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☆ Opinion: Anne Hathaway has nothing left to prove
▼ + stars: | 2024-05-07 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

CNN —It feels weird to begin a complimentary piece about Anne Hathaway by saying I didn’t especially enjoy her latest movie, but here goes. Yet, as she recently explained to the New York Times, she’s spent far too much of her life trying to make other people happy. Even now, a Google search for “hate Anne Hathaway” produces more than five million hits. The movie is set years after that betrayal, and Solène, like Hathaway, has outgrown her habit of people pleasing. Hathaway is so luminously beautiful in “The Idea of You” that, for me at least, it undermines the entire film.

Persons: Holly Thomas, Katie Couric, Anne Hathaway, it’s, Solène Marchand, She’s “, Hayes Campbell’s, Nicholas Galitzine, he’s, Hathaway, she’s, ”, snarky, Oscar, “ Les, Critics, Anne Hathaway ”, It’s, Jake Gyllenhaal, Leonardo DiCaprio, Jennifer Lawrence, Jameela Jamil, Solène, didn’t, you’re, Hayes Organizations: Katie Couric Media, CNN, New York Times, “, New York Magazine, Twitter, Facebook Locations: London

☆ Instead of chasing Nvidia, investor buys these misunderstood, cheap growth stocks for big returns
▼ + stars: | 2024-02-28 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

In a market bedazzled by flashy growth stocks, Torray Investment Partners instead runs a fund that's trying to redefine what value is. The Torray Fund , founded by the late Robert Torray in 1990, is ahead 7.4% so far this year, outpacing the 6.5% gain in the S & P 500. Apart from the Torray Fund, the firm manages four other concentrated portfolios that also hold between 20 and 30 companies. These portfolios are separately managed accounts of either concentrated large growth companies, small- and mid-capitalization growth names, large value companies and equity income. Compared to other large value funds, Torray is overweight in all three.

Persons: iShares Russell, Jeffrey Lent, Robert Torray, Berkshire Hathaway, Morningstar, Lent, Shawn Hendon, Eaton, McLennan, Hendon, Torray, it's Organizations: Torray Investment Partners, Value, Torray, Russell, Berkshire, American Express, Marsh, Financial, Morningstar, Applied Materials, Qualcomm, Nvidia Locations: Eaton, Berkshire

☆ The 'best' investment right now: Fund manager picks stocks with almost 15% total returns
▼ + stars: | 2024-02-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of oil giants and European infrastructure companies can act as a hedge against inflation while also delivering strong annual growth, according to fund manager Freddie Lait. Lait manages two funds — the Latitude Horizon Fund and the Latitude Global Fund — with more than $750 million of assets collectively and holds all three stocks in both funds. BP SHEL 1Y line The fund manager explained that with oil currently around $85 per barrel, and his assumption of $70-75 long-term, his oil and gas stock picks can generate nearly double-digit annual returns for shareholders. 'Phenomenally interesting' stock Beyond energy names, Lait said his favorite inflation-linked stock is Vinci which he described as "phenomenally interesting." The company operates a mix of toll roads and civil engineering projects with long-term inflation adjustment mechanisms.

Persons: Freddie Lait, Lait, Vinci, Goldman Sachs Organizations: Latitude Investment Management, Shell, CNBC Pro, International Energy Agency, London Gatwick, Atlantic City International, Vinci Locations: Saudi Arabia's, Aramco, Burbank, United States

☆ Dividend-paying stocks could rise in 2024. Investors like these plays for the new year
▼ + stars: | 2023-12-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Dividend-paying stocks took a backseat to this year's tech-driven market rally, but 2024 could be the year that they come back in vogue. A couple of catalysts could swing the pendulum back in favor of dividend payers in 2024, including the Fed's forecast for three rate cuts in the new year. "Not only do you get the dividend yield and dividend growth, but you get some capital appreciation perhaps – that's where it gets interesting," he added. Special dividend payers Kim Abmeyer, certified financial planner and founder of Abmeyer Wealth Management in Dallas, sees dividend-paying stocks coming into focus for 2024. The energy company in November announced that it raised its regular dividend by 10% and it declared a $1.50 per share special dividend.

