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☆ Goldman Sachs is strong, Netflix raises questions: What we learned from earnings this week
▼ + stars: | 2024-04-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Of those companies, 73.6% have beaten earnings expectations, FactSet data shows. Investment banks doing well, BofA not so much The major banks that posted results this week — Goldman Sachs , Morgan Stanley and Bank of America — beat earnings expectations. Bank of America shares fell more than 3% despite the company beating on both top and bottom lines. Mixed earnings picture Although nearly three-quarters of the reported earnings so far have topped expectations, the broader earnings picture is more muddled. The blended earnings growth rate, which considers the reports already out and the estimates from those still pending, sits at just 0.16%.

Persons: — Goldman Sachs, Morgan Stanley, Alastair Borthwick, Wells, Mike Mayo, Goliath, Mayo, Goldman Sachs, Wells Fargo's Mayo, Goldman, Ebrahim Poonawala, cyberattack, George Hill, Doug Anmuth, Jessica Reif Ehrlich, Canaccord Genuity, Chris Harvey Organizations: Investment, Bank of America —, Bank of America, Bank of America's, JPMorgan, Wells, of America, Deutsche, Netflix, NFLX's, Revenue, Microsoft, Exxon Mobil

☆ How Trump managed to lose $1 billion in net worth in a single day
▼ + stars: | 2024-04-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

That’s kinda what happened for investors in Trump Media & Technology Group, the troubled owner of Truth Social, on Monday. Even with Monday’s stumble, the stock is still up about 200% over the past six months, giving it a $6.6 billion valuation that defies logic. Trump Media, aka TMTG, generated just $4.1 million in revenue last year. But if history repeats, or even echoes, with Trump Media, investors may want to buckle up. Bottom line: Monday’s slump is hardly game over for Trump and his social media company.

Persons: CNN Business ’, Wile, Coyote, Monday’s, Matt Egan, It’s, ” Axios, Dan Primack, “, Donald Trump, David, dusts Organizations: CNN Business, New York CNN, Trump Media & Technology Group, Truth, Trump Media, GameStop, Trump Locations: New York, selloff

☆ How the businessman who blew up MoviePass tried to create a 'TikTok killer' and cost investors millions
▼ + stars: | 2024-04-01 | by ( Ashley Rodriguez | Jason Guerrasio | ) www.businessinsider.com time to read: +22 min

At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."

Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, —, Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York

☆ Why the Shohei Ohtani story is so concerning for baseball and sports
▼ + stars: | 2024-03-29 | by ( Harry Enten | ) edition.cnn.com time to read: +10 min

CNN —I can’t recall a recent baseball story that has captured the public imagination like the current one involving Los Angeles Dodgers phenom Shohei Ohtani, his former translator Ippei Mizuhara and gambling. That said, assuming Ohtani has done nothing wrong, America’s pastime will emerge from this situation mostly unscathed. Ohtani stalls at second base after hitting a double during the first inning of a game against the St. Louis Cardinals. Yes, one team is favored to win, but we don’t know that team will win for sure. And if it occurs involving someone as beloved as Ohtani, it could be a disaster for not just baseball, but sports around the globe.

Persons: Shohei Ohtani, Ippei, –, Ohtani, Will Ireton, Kirby Lee, Reuters Ohtani, it’s, Mike Trout, didn’t, I’ll, won’t, Sean M, I’m, It’s, they’ve, We’ve, Brad Bohannon, Bohannon, Jontay Porter, bettors, Porter, ” Porter wasn’t, Stu Foster, Sandro Tonali, Phil Mickelson, Pete Rose, Shoeless Joe Jackson –, Rose, Jackson, Tyrese Haliburton, JB Bickerstaff, Charlie Baker, Ezra Shaw, Rob Manfred, David, Goliath Organizations: CNN, Los Angeles Dodgers, Major League, Dodgers, USA, Sports, Reuters, League, Baseball, St, Louis Cardinals, American, NFL, Former University of Alabama, Alabama, Toronto Raptors, Italian Football Federation, England’s Football Association, Newcastle United, Major League Baseball, Cincinnati Reds, Black Sox, Chicago White Sox, Famers, Bettmann, Indiana Pacers, Cleveland Cavaliers, NBA, Getty Images, American Gaming Association, Census, MLB, MLB Network Locations: United States, Nevada, Bohannon, Italy, Tonaly, England

Wells Fargo raised its price target on Bank of America, now calling for more than 15% upside. Evercore ISI hiked its price target on the consumer products company to $150 per share from $133. Power has a $90 price target on the cloud software stock, implying shares can rally 44.5% in the next year. Forbes' $425 price target implies the stock can climb 43.1% from Wednesday's ending price. Analyst Mike Mayo raised his price target for the bank stock by $4 to $44, implying a 16.4% upside over Wednesday's close.

