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NEW YORK (AP) — Gaming giant Bally's paid $60 million to buy the right to operate a public golf course in New York City from Donald Trump's company, the former president's namesake son testified Thursday. Trump Jr. said the sales price was $60 million, but the Trump Organization had incurred “a lot of costs” over the years, so he wasn't sure of the net profit. The Trump Organization managed the 18-hole course, which is visible from the Whitestone Bridge and boasts views of the Manhattan skyline, from 2015 until this year. The ruling would have allowed the Trump Organization to operate the course through the expiration of its lease in 2035. “The Trump Organization is Financially Strong, Powerful, Very Liquid, AND HAS DONE NOTHING WRONG,” Trump wrote.

Persons: Donald Trump's, Trump, Donald Trump Jr, Trump Jr, It's, wasn’t, Bill de Blasio, Letitia James, Donald Jr, Eric, ”, James, Arthur Engoron, ” Trump Organizations: —, Trump Organization, U.S . Capitol, Trump, New York, Republican, Social, “ Locations: New York City, Whitestone, Manhattan

☆ The WNBA Finals brought a surge of engagement for advertisers, new data shows
▼ + stars: | 2023-10-25 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +4 min

This year's WNBA Finals brought in more spectators than ever before and the most viewers watching from home in 20 years. Compared to last year's WNBA Finals, fans were 30% more likely to engage online with a brand they saw advertised than they were in 2022, EDO data show. Michelob Ultra ran the most effective ad series during the Finals, tracking 211% above the average Finals engagement rate over its six ads, per EDO. Both the WNBA Finals and playoffs metrics sit well above the average primetime broadcast and cable effectiveness for advertisers, EDO shows. Bosley Hair Restoration and Old Spice were 341% and 134% more effective than 2023 WNBA average, respectively, EDO data show.

Persons: EDO's, Laura Grover, Ultra, Jimmy Butler, Nneka Ogwumike, Oofos, Michelle Cardinal's, Dawn Staley, Darren Brown, Cardinal, Ally, Stephanie Marciano, thad, Bosley Organizations: Las Vegas Aces, EDO, NBA, WNBA, Growth Agency, Brands, Gatorade Locations: York

The trip by Army General Michael "Erik" Kurilla, head of U.S. Central Command, is the latest by a senior U.S. official to Israel ahead of an expected ground assault by Israel's military in Gaza. The Pentagon is also rushing weaponry, including air defenses and munitions, to Israel. "I'm here to ensure Israel has what it needs to defend itself, particularly focused on avoiding other parties expanding the conflict," Kurilla told Reuters, which is traveling with him, in brief remarks before landing. A U.S. official told Reuters Kurilla was scheduled to hold high-level meetings with Israel's military leadership, ensuring a clear understanding of the close U.S. ally's defense requirements. Clashes this last week have been the deadliest in the Lebanon border area since a 2006 war between Israel and Hezbollah.

Persons: Michael, Erik, Kurilla, Jehad, Joe Biden, Reuters Kurilla, Biden, Israel, Antony Blinken, Phil Stewart, Stephen Coates Organizations: U.S . Central Command, Jordan, REUTERS, American, Palestinian, Hamas, Army, U.S, Pentagon, Reuters, United, Hezbollah, Thomson Locations: U.S, Jordan, Amman's, TEL AVIV, Israel, Gaza, Iran, Washington, United States, Lebanon, Lebanese

☆ Exclusive-Senior US General Flies Into Israel as Its War With Hamas Deepens
▼ + stars: | 2023-10-16 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

The trip by Army General Michael "Erik" Kurilla, head of U.S. Central Command, is the latest by a senior U.S. official to Israel ahead of an expected ground assault by Israel's military in Gaza. "I'm here to ensure Israel has what it needs to defend itself, particularly focused on avoiding other parties expanding the conflict," Kurilla told Reuters, which is traveling with him, in brief remarks before landing. A U.S. official told Reuters Kurilla was scheduled to hold high-level meetings with Israel's military leadership, ensuring a clear understanding of the close U.S. ally's defense requirements. U.S. Secretary of State Antony Blinken held hours of talks with Israel's war cabinet in Israel on Monday, and was once forced to shelter in a bunker for five minutes when air raid sirens went off. Clashes this last week have been the deadliest in the Lebanon border area since a 2006 war between Israel and Hezbollah.

