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Hong Kong Exchanges and Clearing celebrates the 24th anniversary of its listing on June 21, 2024. "We are seeing more of these [U.S. dollar] funds, they are moving back to Hong Kong. "I would say if the interest rate can be further cut down, 1% maybe, that would have a significant effect on the IPO market," Chan said. Hong Kong IPO returns are improving. "These things added together are projecting an upward trend for the Hong Kong market [in the] next 5 years."
Persons: George Chan, Chan, EY, Hong Kong, Marcia Ellis, Morrison Foerster, Hong Kong IPOs, China IPOs, Bonnie Chan, EY's George Chan, EY's Chan Organizations: Hong Kong Exchanges, China News Service, Getty, CNBC, Information, HK, China Securities Regulatory, Hong Kong . Investors, U.S . Federal Reserve, Hong Kong Stock Exchange, Hong, Hong Kong Locations: BEIJING, Hong Kong, China, U.S, Shanghai, Hong, Greater China
We Counted 22,252 Cars to See How Much Congestion Pricing Might Have Made This MorningToday would have been the first Monday of New York City’s congestion pricing plan. We sent 27 people to count vehicles manually at four bridges, four tunnels and nine streets where cars entered the business district. In total, we counted 22,252 cars, trucks, motorcycles and buses between 8 a.m. and 9 a.m. on Monday. But it does give you a rough sense of scale: It’s a lot of cars, and a lot of money. had planned to use the congestion pricing revenue estimates to secure $15 billion in financing for subway upgrades.
Persons: Kathy Hochul, Noah Throop, Ruru Kuo, It’s, Franklin Organizations: Gov, New York Times, Metropolitan Transportation Authority, Tunnel, Manhattan Bridge, Brooklyn Bridge, manhattan, Williamsburg Bridge, Battery Locations: York, Lexington, St, Queens, Midtown, Tunnel manhattan, Holland, Manhattan, Brooklyn, Brooklyn Bridge Brooklyn, Williamsburg
MINNEAPOLIS – Only a week ago, Alicia Sacramone Quinn fretted about the gut-wrenching decision she and her two colleagues would have to make in determining the 2024 Olympic team. The United States will send four members of its 2020 Olympic team to Paris — Simone Biles, Sunisa Lee, Jordan Chiles and Jade Carey — reserving one singular spot for a rookie. For the very first time, we proudly introduce the 2024 U.S. Olympic Women's Gymnastics Team presented by @Xfinity! “I knew I wasn’t done after Tokyo,‘’ Biles said, adding that her “religious” Thursday meetings with her therapist helped her through. GO DEEPER At U.S. Olympic gymnastics trials, rash of injuries hovers over a major momentThe U.S. it turns out, is lucky none of the women making the return to the Games gave up.
Persons: Alicia Sacramone Quinn, Quinn, Paris — Simone Biles, Sunisa Lee, Jordan Chiles, Jade Carey —, Hezly Rivera, @Xfinity, ➡️ Hezly Rivera ➡️ Jade Carey ➡️ Simone Biles ➡️ Suni Lee ➡️ Jordan Chiles, Joscelyn Roberson, Leanne Wong pic.twitter.com, btf44HDjSL, Rivera, ” Quinn, , ’ Biles, I’d, Biles, , Skye Blakely, Kayla DiCello, Shilese Jones, Carey, , Brian, Chiles, Chiles wasn’t, overthinking, Megan Thee, Beyonce, ” Chiles, , Lee, she’d, Blakely, Jones, medaling, dismounting, Jess Graba, ‘ ’, Lee —, Matt Krohn Organizations: MINNEAPOLIS, Paris, Olympic, Target Center, , U.S, Games, Oregon State, NCAA, UCLA, U.S . Locations: Tokyo, United States, American, Minneapolis, Paris, Oregon, Biles
CNN —The Euro 2024 round of 16 clash between Denmark and host nation Germany was suspended after just over 30 minutes played due to what UEFA described as “adverse weather conditions” at the BVB Stadion in Dortmund. After a loud clap of thunder reverberated around the arena, referee Michael Oliver paused the game and led the players to the touchline. The players, staff and officials spent a few minutes taking shelter in the dugout before being led down the tunnel as lightning illuminated the sky in West Germany. Germany players walk off the pitch after its game against Denmark was suspended due to lightning and heavy rain. After an approximately 25-minute delay, the crowd welcomed the players back onto the pitch with a big cheer, going through a five-minute warmup before the match resumed goalless.
