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☆ Gina Rinehart: Australia’s richest woman seeks removal of her portrait from exhibition
▼ + stars: | 2024-05-16 | by ( Catherine Nicholls | Hilary Whiteman | ) edition.cnn.com time to read: +3 min

That certainly seems to be the case with a painting by indigenous artist Vincent Namatjira, which includes a portrait of Australia’s richest person, mining magnate Gina Rinehart. Rinehart has reportedly called for the National Gallery of Australia (NGA) to remove her portrait, one of 21 individual works that make up a single piece in Namatjira’s exhibition “Australia in Colour,” from display. The painting of Rinehart is one of 21 portraits by artist Vincent Namatjira that feature in his exhibition "Australia in Colour." Vincent NamatjiraAustralian media has reported that Rinehart approached the NGA’s director and chair to request the painting’s removal. She “remained unshakable” at the top of Forbes’ Australia’s 50 Richest list for 2024, the outlet reported in February.

Persons: Vincent Namatjira, Gina Rinehart, Rinehart, Queen Elizabeth II, Jimi Hendrix, Vincent Lingiari, Scott Morrison, “, Jackson, ” Namatjira, ”, Namatjira, Lang Hancock, She “, Forbes ’, 9News, Penelope Benton, NAVA Organizations: CNN, National Gallery of Australia, NGA, National Gallery, Hancock, Forbes, Australia’s National Association for, Visual Arts, NAVA, Gallery of Australia Locations: Australia, Canberra, American

☆ How Chris Kreider, Rangers rallied to close out Hurricanes: 5 takeaways
▼ + stars: | 2024-05-16 | by ( Arthur Staple | ) www.nytimes.com time to read: +5 min

Chris Kreider wouldn’t let the New York Rangers lose again. After losing Games 4 and 5 following a 3-0 series start, the Rangers were in trouble again Thursday, down 3-1 entering the third period. AdvertisementOn just their second power play of the game 5:11 later, Kreider tipped a waist-high shot by Artemi Panarin behind Andersen to tie it. Andersen keeps Rangers in it, tooThe biggest difference in the series was in net, as many expected. The final special teams tally for the series: The Rangers went 5-for-19 on the power play and Carolina went 2-for-21 while allowing two Rangers shorthanded goals.

Persons: Chris Kreider wouldn’t, Kreider, Frederik Andersen, Artemi Panarin, Andersen, Ryan Lindgren, Barclay Goodrow, Igor Shesterkin, Jordan Staal, Shesterkin, Andrei Svechnikov, CHRISTOPHER JAMES KREIDER 🤩, hird, rick C hallenge, rick, hort, eriod, ross, ade, ake G, kate Organizations: New York Rangers, Rangers, Eastern Conference, Carolina Hurricanes, Hurricanes, ust Locations: York, New York, ried, osh

☆ The Protests Help Trump - The New York Times
▼ + stars: | 2024-05-02 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

These days, I think a lot about Donald Trump. When the monthly economic reports come out, I think: Will this help elect Donald Trump? In the 1960s, for example, millions of young people were moved to protest the war in Vietnam, and history has vindicated their position. In 1968, Richard Nixon celebrated the “forgotten Americans — the nonshouters; the nondemonstrators” and was elected to the presidency. Far from leading to a new progressive era, the uprisings of the era were followed by what was arguably the most conservative period in American history.

Persons: Donald Trump, I’ve, —, Ronald Reagan, “, Berkeley ”, Richard Nixon, Vincent Bevins Organizations: Berkeley Locations: Israel, Gaza, Vietnam, California, Egypt, Turkey, Brazil, Ukraine, Hong Kong

☆ Retired US couple island-hopping in the Caribbean vanish from their yacht
▼ + stars: | 2024-02-25 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

US couple Kathy Brandel and Ralph Hendry disappeared while sailing off the Grenada coast. AdvertisementNick Buro and Bryan Hendry were baffled by the sudden silence from their parents, Kathy Brandel and Ralph Hendry, who had lived on a yacht for over a decade, People reports. The American couple vanished while sailing off the coast of Grenada on February 18. Ralph Hendry and Kathy Brandel are seasoned sailors who had recently completed a "Caribbean Rally" from Virginia to Antigua, The Washington Post reports. They escaped from a holding cell at South St George Police Station on February 18, 2024, the same day the American couple disappeared.

