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☆ Burning Man’s libertarian dream gets reality check
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

Vehicles are seen departing the Burning Man festival in Black Rock City, Nevada, U.S., September 4, 2023. REUTERS/Matt Mills McKnight Acquire Licensing RightsNEW YORK, Sept 5 (Reuters Breakingviews) - “Exodus Operations have officially begun” is the self-important way organizers described allowing over 60,000 mud-bound attendees to leave Burning Man on Monday. The anarcho-arts festival’s rain-soaked disaster highlights the tension between its founding libertarian ethos and smoothly running operations of this size. Burning Man is the latest, after freak rainstorms turned its usually arid desert venue into a mud-pit on Saturday, necessitating a shelter-in-place order. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Matt Mills McKnight, ”, rainstorms, Elon Musk, Ray Dalio, Grover Norquist, Robert Cyran, Hong Kong, Jonathan Guliford, Sharon Lam Organizations: REUTERS, Reuters, Operations, X, Intel’s, Hong, Thomson Locations: Rock City , Nevada, U.S, Woodstock

☆ Preparations for Burning Man: How organizers told festivalgoers to prepare for heavy rain
▼ + stars: | 2023-09-04 | by ( Zoe Sottile | ) edition.cnn.com time to read: +9 min

Burning Man attendee Masha Maltsava wears trash bags on her feet while walking through water at Burning Man on Saturday, September 2, 2023. Nicole Gollub, who has attended four Burning Man events, said despite her prior experience and serious preparations, she still wasn’t ready for this year’s intense rain. A still from a drone video shows waterlogged campsites at Burning Man on Saturday, September 2, 2023. Still, Burning Man veterans are supportive of these newcomers, according to Gollub. Still, she said, she “didn’t really get it right.”“You need help,” she said, emphasizing the crucial role that community plays in Burning Man.

Persons: Masha Maltsava, ”, Masha Maltsava ‘, “, porta, Nicole Gollub, Gollub, ” Gollub, “ there’s, Kyle M, Omar Sedky, Sedky, Maltsava, Sharief, “ didn’t, ” Sharief, she’d Organizations: CNN, Desert, Man, ”, “ Reliance Locations: Nevada, Nevada’s, Gerlach, Reno, ’

In a memo to staff Ermotti said that 3,000 Swiss jobs would go, while more people would leave of their own accord, for example, through retirement. With a market value of 77 billion Swiss francs, UBS also struck an optimistic note about its short-term outlook. With Credit Suisse in Switzerland intact and independent, as some politicians had hoped, fewer jobs would have been hit. [1/2]Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Reuters GraphicsThe bumper profit results from a huge one-off gain that reflects how the acquisition costs were far below Credit Suisse's value.

Persons: Ermotti, Sergio Ermotti, Denis Balibouse, Jefferies, Brenna Hughes, John O'Donnell, Noele, Edwina Gibbs, Tomasz Janowski, Alexander Smith Organizations: UBS, Credit Suisse Swiss, Credit Suisse, UBS grapples, REUTERS, Swiss Bank Employees Association, Analysts, Deutsche Bank, Reuters, Credit, Thomson Locations: Switzerland, ZURICH, Swiss, Zurich Switzerland, Zurich, London

☆ Schonfeld's growing pains: Ryan Tolkin reckons with his greatest challenge yet as returns dry up at the $13 billion hedge fund
▼ + stars: | 2023-08-23 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

When it was raising fresh money from investors in 2020, one slide on the pitch deck for the hedge fund Schonfeld Strategic Advisors got to the heart of the issue: "Why Schonfeld?" A hedge fund recruiterAmid the weakness, the fund has begun to prune costs. Steve Schonfeld (class of 1977) and Brad Tolkin (class of 1976) attended Roslyn High School in Roslyn Heights, New York. Tolkin told Insider in 2019 that the firm's goal was no less than becoming "the premier equities hedge fund globally." While Steven Schonfeld's 20% annual-return goals would've been ambitious for any sizable hedge fund, returns have also lagged behind peers.