Persons: Michael Oliver, Schmuelgen, hailstones Organizations: CNN, UEFA, Denmark, Reuters Locations: Denmark, Germany, Dortmund, West Germany
— Former President Donald J. TrumpMr. Trump is distorting what Representative Nancy Pelosi, then the House speaker, said. Ms. Pelosi did not admit to turning down National Guard troops. We have responsibility, Terry, we didn’t have accountability for what was going on there.”When the person Ms. Pelosi was addressing responded, “they thought they had sufficient resources,” Ms. Pelosi cut her off. “It’s not a question of sufficient,” the speaker said, “they don’t know. claims” of Ms. Pelosi being at fault.
Persons: , Donald J, Trump, Nancy Pelosi, Ms, Pelosi, Alexandra Pelosi, Pelosi’s, , Terry, “ It’s Organizations: Trump Mr, National Guard, Republican, Capitol Police, Politico
The Vanishing Islands That Failed to Vanish
  + stars: | 2024-06-26 | by ( Raymond Zhong | Jason Gulley | ) www.nytimes.com   time to read: +26 min
The Vanishing Islands That Failed to Vanish Low-lying tropical island nations were expected to be early victims of rising seas. They found that over the past few decades, the islands’ edges had wobbled this way and that, eroding here, building there. No, to understand what really beguiles them about these islands, you need to take a dive into the surrounding sea. Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Islands HUVADHOO ATOLL Islands HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo A map of the Huvadhoo Atoll, a gourd-shaped ring of 241 islands in the southern Maldives. Huvadhoo Atoll is a gourd-shaped ring of 241 islands in the southern Maldives.
Persons: ” Charles Darwin, Darwin, bode, Arthur Webb, Paul Kench, “ I’m, Kench, Webb, Kench’s, Mohamed Aslam, Paul S, Aitana Gea Neuhaus, Gea Neuhaus, ” Ms, , ” Paul Kench, Gerd Masselink, Peter Ganderton, Curt Storlazzi, Tim Scott, Dr, Scott, , it’s, “ They’ve, munch, Storlazzi, Thoriq Ibrahim, Malé, Hariyya Ibrahim, Hariyya, Adam Shakir, Adam, Farhath Ibrahim, Mohamed Muizzu, Hussain Rasheed, Rakeedhoo, Ashiya, Ashiya’s Organizations: Graphics, University of Plymouth, National University of Singapore, Nature Communications, Airbus, Google, United States Geological Survey Locations: Maldives, INDIA, MALDIVES, Polynesia, Micronesia, Indian, Malé, Himandhoo, Huvadhoo, , England, Dhigulaabadhoo, Wade, Plymouth, grinned, Hulhumalé, New City, Sand, City, Towers City, Himandhoo’s, Rakeedhoo
In today's big story, we're looking at how AI could completely upend venture capitalism amid a wider shakeup for the industry . The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from). Some of the adjustments aren't novel to the VC industry. ACME Capital; Getty Images, Chelsea Jia Feng/BIThe VC industry might be doomed with or without AI. AdvertisementScott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that half of today's VC firms will shutter in the next decade .
