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Talent agency Endeavor (EDR.N), which owns the mixed martial arts business, will tag-team with Vince McMahon’s WWE in deal valued at some $21 billion. The merger unveiled on Monday creates a new publicly traded company 51% owned by Endeavor and 49% by WWE shareholders. On paper, the WWE enterprise gets the sweeter valuation, at around 24 times last year’s EBITDA, whereas UFC is pegged at 19 times. Instead, in the grand tradition of wrestling, McMahon and Endeavor boss Ari Emanuel are trying to appeal to shareholders with a more unconventional thriller. Under terms of the deal, WWE is being valued on the basis of $106 per share, implying an enterprise valuation of $9.3 billion, according to the companies.

☆ A NYC worker saw her company was hiring for her job title but paying up to $90K more—so she applied for it
▼ + stars: | 2023-03-11 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Because the company is hiring in NYC, which requires salary ranges on job listings, she saw that the intended pay for the new hire would be $32,000 to $90,000 more than her current salary. The Citi spokesperson adds the company has listed pay ranges on all U.S. job ads since mid-October. Following that discussion, Nguyen says the prospective company began undergoing layoffs and ended up rescinding their job offer. "As a contractor, I'm in a pretty vulnerable position," she adds. "The full-time employee conversion is being dangled in front of me like a reward that I'm not actually sure I'm guaranteed."

☆ Amazon creates bazaar for U.S. banking wannabes
▼ + stars: | 2023-01-24 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +3 min

The e-commerce goliath recently added to its growing pile of debt with an $8 billion loan. After first tapping the market’s biggest bookrunners, Amazon enlisted Canada’s TD Securities to shop the lesser-traveled byways around Wall Street for the follow-up deal. It’s easy to understand why the wannabes would jump at the chance to work with Amazon. Others such as BBVA, which offloaded its American subsidiary but kept its broker-dealer business, are keen to expand in U.S. investment banking. For Amazon, spreading the wealth is a chance to trial new banking relationships before potentially hiring them for more complicated matters.

☆ Holiday 2022: Online sales jump 3.5%, boosted by discounts
▼ + stars: | 2023-01-05 | by ( Melissa Repko | ) www.cnbc.com time to read: +1 min

Online sales during the holiday season jumped 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up their wallets. That spending marked a new record for e-commerce sales during the major retail season, according to Adobe. The overall spending got a boost from key shopping holidays, including $35.3 billion in online sales during Cyber Week, the five-day period from Thanksgiving to Cyber Monday. The latest holiday numbers come as retailers brace for a tougher year and weigh if consumers are running out of gas. In a separate report, which includes in-store spending, holiday sales rose 7.6% in stores and online from Nov. 1 to Dec. 24, according to data from Mastercard SpendingPulse.

☆ Cassidy Hutchinson said her 'QAnon fans' aunt and uncle considered refinancing their home to help pay her legal bills so she could stay away from 'Trump world'
▼ + stars: | 2022-12-24 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Former White House aide Cassidy Hutchinson testified she was "scared" about getting a lawyer from Trump world. Hutchinson told the January 6 committee she contacted family she didn't even speak to to get help. Hutchinson described the situation in testimony she gave on September 14, a transcript of which was released by the committee on Thursday. In her testimony, Hutchinson said Passantino pressured her to withhold information from the committee, and that others connected to Trump dangled the possibility of a job over her. "I believed Ms. Hutchinson was being truthful and cooperative with the Committee throughout the several interview sessions in which I represented her."

Ali Alexander said he believed White House wanted him to lead rallygoers to Capitol "Stop The Steal" organizer Ali Alexander believed the White House wanted him to lead attendees of Trump's Jan. 6 rally to the Capitol, the report said. Alex Jones, who has claimed the White House told him to lead the march, texted Wren at 12:27 p.m. Finally one of the staffers told Trump they thought he should focus on his speech. Trump told Jan. 6 demonstrators at the Capitol in a Twitter video that he loved them but that they should go home. The information was expected to be available as soon as Thursday — the day the House Jan. 6 committee is set to issue its final report on the riot.

☆ Cassidy Hutchinson Googled "Watergate" to help decide whether to cooperate with January 6 committee
▼ + stars: | 2022-12-22 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +4 min

The committee released a 138-page interview with Cassidy Hutchinson, an aide in the Trump White House. According to Hutchinson's testimony, released by the committee this morning, Passantino had pushed Hutchinson to give the committee as little information as possible. Hutchinson felt guilty that she wasn't giving the committee the whole truth. "So then I'm like, 'Oh shit," the 26 year-old Hutchinson told the committee. "The emphasis he placed on the moral questions that he was asking himself resonated with me," Hutchinson told the committee.

[1/2] People visit a retail store during the holiday season in New York City, U.S., December 15, 2022. So far, shopper visits to many retail segments, including apparel and electronics, are down year-over-year, according to foot-traffic data from Placer.AI. Zara, the fast-fashion chain, aggressively raised prices this year without turning off shoppers, while dollar stores including Dollar General (DG.N) expanded their array of merchandise. Dollar stores have also shown momentum as more consumers traded down. Discount and dollar stores saw visits up 1.1% year-over-year, and up 7.8% compared to Super Saturday 2019, according to Placer.AI foot-traffic data.

