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☆ How previous investing mistakes are shaping my thinking on the latest stock gone wrong
▼ + stars: | 2024-05-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Three times a day we would gather "off the desk," and I would have to defend every stock we owned. First, there's the obvious mistakes that we have made: Bausch Health and Foot Locker . To signify the changes, he renamed it Bausch Health in 2018, after the eye-care company Valeant bought for $8.7 billion five years earlier. We thought the IPO market would come back, and Bausch Health would win the lawsuit and all would be back on track. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jeff Marks, Karen Cramer, Cramer, Karen, Max Palevsky, It's, Joseph Papa, Clint Eastwood, Papa, Jim Cramer, Valeant, Bausch, Locker, Mary Dillon, Dillon, Wall, Emerson, Cristiano Amon, Laxman Narasimhan, Howard Schultz, Narasimhan, Benckiser, Kevin Johnson, Schultz, Johnson, it's, —, Foot Locker, Jim Cramer's, Jim Organizations: Cramer &, Intel, Charitable Trust, Co, Starbucks, Bausch Health, Pharmaceuticals, Perrigo, Health, Norwich Pharmaceuticals, Former, Emerson Electric, Qualcomm, National, Eaton Corp, Broadcom, Palestine, PepsiCo, Nestle, Elliott Management, Emerson, CNBC, Getty Locations: China, —, Israel, U.S, BHC, FL, Jinan, East China's Shandong province

☆ Vera Wang is turning 75 this year. She has no plans to retire.
▼ + stars: | 2024-04-15 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

That's what it's all about, really," Wang said. In May 2021, Wang told CNBC that her work has allowed her "to really have a very full life." "I think work has been my whole life and it's kept me honestly relevant, fascinated, passionate, frightened, worried and stressed," she said. Wang is part of a list of celebrities and CEOs who have been vocal about their decisions to continue working even as they get older. About one-third of Americans over 40 also say they would continue working even if they have no financial need, per a 2019 TD Ameritrade survey.

Persons: —, Vera Wang, Warren Buffett, Queen Elizabeth II, I'm, Wang, Ralph Lauren, it's, Jay Leno, Clint Eastwood, Eastwood, Buffett, Ron Olson, Greg Abel, Warren, Greg, Olson, Roy Cohen, BI's Jane Ridley Organizations: Service, Business, Vogue, Carlyle, CNBC, Independent, Fortune, Berkshire Hathaway, Pew Research, Workers Locations: New York City, Berkshire

☆ Storing Renewable Energy, One Balloon at a Time
▼ + stars: | 2024-03-18 | by ( Amos Zeeberg | ) www.nytimes.com time to read: +2 min

The key component of this technology is as unlikely as the remote location: carbon dioxide, the chief cause of global warming. Energy Dome, a start-up based in Milan, runs an energy-storage demonstration plant that helps to address a mismatch in the local electricity market. “In Sardinia during the day, everyone goes to the sea,” Claudio Spadacini, chief executive of Energy Dome, said. Energy Dome uses carbon dioxide held in a huge balloon, the “dome” in the company’s name, as a kind of battery. Companies are developing and marketing varied and creative ways to store renewable energy: liquefying carbon dioxide, de-rusting iron, heating towers filled with sand to temperatures almost hot enough to melt aluminum.

Persons: Clint Eastwood, Claudio Spadacini, “, Jennifer M, Granholm, we’ve, ”, Elaine Hart Organizations: Energy Locations: Sardinia, Ottana, Milan, “, U.S

☆ Military Veteran Rates 10 Iraq War Battle Scenes in Movies and TV
▼ + stars: | 2024-02-28 | by ( Ian Phillips | David Ibekwe | ) www.businessinsider.com time to read: +1 min

Jay Dorleus, an Iraq War veteran, looks at how the Iraq War is portrayed in movies and TV shows. He examines how PTSD is portrayed in "Billy Lynn's Long Halftime Walk" (2016), starring Joe Alwyn, Vin Diesel, and Kristen Stewart. He explains what urban warfare in Iraq was like, as seen in "Stop-Loss" (2008), starring Ryan Phillippe, Channing Tatum, and Joseph Gordon-Levitt; and "Generation Kill" (2008), starring Alexander Skarsgård. Finally, he breaks down the infamous "Triangle of Death," as portrayed in "War Dogs" (2016), starring Jonah Hill, Miles Teller, and Ana de Armas. Follow Jay Dorleus:https://www.youtube.com/@GreenBeretChronicleshttps://www.instagram.com/green_beret_chronicles/Veterans who have been affected by PTSD can contact the PTSD Foundation of America at ptsdusa.org or the Wounded Warrior Project at woundedwarriorproject.org.

