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☆ Longtime CEO of Berkshire Hathaway's Brooks Running will step down, hand the reins to company veteran
▼ + stars: | 2024-03-12 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

The longtime CEO of Berkshire Hathaway's Brooks Running, Jim Weber, is stepping down after more than 20 years in the top job, the company will announce Tuesday. Brooks veteran Dan Sheridan, who started at the running company in a marketing role in 1998 and worked his way up to chief operating officer and president, will take over on April 26. That includes plans to build the first Brooks Running store in China, an "absolute growth market" for the brand, according to Sheridan. He said the company also aims to expand direct sales in the U.S. and grow wholesale partnerships in Europe. Soon after Brooks Running became a stand-alone subsidiary company of Berkshire Hathaway in 2012, Weber and his team were asked to start succession planning.

Persons: Berkshire Hathaway's Brooks, Jim Weber, Brooks, Dan Sheridan, Weber, I've, it's, We've, that's, Sheridan, Berkshire Hathaway, Warren Buffett Organizations: CNBC Locations: Berkshire, North America, China, Sheridan, U.S, Europe

☆ Kate’s photo should have quelled the rumors. Editing it has done exactly the opposite
▼ + stars: | 2024-03-11 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +7 min

The photograph was released by Kensington Palace early Sunday on the couple’s official social media accounts, to mark Mother’s Day in the United Kingdom. I hope everyone celebrating had a very happy Mother’s Day,” she wrote before ending her post with a “C” for Catherine. This year’s Mother’s Day photograph was also the first proper sighting of the princess since Christmas Day. Questions about the Mother’s Day image first emerged on social media. In the past, the family’s amateur photographs have been well received when posted on social media.

Persons: Catherine, Princess of Wales, Kate, Prince George , Princess Charlotte, Prince Louis, –, Prince William, ”, Princess of, Prince George, Princess Charlotte, Princess, Wales, Catherine , Princess of Wales, They’ve, they’ve, William Organizations: London CNN, Kensington Palace, CNN, Associated Press, Daily Telegraph, Daily Mail, CNN’s Royal, Westminster Abbey Locations: Kensington, United Kingdom, Princess of Wales, Windsor, Adelaide

☆ Costco misses holiday-quarter revenue expectations despite online growth
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Costco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Costco's revenue for the quarter increased from $55.27 billion in the year-ago period. Fresh foods were up high single digits and nonfoods were up mid single digits. Ancillary businesses, which includes more service-related purchases like travel, were up by low single digits, he said. In the second quarter, Costco opened four new clubs, including three in the U.S. and one in Shenzhen, China.

Persons: Richard Galanti, Galanti, it's, Kirkland Organizations: Costco, LSEG, U.S ., Costco Business Centers Locations: U.S, Puerto Rico, Canada, Mexico, Japan, China, Shenzhen

☆ Check out all the new emoji for your iPhone in iOS 17.4, from shaking heads to gender-neutral families
▼ + stars: | 2024-03-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Apple released its iOS 17.4 update for the iPhone on Tuesday. The update includes many new emoji, including a phoenix, shaking heads, and gender-neutral families. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementApple's latest iPhone update is here — and it comes with new emoji. Released Tuesday, iOS 17.4 brings in 118 new emoji, including shaking heads, a broken chain, gender-neutral families, and new directionality for some existing emoji.

Persons: — Organizations: Apple, Service

☆ Veteran CNN anchor Christiane Amanpour confronted execs about Israeli influence in Gaza war coverage
▼ + stars: | 2024-03-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Renowned CNN anchor Christiane Amanpour reportedly challenged the company's Israel-Gaza coverage. The Intercept obtained a recording of an internal meeting with reporters and CNN executivesMany news organizations are facing criticism and complaints that they favor Israel's point of view. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCNN international news correspondent Christiane Amanpour confronted executives about the network's coverage of the Israel-Gaza war, according to a report.

