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Why Investors Are Heading Back to Ukraine
  + stars: | 2023-10-23 | by ( Chelsey Dulaney | ) www.wsj.com   time to read: 1 min
John Mazarakis got rich lending money to cannabis companies and running a chain of pizzerias along the Eastern Seaboard. His next big bet: houses and industrial parks in war-torn Ukraine. Mazarakis and the $2 billion asset manager he co-founded, Chicago Atlantic, are preparing to invest as much as $250 million in the country. He isn’t alone. Steel-nerved investors are trickling back into Ukraine, lured by the chance to help the country in its fight against Russia—and to score assets on the cheap.
Persons: John Mazarakis, isn’t, Russia — Organizations: Eastern Seaboard, Mazarakis, Chicago, Russia Locations: Ukraine
In 2019, after years of investing in and setting up food and beverage brands internationally, she founded dark-kitchen startup Kbox from London. But two years after this funding, large for an early-stage European startup, Vellani exited the business suddenly, citing health issues. "You're only judged on food quality, but if the chef is doing 10 times the work for same money, then it's a fundamental problem." Both Uber Eats and Deliveroo, after an initial burst of interest, would eventually go on to cut back on virtual brands. In an email comment, Vellani acknowledged her lack of direct technical experience but said she sought to fix this through other C-suite hires.
Persons: Salima Vellani, Uber, Travis Kalanick, Vellani, Butler, CloudKitchens, Kbox, MrBeast Burger, YouTuber MrBeast, Jimmy Donaldson, Influencer Jimmy Donaldson, Burger, Brexit, Vellani didn't, Karim Vellani, Karim, Ben Schultz, Nick Holloway, I've Organizations: Balderton, Hoxton Ventures, Reef Technologies, Lean, Network, United, Advisory Locations: London, Saudi, Revolut, COVID, Kbox, Sydney
Memon, who cofounded the artificial-intelligence healthcare startup Eureka Health, credits rucking with conditioning his body to keep up with his high-energy pup. Memon hiking around the Bay Area with a weighted backpack. She told Insider she'd seen an uptick in people interested in adding rucking and weight training to their outdoor activities like trail running and hiking. He doesn't ruck outside but wears a weighted vest purchased from Amazon while completing his routine in the gym, which includes time on the StairMaster as well as lifting traditional weights. The venture capitalist Zamir Shukho's dog, Lord Lincoln, wears a weighted vest on walks.
Persons: Zain Memon, Joy, Zain Memon Memon, Memon, It's, , Henry Merriam, REI, Wilson Kriegel, — Kriegel, Wendy Winn, she'd, Winn, Charlie Hale, I'm, Amanda Bradford, rucking, She's, Bradford, I've, Zamir Shukho's, Lord Lincoln, Zamir Shukho, begrudgingly, Vibranium.VC Organizations: Eureka Health, US Army, National Parks Service, Amazon, Group Locations: Buena Vista, Sutro, San Francisco, Silicon, TikTok, North, New York City, New York, Los Angeles, Austin , Texas, Bird, American Staffordshire
CNN —New York City has unveiled a sculpture paying homage to one of the city’s most enduring myths: Alligators lurking in the sewers. The sculpture shows a life-size gator wrapped around a New York City manhole cover, according to a news release from the Union Square Partnership. Designed by Swedish artist Alexander Klingspor, the bronze statue is on display at Union Square Park in Manhattan. Fittingly, the sculpture is entitled “N.Y.C Legend.” The piece will be on display until June 2024, according to the Union Square Partnership. The artwork was created in partnership with New York City Department of Parks and Recreation and Union Square Partnership, and funded by Swedish Mollbrinks Gallery, according to the news release.
