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☆ Trump's close relationship with Putin could come back to haunt the US
▼ + stars: | 2024-10-09 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +10 min

The relationship between Trump and Putin has long been a source of controversy. AdvertisementWith only a month to go before the presidential election, Donald Trump's relationship with Russian President Vladimir Putin has once again come under the spotlight. In a forthcoming book, journalist Bob Woodward says that the former president and Putin have a closer friendship than previously known. The Ukraine war has already roiled markets for food, oil, gas, and other products, and wider conflict could have an even more devastating impact. If Russian President Vladimir Putin is victorious in Ukraine, it may embolden Chinese leader Xi Jinping to invade Taiwan.

Persons: Trump, Putin, —, Donald Trump's, Vladimir Putin, Bob Woodward, Steve Cheung, Woodward, Robert Mueller, Yuri Gripas, Joe Biden, he'd, he's, JD Vance, Volodymyr Zelenskyy, Philip Ingram, Zelenskyy, Kenneth Rogoff, William Pomerantz, Vance, Xi, Ingram, Xi Jinping, Sergei Savostyanov, Jamie Dimon, Dimon, William Reinsch, Kamala Harris, Harris, Pomeranz Organizations: Service, CNN, Washington Post, Putin, Trump, Kremlin, REUTERS, Republicans, International Monetary Fund, Wilson Center, Getty, JPMorgan, CNBC, TV18, Center for Strategic, International Studies, Wall Street Locations: Ukraine, Russia, British, Europe, Washington ,, China, Russian, Taiwan, NATO, Asia, India, Pennsylvania

☆ Major League Soccer sets all-time attendance record in Lionel Messi’s first full season
▼ + stars: | 2024-10-09 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —More than 11 million fans have attended Major League Soccer matches this year, breaking the regular season attendance record. With 16 games still remaining before the start of the MLS Cup playoffs, the total has already surpassed the previous record of 10,900,804 set in 2023. At just over 17,000, the average crowd for Inter Miami games, home and away, was the second smallest in the league in 2022. Luis Suárez, Messi’s former teammate at Barcelona, was reunited with the Argentine this year and helped Inter Miami to its first ever Supporters’ Shield in early October. The Herons are favorites to take the MLS Cup, with the playoffs beginning later this month.

Persons: Lionel Messi, Messi, El Tráfico, Olivier Giroud, Kevork Djansezian, Marco Reus, Hugo Lloris, Luis Suárez Organizations: CNN, Major League Soccer, MLS, Inter Miami, Miami, Atlanta United, Sporting Kansas City, Arrowhead, Rose, LA Galaxy, Inter, New, Gillette, LAFC, Borussia Dortmund, Barcelona, Argentine

☆ Spotify's HR chief says the company won't be following Amazon and others in return-to-office trend
▼ + stars: | 2024-10-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Spotify's HR chief told Raconteur that the company will maintain its work-from-anywhere policy. AdvertisementAmazon might be ordering employees back to the office 5 days a week, but don't expect Spotify to follow suit. Spotify's latest reaffirmation of its WFA policy bucks the current trend of companies pushing to get employees in the office more days a week. Many executives and leaders have attributed their RTO mandates to increased productivity and collaboration when employees work together in the office. "Over time, this drawback could dramatically undermine the character and culture you want to promote in your company," Dimon added.

Persons: Raconteur, —, Katarina Berg, Berg, Fortune, Goldman Sachs, Mark Zuckerberg, Jamie Dimon, Dimon, Andy Jassy Organizations: Spotify, Service, WFA, Stockholm School of Economics, JPMorgan, Meta, Amazon . Workers, Disney

☆ Pepsi sales slide as snack and drink demand sags
▼ + stars: | 2024-10-08 | by ( Amelia Lucas | ) www.nbcnews.com time to read: +2 min

For 2024, Pepsi now expects a low-single-digit rise in organic revenue, down from its prior outlook of 4% growth. Pepsi reported third-quarter net income attributable to the company of $2.93 billion, or $2.13 per share, down from $3.09 billion, or $2.24 per share, a year earlier. The company reported that volume for both its food and beverage divisions declined 2%. Quaker Foods North America reported the steepest drop-off in volume, with a 13% slide. Frito-Lay North America reported a 1.5% decline in volume.

