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Rep. Jim Jordan received his party’s nomination for speaker on Friday, becoming the second nominee after Majority Leader Steve Scalise abruptly abandoned his bid for the role a day earlier. The Ohio Republican fell more than 60 votes short of the threshold needed to become speaker in a test vote on Friday. Jordan, the House Judiciary Committee chairman, was known for years as an outspoken critic of leadership positioned squarely among the party’s right flank. Still, some moderates, along with Democrats, staunchly oppose a Jordan speakership, making a bipartisan path forward possible. Some have floated a bipartisan effort to empower Rep. Patrick McHenry, who has been serving as speaker pro tempore since McCarthy’s ouster, or even elect the North Carolina Republican as speaker.

Persons: Kevin McCarthy’s, Jim Jordan, Steve Scalise, he’s, Dan Crenshaw, Jordan speakership, Jordan, Crenshaw, ’ “, ”, McCarthy, Kevin Hern, Mike Johnson of, Patrick McHenry, McCarthy’s, Hakeem Jeffries, ” Jordan, “, Mike Turner, balk Organizations: GOP, The Ohio Republican, Committee, ”, CNN, House Republicans, Fox News, North Carolina Republican, NBC, Democrats, Republican Conference, Ohio Republican, CBS, Capitol Locations: Jordan, Texas, Oklahoma, Mike Johnson of Louisiana, Ohio, Israel

☆ Why France’s Cote d’Azur is one of the world’s best coastlines
▼ + stars: | 2023-10-11 | by ( Richard Quest | Joe Minihane | ) edition.cnn.com time to read: +9 min

This is the Côte d’Azur, the grand dame destination for European vacations. And no one artist is as synonymous with the Côte d’Azur as Henri Matisse. And it’s also one of the raw ingredients for another quintessentially Côte d’Azur product: Perfume. At Fragonard, they can also help you create your own personalized scent, something to remember the Côte d’Azur by. The Côte d’Azur is a spectacular place, somewhere that taps into a sense of elegance and retains a charm and beauty that is redolent of years gone by.

Persons: CNN —, bonne, St Tropez, Romulo Yanes, Condé Nast, Vanessa Massé, Massé, ”, it’s, Fleur de Courgette, Saint Paul de Vence, Gabrielle Therin, Henri Matisse, “, Florence Tournier, Matisse, Picasso, Renoir, Monet, Chagall, Tournier, Pierre Longnus, Jean, Pierre Jaubert, Lavender, Jaubert, gesturing, Jessica Buchanan, Bénédicte, Karina Hidalgo, Hidalgo, Buchanan Organizations: CNN, St, Michelin, Getty, Mediterranee, Bank Locations: Cassis, Menton, France, Antibes, Cannes, Nice, Monaco, Provence, Saint, Paris, “, Aix, Grasse, Fragonard

☆ Raspberry Rally Girl Scouts cookie is discontinued
▼ + stars: | 2023-10-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The Girl Scouts are discontinuing a popular cookie just a year after its debut sparked a frenzy. Raspberry Rally won’t be sold this upcoming cookie-sales season, which runs January to April 2024, Girl Scouts of the USA has announced. “While Raspberry Rally was extremely popular last year, we are taking a pause this season to prioritize supplying our classic varieties,” the Girl Scouts of the USA said in a statement to CNN. But Girl Scouts learned last year that there is a market for higher-priced cookies, thanks to the Raspberry Rally debacle. The Rallies changed hands several times higher than their listed price, to the likely frustration of the Girl Scouts leadership.

Organizations: New, New York CNN, The, Scouts, Girl Scouts, USA, Girl Scouts ’, eBay, CNN, Troops, Girl Scouts Heart, Hudson, ” Locations: New York

WASHINGTON (AP) — Facing a likely roadblock from House Republicans on aid for Ukraine, President Joe Biden said Wednesday he’s planning to give a major speech on the issue and suggested there may be “another means” to provide support for Kyiv if Congress continues to balk. White House officials declined to say when Biden planned to give his speech. The president did not elaborate on the alternate method he was looking at to get additional military aid to Ukraine in its ongoing war with Russia. After Biden spoke, White House press secretary Karine Jean-Pierre said during the Wednesday news briefing that Biden was “confident” Ukraine aid would approved because there is broad bipartisan support. But she noted the objections by some House Republicans were an obstacle to the United States' work with allies to support Ukraine, which Russia invaded in February 2022.

