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After eight devastating months of war, Muslims in Gaza on Sunday will mark a somber Eid al-Adha, a major religious holiday usually celebrated by sharing meat among friends, family and the needy. Adha means sacrifice, and the ritual killing of a sheep, goat or cow on the day is meant as a symbol of the prophet Abraham’s willingness to sacrifice his son. Hunger has gripped the Palestinian territory as Israel has unleashed an eight-month military offensive on the enclave and severely restricted what is allowed to enter, including humanitarian aid. “There won’t be any Eid, nor any Eid atmosphere,” said Zaina Kamuni, who was living with her family in a tent on a sandy expanse of land in southern Gaza called Al-Mawasi. “I haven’t eaten any meat in five months.”“It will be a day like any other day, just like Eid al-Fitr,” she added, referring to the other major Muslim holiday, which Gazans observed more than two months ago under the same conditions.
Persons: , Zaina Kamuni, Gazans Locations: Gaza, Israel, Al
CNN —England are off to a winning start in their Euro 2024 campaign, after defeating Serbia 1-0 in the Group C clash at Arena AufSchalke in Gelsenkirchen, Germany. Jude Bellingham opened the scoring for the Three Lions, rushing into the box and heading in a deflected Bukayo Saka cross for the goal in the 13th minute. According to UEFA, since a 2-1 defeat to France at EURO 2004, the Three Lions are unbeaten in eight matches in the competition after leading at halftime, winning six matches and drawing two. England moves atop Group C with the victory, and an earlier 1-1 draw by Denmark and Slovenia. England will next play against Denmark on Thursday, while Serbia will face Slovenia on the same day.
Persons: Jude Bellingham, , Jude, , Wayne Rooney, Michael Owen, Harry Kane, Predrag Rajković Organizations: CNN, Serbia, AufSchalke, Three Lions, England, UEFA, Lions, Denmark Locations: England, Gelsenkirchen, Germany, Bellingham, Serbia, France, Denmark, Slovenia
Rentokil offers a complete range of pest control services, from rodents to flying and crawling insects, to other forms of wildlife management. Trian, managed by Nelson Peltz, takes very few positions, but is very active in its positions. Rentokil Initial is a United Kingdom-based global provider of pest control, hygiene and well-being services for residential, commercial and industrial customers. However, when it has engaged with UK companies, the firm has consistently been able to create shareholder value. Shifting the listing to the U.S. is the low-hanging fruit of value creation and potentially divesting the European business could create additional value.
Persons: It's, Trian, Nelson Peltz, Peltz, Rentokil, Janus Henderson, Ferguson, Ecolab, Rio, Pearson, Ken Squire Organizations: Rentokil's, Unilever, Ferguson, New York Stock Exchange, Rollins, Janus, 13D Locations: United Kingdom, North America, Europe, Saharan Africa, France, U.S, Pentair, London, Rio Tinto, New York
As the field of stocks that both serve artificial intelligence data centers and have outperformed the rest of the market grows, Morgan Stanley is changing its approach in a search for value. All of the stocks included are rated overweight at Morgan Stanley. Morgan Stanley upgraded Ciena Corporation to overweight as part of the note and in concert with its GVAT model. NVDA YTD mountain Nvidia stock. Other names on the Morgan Stanley list include Broadcom and Taiwan Semiconductor Manufacturing .
Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Nvidia, Wall, Ciena Corporation, Broadcom, Taiwan Semiconductor Manufacturing
Even hours later, few people could agree on what, exactly, former President Donald J. Trump said about Milwaukee when he met with House Republicans in Washington on Thursday. According to various people in the room, Mr. Trump, during his meeting with House members at the Capitol Hill Club, complained that the pop music megastar Taylor Swift would support President Biden over him. Mr. Trump has previously argued that Ms. Swift, who endorsed Mr. Biden in 2020 but has not done so this year, should back him instead. One of Ms. Pelosi’s daughters pushed back on social media, calling Mr. Trump’s reported remark a lie.
Persons: Donald J, Trump, megastar Taylor Swift, Biden, Swift, Mr, Nancy Pelosi’s, Pelosi’s, Trump’s Organizations: Milwaukee, House Republicans, Capitol, Capitol Hill Locations: Washington
Republican presidential candidate, former U.S. President Donald Trump speaks during his campaign rally at Sunset Park on June 09, 2024 in Las Vegas, Nevada. Donald Trump on Thursday brought up the idea of imposing an "all tariff policy" that would ultimately enable the U.S. to get rid of the income tax, sources in a private meeting with the Republican presidential candidate told CNBC. Trump in a Truth Social post later Thursday morning said there was "lots discussed, all positive" in the meeting, without providing any more details. Trump's remark about replacing income taxes with tariffs quickly drew critics. Trump was later impeached in the House for inciting the violent mob that stormed the Capitol and temporarily halted the peaceful transfer of presidential power.
