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☆ Ronaldo v Messi: the last dance in Saudi Arabia or a fresh start?
▼ + stars: | 2023-01-18 | by ( Shady Amir | ) www.reuters.com time to read: +3 min

Messi's Paris St Germain take on a combined Al Hilal-Al Nassr team in an exhibition match, giving Ronaldo and Messi a chance to rekindle their old 'El Clasico' rivalry when they played for Real Madrid and Barcelona, respectively. Mohammed Al-Jadaan, Saudi Arabia's Minister of Finance, had recently indicated that the door was open for moves by Saudi clubs to try and sign both of soccer's biggest stars. Messi and Ronaldo won every Ballon d'Or award from 2008-2017 until Real Madrid midfielder Luka Modric broke their hegemony and the Argentine has since won two more to lead 7-5 over his Portuguese rival in the race to be the world's best player. Should the Argentine move to Saudi Arabia, Thursday's encounter between the sport's two biggest stars of the modern era could signal the dawn of a new age in Asian football. Reporting by Shady Amir; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Bank of America downgrades logistics stock XPO, cites worsening outlook for smaller freight loads
▼ + stars: | 2023-01-03 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Analyst Ken Hoexter downgraded shares of XPO to neutral from buy, and lowered his price target, saying the logistics company will have to contend with a tougher outlook for less-than-truckload shipping. "We target XPO shipments/day to fall 3% year-year in 4Q22e and 2023e," Hoexter wrote. "LTL volumes are increasingly challenged, evident in ODFL and SAIA mid-quarter updates where daily tonnage for Oct/Nov was -9%/-7% and -8%/-9% year-year, respectively. FedEx also saw accelerating declines in LTL volumes (see F2Q23 Note) with shipments down 11% in Nov from -3% in June." The analyst roughly halved his price target, down to $35 from $60, implying shares have just 5% upside from Friday's closing price.

☆ Barbie's creator wanted Ken to have more of a 'bulge' — but Mattel refused to give the doll a prominent crotch
▼ + stars: | 2022-12-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +10 min

Barbie creator Ruth Handler wanted the Ken doll to have a "bulge," she wrote in her autobiography. "Both the all-male design and marketing staffs, however, disagreed, so the groin on the first Ken doll was as smooth as Barbie's." "Ruth felt the design team lacked 'the guts' to give the Ken doll even the suggestion of male sex organs," Gerber wrote. "But Ruth was not political or prone to dwell on the root of cultural standards," Gerber wrote. A range of Barbie dolls for sale during the 2015 National Barbie Doll Collectors Convention.

☆ A Georgia GOP congressman who backed Trump's election lies voted in the wrong county, but his spokesman insists it wasn't a 'devious ploy'
▼ + stars: | 2022-12-22 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +4 min

A GOP Congressman in Georgia may have broken the state's voting law by casting ballots in the wrong county. Rep. Drew Ferguson voted in the county where he used to live during the 2022 election cycle. Ferguson has been an advocate against voter fraud since the 2020 election and backed Trump's election lies. "Congressman Ferguson resolved the issue, and proceeded to vote in Troup County for the primary, general, and run-off elections." "Congressman Ferguson is currently in the process of transitioning his residency to his new home in Pike County," the spokesman added.

☆ FedEx is overbuilt but has the opportunity to generate cash flow
▼ + stars: | 2022-12-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx is overbuilt but has the opportunity to generate cash flow in 2023Ken Hoexter, Research Analyst at Bank of America Securities, joins Worldwide Exchange to discuss FedEx earnings.

☆ American college student who went missing in France reunited with family
▼ + stars: | 2022-12-17 | by ( Leila Sackur | ) www.nbcnews.com time to read: +2 min

An American college student who was reported missing during a study abroad trip in France has been reunited with his mother and is heading back to the United States, authorities said Saturday. DeLand had gone missing last month but made contact with his parents on Friday morning from Spain. They said at the time that they had last heard from DeLand on Nov. 27 via WhatsApp, a text message and calling app. The 22-year-old went to class on Nov. 28, his family had said. The following day, he left his host family’s home and boarded a train for Valence, France, packing a small bag that held his cellphone, food, wallet and a change of clothes.

An American college student who was reported missing during a study abroad trip in France is alive in Spain, his family and officials said Friday. A spokesperson for the Grenoble public prosecutor’s office said prosecutor Eric Vaillant told French media that Ken DeLand Jr. had been able to speak with his parents. The family said on a website dedicated to finding DeLand that he called them early Friday morning. On the website, the family thanked news outlets, saying: "Without the media’s help, Kenny would not have seen himself in the news." DeLand was reported missing last month while studying at the University Grenoble Alpes in France, his family said in an older post on the website.