Persons: Joe Biden, “ I'm, Biden, I’m, ”, Kevin McCarthy, Matt Gaetz, McCarthy, Karine Jean, Pierre, ” Jean, Pierre said, ” Biden Organizations: WASHINGTON, Republicans, White Locations: Ukraine, Kyiv, United States, Russia, U.S, Florida, Europe, Japan, Canada

☆ 'Shark Tank' investor Kevin O'Leary warns commercial real estate woes will topple banks and throttle businesses
▼ + stars: | 2023-10-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary is worried about commercial real estate, regional banks, and small businesses. O'Leary wants to boost protections on payroll accounts to ensure companies can pay their workers. AdvertisementAdvertisementPressure is building on regional banks, commercial real estate developers, and small businesses, Kevin O'Leary has warned. AdvertisementAdvertisement"We're going to see more cracks in regional banks, and that's putting pressure on the loan books of those banks which are hitting small business," O'Leary said. The founder of O'Leary Funds and O'Leary Ventures urged lawmakers to support a $100 million guarantee for non-interest-bearing accounts, which would protect payroll accounts.

Persons: Kevin O'Leary, O'Leary, —, " O'Leary, They've Organizations: Service, Fox Business, Federal Reserve, Federal Deposit Insurance Corp, O'Leary Funds, O'Leary Ventures Locations: Regional

☆ Australia Voice referendum: Cherbourg, a community built on racial segregation, looks to the future
▼ + stars: | 2023-09-30 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +16 min

“We’ve got around 260 people waiting on our waiting list,” said Cherbourg Council CEO Chatur Zala. “My community is very, very confused,” said Mayor Elvie Sandow, from her air-conditioned office in the center of Cherbourg. Hilary Whiteman/CNNZala said Cherbourg Council has made gains in recent years, since Mayor Elvie was elected in 2020. “The highest employment rate of any Indigenous community,” he boasted. At the end of the day, I am the voice of Cherbourg because I’m the elected mayor for this community.”I am the voice of Cherbourg because I’m the elected mayor for this community.

Persons: Australia CNN —, “ We’ve, ”, Chatur Zala, –, Elvie Sandow, “ They’re, they’ll, “, “ They’ll, Hilary Whiteman, Erin Johnston, ” Johnston, Michael Blair, Andy Roache, Anthony Albanese, Cherbourg Aunty Ruth Hegarty, Aunty Ruth, Betty McKenzie, You’re, ” Aunty Ruth, Ruth, we’re, Aunty Ruth Hegarty, Moira Bligh, Nyunggai Warren Mundine, Blair Gilchrist, that’s, aren’t, it’s, Jacinta Nampijinpa Price, Richard Milnes, ” Price, “ It’s, Warren, It’s, Jacinta Nampijinpa, CNN Zala, Mayor Elvie, Zala, They’ve, Elvie, “ I’m, I’m, Elvie Sandow Zala, “ That’s, he’ll Organizations: Australia CNN, Torres Strait Islanders, ” Cherbourg, CNN, Australian Electoral Commission, AEC, Indigenous, Nations, Queensland Museum, Opium, Advance, Labor, Conservative Political, Conference, Tourists, Shed, Mayor, Digital Service Center Locations: Cherbourg, Australia, Queensland, Brisbane, Mitchell, Northern, ”, Trust, Canberra, Gujarat, India

☆ House Republicans take on Biden as government shutdown looms
▼ + stars: | 2023-09-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Republicans are about to deliver on the driving purpose of their House majority – enacting Donald Trump’s retribution. Rather than try to solve the crisis, hardline House Republicans are driving the country toward a shutdown that Trump ordered up on social media, insisting it will will damage Biden, his potential general election rival. The two showdowns – and the return to power of Trump’s movement in the House – could shape the fate of the Republican House majority, which was narrowly won in last year’s midterm elections. But paradoxically, the tiny House majority – McCarthy can only lose four votes and still pass legislation on a party line – has given the most extreme GOP members more leverage. Some House Republicans are now refusing to vote for any temporary spending extension expected to come over from the Senate.