Persons: , VCs zentilia, Jenny Chang, Rodriguez, Insider's Ben Bergman, Ben, Long, Scott Stanford, Chelsea Jia Feng, BI's Blake Dodge, Hany Nada, Jared Siskin, Bobby Jain's, Jonathan Barton, Jain, Rebecca Zisser, OpenAI, Apple, Elif, Jeff Bezos, Robert Winnett, Will Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, ACME, Getty, ACME Capital, Stanford, BI, Madison, Conservancy, Jain, EV, Ford, European, Regulators, Anadolu Agency, Getty Images, Washington, Harvard, Leagues Locations: today's, Wall, Saudi, Saudi Arabia, Europe, Brazil, Southeast Asia, London, American, Paris, New York, Chicago
Read previewWhen Rudy Giuliani filed for bankruptcy late last year, it gave him some room to breathe. They all flowed into a federal bankruptcy court, where creditors could negotiate for whatever funds the aging former New York City mayor had left. But if the judge were to agree with the creditors and appoint a Chapter 11 bankruptcy trustee, Giuliani would lose control of his own financial life. AdvertisementA bankruptcy trustee would control all of Giuliani's assets and would be able to sell his two homes unimpeded. Giuliani's creditors have formed a supergroup to try to dig into his finances.
Persons: , Rudy Giuliani, Sean H, Lane, Giuliani, hasn't, mismanaging, Eric Snyder, Wilk Auslander, They've, Ruby Freeman, Shaye Moss, Noelle Dunphy, Akin Gump, Freeman, Moss, Joe Biden, didn't, TrustPoint, Smartmatic, Jacquelyn Martin, Donald Trump, Snyder, Maria Ryan, Rudy Giuliani's, Ryan couldn't, Matt Rourke Giuliani, John Catsimatidis, Biden, Barrett Prettyman, Shane Moss, Drew Angerer, isn't Organizations: Service, Systems, Business, New, New York City, Department, Dominion, Giuliani, Trump's Saving America, Rudy's, Towers Foundation, Giuliani Communications, Republican, Trump, AP, WABC, America's, Washington , DC Locations: New York, New York City, Florida, Georgia, Smartmatic, WASHINGTON, DC, Washington ,, Fulton County, Fulton, Arizona
Every paycheck I get goes to Navient," Pucci, 59, told BI. I feel trapped, and this has been so traumatic, especially the last couple of months, it's been really, really difficult." The lender, instead, can decide how it wants to craft a relief process, if at all. AdvertisementBut Linssen's efforts paid off — she got $70,000 in private loans discharged in May. While Nave also eventually got her private loans relieved after filing complaints with the CFPB, she doesn't understand why it has to be this way.
Persons: , Leandro Pucci, Joe Biden's, hasn't, Pucci, it's, " Pucci, Sen, Elizabeth Warren, Holder, Warren, Navient, he's, Julia Barnard, Barnard, Theresa, Christman, Theresa Christman Theresa Christman, Eileen Connor, PPSL, haven't, Connor, I've, Victoria Linssen, Jennifer Nave, Linssen, aren't, Brooks, Victoria, Victoria Linssen Victoria Linssen, Nave, they're, — Navient, Nick Eucker, Eucker Organizations: Service, Art Institute, Business, Joe Biden's Education Department, Navient, Education Department, Consumer Financial, Bureau, Education, BI, International Academy of Design, Technology, Brooks Institute, DeVry University, Victoria Linssen Victoria Locations: Venezuela, California, Navient, Cardona
Elon Musk moved The Boring Company to Texas in 2021, per the Times of London. A resident told the outlet it has turned Texas' "incredible vistas" into "gravel mines." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's construction company, The Boring Company, has turned Texas' "incredible vistas" into "gravel mines," a longtime resident told The Times of London. According to The Times, Musk moved his tunnel-building venture to Bastrop, a rural town of about 12,000 people located 30 miles east of Austin, in 2021.
Persons: Elon Musk, , Erin Flynn, Musk Organizations: Boring Company, Service, Elon, The Boring Company, Times, The Times, Business Locations: Texas, London, Bastrop, Austin
CNN —Soccer superstar Kylian Mbappé was pictured wearing a French-inspired tricolore mask during a training session on Thursday, after the France captain broke his nose during the team’s opening Euro 2024 win against Austria three days ago. There had been fears the injury might rule Mbappé out of his nation’s second Group D match of Euro 2024 against the Netherlands on Friday, but France manager Didier Deschamps told reporters Thursday that the star should be available. The French Football Federation (FFF) said Mbappé was then taken to a local hospital, where X-rays confirmed the break. The swelling has come down on his nose,” France forward Antoine Griezmann said, per Reuters. “We’ll see the last minute, depending on how he’s feeling.”Mbappé was involved in non-contact training on Wednesday, wearing plasters over his nose.
