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☆ Dubai is the economic jewel of the Middle East — now its Gulf neighbors are coming for a piece of the pie
▼ + stars: | 2024-02-03 | by ( Pete Syme | Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

According to Forbes' 2023 Travel Guide, Dubai has nine 5-star hotels , compared to Abu Dhabi's three and two in Qatar and Saudi Arabia. Saudi Arabia has made it clear that it wants in on international travel, stating it aims to attract 100-150 million visitors by 2030. Saudi Arabia is catching up with a new airlineThe competition is perhaps the most heated in the aviation industry. On its double-decker Airbus A380, Dubai's airline, Emirates, has top amenities like a shower for business-class passengers, plus an on-board bar. AdvertisementAnd even if it succeeds in attracting tourists to Saudi Arabia, it is unlikely to knock Emirates off its perch.

Persons: —, Saudi Crown Prince Mohammed bin Salman Al Saud, Saudi Arabia hasn't, Abu, Abu Dhabi, Forbes, Abu Dhabi's, Faisal Alibrahim, Alibrahim, Mohammed Bin Salman, Kristian Coates Ulrichsen, Ulrichsen, Skytrax, Pete Syme, Tony Douglas, Douglas, That's, OAG Organizations: Service, United Arab Emirates, Business, Saudi Crown, Etihad, Bloomberg, CNN, Saudi, Economic, Rice, Baker Institute for Public Policy, Emirates, Qatar Airways, Qatari, Etihad Airways, Riyadh Air, Air, Riyadh Air's Boeing, Boeing, Dubai International Airport Locations: Dubai, Gulf, Saudi, Saudi Arabia, Riyadh, Abu, UAE, Qatar, Davos, Neom, Emirates, Still, Kingdom of Saudi Arabia, Europe, Americas, Africa, Asia

The US said the attack lasted 30 minutes, hitting 85 targets across seven locations in Iraq and Syria. In 2016, the Iraqi parliament passed a bill recognizing the PMU as a government entity operating alongside the Iraqi military. A screengrab from a video, geolocated by CNN to the town of Qaim, Iraq, shows the aftermath of US military strikes in the area, according to the Iraqi Military. Iraq and Syria condemned the US attack as infringements on their sovereignty that risk fueling regional conflict. “The United States does not seek conflict in the Middle East or anywhere else in the world,” Biden said in a statement Friday, following the strikes on Iraq and Syria.

Persons: Joe Biden, –, Biden, Kennedy Ladon Sanders, Sanders, Matt Rourke, Qaim, Turki Al, John Kirby, Washington, ”, SANA, Kirby, Douglas Sims, “, Mike Johnson, ” Johnson, Jack Reed, Lloyd Austin, ” Biden, Charles Lister, ” Lister, Ebrahim Raisi Organizations: CNN, Hamas, Army, US Army, Dover Air Force Base, House, Hezbollah, Al, US National Security, Syrian, Joint Chiefs of Staff, Iran’s Revolutionary Guard Corps, Iraq’s Armed Forces, United Nations Charter, Republican, Senate Armed, US, Coalition Forces, Austin, Middle East Institute, Iraq Locations: United States, Iraq, Syria, Jordan, Iran, Gaza, Israel, Delaware, Iraqi, Al, ” Syria’s, Deir Ezzor, Gen, Qaim, ” Syria, Washington ,, Tehran

☆ MNTN CEO Mark Douglas talks Joe Rogan signing $250 million Spotify deal
▼ + stars: | 2024-02-02 | 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 EmailMNTN CEO Mark Douglas talks Joe Rogan signing $250 million Spotify dealHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Mark Douglas, Joe Rogan, Brian Sullivan, “ Organizations: CNBC

But borrowing money always comes with some risks, and home renovation loans can be particularly risky when used to purchase a fixer upper. Renovation loan eligibilityTo get a loan for a house renovation, you'll need to meet certain credit requirements. Cash-out refinances or renovation loans rolled into mortgages are typically the best renovation loan programs because they come with the lowest rates. Home renovation loans FAQsAre renovation loans a good idea? Renovation loans, or home improvement loans, can be a good idea for homeowners looking to make both essential and cosmetic changes to their homes.