Persons: Ramon Laguarta, Jamie Caulfield, Frito, pita, ” Organizations: PepsiCo, Quaker Foods North America, Pepsi, Quaker Foods, Lay, ” Pepsi, Pepsi’s, Brands, Gatorade Locations: U.S, Quaker Foods North, America, Africa, Middle East, South Asia

☆ Khalen Saunders, brother of Taylor Swift backup dancer, picks off Patrick Mahomes
▼ + stars: | 2024-10-08 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

Taylor Swift had more than one connection on the field in the game between the Kansas City Chiefs and the New Orleans Saints on Monday. Khalen Saunders, a defensive tackle for the Saints, is the brother of Kameron Saunders, a backup dancer for Swift — who was in attendance Monday night — during her widely acclaimed Eras Tour. Khalen Saunders #50 of the New Orleans Saints returns an interception during the third quarter against the Kansas City Chiefs at GEHA Field at Arrowhead Stadium, in Kansas City, Mo., on Monday. Khalen Saunders, 28, is in his second year with the Saints. He played four seasons with Kansas City and won two Super Bowls with the team (and Kelce) before he joined New Orleans in 2022.

Persons: Taylor Swift, Khalen Saunders, Kameron Saunders, Swift, Khalen, Patrick Mahomes, Travis Kelce, Jamie Squire Organizations: Kansas City Chiefs, New Orleans Saints, GEHA, Arrowhead, ESPN, Chiefs, New, Saints, Kansas City Locations: Kansas City, Mo, London, New Orleans

☆ Analysis: Joe Biden swears a lot and Trump did a favor for Putin, according to Bob Woodward
▼ + stars: | 2024-10-08 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

Trump on PutinIn public, Trump has said he got along well with Russian President Vladimir Putin and that Putin deferred to him after Trump warned Putin not to invade Ukraine. Then-President Donald Trump and Russia President Vladimir Putin arrive for a meeting in Helsinki on July 16, 2018. “No, no,” Putin said, according to Woodward’s book. Biden and Harris on NetanyahuThe Biden administration has tried to maintain its support for Israel while also diplomatically expressing frustration with Israel’s leader, Prime Minister Benjamin Netanyahu. “And the answer to that question is yes.”Lots of f-bombsThe unvarnished view at the White House includes more curse words, according to the Woodward book.

Persons: Joe Biden, Barack Obama, Biden, Bob Woodward –, CNN’s Jamie Gangel, Jeremy Herb, Elizabeth Stuart, Merrick Garland, Woodward, that’s, Trump, Vladimir Putin, Putin, Elon Musk, ‘, Vladimir, “, Donald Trump, Brendan Smialowski, ” Putin, ” Woodward, Trump’s, Harris, Netanyahu, Benjamin Netanyahu, Kamala Harris, ” Harris, ” Biden, Elizabeth Frantz, George W, Bush, Volodymyr Zelensky, Obama, ” Organizations: CNN, Affordable, Trump, Putin, Russia, Getty, Israel, CBS News, White, Israeli, intel, United Nations, Ukrainian Locations: Saudi, Ukraine, Helsinki, AFP, Beirut, Woodward, Washington , DC, Afghanistan, Iraq, Munich, Crimea

Simon & Schuster“That fucking Putin,” Biden said to advisers in the Oval Office not long after Russia’s invasion of Ukraine, according to Woodward. “This is what Putin plans to do,” CIA Director Bill Burns said to Biden, according to Woodward. Woodward asked Trump aide Jason Miller whether Trump and Putin had spoken since he left the White House. I wouldn’t purport to speak to what President Trump may or may not have done,” Haines said, according to Woodward. As Trump framed his presidential campaign around fear, Woodward writes that Graham said of the former president: “Trump is becoming more erratic.

