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☆ Reddit shares plunge almost 25% in two days, finish the week below first day close
▼ + stars: | 2024-03-28 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Reddit shares are plummeting after experiencing a rally stemming from the social media company's IPO last week. Shares closed at $49.32, ending the week below their closing price on Reddit's first day of trading on the New York Stock Exchange. Reddit shares began their downward spiral on Wednesday, when they sank about 11% to $57.75 at market close. Meanwhile, Reddit Chief Operating Officer Jennifer Wong disclosed that she sold 514,000 shares and now holds 1.4 million of the company's shares. The company's shares then rose 8.8% on Tuesday to close at $65.11, even after New Street Research issued a neutral rating on the company.

Persons: Reddit, Steve Huffman, Ben Silverman, Verity, Jennifer Wong, Silverman, It's Organizations: New York Stock Exchange, Stock, Bloomberg News, CNBC, New, Research, New Street Research Locations: New York City

Cadre Holdings CEO Warren Kanders sold $50.3 million worth of stock. Ares Management CEO Michael Arougheti sold $32.7 million worth of stock. Cadence Design Systems CEO Anirudh Devgan sold $14.7 million worth of stock. AppLovin CFO Herald Chen sold about $9.5 million worth of stock. Cleanspark CEO Zachary Bradford sold nearly $9 million worth of stock.

Persons: Michael Dell, Verity Data, Mark Zuckerberg, Chan Zuckerberg, Zuckerberg, Priscilla Chan, Warren Kanders, Kanders, Jayshree Ullal, Michael Arougheti, Sytse Sijbrandij, Sijbrandij, Anirudh Devgan, Aneel Zaman, Herald Chen, Zachary Bradford Organizations: Dell Technologies, Dell, DELL, Securities and Exchange Commission, Chan Zuckerberg Initiative, Facebook, Cadre, VerityData, Arista Networks, Ares Management, Cadence Design, Herald Locations: 10b5

☆ Insider selling activity over next month 'crucial' to gauge caution, says Verity's Ben Silverman
▼ + stars: | 2024-02-21 | 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 EmailInsider selling activity over next month 'crucial' to gauge caution, says Verity's Ben SilvermanBen Silverman, Verity Platform, joins 'Fast Money' to talk insider selling trends among the ultra wealthy and mega cap tech.

Persons: Verity's Ben Silverman Ben Silverman, Verity

Executives at New York Community Bancorp are betting with their own money that they can turn the regional lender's fortunes around. According to securities filings compiled by Verity Data, seven insiders at the troubled bank have bought NYCB shares this week. The biggest buy came from director Peter Schoels, who scooped up 100,000 shares . NYCB 1M mountain Shares of NYCB have been cut in half since late January. Shares of NYCB were up 16% in afternoon trading Friday.

Persons: Verity Data, Verity, Alessandro DiNello, Peter Schoels, Schoels Organizations: New York Community Bancorp, NYCB, Moody's Investors Service, Bank, Wall Street Locations: NYCB

☆ From Roommates to Friends to ‘Turbo Twins’
▼ + stars: | 2023-12-01 | by ( Beatrice Hazlehurst | ) www.nytimes.com time to read: +1 min

Within weeks of moving to Los Angeles in the spring of 2019, Ms. Elks was fully integrated into her fellow Australian’s social circle. In July, the pair were having drinks at a friend’s house in Oceanside — a surfer’s paradise south of Orange County — when she decided to pitch Mr. Riches on becoming her boyfriend. “‘Guys, me and Benny are in a relationship,’” Ms. Elks recalled telling everyone. Ms. Elks wasn’t just dating Mr. Riches at the time — she was also living with him. Mr. Riches, 32, was impressed by her sense of style.

