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That apartment complex is Stadium Lofts, a former baseball stadium that was converted into 138 apartments by Core Redevelopment, a Midwest developer group. The Stadium Lofts has 138 units and Stadium Flats, the four-building complex next door, has 144. The Stadium Lofts renovation took the partners just under two years to complete. The Stadium Flats addition was completed about a year after the Stadium Lofts opened and cost around $13 million. Cox, Watson, and his sons had a budget of $14 million for the Stadium Lofts conversion and, in the end, spent roughly $13.8 million.

Persons: Michael Cox, John Watson, Cox, Michael Potter, Watson Organizations: Core, CNBC, Indianapolis Indians, Indiana Landmarks, Bush, Cox, of Fame Locations: Indianapolis , Indiana, Midwest, Indiana, Indianapolis, Marion County , Indiana, Marion ,

☆ San Diego Padres player Tucupita Marcano banned for life by MLB after betting on games
▼ + stars: | 2024-06-04 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —San Diego Padres infielder Tucupita Marcano has been banned for life by Major League Baseball for betting on baseball games. The MLB investigation found that 25 of those bets included Pirates games while Marcano was assigned to the Major League club. Those players are Oakland Athletics pitcher Michael Kelly, Padres minor league pitcher Jay Groome, Philadelphia Phillies minor league infielder José Rodríguez and Arizona Diamondbacks minor league pitcher Andrew Saalfrank. According to MLB rules, a player found guilty of betting on baseball games involving teams other than their own are subject to a one-year suspension. “The longstanding prohibition against betting on Major League Baseball games by those in the sport has been a bedrock principle for over a century.

Persons: Tucupita Marcano, Marcano, ”, Michael Kelly, Jay Groome, José Rodríguez, Andrew Saalfrank, Rob Manfred, Manfred, “, Kelly, A’s, Michael, Rodríguez Organizations: CNN, San Diego Padres, Major League Baseball, MLB, Pittsburgh Pirates, Pirates, Major League, Marcano’s Pirates, Padres, Major League Baseball’s, “, Players Association, Oakland Athletics, Philadelphia Phillies, Arizona Diamondbacks, “ MLB, Oakland, Phillies, Diamondbacks

☆ MUFG analyst explains why he expects the RMB to appreciate more against USD
▼ + stars: | 2024-06-04 | 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 EmailMUFG analyst explains why he expects the RMB to appreciate more against USDMichael Wan of MUFG says the Chinese economy faces both "cyclical challenges and structural issues."

Persons: Michael Wan, MUFG

☆ How Roaring Kitty's wealth went from $53,000 to nearly $300 million — and could one day top $1 billion
▼ + stars: | 2024-06-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Pavlo Gonchar | Lightrocket | Getty ImagesAlmost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. By the end of the jaw-dropping episode in April 2021, Gill exercised his call options position to have 200,000 common shares. Put another way: If the stock closes above $20 that day, Gill could exercise the options at $20 apiece, leaving him owning an additional 12 million shares. A total of 17 million shares would make him the fourth-biggest shareholder in GameStop, coming in behind Vanguard, BlackRock and Ryan Cohen's RC Ventures, according to FactSet. Zoom In Icon Arrows pointing outwardsThe notional value, if exercised, would be $240 million worth of stock bought at $20.

Persons: Keith Gill, Pavlo Gonchar, Gill, Michael Khouw, Khouw, Morgan Stanley's, Ryan Cohen's Organizations: GameStop, Lightrocket, Street Journal, CNBC, Vanguard, BlackRock, Ryan Cohen's RC Ventures

After eight months of devastating bombardment by Israeli forces, some Gazans are urging Hamas to accept a cease-fire plan outlined by President Biden, but many remain deeply skeptical that the United States, as Israel’s chief ally, would truly bring an end to the war. “I am hopeful that Hamas will accept this deal,” said Ayman Skeik, a 31-year-old merchant driven out of his home in Gaza City by the fighting. “But I am still scared it would not be achieved.”Like other Gazans, Mr. Skeik, who is now sheltering in Deir al-Balah in central Gaza, said he had grown frustrated by the long and generally fruitless cease-fire talks. He noted pointedly that months ago, in February, Mr. Biden suggested that a deal was imminent. “The United States used to have a strong word when it wanted to stop any crisis in the world,” Mr. Skeik said.

