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Other opportunities for investors to participate in spinoffs will be coming soon. If a company spins off a company in a different sector, the new stock tends to outperform because it's likely undervalued. Winners and upcoming beneficiaries Roth MKM also recently highlighted spinoff stocks' outperformance over the past year. GE Vernova is one of its current favorite spinoff stocks — which the company said to "buy buy buy." Industrial company Esab , a Swedish-American company that makes welding and cutting equipment, is another spinoff beneficiary, according to Roth MKM.
Persons: Morgan Stanley, Todd Castagno, Wolfe, Roth MKM, Roth, Esab, Sylvamo, JC O'Hara, Baxter, Edwards Lifesciences, Edwards, — CNBC's Michael Bloom Organizations: General Electric, GE Vernova, Wolfe Research, Baxter International, Unilever Locations: Swedish, American, Enovis, Memphis, Latin America, Veralto
A shooting took place outside Drake's home in Toronto on Tuesday morning, according to police. Police said a security guard was taken to the hospital. AdvertisementPolice are investigating a shooting outside Drake's mansion in the Bridle Path neighborhood of Toronto. A spokesperson for the Toronto Police Service confirmed to Business Insider on Tuesday that a security guard suffered a gunshot wound while standing outside the front gates. The cover art shows an aerial view of Drake's Toronto dwelling, edited to appear covered by the same red markers used by the sex offender registry.
Persons: , Paul Krawczyk, Drake, it's, wasn't Drake, Krawczyk, Kendrick Lamar, Lamar Organizations: Police, CBC, Service, Toronto Police Service, Business, Toronto Police, CBC News, Bayview, Lawrence Ave Locations: Toronto, Canadian
That shakiness around when the cuts are coming, as well as the expectation that rates could remain higher for longer creates an opportunity for active managers. Rick Rieder, BlackRock's global chief investment officer of fixed income, told CNBC in a phone interview. Indeed, core bond funds were among the winners in the 2008 crisis. For starters, they should think about the role they want a given bond fund to play within their portfolio: Is it to offset equity risk or to boost returns? "You're not investing in bond funds to shoot the lights out and build your wealth pile," said Morningstar's Jacobson.
Persons: Rick Rieder, Rieder, Eric Jacobson, Morningstar, John Croke ,, Morningstar's Jacobson, Jaime Quinones, they're, Quinones Organizations: Federal Reserve, Barclays, Bank of America, Citigroup, CNBC, Bloomberg, SEC, Morningstar, Vanguard, Stockade Wealth Management, Mutual Locations: Marlboro , N.J
Before John Leguizamo was an acclaimed writer, director, and film star, he was a young Latino actor just trying to get into audition rooms. On turning down 'Carlito's Way' multiple times and becoming a leading man(L-R) Al Pacino and John Leguizamo in "Carlito's Way." UniversalYou've spoken before about turning down "Carlito's Way" a few times before you eventually made the call to sign on. John Leguizamo as Luigi in "Super Mario Bros." (1993) Warner BrosOn doing too many 'ice movies' and feeling dissed by 'Mr. On 'Sigma male' Bruno and getting a bonus for 'Encanto'Maribel and Bruno (voiced by John Leguizamo) in "Encanto."
Persons: John Leguizamo, Leguizamo, Brando, James Dean, Shakespeare, William Goldman, Benny Blanco, Luigi, Mario, he's, He's, Al Pacino, I've, Benicio, Annabel Jankel, Rocky Morton, Mr, Smith, you've, Wears, Stanley Tucci, Robin Williams, Vince Vaughn, Sid, Sloth, Fox, , Mike Berg, Peter Ackerman, Chris Wedge, Philip Seymour Hoffman, Ben Stiller, Ray Romano, Denis Leary, Michael Keaton, would've, hadn't, Bruno, Coco, that's, Lin, Manuel Miranda, Spike Lee, Sam, Mel Blanc, I'd Organizations: Broadway, New York Daily News, Warner Bros, Marvel, Sigma, Walt Disney Animation, Disney, Cannes, HBO Locations: Jackson Heights , Queens, Toro, Puerto Rican
Nods to the event’s dress code, JG Ballard’s 1962 short story “The Garden of Time,” came in all forms. Wisdom Kaye's Robert Wun suit included a corsage, burnt at the edges like the lapels of his overcoat and hat. Coleman Domingo similarly finished off his billowing Willy Chavarria suit with black-rimmed eyes and a drooping bunch of wistful white lilies. Barry Keoghan's Burberry suit came with a satin necktie, top hat and three watches. Mike Coppola/MG24/Getty Images for The Met Museum/VogueAs always, a few stars miss — or dodge — the theme entirely, and menswear this year was no exception.
