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☆ Against the odds, the USA cricket team is capturing hearts and minds with historic run through Men’s T20 Cricket World Cup
▼ + stars: | 2024-06-16 | by ( Ben Morse | Patrick Snell | ) edition.cnn.com time to read: +7 min

Saurabh Netravalkar (left) bowled the decisive Super Over to help the USA to its famous victory over Pakistan at the Men's T20 Cricket World Cup. A momentous dayBorn and raised in Mumbai, India, USA bowler Saurabh Netravalkar began playing cricket from an early age. Such was the promise he showed that he was selected for India’s team for the Under-19 World Cup in 2010, finishing the tournament as the country’s leading wicket taker. Not only is the US one of the co-hosts for the T20 World Cup for the first time, but it is making its debut appearance on this stage. The USA's success at the T20 World Cup has captured the hearts and minds of supporters at its home games.

Persons: Saurabh Netravalkar, Matt Roberts, Netravalkar, “, ”, Andrew Caballero, Reynolds, Aaron Jones, ” Jones, CNN’s Patrick Snell, Jones, Virat Kohli, Rohit Sharma, Adam Hunger, Ali Khan, Nosthush Kenjige, ” Kenjige, Stuart, ‘, ’, –, US –, We’ve Organizations: CNN, USA men’s, India, Pakistan, ICC, Ireland, India national, Cornell University, Cricket Council’s, USA, BBC, Veteran USA, USA Cricket, Stuart Law, Major League Cricket, US, Canada Locations: Pakistan, Mumbai, India, USA, New York, San Francisco, AFP, Queens , New York, Barbados, Caribbean, Dayton , Ohio, South Africa, New Zealand

☆ Here are Friday's biggest analyst calls: Nio, Nvidia, UPS, Amazon, Oracle, Lyft, Microsoft, Walmart, Exxon, Netflix, AT&T & more
▼ + stars: | 2024-06-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

We reiterate our Buy rating." Deutsche Bank reiterates Adobe as buy Deutsche said it's sticking with its buy rating ahead of earnings next week. Loop reiterates Best Buy as buy Loop said it's sticking with its buy rating on the stock. "We maintain our above consensus Best Buy estimates, reiterate our Buy rating, and are raising our price target to $100 from $93." Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it's standing by its overweight rating on the stock.

Persons: Oppenheimer, Wells, it's, TD Cowen, Wolfe, NVDA, Morgan Stanley, Nio, BTIG, Ally, Mizuho, JPMorgan, JPMorgan downgrades Vail, Lynch Organizations: Oppenheimer, UPS, Amazon Web Services, Nvidia, Norfolk Southern & Union Pacific, Union Pacific, Norfolk, Microsoft, Deutsche Bank, Deutsche, Colgate, Palmolive, China EV, Oracle, Adobe, JPMorgan, United Rentals, Barclays, Netflix, Vail, Exxon, " Bank of America, of America, underperform Bank of America, Bank of America, 3M, Citi, AT, Unilever

☆ Stock market today: US stocks trade mixed ahead of key May jobs report
▼ + stars: | 2024-06-06 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

The stock market rally wobbled on Thursday as indexes traded mixed ahead of the May nonfarm payroll report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Bank of America said last week that a reading of 125,000-175,000 would be a Goldilocks zone that could kickstart a fresh rally in the stock market. On Thursday, JPMorgan strategists laid out the three scenarios that could catalyze a sell-off in stocks this summer, one of which surprise in any upcoming employment report. The retail-trading icon scheduled a live stream on his YouTube channel for Friday, helping to send GameStop stock as much as 41% higher.

Persons: Keith Gill's, —, Chris Zaccarelli, Keith Organizations: GameStop, Service, Bank of America, JPMorgan, YouTube, AMC, Apple Locations: obsessing

☆ 2024 men’s T20 World Cup: boasting over a billion fans, cricket arrives on the shores of the US
▼ + stars: | 2024-06-01 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

And now, 180 years later, international cricket returns to the US with the men’s T20 World Cup. Three venues across the country – in Lauderhill, Florida, New York and Dallas – have been constructed to host T20 World Cup games. The Grand Prairie Cricket Stadium in Dallas, Texas, will host the first game of the men's 2024 T20 World Cup. The Kensington Oval in Bridgetown, Barbados, will host the men's T20 World Cup final. How to watchThe 2024 men’s T20 World Cup begins on Saturday, June 1, with the two North American debutants – the US and Canada – opening proceedings against one another.