Persons: Donald Trump, Trump, Joe Biden, Spokespeople, David Kamin, Catherine Rampell Organizations: Republican, CNBC, Trump, GOP, Capitol Hill Club, Washington , D.C, New York University School of Law, Washington Post, Capitol, U.S, Biden Locations: Las Vegas , Nevada, Washington ,
Read preview"Pharma bro" Martin Shkreli has been accused in a lawsuit of making and sharing copies of a supposedly one-of-a-kind Wu-Tang Clan album before he sold it for $4.75 million. The Wu-Tang Clan album that was forfeited by Martin Shkreli, in a handout photo dated July 2021. UNITED STATES MARSHALS SERVICE/ReutersBut it went on to describe multiple alleged examples of Shkreli either playing the album on livestreams or bragging about how many copies he has. During one livestream, during which he is alleged to have played the album, Shkreli said, per the lawsuit: "Of course I made MP3 copies, they're like hidden in safes all around the world." In other comments cited in the lawsuit, Shkreli suggested he'd "sold" copies and that more than 5,000 people had copies.
Persons: , bro, Martin Shkreli, Wu, Tang, Shkreli, Wu - Tang Clan, PleasrDAO, he's Organizations: Service, Business, Wu -, Guardian, UNITED STATES, SERVICE
The fight over Elon Musk’s pay package and the vote over whether to move Tesla’s headquarters to Texas have been the main focus of attention ahead of the company’s shareholders meeting on Thursday, but not for investors from Nordic countries. Tesla’s major shareholders in Sweden, Denmark and Norway are instead looking to the meeting to bring the issue of labor rights at the automaker to the fore. Behind the campaign is the strike of Tesla’s mechanics in Sweden. Now stretching into its sixth month, the dispute has drawn in unions from across the region that have joined in blockades aimed at bringing the U.S. carmaker to the negotiating table to reach a collective agreement with its Swedish workers. Several of the biggest shareholders in the Nordic countries are urging others to back a proposal that would require Tesla to respect the right of workers to assemble.
Persons: carmaker, Tesla Organizations: Elon, U.S Locations: Texas, Sweden, Denmark, Norway
It's always sunny at Business Insider when "Welcome to Wrexham" star Rob McElhenney is around. In today's big story, we're looking at the drama between Tesla shareholders over Elon Musk's bumper pay package that gets decided on today . As funny as that sounds, the battle over Elon Musk's pay package is no joke. One longtime Tesla investor said the EV maker is " kind of the bottom of the pecking pole of Elon's companies ." Vote here on if you're for or against Musk's pay package .
Persons: , Rob McElhenney, Elon, Apu Gomes, Chelsea Jia Feng, Insider's Grace Kay, they're, he's, Brooks Kraft, Musk, it's, Gwynne Shotwell, Somodevilla, Blackstone, Dan Ives, Araya Doheny, Patrick Fallon, Jenny Chang, Rodriguez, Henrik, Fisker, VCs, that's, whittle, Mark Zuckerberg, de Haro, Gen Zers, Mike Verdu, Slack, Brad Smith, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Elon, Getty, Retail, Brooks Kraft LLC, Nvidia, Tesla, Wall, SpaceX, Federal Reserve, Big Apple, Apple, Microsoft, BI, Adobe Locations: Wrexham, Delaware, Tesla, Manhattan, New York, London
Sony Pictures is buying Alamo Drafthouse theater chain
  + stars: | 2024-06-12 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +2 min
Sony Pictures has acquired Alamo Drafthouse, the seventh-largest movie theater chain in North America, the company announced Wednesday. Alamo Drafthouse CEO Michael Kustermann will remain at the helm of the dine-in movie theater chain and will report to Ravi Ahuja, president and CEO of the newly formed Sony Pictures Experiences division. The company's 35 cinemas will continue to be operated by Alamo Drafthouse and its headquarters will remain in Austin, Texas. The acquisition comes after Alamo Drafthouse filed for Chapter 11 bankruptcy protection in 2021 due to Covid-19 pandemic disruptions. "We are excited to make history with Sony Pictures Entertainment and have found the right home and partner for Alamo Drafthouse Cinema," said Kustermann.