Persons: Alexander Klingspor, Organizations: CNN, New, Union Square, Union Square Partnership, New York City Department of Parks and Recreation, Square Partnership, Swedish, Big Apple, gator, Bronx Zoo, The New York Times Locations: New York, Swedish, Manhattan, NYC, Harlem
Mr. Maduro came to power in 2013, after the death of Hugo Chávez, the founder of the country’s socialist-inspired revolution. Under Mr. Maduro, Venezuela, once among the richest countries in Latin America, has undergone an extraordinary economic collapse, leading to a humanitarian crisis that has sent more than seven million people fleeing. But the Maduro government and the opposition signed an agreement on Tuesday meant to move toward free and fair elections, including allowing the opposition to choose a candidate for next year’s presidential contest. Sunday’s election, however, will take place with no official government support. Instead, the vote is being organized by civil society, with polling stations in homes, parks and the offices of opposition parties.
Persons: Nicolás Maduro, Maduro, Hugo Chávez Locations: Maduro, Venezuela, Latin America
YouTuber SadlyItsBradley posted a video of himself taking the Meta Quest 3 headset to Disney World. AdvertisementAdvertisementMeta's new Quest 3 headset is best enjoyed on the go, according to YouTuber Bradley Lynch. To prove his point, the YouTuber took his mixed-reality headset for a day at Disney World. In the video, Lynch shows himself at Disney World walking around Epcot, looking at Cinderella's Castle, sitting on a ride, and watching a firework show, all while wearing the Quest 3. As someone who lives near Disney World, Lynch told Insider he visits the parks frequently, which allowed him to film himself at the park, and he'd probably wear the headset to it again.
Persons: YouTuber SadlyItsBradley, , YouTuber Bradley Lynch, Lynch, @Jaymayo_visits, he'd Organizations: Disney, Service, Google, Disney Security, New York Comic Con Locations: Epcot
Disney 's (DIS) first-ever breakout of ESPN's financials is another key step in CEO Bob Iger's turnaround for the embattled entertainment giant, displaying a stable top line and plenty of room for growth. For the nine months ended July 1, ESPN delivered $12.56 billion in revenue, according to this week's 8K government filing from Disney. The experiences division, which was basically unchanged in Iger's segment overhaul, had $24.39 billion during the first three quarters of fiscal 2023. Growing losses in Disney's linear TV assets may compel the company to sell all or some of them. We'll look for continued improvement when Disney's fiscal fourth-quarter earnings come out next month.
Persons: Bob Iger's, Iger, Disney, Morgan Stanley, Goldman Sachs, Goldman, We're, Jim Cramer's, Jim Cramer, Jim, Gabby Jones Organizations: Disney, ESPN, ABC, CNBC, Penn Entertainment, ESPN Bet, Hulu, Comcast, Pro, Iger, Bloomberg, Getty Locations: Brooklyn, New York
It is difficult to overstate just how much the design of modern trucks and SUVs threatens pedestrian safety. When coupled with an increase in speeding and a decrease in traffic enforcement, it is a recipe for greater pedestrian deaths. It almost goes without saying that pedestrian deaths are unevenly distributed among groups. Unfortunately, the path to drastically reducing pedestrian deaths is a steep one. It would require our cities to completely rethink their vehicle and pedestrian infrastructure, with an emphasis on reducing traffic speeds and redesigning streets to force drivers to slow down.
Organizations: Chevrolet Silverado Locations: United States
Federal Reserve Chairman Jerome Powell speaks during a meeting of the Economic Club of New York in New York City, U.S., October 19, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Should you lock in those high yields right now? But with 10-year Treasury yields surging to 5% — a 16-year high, many investors might now be tempted to lock in those high yields and buy into bonds.
Persons: Jerome Powell, Powell, Powell didn't, Dow, That's Organizations: Economic, of New, CNBC, Treasury, South, Disney, Vegas Sands Locations: of New York, New York City, U.S, Asia, Pacific, Vegas Sands
Rent makes up a significant portion of this, with the average cost of a home with at least three bedrooms being £1,356.69. But it is Germany that has the most cities in the top twenty family friendly cities: Nuremberg in sixth, Munich in thirteenth, Hamburg in fifteenth and Hanover in twentieth place. The monthly cost of family life there is £3,184.80 on average, just a few hundred pounds higher than Vienna. London does not even make it into the top twenty most family friendly cities in Europe, instead placing a distant sixty-ninth. The report notes that the average cost for childcare alone is £1,599.49 in England's capital.
