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☆ Baupost Group's Seth Klarman found the next 'hunting ground' for value investors
▼ + stars: | 2023-06-27 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Baupost Group's Seth Klarman called real estate a "hunting ground" for investors searching for opportunities. "There are hunting grounds that one would want to look," the press-shy Klarman told CNBC's "Squawk Box" in an exclusive interview Tuesday morning. "We think real estate is an area that is full of so many fundamental challenges. The S & P 500 sector is down nearly 1%, even as the broader index is 12% higher. Last year, the billionaire investor posted a mid-single-digit decline, outperforming the S & P 500's double-digit retreat, according to a Financial Times report .

Persons: Baupost, Seth Klarman, Klarman, CNBC's, Warren Buffett Organizations: Investors, Harvard, Cornell, Financial

In the four-day week ended June 20, money managers erased a combined 100,000 gross short positions across CBOT corn, wheat, soybeans, soy products, Kansas City and Minneapolis wheat, the most for any week since August 2020. Money managers also added 45,000 gross longs last week, the most in four months and driven primarily by corn, where new longs outnumbered short covering. Net buying in soybeans last week was split between new longs and short covering, though funds’ latest moves in CBOT wheat and soybean oil were exclusively the result of short covering. They also increased their net long in CBOT soybeans to a two-month high of 76,950 futures and options contracts versus 47,882 a week earlier. Both new-crop corn and soybean futures rose more than 8% in the week ended June 20 amid near-record dryness in top-producing U.S. states.

Persons: Karen Braun, Lisa Shumaker Organizations: Environmental Protection Agency, parched, Reuters, Thomson Locations: NAPERVILLE , Illinois, Chicago, Kansas City, Minneapolis, CBOT, U.S, parched U.S, United States

☆ Yellow-crested cockatoos find an unlikely urban refuge in Hong Kong
▼ + stars: | 2023-06-26 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +18 min

Hong Kong CNN —It’s dusk in Hong Kong Park. On a sweltering summer day in Hong Kong Park, nestled between skyscrapers in the urban center of the Asian metropolis, a yellow-crested cockatoo perches on a branch. Noemi Cassanelli/CNN Yellow-crested cockatoos nest in old trees, typically more than 100 years old, which form cavities in the trunk. Hong Kong, despite its urban sprawl and concrete veneer, is a stronghold for several endangered species, including Chinese pangolins, Hong Kong groupers, and the black-faced spoonbill. (According to the AFCD, it has “not received any report related to poaching of yellow-crested cockatoos in the past three years.”)Extremely picky about where they roost, the yellow-crested cockatoos use cavities that form in the trunks of trees that are typically older than 100 years.

Persons: Hong Kong CNN —, –, Astrid Andersson, it’s, ”, Andersson, Quadrupling, Noemi Cassanelli, Cassanelli, CNN Andersson, CNN There's, they’ve, “, Tom Booth, Fox, It’s, ’, Fiona Woodhouse, Woodhouse, Hong Kong’s, Jovy Chan, Chan, “ They’ve Organizations: CNN, Hong Kong CNN, Press, University of Hong, Timor Leste, International Trade, Fisheries, Conservation Department, CITES, Scottish wildcats, ADM Capital Foundation, Society for, Bird, Cultural Services Department, Facebook, Hong, SPCA HK, WWF Locations: Hong Kong, Swedish, Indonesia, Timor, Australia, University of Hong Kong, Hong, ”, Mainland China, HKD28,000, Indonesian

☆ My Instant Pot brings me joy and a sense of freedom. That's why I'll never abandon it.
▼ + stars: | 2023-06-25 | by ( Tola Onanuga | ) www.businessinsider.com time to read: +3 min

Some say the Instant Pot has passed its expiry date, but I couldn't disagree more. podcast by Curbed, one guest said people who owned an Instant Pot often talked about it as if it was their lover. Instant Brands continues to operate after filing for bankruptcy protection, but the Instant Pot is seemingly no longer the company's golden goose. I may be in the minority, but I'll passionately continue using my Instant Pot until the day it finally runs out of steam. One thing is for sure — my Instant Pot will give up on me long before I give up on it.

