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☆ Disney shares tumble on light guidance. But here's why we're raising our price target
▼ + stars: | 2024-05-07 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Disney Why we own it: We value Disney for its best-in-class experiential entertainment Parks business, which has proven to have immense pricing power. In the second quarter, the combined business — Disney+, India's Disney+ Hotstar, Hulu and ESPN+ — saw losses of $18 million, far better than the $659 million loss in the year-ago period. DTC profitability benefited from Disney+ core subscriber growth, higher retail subscription prices, increased advertising revenue on the back of higher impressions, and lower distribution costs. Clearly, Disney still has a big opportunity in sports as they execute on their DTC streaming strategy for ESPN. The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.

Persons: —, Nelson Peltz, wouldn't, Hugh Johnston, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Club, Revenue, LSEG, Disney, Parks, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, CNBC, seasonality, Entertainment, Hulu, Hulu Live, Sports ESPN, College Football, National Football League, Walt Disney World, Disney Cruise, Disneyland, Hong Kong, Getty Locations: Hulu, India, Florida, California, Hong, Los Angeles

International humanitarian officials said the military operation had halted the flow of aid from Egypt into Gaza, exacerbating extreme hunger and privation in the besieged territory. “The situation is catastrophic in every sense of the word,” said Dr. Suhaib Hems, the head of Kuwait Hospital in Rafah, adding that 27 bodies and 150 wounded people had been brought to his facility since Israeli tanks entered the city. The Israeli military said it had killed about 20 people in Rafah, describing the dead as Hamas militants. Hamas said it had fired on Israeli soldiers on Tuesday at another vital aid crossing, near Kerem Shalom, along Gaza’s southern border with Israel. The Israeli military said that four mortar shells and two rockets had been launched toward Kerem Shalom from Rafah but that no injuries or damage were reported.

Persons: ”, Suhaib Hems Organizations: International, Kuwait Hospital Locations: Rafah, Gaza, Egypt, Kerem Shalom, Israel, Shalom

Israeli warplanes pounded targets in the southern Gaza city of Rafah on Monday as the military told about 110,000 people sheltering there to evacuate. Many people began to leave, fearing that Israel was moving ahead with its long-planned invasion of Rafah, despite stiff international pressure. A military spokesman would not say when troops might enter the crowded city, but described the evacuation as part of Israel’s plans to dismantle Hamas and to free hostages taken on Oct. 7. Hours after the evacuation order, the political leader of Hamas, Ismail Haniyeh, issued a statement that the group had accepted a new cease-fire proposal from Qatar and Egypt, which have acted as intermediaries in peace talks. The group and Israeli officials said it was not referring to the proposal that Israel recently agreed to, leaving the conflict unresolved.

Persons: Israel, Benjamin Netanyahu’s, “, Ismail Haniyeh Organizations: Hamas Locations: Gaza, Rafah, Qatar, Egypt, Israel

☆ Palestinians fleeing Rafah describe their fear and despair: ‘I am leaving for the unknown’
▼ + stars: | 2024-05-06 | by ( Helen Regan | ) edition.cnn.com time to read: +8 min

CNN —Palestinian civilians told to evacuate eastern Rafah by the Israeli military have described their fear and despair at being uprooted from their homes and shelters, as Israel airstrikes hit Gaza’s southernmost city. “We left because they distributed leaflets,” Mohammed Ghanem, a resident in eastern Rafah told a CNN stringer in the area on Monday. They are killing women and children.”Another woman from eastern Rafah said, “The Israelis sent us messages ordering us to leave. It is not only my feeling, it is everyone’s feeling.”Many of those leaving eastern Rafah have been previously displaced multiple times as Israel’s focus moved from city to city. A woman called Maha said Palestinian civilians were at the mercy of the Israeli military.