Persons: Phil Stewart TEL, Michael, Erik, Kurilla, Joe Biden, Reuters Kurilla, Biden, Israel, Antony Blinken, Phil Stewart, Stephen Coates Organizations: Reuters, American, Palestinian, Hamas, Army, U.S . Central Command, U.S, Pentagon, United, Hezbollah Locations: Phil Stewart TEL AVIV, Israel, U.S, Gaza, Iran, Washington, United States, Lebanon, Lebanese

When internet and sports betting money is included, the casinos, horse tracks that take sports bets and their online partners won over $521 million from gamblers in September. Tropicana won $21.4 million, down 8.2%; Caesars won just under $21.4 million, down 4.5%; Resorts won $14.9 million, down 10.7%; Bally's won $13.1 million, down 17.3%, and the Golden Nugget won $12.6 million, down 6.1%. Tropicana won $33.7 million, down 2.6%; Harrah's won $22.5 million, down 2.6%; Caesars won $21.3 million, down 10.7%; Bally's won $20.2 million, down 1.3%; and Resorts won nearly $15 million, down 11.6%. Of that money, about $111 million was kept as revenue after winning bets and other expenses were paid out. Among internet-only entities, Resorts Digital won $45.4 million in September, up nearly 33%, and Caesars Interactive Entertainment NJ won $5.6 million, down over 38%.

Persons: ”, Jane Bokunewicz, Lloyd Levenson, James Plousis, Harrah's, Bally's, Borgata, Wayne Parry Organizations: CITY, — Sports, Atlantic City, of Gaming, Resorts, New Jersey's Stockton University, New Jersey Casino Control, Casino, Ocean, Tropicana, Caesars, Golden, Casinos, Resorts Digital, Caesars Interactive Entertainment, Twitter Locations: N.J, New Jersey, Ocean, New, Atlantic City, www.twitter.com

☆ A US F-16 fighter jet shot down a Turkish drone, taking out another NATO ally's aircraft over Syria
▼ + stars: | 2023-10-05 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +4 min

A US F-16 fighter jet shot down a Turkish drone in Syria on Thursday. The rare clash between two NATO members occurred after the drone was considered a threat to US forces in the area. AdvertisementAdvertisementA US military F-16 fighter jet downed a Turkish drone operating above Syria on Thursday, marking a rare clash between Washington and a NATO ally. The Syrian Observatory for Human Rights, a UK-based office that documents human rights abuses in Syria, said earlier Thursday that an "International Coalition" targeted the Turkish drone. Hours later at 11:30 am local time, a Turkish drone reentered that restricted operating zone.

Persons: —, Pat Ryder, Ryder, Defense Lloyd J, Austin III, Guler Organizations: NATO, Pentagon's, Service, American, Street Journal, Syrian Observatory, Human Rights, Coalition, Reuters, Turkish, Central Command, Pentagon Press, Air Force, Defense, Turkey, of National Defense, Islamic, ISIS, US Central Command, Pentagon Locations: Syria, Turkish, Washington, NATO, Turkey, Hasakah, Iraq, Ankara, Islamic State

Last year, I made what I thought was a pretty solid money move: I opened a high-yield savings account and moved my money from a savings account earning me very little interest. Ally's high-yield savings account had a 2.0% interest rate at the time. My savings account back then was offering only 0.05% interest, and the simple maneuver yielded 40 times the savings. I'm still using my high-yield savings accountI keep a cushion of funds in my Ally high-yield savings account for big-ticket purchases, vacations, and emergencies. But for now, I'm happy with keeping my savings in a combination of high-yield CDs and savings accounts.