Persons: —, that's Organizations: Service, Brands, Associated Press, Instant Brands

☆ How mercenary revolt has gathered pace in Russia
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +5 min

- In a series of subsequent audio recordings posted on Telegram, Prigozhin says the "evil" of Russia's military leadership "must be stopped" and his Wagner mercenary force will lead a "march for justice" against the Russian military. SATURDAY- Prigozhin says his men have crossed the border from Ukraine into Russia and are ready to go "all the way" against the Russian military. - Wagner fighters have entered the southern Russian city of Rostov, Prigozhin says in an audio recording posted on Telegram. - Russian's Defence Ministry issues a statement appealing to Wagner fighters to abandon Prigozhin, saying they have been "deceived and dragged into a criminal adventure". - Russian military helicopters open fire on a convoy of rebel mercenaries already more than half way towards Moscow in a lightning advance after seizing Rostov overnight.

Persons: Wagner, Stringer, Yevgeny Prigozhin, Vladimir Putin's, Prigozhin, Sergei Surovikin, Reuters Wagner, Putin, Ramzan Kadyrov, Volodymyr Zelenskiy, Sergei Naryshkin, Tayyip Erdogan, Erdogan, Antony Blinken, Pavel Krasheninnikov, Gavin Jones, Giles Elgood, Helen Popper Our Organizations: REUTERS, Moscow, Russian's Defence Ministry, Reuters, TASS, Kremlin, European Union, Ministry, Thomson Locations: Moscow, Russia's, Voronezh, Russia, Russian, Ukraine, Rostov, Russia's Rostov, Britain, France, Germany, Italy, Turkey, Belarus

CNN —Russian President Vladimir Putin is facing the greatest threat to his authority in two decades after Yevgeny Prigozhin, the head of the Wagner paramilitary group and Putin’s former ally, launched an apparent insurrection. Prigozhin has been highly critical of Russia’s military leadership and their handling of the war in Ukraine, but he had always stopped short of criticizing Putin directly. Wagner group also claimed to have seized Russian facilities in a second city, Voronezh, some 600 kilometers (372 miles) to the north of Rostov-on-Don. Alexander Gusev, the governor of the Voronezh region, said the Russian military was engaging in “combat measures” in the area. Stunning escalationSaturday’s dramatic events come off the back of Prigozhin’s very public and months-long feud with Russia’s military leadership.

Persons: Vladimir Putin, Yevgeny Prigozhin, Wagner, Sergei Shoigu, Valery Gerasimov, Prigozhin, Putin, ” Putin, Igor Artamonov, Sergei Sobyanin, Recep Tayyip Erdoğan, “, ”, Don “, ” “, ” Prigozhin, Rostov, Don, Alexander Gusev, Shoigu, –, Gen, Vladimir Alekseev, Sergei Naryshkin, Naryshkin, Ramzan Kadyrov, Vladimir Rogov, Rogov saif, ” Wagner, Stringer, Dmytro Kuleba, Serhii Cherevatyi Organizations: CNN, Prigozhin, Moscow, Terrorism, Security, Russian, RIA Novosti, Kremlin, Russian Southern Military Headquarters, Ministry of Defense, Russian Ministry of Defense, Foreign Intelligence Service, Russian Historical Society, Telegram, Southern Military District, Reuters, Russian Foreign, European Union, US State Department, Britain’s Ministry of Defense, Russian National Guard, Ukrainian, Twitter, Ukrainian Armed Forces Locations: Moscow, Ukraine, Russian, Rostov, Voronezh, Lipetsk, Russia, St . Petersburg, Belarus, Uzbekistan, Kazakhstan, Turkey, Prigozhin’s, Prigozhin, Don, Canada, France, Germany, Italy, Japan, EU

☆ Sam Bankman-Fried shot a MasterClass video about crypto trading months before FTX collapsed, report says
▼ + stars: | 2023-06-24 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

FTX cofounder Sam Bankman-Fried shot a MasterClass video on crypto last year, per The New York Times. He recorded the video last summer, months before FTX collapsed, according to the report. FTX cofounder Sam Bankman-Fried is thought to have shot a video for MasterClass, which offers classes taught by celebrity experts, just months before his crypto exchange collapsed. The existence of Bankman-Fried's MasterClass had only been a social media rumor around the time FTX collapsed prior to The Times' report. MasterClass, Bankman-Fried and Kives did not immediately respond to requests for comment from Insider, made outside normal working hours.

