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Generating income with dividend stocks Dividend stocks have long been a staple of income investors' portfolios. Municipal bonds offer income that's free of federal tax, however. These names trade on exchanges like stocks, and they can offer dividend yields upward of 6%. Options strategies to create income Derivative income funds , such as the JPMorgan Equity Premium Income ETF (JEPI), gathered some $22 billion in 2023, according to Morningstar. Further, consider comparison shopping, as all "derivative income" funds have their own quirks and differences in strategies could affect their risk/return profile.
Persons: Janus Henderson, Walt Disney's, Amber Milam, Jefferies, It's, Savita Subramanian, Subramanian, Russell, Louis, Morningstar, Mike Mulach, Rick Rieder, he'd, Kathleen McNamara, there's, , Bill Gross, JEPI, Cash, Ashton Lawrence Organizations: Federal Reserve, Meta, Mobile, Bank of America, IBM, . Investment, Fitch, Credit, nab, ICE, Federal Reserve Bank of St, Louis Fed, UBS, UBS Wealth Management, York Life Investments, , JPMorgan, Mariner Wealth Advisors Locations: U.S, Greenville , South Carolina
Those highly appreciated positions can change the risk profile of your portfolio, particularly if it's been a long time since you last rebalanced. Managing the tax hit Trimming heavily appreciated positions in a portfolio that's held in a taxable account may come with a capital gains hit. One potential way to mitigate the tax is to use realized losses to offset those capital gains. In a year when losses exceed capital gains, investors can apply up to $3,000 of those losses to offset ordinary income and then carry over the remainder. Normally, these holdings would be the ones subject to the heftiest capital gains taxes if they were sold.
Persons: Blair duQuesnay, it's, Morningstar, Amy Arnott, Arnott, Roger Aliaga, Diaz, We've, Aliaga, Russell Organizations: Nvidia, Ritholtz Wealth Management, CNBC's, Vanguard, Investors, Federal Reserve, Bond Market, SEC, Aggregate Bond, U.S, Taxpayers Locations: New Orleans
Read previewThere's a battle in Silicon Valley over AI risks and safety — and it's escalating fast. This story is available exclusively to Business Insider subscribers. Right to WarnWhile the concerns around AI safety are nothing new, they're increasingly being amplified by those within AI companies. OpenAI did not immediately respond to a request for comment from Business Insider, made outside normal working hours. A spokesperson previously reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee.
Persons: , OpenAI, Bengio, Geoffrey Hinton, Stuart Russell, Jacob Hilton, Hilton, Sam Altman, Helen Toner, Altman, Russell, Daniel Kokotajlo, Kokotajlo Organizations: Service, Google, Business Locations: Silicon Valley, OpenAI
It's all unraveling at OpenAI (again)
  + stars: | 2024-06-04 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +10 min
In a statement to Business Insider, an OpenAI spokesperson reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee. Safety second (or third)A common theme of the complaints is that, at OpenAI, safety isn't first — growth and profits are. (In a responding op-ed, current OpenAI board members Bret Taylor and Larry Summers defended Altman and the company's safety standards.) "I have been disagreeing with OpenAI leadership about the company's core priorities for quite some time, until we finally reached a breaking point." (Altman and OpenAI said he recused himself from these deals.)
Persons: , Sam Altman, Daniel Kokotajlo, OpenAI, Altman, Helen Toner, Tasha McCauley, Toner, McCauley, Bret Taylor, Larry Summers, Kokotajlo, Jan Leike, Ilya Sutskever, Leike, Stuart Russell, NDAs, Scarlett Johansson, lawyered, Johansson, " Johansson, I've, Sam Altman — Organizations: Service, New York Times, Business, Times, Twitter, Microsoft, The New York Times, BI, Street, OpenAI, OpenAI's, Apple Locations: OpenAI, Russian, Reddit
A group of current and former OpenAI employees published an open letter Tuesday describing concerns about the artificial intelligence industry's rapid advancement despite a lack of oversight and an absence of whistleblower protections for those who wish to speak up. "AI companies have strong financial incentives to avoid effective oversight, and we do not believe bespoke structures of corporate governance are sufficient to change this," the employees wrote. The letter also details the current and former employees' concerns about insufficient whistleblower protections for the AI industry, saying that without effective government oversight, employees are in a relatively unique position to hold companies accountable. "Ordinary whistleblower protections are insufficient because they focus on illegal activity, whereas many of the risks we are concerned about are not yet regulated." Four anonymous OpenAI employees and seven former ones, including Daniel Kokotajlo, Jacob Hilton, William Saunders, Carroll Wainwright and Daniel Ziegler, signed the letter.
