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☆ Costco sells a surprising variety of gold and silver – we counted 17 different items
▼ + stars: | 2024-06-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Costco has made headlines selling gold bars from Swiss and South African refineries. Collectors are tracking a dozen or so other gold and silver products the company has sold. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBy now most folks have heard that Costco sells a lot of gold. But while the coverage has focused largely on gold bars from Swiss and South African refineries, the wholesale club's precious metals offering is much bigger.

Persons: — Organizations: Costco, Service, Business Locations: Swiss

☆ South Africa’s governing alliance emerges as the new parliament convenes
▼ + stars: | 2024-06-14 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Reuters —The African National Congress has agreed to form a government of national unity for South Africa with three other parties including its largest rival, the pro-business Democratic Alliance, public broadcaster SABC reported on Friday. The SABC report came as the newly elected parliament was convening for the first time and lawmakers were in the process of being sworn in. The chamber will later elect its speaker, deputy speaker and the country’s president. SABC said the unity government would include the ANC, the DA, the socially conservative Inkatha Freedom Party and the right-wing Patriotic Alliance. The session was taking place in a Cape Town convention centre as the parliament complex was damaged by fire in 2022.

Persons: ”, Sihle Zikalala, John Steenhuisen, Cyril Ramaphosa, Raymond Zondo, Helen Zille, Ramaphosa, “, Jacob Zuma Organizations: Reuters, African National Congress, Democratic Alliance, SABC, ANC, DA, Freedom Party, Patriotic Alliance, National Assembly, Fighters, Party, IFP, The Patriotic Alliance, Capital Economics, EFF, MK, ”, Economics Locations: South Africa, Cape Town, London, policymaking

☆ Investors wonder if tech can keep lifting S&P 500 to new records this summer as some cracks emerge
▼ + stars: | 2024-06-14 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Wall Street is wondering whether the tech rally that's pushed the S & P 500 through record after record this year can continue, even as some cracks emerge in the market outlook. .SPX YTD mountain S & P 500 near record highs A peek inside the major indexes also reveals a similar pattern. Information technology is the best-performing sector in the S & P 500 this week, gaining 6.2%. As it is, the S & P 500 is already above 5,400, having advanced more than 13% this year. Winners and losers market David Miller, investment chief at Catalyst Funds, also said the S & P 500 could end 2024 with a 17% or 18% gain.

Persons: Jeff Klingelhofer, it's, Klingelhofer, Brian Nick, Nick, Dave Sekera, Dave Donabedian, Donabedian, David Miller, Miller Organizations: Nasdaq, Nvidia, Dow Jones, Apple, Thornburg Investment Management, CNBC, Macro, Federal Reserve, Morningstar, CIBC Private Wealth, Catalyst Funds, Microsoft, Google, Visa, MasterCard, American Airlines, Delta Air Lines, Novo Nordisk, TransDigm, Index, Retail, Manufacturing, Housing, Philadelphia Fed, Kroger, Darden, PMI Locations: U.S, NAHB

☆ MLB umpire Pat Hoberg disciplined for violating gambling rules
▼ + stars: | 2024-06-14 | by ( Ken Rosenthal | Evan Drellich | ) www.nytimes.com time to read: +5 min

Major League Baseball said Friday night it has disciplined umpire Pat Hoberg for violating the league’s gambling rules, and that he is being held out of games during this season while an appeal is considered. Multiple players have been punished for gambling violations, including Tucupita Marcano, who got a lifetime ban for betting on baseball. Now, an umpire has been punished, with Hoberg becoming the only known umpire in recent history to have been disciplined for a matter related to gambling. “During this year’s Spring Training, Major League Baseball commenced an investigation regarding a potential violation of MLB’s sports betting policies by Umpire Pat Hoberg,” MLB said in a statement. AdvertisementThe most severe is that anyone found to have gambled on a baseball game they are directly tied to — “any baseball game in connection with which the bettor has a duty to perform,” as the rules formally put it — is to be banned permanently from the game.

