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☆ One of the world's largest bitcoin miners will shut off thousands of mining rigs tied to bankrupt Celsius as part of the firms' bankruptcy proceedings
▼ + stars: | 2023-01-04 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Core Scientific will shut down thousands of bitcoin mining rigs tied to Celsius. Core Scientific says the mining rigs are costing the firm $2 million in revenue per month, per court filings. Celsius claims that Core Scientific increased its power rate, which wasn't stipulated in the two embattled companies' initial agreement. Core Scientific followed suit and filed for bankruptcy in December, as miners became pinched by a decline in bitcoin prices and higher energy costs. Core Scientific and Celsius did not immediately respond to Insider's request for comment.

The exact contours of the Democrats' majority is in flux after Senator Kyrsten Sinema switched her party affiliation from Democrat to independent. But either she caucuses with Democrats and gives the party a 51-49 majority or she does not, leaving Democrats with a 50-49 edge. But in a 50-50 Senate where Democrats and Republicans had an even number of seats on the Senate Judiciary Committee, several civil rights lawyers and nominees supported by progressive advocates stalled with deadlocked votes. And in a 50-50 Senate, occasionally Vice President Kamala Harris was needed to cast a tie-breaking vote. Assuming they are renominated, their path to confirmation could be smoothed, as the Judiciary Committee under Durbin's leadership will now have a majority of Democrats.

☆ Does Anyone Want to Come to My Book Signing? Please!
▼ + stars: | 2023-01-02 | by ( Chris Kornelis | ) www.wsj.com time to read: 1 min

Years after she started writing her debut novel, Chelsea Banning settled into Pretty Good Books in Ashtabula, Ohio, on a Saturday in early December for her first author signing. She waited with neatly stacked paperback copies of her book, “Of Crowns and Legends”—which she calls a King Arthur reimagining that takes place 20 years after his death. She had props, including a crown, a little statue of a knight kneeling and holding a pen, and pictures of friends dressed as her characters, in medieval garb.

☆ NHL roundup: Hurricanes top Devils in shootout, extend historic run
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +4 min

Antti Raanta made 24 saves before stopping all three Devils attempts in the shootout. Jesper Bratt scored twice, and Jack Hughes and captain Nico Hischier added a goal apiece for the Devils, who are 2-7-2 in their last 11 games overall. Tim Stutzle scored twice, and Claude Giroux had two assists for the Senators, who won for the third time in their past four games. Zemgus Girgensons scored for the Sabres, who had their six-game winning streak snapped. Mathew Barzal scored for the Islanders, who had a three-game winning streak snapped.

☆ Aerospace and defense stocks took flight in 2022. What analysts expect for the sector in 2023
▼ + stars: | 2023-01-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Aerospace and defense stocks took off in 2022, outperforming the S & P 500 as a selloff trend pummeled growth and technology names. Through 2022, the aerospace and defense sub-industry within the S & P 500 rose 15.5%, while the broader index tumbled 19.4%. Here are some of the best-performing aerospace and defense stocks of 2022 and what the outlook looks like in the new year. The top-performing defense stock in the fourth quarter was Boeing , with shares up more than 57%. Raytheon Technologies rose more than 17% in 2022, and analysts are optimistic about the stock in 2023.

Ali Alexander said he believed White House wanted him to lead rallygoers to Capitol "Stop The Steal" organizer Ali Alexander believed the White House wanted him to lead attendees of Trump's Jan. 6 rally to the Capitol, the report said. Alex Jones, who has claimed the White House told him to lead the march, texted Wren at 12:27 p.m. Finally one of the staffers told Trump they thought he should focus on his speech. Trump told Jan. 6 demonstrators at the Capitol in a Twitter video that he loved them but that they should go home. The information was expected to be available as soon as Thursday — the day the House Jan. 6 committee is set to issue its final report on the riot.

