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Dollar firms as commodities slide and carry unwinds
  + stars: | 2024-07-24 | by ( ) www.cnbc.com   time to read: +3 min
Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.
Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia
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NICE, France — The Olympic women’s soccer tournament is starting with some unexpected drama, following a complaint from New Zealand’s Olympic Committee concerning a potential attempt at spying on a training session ahead of the Paris Games. A drone was flown over a Ferns training session in Saint-Étienne, France, on Monday, New Zealand’s Olympic Committee (NZOC) said in a statement Tuesday. The NZOC logged the incident to the International Olympic Committee (IOC) integrity unit and asked Canada’s Olympic Committee for a review. AdvertisementNew Zealand and Canada are in Group A for the Olympic tournament, along with France and Colombia. Canada is currently ranked eighth in the world, according to FIFA, while New Zealand is ranked 28th.
Persons: , Gabriel Attal, Jean, Pierre Clatot Organizations: New Zealand’s, Paris Games, Ferns, New, Olympic, Women’s Football, International Olympic Committee, Canadian Olympic Committee, Canada Soccer, Zealand women’s, COC, IOC, FIFA, New Zealand, Getty Locations: France, Saint, Zealand, Canada, Colombia, Paris, New Zealand, New, AFP
Aeroplan Credit Card Review 2024
  + stars: | 2024-07-23 | by ( Jasmin Baron | Angela Fung | Sarah Silbert | ) www.businessinsider.com   time to read: +25 min
It's not often an airline credit card makes waves with a strong welcome bonus and completely unique benefits, but the Aeroplan® Credit Card has managed to do just that. Aeroplan Credit Card OverviewThe Aeroplan® Credit Card has a welcome bonus offer of 70,000 points after you spend $3,000 on purchases in the first three months from account opening. Aeroplan Credit Card RewardsAeroplan Card welcome bonus offerThe Aeroplan® Credit Card is offering 70,000 points after you spend $3,000 on purchases in the first three months from account opening. Aeroplan Credit Card Annual Fee and Other CostsThe Aeroplan® Credit Card charges a $95 annual fee, but you won't pay foreign transaction fees, which makes it a good card to use when you're traveling internationally. Methodology: How we reviewed the Aeroplan cardBusiness Insider's credit cards team reviewed the Aeroplan® Credit Card in comparison to other top airline credit cards available right now.
Persons: It's, Chase, , cardholders, Cardholders, there's, you've, Aeroplan Organizations: Business Insider, Citi, Mastercard, Air Canada, Air, Star Alliance, Chase, FDIC, TSA, Citi ®, Canada, American Express, Business, Cardholders, Target, Walmart, Air Canada Aeroplan, United, ANA, Etihad, Gulf Air, US, Cruises, Discount, Air Canada Express, Air Canada Rouge, Chase TravelSM, TD Bank, CIBC Locations: Air Canada, cardholder, rideshares, GOL, North America, Mexico, Central America, Caribbean, Europe, Coast, Hawaii, Asia, Canada, Amex
CNN —Canadian Olympic chiefs have apologized after a member of staff for their women’s soccer team allegedly flew a drone over a New Zealand team training session, three days before they face each other at the Paris Games. The Canadian Olympic Committee (COC) acknowledged that “a non-accredited member of the Canada Soccer support team was detained by French authorities” after a complaint was made by New Zealand Football. Defending Olympic champions Canada are set to play New Zealand on Thursday in a group-stage game. In its statement, the COC said it “stands for fair-play and we are shocked and disappointed.”“We offer our heartfelt apologies to New Zealand Football, to all the players affected, and to the New Zealand Olympic Committee. Olympic champions Canada are set to play New Zealand in a group-stage game in Saint-Étienne.