Persons: Kathy Brandel, Ralph Hendry, —, Nick Buro, Bryan Hendry, Hendry, Brandel, Grenada Pawel, Ron Mitchell, Trevor Robertson, Atiba Stanislaus —, George, Jessica Mause Organizations: Royal Grenada Police Force, Service, The Washington Post, Washington, Authorities, Coast Guard Service, South St George Police Station, Dawg Sailing Association Locations: Grenada, Virginia, Antigua, The, Grand Anse Beach, Saint Vincent, Brandel, Anse Beach, South, St Vincent, St

☆ China's Xpeng claims its latest EV model could be an industry 'game changer'
▼ + stars: | 2024-01-05 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

watch nowChinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a "game changer" for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. Xpeng's new launch comes as several domestic EV players such as Nio , Huawei and Zeekr recently revealed new electric vehicles. Stiff competitionCompetition is intensifying in the Chinese EV market, with BYD, Li Auto and Geely among the small number of players that have hit their annual sales targets. Gu is optimistic on China's EV market in 2024 despite challenges, saying that "2024 will be a very competitive year" with new model and brand launches.

Persons: Xpeng, Brian Gu, Emily Tan, Gu, Zeekr, Xpeng Xpeng, Guangdong Huitian, Li Auto, Vincent Sun, Xpeng Nio, Li, BYD, Tesla, TrendForce Organizations: CNBC, Jan, EV, Huawei, Guangdong Huitian, Li Auto Locations: China, Europe, Guangdong, U.S

☆ The little-known agriculture stocks shaping the future of alternative protein
▼ + stars: | 2023-11-25 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Not every corner of the plant-based food industry has been burned. After the boom-and-bust cycle of Beyond Meat stock, analysts have wondered what comes next for the plant-based food space. The alternative protein market Beyond Meat's struggles have left some skeptical about which companies have what it takes to meet the needs of consumers who want to avoid animal-based products for health or environmental reasons. After topping $230 per share at its highest point, Beyond Meat stock now trades below $7. There's a business argument beyond the alternative protein market that can bode well when forecasting demand, Morningstar's Goldstein said.

Persons: Kristen Owen, Oppenheimer, Morgan Stanley, Michael Canfield, FactSet, Canfield, Corteva, Morningstar, Seth Goldstein, Goldstein, Vincent Andrews, Owen, Zepbound, milks, bode, Morningstar's Goldstein, Archer, Michael Bloom Organizations: Good Food Institute, Daniels, Midland Locations: Green Plains, U.S, Green, There's

☆ There's a new CD king after bank with prior highest yield just slashed it
▼ + stars: | 2023-11-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

There's a new top dog when it comes to yields on 1-year certificates of deposit, according to an analysis by Stephens. Bread Financial now has the highest annual percentage yield for 1-year CDs among banks in Stephens' coverage at 5.6%. However, the online bank didn't reach the top by raising its APY. Instead, it was because LendingClub slashed its 1-year CD yield by 10 basis points to 5.55%, analyst Vincent Caintic said. "Online banks had already been cutting 1yr CD rates and this may likely continue as near-term rate expectations fall," Caintic said.

Persons: Stephens, LendingClub, Vincent Caintic, Caintic, What's, Austan Goolsbee, Jerome Powell, Michael Bloom, Jeff Cox Organizations: Bread, Federal Deposit Insurance Corporation, The Fed, Investors, Chicago Fed Locations: Stephens

☆ This bank just hiked its 1-year CD rate to a fresh high
▼ + stars: | 2023-10-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Stashing money in safe assets is paying off — and another bank has just hiked the yield it pays on a 1-year certificate of deposit. LendingClub bumped the annual percentage yield on its 1-year CD to 5.65%, an increase of 15 basis points. That places LendingClub's 1-year CD some 55 basis points above the median CD peer rate, according to an analysis by Stephens, and it makes the bank's offering the top-paying CD within Stephens' coverage. "Following the market now anticipating a higher for longer rate cycle, we've seen a reversal of the CD rate cuts initiated in September by a few of our online banks," he said. The upside of buying a CD is you get to lock in your rate for the duration of the time you hold the instrument.

