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☆ CEO's college side hustle now brings in $200 million a year: His No. 1 piece of advice for dorm-room businesses
▼ + stars: | 2024-04-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

"One, get a mentor ... Find somebody who's done this before you, or done something similar," says Berkowitz. Here's why he recommends both, and his advice on picking your dorm room business idea. A trusted mentor can help for a simpler reason, too: "You don't know what you don't know," says Berkowitz. But most college students don't fully appreciate "how much time you have" to experiment with a variety of ideas and ventures, says Berkowitz. How to pick your dorm room business

Persons: — Seth Berkowitz, Berkowitz, he'd Organizations: University of Pennsylvania, CNBC Locations: New York, Philadelphia, Syracuse

But a new report from Consumer Reports said it recently compared the nutritional profiles of two Lunchables kits served in schools and found they have even higher levels of sodium than the Lunchables kits consumers can buy in stores. The non-profit consumer group said it has petitioned the US Department of Agriculture, which oversees the federally assisted school meal program, to remove Lunchables food kits from school cafeterias, as a result. The introduction of Lunchables in schools came amid proposed changes to school food guidelines by the USDA, which oversees the federally assisted school meal program. The proposed changes aimed to reduce added sugars and sodium levels in school-provided lunches. Food additives are considered “generally recognized as safe” (GRAS) by the US Food and Drug Administration, but not everyone agrees.

Persons: Lunchables, Armour LunchMakers, Oscar Mayer, can’t, “, Brian Ronholm, Kraft Heinz, ” Kraft Heinz, Carlos Monteiro, Monteiro, ” Monteiro, Heinz “ Organizations: New, New York CNN, Consumer, Natural Meat, World Health Organization, US Centers for Disease Control, US Department of Agriculture, CNN, USDA, University of Sao, NOVA, US Food and Drug Administration, Center for Science, Environmental, Kraft Locations: New York, University of Sao Paulo, Brazil

☆ 'Big leap of faith': This couple quit corporate life and turned an arty side hustle into a business
▼ + stars: | 2024-04-08 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +1 min

They hoped to turn their side hustle into a full-time e-commerce art business. They set up their company, Abstract House, in 2016, and made around £125,000 in revenue in their first year. Eight years after the launch, they expect the company to make around £2 million ($2.52 million) this year. Including the couple, the business has 10 staff. And in 2020, they moved to a showroom, office and production space in west London where they could produce the artworks, store stock and pack orders for delivery.

Persons: Omar Obaid, Summer, Omar, Omar — Organizations: CNBC, The New York Times Locations: London

☆ UAW reaches milestone in filing for a union vote at second nonunion auto plant
▼ + stars: | 2024-04-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

But while that VW plant has had two votes before this, the Mercedes plant has never reached the threshold of union support that resulted in an election being held. An election at the Mercedes plant has yet to be confirmed by the National Labor Relations Board, which oversees such votes, let alone scheduled. While the UAW has filed for a vote at Mercedes’ Alabama plant, it has yet to file for a vote at its plant in Charleston, South Carolina. A high-profile union organizing vote at an Amazon warehouse in nearby Bessemer, Alabama was defeated in a close vote in 2021. And management of the non-union automakers is likely to fight union organizing efforts.

Persons: Mercedes, ” Organizations: New, New York CNN, United Auto Workers, UAW, Volkswagen, VW, National Labor Relations Board, Benz, International, General Motors, Ford, Mercedes, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, GM Locations: New York, Alabama, Chattanooga , Tennessee, VW Chattanooga, Vance , Alabama, Tuscaloosa, Mexico, Edmunds, Tennessee, Mercedes ’ Alabama, Charleston , South Carolina, Bessemer , Alabama

☆ How Some Red State Prosecutors Pursue Injustice - The New York Times
▼ + stars: | 2024-04-04 | by ( Gregory Nolan | ) www.nytimes.com time to read: +1 min

When a Texas appeals court reversed itself last week and acquitted Crystal Mason, a mother of three, in a voting fraud case, it ended almost a decade in which Ms. Mason lived in fear of being torn away from her family and imprisoned. In 2018, she was sentenced to a five-year prison term for illegally casting a provisional ballot in the 2016 election. While the prosecution of Ms. Mason may have failed, it still could have broader consequences in chilling people’s willingness to exercise their right to vote. Few would want to vote if it means going through what Ms. Mason did. As such, the reversal in her case cannot undo much of the damage that irresponsible Texas prosecutors wrought.