Persons: President Biden, “, ”, Ayman Skeik, Skeik, Biden, Mr Organizations: Mr, White Locations: United States, Gaza City, Deir al, Gaza, Israel

Washington CNN —Attorney General Merrick Garland appeared defiant Tuesday as he spent hours fielding questions from lawmakers on a range of topics, occasionally sparring with Republican House members seeking to use his testimony to attack the Justice Department. “These repeated attacks on the Justice Department are unprecedented, and they are unfounded,” he told lawmakers. “I will not be intimidated, and the Justice Department will not be intimidated. “It is not the fault of the Department of Justice that Donald Trump has surrounded himself with criminals,” Lieu said. “Trump brought that upon himself.”Lieu also noted that President Biden’s son Hunter is being prosecuted “in federal court right now” by Garland’s Justice Department.

Persons: General Merrick Garland, Garland, Donald Trump, Hunter Biden, Garland’s, Joe Biden’s, Robert Hur, ” Garland, lobbed, ”, “, Biden, Trump, Jack Smith’s, Jim Jordan, Jack Smith, Smith, Jordan, Hunter Biden’s, Ben Cline, Cline, Ted Lieu, Paul Manafort, Rick Gates, George Papadopoulos, Michael Cohen, Roger Stone, Elliott Broidy –, ” Lieu, “ Trump, Biden’s, Hunter Organizations: Washington CNN, Republican, Justice Department, GOP, Department, DOJ, CNN, Manhattan District, Republicans, Trump, Manhattan District Attorney, Justice, Ohio Republican, White House, Democratic, Department of Justice, Garland’s Justice Department Locations: New York, York, Washington ,, Florida, Delaware, Trump

☆ Ford EV and hybrid sales surge 65% in May
▼ + stars: | 2024-06-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Ford Motor's U.S. new vehicle sales rose 11.2% last month compared with May of last year, boosted by strong sales growth for all-electric and hybrid models. The Detroit automaker on Tuesday reported roughly 65% increases in sales of both hybrid and all-electric vehicles. The boost to EV sales is a conundrum for investors. The spike in hybrid sales is part of Ford's plan to double down on the technology. Ford reported total year-to-date U.S. sales through May of 877,685 units, up 5.6% compared with the same time period in 2023.

Persons: DETROIT –, Ford Organizations: New York, DETROIT, DETROIT – Ford Motor's U.S, Detroit, EV, Ford

☆ MLB bans Padres’ Tucupita Marcano permanently for betting on baseball
▼ + stars: | 2024-06-04 | by ( Lukas Weese | ) www.nytimes.com time to read: +4 min

Major League Baseball permanently banned San Diego Padres infielder Tucupita Marcano on Tuesday for placing hundreds of bets on baseball, including wagers on the Pittsburgh Pirates when he was a member of the team last season. MLB’s Department of Investigations found Marcano placed 387 baseball bets, including 231 MLB-related bets, through a legal sportsbook in 2022 and 2023, the league said. The Department of Investigations found all four players placed MLB-related bets while in the minors. MLB said a legal sports betting operator informed the league in March that it had “identified past baseball betting activity” from accounts connected to multiple players. He placed 29 baseball bets, including 28 MLB-related bets and one parlay bet on college baseball games in 2021 and 2022, the league said.

Persons: Tucupita Marcano, Marcano, Pete Rose, Rob Manfred, Michael Kelly, Jay Groome, José Rodriguez, Andrew Saalfrank —, ”, Kelly —, Marcano hadn’t, Kelly, Groome, Rodríguez, Saalfrank, Zac BonDurant Organizations: Major League Baseball, San Diego Padres, Pittsburgh Pirates, MLB’s Department of Investigations, MLB, Pirates, Cincinnati Reds, Major League, Oakland Athletics, Padres, Philadelphia Phillies, Arizona Diamondbacks, Department, Investigations, ’, A’s, Marcano, Houston Astros, Boston Red Sox, Triple, Phillies, Chicago White, Diamondbacks, Getty

☆ Crypto billionaire Michael Novogratz's firm has tokenized a 316-year-old violin owned by Catherine the Great in order to back a loan
▼ + stars: | 2024-06-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Mike Novogratz's firm has tokenized an 18th-century violin as collateral against a loan, Galaxy said in a press release. Tokenizing the instrument is a way to boost liquidity, and make it more available to interested investors. AdvertisementThe crypto-focused firm Galaxy Digital has tokenized an 18th-century violin, creating a blockchain version of the instrument to use as collateral for a multimillion loan, Bloomberg reported. It is now in the care of Galaxy, which provided Siu a loan, and is using the violin to back it. He added that he is open to eventually fractionalizing the tokenized instrument, allowing investors to purchase a claim.