Persons: Donald Trump’s, Joe Biden, smarting, Biden, corruptly, –, Kevin McCarthy, Vladimir Putin, Trump, McCarthy, Biden’s, Trump’s impeachments, – McCarthy, tormentors, Mary, “, don’t, there’s, Mike Lawler, Ayanna Pressley, CNN’s Jake Tapper, ”, impeachments Organizations: CNN, Republicans, Trump, Republican House, GOP, Republican, Biden, Trump acolytes, Capitol, ” Democratic, Massachusetts, Wednesday, Transportation Security Administration Locations: Ukraine, Michigan, Detroit, California, Arizona, China, New York, San Francisco

☆ Girl Scout cookies are getting more expensive
▼ + stars: | 2023-09-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Girl Scout cookies are getting more expensive. But now the higher price will apply to other cookies that the troops sell, including the more classic varieties. Girl Scout cookie prices have been rising from $5 to $6. “Each of our 111 Girl Scout councils sets local Girl Scout Cookie prices based on several factors,” a spokesperson for Girl Scouts of the USA told CNN. But Girl Scouts learned last year that there is a market for higher-priced cookies, thanks to the Raspberry Rally debacle.

Persons: Hudson, John Moore, ” Organizations: New, New York CNN, Girl Scouts Heart, Girl Scouts, Girl Scouts of, USA, CNN, “, ” Troops, Consumers, Thin Mint, eBay Locations: New York, Louisiana, Girl Scouts of Northern California

☆ Supreme Court returns for first private meeting of the term amid even more controversy
▼ + stars: | 2023-09-26 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +8 min

CNN —The Supreme Court returns to Washington to face a new term and the fresh reality that critics increasingly view the court as a political body. Earlier this year, Roberts declined an invitation to appear before the Democratic-led Senate Judiciary Committee to discuss Supreme Court ethics, citing separation of powers concerns. Even if he did believe a formal ethics code is necessary, it’s unclear whether he would need a unanimous vote to move forward. Instead, they say, critics of the court are manufacturing a controversy to delegitimize the institution and staunch the flow of conservative opinions. Last week, she told an audience in Indiana that she thought it would be a “good” idea if the court were to adapt the ethics code used by lower court justices to fit the Supreme Court.

Persons: Donald Trump’s, Roe, Wade, John Roberts, Roberts, Joe Biden’s, ”, Justice Elena Kagan, Sonia Sotomayor, Ketanji Brown Jackson, “, ” Kagan, Clarence Thomas, Samuel Alito, ” Cate Stetson, Hogan Lovells, Dick Durbin, Durbin, recuses, Carrie Severino, Alito, forthrightly, ” Alito, “ I’ve, Elena Kagan, Amy Coney Barrett, Brett Kavanaugh Organizations: CNN, Democratic, Conservative, Cato Institute, Democrat, Judicial, Crisis Network Locations: Washington, Congress, Indiana, Lake Geneva , Wisconsin, Ohio

RAMSTEIN AIR BASE, Germany (AP) — Defense Secretary Lloyd Austin urged allied defense leaders Tuesday to “dig deep" and provide more air defense systems for Ukraine, to help the country block increasing barrages of Russian missiles. “Air defense is saving lives,” Austin said as he opened the meeting of the Ukraine Defense Contact Group at Ramstein air base in Germany. “So I urge this group to continue to dig deep on ground-based air defense for Ukraine. President Volodymyr Zelenskyy and other Ukrainian leaders have repeatedly pushed for the longer-distance weapons. The Ramstein meeting also marks Milley's final session as U.S. joint chiefs chairman.

