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☆ Horse trained by Bob Baffert euthanized ahead of the Preakness
▼ + stars: | 2023-05-20 | by ( David K. Li | Julianne Mcshane | ) www.cnbc.com time to read: +1 min

Bob Baffert, trainer of Kentucky Derby winner Medina Spirit, stands near the track at Churchill Downs in Louisville, Kentucky, April 28, 2021. A horse of Hall of Fame trainer Bob Baffert was euthanized at Pimlico Race Course in Baltimore on the undercard of Saturday's Preakness Stakes. Havnameltdown, a 4-5 favorite in the sixth race, broke down and threw jockey Luis Saez at the top of the stretch. The colt's euthanization comes in the wake of a string of equine deaths leading up to the Kentucky Derby earlier this month at Churchill Downs. Eight horses died in a little more than a week at the famed Louisville course, raising concerns about the sport's treatments of its animals.

☆ Sting, Harry Styles and Raye among honourees at Ivor songwriting awards
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] Sting and his wife Trudie Styler arrive for The Ivors music and songwriting awards ceremony in London, Britain, May 18, 2023. Sting, who has already won seven Ivor Novello awards, becomes the Academy's 23rd Fellow, joining the likes of Elton John, Paul McCartney, Kate Bush and Andrew Lloyd Webber. Music collective Sault's "11" was named best album while best song musically and lyrically went to "King" by Florence + the Machine. Styles's mega hit "As It Was" won the most performed work category while rock band James received the music icon award. Named after the early 20th century Welsh composer, actor and entertainer Ivor Novello, the Ivor Awards were first handed out in 1956.

☆ How luxury giant LVHM built a recession-proof empire
▼ + stars: | 2023-05-18 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

The company recorded revenue of 79.2 billion euros, or about $86.3 billion, last year, an increase of 23% from 2021 revenue. Some experts have long-hailed the company as "recession-proof," able to sustain itself through economic downturns and boasting products that uniquely appreciate over time. Though managed by LVMH, each maison has creative control over its own brand, with its own C-suite executives and mission. LVMH consistently collaborates with celebrities, fashion icons and influencers in order to stay relevant for the younger luxury crowd. Remaining relevant is key to longevity in luxury — and LVMH's strategy in building a brand that not only endures but continues to excel.

☆ How luxury giant LVMH built a recession-proof empire
▼ + stars: | 2023-05-18 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

Luxury giant LVMH Moët Hennessy Louis Vuitton, more commonly known as LVMH , has grown into a $500 billion powerhouse conglomerate of 75 distinguished brands, or "maisons," rooted in six different sectors — with no plans to slow down. The company recorded revenue of 79.2 billion euros, or about $86.3 billion, last year, an increase of 23% from 2021 revenue. Though managed by LVMH, each maison has creative control over its own brand, with its own C-suite executives and mission. LVMH consistently collaborates with celebrities, fashion icons and influencers in order to stay relevant for the younger luxury crowd. Remaining relevant is key to longevity in luxury — and LVMH's strategy in building a brand that not only endures but continues to excel.

☆ Wellness travel is rising among a particularly weary group of travelers — parents
▼ + stars: | 2023-05-10 | by ( Monica Pitrelli | Morgan Awyong | ) www.cnbc.com time to read: +6 min

But a new survey shows parents increasingly want in on a trend that isn't often aimed at families: wellness travel. The data showed an emerging picture of family travel — one in which parents may be starting to prioritize their own needs alongside those of their children. Traveling for physical health is up eight points among parents since last year, said Lindsey Roeschke, travel and hospitality analyst at Morning Consult. Planning a wellness family vacationThough some wellness resorts only allow adults, places like The Farm at San Benito welcome guests of all ages. Planning your own wellness tripRather than a resort stay, parents can plan their own wellness trips based on their interests.

☆ Uber rival Bolt seeks to turn profitable next year, IPO in 2025
▼ + stars: | 2023-05-08 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +3 min

STOCKHOLM, May 8 (Reuters) - Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview. The company, a rival of Uber (UBER.N), was valued at over $8 billion when it raised 628 million euros from investors in January last year. "We expect to be the first European mobility platform that will be fully profitable over the next 12 months," said Villig, who doesn't have a driving license. Bolt, run by 29-year-old Villig, does not plan to raise external capital through another funding round but will get ready for an IPO instead. It also expects its grocery business to break even or turn profitable in two or three years.