Persons: Kylian Mbappé, Didier Deschamps, ” Deschamps, Kevin Danso, Mbappé, Kylian, Antoine Griezmann, “ We’ll, ” Mbappé Organizations: CNN — Soccer, Austria, Reuters, French Football Federation Locations: France, Netherlands, Poland
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I completed a 3.5-year apprenticeship as a media designer and engineer, and I've been in the tech industry since I was 15. Leaving so quickly wouldn't have been possible without the support of our LA friends, who helped us in many ways. Courtesy of Lucas FrischmannI came up with this idea as I struggled to keep up with all my connections. AdvertisementIf you were laid off from a tech company and want to share your story, please email Manseen Logan at mlogan@businessinsider.com.
Persons: , Lucas Frischmann, It's, I've, Frischmann, it's, I'd, Manseen Logan Organizations: Service, Twitter, Meta, Business Locations: Los Angeles, Asia, Vietnam, Italy, Taiwan, Thailand, Japan, Indonesia, South Korea, Europe, Austria, Germany, Switzerland, Bangkok, Amalfi Coast, Bali , Indonesia, mlogan@businessinsider.com
One by one, each country with the money and the drive to compete started its own nuclear weapons program. Even with this kind of evidence in hand, science has reached only limited conclusions about how nuclear weapons testing affects individuals’ health. They helped create the 2021 Treaty on the Prohibition of Nuclear Weapons, signed by 93 countries, which bans the possession, use and testing of nuclear weapons. France has acknowledged its “debt” to Polynesians over nuclear testing, and it created a commission in 2010 to evaluate nuclear testing victim compensation claims, but it has never apologized. We are still wrestling with the damage wrought by testing nuclear weapons in our past.
Persons: , Ernest Moniz, Barack Obama, ” Mr, Moniz, Trump, Trump’s, Biden, United States ’, Republic of Kiribati —, we’re, Robert Oppenheimer’s, Oppenheimer, Ben Wyatt, King Juda, Harry Truman, Oppenheimer’s, Karina Lester, , Willard F, Libby, Louis, couldn’t, Merril Eisenbud, Hinamoeura, Britain —, , it’s, John Moody, Benetick Kabua Maddison, Maddison, Benetick, It’s, Vladimir Putin Organizations: Las, Washington, United States, Marshall, Embassy, D.C, Marshalls, U.S, Navy, United, Soviet Union, Britain, Atomic Energy Commission, St, Louis University, Washington University School of Dental Medicine, Bravo, U.S . Navy, Atomic Energy, Centers for Disease Control, Polynesia —, Nuclear Weapons, ., Pacific Mart, Educational, America Locations: U.S, Japan, United States, Russia, China, Nevada, Soviet Union, — Semipalatinsk, Kazakhstan, Reggane, Algeria, Montebello, Australia, Republic of Kiribati, Marshall Islands, Republic, Washington, Hiroshima, New Mexico, Las Vegas, Marshall, Hawaii, Philippines, Bikini, Atoll, Soviet, Africa, Polynesia, Xinjiang, The, Britain Britain, Britain, American, Kwajalein Atoll, France, France France, Tahiti, Nagasaki, Asia, Europe, India, Pakistan, North Korea, United, Kwajalein, Hawaii , California, Washington and Oregon, Arkansas, Springdale, you’re, Rhode Island, Moscow
The result of the vote means that Thailand will become only the third place in Asia to allow for marriage equality after Taiwan legalized same-sex marriage in 2019 and Nepal in 2023. Mark Phillips/CNNPrevious attempts to legalize marriage equality over the past decade had stalled. Nonetheless Thailand’s Prime Minister Srettha Thavisin, of the Pheu Thai Party, had also promised to bring the marriage equality bill to parliament. Japan is the only Group of Seven (G7) country that has not recognized either same-sex civil unions or same-sex marriage, despite recent high court decisions that ruled not allowing same-sex marriage is unconstitutional. South Korea does not legally recognize same-sex marriage but in February 2023, a South Korean court ruled in favor of a same-sex couple seeking equal health benefits.