Persons: ” Mohammed Ghanem, “, ”, Ghanem, Khan Younis, Ramadan Abed, Volker Türk, Faisal Barbakh, Malek, Yousef, ’, Mohammad Abu Khamash, It’s, ” Scott Anderson, Jan Egeland, Ahmad Safi, Safi, Abu Salah, Maha Organizations: CNN, Reuters, United Nations, Norwegian Refugee Council, Israel Defense Forces, Frontieres, ” MSF, UN Children’s Fund, UNICEF, UN, Palestinian Civil Defense Locations: Rafah, Israel, “, Mawasi, Gazan, Rafah’s, Gaza, ”, Israeli, Palestinian

☆ Hamas’s announcement adds to the uncertainty of the cease-fire talks.
▼ + stars: | 2024-05-06 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +1 min

The announcement by Hamas on Monday that it had accepted terms of a cease-fire added to the uncertainty that began over the weekend, when officials said that the armed group and Israel had reached an impasse after months of talks. As if to underscore that the fighting would continue, Hamas militants on Sunday launched rockets from Rafah, their last stronghold in Gaza, killing four Israeli soldiers. The terms Hamas had agreed to were not immediately clear, but a senior Israeli official quickly said that the terms were not those that Israel had agreed to. Hamas wants a permanent cease-fire. Israel wants a temporary truce.

Persons: Israel, Ismail Haniyeh Organizations: Sunday, Hamas Locations: Israel, Rafah, Gaza, Egypt, Qatar, Israeli, United States

☆ Madonna concert attracts 1.6 million to Brazil’s Copacabana beach
▼ + stars: | 2024-05-05 | by ( ) edition.cnn.com time to read: +2 min

More than a million people thronged Brazil’s Copacabana beach for a free Madonna concert on Saturday, braving the heat to see the end of her “Celebration” world tour. The sand and oceanfront boulevard around Rio de Janeiro’s famed beach were filled for several blocks by a crowd the city estimated at 1.6 million. Rio’s state and city governments said they spent $3.9 million on the concert. Rio’s state and city governments said they spent 20 million reais ($3.9 million) on the concert, while the rest was financed by private sponsors. The authorities estimate the concert could bring about 300 million reais to Rio’s economy.

Persons: Mauro Pimentel, “, ” Madonna, Anitta, Pabllo, Rod Stewart, Taylor Swift Organizations: Rio de, Firefighters, Vogue Locations: Rio, AFP, Brazilian

In flip-flops and shorts, one of the finest soldiers in a resistance force battling the military junta in Myanmar showed off his weaponry. Nearby, electrical innards foraged from Chinese-made drones used for agricultural purposes were arrayed on the ground, their wires exposed as if awaiting surgery. Other parts needed to construct homemade drones, including chunks of Styrofoam studded with propellers, crowded a pair of leaf-walled shacks. Despite the ragtag conditions, rebel drone units have managed to upend the power balance in Myanmar. By most measures, the military that wrested power from a civilian administration in Myanmar three years ago is far bigger and better equipped than the hundreds of militias fighting to reclaim the country.

Persons: Ko Shan Organizations: Karenni Nationalities Defense Force Locations: Myanmar

☆ Borneo over Bali? Here are 5 'destination dupes' for travelers who want unique getaways without the crowds
▼ + stars: | 2024-05-04 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Matt Berna of Intrepid Travel said young travelers seek immersive, unique experiences. Some are skipping popular tourist spots in favor of so-called "destination dupes." According to Berna, young travelers aren't bogged down by FOMO — or the "fear of missing out" — that influenced older generations. AdvertisementThat's why more young folks are booking so-called "destination dupes," alternative vacation spots that are more affordable and less crowded than the well-known locations. Intrepid Travel compiled a list of destination dupes travelers should consider this year.

Persons: Matt Berna, —, Berna, aren't, FOMO — Organizations: Intrepid Travel, Service Locations: Seoul, Tokyo

☆ 6 tips to beat the crowds at national parks, from a couple who visited all 63 of them
▼ + stars: | 2024-05-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Matt and Karen Smith, college sweethearts, quit their jobs in 2010 to visit every US national park. The Smiths shared their best tips for avoiding crowded national parks. Last year, the National Parks Service reported that over 325 million people visited at least one of the national parks in the US, a 4% jump from the previous year. But, according to Matt and Karen Smith, a couple who has been to every major US national park, there are several ways to avoid falling into a throng of tourists. This story is available exclusively to Business Insider subscribers.

