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☆ Mike Pinder, Founding Keyboardist of the Moody Blues, Dies at 82
▼ + stars: | 2024-04-25 | by ( Richard Sandomir | ) www.nytimes.com time to read: 1 min

Mike Pinder, the last surviving founding member of the Moody Blues, whose innovative use of the Mellotron — a predecessor of the sampler — helped make the band a pioneer of progressive rock, died on Wednesday at his home in the Sacramento area. His son Dan confirmed the death. He said that his father had breathing difficulties and had been in hospice care for a few days. The Moody Blues were formed in 1964, with a lineup of Mr. Pinder on keyboards, Denny Laine on guitar, Graeme Edge on drums, Ray Thomas on flute and Clint Warwick on bass. The group’s “Go Now!,” sung by Mr. Laine, rose to No.

Persons: Mike Pinder, Dan, Mr, Pinder, Denny Laine, Graeme Edge, Ray Thomas, Clint Warwick, ”, Laine Organizations: Moody Blues, Moody Locations: Sacramento

NEW YORK (AP) — Denny Laine, a British singer, songwriter and guitarist who performed in an early, pop-oriented version of the Moody Blues and was later Paul McCartney's longtime sideman in the ex-Beatle's solo band Wings, has died at age 79. Laine, inducted five years ago into the Rock and Roll Hall of Fame as a member of the Moody Blues, died Tuesday in Naples, Florida. His death comes almost exactly 50 years after the release of McCartney's acclaimed “Band On the Run” album, on which Laine played guitar and provided backing vocals. The Moody Blues then turned to the ambitious, classically influenced sounds of “Nights in White Satin" and other songs. Founded in 1971, the year after the Beatles broke up, Wings went through various personnel changes over the following decade, with Laine, McCartney and McCartney's wife, Linda.

Persons: — Denny Laine, Paul McCartney's, Laine, Elizabeth Hines, McCartney, Instagram, “, ” McCartney, Brian Frederick Arthur Hines, Frankie Laine, Ray Thomas, Mike Pinder, 1967 Laine, Justin Hayward, Ginger Baker's, McCartney's, Linda, Said ”, ” Laine, George Harrison's, John Lennon, ” Organizations: Moody Blues, Hall of Fame, Ginger Baker's Air Force, Wings, Beatles Locations: British, Naples , Florida, Mull of Kintyre

☆ CNBC Daily Open: Strange, but good, things are happening in markets and the economy
▼ + stars: | 2023-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meanwhile, the 10-year Treasury yield fell around 10 basis points to 4.569% and the 2-year yield slipped 3 basis points to 4.915%. As Treasury yields serve as the benchmark for interest rates on loans and cash investments, sinking yields generally benefit rate-sensitive companies more. Both the economy and markets have truly acted in strange, unprecedented ways ever since the pandemic.

Persons: Spencer Platt, they're, WTI's, that's, Alastair Pinder, Austan Goolsbee, — Organizations: New York Stock Exchange, Getty, CNBC, West Texas Intermediate, Brent, Treasury, Big Tech, Amazon, Nasdaq, Dow Jones, Dow, U.S . Federal, HSBC, Chicago Federal Locations: New York City, That's, Israel

☆ CNBC Daily Open: Goolsbee’s ‘golden path’ is still visible
▼ + stars: | 2023-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineLast month's sudden surge in Treasury yields and oil prices — both of which tend to suppress investors' appetite for stocks — looks to be ending. As Treasury yields serve as the benchmark for interest rates on loans and cash investments, sinking yields generally benefit rate-sensitive companies more. Chicago Federal Reserve President Austan Goolsbee told CNBC, "Because of some of the strangeness of this moment, there is the possibility of the golden path ... that we got inflation down without a recession."

Persons: Goolsbee, David Paul Morris, they're, WTI's, that's, Alastair Pinder, Austan Goolsbee, — Organizations: Federal Reserve Bank of Chicago, Bloomberg, Getty, CNBC, West Texas Intermediate, Brent, Treasury, Big Tech, Amazon, Nasdaq, Dow Jones, Dow, U.S . Federal, HSBC, Chicago Federal Locations: Moran , Wyoming, That's, Israel

☆ Here are the emails, texts and photos that could put Sam Bankman-Fried in prison for life
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried.

