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☆ Think the CDK outage is just about cars and dealerships? Think again
▼ + stars: | 2024-06-26 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

Last month there were $122 billion of transactions at car dealerships, according to Commerce Department estimates. That accounts for 17% of all retail sales in May. An outage lasting through June 30 would mean 10 days without dealership access to CDK. Now here’s where it gets even more glaring: Retail sales aren’t just some minor part of the economy. Consider yourself warned: You may want to hold off on looking at your 401(k) on July 25, when the government releases second-quarter GDP estimates.

Persons: Ramishah Maruf, Peter Valdes, CDK, Russell Price, ” Price Organizations: New, New York CNN, North America, Commerce Department, Ameriprise, CNN Locations: New York

☆ With a MAGA win and a Squad loss, the political middle moves
▼ + stars: | 2024-06-26 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

So it would be an oversimplification to say that Republicans moved more MAGA and Democrats moved more moderate based on these two unrelated races. Former President Donald Trump personifies MAGA, and a large part of the Make America Great Again ethos he pushes is loyalty to him. That primary voters did not hold the spending against Latimer, as progressives argued they should, also reminds me that voters (especially Democrats) in presidential cycles tend to be cautious. Utah went its own wayWhile Boebert’s victory provides a foil for Bowman’s loss, it was far from a perfect night for more MAGA Republicans. It’s a shame that primary voters are becoming the de facto general election voters in states and districts that lean heavily to one side or the other, according to former Indiana Gov.

Persons: Lauren Boebert, MAGA, Jamaal Bowman, Donald Trump personifies MAGA, Joe Biden, Biden, Bowman, Boebert, Ken Buck, Trump, Israel, CNN’s Gregory Krieg, George, Latimer, that’s, You’ll, Dave Williams, Jeff Crank, Sen, Mitt Romney, John Curtis, Curtis, Spencer Cox, Cox, Mitch Daniels, trifecta, Daniels Organizations: CNN, Republican, Democratic, Republicans, vaping, Rep, Israel Jewish voters, Trump’s, Westchester, AIPAC, American Israel Public Affairs Committee, Fox News, MAGA Republicans, GOP, Trump, GOP Senate, Gov, Associated Press, Indiana Gov, The Washington Post Locations: Colorado, Bronx, Westchester County, New York, Gaza, Israel, Westchester, Utah, The

☆ Emma Roberts says people who call out nepo babies don't see 'all the rejection along the way'
▼ + stars: | 2024-06-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

Read previewEmma Roberts says even Hollywood's nepo babies don't always have an easy path to stardom. On an episode of the "Table for Two" podcast released on June 25, Roberts spoke to host Bruce Bozzi about the public perception of nepo babies, or "nepotism babies." During the podcast episode, Roberts said it's not always true that nepo babies get everything handed to them on a silver platter. Many nepo babies and even their parents — particularly those in Hollywood — have pushed back against the title and its accompanying critiques. AdvertisementIn December, Meg Ryan defended her son , actor Jack Quaid, against "nepo baby" claims during an interview with Glamour.

Persons: —, Emma Roberts, Roberts, Bruce Bozzi, you'll, Julia Roberts, Eric Roberts, Johnny Depp's, it's, George Clooney, Clooney's, Nick Clooney, Rosemary Clooney, Meg Ryan, Jack Quaid, Lily Allen, Allen, Alfie Allen, Keith Allen, Bernard Arnault, Mukesh Ambani, Tim Draper's, Draper, Gaither, Anderson Organizations: Service, Business, Nickelodeon, New York Magazine, Reliance Industries, Valley's, Applied, Business Insider Locations: Hollywood, British

☆ Michael Phelps rips World Anti-Doping Agency for inconsistent enforcement of rules: ‘We need to hold them accountable’
▼ + stars: | 2024-06-25 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +10 min

Washington CNN —Legendary Olympian Michael Phelps on Tuesday ripped the World Anti-Doping Agency and described an inconsistent application of anti-doping rules that is driving frustration among clean athletes and concerns over the future of fair competition. US Anti-Doping Agency CEO Travis Tygart also testified. Why were Chinese athletes treated differently than athletes from other countries? Three years later, news surfaced that some Chinese athletes on that team were not subjected to the same anti-doping rules, casting doubt on the fairness of the competition. Former Olympians Michael Phelps, left, and Allison Schmitt, right, and US Anti-Doping Agency CEO Travis Tygart testify on Capitol Hill on June 25, 2024.

