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☆ JCPenney was once a shopping giant. Can it make a comeback?
▼ + stars: | 2022-11-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +14 min

People walk past a JCPenney store at the Queens Center Mall in New York in 2016. The Denver Post/Getty Images Shoppers hurry across an intersection in front of a JCPenney store in Denver in 1964. Anne Cusack/The Los Angeles Times/Getty Images Customers shop at a new JCPenney store in New York in 2009. Mary Altaffer/AP A customer goes down an escalator at a JCPenney store in Westminster, Colorado, in 2009. Don Emmert/AFP/Getty Images JCPenney CEO Jill Soltau speaks during an interview in Fort Worth, Texas, in 2019.

☆ Your Bachelorette Party Is Going to Be How Far Away? And Cost How Much?
▼ + stars: | 2022-11-26 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

Courtney Stewart ’s closest friends have had a big year. And all at the same time. Ms. Stewart attended five weddings this past year and will attend six or seven next year. But that wasn’t the extent of her wedding-related travels. Cue the bachelorette parties.

☆ Football or soccer? It’s complicated …
▼ + stars: | 2022-11-26 | by ( Allison Rosen | ) edition.cnn.com time to read: +4 min

Football, or soccer, has been around for centuries with its roots dating back over 2,000 years ago, but it was not until 1863 that England’s Football Association (the FA) cemented the sport’s full name of Association Football when they established the game’s first rules. Courtesy of U.S. Soccer and National Soccer Hall of FameBy the time association football and its round ball made its way across the Atlantic, American Football was already the popular game claiming the name of football. Unlike association football, American football is a game played mostly with one’s hands and uses an oval ball. Fast forward to 1974 and the United States Soccer Football Association (USSFA) – the sport’s governing body in the US – distanced itself from the word football by changing its name to the United States Soccer Federation, commonly referred to as the USSF (US Soccer). In places where football can be ambiguous, soccer is usefully precise.”In 1994, soccer fever reached a highpoint as the US hosted the World Cup.

☆ How a CoinDesk scoop led to the fall of Sam Bankman-Fried and implosion of FTX
▼ + stars: | 2022-11-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

Allison had obtained a financial document that showed 30-year-old SBF had engaged in shady behavior to use his crypto company, FTX, to prop up his separate investment firm, Alameda. That he didn’t say a thing.”That silence was likely because SBF knew CoinDesk had uncovered something big. After the scoop, SBF’s chief competitor, Binance, suggested it would rescue the company through an acquisition. But in a second major scoop that led to FTX’s implosion, Allison learned that the crucial deal would not happen. “It was definitely a cold hands [moment] — not because I thought [the scoop] was wrong, but because I knew it was right.

☆ How FTX's implosion put crypto news sites like CoinDesk, The Block, and Decrypt in the spotlight as they work to fend off an ad slump and conspiracy theories about their coverage
▼ + stars: | 2022-11-24 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com time to read: +15 min

Crypto news sites like CoinDesk, The Block, and Decrypt have dominated coverage of the FTX implosion. Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. "We cover the good, the bad and the ugly," Dan Roberts, the editor-in-chief of Decrypt, told Insider. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet.

☆ FTX's financial mismanagement comes under the microscope
▼ + stars: | 2022-11-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN Business —The full extent of FTX’s financial disarray is becoming clearer as the failed crypto exchange’s new management combs for cash as part of the bankruptcy process. FTX, formerly one of the most trusted brands in crypto, filed for bankruptcy earlier this month. The updated figure underscores what FTX’s new chief executive described last week as a total lack of centralized cash controls under the management of Bankman-Fried. The report cited unnamed sources; Genesis didn’t immediately respond to CNN Business’ request for comment. When asked for comment, a BlockFi representative referred CNN Business to the company’s previous statement on its blog, reiterating that there were “a number of scenarios” under consideration.

☆ The story of Sam Bankman-Fried's FTX implosion put crypto news sites like CoinDesk and The Block on the map. Inside their plan to fend off an ad slump and conspiracy theories — and keep winning.
▼ + stars: | 2022-11-21 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com time to read: +14 min

Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. Crypto media kicks into overdriveRoberts said Decrypt's traffic doubled during the first week of the FTX saga. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet. "It's now a situation where the crypto media has egg on their face.

☆ Disney’s tale of two Bobs
▼ + stars: | 2022-11-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

This was a big surprise Sunday night, for a few reasons:1) Iger has previously dismissed the idea of going back to Disney. Then, he kept going: Iger’s Disney acquired Lucasfilm, home of the Star Wars franchise, for a little over $4 billion. Disney shares surged 9% Monday morning, reflecting investors’ hopes that Iger will swoop in and work his magic. The Trump news was no surprise — even before buying Twitter, Musk made clear he would reinstate Trump and rethink the site’s content-moderation policies. And if Musk’s strategy is to stoke controversy, he’s already brought out the big guns in letting Trump back on.

