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☆ Biden administration pauses one ammunition shipment to Israel amid war on Gaza
▼ + stars: | 2024-05-05 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: 1 min

CNN —The Biden administration paused a shipment of US-made ammunition to Israel, according to a source familiar with the matter, who did not disclose why the decision was made. The hold is not connected to a potential Israeli operation in Rafah and doesn’t affect other shipments moving forward, the source said. Asked about the paused shipment, a National Security Council spokesperson cited ongoing security assistance to Israel. “The United States has surged billions of dollars in security assistance to Israel since the October 7 attacks, passed the largest ever supplemental appropriation for emergency assistance to Israel, led an unprecedented coalition to defend Israel against Iranian attacks, and will continue to do what is necessary to ensure Israel can defend itself from the threats it faces,” the spokesperson said. Axios first reported the paused ammunition shipment.

Persons: CNN —, Biden, “, Axios Organizations: CNN, National Security Locations: Israel, Rafah, United States

☆ Man Behind California Forever, Silicon Valley's City of the Future
▼ + stars: | 2024-05-05 | by ( Hugh Langley | Adam Rogers | ) www.businessinsider.com time to read: +29 min

He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.

Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, —, Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe

☆ Many Gen Zers in their 'decisive decade' are leaving school and struggling to find work. They're part of America's disconnected youth.
▼ + stars: | 2024-05-05 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Read previewYoung Americans are feeling increasingly isolated from their offices and classrooms, and these "disconnected youth" — or "opportunity youth" — may be ill-positioned for the future. Loneliness and a tough job market are leaving many Gen Zers feeling stuck, isolated, and unsupported. In fact, they're members of the disconnected youth — defined as Gen Zers who are not in school and not working. Disconnected youth are at risk of long-term stagnationMost Gen Zers — who are between the ages of 12 and 27 — are in this decisive decade. How to help disconnected youthAlthough many disconnected youth struggle with school and work, researchers cautioned against a "one size fits all" solution.

Persons: —, Gen Zers, Richard Reeves, Reeves, Zers, aren't, Zers —, Jonathan Zaff, Ian Rowe, Lara Aknin, Zaff, Zer, isn't Organizations: Service, Brookings, Business, Federal Reserve Bank of Dallas, National Center for Education Statistics, Boston University, American Enterprise Institute, Partnership Locations: North America, Brookings

☆ Campaign Updates: At the R.N.C. donor retreat, Trump calls the Biden administration the ‘Gestapo.’
▼ + stars: | 2024-05-05 | by ( Maggie Haberman | Shane Goldmacher | ) www.nytimes.com time to read: +8 min

“You have to respect the office of the presidency,” Mr. Trump said. “When you are Democrat, you start off essentially at 40 percent because you have civil service, you have the unions and you have welfare,” Mr. Trump said on Saturday. director whom Mr. Trump fired amid an investigation into Mr. Trump and his campaign, was connected to the Blagojevich investigation. Mr. Trump also mocked the physical appearance of Jack Smith, the special counsel who has indicted him twice. At another point, Mr. Trump said that if anyone wanted to donate $1 million to the R.N.C.

Persons: Donald J, Trump, Biden’s, ” Mr, Trump baselessly, Biden, “, Mr, ”, William P, Barr, Michael Whatley, Mitt Romney, Hope Hicks, Rod Blagojevich, Blagojevich’s, James B, Blagojevich, Jack Smith, Smith, Mike Johnson, Roe, Wade, Trump’s, — Susie Wiles, Chris LaCivita, Tony Fabrizio — Organizations: Republican National Committee, The New York Times, Trump, Democratic, Mr, Sun Locations: New York, Florida, Palm Beach, Fla, Manhattan, Illinois, Minnesota, Virginia, Nevada , Arizona, Georgia, North Carolina, Pennsylvania, Michigan, Wisconsin

☆ Opinion: The magic art of changing your mind
▼ + stars: | 2024-05-04 | by ( Opinion Tess Taylor | ) edition.cnn.com time to read: +7 min

The poem shows a human speaker in the vulnerable act of changing their mind. Keats doesn’t want to be in the sky, eternally (and probably uncomfortably) unblinking, or even to be an “Eremite,” — which is just a fancy word for hermit. Keats doesn’t want to be distant at all, it turns out. It was the poem’s role to change its mind out loud, by setting out one way and then changing course. I’m not saying that poetry doesn’t have a place to hold our rage.