Persons: Matt, Karen Smith, — Organizations: Smiths, Service, National Parks Service, Business

☆ 25 of the wildest celebrity moments in Met Gala history
▼ + stars: | 2024-05-03 | by ( Sam Gutierrez | ) www.businessinsider.com time to read: 1 min

Gwyneth Paltrow vowed not to return after the 2013 event, but she came back anyway. Gwyneth Paltrow at the 2013 Met Gala. Jamie McCarthy/Getty ImagesIn a 2013 interview with USA Today, Gwyneth Paltrow vowed that she wouldn't return to the Met Gala after that year's event. She posted an Instagram of herself at her first Met Gala in 1995 with the hashtag "#fullcirclemomentcomingup" before attending the event. It's unclear exactly what made her return, but in 2017, she was also partnering up with Anna Wintour — who chaired the Met Gala for several years — for a quarterly print version of her Goop website.

Persons: Gwyneth Paltrow, Jamie McCarthy, I'm, Anna Wintour — Organizations: USA

To parse the different regional roller skating styles in metro Atlanta rinks, watch the traffic patterns. Skaters in the New York-New Jersey-style bobbed steadily and pivoted in tight circles at the center of the crowded rink. A critical mass of skaters doing Chicago’s brand of fluid, James Brown-inspired footwork, or JB skating, carved a jet stream between the crowds. It was the warm-up party for the Jivebiscuit Skate Family Reunion, one of the longest-running national gatherings of Black roller skaters. The 17-year-old event, held in February, is one of several annual parties that have made Atlanta a skating hub, bolstered by a steady, decades-long influx of Black residents from other cities.

Persons: James Brown Organizations: Atlanta Locations: Atlanta, Smyrna, Ga, New York, New Jersey

☆ Amgen scraps experimental weight loss pill, moves forward with injection
▼ + stars: | 2024-05-02 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Amgen on Thursday said it will stop developing its experimental weight loss pill and instead move forward with its injectable drug and other products in development for obesity. Amgen is developing an injectable obesity treatment called MariTide, which is an ongoing mid-stage trial in obese or overweight adults without diabetes. The drugmaker's oral drug, called AMG-786, is the second weight loss pill to be discontinued over the last year. Investors are laser-focused on Amgen's pipeline of experimental weight loss treatments. Amgen's injectable treatment also appears to help patients keep weight off after they stop taking it based on some clinical trial data.

Persons: Amgen, Eli Lilly, Jay Bradner, Novo Nordisk's Wegovy, Eli Lilly's Zepbound, Zepbound Organizations: Novo Nordisk, Pfizer, Novo Nordisk's Locations: Amgen, Thousand Oaks , California, MariTide, Novo

☆ A millennial living with his parents decided it was time to leave the nest, so he bought and fixed up a crumbling $192,000 house in Malaysia
▼ + stars: | 2024-05-01 | by ( Amanda Goh | ) www.businessinsider.com time to read: +7 min

Read previewWhen the pandemic hit Malaysia in 2020, Kenneth Tan realized he needed his own space. Kenneth Tan Kenneth TanAlthough high property prices in major cities have made it difficult for many young Malaysians to buy their own homes, it's unclear what percentage of millennials still live with their parents in Malaysia. Kenneth Tan"I wanted a swimming pool in my place, so I needed a house that had some land. I'm just happier because I picked the one that I wanted," Tan said. "I actually added quite a lot of arches to it because the original house had them.