Persons: Crystal Mason, Mason, Mason’s Locations: Texas

The Apple Card Savings account still pays a higher APY than the average savings account. Apple has dropped the interest rate on its Apple Card Savings account for the first time in 2024. The Apple Card Savings account is available for Apple Card users in the U.S. You can set it up and manage it through the Apple Card in the Wallet app on iPhones. How the Apple Card Savings account worksThe Apple Card Savings account doesn't require a minimum opening deposit. While the interest rate on the Apple Card Savings Account has dropped for the first time in 2024, it still pays a significantly higher rate than a traditional savings account.

Persons: Apple, —, Cash, Jennifer Bailey, Daily Cash, Goldman Sachs Organizations: Apple, Savings, Service, Apple Card Savings, Apple Card, Daily, FDIC, Federal Deposit Insurance Corporation Locations: U.S

☆ Meet the billionaire 'king of subprime car loans' whose company underwrote Trump's $175 million civil fraud bond
▼ + stars: | 2024-04-02 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Billionaire Don Hankey's company underwrote a $175 million appeal bond for Donald Trump. The 80-year-old oversees Hankey Group, which employs over 3,400 people and whose assets are worth around $22.5 billion, per Forbes. Axos Bank CEO Greg Garrabrants has previously donated around $50,000 to Republican campaigns since 2012, with $9,600 in support of Trump, according to Federal elections records. Related storiesHankey's net worth is estimated at $7.4 billion, according to Forbes — and it's nearly doubled within the last three years. The mansion ended up auctioning for less than half of its expected $500 million worth.

Persons: Don Hankey's, Donald Trump, Hankey, —, Don Hankey swooped, It's, that's, Trump, refinanced, Greg Garrabrants, Forbes —, Ford, Westlake, Niami, David Sucsy, Niami's, Allen J, Schaben, Getty Hankey, Debbie Hankey Organizations: Bel, Service, Hankey Group, Forbes, Hankey's, Specialty Insurance, Bloomberg, Axos Bank, Axos, Trump, Westlake Financial Services, Hankey Investment, Bel Air, Los Angeles Business Journal, University of Southern Locations: Southern California, Bel Air Los, Bel, University of Southern California, Malibu

☆ Dazzling selection of the world’s biggest, finest and most unusual gems unite in a single exhibition
▼ + stars: | 2024-03-30 | by ( Julia Carmel | ) edition.cnn.com time to read: +8 min

“It’s really personal.”It’s easy to understand why: As the curator of mineral sciences for the Natural History Museum of Los Angeles, Celestian oversees the Gem & Mineral Hall. The 125-carat "Jonker I" diamond, one of the most storied gems of its kind in history. “The story goes: It was raining one day… and then because all the rain just washed away the sediment, they found a 726-carat rough diamond,” Celestian said. Courtesy the Natural History Museums of Los Angeles CountyA view inside the Hixon Gem Vault, featuring highlights from the "100 Carats" exhibition. Though nothing else is quite as rare, the other gems in this exhibition are unique, vividly colored, and mostly unseen.

