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☆ You probably missed one of the biggest shows of wealth at the Ambanis' pre-wedding celebration, and it had nothing to do with the bride and groom
▼ + stars: | 2024-03-07 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewThere were grandiose displays of wealth at Anant Ambani's pre-wedding celebrations in India, but the mother of the groom-to-be may have stolen the show. Anant is the youngest son of Nita and Mukesh Ambani. Radhika Merchant and Anant Ambani, son of Mukesh Ambani, the Chairman of Reliance Industries. AdvertisementThe Mirror of Paradise ring. Last weekend, Anant personally thanked and praised Nita during a speech for pulling the pre-wedding celebration together.

Persons: —, Anant Ambani's, Anant, fiancée Radhika Merchant, Nita, Mukesh Ambani, Mukesh, Radhika Merchant, Anant Ambani, Rihanna, Bill Gates, Mark Zuckerberg, Manish Malhotra, that's, Richard Drew, Nita Mukesh Ambani, She's, Mama Organizations: Service, Business, Reliance Industries, GQ India, Bazaar Locations: India, Asia, Mumbai

As he emerges victorious from the Republican primary race, Trump faces considerable challenges both inside and outside the political arena. Wednesday’s inauspicious start to Trump’s outreach efforts is reflective of the longstanding concerns about his temperament and style that inspired many Republicans to support Haley, Florida Gov. In cruising to his party’s nomination, Trump left little doubt that he remains the dominant figure in the GOP. From Iowa and New Hampshire through Super Tuesday, Haley especially exposed persistent divisions in the party and headwinds for Trump recapturing moderate support. Meanwhile, nearly three in 10 of all primary voters said Trump wouldn’t be fit for the presidency if he is convicted of a crime.

Persons: Donald Trump, Nikki Haley’s, “, Democrats ”, Haley, Trump, Joe Biden, Ron DeSantis, ” Haley, Mike Pence, Tim Scott, Chris Christie, Biden, Lara Trump, –, aren’t, Doug Moran, ”, he’s, ” Moran, Jack Wolber, ” “ Donald Trump, Mitch McConnell, Sen, Lindsey Graham, Republicans can’t, Pope, Trumper, ” Pope, Roy Bailey, Elon Musk, you’ve, CNN’s Kaitlan Collins, Ebony Davis, Morgan Rimmer, Kevin Liptak Organizations: CNN, Republican Party, GOP, Democrats, Vermont, South, Republican, White, Republicans, Florida Gov, “, United Nations, Trump, RNC, don’t, Biden ”, Super, Democratic, Teamsters, MAGA, Inc, Black, Jewish American, North, North Carolina Republican, Variety, Mar, Elon, US, Biden, Democratic National Committee, Republican National Committee Locations: South Carolina, Florida, Michigan, Georgia, Arizona, Pennsylvania, Trump, Iowa, New Hampshire, Super, North Carolina, Virginia, Nashua , New Hampshire, Trump ., Michigan , Wisconsin, Detroit, Georgia , Pennsylvania, Gaza, , Texas

☆ Everyone is angry at Germany after a series of snubs and screw-ups
▼ + stars: | 2024-03-06 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

Leaked German military discussions about sending Taurus missiles to Ukraine have caused discord. It's the latest diplomatic spat related to Germany and aid to Ukraine. After the US, Germany is the country sending the most military aid to Ukraine, at least in terms of volume. A mortifying leakPart of this anger was triggered by Russian state broadcaster RT publishing a 38-minute leaked recording of four German officials discussing how Ukraine could deploy German Taurus missiles. Taurus missiles are — very broadly speaking — Germany's equivalent to the Storm Shadow: powerful, long-range weapons with a strong ability to evade air defenses.

