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☆ Israel’s economy is paying a high price for its widening war
▼ + stars: | 2024-10-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

London CNN —In late September, as Israel’s nearly year-long war widened and its credit rating was downgraded yet again, the country’s finance minister, Bezalel Smotrich, said that, while Israel’s economy was under strain, it was resilient. Israel’s economy could shrink even more than that, based on a worst-case estimate by the Institute for National Security Studies at Tel Aviv University. Before the October 7 attack and ensuing Israel-Hamas war, the International Monetary Fund forecast that Israel’s economy would grow by an enviable 3.4% this year. Smotrich, the finance minister, is confident that Israel’s economy will bounce back once the war ends, but economists are concerned the damage will far outlast the conflict. Florion Goga/ReutersOther sectors of Israel’s economy, while less important than tech, have been hit much harder.

Persons: London CNN —, Bezalel Smotrich, ” Smotrich, Hassan Nasrallah, ratcheting, Karnit, ‘, Menahem Kahana, ”, “ Israel, “, Smotrich —, Flug, Ahmad Gharabli, Fitch, —, Coface, Avi Hasson, Hasson, Florion Goga, Yaron Liberman, ” Liberman Organizations: London CNN, CNN, West Bank, United Nations, BMI, Fitch Solutions, Institute for National Security, Tel Aviv University, International Monetary Fund, of Israel, Getty, Bank of Israel, Israel Democracy Institute, Institute for National Security Studies, Moody’s, Startup Nation Locations: Lebanon’s, Beirut, Israel, Lebanon, Gaza, Israel’s, Iran, AFP, Egypt, Syria, Golan, Jerusalem's Old City, United States, Tel Aviv, housebuilding . Tourism

Sen. Joe Manchin (D-WV) speaks during a "Politics & Eggs" event at the New Hampshire Institute Politics at St. Anselm College on January 12, 2024 in Manchester, New Hampshire. MORGANTOWN, W.Va. — Sen. Joe Manchin, D-W.Va., announced Friday that he is not running for president after spending months mulling a bid that would have shaken up the 2024 campaign. I will not be involved in a presidential run," Manchin said during a speech. In a statement following Manchin's announcement, former Connecticut Sen. Joe Liberman, former North Carolina Gov. Democrats feared a Manchin candidacy would have pulled votes away from President Joe Biden and boost former President Donald Trump, the 2024 Republican frontrunner, in a general election.

Persons: Sen, Joe Manchin, — Sen, Manchin, Connecticut Sen, Joe Liberman, Pat McCrory, Benjamin Chavis Jr, Mitt Romney, Rob Portman, Joe Biden, Donald Trump Organizations: New Hampshire, St, Anselm College, Democracy, White, North Carolina Gov Locations: Manchester , New Hampshire, MORGANTOWN, W.Va, Connecticut, R, Utah, Ohio

☆ Moneyball-Plus: What Happens When Investors Treat Athletes Like Startups
▼ + stars: | 2024-01-28 | by ( Joseph Bien-Kahn | ) www.businessinsider.com time to read: +27 min

What if athletes could sell a percentage of their future earnings to investors, the same way tech entrepreneurs offer a stake in their promising new ideas in return for venture capital? "We look at the game very, very differently than everyone else," Schwimer tells the pitcher. Finlete is launching a fund that allows fans to buy shares in a prospect's future earnings. What if you could sell a share of your future earnings, he asked, for $10,000? Today, he says, more than 80% of the players BLA has invested in are outside the league's top 300 prospects.

Persons: They're, Michael Schwimer, —, Schwimer, BLA, haven't, Fernando Tatis Jr, We've, it's, Daniil, David Liberman, Garrett Broshuis, he'd, He'd, Houdini, Christian Petersen, Erik Kratz, Kratz, Cole Hamels, Hamels, Sean M, Marvin Bush, George W, Bush, Paul DePodesta, bankroll BLA's, Bill Miller, Miller, HBO's, Michael, Jeff Bezos, Bezos, I'd, I'm, Steven Duncker, Goldman Sachs, Elly De La Cruz, Dylan Buell, phenom, Scott Boras, Yermín Mercedes, Francisco Mejía, countersue Mejia, Gervon Dexter, they're, Dexter, Wharton, He's, he'll, isn't, scoffing, he's Organizations: Philadelphia Phillies, Big League, San Diego Padres, Benchmark Capital, Sports, Wharton Sports Business, MLB, University of Virginia, Partners, Phillies, Getty, AAA, Arizona Fall League, Ritz Carlton, Cleveland Browns, Dodgers, Cleveland Indians, Big League Advance, Chicago Bears, University of Florida, Huntsman, NCAA Locations: Maryland, Philadelphia, United States, baseball's, Latin America, America, Dominican Republic, Cleveland, Florida

☆ Louis Oliver Gropp Dies at 88; Led Shelter Magazines Through Turmoil
▼ + stars: | 2023-10-30 | by ( Penelope Green | More About Penelope Green | ) www.nytimes.com time to read: +1 min

Stephen Drucker, the veteran shelter magazine editor who worked for Mr. Gropp in the 1970s, said by phone: “Lou saw himself as a business head. It was the only magazine in its category — magazines with circulations between 400,000 and 1 million — to do so. By 1987, however, Mr. Liberman and S.I. They gave her House & Garden instead. Mr. Gropp was typically sanguine.