Persons: , , Tullio M, Paulo Senra Organizations: CNN, Canadian Olympic, soccer, New, Paris Games, Canadian Olympic Committee, Canada Soccer, New Zealand Football, Olympic, Canada, New Zealand, COC, New Zealand Olympic, IOC, Committee, FIFA, football, Team Canada, , Women’s, ” New Zealand Football, Paris Locations: New Zealand, Saint, Paris, Canadian, Puglia, Canada
But the mercurial billionaire was once a skeptic — and very vocal about why he thought Trump shouldn't govern the US. Back in July 2022, Musk criticized Trump after the former president called him a "bullshit artist" during a rally in Alaska. Musk later said in a follow-up post the same day that having Trump as president would result in "too much drama." Musk would go on to host DeSantis' campaign launch on X in May 2023, which was riddled with technical glitches and delays. The pair got closer this year, eventually culminating in a full-throated endorsement of Trump from Musk after Trump survived a failed assassination attempt on July 13.
Persons: , Elon, Donald Trump's, Trump, Musk, Ron DeSantis, DeSantis, Reid Hoffman, Vinod Khosla, Vance, Vinod, Vance LFG, Jordan Peterson, it's, we've, @jordanbpeterson Organizations: Service, Business, Trump, Gov, Biden, Musk, Democratic Party, Republican Party, BI Locations: Alaska, Florida, United States of America, Gigafactory Texas
CNN —Veteran environmentalist Paul Watson was arrested in Greenland on Sunday and faces possible extradition to Japan allegedly over anti-whaling activities in the Antarctic years ago, his organization said in a statement. The ship John Paul DeJoria and a 25-member crew were en route from Dublin, Ireland to the North Pacific to intercept Japan’s newly launched $48 million factory whaling ship the Kangei Maru, CPWF said. In a statement, Greenland police said they arrested Watson upon his arrival in Nuuk due to a Japanese arrest warrant. His foundation believes the arrest “is connected to a previous Red Notice issued for Watson’s anti-whaling activities in the Antarctic.”“This development comes as a surprise since the Foundation’s lawyers had reported that the Red Notice had been withdrawn. “Japan has never given up on its whaling ambitions,” Watson told CNN at the time.
Persons: Paul Watson, Captain Paul Watson, John Paul DeJoria, CPWF, , cuffing Paul Watson, Locky MacLean, Watson, Captain Watson, Kaisha, Shepherd, Kyodo Senpaku, , ” Watson, Takaaki Sakamoto, Hideki Tokoro, ” Tokoro Organizations: CNN —, Captain Paul Watson Foundation, Greenland police, ” Ship, Police, Japan Coast Guard, CNN, Interpol, Greenpeace, Shepherd Conservation Society, Japan’s Institute of Cetacean Research, Kyodo, Whaling Affairs, Japan’s Fisheries Agency, Kangei, Commission, IWC Locations: Greenland, Japan, Nuuk, Dublin, Ireland, Pacific, Shepherd, Germany, Costa Rica, Guatemala, United States, Australia, Norway, Iceland, Kangei
Katie Ledecky’s first question was quintessential Katie: Hey, I’m coming home to Maryland for a few days in May. And he watched 27-year-old Katie Ledecky work the room, taking photos with those who asked and speaking with people from all walks of life. The little girl who once dressed up as Katie Ledecky for Halloween qualified to be part of the women’s 4×200-meter freestyle relay with her. Katie Ledecky, right, embraces Erin Gemmell after the 200-meter freestyle at the U.S. Olympic trials. Katie Ledecky shows off her gold medal from the 800-meter freestyle at the Tokyo Olympics in 2021.
Persons: Bruce Gemmell, Katie Ledecky’s, Katie, I’m, you’d, ” Gemmell, , , Joe Biden, Gemmell, Biden, Katie Ledecky, Nancy Pelosi, it’s, , Erin, Ledecky, she’d, Erin Gemmell, Gemmell’s, Sarah Stier, She’s, ” Erin, It’s, Andrew, Erin can’t, can’t, Erin isn’t, she’s, ” Bruce Gemmell, ” Ledecky, Alex Shackell, Claire Weinstein, Katie Grimes, Larisa Latynina, Summer McIntosh, She’ll, Oli Scarff, doesn’t, you’re, I’ve, Yuri Suguiyama, That’s, London …, Eamonn Dalton, Al Bello Organizations: Paris, London Olympics, Rio Games, U.S . Olympic, Olympic, U.S, Team USA, Los Angeles Olympics, Paris Games, Tokyo, Getty, London Locations: Maryland, Delaware, London, Indianapolis, Paris, North Carolina, Croatia, Soviet Union, Australia, AFP, Rio de Janeiro
Prime Minister of Canada Justin Trudeau arrives for a meeting at the 2024 North Atlantic Treaty Organization (NATO) Summit in Washington, DC on July 11, 2024. “Many strong decisions have been made in recent years and they will be remembered as bold steps taken by President Biden in response to challenging times,” Zelensky said on X. “We will always be thankful for President Biden’s leadership.”President of Ukraine Volodymyr Zelensky during a press conference on July 15, 2024 in Kyiv, Ukraine. But he has increasingly clashed with Israeli Prime Minister Benjamin Netanyahu over humanitarian aid and the mounting civilian death toll of the conflict. Israeli President Isaac Herzog speaks to the media following a meeting with US President Joe Biden at the White House on July 18, 2023.