Persons: CNN — Aaron Celestian isn’t, ”, they’re, It’s, Celestian, Robert Procop, Sir Ernest Oppenheimer, Harry Winston, Winston, Lazare Kaplan —, King Farouk of, ” Celestian, Shirley Temple, hasn’t, Procop, Angelina Jolie, “, ” Procop, Lori Bettison, Varga, — Organizations: CNN, of Los, Gem, Mineral, American Museum of, “ Locations: of Los Angeles, Los Angeles, South Africa, New York City, King Farouk of Egypt, Egypt, ”, Los Angeles County, New York, Tanzania, Myanmar, Colombia

☆ Insiders break down Amazon's sports strategy and the low-key but powerful exec behind it, as the tech giant eyes NBA rights
▼ + stars: | 2024-03-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

One of them is Jay Marine, who oversees Amazon's sports business as VP of Prime Video and global head of sports. Chris Graythen/Getty ImagesMarine's next move could be for the NBA, which Amazon craves for its young, global fan base. Advertisement"For us, everything starts with Prime," Marine told CNBC in a rare interview last fall. AdvertisementApart from its big bet on "TNF," Amazon's sports moves have been largely incremental. The deal lets Diamond continue airing local NBA broadcasts, which makes it more likely Amazon will bid for national NBA rights, analyst Ben Thompson of Stratechery wrote.

Persons: —, Jeff Bezos, Jay Marine, Bezos, Andy Jassy, Chris Webber, Tyrone Wheatley, scrappy, Chris Graythen, Ben Thompson, Stratechery, Marine, Patrick Crakes, it's, Marie Donoghue, Mike Hopkins, Amazon's, John Kosner, Donoghue, Kantar, signups, He's Organizations: Service, Marine, Business, US, Premier League soccer, Industry, The, Sports, WBD, NASCAR, NBC, NBA, Amazon, Disney, Warner Bros, Discovery, Apple, Netflix, CNBC, Amazon MGM Studios, Premier Boxing Champions, Diamond Sports, Diamond, Premier League, WNBA, National Women's Soccer League . Media, ESPN, DraftKings, Warner Bros . Locations: London, The New Jersey, Amazon

☆ Voting rule changes: Republicans push ballot measures in key battleground states
▼ + stars: | 2024-03-29 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

CNN —Republican lawmakers and activists in several presidential battlegrounds are pushing ballot measures to change how elections are run in their states. And in Arizona, a so-called ballot referral moving through the Republican-controlled Legislature would upend the state’s widely used, no-excuse vote-by-mail system. Constitutional amendments in Wisconsin and ballot referenda in Arizona are not subject to the approval of governors in those states. “Wisconsin’s status as a swing state makes election integrity measures important locally, nationally and internationally.”If approved, the Wisconsin measures would be in effect for this year’s elections. Katie Hobbs has vetoed a raft of legislation – ranging from efforts to get rid of red-light cameras to prohibiting ranked-choice voting in the state’s elections.

Persons: ”, Jay Heck, Donald Trump, Joe Biden, Sen, Eric Wimberger, Mark Zuckerberg, Priscilla Chan, Zuckerberg, Tony Evers, Will Flanders, –, who’s, Debra Cronmiller, Katie Hobbs, Hobbs ’, Alex Gulotta, “, Wendy Rogers, Rogers, Wisconsin’s, noncitizens Organizations: CNN, Republican, GOP, Silver State, Tuesday ., White House, Center for Tech, Republicans, Democratic, National Conference of State Legislatures, Wisconsin Institute of Law and Liberty, Badger State, League of Women Voters of, Phoenix New Times, Phoenix, Clark County Republican Party, Wisconsin, New, New York City Locations: Wisconsin, Nevada, Silver, Arizona, Tuesday . Arizona, League of Women Voters of Wisconsin, Maricopa County, ” Arizona, Clark, New York City, York, New York

☆ These 5 stock investments are set to outperform now that recession mongers have been proven wrong, according to a senior portfolio manager at Morgan Stanley
▼ + stars: | 2024-03-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management, says we're still in the early stages of an economic recovery from 2022's earnings recession and the bear market that followed. Slimmon oversees the US and global long-equity strategies, portfolios that aren't biased toward any one area such as growth or value stocks. And in this environment, value stocks are expected to outperform dramatically, he said. Below is a Morgan Stanley equities chart demonstrating where value stocks trade relative to their fair value. They haven't fully sold off and remain expensive relative to the market, he noted.