Persons: Sam Bankman, FTX, MasterClass, SBF's, Fried, Michael Kives, Kives, Crypto, Changpeng Zhao, Emilie Choi, Paul Krugman, Chris Dixon, Coinbase, Gordon Ramsay, Garry Kasparov, Margaret Atwood, Fried's MasterClass, Katy Perry, Orlando Bloom, Bill Clinton, Elon Musk, Leonardo DiCaprio, Ron DeSantis Organizations: New York Times, Morning, Hollywood, Bankman, MasterClass, Times, Alameda Research Locations: MasterClass, Alameda

☆ Who are the Republican candidates running for president?
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +6 min

June 22 (Reuters) - At least 11 Republican candidates have announced that they will try to win their party's nomination to take on Democratic President Joe Biden in the November 2024 election. DONALD TRUMPTrump, 77, announced his election campaign last November as he faced criticism from within his Republican Party over his support for far-right candidates who were defeated in the midterm elections. She attracts about 4% support among Republican voters. DOUG BURGUMDoug Burgum, who is serving his second four-year term as North Dakota's governor, launched his campaign earlier this month. WILL HURDFormer U.S. Representative Will Hurd, who was among the few Republicans who criticized Trump when he was president, is one of two Black candidates in the 2024 Republican race.

Persons: Joe Biden, DONALD TRUMP Trump, Biden, Trump, RON DESANTIS, DeSantis, MIKE, Pence, Trump's, NIKKI HALEY, Haley, TIM SCOTT, Scott, VIVEK RAMASWAMY, Ramaswamy, CHRIS CHRISTIE, Chris Christie, ASA HUTCHINSON, Hutchinson, DOUG BURGUM Doug Burgum, FRANCIS SUAREZ, FRANCIS SUAREZ Miami Mayor Francis Suarez, Suarez, WILL HURD, Representative Will Hurd, Hurd, Katharine Jackson, Ross Colvin, Frances Kerry Organizations: Republican, Democratic, Republican Party, New, Twitter, Trump, Walt Disney Co, Ukraine, U.S . Capitol, Constitution, Republican White House, Christian, United Nations, Biden, TIM, Black Republican U.S, Reuters, New Jersey, ASA, White House, Microsoft, FRANCIS SUAREZ Miami Mayor, Cuban, WILL HURD Former U.S, Representative, CIA, Intelligence, Thomson Locations: New York, Florida, U.S, South Carolina, Arkansas, Southern, South Florida, East, South Asia

☆ Everyone wants to know when consumer demand is going to come back for real. Here's what FedEx execs are watching.
▼ + stars: | 2023-06-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

FedEx's massive overhaul is showing early signs of success but package volumes are still down. For the year ahead, FedEx expects moderate revenue growth of between 1% and 3% year over year. FedEx is expecting package volumes to finally bounce back after five straight quarters of declines. FedEx's guidance for the next 12 months includes moderate revenue growth, somewhere between 1% and 3% year over year. "Green shoots," or signs of potential revenue growth, are beginning to show in Europe however, she said.

Persons: We're, Raj Subramanian, Morgan Stanley, Brie Carere, Carere, hasn't, Jason Furman, Mike Lenz, Subramanian Organizations: FedEx, Tuesday, Target, Harvard Locations: Europe, North America, Trans

☆ The Titanic disaster led to a rethink of international regulations. Titan may have a similar legacy
▼ + stars: | 2023-06-23 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Such was the belief in the Titanic that safety regulations of the day were not updated to keep pace with the technology. The first version was adopted in 1914, in response to the Titanic disaster,” the International Maritime Organization (IMO) says on its website. Other SOLAS regulations linked back to the Titanic disaster include:Abandon ship drills – The Titanic captain had canceled one the day of the sinking. Lessons from TitanMaritime experts and historians have noted the Titan submersible operated outside of the regulations prompted by the Titanic disaster. The Titan submersible did not need to conform to safety regulations, since it operated in international waters.

