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☆ Companies are caving to anti-DEI crusaders. That’s bad for business
▼ + stars: | 2024-09-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

(And in doing so, gave rise to a generation of hilarious “That’s why, for this pride month, I’ve partnered with” memes. But more damaging than the cringe of a tone-deaf tweet about diversity is when companies give up on the performance altogether. This week, Molson Coors, a longtime sponsor of Pride events and partner to LGBTQ+ nonprofits, joined the list. A Molson Coors representative declined to comment beyond the memo. Coors Light may have looked at its rival getting pummeled by right-wing pundits and feared being the next target.

Persons: CNN Business ’, Kendell Jenner, I’ve, John Deere, Davidson, Molson Coors, Coors, Robby Starbuck, ”, Nathaniel Meyesohn, Starbuck, George Floyd, Bud Light, Cait Lamberton, “, you’ve, pummeled, they’re, Tom Sebok, Molson, Sebok Organizations: CNN Business, New York CNN, Pepsi, Harley, Tractor Supply, Molson Coors, Molson, Human Rights, Coors, DEI, University of Pennsylvania’s Wharton School of Business, The New England Consulting Locations: New York, America, United States

Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies. Molson Coors will also ensure all corporate charitable giving programs are focused on supporting "core business goals" such as alcohol responsibility, disaster relief efforts and promoting access to higher education. Although conservative activist Robby Starbuck characterized the moves as preemptive changes in response to his probe into the company's DEI practices one week ago, Molson Coors says in its memo that the decision "has been in process since March." Molson Coors' decision comes after a wave of retailers over the summer took a step back in their DEI efforts. Corporate DEI practices received renewed interest in the wake of the murder of George Floyd and the Black Lives Matter protests of 2020, but have struggled in the aftermath of the Supreme Court decision to overturn affirmative action in colleges.

Persons: Molson Coors, Robby Starbuck, Davidson, Lowe's, George Floyd Organizations: Molson, CNBC, Molson Coors, Groups, Business, Tractor Supply, Human Rights, Companies, Harley, Ford Locations: U.S, America

☆ For young, promising venture capitalists, the path to partner has suddenly become much steeper
▼ + stars: | 2024-08-26 | by ( Melia Russell | Sri Muppidi | ) www.businessinsider.com time to read: +8 min

Let's make a dealThere's no one way to get promoted in venture capital. Amanda "Robby" Robson became a partner at Cowboy Ventures at 29 years old, making her the youngest partner in the firm's history. Network your way to a promotionFundraising for venture firms has become increasingly competitive, with dollars concentrated into fewer legacy funds. Firms might be faster to hire or promote young investors who land deals in the desired category. The next day, the fund promoted him to senior associate and Brenner made it LinkedIn-official.

Persons: —, Dan Miller, Abigail Johnson, Michael Larsen, It's, Clara Brenner, Larsen, Amanda, Robby, Robson, Jill Chase, Chase, Miller, " Miller, Johnson, Jenieri Cyrus, Julie Lein, Brenner, Cyrus Organizations: Service, Business, True, Sapphire Ventures, Cambridge Associates, Urban Innovation Fund, Investors, Google, Cowboy Ventures, TechCrunch, intel, Urban, Northwestern Kellogg, LinkedIn Locations: Northwestern

☆ Harley-Davidson is dropping diversity initiatives after right-wing anti-DEI campaign
▼ + stars: | 2024-08-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Harley-Davidson said Monday that it’s ending diversity and other progressive initiatives at the company. Harley-Davidson is the latest major American brand to backtrack from DEI policies it had supported in recent years. Harley-Davidson faced pressure online from Robby Starbuck, a conservative activist who has successfully taken on DEI policies at several American companies. The company also said it would end its relationship with the Human Rights Campaign, a leading LGBTQ+ advocacy group. Harley-Davidson joins Tractor Supply and John Deere to backtrack on policies following pressure campaigns led by Starbuck.