Persons: CNN —, Bob Woodward, Joe Biden’s, Benjamin Netanyahu, Vladimir Putin, Bibi Netanyahu, he’s, ” Biden, Woodward, Simon, Schuster, Putin, “ Putin, ”, Donald Trump’s, Putin –, Trump, Biden, Netanyahu, Hunter Biden’s, – Woodward, – Biden, “, General Merrick Garland, Barack Obama’s, Barack, ’ Woodward, ” Woodward, Joe Biden, Brendan Smialowski, —, Bill Burns, I’ve, Putin “, Volodymyr Zelensky, Kamala Harris, Harris, Zelensky, Alex Wong, Jake Sullivan, Lloyd Austin, ” Austin, Sergei Shoigu, ” Shoigu, “ Mr, ” Colin Kahl, Abbott, Putin —, Covid —, ” Putin, ” Trump, Donald Trump, Trump’s, Jason Miller, ” Miller, National Intelligence Avril Haines “, ” Haines, ‘ Trump, Sen, Lindsey Graham, ” Graham, Biden “, “ You’ve, you’ve, ” “, Graham, “ Trump, ” ‘ Bibi, Israel, ” Netanyahu, “ Bibi, ’ ” Biden, Saudi Arabia’s Crown Prince Mohammed bin Salman, State Anthony Blinken, Blinken, Antony Blinken, Saudi Crown Prince Mohammed bin Salman, Evelyn Hockstein, Woodard, bin Salman, JAKE SULLIVAN, ” ‘, Garland ’, George W, Bush, Obama, Merrick Garland, ” Bush, Garland, Hunter Biden, “ Hunter, Biden —, ” Blinken, You’ve, that’s, Kevin Dietsch, ” Harris, Joe Manchin Organizations: CNN, Trump, Putin, White House, Villa, Grange, Getty, CIA, Munich Security Conference, ”, White, Pentagon, Russia, National Intelligence, South Carolina Republican, Iranian Revolutionary Guard Corps, Iran, Saudi Arabia’s Crown, State, MBS, Saudi Crown, South, Saudi, “ TRUMP, Biden, intel, Justice Department, Democratic Party, Democratic, Democratic National Convention, United Center Locations: Gaza, Ukraine, Afghanistan, Crimea, Russia, Geneva, AFP, “, Washington , DC, Russian, United States, Helsinki, North Korea, ”, Israel, Rafah, Syria, Iran, Saudi Arabia, Jordan, Beirut, Ula, Saudi, Palestinian, South Carolina, Chicago

☆ PepsiCo trims revenue outlook as North American snacking, key international markets lag
▼ + stars: | 2024-10-08 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales. Shares of the company fell 1% in premarket trading. The company reported that volume for both its food and beverage divisions declined 2%. Quaker Foods North America reported the steepest drop-off in volume, with a 13% slide. Frito-Lay North America reported a 1.5% decline in volume.

Persons: Ramon Laguarta, Jamie Caulfield, Frito, pita Organizations: Pepsi, PepsiCo, Quaker Foods North America, LSEG, Quaker Foods, Lay, Pepsi's, Brands, Gatorade Locations: Maryland, United States, U.S, Quaker Foods North, America, Africa, Middle East, South Asia

☆ Caitlin Clark: WNBA Rookie of the Year set to participate in LPGA golf event in November
▼ + stars: | 2024-10-08 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Apparently not satisfied with becoming one of the dominant forces in the WNBA, 2024 Rookie of the Year Caitlin Clark is set to compete in a Pro-Am golf event in November. The Indiana Fever superstar will appear at The Annika, the penultimate tournament on the LPGA Tour hosted by golf legend Annika Sörenstam from November 11-17. As well as playing in the Pro-Am event on November 13, Clark will also feature as a panelist at the Women’s Leadership Summit the day before as part of the event in Florida. The rookie has just completed a historic season in the WNBA. “I’m excited to meet Caitlin and for her to join us at Pelican Golf Club in November in what will be an exciting week for women’s sports.”