Persons: Olaf Scholz, —, Emmanuel Macron, Le, Ben Wallace, Scholz, Germany —, Der Westen, Dmitry Medvedev, Vladimir Putin, It's, Edward Hunter Christie, — Scholz, Antoine Gyori, Macron, Le Monde, Rafael Loss Organizations: Taurus, Service, RT, German Taurus, Associated Press, Storm, France, Politico, MOD, government's Foreign, France's Ministry of Defence, NATO, Russian Security, Finnish Institute of International Affairs, Macron, Ukraine Challenger, Ukraine, European Council, Foreign Relations Locations: Ukraine, France, Germany, allyship, German, Kerch, Crimea, Korea, Russia, Europe, Macron Germany

☆ Nikki Haley to exit GOP presidential race Wednesday
▼ + stars: | 2024-03-06 | by ( Kylie Atwood | Arit John | ) edition.cnn.com time to read: +12 min

Nikki Haley will announce Wednesday that she is exiting the Republican presidential race, according to sources familiar with her plans, clearing the path for former President Donald Trump. Still, in her campaign, Haley became the first Republican woman to win two primary contests: Vermont and the District of Columbia. Former 2024 candidates, including biotech entrepreneur Vivek Ramaswamy, South Carolina Sen. Tim Scott and North Dakota Gov. At the time, Haley was seen as a rising GOP star and potential vice presidential pick in 2012 and 2016. Haley spent six years as governor of South Carolina before becoming Trump’s ambassador to the United Nations in 2017.

Persons: Nikki Haley, Donald Trump, Haley, Trump, Joe Biden, Biden, “, ” Trump, Vivek Ramaswamy, South Carolina Sen, Tim Scott, Doug Burgum, Ron DeSantis, Asa Hutchinson, Chris Christie, Chris Sununu, ” Haley, Republicans –, Charles Koch’s, Sununu, beholden, DeSantis, wasn’t, ”, Ramaswamy, he’s, Haley wasn’t, Barack Obama, Nimarata – Nikki, Nancy Pelosi, MAGA, Barack Obama’s, Haley’s, Mother Emanuel, ‘, ’, CNN’s Eric Bradner, Ebony Davis Organizations: CNN, Former South Carolina Gov, Republican, United Nations, GOP, Trump, Democratic, District of Columbia, Republican Party, North Dakota Gov, New, Florida Gov, Arkansas Gov, New Jersey Gov, Fox News, eventual, Republicans, White, Mother, Mother Emanuel AME, Confederate, statehouse, UN, Boeing, Associated Press Locations: Charleston , South Carolina, South Carolina, Nevada, Vermont, Iowa, New Hampshire, Arkansas, New Jersey, China, Granite State, United States, Lexington County , South Carolina

☆ JetBlue pulls out of deal to buy Spirit
▼ + stars: | 2024-03-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

New York CNN —JetBlue Airways announced Monday it is pulling out of its deal to purchase Spirit Airlines. The Justice Department had argued that airfares could go up if Spirit was no longer an independent airline. JetBlue agreed to pay Spirit $69 million as part of its decision to end the deal, JetBlue said. Spirit said it was always prepared to continue as an independent airline, given the regulatory challenges the deal faced. “We are disappointed we cannot move forward with a deal,” Spirit CEO Ted Christie said.

Persons: airfares, ”, Joanna Geraghty, Spirit, Ted Christie Organizations: New, New York CNN — JetBlue Airways, Spirit Airlines, Justice, JetBlue, Spirit, “, ” Locations: New York

☆ More Americans are moving to Tuscany, where their money goes further, the pace is slower, and the wine flows freely
▼ + stars: | 2024-03-02 | by ( Jordan Pandy | Reed Alexander | ) www.businessinsider.com time to read: +14 min

More Americans are moving to Tuscany, a part of Italy known for medieval walled cities and wine. Some locals say it's keeping their economy alive, but others are starting to grumble. The influx of Americans, locals said, can be at once a booster of fortunes and an irritating imposition. "A lot of locals say that a place like Montepulciano cannot handle all those tourists because it's a small city," said Tudor, the jeweler. Americans, Ercolani said, "spend money and they appreciate the quality of the food and the wine that we have."