☆ Consumers are still buying, they're just looking for a good value, says Academy Sports CEO
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are still buying, they're just looking for a good value, says Academy Sports CEOKen Hicks, Academy Sports & Outdoors CEO, joins 'The Exchange' to discuss the state of the consumer heading into the holiday season as well as Academy Sports' plans for expansion.

☆ Factbox: Hawaii's Mauna Loa volcano erupts
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Mauna Loa’s summit region glows during an eruption as viewed by a geologist of the Hawaiian Volcano Observatory in Hawaii, U.S. November 28, 2022. USGS/Ken Hon/Handout via REUTERSNov 29 (Reuters) - Hawaii's Mauna Loa began erupting on Nov. 27 for the first time in nearly four decades. * Mauna Loa is the largest active volcano on the planet, rising some 13,679 feet (4,169 meters) above the Pacific Ocean and dominating the Island of Hawai'i, also known as the Big Island. Geologists estimate that Mauna Loa first erupted on the sea floor between 600,000 and 1 million years ago, and emerged above sea level about 300,000 years ago. * Mauna Loa has previously erupted 33 times since modern record-keeping began in 1843, according to the USGS.

☆ From the future of work to algos for home pricing, these are what the brightest young minds in real estate are working on
▼ + stars: | 2022-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

There's no shortage of ties between Wall Street and real estate. So it's only fitting that we'd highlight Insider's third-annual list of rising stars in real estate. The latter boils down to trying to use tech to automate and innovate a key, but sometimes costly, part of the business, something Wall Street is well versed in. There is Megan LeMense, 34, a former WeWorker who is thinking about the future of the office in her role at Raise Commercial Real Estate. BlockFi is the latest crypto firm caught up in the FTX debacle.

☆ World's largest active volcano, Mauna Loa, erupts in Hawaii
▼ + stars: | 2022-11-28 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +4 min

The world's largest active volcano has erupted in Hawaii for the first time in nearly four decades, officials said. Mauna Loa erupted at 11:30 p.m. local time Sunday night (4:30 a.m. EST on Monday), the United States Geological Survey said. It was the first eruption since 1984, according to the Hawaii Volcano Observatory daily update, issued by the U.S. Geological Survey. Residents at risk from Mauna Loa lava flows were warned to "review preparedness and refer to Hawai‘i County Civil Defense information for further guidance." It is one of six volcanoes in the state of Hawaii, according to the U.S. Geological Survey.

☆ Biden will seek to establish red lines in high stakes meeting with China’s Xi
▼ + stars: | 2022-11-13 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +7 min

Even so, the White House is downplaying any hope of a major breakthrough when Biden sits down with Xi in person. “I don’t think personal diplomacy will help that much,” said Victor Cha, a former director for Asian affairs in George W. Bush’s White House. The Biden administration sees Xi as the leader of a bullying nation with visions of global dominance. “We recognize that with each launch, [the North Koreans] learn something,” the senior Biden administration official said. But like Biden, Xi will also arrive at the meeting having fortified his position at home.

☆ Why China doesn't actually want to invade Taiwan
▼ + stars: | 2022-11-12 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +8 min

Biden is trying to reassure Beijing but also trying to deter them from using military force to coerce Taiwan." Biden, however, has gone further, repeatedly asserting that he would respond to a Chinese invasion by committing US troops. For China, the Taiwan threat gives them negotiating leverage with the US and influence over Taiwan's domestic politics. If Congress passes the Taiwan Policy Act, Taiwan will get $6.5 billion in taxpayer money to buy more US-made weaponry. The sanctions that would likely follow an invasion of Taiwan would quickly and severely restrict the country's supply of meat.

The sources say Justice Department officials are looking carefully at a cross section of past cases involving the mishandling of classified material. Though his comments were about the separate Jan. 6 investigation, Justice Department officials said they apply broadly. Experts say the public evidence in the Mar-a-Lago case seems unambiguous. Less clear is whether there are aggravating factors — such as whether the Justice Department can prove Trump obstructed justice by failing to turn over documents despite a grand jury subpoena. Martin’s lawyers said he was a hoarder, and prosecutors concluded that he had not given classified information to anyone.