Persons: CNN —, Caitlin Clark, Annika, Annika Sörenstam, Clark, “, Annika Sörenstam’s, ”, Ludvig Åberg, Zach Johnson, Caitlin Organizations: CNN, WNBA, Indiana Fever, LPGA, Summit, John Deere, Ryder, Fever, Connecticut Sun, Pelican Golf Club Locations: Florida

☆ Taylor Swift brought luxury fashion to Monday night football in an outfit that cost over $51,000
▼ + stars: | 2024-10-08 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

On Monday, Taylor Swift attended the Chiefs game in a plaid set from Vivienne Westwood. AdvertisementTaylor Swift attended her third football game of the 2024-2025 NFL season in style. Swift attended the game wearing head-to-toe Vivienne Westwood, continuing her streak of bringing high-end fashion to football. Taylor Swift attended the Chiefs game in October. Taylor Swift wore several jewelry pieces to the game.

Persons: Taylor Swift, Vivienne Westwood, Travis Kelce's, —, Swift, Kansas City Chiefs —, Travis Kelce —, David Eulitt, Vivienne Westwood's, Grace Boots, Loewe, Travis Kelce, Grace Bas, Kelce, William Purnell, Jacquie, Kate Smooth, Effy, Jamie Squire, Aliett Buttelman Organizations: Chiefs, Service, Arrowhead, Kansas City Chiefs, New, New Orleans Saints, Kelce's, Grace, Cartier Locations: New Orleans

Check out our full Dyson V8 cordless vacuum review for the full rundown on this capable and lightweight vacuum, but below are three reasons we think you should press "add to cart" on the Dyson V8 this Prime Day. Dyson V8 Plus Cordless Vacuum $299.99 $468.00 Save 36% For a Dyson at the lowest price possible, you can't go wrong with the basic but mighty Dyson V8 Plus Cordless Vacuum. View at Amazon What we like Check mark icon A check mark. The Dyson V8 is a great entry-level option from Dyson, especially if you want to have a Dyson cleaning tool in your repertoire. The Dyson V8 is particularly well-suited to pulling dust bunnies from the carpet and suctioning fine particles in one or two passes.

Persons: We've, Dyson, Dyson's vacuums, Jamie Davis Smith Organizations: Business, Dyson, Dock

☆ My first week at Business Insider
▼ + stars: | 2024-10-07 | by ( Jamie Heller | ) www.businessinsider.com time to read: +1 min

Today concludes my first week as Editor in Chief of Business Insider! At Business Insider, we are deepening and strengthening our focus on business, technology, and innovation — for your work and your life. This week we covered the devastating impact of Hurricane Helene, including pieces on Asheville's breweries and a mother's struggle to connect with her daughter for days. We provided our look at Wall Street's rising stars and dug into the pain of higher credit card rates. What would you like to see more of at Business Insider?

Persons: Hurricane Helene Organizations: Business Locations: Hurricane

☆ How activist Irenic can amicably build shareholder value at Reservoir Media
▼ + stars: | 2024-10-05 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Reservoir Media operates a music publishing business, a recorded music business, a management business and a rights management entity in the Middle East. It operates through two segments: Music Publishing and Recorded Music. The Music Publishing segment is involved in the acquisition of interests in music catalogs, from which royalties are earned, as well as signing songwriters to agreements. The Recorded Music segment acquires sound recording catalogs and discoves recording artists, as well as markets, distributes, sells and licenses the music catalogs. After 12 years as a private company, RSVR went public in July 2021.

Persons: Joni Mitchell, Isley, Billy Strayhorn, Hoagy Carmichael, John Denver, Ali Tamposi, Jamie Hartman, Oak Felder, Steph Jones, Hans Zimmer, RSVR, Roth, Adam Rothstein, Irenic, SPACs, Khosrowshahi, Hipgnosis, Richmond Hill's, Ryan Taylor, Ken Squire Organizations: Reservoir Media, Publishing, Reservoir, Blackstone, Richmond Hill Investments, Richmond, 13D Locations: RSVR, Richmond

Former Donald Trump on Friday falsely claimed in a social media post that he had been endorsed by longtime JPMorgan Chase CEO Jamie Dimon. A representative for Dimon said he hasn't endorsed anyone in the 2024 presidential race, and Trump quickly tried to distance himself from the claim. Trump first posted about the endorsement on his Truth Social account at around 2 p.m. Dimon spokesman Joe Evangelisti quickly pushed back on the claim, telling CNBC: “Jamie Dimon has not endorsed anyone. Trump falsely claimed to have been endorsed by singer Taylor Swift earlier this year, which the superstar said contributed to her decision to publicly endorse Vice President Kamala Harris.

