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☆ How the US Navy's Virginia-class attack submarine gives the US an edge in global undersea superiority
▼ + stars: | 2024-05-23 | by ( Kris Osborn | ) www.businessinsider.com time to read: +6 min

The Navy's Virginia-Class: The best submarine of all timeThe Virginia-class attack submarine USS Virginia returns to Naval Submarine Base New London after her maiden six-month deployment. Given these and other variables, Virginia-class submarines are becoming increasingly critical to clandestine "intel" missions in high-risk areas. Virginia-class vs. Kilo-class submarinesFuture Virginia-class attack submarine PCU Idaho during a christening ceremony at General Dynamics Electric Boat shipyard facility in Groton, Connecticut. Attack submarines as "intel spy" submarinesThe Virginia-class fast-attack submarine USS Indiana surfaces in the Beaufort Sea during Operation Ice Camp. This can increase the speed of maneuverability and an attack submarine's ability to quickly shift course, change speed, or alter depth positioning when faced with an attack.

Persons: —, Steven Myers, John Narewski Block, Foster, Alexander Yachanin Organizations: Service, Pentagon, US Navy, Business, Naval Submarine Base, intel, General Dynamics Electric, Intelligence, Camp, Stanford University, Nuclear, Electronics, Brandon Holland, United States Submarine Force, Special Operations Forces, Tomahawk, Forces Locations: Navy's Virginia, Virginia, London, South Dakota, Idaho, Groton , Connecticut, Indiana, Beaufort, Los Angeles, The Virginia, Mississippi, Yokosuka

☆ Daily marijuana use surpasses alcohol consumption, new study finds. Here's what it means for the industry
▼ + stars: | 2024-05-23 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

Although alcohol overall remains more widely used, 2022 was the first-time daily marijuana use overtook drinking at the same frequency, with roughly 17.7 million cannabis users and 14.7 million drinkers, respectively. That is a 15-fold increase for cannabis since 1992 when only 900,000 Americans disclosed using the drug daily compared with 8.9 million daily drinkers. The spirits and alcohol industry, however, has been working to defend its market share despite shifting trends among younger consumers. However, some analysts on Wall Street expect greater impact to the alcohol industry from cannabis adoption. "We estimate that legal cannabis could be negatively impacting beer volume [compound annual growth rate] by up to 230 bps in Canada and 75 bps in the U.S. where legal," said Bernstein analyst Nadine Sarwat.

Persons: Roth, Scott Fortune, Bill Kirk, Kirk, Fortune, Bernstein, Nadine Sarwat, Sarwat Organizations: The U.S . Drug Enforcement Administration, Carnegie Mellon University, Administration, Wall, distillers, Constellation Brands, Diageo, AB InBev, Molson Coors Locations: San Anselmo , California, The U.S, U.S, Canada

☆ From ‘The Sympathizer’ to ‘Past Lives,’ American Audiences Warm to Subtitles
▼ + stars: | 2024-05-23 | by ( Brandon Yu | Alice Fang | ) www.nytimes.com time to read: +6 min

In Hollywood today, not only are Asian and Asian American narratives more prominent than ever, but they are also being told in increasingly dynamic ways through the artful use of Asian languages. The sequence is emblematic of a significant shift in how Asian languages are featured in American film and TV. Marvel” (2022) and “American Born Chinese” (2023) — that use Asian languages to bring additional depth and nuance to their stories. “The trend has shifted.”It’s a startling evolution from how Asian languages have typically appeared on American screens. The internet’s broad entertainment ecosystem has also diversified the American media palate.

Persons: ”, —, sheepishly, “, Robert Downey Jr, Bong Joon, Bong Joon Ho, Sharon Choi, Paul Drinkwater, Pachinko ”, Marvel ”, Minjeong Kim, Don McKellar, ” McKellar, ” “, ” Hopper Stone, ” Kim, Bela Bajaria, Lupin, helming, Lulu Wang, ’ Organizations: Communist, Hollywood Vietnam, Globe, Golden Globe, NBCUniversal, Getty, Center, Asian, Pacific Studies, San Diego State University, HBO, YouTube, Netflix, Spanish Locations: Hollywood, Vietnam, Hong Kong

☆ Here's how Disney’s streaming business can work toward Netflix-like profitability
▼ + stars: | 2024-05-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +14 min

Disney's streaming margins, while still negative due to losses and nowhere near Netflix's, have improved significantly in recent quarters and are now on the doorstep of an important milestone. Disney's streaming overview Disney+ is its flagship streaming service across the globe. The ARPU discrepancy on Disney+ core helps explain why Netflix is much more profitable than Disney's streaming business. Given that Disney's streaming business has rolled out pretty much everywhere across the globe, Cruetz said moving forward "it's about driving more penetration in those markets." The latest is a matchup with Disney and HBO's parent Warner Bros Discovery , whose flagship streaming service is called Max.