Persons: gangbuster, Charlie Gaffney, Eaton Vance, Gaffney, bode, Bernstein, it's, Nelson, Piper Sandler, Paul Newsome, Kim Abmeyer, Abmeyer, Stocks, Roth MKM's Leo Mariani Organizations: Big Tech, Nasdaq, Morgan Stanley Investment Management, Broadcom, VMware, Evercore ISI, Disney, Allstate, Abmeyer Wealth Management, Costco Wholesale, Costco Locations: Dallas

☆ Luck is a bigger part of success than you think — but it can only take you so far
▼ + stars: | 2023-12-19 | by ( Henry Blodget | ) www.businessinsider.com time to read: +7 min

Read previewA smart reader asked me to talk about an important element of career success — luck. The paper's conclusion — one I agree with — is that luck plays a much bigger role in success than most people think. But with the help of still more luck — and effort and, I think, some talent — I did manage, eventually, to build a life I wanted. AdvertisementBut we will all be doing ourselves — and our future careers — a big disservice if we imagine that success is all luck. Some of the hardest and most exhausting jobs in the world provide the fewest opportunities for advancement and success — at least financial success.

Persons: —, That's, we've, I've, Paul Conti, Henry Blodget Organizations: Service, Business

☆ As the Grand Theft Auto VI trailer drops, Elon Musk says he's never been able to get into GTA because he can't bring himself to commit virtual crimes
▼ + stars: | 2023-12-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The first trailer for Grand Theft Auto 6 finally arrived on Monday — but Elon Musk isn't a fan. He said he didn't finish GTA 5 as he couldn't bring himself to shoot virtual police officers. GTA 5 is one of the most popular video games of all time, selling 190 million copies since 2015. AdvertisementThe internet is on fire after the first trailer for Grand Theft Auto 6 finally dropped — but Elon Musk is unlikely to be picking up a copy when the game comes out in 2025. AdvertisementThe trailer for Grand Theft Auto 6 was released on Monday, a day earlier than planned after it was leaked on social media .

Persons: couldn't, —, Elon Musk, Musk, Musk's Organizations: Elon, Service, phenomenally, SpaceX, New York Times Locations: Miami

☆ Boomers seem to have traded in the child-raising village for traveling. Now millennial parents say they have no one to support them.
▼ + stars: | 2023-11-29 | by ( Julie Gerstein | Jane Ridley | ) www.businessinsider.com time to read: +11 min

Many millennial parents say they can't get the support they need from their parents. "If Mom and Dad ran out of town, we were at Grandma's," the 33-year-old told Business Insider. AdvertisementStill, many millennial children, including Dobson's own, would prefer time spent — and not necessarily money. Some millennial parents feel aloneThis distance from their parents, Cox said, is a part of other shifts that have made millennial parents feel more alone. What millennial parents really need is someone who can help relieve "the parenting pressure," Cox said, a trusted extra person who's available to pick up some of the slack.

Persons: Millennials, —, Kristjana Hillberg, Dad, Grandma wasn't, there's, Leslie Dobson, Ted Dobson, they've, Dobson, millennials Dobson, hasn't, he's, he'd, They've, It's, Daniel Cox, Cox, Nella Hanson, Hillberg, Roxanne, Kurt, Lily, we'd, Stone, Hanson, Norman, Boomers Organizations: Service, Business, Boomers, Bank of America, Federal Reserve, —, Isla Espiritu Santo, Survey Center, Google Locations: Los Angeles, California, Mexico, Costa Rica, Europe

☆ Climate target walk-backs highlight 'overzealous' policy pledges, OPEC chief says
▼ + stars: | 2023-10-02 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. Asked about the impact of high oil prices on consumers, al-Ghais said this "depends on the state of the global economy" and noted increases in oil demand. We're seeing historically high, phenomenally high growth figures for oil demand," he said. An OPEC+ technical committee convenes digitally on Wednesday to review market fundamentals and the individual production compliance of member countries. Three OPEC+ delegates, speaking anonymously because of the sensitivity of the discussions, told CNBC it is unlikely this week's JMMC meeting will lead to policy adjustments.

Persons: Haitham, CNBC's Dan Murphy, Ghais Organizations: Organization of Petroleum Exporting, Energy Asia Summit, Bloomberg, Getty, OPEC, Organization of, Petroleum, Abu Dhabi International Progressive Energy Congress, European Union, Brent, International Energy Agency, CNBC, COP28 Locations: OPEC, Europe, Ukraine, Paris

☆ Why Deion Sanders' players are just like investment bankers
▼ + stars: | 2023-09-30 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe Colorado Buffalo players who play for Deion Sanders are like young investment bankers. Deion Sanders is the biggest story in college football right now. A big part of Sanders' appeal is his no-nonsense approach to coaching and setting expectations for his players. For Chad Biagini, president of Nolan Partners, a sports-management company, the Colorado players remind him of investment bankers.