Persons: Michael Phelps, Phelps, Allison Schmitt, ” Phelps, WADA, ”, “, Schmitt, ” WADA, Travis Tygart, Tygart, CHINADA, Trimetazidine, Witold Bańka, …, Bańka, “ WADA, ” Bańka, Morgan Griffith, Virginia –, Griffith, they’re, Kathy Castor of, ” Tygart, WADA Schmitt, Jim Watson, CNN’s Amy Woodyatt, George Ramsay, Haley Talbot Organizations: Washington CNN, Doping Agency, House Energy, The New York Times, ARD, Department of Justice, International Olympic Committee, Tokyo Games, CHINADA, Olympic Games, ”, WADA Lawmakers, Republican, Democrat, People’s, Getty, month’s Locations: Russia, China, trimetazidine, U.S, Paris, Kathy Castor of Florida, People’s Republic of China, AFP

☆ Right-wing media figures are desperately pushing conspiracy theories about Biden ahead of the debate
▼ + stars: | 2024-06-25 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Donald Trump’s allies in right-wing media have a problem ahead of CNN’s presidential debate: They’ve set the bar too low for President Joe Biden. That might sound like an exaggeration to those who don’t tune in to Fox News or listen to talk radio, but it has been a real and constant theme in the right-wing media universe. That’s a worry for right-wing media figures, which risk seeing their bogus narrative about Biden being ripped up in real time. One such claim boosted by Trump’s media allies is the conspiracy theory — which lacks any evidence — that the president will be on performance-enhancing supplements or drugs during the debate. While it is an absurd accusation, it is one MAGA Media is gleefully pushing, even attempting to do so on CNN’s own air.

Persons: CNN — Donald Trump’s, They’ve, Joe Biden, MAGA, Biden, That’s, Megyn Kelly, ” Kelly, Barack Obama’s, Trump, “, ” Trump, Jesse Watters, ”, Biden “, Sean Hannity, Jake Tapper, Dana Bash, Tapper, Kasie Hunt, Karoline Leavitt, Leavitt, Hunt, ” Hunt Organizations: CNN, MAGA Media, Fox News, Trump, Democratic Locations: Washington

☆ How the Panthers avoided historic collapse to win their first Stanley Cup with 2-1 Game 7 win: 5 takeaways
▼ + stars: | 2024-06-24 | by ( Michael Russo | Daniel Nugent-Bowman | ) www.nytimes.com time to read: +8 min

The Panthers were also trying to avoid becoming the first back-to-back Stanley Cup losers since the 1977 and 1978 Boston Bruins. Canada’s Stanley Cup drought has now reached 31 years. After being largely silent in the past three games, the Panthers’ big guns showed up big in the make-or-break final game. Aleksander Barkov became the first Finnish captain in NHL history to lead his team to a Stanley Cup. Panthers arena flooded with Oilers fansIt’s a rarity to see a home arena invaded by visiting fans in the Stanley Cup Final, let alone in a Game 7.

Persons: Connor McDavid, Canada’s, Carter Verhaeghe, Sam Reinhart, Verhaeghe, Reinhart’s, Dmitry Kulikov, Mattias Janmark, McDavid, Conn Smythe, Sergei Bobrovsky backstopped, Paul Maurice, Maurice, Aleksander Barkov, “ Mr, Clutch ”, Vladimir Tarasenko, Clutch, Matthew Tkachuk’s, CARTER VERHAEGHE, ino H, ince, aron E kblad, hird, rick Organizations: NHL, Florida Panthers, Edmonton Oilers, Amerant Bank, Panthers, Oilers, Toronto Maple Leafs, Boston Bruins, Edmonton, Eastern, Stanley, ino H ard, ust Locations: Fla, Florida

