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A blue and white Shark Vacuum on a store display. After its listing at just over $30 a share, the stock — trading under ticker symbol SN — rocketed 40% in its first day. Shark's upright vacuums and Ninja's electric grills each account for 43% of their respective markets in the U.S., the filing showed. From 2019 to 2022, Shark's robot vacuum market share grew from 15% to 25%. JS Global separated the U.S. and China businesses, citing "geographic-specific considerations."

Persons: Mark Barrocas, SharkNinja, greenlit Amazon's, Xuning Wang Organizations: SharkNinja, New York Stock Exchange, Kong's, CNBC, U.S, Amazon, JS Global Locations: Friday's, China, North America, U.S, Boston, Needham , Massachusetts, Hong Kong

☆ Sun bear: World's smallest bear finally has its time in the sun. But is that a good thing?
▼ + stars: | 2023-08-05 | by ( Heather Chen | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —The world’s smallest bear is finally having its moment in the sun – thanks to a viral video that sparked a conspiracy theory on Chinese social media. “With all the media attention surrounding the (sun bear videos) we have a good opportunity to further educate ourselves to save this species.”Taronga Zoo is not alone. A sun bear inside at the Vietnam bear rescue centre, in Tam Dao national park, Vinh Phuc, Vietnam, 09 July 2019. Cubs are especially cute and docile and can be easily tamed compared to bigger and more aggressive bears, said bear expert Dave Garshelis, chair of the IUCN SSC Bear Specialist Group. Will the viral videos actually help save these amazing bears?

Persons: Angela, ”, Wong Siew Te, Wong, Taronga zookeeper Logan Dudley, “, ” Afiqah Nasir, Bosco Chan, ” Chan, Minh Hoang, Dave Garshelis, Thomas Stamford, Garshelis, Shao Zhenzhen Organizations: Hong Kong CNN, CNN, Sun Bear Conservation Center, Taronga Zoo, Singapore Zoo, World Wildlife Fund, Cubs, IUCN SSC Bear Specialist Group, Thomas Stamford Raffles, Singapore Locations: Hong Kong, Hangzhou, China, Sabah, Malaysia, Southeast Asia, Sydney, Australia, Vietnam, Tam Dao, Vinh Phuc, British, Indonesia, Kuala Lumpur, Singapore

☆ CNBC Daily Open: Investors are looking for signs of weakness
▼ + stars: | 2023-08-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Apple's revenue falls from a year agoApple beat Wall Street expectations for both earnings and sales in its fiscal third quarter. However, overall sales fell 1% year over year to $81.8 billion, with iPhone, iPad and Mac revenue all dropping. Instead, the MPC vowed to "ensure that Bank Rate is sufficiently restrictive for sufficiently long to return inflation to the 2% target."

Persons: BoE Organizations: Apple, CNBC, Amazon Amazon, Treasury, of, Bank of England, Monetary, MPC Locations: Shanghai, China, That's

☆ Paul Reubens, actor best known as Pee-wee Herman, dies at 70
▼ + stars: | 2023-07-31 | by ( Austin Mullen | David K. Li | ) www.cnbc.com time to read: +3 min

Actor Paul Reubens arrives as a guest for Comedy Central television's South Park The Tenth Season party in Los Angeles September 21, 2006. Actor Paul Reubens, who came to fame in the 1980s as children's TV star Pee-wee Herman, has died years after a cancer diagnosis, his team said Monday. Reubens rocketed to fame for creating the sarcastic but good-natured man-child Pee-wee Herman, a character whose red bowtie and sneering catch phrases — "I know you are, but what am I?" That eventually led to Reubens' big break, the 1985 movie "Pee-wee's Big Adventure," helmed by first-time feature film director Tim Burton. The success of "Pee-wee's Big Adventure" led to Reubens landing a Saturday morning CBS show, "Pee-wee's Playhouse."

Persons: Paul Reubens, Herman, Paul, Reubens, I've, Tim Burton, Penelope Cruz, Johnny Depp, Jimmy Kimmel Organizations: Comedy Central, Facebook, HBO, CBS, wee's Locations: Los Angeles, American, Sarasota Florida

☆ Russia's economic isolation from the West is deepening its China dependency – car imports from the Asian nation shot up 540%
▼ + stars: | 2023-07-28 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Russian imports of Chinese cars rocketed 543% in the first half, local media reported. Russia now gets 70% of its imported cars from China, compared with just 10% prior to the Ukraine war. That highlights Russia's growing economic dependency on China – thanks to Moscow's deepening from the West. Before the Ukraine war, Chinese cars made up just 10% of Russia's car imports, according to the report. Xi has not publicly condemned Russia's war on Ukraine and continues to ramp up trading ties with Moscow.