Persons: Tess Taylor, John Keats, Tess Taylor Adrianne, Keats, Keats doesn’t, he’d, He’s, what’s, certainties, ”, —, WB Yeats, I’m Organizations: “, CNN, Hulton, Twitter, WB Locations: absolutes

☆ When I was a single parent, I introduced my new partner and kid quickly. I'd do it more slowly if I were single again.
▼ + stars: | 2024-05-04 | by ( Stephanie Kaloi | ) www.businessinsider.com time to read: +5 min

I introduced him to my son fairly quickly, and if I was single again, I might do it differently. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If you're in love and you have a kid you love, naturally, you want both of your loves to love each other, right? I had spent over a decade married to one person, and was very much still in a marriage mindset when I met my partner.

Persons: —, I'd, Gwyneth Paltrow, Brad Falchuk didn't Organizations: Service

☆ King Charles and UK royals to relinquish dozens of patronages
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: +1 min

King Charles III attends the Sunday service at the Church of St Mary Magdalene on the Sandringham estate on January 7, 2024 in Sandringham, England. King Charles and other senior British royals are to relinquish patronages of almost 200 charities and organizations after a review of their association with more than 1,000 groups, Buckingham Palace said on Saturday. Elizabeth was patron of 492 organizations, while Charles was affiliated to 441 and Camilla 100. Organizations are able to apply to have a royal patron who in return can provide publicity for their work and help their achievements to be widely recognised. Conclusions of the review will be shared among the relevant organizations this week, which marks the first anniversary of Charles and Camilla's coronation, the palace said.

Persons: King Charles III, St Mary Magdalene, King Charles, Buckingham, Queen Elizabeth, Charles, Queen Camilla, Elizabeth, Camilla 100, Craig Bennett, Camilla's Organizations: St, Royal British Legion, Dogs Trust, Jockey Club, Wildlife, Wildlife Trusts Locations: Sandringham, Sandringham , England

☆ Universities Roiled by Protests Set to Hold Graduations
▼ + stars: | 2024-05-04 | by ( John Yoon | Emily Cochrane | ) www.nytimes.com time to read: +6 min

Dr. Orleck, 65, was zip-tied and was one of 90 people who were arrested, according to the local police. It was unclear what disciplinary action, if any, the arrested students would face from the university. In her message, Dr. Beilock strongly defended the decision to sweep away the encampment. As the police moved in, arresting students, Dr. Orleck said she started taking videos. Dr. Orleck, she said, was recording the police with her phone.

Persons: Annelise Orleck, Caleb Kenna, Annelise, Orleck, Sian Leah Beilock, Beilock, ”, —, Dr, ” “, “ I’ve, I’ve, Dartmouth, James M, Israel —, “, They’re, ’ ”, Ivy Schweitzer, “ Annelise, ” Dr, Schweitzer, ” Jenna Russell, Sheelagh McNeill Organizations: Dartmouth College, The New York Times, Dartmouth, Wednesday, Valley, Associated Press, Columbia, New York Times, Hanover Police Department Locations: Gaza, Hanover, N.H, Dartmouth, Israel

Great Barrier Reef, Australia CNN —As the early-morning sun rises over the Great Barrier Reef, its light pierces the turquoise waters of a shallow lagoon, bringing more than a dozen turtles to life. CNN witnessed bleaching on the Great Barrier Reef in mid-February, on five different reefs spanning the northern and southern parts of the 2,300-kilometer (1,400-mile) ecosystem. “It’s a die-off,” said Professor Ove Hoegh-Guldberg, a climate scientist at the University of Queensland in Australia and chief scientist at The Great Barrier Reef Foundation. Our destination is Lady Elliot Island, a remote coral cay perched on top of the southern end of the Great Barrier Reef. — Lady Elliot Island Eco Resort Guano miners once stripped Lady Elliot Island of its topsoil.

