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☆ Jim Cramer's guide to investing: Prepare for corrections, they are inevitable
▼ + stars: | 2023-07-03 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Corrections are as inevitable as rain, according to CNBC's Jim Cramer. Investors should always prepare themselves for corrections, Cramer said. "I expect it to rain, I prepare for it. Another key component of realistic investing is to never make decisions based emotions, especially hope, Cramer said. "So, prepare yourself for corrections.

Persons: Jim Cramer, Cramer, he'd Organizations: Investors

We pay nearly $2,600 a year for homeowners insurance, flood insurance, and an umbrella policy. See Insider's picks for the best homeowners insurance companies »Our insurance coverageYou might be wondering what kind of hurricane insurance we have. You can get flood insurance, windstorm insurance, and homeowners insurance. And when someone, especially a Floridian, talks about hurricane insurance, they're usually talking about a combination of these policies. We have a combination of homeowners insurance and federally-backed flood insurance through FEMA.

Persons: —, I'd, I've Organizations: Service, FEMA, The Florida Department of Health Locations: Florida, Northeast, United States

☆ 100 million Squishmallows sold in a year — How the toy sensation joined Warren Buffett's conglomerate
▼ + stars: | 2023-07-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Shrewd business legend Warren Buffett has a whimsical side, buying companies whose products he personally enjoys like Dairy Queen and See's Candies. Berkshire inherited Squishmallows parent Jazwares through its acquisition of Alleghany in the fourth quarter of 2022. Jazwares founder and president, Judd and Laura Zebersky, now report to and are in regular communication with Greg Abel, Berkshire's vice chairman for non-insurance operations and Buffett's successor. We're thrilled to be part of it," Laura Zebersky said in an interview. Often Buffett admires the business' management and expects it to continue to grow and remain profitable.

Persons: Warren Buffett, Squishmallows, Charlie Munger, Judd, Laura Zebersky, Greg Abel, Berkshire's, Buffett, Abel's, he's, Abel Organizations: Berkshire Hathaway, Berkshire Locations: Omaha , Nebraska, Omaha, Charlie Munger . Berkshire, Alleghany, South Florida

☆ DeSantis is now a millionaire. Unfortunately, he still has student loans to pay off.
▼ + stars: | 2023-06-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

DeSantis made over $1 million for his book advance when he wrote "The Courage to Be Free." Ron DeSantis almost quadrupled his net worth in a year, thanks to a seven-figure payday from his bestselling memoir, "The Courage to be Free." A year earlier, DeSantis' net worth was nearly $319,000. The lift in salary was largely thanks to a $1.25 million book advance DeSantis got from Broadside Books, the conservative arm of HarperCollins Publishing that is owned by Rupert Murdoch's News Corp. Since filing his last financial disclosure, DeSantis lowered the amount he owes on his student loans slightly, from $21,284.92 to $18,628.66.

Persons: DeSantis, they've, —, Ron DeSantis, Joe Biden's, Donald Trump, Trump, “, Joe Raedle, Casey DeSantis, Hillary Clinton, Mike Pence, GOP Sen, Tim Scott of, Sen, Elizabeth Warren of, he'd Organizations: Be, Service, Gov, Broadside Books, HarperCollins Publishing, Rupert Murdoch's News Corp, Republican, Trump Organization, Forbes, New York Times, Ivy League, Navy, Associated Press, Florida Gov, House, Museum, Federal, Commission, Trump, GOP, Democratic Locations: Florida, Florida's, Beach , Florida, Orange, Pinellas Park , Florida, Tim Scott of South Carolina, Elizabeth Warren of Massachusetts, Dunedin , Florida

☆ Pippa Garner’s Wild Ride
▼ + stars: | 2023-06-30 | by ( Evan Moffitt | ) www.nytimes.com time to read: +1 min

High-heeled roller skates, a palm-frond umbrella and a shower in a can — these are just a few of Pippa Garner’s hundreds of inventions. For the past 50 years, the artist has been satirizing U.S. consumer habits with designs that are not always entirely useful. Few things have escaped her restless, imaginative tinkering, from automobiles to her own body, which she began, in her words, “gender-hacking” in the mid-1980s. That may be why the art world establishment long treated Garner, 81, as a fringe character, more madcap inventor than conceptual artist in the tradition of Marcel Duchamp or Andy Warhol. There are T-shirts printed with Garner’s sardonic proto-meme images and slogans, including one featuring the actor Gary Busey and the words “I pay my stalker a living wage” in all caps.