Persons: Walter Reade, Michael Kustermann, Ravi Ahuja, Alamo Drafthouse, Ahuja, Tim League Organizations: Sony Pictures, Alamo, Department, Paramount, Warner Bros, Century Fox, MGM, Universal, United Artists, Columbia Pictures, Sony, Walter Reade Organization, Lowes, Disney, El Capitan Theatre, Netflix, Egyptian, New York's, Altamont Capital Partners, Fortress Investment Group, Sony Pictures Entertainment Locations: North America, Columbia, New York's Paris, Austin , Texas, Texas
Hong Kong/Seoul CNN —Three varieties of “fire chicken” instant ramen noodles popularized by a viral internet challenge have been recalled in Denmark after they were deemed to be too spicy. The level of capsaicin found in Buldak Hot Chicken Ramen 3x Spicy, Buldak Hot Chicken Ramen 2x Spicy and Hot Chicken Stew was so high that it could poison consumers, the Danish Veterinary and Food Administration said in a statement issued Tuesday. South Korean noodle giant Samyang, which developed the ramen, said on Wednesday that the products were not being recalled because of quality issues. Buldak, which means “fire chicken” in Korean, was developed by Samyang’s chief executive, Kim Jung-soo, a housewife who married into the family business and eventually took over. According to taste testers, the original buldak ramen scored around 4,000 on the Scoville scale, which is roughly equivalent to the heat of jalapeños.
Persons: Stew, , they’ve, Samyang, Kim Jung, Cardi Organizations: Seoul CNN, Danish Veterinary, Food Administration, CNN, NICE, Service, Wall Street, Locations: Hong Kong, Seoul, Denmark, Danish, Japan, Asia
He appeared to justify the deaths of Palestinian civilians as a “necessary sacrifice” according to the messages. In recent weeks, Ireland, Spain, Norway and Portugal, all frustrated Netanyahu won’t agree a peace deal, have formally recognized Palestinian statehood. The war Sinwar started has taken Palestinian suffering to the next level – and Netanyahu has played right into it. Sinwar’s power amid the war seems to be becoming part of the perceived wisdom about Gaza and the war. And if past experience is any measure, he will likely gamble that he can play mind games better than Netanyahu.
Persons: CNN — Yahya Sinwar, , Benjamin Netanyahu, Sinwar, Israel, Netanyahu, hasn’t, they’d, they’ve, Biden, Netanyahu won’t, belligerence, Antony Blinken, , Sinn Fein Organizations: CNN, Israel, Wall Street, ICC, Hamas, Democratic, Northern Locations: Israel, United States, Europe, Gaza, Palestinian, Saudi Arabia, Ireland, Spain, Norway, Portugal, Rafah, Doha, Iran, Turkey
CNN —Four Fox Corporation board members have been subpoenaed in voting technology company Smartmatic’s $2.7 billion defamation lawsuit against Fox News over its airing of 2020 election lies, alleging executives at the right-wing cable channel’s parent company knew it was spreading false claims. In a court filing Monday, Smartmatic subpoenaed the four board members — Anne Dias, Charles Carey, Roland Hernandez, Jacques Nasser — over Fox News’s repeated airing of bogus conspiracy theories that the 2020 election was stolen from former President Donald Trump. “Smartmatic plans to pursue Fox’s board members as well to determine why they allowed the company’s most valuable asset, Fox News, to spread disinformation about the 2020 election.”New York Judge David Cohen had previously ordered Fox Corporation to turn over documents related to the board members in the case. Rupert Murdoch, the right-wing media mogul who founded Fox Corporation, the parent company of Fox News, was also deposed late last year. Fox News has previously denied defaming anyone and claimed that Smartmatic’s lawsuit is an assault on the First Amendment.
Persons: Smartmatic, — Anne Dias, Charles Carey, Roland Hernandez, Jacques Nasser —, Fox News’s, Donald Trump, Rupert, Lachlan Murdoch, , Erik Connolly, “ Smartmatic, David Cohen, Rupert Murdoch, , Lachlan Murdoch’s, Cohen, Murdoch, Joe Biden Organizations: CNN, Four Fox Corporation, Fox News, Fox, , Fox Corporation, New York State, Dominion Voting Systems Locations: New York
That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.