Persons: Andrew Slimmon, we're, Slimmon, Morgan, it's Organizations: Morgan Stanley Investment Management, Business, US, Morgan Stanley, Morgan Stanley Investment

☆ The 4% mortgage rate and other sweet offers from lenders hoping to stave off commercial real estate doom
▼ + stars: | 2024-03-27 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Instead a deal is now being negotiated to trim the size of the property's $240 million mortgage and potentially extend the loan at below-market interest rates in an attempt to revive the property's fortunes. The negotiations show that as hundreds of billions of dollars of commercial real estate debts come due or have already tumbled into default, deals are being arranged behind the scenes to try to stave off financial catastrophe. More borrowers and lenders have sought to buy timeThere is mounting evidence that such negotiations are taking place more widely. There have been concerns that trillions of dollars of upcoming commercial property debt maturities could inflict heavy losses that could weigh on investors and lenders across the property market and even cause systemic issues in the banking sector. The deal is part of a growing number of sales by some lenders to cut down their exposure to commercial real estate.

Persons: Realty, Michael Maturo, we'd, Maturo, Jack Terzi, Terzi, Jamie Woodwell, Stephen Buschbom, Trepp, Alan Todd, David Blumberg, Raymond Boyd, Blumberg, Robert Ivanhoe, Greenberg Traurig, Ivanhoe Organizations: New, Aareal Bank, Business, JTRE Holdings, Mortgage Bankers Association, Treasury Department, Bank of America, 601W Companies, Aon, Aon Center, Federal Reserve Locations: New York, Lower Manhattan, Manhattan, New York City, Chicago

☆ Inside the Garrick, the Elite Men-Only London Club Rocked by Criticism
▼ + stars: | 2024-03-27 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

On a side street in Covent Garden stands an imposing palazzo-style building, strangely out of place amid the burger joints and neon marquees of London’s theater district. It houses the Garrick Club, one of Britain’s oldest men’s clubs, and on any given weekday, a lunch table in its baronial dining room is one of the hottest tickets in town. A visitor lucky enough to cadge an invitation from a member might end up in the company of a Supreme Court justice, the master of an Oxford college or the editor of a London newspaper. Women are excluded from membership in the Garrick and permitted only as guests, a long-simmering source of tension that has recently erupted into a full-blown furor. Mr. Moore’s membership seemed at odds with his efforts to bring more racial and gender diversity to the British spy agency, known as MI6.

Persons: Garrick, Richard Moore, Simon Case, Case, derisory Organizations: Garrick Club, Oxford, Guardian, Secret Intelligence Service Locations: Covent, London, British, ”

☆ How to 3D-print a school in a war zone
▼ + stars: | 2024-03-25 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +11 min

Project Hive will provide the school with four extra classrooms to help it accommodate additional students displaced by the war, said Bonis. But he continues undeterred: “(This) is also a way of taking technology to give back hope.”A model of the 3D-printed school showing the four new classrooms. Where 3D printing is really great is when you have special geometries and shapes, because you’re totally free. According to Lange, there are cheaper, faster alternatives to 3D printing, such as prefabricated and modular buildings. Team4UAReconstructing communitiesTeam4UA is not the only organization to see the potential of 3D-printed construction in disaster and conflict zones.

