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AdvertisementFederal officials raided the Los Angeles and Miami homes of Sean Combs on Monday. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way. Within the first two years of the partnership, annual sales grew from 75,000 to 400,000 cases, according to a lawsuit Combs filed against Diageo last year. "She recognized that she was powerless, and that reporting Mr. Combs to the authorities would not alter Mr. Combs's status or influence but would merely give Mr. Combs another excuse to hurt her." AdvertisementIn a separate lawsuit filed in November, Joi Dickerson-Neal alleges that Combs drugged and assaulted her in 1991.
Persons: Sean, Diddy, Combs, He's, , Sean Combs, Casandra Ventura, Ventura, Cassie, Rodney Jones Jr, Lil Rod, groping, Aaron Dyer, Mr, Craig Mack, Faith Evans, Mase, B.I.G, Forbes, Sean Jean, they'd, DeLeon, He'd, Mark Wahlberg, Ciroc, Ethan Miller, Zack O'Malley Greenburg, Jay, — he's, he's, Kerry James Marshall, Andy Warhol, Keith Haring, Jean, Michel Basquiat, Joi Dickerson, Neal, Jane Doe Organizations: Service, Federal, Federal Homeland Security, AP, Business, Bad Boy Records, Uptown Records, East, Bad, Arista Records, Global Brands Group, Diageo, of, Hulu, Combs Enterprises Locations: Los Angeles, Miami
The United States vs. the iPhone
  + stars: | 2024-03-26 | by ( Sabrina Tavernise | David Mccabe | Carlos Prieto | ) www.nytimes.com   time to read: 1 min
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicLast week, the Justice Department took aim at Apple, accusing the company of violating competition laws with practices intended to keep customers reliant on their iPhones. David McCabe, who covers technology policy for The Times, discusses the latest and most sweeping antimonopoly case against a titan of Silicon Valley.
Persons: David McCabe Organizations: Spotify, Justice Department, Apple, The Times Locations: Valley
All of this has given rise to climate adaptation, a sector that aims to mitigate against and adapt to the risks associated with climate change. For James Brennan and Navjit Sagoo, two of the scientists behind climate risk analytics startup Climate X, it is imperative that adaption efforts go hand in hand with those working to curb rising temperatures. Indeed, Bank of America analysts predicted the climate adaptation industry would be worth $2 trillion a year by 2026. Climate X made its calculations based on the UN's Intergovernmental Panel on Climate Change's RCP8.5 scenario, which has been deemed to be a "very high" baseline for emissions. Mike Segar/ReutersAll hands on deckThe need for climate adaptation is clear but often overlooked until an extreme weather event occurs, according to Landesman and Chaudhury.
Persons: , James Brennan, Navjit Sagoo, Abrar Chaudhury, Autarc, Bill Gates, Tucker Landesman, Helge Jørgensen, Mike Segar, Brennan, Sagoo Organizations: Service, Business, Bank of America, Climate, X, Deloitte, University of Oxford's, Business School, New York Times, New, London, Fabian Society, Tech, Breakthrough Energy Ventures, Goldman Sachs, Management, Air, International Institute for Environment, Development Locations: London, New York City, New York, California, Autarc , Massachusetts, Medellin, Colombia, Europe, PitchBook, Mamaroneck, Westchester County , New York, U.S
BlackRock’s chief wants to rethink a fiscal time bombAs the chairman and C.E.O. In his latest letter to investors, published on Tuesday, Fink weighs in on a new topic: a looming global retirement crisis, and what can be done to address it. The way retirement is handled around the world needs to change, Fink writes. In the U.S. in particular, people are living longer, a trend that’s likely to grow given the advent of weight loss drugs like Wegovy, Fink writes. But he adds that four in 10 Americans don’t have $400 in emergency savings, let alone proper retirement funds.
Persons: Larry Fink, Fink Organizations: BlackRock
O'Leary said the company found leftover tools and missing seat handles in new Boeing planes. AdvertisementThe boss of Europe's largest airline told CNN last week that it would regularly find leftover tools under the floorboards of Boeing planes, as well as missing seat handles. "In 2022 and 2023, we were finding little things like spanners under the floorboards, in some cases, seat handles missing, things like that," O'Leary told CNN on March 20. The Ireland-based low-cost carrier only flies Boeing aircraft and is one of the aircraft manufacturers' biggest customers. Related storiesThis isn't the first time O'Leary has said there's a lack of quality control on Boeing planes.