Persons: cricket’s, –, US –, Dallas –, Lauderhill, Shelby Tauber, ” Victor Cruz –, New York Giants –, Monank Patel, Corey Anderson, Anderson, Ali Khan, Khan, “, Brian Lara, Viv Richards, Chris Gayle, Randy Brooks, St, Vincent, “ I’ve, Frank Nsubuga, Joel Ford, ” Organizations: CNN — Cricket, Major League Cricket, US, Dallas, Nassau County International Cricket, Prairie Cricket, Bloomberg, Getty, Inter Miami, Major League Soccer, New York’s Major League Baseball, Adelaide Oval, “, New York Giants, New Zealand, Black Caps, Guardian, Caribbean . Cricket, West Indies, Kensington, North, Reuters, ICC, Grand Prairie Cricket, West, Sunday, Sky Sports, UK Star Sports Network, Disney Locations: Manhattan, Caribbean, Lauderhill , Florida , New York, Nassau, New York, India, Pakistan, Dallas , Texas, Florida, Australia, York, Ohio, Trinidad and Tobago, Guyana, Barbados, Bridgetown, AFP, Barbuda, Saint Lucia, Grenadines, Uganda, Canada, Papua New Guinea

☆ Ether could surge 500% this cycle as new ETFs trigger a massive bull run, crypto expert says
▼ + stars: | 2024-05-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The price of ether will climb to between $15,000 and $22,500 this cycle, SynFutures CEO Rachel Lin says. "Now the spot ETH ETF is approved, all indicators indicate a massive ETH bull run in the coming months," she said. AdvertisementThe positive verdict on spot ether ETFs last week will kickstart a price rally, according to Rachel Lin, the CEO of SynFutures. Today, 20 months since that date, ETH supply remains at the same 120 million," Lin said. Now the spot ETH ETF is approved, all indicators indicate a massive ETH bull run in the coming months," Lin wrote.

Persons: Rachel Lin, —, Lin, Dow Jones, Ethereum, bitcoin Organizations: Service, Ethereum, bitcoin, Dow, NASDAQ, Standard Chartered, Chartered

☆ India 'confident' new EV policy measures will allow more foreign players to enter market
▼ + stars: | 2024-04-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

"It was meant for all global EV manufacturers and domestic manufacturers." While much of the "buzz has been around Tesla," Singh underscored the initiatives will also attract other foreign automakers, highlighting that Vietnam's leading EV maker "VinFast has already announced its intent." In February, VinFast broke ground on its integrated EV manufacturing facility in India's southern state of Tamil Nadu. As competition in India's EV sector remains limited, the entry of major players like Tesla, will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba told CNBC. Robust trajectoryAccording to Counterpoint Research, India's EV sales nearly doubled in 2023, driven by rising consumer interest and government initiatives, among other factors.

Persons: Rajesh Kumar Singh, CNBC's, Singh, VinFast, Elon Musk, Narendra Modi, Tesla, Rajeev Chaba, EVs, Modi, Ola, Bain Organizations: Department, Promotion, Industry, Internal, EV, CNBC's Sri, Motor, CNBC, Counterpoint Research, International Energy Agency, TVS Motor, Bajaj, Ampere, Bain & Company Locations: India, Tamil Nadu, China

☆ Billionaire 'bond king' Bill Gross tells investors to avoid tech and stick to value stocks
▼ + stars: | 2024-04-25 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Billionaire "bond king" Bill Gross told investors to avoid tech stocks and stick to value stocks. Microsoft is the only buy if investors must dabble in the tech sector, he said. In a post on X, the "bond king" said, "Stick to value stocks, avoid tech for now." Bond yields jumped on the data, and the tech sector dropped, with the Nasdaq Composite down more than 1% Thursday afternoon. The stock sold off sharply, down by over 10% late Thursday, helping to drag the tech sector lower.

