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☆ It looks like the party's over for luxury goods in China
▼ + stars: | 2024-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewHugo Boss, Burberry, Richemont, and Swatch have all called out slumping sales in China this week as consumers cut back on luxury spending. Swiss watch group Swatch said it expects the Chinese market "to remain challenging for the entire luxury goods industry until the end of the year." But much of this spending has been overseas, and sales in China have fallen for some of the world's biggest luxury brands. AdvertisementBefore the pandemic, about two-thirds of Chinese luxury spending occurred outside mainland China, plummeting to less than 10% in 2021 and 2022 because of travel restrictions, according to data from Bain. The consultancy said that this started to rebound in 2023 with the return of overseas tourism, with an estimated 30% of luxury spending taking place outside mainland China.

Persons: —, Hugo Boss, Burberry, Gerry Murphy, they've, Bain, Luca Solca, Vacheron Constantin, Marc Jacobs, Versace, Richemont Organizations: Service, Swatch, Business, Bain & Company, Richemont, Cartier, Burberry, Financial Times, Bain, Prada, The Financial Times, Luxury Summit Locations: China, Swiss, Americas, Hong Kong, Macau, Japan, South Korean, East

☆ Burberry Replaces C.E.O. Amid ‘Disappointing’ Results
▼ + stars: | 2024-07-15 | by ( Gregory Schmidt | More About Gregory Schmidt | ) www.nytimes.com time to read: +1 min

Burberry, the British luxury brand, on Monday reported falling sales, suspended its dividend and replaced its chief executive, as it grapples with a pullback in spending by consumers on high-end fashion and related goods. Burberry said revenue fell more than 20 percent in its latest quarter, which ended June 29. To bolster its balance sheet, Burberry paused its dividend. The company named Joshua Schulman as its new chief executive, replacing Jonathan Akeroyd, who is leaving the company immediately. The abrupt departure of Mr. Akeroyd, a fashion industry veteran who was previously chief executive of Versace and Alexander McQueen, came less than two and a half years after he was tapped to run Burberry.

Persons: ” Gerry Murphy, Burberry, Joshua Schulman, Jonathan Akeroyd, Akeroyd, Versace, Alexander McQueen Organizations: Burberry Locations: London

☆ Burberry CEO is out after company warns about its profit
▼ + stars: | 2024-07-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%. Jonathan Akeroyd is leaving Burberry with “immediate effect,” the company said in its earnings release Monday, and replacing him with Joshua Schulman, a luxury wear veteran that has held CEO roles at Coach and Michael Kors. A global slowdown on spending on luxury goods has also forced Burberry to issue a profit warning, and it scrapped its dividend. “There is a sense that Burberry has been on the back foot and that Jonathan Akeroyd’s revitalization plans have largely failed to stop the rot,” Saunders told CNN. “A course correction has been needed for some time and Burberry is hoping a new CEO can deliver this.”

Persons: Jonathan Akeroyd, Joshua Schulman, Michael Kors, Akeroyd, Burberry, Gerry Murphy, ” Murphy, “, Neil Saunders, Jonathan Akeroyd’s, ” Saunders, ” Organizations: New, New York CNN, Burberry, London Stock Exchange, GlobalData, CNN Locations: New York

☆ Burberry shares drop 11% after the luxury giant issues profit warning and replaces CEO
▼ + stars: | 2024-07-15 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

Shares in Burberry plunged 11% in early trading on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. The luxury giant said that if the recent trading slowdown continues, it expects to report an operating loss for the first half of this year and full-year operating profit below current consensus. It also suspended its dividend and named Joshua Schulman — who formerly led Michael Kors and Coach — as new CEO. Jonathan Akeroyd is stepping down "with immediate effect by mutual agreement with the Board," the company added. Burberry said comparable store sales fell 21% in the 12 weeks to June 29, with retail revenue coming in at £458 million for the period.