Organizations: Hamburg, Hanover, Rome, Finland's Helsinki Locations: Europe, Vienna, Austria, European, Prague, Rome, Czech, Salzburg, Innsbruck, Italy, Trieste, Slovenia, Germany, Nuremberg, Munich, Paris, London
"Live events are having a moment as consumers want to get out and about," said John Harrison, Americas Media & Entertainment lead at EY. But over the past few years, established and upstart investors have seized the opportunity to capitalize on live events spending, which is outpacing media and entertainment spending overall. PWC projects live events revenue hitting $68.7 billion in 2024, up from $66.6 billion in 2019.Insider identified nine firms, listed alphabetically, that are making significant investments in live entertainment-related companies. It most recently led a $65 million round in Dice, an events discovery and ticketing platform for live events like comedy and drag cabaret. Courtesy of Shamrock CapitalThe Los Angeles-based investment firm has a long history of backing media, entertainment, and communications businesses.
Persons: Taylor Swift, hasn't, Tait, Scott Marimow, John Harrison, there's, Harrison, Coldplay, PEHub, Bluestone Equity Partners Bobby Sharma, Michael Weschler, Bobby Sharma, Bluestone, Juggernaut, Eric Kuhn, Tre, Scott, Matt Pincus, Pincus, Marimow, Shamrock Capital Andrew Howard, Marc Geiger, Alan Waxman's Organizations: Providence Equity Partners, Yankee, Wembley, Bluestone Equity Partners, Providence, Americas Media, Entertainment, Fourier, NBA, PMY, SoFi, New York's Citi, RWS, Apple, Holland America, Capital Partners, Street Journal, Folk Media Group, CBS, Microsoft, Folk Productions, Quest Entertainment, MUSIC, Liontree, JS Capital Management, Investments, Providence Equity Partners Providence Equity Partners, Theatre Group, Shamrock Capital, Sixth, Spain's, San Antonio Spurs, New York Yankees, Dallas Cowboys, Sixth Street Locations: Americas, Paris, Europe, Asia, Vegas, Fiume, Wilmington , Mass, Devon , Pennsylvania, Miami , Florida, North America, Providence, US, Germany, Los Angeles, SaveLive, Spain's Real Madrid, Real Madrid's
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Shaky marketsStocks slid on Thursday, with the Dow down over 250 points after Powell's speech and as the benchmark 10-year U.S. Treasury yield inched closer to the key level of 5%. Las Vegas Sands' Asia betThe world's largest casino company's recovery from the Covid-19 pandemic is gaining steam, and Asia is a big reason why. Las Vegas Sands announced it pulled in $1.12 billion in third-quarter adjusted property EBITDA, an important gauge of profitability in the gambling industry.
Persons: Jerome Powell, Powell, Powell didn't, Dow, That's Organizations: Economic, of New, CNBC, Treasury, Disney, Vegas Sands Locations: of New York, New York City, U.S, Vegas Sands, Asia
BEIJING (Reuters) - China is willing to strengthen co-operation and promote solidarity with Pakistan but has urged it to guarantee the safety of Chinese organisations and personnel working there, China's foreign ministry said, quoting President Xi Jinping. China is a major ally and investor in Pakistan but both separatist and Islamist militants have attacked Chinese projects over recent years, killing Chinese personnel. "We hope the Pakistani side will guarantee the safety of Chinese institutions and personnel in Pakistan," the ministry cited Xi as telling Kakar. Separatist insurgents in Pakistan's resource-rich Balochistan province say China has ignored warnings not to enter deals with the Pakistani government. China has also warned of the danger or Islamist militants in Pakistan.
