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☆ Bitcoin halving isn't a big deal for long-term investors, but may have a 'huge' impact on one key group, says Columbia professor
▼ + stars: | 2024-04-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Bitcoin's "halving" is expected to happen soon. But its potential impact depends on your relationship to the coin; it's likely to affect miners and investors differently. "To the people who own bitcoin because they think it's a good store of value, this halving is not that big of a deal. Miners receive bitcoins, known as block rewards, for verifying and validating transactions and helping keep the blockchain network secure. What the bitcoin halving may mean for investorsWhile the halving itself doesn't directly impact bitcoin's price, investors' anticipation of the event can lead to highly erratic price movements, says Douglas Boneparth, a certified financial planner and president of Bone Fide Wealth.

Persons: Douglas Boneparth, Boneparth, Malekan Organizations: Columbia Business School, Architecting, Money, CNBC, Bone, Miners

☆ Tesla's awful 2024 is getting much worse
▼ + stars: | 2024-04-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Tech: A "social walkie-talkie" app is the newest thing tech insiders are excited about . Tesla's awful 2024 got much worse this week when the company cut 10% of its workforce , and a major executive resigned after 18 years at the EV maker. AdvertisementSlaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BIIn the meantime, Tesla's stock keeps falling. Even worse, people who are in the market for EVs aren't necessarily interested in Teslas .

Persons: —, NASA's Chandra, Tesla, we've, Elon Musk, Steve Granitz, Scott Olson, Jia Feng, Graham, Elon Musk's, robotaxis, Slaven, Chelsea Jia Feng, Tesla's, Musk, Andy Sieg, Merrill Lynch, Abanti Chowdhury, who's, Piper Sandler, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tech, Adobe Stock, The New York Times, EVs, Teslas, Trump, SWANSON, Apple, Microsoft, BI, CNBC, Economy Summit Locations: Chelsea, China, Teslas ., States, New York, London

WWE and its parent company, TKO, have said that they take Grant's allegations "very seriously." Staying in touchMcMahon has also talked to Trump, according to two of the people close to the wrestling impresario. The two billionaires have been in touch regularly, according to a person close to McMahon, although it isn't clear what they've discussed. Another person close to McMahon said that the two men don't discuss their legal problems and that Trump doesn't provide legal advice. Publicly, Johnson has thanked TKO and WWE executives regarding his addition to the TKO board earlier this year.

Persons: Vince McMahon, Donald Trump, Mark, McMahon, Janel Grant, he's, hasn't, Mark Shapiro, doesn't, McMahon hasn't, Paul, Levesque, Stephanie McMahon, wasn't, Jessica Rosenberg, Grant's, Jan, John Laurinaitis, Janel, couldn't, Ann Callis, Grant, Nicholas Biase, Linda McMahon, McMahon's, Bill Pugliano, Donald J, Trump, Dwayne, Johnson, John Cena, Cena, Howard Stern, I'm, William Morris, Cena didn't, Endeavor Group's, Ari Emanuel, Brendan Mcdermid Organizations: WWE, Austin Straubel, Getty, World Wrestling, NBC News, CNBC, Triple, Federal, U.S, Attorney's, Southern, of, Trump, WWE Hall of Fame, PAC, Trump Media, Technology Group, Street Journal, Trump Foundation, Hollywood, William, William Morris Endeavor, Endeavor Group, Endeavor, Endeavor Group's UFC, Longtime Hollywood, New York Stock Exchange Locations: Green Bay , Wisconsin, United States, Caicos, Italy, of New York, Connecticut, Manhattan, Atlantic City, Trump's, York, New York City, U.S

☆ From Sports Betting to Meme Coins, Young Men Are Gambling in Droves
▼ + stars: | 2024-04-16 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

For young men in particular, it's an enticing, if a bit troubling, prospect. For some young men, a level of nihilism about the economy leads to an impetus to take some risks. Along with the rise of new customers, problem-gambling behavior is increasing, especially among young men. The New Jersey report identified a significant prevalence of high-risk stock trading among young men. According to the National Council on Problem Gambling, some 2.5 million Americans have a severe gambling problem, and another 5 million to 8 million have a problem it considers mild or moderate.

