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View at Amazon What we like Check mark icon A check mark. Poor edge supportSiena Memory Foam Mattress (Queen) $399.00 The softer-than-average firmness of the Siena Memory Foam Mattress makes it the ideal choice for side sleepers, especially those who overheat. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. May be too firm for someThe best Prime Day memory foam mattress dealsWe're seeing several outstanding deals on memory foam mattresses, including more than 40% off the Nectar Memory Foam Mattress, one of the best foam mattresses.

Persons: dissipaite, Casper, Serta, It's Organizations: Business, Amazon's, Clarks, Helix, Luxe, Amazon Prime, & $, & $ Locations: Casper, Siena

☆ Why Goldman Sachs thinks the merger machine is revving up
▼ + stars: | 2024-07-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

"We are seeing a material increase in client demand for committed acquisition financing, which we expect to continue on the back of increasing M&A activity," he said. "We're seeing it in our dialogue with sponsors," Solomon said. On the strategic side, Goldman advised on the roughly $60 billion sale of the oil and gas company Pioneer to Exxon. Solomon said Goldman also expects to benefit from the uptick in demand through its lending capabilities. "When there are more M&A transactions, whether it was financial sponsors or big corporates, there is more financing attached to that," he said.

Persons: —, Goldman Sachs, David Solomon, Goldman, Solomon, Jamie Dimon, JPMorgan Chase, didn't, Dimon, Donald Trump, I'm, Permira Organizations: Service, Business, Investment, JPMorgan, Federal, Exxon Locations: Silicon Valley

☆ Dr. Ruth, renowned sex therapist and Holocaust survivor, dead at 96
▼ + stars: | 2024-07-13 | by ( Julia Naftulin | ) www.businessinsider.com time to read: +7 min

Read previewDr. Ruth Westheimer, a renowned sex therapist, media personality, and Holocaust survivor known for leading entertaining and culture-shifting conversations about sexual health and pleasure, has died at 96, multiple outlets reported. Westheimer, known to her fans as "Dr. Ruth," extolled the benefits of sex even during the final years of her life. Julius Siegel, pictured above, was the father of Dr. Ruth Westheimer, who was born in Germany as Karola Ruth Siegel. Courtesy of Dr. Ruth Westheimer"I don't think of myself as a survivor. Sex therapist Dr. Ruth Westheimer pictured attending the World AIDS Day Benefit Gala November 30, 1990 in New York City.

Persons: —, Ruth Westheimer, Westheimer, Pierre Lehu, Dr, Ruth, Karola Ruth Siegel, Westheimer's, Julius Siegel, Manfred, Fred, Joel, Miriam, David Letterman, Arnaldo Magnani, Jamie McCarthy, NPR's Scott Simon, Hitler Organizations: Service, Associated Press, New York City, Business, People, Sorbonne University, University of Paris, The New School, Columbia University, Presbyterian Hospital, NPR Locations: New, Germany, Frankfurt, Switzerland, British, Palestine, Paris, Israeli, Manhattan, New York, York City, New York City

☆ These are America's best states for quality of life in 2024
▼ + stars: | 2024-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

A married couple with a median income can expect to pay nearly 15% of it on child care, according to Child Care Aware of America. 2024 Quality of Life Score: 211 out of 325 points (Top States Grade: B) Strengths: Worker Protections, Inclusiveness, Reproductive Rights Weaknesses: Child Care, Air Quality9. 2024 Quality of Life Score: 213 out of 325 points (Top States Grade: B) Strengths: Worker Protections, Inclusiveness, Voting Rights, Reproductive Rights Weaknesses: Crime, Air Quality, Child Care, Health Care7. 2024 Quality of Life Score: 222 out of 325 points (Top States Grade: B+) Strengths: Health, Air Quality, Crime Weakness: Child Care6. 2024 Quality of Life Score: 265 out of 325 points (Top States Grade: A) Strengths: Crime, Child Care, Health Care, Inclusiveness Weakness: Air Quality1.

