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☆ What a hung parliament in France could mean for markets
▼ + stars: | 2024-07-07 | by ( Matt Clinch | ) www.cnbc.com time to read: +4 min

Emmanuel Dunand | Afp | Getty ImagesInitial indications on Sunday evening for the French parliamentary run-off vote threw up some big surprises, leaving political commentators contemplating a "hung parliament" scenario that could prove challenging for both policymaking and financial markets. With none of the groups expected to hit the 289 seats needed for an absolute majority, gridlock could ensue over the coming weeks. The euro slipped about 0.3% against the U.S. dollar in thin trading on Sunday evening after the exit polls were released. "Regardless, uncertainty about the outlook for French policymaking is likely to be long-lasting," the analysts said. France is facing a challenging fiscal position, and the European Commission announced two weeks ago that it intended to place France under an Excessive Deficit Procedure due to its failure to keep its budget deficit within 3 percent of gross domestic product.

Persons: Emmanuel Dunand, France's, Emmanuel Macron's, policymaking, Jack Allen, Reynolds, Macron, David Roche Organizations: la Republique, Afp, Getty, Popular Front, Rassemblement National, U.S, Citi, Daiwa, European Commission, Capital Economics, Independent, National Rally Locations: France, la, Paris, Italy, Germany

☆ Stop worrying and learn to love the triumph of Big Tech over everything
▼ + stars: | 2024-07-07 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

We don't say they have a secular wind at their backs. We don't say: Apple's business is much better than we thought. They keep coming back to one main point: You can't have these companies dominate without something bad happening to the stock market. Let me present a different, factual manifesto: The companies with these amazing gains are companies that just don't stop inventing. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Eli Lilly, Joe Biden, Biden, Lilly, —, Tesla, Elon Musk, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Microsoft, Apple, Nvidia, Nasdaq, pharma, Novo Nordisk, National Football League, YouTube, Web Services, Costco, Walmart, Jim Cramer's Charitable, CNBC, Facebook, Google Locations: Lilly

☆ Starbucks' plan for stock gains includes more than just discounts and value combos
▼ + stars: | 2024-07-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

He needs to execute better," Jim Cramer stressed, referring to Starbucks CEO Laxman Narasimhan, during the Investing Club's June Monthly Meeting . Then in mid-June, Starbucks launched its limited-time "Pairings Menu," which includes a $5 coffee-and-croissant combo and a $6 coffee-and-breakfast-sandwich deal. Order up Jefferies' Barish also raised questions about Starbucks' menu innovations, arguing its updated drink options are not driving sales as much as hoped. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: it's, Jim Cramer, Laxman Narasimhan, Jim, Rachel Ruggeri, Burger King, Jefferies, Andy Barish, Barish, TD Cowen, Cowen, Edward Lewis, Lewis, they're, Narasimhan, Ruggeri, Berry, Long, We've, Jim Cramer's, Spencer Platt Organizations: Starbucks, Taco Bell, Street, CNBC, Getty Locations: North America, Israel, Gaza, China, Burger, Manhattan, New York City

☆ These stocks, including Nvidia, have more room to run in July, Bank of America says
▼ + stars: | 2024-07-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Bank of America said this week that a slate of stocks is poised for upside as the summer heats up. CNBC Pro combed through Bank of America's research to find buy-rated stocks that are too attractive to ignore. Carnival Carnival is coming off better-than-expected earnings in late June. Bank of America analyst Andrew Didora said in a recent note that this bodes well for the stock in the months ahead. Palantir "We're still in the early innings of AI adoption and expect Palantir (PLTR) to continue to see significant upside from this trend.

Persons: Andrew Didora, Didora, Jason Kupferberg, Kupferberg, Mariana Perez Mora, Palantir, Mora, We're Organizations: of America, Nvidia, CNBC, Bank of, Palantir Technologies, Bank of America, CCL, Palantir, U.S . Department of Defense, Blackwell, …

☆ Labour Wins Back Trust of British Jews Who Turned From the Party
▼ + stars: | 2024-07-05 | by ( Jenny Gross | ) www.nytimes.com time to read: +1 min

From the day that Keir Starmer became the head of the Labour Party in 2020, he made repairing ties with British Jews a priority, calling antisemitism a “stain” on the party. On Thursday, many British Jews who had turned away from Labour in the 2019 general election gave the party another chance. Labour won back several North London constituencies with significant Jewish populations. Nearly half of Jewish voters planned to support the Labour Party in Thursday’s election, according to a poll of 2,717 Jewish adults who responded to the Jewish Current Affairs Survey taken in June, before the election. Jewish support for the party under Mr. Corbyn reached a low of 11 percent in the 2019 general election, according to the Institute for Jewish Policy Research, which focuses on Jewish life in Europe.