Persons: —, Kenneth Tan, stepmom, Tan, Kenneth Tan Kenneth Tan, Kenneth Tan Tan, Kenneth Tan Tan's, Kenneth Tan Part Organizations: Service, Business, Research, Malaysian, Petronas, Towers Locations: Malaysia, Airbnb, Kuala Lumpur, It's, Happy, KL

☆ I grew up in Athens. Here are 8 things I wish tourists would stop doing when they come here.
▼ + stars: | 2024-05-01 | by ( Konstantina Pyrnokoki | ) www.businessinsider.com time to read: +5 min

Read previewI was born and raised in Athens, so I've seen a lot of tourists. Here are things I wish people would stop doing when they visit Athens. AdvertisementIf you insist on riding the bus, ask someone at the stop when your specific bus passed last. When in doubt, ask a local for the best restaurants in Athens rather than blindly following travel guides. AdvertisementCrosswalks are rarely seen by Greek drivers as a sign to stop, so crossing one whenever you want is unwise.

Persons: —, I've, SHansche, you've, zucchini, SEN LI, it's Organizations: Service, Business, Acropolis Locations: Athens, Delta, Greece, cafés

☆ How to start a lucrative side hustle, from 4 people who've done it: ‘You can be more successful than you think’
▼ + stars: | 2024-04-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

"I think you can be successful with more side hustles than you think," Cody Berman, who co-runs online printables course Gold City Ventures, told CNBC Make It in January. In seventh grade, she started selling leggings for teen girls who couldn't afford larger, trendy brands. Bella Lin, 17, started a side hustle to give her guinea pigs more quality of life. Your ability to stay up-to-date on industry trends and audience demographics can affect your earnings over time, Etsy seller Tim Riegel told Make It last year. Riegel started his side hustle — making and selling steel fire pits — in 2021.

Persons: Cody Berman, Bella Lin —, Bella Lin, Lin, you've, Tim Riegel, Riegel, Becky Powell, Powell, Becky Powell's, —, Morgan Eckroth Organizations: Gold City Ventures, CNBC, Onyx Labs, YouTube, Barista Locations: Gold, Beaverton , Oregon, Portland , Oregon, U.S

Rafah, Gaza CNN —Twenty people, including at least one infant and a toddler, have died following an Israeli airstrike over Rafah, Gaza, overnight into Monday, according to hospital officials. Lifting the baby boy’s body to the camera, Mahmoud Abu Taha cries out, “this is who they are targeting. Abed Rahim Khatib/Anadolu/Getty ImagesAnother member of the Abu Taha family says in the video that 10 of his relatives were killed in the airstrike. Some of his relatives were originally displaced from Khan Younis, where several of them were killed in a previous Israeli airstrike. The remaining few who had fled Khan Younis for the safety of Rafah have now been killed overnight in Rafah, he says.

Persons: Abu Youssef Al Najjar, Mahmoud Abu Taha, “, ”, Rafah's, Abed Rahim Khatib, Abu Taha, Khan Younis, Benjamin Netanyahu, Ghaith Abu Rayya, “ Ahmad Saleem Abu Taha ”, Tareq Elhelou, CNN’s Kareem Khadder, Zeena, Abeer Salman Organizations: Gaza CNN, CNN, Israel Defense Forces, IDF, Najar, Anadolu, Getty, Hamas, Ministry of Health Locations: Rafah, Gaza, Israel, Jerusalem

☆ I couldn't deal with Costco when my kids were little, but I love it now that we're empty nesters
▼ + stars: | 2024-04-29 | by ( Beth Harpaz | ) www.businessinsider.com time to read: +4 min

I'd often do the weekly grocery shopping at a 24-hour supermarket on Fridays at midnight after the kids and their father fell asleep. Even though we may have saved money shopping at Costco — and most Costco shoppers have kids — going there felt out of the question in those early days of parenthood. Related storiesSo, as empty nesters, we figured we'd try Costco — and we fell in love. We store some bulk Costco buys at the bottom of our pantry. And I don't regret not going to Costco when our kids were small.

Persons: —, I'd, Costco's, Beth Harpaz, It's, we've Organizations: Service, Business, Costco Locations: New York City

☆ Trouble brews at The Wall Street Journal, where EIC Emma Tucker faces falling morale and the union edges toward a strike
▼ + stars: | 2024-04-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

Read previewEmma Tucker's arrival at The Wall Street Journal a little over a year ago was met with enthusiasm. This story is available exclusively to Business Insider subscribers. Business Insider talked to a dozen insiders for this story; many of them said they had felt a shift from optimism to angst regarding Tucker and the newsroom generally. A Journal spokesperson said Tucker wasn't available to comment but offered an interview with Taneth Evans, Tucker's associate editor. Evans told Business Insider that the changes were drawn out to give the new leadership time to understand how the newsroom works.