Persons: John Deere, Harley, Davidson, Robby Starbuck, Starbuck, “, Harley Davidson, ” Starbuck, Elon Musk Organizations: New, New York CNN — Tractor, Harley, Wisconsin LBGT Chamber of Commerce, Human Rights, United, CNN, Tractor Supply Locations: New York, Milwaukee, Wisconsin

☆ 'Cobra Kai' is ending after six seasons. Here's when the final episodes will drop.
▼ + stars: | 2024-07-19 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewThe final season of "Cobra Kai" is out now on Netflix, but fans must wait until 2025 to see the story fully wrapped up. After three more seasons as one of Netflix's biggest original shows, the "Cobra Kai" creators announced that the sixth season would be the last. The next episodes of "Cobra Kai" air in NovemberTanner Buchanan, Peyton List, Xolo Maridueña and Mary Mouser reprise their role as karate students Robby Keene, Tory Nichols, Miguel Diaz and Samantha LaRusso in "Cobra Kai" season six. Curtis Bonds Baker / NetflixIn May, Netflix announced that the final season of "Cobra Kai" would be split into three releases across 2024 and 2025. Warning: Spoilers ahead for "Cobra Kai" seasons one to five.

Persons: —, Kai, Josh Heald, Jon Hurwitz, Hayden Schlossberg, Daniel LaRusso, Ralph Macchio, Johnny Lawrence, William Zabka, we've, Tanner Buchanan, Peyton List, Maridueña, Mary Mouser, Robby Keene, Tory Nichols, Miguel Diaz, Samantha LaRusso, Curtis Bonds Baker, dojos, Fang, Terry Silver, Cobra Kai, Daniel, Johnny, Terry, John Kreese, Martin Kove Organizations: Service, Netflix, Business, YouTube Locations: Spain

☆ John Deere backs away from diversity and inclusion efforts after a conservative backlash
▼ + stars: | 2024-07-18 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

NEW YORK AP —John Deere says it will no longer sponsor “social or cultural awareness” events, becoming the latest major US company to distance itself from diversity and inclusion measures after being targeted by conservative backlash. The move from the company known on Wall Street as Deere & Co. arrives just weeks after rural retailer Tractor Supply ended an array of its corporate diversity and climate efforts. Both announcements came after backlash piled up online from conservative activists opposed to diversity, equity and inclusion efforts, sponsorship of LGBTQ+ Pride events and climate advocacy. “If it’s so polarizing that people just abandon it, then we all lost.”Legal attacks against companies’ diversity, equity and inclusion efforts have also drawn more attention following the Supreme Court’s 2023 ruling to end affirmative action in college admissions. That doesn’t mean companies will stop their DEI efforts entirely, she added, but they may have to change language or find new workarounds.

Persons: John Deere, Robby Starbuck, Starbuck, John Deere’s, it’s, ”, Eric Bloem, John Boyd , Jr, John C, Deere, Bud Light, aren’t, SHRM, Johnny C, Taylor, Jr, Jen Stark, Donald Trump, Stark Organizations: Deere, Co, Tractor Supply, Conservative, Human Rights, Associated Press, Supply, Human, ”, Black Farmers Association, Deere &, Labor Department, Target, Society for Human Resource Management, LinkedIn, AP, Center for Business, Social, Heritage, Republican Locations: The Moline , Illinois, Brentwood , Tennessee, BSR, U.S

☆ John Deere rolls back DEI policies having come under fire from conservatives, saying it won't take part in events like Pride or have a pronoun policy
▼ + stars: | 2024-07-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

John Deere has backed down from a number of DEI initiatives, seemingly in response to online criticism. The company said it won't partake in external "cultural awareness" parades and reaffirmed its lack of a pronoun policy. In a viral video, conservative activist Robby Starbuck said John Deere had "gone woke." AdvertisementTractor maker John Deere has backed down from its DEI initiatives after facing substantial criticism from conservatives online. John Deere "will no longer participate in or support external social or cultural awareness parades, festivals, or events," it said in a post on X on Tuesday.

Persons: John Deere, Robby Starbuck, — Organizations: Service, Business

☆ Tractor Supply warned climate change and a lack of diversity would hurt business. Now it’s ignoring those risks
▼ + stars: | 2024-07-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Hal Lawton, the chief executive of the Brentwood, Tennessee-based company, had said these initiatives “make great business sense for Tractor Supply.”But Tractor Supply has decided that all of those risks are now worth ignoring. By walking away from diversity and climate goals, Tractor Supply has become the latest corporate giant to retreat from progressive initiatives it once promoted, joining Bud Light, Target and others. Tractor Supply declined to comment on these statements. Tractor Supply’s customer base has historically been primarily older men, who lean Republican, but Tractor Supply has increasingly tried to draw Millennials and women, who tend to favor Democrats. Tractor Supply’s reversal could hurt it with these customers, who could be crucial as the company’s historic base ages out of the market.