Persons: Israel Englander, Ryan Tolkin, Steve Schonfeld, hasn't, It's, Schonfeld, Quita Ramirez, Trina Geatz, who've, Tolkin, Goldman Sachs, Andrew Fishman, Goldman Sachs —, Steven Schonfeld's, Ryan Tolkin's, Brad Tolkin, Brad, Jeff, Alex Morrell Steve, CJ, Sean, Ryan, Brad Tolkin's, Steven Schonfeld, Ryan —, who's, Steve, Michael Gelband, Michael Englander, Izzy Englander's, Steven, Sharpe, Fishman, Michael Nagle, Colin Lancaster, would've, Brevan Howard, ExodusPoint Organizations: Citadel, Duke, Goldman, Long, Newsday, Schonfeld Securities, Roslyn High School, American Express, Cleveland Cavaliers, Jewish, —, Bloomberg, Strategic Partners, Equity, Schonfeld, Nasdaq, Management Locations: Israel, Miami, Stamford , Connecticut, Manhattan, Delta, Duke, Long Island, Roslyn Heights , New York

☆ Ethos Asset Management's CEO discusses its project financing model
▼ + stars: | 2023-08-21 | 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 EmailEthos Asset Management's CEO discusses its project financing modelCarlos Santos, CEO of Ethos Asset Management, discusses the company's value proposition in a time of high interest rates and tight liquidity conditions.

Persons: Carlos Santos Organizations: Ethos Asset Management

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ MaC Venture Capital hires TCG veteran Jennifer Randle as its first chief operating officer
▼ + stars: | 2023-08-15 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

MaC Venture Capital has hired Jennifer Randle as its first COO. In less than three years, MaC Venture Capital has become a presence in the tech ecosystem that cannot be ignored. Jennifer Randle, a finance and operations veteran, has joined MaC as its first chief operating officer — a sign of a maturing firm with more personnel and funds to manage. In this role, Randall will support firm operations from finance and accounting to investor relations and IT. In April of 2023, according to data gathered by Venture Forward, Deloitte, and the National Venture Capital Association, Black investors made up only 4% of investment partners with decision-making responsibilities.

Persons: Jennifer Randle, Randle, MaC, —, Randall, Peter Chernin, That's, Marlon Nichols, Nichols Organizations: MaC Venture Capital, Chernin, nab, MaC, Capital Partners, KPMG, Venture, Deloitte, National Venture Capital Association Locations: America, Mansa

☆ Hillary Clinton says Ron DeSantis is 'pathetic' and just trying 'to get some attention'
▼ + stars: | 2023-08-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Hillary Clinton told Rachel Maddow she thinks Ron DeSantis is "pathetic" and just trying to get "attention." Ron DeSantis is "pathetic" and just trying "to get some attention" for suggesting that presidents should have more control over the Department of Justice. "And I'm thinking, really, about Ron DeSantis as the guy who's running second to Donald Trump in the Republican primary right now. "He's promising anything to try to get some attention," Clinton told Maddow. Ron DeSantis' press secretary, Bryan Griffin, told Insider via email on Tuesday that DeSantis maintains this position.

Persons: Hillary Clinton, Rachel Maddow, Ron DeSantis, DeSantis, Clinton, MSNBC's Rachel Maddow, Donald Trump —, Maddow, Donald Trump, There's, Larry P, you've, That's, Bryan Griffin, Griffin, Monique Worrell, Critics Organizations: DOJ, Republican, Service, Florida Gov, Department of Justice, Republican Party, of Justice, FBI, Arnn, Politico, Trump Locations: Wall, Silicon, Florida, Georgia, Washington

☆ Opinion | The Lost Boys of the American Right
▼ + stars: | 2023-08-13 | by ( David French | ) www.nytimes.com time to read: +2 min

Yet while I freely acknowledge that there was more racism on the right than I was willing or able to see before the rise of Trump, there has been a distinct change in young right-wing culture. As I survey the right — especially the young, so-called new right — I see a movement in the grip of some rather simple but powerful cultural forces. Hatred, combined with masculine insecurity and cowardice, is herding young right-wing men into outright bigotry and prejudice. To understand the cultural dynamic, I want to introduce you to an obscure online concept, no enemies to the right. In fact, one of their prime reproofs of what they might call the zombie right, the Reagan right of their parents’ generation, is that it was simply too accommodating.