Persons: Pippa Garner’s, Garner, Marcel Duchamp, Andy Warhol, Omi, Gary Busey, Johnny Carson, ” Locations: Columbia County, N.Y

☆ A former Instagram product manager breaks down the company's 2 key characteristics and how they could help or hurt its Twitter competitor
▼ + stars: | 2023-06-30 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +5 min

Insider spoke with a former Instagram product manager to better understand the platform's decisions. But Eric Wei — a former Instagram product manager from 2017 to 2019, and cofounder of creator fintech startup Karat — has spent years decoding it. But Instagram's ethos was its own downfall when it came to rolling out the IGTV product and separate app. The only other alternative, then, is adding a Twitter-like feed to the main Instagram app. "It's almost this predetermined life cycle of a social consumer app," Wei said, adding that Facebook has already gone though this phase.

Persons: Instagram, Eric Wei —, —, Wei, didn't, Oprah, Kevin Systrom, IGTV, We've, Adam Mosseri, Instagram's, Mary Organizations: Twitter, Facebook, YouTube, Meta Locations: Instagram

☆ White House releases report on reflecting sunlight to cool the earth, no formal study planned now
▼ + stars: | 2023-06-30 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

The Biden-Harris administration has no plans underway to launch a comprehensive research program into solar radiation modification, according to a senior administration official. 'Risk vs risk'For decades, solar radiation modification has been relegated to the realm of science fiction. The White House report focuses on two methods of solar geoengineering. But it also has a lot of unknown risks — what the White House report called "known unknowns." Critically, solar radiation modification is not a permanent solution.

Persons: Harris, Chelsea Thompson Organizations: Biden, White, Office of Science, Technology, Consolidated, NOAA, SRM, European Union, European Commission Locations: United States

☆ Something Navy's CEO is out as Arielle Charnas' company stops producing clothing, closes stores, and explores a sale
▼ + stars: | 2023-06-29 | by ( Katie Warren | ) www.businessinsider.com time to read: +13 min

Its CEO is leaving the company, most employees have either quit or been laid off, and production of new clothing is on hold, several people told Insider. Several people told Insider last year that Charnas was furious with Scanlan for keeping her in the dark about the company's struggles. Arielle Charnas recently said on Instagram that "a lot of changes had to be made" at Something Navy. (The company's founder told Insider that Package Free finally paid them this week after dodging them for a year.) Scanlan's spokesperson told Insider that a sale of Something Navy was on the horizon.

Persons: Charnas, Matt Scanlan, Scanlan, Bradstreet, Arielle Charnas, Monica Schipper, who's, Matt, he's, Darian DiCianno, Charnas hasn't, they'd, Brandon, he'd, Eugene Gologursky, Silas Chou, Jenny Fleiss, Ivory Ella, They're, Betty Wang, cofounding Naadam, Blue, Thakoon's, Laura Cook, Michael Yeager, Elisa Giorgi, Bailey Miller, Scanlan's Organizations: Navy, Associates, Something Navy, company's, Saks Fifth, Hamptons, Naadam, Los, Nordstrom, United, Blue, & $ Locations: Jersey, Charnas, India, Hong Kong, Los Angeles, New, Newport Beach , California, Its New Jersey, stiffing

[1/4] Spanish Labour Minister Yolanda Diaz reacts during a campaign rally for her new left-wing umbrella party Sumar in the southern district of Orcasitas, Madrid, Spain, June 24, 2023. POPE'S BLESSINGOnce a Communist, Diaz now shies away from labelling herself as such or appealing solely to left-wing voters, although she rarely misses an opportunity to criticise capitalism. "We need better wages, especially in a country where the causes of inflation are tremendous corporate margins," she said. Two days later, Diaz registered Sumar, which first surfaced as a loose movement to unite the left in 2022, as a potential kingmaker bloc to run in the election. Reporting by Belén Carreño and Elena Rodríguez in Madrid; editing by Andrei Khalip and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Yolanda Diaz, Isabel Infantes, Pedro Sanchez, Diaz, Sanchez, Vox, Sanchez's, Shostakovich, Billie Eilish, Pope Francis, Pope, Podemos, Belén Carreño, Elena Rodríguez, Andrei Khalip, Mark Heinrich Our Organizations: Spanish Labour, REUTERS, Socialists, Reuters, Socialist, People's Party, Spanish Socialist Workers ' Party, PSOE, Communist, Spanish Catholic Church, Thomson Locations: Orcasitas, Madrid, Spain, MADRID, Sanchez's, Ukraine