Persons: Michael O'Leary, O'Leary, , David Calhoun Organizations: Boeing, Ryanair, Service, CNN, Europe's, Alaska Airlines Locations: Dublin, Ireland, Seattle
Squatters who took over a Beverly Hills mansion for five months seemed to take the saying literally. The squatters made money off of the home by hosting parties with entrance fees from $500 to $1,500, Curbed reported. According to Curbed, Yamout purchased the home in 2021 from Notre Dame Properties, which is allegedly "controlled" by Uwaydah. AdvertisementYamout took legal action against the squatters, filing an unlawful detainer lawsuit to evict them, Curbed reported. Gargiulo told Curbed that he has no regrets about living in the mansion or the headaches he brought the residents of Beverly Grove Place.
Persons: , Morgan Gargiulo —, Gargiulo, John A, Woodward IV, LeBron James, Jennifer Lopez, Ben Affleck, Woodward, didn't, he'd, Adel Yamout, Yamout, Damon Dash, Munir Uwaydah, Michael, Harry, Harris, Donald Trump, I've Organizations: Service, Beverly Hills, Beverly, Los Angeles, Row Records, Notre Dame Properties, Uwaydah, Business Locations: Los, Los Angeles, Beverly, Beverly Hills, Beverly Grove, Woodward, California
Read previewFederal officials raided the Los Angeles and Miami homes of Sean Combs on Monday. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way. Mr. Combs is innocent." Within the first two years of the partnership, annual sales grew from 75,000 to 400,000 cases, according to a lawsuit Combs filed against Diageo last year. "She recognized that she was powerless, and that reporting Mr. Combs to the authorities would not alter Mr. Combs's status or influence but would merely give Mr. Combs another excuse to hurt her."
Persons: , Sean Combs, Combs, Casandra Ventura, Ventura, Cassie, Rodney Jones Jr, Lil Rod, groping, Aaron Dyer, Mr, Diddy, Craig Mack, Faith Evans, Mase, B.I.G, Forbes, Sean John, they'd, DeLeon, He'd, Mark Wahlberg, Ciroc, Ethan Miller, Zack O'Malley Greenburg, Jay, — he's, he's, Kerry James Marshall, Andy Warhol, Keith Haring, Jean, Michel Basquiat, Joi Dickerson, Neal, Jane Doe, Sean Jean Organizations: Service, Federal Homeland Security, AP, Business, Bad Boy Records, Uptown Records, East, Bad, Arista Records, Global Brands Group, Diageo, of, Hulu, Combs Enterprises Locations: Los Angeles, Miami
CNN —The Supreme Court on Tuesday will hear its first abortion case since the 2022 reversal of Roe v. Wade and upheaval of reproductive rights in America. All the while, public regard for the Supreme Court has degenerated. Supreme Court Justice Stephen Breyer is photographed at his home in Cambridge, Massachusetts, in September 2015. Dirck Halstead/The LIFE Images Collection/Getty Images Breyer and his daughter Chloe jog with Clinton in May 1994. Mai/The LIFE Images Collection/Getty Images Breyer works in his office with his staff of clerks in June 2002.
Persons: Roe, Wade, Joe Biden, Donald Trump, Dobbs, Biden, Elizabeth Prelogar, mifepristone, Prelogar, what’s, , Susan B, Anthony Pro, , Evelyn Hockstein, Breyer, Stephen Breyer, Justice Ketanji Brown Jackson, Samuel Alito, Hodges, Trump, , ” Breyer, Damon Winter, Stephen, Irving, Anne, Charles ., Chloe, Nell, Michael —, Joanna Breyer, Ira Wyman, Sygma, Byron White, Ruth Bader Ginsburg, John Harrington, Joanna, John Tlumacki, Bill Clinton, Clinton, Harry Blackmun, Dirck Halstead, Doug Mills, US Sen, Ted Kennedy, Laura Patterson, John Blanding, Colin Powell, George W, Bush, Mai, David Hume Kennerly, Seuss, Evan Vucci, Charles, Marcio Jose Sanchez, William Rehnquist, Clarence Thomas, David Souter, William Kennedy, Antonin Scalia, Sandra Day O'Connor, John Paul Stevens, Chip Somodevilla, John Roberts, Pablo Martinez Monsivais, Samuel Alito's, Gerald Herbert, Cole Mitguard, Mourning, Penni Gladstone, Clara Scholl, Elise Amendola, Nicholas Kamm, Michelle Obama, Barack Obama, Alex Wong, ABC's George Stephanopoulos, Heidi Gutman, Andrew Harrer, Hu Jintao, Eli, Shutterstock Breyer, Britain's Prince Charles, Mandel