DIRS.INFO The most relevant business & tech news

☆ DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million
▼ + stars: | 2024-05-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Trump Media & Technology Group, the parent company of Donald Trump's Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission. "We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform," Nunes added. In April, the company announced that Truth Social would launch a TV streaming platform in three phases, the first for Android, iOS, and Web. In its Q1 report, TMTG said it has signed contracts with its first data center partner, which would host the TV platform, and a hardware vendor to provide equipment.

Persons: Donald Trump, Donald Trump's, Devin Nunes, Nunes, TMTG Organizations: Trump Media & Technology Group, Securities and Exchange Commission, Nasdaq, Android, SEC, BF Locations: Washington ,

☆ My name was unusual when I was a kid. Now it's more common, but the way I spell it is still rare.
▼ + stars: | 2024-05-19 | by ( Courtenay Rudzinski | ) www.businessinsider.com time to read: +3 min

Teachers would pause and stumble on it, and no one knew how to pronounce it (Courtenay rhymes with Fort Lee), spell it, or how many syllables it had (two). People understood right away what I was saying, and I didn't have to spell or repeat it. I'm impressed and touched when someone takes the time to spell my name correctly, and it's made me hyper-aware of spelling others' names right. Because I always had to spell and repeat my name, I wanted my own kids to have short, simple ones. I once hoped that I might marry someone with a short, easy last name, but it was not to be.

Persons: — Courtenay —, Courtenay, Fort, Rebecca, Sunnybrook, Kim, Kathy, Amy, Corky, —, she'd, Jack Valenti, Lisa, Lynn, I've, Britney, It's, Courteney Cox, Courtney Love, Courtney Thorne, Smith, Kourtney Kardashian, I'm, it's, I'd, Ava — Organizations: Service Locations: Fort Lee, Little, Iowa, Portland

☆ Ukraine bombs the port where Russia's Black Sea fleet moved to after Crimea got too risky for its warships, reports say
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Ukrainian drones hit Novorossiysk port, causing a fire and power outages, reports say. The attack follows heightened defenses at the port after previous Ukrainian strikes on Crimea. Novorossiysk is vital for Russia's oil exports and naval operations in the Black Sea. AdvertisementThe Russian port of Novorossiysk, which has become an important base for the Black Sea Fleet after repeated attacks on its traditional base in Crimea, has been targeted by Ukrainian drones and missiles. This attacks follows previous reports by the UK Ministry of Defence indicating that Russia has been bolstering defenses at the Novorossiysk port to protect its Black Sea Fleet from potential Ukrainian attacks.

Persons: — Organizations: Service, Black, UK Ministry of Defence, Business Locations: Novorossiysk, Crimea, Russia

☆ Rudy Giuliani boasted he wouldn't be served with an indictment notice — officials did just that at his 80th birthday party
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Rudy Giuliani was served an indictment notice at his 80th birthday party in Palm Beach, Florida. The notice relates to alleged efforts to overturn the 2020 election results in Arizona. Giuliani had tweeted that the notice servers wouldn't find him. AdvertisementRudy Giuliani was served an indictment notice during his 80th birthday party after bragging on social media that he would avoid the law officials. Giuliani was served at a party on Friday night hosted by GOP operative Caroline Wren in Palm Beach, Florida, with guests taken aback by the intrusion, reports said.

