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☆ How $65 billion Marshall Wace is turning into the hedge funds it's criticized
▼ + stars: | 2024-05-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

There's a split internally at $65 billion Marshall Wace. The 27-year-old London-based hedge fund, founded by Paul Marshall and Ian Wace, has prided itself on its collaborative culture. Multi-strategy mightThe culture shift at Marshall Wace is just the latest ripple effect to come from the vast expansion of power, assets, and clout of the largest multi-strategy hedge funds. For Marshall Wace, that looks like a charge that can be up to 0.75% of the $22.4 billion Eureka fund's value — more than $150 million — on top of the set management fees and variable performance fees the firm already charges. A person close to the firm said that certain people still have access to aggregated positions, but the restriction helps Marshall Wace manage "complexity and confidentiality" as the manager continues to grow.

Persons: Marshall Wace, Paul Marshall, Ian Wace, Marshall, George Soros, It's, Marshall Wace's, You've, Dan Schatz, Ruchit, Jaime Brandwood, Derek Rosenthal, Marshall's Organizations: Business, BNP, Eureka, Citadel, Ruchit Puri Locations: London, Citadel, New York, Singapore, Shanghai, Hong Kong, Eureka

A major U.S. bank and a legacy tech name were the focus of some of Tuesday's biggest analyst calls. The firm upgraded the apparel stock to overweight from neutral, and raised its price target to $31 per share from $26. The firm resumed coverage of the legacy tech company with an overweight rating and a $58 per share price target. He reiterated his $64 price target on the stock, implying upside of 10.7%. Additionally, he sees "greater risk to the achievement of our price target as the Fed rate cutting cycle begin."

Persons: Morgan Stanley, Matthew Boss, — Brian Evans, Goldman Sachs, Molson Coors Goldman Sachs, Molson, Molson Coors, Bonnie Herzog, Bud Light, Brian Evans, Goldman, Mark Delaney, Cisco, Morgan Stanley's, David Rochester, Fred Imbert Organizations: CNBC, Cisco Systems, JPMorgan, Eagle Outfitters JPMorgan, American Eagle Outfitters, Eagle Outfitters, Molson Coors, Molson, TAP, Tesla, Cisco, Wells Locations: U.S, Wells, Americas, EVs, Wells Fargo, 2H24, Rochester

☆ TJX tops earnings estimates as holiday sales jump 13%
▼ + stars: | 2024-02-28 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer. Excluding an additional week in the quarter, TJX reported earnings per share of $1.12. Sales rose to $16.41 billion, up about 13% from $14.52 billion a year earlier. Over the last year, it raised its sales and profit guidance numerous times. For the full year, it expects earnings per share of $3.94 to $4.02, compared to estimates of $3.88 to $4.40.

Persons: TJX Cos, TJX, Jane Hali Organizations: Maxx, LSEG, Associates Locations: Pinole , California, TJX's, New York , Florida , Texas, California

☆ Republicans are panicking about IVF treatment being restricted in Alabama
▼ + stars: | 2024-02-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

The former president's statement came as Republicans try to distance themselves from an Alabama ruling. The Alabama Supreme Court controversially found that frozen embryos are children. AdvertisementFormer President Donald Trump on Friday broke his silence on a controversial Alabama Supreme Court ruling that has threatened the future of access to in vitro fertilization. Trump's comments come after the White House and Democrats have torn into Republicans over the Alabama ruling. Alabama Attorney General Steve Marshall's office said that he "has no intention of using the recent Alabama Supreme Court decision as a basis for prosecuting IVF families or providers."