Persons: Keir Starmer, Jeremy Corbyn, Corbyn Organizations: Labour Party, Labour, Jewish Current Affairs, Institute for Jewish, Research Locations: London, Thursday’s, Europe

☆ Goldman Sachs upgrades UK growth forecast after huge Labour election win
▼ + stars: | 2024-07-05 | by ( Vicky Mckeever | ) www.cnbc.com time to read: 1 min

LONDON — Goldman Sachs on Friday upgraded its growth forecast for the U.K. after the Labour Party's thumping victory in the country's general election. The investment bank said in a note released early Friday morning that it expected Labour's fiscal policy agenda to provide a "modest boost to demand growth in the near-term" and raised its gross domestic product (GDP) forecasts for the U.K. by 0.1 percentage points in 2025 and 2026 to 1.6% and 1.5% respectively. "Reforms to the planning system could boost housebuilding and productivity; higher public sector investment could lift potential output; and closer trade ties with the EU could mitigate some of the costs of Brexit," Goldman Sachs economists said in the note.

Persons: Goldman Sachs Organizations: LONDON, Labour

☆ Bank of America's global 'Best of Breed' portfolio is trouncing the market. Here's what's in it
▼ + stars: | 2024-07-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Investors looking for outperformance in the third quarter may want to check Bank of America's global "Best of Breed" portfolio. Its third-quarter Best of Breed list is heavily exposed to tech, with the sector netting a 64% portfolio weighting. Here are some of the stocks in the portfolio: Nvidia made the list after a monstrous run this year, surging about 159%. The firm reiterated its overweight rating and raised its price target to $144 from $116 in a Monday note. The firm sees revenue growth accelerating in the second half of this year and operating income growth inflecting in 2025.

Persons: Morgan Stanley, Shopify, BofA, Tyler Radke, NetEase Organizations: America's, Nvidia, Apple, Microsoft, Citi, U.S, Palantir Technologies Locations: U.S, China

☆ Keir Starmer must fix Britain’s economic mess after UK election win
▼ + stars: | 2024-07-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

London CNN —British voters have handed the Labour Party its first election victory in almost two decades, hoping that a new center-left government will revive Britain’s ailing economy and fix collapsing public services. The win is a triumph for Keir Starmer, a former chief prosecutor who only entered parliament in 2015 and will become prime minister later Friday. “It feels good, I have to be honest.”But Labour’s jubilation may soon give way to trepidation given the economic challenges ahead. Making these problems even harder to solve: stubbornly low economic growth. To some extent, the government is likely hoping economic growth will be stronger than forecast and help with both goals.

Persons: Conservative Party —, Keir Starmer, ”, ” Gregory Thwaites, ” ‘, “, Paul Johnson, —, Dominic Lipinski, Johnson, Louise Hellem, Rachel Reeves, Stefan Rousseau, ” Brexit Organizations: London CNN — British, Labour Party, Conservative Party, National Health Service, Universal Credit, CNN, Labour, for Fiscal Studies, Bloomberg, Getty, Wealth Fund, Great, Great British Energy, “, Confederation of Business Industry, Conservative, Shadow, AP, European Union, Trade Locations: England, Scotland, Wales, Selby, UK, Great British, Britain, Southampton, United States

☆ Wells Fargo gives its best tactical trades for the third quarter
▼ + stars: | 2024-07-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Against this backdrop, Wells Fargo ran a screen looking for stocks that its analysts rate overweight, and that have positive catalysts in the third quarter quarter. Here's which stocks made the cut: Capital One has a potential catalyst if the Discover merger goes through, according to Wells Fargo. Wells Fargo is out of step on Wall Street, as the average analyst has a hold rating on Capital One. The typical price target implies nearly 16% upside, while Wells Fargo sees the stock soaring more than 37% from Monday's close. On the other hand, Wells Fargo said Tesla and Old Dominion Freight Line could see downside from negative catalysts in the third quarter.