Persons: Emmanuel Macron, , we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin
NEW YORK, NEW YORK - JUNE 09: Virat Kohli and Mohammed Siraj of India celebrates following the team's victory in the ICC Men's T20 Cricket World Cup West Indies & USA 2024 match between India and Pakistan at Nassau County International Cricket Stadium on June 09, 2024 in New York, New York. (Photo by Alex Davidson-ICC/ICC via Getty Images)India dealt a cruel blow to rivals Pakistan's T20 World Cup hopes with a thrilling six-run victory in New York. However, the Pakistan batting attack fell apart under the pressure and from 72-2 were reduced to 88-5 themselves, unable to find big boundaries in the final overs to seal a big win. In Group A, India now sit top of the table, with USA in second. Pakistan are now in fourth and are yet to pick up a win.
Persons: Virat Kohli, Mohammed Siraj, Alex Davidson, Jasprit, Pandya, Bumrah, Mohammad Rizwan, Naseem Shah, Haris Rauf, Mohammad Amir, Babar Azam, Suryakumar Yadav, Usman Khan Organizations: NEW, ICC, West Indies, Nassau County International Cricket, Getty Images, Pakistan, USA Locations: India, Pakistan, New York , New York, New York
Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. Copy LinkTwitter LinkedIn icon LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. Twitter LinkedIn icon LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link.
Nvidia could one day dominate the U.S. stock market benchmark S & P 500 by a magnitude that has never been seen before, more than doubling the influence of past leaders like Apple and Nokia, along with current leader Microsoft. "History suggests NVDA could become 10-15% of S & P 500," wrote chip analyst Mark Lipacis in a note Friday. "We have observed that at each successive computing era, the ecosystem players represent a larger weighting of the S & P 500." Nvidia is already doing most of the heavy lifting for the S & P 500. The chipmaker is responsible for about 37% of the S & P 500's year-to-date 12% return.
Persons: Mark Lipacis, that's, Lipacis Organizations: Nvidia, Apple, Nokia, Microsoft, Evercore, Jefferies, Digital Equipment Corporation, Compaq
And no product is more important to Apple than the iPhone. New AI features that provide a compelling reason to upgrade when Apple rolls out the iPhone 16 in the fall could boost the company at a crucial time. Here’s the thing: No matter how Monday goes, Apple isn’t losing its status as a tech powerhouse anytime soon. The latter scenario — assuming the features are compelling — could spur the next major iPhone upgrade cycle and have ripple effects for the entire company. “That’s the key: if it’s compelling and not backward-compatible, Apple will have the first upgrade cycle in four years,” Luria said.
Persons: they’ve, Apple isn’t, D.A, Davidson, Gil Luria, Gadjo Sevilla, , Siri, Luria, ” Luria Organizations: New, New York CNN, Apple, CNN, , Nvidia, Microsoft, eMarketer, iOS, Samsung Locations: New York, China, WWDC
I tested the Shark Matrix Plus in my 1,650-square-foot home over the course of six months. Read on for my full experience testing the Shark Matrix Plus 2-in-1 Robot Vacuum. Lauren Savoie/Business InsiderThe Shark Matrix Plus 2-in-1 Robot Vacuum has four main components: the robot, its self-emptying docking base, a vacuum attachment, and a mopping attachment. I notice a significant difference in how the carpeting looks after a 15-minute standard clean versus a 45-minute Matrix clean. AdvertisementThe bottom lineI've been using the Shark Matrix Plus for weekly cleanings for nearly a year now.
Persons: vacuums, Lauren Savoie, I've, Rosie, It's, I'm, it'll, it's, We've, We're Organizations: Business, Brands, Omni
Paris CNN —President Joe Biden heralded the close ties between the United States and France on Saturday, calling his current visit “the most remarkable trip” that he’s made to the country as French President Emmanuel Macron hosted his US counterpart for an official state visit in Paris. “When we stand as one, our countries are stronger and literally, the world is safer,” Biden said during a state dinner later Saturday. Macron is returning the favor to Biden, who hosted the French president for a state visit at the White House in December 2022, the administration’s first. France, Biden said, “was our first friend. “One of the things the president respects and admires about President Macron is he’s as honest and forthright as President Joe Biden is.