Persons: OpenAI, they've, Daniel Kokotajlo, Jacob Hilton, William Saunders, Carroll Wainwright, Daniel Ziegler, Ramana Kumar, Neel Nanda, Geoffrey Hinton, Yoshua Bengio, Stuart Russell Organizations: Google, Microsoft, Meta, CNBC, Security Locations: Anthropic
Traders should think about acting defensively with the potential that the S & P 500 is only on a temporary tear and will face more seasonal weakness soon, according to BTIG. Jonathan Krinsky, the firm's chief market technician, said there's a chance the S & P 500 is in a "false breakout," especially if the broad index dips below the April high of 5,260. The S & P 500 closed Friday at 5,277.51 after closing below the 5,260 level on Thursday. Defensive positioning is important, Krinsky said, given that the S & P 500 failed to hold above the 5,260 level before Friday's end-of-month advance. Krinsky also highlighted that June is the second-worst-performing month for the S & P 500 on average over the past 15 years, with a typical loss of around 0.7%.
Persons: Jonathan Krinsky, there's, Krinsky, Russell, bode Organizations: New York Stock
Shares of Salesforce dragged the Dow lower after it posted its first revenue miss in nearly 20 years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks continued a painful slide lower on Thursday as traders turned their attention to upcoming inflation data that could set the tone for the market as it heads into the summer months. ET, both indexes became stuck on several websites, though individual stock prices continued to update normally. Shares of Salesforce dragged the Dow as the stock dropped 20% after it reported its first revenue miss in almost 20 years.
Persons: Stocks, Salesforce, , Dow, David Russell Organizations: Service, Dow Jones, Dow, Treasury, Global, Barclays, Here's
"With yields holding firm at elevated levels , large caps continue to outperform small caps. Hopes for multiple rate cuts from the Federal Reserve this year have dimmed after recent inflation readings showed signs of stickiness. An economy that is growing more slowly, but with cooler inflation, could be the combination small caps need. Small caps could also benefit from an uptick in the global economy that benefits areas like manufacturing that has heavy representation in the small-cap index. Investors who really want exposure to small caps could also look outside of the U.S. Wolfe Research analyst Rob Ginsberg said in a May 29 note to clients that global small caps are outperforming their U.S. counterparts and are poised for a potential breakout.
Persons: Russell, Todd Sohn, JC O'Hara, Roth MKM, Chad Miller, you've, Miller, Cayla, Seder, Mark Haefele, Solita, Angelo Kourkafas, Edward Jones, Rob Ginsberg, — CNBC's Michael Bloom Organizations: CNBC, ESG, Silicon Valley Bank, Federal Reserve, Big Tech, Companies, UBS, Institute, Supply, PMI, Investors, U.S . Wolfe Research Locations: Thrivent, Silicon
We asked seven pro investors to identify the best trades of their careers and explain how the lessons from those decisions still apply today. The CBOE Volatility Index, also known as the VIX, shot above 40, essentially meaning traders were betting that the stock market would be exceptionally rocky over the following month. Jeff Muhlenkamp, lead portfolio manager at Muhlenkamp & CompanyJeff Muhlenkamp Muhlenkamp & CompanyJeff Muhlenkamp's namesake Muhlenkamp Fund (MUHLX) has been in the top 3% of its category in the past half-decade, thanks to trades like one he pulled off on Chinese internet firm Baidu (BIDU). "I pretty much expected, 'OK, if I get a double out of this in five years, I'll be happy' — that's pretty decent money," Muhlenkamp said. He noted that industrials within the Russell Mid Cap value index have returned 116% over the previous five years.
Persons: , That's, Michael Burry, Warren Buffett, Berkshire, Rob Arnott, Tim Boyle, Arnott, I'd, Bob Elliott, Bob Elliott's, Elliott, Jeff Muhlenkamp, Jeff Muhlenkamp Muhlenkamp, Jeff Muhlenkamp's, Muhlenkamp, you've, Sona Menon, Cambridge Associates Sona Menon, Bryant VanCronkhite, Allspring Bryant VanCronkhite Allspring Bryant VanCronkhite, VanCronkhite, Russell, industrials, James Davolos, Davolos, George Patton, Harley Bassman, Harley Bassman's, Bassman, Merrill Lynch, I'm Organizations: Service, American Express, Business, Research, Bloomberg, Getty, Bridgewater Associates, Treasury, Securities, Muhlenkamp, Baidu, Google, North, Cambridge Associates, Allspring, Horizon Kinetics, Opportunities Fund, Credit Suisse Locations: industrials, West Africa, New York City, Guinea
The 2024 NBA Finals will feature the league’s best team all season against one of basketball’s most dominant duos. The Mavericks are making their first NBA Finals appearance since winning their only title in 2011. When do the NBA Finals start? In recent years, the league has set an NBA Finals schedule ahead of time for all seven games in consideration of its stakeholders, including broadcast partners and fans. Boston — with star players Jayson Tatum and Jaylen Brown — is back in the NBA Finals for the second time in three years.