Persons: Hatred, they’re, Reagan Organizations: Trump

☆ Therapy Culture Has Undermined Our Maturity - The New York Times
▼ + stars: | 2023-08-10 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

In earlier cultural epochs, many people derived their self-worth from their relationship with God, or from their ability to be a winner in the commercial marketplace. But in a therapeutic culture people’s sense of self-worth depends on their subjective feelings about themselves. Do I feel good about myself? From the start, many writers noticed that this ethos often turned people into fragile narcissists. It pushed them in on themselves, made them self-absorbed, craving public affirmation so they could feel good about themselves.

Persons: Philip Rieff, Christopher Lasch, Tom Wolfe, Lasch, ” Lasch, ”

☆ Summer Camp Photographs: Then and Now - The New York Times
▼ + stars: | 2023-08-10 | by ( Josephine Sittenfeld | Photographs | ) www.nytimes.com time to read: +1 min

In 1999, after my freshman year in college, I was a counselor at a camp in central Vermont. Camp was where I found my professional calling: Teaching kids to mold clay flowers by hand made me realize I wanted to spend the rest of my life making and teaching art. Somewhere in this outdoor summer utopia — a blend of vaguely Quaker ethos with a communist, hippie, artsy sensibility and a dash of Midwestern kindness — I found my people. Although I was technically hired as a ceramics counselor, I also appointed myself the unofficial photographer of Camp Killooleet. Camp felt magical.

Persons: —, Camp Killooleet Locations: Vermont

☆ Sportswear brands seek retail space for their women's boots
▼ + stars: | 2023-08-09 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

A recent report coordinated by soccer's European Club Association found as many as 82% of female players in Europe experience discomfort wearing boots. "Football brands are making welcome progress on supporting the needs of female football players," said Conservative MP Caroline Nokes, chair of British Parliament's Women and Equalities Committee. "(But) major retailers give limited recognition to women and girls when it comes to football boots. "It is no good investing in research and making boots for female football players if women are unaware of those products or unable to buy them." The smaller IDA Sports offers a wide range of women's boots, saying they have done extensive research into the biomechanical difference between men and women.

Persons: Carl Recine, England's Lionesses, Caroline Nokes, Puma, Kathryn Swarbrick, Luna, Laura Youngson, Youngson, Lori Ewing, William Maclean Organizations: Soccer Football, FIFA, REUTERS, soccer's European Club Association, Conservative, Equalities, Adidas, Nike, Puma, Umbro, North, Manufacturers, Elite, IDA Sports, Sports, Thomson Locations: New Zealand, France, Morocco, Adelaide, Australia, Europe, North Europe

☆ Can These Three Much-Loved Musicals Ever Be Truly Revived?
▼ + stars: | 2023-08-08 | by ( Jesse Green | More About Jesse Green | ) www.nytimes.com time to read: +2 min

Like the movie, it was a blast, even if its satire, coming from all directions, seemed to have no target. (Much of what it pokes fun at are the conventions of musicals themselves.) Last year at Stratford, “The Rocky Horror Show” suffered from a similar problem — but recent Stratford productions of “Chicago,” “The Music Man” and “Guys and Dolls” (all directed and choreographed by Donna Feore) did not. (We’ll have a chance to find out with the arrival of a completely different “Spamalot” revival on Broadway this fall.) Maybe comedy needs to skip a few generations until minds that know nothing of migratory coconuts can test its enduring worth.

Persons: ”, Donna Feore, Lezlie Wade, Jesse Robb, “ Spamalot ” Organizations: “ Locations: Stratford, “, “ Chicago

☆ Inside Prague's Institute of Crypto Anarchy — where they're plotting to bring down the dollar
▼ + stars: | 2023-08-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

Today, that union of minds finds refuge in Prague in a retrofitted factory building called Paralelní Polis, or "parallel world." The dark stucco of Polis' Prague headquarters is an outlier among the ornate, brightly-colored buildings that tower over it. ETHPrague 2023 was held at Paralelní Polis in the Czech Republic Pavel SinaglThe 'parallel world' concept is sticky. The Vienna branch goes so far as to self-describe as a living example of how "the Paralelní Polis cryptoliberation virus is spreading." The most popular Czech bitcoin YouTuber boasts 90k subscribers, while the annual Czech-only bitcoin conference called Chaincamp attracts around 2000 visitors, even during the bear market."