Persons: Sam Bankman, Fried, FTX, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison, —, Alameda —, Ryan Pinder, Rob Creamer, didn't, Ellison, he'd, HOOD, they'll, FTX's, Sun, Bankman, Stephen Curry, Tom Brady, Giselle Bundchen, Larry David, Nishad Singh, Michael Kives, Bryan Baum, Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, Kris, Kylie Jenner, SDNY Singh, Baum, Drappi, Jane Rosenberg, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Ryan Salame, Changpeng Zhao, Michael Lewis, Singh, Lewis Organizations: U.S . Justice Department's Securities, Commodities, Lawyers, U.S, Alameda Research, Alameda, Geneva Trading, FIA, Traders Group, Wall Street Journal, Google, shuttering, Prosecutors, NBA, Major League Baseball, K5, Federal Court Locations: Chicago, Bahamas, Bankman, Alameda, FTX, shuttering Alameda, Hong Kong, New York City, U.S, Sequoia, Alameda's

☆ In England, Morris Dancing Is Loved, Mocked and Getting a Makeover
▼ + stars: | 2023-08-15 | by ( Genevieve Marks | ) www.nytimes.com time to read: +1 min

At the other end of the Morris dancing spectrum are those interested not in genre-bending but in fidelity to form, like Alun Pinder, a 28-year-old data analyst. (There are approximately 800 active national Morris teams.) By his own estimation, his team, Fool’s Gambit, a roving collective that performs most weekends across the country, belongs in that top three. The Westminster dancers are proud of their command over one of the more distinctive elements of Morris: the flicking and waving of handkerchiefs. “We have trained ourselves to lower our hankies at a certain velocity so that they are almost in tandem and vertical,” Bentham said.

Persons: Morris, Alun Pinder, “, Morris snob, ”, ” Pinder, Fool’s, Charlotte Dover, Westminster Morris, Elizabeth II’s, “ Morris, James Jack Bentham, ” Bentham Organizations: Morris teams Locations: Westminster

Analysts point to receding recession concerns and the prospect of a less aggressive policy stance from the U.S. Federal Reserve as factors fuelling hopes for a broader market rally. The second quarter earnings season has started positively for cyclical sectors, with over a quarter of the global companies announcing their results so far, Refinitiv Eikon data showed. "The upcoming earnings season has the potential to broaden the rally for sure. However, there are plenty of laggards especially in cyclical sectors such as financials and consumer discretionary, which are available at attractive valuations, analysts say. Over the past month, the communication services, mining and financial sectors have all posted about 5% gains, outpacing the tech sector's modest 2% rise.

Persons: Puneet Singh, Singh, Alastair Pinder, Derek Izuel, Patturaja Murugaboopathy, Noel Randewich, Vidya Ranganathan, Alison Williams Organizations: U.S . Federal Reserve, Reuters, Societe Generale, Carnival Corp, Equity, Nasdaq, Intelligence, Royce, Reuters Graphics Reuters, HSBC Research, Shelton Capital Management, Thomson Locations: U.S, Singapore, Asia, Europe, California

☆ Novo Nordisk suspended from UK lobby group
▼ + stars: | 2023-03-16 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

ABPI's statement linked to a website of a self-regulatory body run by the association that pointed to a complaint alleging that Novo Nordisk had sponsored courses on weight management on LinkedIn for health professionals, without making clear the company's involvement. The move amounted to "bribing health professionals with an inducement to prescribe," the complaint alleged. In response, Novo said that it had agreed to provide sponsorship to ensure that health professionals would receive training from a reputable provider, but that it had supported the activity at "arms length". Novo is the market leader in the rapidly growing area of weight loss through medicinal treatment rather than only dieting or exercising. Novo has since developed a more effective obesity treatment called Wegovy, which has been in great demand globally and is being lined up for its UK launch.

☆ Buy these 40 overlooked stocks offering top-tier dividend payouts that will hedge against underrated recession risk, UBS says
▼ + stars: | 2023-02-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

But UBS is still calling for a recession, which should cause more defensive quality dividend stocks to outperform. UBSLastly, UBS expects dividend growth to exceed earnings growth in 2023. Dividend growth (in gold) has historically been much less volatile than earnings growth (in blue). UBS40 high-quality dividend stocks to buyIn this environment, investors would be wise to pursue quality within dividend stocks. Below are the 40 high-quality dividend stocks to buy along with the ticker, market capitalization, sector, and expected 2023 dividend yield for each, according to UBS.

☆ UBS likes these high-quality dividend stocks to weather a downturn
▼ + stars: | 2023-02-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

UBS screened the S & P 1,500 for stocks that have a forward dividend of more than 2% and strong relative dividend growth expectations over the next six months. Here are eight stocks that made UBS' list. Discover Financial made the list, with a forward dividend of 2.2%. The name with the highest forward dividend yield on the list is billboard operator Lamar Advertising at 4.67%. Other names that made UBS' list include PepsiCo , Qualcomm , Broadcom , Ralph Lauren and ConocoPhillips .

