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☆ Baltimore port bridge collapse: Global ocean carriers declare 'force majeure,' leaving U.S. companies on hook for urgent cargo pickup
▼ + stars: | 2024-03-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

"The impact of the Baltimore port stoppage on construction and contractor supply chains may be significant," said William George, director of research for ImportGenius. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. COSCO announced Wednesday morning that its services would "be concluded" once the diverted container arrives at the alternate port. Out of the diverted ports, New York/New Jersey and Savannah, are included. One of the biggest concerns among logistics companies is availability of chassis for both truck and rail to handle the diverted cargo.

Persons: Dali, Francis Scott Key, William George, ImportGenius, Maersk, COSCO, majeure, CGM, Paul Brashier, Brashier, Matt Castle, Robinson, Val Noel, Mike Wilson, Noel, Alan Baer, Baer, Stephen Edwards, Edwards Organizations: Francis Scott Key Bridge, Logistics, CNBC, Baltimore, Evergreen, CMA, ITS Logistics, U.S Department of Transportation, Home Depot, Nike, Walmart, Union Pacific, BNSF, Robinson, DHL, FedEx, Port, DOT's, Rail, TRAC, Freight, Consolidated Chassis Management, USA, Norfolk . Our Midwest Locations: Baltimore , Maryland, Baltimore, The Port, U.S, Port of Baltimore, Target, East, , New York, New Jersey, Savannah, Chicago, Brunswick, Virginia, Charleston, New York, Philadelphia, Norfolk, Wilmington , Savannah, Jacksonville, UAE, Saudi, Doha, India, Bangladesh, NY, Montreal, Port of Virginia, Port

☆ AI-powered Cherish Health has raised $26 million and is set to raise a $30 million Series B — and hasn't grabbed a single dollar from VCs. Here's why.
▼ + stars: | 2024-03-25 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

But with his latest startup, Cherish Health, he's taking a different approach. To date, Cherish Health, which makes a radar-based device to detect falls in the home, has raised $26 million from these alternative sources. Cherish Health is now gearing up to raise its Series B round, targeting $30 million at a $200 million valuation. In late 2022, Cherish Health landed $5 million in Series A funding led by Alarm.com at a $45 million valuation. If Cherish Health had gone the way of traditional venture capital, Nagpal said, "we would've given up most of our value by now."

Persons: Sumit Nagpal, Nagpal, he's, we've, JP Morgan, Health's, Health, Alarm.com, consortiums, aren't Organizations: pharma, Abbott, Business, Accenture, Health, Apple, Comcast, Amazon, Cherish Health Locations: Alere, Haven, Amazon , Berkshire, Alarm.com, VCs

☆ Senegal goes to the polls as country’s once sturdy democracy looks shaky
▼ + stars: | 2024-03-23 | by ( Nimi Princewill | ) edition.cnn.com time to read: +9 min

CNN —Senegalese voters will choose their next president on Sunday in a delayed and high-stakes election that poses a test for the country’s democracy. A long list of candidates are running, but two former tax inspectors - one representing the government, the other the main opposition coalition - are considered frontrunners. Just over seven million of Senegal’s 18 million people are registered to vote in this election, the country’s electoral body said. It shows how desperate these young people are due to the failure of President Sall to create employment,” Thior said. The ruling coalition candidate Ba kicked off his campaign promising “massive employment” for young people and improving the “purchasing power of households” by creating thousands of jobs.

