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☆ Flexport CEO Ryan Petersen tells employees 'get back to work people' amid rumors about layoffs that could come as soon as Friday
▼ + stars: | 2023-10-12 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Flexport employees are bracing for layoffs they believe could come as soon as Friday. Meanwhile on Slack, Flexport CEO and founder Ryan Petersen told employees "Get back to work people!" The comment, which was viewed by Insider, came in response to a set of questions an employee posed about executives' tips for success. Insider first reported that Flexport was planning layoffs on September 7, the day after its former CEO Dave Clark departed. The next day, Petersen hinted at more changes through a series of posts on X, formerly known as Twitter, saying, "Strategic Plan, Day 1: Make better decisions!"

Persons: Slack, Flexport, Ryan Petersen, " Petersen, Dave Clark, Petersen, Clark, Madeline Stone Organizations: Employees, Street, Amazon, Shopify Logistics Locations: Amazon, Flexport, mstone@insider.com

☆ Mysterious gold foil figures found in Norway
▼ + stars: | 2023-10-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

The tiny pieces — intricately detailed gold foil figures discovered during excavations of a pagan religious temple — are a rare find in Norway. A total of 35 gold foil figures have been found at the Hov temple site. The remains of the Hov temple were uncovered in 1993 along with two gold figures. The five latest pieces uncovered were buried under the temple's walls and within post holes of the structure, leading researchers to believe the gold figures were placed there intentionally. The gold foils were pressed into a stamp dye made of bronze, similar to the process of making a coin, according to Watt.

Persons: Ingunn Marit Røstad, “ They’re, ” Røstad, “, Nicolai Eckhoff, ” Echkoff, Kathrine Stene, ”, Røstad, Margrethe Watt, Museum’s, ” Watt, Watt, gullgubber, it’s, ” Eckhoff, Eckhoff Organizations: CNN, Museum, University of Oslo, Kulturhistorisk, Science, Bornholms, telltale, Facebook Locations: Norway, Scandinavia, Oslo, Science Norway, Rønne, Denmark

☆ Crypto token ether could rise five-fold by end-2026, StanChart says
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Representation of Ethereum, with its native cryptocurrency ether, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Oct 11 (Reuters) - Ether, the second-largest cryptocurrency, may rise more than five-fold in value by the end of 2026, according to global bank Standard Chartered (STAN.L), its latest prediction of rocketing crypto prices. The price of crypto tokens are generally driven by the sentiment of investors. Ether has gained some 30% this year, though remains almost 70% below its all-time high of about $4,869, hit in Nov. 2021. StanChart said in July that top crypto token bitcoin could reach $50,000 this year and $120,000 by the end of 2024.

Persons: Dado Ruvic, Geoff Kendrick, Kendrick, StanChart, Bitcoin, Tom Wilson, Elizabeth Howcroft, Louise Heavens Organizations: REUTERS, Chartered, StanChart, FX Research, Reuters, Thomson Locations: West

☆ Golden Knights beat Kraken to open Cup defense
▼ + stars: | 2023-10-11 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/16] Oct 10, 2023; Las Vegas, Nevada, USA; Vegas Golden Knights defenseman Shea Theodore (27) arrives before the start of a game between the Golden Knights and the Seattle Kraken at T-Mobile Arena. Mandatory Credit: Stephen R. Sylvanie-USA TODAY Sports Acquire Licensing RightsOctober 11 - Adin Hill stopped 32 of 33 shots and Chandler Stephenson had a goal and an assist as the Vegas Golden Knights opened defense of their Stanley Cup title with a 4-1 victory over the Seattle Kraken on Tuesday night in Las Vegas. Jared McCann scored for Seattle, which is opening the season with a three-game road trip that continues on Thursday at Nashville. But the Kraken were unable to capitalize on the ensuing five-minute power play with Hill turning away six shots. Eichel then sealed the win for the Golden Knights with an empty-net goal with 1:15 remaining.

Persons: Shea Theodore, Stephen R, Adin Hill, Chandler Stephenson, Jonathan Marchessault, Ivan Barbashev, Jack Eichel, Mark Stone, Jared McCann, Philipp Grubauer, Stephenson, Brett, Brandon Tanev, Conn Smythe, Barbashev, Brayden McNabb, McCann, Jordan Eberle, Howden, Hill, Eichel Organizations: Vegas Golden Knights, Golden Knights, Seattle, Mobile, Vegas, Nashville, Thomson Locations: Las Vegas , Nevada, USA, Las Vegas

☆ Ether could jump 400% in a few years before staging a longer-term rally to $35,000, Standard Chartered says
▼ + stars: | 2023-10-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Ether could hit $8,000 by end-2026, Standard Chartered analyst Geoff Kendrick wrote. Bitcoin's halving, regulatory developments, and the end to the bond market sell-off will also benefit ether. 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 . By the end of 2026, ether could reach $8,000, or a 400% jump from today's price of around $1,600.

