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☆ Welcome to ‘the Tepid Twenties’? The US economy’s strength won’t be enough to boost global growth
▼ + stars: | 2024-05-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Invigorating growth is critical: When the economy expands, it improves standards of living, promotes innovation and makes households wealthier. Economic growth in Spain and France was stronger than expected last year. But the US is outperforming mainly for one key reason: Robust productivity growth. Productivity growth came in well below expectations in the first three months of the year, according to Labor Department data released last week. A “course correction” isn’t an even stronger US economy: Economic policymakers around the world need to address a range of key issues.

Persons: ” Kristalina Georgieva, ” Georgieva, ” Stephen Gallagher, Gallagher, “, ”, Hande Atay Alam, Recep Tayyip Erdogan, Israel Katz, John Williams, Neel Kashkari, Lisa Cook, Krispy Kreme, John’s, Austan Goolsbee Organizations: Washington CNN, Monetary, IMF, European Central Bank, Labor Department, Societe Generale, CNN, Reuters, Palantir Technologies, Tyson Foods, Marriott Worldwide, New York Fed, Disney, UBS, Duke Energy, Suncor, Bros, Minneapolis, Toyota, Uber, Anheuser, Busch InBev, Airbnb, Fox Corporation, News Corporation, Duolingo, Icahn Enterprises, New York Times Company, AMC Entertainment, Honda, Warner Bros Discovery, Warner Music Group, Hyatt, Hilton, Bank of England, US Labor Department, United Kingdom’s, National Statistics, University of Michigan, . Chicago Fed, China’s National Bureau of Statistics Locations: Europe, China, United States, Spain, France, Russia, Ukraine, Turkey, Israel, Gaza, Olesya, “ Turkey, Lyft, TripAdvisor

☆ Interest rates and the AI-fueled rally remain top of mind for stock investors in the week ahead
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.

Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan

☆ Trouble brews at The Wall Street Journal, where EIC Emma Tucker faces falling morale and the union edges toward a strike
▼ + stars: | 2024-04-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

Read previewEmma Tucker's arrival at The Wall Street Journal a little over a year ago was met with enthusiasm. This story is available exclusively to Business Insider subscribers. Business Insider talked to a dozen insiders for this story; many of them said they had felt a shift from optimism to angst regarding Tucker and the newsroom generally. A Journal spokesperson said Tucker wasn't available to comment but offered an interview with Taneth Evans, Tucker's associate editor. Evans told Business Insider that the changes were drawn out to give the new leadership time to understand how the newsroom works.

Persons: —, Emma Tucker's, Tucker, She's, effused, Liz Harris, Dow Jones, IAPE, Tucker wasn't, Taneth Evans, Tucker's, Evans, I've, Harris, Emma Tucker, Joy Malone, Rupert Murdoch, Matt Murray, Murray, Elon, Taylor, I'm, OpenAI's Sam Altman, Michael Bloomberg's, Lachlan Murdoch, Adrian Edwards, Axel Springer Organizations: Service, Wall, Business, Dow, Independent Association of Publishers ' Employees, CWA, Associates, Sunday Times, The New York Times, Times, Boeing, News Corp Locations: New York, London, Tesla, Gaza, New York City

☆ OpenAI's Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: +4 min

OpenAI has promised that ChatGPT Enterprise customers' data will not be used to train its models. Talking to potential customers from industries including finance, healthcare and energy, OpenAI executives highlighted a range of applications, such as call-center management and translation. Microsoft, the largest investor in OpenAI, offers access to OpenAI's technology through its Azure cloud and by selling Microsoft 365 Copilot, a productivity tool powered by OpenAI's models targeting enterprises. Some executives in the audience at the events asked why they should pay for ChatGPT Enterprise if they are already customers of Microsoft, attendees said. Lightcap told Bloomberg last week more than 600,000 people signed up to use ChatGPT Enterprise and Team, up from around 150,000 in January.

