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☆ Will 2024 bring good tidings to media and telecom companies? That's unlikely
▼ + stars: | 2023-12-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Still, legacy media companies including Disney, Paramount Global, Warner Bros. Since the "Great Netflix Correction" of 2022, there isn't a unifying growth narrative for media and entertainment companies. Disney, Paramount Global and NBCUniversal have all pegged 2025 as their flagship streaming services' first full year of profitability. Beyond financial metrics, several executives privately acknowledged morale has become an increasing concern at legacy media companies. One executive noted he's increasingly hearing from peers that running media and entertainment companies just isn't as fun as it was five or 10 years ago.

Persons: Corey Martin, Granderson Des Rochers, Martin, Jerome Powell, Liu Jie, Shari Redstone, David A, CNBC Shari Redstone, Biden, Sinclair, Lina Khan, Joe Biden, Khan, There's, John Harrison, Brian Roberts, Drew Angerer, Donald Trump, Trump, David Zaslav, Michael M, Disney, Nelson Peltz, Jay Rasulo, Bob Iger, he's, LightShed's Rich Greenfield Organizations: Universal Studios, Warner Bros . Discovery, Disney, Paramount Global, Comcast, Granderson, U.S, Federal, Washington , D.C, Xinhua News Agency, Getty, Treasury, Federal Reserve, Allen, Co . Media, Technology Conference, Grogan, CNBC, Trump, Nexstar, Gray Television, Federal Trade, Verizon, Mobile, NBCUniversal, CBS, NBC, EY, Allen & Company Sun Valley Conference, Trump's Department, Justice, Time Warner, Republican, Democratic, Netflix, Cable, Warner Bros, New York Times, Santiago, Getty Images Media, Management, Paramount Locations: Washington ,, United States, Sun Valley , Idaho, Tegna, Europe, U.S, EY Americas, New York City

In a third suit, Liza Gardner says that in 1990, Mr. Combs coerced her into sex and then, a couple of days later, choked her so hard she passed out. In a statement, Jonathan D. Davis, a lawyer for Mr. Combs, said: “The new claims against Mr. Combs for alleged misconduct from many years ago, which were filed at the last minute, are all denied and rejected by him. Because of Mr. Combs’s fame and success, he is an easy target for accusers who attempt to smear him. As news of those suits ricocheted through social media, accusations from Mr. Combs’s past were resurfaced and dissected. In a 2004 interview, Kimora Lee Simmons, the model and TV personality, said that Mr. Combs had threatened her while she was pregnant.

Persons: ”, Dan Charnas, “, Mr, Combs, Joi Dickerson, Neal, drugging, Dickerson, Ventura’s, Liza Gardner, Jonathan D, Davis, Combs’s, Sean John, Kimora Lee Simmons, Gina Huynh Organizations: Combs Global, New York Legislature, Combs Locations: New York

The government had previously estimated that the economy grew at a 4.9% annual rate last quarter. TD Economics, for example, expects growth in the October-December period to come in at a 1.8% annual rate. Private investment surged at a 10.5% annual pace, including a 6.2% increase in housing investment, which defied higher mortgage rates. Also driving the third quarter growth was an uptick in spending and investment by governments at all levels — federal, state and local. Those higher interest rates have significantly increased consumer and business borrowing costs.

Persons: —, Rubeela Farooqi, ” Organizations: WASHINGTON, Private, Federal Reserve, Organization, Economic Cooperation, Development Locations: U.S

SoFi will no longer be offering crypto trading services starting on December 19, 2023. Account Minimum $0 ($1 for fractional shares; $2,000 for margin trading) Fees 0% ($5/month for Robinhood Gold) Pros Check mark icon A check mark. Buy, sell, or store more than 170 cryptocurrencies like bitcoin and dogecoinCheck mark icon A check mark. Limited staking options Insider’s Take Coinbase is one of the best investment platforms for crypto trading, staking rewards, and crypto storage. The crypto trading app has 24/7 customer support, zero trading fees, learning rewards features, and an online storage wallet.

