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☆ ‘Ping pong-sized’ hailstones ravage famous French wine region
▼ + stars: | 2024-05-02 | by ( Julen Chavin | ) edition.cnn.com time to read: +3 min

CNN —A violent hailstorm wreaked havoc on vineyards in Chablis in the famous French wine region of Burgundy Wednesday evening, delivering another weather blow to already hard-hit local Chardonnay winemakers. The extent of the damage was still unclear as winegrowers checked over their plots on Thursday, a representative for the Burgundy wine association told CNN. “We’ve never seen anything like this, it’s dramatic,” Julie Fèvre, a winemaker, told BFM. Some 38 million bottles of Chablis Chardonnay wine are sold every year, generating an estimated $340 million turnover, according to the Burgundy wine association. Around 67% of Chablis wine is exported to foreign markets, the association said.

Persons: “ We’ve, Julie Fèvre, BFM, ” Paul, Étienne, we’ve, Vincent Laroche, Marc Fesneau, ”, Chablis, ” Louis Poitout, we’ll, CNN’s Laura Paddison Organizations: CNN, Chablis, BFMTV, International Organisation of Vine Locations: Chablis, Burgundy, France, “

☆ The 8 popular wines I never order as a sommelier — and what I actually get instead
▼ + stars: | 2024-04-20 | by ( Sarah May Grunwald | ) www.businessinsider.com time to read: +1 min

I'm a sommelier in Italy, and there are a few wines to avoid ordering at bars and restaurants. If you're looking for a nice white, skip chardonnay and order a glass of Greek assyrtiko. After training and working as a sommelier in Italy, I pride myself on being able to find my clients their new favorite drink. But over the years, I've also learned which popular blends to steer clear of when I'm out and about. Here are some types of wine I never order and exciting alternatives I think everyone should be sipping on instead.

Persons: —, I've Organizations: Service Locations: Italy

☆ I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
▼ + stars: | 2024-04-14 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

A 25-year-old private tutor told BI about his experiences working in the UAE. He said he had taught the children of some of Dubai's richest people. One of his pupils paid him $3,000 to do his homework, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with a 25-year-old private tutor and academic governor in Dubai.

Persons: —, Catherine Boudreau, I'd Organizations: Service, United Arab Emirates Locations: UAE, Dubai, Maiden Shanghai, Russia, France

☆ Texan bitcoiners start mining in Argentina, where peso is in freefall
▼ + stars: | 2024-03-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

For two Texas-based bitcoin miners, the oil deposit offers a dream resource: wasted energy. Brent Whitehead and Matt Lohstroh, both graduates of Texas A&M University, have been mining bitcoin on the oil fields of East Texas since 2019. That's when they founded Giga Energy with the goal of taking flared natural gas and turning it into electricity to run bitcoin mines, which are notoriously power-thirsty. Whitehead comes from a long line of "wildcats," a term used to describe those who engage in high-risk exploratory drilling. On the small pilot site in Argentina, Exa Tech is handling operations on the ground, Phoenix Global is providing the gas and Giga is supplying the equipment.

Persons: Brent Whitehead, Matt Lohstroh, Vaca, Whitehead Organizations: Texas, M University, Giga Energy, Giga, Phoenix Global Resources, IT, Tech, Energy Systems, CNBC, wildcats, Exa, Phoenix Global Locations: Texas, Argentine, Mendoza, East Texas, Argentina, Shanghai, Vaca Muerta, Denver

☆ There's so much excess wine that growers are ripping up vineyards and winemakers are destroying their product
▼ + stars: | 2024-03-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Wine has a supply and demand problem: there's too much of it. Growers in Australia, California, and France are ripping up vines in response. Now, some farmers in Australia, California, and France are tearing up entire sections of vineyards. The San Francisco Chronicle reported some growers in California are destroying their vineyards, with some opting to grow other crops instead. Advertisement"People in this business took it for granted that there was always going to be growth," Jeff Bitter, president of Allied Grape Growers in California, told the outlet.

