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☆ Japanese yen is a 'huge buying opportunity' at these levels, says investment advisory firm
▼ + stars: | 2024-04-26 | 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 EmailJapanese yen is a 'huge buying opportunity' at these levels, says investment advisory firmGambles, co-founder and managing partner at MBMG Family Office Group, says "we thought it was attractive at 145, we think it's even more attractive at 155."

Organizations: Family

☆ AstroForge: How this startup plans to make asteroid mining a reality.
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +11 min

Now the California-based startup is attempting to make asteroid mining a reality. That makes AstroForge the only company with a refinery that can turn M-type asteroids into PGMs in space, he adds. Some in the scientific community are skeptical that the private sector will be able to afford asteroid mining. Its all-or-nothing, lower-cost approach may help push asteroid mining closer to reality. “I hope if nothing else,” Gialich says, “we’re known as a space company that went for it.”

Persons: Matt Gialich, Gialich, Jose Acain, “, ”, we’re, “ We’re, AstroForge, Edward Carreon, “ that’s, –, Dan Britt, REx, James Cameron, Larry Page, Britt, “ I’m, ” Gialich, NASA's, Aubrey Gemignani, ” Britt, AstroForge’s Organizations: CNN, Virgin, SpaceX, NASA, Companies, Apple, Center, University of Central, JAXA, United, United Arab Emirates ’ Space Agency, UAE Space Agency, AP NASA, Planetary Resources, Titanic, Google, NASA's Kennedy Space Center, Getty Locations: California, University of Central Florida, China, United Arab, United Arab Emirates, Utah, Los Angeles, Florida

☆ Shohei Ohtani’s former interpreter is in negotiations to plead guilty over theft and gambling, the NYT reports
▼ + stars: | 2024-04-10 | by ( Joe Sutton | Jason Hanna | ) edition.cnn.com time to read: +4 min

CNN —A former interpreter for Los Angeles Dodgers superstar Shohei Ohtani is in negotiations to plead guilty to federal crimes related to accusations he stole millions from Ohtani and used it for gambling, the New York Times reported Wednesday, citing three people familiar with the matter. Ippei Mizuhara was fired last month after Ohtani’s lawyers accused him of stealing from Ohtani and placing bets with a bookmaker who is under federal investigation. Ohtani later alleged Mizuhara stole the money from his bank account. “I’m very saddened and shocked that someone who I’ve trusted has done this,” Ohtani, Major League Baseball’s only two-way player, said. ESPN’s Tisha Thompson, citing multiple unnamed sources, said on CNN’s “The Lead” last month at least $4.5 million was withdrawn via wire transfer from Ohtani’s bank accounts, though it was unclear who initiated the transfers.

Persons: CNN —, Shohei Ohtani, Mizuhara, Ohtani, Michael Freedman, “, ” Ohtani, I’ve, ESPN’s Tisha Thompson, gambles, CNN’s Raja Razek, De la Fuente, Steve Almasy, Dalia Faheid, Elizabeth Wolfe Organizations: CNN, Los Angeles Dodgers, New York Times, Prosecutors, Dodgers, MLB, ESPN, Los Angeles Times, baseball’s, Dodger, League Baseball’s, Internal Revenue Service, Major League Baseball, American League Locations: Ohtani, South Korea, Seoul, Korea

☆ MLB commissioner hopes Shohei Ohtani investigation is short, ‘but I just don’t know’
▼ + stars: | 2024-03-29 | by ( Ben Morse | Jill Martin | ) edition.cnn.com time to read: +4 min

CNN —Major League Baseball commissioner Rob Manfred said on Thursday that he hopes the league’s investigation into superstar Shohei Ohtani is short, “but I just don’t know” how long it will take. The build-up to the new MLB season was overshadowed following the recent gambling scandal involving Ohtani and his former longtime interpreter Ippei Mizuhara. The Internal Revenue Service and Major League Baseball are investigating the matter, with the league trying to determine whether its strict rules against gambling have been broken. MLB commissioner Manfred can also penalize someone who goes outside legal sports betting entities and gambles with a bookie. The situation involving Ohtani has raised further questions abouts sport’s relationship with betting in the US as the industry continues to grow.

