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☆ Wealthy investors support Harris over Trump, new survey says
▼ + stars: | 2024-09-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

According to a UBS survey of investors with at least $1 million of investible assets, 57% plan to vote for Harris and 43% plan to vote for Trump. Harris wins 91% of Democratic millionaires surveyed, 12% of Republicans and 60% of independents. Trump wins 88% of Republican millionaires, 9% of Democrats and 40% of independents. While they support Harris more broadly, the investors who were surveyed give Trump slightly higher marks on the economy and taxes. If Trump wins, they said defense and energy stocks look attractive, but if Harris wins, they said health care, sustainable investing and tech stocks look best, according to the survey.

Persons: Kamala Harris, Philip Chosky, Donald Trump, Harris, Trump . Harris, Trump Organizations: Democratic, Philip, Philip Chosky Theatre, UBS, Trump ., Trump, Social Security, Millionaire Locations: Pittsburgh , Pennsylvania

☆ Planning to delay retirement may not rescue you from poor savings
▼ + stars: | 2024-09-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they've saved too little to support themselves in old age. About 27% of workers intend to work in retirement because they need to supplement their income, according to a new CNBC and SurveyMonkey survey. While working longer is among the best ways to shore up one's nest egg, the plan may backfire, according to retirement experts. If workers lose those wages, they'd have to figure out another way to make their retirement savings last. There are benefits to working longerWorking longer — for those who can do it — is a financial boon, according to retirement experts.

Persons: Alistair Berg, Digitalvision, they've, Philip Chao, Chao, EBRI Organizations: Getty, CNBC, Workers, Urban Locations: John , Maryland

☆ This is the 'billion-dollar blind spot' of 401(k)-to-IRA rollovers, Vanguard finds
▼ + stars: | 2024-09-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Rollovers from a workplace retirement plan to an IRA are common after reaching certain milestones like changing jobs or retiring. watch nowAbout two-thirds of rollover investors hold cash unintentionally: 68% don't realize how their assets are invested, compared to 35% who prefer a cash-like investment, according to Vanguard. The asset manager surveyed 556 investors who completed a rollover to a Vanguard IRA in 2023 and left those assets in a money market fund through June 2024. "IRA cash is a billion-dollar blind spot," Andy Reed, head of investor behavior research at Vanguard, said in the analysis. 'It always turns into cash'The retirement system itself likely contributes to this blind spot, retirement experts said.

Persons: Sergio Mendoza Hochmann, Andy Reed, Stocks, Philip Chao, Grace Cary, they're, Chao Organizations: Vanguard, Vanguard IRA, Finance, Security Locations: John , Maryland

Across nine generations, Archie Kalepa’s family has seen the waterfront in Lahaina, a town on the island of Maui, undergo repeated transformation. Once the home of the Hawaiian Kingdom’s royalty, Lahaina’s shores over the centuries became a stop for whalers plundering the seas, for missionaries spreading the Christian gospel, for plantation owners who opened canneries to prepare their bounty of pineapples for export. More recently, tourists packed high-end galleries and shoreline restaurants that offered sunset meals of ahi tuna and taro. Relics of each of those layers of history were turned to ash a year ago, when an Aug. 8 inferno roared through Lahaina, killing at least 102 people. That would mean doing what for many has seemed unthinkable until now: transforming the famous waterfront by peeling back history, removing some of the gift shops, restaurants and beachwear boutiques that, before the fire, perched above the shoreline.

Persons: Archie Kalepa’s, Kalepa Locations: Lahaina, Maui

☆ Opinion: Will Britain’s widely expected next Labour prime minister, Keir Starmer, be the heir to Tony Blair?
▼ + stars: | 2024-07-03 | by ( Opinion Philip Collins | ) edition.cnn.com time to read: +7 min

In its 118 years of existence, the Labour Party has been in power for only 33 years. Since the Second World War, Labour has had only three election winners — Clement Attlee, Harold Wilson and Tony Blair. Newly elected British Prime Minister Tony Blair is greeted by a sea of well-wishers in Downing Street, on May 2, 1997. Rebecca Naden/PA/APIn 1997 Tony Blair had been leader of the Labour Party for three years and had never been behind in the opinion polls. Britain's current Labour leader, Keir Starmer with former Labour leaders and prime ministers Tony Blair and Gordon Brown during a reception for King Charles III, in September 2022.