Persons: Bill Gross, Gross, —, Tesla Organizations: Microsoft, Service, Nasdaq, Western Midstream Partners, Meta

☆ Stock market today: US indexes rise as mega-cap earnings take the spotlight
▼ + stars: | 2024-04-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Markets climbed higher as investors get ready for a line up of mega-cap earnings. AdvertisementStocks ticked higher Tuesday morning, as a lineup of mega-cap earnings this week fuels hope for a market comeback. That's after the equity rally tumbled sharply last week, with rate-cut outlooks crushed by hot economic data. Investors are pinning their hopes on strong earnings to kickstart a new rally, with the stock market's 10% year-to-date gain through the end of March now cut by more than half. AdvertisementMeta's earnings are set to follow on Wednesday, after which Alphabet and Microsoft will report on Thursday.

Persons: Tesla, —, That's Organizations: Meta, Microsoft, Service Locations: Here's

☆ Ready or not, the youngest boomers are retiring
▼ + stars: | 2024-04-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.

Persons: —, blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago

☆ Bayer Leverkusen: Record 44-game unbeaten run brings to an end 31 years of hurt and ridicule
▼ + stars: | 2024-04-19 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

However, if you were a fan of German soccer club Bayer Leverkusen, little changed for you over those 31 years – there was just a lot of disappointment. Since winning the German Cup in 1993, Leverkusen relentlessly explored increasingly agonizing ways of spurning chances to win trophies. The current season has already reaped rewards in the form of the Bundesliga title, with potential domestic and European competition success transforming this into a season for the ages. Everybody was on the pitch this evening, everybody was crying.”After years being the butt of the joke, Leverkusen fans could finally spin the narrative. Leverkusen fans celebrated en masse on the pitch after winning the German league title.

Persons: ’, David Letterman ’, Xabi, Alonso, Mike Hewitt, ”, Schwarzroten, ‘ You’ll, Olaf Schmidt –, –, midfifelder, Jeremie Frimpong, Xabi Alonso, Lars Baron, Florian Wirtz’s wizardry, Deutscher Meister ’, ” Schmidt, ‘, Schmidt, Andreas Rentz, ” Uwe Schewiola Organizations: CNN, Chicago Bulls, NBA, The Bulls, Bayer Leverkusen, Basque, Bundesliga, Europa League, West Ham United, Getty, Real Madrid, ’, Olaf Schmidt – Leverkusen, CNN Sport, Bayern, Spain, Leverkusen, Bayern Munich, Bayer, Werder Bremen, Black, Reds, FC Kaiserslautern Locations: German, Europe, Real, London, Liverpool, Bayern Munich, Real Madrid, Germany, England, Spain, Italy, Tolosa, West Ham

☆ I tried the $600 massage gun used by top NBA players, elite athletes—and can't imagine going back to my old routine
▼ + stars: | 2024-04-13 | by ( Nicolas Vega | ) www.cnbc.com time to read: +4 min

Little by little, as I've progressed through my twenties and now stare 30 in the eye, I've picked up aches and pains along the way. But still, some things aren't quite the same as they used to be, especially when it comes to recovery. Experts agree: Percussive therapy worksPercussive massagers can regularly be seen being used by athletes on the sidelines of NBA games. His team employs percussive massagers from Hyperice to help elite athletes like Collin Sexton and Lauri Markkanen perform at the highest level. "You could spend from $100 to $300 on a massage, and that's one or two payments of buying a gun," he says.

Persons: I've, Therabody, —, Paul George, James Harden, Tyler Herro, Joe, Ezra Shaw, Wil Colón, NYU Langone, Colón, Erik Phillips, Collin Sexton, Lauri Markkanen, Phillips, There's Organizations: NBA, Getty, NYU, NBA's Utah Jazz, Utah Jazz Locations: Hyperice, Utah

☆ Ecuador’s raid on Mexico’s embassy shocked Latin America. Here’s why it may still pay off for Daniel Noboa
▼ + stars: | 2024-04-10 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +7 min

Ecuador's President Daniel Noboa during his inauguration at the National Assembly in Quito on November 23, 2023. A close ideological ally of Correa, Lopez Obrador had since December allowed Glas to live at the Mexican embassy—territory that is technically off limits for local authorities. Lopez Obrador last week seemed to criticize the election that brought Noboa to power, suggesting the climate of fear created by Villavicencio’s murder had favored Noboa. President of Mexico Andres Manuel Lopez Obrador speaks during a briefing at Palacio Nacional on March 12 in Mexico City. Hector Vivas/Getty ImagesWhile Lopez Obrador is at the sunset of his political career, Noboa is just getting started and seeks a strong platform to run for re-election next year.

