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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why tire companies love EVsThe tire business is a business of low growth, low margins and extreme competition. Tire makers are at the mercy of of raw material prices. And about half of customers are largely indifferent to the brand of tires they buy. But industry analysts say EVs provide tire makers with the biggest growth opportunity they have seen in decades. AlixPartners estimates that tires on EVs require 20 percent more frequent replacement and can cost 50 percent more.

Persons: Price

☆ A pro golfer almost hit a fan in the head with his shot. The lucky escapee caught the ‘scary’ moment on camera
▼ + stars: | 2024-03-18 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —As a golf fan watching at a tournament, you have the privilege of being up close to all the action. Then things turned sour on the 14th hole for the 33-year-old American golfer. With the 33-year-old’s progress towards the hole impeded by foliage, Homa was forced to attempt a relief shot back onto the fairway. However, when he did eventually attempt his third shot, Homa’s ball came within inches of hitting a fan, who was filming the golfer. Homa eventually struggled to a quadruple-bogey nine on the par-four 14th hole, ruling him out of contention for the tournament.

Persons: Max Homa, Homa, Jared C, Tilton, ”, ” Homa, X, “ Organizations: CNN, TPC Locations: Homa

☆ Homeowners spent $600,000 on a sand dune to protect their homes from coastal erosion. It collapsed after just 3 days.
▼ + stars: | 2024-03-18 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +9 min

Salisbury Beach residents pooled funds for a sand dune to protect their homes from coastal erosion. But "king" high tides washed away half of the human-made dune after only three days. The project, organized by the community nonprofit Salisbury Beach Citizens for Change, built a human-made sand dune along the beach to block floodwaters from reaching homeowners' properties. This video posted on the SBCFC facebook page shows the final stages of construction for the Salisbury Beach human-made dune. Seeding sand dunes with grass anchors sand in place, fortifying dunes against erosion from waves and wind, according to UMass Amherst.

Persons: Mary away, Tom Saab, SBCFC, Jens Figlus, They're, Figlus, DCR, Healey, Driscoll, Gary Miles, Ken Wiedemann, — you've Organizations: Service, Salisbury Beach Citizens, Salisbury, SBCFC, Business, Saab, Homeowners, State, Texas, M University, Massachusetts Department of Conservation, Driscoll Administration, Salisbury Beach, Coast, UMass Amherst Locations: Salisbury Beach, Salisbury Beach , Massachusetts, Salisbury, The Massachusetts, State, Massachusetts, Sandwich

☆ A wardrobe consultant says the No. 1 item you should invest in is a quality T-shirt
▼ + stars: | 2024-03-15 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +4 min

Wardrobe consultant Kenzie Welch encourages her clients to invest in quality T-shirts. She recommends the Tomboy Tee, which usually retails for around $50, from Cuts Clothing. But fashion stylist and wardrobe consultant Kenzie Welch told Business Insider the No. 1 item she always tells her clients to invest in is a great quality T-shirt. "I do think that sometimes there's some value in having less but spending a little more," she added.

Persons: Kenzie Welch, Tee, Patrick Mahomes, AdWeek, Welch, I've, there's, you've, it's Organizations: Service, Business Locations: Atlanta, Instagram, Los Angeles

☆ Investing in Space: Where NASA made cuts in its underwhelming budget request
▼ + stars: | 2024-03-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. A year ago, the space agency was seeking budgets of $27.2 billion and $27.7 billion for 2024 and 2025, respectively. Moreover, NASA's budget remains a tiny fraction (less than 0.4%!) But the branch isn't exactly enthused, with Air Force Secretary Frank Kendall giving the 2025 request an "acceptable" grade. Space Force's budget has already surpassed NASA's, and the Pentagon is seeking $29.4 billion for the branch in 2025.

Persons: CNBC's Michael Sheetz, what's, Artemis, Frank Kendall, That's Organizations: House, NASA, Congress, Exploration Systems, Planetary Society, Air Force, Pentagon, Space Force, Security, NSSL

☆ Obama takes a shot at the likes of Musk and Bezos, says we must protect Earth before colonizing Mars
▼ + stars: | 2024-03-14 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

Earth would be more liveable than Mars "even after a nuclear war" and climate change, he said. It comes as Elon Musk and Jeff Bezos test mega-rockets that could take humans to the red planet. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The prototype rocket, which is a crucial part of Musk's plan to colonize the red planet, blew up on its previous attempts. The rocket could compete with Starship for NASA's plans to return to the moon ahead of heading to Mars.