Persons: Mike Novogratz's, Galaxy, Yat Siu, —, Catherine the Great, Siu, Michael Novogratz Organizations: Animoca Brands, Service, Galaxy, Bloomberg

☆ Musk accused of improperly selling $7.5 billion in Tesla stock before weak sales report that crashed its price
▼ + stars: | 2024-06-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Musk likely knew the weaker sales report was coming at the time of the sale, the suit charges. Tesla stock sales funded Twitter purchaseBefore Musk started his efforts to buy social media platform Twitter, now known as X, the billionaire executive rarely sold Tesla shares. But from April through December in 2022, Musk sold $22.9 billion worth of Tesla stock in unscheduled sales to help fund his $44 billion purchase of Twitter that year. His sales in November and December of 2022, along with the price cuts in China, helped to push down the price of Tesla shares even before the January sales report. Tesla shares soon rebounded, though, and more than doubled during the course of 2023 to close at $248.48.

Persons: New York CNN — Elon Musk, “, Tesla, “ Musk, ”, Michael Perry, Perry, Musk, “ I’m Organizations: New, New York CNN, Twitter, SpaceX, Securities and Exchange Commission, Bloomberg, Tesla Locations: New York, Tesla, China, Delaware Chancery, Delaware

☆ Trump asks hush-money judge to lift his gag order, which would leave him free to seek vengeance against trial witnesses
▼ + stars: | 2024-06-04 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump's legal team has asked for the judge who presided over his criminal hush-money trial to lift his gag order, which would give him a free hand to criticize witnesses and jurors in the trial. Related storiesIn near-daily comments to journalists outside the Manhattan courtroom during the trial, Trump criticized the gag order. At a press conference in Trump Tower on Friday, Trump continued to complain about the "nasty gag order" he was under. During the trial, Trump violated the gag order on 10 different occasions, Merchan found. The public comments — and previously determined gag order violations — could lead Merchan to issue a harsher punishment.

Persons: —, Donald Trump's, Juan Merchan, Trump, Michael Cohen, Stormy Daniels, Trump's, Todd Blanche, Cohen, Daniels, Joe Biden, Trump —, Blanche, didn't, Merchan, jailing, Matthew Colangelo, Biden Organizations: Service, Business, New York, Trump, Manhattan, Attorney's Office, Associated Press, jailing Trump, Democratic, US Justice Department Locations: New, Manhattan, United States

☆ Ippei Mizuhara pleads guilty to fraud; MLB clears Shohei Ohtani after probe
▼ + stars: | 2024-06-04 | by ( Alex Andrejev | Dennis Lin | ) www.nytimes.com time to read: +3 min

AdvertisementShortly after Mizuhara entered his plea Tuesday, MLB said it cleared Ohtani and closed its investigation into the matter. Ohtani accused Mizuhara of “massive theft,” alleging that Mizuhara had taken the money without his knowledge. Mizuhara had worked for Ohtani since the player’s arrival in the United States in 2018, when Ohtani hired Mizuhara as his de facto manager and interpreter, according to court documents. The investigation unearthed no evidence that Ohtani teamed with Mizuhara to place bets, nor that Mizuhara had placed any bets on baseball, prosecutors said. Mizuhara pleaded not guilty to bank and tax fraud charges on May 14, a formality ahead of the plea deal negotiated with federal prosecutors, Mizuhara’s attorney, Michael Freedman, said.