Persons: LendingClub, Stephens, Vincent Caintic, Caintic, Banks, — CNBC's Michael Bloom Organizations: Investors, Federal Deposit Insurance Corporation

☆ This bank ended the third quarter with a bang, boosting its CD yield to 5.6%
▼ + stars: | 2023-10-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Banks that hiked yields in the final stretch of the third quarter include Bread Financial , which is now offering an annual percentage yield of 5.6% for a 1-year CD. One basis point equals one-hundredth of a percentage point. "We expect at least one more guide up from bank management teams on deposit betas as the Fed keeps rates higher for longer," wrote Morgan Stanley analyst Betsy Graseck. Those factors include competition from money market funds for depositors' dollars, and lower-yielding CDs repricing at higher rates, she added. The San Francisco Fed forecast that the last of these dollars would be depleted during the third quarter of 2023.

Persons: Stephens, Vincent Caintic, Banks, Ally Financial, Morgan Stanley, Betsy Graseck, — CNBC's Michael Bloom Organizations: Bread, Federal Reserve, Fed, Federal Reserve Bank of San, San Francisco Fed Locations: Stephens, Federal Reserve Bank of San Francisco

☆ Union Square Ventures slashed the value of 7 of its funds by 26%. Insiders say this will be the 'start of a cascade' of lower valuations for VC funds.
▼ + stars: | 2023-08-02 | by ( Ben Bergman | ) www.businessinsider.com time to read: +5 min

Union Square Ventures is widely considered to be one of the top performing venture firms of all time. USV marked down seven of its funds by nearly 26% this year, a far steeper writedown than other firms. Union Square Ventures — an early backer of Robinhood, Coinbase, and Etsy— is widely considered to be one of the top performing venture firms of all time. Venture firms are required to value their holdings at fair market value, but assessing the value of illiquid assets leaves considerable room for discretion. USV's 2004 fund returned more than $305 million in cash from a $22 million UTIMCO investment, with an IRR of 66%.

Persons: USV, —, VCs, Vincent Harrison, Combinator, Fred Wilson, Wilson Organizations: Square Ventures, Union Square Ventures, UTIMCO, University of Texas, Venture, Bay, Sequoia, Twitter, Zynga Locations: Robinhood, Texas, USV

Silicon Valley is bracing for what it fears will be an "extinction event" threatening the survival of hundreds of startups. Tom Loverro, a investor at 40-year-old Bay Area venture capital firm IVP, has been loudly warning for months on Twitter and in media interviews about a coming "mass extinction event" for startups. The total volume of venture capital investment into US startups has slumped for six consecutive quarters, according to data firm Pitchbook. Even a last-ditch slashing of the startup's prospective valuation — a "down-round," in Silicon Valley parlance — didn't whet investors' appetites. Over the past year, many startups that rely on Silicon Valley funding have been steeling themselves for the slowdown to avoid similar fates.

Persons: —, they're, Jennifer Neundorfer, That's, Tom Loverro, Loverro, Consuelo Vanderbilt, Vanderbilt, Cameron Lester, I've, Lester, Linda Ahrens, Ahrens, Unown, " Ahrens, Anna Dittrich, Plastiq, Vincent Harrison, Elad Gil, Steve Brotman, Brotman, Will Hawthorne, VC's, Mike Ryan, Pitchbook's Harrison, Sell, Hawthorne Organizations: Ventures, Sequoia Capital, —, Venture, Twitter, United States Federal Reserve, Jefferies, January Ventures, Alpha Partners, Avid Capital, Sugar, Menlo, BulletPoint Network Locations: Silicon, Sequoia, IVP, Valley, Instacart, Navan, Boston, Snowflake, America

☆ News outlets go all in on missing Titanic submersible. But have they gone overboard in coverage?
▼ + stars: | 2023-06-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

It melds elements of mystery and humanity with a dose of high drama as rescuers race against time in their frantic search for a missing vessel with five souls aboard. Should a missing tourism vessel for the ultra-wealthy take precedence over other consequential stories happening around the world? While the press took heat for around-the-clock coverage of MH370, the tragedy was arguably far more worthy of coverage. And yet, the disaster did not inspire a level of coverage close to what major news organizations have devoted to the ocean submersible. Eric Deggans, NPR’s media critic and an adjunct instructor at Duke University, conceded that the coverage of the Titanic vessel has perhaps been over-torqued in recent days.

