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☆ How Rao's pasta sauces went from the kitchen of New York's most exclusive Italian restaurant to be sold to Campbell's in a $2.7 billion deal
▼ + stars: | 2023-08-08 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Specialty foods company Sovos bought the brand in 2017 and grew sales to more than $600 million. Bobby Bank/WireImageSales grew slowly until 2017 when specialty foods company Sovos Brands bought the Rao's Homemade packaged foods division and turned up the proverbial heat. Hermida added that sauce makes up more than 80% of Sovos' business, and that one in eight US households buy Rao's Homemade sauce. Sovos reported Rao's brand sales of $580 million in 2022, largely through Costco and Walmart, and sales have already climbed more than 33% in 2023. On Monday, Sovos announced a $2.7 billion deal with Campbell Soup in which the packaged foods giant would acquire the group, including Rao's Homemade.

Persons: Sovos, Campbell Soup, Frank Pellegrino Sr, Frank Pellegrino, Dino Gatto, Yuri Hermida, Forbes, Hermida, Campbell Organizations: Service, Bobby Bank, WireImage, Sovos Brands, Costco, Walmart Locations: Wall, Silicon, East Harlem, New York, Las Vegas, Los Angeles, Rao's

☆ Summer rally winners are showing cracks, Evercore's Julian Emanuel warns
▼ + stars: | 2023-07-31 | by ( Melissa Lee | ) 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 EmailSummer rally winners are showing cracks, Evercore's Julian Emanuel warnsJulian Emanuel, Evercore ISI Sr. Managing Director, joins 'Fast Money' to break down the latest market moves with CNBC's Melissa Lee and the Fast Money traders.

Persons: Evercore's Julian Emanuel, Julian Emanuel, Evercore, CNBC's Melissa Lee Organizations: Fast Money

For Yavuz and his counterparts, there's serious appeal in having another ad-supported app inside Meta's ad manager. Once Meta adds a check box to extend ads to Threads, ad buyers will check it. Facebook's ads, technology, and interfaces are much better than Twitter's," said Trevor Dudeck, CEO of ad agency Lemonade. "If it's just the same thing as Instagram, that's not going to be as enticing," said one executive at a major digital advertising agency. When Zuckerberg inevitably adds the Threads checkbox to Meta's ad platform, it'll be ominous for Twitter's flailing ad business.

Persons: Alex Kantrowitz, Kantrowitz, Meta hasn't, Mark Zuckerberg, Ahmet Yavuz, Yavuz, Carly London, Curly, it's, David Herrmann, Herrmann, They're, Carl Bivona, Trevor Dudeck, Josh Keller, Elon Musk's, that's, Zuckerberg, I've Organizations: Big Technology, Morning, Meta, ASY, Twitter, Instagram, Facebook, Google, it's Meta, Herrmann Digital, Union Square Media, Wall Street Locations: Meta

Supporters of student debt forgiveness demonstrate outside the U.S. Supreme Court on June 30, 2023, in Washington, DC. Student loan forgiveness is federally tax-free through 2025 because of a provision from the American Rescue Plan of 2021, Biden's $1.9 trillion Covid-19 stimulus package. While the Tax Foundation estimated that seven states could tax student loan forgiveness in August 2022, it's still possible to see legislative changes. "No one wants to be the state that's taxing loan forgiveness," Miller added. While public service loan forgiveness has always been tax-free, the current taxation for income-driven repayment plans is only temporary.

Persons: Olivier Douliery, Biden, Ethan Miller, Miller, it's, Becca Craig, Lee Reams Sr Organizations: U.S, Supreme, AFP, Getty, American, Planning, Progress, D.C, Tax Foundation, Strategic Wealth Locations: Washington ,, Washington, Kansas City , Missouri

☆ Trump classified docs judge skeptical of push to delay trial past 2024 election
▼ + stars: | 2023-07-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Attorneys for former President Donald Trump Chris Kise (C) and Todd Blanche (R) arrive at The Alto Lee Adams Sr. United States Courthouse on July 18, 2023 in Fort Pierce, Florida. The judge presiding over Donald Trump 's federal criminal case appeared skeptical Tuesday of the former president's argument that the trial over his handling of classified documents should be delayed beyond the 2024 election, NBC News reported. Walt Nauta, personal aide to former U.S. President Donald Trump, exits Fort Pierce U.S. courthouse after a hearing in Fort Pierce, Florida, July 18, 2023. Trump faces 37 criminal counts related to his alleged mishandling of classified documents after leaving the White House. But on Monday, Cannon told the parties to be prepared to discuss their proposals for when the trial should start.