Persons: Rudy Giuliani, Giuliani, —, Caroline Wren Organizations: Service, GOP, Business Locations: Palm Beach , Florida, Arizona

☆ Richard Mille watch could set a record at Christie’s New York auction
▼ + stars: | 2024-05-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —Auction house Christie’s in New York is set to offer up its most expensive watch ever – a limited-edition Richard Mille – alongside rare timepieces, such as ones that once belonged to a former US president and an Apollo 7 astronaut. The transparent Richard Mille wristwatch, with a complex sapphire case design and sapphire crystal skeletonized tourbillon, is expected to sell for up to $4 million at auction at Christie’s Rockefeller Center on June 10. “We are particularly enthusiastic about offering the Limited-Edition Richard Mille RM56-02 AO Tourbillon Sapphire, a remarkable achievement in both pioneering materials and micro-engineering,” Rebecca Ross, head of sale at Christie’s in New York, said in the release. Another limited-edition Richard Mille watch, with a diamond-set skull, will be the first of its kind to be brought to auction and is expected to fetch up to $1 million, according to Christie’s. The Rolex Daytona watch was reportedly worn by late NASA astronaut Walter Cunningham in space.

Persons: Richard Mille –, Mille, ” Christie’s, Richard Mille RM56, Sapphire, ” Rebecca Ross, Richard Mille, Paul Newman, Walter Cunningham, Cunningham, Philippe, Lyndon B, Johnson, Robert Kerr, –, ” Ross Organizations: CNN, Christie’s Rockefeller Center, NASA, Rolex, Tiffany Locations: New York, Hong Kong

☆ Biden confronts 2024 weak spots with young, Black voters at Morehouse commencement
▼ + stars: | 2024-05-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden addresses Morehouse College graduates during a commencement ceremony in Atlanta, Georgia, U.S., May 19. Biden's commencement address at Morehouse comes as recent polling has showed Black voters, especially young ones, have weakening enthusiasm for the president. Meanwhile, former President Donald Trump's support from Black voters has increased by 9 percentage points. But Biden still has the majority of support among Black voters, at 69% vs. Trump's 18%. Vice President Kamala Harris has spent years reaching out to Black voters over the course of Biden's first term.

Persons: Joe Biden, Morehouse, Donald Trump's, Biden, Biden's, Sebastian Gordon, Kamala Harris, Wally Adeyemo, Steven Horsford, Harris, Adeyemo Organizations: Morehouse College, Morehouse, Black, NBC, NBC News, White House, Georgia, NAACP, state's Democratic, Biden Locations: Atlanta , Georgia, U.S, Gaza, Black, Atlanta, Israel, Detroit, Nevada, Wisconsin

☆ Ukraine Destroys Russian Minesweeper in Black Sea, Ministry Celebrates
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Ukraine says it has destroyed a Russian minesweeper in the Black Sea. The Ministry of Defense of Ukraine celebrated the loss of the Kovrovets minesweeper on X.Ukraine claims to have destroyed or disabled a third of Russian ships in the Black Sea during the war. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkrainian forces destroyed Russia's Kovrovets sea minesweeper, the Ukrainian Navy reported on Telegram. "The Naval Forces of the Armed Forces of Ukraine, together with their comrades, continue to bring us closer to victory," the Ukrainian Navy wrote on its Telegram channel.

Persons: — Organizations: Ministry of Defense, Service, Ukrainian Navy, Naval Forces of, Armed Forces of Locations: Ukraine, Russian, Armed Forces of Ukraine

☆ Trump sought $1 billion from oil execs for his 2024 campaign in a deal worth $110 billion to energy giants, reports say
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Trump is alleged to have sought $1 billion from oil executives at Mar-a-Lago for his 2024 campaign. Oil companies risk losing $110 billion in tax breaks if Biden's budget is enacted, said The Guardian. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Trump, —, Donald Trump Organizations: Mar, Guardian, Service, Washington Post, Democratic, Business

☆ Indian authorities seize over $1 billion worth of illegal vote inducements, including drugs and cash, in country's elections
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Indian authorities have seized over $1 billion in cash, drugs, and goods in the country's elections. The amount has surpassed the total seized during the whole of the last general election in 2019. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Election Commission of India (ECI) said it has seized 88.9 billion rupees, or around $1.1 billion, in drugs, cash, and other goods like precious metals and liquor as part of its efforts to stamp out illegal vote inducements in the country's general election.

