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☆ An ex-Wall Streeter who's been to all 50 states picked 5 he enjoys visiting but would never live in
▼ + stars: | 2024-04-20 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Alaska is a dream to visit, but the winters are too cold and there aren't a lot of people. Toby Harriman/Getty ImagesAbbamonte said Alaska is one of the top three most beautiful places he's visited in the world, neck and neck with the Himalayas in Asia and Patagonia in South America. As someone who appreciates nature and wildlife, he loves visiting the national parks in Alaska, which has more than half of all the national parks in the US. But Alaska is the eighth-least populated state, with 733,406 residents, according to the census. "But to visit, especially in the summer, it's like a dream."

Persons: Toby Harriman, Abbamonte, he's, couldn't Organizations: Getty Locations: Alaska, Asia, Patagonia, South America, Juneau, Utqiagvik, California

☆ Fed will likely only cut rates once due to resilient and robust economy: strategist Scott Clemons
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed will likely only cut rates once due to resilient and robust economy: strategist Scott ClemonsScott Clemons, Brown Brothers Harriman Private Banking chief investment strategist, joins 'Power Lunch' to discuss the markets, the U.S. economy and what's ahead for the Federal Reserve.

Persons: Scott Clemons Scott Clemons, Brown Organizations: Brown Brothers Harriman Private Banking, Federal Reserve Locations: U.S

☆ Prince Harry and Meghan Markle's photographer hits back at reports claiming he doctored their pregnancy announcement picture
▼ + stars: | 2024-03-13 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRoyal photographer Misan Harriman quashed tabloid reports that he doctored Prince Harry and Meghan Markle's 2021 pregnancy announcement photo in a series of posts on X, formerly known as Twitter, on Wednesday. The reports come amid controversy surrounding a photo of Kate Middleton released by Kensington Palace on Sunday. Advertisement"They weren't actually under a willow tree, but they were lying outside in a meadow, weren't they, Harry and Meghan, when you took the photograph of them?" AdvertisementThe proliferation of AI image generators has made it difficult to distinguish between untouched photos, doctored images, and completely AI-generated creations.

Persons: —, Misan Harriman, Prince Harry, Meghan Markle's, Kate Middleton, Harriman, Harry, Meghan, Michael Berkeley, Harriman's, Kate, Princess, Wales, Insider's Hasan Chowdhury, Beatrice Nolan Organizations: Service, Business, Daily Mail, BBC Radio, Associated Press, Reuters, Agence France, Presse Locations: Kensington, California, British, @misanharriman

☆ Why stars were wearing red pins at the Oscars 2024
▼ + stars: | 2024-03-11 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

You may have spotted stars including Billie Eilish and Mark Ruffalo wearing red pins at the 2024 Oscars. Mark Ruffalo and Rami Youssef also spoke out against the ongoing conflict on the Oscars' red carpet. AdvertisementStars including Billie Eilish and Mark Ruffalo wore red pins to the 2024 Oscars to show their support for a cease-fire in Gaza. "Anatomy of a Fall" stars Milo Machado-Graner and Swann Arlaud also wore pins to the Oscars, but theirs featured the Palestinian flag. "Poor Things" Mark Ruffalo and Ramy Youssef with their red pins at the 2024 Oscars.

Persons: Billie Eilish, Mark Ruffalo, Rami Youssef, —, Israel, Artist4Ceasefire, Bradley Cooper, Florence Pugh, Kirsten Dunst, Mahershala Ali, Ava DuVernay, Eugene Lee Yang, Caroline Polachek, Ramy Youssef, Eilish, Finneas, Misan Harriman, Kaouther Ben Hania, Milo Machado, Graner, Swann Arlaud, Jonathan Glazer, Ruffalo, Rodin Eckenroth, Youssef, “, qxqSOgif3j Organizations: Service, Guild, America, Los Angeles Times, Dolby Theatre, Variety Locations: Gaza, Israel, Palestine, Southern Israel, Dua Lipa, Los Angeles, Highland

☆ Opinion | The Babe Paley in ‘Feud’ Is Not the Woman I Knew
▼ + stars: | 2024-03-06 | by ( Belle Burden | ) www.nytimes.com time to read: +2 min

The first time I saw Naomi Watts playing my grandmother Babe Paley in “Feud: Capote vs. the Swans,” she was in tears. She had just discovered her husband’s affair with Happy Rockefeller, the governor’s wife, finding him on the bedroom floor, scrubbing a stain of menstrual blood from their plush carpet. Babe summons Truman Capote to her Fifth Avenue apartment, her face set in distress, her mascara running. In his book, Mr. Leamer surmises that the governor’s wife in Capote’s story is Marie Harriman, not Ms. Rockefeller. There are no live recordings of Babe, no way for an actress to know how she moved and spoke.