Persons: Bob Iger, Disney, Iger, Covid, Morgan Stanley, It's, That's, Cowen, Doug Creutz, Hulu's, Cowen's Cruetz, Brandon Nispel, Cruetz, TD Cowen, Max, Creutz, cannibalization, it's, KeyBanc's Nispel, Wells Fargo, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Disney, Netflix, ESPN, Reliance Industries, Century Fox, CNBC, Comcast, Capital, Warner Bros Discovery, Getty Locations: Netflix's, Hulu, India, Malaysia, Philippines, Thailand, U.S, Canada, Europe, Africa, West Asia, Los Angeles

☆ Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in business and politics
▼ + stars: | 2024-05-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Continental Resources donated $1 million to the super PAC in April, according to Federal Election Commission records. A spokeswoman for both Continental Resources and Hamm, its executive chairman, did not respond to a request for comment. All seven wells have been active since 2011, just two years after Burgum's family signed an agreement with Continental Resources. The Burgum Farm Partnership LLP, which oversees the family farm land in Williams County and Cass County, is worth between $500,001 and $1 million, according to the financial disclosure. Doug Burgum is a managing partner of the Burgum Farm Partnership, and he signed the businesses' latest annual report in March.

Persons: Donald Trump, Doug Burgum, Vivek Ramaswamy, Jabin, Harold Hamm, Burgum, Theodore Roosevelt, Sen, Marco Rubio, Rubio, Trump, Hamm, Bradley Burgum, Mike Nowatzki, Nowatzki, Burgum's, He's, Barbara, Edward Hirs, Brandon Bell, Jack Balagia, Ryan Kellog, Kellog, Ted Borrego, —, Virginia Canter, Canter, Chip Somodevilla, he's, Kathryn, Dan Eberhart, Eberhart, Leah Millis Organizations: North Dakota Gov, Margate, Washington Post, Continental Resources, Trump White House, CNBC, Trump, Republican, Trump that's, Inc, Commission, Continental, Federal, North Dakota's Minerals Department, Drilling, LLP, University of Houston, Getty, University of Texas, Exxon Mobil, University of Chicago, University of Houston Law Center, Trump White, North, Canter . North, Burgum Locations: Laconia, NH, Hamm, North Dakota, Williams County, Burgum, Fla, Florida, Dakota, North, Brooklyn, Cass County, Fort Stockton , Texas, Washington, Canter ., Canter . North Dakota, Laconia , New Hampshire, Continental Resources . North Dakota, Pittsburgh , Pennsylvania, U.S

Digital pharmacy startup Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections, the company announced Monday. The company, which offers a range of direct-to-consumer treatments for conditions like erectile dysfunction and hair loss, launched a weight loss program in December. But GLP-1 medications — the class of drugs like Ozempic and Wegovy that have skyrocketed in popularity — were not previously offered as part of that program. Customers can access the compounded GLP-1 medications via a prescription from a licensed healthcare providers on the Hims & Hers platform. The company's oral medication kits start at $79 a month, and its compounded GLP-1 injections will start at $199 a month.

Persons: Andrew Dudum, Dudum Organizations: Novo Nordisk, FDA, U.S . Food, Drug Administration, CNBC, & $ Locations: U.S

☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

☆ Insider Today: Google's big shakeup
▼ + stars: | 2024-05-19 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. If you're interviewing for a job in the coming weeks, check out these five questions to ask at the end. Roaring Kitty; Getty Images; Alyssa Powell/BIThis week's dispatchInvestors go back to the futureAdvertisementStocks hit record highs. And with bitcoin hovering near record highs and the crypto winter seemingly behind us, crypto companies are on the front foot once more. Erdinhasdemir/Getty Images, Choness/Getty Images, Abanti Chowdhury/BIThe hottest jobs right now are blueWant a six-figure salary?