Persons: Wells Fargo, Clark, Javier Escalante, Escalante, KMB, — Jesse Pound, Jefferies, Portillo's, Andy Barish, Barish, — Brian Evans, Jason Gursky, Wednesday's, shakeup, Gursky, Alex Harring, Baird, William Power, — Alex Harring, Steven Forbes, Forbes, RH, BofA, Cintas, Heather Balsky, Balsky, Robinhood, Alex Markgraff, Markgraff, TD Cowen, John Blackledge, Grindr, Blackledge, It's, it's, Estee Lauder, Bryan Spillane, Spillane, Estee, Tom Ford, Joseph Greff, Greff, FanDuel, Vikram Gandhi, Gandhi, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath Organizations: CNBC, Bank of America, HSBC, Allstate, Kimberly, Staples, ISI, Citi, Boeing, Alaska Airlines, Dow Jones, UC, Guggenheim, RH's, FactSet, Estee Lauder Bank of America, JPMorgan, Allstate Allstate Locations: Portillo's, Five9, Estee, New Jersey, Wednesday's

☆ A Nigerian woman reviewed some tomato puree online. Now she faces jail
▼ + stars: | 2024-03-27 | by ( Nimi Princewill | ) edition.cnn.com time to read: +7 min

Abuja, Nigeria CNN —A Nigerian woman who wrote an online review of a can of tomato puree is facing imprisonment after its manufacturer accused her of making a “malicious allegation” that damaged its business. Her post, accompanied by a photo of an opened can of Nagiko Tomato Mix, produced by local company Erisco Foods Limited, sparked varied reactions from commenters, one of whom replied: “Stop spoiling my brother’s product. This case is due to be heard on May 20, her lawyer, Inibehe Effiong, told CNN. National police spokesman Olumuyiwa Adejobi told CNN he could not comment on the case as the matter was in court. Hard to proveNigerian legal and public affairs analyst Kelechukwu Uzoka told CNN that there are limits to the freedom of speech defense.

Persons: Nigeria CNN —, Chioma, ” Okoli, Okoli, Erisco, ”, “, Inibehe Effiong, Nwokolo, who’s, Effiong, couldn’t, Olumuyiwa Adejobi, ” Adejobi, David, ” Effiong, Kelechukwu Uzoka, Eric Umeofia Organizations: Nigeria CNN, CNN, Facebook, Erisco Foods, Nigeria Police Force, Okoli, National, “, Amnesty Locations: Abuja, Nigeria, Lagos, West African, ”, ” The Lagos, Erisco’s Lagos

☆ Quince Restaurant Sues E-Commerce Brand, Says It Stole Its Name
▼ + stars: | 2024-03-15 | by ( Kate Taylor | ) www.businessinsider.com time to read: +10 min

Tusk told BI that Last Brand has "continuously expanded their product line smack dab into our backyard." According to Gupta, the founders renamed the brand Quince in 2020 upon its official launch to play on the word quintessential, a reference to the brand selling premium essentials. "Off the record, we were eating at a sister restaurant to a three-Michelin-starred restaurant named Quince in SF, and we really loved the name," Gupta said. For now, the restaurant Quince will continue to deal with confused customers. "I know that we're outmatched and all that, but it kind of left us no choice," Tusk told BI.

