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☆ New boss will be EIB’s chance to stay relevant
▼ + stars: | 2023-09-07 | by ( Rebecca Christie | ) www.reuters.com time to read: +5 min

Flags are seen behind the logo of the European Investment Bank in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal Acquire Licensing RightsBRUSSELS, Sept 7 (Reuters Breakingviews) - The European Investment Bank has a chance to remake itself when it gains a new leader next year. The EIB has been making infrastructure loans since 1958, and now channels some 65 billion euros in annual financing to the economy. To do that, the next EIB chief will need to let the bank shoulder more risk, as suggested by Vestager on Thursday. By comparison, the World Bank has $240 billion loans outstanding.

Persons: Eric Vidal, Werner Hoyer, Nadia Calviño, Denmark’s Margrethe Vestager, Daniele Franco, Teresa Czerwińska, Thomas Östros, Vestager, Margrethe Vestager, Spain’s Nadia Calviño, Poland’s Teresa Czerwińska, Italy’s Daniele Franco, Sweden’s Thomas Östros, Denmark’s Vestager, Neil Unmack, Streisand Neto Organizations: European Investment Bank, Reuters, Rights, Spanish, World Bank, AAA, European Union, Financial Times, European Investment, Union, Thomson Locations: Luxembourg, Rights BRUSSELS, Italian, Europe, Ukraine, France, Spain

☆ New signals about where shoppers are spending their money put one of our retail stocks in the sweet spot
▼ + stars: | 2023-09-07 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

The consumer is expected to remain resilient this year, but some retailers will benefit more than others. Consumer spending drives the U.S. economy, accounting for 68% of gross domestic product — and several analysts on Wall Street forecasted that spending will remain strong through 2024. However, the prioritization of that spending will result in winners and losers. At the same time, they expect spending growth for essentials to slow, thereby leaving more money left over for discretionary purchases. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Goldman Sachs, Goldman, Bernstein, That's, —, TJX, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Wall, Goldman, —, TJX, Ross Stores, Burlington, Loop, Marshalls, Apple, TJX Companies, Jim Cramer's Charitable, CNBC, Maxx Locations: 4Q23, TJX, Maxx, Burlington, Pasadena , California

☆ How Tractor Supply managed to shrink theft rates when they're surging almost everywhere else
▼ + stars: | 2023-09-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Tractor Supply Co.'s CEO says retail crime is a major problem, but his company is bucking the trend. He revealed four factors that have helped Tractor Supply see lower rates of inventory shrink this year. AdvertisementAdvertisementIf it costs a lot at Tractor Supply, it's probably also heavy. "You basically get greeted and you're checked out right in the front of our store," Lawton said. Hard-to-steal merchandiseOf course, the types of products that Tractor Supply sells — livestock feed, gun safes, truck boxes, etc.

Persons: Jahi, Hal Lawton, Lawton, it's, Dominick Reuter, Jason Aldean Organizations: Target, Tractor Supply, Service, Dick's Sporting Goods, National Retail Federation, Giant Food, Washington, Getty, Tractor, Home, eBay, Retail Industry, Association, Supply, Costco Locations: Wall, Silicon, Macy's

Money market funds, on the other hand — while also generally safe — are a bit riskier, experts said. Investors who prefer money market funds may opt for government money market funds, which carry slightly less risk, Elliott said. YieldMoney market funds tend to pay a slightly higher interest rate relative to high-yield savings accounts, Elliott said. TaxesInterest income for both high-yield savings and money funds is taxed as regular income, experts said. However, some money market funds may carry tax benefits, said Eric Bronnenkant, head of tax at Betterment.

Persons: Kamila Elliott, Elliott, Greg McBride, They've, McBride, Treasurys —, Eric Bronnenkant, Bronnenkant Organizations: Wealth Partners, CNBC, Bankrate, Federal Reserve, Deposit Insurance Corporation, Treasury, Lehman, Federal Reserve Bank of Boston, Investor Protection Corporation, Investors, Data, Federal, Consumers, U.S Locations: Atlanta

☆ Nasdaq just posted its worst month since December. How the smart money played it
▼ + stars: | 2023-09-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The tech-dominated Nasdaq Composite and Nasdaq-100 indexes notched their worst month of the year in August, and their weakest performance since December 2022. Last month's pullback came as no shock to many veteran technology investors. Big August losers included popular AI-connected names Marvell Technology and Advanced Micro Devices , which shed more than 10% and 7%, respectively. Building small positions Amid the August pullback, Meeks built positions in some favored AI names. MRVL 1M mountain Marvell Technology shares pull back Munster used August's volatility to scoop up some shares of Etsy .