Persons: Ally, I've, I'm, Jackie Lam Jackie Lam, Jackie Organizations: AFC, Money Management, Finance Media Locations: Los Angeles

RENO, Nev. (AP) — The University of Nevada’s basketball team could have a new off-campus home by 2026 under an ambitious 10-year expansion plan that Reno’s largest hotel-casino announced Wednesday. The nearly $1 billion private capital investment will be the biggest in the city's history, according to officials of the Grand Sierra Resort. Before that, the team played at the Reno-Sparks convention center south of downtown. It's been the Grand Sierra Resort since 2006. Last year, Las Vegas hosted Sweet 16 games for the NCAA basketball tournament at T-Mobile Arena on the Vegas Strip.

Persons: Alex Mereulo, Brian Sandoval, Sandoval, It's, Hillary Schieve Organizations: University, Nevada’s, Grand Sierra, Las, University of Nevada, Nevada men’s, “, Sierra Resort, Mountain West Conference, Reno, MGM, Reno Hilton, Las Vegas, Sweet, NCAA, Mobile, Vegas Locations: RENO, Nev, Las Vegas, Reno, Mereulo, Northern Nevada, Nevada, U.S, North America

It got me thinking about the money I have stashed away in my current high-yield savings account. Here's why I'm sticking to my current savings account. With Ally, I can enjoy the fact that there are no monthly account fees, nor a minimum balance requirement. That's more money than I would ever feel comfortable keeping in a short-term savings account, let alone locked for a long stretch. Sure, rates are a big part of deciding which high-yield savings account to go with.

Persons: I've, Ally, There's, you'll Locations: Michigan

☆ From taking orders to cutting avocados, AI is solving the labor shortage problem for fast-food chains
▼ + stars: | 2023-09-14 | by ( Nancy Luna | ) www.businessinsider.com time to read: +8 min

Checkers & Rally'sLast year, Checkers & Rally's became one of the first big chains to implement widespread use of AI-powered voice assistants. Out of the 803 Checkers and Rally's restaurants, voice AI was live in 390 as of August. AdvertisementAdvertisementSoundHound, best known as a music-recognition app, has spent years perfecting its conversational voice AI bots. Sister burger chains Carl's Jr. and Hardee's also announced plans to test Presto's AI voice bots this year. Hardee's and Carl's Jr. are also testing voice AI bots by OpenCity.

Persons: DoorDash, Deloitte, Keyvan Mohajer, it's, Mohajer, Schier, Rally's, Domino's, ConverseNow, SoundHound, SoundHound's Mohajer, Beef, Chippy, Rebecca Harrington, McDonald's, Carl's Jr, Del, Carl's, Hardee's, Presto, Taco, Chris Turner, Turner, Taco Bell Organizations: Service, Chipotle, Industry, National Restaurant Association, Deloitte, Wingstop Tech, Anthony's, Slim, Dialog, Taco Bell, Taco, Yum Brands Locations: White, Wall, Silicon, McDonald's, Texas, California , Texas, Florida, Chicago, Thai, Newport Beach , California, Del Taco, Mexican, Southern California, Taco Bell's

☆ Christie says Americans should question Trump's 'psychological capacity' to be president
▼ + stars: | 2023-09-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Chris Christie questioned former President Donald Trump's mental capacity. "[W]hat he was saying yesterday is just so odd and disturbing," Christie told Hugh Hewitt. I call him sloppy Chris," Trump told Hewitt on Wednesday. I think he's not a very smart person," the former president said. For the moment, Trump continues to hold a commanding lead over the rest of the GOP presidential field.

Persons: Chris Christie, Donald Trump's, Christie, Hugh Hewitt, Trump, Donald Trump, Chris, Hewitt, Jack Smith, Ron DeSantis Organizations: Service, New Jersey Gov, Republican, GOP, Florida Gov Locations: Wall, Silicon, New Jersey, New Hampshire

FILE PHOTO-Italy's Minister of Economy and Finance Giancarlo Giorgetti delivers a speech at the G7 High-Level Corporate Governance Roundtable in Niigata on May 11, 2023. "It may be that the tax is inappropriate, it can certainly be improved upon ... but I do not accept that it is considered an unfair tax," Giorgetti said at The European House - Ambrosetti economic forum. Bank shares tumbled before the economy ministry clarified that the new tax would amount to no more than 0.1% of their total assets. Forza Italia is also seeking an exemption for small banks and wants a guarantee the levy will not be extended beyond 2023. Giorgetti did not comment on his government ally's proposals on the bank tax.