Persons: Lindsay Tusk, She'd, Michael, Everett Noel, Tusk, Quince, —, Sid Gupta, Zachary Briers, " Briers, David —, Gupta, Leslie Williamson, Daniel Page, Last, Page Organizations: MICHELIN, Michelin, Better, Inc, Last Brand Inc, The New York Times Style Magazine, TV, FedEx, YouTube, Last, Brand Locations: San Francisco, Italy, San Francisco's, The, Bolinas , California

WASHINGTON (AP) — Facing a barrage of super PAC money, more than 20 progressive groups are coming together to forcefully counter pro-Israel groups’ efforts to primary challenge liberal members who've been critics of Israel's blistering military offensive in Gaza. The coalition, called Reject AIPAC, includes Jewish peace organizations and Arab American and Muslim groups that have been organizing in record numbers since the Israel-Hamas war began in October. That campaign has turned the otherwise safely Democratic districts into election battlegrounds. Israel’s air and ground offensive has also driven most Palestinians from their homes and pushed one-quarter of the population toward starvation. This comes as AIPAC shifted in its own strategy in the last several years, transitioning from strictly a lobbying organization to helping elect centrist, pro-Israel Democrats.

Persons: who've, ”, Usamah, Jamaal Bowman, Ilhan Omar, Summer Lee of Pennsylvania, Cori Bush of, ” Andrabi Organizations: WASHINGTON, Israel, Hamas, American Israel Public Affairs Committee, Democratic, Justice Democrats, AIPAC, Democratic Party, Press, Congressional Progressive Caucus, Israel Democrats Locations: Gaza, Israel, Washington, New York, Minnesota, Cori Bush of Missouri

☆ South China Sea: On board an outnumbered Philippine ship facing down Chinese aggression
▼ + stars: | 2024-03-06 | by ( Rebecca Wright | Ivan Watson | ) edition.cnn.com time to read: +15 min

Near Second Thomas Shoal, South China Sea CNN —As dawn slowly broke on the horizon, a large fleet of Chinese vessels came into view from the deck of a Philippine Coast Guard ship as it entered the contested waters of the South China Sea. Filipino soldiers on the dilapidated Sierra Madre ship, anchored near the Second Thomas Shoal in the South China Sea, on May 11, 2015. The US military also maintains a regular presence in the South China Sea, with aircraft overflights, so-called “freedom of navigation” operations, and patrols and exercises with allies and partners to assert that the South China Sea is an international waterway. The Philippine Coast Guard said it counted five China Coast Guard vessels and 18 boats belonging to Beijing’s “maritime militia." Rebecca Wright/CNNTarriela, the Coast Guard spokesperson, said a China Coast Guard vessel had come within 20 yards (60 feet) of the Cabra.

Persons: David, Goliath, “, ”, Thomas Shoal, Rebecca Wright, Sabina, Ritchie, Jiao, –, Jay Tarriela, Mao Ning, China Coast Guard “, Thomas, Ferdinand “ Bongbong ” Marcos Jr, Rodrigo Duterte, Marcos Jr, Jose Manuel Romualdez, CNN Tarriela, Tomas Etzler, Erik de Castro, month’s, ” Tarriela, ‘, Collin Koh, ” Koh, Ray Powell, SeaLight, “ Will, ” Powell, we’ve Organizations: South China, CNN, Philippine Coast Guard, Philippine, Armed Forces, China Coast Guard, ” CNN, Philippine Navy, Coast Guard, Foreign Ministry, Sierra Madre, Center for Strategic, Studies, China Power, Ministry, Washington, Philippine News Agency . Diplomacy, Coast Guardians, Guard, Madre, Reuters, USS, China, Rajaratnam, of International Studies, National Security, Stanford University Locations: South, South China, Philippines, United States, Philippine, China, Bulilyan, Palawan, Sierra Madre, Sierra, The Philippines, Vietnam, Malaysia, Brunei, Taiwan, Madre, Hague, Beijing, China’s, Manila, Shanghai, Singapore

☆ How Hedge Funds Are Betting on Electricity and the Changing Power Grid
▼ + stars: | 2024-03-05 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +19 min

A onetime commodities backwater, congestion trading has become a growing business in recent years as the demand for electricity and volatility on the power grid in the US has soared. The financial category, which includes specialized power-trading companies, banks, hedge funds, and large proprietary trading firms, dominates the market, in part because the physical power firms typically operate in only one or two regions. He launched three congestion trading teams for the firm, including in California and Texas after those states introduced congestion trading in 2008 and 2010, respectively. Citadel, along with Susquehanna International Group and Tower Research, has been involved in FTR trading since the market's infancy. Volatility has been increasing on the power grid, in part because of changing weather patterns, Jeev added.