☆ Horse racing-Skinner becomes fourth horse scratched from Kentucky Derby
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

May 5 (Reuters) - Skinner, the bay colt trained by John Shirreffs, has become the fourth horse scratched from Saturday's Kentucky Derby, bringing the field for the first leg of U.S. thoroughbred racing's Triple Crown down to 19, Churchill Downs said on Friday. Skinner was a fast-closing third in his most-recent outing, the Santa Anita Derby in early April, and was seen as a serious contender for the Kentucky Derby. The announcement comes a day after Lord Miles, Practical Move and Continuar were also scratched from the field, each for varying reasons. The last time four horses were scratched from the Kentucky Derby was 2015 when 22 horses entered the race. Lord Miles was scratched after Churchill Downs suspended the bay colt's trainer Saffie Joseph Jr. following the death of two of his horses at the property ahead of the Kentucky Derby.

☆ Ukraine's talking loudly about its coming counterpunch but holding key secrets tight because the stakes couldn't be higher. Here's what we know.
▼ + stars: | 2023-05-05 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Insider spoke to military experts about the possible timing, location, and goals of the coming assault. Ahead of this specific offensive, Ukraine was also likely waiting for the ground to dry after a cold and muddy winter. But there's more than just military strategy to consider — politics plays a key role as well, military experts said. Military experts and analysts are betting the bulk of the offensive will be focused in Ukraine's southeast, particularly in the Zaporizhzhia region. The single most important aim for Ukraine's next push is taking back its territory, the military experts said.

☆ Photo shows the moment lighting struck the launchpad as SpaceX's Falcon Heavy rocket was preparing for liftoff
▼ + stars: | 2023-05-03 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +2 min

SpaceX captured the moment a rocket on its launchpad was struck by lightning. The Falcon Heavy launch had been delayed due to adverse weather. The rocket's lighting protection mast deflected the bolt and the rocket survived the blast unscathed. A SpaceX Falcon Heavy launching on a previous mission. SpaceX, which is run by billionaire Elon Musk, attempted to launch an even more powerful rocket, its Starship mega-rocket, on April 20.

If Congress fails to act, some legal experts say Democratic President Joe Biden has another option to avert a crisis: Invoke the 14th Amendment to the U.S. Constitution to ensure the United States can continue to pay its bills. Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have warned that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.

☆ Why GM is killing the Chevy Bolt — America's cheapest EV — amid record sales
▼ + stars: | 2023-04-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTA Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBCDETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors . The Bolt EV would start at $26,595, followed by the Bolt EUV at $28,195. A 2019 Chevrolet Bolt EV caught fire at a home in Cherokee County, Georgia on Sept. 13, 2021, according to the local fire department. Cherokee County Fire DepartmentStill, GM touted the Bolt EV as proof of the concept for its electric-powered future.

☆ Bernard Arnault, the world's richest person, was nicknamed the 'wolf in cashmere' by rivals because of his predatory takeover moves. His company just hit a $500 billion valuation.
▼ + stars: | 2023-04-29 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

Bernard Arnault is head of luxury giant LVMH and the world's richest person worth $206 billion. He earned the nickname the "wolf in cashmere" because of his ruthless moves to acquire rivals. It's enabled him to create the world's largest luxury conglomerate, which was valued at $500 billion this week. "Arnault is a man of great vision," Pierre Mallevays, former head of acquisitions at LVMH, previously told The Guardian. It was during his pursuit of Hermès International that he earned the nickname of the "wolf in cashmere."

☆ Tiffany unveils revamped New York flagship, showcasing new look
▼ + stars: | 2023-04-26 | by ( Mimosa Spencer | ) www.reuters.com time to read: +3 min

Global Brand Ambassador Gal Gadot along with Anthony Ledru, President and Chief Executive officer of Tiffany & Co attend a ribbon cutting ceremony for reopening of the Tiffany flagship store on 5th Avenue in Manhattan in New York City, New York, U.S., April 26, 2023. REUTERS/Brendan McDermidNEW YORK, April 26 (Reuters) - Tiffany & Co. lifted the lid on its newly renovated New York city flagship on Wednesday, the centerpiece of a broad brand reset orchestrated by its owner, the world's biggest luxury group LVMH. Alexandre Arnault spearheaded the label's initial reset with an advertising campaign starring Beyonce -- wearing the famous yellow Tiffany diamond -- and Jay-Z. Now the priority will be on renovating the label's retail network, essential for Tiffany to bridge the gap with Cartier, the world's largest jewelry label, which belongs to Richemont(CFR.S), Ledru said. Tiffany sales came to 5.1 billion euros ($5.63 billion) in 2022 and are forecast to reach 7.4 billion in 2025, according to HSBC.

