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Hong Kong CNN —China’s coast guard used water cannon against Philippine boats in a contested area of the South China Sea on Saturday, the latest in a string of maritime clashes between the two countries. The AFP also accused the Chinese coast guard of performing a “dangerous maneuver” by crossing the bow of the resupply vessel before using the water cannon. It said China subsequently installed floating barriers to “prevent further entry of any vessels.”A Philippine Coast Guard vessel had been “impeded and encircled” by a Chinese coast guard ship and two Chinese “maritime militia” vessels, the agency said, cutting it off from the resupply boat. The ship is now mostly a rusted wreckage and is manned by Philippine marines stationed on rotation. The latest run-in came just four days after Secretary of State Blinken told a news conference in Manila that the United States had an “ironclad commitment” to defending the Philippines in the South China Sea.

Persons: Antony Blinken, Jay Tarriela, Thomas, “, Thomas Shoal, Blinken Organizations: Hong Kong CNN, Armed Forces, AFP, Philippine Coast Guard, Convention, BRP Sierra Madre, Philippine, Sierra Madre, Weibo Locations: Hong Kong, South, Philippine, China, Philippines, AFP, ”, Beijing, Manila, Palawan, BRP Sierra, Madre, Sierra, China’s, United States, South China, People’s Republic of China, Washington

He was tied at 6-under 136 with Kevin Streelman (72), tour rookie Chandler Phillips (68), Brendon Todd (69) and Mackenzie Hughes (68). “There's a reason that so many players rave about this course,” Cink said. Only six shots separated the players sharing the lead to the players making the cut on the number. For Spieth, it was the first time since 2017 that he missed the cut at regular PGA Tour events in consecutive weeks (Players Championship, Byron Nelson). “I get another chance to learn some really great lessons and maybe some hard lessons this week again.”___

Persons: — Stewart Cink, There's, Kevin Streelman, Chandler Phillips, Brendon Todd, Mackenzie Hughes, “, ” Cink, Streelman, Phillips, Justin Thomas, Lucas Glover, ” Thomas, ”, —, — Jordan Spieth, Sam Burns, Brian Harman, Tony Finau, Keegan Bradley, Byron Nelson, Todd, ” Todd, I’m Organizations: PGA, Augusta National, “ Locations: PALM HARBOR, Fla, Innisbrook, British, Arizona, Cologuard, Tucson

☆ Advisory firm ISS tells Disney shareholders to side with Nelson Peltz in proxy fight
▼ + stars: | 2024-03-21 | by ( Michele Luhn | ) www.cnbc.com time to read: +3 min

Proxy advisory firm Institutional Shareholder Services on Thursday recommended that Walt Disney shareholders elect activist investor Nelson Peltz to the board in his bitter fight against CEO Bob Iger. While siding with Peltz, ISS told shareholders not to back Rasulo in the fight, citing his previous positioning as a potential successor to Iger. "Though we do not have any concerns about his ability to serve as an objective director, we recognize that Rasulo's potential presence might create added friction on the board," ISS said. Another proxy advisory firm, Glass Lewis, earlier this week endorsed Disney's slate of board nominees. Large institutional shareholders will often — but not always — vote based on the recommendation of either of the two proxy advisory firms.

Persons: Nelson Peltz, Bob Iger, Peltz, Jay Rasulo, Iger, Trian, Maria Elena Lagomasino, Disney, Blackwells, Roy Disney, Jamie Dimon, George Lucas, Glass Lewis, Lewis, — CNBC's Rohan Goswami Organizations: Walt Disney, New York Stock Exchange, Services, Trian Fund Management, Disney, ISS, JPMorgan Chase, Disney's

☆ I'd be 'very, very surprised' if Peltz was successful in this proxy fight: Rosenblatt's Crockett
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'd be 'very, very surprised' if Peltz was successful in this proxy fight: Rosenblatt's CrockettBarton Crockett, Rosenblatt Securities senior analyst, joins 'Squawk Box' to discuss news of George Lucas supporting Disney CEO Bob Iger in Disney's proxy fight against activist investor Nelson Peltz, Disney's business trajectory, competition against tech companies, and more.