Persons: CNN —, Samuel Freedman, ” Freedman, Trump, Vincent Browne, Ylva Johansson, hasn’t, ” Alex Shephard, it’s, ”, ” Shephard, Eric Deggans, ” Deggans, Deggans Organizations: CNN, Columbia Journalism School, Malaysian, European Union, The New, Duke University Locations: Ukraine, Europe, Greece, The New Republic

☆ 'One of a kind': Australians pay tribute to 'icon' Barry Humphries
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

[1/4] Australia's Barry Humphries poses after receiving his Most Excellent Order of the British Empire from the Queen at Buckingham Palace, London October 10, 2007. REUTERS/Steve Parsons/Pool/File PhotoSYDNEY, April 23 (Reuters) - Australians have paid tribute to Barry Humphries, the comedian best known for his character Dame Edna Everage, as both a "one-of-a-kind" entertainer and a charming and intelligent man. The Sydney Morning Herald said Humphries died on Saturday at St Vincent’s Hospital in Sydney, where he had been treated for various health issues. Another Sydneysider, Lucy Bloom, said it felt like the character of Dame Edna would never come to an end. "Barry Humphries entertained us through a galaxy of personas, from Dame Edna to Sandy Stone.

☆ Barry Humphries, creator of Dame Edna, dies at 89
▼ + stars: | 2023-04-22 | by ( Byron Kaye | ) www.reuters.com time to read: +5 min

April 22 (Reuters) - Barry Humphries, the comedian best known for his character Dame Edna Everage who blossomed from an Australian suburban housewife into a self-described gigastar, died on Saturday. The Sydney Morning Herald said Humphries died at St Vincent’s Hospital in Sydney, where he had been treated for various health issues. It was the character of Dame Edna who made Humphries famous. "Edna has this way of doing things, it seems to take the curse off it," Humphries told Reuters in 1998. That changed in 2000, when he was 66, and his "Dame Edna: The Royal Tour" on Broadway earned him a Tony award and role in the sitcom "Ally McBeal".

☆ Tax refunds are lower this year, but these stocks could be winners as a result, Stephens found
▼ + stars: | 2023-03-31 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Tax refunds are smaller this year, which is bad news for consumers – but positive news for some lenders, according to Stephens. Tax Day looms, with federal income tax returns due on April 18. Smaller tax refunds – and reduced consumer bank balances – could bode well for a handful of unsecured lenders. "If we were to pick one, lower tax refunds are more positive for FirstCash," he said. OneMain Financial is another stock that Caintic highlighted as a potential beneficiary of lower tax refunds.

☆ Resist the urge to hide in cash. How to boost the yield in your portfolio, according to UBS
▼ + stars: | 2023-03-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

It may seem like second nature to hide out in cash during these volatile markets, but investors ought to snap up bonds while the getting's still good in yields, according to UBS. The central bank's policy tightening has had the upshot of boosting yields on bonds, certificates of deposit and other fixed-income instruments. "Cash deposits have become more appealing to many investors as central banks have tightened," wrote UBS strategist Vincent Heaney in a Thursday report. He noted that a balanced portfolio – one that's 60% allocated toward stocks and 40% allocated toward bonds – beats cash about 80% of the time over a five-year period. That's not to say that investors should redeploy all their cash into bonds immediately.

☆ Russian jet's collision with a US drone shows Russia may have a fighter pilot 'problem,' former US aviators say
▼ + stars: | 2023-03-16 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

A Russian fighter jet collided with an American drone this week after harassing it. The collision was likely unintentional, and former US naval aviators say that it could point to problems with Russian fighter pilots. A State Department official said it "probably was the result of profound incompetence on the part of one of these Russian pilots." Russian military failures in Ukraine have altered this view, he continued, "and now, you've got something like this." Charles Larkin Sr./US Air Force via AP"The tactical portion here is that poor training or poor decision making by a Russian pilot caused a collision," Snodgrass said.

"It's going to take some time" for disinflation to spread through the economy, Powell said in a news conference following the Fed's latest quarter-point interest rate increase. He said he expects a couple more rate hikes still to go, and, "given our outlook, I just I don't see us cutting rates this year." Rate cuts, they expect, will start in September - a view Powell said Wednesday is driven by the expectation of fast-receding inflation. Since the 1990s, the interlude between rate hikes and rate cuts has varied from as long as 18 months in 1997-1998 to as short as five months in 1995. The Fed, Powell said Wednesday, cannot risk doing too little.