☆ Here's a list of weight-loss drugs in development and awaiting approval to take on Ozempic
▼ + stars: | 2023-06-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +10 min

The company's chief rival, Denmark-based Novo Nordisk (NVO), also published promising data on drugs in its pipeline, including its own oral weight-loss treatment. Other pharmaceutical companies are racing to compete with Novo Nordisk and Eli Lilly, including Amgen (AMGN) and Pfizer (PFE). Barclays on Tuesday projected Eli Lilly's three leading obesity-and-diabetes drugs could generate nearly $49 billion in combined sales in 2030. Eli Lilly Eli Lilly has multiple drugs in development that fall under the GLP-1 umbrella in various stages of clinical development. Novo Nordisk Novo Nordisk currently dominates the market for GLP-1 drugs, with three products in the class on the U.S. market already: Ozempic, Wegovy and Rybelsus.

Persons: It's, Eli Lilly, Eli Lilly's, retatrutide, Lilly, there's, Lilly's, Geoff Meacham, Eli Lilly Eli Lilly, Jim Cramer, Evan David Seigerman, —, — Morgan Stanley, Wegovy, Rybelsus, Jim Cramer's, Jim, Mike Segar Organizations: Club, Novo Nordisk, New England, of Medicine, American Diabetes Association, Pfizer, Reuters, Barclays, Bank of America, CNBC, JPMorgan, Drug Administration, Equity, BMO Capital, Novo Nordisk Novo Nordisk, GLP, FDA, Nordisk, Company Locations: San Diego, Denmark, GLP, It's, Novo, Novo Nordisk's, Branchburg , New Jersey

☆ Some advisors are flocking to alternative investments, survey finds. What investors need to know
▼ + stars: | 2023-06-27 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

After a tough year for the stock and bond markets in 2022, some advisors are turning to alternative investments, according to a new survey from the Financial Planning Association. Nearly 30% of advisors are actively investing in or seeking alternative investments, or "alternatives," for clients, the findings show. These assets typically fall outside traditional investments in publicly traded stocks, bonds and cash. Some investors are drawn to alternatives for diversification, lowering portfolio risk and boosting returns, said certified financial planner Ashton Lawrence, director at Mariner Wealth Advisors in Greenville, South Carolina. It's not zeroHow jobless workers use side gigs to make ends meetIndeed, "diversification" and "risk mitigation" were top objectives among advisors who recommend alternatives, according to the FPA survey.

Persons: Ashton Lawrence, Lawrence Organizations: Financial, Association, Mariner Wealth Advisors, Finance Locations: Greenville , South Carolina

☆ Economy at critical juncture in inflation fight: central-bank body
▼ + stars: | 2023-06-26 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

"The global economy is at a critical juncture. Stern challenges must be addressed," Agustin Carstens, BIS general manager, said in the organisation's annual report published on Sunday. It is the first time that, across much of the world, a surge in inflation has co-existed with widespread financial vulnerabilities. The longer inflation remains elevated, the stronger and prolonged the required policy tightening, the BIS report said, warning that the possibility of further problems in the banking sector was now "material". Commenting further on the economic picture, Carstens, former head of Mexico's central bank, said the emphasis was now on policymakers to act.

