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☆ Behind Trump's campaign cash crunch: Small-dollar donor fatigue, major donor hesitation
▼ + stars: | 2024-03-18 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

The drop in Trump's small-dollar contributors could be significant obstacle as the former president faces the well-funded incumbent president, Democrat Joe Biden. Falling behind BidenEvidence from earlier in the 2024 election cycle already hinted at an erosion of Trump's small-dollar donor base, or support of $200 or less. In January of this year, Trump's campaign reported raising around $3 million from small-dollar donors, according to data from OpenSecrets. Elizabeth Frantz | ReutersMeanwhile, Trump's campaign told The New York Times that February was its strongest month so far in the 2024 campaign cycle for small-dollar donations. Between Jan. 1 and Dec. 31, 2020, Trump's campaign raised over $264 million from small-dollar supporters.

Persons: Donald Trump, Marco Bello, Reuters Donald Trump's, Joe Biden, Biden, Trump's, Elizabeth Frantz, Trump, Shannon Stapleton, John Paulson, Howard Lutnick, Letitia James, Steve Schwarzman, Miriam Adelson, Denise Truscello, Stephen Louro, Long, Louro, Greg Abbott, Elise Stefanik, Haley, Nikki Haley, MAGA, Adrienne Arsht, Mike Segar, Paul Singer, Singer, Paul Singer David A, Singer's, Lara Trump, Jonathan Drake Organizations: Reuters, White, Republican Party, Federal, Commission, U.S, Capitol, Washington , D.C, New York Times, CNBC, Trump, Republican National Committee, RNC, New York, Court, Trump Organization, AFP, Getty, PAC, Democrats, Blackstone, Cleveland Clinic Lou, Brain Health, MGM, Garden, Hamptons, Republican, New York Republican, Republican Texas Gov, South Carolina Gov, Former South Carolina, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, Republicans, Haley, Grogan, American Opportunity Alliance, Politico, North, North Carolina GOP Locations: Lago, Palm Beach , Florida, U.S, Washington ,, New York City, Las Vegas , Nevada, York, Former, Miami , Florida, Houston, New York, North Carolina, Greenville , North Carolina

☆ Women cyclists used a $6,000 bike to fight off a cougar who was mauling their friend: report
▼ + stars: | 2024-03-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

Read previewFive female cyclists fought off a male cougar in the Pacific Northwest wilderness for 45 minutes, KUOW reports. Five women cyclists in their 50s to 60s had embarked on a ride at the Tokul Creek trail, east of Seattle. Advertisement"Looking to my right, I saw the cougar's face," Bergere told KUOW Puget Sound Public Radio, Seattle's NPR news station. Falling into a shallow ditch with the cougar, Bergere thought her "teeth were coming loose" and could feel her "bones crushing." "These ladies are not big, and they were killing this cougar," Bergere said.

Persons: —, Keri Bergere, Bergere, KUOW, Thomas Barwick, Annie Bilotta, Jeff Sikich, Tietz Organizations: Service, Business, KUOW Puget Sound Public, NPR, Fish & Wildlife Police, National Parks Service, Reuters Cougars, Washington Department of Fish & Wildlife, Department Locations: Pacific, Washington, Seattle, Santa Susana, Southern California

☆ A speech that sent shockwaves from Washington to Jerusalem
▼ + stars: | 2024-03-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

Schumer’s rebuke of Prime Minister Benjamin Netanyahu Thursday contained extraordinarily strong language for a senior US politician criticizing the Israeli government. He also voiced support for a two-state solution to the long conflict between Israelis and Palestinians, a position that Netanyahu has rejected. He was almost immediately accused of deserting a US ally in a time of war and of trying to interfere in Israeli politics. McConnell added: “Israel is not a colony of America whose leaders serve at the pleasure of the party in power in Washington. Biden himself last week warned Netanyahu was “hurting Israel more than helping Israel” with his assault on the Palestinian enclave.