Ngan, Tom Williams, Carolyn Kaster, Ben Bradlee, Bill O'Leary, Pete Marovich, Stephen Colbert, Jeffrey R, Win McNamee, Elena Kagan, Neil Gorsuch, Anthony Kennedy, Sonia Sotomayor, Maureen Scalia, Andrew Harnik, Brett Kavanaugh, Amy Coney Barrett, Erin Schaff, Abraham Lincoln, George Washington, Saul Loeb, Ketanji Brown Jackson, Patrick, Fred Schilling, Matthew Kacsmaryk, Erin Hawley, GYN, Organizations: CNN, Alabama Supreme, Republican, Food, Drug Administration, FDA, Jackson, Health Organization, District of Columbia, America, United States Conference of Catholic Bishops, Alamo Women's, Reuters, Supreme Court, Democratic, Supreme, New York Times, Harvard Law School, Appeals, First Circuit, Circuit, Getty, White House, Airport, Boston Globe, US, Suffolk University Law School, Francisco's Lowell High School, San Francisco Chronicle, Belgium's Catholic University of Louvain, Georgetown University Law Center, Administrative, Administrative Conference of, Jewish American Heritage Month, Walt Disney Television, Bloomberg, White, Office, Committee, Washington Nationals, Washington Post, Financial Services, General Government, CBS, State, The New York Times, Library of Congress, Alliance, Hippocratic, Alliance for Hippocratic, OB, Department, Justice Locations: America, New York, Carbondale , Illinois, Cambridge , Massachusetts, Maine , Massachusetts, New Hampshire, Puerto Rico, Rhode Island, AFP, San Francisco, Lowell, Washington , DC, United States
Kevin O'Leary said the threat of Donald Trump losing his New York assets is spooking investors. Speaking on Fox News on Friday, O'Leary said Trump should've been given more time to scrape up his $454 million bond. O'Leary said the idea that Trump's assets can be seized on such short notice has undermined the "American brand." AdvertisementEarlier this month, the former president successfully paid a $92 million bond as part of E. Jean Carroll's defamation case against him. Representatives for O'Leary, James' office, and Trump's campaign did not immediately respond to requests for comment sent outside regular hours by Business Insider.
Persons: Kevin O'Leary, Donald Trump, O'Leary, Trump, , Letitia James, Donald Trump's, Laura Ingraham, Ingraham, " O'Leary, Judge Arthur Engoron, James, Justin Trudeau, who's, Trump's, Jean Carroll's Organizations: New, Fox News, Service, Conservative Party, United, Trump, Twitter, Business Locations: New York, American, York, America, Canadian, Canada, Ireland, United Arab Emirates, Westchester County
While he is earning more, Burton feels that life in London can be stressful and lonely. AdvertisementThis as-told-to essay is based on a conversation with Michael Burton, a 28-year-old quantity surveyor from Ireland who moved to London in 2023. Courtesy of Michael BurtonIn 2018, I left Ireland after graduating from university and moved to London. AdvertisementI lived in London until COVID hit in 2020 and then moved back to Ireland. If they are as strong as I believe, then moving to a different place shouldn't really affect them.
Persons: Michal Burton, Burton, he'll, , Michael Burton, COVID, There's, wouldn't, I'd, Michael Burton London, I'm, I've, hasn't Organizations: Service, Ireland Locations: Ireland, London, Lisbon, Enniskerry, Wicklow, It's, Dublin, East London, COVID, Tooting, Balham, Wandsworth
Boeing announced Monday that its chief executive, David Calhoun, would step down at the end of 2024 as part of a broad management shake-up, as the aircraft maker grapples with its most significant safety crisis in years. Boeing also announced that its chairman, Larry Kellner, would not stand for re-election. The board elected Steve Mollenkopf, an electrical engineer by training and the former chief executive of Qualcomm, as its new chairman. In that role, he will lead the process of choosing Boeing’s next chief executive. The management overhaul comes less than three months after a panel, known as a door plug, blew off a Boeing Max 9 during an Alaska Airlines flight on Jan. 5.