Persons: Kumar Jeev, Jane Street, Richard Roseblade, who's, There's, Roseblade, Bill Clark, Jeev, DC Energy's Tyler Kuhn, DRW, California Al Seib, Brevan Howard, Jane, Stephanie Staska, Staska, couldn't, Joe Biden's, It's, Meredith Angwin, Angwin Organizations: Business, Capital, Midwest, Citadel, Tower Research, Yes Energy, Energy, Anadolu, Getty, Federal Energy Regulatory Commission, FERC, Nasdaq, York Stock Exchange, Nvidia, Johns Hopkins University, DC Energy, Wayfair, Squarepoint, Appian, Boston Energy, Susquehanna International Group, DC, Bloomberg, Commodities, Traders, Wall Street, Workers, GreenHat Energy, JPMorgan, Hill Energy Resource & Services, P, Grid, & $ Locations: Wall, East Coast, DRW, Susquehanna, FTRs, New York, Canada, Texas, Virginia, California, Berlin, Chicago, Oregon, California Al, Ukraine, Russian, Uri, Northern Virginia

☆ Why Australia keeps an arm’s length from South China Sea tensions, even as it draws closer with the Philippines
▼ + stars: | 2024-03-04 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +8 min

CNN —When Philippine President Ferdinand Marcos Jr. addressed the Australian Parliament last week there was no mistaking the fighting talk. The Philippines accused China's coast guard of setting up the barrier at the mouth of the disputed fishing ground. That meeting will also be attended by several other nations with territorial disagreements with China – including Vietnam, Brunei and Malaysia. Collin Koh, research fellow at the S. Rajaratnam School of International Studies in Singapore, said Australia was unlikely to back any tough language at the summit pertaining to the South China Sea or any other hot-button issue. As Bisley put it, “We don’t like what China does, but we’re not going to put ourselves in harm’s way.”

Persons: Ferdinand Marcos Jr, ”, Marcos, Rodrigo Duterte, –, Thomas Shoal, David, China’s, Marcos ’, China –, Scott Morrison, Collin Koh, Penny Wong annouced, Anthony Albanese, Albanese, Lukas Coch, Susannah Patton, it’s, ” Patton, China’s aggressions, Wang Wenbin, Nick Bisley, Bisley, we’re Organizations: CNN, Maxar, Association of Southeast Asian Nations, ASEAN, China, Rajaratnam, of International Studies, Australia, Australian, Partners, Reuters, South China, Southeast Asia, Lowy Institute, China’s Ministry of Foreign Affairs, La Trobe University Locations: Philippines, China, South China, Manila, China’s, Philippine, Scarborough, Scarborough Shoal, Hague, United States, Canberra, Australia, Melbourne, Vietnam, Brunei, Malaysia, Beijing, Singapore, South, Penny Wong annouced Canberra, Southeast Asia, Japan, India

☆ 'Survivor' contestants share 17 facts about being on the show that would surprise even the biggest fans
▼ + stars: | 2024-02-29 | by ( Meghan Cook | ) www.businessinsider.com time to read: +16 min

Eight "Survivor" competitors spoke with Business Insider about their time on the show and shared behind-the-scenes secrets that might surprise even the series's biggest fans. The production team has a set of 'identical' replacement clothesLauren-Ashley Beck and Karishma Patel on "Survivor: Island of the Idols." Beck added that she sometimes said things out loud before remembering that they could be aired on national television. Contestants aren't allowed to directly address the camera crewKellee Kim and Lauren-Ashley Beck on "Survivor: Island of the Idols." But Beck added that after spending weeks with the crew, it's hard to not notice certain things about them.

Persons: —, Lauren, Ashley Beck, Beck, Davie Rickenbacker, Rickenbacker, Elaine Stott, Stott, We're, we're, Patel, Karishma Patel, Janet Carbin, aren't, Carbin, castmates, Malcolm Freberg, Carbin's, Kellee Kim, they're, Tyson Apostol, Dean Kowalski, Tom Laidlaw, Chelsea Walker, Robert Voets, Jeff, doesn't, Andrea Boehlke, Boehlke, David, — Nick Wilson, Nick, Goliath, Dan Rengering, I've, she's Organizations: Service, CBS, Business, Getty, YouTube Locations: Philippines, Guatemala, Nicaragua, Cambodia, Fiji, Tribal, Ponderosa

