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☆ Stocks making the biggest premarket moves: Berkshire Hathaway, Paramount, Spirit Air, Victoria's Secret and more
▼ + stars: | 2024-05-06 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Paramount — Shares popped 2.4% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo. Morgan Stanley downgraded Victoria's Secret to underweight and cut its price target, citing expectations for negative EPS revisions and a tough second half for specialty retail. EHang Holdings — The autonomous aircraft stock advanced 3.2% on the heels of a bullish initiation of research coverage from Morgan Stanley. United States Steel — Shares of the Pittsburgh-based steelmaker rose more than 2% after Morgan Stanley upgraded it to overweight from equal weight. U.S. Steel shares have room to rise thanks to internal improvements, even if the Nippon Steel buyout deal collapses, Morgan Stanley said in a note.

Persons: Warren Buffett, Li, Tyson, Howard Shultz, Morgan Stanley, Coinbase, Bausch, Johnson, —, Sarah Min, Tanaya Macheel, Jesse Pound, Michelle Fox, Samantha Subin Organizations: Berkshire Hathaway, Paramount, Paramount Pictures, CBS Entertainment Group, Sony Pictures Entertainment, Spirit Airlines, Li Auto, StreetAccount, Starbucks, EHang Holdings, United States Steel, . Steel, Nippon Steel, Barclays, UBS Locations: Berkshire, China, Pittsburgh

☆ Starbucks has 'a branding issue' due to social media, says BofA's Sara Senatore
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks has 'a branding issue' due to social media, says BofA's Sara SenatoreSara Senatore, Bank of America senior restaurant analyst, joins CNBC's 'The Exchange' to discuss the demand from former Starbucks CEO Howard Shultz for a company revamp, how the coffee chain can improve operations, and more.

Persons: BofA's Sara Senatore Sara Senatore, Howard Shultz Organizations: Bank of America

☆ A millennial with side hustles as a startup founder booking 6 figures and a professional dancer shares her tips for balancing both
▼ + stars: | 2024-04-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

Danielle Shultz is a professional dancer and runs her own corporate wellness business. Her business, Triangle Sessions, has landed contracts with Google, Meta, and Deloitte. She also runs her startup Triangle Sessions, which offers corporate wellness and team-building events. When she's not at dance rehearsal, Shultz teaches Triangle Sessions classes on topics like relaxation and terrarium building. Danielle Shultz, 36, is a dancer with The Metropolitan Opera and runs her own corporate wellness business.

Persons: Danielle Shultz, Shultz, —, Zers, Bankrate —, she's, I've, Robert Nickelsberg, It's, Schulz Organizations: Triangle, Google, Deloitte, Service, Metropolitan Opera, YouGov, Triangle Sessions, The, Sessions Locations: Philadelphia, New York City, York

☆ Can We Still Beat Inflation With a Soft Landing? - The New York Times
▼ + stars: | 2024-03-12 | by ( Paul Krugman | ) www.nytimes.com time to read: 1 min

Way back in 1973, America was experiencing a troubling rise in inflation. But George Shultz, the Treasury secretary at the time, suggested that the problem would be transitory — that the economy could have a “soft landing.”It didn’t. The 1970s were infamously a decade of stagflation, and inflation was finally brought under control in the 1980s only via tight money policies that caused years of very high unemployment. So President Biden was tempting fate a bit when he declared in the State of the Union address that “the landing is and will be soft.” But he’s almost surely right.

Persons: George Shultz, Biden Locations: America, State

☆ Russian assault forces varied wildly in the battle for Avdiivka, from well-trained to 'just confused,' Ukrainian soldiers say
▼ + stars: | 2024-03-04 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Ukrainian soldiers report inconsistent training and combat abilities in Russian troops. Despite the ineffectiveness of poorly trained troops, these waves can strain Ukrainian defenders. Advertisement"Russian forces likely used poorly trained personnel to carry out mass daily attacks on Ukrainian positions and employed trained personnel with better equipment to assault specific positions after exhausting Ukrainian forces," they said. ISW experts say it's also possible that Russia used "Storm" units, penal units made up of convicts, in Avdiivka. Given that these convicts are poorly trained for battle, experts have also noted they are usually ineffective and these units provide "marginal combat power."