Persons: Wells, Wells Fargo, LSEG, Tesla Organizations: Nasdaq, Algonquin Power & Utilities, Semiconductor, iShares Semiconductor, Old Dominion, Tesla Locations: Wells Fargo, Wells, Ontario, China, Monday's

☆ Tesla shares wipe out loss for the year with 27% rally this week
▼ + stars: | 2024-07-05 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. Tesla's stock price rose enough on Friday to wipe out its loss for the year and bring its gain for the week to 27%. The latest rally was sparked by a better-than-expected deliveries report for the second quarter on Tuesday. In April, Tesla shares hit a 52-week low after a string of troubling developments. Since last year, Tesla has been offering extensive discounts and incentives to attract customers to its aging lineup of EVs, including its popular entry-level Model 3 sedans, Model Y crossover utility vehicles, and its more expensive, flagship Model S sedans and Model X SUVs.

Persons: Elon Musk, Mark Read, Tesla Organizations: Cannes Lions Locations: Cannes, France, Texas

☆ Parenting influencers in Illinois must now pay their children if they feature in videos. Experts say it's about time.
▼ + stars: | 2024-07-05 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewA new law passed in Illinois on July 1 requires parenting influencers to set aside 15% of their earnings for their kids who appear on camera. But, there is a market for family content because it gets good engagement, Varbanova added. "If people stopped watching family content, family vloggers wouldn't exist." Because family content is so successful, it's also tough to give it up. Advertisement"If they appear in all of the videos, they should get at least 50% of the revenue," Varbanova said.

Persons: —, Shreya Nallamothu, Jessica Maddox, Naomi Cahn, Katya Varbanova, shouldn't, Varbanova, influencer Jordan, Lilly Davis, Paul, Momfluencer Ruby Franke, Ruby Franke, Wren, Jacquelyn Paul, TikTok, it's Organizations: Service, YouTube, Business, Associated Press, University of Alabama, AP, The New York Times, University of Virginia's Family Law, School of Law, UVA, Disney Locations: Illinois, Washington , Maryland, California

☆ IRS has taken nearly 2 years to help tax identity theft victims get their refunds
▼ + stars: | 2024-07-05 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service, speaks at a Senate Appropriations subcommittee hearing in Washington, D.C., on May 19, 2021. There's a pileup of tax identity theft cases at the IRS — but the agency is working on a "range of improvements" to speed up service. Identity theft victims have waited more than 22 months for resolution, plus several weeks for refunds. Tax identity theft happens when criminals use stolen personal information to file a fraudulent tax return to claim a refund. Collins reported in January that identity theft victims were waiting 19 months for resolution and refunds, which stemmed from Covid-19 shutdowns and pandemic relief.

Persons: Erin Collins, There's, It's, Collins Organizations: Taxpayer Advocate Service, Washington , D.C, IRS, Finance, Security Locations: Washington ,, Covid

☆ Who Is David Lammy, Britain’s New Foreign Secretary?
▼ + stars: | 2024-07-05 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

David Lammy, the son of Guyanese immigrants who grew up poor in working-class London, on Friday became Britain’s chief diplomat, taking the lead on British foreign policy at a time of significant challenges. Mr. Lammy, 51, has deep ties to the United States, having spent summers with relatives in Brooklyn and Queens and earning a master’s degree at Harvard Law School. He met Barack Obama 20 years ago at a gathering of Black Harvard alumni, and this year he had dinner with the former U.S. president when Mr. Obama visited London. Mr. Lammy canvassed in Chicago for Mr. Obama during his first presidential campaign, and he has developed a deep network of contacts within the Democratic Party. In an essay in Foreign Affairs magazine published in April, Mr. Lammy wrote that he would focus on rebuilding ties with the European Union, which have been strained by Britain’s decision to leave the bloc, and that his priority was backing Ukraine.

Persons: David Lammy, Lammy, Barack Obama, Obama Organizations: Queens, Harvard Law School, Black Harvard, Mr, Democratic Party, Foreign Affairs, European Union Locations: United States, Brooklyn, London, Chicago, Ukraine

☆ Russian Who Led Troops Linked to Bucha Killings Is Charged With Corruption
▼ + stars: | 2024-07-04 | by ( Paul Sonne | More About Paul Sonne | ) www.nytimes.com time to read: +1 min

Colonel Gorodilov led the unit at the time and was present in the town where hundreds of civilians died, in some cases as a result of brutal executions, The Times found. Russian troops retreated from the area in early 2022. The U.S. government imposed sanctions on Colonel Gorodilov last year for what it called “his involvement in gross violations of human rights, namely extrajudicial killings.”He was promoted to the rank of colonel days after images from Bucha emerged publicly and turned the suburb into a global symbol of the terror that Russian forces have brought to occupied Ukrainian towns. Moscow has denied involvement in the Bucha killings, with President Vladimir V. Putin of Russia calling the events “a provocation.” The Times, however, identified two dozen members of the 234th Regiment who were in Bucha at the time of the massacre, in part by tracing the numbers the troops called in Russia using the Ukrainian victims’ mobile phones.