Persons: Naomi Watts, Babe Paley, ”, Happy Rockefeller, Truman Capote, mascara, Matisse, Laurence Leamer’s, Leamer, Marie Harriman, Rockefeller, Babe, “ Baba, Brooke Organizations: Swans, Basque Locations: “, Manhasset, Long

☆ More attention should be focused on valuations in tech, says Brown Brothers Harriman's Scott Clemons
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore attention should be focused on valuations in tech, says Brown Brothers Harriman's Scott ClemonsScott Clemons, Brown Brothers Harriman chief investment strategist, joins 'Power Lunch' to discuss what investors need to be on the lookout for, what the macroeconomic background says about the potential for market growth, and what's required for more market breadth.

Persons: Brown, Scott Clemons Scott Clemons Organizations: Brown Brothers Harriman

☆ British Vogue features 40 ‘legendary’ cover stars for editor Edward Enninful’s final issue
▼ + stars: | 2024-02-09 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

CNN —For British Vogue’s final issue under Edward Enninful, the outgoing editor-in-chief put not one superstar on the cover, but 40 of them. Forty previous cover stars return for Enninful’s final issue. Steven Meisel“When it came to my last issue, I knew the cover would be dedicated to women. Ned RogersNaomi Campbell, who has now appeared on four British Vogue covers during Enninful's tenure. His other cover stars included 82-year-old Miriam Margolyes, who posed nude for last year’s Pride Month issue, and a then-85-year-old Dame Judi Dench.

Persons: Edward Enninful, Naomi Campbell, Cindy Crawford, Miley Cyrus, Linda Evangelista, Jane Fonda, Kate Moss, Serena Williams, Steven Meisel, Ned Rogers, Enninful, Steven Meisel “, ” Enninful, ”, shockwaves, Misan Harriman, Kennedi Carter, Ned Rogers Naomi Campbell, Ned Rogers Enninful, Fonda, Miriam Margolyes, Dame Judi Dench, Christy Turlington, CNN’s Christiane Amanpour, Anna Wintour’s, Condé Nast, Chioma Nnadi Organizations: CNN, Hollywood, Vogue, British Vogue Locations: Ghanaian, Dua Lipa, Manhattan, London, Paris, Milan, Los Angeles, British

☆ The real story of Babe and Bill Paley's troubled marriage — and the affair Truman Capote exposed — depicted on 'Feud' season 2
▼ + stars: | 2024-02-03 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

"Feud" season two shines a light on the late New York socialite Babe Paley and her husband Bill. AdvertisementOne of the first scenes of "Feud: Capote vs. Capote exposed Bill Paley's infidelity in a short story published in 1975Babe Paley (Naomi Watts) and Truman Capote (Tom Hollander) in episode 1 of "Feud: Capote vs. Babe Paley (Naomi Watts) in episode 1 of "Feud: Capote vs. "Feud: Capote vs.

Persons: Babe Paley, Bill, Babe, Truman Capote, Happy Rockefeller, —, Tom Hollander, hurrying, Naomi Watts, Capote, Chitty Chitty Bang, Bill Paley, Treat Williams, Paley, Media —, Paley's, Laurence Leamer, Murphy, Jon Robin Baitz, Ina Coolbirth, Slim Keith, Sidney Dillon, Cleo Dillon, Sidney, he's, hadn't, Marie Harriman, W, Averell Harriman, Rockefeller, Rebecca Creskoff, Nelson Rockefeller, Melanie Benjamin Organizations: New York, Service, Paley Center, Media, Basque, New York Times, New, Swans Locations: New, Manhattan, New York, La, Capote's

☆ The Crown, the Cabinet and the UK’s legacy of slavery
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +11 min

British banks backed large parts of the U.S. slavery economy, and British factories were the world’s largest customers for the cotton produced by plantations in southern U.S. states. In 1663, it was granted a monopoly by King Charles II for the British slavery trade. In 1794, Eli Whitney patented the cotton gin, a machine that would transform the U.S. slavery economy. Mill owners including the Arkwrights, one of the richest families in the industry, were Smith family clients. Two British travel writers visited Farm Pen in 1837, when the land was still in Smith family hands.