Persons: Finance Giancarlo Giorgetti, KAZUHIRO, Giancarlo Giorgetti, Giorgetti, Antonio Tajani, Siena, Giselda Vagnoni, Giancarlo Navach, Hugh Lawson, David Evans Organizations: Economy, Finance, Bank, League, Forza Italia, Monte, Thomson Locations: Niigata, Italy, Cernobbio

I have three high-yield savings accounts that I use for my emergency fund and long-term goals. With many boasting interest rates over 5% — far greater than the average savings account interest rate — there's no question why they're on so many people's minds. This reignited interest has garnered discussion about where to find the best high-yield savings accounts rates. My first high-yield savings account was with AllyWhen I started my savings journey, I opened my Ally high-yield savings account after reading articles that compared different banks and seeing that name come up often. Using high-yield savings accounts with high interest rates helped, allowing me to get a small bonus deposit each month.

Persons: I've, Ally, it's, — Organizations: Service, Capital, Ally Locations: Wall, Silicon, Maldives

☆ Goldman Sachs was very supportive of me coming out as trans, says former managing director
▼ + stars: | 2023-08-14 | 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 EmailGoldman Sachs was very supportive of me coming out as trans, says former managing directorMaeve DuVally, author and former Goldman Sachs managing director, joins 'Squawk on the Street' to discuss DuVally's experience coming out as transgender at Goldman Sachs, the silence DuVally experienced from investment bankers, and more.

Persons: Goldman Sachs, Maeve DuVally

☆ I was at Goldman Sachs when I came out as a trans woman. I wondered if my colleagues thought I was a freak the first time they saw me with makeup on.
▼ + stars: | 2023-08-13 | by ( Maeve Duvally | ) www.businessinsider.com time to read: +6 min

Maeve Duvally is a former Goldman Sachs executive who came out as transgender in 2019. For most of my career at Goldman Sachs, I commuted from Pound Ridge into the City, got off the train and jogged to work. Rushing toward the exit, I nearly bumped into a Goldman Sachs hospitality person who I didn't really recognize though I probably passed him several times a week. I crept out of the auditorium and willed myself to the last obstacle, the turnstiles, after which I was free of Goldman Sachs and worry. Maeve DuVally is a former Goldman Sachs executive and author of "Maeve Rising: Coming Out Trans in Corporate America."

Persons: Maeve Duvally, Goldman Sachs, Maeve, Hugo Boss, Clark Kent, Maeve DuVally Organizations: Goldman, Corporate, City, AA, Wonder, Bloomberg Locations: Atacama, Asia

☆ The sizzling stock rally is under threat, and company profits could shrink as consumers feel the squeeze, JPMorgan strategist says
▼ + stars: | 2023-08-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

2023's blistering stock rally is under threat, according to a top JPMorgan Asset Management strategist. The impact of banking chaos could soon start to weigh on stocks, David Lebovitz said. Ahead of Thursday's inflation report, Lebovitz also commented on company margins and whether sticky costs will weigh on firms' pricing power. "When we look at the consumer, the consumer looks fine today, but the consumer is beginning to bend. That's going to undermine the pricing power that's allowed a lot of these companies to keep their heads above water," he added.

Persons: David Lebovitz, Lebovitz, that's, David Rosenberg Organizations: JPMorgan Asset Management, Service, Bloomberg, Nasdaq Locations: Wall, Silicon

☆ Japan says cannot confirm leakage after report says China hacked defence networks
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Kacper Pempel/File PhotoTOKYO, Aug 8 (Reuters) - Japan cannot confirm if any security information has been leaked, the top government spokesperson said on Tuesday when asked about a Washington Post report on Chinese hacking into its defence cyber networks. Chinese military hackers gained access to a classified defence network in Japan beginning in 2020, accessing information about the U.S. ally's military capabilities, plans and assessments of shortcomings, the Washington Post reported on Monday, citing senior officials. Speaking at a regular press briefing on Tuesday, Japan's Chief Cabinet Secretary Hirokazu Matsuno said Japan and U.S. have always been in close communication on various levels. Matsuno also said that cyber security is the foundation for maintaining the Japan-U.S. alliance, and that Japan will continue to work to keep its network firm and secure. Meanwhile, Japan's slow response to improve its cyber network could impede greater intelligence sharing between the Pentagon and Japan's Defence Ministry, the Washington Post said, citing officials.