Persons: — Organizations: Service, of India, Indian government's Press, Business

☆ Insider Today: Etihad Airways' 'apartment' seats
▼ + stars: | 2024-05-18 | by ( Joi-Marie Mckenzie | ) 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. Open House OpticsThis week's dispatchSkinny houses, big dramaAdvertisementCould you live in a 10-foot-wide house? That's the case for this skinny home, which was built out of spite because the neighbors didn't want the house built on a leftover residual lot. iStock; Rebecca Zisser/BIEtihad Airways' private 'apartments'Forget business class — Etihad Airways offers private "apartments," or rooms with a closing door, a couch that converts to a bed, and a reclining chair. Rory JonesBuilding a home in BaliDespite never visiting the Indonesian island, an Australian couple built an investment property in Bali.

Persons: —, didn't, Jordan, Rebecca Zisser, Guy Fieri, Kevin Mazur, Fieri, it's, Fiona Chandra, Rory, Casey Jones, Rory Jones, they're, Tyler Le, Colin, Young Sheldon, Ashley Madison Organizations: Service, Business, BI Etihad Airways, Etihad Airways, Conrad, CBS Locations: Albuquerque , New Mexico, Mission , Texas, New Haven , Connecticut, Jacksonville Beach , Florida, Washington ,, Maldives, Conrad Maldives, Bali, Indonesian, Australian

☆ The model for NATO defending Ukrainian airspace from Russian attacks already exists, says German politician
▼ + stars: | 2024-05-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Germany is showing cross-party support for defending Ukraine's border regions from NATO territories. A German politician said the Western defense of Israel from Iran is a blueprint for protecting Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Western response to Iran's barrage of attacks against Israel represents a potential model for defending Ukraine's border regions from NATO territories, a German politician has said. Calls have been growing for NATO countries to use air defenses based in eastern Europe to take down Russian missiles and drones targeting Ukraine.

Persons: —, Anders Fogh Rasmussen Organizations: NATO, Kyiv, Service, NATO's, Business Locations: Germany, Ukraine's, Israel, Iran, Ukraine, German, Europe, Poland, Romania

☆ IDF claims Hezbollah drone struck Israel's giant missile-detecting airship, report says
▼ + stars: | 2024-05-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The IDF has claimed Hezbollah hit its "Sky Dew" radar balloon, a report says. The IDF responded by striking Hezbollah sites, an IDF spokesperson said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Israel Defense Forces (IDF) claimed that a Hezbollah drone struck a large missile-detecting airship known as "Sky Dew," Israeli outlet Ynetnews reported. "There were no casualties and no impact to the IDF's aerial situational awareness capability in the area," IDF Spokesperson Rear Admiral Daniel Hagari said, per Ynet News.

Persons: —, Daniel Hagari Organizations: IDF, Service, Israel Defense Forces, Business Locations: Israel, Lebanon

☆ Ukraine Reports No Shortages of Artillery Shells for First Time: Zelenskyy
▼ + stars: | 2024-05-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Read previewUkrainian President Volodymyr Zelenskyy said earlier this week that Ukraine's forces had reported no shortages of artillery shells for the first time since Russia launched its full-scale invasion in February 2022, the Kyiv Independent reported. "For the first time during the war, none of the brigades complained that there were no artillery shells," Zelenskyy said on May 16. Diego Herrera Carcedo/Anadolu Agency via Getty ImagesUkraine's armed forces have faced severe artillery shortages in recent months, partly due to a US military aid package being stalled in Congress. Despite this, Russian artillery will likely outmatch Ukraine's for most of 2024, officials and analysts told Foreign Policy. He added that he expected Ukrainian forces would "hold the line" near Kharkiv City.