Persons: Trump, —, Donald Trump, Roe, Wade, Joe Biden's, Kellyanne Conway, NRSC, Jason Thielman, kZR5LqRt5p — Lauren Fox, Zev Williams, Kevin Stitt, Stitt, Politico, Jay Mitchell, Mitchell, Steve Marshall's, Kay Ivey Organizations: Alabama Supreme, Service, White House, Democrats, The New York Times, Senate Republican, Republican, Trump White House, National Republican, CNN, Pew Research Center, Columbia University Fertility Center, Oklahoma Gov, GOP, US, Alabama Republicans, Alabama Locations: Alabama, America, Oklahoma

☆ Ye called out Taylor Swift's fans after they bought Beyonce's new single to keep him from the Billboard Hot 100 top spot
▼ + stars: | 2024-02-15 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Swift's fans reacted by buying Beyoncé's new single, "TEXAS HOLD 'EM." AdvertisementYe, formally known as Kanye West, is feuding with Taylor Swift's fans after he shared a post claiming he was Spotify's global top artist. "WHEN I SAID THAT I'M THE NEW JESUS BITCH I WASN'T EVEN THINKING ABOUT TAYLOR SWIFT. "ALSO, I'M SURE I'VE BEEN FAR MORE HELPFUL TO TAYLOR SWIFT'S CAREER THAN HARMFUL. TO ALL TAYLOR SWIFT FANS I AM NOT YOUR ENEMY UUUM IM NOT YOUR FRIEND EITHER THOUGH LOL," Ye added.

Persons: Ye, Taylor Swift, —, Taylor Swift's, Swift, Taylor, Swifties, TAYLOR SWIFT, Kim Kardashian, Scooter Braun, WE, TAYLOR, SWIFT, Tree Paine, Kardashian, Brandon Marshall's, Bianca Censori, Marshall, Brandon Marshall, Kanye Organizations: Service, Spotify, NFL, Kanye West Locations: TEXAS, Ye's, ife, IFE

The execution will be the first attempt to use a new execution method since the 1982 introduction of lethal injection, now the most common execution method in the United States. After he is given a chance to make a final statement, the warden, from another room, will activate the nitrogen gas. Three states — Alabama, Mississippi and Oklahoma — have authorized nitrogen hypoxia as an execution method, but no state has attempted to use the untested method until now. They stabbed her — multiple times.”The state has predicted the nitrogen gas will cause unconsciousness within seconds and death within minutes. Much of what is known about death by nitrogen gas comes from industrial accidents or suicide attempts.

Persons: Kenneth Eugene Smith, Smith, “, ”, Jeff Hood, Elizabeth Sennett, Sennett, gurney, Steve Marshall, Liz Sennett, Smith’s, ” Marshall, Charles Sennett Jr, Smith “, Mama, Robin M, Maher, Philip Nitschke, Nitschke, ” Nitschke, Robert Grass, Charles Sennett, John Forrest Parker Organizations: United States, Supreme, U.S, Prosecutors, WAAY, Circuit, Alabama, Associated Press, Veterinary Medical Association, United Nations Human Rights Locations: MONTGOMERY, Ala, Alabama, United, United States, Mississippi, Oklahoma, Colbert County

☆ I visited T.J. Maxx's outdoorsy sibling Sierra, the most interesting brand in the TJX family
▼ + stars: | 2024-01-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Sierra is TJX's outdoor lifestyle brand, selling apparel, gear, home goods, and pet products. Business Insider visited a store for a closer look at T.J. Maxx's younger, sportier sibling. The Sierra store in Madison, Wisconsin, is just two doors down from a T.J. Maxx location. Dominick Reuter/Business InsiderSierra's tiny stature means it barely receives individual mention in TJX earnings calls beyond annual announcements of planned store openings, per AlphaSense. AdvertisementTJX's fingerprints are all over Sierra's stores, and the combination of its tried-and-tested playbook with this retail category make the small-but-mighty brand an exciting one to follow.