Persons: Putin, Cui Dongshu, Vladimir Putin, Xi Organizations: Service, Motors, Ford, Mercedes, Benz, RBC, Federal Customs Service, European Union, –, China Passenger Car Association, Global Times, UN Security Council Locations: Russia, China, Ukraine, Wall, Silicon, – Russia, Western, Moscow

July 28 (Reuters) - U.S. banks should incorporate the Federal Reserve's emergency lending facility known as the "discount window" as part of their contingency funding plans, federal banking regulators said in updated guidance on Friday. The discount window is "an important tool" banks can use to manage liquidity risk, bank regulators including the Federal Reserve and Federal Deposit Insurance Corp said in an updated interagency policy statement. Bank runs in mid-March that forced regulators to shut down Silicon Valley Bank and Signature Bank "underscored the importance of liquidity risk management and contingency funding planning," the agencies said. "Banks are now working to see that they are ready to use the discount window, and we are strongly encouraging them to do that," he said. Reuters GraphicsThe guidance also said financial institutions should establish and maintain operational readiness to use the discount window, including conducting periodic small value transactions.

Persons: Lorie Logan, Jerome Powell, Banks, Hannah Lang, Dan Burns, Marguerita Choy, Richard Chang Organizations: Federal Reserve, Federal Deposit Insurance Corp, Bank, Signature, Dallas, Reuters, Thomson Locations: Washington

☆ How the ghost of 1990s property crash returned to haunt Sweden
▼ + stars: | 2023-07-28 | by ( John O'Donnell | ) www.reuters.com time to read: +4 min

SummaryCompanies Swedish house market tumbles as rates riseSwedes dusting down 1990s blueprint to contain crisisBanks say willing to seize collateralFRANKFURT, July 28 (Reuters) - Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. At the centre of the fallout is a $13 billion property group, SBB, which borrowed to buy public property including social housing, government offices, schools, hospitals and police stations. While property doubled in value in the five years leading up to the 1990s crash, prices have since risen five-fold. Sweden's bruising experience in the 1990s, when banks seized swathes of property underpinning loans, hardened its approach and gave it a blueprint for coping with crises. Swedbank has 1 trillion crowns ($97 billion) in mortgages and loans to tenant owner associations and a further 240 billion crowns in loans to property management companies.

Persons: Jens Henriksson, Price, Karolina Ekholm, Swedbank's, Swedbank, Carl Cederschiold, Masih Yazdi, Bo Lundgren, Lundgren, John O'Donnell, Marie, Alison Williams Organizations: SBB, Sweden's, Marie Mannes, Thomson Locations: FRANKFURT, Europe, Sweden, rocketed, Stockholm, Swedish

☆ Centrica hikes dividend as profits at British Gas soar
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: +2 min

Britain's Centrica announced bumper returns for shareholders on Thursday after its first-half profits surged on an almost ten-fold increase at its British Gas supply business. Centrica has doubled its support package for struggling customers to 100 million pounds ($130 million), it added. The British Gas Energy supply division posted adjusted profits of 969 million pounds versus 98 million a year earlier. The firm said it would invest 4 billion pounds by 2028 on security of supply, energy flexibility and renewable power. Overall, Centrica's adjusted operating profit for the first six months of 2023 rose to 2.08 billion pounds from 1.34 billion pounds a year earlier.

Persons: Britain's Centrica, Chris O'Shea, Centrica, O'Shea Organizations: British Gas, British Gas Energy, EDF's Locations: Ukraine

☆ Why Gen Z, Millennials, Boomers, and Gen X Fight: Generational Conflict
▼ + stars: | 2023-07-26 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +15 min

Gen Z is soft, millennials are embarrassing, boomers are evil, and no one has thought about Gen X in years. But late this spring, Pew announced it would no longer use generational labels such as millennial and Gen Z in its research. By and large, Cohen shares Duffy's view that generational labels make it tough for both experts and laypeople to distinguish between generational traits and universal, or multifactorial, occurrences. To its credit, Pew has been transparent in acknowledging how the use of generational labels may have tilted its analyses. Pew "does believe generational research can be a useful tool in the right context," Parker told me.