Persons: Czech Republic Pavel Sinagl, Ztohoven —, Ztohoven, provocateurs, Václav Benda, Dan Ligocký, Ligocký, William Lobkowicz, ethereum, Vitalik Buterin, Ethereum, Pavel Sinagl, Prague MacKenzie Sigalos, Holy, William, Ileana Lobkowicz, Josef Tětek, Tětek, isn't, biohacking, —, Carl Menger, Friedrich Hayek, BTCPrague, Michael Saylor, Satoshi cryptographer, Adam Back, Saifedean Ammous, bitcoin, Gary Gensler, bitcoin maximalist, Vaclav, — Matěj Žák, Jan Čapek, Christoph Kassas, YouTuber Jakub Vejmola, Jameson Lopp, Stephan Livera, Robert Breedlove, Stani Kulechov, Ondrej Polak, Czech Republic Pavel Sinagl Ligocky Organizations: Paralelní, CNBC, European Union, Polis, of Cryptoanarchy, Austrian, Securities, Exchange, Czech Craft, U.S, Treasury, Casa, Ethereum Foundation, Czech Blockchain Association, optimist Locations: Paralelní Polis, Czech Republic, Czech Republic Pavel Sinagl PRAGUE, Czech, Bohemian, Prague, It's, Polis, Polis —, Lobkowicz, Nazi, Vienna, Barcelona, Bratislava, Slovakia, Košice, Austrian, ., Alza, Bohemia, Europe, Old Town, Holešovice

☆ Warren Buffett's protégé was hired after sending the billionaire a letter—but it wasn't just luck
▼ + stars: | 2023-08-06 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

Read any story about Tracy Britt Cool, and you're likely to come across the same anecdote. After graduating from Harvard Business School in 2009, she mailed a letter to Berkshire Hathaway Chairman Warren Buffett asking for a job at the legendary firm. After meeting with the Oracle of Omaha, she got one working as Buffett's financial assistant. The letter, and the tremendous success that it's led to, is the stuff MBAs and aspiring entrepreneurs daydream about. And maybe it was — but Britt Cool was willing to take a million shots.

Persons: Tracy Britt Cool, Warren Buffett, Buffett, Britt Cool, Kanbrick, Britt Cool's, it's Organizations: Harvard Business School, Berkshire Hathaway, Oracle, Berkshire, Wall Street, CNBC Locations: Berkshire, Omaha

The job for the United States women’s soccer team on Tuesday is clear, because that job never changes. The United States must get past Portugal to advance at the Women’s World Cup because that it what is needed, what is expected, what is required. It’s just kind of, why are you coming to the World Cup if you don’t think you should win it? The United States is a team in transition, a mix of veteran World Cup champions and fresh-faced World Cup rookies that has struggled both to dominate weaker teams and to unlock stronger ones. The United States knows it has arrived at a special moment in this World Cup.

Persons: Megan Rapinoe, “, doesn’t, Rapinoe, ”, haven’t, Vlatko, ” Andonovski Organizations: United, U.S, women’s Locations: United States, Portugal, U.S, Netherlands, Vietnam, England

☆ TikTok is heavily promoting Shop as it eyes e-commerce as a key growth driver. Here's a 9-page document it's used to court creators and sellers.
▼ + stars: | 2023-07-31 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

TikTok is wooing brands and creators to try its in-app shopping feature, Shop. In June, TikTok UK hosted an online summit detailing how to get started on Shop and best practices. Read the full 9-page document TikTok shared after the summit with information about Shop. Creators, meanwhile, are being offered cash bonuses, freebies, and other perks for promoting TikTok Shop products. In the UK, TikTok continues to aggressively pursue sellers, and offering "solutions designed with complex businesses in mind," Patrick Nommensen, UK e-commerce general manager, told Insider in June.

Persons: TikTok, Kris Boger, Patrick Nommensen Organizations: TikTok, Shop, Bloomberg, Amazon, Street Journal Locations: Southeast Asia, Europe, China

☆ I left my teaching job and went to Costco. I thought I'd only work there temporarily, but now I've climbed its corporate ladder and make more money — I feel safe here.
▼ + stars: | 2023-07-29 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +5 min

What I didn't know was that I'd get burnt out after eight years of my dream job and instead find my lifelong career at Costco. I was the kind of teacher who didn't have many rulesAs long as they were learning, I didn't mind what form it took. If I could've kept going to work, teaching my kids, planning for the next day, and going home, I think I would've been a teacher forever. I didn't plan on working at CostcoWhen I left teaching in 2022, a new Costco was being opened in my town. I figured I'd work there for the summer and give myself time to figure things out.