Persons: —, Leanne Davis, Davis, Jon Chewning, Chewning, It's, Georgette Jupe, Knight Frank, Florence ., they're, we've, Frances Mayer's, it's, Michele Capecchi, Capecchi, Erin Lewis, Lewis, Danilo Romolini, Luca Tudor, AJ Tuscany, Tudor, who's, Sam D'Avanzo, dell'Anfiteatro, Frank Bienewald, they've, lockdowns, Jupe, Bendetta, Cantina Ercolani, Ercolani Organizations: Service, Business, Associated Press, US Department of State, Italian National Institute of Statistics, away.com, Christie's, Estate, Locals, International School of Florence Locations: Tuscany, Italy, California, Romano, Sacramento, Montepulciano, Florence, Boccheggiano, Lucca, Siena, American, Europe, Rome, Venice, Chiusi, Austin , Texas, Houston , Texas, Italian, Switzerland, Albanian

☆ Christie's just sold a Rothko painting for $100 million in a secret sale. Here are the details
▼ + stars: | 2024-02-29 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Christie's auction house in New York. Auction house Christie's just sold a painting for more than $100 million, although the artwork, the buyer and the seller were officially kept a secret. In an interview with CNBC, CEO Guillaume Cerutti said Christie's sold a painting in January in a private sale with a price "in excess of $100 million," though the auction house declined to provide details. In a private sale, a work is brought for a possible sale to an auction house, which reaches out to its top clients and brokers a deal. Private sales have surged since the Covid-19 pandemic, as more and more collectors prefer discreet transactions outside the public eye.

Persons: Robert Frank, Guillaume Cerutti, Christie's, Mark Rothko's, Green, Dmitry Rybolovlev, Kenneth Griffin, Griffin, Ken Griffin, Scott Mlyn, Mark Rothko Organizations: CNBC, Citadel, CNBC's, Alpha, Private Locations: New York

☆ Christie's CEO on state of the auction market, AI potential and millennial buyers
▼ + stars: | 2024-02-28 | 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 EmailChristie's CEO on state of the auction market, AI potential and millennial buyersCNBC's Robert Frank sits down for an exclusive interview with Christie's CEO Guillaume Cerutti to discuss the auction market, private sales, and more.

Persons: Robert Frank, Guillaume Cerutti

☆ 5 signs you and your partner are ready for polyamory — and 6 you're really not, according to the 'Couple to Throuple' sex therapist
▼ + stars: | 2024-02-28 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Howard shared with Business Insider the signs that partners may — or may not — be ready to start exploring polyamory. 5 Signs you're ready to try nonmonogamyTo be ready to try nonmonogamy, Howard said that you and your partner both need to want to try it. Advertisement5) You both have secure attachment styles, Howard said. Here are some signs that you and your partner aren't ready to open your relationship up. Contrary to a secure attachment style, anxious attachment means you might be extremely dependent on a partner, have difficulty trusting them, or have low self-esteem, according to Kederian.

Persons: —, Shamyra Howard, Howard, nonmonogamy, Christie Kederian, polyamory, it's, that's, , you've Organizations: Service, New York, Business Locations: Riverdale, polyamory

☆ ‘From the Ashes’ exhibition is helping Indigenous communities in the Amazon Rainforest
▼ + stars: | 2024-02-27 | by ( Arya Jyothi | ) edition.cnn.com time to read: +5 min

The rest of it goes to the Indigenous Xingu community, primarily for firefighting equipment,” he said. Aislan Pankararu, Courtesy of Migrate Art and Christie'sThe Amazon rainforest, which is crucial for trapping and storing carbon emissions, is facing a tipping point by 2050 that could have devastating consequences. According to the non-profit Amazon Aid, the primary driver of wildfires in the Amazon rainforest is deforestation for agriculture, logging, and other economic opportunities. Butler visited the Amazon rainforest and its Indigenous Xingu communities two years ago. The collection also includes works made by members of the Indigenous community, such as three paintings by Kamo Waurá, a village shaman.

Persons: CNN —, Sarah Ball, Simon Butler, ”, they’re, Aislan Pankararu, Takumã, Butler, Piers Secunda, Takumā, Christie's, Kamo Waurá, “, ” Secunda Organizations: CNN, London’s Truman, Amazon Aid Locations: British, Brazil, London’s, London, Northeast Brazil, Iraqi Kurdistan

☆ Pattie Boyd, Eric Clapton and George Harrison ‘love triangle’ letters up for auction
▼ + stars: | 2024-02-27 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Mementoes from the personal collection of British photographer and model Pattie Boyd, who inspired a raft of famous songs by former husbands George Harrison and Eric Clapton, are going under the hammer. An anonymous love letter to Boyd from Clapton sent in 1970. Christie’s Images Ltd 2024Among the items on offer is a love letter written by Clapton in 1970, when Boyd was already married to Harrison, one of the songwriter’s close friends. However, Clapton and Boyd would split in 1987 after their relationship was affected by “substance abuse and infidelities,” reads the press release. Items up for sale include photos of Boyd, Harrison and Clapton, as well as postcards, telegrams and letters.

