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☆ A financially independent entrepreneur says there's an overlooked but 'incredible opportunity' for young investors to buy businesses right now — and they're not as expensive to acquire as you may thin
▼ + stars: | 2023-11-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

He started with an "index-first strategy," he told Insider, and invested up to 80% of his earnings into low-cost index funds in the early 2010s. While index funds are ultimately what catapulted him to financial independence in the first place, he wouldn't necessarily go that route if he had to start from scratch today. "I'm still very pro low-cost index funds for almost everyone," he said. Lower returns mean index funds won't grow as much, and investors potentially have to save and contribute more to hit their goals. "I think business ownership is really where it's going to be for the next 10 to 20 years."

Persons: Grant Sabatier's, Sabatier, Charlie Munger, you've, boomer Organizations: Business, Fidelity, Federal Reserve, FedEx, SBA, Chase, Bank of America Locations: Morningstar

☆ Panda Diplomacy Might Not Be Dead Just Yet
▼ + stars: | 2023-11-16 | by ( Edward Wong | More About Edward Wong | ) www.nytimes.com time to read: +1 min

The fur balls might be coming back to Washington and San Diego. Xi Jinping, China’s leader, said in a speech on Wednesday night that his nation’s best diplomats, giant pandas, might soon return to zoos in the United States that have recently sent bears back to their homeland. “We are ready to continue our cooperation with the United States on panda conservation, and do our best to meet the wishes of the Californians so as to deepen the friendly ties between our two peoples,” he told a gathering of mostly business executives at a dinner in San Francisco. Mr. Xi pointed out that the pandas are “envoys of friendship between the Chinese and American peoples.”Panda-monium gripped the United States last week when the Smithsonian’s National Zoo in Washington sent its two aging adult pandas, Mei Xiang and Tian Tian, and their cub, Xiao Qi Ji, or “Little Miracle,” back to China on a 19-hour FedEx flight, the Panda Express.

Persons: Xi Jinping, Mr, Xi, Mei Xiang, Tian Tian, Xiao Qi Ji Organizations: FedEx, Panda Express Locations: Washington, San Diego, United States, San Francisco, China

☆ FedEx needs China's help to reach bigger numbers, says Jim Cramer
▼ + stars: | 2023-11-16 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

FedEx needs China's help to reach bigger numbers, says Jim Cramer'Mad Money' host Jim Cramer talks the impact of this week's China summit on U.S. businesses.

Persons: Jim Cramer Organizations: FedEx Locations: China, U.S

☆ APEC Summit Biden Aims to Fortify Ties With Asian Nations at Summit in San Francisco
▼ + stars: | 2023-11-16 | by ( Katie Rogers | ) www.nytimes.com time to read: +12 min

Image President Xi Jinping of China spoke to a crowd of U.S. business executives at a dinner in San Francisco on Wednesday evening. “There are hundreds and hundreds of activists —” Crowd: “Go home Xi Jinping!” “— who are coming together from all corners of this nation.” “We are really upset. 1 question for us is: Are we adversaries or partners?” Mr. Xi asked. Mr. Orlins said the Chinese had prepared three versions of a speech Mr. Xi could deliver that night. After Wednesday’s events with Mr. Biden, Mr. Xi picked the friendliest one.

Persons: Xi Jinping, Carlos Barria, Xi, —, Xi Jinping doesn’t, ”, ” “, Jinping, Josh Edelson, Xi —, Mr, Tim Cook, Larry Fink, BlackRock, Jerry Brown, Elon Musk, ” John L, Holden, Biden, Doug Mills, ” Michael Hart, Jim Wilson, Angus, Gina M, Raimondo, “, Ms, “ I’m, Stephen A, United States — Deng Xiaoping, Jiang Zemin, Hu Jintao, Deng, It’s, ” Mr, Orlins, “ They’re, Jeff Chiu, Biden’s Organizations: Visit, Credit, Agence France, Hyatt Regency, Apple, Boeing, Pfizer, Nike, FedEx, Elon, McLarty Associates, San Francisco . Credit, New York Times, U.S, American Chamber of Commerce, ., Mr, National Committee, United, China Relations, Associated, U.S ., China Business Council, Economic Cooperation, Consulate Locations: China, U.S, San Francisco, Hong Kong, Tibet, United States, California, Filoli, San Francisco ., ”, Iowa, Asia, Pacific