Persons: —, Kitty, Alyssa Powell, Keith Gill, Brandon Celi, Abanti Chowdhury, Jobs, Richard A, Rick Doblin, Sundar Pichai Mateusz, Chelsea Jia Feng Google's, shakeup, Sundar Pichai, Pichai, Adam Selipsky's Organizations: Service, Business, Dow, Consumers, Walmart, UPS, FDA, Getty Images, Google, Amazon Locations: Ukraine, East, Silicon

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley discloses $270 million investment in Grayscale Bitcoin ETF: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's episode, Tiago Sada, head of product, engineering, and design at Worldcoin parent company Tools for Humanity, discusses the foundation's new data protection system.

Persons: Morgan Stanley, explainers, Tiago Sada Organizations: CNBC Crypto, CNBC, Humanity

☆ How one rising Miami VC raised more money for his first fund. Other emerging investors haven't been so lucky.
▼ + stars: | 2024-05-16 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +7 min

Evans is the founder of Exceptional Capital, which launched in 2022 among the many emerging VC firms that sprouted during the fundraising boom years. Before pursuing a life in venture capital and tech, Evans hoped to make it to the NFL as a linebacker at the University of Michigan. And then in 2022, Evans decided to launch Exceptional Capital and invest as a solo VC. Exceptional CapitalBecause he's been able to increase the size of his fund, Evans has been able to expand his team. "I could see that for Marell as well, just his work with Exceptional Capital and kind of his determination there."

Persons: —, Marell Evans, Evans, he's, Dave Brandon, Brandon, Ben Horowitz, Andreessen Horowitz, Horowitz, A16z, Okta, Owen Van Natta, Hustling, Melissa Morano Aurigemma, Graham Stoddard, Andrew Van Nest, I've, Cody Coleman, Coleman, what's Organizations: Service, Exceptional, Business, NFL, University of Michigan, NCAA, IBM, Facebook, Vision, SV Angel, A16z, Exceptional Capital Locations: Miami, Michigan, San Francisco, Okta, Silicon Valley, SoftBank, —, Bessemer

☆ Dell to start handing out red flags to staff who don't come to the office enough, and some employees feel 'tracked like kindergarteners'
▼ + stars: | 2024-05-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

Dell started monitoring attendance on May 6 and will make the data visible on each hybrid employee's profile on HR platform Workday this week. Dell's memo states: "As the next step in implementing our Hybrid Work Policy, we will track onsite presence using badge swipes for hybrid-designated team members." The color by their name will be considered for performance evaluations, rewards, and compensation, Dell told employees. Staff who opted to remain remote during the company's overhaul of its hybrid work policy, which was first announced in February, will not be monitored. AdvertisementDell's HQ in Round Rock Texas, where staff attendance will be monitored.

Persons: —, Michael Dell, Dell, Brandon Bell Organizations: Service, Business, Dell, Dell Technologies, Staff, BI, Google, Deutsche Bank Locations: Round Rock

☆ Amazon employee suspected of shooting at Ohio fulfillment center dead: reports
▼ + stars: | 2024-05-13 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

A man suspected of shooting at an Amazon facility in Ohio died after a police standoff, reports say. The suspect, presumed to be an Amazon employee by police, also reportedly shot and injured a police officer. AdvertisementAn Amazon employee suspected of firing a gun at an Amazon facility in Ohio is dead following a standoff with police, per local reports. The suspect, who police said was confirmed to be an Amazon employee, per the press release, fled in a vehicle. The Sunday shooting isn't the first time an Amazon facility has been the location of gun violence.

Persons: —, Per, Brandon Smith, Steve Kelly, WSYX Organizations: Service, West Jefferson Police Department, Sheriff's, West Jefferson Police, Amazon, Business, Madison County Sheriff's Department, ABC, CBS Locations: Ohio, Madison, Columbus, Vacaville , California, Chattanooga , Tennessee, Lakeville , Minnesota, Rock , Arkansas, Chandler , Arizona

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy ether's supply is growing again and what it means for investors: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Julio Moreno, head of research at CryptoQuant, explains why he believes Ethereum's latest upgrade has made ETH inflationary once again.