Persons: —, Emma Tucker's, Tucker, She's, effused, Liz Harris, Dow Jones, IAPE, Tucker wasn't, Taneth Evans, Tucker's, Evans, I've, Harris, Emma Tucker, Joy Malone, Rupert Murdoch, Matt Murray, Murray, Elon, Taylor, I'm, OpenAI's Sam Altman, Michael Bloomberg's, Lachlan Murdoch, Adrian Edwards, Axel Springer Organizations: Service, Wall, Business, Dow, Independent Association of Publishers ' Employees, CWA, Associates, Sunday Times, The New York Times, Times, Boeing, News Corp Locations: New York, London, Tesla, Gaza, New York City

☆ Paramount Global ousts chief Bob Bakish as future of media conglomerate hangs in the balance
▼ + stars: | 2024-04-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Paramount Global on Monday parted ways with its chief executive, Bob Bakish, in a seismic move that sent reverberations through the media conglomerate as it actively engages in acquisition talks with Skydance Media. In place of Bakish, who led the company since controlling shareholder Shari Redstone reunited Viacom and CBS Corporation under one roof in 2019, will be a triumvirate of leaders: Brian Robbins, chief executive of Paramount Pictures; Chris McCarthy, chief executive of Showtime and MTV Entertainment Studios; and George Cheeks, chief executive of CBS. In an attempt to stave off declining cable revenues, Paramount has spent billions of dollars building its own streaming service, Paramount+. Supporters of the Skydance deal hope that merging Paramount with the Ellison-led company will change its fortunes. Those shareholders have argued the deal primarily benefits Redstone and they have encouraged Paramount’s board to evaluate other options.

Persons: Bob Bakish, Bakish, Shari Redstone, Brian Robbins, Chris McCarthy, George Cheeks, Bob, ” Redstone, David Ellison, Larry Ellison, Ellison, Skydance, Jeff Shell Organizations: New, New York CNN, Paramount Global, Skydance Media, Viacom, CBS Corporation, Paramount Pictures, Showtime, MTV Entertainment Studios, CBS, Paramount, Skydance, CNN, BET, Nickelodeon, MTV, Comedy, Netflix Locations: New York, Redstone, Skydance

☆ Venice's plan to charge tourists descended into chaos, showing how much of a headache overtourism has become
▼ + stars: | 2024-04-29 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +4 min

The move sparked protests, highlighting the problems city officials face when tackling overtourism. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When cities are overrun with tourists, officials are often tasked with finding ways to make them more liveable for residents. On peak days, tourists visiting Venice for the day need to buy a ticket online or at booths to enter the city. Other tourist hot spots have implemented caps on the number of daily visitors.

Persons: —, aren't, Simone Venturini, Venturini, Luca Bruno, Manuel Silvestri, it's Organizations: Service, Guardian, Business, AP, Reuters, Mount Fuji, BBC, US National Parks Locations: Venice, Italian, Veniceland, Amsterdam, Japan, Fujikawaguchiko, Austria, Athens

☆ Sidestep injury with the lateral lunge
▼ + stars: | 2024-04-25 | by ( Dana Santas | ) edition.cnn.com time to read: +6 min

The side or lateral lunge is one of the best exercises for building lateral stability and mobility in the often neglected frontal plane. The side lunge also improves the mobility and stability of your hips, knees and ankles to avoid related strains and sprains. By strengthening the muscles involved in lateral movement with side lunges, you can accomplish these chores more efficiently while reducing your risk of muscle strain or injury. Training with side lunges can increase your lateral movement strength, enhance your mobility and boost your confidence to be more adventurous outdoors. The side or lateral lunge strengthens the quadriceps, hamstrings, glutes, adductors and core to help you ward off injuries.