☆ ‘We are happy he’s buried in Mecca,’ says daughter of man who died in Hajj heat wave
▼ + stars: | 2024-06-24 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

Sentono had registered for the Hajj in 2018 and traveled to Mecca with his 83-year-old wife and neighbors from the Indonesian city of Yogyakarta, Jumartiyah said. Some 241,000 Indonesian pilgrims were scheduled to make the journey to Mecca this year, according to Indonesian officials – the country’s largest ever quota. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record 125 degrees Fahrenheit (51 Celsius) on Monday. “Everybody is affected by deadly heat and sadly I am not surprised by (the Hajj) death toll,” he added. “Spending time outdoors in the extreme Mecca heat is risking death … so I am afraid there will be more deadly Hajj pilgrimages in the future.”

Persons: Heru Jumartiyah, Ngatijo Wongso Sentono, ”, Sentono, Jumartiyah, “, ” Jumartiyah, Pariyem, –, CNN ‘, Ahmad, Maximiliano Herrera, ” Herrera Organizations: CNN, Saudi, Indonesian Ministry of Religious Affairs Locations: Indonesian, Mecca, Indonesia, Mina, Yogyakarta, Hajj, Saudi, Saudi Arabia, ”

☆ US soldiers just put the Army's new Precision Strike Missile to the test against a moving sea target in the Pacific
▼ + stars: | 2024-06-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewThe US Army tested its new strike missile against a moving sea target in the Pacific earlier this month. The recent strike marked a "significant milestone" in the development of the new Precision Strike Missile, the Army said. The PrSM, a next-generation long-range precision strike weapon, will eventually replace the older MGM-140 Army Tactical Missile Systems, or ATACMS. The exercise involved the US Army's prototype Autonomous Multi-Domain Launcher and two Precision Strike Missiles, which were "able to engage a moving maritime target in conjunction with other Joint assets." An Army Tactical Missile System during live-fire testing at White Sands Missile Range in New Mexico on December 14, 2021.

Persons: —, Lockheed Martin, White, John Hamilton, Technology Doug Bush Organizations: Service, US Army, Army, MGM, Tactical Missile Systems, Business, Valiant, High, Artillery Rocket Systems, Systems, Lockheed, Pentagon, Army Tactical Missile System, White, Artillery, Acquisition, Logistics, Technology, Ship Locations: Palau, Cleveland, Austin, New Mexico, China

☆ EU allegations against Apple are worrisome but not a game-changer for the stock
▼ + stars: | 2024-06-24 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Apple could face EU fines of up to 10% of the company's total global revenue if found in violation of the DMA's competition policies. Ultimately, though, JPMorgan analysts said Monday that Apple's AI features delay overseas would have little impact on financials. AAPL YTD mountain Apple YTD Overall, Apple stock has had a rocky 2024 performance. Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware.

Persons: Apple, Jim Cramer, it's, Jim, Melius, Siri, Pro Max, Jim Cramer's, Tim Cook, Justin Sullivan Organizations: Apple, European Union, CNBC, JPMorgan, The Club, Huawei, Developers, Pro, Apple Worldwide Developers Locations: Europe, Apple's, China, Cupertino , California

☆ Opinion | Gay Marriage Was a Big Missed Opportunity
▼ + stars: | 2024-06-24 | by ( Omar G. Encarnación | ) www.nytimes.com time to read: +1 min

It’s a strange time for gay rights in America. As the country nears the 10th anniversary of the legalization of gay marriage nationwide, support for same-sex unions has risen to 70 percent of the American public. Even Obergefell v. Hodges, the 2015 Supreme Court ruling that legalized gay marriage, is under attack. Clearly, marriage equality was not enough to bring full equality to L.G.B.T.Q. But the gay marriage campaign was a major missed opportunity to expand L.G.B.T.Q.

