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Regardless of who wins Tuesday’s election, a key fixture of America’s political landscape for nearly a decade is set to disappear: the Trump rally. “It’s coming to an end,” Trump said in a phone interview with NBC News on Sunday. For his millions of supporters, Trump rallies have been a gathering place with thousands of other like-minded Americans. Torabi is best known for his popular Twitter account, where his clips of Trump rallies frequently go viral. “So tomorrow I’m doing three rallies and on Monday I’m going to do four rallies in one day,” Trump said.

Persons: Trump, Donald Trump, Anna Moneymaker, ” Trump, ”, “ There’s, Kamala Harris, Lee Greenwood’s, Jabin, I’m, ’, “ I’ve, he’s, Robin Cole, “, hasn’t, ” Trudy Delling, Andrew Caballero, Reynolds, It’s, that’s, Trump’s, We’ve, Acyn, Torabi, he’ll, outshine, Republican Party won’t, —, ” Eric Trump, Julia Demaree Nikhinson, it’s, marveled, we’re Organizations: White House, Trump, State College ,, NBC News, White, Central Wisconsin Convention, Washington, Getty, NBC, Republican Party, Republican, Convention, AFP, North Locations: Grand Rapids , Michigan, State College , Pa, Rothschild, Wis, Greensboro, N.C, Pennsylvania, Virginia, Milwaukee, North Carolina, Warren, Mich, Macon , Georgia, Greensboro , North Carolina, Rocky Mount

☆ More than half of workers say they've faced a 'bait-and-switch' in the hiring process: ‘This is a flaming red flag’
▼ + stars: | 2024-10-25 | by ( Jennifer Liu | ) www.cnbc.com time to read: +7 min

Though the job was remote, she was asked to commute an hour into the office for her first week of onboarding. Why companies bait-and-switch job candidatesExperiencing a bait-and-switch during job interviews is a frustrating candidate experience and highlights one of the many breakdowns in today's hiring process, says Jon Stross, president and co-founder of Greenhouse. For the most part, these experiences say more about the hiring team than you as a candidate, he says. How to confront a bait-and-switch job interviewAs far as confronting the experience as a job candidate, Stross says your best defense is to ask plenty of questions throughout the hiring process. "This is not a normal red flag — this is a flaming red flag."

Persons: Alexis Byrd, Byrd, —, I'd, it's, Jon Stross, Stross, It's, Pynes, Weston Davis, Davis, I'm Organizations: CNBC, Greenhouse, Fox Rothschild LLP, Dell, Walmart Locations: Detroit, U.S, Los Angeles, San Francisco

☆ The biggest beauty industry trends you'll see in 2025
▼ + stars: | 2024-10-21 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

In 2023, the beauty industry's sales reached $446 billion, according to a recent report by McKinsey. As 2025 approaches, BI asked three beauty founders what trends will be popular in the new year. Now, as the midway point of the 2020s approaches, we're wondering what beauty trends will define this decade for years to come. Instead, they occur at the industry level, changing the way consumers think about their beauty routines, attitudes toward beauty, or even the ways they shop. Here's what three beauty founders are thinking about for the industry in 2025.

Persons: Colleen Rothschild, there'll, — Organizations: McKinsey, Service

☆ The chemtrail conspiracy theory has its moment in the sun amid hurricanes Milton and Helene
▼ + stars: | 2024-10-10 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +7 min

As myths about Milton and Helene spread, interest in chemtrails increased too on Google search and social media. Despite the lack of evidence to support it, the so-called chemtrail conspiracy theory has endured for decades. Some of the promotion of the conspiracy theory has taken on a distinctively antisemitic tone. Peters previously promoted the unhinged conspiracy theory that ballots were flown from Asia as part of a plot to steal the 2020 election from President Trump. Friedrich suggested the conspiracy theories blaming weather manipulation for the devastation caused by Hurricanes Helene and Milton is a way to distract from the real effects of climate change.