Persons: Macky Sall, –, Sall, “, ”, Zohra Bensemra, Ousmane Sene, Mamadou Thior, Sall’s, Amadou Ba, Bassirou Diomaye Faye, Ousmane Sonko, jeopardizing, Sonko, kickstart, Carmen Abd Ali, Faye, John Wessels, Thior, “ We’re, “ Thior, Idrissa Seck, ” Faye, Ba, Michele Cattani, ” Thior, ” Sene Organizations: CNN, Senegalese, BBC, ”, Reuters, West African Research Center, firebrand, president's Alliance, Republic, Getty, Sonko, International Organization for, International Monetary Fund Locations: West African, Senegal, ” Senegal, Dakar, Senegalese, Diourbel, AFP, Republic, Medina, Canary, Europe, Spain, Nicaragua, “

☆ Going once, going twice: How Trump's cash and properties would be garnished and auctioned to pay his NY fraud debt
▼ + stars: | 2024-03-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

AG Letitia James plans to go after Trump's cash and property if he doesn't pay his civil fraud debt. Is the ball in Letitia James' court? "The burden is on Letitia James to find Trump's assets" and decide what she wants garnished or auctioned, he said. D'Orazio predicts James would first target the cash that Trump and the Trump Organization keep in New York-registered bank accounts. He would then remit $95 million to the Attorney General's Office, and that would go toward paying Trump's judgment.

Persons: Letitia James, —, padlocks, Donald Trump's, Trump, James, Bernard D'Orazio, D'Orazio, — James, Mark, we're, doesn't, It's, she'll, Arthur Engoron, Jeff Greenberg, — Trump Organizations: Service, Trump, Trump Plaza, New, Social, Trump —, GOP, AP, Trump Organization, Radio City Music Hall, Forbes, New York, Fire Locations: New York, New York City, Manhattan, New, Westchester County, Trump, Americas

☆ Buying a Rolex is easier than you think, an official retailer says
▼ + stars: | 2024-03-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. A store director, Caitlin Hausser, walked Business Insider through how to buy a Rolex from William Barthman Jeweler in New York City. It's not as difficult to buy as other luxury accessoriesCaitlin Hausser told Business Insider that Rolex Daytona models were in the highest demand. "Rolex wants new clients," Hausser told BI. Hausser told BI that clients wouldn't have to pay for their new Rolex until it was time to pick it up.

Persons: —, Caitlin Hausser, William Barthman, Jordan Hart, Hausser, It's, Hermès Kelly, Birkin Organizations: Service, Business, New York Stock Exchange, Daytona, Rolex, Rolex Rolex Locations: Swiss, New York City, New York

In an AP-NORC poll conducted in February, 38% of U.S. adults approved of how Biden was handling his job. Black adults are more likely than white and Hispanic adults to approve of Biden, but that approval has dropped in the three years since Biden took office. This is stuff that requires work,” Quentin Fulks, principal deputy campaign manager for the Biden campaign, said in an interview. Still, the Biden campaign and the broader Democratic Party are confronting their own struggles, despite their cash and organizational advantages. And in Nevada, Biden will continue promoting a new housing proposal that would offer a mortgage relief credit for first-time homebuyers and a seller's tax credit to encourage homeowners to offload their starter homes.

Persons: Joe Biden, Harris, Biden, Donald Trump, They're, Trump, Jill Biden, ” Quentin Fulks, “, ”, Maria Cardona, White, Lael Brainard, Sen, Catherine Cortez Masto, —, ” Cortez Masto, Linley Sanders, biden Organizations: WASHINGTON, Democratic, Biden, Asian American, Bilingual, GOP, Republican National, Trump, RNC, Trump's, Democratic Party, AP VoteCast, ”, White, National Economic Council, Republican, Associated Press Locations: Nevada , Arizona, Texas, Reno , Nevada, Washoe County, Las Vegas, Phoenix, U.S, Arizona, Maryvale, Nevada and Arizona, Biden's State, Biden’s, Nevada , Pennsylvania, North Carolina, Wisconsin, In Arizona, Nevada, Dallas, Houston

☆ Why ether's high price could be at risk despite strong supply and demand outlook
▼ + stars: | 2024-03-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The Ethereum network successfully completed its "Dencun" upgrade on Wednesday, which is meant to help it become faster and cheaper to use. The price of ether has been trading lower since then, which was expected based on the cryptocurrency's behavior following previous tech upgrades. "High activity on the Ethereum network has caused high transaction fees and, consequently, more fees burnt," Julio Moreno, CryptoQuant's head of research, said in a note Wednesday. High transaction activity causes network fees to spike, more fees being burnt and total supply to decrease." They're hoping that the combination of increased activity and the decrease in the supply of ether over time will push the token's price higher.