Persons: Anita Bryant’s, Hodges, Samuel Alito, Clarence Thomas, Roe, Wade Organizations: Republican, Congress Locations: America

☆ Katy Perry reinvigorates the naked dress trend at Vogue World in Paris
▼ + stars: | 2024-06-24 | by ( Leah Dolan | ) edition.cnn.com time to read: +2 min

CNN —On Sunday, at Place Vendôme in Paris, Anna Wintour and her team launched the third installment of Vogue World — this time a theatrical celebration of French fashion and sport, in honor of the upcoming Olympics Games. One of the most surprising ensembles came from Katy Perry, in an archival Noir Kei Ninomiya cut-out gown for the show’s section on 1980s martial arts. Katy Perry walks in an archival Noir Kei Ninomiya naked dress. Jared Leto was seen in a translucent tunic at the same event. Jared Leto, too, arrived at Vogue World in a transparent sleeveless tunic and a pair of black briefs.

Persons: Anna Wintour, Katy Perry, Kei Ninomiya, Kei, Marc Piasecki, “, I’ve, ”, Elle Fanning, Kim Kardashian, Charlize Theron, Jennifer Lawrence, Florence Pugh, Jared Leto, Pascal Le Segretain, Perry, lister Organizations: CNN, Vendôme, Vogue, Haute Couture, Olympic Games, Sporting Locations: Paris

☆ Simone Manuel wins 50m freestyle at US Olympic swimming trials as she continues return from overtraining syndrome
▼ + stars: | 2024-06-24 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Simone Manuel claimed a tight victory in the women’s 50-meter freestyle at the US Olympic swimming trials on Sunday, edging out Gretchen Walsh by 0.02 seconds. Manuel, a five-time Olympic medalist, recorded a time of 24.13 seconds at Indianapolis’ Lucas Oil Stadium, almost half a second faster than her qualifying time. Having already earned a spot at this year’s Paris Olympics as a relay swimmer, the victory means that Manuel will also contest an individual event at her third Games. Al Bello/Getty ImagesAt the 2016 Rio Olympics, Manuel became the first Black woman to win a gold medal in an individual swimming event with her joint victory in the 100m freestyle, while she also won silver in the 50m freestyle. The Paris Olympics get underway on July 26, with swimming events beginning the follow day.

Persons: CNN — Simone Manuel, Gretchen Walsh, Manuel, overtraining, “, ” Manuel, Al Bello, –, Bobby Finke, David Johnston, Luke Whitlock Organizations: CNN, Indianapolis, Lucas Oil, Tokyo Games, Paris, Games, Paris Olympics Locations: Texas, Tokyo

☆ Artificial intelligence is coming for venture firms. VCs predict it could reduce headcount by more than 50%.
▼ + stars: | 2024-06-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: +8 min

Firms like Correlation Ventures, 645 Ventures, and Fly Ventures have long used data and AI to help guide investment decisions. AdvertisementEarlier this year, Sri Chandrasekar, a partner at Point72 Ventures, noticed a startup in his portfolio was having a breakout week. Related stories"If you go to any venture firm's website, you'll find that half the names are not doing anything to do with investing," Chandrasekar said. Advertisement"If you look at the large firms, they got very, very large in the last few years," said Andy McLoughlin, managing partner at Uncork Capital. Venture firms will have to remake themselves into a combination of people and A.I."

Persons: —, Matt Krna, Krna, Sri, Chandrasekar, Christina Melas, Andreeseen Horowitz, Andy McLoughlin, James Currier, Currier, McLoughlin Organizations: Service, Business, Ventures, Fly Ventures, Point72 Ventures, Bain Capital Ventures, Bain Capital, Catalyst, Lightspeed, Uncork, Venture, Deloitte, San Locations: San Francisco, Sri Chandrasekar

The winger was named captain for the U.S. men’s national team’s opening game against Bolivia at the 2024 Copa America. Pulisic sprinted to the sideline looking for someone in the crowd until he finally found USMNT set piece coach Gianni Vio. This U.S. team needs Pulisic to be a game-changer if they are going to make a run in the tournament. PULISIC WHAT A GOAL 😱🔥 WHAT A START FOR THE @USMNT 🇺🇸 pic.twitter.com/PaXw3NleF3 — FOX Soccer (@FOXSoccer) June 23, 2024Pulisic also set up the second goal. Balogun set himself and arrowed a precise left-footed strike beyond Guillermo Viscarra and into the corner of the net.