Persons: Paul Meeks, who's, we've, Meeks, Fortinet, Gene Munster, he's, Greg Bassuk, Bassuk Organizations: Nasdaq, Nvidia, Marvell Technology, Devices, Meta, Apple, Marvell, Broadcom, Taiwan Semiconductor, Cadence Design Systems, Munster, AXS Locations: Etsy

☆ Turn to these stocks for high dividend growth and free cash flow yield, Wolfe says
▼ + stars: | 2023-09-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

As the economy slows down, investors will want to play defense with dividend strategies, according to Wolfe Research. "In a later cycle environment, dividend growth becomes scarce and investors tend to pay up for companies with high dividend growth," analyst Chris Senyek wrote in a note last week. Therefore, the strategy is to look for names with both high dividend growth and a high free cash flow yield, since investors look to cash flow to support further dividend growth, he said. Comcast has an average analyst rating of overweight and has nearly 10% upside to the average price target, according to FactSet. Lennar is also well-liked by analysts, with an average rating of overweight and about 20% upside to the average price target, per FactSet.

Persons: Chris Senyek, Senyek, Peacock, Morgan Stanley, Benjamin Swinburne, Lennar, Raymond James, Buck Horne, UnitedHealth, Bernstein, Lance Wilkes, — CNBC's Michael Bloom Organizations: Wolfe Research, Comcast, Media, CNBC

CEDAR KEY, Fla. — As cleanup begins in the aftermath of Hurricane Idalia, the storm has served as a stark reminder that Florida's insurance industry remains in flux. But many of those homeowners face uncertainty amid the upheaval that has emerged in Florida's insurance industry in recent years. A thinning insurance market that is beset by more regular hurricanes has caused insurance policy costs to skyrocket. The state's insurance industry is preparing to lose four insurers since last year — Farmers Insurance, Bankers Insurance, Centauri Insurance and Lexington Insurance. Aggravating the problem, 82% of Floridians do not have flood insurance, which is typically operated by the National Flood Insurance Program, a federal program run by the Federal Emergency Management Agency.

Persons: Idalia, Chris Draghi, That's, Gregory Buck, Buck, Aimee Firestine, Firestine, Amy Bach, United, Bach, Mark Friedlander, Friedlander, Gabe Gutierrez, Phil McCausland, Melissa Chan Organizations: Insurance Information Institute, U.S, — Farmers Insurance, Bankers Insurance, Centauri Insurance, Lexington Insurance . Farmers Insurance, National, Experts Insurance, Homeowners, Insurance, Property Insurance Corp, National Flood Insurance, Federal Emergency Management Agency, Congress, First Street Foundation, FEMA, Cedar Key Locations: Fla, Florida's Big Bend, Florida, Georgia, Florida , Georgia, South Carolina, Cedar, America, Taylor County, Bend, New York City

☆ Best High-Yield Savings Accounts of September 2023
▼ + stars: | 2023-08-31 | by ( Martha C. White | ) www.wsj.com time to read: +18 min

With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.43%, according to the Federal Deposit Insurance Corp. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform. How we pickedTo pick Buy Side from WSJ’s Best Savings Accounts, we looked for accounts that offered the best APY on deposited funds without restrictions.

Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, Foster, Alliant, —, Ivy, Achilles, We’ve, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Foster Care, Navy, Navy Federal, Bask Bank, Texas Capital Bank, Savings, LendingClub, Alliance Data Systems, Comenity Capital Bank, FDIC, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Chicago, U.S, Utah, .