Persons: Stern, Agustin Carstens, Claudio Borio, Borio, Marc Jones, Emelia Sihtole Organizations: BIS, LONDON, Bank for International Settlements, Reuters, Reuters Graphics Reuters, Silicon Valley Bank, Credit Suisse, Bank of America, U.S . Federal Reserve, European Central Bank, Thomson Locations: Britain, Norway, Silicon

☆ Central bank body BIS warns world economy at critical juncture in inflation fight
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: +4 min

The world's central bank umbrella body, the Bank for International Settlements (BIS), called for more interest rate hikes in its 2023 annual report, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Aaron Chown - Pa Images | Pa Images | Getty ImagesThe world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. If interest rates get to mid-1990s levels the overall debt service burden for top economies would, all else being equal, be the highest in history, Borio said. Banking crisesThe Swiss-based BIS held its annual meeting in recent days, where top central bankers discussed the turbulent last few months. Commenting further on the economic picture, Carstens, former head of Mexico's central bank, said the emphasis was now on policymakers to act.

Persons: Aaron Chown, Stern, Agustin Carstens, Claudio Borio, Borio Organizations: Bank for International Settlements, BIS, Reuters, Silicon Valley Bank, Credit Suisse Locations: Britain, Norway, Silicon

☆ London stocks hit three-month low dragged by defence stocks; Aston Martin surges
▼ + stars: | 2023-06-26 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) slipped 0.4%, hitting a three month low as the aerospace and defence sector (.FTNMX502010) lost 2.1% after fighters of the Wagner group attempted a mutiny in Russia over the weekend. "Defence stocks tend to benefit from bad news in terms of geopolitical tensions," said Christopher Peters, trading floor manager at Accendo Markets. Britain's biggest defence company BAE Systems (BAES.L) slumped 3.1%, dropping to the bottom of the FTSE 100. The more domestically-focussed FTSE 250 midcap index (.FTMC) also fell 0.5%, touching a three-month low. Among individual stocks, Cineworld Group (CINE.L) dropped 28.9% after the cinema chain operator said it will file for administration as part of a proposed restructuring plan.

Persons: Russia Cineworld, Aston Martin, carmaker Aston Martin, Wagner, Christopher Peters, JP Morgan, Shashwat Chauhan, Sherry Jacob, Phillips Organizations: Defence, U.S, EV, Lucid, carmaker, Accendo, BAE Systems, Lloyds, Bank of England, Bank for International, Cineworld, Thomson Locations: Russia, Bengaluru

☆ Morning Bid: World markets calm after Russia drama
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +5 min

More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. For Russian markets themselves, the rouble slipped to 15-month lows - but it too had been falling last week as oil prices ebbed. Largely now isolated from western investment, Russian stocks fell about 1%. U.S. Treasury yields slipped lower, perhaps with a smidgen of a safety bid from the weekend events helping too. Turkey's lira slid again to record lows after the central bank took steps to simplify rules governing lenders' holdings and foreign deposits after a sharp but underwhelming interest rate rise last week.

Persons: Mike Dolan, uneasily, Vladimir Putin, Leonardo, Raphael Bostic, James Bullard, Loretta Mester, Ed Osmond Organizations: Wall, Saab, Rheinmetall, Brent, . U.S, Treasury, Bank for International Settlements, HSBC, Dallas Federal, Central Bank, Central Banking, Atlanta Federal Reserve, St Louis Fed, Cleveland Fed, PMI, Thomson, Reuters Locations: U.S, Ukraine, Moscow, Shanghai, Europe, United States, ., Canary Wharf, London, Sintra, Portugal

☆ World economy at critical juncture in inflation fight, central-bank body warns
▼ + stars: | 2023-06-25 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

Stern challenges must be addressed," Agustin Carstens, BIS general manager, said in the organisation's annual report published on Sunday. It is the first time that, across much of the world, a surge in inflation has co-existed with widespread financial vulnerabilities. The longer inflation remains elevated, the stronger and prolonged the required policy tightening, the BIS report said, warning that the possibility of further problems in the banking sector was now "material". "Very high debt levels, a remarkable global inflation surge, and the strong pandemic-era increase in house prices check all these boxes," the BIS said. Commenting further on the economic picture, Carstens, former head of Mexico's central bank, said the emphasis was now on policymakers to act.

I opened up a new bank account to save on ATM fees during a trip to Japan. At the last minute, one more question came to mind: Did I need a new debit card for the trip? The rest of my foreign payment strategiesIn my travel experience, the most important card you need while traveling is a credit card with no foreign transaction fees. If you select your own currency, the credit card issuer may charge an extra fee for converting the funds. When you take out foreign currency, you will have to get it converted back to your regular currency at the end of the trip.