Persons: You've, Donald Trump's, Crypto, they're, they've, Timothy Fong, we've, Fong, it's, Kahlil Philander, haven't, Philander, Davids, Goliaths, Warren Buffett, Berkshire Hathaway, Emily Stewart Organizations: GameStop, AMC, NCAA, Pew Research, UCLA, Washington State University, National Council, sportsbooks, Business Locations: America, United States, Berkshire, New Jersey, Atlantic, Jersey, Plenty

☆ Scientists went on a hunt for the elusive colossal squid — and brought cruise ship tourists with them
▼ + stars: | 2024-04-15 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Kolossal hopes to film a colossal squid in its natural habitat, the waters around Antarctica. The scientists were searching for the colossal squid, an evasive cephalopod that can weigh 1,100 pounds. The enigmatic colossal squidMeasuring about 46 feet with its tentacles spread out, the colossal squid is nevertheless hard to spot. Advertisement"We're not claiming this is the colossal squid, but it's also not not a colossal squid," Mulrennan said of footage of a translucent squid that the camera filmed. Kolossal/MulrennanBased on assessments of experts who have seen the footage, it's impossible to tell whether the animal is a young colossal squid or a full-grown glass squid.

Persons: Kolossal, —, Matthew Mulrennan, Mulrennan, Kat Bolstad, Myrah Graham, Graham, Mulrennan wasn't, Matt Mulrennan, it's, they're, Jennifer Herbig, Mulrennan Mulrennan Organizations: Service, Juvenile, University's Marine Institute, University of Auckland, Endeavour, Intrepid, Endeavor, Marine Locations: Antarctica, icefish, Paradise Harbour

☆ LinkedIn betting it can take on TikTok and Instagram in influencer marketing
▼ + stars: | 2024-04-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Influencer marketing has become big business on TikTok and Instagram, where popular creators can make good money by helping brands promote their stuff. Its product, called Thought Leader ads, launched in a limited capacity last year. LinkedIn introduced Thought Leader ads last year but with limited use. By opening up Thought Leader ads, LinkedIn is letting anyone boost a post as long as the author grants permission. Social media marketer Brendan Gahan is so bullish on the format that he's focusing much of his efforts on helping companies use Thought Leader ads.

Persons: eMarketer, Max Willens, Dan Shapero, Ryan Roslansky, Brendan Gahan, Gahan Organizations: LinkedIn, Microsoft, eMarketer, Facebook, Mastercard, Social, Twitter Locations: TikTok, Singapore

☆ Brady, Jeter, Eli and Peyton Manning headline Fanatics’ effort to build a comic-con of sports
▼ + stars: | 2024-04-11 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

Lance Fensterman, CEO of Fanatics Events and the former president of ReedPop — where he produced pop culture events like New York Comic-Con, Complex-Con, and Star Wars Celebration — said he sees several parallels between pop culture fans and sports fans. However, he noted, while events like New York Comic-Con have evolved to embrace multiple difference fanbases and communities, the sports-focused event space is "ready to be disrupted a bit." Tom Brady, Derek Jeter, Eli and Peyton Manning, Kevin Durant, Sabrina Ionescu and Hulk Hogan are just some of the big sports names scheduled to appear, Fensterman said. "Those are the moments that we get excited about, and we just don't see it being done anywhere else in the world of live sports events," Fensterman said. The festival was the highest-grossing and most-attended fan event in WWE history, according to Fanatics.

Persons: Con, Lance Fensterman, ReedPop, —, You've, Fensterman, Tom Brady, Derek Jeter, Eli, Peyton Manning, Kevin Durant, Sabrina Ionescu, Hulk Hogan Organizations: New York, Star, Fest, Javits Center, NFL, NBA, WNBA, MLB, NHL, MLS, UFC, WWE, Endeavor, IMG, WWE's Locations: New York City, U.S, New, Philadelphia

☆ This is 'the first step to building wealth,' says financial planner—and you can start today
▼ + stars: | 2024-04-10 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Here are three of those habits you can start right away that can put you on a path toward building wealth. You don't need to track every single dollar you spend or make major cuts to your discretionary spending to get started. Nevertheless, to make your money work for you, you need a basic understanding of what you're spending it on. "Start small [by] tracking just a few key areas: food, entertainment, gas, and clothes." To prepare for unexpected expenses big and small, start setting aside emergency savings.