Persons: Hal Lawton, Bud, ”, Nooshin Warren, “ They’re, ” John Boyd, Steve Helber, Robby Starbuck, “, It’s, ” Boyd, Donald Trump, Joe Biden, ” Lawton, ” Eric Bloem, George Floyd, Bill Ackman, Elon Musk, They’ve, Chick, Bud Light, Jeff Chiu, Bud Light’s, influencer Dylan Mulvaney, CNN’s Eva Rothenberg Organizations: New, New York CNN, Tractor Supply, Supply, Human Rights, Bud Light, University of Arizona, National Black Farmers Association, AP Tractor Supply, Human, Tennessee’s, Congressional District, ”, Black Farmers Association, CNN, “, Tractor, Republican, Pew, Democratic, Disney, Nike, Anheuser, Busch InBev, Target Locations: New York, Brentwood , Tennessee, United States, America, Minneapolis

☆ Tractor Supply Co. backtracks on DEI roles and goals
▼ + stars: | 2024-06-29 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

New York CNN —Tractor Supply Company has eliminated its diversity, equity and inclusion initiatives as part of what the retail chain says is a push to distance itself from “nonbusiness activities” after conservative backlash from some of its customer base. “You can’t say you’re going to try to do at Tractor Supply what they do at the Apple headquarters in Cupertino, California — that’s definitely not going to work,” he said. “Tractor Supply Co is turning its back on their own neighbors with this shortsighted decision,” Eric Bloem, vice president of Programs and Corporate Advocacy at the Human Rights Campaign, told CNN in a statement Saturday. This is why the Tractor Supply — and most of the country’s biggest employers — have worked with us for years to create inclusive policies and practices. Those are the parts that business leaders aren’t thinking about as they are folding on DEI.”

Persons: ”, “, Robby Starbuck, Starbuck, X, ” Shaun Harper, Harper, that’s, ” Eric Bloem, —, Bud Light’s, influencer Dylan Mulvaney Organizations: New, New York CNN — Tractor Supply Company, Supply, Tennessee’s, Congressional, Tractor Supply, University of Southern, CNN, Tractor, National FFA Organization, Apple, ”, Human Rights, “, Companies, Anheuser, Busch InBev, Target Locations: New York, University of Southern California, Brentwood , Tennessee, Cupertino , California, United States

CNN —Josef Newgarden used a scintillating last-lap pass to win the Indianapolis 500 on Sunday for the second consecutive year in a race that started four hours late due to extreme weather. We worked our tails off,” Newgarden told race broadcaster NBC. “Absolutely, they can say whatever they want after this point, I don’t care any more,” Newgarden said after the Indy 500. The Indy 500 regularly shares a date with the famous Monaco Grand Prix, known as the “crown jewel” of the Formula One calendar. Michael Conroy/AP“(Racing at 50) was always my goal, but I don’t want to just ‘do it’,” he told Indy Star.

Persons: CNN — Josef Newgarden, I’m, …, ” Newgarden, Pato O’Ward, Arrow McLaren, Hélio Castroneves, Roger Penske, ” Josef Newgarden, AJ Mast, Tom Blomqvist, Mark J, Newgarden, O’Ward, “, ”, “ It’s, ” O’Ward, Scott Dixon, ” Dixon, Charles Leclerc, Kyle Larson, Larson, ” Larson, Justin Allgaier, Christopher Leduc, Allgaier, John Andretti, Robby Gordon, Tony Stewart, Kurt Busch, Castroneves, Michael Conroy Organizations: CNN, Indianapolis, NBC, Indycar, USA, Sports, Reuters, Team Penske, IndyCar, Indy, Monaco, Larson NASCAR, NASCAR, Indy Star Locations: Indianapolis, St . Petersburg , Florida, Monte Carlo, Indiana, North Carolina, Larson’s

☆ Realtor's settlement means buyers might save money on their new homes, but they'll be doing more work themselves
▼ + stars: | 2024-03-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Buyers' agents will no longer charge 6% commission fees for helping buyers purchase a house. However, the lowered commissions may mean buyers have to do more work themselves. And while the new rules around Realtors' commission fees mean buyers may save thousands of dollars on their homes, they may also end up doing more work themselves to find and purchase new houses. Other sellers, the outlet reported, won't offer any commission to pay a buyer's agent at all in a process called decoupling. If the seller doesn't shell out for the buyers' agent fees, as real estate transactions have typically been structured, this will leave the buyer's agent commission negotiations — and potentially the out-of-pocket payment for their fees — up the the buyer.