Persons: Rob Manfred, Shohei Ohtani, Ohtani, Ippei, Mizuhara, Manfred, Chris ‘, ’ Russo, Ron Jenkins, Tisha Thompson, gambles, abouts, ”, Russo, “ Organizations: CNN — Major League Baseball, MLB, Dodgers, ESPN, Los Angeles Times, baseball’s, League, MLB Network, American League, Baltimore Orioles, Texas Rangers, Internal Revenue Service, Major League Baseball, NFL, “ Sports Locations: South Korea, Seoul, Ohtani, United States

☆ Judge thrashes Sam Bankman-Fried for claiming FTX customers didn't lose any money before handing down 25-year sentence
▼ + stars: | 2024-03-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Sam Bankman-Fried's lawyers claimed that FTX customers had "zero" losses when the exchange collapsed. Had Bankman-Fried held onto the company — and if Ray had listened to his advice rather than spurn him — FTX customers could have gotten their money back quickly, he claimed. In a recent proposal to be approved by the bankruptcy judge, credit would be determined by the value of each customer's assets at the time that FTX filed for bankruptcy. US District Judge Lewis Kaplan and Sam Bankman-Fried. AdvertisementKaplan said that, in any case, Bankman-Fried couldn't be credited for the bankruptcy debtors' work to get FTX customers their money back.

Persons: Sam Bankman, —, Lewis Kaplan, Bankman, Fried, Kaplan, John J, Ray III, Ray, FTX, Ray —, bitcoin, Jane Rosenberg Prosecutors, Nicolas Roos, Fried perjured Organizations: Service, Alameda Research, Alameda, —, Enron, Residential Capital, REUTERS, FTX Locations: Manhattan, FTX, Las Vegas, Delaware

☆ Shohei Ohtani plays in Dodgers’ loss to Angels after addressing gambling and theft allegations against former interpreter
▼ + stars: | 2024-03-26 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +2 min

CNN —Japanese two-way star Shohei Ohtani went hitless for a second straight game as the Los Angeles Dodgers fell to the Los Angeles Angels 6-0 on Monday at Dodger Stadium. Before the game, the two-time MVP spoke publicly for the first time since gambling and theft allegations against his former interpreter, Ippei Mizuhara, came to light last week. Ohtani prepares to bat against the Los Angeles Angels on Monday. The Internal Revenue Service and Major League Baseball are investigating the matter, with the league trying to determine whether its strict rules against gambling have been broken. The Dodgers will close out the three-game exhibition against the Angels on Tuesday.

Persons: Shohei Ohtani, Ohtani, Ippei Mizuhara, “, I’ve, ”, Will Ireton, Mizuhara, ” Ohtani, Jae C, gambles, ESPN’s Tisha Thompson Organizations: CNN, Los Angeles Dodgers, Los Angeles Angels, Dodger, Dodgers, ESPN, Internal Revenue Service, Major League Baseball, American League, Angels Locations: South Korea

☆ Sell Nvidia or stick with it? Here's what investors say
▼ + stars: | 2024-03-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Here's what those who currently hold Nvidia shares are doing — or planning to do — with their positions. Sell at least some Some are saying it's time to sell or that they have already sold part of their Nvidia shares. Paul Gambles, managing partner of MBMG Family Office Group, told CNBC Pro on Monday that he'd sell Nvidia right now. Stick with it Louis Navellier of Navellier and Associates is still fairly bullish, and says it's definitely not time to sell any Nvidia shares yet. After Nvidia's selloff, he reiterated his position, saying he has no plans to sell Nvidia.

Persons: it's, Vahan Janjigian, CNBC's, Paul Gambles, Gambles, NVDA, Jordan Cvetanovski, Cvetanovski, I'm, we've, Craig Johnson, Piper Sandler, Louis Navellier, Nvidia's selloff Organizations: Nvidia, Greenwich Wealth Management, Trust, VanEck Semiconductor, Family, CNBC Pro, Sydney, Pella Funds Management, Navellier Locations: Pella, NVDA

☆ Sell Nvidia or stick with it? Here's what experts say
▼ + stars: | 2024-03-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Here's what those who currently hold Nvidia shares are doing — or planning to do — with their positions. Sell at least some Some are saying it's time to sell or that they have already sold part of their Nvidia shares. Vahan Janjigian, chief investment officer at U.S.-based Greenwich Wealth Management, says he had a "big position" in Nvidia until recently. Paul Gambles, managing partner of MBMG Family Office Group, told CNBC Pro on Monday that he'd sell Nvidia right now. Stick with it Louis Navellier of Navellier and Associates is still fairly bullish, and says it's definitely not time to sell any Nvidia shares yet.