On Wednesday night, NBC News counted at least nine people watching the ballot drop box in Mesa, a small part of what has become a growing effort by some conservatives to monitor ballot drop boxes in hope of catching election fraud. Some people have stood watch at the drop box while wearing military-style fatigues and masks over their faces, prompting complaints to the Arizona secretary of state. No such drop box fraud has ever been found in significant numbers. On that platform, the former president’s account has shared posts by users advocating for drop box surveillance, including the Mesa drop box. “As for tailgate parties in every drop box: why not?” Keshel said, reiterating that drop box watchers should not participate in any illegal behavior.

☆ Credit Suisse's newly created investment bank lays out plans in memo
▼ + stars: | 2022-10-28 | by ( Saeed Azhar | ) www.reuters.com time to read: +2 min

"Over time, CS First Boston’s structure will evolve to become an independent standalone investment bank, enabling it to attract third party capital and include employee ownership," Miller wrote. The move to become "an M&A boutique with capital markets expertise" will start immediately, he wrote. The Swiss investment banking and capital markets business will be moved to the company's Swiss Bank to offer services in its home market, according to the memo. The bank has traditionally allocated a bigger share of capital to investment banking than its global peers, according to the ratings agency. It will also work closely with Credit Suisse's wealth management business to offer share-backed lending and structured credit to clients in Asia.

Jim McIngvale, the Texas furniture salesman who famously hedges sports bets with furniture promotions, said he has placed a total of $10 million of bets on his beloved Houston Astros in this year's World Series. This time, If you spend $3,000 or more on a mattress, your purchase is free – if the Astros win. Mack placed the largest of his World Series bets, $3 million, on May 13 with Caesars at 10-1 on the Astros to win. His World Series bets have taken him all over the country, as sports gambling is not legal in his home state of Texas, he said. In 2017, when the Astros won the World Series, Mack doled out millions in refunds.

☆ Hoexter: Shippers' outlook continues to deteriorate, they're very worried about future demand
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoexter: Shippers' outlook continues to deteriorate, they're very worried about future demandKen Hoexter of BofA Securities discusses the challenges facing the transports sector heading into the end of this year and 2023.

☆ The pandemic's real estate jobs boom is turning into a bust as layoffs hit
▼ + stars: | 2022-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +7 min

Some of the biggest players in the real estate industry, including RE/MAX, Redfin and Wells Fargo, have announced layoffs in recent months totaling thousands of jobs. Over that period, 200,000 people became real estate agents, according to data from the National Association of Realtors. Workers in the mortgage industry have been among the hardest hit as demand for refinancing and home sales tumble. Real estate brokers have also been affected, said Ken H. Johnson, a former real estate broker who is now an associate dean at Florida Atlantic University, where he studies the real estate industry. Even in the best of times, it can be a struggle for new brokers to be able to make a full-time living selling real estate.

But some analysts note the relative stability of rivals UPS and DHL, and said FedEx's own failure to adapt also contributed to its performance. related investing news Does FedEx's bleak outlook flash a warning signal for investors? Kanarek was among the analysts who noted the mix of factors − internal and external − that likely played a role in FedEx's disappointing results. Confronting realitySome experts see FedEx's performance as an overdue confrontation with market realities coming out of the pandemic, which the company previously failed to acknowledge. If demand continues to slow and manufacturers require less production, Hoexter said FedEx could start to see freight volumes soften too.

☆ America's richest self-made woman grew up on a dairy farm—now she has a net worth of $11.6 billion
▼ + stars: | 2022-06-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Diane Hendricks didn't grow up on the inheritance of celebrities or political leaders. Last week, Hendricks – who has a net worth of $11.6 billion – topped Forbes' list of America's Richest Self-Made Women for the fifth year in a row. Her fortune is largely dependent on ABC Supply, a construction materials company she built with her late husband in 1982. Together, the duo combined talents and co-founded ABC Supply in Beloit, Wisconsin. The company now has more than 840 locations, according to its website, and is the country's 23rd-largest private company, according to Forbes.

☆ Dozens of Goldman Sachs partners have departed the bank since David Solomon became CEO. See the running list here.
▼ + stars: | 2020-02-27 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

David Solomon has been Goldman Sachs' CEO for more than four years after succeeding Lloyd Blankfein. There's been a lot of talk about morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.

☆ The Tucker Carlson origin story
▼ + stars: | 1998-01-28 | by ( Aaron Short | ) www.businessinsider.com time to read: +57 min

Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. It was Tucker Carlson. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.) In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.

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