Persons: Altman, Brad Lightcap, Sam Altman, OpenAI, Lightcap, ChatGPT, Sora Organizations: ChatGPT Enterprise, OpenAI, Fortune, Microsoft, Reuters, ChatGPT, Bloomberg, Enterprise, Team, Fox, News Corp Locations: U.S, London, San Francisco , New York, OpenAI

☆ How Dana Walden could defy critics and become Disney's first female CEO
▼ + stars: | 2024-04-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +22 min

The appointment would make Walden the first female CEO of the Walt Disney Co. in its 100-year history. "Anybody they choose will have never been the Disney CEO prior to that." At Disney, Walden has hit several home runs, including FX's "The Bear," Hulu's "The Dropout" and "Only Murderers in the Building," and ABC's "Abbott Elementary." Former Disney CEO Bob Chapek CNBCChapek climbed the corporate ladder at Disney for 30 years by showcasing his business and finance chops. Combating female stereotypesIf Walden were appointed CEO, she would be the first woman to run the century-old company.

Persons: Dana Walden, Disney Entertainment Rich Polk, Peter Chernin, Rupert, Walden, Bob Iger, he'd, Fox, Chernin, Peter Roth, Roth, Peter Chernin Getty, Josh D'Amaro, Jimmy Pitaro, Alan Bergman, Nelson, Peltz, Iger, Bob Chapek, Walden's, Bergman, she's, hasn't, —, Walden —, Dana doesn't, Jennifer Salke, Jennifer Salke Stephen Desaulniers, CNBC Walden, Richard Plepler, Craig Hunegs, Carol Burnett's, Carrie Hamilton, George Burns, Dean Martin, roasts, Martin, Buddy Hackett, Matt Walden, Bender, Goldman, she'd, Arsenio, Lucie Sulhany, Dana Walden Jason Laveris, Gary Newman, Newman, It's, Dana, Ryan Murphy, John Landgraf, Jan, Seth MacFarlane, Guy, Tuck, MacFarlane, Murphy, Steve Levitan, Dan Fogelman, Rick Rosen, Rosen, Howard Gordon, Levitan, Peter Rice, Rice, wasn't, Chapek, Rich Appel, Gary, it's, Percy Jackson, didn't, Bob Chapek CNBC Chapek, showrunners, Scarlett Johansson, Kristina Schake, Jay Sures, Sures, Amazon's Salke, Greta Gerwig, Gloria, Murphy's, Miss Jones, There's, Steve Levitan Peter, Hopper, Critics, She's, Salke, WME's Rosen Organizations: Disney Entertainment, Getty, Century Fox Filmed Entertainment, Rupert Murdoch's News Corp, Walt Disney Co, Century Fox, Fox, Century Fox Television, Warner Bros, Disney, ESPN, Entertainment, CNBC, Trian Partners, Iger, Amazon Studios, HBO, Disney TV Studios, Hollywood, Westlake School for Girls, Harvard, Westlake School, The Friars Club, University of Southern, Paramount, Paramount Domestic Television, Filmmagic, Fox Broadcasting, Walden, CBS, FX Networks, Bob Chapek CNBC, Indiana University, Michigan State University, United Talent Agency, Hulu Locations: Santa Barbara , California, Walden, Brentwood , California, She's, Disney's, Studio City, Los Angeles, Las Vegas, University of Southern California, Chapek, Hollywood, Walden's, Iger, America

☆ Wall Street Journal staffers staged a work stoppage as tensions mount over disciplinary meetings: 'It feels like a big game of gaslighting'
▼ + stars: | 2024-03-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

The effort came at a nervous time for the Journal newsroom. It's still reeling from February, when the paper sharply cut its DC newsroom, its second-biggest bureau after New York. Tucker wrote at the time that the DC bureau changes were enacted to put the company in the position to serve readers better and stand out from the competition. The union has filed grievances over the DC bureau layoffs and is considering filing grievances over the meetings, Martell said. But the mood among some has turned as Tucker has enacted layoffs in a newsroom that's largely been spared staff cuts.