Persons: SoFi, eToro, Jeremy Zafiros, you'll Organizations: SoFi, Robinhood, Coinbase, Pro, USA, eToro USA, Smart, eToro Trading, eToro, Visa, Mastercard Locations: Blockchain.com, USA, New York , Minnesota , Nevada , Puerto Rico , Tennessee, Hawaii, Guam, American Samoa , Northern Marianas, There's, New York , Nevada , Puerto Rico, American Samoa, Virgin Islands, Abra

Now, hundreds of migrants from the Middle East and Africa have appeared at Finland's border from Russia, seeking entry into the Nordic country. They accuse Russia of driving the migrants to the border to sow discord as payback for Finland's membership in NATO. Finnish authorities quickly closed four checkpoints and then three more, leaving just one Arctic crossing point open for asylum-seekers. Finland also asked for help from EU border agency Frontex, which said it would send dozens of officers and equipment as reinforcements to the Finnish border. The Kremlin denies encouraging the migrants, and says it regrets the Finnish border closures.

Persons: Elina Valtonen, Petteri Orpo, Maria Zakharova, Valtonen, Russia’s, ”, Klaus Dodds, ” Dodds, Ylva Johansson, Sauli Niinistö, Alexander Lukashenko, Evika Siliņa, Siliņa, Lukashenko, Vladimir Putin, “, Geert Wilders, Orpo’s, Vanessa Gera Organizations: HELSINKI, —, NATO, Nordic, Associated Press, HOW, EU, Frontex, Russian Foreign Ministry, Royal Holloway, University of London, VU EU Home Affairs, Belarus —, Latvian, AP, Poland’s, Guard Locations: Finland, Russia, East, Africa, Syria, Yemen, Somalia, Iraq, Afghanistan, Finnish, FINLAND, Helsinki, Belarus, Europe, Moscow, Ukraine, Poland, Lithuania, Latvia, Baltic, Netherlands, Finns, Lapland, Murmansk, Warsaw

☆ It's been 2 years since the Nasdaq hit a record and it's gone nowhere since
▼ + stars: | 2023-11-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The loudest investor chatter for months has insisted the heavyweights of the Nasdaq have been everything to the market in 2023. Sunday is the second anniversary of the all-time closing high in both the Nasdaq Composite and Nasdaq 100 indexes, which remain 12% and 4 % underwater even after their monster gains in recent months. It's relatively rare for the Nasdaq 100 – the most easily investable part of the Nasdaq and the one most reflective of the mega-cap dominance – to enter a two-year downturn. Only three of the Big Seven have outperformed the Nasdaq 100 over the past two years – Apple, Nvidia and Microsoft — while Meta Platforms has kept pace and Amazon, Alphabet and Tesla have lagged. Friday showed signs of outright rotation, the Russell 2000 up 1.3% versus a flat Nasdaq 100.

Persons: Invesco, Scott Chronert, we've, I've, –, Chronert, Apple's, What's, Berkshire Hathaway, Tony Pasquariello, Goldman Sachs, Russell, disinflation Organizations: Nasdaq, Sunday, QQQ, Citi, Apple, Nvidia, Microsoft, Meta, Berkshire, Fed Locations: lockstep, Berkshire, Whereto

☆ US retail sales dip; producer prices post biggest drop in 3-1/2 years
▼ + stars: | 2023-11-15 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Economists polled by Reuters had forecast retail sales would fall 0.3%. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.2% in October. Data for September was revised up to show these so-called core retail sales rising 0.7% instead of the previously reported 0.6%. Core retail sales correspond most closely with the consumer spending component of GDP. Goods prices rose 0.8% in September.

Persons: Bill Adams, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: Saks Fifth, REUTERS, WASHINGTON, Federal, Comerica Bank, Commerce, Data, Reuters, United Auto Workers, Treasury, Consumer, Labor Department's Bureau of Labor Statistics, Wednesday, PPI, Reuters Graphics, Fed, Thomson Locations: New York City, U.S, Dallas, Commerce Department's

The week starts off with a bevy of unpleasant surprises for the markets and the economy but with maybe a hope of good news on the inflation front. “The decline in oil prices will feature prominently in explaining October's CPI and PPI reports. Core CPI likely slowed in October as well, with lower prices of new and used cars, lower airfares, and lower shelter costs all leaning the same way. PPI inflation likely moderated in October, too, with diesel prices following crude oil prices lower, albeit not by as much as gasoline. Powell’s comments were not anything new, but the timing seemed to suggest he was dampening down enthusiasm in the markets.