Persons: Joshua Schulman —, Michael Kors, —, Jonathan Akeroyd, Burberry, Gerry Murphy Organizations: Burberry, Asia Pacific Locations: EMEIA, Europe, East, India, Africa, Americas

☆ Skydance CEO David Ellison on Paramount deal
▼ + stars: | 2024-07-10 | 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 EmailSkydance CEO David Ellison on Paramount dealSkydance CEO David Ellison and Gerry Cardinale, RedBird Capital Partners founder and managing partner, join 'Squawk on the Street' to discuss Ellison's thoughts on the technological transformation inside Paramount, how it plans to slow the pace of cord-cutting, and mor

Persons: David Ellison, Gerry Cardinale Organizations: Paramount, RedBird Capital Partners

☆ Watch CNBC's full interview with Skydance CEO David Ellison and Redbird Capital's Gerry Cardinale
▼ + stars: | 2024-07-10 | 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 EmailWatch CNBC's full interview with Skydance CEO David Ellison and Redbird Capital's Gerry CardinaleSkydance CEO David Ellison and Gerry Cardinale, RedBird Capital Partners founder and managing partner, join 'Squawk on the Street' to discuss Ellison's thoughts on the technology transformation inside Paramount, how it'll go about slowing the pace of cord-cutting, and more.

Persons: David Ellison, Redbird Capital's Gerry Cardinale, Gerry Cardinale Organizations: RedBird Capital Partners, Paramount

☆ Meet the ex-Goldman Sachs partner behind the scenes of the Skydance-Paramount deal
▼ + stars: | 2024-07-09 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Read previewAfter months of negotiations, Paramount has inked a merger agreement with film studio Skydance Media, owned by David Ellison, son of billionaire Oracle founder Larry. The Ellison family and RedBird will invest $6 billion and $2 billion, respectively, to take over Paramount and bolster its balance sheet. This story is available exclusively to Business Insider subscribers. Advertisement"I think it's my biggest competitive advantage that I don't get emotionally attached," Cardinale told Business Insider in 2022. Business Insider spoke with 27 of Cardinale's colleagues and peers to learn more about his winning strategy.

Persons: —, David Ellison, Larry, Ellison, RedBird, Gerry Cardinale, Goldman Sachs, " Cardinale, Jeff Shell, Skydance, Goldman, Jon Winkelried, Gerry Organizations: Service, Paramount, Skydance Media, RedBird Capital Partners, Business, New York Yankees, Dallas Cowboys, NFL, AC Milan, Weatherford Capital, TPG Locations: Skydance, RedBird

☆ Analysis: Biden’s fate is on the line in the most critical days of his 50-year political career
▼ + stars: | 2024-07-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

The turmoil surrounding Biden’s future is creating a grim mood inside the White House, CNN’s MJ Lee reported. • If that happens, would senior party leaders be willing to go to the president and argue that his position is unsustainable? There is an almost surreal quality to the frenzied political debate as Biden digs in. There would be no guarantee that a new standard-bearer would do better than Biden, who has already beaten Trump once. Black Democratic voters helped to rescue Biden’s primary campaign in 2020 and to put him in the White House.

Persons: Joe Biden’s, Biden, Donald Trump, Hakeem Jeffries, Sen, Mark Warner, “, Connecticut Sen, Chris Murphy, ”, ” Biden, Trump, CNN’s MJ Lee, Biden –, Kamala Harris –, laud, Joe Biden, ” Murphy, Dana Bash, Adam Schiff, Murphy, Schiff, lacerated Trump, Jeffries, Chuck Schumer, “ I’m, It’s, Joyce Beatty, “ shouldn’t, CNN’s Ebony Davis, Eva McKend, he’s, CNN’s Jeff Zeleny, Lyndon Johnson, Gerry Connolly, CNN’s Pamela Brown, Joe Biden didn’t, ” Connolly, Josh Shapiro, Pennsylvania Sen, John Fetterman, Bob Casey Organizations: CNN, Democrats, White House, Virginia Democrat, Sunday, Union, Democratic, ABC News, West Wing, Democratic Party Among, Biden, ”, Press, California Democrat, Capitol, ABC, Congressional Black Caucus, Ohio, CBC, NATO, Airy, of God, Black Democratic, Pennsylvania Gov, Pennsylvania, Trump, Republican National Convention, Democratic National Convention Locations: Connecticut, “ State, Pennsylvania, Trump, Atlanta, California, New Orleans, Philadelphia, Harrisburg , Pennsylvania, Washington, Virginia, Harrisburg, “, Michigan, Ukraine, Milwaukee

WASHINGTON — After he gave his State of the Union speech in March, President Joe Biden seemed to have quieted persistent fears that, at 81, he was no longer up to the job. But a Democratic lawmaker who shook hands with Biden in the House chamber that night was troubled by his appearance. Biden's poor showing at the debate with Donald Trump last week threatens to end his campaign just four months before the election. A third Democratic lawmaker said that in recent months, Biden looked "exceedingly tired" when the two were together. Yet the interview comes eight days after Biden's appearance onstage with Trump — time enough for perceptions of his poor performance to calcify.