Persons: Gorodilov, Bucha, Vladimir V, Putin Organizations: Times, 234th Regiment Locations: U.S, Ukrainian, Moscow, Russia, Bucha

Mortgage rates increased overall this week, with 30-year mortgage rates ticking up closer to 7%, according to Freddie Mac. This means mortgage rates should go down in the coming months and years. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Online-gambling giants conquer U.S. with tactics deemed too tough for Britain
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: +22 min

NYSEIn 2018, British regulators sanctioned the UK arm of online gambling giant Flutter after it failed to catch an astonishing anomaly. The United States is Flutter's largest and fastest-growing market in terms of revenue. Both online sports betting and online casinos have been legal and regulated far longer in Britain than in the United States. But in the United States, Flutter doesn't place such limits on the age group. Around a decade ago, British politicians became concerned about a rise in gambling-linked fraud and suicides involving online VIP customers.

Persons: Peter Jackson, America —, Amit Patel, Patel, Alex King, King, FanDuel, Chris Ratcliffe, haven't, hasn't, Jackson, weren't incentivized, Flutter's FanDuel, Entain, Rob Wood, BetMGM, Paul Tonko, Tonko, Entain's Wood, —, Joe K, Joe, Pavlo Gonchar, Rob Gronkowski, Jamie Foxx, Foxx, Gronkowski, Goldman Sachs, who'd, Betfair, Entain's, Felicia Grondin, Silquia Patel, Eduardo Munoz, Flutter's, Chris Jones, Josh Giaramita Organizations: MGM, New York Stock Exchange, NYSE, Flutter's U.S, Jacksonville Jaguars, Reuters, Fanduel Inc, Bloomberg, Getty, The New York Stock Exchange, NYSE BetMGM, MGM Resorts International, MGM Resorts, New York Democrat, U.S, Lightrocket, Supreme, American Gaming Association, New York, Gaming Commission Locations: America, Edinburgh, Britain, United States, Dublin, U.S, British, BetMGM, New Jersey, States, United Kingdom, Ireland, New York, East Rutherford , New Jersey, FanDuel

☆ Jeffrey Donaldson: Former top Northern Irish politician to stand trial over alleged sex offenses
▼ + stars: | 2024-07-03 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +2 min

CNN —The former leader of Northern Ireland’s most prominent pro-union party, Jeffrey Donaldson, will stand trial over allegations of historical sex offenses including one charge of rape. Eleanor Donaldson, center, is also set to stand trial in September. Niall Carson/PADonaldson led the DUP from 2019, throughout much of the turbulent Brexit process, regularly voicing his opposition to the Northern Ireland Protocol, a key part of the Brexit withdrawal agreement that ensured there was no hard border between Northern Ireland and the Republic of Ireland. Donaldson’s trial was announced as people in Northern Ireland were preparing to vote in the UK general election. Northern Irish politicians can choose to either run for a seat in Westminster or for a seat in the devolved legislature, the Northern Ireland Assembly.

Persons: Jeffrey Donaldson, Donaldson, “, ”, Eleanor Donaldson, Niall Carson, Both Donaldson, RTÉ, Donaldson’s, Sinn Féin, Jonathan Buckley Organizations: CNN, Northern, Northern Ireland Courts, Democratic Unionist Party, PA Media, DUP, Republic of Ireland, Northern Ireland Assembly, Lawmakers, Nationalist Locations: Northern Ireland, Republic of, Westminster, Lagan

☆ Tesla up another 3% in premarket trading after better-than-expected deliveries report
▼ + stars: | 2024-07-03 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Tesla shares saw more gains in premarket trading Wednesday, after jumping 10% in the previous session following the release of second-quarter vehicle production and deliveries figures that beat analyst expectations. Tesla's total deliveries hit 443,956 vehicles in the second quarter, with total production at 410,831 vehicles over the period. Analysts had expected that Tesla deliveries — the closest approximation of sales disclosed by the automaker — to reach 439,000 in the three-month stretch ending on June 30, according to a consensus of estimates compiled by FactSet StreetAccount. In a Tuesday note, Citi analysts said they anticipate a "favorable share price reaction" following the release.