Persons: Milton, Donald Trump, Helene, ” Trump, Robert F, Kennedy Jr, ” Daniel Swain, ”, Harris, Hurricanes Helene, Alex Jones, “, ” Jones, Stew Peters, X, Hurricane Milton, ” Peters, Peters, Trump, Marjorie Taylor Greene, Rothschild, Greene, Katja Friedrich, Friedrich, Joshua Horton Organizations: CNN, Hurricanes, Trump, Google, Harvard University, University of California, Biden, Pentagon, NOAA, Republican, University of Colorado Locations: Tennessee, University of California Los Angeles, Hurricane, United States, Asia, Arizona, California, University of Colorado Boulder

☆ False claims about the federal response to Helene are an ominous sign for the coming election
▼ + stars: | 2024-10-05 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

New York CNN —False claims about the federal response to the historic devastation left by Hurricane Helene are spreading out of control on social media, hampering recovery efforts in hard-hit areas, according to local officials. Elon Musk, the X owner who has endorsed Trump, has repeatedly posted rumors and innuendo denigrating the federal government’s response to Helene. Most of the misinformation is brazenly political, portraying President Joe Biden and Harris as incompetent in an attempt to help Trump win reelection. Some of the most-shared lies on social media have involved FEMA’s response. “Republican elected officials keep rebutting the BS, and MAGA does not care,” conservative columnist David French said in a social media post Saturday.

Persons: Hurricane Helene, Biden, Donald Trump, Kamala Harris, ” Tim Alberta, Elon Musk, Trump, Helene, Joe Biden, Harris, Kerry Giles, ” Giles, ” Trump, “, MAGA, David French, ” Mike Rothschild, ”, Appodlachia, Billy Ball Organizations: New, New York CNN, Hurricane, FEMA, The Atlantic, Trump, Republican, CNN, “ Republican, Facebook, North Locations: New York, Georgia, North Carolina, Rutherford County , NC, Lake Lure, “, U.S

☆ Best red carpet looks from the MTV VMAs
▼ + stars: | 2024-09-11 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

See below for some of the red carpet’s best looks so far. Jamie McCarthy/WireImage/Getty ImagesAward host Megan Thee Stallion’s eye-catching gown featured a corseted bodice and flared out above and below the knee. Noam Galai/Getty ImagesLil Nas X’s bold pink outfit left social media users wondering whether he was channeling his inner Power Ranger. Noam Galai/Getty ImagesTaylor Swift. Jamie McCarthy/WireImage/Getty ImagesLenny Kravitz, who was awarded the Best Rock VMA on the red carpet, arrived in a shirtless all-black leather look, complete with matching necktie.

Persons: Donald Trump, Kamala Harris, Gaga’s, Madonna, Megan Thee Stallion, Billie Eilish, BlackPink’s Lisa, Tyla, Andrew Kelly, Katy Perry, Michael Jackson, Valerie Terranova, Scrappy, Jamie McCarthy, Megan Thee, Matt Baron, BEI, GloRilla, Noam Galai, Nas, Taylor Swift, Angela Weiss, Shawn Mendes, Suki Waterhouse, Margaret Qualley, Jack Antonoff, Reuters Halle Bailey, Kevin Mazur, Addison Rae, Anthony Harvey, Shutterstock Doechii, Sean, Camila Cabello, Paris, Nicky Rothschild, Evan Agostini, Halsey, Versace, Elizabeth Hurley, Reuters Anitta, Reuters Quavo, Gilbert Flores, Sabrina Carpenter, Bob Mackie, Shutterstock Chappell Roan, Lenny Kravitz, Walker, Dimitrios Kambouris, Lisa, Blackpink, Shutterstock Damiano David of Måneskin Organizations: CNN, UBS Arena, MTV’s, Getty, Reuters, Paris Hilton, Best, VMA Locations: New York

☆ Eighty-eight corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
▼ + stars: | 2024-09-06 | by ( Megan Cassella | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC. Among the signers are several high-profile CEOs of public companies, including Aaron Levie of Box , Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap . Other signers appear to be issuing their first public endorsements of Harris since she became the de facto Democratic nominee in July. They include James Murdoch, former CEO of 21st Century Fox and an heir to the Murdoch family media empire, and crypto executive Chris Larsen, co-founder of the Ripple blockchain platform. Still more are prominent in Silicon Valley, including the venture capitalist Ron Conway, entrepreneur Mark Cuban and former LinkedIn CEO Reid Hoffman.