Persons: Jay Dorleus, Clint Eastwood's, Bradley Cooper, Sienna Miller, John Cena, Aaron Taylor, Johnson, Matt Damon, Greg Kinnear, Brendan Gleeson, Jeremy Renner, Anthony Mackie, Guy Pearce, Denzel Washington's, Michael B, Tom Holland, Billy Lynn's, Joe Alwyn, Vin Diesel, Kristen Stewart, Ryan Phillippe, Channing Tatum, Joseph Gordon, Levitt, Alexander Skarsgård, Jonah Hill, Miles Teller, Ana de Armas Organizations: Jordan, Veterans, of America Locations: Iraq, ptsdusa.org, woundedwarriorproject.org

☆ Here's how to play Japan stocks, finally hitting a new high after 34 long years
▼ + stars: | 2024-02-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Japan's Nikkei 225 index , a price-weighted index of 225 Japanese stocks, has also hit an historic high. A few months before that, on December 29, 1989, Japan's Nikkei 225 Index hit an historic high that stood until this week. That's about the amount the U.S. stock market dropped at the start of the Great Depression, from 1929 to 1932. .N225 5Y mountain Nikkei 225 Index in past five years. The Japanese stock market took 20 years.

Persons: it's, Japan's, Minoru Isutani, Arnold Palmer, Richard Ferris, Peter Ueberroth, Clint Eastwood, Nori, Bart Wakabayashi Organizations: Nikkei, CNBC, Japan's Nikkei, Mitsubishi, Rockefeller Center, Lone Cypress Company, Sumitomo Bank, Taiheiyo, Lone Cypress, Toyota, Honda, Sony, Hitachi, Nintendo, Sumitomo Mitsui, Japan Hedged Equity, Dow Jones, Tokyo Stock Exchange, Retailing, Softbank, Vision Fund, Foreign, Bank of Japan, White Oak Capital, Reuters Locations: Tokyo, New York, Japanese, California, Japan, U.S, Singapore

(AP) — Harvard University’s Hasty Pudding Theatricals roasted Barry Keoghan, best known for his roles in “Dunkirk,” “The Killing of a Sacred Deer,” “Eternals,” and “The Banshees of Inisherin,” on Friday with its 2024 Man of the Year Award. He also offered a quip about “Saltburn” — which includes a scene where Keoghan performs a nude dance. Annette Bening, a two-time Golden Globe winner who recently received her fifth Oscar nomination, was named Thursday as the 2024 Woman of the Year. Hasty Pudding Theatricals, which dates to 1844 and calls itself the third-oldest theater group in the world, has handed out a Man of the Year Award since 1967. Hasty Pudding Theatricals’ 2024 Woman of the Year Award dates to 1951.

Persons: Harvard, Barry Keoghan, ”, Keoghan, Hasty, “ Mr, Robert Downey Jr, Morton, “ I’ve, Paul Newman’s, “ It’s, ” Keoghan, “, Annette Bening, Bob Odenkirk, Saul Goodman, Saul, Clint Eastwood, Tom Hanks, Robert De Niro, Harrison Ford, Samuel L, Jackson, Ryan Reynolds, Bening, Diana Nyad Organizations: The, Harvard, Golden Globe Locations: CAMBRIDGE, “ Dunkirk, ”, —, “

☆ Opinion | A Radical Proposal for Nikki Haley: Try to Win More Votes
▼ + stars: | 2024-01-27 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

Nikki Haley lost the New Hampshire primary but found a cause: getting under Donald Trump’s not exactly rhinoceros-thick skin. Haley’s turn toward mockery and confrontation has created modest excitement in the disillusioned world of NeverTrump punditry. Maybe the remaining non-Trump Republican is giving up on being vice president or winning some future G.O.P. The idea that there exists some form of elite Republican denunciation, combined with egregious Trumpian misbehavior, that could shatter the G.O.P. coalition and send him to a Barry Goldwater or George McGovern-style defeat, seemed plausible enough eight years ago.