Persons: —, Tony Townsend, Bloomberg he's, Townsend's, Andrew Calabria, Jeff Bitter Organizations: Growers, Service, Bloomberg, Reuters, San Francisco Chronicle Locations: Australia , California, France, South Australia, Australia, Calabria Wines, Europe, Bordeaux, California

☆ Australian farmers rip out millions of vines amid wine glut
▼ + stars: | 2024-03-09 | by ( ) edition.cnn.com time to read: +5 min

About two-thirds of Australia’s wine grapes are grown in irrigated inland areas such as Griffith, its landscape shaped by vine-growing techniques brought by Italian migrants arriving around the 1950s. That would destroy more than 20 million vines across 12,000 hectares (30,000 acres), Reuters calculations based on Wine Australia data show, or about 8% of Australia’s total area under vine. “If half the vines in Australia were ripped out, it still might not solve the oversupply,” said a wine maker in Western Australia. When China blocked imports during a political dispute in 2020, Australia lost its biggest wine export market by value. And unlike Europe, it offers farmers no financial aid to help them destroy vines and excess wine.

Persons: “, ”, James Cremasco, Griffith, TWE.AX, Carlyle Group’s, Andrew Calabria, Cremasco, Jeremy Cass, Tim Mableson, Bill Calabria, Andrew’s, There’ll Organizations: CNN, Accolade, Wine, Riverina Winegrape Growers, Growers, KPMG Locations: Australia, China, Griffith, Calabria, Riverina, Wine Australia, Western Australia, Chile, France, United States, Bordeaux, Europe, Tasmania, Yarra, Victoria

☆ Vineyards Use AI, IoT Tools to Make Wine Effectively, Sustainably
▼ + stars: | 2024-03-07 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +10 min

The company's president and winemaker, Chris Kajani, wanted to stay connected with customers and distributors amid shutdowns and social-distancing practices. AdvertisementIn March 2020, Kajani started reworking her operations, hosting virtual tastings, keeping in contact with members of the vineyard's wine club, and meeting with distribution partners using a Cisco videoconferencing platform. Chris Kajani, the winemaker and president of Bouchaine Vineyards, is using technology to improve harvesting. Jyotsna Bhamidipati for BIRemy, a former wine technical consultant, said that buying wine without knowing what's good can be overwhelming. AI-powered tools are making headway in the commercial wine market by helping vineyards find optimal wine blends.

Persons: Chris Kajani, Kajani, Vintners, McClenehan, Alexandre Remy, Remy, Jyotsna, Vaughn Walton, Walton, Piper, Pied Piper, Katerina Axelsson, Axelsson Organizations: Cisco, Bouchaine, Atlas Wine, Oregon Wine Research, Oregon, University's Oregon Wine Research Institute, OSU, BI Remy Locations: Napa , California, Bouchaine, Somerset , California, Oregon, California, America, Walton

☆ New Florence airport terminal will have a vineyard on its roof
▼ + stars: | 2024-03-06 | by ( Arya Jyothi | ) edition.cnn.com time to read: +6 min

CNN —From the “Walkie Talkie” skyscraper in London, to the Carrasco International Airport in Uruguay, New York-based firm Rafael Viñoly Architects’ portfolio consists of hundreds of projects spanning five continents. The latest addition, announced in January, will be a new international terminal at the Aeroporto Amerigo Vespucci in Florence, the capital of the Italian region of Tuscany. Rafael Viñoly Architects“In the summer, when you need to cool the interior of the space, you do heat exchange into that mass of earth,” he says. According to Viñoly, there are provisions in the design to produce a winery under the roof, though this is not confirmed. But he questions whether too much emphasis has been placed on the look of the vineyard, rather than its sustainable benefits.

Persons: Rafael Viñoly, Amerigo Vespucci, Román Viñoly, Viñoly, ”, “, Filippo Weber, Weber Organizations: CNN, Carrasco International Airport, Rafael Viñoly Architects, Climate Network, Weber Architects Locations: London, Uruguay , New York, Florence, Italian, Tuscany

☆ More Americans are moving to Tuscany, where their money goes further, the pace is slower, and the wine flows freely
▼ + stars: | 2024-03-02 | by ( Jordan Pandy | Reed Alexander | ) www.businessinsider.com time to read: +14 min

More Americans are moving to Tuscany, a part of Italy known for medieval walled cities and wine. Some locals say it's keeping their economy alive, but others are starting to grumble. The influx of Americans, locals said, can be at once a booster of fortunes and an irritating imposition. "A lot of locals say that a place like Montepulciano cannot handle all those tourists because it's a small city," said Tudor, the jeweler. Americans, Ercolani said, "spend money and they appreciate the quality of the food and the wine that we have."