Persons: Tesla, FactSet StreetAccount, — CNBC's Lora Kolodny, Ganesh Rao Organizations: Citi Locations: Los Angeles

☆ An influential Democratic donor says Biden has 'misplaced trust' in a 'cabal' of 3 top aides
▼ + stars: | 2024-07-03 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Read previewDemocratic megadonor John Morgan has joined the camp of people pointing fingers at President Joe Biden's top aides for his poor debate performance. That group includes Biden's senior advisor, Anita Dunn; her husband, Bob Bauer, Biden's personal attorney; and Biden's former chief of staff, Ron Klain. This story is available exclusively to Business Insider subscribers. AdvertisementAnother longtime Democratic donor, Whitney Tilson, said in a Saturday post on X that he felt "deceived" by Biden's performance. Morgan and representatives for Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, John Morgan, Joe Biden's, Morgan, Anita Dunn, Bob Bauer, Ron Klain, Biden, @katierogers — John Morgan, Harris, Trump, Whitney Tilson, Joe Biden, Tilson, Biden didn't Organizations: Service, Politico, Business, CNN, Biden, Bloomberg, Democratic, Trump, Business Insider

☆ Kevin Costner's self-financed movie was a box-office flop. Experts say he's 'going to lose a lot of money.'
▼ + stars: | 2024-07-02 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +6 min

To get "Horizon" made, the former "Yellowstone" star mortgaged his property in Santa Barbara and invested $38 million of his own money. One industry insider told Business Insider they were skeptical: "He won't lose his house, but he's potentially going to lose a lot of money." Doing the math, that means that for every $10 million "Horizon" makes at the box office, Costner and his investors see $4.6 million back. That means to recoup the $30 million Costner invested in marketing the first "Horizon" movie, it will have to make north of $65 million domestically. AdvertisementBusiness Insider contacted reps for Warner Bros. and Kevin Costner to comment on this story but did not receive a response.

Persons: —, Kevin Costner's, Costner, Max, presales, Kevin Costner, Rocco Spaziani, It's, Costner isn't, it's Organizations: Service, Business, Warner Bros, Warner, Mondadori, Cannes, International, Variety, BI Locations: American, Santa Barbara, France

"We see softness in data — permits, starts, sales and prices all recently below expectations — potentially continuing in 2H," the analyst wrote. The bank initiated the health care tech stock with an overweight rating and a December 2025 price target of $24. "Waystar is a vertical, cloud-based software company focused on automating, digitizing, and enhancing revenue cycle management functions," wrote analyst Anne Samuel. Analyst Daniel Politzer reiterated his overweight rating on the casino and resort stock but lowered his price target to $58 from $60. The analyst wrote that he sees "the current valuation as an attractive entry point into what we view as one of the most durable companies in our coverage."

Persons: Piper Sandler, Mizuho, Piper Sandler downgrades CrowdStrike Piper Sandler, Rob Owens, Owens, CrowdStrike, Lisa Kailai Han, downgrades Goldman, Jim Mitchell, Goldman Sachs, Mitchell, Goldman, — Jesse Pound, Brandt Montour, Montour, VIK, — Hakyung Kim, Anthony Pettinari, Pettinari, — Lisa Kailai Han, Guggenheim, Tesla, Ronald Jewsikow, Keith Gill, Gill, he's, Kitty, Musk, Jewsikow, Waystar, Anne Samuel, Samuels, Jessica Reif Ehrlich, Ehrlich, Wells, Daniel Politzer, Politzer, GGR, WYNN est's, —, Mizuho Mizuho, James Lee, Lee, Fred Imbert Organizations: CNBC, Seaport, of America, downgrades Goldman Sachs Seaport Research, Bank of America, Barclays, Viking Holdings, American Baby Boomers, Citi, Federal, Securities and Exchange Commission, JPMorgan, Nasdaq, Spotify, Spotify Technology, Las Vegas, Vegas, Macau GGR, Intelligence, Amazon Locations: Amazon, SIEM, Lennar, 2H, Chewy, Europe, China, Las, Las Vegas Sands, Macau, Bay Sands, Singapore, Atlassian, Monday's