Persons: Philip Collins, Tony Blair, Read, CNN —, — Clement Attlee, Harold Wilson, Sir Keir Starmer, Tony Blair’s, Margaret Thatcher, Boris Johnson, Blair, Adam Butler, Noel Gallagher, Rebecca Naden, Neil Kinnock, John Smith, Philip Collins Starmer, Kinnock, Smith, Starmer, Jeremy Corbyn, Boris Johnson’s, Keir Starmer, Gordon Brown, King Charles III, Brown, Blair's, Kirsty O'Connor, Bury, – Organizations: CNN, CNN — Britain’s Labour Party, Labour Party, Labour, Conservative Party, Conservative, Conservatives, British, Blair's Labour Party, British Prime, Oasis, New Labour, Boris Johnson’s Conservative Party, Getty, Bury, Twitter, Facebook Locations: British, Downing, Bury, England –, Britain

☆ The Baltimore Bridge cargo ship’s crew has been stuck on board for 7 weeks. What life is like on the Dali vessel
▼ + stars: | 2024-05-18 | by ( Holly Yan | ) edition.cnn.com time to read: +10 min

Mark Nestlehutt boarded the Dali cargo ship a week after it crashed into a Baltimore bridge, anxious questions emerged among the 21 crew members:“When will I get off the ship? When will I be able to get home?”More than a month later, crew members still don’t know the answers. But the FBI has only returned some of the crew members’ SIM cards, he said. They’re also assisting with the salvors.”The Singaporean-flagged Dali cargo vessel is shown on March 26, hours after it destroyed Baltimore's Francis Scott Key Bridge. Their one-month visas expired during the nearly two months they’ve been trapped on the Dali, Duan said.

Persons: Mark Nestlehutt, They’ve, Dali, Francis Scott Key, ”, Gwee Guo Duan, they’ve, Philip C, Schifflin Jr, ” Schifflin, Nestlehutt, “, Duan, Dave Heindel, Bro Chen Chuanyi, ” Don Marcus, Darrell Wilson, They’re, Baltimore's Francis Scott Key, Julia Nikhinson, ” Wilson, Wilson, Duan –, can’t, “ They’re, ” Duan, nonessential, Schifflin, Gloria Pazmino Organizations: CNN, Francis Scott Key Bridge, FBI, Singapore Maritime Officers ’ Union, Center, Mariner, Federal Register, Seamen’s Church Institute, Singapore Organisation of Seamen, International Union, ”, ITF, International Organization of Masters, Synergy Marine, –, Marine, Synergy, National Transportation Safety, Walmart Locations: Baltimore, Lankan, United States, Dali

☆ How a Novelist Became a Pop Star
▼ + stars: | 2024-05-10 | by ( Emily Lordi | Philip Cheung | ) www.nytimes.com time to read: +2 min

“I hope you fall in love, I hope it breaks your heart” is the refrain (in English translation) of “Pasoori,” Ali Sethi’s 2022 global hit. The song, performed as a duet with the Pakistani singer Shae Gill, defies such simple classifications — it’s a pop banger sung in Urdu and Punjabi, punctuated with flamenco handclaps and driven by a reggaeton beat. It’s now been viewed some 850 million times on YouTube, including by countless Indian fans. Sethi, 39, is a master of microtonal singing, gliding between the notes of the Western tempered scale. In 2009, he published “The Wish Maker,” a semiautobiographical coming-of-age novel set in his home city.

Persons: ” Ali, Shae Gill, Sethi, —, ” Sethi, It’s, He’s, Ustad Saami, Farida Khanum, “, ”, Jane Austen, Zadie Smith, Indiana Jones, Mariah Carey, Nusrat Fateh Ali Khan Organizations: Pakistani, YouTube, Harvard Locations: Pakistani, Manhattan’s East, Lahore

☆ Live Updates: Police Clear U.C.L.A. Encampment and Arrest Protesters
▼ + stars: | 2024-05-02 | by ( Jonathan Wolfe | Mike Ives | ) www.nytimes.com time to read: +12 min

But by Wednesday morning, the peace at the University of California, Los Angeles, had been shattered. Many critics were incredulous that even after officers with the Los Angeles Police Department arrived, there were no arrests or suspensions. Campus officials ordered protesters on Wednesday evening to leave the encampment or face arrest. Image A group of counterprotesters attacked a pro-Palestinian encampment at the University of California, Los Angeles, on Tuesday night. seemed to wait too long to call in the Los Angeles police, whose officers did not arrive until after midnight.