Persons: —, Deion Sanders, Sanders, Chad Biagini, Nolan, Biagini, it's Organizations: Service, Colorado Buffalo, Colorado Buffaloes, Nolan Partners Locations: Oregon, Colorado

☆ In Florida, Swimmers Brave an Ocean That Feels Like Steamy Syrup
▼ + stars: | 2023-07-19 | by ( Patricia Mazzei | More About Patricia Mazzei | ) www.nytimes.com time to read: +1 min

The water temperature near Key Biscayne, a barrier island just east of Miami, had already passed 89 degrees one morning this week. And though the ocean off South Florida was slightly cooler than the recent record highs that had stunned scientists and threatened marine life, it remained phenomenally hot. But on this serene patch of the Atlantic Coast, it was still a summer day at the beach, when nothing satisfies quite like a dip — even when the ocean feels like a thick, simmering syrup. “I like it warm,” shrugged Niki Candela, 20, a Miami native, moments after a powerful siren warned of approaching lightning. The shallow water was a crystalline teal, rolling oh so gently, not a cresting wave in sight.

Persons: “, shrugged Niki Candela Locations: Key Biscayne, Miami, South Florida, Gulf of Mexico

☆ What investors need to know about the crossover between A.I. and crypto
▼ + stars: | 2023-07-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

It's an opportunity worth watching for investors, and crypto speculators have recently been doing just that. Grayscale Investments recently highlighted three potential risks posed by AI that crypto could potentially limit – identity verification, centralization and data ownership and privacy. Accredited U.S. investors can gain direct exposure to AI-related crypto protocols by investing in private venture fundraising rounds, he added. "So far in 2023, venture capitalists have invested $422 million in crypto applications related to AI, privacy, and identity," according to Grayscale. "In total, the crypto-AI intersection represents more than 10% of total crypto venture capital (VC) funding to date, including two out of the four largest funding rounds."

Persons: —, memecoin influencer Elon Musk, Jack O'Holleran, O'Holleran, William Ogden Moore, Andreessen Horowitz, Sam Altman, Smart, We've Organizations: Nvidia, CNBC Locations: U.S, Gensyn

☆ Millennials aren't as rich as they were a year ago. Here's why.
▼ + stars: | 2023-06-28 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

The average millennial's net worth grew from $64,000 to $111,000 between the first quarter of 2020 and 2022. But just two years later, as of the first quarter of 2022, the average millennials' net worth surged to $111,000. As of the fourth quarter of last year — the most recent measure – millennials' average net worth had fallen to roughly $106,000. And what are the key factors that could impact millennials' wealth trajectory in the years to come? According to Ricketts, millennials' net worth has "plateaued" — rather than notably declined — over the past year.

Persons: —, Millennials, Matt Schulz, Schulz, Lowell Ricketts, Louis Fed, Ricketts, millennials, Gen Organizations: Service, Federal Reserve, St, Fed Locations: millennials

[1/3] A Lucid Air electric vehicle is displayed in Scottsdale, Arizona, U.S., September 27, 2021. REUTERS/Hyunjoo Jin/File PhotoJune 26 (Reuters) - British luxury carmaker Aston Martin (AML.L) has reached a deal that will give U.S. electric vehicle (EV) maker Lucid Group (LCID.O) a 3.7% stake in the company in return for access to its "high performance" technology, Aston Martin said on Monday. Subject to shareholder approval, Aston Martin will issue about 28.4 million new ordinary shares to Lucid Group. Smaller carmakers such as Aston Martin are more reliant on partnerships to make the transition. Lucid and Aston Martin have a common shareholder in Saudi Arabia's Public Investment Fund (PIF).

Persons: Hyunjoo Jin, Aston Martin, Lucid, Aston Martin's, PIF, Aby Jose Koilparambil, Rashmi Aich, Barbara Lewis Organizations: REUTERS, Lucid, Mercedes, Benz, Aston, Public Investment Fund, U.S, Tesla Inc, Thomson Locations: Scottsdale , Arizona, U.S, Aston Martin, Saudi, Bengaluru

☆ Opinion | America Has a Chance to Make Farming More Climate Friendly
▼ + stars: | 2023-06-12 | by ( Robert B. Semple Jr. | ) www.nytimes.com time to read: +14 min

Why, when we think of climate change, do we think of big oil, not big ag; Exxon and not Tyson? It’s time you met the big ag lobby, one of the most powerful influences on policy in America. But when we started digging into the big ag lobby, we discovered it’s basically — “The most powerful lobby on Capitol Hill. So the big ag lobby has one key aim — block environmental regulation. I absolutely envy how good these lobbyists are at their job.” It’s outrageous what the big ag lobby has gotten away with.

