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Two months ago, I wrote a story entitled, "The IPO market is looking very shaky and facing challenges galore." Two months later, the IPO market is still shaky, but there are definite signs of improvement. Second, three $100 million IPOs have filed to go public in the past week, including Viking (the cruise line operator) and Rubrik, a data management platform. Greg Martin at Rainmaker Securities told me that the recent performance of Reddit and Astera Labs, "Were nice shots in the arm for the IPO market. Even with markets at new highs, the specter of interest rates creeping up is still hanging over the IPO market.
Persons: Matt Kennedy, Reddit, Greg Martin, Ibotta, Ingram, Del, Viking, Howe Ng, I'm, Martin, Rainmaker, Santosh Rao Organizations: IPOs, Viking, Renaissance Capital, Astera Labs, Rainmaker Securities, NYSE, UL Solutions, Underwriters Laboratories, Nursing, Centuri Holdings, Labs, Companies, Ingram Micro, Epic, Manhattan Venture Partners Locations: IPOs, Del Monte
That beats the fiscal year of rival fast fashion company H&M. AdvertisementIt appears we consumed quite a bit of fast fashion last year. AdvertisementFor a generation of shoppers who say they like to be environmentally conscious, that's a lot of fast fashion — an industry that relies on cheap labor but comes with a heavy environmental cost. Still, it was a recognition from the fast fashion giant that it knows who its audience is and what they care about. But for now, it's onward and upward for fast fashion.
Persons: Zers, millennials, , Barron's, It's, Shein, Janus, Jadrian Wooten Organizations: Service, Financial Times, United Nations Environment, New, Virginia Tech, Sheffield Hallam University, & $ Locations: Zara, England, Guangzhou, China
“She’ll definitely have a role, but in terms of what that is, I don’t know,” a source close to the Trump campaign said. They assume Melania Trump will have some role – yet it has not been set. Donald Trump Jr., Eric Trump and Tiffany Trump were there. That absence has only been heightened by her husband, who has been promising she’ll be on the campaign trail soon. “She loves our country very much,” Donald Trump told NBC’s Kristen Welker in an interview in September.
Persons: Melania Trump, Trump, “ She’ll, , Donald Trump, – hasn’t, she’s, it’s, ” Donald Trump, Donald Trump Jr, Eric Trump, Tiffany Trump, , , Megyn Kelly, She’s, Jack Nicklaus, Viktor Orban, Barron, Rosalynn Carter, “ Melania, , Donald, Jill Biden, Joe Biden, ’ ” Stephanie Grisham, Melania, Hillary Clinton ‘, NBC’s Kristen Welker, she’ll Organizations: CNN, Republican National Convention, Republican, Hungarian, National Archives, Justice Department, White, Locations: Largo, Florida, Mar, Washington , DC, Iowa
But let's say you're 30 years old and haven't started stashing money away; you may have difficulty getting there. And as a result of this, if you're going to live during a 30 or 40 year retirement. In Edelman's opinion, you're late to the game if you're over 25 and haven't started saving and investing. When people do set money aside, it's often in the wrong places, such as bank savings, money market accounts, and government bonds, Edelman said. All of this might sound complicated for a beginner, but diversification can be achieved through exchange-traded funds (ETFs), Edelman noted.
Persons: haven't, Ric Edelman, Barron's, Edelman, it's, aren't, Franklin Templeton Organizations: Federal Reserve, Edelman, New York Times, Trust, Vanguard Locations: America
The Hotel That Owed Over $300,000 in Water Bills
  + stars: | 2024-03-21 | by ( James Barron | ) www.nytimes.com   time to read: 1 min
The city says that the bill scofflaws have used six billion gallons without paying. That’s enough water to satisfy the city’s thirst for four full days, as well as its needs for teeth brushing, showering and toilet flushing. Looked at another way, the daily average for water use is about 191 gallons for a single-family home and 142 gallons per unit for a multifamily one. The city charges $11.63 for every 100 cubic feet of water (748 gallons), which includes a charge for wastewater services. That works out to about a penny a gallon.