Persons: Pattie Boyd, George Harrison, Eric Clapton, Boyd, Christie’s, ” Harrison, “, Clapton, Layla ”, Clapton –, Harrison, ”, ” Boyd, ” Clapton, auctioning, ’ I’ve, It’s Organizations: CNN, Beatles, Christie’s Locations: Clapton, London

☆ What’s in a Name? For This Rembrandt, a Steep and Rapid Rise in Price.
▼ + stars: | 2024-02-23 | by ( Colin Moynihan | ) www.nytimes.com time to read: +2 min

The dramatic change in value came about only because some experts decided the painting was by Rembrandt. Reattributed to da Vinci, it sold in 2013 for $83 million and then again for $127.5 million. “Adoration,” thought to have been painted around 1628, has at various times in its 400-year life been viewed as a work by Rembrandt. Three years later, it was offered for sale by Sotheby’s as a Rembrandt but went unsold. In 1985, the painting came back on the market, at Christies, and this time it was sold — but only as a work from the “circle” of Rembrandt.

Persons: Rembrandt, Philip IV, Salvator Mundi, Christ, Leonardo da, Reattributed, da, ”, Sotheby’s, Kurt Bauch Organizations: Metropolitan Museum of Art, Christie’s Locations: da Vinci, Christies

☆ It may look like Trump scared NATO back into readiness — but it's probably all down to Putin
▼ + stars: | 2024-02-23 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

NATO states' increased defense spending in recent years has little to do with Trump, experts told BI. NATO spending has indeed accelerated since Trump entered politics. It ain't what you do, it's the way that you do itTrump's demands of NATO allies also weren't a departure from existing US policy. Threatening partners is "bananas"Trump's transactional take on NATO collective defense is ultimately reasonable, Bury said — but encouraging other countries to attack NATO allies is "bananas." AdvertisementIf US allies are spending more money on NATO defense, it's not because Trump is goading them, but because they're concerned about increasing global instability.

Persons: Trump, it's, —, Kaja Kallas, Mark Rutte, Edward Hunter Christie, Hunter Christie, William Alberque, Russia hadn't, hadn't, Alberque, Patrick Bury, Barack Obama, didn't, Joe Biden, Bury, Vladimir Putin Organizations: NATO, Trump, Service, Estonia's, Dutch, Finnish Institute of International Affairs, International Institute for Strategic Studies, UK's University of Bath Locations: Russia, ”, NATO, Crimea, Trump, South Korea, Japan, United States, Ukraine

☆ Bidders Chase Elton John Memorabilia and a Banksy in First Week of Sales
▼ + stars: | 2024-02-23 | by ( Julia Halperin | ) www.nytimes.com time to read: +1 min

More than 3,500 people from 34 countries registered for the chance to bid on the superstar Elton John’s rocket-shaped cocktail shakers, ornate jumpsuits, and black-and-white fashion photography at Christie’s “Goodbye Peachtree Road” auction this week. Two sales over three days featuring the celebrated musician’s belongings rocketed to $14.4 million, with auction-house fees, outperforming the high estimate of $11.3 million. Bidders vied for silver leather platform boots the singer wore throughout the 1970s (they sold for $94,000, more than nine times the high estimate) and an 18-karat gold Rolex watch with a leopard-print dial (it fetched $176,400, about three times the high estimate). Most of the remaining auctions will take place online through Feb. 28, including sales of John’s celebrity portraits, jewelry and Versace clothes. With six online sales to go, the collection has already exceeded the original (and perhaps conservative) expectation of $10 million set by Christie’s.

Persons: Elton John’s, rocketed, John, David Locations: Peachtree, Atlanta

☆ How this cult Japanese artist’s eerie paintings foretold our digital malaise
▼ + stars: | 2024-02-21 | by ( Christy Choi | ) edition.cnn.com time to read: +10 min

CNN —In the land of Hello Kitty, kawaii (“cute”) culture and the Neo-Pop art of 1990s Japan, Tetsuya Ishida was an outlier. An untitled 2004 acrylic and oil painting by late Japanese artist Tetsuya Ishida from the Gagosian retrospective "My Anxious Self." Ishida, who had gone to art school, worked part-time at a print shop and as a night security guard. Many of the 200 or so paintings Ishida completed in his lifetime portray the gloom of becoming a cog in the economic machine. Another painting entitled "Gripe," painted by Ishidia in 1996, portrays a Japanese salaryman with lobster claws for hands.