Persons: it's, Vahan Janjigian, CNBC's, Paul Gambles, Gambles, NVDA, Jordan Cvetanovski, Cvetanovski, I'm, we've, Craig Johnson, Piper Sandler, Louis Navellier Organizations: Nvidia, Greenwich Wealth Management, Trust, VanEck Semiconductor, Family, CNBC Pro, Sydney, Pella Funds Management, Navellier Locations: Pella

☆ Sports Gambling Was a Gateway Drug to Online Gambling and the Lottery
▼ + stars: | 2024-03-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

As the prevalence of online betting grows, there's plenty of revenue to be had. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue. Of course, as fun as sports gambling is — as is gambling in general — it has some serious downsides for society. According to the National Council on Problem Gambling, 2 million Americans have a severe gambling problem, and another 4 million to 6 million a mild or moderate problem. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue.

Persons: Lia Nower, DraftKings, Jason Robins, iGaming, Robins, DraftKings isn't, —, West Virginia —, Chad Beynon, Benyon, they're, Nower, Chris Grove, Grove, There's, let's, I've, legalizes iGaming, Emily Stewart Organizations: Knicks, Sports, Disney, American Gaming Association, NBA, NFL, Center for Gambling Studies, Rutgers University, Golden Nugget, Caesars, MGM, Macquarie, Companies, Atlantic City, Acies Investments, EKG Ventures, Vegas, National Council, Business Locations: Washington, Boston, Dublin, — New Jersey , Connecticut, Delaware , Michigan, Rhode Island , Pennsylvania, West Virginia, New York, Atlantic, New Jersey, Jackpocket, America

☆ Critics call 'Dune: Part Two' a 'sci-fi masterpiece' and one of the 'greatest sequels ever'
▼ + stars: | 2024-02-29 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +6 min

A critic hailed it as "the best sci-fi epic of the century." AdvertisementIt's time to return to Arrakis for the much-anticipated sequel to Denis Villeneuve's 2021 epic "Dune." Prepare for a cliffhanger endingLike in the first movie, you're not going to get many answers by the end. Inverse's Hoai-Tran Bui dubbed it "the best sci-fi epic of the century" in her headline. "It's a towering feat of sci-fi cinema that will put 'Dune: Part Two' in contention for the pantheon of greatest sequels ever."

Persons: —, Denis Villeneuve's, Villeneuve, Paul Atreides, Austin Butler, Florence Pugh, Léa Seydoux, Christopher Walken, Critics, Timothée, Lawrence, Peter Bradshaw, Peter Debruge, Therese Lacson, He's, IndieWire's David Ehrlich, Irulan, Paul, Chalamet, IndieWire's Ehrlich, Nick Schager, David Fear, Niko Tavernise, Joshua Rothkopf, Tran Bui Organizations: Service, Warner Bros, The Guardian, Collider, Hollywood Reporter, Stone, Los Angeles Times, Hollywood Locations: Arabia

☆ Opinion | Free Campaign Advice for Joe Biden
▼ + stars: | 2024-02-14 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Biden Gambles on Trump Fear and Star Clout” (front page, Jan. 30):I was a bit dismayed by your article about Joe Biden’s apparent campaign plan to run on basically just not being Donald Trump. Courting Taylor Swift and other celebrities is fine and all, Joe, but please don’t make yourself simply the lesser of two evils. If Democrats can win the House and retain the Senate, you’re a lame duck who can do whatever you want. Tell us you’ll make sure our kids aren’t doomed to demoralization, deforestation and doomscrolling. Tell us that Detroit Joe matters as much as D.C. Joe.

Persons: Re “ Biden Gambles, Joe Biden’s, Donald Trump, Taylor Swift, Trump, you’re, Detroit Joe Organizations: Trump Locations: Detroit

☆ Ukraine's Zelenskyy takes one of his 'biggest gambles' yet by replacing top military commander
▼ + stars: | 2024-02-09 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Metin Atkas | Anadolu Agency | Getty ImagesUkrainian President Volodymyr Zelenskyy is thought to have taken one of his "biggest gambles" yet by replacing his top commander in a dramatic military shake-up. Col. Gen. Oleksandr Syrskyi, one of Ukraine's most experienced commanders who had led the country's ground forces since 2019, was on Thursday appointed the new head of Ukraine's armed forces amid broader military leadership changes. It represents the most significant change to Ukraine's military leadership since Russia launched its full-scale invasion of the country nearly two years ago. In a post on social media platform X, Zelenskyy said he had taken the decision "to renew the leadership" of Ukraine's armed forces and thanked Zaluzhnyi for his two years of service. Urgent change," Zelenskyy said.