Persons: Verity Jean Louise Elks, Benjamin Oliver Brian Riches, Riches, “, Benny, ’, Elks, ” Organizations: Elks, New York City Locations: Los Angeles, Oceanside —, Orange County, New York, Coast, Australia, Venice

Executives of some beaten-down companies, including one battered biotech name and a popular soft drinks maker, scooped up shares of their own stock in the past week. Here are the top insider buys: Energy Transfer — Executive Chairman Kelcy Warren bought one million shares Monday at $13.53 per share for a total value of $13.53 million. Shares are up more than 2% over the past month. Enstar Group CEO bought swathes of shares Wednesday, the day after the company reported its earnings for the third quarter. The stock has gained about 8% so far this year and shares are up roughly 4% over the past month.

Persons: Kelcy Warren, Dominic F, Silvester, Nigel W, Morris, Richard Barry, Verity, Douglas Ingram, Keurig Dr Pepper, Timothy P, Cofer, Dr Pepper's, Dr Pepper —, Dr Pepper, Mott's —, Enstar Organizations: CNBC Pro, —, Global, Therapeutics, Remitly, FDA, U.S . Securities, Exchange, Enstar Locations: Canada

☆ A luxury cruise liner bound for Europe got diverted to a cargo-ship crash where several people likely died
▼ + stars: | 2023-10-25 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Numerous rescue ships and a cruise liner rushed to the scene of a cargo ship crash on Tuesday. Two cargo ships collided, with one sinking, in the early morning. AdvertisementAdvertisementA fatal crash between two cargo ships in the North Sea on Tuesday saw multiple vessels brought in for a rescue attempt. One was a luxury cruise liner headed for the major European port of Rotterdam in the Netherlands. AdvertisementAdvertisementThe P&O cruise liner the Iona seen at port in Lisbon., Portugal, on January 12, 2022.

Persons: —, Verity —, Verity, CMME, twitter.com/sji, tim e, hal, tod, meg Organizations: Service, Germany's Central Command, Maritime Emergencies, Guardian, wea, ue, P&O Locations: Rotterdam, Netherlands, Helgoland, British, Polish

☆ British Freighter Is Believed Lost in Fatal North Sea Collision
▼ + stars: | 2023-10-24 | by ( Christopher F. Schuetze | More About Christopher F. Schuetze | ) www.nytimes.com time to read: 1 min

Two cargo ships collided in the North Sea in the early hours of Tuesday morning, sinking one vessel and leaving at least one mariner dead, the authorities said. Two crew members from British cargo vessel Verity were rescued during an extensive operation that included German Maritime Search and Rescue Service and police vessels, aircraft and a cruise ship. Teams were still searching for four people presumed to have been in the 60-degree water since early Tuesday. The collision occurred at around 5 a.m. 14 miles southwest of Heligoland, a tiny rocky island situated north of Germany and west of Denmark. The site of the incident is one of the busiest stretches of water in the world, according to the German authorities.

Persons: Verity Organizations: Rescue Service Locations: Heligoland, Germany, Denmark, Poland, Bahamas, Europe

☆ Several missing after freighters collide in German North Sea
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 24 (Reuters) - Several people are missing after two freighters collided near the German North Sea island of Heligoland, the central command for maritime emergencies said on Tuesday. The Polesie and Verity vessels collided at around 0300 GMT about 12 nautical miles (22 kilometres) southwest of Heligoland, likely causing the Verity to sink, central command said in a statement. One person was rescued from the water and is receiving medical treatment, while several others are still missing, it added. The rescue operation includes a rescue cruiser, police boats, a sensor aircraft and a helicopter, among other vessels. Writing by Friederike Heine Editing by Miranda Murray and Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Verity, Friederike Heine, Miranda Murray, Rachel More Organizations: La Coruna, Thomson Locations: Heligoland, Bremen, Immingham, Hamburg, Spain

BERLIN (AP) — Two cargo ships collided in the North Sea off the coast of Germany on Tuesday and one of them sank, German authorities said. The site of the collision was about 31 kilometers (19 miles) northeast of Langeoog island, which is just off the German mainland. Several rescue ships and aircraft taking part in the search hadn't located the missing crew members by late afternoon. The Verity was 91 meters (299 feet) long and 14 meters (46 feet) wide. The Polesie is 190 meters (623 feet) long and 29 meters (95 feet) wide.