Persons: —, it's Organizations: Service Locations: Japan

☆ Drug discovery and 'techbio': What Europe's health startup investors are betting on in 2023
▼ + stars: | 2023-06-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

They named drug discovery and the emerging 'techbio' sector as areas of interest. COVID-19 fueled huge interest in health-tech startups, with VCs pouring a record $25.1 billion into health and biotech startups in 2021. Startups in the space are bringing new applications of tech to fields such as drug discovery, bioengineering, and patient care. VCs are still betting on drug discoveryEven though funding into drug discovery startups has significantly stalled this year, at just $126 million, startup valuations have picked up since 2022. Health-tech VCs won't splurge cashWhile COVID-19 did give healthtech startups a chance at the spotlight, they were still overshadowed by their counterparts in fintech and software-as-a-service.

Persons: techbio, healthtech Organizations: Morning, VCs, pharma, Big Pharma Locations: fintech, Munich, Germany, Europe

"It was a day of pain and rage," demonstrator Luisa Menendez, 73, told Reuters, referring to June 24, 2022. In a report released to mark the anniversary, Amnesty International accused Spain and Morocco of a cover-up for failing to properly investigate events at the Melilla border last year. In the incident, around 2,000 migrants and refugees from sub-Saharan Africa attempted to enter Melilla from Morocco. Separately, the Council of Europe Commissioner for Human Rights said last month there is "no genuine and effective access to asylum at the border" between Nador (Morocco) and Melilla. Reporting by Joan Faus and Elena Rodriguez Editing by Alexandra Hudson and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Luna Reyes, Read, Luisa Menendez, Spain, Beatriz Sanchez, Joan Faus, Elena Rodriguez, Alexandra Hudson, Frances Kerry Organizations: Borders, Moroccan, Reuters, Amnesty International, Amnesty, Spain's Interior Ministry, Migration Affairs, of, Human Rights, Thomson Locations: Spanish, Morocco, Spain, El, Ceuta, MADRID, BARCELONA, Europe, Melilla, Madrid, Africa, Nador

☆ Russian attack helicopters showed up in force on the front lines and have been putting dents in Ukraine's armored assaults
▼ + stars: | 2023-06-22 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +9 min

These activities are a detriment to the Ukrainian counteroffensive, but Kyiv's forces appear to be adapting. In this situation, "Russian forces deployed aviation in a way they haven't recently, to front-line positions, and were able to use it more successfully than they have in the past," he said. Russian Air Force Mil Mi-8 and Kamov Ka-52 "Alligator" attack helicopter Leonid Faerberg/SOPA Images/LightRocket via Getty Images"We haven't seen Russian forces really use aviation super extensively on the front line," Bailey said, adding "they have been concerned about having aviation losses." "Ukrainian forces are having to adapt to how Russian forces are employing these in southern Ukraine," he said, noting that they are seeing signs of that as the Ukrainians set the stage for their main attack. Ukraine hasn't committed the bulk of its dedicated counteroffensive forces to a major assault operation, and, as ISW's George Barros said recently, "big fireworks are still to come."

Persons: —, Volodymyr Zelenskyy, Riley Bailey, Bailey, Kamov, Leonid Faerberg, it's, VITALY TIMKIV, Wagner, Karolina Hird, It's, Ukraine hasn't, George Barros Organizations: Service, Senior Ukrainian, BBC Wednesday, Institute for, Russian Air Force, Getty, Operations, Ukraine, Bakhmut, CNN, Fox News Locations: Russia, Ukraine, Ukrainian, Russian, Russia's Krasnodar, AFP, Donetsk, Zaporizhzhia, Oblast

☆ Global watchdog seeks action on 'too little, too late' corporate goodwill writedown
▼ + stars: | 2023-06-22 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, June 22 (Reuters) - Tougher accounting rules may be needed that force companies to write down goodwill faster and stop "overly optimistic" calculations, a global securities watchdog said on Thursday. Goodwill refers to the premium a company has paid for another company, above the net value of its assets. Too little, too late refers to companies suddenly slashing goodwill when major profitability issues emerge. IOSCO is an umbrella group for securities regulators from the United States, Canada, Latin America, Europe and Asia. Since the financial crisis, total goodwill of S&P 500 companies in the United States has more than doubled from $1.6 trillion in 2008 to $3.7 trillion in 2021, IOSCO said.