Persons: kawaii, Tetsuya Ishida, wasn’t, Japan’s “, Gripe, ”, Gulliver, Tetsuya Ishida's, Gagosian, ” Nick Simunovic, “, ” Gagosian, Simunovic, Ishida, ” Simunovic, Gagosian Ishida, Jacky Ho, ‪, Martin Wong, Ishidia, Cecilia Alemani, ” Ishida, Robert McKeever, Tamaki Saito, didn’t, Sharp, Japan's, claustrophobia, Takashi Murakami, Yoshimoto Nara, ” Alemani, Alemani Organizations: CNN, Asia, Art, San Francisco Asian Art Museum, Venice Biennale, Hong Kong, Christie’s Asia, Japan Inc, dehumanization, Gagosian's, Sony Locations: Japan, Japanese, Japan’s, Gagosian, New York, Venice, Sotheby’s, Christie’s, Tokyo, , York

☆ Elton John auction at Christie's: Here's what's in the vast collection
▼ + stars: | 2024-02-21 | 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 EmailElton John auction at Christie's: Here's what's in the vast collectionCNBC's Robert Frank and Christie's CEO Guillaume Cerutti join 'Squawk Box' to discuss the auction for items from Sir Elton John, state of the auction and art market, and more.

Persons: Elton John, Robert Frank, Guillaume Cerutti, Sir Elton John Locations: Christie's

☆ Done with diamonds? Gemstone engagement rings are capturing hearts and market share
▼ + stars: | 2024-02-14 | by ( Courtney Reagan | ) www.cnbc.com time to read: +4 min

"We're seeing a shift in much larger center stone engagement rings, primarily as a result of lab-grown diamonds, and sapphires and rubies tend to be very hot," Daga said. A decade ago, about 5% of engagement rings were colored gemstones, according to Daga. watch nowIndustry giant Signet Jewelers is seeing the same gemstone trend in the wedding category as well as in fashion pieces. Beyond engagement rings, Signet said amethyst and ruby are always popular stones for the Valentine's season. Solidcolours | Istock | Getty ImagesWholesale prices for sapphire gemstones are up 12% per year over the past three years, Daga said.

Persons: Craig Hastings, Ankur Daga, Daga, Jared, Kay, Signet, Beth Gerstein, Gerstein, Boonyakiat, Tourmalines Organizations: Industry, Signet, Getty, Istock, Rolex Locations: London, Madagascar, Angara, Kashmir, Sri Lanka, Zambia, Colombian

☆ JetBlue resets with new CEO, industry veterans to run airline on time, and profitably
▼ + stars: | 2024-02-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

In this article JBLU Follow your favorite stocks CREATE FREE ACCOUNTA JetBlue Airways plane prepares to depart New York's LaGuardia Airport. Leslie Josephs | CNBCIn the 24 years since JetBlue Airways ' first flight, the New York-based airline has pushed the envelope for a carrier of its size. And, until a judge blocked the deal last month, it planned to buy budget airline Spirit Airlines for $3.8 billion. Last week, JetBlue said it has hired back the airline's former chief commercial officer, Marty St. George, 59, as president. A JetBlue Airways plane sits on the tarmac at the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.

Persons: Leslie Josephs, it's, Joanna Geraghty, Robin Hayes, Carl Icahn, Geraghty, Chris Ratcliffe, we've, Marty St, George, Marty, Henry Harteveldt, George's, Warren Christie, JetBlue, We've, Brett Snyder, Snyder, Spirit, Joe Raedle Organizations: JetBlue Airways, New, LaGuardia, CNBC, JetBlue, Spirit Airlines, JetBlue Airways Corp, World Aviation, Bloomberg, Getty, Latam Airlines, United Airlines, US Airways, Atmosphere Research, Transport Workers Union Local, Street, NYSE, Department of Transportation, discounter Frontier Airlines, Fort, Hollywood International Airport Locations: New York, London, Paris, Amsterdam, Dublin, U.S, Delta, United, punctuality, Fort Lauderdale, Fort Lauderdale , Florida