Persons: Kacper, Hirokazu Matsuno, haven't, Matsuno, Mariko Katsumura, Raju Gopalakrishnan Organizations: REUTERS, Washington Post, U.S . National Security Agency, Pentagon, Japan's Defence Ministry, Thomson Locations: Japan, Tokyo, U.S, Beijing

☆ CNBC Daily Open: Alphabet rises as Microsoft sinks
▼ + stars: | 2023-07-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Passing grade for AlphabetAlphabet shares rose more than 6% in extended trading after the company reported better-than-expected revenue and profit. Second-quarter revenue rose 7% year over year to $74.6 billion, boosted by a 28% jump in revenue in Google's cloud unit. Revenue rose 8% from a year earlier to hit $56.19 billion, though revenue growth in Azure, Microsoft's cloud computing platform, slowed.

Persons: —, Qin Gang, Wang Yi, Qin, Bob Pisani Organizations: CNBC, Microsoft Investors, Revenue, Dow Jones Industrial, Qin Locations: China, Beijing, Vietnam, Sri Lanka, Russia

☆ How Ally Financial made women's sports a key focus in its marketing strategy and how it's measuring the results
▼ + stars: | 2023-07-24 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +4 min

Ally Financial made a pledge last year to invest equally in men's and women's sports media. The company is dropping a commercial featuring female athletes during the FIFA Women's World Cup. A year ago, an internal audit by Ally Financial revealed the company had spent 90% of its sports-media marketing budget on men's sports. The brand also signed 10 female athletes to create Team Ally, a group that posts about one another's games and increases visibility for women's sports. Notre Dame lacrosse player Kasey Choma, who's also part of Team Ally, is featured scoring a goal.

Persons: Ally Financial, Billie Jean King, Sophia Smith, Stephanie Marciano, it's, Ally, Marciano, Kasey Choma, who's, Choma, she's Organizations: FIFA, US Women's National Team, Ally, Labs, CBS, ESPN, INC, Fox, Notre Dame, Yale, III Locations: men's, Australia, New Zealand, US, Germany

☆ Stock Market Today: Dow Opens Higher; Netflix, Tesla Stocks in Focus
▼ + stars: | 2023-07-20 | by ( ) www.wsj.com time to read: +1 min

A selloff in Netflix and Tesla shares weighed on the S&P 500 and the Nasdaq Composite, denting investor optimism about the second-quarter earnings season after largely reassuring bank results. Netflix slid after the company reported revenue that fell short of its own projections , despite adding 5.9 million subscribers. Tesla fell after Chief Executive Officer Elon Musk cautioned that the company might need to cut prices further . The S&P 500 and Nasdaq Composite were down. Chip stocks fell, pulled down by a disappointing update from Taiwan Semiconductor Manufacturing Co., the world’s biggest contract chip maker.

Persons: Tesla, Elon Musk, Stocks, Dow industrials Organizations: Netflix, Tesla, Nasdaq, Truist, Zions Bancorp, Taiwan Semiconductor Manufacturing Co

☆ Ally Financial made a huge commitment to invest in women's sports. Here's how it's going.
▼ + stars: | 2023-07-20 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +4 min

Ally Financial made a pledge last year to invest equally in men's and women's sports. The company is dropping a commercial featuring female athletes during the FIFA Women's World Cup. The brand also signed 10 female athletes to create Team Ally, a group that posts about one another's games and increases visibility for women's sports. Its latest effort, the Women's World Cup commercial, will premiere on Fox and run throughout the year. Notre Dame lacrosse player Kasey Choma, who's also part of Team Ally, is featured scoring a goal.