Persons: —, Dominick Reuter, I'm, TJX, Placer.ai, Ernie Herrman, Stanley, Dick's, REI, Sierra Organizations: Business, Service, Sporting, Sierra, Trading, Marshalls, Public Lands Locations: Wisconsin, Sierra, Madison , Wisconsin, Reno , Nevada, Wyoming, Denver, Burlington , Vermont, Framingham , Massachusetts, Maxx, REI

A store employee habitually ripped lottery tickets after checking them with the lottery terminal. Lottery commissioners deliberated over the case of Paul Marshall, who came forward to collect his prize even though a store employee had torn his winning ticket to shreds. The tearing incident occurred when Marshall returned to the store he bought the winning ticket from to validate it. Fortunately for Marshall, lottery officials were able to "reconstruct what happened," Chuck Taylor, the lottery director of legal affairs and compliance, said, according to the Lottery Post's reporting on the meeting. AdvertisementAfter Harris posted her winning ticket on Facebook, one of her followers claimed the prize for themselves, leaving Harris out of pocket.

Persons: Paul Marshall, Marshall, Chuck Taylor, Drena Harris, Harris Organizations: Hoosier Lottery Commission, Post, Retailers, Facebook Locations: Indianapolis, Indiana

☆ TJX Companies raises guidance again, says it expects a strong holiday as shoppers hunt for deals
▼ + stars: | 2023-11-15 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

TJX Companies on Wednesday raised its full-year guidance and said it expects a strong holiday season after inflation-weary consumers drove another quarter of sales gains. Sales rose to $13.27 billion, up about 9% from $12.17 billion a year earlier. For the third time this year, TJX Companies raised its full-year guidance. TJX now anticipates earnings per share will be in the range of $3.71 to $3.74, compared to a previous range of $3.66 to $3.72. The raised profit guidance is in line with the $3.73 earnings per share that analysts had expected, according to LSEG.

Persons: TJX Organizations: TJX Companies, LSEG

☆ How Danica Roem overcame a massive anti-trans campaign to win her fourth election
▼ + stars: | 2023-11-12 | by ( Sebastian Cahill | Associated Press | ) www.businessinsider.com time to read: +11 min

Danica Roem is now the first-ever transgender state senator in Virginia. AdvertisementAdvertisementRoem, 39, already had two comfortable reelection victories in her northern Virginia House of Delegates district. After coming into the election with a Democratic State Senate and a Republican House of Delegates, Virginia has a Democratic majority in both chambers. In her own election, Roem "faced an unprecedented deluge of anti-trans hate on the campaign trail, but she was not fazed nor distracted," Parker said. AdvertisementAdvertisementHer Inner MayorAs a trailblazer for trans politicians, Roem is celebrated in Democratic and cultural circles.

Persons: Danica Roem, Roem, —, toting kabobs, Glenn Youngkin, Youngkin's, Youngkin, Annise Parker, Parker, Bob Marshall, Virginia's, she's, Marshall, Bill Woolf III, I'm, Prince William County Organizations: Republican, Service, Shadow, Democratic, Delegates, Republican Gov, Associated Press, ABC, Houston, Democratic State Senate, of, Ohio, Democrat, Capitol, Mayor, Dodge, Airport Locations: Virginia, state's, Arlington , Virginia, Pennsylvania, Delaware, Richmond, United States, Centreville, Manassas, Virginia's, Prince William

Roem, 39, already had two comfortable reelection victories in her northern Virginia House of Delegates district. Only two folks who saw the mailers phoned her and she’s having lunch with one of them to talk things through. ___HER INNER MAYORAs a trailblazer for trans politicians, Roem is celebrated in Democratic and cultural circles. Her slogan for the 2023 campaign was “Fixing roads, feeding kids.” Much of Roem’s social media feed reads like a transportation diary — or the work of a mayor. In her first two campaigns, Roem had her own past investigated, to avoid being blindsided.