Persons: Gen X, Pew, Kim Parker, Parker, Obama, Millennials, boomers, Gen Zers, Xers, —, Karl Mannheim, Louis Menand, Menand, Andrew M, Lindner, Sophia Stelboum, Azizul Hakim, William Strauss, Neil Howe, Strauss, Howe's, Baby Boomer, Portia, Zers, Gen Xers, Philip N, Cohen, it's, Bobby Duffy, Duffy, Stelboum, Hakim, Michael Dimock, Kelli María Korducki Organizations: Pew Research Center, Pew, Skidmore College, University of Maryland, College, Washington, King's College London Locations: Mannheim, New York City

☆ Five-star Spain cruise into World Cup knockouts with thumping win over Zambia
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +4 min

That's the ambition I like to see in the team," Spain coach Jorge Vilda told reporters. Zambia had their chances on the counter-attack but failed to test Misa Rodriguez in Spain's goal with a number of wayward shots. "Spain are very experienced... we are just developing, we still need more experience," Zambia skipper Barbra Banda said. Sakala had the final say, however, when she made a string of saves to deny both Hermoso and Redondo from claiming hat-tricks. "Today's game, we actually played much better than we did the first game," Zambia coach Bruce Mwape said.

Persons: Jennifer Hermoso, David Rowland AUCKLAND, Teresa Abelleira, Alba Redondo, Jorge Vilda, Vilda, Alexia Putellas, Ballon, Abelleira, Hermoso, Ona Batlle, Salma Paralluelo, Eunice Sakala, Catherine Musonda, Redondo, Jeong Oh, Hyeon, Misa Rodriguez, Barbra Banda, Sakala, Bruce Mwape, they've, Rohith Nair, Toby Davis Organizations: Soccer Football, FIFA, REUTERS, debutants, Alba, Costa Rica, Thomson Locations: New Zealand, Spain, Zambia, Eden, Auckland , New Zealand, debutants Zambia, Japan, Costa, Costa Rica, Spain's, Redondo, Bengaluru

☆ Rolls-Royce shares soar 19% after engine-maker raises guidance
▼ + stars: | 2023-07-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany. LONDON — Shares of Rolls-Royce rocketed to their highest level since the start of the pandemic Wednesday morning after the British aerospace and defense firm raised its full-year profit guidance and said it would vastly outperform expectations for its half-year results. Market consensus is currently for a £934 million underlying operating profit, the company said. It added that it sees its first-half underlying operating profit, due August 3, coming in at just over double analyst expectations of £328 million. Rolls-Royce makes engines for Airbus and Boeing.

Persons: Royce rocketed Organizations: Rolls Royce, Royce, LONDON, Airbus, Boeing Locations: Blankenfelde, Berlin, Germany, British

☆ Why Threads will never be the new Twitter
▼ + stars: | 2023-07-23 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

While Twitter became popular as a place to stay informed and get access to critical information, Meta wants Threads to be a hangout space for lifestyle brands and influencers. Enter: ThreadsIn a Threads post, Mosseri said that the company's goal "isn't to replace Twitter" but "to create a public square for communities on Instagram that never really embraced Twitter and for communities on Twitter (and other platforms) that are interested in a less angry place for conversations." In other words, Threads isn't targeting the entire Twitter user base, just a segment of it. On some level, Threads' aversion to Twitter's free-flowing conversation makes sense — discourse on Twitter can get pretty toxic. In its bid for a cash-cow app, Threads is foregoing everything that made Twitter special — no political debate, no train updates, no crowdsourcing breaking news.

Persons: Mark Zuckerberg's, Adam Mosseri, Meta isn't, Donald Trump, —, Mosseri, Meta, Musk, it's, Jennifer S, that's, Paris Marx Organizations: Meta, Elon, Twitter, Facebook, Google, Transportation Locations: Australia, Canada, California, Paris

☆ Why Zuckerberg's Threads App Will Never Be the New Twitter
▼ + stars: | 2023-07-23 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

Threads, the newest social-media app from Meta, rocketed past 100 million users less than a week after it went live. The app has since been hailed as the Twitter replacement people have been clamoring for since Elon Musk's takeover — and bungling — of the platform. That's because Meta isn't trying to fill the shoes of its competitor. In other words, Threads isn't targeting the entire Twitter user base, just a segment of it. In its bid for a cash-cow app, Threads is foregoing everything that made Twitter special — no political debate, no train updates, no crowdsourcing breaking news.