Persons: Pat Hoberg, Tucupita Marcano, Shohei, Ippei Mizuhara, Hoberg, Glen Caplin, “, ” Hoberg, “ Mr, Rob Manfred, David Fletcher, Mizuhara, Tim Donaghy, Steph Chambers Organizations: Major League Baseball, MLB, ESPN, Major League Baseball Umpires, Hoberg, North, Supreme, Baseball Locations: U.S

☆ EU tariffs on EVs sting China but won’t halt BYD’s advance
▼ + stars: | 2024-06-13 | by ( Laura He | ) edition.cnn.com time to read: +8 min

The impact on China’s EV makers will vary depending on the level of tariff and each company’s cost structure. “One critical issue for China is that the EU accounted for 38% of China’s EV exports in 2023,” Sebastian said. In February, nine government agencies, including the Commerce Ministry and the central bank, vowed to provide support to accelerate Chinese EV makers’ global push. Tesla prices to riseIn contrast to BYD, state-owned carmaker SAIC is in a “disastrous” situation facing 38.1% in additional tariffs, according to Sebastian. Soula said China could retaliate by imposing tariffs on some European goods such as luxury cars, premium brandies or airplane parts.

Persons: Hong Kong CNN —, BYD, Tesla, Gregor Sebastian, ”, ” Sebastian, Etienne Soula, It’s, Sebastian, Geely, Andrew Bergbaum, don’t, Soula Organizations: Hong Kong CNN, European Union, EV, China’s, Alliance, Democracy, German Marshall Fund of, Commerce Ministry, SAIC, Volvo, European Commission, UBS, EU Locations: China, Hong Kong, European, Europe, Beijing, Asia, Brazil, Turkey, United States, EU, America, Shanghai, Hungary, Italy, Spain

The bank also raised its price target to $160 from $115, suggesting 18% upside from Wednesday's close. — Michelle Fox 7:59 a.m.: KeyBanc raises Netflix price target Netflix's growth isn't going to slow down any time soon, according to KeyBanc Capital Markets. — Pia Singh 7:23 a.m.: Bank America raises price target on Boeing Bank of America is weighing the challenges and opportunities Boeing has to make a turnaround. She kept her $38 price target, which implies shares could drop just slightly from its latest close. — Pia Singh 5:45 a.m.: Jefferies names Microsoft a top pick Microsoft is "going for AI gold," according to Jefferies.

Persons: Jefferies, Christine Cho, — Jesse Pound, Clark, Anna Lizzul, Kimberly, — Michelle Fox, Justin Patterson, Patterson, — Pia Singh, Ronald Epstein, Epstein, Oppenheimer, Ulta, Rupesh Parikh, Parikh, Morgan Stanley downgrades Corning, Corning, Morgan Stanley, Meta Marshall, Marshall, Tom O'Malley, O'Malley, AVGO, JPMorgan's Harlan Sur, Timothy Arcuri, Brent Thill, Fred Imbert Organizations: CNBC, Microsoft, Barclays downgrades NextEra Energy Partners, NextEra Energy Partners, Barclays, Bank of America, Clark Bank of America, KeyBanc, Markets, Netflix, Bank America, Boeing Bank of America, Boeing, Broadcom, VMware, Google, UBS, Jefferies Locations: Kimberly, F2H25

☆ From prison to the trenches: Inside Ukraine’s attempt to turn inmates into soldiers
▼ + stars: | 2024-06-13 | by ( Daria Tarasova-Markina | ) edition.cnn.com time to read: +11 min

Central Ukraine CNN —Battalion commander Dmytro Kukharchuk speaks quietly but firmly. Dmytro told CNN he knew he wanted to fight from the moment the war started. But since I couldn’t, I will now protect other families who want to live and have children,” he told CNN. Dmytro told CNN that he grew up as an orphan and started stealing when he was young. Of the 17 inmates who wanted to join on the day CNN visited the prison, the 3rd Separate Assault Brigade recruited 12.