Persons: Christiane Amanpour, — Organizations: CNN, Service, Business Locations: Israel, Gaza, London

We used to go out on the weekends,” the displaced health worker told CNN. Palestinian siblings Ella Mohammed Hamouda (left) and Sila Mohammed Hamouda (right) ride a camel on a beach in northern Gaza, on October 6, 2023. Nearly five months into Israel’s offensive, Palestinian children in Gaza are living with violence, homelessness, starvation, and disruption to education. Several parents and carers told CNN they struggle to explain the war to children, who they say are psychologically terrorized by relentless bombardment. “I miss my room and my toys,” Ella told CNN in a voice message.

Persons: Mohammed Hamouda, Dina, “, Hamouda, Kareem, Ella, ”, Ella Mohammed Hamouda, Sila Mohammed Hamouda, ” Ella, ” Ella Hamouda, Amira, Mohamed, hasn’t, Waseem El, Helal, ” Ella Mohammed Hamouda, Yehia, Mohammed Abed, Hazem Saeed Al, couldn’t, Naizi, ” Hazem Saeed Al, Ayas, Al, –, Naizi Hamouda, Saeed Muhammad Al, – Siwar, Muhammad, ” Mohammed Hamouda, Aya, Saeed Al, Kahlot, “ bedwetting, ” Saeed Muhammad Al, ” Hamouda Organizations: CNN, World Bank, Ministry of Health, Humanitarian Affairs, UNICEF, Getty Images Health, Israel Defense Forces, Gaza UNICEF, UNRWA, UN, Global, WFP Locations: Gaza, Beit Lahia, Rafah, Sila, Israel, Yehia, Deir al, AFP, Gaza City, Palestine, Ayas, Saba, —, Al

☆ ‘Dune: Part Two’ can inspire you to revisit these other timeless sci-fi sequels
▼ + stars: | 2024-03-02 | by ( Dan Heching | ) edition.cnn.com time to read: +7 min

Twentieth Century Fox/Courtesy Everett CollectionWhat better way to start off than with one of the greatest sequels – and sci-fi films in general – ever made, with a screenplay that’s been taught in film schools. ‘Star Trek II: The Wrath of Khan’ (1982)DeForest Kelley, William Shatner and Leonard Nimoy in 1982's "Star Trek II: The Wrath of Khan." ‘Dawn of the Planet of the Apes’ (2014)Andy Serkis in 2014's "Dawn of the Planet of the Apes." ‘Star Wars: Episode V - The Empire Strikes Back’ (1980)"Star Wars: The Empire Strikes Back" (1980). “Dune: Part Two” is produced by Warner Bros. Pictures, which, like CNN, is owned by Warner Bros.

Persons: Denis Villeneuve’s, there’s, Sigourney Weaver, –, James Cameron’s Oscar, Ridley Scott’s, Ellen Ripley’s, Carrie Henn, Khan ’, DeForest Kelley, William Shatner, Leonard Nimoy, Khan, Everett, ”, Ricardo Montalban, “ Khan ”, Arnold Schwarzenegger, James Cameron, he’s, Arnold Schwarzenegger’s, Linda Hamilton, Sarah Connor –, Andy Serkis, Caesar, “ Dawn ”, Max, Thunderdome, Mel Gibson, Warner, Mad Max, George Miller’s, Tina Turner’s, Tom Hardy, Charlize Theron, Miller, Theron’s Furiosa, Anya Taylor, Joy, Ernie Hudson, Dan Aykroyd, Bill Murray, Harold Ramis, Annie Potts, Rick Moranis, Peter MacNicol, Howard Huntsberry, George Lucas Organizations: CNN, Rotten, Century Fox, Paramount, “, TriStar, Columbia, ‘, Lucasfilm Ltd, Wars, Warner Bros . Pictures, Warner Bros . Locations: Ripley, ‘, “ Kingdom

☆ No, Sam Altman doesn't actually own half a billion dollars of Reddit stock
▼ + stars: | 2024-02-29 | by ( Madeline Berg | Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman. AdvertisementLast week, not long after Reddit made moves toward a public listing, headlines began to appear about an unexpected figure: Sam Altman. For example, Hydrazine Capital II is listed as owning nearly 9.9 million shares of Reddit. But Altman, at most, owns 5% of Hydrazine Capital II's holdings, or 492,720 of its Reddit shares. AdvertisementThe various entities point to a side of Altman — Altman the investor — that has receded from view since he has become known to the public as OpenAI's CEO.