☆ Why are far-right parties on the march across Europe?
▼ + stars: | 2023-07-22 | by ( Christian Edwards | ) edition.cnn.com time to read: +14 min

Far-right parties are propping up coalitions in Finland and Sweden. Afraid of losing voters to UKIP (and other far-right parties), the governing Conservatives ended up adopting many of its positions. Chesnot/Getty Images Europe/Getty ImagesConversely, far-right parties have attempted to sanitize some of their rhetoric, hoping to appear a more credible electoral prospect. Leon Neal/Getty ImagesA different type of populismAnd so the recent successes of far-right parties cannot be explained by dramatic shifts in public opinion. A lot depends on the ability of mainstream parties – particularly on the left – to build tents big enough to accommodate their differences, rather than compromising with far-right parties to prop up their coalitions.

Persons: Donald Trump, –, Emmanuel Macron, Angela Merkel’s, Mario Draghi, Jaroslaw Kaczynski, Viktor Orban, Andrej Babis, Czech Michael Bloomberg, Czech Donald Trump, Meloni, Mussolini, Nigel Farage, Jack Taylor, Farage, Jean, Marie Le Pen, Marine, Lionel Jospin, Jacques Chirac, Petteri Orpo, Sanna Marin, Vilhelm Junnila, Ulif Kristersson, Mark Rutte’s, Pen, Chesnot, Philippe Marlier, ” Le, Matteo Salvini, Vladimir Putin, Tino Chrupalla, Alice Weidel, Thomas Lohnes, Omer Messinger, Larry Bartels, Boris Johnson, Leon Neal, Giorgia Meloni, Odd Andersen, Orban, Kaczynski, Rutte’s, Pedro Sanchez Organizations: CNN, White, Channel, European Central Bank, Italy’s, Vox, UK Independence Party, UKIP, European Union, EU, Conservatives, National, Socialist, Socialists, Finns Party, Swedish, Sweden Democrats, Rassemblement National, University College London, Lega, Ukraine, Russia, Former British, Italy's, NATO, Getty, Spain’s Locations: United Kingdom, United States, Europe, Brussels, Spain, Poland, Hungary, Germany, Czech, France, Finland, Sweden, Austria, European, Netherlands, Russian, Oxfordshire, Vilnius

Weeks later, Mr. Trump is the former President Trump. Instead, in a brief televised address shortly before 2:30 a.m., Mr. Trump furiously laid down his postelection lie. For weeks, Mr. Trump had been peppering him with tips of fraud that, upon investigation by federal authorities, proved baseless. The cavalry “is coming, Mr. President,” Kylie Kremer tweeted to Mr. Trump on Dec. 19. On Jan. 15, Mr. Trump acquiesced to an Oval Office meeting with Mr. Lindell, who arrived with two sets of documents.