Persons: Dmytro Kukharchuk, –, Kukharchuk doesn’t, attentively, ”, Daria Tarasova, Kukharchuk, “, I’m, Wagner, Denys Maliuska, Maliuska, Dmytro, CNN ‘ Organizations: Central, Central Ukraine CNN —, Ukraine, Separate Assault Brigade, CNN, Russia, Ministry of Justice, Ukraine’s, Ministry, 110th Mechanized Brigade, Ministry of Defense, Armed Forces of Locations: Central Ukraine, Bakhmut, Ukraine, Russia’s, Avdiivka, Ukrainian, Kyiv, Russia, Armed Forces of Ukraine, Russian, Izium, Kukharchuk

☆ Moana: Disney casts 17-year-old Australian Catherine Laga‘aia to star in live-action version
▼ + stars: | 2024-06-13 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —An Australian teenager of Samoan heritage has been announced as the star of the upcoming live-action version of the hit Disney movie “Moana.”Seventeen-year-old Catherine Laga‘aia has been cast as the eponymous heroine of the movie, which begins filming this summer. She is no stranger to showbiz, however, as her father is Jay Laga‘aia, a New Zealand-born actor who starred in two of the “Star Wars” movies. He is also one of the movie’s producers, alongside, among others, “Hamilton” creator Lin-Manuel Miranda, who wrote much of the original movie’s soundtrack. Auli’i Cravalho starred as Moana in the original film, along with Rachel House, Nicole Scherzinger and Temuera Morrison. Disney has successfully reimagined several of its animated classics as live-action movies, beginning with “Beauty and the Beast” in 2017, followed by “Aladdin” and “The Lion King” in 2019 and “The Little Mermaid” last year.

Persons: Catherine Laga‘aia, ”, Alice Hart, Sigourney Weaver, Jay Laga‘aia, Dwayne Johnson, “ Hamilton, Lin, Manuel Miranda, Laga‘aia, “, Moana, Tuai, I’m, Katie, Lin Manuel Miranda, John Tui, Frankie Adams, Rena Owen, Gramma Tala, Thomas Kail, “ Hamilton ”, Johnson, Auli’i Cravalho, Rachel House, Nicole Scherzinger, Temuera Morrison, “ Aladdin ”, King ” Organizations: CNN, Pacific Islanders, Disney, Samoa, Broadway, Nielsen Locations: Motunui, New Zealand, Maui, Sydney, Fa‘aala, Savai‘i, ‘ Upolu, Samoa, Australia, Moana, Zealand

☆ High interest rates could pressure companies to cut dividends. These names may be at risk, Wolfe Research says
▼ + stars: | 2024-06-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Dividend-paying companies might feel compelled to cut their dividends if they're grappling with a lot of debt, as higher rates raise the cost of leverage for companies. He added dividend cuts can also serve as a "clearing event" for a stock, ironically spurring a period of outperformance. See below for a few of the potential contenders for dividend cuts. The stock is down more than 15% in 2024, and it offers a dividend yield of nearly 5%. Shares are up about 17% in 2024, and the stock has a dividend yield of 3.5%.

Persons: Jerome Powell, Chris Senyek, Wolfe, Matthew Boss, Vail, Goldman Sachs, Christine Cho, Nordstrom Organizations: Wolfe Research, Federal, Vail Resorts, JPMorgan, Vail, Nordstrom, Whirlpool, Owl Locations: Wednesday's

☆ Mail-Order Abortions, Protected by Court for Now, Are Growing Rapidly
▼ + stars: | 2024-06-13 | by ( Margot Sanger-Katz | Claire Cain Miller | ) www.nytimes.com time to read: +1 min

The Supreme Court, for now, has protected telehealth abortion, which accounts for a substantial and growing share of abortions in the United States. In telehealth abortions, pills are prescribed over video or via online forms, and do not involve an in-person visit between a clinician and patient. The share of these abortions has grown rapidly in recent years; there were fewer than 4,000 in April 2022. On Thursday, the court upheld broad access to the drug mifepristone, one of two pills used in medication abortion. Since 2021, the agency has allowed abortion pills to be prescribed online and mailed to patients.