Persons: Joe Biden, Donald Trump's, WASHINGTON —, Biden, Donald Trump, who've, they've, Ronald Reagan, —, Sen, Chris Coons, he's, Coons, " Coons, I've, who've vouched, Gerry Connolly, " Connolly, Connolly, Reagan, it's, I'm, You've, It's Organizations: U.S, Supreme, Republican, White, WASHINGTON, Democratic, Air Force, Trump, Biden, White House, Joint Chiefs, Staff, Los Angeles Times, Army Rangers, Omaha, ABC Locations: Washington , U.S, D, France, Paris, Pointe du Hoc

☆ After Hajj Deaths, Egypt Suspends Companies That Took Pilgrims to Mecca
▼ + stars: | 2024-06-22 | by ( Gerry Mullany | More About Gerry Mullany | ) www.nytimes.com time to read: +1 min

After hundreds of pilgrims died in the scorching desert heat during the annual hajj pilgrimage to Mecca, the Egyptian government is taking action against tour companies that facilitated the travel to Saudi Arabia, and said on Saturday that it had suspended the licenses of 16 companies. At least 450 people died during the pilgrimage, in which travelers endured maximum temperatures that ranged from 108 degrees to 120 degrees Fahrenheit (42 to 49 degrees Celsius). But the actual number of fatalities is expected to climb far higher as governments get more accurate tallies of the deaths. In announcing the suspension of the 16 travel companies, the Egyptian government said the businesses failed to offer the pilgrims important services like medical care. said, companies were being blamed for letting pilgrims travel to Saudi Arabia on personal visas, rather than hajj visas that could have allowed them access to medical care and the holy sites.

Organizations: Associated Press Locations: Mecca, Saudi Arabia, Egypt

☆ ‘The Secret Is Out’: Joan Vassos Is the First ‘Golden Bachelorette’
▼ + stars: | 2024-05-14 | by ( Callie Holtermann | More About Callie Holtermann | ) www.nytimes.com time to read: +1 min

It has only been a month since the storybook ending of “The Golden Bachelor,” ABC’s buzzy spinoff of “The Bachelor,” featuring cast members 60 and up, got a divorce-announcement epilogue. But ABC is giving the dating franchise another chance at love. Joan Vassos will be the first “Golden Bachelorette” in a new season of the reality dating show this fall. Ms. Vassos, a 61-year-old school administrator from Rockland, Md., was a contestant on the inaugural season of “The Golden Bachelor” last year. She chose to leave the show during its third week because her daughter was experiencing health problems soon after giving birth.

Persons: ”, Joan Vassos, Ryan Seacrest, Vassos, Gerry Turner, Ms, Turner Organizations: ABC Locations: Rockland, Md

☆ What you need to know about Skydance's bid for Paramount, from financing a deal worth $32 billion to its plans for the media empire
▼ + stars: | 2024-05-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Skydance Media and its largest private-equity backer RedBird Capital Partners have been wooing Paramount for the better part of a year. The Skydance consortium, including fellow Skydance investor KKR, submitted a revised offer on Sunday. The deal would be worth roughly $32 billion, according to the source, with the value of Paramount and its $15 billion in debt making up the lion's share. Here's what we know about the deal, how much Redstone would get, and what a new Paramount would look like. Keeping Paramount public sets the Skydance bid apart from Apollo's potential offer, according to one of the sources.

