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☆ Ahead of two key inflation reports, what would a soft landing look like exactly?
▼ + stars: | 2023-08-06 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

But aside from simply skirting a recession, it’s not obvious what the economy would look like in a soft landing. And who even declares that the Fed has officially defied the odds and achieved a soft landing? The main aspect of a soft landing, according to economists, is the absence of a recession, which is determined by the National Bureau of Economic Research (NBER.) In a soft landing, the job market has to remain intact. The other key feature of a soft landing is for the Fed to successfully control inflation, but that’s open to some interpretation.

Persons: we’ve, ”, Kayla Bruun, “, Julia Pollak, ” Pollak, Josh Markman, cooldown, Austan Goolsbee, ” Goolsbee, Raphael Bostic, Michelle Bowman, Patrick Harker, Armour, Ralph Lauren Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Bank of America, Fed, National Bureau of Economic Research, Morning, Atlanta, ZipRecruiter, Labor, Bel Air Investment Advisors, Federal, Federal Reserve Bank of Chicago, Bloomberg, Atlanta Fed, “, Tyson Foods, UPS, Fox, Restaurant Brands, The National Federation of Independent Business, US Commerce Department, China’s National Bureau of Statistics, Disney, US Labor Department, National Statistics, University of Michigan Locations: Washington

☆ The Metals Company announces a controversial timeline for deep sea mining that worsens the divide in an already bitter battle
▼ + stars: | 2023-08-04 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

It then went public in 2021 through a special purpose acquisition company, or SPAC, and is looking to establish deep sea mining as a business. "Voices against deep sea mining have never been so loud — from the fishing sector to financiers, indigenous peoples, scientists and big business." In addition, the findings of the study do not mean that Benchmark is endorsing deep sea mining, she added. Deep sea mining won't replace land-based mining, but rather will simply add another source of minerals, she said in March. Regardless, Singh says, there is a lot of work yet to be done by members of the council to establish regulations before any deep sea mining commences.

Persons: Gerard Barron, Carolyn Cole, it's, Amon, That's, Louisa Casson, Charlotte Selvey Miller, Miller, that's, Barron, Kannah, Pradeep Singh, It's, Singh, Allseas, — Organizations: The Metals Company, Los Angeles Times, Authority, ISA, Metals Company, Maersk, CNBC, Greenpeace, Company, Benchmark Mineral Intelligence, Benchmark, Democratic, PT Vale Indonesia, . Geological Survey, Metals, Mining, Darton Commodities, Afp, Getty, International Union for Conservation of Nature Locations: Clarion, San Diego, Norway, Mexico, United Kingdom, Texas, Canada, Indonesia, Russia, Democratic Republic of the Congo, Sorowako ., Amon, Kolwezi, Shabara, Congo, Pacific, Nauru, Tonga, Kiribati

☆ Exclusive: ValueAct names Hale co-CEO, announces partner departures, strong gains
▼ + stars: | 2023-08-04 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

At the same time, ValueAct told investors in a letter seen by Reuters that three partners, including the firm's president Brandon Boze, are leaving. Boze will retire from the firm in 2024 and partners Dylan Haggart and Sarah Coyne will leave. ValueAct also pushed to replace four Seven & i Holdings directors with its own candidates this year, a campaign rejected by shareholders. "Rob has built what we believe is the premiere engagement investing franchise in Japan," the letter said. ValueAct said Coyne identified long-term super cycles as the market reached to short term datapoints.

Persons: Robert Hale, Mason Morfit, ValueAct, Brandon Boze, Boze, Dylan Haggart, Sarah Coyne, Morfit, Jeff Ubben, Hale, Rob, Haggart, Coyne, Svea Herbst, Bayliss, Nick Zieminski Organizations: Reuters, Microsoft, San, Fund, Japan Fund, Olympus, Holdings, Elliott Investment Management, Ubben's Inclusive, Spotify, New York Times, Svea, Thomson Locations: Japan, San Francisco, Seagate, Salesforce

☆ Stocks could see a sharp sell-off as the possibility of resurgent inflation threatens the FOMO-fueled rally, Wells Fargo says
▼ + stars: | 2023-08-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Investors shouldn't chase the current FOMO-fueled rally in stocks, Wells Fargo warned. Core inflation accelerated 0.2% in June, and though payrolls rose by a less-than-expected 209,000 jobs last month, the labor market remains resilient, a factor that could potentially drive inflation higher. "If inflation's descent flattens out and reverses as interest rates rise higher, we believe the sectors that have driven this rally should be vulnerable to sharp pullbacks," Wren warned. Wells Fargo predicted the S&P 500 would end the year between 4,600-4,800. In addition to stubborn inflation, investors could also be slammed with a corporate earnings recession, Morgan Stanley has warned.

