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☆ The Big Number: $1.62 Billion
▼ + stars: | 2023-08-11 | 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 weekAfter a mega-merger with Penguin Random House collapsed, the publishing giant Simon & Schuster is set to be sold to the private equity firm KKR for $1.62 billion. Here’s what to know →

Persons: Marie Solis, Simon, Schuster Organizations: Business, Penguin Random, KKR, & $

☆ The Big Number: $15 Million
▼ + stars: | 2023-08-04 | by ( Marie Solis | ) www.nytimes.com time to read: 1 min

Meryl Streep and George Clooney are leading the charge, according to the SAG-AFTRA Foundation, a charity associated with the actors’ union that provides financial assistance to workaday performers. They each donated $1 million, and then began lobbying their fellow A-listers. Large donations have poured in from celebrities like Matt Damon, Leonardo DiCaprio, Nicole Kidman, Julia Roberts and Oprah Winfrey.

Persons: Meryl Streep, George Clooney, Matt Damon, Leonardo DiCaprio, Nicole Kidman, Julia Roberts, Oprah Winfrey Organizations: SAG, AFTRA Foundation

☆ The Peso Is Strong and a Problem for Mexicans Working Abroad
▼ + stars: | 2023-07-31 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Mr. Solis, who earns about $3,500 a month delivering for apps like DoorDash, used to send about $1,500 monthly. Since the spring, he has had to send more than $2,000 to cover the same expenses, something he does by working longer days. That means each dollar Mr. Solis sends covers less of the budget back home. In 2022, those working abroad, primarily in the United States, sent more than $61 billion to Mexico. The largest portion of that money goes to food and clothes, followed by health care, according to the Wilson Center, a Washington research organization.

Persons: Antonio Solis, Solis Organizations: Wilson Locations: New York City, Monterrey, Mexico, India, United States, Washington

☆ RV sales are slumping. Winnebago is betting its new-and-improved $150,000 camper van can change this.
▼ + stars: | 2023-07-29 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

RV sales have slumped after hitting a record high during the COVID-19 pandemic. Winnebago is betting a refresh of its popular Solis Pocket camper van will bring in new buyers. Amid a slump in RV sales, Winnebago is betting a refresh of its popular Solis Pocket camper van will bring the legacy RV company a needed boost. And this boon was immediately felt across the industry as travelers began scrambling to buy tiny homes on wheels. Sales were so frenzied, Winnebago amassed an astounding $4.37 billion backlog in orders in 2022.

Persons: Solis, Winnebago Organizations: Morning, Winnebago

☆ The Big Number: 30,000
▼ + stars: | 2023-07-28 | 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 weekOut on the road with nowhere to plug in — that fear is why some would-be electric vehicle buyers are staying on the sidelines. And that’s why a group of automakers is planning to build 30,000 fast charging points in North America. Here’s how it would work →

Persons: Marie Solis Organizations: Business Locations: North America

☆ The Big Number: $150 Million
▼ + stars: | 2023-07-21 | by ( Marie Solis | ) www.nytimes.com time to read: 1 min

Ordinarily, two films opening on the same day would be competitors. But “Barbie” and “Oppenheimer,” widely released on Friday, are geared toward different audiences. And the stark contrast between the movies — one portraying the Mattel doll’s pink-bathed universe and the other the architect of the atomic bomb — has borne a surfeit of jokes online and a conjoined hype cycle that promises eye-popping ticket sales for both.

Persons: Barbie ”, “ Oppenheimer, ” Organizations: Mattel

☆ The Big Number: 160,000
▼ + stars: | 2023-07-14 | 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 weekSound stages are quiet, studio lots empty. The machinery in Hollywood is grinding to a halt, as SAG-AFTRA, the union representing 160,000 television and movie actors, began a strike on Friday. Here’s what to know →

Persons: Marie Solis Organizations: Business, SAG Locations: Hollywood

☆ Mississippi's ban on gender-affirming care is forcing one teenager to leave his mom and 2 brothers and go live with his dad in Virginia
▼ + stars: | 2023-07-10 | by ( Arleigh Rodgers | Michael Goldberg | Associated Press | ) www.businessinsider.com time to read: +5 min

Ray Walker had been receiving gender-affirming care in the state where he lives, and now can't. AP Photo/Rogelio V. SolisAt least 20 states have enacted laws restricting or banning gender-affirming care for trans minors, though several are embroiled in legal challenges. Opponents of gender-affirming care say there's no solid proof of purported benefits, cite widely discredited research and say children shouldn't make life-altering decisions they might regret. Then the broad effort in conservative states to restrict gender-affirming care set its sights on Mississippi. "Most people in Mississippi cannot afford to just move to another state or even go to another state for care."

