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SAN FRANCISCO (AP) — Promoters of a secretive Silicon Valley-backed ballot initiative to build a new city on farmland between Sacramento and San Francisco are releasing more details of their plan as they submit paperwork Wednesday to qualify for the November election. That's why Jan Sramek, CEO and founder of California Forever, and the project's backers are turning to the ballot. California and the San Francisco Bay Area are desperate for more housing, especially affordable homes for teachers, firefighters, police and other municipal workers who make a city run. Political Cartoons View All 253 ImagesSituated between the Bay Area and the state's capital, Solano County is an attractive location for military contractors, agriculture technology and construction tech companies seeking to innovate, said Gabriel Metcalf, head of planning for California Forever. The plan calls for $400 million to help Solano County residents buy homes in the proposed community.

Persons: stealthily, Jan Sramek, Gabriel Metcalf, Metcalf, Sramek, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, ”, John Garamendi Organizations: FRANCISCO, —, California, Travis Air Force Base, Solano County —, San, California Forever, LinkedIn, Democratic U.S . Rep, U.S . Air Force Locations: Sacramento, San Francisco, Solano County, Rio Vista, California, San Francisco Bay, Texas, Vallejo, Fairfield, Silicon Valley

☆ US bond investors brace for Fed rate cuts in 2024
▼ + stars: | 2023-11-30 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Traders' confidence was reinforced earlier this week when Fed Governor Christopher Waller, a hawkish policymaker, flagged a possible rate cut in the months ahead. SOFR FUTURESBond investors also look to the Secured Overnight Financing Rate (SOFR) futures to gauge expectations of Fed rate moves. The June 2024 SOFR futures have priced at least one Fed cut, while the probability of two 25-basis-point rate reductions was at 76%. An OIS transaction involves exchanging an overnight rate such as the federal funds rate for a fixed one. For instance, in a U.S. two-year OIS transaction, one party receives a fixed two-year rate in exchange for paying the fed funds rate daily over the next two years.

Persons: Brendan McDermid, Robert Pavlik, Pavlik, Christopher Waller, Jerome Powell's, It's, Gertrude Chavez, Dreyfuss, Saqib Iqbal Ahmed, Stephen Culp, Alden Bentley, Paul Simao Organizations: Wall, REUTERS, Bond, U.S, Dakota Wealth Management, Fed, Spelman College, Reuters, Thomson Locations: New York, U.S, Fairfield , Connecticut, Atlanta

☆ Where Trump Counties in Ohio Voted to Support Abortion Rights
▼ + stars: | 2023-11-08 | by ( Lazaro Gamio | Amy Schoenfeld Walker | ) www.nytimes.com time to read: +4 min

Where Trump Counties in Ohio Voted to Support Abortion RightsOhio’s referendum on abortion rights drew support from both liberal and conservative areas of the state and won outright in 18 counties that President Donald J. Trump won in 2020, signaling the issue remains a weakness for Republicans. How Ohio counties voted on Issue 1 Yes, for abortion rights No, against abortion rights Cleveland Columbus Cincinnati Dayton Toledo Akron Shaded areas are the 18 counties that both voted for Trump in 2020 and voted to approve the abortion rights amendment. Across the state, the margin of support for abortion rights was stronger than the margin of support for Mr. Biden three years ago. Among the Trump counties that voted for the amendment, the abortion rights vote was stronger where Mr. Trump won by smaller margins. Against ⭠ Abortion rights ⭢ Trump counties that voted to support abortion rights 18 countiesin Ohio 67 counties insix other states Notes: Circles are sized by vote count.

Persons: Donald J, Trump, Joseph R, Biden, Roe, Wade, ⭢ Organizations: Trump, Cleveland Columbus Cincinnati Dayton Toledo, Lorain, Delaware, Trumbull, Erie, Mahoning, Medina, Wood, Geauga, Ashtabula, Stark, Ottawa, Fairfield, Licking, Butler, Clark, Republican, Biden, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % + Locations: Ohio, Cleveland Columbus Cincinnati Dayton Toledo Akron, Trump, . Ohio, California , Michigan, Vermont, Kansas, Kentucky, Montana, California, Maryland, New York, Arizona, Florida, Iowa, Pennsylvania, Midwestern, Southern