Persons: Chelsea Ransom, Cooper, Billy Hatton, Nathan Mueller, —, Will Kellar Organizations: Zenith Wealth Partners, CNBC, Human Investing Locations: New Jersey, Los Angeles, Colorado

☆ It’s time to give caregivers more support
▼ + stars: | 2024-04-10 | by ( Katia Hetter | Phyllis Fagell | ) edition.cnn.com time to read: +10 min

Conversations with a wide variety of caregivers, paid and unpaid, helped her realize she wasn’t alone. And yet we are very isolated now, more isolated than ever—and isolation does not work for caregivers. This is bigger than the retail sector and yet so many caregivers are made to feel as though our efforts are small–and not worthy of support. Elissa Strauss: Whether someone is caring for an adult parent, a sick spouse or a child, caregivers are failed across the board. CNN: How could we as individuals support caregivers more?

Persons: Phyllis L, —, Jay Leno, Mavis, Benjamin Shmikler, Elissa Strauss, there’s, Elissa Strauss Laura Turbow Strauss, ”, Strauss, “, wasn’t, Caregiving, Charles Darwin ., Darwin, wouldn’t, I’m, it’s, Simon, Schuster Elissa Strauss, we’re, I’ve, doesn’t, you’re, we’ve Organizations: CNN, “, Roxy, Los Angeles Superior, Others, ” CNN, International Labor Organization Locations: West Hollywood, United States

☆ Miki Agrawal has moved on from Thinx. She hopes you have, too.
▼ + stars: | 2024-04-10 | by ( Claire Landsbaum | ) www.businessinsider.com time to read: +23 min

Agrawal, a 45-year-old serial entrepreneur who founded the period-underwear company Thinx and the bidet startup Tushy, has always poured herself into her businesses. That July, Agrawal gave birth to her son, Hiro Happy Horn Agrawal. AdvertisementAfter leaving Thinx, Agrawal, pictured here in her Texas home, poured her energy into her bidet startup Tushy. Before Thinx, before Tushy, Agrawal was an analyst at Deutsche Bank, working in an office near the World Trade Center. In 2011, she cofounded period-underwear company Thinx with her twin sister, Radha, and a friend, Antonia Saint Dunbar.

Persons: Miki Agrawal, Agrawal, she's, We're, missteps she'd, Miki Agrawal Agrawal, Andrew Horn, Agrawal's, Horn, Instagram, she'd, Hiro Happy Horn Agrawal, Forbes, Tushy, they'd, Thinx, Ilana Panich, —, hadn't, they're, Richard Wolf, Radha, Antonia Saint Dunbar, Nicholas Hunt, undressed, wasn't, Shama Amalean Skinner, Amalean Skinner, Maria Molland Selby, welling, Miki, who's, Justin Allen, She'd, Hiro, Jason Ojalvo, Ojalvo, Horn —, Melissa Pruett, Pruett, Jessica Fern's, I've, exes, it's, wifedom, hummus —, Happie Hoffman, Austin, Tesla, Elon Musk, Musk's, Kimbal, Argawal Organizations: New York, Commission, Human Rights, Washington Post, CNBC, Business, Deutsche Bank, World Trade, New York Magic, Food Network, New York Magazine, Antonia Saint Dunbar ., Nike, Outfront Media, New, MTA, New York Times, Glamour, Amazon Locations: New, playa, Texas, Tribeca, West, Williamsburg, Park, America, Canada, Orlando, Thinx, Costa Rica, Horn, Oregon, Austin

☆ Armie Hammer is still laying low after his fall from grace. Here's what we know about his life today.
▼ + stars: | 2024-04-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Hammer has remained out of the spotlight since his 2021 fall from grace. Effie later accused Hammer in a press conference of raping her, and other women also came forward with allegations about Hammer, Air Mail reported. Chris Pizzello/APThat same month, Hammer and Chambers finalized their divorce, each waiving their right to a divorce trial. AdvertisementHammer has also kept his personal life private but may have briefly been engagedHammer has posted sparingly on Instagram since his fall from grace. According to People, a since-removed Instagram post appeared to show that Hammer had proposed to Gris in October 2023.