Persons: Donald Trump Chris Kise, Todd Blanche, Lee Adams Sr, Walt Nauta, Trump, NBC's Ken Dilanian, Cannon, Aileen Cannon, Donald Trump, Jay Bratt, Bratt, David Harbagh, Joe Biden Organizations: United, Republican, NBC, Department, NBC News, Fort, Trump, White, FBI, DOJ Locations: Fort Pierce , Florida, Fort Pierce U.S, Mar

☆ Gov. Wes Moore wants Democrats to deliver results. If he pulls it off, he could change Maryland for decades.
▼ + stars: | 2023-07-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +12 min

When speaking about the Democratic Party in Maryland, Moore leaned into a similar message. "If you look at the work that we're doing here in the state of Maryland, it's results," he said. Moore in his office at the Maryland State House in Annapolis. Moore told me that he had full confidence in the legality of the legislation, calling it "the right thing to do." Moore gives his first State of the State address at the Maryland State House on February 1, 2023.

Persons: Wes Moore, Moore, Wes Moore's, —, Mitt Romney, Chris Christie, Marylanders, We're, Biden, Frederick Douglass, we're, Del, Dan Cox, Michael Robinson Chávez, Moore —, Gov, Aruna Miller —, Annapolis —, we've, Jarrod Ramos, Christian Segovia, Jr, Brian Witte, Atlanta , Georgia —, J.B . Pritzker, Matt McClain, I've, he's Organizations: Maryland Gov, NRA, Black, Republicans, Democratic, Democratic Party, Democrats, GOP, Maryland National Guard, Maryland State House, Washington Post, National Guard, US, 82nd Airborne Division, Gazette, Baltimore, Johns Hopkins University, Baltimore's Brooklyn Homes, Guardians, Capital Gazette, AP, National Rifle Association, Morehouse College —, Democratic Gov, Illinois, Washington, Getty, of Commerce Locations: ANNAPOLIS , Maryland, Maryland, Annapolis, Afghanistan, Pittsburgh , Pennsylvania, Buffalo , New York, Baltimore's Brooklyn, Sr, Md, Atlanta , Georgia

☆ This 93-year-old Hilton Head woman is in a legal battle for land her family has owned since the Civil War
▼ + stars: | 2023-07-15 | by ( Nicquel Terry Ellis | ) edition.cnn.com time to read: +4 min

Now, Wright’s beloved land is at the center of a legal battle with a property developer looking to build a residential development next door. According to The Post and Courier, Georgia-based Bailey Point Investment, LLC is planning to construct 147 homes. Graves said Bailey Point had previously showed up at her grandmother’s house and offered $30,000 for Wright’s land, which she declined. “My porch is not on their property,” Wright told CNN. Attorneys for Bailey Point have not returned CNN’s request for comment.

Persons: Josephine Wright, Samuel Wright Sr, Wright, Tracey Love Graves, Graves, Bailey, ” Wright, Wright's, WJCL Wright’s counterclaim, “, ” Bailey, Bakari Sellers, ” Sellers, Irving, Tyler Perry, ” Organizations: CNN, Hilton, The, Investment Locations: New York, Island , South Carolina, Courier , Georgia, Wright’s, Hilton

☆ Ray Liotta’s daughter comments on his posthumous Emmy nomination
▼ + stars: | 2023-07-12 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —The late actor Ray Liotta was nominated posthumously for an Emmy on Wednesday. His daughter Karsen Liotta celebrated the bittersweet acknowledgment in a statement. “I am so grateful to the members of the Television Academy for honoring my Dad with this nomination,” Karsen Liotta wrote. He plays James Keene Sr., the father of football star-turned–drug dealer James Keene Jr., played by Taron Egerton. Never self-generated.”“Black Bird” is currently streaming on Apple TV+.