☆ Opinion: In Ukraine’s swelling cemeteries, a lost generation of young men
▼ + stars: | 2024-02-29 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +7 min

Lviv CNN —Few places ooze the pain Ukrainians have been subjected to over the decades more than Lychakiv Cemetery in the western city of Lviv. These days, Lychakiv has become the burial ground for hundreds of service men and women killed in the most recent wave of Russian aggression. I’ve been coming to Lychakiv since the early weeks of the war to get a better sense of the human cost. “There are such cemeteries as Lychakiv all over Ukraine,” Lviv resident and community activist Lesia Krepyakevych told me. (Under Ukrainian law, men between the ages of 18 to 26 can’t be drafted, though they can volunteer).

Persons: Michael Bociurkiw, Michael Bociurkiw Chrystia, Ivan Franko, Volodymyr Ivasiuk, Lychakiv, I’ve, Pavlo Palamarchuk, Volodymyr Zelensky, Lesia Krepyakevych, it’s, who’ve, can’t, Mike Johnson, Donald Trump, Johnson, Biden, Putin, Emmanuel Macon didn’t, David, Goliath Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Lviv CNN, Getty, West, ”, Senate, Republican, Ukraine – Locations: Europe, Lviv, Ukraine, Anadolu, ” Lviv, Red, Iranian, Russia, Kyiv, Washington, America

☆ Opinion: A Sydney ‘copshop’ with a dark history. And the gay community reclaiming it
▼ + stars: | 2024-02-22 | by ( Opinion Gary Nunn | ) edition.cnn.com time to read: +8 min

Police arrest a protester during a gay rights demonstration, which would become known as the first Sydney Gay and Lesbian Mardi Gras, June 1978. A permanent place to learn and healThere’s never been a more crucial time to record and display the stories and history of my LGBTQI community. LGBTQ+ activists demonstrate in what would evolve into the Sydney Gay and Lesbian Mardi Gras, 1978. Many arrested gay men were sent to Cooma — the world’s only known jail for gay men — also in New South Wales. My gay community finally gets to tell their own history in a venue that imprisoned and beat us for simply being ourselves.

Persons: Gary Nunn, Read, Gary Nunn Qtopia, Sydney’s, Anthony Albanese, “ ‘, ”, Darlo copshop, Steve Warren, Peter Murphy, Murphy, Qtopia, They’ve, videographers, There’s, —, David Polson, wasn’t, “, Cooma, David hasn’t, He’s Organizations: Sydney CNN, Darlinghurst Police, “ ‘ 78ers, ‘ 78ers, 78ers, Police, Sydney Gay, Mardi Gras, Sydney Morning Herald, Fairfax Media, Getty, Warren, Mardi, South Wales, Gay, NSW police, Goliath Locations: Sydney, Australia, Darlinghurst, San Francisco, London, South, Qtopia, New South Wales, Uganda, Malaysia, Guyana, Dominica, Nigeria, Pakistan

☆ Bob Edwards, longtime host of NPR’s ‘Morning Edition,’ dies at 76
▼ + stars: | 2024-02-12 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —Bob Edwards, the longtime National Public Radio host and a goliath of the broadcasting world, died on Saturday, his wife, NPR reporter Windsor Johnston, confirmed in a Facebook post. “Bob Edwards understood the intimate and distinctly personal connection with audiences that distinguishes audio journalism from other mediums, and for decades he was a trusted voice in the lives of millions of public radio listeners,” NPR CEO John Lansing said in a statement Monday. “Staff at NPR and all across the Network, along with those millions of listeners, will remember Bob Edwards with gratitude.”Edwards began his 30-year tenure at NPR in 1974, when the network was still in its infancy. He co-hosted “All Things Considered,” NPR’s evening show, before spearheading “Morning Edition” as its inaugural host in 1979, a position he held until 2004. “Morning Edition will continue to be my first source for news,” he wrote in a letter to listeners about his exit.