Persons: Chuck Schumer’s, Israel, ”, Benjamin Netanyahu, Joe Biden’s, Schumer –, –, Netanyahu, “, ” Schumer, Schumer, Israel’s, United States Michael Herzog, Mitch McConnell, doesn’t, McConnell, Obama, Donald Trump, Biden’s, Biden, Kamala Harris, Israel ”, Biden – Organizations: CNN, New York Democrat, Hamas, Likud, Democratic, Kentucky Republican, Senate, Progressives, Democrats, Biden, White, Israel, Israel Democrats Locations: Israel, Gaza, United States, Ukraine, America, Washington, Iran, Tel Aviv, Jerusalem, Michigan

☆ It’s Never Too Late to Find a New Career (a Mile Above Your Old One)
▼ + stars: | 2024-03-12 | by ( Chris Colin | ) www.nytimes.com time to read: 1 min

“It’s Never Too Late” is a series that tells the stories of people who decide to pursue their dreams on their own terms. Live music was no more. Patrick Milando could draw no other conclusion. It was a summer day in 2020, a peak of the coronavirus pandemic, and Mr. Milando, a French horn player, had been driving through a locked-down, emptied-out Times Square. At an age when his peers were wrapping up their work, Mr. Milando found himself pondering a new way to pay the bills — 5,000 feet above his old way.

Persons: “, Patrick Milando, Milando, ” Organizations: Metropolitan Opera Locations: French

☆ Explainer-How the West Might Use Russia's Frozen Reserves
▼ + stars: | 2024-03-12 | by ( March | At P.M. | ) www.usnews.com time to read: +5 min

Here are some of the ideas that have been suggested:CONFISCATIONSome international policymakers and lawyers say the immobilised Russian reserves can simply be confiscated under a doctrine of international law known as "countermeasures". Some in the bloc are still wary, though, and the European Central Bank has warned that claiming the trapped Russian assets should only be done in tandem with G7 powers. The bondholders would not have a contractual claim on the Kremlin’s frozen reserves. Ukraine would have a plausible way to collect on any damages awarded up to the value of the reserves. If Moscow refused to pay the damages, the allies could then use Russia’s frozen assets to pay off the loan.

Persons: Marc Jones, Lee Buchheit, Daleep Singh, Mark Heinrich Organizations: Marc Jones LONDON, Emergency Economic, U.S, European Central Bank Locations: Ukraine, Russia, Kuwait, United States, EU, Russian, Brussels, Belgium, U.S, Britain, China, Hong Kong, Dubai, Moscow

☆ The Justice Department reportedly opened a criminal investigation into the Alaska Airlines door blowout
▼ + stars: | 2024-03-11 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

The DoJ opened a criminal investigation into the Boeing 737 blowout, The Wall Street Journal reported. AdvertisementThe Department of Justice has reportedly opened a criminal probe into the Boeing jetliner blowout that left a hole in the side of an Alaska Airlines plane in January. Citing unnamed sources, The Wall Street Journal reported on Saturday that DoJ investigators had contacted passengers and crew members who were on the Boeing 737 Max 9. Alaska Airlines said in a statement: "In an event like this, it's normal for the DoJ to be conducting an investigation. However, the NTSB is still unsure about who removed and replaced the door panel, Homendy said Wednesday.

Persons: —, Ed Wray, Jennifer Homendy, Homendy Organizations: DoJ, Boeing, Street Journal, Alaska Airlines, Service, of Justice, Street, Business Insider, Lion Air, Seattle Times, National Transportation Safety, NTSB, Spirit, Aviation Administration, FAA Locations: Portland , Oregon

☆ On the 5th anniversary of a fatal 737 Max crash, victims’ families want more focus on Boeing’s potential safety problems
▼ + stars: | 2024-03-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

Even though the same jet model had crashed soon after taking off from Indonesia less than six months earlier, aviation authorities around the world had allowed the 737 Max to keep flying with passengers. A third incidentThis year, on January 5, a part of a 737 Max 9 flown by Alaska Airlines blew out, leaving a gaping hole in the side of the plane. Boeing’s production problems went beyond the design flaw that led to the crashes. “Within days of the first crash, Boeing knew there was a design defect,” Robert Clifford, one of the plaintiff attorneys in the case, told CNN. Last month, Boeing removed executive Ed Clark, the head of its 737 Max passenger jet program.

