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Activist involvement is heating up at Starbucks , increasing the likelihood that the coffee chain makes changes necessary to boost its languishing stock price. This one-two punch of activist news is sending shares of Starbucks higher by more than 2% Monday, to nearly $77 each. We upgraded our rating on Starbucks' stock to a buy-equivalent rating last month on hopes that Elliott's presence would lead to positive changes inside the company. Board seats aside, Elliott's exact plan to lift Starbucks' stock is not known. This is not the first time Elliott and Starboard have been in a Club stock at the same time.
Persons: Jeff Smith's, It's, John's, Elliott Management —, Jesse Cohn, Cohn, Satya Nadella, Elliott, Jim Cramer, Jim, That's, Laxman Narasimhan, Wells Fargo, Jim Cramer's, Beata Zawrzel Organizations: Street Journal, Olive Garden, Darden, CNBC, Microsoft, Starbucks, Club, Constellation Brands, Nurphoto, Getty Locations: China, North America, Salesforce, Krakow, Poland
In Riomaggiore, one of the five vertigo-inducing villages that make up Cinque Terre, which hug the steep cliffs of Italy’s northwestern coast, just about everyone has a memory of the Via dell’Amore, or Love’s Lane. With breathtaking sunset views, the seacoast trail to neighboring Manarola was popular with local couples. “Otherwise what kind of love lane would it be?” said Marinella Cigliano, a 60-something who remembers getting caught by her mother while making out with a long-ago boyfriend. The only alternatives were oft-crowded trains, ferries or a sweat-inducing path up in the hills. “For us, it was a tragedy,” said Ms. Cigliano, who runs a luggage deposit near the Riomaggiore train station.
Persons: , Cigliano, , Roberta Pecunia, Brizio, Vittoria Capellini’s Organizations: Terre Locations: strollers
AdvertisementRegularly taking our food to go saved us moneyWe stopped for photos while walking around the Amalfi Coast. Packing fashionably but practically was keyComfortable shoes are helpful when walking around the Amalfi Coast. Alesandra DubinThe Amalfi Coast is like a fashion show in high season — a feast for the eyes of chic coastal Italian style. Still, I wish we hadn't overbooked and tried to do too muchWe tried to see a lot of the Amalfi Coast in just a few days. Alesandra DubinOur Airbnb in Sorrento was our hub from which we'd visit the Amalfi Coast and surrounding area on day trips.
Persons: , it's, I'd, Alesandra Dubin, overbooked Organizations: Service, , Business Locations: Southern Italy, Amalfi, Amalfi Coast, Sorrento, Capri
A deadly Israeli strike on a school turned shelter in northern Gaza on Saturday exposed an agonizing dilemma for civilians in Gaza seeking safety after 10 months of war. They could stay at the schools turned shelters, hoping for a modicum of security in the desperate conditions of Gaza. Or they can flee, knowing that the shelters themselves can become targets. Conditions are atrocious, residents have said, but the schools, which offer walls and access to limited plumbing, are attractive for the simple reason that the alternatives are worse. And diseases are spreading fast in squalid, crowded camps and the ruins of former homes.
Persons: Ahmed Tahseen Abd Shabat Organizations: New York Times, Hamas Locations: Gaza, schoolyards, Gaza City, Israel
I realized I needed to take pictures and document and little videos because nobody would believe it unless I did. I started a WhatsApp group where I shared reflections and stories almost like a diary or journal entry. The capacity of the hospital was supposed to be between 150 and 200 people, and there were 700 patients in that hospital. Today Deir al Balah, the area I’m in, was bombed, resulting in a massive mass casualty event at the hospital. A little girl lay on a cardboard box.
Persons: Shrapnel, Nabil, Mohammed, Deir al Balah, gurney, Farrah, he’s, Anas, Khan Younis, It’s, I’ve Locations: Deir, Khan
Urban warfare in Gaza has revealed a painful truth for NATO: Many of its armies are ill-prepared for fighting in crowded cities. There is good reason for concern: urban warfare has become a fixture of warfare on a rapidly urbanizing planet, from Fallujah in 2003 to Bakhmut in 2023. Israeli troops and their vehicles have faced challenges operating in sections of Gaza that the Israeli Air Force shattered. The biggest lesson of Gaza is the importance of firepower in urban warfare, according to RUSI. Related storiesFirepower played a decisive role "in determining initiative during the fighting in Gaza," RUSI said.