Persons: Joe Biden, Kamala Harris, Donald Trump, Biden, Canada Justin Trudeau, Kent Nishimura, Keir Starmer, ” Starmer, Justin Trudeau, , He’s, Anthony Albanese, , Volodymyr Zelensky, ” Zelensky, Biden’s, Ukraine Volodymyr Zelensky, Vitalii, Isaac Herzog, Yoav Gallant, X, Benjamin Netanyahu, Netanyahu, Simon Harris, Kevin Dietsch, Nicolas Maduro, Donald Tusk, ” Tusk, Xi Jinping, “ Biden, China’s, Trump Organizations: CNN, US, Democratic, Republican, Atlantic Treaty Organization, NATO, Getty, British, Canadian, Australian, Russia, Israeli, White, Trump Locations: Canada, Atlantic, Washington , DC, Washington, United States of America, Ukraine, Kyiv, Israel, Gaza, Irish, Venezuelan, Polish, Poland, America, Weibo
CNN —A British-Canadian couple who were attempting to sail across the Atlantic have been found dead on an island off the east coast of Canada. The couple left Halifax Harbour, Nova Scotia on June 11 en route to the Azores, a group of Portuguese islands in the mid-Atlantic, around 2,000 miles away. It is not clear why the couple abandoned the Theros and got into a lifeboat. They stayed in touch after Clibbery moved back to Canada and Packwood visited him in Salt Spring Island near Vancouver, where the Theros was docked, in spring 2016. “He took me on my first ever yacht trip and I loved it,” Packwood told The Guardian.
Persons: CNN —, Brett Clibbery, Sarah Packwood, Clibbery’s, James, Packwood, , , ” Clibbery, Clibbery, ” Packwood, “ Brett Organizations: CNN, SV Theros, Royal Canadian Mounted Police, RCMP, Halifax Harbour, Maritime Museum, Facebook, YouTube, Guardian Locations: Canada, , Nova Scotia, Halifax, Halifax Harbour , Nova Scotia, Azores, London, Britain, Salt, Vancouver
The bodies of two sailors who planned to sail from Nova Scotia to the Azores using green energy were found washed ashore at a Canadian national park this month, four weeks after they were last seen, the authorities said. The Royal Canadian Mounted Police responded to calls on July 10 that a 10-foot inflatable lifeboat containing human remains had been discovered on Sable Island National Park Reserve, according to a news release from the agency. The authorities did not identify the remains, but said they believed they were those of a 70-year-old man and a 60-year-old woman from British Columbia. A Facebook post by the man’s son, James Clibbery, later identified them as James Brett Clibbery and his wife, Sarah Justine Packwood, who had left Halifax Harbor in Nova Scotia on June 11 bound for the Azores. “The past few days have been very hard,” the younger Mr. Clibbery said in the post, adding that DNA tests would be carried out to confirm their identities.
Persons: James Clibbery, James Brett Clibbery, Sarah Justine Packwood, Clibbery, Organizations: Royal Canadian Mounted Police, Reserve, Halifax Locations: Nova Scotia, Azores, Canadian, Sable, British Columbia
Learn moreThe US version of Big Brother is back, and things are already heating up just one week in. Keep reading to learn where to watch Big Brother, including a free streaming option for Season 26. The US version is just one of many global iterations of Big Brother to crop up following the franchise's first Dutch installment in 1999. Where to watch Big Brother in the USNew episodes of Big Brother air on Sundays, Wednesdays, and Thursdays at 9 p.m. Check price at FuboWhere to watch Big Brother in CanadaWhile Canada has its own Big Brother, it's currently in the offseason.
