cruz, the Texas Republican, has been trying to help create a solution for college sports. I spoke with him about why he believes preserving competitiveness in college sports is a job for the federal government.

Persons: Alston, Brett Kavanaugh, Ted Cruz, ” Organizations: Texas Republican Locations: N.C.A.A, America

☆ More than 100 business leaders including Wikipedia's Jimmy Wales sign open letter backing Britain's center-left opposition
▼ + stars: | 2024-05-28 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Labour's Shadow Chancellor of the Exchequer Rachel Reeves gives a speech on the British economy ahead of the Bank of England monetary policy release on May 07, 2024 in London, England. LONDON — More than 100 business leaders on Tuesday voiced their support for the U.K.'s center-left opposition Labour Party, nearly five weeks before the country heads to the polls. The group, which includes Wikipedia founder Jimmy Wales and former vice-chairman of JP Morgan Cazenove Charles Harman, said in an open letter to The Times newspaper: "We, as leaders and investors in British business, believe it is time for a change." The writers of the letter claim that the U.K. economy has suffered from a decade of stagnation amid a lack of both political stability and a long-term, consistent economic strategy. The Labour Party has "shown it has changed and wants to work with business to achieve the UK's full economic potential," they said.

Persons: Rachel Reeves, Jimmy Wales, JP Morgan, Charles Harman, Karen Blackett, Andrew Higginson Organizations: Bank of, Labour Party, The Times, WPP, JD Sports, British Retail, Tesco Bank, Heathrow Airport Locations: Bank of England, London, England

☆ European Super League: Spanish court orders FIFA and UEFA to stop anticompetitive conduct in ESL case
▼ + stars: | 2024-05-28 | by ( Sammy Mncwabe | ) edition.cnn.com time to read: +3 min

CNN —A Spanish court ordered FIFA and UEFA to stop anticompetitive conduct in their opposition of the breakaway European Super League (ESL) in a ruling on Monday. However, in response to the ruling, UEFA said “the court has not given the green light to, nor has it approved, projects like the Super League.”A newsagent shows two pages of the main Italian sports newspapers with a headline regarding the Super League reading 'No!' Laura Lezza/Getty Images“In fact, the judge has asserted that the Super League project has long been abandoned and that she cannot be expected to rule on any abstract projects. FIFA and UEFA can appeal the ruling to a separate section of the Madrid Provincial Court. The Spanish court’s ruling comes just days before UEFA’s showpiece Champions League final between 14-time winner Real and Borussia Dortmund at Wembley Stadium on Saturday.

Persons: Judge Sofía Gil García, “, ’, ”, Bernd Reichart, ” Reichart, Laura Lezza, Fran Santiago Organizations: CNN, FIFA, UEFA, Super League, European, Justice, European Union, ESL, CNN Sport, Madrid Provincial Court, Europe’s, League, Real Madrid, Getty, Real, Borussia Dortmund, Wembley Locations: Europe, Madrid, Spanish, Barcelona, Spain, Barça

☆ Porsche reveals a new hybrid 911 as more consumers embrace hybrids over electric vehicles
▼ + stars: | 2024-05-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

They have become increasingly popular in the United States even as sales of purely electric models have started to slow. The German automaker Porsche, a division of Volkswagen AG, already sells plug-in hybrid models like the Cayenne e-Hybrid SUV and Panamera e-Hybrid four-door car, but a hybrid 911 is another matter. Initially, hybrid power will be available in only one version of the car, the high performance 911 Carrera GTS. In another major change for Porsche, this car will not be a plug-in hybrid, as other Porsche hybrid models have been. Besides hybrids, Porsche also sells fully electric cars, the Taycan and the new Macan Electric SUV.

