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☆ New Florida board seeks power over Walt Disney World cities
  + stars: | 2023-04-11 | by ( Dawn Chmielewski Lisa Richwine | Dawn Chmielewski | Lisa Richwine | ) www.reuters.com   time to read: +2 min
April 11 (Reuters) - Florida Governor Ron DeSantis's newly formed oversight board is seeking to assert control over development in two cities where Walt Disney World Resort is located, the latest twist in a battle for authority over the company's Florida theme parks. A resolution, seen on Tuesday by Reuters, would give the Central Florida Tourism Oversight District board the power to review and evaluate development in the 25,000-square acres of property in and around Walt Disney Co's (DIS.N) theme parks. The district would hold "superior authority and control" over planning, zoning and other land use in the cities of Bay Lake and Lake Buena Vista, under a Florida law that formed the state-appointed oversight board. A spokesperson for Lake Buena Vista and Bay Lake did not respond to Reuters' request for comment. A spokesperson for the oversight board referred inquiries to an attorney, who was not immediately available for comment.
☆ Jim Cramer's top 10 things to watch in the stock market Tuesday
  + stars: | 2023-04-11 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Barclays cut its price target on Club holding Constellation Brands (STZ) to $277 per share, from $279, while maintaining an overweight rating. The bank maintained a price target of $390 per share, along with an overweight rating. Citi reiterated neutral ratings on chipmakers Intel (INTC) and Club holding Advanced Micro Devices (AMD), a result of ongoing weak cloud demand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
☆ Ford doubles down on EVs, while Wall Street looks to Disney for answers. Here's our take on these Club stocks
  + stars: | 2023-04-11 | by ( Paulina Likos | ) www.cnbc.com   time to read: +4 min
Walt Disney (DIS) is facing skepticism from Wall Street over its streaming strategy and softer growth at its parks, while Ford Motor (F) is expanding its electric vehicle production. Disney currently owns a 66% stake in Hulu, while its other streaming platforms include Disney+ and ESPN+. Ford Motor The news: Club holding Ford on Tuesday announced a $1.3 billion investment in its Oakville assembly plant in Ontario, Canada. F 1Y mountain Ford (F) one-year performance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Experts fear deteriorating parking lots could collapse under the weight of heavy electric vehicles, says report
  + stars: | 2023-04-09 | by ( Isobel Van Hagen | ) www.businessinsider.com   time to read: +3 min
Experts in the UK are concerned the weight of electric cars could cause old parking lots to collapse. Many multi-story parking lots have structural flaws due to a lack of maintenance, The Telegraph reported. Electric vehicles are significantly heavier than gasoline-powered cars, given the weight of the batteries necessary to power them. Whapples and Russell Simmons, chair of the British Parking Association's structures group, have suggested new guidance that recommends adding higher load-bearing weights to deteriorating parking lots to help adapt to the weight of electric cars. Over the years, electric cars have become increasingly popular due to energy efficiency and the promise of a more environment-friendly form of transportation.
☆ The Big Guide to Little Luxuries
  + stars: | 2023-04-08 | by ( Wsj Off Duty Editors | ) www.wsj.com   time to read: +1 min
LATELY, life’s rich pageant has seemed increasingly unaffordable and a lot of us are cutting back. Mix your own whiskey sours and you can plop in far more maraschino cherries than an elite bartender would. Downgrade that $1,750 Rome flight to an express-train weekend and avoid 14 hours of airport hell. No number of “living in the moment” walks through parks or triumphant clutter battles in the manner of Marie Kondo make up for the fact that everything’s a little plain. A little miserly.
☆ A group of passengers flying from Paris to New York skipped passport control and customs due to a 'disembarkation issue'
  + stars: | 2023-04-07 | by ( Bianca Giacobone | ) www.businessinsider.com   time to read: +2 min
Passengers on an April 4 flight from Paris to New York left the airport with no immigration check. The incident involved a Norse Atlantic Airways flight that landed at John F. Kennedy International Airport. "We are investigating a disembarkation issue that took place on arrival at New York JFK on Tuesday evening concerning a Norse Atlantic Airways flight from Paris," the statement said. The low-cost carrier is fairly new to the transatlantic flight scene. Norse's New York to Paris route, which was inaugurated on March 26, has one-way flights starting at 269 Euros, or around $300.