☆ Kayleigh McEnany tried to 'actively avoid' Trump after the election because he wanted her to talk about Dominion from the White House podium, ex-aide testified
▼ + stars: | 2022-12-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Sarah Matthews testified the White House press secretary Kayleigh McEnany was avoiding Trump after the election. McEnany was concerned about violating the Hatch Act from the White House podium, Matthews said. The aide, Sarah Matthews, was serving as the White House deputy press secretary at the time of the 2020 election. McEnany was serving as both the White House press secretary and Trump's campaign spokesperson at the time. The transcript of Matthews' testimony was released by the January 6 committee on Thursday, along with the testimony of Chris Krebs, Mark Esper, and others.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Imax, Netflix, Robinhood, Amazon & more
▼ + stars: | 2022-12-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI initiates American Express Global Business Travel Group as outperform Evercore initiated the corporate travel business company with an outperform rating and said it's a beneficiary of corporate travel recovery. AmEx GBT is the leading business to business travel management platform, providing software and services to manage travel, expenses, and events for corporate travel." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees a "buying opportunity" for shares of Tesla. Piper Sandler reiterates Tesla as overweight Piper said Tesla could become a key ESG holding. Morgan Stanley reiterates Wells Fargo as overweight Morgan Stanley said the banking giant is a top beneficiary of rate increases. "

☆ The man behind Trump World’s myth of rigged voting machines
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +32 min

He publicly announced his purchase of Montgomery’s data in August at a gathering in Missouri of hundreds of his followers. “I own it,” Lindell said of Montgomery’s data, touting it as irrefutable proof Trump was cheated. On Nov. 9, far-right podcaster Joe Oltmann linked Montgomery’s Hammer and Scorecard claims to a parallel conspiracy theory: that widely used voting machines manufactured by Dominion Voting Systems were rigged to flip votes from Trump to Biden. Powell amended her complaint a few days later and dropped the expert’s declaration and the references to Montgomery’s claims. But the government said in a recent court filing that the order has nothing to do with election data.

☆ A top McDonald's security exec said the CEO repeatedly undermined him — and even barred him from riding with him on the corporate jet — in a new racial-discrimination lawsuit
▼ + stars: | 2022-12-20 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

Michael Peaster, a Black McDonald's security executive, is suing the chain and its CEO. Yet according to a racial-discrimination lawsuit that Peaster filed this month, the CEO ignored the 35-year McDonald's veteran for the better part of a year. "It was retaliatory against Michael Peaster based on his respectful but legitimate contradiction of Kempczinski on the subject of race." A representative for Peaster told Insider via email: "Michael Peaster had the same job since 2010. In January 2020, two Black McDonald's executives, Vicki Guster-Hines and Domineca Neal, filed a discrimination lawsuit against McDonald's.

☆ L3Harris Technologies CEO on how the acquisition of Aerojet Rocketdyne will benefit everyone
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailL3Harris Technologies CEO on how the acquisition of Aerojet Rocketdyne will benefit everyoneChris Kubasik, L3Harris technologies chair and CEO, joins 'Squawk on the Street' to discuss L3Harris's bid to merge with Aerojet Rocketdyne in a $4.7 billion deal, the defense competition justification for the deal's Federal Government review, and L3Harris's thoughts on regulatory and inflationary headwinds.

☆ Among the Best-Managed Companies of 2022, Some Warning Signs
▼ + stars: | 2022-12-11 | by ( Chris Kornelis | ) www.wsj.com time to read: 1 min

Some of the companies in this year’s ranking of the 250 best-managed companies have a weak spot that may be worth paying attention to. When the Drucker Institute compiles the ranking, it gives companies a red flag if they put up a showing below the 25th percentile in one Gap stores have hit the company’s balance sheet,of five categories: financial strength, customer satisfaction, innovation, social responsibility, and employee engagement and development. The red flags serve as a warning that a company—even one that scores highly in every other aspect of the ranking—needs to address an area of weakness before it has a broader effect on its business.