Persons: CNN —, didn’t, Ferdinand Porsche Sr, Ferdinand “ Ferry, Ferry’s, Ferdinand “ Butzi Organizations: CNN, CNN — Porsche, Porsche, Volkswagen AG, Carrera, Volkswagen Locations: United States, Cayenne

☆ Golden State Warriors Fandom and the Specter of Mortality - The New York Times
▼ + stars: | 2024-05-27 | by ( Ezekiel Kweku | ) www.nytimes.com time to read: +1 min

A few weeks ago, as I watched the Golden State Warriors submit to a humiliating defeat by the Sacramento Kings, my main feeling was not frustration, anger or embarrassment. The Warriors’ three core players — Stephen Curry, Klay Thompson and Draymond Green — have been together since 2012. Curry blossomed into one of the greatest players of all time; Green, one of the best defenders; Thompson, one of the best shooters. Rooting for basketball players means constantly being aware that they are aging. And now that the oldest players are my age, it means constantly being aware that I am aging, too.

Persons: — Stephen Curry, Klay Thompson, Curry, Thompson, they’ve Organizations: Golden State Warriors, Sacramento, Warriors, San Antonio Spurs Locations: Sacramento Kings

☆ All of the A-list celebrities seen at the Monaco Grand Prix, the swankiest race in motorsports
▼ + stars: | 2024-05-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Charles Leclerc won the Monaco Grand Prix after leading the entire race. The Monaco Grand Prix is the most glamorous event in Formula 1. AdvertisementFormula 1 is one of the ritziest sports in the world, and the Monaco Grand Prix is its swankiest event. While the race has struggled to keep up with the larger modern F1 cars, the Monaco Grand Prix is still the grand jewel of the racing series. Take a look at some of the A-list stars seen before and during the 2024 Monaco Grand Prix.

Persons: Charles Leclerc, — Organizations: Monaco, Prix, Service

☆ Bill Walton, one of basketball’s most eccentric characters, dies at 71
▼ + stars: | 2024-05-27 | by ( Jason Quick | ) www.nytimes.com time to read: +15 min

There was the satisfaction and appreciation of a team coming together to win the 1977 NBA title. The next day, before a Trail Blazers home game, Walton explained his emotions to a group of reporters. I regret the circumstances in which I left the Portland Trail Blazers’ family. “The Portland Trail Blazers deplore Bill Walton’s statement calling for the rejection of the United States Government. “And you are never the same again.”Related reading(Top photo of Bill Walton: NBA Photos / Getty Images)

Persons: Bill Walton, Walton, Adam Silver, Bill, Bill’s, Lori, Adam, Nate, Luke, Chris, ”, ” Walton, “, Ted Kulongoski, it’s, Jack Ramsay, Hank Delespinasse, Robert Parrish, Ricky Pierce, Eddie Johnson, Larry Bird, Kevin McHale, Steve James, Bird, Walton . Bird, James, ” James, Dave Twardzik, Tom Shanahan, don’t, Jack, Micki Scott, Patty Hearst, Walton’s, Herman Sarkowsky, Larry Weinberg, Harry Glickman, Bill Walton’s, Arthur Ashe, Kareem Abdul, Jabbar, Bill Russell, Muhammad Ali …, White, Hal Bock, …, Marty Glickman, —, Bill Walton's, Sir Isaac Newton’s, Fabricio Roberto, you’ve, Taylor, ” “ John Stockton Organizations: Fame, NBA, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Hall of Fame, Blazers, The Athletic, Trail Blazers, Celtics, NCAA, Memphis State, Florida State, Getty, Philadelphia, Portland, LA Clippers, Sixth, Walton, Athletic, Associated Press, Wilshire, FBI, Scotts, Symbionese Liberation Army, United, United States Government, National Basketball Association, “ Sports, The Associated Press, New York Knicks, Prime Ticket Network, NBC, ABC, CBS, FOX, ESPN, Turner Sports Locations: La Mesa, Calif, Portland, Oregon, “, Blazermania, Los Angeles, Vietnam, United States, San Francisco, Walton, Utah, America

☆ Pro League Network raised $2.2 million to bring gambling to obscure sports like CarJitsu and slapfighting. Read its 20-page pitch deck.
▼ + stars: | 2024-05-27 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +4 min

Read previewPro League Network has raised $2.2 million to commercialize niche sports like slapfighting, CarJitsu, and streetball, and allow people to bet on them. This story is available exclusively to Business Insider subscribers. Advertisement"We're solving a problem," Yucatonis told Business Insider. "The portfolio appeals to them because they're placing a bet on different properties," Salvaris said. Business Insider has viewed the full version.