Persons: , Panyaphon Phiphatkhunarnon, Thailand –, ” Panyaphon, Watit, ” Pokpong, Pokpong, Mark Phillips, Pita Limjaroenrat, Srettha Thavisin, Srettha, , Peerapon Boonyakiat, Xi Jinping Organizations: CNN, Love Foundation, Pokpong, , Party, Thailand’s, Pheu Thai Party, Bangkok Pride Locations: Thailand, Southeast Asia, Asia, Taiwan, Nepal, Bangkok, Sukhumvit, Myanmar, Brunei, Indonesia, Aceh, Malaysia, Singapore, Japan, China, Beijing, South Korea, Korea
With New York on the verge of becoming the first city in the nation to adopt congestion pricing, a sudden, familiar chill fell over the city last week, as another ambitious project was shelved. This time, it was Gov. Chris Christie of New Jersey. In the adjoining garbage bin lies other big development projects like a football stadium on Manhattan’s West Side and smaller initiatives with potentially outsize impact, like all-door bus boarding. For a place where change is the rule and unbridled ambition the guiding light, New York can be a remarkably hard place to get things done.
Persons: Kathy Hochul, Chris Christie Organizations: York, La Guardia Airport, Port Authority, Queens, Gov Locations: Staten Island, La, Brooklyn, Hudson, New Jersey, New York
Beirut, Lebanon CNN —The fate of the 120 remaining hostages in Gaza is crucial to any deal to end the protracted and bloody conflict between Israel and Hamas. But a senior Hamas official has told CNN that “no one has an idea” how many of them are alive, and that any deal to release them must include guarantees of a permanent ceasefire and the complete withdrawal of Israeli forces from Gaza. People walk among debris, aftermath of Israeli strikes at the area, where Israeli hostages were rescued on Saturday, in Nuseirat refugee camp in central Gaza, on Sunday, June 9. Hamas' Gaza chief Yahya Sinwar attends a meeting with members of Palestinian groups in Gaza City on April 13, 2022. Israel believes that more than 70 hostages of the more than 100 who are still held in Gaza to be alive.
Persons: Osama Hamdan, Yahya Sinwar, Antony Blinken, Sinwar, Hamdan, Joe Biden, Blinken, ” Blinken, Abed Khaled, , Israel, Benjamin Netanyahu, Netanyahu “, Jack Guez, ” Sinwar, Ali Jadallah, Netanyahu, , Organizations: Lebanon CNN, Hamas, CNN, NBC, , Wednesday, United Nations Security, Reuters, White, Israel Defense Forces, European Union, Anadolu Agency, Getty, Israel, Wall, IDF Locations: Beirut, Lebanon, Gaza, Israel, Lebanese, Doha, Israeli, Jerusalem, AFP, United Kingdom, Hamas, Gaza City, American
"We now know all consciousness is powered by electricity, including dreaming, and it turns out the dreaming brain is as active as the waking brain – sometimes even more so," he said. "In this theory, dreams are like a virtual simulation where we can test different responses and imagine the consequences," he said. Brain functionalityA straightforward theory about why we dream is that dreaming can be good for "keeping the brain tuned and ready even during sleep." In other words, the processes that the brain experiences as you're dreaming may be helpful for brain functionality and keeping your brain sharp. But adrenaline is still present while you're sleeping; think about how your heart can race when you're dreaming about being chased.
Persons: Jandial, Dr, Rahul Jandial, Michael Myers, Isabelle Arnulf, Rosalind Cartwright, , Cartwright, Adrenaline's Organizations: Gallup, CNBC
He appeared to justify the deaths of Palestinian civilians as a “necessary sacrifice” according to the messages. In recent weeks, Ireland, Spain, Norway and Portugal, all frustrated Netanyahu won’t agree a peace deal, have formally recognized Palestinian statehood. The war Sinwar started has taken Palestinian suffering to the next level – and Netanyahu has played right into it. Sinwar’s power amid the war seems to be becoming part of the perceived wisdom about Gaza and the war. And if past experience is any measure, he will likely gamble that he can play mind games better than Netanyahu.