Persons: —, Volodymyr Zelenskyy, Zelenskyy, milblogger Stanislav Osman, Diego Herrera Carcedo, Rustem Umerov, Petr Pavel, Vladimir Putin, Christopher Cavoli Organizations: Service, Kyiv Independent, Business, Kyiv Post, Army, Anadolu Agency, Getty, EU, BBC News, Policy, CNN, for Locations: Russia, Kyiv, Kharkiv, Ukraine's, Ukraine, Ukrainian, Donetsk Oblast, Avdiivka, Donetsk, Czech Republic, Russian, Kharkiv City

☆ Tattoo artist Shani Louk became a symbol of the music festival massacre by Hamas. The IDF has finally recovered her body.
▼ + stars: | 2024-05-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Read previewThe Israel Defense Forces recovered three hostages' bodies from the Gaza Strip, the Israeli military announced on Friday. Shani Louk became a symbol of Hamas' October 7 terrorist incursion into Israel after photos and video footage of her body being abducted went viral. AdvertisementLouk's father, Nissim Louk, spoke of the "relief" of finally having secured the body of his 22-year-old daughter. Hamas militants drive back to the Gaza Strip with the body of Shani Louk. AdvertisementOn October 7 Hamas militants also seized 252 hostages in Israel; 129 hostages are still in captivity in the Gaza Strip, according to Israeli broadcaster Kan.

Persons: —, Daniel Hagari, Shani Louk, Amit Buskila, Yitzchak Gleren, Nissim Louk, Ali Mahmud, Shani, Louk's, Ali Mahmud More, Kan Organizations: Service, Israel Defense Forces, ISA, Business, Nova, Daily, Press, Reynolds Journalism, Hamas, AP, UN Office, Humanitarian Affairs Locations: Gaza, Israel, Kibbutz Re'im, of Israel

☆ Opinion: Thank goodness this season of ‘Bridgerton’ isn’t short on the sex
▼ + stars: | 2024-05-18 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +7 min

CNN —“Bridgerton” is finally back, and the new season has been infused with a much-needed aphrodisiac. But season three, which centers on Penelope Featherington (Nicola Coughlan) — a.k.a. In recent months, there’s been talk about how sex is returning to movies after a long, dull period of primarily PG-13 fare. ), but this season’s “Bridgerton” is doing a fine job with the foreplay as well, teasing the furtive looks and fantasies of its two leads as well as delving into several other boudoirs. Escaping into the candy-colored, racially diverse, endlessly horny utopia of Mayfair might just be the perfect balm for the 2024 soul.

Persons: Sara Stewart, CNN —, ”, Sara Stewart Todd Thompson, Julia Quinn’s, Penelope Featherington, Nicola Coughlan, — a.k.a, Lady Whistledown —, Colin Bridgerton, Luke Newton, he’d, he’s, Coughlan, Regé, Jean Page, Simon Basset, Duke of Hastings, Jonathan Bailey, Viscount Anthony Bridgerton, Colin, He’s, Darcy, we’d, Anthony, Jane Austen, Nathaniel Hawthorne, Hawthorne, —, That’s, there’s, Luca Guadagnino’s “, Fennell’s, Glen Powell, “, Kathleen Turner, William Hurt, we’ve, Coughlan’s Penelope, bravo, Rebecca Yarros, Sarah Maas, Colleen Hoover, ’ Organizations: CNN, Netflix, Guardian, “, ”, New York Times, Twitter Locations: Pennsylvania, America, BookTok, Mayfair

The storm also battered New Orleans overnight, with severe thunderstorms and flooding possible again Friday, according to the local branch of the National Weather Service. A home is severely damaged by a fallen tree after heavy winds and rains ripped through the region on May 17, 2024 in Houston, Texas. Across Houston, photos and videos on social media showed intense flooding and downed trees, as well as toppled electrical towers and power lines. Another video showed baseball fans leaving the stadium amid the bad weather. Strong winds appeared to have blown off roof panels at a Hyatt Regency Hotel in Houston, a video posted to X showed.