Persons: “, SOLAS, Sal Mercogliano, ” Mercogliano, ”, Per Wimmer, ” Wimmer, CNN’s Anderson Cooper, James Cameron, Cooper, ” Cameron, “ We’re Organizations: CNN, Titanic, Convention, OceanGate Expeditions, White Star Line, United States National Archives, of Congress, Board of Trade, Washington, SOLAS Convention, International Maritime Organization, Titan Maritime, Titan, Campbell University, States, Challenger Locations: Southampton, British, ”, North Carolina, “, Britain, Danish

☆ The Big Number: 70 Billion
▼ + stars: | 2023-06-23 | by ( Marie Solis | ) www.nytimes.com time to read: 1 min

Reporting on the Business news of the weekMarie Solis Reporting on the Business news of the weekA federal judge is deciding whether Microsoft’s $70 billion acquisition of the video game giant Activision Blizzard can move forward. If it can, it would be the largest consumer tech deal in decades. If the judge delays it, a Microsoft lawyer says the company may abandon it. Here’s what to know →

Persons: Marie Solis Organizations: Business, Activision

☆ Microsoft faces off against US government over Activision deal, with top execs set to testify
▼ + stars: | 2023-06-22 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

It will also impact enormously popular gaming franchises such as “Call of Duty” and “World of Warcraft,” which Activision owns and would be transferred to Microsoft under the deal. Also testifying will be the top financial executives from both companies; senior leaders from Microsoft’s Xbox division; the CEO of Microsoft Gaming, Phil Spencer; and a vocal critic of the deal, Sony gaming CEO Jim Ryan. The clash comes as Microsoft and Activision face down a contractual July 18 deadline to consummate the deal. A crucial moment for Microsoft and the FTCThe FTC lawsuit has put Microsoft under the harshest antitrust scrutiny in the US in more than two decades. Microsoft CEO Satya Nadella, Activision CEO Bobby Kotick and Sony Gaming CEO Jim Ryan are all expected to testify.

Persons: Phil Spencer, Jim Ryan, Satya Nadella, Bobby Kotick, Drew Angerer, Kevin Dietsch, Alex Wong, “, Lina Khan, Khan, Meta Organizations: CNN, Microsoft, Activision, Xbox, Microsoft Gaming, Sony, Federal Trade Commission, FTC, Sony Gaming, New, Nintendo, Nvidia, European Union, Facebook, Meta Locations: New Zealand, European, United States

☆ Microsoft Says It Could Abandon Activision Deal if Judge Delays It
▼ + stars: | 2023-06-22 | by ( Kellen Browning | David Mccabe | ) www.nytimes.com time to read: +2 min

On Wednesday, it sued Amazon over allegations that the company tricked users into signing up for its Prime subscription service. has had setbacks: Its challenge to Meta’s purchase of a virtual reality start-up fell apart this year after a judge declined to stop the deal from closing. But that court does not have the legal authority to stop the deal. asked the federal court to step in this month, saying it feared Microsoft would try to complete the deal despite the legal challenges. would be a sign that its broader challenge has legs, and could put new pressure on Microsoft and Activision to reconsider the multibillion-dollar corporate marriage.

Persons: Wilkinson, ”, Jim Ryan, Meta, Microsoft’s, Corley’s Organizations: Microsoft, Activision, Nintendo, Nvidia, PlayStation, Sony, Amazon

☆ Reddit Hackers Threaten to Leak Stolen Data If Company Doesn’t Pay $4.5 Million, Abandon Fees
▼ + stars: | 2023-06-20 | by ( Sarah E. Needleman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/reddit-hackers-threaten-to-leak-stolen-data-if-company-doesnt-pay-4-5-million-abandon-fees-b0548605

Persons: Dow Jones

☆ Michael Boxall: New Zealand abandons soccer match against Qatar at halftime after racial abuse allegation
▼ + stars: | 2023-06-20 | by ( George Ramsay | Kevin Dotson | ) edition.cnn.com time to read: +3 min

The New Zealand team said it refused to continue because defender Michael Boxall was racially abused by a Qatar player and no action was taken. “Michael Boxall was racially abused during the first half of the game by a Qatari player,” New Zealand Football said in a statement on social media shortly after the abandonment. In a statement on its website, New Zealand football said the alleged racial slur against Boxall, who is of Samoan heritage, was heard by several players. CNN has also contacted the Qatar Football Association for additional comment. But the staff of New Zealand also, they supported the statement of the New Zealand player; we support our player.