Persons: Donald J, Trump, Joseph R, Biden, Justin Clark, Rudolph W, Giuliani, Clark, Weeks, Mitch McConnell, McConnell, Jared Kushner, McConnell’s, Biden’s, William P, Barr, Mr, Trump’s, Sidney Powell, Lin Wood, sleuths, MyPillow, Mike Lindell, Patrick Byrne, Stephen K, Bannon, Michael T, Flynn, platformed, Jared Taylor, Enrique Tarrio, Doug Mills, Eric, “ We’re, ”, Fox, Eric Trump, Newt Gingrich, Joe Biden’s, Kevin McCarthy, Laura Ingraham, Obama, Dennis Montgomery, Thomas McInerney, McInerney, John McCain, Bannon’s, “ it’s, Paul Gosar, Doug Ducey, Roy Blunt of, Roy Blunt, Anna Moneymaker, —, “, ” Mr, Mark Meadows, Josh Holmes, Kushner, — Mr, Mitt Romney, Lisa Murkowski, Lindsey Graham, Sean Hannity, Lindsey Graham of, Sean Hannity’s, — I’ve, Let’s, Graham, Pat A, Axios, Brendan Smialowski, “ Hannity, Thomas, Jenna Ellis, Matt Morgan, Al Gore, George W, Bush, Brooks, Stefan Passantino, Powell, Lynsey Weatherspoon, Gore, William H, Rehnquist, Giuliani —, Kris Kobach, Mark Martin, Lawrence Joseph, Kobach, Uncle Sam, Mr . Biden, Ken Paxton, Jeffrey M, Landry, Paxton, Kyle D, Hawkins, Jacquelyn Martin, Joseph, Richard L, Chris Carr, Carr, Mike Johnson of, Mike Johnson, McCarthy, Privately, Ted Cruz of, John Sauer, ’, ” James E, Nicolai, North, Wayne Stenehjem, Stenehjem, Wayne, Tasos Katopodis, MAGA, Marjorie Taylor Greene, Marsha Blackburn of, Ms, Blackburn, Amy Kremer, Ann Stone, Roger Stone, Amy Coney Barrett, Kremer’s, Kylie Jane Kremer, Jennifer Lawrence, Dustin Stockton, Lawrence, Stockton, I’ve, Lindell, they’d, Taylor, Greg Locke, Covid, Michael McKinney, Tucker Carlson, Carlson’s, “ Donald Trump, ” Ms, Meadows, Georgia runoffs, Byrne, Cipollone, he’d, Martin, Mike Pence, reconvene, ” Kylie Kremer, James Yeager, Kylie Kremer, Yeager’s, Lawrence whooped, John Kennedy, James Lyle, Josh Hawley, “ You’ve, Lyle, Couy Griffin, Kennedy, Pete Marovich, Kremer, Julie Jenkins Fancelli, Alex Jones, Caroline Wren, Kimberly Guilfoyle, Donald Trump Jr, Katrina Pierson, Brad Raffensperger, Jeffrey A, Rosen, Department’s, Jeffrey Clark, Scott Perry, Hawley, Cruz, Year’s, Tom Cotton of, Cotton, Cindy Chafian, Chafian, Jones, Stone, Locke, Jan, “ You’ll, Gosar, Griffin, Robert O’Brien, I’m, ’ ”, Kenny Holston, Donald Trump, ” Mark Walker, Ben Margot, Stefani Reynolds, Samuel Corum, Erin Schaff, David J, Ted Cruz, John Bazemore Organizations: Twitter, Dominion Systems, Trump, Biden, Dominion, New, New York City, The New York Times, Senate, New York, Republican Party, Capitol, White, Times, The Times, America News Network, Fox, America, Boys, New York Times, American, Air Force, Electoral College, Republicans, Joe Biden’s Democratic Party, Republican, Facebook, Democrats, Associated Press, “ Fox & Friends, White House, West Wing, “, Federal Bureau of Investigation, Veritas, Justice Department, Postal Service, York Daily, Agence France, Zignal Labs, Amistad, Thomas More Society, Mr, Electoral, Supreme, Lawyers, General Association, Associated, State, University of California, Republican House, Women, Tea Party, Trump -, Breitbart, of, Credit, SPAN, Tea Party Express, Republican National Committee, Internet, Army, Des Moines Register, Marine, General Services Administration, Swedish, Cowboys, Capitol ., Street Journal, Save, General Association ., Law Defense Fund, Freedom, Coalition, Proud Boys, Willard, Homeland Security, Party, Getty, Georgia Electoral College Locations: Detroit, Arizona, Georgia, New York, America, China, Trump, Grand Rapids, Mich, Philadelphia, Atlanta, Milwaukee, Santa Cruz ,, Arizona —, Russia, North Vietnam, United States, Roy Blunt of Missouri, Kentucky, Utah, Alaska, Lindsey Graham of South Carolina, Erie, Pa, Pennsylvania, Long, Bush, Florida, tightest, Kansas, North Carolina, Ken Paxton of Texas, Texas, State of Texas, Michigan, Wisconsin, Irvine, Mike Johnson of Louisiana, Ted Cruz of Texas, Missouri, Washington, Marsha Blackburn of Tennessee, Trump’s, Hudson, Stockton, Tennessee, Des Moines, Meadows, White, fistfights, Nashville, West Monroe, La, Louisiana, drumbeating, Tom Cotton of Arkansas, Delaware

☆ Laid-off Twitter staff in Africa say they've been 'ghosted' and haven't received their promised severance pay months later, report says
▼ + stars: | 2023-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The workers Twitter laid off in Africa claim the company "ghosted" them, CNN reported. The ex-employees told CNN they still haven't been given the severance pay they were promised. The workers that Twitter laid off in Ghana claim that they've been "ghosted" by Elon Musk's social-media company and haven't received their promised severance pay, CNN reported. But communications with the company have since stopped and they're still waiting for severance pay, the laid-off staff told the outlet. "They literally ghosted us," one of the laid-off employees told CNN.