Persons: CryptoQuant, Julio Moreno, CryptoQuant's, William Ogden Moore Organizations: ETH, They're, bitcoin, Securities and Exchange Locations: Dencun, Solana, U.S

☆ The burning acid behind ant stings was spotted around two stars
▼ + stars: | 2024-03-15 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —Astronomers using the James Webb Space Telescope have detected commonplace chemical ingredients found in vinegar, ant stings and even margaritas around two young stars, according to NASA. The complex organic molecules they observed using the space observatory’s Mid-Infrared Instrument included acetic acid, a component of vinegar, and ethanol — otherwise known as alcohol. The team also found simple molecules of formic acid, which causes the burning sensation associated with ant stings, as well as sulfur dioxide, methane and formaldehyde. Stars form from swirling clouds of gas and dust, and the leftover material from star formation gives rise to planets. Detecting complex organic molecules in space is helping astronomers to determine the molecules’ origins as well as those of other larger cosmic molecules.

Persons: James Webb, Carl Sagan, “, Webb, detections, ”, Will Rocha, Young, Ewine van Dishoeck, Harold Linnartz, Linnartz, “ Harold, ” van Dishoeck Organizations: CNN —, NASA, ESA, Hustak, Leiden University, Astrophysics, Leiden Laboratory Locations: astrochemistry, Netherlands, ices

☆ British Wildlife Photography Awards 2024: The winning images
▼ + stars: | 2024-03-14 | by ( Nell Lewis | ) edition.cnn.com time to read: +3 min

The image, taken by Ryan Stalker, was chosen as the grand prize winner for the 2024 British Wildlife Photography Awards (BWPA). Seventeen-year-old Max Wood won the title of young British wildlife photographer of the year with this image of a coot running across a lake at sunrise. Max Wood/British Wildlife Photography AwardsRaising environmental awareness is a key motivation for the prize. The young British photographer category, supported by the Royal Society for the Protection of Birds (RSPB), encourages young people to engage with nature early. “We hope these images showcase to those around the UK and the world what we still have to hold onto and inspire people — particularly youngsters — to fight to protect our British nature.”

Persons: Ryan Stalker, ”, Will Nicholls, Max Wood, Jamie Smart, ” Nicholls, — Organizations: CNN, CNN —, Wildlife, Royal Society for Locations: Britain, Dorset, ”, British, Surrey

Robert F. Kennedy Jr. is having conversations with vice presidential candidates as he gets closer to announcing his running mate for his independent presidential bid. Kennedy told The New York Times that NFL quarterback Aaron Rodgers and former Minnesota Gov. Many states require independent candidates to name a running mate before they can seek access to the ballot, a factor driving the early push for Kennedy to make a pick. Major party candidates generally don't pick vice presidential nominees until closer to their summer conventions. Ventura, a former professional wrestler, shocked observers when he won the race for Minnesota governor as an independent candidate in 1998.

Persons: Robert F, Kennedy Jr, Kennedy, Aaron Rodgers, Jesse Ventura, Stefanie Spear, spooking, Donald Trump, Joe Biden, Rodgers, Ventura Organizations: The New York Times, Minnesota Gov, Democrat, Green Bay Packers, New York Jets, Minnesota

“What we are in now is a production war,” a senior NATO official told CNN. “The number one issue that we’re watching right now is the munitions,” the NATO official said. There is also a limit to Russian production capacity, officials say: Russian factories will likely hit a peak sometime in the next year. “If we were talking about this last fall, we would have talked about how they were targeting critical infrastructure,” the NATO official said. “In the short term — say, the next 18 months or so — it may be unsophisticated, but it’s a durable economy,” the NATO official said.