Read previewAdult film actor Stormy Daniels drops so many bombshells in the smart, surprisingly moving documentary, "Stormy," that it's no wonder former President Donald Trump's "hush money" case lawyers are now raging against it. 'Unacceptable'"Extraordinarily prejudicial," Trump's lawyers called the film in defense filings made public this week. There is also their client to consider, Trump's lawyers said, in the delay request made public Thursday. Trump's lawyers are meanwhile asking that Daniels — given name Stephanie Clifford — be barred from testifying at the hush-money trial. A still from the Peacock documentary, "Stormy."
Persons: , Stormy Daniels, Donald Trump's, Trump, Daniels, she'd, Stephanie Clifford —, Michael Cohen, Juan Merchan's, Peacock, Erin Lee Carr, Carr, Seth Rogen, Jimmy Kimmel, Melania Trump, Barron, It's, Trump's, — Daniels, Cohen, Sarah Gibson, Gibson, Michael Avenatti —, Avenatti, Donald Trump Organizations: Service, Business, NDA, Trump, Prosecutors, York, Southwest, Touch, National Enquirer, Wall Locations: Lake, Manhattan, Baton Rouge , Louisiana, Brooklyn, American
Earth would be more liveable than Mars "even after a nuclear war" and climate change, he said. It comes as Elon Musk and Jeff Bezos test mega-rockets that could take humans to the red planet. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The prototype rocket, which is a crucial part of Musk's plan to colonize the red planet, blew up on its previous attempts. The rocket could compete with Starship for NASA's plans to return to the moon ahead of heading to Mars.
Persons: Barack Obama, Elon Musk, Jeff Bezos, Obama, Jeff Bezos's, Glenn Organizations: Service, SpaceX, Amazon Locations: Silicon, Paris, Mars
Trump's felony hush money trial had been scheduled to begin March 25 in Manhattan. Talk of delay was triggered by federal prosecutors producing 73,000 pages of long-awaited evidence. AdvertisementDonald Trump's felony hush money trial, long scheduled to begin March 25, may be delayed by a month or longer due to federal officials' last-minute production of 73,000 pages of evidence concerning their 2018 prosecution of Michael Cohen. The defense has only dragged its feet in seeking the same evidence, prosecutors said. The assistant prosecutor blamed the late, ongoing evidence dump — and the resulting need for a delay — on federal prosecutors and the Trump defense.
Persons: , Donald, Michael Cohen, Juan Merchan, Attorney Alvin Bragg, Todd Blanche, Blanche, Trump, Matthew Colangelo, Colangelo, Cohen —, Cohen, Donald Trump, Eduardo Munoz, Joe Raedle, Stormy Daniels, Daniels, Melania Trump, Barron Trump, Merchan Organizations: Prosecutors, Service, Manhattan, New, Defense, Trump, Attorney, US, Trump fixer, REUTERS, US Attorney's Office Locations: Manhattan, tranches, Lake Tahoe
A TV chef fried a fish on the endangered species list on an Austrian show. Both the chef and the broadcaster, ORF, have apologized for the incident. During the show, which went out last week, the chef whipped up a dish of potato salad with fish fritters, per the report. But the broadcaster, ORF, was soon hit by complaints from anglers after they discovered the fish used in the dish was the endangered Frauennerfling, a near-extinct species, AFP reported. AdvertisementORF also apologized for "cooking a fish which is protected all year round," claiming it had had "different information," the report said.
Persons: , Rutilus, Gregor Gravogl Organizations: IUCN, ORF, Service, Agence France, Presse, AFP, International Union for Conservation of Nature Locations: Austrian, AFP, Barron's, Italy, Switzerland, Austria's
If selective colleges admitted students by score alone — using, say, a 1300 cutoff — the pool would not be very diverse, by race or class. If selective colleges admitted students by score alone — using, say, a 1300 cutoff — the pool would not be very diverse, by race or class. To create a more diverse class, colleges could … But admissions preferences based on race are no longer legal. We Tried to Create a Diverse College Class Without Affirmative Action Now you can try it, too. In our affirmative action model, just 6 percent of admitted students come from the bottom quartile of the income distribution.