Persons: Moody’s, Mike Johnson, ”, Bob Doll, Republican Sen, Tim Scott of, David Cameron, Rishi Sunak, Stocks, Bill Adams, Waran Bhahirethan, ” Adams, Jerome Powell spooked, ” Powell, Oliver Rust, Sam Bullard, ” Bullard Organizations: U.S, AAA, Louisiana Republican, GOP, Senate, Crossmark Global Investments, Republican, Tim Scott of South Carolina, Conservative, Analysts, Comerica Bank, PPI, CPI, Federal Reserve, International Monetary Fund, Central Bank, “, Wells Locations: U.S, Louisiana, Tim Scott of South, London, Iraq, Syria, Gaza City, September’s, Israel, Washington

☆ Morning Bid: Some payback, but bonds hug gains on oil
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

The oil price slide was helped by signs from Israel that it's open to pauses in the Gaza fighting. The typically hawkish Minneapolis Fed boss Neel Kashkari insisted it was still too early to take another rate hike off the table. Elsewhere, the Reserve Bank of Australia raised its policy interest rate again, as expected, by another quarter point to a 12-year high of 4.35%. Overall, the global stocks picture reflected some of the cooling of last week's rally and some of the China export numbers. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Lucas Jackson, Mike Dolan, that's, Neel Kashkari, Christopher Waller, Michael Barr, John Williams, Lorie Logan, Jeffrey Schmid, Zimmer, Jack Henry, Akamai, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Treasury, Minneapolis Fed, International Monetary Fund, Reserve Bank of Australia, Asia bourses, UBS, Credit Suisse, Federal Reserve Bank of New, Michael Barr , New York Fed, Dallas Fed, Horton, Mosaic, Emerson Electric, Occidental, Devon Energy, Products, Chemicals, Gen, Fidelity, Reuters, Reuters Graphics, Thomson Locations: New York, U.S, Israel, Gaza, China, Asia, Japan, Hong Kong, Swiss, Canada, Federal Reserve Bank of New York, Michael Barr ,, Lorie Logan , Kansas, eBay, Gilead, Occidental Petroleum

☆ Is your hotel sustainable? Not if these two things are in your room, says Soneva’s founder
▼ + stars: | 2023-10-30 | by ( Monica Pitrelli | Harriet Akinyi | ) www.cnbc.com time to read: +5 min

A quick-and-easy test is to look for two items, said Sonu Shivdasani, founder of Soneva and Six Senses hotel brands. First, sustainable hotels should not have branded water of any sort, he told CNBC Travel. "Governments can create the context, but businesses need to make the change," Shivdasani told CNBC Travel. Source: SonevaShivdasani said he decided to institute a guest environmental levy after the company measured its "scope 3" emissions. Shivdasani said that after Soneva determined that 85% of its carbon emissions were "scope 3" emissions, the company introduced the 2% carbon levy.

Persons: Sonu Shivdasani, Soneva, Shivdasani, that's, It's, it's, Eva, Soneva Shivdasani, Kelvin Law Organizations: CNBC Travel, Nanyang Technological University, CNA, Soneva, World Health Organization Locations: Maldives, Thailand, British, India, Myanmar, Darfur, Sudan

☆ Exclusive: Trucking firm prepares long-shot bid for Yellow, seeks US Treasury support
▼ + stars: | 2023-10-30 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +5 min

Jack Cooper officials, including Executive Chair Sarah Amico, have been talking with Biden administration officials in recent months to get support for extending the terms of the loan. The White House said it was referring all Jack Cooper stakeholder inquiries to the Treasury Department. Jack Cooper and the Teamsters union declined to comment. Yellow owns approximately 12,000 trucks and 35,000 trailers, along with hundreds of terminals, according to its bankruptcy court filing. Trucking firm Estes Express submitted a revised bid worth $1.525 billion in cash for Yellow Corp's shipment centers, topping a $1.5 billion bid from Old Dominion Freight Line (ODFL.O).