The memo, shared with The Associated Press, pointed to Reynolds' surprise endorsement — a rarity for sitting Iowa governors before the caucuses — as proof that DeSantis could cut into Trump's margins. In her own memo, Haley campaign manager Betsy Ankney on Monday described the Iowa contest as a “dead heat” between DeSantis and Haley, while ignoring Trump's massive lead. He has no end game.”The new DeSantis memo points to the political infrastructure that he and an allied super PAC have established across several early voting states. In Iowa, the memo claims “there will soon be 50 dedicated paid staff" and the organizing help of Reynolds, who has her own statewide operation. But learning of Reynolds’ support for DeSantis Sunday did nothing to move her toward him, she said Monday.

Persons: Ron DeSantis ’, Donald Trump, Kim Reynolds, Nikki Haley, Haley, Reynolds, Trump, ”, James Uthmeier, David Polyansky, Ryan Tyson, “, Hawkeye, ” Reynolds, Ron DeSantis, —, Ira Roffel, hasn’t, “ I’m, John Stineman, DeSantis, Joe Biden, Betsy Ankney, ” Ankney, ’, Helen Herbold, Herbold, ” ___ Organizations: DES, —, — Florida Gov, Republican, American Opportunity Alliance, United, The Associated Press, Iowa, Trump, Des Moines, The New, ” ___ Peoples Locations: DES MOINES, Iowa, — Florida, United Nations, Wednesday's, New Hampshire, Des Moines, Fairfield , Iowa, Des, DeSantis, The, The New Hampshire, South Carolina, In Iowa, New York

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Meanwhile, the Treasury Department said it will slow the pace of increases in its longer-dated debt auctions in the November-January quarter. Seven of the 11 major S&P 500 sectors were trading higher, with information technology (.SPLRCT) and communication services (.SPLRCL) leading gains. Overall, analysts expect earnings for S&P 500 companies to grow 5% in the third-quarter, per LSEG data. The S&P index recorded seven new 52-week highs and 24 new lows, while the Nasdaq recorded 18 new highs and 190 new lows.

Persons: Brendan McDermid, Estee Lauder, U.S . Treasury Department's refunding, Jerome Powell's, Robert Pavlik, EL.N, advancers, Amruta Khandekar, Shashwat Chauhan, Sriraj Kalluvila, Dhanya Ann Thoppil, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Federal, Treasury, CVS, Dow, Nasdaq, Federal Reserve, U.S . Treasury, Dakota Wealth, Traders, Treasury Department, Microsoft, Nvidia, Reuters Graphics Reuters, Labor, Dow Jones, Paycom, NYSE, Thomson Locations: New York City, U.S, October's U.S, Fairfield , Connecticut, Bengaluru

☆ How I Get Eight Free Hotel Nights Every Year Without Doing Anything
▼ + stars: | 2023-10-28 | by ( Ben Luthi | ) www.wsj.com time to read: +10 min

So long as you pay the annual fee, many hotel credit cards offer one free night each year. Before discovering free night credits, I stayed at my fair share of motels with rock-hard beds and paper-thin walls. However, as my life and finances evolved, the benefit of my free night certificates has become about more than saving money. My hotel credit card collectionYou probably don’t need eight hotel cards. Key perks: Annual free night award, fourth night free on consecutive award redemptions, automatic IHG® Platinum status, $100 trusted traveler program application fee credit every four years.

Persons: Ben Luthi, I’ve, ”, you’ll, ’, we’ve, I’m, you’re, Wyndham Wyndham, Wyndham Organizations: Nintendo, Card, Marriott Marriott, Marriott, California — Marriott, Marriott Bonvoy, Business, Residence, Ritz, Carlton, Hilton Hilton Honors Aspire, Hilton, Hilton Resort, Honors, Diamond, Las, Hyatt, Hyatt Credit, Hyatt House, Hyatt Card, Hyatt Regency, Grand Hyatt, Wyndham Locations: Sandy , Utah, Hilton, Park City, Marriott, California, Fairfield, Vegas, Seattle, Alaska, Grand, Wyndham

☆ I visited Chip City and could see why this cookie chain backed by Shake Shack's founder is rapidly expanding to new cities
▼ + stars: | 2023-10-18 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Chip City has a goal to open 40 locations by the end of the year. The cookie chain is known for its unique and seasonal flavors. Then in 2022, Shake Shack founder Danny Meyer and his investment firm, Enlightened Hospitality Investments, poured $10 million in Chip City to help the company open more locations. Crumbl is much larger in comparison, with 800 store locations, though Chip is showing that perhaps slow and steady wins the race. I visited the Astoria, Queens, flagship store to see why the cookie chain is so popular.