Persons: Nikki Haley, Donald Trump’s, Nick Catoggio, Trump, Barry Goldwater, George McGovern, Bill Munny, Clint Eastwood’s, “ Deserve’s Organizations: New, Republican, Trump Republican, Republicans, Democratic Party Locations: New Hampshire

☆ Netflix DVDs, Scorsese and Me
▼ + stars: | 2023-11-03 | by ( Gabe Cohn | More About Gabe Cohn | ) www.nytimes.com time to read: +4 min

The DVD service was particularly handy when I decided to embark on a career-spanning marathon of all Martin Scorsese’s movies. The most rented movie overall was “The Blind Side” (never saw it) and the most rented TV show “Dexter” (a video store rental for me in 2010). The “Tár” outlier speaks to one of the beautiful aspects of the Netflix DVD. (Don’t sleep on De Niro’s deliciously unhinged performance in “The King of Comedy.”) For all Netflix DVD users, though, De Niro rests at a healthy but comparatively modest fifth place. In this way, the DVD service acted more as an overstuffed old-school video store.

Persons: Martin Scorsese’s, Bertha ” —, ‘, Dexter ”, Tom Cruise, ”, “, Cate Blanchett, Paul Newman, weren’t, Morgan Freeman, Matt Damon, Liam Neeson, Scorsese, Robert De Niro, Niro’s, De Niro, Meryl Streep, Catherine, Clint Eastwood, Eastwood, Steven Spielberg, Catherine Scorsese, Marty, Mark Wahlberg Organizations: Netflix, D.C, Washington , D.C, Gran Torino ’, Hulu, Disney, Apple Locations: ’ Washington, Washington ,, Scorsese’s, The

☆ The Extreme 19th: is this the most terrifying shot in sport?
▼ + stars: | 2023-11-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

Golf is nothing like an extreme sport – but it absolutely is in one corner of South Africa. Courtesy Legend Hospitality GroupInto the lion’s denThe seed for The Extreme 19th was planted in November 2000, when Cilliers’ wife Mart surprised him with a family picnic at the summit of Hanglip Mountain for his 41st birthday. Courtesy Legend Hospitality GroupStaff donned crash helmets as balls rained down from above in an attempt to plot the best landing zone. Two icons of British sport have played The Extreme 19th: seven-time Formula One world champion Lewis Hamilton and five-time Olympic rowing gold medalist Steve Redgrave, as well as South African Springbok rugby heroes Frik Du Preez, Naas Botha and Morne Steyn. Courtesy Legend Hospitality GroupCilliers occupies neither.

Persons: Africa’s, they’ve, ”, Peet Cilliers, “, Cilliers, Mart, –, Gary Player, teed, ” Cilliers, “ We’ve, Franklyn Stephenson, Sergio Garcia, Bernhard Langer, Justin Rose, Padraig Harrington, Lewis Hamilton, Steve Redgrave, Frik Du Preez, Morne, Morgan Freeman, Nelson Mandela, Matt Damon, Clint Eastwood, ” Freeman scrawled, you’ve, you’re Organizations: CNN, Safari Conservancy, Legend, Rand, Lions, Staff, Golfers, West Indies, –, African Springbok, Naas Botha, Globe, Cilliers Locations: South Africa, Limpopo, Zimbabwe, “, China, Europe, Naas, Morne Steyn, Lake Entabeni, Johannesburg, it’s

☆ He knew 'nothing' about selling alcohol when he launched Patrón—then he sold it for $5.1 billion
▼ + stars: | 2023-10-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When John Paul DeJoria first started selling tequila, he knew plenty about business — but "nothing whatsoever" about the liquor industry, he says. He was convinced he had a product superior to anything else on the market, and he knew he could sell it. Today, Patrón is one of the top-selling tequila brands in the world, selling roughly 3 million cases each year. Forbes currently estimates his net worth at roughly $3 billion. We knew nothing about the business, but we knew it was the best tequila in the world.

Persons: John Paul DeJoria, He'd, DeJoria —, —, hairstylist Paul Mitchell, John Paul Mitchell, DeJoria's, Martin Crowley, DeJoria, Francisco Alcaraz, Clint Eastwood Organizations: CNBC, John Paul Mitchell Systems, Bacardi Limited, Forbes Locations: Mexico, Mexican, Los Angeles, Patrón

☆ Arnold Schwarzenegger Is Here to Pump You Up (Emotionally)
▼ + stars: | 2023-10-01 | by ( David Marchese | ) www.nytimes.com time to read: +11 min

As improbable as his achievements are, Schwarzenegger believes his life and outlook can be a model for others. Then I realized that that’s funny. If they want to be stuck in the ideological corner, then I say, I think I’m freer if I’m not, and I can work with more people. Schwarzenegger in the documentary series “Arnold.” NetflixWhat do you think of the different sides’ positions on the issues? “You’re terminated.”“If it bleeds, it leads.” That’s funny.