Persons: Wells, Wells Fargo, Scott Wren, Wren, Morgan Stanley Organizations: Service Locations: Wall, Silicon

☆ Trump's legal problems are fueling his political power as he looks to 2024 presidential election
▼ + stars: | 2023-07-31 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

Read CNN’s full report on Trump’s legal bills. A legal defense fund is also being set up to help offset legal costs for Trump’s associates. Read CNN’s report by Kara Scannell and Tierney Sneed on Trump’s legal maneuvers. ‘Rumpelstiltskin’He also alluded in a footnote to how Trump has fanned fury at his legal problems for his own political purposes. Trump’s political fortunes stay brightCNN’s Harry Enten has two very important points in his analysis.

Persons: Donald Trump’s, Joe Biden, Trump, Read, CNN’s Kristen Holmes, Walt Nauta, Carlos De Oliveira, De Oliveira, Nauta, James L, William Hennessy Jr, ”, Evan Perez, Manhattan DA Alvin Bragg, –, Hillary Clinton, Kara Scannell, Tierney Sneed, Fani Willis, “ We’ve, We’re, ” Willis, Willis, Robert McBurney, Trump’s, ‘, ” McBurney, Sara Murray, Jason Morris, Harry Enten, He’s, Ron DeSantis, Biden Organizations: CNN, DC, Republican, PAC, New York Times, Save, FBI, Trump, King, Manhattan DA, GOP, Siena College, Florida Gov, Marquette University Law School, Biden Locations: Coast : New York , Florida, Georgia, Washington, Manhattan, Florida, Fulton County, Lago, Miami, Atlanta, Fulton County , Georgia, Fulton, Pennsylvania

☆ Sam Kerr: the superstar carrying Australia’s hopes on her shoulders
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

CNN —Even as a 15-year-old, Sam Kerr had the weight of a nation on her shoulders. Fast forward to 2023 and Kerr is one of best players in the game and a global star. Kerr has had to wait longer than expected for the honor at this tournament having been forced to miss Australia’s opening two games because of injury. But a surprise defeat to Nigeria in the Matildas’ second group game have left their hopes hanging by a thread. Kerr takes a selfie as she celebrates with her Chelsea teammates after winning the Women's FA Cup in 2022.

Persons: Sam Kerr, Kerr, Alyssa Mautz, ”, Tony Gustavsson, Don Arnold, Tony, it’s, I’m, ’ Kerr, Daniel, Bobby Despotovski, “, ” Despotovski, Nicola Williams, ” Williams, Williams, Mautz, ” Mautz, she’s freakin, ” Kerr, Ryan Pierse, Western New York Flash, Rich Barnes, Vanessa DiBernado, Vanessa, ‘, ’ ”, …, swag, Michael Regan, –, Eddie Keogh, she’s, She’s, soccer’s Organizations: CNN, Australia, Perth Glory, Chicago Red Stars, National Women’s Soccer League, FIFA, reining Olympic, Canada, coy, Sydney Opera House, Getty, Reuters, West Coast Eagles, Australian Football League, Glory, AFL, CNN Sport, Western New York, Sky Blue FC –, NY Gotham FC, Western New York Flash, Perth, Sky Blue, Chelsea, Super League, Red, League, – Chelsea, EA Sports Locations: Canberra, Italy, Australia, Brisbane, New Zealand, South Korea, Nigeria, Western Australia, Chelsea, NJ, Rochester , New York, Perth, Illinois, –, Chicago, London

☆ A history of the Mar-a-Lago club, the site at the center of Donald Trump's confidential documents case
▼ + stars: | 2023-07-29 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +4 min

When the White House refused it, citing high maintenance costs, Donald Trump purchased the estate. The 20-acre Mar-a-Lago property, meaning "Sea to Lake" in Spanish, is bordered by the Atlantic Ocean and Lake Worth. While in office, he referred to the estate as the "Winter White House." Former White House Press Secretary Stephanie Grisham alleges Trump casually presented some of the documents to guests of the estate. Tuesday, Judge Aileen Cannon, a Trump nominee, will preside over Trump's first pretrial hearing for the case.

