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<ul class="summary-list"><li>NYC is far behind on requirements to build bike and bus lanes, among other non-car infrastructure.</li><li>This comes after Gov. Kathy Hochul suspended a new toll on vehicles in Manhattan below 60th Street.</li></ul>As urban dwellers around the world turn to two wheels to get around their cities, some governments are handling the shift better than others. The number of <keyword id="22853778" type="General" weightage="20" keywordseo="bicycle-trips" source="keywords">bicycle trips</keyword> in Paris <a target="_blank" class="" href="https://www.lemonde.fr/les-decodeurs/article/2023/11/11/a-paris-la-frequentation-des-pistes-cyclables-a-double-en-un-an_6199510_4355770.html">doubled</a> between 2022 and 2023, thanks to a <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2021-10-22/how-paris-will-become-100-cyclable">massive expansion</a> of the French capital's bike lane network. Tourists in town for the Olympics <a target="_blank" class="" href="https://slate.com/culture/2024/08/olympics-paris-games-bike-infrastructure-cycling-streets-safety-transportation.html?via=rss">are encouraged to cycle</a> to the Games. <keyword id="19901403" type="General" weightage="20" keywordseo="New-York-City" source="keywords">New York City</keyword> has also seen <a target="_blank" class="" href="https://momentummag.com/new-york-city-leads-the-way-as-new-report-shows-surge-in-cycling-across-the-u-s/">a surge in bicycling</a> since the pandemic caused many to avoid mass transit and ride shares. The success of the Citibike bike share program is <a target="_blank" class="" href="https://www.curbed.com/2023/05/citi-bike-nyc-ridership-10-years.html">a huge part of that change</a>. But anyone who hops on two wheels in New York is facing more dangerous and congested roads than in other leading global cities. The city Department of Transportation — which controls the streets, but not trains and buses — is behind on its longer-term plan to boost pedestrian and bike infrastructure. The city's five-year NYC Streets Plan, which became law in 2019, requires the city to build 250 miles of <keyword id="22853779" type="General" weightage="20" keywordseo="protected-bike-lanes" source="keywords">protected bike lanes</keyword> by 2026, among other safe streets priorities. So far this year, the city has completed just 2.3 miles of protected lanes, <a target="_blank" class="" href="https://projects.transalt.org/bikelanes">according to the advocacy group Transportation Alternatives</a>. Last year, it built 38.6 miles of 50 required miles of protected <keyword id="22853777" type="General" weightage="20" keywordseo="bike-lanes" source="keywords">bike lanes</keyword> and in 2022 it built 19.9 miles of the 30 miles it was required to build. At this time last year, it had built <a target="_blank" class="" href="https://www.instagram.com/p/CvH-_LFOkMP/?igsh=MWc3b244NDJxejk5MA%3D%3D">9.7 miles of lanes</a>. The city DOT told Business Insider that most bike lane construction happens in the second half of the year because of weather issues, and it disputed the 2.3-mile figure. But the department didn't provide an estimated number of bike lane miles it expects to complete this year. DOT noted that it built more protected lanes last year "than every major American city combined." Adams isn't just required by law to build bike lanes. He <a target="_blank" class="" href="https://www.amny.com/news/eric-adams-seeks-the-cycling-vote-with-a-promise-for-300-miles-of-bike-lanes/">campaigned for mayor on a promise</a> to build 300 miles of protected lanes in his first four-year term. And the funding for the Streets Plan — more than $900 million — has already been allocated to DOT. The Adams administration has also <a target="_blank" class="" href="https://www.nyc.gov/html/dot/downloads/pdf/nyc-streets-plan-update-2024.pdf">fallen behind</a> on other priorities in the Streets Plan, including building dedicated bus lanes and upgrading bus stops. Advocates say the slow pace of progress comes down to politics. "The money is there, the law is there, but the mayor doesn't seem to be there," said Elizabeth Adams, interim director of Transportation Alternatives. "And that's really what's holding this up." The city has made progress in some areas. A DOT spokesperson noted to Business Insider that the city has built "over a million square feet of pedestrian space over two years, exceeding the target in the Streets Plan." New York's plan to impose a new toll — known as congestion pricing — on vehicles that drive in Manhattan's central business district would have been a boon for more sustainable modes of transport. Fewer cars and trucks on the street means more space for bikers and pedestrians. Since London implemented congestion pricing 20 years ago, daily