Persons: Reddit, Sam Altman, Altman, —, tech's, Reddit's, that's, he's, Chris Harvey, Altman — Altman, ADVs, Peter Thiel, Cruise, Steve Huffman, Alexis Ohanian Organizations: Service, Business, Securities and Exchange Commission, Harvey, Apollo, Apollo Projects, SPV, SEC, Investors, University of Michigan, Helion Energy, Facebook, Google Locations: Altman

☆ One New Yorker won $150,000 when she found out her landlord had been overcharging her. Now a bunch more tenants are using stabilization laws to get money back and pay cheaper rent.
▼ + stars: | 2024-02-28 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +13 min

AdvertisementAs TikTok becomes the new town square for all things economic transparency, the latest target of populist ire is New York City landlords. Several videos that have recently gone viral show viewers how to look into their rent histories and call out examples of potentially illegal hikes. Wait times for rent histories are now at 20 business days, up from 10 in late January, as a result of "social media activity." Klenkar has made TikToks about her old apartment and rent histories and has had "lots" of people reach out with their own rent histories. More may be on their way as New Yorkers seem to be requesting their rent histories en masse.

Persons: they've, —, Danielle —, Danielle, TikTok, it's, There's, they're, Allia Mohamed, She's, Mohamed, They've, he's, Carla —, Carla, Thomas Trutschel, Anna Klenkar, Klenkar, I've, Gothamist, DHCR, overcharge, Esteban Girón, shouldn't, It's Organizations: New York, Tenants, Service, Business, BI, Yorkers, New, US, Division, Housing, Community, Rent Administration, Rent, New York State Homes, Community Renewal, Tenant Union, Tenants PAC, Directors Locations: New York State, Cobble Hill, Brooklyn , New York, York City, New York, New York City, New, Washington Heights, Manhattan, Long Island City, Lower, Side, backpay

☆ Russia’s presidential election is nearing. We already know who the winner will be
▼ + stars: | 2024-02-25 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

CNN —Russia is nearing a presidential election that is all but certain to extend Vladimir Putin’s rule throughout this decade and into the 2030s. The president’s dominance over the Russian electoral system has already been reinforced as the election looms. Voting will be held from Friday March 15 until Sunday March 17, the first Russian presidential election to take place over three days. The region makes up more than a third of Russia’s total territory but has only about 5% of its population. In order to vote against Putin, you just need to vote for any other candidate,” Navalny said on February 8.

Persons: Vladimir Putin’s, Putin, Alexey Navalny, Maxim Shemetov, Joseph Stalin, Putin’s, Dmitry Medvedev, ” Callum Fraser, Nikolay Kharitonov, Leonid Slutsky, Vladislav Davankov, Davankov, Vladimir Zhirinovsky, Boris Nadezhdin, Yekaterina Duntsova, Duntsova, Leonid Volkov, Volkov, Vladimir Nikolayev, euphemistically, Abbas Gallyamov, Gallyamov, Alexey Navalny –, –, ”, ” Navalny, Yulia Navalnaya, “, “ Putin, Don’t Organizations: CNN, Russian, Duma, Federal, Reuters, Kommersant, CEC, Royal United Services Institute, Communist Party, Slutsky, Liberal Democratic Party of Russia, Kremlin, Freedom, Putin, Levada, EU, Foreign Affairs Council, European Union Locations: Russia, Ukraine, Russia’s, Soviet, AFP

☆ What AT&T got right and wrong communicating to its customers during the outage
▼ + stars: | 2024-02-23 | by ( Samantha Delouya | Ramishah Maruf | ) edition.cnn.com time to read: +6 min

The company didn’t publicly acknowledge the outage until it first posted on its site about the outage at 11:15 am ET. Reports on outage tracking service Downdetector showed the network initially went down more than seven hours earlier: Reyes said he experienced the outage starting at 3:50 am ET. AT&T posted just once on X about the outage, pointing customers seeking more information to a faulty link. For many AT&T customers, the network outage was far more than an inconvenience. A "No Service" message is seen on an iPhone in Atlanta during an AT&T outage on February 22.