Persons: Donald Trump, Donald Trump's, Marjorie Merriweather, Michael Luongo, Trump, Xi Jinping, Shinzo Abe, Stephanie Grisham, Aileen Cannon, Trump's Organizations: White, Service, Lago, Postum Cereal Company, NPR, Smithsonian Magazine, Palm, Post, Mar, Country, Town, White House Press, Trump Locations: Lago, Wall, Silicon, Lake Worth, Palm Beach, Florida, Syria, Mar, Palm

"When we're 50% foreign owned that gives people pause within Japan," Johnson said in an interview. Companies often view the presence of an activist investor as a challenge to their strategy or a factor that could delay execution of their plans. The activist investor previously praised JSR's "fact-based decision making" and said it supports the sale to JIC. "But that doesn't contribute to the Japanese semiconductor materials industry overall," he said. "I don't think they're being imaginative enough ... there's a wide range of materials expertise in Japan," Johnson said.

Persons: Eric Johnson, Johnson, ValueAct, JSR's, Atsushi Ikeda, Goldman Sachs, Ikeda, Yuta, JSR, Sam Nussey, Miho Uranaka, Makiko Yamazaki, Svea Herbst, Bayliss, Stephen Coates Organizations: JSR, Japan Investment Corp, Samsung, Intel, ValueAct, Companies, Citigroup, Svea, Thomson Locations: TOKYO, American, Japan, there's

Elon Musk’s Unmatched Power in the Stars The tech billionaire has become the dominant power in satellite internet technology. Today, more than 4,500 Starlink satellites are in the skies, accounting for more than 50 percent of all active satellites. 53% of active satellites are Starlink.” The Starlink satellites are highlighted and are all operating in low-Earth orbit. How Starlink customers connect to the internet Starlink satellites orbit at much lower altitudes than traditional satellite internet services. “Everywhere on earth will have high bandwidth, low latency internet,” Mr. Musk predicted on the Joe Rogan podcast in 2020.

Persons: Elon Musk’s, Mark, Valeriy Zaluzhnyi, Elon Musk, Zaluzhnyi, General Zaluzhnyi, Musk, Musk’s, ”, Starlink’s, ” Mykhailo Fedorov, Mr, Biden, ” Dmitri Alperovitch, Sir Martin Sweeting, Sweeting, Mike Blake, Patrick Seitzer, Rafael Schmall, Joe Rogan, Jeff Bezos, Starlink, Russia —, Fedorov, —, Clodagh Kilcoyne, Nancy Pelosi, Colin H, Kahl, Lynsey Addario, messaged Mr, Lloyd Austin, Gregory C, Allen, we’ve, Mykhailo Podolyak, Volodymyr Zelensky, Jason Hsu, Hsu, “ Elon, Michael McCaul of, Tsai Ing, Tsai, Audrey Tang, Mariana Suarez, Thierry Breton, SpaceX, Chérif El, Amazon Organizations: Joint Chiefs of Staff, Ukraine’s Armed Forces, SpaceX, Tesla, Twitter, Mr, U.S . Defense Department, NASA, Senior Pentagon, The Defense Department, Starlink, European Union, Silverado, Accelerator, Surrey Satellite Technology, Reuters, Airbus, Earth, Getty, Satellite, University of Michigan, National Science Foundation, Rivals, Amazon, Origin, Viasat, Pentagon, CNN, The New York Times, U.S, Defense Department, Center for Strategic, International Studies, Elon, Harvard Kennedy School, Republican, House Foreign Affairs, OneWeb, Agence France, European, United Nations Locations: Ukraine, United States, Iran, Turkey, Japan, Starlink, Crimea, Russian, Starlinks, Europe, Taiwan, China, Beijing, British, Colorado, Cape Canaveral, Fla, —, California, Florida, Latin America, Africa, Nigeria, Mozambique, Rwanda, Ukrainian, Russia, Kreminna, Aspen, Colo, Kherson's, Kherson, Dnipro, Shanghai, Taipei, Michael McCaul of Texas, del, Uruguay, European Union

☆ Who is Carlos De Oliveira, the 3rd defendant named in a docket charging Trump and Walt Natua?
▼ + stars: | 2023-07-28 | by ( Sebastian Cahill | Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

The superseding indictment against Trump included a new defendant, Carlos De Oliveira. De Oliveira is the property manager at Mar-a-Lago, and helped move boxes to obscure evidence. What did the special counsel Jack Smith's office charge him with, in the new superseding indictment? De Oliveira later helped Nauta load some of the boxes on Trump's plane when he left for the summer, the superseding indictment alleges. After the FBI discovered more classified documents in Trump's personal office and storage room, Trump called De Oliveira and told him he would get De Oliveira an attorney.