Persons: Donald Trump, Jamie Dimon, Dimon, hasn't, Trump, “, JPMorgan Chase, ”, Joe Evangelisti, I'm, Taylor Swift, Kamala Harris, ’, Donald Trump’s, Swift Organizations: JPMorgan, Trump, CNBC, NBC News, CNBCTV Locations: Augusta , Georgia

☆ Jamie Dimon: No, I haven't endorsed Donald Trump
▼ + stars: | 2024-10-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Jamie Dimon denied Donald Trump's claim that the JPMorgan Chase CEO had endorsed him. AdvertisementJamie Dimon hasn't endorsed Donald Trump — despite what the former president wrote on social media. The Republican presidential nominee posted a photo on Truth Social on Friday of Dimon with a caption above reading, "New: Jamie Dimon, the CEO of JPMorgan Chase, has endorsed Trump for President," beside a red siren emoji. But a spokesperson for JPMorgan Chase told Business Insider, "Jamie Dimon has not endorsed a candidate." Advertisement"I have a lot of respect for Jamie Dimon," Trump told the outlet, adding that, "He is somebody that I would consider, sure," when Bloomberg suggested the possibility of offering Dimon the role of Treasury Secretary.

Persons: Jamie Dimon, Donald Trump's, Trump, Dimon, Elon, —, Jamie Dimon hasn't, Donald Trump —, JPMorgan Chase, Tesla, Elon Musk, Mark Cuban, Kamala Harris, — Dimon, he'd, Nikki Haley, Trump's, CNBC's Organizations: JPMorgan Chase, Service, Republican, JPMorgan, Business, SpaceX, Trump, Democratic, Bloomberg Businessweek, Bloomberg, NATO, CNBC, TV18, White Locations: China

☆ The House That Malin+Goetz Built (And Built Again)
▼ + stars: | 2024-10-04 | by ( Craig Kellogg | Ashok Sinha | ) www.nytimes.com time to read: +9 min

Freshly painted white and fitted with new mahogany shutters, this new old house is nearly finished. And then came the stunning phone call, freezing Mr. Goetz and Mr. Malin in the back of that cab. Would it “look like a fake old house?” Mr. Malin asked. “Do I care whether a two-by-four is hundreds of years old, or 90 days old?” Mr. Goetz asked. Construction can’t be finished fast enough for Mr. Goetz and Mr. Malin.

Persons: Matthew Malin, Andrew Goetz, Malin, Goetz, ”, “, Mr, “ I’m, shou, Harold van Goetz, Malin + Goetz, rurality, Andrew Bernheimer, Jim Joseph, Joseph, Joseph ., John Hulka, Ralph Lauren, Hulka, Benjamin Moore, Frederick P, Saarinen, Jamie Purinton, can’t, Haroldhurst, “ We’ve Organizations: European Union, Joseph Architects, & Locations: Chatham , N.Y, Kinderhook, Hudson, Larchmont, London, Australia, South East England, Chelsea, New York, Chatham, Van Courtland, Dutch, Connecticut

☆ Jamie Dimon denies Trump's claim that JPMorgan CEO has endorsed him
▼ + stars: | 2024-10-04 | by ( Kevin Breuninger | ) www.cnbc.com time to read: 1 min

JPMorgan Chase on Friday flatly denied that its CEO, Jamie Dimon, has endorsed Donald Trump for president, minutes after the Republican nominee claimed on social media that Dimon is now backing him. "Jamie Dimon has not endorsed anyone. He has not endorsed a candidate," Dimon spokesman Joe Evangelisti told CNBC in a phone call. Trump on Truth Social had posted a screenshot falsely claiming, "New: Jamie Dimon, the CEO of JPMorgan Chase, has endorsed Trump for President." When NBC News asked Trump about the post later Friday, Trump said he didn't know about it and that it wasn't posted by him.