Persons: Michael Boxall, “ Michael Boxall, “, Al Annabi’s, Boxall, Andrew Pragnell, Carlos Queiroz, ” Queiroz, … It’s, ”, Madrid’s Vinícius, Gianni Infantino, Vinícius Organizations: CNN, New Zealand, ” New Zealand Football, Qatar Football Association, New, Qatar FA, Generali, “, Qatar, Whites, ”, FIFA, Alkass Sports Locations: New Zealand, Qatar, Qatari, Zealand, Austria, Wien, ”

[1/2] Choices at the gas pump including ethanol or no ethanol gas are seen in Des Moines, Iowa, U.S., January 29, 2020. The U.S. Environmental Protection Agency plans to finalize biofuel blending volumes at 20.94 billion gallons in 2023, 21.54 billion gallons in 2024 and 22.33 billion gallons in 2025, the sources said. That compares with the initial proposal announced in December of 20.82 billion in 2023, 21.87 billion in 2024, and 22.68 billion in 2025. But the finalized volumes include just 15 billion gallons of conventional biofuels like corn-based ethanol in all three years, plus a 250 million-gallon supplemental amount for 2023, the sources said. Ethanol producers and corn farmers like the mandates because they provide a market for their products, while the oil industry finds the requirements too pricey.

Persons: Brian Snyder, Biden, Emily Skor, Stephanie Kelly, Jarrett Renshaw, Matthew Lewis Organizations: REUTERS, Reuters, The, Environmental Protection Agency, Congress, Growth Energy, EPA, U.S . Renewable, EV, Thomson Locations: Des Moines , Iowa, U.S, The U.S, New York, Philadelphia

☆ After a breakthrough year, distance runner Dominic Lobalu is in a race for national identity
▼ + stars: | 2023-06-20 | by ( George Ramsay | ) edition.cnn.com time to read: +9 min

CNN —One of the world’s top distance runners, Dominic Lobalu dreams of climbing the podium at the Olympic Games. It means Lobalu is essentially stateless on the global athletics scene, running with no flag and no national colors. In a statement to CNN Sport, Swiss Athletics confirmed that it had applied to the World Athletics Nationality Review Panel for Lobalu to change his allegiance. Founded in 2014, the ART is supported by international governing body World Athletics and composed entirely of athletes who have fled violence, conflict, and injustice. “He cannot change the decision from World Athletics, he can’t make it faster.

Persons: Dominic Lobalu, Lobalu, Valerio Origo, Gallen, Markus Hagmann, ”, “, Geneva –, hasn’t, I’m, ’ ”, coy, Mr, Adam Davy, he’s, Jackie Brock, Doyle, Dominic, Hagmann, ” Hagmann, Jacob Kiplimo, … He’s Organizations: CNN, Olympic, CNN Sport, Swiss Athletics, Athlete, ART, Athletics, Diamond League, World Athletics, Zurich Diamond League, Lobalu, Stockholm Diamond League Locations: Sudan, Kenya, Europe, Paris, Budapest, Switzerland, St, Copenhagen, Nairobi, Lobalu, Swiss, Geneva, South Sudan, London, Chukudum, Vienna, Austria, Lausanne, Gallen, Stockholm

☆ Here's what an overbought market and endless negativity tell me to do this week
▼ + stars: | 2023-06-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

There are too many articles and postings about how we are overdoing artificial intelligence, and how there's not enough substance to justify recent market moves. Still, I am worried about this week because for the first time in a bit I think we need to do some serious digesting. Given the market is officially overbought, I think I will wait until we have a couple of days down before it's worth pulling the trigger. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: That's worrisome, Joe Biden's, Campbell, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: Nasdaq, Nvidia, Microsoft, Google, Oracle, Broadcom, Marvell, Research, Federal Deposit Insurance Corporation, Walmart, Costco, Adobe, Strategic Petroleum Reserve, Federal Reserve, CNBC