Persons: Trump, Carlos De Oliveira, De Oliveira, Donald Trump's, Jack Smith's, Waltine, University of Richmond Carl Tobias, Tobias, … Organizations: Mar, Service, Privacy, Department, Justice, Court, Southern, Southern District of, Lago, Trump, FBI, University of Richmond Locations: Wall, Silicon, Southern District, Southern District of Florida, Lago

☆ Ukraine's NATO membership would be bad for Putin, but great for the Russian economy, professor says
▼ + stars: | 2023-07-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Russia's economy could return to global markets if Ukraine joins NATO, Konstantin Sonin wrote. The Russia scholar said Kyiv's membership in the alliance would make it harder for the Kremlin to justify outsized military spending. Such rhetoric typically prioritized high military spending over economic welfare, a factor in the Soviet Union's 1991 downfall, Konstantin said. "To be sure, bringing Ukraine into NATO would not undo the damage Putin has inflicted on the Russian economy," he said. And the growth of military spending has been difficult to track because an increasingly larger portion of it has been determined a state secret.

Persons: Konstantin Sonin, Putin, Vladimir Putin, Long, Konstantin Organizations: NATO, Service, University of Chicago, Project Syndicate Locations: Ukraine, Russia, Wall, Silicon, Soviet

☆ 15 top boutique PR firms helping brands and execs get on late-night talk shows and make front-page news
▼ + stars: | 2023-07-26 | by ( Michael Kaminer | ) www.businessinsider.com time to read: +1 min

Firms with 25 or fewer workers and annual revenue below $10 million form the PR industry's backbone. Insider identified 15 top boutique PR firms across categories, including finance, tech, and luxury. But smaller firms, with leaner payrolls and nimbler structures that better suit a rocky business climate, are hiring, executives told Insider. Insider identified 15 top boutique PR firms across the US, based on their clients and influence. The PR industry's professional associations do not have an official definition of "boutique" or a tally of smaller firms.

Persons: Edelman Organizations: GO PR

[1/2] The logo of Osaka Organic Chemical Industry Ltd. is pictured in Tokyo, Japan July 25 2023. REUTERS/Sam NusseyTOKYO, July 26 (Reuters) - Osaka Organic Chemical Industry (4187.T), a Japanese manufacturer of high-end chemicals used in chip production, is betting on the materials market for extreme ultraviolet (EUV) lithography, a method for making advanced chips. Little known even in its home country, Osaka Organic has carved out a critical niche in the semiconductor industry by supplying companies that make photoresists, the light-sensitive chemicals used to etch patterns on wafers. "I am confident that we can compete," Masayuki Ando, Osaka Organic's president, told Reuters in an interview, referring to the EUV resist market. In many ways, Osaka Organic is emblematic of Japan's chip-making industry today.

Persons: Sam Nussey, Masayuki Ando, Osaka, Ando, Yuta Nishiyama, Miho Uranaka, David Dolan, Miral Organizations: Osaka Organic Chemical Industry Ltd, REUTERS, Osaka Organic Chemical Industry, Reuters, Citigroup, Thomson Locations: Osaka, Tokyo, Japan, Sam Nussey TOKYO, photoresists, South

☆ MLB roundup: D-backs best Braves in 29-run game
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +11 min

Emmanuel Rivera homered and Ketel Marte had three hits and three RBIs for Arizona, which snapped a four-game losing streak. The D-backs prevailed in the wild contest despite the efforts of Atlanta's Austin Riley, who homered twice and had a career-high seven RBIs. Arizona tied the game at 13-13 with two outs in the eighth when Dominic Canzone delivered an RBI single for his first career hit. Jonathan India homered and fell just a triple shy of the cycle for the Reds, who lost their fifth straight game. Rockies 4, Astros 3Kris Bryant and Ryan McMahon hit consecutive home runs in the first inning and Colorado beat Houston in Denver.

