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☆ Rare Hermès Birkin Bags Are up for Auction and May Fetch Over $100,000
▼ + stars: | 2024-06-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Read previewIf you're in the market for a Hermès bag that doubles as a doll house, you're in luck — as long as you have $100,000 or so to spare. A new Birkin bag starts at about $10,000 and can cost well into the six figures depending on material, size, and rarity. Since 2022, Hermès bags sold at Christie's auctions have gone for an average of 141% of the lowest estimated price, Christie's said. "Hermès Birkin and Kelly bags, especially the Faubourg bag, for example, are iconic symbols of luxury and status, coveted by collectors worldwide." Courtesy of Christie'sAs the auction demonstrates, luxury handbags — particularly those made by tightly controlled brands like Hermès — are increasingly worthy investments.

Persons: —, Christie's, Birkin —, handmake, Hitha Herzog, Hermès, Faubourg Birkin, Birkin, Nicole Pollard Bayme, Hermès Birkin, Kelly, Chanel, Alexis Clarbour, Louis Vuitton, Yayoi, Dior, Loewe, Roger Vivier Organizations: Service, Business, Rue du Faubourg Saint, Deloitte, Credit Suisse, Madison Avenue Couture Locations: Birkins, Rue, Paris, retails

*Spain's RTVE is free, but you must create a free login to access the free Champions League streams. Where to watch Real Madrid vs. Dortmund free from anywhereAs mentioned in the box above, numerous European channels are showing the game for free today. Then get stuck in and enjoy this free Champions League live stream. Where to watch Real Madrid vs. Dortmund in the USThere isn't a local free option to watch the Champions League final in the US. Shop at Paramount PlusWhere to watch Real Madrid vs. Dortmund in AustraliaThe Champions League final is on Stan Sport in Australia.

Persons: We've, we've, You'll, They're, Stan, Stan Sport, ExpressVPN, it's, you'll, you've, Stan Sport's Organizations: Business, League, Free Real Madrid, Dortmund, TNT, Real Madrid, Champions, TNT Sport, AWST, Champions League, BT, YouTube, CBS, Paramount, Stan Sport, Sport Locations: Europe, Austria, Luxembourg, Spain, Australia

The Florida federal judge overseeing the criminal classified documents case against former President Donald Trump has been the target of more than 1,000 complaints in just one week this month raising allegations of her handling of the case, a top appeals court judge revealed in an order. And "many of the complaints against Judge Cannon also question the correctness of her rulings or her delays in issuing rulings in the case," Pryor wrote. "Although many of the complaints allege an improper motive in delaying the case, the allegations are speculative and unsupported by any evidence," Pryor wrote. "The Complaints also do not establish that Judge Cannon was required to recuse herself from the case because she was appointed by then-President Trump." "Some of those complaints have been acted upon, and others will be acted upon in due course," Pryor wrote, without revealing the nature of those actions.

Persons: Donald Trump, Aileen Cannon, Cannon, William Pryor, Judge Cannon, Pryor, Jack Smith's, Trump, Stormy Daniels Organizations: Trump, 11th Circuit U.S, Public, White Locations: Florida, Florida , Georgia, Alabama, Lago, Palm Beach , Florida, New York, Fort Pierce , Florida

Free Champions League final live streams are available in multiple European countries, but we'd take UEFA's channel guides with a pinch of salt. Spain's RTVE is also free, but you must create a free login to access the free Champions League streams. How to watch a free Champions League final live stream from anywhereThis year, free Champions League final live streams are available in the UK, Austria, Spain, and Luxembourg. Then get stuck in and enjoy this free Champions League final live stream. How to watch Real Madrid vs. Dortmund in AustraliaThe Champions League final is on Stan Sport in Australia.