☆ Take a look inside the largest house in the US — a Vanderbilt's 130-year-old private mansion with 35 bedrooms, 43 bathrooms, and 65 fireplaces
▼ + stars: | 2023-04-26 | by ( Libertina Brandt | ) www.businessinsider.com time to read: +2 min

According to the property's website, the Biltmore House was built in the late 1800s by George Vanderbilt and features 35 bedrooms, 43 bathrooms, and 65 fireplaces. George Vanderbilt, a prominent businessman from the late 19th and early 20th century, began constructing the Biltmore House in 1889. Vanderbilt opened the Biltmore House in 1895. The Biltmore Estate, which now spans a total of 8,000 acres, is covered with gardens designed by American landscape architect Frederick Law Olmsted. The main house, America's largest, includes 35 bedrooms, 43 bathrooms, and 65 fireplaces.

☆ Kenyan cult leader told followers to starve themselves ahead of world's end, sources say
▼ + stars: | 2023-04-26 | by ( Duncan Miriri | ) www.reuters.com time to read: +4 min

The deaths amount to one of the worst cult-related tragedies in recent history and the toll is expected to rise further, with the Kenyan Red Cross saying more than 300 people have been reported as missing. Cult leader Paul Mackenzie has been in police custody since April 14, held alongside 14 other cult members. At the morgue at Malindi hospital, dozens of people were seeking news of relatives they feared were among the dead. The Red Cross has donated a refrigerated container on a truck to help preserve some of the corpses as the morgue is now too full. Two emaciated women were found alive early on Wednesday and were being evacuated to Malindi's hospital, according to Red Cross staff in Malindi.

☆ A 13-year-old boy was groomed publicly on Twitter and kidnapped, despite numerous chances to stop it
▼ + stars: | 2023-04-25 | by ( Ben Goggin | ) www.cnbc.com time to read: +19 min

On the Hunter Fox Twitter account, the adult interacted directly with the boy's account, where he posted selfies of himself on a school bus and in other locations. Their teen son had plenty of friends, his parents said, and liked to play golf and build Legos. Heather McConney's teen son communicated with the man accused of grooming him through an Apple iPhone. The suspect's primary Twitter account appears to have been @HunterFloofyFox. After the worst day of their lives, the McConneys' son was recovered early on the morning of Dec. 28 in Nebraska.

☆ Death toll in Kenyan starvation cult rises to 58 - police
▼ + stars: | 2023-04-24 | by ( Hereward Holland | ) www.reuters.com time to read: +3 min

The death toll, which has repeatedly risen as exhumations have been carried out, could rise further. The Kenyan Red Cross said 112 people have been reported missing to a tracing and counselling desk it has set up at a local hospital. Kenya's Inspector General of Police Japhet Koome, visiting the scene, said the death toll included 50 people found in mass graves as well as eight who were found alive and emaciated, but later died. Koome said 14 other cult members were in police custody. Reporting by Hereward Holland; Writing by Estelle Shirbon; Editing by Alexander WinningOur Standards: The Thomson Reuters Trust Principles.

☆ New reports say business travel isn’t going back to normal — ever
▼ + stars: | 2023-04-24 | by ( Monica Pitrelli | Rob Goss | ) www.cnbc.com time to read: +5 min

The days of high-flying, big-spending business travel may be over for good. As a new report by research company Morning Consult declared: Business travel will never return to normal. Tighter corporate budgets and new ways of virtual working have permanently changed business travel, according to the report, titled "Business, but Not as Usual." A different business travel model is slowly but surely becoming entrenched, crystallizing a "new normal" for the industry, according to the report. Bright spots for business travelBut there are several bright spots for those cheering the robust return of business travel, according to the reports.

Bernard Arnault is the world's richest man, with a net worth of $212 billion. Arnault controls the massive luxury conglomerate LVMH Moët Hennessy Louis Vuitton. All of Arnault's children work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. Along the way, Arnault has brought his five adult children into the fold, building a family-run business that has resulted in the world's largest fortune. Here's how Arnault got his start and became the richest person in the world.