Persons: Chip City, —, Peter Phillips, Teddy Gailas, Phillips, Danny Meyer, Meyer, Chip Organizations: Service, Food Institute, Shake Shack, Enlightened Hospitality Investments, Nation's, Astoria , Locations: Astoria , Queens, Miami Beach , Florida, Fairfield , Connecticut, Chip City, New York City, Long, New Jersey, Connecticut, Astoria

Three of the 11 Crop Watch producers increased their corn yield expectations this week, the most notable coming in eastern Iowa. A 3.77 for average Crop Watch corn yield is still below what was expected in July and August, and it would land above the 2022 yield but below that of 2021. Producers in Indiana and western Iowa also increased their Crop Watch corn expectations this week based on results from other fields. Final Crop Watch soybean yield for 2023 is likely to end at 3.5, up from 3.48 a week earlier. Only five of the 22 Crop Watch fields have yet to be touched, all corn: Both Dakotas, western Iowa, Indiana and Ohio.

Persons: Karen Braun, Matthew Lewis Organizations: . Crop Watch, Crop Watch, Producers, Reuters, Thomson Locations: NAPERVILLE , Illinois, Nebraska, Minnesota, Ohio, Indiana, Iowa, North Dakota, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

MONTGOMERY, Ala. (AP) — A former Alabama lawmaker on Tuesday pleaded guilty to a voter fraud charge that he rented a closet-sized space in a home to fraudulently run for office in a district where he did not live. Former state Rep. David Cole, a Republican from Huntsville, pleaded to a charge of voting in an authorized location. Political Cartoons View All 1206 ImagesAlabama law requires candidates to live in a legislative district for one year before they run for office. Cole signed the lease for the space two days after a redistricting plan was enacted that placed the home where Cole had lived since 2014 in another House district. The guilty plea comes after accusations surfaced that he did not live in the district in which he was elected.

Persons: —, David Cole, Cole, D, Alan Mann, “, Elijah Boyd, Fred, John Rogers Organizations: Republican, Alabama, Representatives, Libertarian Locations: MONTGOMERY, Ala, Alabama, Huntsville, Madison, District, Fairfield

Crop Watch producers reported quick harvest progress in the first week of October, and soybeans were the prime beneficiary as many areas are close to wrapping up those efforts. Five Crop Watch soybean fields were harvested between last Monday and Sunday, three with slightly better than expected results and two with notably worse ones. Just two Crop Watch soybean fields await harvest: Ohio and North Dakota. Average Crop Watch corn yield remains unchanged at 3.61, and there were no adjustments to any individual scores this week. Only four of the 11 Crop Watch corn fields have been harvested as of Monday morning, and the most recent one was completed on Sept. 29.

Persons: Karen Braun, Matthew Lewis Organizations: U.S . Crop Watch, Nebraska and, Crop, Crop Watch, Watch, South Dakota, Reuters, Thomson Locations: NAPERVILLE , Illinois, U.S, Ohio, North Dakota, Iowa, Illinois, Minnesota, Nebraska, Nebraska and South Dakota, South Dakota, South, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

☆ Indexes end up sharply with tech after strong jobs, slower wage growth
▼ + stars: | 2023-10-06 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The S&P 500 and Nasdaq registered their biggest daily percentage gains since late August, and the S&P 500 rose for the week, snapping a four-week losing streak. Information technology (.SPLRCT) was up the most of any S&P 500 sector, followed by communication services (.SPLRCL). He said also that the S&P 500 appeared to bounce after nearing its 200-day moving average, currently at around 4,208. For the week, the S&P 500 was up 0.5%, the Dow fell 0.3% and the Nasdaq rose 1.6%. The S&P 500 posted six new 52-week highs and 52 new lows; the Nasdaq Composite recorded 27 new highs and 260 new lows.