Persons: —, Shultz, it's, Wagner, ISW, 3rd Brigade Mykola Zynkevych's Organizations: Service, Washington Post, 3rd Assault Brigade, National Security, Institute for, 2nd Assault Battalion, 3rd Brigade Locations: Avdiivka, Ukrainian, Russia

☆ Scientists are building tunnels under South Dakota for a $3 billion experiment that could solve some of the universe's grandest mysteries
▼ + stars: | 2024-02-29 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

Estimated to cost at least $3 billion, the project DUNE (Deep Underground Neutrino Experiment), is led by scientists at the US Department of Energy's Fermilab. AdvertisementCavern excavation at the Sanford Underground Research Facility in South Dakota began in 2017. The beam will then travel underground for 800 miles to the detectors at the South Dakota Sanford Underground Research Facility. The Sanford Underground Research Facility is located at a former gold mine. Stephen Kenny, Sanford Underground Research FacilityIn 1987, astronomers witnessed a bright supernova exploding closer than any had in about 400 years.

Persons: —, Mary Bishai, Reidar Hahn, Bishai, Matthew Kapust, Stephen Kenny, Maximilien Brice, Albert Einstein's, Jim Shultz, It's Organizations: Service, US Department of Energy's Fermilab, Sanford Underground Research, South Dakota Researchers, Fermilab, South Dakota Sanford Underground Research, CERN, Japan Proton Accelerator Research, PARC, European Organization for Nuclear Research, Scientific Locations: Illinois, South Dakota, Chicago , Illinois, Minnesota, Fermilab, South

☆ Big Tech has long avoided responsibility for online content. Generative AI could end that.
▼ + stars: | 2023-12-18 | by ( Kali Hays | ) www.businessinsider.com time to read: +8 min

For decades, Big Tech companies have avoided responsibility for anything posted on their platforms. Generative AI is about to end this prized legal protection. Meta, Google, Microsoft, Amazon and even Apple have spent the last year rushing to roll out generative AI tools and models to compete with OpenAI. Generative AI models and tools, however, are developed, owned and operated by Big Tech companies. Otherwise, by creating generative AI tools and providing the outputs, Chander sees few ways a tech company will be able to refute its role in generative AI content.

Persons: Meta, Bard, Mark Zuckerberg, what's, Aziz Huq, Anupam Chander, Chander, Huq, they've, Jason Schultz, It's, Schultz, " Shultz, Kali Hays Organizations: Big Tech, Google, Microsoft, Apple, Facebook, Business, Meta, University of Chicago's Law School, Georgetown Law, Institute, Rebooting Social Media, Harvard University, NYU Law, Technology Law, Policy Clinic, Twitter Locations: khays@insider.com, @hayskali

☆ Henry Kissinger's puzzling connection to disgraced Theranos founder Elizabeth Holmes
▼ + stars: | 2023-12-01 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Kissinger's business dealings included close involvement with Theranos and Elizabeth Holmes. Once a board member at Theranos, he invested $3 million and recruited others who also opened up their wallets. AdvertisementFormer US Secretary of State Henry Kissinger's troubled legacy includes his involvement with failed blood-testing startup Theranos and its now-imprisoned founder, Elizabeth Holmes. Federal agencies ran investigations into Theranos, and in 2018, Holmes stepped down as CEO and the startup later shuttered. "When I was introduced to Elizabeth by George Shultz, her plan sounded like an undergraduate's dream," he wrote, referring to the former Secretary of State and Theranos board member.

Persons: Henry Kissinger, Theranos, Elizabeth Holmes, —, Henry Kissinger's, Kissinger, State George Shultz, William Perry, Sam Nunn, Richard Kovacevich, William H, Daniel Mosley, Holmes, Cox, Walton, Elizabeth, George Shultz Organizations: Service, State, Wells, Wall Street, Federal Locations: Theranos, Connecticut, Silicon, Bryan , Texas

☆ Henry Kissinger, the towering American diplomat, dies at age 100
▼ + stars: | 2023-11-29 | by ( Marty Steinberg | ) www.cnbc.com time to read: +25 min

President Gerald Ford (left) and Secretary of State Henry Kissinger talk together in the Oval Office, February 19, 1975. In his 2001 book "The Trial of Henry Kissinger," social critic Christopher Hitchens called him a war criminal. North Vietnam's Le Duc Tho (left) and US National Security Advisor Henry Kissinger at the Paris peace talks, January 1973. Chairman Zedong of the People's Republic of China meets U. S. Secretary of State Henry Kissinger on Nov. 12, 1973. On a helicopter during the period of shuttle diplomacy in the Middle East, Henry Kissinger talks to his wife, Nancy.