Persons: Elliot Island, ”, Kate Quigley, “ We’re, Ove Hoegh, I’m, Guldberg, ‘, Elliot, Peter Gash, “, ” Gash, Lady Elliot, ” Peter Gash, CNN Gash, Derek Manzello, Peter Harrison, “ We’ve, ” Harrison, ” David Ritter, ” Ritter, David Wachenfeld Organizations: Australia CNN —, Atmospheric Administration, NOAA, CNN, Minderoo, University of Queensland, Eco, Reef Watch, Southern Cross University, Australian Institute of Marine Science, Greenpeace, Australia CNN Scientists, AIMS Locations: Australia, El, Brisbane, Queensland, Red Sea, Indonesia, Seychelles, Caribbean, Florida, “, New South Wales, Greenpeace Australia, Briggs, Elliot Island

☆ My daughter prefers going by a short nickname than her long name. I wish I had just named her that.
▼ + stars: | 2024-05-04 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

I found out we were having another girl early on in the pregnancy, and my husband and I started tossing around monikers. In school, she started requesting to go by her nicknameElla settled into our family perfectly, but her name occasionally nagged at me. I couldn't blame her — what preschooler would want to spell out Elizabeth when Ella would cut it? In trying to explain a nickname to Ella, I've realized just how complicated the concept is. I have yet to find a good way to explain it, though I point out other loved ones with formal names, like my dad William, who exclusively goes by Bill.

Persons: I'd, Harriet, Rose, Elizabeth, Elle, Ella, weren't, Liz, I've, William, Bill Organizations: Service

☆ It's been difficult to stay connected with my college friends post-graduation. We now schedule mini-reunions.
▼ + stars: | 2024-05-03 | by ( Sochima Richard | ) www.businessinsider.com time to read: +5 min

After college graduation, I was worried I'd lose contact with my friends; we started a group chat. I came in as a freshman, eager to explore the new life college would expose me to. The group chat slowly went quiet and then silent. I'm trying to connect with my college friends in new waysI quickly learned that to preserve a relationship — any relationship — you must be intentional. So, I planned a group call one weekend after the group chat had been dormant for a while.

Persons: I'd, — Organizations: Service

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ This rare muscle disease play can rally more than 50%, BofA says
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Avidity Biosciences stock has more room to run thanks to the company's pipeline of multiple treatments for rare muscle disorders, according to Bank of America. Avidity has a therapeutic platform — antibody oligonucleotide conjugates — that was well-received at the time it went public in 2020, Meacham said. But shares were hurt by a clinical hold on Avidity's leading program for treating an uncommon muscle disorder, DM1. The program, tested in the Marina trial, recently saw long-term data that has "helped lift that key overhang on the stock," Meacham said. Those catalysts are tied to two other drugs in the muscle disorder space that are expected to report data this year, according to Meacham.

Persons: Geoff Meacham, Meacham Organizations: Biosciences, Bank of America Locations: San Diego, Thursday's

☆ A 17-year-old high schooler began a side hustle on Amazon with $3,500 and scaled it to almost $700,000 in revenue over 3 years. Here's how she did it, plus the steps she's taking to turn it into a ful
▼ + stars: | 2024-05-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

She wanted to customize her own product and thought it could be a good business idea. Profits for growthTo date, Lin's sales on Amazon since 2022 are at $688,000 according to records of her Amazon account viewed by Business Insider. Despite those astronomical sales, Lin says she's still breaking even. She's now able to pay her team in China, but she's not yet paying herself a salary. She realized that not everything is a good business idea.