Persons: JPMorgan Chase, Jamie Dimon, Donald Trump, Joe Evangelisti, Trump Organizations: Republican, CNBC, Truth, JPMorgan, NBC News

☆ Kirk Cousins passes for franchise-record 509 yards as Falcons stun Buccaneers in overtime thriller on Thursday Night Football
▼ + stars: | 2024-10-04 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —Kirk Cousins threw for a franchise-record 509 yards on Thursday Night Football as the Atlanta Falcons mounted another dramatic comeback to beat the Tampa Bay Buccaneers 36-30 in overtime. Coincidentally, the new record came on the night that Ryan was inducted into the Falcons’ Ring of Honor. “What a night,” Cousins said afterwards, per AP. Kirk Cousins passes the ball against the Bucs in the second half. In the final second, Koo’s field goal forced overtime, allowing Cousins to write his name in the history books.

Persons: Kirk Cousins, Younghoe Koo, Cousins, KhaDarel Hodge, Matt Ryan, Ryan, Tom Brady, ” Cousins, “ I’m, I’m, “, Drake London, Baker Mayfield’s, Mike Evans, Chase McLaughlin, Darnell Mooney, Mayfield, McLaughlin, Dale Zanine, Mooney, Tykee Smith, Hodge Organizations: CNN, Atlanta Falcons, Tampa Bay Buccaneers, Atlanta, Minnesota Vikings, Carolina Panthers, Falcons, Vikings, Pro Bowl QB, NFL Research, ”, Bucs, Tampa, Reuters Locations: Atlanta, Tampa Bay

☆ Harris' Uber executive brother-in-law says he won't join her cabinet. Other business leaders still have a shot.
▼ + stars: | 2024-10-04 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Tony West, Harris' brother-in-law and an Uber executive, doesn't plan on serving in her cabinet. Other private sector stars are in the running for key positions like Treasury secretary. Tony West, Harris' brother-in-law and a top executive at Uber, has been instrumental in cementing the vice president's relationship with corporate America. Sources told Semafor he's a leading candidate for Treasury secretary, among other positions. Related storiesBut Chenault isn't a shoo-in — leaders on and off Wall Street are also jockeying for the coveted position.

Persons: Tony West, Harris, —, Kamala Harris, Uber, Ken Chenault, Chenault, Semafor he's, Berkshire Hathaway, Wally Adeyemo, Gina Raimondo, Jamie Dimon, JPMorgan Chase, Blair Effron, Charles Phillips, Brad Smith, Lina Khan, Gary Gensler, Mark Cuban Organizations: Service, White, Uber, America, Wall Street Journal, Former American Express, Democratic, Democratic National Convention, American Express, Facebook, IBM, Procter, Gamble, Treasury, Commerce, JPMorgan, CNBC, Microsoft, Federal Trade Commission, Securities, Exchange Commission, SEC Locations: Airbnb, Berkshire

☆ Unwashed poppy seeds: Opioid overdose from tainted tea prompts proposed bill
▼ + stars: | 2024-10-03 | by ( David Hilzenrath | ) edition.cnn.com time to read: +8 min

People have died after drinking tea brewed from unwashed poppy seeds. Members of the House of Representatives and Senate have proposed legislation “to prohibit the distribution and sale of contaminated poppy seeds in order to prevent harm, addiction, and further deaths from morphine-contaminated poppy seeds.” The bill was one of several on the agenda for a September 10 House hearing. On the other hand, tea made from large quantities of unwashed poppy seeds could lead to addiction and overdose, doctors said. The US Drug Enforcement Administration said unwashed poppy seeds can kill when used alone or in combination with other drugs. The US Department of Justice has brought criminal prosecutions over the sale of unwashed poppy seeds.