Persons: Bob Bakish, Shari Redstone's, Tom Cruise, Mario Gabelli, Bakish, Getty, Redstone's, David Ellison, Larry Ellison, Ellison, RedBird, Gerry Cardinale, Goldman Sachs, Goldman, Skydance, Jeff Shell, Ben Affleck, Matt Damon's, Axel Springer Organizations: Skydance Media, RedBird Capital Partners, Paramount, KKR, Business, Ex, CNBC, Apple, New York Yankees, NFL, Bakish, CBS, MTV, Nickelodeon, ' Equity, Amazon Studios, Sony, Apollo, Wall Street Locations: Santa Monica , California, New York City, Skydance, RedBird

☆ Meet the ex-Goldman Sachs partner behind the scenes of the Skydance-Paramount deal negotiations
▼ + stars: | 2024-04-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Read previewParamount's CEO Bob Bakish was ousted on Monday night, putting the entertainment giant one step closer to accepting a merger deal. The would-be buyer, film studio Skydance Media, is owned by David Ellison, son of billionaire Oracle founder Larry. An investor in Skydance since 2020, RedBird is the media company's largest shareholder other than the Ellison family. This story is available exclusively to Business Insider subscribers. "I think it's my biggest competitive advantage that I don't get emotionally attached," Cardinale told Business Insider in 2022.

Persons: —, Bob Bakish, David Ellison, Larry, RedBird, Ellison, Gerry Cardinale, Goldman Sachs, Jeff Shell, Skydance, " Cardinale, Goldman, Jon Winkelried, Gerry, Axel Springer Organizations: Service, Skydance Media, RedBird Capital Partners, Business, New York Yankees, Dallas Cowboys, NFL, AC Milan, Paramount, KKR, Sony, TPG Locations: Skydance, RedBird

☆ Opinion: Winds of fate confront Trump
▼ + stars: | 2024-04-28 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. To Trump’s delight, the top court’s session dimmed the chances the federal case will go to trial before the election. (Trump has denied the affairs with Daniels and McDougal and has pleaded not guilty to the hush money charges. Here’s why we should tune in anyway 04:27 - Source: CNNAs SE Cupp noted, “Trump and Biden debated twice in 2020. Chris Pizzello/Invision/APCNN anchor Victor Blackwell is a fervent Beyoncé fan but her foray into country music didn’t initially grab him.

Persons: CNN —, Yabushige, Yoshii, ”, “, Toranaga, Donald Trump’s, Trump, Stormy Daniels, Jack Smith, Steve Vladeck, Neil Gorsuch, ” Clay Jones, immunizing Trump, John Roberts, Roberts, ” Vladeck, Joey Jackson, David Pecker, Pecker’s “, Michael Cohen …, Norm Eisen, George T, Conway III, Jill Filipovic, Melania Trump, Melania, Daniels, McDougal, ” Bill Bramhall, Frida Ghitis, Jonathan Greenblatt, ” “, Rev, Serene Jones, Israel … ”, Julian Zelizer, …, Lyndon Johnson, Hubert Humphrey, Richard Daley, Richard Nixon, Fareed Zakaria, Ian Berlin, I’m, Bill Bramhall, Kara Alaimo, ” Alaimo, “ Trump, Biden, CNN’s Jake Tapper, ABC’s George Stephanopoulos, Chip Bok, Clarissa Wei, Mike Johnson, Sen, John Fetterman of, Johnson, Scott Jennings, it’s, Mark Hannah, “ Biden, ” Biden, Hannah, Deborah Carr, Gerry Turner, Theresa, ’ —, ” Carr, ” Don’t, Terri Gerstein, Hasan Merali, Tess Taylor, Jeff Yang, Dean Obeidallah, Joey Weatherford, Beyoncé, Chris Pizzello, Victor Blackwell, didn’t, ’, Carter, she’s, CNN FlashDocs, Duke Ellington, Sammy Miller, Billy Strayhorn, Ellington, Strayhorn, Michael Ochs, “ Ellington, — Organizations: CNN, Republican, Art Deco New, “, Trump, New, American Media, National Enquirer, Agency, Columbia University , Yale, Defamation League, Hillel, Columbia, Force, Union Theological Seminary, New York City Police Department, Columbia University, Twitter, Facebook, Democratic, Convention, Chicago police, Yale, Real Housewives, Syndicate, Theresa Nist, Nashville’s, Max, Michael Ochs Archives Locations: New York, Washington, Florida, Georgia, Israel, Israeli, Columbia, Gaza, Chicago, Vietnam, Taiwan, China, America, Taipei, ”, Ukraine, John Fetterman of Pennsylvania, Fetterman, Crimea, Los Angeles, Sugar, Harlem

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since then, private-equity firms have poured $54.6 billion into sports, according to PitchBook data. And the field of potential investors is growing with Goldman Sachs helping rich clients invest in teams, which can drive up prices. AdvertisementLeagues also restrict PE investments, with some caps on the number of teams a firm can own stakes in or the ownership share a fund can hold. Scroll down to read about the private equity firms, listed alphabetically, that have been making the biggest moves in sports in recent years.