Persons: Melissa Phillips, Ike, Houston Mayor John Whitmire, Logan Riely, Harris, Lina Hidalgo, Hidalgo, Samuel Peña, Whitmire, Greg Abbott, Abbott, Brett Coomer, Jon Shapley Organizations: Hearst Newspapers, Getty, Houston Mayor, National Weather Service, Houston Independent School District, Houston Fire, Texas Gov, Texans, Facebook, Houston Astros, Hyatt Regency Locations: Parkway, West, Cypress, Texas, Houston, Romayor, New Orleans, Houston , Texas, Southeast Texas, Sowden, Houston's Harris County, Fargo Plaza

☆ The newest weight-loss hack has people turning to a highly addictive drug
▼ + stars: | 2024-05-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how Zyn nicotine pouches are becoming the new weight-loss quick fix . A new weight-loss quick fix is making the rounds just in time for summer's unofficial start (Memorial Day), but this one relies on a highly addictive drug. However, one doctor Hilary spoke to has concerns about the effects of using nicotine to lose weight. Wilson, Amazon, Albany Times Union/Hearst Newspapers/Getty, Creative Crop/Getty, Tyler Le/BIOf course, you don't have to rely on a highly addictive drug to lose weight. Disney CEO Bob Iger said he's giving too much money to the Big Tech app stores that distribute Disney-owned streamers like Hulu and Disney+.

Persons: —, Michael M, Rebecca Zisser, Hilary Brueck, Mia de Graaf, Hilary, they're, They're, Wilson, Tyler Le, I'm, BI's Jordan Hart, padel, Gabby Landsverk, Jamie Dimon Jamie Dimon, Jerome Powell, Bob Iger, Bernstein, Rouco, Zers, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Business, Getty, bros, Albany Times Union, Hearst Newspapers, Creative, CNBC, JPMorgan, GameStop, Disney, Big Tech, Hulu, Google, Big, Microsoft, Wall Street, Citi Locations: Amazon, China, Ireland, Australia, millennials, New York, London

☆ Take My Wife, Please: For Political Damage Control, Just Blame Your Spouse
▼ + stars: | 2024-05-17 | by ( Rebecca Davis O Brien | Reid J. Epstein | ) www.nytimes.com time to read: +1 min

It is a tale as old as Adam and Eve: A husband, faced with accusations of misconduct, blames the wife. It is also a time-honored, bipartisan political strategy. This week, Justice Samuel A. Alito Jr. and Senator Bob Menendez of New Jersey pointed ringed fingers at their wives for episodes that have landed each man in political or legal trouble. The justice’s wife, Martha-Ann Alito, was in a feud with neighbors at the time over an anti-Trump sign, The Times reported. In the case of Mr. Menendez, a Democrat, it was his lawyer who did the finger pointing.

Persons: Adam, Samuel A, Alito Jr, Bob Menendez, Alito, ”, Donald J, Trump’s, Biden’s, Martha, Ann Alito, Menendez, Avi Weitzman Organizations: Bob Menendez of New, New York Times, Times, Democrat Locations: Bob Menendez of, Bob Menendez of New Jersey, Manhattan

☆ Elon Musk axed the entire Tesla Supercharger team after their division chief defied orders and said no to more layoffs
▼ + stars: | 2024-05-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewTesla CEO Elon Musk made the snap decision to fire the entire Supercharger team after its division chief refused to make further layoffs happen, Reuters reported on Wednesday. The billionaire said in an email to staff on April 29 that he was dissolving the entire team behind Tesla's charging infrastructure, per The Information. AdvertisementRepresentatives for Tesla, Musk, and Tinucci didn't respond to Reuters' request for comment. The Tesla chief moved quickly to assuage concerns, and assured investors that Tesla's Supercharger network isn't going anywhere. A slowdown in the rollout of Tesla's charging infrastructure would thus be a setback for Biden's clean-energy agenda.

