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☆ Rupert Murdoch's succession plans just got a lot more like 'Succession'
▼ + stars: | 2024-07-25 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewAn intrafamily battle that could have been pulled straight out of the page of Jesse Armstrong's "Succession" has been playing out behind the scenes for the future of Rupert Murdoch's vast media empire. Lachlan, who is sometimes seen as a parallel to Roman Roy, as Business Insider's Madeline Berg reported, would likely preserve the political leanings of the media empire once he takes over. AdvertisementMurdoch's decision to give Lachlan control of his media empire has left the patriarch estranged from his three eldest children, according to the Times. None of the three children attended Murdoch's wedding to Elena Zhukova in June at his California vineyard, according to the Times report. Elisabeth left the media empire years ago in 2000, while Prudence is said to be the least involved in the business.

Persons: —, Jesse Armstrong's, Rupert Murdoch's, Rupert Murdoch, Lachlan Murdoch, Lachlan, — James, Elisabeth, Prudence —, Rupert, Roman Roy, Madeline Berg, James, Prudence, Murdoch, Elena Zhukova, Donald Trump Organizations: Service, Fox, News Corp, Fox News, Street Journal, The New, The New York Post, Business, The New York Times, Times, New Yorker Locations: The New York, Reno , Nevada, Nevada, California

☆ 'Fly Me to the Moon' explores the ultimate space race conspiracy theory. Here's what's fact and fiction in the movie.
▼ + stars: | 2024-07-12 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

Read preview"Fly Me to the Moon," Scarlett Johansson and Channing Tatum's new romantic comedy-drama about faking the moon landing, is fictional but draws on some true historical events. The White House eventually tasks Kelly with filming a fake moon landing in case the real one fails. Apollo 11 spaceship launch director Cole Davis (Tatum) opposes Kelly's plan, believing it will discredit NASA's efforts. This storyline leans into the conspiracy theory that NASA faked the US moon landing in 1969. But there's no evidence to suggests NASA or any network tried to fake the moon landing.

Persons: —, Scarlett Johansson, Channing Tatum's, Kelly Jones, Johansson, Kelly, Cole Davis, Tatum, NASA's, Bill Kaysing, Greg Berlanti, Berlanti, Neil Armstrong, Buzz Aldrin, Michael Collins, Cole, Nick Dillenburg, Christian Zuber, Colin Woodell, Ed White, Roger Chaffee, Gus Grissom, Nikita Khrushchev, Yuri Gargarin, Henry Smalls, Ray Romano, Dan McFadden, Sony Pictures Kelly didn't, David Meerman Scott, Richard Jurek's, Armstrong's Organizations: Service, Business, NASA, Hollywood, Entertainment, Sony Pictures, Television, Sony Pictures NASA's Locations: USSR, Cape Kennedy, Florida, Christian, Vietnam

☆ A global scramble to make humanoid robots is gearing up to be the 21st century's space race
▼ + stars: | 2024-03-30 | by ( Joshua Zitser | Jyoti Mann | ) www.businessinsider.com time to read: +11 min

Humanoid robots are symbols of power and technological capability, a geopolitics expert says. An incident earlier this month involving a Saudi humanoid robot inappropriately touching a female reporter might not at first seem even remotely connected. AdvertisementHumanoids are visual representations of breakthroughs in AIIn Italy, the Istituto Italiano di Tecnologia is working on iCub, a research-grade humanoid robot. AdvertisementChina wants to take the leadWhen it comes to humanoid robots, China is vying for the top spot, so it's no wonder other nations are getting nervous. "The vast magnitude of the market offers an unmatched chance to test, improve, and expand the uses of humanoid robots," he said.