Persons: —, Josh Harris, Rob Walton, Carlyle, Ben, Blackstone, Goldman Sachs, Harris, Blackstone Group's David Blitzer, Lauren Leichtman, Arthur Levine, Sportico, RedBird, Gerry Cardinale, There's Organizations: Service, MLB, NBA, Business, Washington, Denver Broncos, Amazon, Sports, Ben Fund, Bluestone Equity Partners, GMF, Apollo Global Management, Blackstone Group's, Levine, Capital Partners, San Diego Wave, NFL Locations: downturns

☆ Small-caps set to gain as interest rate cuts come through, UBS says
▼ + stars: | 2024-04-22 | 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 EmailSmall-caps set to gain as interest rate cuts come through, UBS saysGerry Fowler, UBS's head of European equity strategy, says small-cap stock performance looks set to improve as central bank interest rate cuts play out.

Persons: Gerry Fowler, UBS's Organizations: UBS

☆ UBS names top luxury stocks as market shifts toward 'quality'
▼ + stars: | 2024-04-22 | 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 EmailUBS names top luxury stocks as market shifts toward 'quality'Gerry Fowler, UBS's head of European equity strategy, names his top luxury picks, as the market shifts in favor of '"quality" stocks.

Persons: Gerry Fowler, UBS's Organizations: UBS

☆ House Democrats keep options open as effort to oust Johnson grows
▼ + stars: | 2024-04-16 | by ( Lauren Fox | Kristin Wilson | ) edition.cnn.com time to read: +9 min

He’d let Putin take all of Europe,” Florida Rep. Jared Moskowitz said on CNN after Massie announced Tuesday he’d join Greene in her effort to oust Johnson. “Let’s just hope that that does not happen, and that we can do our responsibilities, protect and defend our own democracy as we protect theirs,” former House Speaker Nancy Pelosi said. “If Speaker Johnson wants to talk to Hakeem Jeffries, I think we’d be open to something like that. If only a handful of Republicans vote to oust Johnson, only a handful of Democrats would be needed to step in and help him keep his job. And that is where Democrats would have to decide if they’d help Johnson.

Persons: Mike Johnson, institutionalists, Johnson, Hakeem Jeffries, Kevin McCarthy, Israel, Marjorie Taylor Greene, Thomas Massie, He’d, Putin, Jared Moskowitz, Massie, he’d, Greene, Tom Suozzi, Johnson –, “ Let’s, Nancy Pelosi, “, Johnson’s, Sara Jacobs, ”, Jeffries, hypotheticals, McCarthy, Matt Gaetz, –, Chuck Schumer, ’ –, Alejandro Mayorkas –, wouldn’t, Ann Kuster, Mike Gallagher, they’d, ‘, ’ Jeffries, Gerry Connolly, “ It’s, Rosa DeLauro, We’ve, can’t, “ We’ve, Jamie Raskin, Jim Himes, “ Gerry, ” Himes Organizations: CNN — House, Democratic, Union, ”, CNN, New York Democratic, Republicans, California Democratic, Florida Rep, White, Foreign Intelligence, of Homeland, GOP, ” New Hampshire Democratic, Republican Rep, Louisiana Republican, Republican, Maryland Democratic, House Intelligence Locations: Israel, Europe, ” Florida, California, Ukraine, Louisiana, Haiti, Sudan, Gaza, “, Connecticut

☆ 'The Golden Bachelor' stars Gerry Turner and Theresa Nist are getting divorced 3 months after their televised wedding, but they still love each other
▼ + stars: | 2024-04-12 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

"The Golden Bachelor" stars Gerry Turner and Theresa Nist are divorcing after three months of marriage. Advertisement"The Golden Bachelor" stars Gerry Turner, 72, and Theresa Nist, 70, are going their separate ways after three months of marriage. EXCLUSIVE: "The Golden Bachelor" couple Gerry Turner and Theresa Nist announce they are getting divorced. Gerry Turner and Theresa Nist on their wedding day on January 4, 2024. Gerry Turner and Theresa Nist at the official launch of Hulu on Disney+ in Los Angeles.