Persons: Arnold Schwarzenegger, Schwarzenegger, “ I’m, ”, I’ve, It’s, Harry Chase, I’m, it’s, Bobby, Clint Eastwood, Al Pacino, Dustin Hoffman, there’s, Conan ”, Jim Cameron, Conan, “, He’s, Milton Berle, You’ve, you’re, Kevin Winter, goody, Let’s, Trump, Ramin Talaie, “ Arnold, You’re, David Marchese, Alok Vaid, Menon, ordinariness, Joyce Carol Oates, Robert Downey Jr Organizations: Los Angeles Times, UCLA, Everett, Arnold Sports Festival, Mattel, Hollywood, Republican Party, Republican, Convention, ” Netflix, Netflix, Marvel Locations: Austria, California, American, Berle’s, Hollywood, New York City

(AP) — A judge sentenced a central Indiana man to 195 years in prison Tuesday on his convictions of three counts of murder in the 2021 execution-style slayings of three people. Officers found their bodies on Sept. 8, 2021, at a Lebanon apartment after receiving a report that three people may be dead. A probable cause affidavit said Grimball’s DNA was found on cigarette butts in a kitchen ashtray in the apartment. Authorities have said the slayings resulted from an ongoing feud between one of the victims and a friend of Grimball. Political Cartoons View All 1182 ImagesGrimball at the time of his conviction was already serving time for a conviction for intimidation, domestic battery and resisting law enforcement.

Persons: —, Chad Grimball, Thorntown, Larry Stogsdill Jr, Brannon Martin, Grace Bishop, Grimball, Grimball’s, “, ”, Kent Eastwood Locations: LEBANON, Ind, Indiana, Lebanon, ” Boone County

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ The unlikely love affair between Australia and Bollywood
▼ + stars: | 2023-08-19 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +11 min

CNN —It is the kind of unlikely love story that would make the scriptwriters of Asia’s biggest movie business proud. Film & Casting TempleHarman Baweja starred alongside Priyanka Chopra in “Love Story 2050,” shot in South Australia and released in 2008. “Australia realized that after ‘servicing’ Bollywood for over 13 years it was time to shift gears and move to collaboration with Indian cinema,” said Sharma. Salim MerchantChanging global appetiteOf no little importance is the growing audience for Bollywood productions in Australia. Anupam Sharma films for Australia's first ethnic reality show, "Bollywood Star," on SBS TV by WTFN.

Persons: Anthony Albanese, Narendra Modi, Tony Burke, “, ”, Anupam Sharma, Sharma, Feroz Khan –, “ Bollywood’s Clint Eastwood ” –, I’m, ’, “ Prem Aggan, Khan, Harman Baweja, Priyanka Chopra, Mike Rann, Baweja, Harry Baweja, Ajay Devgan, ” Sharma, Garth Davis, Dev Patel, Nicole Kidman, David Wenham, Weinstein, ” Brothers Salim, Sulaiman Merchant, “ UnIndian, Salim Merchant, Salim, Sulaiman, Mitu Bhowmick Lange, Bhowmick Lange “, ” Bhowmick Lange, Bhowmick Lange, La Trobe, Anupam, “ Everyone’s Organizations: CNN, Asia’s, Australian, Indian Film, of Melbourne, Sydney Opera House, Baweja Studios, “, Mumbai, –, ”, Co, “ Salaam, La Trobe University, La, SBS, WTFN Locations: Australia, Delhi, Brisbane, Sydney, Australian, Melbourne, India, Lake Gairdner, South Australia, Western Australia, “ Australia, ” Australia, Canada, China, Mumbai, Victoria, China Town

☆ Thomson Reuters' profit beats estimates; outlook steady
▼ + stars: | 2023-08-02 | by ( Helen Coster | ) www.reuters.com time to read: +4 min

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. The news and information company reported adjusted earnings of 84 cents per share, 6 cents ahead of estimates. Total revenue rose 2% in the quarter to $1.65 billion, slightly missing expectations, according to Refinitiv. Thomson Reuters maintained its full-year 2023 outlook for organic revenue, adjusted EBITDA margin and free cash flow. Reporting by Helen Coster Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, divestitures, Steve Hasker, Thomson, –, Michael Eastwood, Hasker, Eastwood, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, Accounting, company’s Elite, TPG, London Stock Exchange, Reuters News, Thomson Locations: Manhattan, New York City , New York, U.S, Britain, California