Persons: Geoff Kendrick, —, Kendrick, Tokenization Organizations: Service, Chartered, BTC, ETH, FX Research, Digital Assets

Lucky for you, Amazon Prime Day is here, and there are excellent deals running now through tomorrow, October 11. We're loving all of the amazing bedding deals happening now, but they won't last forever. Prime Big Deals Days ends tomorrow, so the best time to pick up these great discounts is now. If you're looking for other bedroom or home deals, check out our Prime Day Deals live blog to find over 150 great discounts on Amazon right now. Top 3 bedding dealsThe best Prime Day sheets dealsThe best Prime Day pillows dealsThe best Prime Day mattress cover dealsLoading Something is loading.

Organizations: Amazon

LAS VEGAS (AP) — Jonathan Marchessault scored, Adin Hill made 23 saves and the Stanley Cup champion Vegas Golden Knights beat the Seattle Kraken 4-1 on Tuesday night after a banner-raising ceremony. Chandler Stephenson, Ivan Barbashev and Jack Eichel also scored for the Golden Knights. The Golden Knights improved to 6-1-0 in home openers, their only loss coming in 2018 to Philadelphia. The Golden Knights made it 2-0 when Seattle’s Brandon Tanev went to clear the puck past the goal, but Marchessault nicked it off course and past Grubauer. But just as he did in standing tall during the Golden Knights’ Stanley Cup run, Hill was outstanding in making six saves during the penalty kill.

Persons: — Jonathan Marchessault, Adin Hill, Conn Smythe, Marchessault, Chandler Stephenson, Ivan Barbashev, Jack Eichel, Jared McCann, Seattle’s, Philipp Grubauer, Mark Stone, Brett Howden, Stephenson, Stone, Seattle’s Brandon Tanev, Barbashev, Howden, Golden Knights ’, Hill, “, ” Hill, ” Eichel, Dave Hakstol, William Carrier, Pierre, Edouard Bellemare, ___ Organizations: LAS VEGAS, Stanley, Vegas Golden Knights, Seattle, Vegas, Golden Knights, Nashville, San Jose, AP NHL Locations: Philadelphia, Howden, Hill, Seattle, San

☆ Ether to soar to $8,000 in 3 years and eventually may hit $35,000, predicts Standard Chartered
▼ + stars: | 2023-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A report out Wednesday argues that the price of the ethereum cryptocurrency may eventually climb as high as $35,000. "Layer 2 scaling solutions … are likely to grow in importance over time, particularly as architecture upgrades expected in early 2024 sharply lower fees on these platforms. ETH.CM= 1Y mountain Ether (ETH) over the past year That valuation assumes future use cases and revenue streams that may not exist yet, Kendrick noted. He highlighted gaming and tokenization of real-world assets as the next big use cases for the network. Standard Chartered expects "significant developments on these fronts by 2025-26," Kendrick said.

Persons: ethereum, Geoff Kendrick, Kendrick, — CNBC's Michael Bloom Organizations: Chartered, ETH Locations: Solana, Cardano, London

☆ A recession may still be in the forecast, experts say. Here's how to make sure you're prepared
▼ + stars: | 2023-10-11 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Jamie Kelter Davis | Bloomberg | Getty ImagesA recession has been in the forecast for much of 2023. "A recession is obviously going to happen at some point," said Jack Manley, global market strategist at JPMorgan Asset Management. Those factors may prompt the Federal Reserve to keep interest rates higher for longer, Aleman said. Experts say the key is to automate your savings so you do not even see the money in your paycheck. Another advantage to saving now: Rising interest rates mean the potential returns on that money are the highest they have been in 15 years.