Persons: Roe, Wade Locations: United States, telehealth

☆ Wells Fargo fired employees accused of faking work. It shows some bosses are cracking down on disengagement.
▼ + stars: | 2024-06-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +3 min

Read previewWells Fargo's decision to fire reportedly more than a dozen workers it accused of faking work shows some bosses are done tolerating disengaged employees. This story is available exclusively to Business Insider subscribers. Related storiesThe filings, however, do not say whether the fired employees were allegedly faking work from home. Wells Fargo states on its website that many of its corporate workers are eligible to work hybrid roles. Only about one in three full- and part-time workers reported being engaged in the first quarter of 2024, according to Gallup.

Persons: —, Wells, didn't, they'd, they're, worrisome, Gallup Organizations: Service, Bloomberg, Financial Industry, Authority, Business, Big, Wall Street, Gallup Locations: Wells Fargo, earshot

Where patients traveled for abortions Number of patients 10,000 1,000 100 2023 171,300 patients traveled Alaska Wash. N.D. Hawaii Minn. Ore. N.Y . Number of patients 10,000 1,000 100 2023 171,300 patients traveled 2019 73,100 patients traveled Alaska Alaska Wash. Wash. Maine Mont. An exodus from Texas 10,000 1,000 100 Number of patients 2023 35,500 Texas patients traveled Wash. N.Y. Mass. Texas 10,000 1,000 100 Number of patients 2023 35,500 Texas patients traveled Wash. N.Y. Mass. Change in abortions by state State Abortions 2023 Change from 2019 Nonresident share Wyo.

Persons: Roe, Wade, Nev, S.C, W.Va Calif, “, ”, —, Amy Hagstrom Miller, “ We’re, John Seago, “ We’ve, Mia, Uber, Hagstrom Miller, Kelly Baden, Allison Cowett, Megan Jeyifo, Kelly Flynn Organizations: Nev . N.J ., Ind . Utah Colo, N.Y ., Ind . Utah W.Va, Guttmacher Institute Orange, La . Texas Fla, Md . Utah W.Va Colo, D.C, Alaska, W.Va, La . Texas, Ind . Utah D.C, La . Texas Texas, New York City, Texas Fla, Midwest, Mich . Iowa Ohio, ., Illinois Wis ., Illinois Wis . Iowa Ill, Guttmacher Institute, Republicans, Kan, Colo, Ill, Del, Utah, Hawaii, Iowa, Ohio, Maine, Family Planning, Chicago Abortion, N.Y, Tenn, California S.C Locations: Alaska, N.D, Hawaii Minn, Ore, N.Y, Idaho Wis, S.D . Mich, Pa, Nev . N.J, Nev . N.J . Ohio, Ill, Ind . Utah, W.Va Md, Calif, Kan . Va, Mo, Ky, N.C, Tenn, Ariz, ., N.M . Ala . Miss ., La . Texas Fla, N.Y . Idaho, S.D . Wis, Mich, Ind . Utah W.Va Md, Colo, Kan, Mo . Va . Ky, S.C . Ala . Miss ., Texas, New Mexico, Southern, Illinois, South Carolina, Georgia, North Carolina, Nev . N.J . Ohio Md, La . Texas, Alaska Wash . Maine, Minn, Mass, Wis, S.D . Idaho Mich, Wyo, Pa . Iowa, . Ohio Ind, Md . Utah, Va, Mo . Calif, Okla, S.C . Miss ., Ala, Hawaii, N.Y Idaho, La, Fla, N.Y Idaho Wis, Nev . Ohio Md, W.Va Colo . Va, N.M . Ala, Alaska Alaska, Wash . Maine, . Idaho, Nev Nev, N.J, Neb ., . Ohio Ohio, Ind, Ind . Utah Md . Utah, Kan . Va . Calif, S.C . Miss . Ala . Miss ., La . Texas Texas Fla, Wisconsin, Columbus , Ga, New York, ” Texas, Pa . N.J, Nev . Md, Colo . Va, N.M . Ga, N.M . Texas, Mich . Iowa, Okla ., Illinois Wis, Illinois Wis . Iowa, Miss . Texas, Maryland , Minnesota, Virginia, Conn, Houston, Albuquerque, States, ” Illinois, Chicago, N.Y Pa . N.J, Md, Va . N.C, California, Ala . Miss, . Pa . Md, Miss . Ala, Florida , Georgia, Florida, state’s, Florida , North Carolina