Persons: York Alexander Spatari, Brent Doscher, Colin Keaveney, —, Michael Pomante, United Democracy Institute . Long, Jay Inslee, Maine Daniel Grill, Mount Mansfield, Corey Hendrickson Organizations: Companies, Business, Oxfam America, FBI, America ., Care, Getty, United Health Foundation, Center, Election Innovation, Research, Health, Massachusetts People, Financial, First Street Foundation, Connecticut, Washington State, of Columbia, Arizona —, Oregon, Guttmacher Institute . Oregon, United Democracy Institute ., Center for Public, Oregon —, Washington, Evergreen, Democratic Gov, iStock, Mayo Clinic, North Star State, Reproductive, National Conference of State Legislatures, Vermont Locations: States, York, America, America . New York, New Hampshire Cavan, Cavan, Granite State, —, New Hampshire, Research , New Hampshire, Boston Harbor, Boston , Massachusetts, Bay, Massachusetts, New England, Connecticut, England, California, Golden State, Arizona, Hawaii Honolulu, Hawaii, Idaho, Bend , Oregon, Oregon, Beaver, Washington, Mt, Rainier, Park, Columbia's, Minnesota, New Jersey, Jersey, Maine, Northeast, Mount

☆ Upcoming earnings will determine whether the stock market rotation is here to stay or a one-day wonder
▼ + stars: | 2024-07-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Certainly lower interest rates are a huge help, particularly for small-cap companies that are generally more sensitive to interest rate changes. There must be a belief that earnings will broaden out beyond a small group of megacap tech stocks. The root source of the long tech rally is the superior earnings growth of technology. Two questions follow: with the massive rise in tech prices, is most or all of that earnings growth now priced in, and what are the prospects for earnings growth in other sectors? The problem is identifying where this additional earnings growth is coming from, and how robust it might be.

Persons: it's, Supriya Menon, America's Savita Subramanian, Bryan Spillane, Subramanian Organizations: New York Stock Exchange, Federal Reserve, Nvidia, Wellington Management, Bloomberg, Bank, America's Locations: cyclicals

☆ Investment banking is finally gaining steam. Here's why JPMorgan's Jeremy Barnum says it might not last.
▼ + stars: | 2024-07-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Barnum also said the bank's debt capital markets jump was due more to refinancing than fundraising for deals and raised concerns about the future of IPOs. 'Down round' fears haunt the IPO marketOn public issuances, which are handled by the bank's equity capital markets business, Barnum said he would have expected stronger numbers in more normal times. "The regulatory overhang is there, remains there," on the advisory side of the business, Barnum said. Barnum suggested that the flow of capital into credit could be slowing because there isn't enough dealmaking to justify continued fundraising.

Persons: —, JPMorgan Chase, Wells, Jeremy Barnum, Barnum, it's, Jamie Dimon, Dimon, Tom Williams, Biden, It's, You've Organizations: Service, JPMorgan, Business, Federal Reserve, Inc, Getty, Dow Jones Industrial Locations: Wall, Wells Fargo, Israel, Gaza, East, Russia, Ukraine, Central Europe

☆ JPMorgan reports before the bell Friday. What Wall Street is watching
▼ + stars: | 2024-07-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Along with the top- and bottom-line numbers, Wall Street is also keeping close watch on net interest income and guidance. "We see the greatest sources of potential earnings upside being driven by higher loan growth and capital markets." Barclays analyst Goldberg anticipates a slight decrease in net interest income in the second quarter due to a compression in net interest margin. Last year, the company posted $21.9 billion in net interest income for the period. Despite expectations for seasonally lower trading, he also expects strong investment banking activity and net interest income to drive ongoing positive momentum.

Persons: Jason Goldberg, Jamie Dimon, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Goldberg, Wells, Mike Mayo, Redburn, John Heagerty Organizations: JPMorgan Chase, LSEG, Barclays, JPMorgan, Bank, America's Locations: United States

☆ 10 states with America's worst infrastructure, and most to gain from billions in federal dollars
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +16 min

To evaluate each state's infrastructure, our Top States study considers not just roads, bridges, ports and airports. The state broadband office notes that it is the nation's ninth-largest allocation per capita. The state's power grid is among America's least reliable, according to U.S. Department of Energy data. The severe weather means power outages are frequent as well. Since then, the power outages have persisted, making Maine's grid among the worst in the nation.