☆ With scores missing from shipwreck, family members flock to Greek migrant camp
▼ + stars: | 2023-06-19 | by ( Karolina Tagaris | ) www.reuters.com time to read: +3 min

Relatives have been turning up outside the Malakasa migrant facility since survivors were brought here on Friday, showing photos of the missing through the camp gates, in the hopes someone might recognize them. The vessel is thought to have set off with passengers from the Libyan coastal city of Tobruk on June 10. At Malakasa, Mohammad sprinted into his brother's open arms as they both sobbed, holding each other for several moments. "My uncle was with me on the same boat, the boat that capsized. In Pakistan, 14 people were arrested in connection with the alleged trafficking of several of the victims, police there said.

Persons: Atia Al Said, Mohamed El Sayed, Radwan, Stelios, Read, Mohammad Hadhoud, Fadi, Mohammad, Karolina Tagaris, Frank Jack Daniel Our Organizations: REUTERS, Amnesty International, Reuters, Thomson Locations: Greece, Malakasa, Athens, Germany, Tobruk, Egypt, Syria, Pakistan, Kalamata

☆ Global stocks are soaring. Analysts love these names — giving one over 80% upside
▼ + stars: | 2023-06-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Analysts are still optimistic about some parts of the U.S. market, but some expect international markets to do better this year. The resulting stocks have buy ratings from over 65% of analysts covering them, and average price target upside of at least 30%. Two stocks stood out for their 100% buy rating from analysts and significant potential upside: Coal mining company Yancoal Australia and Hong Kong-listed ESR Group , a real estate services company. German meal kit company Hello Fresh got the highest potential upside from analysts at 82%. U.S. stocks include e-commerce giant MercadoLibre , health insurance firm Humana and pharmaceutical firm Jazz Pharmaceuticals .

Persons: Germany's Dax, Morgan Stanley, J.P, Tai Hui, Tai, Raymond Bridges, Fresh Organizations: Nikkei, Morgan Asset, Bridges Capital, CNBC Pro, CNBC, Vanguard FTSE, Index, Kansai Electric Power, JCR Pharmaceuticals, Humana, Jazz Pharmaceuticals Locations: Europe, U.S, Japan, Asia, Australia, Hong Kong

CNN —When four young indigenous children were found last week after 40 days in the Colombian Amazon jungle, their rescuers noticed that the oldest, 13-year-old Lesly Jacobombaire Mucutuy, had something hidden between her teeth. Muñoz told CNN the seeds were from a native Amazon palm tree called Oenocarpus Bataua, colloquially known as “milpesos” in Colombia. The accomplishment feels like a moment of pride for the indigenous community of the Colombian Amazon. One of the traditional tasks of indigenous women is to look after one’s siblings as if they were your own children. Traditional elders like Guerrero attempted to bridge a spiritual link with the children using traditional plants like tobacco, coca, and yagé, the sacred, hallucinogen plant also known as ayahuasca.

Persons: ”, Eliecer Muñoz, Muñoz, Eliecer Munoz, Daniel Munoz, ” Muñoz, “, –, Henry Guerrero, Lesly, Fidencio Valencia, milpesos, ” Guerrero, Ranoque Mucutuy, Nelly Kuiru, Kuiru, Manuel Ranoque, San Jose del Guaviare, Guerrero, Magdalena Mucutuy, Leslie, There’s, ” Kuiru, Ranoque, Magdalena Organizations: CNN, AFP, Getty, Army, Cessna, Colombian Military Forces, Reuters, Colombian Amazon, Colombian, Blackhawk, Colombian Amazon Institute of Scientific Research Locations: Colombian, ”, Colombia, Bogota, Caqueta, La, San Jose, Araracuara, Amazonas

☆ Reddit sent messages to its protesting mods threatening to boot them if they don't get in line and end their virtual protest, The Verge reports
▼ + stars: | 2023-06-17 | by ( Grace Eliza Goodwin | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

The Verge reported that Reddit admins reached out to protesting mods to urge them to work or be removed. Critics argue the move is punishing users for protesting changes to the platform. Reddit administrators sent messages to protesting moderators threatening to kick them out of their roles if they don't get in line and end their virtual blackout, The Verge reported. Rathschmidt told Insider that mods currently being removed from their posts were being removed for violating the code of conduct, not for protesting. As if the mod code of conduct is some kind of moral or legally binding document.