Persons: ”, Nick Draper, George Smith, King Charles, Hunt, Trevor Burnard, “, ” Burnard, Smith, Edward, René Payne, Payne, John Tunno, John de Ponthieu, … ” Edward Payne, slaveholder John de Ponthieu, de Ponthieu, buryed, King Charles II, John Montagu, Edward Montagu, Montagu, ” John Montagu 11th Earl of Sandwich, Edward Montagu , 1st Earl of Sandwich, Nicholas Radburn, ” Radburn, Brookes, –, Eli Whitney, Rothschild, Geoffrey Clifton, Brown, William, James Brown, James, Clifton, Harriman, Draper, Morgan Chase, Joseph Sturge, Thomas Harvey Organizations: America, University College London, “, Wilberforce Institute, University of Hull, ”, Reuters, Company of Royal Adventurers of, Royal African Company, The Company, Royal Adventurers of, Lancaster University, Traders, Transatlantic, Brown Brothers, Brown, Harriman & Co, Planters Bank of Tennessee, Planters Bank of Mississippi, Rio, Spanish Town Locations: Britain, U.S, British, Caribbean, British Caribbean, America, English, Nottingham, London, West India, Bristol, Liverpool, United States, South Carolina, Charleston, Barbados, Africa, North, Clifton, New York, Louisiana and Mississippi, Louisiana, Jamaica, Kingston, Spanish

☆ Fidelity rolls out suite of new ETFs, slashes fees
▼ + stars: | 2023-11-13 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

Nov 13 (Reuters) - Fidelity launched a group of six new exchange-traded funds (ETFs) Monday and announced sharp reductions on management fees on nearly a third of its total ETF lineup, kicking off what analysts expect to be another strong week for ETF debuts. So far this year, asset managers have launched 419 ETFs, according to Morningstar Direct, taking 2023 a step closer toward breaking the 2021 record of 475 new ETFs. The move will boost Ark's lineup from eight ETFs to a total of 15. The Fidelity products offer fees of 18 basis points to 28 basis points, compared with an average fee of around 63 basis points for actively managed ETFs, according to Bryan Armour, mutual fund analyst at Morningstar. "These are very, very substantial reductions, and the new fees are very low," said Armour.

Persons: John Hooson, Harriman, Bryan Armour, Suzanne McGee, Ira Iosebashvili, Deepa Babington Organizations: Fidelity, Morningstar, Invest, 21Shares, Brown, Thomson

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. Meanwhile, a partial government shutdown is looming, which could affect the release of economic data and potentially dent economic growth. The greenback is up 3.54% against the yen this quarter, following an 8.66% gain last quarter. Core inflation in Japan's capital slowed in September for the third straight month mainly on falling fuel costs, data showed on Friday. The British currency is on track for a quarterly loss of 3.85% against the U.S. dollar, the worst performance in a year.

Persons: Florence Lo, ”, Peter Cardillo, Brown Brothers Harriman, “ We’re, Janet Yellen, Sterling, Karen Brettell, Amanda Cooper, Stephen Culp, David Holmes, Nick Zieminski Organizations: U.S, REUTERS, Spartan Capital Securities, Federal Reserve, Brown Brothers, Republicans, U.S . House, Treasury, U.S ., Thomson Locations: New York, U.S, London

☆ Young people say this is the No. 1 factor in building wealth—but there's more to it
▼ + stars: | 2023-08-25 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

While earning a high salary can play an important role in growing your wealth, it won't make you wealthy on its own. The most important factor in building wealth: your salary, according to 67% of both millennials and Gen Zers, a recent survey from financial services company Empower found. The younger generations chose salary above other wealth-building factors such as being debt-free, job stability and living below your means. There are a number of ways you can build wealth , from founding a successful start-up to receiving a hefty inheritance. But investing in low-cost index funds is a time-tested, self-made millionaire-approved method to build wealth on virtually any income.

Persons: Gen Zers, Scot Johnson, Johnson, Warren Buffett Organizations: Carpenter Inc, CNBC Locations: Adell, Harriman

☆ Deals to be done as Thai opposition parties look to form government
▼ + stars: | 2023-05-15 | by ( Chayut Setboonsarng | ) www.reuters.com time to read: +4 min

Sunday's election showcased an extraordinary surge by the progressive Move Forward party that almost had a clean sweep of the capital Bangkok, followed closely by the populist Pheu Thai party, which had been the dominant force in every Thai election this century. Between them the two opposition parties decimated parties with ties to the royalist army but it is far from certain the opposition will form the next government, with parliamentary rules drafted by the military after a 2014 coup skewed in favour of its allies. To govern, agreements may need to be struck with multiple camps, including rival parties and members of a junta-appointed Senate with a record of favouring conservative parties led by generals. [1/2] Move Forward Party leader and prime ministerial candidate, Pita Limjaroenrat, looks up at the crowd during the general election in Bangkok, Thailand, May 14, 2023. Pita said on Sunday he was ready to partner with Pheu Thai but Paetongtarn Shinawatra, one of her party's prime ministerial candidates, said it was too soon to discuss.