Persons: Ray Liotta, Karsen Liotta, “, ” Karsen Liotta, Taron, Paul, ” Liotta, James Keene Sr, James Keene Jr, Taron Egerton, Liotta, Egerton, ” Organizations: CNN, Television Academy, Apple

☆ Robert Downey Jr.’s Post-Marvel Balancing Act
▼ + stars: | 2023-07-09 | by ( David Marchese | ) www.nytimes.com time to read: +11 min

So from where you’re sitting, do you feel as if you’re able to make sense of the business right now? Robert Downey Jr. in “Oppenheimer.” Melinda Sue Gordon/Universal PicturesIs it right that you’re remaking “Vertigo”? Downey on “Downey’s Dream Cars.” MaxDowney with his son Exton Elias and father, Robert Downey Sr., in “Sr.” (2022). I’m saying that doing the right thing for the right reasons gives you an advantage in spirit. You know, there’s part of me that thinks I should be a writer or an entrepreneur or I could blah, blah, blah.

Persons: Robert Downey Jr, ” Robert Downey Jr, “, Oppenheimer, ”, Christopher Nolan, Nolan —, Downey, Lewis Strauss, J, Robert Oppenheimer, Cillian Murphy, —, Tony Stark, “ Oppenheimer, “ Perry Mason, ” Melinda Sue Gordon, ” Max Downey, Exton Elias, Robert Downey Sr, there’s, Chris Nolan, I’m, I’ve, he’s, Strauss, Oprah, Taylor, we’re, ” Downey, Holly Hunter, Mariana Trench, don’t, you’ve, Marisa Tomei, “ Chaplin ”, Jami Gertz, Andrew McCarthy, Sherlock Holmes, David Marchese, Emma Chamberlain, Walter Mosley Organizations: Marvel, Atomic Energy Commission, Universal, Netflix, Paramount, Everett, Little League, Carolco, Getty, Century Fox, U.S, Marshals, YouTube, Cal Newport Locations: Thunderdome, “, “ Sr, what’s, America

☆ 7 Republican AGs write to Target, say Pride month campaigns could violate their state’s child protection laws
▼ + stars: | 2023-07-08 | by ( Lucy Kafanov | ) edition.cnn.com time to read: +3 min

New York CNN —Republican attorneys general from seven states signed a letter Wednesday to Target (TGT), warning clothes and merchandise sold as part of the retail giant’s Pride month campaigns could violate their state’s child protection laws. Nineteen states have passed laws restricting it. And more than 1 in 5 of Gen Z identify as LGBTQ+ – so we’re also their future. In May, Target said it was removing some products celebrating Pride Month after the company and its employees became the focus of a “volatile” anti-LGBTQ campaign. Target said it removed from shelves “items that have been at the center of the most significant confrontational behavior.”Target did not have comment on the letter.

Persons: Theys, Katya ’, It’s, ” Jay Brown, HRC’s, Gen, we’re, Target Organizations: New, New York CNN, AGs, Rights, Training, Research, CNN, Human Locations: New York, Indiana , Arkansas , Idaho , Kentucky , Mississippi , Missouri, South Carolina

☆ NFL underlines gambling policy for players with six ‘key rules’ after recent spate of violations
▼ + stars: | 2023-06-21 | by ( Ben Morse | Wayne Sterling | ) edition.cnn.com time to read: +3 min

CNN —The NFL has stiffened its gambling policy for players by introducing six ‘key rules’ after a recent spate of violations. Don’t bet on the NFL;2. And don’t bet when you’re at work, wherever work happens to be in that moment. Rodgers added he made an “error in judgment.”In April, the NFL suspended five players for violating the league’s gambling policy. Moore of the Detroit Lions and Shaka Toney of the Washington Commanders were suspended indefinitely for betting on NFL games during the 2022 season.