Persons: —, Emma Tucker's, It's, IAPE, Tucker, Dion Nissenbaum, Nissenbaum, Evan Gershkovich, who's, There's, Tim Martell, they've, they're, Martell, They're, Rupert Murdoch, We've Organizations: Service, Wall Street, News Corp, New, Business, Journal, DC, Street Journal, The Sunday Times, — News Corp Locations: New York, Beirut, London, Washington

☆ Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond: police
▼ + stars: | 2024-03-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

A toxicology report later showed that Chao had a blood-alcohol concentration of .233, the Blanco County Sheriff's Office said in its report. Chao drowned after friends and rescue workers tried without success to get the 50-year-old shipping executive out of the submerged vehicle. "Chao, who is still on the phone with Keinan, tells Keinan in a [calm] voice her feet are under water," the report said. "Chao told Keinan the water was rising and she was going to die, and said, 'I love you' to Keinan prior to the vehicle going under water." Both deputies entered the pond and tried repeatedly to locate Chao through the back door, "but were unable to," the report said.

Persons: Angela Chao, Pitbull, Chao, Mitch McConnell, Elaine Chao, Tesla, Jim Breyer, Breyer, Amber Landeau, Kienan, Keinan, Victoria Garcia, Victoria, Heela Yang Tsuzuki, One, James Chao, Bruce Wasserstein Organizations: U.S . Labor, Transportation, Blanco County Sheriff's, Ninth, Academy Museum of Motion Pictures, Harvard Business School, Rescue, Texas Rangers, FBI, Blanco County Sheriff's Office, American Bureau of Shipping Council, Harvard Business School's, Dean's Advisors, Metropolitan Opera, National Basketball, Boston Celtics, Facebook, Walmart, Marvel Entertainment, News Corp, Dell Locations: Los, Beverly Hills, Los Angeles , California, Johnson City, Austin, Ky, Texas, Blanco County, New York, Dubai

☆ This major ETF that's home to Meta and Disney is looking to break out again, according to the charts
▼ + stars: | 2024-03-20 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The Communications Services Select SPDR ETF (XLC) , home of Meta, Alphabet and Disney, is doing one of the following at any given time this year: Breaking out, digesting said breakout and then breaking out again. We'll notice that the monster reversal happened a solid four months before the S & P 500 topped out in early 2022… and we can blame Meta (META) for that. Meta tailwind When META cracked back then, it took XLC with it. However, it, too, has a constructive chart pattern – a potential large base that is almost two years in length. This ETF is VERY illiquid, thus, it's not the best trading vehicle… That said, one particular holding has a similar looking pattern: Disney (DIS) .

Persons: XLC's uptrend, XLC, it's, NWSA, Frank Cappelleri Organizations: Meta, Netflix, News Corp, Communication Services Locations: XLC

☆ Why the big winner in the Reddit IPO is ... a magazine publisher
▼ + stars: | 2024-03-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

AdvertisementIt's easy to write gloomy stories about the state of the media business. The media business is often pretty gloomy! This one is about a very Old World Media Company that has struck gold in digital media — one of the very few times that has ever happened. (While we're in disclosure mode, I should note that Business Insider itself is a digital media company acquired by German media conglomerate Axel Springer in 2015. AdvertisementMaybe a worthwhile playbook the next time — and there will be a next time — a big media company opens its wallet for a digital upstart again.

Persons: Condé Nast, —, Reddit, Time Warner, Axel Springer Organizations: Advance, Service, World Media Company, Vogue, Yorker, Big Media, News Corp, MySpace, Penguin, YouTube, Maker Studios, Disney, Fox, Time, Comcast, NBC, Vox Media Locations: Reddit

Media magnate Rupert Murdoch, who turns 93 next week, has been married four times — and is engaged again, his representative said Saturday. He plans to marry Elena Zhukova, 67, a Russian-born retired scientist he met last year. Their daughter Dasha was previously married to Russian billionaire Roman Abramovich, who used to own the Premier League football club Chelsea. Murdoch has been married four times and shares six children with three of his wives. These four Murdoch children have the same stake in the family trust and an equal say in what happens to the trust’s voting stock upon Murdoch’s death.