☆ Trump’s NATO comments stir up a political storm as Russia keeps quiet
▼ + stars: | 2024-02-12 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Former U.S. president Donald Trump pictured during a meeting with NATO Secretary-General Jens Stoltenberg at Winfield House, London on Dec. 3, 2019. She added that the NATO alliance "allows us to prevent war." The defense spending target is not a requirement and many countries have sought to ramp up their military spending since Russia launched its full-scale invasion of Ukraine. NATO's so-called Article 5 mutual defense clause means that an attack against one NATO member is considered an attack against all allies. "NATO cannot be an 'a la carte' military alliance ... depending on the humor of the president of the U.S.," Borrell said when asked to respond to Trump's comments, Reuters reported.

Persons: Donald Trump, Jens Stoltenberg, NICHOLAS KAMM, Trump, …, Vladimir, Dmitry Peskov, Trump's, Joe Biden, Biden, Nikki Haley, Haley, Chris Christie, I've, Jake Sullivan, Dursun, Stoltenberg, NATO Ally, Josep Borrell, Borrell Organizations: U.S, NATO, Winfield House, AFP, Getty, Former, Statista, Russia, Reuters, Top, Democratic, Republican, South Carolina Gov, CBS, NBC News, US National Security, North Atlantic Council, Anadolu Locations: London, Former U.S, South Carolina, Russia, U.S, United States, Brussels, Belgium, Canada, France, Italy, Turkey, Ukraine, NATO's

LOS ANGELES (AP) — D'Angelo Russell scored 30 points, Austin Reaves added 27 and the Los Angeles Lakers rode a spectacular 87-point first half to a 139-122 victory over the New Orleans Pelicans on Friday night. Anthony Davis added 20 points as Los Angeles dominated on the second night of a back-to-back set, surging ahead with a 51-point second quarter and staying in front throughout the second half. With Russell's 21 points leading the way, all five starters scored at least 12 while Los Angeles hit 11 3-pointers and 67.4% of its shots overall. “I thought we started the game well, but that second quarter got away from us. The Lakers responded with 51 points in the second, led by 16 from Russell and 12 by Reaves.

Persons: — D'Angelo Russell, Austin Reaves, LeBron James, Rui Hachimura, Anthony Davis, ” Reaves, “ It’s, ” Russell, ” Davis, “ Rui, ” Zion Williamson, Brandon Ingram, Willie Green, “, Russell’s, they’re, Spencer Dinwiddie, Rob Pelinka, Dinwiddie, “ We've, He's, ” Jonas Valanciunas, Davis, Russell, Reaves, Max Christie, spraining, Darvin Ham, Cam, ___ Organizations: ANGELES, Los Angeles Lakers, New Orleans Pelicans, Lakers, Los Angeles, New, Los, Pelicans, ” Pelicans, Denver, Western Conference, Brooklyn, Dallas ’, Madison, Nets, Dallas, Clippers, Ingram, Saturday, Detroit Locations: Los, New Orleans, Los Angeles, Toronto, Brooklyn, Williamson, Portland

☆ Spirit's CEO says the airline has a plan to become profitable again
▼ + stars: | 2024-02-09 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

Read previewSpirit Airlines is still battling to keep its merger plans with Jet Blue alive, but in the meantime its CEO says it has a path to financial stability. AdvertisementSimilarly the annual net loss of $447 million was lower than the $554 million loss for 2022. Spirit's merger with JetBlue was blocked by a federal judge last month on the grounds that it would harm consumers. Spirit plans to sell 25 aircraft and lease them back in a move that generated $419 million, per its results. Spirit did not immediately respond to a request for comment from Business Insider made outside normal working hours.

Persons: —, Ted Christie, Christie Organizations: Service, Jet, Bloomberg, Business, JetBlue, Airbus, Pratt & Whitney, CNBC

SAN JUAN, Puerto Rico (AP) — Donald Trump amassed another win at a Republican caucus held Thursday in the U.S. Virgin Islands, where officials flouted several GOP party rules, including holding the contest earlier than allowed. The caucus is the third Republican contest held this election season with delegates at stake, with Trump receiving 73.98% of the votes and Nikki Haley 26.02%. In addition, any contest held before March 15 must award delegates proportionally, while the U.S. Virgin Islands did so via ranked-choice voting. “The Virgin Islands didn’t break any rules,” Ackley said. However, the Republican National Committee has said the U.S. Virgin Islands has four delegates.