Persons: Big, Julie Chen Moonves, they're, it's, you'll, They're, ExpressVPN Organizations: Business, CBS, Paramount, Showtime, NFL, Nickelodeon, Comedy Central, BET, MTV, Global, Global TV Locations: Canada, Canadian
The Aeroplan® Credit Card earns points directly, or you can transfer flexible points to Aeroplan. Using Aeroplan credit cardsThe Aeroplan® Credit Card is the only U.S. credit card that earns Aeroplan points directly. Aeroplan® Credit Card cardholders can also redeem Aeroplan points toward any eligible travel purchase through Chase Pay Yourself Back. So if you transferred 60,000 Marriott Bonvoy points, you'd end up with 20,000 Aeroplan points, plus a 5,000-point bonus for a total of 25,000 Aeroplan points. Aeroplan Rewards frequently asked questionsHow can I earn Aeroplan points without flying?
Persons: we'll, Aeroplan, Chase, It's, cardholders, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you’re, Bilt, Experian, TransUnion ™, Equifax, , Hilton Organizations: Business, Business †, Marriott, Air Canada, Star Alliance, Read, Rewards, Canada, United Airlines, Lufthansa, ANA, Air, Air Canada Flying Air, Travelers, Air Canada Partner Airlines Aegean Airlines Aer Lingus Air China Air, Air Dolomiti Air India Air Mauritius Air New Zealand Air Serbia All Nippon Airways, Austrian, Avianca Azul, Airlines Bamboo Airways, Calm, North Cathay, Central Mountain Air Copa Airlines Croatia Airlines Egyptair Emirates Ethiopian Airlines Etihad Airways, GOL, Air Juneyao Airlines, Polish Airlines Lufthansa Middle East Airlines Olympic Air Oman Air PAL Airlines Scandinavian Airlines Shenzhen Airlines Singapore Airlines South African Airways SriLankan Airlines, TAP Air, Turkish Airlines United Virgin Australia Vistara, United, Air New Zealand, American Express, Chase, FDIC, Singapore Airlines, Global, TSA, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Saks Fifth, Capital, One, Premier, Chase Travel, Sapphire, Hotel, Chase Sapphire Reserve, Aeroplan, ™ Card, Mastercard, Alliance, Coast Hotels, Hilton Honors, Radisson, Wyndham, Avis, Budget, Apple, JetBlue, Fly United, All Nippon Airways Locations: Canada, Canadian, United, Air Canada, Air Canada Flying Air Canada, U.S, cardholder, Singapore Airlines ., rideshares, Hulu, Aeroplan, Alaska, Hyatt, America, Mexico, Central America, Caribbean, Europe, East, Africa, India, Asia, Oceania, Australia, New Zealand, South America, North America, West Coast, Hawaii, Seattle, Vancouver, Tokyo, Frankfurt, Chevron
Canadian Prime Minister Justin Trudeau called Biden "a true friend" and a "partner to Canadians." "I've known President Biden for years. To President Biden and the First Lady: thank you," Trudeau wrote in an Instagram post. Biden's "difficult" decision was acknowledged by Polish President Donald Tusk and Czech Prime Minister Petr Fiala as driven by the larger interest of the U.S."Dear President @JoeBiden. "We will always be thankful for President Biden's leadership.