Persons: Bella Lin, Lin, she's, She's, Lin doesn't, TLeggings Organizations: Service, Business, Amazon Locations: China, Amazon

☆ Here are Thursday's biggest analyst calls: Ferrari, Netflix, Tesla, Nvidia, TJX, Carvana & more
▼ + stars: | 2024-05-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS upgrades Burlington to neutral from sell UBS said the outlook for Burlington is improving. Jefferies reiterates Netflix as buy After a change in analyst coverage, the firm says it's standing by its buy rating. UBS upgrades TJX Companies to buy from neutral UBS says the off-price retailer is a "growth stock with surprising upside." UBS downgrades CVS to neutral from buy UBS said it sees too much uncertainty for shares of CVS. JPMorgan upgrades Carvana to overweight from neutral JPMorgan upgraded Carvana following earnings on Wednesday.

Persons: Morgan Stanley, Ferrari, Mizuho, C27E, BURL, Jefferies, Rosenblatt, TD Cowen downgrades Wolfspeed, Cowen, Raymond James, Parsons, Ziff Davis, KBW, Piper Sandler, Cantor Fitzgerald, Tesla, Cantor, it's bullish Organizations: Nvidia, Mizuho, UBS, Netflix, Networks, Enterprise, Jefferies, CTV, TJX Companies, Department Stores, CVS, JPMorgan, Susquehanna, MGM, Bank of America, Community Bank, Piper, NYCB, ~$ Locations: Burlington, Las Vegas

☆ Peloton Chief Executive Steps Down as Company Cuts 15% of Staff
▼ + stars: | 2024-05-02 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Peloton said on Thursday that its chief executive, Barry McCarthy, was stepping down and it would lay off more workers, as it continued to struggle in the fitness market. The connected-fitness company announced disappointing quarterly earnings on Thursday, with revenue down 4 percent from last year. The company, which has not turned a profit since December 2020, is also looking to refinance more than $1 billion in debt. Peloton had a spectacular rise at the start of the pandemic, when gyms and fitness centers closed and consumers were hungry for at-home workout options. But after gyms reopened, Peloton began to face stiffer competition from companies like Bowflex and Lululemon.

Persons: Barry McCarthy, Kevin Dietsch Organizations: Spotify, Netflix

☆ Employers Flee Rich Coastal Cities for South, Sunbelt, As Workers Move
▼ + stars: | 2024-05-02 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

US job creation is shifting from rich coastal cities to the Sunbelt and Midwest. The shift is in large part a result of skyrocketing housing costs in coastal cities. This is in part because these cities have a lower cost of living — driven by lower housing costs — as big coastal cities have become increasingly unaffordable. At the same time, major coastal cities like New York City, Los Angeles, and Seattle saw their hiring shares decline. The richest coastal cities are also suffering from negative perceptions about safety and public order, and those reputations likely also play a role in people leaving.

Persons: —, Benzow, EIG Organizations: Service, Economic, Group, Hilton, Employers, Seattle Locations: —, EIG, San Francisco , New York, Los Angeles, Seattle, Boston, Gainesville , Georgia, South Carolina, Midwest, Wenatchee , Washington, Lansing , Michigan, American, New York City

☆ We're reading: Here's a helpful hint for people starting a media company in 2024
▼ + stars: | 2024-05-02 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Hunterbrook Media is a hedge fund that also does journalism. Or maybe a journalism startup that also runs a hedge fund. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCan a hedge fund also be an investigative journalism outfit? Then the journalists tell Hunterbrook's hedge fund arm about the stories they will publish about the company, so the fund can short the company (or invest in it).