Persons: Jamie Kelter Davis, Jack Manley, —, Eugenio Aleman, Raymond James, Aleman, Manley, Barry Glassman, CNBC.com, Glassman, Mark Hamrick, Matt Schulz, Schulz Organizations: Bloomberg, Getty, Asset Management, National Association for Business Economics, Finance, Federal Reserve, Wealth Services, CNBC's, Bankrate Locations: Chicago

☆ Opinion: Julia Ormond is speaking for a generation of women who won’t be silenced
▼ + stars: | 2023-10-11 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +8 min

Ormond’s claim alleges that Weinstein sexually assaulted her in 1995 after a business dinner and that Ormond told her agents about it, and that they advised her against speaking out about it. “Harvey Weinstein categorically denies the allegations made against him by Julia Ormond and he is prepared to vehemently defend himself,” a representative for Weinstein told CNN in a statement. It includes awful, if unsurprising, details from the lawsuit about what happened when she told her agents at the time. In addition, after the incident and her disclosure of it to her agents, Ormond says CAA lost interest in representing her and her career was damaged dramatically anyway. I once wrote an awards-season story about an actor/director accused of sexual harassment by multiple women on his team.

Persons: Sara Stewart, CNN —, Sara Stewart Todd Thompson, Julia Ormond, Harvey Weinstein, Weinstein, Ormond, Bryan Lourd, Kevin Huvane, “ Harvey Weinstein, ”, Ormond’s, Brad Pitt, Anthony Hopkins, Sean Connery, Sabrina ”, Harrison Ford, Greg Kinnear, wouldn’t, Annabella Sciorra, Darryl Hannah, Ashley Judd, Mira Sorvino, Rosanna Arquette, Heather Graham, Claire Forlani, Rae Dawn Chong, Salma Hayek, Uma Thurman, I’ve, I’m, Amber Heard, Russell Brand, who’ve Organizations: CNN, Variety, Creative Rights Agency, CAA, Walt Disney Company, Miramax, Mr, ” CNN, Women, Brennan Center, Justice Locations: Pennsylvania, “, Rolling, Hollywood

☆ Nitin Sawhney unites different voices in new album celebrating identity
▼ + stars: | 2023-10-11 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

[1/3] Musician, producer and composer Nitin Sawhney poses for a photo in this undated handout picture obtained by Reuters on October 11, 2023. Warner Music/Ray Burmiston/Handout via REUTERS Acquire Licensing RightsLONDON, Oct 11 (Reuters) - Nitin Sawhney celebrates identity in his new album, bringing together different voices from singers Joss Stone and Guy Garvey to Asian women asylum seekers and television host Gary Lineker. "I thought ... here's a safe space that you could actually express whatever you want to and he did," Sawhney said. The result is track "Illegal", which also features the voices of Asian women asylum seekers and concludes with Lineker saying "No one is illegal". Sawhney, whose previous album was called "Immigrants", is known for playing different instruments and working in various genres.

Persons: Nitin Sawhney, Ray Burmiston, Joss Stone, Guy Garvey, Gary Lineker, Paul McCartney, Sting, Sawhney, it's, Lineker, Ayanna Witter, Johnson, Marie, Louise Gumuchian, Christina Fincher Organizations: Reuters, Warner Music, REUTERS Acquire, BBC, Premier League, Thomson Locations: Handout, British, Britain, Caribbean

☆ I'm on track to sell $5 million in glassware this year, mainly on Amazon. Research, self-control, and careful planning got me there.
▼ + stars: | 2023-10-11 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

Dragon Glassware glasses. For a bit, I was also renting a warehouse space, but now I have my inventory delivered directly to an Amazon fulfillment center. Plus, I was already using Amazon Multichannel Fulfillment, so it made sense to turn on Buy With Prime as a channel. Dragon Glassware has generated more than $2.1 million in sales this year, and we project an additional $2 million to $3 million before the end of the year. Correction: October 11, 2023 — An earlier version of this story suggested Dragon Glassware was on track to make $5 million using Amazon only.

Persons: Matt Rollens, hadn't, I've, —, It's, we've, Barnes & Noble, that's Organizations: Amazon, Walmart, Prime, Multichannel, Barnes &, Mattel Locations: Sacramento , California, China, Maxx

☆ I'm on track to sell $5 million in glassware on Amazon this year. Research, self-control, and careful planning got me there.
▼ + stars: | 2023-10-11 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

I decided to call my brand Dragon Glassware. Dragon Glassware glasses. For a bit, I was also renting a warehouse space, but now I have my inventory delivered directly into an Amazon fulfillment center. I was an early tester of the new Supply Chain by Amazon product suite . Dragon Glassware has generated more than $2.1 million in sales so far this year, and we're projecting an additional $2-3 million before the end of the year.