Persons: RUSI, Jack Watling, Nick Reynolds, Watling, Reynolds, Michael Peck Organizations: Service, NATO, Israel Defense Forces, British Army, Business, Royal United Services Institute, US Army, IDF, Israeli Air Force, Anadolu, Getty, Fighters, Hamas, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Gaza, British, Fallujah, Bakhmut, Israel, Ukraine, Russia, Forbes
In today's big story, turns out being a venture capitalist can be really hard, and some VCs want out . The big storyWe were promised big returnsiStock; Rebecca Zisser/InsiderFor venture capitalists, when the going gets tough, the tough get going…toward the exits. Some VC workers are reconsidering their future as the industry goes through a rough patch, writes Business Insider's Sri Muppidi. The ink was barely dry on a deal before startups were raising another round, doubling their VCs' investment (on paper) along the way. One Bay Area partner told Sri junior investors need to meet dozens of companies a week.
Persons: , Rebecca Zisser, It's, That's, VCs, dobi, Goldman Sachs, duMond, Chip Somodevilla, Alyssa Powell, Jamie Dimon, we're, Jamie, David Zalubowski, Chelsea Jia Feng, Meta's Instagram, Grzegorz Wajda, Elon Musk, Musk's X, he's, Grimes, Sam Altman, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, VCs, Tiger Global, Area, JPMorgan, YouTube, Dell, Getty, Elon, Federation, Global Alliance, Responsible Media, UK Prime, Democratic, Trump, Disney Locations: Patagonia, Dimon, Anaheim , California, North Carolina, Virginia, New York, London
Chun Shui Tang founder Liu Han-chieh and managing director Angela Liu at one of their company's teahouses in Taichung. Chun Shui Tang's executives appear unperturbed by the many shapes and forms boba tea takes these days — Heinz ketchup boba tea, anyone? AdvertisementIn 2008, Chun Shui Tang introduced a boba tea hot pot with a savory tea-infused broth. Huileng Tan/Business InsiderChun Shui Tang OG shop in Taichung is a tourist hotspotToday, Liu's OG Chun Shui Tang teahouse in Taichung is on many tourists' checklists. Chun Shui Tang founder Liu said he isn't worried about the competition, because the market is big enough for everyone.
Persons: , Chui, Chui Shui Tang, Chun Shui Tang, Liu Han, Liu, It's, Lin Hsiu, Chun, Huileng Tan, Lin, Angela —, doesn't, he's, Tang, He's, boba, Tu, Liu's, Angela, Chun Shui, Angela Liu, Heinz, they've, Liu wasn't, Mark Anthony Villones, Villones, Filippino Mark Anthony Villones, Kayne Sy, China Chun Shui Tang, Jason Yu, Kantar, Aly Song, Yu, it's Organizations: Service, Business, Chun Shui, Starbucks, Purdue University, Chun Shui Tang, Liu's, BI Locations: Chui Shui, Taiwan, Taichung, Japan, Tainan, China, Huileng, , Philippines, Central China, Hong Kong
Advertisement"As much as we think that our country is obese or unhealthy, there's another whole side who are into their fitness," Taylor said. Taylor told me that strength training now makes up 90% of her routine. Gyms are quickly becoming Gen Z's favorite hangout spot — but there's just one problem with the fitness boom. Chains like Planet Fitness rely on members never showing up; the gyms aren't built for Gen Z. Planet Fitness, the most popular gym franchise in the US, has on average 6,500 members per gym.
Persons: Britt Taylor, Taylor, Gen, aren't, Les Mills, Gen Z, who's, Z's, they've, Kayla Itsines, Christian Guzman, Whitney Simmons, Simeon Panda, Casey Johnston, Johnston, Sarah Ryan, Ryan, Amrita Bhasin, Bhasin, Britt, it's, Jim Thomas, Gen Zers, It's, Renel Scarlett, didn't, Amelie Desai, I've, Desai, Scarlett, Bassem Mostafa Organizations: Boca, McKinsey, ABC, American College of Sports, Gen, YouTube, Weightlifting, Fitness Management, Health, CNN, Works Health Club, Health & Fitness Association, GlobeMonitor Market Research Agency Locations: Boca Raton , Florida, California, Portland , Maine, Maine, Portland, American
Under Armour apparel is displayed at a Dick's Sporting Goods store on May 16, 2024 in Petaluma, California. Under Armour on Thursday said sales are falling across its business, but the athletic apparel retailer posted better fiscal first-quarter results than feared, sending its stock surging in early trading. Under Armour previously expected full-year earnings of 2 cents to 5 cents per share, and adjusted earnings between 18 cents and 21 cents per share. The athletic apparel company is in the midst of a broad restructuring plan as it fights to regain relevance, reverse a sales slump and boost profits. Apparel revenue fell 8%, footwear sales dropped 15% and accessories revenue slid 5%.