Persons: Rupert Murdoch, Elena Zhukova, Alexander Zhukov, Dasha, Roman Abramovich, Murdoch, Lachlan, Fox, Tucker Carlson, Murdoch's, Jerry Hall, Patricia Booker, Prudence, Anna Torv, James, Elisabeth, Wendi Deng, Grace, Chloe, Ann Lesley Smith Organizations: Premier League football club Chelsea, Fox News, News Corp, Street Journal, Fox News Channel, Fox, ABC, CBS, NBC, New York Post, HBO, Forbes Locations: Russian, Australia, United States, Britain, London, U.S, Scottish, Chinese

☆ Rupert Murdoch is taking yet another shot at marriage at the age of 92
▼ + stars: | 2024-03-08 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Rupert Murdoch is getting married. Zhukova, a retired molecular biologist, was previously married to a Russian billionaire. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRupert Murdoch, the 92-year-old billionaire and chairman emeritus of News Corp., is engaged to be married yet again, according to reports. Murdoch's impending marriage to Zhukova, a 67-year-old retired molecular biologist, would be his fifth marriage and sixth engagement.

Persons: Rupert Murdoch, Elena Zhukova, —, Zhukova Organizations: Service, News Corp, New York Times, Business Locations: Russian

☆ Rupert Murdoch's new Russian fiancée ties him to a sprawling web of money — with some surprising connections
▼ + stars: | 2024-03-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

His fiancée, Elena Zhukova, was once married to Alexander Radkin Zhukov, a Russian oligarch. Her daughter, Dasha Zhukova, was married to Roman Abramovich from 2008 to 2017. Daniele Venturelli/WireImage via Getty ImagesZhukova shares a daughter with Zhukov, Dasha Zhukova. Dasha Zhukova is now married to Stavros Niarchos, the grandson of a Greek shipping tycoon. AdvertisementDasha Zhukova married Stavros Niarchos in January 2020.

Persons: Rupert Murdoch, Elena Zhukova, Alexander Radkin Zhukov, Dasha Zhukova, Roman Abramovich, —, Murdoch, Vladimir Putin, Zhukova, Wendi Deng, Zhukov, hasn't, Daniele Venturelli, Dasha, Abramovich, Putin, backchannel, Vladimir Putin's backchannel, Mikhail Svetlov, Stavros Niarchos, Lexie Moreland, Murdoch didn't Organizations: Service, The Daily Mail, Guardian, Times, Getty, Premier League soccer, Chelsea Football Club, European Union, Penske Media, News Corp, Business Insider Locations: Russian, Italy, London, Russia, Ukraine, New York, Switzerland

☆ Rupert Murdoch is engaged to marry – again
▼ + stars: | 2024-03-07 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +2 min

CNN —Within a year of calling off his last wedding, nonagenarian billionaire Rupert Murdoch has popped the question to another partner, months after they started dating. It’s the second time Murdoch has been engaged in a year. Last March, the media titan announced plans to marry Ann Lesley Smith, a former dental hygienist and conservative radio host. Murdoch and Zhukova reportedly started dating in the summer and plan to marry at Moraga Bel Air, Murdoch’s luxury vineyard and estate in California. Murdoch was previously married to former flight attendant Patricia Booker, journalist Anna Murdoch and entrepreneur Wendi Deng, who reportedly introduced him to Zhukova.

Persons: Rupert Murdoch, It’s, Murdoch, Ann Lesley Smith, Elena Zhukova, Zhukova, Dasha, Abramovich, Lachlan, Patricia Booker, Anna Murdoch, Wendi Deng, Jerry Hall, Smith, “, ” Organizations: CNN, News Corp, The New York Times, Moraga Bel Air, Bloomberg’s, News Corporation, Fox Corporation, Fox News Locations: California, Russian

☆ Starboard Value’s Jeffrey Smith firms up activist bet on GoDaddy, trims winning Salesforce stake
▼ + stars: | 2024-02-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starboard Value's Jeff Smith added to his GoDaddy holding while trimming his lucrative activist bet in Salesforce , according to a new regulatory filing. The hedge fund increased its stake in GoDaddy to nearly $925 million, making the web services company its biggest holding. Starboard continued to trim its stake in customer relations management software company Salesforce , which in 2022, he took an activist stake in. The filing also reveals a few new stakes for Starboard, including News Corp and Fortrea . CNBC had already reported on these stakes when Smith appeared at a conference in last year.