Persons: New York CNN — Michael Stumo’s, Samya Rose Stumo, ”, “, ” Michael Stumo, Michael Stumo Samya Rose, Max, Michael Stumo, We’d, ” Stumo, ” Zipporah, Joseph, ‘ something’s, ’ ” Joseph Kuria, Olivia Kuria, “ It’s, haven’t, Kruia, ” Kuria, ” Robert Clifford, people’s, Olivier Douliery, Dave Calhoun, Ed Clark, Stephen Brashear, Eduardo Soteras, David Calhoun, Mike Delaney, ” Joseph, Zipporah, Dennis Muilenburg, Calhoun, Stumo, “ I’m, Kuria, there’s Organizations: New, New York CNN, Boeing, Max, CNN, Copenhagen School of Public Health, Ethiopian, Alaska Airlines, National Transportation Safety Board, Alaska, Federal Aviation Administration, Transportation Safety Board, NTSB, Alaska Airlines Flight, Alaska Air, ”, US Justice Department, FAA, Justice Department, Getty, Ethiopian Airlines, Lion Air, Airline Pilots, Association of Ethiopia Locations: New York, Addis Ababa, Ethiopia, Kenya, Indonesia, Alaska, Portland , Oregon, Arlington , Virginia, AFP, ”, Renton , Washington, Washington

☆ How, when and where you can watch the 2024 Oscars
▼ + stars: | 2024-03-09 | by ( Tom Page | ) edition.cnn.com time to read: +6 min

Yes, it’s Oscars weekend. Comparisons are already being made to 1998 and 2004, when “Titanic” and “The Return of the King” steamrolled their respective competition on their way to a record 11 Oscars each. Emily Blunt (as Kitty Oppenheimer) with writer, director, and producer Christopher Nolan and Cillian Murphy (as J. Robert Oppenheimer) on the set of "Oppenheimer." The host and presentersJimmy Kimmel on stage at the Oscars in 2023. Gladstone and Stone split the Golden Globes, Stone won the BAFTA and Glastone won the SAG award, leaving this contest finely poised.

Persons: CNN —, “ Oppenheimer, ”, Christopher Nolan’s, Emily Blunt, Kitty Oppenheimer, Christopher Nolan, Cillian Murphy, Robert Oppenheimer, Oppenheimer, Melinda Sue Gordon, We’ll, “ Oppenheimer ”, Jimmy Kimmel, Kevin Winter, Steven Spielberg, Sally Field, Jennifer Lawrence, Dwayne Johnson, Rita Moreno, Al Pacino, Zendaya, Michelle Pfeiffer, Ryan Gosling, Margot Robbie, Greta Gerwig, Barbie, Jaap Buitendijk, “ Barbie, I’m, Ken ”, Billie Eilish, Jon Batiste, Becky G, Scott George, Emma Stone, Nolan, Oscar, Da’Vine Joy Randolph, Alexander Payne’s “, Robert Downey Jr, Lewis Stauss, Jonathan Glazer’s, Justine Triet’s Palme, Anatomy’s, Sandra Hüller, Lily Gladstone, Gladstone, Stone, Glastone, JaNae Collins, Cara Jade Myers, Jillian Dion, It’d, Martin Scorsese, Miyazaki, ” Steven Spielberg Organizations: CNN, Hollywood, Universal, ABC, Hulu Live, Warner Bros . Pictures, Osage, Searchlight Pictures, Globes, BAFTA, SAG, Apple, Sony Locations: “, Poland, France

☆ Key takeaways from the latest jobs report
▼ + stars: | 2024-03-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

“The economy remains strong, held up by a robust labor market,” wrote Christopher Rupkey, chief economist with FwdBonds, in a note Friday. Still, Friday’s jobs report also showed that the whopping gains initially recorded for January and December were revised down by a combined 167,000 jobs. January’s job gains now sit at an estimated 229,000 (down from the blowout 353,000); and December’s job growth at 290,000 (down from 333,000). In February, that included construction (up 23,000 jobs); transportation and warehousing (up 19,700 jobs); and retail (up 18,700 jobs). Friday’s jobs report showed that wage growth is indeed slowing.