Persons: CNN —, Damián Reyes, ”, “, I’m, Reyes, Uber, didn’t, Reyes ’, ” Reyes, Mojtaba, John Breyault, Brook Joyner, CNN Breyault, Catherine Thorbecke, Clare Duffy Organizations: CNN, Mobile, T’s Twitter, Villanova University, Wireless Networking Laboratory, National Consumers League, San Francisco’s Department of Emergency Management Locations: Jacksonville , Florida, Atlanta

☆ 2 startups posted big membership growth in the lucrative senior health plan business — after other young insurers failed
▼ + stars: | 2024-02-21 | by ( ) www.businessinsider.com time to read: +6 min

Just a few years ago, a crop of venture-backed health insurance startups embarked on planting a flag in the crowded but lucrative health plan business for seniors. Bright Health, which has exited the insurance business entirely as of this year, sold its Medicare Advantage plans in December. However, there are signs that the Medicare Advantage business isn’t as much of a goldmine as it used to be. It takes an enormous amount of capital to grow big in the insurance business, Fidel said. Its Medicare Advantage membership totals about 4 million.

Persons: haven’t, Stephens, underscoring, Oscar Health, Clover, Cowen, Gary Taylor, didn’t, Scott Fidel, it’s, they’ll, Fidel, UnitedHealthcare Organizations: Alignment Healthcare, Medicare, Business, Bright, Oscar, Services, Humana, CVS Health, Aetna, CVS Locations: California, New Jersey

Former President Donald J. Trump, the front-runner for the Republican nomination, has repeatedly attacked central elements of the Inflation Reduction Act, including tax credits for purchasing electric vehicles. “Otherwise it’s all going to be on the chopping block.”The Inflation Reduction Act contains various tax credits and other subsidies to incentivize companies to deploy more clean energy projects. It also includes tax breaks for consumers to offset the cost of electric vehicles, heat pumps and other energy-efficient appliances. That could cut the number of eligible vehicles, potentially hindering progress toward the Biden administration’s goal of having electric vehicles make up half of new car sales by 2030. The estimated cost of the Inflation Reduction Act’s energy incentives has effectively doubled since it passed, largely because forecasters believe the legislation will be more popular than they originally expected.

Persons: Biden, Donald J, Trump, “ We’ve, Frank Pallone Jr, Thomas Pyle, ’, Pyle, Kevin Book, Sean Rayford, ” Mr, John Ketchum, Ketchum, “ It’s, Mr, Sasha Mackler, David Carroll, we’ve, Carroll, T.J . Kirkpatrick, ” Michael Kikukawa, Lori Esposito Murray, Ms, Murray, Jeanna Smialek Organizations: Republican, Democratic, Company, Biden, House Energy, Commerce, American Energy Alliance, ClearView Energy Partners, The New York Times, NextEra Energy, Republicans, Center, Engie, White, Economic Development, Conference Board, “ Locations: States, China, New Hampshire, America, Indiana, Texas, Irvine , Calif

☆ Ahead of Nvidia earnings, Cramer says the AI giant isn't anywhere near its peak
▼ + stars: | 2024-02-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

It's no secret that CNBC's Jim Cramer is a longstanding supporter of semiconductor giant Nvidia . Ahead of the Big Tech company's quarterly report, which it will release after Wednesday's close, Cramer reminded investors why he feels so strongly they should buy, not trade, Nvidia stock. "Nvidia deserves its valuation, and if they take a whack at it tomorrow, when they report—remember, Friday's another day." Investors shouldn't overlook Nvidia's importance in the artificial intelligence space, Cramer added. "If you think that Nvidia's quarter is one and done, you're also thinking that AI is one and done."