Persons: Barack Obama, Elon Musk, Jeff Bezos, Obama, Jeff Bezos's, Glenn Organizations: Service, SpaceX, Amazon Locations: Silicon, Paris, Mars

☆ A federal climate jobs program could hire 20,000 workers this year
▼ + stars: | 2024-03-14 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

President Joe Biden this month made climate jobs a major focus of his reelection bid. The administration plans to launch the American Climate Corps this summer with about 20,000 workers, but the funding is pieced together from various federal agencies. These prospective voters are also the target hires for the American Climate Corps, which will focus on reducing greenhouse-gas pollution in local communities and making them more resilient to extreme weather. Stevie O'Hanlon, a spokesperson for the Sunrise Movement, which mobilizes young voters focused on the climate, said the launch of the American Climate Corps was a big win. But the chances of Congress approving more funding for the workforce program are slim, given that House Republicans last year tried to block any federal spending for the American Climate Corps.

Persons: Joe Biden, Biden, Trevor Dolan, Dolan, Stevie O'Hanlon, O'Hanlon, Donald Trump hasn't, We've Organizations: Service, Climate Corps, American, Corps, Business, Biden, American Climate Corps, Evergreen, EV, Sunrise Movement, Republicans Locations: Appalachia

☆ Mars could be creating 'giant whirlpools' deep within our planet's oceans
▼ + stars: | 2024-03-13 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Mars may be 140 million miles away, but its gravitational pull could be impacting Earth's oceans. Scientists at the University of Sydney in Australia believe the red planet's tug is creating "giant whirlpools" in the oceans called eddies, which can shift the deep-sea floor. This, they claim, is part of a 2.4-million-year climate "grand cycle" on Earth that has been ongoing for at least 40 million years. The red planet's orbit and ours are locked in an intricate dance, and every so often, these line up so that Mars' gravitational pull on Earth is just a little more intense — this is called resonance. This information is crucial when refining models helping us see how our planet's intricate climate will progress over time.

Persons: Adriana Dutkiewicz, NASA's, Dietmar Müller, Malin, Matthew England, Benjamin Mills, wasn't, Mills Organizations: Service, University of Sydney, Business, NASA's Goddard Space, geosciences, Nature Communications, Mars NASA, JPL, Systems, University of New, New, University of Leeds Locations: Australia, Japan, New, University of New South Wales, Sydney

☆ See how badly your home could be hit by heat, wind, and bad air over the next 30 years
▼ + stars: | 2024-03-13 | by ( Dan Latu | Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Realtor.com has unveiled a set of climate risk tools that homeowners and homebuyers alike can use to learn the specific climate risks of a property. The tools, called Heat Factor, Wind Factor, and Air Factor, are available starting Wednesday and can map out a neighborhood's risks of above-normal days on the heat index, chances of experiencing wind gusts over 50 mph, and days of poor air quality. More than 40% of US homes, valued at a combined $20 trillion, are vulnerable to extreme heat, wind, and poor air quality, according to a Realtor.com analysis. Understanding your home's climate riskPrior to releasing the heat, wind, and air quality tools, Realtor.com already provided fire and flood risks for properties based on data from First Street. First Street, a climate-risk firm, is also behind the data on extreme heat, wind, and air quality now added to listings.

Persons: Realtor.com, Oscar Seikaly, Bob Stephens, homebuyers, Danielle Hale, Hale, Z, Redfin, we've Organizations: Service, Factor, Air Factor, Business, San, Sun Locations: Florida , California, Texas, Miami, San Francisco, California, Florida

☆ How a boutique bank that rode last year's healthcare M&A streak into the big leagues plans to continue to compete with the JPMorgan's of the world
▼ + stars: | 2024-03-13 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

It was more than double the value of the next-largest deal, a Japanese healthcare merger that clocked in at $22 billion. And, for its part, Seagen tapped advisors at two boutique firms: Centerview and MTS Health Partners. "We want to be the preeminent healthcare bank. Last year, during a healthcare M&A boom that's expected to continue this year, the bank onboarded 14 new staffers, including the partners, a company spokesperson said. Advertisement"We are absolutely in growth mode looking to have high-quality bankers who are capable of generating business off of this platform without all the accoutrements of a big bank," Weisenfeld continued.