Persons: —, Leanne Davis, Davis, Jon Chewning, Chewning, It's, Georgette Jupe, Knight Frank, Florence ., they're, we've, Frances Mayer's, it's, Michele Capecchi, Capecchi, Erin Lewis, Lewis, Danilo Romolini, Luca Tudor, AJ Tuscany, Tudor, who's, Sam D'Avanzo, dell'Anfiteatro, Frank Bienewald, they've, lockdowns, Jupe, Bendetta, Cantina Ercolani, Ercolani Organizations: Service, Business, Associated Press, US Department of State, Italian National Institute of Statistics, away.com, Christie's, Estate, Locals, International School of Florence Locations: Tuscany, Italy, California, Romano, Sacramento, Montepulciano, Florence, Boccheggiano, Lucca, Siena, American, Europe, Rome, Venice, Chiusi, Austin , Texas, Houston , Texas, Italian, Switzerland, Albanian

☆ Turns out that giving up the grind and retiring to Italy is as good as it sounds
▼ + stars: | 2024-03-02 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

If you've ever dreamed of giving up the grind and retiring in Italy, apparently it's as good as it sounds. On the agenda today:This story is available exclusively to Business Insider subscribers. In fact, this is a topic my colleagues at Business Insider cover extensively all year long. But understanding and improving your VO2 Max, a measure of how much oxygen you use during exercise, could be the key to unlocking a longer life. AdvertisementA higher VO2 max can give you a better chance at a longer life.

Persons: —, we've, Alyssa Powell, They're, Christopher Malcolm, Getty, Klaus Vedfelt, Abanti Chowdhury, Max, Marc Piasecki, Tyler Le, Stellan, Skarsgård, Baron Vladimir Harkonnen, Jia Feng, Devin Shaffer, Neiman Marcus, Le, Napoleon, Ridley, Joaquin Phoenix, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Getty, Universal, Miramax, Warner Bros, BI, Netflix, Apple TV, Apple, Hulu, Paramount Locations: Italy, Texas, Tuscany, America, United States, New York

☆ I'm a travel expert and often travel with my family. These 5 romantic destinations are surprisingly great for families.
▼ + stars: | 2024-02-04 | by ( Taryn White | ) www.businessinsider.com time to read: +8 min

In fact, the world is brimming with destinations that effortlessly cater to both lovebirds and jet-setting families, merging fine dining, lavish lodging, and kid-approved activities. Go adventuring in St. LuciaSt. Lucia holds a special place in my family's hearts, as one of our first international destinations. Taryn White says that while CrossKeys Vineyard is great for couples, families with kids can also enjoy the atmosphere. Courtesy The Trip Wish ListFor those seeking a luxurious family retreat, there are many options, like Salamander Middleburg in Loudoun County. It also has family suites complete with bunk beds or twin beds, ensuring that everyone has plenty of space to unwind after a day of sightseeing.

Persons: —, I've, Lucia St, Lucia, Bean, there's, Walsh, Taryn White, CrossKeys, Paris isn't, Gigi, Angelina Organizations: Service, des Pitons, Gros, Petit, Resorts, Aurora, Aurora Entertainment, Virginia Wine, Veritas, Keswick Hall, Michelin, Jardin du, Jardin des, Louvre Museum, Fish Locations: Maldives, French Polynesia, Caribbean, St, Sulphur Springs, New Jerusalem, Morne, des, Anguilla, Little Bay, Sandy Islands, Zemi, Aurora, Morais, Salamander Middleburg, Loudoun County, Albemarle County, Clifton, Paris, Jardin, Jardin du Luxembourg, Jardin des Tuileries, Hana, Makena

☆ Retiree Travels the World As a House-Sitter, Rents Own Home on Airbnb
▼ + stars: | 2024-02-01 | by ( Claire Turrell | ) www.businessinsider.com time to read: +6 min

I resigned from my job and booked my first house sit that winter in Breckenridge, Colorado. How to choose a good house sitI have now completed over 25 house sits. When I take on a house sit, I make sure I'm close to public transport or have access to a car. However, I've been so busy with house sits recently I haven't stayed there for almost a year. My last house sit in Naples, Florida, included two dogs, two cats, a guinea pig, two geckos, and a tortoise.