Persons: Armour, It's, Stephanie Linnartz, Kevin Plank, Plank, Eric Liedtke, Eric, , William Blair, Armour's Organizations: Sporting Goods, LSEG, Marriott, Armour's, Apparel, Adidas, UA Locations: Petaluma , California, North America
Boats full of tourists who arrive on the island, crowd the streets, and leave trash have led to the "worst season" ever, locals say. AdvertisementIn Athens and Greek islands, such as Santorini, there's a similar sentiment growing. Crowded monumentsVivian Antypa, an archaeologist and tour operator in Athens, told Business Insider that she loves working in tourism and meeting people from all over the world. Harris Doukas, the mayor of Athens, told Euro News that "Each visitor brings €0.40 to the city." "If the government takes action toward the right direction, we can make tourism better for the tourists and the locals."
Persons: , Vivian Antypa, hasn't, Antypa, Fortune, overtourism, Beata Zawrzel, Harris Doukas, Nikos Drosos, Drosos, ARIS OIKONOMOU, Drosis, Richard Krieger, Krieger, ARIS OIKONOMOU Krieger, Greece's, Kyriakos Mitsotakis Organizations: Service, Business, Bloomberg, Euro, Santo Luxury, ARIS, Sky, Tourists Locations: Greece, Europe, Barcelona, Athens, there's, Pangrati, Santorini, Mykonos, Peloponnese
But with major names headlining the 2024 event, tickets for the Ohana Festival are selling out fast. Here's what fans need to know to buy Ohana Festival tickets. Ohana Festival 2024 festival scheduleThe Ohana Festival is a three-day event held September 27 to 29 at Doheny State Beach. How to buy tickets for Ohana Festival 2024While original three-day and Sunday passes are sold out, the festival still has limited general admission single-day passes for Friday and Saturday. How much are Ohana Festival tickets?
Persons: Pearl, Sting, Pearl Jam, Neil Young, Garbage, Alanis Morissette, Devo, Marren Morris, Maren Morris, Ryan Beatty, Jaime Wyatt, Linka Moja, Jenny Lewis, Glen Hansard, Power, Joe Wong, Goldie Boutilier, Jam, Peter Cat, Kim Gordon, LA, Jesus, John Cruz Organizations: Business, Beach Boys, Sting, Doheny, Pearl, Crowded, Black Pumas, Breeders Locations: Doheny, Dana Point , California, Beach, Dogstar, Black, LA LOM, Santa
In the United States the atomic bombs signaled military victory. In the United States the atomic bombs signaled military victory. They are the surviving victims of the American atomic bomb attack 79 years ago. A view across the Motoyasu River of the Atomic Bomb Dome in Hiroshima. Countries like the United States, China and Russia are spending trillions of dollars to modernize their stockpiles.
Persons: Gallup, Organizations: Red, Smithsonian Locations: United States, Japan, Hiroshima, Nagasaki, United, China, Russia
Ms. Harris has conducted a fast search for a running mate and brought on a slate of new advisers to her campaign. By Friday afternoon, Ms. Harris — the only candidate on the ballot — had clinched a majority of the delegates she needed for the nomination. Ms. Harris first ran for president in 2019, while in her third year as a senator from California. Now Ms. Harris is setting out to prove she can lead a party desperate to block Mr. Trump’s attempt to return to office. On Tuesday, Ms. Harris is expected to announce her running mate before holding a joint campaign rally in Philadelphia and then touring the battleground states.
Persons: Harris, Biden, Harris —, , Trump’s Locations: India, Jamaica, California, Philadelphia
First, it was the women’s final between Germany and Spain coming down to the final seconds. And then on the final shot of the game, Gracia Alonso’s desperation shot at the buzzer clanged off the rim. Germany's Marie Reichert takes the ball to the hoop against Spain's Sandra Ygueravide in the women's 3x3 basketball gold medal game. In Olympic 3x3 basketball’s overtime, the first team to score two points wins. The Dutch fans lost their minds as the French crowd fell silent in shock.