Persons: Peltz, Rosenblatt's Crockett Barton Crockett, George Lucas, Bob Iger, Nelson Peltz Organizations: Rosenblatt Securities, Disney

☆ George Lucas backs Disney CEO Bob Iger in proxy fight with Nelson Peltz
▼ + stars: | 2024-03-19 | by ( Becky Quick | ) www.cnbc.com time to read: +2 min

Filmmaker and Hollywood legend George Lucas is throwing his support behind Walt Disney CEO Bob Iger in the bitter proxy battle between the company and activist investor Nelson Peltz. Lucas, who received 37.1 million Disney shares as part of Disney's $4.05 billion purchase of Lucasfilm in 2012, is currently the largest individual investor in the company, multiple sources confirmed to CNBC. When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger's leadership. I have voted all of my shares for Disney's 12 directors and urge other shareholders to do the same." Iger, meanwhile, has been trying to streamline the sprawling media company to rein in spending and make its Disney+ streaming platform profitable.

Persons: George Lucas, Walt, Bob Iger, Nelson Peltz, Lucas, Bob Iger's, Bob, Peltz, Roy Disney, Jamie Dimon, Indiana Jones, Jay Rasulo, Iger Organizations: Walt Disney, Lucasfilm, CNBC, Disney, Trian Fund Management, JPMorgan Chase Locations: Hollywood

☆ Stocks making the biggest moves premarket: Nvidia, Unilever, Coinbase and more
▼ + stars: | 2024-03-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Here are the companies making headlines on Wall Street ahead of the opening bell. Several Wall Street analysts hiked their price target for Nvidia after the event. Disney — Shares declined less than 1% following news that filmmaker George Lucas is backing Disney CEO Bob Iger in the company's proxy fight with activist investor Nelson Peltz. Super Micro Computer — The tech stock tumbled more than 10% after a filing showed a new stock offering of two million shares. The company's full-year revenue guidance was also near the low end of Wall Street expectations.

Persons: Jerry's, bitcoin, George Lucas, Bob Iger, Nelson Peltz, Lucas, Goldman Sachs, DLocal Organizations: Nvidia, Unilever, Disney —, CNBC, Tencent Locations: San Jose , California

☆ Welcome to Nvidia's super chip era
▼ + stars: | 2024-03-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Jensen Huang declared the start of the "super-chip" era on Monday. The Nvidia CEO ushered in a new phase for his sector by unveiling a new breed of chips to power AI. And promises to power AI models on the trillion-parameter scale instead of the multi-billion-parameter scale of models like Meta's Llama 2. — Pedro Domingos (@pmddomingos) March 18, 2024It indicates just how much more buzz Nvidia hopes to generate in its "super-chip" era. Huang is clear though that the "super-chip" era is here.

Persons: Jensen Huang, Mark Zuckerberg, Sam Altman, —, George Lucas, Trevor Noah, Kendrick Lamar, ChatGPT, Huang, Lisa Su, It's, Blackwell, Michael Dell, Satya Nadella, Elon Musk, Larry Ellison, Andy Jassy, Altman, Zuckerberg, Pedro Domingos, Jensen, — Pedro Domingos Organizations: Nvidia, Service, Woodstock, ChatGPT, AMD, Big Tech, University of Washington Locations: San Jose, Santa Clara, Silicon Valley, @pmddomingos

☆ Celebrities have scored free food, sometimes for life, from places like Dunkin', McDonald's, and more. Here's how.
▼ + stars: | 2024-03-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +6 min

Brands like Chipotle frequently give celebrities and other influential figures passes for free food, hoping they'll post about it and promote the brand to their millions of followers. McDonald'sMcDonald's has reportedly issued free food cards at the franchisee and corporate level. AdvertisementBerkshire Hathaway CEO Warren Buffett has said he has a McDonald's card good for free food in his hometown of Omaha, Nebraska. AdvertisementBill Gates' McDonald's Gold Card reportedly entitles him to free food for life at any location. Burger KingBurger King started giving celebrities cards for a lifetime of free food in 2006 and had given out around a dozen by 2008, according to Ad Age.