Persons: —, It's, Fannie Mae's, Freddie Mac's, you'll, Douglas Boneparth Organizations: Service, Federal Housing Administration, Bone, reno, Chevron

BAY CITY, Mich. (AP) — A federal judge on Friday dismissed a criminal case against a northern Michigan man accused of threatening President Joe Biden and Vice President Kamala Harris. Warren called for Biden to be taken to prison “to await execution. He shall be hanged.”Warren “did not say that he was going to do anything to harm either the president or (Harris),” Morris told the newspaper via email after the hearing. “He did not threaten to take or kidnap them to any secluded place nor did he threaten to harm them by his own hands,” Morris added. Photos You Should See View All 45 ImagesWarren’s attorney, federal community defender Bryan Sherer, didn’t immediately return a phone message seeking comment Friday evening.

Persons: Joe Biden, Kamala Harris, Patricia Morris, Russell Douglas Warren, Prosecutors, Warren, Biden, Harris, “, ” Warren “, ” Morris, Bryan Sherer, didn’t Organizations: CITY, Mich, —, Detroit News, FBI, Secret Service Locations: Michigan, Bay City , U.S, Prudenville

Attacks The map shows five of the seven sites that the U.S. hit with military strikes in Syria and Iraq. The strikes hit more than 85 targets at different locations using more than 125 precision-guided munitions, according to a statement by U.S. Central Command. Two American officials said the United States also conducted cyberoperations against Iranian targets on Friday but declined to provide details. It is clear from statements from the White House, and from Tehran, that neither the United States nor Iran wants a wider war. Striking sites in the Mideast with aircraft launched from the United States and refueled midair is a muscular show of global reach and capability, the official said.

Persons: Biden, Biden’s, Mr, “, ”, John F, Kirby, Douglas, Sims, Yahya Rasool, That’s, Iran’s, Jordan, Roger Wicker of, William Jerome Rivers, Kennedy Ladon Sanders, Breonna Alexsondria Moffett, Moffett, Sanders, Sergeant Rivers Organizations: Iranian, Islamic Revolutionary Guards Corps Quds Force, U.S . Central Command, Islamic Revolutionary Guards Corps, ”, Jordan . Middle, Revolutionary Guards, National Security Council, White House, Central Command, White, Pentagon, Dyess Air Force Base, U.S, military’s Joint Staff, Air Force, Iraq’s Armed Forces, Iran’s Revolutionary Guards Corps, Revolutionary Guards Corps, Administration, Capitol, Biden, Republican, Armed Services Committee, Dover Air Force Base, Army Reserve Locations: United States, Syria, Iraq, East, Jordan, Iran, U.S, Jordan ., Tehran, Texas, Yemen, Israel, Gen, Roger Wicker of Mississippi, Delaware

☆ The IPO market is looking very shaky and facing challenges galore
▼ + stars: | 2024-02-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The IPO market is looking very shaky and confronted with a host of challenges that are holding it back. Regardless, recent IPO performances have been poor across the board. IPO investors cheered the advance by bidding up the Renaissance Capital IPO ETF (IPO), a basket of recent IPOs, in December, assuming the IPO market would open up. CNBC's Jim Cramer, speaking early Thursday on Squawk on the Street , highlighted another obstacle for IPO buyers: investors are getting comfortable returns elsewhere with far lower risk. When David Faber asked why the IPO market was off to such a slow start with the markets so strong, Cramer replied, "I think it's the five percent solution," he said, referring to the ocean of money still sitting in money market funds.

Persons: Jay Powell's, Birkenstock, Smith Douglas, Amer, Greg Martin, Martin, Matt Kennedy, Kennedy, What's, Rainmaker, Del, CNBC's Jim Cramer, David Faber, Cramer Organizations: Amer, Wilson, NYSE, Smith Douglas Homes, BrightSpring, Renaissance Capital, Rainmaker Securities, Renaissance, Microsoft Locations: EBITDA, Squawk

NEW YORK (AP) — Adele Zerilli Springsteen, the longtime legal secretary, musical muse and concert dance partner who captured countless hearts in her son Bruce Springsteen 's E Street Nation and beyond, has died at 98. Bruce Springsteen announced in an Instagram post that his mother died Wednesday. She was “real smart, real strong, real creative,” with a “refusal to be disheartened,” Bruce told biographer Dave Marsh. Her life had an incredible consistency, work, work, work every day, and I admired that greatly," he told "Uncut" magazine in 2002, praising her “noble” juggling of work and home. E Street Band member Steven Van Zandt tweeted Thursday that Adele Springsteen was the “Matriarch of our family and an unrelenting source of inspiring positive energy.