Persons: Bob Edwards, Windsor Johnston, “ Bob Edwards, John Lansing, ” Edwards, Ellen McDonnell, Edwards, Bob, ”, “, we’ve, It’s, Edward R, Murrow, Gabriel, Alfred I, du Pont, Red Barber, “ Edward R Organizations: New, New York CNN, longtime National Public Radio, NPR, “ Staff, Los Angeles Times, University of Louisville, US Army, American Forces Korea Network, Corporation for Public Broadcasting, National Catholic Association of Broadcasters, Columbia University Award, Radio Hall of Fame, Journalism Locations: New York, Kentucky, New Albany , Indiana

☆ What to know about the Chiefs-49ers Super Bowl matchup
▼ + stars: | 2024-02-11 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +7 min

CNN —Super Bowl LVIII is finally upon us and only two teams remain in the fight for the NFL’s biggest prize. Their next challenge is to defeat the Chiefs and win the franchise’s first Super Bowl title in nearly 30 years. Sunday’s matchup will be the second time in just four years that these two teams will meet in a Super Bowl. When the rivals squared off in Super Bowl LIV back in 2020, Kansas City came back from a 10-point deficit in the fourth quarter to earn its first Super Bowl title since 1970. He’s won two Super Bowl titles, two Super Bowl MVP awards, and two league MVP awards - all before his 30th birthday.

Persons: Lombardi, Taylor Swift, Patrick Mahomes ’, Patrick Mahomes, David Eulitt, Super Bowl LIV, ’, Andy Reid’s, Mahomes, He’s, Brock Purdy, Mark J, Terrill, Purdy, Tom Brady, Joe Montanta, Brady, Will Mahomes, Swift, Travis Kelce, songstress, Jamie Squire, ” Kelce, “, ”, Travis Kelce’s, Donna, she’ll, Donna Kelce Organizations: CNN, Kansas City Chiefs, San Francisco 49ers, CBS, CBS Sports, Paramount, Nickelodeon, Patrick Mahomes ’ Chiefs, NFL, Chiefs, Super Bowl, Miami Dolphins, Buffalo Bills, Baltimore Ravens, 49ers, Green Bay Packers, Detroit Lions, Kansas City, Niners, Super, NFC, ‘ Chiefs, Embassy of Locations: Vegas, Sin, Super, Kansas, San Francisco, Montana, ‘, Embassy, Embassy of Japan, United States, Tokyo, Las Vegas, Allegiant

☆ India’s Gautam Adani rebounds from Hindenburg attack with return to the $100 billion club
▼ + stars: | 2024-02-08 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

Hindenburg Research published a blistering report in January 2023, accusing Gautam Adani, then Asia’s richest man, of engaging in fraud over decades. “The group has done exceptionally well on various fronts since the Hindenburg report,” said Manish Chowdhury, head of research at brokerage StoxBox. On Thursday, his wealth once again crossed the $100 billion threshold, according to the Bloomberg Billionaires Index. An ‘attack’ on IndiaHindenburg Research, named after the 1937 airship disaster, had accused the Adani Group of “brazen stock manipulation” and it questioned the “sky-high” valuations of Adani firms. However, since the Hindenburg report, the group has worked on reducing its borrowing.

Persons: David, Gautam Adani, Hindenburg, Adani, ”, Manish Chowdhury, ” Adani, Jeff Bezos, Mukesh Ambani, John D Rockefeller, Cornelius Vanderbilt, Narendra Modi, Chowdhury, “ Organizations: New, New Delhi CNN, Hindenburg Research, Bloomberg, India Hindenburg Research, Adani, GQG Partners, “, America’s, Adani Enterprises, Indian, Bharatiya Janata Party Locations: New Delhi, India, ’, ”, Times

☆ Hungary and E.U. Lock Horns, This Time Over Foreign-Interference Law
▼ + stars: | 2024-02-07 | by ( Matina Stevis-Gridneff | Monika Pronczuk | ) www.nytimes.com time to read: +1 min

Just days after a major showdown between the European Union and Hungary over aid to Ukraine, the European Commission on Wednesday announced it was opening a new disciplinary procedure against the Hungarian government over a recently passed piece of legislation that focuses on activities by foreigners deemed subversive. The move comes on top of several other open disciplinary procedures against Hungary that the European Commission, the E.U. executive branch, has been pursuing against the government of the Hungarian prime minister, Viktor Orban. Mr. Orban has long denounced the battles with Brussels, which he says pits a “woke globalist Goliath” against Hungary’s “David.” He has maintained that the European Union is out to punish him for pursuing a Christian conservative agenda, which he says is in line with the wishes of the Hungarian people. The action by the commission centers on recently passed legislation in Hungary that seeks to punish interactions between Hungarian individuals or organizations, and foreigners or foreign groups that a newly created Office for the Defense of Sovereignty deems subversive.