Persons: fistfights, “, ”, Marie Salem, Mark Abramson, ANGELES Royce Hall Dickson, Ms, Salem, Aidan Woodruff, Mr, Woodruff, counterprotesters, Philip Cheung, Gene Block, Block, Israel counterprotesters, Karen Bass’s, Counterprotesters, Michael Nasir, Mary Osako, Katy Yaroslavsky, streetlight, Hussam Ayloush, Rob Bonta, Ayloush, Benjamin Kersten, Bella Brannon, Brannon, Jill Cowan, Shawn Hubler, Livia Albeck, Claire Fahy, John Yoon, Yan Zhuang Organizations: University of California, Student, The New York, The New York Times, Los Angeles Police Department, OF, ANGELES Royce Hall Dickson, ANGELES Royce Hall, ANGELES Royce Hall Dickson Court, ., Israel, Royce Hall, Los Angeles police, Police Department, Patrol, California, Credit, . Palestinian Solidarity, Jewish, Fairfax District, Jewish Federation Los, Los, Los Angeles Area, Islamic Relations, Jewish Voice, Peace Locations: Los Angeles, U.C.L.A, Israel, California, . Palestinian, counterprotesters, ”, Westside, Beverly Hills, Iranian, Gaza, Palestine

☆ The final scenes of 'The Crown' uncannily predicted the current state of Britain's royal family
▼ + stars: | 2024-03-15 | by ( Mikhaila Friel | Eve Crosbie | ) www.businessinsider.com time to read: +7 min

One scene showed a conversation between the Queen and Prince Philip about the next generation of royals. The royal family suffered several setbacks after King Charles took the throne in September 2022. AdvertisementThe final moments of Netflix's "The Crown" seemingly predicted the state of the royal family in the aftermath of Queen Elizabeth's death. The royal family is in chaosIn January 2023, Prince Harry's bombshell memoir, "Spare," was published, revealing previously unreleased details about his fallout with the royal family. The most recent Sovereign Grant report showed that the royal family cost British taxpayers £86.3 million, or about $110.5 million, during the 2022-23 financial year.

Persons: Queen, Prince Philip, King Charles, —, Queen Elizabeth's, Queen Elizabeth II, Imelda Staunton, Olivia Colman, Claire Foy, Prince Phillip, it's, Philip, We'll, chides Philip, Samir Hussein, Prince Harry's, William, Harry, Meghan Markle, Camilla, Meghan, Buckingham, Graham Smith, King Charles ', King Charles and Prince William, Chris Jackson, Smith, hadn't, Grant, Kate Middleton Duchess, Cambridge, Germany Chris Jackson, Kate Middleton, Charles, Kate, Wales, Evan Nierman, Instagram, Phil Chetwynd Organizations: Service, Netflix, Windsor Castle, Getty, Getty Images, REUTERS, Metropolitan Police, Sky, BI, British, PR, BBC, AFP Locations: British, George's, Windsor, Buckingham, Poland, Germany, Berlin, Kensington

☆ Where Electric Vehicles Are (and Aren’t) Taking Off Across the U.S.
▼ + stars: | 2024-03-06 | by ( Nadja Popovich | ) www.nytimes.com time to read: +7 min

Where Electric Vehicles Are (and Aren’t) Taking Off Across the U.S.Last year, Americans bought more than one million fully electric cars, trucks and SUVs, a record and a milestone for the country’s transition away from gas-powered vehicles. To fight climate change, the Biden administration and many state governments want to accelerate the transition to electric vehicles. experience from pretty easy and kind of hard,” said Ken Kurani, a researcher focused on electric vehicles at the University of California, Davis. Only two electric vehicles in the analysis, both made by Tesla, cost the same or less than similar gas models. But for now, “there are some very real ways in which, in comparison to conventional vehicles, electric vehicles either really are still struggling to be as good or better, or are struggling against the imagination that they’re not as good or better,” he said.