Persons: explainers, Julio Moreno, Ethereum's Organizations: CNBC Crypto, CNBC

☆ Tony Awards 2024: Print Your Ballot!
▼ + stars: | 2024-05-13 | by ( ) www.nytimes.com time to read: +5 min

Best New Play "Jaja's African Hair Braiding" ☐ "Mary Jane" ☐ "Mother Play" ☐ "Prayer for the French Republic" ☐ "Stereophonic" Best New Musical "Hell's Kitchen" “Illinoise" ☐ "The Outsiders" ☐ "Suffs" "Water for Elephants" Best Play Revival ☐ “Appropriate" ☐ “An Enemy of the People" "Purlie Victorious" Best Musical Revival ☐ "Cabaret" ☐ “Gutenberg! The Musical!" "Merrily We Roll Along" "The Who's Tommy" Best Book of a Musical ☐ Bekah Brunstetter, "The Notebook" Kristoffer Diaz, "Hell's Kitchen" ☐ Rick Elice, "Water for Elephants" ☐ Adam Rapp with Justin Levine, "The Outsiders" ☐ Shaina Taub, "Suffs" Best Leading Actor in a Play ☐ William Jackson Harper, "Uncle Vanya" Leslie Odom Jr., "Purlie Victorious" ☐ Liev Schreiber, "Doubt" Jeremy Strong, "An Enemy of the People" ☐ Michael Stuhlbarg, "Patriots" Best Leading Actress in a Play ☐ Betsy Aidem, "Prayer for the French Republic" 0000 Jessica Lange, "Mother Play" Rachel McAdams, "Mary Jane" Sarah Paulson, "Appropriate" ☐ Amy Ryan, "Doubt" Best Leading Actor in a Musical ☐ Brody Grant, "The Outsiders" ☐ Jonathan Groff, "Merrily We Roll Along" Dorian Harewood, "The Notebook" ☐ Brian d'Arcy James, "Days of Wine and Roses" ☐ Eddie Redmayne, "Cabaret" The New York Times 2024 Tony Awards Ballot Best Leading Actress in a Musical Eden Espinosa, "Lempicka" ☐ Maleah Joi Moon, "Hell's Kitchen" Kelli O'Hara, "Days of Wine and Roses" ☐ Maryann Plunkett, "The Notebook" ☐ Gayle Rankin, "Cabaret" Best Featured Actor in a Play ☐ Will Brill, “Stereophonic" Eli Gelb, "Stereophonic" ☐ Jim Parsons, "Mother Play" Tom Pecinka, "Stereophonic" Corey Stoll, "Appropriate" Best Featured Actor in a Musical ☐ Roger Bart, "Back to the Future" ☐ Joshua Boone, "The Outsiders" ☐ Brandon Victor Dixon, "Hell's Kitchen" ☐ Sky Lakota-Lynch, "The Outsiders" ☐ Daniel Radcliffe, "Merrily We Roll Along" ☐ Steven Skybell, "Cabaret" Best Featured Actress in a Play ☐ Quincy Tyler Bernstine, "Doubt" ☐ Juliana Canfield, ☐ "Stereophonic" Celia Keenan-Bolger, "Mother Play" Best Direction of a Musical ☐ Maria Friedman, ㅁㅁㅁ ㅁ "Merrily We Roll Along" Best Lighting Design of a Musical ☐ Brandon Stirling Baker, "Illinoise" Michael Greif, "Hell's Kitchen" ☐ Isabella Byrd, "Cabaret" Leigh Silverman, "Suffs" ☐ ☐ Jessica Stone, "Water for Elephants" ☐ Danya Taymor, "The Outsiders" Best Scenic Design of a Play Natasha Katz, "Hell's Kitchen" ☐ Bradley King and David Bengali, "Water for Elephants" ☐ Brian MacDevitt and Hana S. Kim, "The Outsiders" Best Sound Design dots, "An Enemy of the People" of a Play ☐ dots, "Appropriate" Derek McLane, "Purlie Victorious" David Zinn, "Jaja's African Hair Braiding" David Zinn, "Stereophonic" Best Scenic Design of a Musical ☐ AMP featuring Tatiana Kahvegian, "The Outsiders" ☐ Robert Brill and Peter Nigrini, "Hell's Kitchen" ☐ Tim Hatley and Finn Ross, "Back to the Future" ☐ Riccardo Hernández and Peter Nigrini, "Lempicka" ☐ Takeshi Kata, "Water for Elephants" David Korins, "Here Lies Love" ☐ Tom Scutt, "Cabaret" Best Costume Design of a Play ☐ Dede Ayite, "Appropriate" ☐ Dede Ayite, "Jaja's African Hair Braiding" ☐ Sarah Pidgeon, "Stereophonic" ☐ Enver Chakartash, ☐ Kara Young, "Purlie Victorious" Best Featured Actress in a Musical ☐ Shoshana Bean, "Hell's Kitchen" ☐ Amber Iman, "Lempicka" Nikki M. James, "Suffs" ☐ ☐ Leslie Rodriguez Kritzer, "Spamalot" Kecia Lewis, "Hell's Kitchen" ☐ Lindsay Mendez, "Merrily We Roll Along" ☐ Bebe Neuwirth, "Cabaret" Best Direction of a Play Daniel Aukin, "Stereophonic" ☐ Anne Kauffman, "Mary Jane" Kenny Leon, "Purlie Victorious" Lila Neugebauer, "Appropriate" Whitney White, ☐ ☐ ☐ ☐ ☐ "Jaja's African Hair Braiding" ☐ ☐ "Stereophonic" ☐ Justin Ellington and Stefania Bulbarella, "Jaja's African Hair Braiding" ☐ Leah Gelpe, "Mary Jane" ☐ Tom Gibbons, "Grey House" ☐ Bray Poor and Will Pickens, "Appropriate" ☐ Ryan Rumery, "Stereophonic" Best Sound Design of a Musical ☐ M.L. Dogg and Cody Spencer, "Here Lies Love" Kai Harada, "Merrily We Roll Along" ☐ Nick Lidster, "Cabaret" ☐ Gareth Owen, "Hell's Kitchen" ☐ Cody Spencer, "The Outsiders" Best Original Score Will Butler, "Stereophonic" ☐ Adam Guettel, "Days of Wine and Roses" ☐ Jamestown Revival and Justin Levine, "The Outsiders" ☐ David Byrne and Fatboy Slim, "Here Lies Love" ☐ Shaina Taub, "Suffs" Emilio Sosa, "Purlie Victorious" Best Choreography David Zinn, "An Enemy of the People" Best Costume Design of a Musical ☐ Dede Ayite, "Hell's Kitchen" ☐ Linda Cho, "The Great Gatsby" ☐ David Israel Reynoso, "Water for Elephants" Tom Scutt, "Cabaret" ☐ Paul Tazewell, "Suffs" Best Lighting Design of a Play ☐ Isabella Byrd, "An Enemy of the People" ☐ Amith Chandrashaker, "Prayer for the French Republic" Jiyoun Chang, “Stereophonic" Jane Cox, "Appropriate" ☐ Natasha Katz, "Grey House" ☐ Camille A. Brown, "Hell's Kitchen" ☐ Shana Carroll and Jesse Robb, "Water for Elephants" ☐ Rick and Jeff Kuperman, "The Outsiders" ☐ Annie-B Parson, "Here Lies Love" Justin Peck, "Illinoise" Best Orchestrations ☐ Timo Andres, "Illi