Persons: Viktor Orban, Mr, Orban, globalist Goliath, Hungary’s “ David, ” Organizations: European Union, European Commission, Wednesday, European, Defense, Sovereignty Locations: Hungary, Ukraine, Hungarian, Brussels

COLUMBUS, Ohio (AP) — A former Ohio sheriff's deputy testified in a murder trial Tuesday that the man he killed lifted a gun to shoot him, despite prosecutors saying the man's gun was found on his kitchen floor with the safety mechanism engaged. Meade, who is white, has pleaded not guilty to murder and reckless homicide in the death of Goodson, who was Black. The sheriff’s deputy, who is a pastor at a Baptist church, shot Goodson as he entered his grandmother’s house, police have said. When Meade testified about the shooting, he said Goodson had brandished a a gun at him from his car, prompting a pursuit. Special prosecutor Gary Shroyer questioned Meade on whether he'd done enough to notify Goodson that he was law enforcement.

Persons: —, Jason Meade, Casey Goodson Jr, Meade, Goodson, ”, he's, Mead, David, Goliath, Gary Shroyer, Shroyer, Goodson's, “, ” ___ Samantha Hendrickson Organizations: Prosecutors, Associated Press, America Statehouse News Initiative, America Locations: COLUMBUS , Ohio, Ohio

☆ Inside TikTok's fight against the most powerful music label in the industry and what could happen next
▼ + stars: | 2024-01-31 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

Music licensing talks are heating up between TikTok and Universal Music Group as negotiations have left the conference room and entered the public sphere. "Their core mission is to generate as much money as they can from their recordings for their shareholders," David Herlihy, a copyright lawyer and music industry professor at Northeastern University, told BI. The company is in the process of launching a dedicated streaming app, TikTok Music, and has worked closely with artists on influencer listening parties, livestreams, and in-person events. But TikTok, as a global social giant, is an important product for music artists and labels. This is why the music industry is seeking to capture more value."

Persons: Taylor Swift, Ariana Grande, TikTok, It's, David Herlihy, David, Goliath, UMG, Tatiana Cirisano, Jonny Kaps, MIDiA's Cirisano Organizations: TikTok, Universal Music Group, Business, Hollywood, Warner Music Group, Sony Music Entertainment, Northeastern University, Music, MIDiA Research, YouTube, Universal, SiriusXM Locations: India, Australia

☆ Oura CEO calls Apple Watch sales ban a 'David and Goliath story,' says he'll keep an eye on Samsung's rival smart ring
▼ + stars: | 2024-01-25 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

A lawsuit filed by Masimo halted the sale of the newest Apple Watches in the US. Oura's CEO said the company, which holds many patents, will closely examine Samsung's Galaxy Ring. AdvertisementOura Health CEO Tim Hale doesn't seem worried about Samsung's plan to compete with Oura in the wearable "smart ring" market. AdvertisementSamsung's new Galaxy Ring will be a health and wellness device for tracking metrics like sleep. He conceded that some technological similarities between Oura's product and the Galaxy Ring might be unavoidable.

Persons: Tom Hale, Masimo, —, Tim Hale doesn't, Hale, Oura, David, … Organizations: Apple, Service, Oura, Samsung, International Trade Commission, Apple Watch

☆ How Haley Lost New Hampshire: Ignoring Lessons from Underdogs of the Past
▼ + stars: | 2024-01-24 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

But the Arizona Republican, facing a goliath named George W. Bush with the entire Republican establishment behind him, stuck with it. He took questions in church basements, diners and community centers until the assembled voters ran out of questions to ask. He talked to reporters on his Straight Talk Express bus and made no secret of reaching out to independents. In February 2000, Mr. McCain shocked the Texas governor with a convincing New Hampshire victory, 49 percent to 30 percent. Accessibility, honesty, vulnerability and a near-constant presence — Nikki Haley did none of that in New Hampshire against her own goliath, Donald J. Trump, a far different candidate from Mr. Bush but one who also has the aura of inevitability.