Persons: “, Peter Lehner, He’s, I’m, It’s, Tyson, Jennifer Jacquet, She’s, Peter, she’s, ”, Zippy Duvall, “ —, John Boehner, —, You’ve, Waxman, Markey, Obama, American Farm Bureau Federation didn’t, ” —, JBS, don’t, they’re, Chuck Schumer, Cory Booker, I’ve, they’ve Organizations: Agriculture, ExxonMobil, Shell, Exxon, Washington , D.C, American Farm Bureau Federation, Capitol, U.S . Farmers, Tyson, New York Times, Republican, Senate’s Agriculture, pharma Locations: America, United States, Lake Erie, U.S, China, Washington ,, Kyoto, Senate’s

☆ Former Fed Chair Ben Bernanke says there's more work ahead to control inflation
▼ + stars: | 2023-05-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Saul Loeb | AFP | Getty ImagesWASHINGTON — Former Federal Reserve Chair Ben Bernanke, who guided the central bank and the U.S. economy through the Great Recession, thinks central bankers still have work to do to bring down inflation. Since leaving the Fed in 2014, Bernanke has been a distinguished senior fellow at the Brookings Institution. watch nowTheir paper notes that inflation has evolved since ballooning to a 40-year high in the summer of 2022. In a forum Tuesday presented by the Brookings Institution, Bernanke, Blanchard and other high-profile economists and academics discussed the root causes and what policymakers should do as they review policies for the future. The Fed only began raising interest rates in March 2022, a full year after its preferred inflation gauge eclipsed the target.

Persons: Ben Bernanke, Saul Loeb, Olivier Blanchard, Bernanke, Blanchard, Jason Furman, I'm, … Organizations: Federal Reserve, Thomas Laubach Research, Federal Reserve Board, AFP, Getty Images WASHINGTON, Former Federal, Fed, Brookings Institution, Peterson Institute for International Economics, of Economic Advisers, Harvard Locations: Washington , DC, U.S

☆ Hurricanes of Data: The Tiny Craft Mapping Superstorms at Sea
▼ + stars: | 2023-05-09 | by ( Porter Fox | ) www.nytimes.com time to read: +35 min

The Tiny Craft Mapping Superstorms at Sea Shortly after dawn on Sept. 30, 2021, Richard Jenkins watched a Category 4 hurricane overrun his life’s work. That August, a sister ship, SD 1031, successfully entered Tropical Storm Henri, but only in its early stages. Hurricane research, modeling and forecasting requires many terabytes of data for every square mile the storm passes through, including vitally important sea-level data from inside a storm. The next day, the depression was upgraded to a tropical storm and officially given the name Sam. And four months later, Tropical Storm Megi killed more than 150, wiped out several villages with landslides and displaced more than a million people.

☆ Meet Kim Posnett, the powerful Goldman Sachs dealmaker who was just named head of the investment bank's TMT unit
▼ + stars: | 2023-05-03 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

Kim Posnett was just named head of Goldman's all-important TMT investment banking group. Posnett, 43, has long been one of the most senior figures at Goldman's investment bank. Posnett was previously the head of Goldman's investment-banking services unit, which acts as a salesforce for the global IB division. The former co-head of Goldman's TMT franchise will become co-chairman of the unit. The former would result in the IB services group, which functions, in effect, as a sales force.

☆ A new book by a Pulitzer Prize winner unsuccessfully tries to take down the private equity industry and fixates on Leon Black. Here's what it gets wrong.
▼ + stars: | 2023-04-24 | by ( Jonathan A. Knee | ) www.businessinsider.com time to read: +7 min

The economic and political influence of the private equity sector has exploded in the last 20 years. It's true that few topics have attracted greater attention from not only crusading journalists but serious academics than the impact of private equity ownership. This supports their belief that private equity firms "carry very little risk if the company fails." This view of a "typical" private equity deal is simply untrue: Even back in 2005, the average loan-to-value percentage for new private equity deals was 68% — firms already contributed over 30% in equity to the deals not under 10% as claimed. 'Smart buyer, dumb seller'One of the important developments in private equity of the last decades has been the emergence of major private funds focused on technology investing.