According to the median forecast (INGDPQ=ECI) in a Reuters poll of economists, India's gross domestic product (GDP) grew 7.7% in the past quarter, up from 6.1% growth in the previous quarter and its fastest expansion since April-June 2022. Reuters GraphicsStrong growth in India's services sector, which makes up more than half of its economic output, has helped Asia's third-largest economy buck the global slowdown that has left many major economies, including China, stuttering. S&P Global India services Purchasing Managers' Index (INPMIS=ECI) has remained firmly above the 50-mark separating growth from contraction for nearly two years, the longest stretch since August 2011. To support growth, Indian government has been front-loading its annual spending on infrastructure. Additionally, slowing global growth and exports and a comparison with higher growth rates a year ago will also weigh on growth in quarters ahead.

Persons: Manoj Kumar, Suvodeep Rakshit, Kaushik Das, Rahul Bajoria, Aftab Ahmed, Tomasz Janowski Organizations: REUTERS, DELHI, P Global, Deutsche Bank's, Barclays, Thomson Locations: Faridabad, New Delhi, India, China, P Global India

☆ Who Profits After Natural Disasters Like Hurricanes and Wildfires
▼ + stars: | 2023-08-31 | by ( Anthony Dimauro | ) www.businessinsider.com time to read: +13 min

After Hurricane Michael struck Florida in 2018, home sales rose significantly, allowing disaster investors to reap the rewards. This venture has the potential to be even more rewarding given the increasing frequency of natural disasters in the US. But federal disaster relief is painfully slow to respond and often doesn't cover most of the costs. And while moratoriums on damaged land sales aren't a long-term, legally tenable solution, there are ways state officials might be able to deter disaster investors. As the threat of natural disasters increases, so will disaster profiteers.

Persons: Josh Green, Ian, Hurricane Michael, Hurricane, Joe Raedle, Hurricane Maria, Congress —, Hurricane Sandy, it's, Anthony DiMauro Organizations: Nashville Metro Council, FEMA, Hurricane, Centers for Environmental, Federal Reserve's Survey, Consumer Finances, Emergency Managment Agency, Small Business Administration, Urban Institute, Office, Congress, of Housing, Urban, Bloomberg, Newsweek, L.A Locations: Hawaii, Maui, Hawaii's, Tennessee, Nashville, Florida, Wilsey, New Orleans, California, Puerto Rico, Lahaina, New York

☆ McDonald's dollar menu is a myth. The chain is getting called out for not having a single item that costs $1.
▼ + stars: | 2023-08-30 | by ( Nancy Luna | Grace Mayer | ) www.businessinsider.com time to read: +4 min

There's nothing close to a buck on the value menu, according to menus observed by Insider across the US. While sitting in line for a McDonald's drive-thru, Anne Arroyo, a TikToker who goes by @anna2morrow, zoomed in on the fast food chain's Dollar Menu. AdvertisementAdvertisement"McDonald's has a dollar menu right now without a single item that costs $1," she said in the video said in a video she posted. Several commenters wrote about how McDonald's dollar menu pricing was different across the country. A commenter who said they were from Florida wrote that their McDonald's dollar menu drinks cost $2.79.

Persons: McDonald's, Anne Arroyo, Arroyo, Nancy Luna, Chipotle Organizations: Service, Consumer Locations: Wall, Silicon, Niles , Ohio, McDonald's, Florida, Southern California, Orange , California

☆ McCarthy starts to plot Biden impeachment strategy while GOP skeptics remain
▼ + stars: | 2023-08-28 | by ( Melanie Zanona | ) edition.cnn.com time to read: +8 min

“I don’t believe that a vote of the House is required to open an impeachment inquiry,” GOP Florida Rep. Matt Gaetz, who supports a Biden impeachment and sits on the House Judiciary Committee, told CNN. Another factor that could complicate the fall timeline for an impeachment inquiry: Government funding expires at the end of September. Officially moving ahead with an impeachment inquiry could help keep angry conservatives off McCarthy’s back. During the call, one skeptical committee member pressed Jordan on the purpose of an impeachment inquiry, according to a source on the call. “The Republicans in Congress, though well meaning, keep talking about an Impeachment ‘Inquiry’ on Crooked Joe Biden.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Biden, House Republicans ’ Hunter Biden, Donald Trump’s, Matt Gaetz, –, ” McCarthy, Hunter Biden, Hunter, General Merrick Garland, Ken Buck, There’s, Maria Bartiromo, Jim Jordan of, Gaetz, “, ” Gaetz, Jordan, Marjorie Taylor Greene, ”, ” Greene, Greene, Trump, Crooked Joe Biden, …, it’s, ” Trump Organizations: CNN —, Republicans, GOP, House Republicans, Republican, Democrats, GOP Florida, Biden, CNN, Fox News, Department of Justice, White House, White, Department, GOP Colorado Rep, Caucus Locations: House, ”, Jim Jordan of Ohio, Iowa