Persons: Lloyd Austin, ” Austin, Volodymyr Zelenskyy, Bill Blair, Austin, Joe Biden, Kevin McCarthy, “, —, Mark Milley, Milley, Rob Bauer Organizations: RAMSTEIN AIR, —, Ukraine Defense Contact, Ramstein, enrage, The Army Tactical Missile, Abrams, U.S . Defense, Washington , D.C, Republican, Nations, ” Military, Joint Chiefs of Staff, NATO Locations: Germany, Ukraine, U.S, enrage Moscow, Europe, Washington ,, Netherlands, Ramstein

CNN —DirecTV and Nexstar announced Monday that they had largely resolved a bitter carriage dispute that had left millions of the satellite carrier’s subscribers unable to access local television giant Nexstar’s large array of channels. The deal to end the blackout, which began in July and stretched for more than 75 days, comes one week after Disney and Charter also agreed to resolve a dispute that resulted in ABC-owned stations and ESPN being yanked from the cable provider’s lineup. While most of Nexstar’s stations will be covered under the new multi-year agreement, DirecTV said 27 stations controlled by Nexstar, but owned by another company, will not fall under the umbrella. DirecTV chief executive Bill Morrow alluded to the trend in a note to customers on Monday. “Unfortunately, over the past decade-plus access to your programming has become a battleground for networks and stations to try to drive up higher rates,” Morrow said.

Persons: Bill Morrow, “, ” Morrow Organizations: CNN, DirecTV, Nexstar, NFL, Disney, ABC, ESPN

In order to protect Republican spending priorities for defense, veteran and disaster relief, it cuts other spending by over 8%. McCarthy planned to hold a vote on a Department of Defense spending bill on Wednesday, then the stopgap funding measure the next day. Leaders of the so-called “five families” — the various conservative factions that make up the House Republican majority – are expected to convene later Monday behind closed doors in the speaker’s office. “How are you going to win your arguments to secure the border if the border agents don’t get paid? Still, Schumer called on McCarthy to take a bipartisan approach to keep the government running.

Persons: Kevin McCarthy, “ I’ve, you’re, ” McCarthy, ”, we’ve, McCarthy, Chuck Schumer, “, it’s, Kevin Hern, Dusty Johnson, I’ve, don’t, aren’t, Byron Donalds, Biden, Janet Yellen, We’ve, Schumer, ” Schumer, Fatima Hussein Organizations: WASHINGTON, Republican House, Republican, Capitol, Republicans, Caucus, Main Street Caucus, Democrats, Department of Defense, Committee, Mainstreet Caucus, Fox, Twitter, Freedom Caucus, U.S . Chamber of Commerce, CNBC, House Democrats Locations: shutdowns, Washington

☆ The Democrats' biggest problem with age in 2024 is not Joe Biden
▼ + stars: | 2023-09-18 | by ( Walt Hickey | ) www.businessinsider.com time to read: +7 min

Just 3 out of the 9 Supreme Court Justices are liberals. Unless Democrats are willing to risk a 7-2 GOP-held Supreme Court, it might be time to consider retirement. However, Joe Biden should be far from the Democrats' biggest worry when it comes to age. It would be tremendously bad luck, but then again, anyone who thinks that Democrats have had good luck at the Supreme Court is delusional. The question is rather, what is the maximum level of acceptable risk of a 7-2 GOP-held Supreme Court?