Persons: Verity, Robby Renner, Michael Ippich, couldn't, Renner, Iona Organizations: BERLIN, Germany's, Command, Maritime Emergencies, Rescue Service, Rescuers Locations: North, Germany, Helgoland, Langeoog, Bremen, Immingham, Cuxhaven, Bahamas, Hamburg, Spain, Rotterdam

☆ Ukraine accuses two men of helping guide missile that killed dozens in Hroza village
▼ + stars: | 2023-10-11 | by ( Max Hunder | ) www.reuters.com time to read: +2 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsKYIV, Oct 11 (Reuters) - Ukraine's domestic intelligence service on Wednesday accused two villagers who fled to Russia of helping guide a missile strike that killed dozens of people, mostly civilians, at a soldiers' wake in the Ukrainian village of Hroza. The Oct. 5 strike was the deadliest attack in Ukraine this year, and one of the worst since Russia invaded in February 2022. The SBU said the men fled to Russia shortly before Ukraine regained control of the village in September last year. After this, the agency said the men continued to work for Russia by building a network of informants in Ukraine. When Reuters visited the village last Friday, two residents said that SBU officials had visited the village and checked residents' phones after the attack.

Persons: Thomas Peter, Dmitry Peskov, SBU, verity, Max Hunder, Timothy Heritage, Mark Heinrich Our Organizations: REUTERS, Rights, Reuters, Ukrainian, Security Service of Ukraine, Defence Forces, Thomson Locations: Hroza, Kharkiv, Ukraine, Russia, Ukrainian, Moscow

CNN —An Azerbaijani soldier was killed by a sniper near the border with Armenia on Saturday, according to Azerbaijan’s defense ministry. The ministry said in a press release that the Armenian army opened fire on the Azerbaijani army at noon on Saturday using sniper rifles. Azerbaijan’s defense ministry went on to say that one of its army servicemen became a “Shehid” (Martyr) as a result of sniper fire and expressed its “deepest condolences” to his relatives. The Azerbaijan Army Units took retaliatory measures, according to the press release. Armenia’s defense ministry denied Azerbaijan’s claim, saying in a Facebook post on Saturday it “does not correspond to reality.”

Persons: verity, “, ” Organizations: CNN, Azerbaijan Army, Azerbaijan Army Units Locations: Azerbaijani, Armenia

☆ UK manufacturing trade body cuts outlook for 2023
▼ + stars: | 2023-09-17 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File Photo Acquire Licensing RightsLONDON, Sept 18 (Reuters) - Britain's main manufacturing trade body on Monday cut its forecast for the sector's growth for this year and next, citing a sharp fall in factory output and economic uncertainty. Trade body Make UK expects output to fall 0.5% in 2023, down from its June forecast for a 0.3% drop, and grow just 0.5% in 2024. "Manufacturers are seeing a very sharp slowdown in activity as the potent cocktail of rising interest rates, cost of living and slowing overseas markets bites hard," Verity Davidge, policy director at Make UK said. "But it is the scale of the fall in the indicators this quarter that comes as a surprise and highlights the extent of the slowdown on UK manufacturing." Make UK's quarterly survey said the balance for manufacturing output was the weakest performance for production since the last quarter in 2020, during the COVID-19 pandemic.

Persons: Phil Noble, Verity Davidge, Richard Austin, Suban Abdulla, Andy Bruce Organizations: Rover, REUTERS, Make, Bank of England, Bank of, BDO, Manufacturers, Thomson Locations: Solihull, Britain, July's

☆ NASA appoints UFO research director and vows to increase study
▼ + stars: | 2023-09-14 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —An independent report found that NASA could play a crucial role in collecting more data on UFOs — or what are officially known as unidentified anomalous phenomena, the space agency announced Thursday. Ultimately, the group determined that NASA should be using satellites and other instruments to seek more information about the phenomena. In response to the findings, the space agency also announced Thursday it is appointing its first director of UAP research. “This is the first time that NASA has taken concrete action to seriously look into UAP,” NASA Administrator Bill Nelson said during a news conference. Dan Evans, NASA’s assistant deputy associate administrator for research, said during a Thursday panel that the space agency would not be publicly releasing the name of NASA’s new UAP research director in part because of the potential for harassment.