Persons: Don’t, ” Jeff Miller, “ Don’t, That’s, you’re, ” Miller, Isaiah Rodgers, Rodgers, ”, Quintez, . Moore, Shaka Toney, Stanley Berryhill, Jameson Williams, Calvin Ridley, Roger Goodell, ” Goodell, “ We’ve, foolproof Organizations: CNN, NFL, Indianapolis Colts, Detroit Lions, Washington Commanders, Lions, Jacksonville Jaguars, Atlanta Falcons, Spring League Locations: Minnesota

☆ Farhad Manjoo on ‘South Park’ - The New York Times
▼ + stars: | 2023-06-20 | by ( Farhad Manjoo | ) www.nytimes.com time to read: +3 min

But it isn’t the topicality of “South Park” that best explains America. In “South Park,” correctness of any sort — religious, scientific, pedagogical, geopolitical or whatever else — is sus. For Donald Trump Jr., “South Park” memes are the height of wit. In 2018 “South Park” even acknowledged that Al Gore was right: ManBearPig turned out to be real. But the damage was done; the monster had already begun to eat the people of South Park.

Persons: topick, ”, Trey Parker, Matt Stone’s, Parker, Stone, Donald Trump’s, Vladimir Putin’s thuggery, Ron DeSantis, Barack Obama, Donald Trump, Stone’s, they’ve, Eric Cartman’s —, Andrew Sullivan, “, Donald Trump Jr, Ben Shapiro, Steven Crowder, Cartman, Bob White, Al Gore, ManBearPig Organizations: Trump Locations: America, Colorado, South Park

☆ China's wayward spy balloon is a sign of a new class of 'pseudo-satellites' crowding the sky far above earth
▼ + stars: | 2023-06-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The recent flight of Chinese spy balloon over the US highlighted a new kind of overhead snooper. These "pseudo-satellites" fly lower than satellites but higher than most planes and are hard to spot. Camera-equipped reconnaissance planes proved crucial in World Wars I and II, followed by the ever-watchful spy satellites of the Cold War. A Chinese spy balloon after being shot down off the coast of South Carolina on February 4. High-altitude platforms fly above bad weather but have a limited payload, while lower-altitude platforms can carry more sensors but are hampered by weather effects.

Persons: —, Andrew Payne, Payne, Foxbats, Lockheed Martin, HALE, Christian Otto, Randall Hill, Michael Peck Organizations: Service, Britain's Royal United Services Institute, US Air Force, AIM, North America, Pentagon, US Army, Lockheed, Airbus Zephyr, Airbus, Nations, Defense, Foreign Policy, Twitter, LinkedIn Locations: Soviet, Israel, North, China, America, South Carolina, Forbes

☆ John Romita Sr., Creative Force at Marvel Comics, Is Dead at 93
▼ + stars: | 2023-06-14 | by ( Derrick Bryson Taylor | ) www.nytimes.com time to read: +1 min

“I always felt like a visitor on Spider-Man,” Mr. Romita said. Mr. Romita said that he based the character partially on Ann-Margret, the actress and singer. “We were trying to make a girl that was very with it and very modern, “ Mr. Romita said. Mr. Romita retired in 1996, but carried on working on certain projects for both Marvel and DC. Mr. Romita told The Comics Reporter in 2002 that he regretted not being in the first generation of professional cartoonists and that he thought of himself as following the lead of others.

Persons: Arlen Schumer, “, ”, Romita, Ditko, Jack Kirby, Mr, ” Mr, Mary Jane Watson, Margret, Luke Cage Organizations: New York Times, Marvel, Syfy Locations: Ann

The warnings about the old brick building on Main Street just kept coming. There was an engineer’s report in February about a compromised wall. Over months, assessments were written, work permits were issued and some repairs were made. Still, as alarm grew and complaints mounted, people were allowed to remain in their apartments at 324 Main Street in Davenport, Iowa, a city of 100,000 residents situated about halfway between Des Moines and Chicago. But last week, a day after that 911 call, a section of the downtown building cleaved off and fell into a parking lot.