☆ ‘Mission: Impossible — Dead Reckoning Part One’ Review: Still Running
▼ + stars: | 2023-07-11 | by ( Manohla Dargis | More About Manohla Dargis | ) www.nytimes.com time to read: +2 min

I don’t know if anyone has ever clocked whether Tom Cruise is faster than a speeding bullet. He racks up more miles in “Mission: Impossible — Dead Reckoning Part One,” the seventh entry in a 27-year-old franchise that repeatedly affirms a movie truism. That is, there are few sights more cinematic than a human being outracing danger and even death onscreen — it’s the ultimate wish fulfillment! Once again, he plays Ethan Hunt, the leader of a hush-hush American spy agency, the Impossible Mission Force. The whole thing is complicated, as these stories tend to be, with stakes as catastrophic as recent news headlines have trumpeted.

Persons: Tom Cruise, —, Ethan Hunt, Rebecca Ferguson, Vanessa Kirby, handymen, Simon Pegg, Ving, Ethan, ”, that’s, Hunt, Harley Quinn, Rome —, Wade Eastwood, Grace, Hayley Atwell Organizations: Mission Force Locations: “, Paris, Rome

Banks typically provide research to clients as part of a broader offering of services, but that changed when the European Union introduced the Markets in Financial Instruments Directive (MiFID) II laws in 2018 to improve transparency. "It took about a year for us to become compliant to MiFID II laws -- it was a long, intense process," said Candace Browning, head of BofA Global Research. U.S. financial firms were initially given an exemption by the U.S. Securities and Exchange Commission, which expires on July 3. "Companies continue to face challenges complying with the MiFID II unbundling requirement and U.S. law," said Joe Corcoran, SIFMA's managing director and associate general counsel for capital markets. 'EXPENSIVE AND COMPLICATED' In Europe, asset managers under MiFID II are not allowed to pay for research through broker commissions on trading -- instead, investors are billed separately by banks for research.

Persons: Banks, Candace Browning, Joe Corcoran, SIFMA's, SIFMA, MiFID, Michael Eastwood, Jefferies, Jesse Forster, BofA, salespeople, Browning, Forster, Russell Sacks, Nupur Anand, Lananh Nguyen, Deepa Babington Organizations: YORK, Bank of America Corp, Jefferies Financial, European Union, Financial, BofA Global, U.S . Securities, Exchange Commission, Securities Industry, Financial Markets Association, SEC, Jefferies, Coalition, King, Spalding, Thomson Locations: Europe, U.S, Greenwich, Coalition Greenwich, New York

☆ Thomson Reuters to acquire legal AI firm Casetext for $650 mln
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Thomson Reuters (TRI.TO) said on Monday it had agreed to acquire Casetext, a legal startup with an artificial intelligence-powered assistant for law professionals, in a $650 million all-cash deal. One of Casetext's key products is CoCounsel, an AI legal assistant launched in 2023 and powered by GPT-4 that delivers document review, legal research memos, deposition preparation, and contract analysis in minutes, Thomson Reuters said in a statement. California-based Casetext employs 104 employees, and its customers include more than 10,000 law firms and corporate legal departments. The acquisition of Casetext is another step towards bringing generative AI solutions to customers, said Steve Hasker, president and CEO of Thomson Reuters. Generative AI is a type of artificial intelligence that generates new content or data in response to a prompt, or question, by a user.

Persons: Thomson, Michael Eastwood, Casetext, Steve Hasker, Bharat Govind Gautam, Rashmi Organizations: Thomson Reuters, Thomson Locations: California, Casetext, Bengaluru

☆ Thomson Reuters to acquire legal tech provider Casetext for $650 mln
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Thomson Reuters Corporation (TRI.TO) said on Monday it had agreed to acquire Casetext, a California-based company that provides technology solutions for legal professionals, in a $650 million all-cash deal. Casetext employs 104 employees, and its customers include more than 10,000 law firms and corporate legal departments, Thomson Reuters said on Monday. The acquisition of Casetext is another step towards bringing generative AI solutions to customers, said Steve Hasker, president and CEO of Thomson Reuters. Casetext was granted early access to OpenAI's GPT-4 large language model, allowing it to develop solutions with the new technology and refine use cases for legal professionals. Reporting by Bharat Govind Gautam in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomson, Michael Eastwood, Casetext, Steve Hasker, Bharat Govind Gautam, Rashmi Organizations: Thomson Reuters Corporation, Thomson Reuters, Thomson Locations: California, Casetext, Bengaluru

☆ The Rather Surreal World of Barbie’s Body Double
▼ + stars: | 2023-06-22 | by ( Alexis Benveniste | ) www.nytimes.com time to read: 1 min

Emma Eastwood had just changed out of Barbie’s tight pink jumpsuit at the Warner Brothers studio in London when she learned she had landed her most high-profile role yet: Barbie’s body double. She had set her expectations low after they twice rescinded offers for her to be an extra, she said. The 26-year-old actress, who grew up in San Francisco and now lives in London, had mostly worked on commercials, music videos and short films. Her role in “Barbie” marked her first time as a body double. She woke up before sunrise, and by 6 a.m., she was on a minibus that transported her to the studio.