Persons: We've, we've, you'll, RTVE, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's Organizations: Business, League, Real Madrid, Dortmund, Free, Olympics, TNT, Champions, TNT Sport, AWST, CBS, Paramount, BT, Champions League, European, Stan Sport, Sport Locations: Europe, Austria, Spain, Luxembourg, Australia

☆ Ex-CEO of $2 billion company: I couldn't break the glass ceiling—so I went around it instead
▼ + stars: | 2024-05-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Julia Stewart, the former CEO of Dine Brands, who is now founder and CEO of wellness company Alurx. Julia Stewart's rise to CEO was nothing like climbing a career ladder. She's currently the CEO of wellness company Alurx, which she founded in 2020. Sometimes, that meant moving to different regions within the same company, Stewart says. Instead, learning more about how individual restaurants brought in money opened up Stewart's career path.

Persons: Julia Stewart, Julia Stewart's, Stewart, She's, —, Carl's, Burger, Stuart Anderson's, she'd, could've, IHOP's, Applebee's Organizations: Dine Brands, Dine, CNBC, San Diego State University, Burger King, Angus, Taco Bell, Taco, Applebee's Locations: Taco

☆ Where is Miranda Wilking, the dancer accused of being in a TikTok cult?
▼ + stars: | 2024-05-30 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

TikTok and social media star Miranda Derrick (née Wilking) is at the center of the story. She and her younger sister, Melanie Wilking, are both dancers who previously branded themselves together as The Wilking Sisters. However, Miranda became involved with 7M via her boyfriend, James Derrick — and her family says in the series, distanced herself from her. Here's where Miranda Derrick is today. "Miranda Derrick is a successful businesswoman and a loving wife and daughter who cares very much about her family.

Persons: —, Robert Shinn, Miranda Derrick, née, Melanie Wilking, Miranda, James Derrick —, Here's, Melanie, Dean, Kelly, James, BDash, Derrick, videographer Isaiah Shinn, Robert Shinn's, Aubrey Fisher, Robert, Miranda didn't, Miranda's, Instagram, I've, we've, Isaiah Shinn, Robert's, Jake Gyllenhaal Organizations: Service, Netflix, Shekinah, Business, 7M, Instagram, YouTube, UFC Locations: Los Angeles, Detroit

☆ Samuel Alito's story about the upside-down flag fiasco isn't fully adding up
▼ + stars: | 2024-05-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

"My wife is fond of flying flags," Alito wrote. Alito said he asked his wife to take the flag down "as soon as I saw it," but for "several days," she refused. A second flagAlito's explanation for why his wife raised the upside-down flag in January 2021 also doesn't account for the second controversial flag now tied to the couple. The Times reported this month that an "Appeal to Heaven" flag was flown outside Alito's New Jersey beach house as recently as last summer. He said neither he nor his wife were aware the flag had any association with the "Stop the Steal" movement.

Persons: —, Samuel Alito, Alito, Donald Trump, Trump, Martha, Ann Alito, Emily Baden, Samuel Alito Chip Somodevilla, shouldn't Organizations: Service, Business, Trump, New York Times, Capitol, Times, Washington Post Locations: Alito's Virginia, Vietnam, Virginia, Alito's New Jersey

6:27 a.m.: UBS hikes First Solar price target, sees 25% upside There's a rosy outlook ahead for First Solar , according to UBS. Analyst Jon Windham cited a more supportive pricing environment as one reason for the price target change. The investment bank upgraded the airline to buy from hold, lifting its price target to $65 from $54. — Lisa Kailai Han 5:41 a.m.: Bank of America reiterates Apple as a top pick Apple shares could get a boost as consumers upgrade to AI-enabled phones, according to Bank of America. Analyst Wamsi Mohan reiterated his view that Apple is a top pick, maintaining his buy rating and price target of $230.