Persons: —, Olivia Rodrigo, Chipotle, Here's, McDonald's McDonald's, Berkshire Hathaway, Warren Buffett, Buffett, Rob Lowe, Lowe, David Peterson, McDonald's, Sen, Mitt Romney, Romney, George Romney, Ray Kroc, Bill Gates, Stephanie Perdue, Perdue, Chris Nikic, Roy Murray, Tony Hawk, Big Sean, Addison Rae, Abby Wambach, Candice Beck, Ozzy Osbourne, Burger, Burger King Burger King, Jennifer Hudson, Hugh Laurie, didn't, George Lucas, Robert Downey Jr, Jay Leno, Burger King, Ed Sheeran, Jack Whitehall, Nando's, Dunkin, Novak, DunKing Ben Affleck, that's Organizations: Service, Business, Berkshire, Wall Street, Brand, Burger King, Ad, BK Locations: Omaha , Nebraska, Santa Barbara, Goleta , California, Santa, Chipotle, Burger

☆ Now Arriving at J.F.K.: Ponies From Iceland and Dogs From the West Bank
▼ + stars: | 2024-03-17 | by ( Claire Fahy | ) www.nytimes.com time to read: +1 min

There were exactly 69 dogs onboard, all from his shelter in the West Bank. Then came Jimmy, Carlos, Farouk, Zoe, all of whom Mr. Abu-Ghazalah had cared for at Daily Hugz, the rescue facility he set up in Asira ash-Shamaliya, outside his hometown, Nablus. The dogs were mostly abandoned, many were feral and a number of them had lost legs after being hit by cars. The shelter had been “like paradise,” Mr. Abu-Ghazalah said. But in December, as conditions in the West Bank deteriorated amid the Israel-Hamas war, he decided he could no longer keep it running.

Persons: Ghazalah, Lucas, Jimmy, Carlos, Farouk, Zoe, Mr, Abu Organizations: Kennedy International Airport, West Bank, Daily, Society for, Animals International Locations: Maad, Nablus, West, Israel

☆ Açai berries and child labor: How children in Brazil are climbing 70-foot-high trees to pick the superfood
▼ + stars: | 2024-03-13 | by ( Julia Vargas Jones | ) edition.cnn.com time to read: +7 min

Picking berries to help feed his familyLucas Oliveira, 13, of the Fazendinha village outside Macapá, is one of these children. The stories of harvesters who’ve fallen from trees are numerous — some have had severe injuries and never walked again. Açaí harvesters expose themselves to the perils of the rainforest. Of those, at least 756,000 worked in what the International Labor Organization calls the worst forms of child labor, which includes “dangerous” conditions. Dozens of times a day, Lucas Oliveira climbs trees to bring down heavy bunches of açaí.

Persons: —, ”, Lucas Oliveira, Wengleston, Julia Vargas Jones Lucas, ” Lucas, Lucas, “, he’s, ” Wengleston, Julia Vargas Jones, they’re, Allan Bruno, Bruno, ” Bruno, aren’t Organizations: Brazil CNN —, CNN, International Labor Organization, Brazil’s Public Ministry of Labor Locations: Macapá, Brazil, Igarapé da Fortaleza, Pará, Amapá

☆ The US Army has its eyes on the Arctic and is readying soldiers for the cold, unforgiving wastes that could be their next battlefield
▼ + stars: | 2024-03-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

AdvertisementThe two-week JPMRC Alaska training exercise involved over 8,000 troops from the 11th Airborne Division, as well as international allies and partners. Brandon VasquezBack in 2021, the US Army released its new strategy on regaining Arctic dominance, leading to the reorganization of its Alaskan forces and priorities. AdvertisementAll Arctic nations are keeping an eye on what could be seen as increased access to energy, minerals, and resources in the Arctic. AdvertisementU.S. Army Soldiers assigned to the 11th Airborne Division patrol on snow machines during the Joint Pacific Multinational Readiness Center 24-02 exercise at Donnelly Training Area, Alaska, Feb. 17, 2024. For that reason, the Army appears to be encouraging its Arctic soldiers to be creative and able to adapt to whatever conditions or situations they might encounter.