Persons: CNN — Yahya Sinwar, , Benjamin Netanyahu, Sinwar, Israel, Netanyahu, hasn’t, they’d, they’ve, Biden, Netanyahu won’t, belligerence, Antony Blinken, , Sinn Fein Organizations: CNN, Israel, Wall Street, ICC, Hamas, Democratic, Northern Locations: Israel, United States, Europe, Gaza, Palestinian, Saudi Arabia, Ireland, Spain, Norway, Portugal, Rafah, Doha, Iran, Turkey
Here are some little-known secrets even the biggest Disney fans might not know about Magic Kingdom. There's a hidden homage to Walt Disney at the front of the parkWalt Disney Was born in 1901. Kim Renfro/INSIDERAlthough Space Mountain is an iconic attraction that has become synonymous with the park, it was not an opening-day attraction at Magic Kingdom in 1971. There are locations in both Disneyland and Disney World, and the Magic Kingdom Club 33 is located at the entrance to Adventureland near the Adventureland Bazaar. The Walt Disney World Railroad spans 1.5 miles across the parkMagic Kingdom's 20-minute train ride stops on Main Street, in Frontierland, and in Fantasyland.
Persons: , Walt Disney, Jenna Clark, Walt, isn't, Roberto Machado Noa, it's, Jenna Clark Gaston's, It's, Kim Renfro, Mickey Mouse's, Mickey, Mickey Mouse, ROBERT SULLIVAN, who've, Walter E, Lilly Belle, Walt's, Lillian, Roy O, Roger E, Jenna Clark Just Organizations: Service, Disney, Magic, Business, Walt, Kingdom, Barber, Getty, Magic Kingdom, Kingdom's, Adventureland, Cinderella, Walt Disney World Railroad, Liberty, Hollywood Studios Locations: aren't, Frotierland, USA, New Fantasyland, Tomorrowland, Magic, Pinocchio's, Adventureland, There's, AFP, Frontierland, Fantasyland
They are vigilante taxi drivers taking direct action, having become increasingly frustrated about Hong Kong authorities’ failure to regulate the ride-hailing platform. Noemi Cassanelli/CNNA Uber app is seen on a mobile phone in Hong Kong, China, on May 24, 2024. Patrick Tam, secretary general of the Hong Kong Taxi & Public Light Bus Association, acknowledged the complaints against some unruly taxi drivers, and said he supported the police going after them. “We just want fair treatment.”So far, Hong Kong police have said they had not arrested any Uber drivers ensnared in the amateur sting operations. And CUHK’s Chan said that, after years of ambiguity, Hong Kong is already playing catch-up.
Persons: Ka Chun, , Uber, Noemi Cassanelli, CNN Uber, , Oliver Chan, Hong, John Lee, Lau, tim, ” Jason Chan, Mo, “ Uber, Patrick Tam, CNN Estyn Chung, CUHK’s Chan Organizations: CNN, Hong, Chinese University of Hong, Taxi, Pictures, hackney, CNN Taxis, HK, Hong Kong Taxi, Light Bus Association, Uber Taxi, Uber Locations: Hong Kong, China, Central, Chinese University of Hong Kong, Jordan, Singapore
Tokyo DisneySea's Fantasy Springs port has three themed areas and a new hotel, pictured. Tokyo Disney ResortA few Disney firstsVisitors to the new port first head through a tunnel passage made of rocks shaped like Disney characters from the three film franchises that inspired Fantasy Springs. One of the most anticipated additions inside Fantasy Springs is undoubtedly Rapunzel’s Forest, Disney’s first Tangled-inspired themed area. How to access and stay in the parkThe Tokyo DisneySea Fantasy Springs Hotel offers two options: The Fantasy Chateau and the more luxurious Grand Chateau (pictured here). Tokyo Disney ResortA one-day Fantasy Springs Magic passport is currently included for guests buying one of Tokyo Disney’s hotel vacation packages or available for purchase by those staying at the new Tokyo DisneySea Fantasy Springs Hotel inside the expansion.
