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• [[Los Angeles Times]]
  • Disney keeps the magic going
    • Revenue from parks and cruise lines rises even as consumers face inflation worries.
    • SO FAR, Disney hasn’t seen a change in consumer spending from higher gas costs. Above, Disneyland Paris.
  • White House backs L.A. fire victims who are suing State Farm
    • STATE FARM, headquartered in Bloomington, Ill., is the lead defendant in a suit that names top insurers.
  • IPhone users could get up to $95 from Apple settlement
    • APPLE is accused of violating consumer protection laws over AI features. Above, an Apple Store in 2024.

• [[USA Today]]
  • Buy now/pay later enters housing
    • More companies are offering services to split up rent payments, making it easier for some to pay bill
    • As rental costs spiral higher, a growing number of companies are offering services that allow the monthly charge to be split up, which can make it easier for some tenants to pay. ● The companies say they’re stepping into the breach where public policies for tenants don’t exist, but consumer advocates say the products are expensive at best and predatory at worst. And with no relief in sight for a yearslong housing affordability crisis, the tension looks set to continue. ● Roughly one-third of all American households rent, and half of them spend more than one-third of their income on rent, according to the Harvard Joint Center for Housing Studies. For many tenants, paying the rent all at once at the beginning of the month leaves them with no way to get by until the next paycheck arrives.
  • April’s layoffs show a job market that is stagnant
    • New weekly unemployment claims, a proxy for layoffs, are an indicator of the health of a state’s economy.
  • Unwinding a trust presents problems
    • Tax changes make some parents regret fast gifting

• [[The New York Times]]
  • Higher Gas Prices Are Hitting Lower-Income Americans the Hardest
    • People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.
    • Gas prices have soared since the start of the war with Iran.
  • In Backlash Against Tech in Schools, Parents Are Winning Rollbacks
    • From Salt Lake City to New York City, parents are demanding more sway over the digital tools that schools give children.
    • Sandra Martinez Roe, with her son, is a leader of a Los Angeles parents’ group pushing the district to audit its technology contracts and limit the use of tech in schools.
  • The Return for These Investors Isn’t Money, It’s More Affordable Housing
    • Local governments are trying to create housing that is permanently affordable by investing directly in construction. They are rewriting how housing programs have traditionally operated.
    • Matt Bedsole of Invest Chattanooga has helped seed housing funds in several cities.
  • With eBay Bid, GameStop C.E.O. Baffles His Fans and Wall Street
    • Investors questioned Ryan Cohen’s latest gambit after he gave an evasive CNBC interview and a once-loyal supporter sold his GameStop shares.
    • Ryan Cohen took over GameStop in 2021, making it profitable. But in an interview with CNBC, he appeared to have trouble answering basic questions about his proposal to merge it with eBay.

• [[Wall Street Journal]]
  • AI Mania Lifts Miscellany of Stocks
  • New Disney CEO Offers Vision for Company
    • Josh D’Amaro says Disney isn’t selling ESPN and is shifting theme-park marketing dollars from overseas to the U.S.
  • Samsung Soars to Join Tech’s $1 Trillion Club
  • Restaurant Chains Log Gains Despite Steady Rise in Costs
  • Nordisk’s Results Thrive On Wegovy Demand
  • Opaque Deals At HSBC Left Bank Vulnerable

• [[Financial Times]] 영국에 위치한 니케이 소유 회사입니다.
  • Bil­lion­aire entre­pren­eur Turner, who revolu­tion­ised global media, dies aged 87
    • Ted Turner, the flam­boy­ant bil­lion­aire who foun­ded CNN, Amer­ica’s first 24-hour news net­work that trans­formed the coun­try’s media and polit­ical land­scape, died yes­ter­day aged 87.
    • Ted Turner at the launch in June 1980 of his CNN group, Amer­ica’s first 24-hour news chan­nel
  • Nor­dics and Canada find com­mon cause in cut­ting reli­ance on US
    • Trump's repeated forays into claiming Greenland have caused the other non-Russian Arctic nations to seek shelter together
  • Apollo chief says mark-ups of retail funds ‘make no sense’
    • ▸ Rowan warns of dangers to investors ▸ Prac­tice is stand­ard in private equity
    • Rowan said that Apollo planned to join a group recommending changes to the mark-up practice
  • Mas­ter­card, PayPal and Visa probed in anti­trust case
    • PayPal, Mas­ter­card and Visa are being invest­ig­ated by the UK’s fin­an­cial reg­u­lator for alleged anti-com­pet­it­ive beha­viour, in a rare anti­trust probe by the watch­dog.