Persons: —, Col, Sean Lucas, JPMRC, Brandon Vasquez, Spc.Wyatt Moore, Abreanna Goodrich, China —, I've, Zachary Burns, Sammantha Ohm, Joseph Gaskin Organizations: US, Army, Service, US Army Pacific's, Pacific Multinational Readiness Center, Business, 11th Airborne Division, U.S ., 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, U.S, US Army, U.S . Army, 3rd Battalion, 509th Parachute Infantry Regiment, 2nd Infantry Brigade Combat Team, 11th Airborne, Donnelly Training, Public Affairs Detachment, National Intelligence, Spc, Department of Defense, Army Spc, 5th Squadron, 1st Calvary Regiment, Delta Co Locations: Russia, China, Fairbanks , Alaska, Alaska, Hawaii, U.S, Utqiagvik, Soviet Union, Canada, Denmark, Russian, JPMRC

☆ A pilot on a Boeing plane that plummeted midair said his 'gauges just kind of went blank on me,' passenger says
▼ + stars: | 2024-03-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A LATAM Airlines pilot reportedly told a passenger that he had momentarily "lost control" of the plane. A passenger told CNN the pilot said the plane's gauges "just kind of went blank on me." AdvertisementAfter the flight landed, passenger Brian Jokat told CNN that he spoke to the pilot, who he said told him: "My gauges just kind of went blank on me." Jokat told CNN that he had been sleeping when the plane "dropped something to the effect of 500 feet instantly." The flight landed in Auckland on schedule, the airline said in its statement, while apologizing for "any inconvenience and discomfort" from the incident.

Persons: —, Brian Jokat, Jokat, I'm, Lucas Ellwood, Ellwood Organizations: LATAM Airlines, CNN, Service, LATAM Airways, Boeing, New Zealand Herald, ABC Locations: Sydney, Auckland, New Zealand

☆ Opinion: Oscars highlights from our culture critics
▼ + stars: | 2024-03-11 | by ( Cnn Opinion | ) edition.cnn.com time to read: +18 min

CNN —Five CNN Opinion culture critics share their takeaways from the 96th Academy Awards. Gene Seymour: Hollywood’s next existential questionMost of the big, expensive movies walked away with Oscars Sunday night. Ryan Gosling performs the song "I'm Just Ken" from the movie "Barbie" during the Oscars on Sunday. Rita Moreno delivered a spicy ode to best supporting actress nominee America Ferrera, noting that her monologue from “Barbie” was one of the most memorable film moments. And the winners are... Robert Downey Jr. for best supporting actor in "Oppenheimer; Da'Vine Joy Randolph for best supporting actress in "The Holdovers"; Emma Stone for best actress in "Poor Things" and Cillian Murphy for best actor in "Oppenheimer."

Persons: Gene Seymour, Hollywood’s, Gene Seymour Jeremy Freeman, CNN Cord Jefferson, ” Jefferson, Jefferson, “, ” Cord Jefferson, Kevin Winter, “ Oppenheimer, Christopher Nolan, Cillian Murphy, Robert Downey Jr, “ Barbie, ”, Billie Eilish, O’Connell, “ Barbie ”, George Lucas, Steven Spielberg, Mark Harris, Sara Stewart, Barbie ”, Sara Stewart Todd Thompson, Ryan Gosling’s, “ I’m, Ken, Finneas O’Connell, Oscar, Eilish –, –, ” Eilish, “ Oppenheimer ”, Greta Gerwig’s, Gerwig, Margot Robbie, Jimmy Kimmel’s, “ Barbie ” snubs, Ryan Gosling, Chris Pizzello, Gosling –, snubs –, Eilish, Rita Moreno, America Ferrera, Jeff Yang, they’ve, Jack Palance, Seth McFarlane, Chris Rock, Warren Beatty, Faye Dunaway, they’d, ” Will Smith, Jada Pinkett Smith, Jimmy Kimmel, Catherine O’Hara, Michael Keaton, Twinsies Arnold Schwarzenegger, Danny DeVito, Melissa McCarthy, Octavia Spencer, Dale, Cord Jefferson, Finneas O'Connell, Barbie, Mike Blake, Kimmel, Donald Trump, Al Pacino, Pacino, — “ Oppenheimer, Celine Song, Bruce ”, ” Noah Berlatsky, Lily Gladstone, Noah Berlatsky Noah Berlatsky, Mollie Burkhart, Emma Stone, Cord Jefferson’s, Joy Randolph’s, Justine Triet’s, Randolph, Gladstone, Martin Scorsese’s, Burkhart, Ernest, Leonardo DiCaprio, Scorsese, she’s, DiCaprio, Robert DeNiro, Emma Stone’s, Bella, Noah Berlatsky, Holly Thomas, isn’t Robert Downey Jr, It’s, ” Holly Thomas Holly Thomas, Brett Easton Ellis’s, Timothee Chalamet, Austin Butler, Florence Pugh, Downey Jr, Tony Stark, Downey, Oppenheimer, Da'Vine Joy Randolph, Arturo Holmes, Louis Strauss, Katie Couric Organizations: CNN —, CNN, Warner Bros ., Hollywood, New York, The New York Times, Newsday, Entertainment, The Washington, Twitter, Abbott, Disney, Reuters, Teamsters, International Alliance, Employees, Globe, The, “, Downey, North, Katie Couric Media Locations: Pennsylvania, La, Asian America, America, Osage Nation of Oklahoma, Chicago, ”, Zendaya, North America, London