Persons: —, Bernadine, you'd, would've, I'd, wouldn't, shih, I've, haven't Organizations: Service, Business, Lady, Social Security, Virgin Islands, New Zealand Locations: Bernadine Swale, Swale, Denver, Breckenridge , Colorado, New Zealand, New York, Botswana, St Croix, Virgin, Caribbean, Japan, States, Airbnb, United States, Naples , Florida

☆ I went on a romantic getaway with a guy I'd just started dating. I realized he wasn't into me in the middle of the trip.
▼ + stars: | 2024-01-21 | by ( Emy Rodriguez Flores | ) www.businessinsider.com time to read: +4 min

He was the first guy I'd liked since moving to Barcelona. AdvertisementThe getaway started with a long road trip, but something was offAt what felt like the crack of dawn, I woke up and quickly got ready for our journey. During coffee, I noticed him acting a little different, but I just chalked it up to the long road trip and the time. Either way, we spoke the entire trip, and it felt like I was getting to know him better. Walking over to check it out, I felt him do the same, and at one point, I felt tension as we looked out from the terrace.

Persons: I'd, gasped, William Shakespeare Organizations: Service, Michelin Locations: Barcelona, Europe, Valladolid, Abadía

☆ The Wine Heiresses Apparent
▼ + stars: | 2024-01-18 | by ( Eric Asimov | ) www.nytimes.com time to read: +1 min

She was far more interested in making wine herself, so she earned a degree in winemaking and found jobs with wineries elsewhere in Tuscany. But she felt drawn to Radda-in-Chianti, where some of the most ethereal Chianti Classicos are from. They made wine but sold it in bulk to merchants who bottled it. Having proven herself at winemaking, she took over the family vineyards to make the wine for Istine, her new Chianti Classico label. Today, they are critically acclaimed around the world, and she has begun to bottle single-vineyard wines from each of the family’s plots.

Persons: Angela Fronti Locations: Chianti, Radda, Tuscany

☆ Former New Zealand prime minister Jacinda Ardern marries long-term partner at stunning winery on the country's North Island
▼ + stars: | 2024-01-13 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

Jacinda Ardern tied the knot with her long-term partner, Clarke Gayford, on Saturday. They planned to marry in 2022 but had to cancel due to COVID-19 restrictions Ardern imposed as PM. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJacinda Ardern married her long-term partner Clarke Gayford on Saturday, almost five years after they announced their engagement. This story is available exclusively to Business Insider subscribers.

Persons: Jacinda Ardern, Clarke Gayford, — Organizations: Service, New York Times, New, Business Locations: New Zealand

☆ The sexiest new hotels for 2024
▼ + stars: | 2024-01-05 | by ( Julia Buckley | ) edition.cnn.com time to read: +23 min

This list tries to do just that – spotlight the hotels opening (or reopening, as one of them is) in 2024 that make us want to visit for the hotel alone. Properties with a little bit of oomph – the sexy hotels of 2024, as we like to call them. For spring 2024, Costa Rica’s on the cards, with this beachfront hotel at surfer central Santa Teresa, on the Pacific Coast. Existing ones have been refurbished, and new pool villas, suites and bungalows have been added to the mix. Pool villas are cute cabins with patio doors opening on the open-to-the-elements plunge pools, while the bungalows will be wood-clad, tropical spaces.