Persons: Tom Libby, Mr, Libby, “, ”, Biden, Ken Kurani, Kurani, Brittany Greeson, Philip Cheung, We’re, Tesla, “ We’re, Jessica Caldwell, Kelley, Davis Organizations: P Global Mobility, P, Pew Research Center, University of California, The New York Times, BMW, Ford, Hyundai, General Motors Locations: Florida, Texas, West Coast, California, San Francisco Bay, Los Angeles, Detroit, Bismarck, N.D, United States, Davis, Chicago, Norway, Edmunds, U.C

But there's some unexpected good news: The rate of new gonorrhea cases fell for the first time in a decade. Total cases surpassed 207,000 in 2022, the highest count in the United States since 1950, according to data released Tuesday. About 59,000 of the 2022 cases involved the most infectious forms of syphilis. STD testing was disrupted during the COVID-19 pandemic, and officials believe that's the reason the chlamydia rate fell in 2020. “We are encouraged by the magnitude of the decline,” Mermin said, though the gonorrhea rate is still higher now than it was pre-pandemic.

Persons: It's, gonorrhea, Philip Chan, Meghan O’Connell, O'Connell, Jonathan Mermin, ” Mermin Organizations: U.S . Centers for Disease Control, Prevention, CDC, Brown University, Plains Tribal, ’, U.S . Department of Health, Human Services, District of Columbia, CDC’s National Center, HIV, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: United States, U.S, Providence , Rhode Island, Alaska, South Dakota, New Mexico, South, Rapid City , South Dakota

☆ Having too many options can paralyze investors. Here's how you can overcome 'choice overload'
▼ + stars: | 2024-01-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Humans get overwhelmed by too many options, a behavioral finance concept known as "choice overload." How investors encounter choice overloadChristopher Ames | E+ | Getty ImagesIt's not just investing: The choice paradox can extend to things like ice cream flavors and apparel, for example. Given these behavioral biases, retailers and others have evolved, making it less likely consumers will experience choice overload "in the wild" today, said Dan Egan, vice president of behavioral finance and investing at Betterment. Do-it-yourselfers may have about one to two dozen investment options, at most, from which to choose, reducing the choice friction. If you don't give people an easy choice, "it's really hard for them," Blanchett said.

Persons: Philip Chao, Brian Scholl, David Blanchett, Samantha Lamas, Christopher Ames, Sheena Iyengar, Mark Lepper, Dan Egan, Egan, that's, Blanchett Organizations: Sdi, U.S . Securities, Exchange Commission, Investor, Morningstar, Finance Locations: John , Maryland

☆ Opinion: 17 syllables a day that are changing your lives
▼ + stars: | 2024-01-28 | by ( Opinion Tess Taylor | ) edition.cnn.com time to read: +7 min

CNN —For me, writing a haiku a day began as a practice on my birthday, October, 2022. As my birthday rolled around that fall, the idea of writing a haiku a day was simply a way of promising myself that that day, I’d steady myself make note of — ha — just one thing. No matter the day, I was sure I could find a way to write down one sentence, one spattering of roughly 17 syllables. Tink Boord-Dill wrote in that liked that he loved writing haiku because it was daily creativity without performance pressure. Robin from Maryland wrote “the daily writing of seventeen syllables quickly created a rhythm to my thinking and even my walking….

Persons: Tess Taylor, —, Tess Taylor Adrianne Mathiowetz, Robert Hass, I’d, Basho, we’d, Tink, Dill, Elaine Questell, ” Carla White, ” Paul Nelson, Allen Ginsberg, Linda Neves, …, Candace Waldron, “, birdsong, — Linda Neves, Brad Taylor, Nancy B, — Philip Chan, Carolyn W, — Susan B, Karen Jacobs, Weren’t, — Stephen Schwei, Derek Thaczuk, I’m Organizations: “, CNN Locations: California, Maryland, Virginia, New York, Quebec, Bill, Alaska, Arizona, Guynn , Texas, Ohio, Derek Thaczuk , Ontario

☆ Kim Kardashian has around a dozen Christmas trees in just her bathroom — even more than last year
▼ + stars: | 2023-12-05 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +2 min

Kim Kardashian gave fans a peek at her Christmas decorations over the weekend. The star appears to have around a dozen Christmas trees lined in her bathroom. In another story, Kardashian showed off her festive bathroom, which features a line of lit Christmas trees along the balcony at the far end of the room. Screengrab of Christmas trees outside Kim Kardashian's bathroom. In 2022, she decorated her restroom with eight Christmas trees, per People.