☆ Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers
▼ + stars: | 2024-03-10 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Read previewThe Florida condo market is caught in a storm. By contrast, median condo prices nationally rose 8% over the same period, to around $340,000. A deepening insurance crisis for Florida homeownersThe rising cost of insurance has been a long-simmering problem in Florida. Recently, he walked away from buying a $300,000 condo in North Palm Beach that would have come with a $4,500 annual insurance bill. On his own single-family home in Palm Beach Gardens, Forina added, his annual insurance premium, which was $2,600 in 2017, jumped to $8,200 in 2024.

Persons: —, It's, Joe Humphfner, rusk, Florida homeownership, Holly Meyer Lucas, Meyer Lucas, Anthony Forina, Forina, Humphfner Organizations: Service, Business, Sunshine State, Farmers Insurance, Bankers Insurance, Homeowners, Wall Street Journal, Condo, Humphfner Locations: Florida, Jupiter, West Palm, Jacksonville, Miami, Coral, Florida's, South Florida, North Palm, Palm Beach

☆ McDonald’s and other restaurant chains look to the Sun Belt for growth as population soars
▼ + stars: | 2024-03-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +7 min

The chain's sales are "way stronger" in Texas, Arizona and Florida than in midwestern states such as Indiana and Wisconsin, according to Osanloo. For more mature companies such as McDonald's , it means accelerating new restaurant growth in areas where it's now underrepresented. It isn't just restaurants looking to the Sun Belt for sales growth. In addition to well-known chains, Greider has also seen restaurants with chef-driven name recognition traveling south from New York and Chicago. The chain's sales are growing again, according to Brix Holdings CEO Sherif Mityas, making it an opportune time to expand Friendly's footprint.

Persons: Portillo's, Michael Osanloo, you've, Justin Greider, Macy's, Phillips, Manu Steijaert, Greider, they've, that's, Carbone, Friendly's, Sherif Mityas, Mityas, we're, Christine Barone Organizations: Beef, CNBC, Northeast, Sun, Airlines, Dallas, Phillips Edison & Company, JPMorgan, Grill, Major Food Group, Brix Holdings, Brix, Bros Locations: Kissimmee , Florida, Chicago, Texas, Texas , Arizona, Florida, Indiana, Wisconsin, U.S, Midwest, Charlotte, Phoenix, Houston, Dallas, Fort Worth, Atlanta, Florida , Texas , Arizona, Georgia, North Carolina, New York, Miami, Massachusetts, Mississippi, Minneapolis, Southern California, California, Virginia

RICHMOND, Va. (AP) — A top Democratic Virginia lawmaker vowed Wednesday to keep language enabling a proposed relocation by the NBA’s Washington Wizards and NHL’s Washington Capitals to Alexandria out of the state budget lawmakers will take up later this week. Glenn Youngkin's plan to lure the teams across the Potomac River with a $2 billion development district featuring a new arena. Moving forward, if the arena is excluded from the budget, Youngkin has a few options. Virginia governors have the ability to seek amendments to legislation, so he could attempt to put the arena language back in the budget. Democrats, who control both General Assembly chambers, could lose Youngkin’s support for some of their own priorities if they kill the arena deal.