Persons: Buyers, —, Robby Braun, Cohen Milstein Sellers, Toll, they're, Toby Schifsky, Kaplan, BI's Grace Eliza Goodwin Organizations: National Association of Realtors, Service, Realtors, Street, Washington Post

☆ Consumers are stressed. It could be showing in how we bought toys in 2023
▼ + stars: | 2024-02-11 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

New York CNN —Consumers bought fewer toys in all of 2023, including during the key Christmas toy-buying period, showing that households continue to pare back on discretionary products. But toy sales in all of 2023 dropped 8%, both in dollar terms (how much consumers paid for toys) and in unit sales (meaning how many toys consumers bought). This shows that shoppers bought fewer toys but also traded down in prices to cheaper toys. “While 2023 was a challenging year for the U.S. toy industry, the four-year compound annual growth rate remains positive,” she said. Among the toys that consumers did buy in 2023, Pokémon, Barbie and Squishmallows were the top three best-selling brands last year, according to Circana.

Persons: pare, Circana, ”, Juli Lennett, Lennett, I’ve, “, ” Lennett, ” Jon Copestake, EY, ” Copestake, ” Robby Pettinato, Joy, ” Pettinato, Toy Joy, “ Anecdotally, “ That’s, it’s, Pettinato, Barbie, Squishmallows, Price, Melissa, Doug, – CNN’s Alicia Wallace, Katie Lobosco Organizations: New, New York CNN — Consumers, Commerce Department, Hasbro, Wild, Inc, CNN, ”, Star, Marvel, Disney Locations: New York, United States, U.S, Austin

Larson nearly lost control of his Arrow McLaren Chevrolet during a four-plus-hour test at Phoenix Raceway on Monday, but the NASCAR star and 2021 Cup Series champion managed to save his Indianapolis 500 ride from hitting the wall at 180 mph. “I went into Indy car turmoil, got a little bit loose into the corner, got to the apex. He also is scheduled to drive the NASCAR race, the Coca-Cola 600, in Charlotte, North Carolina, later that day. He will be back in a Cup car next week at Daytona International Speedway to prepare for the season-opening Daytona 500. “I don’t think they’re as far apart from each other as what the previous model NASCAR Cup Series car was like or what an Xfinity car might be like,” he said.

Persons: Kyle Larson’s, Larson, Arrow McLaren, ” Larson, “, ”, John Andretti, Robby Gordon, Tony Stewart, Kurt Busch, Stewart, “ It’s, ” Hendrick, McLaren, Rick Hendrick, … It’s, Jenna Fryer Organizations: Phoenix Raceway, NASCAR, Indianapolis, Indy, Phoenix, IndyCar, Indianapolis Motor Speedway, Daytona, Auto Locations: Charlotte , North Carolina

☆ NHL roundup: Lightning's Andrei Vasilevskiy wins season debut
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +12 min

Jake DeBrusk and Danton Heinen scored for Boston, which had gained points in seven straight games since a 5-4 loss in Detroit on Nov. 4. Kiefer Sherwood had a goal and two assists for the Predators, who won their fourth straight game. Ryan Nugent-Hopkins scored one goal and added two assists, while Evander Kane and Evan Bouchard also scored for the Oilers. Johnathan Kovacevic also scored and Cayden Primeau made 31 saves for Montreal, which won its second straight road game. Kirill Kaprizov had a goal and an assist and Joel Eriksson Ek also scored for Minnesota, which lost its sixth straight game.