Persons: Mike Blake, Biden, Jack Cooper, Sherrod Brown, Republican Roger Marshall, Bernie Sanders, Trump, Jack Cooper's, Sarah Amico, Amico, Lael Brainard, Brendan Danaher, Bob Casey, Tammy Baldwin, Jarrett Renshaw, Dietrich Knauth, Heather Timmons, Matthew Lewis Organizations: U.S, Yellow, Jack Cooper Transport, Ford, Brotherhood of Teamsters, Senators, Republican, Treasury Department, Reuters, Yellow Corp, Treasury, Biden, Democratic, U.S . Senate, Teamsters, White, National Economic Council, Democratic U.S, Citadel, MFN Partners, Walmart, Trucking, Express, Old Dominion Freight, Thomson Locations: Mexico, San Diego , California, U.S, Georgia, Pennsylvania, Wisconsin, Nashville , Tennessee, Philadelphia, New York

☆ ‘Billions’ series finale review (SPOILERS): The Showtime drama settles all accounts with its final showdown
▼ + stars: | 2023-10-29 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Editor’s note: The following contains spoilers about the series finale of “Billions,” titled “Admirals Fund.”After seven twisty seasons, with more double and triple crosses than you can shake a stock certificate at, “Billions” successfully landed the plane (OK, private jet) with its series finale, in a satisfying finish that reassembled the key players and even gave them time to take individual bows. For a show with so much bite and venom, it was oddly sentimental in generally the best of ways. The final season found a way to raise the stakes above high finance, with billionaire Mike Prince (Corey Stoll) running for president, exhibiting enough problematic qualities and questionable beliefs to inspire those within in his inner circle to turn against him and try to thwart his bid. If it wasn’t quite the game of catch scene from “Field of Dreams,” for these purposes the point was much the same. The “Billions” finale is playing on Paramount+ and will premiere October 29 on Showtime.

Persons: Mike Prince, Corey Stoll, Prince, immeasurably, Damian Lewis, Bobby “, ” Axelrod, Chuck Rhoades, Paul Giamatti, Jeffrey DeMunn, Chuck, “, Brian Koppelman, David Levien, Bobby, Wendy, Maggie Siff, Mike “ Wags ” Wagner, David Costabile, ”, Steve Miller Organizations: “, Showtime, Paramount

Israeli forces mounted a ground invasion of the Gaza Strip in the early morning hours of October 28. AdvertisementAdvertisementAn advisor to Israeli Prime Minister Benjamin Netanyahu warned of the ground invasion, telling MSNBC's Katy Tur on Friday that "tonight we are starting payback." Defense Minister Yoav Gallant said Israel expects a long and difficult ground offensive into Gaza. Israel has said it aims to crush Hamas' rule in Gaza and its ability to threaten Israel. Though 120 countries, an overwhelming majority of the United Nations, voted Friday for a resolution to call for a "sustained humanitarian truce" in Gaza, Israel has so far refused international calls for a cease-fire.

Persons: —, Israel, Benjamin Netanyahu, Katy Tur, Yoav Gallant, Gallant, Lloyd Austin, Austin, Israel —, Salem Ahmad Ammar, Ammar, Biden, Eric Smith, Jared Szuba Organizations: Service, Israel Defense Forces, Hamas, Pentagon, Al Aqsa Martyrs Hospital, CNN, United Nations, Israel, USMC, Al Monitor, Associated Press Locations: Gaza, Israel, Washington, U.S, Al Aqsa

☆ Hamas Vows 'Full Force' After Israel Steps up Gaza Ground Operations
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +7 min

By James MackenzieJERUSALEM (Reuters) - Hamas said on Saturday its militants in Gaza were ready to confront Israeli attacks with "full force" after Israel's military widened its air and ground attacks on the Palestinian enclave. The Palestinian militant group that rules Gaza said earlier its fighters were clashing with Israeli troops in areas near the border with Israel after Israel reported intensified attacks in Gaza. Israeli ground forces had massed outside Gaza, where Israel has been conducting an intense campaign of aerial bombardment since a deadly Oct. 7 attack by hundreds of Hamas gunmen on Israeli communities near the strip. Israel's military accused Hamas on Friday of using the hospital as a shield for its tunnels and operational centres, an allegation the group denied. Palestinians said they received renewed Israeli military warnings to move from Gaza's north to the south to avoid the deadliest theatre of the war.