Persons: Henry Kissinger, —, Richard Nixon's, Kissinger, Richard Nixon, Richard Corkery, Duc Tho, Gerald Ford, Benjamin E, Ford, Warren Burger, Kissinger's, Paula, Gene, Forte, Seymour M, Hersh bashed Kissinger, Walter Isaacson's, Christopher Hitchens, Greg Grandin, Niall Ferguson, Kant, Clausewitz, Bismarck, Barry Gewen, Gewen, Elizabeth Holmes, Nixon, George Shultz, Holmes, Heinz Alfred Kissinger, Louis, Walter, Hitler, Kissingers, Fritz Kraemer, William Yandell Elliott, Spengler, Toynbee, Metternich, Castlereagh, Alfred Eisenstaedt, Mike Wallace, Wallace, Kennedy, Johnson, Republican Nelson Rockefeller, George Romney, Hubert Humphrey, Democratic Sen, George McGovern, McGovern, Nguyen Van Thieu, Reg Lancaster, Tho, Thieu, Mao, Gen, Agha Muhammad Yahya Khan, Nicolae Ceausescu, Zhou Enlai, Leonid Brezhnev, Andrei Gromyko, Dirck, Sen, Henry Jackson, Charles Vanik, Brezhnev, Spiro Agnew, Archibald Cox, Cox, Robert Bork, White, Alexander Haig, Anwar Sadat, David Hume Kennerly, Marxist Salvador Allende Gossens, Fidel Castro's, Martin Bernetti, Allende, Augusto Pinochet Ugarte, Pinochet, Ann Fleischer, Elizabeth, David, Nancy Maginnes, Rockefeller, Jill St, John, Candice Bergen, Shirley MacLaine, Liv Ullman, Diane Sawyer, , Napoleon, Nancy, David Rubinger, Maginnes, Moshe Dayan, Robert Dallek, Nixon's, Bob Woodward, Carl Bernstein, Paula Kissinger, Brooks Kraft Organizations: Gould, Kissinger Associates, National Security, Waldorf, Astoria, Richard Corkery | New York Daily, Forte, Soviets, State, Chief, New York, Theranos Inc, Economic, Nuremberg, George Washington High School, City College of New, Army, 84th Infantry Division, U.S ., Hesse . Harvard, Harvard, Confluence, Foreign, Eisenhower, Republican, Republican National Convention, Rockefeller and Michigan Gov, Democratic, District of Columbia, US National Security, Getty, Paris Peace, North, Nationalist, China, Bettmann, East Pakistan, of, U.S, Soviet Union ., Ballistic, Soviet, Washington, Egyptian Third Army, Department, West, Marxist, Museum, AFP, CIA, Israeli, Southern California Quaker, White, Partners, Power Locations: New York City, U.S, Connecticut, Richard Corkery | New, United States, Vietnam, Saigon, Viet, Soviet Union, Communist China, Israel, Egypt, Syria, Chile, Pakistan, Theranos, Ukraine, Russia, Davos, Switzerland, Fuerth, Germany, Bavarian, American, Nazi Germany, London, New York, City College of New York, Ahlem, Hanover, German, Krefeld, Hesse, Cambodia, Massachusetts, Haiphong, Paris, North, China, Washington, Taiwan, People's Republic of China, Beijing, Moscow, India, East, Bangladesh, Shanghai, USSR, Soviet, Kremlin, Dirck Halstead, Ohio, Saudi, Japan, Sinai, Alexandria, Cairo, Suez, Americas, Santiago, Cuba, Chilean, America, Europe, Virginia, Southern California

☆ The bill to arm Israel and Ukraine could be the last great fight of Biden's political life
▼ + stars: | 2023-10-20 | by ( Walt Hickey | ) www.businessinsider.com time to read: +8 min

Biden has little chance of passing ambitious legislation given the state of Congress, and faces a tough election. After decades of service in Washington, much of it on the Senate Foreign Relations Committee, Israel and Ukraine will define his legacy. In this July 13, 1982, file photo Secretary of State designate George Shultz, right, speaks with members of the Senate Foreign Relations Committee. AP Photo/Ira Schwarz, FileBiden's legacy was already strongly linked to foreign policy. If there is a bipartisan coalition that exists within the US Congress, Israel policy and Ukraine policy might very well be it.