Persons: Luka Dončić, Kyrie Irving, Celtics haven’t, They’ve, Tyrese Haliburton, Anthony Edwards, Dallas ’, Jayson Tatum, Jaylen Brown —, Porziņģis, Tatum, Brown, Dončić, Star Irving, There’s, Irving, Joe Mazzulla, Bill Russell, Russell, Jason Kidd, Kidd, Jaylen Brown, Brian Fluharty Organizations: Boston Celtics, Eastern, Dallas Mavericks, Western Conference, Los Angeles Lakers, Mavericks, NBA, Celtics, Indiana Pacers, Minnesota Timberwolves, ABC, Miami Heat, Cleveland Cavaliers, Eastern Conference, Boston, Miami, Cavaliers, Pacers, West . Dallas, LA Clippers, Oklahoma City Thunder, Timberwolves, Wolves, Dallas, Heat, Clippers, Lakers, Luka, Synergy Locations: Boston, Dallas, West
This means there's a lag time when selling private shares, unlike stocks that can be sold within a millisecond of hitting a button. AdvertisementFinally, when a company goes public, there's a lock-up period. Depending on the platform the shares were purchased through, pre-IPO holders may still sell their shares to others within the platform, Endoso said. One example of a private AI company that recently went public in late March is Astera Labs (ALAB), which was trading near $69 as of Tuesday. 5 early-stage AI companiesAs for forward-looking AI investment opportunities with IPO prospects, Endoso pointed to five promising companies he's excited about.
Persons: , scurrying, Russell, It's, Joe Endoso, it's, Endoso, there's, Anthropic, Claude, Elon Musk Organizations: Service, Business, Venture, Cambridge Associates, Venture Capital, Securities and Exchange Commission, Astera Labs, Endoso, Bloomberg, Elon, Nvidia
The ominous "Hindenburg Omen" was triggered last week, StockCharts.com chief market technician David Keller noted Monday. .SPX YTD mountain S & P 500 "It has a track record of calling major market tops so when the Hindenburg Omen fires it's something that investors should take note of. The Russell 2000 is up just 2.5% in 2024, while the S & P 500 has advanced 11%. If anything, the technician regards the Hindenburg Omen more as an indicator of new market leadership than a harbinger of a downturn. A loss of the consumer discretionary sector, which makes up roughly one-tenth of the S & P 500, could mean a deeper drawdown of 10% to 20% in the index.
Persons: David Keller, JC O'Hara, Roth, O'Hara, Russell, He's Organizations: Street, Dow Jones
Investor darling Nvidia continued its artificial intelligence-fueled boom, with its earnings beating expectations last week. But some analysts are worried about a potential slowdown in growth from the previous quarter, or an "air pocket" in sales toward year-end. But investors who are worried about being overexposed to Nvidia or who want to make their portfolios more balanced could consider replacing their Nvidia allocation or complementing it with other growth stocks with a low correlation to the chipmaker. Using FactSet, CNBC Pro screened four exchange-traded funds for stocks that have negative or low correlation to Nvidia in the past month. The ETFs are Vanguard S & P 500 Growth ETF, Schwab U.S. Large-Cap Growth ETF, Vanguard Russell 1000 Growth ETF and Fidelity Enhanced Large Cap Growth ETF.
