Author: News Room
As a high school marching band played a rendition of Neil Diamond’s “Sweet Caroline,” Minnesota Gov. Tim Walz walked down the 50-yard line at Friday’s crosstown rivalry football game between Mankato East High School and Mankato West High School. Walz, accompanying the latter team’s captains, received an introduction that would work equally well at a campaign rally. “Joining them for the coin toss,” said the announcer at Minnesota State University-Mankato’s Blakeslee Stadium, “former Mankato West defensive coordinator, decadelong geography teacher, Minnesota Gov. Tim Walz.” The crowd reacted with mild applause, mostly from Mankato West supporters. After the coin toss, Walz took a seat on the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israeli strikes have killed more than 150 Palestinians in an operation focusing on the Jabalia refugee camp this week, with thousands more trapped in the ruins of the settlement in northern Gaza after a year of war with Hamas. The camp has been the scene of several pitched battles between Israeli forces and Hamas, as the militant group attempts to regroup in areas from which the Israel Defense Forces had retreated.This week’s offensive started with the encirclement of Jabalia, leaving a single…
This article was written byFollowJuan de la Hoz has worked as a fixed income trader, financial analyst, operations analyst, and as an economics professor. He has experience analyzing, trading, and negotiating fixed-income securities, including bonds, money markets, and interbank trade financing, across markets and currencies. He focuses on dividend, bond, and income funds, with a strong focus on ETFs. Juan is a contributor to the investing group CEF/ETF Income Laboratory which is led by Stanford Chemist. Features of the service include: managed income portfolios (targeting safe and reliable ~8% yields) making use of high-yield opportunities in the CEF and ETF…
From cowboy boots to fried chicken-scented charms, foam footwear maker Crocs has a reputation for quirk. This month, Crocs is putting its best paw forward: The quirky-but-comfortable footwear maker is releasing a line of clogs for dogs. Pet Clogs are part of a partnership with pet supply company and subscription service BARK as part of Crocs’ annual “Croctober” campaign, when it releases a fan-inspired product. Companies often release promotional or limited-time items to boost recognition of their brand. Special flavors of sodas or candies, partnerships with influencers or other brands, even items that aren’t meant to be taken seriously can…
What lengths would you go to for your dream house? Would you move to another country? How about remodeling the interior of a space that was never meant to be a home at all?For the Americans who invited CNBC Make It into their homes for an Unlocked tour, thinking outside the box helped them turn unexpected spaces like abandoned lighthouses, old baseball stadiums and decrepit Italian properties into the homes of their dreams.Take a look inside some of the most unique homes we’ve toured and learn how they came to be.An abandoned baseball stadium is now a $14 million luxury…
Todd Graves’ high-risk funding strategy for Raising Cane’s Chicken Fingers was a bold gamble that almost cost him his dream.Today, the co-CEO and founder of Raising Cane’s is worth an estimated $9.5 billion, according to Forbes, thanks to his over 90% ownership stake in the company. But getting there was no easy feat. He had to work 90-hour weeks in an oil refinery and fish for salmon in Alaska just to raise enough capital to open the restaurant’s first location.When he was growing the chain, Graves said he took out loans with private investors at a 15% interest rate. He…
By Chris Farrell, Next Avenue Mention college and the conversation swiftly turns to student loans — with good reason. The current loan-based system to pay for postsecondary education is failing too many students, including a surprisingly large number of debtors nearing or in their retirement years. For one thing, $1.6 trillion worth of student loans were outstanding in the first quarter of 2024, up from $240 billion during the same period of 2003. Too many former students find themselves struggling to pay off their debts and almost one in six federal student loan borrowers are in default. The U.S. Department…
After two attempted assassinations and an ongoing threat from Iran, Donald Trump’s campaign has ramped up requests for security, including transport by military aircraft and additional security measures on the ground at the former president’s campaign stops, three sources familiar with the discussions told CNN. Trump’s campaign wants to use these resources – including access to military aircraft with deterrent systems to protect against surface-to-air missiles – as the former president crisscrosses the US during the final weeks of the presidential campaign. President Joe Biden, when asked about Trump’s requests on Friday, said they should be fulfilled – “as long as…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boeing will cut about 17,000 jobs and delay the first delivery of its 777X jet as the plane maker confronts deepening losses and the effects of a weekslong strike by its largest labour union. Chief executive Kelly Ortberg announced the cuts, equivalent to 10 per cent of its workforce, in a message to staff on Friday. “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” he said. Financial troubles have escalated at Boeing…
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCPK:MURGY) is an interesting income play over the long term, but its earnings outlook in the short term is not great due to recent catastrophe events in the U.S. As I’ve covered in a previous article, even though Munich Re’s dividend yield is not among the highest in the reinsurance sector, it’s a good income pick due to a sustainable dividend over the long haul. As I’ve not covered the company for some time, in this article I analyze its most recent financial performance and update its investment case, to see whether it remains a…