Persons: , Sean Reardon, Demetra, NaN %, NaN, It’s, , , Richard Kahlenberg, we’re, didn’t, “ We’re, Zack Mabel, we’ve, , it’s, Richard Sander, Jill Orcutt, Johns Hopkins, they’ll Organizations: Stanford, Penn, Here’s, Colleges, Progressive Policy Institute, White Asian, American Association of Collegiate, University of California Locations: America, Here’s, Alaska, Georgetown, U.C . Merced
The future of the US economy is in the South
  + stars: | 2024-02-28 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +4 min
If you're searching for the future of the American economy , look South. Population growth is among the key drivers of economic growth , and Americans are clustering in the South. The South had the highest job openings rate and the lowest unemployment rate of any region, per BofA. Houston's energy economy , Miami's proximity to Latin America and growing financial industry , Dallas's blossoming environment of diversified business behemoths, and Nashville's status as a healthcare and tech hub could position each of these Southern cities to thrive in the future. To varying degrees, some Southern cities are already seeing how high housing costs can plague an area with surging demand .
Persons: weren't, who've, Niall Ferguson, Barron's, Houston — Organizations: Service, Bank of America, Business, Texans, Dallas Fed, Houston Locations: Northeast, Midwest, West, Southern, United States, Carolina, Georgia, Florida, South Carolina, Texas, New York, San Francisco, Houston, Dallas, Nashville, Miami, Stanford, America, San Francisco , New York, Los Angeles
The Show That Made Me Love Formula One
  + stars: | 2024-02-28 | by ( Alex Barron | Lynn Levy | Sophia Lanman | ) www.nytimes.com   time to read: 1 min
To an avid sports fan, the appeal of a documentary film or series about sports is obvious. But our television critic Margaret Lyons argues that being part of a sports fandom is not a prerequisite for enjoying a sports documentary. The world of sports is full of dramatic twists, colorful characters, thrilling highs and agonizing lows — in other words, all the components of a great story. Sports documentaries can also be a way to fall in love with a sport you’ve never watched before. In this episode, Margaret talks about three recent sports documentaries that are worth your attention.
Persons: Margaret Lyons, Margaret
Donald Trump forgot to mention his son Eric in his victory speech after securing the GOP nomination in South Carolina. This was in spite of the fact that Eric was standing on stage with him, and Trump was reading the names off a note card. AdvertisementFormer President Donald Trump forgot to name one of his children during his victory speech after securing the Republican primary nomination in South Carolina on Saturday — despite standing onstage with them. We have a great family," Trump said. He neglected to mention his second son, Eric Trump, and his wife, Lara, standing onstage to his right.
Persons: Donald Trump, Eric, Trump, Critics, , Barron, Don Jr, Kimberly, Ivanka, Jared, Tiffany, Michael, Eric Trump, Lara, ivanka, Jesse Ferguson, Nikki Haley, Nancy Pelosi, Joe Biden, Barack Obama, Haley, Trump's Organizations: GOP, Service, Republican, The Trump Organization, Democratic, Trump, Lincoln Locations: South Carolina, Melania
Donald Trump, Jr., and Eric Trump are executive vice presidents at the Trump Organization. AdvertisementSince January of 2017, Donald Trump, Jr., and Eric Trump have run their father's real-estate empire as "co-CEOs," as lawyers for New York's attorney general like to call it. "I was focused on pouring concrete," Eric Trump had said in a pre-trial deposition, during which he pleaded the Fifth some 500 times. Like his little brother, Don Trump, Jr., was guarded when called to the witness stand. In the litigation with the New York attorney general's office, Eric Trump and Donald Trump, Jr. have been primarily represented by Clifford S. Robert.
Persons: Donald Trump , Jr, Eric Trump, Don Jr, Eric, , Donald Trump Jr, Arthur Engoron, Trump, Donald Trump, KENA BETANCUR, Letitia James, Engoron, James, Andrew Amer, Amer, that's, It's, Whitley Penn, Don Trump, Jr, David Dee Delgado, Ivanka Trump, Allen Weisselberg, Jeff McConney —, Barron, Tiffany Trump, Clifford S, Robert Organizations: Trump Organization, Service, New, Trump, Getty, Locations: New York, York, AFP, Springs
Some might not reach trial this year, while one is set to begin in a matter of weeks. In all, Trump faces 40 felony charges in the classified documents case. U.S. District Judge Aileen Cannon set a trial date of May 20, 2024, though she has signaled that it may be pushed back. The Trump campaign called the charges “fake” and asked why it took two and a half years to bring them. That case is set to be first to proceed to trial, with a judge setting jury selection for March 25.