Persons: Sonia Sotomayor, Elena Kagan, Joe Biden's, Joe Biden, Biden, Ketanji Brown Jackson, Stephen Breyer, Barack Obama, —, Donald Trump, Ruth Bader Ginsberg, Roe, Wade, Biden's, They're, John Paul Stevens, Sandra Day O'Connor, it's Organizations: Service, Democrats, GOP, Republican, Democratic Senate Locations: Wall, Silicon, American, Phoenix , Arizona

☆ A fight between fast-food chains and unions in California is over, for now – what to know
▼ + stars: | 2023-09-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +8 min

Gavin Newsom's office, also creates a nine-person council that will decide on future wage hikes for the fast-food industry in California through 2029. The deal will mean a wage floor of $20 for California workers at fast-food chains with at least 60 locations nationwide, starting April 1. The council will include four representatives from the fast-food industry, four from the workers' side and one neutral party who will serve as chair. But the fast-food industry was attacking the bill before it even made its way to Newsom's desk. Fast-food workers employed by affected restaurants will see pay increases of as much as 25% hit their paychecks starting in April.

Persons: Mario Tama, Gavin Newsom's, Mark Kalinowski, Newsom, Joe Erlinger, Erlinger, Jan, What's, Joe Pawlak, Technomic, they'll, Joe Pawlak Technomic, Pawlak, Mary Kay Henry, it's, Sean Kennedy, Burger Organizations: Getty, Gov, Equity Research, Democrat, FAST, Yum Brands, Restaurant Brands, McDonald's, Citi Research, Service Employees International Union, SEIU, California State, CNBC, Walmart, Target, Food, National Restaurant Association, Delta Airlines, Los Angeles International Airport Locations: Boyle, Los Angeles , California, California, McDonald's U.S, Minnesota, New York, —

☆ Japan's weak machinery orders, other batch of soft data raise BOJ challenge
▼ + stars: | 2023-09-14 | by ( Kantaro Komiya | Thomson Reuters | Kantaro Writes About Everything Japan'S Economic Indicators To North Korea'S Missiles To Global Regulation On Ai Companies. His Previous Stories Have Been Published In The Associated Press | ) www.reuters.com time to read: +3 min

Core orders, the leading indicator of Japanese business spending, were down 1.1% in July from the previous month, the data showed. Orders from manufacturers fell 5.3% in July, the largest decline in eight months, due to weak demand for computers from industries including electric machinery, auto and chemicals. Orders from "core" service-sector firms excluding shipping and electric utilities grew 1.3%. The government maintained its weak view on machinery orders, saying they are "stalling", highlighting the bumpy road ahead for Japanese business and its broader economy. In July, Japan's exports fell for the first time in nearly 2-1/2 years, while the industrial output contracted more than expected.

Persons: Chisato Oshiba, Fumio Kishida, reshuffling, Kantaro Komiya, Chang, Ran Kim Organizations: ", Dai, Research, Manufacturers, U.S . Federal Reserve, Bank of Japan, Thomson Locations: TOKYO, China, Japan

☆ Disney starts drafting broadcast TV’s grand finale
▼ + stars: | 2023-09-14 | by ( Jennifer Saba | ) www.reuters.com time to read: +9 min

It was pretty much the only way to watch “Gunsmoke” or “Howdy Doody” until cable networks arrived in force in the 1980s, bundled together for a monthly subscription fee. For Disney, ABC represented a watershed moment. Look deeper and the big broadcasters attracted only one in five viewers, while one in three watched cable networks. The TV group, excluding cable networks such as Fox News, generated an EBITDA margin of nearly 12% for the year ending June 30. Assume any deal includes cable networks such as Disney Channel and National Geographic.

Persons: Walt Disney, Bob Iger, ”, Howdy Doody, Fox, Rupert Murdoch, Michael Eisner, Iger, what’s, “ Abbott, Singer, Morgan Stanley, Disney’s, they’re, reckons Morgan Stanley, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Oliver Taslic Organizations: Reuters, Magic Kingdom, ABC, Disney, ESPN, Charter Communications, American Broadcasting Company, NBC, CBS, Capital Cities, RJR Nabisco, Paramount Global, Comcast, Warner Bros Discovery, Fox, Paramount, National Football League, NFL, Reuters Graphics Reuters, Bloomberg, Apple, Nielsen, BET, Wall Street Journal, Charter, U.S . Federal Communications Commission, Local, Disney Channel, Geographic, Apollo Global Management, TPG, Walt Disney, Thomson Locations: U.S, United States