Persons: Andrei Vasilevskiy, James Guillory, Nikita Kucherov, Steven Stamkos, Brandon Hagel, Luke Glendening, Hagel, Stefan Noesen, Michael Bunting, Antti Raanta, Vasilevskiy hadn't, Conn Smythe, Kevin Korchinski, Connor Bedard's, Ilya Samsonov, Korchinski, Jason Dickinson, Arvid Soderblom, Nicholas Robertson, Calle Jarnkrok, Ryan Reaves, Max Domi, Alex DeBrincat, Compher, Robby Fabbri, Dylan Larkin, David Perron, Shayne Gostisbehere, Ville Husso, Jake DeBrusk, Danton Heinen, David Pastrnak, Jeremy Swayman, Mika Zibanejad, Chris Kreider, Zibanejad, Kreider, Igor Shesterkin, Sean Couturier, Luke Evangelista, Filip Forsberg, Louis, Kiefer Sherwood, Ryan O'Reilly, Yakov Trenin, Spencer Stastney, Alexandre Carrier, Kevin Lankinen, Pavel Buchnevich, Robert Thomas, Jake Neighbours, Kevin Fiala, Cam Talbot, Anze Kopitar, Arthur Kaliyev, Quinton Byfield, Adrian Kempe, Trevor Moore, Drew Doughty, Kopitar, Marcel Dionne, Radko Gudas, Alex Killorn, John Gibson, Elvis Merzlikins, Merzlikins, Jack Hughes, Jesper Bratt, Eric Robinson, Boone Jenner, Alexander Holtz, Akira Schmid, Leon Draisaitl, Connor McDavid, Stuart Skinner, Ryan Nugent, Hopkins, Evander Kane, Evan Bouchard, Zach Hyman, Charlie Lindgren, Cole Caufield, Jesse Ylonen, Johnathan Kovacevic, Cayden Primeau, William Eklund, Tomas Hertl, Mike Hoffman, Mackenzie Blackwood, Eklund, Nick Suzuki, Hoffman, Ylonen, Blackwood, Connor Hellebuyck, Nino Niederreiter, Nikolaj Ehlers, Adam Lowry, Hellebuyck, Sergei Bobrovsky, Aleksander Barkov, Blake Coleman, Elias Lindholm, Yegor Sharagovich, A.J, Greer, Adam Ruzicka, Calgary's Mikael Backlund, Nazem Kadri, Andrew Mangiapane, Jacob Markstrom, Wyatt Johnston, Jason Robertson, Joe Pavelski, Jamie Benn, Evgenii, Jake Oettinger, Kurtis MacDermid's, Ross Colton, Valeri Nichushkin, Alexandar Georgiev, Kirill Kaprizov, Joel Eriksson Ek, Filip Gustavsson, Alex Tuch, Jeff Skinner, Tuch, Kyle Okposo, Victor Olofsson, Ukko, Pekka Luukkonen, Sidney Crosby, Lars Eller, Alex Nedeljkovic, Mathew Barzal, Anders Lee, Kyle Palmieri, Oliver Wahlstrom, Simon Holmstrom, Alexander Romanov, Brock Nelson, Semyon Varlamov, Drake Batherson, Tim Stutzle, Mathieu Joseph, Anton Forsberg, Sam Lafferty, Thatcher Demko, Teddy Blueger, Dakota Joshua, Nils Hoglander, Ilya Mikheyev, Nils Aman, Conor Garland, Tye Kartye, Joey Daccord Organizations: Tampa Bay, Carolina Hurricanes, PNC Arena, Tampa Bay Lightning, Tampa, Hurricanes, NHL, Blackhawks, Maple Leafs, Chicago, Toronto, Red Wings, Bruins, Detroit, Boston, Rangers, Flyers, Philadelphia, Metropolitan Division, Blues, Nashville, St, Predators, Ducks, Los, Anaheim, The Buffalo Sabres, Kings, Blue Jackets, Devils, Oilers, Capitals, Edmonton, Washington, Canadiens, Montreal, San, Jets, Panthers, Winnipeg, The Jets, Vezina, Florida, Flames, Calgary, Dallas, Stars, Avalanche, Colorado, Minnesota, Penguins, Buffalo, Pittsburgh, Sabres, Islanders, Senators, Ottawa, Canucks, Vancouver, Seattle, Thomson Locations: Raleigh , North Carolina, USA, Raleigh, N.C, Tampa Bay, Toronto, Detroit, New York, Los Angeles, Columbus, Newark , N.J, Jose, San Jose, Winnipeg, Sunrise, Fla, Florida, Saint Paul, Dakota

☆ NHL roundup: Blues blitz Avs behind 2 hat tricks
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +7 min

Schenn, who also had an assist, now has four career hat tricks, while Buchnevich, who had two short-handed goals, has three career hat tricks. Torey Krug had a goal and an assist, Alexey Toropchenko also scored and Robert Thomas added four assists for the Blues. Guhle also added an assist as the Habs scored two goals in a rapid-fire span in the third period. Brad Marchand logged a goal and an assist to lead the Bruins, who had a two-game winning streak snapped. Cole Perfetti and Brenden Dillon scored goals for the Jets, who saw their three-game winning streak come to an end.