Persons: Pete Buttigieg, Seth Martindale, Rusty, Dan Koeck, Doug Burgum, Biden, Mark Miller, Suzanne Kreiter, Jim Justice, Senators Joe Manchin, Shelley Moore Capito, Mississippi Brenda Gavin, Elnora Ross, Michael Democker, Robert Gauthier, We're, Lauren Owens Lambert, Logan —, stoplights, Brianna Soukup, Lance King Organizations: Companies, Business, CNBC, Infrastructure Law, Arkansas Turrell, Arkansas Broadband Office, Law, Arkansas Economic Development Corporation, North Dakota, Washington Post, Peace Garden State, U.S . Department of Energy, Power Company, Dakota Utilities, Montana Bison, Getty, Industrial, Rte, Boston Globe, Census, U.S . Department of Transportation, West Virginia, Gov, U.S, Senators, West Virginia Coal Association, Justice, Manchin, Virginia Economic, First Street Foundation, Hawaii, Los Angeles Times, Afp, Boston Regional Airport, Spirit Airlines, Orlando, Logan, JetBlue, White Mountain Cable, Portland Press, Portland Press Herald, Central Maine Power, Power, Energy Department, Maine Locations: States, Arkansas, Arkansas Turrell Arkansas, Turrell Arkansas, Underwood, Peace, North Dakota, Minnesota, Dakota, Buffalo, Yellowstone, Montana, Massachusetts, Canton, Bay State, Boston, Kanawha, Poca, West Virginia, Winfield, Putnam County, Mountain State, Virginia, Mississippi, Louin , Mississippi, Gulf, BroadbandNow, Lahaina , Hawaii, Maui, Lahaina, Western Maui, Hampshire, Hampton , New Hampshire, Manchester, New Hampshire, New England, Maine, Epsom , New Hampshire, Brighton, Woodford Street, Portland, Alaska, Dalton, Coldfoot , Alaska

☆ America's 10 best states for infrastructure, where you can rely on roads, bridges, airports, power, and internet
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +14 min

To rate each state's infrastructure, we look at roads, bridges, ports and airports. New in 2024, we evaluate so-called site readiness programs set up in many states to link companies with shovel-ready sites. The Economic Development Partnership of Alabama offers one of the more robust site readiness programs in the nation. Roads, bridges, and broadband are also in excellent shape in Tennessee. A respectable 24% of the state's power comes from renewable energy, putting it in the top half of states.

Persons: Pete Buttigieg, Buttigieg, Gary Hershorn, Brad Lander, Kathy Hochul, Luke Sharrett, Liam Kennedy, Chicago —, Carl Sandburg, Minnesotans, Tim Walz, Nathan Howard, — Virginia, Caitlin O'Hara, Elijah Nouvelage Organizations: Infrastructure Law, CNBC, Law, Business, Empire, Hudson, Corbis, Census, Gov, Indiana, CSX Corp, Bloomberg, Getty, Crossroads of America, U.S . Surface Transportation, Hoosier State, of Energy, Street Foundation, Economic Development, Alabama, Tennessee Downtown, Istock, Volunteer State, Energy Department, Illinois Metra, Chicago, Railroads, Census Bureau, Surface Transportation, Traffic, Midway, Chicago Department of Aviation, Lincoln, Minnesota, Jimkruger, Minnesota's Department of Economic, The Utah Department of Transportation, Beehive State, Planners, Virginia, Amazon.com Inc, —, Washington Post, Georgia Passengers, Hartsfield, Jackson Atlanta International Airport Locations: States, York, Manhattan, New York City, New York, Ohio, Clarksville , Indiana, U.S, Indiana, Alabama, Trinity , Alabama, Yellowhammer State, Tennessee Downtown Nashville , Tennessee, Tennessee, Illinois, Chicago, Rudybalasko, Texas, Minneapolis , Minnesota, Mississippi, Minneapolis, Utah, Salt Lake City, Beehive, Farmington, Ashburn , Virginia, Northern Virginia, Arizona, Phoenix , Arizona, Atlanta , Georgia

☆ Forrester’s Davis Truog is bullish about the future of chatbots
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailForrester’s Davis Truog is bullish about the future of chatbotsForrester's Davis Truog and Bank of America's Nikki Katz join 'Power Lunch' to discuss the chatbot boom and its impact on U.S. consumers.

Persons: Forrester’s Davis, chatbots Forrester's Davis, America's Nikki Katz Organizations: Bank

☆ Gen Zs are better at 'loud budgeting,' but nearly half still need financial support from family: study
▼ + stars: | 2024-07-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGen Zs are struggling financially, and nearly half of them rely on their parents for support, a new study found. Bank of America released a report Wednesday outlining Gen Z's financial health, and things aren't looking too great for these 18- to 27-year-olds. AdvertisementThe research found that 38% of Gen Zs are OK admitting to their friends that they can't go to certain social events because they can't afford them. "It is critical that we continue to empower Gen Z to work toward achieving financial health and meeting their long-term goals."