Persons: Paris CNN —, bouche, Sonja Greinacher, Juana Camilion, Marie Reichert of, Gracia Alonso’s, Germany's Marie Reichert, Spain's Sandra Ygueravide, Matthew Stockman, Invalides, “ Allez, Les, , Johnny Hallyday, Worthy de Jong, Timothé, de Jong Organizations: Paris CNN, Games, Concorde, Notre Dame, Olympic, Dutch oranje – Locations: Paris, Tokyo, Germany, Spain, Marie Reichert of Germany, Spanish, France, The Netherlands, Luxor, Notre, Dutch oranje
Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2024, in New York City. "The market got a little bit ahead of itself in that run-up that it's had. Soon, traders began pricing in aggressive Fed rate cuts after expecting the central bank to do little the rest of the year. "This is the confluence of a very high market that has been soaring and riding on a lot of sentiment and emotion. For several months now, the momentum trade has been the successful trade," said Michael Farr, CEO of Farr, Miller & Washington.
Persons: Spencer Platt, Robert Teeter, it's, John Belton, , Kamala Harris, Republican Donald Trump, Michael Farr, Farr Organizations: New York Stock Exchange, Getty, Federal Reserve, Silvercrest Asset Management, Dow Jones, Labor Department, Gabelli, Bank of Japan, Nvidia, Democratic, Republican, Miller & Washington Locations: New York City, cumulatively, Ukraine, U.S
London CNN —Nigeria, Australia, Indonesia and a number of other countries have warned their citizens about traveling to the UK, as a spate of anti-immigrant riots grips cities across Britain. The UK’s worst social unrest in years was sparked by the stabbing deaths of three young girls in Stockport, northwest England, last week. A number of countries have issued warnings in response, including a group of Muslim-majority nations. Kenya’s principal secretary for foreign affairs, Korir Sing’Oei, took to social media platform X on Sunday to post, ““A deeply worrying situation in the UK. “Nigeria and Kenya are warning their citizens in the UK after riots in the former colonial power,” said Nairobi-based CNN correspondent Larry Madowo.
Persons: Korir Sing’Oei, , Larry Madowo, Organizations: London CNN —, Nigeria’s Ministry of Foreign Affairs, , CNN, Malaysia’s Ministry of Foreign Affairs, Indonesian Embassy Locations: London CNN — Nigeria, Australia, Indonesia, Britain, Stockport, England, Nigeria, Kenya, “ Nigeria, Nairobi, United Kingdom, Indonesian, London
“Deadpool & Wolverine” is dominating the charts again after earning $28.3 million on Friday. Rivals are putting the Disney release at a 55% drop though, demonstrating that “Deadpool & Wolverine” has immense appeal beyond Marvel diehards. “Deadpool & Wolverine” looks to blast past that figure in only in its second weekend and there’s no real signs of slowing down after that. Universal also has another top five slot with “Despicable Me 4,” still drawing a crowd in its fifth weekend of release. Total domestic gross surpassed $300 million earlier this week — one of only three titles this year to notch that milestone.
Persons: Marvel Jesus, “ Deadpool, , Ryan Reynolds, Hugh Jackman, Deadpool, Marvel, , Josh Hartnett, he’s, “ Harold, Zachary Levi Organizations: Disney, Warner Bros, Universal Locations: “ Kingdom
AdvertisementSome locals and business owners were quick to encourage tourists to return, citing the importance of tourism to the island's economy. According to the Maui Economic Development Board, around 70% of every dollar in Maui County is generated, either directly or indirectly, by the tourism industry. Tourism numbers from June 2024 show that nearly a year on, visit numbers had yet to return to their pre-fire levels. Tourists are still encouraged to act responsibly when they visit Maui, and there are opportunities to donate or help out with Lahaina recovery efforts. Shank said the Four Seasons is also encouraging tourists to actively get out and support the island during their visit.
Persons: , Ben Shank, Shank, " Shank, Lisa Paulson, Paulson, Smith Organizations: Service, Business, Maui Economic Development Board, Hawaii Department of Business, Economic, Tourism, Hawaii State Rural Health Association, Lodging Association, Travel Locations: Maui, Lahaina Town, Maui County, Lahaina, Hawaii, cabanas, Europe, Hana
Greg Abbott officially set the special election to replace the late Rep. Sheila Jackson Lee, D-Texas, for Nov. 5, 2024, the same day as the general election. The special election will only determine who will serve out the rest of Jackson Lee’s term, through January. There will be no primary for the general election, since Jackson Lee won that in March. Edwards mounted a primary challenge against Jackson Lee earlier this year, which Jackson Lee won by over 20 percentage points in March. Any other candidates who wish to run in the special election must declare their candidacy by August 22, the governor's official proclamation said.