Persons: ”, Abrams, “, — “, Joe Biden, Inna Varenytsia, it’s, Putin’s, Steven Basham, “ It’s, Maxym, Russia’s ‘, Basham Organizations: CNN, Army, NATO, ”, Reuters, Ukraine, European Command, US Army, ” Intelligence, US European Command, Pentagon Locations: Russia, Europe, Ukraine, Kyiv, Ukrainian, Avdiivka, that’s, Iran, North Korea, Kreminna, Germany, Pennsylvania , Iowa, Texas, Moscow, Tehran, Bohorodychne, Donetsk, Russian

CNN —A road being built by the Israeli military splitting Gaza in two has reached the Mediterranean coast, a CNN analysis of satellite imagery shows. The plan has not been adopted by the IDF, but it includes elements that are coming into existence, including the Netzarim Corridor. Satellite imagery from November shows the tracks emerging, at a time when the military’s focus turned to surrounding Gaza City, advancing from the east. I remember it vividly.”Abu Holi was seldom open, Munther Al-Ashi, a lawyer from Gaza City, told CNN. “If our house in Gaza City has not been shelled, I would like to go back to it.

Persons: Benjamin Netanyahu, Al Rashid, Diaspora Affairs Amichai Chikli, Chikli, Israel, Shimon Orkabi, Volker Türk, ’ Emily Harding, Harding, Jamal Al, ”, ” Al, Rozzi, Khan Younis, “, Munther Al, Ashi, Al Rozzi Organizations: CNN, Israel Defense Forces, Al, Diaspora Affairs, IDF, Maxar Technologies, Planet Labs, Hamas, Israeli Engineering Corps, Combat Engineering Corps, Palestinian Friendship Hospital, Palestinian Friendship, UN, Human, Intelligence, National Security, Technology, Center for Strategic, International Studies, Israel, Rights Watch Locations: Gaza, Israel, Netzarim, Israeli, Gaza City, Be’eri, Chikli, Wadi Gaza, Turkish, Washington ,, ”, Rafah, “

☆ North Korea showcases artillery that poses a deadly threat to the South
▼ + stars: | 2024-03-07 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Seoul, South Korea CNN —North Korea on Thursday showed off its long-range artillery systems, thousands of weapons that it could use to strike the South with little warning while causing tens of thousands of casualties, according to experts. North Korean leader Kim Jong Un observed both drills and was seen in photos provided by state media. North Korean artillery fires during large-scales exercises on March 7. Even retaliatory strikes by South Korea and the US would be difficult to execute, the report said. In January, Kim called the South the North’s “primary foe and invariable principal enemy” and ordered a reunification monument in the North Korean capital to be demolished.

Persons: Kim Jong, Kim Jong Un, Kim, “, KCNA Kim, ” Organizations: South Korea CNN, South Korean, Korea’s Defense, Monday, North, Korean Central News Agency, Korean People's Army, South Korean Defense Ministry, Peninsula . Artillery, RAND Corp, RAND, ROK, DPRK, U.S, South Locations: Seoul, South Korea, North Korea, United States, Pyongyang, Ukraine, Russia, Korean, Republic of Korea

☆ Most countries have made ‘little or no progress’ in returning Nazi-looted art, report finds
▼ + stars: | 2024-03-06 | by ( Carlie Porterfield | ) edition.cnn.com time to read: +6 min

Of the 47 nations that endorsed the 2009 Terezin Declaration, which incorporated the principles, seven have made major progress, three have made substantial progress, 13 have made some progress and some 24 countries have made little or no progress, according to Tuesday’s report. “This report underscores the critical need for advancement in art and cultural property restitution,” Gideon Taylor, the president of WJRO, said in a statement. The 13 countries that have made some progress include Argentina, Belgium, Croatia, Greece, Hungary, Italy, Luxembourg, Norway, Poland and Serbia. Frederick Florin/AFP/Getty ImagesMost countries that signed onto the Terezin Declaration have made little or no progress, according to the report. This marks the first governmental document on Holocaust restitution to be endorsed in nearly 15 years, a step WJRO said will help advance the restitution of art and cultural property.