Persons: Jon Windham, Windham, Lisa Kailai Han, Scott Gruber, Gruber, LBRT, — Lisa Kailai Han, Morgan Stanley, SLB, Daniel Kutz, Kutz, Jefferies, Sheila Kahyaoglu, Kahyaoglu, Wamsi Mohan, Mohan, Fred Imbert Organizations: CNBC, United Airlines, Apple, United, Jefferies, Bank of America, UBS, Citi, Liberty Energy, of Liberty Energy, Nvidia Locations: Tuesday's, OFS, United

☆ Over a dozen GOP states seeking to block student-loan forgiveness through Biden's SAVE repayment plan may have been set back by a separate court ruling
▼ + stars: | 2024-05-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLawsuits to block some of President Joe Biden's targeted student-debt relief efforts are simmering — and a court ruling might have signaled how one case will fare. "Plaintiffs have not alleged that any of their employees have stopped seeking PSLF forgiveness because of the adjustment," the court's decision said. In March, 11 GOP state attorneys general filed a lawsuit to block the SAVE income-driven repayment plan, which the Education Department implemented last summer to give borrowers more affordable monthly payments. Economic assumptions alone were not enough for the Sixth Circuit, nor, for that matter, for the Supreme Court," the Education Department wrote in its legal filing.

Persons: —, Joe Biden's, Circuit wasn't Organizations: Service, New Civil Liberties Alliance, Cato Institute and Mackinac Center for Public, Business, Public, Sixth, Circuit, Education Department, SAVE, Biden's Education Department, Sixth Circuit, Supreme Locations: PSLF

☆ Supreme Court Justice Alito rejects calls to recuse from Trump, Jan. 6 cases
▼ + stars: | 2024-05-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Associate Justice Samuel Alito poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021. Supreme Court Justice Samuel Alito on Wednesday rejected Democratic lawmakers' requests that he recuse himself from key cases related to former President Donald Trump and the Jan. 6, 2021, Capitol riot following reports that flags linked to Trump's supporters were flown at his properties. "I was not aware of any connection between that historic flag and the 'Stop the Steal Movement,' and neither was my wife," Alito wrote. Trump, who is awaiting a verdict in his criminal hush money trial in Manhattan Supreme Court, applauded Alito for declining to remove himself from the case. "Congratulations to United States Supreme Court Justice Samuel Alito for showing the INTELLIGENCE, COURAGE, and 'GUTS' to refuse stepping aside from making a decision on anything January 6th related," Trump wrote in a post on Truth Social .

Persons: Samuel Alito, Donald Trump, Alito, Joe Biden, Rather, Jack Smith, Trump, —, Martha, Ann Alito, Dick Durbin, Durbin, Sen, Sheldon Whitehouse Organizations: Supreme, Wednesday, Democratic, Capitol, New York Times, Times, Alito, United States Supreme Locations: Washington, Virginia, Alexandria , Virginia, Long Beach, , New Jersey, Manhattan

☆ Israeli airstrikes kill at least 35 in Rafah, Gaza authorities say
▼ + stars: | 2024-05-27 | by ( ) www.cnbc.com time to read: +8 min

Israeli war cabinet minister Benny Gantz said the rockets fired from Rafah "prove that the (Israel Defense Forces) must operate in every place Hamas still operates from". Reshiq restated Hamas's demands, which include: "Ending the aggression completely and permanently, in all of Gaza Strip, not only Rafah". It follows an agreement between U.S. President Joe Biden and Egyptian President Abdel Fattah al-Sisi on Friday to temporarily send aid via the Kerem Shalom crossing, bypassing the Rafah crossing that has been blocked for weeks. Aid trucks had been piling up on the Egyptian side of the border since May 7, when Israel seized the Rafah crossing in Gaza. Today, trucks at the Rafah crossing were rerouted to the Kerem Shalom crossing, which sits at the junction of Gaza, Israel and Egypt.