Persons: Joe Biden, he’s, Emmanuel Macron, ” Biden, Macron, Brigitte Macron, Biden, Jill Biden, Banner ”, , Grace, , Macrons, Evan Vucci, Donald Trump, ’ ” Biden, , Volodymyr Zelensky, Vladimir, Putin, Ukraine – it’s, Benjamin Netanyahu, Yahya Sinwar, John Kirby, Kirby, ” Kirby, CNN’s Kayla Tausche, Xiaofei Xu Organizations: Paris CNN, Macron, Champs, AP, French, White House, US, Independence, Ukraine –, Western, Ministry, Israeli, Saturday, Australia, , National Security Locations: United States, France, Paris, , Élysée, Ukraine, Israel, Triomphe, We’re, America, New York City, Europe, Gaza, , Washington
Starbucks filed eight new trademark applications in Russia, according to reports. The company exited Russia in 2022 after it launched its full-scale invasion of Ukraine. AdvertisementStarbucks has filed multiple trademark patents in Russia in an apparent attempt to protect its brand there, according to reports. The coffee chain submitted eight new trademark applications on Russia's federal intellectual property service, Russian business news outlet Vedomosti reported. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Starbucks, Service, Kyiv Post, Business Locations: Russia, Ukraine, Kyiv
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe record market rally has stalled in recent weeks, just as skeptics of stocks became believers. Advertisement9 stocks to put in your portfolio nowAlthough the market's path forward is murky with the pivotal US election season coming up, investors shouldn't fret. A team of BMO strategists headlined by Belski unveiled their latest US strategy portfolios in a June 3 note. For reference, the US tactical equity portfolio surged 4.9% last month, roughly in line with the S&P 500, and has outperformed by 0.9% this year and 2.8% in the last 12 months.
Persons: , Brian Belski, hasn't, Ed Clissold, Ned Davis, he's, David Lundgren, Belski Organizations: Service, BMO Capital Markets, UBS, Business, Ned, Ned Davis Research, BMO, Microsoft, Netflix, Nvidia Locations: Montreal, BMO's US
Investors should position themselves defensively as the S & P 500 could drop about 10% before the end of September, according to Stifel Financial. That would mark a more than 10% decline from where the S & P 500 finished Monday's trading session. The S & P 500 closed out 2023 at about 4,770. That can, in turn, push the S & P 500 price-to-earnings multiple down by about two points, weighing on the stock market. Discounted for inflation, the S & P 500 is slightly below where it was about two and a half years ago.
Persons: Barry Bannister, Bannister Organizations: Financial, Central, Federal Reserve, Federal
New York CNN —Logan Paul’s Prime drink has some new competition in the form of the G.O.A.T. And the drink is also a new foray into non-alcoholic drinks for Mark Anthony Brands, as Americans consume less alcohol. Más+ by Messi is a low-sugar drink containing electrolytes and vitamins without artificial sweeteners, colors or caffeine. Hydration and energy drinks are projected to be a $60 billion market by 2032, growing roughly 6% annually, according to Precedence Research. “Gen Alpha is up for grabs, and that is who these new generation energy drinks are aiming to capture especially as they enter teenage years.”
Persons: New York CNN — Logan, Lionel Messi, White, Mark Anthony Brands, Messi, Miami Punch, Ballon, Seltzer, Andrea Hernández, , , ” Hernández, Alpha Organizations: New, New York CNN, Soccer, Paul’s, Gatorade, Miami, Inter Miami, Orange, Major League Soccer, Messi, Beverage Co, Research, BodyArmor, CNN Locations: New York, Miami, America
We have discovered the earliest evidence of fresh water and representative evidence for dry land above the sea,” he added. The research indicates that the Earth’s water cycle — when water moves between land, oceans and atmosphere through evaporation and precipitation — was operating at that point in time. The earliest widely agreed upon evidence of life — and fresh water — comes from stromatolites, fossilized microbes that formed mounds in hot springs 3.5 billion years ago, Gamaleldien said. Two zircon crystals showed isotopic evidence of meteoric or fresh water; one was 4 billion years old, while the other was 3.4 billion years old, he said. What’s more, land and fresh water, which likely would have fallen as rain, would have provided the essential ingredients for the origin of life, he said.
Persons: , Hamed Gamaleldien, ” Gamaleldien, Gamaleldien, … landmasses, Hugo Olierook, Hamed, , John Valley, Geochemist Beth Ann Bell, wasn’t, ” Bell Organizations: CNN, Nature, , Curtin University’s School of, Planetary Sciences, Khalifa University, United Arab, Curtin’s School of, geoscience, University of Wisconsin Locations: Australia, United Arab Emirates, Western Australia, Jack, John, Madison
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