Persons: Bill Nelson, “, Nelson, they’ve, Thomas Jefferson, verity, Dan Evans, Evans, ” Nelson Organizations: CNN, NASA

☆ Hedge fund run by T. Rowe Price's former star manager adds to bets in health care, industrials
▼ + stars: | 2023-08-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A fast-growing hedge fund tacked toward health care and industrial stocks during the second quarter, according to securities filings released this week. Durable Capital Partners is a relatively new firm by Henry Ellenbogen, who helmed T. Rowe Price's New Horizons fund for most of the last decade. In the second quarter, the fund added to several health care and industrial stocks, according to security filings and data compiled by Verity's InsiderScore. On the industrials side, Durable increased its stakes in JB Hunt Transportation and RBC Bearings by 27.3% and 10.2%, respectively, according to Verity and securities filings. Since the second quarter ended on June 30, Durable Capital has disclosed three more groups of transactions.

Persons: Henry Ellenbogen, Rowe, Morningstar, Ellenbogen, Verity's, Verity Organizations: Partners, West Pharmaceutical Services, Molina Healthcare, Privia, JB, Transportation, RBC, Intuit, FirstService Corp, SS, C Technologies Locations: West, MSCI, Duolingo

☆ Stephen Mandel's Lone Pine Capital reveals new stakes in Nvidia and Live Nation
▼ + stars: | 2023-08-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Hedge fund Lone Pine Capital built large bets on two high-performing stocks during the second quarter, a new U.S. Securities and Exchange Commission filing shows. Shares of Live Nation are up more than 23% year to date, outperforming the S & P 500. The new additions came as Lone Pine trimmed many of its top holdings, including Workday and Amazon . Lone Pine added to its positions in Microsoft , Amazon and Taiwan Semiconductor in the fourth quarter of last year, just before the tech sector took off. The quarterly hedge fund filings do not show trading data that would reveal when Lone Pine sold or bought shares of any individual stock.

Persons: Lone Pine, Stephen Mandel, Verity, Mandel, Julian Robertson Organizations: Lone Pine Capital, . Securities, Exchange Commission, Entertainment, Nvidia, Booking Holdings, Mastercard, Devices, Tiger Management, Microsoft, Amazon, Taiwan Semiconductor, Lone Locations: Lone

☆ Insider buying: The top five stocks purchased by C-suite execs
▼ + stars: | 2023-05-05 | 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 EmailInsider buying: The top five stocks purchased by C-suite execsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Verity's Ben Silverman joins the show to break down the top 5 stocks purchased by C-suite execs.

Several regional banks saw insiders buy shares over the past seven days, according to VerityData. Insider buying is tracked by some professional investors as a potential sign of company quality. Here are the five U.S. companies with the biggest insider buying over the past week, according to VerityData. Buying the dip was a theme of all of the top five insider buying companies. See more about Insider Buying on CNBC's " Last Call ," weekdays at 7 p.m.

☆ UK reviews AI models as rapid growth fuels safety concerns
▼ + stars: | 2023-05-04 | by ( Paul Sandle | ) www.reuters.com time to read: +3 min

Governments around the world are now trying to find a balance whereby they can assess and rein in some of the potential negative consequences of AI without stifling innovation. Britain in March opted to split regulatory responsibility for AI between those bodies that oversee human rights, health and safety, and competition, rather than creating a new body dedicated to the technology. CMA CEO Sarah Cardell said in a statement that AI had burst into the public consciousness and was developing at speed. The review in Britain echoes investigations taking place around the world, from Beijing to Brussels and Washington. Italy, a G7 member, took ChatGPT offline last month to investigate its potential breach of personal data rules.