Persons: Eyad BABA, EYAD BABA, Eyad Baba, Ashraf Al, Sami Abu Zuhri, Benjamin Netanyahu, Benny Gantz, Yoav Gallant, Itamar Ben Gvir, Israel, Izzat, Reshiq, Netanyahu, Khaled Zayed of, Joe Biden, Abdel Fattah al, Ali Moustafa Organizations: West Bank, Hamas, Palestinian Authority, Getty, Afp, International Committee, Kuwaiti, Brigades, Israel Defense Forces, ., Reuters, Aid, Crescent Locations: Gaza, Rafah, Israel, AFP, Tel Al, States, Tel Aviv, Egypt, Jabaliya, Gaza Israel, Kerem Shalom, RAFAH, EGYPT, Palestinian, Kerem Abu Salem, Today

☆ Royal Caribbean and Carnival Cruise ships leave from Baltimore for the first time since the collapse of the Key Bridge
▼ + stars: | 2024-05-27 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

The port's terminal was blocked after the Francis Scott Key Bridge collapsed and killed six workers. AdvertisementTwo months after Baltimore's Francis Scott Key Bridge collapsed, cruise ships are now taking off from the Port of Baltimore. The two trips are notable as the first cruise ships to leave Baltimore since the port was blocked by the collapse of the Francis Scott Key Bridge on March 26. The Francis Scott Key Bridge services about 30,000 people a day. AdvertisementOne week ago, the port's terminal was the headquarters for the recovery operations for the Francis Scott Key Bridge, Daniels added.

Persons: Francis Scott Key, —, Baltimore's Francis Scott Key, We've, Jonathan Daniels, Daniels Organizations: Port, Service, Royal, Business, Francis Scott Key Bridge, Baltimore Sun, Maryland Department of Transportation Locations: Port of Baltimore, Royal Caribbean, Bermuda, Greenland, Canada, Baltimore, Maryland

☆ Basketball Hall of Famer Bill Walton dies at 71
▼ + stars: | 2024-05-27 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +1 min

Basketball legend Bill Walton died after a battle with cancer, the NBA announced May 27. Walton, 71, won two NCAA titles and two NBA championships. AdvertisementBasketball legend Bill Walton has died after a prolonged battle with cancer, the National Basketball Association announced on May 27. Walton, 71, played center and won two National Collegiate Athletic Association titles while playing with UCLA. He was inducted into the Naismith Basketball Hall of Fame in 1993, followed by the College Basketball Hall of Fame in 2006.

Persons: Bill Walton, Walton, — Organizations: NBA, NCAA, Service, National Basketball Association, National Collegiate Athletic Association, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Basketball Hall of Fame, College Basketball Hall of Fame, Business Locations: Walton

☆ Target is lowering prices and boosting its budget brands as it battles Walmart for shoppers on the hunt for deals
▼ + stars: | 2024-05-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Walmart has augmented its reputation for low prices with a number of Target-coded improvements such as refreshed stores, upscale product assortment, and smoother e-commerce options to see strong gains among higher-income shoppers. AdvertisementThe numbers indicate Walmart (among others) may be picking Target's pocket in terms of market share as inflation-weary consumers hunt for the best value for their dollar. Earlier this year, Target went after budget-minded buyers with a new line of essentials under the Dealworthy brand. Then late last month, Walmart took a shot at Target's Good & Gather-owned brand with an all-new upscale private label called Bettergoods.

Persons: —, Brian Cornell, Cornell, Christina Hennington, Target, Bettergoods, Hennington, We've Organizations: Service, Walmart, Business, Target Locations: Dealworthy

☆ Hillary Clinton says Democrats underestimated anti-abortion activists: 'We could have done more to fight'
▼ + stars: | 2024-05-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewFormer Secretary of State Hillary Clinton, in an interview for a forthcoming book, made some of her strongest remarks to date about the fall of Roe v. Wade, arguing that the Democratic Party underestimated the anti-abortion movement. "We didn't take it seriously, and we didn't understand the threat," Clinton, the party's 2016 presidential nominee, told the Times. Related storiesDuring the interview, Clinton lamented that Democrats were "taken by surprise" by the Supreme Court's Dobbs decision. She argued that she never became complacent over the potential for a conservative-led Supreme Court to reverse Roe. AdvertisementSince the fall of Roe, Democrats have benefited in elections across the country, with many independents and even some Republicans backing ballot measures protecting abortion rights.