Persons: Biden, —, Joe Biden, he'll, there's, George Shultz, Sen, Joseph Biden, Charles Percy, Edward Zorinsky, Ira Schwarz, Madeline Albright's, he'd, Vladimir Putin, Kevin McCarthy, J, Scott Applewhite, he's, Bob Menendez, it's, Susan Walsh, That's, what's, Benjamin Netanyahu, Miriam Alster, Obama, Harris Organizations: Senate Foreign Relations Committee, Service, Senate Foreign Relations, AP, Senate Foreign, State, Senate, Capitol, Republican, Democratic, Republicans, GOP, White House, Israeli, Hamas, Biden, Ukraine Locations: Washington, Israel, Ukraine, Eastern Europe, Russia, Arizona, United States, Republican, Democratic, Tel Aviv

☆ Silicon Valley CEO gets 8-year prison sentence in case over blood-testing company that gives off Elizabeth Holmes-Theranos vibes
▼ + stars: | 2023-10-19 | by ( Associated Press | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The CEO of medical testing company Arrayit was sentenced to 8 years in prison on Wednesday. Schena's case is similar to Elizabeth Holmes', who was sentenced to prison for defrauding investors in Theranos. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In meetings with investors, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit could be valued at $4.5 billion, prosecutors said.

Persons: Arrayit, Elizabeth Holmes, —, Mark Schena, Schena, Holmes, State Henry Kissinger, George Shultz, Richard Kovacevich, William H, Foege, San Organizations: Service, US Department of Justice, Arrayit Corporation, Stanford University, SEC, State, Wells, Centers for Disease Control Locations: Theranos, Sunnyvale , California, San Jose , California, Texas

☆ The Art of Getting Work Done on a Plane (Or Not, and Feeling Fine About It)
▼ + stars: | 2023-09-13 | by ( Matthew Kronsberg | ) www.wsj.com time to read: 1 min

BUCKLE UP, BUCKLE DOWN For some, airplanes are the rare, distraction-free environment ideal for getting to Inbox Zero. Illustration: Josie NortonFOR CASEY SHULTZ, the best workspace on Earth…isn’t. “I am at peak productivity on an airplane,” said the impact investor from Saint Paul, Minn. A flight helps her tackle onerous tasks that she struggles to find time for on the ground, like getting to the mythical Inbox Zero.

Persons: Josie Norton, CASEY SHULTZ, “, ” Locations: Saint Paul, Minn

☆ Opinion | Mark Meadows Is a Warning About a Second Trump Term
▼ + stars: | 2023-08-31 | by ( Chris Whipple | ) www.nytimes.com time to read: +3 min

But the crimes Mr. Meadows is accused of are orders of magnitude greater than those of his predecessors. Mr. Meadows didn’t just act as a doormat to President Trump; he seemed to let everyone have his or her way. This made no sense, but it was just the way Mr. Meadows rolled. As part of the efforts to subvert the 2020 election, Mr. Meadows paraded a cast of incompetent bootlickers into the Oval Office. All the while, the indictment shows that Mr. Meadows was sharing lighthearted remarks about claims of widespread voter fraud.

Persons: Meadows, Nixon’s, —, Trump, Chris Liddell, Joe Biden, Trump’s, bootlickers, Rudy Giuliani, Eric Herschmann, Biden, Mr, Giuliani, Herschmann, Rudy, he’s, Ronald Reagan, James A, Baker III, Reagan’s, who’d, Baker barged, ”, He’s, ” Mr, George Shultz, he’d, Reagan Organizations: White House, White Locations: Cobb County ,, United States

☆ A former Obama aide who advised Succession writers on their chaotic presidential election outcome hopes 'that ultimately, life does not imitate art'
▼ + stars: | 2023-08-29 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Schultz wrote about how he helped craft the show's fictional presidential election. A former Obama White House aide who worked with writers on crafting the chaotic end to the show's fictional presidential election expressed hope that the brief chapter in the Roys' saga doesn't become real life. "With Succession, I can only hope we didn't predict the future and that, ultimately, life does not imitate art." Roman Roy, played by Kieran Culkin, teases his sister Shiv by saying "False Flag" repeatedly when she raises the possibility of a pro-Mencken plot. AdvertisementAdvertisement"So much for my political expertise," Schultz wrote of how he dismissed concerns about arson in actual political circles.