Persons: — Adele Zerilli Springsteen, Bruce Springsteen, Glenn Miller, Adele Springsteen —, ”, “, Springsteen, —, Bruce Springsteen’s, Zerillis, fathoming, Adele Springsteen's, Adele, Bruce, ” Bruce, Dave Marsh, Ellis, Steven Van Zandt, Adele Springsteen, Bruce's, Douglas, Pamela Springsteen, Virginia, Rhonda Shafner, Dalton Organizations: Smiths, New, Stone, MetLife Locations: American, New York City, Freehold, New Jersey, America, Europe, New, Ellis, Los Angeles

Because anti-smoking groups aren’t just fighting the tobacco companies these days. They have fractured over tobacco harm reduction — the idea that people who cannot or will not quit smoking should be provided with alternatives, notably e-cigarettes, which deliver nicotine without burning tobacco. They argue that e-cigarettes will lead to a new generation addicted to nicotine, even if they are not smoking. It focuses largely, but not entirely, on reduced-risk nicotine products, a category that includes e-cigarettes, oral tobacco, and “heat not burn” products that warm up tobacco without burning it. There are no safe tobacco products; all fall along what’s called a continuum of risk.

Persons: Cliff Douglas, Philip Morris, Douglas, “, ” Douglas, Bloomberg Philanthropies, American Heart Association —, Michael Bloomberg, that’s, General’s, ”, Charles Gardner, Joanna Cohen, Ellen MacKenzie, Yolonda Richardson, Deborah Arnott, “ I’m, Michael Cummings, they’ve, Marc Gunther Organizations: Foundation, Philip, Philip Morris International, American Cancer Society, American Lung Association, Centers for Disease Control, Bloomberg, Tobacco, American Heart Association, Truth Initiative, Rockefeller, UBS Optimus, Bloomberg School of Public Health, Johns Hopkins University, Campaign, Reuters, FDA, Centers for Disease, Medical University of South, Associated Press, Philanthropy, AP Locations: United States, – California , Massachusetts , New Jersey , New York, Rhode, San Francisco, —, British, Medical University of South Carolina, vaping

Export manufacturing and other mainstream business activities in Myanmar have suffered since the military takeover, wiping out jobs that millions relied on to get by. The economy is forecast to grow at a meager 1% pace this year and about half the population is estimated to be living in poverty. Fighting with pro-democracy guerrillas and ethnic minority armed groups has escalated in recent months, raising pressure on the military, which has suffered some key defeats. However, United Nations officials estimate that nearly 18 million of the country's nearly 57 million people are in need of humanitarian aid. The Myanmar military administration reported $602 million in foreign direct investment last year, mostly in the energy sector, with only $112 million invested in manufacturing.

Persons: Aung, kyat, ” Miemie Winn Byrd, Daniel K, Inouye, “, ” Jeremy Douglas, ” Organizations: —, vise, Export, United Nations, U.S ., Pacific Center for Security Studies, U.S . Trade, Drugs, Southeast Locations: BANGKOK, Thailand, — Myanmar, Southeast Asia, Myanmar, Yangon, Myanmar's, North Korea, Inouye Asia, Bangkok, “

Pandemic school closures upended U.S. education. Many students lost significant ground, and the federal government invested billions to help them recover. Students Are Making a ‘Surprising’ Rebound From Pandemic Closures. The students most at risk are those in poor districts, whose test scores fell further during the pandemic. The analysis did not include Asian students, who represent 5 percent of public school students.

Persons: —, ”, Sean F, Reardon, Thomas J, Kane, Erin Fahle, Douglas O, “, Karyn Lewis, Ann Owens, Charlene Williams, Raymond Hart, Mark Sullivan, Bob Miller, Alberto M, Carvalho, ’ ”, Betsi Foster, Sullivan, Pascal Mubenga, Maria Ceja, Maria Ceja’s, Rosalina Rivera, Adam Perez, Margaret, George W, Bush, “ We’re, Eric Hanushek, Marguerite Roza Organizations: Stanford, Harvard, Educational, Dartmouth, “, Opportunity, Stanford University, Center for Education Policy Research, Harvard University, University of Southern, Schools, Oregon Department of Education, N.J ., N.J . Utah Pa, Ill, U.S, of, Great City Schools, The New York Times, Birmingham, Delano Union, Hoover Institution, Georgetown University — Locations: United States, Durham, N.C, Birmingham, Ala, Delano, Calif, University of Southern California, Massachusetts, Kentucky, Tennessee, Oregon, Wis, N.J, N.J . Utah, S.D . Ind . Ohio Va . Conn, Mississippi, Tenn, Miss, Kan, R.I . Ky, Mich, . Ark . Oregon, ., Forsyth, Atlanta, Rochester, Detroit, Lake Oswego, Ore, Portland, Chicago, Nashville, Philadelphia, Los Angeles, California, Weakley County, Nevada