Persons: Gigi Hadid, Jordan Roth, Emily Ratajkowski, , Lewis Hamilton, Nicholas Galitzine, Jeremy Strong, Jonathan Bailey, Vogue, Loewe, Jonathan Bailey's peony bowtie, Aliah Anderson, , Mike Faist, Josh O’Connor, , O’Connor, clogs, Dan Levy’s, Jamie Dornan’s, Robert Wun, John Shearer, Seán McGirr, Alexander McQueen, Usher, Wisdom Kaye, Coleman Domingo, Willy Chavarria, florals, Barry Keoghan's Burberry, Taylor Hill, Jeff Goldblum, Count Axel, Gilbert Flores, Barry, Andrew Vottero, Prada, ” Goldblum, Emma Chamberlain, Hannah Bagshawe, Eddie Redmayne, Steve O Smith, Mike Coppola, Taika Waititi, Oscar Organizations: CNN, Burberry, Variety, Getty, Vogue, The Met Museum
Indeed, starting at $499, the Pixel 8a is less expensive than the base $699 Pixel 8 and $999 Pixel 8 Pro. AdvertisementGoogle Pixel 8a: FeaturesThe Google Pixel 8a in "Aloe" (left) and "Bay" (right). The Pixel 8a's cameras aren't the same as the Pixel 8's — they're actually the identical cameras from the Pixel 7a. AdvertisementGoogle Pixel 8a: PriceThere are two storage options for the Pixel 8a models, 128GB and 256GB, with the higher storage option only available in the "Obsidian" colorway. Storage Pixel 8a 128GB $499 256GB $559AdvertisementThe Google Pixel 8a is available for preorder now from the online Google Store, Best Buy, Amazon, and carriers like Verizon.
Persons: It's, they're, we're Organizations: Business, preorder, Google, Verizon Locations: 120Hz
Virgin Voyages created a virtual version of Jennifer Lopez, "Jen AI." Virgin Voyages/VMLAgency: VMLThe campaign: Last summer, Virgin Voyages created "Jen AI," an online platform that allowed users to send a personalized video of Jennifer Lopez to their friends to invite them to go on a cruise. The "Jen AI" was trained on Lopez reading a script using technology from SpeakUnique. Meanwhile, guardrails were built in by a team of moderators, including an updated list of banned words Jen-AI wouldn't say. VML says the campaign delivered nearly 20 million impressions and that 15% of global visitors to VirginVoyages.com had consumed content related to the Jen-AI campaign.
Persons: Jennifer Lopez, Jen, Lopez, Deeplocal, VML, Billy Bohan Chinique, Chinique Organizations: VML Agency, Virgin Voyages Locations: SpeakUnique, VirginVoyages.com
Kevin O'Leary said he would've fired the Hims & Hers CEO for backing the pro-Palestinian protests. AdvertisementHims & Hers CEO Andrew Dudum should have been fired immediately for supporting the pro-Palestinian student protesters, says "Shark Tank" host and investor Kevin O'Leary. On May 1, Dudum said in an X post that student protesters should "keep going" because "it's working." People are very polarized by this war, as they are in every war," O'Leary said. Last week, the businessman said in an interview on Fox News' "The Five" that pro-Palestinian student protesters will be "screwed" when they start job hunting.