☆ American homes are shrinking, but it isn't making houses any more affordable
▼ + stars: | 2023-08-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +4 min

Yet, the cost per square foot has markedly accelerated over the same period, data from John Burns Research and Consulting shows. We saw increased prices across the board, and that's showing up in that increased price per square foot." Not only are prices per square foot going up, data suggests that contractors are less likely to build homes with a lower price per square foot. AdvertisementAdvertisementFurther double-digit jumps in price per square foot are less likely to materialize in the current environment. But as floor plans get smaller, price per square foot could stay stubbornly high.

Persons: John Burns, That's, Chris Porter, demographer, Porter, Redfin Organizations: Census, John, John Burns Research, Consulting, Builders, Service, Homeowners, Wall Street Journal Locations: Wall, Silicon, Indiana, Zillow

☆ I moved from Boston to rural Kansas last year. It's so much cheaper but I miss the pace of city life, access to healthcare, and people to work with.
▼ + stars: | 2023-08-27 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +9 min

Lauren Savoie, 34, an editor at Insider, moved from Boston to Kansas, with her husband, 36. After trying a rural life, Savoie has decided she is a "city kid," and plans to move to New York City next year. So, a little over a year ago, we moved to Manhattan, Kansas, where the university is. The Salina Regional airport, left, is an hour away from Manhattan, Kansas. Healthcare, even in the case of an emergency, was much harder to find in Manhattan, Kansas than it was in Boston.

Persons: Lauren Savoie, She's, I've, Kansas Eddie Brady, I'd, I'm, it's, Lauren Savoie I've, we'll Organizations: Service, Kansas State University, Business, American Airlines, Salina Regional, Healthcare Locations: Boston, Kansas, Savoie, New York City, Wall, Silicon, Manhattan , Kansas, Oregon, Vermont, Manhattan, Chicago, Dallas, Salina, . Kansas, New York City . New York City, New York, Westchester, Midtown Manhattan

☆ Former ref Dean says Taylor 'mate' comment 'blown out of context'
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

Aug 27 (Reuters) - Former Premier League referee Mike Dean said a reference to fellow official Anthony Taylor as a "mate" had been "blown out of context", days after saying he did not alert Taylor to a referring mistake last season to spare him "more grief". The foul was not given by on-field referee Taylor, and Spurs scored a last-gasp equaliser during the resulting play. Dean said later he did not want to send Taylor to the VAR screen to view the incident as he was a "mate" and wanted to spare him "more grief". "It has all been blown out of context. Referring to him as a mate, you have got to look at it in context," Dean told Sky Sports' Soccer Saturday, referring to Taylor.

Persons: Mike Dean, Anthony Taylor, Taylor, Dean, Cristian Romero, Chelsea's Marc Cucurella, He's, Anthony shouldn't, Pearl Josephine Nazare, Robert Birsel Organizations: Former Premier League, Stamford Bridge, Tottenham Hotspur, Spurs, Sky Sports, Thomson Locations: Bengaluru

☆ Can the T-Shirt Be Perfected?
▼ + stars: | 2023-08-27 | by ( Grace Cook | ) www.nytimes.com time to read: +1 min

About five dozen people lost jobs when Stitch Fix ceased operations at the factory and mill in November, Mr. Ford said. By March, the facilities had reopened as Buck Mason Knitting Mills, and several of the employees who had worked at them for Stitch Fix had been rehired. The cloth mill in Shillington has started to produce fabrics for Buck Mason’s T-shirts and other tops using cotton grown in California, Georgia and Texas. Albert Bareika, who was hired by Buck Mason as the mill’s knitting lead in January, said there were plans to release a limited-edition T-shirt made with fabric produced at the facility on a 1940s-era Singer Supreme machine. Its Singer Supreme machine is one of a few still in operation, added Mr. Bareika, 66, who lives in nearby Leesport, Pa., and had previously worked for Stitch Fix at the mill.