Persons: Danica Roem, toting kabobs, Roem, Glenn Youngkin, ” Roem, “, ”, Annise Parker, —, Roem “, Parker, ‘ electable, Bob Marshall, Virginia’s, she's, ” Marshall, Marshall, Bill Woolf III, — “ Organizations: WASHINGTON, Dodge Shadow, Democratic, Delegates, Republican Gov, Associated Press, Houston, “, Capitol, Dodge, Airport, + + Locations: Arlington , Virginia, Virginia, Delaware, Richmond, United States, Centreville, Manassas

The Justice Department filed a statement of interest in consolidated lawsuits against Alabama Attorney General Steve Marshall seeking to block him from using conspiracy statutes to prosecute people who help Alabama women travel to obtain an abortion. Alabama bans abortion at any stage of pregnancy with no exceptions for rape and incest. The Justice Department argued in the filing that the U.S. Constitution protects the right to travel. The two Alabama lawsuits seek a ruling clarifying that people and groups can provide assistance to women leaving the state for an abortion. In a July statement issued when the lawsuits were filed, his office said it would enforce the state's abortion ban.

Persons: Steve Marshall, Marshall, Dobbs, General Merrick B, Garland, ” Organizations: U.S . Department of Justice, Justice Department, Alabama, U.S, Supreme, Constitution, Yellowhammer Locations: MONTGOMERY, Ala, Alabama, U.S, Texas

☆ Speaker Mike Johnson is screwing up Republicans' hopes of separating Israel and Ukraine aid — but they don't seem to mind
▼ + stars: | 2023-10-31 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Republicans have been trying to make sure that Israel and Ukraine aid are voted on separately. But Johnson's Israel bill is toxic for Democrats and increases the chance that the GOP gets jammed. AdvertisementAdvertisementMany Republicans really, really don't want to have to vote on a bill that includes both Israel and Ukraine aid. It would've been passed the House by an overwhelming bipartisan vote and applied significant pressure to senators who want to keep Israel aid linked with Ukraine aid. Nonetheless, Johnson's bill makes it only more likely that anti-Ukraine aid Republicans get rolled.

Persons: Johnson's, —, Biden, Republican Sen, Roger Marshall of, Marshall, would've, Mike Johnson, Chuck Schumer, Mitch McConnell, McConnell, Johnson, Sen, Ted Cruz, Cruz, Josh Hawley, Missouri, Israel, JD Vance, Ohio, Vance, aren't, We've, Ron Johnson, it's Organizations: GOP, Service, Republicans, Republican, Israel, Democratic, Internal, Kentucky Republican, IRS, Democrats, Biden, today's GOP Locations: Israel, Ukraine, Johnson's Israel, Taiwan, Roger Marshall of Kansas, Ted Cruz of Texas, Wisconsin, today's

☆ The divide between retail's winners and losers will be stark this back-to-school season
▼ + stars: | 2023-09-01 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Back-to-school spending is expected to reach a record-high of $41.5 billion, according to the National Retail Federation's annual survey . The trends suggest certain retailers will fare better than others, with analysts favoring these stocks for back-to-school. According to a Stifel survey, retro basketball styles from Nike were the most popular choice for back-to-school this year. "These retailers have invested significantly in their private label assortments in recent years and continue to grow penetration," Jefferies analysts wrote in an Aug. 28 note. That could be a warning sign for the holidays as many investors look to back-to-school sales to set the tone for the winter season.

Persons: Morgan Stanley, Jefferies, Doug McMillon, Amazon's, Homegoods, Abercrombie —, Abercrombie, Locker, Stifel Organizations: National, Jefferies, Walmart, Target, Costco, Dollar, Ikea, P, Abercrombie, Fitch, American Eagle Outfitters, Barn Holdings, Nordstrom, Nike, FactSet Locations: U.S, Hollister, Thursday's, Banana

☆ Stocks like Meta are ‘best positioned’ for a market correction
▼ + stars: | 2023-08-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"In addition to gaining lending market share, management [is] laser focused on boosting credit card offerings, turning around the wealth management business and growing investment banking revenues," he said. "We think Meta is best positioned vs peers to capitalize on new spend in the industry given ramping Reels and Messaging monetization, easy comps, and increasing Advantage+ adoption," he said. Blackrock "Best positioned for rebalancings. ... We think Meta is best positioned vs peers to capitalize on new spend in the industry given ramping Reels and Messaging monetization, easy comps, and increasing Advantage+ adoption." We view TJX as a market share gainer that is well positioned to benefit from trade-down and reiterate our Buy rating.