Persons: Christian Walker, Brett Davis, Geraldo Perdomo, Emmanuel Rivera, Ketel Marte, Miguel Castro, Kevin Ginkel, Atlanta's Austin Riley, Orlando Arcia, Sean Murphy, Dominic Canzone, Perdomo, Raisel Iglesias, Marte, Alex Kirilloff, Bailey Ober, Edouard Julien, Kyle Farmer, Carlos Correa, Eugenio Suarez, Bryan Woo, Wilmer Flores, Flores, Monday's, Barry Bonds, Joey Votto, Jake Fraley, Will Benson, Christian Encarnacion, Strand, Joc Pederson, Pederson, Brett, Michael Conforto, Ian Gibaut, Tyler Rogers, Camilo Doval, Jonathan India, Ryan Noda, JJ Bleday, Luis Medina, Sam Long, Shintaro Fujinami, Sam Moll, Trevor May, Joe Jacques, Noda, Aledmys Diaz, Bleday, Patrick Wisdom's tiebreaking, Seiya Suzuki, Suzuki, Miguel Amaya, Mike Tauchman, Nico Hoerner, Miles Mastrobuoni, Lane Thomas, Corey Dickerson's, Francisco Alvarez, Brett Baty, DJ Stewart, Jeff McNeil, Tommy Pham, Francisco Lindor, Pete Alonso, Yasmani Grandal, Jake Burger, Tim Anderson, Josh Naylor, Josh Bell, Logan Allen, Amed Rosario, Myles Straw, Allen, Connor Joe, Mitch Keller, Kyle Schwarber, Bryson Stott, Schwarber, Julio Teheran's, Aaron Nola, Andruw Monasterio, Brice Turang, Mickey Moniak, Patrick Sandoval, Shohei Ohtani, Domino, Gleyber Torres, Juan Soto, Joe Musgrove, Manny Machado, Gary Sanchez, Trent Grisham, Musgrove, Bo Bichette, Alek Manoah, Jason Heyward, Michael Grove, Will Smith, Freddie Freeman, Aaron Hicks, Tyler Wells, Baltimore's, Nolan Arenado, Brendan Donovan, Louis, Jordan Montgomery, JoJo Romero, Edward Cabrera, Jon Berti, Dairon Blanco, Maikel Garcia, Edward Olivares, Spencer Torkelson, Javier Baez, Marcus Semien, Corey Seager, Nathan Eovaldi, Taj Bradley, Travis Jankowski, Randy Arozarena, Brandon Lowe, Kris Bryant, Ryan McMahon, McMahon, Fernando Abad, Justin Lawrence, Alex Bregman Organizations: Arizona Diamondbacks, Atlanta Braves, USA, Arizona, Mariners, Minnesota, Seattle, Twins, Giants, Reds, Cincinnati, San Francisco, Athletics, Red Sox, Oakland, Boston, Cubs, Nationals, Chicago, Pittsburgh Pirates, Washington, Mets, White Sox, New, Pirates, Cleveland pummeled, Guardians, Phillies, Brewers, Philadelphia, Milwaukee, Yankees, Padres, Blue Jays, Diego, Toronto, Dodgers, Orioles, Los Angeles, Baltimore, Marlins, Cardinals, Royals, Tigers, Kansas City outslugged, Rangers, Rays, Texas, Tampa Bay, Astros, Colorado, Houston, Rockies, Thomson Locations: Atlanta , Georgia, USA, Truist, Arizona, Seattle, Francisco, San Francisco, Medina, Washington, New York, Cleveland pummeled Pittsburgh, Angeles, Anaheim , Calif, Sandoval, St, Miami, Kansas City outslugged Detroit, Arlington , Texas, Semien, Denver

☆ One family may have to travel 185 miles to Chicago to get gender-affirming care after Indiana banned treatment for trans minors
▼ + stars: | 2023-07-15 | by ( Arleigh Rodgers | Michael Goldberg | Associated Press | ) www.businessinsider.com time to read: +10 min

An expert said trans kids need what all young people need: "to feel included and part of a family." The following afternoon, Flower and Jennilyn Nichols would see a doctor at the University of Chicago to learn whether they could keep Flower, 11, on puberty blockers. At least 20 states have enacted laws restricting or banning gender-affirming care for trans minors, though several are embroiled in legal challenges. Flower Nichols hugs her mom, Jennilyn Nichols, as they watch the Pride Parade, Saturday, June 10, 2023, in Indianapolis. Flower Nichols, middle, watches the Pride Parade with her parents Kris and Jennilyn Nichols, Saturday, June 10, 2023, in Indianapolis.