Persons: Jeff Smith, Smith, He's Organizations: Wharton, News Corp, Fortrea, CNBC Locations: Salesforce, GoDaddy, New York

☆ Elon Musk attacked my article accusing him of gaming Twitter's algorithm for more attention. In some ways, it gave him exactly what he wanted.
▼ + stars: | 2024-02-15 | by ( Zoe Schiffer | ) www.businessinsider.com time to read: +9 min

Advertisement"Yes, Elon Musk created a special system for showing you all his tweets first," the Platformer headline read. "After his super bowl tweet did worse numbers than President Biden's, Twitter's CEO ordered major changes to the algorithm." In December 2022, a former Twitter employee had been sentenced to three years in prison for spying on behalf of Saudi Arabia. AdvertisementBy the end of the week, did anyone even remember there had been a Super Bowl? From EXTREMELY HARDCORE: Inside Elon Musk's Twitter, by Zoe Schiffer, published by Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House, LLC.

Persons: —, Elon Musk, Rupert Murdoch, Elisabeth Murdoch, Musk, Biden, I'm, Jill Biden's, Jill Biden, Joe Biden, I'd, Elon, Zoe, Yang, Casey Newton, Biden's, Newton, who'd, Barack Obama, Twitter, Zoe Schiffer Organizations: Service, Farm, Super, News Corp, Kansas City Chiefs, Philadelphia Eagles, Business, Eagles, Twitter, Elon Musk, Google, Washington Post, Engineers, UPS, Elon, Penguin Publishing, Penguin Random Locations: Glendale , Arizona, Arizona, Oakland, Santa Barbara, Saudi Arabia

☆ A soft landing is now likely. But Americans will still deal with unaffordable housing
▼ + stars: | 2024-02-04 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

In a letter days before the Fed’s decision Wednesday to hold interest rates steady at a 23-year high, Democratic US senators blasted the central bank for America’s housing woes. In 2021 when the Fed’s key interest rate was near zero, home-price growth soared at a historic double-digit pace, according to the S&P CoreLogic Case-Shiller National Home Price Index. Divounguy said that the average 30-year fixed mortgage rate will likely not fall below 6% this year. That way we can actually start heading in the right direction with affordability and have that be sustainable and not just a short-term interest rate phenomenon,” she said. Richmond Fed President Thomas Barkin delivers remarks.

Persons: Valerie Plesch, Orphe Divounguy, Freddie Mac, it’s, Fannie Mae, Divounguy, ” Daryl Fairweather, Trump, Jerome Powell, Donald Trump, Powell, David Goldman, Alexandra Ross, ” Trump, Maria Bartiromo, Joe Biden, Estee Lauder, Tyson, Raphael Bostic, Eli Lilly, Loretta Mester, Walt Disney, Adriana Kugler, Thomas Barkin, Michelle Bowman, Ralph Lauren, Armour Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Democratic, Eccles Federal Reserve, Bloomberg, Getty, CNN, National Association of Realtors, Fox Business, Bureau of Labor Statistics, Trump, Fed, Caterpillar, Tyson Foods, P Global, Institute for Supply Management, Atlanta Fed, Toyota, UBS AG, Chipotle, Cleveland Fed, Walt, CVS, PayPal, Brands, Fox, The Carlyle, News Corporation, New York Times Company, Mattel, Spirit Airlines, US Commerce Department, China’s National Bureau of Statistics, ConocoPhillips, Unilever, Duke Energy, Expedia, Warner Music Group, Tenet Healthcare, Richmond Fed, Pepsico, Honda Locations: Washington, Washington , DC, CAVA

☆ A New Perk for Some Student Loan Borrowers: A 401(k) Match
▼ + stars: | 2024-02-02 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Student loan borrowers who are lucky enough to have access to a 401(k)-type plan, but are too stretched to save in it, may soon be helped by a new workplace benefit: Paying off their student loans can generate retirement savings contributions from their employer. Starting this year, workers with student loans can receive employer matching contributions in workplace plans, even if they’re not able to save anything on their own. The loan payments count instead. The new feature was made possible by legislation known as Secure 2.0, which included a package of retirement-related provisions intended to boost savings. “Employers can distinguish themselves in attracting and retaining workers by offering such benefits,” said Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute, a nonprofit, particularly those “who are struggling with their finances and have student loan debt.”