☆ The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming
▼ + stars: | 2024-07-02 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

Yet, in a year of elections around the world, politicians are largely ignoring the problem, unwilling to level with voters about the tax increases and spending cuts needed to tackle the deluge of borrowing. In France, political turmoil has exacerbated concerns about the country’s debt, sending bond yields, or returns demanded by investors, soaring. “Many (politicians) are not willing to talk about the hard choices that are going to need to be made. Despite growing alarm over the federal government’s debt pile, neither Joe Biden nor Donald Trump, the main 2024 presidential candidates, are promising fiscal discipline ahead of the election. Former Prime Minister Liz Truss triggered a collapse in the pound in 2022 when she tried to force through big tax cuts funded by increased borrowing.

Persons: ” Roger Hallam, Karen Dynan, ” Kenneth Rogoff, ”, don’t, Joe Biden, Donald Trump, Biden, Paul Johnson, William Ruto, Liz Truss, hasn’t, Emmanuel Macron, Dynan, it’s Organizations: London CNN, Monetary Fund, Investors, Vanguard, CNN, US Treasury, Harvard Kennedy School, Harvard University, “, Congressional, CBO, Trump, Fiscal Studies, United Kingdom, Former Locations: United States, France, Germany, Kenya

☆ Peloton staved off the cash crunch that threatened its business. Where does it go now?
▼ + stars: | 2024-07-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +8 min

Before the refinancing, Peloton would have needed to pay around $800 million toward its debt by November 2025. Now that it has refinanced, Peloton has eased investor concerns about liquidity and has the breathing room it needs to try to turn around its business. Peloton faces risks aheadWhile the refinance may have bought Peloton some time, it's far from a panacea. Under the terms, Peloton will now be spending about $133 million annually in interest, up from around $89 million previously. As of the end of March, Peloton had about 6.6 million members — woefully behind that long-term target.

Persons: Michael Nagle, JP Morgan, Goldman Sachs, hasn't, Liz Coddington, Coddington, Evan DuFaux, Soros didn't, Neil Saunders, Barry McCarthy's, Karen Boone, Chris Bruzzo, Scott Stuart, Simeon Siegel, Siegel, John Foley, McCarthy, —, McCarthy – Organizations: Interactive, Bloomberg, Getty, CNBC, Soros Fund Management, Silver Point, GlobalData, Netflix, Turnaround Management Association, BMO Capital Markets, Spotify Locations: New York

☆ Here's how much it cost this Swiftie to chase his idol across 4 countries and 10 shows
▼ + stars: | 2024-07-02 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

He added that he lived vicariously through Swift's music in his formative years. $230 on Eras Tour merchHe spent about $230 on official Eras Tour souvenirs, which included two t-shirts, one hoodie, and one crewneck sweater. Swifties are shelling out big time for the Eras TourJailani is not the only one willing to spend big bucks for the Eras Tour. A report by research company QuestionPro found that Swifties were spending $1,300 on average to attend the Eras Tour. According to Rolling Stone, a 27-year-old fan visited the Eras Tour 20 times across North America.

Persons: —, Daniel Jailani, Taylor Swift, Jailani, Swift, Daniel Jailani Jailani, QuestionPro, Rolling Organizations: Service, Business, Wembley, —, Singapore Coldplay, Singapore Airlines, Swift's, Tourist Italy, BMI, Fitch Solutions Locations: Singapore, Australia, France, United Kingdom, He's, London, Melbourne, Lyon, Paris, Here's, North America, Europe, Milan, Italian, Portugal, Spain, Swiftonomics, Canada

☆ I sailed on Silversea's new ultra-luxury cruise ship and was blown away by all the perks you get for $650 a day
▼ + stars: | 2024-07-02 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Silversea invited me on a complimentary five-night cruise on its new 728-guest ship, Silver Ray. See all the amenities wealthy cruisers get on Silver Ray, from caviar room service to butlers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Silversea's new 728-guest ship is the cruise to go on when you want to be surrounded by 60-some-year-olds who enjoy Champagne, quiet vacations, and $180, 11-course dinners. In mid-June, the ultra-luxury cruise line's latest and 12th vessel, Silver Ray, set sail on its maiden voyage.

Persons: Silversea, Silver Ray, —, Ray Organizations: butlers, Service

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