Persons: Kevin O'Leary, would've, Andrew Dudum, " O'Leary, Dudum's, , O'Leary, Dudum, you’re, Dudum didn't, CNN's Laura Poole Organizations: Service, Palestinian, Fox Business, Columbia University, UCLA, BI, Fox News, Google, National Labor Relations Board Locations: Israel, Gaza
“I think it is at the center of one of the worst crises for American democracy this century, certainly in recent decades,” Applebaum told me by phone Tuesday. “They don’t believe journalists. They don’t believe independent ombudsman. They don’t believe institutions or science. It is not possible to understand why Trump continues to hold a firm grip over the Republican Party without understanding the propaganda machine at his disposal.
Persons: CNN — Anne Applebaum, , Donald Trump, Applebaum, authoritarians —, ” Applebaum, Vladimir Putin’s, Vladimir Putin’s Russia “, Trump, Rupert Murdoch, Tucker Carlson, Sean Hannity, Steve Bannon, , it’s, Steve Bannon’s, that’s, David Muir, Lester Holt, Norah O’Donnell, Carlson, MAGA Organizations: CNN, Trump, Putin, Sputnik, MAGA Media, New York Times, Washington, Fox News, Republican Party Locations: U.S, Vladimir Putin’s Russia, Ukraine
At colleges and universities across the country, from Cal Poly-Humboldt to Columbia, students have been protesting against the war in Gaza. The protests have generated another round of discussion (and endless takes on the internet) about free speech on college campuses. What about universities that purportedly champion free speech suddenly deciding that maybe there’s such a thing as too much freedom of speech? And, personally, I want to know why we pay so much attention to Ivy League schools most of us didn’t go to. I spoke with Greg Lukianoff, the president and C.E.O.
Persons: Greg Lukianoff, Rikki Schlott Organizations: Cal Poly, Humboldt, Ivy League, Foundation, Rights, FIRE’s Student Network Conference Locations: Columbia, Gaza
This story is available exclusively to Business Insider subscribers. AdvertisementBut on May 2, a tourist on Nantucket found their Cybertruck trapped in the sand, requiring a tow truck to free it. According to the tow operator, the driver made one crucial error: He forgot to let air out of the tires. The tow operator said the safe spot for beach driving is between 18 and 22 psi. Representatives for Tesla did not immediately respond to a request for comment from Business Insider.
Persons: , hasn't, Elon Musk, Tesla, who've, There's, Marques Brownlee, Michael Brooks, Myles Russell Organizations: Service, Business, Traffic, NHTSA, Center for Auto Safety Locations: Nantucket, Canadian
Why Kristi Noem Is in the Doghouse
  + stars: | 2024-05-06 | by ( A.O. Scott | ) www.nytimes.com   time to read: +1 min
In April 1964, President Lyndon B. Johnson was photographed lifting one of his beagles (he had two, named Him and Her) by the ears. Johnson won the 1964 presidential election in a landslide. Kristi Noem is no L.B.J. Appearing on “Face the Nation” on Sunday, Noem was unapologetic. She insisted that Cricket, whom she described in her book as an “untrainable” chicken-killer, got what was coming.
Persons: Lyndon B, Johnson, , Barry Goldwater, Kristi Noem, Donald J, Trump, , Mitt Romney, Noem Organizations: White, The South, Cricket Locations: The, The South Dakota, Noem’s
A U.S. Army soldier has been detained by Russian authorities in the port city Vladivostok on charges of criminal misconduct, the State and Defense Departments said on Monday, adding what is likely to be another complication in the contentious relationship between Moscow and Washington. A military official identified the soldier as Staff Sgt. He was apprehended on May 2, and Russia notified the State Department of the soldier’s “criminal detention” in accordance with international agreements between the two nations. “The Army notified his family, and the U.S. Department of State is providing appropriate consular support to the soldier in Russia,” Cynthia O. Smith, an Army spokeswoman, said in a statement. A State Department official reiterated the U.S. government’s warning for Americans not to travel to Russia.