☆ Renault chooses banks for planned listing of electric car unit Ampere - source
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

PARIS, April 20 (Reuters) - French carmaker Renault (RENA.PA) has picked BNP Paribas (BNPP.PA), Goldman Sachs (GS.N) and JPMorgan (JPM.N) among the investment banks slated to work on the planned listing of its electric car business, Ampere, a source close to the matter said on Thursday. The three banks will act as joint global coordinators on the initial public offering (IPO) of Ampere, the source said. Renault aims to list Ampere in Paris this year, depending on market conditions. Renault's management has not yet given a valuation for the unit, saying it was up to the market to do so. Renault declined to comment on the names or roles of the banks picked for the planned listing.

☆ Renault revenues rise 30% in the first quarter on higher sales and prices
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: +1 min

French car maker Renault said on Thursday revenues had grown by 30% in the first quarter thanks to a rebound in sales and higher prices. Revenues came in at 11.5 billion euros ($12.60 billion), compared with an analyst consensus of 11.08 billion euros provided by the company. It said its orderbook in Europe stood at 3.3 months of sales at the end of Q1, and would remain above the target of 2 months through 2023. Overall sales in Europe rose by 27.3% in the first three months of the year, outperforming a 16.2% average increase for the market. Renault ranked as the third EV brand for sales in Europe behind Tesla and Volkswagen last year.

☆ Harry Styles, Kate Bush among nominees for Ivor songwriting awards
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 19 (Reuters) - Singers Harry Styles and Kate Bush are among the nominees at next month's Ivors, the annual awards honouring songwriters and screen composers. Styles has three nominations overall, including best song musically and lyrically for "As It Was" and songwriter of the year alongside his collaborator Kid Harpoon. Tom Odell’s "Best Day of My Life", Katie Gregson-Macleod’s "complex", Sault's "Stronger" and Florence + the Machine’s "King" complete the Best Song Musically and Lyrically category. Box office hit "Avatar: The Way of Water" and psychological drama "Don't Worry Darling" are among the nominees for best original film score. Named after the early 20th century Welsh composer, actor and entertainer Ivor Novello, the Ivor Awards were first handed out in 1956.

☆ Bilt Rewards members can earn up to 8x points (effectively up to 13.2% back) at restaurants with the new Bilt Dining program
▼ + stars: | 2023-04-19 | by ( Joseph Hostetler | Jasmin Baron | Credit Cards Reporter | ) www.businessinsider.com time to read: +17 min

Bilt Dining is the new fastest way to earn Bilt Rewards points. Even transferable points currencies are breaking into the dining scene (programs like Capital One Dining and Chase Dining are relatively new), but no flexible rewards dining program is as easy to use as the latest creation by Bilt Rewards: Bilt Dining. Here's a quick look at what you can expect from Bilt Dining — and why it's a no-brainer for Bilt Rewards members, even if they don't have the Bilt Mastercard®. Apply nowBilt Mastercard® 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars $0 Annual Fee Intro offer N/A Rewards Earn 3X point on dining. Unfortunately, Bilt Dining is exempt from this — but you'll still earn double points on dining (6 points per dollar) when swiping your Bilt Mastercard®.

☆ Workers returning to offices could mean more trouble for Instacart and other grocery delivery services
▼ + stars: | 2023-04-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Ordering groceries online is losing appeal for busy workers returning in-person to offices. About 37% of remote workers and 32% of hybrid workers said they did all of their grocery shopping online, Morning Consult reported. Forty percent of in-person workers said that they did "some" of their grocery shopping online. It asked consumers about their online grocery usage, including both delivery and pick-up orders. At first glance, it might seem that remote workers have more flexibility to make a weekday errand run like grocery shopping, Moquin said.

☆ Renault reviewing prices worldwide after Tesla cuts
▼ + stars: | 2023-04-17 | by ( Gilles Guillaume | ) www.reuters.com time to read: +3 min

SummarySummary Companies Renault brand sales up 9% in first quarterStrong sales of electric Megane - brand CEOTesla price cuts step up competitionPARIS, April 17 (Reuters) - French carmaker Renault (RENA.PA) is reviewing its pricing policies of electric cars worldwide to ensure it stays competitive after a wave of price cuts by U.S. rival Tesla Inc (TSLA.O), a top executive said on Monday. Cambolive said the rebound had extended into April, adding however that Tesla's price cuts were a wake-up call for competitors. After last week's price cut by Tesla, the Tesla Model 3 in France starts at 41,990 euros, compared with 42,000 euros for the Megane electric. Worldwide sales for the Renault brand reached 354,545 vehicles in the first three months of the year. Sales for the Renault brand, which represents two-thirds of the group's total, fell by 9.4% last year, their fourth consecutive annual decline.

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