Persons: —, it's, Zs, It's, Rachel, Phoebe, Joey, shamefully, Chandler, Ross, Monica, Holly O'Neill, BofA's, Gen Organizations: Service, Bank of America, Business, Bank of America's, Bank, Retail Banking Locations: Ibiza

☆ Wall Street analysts love this recent IPO that's an AI play in the health-care sector
▼ + stars: | 2024-07-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Wall Street analysts are bullish on recently launched health-care technology stock Tempus AI . By combining a patient's molecular, clinical, and imaging data with its AI platform, Tempus delivers personalized therapy decisions," he wrote. Tempus AI debuted at the Nasdaq on June 14, closing at $40 after pricing its initial public offering at $37. Last month, investment management firm SoftBank announced it had invested about $200 million in Tempus AI before its Nasdaq listing. Since its debut, Tempus AI stock has slipped 10% from its IPO price.

Persons: Michael Ryskin, SoftBank, America's Ryskin, Ryskin, JPMorgan's Rachel Vatnsdal, William Blair, Morgan Stanley, Tejas Savant, TD Cowen, Dan Brennan Organizations: Bank of America, Tempus, Nasdaq, America's, Precision Oncology, Loop Capital Locations: Stifel, Needham

☆ Trump's increasing election odds after debate already affecting financial markets
▼ + stars: | 2024-07-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Financial markets are slowly starting to absorb the possibility that what was once a toss-up presidential election campaign has taken a notable turn. That has put investors in a quandary of how to handicap what a Trump presidency would look like from an economic and market standpoint. .SPX mountain 2024-06-28 S & P 500 performance since the debate However, the bond market has had a bit more of a reaction. The first Trump presidency and some of his campaign rhetoric nevertheless has led to guesswork about what could be ahead. "This particularly favors financials and there will be an expectation of more M & A approval in a Trump presidency.

Persons: Joe Biden, Donald Trump, specter, Biden, Trump, Mark Malek, Siebert AdvisorNXT, Handicapping, Michael Hartnett, Hartnett, Ed Mills, Raymond James, Kamala Harris, Harris, Chris Krueger, TD Cowen, Krueger, ABC's George Stephanopoulos, —, Sarah Min Organizations: Republican, Trump, Treasury, Bank of, White, Reading, New York Times, Biden, Democrat Locations: Washington

☆ These stocks, including Nvidia, have more room to run in July, Bank of America says
▼ + stars: | 2024-07-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Bank of America said this week that a slate of stocks is poised for upside as the summer heats up. CNBC Pro combed through Bank of America's research to find buy-rated stocks that are too attractive to ignore. Carnival Carnival is coming off better-than-expected earnings in late June. Bank of America analyst Andrew Didora said in a recent note that this bodes well for the stock in the months ahead. Palantir "We're still in the early innings of AI adoption and expect Palantir (PLTR) to continue to see significant upside from this trend.

Persons: Andrew Didora, Didora, Jason Kupferberg, Kupferberg, Mariana Perez Mora, Palantir, Mora, We're Organizations: of America, Nvidia, CNBC, Bank of, Palantir Technologies, Bank of America, CCL, Palantir, U.S . Department of Defense, Blackwell, …

☆ Bank of America's global 'Best of Breed' portfolio is trouncing the market. Here's what's in it
▼ + stars: | 2024-07-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Investors looking for outperformance in the third quarter may want to check Bank of America's global "Best of Breed" portfolio. Its third-quarter Best of Breed list is heavily exposed to tech, with the sector netting a 64% portfolio weighting. Here are some of the stocks in the portfolio: Nvidia made the list after a monstrous run this year, surging about 159%. The firm reiterated its overweight rating and raised its price target to $144 from $116 in a Monday note. The firm sees revenue growth accelerating in the second half of this year and operating income growth inflecting in 2025.