☆ Technology is transforming the way family enterprises think about the future
▼ + stars: | 2023-09-14 | by ( Sponsor Post | Created Insider Studios With Deloitte | ) www.businessinsider.com time to read: +8 min

Family enterprises have historically focused on legacy, pride in what they built, and passing down success through generations. This nimble structure gives family enterprises an advantage in adopting new innovations when the leadership sees or endorses the potential benefits. With passion for their legacy and proper planning, family enterprises can set themselves up for success far into the future. But as anyone who's been involved in running a family business or family office will know, emotions can run high among relatives. Click here to learn more about how Deloitte Private can help thriving family enterprises transform ideas into action.

Persons: Adrian Batty, they've, Batty, they're, who's, " Batty Organizations: Deloitte, Family Enterprise, Deloitte Private, America, Insider Studios Locations: Australia

It forecasts that Britain, with a 2030 fossil-fuel car sale ban, could be short 25,000 EV technicians by 2032. And Australia could be 9,000 EV technicians short by 2030, the Victorian Automotive Chamber of Commerce predicts. CEO Lawrence Whittaker said Warrantywise must use expensive franchise dealers to fix EVs because they more often have qualified technicians than independent shops. Customers lacking EV repair options already come from far afield. The IMI estimates 20% of UK automotive technicians have received some EV training, but only 1% are qualified to do more than routine maintenance.

Persons: Rex Nielsen, Mark Syvret, Renault Zoe, Nick Carey, Roberto Petrilli, Lawrence Whittaker, Warrantywise, Mark Darvill, Darvill, Hillclimb's, Addison Lee, Andrew Wescott, Tesla, Daniel Brown, Germany's Lucas, David Etzwiler, Etzwiler, Collin Jennings, Jennings, Steve Nash, Nicholas Wyman, you'll, Aurora Ellis Organizations: Renault, REUTERS, EV, Motor Industry, of Labor Statistics, Victorian Automotive Chamber, Commerce, Auto, Reuters, UK, Tesla, IMI, Siemens Foundation, Traders ' Association of New, MTA NSW, U.S . Institute, Workplace, Thomson Locations: Ash Vale, Britain, DETROIT, MILAN, England, Milan, Melbourne, Malibu, Italy, Hertford, China, India, Europe, United States, Australia, High Wycombe, London, Traders ' Association of New South Wales, NSW

☆ Congress is gearing up for a budget showdown. From funding for student-loan repayment to Social Security benefits, here's what's at stake.
▼ + stars: | 2023-09-05 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Already, President Joe Biden has asked for short-term funding to help keep key programs running and head off a potential federal closure. Well, the federal budget year closes out on September 30. AdvertisementAdvertisementRepublicans already have conditionsHouse Speaker Kevin McCarthy has reportedly told his party members that he believes it'll be necessary to pass some sort of short-term funding measure, according to MSNBC. Senate Majority Leader Chuck Schumer similarly told MSNBC that he has met with McCarthy and the duo agreed to try and move forward with short-term funding. While the benefits would still flow, Americans relying on those programs would likely see processing delays and limited customer service.

Persons: Joe Biden, Kevin McCarthy, it'll, Chuck Schumer, McCarthy, GOPers, Donald Trump, Trump Organizations: Service, MSNBC, Republican, Justice Department, FBI, Social Security, SNAP, Management, Department of Agriculture, Assistance, Child Nutrition, Women, Children, Congressional Locations: Wall, Silicon, pare, Ukraine, Washington

☆ We opened a restaurant with a no-tipping policy. We have to charge more, but it's been totally worth it.
▼ + stars: | 2023-09-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Vinod Kalathil and his wife recently opened the restaurant Thattu in Chicago. The restaurant doesn't take tips but instead pays servers a competitive wage. My wife and I opened our restaurant, Thattu, about four months ago on the Northwest side of Chicago. Before we opened, we talked to other restaurant owners about plans for opening a "no-tip" restaurant. We actually opened the first iteration of Thattu back in 2019 in a food hall in Politan Row.

