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☆ Rihanna, the undisputed queen of the Meta Gala, had to drop out this year at the last minute
▼ + stars: | 2024-05-07 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +2 min

Rihanna had to drop out of the Met Gala at the last minute on Monday night. Rihanna has become the undisputed queen of Met Gala for her showstopping looks over the years. News that month that she wasn't planning an elaborate look for the 2024 Met Gala. Fans were surely hoping that Rihanna would be making another fashionably late entrance to the Met Gala when she didn't appear on Monday night. Rihanna was also the last celebrity to arrive at the 2021 Met Gala, rocking up in black couture Balenciaga coatdress.

Persons: Rihanna, —, Rihanna —, Guo Pei, Valentino, Couture, Noam Galai, Fenty Savage, I've, Theo Wargo, RZA, Rocky —, Timothy A, Clary Organizations: Service, Business, British Vogue, Hollywood

☆ Stock futures are little changed following S&P 500's best week since November: Live updates
▼ + stars: | 2024-04-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures inched higher Sunday night as the broad index came off its best week in several months. Traders are looking ahead to a week with more corporate earnings, key labor data and a Federal Reserve meeting. The S&P 500 jumped 2.7%, notching its best week since November and breaking a three-week negative streak. "However, during the past few weeks, the driver of rates has shifted from better growth tohawkish monetary policy concerns, which has been more difficult for stocks to digest." Monetary policy will take center stage later in the week, with the Fed set to release its latest interest rate announcement on Wednesday.

Persons: David Kostin, Goldman Sachs, Jerome Powell, April's nonfarm Organizations: New York Stock Exchange, Traders, Federal Reserve, Dow Jones Industrial, Nasdaq, Dow, Apple Locations: April's

☆ Long-time quant bigwig Neil Chriss is out at Paloma after just 11 months. It was a year of big hires, a restructuring, and new New York digs.
▼ + stars: | 2024-04-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chriss — who joined the long-running quant-focused multi-strategy firm in May of 2023 — is "no longer with Paloma," according to a letter sent to the firm's investors Monday. Chriss had been at Millennium for five years prior to joining Paloma and founded his own hedge fund, Hutchin Hill, in 2007. Paloma declined to comment on the rationale for his departure, and Chriss did not respond to requests for comment. But it was not all growth for Paloma while Chriss was at the helm.

Persons: —, Neil Chriss's, Paloma, Chriss —, Chriss, Donald Sussman, Ravi Singh, Goldman Sachs, Chris LaSusa, LaSusa, Steve Cohen, Shaw, Ritter Organizations: Service, Paloma, Business, Industry, Intelligence, Goldman, KCL, D.E, Capital, Ritter Alpha Locations: Hill, Greenwich, New York, Manhattan, Minnesota

☆ Selling Alphabet shares after the tech giant missed on cloud numbers is shortsighted
▼ + stars: | 2023-10-24 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

GOOGL YTD mountain Alphabet YTD Bottom line Lower-than-expected operating income for the third quarter and a Google Cloud miss dragged Alphabet shares lower by more than 6% in after-hours trading. The Google Cloud performance was particularly disappointing given the strength we saw when Microsoft (MSFT) also reported its Azure numbers on Tuesday evening. Quarterly commentary Despite the topline outperformance, seen in the earnings table above, segment sales at Google Network, Google Cloud and Other Bets came up short. Operating income and quarterly operating margin were also short of expectations as total Traffic Acquisition Costs (TAC) were marginally above expectations. Expenses in Google Cloud and Other Bets were higher than expected, and the company took charges associated with workforce and office space reductions.

Persons: Wall, Jim Cramer's, Jim Cramer, Jim, Leonardo Munoz Organizations: Google, LSEG, Microsoft, Google Services, Management, Google Network, YouTube, NFL, TAC, Capital, CNBC, View, Getty Locations: New York City

☆ The economy feels worse than it actually is because people were spoiled by the snap-back recovery after the pandemic crash
▼ + stars: | 2023-07-11 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Americans feel bad about the economy, even though data shows a booming labor market. The recovery from the pandemic recession reset everyone's expectations about what a good economy looks like. Americans are feeling bad about the economy, and some of that is likely due to inflation eating at their budgets. Consumer confidence is still low, and, as JPMorgan Asset Management chief global strategist David Kelly writes, Americans feel an "unreasonable level of gloom." In short, the things that used to make Americans feel good or bad about the economy aren't as consequential anymore.

Persons: Aaron Terrazas, Labor Julie Su, that's, David Kelly, Kelly, Terrazas, —, would've Organizations: Service, Bureau of Labor Statistics, Labor, Pew Research Center, JPMorgan Asset Management, Fed Locations: Wall, Silicon, America

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