Persons: Flower Nichols, Jennilyn Nichols, Eric Holcomb, Darron Cummings Jennilyn Nichols, Nichols, Parker, Kris, Darron Cummings, Robert Marx, Marx, Krisztina Inskeep, Inskeep, Indiana University's Riley, Flower, Jennilyn, —, Teresa Crawford, She's, ___ Arleigh Rodgers, Michael Goldberg, Rodgers, Goldberg Organizations: Indiana, Service, University of Chicago, Republican Gov, AP, of Science, Industry, Republican, San José State University, Indiana University's Riley Children's Hospital, Hoosier, Red, Indiana Statehouse, Scout, Chicago's Museum of Science and, Associated Press, America Statehouse News Initiative, America Locations: Indianapolis, Chicago, Wall, Silicon, Indiana, Indiana , Mississippi, babysit, brightened, Chicago's, Jackson

☆ Will inflation come down this year? Investors seek clues in corporate results
▼ + stars: | 2023-07-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

It’s not just in the United States, either. Coming up: Two major measures of inflation in the United States are out this week — the Consumer Price Index on Wednesday and Producer Price Index on Thursday. On Friday morning, earnings reports for the second quarter kick off with JPMorgan Chase, Wells Fargo, Citi and BlackRock all reporting. Her Many Horses joined Wells Fargo in 2018 as senior vice president in middle market banking to focus on rebuilding the bank’s Native American banking effort. Wells Fargo Native American Banking is the leading provider of capital and financial services to Native American and Alaska Native markets, according to a statement from the company.

Persons: they’re, Jerome Powell, Christine Lagarde, ”, Albert Edwards, Edwards, it’s, Lael Brainard, Price, Michael Barr, Barr, ” Barr, Elisabeth Buchwald, Wells Fargo, Dawson, “ Dawson, Ruth Jacks, Wells Organizations: New, New York CNN, Federal, Kansas City Fed, Monetary Fund, European Central Bank, Societe, National Economic Council, JPMorgan Chase, Citi, BlackRock, Rosebud Sioux, Wells, Wells Fargo Commercial Banking, American Banking Locations: New York, United States, Wells Fargo, Wells, Dawson, Rosebud, South Dakota, American, Alaska

☆ ESPN's layoffs underscore its desperate need for a post-cable lifeline, but analysts are split on Disney's streaming plan that puts $20 billion of revenue at risk
▼ + stars: | 2023-07-07 | by ( James Faris | ) www.businessinsider.com time to read: +13 min

But that plan carries serious risk, as it would jeopardize still-sizable cable revenue without guaranteeing that enough sports fans would support such a product. Several other analysts — including Barton Crockett of Rosenblatt Securities, who has a buy rating for Disney shares — seconded those concerns about cannibalizing cable revenue. Nollen estimated 35 million current cable customers would switch to ESPN DTC. ESPN DTC is zero incremental cost and potentially billions in incremental revenue." An ESPN streamer (in light purple) would gradually drive revenue for Disney, Wells Fargo predicts.

Persons: Disney, that's, Jalen Rose, Todd McShay, Bob Iger, Macquarie's Tim Nollen, Nollen, Barton Crockett, —, Crockett, who'd, Will, you've, they'll, William Cohan, Cohan, Joe Bonner, Bonner, Brandon Nispel, Iger, Nispel, We've, Jason Bazinet, Bazinet, Hulu —, Wells Fargo's Steven Cahall, Cahall, Wells Organizations: ESPN, Disney, Bank of America, NBA, Sports, ESPN Disney's ESPN, Rosenblatt Securities, ESPN DTC, Will Disney, Citigroup, NFL, NBC, Apple, Comcast, NBC Sports, Netflix Netflix, Hearst, Argus Research, Netflix, KeyBanc, Hulu, DIS, Wells Fargo Sports Locations: Wells Fargo, it's, Wells, Hulu, Puck

☆ Brookfield to buy annuities provider American Equity in $4.3 bln deal
▼ + stars: | 2023-07-05 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

July 5 (Reuters) - Canadian investment firm Brookfield (BN.TO) on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding (AEL.N) that it did not already own, valuing the long-sought-after annuities provider at $4.3 billion. It represents a 35% premium to AEL's last closing price on the New York Stock Exchange before media reports of a possible takeover bid from Brookfield emerged. The deal consists of $38.85 in cash and the rest in shares of Brookfield Asset Management's (BAM.TO). AEL shares had touched a record-high of $53.68 when the bid was announced on June 27 and have been trading around the same levels. If the deal is terminated, AEL has agreed to pay Brookfield Reinsurance a termination fee of $102 million.