Persons: Ebrahim Poonawala, Wells, Poonawala, BofA, Lorraine Hutchinson, TJ Maxx, Hutchinson, TJX, Justin Post, BLK Organizations: Bank of America, CNBC, Meta, TJX Companies, Investor, Facebook Locations: Bank, Blackrock, Wells Fargo, Basel

☆ Morgan Stanley says this materials stock can rally nearly 20% as earnings outlook improves
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Corning could be due for a bounce as the potential for earnings upside enters the realm of possibility, according to Morgan Stanley. Analyst Meta Marshall upgraded the glass materials maker to overweight from equal weight and raised her price target by $3 to $38. But after three straight negative revisions, Marshall said consensus estimates for Corning's earnings are now considered within the realm of being achieved. And Corning's valuation also creates an attractive entry point, as Marshall said she expects the rally to the price target once estimates get revised up in the fourth quarter. For the rest of 2023, Meta said the most optionality comes from improvements in the fiber business's order trends.

Persons: Corning, Morgan Stanley, Meta Marshall, Marshall, Meta, it's, — CNBC's Michael Bloom Locations: Japan

☆ Up to 1.7 billion T. rex dinosaurs lived on Earth, a new study found. But scientists aren't sure where all the bones went.
▼ + stars: | 2023-05-27 | by ( Erin Heger | ) www.businessinsider.com time to read: +5 min

New calculations suggest that 1.7 billion T. rexes lived on Earth from 65.5-68 million years ago. This dichotomy between how many T. rexes lived and how few fossils we have of them shows us just how rare fossilization is and how much more we have to learn about these majestic creatures. Warpaintcobra/Getty ImagesMarshall was the lead author of an earlier study that estimated 2.5 billion T. rexes once roamed Earth. Of the roughly 1.7 billion, or so, T. rexes who roamed our planet, scientists have only uncovered a few hundred fossils, equating to fewer than 100 total dinosaurs. Despite their prime conditions for fossilization, if Giebeler's calculations are correct, scientists have only found about 0.0000002% of the T. rex that lived on Earth.

☆ Man who threw gravel at Canada PM Trudeau sentenced to house arrest
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, May 8 (Reuters) - A man who threw gravel at Canadian Prime Minister Justin Trudeau during the 2021 election campaign was sentenced to 90 days of house arrest and one year of probation by a court in Ontario on Monday, according to his lawyer. Trudeau was hit by a handful of gravel in 2021 while on the campaign trail as he made his way past a crowd shouting their opposition to COVID-19-related mandates and restrictions. The prime minister was not injured and his Liberal Party went on to win the election. Shane Marshall later pleaded guilty in March to a charge of common assault related to that incident. Marshall's lawyers had requested that he be sentenced to 60 days of community sentence, while prosecutors had asked for a 30-day jail term.

☆ Mark Cuban knew the Dallas Mavericks' CEO had no prior experience in basketball—here's the advice he gave her for Day 1
▼ + stars: | 2023-05-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Mark Cuban always tries to push himself out of his comfort zone, so it's no surprise that he does the same for others. Cynt Marshall, CEO of the Dallas Mavericks, experienced it firsthand when Cuban cold-called her with a job offer in 2018, she recently told LinkedIn's The Path newsletter. Second, she said: "I was well aware of the fact that I did not know the business of basketball." In response, Cuban gave Marshall some simple yet effective advice, she recounted: "He said, 'You don't worry about that. Prior to her appointment, the Mavericks had no women or people of color in leadership, LinkedIn noted.