Persons: Stocks, Robert Pavlik, Brendan McDermid, Caroline Valetkevitch, Sinead Carew, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Dasgupta, David Gregorio Our Organizations: Companies, Exxon, Dow, Nasdaq, Federal Reserve, Dakota Wealth, Treasury, Traders, New York Stock Exchange, REUTERS, Dow Jones, JPMorgan Chase, Exxon Mobil, Reuters, Natural Resources, NYSE, Thomson Locations: Fairfield , Connecticut, New York City, U.S, New York, Bengaluru

☆ Indexes rally with tech after strong jobs, slower wage growth
▼ + stars: | 2023-10-06 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

The S&P 500 rose for the week, snapping a four-week losing streak. Information technology (.SPLRCT) was up the most of any S&P 500 sector, followed by communication services (.SPLRCL). Stocks initially fell early after the jobs data, which showed U.S. employment increased by the most in eight months in September but also that wage growth cooled. Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut, said the S&P 500 appeared to bounce after nearing its 200-day moving average, currently at around 4,208. Market watchers have been weighing whether the Fed may be done hiking interest rates after a recent surge in long-term U.S. Treasury yields.

Persons: Brendan McDermid, Stocks, Robert Pavlik, Sinead Carew, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Dasgupta, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Companies, Exxon, YORK, Dakota Wealth, Federal Reserve, Treasury, Nasdaq, Dow Jones, JPMorgan Chase, Exxon Mobil, Reuters, Natural Resources, Thomson Locations: New York City, U.S, Fairfield , Connecticut, New York, Bengaluru

Crop Watch farmers in western Iowa, Kansas and southeastern Illinois reported fast harvest efforts last week. The Minnesota and eastern Iowa soybeans are in progress as of Monday, and the South Dakota soybeans could also be started on Monday. So far, the Crop Watch harvest is faster than a year ago but slightly slower than two years ago. The producer cites the longer-season variety of beans planted in the Crop Watch field that were able to take in late-season moisture. Crop Watch 2023 ProducersPhotos of the Crop Watch fields can be tracked on my X feed using handle @kannbwx.

Persons: pinto, Karen Braun, Marguerita Choy, 「 Organizations: . Crop Watch, Nebraska, Crop, Crop Watch, Reuters, 「 Reuters Locations: NAPERVILLE , Illinois, Iowa , Kansas, Illinois, Indiana, Nebraska, North, South Dakota , Ohio, Minnesota, Iowa, Kansas, South Dakota, North Dakota, Ohio, The, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

☆ How to avoid getting scammed out of your home or becoming a victim of land fraud
▼ + stars: | 2023-09-27 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

Gordon isn't the only victim of this type of fraud — known as home-title fraud, land fraud, or seller-impersonation fraud — where scammers impersonate the rightful owner of a property by forging documents in order to sell it. Petrescu and Gordon share a few measures property owners can implement to help stop land fraud from happening to them. That may seem like an obvious one, but for a vacant piece of property, owners might forgo that extra security. He used the same title company to buy the land and to refinance it a year later. "Here we have the same title company that I used, and now the fraudster's using the same title company," Gordon said.

Persons: —, William Gordon's, Gordon isn't, scammers, Daniel Kenigsberg, Victor Petrescu, Levine Kellogg Lehman Schneider, Grossman, " Petrescu, Petrescu, Gordon, William Gordon William Gordon Another, there's, hadn't, Victor Petrescu Levine Kellogg Lehman Schneider, he'll Organizations: FBI, MLS, Service Locations: Arizona, Tucson, Fairfield , Connecticut, Miami, Petrescu, Pima County , Arizona

☆ The Silicon Valley investors who secretly bought up $800 million in Northern California real estate reveal unexpected plans for 'a city of yesterday'
▼ + stars: | 2023-09-26 | by ( Chris Kaye | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A mysterious company backed by Silicon Valley investors has been purchasing land near San Francisco. They're planning to build a retro city on the 52,000 acres of farmland they bought. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe Silicon Valley investors that got the government's attention by gobbling up $800 million worth of land outside San Francisco say the mystery city they plan on building is, well… kinda retro. Solano County Google Maps"The plans that people put forward will be very inspired by those great old American neighborhoods that someone who was born 100 years ago will recognize," Sramek told KQED.