Persons: —, Elon Musk, Musk, Rebecca Tinucci, Tinucci, Tesla's, Tesla, Mercedes Benz, haven't, Aaron Luque, Joe Organizations: Service, Reuters, Bloomberg, Business, Tesla, The, Motors, Ford, Politico, BI

Where each candidate has more donors orfewer donors compared with 2020, by county Biden Biden Trump Trump The New York TimesAcross most of the country, Mr. Trump has fewer donors than he did at the same time in 2020, while Mr. Biden has more. As of the end of March, Mr. Biden had 1.1 million unique individual donors, compared with one million for Mr. Trump. In Delaware, Mr. Biden has roughly twice as many donors as Mr. Trump, an analysis of contributions by ZIP codes shows. Arizona Where each candidate has more donors orfewer donors compared with 2020, by ZIP code Biden Trump The New York TimesIn Arizona, which is a battleground state in 2024, Mr. Biden has picked up donors. In North Carolina, a battleground state, Mr. Biden has gained donors relative to Mr. Trump since 2020.

Persons: Biden, Trump, Donald J, Biden's, Trump's, Mr, Bernie Sanders, Nikki Haley Organizations: Trump, Biden Biden Trump Trump The New York Times, Biden, Mr, New York Times, Federal, Commission, The Times, Siena College, The Philadelphia Inquirer, Democratic, Republican, ZIP, Biden Trump The New York Times, Republican Party . Arizona, Biden Trump The New York, Democrats, Biden Trump U.S, New York Locations: Vermont, Delaware, New York, New York City, Manhattan, Long, Arizona, Flagstaff, Tucson, Phoenix, Scottsdale, Nevada, Las Vegas, Michigan, Biden Trump The New York Times In Michigan, Ann Arbor, Dearborn, Detroit, Grand Rapids, Siena, North Carolina, South Carolina, Pa

☆ R.F.K. Jr. Draws Another $8 Million From His Running Mate, Nicole Shanahan
▼ + stars: | 2024-05-16 | by ( Rebecca Davis O Brien | Chris Cameron | ) www.nytimes.com time to read: +1 min

Robert F. Kennedy Jr.’s running mate, the Silicon Valley investor Nicole Shanahan, said on Wednesday night that she had given another $8 million to their independent presidential campaign as it carries out the expensive endeavor of gaining ballot access across the country and tries to propel Mr. Kennedy onto debate stages. Ms. Shanahan, a lawyer who was formerly married to the Google co-founder Sergey Brin, gave the campaign $2 million shortly after Mr. Kennedy named her as his running mate in March. After a nod to the media, Ms. Shanahan said, “I think I know what they’re going to say — they’re going to say Bobby only picked me for my money,” a remark that drew laughter from the crowd. She followed performances by comedians including Russell Brand, Rob Schneider and Jim Breuer, a former “Saturday Night Live” cast member. Many of the performers praised Mr. Kennedy, but they also used their time onstage to rail against Covid vaccinations, Dr. Anthony S. Fauci, the mainstream news media and President Biden.

Persons: Robert F, Kennedy Jr, Nicole Shanahan, Kennedy, Shanahan’s, Shanahan, Sergey Brin, “, Bobby, ”, Russell Brand, Rob Schneider, Jim Breuer, Mr, Anthony S, Biden Organizations: Mr, PAC, Google Locations: Nashville, Ryman

☆ Wayfair to open its first large store, as physical locations make a comeback
▼ + stars: | 2024-05-16 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +10 min

Wayfair follows other direct-to-consumer brands that have opened stores, including Warby Parker , Figs , Casper, Glossier and Everlane. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017. Jeenah Moon | Bloomberg | Getty ImagesOther privately held direct-to-consumer brands have also expanded into retail stores, including bedding company Brooklinen, furniture store Burrow and apparel brands Everlane and Untuckit. High cost of entryIf direct-to-consumer brands could all open stores and suddenly boost sales and profitability, they'd all be doing it. Courtesy: WayfairSome direct-to-consumer brands have already been burned after they expanded too quickly and demand fell.