Persons: WASHINGTON —, Kamala Harris, Aaron Levie, Jeremy Stoppelman, Yelp, Michael Lynton, Harris, James Murdoch, Murdoch, Chris Larsen, Lynn Forester de Rothschild, José E, Feliciano, Twilio, Jeff Lawson, Ted Leonsis, Kleiner Perkins, John Doerr, Deven Parekh, Jeffrey Katzenberg, Wndr, Laurene Powell Jobs, Dustin Moskovitz, Magic Johnson, Tony James, Blackstone, Bruce Heyman, Goldman Sachs, Peter Orszag, Steve Westly, Ron Conway, Mark Cuban, Reid Hoffman Organizations: WASHINGTON, CNBC, Democratic, Century Fox, Washington Wizards, WNBA's Mystics, NHL's Washington Capitals, Walt Disney Studios, Facebook, NBA Hall of Famer, Jefferson, Lazard, Westly, Tesla Locations: America, California, Capital, Silicon Valley

What comes next could hinge on who gets to oversee labor relations after the election. The National Labor Relations Board — which polices unfair labor practices and mediates worker-management disputes — has become an aggressive union booster under Biden. While the agency’s policies typically shift depending on who’s in the White House, the change has been pronounced, labor experts and former NLRB staffers say. Before joining the law firm in 2022, White worked for a decade at a regional NLRB field office under the Obama, Trump and Biden administrations. Last year, the NLRB overturned a 50-year precedent, requiring employers to recognize a union if most workers sign authorization cards for one.

Persons: Joe Biden’s, —, ”, Michael LeRoy, haven’t, Donald Trump, Kamala Harris, ” LeRoy, “ Biden, Joel White, Fox Rothschild, White, Trump, Peter Robb, Jennifer Abruzzo, “ It’s, Rebecca Leaf, Ballard Spahr, Obama, Leaf, ” White, Kate Bronfenbrenner Organizations: National Labor Relations Board, Biden, NLRB, School of Labor, Employment, University of Illinois, Fox, Obama, Trump, “, Cornell University’s School of Industrial and Labor Relations, Hollywood, United Auto Workers Locations: Detroit, Hollywood, University of Illinois Urbana, Champaign, Biden’s, Buffalo , New York

☆ The methodology behind The Breakthrough polling project
▼ + stars: | 2024-07-30 | by ( Jennifer Agiesta | ) edition.cnn.com time to read: +3 min

CNN —The Breakthrough is a project from CNN, Georgetown University, the University of Michigan, SSRS and Verasight. Each week, 1,000 Americans are asked to share what they have seen, read or heard about major presidential candidates in their own words. Results from the two surveys are combined using SSRS’s Encipher Hybrid methodology for blending probability and non-probability samples. Respondents have also been asked the same question about Biden since the start of the project. To develop topics, topic words are manually identified and augmented with words and topics identified using a combination of Noiseless Latent Dirichlet Allocation (NLDA) and Guided Topic-Noise Model (GTM).

Persons: Joe Biden, Donald Trump, Kamala Harris, Robert F, Kennedy, Jr, Harris, Biden, Lisa Singh, Josh Pasek, Michael Traugott, Budak, RoBERTa pretrained, Jennifer Agiesta, Ariel Edwards, Levy, Edward Wu, Dana Elobaid, Le Bao, Yanchen Wang, Mohamed Ahmed, Akilah Evans, Hope Wilson, Cameron McPhee, Peter K, Enns, Gretchen Streett, Amelia Goranson, Jake Rothschild Organizations: CNN, Georgetown University, University of Michigan, Massive Data, Technical, Science Locations: Verasight

☆ The best Delta customers can hope for is a simple refund
▼ + stars: | 2024-07-23 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. The best Delta customers can hope for is a refund. AdvertisementCompensation policies for cancellations and delays are in the fine print of contracts between airlines and customers buying tickets. For airline customers in the US, Green recommended keeping receipts for tickets, cabs to connecting flights, and other expenses that Delta may reimburse for rebooked flights. Ordinary airline customers, he said, ought to consult their travel insurance policies.