Persons: Jon Bayer, Manya Saini, Nivedita Bhattacharjee, Arun Koyyur Organizations: Equity Investment Life, AEL, Elliott Investment Management, Prosperity, Brookfield, New York Stock Exchange, Brookfield Asset, FIA, Athene, Massachusetts Mutual Life Insurance, Thomson Locations: Brookfield, Athene Holding, Bengaluru

☆ I got approved for Global Entry in 4 days. Here's what I did to speed up the approval process.
▼ + stars: | 2023-07-03 | by ( Jesse Collier | ) www.businessinsider.com time to read: +4 min

Jesse Collier got approved for Global Entry in 4 days. Global Entry is a program offered by US Customs and Border Protection (CBP) that allows for swift entry through airport customs for pre-screened travelers. Currently, US citizens, lawful residents, and nationals from a handful of countries, such as Mexico and the United Kingdom, are eligible for Global Entry. You should receive your Global Entry card in the mail in about two weeks. Getting approved for Global Entry may seem daunting, but if you travel often, especially internationally, your future self will thank you.

Persons: Jesse Collier, Collier, you've, you'll Organizations: Global, Morning, Department of Homeland Security, US Customs, Border Protection, TSA, Customs, Twitter Locations: Mexico, United Kingdom

☆ Analysis: Nigeria's Tinubu faces daunting hurdles after reform sprint
▼ + stars: | 2023-06-27 | by ( Macdonald Dzirutwe | ) www.reuters.com time to read: +6 min

Nigeria today faces record debt, unemployment is worryingly high, and power shortages have contributed to years of anaemic growth. "The path to political power in Nigeria, over time, has always been through these vested interests," said Bismarck Rewane, CEO at Financial Derivatives Company in Lagos. ENTRENCHED NETWORKSTinubu's ambitions to build a $1 trillion economy in eight years could come unstuck in part due to chronic power shortages. Getting the lights on would be a major win, but to do so some say Tinubu must remove grid subsidies and cut red tape. Tinubu suspended the head of the financial and economic crimes agency, but has yet to outline an anti-graft plan.

Persons: Bola Tinubu, Jason Tuvey, Bismarck Rewane, Tinubu, Tunau Taiwo, Nnamdi Obasi, Prince Ojeabulu, Muhammadu Buhari, jihadists, beholden, Joe Bavier, Conor Humphries Organizations: New, Capital Economics, Financial Derivatives Company, International, Rensource Energy, Nigeria Delta, Observers, Thomson Locations: Nigeria, LAGOS, New Nigerian, Lagos

☆ Chicago is spending over $17 million to add miles of new bike lanes — all in hopes of curbing segregation and boosting racial equity
▼ + stars: | 2023-06-21 | by ( Helaine Krysik | ) www.businessinsider.com time to read: +8 min

Chicago's cycling community has exploded in recent years, and the city plans to add 150 more miles of lanes to accommodate this growth. The new, ambitious Chicago Cycling Strategy from the Chicago Department of Transportation, worth over $17 million, includes expanding Chicago's bike network by designing and implementing 150 miles of low-stress bikeways over the next several years. If you have friends that ride, ride together, if you have family members that are willing to ride, especially older ones, ride with them. Earlier in the pandemic, Chicago launched a program to give away 5,000 bikes to eligible Chicago residents by 2026. Green Corps participants have helped to assemble the bikes in the Bike Chicago program.

Persons: Jesus Barajas, Davis, CDOT, Gia Biagi, Kevin Womac, it's, It's, Biagi, Womac Organizations: Morning, University of California, Active Transportation Alliance, Chicago, Chicago Cycling, Chicago Department of Transportation, Bike Chicago, Green Corps, West Town Locations: Chicago, Milwaukee, Chicago's Black, bikeways, Belmont Cragin, North Lawndale, Chicago's Logan, Bridgeport

CNN —Hunter Biden, the son of President Joe Biden, will plead guilty to two tax misdemeanors and struck a deal with federal prosecutors to resolve a felony gun charge, the Justice Department said Tuesday in court filings. Trump criticized the Hunter Biden plea deal on Truth Social. Hunter Biden’s legal team sought a meeting with the Justice Department in April, which Weiss attended, and where Hunter Biden’s lawyers gave a presentation detailing why they believe Hunter Biden shouldn’t be charged. Part of their argument included that Hunter Biden paid back taxes owed, including penalties. Correction: This story has been updated to reflect that Hunter Biden is pleading guilty to two tax charges and struck a deal to resolve the gun charge.