Persons: Xi Jinping, Xi, Anwar ul Haq Kakar, Kakar, countries.China, Liz Lee, Robert Birsel Organizations: Initiative, Wednesday Pakistan, Shanghai Cooperation Organisation, Separatist Locations: BEIJING, China, Pakistan, Beijing, Pakistani, Balochistan
"Knowing you can win a campaign doesn't always mean you should run a campaign," Butler said on social media platform X, formerly known as Twitter. "I know this will be a surprise to many because traditionally we don't see those who have power let it go." Among Democrats seeking to replace Feinstein in heavily Democratic California are Congressional representatives Adam Schiff, Katie Porter and Barbara Lee. Senator, but her appointment also drew criticism because she had never held elective office and was not living in the state. Reporting by Sharon Bernstein; additional reporting by Kanishka Singh and Paul Grant; Editing by Rod NickelOur Standards: The Thomson Reuters Trust Principles.
Persons: Laphonza Butler, Rosa Parks, Butler, Sen, Dianne Feinstein, Gavin Newsom, Feinstein, Adam Schiff, Katie Porter, Barbara Lee, Steve Garvey, Sharon Bernstein, Kanishka Singh, Paul Grant, Rod Nickel Organizations: Congressional Black Caucus, Senate, Democrat, Republican, Black U.S, Thomson Locations: Hall, U.S, SACRAMENTO, Calif, California, Democratic California, Black
According to a Wednesday filing, the theme parks segment had more than $24 billion in overall revenue for the first nine months ended July 1. Theme park admissions alone accounted for nearly $8 billion of 2023's nine-month total, up 21% from the same period in 2022. Previously, Disney reported retail and wholesale sales of merchandise food and beverage as one category and merchandise licensing as another. Read more: Disney gives investors a look at ESPN financialsThe Wednesday filing highlights that Disney's theme park revenue continues to grow even as the overall theme park industry has slowdown in attendance and hotel room occupancy. Travel agents have pointed to higher ticket prices and a rise in trips to Europe as the major factors in declining domestic theme park attendance.
Persons: Read Organizations: Disney, ESPN, ESPN financials Locations: Europe
A Japanese policeman checks the signs to be used during the opening parade at the Olympic Games in Tokyo, 1964. Police officers stand guard at the rowing and kayak competitions venue at Lake Lanier near Gainesville, Georgia, ahead of the 1996 Olympic Games. Helsinki, which built the first permanent Olympic Village in 1952, created a successful and architecturally distinguished neighbourhood of social housing. Barcelona’s 1992 Olympic Village became the epicentre of a process of beachside gentrification and soaring house prices. Until that changes, we can expect the staging of future Olympic Games to look the same.
Persons: David Goldblatt, Read, David Goldblatt David Goldblatt, Douglas Miller, Charles Platiau, dockets, Buda Mendes, Barcelona’s, Urman Lionel, Denis Organizations: CNN, Olympic, Hulton, Getty, LAPD, Atlanta, Police, Housing Rights, Pan American Games, Rio de, City Council, Melbourne Olympic Games, Asahi Shimbun, City, Games, International Olympic Committee, Olympic Games Locations: British, Paris, Berlin, Roma, Tokyo, Moscow, Los Angeles, Lake Lanier, Gainesville , Georgia, Atlanta, Seoul, Beijing, Rio de Janeiro, Rio, Brazil, Buda, Helsinki, Melbourne, Japan, Australia, Mexico, Athens, Portakabins, London
Callie Kuchan is returning to Illinois after finding a small ski town in Colorado too expensive. To hike, bike, ski, cross-country ski — pretty much all of the outdoor sports that I could get myself into. You're living your mundane life while being surrounded by that environment, which can be challenging mentally. Callie Kuchan moved to Breckenridge, Colorado, for the active lifestyle, but couldn't afford to live how she wanted to. Breckenridge, Colorado.