Persons: James Mackenzie JERUSALEM, Daniel Hagari, Netanyahu, Jazeera, John Kirby, Kirby, Catherine Russell, Mark Regev, Benjamin Netanyahu, Israel, James Mackenzie, Nidal, Michelle Nichols, David Brunnstrom, Grant McCool Organizations: Palestinian, Reuters, UN, United Nations General Assembly, Israel, White House, Washington, Palestinian Red Crescent Society, Red Crescent Society, Hamas, Medecins Sans Frontieres, Children's Fund UNICEF, MSNBC, Fox News, U.S Locations: Gaza, Israel, Gaza's, Beit Hanoun, Al, Al Shifa, Gaza City, United States, U.S, Iran, Palestinian, Lebanon, Syria, Egypt

☆ GM earnings give its restive workers an inch
▼ + stars: | 2023-10-24 | by ( Jonathan Guilford | ) www.reuters.com time to read: +4 min

On Tuesday, GM reported strong earnings that will embolden staff who have walked out at all three of the big Detroit firms. GM beat analysts’ expectations for third-quarter profit despite a $200 million hit from the strikes that started in September. That said, the firm run by Mary Barra also ditched its official forecast as it wrestles with the $200 million weekly costs from labor disruptions. Fortunately for GM, talks with its union seem to have narrowed in from earlier demands that would have vaporized the industry’s operating profit. Ongoing strikes by the United Auto Workers union, which represents GM employees, cost the company $200 million in the third quarter.

Persons: walkouts, Mary Barra, Shawn Fain, Tesla, Elon, Fain, John Foley, Sharon Lam Organizations: General Motors Company, Reuters, United Auto Workers, General Motors, Ford Motor, GM, Cox Automotive, UAW, Elon Musk’s, United Auto Workers union, Detroit, Thomson Locations: Queens , New York, U.S, Detroit, Wells, GM’s Arlington

☆ Wind-powered cargo ships with sail-like 'wings' could reduce fuel use by 30%
▼ + stars: | 2023-10-19 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

The Pyxis Ocean sailed from China to Brazil in September 2023, partially powered by large 'wings'. CargillA cargo ship with a difference is set to dock at the Polish port of Gdynia early next week. The wings have been folded down when the ship docked at ports on its journey. "If you can reduce the volume [of fuel] by 30% you have another gain, [in] that you don't have to put your ship all full of tanks instead of cargo capacity," Dieleman said. One of the folded-down 'wings' that helped the Pyxis Ocean sail from China to Brazil, arriving in September 2023.

Persons: Cargill, Jan Dieleman, Dieleman, we're, it's Organizations: Cargill, Transportation, CNBC Locations: China, Brazil, Gdynia, Shanghai, Paranagua, Spanish, Tenerife, Poland

[1/3] The remains of a rocket fired from the Gaza Strip into Israel lies on a road where it fell in Ashkelon, southern Israel, October 10. An Israeli security source said Deif was directly involved in the planning and operational aspects of the attack. Deif said Hamas had urged the international community to put an end to the "crimes of the occupation", but Israel had stepped up its provocation. He also said Hamas had in the past asked Israel for a humanitarian deal to release Palestinian prisoners, but this was rejected. He was arrested by Israel in 1989 and spent about 16 months in detention, a Hamas source said.

Persons: Amir Cohen, Mohammed Deif, Al, Deif, Israel, Hamas's Al, Yehya Sinwar, Israel's, Ayatollah Ali Khamenei, Ali Baraka, we've, Mohammad Masri, William Maclean, David Clarke Organizations: REUTERS, Brigades, Lebanese, Hezbollah, Tehran, Hamas, West Bank, Islamic University, Thomson Locations: Gaza, Israel, Ashkelon, Al Aqsa, DUBAI, Jerusalem's Al Aqsa, Jerusalem, Iran, Tehran, Washington, Khan

☆ Lauren Boebert said it would be 'childish, vengeful' for Republicans to remove Matt Gaetz after he led McCarthy's ousting
▼ + stars: | 2023-10-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

As Matt Gaetz is criticized by various corners of the GOP, Lauren Boebert has risen to defend him. Gaetz had led the controversial charge to oust Kevin McCarthy as House Speaker. Boebert said Republicans retaliating against Gaetz would be "sorely mistaken." AdvertisementAdvertisementRep. Lauren Boebert of Colorado on Thursday warned her GOP colleagues about retaliating against Rep. Matt Gaetz for his role in ousting Kevin McCarthy. AdvertisementAdvertisementMeanwhile, McCarthy accused Gaetz of acting against him as personal payback for a House Ethics Committee investigation that looked into allegations of sexual misconduct against Gaetz.