Persons: CNN —, —, restitutions, ” Gideon Taylor, WJRO, Frederick Florin, Antony J, Blinken, ”, Stuart E, “, Colette Avital Organizations: The Art, CNN, Jewish, Organization, Washington Conference, Washington, Palais Rohan Museum, Getty, WJRO, US State Department, of Holocaust Locations: Nazi, Austria, Czech Republic, France, Germany, Netherlands, Argentina, Belgium, Croatia, Greece, Hungary, Italy, Luxembourg, Norway, Poland, Serbia, Strasbourg, AFP, Australia, Brazil, Denmark, Ireland, Russia, Spain, Turkey, New York, Washington, Israel

☆ Don't be enticed by the gold rally, expert says: Investors 'buy gold and hope it doesn't go up'
▼ + stars: | 2024-03-06 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

One helpful way to think about the recent gold rally: it's a case of schadenfreude. The yellow metal does well when other assets — and the world — are in trouble. Be prepared to root against your investment, said William Bernstein, author of "The Four Pillars of Investing." "You buy gold and hope it doesn't go up," he said. Among the other previous good times for gold: The Great Recession and the start of the Covid outbreak.

Persons: William Bernstein ,, Vladimir Putin, Donald Trump Organizations: NATO, Finance Locations: Ukraine, Gaza

☆ Delta is the latest airline to raise its checked bag fee
▼ + stars: | 2024-03-05 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

A Boeing 767 passenger aircraft of Delta airlines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. Delta Airlines just became the latest airline to raise its checked bag fee — this time by $5 beginning Tuesday, according to the company. In a statement, the airline said the fee for both the first and second checked bag is increasing by $5 for most domestic and short-haul international routes. It will now cost travelers $35 for the first checked bag and $45 for the second checked bag. It's the first Delta baggage price increase since 2018, which the company said will help it stay on pace with rising industry costs.

Persons: Delta Organizations: Boeing, Delta, JFK International, Delta Airlines, Delta SkyMiles Medallion, American Airlines, United Airlines, JetBlue, Alaska Airlines Locations: Dublin, New York, Manhattan

☆ Lawyers who voided Elon Musk's pay as excessive want $6 bln fee
▼ + stars: | 2024-03-02 | by ( ) www.cnbc.com time to read: +1 min

The lawyers who voided Elon Musk's $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker's stock. Musk blasted the request as "criminal," posting on his X platform that "the lawyers who did nothing but damage Tesla want $6 billion." The company would pay the lawyers who represented Richard Tornetta, a shareholder who sued Musk in 2018 over the pay package, which a Delaware judge nixed in January. The electric vehicle maker is being asked to pay the fee because it benefited from the return of Musk's pay package, which the legal team said will result in the return to the carmaker of 266 million shares. Judge Kathaleen McCormick, who is overseeing the case and will decide on the fee, called Musk's pay "unfathomable" in her ruling.

Persons: Elon Musk, Tesla, Elon, Musk, Richard Tornetta, nixed, Kathaleen McCormick Organizations: Elon Musk's Locations: Krakow, Poland, Delaware

☆ How Hyundai Motor Group became the world's third-largest automaker
▼ + stars: | 2024-02-29 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

Hyundai Motor Group is the world's third-largest automaker in the world by volume — but it wasn't always so. The three auto brands in the automaker's stable — Hyundai, Kia and Genesis — are nipping at the heels of well-established competitors, and winning an ever-growing list of industry awards. Tesla still dominates the electric vehicle industry, but Hyundai Motor Group is the second best-selling EV manufacturer in the U.S."On the electrification side, Hyundai has done a really great job," said Sam Abuelsamid, principal research analyst at Guidehouse Insights. "I think Hyundai Motor Group isn't a car company," said Jose Munoz, the global president and chief operating officer at Hyundai. Watch the video to learn more about how Hyundai became the third-largest global automaker.