Persons: Jim Cramer, Wednesday's, Cramer, Jensen Huang, popstar Taylor Swift Organizations: Nvidia, Big Tech

☆ Former German Spy Chief Founds New Right-Wing Party
▼ + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Thomas Escritt and Sarah MarshBERLIN (Reuters) - A former German spy chief who was sacked after being accused of averting his eyes to the threat posed by the far-right founded a new right-wing party on Saturday, holding an inaugural party congress on a boat near Germany's old capital Bonn. The Werteunion, or Values Union, is headed by Hans-Georg Maassen, who was dismissed as head of Germany's Office for the Protection of the Constitution (BfV) in 2018. A former member of the opposition Christian Democrats, Maassen is himself now being monitored by the security agency he ran, he said last month. Maassen said on social media platform X, posting a photo of himself and colleagues in front of a German flag on the boat. Earlier this year, leftist politician Sahra Wagenknecht founded a new left populist party.

Persons: Thomas Escritt, Sarah Marsh BERLIN, Hans, Georg Maassen, Maassen, Heinrich XIII Prince Reuss, Sahra Wagenknecht, Sarah Marsh, Matthias Williams, Sharon Singleton Organizations: Values, Christian Democrats, Social Democrats Locations: Bonn, Germany, Chemnitz

Jeff Landry has declared a state of emergency due to a police officer shortage. Landry's executive order issued Thursday lifts limits on how many new employees Louisiana sheriffs can hire and on payroll increases for their departments. Landry's order removes restrictions that state law places on hiring and payroll for a period of time following a gubernatorial election. Small towns, including in Maine, Texas and Ohio, have disbanded their police departments, turning over law enforcement work to county sheriffs, a neighboring town or state police. Earlier this month, Landry presented his first proposed state budget that included tens of millions in additional dollars for public safety.

Persons: Jeff Landry, Landry, “, Governor Landry, ” Michael Ranatza, George Floyd, ” Landry Organizations: —, — Louisiana GOP Gov, Louisiana Sheriffs ’ Association, Police, Research, Lawmakers, The Times, New, New Orleans Advocate Locations: BATON ROUGE, La, — Louisiana, Louisiana, Minneapolis . Small, Maine , Texas, Ohio, Washington, New Orleans

☆ In America, Headlights are blinding but not in other countries, this tech is why
▼ + stars: | 2024-02-15 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

In Europe and Asia, many cars offer adaptive driving beam headlights that can do this. But that still means driving much – or most – of the time using only low beam headlights that don’t reach very far. That means it will probably be years before ADB headlights are widely available in the US. But, while driving, the lights work just like standard high beam, low beam headlights. It will be years before they can offer new, redesigned ADB headlights that meet the standards, auto industry sources say.

Persons: ”, “, Michael Larsen, Larsen, Matt Brumbelow Organizations: CNN, ADB, Traffic Safety Administration, NHTSA, Ford, Volkswagen, Insurance Institute for Highway, Society of Automotive Engineers, ” Audi, “, General Motors, Society of Automotive, EU, Audi, Mercedes, Insurance Institute for Highway Safety Locations: Europe, Asia, China, Canada, United States, America, American

☆ Russian forces push into Ukraine’s Avdiivka, piling pressure on new army chief
▼ + stars: | 2024-02-10 | by ( Andrew Carey | Maria Kostenko | ) edition.cnn.com time to read: +6 min

Avdiivka, to the northwest of Donetsk city, remains the scene of some of the heaviest fighting as Russian forces continue their push from the north into the center of town. Even so, the DeepState mapping site suggests Russian forces are perhaps no more than several hundred meters away from the main supply route into town. Serhii Tsekhotskyi, an officer with the 59th Separate Motorized Infantry Brigade, told Ukrainian television that Russia was deploying large numbers of troop into the battle for Avdiivka. Lying just a few kilometers north of Donetsk airport, captured by Russian forces in early 2015 after months of periodically heavy fighting, Avdiivka has been firmly in Moscow’s crosshairs ever since. East of Kupiansk and the Oskil river, along the northernmost stretch of the battle, an army spokesman told Ukrainian television on Saturday that Russian forces were pressing.