Persons: ”, Jane Banks, Branden Colvin Sr Locations: Davenport , Iowa, Des Moines, Chicago

☆ All 3 Missing in Iowa Building Collapse Found Dead, Officials Say
▼ + stars: | 2023-06-05 | by ( Mitch Smith | ) www.nytimes.com time to read: 1 min

The LatestThe police in Davenport, Iowa, said on Monday that they had found the bodies of all three men who had been missing since a section of a downtown apartment building collapsed last week. City officials said on Sunday that one of the men, Branden Colvin Sr., a resident who had returned home shortly before the building fell on May 28, had been found dead. On Monday, they said the bodies of the remaining two — Ryan Hitchcock and Daniel Prien — had also been found in the rubble. No one else is known to have died in the incident, and the authorities said on Monday that they were not aware of any other people who were still unaccounted for. The Davenport police chief, Jeffery Bladel, said that city and state agencies were investigating the collapse.

Persons: Branden Colvin Sr, Ryan Hitchcock, Daniel Prien —, Davenport, Jeffery Bladel Organizations: Davenport police Locations: Davenport , Iowa

☆ Man Missing in Iowa Building Collapse Is Found Dead
▼ + stars: | 2023-06-05 | by ( Amanda Holpuch | Livia Albeck-Ripka | ) www.nytimes.com time to read: 1 min

The body of one of three men missing after the partial collapse of an apartment building in Davenport, Iowa, has been recovered a week after a section of the six-story structure collapsed, a spokeswoman for the city said on Sunday. The spokeswoman, Sarah Ott, said in an email that the body of Branden Colvin Sr., 42, was found on Saturday. He is the first person confirmed to have died in the collapse. Two other men — Ryan Hitchcock, 51, and Daniel Prien, 60 — are still missing since part of the building came crashing down on May 28. The city government said in a statement on Thursday that it believed there was “high probability” that the three men could have been “home at the time of the collapse” and that “their apartments were located in the collapse zone.”

Persons: Sarah Ott, Branden Colvin Sr, — Ryan Hitchcock, Daniel Prien Locations: Davenport , Iowa

Prosecutors have been examining any effort to obstruct the Justice Department’s investigation after Trump received a subpoena in May 2022 for classified documents. Subpoenas for surveillanceAgents first subpoenaed the Trump Organization for Mar-a-Lago surveillance footage last summer, before the August search by the FBI. But as more classified documents were found through the end of last year, investigators sought more surveillance footage from the Trump Organization, sources tell CNN. Corcoran found about three dozen classified documents, and he turned them over to FBI agents the following day when investigators came to Mar-a-Lago on June 3. In March, a judge ordered Corcoran, who has recused himself from representing Trump in the Mar-a-Lago case, to provide additional testimony.

Persons: Donald Trump’s Mar, Department’s, Trump, Jack Smith, Lago, Walt Nauta, Donald Trump, Jabin, Matthew Calamari Sr, Matthew Calamari Jr, Nauta, Evan Corcoran, Corcoran, Barrett Prettyman, Kevin Dietsch, “, subpoenaing Corcoran, hadn’t Organizations: Washington CNN, CNN, White, Prosecutors, Mar, Trump, Trump Organization for Mar, FBI, Trump Organization, Justice Department, Palm Beach, Washington Post, DOJ, Justice, House, The, Department Locations: Florida, Mar, Lago, Trump, West Palm Beach , Florida, Washington , DC

☆ Body of man missing in Iowa building collapse found
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

June 4 (Reuters) - The body of a man that had been missing since the partial collapse of a building in Davenport, Iowa, has been recovered, a city official confirmed on Sunday. The body of Branden Colvin Sr. was found on Saturday and his family has been notified, Sarah Ott, the city's chief strategy officer, said in an email. Two other men, 51-year-old Ryan Hitchcock and Daniel Prien, 60, were still missing as of Sunday. Local authorities said last week that the three men still unaccounted for, including Colvin Sr., had a "high probability of being home at the time of the partial building collapse." Colvin Sr.'s son was notified that his father's body had been found on the same day he received his high school diploma.