☆ DeSantis says he's considering adding new taxes and tolls at Disney World to punish the company over its power play
  + stars: | 2023-04-07 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +5 min
Ron DeSantis acknowledged Disney had "tried to pull a fast one" over control in Florida. Ron DeSantis of Florida has pledged he isn't done with trying to control Walt Disney World. He pledged that the company, which had benefitted from a special carve-out for decades, would eventually pay its debts and taxes. DeSantis said the legislature would void Disney's actions and also consider taxes on hotels, new tolls, and developing properties. Ron DeSantis made at Hillsdale College.
☆ Inside Disney it's 'Revenge of the Creatives' and 'Shields Up!' against outside foes as returned CEO Bob Iger is taking no prisoners
  + stars: | 2023-04-07 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +12 min
Since returning as Disney CEO, Bob Iger has vanquished foes and dumped many of predecessor Bob Chapek's hires. But it's a supercharged Bob Iger who is really taking command. "If I'm inside Bob's head coming back, after the downfall of Bob Chapek, this is all about taking no prisoners," said Will Schutte, a high-level executive coach. Disney World is scheduled to host a major conference on gay rights in September, according to the Miami Herald. Even if he wants to be the Bob Iger of old he can't be.
☆ Investors Retreat From Commercial Real Estate Bonds
  + stars: | 2023-04-06 | by ( Sam Goldfarb | ) www.wsj.com   time to read: 1 min
Office vacancies are soaring in many cities, fueling concern that delinquencies and defaults will continue to climb. Prices of bonds backed by commercial mortgages have recently dropped to levels not seen since the early days of the pandemic, pointing to a growing economic threat stemming from office vacancies and rising interest rates. A small corner of the U.S. bond market, so-called commercial-mortgage-backed securities, or CMBS, have taken a beating for over a year owing to fears that owners of business parks, high-rises and other office properties could default on loans extended at a time of different work habits and lower financing costs.
☆ As National Parks Visits Surge, Booz Allen Benefits
  + stars: | 2023-04-06 | by ( Allison Pohle | ) www.wsj.com   time to read: 1 min
Visitors driving into Montana’s Glacier National Park this summer must buy a vehicle pass on Recreation.gov. The pass is free, but visitors pay a $2 fee to book the reservation. Visitors might assume that, like entrance fees, the reservation charges help pay for improving trails around the park’s Running Eagle Falls or expanding the park’s volunteer program. But a chunk of the money ends up with consulting firm Booz Allen Hamilton Inc.
☆ Clarence Thomas said he loves RVs and Walmarts in a documentary financed by the billionaire who was taking him on luxury vacations
  + stars: | 2023-04-06 | by ( Natalie Musumeci | ) www.businessinsider.com   time to read: +3 min
Supreme Court Justice Clarence Thomas once said in a documentary that he prefers RV parks and Walmarts. A new ProPublica report found Thomas has been taking luxury vacations paid for by a GOP megadonor for years. A Supreme Court spokesperson did not immediately respond to requests for comment by Insider on Thursday. "Justice Thomas and Ginni never asked for any of this hospitality," Crow said. "We have never asked about a pending or lower court case, and Justice Thomas has never discussed one, and we have never sought to influence Justice Thomas on any legal or political issue," said Crow.
☆ DeSantis leaves everyone on a cliffhanger on his retribution over the Disney power play: 'Buckle up'
  + stars: | 2023-04-06 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +4 min
Ron DeSantis acknowledged Disney had "tried to pull a fast one" over control in Florida. Ron DeSantis of Florida has pledged he isn't done with trying to control Walt Disney World. DeSantis didn't say what would come next in his battle with the family-favorite company, a feud that first began in early 2022. First DeSantis signed a bill into law in April 2022 to dissolve the Reedy Creek district that oversees Disney. On his book tour stops, DeSantis frequently boasts about taking on Disney over the Parental Rights bill, which he said was necessary to protect children.