car trips have fallen while <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-02-23/london-bike-boom-risks-becoming-a-victim-of-its-own-success">bicycling trips have quadrupled</a>. But since New York Gov. Kathy Hochul abruptly <a target="_blank" class="" href="https://www.nytimes.com/2024/06/05/nyregion/congestion-pricing-pause-hochul.html">suspended</a> the congestion pricing plan she had <a target="_blank" class="" href="https://www.youtube.com/watch?v=sYQSH5E5p5Y">long celebrated</a>, a less congested future — not to mention at least <a target="_blank" class="" href="https://www.nytimes.com/2024/08/08/nyregion/subway-mta-finances-congestion-pricing.html">$15 billion</a> for the city's subways and buses — is on hold. In May, weeks before the city was set to implement congestion pricing, the DOT unveiled <a target="_blank" class="" href="https://www.nyc.gov/html/dot/html/pr2024/connect-core-access-business-district.shtml#:~:text=A%20report%20detailing%20this%20work,%2C%20safer%2C%20and%20more%20convenient.">a plan</a> to improve pedestrian and bike infrastructure to give New Yorkers better access to Manhattan below 60th street. The city insists it's moving forward with its plans despite the governor's about-face, and Adams said <a target="_blank" class="" href="https://ny1.com/nyc/all-boroughs/politics/2024/06/11/mayor-adams-congestion-pricing-hochul">he supported</a> Hochul's reversal on congestion pricing. "We are continuing to develop these projects regardless of the pause. Many are either in construction, or will start construction soon," a spokesperson for DOT told Business Insider in a statement. Advocates for mass transit and pedestrian and bicycle infrastructure say the safety and environmental impact of traffic is a crisis. New York was the most congested city in the world for the second year in a row, according to <a target="_blank" class="" href="https://inrix.com/scorecard/">one major study</a>. Congestion and crowding in the city "is very much at a breaking point," said Adams, of Transportation Alternatives. "We should be doing everything we can to make it easier to get around outside of a car," she added. <h2>Traffic deaths overtake gun deaths in NYC</h2>These days, biking doesn't feel like a viable option for many New Yorkers worried about safety. The city streets were <a target="_blank" class="" href="https://ny.pbslearningmedia.org/resource/cars-and-robert-moses-transform-nyc-video/new-york-documentary-film/">designed to maximize vehicle speed</a> rather than to get as many New Yorkers around as efficiently and safely as possible. Bikers have to contend with <a target="_blank" class="" href="https://transalt.org/press-releases/new-data-shines-light-on-the-growing-dangers-and-growing-ownership-of-suvs-in-new-york-city#:~:text=In%202016%2C%20SUVs%20were%20slightly,consequences%20for%20vulnerable%20road%20users.">larger cars</a>, <a target="_blank" class="" href="https://www.bloomberg.com/news/features/2023-01-06/welcome-to-the-age-of-extreme-acceleration?srnd=citylab">more speeding</a>, a surge in <a target="_blank" class="" href="https://nyc.streetsblog.org/2024/04/25/dot-will-spend-11m-to-boost-off-hour-deliveries">delivery trucks</a>, and a rash of speeding <a target="_blank" class="" href="https://www.nytimes.com/2024/05/27/nyregion/street-wars-e-bikes.html">mopeds and e-bikes</a>. While New York City streets have generally gotten safer since the city adopted its 'Vision Zero' plan in 2014 to eliminate traffic deaths and serious injuries in 2014, progress hasn't been consistent. Pedestrian deaths are <a href="https://www.nytimes.com/2024/07/30/nyregion/traffic-deaths-vision-zero.html" target="_blank">way up so far in 2024</a>. This year, New Yorkers were <a target="_blank" class="" href="https://gothamist.com/news/cars-prove-far-deadlier-than-guns-in-nyc-so-far-this-year">more likely to be killed in a traffic crash</a> than by gun violence. While pedestrian deaths fell <a target="_blank" class="" href="https://www.bloomberg.com/news/features/2024-03-11/new-york-city-s-decade-long-battle-for-pedestrian-safety">last year</a>, <a target="_blank" class="" href="https://www.nytimes.com/2024/03/05/nyregion/nyc-cyclist-deaths-ebike.html">more bicyclists died</a> on New York City's streets in 2023 than in any year since 1999, although a DOT spokesperson noted that cyclist deaths are "down nearly 37% so far this year." Cities like Paris, London, Tokyo, and Bogotá have proven how essential — and beneficial — pedestrian and <a target="_blank" class="" href="https://www.wired.com/story/most-bike-friendly-cities-2019-copenhagenize-design-index/">multi-modal infrastructure</a> is to a healthy city. Better bike and pedestrian infrastructure doesn't just mean safer streets and cleaner air — they're also <a target="_blank" class="" href="https://www.businessinsider.com/bike-lanes-good-for-business-studies-better-streets-2024-3">good for business</a>. Advocates say New Yorkers should follow their lead. "What New York City can learn is that when you commit to comprehensive bike infrastructure, it works," Elizabeth Adams said. "People are happier and it boosts the economy, and the streets are safer, and the air is cleaner, and people shift modes very quickly." Note: Correction: August 14, 2024 — This article has been updated to clarify that pedestrian deaths are higher this year, rather than traffic deaths, and added additional context around the city's building of pedestrian infrastructure and recent cyclist death counts.