Persons: —, Neil Armstrong's, Muhammad, Elie Metri, Giorgio Metta, Metta, there's, Zen Koh, Koh, Peggy Johnson, Johnson, it's, David Becker, OpenAI, Mercedes, Tesla, Julian Mueller, Kaler, Mueller, Tang Ke, Li Boyang, Will Jackson, Johannes Simon, you've, Jackson, we're, Gartner, Nvidia's, Melonee Wise, Justin Sullivan, Metri Organizations: Service, Robotics, QSS Robotics, Muhammad, Istituto, Tecnologia, European Union, Ministry of Industry, Information Technology, Fourier Intelligence, Getty, BMW, Strategic Foresight, Stimson, TIME, Beijing, Conference, Boston Dynamics, Arts, Engineered Arts, GTC, Getty Images Saudi Locations: China, Saudi Arabia, Italy, Soviet Union, Saudi, DeepFest, Riyadh, Robotics Saudi Arabia, India, Nigeria, Shanghai, Oregon, Las Vegas, Texas, Beijing, China's Liaoning Province, San Jose , California, Getty Images Saudi Arabia, QSS, Europe

The sun is about to pull another disappearing act across North America, turning day into night during a total solar eclipse. Photos You Should See View All 15 ImagesHere's what to know about April’s extravaganza and how to prepare:WHAT HAPPENS DURING THE TOTAL SOLAR ECLIPSE? By a cosmic stroke of luck, the moon will make the month’s closest approach to Earth the day before the total solar eclipse. WHEN IS THE NEXT TOTAL SOLAR ECLIPSE? The next total solar eclipse, in 2026, will grace the northern fringes of Greenland, Iceland and Spain.

Persons: Kelly Korreck, Neil Armstrong's, won’t, NASA’s Organizations: Michigan —, Indianapolis Motor, Armstrong Air, Space Museum, NASA, Space, Pacific, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: North America, Texas, Oklahoma, New England, Canada, Mazatlán, Mexico, Newfoundland, U.S, — Tennessee, Michigan, Dallas, Rock , Arkansas, Indianapolis, Cleveland , Ohio, Buffalo , New York, Montreal, Seattle, Portland , Oregon, Africa, Tiffin , Ohio, Russellville , Arkansas, Wapakoneta , Ohio, Virginia, Greenland, Iceland, Spain, Alaska, Western Canada, Montana, North Dakota, Northern California, Cape Canaveral , Florida, Carbondale , Illinois

AUSTIN, Texas (AP) — Federal investigators say a local want ad for a yoga instructor in Costa Rica helped them capture the woman who killed rising pro cyclist Anna Moriah Wilson in 2022. Kaitlin Armstrong was convicted and sentenced to prison for 90 years in November for gunning down Wilson in Austin, Texas in a jealous rage. Investigators had been searching for Armstrong for more than a month and believed she was moving around Costa Rica looking for work as a yoga instructor. Armstrong was still wearing a bandage on her face when Perez met the woman at a hostel and recognized Armstrong's eyes from photographs. Political Cartoons View All 253 Images“I noticed that she had a bandage on her nose and possibly her lips were swollen, and I saw her eyes,” Perez said.

Persons: Anna Moriah Wilson, Kaitlin Armstrong, gunning, Wilson, Armstrong, Emir Perez, Damien Fernandez, Santa Teresa, “, Perez, ” Perez, ” Wilson Organizations: —, CBS, ”, U.S, Local, Dartmouth College Locations: AUSTIN, Texas, Costa Rica, Austin , Texas, beachside, Santa, Vermont, New Hampshire, Austin

Kaitlin Armstrong, 35, has been charged with murder and faces up to 99 years in prison in the May 2022 shooting death of Wilson, a competitive gravel and mountain bike racer. Wilson had been shot five times when she was found at a friend's home before a race she was among the favorites to win. Armstrong's SUV was seen at the home where Wilson was staying the night she was killed. Federal authorities tracked Armstrong to Costa Rica, where investigators said she tried to change her appearance and used several aliases while attempting to establish herself as a yoga instructor in that country. The trial judge placed a gag order on the case in August 2022, preventing her defense attorneys or prosecutors from commenting.

Persons: gunning, Anna Moriah Wilson, Kaitlin Armstrong, Wilson, Mo, ”, Armstrong Organizations: Police Locations: AUSTIN, Texas, Costa Rica, Vermont

☆ Morgan Stanley says buy this real estate name focused on sustainability after sell-off
▼ + stars: | 2023-10-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Hannon Armstrong 's improving fundamentals should lead to a turnaround for the stock, according to Morgan Stanley. Structured as a real estate investment trust, Hannon Armstrong provides renewable energy projects with debt and equity capital. HASI YTD mountain HASI YTD chart The analysts believe the selloff cannot be justified when given the company's strategic business decisions, along with its balance sheet flexibility and move toward an equity self-funding model. Additionally, Morgan Stanley noted that the sustainable investment firm's high cash flow can support steady dividends to come. Morgan Stanley isn't the only firm on Wall Street that likes Hannon Armstrong.