☆ The head of the legal system in the Bahamas said the US will 'likely' ask for Sam Bankman-Fried's extradition
▼ + stars: | 2022-12-13 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

The US is "likely" to request Sam Bankman-Fried be extradited to the US, the Bahamas attorney general said. The attorney general indicated the Bahamas intended to extradite Bankman-Fried if requested. The disgraced crypto founder was arrested in the Bahamas on Monday, according to US authorities. The Bahamas attorney general said in the statement that the US had filed criminal charges against Bankman-Fried and was "likely to request his extradition." Representatives for the Bahamas attorney general office did not immediately respond to Insider's request for comment made outside normal working hours.

☆ The SEC has charged Sam Bankman-Fried and accused him of 'orchestrating a massive, years-long fraud'
▼ + stars: | 2022-12-13 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

The SEC on Tuesday said in a complaint it charged Samuel Bankman-Fried with defrauding investors. The SEC accused Bankman-Fried of "orchestrating a massive, years-long fraud." "Sam Bankman-Fried built a house of cards on a foundation of deception," SEC boss Gary Gensler said. In its complaint, the SEC accuses Bankman-Fried of "orchestrating a massive, years-long fraud" by diverting "billions of dollars" of FTX's customer funds for "his own personal benefit and to help grow his crypto empire." The SEC said in its complaint that Bankman-Fried hid this information from equity investors of FTX.

CNBC's Andrew Ross Sorkin reported that the charges against Bankman-Fried include wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering. Bahamas Attorney General Ryan Pinder said the United States was "likely to request his extradition." "While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere," the statement said. The Bahamas and the United States have had an extradition treaty in place since the early 20th century, when the Bahamas was still under British control. Legal experts told CNBC that if the federal government pursues wire or bank fraud charges, Bankman-Fried could face life in prison without the possibility of supervised release.

☆ Sam Bankman-Fried says he doesn't know who took $515 million from FTX's accounts after its bankruptcy filing
▼ + stars: | 2022-12-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried says he doesn't know who accessed FTX's systems without permission during its collapse. He admitted there was "unauthorized access," but said he had no idea who was behind it. John J. Ray III, the CEO appointed to oversee the company's bankruptcy, then confirmed that "unauthorized access to certain assets has occurred." But now, two weeks after the "suspicious" transfer of $515 million was first reported, Bankman-Fried says he doesn't know who was behind it. At the DealBook Summit, Bankman-Fried also said he doesn't think he's criminally liable for FTX's implosion, and his lawyers didn't want him to talk publicly.

☆ Bahamian Attorney General Defends Handling of FTX Collapse
▼ + stars: | 2022-11-28 | by ( Amrith Ramkumar | ) www.wsj.com time to read: 1 min

FTX Digital Markets Ltd. planned on building new headquarters in the Bahamas before the cryptocurrency exchange imploded. The Bahamian attorney general defended the island nation’s actions during the collapse of FTX Digital Markets Ltd. and urged patience while authorities investigate the embattled cryptocurrency exchange. In a national address late Sunday, Ryan Pinder disputed recent statements made by FTX’s new chief executive and lawyers in U.S. Bankruptcy Court questioning whether Bahamian regulators had the authority to take control of the local FTX subsidiary’s assets around the time of its bankruptcy earlier this month. He said they did have the right to do so under local laws and did so to protect customers and creditors.

☆ FTX remains focus of 'active' investigation, Bahamas attorney general says
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +3 min

Nov 27 (Reuters) - Collapsed cryptocurrency exchange FTX remains the subject of "an active and ongoing investigation" by Bahamian authorities, Bahamian Attorney General Ryan Pinder said on Sunday, as he praised the Bahamas' regulatory regime and swiftness with which it responded to the crisis. FTX, which had been among the world's largest cryptocurrency exchanges, is headquartered in the Bahamas. In mid-November, the Royal Bahamas Police said that government investigators in the Bahamas were looking at whether any "criminal misconduct occurred." read more"We are in the early stages of an active and ongoing investigation," Pinder said on Sunday, according to prepared remarks for the speech. Bahamas securities regulators had revoked FTX Digital's license and began involuntary liquidation proceedings the day before the U.S. bankruptcy case kicked off.

☆ The Bahamas has hit out at 'extremely regrettable' criticism from FTX's new CEO after the Nassau-based crypto giant collapsed
▼ + stars: | 2022-11-28 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

After FTX went bankrupt, the Bahamas suspended its license and took control of its digital assets. The Bahamas attorney general accused the FTX CEO of "inaccurate allegations" in his court filings. After the crypto exchange founded by Sam Bankman-Fried entered bankruptcy earlier in November, the Bahamas suspended FTX's license and took control of its digital assets by transferring them into a government crypto wallet. Ray is also known for acting as CEO for energy giant Enron, and handled its liquidation after accounting fraud. FTX's bankruptcy has led to calls for tighter crypto regulations from both US senators and the Bank of England.

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