Persons: Matt Rollens, hadn't, I've, —, It's, we've, Barnes & Noble, that's Organizations: Walmart, Prime, Barnes &, Mattel, LinkedIn Locations: Sacramento , California, China, Maxx

The three-story factory building was in sound structural condition, although some of the windows were broken, and a stone lean-to in the backyard was falling apart. The factory when Dirk Ruttens bought it in 2015.

Persons: Dirk Ruttens

☆ NHL roundup: Connor Bedard, Blackhawks beat Pens in opener
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Crosby, the future Hall of Famer who has captained the Penguins to three Stanley Cups and opened his 19th season, had a goal. 1 overall pick in the 2023 NHL Draft who has been labeled as the latest generational talent, tallied an assist for Chicago in his NHL debut. Nick Foligno produced a goal and an assist, Ryan Donato and Cole Guttman also scored, and Corey Perry had two assists for the Blackhawks. Chicago goaltender Petr Mrazek made 38 saves while Tristan Jarry stopped 32 shots for Pittsburgh. Juuse Saros stopped 29 shots, and coach Andrew Brunette lost in his Nashville debut.

Persons: Jason Dickinson, Charles, Sidney Crosby, Connor Bedard, Crosby, Bedard, Nick Foligno, Ryan Donato, Cole Guttman, Corey Perry, Petr Mrazek, Tristan Jarry, Hill, Chandler Stephenson, Jonathan Marchessault, Ivan Barbashev, Jack Eichel, Mark Stone, Jared McCann, Philipp Grubauer, Nicholas Paul's, Nikita Kucherov, Brandon Hagel, Andrei Vasilevskiy, Jonas Johansson, Ryan O'Reilly, Juuso Parssinen, Tommy Novak, Andrew Organizations: Chicago Blackhawks, Chicago, Pittsburgh Penguins, PPG, NHL, of Famer, Penguins, Blackhawks, Pittsburgh . Golden Knights, Vegas, Seattle, Golden Knights, Predators, Tampa Bay, Nashville, Tampa, Juuse, Thomson Locations: Pittsburgh , Pennsylvania, USA, Las Vegas, Tampa Bay

Following the comments from top Fed officials on Monday, Atlanta Fed President Raphael Bostic said the U.S. central bank does not need to raise interest rates any further, and that he sees no recession ahead. "Everybody has one eye on the Middle East conflict and one eye on what's happening with bond yields. The decline in bond yields is the key driver today," said John Praveen, managing director & co-chief investment officer at Paleo Leon. "If tensions escalate bond yields might decline further because they're a safe haven but equities would sell off in that instance because of increased uncertainty and risk aversion," he said. But the flight to safety has made Treasury yields fall enough to push up equities," Tuz said.

Persons: Brendan McDermid, dovish, Raphael Bostic, John Praveen, Praveen, Peter Tuz, Tuz, Neel Kashkari, Christopher Waller, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Terence Gabriel, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Atlanta Fed, Treasury, Chase Investment, Nasdaq, Dow Jones, Minneapolis Federal Reserve Bank, Traders, PepsiCo, Truist, Rivian, UBS, EV, Thomson Locations: New York City, U.S, Gaza, Paleo Leon, Charlottesville , Virginia, Israel, Minneapolis

☆ A brief history of Gaza's 75 years of woe
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +8 min

Hamas formedTwenty years after the 1967 war, Palestinians launched their first intifada, or uprising. It began in December 1987 after a traffic accident in which an Israeli truck crashed into a vehicle carrying Palestinian workers in Gaza's Jabalya refugee camp, killing four. Israel stopped tens of thousands of Palestinian workers from entering the country, cutting off an important source of income. Israeli air strikes crippled Gaza's only electrical power plant, causing widespread blackouts. Israel took revenge, hammering Gaza with air strikes and razing entire districts in some of the worst blood-letting in the 75 years of conflict.

Persons: shutdowns, Yasser Arafat's, Arafat, Israel, Israel evacuates, Mahmoud Abbas, Abdel Fattah al, Stephen Farrell, Nidal, Rosalba O'Brien, Chris Reese Organizations: United Nations, UNRWA, West Bank, Hamas, Brotherhood, Fatah, Palestine Liberation Organization, Oslo Accords, Palestinian Authority, Palestinian, Gaza International, Thomson Locations: Gaza, Ottoman Empire, British, Palestine, Israel, Sinai, Ashkelon, Egypt, Jordan, Lebanon, Syria, Israeli, Gaza's Jabalya, Oslo, Palestinian, Jericho, Authority, United States