Persons: “, ”, Jorge Glas, Ecuador’s, Daniel Noboa, Andres Manuel Lopez Obrador, Noboa, Guillermo Lasso, Fernando Villavicencio, Alfredo ‘ Fito ’ Macias, RODRIGO BUENDIA, Glas, Rafael Correa, Lopez Obrador, Evo Morales, Peru’s Pedro Castillo, Correa, Villavicencio’s, Santiago Orbe, ” Orbe, Mexico Andres Manuel Lopez Obrador, Hector Vivas, Emilio Lezama, Bukele, Latinobarometro, It’s, it’s Organizations: Bogota CNN —, Colombian, National, Getty, Ecuadorian, CNN, Palacio Nacional, International Court of Justice Locations: Bogota, America, Guyana, Quito, Mexican, Mexico, Latin America, AFP, Ecuador, Glas, Vienna, Ukraine, Mexico City, El, El Salvador

☆ China is sending its highest-level delegation to North Korea since 2019 to kick off a ‘friendship year’
▼ + stars: | 2024-04-10 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

The three-day visit, at North Korea’s invitation, shows the “great importance” China attaches to those relations, a Chinese Foreign Ministry spokesperson said. The delegation will also arrive amid heightened global concern about North Korea, which has in recent months ramped up its bellicose rhetoric and continued its weapons testing. The trip could also be an important opportunity for the upper echelons of China’s political establishment to better understand the circumstances in North Korea today. Balance of powerChina has long walked a thin line in its relations with North Korea. It is a critical economic lifeline for a North Korea crippled by international sanctions over its illegal weapons testing.

Persons: Zhao Leji, ”, KCNA, Zhao, Xi Jinping, China’s, Joe Biden, Fumio Kishida, Kishida, Li Qiang, Liu Dongshu, …, ” Liu, Kim, Li Mingjiang, Vladimir Putin, Yun Sun Organizations: Hong Kong CNN — China’s, Beijing, Foreign Ministry, Japanese, CNN, Communist, North Korea –, Hong Kong’s City University, North, Singapore’s Nanyang Technological University, “, United Nations Security, Stimson Locations: China, Hong Kong, North Korea, Pyongyang, Beijing, Moscow, United States, North, Japan, South Korea, Ukraine, Asia, Washington, Philippines, Russia, North Korean, Covid, Pacific, American

CNN —Former Senegalese Prime Minister Amadou Ba has conceded defeat to leading opposition figure Bassirou Diomaye Faye in the western African country’s presidential elections. “I wish him lots of success and success for the well-being of the Senegalese people,” he added. Several opposition candidates in Sunday’s election conceded defeat to Faye earlier. Faye was also congratulated early Monday by another presidential candidate, Khalifa Sall. Official results will be announced by Saturday at the latest, according to an official from Senegal’s Autonomous National Electoral Commission.

Persons: Amadou Ba, Bassirou Diomaye Faye, Bassirou Diomaye Diakhar Faye, “, Macky Sall, Faye, Ba, Futurs Médias, Anta Babacar Ngom, ”, Faye “, Khalifa, . Ba, kickstart, Ousmane Sonko, Sonko, Sall, – Organizations: CNN —, Senegalese, Saturday, Senegal’s, Electoral Commission Locations: Ba, Senegal, .