Persons: Ford, ”, Buck Mason Knitting Mills, Buck Mason’s, Albert Bareika, Buck Mason, Bareika, “, Pleam Organizations: Singer Locations: Shillington, California , Georgia, Texas, Leesport, Pa, Mohnton, Berks County

REUTERS/Mike Blake/File Photo Acquire Licensing RightsChocolate makers are banking on the traditional resilience of their product to price increases. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. "We are seeing consumers starting to react more than before, I'd be very cautious with price increases," said Dan Sadler, a candy expert at U.S.-based market researcher IRI. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Nielsen, Dirk Van de, Luca Zaramella, Patrick Folan, Mike Blake, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: Nielsen, Hershey, Reuters, Consumers, Cadbury, Barclays, REUTERS, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Europe, United States, North America, Encinitas , California, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ With Prigozhin dead, Putin has traded low-budget global reach for safety at home
▼ + stars: | 2023-08-26 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +7 min

On Friday, the Kremlin's spokesperson said the idea that Russian President Vladimir Putin was behind the Wednesday plane crash that killed Yevgeny Prigozhin was "a complete lie." It was unavoidable payback for Prigozhin's insubordination, which culminated in a march towards Moscow with a column of his Wagner Group mercenaries. AdvertisementAdvertisementThose files were obtained from anonymous hackers who had pried them loose from the Wagner Group. Russia uses the Wagner Group to boost its military strength, but it is nothing like a conventional fighting force or diplomatic corps. Other reports suggest that the job replacing Wagner in Africa will fall to the GRU, Russia's military intelligence unit.

Persons: Vladimir Putin, Yevgeny Prigozhin, Wagner, Prigozhin, Prigozhin's, he'd, —, Putin, grandiosity, they'd, Alexander Lukashenko, James, Mattathias Schwartz Organizations: Wednesday, Wagner Group, Saint, Kremlin, Group, Central African, YouTube, Google, Wagner, Saint Petersburg, ISIS, Russia, Wall Street Journal, Russia's Ministry of Defence Locations: Moscow, Saint Petersburg, Central African Republic, Russian, Ukraine, East, Africa, Saint, China, Belarus, Russia's

☆ 'Barbie' is about to pass 'Super Mario Bros.' and become the world's biggest movie of 2023
▼ + stars: | 2023-08-26 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

"Barbie" is poised to overtake Super Mario globally after becoming the biggest US movie this year. "Barbie" is Warner Bros.' most successful US release and is about to become its biggest film ever. The Greta Gerwig-directed film about Mattel's plastic doll surpassed "The Super Mario Bros. Movie" domestically with a $575.4 million gross, according to data seen by The Hollywood Reporter and Deadline . Warner Bros./Universal"Barbie" is now Warner Bros'. Nolan's latest three-hour epic has performed very well at the box office, taking almost $725 million, per Box Office Mojo.

Persons: Greta Gerwig, Mario, Barbie, pip Mario, execs, Margot Robbie, Ryan Gosling, Gerwig, Oppenheimer, Christopher Nolan's, Harry Potter, Jennifer Lee, Chris Buck, Noah Baumbach, Matt Winkelmeyer, Robbie, Gosling Organizations: Super Mario, Warner Bros, Mario Bros, Hollywood, Mojo, Variety, Staff, Getty, Australian

☆ Morning Bid: Dollar rockets as Powell trumps AI
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +5 min

Fed Chair Jerome Powell is due to deliver a keynote address to the annual central banking symposium in Jackson Hole at 1405 GMT. And given increasingly contrasting fortunes of economies on either side of the Atlantic, Powell's words are expected to contain a different message to the one from European Central Bank President Christine Lagarde later in the day at 1900 GMT. Turkey's lira gave back only some of Thursday's gains after its central bank shocked with a 750 basis point interest rate to 25%. Events to watch for on Friday:* Federal Reserve Chair Jerome Powell gives keynote speech at annual Fed symposium in Jackson Hole. European Central Bank President Christine Lagarde also speaks at Jackson Hole.