Persons: John McCain’s, George W . Bush, McCain, Nikki Haley, Donald J, Trump, Bush Organizations: American Legion Hall, Arizona Republican, Republican, New Hampshire Locations: Manchester, Arizona, Texas, New, New Hampshire

☆ How Girona became the unlikeliest challenger in La Liga
▼ + stars: | 2024-01-17 | by ( Matias Grez | Patrick Snell | ) edition.cnn.com time to read: +8 min

Founded in 1930, Girona plays its football at the modest 14,000-capacity Estadi Montilivi on the outskirts of a city that has a population of just 100,000. Girona was previously promoted to La Liga in 2017, spending only two seasons in Spain’s top flight before being relegated. David Ramos/Getty Images“I tell you what, why not?” Hunter said when asked if Girona can win the league. He’s young, he’s intelligent, he’s ambitious, he’s driven. Fran Santiago/Getty ImagesRegardless, Girona has earned the right to dream and Hunter says upsetting the odds and winning La Liga “would mean everything” to the club and its fans.

Persons: Leicester City’s, Semra Hunter, David Ramos, ” Hunter, they’ve, Atlético Madrid, “, Miguel Ángel Sánchez, Míchel, Fran Santiago, Ignasi, ”, “ It’s, Bagà, CNN Sport’s Patrick Snell, –, that’s, Hunter, Pau Barrena, He’s, he’s, let’s, Yan Couto, Yangel Herrera, Aleix García, Eric García, Artem Dovbyk, Pep Guardiola, Ancelotti, Atlético, Barça, “ It’s David, Goliath Organizations: CNN —, Spanish, Real Madrid, La Liga –, Spain isn’t, La Liga, Premier League, Real, Girona, Getty, Barcelona, Real Sociedad, Champions League, ”, Rayo Vallecano, Rayo, CNN, Atlético, City Football Group, Manchester City, Atletico, Pau, City, SC Dnipro, La Locations: Catalan, Spain, Spain isn’t Barcelona, Girona, La, Madrid, Spain’s, Atlético, Real Madrid, ” Girona, Saudi Arabia, Huesca, Atlético Madrid, Pau, AFP, Ukrainian, Real

☆ Goldman Scores a Win With Sharply Higher Earnings
▼ + stars: | 2024-01-16 | by ( Annamaria Andriotis | Charley Grant | ) www.wsj.com time to read: 1 min

When Goldman Sachs entered the credit card space in 2019, many consumer banks were concerned that a new competitor had emerged. Photos: ReutersGoldman Sachs reported sharply higher earnings for the fourth quarter, giving the Wall Street Goliath a boost after a run of lackluster results. But the strength wasn’t in Goldman’s traditional powerhouses, investment banking and trading. Instead, it was asset and wealth management, where Goldman Chief Executive David Solomon has pinned much of its hopes. The unit reported a 23% jump in revenue, while revenue from both investment banking and trading were down.

Persons: Goldman Sachs, David Solomon Organizations: Goldman

"Many people have taken sides,” says Sandrine, who didn't feel comfortable providing her last name given the sensitivity of the topic. Immediately following the Oct. 7 attacks, Macron condemned Hamas and supported Israel’s right to defend itself. “The explicit prohibition of Palestinian demonstrations is something very recent and, in my opinion, a massive political mistake,” Lazar says. The RN, which denounces mass immigration to France from largely Muslim countries, also views Israel as a beacon of democracy in the Arab world. "He needs to defend what [Hamas does] without saying he supports them directly" as part of the Palestinian cause, says Lazar.

Persons: ”, Sandrine, Emmanuel Macron, Macron, Marc Lazar, ” Lazar, Mahmoud Abbas, Israel, Marc Hecker, “ That's, Hecker, David, Goliath, Joe Biden, Jean, Marie Le Pen, Marie Le Pen’s, “, Le, Le Pen, ‘, ’ ”, Yves Camus, Luc Mélenchon, –, Lazar, Mélenchon, they’re Organizations: Hamas, Montaigne Institute, Sciences Po, West Bank, Center for Security Studies, French Institute of International Relations, French Institute of Public, Palestinian Authority, U.S, National, La France, National Assembly, National Front, Israel, FN, Marine, Rassemblement, Institute of International Relations, Strategic Studies, European Jewish Congress, ” Locations: Paris, Israel, France, Gaza, Western Europe, Egypt, Jordan, Syria

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