Urban biking is booming around the world, but New York City is falling behind

On Wednesday, there was a subtle decrease in gold rates across India. In Delhi, the current price for 10 grams of 24-carat gold stands at ₹74,650. Meanwhile, on the MCX, gold contracts for June delivery experienced a drop of ₹10, settling at ₹74,500 per 10 grams. The shrink in gold prices today is believed to be influenced by the uncertainties over interest rate cuts later this year and currency value fluctuations. Here is an extensive daily list to give you the most recent information on gold prices in India's key cities. <h2> Check gold rates in different cities on 22nd May 2024</h2><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">City </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">22-Carat </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">24-Carat </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Delhi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,440 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,650 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mumbai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,290 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,500 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kolkata </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,290 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,500 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chennai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,590 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,830 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bengaluru </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,290 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,500 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hyderabad </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,290 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,500 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ahmedabad </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,340 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,550 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pune </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,290 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,500 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Surat </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,340 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,550 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nagpur </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,290 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,500 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kerala </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,290 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,500 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vijayawada </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,290 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 74,500 </td></tr></tbody></table> “COMEX Gold prices dropped near a record peak reached in the previous session, settling at around $2,400. This lift was driven by safe-haven demand and expectations of U.S. interest rate cuts, despite a firm dollar. Concerns over rising U.S. government debt and the Federal Reserve's attempts at a soft economic landing attracted investors to gold. Despite the fact that U.S. inflation shows signs of easing, Fed policymakers remain cautious about premature rate cuts. In China, efforts to stabilise the property sector and significant bullion purchases in early 2024 have bolstered gold's appeal. Investors are now focused on the upcoming Fed meeting minutes for further cues.” says Saish Sandeep Sawant Dessai, Analyst, base metals, Angel One Ltd. The trading week began on a negative note, but prior optimism stimulated shrewd buying, driving prices upwards in the initial half, nearing the 22600 level for the Nifty. However, a lack of sustained purchasing in the latter part led to cautious trading, resulting in a modest 0.12% gain with a closing figure of 22529. Despite minimal fluctuations in the benchmark index, attention