Persons: Oleksandr Tarnavskyi, Serhii, “, ”, Boris Rozhin, Bakhmut, Avdiivka, Moscow’s crosshairs, Volodymyr Zelensky, Oleksandr Syrskyi, Syrskyi, Valerii Zaluzhnyi, Chasiv Yar Organizations: CNN, Russian, Motorized Infantry Brigade, Avdiivka, Presidential Press Service, Reuters, Land Forces, Storm Locations: Ukraine, Kyiv, Donetsk, Russia, Avdiivka, Kharkiv, Ukrainian, Kupiansk, Bakhmut

☆ It’s not just Taylor Swift: Record number of private jet flights expected for this year’s Super Bowl
▼ + stars: | 2024-02-09 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Story highlights Clark County expects more than 1,000 private jets -- a record -- to fly in for the Super Bowl. New York CNN —No one’s trip to the Super Bowl is getting more attention than Taylor Swift. The Super Bowl typically draws the highest number of US private jet flights of any event during the course of a year, according to WingX, which tracks private jet traffic. So it’s not surprising that the city’s first Super Bowl could be a record breaker for private jet traffic. The impact on climateThe attention to Taylor Swift’s private jet travel plans has brought some attention to the climate change implications of those flights.

Persons: Taylor Swift, she’s, it’s, Harry Reid, They’ll, ”, Joe Rajchel, WingX, Rajchel, “, That’s, Taylor, Richard Koe Organizations: Super, New, New York CNN, Miami, Harry Reid International Airport, Las, Allegiant, Henderson Executive Airport, Federal Aviation Administration, Clark County Department of Aviation, Las Vegas, Prix, FAA, National Football League, Super Bowl, CNN, Jet, International Energy Agency, Institute for Policy Studies, Private Locations: New York, Tokyo, Vegas, Clark, Las Vegas, Phoenix, Boulder City, Hoover, California, Washington

☆ YouTube stars help NFL bring in more viewers, league says
▼ + stars: | 2024-02-09 | by ( Zach Vallese | ) www.cnbc.com time to read: +3 min

YouTube bet big on the NFL to boost its subscriber base, and content creators have been key to that push. After YouTube committed $2 billion per year to secure the rights to NFL Sunday Ticket, YouTube TV grew from 5 million subscribers in 2022 to more than 8 million this year. Enlisting some of YouTube's top creators to promote NFL Sunday Ticket helped drive engagement among tens of millions of users, the league said. A subscription to YouTube TV costs $73 per month, with an additional annual fee of $349 for access to NFL Sunday Ticket. YouTube TV enlisted familiar YouTube stars including lifestyle creators, vloggers and sports creators to attract new audiences to the NFL.

Persons: Christian Oestlien, Sean Evans —, Ian Trombetta, Nielsen, Tom Rogers, Rogers, Sundar Pichai Organizations: YouTube, NFL, NFL Sunday, Netflix, Disney, Nielsen Locations: U.S

☆ We paid the equivalent of our mortgage to send our kid to pre-K. We've finally recovered financially 4 years later.
▼ + stars: | 2024-02-08 | by ( Kinsey Gidick | ) www.businessinsider.com time to read: +4 min

I cried the day my son was accepted into a public school pre-k program. After four years of dreading his monthly Montessori school tuition, it felt like we had finally summited Mt. There I was, an alternative weekly editor, and my husband, a young high school teacher. Thus, the waterworks the day we learned our 4-year-old had been accepted to a public school via the Montessori lottery. But as all too many parents know, the high price of private day care tuition doesn't go away with the final statement of charges.

Persons: we'd, I'm, tony, doesn't Organizations: Service, Dock, Theatre Locations: Charleston, South

☆ 10 cities where high-income Americans are moving
▼ + stars: | 2024-02-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Spokane Valley, Washington is seeing the fastest growth in high-income households making at least $200,000 annually. The analysis found that just one Southern city made the top 10 for cities adding high-income households at the fastest rate between 2021 and 2022, while four cities in the northeast ranked in the top eight. The report notes that high-income households often have large impacts on local economies, which could impact housing markets in the long term. Spokane Valley, located in the eastern part of Washington, had an over 183% increase in high-income households, amounting to over 1,500 between 2021 and 2022. Evansville, Indiana increased by 150% during the time period, adding 816 high-income households.