☆ Anthony Michael Hall on His Best Movie Roles: 'Breakfast Club,' 'Sixteen Candles' & More
▼ + stars: | 2024-06-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +14 min

On doing 10 auditions for 'Sixteen Candles' and casting John Cusack himselfJohn Cusack, Hall, and Darren Harris in "Sixteen Candles." Is it true that you were the one who cast John Cusack for the role of Bryce, one of Ted's geek friends? I remember John was doing post-production on "Sixteen Candles," and he wanted to show it to me. This is six or eight months later because he did "Sixteen Candles," "The Breakfast Club," and "Weird Science" consecutively. On Christopher Nolan's on-set uniform and developing a 'Succession'-like TV series with Robert Downey Jr.(L-R) Roberty Downey Jr. and Anthony Michael Hall.

Persons: Anthony Michael Hall, Chase, John Candy, John Hughes, Hall, Bill Gates, Christopher Nolan's, Michael Myers, Jessica Alba's, Stanley Kubrick's, Robert Downey Jr, John Candy Anthony Michael Hall, I'm, Eugene Levy, Michael, Uncle Buck, John Cusack, Darren Harris, Ted, Jackie Burch, John, Bryce, Ally Sheedy, Judd Nelson, Emilio Estevez, Molly Ringwald, Ilan Mitchell, Smith, Hughes, Ferris, Chateau Marmont, Mike Tyson, —, I'd, Tim Burton, Edward Scissorhands, Matthew Modine, Davis, Stanley Kubrick, Kubrick's, Kubrick, that's, Chaplin, Winona Ryder, Fox, Jim, Tim Burton's, Tim, Walt Disney, Roberty Downey, Eric Charbonneau, WireImage, Christopher Nolan, Burton, Nolan, it's, Downey, It's, he's, You've, I've Organizations: Business, Netflix, Warner Bros, Hall, Columbia Locations: Hollywood, Silicon Valley, Polish, New York, Manhattan, Beverly Hills, Tampa

☆ Maintenance and repair costs can be an unwelcomed surprise for first-time homeowners. Here are some ways to avoid bill shock
▼ + stars: | 2024-06-13 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

Experts say the "hidden costs" of owning a home, especially repairs and maintenance, can come as a shock for homeowners. Based on that calculation, Bankrate estimated, annual maintenance costs in some of the states with the highest home prices — like California, Hawaii and Massachusetts — can go over $26,000 annually. Keep your 'critical eye' as a homeownerOnce you become a homeowner, it will be important to keep up with routine maintenance in your house. To avoid surprises, try to regularly inspect your home and look for spots or corners that may need to be fixed. While homeowners are "the most critical" of a house when they're buying, they often don't keep the "critical eye" after moving in, said Hicks.

Persons: Alex Marrero, " Marrero, expats, Marrero, Angi.com, they're, Angie Hicks, Bankrate.com, Massachusetts —, you've, Jeff Ostrowski, Hicks, Dan Bawden, That's, Bawden, Tom Grill Organizations: Finance, Bankrate.com, CNBC, National Association of Realtors, Legal Eagle Contractors, Co Locations: Coral Springs , Florida, California, Hawaii, Massachusetts, Kentucky, Bellaire , Texas

☆ Adobe shares soar 15% on better-than-expected results
▼ + stars: | 2024-06-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Analysts polled by LSEG were looking for $4.48 in adjusted earnings per share and $5.4 billion in revenue. Adobe bumped up its full-year view, calling for full-year adjusted earnings per share between $18.00 and $18.20 and revenue of $21.40 billion to $21.50 billion. The forecast in March was $17.60 to $18.00 in adjusted earnings per share, with $21.30 billion to $21.50 billion in revenue. In recent weeks software peers SentinelOne, UiPath, Veeva reduced their full-year revenue guidance citing economic weakness and corporate interest in artificial intelligence development. During the quarter, Adobe announced the availability of a service for fine-tuning the company's Firefly generative artificial intelligence models to deliver image content consistent with clients' brand guidelines.