Persons: Niraj Shah, Wayfair, Warby Parker, Glossier, They're, Larry Cheng, It's, you'll, Liza Lefkowski, Shah, Coresight, John Mercer, Coresight's, Trina Spear, Spears, King, King of Prussia, Rebecca Fitts, Alvarez, Tolia, Allbirds, Al Drago Organizations: CNBC, Apple iOS, Companies, Walmart, Target, Joss, Discount, TJX, Bloomberg, Getty, Marsal, Washington , D.C Locations: Wilmette , Illinois, Chicago, Casper, Amazon, U.S, Coresight Research's, Burlington, Los Angeles, Philadelphia, King, King of Prussia , Pennsylvania, Georgetown, Washington ,

Associate Supreme Court Justice Clarence Thomas arrives for the swearing-in ceremony of Neil Gorsuch as an Associate Supreme Court Justice in the Rose Garden of the White House, Washington, D.C., April 10, 2017. Two leading Democratic senators are pressing Supreme Court Justice Clarence Thomas to say whether he repaid a wealthy friend any of the principal for a $267,230 loan he used to buy a luxury motorhome. The letter to Thomas's lawyer, dated Tuesday, raises questions about potential tax violations by the conservative justice, who is the longest-serving member of the Supreme Court. Democrats point to reports that his wife, Ginni Thomas, took part in efforts to overturn the results of the 2020 election. The Supreme Court heard arguments in Trump's immunity appeal on April 25, with Thomas on the bench.

Persons: Clarence Thomas, Neil Gorsuch, Ron Wyden, Sheldon Whitehouse, Thomas, Anthony Welters, Prevost Le, Wyden, Elliot Berke, Whitehouse, Justice Thomas, Welters, Berke, ProPublica, Harlan Crow, Harlan, Donald Trump, Ginni Thomas Organizations: Justice, White House, D.C, New York Times, Finance Committee Locations: Rose, Washington, Welters

☆ These are the 13 mental health startups that could IPO, make acquisitions, or get bought this year, according to analysts
▼ + stars: | 2024-05-15 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Modern HealthModern Health provides personalized mental health treatment to employers, including coaching and therapy. Lennox-Miller said it's unlikely Modern Health could snag the same valuation from its last fundraise in a deal today. DeGagne said employer-focused mental health startups such as Modern Health have the potential for more profitable growth with "stickier" recurring revenue models. He said pharmacy giants Walgreens or CVS Health might seek to pick up a mental health asset like Modern Health. In a statement provided by Modern Health, Forrester senior analyst Jonathan Roberts said, "Modern Health is certainly a partner with its finger on the pulse.

Persons: Alyson Watson, Alexander Lennox, Miller, fundraise, DeGagne, Forrester, Jonathan Roberts Organizations: Modern Health, Health, Lennox, BI, Modern, Walgreens, CVS Health, CVS

☆ DOJ charges brothers with $25 million Ethereum heist that took 12 seconds
▼ + stars: | 2024-05-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: 1 min

The Department of Justice on Wednesday announced the indictment of two brothers for allegedly stealing $25 million in cryptocurrency within roughly 12 seconds. DOJ called it a "first-of-its kind" fraud, detailing the seconds-long scheme where the brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and steal $25 million. "As we allege, the defendants' scheme calls the very integrity of the blockchain into question," said U.S. Attorney Damian Williams for the Southern District of New York in a statement. Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, were arrested on Tuesday for charges of wire fraud and money laundering. The Pepaire-Bueno brothers studied math and computer science "at one of the most prestigious universities in the country," according to the DOJ.

Persons: Damian Williams, Anton Peraire, James Pepaire, Bueno Organizations: Justice, Wednesday, DOJ, Southern, of Locations: cryptocurrency, of New York

Search resuls for: "REBECCA"

25 mentions found