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☆ Kim Kardashian's Skims may be the hero the IPO market needs
▼ + stars: | 2023-07-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

This latest round was led by Wellington Management, a firm known for taking companies public. Jens Grede, Skim’s CEO, recently told Dealbook that stock investors have shown an increased interest in consumer-oriented businesses like Skims and that an IPO is something the company wants. “At some point in the future, Skims deserves to be a public company,” he said. If a Skims IPO were to succeed, “companies, CFOs and investors in general will see this as a very positive sign,” said Sokhi. Netflix posted nearly $8.19 billion in revenue for the quarter, compared to the $8.3 billion Wall Street had projected.

Persons: Kim Kardashian, Goldman Sachs, ”, David Solomon, Ro Sokhi, Cava, “ There’s, Skims, Andy Muir, Jens Grede, Megan Penick, Robinson, Kardashian, we’re, “, ” Adam Hodge, Volodymyr Zelensky, Russia “, Tesla, Chris Isidore, Refinitiv, Clare Duffy, Samantha Delouya Organizations: CNN Business, Bell, New York CNN, Wellington Management, Nike, US National Security Council, Russian Defense Ministry, Wednesday, Netflix Locations: New York, Cava, Skims, Russia, Ukraine, Europe, Odesa’s

Moscow’s withdrawal from the wartime deal on Monday threatens to push up food prices for consumers worldwide and could tip millions of people into hunger. The White House said the deal had been “critical” to bringing down food prices around the globe, which spiked after Russia invaded Ukraine in February last year. Tensions between the two countries heightened on Wednesday, limiting the possibility that the deal to export critical commodities across the Black Sea will be restarted. Wheat prices are still down more than 50% from their all-time high in March 2022. The Black Sea deal — originally brokered by Turkey and the United Nations a year ago — has ensured the safe passage of ships carrying grain from Ukrainian ports.

Persons: “, ” Adam Hodge, Volodymyr Zelensky, Russia “, —, Vladimir Putin, — CNN’s Katharina Krebs Organizations: New, New York CNN, US National Security Council, Russian Defense Ministry, Wednesday, United Nations, Organization for Economic Co Locations: New York, Europe, Ukraine, Russia, Odesa’s, Turkey, Istanbul, Kyiv, Moscow

☆ How the Black Sea grain deal collapse could impact global food prices and hunger
▼ + stars: | 2023-07-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —Wheat and corn prices on global commodities markets jumped Monday after Russia pulled out of a crucial deal allowing the export of grain from Ukraine. The collapse of the pact threatens to push up food prices for consumers worldwide and tip millions into hunger. The White House said the deal had been “critical” to bringing down food prices around the globe, which spiked after Russia invaded Ukraine in February last year. Food pricesThe global food price index complied by the UN’s Food and Agriculture Organization hit an all-time high in March 2022, but has fallen steadily since then. “A renewed rise in agricultural commodity prices would obviously push up retail food prices but perhaps not by as much as you think, particularly in developed economies,” she said.

Persons: “, ” Adam Hodge, —, Vladimir Putin, General Antonio Guterres, Shashwat, ” Saraf, Richer, Caroline Bain, ”, Rob Picheta, Hanna Ziady, Mick Krever, Anna Chernova, Priscilla Alvarez Organizations: London CNN —, US National Security Council, Chicago Board of Trade, United Nations, Organisation for Economic Co, Development, Gro Intelligence, Food Security Information Network, European Union, Rescue, East, Agriculture Organization, Capital Economics, CNN Locations: Russia, Ukraine, Turkey, Istanbul, Kyiv, Moscow, United States, Sevastopol, Russian, Crimea, East Africa, East, Africa

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