Persons: Hannon Armstrong, Morgan Stanley, Andrew Percoco, Hannon Armstrong's, HASI, Morgan Stanley isn't, Baird, — CNBC's Michael Bloom

AUSTIN, Texas (AP) — A woman awaiting trial in the killing of professional cyclist Anna Moriah Wilson tried to run from officers escorting her to a doctor appointment Wednesday, authorities said. Two corrections officers had taken Kaitlin Armstrong to the appointment and were escorting her back to a patrol vehicle “when she ran," Travis County Sheriff spokeswoman Kristen Dark said. Armstrong ran more than a block into a neighborhood, but she could be seen by deputies the entire time before she was caught, Dark said. Armstrong and the two officers were taken to a hospital for a brief examination after the incident, and Armstrong was later returned to jail. Authorities have said Armstrong tried to change her appearance and used several aliases as she moved around Costa Rica while attempting to establish herself up as a yoga instructor in that country.

Persons: —, Anna Moriah Wilson, Kaitlin Armstrong, Kristen Dark, Armstrong, Dark, Rick Cofer, Wilson, Colin Strickland Organizations: Authorities, Police Locations: AUSTIN, Texas, Travis, Vermont, Austin, Costa Rica

☆ This sustainability-focused real estate stock can rally more than 80%, Baird says
▼ + stars: | 2023-10-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

A proven track record of success gives Hannon Armstrong a leg up over its peers, according to Baird. The firm reiterated its outperform rating of Hannon Armstrong on Tuesday, naming it a bullish fresh pick. Organized as a REIT, Hannon Armstrong specializes in providing financing for sustainable infrastructure projects in the form of debt and equity capital. Additionally, a competing investment firm's recent reduction of Hannon Armstrong's dividend growth outlook may have also contributed to the sell-off. HASI YTD mountain HASI YTD chart "This frustration and bearish sentiment for broader renewables sector growth outlook in the near term have compounded weakness and led to shares being oversold in our view," he wrote.

Persons: Hannon Armstrong, Baird, Ben Kallo, Hannon, — CNBC's Michael Bloom

☆ Kuss victory can boost U.S. road racing, says Horner
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +3 min

LONDON, Sept 18 (Reuters) - Sepp Kuss's unlikely victory in La Vuelta a Espana could provide a timely boost for a flagging road cycle racing scene in the United States, according to Chris Horner whose 2013 triumph Kuss emulated on Sunday. The 29-year-old Kuss entered the race as a 'domestique' for more illustrious Jumbo-Visma team mates Jonas Vingegaard and Primoz Roglic. The road race scene is hardly booming in the U.S with few stage-racing opportunities for up-and-coming riders after the demise of the Tour of California, Colorado and Utah. "The racing scene in the U.S. is drowning or at best its nose is over the water. They were having meetings before the race, during the race, after the race, and then before everyone went to bed.

Persons: Sepp Kuss's, Chris Horner, Kuss, Jonas Vingegaard, Horner, Greg LeMond, Lance, Vingegaard, Jumbo, GCN, Angliru, Sepp, Visma, Richard Plugge, Martyn Herman, Christian Radnedge Organizations: La, de France, Giro, of California, EF Education, de, Jumbo, Thomson Locations: Espana, United States, U.S, of California , Colorado, Utah, Madrid

☆ Coinbase CEO Brian Armstrong is sounding the alarm on a potential 'staking' crackdown. Here's what it says about crypto
▼ + stars: | 2023-02-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

"We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers," he said in his tweet . Staking is not just a yield-generating opportunity for crypto investors, it's also essential to the way proof-of-stake protocols like Ethereum operate. If there was some kind of chokehold on staking or staking services, the outcome for Ethereum could be "disastrous," according to Owen Lau, an analyst at Oppenheimer. That opportunity is widely seen as a catalyst for mainstream adoption of crypto and a revenue opportunity for exchanges like Coinbase. Armstrong's latest comments came a day before Kraken, one of Coinbase's main exchange competitors, agreed to shutter its crypto staking operations to settle charges with the SEC, according to CoinDesk.