Persons: Jean, Christophe Bonis, “ I’m, ” Bonis, Team4UA, Olga Gavura, “, ”, DUS, Christian Lange, you’re, Hong Kong University Lange, Lange, Jack Oslan, Oslan, ‘, Andriy Zakaliuk, Bonis, “ It’s Organizations: CNN, Team4UA, United Nations ’ International Organization for Migration, ”, Balbek, Ars Longa, Dubai Future Foundation, Hong Kong University, Robotic, 7CI Group, Russian, Diamond, Kyiv School of Economics, Lviv City Council’s Locations: Lviv, Ukraine, Europe, Russia, —, Texas, Austin , Texas, Nacajuca, Mexico, Dubai, Malawi, Arizona, “, Kherson, Kyiv

☆ U.K. to Accuse China of Cyberattacks Targeting Voter Data and Lawmakers
▼ + stars: | 2024-03-25 | by ( Mark Landler | Stephen Castle | ) www.nytimes.com time to read: +1 min

The British government is expected to publicly link China to cyberattacks that compromised the voting records of tens of millions of people, another notable hardening of Britain’s stance toward China since its leaders heralded a “golden era” in British-Chinese relations nearly a decade ago. The deputy prime minister, Oliver Dowden, will make a statement about the matter in Parliament on Monday afternoon, and is expected to announce sanctions against state-affiliated individuals and entities implicated in the attacks. The government disclosed the attack on the Electoral Commission last year but did not identify those behind it. It is believed to have begun in 2021 and lasted several months, with the personal details of 40 million voters being hacked. The Electoral Commission, which oversees elections in the United Kingdom, said that the names and addresses of anyone registered to vote in Britain and Northern Ireland between 2014 and 2022 had been accessed, as well as those of overseas voters.

Persons: Oliver Dowden Organizations: Electoral Commission Locations: China, United Kingdom, Britain, Northern Ireland

☆ Saudi Arabia is building the world's first Dragon Ball Z theme park
▼ + stars: | 2024-03-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Visitors try out the latest version of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany. Saudi Arabia is set to become home to the first-ever Dragon Ball Z theme park — a 5.3 million square foot entertainment venue announced as part of the kingdom's huge Qiddiya project. Five of the rides at the Dragon Ball Z theme park will be "world firsts," according to the release, one of which will be a 230-foot-high roller coaster called Shenron, named after the series' magical dragon. Vision 2030, the name of this project, a brainchild of Saudi Crown Prince Mohammed bin Salman, has also set a target of 150 million tourists visiting the kingdom annually by 2030. Tourism reached a record for the country in 2023 at 106 million, according to its tourism ministry — an increase of 56% from 2019.

Persons: Prince Mohammed bin Salman, It's Organizations: Toei Animation, Saudi, Public Investment Fund, Nintendo, Tourism Locations: Cologne, Germany, Saudi Arabia, Japan, Riyadh —, Riyadh, City

☆ China vows to treat foreign firms equally as it seeks more international investment
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +4 min

Guo Tingting, Chinese Vice Minister of Commerce, attends the China Development Forum in Beijing on March 25, 2024. "China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China with confidence and peace of mind," Vice Commerce Minister Guo Tingting said at the China Development Forum in Beijing. China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia's largest economy moves to upgrade and strengthen its industrial chains. In response, China has stepped up efforts to address concerns of foreign investors, pledging to protect the rights of foreign companies and promising to further enlarge entry into its markets. Over 100 overseas executives and investors have attended the annual China Development Forum since the weekend, including companies with deep supply chains in China such as Apple and Siemens .

Persons: Guo Tingting, Guo, Li Qiang, Stephen von Schuckmann, CGTN, We're, Information Technology Jin Zhuanglong, Jin, Kristalina Georgieva Organizations: Commerce, China Development Forum, Trade Organization, WTO, Sunday, ZF Group, Apple, Siemens, Industry, Information Technology, Monetary Fund's Locations: Beijing, China, consultancies, United States

☆ U.S. assessing if China's SMIC broke U.S. rules to make Huawei chip
▼ + stars: | 2024-03-22 | by ( ) www.cnbc.com time to read: +2 min

A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. When asked by Representative Michael McCaul if SMIC broke U.S. export rules to produce the sophisticated chip, Alan Estevez, who oversees export policy, said "potentially yes. Questions have surfaced about whether SMIC illegally obtained U.S. tools to make the chip. That comes amid growing pressure from China hardliners to take action against the two companies since Huawei unveiled a new phone powered by a sophisticated chip manufactured at SMIC in August. When asked about SMIC's ability to produce the chip for Huawei using American tools, Estevez said, "I can't talk about any investigations that may or may not be going.