Persons: Mary Jane, Tommy, Bekah, Kristoffer Diaz, Rick Elice, ☐ Adam Rapp, Justin Levine, ☐ Shaina Taub, William Jackson Harper, Uncle Vanya, Leslie Odom Jr, ☐ Liev Schreiber, Jeremy Strong, Michael Stuhlbarg, Betsy Aidem, Jessica Lange, Rachel McAdams, Sarah Paulson, Amy Ryan, Brody Grant, Jonathan Groff, Dorian Harewood, Brian d'Arcy James, Eddie Redmayne, Eden Espinosa, Maleah Joi Moon, Kelli O'Hara, ☐ Maryann Plunkett, ☐ Gayle Rankin, Will Brill, Eli Gelb, Jim Parsons, Tom Pecinka, Corey Stoll, Roger Bart, Joshua Boone, ☐ Brandon Victor Dixon, Lynch, ☐ Daniel Radcliffe, Steven Skybell, Quincy Tyler Bernstine, Juliana Canfield, Celia Keenan, Bolger, Maria Friedman, ㅁㅁㅁ, Brandon Stirling Baker, Michael Greif, Isabella Byrd, Leigh Silverman, Jessica Stone, Natasha Katz, ☐ Bradley King, David Bengali, Brian MacDevitt, Hana S, Kim, Derek McLane, David Zinn, Tatiana Kahvegian, ☐ Robert Brill, Peter Nigrini, Tim Hatley, Finn Ross, Riccardo Hernández, Takeshi Kata, David Korins, Tom Scutt, Dede Ayite, Sarah Pidgeon, Enver Chakartash, ☐ Kara Young, Shoshana Bean, Amber Iman, Nikki M, James, ☐ Leslie Rodriguez Kritzer, Kecia Lewis, ☐ Lindsay Mendez, Bebe Neuwirth, Daniel Aukin, Anne Kauffman, Kenny Leon, Lila Neugebauer, White, Justin Ellington, Stefania Bulbarella, Leah Gelpe, ☐ Tom Gibbons, ☐ Bray, Will Pickens, Ryan Rumery, Cody Spencer, Kai Harada, Nick Lidster, ☐ Gareth Owen, ☐ Cody Spencer, Will Butler, Adam Guettel, ☐ David Byrne, Fatboy Slim, Shaina Taub, Emilio Sosa, Linda Cho, ☐ David Israel Reynoso, ☐ Paul Tazewell, Jiyoun Chang, Jane Cox, Camille A . Brown, ☐ Shana Carroll, Jesse Robb, Rick, Jeff Kuperman, Annie, Parson, Justin Peck, ☐ Timo Andres, Tom Kitt, Adam Blackstone, Justin Craig, Matt Hinkley, Jonathan Tunick Organizations: Patriots, New York Times, Lakota, ☐ Bray Poor Locations: Republic, Jamestown