Persons: Mike Segar, Mike Dolan, Jerome Powell, Christine Lagarde, Ifo, Jackson, Powell, Patrick Harker, Susan Collins, Collins, Harker, BoE, China's bourses, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, Federal Reserve, Nvidia, European Central Bank, Philadelphia Fed, Boston Fed, ECB, Bank of, Treasury, Reuters, Authorities, University of Michigan's, Marvell, Reuters Graphics Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Jackson, Bank of England, Asia, Jackson Hole, Jakarta

☆ Factbox: Subway to sell itself to Roark Capital
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsAug 24 (Reuters) - Roark Capital snapped up Subway in a $9.55 billion deal, sources said on Thursday, after it outbid several private-equity groups. The pair then started franchising Subway restaurants, with the first outlet outside of Connecticut being opened in Massachusetts a year later. For 2022, Subway posted a 9.2% year-over-year increase in same-store sales, thanks to its "Subway Series" menu - a lineup of 12 new signature sandwiches. In March, Goldman Sachs' (GS.N) asset management arm, PE firms Bain Capital, TPG, TDR Capital, Advent International and Roark Capital emerged among the list of suitors for the sandwich chain. Reuters reported earlier this week, citing sources that Roark Capital was in the lead to acquire the chain for well over $9 billion after attaching conditions to some of the windfall the two families that own it would get.

Persons: Thomas White, Roark Capital, Fred DeLuca, Peter Buck, DeLuca, Buck, Arby's, Quiznos, Burger, Jared Fogle, Chidsey, John Chidsey, Morgan, Goldman Sachs, Roark, Deborah Sophia, Granth Vanaik, Varun, Anil D'Silva Organizations: REUTERS, Subway, KFC, Bain Capital, TPG, TDR, Advent International, Roark Capital, Reuters, Thomson Locations: Bridgeport , Connecticut, Connecticut, Massachusetts, Bahrain, Subway, United States, Burger, U.S, North America, Bengaluru

☆ MLB roundup: Behind Aaron Judge's 3 homers, Yanks end skid
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +10 min

The Yankees won for the first time since Aug. 11 and avoided their first 10-game skid since 1913. New York's Luis Severino (3-8) didn't allow a run and surrendered just one hit, matching a season high with 6 2/3 innings. Blue Jays starter Kevin Gausman (9-8) gave up two runs on five hits in six innings against his former team. Cubs 6, Tigers 4Cody Bellinger drove in two runs, Yan Gomes knocked in the go-ahead run and visiting Chicago downed Detroit. Cubs starter Jameson Taillon had a no-hitter through five innings but gave up four runs in 5 2/3 innings.

Persons: Aaron Judge, Vincent Carchietta, Brian Cashman, MacKenzie Gore, New York's Luis Severino, Elly De La Cruz, Shohei Ohtani, Spencer Steer, Buck Farmer, Tyler Anderson, Matt McLain, Steer, Reid Detmers, Ohtani, Tim Anderson, Trayce Thompson, Anderson, George Kirby, Josh Rojas, Dean Kremer, Anthony Santander, Kremer, Jack Flaherty, Kevin Gausman, Charlie Morton, Marcell Ozuna, Morton, DJ Stewart, Ozuna, Austin Riley, Jose Quintana, Cody Bellinger, Yan Gomes, Julian Merryweather, Adbert Alzolay, Kerry Carpenter, Tarik Skubal, Jameson Taillon, Paul DeJong, Wilmer Flores, Camilo Doval, Bryce Harper, Jakob Junis, Ryan Walker, Craig Kimbrel, Kyle Schwarber, Trea Turner, Brice Turang, Carlos Santana, Willy Adames, Turang, Elvis Peguero, Ryan Jeffers, Lewis, Michael A, Taylor, Brandon Lowe, Lowe, Brent Suter, Osleivis, Pete Fairbanks, Elias Diaz, Adam Duvall, Josh Winckowski, Nick Pivetta, Kenley Jansen, Seth Martinez, Hector Neris, Bryan Abreu, Ryan Pressly, Kendall Graveman, Richie Palacios, Nolan Arenado, Louis, Paul Goldschmidt, Zack Thompson, JoJo Romero, Ke'Bryan Hayes, Connor Joe, Luis Oritz, Dairon Blanco, Cole Ragans, Bobby Witt Jr, Adrian Martinez, Blanco, Seth Lugo, Xander Bogaerts, Lugo, Garrett Cooper, Sandy Alcantara, Xzavion Curry, Will Smith, Enrique Hernandez, Jose Ramirez, Clayton Kershaw Organizations: New York Yankees, Washington Nationals, Yankee, Yankees, New, Reds, Cincinnati, Orange County, UCLA, The Reds, Angels, White Sox, Mariners, Seattle, Cleveland Guardians, Orioles, Blue Jays, Baltimore, Braves, Mets, Atlanta, Cubs, Tigers, Chicago, Detroit, Giants, Phillies, San Francisco, Philadelphia, Brewers, Milwaukee, Twins, Rays, Rockies, Tampa Bay, Colorado, Red Sox, Astros, Boston, Cardinals, Pirates, Pittsburgh, Royals, Athletics, Kansas City, Oakland, 103rd, Padres, Marlins, San Diego, Miami, Dodgers, Cleveland, The Dodgers, Thomson Locations: Bronx , New York, USA, New York, OptaSTATS, Cincinnati, Los Angeles, Anaheim , Calif, McLain, Orange, Southern California, Chicago, Toronto, Minnesota, Colorado, St . Petersburg, Fla, Houston, Boston, Pittsburgh, San, Angeles