Persons: Reddit, Tim Rathschmidt, That's, Redditors, Rathschmidt, Reddit's, Casey Newton, Newton

☆ Analysis: Global tax deal at risk as first pillar teeters
▼ + stars: | 2023-06-16 | by ( Leigh Thomas | ) www.reuters.com time to read: +5 min

Reuters GraphicsDIGITAL SERVICE TAXWhile the global minimum tax was always expected to bring in far more revenue, the collapse of plans to redistribute taxing rights would not come without consequences. The Biden administration backed the deal in 2021 in part because it requires other countries to abandon existing or planned digital services taxes targeting big U.S. tech groups. France, which the Trump administration hit with tariff action over its digital services tax before the Biden administration suspended it, has said that it will keep the tax in place as long as Pillar I of the deal is not resolved. Against that background, U.S. companies are eager to see progress on a multilateral solution that would get rid of unilateral digital services taxes. U.S. Treasury Secretary Janet Yellen told CNBC last week that the bill had little chance of passing and that the United States would get on board with the global minimum.

Persons: Peter Barnes, Biden, Trump, Megan Funkhouser, Janet Yellen, Barnes, Leigh Thomas, Christian Kraemer, David Lawder, Catherine Evans Organizations: PARIS, Google, Fiscal Association, Republican, U.S . Congress, Economic Cooperation, Development, Reuters, OECD, Information Technology Industry Council, Republicans, Treasury, CNBC, Trump, Thomson Locations: United States, Paris, France, Washington, U.S, United, Berlin

☆ Disney's parks division is driving big profits, a bright spot as the streaming biz struggles and ESPN's future is unclear. Here's how that could factor into Bob Iger's CEO succession plans.
▼ + stars: | 2023-06-16 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

Disney CEO Bob Iger has reorganized the company into 3 core units: entertainment, ESPN, and parks. Parks' growing prominence comes as the company faces looming decisions over Iger's CEO. Travel bans "dramatically impacted" results for Disney Parks during the intense early years of the coronavirus pandemic, Heger noted, adding that parks are now generating more revenue and operating profit than they did in pre-COVID times. The parks' success is "helping to offset" losses from Disney's "DTC," or direct-to-consumer streaming business, Heger added. Josh D'Amaro, the current chairman for Disney Parks, Experiences, and Products, would be a likely figure appearing on any shortlist of CEO contenders.

Persons: Bob Iger, Parks, It's, Dave Heger, Edward Jones, Heger, AECOM, Iger, Josh D'Amaro, Christine McCarthy —, Iger's, Bob Chapek, Ron DeSantis, Chapek, Hollywood creatives, Tom Staggs, Iger —, —, Chapek's, it's, you've, Jeffery Merola, he'd, DeSantis, Reed Alexander Organizations: Disney, ESPN, Disney Parks, Walt Disney, Disneyland, Products, Florida Gov, Hollywood, Los Angeles Times, Sunshine State Locations: Tokyo, Shanghai, Orlando , Florida, Anaheim , California, execs, Chapek, Syracuse , New York, Orlando

☆ FACTBOX BOJ's next steps and triggers for policy shift
▼ + stars: | 2023-06-15 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

While Ueda has stressed the BOJ will be in no rush to dial back stimulus, the central bank is dropping clues on possible triggers of a policy shift. ABANDON OR TWEAK YIELD TARGETIn ending YCC, the first step will be to abandon or modify the 10-year yield target. One idea would be to widen the band around the yield target, now set at 50 basis points on either side. TWEAKING FORWARD GUIDANCEBefore tweaking the yield cap, the BOJ could drop more hints of a policy shift such as by modifying forward guidance. Big upward revisions to its inflation forecasts at a July quarterly review would signal the BOJ's conviction that conditions for a policy shift are falling into place.

Persons: Kazuo Ueda's, Ueda, YCC, Leika Kihara, Sam Holmes Organizations: Bank of Japan, Thomson Locations: TOKYO, Japan

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