Persons: Armie Hammer's, Elizabeth Chambers, Hammer, Chambers, —, Hammer's, Effie, Prosecutors, Jennifer Lopez, William Morris, Kenneth Branagh, didn't, Armie Hammer, Chris Pizzello, Pema Chödrön, Marina Gris Organizations: Service, Air Mail, Air, Los Angeles District, Business, William, William Morris Endeavor, Variety, China Morning Post Locations: Cayman Islands, Hollywood, Gris

☆ A Harvard professor is risking his reputation to search for aliens. Tech tycoons are bankrolling his quest.
▼ + stars: | 2024-04-08 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +26 min

The Harvard professor's research is bankrolled by tech tycoons "pissed off" at academia's dogma. But this boundary-pushing is exactly why he's backed Loeb's research. AdvertisementDesch, the astrophysicist from Arizona University, posted a critique of Loeb's work on arXiv alleging "multiple fatal flaws with the manuscript's arguments." Asked whether he no longer believes in a possible technological origin for the meteor, Loeb said they need to investigate further. As he plans more extravagant expeditions to prove the origin of the interstellar meteor, Loeb likens his critics to crows pecking at the neck of an eagle.

Persons: Avi Loeb, Loeb, —, Steven Desch, they're, Loeb's, they've, Charles Hoskinson, that's, Anibal Martel, Mark Zuckerberg, Stephen Hawking, Lucas Jackson, Oumuamua, Desch, It's, Meech, Hoskinson, Rather, Lane Turner, James Webb, Bill Diamond, Stenzel, AARO, UAPs, Loeb hasn't, Joe Rogan's, Eugene Jhong, Galileo, ", Frank Laukien, Laukien, Charles Alcock, Seth Shostak, Stephen Wolfram, Richard Branson's, Vera, Rubin, Avi Loeb Loeb, what's, Rob McCallum, Mariana Trench, James Cameron, Avi Loeb Hoskinson, spherules, Harvard's Stein Jacobsen, Loeb didn't, Monica Grady, Patricio Gallardo, it's, Diamond, That's Avi, Adam Glanzman Organizations: Harvard, Service, Arizona State University, Netflix, Galileo, Anadolu Agency, Reuters, University of Hawaii, Boston Globe, James Webb Telescope, NASA, SETI Institute, Pew Research Center, Department of Defense, UAP Department of Defense, Jhong, Bruker Corporation, Smithsonian's, for Astrophysics, MIT, Wolfram Research, Harvard University, Survey, US Space Command, Hoskinson, UK's Open University, University of Chicago, Arizona University, U.S . Government, The Washington, Getty, Loeb, Astronomy, Astrophysics Locations: Lexington , Massachusetts, United States, Getty, Loeb's, New York, Cambridge, Massachussetts, UAPs, Colorado, Chile, Papua New Guinea, 2401.09882, IM1

☆ Rebel Wilson broke down how she went from earning $3,500 in 'Bridesmaids' to $10 million in 'Pitch Perfect 3' six years later
▼ + stars: | 2024-04-04 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Rebel Wilson said in her memoir that her paycheck rose from $3,500 to $10 million in six years. AdvertisementRebel Wilson said she went from earning $3,500 for a small role in "Bridesmaids" to making $10 million for a lead role in "Pitch Perfect 3" six years later. Wilson said the success of 'Pitch Perfect' helped her negotiate higher paychecksRebel Wilson in "Pitch Perfect." (L-R) Chrissie Fit, Anna Camp, Kelley Jakle, Brittany Snow, Anna Kendrick, Rebel Wilson and Ester Dean in "Pitch Perfect 3." Representatives of the producers of "Pitch Perfect 3" did not respond to a comment request from Business Insider.

Persons: Rebel Wilson, Wilson, —, William Morris, Jess Cagle, Megan, Paul Feig, Melissa McCarthy, Brynn, wasn't, Matt Lucas, Rebel Wilson Rebel Wilson, Cate Blanchett, Nicole Kidman, Universal Pictures Wilson, Kay Cannon, Amy, Hailee Steinfeld, Chrissie Fit, Anna Camp, Kelley Jakle, Brittany Snow, Anna Kendrick, Ester Dean Organizations: Service, William, William Morris Endeavor, Screen Actors Guild, Office, Lionsgate, Sydney Morning Herald, Sunday Times, Grimsby, Office Mojo, Universal Pictures, Facebook, Business Locations: Australia, Hollywood, South Africa

☆ Chasing the eclipse with sounding rockets and high-altitude planes
▼ + stars: | 2024-04-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

NASA will launch sounding rockets and WB-57 high-altitude planes to conduct research on aspects of the sun and Earth that‘s only possible during an eclipse. During the 2017 eclipse that crossed the US, NASA and other space agencies conducted observations using 11 different spacecraft and two high-altitude planes. Three sounding rockets will launch from NASA's Wallops Flight Facility on April 8 to study the eclipse. During the 2023 annular eclipse, instruments on the rockets measured sharp, immediate changes in the ionosphere. The jets have custom noses that can carry specialized scientific instruments.