Persons: Donald Trump, Jack Smith, Trump, cavalierly, Walt Nauta, Carlos De Oliveira, De Oliveira, Aileen Cannon, Joe Biden’s, Mike Pence, Biden, it’s, Michael Cohen, Stormy Daniels, Melania Trump, Barron, GEORGIA Trump, Rudy Giuliani, Mark Meadows, Sidney Powell, Kenneth Chesebro, Fani Willis Organizations: WASHINGTON, Trump, Pentagon, Nauta, U.S, Capitol, United, New York, White House, Electoral College Locations: Florida, Trump’s Florida, Washington, United States, U.S, New York, GEORGIA, Georgia, Fulton County
The next step was to draw a proposal for the Ministry of Petroleum Resources, the department that oversees Nigeria’s considerable fossil-fuel reserves. Nigeria would pipe in wet gas at no cost to the company. For about a year leading up to the submission of P.&I.D.’s proposal, Quinn and Cahill sent Taiga and one of her daughters just a bit more than $25,000 in incremental payments. Quinn also took Taiga’s colleague, a Ministry employee named Taofiq Tijani, to dinner at Chopsticks, a Chinese restaurant in Abuja. Then, shortly before the contract was signed, Cahill sent another $5,000 from a bank in Cyprus to Taiga’s daughter’s account, which was coded as a “commission payment.”
Persons: Grace Taiga, Quinn, Cahill, Taofiq, Taiga’s, Organizations: Ministry of Petroleum Resources, Ministry of Defense, Ministry Locations: Nigeria, Chopsticks, Abuja, Cyprus
New Music for Your Weekend
  + stars: | 2024-02-09 | by ( Alex Barron | Tina Antolini | Dan Powell | ) www.nytimes.com   time to read: 1 min
The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter.
Organizations: New York Times
“Northern Exposure” premiered on CBS in 1990. Over the next six years, it drew millions of viewers, won a raft of Emmys and adorned the cover of multiple issues of TV Guide. But despite its success decades ago, “Northern Exposure” wasn’t widely available on streaming platforms until recently. Our TV critic Margaret Lyons considers how being out of circulation affected the show’s legacy, and the joys of rediscovering this classic series. On today’s episode
Persons: Margaret Lyons Organizations: CBS
CNBC Daily Open: Fed rate cut path in sharp focus
  + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
Traders react as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. REUTERS/Brendan McDermidThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street ends highU.S. stocks ended on a positive note on Monday. The S&P 500 closed at a new record high as Wall Street looked ahead to Big Tech earnings and the Federal Reserve's rate policy decision.
Persons: Brendan McDermid, Erek Barron, Biden, Joe Biden, Brad Gerstner Organizations: New York Stock Exchange, REUTERS, CNBC, Big Tech, Dow, Nasdaq, DOJ, SEC, of Justice, Securities and Exchange Commission, Republicans, Hamas Locations: New York City, U.S, Maryland, Iran, Jordan, Iraq, Iranian, Israel
CNBC Daily Open: Fed rate cut timing in focus
  + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] SK Hynix analysts' top callSouth Korea's SK Hynix, the world's second-largest memory chipmaker, is getting a lot of attention. Analysts are bullish on the stock and expect SK Hynix to drive the next generation of AI growth.
Persons: Dow, Elon Musk's Tesla, Erek Barron Organizations: New York Stock Exchange, CNBC, CSI, Big Tech, Nasdaq, China EV, DOJ, SEC, of Justice, Securities and Exchange Commission, SK Hynix, South Korea's SK Hynix Locations: New York City, U.S, Hong Kong, Asia, China, Maryland
The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other names. Lee, a 35-year-old also known as Xue Lee, is charged with a single count of conspiracy to commit securities fraud and wire fraud. Chunga, who also is known as Bitcoin Beautee, pled guilty Monday to one count of conspiracy to commit securities fraud and wire fraud, for which she faces the same possible maximum sentence. Chunga separately agreed to settle civil charges by the SEC for violating the anti-fraud and registration provisions of U.S. securities laws. The SEC complaint says she received more than $3.7 million from both the HyperFund platform and from investors.