Persons: David Calhoun, Stan Deal, Stephanie Pope, Larry Kellner, Steve Mollenkopf, Boeing’s Organizations: Boeing, Qualcomm, Boeing Max, Alaska Airlines
Obamacare — signed into law on March 23, 2010, although many of its provisions didn’t kick in until 2014 — you probably wouldn’t have been able to get health insurance. Today you can, thanks to provisions in the law that prevent insurers from discriminating based on medical history and that subsidize insurance premiums for many Americans. And President Biden strengthened the program, notably by extending provisions eliminating the “cliff” that cut off subsides for many middle-class Americans. and almost succeeded in passing a bill that the Congressional Budget Office estimated would have left 22 million more Americans uninsured by 2026. wins control of Congress and the White House in November, it will once again try to bring back the bad old days of health coverage.
Persons: Obamacare —, Biden, Donald Trump, John McCain —, Trump Organizations: Republicans, Congressional, White House, Republican Party
Ms. Yahyaoui’s compelling background helped her stand out among entrepreneurs when she moved in 2018 to San Francisco, where she founded a student aid start-up called Mos. The app hit the top of Apple’s App Store and Ms. Yahyaoui raised $56 million from high-profile investors, including Sequoia Capital, John Doerr and Steph Curry, according to PitchBook, which tracks start-ups. In podcasts, TV interviews and other media, Ms. Yahyaoui, 39, frequently discussed Mos’s success. But internal company data viewed by The New York Times showed that as of early last year, only about 30,000 customers had paid for Mos’s student aid services. Less than 10 percent of Mos’s roughly 153,000 bank users had put their own money into their accounts, the data showed.
Persons: Amira Yahyaoui, Yahyaoui, John Doerr, Steph Curry, Mos Organizations: Sequoia Capital, The New York Times, TechCrunch Locations: Tunisian, Algerian, San Francisco
Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shakeup Monday after a series of mishaps at one of America's iconic manufacturers. Stephanie Pope, the company's chief operating officer for less than three months, has taken over leadership of the key division. Boeing has been under intense pressure since early January, when a panel blew off a brand-new Alaska Airlines 737 Max. Airline executives have expressed their frustration with the company, and even minor incidents involving Boeing jets have attracted extra attention. Pope, 51, was promoted to Boeing chief operating officer only in January.
Persons: David Calhoun, Stan Deal, Stephanie Pope, Lawrence Kellner, Calhoun, , Max, , ” Calhoun, Dennis Muilenburg, Brian West, Steven Mollenkopf, Jason Gursky, Pope, Gursky, Richard Aboulafia, Patrick Shanahan —, Trump, AeroSystems, ” Cai von Rumohr, Cowen, Michael O’Leary, he’s, Michelle Chapman Organizations: Qualcomm, Boeing, Alaska Airlines, Max, Federal Aviation Administration, FAA, Citi, U.S, Defense, Irish, Ryanair, , Boeing Co, AP Locations: Seattle, Indonesia, Ethiopia, Arlington , Virginia, Alaska, Calhoun, New York
Sam Bankman-Fried bilked FTX customers out of over $8 billion, according to prosecutors. AdvertisementAccording to federal prosecutors, Sam Bankman-Fried orchestrated one of the biggest criminal frauds in the history of the world. According to his lawyers, FTX's customers might get all their money back. According to prosecutors, Bankman-Fried was responsible for more than $11 billion in fraud overall between FTX customers and investors in FTX and Alameda Research. The recovered calculations, too, distort how much money customers are actually getting back.
Persons: Sam Bankman, , Fried, FTX, John J, Ray III, Ray, Lewis Kaplan, Kaplan, Sarah Krissoff, Cozen O'Connor, Krissoff, it's, Sarah Silbiger, Bankman, bitcoin, Rachel Maimin, Lowenstein Sandler, Barbara Fried, Mark Cohen, Jane Rosenberg Bankman, Maiman, Maimin, Caroline Ellison Organizations: Service, FTX, Bankman, Alameda Research, US, United States, Second Circuit, U.S . House Financial, Capitol, Reuters, K5 Global, Prosecutors, Wall, REUTERS, Business, of Prisons, Alemda Research Locations: FTX, Manhattan, New Jersey, New York, Washington , U.S
If you’re trying to guess whether people are Republicans or Democrats, knowing a few basic facts about them will take you a long way. What part of the country do they live in and is their community urban, suburban or rural? Between 2016 and 2020, for example, white Americans without college degrees favored the Republican Party by nearly 24 percentage points. Or consider gender and attitudes about crime and public safety: Men are about 10 percentage points more supportive than women of the death penalty and 10 percentage points less supportive of gun control. Relative to Latino Americans, non-Latinos endorse “increasing deportation” as a partial solution by a 22-point margin.