Persons: ”, Christopher Rupkey, FwdBonds, “, ” Robert Frick, —, ” Diane Swonk, Swonk, February’s, ” Frick, Julissa Carielo, ” Swonk, Gus Faucher, Lydia Boussour, EY, Boussour, Janet Yellen, CNN’s Kate Bolduan, they’re, ” Yellen, Price, CNN’s Bryan Mena Organizations: New, New York CNN, of Labor Statistics, Navy Federal Credit Union, CNN, KPMG US, Health, Baby Boomers, Transportation Security Administration, DreamOn, Inc, Boomers, Fed, Labor, Federal, PNC Financial Services, “ Fed Locations: New York, San Antonio , Texas, Texas

☆ What to expect in Friday’s jobs report
▼ + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.

Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, ”, ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, “ Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, ”, Labor Department Locations: New York, US

☆ Singapore InterContinental Hotel will pay you if it rains on your vacation
▼ + stars: | 2024-03-04 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

But one hotel in the Lion City is taking a gamble to ensure that rain doesn’t spoil its guests’ holidays. The InterContinental Singapore’s “Rain Resist Bliss” package will reimburse one night of a guest’s stay if one of their planned activities ends up getting rained out. The money comes in the form of a voucher, which must be spent at the InterContinental Singapore within one week, and the amount you get is equivalent to one night’s stay in your room category. Special packages like these can be a way for an established hotel to stand out from the pack. In Bali, one hotel banned smartphones and other electronics by the pool as a way to encourage guests to unplug and relax.

Persons: “ , what’s, Andreas Kraemer, Organizations: CNN, InterContinental, Asian Civilizations Museum, Tiger Brewery, Hyatt Locations: Singapore, Lion, InterContinental Singapore, Bali, Hyatt New York

☆ Xabi Alonso becomes Europe’s most wanted coach as Bayer Leverkusen runs away with Bundesliga
▼ + stars: | 2024-03-04 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Xabi Alonso was appointed the club’s head coach in October 2022, with Leverkusen languishing near the bottom of the German table. Prior to being appointed Leverkusen’s manager, Alonso had coached Real Madrid’s Under-14 team and Real Sociedad’s B team. We have seen in the past what else can happen,” Leverkusen defender Jonathan Tag told Dazn after the victory over Köln. There are 10 games remaining in the Bundesliga season and Leverkusen is the strong favorite to win its first ever league title. And with Leverkusen in semifinals of the domestic cup and the round-of-16 stage of the Europa League, Alonso could cap off a memorable second season in first-team management with a hat-trick of trophies.

Persons: ’, Michael Ballack, Oliver Neuville, Dimitar Berbatov, Zé Roberto, Zidane’s, Xabi Alonso, Alonso, Ina Fassbender, –, Jeremie Frimpong, Grimaldo –, Grimaldo, Frimpong, John Muller, “, ”, Jonathan Tag, Köln, Wolfgang Rattay, Thomas Tuchel’s Organizations: CNN, Bayer Leverkusen, Bundesliga, Borussia Dortmund, Champions League, Real Madrid, Leverkusen, Spain, Bayern Munich, English Premier League, Köln, Getty, Real Sociedad, Liverpool, Merseyside, League, Spanish national team, Real Madrid’s, Real, Benfica, The, Bayern, Europa League Locations: Liverpool, AFP, Istanbul, Leverkusen, Europe

☆ Sinéad O’Connor’s estate wants Donald Trump to stop using her music
▼ + stars: | 2024-03-04 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