Persons: —, They're, Pete Buttigieg, Mary Schiavo, Schiavo, Motley Rice, Justin T, Green, Mark Dombroff, Fox Rothschild, CrowdStrike, Buttigieg, Delta Organizations: Service, Business, Federal Aviation Administration, US Department of Transportation, Transportation, Falcon, Microsoft, Department of, Airlines, Kreindler LLP, Fox, of Transportation's, of Aviation, Protection, Delta Locations: FlightAware, Federal, Europe, Delta

☆ Why the world is barreling towards a 'food war,' according to one commodity trader
▼ + stars: | 2024-06-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Food wars will rise amid trade barriers and climate risk, Olam Agri's CEO warned. Advertisement"Food wars" are looming over global stability, as trade barriers and the climate crisis strain supply, the head of trading firm Olam Agri warned. We will fight bigger wars over food and water," he said during last week's Redburn Atlantic and Rothschild consumer conference. Though agricultural commodity traders took the blame for rising food costs after Russia's 2022 invasion of Ukraine, the CEO pushed back. Instead, the outbreak of non-tariff trade barriers was likely the chief culprit, with 1,266 curbs proliferating that year.

Persons: —, Sunny Verghese Organizations: Service, The Financial Times, Rothschild Locations: Ukraine

☆ Gen Z's Most Trusted Source for News: Online Comments Sections
▼ + stars: | 2024-06-25 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

Gen Zers, it turns out, are "not on a linear journey to evaluate the veracity of anything." In other words, Gen Zers know the difference between rock-solid news and AI-generated memes. For Gen Z, checking what other people are saying in the comments isn't shallow. The aim is to reach Gen Z readers where they live — scrolling through the comments — and turn them into subscribers. But I'll confess that I worried about the idea that Gen Z checks the comments to decide what to believe.

Persons: Z, Gen, Yasmin Green, Gen Zers, they're, Zers, Jigsaw, it's, they've, bros, influencers, Beth Goldberg, Jigsaw's, It's, Goldberg, Donald Trump, Trump, Z's, Ukraine —, They're, David Rothschild, I'm, ruefully, Adam Rogers Organizations: Media, Google, CNN, The New York Times, Times, NYPD, Research, Microsoft Research, Pew Research Center, Facebook, Business Locations: New York, Ukraine, Russia

☆ The best-performing global bond fund is up 74% over the past year. Here's where it's invested
▼ + stars: | 2024-06-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Gecko Capital's Maunakea Emerging Markets Debt Recovery Fund has delivered an impressive 74% return over the past year, and its fund manager is particularly bullish on two South American economies looking ahead. Maunakea's two largest positions are in Venezuela and Argentina, which Durand considers among "the most attractive and compelling" trades he has ever placed. Elections are expected to be held on 28 July which will be a key moment for investments in the country, according to the fund manager. However, the fund manager is optimistic that Argentina will reverse its economic woes. The next trade Durand said he is eyeing Bolivia, once a market darling that has recently experienced significant problems, for opportunities as its bonds start to trade at discounted levels.

Persons: Jean, Jacques Durand, Durand, " Durand, Edmond de Rothschild, They've, Fitch Organizations: U.S, Edmond, EU, CCC Locations: Venezuela, Argentina, U.S, Venezuelan, Durand, Bolivia

☆ The market is 'definitely biased towards a rally': Investment firm
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is 'definitely biased towards a rally': Investment firmOmar Itani, head of investment advisory at Edmond De Rothschild Middle East, discusses the outlook for U.S. consumer price index data.

Persons: Omar Itani, Edmond De Rothschild Locations: East

☆ A French castle owned by royals and a Rothschild is on the market for $454M — which would make it one of the most expensive homes ever sold
▼ + stars: | 2024-05-07 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

A 12th-century French castle, Château d'Armainvilliers, is being auctioned for around $454 million. The castle was previously owned by King Hassan II of Morocco. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 12th-century castle that once belonged to a Rothschild is being auctioned for a staggering €425 million, or around $454 million. It was once owned by Edmond de Rothschild, before being sold to King Hassan II of Morocco, a spokesperson for Meuwissen told Business Insider.