☆ Justice Department demanding Trump team attest all documents marked classified have been returned
▼ + stars: | 2022-12-09 | by ( Sara Murray Gaborr | Sara Murray | ) edition.cnn.com time to read: +2 min

CNN —The Justice Department is still demanding the Trump team designate a custodian of records to attest that all documents marked classified have been returned to the government, a source familiar with the matter tells CNN. The Trump team has not named anyone to serve as a custodian of records in part because anyone selected would almost certainly face legal jeopardy, according to the source. Trump’s attorneys have already outlined to the Justice Department which properties it has searched, how the searches were conducted and what was found. The Justice Department has also raised concerns that not enough detail has been provided about how searches were conducted at certain Trump properties, particularly Bedminster. CNN previously reported the Justice Department is asking the judge to hold Trump in contempt of court for failing to comply with a subpoena issued this summer ordering the former president to turn over records marked classified.

Dec 6 (Reuters) - E-cigarette maker Juul Labs on Tuesday said it has reached settlements with about 10,000 plaintiffs covering more than 5,000 cases in California. Juul did not disclose the settlement amount as part of the settlement and court process in the federal multidistrict litigation and related JUUL Labs Product Cases. The company has obtained equity investment to fund it, a spokeperson told Reuters in a statement. But following an appeal, the health regulator put the ban on hold and agreed to an additional review of Juul's marketing application. Reporting by Juby Babu and Chris Kirkham; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ McDonald's hopes deals like 50-cent double cheeseburgers beef up sales on its mobile app
▼ + stars: | 2022-12-07 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Last holiday season, McDonald's leaned on singer Mariah Carey's starpower and discounts to drive customers to their mobile app. The chain is also offering exclusive access to branded merch releases and deals on food, like a 50-cent double cheeseburger. The three-week-long promotion, which began Monday, is part of the company's broader digital strategy to drive traffic to its mobile app through seasonal promotions and create recurring revenue without sacrificing profitability. In recent years, restaurant companies have turned to loyalty programs to drive downloads of their mobile app and convince customers to keep coming back. For comparison, Starbucks , which has had a loyalty program for more than a decade, reported 28.7 million active U.S. members during its latest quarter.

☆ NHL roundup: Kasperi Kapanen's hat trick sends Pens past Blues
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +9 min

Oskar Sundqvist scored the only goal of the game for Detroit, which lost its third straight game. Toronto's Mitch Marner scored twice to set a club record with 19th straight games with a point. Bruins 5, Avalanche 1David Pastrnak and Trent Frederic each scored twice as the host Bruins cruised past the Avalanche. Tomas Hertl scored twice for the Sharks, who have lost five of six (1-4-1). Panthers 5, Kraken 1Carter Verhaeghe scored twice and Sam Bennett had three assists as Florida defeated host Seattle, ending the Kraken's franchise-record seven-game winning streak.

☆ McDonald's CEO takes a 'saucy' bite of the messy McRib during a video review of iconic sandwich before it leaves the menu for good
▼ + stars: | 2022-11-30 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

McDonald's brought back the McRib nationally for a farewell tour on October 31. Today, CEO Chris Kempczinski hinted it was exiting the menu soon during a video review of the item. It was his mother's favorite McDonald's item. To mark the sandwich's purported final exit, McDonald's CEO Chris Kempczinski released a video review Wednesday of his mother's favorite McDonald's menu item. McDonald's did not return an immediate request for comment when asked if the McRib would leave menus for good this year.

☆ McDonald's CEO takes a "saucy" bite of the messy McRib during a video review of iconic sandwich before it leaves the menu for good
▼ + stars: | 2022-11-30 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

☆ Chick-fil-A is selling merchandise for the first time ever
▼ + stars: | 2022-11-30 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —If your holiday wish list includes a Chick-fil-A sauce-themed blanket or a chicken nugget pillow, look no further. The chicken chain has launched its first-ever online store, and it’s filled with quirky merchandise that pays homage to cult-favorite items. Chick-fil-A said it expects the products, which range from $15 to $75, to “sell out quickly” — and the chain is already planning for more merchandise next year. Chick-fil-A is selling merchandise for the first-time ever. “Our studies show that one-third of consumers in the 18-44 age range are likely to buy products from collaborations,” Jensen told CNN Business earlier this year.