☆ South Carolina lawmaker Brandon Guffey is suing Instagram after his son died by suicide
▼ + stars: | 2024-01-30 | by ( Faith Karimi | ) edition.cnn.com time to read: +9 min

CNN —About two weeks after his oldest son’s funeral, South Carolina state house Rep. Brandon Guffey says he received a private Instagram message with a laughing emoji. Then Guffey and his younger son began to get messages demanding money in exchange for nude photos of his late son. South Carolina State Rep. Brandon Guffey in an undated photo with his wife, Melissa, and their sons, Gavin, 17, Coen, 16, and Callahan, 4. Minutes before he died by suicide in July 2022, Gavin Guffey sent his brother and friends this text message. South Carolina state Rep. Brandon Guffey, right, has lobbied hard for tougher penalties for sextortion scammers.

Persons: Brandon Guffey, Gavin Guffey, Guffey, Gavin, Melissa, Coen, Callahan, they’ve, Gavin Guffey texted, Gavin texted, Henry McMaster, scammers, Brandon Guffey “, ” Guffey, “, ”, ‘, “ Meta, It’s, ” Douglas DePodesta, ” Gavin Guffey, Jordan DeMay, Ryan Last, sextortion scammers, I’m, they’re, “ They’re, he’s, He’s Organizations: CNN, Meta, South Carolina State Rep, Gov, FBI, United States Attorney’s Office, Western, Western District of Michigan, Facebook, Rep, sextortion, Communications Locations: South Carolina, “, Rock Hill , South Carolina, Venmo, Memphis, United, Western District, Nigeria, Marquette , Michigan, San Jose , California

With one team scoring after just 18 seconds and another after 21 seconds, the Premier League made an explosive return Tuesday following the competition's short winter break. Arsenal left it much later for its goals in a win that kept the pressure on Liverpool at the top. Arsenal might be able to maintain a title push heading into the final months of the campaign, but can Aston Villa? Adebayo's first came after just 18 seconds and it was barely the quickest of the night, with Ben Brereton Diaz scoring after 21 seconds for Sheffield United in its 3-2 loss at Crystal Palace. Ollie Watkins grabbed a consolation for Villa, which will drop to fifth place if Tottenham beats Brentford on Wednesday.

Persons: Gabriel Jesus, Bukayo, Aston, Unai, Villa, Elijah Adebayo, Ben Brereton Diaz, JESUS, ARSENAL Gabriel Jesus, Oleksandr Zinchenko, Matt Turner —, Jesus, Taiwo Awoniyi, Villa hadn't, Fabian Schar, Alex Moreno’s, Ollie Watkins, ___ Steve Douglas Organizations: Premier League, Arsenal, Liverpool, Arsenal's, Nottingham Forest, Aston Villa, Champions League, Luton, Sheffield United, Crystal Palace, Fulham, Everton, ARSENAL, Forest, Chelsea, VILLA, Newcastle, Villa, Tottenham, Brentford, Wednesday Locations: Liverpool, Newcastle, Brighton, Brazil, Oleksandr

☆ Rent is unaffordable for over half of US tenants, but the cost is cooling
▼ + stars: | 2024-01-30 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

The median asking rent was $1,713, which was down $4 from November and down $63 from the July 2022 peak. However, median rent is still $309 higher than the same time in 2019, before the pandemic. What’s more, 12 million of those renters are severely cost burdened, which means they are paying more than half of their income on housing. Following changes in housing needs during the pandemic and an already existing low supply of multifamily housing in some markets, rents surged in 2021 and 2022. Without continued new supply in addition to enhanced rental support, the Harvard report concludes affordability will remain a critical concern for many renters.