Persons: Pulisic, Tim Weah, —, Weah, Gianni, ove at th, dou, inge, Gregg Berha, Adams, ince, Reyna ’ s honor, ake, ss end., the r, ory, out g, nic, alo, liv, John T Organizations: Copa America, The Athletic, U.S, Bolivia, America, unt, emi Locations: U.S, osh, goa

☆ I booked an all-inclusive trip to the Amazon rainforest, and I can't believe how much I got for $90 a day
▼ + stars: | 2024-06-23 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +7 min

Read previewAs a child, I dreamed of visiting the Amazon rainforest, but I always envisioned it being wildly inaccessible. So when I found a three-day, all-inclusive tour of the Amazon rainforest at Green Forest Ecolodge for just $270, I knew I had to go. The package included all my meals, bus and canoe transfers, a private lodge, and up to four activities a day. I couldn't believe the value I got for my moneyI highly recommend this all-inclusive trip. Eibhlis Gale-ColemanVisiting the Amazon rainforest was the opposite of what I expected.

Persons: —, Eibhlis Gale, Coleman, I'd, Gale, Elvis Organizations: Service, Business, Lago Agrio Locations: Ecuador, Quito, Lago

☆ I walk over 3 miles to work once a week. A rucking expert helped me turn it into a better workout.
▼ + stars: | 2024-06-22 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Read previewWhen I first heard of rucking, a workout favored by both Guy Fieri and the Fittest Woman on Earth, I realized I already sort of do it. Julia PugachevskyKeep the heavier items towards the topCihlar said that your shoulders sometimes feel sore when you start rucking. For more seasoned ruckers, she recommended getting real rucking shoes because trainers "break down faster once you start adding that load." Julia PugachevskyI wore my running shoes and switched to mules at work (which had the bonus of making my pack just a little heavier, too). Julia Pugachevsky/StravaWhen I first started walking to work, I minimized it and didn't consider it a real workout.

Persons: —, Guy Fieri, I've, it's, it'd, Cihlar, Julia Pugachevsky, I'd, Doc Martens Organizations: Service, Business Locations: Brooklyn

☆ Arda Güler: How 19-year-old dubbed ‘the Turkish Messi’ lit up the European Championship
▼ + stars: | 2024-06-22 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

With the thunderbolt goal, Güler became the first teenager to score at a European Championship since Cristiano Ronaldo in 2004, guiding Turkey to its first ever opening-game victory at the tournament across the nation’s six appearances. “I don’t care about personal achievements,” Güler said after his performance against Georgia. Güler scores his long-range goal against Georgia. Alex Livesey/Getty ImagesIt was, though, a relatively quiet night for the 39-year-old, who was unable to add to his record haul of 14 European Championship goals. “Of course, I know his quality,” Portugal forward Diogo Jota told reporters on Friday when asked about Güler’s performance against Georgia.

Persons: Arda Güler, Messi ”, Güler, Cristiano Ronaldo, Ronaldo, ” Güler, “, I’m, Carlo Ancelotti, Jude Bellingham, Lamine Yamal, Jamal Musiala, Florian Wirtz, Saturday’s, Ronaldo –, Alex Livesey, Diogo Jota, ” Organizations: CNN, Georgia, Georgian, Real Madrid, ”, Agency, Getty, La Liga, Champions League, Reuters, Czech Locations: Turkey’s, Turkey, Fenerbahçe, Real, England, Dortmund, Portugal, Czech Republic, Germany

☆ Cristiano Ronaldo: The performance, the pitch invaders and a moment of Portuguese purity
▼ + stars: | 2024-06-22 | by ( James Horncastle | ) www.nytimes.com time to read: +6 min

“Can I ask you something?” he said when invited to justify Cristiano Ronaldo’s continued selection in Portugal’s starting XI. If Ronaldo doesn’t score, what else does he bring to the team apart from the histrionic gesturing of a frustrated traffic warden? “Do you know how many minutes Ronaldo played last season?” Martinez knowingly queried. Cristiano Ronaldo and Joao Cancelo were all smiles moments after the captain had been furious with his team-mate (Friso Gentsch/Picture Alliance via Getty Images)Pitch invaders marked Ronaldo closer than Turkey’s ragged centre-backs. “You can understand it was a difficult moment — if those intentions are wrong, the players are exposed and in danger.