Persons: —, Mike Salvaris, Bill Yucatonis, Yucatonis, Roger Ehrenberg, Chris Grove, Kevin Garnett, Salvaris, PLN, it's Organizations: Service, League, Business Locations: Missouri, East

☆ Basketball Hall of Famer Bill Walton dies at 71
▼ + stars: | 2024-05-27 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +1 min

Basketball legend Bill Walton died after a battle with cancer, the NBA announced May 27. Walton, 71, won two NCAA titles and two NBA championships. AdvertisementBasketball legend Bill Walton has died after a prolonged battle with cancer, the National Basketball Association announced on May 27. Walton, 71, played center and won two National Collegiate Athletic Association titles while playing with UCLA. He was inducted into the Naismith Basketball Hall of Fame in 1993, followed by the College Basketball Hall of Fame in 2006.

Persons: Bill Walton, Walton, — Organizations: NBA, NCAA, Service, National Basketball Association, National Collegiate Athletic Association, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Basketball Hall of Fame, College Basketball Hall of Fame, Business Locations: Walton

☆ China's gold rush shows the Chinese still have money to spend — they're just not into Starbucks or Gucci
▼ + stars: | 2024-05-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci. China's demand for gold jewelry softened in the first quarter of this year due to the surge in gold prices but was still holding up well, according to the council. Gen Z Chinese consumers ditch luxury for goldUnlike the rush into gold assets, Chinese consumers are not running out to buy even more stuff, particularly foreign imports. China's savings rate was around 32% last year — compared to around 4% in the US, according to a McKinsey analysis of official data. "Chinese households are increasingly confronted by the weak long-term Chinese growth outlook and the slumping prices in China's residential real estate market," said Biswas.

Persons: —, Rajiv Biswas, Gen, LVMH Moët Hennessy Louis Vuitton, Gucci, Yves Saint Laurent, Laxman Narasimhan, Nomura, Lynn Song, Jean, Jacques Guiony, Biswas, McKinsey Organizations: Service, Gucci, Business, World Gold, Bloomberg, Starbucks, Huawei, Nomura, ING, McKinsey Locations: Japan, China, American, Greater China

☆ Aramco share sale planned for summer could net Saudi Arabia a welcome $10 billion amid its Neom project struggles
▼ + stars: | 2024-05-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewSaudi Arabia looks set for a multibillion-dollar share sale in its state oil company, Saudi Aramco. AdvertisementThe government of Saudi Arabia remains the largest shareholder in Aramco, which is the world's largest oil company by market cap. AdvertisementThe kingdom has embarked on a number of "gigaprojects" as part of the 2030 plan, including its Neom megacity. But recent reports suggest Saudi Arabia has been seeking to borrow funds for the project, while also scaling back population estimates for The Line. In January, it said that its cash as of September had dropped to around $15 billion — the lowest level since December 2020, The Wall Street Journal reported.

Persons: —, Prince Mohammed bin Salman's Organizations: Service, Reuters, Business, Aramco, Saudi Aramco, Saudi, Public Investment Fund, Bloomberg, Street Journal Locations: Saudi Arabia, Saudi Aramco, Aramco, Saudi

☆ I go to Disney World all the time and always stay on the property. These 9 hotels give you the biggest bang for your buck.
▼ + stars: | 2024-05-27 | by ( Jordyn Bradley | ) www.businessinsider.com time to read: +1 min

The three All-Star Resorts are usually my go-to. All-Star Movies probably has the most Disney touches. Kim Renfro/INSIDERI often stay at one of the three All-Star Resorts (All-Star Movies, All-Star Music, or All-Star Sports), which share one property at Disney World. They're usually the cheapest resorts and have the same general perks as the expensive ones. But there are family suites available at All-Star Music, and that's easily the cheapest way to accommodate a larger party at Disney World.

Persons: Kim Renfro, that's Organizations: Star Resorts, Disney, Sports

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