Persons: Kim Kardashian, Kardashian, —, Kim Kardashian's, Philip Cornish, Phil, Cornish, @philthekeys Organizations: Service

☆ Patient Disney shareholders get some good news: The dividend is coming back
▼ + stars: | 2023-11-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For the first time since 2020, Disney is planning to resume paying a dividend to shareholders as the media giant continues its turnaround amid historic industry shifts . "To that end, we will be recommending to the board that they declare a dividend by the end of this calendar year." Activist investor Nelson Peltz's Trian Fund Management, with $2.5 billion of Disney shares , has voiced his concerns about the elimination of dividends. Trian hasn't made a public statement since it ended its last activist campaign against Disney in January. Morgan Stanley said it looks forward to such a move, noting that Disney also suggested a return to share repurchases.

Persons: Kevin Lansberry, Nelson Peltz's, Trian hasn't, Lansberry, Bernstein, Morgan Stanley, Disney, Philip Cusick, — CNBC's Michael Bloom Organizations: Disney, Fund Management, Wall Street, ESPN

☆ Everton chairman Kenwright dies aged 78
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Premier League - Everton vs Huddersfield Town - Goodison Park, Liverpool, Britain - December 2, 2017 Everton chairman Bill Kenwright before the match REUTERS/Russell Cheyne/File Photo Acquire Licensing RightsOct 24 (Reuters) - Everton chairman Bill Kenwright has died at the age of 78, the Premier League club said on Tuesday. Kenwright, who was Everton's longest serving chairman for more than a century, succeeded Philip Carter in 2004. He passed away peacefully on Monday night, surrounded by his family and loved ones, Everton said. "The club has lost a chairman, a leader, a friend, and an inspiration," the club statement read. In his 19 seasons as chairman, Everton secured 12 top eight finishes, including fourth place in 2005.

Persons: Bill Kenwright, Russell Cheyne, Kenwright, Philip Carter, Anita Kobylinska, Christian Radnedge Organizations: Soccer Football, Premier League, Everton, Huddersfield Town, REUTERS, Thomson Locations: Liverpool, Britain, Gdansk

☆ Danny Masterson sentenced to 30 years to life in prison in rape case
▼ + stars: | 2023-09-07 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Actor Danny Masterson was sentenced on Thursday to 30 years to life in prison after he was convicted on two counts of rape in a Los Angeles courtroom in June, according to Deputy D.A. Reinhold Mueller of the Los Angeles District Attorney’s Office. Deputy D.A. Ariel Anson and Deputy D.A. Kutcher and Masterson also starred in Netflix’s “The Ranch” beginning in 2016, but Netflix and the producers wrote Masterson off the show amid the rape allegations.

Persons: Danny Masterson, D.A, Reinhold Mueller, Masterson, Shawn Holley, Philip Cohen, Ariel Anson, Mueller, Alison Anderson, ” Masterson, Steven Hyde, Mila Kunis, Ashton Kutcher, Laura Prepon, Topher Grace, Wilmer Valderrama, Kutcher, Netflix’s, Tony Ortega Organizations: CNN, Los Angeles, Attorney’s Office, Attorney, Fox, Netflix, Village, Los Angeles Police Department Locations: Los Angeles

☆ Forget about Nvidia. The big winner so far this quarter is a one-time Midwest phone company
▼ + stars: | 2023-09-01 | by ( Scott Schnipper | ) www.cnbc.com time to read: +2 min

Sure Nvidia , the leading artificial intelligence play, has rallied 17% in the third quarter. But little Chicago-based Telephone & Data Systems — the parent of U.S. Cellular, with a market value just 0.18% of Nvidia's — has far and away scored the biggest stock market gain this quarter, soaring 161%. That's the largest advance of all the stocks in the S & P 500, S & P Midcap 400 and S & P 600 small-cap indexes — combined. The other 17% of U.S. Cellular is publicly traded and has risen a similar amount to TDS this quarter. TDS NVDA,GOOGL,.SPX mountain 2023-06-30 Telephone & Data Systems vs Nvidia, Alphabet and S & P 500 since June 30, 2023 To say Telephone & Data Systems is marked by humble beginnings is an understatement.