☆ A Gaza resident says his family and thousands of neighbors fled from Israel's counterattacks and that they don't know what will happen each minute or how they will get food or water
▼ + stars: | 2023-10-10 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Israel is bombarding Gaza after Hamas militants launched surprise attacks across Israel. Abu Samo is among the tens of thousands of Gaza residents who have been displaced. Samo and his family keep fleeing from the attacks, but he said the situation is changing by the minute. The UN said 123,000 Gaza residents were displaced from their homes after the Israeli airstrikes on October 9, 2023. Ahmad Hasaballah/Getty ImagesIsrael on Monday announced a "complete siege" of Gaza, which included cutting off its food, water, fuel, and electricity.

Persons: Abu Samo, —, Samo, Sameh, they'll, Ahmad Hasaballah, couldn't, Israel, Benjamin Netanyahu Organizations: Service, Israel, United Nations, Hamas, Gaza Ministry, Health, Israel Defense Forces, IDF, UN, Getty, Monday, Associated Press, Palestinian Telecommunications Company Locations: Israel, Gaza, Rimal, Gaza City, what's, Egypt

☆ Stocks making the biggest moves midday: Block, Truist, PepsiCo, Rivian and more
▼ + stars: | 2023-10-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Solar companies — Shares of solar companies rallied Tuesday, putting the Invesco Solar ETF (TAN) on pace for its best day since March 21. The defense and aerospace companies rose Monday after the Israel-Hamas war began over the weekend. Rivian — Shares of the electric vehicle manufacturer rose more than 5% after UBS upgraded the stock to buy from neutral. Block — Shares added 5.5% after Bank of America reiterated its buy rating on the payments stock. Unity Software — The video game software company added 3.2%.

Persons: Skechers, SolarEdge, Hannon Armstrong, Baird, Rivian, Joseph Spak, Semafor, Jason Kupferberg, efruxifermin, John Riccitiello, James Whitehurst, Davidson, — CNBC's Pia Singh, Tanaya Macheel, Jesse Pound, Michelle Fox, Lisa Kailai Han, Samantha Subin Organizations: UBS, Palantir Technologies, U.S . Army, PepsiCo, LSEG, Sustainability, Bank of America, Electronic Arts, EA's FIFA, Technologies, Northrop Grumman, Hamas, Truist, Therapeutics, Unity Software, Unity, Arm, Deutsche Bank, JPMorgan, Arm Holdings Locations: Israel

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Top ranking Fed officials indicated rising yields on long-term U.S. Treasury bonds could steer the central bank from further increases in its short-term policy rate. Focus will be on remarks from a slew of Fed officials including Minneapolis' Neel Kashkari, San Francisco's Mary Daly and Board Governor Christopher Waller during the day. Advancing issues outnumbered decliners for a 2.57-to-1 ratio on the NYSE and a 1.93-to-1 ratio on the Nasdaq. The S&P index recorded four new 52-week highs and one new low, while the Nasdaq recorded 27 new highs and 86 new lows.

Persons: Brendan McDermid, Neel Kashkari, Mary Daly, Christopher Waller, Peter Cardillo, J.P.Morgan, decliners, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, PepsiCo, Dow, Nasdaq, Treasury, Federal, Columbus, Peoples, Traders, Dow Jones, Spartan Capital Securities, Truist, Rivian, UBS, EV, Skyworks Solutions, Citigroup, NYSE, Thomson Locations: New York City, U.S, Gaza, Minneapolis, Washington, Bengaluru

☆ A Brief History of Gaza's 75 Years of Woe
▼ + stars: | 2023-10-10 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +8 min

Persons: shutdowns, Yasser Arafat's, Arafat, Israel, Israel evacuates, Mahmoud Abbas, Abdel Fattah al, Stephen Farrell, Nidal, Rosalba O'Brien, Chris Reese Organizations: Reuters, United Nations, UNRWA, West Bank, Hamas, Brotherhood, Fatah, Palestine Liberation Organization, Oslo Accords, Palestinian Authority, Palestinian, Gaza International Locations: Gaza, Ottoman Empire, British, Palestine, Israel, Sinai, Ashkelon, Egypt, Jordan, Lebanon, Syria, Israeli, Gaza's Jabalya, Oslo, Palestinian, Jericho, Authority, United States

☆ eBay's first chief AI officer is building AI tools to change how people shop online, saying the AI 'paradigm shift' will happen in three phases
▼ + stars: | 2023-10-10 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

E-commerce companies eBay and Shopify are both building tools that enable online sellers to use AI. eBay chief AI officer Nitzan Mekel-Bobrov said he sees AI bringing a "paradigm shift" to e-commerce. AdvertisementAdvertisementNitzan Mekel-Bobrov joined eBay as the company's first chief AI officer in 2021. Internally, eBay is also developing AI tools that are aimed at improving productivity and creativity for its engineers, analysts, and content creators. Jaffer told Insider that business owners often have specific needs that aren't easily solved by the AI tools that are widely accessible today.