Persons: Seagen, Andrew Weisenfeld, Goldman Sachs, Morgan Stanley, Dealogic, Weisenfeld, —, Curtis Lane, Bear, Daun Chung, Ryan Stewart, Reed Alexander Organizations: Service, Pfizer, Guggenheim, Centerview, MTS Health Partners, MTS, Goldman, JPMorgan, Bank of America, Partners, CTI, New, Bear Stearns, London Stock Exchange, Seagen, Medicines, Novartis, Chase Securities, Health Partners, Guggenheim Securities, Triple, SVB Securities, Solomon Partners, Citigroup Locations: Wall, New York City, Seattle

☆ Ad insiders are buzzing about industry power broker Michael Kassan's messy split with UTA and what it means for the future of MediaLink
▼ + stars: | 2024-03-13 | by ( Lara O'Reilly | Lucia Moses | ) www.businessinsider.com time to read: +9 min

After falling out with Kassan, UTA may think twice about buying another agency. The media and ad industry will be watching to see what, if any, leadership changes UTA makes at MediaLink. The end of the ad industry schmoozefest? One industry veteran said they saw Kassan's exit as an opportunity to change how ad industry consultants operate and charge for services. At the center of the dispute between UTA and Kassan is the MediaLink founder's $950,000 annual expense account.

Persons: Michael Kassan, MediaLink, Kassan, Jeremy Zimmer, Kassan wasn't, Vianney Tisseau, headhunting, Jon Miller, Sanford Michelman, Michelman, Robinson, Ethan Miller, Julian Jacobs, David Anderson, WME, Kassan's, Wenda Harris Millard, wasn't, what's, There's, Lou Paskalis, Marc Sternberg's, Lady Gaga, Elton John, Mariah Carey, Tom Brady, Rob Norman, WPP's Organizations: UTA, Cannes Lions, Consumer, Business, Los Angeles Superior Court, Los, Judicial, Mediation Services, Variety Cannes Lions Studio, Integrated Media, Getty, Talent, Accenture, General Motors, Netflix, JUV Consulting, Madison, Endeavor, Writers Guild of America, Zimmer, Western Initiative Media Worldwide, Interpublic Group, Bank of America, AJL, Marc Sternberg's Brand, Kassan, Southwest, NFL Locations: MediaLink, Cannes, France, Madison, Droga5, Hollywood, Kassan, California, South, Austin

☆ This winter was weirdly warm — and rough for retailers
▼ + stars: | 2024-03-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The US just experienced the warmest "meteorological winter" on record, NOAA said last week. It also led to unpredictable consumer demand, causing headaches for retailers and other businesses. For Dick's, warmer weather means that sales skew toward lightweight fleeces rather than pricier down parkas, she said. A retailer in South Dakota surveyed by the Federal Reserve said that even though the warmer weather led to higher foot traffic, sales of winter gear and equipment fell. AdvertisementFrom major complications to minor inconveniences, it's looking like this winter could be a preview of what's to come thanks to the climate crisis.

Persons: Lauren Hobart, Hobart's, didn't, Hal Lawton, Lawton isn't, Raymond James, Lowe's, Marvin Ellison, Bill Boltz, Wisconsin's Organizations: NOAA, Service, National Oceanographic, Atmospheric Administration, Sporting, Tractor, Co, Raymond, Raymond James Institutional Investors, Federal Reserve, Climate Central Locations: NOAA's, East, Midwest, South Dakota

☆ Beijing says property developers in deep trouble must go bankrupt
▼ + stars: | 2024-03-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China's housing minister, Ni Hong, said real-estate developers in serious trouble should be bankrupted and restructured. Analysts suggest Beijing's priority is to ensure delivery of property projects, not to save developers. AdvertisementChina's housing minister said Beijing will not be bailing out the country's distressed property developers. China's real-estate debt crisis has already taken down property giant Evergrande, which is currently undergoing liquidation. "We view the tone on the property sector set at the 'Two Sessions' as negative," they added, referring to China's parliamentary sessions.

Persons: Ni Hong, —, Xi, Li Qiang's, Ni, Jizhou Dong, Riley Jin Organizations: Service, Authorities, Nomura Locations: China, Beijing, Hong Kong

CNN —Miami Beach may be breaking up with spring break, but spring break isn’t moving on just yet. Video Ad Feedback Miami Beach wants to break up with spring break 00:50 - Source: CNN“This isn’t working anymore,” a young actor says in a viral YouTube video announcing the “breaking up” campaign. So you become hopeful again.”‘We hope it’s an amicable separation’On a visit to Miami Beach on Tuesday, the Republican governor stood with Miami Beach Mayor Steven Meiner to announce the deployment of state troopers to enhance security. In 2022, the City of Miami Beach similarly imposed a midnight curfew after two spring break shootings left five people injured on Ocean Drive. The area seemed tame, she said, compared to previous “crazy” spring break stays in Fort Lauderdale, about 35 miles north.