Persons: Elon Musk, they've, Elon Musk's, haven't, Musk, they're, Twitter didn't, he's Organizations: Twitter, CNN, Elon, Morning, Staff Locations: Africa, Ghana

☆ Even Twitter employees are signing up to Mark Zuckerberg's Threads, report says
▼ + stars: | 2023-07-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Even Twitter employees apparently can't resist signing up for Meta's hot new app Threads. According to an analysis by The Daily Beast, at least 31 Twitter staffers signed up to Threads. Former Twitter employees have also been turning up on the new platform. Even Twitter employees apparently can't resist signing up for Meta's hot new app Threads. The publication selected a random sample of 133 Twitter employees identified by their LinkedIn pages and matched them to corresponding Threads accounts.

Persons: Esther Crawford, Crawford, Mark Zuckerberg's jibes, Linda Yaccarino Organizations: Daily, Twitter, Elon

☆ Morgan Stanley: These 37 stocks are the emerging leaders of the global AI arms race, and will see double the profit growth of the broader market over the next 3 years
▼ + stars: | 2023-07-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

A July 6 report from Morgan Stanley lists the leading companies set to benefit from GenAI. According to the report, the total addressable market for AI technology is expected to triple from $90 billion to $275 billion in the next four years. This will result in continued sales and earnings growth within the industry over the next five to 10 years, which will directly benefit the AI leaders Morgan Stanley identified. Below are the 37 leading names that provide AI technology in various sectors. Each stock includes its category, Morgan Stanley's price targets displayed in local currencies, and whether it has an overweight or underweight rating from Morgan Stanley analysts.

Persons: Morgan Stanley, Goldman Sachs, Morgan, Shawn Kim, Kim, they're Organizations: Nvidia, Microsoft

☆ AXA’s XL cleanup would be logical, if belated
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

The boss of $66 billion AXA (AXAF.PA) bought XL Group back in 2018 to beef up its position insuring against storms and other catastrophes. AXA XL’s reinsurance arm, about 10% of group revenues, also drove pricing up 7% last year. Based on AIG’s (AIG.N) recent sale of its reinsurance arm Validus Re, which was done at 1.4 times book value, XL’s reinsurance unit might be valued at around $2.8 billion. The extra cash may help placate investors that never much liked the deal, given that the contribution to earnings from XL should now be more stable. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Thomas Buberl, Aimee Donnellan, George Hay, Oliver Taslic Organizations: Reuters, AXA, XL Group, XL, Twitter, Thomson Locations: U.S, China

☆ Nvidia is looking to expand its silicon empire as it rides the AI boom - the chipmaker is in discussions for a stake in the UK's Arm
▼ + stars: | 2023-07-12 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Nvidia is in discussions to acquire a stake in UK-based chip designer Arm before it goes public. A stake in Arm will complement Nvidia's competencies as the world's top chipmaker, as it rides the AI boom. Nvidia previously tried to acquire Arm in 2020 – before US competition authorities blocked the move. While nothing has been finalized yet, Arm is looking for Nvidia to become a so-called anchor investor, the outlet said. Anchor investment is where an institution purchases a portion of a company's shares before it debuts on the stock market.

Persons: EV carmaker Rivian Organizations: Nvidia, Service, Financial Times, EV carmaker Locations: –, Wall, Silicon, British, Santa Clara

☆ All the major retailers have started using Meta's new Threads platform — except Costco
▼ + stars: | 2023-07-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

All of the largest retailers have activated their accounts, with the notable exception of Costco. That's not to say Costco doesn't have a presence on Threads — it's just not official. Dozens of Costco fan pages have already activated their accounts and are racking up thousands of followers. Unless Threads shows it can drive those two behaviors, it seems the famously frugal Costco will be content to sit this one out. Look no further than its official Twitter account, which contains zero posts and a bio reading, "Our Twitter account is currently inactive.