Top business leaders in the U.S. meet Chinese President Xi Jinping in San Francisco, California on Nov. 15, 2023. Apple CEO Tim Cook, Tesla chief Elon Musk and Blackrock's Steve Schwarzman were among the guests Wednesday night at a gala reception and dinner in San Francisco for visiting Chinese President Xi Jinping. San Francisco Mayor London Breed also had a spot at the head table. According to the place cards, Cook was seated next to Chinese Minister of Commerce Wang Wentao. Event organizers said Musk attended the VIP reception, but did not stay for the dinner.

Persons: Xi Jinping, Tim Cook, Elon Musk, Steve Schwarzman, Xi's, Joe Biden, Biden, Xi, Marc Benioff, Stan Deal, Raj Subramaniam, Ryan McInerney, Ray Dalio, Albert Bourla, Janow, Larry Fink, Gina Raimondo, Nicholas Burns, Kurt Campbell, San Francisco Mayor London Breed, Cook, of Commerce Wang Wentao, Musk Organizations: Apple, Tesla, U.S ., China Business Council, National Committee, U.S, China Relations, United, Boeing, FedEx, Visa, Bridgewater Associates, Pfizer, Mastercard, BlackRock, Commerce, White House, San Francisco Mayor London, of Commerce Locations: U.S, San Francisco , California, San Francisco, United States, China, White House China

☆ The US Postal Service lost $6.5 billion last year. It predicted it would break even
▼ + stars: | 2023-11-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The US Postal Service lost $6.5 billion in its just-completed fiscal year, delivering a blow to the service’s hopes of a financial turnaround. The Postal Service had projected it would break even in the fiscal year that ended September 30, on its way to annual profits this year and going forward. The Postal Service reported that revenue from shipping and packages, now the largest segment of its business by revenue, edged up 1% to $31.6 billion, even as the volume fell by 2%. First-Class mail also brought in 2% more revenue, climbing to $24.5 billion, despite a 6% drop in volume. The Postal Service reported net income of $56 billion in the previous fiscal year but that was primarily due to the non-cash gain of nearly $57 billion from 2022 legislation that changd the way it accounted for its retiree health care expenses.

Persons: General Louis DeJoy, DeJoy, ” Organizations: New, New York CNN, US Postal Service, Postal Service, UPS, Teamsters, FedEx Locations: New York

Aviation experts who examined the Federal Aviation Administration's safety record say the agency needs better staffing, equipment and technology to cope with a surge in the most serious close calls between planes. The group said Wednesday that the margin of safety in the nation's airspace is eroding and will get worse if nothing is done. The FAA has about 1,000 fewer fully certified controllers than it had 11 years ago, according to the report. “The FAA has made limited efforts to ensure adequate air traffic controller staffing at critical air traffic control facilities,” the experts added. “The age and condition of FAA facilities and equipment are elevating system risk to unsustainable levels, even before considering losses in efficiency from outdated technology,” the panel wrote.

Persons: Michael Huerta, ” Huerta, Mike Whitaker, ” Whitaker, “ Organizations: Aviation, FAA, National Transportation Safety Board, New, FedEx, Southwest Airlines, Southwest Locations: Washington, Oklahoma City, New York, Florida, New York City, Austin , Texas, San Diego

The countersuit comes months after the institution sued him and others over the scandal. “These two statements fortified Defendant’s belief that the 25 paintings were authentic Basquiats,” said the former museum CEO. Political Cartoons View All 1247 ImagesDe Groft is seeking more than $50,000 for wrongful termination, defamation and breach of contract. An email seeking comment was sent Tuesday evening to a spokeswoman for the Orlando Museum of Art. Basquiat, who lived and worked in New York City, found success in the 1980s as part of the neo-Expressionism movement.