shifted towards stock-specific trades, with the Midcap and Smallcap indices continuing their upward trajectory. Notably, the Metal Index performed well, offering lucrative positions. With the index approaching its peak, vigilance is advised, with support levels at 22350-22250 and resistance between 22600-22800. Anticipating forthcoming election outcomes, heightened volatility is expected, underscoring the importance of profit-taking and global market monitoring. Gold rates experience daily fluctuations due to a myriad of short- and long-term factors. These include considerations such as shifts in supply and demand, economic indicators, geopolitical developments, currency movements, investor sentiment, and more. Given the dynamic nature of the precious metals market, effective monitoring and analysis of pricing data are crucial for investors and traders to make informed investment decisions. While these data points offer valuable insights into market trends and factors driving price movements, investors are advised to perform their own due diligence before making any investment decisions. As the day progresses, it is important for investors to remain vigilant and monitor gold rates closely for any emerging trends or market developments. By staying informed about these daily price fluctuations, investors can identify potential trading opportunities and make well-informed investment decisions. For daily updates and in-depth analysis of gold rates, continue following our coverage on Business Insider India. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

Gold Rate Today (May 22, 2024): Prices in Major Indian Cities

<ul class="summary-list"><li>Reddit is eyeing an initial public offering as early as the first quarter of 2024.</li><li>Potential investors are advising it to target at least a $5 billion valuation, Bloomberg reported.</li></ul>Excitement is growing for one of the most <a target="_blank" href="https://www.businessinsider.com/2024-tech-ipos-discord-reddit-chime-stripe-klarna-2023-12">anticipated IPOs of 2024</a>.Potential investors are advising social media platform Reddit to target a valuation of more than $5 billion as it gears up to go public as soon as March, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-01-28/reddit-advised-to-target-at-least-5-billion-valuation-in-ipo">reported,</a> citing sources familiar with the matter.The success of the IPO is contingent in part on the state of the IPO market, which has struggled in recent years. Reddit's valuation is estimated below the $5 billion figure in private markets, Bloomberg reported. When Reddit first began preparing to go public in late 2021 — a <a target="_blank" href="https://www.businessinsider.com/2021-has-been-a-record-breaking-year-for-venture-capital-2021-12">record-breaking year for venture capital</a> — some thought the company could be valued as high as $15 billion in an IPO.Investors are hoping that <a target="_blank" href="https://www.businessinsider.com/instacart-klaviyo-profitable-lead-tech-ipo-revival-2023-8">2024 will be a more active year</a> for the IPO market. IPOs began showing signs of life again last year as profitable tech startups like Instacart and Klaviyo filed to go public. This year's IPO market may also be helped by the Fed's promised rate cuts and a weak M&amp;A market. The last time a social media company went public was in 2019. That was Pinterest, and it was valued at $10 billion. Reddit's current target shows that those days of sky-high valuations are gone, for now. Reddit declined Business Insider's request for further comment.Reddit, which some have dubbed <a target="_blank" href="https://www.businessinsider.com/alexis-ohanian-reddit-life-career-family-serena-williams-2020-6">"the front page of the internet,"</a> was launched in 2005 by University of Virginia roommates Steve Huffman, Alexis Ohanian, and Aaron Swartz.A year later, it became one of the biggest sites in the world in terms of unique visitors. The founders then <a target="_blank" href="https://www.cnbc.com/2020/11/03/alexis-ohanian-reflects-on-selling-reddit-for-10-million.html">sold it to Condé Nast</a> for just $10 million. Ohanian went on to launch venture firms Initialized Capital and Seven Seven Six, but Huffman stayed close to the company and has been CEO since 2015 — seeing it through an <a target="_blank" href="https://markets.businessinsider.com/news/stocks/reddit-confidentially-files-to-go-public-2021-12">explosive period of growth</a> during the pandemic, when it birthed the meme-stock craze.Still, even <a target="_blank" href="https://www.businessinsider.com/reddit-cofounder-firm-was-more-like-homework-assignment-than-business-2023-12">Huffman is shocked by how far Reddit has come</a> since its launch. He once said the business felt like a "homework assignment that got out of hand."