Persons: — Organizations: Business, Allentown, U.S . News, Southwest, Bank of America, Massachusetts, Connecticut, Santa Clara, New Locations: Spokane Valley , Washington, Southern, Spokane Valley, Washington, California, Texas, Allentown , Pennsylvania, Philadelphia, Evansville , Indiana, South, Killeen , Texas, San Tan Valley , Arizona, Jackson , Mississippi, Palmdale , California, Southwest, West Coast, New England, Springfield , Massachusetts, New Haven , Connecticut, Manchester , New Hampshire, Sunnyvale, Santa, New York City

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Mattel, Amazon, Tesla, Charter, Cigna, Tapestry & more
▼ + stars: | 2024-02-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Goldman Sachs reiterates Nvidia as buy Goldman raised its price target on the stock to $800 per share from $625. "So, since our price target is > $135, we must necessarily believe that Tesla's OTHER businesses will emerge to drive upside. JPMorgan downgrades Mattel to neutral from overweight JPMorgan said in its downgrade of Mattel that the Barbie boost was short-lived for the toy company. JPMorgan reiterates Amazon as overweight JPMorgan said it's standing by top idea Amazon. " JPMorgan reiterates PayPal as overweight JPMorgan said it's standing by PayPal heading into earnings later this week.

Persons: Goldman Sachs, Goldman, Cantor Fitzgerald, Cantor, it's, Piper Sandler, Tesla, Piper, Riley downgrades, Redburn, TD Cowen, Smith Douglas, it's bullish, JPMorgan downgrades, Barbie, Evercore, …, Moffett, Guggenheim, Davidson downgrades Clorox, cyberattack Organizations: Nvidia, Bank of America, Apple, Apple's, Vision, Tesla Energy, Cedar Fair, SIX, Citi, JPMorgan downgrades, JPMorgan, Broadband, Companies, Smith, Smith Douglas Homes, JPMorgan downgrades Mattel, Mattel, Guggenheim, Inc, DA, PayPal Locations: United States

☆ CNN overhauls morning show lineup under new CEO after sagging ratings
▼ + stars: | 2024-02-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —CNN announced Monday that it will overhaul its entire slate of morning programming, charting a new course under new chief executive Mark Thompson as the cable news network works to improve its lackluster ratings. The network said that it will revamp its flagship morning offering, “CNN This Morning,” currently hosted by Poppy Harlow and Phil Mattingly. “CNN This Morning,” which has aired from 6 a.m. to 9 a.m. Prior to joining CNN in 2021, Hunt anchored mornings on MSNBC and played a key role on “Morning Joe,” the network’s politics-focused rival program that has long been a force in morning ratings. CNN said that it is in talks with Harlow and Mattingly concerning new roles at the network.

Persons: New York CNN —, Mark Thompson, ”, Poppy Harlow, Phil Mattingly, Chris Licht, Kasie Hunt, Hunt, Mattingly, Thompson, who’ve, ” Thompson, “, Jim Acosta, Pamela Brown, Brown, Wolf Blitzer Organizations: New, New York CNN, New York CNN — CNN, CNN, MSNBC, Harlow, Central Locations: New York, Washington , DC, York, Atlanta and Washington, DC

☆ Exclusive: Astarte Medical is shutting down. Here's why the infant tech startup decided to close its doors.
▼ + stars: | 2024-02-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

Tracy Warren cofounded Astarte Medical in 2016 to improve care for premature babies. Astarte, which sells software to standardize nutrition for babies in intensive care units, had raised $14 million in venture funding to date and landed contracts with four hospitals. Last year, the startup wasn't able to land as many new contracts as it hoped, with hospitals struggling to manage their slim margins. But Astarte ultimately decided not to make the promise to build AI into its tech for clinical decision-making. The startup is hoping to find a buyer by the end of the first quarter of the year.

Persons: Tracy Warren, Warren, Astarte, Tammi Jantzen, Katherine Gregory, Gregory, Warren didn't, Nenov, Jantzen, —, we've, we're, Medical's Organizations: Business, Brigham, Women's, Viking Global, Ben Franklin Technology Partners, Children's, Gillette Children's Hospital, Children's Hospital, Arkansas Children's Hospital Locations: Virginia, Minnesota, Arkansas

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