Persons: Gerry Turner, Theresa Nist, —, Theresa, we've, Turner, Juju Chang, “ We’ve, ”, tmeLsD9HqB, Susan Noles, Variety, Matt James, John, Joseph, they're, it's, Frank Micelotta, Getty Images Turner, didn't Organizations: Service, Nist, Theresa Nist, America, ABC's, Nation, TMZ, Disney, Joseph Photography, Hulu, Getty Images Locations: Costa Rica, Indiana, New Jersey, LA, South Carolina, Los Angeles

☆ Switzerland violated human rights, European court finds, in landmark climate case brought by 2,000 women
▼ + stars: | 2024-04-09 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —An international court in France on Tuesday ruled Switzerland’s failure to adequately tackle the climate crisis was in violation of human rights, in a landmark climate judgment that could have a ripple effect across the globe. The European Court of Human Rights (ECHR) in Strasbourg, France delivered its ruling in a case brought by more than 2,000 Swiss women, the majority of whom are in their 70s, against Switzerland’s government. “It means that all European countries must urgently revise their targets so that they are science-based and aligned to 1.5 degrees. Those two claims were ruled “inadmissible.”Swedish climate activist Greta Thunberg, second left, joins youths from Portugal during a demonstration outside the European Court of Human Rights on Tuesday in Strasbourg, France. Both the International Court of Justice and the Inter American Court of Human Rights have cases pending which relate to the human rights impacts of climate change.

Persons: “, ” Gerry Liston, Vesselina Newman, ClientEarth, Greta Thunberg, Jean, Francois Badias, ”, Catarina dos Santos Mota, ” Liston Organizations: CNN, of Human Rights, Swiss, Switzerland, Global, Network, of Human, International Court of Justice, Inter American Court of Human Locations: France, Strasbourg, Portugal, Switzerland, Swiss

☆ Dawn Staley: South Carolina’s three titles in seven years speak volumes of coach’s remarkable tenure
▼ + stars: | 2024-04-08 | by ( Ben Morse | Sarah Sidner | ) edition.cnn.com time to read: +9 min

CNN —Caitlin Clark’s last dance in the NCAA dominated conversation ahead of Sunday’s women’s national championship game. Could the Iowa star cap off her historic time in college basketball with the final and so-far elusive accolade: a national title? Staley celebrates winning her third national title. After a year in Syracuse, she transferred to South Carolina in 2021, playing back-up to Boston during the team’s 2022 national title run. South Carolina players credit Staley for helping their development on the court.

Persons: Caitlin Clark’s, Clark, Dawn Staley’s, juggernaut Staley, South Carolina vanquishing Clark, ” Staley, “, ”, Staley, Gregory Shamus, ’, that’s, Gamecocks weren’t, Nancy Wilson, Susan Walvius, A’ja Wilson, Wilson, –, Kamilla Cardoso, Cardoso, Morry Gash, AP Cardoso, she’s, She’s, Dawn Staley, Lisa Bluder, Andy Lyons, you’re, You’re, Stanford’s Tara VanDerveer, UConn’s Geno Auriemma, Raven Johnson, It’s, Gerry Broome, Paopao, ” Paopao Organizations: CNN, NCAA, South Carolina Gamecocks, Mortgage, South Carolina, Gamecocks, Hawkeyes, South, WNBA, Las Vegas Aces, Boston, Indiana Fever, Getty Locations: Sunday’s, Iowa, Cleveland , Ohio, Columbia, South, South Carolina, Brazil, Syracuse, Boston, ” Iowa

☆ House Democrats push to rename Miami federal prison after Trump
▼ + stars: | 2024-04-06 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

House Democrats introduced a bill that would rename a federal prison after Donald Trump. AdvertisementThree House Democrats unveiled legislation on Friday that would rename a federal prison in Miami after former President Donald Trump. "I hope our Republican friends will join us in bestowing upon Donald J. Trump the only honor he truly deserves." That's what America stood for under the leadership of President Donald J. Trump — the best president of my lifetime." "And that's why I'm introducing legislation to rename Dulles as the Donald J. Trump International Airport," he wrote.