Persons: Sen, Louise Lucas, Glenn Youngkin's, Lucas, Macaulay Porter, Youngkin, Democratic Del, Luke Torian, Lucas ’, Ted Leonsis, “, doesn't, Del, Mark Sickles, Torian, we’re, Youngkin’s Organizations: Democratic, Washington Wizards, NHL’s Washington Capitals, Finance, Commonwealth, Republican Gov, Delegates, Monumental Sports & Entertainment, Monumental, Capitals, Wizards, Capital One, ”, House, Senate, Republicans Locations: RICHMOND, Va, Alexandria, Washington, Virginia, Hampton Roads

CNN —Thousands of doctors in South Korea took to the streets of Seoul on Sunday to protest the government’s plans to increase medical school admissions and what they see as a broader lack of support for the country’s medical system. The doctors say the government needs to address a wider range of challenges facing the healthcare system than just the total number of doctors trained per year. Around 8,000 trainee doctors in South Korea began striking on February 21 by submitting their resignation. A doctor writes messages during a rally to protest against government plans to increase medical school admissions in Seoul on Sunday. Compounding the challenge, South Korea has the world’s lowest birth rate, which has been falling continuously since 2015.

Persons: Kim Hong, ’, Yoon Suk Yeol, ”, Jessie Yeung, Yoonjung Seo Organizations: CNN, South, Gallup Locations: South Korea, Seoul

☆ ‘Dune: Part Two’ can inspire you to revisit these other timeless sci-fi sequels
▼ + stars: | 2024-03-02 | by ( Dan Heching | ) edition.cnn.com time to read: +7 min

Twentieth Century Fox/Courtesy Everett CollectionWhat better way to start off than with one of the greatest sequels – and sci-fi films in general – ever made, with a screenplay that’s been taught in film schools. ‘Star Trek II: The Wrath of Khan’ (1982)DeForest Kelley, William Shatner and Leonard Nimoy in 1982's "Star Trek II: The Wrath of Khan." ‘Dawn of the Planet of the Apes’ (2014)Andy Serkis in 2014's "Dawn of the Planet of the Apes." ‘Star Wars: Episode V - The Empire Strikes Back’ (1980)"Star Wars: The Empire Strikes Back" (1980). “Dune: Part Two” is produced by Warner Bros. Pictures, which, like CNN, is owned by Warner Bros.

Persons: Denis Villeneuve’s, there’s, Sigourney Weaver, –, James Cameron’s Oscar, Ridley Scott’s, Ellen Ripley’s, Carrie Henn, Khan ’, DeForest Kelley, William Shatner, Leonard Nimoy, Khan, Everett, ”, Ricardo Montalban, “ Khan ”, Arnold Schwarzenegger, James Cameron, he’s, Arnold Schwarzenegger’s, Linda Hamilton, Sarah Connor –, Andy Serkis, Caesar, “ Dawn ”, Max, Thunderdome, Mel Gibson, Warner, Mad Max, George Miller’s, Tina Turner’s, Tom Hardy, Charlize Theron, Miller, Theron’s Furiosa, Anya Taylor, Joy, Ernie Hudson, Dan Aykroyd, Bill Murray, Harold Ramis, Annie Potts, Rick Moranis, Peter MacNicol, Howard Huntsberry, George Lucas Organizations: CNN, Rotten, Century Fox, Paramount, “, TriStar, Columbia, ‘, Lucasfilm Ltd, Wars, Warner Bros . Pictures, Warner Bros . Locations: Ripley, ‘, “ Kingdom

☆ Yum China CEO says consumers are growing more 'rational' as rising costs cut dining budgets
▼ + stars: | 2024-03-01 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

While economists and investors fret over China's low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Weighed down by investors' concern about the broader Chinese economy, shares of Yum China have fallen 27% over the past year, dragging its market value down to $17.51 billion. Despite Wall Street's worries, Yum China's sales are growing. "I think the Chinese consumer has become more rational over the last few years," she told CNBC. But in lower-tier cities, such as Chengdu, Yum China is seeing stronger sales growth because housing is cheaper and consumers have more cash to spend.