But these days, the gap between the best gaming laptops and best gaming PC desktops is much closer. AdvertisementAdvertisementGaming laptop vs. desktop: PerformanceGaming laptops and gaming desktops both look and run differently. AdvertisementAdvertisementGaming laptop vs. desktop: Heat and required powerAnyone who's ever played on a gaming laptop (or even a regular laptop) is familiar with the burning sensation of a laptop chassis on their thighs. AdvertisementAdvertisementGaming laptop vs. desktop: PriceFor the same amount of performance, gaming desktops are cheaper than gaming laptops. Even if two machines have the same listed specs, desktop hardware is far more powerful than mobile laptop hardware.

Persons: you'll, William Antonelli, —, they're, who's, they've, it'll, They're, I've Organizations: DC, Dell, Mobile, Asus, Gaming

Reuters reported on Tuesday on a so-called earn-out agreement that was key to Roark clinching a deal for Subway. Roark prevailed over a rival bidding group led by buyout firms TDR Capital and Sycamore Partners, whose final offer was for $8.75 billion including an earn-out, and $8.25 billion without, the sources said. Roark took the view that the restaurant market is too fragmented for the deal to raise competition concerns, the sources added. Roark and Subway, which announced the deal on Thursday, declined to comment on the terms. Roark currently controls Inspire Brands, the owner of restaurant chains including Jimmy John's, Arby's, Baskin-Robbins and Buffalo Wild Wings.

Persons: Roark, DeLuca, Buck, John's, Jimmy John’s, Jimmy John's, Neil Saunders, Peter Buck, Fred DeLuca, JPMorgan Chase, Sullivan, Cromwell, Weiss, Garrison, Roark Capital, Morgan Stanley, Anirban Sen, Abigail Summerville, Deborah Sophia, Greg Roumeliotis, Marguerita Choy Organizations: Roark, Reuters, Subway, TDR Capital, Sycamore Partners, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, JPMorgan, Cromwell LLP, Thomson Locations: Connecticut, U.S, Bridgeport , Connecticut, The Milford , Connecticut, Rifkind, Wharton, New York, Bengaluru

☆ 'The tablet is staring into my soul': Workers, customers and etiquette experts debate tipping at the counter
▼ + stars: | 2023-08-24 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

"It's just going to ask you a few questions," you're told. "I just feel like the tablet is staring into my soul," he says. "And I feel so bad because there's a line of people behind me, and I'm like, f---, I don't do this." The thinking here is that over-the-counter workers earn a wage, and therefore rely less on tips than servers or delivery people. And on top of that, you're being asked, every time you turn around, 'How much would you like to tip?'"

Persons: It's, Saad Kabir, Kabir, Elaine Swann, Bella Biagio, Biagio, —, Thomas Farley, Manners, Farley, We've, Shannon Tanski Cornelius Organizations: New, CNBC, Swann School of Locations: scone, New York City, Seattle, Duluth , Minnesota

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