Reddit may be targeting a $5 billion valuation for its upcoming IPO

<ul class="summary-list"><li>Disney unveiled a slew of upcoming film projects during its biennial fan event, D23.</li><li>Many are prequels and sequels based on existing IP, including "Toy Story 5" and "Mufasa: The Lion King."</li></ul>After a series of theatrical misfires, Disney wants to turn misery into magic by doing what it does best: capitalizing on its already beloved franchises.Crowds gathered at the Honda Center in Anaheim, California, this weekend to attend <a target="_blank" class="" href="https://www.businessinsider.com/d23-sneak-peek-mandalorian-movie-sequel-moana-2-incredibles-3-2024-8">D23: The Ultimate Disney Fan Event</a>. The biennial expo has become the ultimate fandom experience for enthusiasts who love Marvel, Star Wars, Pixar, 20th Century Studios, and everything else Disney owns.On Friday, Disney CEO <a target="_blank" class="editor-rtfLink" href="https://www.tiktok.com/@heyinsiders/video/7401567655414467871?lang=en&amp;q=D23%20Bob%20Iger&amp;t=1723318765134">Bob Iger attended the expo,</a> walking onto the main stage to thunderous applause from the audience. It was an uncharacteristic appearance from Iger, who hadn't attended the event since 2019 when Disney was aglow with praise for box-office hits like "Avengers: Endgame" and "Toy Story 4."<div type="image" title="The Inside Out 2 booth at D23 in 2024." height="2849" width="4280" msid="112448555" hostid="261" sizebytes="884736"></div>But times have changed.For years, Disney bolstered its reputation as an entertainment heavyweight that could deliver successful films over and over again. <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/highest-grossing-movies-box-office-2017-1#1-avatar-2009-54">"Frozen" grossed $1.3 billion</a> worldwide in 2013, while its sequel surpassed that at $1.4 billion. Other popular franchises like "Avatar" made more than $5 billion across two films, and Marvel Studios' last installment of the "Avengers" series made $2.7 billion.Then, Iger retired in 2021, and so did Disney's undeniable reign at the box office.Although films like <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/guardians-of-the-galaxy-vol-3-review-2023-4">"Guardians of the Galaxy Vol. 3"</a> surpassed $845 million worldwide, others like <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/marvel-movies-ranked-how-much-money-at-global-box-office-2021-11">"The Marvels"</a> and <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/disney-movie-release-dates-this-year-2023-1">"Wish"</a> fell below expectations. Those films earned $206 million and $254 million worldwide, respectively.Disney began sliding away from its billion-dollar benchmark, prompting executives to pivot their strategy and coax <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/inside-return-disney-ceo-bob-iger-ouster-chapek-executive-complaints-2022-11">Iger out of retirement</a> to again helm the company in 2022.Iger acknowledged the stark reality in a <a target="_blank" class="editor-rtfLink" href="https://seekingalpha.com/article/4649431-walt-disney-company-dis-q4-2023-earnings-call-transcript">2023 earnings call</a>, saying the COVID-19 pandemic hurt the company's plan to ratchet up its project output."And I've always felt that quantity can be actually a negative when it comes to quality. And I think that's exactly what happened. We lost some focus," Iger said.Iger then floated Disney's life raft: prequels and sequels."I feel really optimistic about the slate going forward, which is going to be a balance between some really strong sequels to some very, very popular titles, as well as some good original content," he said.Disney has already found success in 2024 by mining its existing stories."Inside Out 2" was a success this summer, grossing $1.4 billion so far. "Deadpool &amp; Wolverine," the third in the Marvel franchise, is nearing the $1 billion mark less than a month after its July release.At D23, fans were introduced to a slate of new projects based on Disney's old IP, including "Moana 2" and a "Lion King" prequel titled "Mufasa."Here are all the prequel and sequel films Disney has on its docket.<h2 id="833bad86-5920-4a05-a36d-63e037ba40a3">Walt Disney Studios and Walt Disney Animation Studios</h2><ul><li>"Moana 2" — November 27, 2024.