Persons: Organizations: Republicans, Republican Party Locations: Maine
CNN —Teen sensation Endrick scored the winning goal as Brazil beat England on Saturday, putting him into the record books and alongside some of the greats of the Seleção. He almost had another goal in the dying moments of the game but was denied by England goalkeeper Jordan Pickford. He is also a player with whom Endrick has drawn comparisons due to their playing styles. “In the stadium where Pelé never managed to play … Endrick with his first international goal and a winning goal against England,” South American football expert Tim Vickery told BBC Radio 5 Live afterwards. The kid is a prodigy.”Endrick’s goal against England was an important one too, with it giving new Brazil manager Dorival Júnior his first victory in his debut in the role.
Persons: Endrick, Jordan Pickford, Wembley –, Ronaldo Nazario, Ronaldo –, ” Endrick, Brazil’s, “ I’m, Pelé, Tim Vickery, , Bobby Charlton, , Dorival Júnior, Lucas Paquetá Organizations: CNN, Brazil, England, Wembley, Brazil’s Globo, Reuters, Real Madrid, Brazilian, Palmeiras, Brazil national team, , ” South, BBC Radio Locations: Brazil, London, Real, Spain
Police made 573 arrests in Miami Beach last spring break and confiscated over 100 guns, per The Wall Street Journal. For some drivers, spring break is their ticket to a vacation of their own, but for others, the spring break slowdown has thrown their earnings for a loop. Many, like Jared S., 27, say they don't actively seek out spring breakers, though sometimes spring break rides can be profitable. AdvertisementBreaking up with spring breakMike McGrath, 57, is glad spring break is more under control this year. AdvertisementCapitalizing on spring break crowdsRenee said maximizing her earnings during spring break comes down to knowing when to be in certain areas.
Persons: Trent T, South Florida — Uber, it's, he's, Trent, He's, I'm, You'll, Jared S, Juan, Mike McGrath, McGrath, David Lowell, he'll, Lowell, Renee, Lyft, John D, John, Hiedi, Handford, Mark, there's, Marian O, Eliezer, Edgar Organizations: Service, South Florida —, Trent, Miami Beach, Police, Street, West Palm Beach, Miami, Delray, Facebook Locations: South Florida, Miami, Miami Beach, Florida, Fort Lauderdale, Palm Beach, Cuba, West Palm, South Beach, Delray Beach, Tennessee, Ubers, Boca Raton, Nicaragua, Venezuela
Georgia, with its long history of the suppression of Black voters, has been ground zero for fights about voting rights laws for decades. The result has been a slew of laws that included restrictions to voting, like limiting voting by mail and adding voter ID requirements. He found that the growing racial turnout gap since the Supreme Court’s decision in Shelby had been felt most acutely by younger voters across the country. In Bulloch County, Ga., Winston County, Miss., and Newberry County, S.C., the racial turnout gap among young voters grew by 20 percentage points or more between the 2012 and 2020 elections. Seeing a more substantial racial turnout gap among young voters cuts against some conventional wisdom about recent changes to voting laws.
Persons: Barack Obama, Lowndes County —, Georgia —, Michael Podhorzer, Lowndes, Obama, Holder, , Podhorzer, ” Podhorzer, Biden, Bernard Fraga, ” Fraga, Emily Elconin, Donald Trump, I’ve Organizations: Black, Republican, Justice Department, Brennan, Valdosta State University, Emory University, The New York Times, The Times, Times Locations: Georgia, Lowndes County, Shelby County, Shelby, Bulloch County ,, Winston County, Miss, Newberry County, S.C, Atlanta, Dearborn, Mich, Arizona , Georgia, Michigan, Nevada , Pennsylvania, North Carolina, Wisconsin, onpolitics@nytimes.com
Republicans who get their news from nonconservative mainstream media outlets are less likely to support Donald J. Trump than those who follow conservative outlets. And sizable numbers from the first group say they think Mr. Trump acted criminally, according to a recent New York Times/Siena College poll. This division could affect his standing among Republicans in the general electorate — a decidedly different group from G.O.P. One hundred percent of the Republicans in our poll who said they got their news from Fox News or other conservative sources said they intended to support Mr. Trump in the general election. This stands in contrast to Republicans whose main media sources are outlets like CNN and major news organizations: Seventy-nine percent of them plan to vote for Mr. Trump, and 13 percent said they planned to vote for President Biden.