Berkshire Hathaway vice president Gregory Abel bought nearly $25 million worth of Berkshire's class A stock last week, filings show. He previously bought $68 million worth of Berkshire stock in September. Berkshire's class A shares, and the "Baby Berkshire" class B shares, both have dropped about 3.4% this year, underperforming the S & P 500. Berkshire Hathaway vice chair Greg Abel bought $24.6 million worth of Berkshire's class A stock on March 17. Capri Holdings CEO John Idol bought nearly $10 million worth of stock on March 16.

☆ Authorities find chain saw, dismembered couple and ‘signs of extreme trauma’ in Pennsylvania home
▼ + stars: | 2023-01-19 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A Pennsylvania woman was accused of shooting her parents in their heads and dismembering their bodies with a chain saw, authorities said Wednesday. Beck appeared in court Wednesday for a preliminary arraignment and was ordered held without bail, criminal court records show. Police investigate the scene of a double homicide in Abington Township, Pa., on Wednesday. Inside, officers found Verity Beck, who also lived there, and the victims' bodies, according to the statement. Authorities found at least three guns inside the home that belonged to Verity Beck, NBC Philadelphia reported, citing a criminal complaint.

☆ Sephora is dropping the beauty lines of TikTok stars Addison Rae and Hyram Yarbro
▼ + stars: | 2023-01-10 | by ( Madeline Berg | Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Influencer brands Item Beauty and Selfless by Hyram are being pulled from Sephora. Addison Rae launched Item Beauty in 2020, while Hyram Yarbro launched Selfless in 2021. Insider has confirmed from a well-connected industry source that Sephora will be pulling Addison Rae's Item Beauty and Hyram Yarbro's Selfless by Hyram from its shelves. Item Beauty was launched in August 2020 by Rae, who shot to internet fame by replicating viral dances on TikTok. There are bright spots among celebrity-backed brands, like Selena Gomez's Rare BeautyThat isn't to say that all celebrity-founded beauty brands have fared poorly.

Several insiders of corporate America spent big on their own stock as part of their holiday shopping, often finding major discounts. This move is in addition to the roughly $2.3 million worth of shares that Soto scooped up earlier this year. The fintech stock has struggled mightily this year, falling more than 70% to trade below $5 per share. Insider buying and selling is a metric tracked by many professional investors as one measure of a company's quality. Melamed had previously been a seller, so whose recent moves represent a notable reversal, according to Verity.

☆ In car crashes, women are more likely to die than men. This new crash test dummy could help save lives
▼ + stars: | 2022-12-15 | by ( Rochelle Beighton | ) edition.cnn.com time to read: +4 min

According to Verity Now, a US-based campaign group striving to achieve equity in vehicle safety, women are 73% more likely to be injured – and 17% more likely to die – in a vehicle crash. CNN: You’ve developed the first ever female crash test dummy. Swedish engineer Dr Astrid Linder has created a "female" crash test dummy. Courtesy VTICNN: How has the female crash test dummy been designed, and how is technology used to test safety? Linder: We took data for the average male and the average female, including weight and height, for the crash test dummy.

☆ A Partisan Thumbs Down for Sinema’s Verity
▼ + stars: | 2022-12-12 | by ( John Fund | ) www.wsj.com time to read: +1 min

Kyrsten Sinema didn’t always seem like a moderate. Now she has left the Democratic Party to become an independent, complaining that “payback against the opposition party has replaced thoughtful legislation.”Yet ideologically she hasn’t changed much. FiveThirtyEight.com notes that she has voted with President Biden 93% of the time. Where she departs from today’s Democratic Party is over its intolerant domination by progressives. She said progressives had caught “the dread disease” of “identity politics” and wrapped themselves in the “mantle of victimhood.”

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