Persons: Eric Schultz, Schultz, doesn't, fixating, Eric Shultz, Jeryd Mencken, Kendall, Roman Roy, Jesse Armstrong, Armstrong, Darwin Perry, Adam Godley, Kieran Culkin, Shiv, Mencken, Politico's Zach Montellaro, Donald Trump, Mike Pence Organizations: HBO's, Service, Obama White House, White, Hollywood, HBO, Republican, ATN, Democratic, Electoral College Locations: Wall, Silicon, Milwaukee

☆ The Texas town where James Byrd Jr. was dragged to his death in 1998, sparking national outrage and new federal hate crime legislation, wants to 'move on'
▼ + stars: | 2023-08-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

People in Jasper are in many ways still dealing with the aftermath of James Byrd Jr.'s 1998 murder. Louvon Byrd Harris, Byrd's younger sister, told The Post that many people simply "want to forget what happened." A section of Huff Creek Road in Jasper, Texas, where James Byrd Jr., was dragged to his death. While Byrd's murder prompted the Texas legislature's 2001 passage of the James Byrd Jr. Hate Crimes Act, along with the Matthew Shepard and James Byrd Jr.

Persons: James Byrd Jr, Byrd's, Byrd, George Floyd's, haven't, Louvon Byrd Harris, Poor Jasper, David Shultz, Jasper, Anderson, Juan Lozano, Betty Lane, Matthew Shepard, Tod Lawlis Organizations: Post, Service, Washington, Lone Star State, Historical Museum, Jasper City Council, Anderson Land, AP, Congress, Byrd Foundation, Racial, Byrd Locations: Jasper, Wall, Silicon, East Texas, Minneapolis, Huff, Jasper , Texas, Texas, Austin

☆ The Orlando Magic, an NBA team sponsored by Disney, donated $50,000 to Ron DeSantis' super PAC
▼ + stars: | 2023-08-01 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

The Orlando Magic is currently sponsored by Disney. The team just donated $50,000 to the super PAC supporting DeSantis' presidential campaign. A representative from the Orlando Magic told Insider the company does not "publicly comment on political contributions." The Orlando Magic donated $50,000 to DeSantis' super PAC while also taking in sponsorship money from Disney, a corporation that DeSantis and his state administration have been headbutting with in a yearslong feud after Disney pushed back against what critics called his "Don't Say Gay" legislation. As part of a "multi-year agreement" with Disney, the Orlando Magic team jersey prominently sports a 2.5 in x 2.5 in Disney logo on the front of their uniform.

Persons: Ron DeSantis, DeSantis, Paolo Banchero, Alex Shultz, it's, Richard DeVos, Donald Trump's, Betsy DeVos, It's, Dan DeVos Organizations: Orlando, Disney, Florida Gov, Service, NBA, Republican Florida Gov, Federal, DeSantis, Orlando Magic, SFGATE, Democratic House, Maverick, USA, Conservative, National Republican Locations: Wall, Silicon, Florida

☆ All-cash homebuyers are becoming 'disruptive' to the housing market
▼ + stars: | 2023-06-08 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

As for the cash buyers who can pay in full without taking out a mortgage, their power has only increased. In April, cash buyers represented 33.4% of transactions, far above levels hovering around 25% for most of the past decade. The data is the latest sign that cash buyers are clashing with borrowers more than ever. "Cash offers used to be an occasional nuisance and now they're becoming disruptive" to the market, said Debra Shultz, a vice president of mortgage lending at CrossCountry Mortgage. At each turn, he lost them either because he'd been outbid, or because the seller went with a cash offer, she said.

Persons: Redfin, Cash, —, homebuyers begrudgingly, Debra Shultz, Shultz, he'd, Deanna Kory, Kory, she's Organizations: Service, CrossCountry Mortgage, Corcoran Group Locations: New York City, Manhattan, In New York City

☆ How Elizabeth Holmes convinced powerful men like Henry Kissinger, James Mattis, and George Shultz to sit on the board of Theranos
▼ + stars: | 2023-06-02 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +6 min

The reporters spoke with board members, who explained why they backed founder Elizabeth Holmes. Holmes' board going into the scandal included an unusual roster of names for a healthcare startup, with leaders who had more experience in politics and government than healthcare. For the most part, the board members seemed to be taken by Holmes and her vision. "Secretary Mattis was struck by the promise of technology and was looking for any technology solution to save lives on the battlefield," White said. Auletta in the documentary said the board members spoke about Holmes as if she were a visionary.