Persons: — Ippei, Shohei, Mizuhara, ”, “, Mathew Bowyer, Ohtani, Martin Estrada, Michael Freedman, Frederic J . Brown Organizations: SANTA ANA, Calif, MLB, Los Angeles Dodgers, DOJ, Dodgers, Ohtani, Nippon, Ham Fighters, NPB Locations: SANTA, Japan, U.S, Ohtani, United States

☆ Chinese spies are targeting disgruntled workers within U.S. corporations, warns national counterintelligence head Michael Casey
▼ + stars: | 2024-06-04 | by ( Susan Caminiti | ) www.cnbc.com time to read: +3 min

Casey said there has been a 100% increase in cyber incidents and ransomware demands across the board. These are people within organizations that can be recruited to steal IP, data, or whatever the bad actor is targeting. "These are the employees who are having money problems, marital problems that someone can take advantage of," Casey said. "The PRC is an authoritarian state and there should be no confusion between that and Chinese Americans and people of Chinese descent," Casey said. "Leaders need to know what they would do if the worst thing happens," Casey said.

Persons: Michael Casey, Michael C, Casey, Eamon Javers, I'm Organizations: Intelligence, Capitol, National Counterintelligence and Security Center, CNBC, Summit, Washington , D.C, CNBC Senior Washington, FBI Locations: Washington ,, U.S, China, Russia

Betting on AckmanBill Ackman has gained new prominence in recent months for his outspoken presence on social media. But he has also made riches for his investors and himself — and now others are hoping he’ll continue to do so. His Pershing Square Capital Management has sold a 10 percent stake for just over $1 billion to an array of outside investors, giving the hedge fund a lofty valuation. The question is whether Ackman’s newfound fans on social media will follow him as he grows his empire, including through a new listed fund and, eventually, an I.P.O. That has bolstered Ackman’s paper worth to $8 billion, Bloomberg calculates, making him 333rd among the world’s wealthiest people.

Persons: Bill Ackman, —, he’ll, BTG, Marc Lasry, Doug Hirsch Organizations: Pershing, Capital Management, Arch Capital, Iconiq Investment Management, Bloomberg

☆ Three Trump allies charged in Wisconsin fake elector scheme
▼ + stars: | 2024-06-04 | by ( Hannah Rabinowitz | Zachary Cohen | ) edition.cnn.com time to read: +5 min

Wisconsin is the latest state to bring charges against people connected to the former president involved in the broad effort to overturn the presidential election results. “We hereby reaffirm that Joseph R. Biden, Jr. won the 2020 presidential election and that we were not the duly elected presidential electors for the State of Wisconsin for the 2020 presidential election,” a portion of their statement said. “We oppose any attempt to undermine the public’s faith in the ultimate results of the 2020 presidential election.”Chesebro was previously charged, and pleaded guilty, in the Georgia probe. This undercut his testimony to state prosecutors in which he said the fake electors were contingent on winning the litigation. Chesebro discussed the episode with Wisconsin investigators when he sat for an interview as part of the attorney general’s probe into the fake electors plot.

Persons: Donald Trump, Kenneth Chesebro, Jim Troupis, Michael Roman, Tony Evers, ”, Chesebro, CNN’s KFile, Joe Biden’s, Trump, “, Joseph R, Biden, Jr, ” Chesebro, Jack, Trump . Roman, Troupis, Mike Pence, CNN’s Marshall Cohen, Katelyn Polantz, Alison Main Organizations: CNN, Trump, Troupis, Democratic Wisconsin Gov, ” CNN, State, Trump ., White, Wisconsin, Wisconsin GOP Locations: Wisconsin, Michigan , Arizona , Nevada, Georgia, ”, Arizona, Michigan, Washington, DC, Milwaukee

☆ Why the market shifted to defense, plus the lingering hangover of Dell's backlog
▼ + stars: | 2024-06-04 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. "We can't seem to mount any sort of rally for the likes of Club stocks Eaton and Dover . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, that's, Cramer, Jim, Dell, Brown, Forman, we'll, Jim Cramer's, Michael Dell, Kike Rincon Organizations: CNBC, Labor, Procter, Procter & Gamble, Costco, May, Services, Jim Cramer's Charitable, Dell Technologies, MWC, Mobile World Congress, Fira, Gran, Europa Press, Getty Locations: Procter &, Costco, Eaton, Dover, CrowdStrike, Campbell Soup, L'Hospitalet de Llobregat, Barcelona, Catalonia, Spain

☆ Mizuho's top June contrarian picks, where research firm is more bullish than the rest of Wall Street
▼ + stars: | 2024-06-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Of those seven stocks, Mizuho said its investment rating on Lowe's and PayPal were also above the Street consensus. Mizuho analyst David Bellinger's $280 price target implies that the stock could rally 29% from its Monday closing price. "We view Lowe's as decisively well-positioned as home improvement demand recovers and unleashes outsized, double-digit earnings expansion in the process," the analyst wrote. Similarly, financial technology platform PayPal has risen only about 4% this year, leaving its valuation "compelling" at current prices, according to Mizuho analyst Dan Dolev. Dolev's $90 price target is 42% above the stock's current price.