Persons: Matt Gaetz, Lauren Boebert, Gaetz, Kevin McCarthy, Boebert, Republicans retaliating, —, @MattGaetz, McCarthy, Rep, Garret Graves, Mitch McConnell Organizations: GOP, Republicans, Gaetz, Service, Republican Main Street Caucus, Committee Locations: Colorado, Florida, California, Louisiana

☆ Formula One gets upgraded by Citi, which says concerns around Las Vegas race are 'overblown'
▼ + stars: | 2023-10-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Citi thinks it's time to to buy shares of Liberty Media Formula One . The investment bank upgraded shares of Formula One Group to buy from neutral, maintaining its $71 price target. It's been a highly volatile year for shares of Formula One, which are overall up 17.7% in that time. "Ultimately, we are not overly concerned by the extra capex, as the Vegas event could help drive U.S. engagement by bolstering media rights revenue." "We view the relative risk-reward associated Apple's prospective interest in F1's global media rights as attractive at prevailing levels."

Persons: It's, Jason Bazinet, Bazinet, TKO's, Michael Bloom Organizations: Citi, Liberty Media, Formula One, Formula, Las Vegas, Apple, Prix, One's

☆ A couple without a business or finance background raised $180,000 to open a taco shop. They brought in more than $1 million in revenue in year one and credit their success to 3 non-business-related fa
▼ + stars: | 2023-10-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

The couple, who started tinkering in their apartment kitchen in 2019 in an effort to recreate the breakfast tacos Jaramillo grew up eating, raised $180,000 from family and friends to bring their restaurant to life. That's a relatively small amount for opening a brand-new restaurant, noted May: "We were able to do it on a pretty shoestring budget." When they raised money, they didn't give up any equity, meaning Jaramillo and May own 100% of the company. "I think we both have strong entrepreneurial instincts but we don't come from a finance or a business background," said May. "There's a certain value to the human piece that you get when you come to the shop," said May.

Persons: Tejana, Ana, Maria Jaramillo, Gus May, —, tacos Jaramillo, Jaramillo, May, We've, we've, they've, Jaramillo —, McAllen , Texas —, it's, It's, They've, " Jaramillo, Tejana Jaramillo Organizations: GWU, DC Locations: Washington, DC, Mount Pleasant, Monterrey, Mexico, McAllen , Texas, Texas, La, Pleasant

☆ Who were the 8 GOP members who voted to oust McCarthy?
▼ + stars: | 2023-10-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

For the first time in American history, the Speaker of the House has been voted out of office. GOP Rep. Matt Gaetz initiated the motion to oust fellow Republican Kevin McCarthy from the seat. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementFor the first time in American history the sitting Speaker of the House, California Republican Kevin McCarthy, has been voted out of office — and it took eight members of his own party to turn the tide against him. McCarthy has argued Gaetz's move was payback for Gaetz facing a House Committee inquiry into allegations of sexual misconduct and misuse of funds.

Persons: Matt Gaetz, Kevin McCarthy, Gaetz, —, California Republican Kevin McCarthy, McCarthy, Andy Biggs, Arizona Ken Buck, Colorado Tim Burchett, Tennessee Eli Crane, Arizona Matt Gaetz, Florida Bob Good, Virginia Nancy Mace, Carolina Matt Rosendale, Montana McCarthy, — Biggs, Crane, Gaetz's Organizations: GOP, Service, California Republican, Republican, Republicans, House Democrats Locations: California, Colorado, Tennessee, Arizona, Florida, Carolina, Montana, Rosendale

GUIDONIA MONTECELIO, Italy (AP) — Viktor Hovland and Ludvig Aberg put Europe in the record book with the shortest match in Ryder Cup history, a symbol of its utter dominance over the Americans at Marco Simone. The 9-and-7 victory was the biggest margin for any match over 18 holes in Ryder Cup history, a beating so bad that Scheffler, the world's No. Team Europe is now ahead of pace of that rout. The only bright spot for the Americans were Homa and Harman, who never trailed — that was also a first for the Americans this week. Europe was blazing its way around Marco Simone, where the frenzied crowd kept getting louder.