Persons: Shantanu Narayen, Jim Cramer Adobe, LSEG, SentinelOne, Veeva Organizations: Adobe

☆ Opinion: The G7 ‘family photo’ of world leaders tells a bigger story
▼ + stars: | 2024-06-13 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +9 min

CNN —The annual G7 summit, a gathering of leaders of some of the world’s wealthiest democracies, used to be a staid, predictable affair. Tensions were about to explode in 2018, when G7 leaders met in Canada. Behind the smiles and waves, a fraught 2018 G7 summit in Canada. German Chancellor Angela Merkel deliberates with US president Donald Trump on the sidelines of the 2018 G7 summit in Canada. German Chancellor Angela Merkel chats with a relaxed US President Barack Obama outside during the 2015 G7 summit in southern Germany.

Persons: Frida Ghitis, Read, Joe Biden, Pope Francis, Volodymyr Zelensky –, —, Donald Trump, Justin Trudeau, Cole Burston, Trump, Angela Merkel, Merkel, Angela Merkel deliberates, Jesco Denzel, Barack Obama, Michael Kappeler, George W, Bush, backrub, Vladimir Putin, Putin, Covid, ” Biden, ” Macron, Boris Johnson, Ludovic Marin, Biden, Emmanuel Macron’s, autocrats, Lady Melania Trump, Trudeau, Andrew Parsons, Giorgia Meloni, ” Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, European Council, Canadian, Bloomberg, Trump, Getty, Deutschland, Kremlin, Parliamentary, United, Brothers Locations: Puglia, Italy, Canada, France, Germany, Japan, Bavarian, AFP, St Petersburg, Russia, Russian, St . Petersburg, Handout, Crimean, Washington, United States, British, Ukraine, Biarritz, Italian, Europe

Beyond Wonderland 2024 festival scheduleFive different ticket options are available for Beyond Wonderland at The Gorge. Resale tickets are generally comparable to or slightly cheaper than original tickets. Tickets to Beyond Wonderland at The Gorge 2024 are also available through verified ticket resale vendors like Vivid Seats and StubHub. Resale tickets for Saturday, June 22, begin at $142 on StubHub, with Vivid Seats offering similar prices starting at $164. Prices for two-day (Saturday and Sunday) original tickets for Beyond Wonderland at The Gorge 2024 jump up quite a bit from single-day passes.

Persons: We've, George, There's, Alex Bosi, Alison Wonderland, Cherry, Grayson Rose, Marten Horger, Max Styler, Miss Dre, Pauline Herr, AC Slater, Andy C, Dillon Francis, Dombresky, Gene Farris, Haylee Wood, Jessica Audiffred, Josh Butler, Sam Divine, Shiba, Sullivan King, Zedd Organizations: Business, Insomnia, Tea Party, George, Vivid, Sunday, Adventure, Lines, Discovery, Insomniac Records, Diesel, Shiba San B@B CID Locations: Southern California, West Coast, Southern, Northern California, Eastern Washington, WA, George, Hyperfunk

☆ Soccer union launches legal action against FIFA over fixture congestion
▼ + stars: | 2024-06-13 | by ( Sammy Mncwabe | Samuel Joseph | ) edition.cnn.com time to read: +5 min

CNN —FIFA is facing a legal challenge over the world governing body’s “unilateral” decision to set the international match calendar – notably an expanded 32-team FIFA Club World Cup – unions representing soccer players said in a statement on Thursday. CNN has reached out to FIFA for comment on the legal action. As their union, we have a duty to intervene and to enforce their legal rights as employees. Manchester City lift the Club World Cup trophy in 2023 - the competition is set to expand from seven teams to 32 in 2025. Francois Nel/Getty ImagesIn addition to the larger Club World Cup, all three European club competitions will be expanded to 36 teams for the 2024/2025 season.