Persons: —, we've, Jan Sramek, Sramek, Goldman Sachs, Marc Andreessen, Laurene Powell Jobs, Michael Moritz of, Reid Hoffman, Flannery, who've, Catherine Moy, Moy, Bill Gates, Elon Musk, Musk, Chap Ambrose, Ambrose, Azmi Haroun Organizations: Service, KQED, The New York Times, Michael Moritz of Sequoia Capital, Flannery Associates, Travis Air Force Base, Solano County Google, Boring Company, SpaceX, Washington Post Locations: Silicon, San Francisco, California, Solano County, Bay, Fairfield, Solano Silicon, Austin , Texas, Bastrop Country

☆ How to Take Care of Your Skin in the Fall and Winter
▼ + stars: | 2023-09-25 | by ( Anna Maltby | ) www.nytimes.com time to read: +1 min

As the outside air cools and the heat starts to crank on indoors, you may notice your skin becoming flaky, maybe even a bit itchy. Welcome to fall and winter. When temperatures drop, the air gets drier — both indoors and outdoors — and moisture gets pulled from the lipid barrier. With less hydration, the turnover of skin cells is impaired and they start to clump together, which people can experience as dry, flaky or even scaly skin, Dr. Craiglow said. Some are more susceptible to developing dry skin in cooler weather, particularly older adults and those with eczema, said Dr. Jeffrey Weinberg, a clinical professor of dermatology at the Icahn School of Medicine at Mount Sinai.

Persons: ”, Brittany Craiglow, Craiglow, Jeffrey Weinberg Organizations: Yale School of Medicine, Icahn School of Medicine Locations: Fairfield , Conn, Mount Sinai

☆ S&P 500, Nasdaq notch biggest weekly losses since March
▼ + stars: | 2023-09-22 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. All three posted weekly losses, with the S&P 500 and the Nasdaq registering their largest Friday-to-Friday percentage drops since March. On Thursday, the S&P 500 dipped below its 100-day moving average - a key support level - for the first time since March, Its failure to break above that level suggests the index is still under downward pressure. Among the 11 major sectors of the S&P 500, consumer discretionary (.SPLRCD) suffered the steepest percentage loss, while tech (.SPLRCT) and energy (.SPNY) were the only gainers. The S&P 500 posted one new 52-week high and 35 new lows; the Nasdaq Composite recorded 33 new highs and 321 new lows.

Persons: Brendan McDermid, Alibaba, Zachary Hill, Hill, Jerome Powell, Michelle Bowman, Robert Pavlik, Li Auto, Stephen Culp, Ankika Biswas, Shristi, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Reuters, UAW, Dow, Nasdaq, Horizon Investments, Benchmark U.S, Treasury, Dakota Wealth, Dow Jones, Ford Motor, United Auto Workers, Activision, Microsoft, PDD Holdings, Baidu, Bloomberg, Hong, NYSE, Thomson Locations: New York City, U.S, Hong Kong, Charlotte , North Carolina, Fairfield , Connecticut, Bengaluru

☆ Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival
▼ + stars: | 2023-09-20 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

Among other companies that have been gearing up for U.S. stock market listings are German premium footwear maker Birkenstock Holding and Vietnam internet company VNG Corp (VNZ.HNO). Chip designer Arm's stock on Wednesday hit a low of $51.52, coming close to its $51 IPO price in this year's biggest IPO last Thursday. Shares of grocery delivery app Instacart, which debuted Tuesday, fell to a low of $29.96, below their $30 IPO price. Klaviyo also surrendered most of its initial gains, hitting a low for the day of $30.26, just above its $30 IPO price. Arm and Instacart were "pumped up to do the IPO," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.