Persons: Louis, Robert Thomas, Ron Chenoy, Schenn, Pavel Buchnevich, Buchnevich, Torey Krug, Alexey Toropchenko, Jordan Binnington, Mikko Rantanen, Jack Johnson, Alexandar Georgiev, Ivan Prosvetov, Kaiden Guhle's, Nick Suzuki, Brendan Gallagher, Guhle, Sam Montembeault, Brad Marchand, Charlie McAvoy, Jeremy Swayman, Zach Hyman, Dylan Holloway, Stuart Skinner, Jaden Schwartz, Philipp Grubauer, Joey Daccord, Daniel Sprong, Lucas Raymond, Alex DeBrincat, Robby Fabbri, Jake Walman, Ville Husso, Columbus, Patrik Laine, Alexandre Texier, Adam Fantilli, Sean Kuraly, Spencer Martin, Wyatt Johnston, Thomas Harley, Matt Duchene, Scott Wedgewood, Cole Perfetti, Brenden Dillon, Connor Hellebuyck, Drake Batherson, Mathieu Joseph, Rourke Chartier, Travis Hamonic, Tim Stutzle, Joonas Korpisalo, Blake Coleman, Calgary's, Dustin Wolf, Jacob Markstrom, Pyotr Kochetkov, Sebastian Aho, Brent Burns, Kochetkov, Jonas Johansson, Noah Gregor, Matthew Knies, William Nylander, Nicholas Robertson, David Kampf, Tyler Bertuzzi, Max Domi, Bobby McMann, J.T . Miller, Pius Suter, Nic Dowd, Aliaksei, Alex Ovechkin, Wayne Gretzky, Ovechkin, Gretzky, Dowd, hadn't, Protas, Alexander Romanov, Erik Karlsson, Tristan Jarry, Ukko, Pekka Luukkonen, Michael Carcone, Sean Durzi, Troy Stecher, Alex Kerfoot, Clayton Keller, Connor Ingram, Filip Forsberg, Kiefer Sherwood, Dante Fabbro, Ryan O'Reilly, Morgan Frost, Cal Petersen, Owen Tippett, Cam Atkinson, Sean Walker, Adrian Kempe, Carl Grundstrom, Cam Talbot Organizations: Louis Blues, Colorado Avalanche, Ball, Blues, St, Avalanche, Canadiens, Bruins, Boston, NHL, Oilers, Seattle, San Jose, Wings, Blue Jackets, Detroit, Red Wings, Jets, Dallas, Winnipeg, Stars, Central Division, Senators, Flames, Ottawa, Calgary, AHL, Hurricanes, Tampa, Maple Leafs, Canucks, Toronto, Vancouver, Capitals, Islanders, New, Penguins, Sabres, Pittsburgh, Buffalo, Coyotes, Predators, Nashville, Flyers, Philadelphia, Anaheim, Los, Thomson Locations: Denver , Colorado, USA, Denver, Montreal, Edmonton, Columbus, Carolina, Tampa Bay, Washington, New York, Elmont, Arizona, Los Angeles, Southern California, Philadelphia

BERLIN (AP) — Two cargo ships collided in the North Sea off the coast of Germany on Tuesday and one of them sank, German authorities said. The site of the collision was about 31 kilometers (19 miles) northeast of Langeoog island, which is just off the German mainland. Several rescue ships and aircraft taking part in the search hadn't located the missing crew members by late afternoon. The Verity was 91 meters (299 feet) long and 14 meters (46 feet) wide. The Polesie is 190 meters (623 feet) long and 29 meters (95 feet) wide.