Persons: –, ”, David Terrier, “ It’s, Maheta Molango, “, Molango, Gianni Infantino, ” Infantino, Francois Nel, Vinícius Júnior, Ballon d’Or, Ronaldinho, Vinícius Jr, Jude Bellingham, Wayne Rooney –, David Beckham Organizations: CNN, FIFA, FIFA Club, English, ’ Association, des, FIFPRO, European Court of Justice, of Fundamental, Commerce, PFA, World League, of Football, FIFA Congress, Manchester City, Champions League, Europa League, Conference League, Manchester United Locations: FIFPRO Europe, Europe, United States, Brussels, FIFPRO, Bangkok, Manchester, Real Madrid, Brazil, Madrid, England, Bellingham

☆ I thought I'd have to get my driver's license to move out of NYC until I visited this car-free neighborhood in Arizona
▼ + stars: | 2024-06-13 | by ( Joey Hadden | ) www.businessinsider.com time to read: +5 min

There are plenty of ways to get around without a license, from efficient public transportation systems to walkable neighborhoods and ride-share apps. The anxiety ate away at me until a recent trip to Arizona, where I visited a car-free neighborhood in Tempe called Culdesac. Joey Hadden/Business InsiderCuldesac opened in 2023 and currently has 172 units and 200 residents, a company representative told Business Insider. Joey Hadden/Business InsiderBiehl expressed that while the block is walkable, surrounding streets are not. AdvertisementPerhaps if I move to this Arizona neighborhood, I may never have to get my driver's license.

Persons: —, I've, Joey Hadden, Culdesac, Ryan Johnson, Brad Biehl, Biehl, Joe's, Tempe Mayor Corey Woods Organizations: Service, Business, Apple, Retailers, Residents, Safeway, Tempe Mayor Locations: Arizona, Tempe, Culdesac, Phoenix, Mesa, New York

☆ Goldman sees price wars coming to restaurants and gives 6 stocks that can still thrive
▼ + stars: | 2024-06-13 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

But only a few restaurant brands that can hold on to their pricing will be able to come out on top, the firm said. Six popular stocks in the group were each given a buy rating: Chipotle , Domino's Pizza , Restaurant Brands International , Starbucks , Sweetgreen and Shake Shack . Cho placed a neutral rating on McDonald's , Yum Brands and Wingstop and a sell on Jack in the Box and Wendy's . The bank is also bullish on Restaurant Brands, owner of Burger King and Popeye's, which Cho noted is undergoing a business transformation. Another restaurant Goldman is bullish on is Domino's Pizza, which Cho believes has numerous catalysts that could lift the stock, including a newly revamped rewards program and an Uber Eats expansion.

Persons: Goldman Sachs, Christine Cho, Cho, Goldman, Chipotle, Wednesday's, Burger Organizations: Brands, Starbucks, Yum Brands, Restaurant Brands

☆ The tech momentum trade that's pushing stocks to records can last a lot longer, Jeremy Siegel says
▼ + stars: | 2024-06-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The tech momentum trade driving market gains is likely to continue, says WisdomTree's Jeremy Siegel. AdvertisementThe tech momentum trade that has powered the stock market higher over the past year-and-a-half is likely to continue on for a lot longer than most expect, according to WisdomTree economist Jeremy Siegel. "I think that momentum trade on the tech and AI-related is still there. It takes a lot of bad news to break a momentum trade and we just haven't gotten it," Siegel said. "My forecast for three to five years on the entire stock market is 5% after inflation rate of returns.