Persons: Gordon Black, ” Cynthia O, Smith, Sergeant Black Organizations: U.S . Army, State and Defense, State Department of, Army, U.S . Department of State, State Department, NBC News Locations: Vladivostok, Moscow, Washington, Fort Cavazos, Texas, South Korea, Russia
As Robert F. Kennedy Jr. tries to get on the presidential ballot in all 50 states, he’s confronting fierce resistance from his opponents. Rebecca Davis O’Brien, who covers campaign finance and money in U.S. elections for The New York Times, discusses the high-stakes battle playing out behind the scenes.
Persons: Robert F, Kennedy Jr, Rebecca Davis O’Brien Organizations: The New York Times
Valerie Macon | Afp | Getty ImagesThe trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees' report released on Monday. The Social Security trustees credited the slightly improved outlook to more people contributing to the program amid a strong economy, low unemployment and higher job and wage growth. "This year's report is a measure of good news for the millions of Americans who depend on Social Security, including the roughly 50% of seniors for whom Social Security is the difference between poverty and living in dignity — any potential benefit reduction event has been pushed off from 2034 to 2035," Social Security Commissioner Martin O'Malley said in a statement. What reports reveal about Social Security, MedicareSocial Security's new 2035 depletion date applies to its combined trust funds. The Medicare Hospital Insurance trust fund — used to fund Part A benefits — saw the biggest improvement in this year's trustees report.
Persons: Valerie Macon, Martin O'Malley, O'Malley, Organizations: Social Security Administration, Afp, Getty, Social Security, Social, Medicare, Insurance Trust, Disability Insurance Trust, Medicare Hospital Insurance, Insurance Trust Fund, Department Locations: Burbank , California
People have wanted to reconnect with deceased loved ones for centuries, whether they’ve visited mediums and spiritualists or leaned on services that preserve their memory. In September 2023, it introduced ChatGPT voice, where users can ask the chatbot prompts without typing. HereAfter AI, founded in 2019, allows users to create avatars of deceased loved ones. “Remembering is very important; it reflects the human condition and importance of deceased loved ones.”But she noted the relationship we have with our closest loved ones is built on authenticity. Creating an AI version of that person could for many “feel like a violation of that.”Bill Abney said he feels uneasy about communicating with his late fiancée through AI platforms.
Persons: Ana Schultz, Kyle, , Schultz, , Schutz, they’ve, ” Ana Schultz, ElevenLabs, Joe Biden, Biden, ChatGPT, OpenAI, Danielle Jacobson, she’s, Phil, Cole, ” Jacobson, “ Cole, Replika, Rohit Prasad, Val Kilmer, It’s, Mary, Frances O’Connor, , ’ ”, Bill Abney, Kari, ” Abney, “ I’m, Jodi Spiegel, Sims Organizations: CNN, Davidson College, Tech, Alexa, MARS, Amazon, University of Arizona Locations: Rock Falls , Illinois, Alabama, Johannesburg, South Africa, , San Francisco, Newfoundland, Canada
Full Social Security benefits are expected to run out in 2035, per the program's trustees. AdvertisementAs more Americans fear being unprepared for retirement — and rely solely on Social Security — those full benefits might not be long-lived. Meanwhile, among the income that typical retirees do receive, just under 80% see income from Social Security. The latest estimates on Social Security also come as the US economy braces for a "peak boomer" wave of new retirees. That's the biggest group of boomers retiring yet, and, per that analysis, many will end up having to rely on Social Security benefits to stay afloat.
Persons: That's, , William Arnone, Martin O'Malley, Kevin Hern Organizations: Security, Social Security, Service, National Academy of Social Insurance, Insurance Trust, Disability Insurance Fund, Social, Survey, Alliance, Lifetime, GOP, Republican
His warning also presented the former president – who has weaponized his four criminal indictments into a narrative of political martyrdom – with his own dilemma. Elie Honig, a CNN senior legal expert, said that he still believed it was unlikely Trump would end up jailed for contempt of court. He told Trump: “You are the former president of the United States and possibly the next president, as well. There are many possible reasons why voters may not be moved by this first trial of a former president. On Monday for example, prosecutors took former Trump employees through complicated financial transactions to lay a paper trail for future testimony from higher-profile witnesses.