Persons: Vinod Kalathil, Thattu, what's Organizations: Service, Labor, City, Block Club Chicago, Block Locations: Chicago, Wall, Silicon, Kerala, India, Politan, Thattu, City of Chicago

☆ Charter puts media companies on notice in bid to save pay-TV bundle
▼ + stars: | 2023-09-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCharter Communications CEO Chris Winfrey wants the pay-TV bundle to live. For Charter, a company that doesn't produce content itself, the TV bundle is still a big part of its business, even as broadband grows. Disney also noted its multi-billion dollar investments in exclusive content for Disney+, ESPN+ and Hulu. Disney has said it's a matter of time before it offers ESPN outside of the pay-TV bundle. Long live pay-TV

Persons: Rafael Henrique, Chris Winfrey, Winfrey, Barry Diller, Tom Rutledge, —, Hulu —, Disney, Long Organizations: Communications, Getty, Charter, Disney, U.S ., Warner Bros, Discovery, Paramount Global, Comcast, Media, Paramount, ESPN, P Global Market Intelligence, Hulu Locations: U.S, Hulu

☆ With housing, Buffett chooses a great location
▼ + stars: | 2023-08-30 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

WASHINGTON, Aug 30 (Reuters Breakingviews) - Mortgages are pricey, but Warren Buffett seems to think that’s a good thing for homebuilders. Horton (DHI.N), Lennar (LEN.N) and NVR (NVR.N), just as mortgage rates hit the highest level in nearly 23 years. That’s 3% less than last year, and 7% less than the average used-home price today. Horton, NVR and Lennar on Aug. 14. The conglomerate, run by billionaire investor Warren Buffett, purchased $726 million, $71 million and $17 million of DR Horton, NVR and Lennar shares, respectively, throughout the second quarter, according to a Securities and Exchange Commission filing.

Persons: Warren Buffett, Berkshire Hathaway, D.R . Horton, Horton, NVR, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, U.S . Bureau of Labor Statistics, Buffett, Berkshire, Securities and Exchange Commission, Mortgage Bankers Association, Census, Thomson Locations: . Berkshire, D.R ., Horton, U.S, New York, Los Angeles, Berkshire, that’s, homebuilders D.R, DR

☆ Royce Lewis' grand slam propels Twins past Guardians
▼ + stars: | 2023-08-29 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/32] Aug 28, 2023; Minneapolis, Minnesota, USA; Cleveland Guardians catcher Bo Naylor (23) is congratulated in the dugout after hitting a home run against the Minnesota Twins in the second inning at Target Field. Mandatory Credit: Matt Blewett-USA TODAY Sports Acquire Licensing RightsAugust 29 - Royce Lewis belted a grand slam for the second game in a row, and the Minnesota Twins pulled away for a 10-6 win over the Cleveland Guardians on Monday night in Minneapolis. The 24-year-old Lewis became the first player in Twins history to hit grand slams in back-to-back games. The Twins increased their lead in the American League Central to seven games over the second-place Guardians. Cleveland's hitters provided Curry with a 4-0 lead in the top of the second before the Twins surged back.

Persons: Bo Naylor, Matt Blewett, Royce Lewis, Lewis, Jorge Polanco, Matt Wallner, Funderburk, Xzavion Curry, Curry, Will Brennan, Gabriel Arias, Naylor, Carlos Correa, Donovan Solano, Andres Gimenez, Wallner, Steven Kwan, Polanco Organizations: Cleveland, Minnesota Twins, Cleveland Guardians, The Twins, American League Central, Twins, Thomson Locations: Minneapolis , Minnesota, USA, Minneapolis, Minnesota, Kole Calhoun

☆ MLB roundup: Mariners blast 7 homers in 15-2 rout of Royals
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +10 min

The only hits he allowed were a third-inning single by Dairon Blanco and Waters' solo shot in the fifth. Drew Waters went deep for the Royals, who have lost six of their past seven games. Jordan Lyles (3-15) was lifted after allowing seven runs in the third inning -- including three homers. He allowed two runs, four hits and two walks in five innings while posting nine strikeouts. Brock Burke (5-2) picked up the win with a scoreless inning relief after starter Max Scherzer allowed two runs on four hits over seven innings.