Persons: — Donald Trump, Nikki Haley, ” Trump, Thomas, “, John, we've, ”, Valerie Stiles, Stiles, St . Croix, Trump, Chris Christie, Ron DeSantis, Perry Johnson, Vivek Ramaswamy, Haley, U.S . Virgin Islands, doesn’t, …, ” Gordon Ackley, ” Ackley, Stephen Ohlemacher Organizations: JUAN, Republican, U.S ., Trump, ”, Republicans, U.S . Virgin, “, Republican Party, Associated Press, GOP, National Convention, Republican National, U.S . Virgin Islands Locations: Puerto Rico, U.S, U.S . Virgin Islands, St, St . Croix, St ., Iowa , New Hampshire, Nevada, Nevada’s, Virgin, Iowa, Nevada , New Hampshire, South Carolina, Wisconsin, Washington ,

NEW YORK (AP) — Tim Sanders started his company, Silent Donor, based on his own experience giving money to charities. Christie Herrera, president and CEO of the conservative advocacy nonprofit Philanthropy Roundtable, has said the fight for donor privacy is the biggest challenge her organization currently faces, “I think it’s time for philanthropy to step up and start talking about these donor privacy issues,” she said. Silent Donor also sets a deadline of 30 days to move a donation through its system and into a charity. Sanders said nonprofits should listen more to donors who seek more privacy for their gifts. He said that recent decline in philanthropic donations may be related to donors not wanting others to know about their financial decisions.

Persons: — Tim Sanders, ”, ” Sanders, –, Malala Yousafzai, Christie Herrera, “, ” Chuck Collins, Collins, —, Donor's Sanders, Sanders, ” Collins Organizations: Internal Revenue Service, Peace, IRS, Republican, Institute for Policy Studies, DAF, U.S . House, U.S . Senate, Lilly Endowment Inc, AP Locations: Ukrainian, United States

☆ Spirit Airlines narrows loss to $184 million, says it's on the path back to profitability
▼ + stars: | 2024-02-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Spirit Airlines ' fourth-quarter loss narrowed to nearly $184 million, but its CEO said the carrier is on a path back to profitability and that the domestic air travel market is improving. Spirit still expects to lose money in the first quarter, however, and said it expects revenue of between $1.25 billion and $1.28 billion, above analysts' forecasts. The carrier plans for 2024 capacity to be flat to up mid-single digits compared with last year, and up 1.5% in the first quarter, Spirit said. Spirit said it expects to have an average of 25 Airbus aircraft grounded this year because of the Pratt & Whitney engine issues. Spirit said expects to have 215 airplanes in its fleet by the end of the year.

Persons: Ted Christie, Spirit Organizations: Airlines, Pratt & Whitney, Airbus, JetBlue Airways, LSEG, Revenue, Company Locations: Miramar , Florida

☆ Leon Cooperman says he will not vote for Trump or Biden
▼ + stars: | 2024-02-06 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said Tuesday that he would not vote for President Joe Biden or former President Donald Trump in a hypothetical November rematch. I don't know who's bad, I don't know who's worse," Cooperman said on CNBC's Squawk Box. Cooperman, the chair and CEO of the Omega Family office, has mostly backed Republicans in the past, but says he supported Biden in 2020 as a vote against Trump. Biden's campaign began the year with about $46 million in cash, according to FEC filings, more than the $33 million that Trump's campaign had. The poll also found Trump beating Biden 47% to 42% in a hypothetical 2024 rematch.

Persons: Leon Cooperman, Joe Biden, Donald Trump, Cooperman, Biden, he's, He's, Mitt, Trump, Chris Christie, Democratic Sen, Joe Manchin, Republican Sen, Rick Scott, Jeb Bush's, Hillary Clinton's, Biden's Organizations: Omega, Trump, New, New Jersey Gov, Democratic, Republican, Florida Gov, Sunday NBC, Biden Locations: Mitt Romney's, New Jersey

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