Persons: —, Jean, Michel Basquiat, Aaron De Groft, De Groft, ”, Groft, Basquiat, Thad Mumford, Mumford, Michael Barzman, Mike Schneider Organizations: FBI, Orlando Museum of Art, American Alliance of Museums, FedEx Locations: ORLANDO, Fla, Florida, Orlando , Florida, tatters, New York City, Los Angeles

☆ I moved to Houston and regretted it. I stuck out at work and it was impossible to save.
▼ + stars: | 2023-11-14 | by ( Jules Rogers | ) www.businessinsider.com time to read: +6 min

Jules Rogers took a new job at a newspaper in Houston and moved from Portland, Oregon, in 2018. I was in my mid-20s and working as a full-time reporter for a local newspaper in Portland, Oregon. My favorite things about Houston were the radio stations — the rap and country stations were both really good. My transportation budget increasedMy transportation budget went up in Houston. Ultimately, I quit my Houston job less than two years after I got there.

Persons: Jules Rogers, weren't, —, Marshall, Jules, Jules Rogers Job Organizations: Service, Housing, FedEx, Gas, Houston Locations: Houston, Portland , Oregon, Oregon, Texas, Portland, Spring, West, Galveston, snowshoe, Houston . In Portland, . Oregon, Pacific Northwest

Mass Shootings, Mass SalesIn June 2012, James E. Holmes, the Colorado graduate student, ordered 1,500 rounds of Lake City ammunition from the website BulkAmmo.com, which had been offering discounts on boxes of the 5.56. The tally includes shootings in a public place in which four or more people, not including the attacker, were killed. He did not use rounds from Lake City, but the tragedy drove a new push for gun reform — and a reflexive spike in ammunition sales. Vista Outdoor issued a statement attributed to Federal Cartridge, one of its many brands, saying it was proud of its ammunition production. backed down, and, within a year, Lake City green tips were tied to the shooting of five police officers and a deputy sheriff.

Persons: James E, Holmes, ATK, Mr . DeYoung, Vista, DeYoung, “, ” Organizations: Colorado, Lake, FedEx, Violence, Sandy Hook Elementary, Army, ATK, Walmart, Vista, Firearms, Alcohol, Tobacco, Explosives Locations: Lake City, Aurora, Newtown, Conn, U.S

☆ Inside the Army Factory That Makes AR-15 Ammunition: 4 Takeaways
▼ + stars: | 2023-11-11 | by ( Ben Dooley | More About Ben Dooley | ) www.nytimes.com time to read: +2 min

For most of that period, its commercial operations outstripped its military business. As those rifles have appeared in crimes, so has the plant’s ammunition. The vast majority of Lake City rounds sold by retailers have gone to law-abiding citizens, including hunters, farmers and target shooters. But some Lake City rounds have been seized from drug dealers, violent felons, antigovernment groups, rioters at the U.S. Capitol and smugglers for Mexican cartels. Lake City rounds have been tied to at least a dozen mass shootings involving AR-15-style guns.

Persons: —, Barack Obama, Marjory Stoneman Organizations: Army, Lake, U.S . Capitol, Los Angeles International Airport, Calif, Las, Baptist, Marjory Stoneman Douglas High School, FedEx, Robb Elementary School, Colorado Springs Locations: Lake City, Massachusetts, Lake, Aurora, Colo, San Bernardino, Sutherland Springs , Texas, Parkland, Fla, Pittsburgh, Midland, Odessa , Texas, Indianapolis, Denver, Buffalo, Uvalde , Texas, Colorado

☆ What’s open and closed on Veterans Day 2023
▼ + stars: | 2023-11-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Veterans Day honors active and former US service members. However, since that day falls on a Saturday this year, some will observe the holiday on Friday, November 10. Here’s what will be open and closed on Veterans Day 2023 and the day on which some will observe it. On Friday, the day before Veterans Day, FedEx will operate as normal except for modified service for FedEx Express and FedEx Ground Economy. On Saturday, FedEx will close FedEx Ground, FedEx Ground Economy and FedEx Freight.