Persons: Maggie Perkins, she's, Perkins, didn't, that's, I'd, I've, it'd, It's Organizations: Costco, Service Locations: Wall, Silicon, Atlanta , Georgia, Washington, Vietnam

☆ The music industry is now driven by data, but this CEO still makes decisions based on 'gut feel and instinct'
▼ + stars: | 2023-07-29 | by ( Chris Johnston | ) www.businessinsider.com time to read: +7 min

Mushroom Records was founded in Australia in the 1970s by Michael Gudinski. Kylie Minogue started her recording career on Mushroom Records. Mariano Regidor/Getty ImagesWhile many decisions in the music business are now driven by data, "gut feel and instinct" remain part of the equation for his company at least. Kylie Minogue performs at the Mushroom Records 25th anniversary concert in Melbourne in 1998. Michael Gudinski founded Mushroom Records in 1972.

Persons: Michael Gudinski, Matt, Matt Gudinski, it's, That's, Beyonce, Taylor Swift, Ed Sheeran, TayTay, Matt Jelonek, that's, Kylie Minogue, Jimmy Barnes, Vance Joy, Madonna, Don Arnold, Gudinski, Michael, Minogue, Sheeran, Sting, Bruce Springsteen, Mariano Regidor, – I'm, Martin Philbey, Mushroom's, There's, Mushroom Organizations: Mushroom Records, Morning, YouTube, Mushroom Group, Touring, Getty, Victorian, ABC, Mushroom, Spotify, Universal Music, Coldplay, Universal Locations: Australia, New Zealand, Perth, Melbourne, Madrid, Spain, Europe, North America

Videos on Chinese social media show the frontman of the band Violent Champagne drop his shorts during a gig at the Rock Home Town festival in the city on Saturday. The recent return of live performances after years of pandemic lockdowns has been welcomed by music lovers in China. Videos on Chinese social media showed the singer dropping his shorts. WeiboShijiazhuang, the capital of the Hebei province surrounding Beijing, has been known for its indie music scene, something city officials have been keen to capitalize on. “Shijiazhuang wants to be the City of Rock, but do you have that gene?” said a comment on China’s Twitter-like Weibo following the singer’s detention.

Persons: Hong Kong CNN —, –, Ding –, ”, can’t Organizations: Hong Kong CNN, Twitter, Society, Communist Youth League of Locations: Hong Kong, China, Shijiazhuang, Weibo Shijiazhuang, Hebei, Beijing, of Rock, Weibo, Shijiazhuang ”, Communist Youth League of Hebei

☆ India’s opposition is uniting to unseat Modi in next year’s election. Should he be worried?
▼ + stars: | 2023-07-28 | by ( Rhea Mogul | ) edition.cnn.com time to read: +8 min

But despite previous personality clashes and power ambitions, the 26 opposition leaders appear unified in one goal: to overturn Modi. India's opposition leaders announce their alliance in Bengaluru, India, July 18, 2023. APGathering of important partiesCoined to evoke a sense of nationalism ahead of the 2024 general election, the INDIA alliance in a statement last week emphasized its goal of upholding the country’s democratic institutions. Modi described the INDIA alliance as a “hardcore corruption convention,” adding the BJP was on course to clinch another victory in 2024. Sanchit Khanna/Hindustan Times/Getty ImagesNo clear leaderWhile the BJP can bank on the popularity of Modi, the INDIA alliance has not yet put forward a leader to challenge him next year.

Persons: Narendra Modi, Modi, Indira Gandhi, Rahul Gandhi, ”, Niranjan Sahoo, PM Modi, tabling, “, Gilles Verniers, Sahoo, ” Sahoo, ” Rahul Gandhi, Sanchit Khanna, Gandhi, India’s, INIDA, shivers Organizations: New, New Delhi CNN, Developmental Inclusive Alliance, Bharatiya Janata Party, BJP, INDIA, Indian National Congress, Analysts, PM Modi’s BJP, New Delhi’s Observer Research Foundation, PM, Samajwadi Party, Aam Admi Party, Ashoka University and Co, Trivedi, Political, Congress, Ashoka University, Hindustan Times, Modi, Observer Research Foundation Locations: New Delhi, India, INDIA, Bengaluru, BJP, restive, Manipur, West Bengal, India’s, Uttar Pradesh, Delhi, Lok, Karnataka