☆ This Italian town is struggling to sell off its empty homes for one euro. Here’s why
▼ + stars: | 2024-03-24 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +9 min

Abandoned homesItalian village Patrica, located south of Rome, is struggling to offload its abandoned homes. Public callMany of the town's local families left in search of a brighter future elsewhere, leaving their homes empty for decades. Some of the houses are simply too neglected to sell, even if the owners were willing to agree to it. But the town’s ready-to-occupy homes, with two-bedroom properties starting at 20,000 euros ($21,832,) proved to be more appealing. “There is interest, but then when many (foreigners) actually see the bad shape of the old homes they’d prefer to opt for turn-key apartments that are already restyled or in need of just minor fixes,” says Grossi.

Persons: CNN —, Lucio Fiordaliso, who’ve, “, Fiordaliso, ”, Patrica Fiordaliso, it’s, Patrica, Gianni Valleco, ’, Valleco, Alessandra Pagliarosi, Patricia, Pagliarosi, Ilario Grossi, Fiordaliso hasn’t Organizations: CNN, ”, Local Locations: Mussomeli, Sicily, Zungoli, Campania, Rome, Italy, Patrica, Canada, Argentina, Europe, Ceccano

☆ Senegal goes to the polls as country’s once sturdy democracy looks shaky
▼ + stars: | 2024-03-23 | by ( Nimi Princewill | ) edition.cnn.com time to read: +9 min

CNN —Senegalese voters will choose their next president on Sunday in a delayed and high-stakes election that poses a test for the country’s democracy. A long list of candidates are running, but two former tax inspectors - one representing the government, the other the main opposition coalition - are considered frontrunners. Just over seven million of Senegal’s 18 million people are registered to vote in this election, the country’s electoral body said. It shows how desperate these young people are due to the failure of President Sall to create employment,” Thior said. The ruling coalition candidate Ba kicked off his campaign promising “massive employment” for young people and improving the “purchasing power of households” by creating thousands of jobs.

Persons: Macky Sall, –, Sall, “, ”, Zohra Bensemra, Ousmane Sene, Mamadou Thior, Sall’s, Amadou Ba, Bassirou Diomaye Faye, Ousmane Sonko, jeopardizing, Sonko, kickstart, Carmen Abd Ali, Faye, John Wessels, Thior, “ We’re, “ Thior, Idrissa Seck, ” Faye, Ba, Michele Cattani, ” Thior, ” Sene Organizations: CNN, Senegalese, BBC, ”, Reuters, West African Research Center, firebrand, president's Alliance, Republic, Getty, Sonko, International Organization for, International Monetary Fund Locations: West African, Senegal, ” Senegal, Dakar, Senegalese, Diourbel, AFP, Republic, Medina, Canary, Europe, Spain, Nicaragua, “

☆ Starbucks stock is cheap. Here's why we're not planning to buy more of it yet
▼ + stars: | 2024-03-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Investors have lost their taste for Starbucks stock as the company faces headwinds in key markets across the globe. SBUX .SPX YTD mountain Starbucks' year-to-date stock performance compared with the S & P 500. At this point, the question is whether the possibility of a weak quarter and lowered guidance are already priced into Starbucks' stock. In light of the report, we lowered our price target on Starbucks stock to $115 per share from $125, but maintained our 1 rating. A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023.

Persons: Jeff Marks, Michael Conway, Brady Brewer, Laxman Narasimhan, it's, Rachel Ruggeri, Morgan Stanley, reshuffling, Wells, Jim Cramer's, Jim Cramer, Jim, Kevin Dietsch Organizations: Down, North, Starbucks International, Starbucks, Deutsche Bank, CNBC, Starbucks Workers, D.C, Getty Locations: U.S, China, Israel, North America, America, Europe, Starbucks China, Wells, Starbucks, Dupont Circle, Washington

☆ Sotheby's leans into sports with auctions of Jordan shoes, Ali trunks and Kobe jersey
▼ + stars: | 2024-03-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Sotheby's is increasing its sports offerings, as the auction house looks to capitalize on the growing demand for sports memorabilia and draw in a younger demographic. Demand for athletic memorabilia has jumped in recent years, and sports has become one of Sotheby's fastest-growing categories, the auction house said. "We've seen exponential growth and interest in the category," Brahm Wachter, Sotheby's head of Streetwear & Modern Collectibles, told CNBC. Sotheby's said its average client for sports memorabilia are 20 to 40 years old, and 50% of them are new to auctions. The sale set a new global auction record for game-worn sneakers and became the second-highest price achieved for Jordan sports memorabilia.