Persons: JPMorgan Chase, Wells, Justin Sullivan, Mario Anzuoni, Joe Raedle Organizations: New, New York CNN, Veterans, Banking Federal, Governors, Bank of America, Saturday, JPMorgan, Bank, Citibank, The New York Stock Exchange, Nasdaq, Veterans Day, FedEx, FedEx Express, Economy, FedEx Freight, United States Postal Service, Reuters Government, Miami - Dade Public Library, Getty, Target, Walmart, Kroger Locations: New York, Wells Fargo, San Bruno , California, ”, Miami, Miami , Florida

The nation’s top accident investigator said Thursday that a surge in close calls between planes at U.S. airports this year is a "clear warning sign” that the aviation system is under stress. She said there has been a “lack of meaningful” training — and more reliance on computer-based instruction — by the Federal Aviation Administration and airlines. There have been many close calls in recent months, with the scariest occurring in February in Austin, Texas. An air traffic controller had cleared both planes to use the same runway. The NTSB is investigating about a half-dozen close calls this year, and the FAA says there were 23 of the most serious class of close calls in the last fiscal year, up from 16 the year before and 11 a decade ago.

Persons: Jennifer Homendy, Homendy Organizations: National Transportation Safety, Federal Aviation Administration, FAA, Fort Worth International, Newark Liberty International, Logan International, FedEx, Southwest Airlines, NTSB Locations: U.S, Dallas, New Jersey, Boston, Austin , Texas

SOUTHAMPTON, Bermuda (AP) — Alex Noren worked hard on his wedge game and it paid off Thursday in the Butterfield Bermuda Championship with 10-under 61, giving him a two-shot lead among early starters on a calm day at Port Royal. He set a tournament record with 11 birdies, and his 61 broke by two shots his lowest score on the PGA Tour. “It was quite easy conditions and there's a lot of wedges out there,” Noren said. Garrigus hasn't made the cut in a PGA Tour or Korn Ferry Tour event since April 2022, a dubious stretch of 20 tournaments. The previous PGA Tour record was 59 straight fairways.

Persons: — Alex Noren, Noren, Vince Whaley, Dylan Wu, Robert Garrigus, ” Noren, ”, Byron Nelson, Woods, Erik van Rooyen, Van Rooyen, Garrigus, Garrigus hasn't, I’ve, ” Garrigus, “ I’ve, Wu, Adam Long, Long, “, ” Long Organizations: Butterfield Bermuda, Port Royal, PGA, PGA Tour, FedEx Locations: SOUTHAMPTON, Bermuda, Japan, Mexico, Minnesota, Port, Garrigus, Las Vegas

☆ American Airlines Dangles $250,000 Bonuses to Poach FedEx and UPS Pilots
▼ + stars: | 2023-11-08 | by ( Alison Sider | Esther Fung | ) www.wsj.com time to read: 1 min

Cargo pilots typically have fixed schedules and fewer legs to fly in a day compared with their counterparts at passenger airlines. Photo: Jon Cherry/Getty ImagesThe next recruiting hotspot for U.S. airlines in need of experienced pilots is FedEx and United Parcel Service . PSA Airlines, a regional carrier owned by American , is offering bonuses totaling $250,000 for UPS and FedEx pilots who can come work as captains and help fill a gap that has forced PSA to keep planes grounded and curtail service to some cities.

Persons: Jon Cherry Organizations: Cargo, FedEx, United Parcel Service, PSA Airlines, UPS, PSA

The pandas, accompanied by three zookeepers, will travel to a reserve in China’s mountainous Sichuan province, where an estimated 1,800 pandas are still found in the wild, according to the National Zoo. "It's a moment of joy because this is one more step in 50 years of a successful giant panda conservation program and hopefully the beginning of 50 more years of successful giant panda conservation," she said. Mei Xiang, 25, and Tian Tian, 26, arrived at the National Zoo in 2000. The trio, made famous by the zoo's "Giant Panda Cam" with more than 100 million views, were part of a fading legacy in which giant pandas served as animal ambassadors. Kimberly Blalock, a young visitor at the National Zoo on Tuesday, was among the last to see the pandas on display in Washington.