Persons: Ron DeSantis, ”, David Wallack, ” Wallack, Miami Beach’s, Wallack, Miami Beach Mayor Steven Meiner, ” DeSantis, “, “ We’ve, ” Meiner, Wayne Jones, ” Jones, Jones, Black Floridians, weren’t, Katie Ryan, Marta Lavandier, ’ ” Ryan, Avery Caimes, marveled, Mark Evenson, it’s Organizations: CNN, Miami, Florida Gov, Sunshine State, Miami Beach, Republican, Miami Beach Mayor, Miami City Commission, Miami Beach Police Department, Miami Beach police, Black Locations: Florida, Miami Beach, Miami, South Beach, Panama City, Daytona Beach, Fort Lauderdale, City of Miami Beach, South Florida, City, Biscayne Bay, Connecticut, Minnesota

☆ Why Walmart's quick success in generative AI search should have Google worried
▼ + stars: | 2024-03-10 | by ( Michelle Castillo | ) www.cnbc.com time to read: +4 min

During a call with analysts after its February earnings, Walmart CEO Doug McMillon talked about the gen AI search capabilities in its app. As a technology company, Walmart has to experiment a lot, and in the case of adding generative AI search capabilities, there's a very low cost for failure, she said. AI and search, shopping business model shiftsIt's not only Walmart investing in this type of search in the retail sector. Amazon's AI shopping assistant Rufus lets people have a conversation with the platform about what they need rather than just looking for direct items. "Google is anxious is about search in general, and the question this raises is will it be a death by a thousand cuts for Google Search?"

Persons: Doug McMillon, McMillon, Marc Lore, Sucharita Kodali, Kodali, Sergey Brin, Brin, Rufus, Jacob Bourne, Bourne, it's Organizations: Google, Walmart, Amazon, Insider Intelligence, Ikea, Lowe's

☆ Droughts killed more than 12 million trees in Mississippi and no one has the money to cut them down
▼ + stars: | 2024-03-09 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Droughts in 2023 killed more than 12 million pine trees in Mississippi last year. A report from the United States Department of Agriculture and the Mississippi Forestry Commission found that at least 12.5 million trees died in the state after droughts last year. Mississippi experienced heavy droughts last year starting in June that were so bad that NASA could see the Mississippi River shrinking from space in September. During the droughts, experts say that pine beetles swept across the state taking out entire patches of decades-old pine trees. "We are in a position where we are going to have to do something," Vozzo told The Clarion Ledger.

Persons: That's, Sen, Cindy Hyde, Smith, Pete Vozzo, Vozzo, McCain, Madison, De'Keither Stamps, Tate Reeves, Stamps Organizations: Service, United States Department of Agriculture, Mississippi Forestry Commission, Business, NASA, Republican, Smith, Property, Clarion, McCain Tree Service, Public Service, De'Keither, Gov Locations: Mississippi, Hyde, Madison, Jackson, Vicksburg

☆ A California man charged with smuggling greenhouse gases hints at the revival of a decades-long black market
▼ + stars: | 2024-03-09 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

But there's also a blooming black market in greenhouse gases. HFCs are commonly used in refrigerators and air conditioners, but they're also potent greenhouse gases. There's been a thriving black market for climate-altering refrigerant chemicals since the 1990s, at times as lucrative as selling cocaine. KAMIL KRZACZYNSKI/AFP via Getty ImagesThe black market "comes with the territory" of regulation, Doniger said. At the height of the CFC black market, many cars still used those refrigerants for their air conditioners.