Persons: —, FactSet, Leroy Carlson, JPMorgan's Philip Cusick, Cusick, Carlson, Michael Bloom Organizations: Big Tech, Nvidia, Data Systems, U.S . Cellular, Wall, TDS, U.S, Cellular, USM, Verizon, Mobile U.S Locations: Chicago, U.S, Wisconsin

Many wildfires in the United States occur when poles owned by utilities or other structures carrying power lines are blown down, or when branches or other objects land on power lines and cause them to produce high-energy flashes of electricity that can start fires. Image Nearly a week after the wildfire tore through Lahaina, state and local officials have not determined a cause for the blaze. Like most other utilities, Hawaiian Electric operates under the scrutiny of public commissioners who have to approve its spending plans. Power lines have caused catastrophic wildfires in California in recent years, prompting lawsuits that have led to multibillion-dollar payouts by the state’s utilities. Hawaiian Electric in a regulatory filing last year detailed measures aimed at reducing the risk of its equipment causing fires.

Persons: Hurricane Dora, “, ”, James Frantz, Frantz, There’s, Max Whittaker, Shahriar Pourreza, Shelee Kimura, ” Ms, Kimura, Pourreza, Michael Wara, Philip Cheung, Bob Marshall, Jim Kelly, Ken Pimlott, Anne Lopez, Mr, Wara, Kellen Browning, John Keefe, Susan C, Beachy, Alain Delaquérière Organizations: Wildfire, National Weather Service, Frantz Law, Hawaiian Electric, The New York Times, Guggenheim Securities, Maui Electric, Pacific Gas, Pacific Gas and Electric, Federal Emergency Management Agency, Pacific Disaster Center, Stanford University, The New York Times Lightning, Western, NASA, Whisker Labs, Labs, California Department of Forestry, Stanford, U.S . Energy Information Administration Locations: Lahaina, West Maui, Maui, California, United States, Northern California, Paradise, Hawaii, Western United States, Maui County, Germantown, Md, San Francisco

Along the empty streets of Lahaina, the warped shells of vehicles sit as if frozen in time, some of them still in the middle of the road, pointed toward escapes that were cut short. Others stand in driveways next to houses that are now piles of ash, many still smoldering with acrid smoke. A few agitated myna birds chirp from their perches on palm trees that have been singed into matchsticks, the carcasses of other birds and several cats scattered below them in the streets. Across the town that was once home to 13,000 people, residents are slowly returning and sifting through the debris of their homes, some of them in tears, finding little to salvage. They considered themselves lucky to have made it out at all: A man just up the hill did not survive, and neighbors told them that several children who had ventured outside to get a look when the fire was approaching were now missing.

Persons: Shelly, Avi Ronen Locations: Lahaina, driveways, matchsticks

☆ 'Our favorite name:' Why analysts are still bullish on Disney after latest earnings report
▼ + stars: | 2023-08-10 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Despite a mixed fiscal third-quarter report, Wall Street analysts are positive on Disney going forward. Morgan Stanley's Benjamin Swinburne maintained an overweight rating with a $105 per share price target, or 20% upside from Wednesday's close. JPMorgan's Philip Cusick similarly reiterated an overweight rating with a $125 per share price target on Disney, which implied upside of 43%. Goldman Sachs' Brett Feldman, meanwhile, has a buy rating on Disney stock with a price target of $128 per share, or 46% upside from Wednesday's close. Citi's Jason Bazinet reiterated a buy rating on Disney stock accompanied by a $125 per share price target.