Persons: Lucas Keh, Nancy Tengler, CNBC's, Vanguard Russell Organizations: Nvidia, Investments, CNBC Pro, Schwab U.S, Growth, Vanguard, Fidelity
There was the satisfaction and appreciation of a team coming together to win the 1977 NBA title. The next day, before a Trail Blazers home game, Walton explained his emotions to a group of reporters. I regret the circumstances in which I left the Portland Trail Blazers’ family. “The Portland Trail Blazers deplore Bill Walton’s statement calling for the rejection of the United States Government. “And you are never the same again.”Related reading(Top photo of Bill Walton: NBA Photos / Getty Images)
Persons: Bill Walton, Walton, Adam Silver, Bill, Bill’s, Lori, Adam, Nate, Luke, Chris, , ” Walton, , Ted Kulongoski, it’s, Jack Ramsay, Hank Delespinasse, Robert Parrish, Ricky Pierce, Eddie Johnson, Larry Bird, Kevin McHale, Steve James, Bird, Walton . Bird, James, ” James, Dave Twardzik, Tom Shanahan, don’t, Jack, Micki Scott, Patty Hearst, Walton’s, Herman Sarkowsky, Larry Weinberg, Harry Glickman, Bill Walton’s, Arthur Ashe, Kareem Abdul, Jabbar, Bill Russell, Muhammad Ali …, White, Hal Bock, , Marty Glickman, , Bill Walton's, Sir Isaac Newton’s, Fabricio Roberto, you’ve, Taylor, ” “ John Stockton Organizations: Fame, NBA, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Hall of Fame, Blazers, The Athletic, Trail Blazers, Celtics, NCAA, Memphis State, Florida State, Getty, Philadelphia, Portland, LA Clippers, Sixth, Walton, Athletic, Associated Press, Wilshire, FBI, Scotts, Symbionese Liberation Army, United, United States Government, National Basketball Association, “ Sports, The Associated Press, New York Knicks, Prime Ticket Network, NBC, ABC, CBS, FOX, ESPN, Turner Sports Locations: La Mesa, Calif, Portland, Oregon, , Blazermania, Los Angeles, Vietnam, United States, San Francisco, Walton, Utah, America
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAI's golden boy, Sam Altman, may be starting to lose his luster. The company has also been dealing with comments from former executives that its commitment to AI safety leaves much to be desired. This story is available exclusively to Business Insider subscribers. ScaJo scandalThe criticism around AI safety is the latest blow for Altman, who is fighting battles on multiple fronts.
Persons: , Sam Altman, Gretchen Krueger, Jan Leike, Ilya Sutskever, Altman, Stuart Russell, Russell, Scarlett Johansson, Paul Morigi, OpenAI Organizations: Service, Business, Wednesday, UC Berkeley, Microsoft Locations: OpenAI, Russian
Then, as they prepared to collect their diplomas, their commencement speaker, Rob Hale, a billionaire philanthropist from Boston, returned to the dripping podium. “My friends and I were looking at each other like, no way,” Ali McKelvey, one of the students, said. “We were like, this has to be a joke.”It wasn’t. Mr. Hale, the co-founder and chief executive of Granite Telecommunications, ranks as one of the country’s wealthiest people and most generous benefactors. He and his wife, Karen, gave away $1 million every week in 2022, to both well-known and unheard-of causes.
Persons: Rob Hale, , ” Ali McKelvey, Hale, Karen Organizations: University of Massachusetts Dartmouth, Granite Telecommunications Locations: Boston
Hundreds of students walked out of Harvard University’s commencement ceremony on Thursday morning as degrees were conferred, while hundreds chanted “Let them walk!”, a reference to 13 student protesters who were not allowed to graduate after a vote Wednesday by the Harvard Corporation, the university’s governing body. The walkout was a jarring reminder of continuing unrest on the Cambridge campus, on a day when more than 9,000 graduates and their families were gathered in Harvard Yard for celebration and reflection. At the start of the ceremony, the university’s interim president, Alan Garber — loudly booed by some in the crowd — acknowledged the turmoil, and the possibility that “some among us may choose to take the liberty of expressing themselves to draw attention to events unfolding in the wider world.”“This moment of joy coincides with moments of fear and dread, grief and anger, suffering and pain,” he said. “Elsewhere, people are experiencing the worst days of their lives.” He asked the crowd to observe a minute of silence.
Persons: Alan Garber —, , , Organizations: Harvard, Harvard Corporation, Cambridge, Harvard Yard
Owning overcrowded trades that are most popular among hedge funds could be risky for individual investors in the event of a herd-like stampede by systematic traders, according to Morgan Stanley, which looked at stocks to avoid. Despite their popularity and performance, none of the megacap tech stocks made the list of overcrowded stocks. That's because their enormous share count makes hedge funds' ownership less significant. Morgan Stanley found that hedge funds were most overweight in consumer discretionary, industrial and health care stocks last quarter, while they were most bearish on technology and consumer staples companies. Janus Henderson , The New York Times , Planet Fitness and Wayfair were also on the list of crowded trades.
Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson, — CNBC's Michael Bloom Organizations: Avis Budget Group, Howard Hughes Holdings, The New York Times Locations: The
CNN —Greater spotted eagles are already a species under threat. Listed as “vulnerable” by the International Union for Conservation of Nature, greater spotted eagles have been largely eradicated from western and central Europe, according to the study. On March 1, 2022, a week after Russia invaded Ukraine, the first of 21 tagged greater spotted eagles crossed into Ukraine on its usual migration, according to researchers from the UK and Estonia. The researchers observed no difference in migration performance and deviation patterns outside of Ukraine, according to the study. Russell said the war in Ukraine is “really raising the profile of some of the environmental issues caused by conflict.
Persons: , Charlie Russell, Russell, ” Russell, , Nathalie Pettorelli, Pettorelli, ” Pettorelli, “ ecocide ” Organizations: CNN, Eagles, International Union for Conservation of Nature, , UK’s University of East, Zoological Society of London Locations: Ukraine, Europe, Poland, Belarus, Russia, Estonia, UK’s University of East Anglia,
Investors hunting for income ought to look to small-cap stocks for a few high-quality dividend payers, according to Bank of America. There are names within it that offer quality dividend yields, according to Jill Carey Hall, equity strategist at Bank of America, in a Monday research report. Further, once the Federal Reserve begins cutting rates, yields paid on cash will fall, and that will make these dividend payers even more attractive for income. Finally, Bank of America added Essential Properties Realty Trust to its list of buy-rated dividend payers. The stock has a dividend yield of 4.2%, and shares are up 7.5% in 2024.
Persons: Russell, Jill Carey, Peter Galbo, Utz, Alton Stump, Stump, Nick Joseph Organizations: Bank of America, Nasdaq, Federal Reserve, Brands, Properties Realty Trust, Citi Locations: West, Midwest, Southwest, Hanover , Pennsylvania, comps
How Big Is Taylor Swift?
  + stars: | 2024-05-17 | by ( Joe Coscarelli | Courtney Cox | Fred Bierman | ) www.nytimes.com   time to read: +40 min
1s ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT ‘We Are Never Ever Getting Back Together’ (2012) 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT ‘We Are Never Ever Getting Back Together’ (2012) 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 Two bar charts: one for the Beatles, one for Taylor Swift. 30 15 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 ‘Thriller’ 15 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 ‘Thriller’ 15 ‘Fearless’ ‘1989’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 15 5 Not yet certified MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 15 5 Not yet certified MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 30 million 15 15 million 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million ‘1989’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million ‘1989’ ‘1989 (Taylor’s Version)’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES A grid of 10 Michael Jackson albums covers transitions into charts depicting Michael Jackson’s and Taylor Swift’s album sales. 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES ‘... Baby One More Time’ 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES ‘1989’ 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES Two side-by-side charts depict album sales for Britney Spears and Taylor Swift. 1s ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 ‘Vogue’ (1990) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 ‘This Used To Be My Playground’(1992) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 10 5 ’06 ’24 10 ‘Music’ (2000) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 Two charts show Billboard top hits for Madonna and Swift, over the course of their respective careers. 15 million 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million ‘I Am ... Sasha Fierce’ 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million ‘The Tortured Poets Department’ 10 ‘Cowboy Carter’ 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES Two side-by-side charts depict album sales for Beyoncé and Taylor Swift, respectively.