Persons: there's, hydrofluorocarbons, they're, Adrees Latif, Michael Hart, Tara McGrath, There's, Hart, Carlo Allegri, David Doniger, HFCs, Avipsa, Victor Molina, KAMIL KRZACZYNSKI, Mahapatra, Doniger Organizations: Service, Department of, Business, Facebook, Department of Justice, Reuters, Natural Resources Defense Council, NASA, Environmental Investigation Agency, Getty, EPA, Department of Homeland Security, Department of Defense, DOJ, US Attorney's, Southern, of, New York Times, CFC Locations: San Diego, Mexico, Port of Miami, Montreal, Elk Grove Village , Illinois, AFP, United States, of California, HFCs, Europe

☆ He prosecuted child sex predators. Now, he’s going after Meta for allegedly enabling them
▼ + stars: | 2024-03-08 | by ( Clare Duffy | ) edition.cnn.com time to read: +13 min

Meta, along with other major social media companies, faces growing scrutiny over the safety of young users on its platforms. But of the several lawsuits filed against Meta over child safety in recent years, none have focused as pointedly as Torrez’s case on alleged child sexual exploitation. In some cases, Torrez said he volunteered to take child abuse cases and to visit safe houses to conduct interviews with child victims. The New Mexico Attorney General's office alleges it found in an investigation of Facebook and Instagram accounts promoting sexualized images of minors. Meta also says it has removed hundreds of thousands of accounts, groups and devices for violating its child safety policies.

Persons: Raúl Torrez, Torrez, Presiliano Torrez, ”, Mark Zuckerberg, pornographers, General Raúl Torrez, Countess, ” Torrez, Zuckerberg, Frances Haugen, ” Meta, Obama, Meta, Rebecca Wright, —, Linda Atkinson, aren’t, “, New Mexico Attorney General's, Issa Bee, Issa, you’re, Nkechi Nneji, Evelyn Hockstein, Ann Olivarius, McAlister Olivarius Organizations: New, New York CNN, Facebook, Meta, Tech, Getty, CNN, Communications, ”, Harvard, London School of Economics, Stanford Law School, New Mexico Department of Justice, New Mexico Attorney, PayPal, National Center for, Force, Reuters, Bureau, US News Locations: New York, New Mexico, Torrez, Washington ,, Albuquerque, Mexico, ”, Bernalillo County, Torrez’s, United States

☆ GM cuts Chevy Blazer EV price as sales restart following software issues
▼ + stars: | 2024-03-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

Scott Mlyn | CNBCDETROIT — General Motors is reducing the price of its new Chevrolet Blazer EV by thousands of dollars as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues. Current 2024 Blazer EV models will start at $50,195, or $6,520 less than when it first went on sale in August. "There is not this singular, predominant root cause that causes all of these issues," Cetinok told CNBC during an interview. Still no Apple CarPlayIn addition to fixing the software issues, GM added or changed some features following early customer feedback. More expensive "RS" models of the Blazer EV will be reduced by $5,620 to starting prices of $54,595 for all-wheel drive, or $56,170 for rear-wheel drive.

Persons: Scott Mlyn, Baris, Cetinok, Price Organizations: Electric, CNBC DETROIT —, Motors, Chevrolet, GM, CNBC, Apple, Blazer SS EV, Android Auto, Blazer, Apple Inc

☆ Vast reserves of clean hydrogen fuel could be hiding beneath our feet
▼ + stars: | 2024-03-07 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

Trillions of tons of lightweight, energy-dense hydrogen gas may be hidden deep underground. Those natural reservoirs, known as geologic hydrogen, could be a fruitful carbon-free fuel source. Oil and gas giants BP and Chevron have joined a consortium to study geologic hydrogen. That's when an oil and gas company assessed a mine that had exploded in Mali and found it was full of hydrogen gas. In the US, two long stretches of this rock are a promising place to look for hydrogen reserves, and efforts are already underway.

Persons: Bill Gates, Geoffrey Ellis, Joe Biden's, didn't, Ellis, John Barrasso, Evelyn N, Wang, Pete Johnson Organizations: Service, United Airlines, BP, Chevron, US, Energy, Natural Resources, Business, Research Projects Agency, ARPA Locations: Alberta, Canada, Mali, Kansas, Ontario, Michigan, New Jersey, Georgia, France, Australia, Brazil, Colombia, Albania, Albania's, Tirana, GENT

☆ American Eagle unveils strategy to grow profits, takes $94 million in impairment charges for logistics business
▼ + stars: | 2024-03-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Excluding one-time items, American Eagle posted adjusted earnings of 61 cents per share. In the current quarter, American Eagle expects sales to be up by a mid-single digit percentage, which is in line with estimates of up 5%, according to LSEG. During the Covid pandemic, American Eagle spent hundreds of millions of dollars acquiring a number of shipping and distribution companies that eventually became Quiet Platforms, the retailer's internal logistics branch. Last spring, American Eagle acknowledged that Quiet Platforms wasn't performing as it had expected. To increase profits, American Eagle plans to amplify its brands by growing its namesake banner, boost Aerie's expansion and develop the activewear assortment at its Offline banner.