Persons: Joe Biden, Kamala Harris, Biden, Donald Trump, Justin Trudeau, He's, , Trudeau, Keir Starmer, Biden's, Donald Tusk, Petr Fiala, @JoeBiden, You've, Tusk, Anthony Albanese, Yoav Gallant, Gallant, Volodymyr Zelenskyy, Dmitry Peskov, Peskov, Barack Obama, Obama Organizations: College of Southern, Sunday, Democratic Party, Canadian, Czech, Israeli, Kremlin Locations: College of Southern Nevada, Las Vegas , Nevada, Poland, America, U.S, Israel, Gaza, Moscow, Ukraine, Russian
AdvertisementPornhub, launched in 2007 and based in Montreal, lets users upload amateur and professional porn videos in much the same way users upload to YouTube. "Performers" remain unverified in many thousands of pre-2024 videos, including those that pop up from search terms involving teens and violence, Mickelwait told Business Insider. Lawsuits and monitoringAn ever-growing number of lawsuits by some 300 plaintiffs allege the site knowingly profited from videos of their abuse. An excerpt from a federal judge's November order granting class-action status to one of dozens of Pornhub lawsuits. AdvertisementMost recently, she said, she reported to state authorities the Pornhub video showing a woman shouting in pain and asking not to be filmed.
Persons: , Laila Mickelwait, She's, Mickelwait, It's, Pornhub, Sarah Bain, Aylo —, Rocky Shay Franklin, Nicholas Kristof, Bill Ackman, MindGeek, Netflix —, Laila, Mike Bowe, I've, Bowe, kG2TK2R8sj, Cormac J, Carney, Serena Fleites, Fleites, Bain, Cherie DeVille, Mike Stabile, Stabile Organizations: Service, Business, Ethical Capital Partners, Random House, Justice Defense Fund, Sunday Times, New York Times, Heinz, Unilever, KY, Pornhub, Netflix, Mastercard, Visa, Capital, US, Free Speech Coalition Locations: Montreal, Pornhub, Alabama, Florida, London, Manhattan, California, Bowe's, Bakersfield , California
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Geneviève Laforce, a 24-year-old content creator from Montreal, whose partner grew up wealthy. We've learned that managing a relationship with someone who grew up so differently requires constant compassion and open communication. I've been able to broaden her worldview and provoke a deeper sense of compassion for those who are struggling. If money complicates your relationship and you want to tell your story, please email Tess Martinelli at tmartinelli@businessinsider.com.
Persons: , Geneviève Laforce, It's, We've, isn't, I've, she's, They've, Tess Martinelli Organizations: Service, Business Locations: Montreal, tmartinelli@businessinsider.com
It is the “Wild West” of Canada’s political system, a “critical gap” in its democracy. But Canadian political leaders — and some foreign nations — are big fans. Canadian elections have long rested on what many experts say is an undemocratic foundation: opaque nomination races in which political parties select their candidates for general contests in a process mystifying to most Canadians. “After Tammany Hall, the U.S. went through a series of reforms that resulted in the modern primary system,” said Michael Chong, a high-ranking lawmaker from the Conservative Party. “But our system is largely based on a 19th-century system.”
Persons: , , , Michael Chong Organizations: Party, Tammany Hall, Conservative Party Locations: U.S
But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, , Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin
As the 2024 market rally broadens out, some small-cap stocks are poised to do better than others. But with interest rate cuts on the horizon, the prospects for small-cap stocks have improved in recent weeks. The Russell 2000 small-cap index has already risen more than 6% in July alone. Against that backdrop, CNBC Pro screened for the small-cap stocks that could be poised for a boost. "We believe near-term expectations are reasonable, and given the stock's negative sentiment and recent market volatility, we decided to move to the sidelines," wrote analyst Chris O'Cull.
Persons: Russell, tickers, Stifel, Chris O'Cull, Logan Reich, Reich, Shutterstock, Nick Wells Organizations: Nvidia, CNBC Pro, Papa John's, RBC Capital Markets, Canadian, Janus International, MGP
FIFA selected On Location to be the exclusive hospitality provider for the event, which will take place from June 11 to July 19, 2026. It will be the largest World Cup ever held, hosted across 16 cities in the three countries and featuring 104 matches from 48 teams. "In the United States there's a big demand for unique experiences and curated moments — sports tourism is booming," Jernigan said. Roughly seven million tickets are expected to be available for the 2026 World Cup, and approximately one million premium tickets will be sold as part of hospitality packages. "We think the World Cup is the ultimate expression of the sport and it'll be an incredible opportunity for the fans to experience it — we can give them something that's never been done before."