Persons: —, Hillary Clinton, Roe, Wade, Clinton, Elizabeth Dias, Lisa Lerer, Court's Dobbs, Donald Trump, Trump Organizations: Service, Democratic Party, The New York Times, Democrats, Business, Times, Democratic, GOP, Trump Locations: New America, Roe, Arizona

☆ Three gig workers explain how they got deactivated on apps from Doordash to Walmart's Spark
▼ + stars: | 2024-05-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

That's because apps like DoorDash, Instacart, Uber Eats, and Walmart's Spark frequently deactivate the accounts of their drivers over minor issues — or no obvious issue at all, according to delivery workers who have spoken to Business Insider. Deactivated without doing a single orderOne Ohio delivery worker told BI she signed up for Walmart's Spark delivery service last fall. Advertisement"I was forced to rely on my DoorDash account, which only has bike mode," the second driver said. Then in January, the second driver said, his girlfriend's DoorDash account was reactivated after she tried contacting DoorDash multiple times. But that same month, DoorDash deactivated his own account, citing "suspicious activity."

Persons: —, Uber, DoorDash, hasn't, Instacart Organizations: Service, Business, Walmart Locations: Ohio, California

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

☆ How the Monaco Grand Prix became the most iconic F1 race
▼ + stars: | 2024-05-24 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +8 min

The Monaco Grand Prix is the crown jewel of Formula 1, known for its glitz and glamour. In the decades since then, the Monaco Grand Prix has become the crown jewel of Formula 1 — and arguably the most famous race in the world. Senna's surprising defenseThat crash was a distant memory by 1992, as Senna unexpectedly claimed his fifth Monaco Grand Prix victory. While he didn't gain any victories during his Mercedes stint, he earned a pole position at his final Monaco Grand Prix at 43. Daniel Ricciardo celebrating his Monaco Grand Prix win in 2018.

Persons: —, it's, Bob Varsha, Varsha, Clive Rose, Zak Brown, McLaren, Lando Norris, It's, Juan Manuel Fangio, Alfa, Yves, Giraud Cabantous, Maurice Trintignant, Robert Manzon, Giuseppe Farina, Jackie Stewart, Stewart, Jackie, Ayrton Senna, Senna, Ayrton Senna's, Nigel Mansell, Brown, Mansell, Michael Schumacher's, Mercedes, Mark Webber, Schumacher, Daniel Ricciardo, Lewis Hamilton, Ricciardo, Dan Istitene, Charles Leclerc —, he's, Leclerc Organizations: Monaco, Service, Prix, ESPN, Miami Grand Prix, Indianapolis, Le, Alfa Romeo, Formula, Getty, Universal Pictures, Williams, Renault, Mercedes F1, Netflix, Monaco Grand Prix, Monaco —, Ferrari Locations: Monte Carlo, Monaco, Argentine, British

☆ F1 dispute with Andretti Global draws in U.S. lawmakers
▼ + stars: | 2024-05-24 | by ( Chris Hawes | ) www.cnbc.com time to read: +5 min

Anna Moneymaker | Getty ImagesA dispute over whether to accept American motorsports giant Andretti Global as Formula One's 11th team is reaching boiling point. It's the latest twist in the Andretti saga, which started in October 2023 when the sport's governing body, the FIA, approved the American team's bid to join the grid. Three months later, F1, the sport's commercial arm, quashed the bid, arguing that Andretti wouldn't be competitive in 2025 or 2026. These new entrants would also be obliged to operate out of a region not currently represented by F1 teams. It isn't just in Washington where support for Andretti is growing, explained Andretti.