Persons: Dado Ruvic, Robert Pavlik, Klaviyo, Jerome Powell, haven't, ”, Jake Dollarhide, Ortex, Peter Tuz, Mark Luschini, Janney Montgomery Scott, Caroline Valetkevitch, Savyata Mishra, Niket, Lewis Krauskopf, Noel Randewich, Marguerita Choy, Stephen Coates Organizations: REUTERS, Arm Holdings, Investment, Dakota Wealth, Birkenstock, VNG Corp, Federal, Nasdaq, Longbow, Management, Chase Investment, People, Thomson Locations: Fairfield , Connecticut, Vietnam, Tulsa , Oklahoma, Charlottesville , Virginia, Bengaluru, New York, San Francisco

However, most Crop Watch fields no longer benefit from rain as far as yield is concerned. Most Crop Watch producers have either not yet started corn or bean harvesting or are in the beginning stages. About 30% of the Crop Watch corn in southeast Illinois was completed on Sunday, and the early results would suggest downside to yield expectations rather than upside. Average Crop Watch soybean yield rose slightly to 3.59 from 3.57 a week earlier after a quarter-point bump in North Dakota. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.

Persons: corn's, Karen Braun, David Evans Organizations: Crop, Crop Watch, U.S, Watch, Reuters, Thomson Locations: NAPERVILLE , Illinois, U.S, Kansas, Iowa, Illinois, Ohio, North Dakota, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsCompanies Starbucks Corp FollowNEW YORK, Sept 18 (Reuters) - Starbucks (SBUX.O) was ordered by a federal judge on Monday to face a lawsuit claiming that several of its Refresher fruit beverages lacked a key ingredient: fruit. Consumers complained that Starbucks' Mango Dragonfruit, Mango Dragonfruit Lemonade, Pineapple Passionfruit, Pineapple Passionfruit Lemonade, Strawberry Açai and Strawberry Açai Lemonade Refreshers contained none of the advertised mango, passion fruit or açai. The judge dismissed a fraud claim, finding no proof Starbucks intended to defraud consumers, and an unjust enrichment claim. Starbucks in a statement called the allegations in the lawsuit "inaccurate and without merit," and said it looked forward to defending itself. The case is Kominis et al v Starbucks Corp, U.S. District Court, Southern District of New York, No.

Persons: Lucas Jackson, John Cronan, Joan Kominis, Jason McAllister, Cronan, Robert Abiri, Jonathan Stempel, Aurora Ellis, Richard Chang, William Maclean Organizations: REUTERS, Companies Starbucks Corp, District, Starbucks, Consumers, Honey Citrus, Starbucks Corp, Court, Southern District of, Thomson Locations: Brooklyn, New York, U.S, Manhattan, Astoria , New York, Fairfield , California, Seattle, Southern District, Southern District of New York

☆ Wall Street tumbles, Treasury yields gain as focus turns to Fed
▼ + stars: | 2023-09-16 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The S&P 500 and the Nasdaq reversed their weekly advances, while the blue-chip Dow ended the week nominally higher. European stocks closed higher, extending a rally sparked by the European Bank signaling an end to its rate-hiking cycle, and logging a weekly gain. The pan-European STOXX 600 index (.STOXX) rose 0.23% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.63%. Emerging market stocks rose 0.33%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 0.58% higher, while Japan's Nikkei (.N225) rose 1.10%.

Persons: Brendan McDermid, Dow, TW, Chuck Carlson, Robert Pavlik, Sterling, Brent, Stephen Culp, Naomi Rovnick, Kevin Buckland, Nick Zieminski, Diane Craft, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Treasury, Nasdaq, Semiconductor, SOX, Reuters, University of Michigan, Federal Reserve, Horizon Investment, Financial, Dakota Wealth, Dow Jones, Bank, Japan's Nikkei, Thomson Locations: New York City, U.S, Philadelphia, Hammond , Indiana, Fairfield , Connecticut, Asia, Pacific, Japan, London, Tokyo

☆ Real-estate crowdfunding is a house of cards. PeerStreet's bankruptcy reveals why.
▼ + stars: | 2023-09-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +21 min

Like many PeerStreet investors who spoke with Insider, Mincher has a strong résumé. Another form of crowdfunding, equity crowdfunding, works a bit like the stock market without the onerous and expensive process of initial public offerings. The PeerStreet investors who spoke with Insider said the outcome of this case could determine whether they stick with real-estate crowdfunding. Others, such as Fundrise, have moved away from crowdfunding in favor of a model for private real-estate investment trusts, similar to the BREIT later offered by Blackstone. Fritton, the former Patch of Land CEO, said Fundrise's fund model was the wave of the future for real-estate crowdfunding.