London CNN —The estate of Irish singer Sinéad O’Connor has called on Donald Trump to stop using one of her songs during campaign events, the latest in a string of similar requests from artists who have decided they don’t want to be associated with the former US president. “It was with outrage therefore that we learned that Donald Trump has been using her iconic performance of Nothing Compares 2 U at his political rallies,” it continues. “As the guardians of her legacy, we demand that Donald Trump, and his associates desist from using her music immediately,” it concluded. 1 in 1990, buoyed by a music video that featured O’Connor, with close-cropped hair and a dark turtleneck. In 2020, the Rolling Stones threatened legal action against Trump’s campaign for using their music at his campaign rallies, and Tom Petty’s family issued a cease-and-desist notice to the Trump campaign after “I Won’t Back Down” was played at a rally.

Persons: Sinéad O’Connor, Donald Trump, ”, O’Connor, Tom Petty’s, Trump, “, Adele, Steven Tyler Organizations: London CNN, Chrysalis Records, CNN, Linkin, Trump, Republican Locations: Dublin, London

☆ The deep Biblical spirituality of Bob Marley’s music is being overlooked
▼ + stars: | 2024-03-03 | by ( John Blake | ) edition.cnn.com time to read: +15 min

They hiked, jet-skied and spent much of the time listening to Scott’s favorite musician, reggae superstar Bob Marley. He found refuge, though, in Marley’s music. “But Bob Marley’s music is what got us through. These Marley fans and scholars say it’s time to stop glossing over or editing out Marley’s “subversive spirituality.”“The Bible was as important to Marley’s music as his guitar,” MacNeil says. Actor Kingsley Ben-Adir, who plays Marley in "Bob Marley: One Love," attends the movie's premiere on January 23, 2024, in Kingston, Jamaica.

Persons: CNN — Dean MacNeil couldn’t, “, MacNeil, Scott, Bob Marley, ”, Marley, ” MacNeil, Bob Marley’s, Rita Marley, Kingsley Ben, Adir, Marcus Ingram, Matthew, Jesus, Luke, Vivien Goldman, Bob Dylan, Johnny Cash, Jimi Hendrix, Goldman, King James Bible, Judah, Haile Selassie I, Selassie, “ Jah, it’s, “ He’s, ” Rastafarians, Collin Reid, Adam Hochschild, ” Hochschild, Deepak Sarma, ” Marley, Marcus Garvey, Marley’s, didn’t, White, ” Marley didn’t, Jamaicia, Angela Weiss, Gibson Les Paul, John Lennon, John Blake Organizations: CNN, Time, BBC, Getty, Case Western Reserve University, National, Forbes Locations: Connecticut, Vermont, Jamaica, Kingston , Jamaica, America, Jerusalem, British, Ethiopia, “ Bury, United Kingdom, Jamacia, Ohio, ganja, Jamaican, Africa, Miami, Trench, Hollywood, Kingston

☆ March in a presidential election year may kick off a weak period. Here's why that could be a buying opportunity
▼ + stars: | 2024-03-01 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Seasonally speaking, stocks could be in for a pullback as the calendar turns to March in a presidential election year. In every March since 1950, the S & P 500 historically rises 1.1%, but the same month in presidential election years scores a smaller 0.4% advance on average. Currently, the S & P 500 is trading around the 5,100 level. But Hirsch advised investors to watch S & P 500 support levels closer to 4,800, the prior all-time high, or 4,600, the high from the summer of 2023. That's because Hirsch anticipates the S & P 500 will rise to 5,500 by year end, so any dips may prove a buying opportunity for investors.

Persons: Jeffrey Hirsch, Russell, Hirsch, it's, you've, —, Hirsch isn't, Katie Stockton, Sam Stovall, Stovall Organizations: Dow Jones Industrial, Nasdaq, CFRA Research

☆ Cramer's week ahead: Watch for earnings from Target, CrowdStrike, Kroger and more
▼ + stars: | 2024-03-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Friday told investors what to look for next week on Wall Street, including earnings from retailers like Target . Tuesday brings earnings from Target and Cramer said he's optimistic about the big-box retailer's performance. On Thursday, Cramer will be paying attention to earnings from grocers Kroger and Costco , as well as Marvell Technology . Friday brings February's unemployment report. If there's a slight boost in unemployment while wages stay steady, Cramer said he thinks investors won't have to fight the Fed.