☆ Two Empty Nesters Strive to Come Up With a Down Payment. Which House Could They Buy?
▼ + stars: | 2023-07-27 | by ( Mitch Smith | ) www.nytimes.com time to read: +2 min

The couple, who married in 2015, had been renting a cramped house near downtown Bloomington, Ind., for years. But now, renting near campus made them feel almost as if they were back in graduate school. Email: thehunt@nytimes.com]They entered a competitive housing market last year with high hopes, but limited funds for a down payment. Ms. Carter, who enjoys cooking, wanted a bigger kitchen and enough space to have Thanksgiving dinners and Passover Seders. “That was a super-tough market to be in,” said Mr. Saunders, the owner of Saunders & Associates, in Bloomington.

Persons: Selene Carter, Steven Hendren, Covid, “, ”, Carter, Hendren, John Saunders, Saunders Organizations: Indiana University Bloomington, Saunders & Associates Locations: Bloomington, Ind, Indianapolis

☆ Cheddar News was meant to be a digital-media darling that could rival Bloomberg and CNBC. Now it's reportedly considering a sale — here's how the network was pushed to the brink.
▼ + stars: | 2023-07-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

The owner of embattled network Cheddar News is reportedly considering selling the seven-year-old startup. NYT's DealBook reported on Monday that Altice USA tapped Goldman Sachs to explore a possible sale. NYT reporters Lauren Hirsch and Ben Mullin noted a sale isn't a foregone conclusion and Altice USA could decide not to proceed. Spokespersons for Altice USA did not immediately respond to Insider's request for comment on Monday morning and a spokesperson for Goldman Sachs had no comment. Check out Insider's exclusive coverage of the chaos at Cheddar News:Are you a Cheddar News or Altice USA insider?

Persons: DealBook, Goldman Sachs, Lauren Hirsch, Ben Mullin, Altice, —, I'd, Baker Machado, Chloe Aiello, Read, I've, Jon Steinberg, Steinberg, Reed Alexander Organizations: News, Telecom, Altice USA, Cheddar News, New York Times, USA, Insiders, Mail, Cheddar Locations: USA, Cheddar, Portugal

☆ Women's World Cup U.S. to Open Title Defense Against Vietnam
▼ + stars: | 2023-07-21 | by ( Andrew Das | ) www.nytimes.com time to read: +3 min

PinnedThe World Cup is always about expectations, but reputations count for a lot, too. The United States women’s team, which plays Vietnam at 9 p.m. in its first match of the tournament in Auckland, New Zealand, knows this, of course. Its chase for a third consecutive World Cup championship — and fifth overall — opens today with a game against Vietnam. The United States team that arrived at this World Cup is not the same one that rolled into France four years ago and beat all comers. Rose Lavelle, who had two that day in Reims, is finally fit again after months away from the team, Andonovski said.

Persons: ”, Vlatko Andonovski, “, Andonovski, Alex Morgan, Rose Lavelle, Lindsey Horan, Megan Rapinoe, Carli Lloyd recoiled Organizations: United, United States women’s, Vietnam, selfies, United States, Thais Locations: United States, Vietnam, Auckland , New Zealand, U.S, Auckland, Eden, Thailand, France, Reims

☆ Chipotle is becoming a huge hit in small towns, and it's hurting chains like Chick-fil-A, McDonald's, and Texas Roadhouse
▼ + stars: | 2023-07-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Now, it's expanding to small towns and hurting chains like Chick-fil-A, according to Placer.ai. Popular steak house chain Texas Roadhouse, which is 1.6 miles from the new Chipotle, saw year-over-year traffic slide by 5.27% in April and by 3.92% in May 2023. A Chick-fil-A less than a mile from Chipotle, saw foot traffic decrease four out of five weeks in May, Placer.ai reports. "I don't see how Chipotle's brand can transfer to small towns." Chipotle isn't betting all of its growth on small towns.

Persons: Chipotle, Placer.ai, Jack Hartung, Tim Powell, Zers, Powell Organizations: Service, Wall Street, Placer.ai, Texas, X Locations: Wall, Silicon, Chipotle, America, Texas, San Angelo , Texas, The Texas, McDonald's, Covington , Louisiana, Camden , Delaware, Washington, Canada, France, Germany

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