☆ Tech sector should see 'very strong' second half of 2023, says Flowcode CEO Tim Armstrong
▼ + stars: | 2023-01-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech sector should see 'very strong' second half of 2023, says Flowcode CEO Tim ArmstrongTim Armstrong, Flowcode CEO and former AOL CEO, joins 'Squawk Box' to discuss Armstrong's thoughts on the digital ad space, how the tech sector will play out through the year and more.

☆ 'It appears massive fraud was committed': Here are the 7 best quotes from Coinbase CEO Brian Armstrong's interview on crypto, FTX, and the future of digital assets.
▼ + stars: | 2022-12-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The implosion of FTX shook the crypto industry to its core in recent weeks as token prices continue to fall. CEO Brian Armstrong gave an interview to the Stratechery newsletter, and these are the best quotes. CEO Brian Armstrong spoke with the Stratechery newsletter on Thursday, addressing the future of crypto as well as the implosion of FTX and its impact going forward. On the prevalent fraud in crypto"I do think we have to admit as an industry that crypto has attracted more fraudsters than we'd like. On the future of crypto"There are enough great people working in crypto that I think this industry is going to do really well.

☆ Outperforming asset manager picks 3 global retailers to short amid a fall in consumer spending
▼ + stars: | 2022-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of mass market retailers will fall as profit margins are squeezed, and consumers curtail spending next year, according to Plurimi Wealth's chief investment officer. Selling shares "short" means borrowing shares through a broker to sell them immediately with a plan to repurchase them when the price is lower. In such an environment, mass market retailers that benefit from discretionary spending will see their revenues decline. While investors are split over the health of the American consumer, European shoppers are mostly expected to curtail their spending habits next year. Elsewhere in Europe, economists are also expecting a recession for the first half of next year that will impact discretionary spending.

☆ Outperforming asset manager picks the stocks set to win as margins get squeezed
▼ + stars: | 2022-11-25 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

"Consumers are going to have their purse strings pulled by utility bills, higher mortgage costs, higher petrol prices, and there's going to be margin squeeze." He said wage pressure and higher commodity prices were particularly challenging and could eat into companies' margins. Luxury Luxury stocks are another favorite for Armstrong. Moreover, the "massive" profit margins of luxury companies are also insulated from increases in input prices, he added. Within the space, Armstrong's fund owns French luxury goods companies LVMH and Hermes , given their "defendable margins" and the ability to be price setters.

☆ Coinbase's CEO says FTX's Sam Bankman-Fried reached out for emergency funds: 'It felt like a pretty bad situation that we wanted to stay away from'
▼ + stars: | 2022-11-10 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Coinbase CEO Brian Armstrong confirmed to CNBC that Sam Bankman-Fried approached him to try to raise emergency funds for FTX. Armstrong's revelation comes as Bankman-Fried reportedly warned investors that he needs to raise $4 billion in emergency funding or risk bankruptcy, according to a report by Bloomberg. "I f---ed up," Bankman-Fried reportedly told investors. Investors reportedly withdrew $6 billion from the FTX earlier this week on fears of a cryptocurrency meltdown, creating a liquidity crunch for the company. Armstrong told CNBC he felt "duped" by Sam Bankman-Fried after revelations of how FTX reportedly misused customer funds came to light.

☆ YouTubers are pushing dodgy crypto investment advice. Here’s why you should ignore it.
▼ + stars: | 2022-09-26 | by ( Rob Price | Meghan Morris | ) www.businessinsider.com time to read: +15 min

Together, these revenue streams mean cryptocurrency influencers profit off their viewers no matter which way the market turns. Of course, crypto YouTube is a far cry from the regulated world of traditional finance. Armstrong told the Post that he made "maybe close to a million" from before dropping sponsored content in January 2022. A price list leaked by ZachXBT appears to show that dozens of small crypto influencers also have menus for similar undisclosed deals. But with little regulatory oversight, crypto influencers show little sign of slowing down — despite the precipitous decline of the crypto market.

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