Persons: Mario Andretti, John James, Anna Moneymaker, Michael, Andretti, Stefano Domenicali, Domenicali, Tim Milne, Lewis Butler, Tim Cook, Red Bull's Max Verstappen Mike Segar, Zac Brown, it's, Fernando Alonso Organizations: Washington , DC, Andretti, Capitol, General Motors, Andretti Global, One's, Miami Grand, Liberty Media, NBC News, FIA, Formula, One, CNBC, Las Vegas, Prix, U.S, F1, United, Reuters Locations: Washington ,, U.S, Las Vegas, Saudi Arabia, United States, Americas, Austin , Texas, Washington, Miami

☆ After years of legal issues, Hayley Paige and JLM Couture finally reached a settlement that gives the designer her name back
▼ + stars: | 2024-05-24 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +9 min

Hayley Paige Gutman and JLM Couture have been in a legal battle since 2020Gutman started working with JLM Couture in 2011, selling her designs under the company's umbrella. AdvertisementDesigner Hayley Paige Gutman was in a legal dispute with JLM Couture for years. AdvertisementMost importantly, the settlement gives Gutman ownership of all intellectual property associated with Hayley Paige that JLM previously owned, including the trademarks and lookbooks for the bridal lines Hayley Paige Bridal, Blush By Hayley Paige, and Hayley Paige Occasions, as well as the social-media accounts associated with her name. Hayley Paige. AdvertisementShe also plans to keep designing shoes and accessories under She Is Cheval as a "sister brand" to Hayley Paige.

Persons: —, Hayley Paige, Hayley Paige Gutman, JLM Couture, Hayley Paige Bridal, Gutman, JLM, Joe Murphy, allthatglittersonthegram Gutman, Conrad Clevlen, Cheval, JLM hadn't, Clevlen, Nancy Pauline, Dia Dipasupil Organizations: Service, Business, JLM, BI, New, Appeals Locations: Delaware, New York, JLM

☆ UN's top court orders Israel to halt military offensive in Rafah
▼ + stars: | 2024-05-24 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The International Court of Justice displayed on a smartphone, with the flag of Israel visible in the background in Brussels, Belgium, on May 20, 2024. Nurphoto | Nurphoto | Getty ImagesThe U.N.'s top court, the International Court of Justice, on Friday ordered Israel to cease its military offensive in Rafah in the south of the Gaza Strip, citing concerns over the safety of Palestinian civilians. The court further found that evacuation and other measures undertaken by Israel in Rafah were not sufficient. watch nowEarlier this month, Israel advanced its military campaign into Rafah, where more than 1 million of displaced Palestinian people have sought shelter. "And not only in Rafah governorate, what is happening in Jabalia and other governorates of the Gaza Strip is no less criminal and dangerous than what is happening in Rafah."

Persons: Israel, Nawaf Salam, Bezalel Smotrich, Nabil Abu Rudeineh Organizations: Court, Nurphoto, International Court of Justice, United, CNBC, Israel's, Hamas, Court of, Palestinian, Palestinian Authority, Reuters Locations: Israel, Brussels, Belgium, Rafah, Gaza, United Nations, South Africa, Jabalia

☆ Businesses push Biden to grant work permits to longtime undocumented immigrants
▼ + stars: | 2024-05-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +10 min

She knows there’s a bigger pool of experienced workers out there, but she can’t hire them because they are undocumented immigrants. The coalition argues Biden can do more through executive action under current law, including by expanding work permits to spouses of US citizens. All of Indiana dairy farmer Steve Obert's employees are authorized to work, but he is among the business leaders advocating for more work permits for longtime undocumented residents. Courtesy Steve ObertAll of Obert’s 15 non-family employees are foreign born and have work permits. But he knows that undocumented workers contribute a lot to the industry, as well as to the communities where they live.