Persons: Will, ”, that’s, King Charles, Maria, Casa Lucia Argentina, swank, Kit Kemp, Kibale, Queen Elizabeth, George, Gran, Palazzo Cordusio, Cordusio, There’s, Emanuele II, Mina Al, Ras, Anantara Mina Al Arab, Ras Al Khaimah, Mina Al Arab, Al Riffa, Mollie's, who’ll, KAI Akiu, Hoshino, Rupert Peace, Michel Rojkind, Moxy Banff, Marie, they’re, Philippe Kjellgren, It’ll, Aman, you’ve, you’ll, Roma, Romeo Roma, Romeo, starchitect Zaha Hadid, Rome’s Piazza, Costa Rica’s Organizations: CNN, Casa Lucia, Bacan, Leinster, Collins, Gran Meliá, Milan, Galleria, Tunisia –, Soho, Manchester TV, Beatles, Granada Studios, Old Granada Studios, Soho House, Resorts, Michelin, Guadalupe, Moxy, VW, Brisbane . Tourism, Queensland, Casa, Hoxton, Popolo, Princeton, Hotels, Ivy League, Mercure, Darwin, Training Academy Locations: Matca, Transylvania, Romania, Romanian, Brașov, Maria, Helsinki, Finland, Buenos Aires, Argentina, Retiro, Dublin, Ireland, Merrion, Georgian Dublin, Uganda, Rwanda, Queen, Edward, Milan, Italy, Meliá, Piazza, Duomo, Ras Al Khaimah, UAE, Arabian, Dubai, Ras Al, Oman, Mina, Al, Tunisia, Douz, Sahara, Matmata, Manchester, Japan, Tokyo, Akiu, Sendai, superlatives, Kempinski, Dresden, Germany, grande, Taschenbergpalais, Baja California, Mexico, Valle, Mexican, Valle de Guadalupe, Canada, Banff, Brisbane, Australia, Brisbane ., Dios, Peru, Casa, Andina, Brazil, Bolivia, Peruvian, Folegandros, Greece, Santorini, –, Hoxton Vienna, Austria, Hoxton, Vienna, Ennismore, Landstrasse, Sainte, Marie, Madagascar, Aman Nai, Bangkok, Thailand, Aman, Nai Lert, Thai capital’s, Rome, Naples, starchitect, New Jersey, Santa Teresa, Costa Rica, Morocco, Coast, Darwin, Larrakia, Northern Territory

☆ OpenAI CEO Sam Altman went on an 18-month, $85 million real-estate shopping spree — including a previously unknown Hawaii estate
▼ + stars: | 2023-11-30 | by ( Katherine Long | Hugh Langley | ) www.businessinsider.com time to read: +11 min

AdvertisementYears before the recent drama at OpenAI turned CEO Sam Altman into a household name, the former Y Combinator president went on an extraordinary 18-month, $85 million real-estate shopping spree, according to records reviewed by Business Insider — including a previously unreported $43 million Hawaii estate on land that locals describe as historically significant. AdvertisementSam Altman's Hawaii estate is immediately adjacent to the reconstruction of the royal temple of King Kamehameha I. Maxar TechnologiesA $43 million estate in HawaiiIn July 2021, Altman bought a twelve-bedroom estate in Kailua-Kona, on the big island of Hawaii, for $43 million. Altman's purchase of the Hawaii property has not been previously reported. AdvertisementAnnie had been unaware that her oldest brother owned property in Hawaii until Business Insider asked her about it, she said. A $27 million San Francisco homeAltman's weekday residence is a home on San Francisco's Russian Hill that was once described — inaccurately — as the most expensive home in San Francisco.

Persons: Sam Altman, Altman, —, OpenAI, he's, He's, Sam Altman's, King Kamehameha I, King Kamehameha, Jennifer Serralta, Serralta, Jack, Max, — Sam Altman, Mark Zuckerberg, Larry Ellison, Marc Benioff, Jeff Bezos, Peter Thiel, Annie Altman, Annie, Sam's, Napa Altman, Cade Metz, Bob Dickinson Organizations: Service, Business, Bloomberg Tech Summit, Wall Street Journal, YouTube, Altman, LinkedIn, Apollo, Opportunity Fund, Silicon Valley, Business Insider, San, SEC, 9Point Ventures, Uncommon Ventures, New York Times, Capital Management, San Francisco Chronicle, New Yorker, Israeli Defense Force, Tesla Locations: San Francisco, Napa, Hawaii, Napa , California, Sam Altman's Hawaii, Kailua, Kona, wakesurfing, Kauai, Lanai, San, Russian, California, Hollywood, Big Sur

☆ I was raised in Virginia but didn't appreciate it until I left. Here's what I miss most about my home state.
▼ + stars: | 2023-11-28 | by ( Hayley Hutson | ) www.businessinsider.com time to read: +5 min

I was born and raised in Virginia but I didn't appreciate it enough until I left at 22. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These are a few of the things I miss most about living in Virginia. I was less than an hour's drive away from Washington, DCThere's a special place in my heart for Washington, DC. The state has endless opportunities for outdoor adventureIf you're the outdoorsy type, Virginia has just about everything you could hope for.