☆ Regional bank stocks edge higher after two-day slump
▼ + stars: | 2023-05-03 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

PacWest Bancorp (PACW.O) shares rose 6.5% in early afternoon trading after tumbling 28% to close at their lowest level on record on Tuesday. Western Alliance Bank (WAL.N) advanced 4.2%, while Comerica (CMA.N) and Valley National Bankcorp (VLY.O) added nearly 1% and more than 2%, respectively. The KBW Regional Banking Index (.KRX) rose 2% after closing at its lowest level since December 2020 on Tuesday. The plunge in regional bank stocks came after U.S. regulators seized First Republic Bank and sold off its assets to JPMorgan Chase & Co (JPM.N) for $10.6 billion. The bank selloff indicates investor unease over their outlook following the First Republic deal, Brown Brothers Harriman analysts wrote in a note.

☆ US regional lenders notch modest gains after two-day slump
▼ + stars: | 2023-05-03 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

PacWest Bancorp (PACW.O) shares gained 2.1% in early trading after tumbling 28% to close at their lowest level on record on Tuesday. The KBW Regional Banking Index (.KRX) rose 1% after closing at its lowest level since December 2020. Evercore ISI analysts lowered their 2023 earnings outlook for regional lenders. The brokerage now estimates a nearly 1%decline from a year earlier, compared to an already lowered expectations of a 4% growth, blaming it on intensifying funding cost pressures amid declining regional bank deposits. Meanwhile, short sellers have pocketed $1.2 billion in paper profits betting against regional lenders in the first two days of May, with Truist Financial Corp (TFC.N) and PacWest generating the highest gains, analytics firm Ortex said.

CNN —Harry Belafonte, the dashing singer, actor and activist who became an indispensable supporter of the civil rights movement, has died, his publicist Ken Sunshine told CNN. Bettmann Archive/Getty Images Belafonte, left, plays a school principal in a scene from the film "See How They Run" in 1952. Bettmann Archive/Getty Images Belafonte poses with the Emmy Award he won in 1960 for the musical special "Tonight With Belafonte." Fred Sabine/NBCU/Getty Images Belafonte and other recipients of Albert Einstein Commemorative Awards display their medallions after being honored in 1972. He is survived by his wife Pamela, his children Adrienne Belafonte Biesemeyer, Shari Belafonte, Gina Belafonte, David Belafonte, two stepchildren Sarah Frank and Lindsey Frank and eight grandchildren.

☆ Capital Group expands ETF lineup, including two new international funds
▼ + stars: | 2023-04-11 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Multi-trillion dollar asset manager Capital Group is expanding its ETF lineup after some of its first funds gained traction last year. The Los Angeles-based firm on Tuesday filed for three new active ETFs — International Equity ETF (CGIE), World Dividend Growers ETF (CGDG) and Core Balanced ETF (CGBL) — under the Capital Group banner. The new funds come a little more than a year after Capital Group — founded in the Depression and known for its American Funds — first dipped its toe into the ETF world. Our new ETF — CGIE — is more of a developed-market focused ETF," Davis said. Meanwhile, the new global dividend fund is in part a response to the success of the U.S.-focused Capital Group Dividend Value ETF (CGDV) , Davis said.

☆ The world's largest AI fund has surged 23% this year, beating even the red-hot Nasdaq index
▼ + stars: | 2023-04-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The Global X Robotics & Artificial Intelligence ETF, the largest AI fund in the world, is up 23% so far in 2023. This has included $135 million of inflows so far in 2023, including $80 million in March, according to data compiled by Bloomberg. That's led the world's largest AI fund, the Global X Robotics & Artificial Intelligence ETF (BOTZ), to a stronger start in 2023 than even the red-hot Nasdaq 100. Further, lesser-weighted fund members like C3.ai and South Korea-based Rainbow Robotics have seen their stocks soar more than 200% this year. Among 325 professional investors, 56% plan to add AI- and robotics-themed exposure to their portfolios this year, the survey found.