☆ Parent of CycleBar, Pure Barre fitness studios sees shares whipsaw after CEO ousted, federal probe disclosed
▼ + stars: | 2024-05-13 | by ( Brandon Gomez | ) www.cnbc.com time to read: +1 min

Shares of Xponential Fitness , the parent company of CycleBar and Pure Barre fitness studios, bounced around in trading Monday after the company announced late Friday that CEO Anthony Geisler would be suspended indefinitely and would become an inactive member of the board. Xponential Fitness, which owns more than 3,000 boutique fitness and wellness studios globally, also said it received notice last week of a probe by the U.S. Attorney's Office for the Central District of California. Piper Sandler maintains a hold rating on Xponential Fitness stock, but lowered its price target to $9 from $12. Xponential Fitness' leadership had previously disclosed an SEC investigation in December, which alleged that the company provided false and/or misleading information to investors, including unit volume metrics and franchise closures. "The Company intends to continue cooperating with the SEC and intends to cooperate with the USAO," Xponential Fitness said in a press release announcing the executive changes.

Persons: Anthony Geisler, Brenda Morris, Korinne Wolfmeyer, Piper Sandler Organizations: U.S, Attorney's, Central, Central District of, SEC, Fitness Locations: CycleBar, Barre, Central District, Central District of California

☆ From Mike Tyson-Jake Paul fight to NFL games, Netflix interest in live sports is rising
▼ + stars: | 2024-05-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +7 min

The company has also leaned into live comedy shows, broadcasting a slew of events including the recent roast of Tom Brady. But on its most recent earnings call in April, co-CEO Ted Sarandos said Netflix isn't "anti-sports, but pro-profitable growth." Conway teaches courses about sports leadership and management, and he spent much of his career as a marketing executive for two Major League Baseball teams. Over the past few years, Apple has bought the rights to air Major League Baseball and Major League Soccer games. CNBC reported last year that Netflix, as well as Amazon, Apple, Comcast's NBCUniversal/Peacock, had expressed potential interest in a contract.