Persons: —, I've, Mount, Marc Guitard, Malachi Jacobs, Brian Balik, you'll, it's Organizations: Service, National Museum of, Marine Corps, Shenandoah, Travel Locations: Virginia, Washington, Northern Virginia, Charlotte , North Carolina, Mount Vernon, Colonial Williamsburg, DC, Charlotte, Shutterstock Virginia, Loudoun County, Middleburg

Ustrell is one of scores of European winemakers struggling to grow enough grapes as extreme and unseasonable weather becomes more commonplace. Falling prices, rising costsAcross the border, French winemakers are grappling with the opposite problem: Too much wine. Many French winemakers have suffered as retail prices have fallen this year. Charly Triballeau/AFP/Getty ImagesFrench winemakers struggling to sell their own produce have taken out their anger on imports from Spain. The supply of French wine has exceeded waning demand in France and abroad this year.

Persons: New York CNN — Jordi Ustrell, “, Celler, Ustrell, Giogio Delgrosso, Delgrosso, Greg Jones, ”, hasn’t, pip Italy, ’, Charly Triballeau, Rouanet, Michael Baynes, they’ve, Baynes, Arnaud Finistre, John Mitra, Penelope, It’s, Penelope Mitra, Faure Haut Normand, John Mitra More, Mitra Organizations: New York CNN, CNN, International Organisation for Vine, European Union, Getty, European Commission, Vineyards, Estate, “, Burgundy Wine Company Locations: Paris, New York, Spanish, Gratallops, Italy, Spain, Australia, South Africa, Chile, United States, an Oregon, Oregon, Barcelona, Sauvignon, France’s Bordeaux, France, French, Toulouse, AFP, Aude, Bordeaux, Argentina, Burgundy

☆ A Salt-of-the-Earth Town That Sparkles
▼ + stars: | 2023-11-14 | by ( Amy Tara Koch | ) www.nytimes.com time to read: +1 min

After he closed Cyrus, the Healdsburg, Calif., restaurant for which he’d earned two Michelin stars, in 2012, it took the chef Douglas Keane a decade to scout the dream locale for his new restaurant. Mr. Keane finally landed last year at a former prune-packing plant overlooking vineyards where the Russian River snakes through the Alexander Valley. Those vineyards are not in Healdsburg, Sonoma County’s unofficial gastronomic headquarters, but eight miles north in blink-and-you’ll-miss-it Geyserville. “Geyserville is real, rural wine country: Farmers are out at 5 a.m.,” said the 52-year-old chef on what drew him to the town. The whole town may be just two blocks of Wild West-looking storefronts, but its charms take an entire weekend to uncover.

Persons: Cyrus, he’d, Douglas Keane, Keane, ” Organizations: Michelin Locations: Calif, Alexander, Healdsburg, Sonoma

Seven generations of its men before him had trained as Islamic scholars, known as Mawlawis. But his father, Mawlawi Mohammed Rafiq Habibi, was a conflicted man. He dressed in suits and ties and was open to debating theological questions with his son about the existence of God. On a bus ride from Kandahar to Karachi, the conductor softly sang the song. “All these distances in the world — the threads, the ropes are in God’s hand,” she told him.

Persons: Mohammed Sadiq Habibi, Kandahar “, Mawlawi Mohammed Rafiq Habibi, Bibi Hazrata, “, ”, tugged Organizations: Radio Afghanistan Locations: Afghan, Kandahar, Karachi, India, Arghandab

☆ These are the 10 best places to buy a vacation house in the U.S. based on rental performance, yearly expenses and more
▼ + stars: | 2023-10-31 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Evolve, a vacation rental company, ranked the best places in the U.S. to buy a vacation house right now. In October, Evolve, a vacation rental company, released its ranking of the best places to buy a vacation house right now. 1 place to buy a vacation house right now, according to Evolve. 2 best place to buy a vacation house right now. The Evolve report states that the median rental revenue for Holland is $44,577, the example cap rate is 8.8% and the median listing price is $355,544.