☆ The 10 people transforming transportation — from companies like Archer Aviation and Ford Pro
▼ + stars: | 2022-11-21 | by ( Business Insider | ) www.businessinsider.com time to read: 1 min

Eric Allison, Head of Product, Joby AviationJoby AviationAs the "Uber of the skies" starts pilot production of its vertical-takeoff-and-landing copter pods, Allison — who came to the company when it acquired Uber Elevate in late 2020 — is concerning himself with "all of the things that wrap around the airplane that are going to allow us to bring it to market," he said. That means connecting a flight in a Joby aircraft with other transportation services like commercial air travel. It also means navigating Federal Aviation Administration certification and other red tape to get its copter pods operational, and even convincing the people not using the aircraft to be OK with them flying above their heads.

☆ World Cup guide: Teams and players to watch
▼ + stars: | 2022-11-20 | by ( Ben Church | ) edition.cnn.com time to read: +8 min

Doha, Qatar CNN —In just over 24 hours, Qatar 2022 will burst into life as the host nation takes on Ecuador in the opening game of the World Cup. Tournament favoritesOnly eight nations have ever won the men’s World Cup, many of which are among the favorites this time around. After being knocked out by England in the Euro 2020 semifinals, the team waltzed through World Cup qualification, winning nine of its 10 matches and conceding only three goals. In addition to making its World Cup debut, Qatar is a relatively unknown quantity with most of its players spending their careers in the nation’s top league. He will be an important player in Japan’s World Cup campaign and has already been dubbed the ‘Japanese Lionel Messi’ back home.

☆ Collapsed FTX owes nearly $3.1 billion to top 50 creditors
▼ + stars: | 2022-11-20 | by ( ) edition.cnn.com time to read: +2 min

CNN Business —Cryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. The crypto exchange said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some businesses. FTX’s rapid collapse marked a stunning downfall for one of the biggest and most powerful players in the crypto industry. The Bahamian authorities have also taken control of cryptocurrency assets held by FTX Digital Markets, The Bahamas-based FTX unit that filed for Chapter 15 bankruptcy protection Tuesday.

He said the school’s student affairs office interviewed Jones’ roommate, who had not seen the suspect with a gun. It wasn’t clear if the school’s internal investigation of Jones possibly having a gun ended with that roommate’s interview. On Tuesday, university officials admitted they learned Jones had been convicted of a misdemeanor for a concealed weapons violation in 2021. Hingeley revealed in court Jones’ previous scrapes with the law. He attempted to purchase a Smith & Wesson M&P15-22, a .22-caliber rifle, but “failed the background check,” the owner said.

☆ I've made $305,000 in revenue in the last year as a money coach. Now the business pretty much runs itself — here's how I set it up by focusing on one new product.
▼ + stars: | 2022-11-19 | by ( Chloé Daniels | ) www.businessinsider.com time to read: +12 min

Chloé Daniels is a money coach who sells a course that makes her thousands a month. The gross revenue I made from my first year as a full-time business owner was $305,000, with about $45,000 of expenses. By recognizing I had to scale, bringing in an expert, and focusing on one funnel and one product. When I started shopping for a business coach, I was nervous because there are so many problematic business coaches who teach people how to run a business despite never having run a business before. So many content creators create a course or digital product and push it out to their audience without a funnel.

☆ These Airports Are Plagued by Delays, Long Security Lines and More. Here’s How They’re Fixing It.
▼ + stars: | 2022-11-18 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

The worst airport is the one you are stuck at when things go wrong. But some airports perform objectively worse than others, according to the WSJ airport rankings, which tracked performance at the 50 busiest in the U.S. Newark Liberty International was the worst-ranked among the 20 busiest airports, while New York’s LaGuardia took the bottom spot for the midsize group.

☆ The Airports Where Delays and Long Lines Are Worst
▼ + stars: | 2022-11-18 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

☆ Children's hospitals call on Biden to declare emergency in response to 'unprecedented' RSV surge
▼ + stars: | 2022-11-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

The president should declare an emergency under the Stafford Act or the National Emergencies Act, and the health secretary should declare a public health emergency, Wietecha and Del Monte wrote. ACEP described the situation as a public health emergency. Oregon this week became the first state to declare on emergency in response to the RSV surge. A national public health emergency would be determined based on countrywide data, science trends and the insight of public health experts, the spokesperson said. UPMC Children's Hospital in Pittsburgh has faced a huge surge in respiratory illnesses since September, said Dr. Raymond Pitetti, director of the hospital's emergency department.

☆ FTX: Inside the crypto giant's downfall
▼ + stars: | 2022-11-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +9 min

Crypto contagionThe crypto industry is on edge, waiting for the next dominoes to fall. Soon after FTX went down, crypto firms were inundated requests from customers seeking to claw their money back — the crypto equivalent of a run on the bank. The pain isn’t confined to crypto companies. SBF had become a fixture in Washington, too, where he regularly traveled to lobby lawmakers for greater regulatory clarity for the crypto industry. “It’s about fraud and the power of virtue signaling.”He added: “This scandal, far from destroying crypto, practically ensures that crypto will be around for a long, long time.”