Persons: Biden, SMIC, Michael McCaul, Alan Estevez, Estevez, Trump, Donald Trump Organizations: Semiconductor Manufacturing International Corporation, Visual China, Getty, Commerce Department, Huawei, SMIC Locations: Beijing, China

☆ Lawmakers release text of $1.2 trillion spending bill as shutdown deadline nears
▼ + stars: | 2024-03-21 | by ( Sahil Kapur | ) www.cnbc.com time to read: +3 min

WASHINGTON — Lawmakers early Thursday morning released the text of a $1.2 trillion government funding bill negotiated by the White House and leaders of both parties to avoid a partial government shutdown this weekend. Those federal agencies are scheduled to shut down on Saturday if the funding package is not passed by Friday night. President Joe Biden has said he'll sign the bill, but it's unclear whether Congress has enough time to pass it before the deadline. It is the last remaining funding package that Congress has to pass this fiscal year, which ends after September. After the House passes the bill, the Senate will require unanimous consent to vote quickly.

Persons: Joe Biden, Mike Johnson, Johnson, Hakeem Jeffries, Biden, Chuck Schumer, Schumer, Mitch McConnell, — Frank Thorp Organizations: WASHINGTON — Lawmakers, White, Homeland Security, Defense, State, Labor, Health, Human Services, DHS, Internal Revenue Service, Republicans, House Republicans, House, Department of Homeland Security Locations: Washington, Washington , DC, D, Ky

☆ Goldman Sachs issued these 12 talking points for managers amid criticisms that it's bleeding women leaders. See the full memo here.
▼ + stars: | 2024-03-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Horwitz's March 13 memo was sent to all partners, managing directors, and vice presidents in response to a recent Wall Street Journal story. Women exits at GoldmanThe story comes amid a recent spate of departures of high-profile female executives at Goldman. Other women partners who have left include Katie Koch, a former top executive in asset management; Heather Miner, ex-global head of investor relations; and Jennifer Davis, a former head of retail investment banking. We are very fortunate to have extraordinary female partners that continue to increase in numbers. Our longer term success depends significantly on developing female partners in senior roles."

Persons: Goldman Sachs, Russell Horwitz, hasn't, Horwitz, David Solomon's, Horwitz —, Goldman, Marc Nachmann, Stephanie Cohen, BI's Bianca Chan, Beth Hammack, Cohen, Hammack, Alison, —, Solomon, Katie Koch, Heather Miner, Jennifer Davis, Horowitz, Russell W, David, we've Organizations: Business, Horwitz's, Goldman, Firm, Women, Media Relations

☆ 'Glitch' at Ethiopia's biggest bank sees customers withdraw millions that isn't theirs
▼ + stars: | 2024-03-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

ADDIS ABABA, Ethiopia - Dec. 7, 2023: A branch of the Commercial Bank of Ethiopia in Addis Ababa. Ethiopia's largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw unlimited funds, according to local media reports. More than $40 million was reportedly withdrawn from the state-owned Commercial Bank of Ethiopia or transferred to other banks, as customers discovered they could withdraw more than their total balance. Several universities have urged students to return cash that isn't theirs, and Sano reportedly told Monday's press conference that anybody who returns the money will not be criminally prosecuted. Ethiopia's central bank, which oversees its financial sector, said in a statement that the interruption was a result of system security checks and "not an incident that endangers the bank, its customers and the entire financial system," according to a Google translation.