Shortly after the opening bell Wednesday, we will buy 75 shares of TJX Companies (TJX) at roughly $73.50. Following today's trade, Jim Cramer's Charitable Trust will own 875 shares of TJX, increasing its weighting in the portfolio to about 2.57% from 2.36%. Markets are pointing to a sharply lower open Wednesday, with the S & P 500 sliding 1.75% in premarket trading. TJX YTD mountain TJX Companies (TJX) YTD performance That's what is drawing us to TJX Companies , the off-price retailer that appeals to consumers looking for a discount on quality merchandise. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Artist moves into rubbish skip in protest at 'crazy' London costs
▼ + stars: | 2023-03-06 | by ( Natalie Thomas | ) www.reuters.com time to read: +2 min

[1/5] Artist Harrison Marshall poses outside the skip which he has converted into a home, where he intends to live in for a year, in Bermondsey, London, Britain, March 3, 2023. Returning to the city after a period abroad, he said he struggled to find somewhere to live given the shortage of housing. "As was the case with thousands of people across the city and across the country, the prices had gone crazy. "Skip House" is emblazoned in black across the classic yellow container normally used for builder's waste. "The skip provided me the kind of opportunity to make my own tiny little house," he said.

☆ 'Laverne & Shirley' actress Cindy Williams dies at 75, AP reports
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

Laverne and Shirley were portrayed by Marshall and Williams respectively. REUTERS/Jim Ruymen JR/File PhotoJan 30 (Reuters) - Cindy Williams, who played Shirley alongside Penny Marshall's Laverne in "Laverne & Shirley," one of the most popular U.S. TV shows of the 1970s and 1980s, has died at 75, the AP reported on Monday, citing a statement from her family. "The passing of our kind, hilarious mother, Cindy Williams, has brought us insurmountable sadness that could never truly be expressed," they said. "Laverne & Shirley" followed as a spinoff, running for eight seasons with 178 total episodes from 1976 to 1983. Marshall once described the success of "Laverne & Shirley" by saying: "We dared to be stupid."

☆ Alabama's attorney general threatened to prosecute people seeking abortion pills. A day later, he walked it back.
▼ + stars: | 2023-01-12 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +7 min

Alabama Attorney General Steve Marshall said he'd prosecute people who take abortion pills. A day later, Marshall walked back his remarks and said only abortion providers would be prosecuted. Prosecuting people for taking abortion pills would not have been legal in the state of Alabama, civil-rights experts told Insider. The FDA authorized brick-and-mortar pharmacies across the country to pursue certification to carry abortion pills, a move that could expand abortion access nationwide. Kay Ivey in 2019, specifically says abortion providers can be held criminally liable, but people who get abortions cannot be.

☆ Running water scarce in Jackson, Mississippi, after frigid weather
▼ + stars: | 2022-12-29 | by ( Jonathan Allen | ) www.reuters.com time to read: +3 min

Other Southern cities unaccustomed to freezing weather were grappling with similar water issues, including Atlanta; Shreveport, Louisiana; and Selma, Alabama. Homes in some parts of the city had no water at all, and officials have set up distribution points for bottled drinking water each day. The U.S. Justice Department in November reached an agreement with Mississippi and the city of Jackson to appoint an interim third-party manager to stabilize the city's drinking water supply. The mayor says fixing the water system will take billions of dollars. The U.S. Congress included $600 million to repair Jackson's water system in a spending bill signed into law last week.

☆ Biden would veto proposed U.S. Senate resolution to end COVID national emergency -White House
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

Nov 15 (Reuters) - President Joe Biden would veto a proposed U.S. Senate resolution that would terminate a national emergency declared in 2020 in response to the COVID-19 pandemic, the White House said on Tuesday. Senator Roger Marshall in September called for a vote to end the emergency declaration after Biden told CBS News in an interview that the pandemic was "over." The White House later walked back Biden's comments, saying there had been no change in the administration's COVID-19 policy. Marshall's proposed resolution was put on the Senate calendar in October but has not yet been put to a vote in the Democrat-controlled chamber. Reporting by Eric Beech and Dan Whitcomb; editing by Costas Pitas and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

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