Persons: — Organizations: Hunterbrook, Service, Hunterbrook Media, Business

☆ Sebastian Steudtner: Why big wave surfer feels most at ‘peace’ at the mercy of Mother Nature
▼ + stars: | 2024-05-02 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

Set against these watery-monoliths of Mother Nature, Steudtner looks totally vulnerable, but it’s a brief moment in time when the surfer feels most at peace. “It’s complete chaos and you would think, as an outsider, it’s terrifying,” the big wave surfer tells CNN Sport. Simon Hofmann/Getty ImagesBig wave surfing is certainly not for everyone. “It’s the largest physical energy in the ocean which is about to explode on the shore, and I realize how small, little, insignificant and nothing we are as humans compared to nature,” Steudtner says. I can ride the wave the way I want to ride the wave.

Persons: Sebastian Steudtner, Nature, “, Steudtner, Octavio Passos, he’s, ” Steudtner, ”, Simon Hofmann, I’m, Eric –, lumpy ”, Stefan Matzke, windsurfer Organizations: CNN, CNN Sport, “, German Navy Locations: Portugal, Nazaré, Europe, Hawaii, Germany

☆ I landed a dream internship at Tesla. Now I'm scrambling after the company cancelled my internship 3 weeks before I was set to start.
▼ + stars: | 2024-05-02 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Tesla is revoking summer internship offers as the automaker grapples with layoffs. One college senior said she was disappointed to lose her internship just weeks before she was set to start. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA college senior who scored a prestigious Tesla internship is scrambling to make new professional plans after the automaker revoked her offer less than three weeks before she was supposed to start. I was looking for a big corporate internship," Gura said.

Persons: Tesla, Brook Gura, —, Brook, Austin, Gura, wasn't, she'd, she's Organizations: Tesla, Service, University of Texas, Business, LinkedIn Locations: Brook Gura

☆ Top New York official asks Best Buy about its commitment to LGBTQ groups after conservative pressure
▼ + stars: | 2024-05-02 | by ( Matt Lavietes | Brooke Sopelsa | ) www.cnbc.com time to read: +8 min

The New York state comptroller sent a letter to Best Buy last week questioning whether the company changed its commitment to inclusivity and supporting LGBTQ groups. The comptroller's office manages the state's $207 billion public pension fund, which has invested in Best Buy. He also denied that the NCPPR pressured Best Buy to stop supporting LGBTQ groups in general. "This contentious and vast disagreement between radical gender theory activists and the general public has nothing to do with Best Buy selling electronics." Peck did not ask Best Buy to stop its donations to the HRC, saying in the email, "We understand that it's unrealistic for Best Buy to leave HRC in the near future because of their political clout."

Persons: Thomas DiNapoli, Corie, Barry, J, Patrick Doyle, DiNapoli, Scott Shepard, Shepard, Trevor, Carly Charlson, Charlson, Eric Bloem, Bloem, Ethan Peck, Peck, Marina Rizzo, hadn't, Rizzo Organizations: NBC News, Securities, Exchange Commission, National Center for Public Policy Research, Best, NBC, NCPPR's Free Enterprise, SAGE, GLAAD, Human Rights, SEC, NCPPR's Free Enterprise Institute, HRC, PRIDE Locations: York, States

☆ Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
▼ + stars: | 2024-05-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

In a letter to staff, McCarthy said the company needed to implement layoffs because it wouldn't be able to generate sustainable free cash flow with its current cost structure. "Achieving positive [free cash flow] makes Peloton a more attractive borrower, which is important as the company turns its attention to the necessary task of successfully refinancing its debt," McCarthy said in the memo. McCarthy had also expected Peloton to reach positive free cash flow by June — a goal the company said it reached early during its third quarter. In a letter to shareholders, Peloton said it generated $8.6 million in free cash flow but it's unclear how sustainable that number is. The company didn't provide specific guidance on what investors can expect with free cash flow in the quarters ahead but said it does expect to "deliver modest positive free cash flow" in its current quarter.