Persons: Morgan Stanley's Benjamin Swinburne, Swinburne, JPMorgan's Philip Cusick, " Cusick, Goldman Sachs, Brett Feldman, Jessica Reif Ehrlich, Bob Iger's, Ehrlich, Jason Bazinet, Disney's, Michael Bloom Organizations: Wall Street, Disney, DIS, Media, ESPN . Bank of America, ESPN Bet

☆ Hollywood strike may soon turn destructive for media stock investors, analysts say
▼ + stars: | 2023-07-20 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

"We're getting to a point of being very destructive to the entertainment ecosystem," said Rosenblatt Securities analyst Barton Crockett. Bazinet said to expect the walkout to last into the fourth quarter, which would mean a writers' strike lasting between around 150 and 240 days and an actors' strike in a range of 70 and 160 days. The strikes could cost the film and TV industry about $150 million per week, Citigroup's Bazinet wrote, using inflation-adjusted data from the 1980 actors' strike. "The lasting impacts are: [it] makes the streamers stronger and the traditional media companies weaker," Crockett said. JPMorgan analyst David Karnovsky downgraded movie theatre chain Cinemark shares to neutral from overweight earlier this week, citing the strike.

Persons: We're, Barton Crockett, Jason Bazinet, Bazinet, Douglas Mitchelson, Mitchelson, Goldman Sachs, Brett Feldman, Philip Cusick, Cusick, Goldman's Feldman, Citigroup's Bazinet, Rosenblatt's Crockett, Crockett, Feldman, Barbie, Oppenheimer, Stephen Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Screen, – American Federation of Television, Radio Artists, Alliance, Television Producers, Writers Guild of America, Rosenblatt Securities, Media, AMC, Disney, Warner Bros, Discovery, Paramount, Netflix, UFC, Endeavor, WWE, SAG, Credit Suisse, JPMorgan, AMC Networks, WBD, Covid, Comcast, CNBC

Analysts at Citigroup and JPMorgan both lowered their recommendations on AT&T shares in recent days. The shares hit a low of $13.68 in Monday's session, the lowest since March 1993. "We have not seen, nor have regulators identified, evidence that legacy lead-sheathed telecom cables are a leading cause of lead exposure or the cause of a public health issue,” a U.S. Telecoms spokesperson said in a statement. Shares of Verizon were also down on Monday, falling 5.5% to $32.14, a nearly 13-year low. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael Rollins, Rollins, ”, Philip Cusick, Michael Hodel, Chibuike Oguh, Lance Tupper, Deepa Babington Organizations: YORK, T Inc, U.S, Verizon, Citigroup, JPMorgan, U.S ., Citi, U.S . Telecom, Morningstar, Thomson Locations: U.S, New York

☆ JPMorgan downgrades this telecom stock, says competition can hamper a rebound
▼ + stars: | 2023-07-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Philip Cusick downgraded the telecommunication stock to neutral from overweight and lowered his price target by $5 to $17. Still, his price target implies shares could rally 12.4% in the next year. AT & T is likely facing more pressure in its mobility business from Verizon, T-Mobile and cable providers as the postpaid phone business normalizes. The consumer wireless is also seeing increased competition from cable and fixed wireless access providers, Cusick said. When looking at other service providers, Cusick said he likes T-Mobile given its strong financials, improving subscriber and free cash flow numbers and share buyback opportunities.

Persons: Philip Cusick, Cusick, — CNBC's Michael Bloom Organizations: JPMorgan, Verizon, Mobile, Street, Comcast, CNBC

☆ 'That 70s Show' actor Danny Masterson convicted on two rape counts
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

May 31 (Reuters) - "That '70s Show" actor Danny Masterson was convicted on Wednesday of raping two women at his Hollywood Hills home. Masterson, 47, got his break-out role in the 1998 to 2006 television comedy series "That '70s Show," in which he played a rebel adolescent. The actor had pleaded not guilty to the rape charges. According to City News Service, Cohen questioned the credibility of the alleged victims and said their stories had been tweaked over the years. The case drew attention in part because Masterson met the women through the Church of Scientology, and two of the accusers said the organization discouraged them from contacting law enforcement.

Persons: Danny Masterson, Masterson, Greg Risling, Philip Cohen, Cohen, Lisa Richwine, Stephen Coates Organizations: Hollywood, Los Angeles County, City News Service, of Scientology, Scientology, Thomson

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