Persons: Volodymyr Zelenskyy, Ukrainian Land Forces Oleksandr Syrskyi, Andriy Yermak, Kharkiv Region Oleg Sinegubov, Metin, Gen, Oleksandr Syrskyi, Valeriy, Zelenskyy, Zaluzhnyi, Valerii Zaluzhnyi, Oksana Parafeniuk, Zelenskky, Zaluzhny, Peter Dickinson, Genya Savilov, Dickinson Organizations: Ukrainian Land Forces, Presidential, Military Administration, Anadolu Agency, Getty, Armed Forces, Staff of, Armed Forces of, Washington Post, Russia, Economist, Atlantic Council, Afp Locations: Izium, Kharkiv, Ukraine, Kharkiv Region, Zelenskyy, Russia, Armed Forces of Ukraine, Kyiv, Zelenskky, Ukrainian, Bakhmut, Donetsk

☆ We are deeply into bubble territory when it comes to AI, MBMG Group's Paul Gambles says
▼ + stars: | 2024-02-08 | 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 EmailWe are deeply into bubble territory when it comes to AI, MBMG Group's Paul Gambles saysPaul Gambles, managing partner at MBMG Group, discusses the outlook for markets as earnings season continues.

Persons: MBMG Group's Paul Gambles, Paul Gambles Organizations: MBMG Group

☆ SOCOM is after new tech to help special operations forces spot, track, and take out urban threats without being seen
▼ + stars: | 2024-02-01 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

US special operations forces on the island join their Taiwanese comrades in major urban centers, getting ready for intense urban combat. Looking toward potential future fights like this, US Special Operations Command (SOCOM) is after new tech that would help its special operators survive and thrive in urban warfare. Modern Urban WarfareThe ongoing conflict in Ukraine has shown that urban warfare remains as deadly as ever. Advertisement"When I hear the words 'urban warfare' I think of buildings, close ranges, challenges in fires support, CAS [close air support], or MEDAVACs [medical evacuations]. During the industrial counterterrorism campaign against al-Qaeda in Iraq and the Iraqi insurgency, US special operations forces got a good taste of urban warfare and its complexities.

Persons: —, SOCOM, Justin Moeller, isn't Organizations: Service, Business, Operations Command, 5th Special Forces Group, US, Staff, Urban, Wagner Group, Delta Force, Green Berets, Islamic Locations: China, Taiwan, Pacific, Beijing, Ukraine, Bakhmut, Afghanistan, Qaeda, Iraq, Islamic State, Syria, Mosul

☆ Fed is 'disconnected' from reality, must cut rates 5 times next year, portfolio manager says
▼ + stars: | 2023-12-05 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

Chris Wattie | ReutersThe Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles. "I think Fed policy is now so disconnected from economic factors and from reality that you can't make any assumptions about when the Fed is going to wake up and and start smelling the amount of damage that they're actually causing to the economy," Gambles warned. The current U.S. policy rate stands at 5.25%-5.50%, the highest in 22 years. Traders are now pricing in a 25-basis-point cut as early as March 2024, according to the CME FedWatch Tool. The perception now being that the U.S. central bank is effectively done raising interest rates.

Persons: Chris Wattie, Paul Gambles, CNBC's, Gambles, Jerome Powell, Powell, Wall, David Roche, Roche Organizations: Reuters, Federal Reserve, MBMG, Traders, Federal, Financial, Labor Locations: U.S

☆ The Fed needs to cut rates at least five times next year, says investment advisory firm
▼ + stars: | 2023-12-04 | 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 EmailThe Fed needs to cut rates at least five times next year, says investment advisory firmPaul Gambles, co-founder and managing partner at MBMG Group, says the U.S. Federal Reserve is "so far behind the rate-cutting curve that if they don't do five cuts next year, that's going to create even more damage."