Persons: Donald J, Trump, Biden Organizations: New York Times, Siena, Republicans, Fox News, CNN, Mr
There has been little evidence that Mr. Santos had done much campaign work or fund-raising for the contest. Nevertheless, he said he would stay in the race and take his “Ultra MAGA/Trump supporting values to the ballot in November as an independent.”If he does so, he could potentially draw some votes away from Mr. LaLota, which would benefit the undetermined Democratic candidate in a district that Donald J. Trump won by just under 2 points in 2020. Even so, neither Mr. LaLota nor Jesse Garcia, the Suffolk County Republican Party chairman, seemed particularly concerned by Mr. Santos’s threat. “George Santos is irrelevant to the electoral process,” Mr. Garcia said upon hearing the news, adding that the announcement was nothing more than a ploy for attention. Mr. LaLota said in a statement that just as Mr. Santos’s expulsion had been good for the nation, his resignation from the Republican Party was good for “common-sense conservatives.”
Persons: Santos, Ultra MAGA, Donald J, Trump, LaLota, Jesse Garcia, “ George Santos, Mr, Garcia, Santos’s, Organizations: Trump, Democratic, Suffolk County Republican Party, Republican Party Locations: Suffolk
The Supreme Court and Young Voter Turnout
  + stars: | 2024-03-22 | by ( Nick Corasaniti | ) www.nytimes.com   time to read: +1 min
Georgia, with its long history of the suppression of Black voters, has been ground zero for fights about voting rights laws for decades. The state has often seen stark differences in turnout between white and nonwhite communities, with the latter typically voting at a much lower rate. But not always: In the 2012 election, when Barack Obama won a second term in the White House, the turnout rate for Black voters under 38 in Lowndes County — a Republican-leaning county in southern Georgia — was actually four percentage points higher than the rate for white voters of a similar age. According to new research by Michael Podhorzer, the former political director of the A.F.L.-C.I.O., by 2020, turnout for younger white voters in Lowndes was 14 percentage points higher than for Black voters of the same age. It is impossible to tell for certain, with many variables, such as Obama no longer being on the ballot.
Persons: Barack Obama, Lowndes County —, Georgia —, Michael Podhorzer, Lowndes, Obama Organizations: Black, Republican Locations: Georgia, Lowndes County
Republicans in Congress continue sprinting for the exits. Representative Mike Gallagher, Republican of Wisconsin, announced on Friday afternoon that he would resign from Congress months earlier than expected on April 19, bringing the already minuscule Republican majority down to a lonely one vote. After his departure next month, Republicans will control 217 House seats to the Democrats’ 213, allowing the G.O.P. to afford only a single defection from the party line on votes when all members are present. He said simply that “after conversations with my family, I have made the decision to resign my position,” and that he had “worked closely with House Republican leadership on this timeline.”But leaders had not anticipated it.
Persons: Mike Gallagher, Gallagher, , Mike Johnson Organizations: Republican, Chinese Communist Party Locations: Wisconsin
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. AI catalysts ahead: The newsy Alphabet headline Friday was Wedbush adding the stock to its Best Ideas List and increasing its price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Morgan Stanley, Cramer, Claude, Abbott, Lululemon, It's, Goldman Sachs, Jonathan Kanter, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Google, Conference, Apple, Abbott Laboratories, Abbott Labs, Nokia, Target, Jim Cramer's Charitable Locations: Morgan
"Advertising on Reddit is rapidly evolving, and we are still in the early phases of growing this business," Reddit wrote in its IPO filing. The company said advertisers were attracted to Reddit due to its "high-intent" audience, much of which is hunting for product recommendations. And elsewhere, Reddit doesn't have the kind of e-commerce structure that Meta, TikTok, and Google have built, experts said. It has poached ad talent from companies like Pinterest and Meta to grow its ad business. Also last year, Jim Squires, a former longtime Meta ad exec, joined Reddit in a new role as EVP of business marketing and growth.
Persons: it's, Reddit, Reddit hasn't, Brad Kay, Reddit didn't, haven't, TikTok, Jerry Daykin, Daykin, Carly Carson, Reddit doesn't, Anthony Macro, Harold Klaje, Klaje, Jim Squires, Jeff MacDonald, That's, MacDonald, PMG's Carson Organizations: Google, Business, Brand, Meta, Beam Suntory, PPC, Reddit, YouTube Locations: Meta
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