Persons: CNN — Hunter Biden, Joe Biden, Hunter Biden, Biden, Donald Trump, Trump, David Weiss, Hunter, Christopher Clark, Department’s, “ Hunter, ” Clark, ” “, ”, Ian Sams, Hunter Biden’s, Weiss, Hunter Biden shouldn’t, Prosecutors, Clark, “, Garland, Justice Department wouldn’t, Christopher Wray, he’s, Beau . Hunter Biden, Melissa Cohen, Jake Tapper, –, He’s, ” Joe Biden, Department’s prosecutorial, “ I’m, I’m, Tapper, “ That’s, it’s, General Merrick Garland, Justice Department’s, CEFC, Obama Organizations: CNN, Justice Department, Internal, Service, Trump, Government, House, Truth, Biden DOJ, Republican, Democratic, IRS, FBI, Department, people’s Justice Department, Hunter, Justice, CEFC China Energy, White, Yorker, State Department Locations: Delaware, Wilmington, China, Ukraine, United States

☆ Neptune Retail to buy Coupons.com-parent for $430 mln
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - Retail marketing firm Neptune Retail Solutions will acquire Coupons.com-parent Quotient Technology (QUOT.N) for $430 million in cash, the companies said on Tuesday. Quotient's shares jumped about 17% in the early session and were trading 9 cents shy of the $4 offer price. Its clients include some of the world's biggest consumer companies such as Kellogg's (K.N) and Coca-Cola (KO.N). Private investment firm Charlesbank Capital Partners, which is a major shareholder of Neptune, will be the majority investor in the combined company. Houlihan Lokey is serving as a financial adviser to Quotient, while PJT Partners is advising Neptune.

Persons: Quotient's, William Redmond, Houlihan Lokey, Samrhitha, Anil D'Silva Organizations: Retail, Neptune Retail, Reuters, Charlesbank Capital Partners, PJT Partners, Neptune, Thomson Locations: U.S, Bengaluru

☆ Patients left to wait by Britain’s public health service turn to crowdfunding
▼ + stars: | 2023-06-18 | by ( Caolán Magee | ) edition.cnn.com time to read: +7 min

“If we had to wait another two years on an NHS waiting list – Holly might not have made it,” Thomas told CNN. So, her family decided to pursue private medical treatment instead and have exceeded their £5,000 target through crowdfunding website JustGiving. Bruce Viveash/Harrow Borough FC“It took a big hit on my bank account but I had to use private healthcare to save my football career. An increasing number of Britons are paying out-of-pocket to access private healthcare directly. This is “a sad state of affairs,” Wrigley told CNN.

Persons: Holly Reeves, Holly, –, “, Amy Thomas, ” Thomas, David Wrigley, GoFundMe, ” John Coventry, ” GoFundMe, ”, James Taylor, Steve Baker, Taylor, Bruce Viveash, ” Taylor, ” Wrigley Organizations: London CNN, CNN, National Health Service, Foundation Trust, Consumer, National Insurance, British Medical Association, BMA, NHS, crowdfunding, Harrow Borough, Harrow Borough FC “, Private Healthcare Information, OECD, Department of Health, Social Care Locations: Devon, Torbay, South Devon, United States, England, Britain

☆ Trump ignored his legal team's advice to settle the classified documents case. Instead, he listened to a conservative activist.
▼ + stars: | 2023-06-15 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Trump reportedly rejected his legal team's proposal to try to settle the classified documents case. He instead took the advice of a conservative activist who urged him to fight, The Washington Post reported. However, Trump dismissed that strategy, and Kise never approached prosecutors, three people briefed on the matter told The Washington Post. Fitton was blamed by several Trump advisors for convincing the former president that he could hold on to the classified documents, according to The Washington Post. Trump pleaded not guilty in Miami federal court on Tuesday to the Justice Department's 37-count indictment against him.

Persons: Trump, Department's, —, Donald Trump, Justice Department —, Christopher Kise, General Merrick Garland, Kise, Tom Fitton, Fitton, filet mignon Organizations: Washington Post, Service, Justice Department, Trump's Mar, Judicial, The Washington Post, Trump, The Washington, Wednesday Locations: Lago, Palm Beach , Florida, Miami

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