Persons: Roberto Martinez, ”, Cristiano Ronaldo’s, Ronaldo doesn’t, He’s, Arda Guler, Ronaldo, ” Martinez, Cristiano, “, Fernando Santos, Goncalo Ramos, Conceicao’s, didn’t, Nuno Mendes, Bernardo Silva’s, Orkun, Joao Cancelo, Cristiano Ronaldo, Friso, Bernardo, Ruben Neves, Bruno Fernandes, Fernandes, Martinez, Fernandes ’, Will, Ramos, Germain, it’s, You’re, he’ll, Etsuo Hara Organizations: Saudi Pro League, Turkey’s, Georgia, Turkey, Portugal, Getty, Altay Bayindir, North, Portugal’s, Ronaldo, Paris Saint, selfies Locations: Portugal’s, Czech Republic, Leipzig, Portugal, Dortmund, Germany, Switzerland, Qatar, North Macedonia, Hamburg, Paris

☆ I went glamping in the Sahara Desert. I thought I'd hate it, but even the freezing temperatures didn't get me down.
▼ + stars: | 2024-06-21 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +5 min

At first, I didn't realize what I was in forThe Sahara Desert can get cold at night. Jamie Davis SmithWhen I signed up for the trip, I naively assumed a desert in North Africa would be comfortable in December. Fortunately, the desert camp was much nicer than I expectedThe Sahara Desert camp felt surprisingly cozy. Jamie Davis SmithMy camp in the Sahara — El Borj, located in Erg Chebbi — was anything but basic. Jamie Davis SmithI woke up early, in time to catch the golden sunrise over the dunes.

Persons: —, Jamie Davis Smith, Erg Chebbi —, I'd, glamping Organizations: Service, Business Locations: Morocco, North Africa, Erg, Moroccan

☆ First Neuralink patient explains what could happen if his brain-chip implant gets hacked
▼ + stars: | 2024-06-21 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Neuralink's first human patient discussed hacking concerns on Joe Rogan's podcast. Noland Arbaugh said a hacker could, in theory, see his brain data or access his PC by controlling a cursor. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNeuralink's brain chip has already shown promising results for its first recipient Noland Arbaugh, since he received it in January. "The short answer is yes," Arbaugh said in a podcast interview with Joe Rogan released Thursday.

Persons: Joe Rogan's, Noland Arbaugh, Arbaugh, isn't, —, Joe Rogan, Rogan lightheartedly Organizations: Service, Business

☆ The man who dismembered tech CEO Fahim Saleh said he was so in love he was disturbed. Prosecutors say he was on Bumble.
▼ + stars: | 2024-06-21 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Manhattan jury is about to decide the fate of Tyrese Haspil, the 25-year-old former personal assistant on trial for the brutal murder of his boss, tech CEO Fahim Saleh. That's the only major question," Roberts told the jury, arguing that his client was suffering from extreme emotional disturbance, or EED. Those thefts spiked when he got into the relationship, Roberts told the jury, referencing a graph of the embezzlements over time. When it was the government's turn to make closing arguments, prosecutor Linda Ford popped the love bubble.

Persons: —, Tyrese Haspil, Fahim Saleh, Saleh, Haspil, Sam Roberts, Roberts, Chauveau, Marine, Linda Ford, Ford, Bumble, April Newbauer Organizations: Service, Haspil, Business Locations: New York, Nigeria, Manhattan, France

☆ 2024 has become the year of gambling scandals in the sports world. That could be a good thing.
▼ + stars: | 2024-06-21 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

While the expansion of legal sports betting has made gambling more accessible, it's also helped spot infractions like these. The MLB also said it was tipped off about Marcano's betting activity by a legal sports-betting operator, ESPN reported. There's little data available to show whether gambling violations like these occur more or less often in the age of legal gambling, in part because they weren't easily tracked before 2018. They could be college football players betting on the NFL, or NFL players betting on games their teams weren't playing in. As sports-betting continues to expand in more states and the industry evolves, there may be more gambling scandals to come.