Persons: Donald Trump, Trump, —, Donald J, Gerry Connolly, Connolly, Jared Moskowitz, Florida, John Garamendi, Garamendi, Moskowitz, he's, Guy Reschenthaler, Reschenthaler Organizations: Democrats, Republicans, Washington Dulles, Service, Miami Federal Correctional Institution, Trump Federal Correctional Institution, Washington Dulles International, Republican, Dulles, Trump, Rep, America, Trump International Airport Locations: Miami, Florida, Virginia, California, Mar

☆ Biden administration bolsters protections for federal workers, getting ahead of potential Trump moves
▼ + stars: | 2024-04-04 | by ( Betsy Klein | Tami Luhby | ) edition.cnn.com time to read: +7 min

Washington CNN —The Biden administration has finalized a new rule bolstering protections for career federal workers, marking a move to preemptively halt or significantly slow any efforts by former President Donald Trump, should he win in November, to reduce or alter the federal workforce. Critics warned that the order would allow the president to fill the federal workforce with his loyalists. Trump’s executive order created a new classification of federal employees titled “Schedule F” for employees serving in “confidential, policy-determining, policy-making, or policy-advocating positions” that typically do not change during a presidential transition. It strengthens and clarifies existing rights for career civil servants by making clear that civil service protections cannot be taken away from employees unless they give them up voluntarily. “The threat of a politicized civil service is too great, and too real, for this to be the end of our efforts,” he said in a statement.

Persons: Washington CNN —, Biden, Donald Trump, Joe Biden, Trump, ”, Bitsy, ” Skerry, “, Skerry, Gerry Connolly, Connolly, Brian Fitzpatrick, Biden’s, ” Everett Kelley, Doreen Greenwald, CNN’s Veronica Stracqualursi, Kevin Liptak Organizations: Washington CNN, “, Public Citizen, Customs, US Postal Service, Biden, CNN, Trump, Management, Virginia Democrat, Technology, Government Innovation, Republican, American Federation of Government Employees, District of Columbia, National Treasury Employees Union Locations: Washington ,, Virginia, Pennsylvania

☆ Feeling FOMO over Reddit or Truth Social? Here's another way to cash in on meme stocks
▼ + stars: | 2024-04-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Meme stocks, which gained popularity through social media platforms like Reddit and Twitter, have attracted retail investors looking to make a quick profit. In 2021, GameStop shares skyrocketed by more than 1,500% in just a few weeks, driven by a coordinated effort from retail investors on the Reddit forum r/WallStreetBets . This means that retail investors are often in a disadvantaged position when trading. Cashing in So, what can investors do to capitalize on the trading phenomenon without taking on the risks associated with meme stocks? Gooch-Peters suggests looking at the exchanges themselves, citing Intercontinental Exchange (ICE) as an example.

Persons: Hannah Gooch, Peters, Gooch, Gerry Fowler, Fowler Organizations: GameStop, Sanlam Investments, Twitter, UBS, Intercontinental Exchange, ICE, Quality, New York Stock Exchange, Nasdaq, CBOE

☆ This payments firm has Nvidia-like profit margins — and it's even more sustainable, investor says
▼ + stars: | 2024-04-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Gooch-Peters pointed to Visa — which has a 60% operating profit margin — as a more sustainable investment opportunity. This creates a strong competitive moat and helps to sustain the company's high profit margins over time. Gerry Fowler, chief European equity strategist at UBS, echoed the sentiment about the importance of a company's competitive moat while picking stocks. The UBS strategist pointed to the attempts of Apple, then the world's biggest company, to break into the payments network sector. The UBS strategist also cautioned that impenetrable moats might sometimes pose a downside risk to investors.

Persons: Hannah Gooch, Peters, you've, Gooch, London Business School . Gooch, " Gooch, Gerry Fowler, Fowler, Flower Organizations: Nvidia, Sanlam Investments, CNBC, London Business School, Visa, Sanlam's, Quality, UBS, Apple, world's, MasterCard, Apple Card, Mastercard, U.S

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