Persons: Bill Stafford, Albert Einstein’s, Einstein, Sir Arthur Eddington, Allison Stancil, Barjatya, ” Barjatya, Peter Layshock, Amir Caspi, Layshock, ” Caspi Organizations: CNN, NASA, International Space, Embry, Riddle Aeronautical University, WB, NASA Airborne Science, Johnson Space Center, Southwest Research Locations: Mexico, United States, Canada, Brazil, West Africa, Virginia, Daytona Beach , Florida, Houston, Boulder , Colorado

☆ Traveling Light: How to Pack a Carry-on
▼ + stars: | 2024-04-03 | by ( Stephanie Rosenbloom | ) www.nytimes.com time to read: +1 min

For some travelers, the mere thought of packing a carry-on bag can sour even the most potent vacation anticipation. But packing light can also be a creative endeavor that helps build excitement for your upcoming getaway. And with fees for checked bags on the rise, it makes economic sense to master the art of packing a carry-on. Get in the minimalist mind-setIf you tend to over-pack, begin by thinking about why you’re traveling in the first place. “When you’re traveling,” she explained, “it’s more about you seeing the world than the world seeing you.”Pack colors that coordinate so you can bring fewer items yet still have options, like re-wearing the same pants with various shirts.

Persons: you’re, ”, Pauline Frommer, “ Locations: Patagonia

☆ Stocks making the biggest moves midday: Tesla, GE Vernova, UnitedHealth Group and more
▼ + stars: | 2024-04-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Tesla — Tesla shares sank more than 6% after the electric vehicle maker reported an 8.5% year-over-year decline in deliveries in the first quarter. GE Vernova — Shares jumped more than 3% after GE Vernova started trading on the New York Stock Exchange on Tuesday under the ticker "GEV," following its spinoff from General Electric. Shares of GE Aerospace , which was formerly General Electric and is keeping the "GE" ticker symbol, gained roughly 1%. Figs — Shares of the health-care apparel maker slipped 6.2% following a Bank of America downgrade to underperform from neutral. Horton — The homebuilder's shares slipped 3.7%.

Persons: PVH, Calvin Klein, Tommy Hilfiger, Blackstone, Nextracker, Horton —, Wedbush, Horton, Brent Bowman, Tim Cabral, —, Sarah Min, Alex Harring, Samantha Subin Organizations: GE, —, GE Vernova, New York Stock Exchange, General Electric, GE Aerospace, SLB, CVS, Health, Medicare, Medicaid Services, CVS Health, UnitedHealth, Endeavor, Silver, Blackstone —, UBS, Barclays, Bank of America, Veeva Locations: Europe, D.R

☆ Endeavor, the Entertainment Company Led by Ari Emanuel, to Go Private
▼ + stars: | 2024-04-02 | by ( Michael J. De La Merced | More About Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

Endeavor, the sports and entertainment company led by the Hollywood super agent Ari Emanuel, said on Tuesday that it planned to go private with the help of Silver Lake, the investment firm that has been its longtime financial backer. Under the terms of the deal, Silver Lake will buy the shares in Endeavor that it doesn’t already own for $27.50 a share in cash. That price is 55 percent above where Endeavor’s shares were trading on Oct. 25, the day before the company said it was weighing deal options. The deal values Endeavor, including its debt, at $13 billion. The long-awaited transaction is meant to usher in a new era for Endeavor, whose ambitious growth story failed to gain traction on Wall Street.

Persons: Ari Emanuel, Silver, Emanuel, Patrick Whitesell, Dwayne Johnson, Ben Affleck — Organizations: Endeavor, Hollywood Locations: Silver

☆ Disney's boardroom battle: Here's what you need to know
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney's boardroom battle: Here's what you need to knowCNBC's David Faber joins 'Halftime Report' to discuss the latest news on Silver Lake acquiring Endeavor, and Disney's boardroom battle.