Persons: Peter Unger, , New York Holland , Michigan Hocking Hills , Ohio Palo, Deb Snelson Organizations: Stone, U.S . News, , New York Holland , Michigan Hocking Hills , Ohio Palo Pinto , Texas Wisconsin Dells, Wisconsin Savannah , Georgia Michigan City, Evolve, Holland State, Istock, Getty Locations: U.S, , New York, New York, Lake Ontario, Finger, Napa Valley, HomeToGo, , New York Holland , Michigan Hocking Hills , Ohio, , New York Holland , Michigan Hocking Hills , Ohio Palo Pinto , Texas, Wisconsin Savannah , Georgia Michigan, Wisconsin Savannah , Georgia Michigan City , Indiana Vernon Township , New Jersey Dover , Vermont Sevierville, Tennessee Holland , Michigan, Holland, Lake Michigan, Southeast Ohio, Hocking Hills

☆ Morning Bid: Yield curve control morphs
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 min

It will keep buying bonds, but time will tell whether and how tenaciously it will impede yields rising beyond 1%. After touching an almost 10-year low in morning trade, Japanese government bond futures rallied following the announcement. For the meantime the sense that some sort of anchor remains also spread some cheer to Treasury trade, sparking a brief rally. Falls in Hong Kong and Shanghai led MSCI's broadest index of Asia-Pacific shares outside Japan 0.9% lower (.MIAPJ0000PUS). Meanwhile, outside of markets, Hamas said its militants fired anti-tank missiles at Israel's invading forces in Gaza early on Tuesday as the conflict intensified.

Persons: Tom Westbrook, DAOU, Christopher Cushing Organizations: REUTERS, Staff, Bank of Japan, Nikkei, Treasury, Bond, Federal Reserve, U.S . Treasury Department, Samsung Electronics, Brookfield consortium, Treasury Wine Estates, Anheuser, Busch Inbev, Bouygues, BASF, BP, Pfizer, Caterpillar, Thomson Locations: Frankfurt, Germany, U.S, Europe, Asia, Falls, Hong Kong, Shanghai, Pacific, Japan, Australia, Gaza

☆ Californian Vineyard Founded by Lebanese Migrants Sells for Up to $1 Billion
▼ + stars: | 2023-10-30 | by ( Stuart Condie | ) www.wsj.com time to read: 1 min

Treasury Wine Estates, an Australia-based producer, will buy California-based DAOU Vineyards. Photo: David Gray/REUTERSSYDNEY—A Californian vineyard set up by two Lebanese migrants who got their first break making wines in a garage in rural San Diego has been acquired by Australia’s Treasury Wine Estates, one of the world’s largest vintners. DAOU Vineyards, owned by Georges and Daniel Daou, has agreed to be bought by Treasury Wine Estates for up to $1 billion in a move the Australian company said provides it with scale to potentially launch a luxury wine division covering the Americas. Treasury is among major producers seeking to generate more revenue from premium wines, which can sell for hundreds of dollars per bottle, as data suggest consumers are buying less bulk wine.

Persons: David Gray, Georges, Daniel Daou Organizations: Wine Estates, REUTERS SYDNEY, Australia’s Treasury Wine Estates, Treasury Wine Estates, Treasury Locations: Australia, California, San Diego, DAOU, Americas

☆ Australia's Treasury Wine to buy US-based DAOU Vineyards for $900 mln
▼ + stars: | 2023-10-30 | by ( Roushni Nair | ) www.reuters.com time to read: +3 min

Bottles of Penfolds Grange, made by Australian wine maker Penfolds and owned by Australia's Treasury Wine Estates, sit on a shelf for sale at a wine shop in central Sydney, Australia, August 4, 2014. The wine producer has been resetting its strategy in an attempt to diversify outside of China, which used to contribute a third of its profits, after Beijing imposed tariffs on Australian wine in 2021 when Canberra called for an inquiry into the origins of COVID-19. The winemaker's combined premium and luxury portfolios delivered double-digit gross profit growth in fiscal 2023, according to its annual report. Including cost synergies of more than $20 million, the acquisition is expected to be mid to high-single-digit earnings per share (EPS) accretive in fiscal 2025, the first year of Treasury owning DAOU. Treasury said it would also issue A$157 million of new shares to the existing owners of DAOU.

Persons: David Gray, Penfolds Grange, Frank Family, Phillip Kimber, Roushni Nair, Shailesh Kuber, Krishna Chandra Eluri, Jamie Freed Organizations: Australia's Treasury Wine Estates, REUTERS, China Deal, Wine Estates, Treasury, P Capital, Thomson Locations: Australian, Sydney, Australia, China, Beijing, Canberra, Americas, Bengaluru

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