Persons: Nitzan, Bobrov, —, We've, Miqdad, Jaffer, Shopify, They've Organizations: eBay, Service, Canadian, eBay's, Harvard Business School Locations: Shopify

LAS VEGAS (AP) — The Golden Knights raised their Stanley Cup championship banner in the most Las Vegas way possible. Captain Mark Stone placed the Stanley Cup next to an oversized slot machine on the ice Tuesday night before the season opener against the Seattle Kraken and pulled the lever. Vegas’ championship banner resides next to one that memorializes the victims of the Route 91 Harvest festival shooting with 60 stars representing each victim who died from that tragedy. But Vegas was competitive from the beginning, making the Stanley Cup Final in its first season before losing to Washington in five games, the Capitals celebrating on the Knights' ice after the clincher. When given another shot at the Cup, the Knights didn't let the opportunity go to waste.

Persons: Mark Stone, Gary Bettman, Al Davis, Engelland, Bill Foley's, Knights didn't, Reilly Smith, ___ Organizations: LAS VEGAS, Knights, Stanley, Seattle, Mobile, NHL, Las Vegas, Las Vegas Raiders, Green Bay Packers, Vegas, Washington, Capitals, Florida Panthers, Pittsburgh Penguins Locations: Vegas, Las

☆ Truist in talks to sell insurance business for $10 bln - Semafor
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - Truist Financial (TFC.N) is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter. Stone Point bought a 20% stake in the unit, known as Truist Insurance Holdings, in April in a deal that valued the business at $14.75 billion. When the transaction was unveiled in February, before the industry turmoil, Truist said it would continue to own 80% of the unit. The talks with Stone Point are ongoing, according to the Semafor report, which added that a deal may hinge on Stone Point's ability to scrounge up enough debt. Truist Financial declined to comment on the Semafor report, while Truist Insurance and Stone Point did not immediately respond to Reuters requests for comment.

Persons: Semafor, Truist, Shivani Tanna, Niket, Maju Samuel, Shounak Organizations: Truist, Truist Insurance Holdings, Truist Insurance, Thomson Locations: U.S, dealmaking, Bengaluru

☆ 'They just come, take a nice selfie ... and leave.' Overtourism returns, but cities are fighting back
▼ + stars: | 2023-10-09 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +7 min

Many cities have come full circle to worrying about too many tourists rather than too few. "They just come, take a nice selfie, publish them on social media, increase the popularity of this place … and leave," she said. And an additional 50 million international tourist arrivals are expected per year — mostly from Asia — between now and 2030, according to the U.N.'s World Tourism Organization. James Matsumoto| Sopa Images | Lightrocket | Getty ImagesSome travelers supported Bhutan's $200 per day Sustainable Development Fee, which was announced in 2022. Managing 'tourist flow'The United Nations World Tourism Organization secretary-general, Zurab Pololikashvili, told CNBC Travel that the key to overcoming overtourism lies in "tourist flow."

Persons: Lionel Saul, Tatyana Tsukanova, What's, Tsukanova, Reinhard Hormandinger, Saul, Jesus Merida, It's, Luca Zanon, Ivan Saprov, Saprov, Miyajima, James Matsumoto, Zurab Pololikashvili, overtourism, Jon Hicks, —, Darrell Wade, Reinhard Hoermandinger Organizations: Hospitality Business, United Nations, Asia —, Tourism Organization, South, Afp, Getty, Guardian, daytrippers, CNBC, United Nations World Tourism Organization, CNBC Travel, Stone, Japan Times, Intrepid Travel Locations: Lausanne, Switzerland, Asia, South Korean, Machu Picchu, Peru, Acropolis, Athens, Borobudur, Indonesia, Sardinia, Venice, Bora Bora, Amsterdam, Spanish, Malaga, Spain, France, trialing, daytrippers . New, Valencia, Manchester, England, Thailand, Iceland, U.S, Bali, Germany, Yogyakarta, Labuan Bajo, Lake Toba, Austria

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