Persons: Theranos, Alex Gibney, Elizabeth Holmes, Holmes, John Carreyrou, Sunny Balwani, Balwani, George Shultz, Shultz, Gary Roughead, William Perry, Sam Nunn, James Mattis, Donald Trump's, Richard Kovacevich, Wells Fargo Henry Kissinger, William Frist, William H, Foege, Riley, Bechtel, Kissinger, Mattis, Ken Auletta, David Boies, Auletta, Axios, Dana White, White, Beethoven, Roger Parloff, he's, Parloff Organizations: Morning, Food and Drug Administration, Wall Street, US, US Marine Corps, Centers for Disease Control, Bechtel Group Inc, New, Mattis, Theranos, Securities and Exchange Commission, Fortune Locations: Texas, California, Silicon Valley

☆ Liz Holmes Wants You to Forget About Elizabeth
▼ + stars: | 2023-05-07 | by ( Amy Chozick | ) www.nytimes.com time to read: +3 min

Ms. Holmes said she believed that making herself the poster girl for women in tech put a huge target on her back. “I’m still thinking about the journalists being intimidated,” Ms. Holmes said after we’d moved on to several other topics. This kind of misguided talk is the one consistent thread in my reporting on who Ms. Holmes really is. In the waning days of Theranos, Ms. Holmes got a dog, a Siberian husky named Balto. It’s the same way Ms. Holmes kept hanging on at Theranos.

☆ How two of North America's richest families came together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp., Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Why two of North America's richest families are coming together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp, Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Evangelicals say Ron DeSantis is threatening religious liberty with his support for a bill that criminalizes aid for immigrants
▼ + stars: | 2023-03-31 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

A group of Florida evangelicals on Thursday criticized a bill that criminalizes the transport of migrants. Ron DeSantis and Florida Republicans to make it a felony to knowingly transport an undocumented immigrant, calling it a potentially dangerous infringement on religious liberty. Violators could be charged with a second-degree felony under the bill, which in Florida is punishable by up to 15 years in prison. Another church leader suggested DeSantis and other Republicans were playing politics — but confusing evangelical support for the rule of law with backing for punitive measures targeting vulnerable immigrants. It's not the first time religious leaders have clashed with DeSantis, who has styled himself a warrior for the Christian faith.

☆ Meet Laxman Narasimhan, a coffee industry outsider who just took over as CEO of Starbucks
▼ + stars: | 2023-03-20 | by ( Avery Hartmans | Nancy Luna | ) www.businessinsider.com time to read: +6 min

Laxman Narasimhan officially took over as Starbucks CEO, replacing Howard Schultz. Narasimhan is new to the coffee industry, having started his career in the consulting world before joining PepsiCo, and, later, British consumer goods company Reckitt Benckiser. Narasimhan built his career in the beverage and consumer-goods industriesLaxman Narasimhan at Starbucks Investor Day in September 2022. Starbucks said at the time that Narasimhan would begin as CEO on April 1, taking over for interim CEO Schultz. Of the 365 Starbucks stores that have held votes to unionize, 292 have voted to form a union.

☆ Prosecutor appointed by Trump Justice Department used claims from Russian intelligence to obtain emails from a George Soros aide: NYT
▼ + stars: | 2023-01-26 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

John Durham used Russian intelligence claims to obtain a US citizen's emails, per The New York Times. Durham was appointed by former Attorney General Bill Barr to examine the origins of the Trump-Russia investigation. But Durham pursued a dubious claim from Russia involving Hillary Clinton and an aide to George Soros. They "were said to make demonstrably inconsistent, inaccurate or exaggerated claims," the Times reported, "and some US analysts believed Russia may have deliberately seeded them with disinformation." As Russian intelligence analysts themselves had told it, Moscow had hacked Leonard Benardo, executive vice president of Soros' Open Society Foundations, and in doing so uncovered a plot at the highest level to sway the 2016 election.

☆ 9 things about sharks you saw in movies that are actually wrong, according to an expert
▼ + stars: | 2023-01-12 | by ( Marianne Guenot | Margaret Guzman | ) www.businessinsider.com time to read: +10 min

Here are facts that "Jaws," "Finding Nemo," and "The Meg" got wrong — and one that's right. NOAA fisheriesIt's those scales that make the shark nose the wrong target for a sucker punch. When Dory hits her nose, her blood goes straight into the shark's nose. So "Finding Nemo" hit the nail on the head when they showed blood actually going into the shark's nose, she said. Gerard Soury/Getty ImagesSharks in "Finding Nemo" might want to fight their urges to eat fish, but it's not in their nature.

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