Persons: Morgan Stanley, Shopify, BofA, Tyler Radke, NetEase Organizations: America's, Nvidia, Apple, Microsoft, Citi, U.S, Palantir Technologies Locations: U.S, China

☆ Young, wealthy investors turn to alternatives instead of traditional stock and bond investments
▼ + stars: | 2024-07-05 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Young, wealthy investors don't want their parents' investments. Nearly one-third of young, wealthy investors' portfolios are in alternative assets like hedge funds, private equity, and crypto and digital assets, according to Mike Pelzar, head of investments at Bank of America Private Bank. Meanwhile, less than half of their portfolios are in traditional stocks and bonds. "The two different cohorts think very differently about what the greatest opportunities are for growth with their investments," Pelzar said. Younger investors' appetite for alternatives isn't expected to let up, with 93% indicating they plan to use more of those investments in the next few years, Bank of America's research found.

Persons: Young, Mike Pelzar, Pelzar Organizations: Bank of America, Bank of America Private Bank, Bank of

☆ Where did all the lifeguards go?
▼ + stars: | 2024-07-03 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +11 min

My girlfriends, a year or two older, were most interested in catching the eye of the male lifeguards. The swim disparities also influenced the scope of a lifeguard's job. While the lack of qualified lifeguards may partly stem from this problem, getting more lifeguards on stands could turn things around. As we enter our fourth year without enough lifeguards, it's hard to imagine them retaking the podium as the cultural idol of American summer. When more cities prioritize safe water access for the masses — and pay lifeguards accordingly — the mighty lifeguard just may rise again.

Persons: Marco Polo, I'd, fawning, Wyatt Werneth, Werneth, —, Jessi Adler, Adler, hasn't, lifeguarding, Jason Russell, it's, Russell, Jeff Wiltse, Wiltse, KENA BETANCUR, Suburbanites Organizations: American Lifeguard Association, Getty, Lyndon, Johnson, SUNY Empire State, World, Association, American, of Public Health, New, Civil Rights Movement, Employers Locations: Milwaukee, America, Southern California, Michigan, Central Texas, Canada, New York City, Chicago, Denver, Baltimore, San Antonio

☆ Here are Bank of America’s top long picks, and one short, for the third quarter
▼ + stars: | 2024-07-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

With the second half kicking off, Bank of America is noting its top long picks along with one short for the third quarter. The Dow Jones Industrial Average underperformed, however, moving 3.8% higher due to a pullback in the second quarter. The bank sees second quarter revenue coming in above Spotify's previous guidance, and other yardsticks such as premium subscribers at least matching company forecasts. Conversely, Bank of America named CarMax , another auto retailer, its short idea for the quarter. The firm's $50 price target implies nearly 30% downside from Monday's close.

Persons: BofA, Jessica Reif Ehrlich, Reif Ehrlich, Goldman Sachs, John Murphy, KMX Organizations: Bank of America, Nvidia, Nasdaq, Dow Jones, Bank of, Spotify, Seaport Research Partners, AutoNation, Union Pacific

☆ 10 things to watch in the stock market Wednesday after the S&P 500's record close
▼ + stars: | 2024-07-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Loops Capital raised its price target for off-price retailer TJX to $125 from $115. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating. Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating.

Persons: Tuesday's, depletions, Jefferies, Eli Lilly, Lululemon, Baird, BTIG, Dell, Amphenol, Jim Cramer's, Jim Cramer, Jim, John Thys Organizations: Constellation Brands, Pepsico, Cowen, Nike, MGM Resorts, Bank of America's, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: Zeebrugge, Belgium

Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. In 2020, before Biden took office, the SEC accused Ripple and its founders of violating securities laws by acting as unregistered brokers of digital currency tokens, which the SEC regulates as securities. In 2023, the SEC filed a similar complaint against Coinbase, the largest U.S. crypto exchange platform. Trump has seized on this frustration in recent months, recasting himself from a crypto skeptic into a crypto supporter. Some in the crypto industry who are siding with Trump are going farther than just complaining about Gensler.

Persons: Donald Trump, David Sacks, Trump, Stuart Alderoty, Gary Gensler, Alderoty, Paul Grewal, Biden, Coinbase, Christopher Giancarlo, Heath Tarbert Organizations: U.S, Republican, CNBC, Securities and Exchange Commission, SEC, Trump, —, Futures, Commission Locations: Racine , Wisconsin, U.S, San Francisco, Washington

☆ Baby boomers living on $1,000 a month in Social Security share their retirement experience: 'I never imagined being in this position.'
▼ + stars: | 2024-07-01 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

Additionally, he's 57 and his Social Security check won't kick in until he's at least 62. Related storiesDacus and Stephen live in Robinson, Illinois, on their combined monthly Social Security income of $2,140. Sometimes, she has to request an advance on their Social Security checks so they can pay for their meals or utilities. AdvertisementBabin said it's especially difficult for older adults to qualify for government assistance even if their Social Security income doesn't cover basic necessities. AdvertisementIn retirement, Hambrick thought she would be "traveling to new places and having fun with my husband."