☆ FedEx to combine delivery units as part of $4 bln cost-cut push
  + stars: | 2023-04-05 | by ( Lisa Baertlein Kannaki Deka | Lisa Baertlein | Kannaki Deka | ) www.reuters.com   time to read: +3 min
The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx Express overnight air delivery business was announced almost a year after activist investor D.E. FedEx Express is already handling FedEx Ground's pickup and deliveries in Alaska and Hawaii - fueling concerns that Ground contractors in the lower 48 states could be let go. John Smith will become president and CEO of U.S. and Canada ground operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground and FedEx Freight businesses from April 16. FedEx Freight will continue to provide freight transportation services as a standalone company under the Federal Express Corp banner, the company added. Shares in FedEx, which also announced a 10% dividend boost on Wednesday, were up about 2% in mid-morning trade.
☆ I did the Disney College Program 4 times and had years of free access to the parks. Here's how I got in.
  + stars: | 2023-04-05 | by ( Jamie Killin | ) www.businessinsider.com   time to read: +5 min
Keller participated in the Disney College program four times, working at the parks as a student. When I was 12 years old, I learned about the Disney College Program. When I got older, I learned that travel and tourism was a college degree programI went that route for my bachelor's and master's degrees while in the Disney College Program. I was there until the following August, then went back to Florida to do the Disney College Program again while I started graduate school. I had to apply for the Disney College Program each time, so I learned the process wellThe college program application just requests super basic information from you — it's not one of those long, 100-question type things.
☆ South Africa revokes 'state of disaster' declared over power crisis
  + stars: | 2023-04-05 | by ( Kopano Gumbi | ) www.reuters.com   time to read: +3 min
The state of disaster gave the government additional powers to respond to the crisis, including by permitting emergency procurement procedures with fewer bureaucratic delays and less oversight. The newly appointed electricity minister Kgosientsho Ramokgopa said some crisis measures would remain in place. "The state is withdrawing the national state of disaster in response to OUTA's legal action challenging its rationality," said OUTA, a non-profit organisation that focuses on fighting government corruption and tax abuses. REUTERS/Esa AlexanderOUTA said the disaster regulations would have enabled corruption and that the crisis could be managed using existing laws. President Cyril Ramaphosa invoked disaster regulations on Feb. 9 to fight a paralysing power crisis that has included daily rolling power cuts by Eskom.
☆ Apple CEO Tim Cook shares his No. 1 strategy for clearing his head: 'It's better than any other thing you could possibly do'
  + stars: | 2023-04-05 | by ( Ashton Jackson | ) www.cnbc.com   time to read: +3 min
At least, that's what Apple CEO Tim Cook does. Getting out into nature eases those tensions and helps Cook mentally reset, he told GQ on Monday. Its data showed that good health and wellbeing peaked after spending 200-300 minutes outside. Cook, who has an estimated net worth of $1.8 billion, isn't the only billionaire who prioritizes outdoor time. Take this survey and tell us how you want to take your money and career to the next level.
☆ Netflix vs. Disney? Analysts have a favorite, and give it nearly 30% upside
  + stars: | 2023-04-05 | by ( Zavier Ong | ) www.cnbc.com   time to read: +4 min
There's plenty of competition in streaming services, but Netflix and Disney are undoubtedly two of the biggest names — and both are facing a number of headwinds. However, analysts' average potential upside tells a different story: Disney gets average potential upside of 26%, according to FactSet data, while Netflix's comes in at just 3.8%. The case for Netflix For Bank of America, Netflix is a "world class brand" with a "leading global subscriber base." "I think Netflix is certainly going to have a lot of leverage on revenue growth and cost discipline. With the kind of blended businesses and the opportunities for improvement, I think Disney is a little bit better in my favor," he said.
☆ America's Parking Addiction Hurts the Economy, Drives up Housing Costs
  + stars: | 2023-04-04 | by ( Jeral Poskey | ) www.businessinsider.com   time to read: +10 min
A society committed to housing and feeding its people will ensure plenty of land is dedicated to homes and farms. According to the builder WGI, the average parking stall in the US costs $27,900 to build, more than the cost of many new compact cars. The money and resources dedicated to parking could be used for other purposes, but breaking our country's reliance on parking has been difficult. Parking accounted for about 27% of per-unit costs, regardless of whether the resident owned a car or not. Better transportation, better land use, better citiesEfforts are underway to finally rid America of its unhealthy devotion to parking.