Persons: Château, King Hassan II, —, Rothschild, Ignace Meuwissen, d'Armainvilliers, Edmond de Rothschild, Meuwissen Organizations: Service, Meuwissen, Business Locations: Morocco, Paris

☆ MTG nodded to her infamous 'Jewish space laser' theory in an amendment meant to mess up sending aid to Israel
▼ + stars: | 2024-04-18 | by ( Kieran Corcoran | Bryan Metzger | ) www.businessinsider.com time to read: +4 min

The Georgia Republican filed an amendment to a $26.38 billion Israel aid bill that would divert some of that funding toward "the development of space laser technology on the southwest border" of the United States. Related storiesIn the case of the "Jewish space lasers," she connected the wildfire to the Rothschild family of Jewish financiers, a favorite target of antisemitic conspiracy theories. The "Jewish space laser" theory has become a staple piece of mockery for those attacking Greene, and is often brought up by reporters. Greene has voted against Israel aid in the past, and she's long been one of the most outspoken opponents of Ukraine aid. She also introduced seven amendments to the Ukraine aid bill, including provisions that would divert money to US disaster zones or force any members of Congress who support the bill to enlist in the Ukrainian military.

Persons: —, Marjorie Taylor Greene, I've, Greene, I’ve, oDeDqTXvQQ —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Service, Georgia Republican, Facebook, Business Locations: Israel, United States, America

☆ Trump-Ally With History of Antisemitic Remarks Could Be North Carolina's Next Governor
▼ + stars: | 2024-03-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

But Robinson's history of antisemitic and other derogatory remarks would loom over his gubernatorial campaign. But his history of antisemitic comments and other derogatory remarks would loom over the race. AdvertisementAs The Washington Post stated, Robinson's history of offensive comments "stand out even in Trump's party." At the time of his election, the Republican Jewish Coalition called Robinson's history of remarks "clearly antisemitic." While many of his remarks were made before he was elected, Robinson made that statement while in office.

Persons: Mark Robinson, Donald Trump, Robinson, —, Martin Luther King, Roy Cooper, Josh Stein, Hitler, Marvel's, Friedrich Engels, Karl Marx, We've, Rothschild, It's, He's, Michelle Obama, HuffPost, Taylor Swift, Bill Cosby, Nixon, Trump, Stein, Pat McCrory's, Republicans hadn't, outraised Robinson Organizations: Gov, GOP, Service, Greensboro City, Democrats, Democratic, Washington Post, Facebook, Israel, Raleigh News, Observer, Republican Jewish Coalition, CNN, Kent State, Politico, Republicans Locations: Carolina, North Carolina, Greensboro, Nazi, Solidarity

☆ How Victoria Beckham fell for Paris
▼ + stars: | 2024-03-04 | by ( Alice Pfeiffer | ) edition.cnn.com time to read: +5 min

Editor’s Note: CNN Style is one of the official media partners of Paris Fashion Week. Paris CNN —Unscathed by the PETA protesters who disrupted her show, Victoria Beckham closed out the fifth day of Paris Fashion Week at the lavish Salomon de Rothschild Hotel on Friday night. At Carven, Louise Trotter, former creative director for Lacoste, presented her first collection for the French heritage house. Off-White creative director Ibrahim Kamara after the presentation of his debut collection for the brand. (British fashion houses including Vivienne Westwood and Paul Smith also relocated to Paris at different stages of their careers.)

Persons: Victoria Beckham, Salomon de Rothschild, Simon Porte Jacquemus, Anna Wintour, Carine Roitfeld, Louise Trotter, Lacoste, Saint Martins, Seán McGirr, Alexander McQueen, Sarah Burton, Ibrahim Kamara, Virgil Abloh’s, Kristy Sparow, Nina Ricci, Harris Reed —, —, ”, … I’ve, Karl Lagerfeld, Yohji Yamamoto, Charles Worth, “, Harris Reed, Victor Virgile, Stella McCartney, Chloé, Lagerfeld, John Galliano, Dior, Phoebe Philo, Kim Jones, Louis Vuitton, Vivienne Westwood, Paul Smith, Serge Carreira, ” Carreira, Yanshan Zhang, Melody Thomas, Parsons Organizations: CNN, Paris, Paris CNN, PETA, French Vogue, Saint, Givenchy, Louis, Dior, Haute Couture, Fashion, Parsons Paris Locations: Paris, French, British, Carven, Central, London, Great Britain, Europe

☆ British banker Jacob Rothschild dies aged 87
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: +2 min

Jacob Rothschild attending the Belle Epoque Gala Dinner at The National Gallery on March 16, 2006 in London, England. British financier Jacob Rothschild, a senior member of one of Europe's best-known banking dynasties, has died at the age of 87, his family announced on Monday. Rothschild was also known for being a long-standing patron of the arts, and was trustee of Britain's National Gallery between 1985 and 1991. Ed Vaizey, Britain's former culture minister, paid tribute to Rothschild on X, describing him as one of the country's greatest cultural philanthropists. The Rothschild banking family traces its roots back to 18th century Frankfurt, from where different family members moved to cities across Europe to build out banking businesses.