Persons: Rafael Nadal, Tom Brady, Sarandos, Ted Sarandos, Mike Tyson, Jake Paul, Marty Conway, Conway, Needham, Laura Martin, Martin, Brandon Katz, Katz, NBCUniversal, Peacock, William Mao, Octagon, Tyson, Paul, Mao Organizations: Netflix, WWE, Georgetown University, Major League Baseball, Apple, Disney, Warner Bros . Discovery, Fox, Warner Bros, Major League Soccer, National Football League, National Basketball Association, CNBC, NFL, NBA, Comcast

☆ Goldman Sachs and American Express are among the leading companies for working parents in 2024, new study shows
▼ + stars: | 2024-05-10 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

With no federal oversight of workplace benefits like paid leave and caregiving policies, corporate leaders are being asked to take the lead. Goldman Sachs , American Express , Deckers Outdoor, S&P Global and Splunk are the top companies for parents in 2024, according to Just Capital's research. The "indirect costs" are the loss of productivity during an employee's leave, temporary replacement and cost of administering a paid leave program. "Paid parental leave is an expensive proposition," said Yvette Lee, an HR knowledge advisor at SHRM. Lee said the investment in paid parental leave and similar policies may make sense in the long run.

Persons: Alison, it's, Goldman Sachs, Lauren, Mario Washington, SHRM, Yvette Lee, Lee Organizations: Just Capital, CNBC, American Express, P, P Global, Society for Human Resource Management Locations: SHRM

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto miner CleanSpark expands with acquisition of two Wyoming locations: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Zachary Bradford, CEO of CleanSpark, discusses the company's earnings and plans to expand in Wyoming.

Persons: CleanSpark, explainers, Zachary Bradford Organizations: CNBC Crypto, CNBC Locations: Wyoming

The bank's price target implies more than 35% upside. Citi also increased its price target to $47 per share from $38, which implies more than 30% upside from Thursday's $36.06 close. The firm upgraded shares of the drive-through coffee company to buy from hold and raised its target price to $46 per share from $33. Dutch Bros stock has ticked up roughly 4% in 2024, lagging the broader market. The firm upgraded the conglomerate to buy and raises its price target to $115 per share from $91.13.

Persons: abate, Jon Tower, Brian Evans, TD Cowen, Cowen, Andrew M, Charles said, — Brian Evans, Chris O'Cull, Wesley Brooks, Brooks, Brandon Nispel, Nispel, Fred Imbert Organizations: CNBC, Warner Bros, Discovery, HSBC, Citi, Cheesecake, Bros, MMM

☆ Planet Fitness is raising prices even as it warns customers are growing cost-conscious
▼ + stars: | 2024-05-09 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

Planet Fitness said it's hiking its base-level membership prices for new customers for the first time since 1998, even as the gym operator warns that customers are growing increasingly cost-conscious. Current members will continue to pay $10 per month "for the duration of their membership," Planet Fitness said Thursday alongside its quarterly earnings report. Planet Fitness also said it will start testing higher prices for its top-tier membership, known as the Black Card, this summer. Life Time members tend to be older, more affluent gymgoers, whereas Planet Fitness appeals to a younger, more budget-conscious consumer. The Street is bullish on a company turnaround from Planet Fitness' incoming CEO, Colleen Keating, who assumes the role on June 10.

Persons: Tom Fitzgerald, Craig Benson, Benson, Piper Sandler, Korinne Wolfmeyer, Colleen Keating Organizations: Time Holdings, White, Fitness

Connected fitness company Hydrow, which Peloton once tried to buy, is growing sales and has acquired a majority stake in strength training company Speede Fitness as gymgoers move away from cardio exercises in favor of weights, the company told CNBC on Thursday. It said it acquired Speede Fitness so it can expand into strength training, one of the fastest-growing segments in fitness today. Hydrow's acquisition and sales growth come as Peloton, which is credited with creating the connected fitness market, struggles to turn around a slowing business. Hydrow's delivered unit sales for its connected rowing machine jumped 23% this year from the year-ago period. Peloton debuted its rowing machine, the Peloton Row, in September 2022, but has done little to advertise or highlight the $3,000 machine.

Persons: Hydrow, Bruce Smith, John Stellato, Smith, Travis Kelce, Justin Timberlake, Thomas Fitzgerald, Hydrow's Organizations: CNBC, Kansas City Chiefs

☆ New York Public Schools chancellor scolds Republicans for ‘gotcha’ antisemitism hearing, saying district disciplined staff
▼ + stars: | 2024-05-08 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

The department is also investigating whether the Berkeley district retaliated against two parents who complained about harassment based on Jewish ancestry. CNN has reached out to the school district for a comment. However, that list does not currently include the Berkeley school district. “However, antisemitism is not pervasive in the Berkeley Unified School District,” she said. Ford Morthel noted that the district does not share actions the school district takes against students or teachers because this information is protected under federal and state law.