Persons: Ray Walker, Walker, Katie Rives, Tate Reeves, Reeves, Rogelio V, Solis, Walker's, Rives, It's, ___ Arleigh Rodgers, Michael Goldberg, Rodgers, Goldberg Organizations: Mississippi Republican, Service, Mississippi Republican Gov, AP, Associated Press, America Statehouse News Initiative, America Locations: Mississippi, Virginia, Wall, Silicon, Jackson, Madison County, Miss, Chicago, Indianapolis

☆ Costa Rica charges former president Solis with corruption
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

SAN JOSE, July 6 (Reuters) - Costa Rica said on Thursday it has charged former President Luis Guillermo Solis with corruption, accusing him of involvement in a 2017 improper transfer of government funds to state-owned Bancredito. Solis, who governed between 2014 and 2018, denied the charges. "I categorically reject the charges that have been brought against me," the former center-left leader said in a video posted on Twitter. "I know I did not commit any crime," he said in a text message to Reuters. "This is a case that has already been prosecuted," he wrote in a text message, saying he would not comment further.

Persons: Luis Guillermo Solis, Solis, Helios Fallas, Sergio Alfaro, Alfaro, Fallas, Alvaro Murillo, Brendan O'Boyle, Edwina Gibbs, Clarence Fernandez Organizations: JOSE, Twitter, Reuters, Thomson Locations: Costa Rica

☆ The Big Number: 29(ish)
▼ + stars: | 2023-06-30 | by ( Marie Solis | ) www.nytimes.com time to read: 1 min

Seacrest left “Live,” the morning show he hosted with Kelly Ripa, in February after six years. But he is still the host of “American Idol,” which made him a household name. He is also the host of the syndicated radio programs “On Air With Ryan Seacrest” and “American Top 40 With Ryan Seacrest.”“American Idol” is on two hours a week, though at some points there are two-hour episodes, twice a week, and the finale is three hours.

Persons: Seacrest, Kelly Ripa, Ryan Seacrest ”, Ryan Seacrest, ”

☆ 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

☆ The Big Number: 5.6%
▼ + stars: | 2023-06-16 | by ( Marie Solis | ) www.nytimes.com time to read: 1 min

The Fed began raising interest rates from near zero in March 2022, as inflation hit a 40-year high. By last month, the Fed had taken rates above 5 percent and reached a milestone of 10 straight rate increases. Why so many? Even as the Fed has kept two feet firmly on the brakes, inflation has proved stubborn. Other economic data, like the jobs report, has shown unexpected resilience in the face of the Fed’s campaign to slow the economy.

Organizations: Fed

☆ Somehow 32 school districts in Mississippi are still under federal orders to desegregate
▼ + stars: | 2023-06-03 | by ( Michael Goldberg | Associated Press | ) www.businessinsider.com time to read: +6 min

But 69 years later, 32 school districts in Mississippi are still under federal desegregation orders. (AP) — There are 32 school districts in Mississippi still under federal desegregation orders, the US Department of Justice's Civil Rights Division's assistant attorney general said Thursday. "In our ongoing efforts to fulfill the promise of Brown vs. Board of Education, we currently have 32 open cases with school districts here in Mississippi," Clarke said. In addition to school districts, Clarke said at least five Mississippi jails and prisons have come under federal scrutiny. Clarke declined to offer more details about the case, citing an ongoing federal civil rights investigation.

Persons: Brown, —, Kristen Clarke, Clarke, Rogelio V, Solis Mississippi, Michael Corey Jenkins, Jill Collen Jefferson, JULIAN, Bonita Streeter, Mitzi Dease Paige, Solis, Jefferson Organizations: Service, US Department of Justice's, US Department of Justice's Civil Rights, Justice Department, of Education, Holmes, Community, Justice Department's Civil Rights Division, AP, The Justice Department, Mississippi Delta, Penitentiary, South Mississippi Correctional Institution, Central Mississippi Correctional Facility, Correctional, Sheriff's Deputies, Southern, Southern District of, Solis An Associated Press, Lexington Police Department, The, Department, FBI Locations: Mississippi, LEXINGTON, Miss, Lexington, Jackson, Parchman, Wilkinson, Hinds, Rankin, Southern District, Southern District of Mississippi, Solis An