Persons: they’re, ”, Craig Copeland Organizations: Dow Inc, News Corp, Masco Corp, Unilever, Fidelity Investments, “, Research Institute

☆ The Wall Street Journal made deep cuts to its DC bureau and insiders are calling it a 'bloodbath'
▼ + stars: | 2024-02-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Rupert Murdoch's The Wall Street Journal made widespread cuts to its DC bureau on Thursday in a restructuring that several insiders called a "bloodbath." They were also, however, expected, since staffers had been told a restructuring was coming in preparation for the installation of the Journal's new Washington coverage chief Damian Paletta, who starts February 5. The new Washington bureau will focus on politics, policy, defense, law, intelligence and national security. The expanded Finance & Economics coverage area will unify our reporting on the macroeconomy, global economic trends, monetary policy, credit and banking, and financial markets. Brent Kendall, the law bureau chief, will take on the expanded role of Justice, Judiciary and Law Editor.

Persons: Rupert Murdoch's, Amara Omeokwe, James Graff, Emma Tucker, Tucker, Damian Paletta, Jodi Green, Liz Harris, they'd, Marie Beaudette, Marie, Damian, Brent Kendall, Brent, Emma Organizations: Journal, Business, News Corp, Staff, Finance, Federal Reserve, Economics, Justice, Judiciary Locations: Washington, New York, China, U.S

☆ How to find a reasonably-priced and resilient stock amid the rush of earnings reports ahead
▼ + stars: | 2024-01-15 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

Strong Balance Sheet: A strong balance sheet is often a primary indicator of a quality company. Consistent Earnings Growth: Quality companies usually exhibit steady and predictable earnings growth. Typewriter manufacturing wasn't a sustainable growth industry regardless of whether it adhered to ESG factors or not. Bear in mind that finding a quality company cheap isn't likely, but we would prefer to avoid crowded (i.e. Even without delving into the quality of management and other factors it's clear that AT & T is not a "quality" company as I defined it above.

Persons: Martin Luther King, Walt Disney Organizations: JPMorgan, Good, Sustainable, Sector, Charter Communications, Comcast, Electronic Arts, Fox Corp, Interpublic, Match, Meta, Netflix, News Corp, Omnicom, Paramount Global, Interactive, Verizon, Walt, Warner Brothers, Apple Locations: America

CNN —The Washington Post’s incoming chief executive and publisher will start the job with a mess on his hands. Workforce tensionsThe Washington Post Guild, the union that represents staffers, has been negotiating with executives on a new contract for a year and a half, but it has yet to reach an agreement. Wages and staff reductions have remained a major sticking point between the two sides, causing dismay among union members with the newspaper’s management. The Post’s management has so far rejected the union’s wage demand and has yet to directly confirm whether remaining staffers’ positions are safe from cuts, the union said. On Thursday, departing staffers were sent an email from management encouraging them to buy official merchandise emblazoned with the Post’s logo.

Persons: William Lewis, Lewis, Sally Buzbee, Patty Stonesifer, Stonesifer, ”, “, Rupert Murdoch’s, Prince Harry, Hugh Grant, —, I’m, Lewis “ Organizations: CNN, Washington, Workforce, Post Guild, Washington Post, News Corp, The Daily Telegraph, Murdoch’s News Corp, Murdoch’s, Post, NPR

☆ News Corp's UK papers settle phone-hacking claims with high-profile figures
▼ + stars: | 2023-12-05 | by ( Michael Holden | ) www.reuters.com time to read: +3 min

Those involved included Melanie Chisholm, or "Sporty Spice" from the well-known girl band, actor Keith Allen, and Shane Lynch from the band "Boyzone". Katie Major, from law firm Hamlins, said Chisholm, also known as Mel C, said the phone-hacking - illegally intercepting voicemail messages - had caused her considerable distress. Chris Huhne, a former energy minister, said he had been targeted by NGN to destroy his career because he had called for a police investigation into hacking. NGN said it strongly denied that there was any corporate motive or direction to obtain information unlawfully. "Huhne was a senior politician and stories published were legitimate and in the public interest," NGN's spokesperson said.