Persons: David Banks, ” Banks, Banks, ”, Columbia’s, “, George Washington, Muriel Bowser, Pam Smith, Elise Stefanik tussled, Stefanik, ” Stefanik, Brandon Williams, ” Williams, …, ” Enikia Ford Morthel, ” Ford Morthel, Ford Morthel Organizations: CNN, New, New York City Public Schools, Jewish, “, Secondary, York City Public Schools, New York City Police Department, Ivy League, Harvard University, University of Pennsylvania, Republicans, George Washington University’s, Washington, DC Metropolitan Police, Queens, Hillcrest High School, New York Republican, ” New York Republican, Jews High School, High School, US Department of Education, Berkeley Unified School District, Defamation League, Brandeis Center, Civil Rights, Brandeis Locations: New York, York, New York City, Berkeley , California, Montgomery County , Maryland, Queens, Israel, Hillcrest, New, Brooklyn, Berkeley, California, ”

☆ Macklemore criticizes Biden in new song supporting pro-Palestinian student protests
▼ + stars: | 2024-05-08 | by ( Scottie Andrew | ) edition.cnn.com time to read: +17 min

Across the US, pro-Palestinian protesters have been occupying lawns and buildings on campuses, and many are requesting that their universities divest from Israel. Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Macklemore, Joe Biden, ” Macklemore, Donald Trump, Columbia’s Hamilton, Hind Rajab, Hind, who’ve, ”, He’s, Biden, Jon Batiste, Selena Gomez, Annie Lennox, “, Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Seattle concertgoers, Seth Rogen Organizations: CNN, Columbia University, Biden, University of California, University of Arizona, Dua Lipa, Scottish, United Nations Relief, Works Agency for Palestine Refugees, Hamas, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, Getty, The George Washington University, Israel, AFP, Police, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Seattle, Trump Locations: Gaza, Israel, University of California Los Angeles, Palestine, Dua, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, AFP, The City College of New York, Columbia, Columbia's, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Washington

☆ Demonstrators Seize on Israeli Moves in Rafah to Rally Support
▼ + stars: | 2024-05-07 | by ( Yan Zhuang | ) www.nytimes.com time to read: +5 min

When tents went up amid the Gothic architecture on the University of Chicago’s quad on April 29, administrators initially took a permissive view. But that changed on Friday when negotiations between protesters and university leaders stalled, and the university’s president, Paul Alivisatos, wrote a letter saying demonstrators had violated policies and engaged in vandalism. “The encampment has created systematic disruption of campus,” said Dr. Alivisatos, a chemist who became president of the university in 2021. As part of its free speech philosophy, the university also put forward the principle of institutional neutrality. But the statement also describes clear limits, including a right to prohibit illegal activities and speech “that constitutes a genuine threat or harassment.”

Persons: Paul Alivisatos, ” “, ”, Alivisatos, “, counterprotesters, Brandon Johnson Organizations: University of Chicago, University of, Chicago, “, ” Locations: Chicago, Palestine

☆ Ahead of retail earnings, here's what we know about the consumer so far
▼ + stars: | 2024-05-07 | by ( Robert Hum | ) www.cnbc.com time to read: +5 min

There are signs that the U.S. consumer is still spending, especially on experiences. But stubbornly high prices are squeezing consumers with lower incomes, pressuring everyday purchases and corporate profits. Broadly speaking, credit card companies like American Express, Visa and MasterCard have described spending trends as "relatively strong," "relatively stable," and even "healthy." Priceline parent Booking Holdings told analysts there are no signs consumers are taking shorter vacations or trading down in their hotel choices. McDonald's added that "the consumer is certainly being very discriminating in how they spend their dollar."

Persons: Brandon Bell, Morgan Stanley's Michael Wilson, Morgan Stanley, Mike Stocker, Stanley Black, Decker, —, Anton Pinsky, Beata Zawrzel, Laxman Narasimhan, Shack, Domino's, Pavlo Gonchar Organizations: Getty, Home Depot, Walmart, American Express, Visa, MasterCard, PayPal, Booking Holdings, Las, Port, Tribune, Service, Consumers, Whirlpool, Corp, Starbucks Corp, Nurphoto, Lightrocket Locations: Austin , Texas, U.S, Las Vegas, Port of Miami, Krakow, Poland, Russia, Ukraine

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