Persons: Callie Kuchan, Kuchan, , There's, Breckenridge, Covid, it's, — it's Organizations: Service Locations: Illinois, Colorado, Breckenridge, Breckenridge , Colorado, Denver, Chicago , Illinois, Chicago, Chamonix
HONG KONG, Oct 18 (Reuters) - Born into a peasant family in rural China, Yeung Kwok Keung's rags-to-riches tale inspired millions across the country until his Country Garden (2007.HK) empire spiralled into crisis this year. On his home turf, Yeung and his company had many nicknames, among them "The most grassroots tycoon" and the "Universe's No.1 property developer". Born in 1955, Yeung founded Country Garden along with four others in 1992, quickly building its scale across China and transforming it into a household name by the early 2000s. Focusing on less popular, smaller cities in the world's second-largest economy was what made Country Garden successful, as the world's second-largest economy urbanised. In a company statement in August, Yeung spelt out a number of attributes that he said make "The Country Garden that I dream of", some of which will be key amid the crippling cash crisis.
Persons: Yeung Kwok, Yeung, Wu Jianbin, Yeung's, Yang Huiyan, Clare Jim, Dorothy Kam, Anne Marie Roantree Organizations: Xinhua, Volkswagen, China Evergrande, HK, Forbes, Thomson Locations: HONG KONG, China, HK, Foshan, Guangdong, Xinhua
It ended in frantic scenes of Afghans and Americans desperately trying to get on one of the last flights out of Kabul. Two-thirds of Americans say the war in Afghanistan was not worth fighting; 65% of Democrats and 63% of Republicans agree on that evaluation. Only about one in five Americans say the U.S. successfully improved opportunities for women and girls in Afghanistan, with 43% saying such efforts were unsuccessful. Women were more likely than men across party lines to call advancing the rights of women in Afghanistan an important goal. Mike Mitchell is executive director of No One Left Behind, which helps Afghans who worked with the U.S. relocate.
Persons: Joe Biden’s, , Martin Stefen, Justin Campbell, Campbell, he's, Maliha Chishti, , Toni Dewey, Nola Sayne, , Ukraine —, Mike Mitchell, , Mitchell, ___ Organizations: WASHINGTON, United, Pearson Institute, Global, Associated Press, NORC, for Public Affairs Research, U.S, Taliban, Republicans, Republican Party, Locations: United States, Afghanistan, Kabul, U.S, Carson City , Nevada, Soviet Union, Brookhaven , Mississippi, Wilmington , North Carolina, America, Loganville , Georgia, Ukraine, Israel
That has left Country Garden, once China's biggest private developer, which on Wednesday reiterated it was unlikely to meet all of its offshore debt repayments amid liquidity problems, trying to sell a project that is barely started and mired in uncertainty. Unlike Country Garden's other global projects, its financial exposure in Australia is mostly land purchase price and costs associated with subdivision. Country Garden Australia CEO Guotao Hu said in a statement the company's Australian assets "continue to perform well, in line with normal market behaviour and as planned". Country Garden did not disclose a purchase price when it announced the subdivision project in 2019, with a declaration at the time that "Risland is with the Wilton community for the long term". The Chinese firm has not said how much it hopes to make by selling most of the project.
Persons: Sebastian Pfautsch, Wilton, Suzy Brandstater, it'll, it's, Guotao Hu, Byron Kaye, Jamie Freed Organizations: HK, Wilton Greens, University of Western, Garden, Thomson Locations: Sydney, WILTON, Australia, Malaysia, Forest, Sydney's outskirts, Wilton, University of Western Sydney
The reorganization of Disney 's business is giving investors a glimpse at ESPN's financials for the first time. The company is now broken down into three divisions, one of which is an ESPN segment that includes the TV network and ESPN+ streaming service. A part of the fight was Disney's future prospects for ESPN on streaming. Disney plans to make the ESPN channel a direct-to-consumer option outside of the bundle for customers in the future. However, last week, Trian upped its stake in Disney and now a second proxy battle is brewing, CNBC reported.