Persons: “, “ It’s, Elke Scholiers, ”, Steve Hacala, Courtney Rhodes, CSPI, Eva Greenthal, It’s, Irving Haber, Benjamin Lai, Lai, ‘, Steve Hacala’s, Stephen Hacala, Stephen Hacala’s, Betty, David Rousseau, Jamie Silakowski, Silakowski, Tim Hortons, Popeyes, Joe’s, Sen, Tom Cotton, Steve Womack Organizations: Health, Marshall, US Department of Defense, Doping, Workers, for Science, Food and Drug Administration, FDA, Mayo Clinic, Arkansas State Crime Laboratory, KFF Health, Restaurant Brands, Burger, Washington Post, US Drug Enforcement Administration, US Department of Justice, Senate, Republican, KFF Locations: Chittorgarh, India, Rochester , Minnesota, Arkansas, South Korea

☆ The Gap comeback that might actually be working
▼ + stars: | 2024-10-02 | by ( Cathleen Chen | ) edition.cnn.com time to read: +21 min

Designer Zac Posen — now creative director at Gap Inc., at the Vanity Fair Oscar party in March 2024. Danny Moloshok/ReutersSince 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old Navy accounts for more than half. Before Gap, Posen was on track for a similar trajectory to Mizrahi’s. They started by redefining the positioning of each brand: Gap as a pop culture brand.

Persons: CNN — Zac Posen, Richard Dickson, Posen, Donald, Doris Fisher, Mickey Drexler, Drexler, Uniqlo, Zac Posen —, Danny Moloshok, Sonia Syngal, Dickson, Barbie, Troye Sivan, Da’vine Joy, Anne Hathaway, ” Posen, won’t, Zac, Isaac Mizrahi, ”, Gabriella Santaniello, Mizrahi, Zac Born, Saint Ann’s, Lola Schnabel, Julian Schnabel, Lena Dunham, Nicole Miller, Naomi Campbell, Grimm, —, Da'Vine Joy Randolph —, Jamie McCarthy, Yucaipa, Ron Burkle, Sean Combs, Zac Posen, Neiman Marcus —, Zac Posen — that’s, Zac Posen’s, it’s, Paco Rabanne, Patrick Robinson, Ye, Julie Gilhart, Gilhart, ” Dickson, Bernadette Peters, “, Harrison Ball, Ryan Murphy, ’ ”, TJ Maxx, Kennedy, Anne Hathway, Pietro S, Robert, William Fisher, didn’t, Mark Breitbard, Horacio Barbeito, Chris Blakeslee, Goodman, Stephanie Keith, Da’Vine Joy Randolph’s, Sivan, Hathaway, Julia Fox, influencer, Lee Peterson, hasn’t Organizations: The, Fashion, CNN, Old Navy, Inc, New Yorker, Gap Inc, Navy, Banana, Reuters, Mattel, Hollywood, Xcel Brands, QVC, Saint, Metropolitan Museum of Art, Central Saint Martins, New York Times, Centric Brands, Barneys, New York City Ballet, Swans, Disney, rockstar, Old, America ., Collins Group, Vogue, Bloomberg, Council of Fashion Designers of America, New York, Dôen Locations: Posen, San Francisco Bay, New, Banana Republic, Athleta, San Francisco, Oxford, Zara, North America, Asia, China, Republic, New York City, American, London, Bloomsbury, Balthazar, SoHo, Rome, Italy, New York, America, America . Banana

☆ Gen Z's New Side Hustle: Getting Rich As Airbnb Super Hosts
▼ + stars: | 2024-10-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

Arbitrage hosts like Anderson take to TikTok, YouTube, and Instagram to offer advice and promote paid courses on how to start and build your own short-term-rental empire. A 25-year-old TikToker with the handle @airbbnbmastery101 titled one video "How to quit your job in 2024 and get rich." There's no way to know for sure how popular Airbnb arbitrage is. Related storiesBut Airbnb arbitrage, in theory, isn't illegal; it depends on local laws governing how short-term-rental properties are licensed. DeRose says that he regrets working in short-term-rental arbitrage and that "it's very clearly hurting" the housing market.