Persons: —, Jontay Porter, Tucupita Marcano, Lucas Paqueta, he's, It's, Shohei Ohtani, it's, Sara Slane, Pete Rose, sportsbooks, Matt Holt, Porter, Holt, that's, Slane, They're, Jim Brown, bettors, Brown, Sportradar, they're, IC360 Organizations: Service, NBA, Toronto Raptors, Raptors, San Diego Padres, Premier League, Football Association, Business, University of Alabama, Dodgers, Sports, Major League Baseball, MLB, ESPN, IC360, Alabama baseball, Iowa State University, Leagues, North America, NFL Locations: Slane, Ohio, sportsbooks, North, Sportradar, Colorado

☆ Here's our first-quarter earnings report card for 32 stocks in the portfolio
▼ + stars: | 2024-06-21 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. Similar to prior quarters, we grouped company results into one of four categories. Meta Platforms : Sales, earnings and cash flow results all topped expectations . However, sales and earnings both outpaced expectations, as did return on tangible common equity, a key consideration when valuing banks. The company also raised its outlook for full-year earnings growth to 25% year-over-year from 20%.

Persons: we're, Dover, Eli Lilly, Blackwell, Abbott, —, Wall, We'll, Morgan Stanley, Nikesh, Stanley Black, Wells, Estee Lauder, Fabrizio Freda, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Investing, Apple, Services, Broadcom, VMware, Coterra, DuPont, Microsoft, Nvidia, Wynn Resorts, Super, Abbott Labs, Web Services, Constellation Brands, Constellation, Ford, Ford Pro, Wall Street, Alto Networks, Procter & Gamble, TJX, GE Healthcare, Honeywell, Linde, Jim Cramer's Charitable, CNBC Locations: Dover, China, Eaton, Las Vegas, China's Macao, billings, Wells Fargo, —

☆ Betting scandals have rocked sports this year. Here's why that could be a good thing.
▼ + stars: | 2024-06-21 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

While the expansion of legal sports betting has made gambling more accessible, it's also helped spot infractions like these. The MLB also said it was tipped off about Marcano's betting activity by a legal sports-betting operator, ESPN reported. "When you are operating in the dark, you have no idea what is actually happening — if refs are partaking in illegal betting or players are partaking in betting," Slane said. Many US states where sports betting is legal require gambling companies to work with a licensed independent integrity-monitoring service, like IC360 or Sportradar, to identify suspicious betting activity. They could be college football players betting on the NFL, or NFL players betting on games their teams weren't playing in.

☆ Disney sued by 2 workers after it asked them to relocate from California to Florida to work at a $1 billion campus, which it later canceled
▼ + stars: | 2024-06-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Read previewTwo Disney workers have sued the company after it asked them to relocate from California and be based at a new Florida campus — which it later canceled. Last May, Disney scrapped plans to build the nearly $1 billion campus in Lake Nona, Orlando. AdvertisementIn June 2022, Disney told workers that the deadline to relocate to Florida had been pushed back to 2026 because the project's completion had been delayed, the lawsuit said. But then, in May 2023, Disney told employees that the Lake Nona project was canceled. It claims that Disney made untrue statements about the Lake Nona campus to workers to induce workers to relocate.

Persons: —, Bob Iger, Florida Sen, Ron DeSantis, Josh D'Amaro, Maria De La, George Fong, Disney, De La Cruz, Fong, Nona Organizations: Service, Disney, Florida, Business, Los Angeles Superior Court, Lake Nona, Disney's Locations: California, Florida, Lake Nona, Orlando, Glendale , Southern California, Maria De La Cruz, Lake, De, Disney's Kissimmee, Disney's California, Los Angeles

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