☆ The Week in Business: An Attempt to Ban TikTok
▼ + stars: | 2023-05-21 | by ( Marie Solis | ) www.nytimes.com time to read: +3 min

The legislation seeks to cut off access by targeting mobile app stores, like the Apple Store and Google Play, and prohibit them from offering TikTok in Montana. If the stores continue allowing people to download the app, the companies could face fines, as could TikTok. The ban is set to take effect on Jan. 1, but it is already facing a legal challenge. A ‘Truly Sorry’ C.E.O. Though there was no explicit mention of Mr. DeSantis in the memo announcing the decision, Mr. D’Amaro noted “changing business conditions.”Image Credit... Giulio BonaseraWhat’s Next?

☆ As G-7 Summit kicks off in Hiroshima, China and Russia are on everyone’s minds
▼ + stars: | 2023-05-18 | by ( Jihye Lee | ) www.cnbc.com time to read: +5 min

A man rides his bicycle past a "G7 Hiroshima" flower sign at the Peace Memorial Park in Hiroshima, ahead of the G7 Leaders' Summit, on May 17, 2023. (Photo by Philip FONG / AFP) (Photo by PHILIP FONG/AFP via Getty Images) Philip Fong | Afp | Getty ImagesThe annual Group of 7 summit officially kicks off on Friday in Hiroshima, Japan. A sign of G7 Hiroshima Summit is pictured in Hiroshima, ahead of the G7 Leaders' Summit, on May 16, 2023. G-7 finance leaders and central bankers finalized a three-day meeting in Niigata last week. "The U.S. will have a package of sanctions associated with the G-7 statement that will center on this enforcement issue," he told reporters.

☆ The Week in Business: Trump on TV
▼ + stars: | 2023-05-14 | by ( Marie Solis | ) www.nytimes.com time to read: +4 min

(May 7-13)CNN’s TrumpcastUntil last week, former President Donald J. Trump had not appeared on CNN since 2016. But at a town hall hosted by the network on Wednesday night, Mr. Trump, the Republican front-runner in the 2024 presidential campaign, resumed the lies and name-calling that marked his presidency. Critics of CNN’s forum said it was reckless to give Mr. Trump such a large platform for his message, especially because it proved difficult to fact check his statements in real time. The results came in: Almost 58 percent of the 17.5 million people who voted agreed that Mr. Musk should leave his post. Mr. Musk said Ms. Yaccarino, who recently interviewed him onstage at an advertising event in Miami, would focus on business operations while he would continue to work on product design and technology.

☆ The Week in Business: The 10th Straight Rate Increase
▼ + stars: | 2023-05-07 | by ( Marie Solis | ) www.nytimes.com time to read: +4 min

It was the third consecutive increase of that size and the 10th straight rate increase since last March. This encroaching deadline presents a tricky political problem for Mr. Biden. Republicans are trying to extract concessions from Mr. Biden that would significantly undermine his agenda. He could negotiate spending cuts but divorce those discussions from the debt limit. There is one other possible option: a constitutional challenge to the debt limit, a long-shot plan that would rely on a clause in the 14th Amendment.

☆ The Week in Business: High-Profile Media Ousters
▼ + stars: | 2023-04-30 | by ( Marie Solis | ) www.nytimes.com time to read: +4 min

The move came less than a week after the company paid $787.5 million to settle a defamation suit with Dominion Voting Systems. Soon after Mr. Carlson was fired, CNN announced that it had “parted ways” with Don Lemon, a longtime star on the network who most recently was a morning show co-host. First Republic’s troubles are part of a wider banking crisis that began with the collapse of Silicon Valley Bank in mid-March. (April 30-May 6)A Highly Anticipated Fed MeetingThese days, aren’t all meetings of the Federal Reserve highly anticipated? But the Fed signaled that much uncertainty lay ahead as it sought a narrowing path to a soft landing, made narrower by the collapses of Silicon Valley Bank and Signature Bank.

Solis, 64, lives on the banks of Mexico's Villa Victoria reservoir, which supplies water to the bustling capital hours away but does not reach her own faucets. Villa Victoria is part of the Cutzamala System, the source of water for about six million people in Mexico City and the surrounding state of Mexico. Climate change, chaotic urban growth and inefficient infrastructure have strained Mexico's water supplies, pushing the Cutzamala System's stores to their lowest level in 27 years. Mexico City is also tapping alternative sources of water outside the Cutzamala System, including by replacing wells in the Zumpango area in the state of Mexico. But for people like Israel, who lives just a few minutes' drive from the Cutzamala System's water treatment plant and asked not to use his last name, the constitution's promise is increasingly distant.