Persons: CNBC's David Faber Organizations: Silver, Endeavor

☆ Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share
▼ + stars: | 2024-04-02 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Private equity firm Silver Lake announced Tuesday that it's acquiring entertainment company Endeavor Group Holdings for $27.50 a share. Endeavor is being acquired at an equity value of $13 billion, according to a release from the entertainment company. Endeavor is also the majority owner of TKO Group Holdings , which owns the UFC and WWE. Silver Lake initially invested in Endeavor in 2012 and supported the company's acquisition of UFC in 2016. Silverlake's co-CEO Egon Durban and managing director Stephen Evans were members of Endeavor's board ahead of the acquisition.

Persons: Silver Lake, Egon Durban, Ariel Emanuel, Silver, Silverlake's, Stephen Evans Organizations: Silver Lake, Endeavor Group Holdings, Endeavor, Silver, WME, IMG Academy, Holdings, UFC, WWE

More than two years later, only four states — Ohio, New York, Pennsylvania and Hawaii — have opened stations funded by the program. The Biden administration says the federal charging program is on track. The grants will fund 47 EV charging stations and related projects in 22 states and Puerto Rico, including 7,500 charging ports. But even some of the government’s own experts say 500,000 public chargers won’t be enough to meet Biden’s ambitious climate goals. The availability of charging stations is key to persuading Americans to buy EVs.

Persons: Liam Sawyer, Sawyer, ”, Joe Biden, Biden, Shailen Bhatt, “, ” Bhatt, “ We’re, ″, Gabe Klein, Bhatt, Tesla, Mike DeWine, DeWine, Preeti Choudhary, Loren McDonald, you’re, ” ___ Daly, John Organizations: —, Ford, Allegheny National Forest, Pilot Travel, Electric Vehicle Infrastructure, Democrat, Transportation, Walmart, Joint Office of Energy, National Renewable Energy Laboratory, Alternative Fuels Data, Energy Department, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago ., Republican Gov, Ohio, Department of Transportation, Public Utilities Commission, “ Locations: Ohio, Indianapolis, Pennsylvania, Columbus , Ohio, London , Ohio, — Ohio, New York , Pennsylvania, Hawaii, U.S, Maine , Vermont, Colorado, Puerto Rico, America, California, Washington, St, Detroit, AP.org

☆ Who ends up holding the bag for the Baltimore bridge collapse?
▼ + stars: | 2024-03-28 | by ( Catherine Thorbecke | Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Marine insurance companies will be on the hook for much of the costs. These insurance companies are backed by insurance companies of their own – a type of business known as a reinsurer. The potential cost of insurance claims from the bridge collapse could be between $1 billion and $3 billion, analysts at Barclays wrote in a note Wednesday. “But other than that, the economic impact of what has happened will be enormous, but not recoverable from the ship,” Davies said. Maryland lawmakers, meanwhile, are drafting an emergency bill to provide income replacement for Port of Baltimore workers impacted by the bridge collapse.

Persons: Baltimore’s Francis Scott Key, ”, John Miklus, Dali, Brendan Holmes, Miklus, Loretta Worters, Worters, Martin Davies, ” Davies, Joe Biden, Francis Scott Key, it’s, ” Biden, Scott Olson, Davies, Bill Ferguson Organizations: New, New York CNN, American Institute of Marine Underwriters, “, Barclays, Grace Ocean, Britannia, Indemnity, International Group, International, CNN, Insurance, Costa, Maritime Law Center, Tulane University, “ Maersk, Federal Highway Administration, Infrastructure Investment, Jobs, Biden, . Workers, Robins, Repair, Port, Maryland Locations: New York, Singapore, Costa Concordia, Italy, Danish, Baltimore , Maryland, Maryland, Baltimore

Former President Donald Trump can now add “Bible Salesman” to his resume, after he filmed what amounts to an infomercial for a $59.99 version of the Good Book. "Religion and Christianity are the biggest things missing from this country,” Trump said in a video posted to his Truth Social account this week. “And I truly believe that we need to bring them back, and we have to bring them back fast. “I think it's one of the biggest problems we have,” he said, adding that he has “many” Bibles and that the Bible is his favorite book. Best Cartoons on the Republican Party View All 206 ImagesThe entrepreneurial endeavor comes as Trump’s legal fees are piling sky-high.