Persons: Nicole Argentieri, Erek Barron, Sam Lee, Rodney Burton, Brenda Chunga, Lee, Xue Lee, Burton, Chunga, Beautee, HyperFund Organizations: U.S . Department of Justice, Washington , D.C, The, Justice, Securities, Exchange Commission, DOJ, U.S, Attorney, United Arab Emirates, SEC Locations: Washington ,, HyperFund, Maryland, Australian, Dubai, United Arab, Miami, Severna Park , Maryland
The case for the 4.5-day workweek
  + stars: | 2024-01-24 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +5 min
Basis Technologies adopted a 4.5-day workweek by making Fridays a half-day. AdvertisementThe decision by Basis to make the workweek 4.5 days could offer an alternative for companies that are short-workweek curious but aren't ready to commit. Tinkering with FridaysIn the past two to three years, Barron said, Basis has experimented with a four-day workweek and half days on Fridays. But the compromise approach to giving workers more time away from work doesn't mean Basis has ruled out the four-day workweek altogether. "The four-day workweek is not off the table," Barron said.
Persons: , Emily Barron, Barron, it's, we've, there's Organizations: Technologies, Service, BI Locations: Chicago, North America, Americas, Europe
Charles Osgood, a newscaster who told unconventional stories on the radio in unconventional ways — sometimes with rhyme, sometimes with humor, often with both — died on Tuesday at his home in Saddle River, N.J. Mr. Osgood became a familiar face on television as the host of “CBS Sunday Morning” from 1994 to 2016. On television, he was known for his trademark bow ties; on the radio, it was for his distinctive voice, most familiar from his short “Osgood File” segments on CBS Radio. It was not booming like Paul Harvey’s, deeply authoritative like Edward R. Murrow’s or telegraph-staccato like Walter Winchell’s. Some listeners compared the way Mr. Osgood sounded to the jerky rhythms of Rod Serling, the host and creator of “The Twilight Zone.”
Persons: Charles Osgood, , Osgood, Paul Harvey’s, Edward R, Walter Winchell’s, Rod Serling Organizations: CBS News, CBS Locations: Saddle River, N.J
The other bill, from Sen. Bill Cassidy and Sen. Tammy Baldwin, would ban de minimis shipments from China. The provision is more likely to change — a prospect that both Shein and Temu have said they support. Jennifer Ortakales Dawkins/InsiderShipping consultancy ShipMatrix estimates that Shein and Temu each ship more than a million packages to the US daily. It added that almost 50% of all de minimis shipments to the US come from China. Related stories"Changes to the exemption could create a paradigm shift for retailers like Temu and Shein," Bank of America analysts wrote in the note.
Persons: minimis, Earl Blumenauer, Russia —, Bill Cassidy, Sen, Tammy Baldwin, Cassidy, Baldwin, Jay Sole, It's, Jennifer Ortakales Dawkins, Shein's, Temu, Shein, Donald Tang, SHEIN, de minimis, they've, Steve Story, Sole, Satish Jindel, ShipMatrix, Jindel Organizations: Business, Customs, Rep, Bank of America, US Chamber of Commerce, Express, UBS, Pinduoduo Holdings, Goods, Shipping, Chinese Communist Party, China . Shipping, Wired, Shein, American Apparel and Footwear Association, Apex Logistics International, Walmart Locations: Xinjiang, China, Russia, Sen, Singapore, Boston, minimis, United States, mstone@insider.com
Ruth Bader Ginsburg’s Collars, Captured by Camera
  + stars: | 2024-01-19 | by ( James Barron | ) www.nytimes.com   time to read: 1 min
In the soft stillness of a museum gallery, you could forget that the photographs on the walls around you were shot under time pressure. Six minutes each, the photographer Elinor Carucci told me. The photographs, on view at the Jewish Museum in Manhattan, are haunting, almost three-dimensional images of collars and necklaces that belonged to Justice Ruth Bader Ginsburg of the Supreme Court.
Persons: Elinor Carucci, Ruth Bader Ginsburg Organizations: Jewish Museum Locations: Manhattan
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