CNN —An accused MS-13 gang member has been arrested in Holiday, Florida, and charged in what the sheriff described as a “demonic” murder of an Uber Eats delivery driver whose remains were found dismembered at the suspect’s home last week, according to investigators. Investigators believe Solis tried to rob the driver and ultimately killed him, the sheriff’s office said in a news release. The sheriff said Solis is affiliated with MS-13, a violent criminal gang with international ties to drug and human trafficking. When investigators opened the trash bags at the home on Friday, they found what appeared to be human remains in two of the bags, the complaint said. There is no known connection between the suspect and victim, Nocco said.

☆ The Week in Business: A Trial With a Twist
▼ + stars: | 2023-04-23 | by ( Marie Solis | ) www.nytimes.com time to read: +4 min

In an unexpected twist in the courtroom on Tuesday — after jurors had been selected and opening statements delayed — Fox News agreed to a $787.5 million settlement. But even at less than half that amount, the settlement is still one of the largest ever in a defamation case. Caveats released in August said vehicles and plug-in hybrids assembled outside North America were not eligible for the $7,500 credit. The list of eligible vehicles is expected to grow as carmakers fine-tune their supply chains and catch up with demand. When the bank reports its quarterly earnings this week, analysts expect to see an enormous flight of deposits — that is, customers pulling their money from the bank — and losses.

☆ Regional Banks’ Deposit Remix Not as Good as the Original
▼ + stars: | 2023-04-22 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

A group of banks that saw deposit gains were consumer lenders such as Discover Financial Services. Photo: Rogelio V. Solis/Associated PressRegional banks have so far held on to deposits better than investors might have feared. Among banks that have reported earnings, deposits across all the large banks tracked by The Wall Street Journal declined by about 1.5% from the end of the fourth quarter to the end of the first. That is much less than the overall 3.3% decline reported by the Federal Reserve across all U.S. banks over that time period. Even just among the large regional banks tracked, the total decline was 2.4%.

☆ Transgender Medicaid Coverage Drives Widening Partisan Gap Between States
▼ + stars: | 2023-04-22 | by ( Stephanie Armour | ) www.wsj.com time to read: 1 min

Transgender-rights advocates demonstrated in February at the Statehouse in Mississippi, where lawmakers moved to restrict some coverage for care of gender-transitioning patients. Photo: Rogelio V. Solis/Associated PressWASHINGTON—Medicaid is at the center of a widening partisan divide among states over transgender healthcare, where some Americans are denied access to gender-related treatments while others are seeing the availability of such care expand. The Medicaid insurance program, which covers more than 90 million low-income or disabled Americans, has become a way for states to signal sharply divergent positions on transgender-specific care. Republican-led states including Mississippi and Tennessee, where the GOP controls both legislative chambers and the governorship, have recently introduced legislation to restrict some coverage for care of gender-transitioning patients.

☆ CDC Backs the First Single-Dose Covid Shot Targeting Omicron
▼ + stars: | 2023-04-19 | by ( Liz Essley Whyte | ) www.wsj.com time to read: 1 min

The CDC’s signoff is the last regulatory step before the new vaccine regimen can become widely available. Photo: Rogelio V. Solis/Associated PressThe Centers for Disease Control and Prevention recommended that people receiving Covid-19 messenger RNA vaccines for the first time receive one dose of the newer shots that target both Omicron and the original strain of the virus. The agency also said Wednesday that people at high risk of severe Covid-19 could take second boosters of the dual-target shots, though it didn’t recommend them outright.

☆ The Outlook for Diesel: Supply Woes Aren’t Going Away Soon
▼ + stars: | 2023-01-28 | by ( Denton Cinquegrana | ) www.wsj.com time to read: +4 min

Throughout the U.S., diesel supplies remain tight; the East Coast in particular has been pressed to keep tanks fully stocked. Some of the supply issues go back to pre-Covid 19 events, including a June 2019 fire that took out a key East Coast refinery. Europe has been weaning itself off Russian crude oil and natural gas, but replacing Russian diesel may prove trickier. At that time, diesel prices at the retail level in the U.S. were in the $5.25-5.30 a gallon range. By the end of January, retail diesel prices should be approaching $4.75 a gallon.

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