Persons: Abie Sano, Sano, Monday's Organizations: Commercial Bank of, Commercial Bank of Ethiopia, CNBC Locations: ADDIS ABABA, Ethiopia, Commercial Bank of Ethiopia, Addis Ababa, Ethiopia's

☆ Supreme Court blocks Texas from enforcing controversial immigration law for now
▼ + stars: | 2024-03-18 | by ( Devan Cole | John Fritze | ) edition.cnn.com time to read: +2 min

CNN —The Supreme Court on Monday indefinitely blocked Texas from enforcing an immigration law that would allow state officials to arrest and detain people they suspect of entering the country illegally. The order came from Justice Samuel Alito because he oversees matters arising from the appeals court that is currently weighing the case. Senate Bill 4, signed into law by Texas Republican Gov. And Texas may be deeply concerned about recent immigration,” attorneys for a pair of immigration groups and El Paso County wrote in court papers. But the 5th US Circuit Court of Appeals granted a temporary stay of the lower court’s decision and said the law would take effect on March 10 if the Supreme Court didn’t act.

Persons: Biden, Samuel Alito, Bill, Greg Abbott, “, ”, Alito, Ken Paxton Organizations: CNN, Texas Republican Gov, Texas, Republican, Circuit Locations: Texas, United States, El Paso County, California, Pennsylvania, Michigan, Arizona, Austin , Texas

☆ Saudi Arabia's massive wealth fund is in talks to acquire national airline Saudia: Report
▼ + stars: | 2024-03-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Saudi Arabia's behemoth sovereign wealth fund is in talks to buy the kingdom's national airline Saudia, Bloomberg reported over the weekend, citing people familiar with the matter. According to the initial report, the acquisition would see the PIF take over the airline's ownership from the government to increase its efficiency and ability to make profit. Founded in 1945, Saudia has a fleet of 144 aircraft — 93 Airbus planes and 51 made by Boeing — and flies to more than 100 destinations, according to its website. It is not yet known how the airline would be valued. Talks are said to be in early stages, and could be delayed or axed altogether, Bloomberg reported.

Persons: Saudia, Boeing — Organizations: Saudi, Saudia, Bloomberg, Public Investment Fund, Riyadh Air, Airbus, Boeing Locations: Saudi Arabia

☆ A millennial got $76,000 in student debt wiped out last year. Now he's learned it was a mistake and has to dig into his retirement savings to afford payments again.
▼ + stars: | 2024-03-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

"So I mean, we upped our retirement contributions, put more in our savings account because we're saving to buy an apartment." According to David's account, he's expected to resume payments in April, and while he's not yet sure what the amount will be, he's already having to cut back on spending and dig into his retirement savings to make sure he can afford an additional bill. Since federal student-loan payments resumed in October after an over three-year pause, many borrowers have been struggling to get help from their servicers due to strained resources at Federal Student Aid, the office that oversees repayment. AdvertisementAs David waits for clarity, he's evaluating how much money he can withdraw from his savings account to face his student-loan payments once again. "I'm on the fortunate end of this in that I do actually have a savings account," David said.

Persons: David, David —, —, MOHELA, he's, We've, we're, Anne, hasn't, I'm Organizations: Service, Business, BI, Public, Education Department, Federal Student Aid, Republican Locations: PSLF, MOHELA

☆ A 101-year-old former CEO shared his longevity advice: early retirement is 'stultifying,' and the Mediterranean diet is best
▼ + stars: | 2024-03-15 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

Read previewWhen I. Roy Cohen was born in 1922, his parents' farmhouse had no running water or electricity. Courtesy of I. Roy Cohen. AdvertisementHe said he learned a series of longevity lessons over the decades and shared some with BI. Courtesy of I. Roy Cohen. Courtesy of I. Roy Cohen.

Persons: —, Roy Cohen, " Cohen, Cohen, Joan, something's, munch, David Organizations: Service, Business Locations: New York

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