Persons: Jacob Rothschild, Rothschild, St James's, Ed Vaizey Organizations: Belle, UK's Press Association, NM Rothschild, Sons, Rothschild Assurance Group, St, RIT Capital Partners, Rothschild Foundation Locations: London, England, British, Israel, NM, Waddesdon, Frankfurt, Europe

☆ CNBC Pro Talks: Fund manager to reveal his favorite 'Magnificent 7' alternatives and more
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: +3 min

From major elections to inflation and recession risks, the world right now is highly unpredictable, according to Freddie Lait of Latitude Investment Management. Join CNBC's Karen Tso as she asks the fund manager how investors should navigate this uncertainty. Lait has been a managing partner at Latitude Investment Management since 2016, before which he was a fund manager at firms including Odey Asset Management and Rothschild Private Management. Join CNBC's Karen Tso as she asks the fund manager how investors should navigate this uncertainty. Join CNBC Pro Talks on Wednesday, Feb. 21, at 12 p.m. GMT / 8:00 p.m. SGT / 7 a.m.

Persons: Freddie Lait, Karen Tso, He'll, Lait, Goldman Sachs, Tesla Organizations: Latitude Investment Management, JPMorgan, Sony, BP, Odey Asset Management, Rothschild Private Management, Morningstar Locations: U.S, China

☆ Tim Cook, Steve Ballmer and Jamie Dimon are among the few US billionaires who didn't found a company or inherit a fortune
▼ + stars: | 2024-02-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewVirtually all of America's billionaires either founded a wildly successful company or inherited a vast fortune. Apple CEO Tim Cook, JPMorgan CEO Jamie Dimon, and former Microsoft CEO Steve Ballmer are among the few exceptions. Ballmer leads the pack with an estimated fortune of $143 billion, according to the Bloomberg Billionaires Index largely due to his near-4% stake in Microsoft. AdvertisementRemarkably, Ballmer ranks sixth on the Bloomberg list, just one spot and $3 billion behind the Microsoft cofounder. Other industry stalwarts include Meta's former operating chief, Sheryl Sandberg ($2 billion), and former eBay CEO Meg Whitman ($3 billion).

Persons: —, Tim Cook, Jamie Dimon, Steve Ballmer, Forbes, Bill Gates, Ballmer, Eric Schmidt, Charles Simonyi, Jeff Rothschild, Jeff Skoll, Sheryl Sandberg, Meg Whitman, Justin Sullivan, Snowflake, Frank Slootman, Apple's Cook, Safra Catz, Lisa Su, Ramzi Musallam, JPMorgan's, Goldman Sachs, Lloyd Blankfein, Tor Peterson, Paul Saville, homebuilder Organizations: Service, Apple, JPMorgan, Business, Bloomberg, Microsoft, Facebook, eBay, Getty Images Tech, Forbes, Oracle, AMD, Veritas Capital, Blackstone, KKR Locations: Silver

☆ McDonald's and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
▼ + stars: | 2024-02-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

McDonald's and Starbucks , two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of McDonald's fell 4% in morning trading Monday, several hours after it reported that a sales slowdown in the Middle East contributed to its fourth-quarter revenue miss. Starbucks CEO Laxman Narasimhan said Tuesday that the company's sales in the Middle East struggled, but boycotts also hurt its U.S. cafes. Unlike Starbucks, McDonald's did not note any effect on its U.S. sales. Yum Brands is scheduled to report its quarterly results on Wednesday, while Restaurant Brands is slated to share its earnings on Feb. 13.