Persons: Verity, Robby Renner, Michael Ippich, couldn't, Renner, Iona Organizations: BERLIN, Germany's, Command, Maritime Emergencies, Rescue Service, Rescuers Locations: North, Germany, Helgoland, Langeoog, Bremen, Immingham, Cuxhaven, Bahamas, Hamburg, Spain, Rotterdam

☆ US Open men's quarterfinals: Taylor Fritz, Frances Tiafoe and Ben Shelton bid for a semifinal place
▼ + stars: | 2023-09-05 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

For the first time since 2005, three Americans have progressed to the quarterfinals of the men’s draw. Taylor Fritz, Frances Tiafoe and Ben Shelton are the trio still harboring dreams of winning a home grand slam. Tiafoe and Shelton will play each other on Tuesday, while Fritz has a rather tricky tie against 23-time grand slam winner Novak Djokovic on the same day. I’m not going to do anything different because I’m playing Novak,” he told reporters after reaching the quarterfinal. “He’s going to come after me, and I’m going to come after him.

Persons: Taylor Fritz, Frances Tiafoe, Ben Shelton, Andy Roddick, Shelton, Fritz, Novak Djokovic, Andre Agassi, James Blake, Robby Ginepri, Agassi, Roger Federer, Djokovic, Carlos Alcaraz, “ I’ve, ”, Sarah Stier, “ I’m, I’m, Novak, Bunny, “, Bugs Bunny, He’s, ” Tiafoe, “ He’s, It’s, ” Shelton, Tommy Paul, ” Shleton Organizations: CNN, Getty Locations: American, Shelton, Australia

☆ Funds punished for owning too few Nvidia shares after stunning 230% rally
▼ + stars: | 2023-08-30 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Yet many funds hold less of the stock in their portfolios compared with Nvidia's weight in key equity indexes, making it tougher for them to beat their benchmarks. Among those funds that held a below-average weight in Nvidia, 85% underperformed the index so far this year, Morningstar's data showed. Nvidia's valuation has been a primary reason keeping some investors away, while others are wary of buying in after the stock’s mammoth 230% run this year. Nvidia shares marked a record high closing price on Tuesday, in the wake of a strong earnings report last week. "The stock has had an amazing rally, but it would be totally normal for it to correct 20-25%."

Persons: Robert Galbraith, Refinitiv, ”, Chuck Carlson, Dow, Goldman Sachs, Goldman, Morgan Stanley, Robby Greengold, Jeremy Schwartz, Schwartz, Michael Purves, Purves, ” Purves, Lewis Krauskopf, Ira Iosebashvili, Matthew Lewis Organizations: Nvidia, REUTERS, Nasdaq, Horizon Investment Services, Reuters Graphics Reuters, Big, Microsoft, Dow Jones, Apple, U.S, Mutual, Morningstar, Tallbacken Capital Advisors, Thomson Locations: Santa Clara , California, Big Tech, New York

☆ The EV price wars could hurt automakers when it comes to one of their most important groups of customers
▼ + stars: | 2023-07-27 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Electric trucks, long touted as a key to broader EV adoption, are a wildcard in the electric vehicle price war. Automakers are investing billions of dollars to electrify their product lineups not just for the average car buyer, but also for these fleet customers. "You're watching your numbers, you're watching your budget, you're watching the profit you're making." Still, automakers can't afford to jerk these buyers around with EV price changes. Smaller fleet customers are also very important for dealers, and electric trucks are a big gamble to sell to these customers, dealers who spoke with Insider said.

Persons: they're, Robby DeGraff, Tyson Jominy, Ford, Jominy Organizations: Morning, Car, EV, Amazon, FedEx, Walmart, Silverado Locations: .

☆ Analysis: Apple's growing stock market heft poses dilemma for fund managers
▼ + stars: | 2023-07-03 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The company’s weighting in the S&P 500 has swelled to 7.6%, the biggest of any one stock in the history of the benchmark index, according to S&P Dow Jones Indices. If shares of Apple keep rallying, that could hurt the results of active fund managers, who strive to beat indexes such as the S&P 500 or Russell 1000. The cost of limiting Apple shares may be particularly high for fund managers this year, given the stock's swelling weight in indexes. “Fund managers at their own peril don’t hold Apple and a handful of stocks just like it at index weight or about index weight,” Morris said. The stock is still his firm's fourth-largest holding, even though at 4% of the portfolio, it puts it underweight Apple versus the S&P 500.