Persons: Donald Trump, ”, ” Trump, James, Lee Greenwood, Trump, E, Jean Carroll, they’ll, it's, Jesus Christ, he’d, “, ‘ Let’s Organizations: Trump, United, Constitution, CIC Ventures LLC, Ventures, Washington Post, The New York Times, Republican Party, New, Republicans, Liberty University, House Locations: Independence, New York, cologne, Georgia, U.S

☆ How photographer and style icon Trevor Stuurman is showcasing African artistry to the world
▼ + stars: | 2024-03-27 | by ( Kamayah Scruggs | ) edition.cnn.com time to read: +4 min

CNN —South African photographer, visual artist and fashion icon Trevor Stuurman has become one of the country’s most sought-after creatives by unapologetically challenging the global perception of African cultures through his powerful visual storytelling. This narrative shift was fully on display with his work on Beyoncé’s Grammy-nominated visual album “Black is King,” in 2020, which Stuurman knew would reach a massive audience. In 2021, Stuurman photographed the “Coming to America 2” x Uoma Beauty “Black is Magic” collection to showcase African creativity and contemporary cultures. “Everyone has the artistic ability, but not everyone has the professional tool set to execute and build a long-lasting career,” Stuurman said. “[The Manor] is about extending the table and creating a table as opposed to asking for a seat at the table.”Watch the full episode of African Voices Changemakers featuring Trevor Stuurman.

Persons: Trevor Stuurman, unapologetically, ”, Stuurman, ” Stuurman, Elle Magazine’s, Trevor Stuurman “, Shaka iLembe, Naomi Campbell, Gigi, Bella Hadid, Kendall Jenner, Barack Obama, “ Organizations: CNN, South, Beyoncé’s, United Nations, Gates Foundation, Disney, creatives, ” Locations: South Africa, “ Africa, London, Kimberley, Johannesburg, Cape Town

☆ '3 Body Problem' director says the 'pressure was huge' to represent Chinese history accurately on screen
▼ + stars: | 2024-03-26 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +12 min

"3 Body Problem" is a show about aliens — but before that, it's about a woman during the Cultural Revolution. AdvertisementNetflix's "3 Body Problem" is preoccupied with the far-flung reaches of the universe — but its moments of deep, historical specificity are where it thrives the most. BI spoke with the director about the pressure to authentically render Chinese history and virtual reality alike on screen. Ye Wenjie's father is beaten to death during a struggle session during the Cultural Revolution in "3 Body Problem." Derek Tsang on the "3 Body Problem" set with Jess Hong and camera operator Sean Savage.

Persons: Derek Tsang, Ye, Tsang, —, Liu Cixin's, David Benioff, Weiss, Alexander Woo, Oscar, Yu Guming, Tseng, Maria Heras, Zine Tseng, Ye Wenjie, Dave, Dan, Alex, you've, she's, It's, Ed Miller, it's, David, they're, Jess Hong, Sean Savage, Jonathan Freeman, Jonathan, Jin Cheng, We've Organizations: Service, Hong, Cultural, Netflix Locations: Hong Kong, Ye Wenjie's, Ye, London, David, China, American

☆ Diddy is one of hip-hop's richest and most powerful businessmen. Take a look at his net worth and web of influence.
▼ + stars: | 2024-03-26 | by ( Madeline Berg | Kelsey Vlamis | ) www.businessinsider.com time to read: +10 min

Read previewFederal officials raided the Los Angeles and Miami homes of Sean Combs on Monday. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way. Mr. Combs is innocent." Within the first two years of the partnership, annual sales grew from 75,000 to 400,000 cases, according to a lawsuit Combs filed against Diageo last year. "She recognized that she was powerless, and that reporting Mr. Combs to the authorities would not alter Mr. Combs's status or influence but would merely give Mr. Combs another excuse to hurt her."

Persons: —, Sean Combs, Combs, Casandra Ventura, Ventura, Cassie, Rodney Jones Jr, Lil Rod, groping, Aaron Dyer, Mr, Diddy, Craig Mack, Faith Evans, Mase, B.I.G, Forbes, Sean John, they'd, DeLeon, He'd, Mark Wahlberg, Ciroc, Ethan Miller, Zack O'Malley Greenburg, Jay, — he's, he's, Kerry James Marshall, Andy Warhol, Keith Haring, Jean, Michel Basquiat, Joi Dickerson, Neal, Jane Doe, Sean Jean Organizations: Service, Federal Homeland Security, AP, Business, Bad Boy Records, Uptown Records, East, Bad, Arista Records, Global Brands Group, Diageo, of, Hulu, Combs Enterprises Locations: Los Angeles, Miami

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