Persons: Stephen Drucker, Gropp, Lou, ”, Liberman, Newhouse, Condé, Anna Wintour, —, William Shawn, Grace Mirabella, Kazanjian, Calvin Tomkins, “ Alex, Alexander Liberman ”, Elle Décor Organizations: Mr, & Garden, S.I, Vogue, The Locations: British, Newport Beach, Calif, Yorker

☆ A 25-year-old Israeli woman helped save her entire kibbutz by arming a neighborhood watch group to fight off Hamas militants, her neighbors and dad say
▼ + stars: | 2023-10-11 | by ( Natalie Musumeci | Alisa Shodiyev Kaff | ) www.businessinsider.com time to read: +3 min

A young Israeli woman helped save her kibbutz by arming citizens to fight Hamas militants, reports said. Inbal Liberman, 25, a security coordinator in Nir Am, armed a neighborhood watch group amid Hamas' attacks. A young Israeli woman has been credited with helping to save her entire kibbutz from the wrath of advancing Hamas militants by arming a neighborhood watch group to fight off some of the assailants, residents and her dad said. The father added, "The neighborhood watch group was already assembled and she made the decision to give them weapons and station them." The assault by Hamas has already left more than 1,000 dead in Israel, with many more injured, Israeli officials have said.

Persons: Inbal Liberman, Nir Am, —, Liberman, Ofer Liberman, Nir, I'm, Israel Organizations: Service, Hamas, Haaretz, Israel Defense Forces, Nir Am, Gaza Ministry, Health Locations: Israeli, Israel, Nir, Gaza, Palestinian, Saar Paz

☆ The oldest, most complete Hebrew Bible that went missing for 600 years sells for a record $38 million
▼ + stars: | 2023-05-21 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

An ancient Hebrew Bible has just sold at Sotheby's auction house in New York for $38 million. The ancient text, written in around 900 AD, is the most complete early copy of the Hebrew Bible. Hence, the auction house says the nearly 800-page Codex Sassoon is "definitively the most significant early biblical manuscript in private hands." It includes 24 books of the Hebrew Bible, divided into the Torah, or "Pentateuch," the Nevi'im, or "prophets," and the Ketuvim, or "writings." The Hebrew Bible is the basis for what Christians call the Old Testament.

☆ Here's an exclusive look at the 12-slide pitch deck three siblings used to raise $17 million in funding from Coatue for their mobile app performance startup
▼ + stars: | 2023-02-22 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +3 min

The four Liberman siblings have been building companies together for nearly two decades. Their latest venture, Product Science, just raised $17 million in Series A funding. Here's an exclusive look at the pitch deck that scored the startup millions from Coatue and others. Although app delays aren't noticeable to most users, there's a long tail of consumers on older devices whose experiences can be significantly hindered by poor app performance, Liberman said. Here's an exclusive look at the 12-slide pitch deck Product Science used to raise $17 million of Series A funding from Coatue, K5 Global, and Peter Fenton from Benchmark:

☆ DraftKings says no evidence systems were breached following report of a hack
▼ + stars: | 2022-11-21 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

DraftKings said Monday there is no evidence the online betting platform's systems were breached following a report that some users were hacked. An unknown number of users discovered unusual activity associated with their DraftKings account that led to withdrawals from their bank accounts, according to a report by The Action Network and social media posts. The company said it has identified less than $300,000 of customer funds that were affected by the unusual activity and that it intends to "make whole any customer that was impacted." The incident comes at a time when users are increasingly skeptical of online financial transactions following the recent collapse of crypto platform FTX. Shares of the company fell as much as 11% Monday following the report before recovering slightly.

☆ Pros name 3 picks in one top-performing sector, including a Warren Buffett favorite
▼ + stars: | 2022-11-09 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

The bank should also post better-than-expected net interest margins and net interest income given the rise in short-term interest rates, he added. The bank's third-quarter profit and earnings topped expectations on better-than-expected fixed income trading and gains in interest income. Meanwhile, Chuck Liberman, chief investment officer at Advisors Capital Management, likes Wells Fargo , calling it a "one of the cheapest banks with a large retail deposit base." This will boost the bank's net interest margins as interest rates spike, he told CNBC's "Street Signs Asia" on Tuesday. "A rare small cap play for us at only $2.6 billion market cap, the company has been a dividend grower (with significant annual special dividends on top) since day one … they have no debt on the balance sheet.

☆ Sports betting salaries: Pay data reveal how much DraftKings, FanDuel, and other companies offer employees for tech and other jobs
▼ + stars: | 2022-10-18 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

The data are limited to base salaries and US-based jobs for visa-seeking employees. Still, sports betting is as much about sports as it is gambling and tech — growing industries known for high-paying jobs. The data included five US sports betting companies: BetMGM, DraftKings, FanDuel, Penn Interactive, and Rush Street Interactive. It included salaries for jobs such as a data engineer at DraftKings that would make $97,000 per year or more and a sports trading senior manager at FanDuel that would earn $130,000. A FanDuel software engineer based in New York would make $128,440, which is in the range of what TikTok has offered software engineers, the data shows.

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