[1/2] CEO Ralph Hamers of Swiss bank UBS addresses the Annual Meeting of Swiss Financial Institute (SFI) in Zurich, Switzerland November 10, 2022. Hamers, with no big-ticket M&A experience under his belt, has cut his teeth reshaping a major Dutch lender mostly by selling businesses. Reuters Graphics Reuters GraphicsA nearly 30-year veteran of Dutch lender ING - he married a former colleague from the bank - Hamers was a surprise choice when he was appointed in early 2020 to lead UBS. UBS declined to comment on the matter on Monday but the bank said at the time that it had "full confidence" in Hamers. Former Unilever CEO and fellow Dutchman Paul Polman gave a Hamers a vote of confidence on Monday, telling Reuters that "Hamers is a purposeful leader certainly well prepared to lead Swiss banking through these challenging times."

☆ Studies show how asteroid-bashing spacecraft was 'phenomenally successful'
▼ + stars: | 2023-03-01 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

[1/4] This image depicts NASA's DART spacecraft and its two long solar panels over the spot where it impacted asteroid Dimorphos in September 2022. "The DART test was phenomenally successful. The Double Asteroid Redirection Test (DART) spacecraft collided on Sept. 26 at about 14,000 miles per hour (22,530 kph) into Dimorphos, an asteroid about 490 feet (150 meters) in diameter, roughly 6.8 million miles (11 million km) from Earth. Finally, the spacecraft bus - the box between the solar panels - hit between these two boulders," Daly said. The research also clarified details such as the precise location of the impact and the angle of impact.

Slightly over 15 million Twitter users voted in the poll with 51.8% voting in favor of reinstatement. Trump will be reinstated," Musk tweeted. Some users initially reported being unable to follow the reinstated account on Saturday evening. He also said Twitter would not reinstate any banned users until there was a "clear process for doing so." He has used Truth Social to promote his allies, criticize opponents and defend his reputation amid legal scrutiny from state, congressional and federal investigators.

Slightly over 15 million Twitter users voted in the poll with 51.8% voting in favor of reinstatement. But Trump also said Twitter suffered from bots, fake accounts and that the problems it faced were "incredible". He also said Twitter would not reinstate any banned users until there was a "clear process for doing so." Truth Social has been Trump’s main source of direct communication with his followers since he began posting on the app regularly in May. He has used Truth Social to promote his allies, criticize opponents and defend his reputation amid legal scrutiny from state, congressional and federal investigators.

☆ 'Midnights' album snubbed at Grammys? Here's what really happened
▼ + stars: | 2022-11-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —The Grammy nominations are always fodder for surprises and snubs, but in the case of Taylor Swift, it’s not what it may appear. Her latest album, “Midnights,” has been phenomenally successful and made her the first artist to ever occupy all the top 10 spots on the Billboard Hot 100 simultaneously. Enter the Grammy rules singing, “It’s me, hi, I’m the problem, it’s me” (lyrics made popular by Swift’s recent single “Antihero”). Turns out the deadline to be considered for a Grammy nomination this year was October 1 and Swift’s album was released a few weeks after that. Swift received for four nominations including song of the year for “All Too Well (10 Minute Version) (The Short Film).”

☆ Taylor Swift’s ‘Midnights’ snubbed at Grammys? Here’s what really happened
▼ + stars: | 2022-11-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —The Grammy nominations are always fodder for surprises and snubs, but in the case of Taylor Swift, it’s not what it may appear. Swift was already the most streamed artist over a 24-hour period on Spotify and good luck getting tickets to her upcoming tour. So some are asking why her newest collection of songs was not nominated for a Grammy on Tuesday. Turns out the deadline to be considered for a Grammy nomination this year was October 1 and Swift’s album was released a few weeks after that. Swift received for four nominations including song of the year for “All Too Well (10 Minute Version) (The Short Film).”

☆ All the best products we’ve tested in 2021 (so far)
▼ + stars: | 2021-11-03 | by ( Cnn Underscored Staff | ) edition.cnn.com time to read: +62 min

Best coffee subscription: Blue Bottle (starting at $11 per shipment; bluebottle.com)Blue BottleBlue Bottle’s coffee subscription hit all of our marks during the testing process. This mask, though, formed the best seal around the edges, blocking out more light than any other mask we tested. Not only does it keep your drinks hot or cold for many hours, it’s solidly durable and has the best lid we’ve ever tested. Best smart display: Amazon Echo Show 8 ($99.99, originally $129.99; amazon.com)AmazonThe Echo Show 8 is the best smart display we tested, with a versatile 8-inch screen in a build that really fits anywhere. Best smart thermostat: Nest Learning Thermostat ($223, originally $229; amazon.com)GoogleThe Nest Learning Thermostat studies your habits and controls the temperature in your home automatically.

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