Persons: financials, Read, Nelson Peltz, Trian Organizations: Disney, ESPN, Star India, Netflix, Charter Communications, Trian, Management, CNBC Locations: Parks
Southeast Asia looks to renewable power for energy security
  + stars: | 2023-10-17 | by ( Audrey Wan | ) www.cnbc.com   time to read: +4 min
As energy demand grows, the region is turning to renewable energy to safeguard its energy security. Most, if not all, Southeast Asian markets have taken strides to announce renewable energy targets and formulate their low-carbon energy transition plans, said Thoo. Other planned developments include an integrated renewable energy zone, five centralized large-scale solar parks and three green hydrogen production plants. These projects will leverage Malaysia's estimated 290 gigawatts of technical renewable energy potential to create a more resilient, low-carbon power system, said the ministry. Renewable energy sources such as wind and solar are projected to account for at least 31% of national energy needs by 2030, the government said, according to Reuters.
Persons: EDPR, Bryan van der Beek, Zulfikar Yurnaidi, David Thoo, Zulfikar Organizations: EDPR Sunseap, Energias de Portugal SA, Bloomberg, Getty, Energy, International Energy Agency, ASEAN Center for Energy, BMI Fitch Solutions, Zulfikar Yurnaidi ASEAN Center for Energy, Indonesia Malaysia Malaysia, Ministry, Reuters Locations: Energias, Woodlands, Singapore, Asia, Southeast Asia, Ukraine, Israel, Europe, Malaysia, Indonesia, Vietnam
Emmanuel Thingue laughed as he nimbly scampered up the jungle gym to have his photograph taken. At 61, he was the oldest person on the playground equipment at Lincoln Terrace Park in the Crown Heights neighborhood of Brooklyn. But Mr. Thingue, a landscape architect who recently retired from the New York City Parks Department after 30 years, had a special connection to the space: He designed it. Over his career, Mr. Thingue designed more than 30 New York City parks and won awards and accolades for his work. Spend an afternoon with Mr. Thingue, and he will tell you how parks improved his life when he was a boy.
Persons: Emmanuel Thingue, scampered, whooped, Thingue Organizations: New York City Parks Department, New Locations: Lincoln Terrace, Crown, Brooklyn, New York City
They leased the real estate — a single tennis court with an attached 330-square-foot pro shop — and bought the business. Pickleball, a different racket sport that is played on a smaller court with a smaller paddle and a wiffleball. His goal was to "build the best pickleball shop in the country," he said. To give yourself some time back as an entrepreneur, you have to hire good staff, which is exactly what Neeter did. Pickleball is played on a smaller court with a smaller paddle and a wiffleball.
Persons: Jon Neeter, Neeter, there's, he's, pickleball, I'd, everybody's, Pickleball, Jon Neeter Rather, You'll Organizations: Santa Monica Pickleball Center, Santa Monica Tennis Center, Santa Locations: Santa Monica , California, California, America, Southern California, Los Angeles
UBS upgrades UnitedHealth to buy from neutral UBS called the stock a "core holding." Jefferies upgrades Pfizer to buy from hold Jefferies said investors should buy the dip in shares of Pfizer. UBS initiates Evolent Health as buy UBS said it sees more upside for the health-care company. Morgan Stanley upgrades Varonis Systems to overweight from equal weight Morgan Stanley said the data security and analytics company has "underappreciated AI tailwinds." UBS upgrades Tal Education to buy from neutral UBS said a turnaround for the education tech company is underway.
Persons: Morgan Stanley, Apple, Jefferies, Goldman Sachs, Horton, Piper Sandler, Tesla, Truist, Stifel Organizations: Apple, JPMorgan, Nvidia, NVIDIA, UBS, UNH, Jefferies, Pfizer, Maplebear Inc, Disney, US Parks, Evolent Health, payors, Varonis, Nice Systems, NICE, Netflix, ISI, Tal Education, RBC, BMO, Energy, Colgate, Palmolive Locations: UNH, U.S
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