Persons: Dana Santas Organizations: Pain, CNN

☆ I shopped at Trader Joe's daily until Aldi won me over. I finally understand why people love the chain so much.
▼ + stars: | 2024-04-24 | by ( Kate Collins | ) www.businessinsider.com time to read: +4 min

Read previewBefore I shopped at Trader Joe's, I was never loyal to any one grocery store. That's why when I worked near Trader Joe's, I stopped there daily. I also began to notice how long the Aldi produce he bought lasted in our fridge. It didn't feel cramped like Trader Joe's, which made browsing easier. Just like the seasonal items that stoke Trader Joe's fandom, Aldi's Finds are ever-changing and quirky.

Persons: —, Joe's, I'd, Adam McCullough, Shutterstock, Aldi's, I've Organizations: Service, Business, Aldi, stoke Locations: Aldi

☆ Seder Is About Family, Food, Freedom. And Now, It’s Also About the War.
▼ + stars: | 2024-04-23 | by ( Andrew Keh | ) www.nytimes.com time to read: 1 min

Bonnie Rosenfeld had 38 people crowded into her home in Rockaway, N.J., on Monday night. She has hosted Passover Seders for years, but none that felt quite like this. She wanted to address “the elephant in the room” up front. It was, in her eyes, a recognition of the obvious:“This night is different,” said Ms. Rosenfeld, invoking the Four Questions traditionally recited on the holiday. “This Seder is different.”That sentiment echoed around the country this week, as families and groups of friends gathered for the start of Passover amid the complicated swirl of emotions and fiery political debates stirred by the monthslong Israel-Hamas war.

Persons: Bonnie Rosenfeld, ”, Rosenfeld Locations: Rockaway, N.J, Gaza, Israel

☆ A Gen X couple moved from California to Massachusetts to escape high housing costs: 'We still pinch ourselves over how lucky we are.'
▼ + stars: | 2024-04-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

AdvertisementSteve Dalton, 56, and his partner Sydney Sauber, 58, were ready to leave the Bay Area of California after nearly two decades. Leaving California for MassachusettsDalton, an IT professional for a university, was born and raised in the Bay Area. While there, she met Dalton, and they moved into a condo in San Pablo two years later in 2010. As they reached retirement age, the couple wanted to purchase a house, though they knew that would be implausible in the Bay Area with their budget. He estimates a similar home in the Bay Area would cost over $2 million.

Persons: Steve Dalton, Sydney, Dalton, —, they've, Worcester, Massachusetts Dalton, Pablo didn't, Sauber, he's, They've Organizations: Sydney Sauber, Sauber, Worcester, Service, Survey, Chevron, Red Sox Locations: California, Massachusetts, Bay, West Coast, Worcester , Massachusetts, Worcester, Marin County, San Francisco, Contra Costa County, Puerto Rico, New York , Texas, Florida, New England, Northampton, Salem , Massachusetts, Dover , New Hampshire, East, San Pablo, Oakland, Pablo, Englanders

☆ Israel Plans to Expand ‘Humanitarian Zone’ if It Invades Rafah
▼ + stars: | 2024-04-23 | by ( Adam Rasgon | ) www.nytimes.com time to read: +1 min

If Israel were to begin an invasion in the southern Gaza city of Rafah, where a million displaced Palestinians are sheltering, an Israeli-designated “humanitarian zone” along the coast would be expanded to take in more civilians, an Israeli military official said Monday evening. The comments were among the first indications of the Israeli military’s plans for civilians if it were to launch a major ground offensive in Rafah. The Biden administration has urged Israel to forgo such an operation because of the risks it would pose to displaced Palestinians. Palestinians who have sought shelter in Rafah have been bracing for an Israeli incursion for months, huddling in crowded tents, schools and apartments. Before arriving in Rafah, many had followed earlier Israeli calls to evacuate other areas in Gaza only to encounter bombardment in those places too.

Persons: Biden, Israel Locations: Israel, Gaza, Rafah, Israeli

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