Persons: William Barnett, Tesla, Sam Abuelsamid, They've, Jose Munoz Organizations: Hyundai Motor, Hyundai, Kia, American, Stanford Graduate School of Business, Guidehouse, United Auto Workers Locations: America, U.S, Singapore

☆ Airplane safety has hit a new record. But these ‘critical phase’ challenges are still a problem
▼ + stars: | 2024-02-29 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +3 min

Now in its 60th year, the IATA Annual Safety Report - compiled by the International Air Transport Association - has been tracking the evolution of commercial aviation safety since 1964. But despite this, 2023 had the lowest fatality risk and “all accident” rate on record. North America has maintained a fatality risk of zero since 2020, says IATA. Greg Lovett/The Palm Beach Post/USA Today Network/Sipa USAThe 2023 “all accident” rate was better than the year before in all regions except North America and Asia Pacific. Europe has maintained a fatality risk of zero since 2018.

Persons: hasn’t, ”, Willie Walsh, Greg Lovett, haven’t Organizations: CNN, Alaska Airlines, IATA, International Air Transport Association, Yeti Airlines, Regional, Palm Beach International, USA, Tokyo Haneda, Japan Airlines Locations: Nepal, Florida, North America, Asia, Europe, Africa, North Asia, Tokyo

☆ No one died in a jet plane crash in 2023, the safest year in aviation history — but 2024 is off to a rockier start for airlines
▼ + stars: | 2024-02-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

2023 was the safest year for flying, IATA found. On average, you would have to fly every day for over 100,000 years to experience a fatal incident. AdvertisementLast year was the "best ever" for flying safety, the International Air Transport Association said. It found that on average, a person would have to fly every day for 103,239 years before experiencing a fatal incident. There was only one fatal incident in 2023, a crash involving a domestic flight in Nepal in which 68 passengers and four crew died, according to IATA.

Persons: —, Nobody, Willie Walsh Organizations: Japan Airlines, Boeing, Service, International Air Transport Association, Japan Airlines Airbus, Airport, Coast Guard, Alaska Airlines, Max, Portland International Airport, National Transportation Safety Locations: Nepal, Tokyo

☆ Jon Stewart says the Israel-Gaza solution could be a DMZ governed by an Arab NATO. Some experts say it's a pipe dream.
▼ + stars: | 2024-02-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

The DMZ would be enforced by an alliance of Arab countries, much like the North American Treaty Organization, Stewart said. While tongue-in-cheek, Stewart's solution isn't a new concept, experts on the Middle East told Business Insider. Advertisement"But really, Jon is conflating a Middle East 'NATO' with something else. Ironically, the very concept of the two-state solution could extend his political life, said Lord. "But only as part of a credible political process working toward a two-state solution, but unfortunately, this is something that the Israeli government rejects. "

Persons: Jon Stewart, Stewart, —, That's, let's, Jonathan Lord, Jon, Anna Jacobs, Jacobs, William Wechsler, Wechsler, It's, it's, Luiz Inacio Lula da Silva, Mohamed Chtatou, Chtatou, Israel, Weeks, Benjamin Netanyahu, Spencer Platt, Bibi, Mahmoud Abbas, Seth Wenig, Abbas, Lord Organizations: NATO, Service, American Treaty Organization, Treaty Organization, East, Business, Trump, East Strategic Alliance, Middle East Security, Center, New, New American Security, Getty, United, Rafik Hariri Center and Middle, Atlantic Council, United Nations, League, AFP, Mohammed V University, Palestinian Authority, West Bank, BI Locations: Israel, Gaza, Arab, Palestine, NATO, New American, Washington, DC, East, Iran, Gulf, Qatar, Belgium, Anadolu, United Arab Emirates, Morocco, Bahrain, Saudi Arabia, Jordan, Egypt, Rafik, United States, Cairo, Rabat, Europe, Korea, Palestinian