Persons: WisdomTree's Jeremy Siegel, Siegel, —, Jeremy Siegel, Carson Group's, Wharton …, overvalued Organizations: Service, CNBC, Nvidia, Broadcom, it's

☆ Disney and DeSantis Reach Agreement, Ending Protracted Fight
▼ + stars: | 2024-06-12 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

Disney and Gov. Ron DeSantis of Florida have finally ended their feud, clearing the way for $17 billion in planned development at Walt Disney World near Orlando. On Wednesday night, the Central Florida Tourism Oversight District — an entity that Mr. DeSantis took over in 2022, ending 55 years of Disney control and sparking multiple lawsuits — gave the company a big part of what it wanted all along: a locked-in, long-term plan for expanding Disney World. At least for the next 15 years, the length of the new agreement, Disney can develop the resort without worrying about interference by Florida politicians. Put bluntly, state leaders can no longer use growth at the 25,000-acre resort as a political weapon, as Mr. DeSantis did two years ago after Disney said it would fight to repeal a state education law that opponents called anti-gay.

Persons: Ron DeSantis, DeSantis, —, Disney, Jeff Vahle Organizations: Disney, Walt Disney, Central Locations: Florida, Orlando, Central Florida

☆ What to Watch as the Fed Meets
▼ + stars: | 2024-06-12 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Central bankers have held rates at 5.3 percent since July after a rapid series of increases starting in early 2022. Policymakers came into 2024 expecting to lower rates several times, but inflation has proved surprisingly stubborn, delaying those reductions. At the conclusion of their two-day meeting on Wednesday, Fed officials will release economic projections for the first time since March, updating how many rate cuts they expect this year. Regardless, central bankers are likely to remain coy about an important question: Just when will they begin lowering borrowing costs? Given that, officials are likely to try to keep their options open.

Organizations: Federal, coy

☆ Ernest Shackleton’s ‘last ship’ Quest found on ocean floor
▼ + stars: | 2024-06-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

CNN —Shipwreck hunters have found the vessel Quest — once captained by renowned Antarctic explorer Ernest Shackleton — largely intact on the ocean floor, 15 nautical miles off the coast of Canada, the Royal Canadian Geographical Society has announced. Quest carries not only the history of his voyages, but potentially artifacts from expeditions that continued until 1962, when the vessel sank, experts say. Quest sank on May 5, 1962, after being crushed by ice in the Labrador Sea off of Canada, according to the news release. The Quest sank on May 5, 1962, after being crushed by ice in the Labrador Sea off of Canada. “He’s just an excellent example of a leader who made himself and his team capable of making the impossible possible.”It is noteworthy that a handful of men on Shackleton’s Quest expedition were also on Endurance’s expedition turned survival mission, Koehn said.

Persons: —, Ernest Shackleton —, Shackleton, Sir Ernest Shackleton, ”, John Geiger, “ Shackleton, David Mearns, Quest, Ernest Shackleton, ” Geiger, Mearns, “, Ernest Shackleton’s, Nancy Koehn, “ He’s, Koehn, we’re Organizations: CNN, Royal Canadian Geographical Society, Quest, South Atlantic, Central Press, Hulton, Harvard Business School Locations: Canada, Antarctica, Georgia, South, Rowett, Cape Town, South Africa, London, Norwegian, Labrador, Weddell, South Georgia

☆ Disney and DeSantis-backed board ‘come to their senses’ in new agreement
▼ + stars: | 2024-06-12 | by ( Natasha Chen | ) edition.cnn.com time to read: +7 min

“Walt Disney World is inextricably intertwined in the fabric of the state of Florida. And the success of Walt Disney World is the success of Central Florida, and vice versa,” he said. The Disney World resort is currently home to four theme parks and two water parks. It’s been 26 years since Disney has opened a new theme park in Florida,” said Dennis Speigel, owner and founder of International Theme Park Services, a global consultant for theme park projects. Orlando is the Mecca of the theme park industry, and for it to function, Disney and Florida have to function together.”

Persons: Disney, Ron DeSantis, “, ”, Aubrey Jewett, Brian Aungst Jr, Walt, Jeff Vahle, CFTOD, It’s, Dennis Speigel, DeSantis, Bob Chapek, Walt Disney, ” Jewett, Reedy, Jewett, Speigel Organizations: CNN, Disney, Walt Disney, University of Central, Walt Disney World, Walt, World, Park, Universal, Improvement, ” Locations: Florida, Central Florida, University of Central Florida, Reedy, Disney, Orlando, Mecca

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