Persons: Emma Eastwood, Greta Gerwig’s, “, ” Ms, Eastwood, “ Barbie ” Organizations: Warner Brothers Locations: London, San Francisco

☆ Almodovar's gay Western draws Cannes crowd - even without Pedro Pascal
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

[1/5] The 76th Cannes Film Festival - Screening of the film "Kaibutsu" (Monster) in competition - Red Carpet Arrivals – Cannes, France, May 17, 2023. Director Pedro Almodovar and cast members Ethan... Read moreCANNES, May 17 (Reuters) - Throngs of people eager to watch Pedro Almodovar's "Strange Way of Life," a 31-minute Western film starring Ethan Hawke and Pedro Pascal as lovers, at the Cannes Film Festival on Wednesday afternoon were turned away after waiting more than an hour in the rain. "There is some very robust and old-fashioned storytelling here and 'Strange Way of Life' feels quite old-fashioned in its way," wrote The Guardian newspaper, which gave it four out of five stars. The film will be released later this year and is distributed by Sony Pictures Classics, according to the trade paper Variety. Reporting by Miranda Murray; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ William Leslie Arnold: Loving father exposed as a convicted killer who lived life on the run
▼ + stars: | 2023-05-09 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +12 min

He had killed his parents … and he’s at the drive-in seeing “The Undead” Geoff Britton, US investigator“He had killed his parents. By the time Britton started on the case, Arnold had been on the run for more than three decades. In prison, Arnold followed the rules and could have qualified for early release, Cordes wrote. Westover said the son didn’t know he’d emailed a US Marshal who’d been tasked with tracking down his father. Now that they know his alias, US officials are piecing together Arnold’s life from his last known location in Chicago.

☆ Opinion | Why Debt Chicken Is Such a Dangerous Game
▼ + stars: | 2023-05-05 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

He is refusing to negotiate with McCarthy on spending cuts. He’s demanding a “clean” — that is, unconditional — increase of the debt ceiling. Let’s say a default badly damaged the economy. Because the party in the White House tends to do badly when the economy does badly, regardless of the reasons. McCarthy wouldn’t need to say a word about this on Tuesday: Both men know how politics work.

[1/2] The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. Total revenue rose 4% in the quarter to $1.738 billion, beating expectations, according to estimates from Refinitiv. Thomson Reuters plans to spend $100 million on an annual run rate basis to invest in artificial intelligence, Hasker said. AI features will be incorporated in most major business divisions -- legal, tax and accounting, and in the news business. As of April 30, it owned 47.4 million shares of LSEG, worth $5 billion.

☆ ‘Guy Ritchie’s The Covenant’ Review: Action in Afghanistan
▼ + stars: | 2023-04-21 | by ( Kyle Smith | ) www.wsj.com time to read: +1 min

Dar Salim and Jake Gyllenhaal Photo: Metro Goldwyn Mayer PicturesThe possessive title is an odd choice for “ Guy Ritchie ’s The Covenant.” Mr. Ritchie made a name for himself in his native Britain directing kinetic and funny gangster comedies infused with hip comic dialogue and an ironic streak, notably “Lock, Stock and Two Smoking Barrels” and “Snatch,” then carried that spirit with him to Hollywood in such efforts as the two Sherlock Holmes movies starring Robert Downey Jr. Yet his latest offering, an Afghanistan war yarn, is such a straightforward action drama that it could have been made by Clint Eastwood . Only the jokey homoerotic banter stamps it as typical of Mr. Ritchie’s work. Jake Gyllenhaal stars as John Kinley, a supremely competent master sergeant in 2018 Afghanistan tasked with finding and destroying Taliban bomb factories dotted around the country. He goes on a mission with a new local interpreter he doesn’t fully trust, Ahmed (Dar Salim), who despises the Taliban for killing his son and is further tempted by the prospect of earning a special visa to immigrate to the U.S. in exchange for satisfactory service.

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