Persons: Donald Trump, Juan Merchan, Merchan, Trump, wasn’t, , ” Merchan, , , Elie Honig, Michael Cohen, Stormy Daniels, Jack O’Donnell, CNN’s Erin Burnett, O’Donnell, Merchan’s, you’ll, ” Trump, it’s, Daniels, Joe Biden, he’s Organizations: CNN, Trump, GOP, Trump Plaza Hotel, White Locations: United States, Casino, Atlanta, Georgia, Manhattan
Robert F. Kennedy Jr. has made censorship — specifically, claims that the government, news media and tech platforms have tried to stifle his message — a cornerstone of his independent presidential campaign. This weekend, Mr. Kennedy got more fodder for his argument when Facebook and Instagram blocked a link to a new, sleekly produced 30-minute ad supporting his candidacy. The link appeared to have been blocked from Friday late afternoon until Saturday around midday. Andy Stone, a spokesman for Meta, said the link had been incorrectly flagged as spam. “It was mistakenly blocked, and it was corrected within a few hours” after the issue was discovered, Mr. Stone said.
Persons: Robert F, Kennedy Jr, Kennedy, sleekly, Andy Stone, Stone, Tony Lyons Organizations: Facebook, Meta
Kim Godwin, the president of ABC News, told employees on Sunday night that she was retiring, capping a tumultuous tenure marked by infighting, damaging leaks and a major shake-up of the news division’s leadership ranks. In an email to employees, Ms. Godwin said that she reached her decision to leave after a period of “considerable reflection.” In a separate note to employees, Debra O’Connell, a longtime Disney executive, said she would be overseeing ABC News. “Anyone who’s passionate about what we do knows there’s no other business like it, so this was not an easy or quick decision,” Ms. Godwin said in her note. “I’m certain it’s the right one for me as I look to the future and prioritize what’s most important for me and my family,” she added. Ms. Godwin, the first Black woman to run a broadcast news division, has had a rocky tenure atop ABC News.
Persons: Kim Godwin, Godwin, Debra O’Connell, ” Ms, Organizations: ABC News, Disney, ABC
Why does the US not have federal AI regulation? Biden signed the executive order on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" near the end of 2023. Another challenge comes from AI experts and researchers choosing private sector jobs instead of ones in the government, a kind of "brain drain," Zhang said. "Less than 40% go to government looking to create all those AI regulations and governance structures." AdvertisementThe vast majority of AI experts end up working in the private sector rather than for universities or federal governments.
Persons: , hasn't, Joe Biden, Trump, Kevin McCarthy, Biden, I'm, Jason Green, Lowe, It's, Sen, Martin Heinrich, Sam Altman, Bill O'Leary, Rebecca Finlay, Finlay, we're, she's, Daniel Zhang, Zhang, Drew Angerer, That's, there's Organizations: Service, White, Business, Bills, Republican, Artificial Intelligence, Federal Government, Science & Technology, Congress, Microsoft, Google, Defense, Center, Senate, Washington, Getty, Stanford Institute for, AI, Stanford's, for, Biden Locations: Silicon Valley, Korean, Washington , DC, Congress, North America
The identity of the man who sexually assaulted Richard Gadd is known by "people in the industry." That's according to British TV host Richard Osman, who spoke about "Baby Reindeer" on his podcast. There's been rampant speculation about who inspired the abusive comedy writer named Darrien. In "Baby Reindeer," an established television writer named Darrien O' Connor (Tom Goodman-Hill) grooms and abuses Donny (Richard Gadd). In "Baby Reindeer," an established television writer named Darrien (Tom Goodman-Hill) grooms and abuses Donny (Richard Gadd).