Persons: Joey Wat, Wall, Yum, Wat Organizations: Yum, Yum Brands, CNBC Locations: China, Yum China, Shanghai, Beijing, Wat, Chengdu, Cities

☆ She Spent Her Birthday at an Airbnb, and Never Left
▼ + stars: | 2024-03-01 | by ( Rosalie R. Radomsky | ) www.nytimes.com time to read: +1 min

Angela Sue Lucas booked a two-day getaway for her 40th birthday in July 2020 at Club DLuxx, an Airbnb run by Dennis Peter Weisse in North Fort Myers, Fla. Or, so she thought. “I refused her reservation,” said Mr. Weisse, 70, who was nicknamed DLuxx by a high school buddy. “I have other guests staying at Club DLuxx and it wouldn’t be fair.” The house is Mr. Weisse’s home, out of which he rents two rooms. The next day, Ms. Lucas, 43, who goes by Angie, set him straight. “I was excited about my birthday staycation,” replied Ms. Lucas, who was looking for a quiet solo escape in early pandemic times.

Persons: Angela Sue Lucas, Dennis Peter Weisse, “, ”, Weisse, DLuxx, Weisse’s, Lucas, Angie Organizations: DLuxx, Lehigh Locations: North Fort Myers, Fla, Lehigh Acres, “

☆ The US Army is breeding a new kind of Arctic warrior by 'testing the mettle of the human' in frigid, freezing Alaska, commander says
▼ + stars: | 2024-02-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

This story is available exclusively to Business Insider subscribers. Out on the snow-covered Alaskan tundra, US Army Pacific is pushing its soldiers to prepare to fight in subzero temperatures and hostile, unpredictable environments. "It's a harsh environment," Maj. Gen. Brian S. Eifler told Business Insider in an in-person interview at Fort Wainwright in Fairbanks. Some told Business Insider the Arctic was the most difficult environment to fight in, while others noted it took a specific type of mindset to survive there, let alone excel. Maj. Joseph Gaskin told Business Insider, explaining that "we don't have all the answers for this environment."

Persons: —, USARPAC, Sammantha Ohm, Abreanna Goodrich, Snow, Maj, Brian S, Eifler, Col, Sean Lucas, Elijah Magaña JPMRC, Charles A, Flynn, USARPAC's, it's, Michael Sword, Joseph Gaskin, Lucas Organizations: Service, US Army, Business, Army, Pacific Multinational Readiness Center, BI, US, 11th Airborne Division, Troops, U.S . Army Spc, 5th Squadron, 1st Calvary Regiment, Delta Co, 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, Donnelly Training, U.S, Spc, 3rd Battalion, 509th Infantry Regiment, 2nd Infantry Brigade Combat Team, Pentagon, Pacific Command, U.S . Army, 11th Airborne Locations: Fairbanks , Alaska, Alaska, Wainwright, Fairbanks, Hawaii, China, Russia, North Korea

☆ In Shopify's app store, 'people are fighting it out on the margins' as the market becomes oversaturated and merchants cut costs
▼ + stars: | 2024-02-29 | by ( Madeline Stone | ) www.businessinsider.com time to read: +10 min

Its S-1 filing mentions the word "Shopify" 198 times, and it said that about 77.6% of its annual recurring revenue came from Shopify merchants. About a third of the deals FE International facilitates are for businesses within the Shopify ecosystem, Smale said. Smale said that lately, he has worked with a "wider variety of acquirers" quietly looking to scoop up Shopify apps. He said that Shopify apps make good acquisition targets because they tend to be profitable and not venture-backed. "I always say Shopify SaaS applications are so great to build because they're kind of like building a SaaS on training wheels," Gazdecki said.