</li><li>"Mufasa: The Lion King" — December 20, 2024</li><li>"Tron: Ares " — October 10, 2025</li><li>"Zootopia 2" — November 26, 2025</li><li>"Freakier Friday" — 2025</li><li>"Frozen 3"— 2027</li></ul><h2 id="0b964895-0afa-4430-9f42-065788f9d150">20th Century Fox</h2><ul><li>"Avatar: Fire and Ash" — December 19, 2025</li></ul><h2 id="5804e006-8792-40ad-aab7-639779aff883">Pixar Animation Studios</h2><ul><li>"Toy Story 5" — June 19, 2026</li><li>"Incredibles 3 " — currently in production</li></ul><h2 id="99585b42-543e-4880-9bbd-68bc358071ed">Lucasfilm</h2><ul><li>"The Mandalorian and Grogu" — May 22, 2026</li></ul><h2 id="736fa9d4-be05-41eb-83c5-e5fa4f845165">Marvel Studios</h2><ul><li>"Captain America: Brave New World" — February 14, 2025</li></ul>

Here are all the upcoming prequels and sequels that Disney hopes will turn its box-office struggles around

The <keyword id="19895345" type="General" weightage="20" keywordseo="Supreme-Court" source="keywords" meta.keywordsubtype="org" meta.entityname="Supreme Court" meta.hostid="261" meta.entityid="Supreme Court">Supreme Court</keyword> on Monday refused to entertain a plea seeking postponement of certain papers of the <keyword id="21466151" type="General" weightage="20" keywordseo="Chartered-Accountancy" source="keywords">Chartered Accountancy</keyword> (CA) exams scheduled for May on account of the Lok Sabha polls. A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra said the <keyword id="20230355" type="General" weightage="20" keywordseo="Institute-of-Chartered-Accountants-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Institute of Chartered Accountants of India" meta.hostid="261" meta.entityid="Institute of Chartered Accountants of India">Institute of Chartered Accountants of India</keyword> (<keyword id="6364696" type="General" weightage="20" keywordseo="icai" source="Orion">ICAI</keyword>) has not fixed the examination on election dates. It noted that the general elections to the Lok Sabha are to be held on May 7 and 13 and no exam has been scheduled for May 6 and May 12. Altering the examination date would disrupt the extensive arrangements already in place for the conduct of the examination and it could result in "grave injustice for some students", it said. The scheduling of exams pertains to "policy decisions", it said while refusing to entertain the PIL. "But weighing the importance of the right to vote we have examined the position of candidates who shall be appearing for exams and would also need to vote. 591 centres are there and no exams on polling dates. At this stage when 4 lakh plus students have enrolled, any relief at this stage would result in grave prejudice," the CJI said. The Chartered Accountancy (CA) exams are scheduled to start from May 2 and continue till May 17. The plea sought that the exams scheduled for May 8 and May 14 be postponed to other dates as elections are going to be held in some states on May 7 and May 13. The Delhi High Court, on April 8, has refused to postpone the <keyword id="21424300" type="General" weightage="20" keywordseo="CA-exams" source="keywords">CA exams</keyword> while dealing with another plea. The high court had said it was surprised that such a request was made before it and termed the petition as "bereft of substance". The counsel representing the ICAI had submitted that rescheduling the exam in the second week of June would throw the exercise into disarray and added that due care has been taken to ensure that no exams are scheduled on the dates when polling will be held. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-may-2024/slidelist/109682003.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-may-2024/slidelist/109682003.cms" target="_blank">Upcoming smartphones launching in India in May 2024</a><a href="https://www.businessinsider.in/business/auto/webstories/ultraviolette-f77-mach-2-electric-sports-bike-launched-in-india-starting-at-2-99-lakh/slidelist/109615934.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/ultraviolette-f77-mach-2-electric-sports-bike-launched-in-india-starting-at-2-99-lakh/slidelist/109615934.cms" target="_blank">Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh</a><a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank">An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema</a>

SC refuses to plea seeking postponement of CA exams scheduled in May