Persons: —, Hambrick, Social Security Mary Dacus, Stephen, Dacus, we'll, Angela Babin, Babin, Hurricane Ida, doesn't Organizations: Service, Social Security, Business, Northwestern Mutual, Income, Alliance for Lifetime, Survey, Security, Social, Medicare, SNAP, Boomers Locations: Tulsa , Oklahoma, America, Robinson , Illinois, Houma , Louisiana, New Orleans, Florida

☆ Rich collectors want to give art to their kids, but they don't want it. Here's what they can do instead, and they can save millions on taxes, too.
▼ + stars: | 2024-06-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

Read previewNearly 80% of wealthy art collectors want their masterpieces to stay in the family, according to a Bank of America survey. For instance, the survey found that collectors between 21 and 43 have a greater appreciation for sculptures and antiquities than older art aficionados. Rich art collectors are reluctant to address the issue, according to Rosemary Ringwald, head of art planning at Bank of America's private bank. Collectors are increasingly picking art executors or art trustees to oversee their possessions after they die, she said. The ideal executor does not have a financial interest in the art and isn't a prospective owner of it.

Persons: —, Rich, Rosemary Ringwald, Ringwald Organizations: Service, Bank of America, Business, Bank of, IRS, Bank Locations: Aspen

☆ Why ESPN's sports-betting app is falling behind — and how it could make a comeback
▼ + stars: | 2024-06-28 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +7 min

The future of ESPN's sports-betting app is now in question amid mounting losses and an activist investor push at partner Penn Entertainment that has prompted sale rumors. The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. "Testers liked ESPN Bet's UX and minty aesthetic but felt the app lacked depth (particularly more extensive features)," EKG wrote in May. "Product is one thing, and I would say having expertise in how to target users effectively to lower your acquisition costs and your retention costs" is key for the ESPN Bet app to compete, Wasiolek said.

Persons: —, FanDuel, Dan Wasiolek, Will Wyatt, Penn's, Jay Snowden's, Boyd, Penn, ESPN Bet's, hasn't, it's, Barry Jonas, Scott Van Pelt, Stephen A . Smith, ESPN Bet, Penn doesn't, Jonas, EKG, Snowden, Wasiolek, they'll Organizations: Service, ESPN, Penn Entertainment, Business, ESPN Bet, Morningstar, Donerail Group, Barstool Sports, Penn, Reuters, Boyd Gaming, Truist Securities, Barstool, ESPN Bet's, NFL, Management Locations: Barstool, Penn, Pennsylvania, Eilers

☆ Why ESPN's rival to FanDuel and DraftKings is flailing — and how it could make a comeback
▼ + stars: | 2024-06-28 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +7 min

The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. Even Fanatics, the industry's other major recent disrupter, hasn't made much of a dent in DraftKings' and FanDuel's dominance. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. How ESPN Bet can make a comebackPenn could still be successful if it improves its product and spends less money on acquiring new customers, the analysts said. Jonas said if Boyd acquires Penn, it would be a sizable shift in strategy for their management, team, and board.

☆ Rural retailer Tractor Supply eliminates DEI roles, Pride support and carbon emissions goals
▼ + stars: | 2024-06-28 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Shoppers are seen at the parking lot of a Tractor Supply Co. store near Bloomsburg. Tractor Supply is also retiring initiatives aimed at reducing environmental impact and improving employee diversity. Tractor Supply said it's making the changes to better represent the values of the communities and customers it serves. "Rural communities are the backbone of our nation and what make America great," Tractor Supply said in the news release. CNBC contacted Tractor Supply for more details about the changes, and the company declined to comment beyond the release.

Organizations: Tractor Supply Co, Bloomsburg . Tractor, Human Rights, Pride, Human, Pride Month, Tractor Supply, ", FFA, CNBC, Supreme, Starbucks, Disney, Target, Pfizer, Associated Press Locations: Bloomsburg, America

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