"For hedge funds, shorts have been a challenge since early June especially," JPMorgan said, adding the unwinding of short positions got "extreme" in recent days. The outcome for hedge funds has not been good. Overall, hedge funds went up 3.45% in the first half of the year, lagging the main stock indexes. Net buying, which excludes stocks sold, reached its largest level since October last year, according to Goldman Sachs. Still, hedge funds also shorted more single stocks, mainly in sectors like staples, communication services and info tech, according to Goldman Sachs.

Persons: JPMorgan Chase, Goldman Sachs, Carolina Mandl, Nell Mackenzie, Nick Zieminski Organizations: Global, JPMorgan, Nasdaq, Thomson Locations: U.S, New York, London

About Ally Invest Robo PortfoliosAlly Invest Robo Portfolios is an Ally Financial-affiliated automated account offering investing without fees for US residents. Ally Invest Robo Portfolios FeesAlly Invest Robo Portfolios doesn't charge trading fees, advisory fees, annual fees, or rebalancing. Methodology: How We Reviewed Ally Invest Robo PortfoliosAlly Invest Robo Portfolios is a robo-advisor that was reviewed using Personal Finance Insider's rating methodology for investing platforms. How Ally Invest Robo Portfolio ComparesAlly Invest Robo Portfolios vs. Fidelity GoIf you're a hands-off investor in search of automated portfolio management, Ally Invest Robo Portfolios and Fidelity Go are both popular robo-advisors. Ally Invest Robo Portfolios vs. Schwab Intelligent PortfoliosAlly Invest Robo Portfolios and Charles Schwab's most basic automated account, Charles Schwab Intelligent Portfolios, both offer competitive automated investing services.

Persons: Ally, Ally Invest's, Ally Invest, it's, It's, you'll, Roth, Charles Schwab, Schwab, Charles Schwab's, brokerages, Rickie Houston, Rickie, He's, Read, Elias Shaya, Elias, Tessa Campbell Organizations: Reading Chevron, Financial, Ally Invest, Better, Bureau, BBB, Financial Inc, Invest, IRS, Roth IRA, Investment, Vanguard, Fidelity, Finance, Schwab, Business, Boston Globe, Yahoo News, Boston University, Boston University News Service, CUNY College of, New York Presbyterian Hospital Locations: New York City, CUNY College of Staten Island, Lebanon

☆ McDonald's and Wendy's are giving out free fries for National French Fry Day: How to claim yours
▼ + stars: | 2023-07-12 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

The burger chain is giving customers a complimentary order of fries on Thursday, July 13 in honor of National French Fry Day. To get the world famous spuds, customers will need to make a free account on the McDonald's smartphone app. You can download the McDonald's app here. But McDonald's isn't the only fast food joint offering free fries this week. Fatburger, meanwhile, is offering free fries with any in-store purchase or online order made using the code "FrenchFryDay22" from July 13 to July 19.

Persons: McDonald's, Fry, Fatburger, Warren Buffett Organizations: National

[1/5] German Patriot air defence system units are seen at the Vilnius airport in Vilnius, Lithuania July 7, 2023. Many are also providing advanced air defence systems which the Baltic states lack. But for the region with total population of about 6 million people, this is not enough to sustain large militaries, invest in their own fighter jets or advanced air defence. NATO is NATO, and we feel ourselves safe because we are in NATO. He added that he feared waves of migrants at the border, or border violations, or military vehicles appearing at the border without explanation.

Persons: Janis Laizans, Joe Biden, Biden, Gitanas Nauseda, Caesar, Wagner, Edvard Rynkun, Elena Tarasevic, Col Steffen Lieb, Rustamas Liubajevas, Sabine Siebold, John Irish, William Maclean Organizations: Patriot, REUTERS, NATO, Belarus Allies, Baltic, European Union, Reuters, Wagner, Thomson Locations: Vilnius, Lithuania, Belarus, KANIUKAI, Russia, Baltic, Estonia, Latvia, Germany, Spain, France, Finland, Denmark, United Kingdom, Poland, Kaniukai, Ukraine, Kaliningrad, Russian, Minsk

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