☆ Top Amazon aggregator Thrasio files for bankruptcy
▼ + stars: | 2024-02-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Thrasio, an early leader in aggregating Amazon sellers, filed for Chapter 11 bankruptcy protection in a New Jersey court Wednesday. Thrasio and other Amazon aggregators raised billions of dollars from investors looking to cash in on the third-party seller rollup craze. Aggregators bought up promising products and storefronts on Amazon, to use their data and operational expertise to turbocharge sales. WATCH: What's behind the big hype and billion-dollar aggregator start-ups buying Amazon seller brands

Persons: Prosper, Thrasio, Greg Greeley, Aggregators, Josh Silberstein, Carlos Cashman Organizations: Amazon, fizzle, CNBC Locations: Las Vegas , Nevada, New Jersey, Greeley

☆ Tiny home sensation Boxabl welcomes investors in as its founders plan to cash out $10 million
▼ + stars: | 2024-02-28 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +5 min

As the company has sought a financial lifeline by inviting more investors in, its cofounders are cashing out. The Tiramanis together previously sold off about $10 million of their shares in a 2022 fundraising round and have awarded themselves annual salaries of close to a million dollars each. "Maybe they're afraid that if they don't sell shares now they will walk away with nothing." A spigot of cash running dryBoxabl is seeking to raise $64 million in the share offering, an additional $10 million for the Tirmanis, and $1 million for other insiders at the company. AdvertisementAmong the insiders in the company seeking to sell shares in the funding round are Darryl and Lucille Maslak, the parents of Shawna Maslak, Galiano's wife.

Persons: —, Paola Tiramani, Galiano, Chad Cohen, Erik Gordon, Cohen, Darryl, Lucille Maslak, Shawna, Gordon Organizations: Service, Business, Scala Advisors, University of Michigan's Ross School of Business, Securities and Exchange Commission, University of Michigan Locations: North Las Vegas , Nevada, Canada

☆ Ex-partner of Trump's Georgia prosecutor once texted that DA Fani Willis 'absolutely' started dating Nathan Wade before he was hired
▼ + stars: | 2024-02-27 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

AdvertisementFulton County DA Fani Willis testifies at a hearing Feb. 15 in Atlanta on her relationship with Special Prosecutor Nathan Wade. And you said, 'absolutely,'" Merchant questioned Bradley, referring to the timing of Willis and Wade's relationship. AdvertisementFulton County Special Prosecutor Nathan Wade testifies during a hearing at the Fulton County Courthouse on February 15, 2024 in Atlanta, Georgia. "Why would you speculate when she was asking you a direct question about when the relationship started?" AdvertisementWillis vehemently defended herself and Wade and pushed back on testimony by her former friend that she and Wade started dating in 2019.

Persons: —, Donald Trump, Terrence Bradley, Nathan Wade, Fani Willis, Willis, Trump, Mike Roman, Wade, Bradley, Ashleigh Merchant —, Merchant, Alyssa Pointer, Steve Sadow, Sadow Organizations: Service, Fulton, Business, Trump, Fulton County DA, Bradley Locations: Georgia, Fulton County, Wade, Atlanta, Fulton, Atlanta , Georgia, Trump, Trump's Georgia

☆ China unveiled new dragon-themed drillers that it hopes will build the world's 'longest undersea high-speed railway tunnel'
▼ + stars: | 2024-02-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

China just showed off its second dragon-themed tunneller, which it said will drill an undersea railway. It's touted by China as the world's longest undersea high-speed railway tunnel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's state-run railway giant on Monday revealed the second of its dragon-themed tunnel-boring machines for what it says is the longest undersea rail channel in the world. The Yongzhou machine, unveiled at China Railway Construction's Changsha facility, was given a "Dragon of Fortune" paint coat to commemorate the Year of the Dragon, per state media The People's Daily.

Persons: — Organizations: Service, China, Business Locations: China, Japan, Changsha

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