Persons: Shopify, Rachael Jones, Brent Murri, They've, Murri, Andrew Bialecki, Klaviyo, Dennis Hegstad, there's, Hegstad, Andy Cloyd, it's, We're, Thomas Smale, Smale, Andrew Gazdecki, Acquire.com, Gazdecki, Tobi Lütke, Lucas Jackson, wouldn't Organizations: Shopify's, Business, Boston Globe, FE International, Reuters Locations: Shopify, Klaviyo

☆ MAGA House candidate JR Majewski's disparagement of Special Olympics athletes is reverberating in the high-stakes Ohio Senate race
▼ + stars: | 2024-02-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Ohio GOP Senate candidates Bernie Moreno and Frank LaRose have endorsed JR Majewski. The GOP House candidate faces backlash after calling Special Olympics athletes "fucking retarded." AdvertisementTwo high-profile GOP Senate candidates in Ohio won't say whether they still back House candidate JR Majewski after he made a joke referring to Special Olympics athletes as "fucking retarded." But State Sen. Matt Dolan, another Senate GOP candidate, told Business Insider in a statement that he agrees with the Lucas County GOP's condemnation of Majewski's "reprehensible remarks." And he called on his two opponents to rescind their support for the embattled House candidate.

Persons: Bernie Moreno, Frank LaRose, Matt Dolan, Moreno, LaRose, —, MAGA, Marcy Kaptur, Spokespeople, Majewski, Sen, JD Vance, JR Majewski, Dolan, Craig Riedel, Donald Trump, Donald Trump . State Sen, Nic Antaya, Democratic Sen, Sherrod Brown, disgracefully, @JRMajewski, lVNQ2qWpSj — Frank LaRose, ciLu3ckhXa, bGZfC6ZUem — bryan metzger, @metzgov, didn't, Derrick Merrin, Riedel Organizations: Ohio GOP, JR Majewski, GOP, Service, Lucas County GOP, Republicans, Democratic, JR, Ohio Republicans, Donald Trump . State, Senate, Majewski, FEC Locations: Ohio, Lucas County, Toledo, Lucas, America, Afghanistan, Montana, Washington, DC

☆ Cramer gives the portfolio's core holdings a makeover — 4 are booted, 6 are added including a trio of tech giants
▼ + stars: | 2024-02-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +12 min

COST 5Y mountain Costco's stock performance over the past five years. DHR 5Y mountain Danaher's stock performance over the past five years. ETN 5Y mountain Eaton Corp.'s stock performance over the past five years. "The megatrends are real serious, and [Eaton] is a real serious company," Jim said. TJX 5Y mountain TJX Companies' stock performance over the past five years.

Persons: Jim Cramer, Jeff Marks, Morgan Stanley, Wall, Beijing's, Jim, Eaton, Linde, Lilly's, Eli Lilly, We've, Zepbound, Mark Zuckerberg's, Mark Zuckerberg, OpenAI, Copilot, management's, Nvidia, TJ Maxx, TikTok, Gen Zers, TJX, Jim Cramer's, Satya Narayana Nadella, Lucas Jackson Organizations: GE Healthcare, Meta, Microsoft, Johnson, Natural Resources, Starbucks, Apple, Apple Music, Services, Amazon, Amazon Web Services, Prime, Costco, Danaher, Eaton Corp, Investors, GE, LIN, Novo Nordisk's Wegovy, Novo Nordisk, Management, Nvidia, TJX Companies, Marshalls, CNBC Locations: Eaton, China, Manhattan, New York City

☆ GOP House candidate JR Majewski refuses to drop out after disparaging Special Olympics athletes: 'I will not be threatened'
▼ + stars: | 2024-02-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

JR Majewski, a controversial GOP House candidate in Ohio, is refusing to drop out of the race after referring to Special Olympics participants as "fucking retarded." As Business Insider first reported earlier this month, Majewski made the disparaging comments during an appearance on a conservative podcast. You know, no matter how hard you try, arguing on the Internet, it's like being in the Special Olympics," he said. On Sunday, the Lucas County GOP — the largest party organization in Ohio's 9th congressional district — voted to censure Majewski for his comments. AdvertisementThe Ohio Republican told POLITICO on Tuesday that he was considering dropping out of the race.

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