Persons: Taylor Swift, CCO Scott Jernigan, Jernigan, Jay Berhalter, Berhalter, that's Organizations: CCO, FIFA, NFL, Super, Endeavor, NCAA, UFC, MLB, IOC, Olympic Games, Games, Major League Soccer, MLS Locations: Europe, North America, U.S, Canada, Mexico, United States, Paris, Los Angeles
Bob Newhart Holds Up.
  + stars: | 2024-07-18 | by ( Jason Zinoman | ) www.nytimes.com   time to read: +1 min
Bob Newhart, who died on Thursday at the age of 94, has been such a beloved giant of popular culture for so long that it’s easy to forget how unlikely it was that he became one of the founding fathers of stand-up comedy. Before basically inventing the hit stand-up special, with the 1960 Grammy-winning album “The Button-Down Mind of Bob Newhart” — that doesn’t even count his pay-per-view event broadcast on Canadian television that some cite as the first filmed special — he was a soft-spoken accountant who had never done a set in a nightclub. That he made a classic with so little preparation is one of the great miracles in the history of comedy. A Roman Catholic from the west side of Chicago, Newhart came off as an entirely respectable example of Midwestern nice. Newhart brought his own kind of neurosis, a comedy rooted in nuanced deadpan and silence.
Persons: Bob Newhart, Bob Newhart ”, Lenny Bruce, Mort Sahl, Newhart, Shelley Berman, Organizations: Catholic Locations: Chicago
Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. "This led us to temporarily set aside any potential organizational changes that would typically follow a major acquisition." Penn went on to say it's embarking on a new phase of growth in its interactive business, which include ESPNBet, a $2 billion branding partnership with Disney's ESPN. Penn's release of new ESPNBet features this fall during football season should meaningfully improve its product, Jonas said, and a focus on costs indicate the company's commitment to seeing its investment yield results. Truist has a buy rating on Penn and a price target of $25.
Persons: Jay Snowden, theScore, Snowden, Penn, it's, Barry Jonas, Jonas, Truist Organizations: ESPN, Penn Entertainment, ESPNBet, PENN, CNBC, Disney's ESPN, Donerail, Penn, ESPN Bet Locations: New York
DETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub. The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford's Oakville Assembly Complex in Ontario, Canada, Ford said Thursday. The remaining investment will be used to increase production at supporting facilities in the U.S. and Canada, the company said. Ford currently produces Super Duty trucks – the larger siblings of the F-150 full-size pickup used largely by commercial and business customers – at plants in Ohio and Kentucky. Ford said the Canadian plant, which is expected to come online in 2026, will add capacity of roughly 100,000 units annually.
Persons: Ford, Jim Farley Organizations: DETROIT, Ford, Kentucky, Plant, Ford Pro Locations: Canadian, Oakville, Ontario, Canada, U.S, Ohio, Kentucky
Two Canadians died from infections caused by listeria after drinking popular milk substitutes based on almonds, oats, cashews and coconuts that were sold under the Silk and Great Value brands, the country’s health department said Wednesday night. Another 10 infections, most of them affecting residents of Ontario, have been confirmed by laboratory tests, the department, Health Canada, said in its health notice. But she said the plant is in Ontario and that none of the products were distributed outside of Canada. Because of Canada’s privacy laws, no personal information about the victims was released. The refrigerated plant-based products are sold in milk cartons and are viewed by some as a healthier alternative to cows’ milk.
Persons: Jennifer Vincent Organizations: Value, Health, Danone, Canada Food Inspection Agency, Canadian, Evian Locations: Ontario, Health Canada, Canada
Investors could be "significantly" undervaluing CAE stock, a Canadian aerospace training and simulation company, according to Goldman Sachs. In a recent report, the Wall Street investment bank reiterated a buy rating on CAE, which operates two primary businesses: civil aviation and defense. In the report, Poponak analyzed both CAE's civil aviation and defense businesses in isolation and compared to competitors. The civil aviation segment's growth and margin profile isn't accurately reflected in CAE's current valuation multiple, the analyst added. CAE's valuation seems to reflect that investors have assigned the defense business little to no value, Poponak wrote.
Persons: Goldman Sachs, Noah Poponak's, Poponak, — CNBC's Michael Bloom Organizations: CAE, Wall Locations: Canadian, U.S
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