Persons: Paul Gambles, that's Organizations: MBMG, U.S . Federal

☆ Here's where to invest $250,000 for the next 5 years
▼ + stars: | 2023-12-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

CNBC Pro spoke to financial advisors and investment experts to find out how they would allocate $250,000 over the next five years. Preferred Stocks: Preferred stocks have attractive yields and are depressed after two years of weak stock and bond markets — and so are set to gain if the stock market recovers, Hatfield said. Preferred stocks have characteristics of both stocks and bonds — they trade on exchanges like stocks but they have a face value and pay dividends like bonds. They are also like bonds in that when the value of the preferred stock goes down, yields rise. $30,000 to investment grade bonds: This is a conservative investment that will benefit if long-term rates rally, he said.

Persons: Jay Hatfield, Hatfield, Microsoft —, Paul Gambles, James McManus, McManus, — CNBC's Michael Bloom Organizations: CNBC, Infrastructure Capital Advisors, U.S . Preferred, Nasdaq, Nvidia, Microsoft, U.S . Federal Reserve, Family, JPMorgan Locations: U.S, Hatfield, Asia, Pacific, Europe

☆ At 99, billionaire Charlie Munger shared his No. 1 tip for living a long, happy life: 'Avoid crazy at all costs'
▼ + stars: | 2023-12-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Charlie Munger, who died at age 99 last week, attributed his success and longevity at least partially to a single piece of advice: "Avoid crazy at all costs." That's what he told CNBC's Becky Quick last month, in an interview meant to air on his 100th birthday in January. When pressed for his keys to a long and successful life, Munger at first demurred, saying "I don't know the secret." Just avoid it, avoid it, avoid it." "My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage," Buffett told CNBC's "Squawk Box" in 2018.

Persons: Charlie Munger, CNBC's Becky Quick, Munger, Warren Buffett, he'd, Charlie, Buffett, CNBC's, Berkshire Hathaway, —, I've, Coke Organizations: Forbes, Buffett, Berkshire Locations: Berkshire

☆ Argentina Gambles on Milei
▼ + stars: | 2023-11-20 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Kyle Peterson, Mary O'Grady and Dan Henninger. Images: AP/AFP/Getty Images/Reuters/Zuma Press Composite: Mark KellyWhen there’s no real alternative, there’s no problem, as the saying goes. And that may be the logic of Argentina voters on Sunday who rejected the catastrophe of Peronist rule in favor of impulsive and charismatic outsider Javier Milei , who promised what for Argentina is the radical change of free-market economics. Mr. Milei, a Congressman and self-described libertarian, won the Presidency in a rout with 56% of the vote to 44%. He defeated Sergio Massa , the incumbent economic minister and architect of the policies that have produced runaway inflation, declining living standards, a government shedding foreign reserves, and the worst economic crisis in decades.

Persons: Kim Strassel, Kyle Peterson, Mary O'Grady, Dan Henninger, Mark Kelly, Javier Milei, Milei, Sergio Massa Organizations: Getty, Zuma, Sunday Locations: Argentina

Out of the 29 cabinet roles, at least 16 backed remaining in the EU, compared with 10 who supported leaving. Sunak's party still languishes around 20 points behind the opposition Labour Party before an election that must happen by January 2025. But as he was talking, he asked a former cabinet minister to the right of the party for her thoughts. With few Conservatives believing they can win the next election, others might follow her in preparing for a new job. For the Conservatives to stand a chance, they need to change that perception, and it's hard to imagine how bringing David Cameron back does that," he said.

Persons: David Cameron's, Rishi Sunak, Suella Braverman, Sunak, Liz Truss's, Braverman, Cameron, Boris Johnson, Johnson, Dehenna Davison, Keiran, David Cameron, Kylie MacLellan, Elizabeth Piper, Kate Holton, Alex Richardson Organizations: British, European Union, EU, Conservative, Labour Party, Liberal Democrats, Labour, Conservatives, Thomson Locations: England

11 Alabama uncorked 27 straight second-half points in rallying for a 34-20 victory over No. With its national title hopes on the brink, Alabama (7-1, 5-0 Southeastern Conference) turned in its most dominant half of the season. Milroe completed 14 of 21 passes for 220 yards, with a 46-yard touchdown less than a minute into the second half and an earlier 10-yarder to Jermaine Burton. Alabama turned Vols coach Josh Heupel's second failed fourth-down gamble shy of midfield territory into its first lead. The Tide looked like a complete team in the second half, though.