Persons: Michael Burry, Christian Bale, Burry's, Crowdfunding, Burry, Andreessen Horowitz, they're, Braun Mincher, PeerStreet, who've, Judge Laurie Selber Silverstein, Brew Johnson, he's, Braun, Mincher, —, it's, Michael Burry Astrid Stawiarz, Ian Ippolito, Ippolito, John McNellis, PeerStreet Ippolito, McNellis, El, Marc Andreessen, Phil McCarten, Silverstein, wouldn't, Sean Quinn, Doug Lyon, Lyon, that's, Jason Fritton, Kirk Brett, there's, Brett, iFunding, CrowdStreet, Nightingale's Elie Schwartz, Nightingale, Schwartz, Yieldstreet, Fritton Organizations: CNBC, Main, PeerStreet, Facebook, McNellis Partners, Funding Trust, Fairfield University, Magnetar, Adler, Securities and Exchange Commission, Department of Justice, Securities, Exchange Commission, SEC, Investors, Blackstone Locations: Delaware, El Segundo , California, crowdfunding, There's

Final Crop Watch soy yield across the Iowa and Illinois locations averaged 4.625 in 2021 and 4.375 in 2022. CORNThe 11-field, average Crop Watch corn yield fell to a season-low of 3.61 from 3.7 last week, an equal decline as in the previous two weeks. Crop Watch corn yield was 3.68 this week last year and 3.82 in 2021. Six of the 11 Crop Watch corn fields carry a yield score of 4 or better with a high of 4.5 in Ohio. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.

Persons: Dane Rhys Acquire, Karen Braun, Aurora Ellis Organizations: REUTERS, Rights, Crop Watch, Crop, Iowa, Reuters, Thomson Locations: Deerfield , Ohio, U.S, Rights NAPERVILLE , Illinois, Iowa, Illinois, Corn, Minnesota, Nebraska, Kansas, Ohio . North Dakota , Nebraska, Ohio . Minnesota, North Dakota, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

None of the 22 Crop Watch corn and soybean fields received rain last week, the first such instance since the 22-field format began in 2021. Many of the Crop Watch producers describe this year’s finishing weather as the worst they can remember. The average Crop Watch corn yield also hit a season low this week, falling to 3.7 from 3.8 a week earlier. Eastern Iowa corn was reduced by half a point while western Iowa and Indiana corn were each down by a quarter of a point. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.

Persons: Daniel Acker, Karen Braun, David Goodman Organizations: Ruff, REUTERS, Rights, Crop, Crop Watch, Reuters, Thomson Locations: Leonore , Illinois, U.S, Rights NAPERVILLE , Illinois, Kansas, South Dakota, Iowa, Indiana, Eastern Iowa, North Dakota, Corn, Nebraska, Illinois, Indiana , South Dakota, Both Minnesota, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

☆ Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'
▼ + stars: | 2023-09-05 | by ( Janie Har | Associated Press | ) www.businessinsider.com time to read: +9 min

Silicon Valley billionaires revealed plans to build a new city after buying $800 million in land. The land was quietly purchased in Solano County, a rural area near San Francisco and Sacramento. Most of the land purchased is in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. Billionaires want to build a new city in rural California, but they're encountering wavering support from locals and lawmakers. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.

Persons: Jan Sramek, Goldman Sachs, Flannery, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, Marc Andreeseen, Lauren Powell Jobs, Michael Moritz, Paul Chinn, Countess, Michael Kovac, Sramek, Mike Thompson, Terry Chea, Princess Washington, Thompson, they're, he's, John Garamendi, Hoffman, Andreessen, Ron Kott, Kott Organizations: Service, FRANCISCO, Flannery Associates, Silicon, LinkedIn, New York Times, San Francisco Chronicle, Getty, Fair, Solano, US Air Force, FBI, of Treasury, AP, San Francisco Bay Area, Travis Air Force Base, US Locations: Solano County, San Francisco, Sacramento, Wall, Silicon, Northern California, Solano, Silicon Valley, California, Fairfield, Rio Vista, U.S, United Kingdom, Ireland, walkable, Terry Chea California, California's, San Francisco Bay, Princess, Suisun City, Travis

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