☆ Trump allies dangled a job before a Jan. 6 committee witness that would make her 'financially very comfortable' before her testimony, committee says
▼ + stars: | 2022-12-19 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

The House January 6 committee uncovered evidence that Trump allies dangled a job before a witness. The witness described the offer as a job that would make her "financially very comfortable." The witness described the potential job as one that would make her "financially very comfortable," Lofgren said. The committee, Lofgren added, uncovered evidence that groups associated with the former president helped pay for lawyers for some of the witnesses that testified before Congress. The committee has promised to release its full report and supporting evidence, including transcripts from testimony, in the coming days.

☆ 'The White Lotus': The show's most cringeworthy moments
▼ + stars: | 2022-12-10 | by ( Dan Heching | ) edition.cnn.com time to read: +8 min

(“White Lotus” and “Enlightened” are from HBO, which like CNN is part of the same parent company, Warner Bros. Tanya usurps a boat ride to NOT spread her mother’s ashesJennifer Coolidge (center) in 'The White Lotus' Season 1. Valentina gives Isabella a lavish (and hideous) brooch as a giftSabrina Impacciatore (L) and Eleonora Romandini in 'The White Lotus' Season 2. With White Lotus Sicily manager Valentina (Sabrina Impacciatore), White has beautifully constructed a driven and capable employer who nonetheless has quite a huge blindspot. Kai gets caught stealingKekoa Scott Kekumano in 'The White Lotus' Season 1.

☆ American consumers got holiday shopping off to a strong start
▼ + stars: | 2022-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Shoppers returned to physical stores on Black Friday after avoiding much of in-person shopping the last two holidays due to Covid-19 concerns. Cyber Monday is the biggest online shopping day of the year, and this year set a new annual sales record. “It spurred online spending to levels that were higher than expected.”Retailers have dangled promotions to drive consumer demand and unload excess inventory. Consumers making more than $100,000 a year drove spending over the holiday weekend, Shay said on a call with reporters Tuesday. Overall, the National Retail Federation projects holiday sales to increase up to 8% from a year ago.

The estimate from Adobe Analytics predicts an increase of up to 8.5% from a year earlier. Adobe Analytics measures e-commerce performance by analyzing purchases at 85% of the top 100 internet retailers in the United States. Both Adobe and MasterCard Spending Pulse are expected to release their updated Cyber Monday spending estimates on Tuesday. Americans have put off holiday shopping for weeks in the hopes of finding deeper post-Thanksgiving markdowns. Last year, Cyber Monday sales fell 1.4%, according to Adobe Analytics, as retailers kicked off holiday promotions early to avoid product shortages amid a global shipping crisis.

☆ How small-town Maine embraced a family that fled the Taliban
▼ + stars: | 2022-11-18 | by ( Elyse Lightman Samuels | ) www.businessinsider.com time to read: +36 min

CAPE ELIZABETH, Maine — Last November, at about midnight, Omid was lying in bed in his new home in Cape Elizabeth, Maine — exhausted, but unable to sleep. On this night, and on many nights during Omid's first few months in Maine, Nasir was soon at his door. Omid's family arrived in Maine just before Halloween in 2021 and recently celebrated one year in Maine. Catholic Charities, the local refugee-resettlement organization in Maine, was working with Omid's family to help them resettle. After Omid's family escaped Kabul, members of his extended family came by to collect some of their more precious items, and gave other things away.

☆ Laxalt's fiery closing pitch illustrates Nevada GOP's pro-Trump transformation
▼ + stars: | 2022-11-04 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +10 min

“I have more steak knives in my back from Republicans that have turned on us and stepped on us for their own benefit,” Nevada GOP Party Chair Michael McDonald said at a recent event in Reno. In 2020, Biden carried Nevada by just more than 33,000 votes via a similar path of winning Clark and Washoe counties. "The Republican Party has lost its mind," Cashell said. “Here in Washoe County, we have made it abundantly clear that if you as a Republican damage the Republican brand, there are consequences,” Washoe County GOP Chair Bruce Parks said in an interview. The county, as well as other Republican county organizations in Nevada have formally censured Republicans, like former GOP party chair Amy Tarkanian, after she endorsed two Democrats in Tuesday’s election.

☆ Steve-O from ‘Jackass’ talks about his craziest stunt yet: Self-help author
▼ + stars: | 2022-09-28 | by ( Marianne Garvey | ) edition.cnn.com time to read: +4 min

CNN —It’s not that Steve-O wants to die. And I say he was young, he looked great, he’d never been in any financial distress, he was on top of the world,” Steve-O explains. And I was mad at the idea of dying – like, not only am I gonna die young having failed, but like, everybody’s gonna die,” he says. “It’s a book of wisdom, which I’ve gleaned from clearly a lifetime of terrible decisions,” he says, laughing. The idea at work in the book, he says, is to help, but also poke fun and the ridiculousness of him being a self-help author.

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