Persons: Jalen Milroe, Jihaad Campbell, ‘, Jase McClellan, Joe Milton III, Cambell, Chris Braswell, Milroe, Jermaine Burton, McClellan, Milton, Josh Heupel's, Will Reichard's, Wright Organizations: Alabama uncorked, Tennessee, Conference, Milroe, Volunteers, SEC, Vols, Tide, Alabama, Texas, Arkansas, UP NEXT Tennessee, SEC East, SEC West, LSU, AP Locations: TUSCALOOSA, Ala, Alabama, Milton, Tuscaloosa, Tennessee, UP, Kentucky

The trick for the Saudis and the Russians is whether the global economy can withstand an oil price closer to $100 a barrel than the $70 level that prevailed in the middle of 2023. Asia's crude oil imports dropped to 25.05 million bpd in September, the weakest outcome this year and down from 25.22 million bpd in August and 27.92 million bpd in July, according to data compiled by LSEG. China's retail gasoline price has risen from 8.06 yuan ($1.15) a litre at the end of June to 9.04 yuan currently, an increase of 12%. The outlier is India, where retail prices have been kept steady despite being market-linked, at least in theory. The retail price of gasoline in the capital New Delhi is currently 96.76 rupees ($1.16) a litre, a level that has persisted since April last year.

Persons: It's, JP Morgan, LSEG, Sonali Paul Organizations: Brent, U.S . Energy, Administration, JP, Retail, Australian Institute of Petroleum, Reuters, Thomson Locations: LAUNCESTON, Australia, Saudi Arabia, Russia, OPEC, United States, ASIA, Asia, China, India, New Delhi

☆ Oil price is still a wild card — and we’re worried about inflation, MBMG Group's Gambles says
▼ + stars: | 2023-09-29 | 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 EmailOil price is still a wild card — and we’re worried about inflation, MBMG Group's Gambles saysPaul Gambles, co-founder and managing partner at MBMG Family Office Group, discusses the prospect of stagflation as oil prices rally and the investment outlook through the end of the year.

Persons: we’re, Group's Gambles, Paul Gambles Organizations: Email, Family

A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. “Unfortunately, following numerous meetings and conciliation sessions with the Fair Work Commission, no agreement has been reached as the unions are asking for terms significantly above the market," a Chevron spokesperson said in a statement. "Until we have some case law, until we get some Fair Work Commission decisions on how the laws work, we don't know (how long the process will take)," said Shae McCrystal, a professor of labour law at the University of Sydney Law School. A subsidiary of airline Virgin Australia made the only other application under these laws in June, local media reported. No talks are scheduled between unions and Chevron, according to the FWC website.

Persons: Shae McCrystal, Roushni Nair, Lewis Jackson, Jamie Freed, Michael Perry Organizations: Reuters, Chevron, Handout, REUTERS, Fair, University of Sydney Law School, Virgin Australia, Offshore Alliance, Thomson Locations: Chevron, Barrow Island, Australia, Chevron Australia, Melbourne, U.S, Bengaluru, Sydney

But Indian billionaire Mukesh Ambani snatched IPL rights away in a $2.9 billion bid last year, and then streamed games for free. Soon, Disney subscribers fled - out of 61 million users in October, roughly 21 million had left by July. It retains digital streaming rights but last year licensed the TV broadcast rights to Indian's Zee Entertainment (ZEE.NS) for around $1.5 billion, a source said. In the United States, ad-free Disney+ streaming service subscription rates are set to rise by 27% to $13.99 per month. By contrast in India, Disney+ Hotstar service costs $3.62 a month.

Persons: Anushree, India's Ambani Hotstar, Walt Disney, Disney, Mukesh Ambani, That's, JioCinema, Sivanandan, Daoud Jackson, Bob Iger's, Nancy Lee, Ambani, Aditya Kalra, Munsif, Dawn Chmielewski, Muralikumar Organizations: ICC Men's Cricket, REUTERS, Companies Disney India, Century Fox, Indian Premier League, Disney, Reuters, Asia, Cricket, Indian's Zee Entertainment, IPL, Blume Ventures, Hotstar, Staff, Media Partners, Netflix, JioCinema, Thomson Locations: Gurugram, India, Burbank, Disney India, United States, New Delhi, Bengaluru, Dawn, Los Angeles

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