Persons: Greg Abbott, Sheila Jackson Lee, Jackson, Jackson Lee, Sylvester Turner, Councilwoman Amanda Edwards, Edwards, Turner, Kamala Harris Organizations: Texas Gov, Democratic, Houston, Congressional Locations: Texas, Houston
A block away, the city had quietly begun sheltering migrants inside an empty 10-building office compound. Over the next few months, it would become one of the city’s biggest shelter complexes — housing more than 4,000 migrants just a few blocks from a residential neighborhood. The gargantuan scale of the shelters swiftly tested nearby residents in the liberal enclave of Clinton Hill. Their willingness to welcome migrants soon gave way to a litany of quality-of-life complaints, from littering and loitering to concerns about safety, leading to crowded town-hall meetings and pressure on Mayor Eric Adams to reverse course. On the night of July 21, a migrant man was shot and killed at a park near the shelter.
Persons: Clinton Hill, Eric Adams Organizations: Brooklyn Navy Locations: New York City, Clinton, Venezuelan
The Islamist militant group Al Shabab claimed responsibility for the deadly assault, which started late Friday. Al Shabab have been waging an insurgency against the internationally backed government in Somalia for more than 17 years and have previously targeted the beach area, Lido, which is popular with businesspeople and officials as well as with other residents. A witness, Mohamed Jibril, said that, at the time of the attack, he had been out with friends in the area, which had been thronged with hundreds of people. “We heard a loud explosion followed by gunfire,” Mr. Jibril said in an interview. “I saw many people lying on the beach asking for help, and no one dared to help them because there was ongoing shooting.”
Persons: Al Shabab, Mohamed Jibril, , Mr, Jibril, Locations: Somalia’s, Mogadishu, Somalia
Ogles is a member of the hard-right Freedom Caucus who reintroduced articles of impeachment against Vice President Kamala Harris last week after she launched her presidential campaign. He chases headlines, not results.”Johnston also had a boost from a super PAC, Conservatives with Character, that is funded by some prominent Tennessee donors and politicians, including former GOP Sen. Bill Frist. Former GOP Sen. Bob Corker also donated to Johnston’s campaign. A former county mayor, Ogles won a crowded primary in 2022 with just 35% percent of the vote, saying at the time, “We’re at war. This is a political war, a cultural war, and it’s a spiritual war.”Ogles is expected to carry the GOP-leaning 5th District in November.
Persons: Andy Ogles, Donald Trump, Ogles, Kamala Harris, Courtney Johnston, Johnson, ” Johnston, GOP Sen, Bill Frist, Former GOP Sen, Bob Corker, George Santos, “ We’re Organizations: Associated Press, GOP, Caucus, Nashville Metropolitan, Former GOP, Nashville, District Locations: Tennessee’s 5th, Tennessee
It's emblematic of our flexible post-pandemic world, which has allowed remote working arrangements to thrive. Moving forward, the former Zoom CMO believes that developing in-person relationships and a strong company culture can support the effectiveness of remote work. Pelosi said online meetings are more structured than a coffee chat or desk-side discussions in the office. AdvertisementBecause the video meetings are transactional and set up for a specific purpose, they're dealt with swiftly. This could help drive company culture and strengthen relationships in a world overcrowded with online meetings.
Persons: , Janine Pelosi, Pelosi, she's, it's Organizations: Service, Neat, Business, Zoom CMO, BI, Technology Locations: California, Oslo, Norway
The best day of Kamala Harris’s 2020 presidential campaign was its first. In that speech, delivered in January 2019, Ms. Harris owned her record as a prosecutor, told personal stories about the impact of her family and multicultural upbringing, and struck fear in the heart of her Democratic rivals. The argument for her candidacy at the time was similar to the arguments that voters and political analysts are making in her favor right now. Mr. Biden had the experience, Ms. Warren had the policy, and Senator Bernie Sanders had the progressive appeal — but Ms. Harris was the candidate who could theoretically do all the above. It did not matter that in that crowded primary contest, few voters said she was their first choice.
Persons: Kamala Harris’s, Elizabeth Warren, Tulsi Gabbard, Joe Biden, Pete Buttigieg, Harris, Biden, Warren, Bernie Sanders Organizations: CNN, Democratic Locations: savaged, Oakland, Calif
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