Persons: CNBC's Jim Cramer, Cramer, Forget, he'll, it's, George Kurtz, Campbell Soup, Kroger's, he's Organizations: Federal Reserve, Palo Alto Networks, Abercrombie, Fitch, Kroger, Costco, Marvell Technology, Federal Trade Commission, Albertsons

☆ AiScout: Top soccer clubs are using a mobile app to find future stars
▼ + stars: | 2024-03-01 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

London CNN —A London-based technology company is looking to “democratize” talent-identification and scouting in soccer using a mobile app. Free to download and available globally, the aiScout app allows aspiring soccer stars to enter virtual trials for professional clubs by uploading self-recorded footage of themselves completing a series of drills. Ben Greenwood had never had a trial with a professional club until he downloaded the app in 2019. Felton-Thomas said the “lion’s share” of its income comes from charging clubs a license fee to run the platform. Should soccer talent scouts be concerned about being edged out by the arrival of AI in their industry?

Persons: ’, ”, Richard Felton, Thomas, Ben Greenwood, Felton, ” Felton, player’s, he’s, We’ve, you’re Organizations: London CNN, English Premier League, Chelsea, Burnley, EPL, Bournemouth, Major League Soccer, US, View Research, CNN Locations: London, Felton

☆ Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal
▼ + stars: | 2024-02-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Donald Trump (R) and producer Andy Litinsky (L) attend the Comedy Central Roast Of Donald Trump at the Hammerstein Ballroom on March 9, 2011 in New York City. The partnership, United Atlantic Ventures alleges that Trump Media & Technology Group engaged in "wrongful 11th hour ... maneuvering" to dilute UAV''s minority stake in the media company, a court filing says. Donald Trump attends the 'Celebrity Apprentice' Red Carpet Event at Trump Tower on January 5, 2015, in New York City. "They actually went out and did the work, they created Truth Social, and now the beneficiary of that, Donald Trump, doesn't want to pay." CNBC has requested comment from spokesmen for Trump, TMTG and DWAC about the lawsuit, which was first reported by The Washington Post.

Persons: Donald Trump, Andy Litinsky, Moss, Wes Moss, Trump, Jean Carroll, Christopher Clark, Clark, Donald J, TMTG, UAV's, TMTG's Organizations: Trump Media, Twitter, Facebook, United Atlantic Ventures, Trump Media & Technology Group, Trump Tower, Trump, Republican, TMTG, CNBC, The Washington Post, Securities and Exchange Commission, Department of Justice, SEC Locations: New York City, TMTG, Delaware, New York, partnership's Delaware

☆ Over 60% of illegal crypto activity is tied to sanctioned groups or terrorist organizations, report finds
▼ + stars: | 2024-02-29 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

The American blockchain analysis firm's "2024 Crypto Crime Report" found that $24.2 billion of illicit cryptocurrency was transferred in 2023, based on already identified illicit crypto wallets. Chainalysis retroactively updates its yearly crypto figures when new illicit wallets come to light. watch nowCrypto to avert sanctionsEntities like the crypto "mixer" Tornado Cash and Garantex took the lion's share of illicit funds in 2023. The amount of crypto transferred to sanctioned entities has climbed in recent years in tandem with a greater share of new trade restrictions specifying crypto wallets. Terrorist financingIllicit crypto volume identified by Chainalysis as terrorist financing accounted for a much smaller proportion than that of transactions to sanctioned entities in 2022.