☆ Chicken prices are finally falling and it's triggering a resurgence of fast-food chicken sandwich wars
▼ + stars: | 2022-11-29 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

Executives at Burger King and McDonald's praised sales growth driven by chicken menu items. On November 15, Popeyes released its new Blackened Chicken Sandwich, which is not breaded and is seasoned with Cajun and Creole spices. The sandwich chain is explicitly promoting the new sandwich as "reigniting the chicken sandwich wars," which started with the 2019 release of the Popeyes spicy chicken sandwich. The chain further took advantage of reduced chicken prices with a BOGO chicken sandwich deal over Black Friday weekend. Chicken, including the spicy chicken sandwich and McNuggets, has been a "strong growth driver" for McDonald's, CEO Chris Kempczinski told investors in October.

☆ Here's the pitch deck that dating app IRLY, cofounded by internet star Cameron Dallas, used to raise its pre-seed round
▼ + stars: | 2022-11-29 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

The video-dating app IRLY just brought on the Vine superstar Cameron Dallas as a cofounder. The company also announced a pre-seed funding round of 475,000 Canadian dollars. IRLY shared the pitch deck it used to raise the round. Shortly after, Dallas got in touch with the founders of IRLY — the Canada-based university students Connor Rose and Laura Rollock — on LinkedIn. IRLY had raised its pre-seed round before getting in touch with Dallas, at the start of 2022.

Nov 22 (Reuters) - As the crypto castle crumbles, some true believers say the answer is to double down on DEX. Decentralized exchanges, that is. "It is now clear that there can be risk associated with holding assets in a centralized entity," said Varun Kumar, CEO of decentralized crypto exchange Hashflow. "Data is showing that users are turning to decentralized trading solutions." Many market participants see both centralized and decentralized exchanges coexisting.

☆ 'Red flag' gun laws in focus after attack at Colorado LGBTQ nightclub
▼ + stars: | 2022-11-21 | by ( Joseph Ax | ) www.reuters.com time to read: +6 min

Authorities do not appear to have filed a petition seeking to confiscate any weapons Aldrich may have had at the time under the state's red flag law. RED FLAG OPPOSITIONThe disparity partly reflects deep opposition to red flag laws among some of Colorado's conservative sheriffs and local political officials. While El Paso Sheriff Bill Elder has voiced skepticism about "sanctuary" declarations, he opposed the red flag law over due process concerns, according to local media reports in 2019. The National Rifle Association opposes red flag laws as unconstitutional infringements on law-abiding citizens. Studies on the effectiveness of red flag laws are limited but suggest they can make a real difference.

☆ Elon Musk is 'outside his depth' at Twitter and his 'bullying management culture' won't fix it, early SpaceX investor says
▼ + stars: | 2022-11-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Early SpaceX investor Chris Kelly said Elon Musk's "bullying management culture" won't work at Twitter. Kelly said on Saturday that Musk is "outside his depth" at Twitter and his actions don't "bode well." Since buying Twitter, Musk has laid of half of its workforce and issued an ultimatum to remaining staff. Kelly said he's "mostly an Elon fan," but added he was "surprised" by Musk's recent actions at Twitter. "The massive cutbacks and chainsaw that Elon Musk has taken to the company does not bode well for its future."

☆ Fast-food chains like Taco Bell, McDonald's, and Chipotle keep introducing more expensive menu items — customers are eating it up
▼ + stars: | 2022-11-18 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

Executives at Taco Bell, McDonald's, and Chipotle each noted success from pricier menu items recently. The more expensive meal promotion successfully brought customers in, and "drove the highest weekly digital transactions ever in the US business," Kempczinski said in the October earnings call. Taco Bell is seeing similar success with pricier menu items like the grilled cheese burrito, YUM Brands CEO David Gibbs said in a November earnings call. In New York City, a Mexican Pizza costs $6.49, and a double steak grilled cheese burrito goes for $6.79, about double the cost of lower-priced burritos on the menu. Analysts have praised both the grilled cheese burrito and adult Happy Meal as smart strategies driving sales.

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