Persons: IOSCO, FASB, Huw Jones, Elaine Hardcastle Organizations: International Organization of Securities Commissions, European Union, Accounting, EU, ., Thomson, & $ Locations: United States, Canada, Latin America, Europe, Asia, Britain

☆ Emma Watson’s ‘levitating’ dress is confusing the internet
▼ + stars: | 2023-06-21 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +1 min

CNN —Did someone say Wingardium Leviosa? “Harry Potter” fans are asking whether Emma Watson’s new dress may be the result of some Hogwarts wizardry. The star, who played Hermione Granger in the blockbuster movies, posted a picture of herself wearing the gravity-defying sky-blue gown on Instagram on Monday. The dress is not ‘hanging from her ears’ or ‘Photoshopped’, the dress is designed to have ‘bones’, it’s just couture. Renais is our love letter to Chablis; is carbon-neutral, lovingly made from upcycled grapes.

Persons: Harry Potter ”, Emma Watson’s, Hermione Granger, Loewe, Carolina__emme, ’, ” Watson, Duchess, Alex, Watson, “, Emma ” Organizations: CNN, Twitter Locations: Spanish, Ginspiration, Chablis

☆ Putin says Russia's new Sarmat nuclear missiles soon ready for deployment
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, June 21 (Reuters) - President Vladimir Putin said on Wednesday that Russia's new generation of Sarmat intercontinental ballistic missiles, which are capable of carrying 10 or more nuclear warheads, would soon be deployed for combat duty. In a speech to new graduates of military academies, Putin stressed the importance of Russia's "triad" of nuclear forces that can be launched from land, sea or air. "The most important task here is the development of the nuclear triad, which is a key guarantee of Russia's military security and global stability," he said. Putin has repeatedly said since the start of the Ukraine conflict that Russia is ready to use all means, including nuclear weapons, to defend its "territorial integrity". The new Sarmat missile is designed to carry out nuclear strikes on targets thousands of missiles away in the United States or Europe.

Persons: Vladimir Putin, Putin, Sergei Shoigu, Dmitry Rogozin, Rogozin, Mark Trevelyan, Gareth Jones Organizations: Strategic Missile Forces, Defence, George's, Russia, Ukrainian, Reuters, Thomson Locations: MOSCOW, Ukraine, Russia, United States, Europe, Krasnoyarsk, Siberia, Moscow, Soviet

☆ Pride organizers describe timid sponsors and tighter security but no mass corporate retreat
▼ + stars: | 2023-06-20 | by ( Sara Ruberg | ) www.cnbc.com time to read: +8 min

Many Pride organizers across the country say high-profile brand backlashes, restrictive legislation and heightened threats against LGBTQ people have fueled record crowd turnout this year. Most of the Pride organizers NBC News spoke with, including Snider, declined to identify corporate sponsors that shrunk their involvement or visibility, concerned about alienating important financial backers. Like Indy Pride, Pride organizations are typically nonprofit organizations that also offer year-round services to the LGBTQ community, such as grants, educational events and support for political activism. Josh Coleman, president of Central Alabama Pride in Birmingham, said some longtime corporate sponsors dropped out this year, including Wells Fargo. Kendra Johnson, executive director of Equality NC, said threats against the community and Pride events have risen dramatically throughout North Carolina.

Persons: InterPride, Shelly Snider, Snider, We've, Bud Light, Josh Coleman, Wells Fargo, It's, Coleman, we've, hasn't, Vanessa Rodley, didn't, Charles Schwab, Wells, Bruce Starr, Pride, Seth McCollough, McCollough, haven't, they've, Kendra Johnson, I've, Johnson, Ron deHarte, deHarte Organizations: Boston Red Sox, Pride, Fenway, Indy, NBC, Indy Pride, Central Alabama Pride, Memphis's, Kroger, Terminix, South Pride, Nike, Ford, Equality, United States Association of Locations: Boston, U.S, Indianapolis, Birmingham, Wells, Tennessee, Memphis, Auburn , Alabama, Plains, Midwest, South, bluer, New York City, Charleston , South Carolina, North Carolina

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