Persons: Lisa Winton, Winton, Biden, ” Winton, ” Lisa Winton, Joe Biden, Donald Trump, Barack Obama, Trump, , ”, Karoline Leavitt, “, ” It’s, Steve Obert, Jessica Vaughan, Rebecca Shi, ‘, ’ ”, Shi, Vaughan, Tara Watson, Bush, Obama, Kerri Talbot, Trump’s, Steve, ” Obert Organizations: CNN, Winton Machine Company, American Business Immigration Coalition, Employers, Time, Trump, Pew Research Center, Labor, National Agricultural Workers Survey, Center, American, National Milk Producers Federation, Immigration Services, Center for Immigration Studies, Department of Homeland Security, Migration Policy Institute, Williams College, Immigration, Indiana Dairy Producers Locations: Suwanee , Georgia, Winton, Georgia, America, Indiana

☆ One of the US's busiest cruise ports can't keep up with America's love for vacations at sea — but an urgent new terminal will help meet the demand for giant cruise ships
▼ + stars: | 2024-05-23 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Port Canaveral announced new plans to build a seventh cruise terminal by 2026. But Port Canaveral is running out of space as demand for these vacation voyages continues to skyrocket. When complete, it could accommodate the world's largest cruise ships, including Royal Caribbean's new 1,198-foot-long, 9,950-person-capacity Icon of the Seas. The project would've taken three to four years to complete — too long a timeline for Port Canaveral. "We can't shut down operations at Port Canaveral because the state can't get the road infrastructure in a timely manner," he added.

Persons: —, John Murray, Murray, Royal Caribbean's, Brittany Chang, Ross Klein, UCG, Jamie Glasner, Glasner Organizations: Canaveral, Infrastructure, Service, Disney, Sunshine State, Port Canaveral, Canaveral Port, Royal, Business, MSC Group, Disney Cruise, Memorial University of Newfoundland, Glasner, US Customs, Border Protection, Florida Department Locations: Florida, Miami, Canaveral, Port Canaveral, Port, Caribbean

☆ FEC lets Peter Thiel-funded super PAC off the hook
▼ + stars: | 2024-05-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Super PACs, which can accept unlimited donations, are legally barred from coordinating with or donating directly to politicians' campaigns. Advertisement"I'm gratified that a bipartisan group at the FEC has rightly rejected this baseless, headline-seeking complaint," Luke Thompson, the executive director of the super PAC, told Business Insider. "This super PAC was keeping him afloat as a candidate with research, messaging ideas, and all of the stuff that basically allowed him to remain viable." In recent years, it's become increasingly common for campaigns and super PACs to use public websites to get around existing campaign finance laws. Those materials had been funded by Never Back Down, a super PAC supporting the Florida governor.

Persons: —, Republican Sen, JD Vance's, Peter Thiel, Donald Trump, Vance, Ellen Weintraub, Luke Thompson, Jonas Edwards, Jenks, Saurav Ghosh, they're, Ghosh, who's, Tim Ryan, Thiel, David Sacks, Rebekah Mercer, it's, Ron DeSantis's Organizations: Service, Commission, Republican, PAC, Campaign, Citizens United, Business, Legal, Citizens, Democratic, FEC, End Citizens, GOP Senate, Florida Gov, Florida Locations: Ohio, Florida

☆ Hedge funds are loading up on these under-the-radar AI plays while cutting back on the megacaps
▼ + stars: | 2024-05-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank analyzed the holdings of 707 hedge funds with $2.7 trillion of gross equity positions at the start of the second quarter. Goldman found that hedge funds added to under-the-radar winners across the entire AI universe, particularly players in infrastructure, including Marvell Technology , TD Synnex , AES Corporation and Littelfuse . Copper miner Freeport-McMoRan and solar tracking company Nextracker, both involved in AI's power production, also saw increased popularity among hedge funds. Hedge funds also trimmed positions in other megacap stocks benefiting from the AI enthusiasm, including Microsoft , Meta Platforms and Amazon . Apple was the exception in the so-called " Magnificent Seven " group — hedge funds added exposure to the Tim Cook-led iPhone maker, according to Goldman.

Persons: Goldman Sachs, Goldman, Ben Snider, Tim Cook Organizations: Marvell Technology, AES Corporation, Littelfuse, Walgreens Boots Alliance, American, Nvidia, Microsoft, Meta, Apple Locations: Freeport, McMoRan

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