☆ An all-female lizard species that reproduces asexually stress-eats to cope with the deafening racket of jets at a nearby military base
  + stars: | 2023-04-04 | by ( Erin Snodgrass | ) www.businessinsider.com   time to read: +5 min
Noise pollution from aircraft flyovers at Fort Carson in Colorado piqued the reptiles' anxiety. The rare, all-female species, which reproduce asexually, live exclusively in Colorado and boast long, thin tails, giving them their name. Researchers zeroed in on a collection of the reptiles located near Colorado Springs at the Fort Carson US military installation. A Javelin missile fired by soldiers with the 2nd Stryker Brigade Combat Team heads toward a target during a live-fire training exercise on April 28, 2022 in Fort Carson, Colorado. "Behavioral responses to noise pollution often translate into stress responses, as loud noises increase cortisol levels in several species," the study authors wrote.
☆ Why fans say trips to Disney World are now 'incredibly complicated' to pull off
  + stars: | 2023-04-03 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: +12 min
But some travelers aren't thrilled about what it takes to pull off a trip to Walt Disney World these days. He said he goes to Disney World about "once a month." They will leave thinking food at Disney World is a "cheeseburger and a hot dog … which could not be farther from the truth," he said. Walt Disney World comprises four theme parks, two water parks and dozens of themed hotels, plus a shopping and entertainment area called Disney Springs. He called Disney World an "amazing spa destination" and said Disney Springs, formerly known as Downtown Disney, has shopping, live music and fantastic restaurants.
☆ The NYC park where Marjorie Taylor Greene is hosting the rally for Trump used to be an open sewer the city tried to fill in with land but it sunk (and stunk)
  + stars: | 2023-04-03 | by ( Rebecca Cohen | ) www.businessinsider.com   time to read: +7 min
The NYC park where Marjorie Taylor Greene is hosting a Trump rally used to be an open sewer. Collect Pond Park was then a blossoming new neighborhood, and later the center of a gang-filled slum. It took six years for the city to fill the hole that was once Collect Pond, according to the parks department. The area finally became a park in 1960Luciano Garbati's statue 'Medusa With The Head of Perseus' at Collect Pond Park on October 13, 2020. REUTERS/Brendan McDermidIt wasn't until 1960 that NYC's Board of Estimate gave the area Parks jurisdiction.
☆ Planning a trip to Disney World? Why you need a "game plan" in place
  + stars: | 2023-04-03 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlanning a trip to Disney World? Why you need a "game plan" in placeLike many places, trips to Walt Disney World are all about booking in advance — hotels, restaurants, parks, even rides. Here's how the Orlando park is managing its own popularity in an era of overtourism and rapid technological change, CNBC's Monica Pitrelli reports.
☆ See the 6 private islands in the Caribbean owned by cruise lines with amenities like water parks, luxury villas, and private beaches
  + stars: | 2023-04-02 | by ( Hannah Towey | Brittany Chang | ) www.businessinsider.com   time to read: 1 min
And of course, cabanas can be rented at an extra cost. It wouldn’t be a private island owned by a cruise line without some paid amenities, after all.
☆ Gavin Newsom heckles Ron DeSantis over latest Disney power struggle, on the Florida governor's home turf
  + stars: | 2023-04-01 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +7 min
Gavin Newsom of California praised Walt Disney World for its "masterclass" of putting Republican Gov. Ron DeSantis of Florida "back in his place" after the company created a loophole to maintain control of its land. News broke this week that a law giving the Florida governor power to take over Disney World's governing board is likely toothless. Democratic governors frequently criticize DeSantis' policies in Florida, and DeSantis last month mocked people who do so yet "end up being spotted on the beach somewhere vacationing in Florida." As for a potential 2024 GOP nomination contest between the former president and DeSantis, Newsom predicted Trump would "clean his clock."
☆ Tesla recalls semi trucks for faulty parking brakes
  + stars: | 2023-03-31 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +2 min
CNN —Tesla has issued a recall for 35 of its new electric Semi trucks because the parking brake might not engage when applied by the driver. A Tesla Semi prototype seen durings its 2017 unveiling. PepsiCo also did not immediately respond to a request for information about its Tesla Semi truck fleet. There have been numerous reports of Tesla Semi trucks apparently breaking down on the road. Besides being fully electric, the Tesla Semi also has an unusual design in which the driver sits in the center of the cab rather on one side.
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