Persons: Michael Jordan, Sotheby's, Wachter, Jordan Organizations: Wednesday, CNBC, Consulting, Chicago Bulls, NBA, Air, Jordan Locations: Jordan

What makes these stocks so formidable is the way they are "constantly reinventing themselves," Jeff Marks, the Club's director of portfolio analysis, said alongside Jim on stage. The Club portfolio, which consists of 32 stocks and cash, has nearly a 22% weighting in the Super Six. Let's consider how to allocate a hypothetical portfolio consisting of 12 stocks and 10% cash. Understanding how the stocks are linked creates an opportunity to build a well-rounded portfolio that balances risk and future returns. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, … I'm, Jim, Jeff Marks, Let's, Eli Lilly, Linde, –, Tim Cook, we're, it's, Jim Cramer's Organizations: Apple, Microsoft, Meta, Nvidia, Tesla, Palo Alto Networks, Costco, Linde, Google, Facebook, Amazon Web Services, Super, Jim Cramer's Charitable, CNBC Locations: Palo, Amazon, lockstep

☆ Cramer says Macy's turnaround plan could kickstart growth at the department store chain
▼ + stars: | 2024-02-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said Macy's turnaround plan could reinvigorate growth at the historic department store chain. Shares of Macy's rallied 5% on Tuesday after topping earnings estimates for its fourth quarter and full year 2023. The company also announced a multi-pronged strategy that includes prioritizing top-line growth, accelerating its position in the luxury market, and simplifying its operations. Spring called for the closure of up to 150 underperforming Macy's locations while accelerating the growth of Bloomingdale's, its higher-end brand that tends to deliver better same-store sales, and beauty store chain Bluemercury. "Among Macy's Bloomingdale's and Bluemercury … it would make it a more upscale company and people like that," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Tony Spring, Jeff Gennette, Macy's Organizations: Macy's Locations: Bloomingdale's

☆ Electric air transport is set to take off with taxis, ambulances, cargo deliveries by end of this decade
▼ + stars: | 2024-02-26 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

A model of a Wisk Aero LLC electric vertical takeoff and landing (eVTOL) air taxi during the Singapore Airshow in Singapore, on Wednesday, Feb. 21, 2024. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Among displays of defense jets, passenger airliners and high-tech aviation equipment at the Singapore Airshow were electric air transport vehicles — touted as the future of urban transportation. Electric vertical take-off and landing vehicles, or eVTOLs, which can land and take off vertically can be used as air taxis, for cargo delivery, medical and emergency response transportation and as private vehicles. A vertical takeoff electronic aircraft from Supernal is seen outside the Las Vegas Convention Center during the Consumer Electronics Show in Las Vegas, Nevada on Jan. 10, 2024. A cabin of an electric vertical take-off and landing (eVTOL) aircraft developed by Eve Air mobility displayed during the International Paris Air Show on June 20, 2023.

Persons: eVTOLs, Brendan Smialowski, Johann Bordais, Eve, Jaiwon Shin, Shin, Supernal's, Tencent, Catherine MacGowan, Wisk, MacGowan, Supernal's Shin, Geoffroy Van Der Organizations: Aero, Bloomberg, Getty, Singapore Airshow, CNBC, Hyundai Motor Group, Boeing, Embraer, Air Mobility, Las Vegas Convention, Consumer, Afp, Mobility, Singapore, Asia Companies, Olympic, Japan Airlines, Korea's, Korean Air, Supernal, Incheon International Airport, Eve, International Paris Air Locations: Singapore, SINGAPORE, Supernal, Las Vegas , Nevada, Asia, U.S, Brisbane, Australia, Japan, Asia —, South Korea, Korea, Incheon, South, Geoffroy Van Der Hasselt

DAYTONA BEACH, Fla. (AP) — The 3-0-5 took over the Daytona 5-0-0. Johnson, the wrestler/actor, said he would stay for Monday’s rescheduled race and honor his role as Daytona 500 grand marshal and give the command for drivers to start their engines. The last time the Daytona 500 was postponed a full day was in 2012. Hamlin, a three-time Daytona 500 winner, has suddenly become public enemy No. The DJ-producer, whose real name is Khaled Mohamed Khaled, said he attended a Daytona 500 or two as a kid because of his love of cars.