Persons: Mike Ford, Teoscar Hernandez, Joe Nicholson, Josh Rojas, Julio Rodriguez, Cal Raleigh, Cade Marlowe, Logan Gilbert, Gilbert, Dairon Blanco, Waters, Drew Waters, Jordan Lyles, Jake Alu, Jake Irvin, Josh Bell, Jorge Soler, David Robertson, Miami's Eury Perez, Alex Bregman, Jose Abreu, Chas McCormick, Jose Altuve, Hunter Brown, Eduardo Rodriguez, Parker Meadows, Freddy Peralta, Juan Soto, Joel Payamps, Peralta, Pedro Avila, Ohtani, Daniel Vogelbach, Brandon Drury's, Chase Silseth, Phil Nevin, Zack Wheeler, Nick Castellanos, Brandon Marsh, Louis, Bryson Stott, Bryce Harper, Wheeler, Davis Schneider, Hyun Jin Ryu, Jose Ramirez, Tyler Freeman, Cleveland, Logan Allen, Austin Riley, Orlando Arcia, Max Fried, Matt Olson, Wilmer Flores, Flores, Sean Manaea, Adam Duvall's, Alex Verdugo, Justin Turner, Duvall, Rob Refsnyder, Tyler Glasnow, Josh Lowe, Randy Arozarena, Luke Raley, Ryan Mountcastle, Lenyn Sosa, Yoan Moncada, Andrew Benintendi, Touki Toussaint, Toussaint, Jordan Wicks, Wicks, Seiya Suzuki, Ian Happ, Cody Bellinger, Jeimer, Robbie Grossman, Leody Taveras, Adolis Garcia, Mitch Garver, Brock Burke, Max Scherzer, Scherzer, Spencer Steer, Nabil Crismatt, TJ Friedl, Crismatt Organizations: Seattle Mariners, Kansas City Royals, Mobile, USA, Mariners, Seattle, Texas Rangers, American League West, Royals, Nationals, Marlins, Miami, Astros, Tigers, Houston, Detroit, Brewers, Padres, Milwaukee, San, Mets, New, Angels, Phillies, Cardinals, Philadelphia, St, Blue Jays, Toronto, Cleveland ., Guardians, Braves, Giants, Atlanta, Red Sox, Dodgers, Boston, Los Angeles, Yankees, Tampa Bay's, Rays, Orioles, Rockies, Baltimore, Colorado, AL East, . White Sox, Athletics, Oakland, White Sox, Cubs, Pirates, Chicago's, Pittsburgh, Rangers, Texas, Reds, Diamondbacks, Cincinnati, Thomson Locations: Seattle , Washington, USA, Washington, Miami . Washington, Detroit, Parker, San Diego, Diego, Los Angeles, New York, St, Francisco, Los, Red, Tampa, Minnesota, Phoenix

☆ Arm going public generates buzz but may not be a sign the IPO market is thawing
▼ + stars: | 2023-08-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

It's an old saw: The most important factors for a strong IPO market are an up market and stable interest rates. The problem is that there is not much similarity between Arm and tech unicorns. It's a tough choice: Negotiate onerous new rounds of funding with venture capital firms, or go public at a lower valuation. But if you can't, you either take another lower funding round or go public at a lower valuation." Many companies still looking to go public "This won't open the floodgates for tech unicorns," Kennedy said.

Persons: Rivian, Matt Kennedy, Santosh Rao, Rao, Johnson, Kennedy, Don, Softbank, Birkenstock Organizations: Labor, Renaissance Capital, Manhattan Venture Research, London Stock Exchange, Nasdaq, Softbank, Vision Group, PayPal, Shein Locations: China, IPOs

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