Persons: That's, Costco execs Organizations: Costco, Service, Twitter, Walmart, Kroger, Facebook Locations: Meta, Wall, Silicon

☆ Djokovic leads despite Hurkacz ace barrage
▼ + stars: | 2023-07-09 | by ( Martyn Herman | ) www.reuters.com time to read: +2 min

Hurkacz rocketed down 23 aces including one clocked at 141mph -- the fastest serve of the tournament so far. Djokovic will sleep a lot easier than he might have done if the 17th seed Hurkacz had taken the opening set after two aces saw him to 6-3 in the tiebreak. Djokovic won both his points on serve to close the gap and then returned a Hurkacz howitzer and the Pole could only roll a forehand into the net. This time Hurkacz's spinning volley crept over and Djokovic almost fell over the net as he missed the put-away. Another tiebreak arrived and Hurkacz won a stunning baseline rally to save a set point but two points later he sent a forehand out to hand Djokovic a two-set lead.

Persons: Serbia's Novak Djokovic, Poland's Hubert Hurkacz REUTERS, Dylan Martinez, Novak Djokovic, Hubert Hurkacz, Hurkacz, Djokovic, deuce, Andrey Rublev, Martyn Herman, Christian Radnedge Organizations: Lawn Tennis, Croquet Club, Dylan Martinez LONDON, Wimbledon, Djokovic, Thomson Locations: London, Britain, Russian

☆ Emotional Rickie Fowler ends four-year winning drought with Rocket Mortgage Classic victory
▼ + stars: | 2023-07-03 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

Triumph at the Rocket Mortgage Classic on Sunday ended the Fowler’s four year wait for a sixth PGA Tour title as the 34-year-old emerged victorious from a three-way playoff at Detroit Golf Club in Michigan. By July 2022, he found himself outside the world’s top 150 ranked players for the first time since his rookie season on the PGA Tour 12 years prior. Brian Spurlock/Icon Sportswire/APNear-misses for Hadwin and Morikawa extended the pair’s search for further PGA Tour wins. The fans still come out to see him no matter how he’s playing, but he’s been playing well. “Look how he’s been playing, especially the US Open, the scores he’s been posting last week, it’s awesome.

Persons: Rickie Fowler, Ricky Romano –, Collin Morikawa, Adam Hadwin, Fowler, “, “ I’m, cradling, Maya, Allison Stokke Fowler, –, Allison, Carlos Osorio, ” Fowler, it’s, rocketed Fowler, I’ve, ” Fowler birdies, Brian Spurlock, Morikawa, Hadwin, Morikawa’s, “ It’s, he’s, ” Morikawa, ” Organizations: CNN, Rocket, Detroit Golf Club, Waste Management, PGA, PGA Tour, Royal Liverpool Locations: Michigan, ”, Arizona, Los Angeles

☆ Tiktok parent company ByteDance wants to capitalize off the success of BookTok but authors worry it might ruin BookTok in the process
▼ + stars: | 2023-07-01 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

After the viral success of BookTok, TikTok's parent company has now launched 8th Note Publishing. Meanwhile, publishing professionals are skeptical that viral success alone could sustain sales. TikTok's parent company, ByteDance, has launched a new publishing company, worrying some authors who told the New York Times they're concerned the social media company will unfairly promote their own books. Furthermore, 8th Note Publishing has yet to offer authors competitive advances compared to traditional publishing companies, the Times reports. In response to these concerns, TikTok told the Times that 8th Note Publishing would operate separately from TikTok.

Persons: New York Times they're, BookTok, TikTok, Dustin Thao, ByteDance, Ella Fox, Cindy Hwang, Berkley Organizations: Publishing, New York Times, Times Locations: bibliophiles, TikTok

☆ Overstock.com shares spike 20% after company announces Bed Bath & Beyond website rebrand
▼ + stars: | 2023-06-29 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +2 min

Bed Bath & Beyond maintains strong brand awareness, Johnson said, despite mismanagement and eventual bankruptcy. "We'll do this transition slowly where the Overstock customer will come to the new website and will recognize it, but so will the Bed Bath & Beyond customer. "One thing that Bed Bath & Beyond customers will realize is that our non-coupon price is really good. The new Bed Bath & Beyond website is set to be relaunched in Canada within the next week, with a subsequent rollout of a website, mobile app and loyalty program in the U.S. expected in the coming weeks. Overstock shares are up almost 60% so far this year.

Persons: rocketed, Jonathan Johnson, Johnson, CNBC's Locations: Canada, U.S

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