Persons: Dwayne “, ” Johnson, Pitbull, DJ Khaled, Johnson, Monday’s, Khaled, ” Pitbull, Pit, ” Khaled, “, ” “, ”, Denny Hamlin, Hamlin, Kyle Busch, I’ve, Denny —, Denny, won’t, ’, we’ll, Justin Marks, Ross Chastain, Daniel Suárez, Shane van Gisbergen, Tim McGraw, Dolly Parton, Nile Rodgers, Jimmy Buffett, WE, he's, 23XI Racing’s Michael Jordan, Michael Jordan, Khaled Mohamed Khaled, Harley J, Earl, “ It’s Organizations: DAYTONA, Sunshine State, Miami —, Grammy, WrestleMania, Furious, Miami, Daytona, Speedway, ROCK, NASCAR, WWE, Trackhouse Racing, Pitbull Locations: Fla, South Florida, Miami, Florida, Philadelphia

☆ Asia markets poised for mixed open as they kickstart holiday-shortened week; central bank decisions in focus
▼ + stars: | 2024-02-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Jade Gao | Afp | Getty ImagesAsia-Pacific stocks were set for a mixed open as they kickstart a holiday-shortened trading week for some markets. Investors will watch out for key central bank decisions this week, especially from the Reserve Bank of Australia on Tuesday and the Reserve Bank of India on Thursday. On Monday, private surveys on service sector activity will be released from China and Hong Kong. Hong Kong's Hang Seng index is also set to fall, with futures at 15,412 compared to the HSI's close of 15,533.56. China, Taiwan, South Korea, Singapore, and Hong Kong will all see shortened trading weeks as the Lunar New Year approaches.

Persons: Jade Gao, Hong Organizations: Central Business District, Afp, Getty, Investors, Reserve Bank of Australia, Reserve Bank of India, Nikkei Locations: Beijing, Asia, Pacific, China, Hong Kong, Singapore, Thailand, Australia, Chicago, Osaka, Taiwan, South Korea

☆ I bought a bigger house, and the buyer's remorse hurts. My family didn't need it, but I still think it'll be worth it.
▼ + stars: | 2024-02-02 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +9 min

I didn't want to buy the house in 2024 because I think bidding wars are going to return — because mortgage rates will come down. I don't think about it as trying to make a profit anymore. You want to save as much as possible, invest as much as possible, which creates a more lean and frugal lifestyle so you can retire early. But do you really want to live a lean lifestyle — and then retire early to a very lean and frugal lifestyle? Rental properties were what gave me the courage to retire early, along with negotiating a severance package in 2012.

Persons: —, Sam Dogen, It's, Dogen, I've, I'm, it's, you've Organizations: Service, Business, San Locations: San Francisco

☆ IMF, Egypt Agree on 'Main Policy Elements' of Economic Reform Programme
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

CAIRO (Reuters) - The International Monetary Fund said on Thursday it had agreed with Egypt on the key policy components of an economic reform programme, in a further sign that a final deal to augment the country's $3 billion loan is nearing completion. Ivanna Vladkova Hollar, the IMF mission chief for Egypt, said both sides had made "excellent progress" on the discussions of a comprehensive policy package that could kickstart long-delayed reviews of the country's economic reform programme. "To this end, the IMF team and the Egyptian authorities have agreed on the main policy elements of the program. The authorities expressed a strong commitment to act promptly on all critical aspects of Egypt's economic reform program," Hollar said in a statement. The Egyptian pound, fixed at 30.85 to the dollar since then, has been trading on the black market as low as 71 pounds.

Persons: Ivanna Vladkova Hollar, Hollar, Kristalina Georgieva, Hatem Maher, Jacqueline Wong, Leslie Adler Organizations: Monetary Fund, IMF Locations: CAIRO, Egypt, Israel, Gaza, Cairo

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