London CNN —The two biggest economies in South America are starting talks to create a common currency. At a press conference in Buenos Aires, he said establishing a common currency for trade would reduce reliance on the US dollar, whose sharp ascent last year was painful for countries around the world. Talk of creating a common currency has periodically cropped up since its founding in 1991. Still, investors are doubtful efforts to create a common currency in the region will gain much traction. “Brazil and Argentina are a long way away from the convergence in economic policy and performance required to launch [a] monetary union,” he said.

☆ Dollar, euro rangebound ahead of U.S. inflation report
▼ + stars: | 2023-01-11 | by ( ) www.cnbc.com time to read: +2 min

The dollar was little changed on Wednesday versus the euro and other major currencies as traders held off from making big moves ahead of U.S. inflation data on Thursday, which may offer a clearer picture of where interest rates are headed. The euro was up 0.3% at $1.07675 against the dollar. "Unless the global growth backdrop continues to improve more materially, we expect dollar downside to remain constrained," Rosenberg said. The dollar index, which measures the greenback against a basket of currencies, including the euro, dipped 0.068% to 103.18. The Australian dollar edged up 0.04% to $0.6896 after data showed the annual pace of inflation increased to 7.3% in November, leaving room for more rate hikes.

The euro edged up 0.01% against the greenback to $1.0733 at 10:30 a.m. EST (1530 GMT), just below its seven-month high of $1.07605 hit Monday. Investors now expect rates to peak just under 5% by June, before starting to come down later in the year. The pause in the dollar's decline comes as traders ready themselves for U.S. Consumer Price Index (CPI) inflation data on Thursday. The China-sensitive Australian dollar spiked at a more than four-month peak of $0.6950 in the previous session. The offshore yuan last traded at 6.7878 per dollar, after hitting its strongest in five months of 6.7590 earlier in the session.

☆ Bank of America sees a super volatile year ahead but has 2 stock-buy strategies so you can sleep at night
▼ + stars: | 2022-12-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

"We expect another volatile year and recommend owning High Quality stocks … But today's High Quality stocks look different than a few years ago (e.g. The oil refiner posted third-quarter earnings and revenue that beat Wall Street's expectations in October. The health insurer beat analysts' expectations with its third-quarter earnings report in November. Walmart's strength in its third-quarter earnings came from its food business, which is bigger than Target's. Walmart's per-share earnings beat expectations , while Target reported a third-quarter earnings miss and profit that fell by about 50%.

☆ Sam Bankman-Fried took plenty of blame for FTX's downfall, but denied fraudulent behavior
▼ + stars: | 2022-12-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

And while I've got you here, it's time to start thinking about gifts with the holidays season in full swing. Do you know what's an informative, funny gift that has a long shelf life and, most important of all, is free? FTX Cryptocurrency exchange CEO Sam Bankman-Fried at a hearing on Capitol Hill on May 12, 2022. But the main attraction at The New York Times DealBook Summit on Wednesday was Sam Bankman-Fried. And frankly conflict of interest risk," SBF said.

☆ Stocks making the biggest moves premarket: Hormel, Petco, CrowdStrike and more
▼ + stars: | 2022-11-30 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Earnings beat estimates, but sales came up short of Wall Street forecasts. Petco (WOOF) – Petco's adjusted quarterly earnings of 16 cents per share matched Street forecasts, but revenue was slightly above estimates. CrowdStrike (CRWD) – CrowdStrike plunged 17.6% in the premarket after the cybersecurity company's subscription numbers came in below analyst forecasts. NetApp (NTAP) – NetApp tumbled 10.9% in the premarket on a weaker than expected forecast from the cloud computing company, which reported better than expected quarterly earnings. Hewlett Packard Enterprise (HPE) – Hewlett Packard Enterprise added 1.9% in the premarket after the enterprise computing company reported record quarterly sales and issued strong revenue guidance.

☆ Stocks making the biggest moves midday: CrowdStrike, Horizon Therapeutics, Petco and more
▼ + stars: | 2022-11-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Otherwise, CrowdStrike beat estimates on the top and bottom lines in its most recent quarterly results. Petco — Shares of Petco jumped 12% after reporting third-quarter revenue that was slightly above Wall Street estimates. Workday — Shares of Workday jumped 12% after the company posted earnings results Tuesday that beat Wall Street expectations. Though earnings beat Wall Street estimates, revenue came up short. Biogen — Shares rose more than 3% after a new study on Biogen and Eisai's experimental Alzheimer's drug showed promising results.

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