Persons: RetailDive, Mike Mathias, Mathias, AEO, StreetAccount, we've, rationalizing, Jennifer Foyle, there's, It's, Foyle Organizations: LSEG, Eagle, CNBC, Abercrombie, Fitch

☆ Gen Zers want you to know they are sick of extravagant influencer brand trips
▼ + stars: | 2024-03-06 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Gen Z is growing disinterested in the extravagant brand trips influencers are sent on. The generation that has grown up with social media says the lavish lifestyles of the internet's rich and famous no longer thrill them. Tarte brand trips are famed in the influencer worldFor years, brand trips have been a way to solidify a company's name among the young people who watch YouTube and scroll TikTok and Instagram. Varbanova said there are some young people — mostly millennials and DINKs — who still see over-the-top, out-of-touch brand trips as aspirational. If Gen Z's spending money is the goal, brand trips are missing the mark.

Persons: influencers, Katya Varbanova, Maureen Kelly, Tarte, Bora, Shein, Tahrea Sherman, Sherman, Phil Treagus, Evans, Influencers, Varbanova, It's, DINKs —, Rather, she'd Organizations: Service, YouTube, Walmart, Giraffe Social Media, BI Locations: Bora Bora, China

☆ Companies are required to disclose their climate impact, SEC says
▼ + stars: | 2024-03-06 | by ( Allie Kelly | Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

Under the disclosure, public companies will have to release their greenhouse gas emissions, environmental risk impacts, and risk management strategies. Climate disclosure will create a standardized way for companies to report environmental impactPreviously, companies only disclosed their climate impact information on a voluntary basis. Bryan McGannon, managing director of the nonprofit sustainable investment forum US SIF, said the climate disclosure is "a really good first step" toward increasing transparency. The SEC might also be facing litigation from corporate America, which hopes to challenge the new climate disclosure in court, McGannon said. Some companies might be concerned about the potentially high costs of gathering data and complying with the disclosure, SEC officials said.

Persons: Gary Gensler, Steven Rothstein, Rothstein, Bryan McGannon, McGannon, Gavin Newsom Organizations: Service, US Securities and Exchange Commission, Business, Economic, SEC, BI, Ceres Accelerator, Sustainable Capital, US, CNBC, Clean Energy, Jobs Locations: America, California, Michigan

☆ Middle East Crisis Israeli’s Military Turns Back Convoy Trying to Get Food Into Gaza, U.N. Agency Says
▼ + stars: | 2024-03-06 | by ( Anushka Patil | ) www.nytimes.com time to read: +3 min

Starbucks franchise operators across the Middle East and Southeast Asia are losing significant business amid boycotts linked to the Israel-Hamas war, and at least one has started laying off employees. “I think all those who are boycotting Starbucks Malaysia should know that it is a Malaysia-owned company,” he said. A similar post was published on the site for Starbucks in the Middle East. In January, Starbucks cut its global annual sales forecast as the Israel-Hamas war hurt the business of its licensees in the Middle East. Starbucks said it would continue to grow its business in the Middle East, including working with Alshaya Group in developing plans for the region.

Persons: Vincent Tan, ”, Laxman Narasimhan, Howard Schultz Organizations: Starbucks, Alshaya, Hamas, Food Berhad, Starbucks Malaysia, Alshaya Group Locations: East, Southeast Asia, Israel, Kuwait, North Africa, United States, Malaysia

☆ 4 tips financial planners are always giving solopreneurs and small-business owners
▼ + stars: | 2024-03-06 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +7 min

Solo business owners face unique challenges in managing business finances. Starting simple and delegating tasks are important skills to help owners stay organized. Build in necessary expensesSolopreneurs often operate all aspects of their business — building a product, dealing with customers, and keeping track of finances. Business owners should also be mindful of how they go about outsourcing these services , Camp added. Camp said these resources could help solo business owners build their teams and stay organized without losing money.

Persons: —, Rachael Camp, you’re, it's, ” Camp, Kathryn Knighton, Knighton, ”, Camp, “, ” Knighton, don’t Organizations: Service, Wealth, Camp, Business, Small Business Administration Locations: ” Knighton

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