☆ Leonid meteor shower: Fast, bright meteors light up the night sky
▼ + stars: | 2022-11-17 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +4 min

CNN —Known as some of the fastest meteors around, the Leonids blaze across the night sky annually during the month of November. Historically, they are considered to be one of the most impressive meteor showers on record, largely due to the meteor storm they form roughly every 33 years, causing thousands of meteors to rain down in the night sky. On Thursday night, the shower is expected to peak at 7 p.m. The Leonid meteor shower is active through December 2, alongside the tail end of the North Taurid meteor shower. Around their peak, sky gazers could potentially observe 10 to 15 meteors per hour.

☆ Lawyer who managed Enron bankruptcy says he’s never seen such a ‘complete failure’ as FTX
▼ + stars: | 2022-11-17 | by ( Allison Morrow | ) edition.cnn.com time to read: 1 min

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☆ Cancer diagnoses lag after screenings fall during pandemic, U.S. study finds
▼ + stars: | 2022-11-17 | by ( Shawana Alleyne-Morris | ) www.reuters.com time to read: +2 min

The decrease in diagnoses "does not mean these cancers are suddenly less common," said study leader Allison Oakes of data analytics company Trilliant Health in Brentwood, Tennessee. By the end of 2021, screening rates had rebounded but were still below pre-pandemic levels, researchers reported in JAMA Oncology. Ongoing analysis of 2022 data suggests screening rates in 2022 are unlikely to have improved dramatically, Oakes said. The issue appears to go beyond cancer testing, the study found. "Not only are people missing their annual cancer screenings, but they are using less primary care," Oakes said.

☆ Real-estate tech firms are getting hammered by a cataclysmic reckoning that one VC called a cross between the 2001 dot-com bust and the 2008 market crash
▼ + stars: | 2022-11-16 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

The proptech sector is battling two challenges at once: a slowing housing market and a tech bust. For almost a decade, a growing group of companies have thrived by introducing tech innovations to a stubbornly analog real-estate industry. "Now we're seeing something that feels like a confluence between the 2001 dot-com bust in the venture-capital world and the 2008 market crash in real estate. Shares of both Opendoor and Redfin, which once drew investor attention to the soaring proptech industry, are worth roughly one-tenth what where they were a year ago. The company hasn't laid off any of its 300-person staff — including a roughly 50-person tech team — and doesn't plan to, Matthews said.

☆ Tom Brady and Gisele Bundchen named in lawsuit against FTX
▼ + stars: | 2022-11-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Genesis said it was working with advisers “to explore all possible options,” adding that it would release a plan for the lending business next week. “We’re working tirelessly to identify the best solutions for the lending business, including among other things, sourcing new liquidity,” the company said. The suspension comes as the entire crypto industry is on edge following the unraveling of Sam Bankman-Fried’s FTX exchange and Alameda Research hedge fund, both of which filed for bankruptcy late last week. On Wednesday an FTX investor sued Bankman-Fried as well as several celebrities who have endorsed the platform, including Tom Brady, Gisele Bundchen and Steph Curry. “The deceptive FTX platform maintained by the FTX entities was truly a house of cards,” the proposed class-action lawsuit states.

☆ Yosemite National Park Drops Its Reservation System, Reversing a Recent Trend
▼ + stars: | 2022-11-15 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

Yosemite National Park was among the top 25 most-visited National Park Service sites in 2021, and the eighth-most visited national park. Yosemite National Park won’t use a reservation system in 2023 after using one the previous three summers, officials from the California destination announced on Twitter on Tuesday. The social-media posts said the park has been dealing with an overflow of people and cars for decades. It had previously required reservations because of the pandemic, and to facilitate repairs.

☆ Still not sure what crypto is? Join the club
▼ + stars: | 2022-11-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +10 min

The original crypto, bitcoin, emerged in 2009, out of the ashes of the worst financial crisis in modern history. The term “crypto” harkens to the way the networks are secured, using cryptographic systems (think: really, really elaborate encryptions) that make the tokens virtually impossible to counterfeit. Once the transaction is verified by the network it is stored — forever — in an immutable “block.”Bottom line: Blockchain is the underlying technology of the crypto world. And like, sure, people are starting to adopt blockchain systems outside the world of crypto, and they do seem to hold promise. The bitcoin network went public in 2009, created by an anonymous developer (or group of developers) using the name Satoshi Nakamoto.

☆ FTX collapse: The latest updates on the cryptocurrency crisis
▼ + stars: | 2022-11-14 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

New Delhi CNN Business —Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to be felt on Monday. The episode has not just destroyed confidence in the crypto industry, but it will also embolden global regulators to tighten the screws. There is a “lot of risk,” said Changpeng Zhao, who runs the crypto exchange Binance. On Saturday, FTX said it was looking into whether crypto assets were stolen and has since moved all its digital assets offline. Crypto risk management firm Elliptic said although the theft was unconfirmed, $473 million in crypto assets were apparently stolen from FTX.

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