Persons: Chris Herbert, ”, Whitney Airgood, Douglas Elliman, Miller Samuel Real, “, Anthemos Georgiades, ” Georgiades Organizations: DC CNN, Harvard University’s, for Housing Studies, Harvard Joint Center for Housing Studies, Harvard, Census Bureau, Builders, National Association of Home Builders, Baby Boomers Locations: Washington, United States, Manhattan

☆ Boeing was once known for safety and engineering. But critics say an emphasis on profits changed that
▼ + stars: | 2024-01-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +22 min

Boeing is back in the headlines for all the wrong reasons again after the Alaska Airlines 737 Max 9 incident. Boeing workers participating in a "Quality Stand Down" at Boeing's 737 Max factory in Renton, Washington on January 25, 2024. One of the first Boeing 737 Max jets on the production line at the company's manufacturing facility in Renton, Washington, U.S., on Monday, Dec. 7, 2015. The airlines around the world that have already bought Boeing planes basically need to keep using those models, whatever the problems. Commercial pilots are certified on specific models and are not able to easily move from single-aisle to widebody versions of Boeing jets, let alone between a Boeing and an Airbus jet.

Persons: I’m, Dave Calhoun, we’ve, ”, “, Calhoun, Max, Jason Redmond, Stan Deal, Ed Pierson, McDonell Douglas, Critics, ” Ron Epstein, McDonnell Douglas, Jim McNerney, Tammy Duckworth, Aaron Schwartz, ‘ We’re, Richard Aboulafia, Joshua Drake, Boeing Calhoun, Bank of America’s Epstein, it’s, Pierson, Max ”, Robert Clifford, people’s, ” Calhoun, David Ryder, Aboulafia, Boeing’s Organizations: New, New York CNN, Boeing, Alaska Airlines, National Safety Transportation Board, Pilots, Max, Alaska Air, Getty, Foundation for Aviation Safety, CNN, “ Boeing, Bank of America, General Electric, Procter, Gamble, McKinsey, Co, GE, Associated, Pentagon, Capitol, FAA, Airbus, Joshua Drake Photography, Blackstone Group, Nielsen, Bank of, Aviation, Bloomberg, Ethiopian Aircraft Accident, US National Transportation Safety Board, Internal Locations: New York, Renton , Washington, AFP, Alaska, Soviet Union, Pacific, Chicago, Seattle, Washington, DC, Mobile , Alabama, Wichita, Oklahoma, Carolina, South Carolina, Calhoun, Indonesia, Ethiopia, Renton , Washington , U.S

☆ Amazon brings ads to Prime Video
▼ + stars: | 2024-01-29 | 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 EmailAmazon brings ads to Prime VideoHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Mark Douglas, MNTN, joins the show to discuss Amazon Prime placing ads on programming.

Persons: Brian Sullivan, “, Mark Douglas Organizations: CNBC, Amazon

☆ Opinion: What could fall apart after Trump’s victory
▼ + stars: | 2024-01-28 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —In 2018, Irish journalist Fintan O’Toole proposed the “Yeats Test” to determine how bad things are in the world. Although … Haley is the last contender standing between former President Donald Trump and the Republican nomination…most Republican voters do not want an alternative to Trump; they overwhelmingly back him. Polling shows Trump even leads Haley in her home state of South Carolina.”Haley’s quest is going nowhere, wrote Daniel McCarthy. Join us on Twitter and FacebookTrump’s election-night needling of South Carolina Sen. Tim Scott, who endorsed the president over Haley, stood out.