Persons: Hailie Anderson, factly, Anderson, —, Donald Trump, Dave Ramsey, Trump, Inayah McMillan, — tycoons, TikTok, she's, Airbnb, Jamie Lane, Alfred, They're, there's, Lane, Konrad Bicher, Wolf, Bicher, Tom DeRose, It's, it's Organizations: YouTube, HGTV, Target Locations: Austin, Salt Lake City, Nashville, Florida, New York, Cities, Barcelona, Europe, Asia

Scientists with the National Weather Service and the National Hurricane Center began sounding the alarm as early as Sept. 23. In a YouTube video posted that morning, the National Hurricane Center’s deputy director, Jamie Rhome, described a tropical cyclone that would “briskly develop” into a hurricane. Monday night, the National Weather Service posted on X that heavy rain and powerful wind gusts would hit the Southeast later in the week. “It is not common for the National Weather Service to use words like ‘catastrophic’ to describe forecasts,” Buncombe County Manager Avril Pinder said at a news conference Thursday morning. That has made even apolitical groups like the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service a target of some Republicans.

Persons: Hurricane Helene, Amanda Wright, Wright, ” Wright, “, Jamie Rhome, David Novak, Avril Pinder, grimly, ” Novak, ”, Mae Creadick, Donald Trump, Helene, ” Trump, Kelli Burns, ” Burns, Chris Gloninger, Gloninger, we’re, ” Gloninger, Asheville ”, ” Ophir Organizations: Hurricane, National Weather Service, National Hurricane Center, NWS, Prediction, Social, NBC News, ”, Oceanic, Atmospheric Administration, NOAA, University of South, University of Buffalo Locations: U.S, Knoxville , Tennessee, Asheville , North Carolina, Florida’s Big Bend, Hurricane, North, Buncombe, Taylor County , Florida, Buncombe County, Asheville, Columbia , South Carolina, ” In Tennessee, University of South Florida, North Carolina, Kings Mountain , North Carolina, Ophir

☆ Apollo just set a goal to manage $1.2 trillion in private loans by 2029. These 7 slides show how it will get there.
▼ + stars: | 2024-10-01 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

AdvertisementThe biggest player in non-bank loans has set a massive new goal for itself: more than doubling its $562 billion private lending business to $1.2 trillion in five years. At $1.2 trillion, Apollo will manage as much in loans as JPMorgan Chase last year, according to data tracker Statista. Apollo plans to more than double both its private credit and equity businesses by 2029, which would bring total assets under management to roughly $1.5 trillion. At its last investor day in 2023, it set a goal to hit $1 trillion in total assets under management, including private loans, by 2026. AdvertisementHere's how Apollo plans to grow to over $1 trillion in private lending alone.

Persons: Marc Rowan, —, Blackstone, Rowan, John Zito, JPMorgan Chase, Jamie Dimon Organizations: Service, KKR, Apollo's AG InBev, InBev, Intel, Apollo, JPMorgan

☆ PayPal CEO's first year was praised by Wall Street, but hard part starts now for struggling payments company
▼ + stars: | 2024-10-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Analysts across Wall Street saw rising competition and a declining take rate, or the percentage of revenue PayPal keeps from each transaction. Fast forward to today, and the picture is dramatically brighter for the 26-year-old Silicon Valley company and its 47-year-old CEO. Analysts are projecting roughly 6% revenue growth when PayPal reports third-quarter results in about a month, according to LSEG. Venture capitalist Oren Zeev has seen Chriss work with small businesses in another capacity. "He obviously brought a lot to the table with his vast experience with small businesses," Zeev said.

Persons: Alex Chriss, CNBC's David Faber, hadn't, Chriss, downgrades, Dan Dolev, Dolev, Susquehanna's James Friedman, he's, Friedman, Dan Schulman, Dana Stalder, He's, PayPal didn't, Isabel Cruz, Michelle Gill, Diego Scotti, Jamie Miller, Stalder, we've, Faber, Susquehanna's Friedman, That's, Will Ferrell, Ferrell, Fleetwood, hasn't, Sanjay Sakhrani, Sakhrani, SMBs, Oren Zeev, Zeev Organizations: PayPal Inc, PayPal, New York Stock Exchange, Mizuho Securities, CNBC, Apple Pay, Nasdaq, Meta, Matrix Partners, Intuit, Walmart, Verizon, Starbucks, Ticketmaster, Apple, Google, Shopify, Venture Locations: Wall, Braintree, EY, Venmo, U.S

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