Persons: Mizuho, David Bellinger's, Lowe's, Bellinger, Dan Dolev, Dolev, Dolev's, Siti Panigrahi's, Panigrahi, — CNBC's Michael Bloom Organizations: Mizuho Securities, Stocks, Dow Jones, Nasdaq, Wall Street, PayPal, Home, Oracle, Nvidia, Oracle Cloud Infrastructure Locations: Mizuho

☆ Fingers Point as Biden Closes Border to Asylum Seekers
▼ + stars: | 2024-06-04 | by ( Reid J. Epstein | Michael Gold | ) www.nytimes.com time to read: +1 min

At the beginning of his remarks from the White House on Tuesday announcing that he would prohibit migrants from seeking asylum at the U.S.-Mexico border, President Biden tried to make clear just whose fault it was that he was taking action by executive order. The White House, Mr. Biden said, had struck an agreement with congressional Republicans earlier this year on what he called the “strongest border security agreement in decades.”It did not take. Because Donald Trump told them to,” Mr. Biden said. That’s what he wanted to do.”On this, Mr. Biden proved correct. Mr. Trump, the presumptive Republican nominee set to face Mr. Biden in the general election, indeed attacked the president a couple of hours before his border announcement.

Persons: Biden, Donald Trump, ” Mr, Trump, Mr Organizations: White, Republicans, Republican Locations: U.S, Mexico

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Citi, Tesla, Best Buy, Meta, Broadcom, Krispy Kreme & more
▼ + stars: | 2024-06-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs reiterates Apple as buy Goldman said it's bullish heading into the company's Worldwide Developer's Conference on June 10. " Mizuho reiterates Meta as buy Mizuho said its sticking with its buy rating on the Meta. JPMorgan upgrades Krispy Kreme to overweight from neutral JPMorgan upgraded Krispy Kreme after a change in analyst coverage. Citi upgrades Best Buy to buy from sell Citi said in its double upgrade of the stock that it sees "upside potential." Goldman Sachs reiterates First Solar as buy Goldman raised its price target on the stock to $302 per share from $268.

Persons: Goldman Sachs, Goldman, it's, AAPL, Morgan Stanley, Tesla, We've, Jefferies, Mizuho, Wells, CAVA, Piper Sandler, Massimo, Piper, Clark, Melius, Guggenheim, Stifel, Bernstein, Airbnb, Roth, Marvell Organizations: : Bank of America, Nvidia, Bank of America, Apple, Conference, Meta, Citi, JPMorgan, JPMorgan downgrades, RBC, Kimberly, Broadcom, Guggenheim, Logistics, Auto Logistics, Inc, EBITDA, Qs, Marvell Locations: Computex, Taiwan, Siri, JPMorgan downgrades Cava

☆ Jeep expects to grow plug-in hybrid SUV sales by as much as 50% in 2024
▼ + stars: | 2024-06-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

A Jeep Wrangler plug-in hybrid electric vehicle (PHEV) during the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 5, 2023. NEW YORK – Jeep plans to grow U.S. sales of its plug-in hybrid electric vehicles by as much as 50% this year as it leans into the technology as a bridge between its traditional gas-guzzling SUVs and all-electric vehicles amid a slower-than-expected sales pace of EVs. The Stellantis brand expects to sell 160,000 to 170,000 plug-in hybrid electric vehicles, or PHEVs, in the U.S. this year, an increase of 40% to 50% from last year, Jeep CEO Antonio Filosa told CNBC. "One of the pillars of growth for the market is going to be freedom of choice." PHEV sales at the level Jeep is expecting this year would top Stellantis' total 2023 U.S. sales of the vehicles, at roughly 143,000 units.