Persons: Fintan O’Toole, Yeats, ” O’Toole, Donald Trump, —, William Butler Yeats, Mitch McConnell’s, Trump, doesn’t, Joe Biden, Clay Jones, Nikki Haley, ”, Raul Reyes, … Haley, Haley, Daniel McCarthy, Ron DeSantis, “, Paul Begala, South Carolina Sen, Tim Scott, Tim, ” Trump, Scott, E, Jean Carroll, Ana Marie Cox, Carroll —, Julian Zelizer, — Trump, ” Bill Bramhall, Biden, Douglas, Bruce A, Willis, John Avlon, Dean Obeidallah, Jon Stewart, Bill Burns, Lishay Lavi, Omri Miran, Roni, Alma, ” Lavi, ” Barbie, Oscar Bill Bramhall, New York Daily News Sara Stewart, Barbie ”, “ Tuesday’s Oscar, ‘ Barbie, Greta Gerwig, Margot Robbie, Barbie, it’s, Brad Meltzer, Ken, ’, Hannah Ryan, Barbie ’, Sofia Coppola’s ‘ Priscilla ’, Priscilla Presley’s, Elvis —, Molly Manning Walker’s, Ava DuVernay’s, Noah Berlatsky, Dr, Strangelove ”, Peter Bergen, Elena Sheppard, Kyte, Nick Anderson, Narges Mohammadi, Jennifer Tucker, Wayne LaPierre, Erik German, Frida Ghitis, Elon Musk, Jill Filipovic, millennials, David S, Cohen, Greer Donley, Rachel Rebouché, David Mark, …, Lisa Benson, Suzanne Plunkett, Michelle Francl didn’t, Rosa Prince, You’re, you’ll Organizations: CNN, GOP, Republican, Trump, Polling, Florida Gov, Republican Party, ”, Twitter, Facebook, New York Daily, CIA, New York Daily News, Warner Bros, Warner Bros ., Academy, Counterpoint, NRA, Harvard, Bryn Mawr College, Boston Harbour Locations: Irish, “, Ukraine, New Hampshire, South Carolina, Iowa, New York, Douglas London, Georgia, Gaza, Israel, Bergen, Boston, Pennsylvania

☆ Gig driving was a glimmer of hope for many people with disabilities — but for some, it's a dead end.
▼ + stars: | 2024-01-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +14 min

Some told BI that they can't find other accommodating jobs and that gig work is a dead end. He said gig driving was one of his only options to supplement his disability benefits. Robert is one of many disabled gig drivers who say they have no other options to make a living. "Disabled gig workers can be forced to rely on gig work for income because of issues with exclusion and discrimination in traditional workplaces," Shruti Sannon, a technology-policy program director at the ACLU who authored a paper on disabled gig workers, said. For many disabled gig drivers with medical issues, gig work is a temporary but necessary step toward getting back on their feet.

Persons: Uber, —, Robert, there's, he's, Shruti Sannon, Sannon, Lyft, they're, Omar Ford, Jason McConahy, it's, aren't, Douglas Kruse, Lisa Schur, Schur, Kruse, " Kruse, Shane, hasn't, I've, Rene, Richard H, Richard, I'd, Michael, Jacob Zinkula Organizations: Service, Lyft, Business, Rutgers University School of Management, Labor Relations, Rutgers, of Labor Statistics, Marine Corps, Air Force, Uber, Arizona State University Locations: Portland , Oregon, South Florida, Las Vegas, North Carolina, Denver, Phoenix, New Jersey

☆ BrightSpring debut is the latest rough spot for this year's sluggish IPO market
▼ + stars: | 2024-01-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

On Friday, BrightSpring Health Services, a home and community-based healthcare services provider, went public on the Nasdaq, pricing 53.3 million shares at $13, below the price talk of $15-$18. The company originally filed in October 2021 but pulled the deal, according to Renaissance Capital. Kaspi.kz, a Kazakhstan-based "super-app," went public last week and is still trading slightly below its initial offering price of $92. After two ugly years, big hopes for 2024 The IPO market has been on a roller-coaster ride for the last several years. The Nasdaq is off to a strong start, up nearly 3% this month heading into Friday, but the Renaissance Capital IPO ETF (IPO), a basket of recent debuts, is down 8%.

Persons: homebuilder, Douglas, Matt Kennedy Organizations: BrightSpring Health Services, Nasdaq, Renaissance, Douglas Homes, NYSE, Renaissance Capital, Arm Holdings Locations: Kazakhstan

☆ The S&P 500 hit another all-time high—but don't switch up your retirement saving strategy, says CFP
▼ + stars: | 2024-01-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Your 401(k) may look a little better than usual as tech stocks pushed the S&P 500 index to another all-time high as of market close on Thursday. But now's not the time to change up your retirement saving strategy. Your retirement saving strategy should be proactive rather than reactive. Since the stock market is, by nature, unpredictable, it isn't wise to base your long-term investment strategy on how the market is performing in the short term. "You can't predict exactly when that bull market becomes a bear market and vice versa," Shamrell says.

