Tallahassee, Florida – Florida would be subject to one of the nation's most restrictive social media bans for minors — if it faces expected legal challenges — under a bill signed by Republican Gov. Ron DeSantis on Monday.The bill would ban social media accounts for children under 14 and require parental permission for children between 15 and 16 years old. It was slightly watered down from the proposal that DeSantis vetoed earlier this month, a week before the end of the annual legislative session.The new law was Republican House Speaker Paul Reiner's top legislative priority. It goes into effect on…
Author: ricardofrancois
Americans are getting grayer — and that could be a windfall for senior housing. Two of the biggest beneficiaries of this trend are some real estate investment trusts, which also return income to investors, according to Morgan Stanley. The company favors Welltower, which has a dividend yield of 2.7%, and American Healthcare REIT, which went public on February 7 and yields 7.1%. They both own senior housing properties. About 18% of the U.S. population is currently over 65, and by 2060, the percentage of seniors is expected to rise to more than 23%, according to a Morgan Stanley analysis of…
Boeing CEO Dave Calhoun speaks to reporters as he leaves a meeting in the office of Senator Mark Warner (D-Va.) on Capitol Hill on January 24, 2024 in Washington, DC. Anna Money Maker | Getty ImagesBoeing CEO Dave Calhoun will step down at the end of 2024 as part of a wide-ranging management shake-up for the embattled airline giant.Boeing said Monday that Chairman Larry Kellner will not run for re-election at Boeing's annual meeting next May. He will be succeeded as president by Steve Mollenkopf, who has been a Boeing director since 2020 and is the former CEO of Qualcomm.…
Check out the companies making headlines in midday trading. Boeing — Shares rose 1.6% after the airline said earlier Monday that CEO David Calhoun will step down at the end of 2024. The company added that Chairman Larry Kellner will also step down. Masimo – The medical technology company rose nearly 5%. Masimo announced on Friday that its board of directors has authorized management to evaluate a spin-off of its consumer business. Wells Fargo upgraded the stock to overweight from equal weight in light of the news. Super Micro Computer – The chip stock jumped nearly 10% after JPMorgan began…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.The unspeakable has tried to pull off the unimaginable. Swedish property group Samhällsbyggnadsbolaget (SBB) has too much debt and too little time. However, a series of creative financings led by Leif Sinise, the CEO who parachuted in last year, has kept the company ahead of its creditors.In its latest move, SBB announced on Monday that it would buy back bonds worth 163 million euros at a 60 percent discount. This should result in a profit of 245 million euros. The good news…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Boeing CEO Dave Calhoun is set to step down at the end of this year, as part of a series of high-level personnel changes at the embattled US plane maker.Boeing said on Monday that Chairman Larry Kellner would also leave the board. He will be replaced by Steve Mollenkopf, former CEO of Qualcomm, who will lead the search for Calhoun's successor. These changes come as the company faces the repercussions of an incident that occurred in January, in which a plane door…
a Andrew Caballero Reynolds | AFP | Getty ImagesThe growth rate of housing prices is slowing.U.S. home prices rose 0.6% from the previous month in February, in line with the average monthly gain of 0.6% in the eight years leading up to the COVID-19 pandemic, according to a new Redfin analysis.Before the pandemic, it was normal for prices to grow about half a percent each month, or increase about 5% or 6% annually, said Darryl Fairweather, Redfin's chief economist.“We are back in that trend, despite higher mortgage rates,” she said.More personal finance: What might a $418 million settlement on home…
Xiaomi's first electric car, the SU7, will be on display at the Xiaomi Automotive Delivery Center on March 25, 2024 in Hefei, Anhui Province, China. Chinese tech company Xiaomi's first electric car, the SU7, will be officially launched on March 28 Ruan Xiufeng | China Optical Group | Getty ImagesXiaomi CEO Lei Jun on Monday raised the price of the Chinese company's first electric car ahead of its official launch this week.“The goal of the Xiaomi SU7 is to be the best-looking, best-driving and most intelligent sedan under 500,000 yuan ($69,328),” Li said in a post on Chinese social media…
Check out which companies are making headlines in pre-market trading. Boeing – Shares of the aerospace giant rose more than 2% after the company announced that CEO Dave Calhoun will step down at the end of the year. Board Chairman Larry Kellner will also resign. Masimo – Shares rose nearly 12% after the medical technology company announced late Friday that it was considering spinning off its consumer business. Activist investor Quentin Coffey of Politan Capital Management plans to vie for two additional seats on Massimo's board, the Wall Street Journal reported on Sunday. Additionally, Wells Fargo upgraded the stock on…
What is the collective noun for investigations into major technology companies? Because the European Union has just announced a pile of investigations into designated gatekeepers under the Digital Markets Act (DMA). Alphabet/Google, Apple and Meta face their first formal investigations for non-compliance under the bloc's rebooted pre-competition rulebook. Alphabet/Google's rules on Google Play guidance and its approach to self-preference in search results are in the framework. For Apple, the European Union is also considering its own rules regarding guidance in the App Store and the design of selection screens for alternatives to its Safari web browser. While Meta's “Pay or…