Persons: GUIDONIA MONTECELIO, — Viktor Hovland, Ludvig Aberg, Marco Simone, —, Scottie Scheffler, Brooks Koepka, Rory McIlroy, Tommy Fleetwood, Jordan Spieth, Justin Thomas, Jon Rahm, Tyrrell Hatton, Xander Schauffele, Patrick Cantlay, Zach Johnson, Brian Harman, Max Homa, Shane Lowry, Sepp Straka, Scheffler, “, ” Hovland, Brooks, McIlroy, Thomas, Spieth, Schauffele, Rahm, Hatton, Cantlay, Harman, ” Homa, I’m, ”, ___ Organizations: Ryder, FedEx Cup, Team Europe, PGA, Fleetwood Locations: Italy, Europe, Scandinavia, Norway, Sweden, foursomes, Whistling Straits, U.S

☆ Australian man who faked his own kidnapping to meet mistress ordered to pay police
▼ + stars: | 2023-09-28 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

CNN —An Australian man who faked his own kidnapping to spend time with his mistress on New Year’s Eve has been ordered to pay back the cost of the police operation to find him. Paul Iera appeared at Wollongong Local Court in New South Wales on Tuesday and was told he’d have to pay the state government around $10,000 for 200 hours worth of police work after his partner reported him missing. The 35-year-old tradesman went to meet his mistress on December 31, but lied to his partner about meeting with his “financial guy,” CNN affiliate 9 News reported. Iera’s worried partner reported the matter to the police minutes before midnight, prompting officers to investigate, 9 news reported. Iera’s lawyer Abbas Soukie issued a statement on his behalf, saying that his client was “pleased to have avoided” a jail sentence.

Persons: Paul Iera, he’d, Paul, Iera’s, Iera, Michael Ong, Ong, Abbas Soukie, Mr Iera, “ Mr Iera, ” Organizations: CNN, Wollongong Local Locations: Australian, Wollongong, New South Wales

☆ A couple explains how they turned a pop-up breakfast taco side project into a brick-and-mortar restaurant that brought in more than $1 million in revenue in year one
▼ + stars: | 2023-09-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +16 min

Ana-Maria Jaramillo introduced her now husband, Gus May, to breakfast tacos when they met in 2017. They agreed that if their relationship became more serious, they'd bring breakfast tacos to DC. AdvertisementAdvertisementAna-Maria Jaramillo grew up eating homemade breakfast tacos on a flour tortilla — and figured almost everyone else did, too. La Tejana serves up breakfast tacos in Washington, DC. Jaramillo introduced May to breakfast tacos in 2017.

Persons: Ana, Maria Jaramillo, Gus May, —, Jaramillo, Tejana, — Jaramillo, she'd, May, It's, Maria, Suzannah Hoover, That's, fryer, " Jaramillo, that's, We've, we've, we're Organizations: DC, Small, Service Locations: Monterrey, Mexico, McAllen , Texas, Austin, Washington ,, Washington , DC, Washington, Texas, Mount Pleasant, Pleasant, La

☆ Mojave wants to make air conditioning more sustainable. Check out the 12-slide pitch deck it used to raise a $12.5 million seed round.
▼ + stars: | 2023-09-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

A startup making air conditioning systems more efficient has just raised a $12.5 million seed round co-led by VC funds At One Ventures and Fifth Wall, which invests in real estate tech. California-based Mojave has developed an air conditioning system that uses 50% less energy and 20% less refrigerant than existing systems, it claims. A heating, ventilation, and air conditioning (HVAC) system's footprint is mainly split between the energy used to control the temperature and what it takes to remove humidity, the research found. The "big breakthrough" was finding a way to cool the desiccant with cool air, Farese said. The startup is tackling the outdoor air system (DOAS) market, which refers to systems that precondition air coming into a building from outside.

Persons: Philip Farese, Farese, DOAS Organizations: One Ventures, Palo Alto Research, PARC, National Renewable Energy Laboratory, Xerox PARC, Xerox Ventures, Starlight Ventures Locations: California, Mojave

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