Persons: Antonio Filosa, Filosa Organizations: New York, Auto, CNBC, Jeep Locations: New York, U.S

☆ Billionaire bitcoin investor Michael Saylor settles DC tax fraud case for $40 million
▼ + stars: | 2024-06-03 | 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 bitcoin investor Michael Saylor settles DC tax fraud case for $40 millionCNBC's Kate Rooney joins 'Power Lunch' to discuss billionaire bitcoin investor Michael Saylor and the company he founded, MicroStrategy, being charged to pay $40 million to settle a tax fraud lawsuit.

Persons: Michael Saylor, Kate Rooney

☆ A way to profit from a negative reversal in Chipotle if the consumer continues to weaken
▼ + stars: | 2024-06-03 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Investors may not have sufficiently accounted for the impact of stretched consumer finances on the discretionary sector. We'll review the dichotomy going on in the consumer discretionary sector and give a bearish trade on an outperforming stock once thought to be immune from some of the pressures. To some extent, the haves and have-nots divide explains the difference between the consumer discretionary stocks that have outperformed versus underperformed this year. Horton, YTD However, two industry groups within the consumer discretionary sector have not followed this pattern to the same degree. The trade: Chipotle The best-performing restaurant in the consumer discretionary sector so far this year is Chipotle Mexican Grill Inc. (CMG) up a market-crushing 36.8%.

Persons: Roland Garros, Ralph Lauren, Hermes, Versace, Prada, Calvin Klein, Tommy Hilfiger, Van Heusen, Horton, TOL, D.R, Tesla, Darden, YTD, Chipotle Organizations: Monaco, PVH Corp, IZOD, Carnival Corp, CCL, GM, Grill Inc, Darden, Starbucks Locations: Royal Caribbean, Horton

☆ See inside Ford's new tech campus, a century-old Detroit train station restored for $950 million
▼ + stars: | 2024-06-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

The $950 million project encompasses the 18-story former train station called Michigan Central Station – once the state's marquee transit building – an adjacent 270,000-square-foot building and other, supporting facilities. The 30-acre "Michigan Central" campus and station was initially announced in 2018 and slated to open by 2022. Train station campusThe Michigan Central campus is located southwest of Detroit's main business district in a trendy neighborhood known as Corktown. The Michigan Central campus in total spans 1.2 million square feet of commercial space, including retail, restaurants and hospitality. The restored grand waiting room inside Ford's Michigan Central Station in Detroit.

Persons: Michael Wayland, Bill Ford Jr, Ford, Bill Ford, He's, Henry Ford, Ford Ford, Josh Sirefman, it's, It's Organizations: CNBC DETROIT, Michigan Central, Ford, CNBC, General Motors, Renaissance, eBay, Michigan Central Station, Detroit, Michigan, Central Station, CNBC Ford, Architects, Detroit Public, Depository, Google, Detroit Lions Locations: Motor, Michigan, Detroit, Silicon Valley, California, East, Detroit's, Dearborn , Michigan, Ford's, Mankato, Indiana, CNBC, Motor City, Pontiac, Rouge

☆ Look at the financials and technicals before getting into meme stocks, says Trade-Ideas' Michael Nauss
▼ + stars: | 2024-06-03 | 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 EmailLook at the financials and technicals before getting into meme stocks, says Trade-Ideas' Michael NaussMichael Nauss, Trade-Ideas chief market strategist, joins 'Power Lunch' to discuss the meme stock surge and Roaring Kitty.

Persons: Michael Nauss Michael Nauss

☆ MicroStrategy and Its Founder to Pay $40 Million in Tax Fraud Lawsuit
▼ + stars: | 2024-06-03 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

The attorney general for the District of Columbia reached a $40 million settlement with Michael Saylor and the software company he founded, MicroStrategy, in what the attorney general’s office said was the largest income tax fraud recovery in Washington history, The New York Times has learned. The settlement, which is expected to be announced on Monday, stems from lawsuits filed in 2021 and 2022 accusing Mr. Saylor of evading more than $25 million in income taxes in Washington. MicroStrategy and Mr. Saylor deny any wrongdoing. They agreed to the $40 million settlement, which included interest and penalties, to avoid the expense and time of further legal action, according to the settlement, which The Times has reviewed. Mr. Saylor, who is the executive chairman of MicroStrategy, stepped down as chief executive in 2022.

Persons: Michael Saylor, Saylor, MicroStrategy’s, MicroStrategy, “ Michael Saylor, ” Brian L Organizations: District of Columbia, New York Times, Mr, MicroStrategy Locations: Washington, Virginia, Florida

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