Persons: Richard Gadd, Richard Osman, There's, , Donny Dunn, Martha, Gadd, Darrien O, Connor, Tom Goodman, Hill, Donny, Marina Hyde, Osman, Darrien, Netflix Osman, hasn't, Tony, Sean Foley, who's, he's, Instagram Foley Organizations: Service, Netflix, Local, Guardian Locations: British, Scottish, Darrien, Edinburgh
Kent State students protested the war in Gaza on Saturday during the annual commemoration honoring the four students who were killed by the National Guard on May 4, 1970. Hundreds of pro-Palestinian demonstrators gathered at Kent State University in Ohio on Saturday to protest the war in Gaza, exactly 54 years after a similar campus demonstration ended in four student deaths. Many of them were hoisting signs calling on the university to divest from weapons manufacturers and military contractors. Image Mary Ann Vecchio kneels over the body of Jeffrey Miller, a student who was killed by Ohio National Guard troops during an antiwar demonstration at Kent State University on May 4, 1970. Credit... Today, demonstrators at Kent State are asking the university to divest its portfolio of instruments of war.
Persons: James Rhodes, — Allison Krause, William Schroeder, Sandra Scheuer, Jeffrey Miller —, Ohio ”, Crosby, Stills, Nash, Young, Sophia Swengel, , , ” Ms, Swengel, Mary Ann Vecchio, Jeffrey Miller, John Filo, Camille Tinnin, Yaseen Shaikh, Tinnin, Shaikh, Mark Polatajko, Rebecca Murphy, Polatajko, Murphy Organizations: Kent, National Guard, Kent State University, Force, Ohio National Guard, Kent State, Justice Locations: Gaza, Ohio, Kent State’s, Vietnam, Cambodia, Kent, , , Palestine,
CNN —No one dares speak louder than a whisper as nearly 1,000 people respectfully take their seats inside the dimly lit Crucible Theatre. They’ve come to witness the nerve-shredding, silently electric atmosphere of the World Snooker Championship. The World Snooker Tour (WST) – organizers of the World Snooker Championship – say the sport is watched by half-a-billion people around the world. The Crucible Theatre has been the home of the World Snooker Championships since 1977. Saudi Arabia’s pursuit of snooker should not be surprising, but moving the World Snooker Championship would be an emotional decision for many of its fans.
Persons: they’re, They’ve, Shaun Murphy, It’s, , they’ve, George Wood, Mike Watterson, Hossein Vafaei, , it’s, ” Murphy, Young, Murphy, ” Ronnie O'Sullivan, Ronnie O’Sullivan, Ronnie O’Sullivan’s, O’Sullivan, , , Steve Dawson Organizations: CNN, Crucible, CNN Sport, Sheffield, Crucible Theatre, , Wembley, Snooker, Wimbledon, , Theatre Locations: Sheffield, England, Augusta, Saudi Arabia, , Saudi, China
CNN —In travel news this week: submersible superyachts for billionaires, the megahub airport that could be the world’s busiest, plus new digital nomad visas in Turkey and Italy. New digital nomad visasPacking up your life and making a fresh start abroad is a dream for many, and new visa programs and tax incentives are making it a bit more achievable. Portugal, Spain and Costa Rica are some of the countries with popular digital nomad visas, and now there are two new options for remote workers. Turkey’s vibrant cities and glorious coastline can be enjoyed with its new digital nomad visa which is open to citizens of 36 countries, including the United States, Canada, France and the United Kingdom, ages 21 to 55. Italy’s long-anticipated digital nomad visa is also now accepting applications.
Persons: you’re, Hopper, he’d, “ It’s, , Latronico, there’d Organizations: CNN, European Union, European Economic, KSL, Mount Fuji Locations: Turkey, Italy, Portugal, Spain, Costa Rica, United States, Canada, France, United Kingdom, Italian, Italy London, Texas, Costa, Los Angeles, Basilicata, Austrian, Utah, Indonesia, Caicos, Mull, Kintyre, Miami
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