Persons: Barry McCarthy, McCarthy, Karen Boone, Chris Bruzzo, Jay Hoag, It's, John Foley, hasn't, Goldman Sachs, Boone, Barry, Bruzzo, —, hadn't, Creditsafe, it's, Foley Organizations: Interactive, Allen & Company Sun Valley Conference, Spotify, Netflix, JPMorgan, LSEG, outperformance, CNBC Locations: Sun Valley , Idaho, lockstep

☆ Peloton's CEO steps down as the company cuts 15% of staff
▼ + stars: | 2024-05-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday. After reaching new highs during the pandemic, the company has recalled products, laid off workers, and seen sales and its stock tank. McCarthy replaced John Foley as Peloton CEO and president in February 2022. But since then, the company has recalled products, laid off thousands of workers, and seen sales and its stock tank. It posted a net loss for the quarter of $167.3 million, down from $275.9 million for the same quarter in 2023.

Persons: Barry McCarthy, —, McCarthy, John Foley, Karen Boone, Chris Bruzzo Organizations: Service Locations: Ohio

☆ Affordable internet gave Native Americans a way to preserve community and culture. Now it’s another broken promise
▼ + stars: | 2024-05-01 | by ( Brian Fung | ) edition.cnn.com time to read: +12 min

Within weeks, the two-year-old US Affordable Connectivity Program (ACP) is set to run out of funds, and Congress appears unlikely to authorize more. Even as many older and rural Americans may be thrust into financial hardship due to the ACP’s collapse, indigenous communities could fare even worse. Because tribal members can now work remotely, they are no longer forced to move away from their communities to seek opportunity, they told CNN. For example, Mitchell said, after decades of decline in Mohawk fluency, a growing number of tribal members are now involved in online language immersion. (AP Photo/Seth Wenig) Seth Wenig/AP/FileInstead, some say, the collapse of the ACP will become another stain on the US government’s centuries-long track record of breaking promises to tribal communities.

Persons: Kelly, ”, “, “ That’s, ” Kelly, Mike Johnson, Pennsylvania Democratic Sen, John Fetterman, Fetterman’s, Jonathan Nez, “ I’ve, Loren King, Geoffrey Starks, ” Starks, Allyson Mitchell, Mitchell, Nez, ” Nez, Derrick VanSoolen’s, Choctaw, ” VanSoolen, they’re, Bois, Randy Long, Gary Johnson, Paul, Seth Wenig, I’ll Organizations: Washington CNN, Mohawk, CNN, Connectivity Program, FCC, Pennsylvania Democratic, Federal Communications Commission, Treasury, US Federal Communications Commission, Mohawk Networks, Navajo, ACP, Emergency, Program, Choctaw Nation, Bois Forte, Paul Bunyan Communications Locations: St, Lawrence, New York, Canadian, Mohawk, America, Navajo, Oklahoma, Oklahoma , Arizona, New Mexico, Alaska, South Dakota, Arizona, Minnesota, Regis

☆ A teen was found buried in concrete in a New York City building. A ring helped police learn her identity two decades later
▼ + stars: | 2024-05-01 | by ( Faith Karimi | ) edition.cnn.com time to read: +6 min

But this week, investigators finally revealed her identity: Patricia Kathleen McGlone, a 16-year-old who lived in Brooklyn. NYPDInvestigators believe Patricia was killed in late 1969 or early 1970 and buried in the basement of the building. With advanced forensics, they determined her parents’ identity and where they lived in Brooklyn, and scoured through local public documents. Decades earlier, around the time Patricia was believed to have been killed, the building housed a nightclub called The Scene, Glas said. The New York City Medical Examiner’s Office determined in 2003 that the skeleton belonged to a teenage girl who stood 5-foot-2.

Persons: CNN —, ”, Ryan Glas, Jane Doe ”, Patricia Kathleen McGlone, haven't, Patricia, Glas, Steve Paul, Jimi Hendrix, ” Glas, “, Bernard McGlone, Patricia Gilligan, Patricia’s Organizations: CNN, New York City Police Department, Brooklyn . Police, NYPD, Police, The New York, Medical, Office, Catholic Locations: Manhattan, New York City, Brooklyn, Glas

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