Persons: Xiang, Tian Tian, Xiao Qi Ji, munch, Brandie Smith, It's, Mei Xiang, Richard Nixon's, Kimberly Blalock, Kevin Fogarty, Kia Johnson, Rich McKay, David Gregorio Our Organizations: Boeing, FedEx Panda Express, Dulles International, National Zoo ., National Zoo, U.S . Pandas, China Wildlife Conservation, U.S, Georgia's Zoo, Thomson Locations: China, Sichuan, U.S, Memphis, San Diego, Georgia's, Georgia's Zoo Atlanta, Washington, Atlanta

☆ Air freight demand has cooled so much, FedEx is telling its pilots to fly for American Airlines instead
▼ + stars: | 2023-11-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

FedEx is encouraging its pilots to apply for a job with PSA Airlines, a unit of American Airlines. The move came on the back of a decline in air cargo demand. FedEx employs around 5,800 pilots globally, while PSA Airlines has about 1,900 pilots. Interested FedEx pilots are eligible for an expedited interview process for a captain's position with PSA Airlines, according to the latter's online recruitment page. PSA Airlines is also offering FedEx pilots $250,000 in sign-on bonuses.

Persons: —, Pat DiMento, FreightWaves Organizations: FedEx, PSA Airlines, American Airlines, Service

☆ Why FedEx is suggesting pilots to fly for American Airlines
▼ + stars: | 2023-11-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy FedEx is suggesting pilots to fly for American AirlinesCNBC's Frank Holland, joins 'Power Lunch' to discuss the slowdown in cargo demand.

Persons: American Airlines CNBC's Frank Holland Organizations: FedEx, American Airlines

☆ US FAA to hold new round of runway-safety meetings after close calls
▼ + stars: | 2023-11-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A commercial aircraft approaches to land at San Diego International Airport in San Diego, California, U.S., January 6, 2022. The new meetings with the FAA, airlines, pilots, airport vehicle drivers and others will take place by Dec. 31. On Thursday, a U.S. Senate Commerce subcommittee will hold a hearing on recent incidents that raised questions about FAA air traffic control operations. The hearing will include FAA Air Traffic Organization head Tim Arel, National Transportation Safety Board Chair Jennifer Homendy, National Air Traffic Controllers Association (NATCA) President Rich Santa, Air Lines Pilots Association President Jason Ambrosi and former FAA administrator Randy Babbitt. The FAA said in September it was seeking recommendations on making it compulsory for airports to include cockpit-alerting technologies that could improve runway safety.

Persons: Mike Blake, Washington Reagan, Tim Arel, Jennifer Homendy, Rich, Jason Ambrosi, Randy Babbitt, Homendy, Bernadette Baum Organizations: San Diego International Airport, REUTERS, Rights, U.S . Federal Aviation Administration, FAA, National Transportation Safety Board, Fort, U.S, Senate, FAA Air Traffic Organization, Transportation, National Air Traffic Controllers Association, Rich Santa, Air Lines Pilots, Southwest Airlines, Boeing, Cessna, FedEx, Southwest Boeing, Thomson Locations: San Diego , California, U.S, Boston, Newark, Washington, Dallas, Fort Worth, Austin , Texas

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

If your package has been lost or stolen, reach out to the sender or seller about a replacement or refund. But with the joy of the holiday season comes the headache of package theft. So as we approach another season of packages and deliveries, what should you do if you have an Amazon package stolen, a USPS package missing, or a UPS package lost? Contact the retailerIf in fact your package has been lost or stolen, contact the retailer and let them know what has happened. File a claim with the shipping companyYou can file a claim for a stolen package with Fedex and UPS.