Persons: now's, You've, Douglas Boneparth, Mike Shamrell, Shamrell Organizations: Bone, CNBC

NEW YORK (AP) — Pornographic deepfake images of Taylor Swift are circulating online, making the singer the most famous victim of a scourge that tech platforms and anti-abuse groups have struggled to fix. Sexually explicit and abusive fake images of Swift began circulating widely this week on the social media platform X. The deepfake-detecting group Reality Defender said it tracked a deluge of nonconsensual pornographic material depicting Swift, particularly on X. Some images also made their way to Meta-owned Facebook and other social media platforms. “The images may be fake, but their impacts are very real," Morelle said in a statement.

Persons: Taylor Swift, Swift, ”, Mason Allen, Brittany Spanos, Spanos, Douglas Baldridge, Gwyneth Paltrow’s, X, Elon Musk, “, Meta, Swift didn’t, Allen, OpenAI's DALL, OpenAI, Satya Nadella, Lester Holt, ” Nadella, Midjourney, who've, Yvette D, Clarke, New York who's, ” Clarke, Joe Morelle, Morelle Organizations: Twitter, DeepTrace, Hollywood, South, Rolling Stone, New York University, DJ, Associated Press, Elon, Microsoft, NBC Nightly, U.S, U.S . Rep, New, New York Democrat Locations: Meta, New York

☆ Older tech titans outshining the Mag 7 with 'cash flow', says Douglas C. Lane's Sarat Sethi
▼ + stars: | 2024-01-25 | 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 EmailOlder tech titans outshining the Mag 7 with 'cash flow', says Douglas C. Lane's Sarat SethiHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Douglas C, Lane's Sarat Sethi, Brian Sullivan, “ Organizations: CNBC

More than 8.5 million abandoned homes in rural Japan are creating a "ghost town" problem. There are more than 8.5 million akiya , or abandoned homes, in rural Japan, according to the country's 2018 Housing and Land Survey, its most recent on record. The institute predicts akiya could exceed 30% of homes in Japan by 2033. As Richard Koo, the chief economist at NRI, told them at the time, the Japanese countryside has been hollowing out since the mid-'90s. Why aren't more Japanese people buying abandoned countryside homes?

Persons: —, who've, Richard Koo, There's, Chris McMorran, Koo, Douglas Southerland, McMorran, Natasha Durie, Durie, Eric McAskill, McAskill, Jaya Thursfield, Chihiro, Kurosawa, Joey Stockermans, akiya Organizations: Service, Survey, Nomura Research Institute, Business Insider's, NRI, National University of Singapore, of Anthropology, Ethnography, Oxford University, Canadian Real Estate Association Locations: Japan, Business Insider's Singapore, Gifu, Vancouver, Canada, Nagano Prefecture, England, Ibaraki Prefecture, London, North America, Kyushu, akiya

☆ United's CEO seemed to subtly threaten a move away from Boeing, saying the Max 9 grounding is 'the straw that broke the camel's back'
▼ + stars: | 2024-01-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. The Boeing 737 Max 10 is the largest version of the narrowbody jet, but has been hampered by delays as it still awaits certification. AdvertisementKirby told CNBC he believes the best case for 737 Max 10 deliveries is still five years behind schedule. A Boeing 737 Max 10 at the 2023 Paris Air Show. "I have a lot of confidence in the people: great mechanics, great engineers, great history.

Persons: —, Scott Kirby, Kirby, Max, Pete Syme, McDonnell Douglas, we're, Stan Deal Organizations: Service, United Airlines, CNBC, Boeing, Business, Airbus, Airplanes, FAA Locations: European

☆ WWE deal doesn't mean Netflix will invest more in sports, co-CEO says
▼ + stars: | 2024-01-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

After Netflix and WWE parent company TKO Group announced the deal Tuesday morning, it sparked questions about whether Netflix would try to buy streaming rights for one of the major sports leagues. Netflix paid more than $5 billion for 10 years of WWE's Raw and other international programming. Sarandos called the WWE Raw deal "the inverse of Formula 1," as WWE is popular in the U.S. and has a relatively small international audience. "We can build [WWE] like we have with Formula 1 through our shoulder programming," Sarandos said. The move to pay a giant rights deal is a clear shift for Netflix.

Persons: Dwayne, Johnson, John Cena, Ted Sarandos, Sarandos, WWE's, Mark Douglas Organizations: Life, Netflix, WWE, National Basketball Association, NBA, CNBC Locations: Miami Gardens , Florida, U.S

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