<ul class="summary-list"><li>Jennifer Lopez has called off her upcoming 30-date US &amp; Canada tour.</li><li>"I am completely heartsick and devastated about letting you down," Lopez wrote.</li></ul><a target="_blank" href="https://www.businessinsider.com/how-much-is-j-lo-worth-2018-8">Jennifer Lopez</a> has announced her decision to cancel her upcoming North American tour to spend more time with her family, telling her fans she is "devastated" about letting them down.The singer and actor was due to kick off her first tour in five years in Orlando on June 26 before hitting up several other US and Canadian cities and ending on August 31 in Houston.On Friday, a representative from events promoter Live Nation announced that the tour was canceled, sharing a statement <a target="_blank" class="editor-rtfLink" href="https://www.billboard.com/music/music-news/jennifer-lopez-cancels-this-is-me-live-tour-1235698081/">to Billboard</a> that read: "Jennifer is taking time off to be with her children, family and close friends."They added that those who bought seats via Ticketmaster would receive refunds automatically, while those who went through third-party resale sites would need to contact their points of purchase for more details.The 54-year-old also told fans about the cancellation in her newsletter, "OnTheJLo.""I am completely heartsick and devastated about letting you down," it read."Please know that I wouldn't do this if I didn't feel that it was absolutely necessary."I promise I will make it up to you, and we will all be together again. I love you all so much. Until next time."Lopez announced the tour in February. It was originally conceived as the "This is Me… Now: The Tour," seemingly to accompany her 10th studio album and <a target="_blank" href="https://www.businessinsider.com/jlo-movie-this-is-me-now-explained-2024-2">Prime Video movie</a> of the same name.<div type="image" title="The tour was going to be the singer's first live tour in five years." height="2933" width="4451" msid="110619974" hostid="261" sizebytes="787360"></div>As <a target="_blank" class="editor-rtfLink" href="https://variety.com/2024/music/news/jennifer-lopez-this-is-me-now-tour-greatest-hits-rebrand-1235958543/">Variety</a> noted, by April, the tour had been rebranded to "This Is Me... Live: The Greatest Hits." The outlet theorized that this was due to low ticket sales and an attempt to entice fans of Lopez's entire discography rather than her latest material.However, <a target="_blank" class="editor-rtfLink" href="https://ew.com/jennifer-lopez-rebrands-tour-as-this-is-me-live-greatest-hits-8624291">Entertainment Weekly</a> reported that it understood that Lopez "made no changes to the planned setlist or the content of the show itself and that the tour was always intended to be a celebration of Lopez's career."The cancellation of the tour comes as reporters have begun asking questions about Lopez's personal life.Last week, she shut down a question about the status of her <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/jennifer-lopez-ben-affleck-relationship-timeline-photos">marriage to Hollywood star Ben Affleck </a>while promoting her movie "Atlas" in Mexico City.As seen in a video <a target="_blank" class="editor-rtfLink" href="https://x.com/glamourmex/status/1793443562870145077">shared on X</a> by Glamour México y Latinoamérica, she was asked by someone during a question-and-answer session: "Your divorce with Ben Affleck is real? What is the truth?" Lopez's costar, Simu Liu, intervened, responding: "OK, we're not doing that."Lopez then added: "You know better than that."Lopez and Affleck <a target="_blank" class="editor-rtfLink" href="https://www.insider.com/jennifer-lopez-ben-affleck-wedding-barely-made-it-vegas-chapel-2022-7">married in June 2022</a> after rekindling their romance almost two decades after they broke up and <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/jennifer-lopez-on-canceled-wedding-ben-affleck-2022-11">called off their 2003 wedding.</a>The couple were seen together this week attending Affleck's daughter Violet's graduation ceremony, <a target="_blank" class="editor-rtfLink" href="https://people.com/ben-affleck-jennifer-lopez-united-front-daughter-graduation-ceremony-8656511">People</a> reported.

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