Persons: Branden Colvin, Sarah Ott, Ott, Ryan Hitchcock, Daniel Prien, Colvin, ” Branden Colvin Jr, Maria Caspani, Lisa Shumaker Organizations: Authorities, CNN, Thomson Locations: Davenport , Iowa, Davenport, Mississippi, Illinois

☆ ‘After Sherman’ Review: A Family Reckoning
▼ + stars: | 2023-06-01 | by ( Lisa Kennedy | ) www.nytimes.com time to read: 1 min

In the elegiac documentary “After Sherman,” cameras glide along waterways, soar above marshes, contemplate churches and travel down Southern roads lined by trees, the moss hanging like braids. Under the director Jon-Sesrie Goff’s gaze, these places are sacred, even as they remain haunted by a nation’s grievous racial history. “I’m Gullah, born in exile,” says Goff, who is based in New York, describing his place among the Gullah Geechee people of South Carolina. Dr. Norvel Goff Sr., a descendant of formerly enslaved people who purchased land in South Carolina after emancipation. Reverend Goff, who owns property in the Lowcountry, was also the interim pastor at Emanuel African Methodist Episcopal Church in Charleston, after a self-identified white supremacist killed nine Black parishioners gathered for Bible study one evening in June 2015.

Persons: Sherman, Jon, ”, Goff, Norvel Goff, Reverend Goff Organizations: Emanuel African Methodist Episcopal Church Locations: Southern, New York, South Carolina, Charleston

☆ Ice Cube says AI is demonic and its use in music will spark a backlash: 'Somebody can't take your original voice and manipulate it without having to pay.'
▼ + stars: | 2023-05-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Ice Cube has criticized AI-generated music, as well as platforms that distribute it. The rapper called AI-generated music demonic during an appearance on the Full Send podcast. Ice Cube has spoken out against AI-generated music amid a recent boom in the content. The rapper, whose real name is O'Shea Jackson Sr, called AI-generated music "demonic" during an appearance on the Full Send podcast. "I don't wanna hear an AI Drake song," he continued.

☆ Toyota redesigns bestselling Tacoma pickup amid increased midsize competition
▼ + stars: | 2023-05-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

The Tacoma has led the midsize pickup segment in sales for nearly 20 years, as competitors such as Ford, Jeep and Chevrolet have come, gone and returned to the segment. Midsize pickup trucks represented 4.4% of total U.S. vehicle sales in 2022, according to auto research firm Edmunds. Toyota has commanded a roughly 40% share of the American midsize pickup truck segment since 2019 when Ford Motor and Jeep reentered market, according to Edmunds. 2024 Toyota Tacoma Limited ToyotaTrailing Toyota is General Motors , which sells the Chevy Colorado and GMC Canyon. Tacoma is available in SR, SR5, TRD PreRunner, TRD Sport, TRD Off Road, Limited, TRD Pro, and Trailhunter.

LAKE CHARLES, La., May 18 (Reuters) - In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. As a member of the hard-right Freedom Caucus, Higgins was an early advocate for dramatic spending cuts, many of which ended up in the House bill. He hopes the spending cuts backed by Higgins won't affect local efforts to provide affordable housing. When it comes to spending, Higgins has been a solid "no" in Washington. For some local residents, Higgins' push for spending cuts in the face of so much need remains incomprehensible.

☆ A Navy jet just landed on the aircraft carrier USS Nimitz for the 350,000th time, but the famous flattop's days are numbered
▼ + stars: | 2023-05-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

A fighter jet landed on the USS Nimitz for the 350,000th time — a historic milestone. The aircraft carrier became the first in active service to hit that mark after 48 years in the Navy. Aircraft carrier USS Dwight D. Eisenhower has recorded 326,600 arrested landings, the next highest total. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr.

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