Persons: Peter Pan, Flynn Rider, Peter Pan’s, Tinker Bell, John Darling –, Captain Hook, won’t, , , Anna, Elsa, bakehouse Organizations: CNN, Tokyo, Disney, Oriental Land Co ., , Tokyo Disney, Visitors, Resort, Spotify, Springs Hotel, Springs, Tokyo Disney Resort Locations: DisneySea, Tokyo, United States, Corona, Fantasy Springs, Fantasy
Kathy Hochul’s decision to “indefinitely pause” congestion pricing in Manhattan is likely to reverberate for decades, much like the former New Jersey governor Chris Christie’s decision in 2010 to block construction of a badly needed new rail tunnel under the Hudson River. Both were short-term choices that pushed aside critical long-term investments in the most mass-transit-dependent metropolitan area of the nation. The decision by Mr. Christie, which he said was based on the project’s cost, compromised the region’s competitiveness, economy and environment. Ms. Hochul’s action raises questions about whether congestion pricing, which was set to begin at the end of the month, will ever happen. It will mean continued congestion on some of the world’s most traffic-stymied streets and no relief from the air pollution from auto and truck exhaust.
Persons: Kathy Hochul’s, Chris Christie’s, Christie, Hochul’s, Christie’s Organizations: New, New Jersey Transit, Amtrak, Metropolitan Transportation Authority Locations: Manhattan, New Jersey, Hudson, Jersey
Five Below told investors to expect between $830 million and $850 million, while analysts polled by LSEG forecasted $883 million. Sprinklr — The business technology stock dove 21.1% in the wake of weak guidance for the current quarter and full year. StoneCo — The financial technology stock rose 2.6% following an upgrade to overweight from neutral by JPMorgan . Ultragenyx Pharmaceutical — The biopharma stock added nearly 4% following an upgrade to buy from neutral at Goldman Sachs. Shopify — The e-commerce technology stock slipped 1.6% on the back of a MoffettNathanson downgrade to neutral from buy.
Persons: Goldman Sachs, Smartsheet, LSEG, Sprinklr, Mizuho, there's, StoneCo, CH Robinson, Goldman, ISI's, Shopify, Guggenheim, , Jesse Pound, Michelle Fox, Lisa Kailai Han Organizations: Nvidia, LSEG, Revenue, Mizuho, JPMorgan, Ultragenyx Pharmaceutical, Goldman, eBay, Citi, UBS, BMO Capital, BMO, Viridian Therapeutics, ISI, Energy Locations: Americas
Authorities are blaming an intern for a construction firm in China for a tunnel collapse. The intern, Wang Nianpu, is named "mainly responsible" and criminally liable while his bosses face fines. AdvertisementChinese authorities have named a construction intern as likely criminally responsible for a pipe network collapse that killed three construction workers. The report, seen by Business Insider, was filed in early May but went viral after local media reported the case over the weekend. This story is available exclusively to Business Insider subscribers.
Persons: Wang Nianpu, Wang, Organizations: Service, Business Locations: China, Jinan City
Because of his efforts to overturn the 2020 election, Rudolph W. Giuliani has been indicted in two states and hit with a $148 million defamation judgment that forced him to seek bankruptcy protection. Through all of that, he has kept a reliable financial ally: a charity founded to honor the memory of a firefighter killed on Sept. 11, 2001. The problem, according to his creditors’ lawyers, is that he has withheld that detail throughout his first five months of bankruptcy proceedings. The revelation of the revenue stream comes after months of deeply contentious arguments from creditors about the state of Mr. Giuliani’s personal finances, with complaints that much of it remains deliberately incomplete and opaque. Only recently did creditors learn, through social media, that Mr. Giuliani had a contract to earn money from a new branded coffee line.
Persons: Rudolph W, Giuliani, Mr, Stephen Siller Organizations: New, Giuliani Communications, Towers Foundation Locations: New York City
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