Persons: Rupert Murdoch, Melanie Chisholm, Keith Allen, Shane Lynch, Boyzone, Katie Major, Hamlins, Chisholm, Mel C, Major, Murdoch, NGN, Chris Huhne, Huhne, King Charles, Prince Harry, Michael Holden, Mark Heinrich Our Organizations: British, News Group, Sun, NGN, News Corporation, Thomson Locations: London, British

The deal was expected to fail after Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, said it would reject the A$9.39 per share offer. AustralianSuper owns about 17% of Origin, which was enough to block the bid. Origin already has plans to develop 4 gigawatts by 2030, and Chairman Scott Perkins reaffirmed that strategy, adding that the company was open to working with other investors. "The way we've seen the energy transition is there's been plenty of scope for third party capital to invest alongside Origin," Perkins told reporters after the vote. In its statement, AustralianSuper said it would be a willing capital partner for Origin as it "prepares to transition over the coming decades".

Persons: Dado Ruvic, AustralianSuper, Brookfield, Scott Perkins, Perkins, Scott Murdoch, Lewis Jackson, Alasdair Pal, Miral Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, EIG Partners, Thomson Locations: Brookfield, Australia's, Sydney

☆ Brookfield's $10.6 billion bid for Origin Energy expected to fail on Monday
▼ + stars: | 2023-12-03 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSYDNEY, Dec 4 (Reuters) - The outcome of a Brookfield consortium's $10.6 billion bid for Australia's Origin Energy (ORG.AX) will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country's largest power retailer. Origin’s largest shareholder, A$300 billion ($198.36 billion) pension fund AustralianSuper, has said it would reject the A$9.39 per share offer. "If the Brookfield consortium comes back with a hostile off-market offer, there could be upside to the share price." "We will do this work before considering whether to continue pursuing a proposal to acquire Origin Energy or the Origin Energy Markets business," he said. The company's board last week rejected a revised back-up bid from the Brookfield consortium that the energy firm said was too complex and highly conditional.

Persons: Dado Ruvic, AustralianSuper, Adrian Atkins, Luke Edwards, Scott Murdoch, Jamie Freed Organizations: Brookfield, REUTERS, Rights, Origin Energy, Origin Energy Markets, Thomson Locations: Sydney, Brookfield, Brookfield Australia

☆ DeSantis-Newsom Debate Shows the 2024 Campaign That Could Have Been
▼ + stars: | 2023-12-01 | by ( Molly Ball | ) www.wsj.com time to read: +1 min

Governors Gavin Newsom (D., Calif.) and Ron DeSantis (R., Fla.) went head to head on topics ranging from Covid-19 to President Biden’s leadership in a debate televised by Fox News and moderated by Sean Hannity. Photo: Noam Galai/Getty Images for Clinton Global Initiative; Scott Olson/Getty ImagesALPHARETTA, Ga.—Unless something unexpected happens in the next few months, the 2024 presidential campaign is likely to feature two aging, retread candidates of whom Americans are thoroughly tired. Ron DeSantis, a Republican, and California Gov. Gavin Newsom , a Democrat, faced off in a no-holds-barred roughly 100-minute debate, moderated by Fox News’s Sean Hannity and airing live on the cable network. Wall Street Journal parent News Corp and Fox parent Fox Corp. share common ownership.

Persons: Gavin Newsom, Ron DeSantis, Biden’s, Sean Hannity, Noam Galai, Scott Olson, Fox News’s Sean Hannity Organizations: Fox News, Clinton Global Initiative, Florida Gov, Republican, California Gov, Democrat, Wall Street, News Corp, Fox, Fox Corp Locations: Calif, Fla

☆ Ron DeSantis and Gavin Newsom Set to Debate on ‘Hannity’
▼ + stars: | 2023-11-30 | by ( Molly Ball | ) www.wsj.com time to read: 1 min

Gavin Newsom and Florida Gov. Ron DeSantis plan to play up the perceived irony of each other’s political brands in the debate. Ron DeSantis, a Republican, and California Gov. Gavin Newsom , a Democrat, will meet for a 90-minute debate at 9 p.m. Wall Street Journal parent News Corp and Fox parent Fox Corp. share common ownership.

Persons: Gavin Newsom, Ron DeSantis, Noam Galai, Scott Olson, Fox News’s Sean Hannity Organizations: Florida Gov, Clinton Global Initiative, Republican, California Gov, Democrat, Wall Street, News Corp, Fox, Fox Corp Locations: California, Florida

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