☆ Top Wall Street analysts like these stocks for maximum returns
▼ + stars: | 2023-01-29 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To ease the process, here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performances. Nonetheless, Monness, Crespi, Hardt, & Co. analyst Brian White expects the results to be in line with his expectations. (See Alphabet Blogger Opinions & Sentiment on TipRanks) White reiterated a buy rating on the stock with a price target of $135. Feinseth's convictions can be trusted, given his 185th position among nearly 8,300 analysts in the TipRanks database. This apart, his track of 63% profitable ratings, each rating delivering 12.1% average returns, is also worth considering.

☆ China rolls out first inhalable COVID vaccine
▼ + stars: | 2022-10-28 | by ( Casey Hall | ) www.reuters.com time to read: +3 min

Chinese regulators approved the vaccine, produced by Chinese pharmaceutical firm CanSino Biologics (6185.HK), for use as a booster in September. His hospital is among those administering the new vaccine, which will be used as well as regular injected shots. The country has relied on domestically produced, inactivated shots and has yet to import, or introduce its own version, of an mRNA vaccine. Loh is hopeful that results from Shanghai's foray into inhaled vaccines will encourage other countries to follow suit. "I think inhaled vaccines for respiratory illness like COVID-19 will be the future," he said.

☆ Former J. Crew chief Jenna Lyons to join 'Real Housewives of New York City' cast
▼ + stars: | 2022-10-17 | by ( Zachary Schermele | ) www.nbcnews.com time to read: +3 min

Jenna Lyons, the New York City fashion designer who was famously outed by the New York Post over a decade ago, will join the cast of “The Real Housewives of New York City” next year for the show’s 14th season. Lyons will be the first queer housewife to join the franchise’s New York City series as one of its seven new cast members. Their romantic relationship was revealed by the New York Post after someone spotted Lyons and Crangi at a New York restaurant amid Lyons’ divorce. The New York Post was asking if she would like to confirm or deny that she was “seeing a woman,” they said. GLAAD, the world’s largest LGBTQ media advocacy organization, praised the decision to cast Lyons.

☆ Wall Street’s top analysts bet on these stocks as economic uncertainty increases
▼ + stars: | 2022-09-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To that end, here are five stocks chosen by top Wall Street pros, according to TipRanks, a platform that ranks analysts based on their performance history. White has a track record of a 57% success rate on his ratings, each rating generating average returns of 11%. EQT CorporationThe growing demand for natural gas as an energy source is driving growth at EQT Corporation (EQT). (See Broadcom Stock Investors on TipRanks) The analyst believes that the acquisition will significantly drive Broadcom's earnings per share. 128 among around 8,000 analysts on TipRanks, Rakesh has had success with 57% of his ratings.

☆ Factbox: World leaders to attend Queen Elizabeth's funeral
▼ + stars: | 2022-09-12 | by ( ) www.reuters.com time to read: +6 min

Canadian Prime minister Justin Trudeau and Sophie Gregoire Trudeau attend the funeral of Her Majesty Queen Elizabeth II in Westminster Abbey. Jack Hill/Pool via REUTERSRegister now for FREE unlimited access to Reuters.com RegisterLONDON, Sept 19 (Reuters) - Queen Elizabeth's state funeral will take place in London on Monday and a host of world leaders, royalty and other dignitaries will attend. Countries that have not been invited include Syria and Venezuela because London does not have normal diplomatic relations with those states. Britain has also not invited representatives from Russia, Belarus or Myanmar after it imposed economic sanctions on those countries. Related ContentFactbox: Plans for Queen Elizabeth's state funeral on MondayFactbox: Comments from crowds in London on Queen ElizabethFactbox: World leaders to attend Queen Elizabeth's funeralFactbox: Order of service for Queen Elizabeth's state funeralWindsor Castle, Queen Elizabeth's home and now final resting placeWestminster Abbey - traditional church for royals in life and death(This story was refiled to correct spelling of first name of Belize governor general)Register now for FREE unlimited access to Reuters.com RegisterCompiled by Farouq Suleiman and Kate Holton Editing by Deepa Babington and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

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