Persons: Dow, Russell, Todd Sohn, Robby Greengold, Walter Todd, Todd, Alex Morris, ” Morris, Refinitiv Datastream, Peter Tuz, ” Tuz, Lewis Krauskopf, Ira Iosebashvili, Anna Driver Organizations: YORK, Dow Jones, Apple, Microsoft, Nvidia, Morningstar, Greenwood Capital, Research, “, Chase Investment, Thomson Locations: Apple’s, South Carolina, United Kingdom, Russell

☆ This portfolio manager’s frugality and eye for income protected her fund from the worst of 2022’s tumult
▼ + stars: | 2023-04-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Amid the tumult, the Fidelity Equity-Income Fund (FEQIX) outperformed the broader market with a total return of -5.07% – the result of portfolio manager Ramona Persaud's search for value and quality. The fund posted 3-year trailing returns of 18.71%, through April 4, according to Morningstar. "She thinks that a portfolio of companies that are inexpensive, high quality dividend paying stocks should outperform on a risk-adjusted basis." "When the market panics, you get this sweeping effect when everything gets sold off," Persaud said. "There's a lot of cyclical tech, things like semiconductors, that sold off really hard because of the fear around long duration.

☆ How drag was pushed back into the shadows in Tennessee
▼ + stars: | 2023-03-25 | by ( Jonathan Allen | ) www.reuters.com time to read: +9 min

Now, a Tennessee law restricting drag in front of minors is due to come into force on April 1. Several planned drag events were canceled over the winter after protests, and many venues felt forced to make previously family-friendly drag shows into adults-only events. Drag performers and venue owners say they are worried about their livelihoods and their rights of free expression. The Starbucks say there is no such thing as family-friendly drag; drag performers cite Bugs Bunny, Shakespeare's cross-dressing comedies and the Robin Williams film "Mrs. Doubtfire" among counterexamples. Outside of public Pride events, most Tennessee drag performers largely work in clubs and bars that admit only those over 18.

☆ NHL roundup: Auston Matthews' return boosts Leafs
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +4 min

[1/6] Feb 15, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs right wing William Nylander (88) battles for the puck with Chicago Blackhawks defenseman Caleb Jones (82) in front of Blackhawks goaltender Petr Mrazek (34) during the third period at Scotiabank Arena. Mandatory Credit: Nick Turchiaro-USA TODAY SportsFebruary 16 - Auston Matthews had a goal and an assist in his return after missing five games with a sprained knee, helping the Toronto Maple Leafs earn a 5-2 win over the visiting Chicago Blackhawks on Wednesday night. The Maple Leafs went 2-3-0 while Matthews was out. Conor Timmins added a goal, and the Maple Leafs goalie Ilya Samsonov made 27 saves. Lazar and defenseman Oliver Ekman-Larsson left due to lower-body injuries, and goalie Arturs Silovs stopped 22 shots in his NHL debut.

☆ NHL roundup: Tim Stutzle helps Senators rally past Flames
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +3 min

February 14 - Tim Stutzle scored 1:55 into overtime to cap off a four-point night and give the Ottawa Senators a 4-3 comeback win over the visiting Calgary Flames on Monday. Stutzle had assists on all three of the Senators' earlier goals, and the forward matched a personal best with four points in a game. The Flames are 12-9-11 in one-goal games this season, with the 20 combined one-goal losses leading the NHL. Roman Josi and Colton Sissons scored goals for the Predators, who lost for the second time in their last three games. Sheldon Dries replied for the Canucks, who have just one win in their past five games (1-3-1).

☆ NHL roundup: Hot at home, Lightning stop Bruins' road run
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +6 min

Blackhawks 5, Flames 1Boris Katchouk, Jason Dickinson and Sam Lafferty scored in the second period as visiting Chicago collected four unanswered goals and beat Calgary. Jaxson Stauber made 34 saves, 18 in the third period, in his second NHL start. Travis Boyd and Barrett Hayton also scored for the Coyotes, who won for just the third time in 15 games. St. Louis' Robert Thomas was knocked out of the game midway through the second period when he absorbed a slap shot in his midsection. Noah Cates and Tony DeAngelo each scored one goal for the Flyers, who dropped their third game in a row (0-1-2).

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