Persons: Laxman Narasimhan, McDonald's, Cowen, Andrew Charles, Chris Kempczinski, Kempczinski, Papa John's, Burger Organizations: U.S, Starbucks, Starbucks Workers, Workers United, McDonald's, Yum Brands, Restaurant Brands, CNBC PRO Locations: Tel Aviv, Israel, Gaza, Malaysia, Indonesia, France, Europe

☆ Ken Griffin is on top of the hedge fund world. Read his memo to the Citadel team.
▼ + stars: | 2024-01-22 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

Read previewAnother big year for billionaire Ken Griffin and Citadel has extended the lead the Miami-based money manager has over its peers. It brought the firm's all-time gains to $74 billion, close to $20 billion more than the two firms tied for second all-time, D.E. The two firms have generated $56.1 billion in profits since they launched, according to the rankings. In an internal memo titled "Citadel Widens Lead as Most Profitable Hedge Fund of All Time," Griffin wrote, "We not only retained the #1 ranking, but we also more than doubled our lead over our closest competitors in the past year." Citadel confirmed the contents of the memo but declined to comment further.

Persons: —, Ken Griffin, Shaw, Ray Dalio's Bridgewater, Edmond de Rothschild, Griffin Organizations: Service, Citadel, Business, LCH Investments, Millennium, Bloomberg, LCH, Fund Locations: Miami, Connecticut, Wellington

☆ Opinion: The real problem the DeSantis withdrawal poses for Haley
▼ + stars: | 2024-01-22 | by ( Opinion David Mark | ) edition.cnn.com time to read: +6 min

And DeSantis himself is no longer around as a political deflector shield as Haley heads into Tuesday’s crucial New Hampshire primary. A CNN poll released Sunday, before DeSantis withdrew from the race, found he was the first choice of 6% of likely New Hampshire GOP primary voters. Another 3% of likely GOP primary voters said they’d vote for someone else. To them, DeSantis dropping out (and quickly endorsing Trump) wouldn’t make Haley look like the safer bet, but Trump. This rally-around-Trump message likely makes Haley supporters even more of an isolated minority in the GOP firmament.

Persons: David Mark, “, Ron DeSantis’s, Nikki Haley, Donald Trump, David Mark DeSantis’s, Haley, DeSantis, Trump, DeSantis’s, DeSantis —, Chris Sununu, Neil Malhotra, David Rothschild, wouldn’t, “ We’re, ” Haley, Biden, it’s, Trump . Sen, Steve Daines, Joe Biden, ”, Daines Organizations: Washington, CNN, Florida Gov, Republican, South, Trump, New Hampshire GOP, University of New, GOP, New Hampshire, Granite State, Trump , New, Trump , New Hampshire Gov, Stanford, Microsoft Research, “, Palmetto State Republican, Trump ., Twitter, Facebook, Senate, National Republican, Committee Locations: crave, Iowa, South Carolina, New Hampshire, University of New Hampshire, Florida, MAGA, New, Granite, Trump ,, Trump , New Hampshire, Trump, isn’t, Palmetto State, Montana

REUTERS/Russell Cheyne/File Photo Acquire Licensing RightsSummaryCompanies Saudi Arabia's PIF buys into Rocco Forte hotel groupPlans to help expand luxury hotel groupItalian investor CDPE checks out of chainDec 4 (Reuters) - Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday. A spokesperson for Rocco Forte Hotels declined to confirm the size of PIF's stake. Rocco Forte Hotels, founded in 1996, operates across Italy, Britain, Germany, Belgium and Russia and has 20 private villas in addition to its hotels. CDPE, which owned a 23% stake in Rocco Forte Hotels, is owned by Italy's state-backed fund CDP. Rocco Forte, which was advised by Rothschild, reported revenues of around 300 million pounds last fiscal year, with a core profit of around 60 million pounds, according to a source.

Persons: Russell Cheyne, Companies Saudi Arabia's PIF, Rocco Forte, CDPE, Olga Polizzi, Forte, Rocco Forte Hotels, Al Nowaiser, PIF, Rothschild, Yadarisa, Elisa Anzolin, Keith Weir, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Alex Richardson Organizations: REUTERS, Companies Saudi Arabia's, Saudi Arabia's, Rocco Forte Hotels, Financial Times, Granada, Thomson Locations: Balmoral, Scotland, Edinburgh, Britain, Saudi, Italy, Germany, Belgium, Russia, Milan, Sardinia, Italy's, SAUDI ARABIA, Saudi Arabia, Bengaluru, London

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