Persons: Andrea Gacki, cryptocurrency, Chainalysis, Andrew Fierman, Garantex, Tornado Cash, Lazarus, Lazarus Group ., Sinbad.io, Chanalysis's Fierman, Tawfiq Muhammad Said Al, Law's, Hayat Tahrir Organizations: Foreign Assets, U.S . Department of, Treasury, Bloomberg, Getty, Hezbollah, CNBC, Tornado, Lazarus Group, U.S . Office, Foreign, Lazarus, National Bureau for, Iran's Quds Force, Al, ISIS, Hayat Locations: New York, Korean, Chainalysis, China, Latin America, North Korea, Iran, Iran's Quds, Syria, cryptocurrency

☆ Bud Light boycott likely cost Anheuser-Busch InBev over $1 billion in lost sales
▼ + stars: | 2024-02-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —The world’s largest brewer may have lost as much as $1.4 billion in sales because of the backlash to its brief partnership with a transgender influencer to promote Bud Light beer. Anheuser-Busch InBev (BUD) reported record revenues for 2023 Thursday but said its “full growth potential was constrained” by its US business, where sales were hurt by a boycott of Bud Light over a sponsored Instagram post with Dylan Mulvaney. In North America, organic revenue, seen as the best measure of operating performance, plunged $1.4 billion last year as beer sales by volume tumbled in the region, primarily due to a decline in Bud Light sales in the United States. Bud Light sales tanked after the company’s partnership with Mulvaney sparked an anti-trans backlash and calls for a boycott. The firestorm saw Mexican lager Modelo Especial dethrone Bud Light last May as America’s top-selling beer, a title the brand had held for more than two decades.

Persons: BUD, Bud Light, Dylan Mulvaney, Beer, Mulvaney, Bud, Aarin, Hargreaves, ” Organizations: London CNN, Bud, Anheuser, Busch InBev, Bud Light, Modelo, “, Teamsters, InBev, InBev’s, Budweiser Brewing Company Locations: North America, United States, InBev’s Asia, Hong Kong, South Korea, China

☆ Coldplay, then Taylor Swift: Concert economics are driving a tourism boom in Singapore
▼ + stars: | 2024-02-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Coldplay, Ed Sheeran, and now Taylor Swift. Singapore is eyeing concert economics as its new growth driver, which is set to add hundreds of millions of dollars in tourism receipts. Fans bought 200,000 tickets as the shows sold out within hours, breaking the city-state's record for the most tickets sold by an artist in a single day. And starting this weekend, Singapore will host American popstar Taylor Swift, whose Eras Tour in the U.S. last year was estimated to generate around $4.6 billion in consumer spending. "Taylor Swift is also widely expected to generate a sizable economic boost, given her past record," Liu added.

Persons: Coldplay, Ed Sheeran, Taylor Swift, Yun Liu, Agoda, popstar Taylor Swift, Liu Organizations: Singapore's, Coldplay's Music Locations: Singapore, ASEAN, British, Asia, Pacific, Malaysia, Indonesia, U.S

☆ FAA had 'no presence' in Boeing's factory, despite its headquarters being 20 minutes away, former employee says
▼ + stars: | 2024-02-27 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Read previewA Boeing whistleblower who quit over concerns about the company's 737 Max production told Politico that the FAA had "no presence" at the factory he worked in. Two months after Pierson's resignation, a Lion Air Boeing 737 Max crashed into the sea in October 2018, killing all 198 people on board. The company faced backlash again in January of this year after a door plug on an Alaska Airlines Boeing 737 Max 9 blew off mid-flight . Pierson told the publication. AdvertisementPierson told Politico that he still feels unsafe on Boeing Max planes — so much so that he refuses to fly on them.

Persons: —, Max, Ed Pierson, Calhoun, Pierson, Dave Calhoun, JASON REDMOND, That's Organizations: Service, Boeing, Politico, FAA, Lion Air Boeing, Business, Ethiopian Airlines, New York Times, NBC News, Alaska Airlines Boeing, Max, CNBC, Alaska Airlines, Boeing Renton Factory, Getty, Foundation for Aviation Safety, Boeing Max, FFA Locations: Renton , Washington, AFP, Northwest, Seattle, New York, Alaska, Wichita , Kansas

☆ How Hermes Became the Ultimate Status Symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, —, waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn

☆ How Hermès became the ultimate status symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

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