Persons: — Organizations: Service, Fedex, UPS, U.S

Playing alongside Kuchar in the final group, Villegas finished birdie-birdie-bogey-birdie for a 69 to join Kuchar at 19 under. The 45-year-old Kuchar won the tournament in 2018 at Mayakoba. A month after that, he won the Sony Open in Hawaii for the last of his nine PGA Tour titles. Political Cartoons View All 1234 ImagesVillegas, two strokes ahead after opening 64-64, is fighting to gain his full PGA Tour card. The 41-year-old Colombian split time between the Korn Ferry Tour and whatever PGA Tour events he could get in this year, and he stands at No.

Persons: Matt Kuchar, Camilo Villegas, Kuchar, Villegas, Nos, Erik van Rooyen, Mackenzie Hughes, Will Gordon, Justin Suh, ___ Organizations: Diamante, Kuchar, Sony, PGA, FedEx Locations: Mexico, Baja California, Mayakoba, Hawaii

☆ Nissan CEO weighs in on how the EV market has changed since Covid
▼ + stars: | 2023-11-02 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +3 min

That presents a series of challenges to established automakers like Nissan, which have followed global strategies for decades. The market has been fragmented, and customers' acceptance speed is also different," Uchida said. "So what's important is how much we can start to localize in each respective market," Uchida said. But many of those new Nissan EVs will no longer be global models. For instance, EV customers in China are very sensitive to pricing – but they also want the latest technology, which they've come to expect from the fierce competition between the many domestic Chinese EV makers.

Persons: Makoto Uchida, –, CNBC's Martin Soong, Uchida, they've, Li Auto, Kraft Heinz, FanDuel Organizations: Nissan Motor Co, Nissan Hyper Force, Japan, Nissan, Toyota, Volkswagen, Target, FedEx, Kraft, CNBC PRO Locations: Tokyo, Japan, U.S, Europe, China

☆ Fedex CEO warned of 'worldwide recession' a year ago. Here's what he sees now
▼ + stars: | 2023-11-02 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +2 min

In September 2022, amid weak results that punished its stock, Fedex Raj Subramaniam warned that a "worldwide recession" was in the cards. That hasn't happened, but the Fedex CEO isn't exactly backtracking, and says several of the underlying reasons for his pessimistic call remain in place. "Those are three things negative to our industry and that's what I said," Subramaniam told CNBC's Holland. The Fedex CEO stressed that he made his call "early" so the company could get "significantly more efficient" and come out of a slowing global economy in better shape. Fedex shares have outperformed the market and its chief competitor UPS , which is down nearly 20% this year.

Persons: Fedex Raj Subramaniam, Subramaniam, CNBC's Frank Holland, CNBC's Holland, Brian Cornell Organizations: Fedex, CNBC, Walmart, Target, UPS

☆ As Disney, Fanatics threats emerge, FanDuel CEOs says online sports betting isn't for the 'faint of heart'
▼ + stars: | 2023-11-02 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

Currently, 35 states and Washington, D.C., have legal sports betting, according to the AGA. Fanatics, the Michael Rubin-founded sports merchandise company, acquired the U.S. operations of PointsBet after a several-year pursuit of an entry to the sports betting market. "These are partnerships that we've been building up for years long before online sports betting was legal in the states." And oh, by the way, you're spending a lot of money making sure that again, you can responsibly bring consumers to your platform," Howe said. Hear how CEOs from Target, FedEx, Kraft Heinz, FanDuel and more are adapting, innovating and transforming in this new era of business.

Persons: FanDuel, Michael Rubin, Amy Howe, CNBC's Contessa Brewer, you've, Howe, there's, we've, It's, Kraft Heinz Organizations: Supreme, American Gaming Association, D.C, Caesars, Disney, ESPN, ESPN Bet, Penn Entertainment, CNBC's, CNBC, FanDuel, Ticketmaster, NFL, NBA, MLB, NHL, Google, Target, FedEx, Kraft Locations: U.S, Washington, PointsBet

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