Persons: Taylor Swift, Michael Jackson, , Swift, Frank Sinatra, Stevie Wonder, Paul Simon, Drake, Billy Joel, Britney Spears, Bruce Springsteen, Elton John, Kareem, Brady, Marino, Harry Potter, TAYLOR, TAYLOR SWIFT, Swift’s, didn’t, Max Martin, John Lennon, Paul McCartney, McCartney, George Harrison, , Taylor, Jackson, MICHAEL JACKSON, , Michael Jackson’s, , “ Ben ”, , Jackson’s, Micheal Jackson, It’s, she’s, Department ”, Spears, BRITNEY SPEARS, Spears’s, Madonna, Dick Tracy ”, Evita, I’m, David O, “ Ray, Bob Dylan, John, Springsteen, Elton John Farewell, Bruce Springsteen Springsteen, Elton John’s, Bruce Springsteen’s Springsteen, Madonna’s, it’s, Beyoncé, Georg Solti, Quincy Jones, It's, Madonna didn’t, Judy Garland, Barbra Streisand, Sinatra, — Beyoncé, Sasha Fierce, Carter ’, Carter ”, Cowboy Carter, DRAKE, Kendrick Lamar, they’re, gunning, she’ll Organizations: Poets Department, MetLife, Beatles, , Marvel, Billboard, TAYLOR SWIFT, U.S, Swift, MTV, Recording Industry Association of America, Department, Vogue, Veterans Touring, Drake, Beyoncé, Beyoncé’s Locations: New Jersey, U.S, Kobe, , , pigtails, Amsterdam, Texas
Stanley Druckenmiller slashed his exposure to Nvidia by 72% in the first quarter, according to 13F filings. AdvertisementBillionaire investor Stanley Druckenmiller slashed his exposure to AI darling Nvidia by 72% in the first quarter, according to a 13F filing with the Securities and Exchange Commission. Druckenmiller's Duquense Family Office, which manages about $4.4 billion, sold 441,551 shares of Nvidia in the first quarter. Other big trades made by Druckenmiller include a $664 million bet on small cap stocks, via call options on the Russell 2000. Another notable trade Druckenmiller made was the near tripling of his position in copper miner Freeport McMoRan, now worth about $65 million.
Persons: Stanley Druckenmiller, Druckenmiller, , Russell Organizations: Nvidia, Service, Securities and Exchange Commission, Microsoft, Freeport McMoRan, Investment Locations: Freeport
Billionaire investor Stanley Druckenmiller revealed a big bullish position in small-cap stocks last quarter, according to a new regulatory filing. A call option gives an investor the right to buy an asset at a specified — or strike — price within a certain period. As of the end of March, Druckenmiller owned 31,579 call contracts with unknown value, strike price or expiry, according to the filing. The noted investor also took some profit in his big Nvidia bet last quarter by slashing the stake by more than 70%. Other than these changes, Druckenmiller added a sizable stake in semiconductor name Coherent , making it his eighth-biggest holding.
Persons: Stanley Druckenmiller, Russell, Druckenmiller, We've, I'm, Warren Buffett, George Soros Organizations: Duquesne Family Office, U.S . Securities, Exchange, Nvidia, CNBC, Quantum Fund, Duquesne Capital Management Locations: Duquesne
Columbia cited security concerns in canceling the large event, a school official told CNN, and instead is holding smaller ones. “Canceling the traditional commencement ceremony was one of the toughest calls in a year of many tough calls,” Shafik wrote in an op-ed in the Columbia Daily Spectator, noting her top priority has been the safety of students, faculty and staff. Fifty people were arrested, and police began the booking process onsite, university spokesperson Tom Vasich said in an email. Pro-Palestinian protesters had set up a campus encampment on April 29, when the university also called in local law enforcement. “This is not protest, this is pure hate.”The building’s takeover came a day after the UCB Divest Coalition agreed to end its campus encampment following discussions with university leadership.
Persons: Minouche Shafik, , Shafik “, Ben Chang, Shafik, , ” Shafik, Tom Vasich, ” Vasich, Vasich, Anna, Dan Mogulof, Nazism ”, David, Mogulof, Santiago Mejia, ” Carol Christ, Jagdeep Singh Bachher, Ana Mari Cauce, ” Cauce, David Ryder David Ryder, , Russell Dorn, Robert Manuel, ” Manuel, Manuel, , ” Benjamin Meyer, Morehouse, Joe Biden’s, David A, Thomas, CNN’s Victor Blackwell, Amanda Musa, Matt Egan, Julia Vargas Jones, Andy Rose, Chris Boyette, Melissa Alonso Organizations: CNN — Pro, Columbia University, Ivy League school’s, New York, CNN, Barnard College, American Association of University Professors, , Columbia Daily Spectator, UC Irvine, University of California, Irvine Police Department, Orange County Sheriff’s Department, Authorities, KABC, UC Berkeley, Pro, KGO, Jewish Community Relations, Nazism, UCB, UC Berkeley’s, Palestine, San Francisco, Getty, UC Regents, UC, Regents, University of Washington, Seattle, Wednesday, REUTERS, Reuters, University, ” DePaul University, Police, DePaul University in, WLS, DePaul, ” University, Coalition, ” Morehouse, Morehouse College’s, White House, White Locations: Israel, Gaza, Shafik, Columbia, Irvine, Orange, Berkeley, Merced, Seattle, DePaul University in Chicago, Atlanta
Robert F. Kennedy Jr.’s running mate, the Silicon Valley investor Nicole Shanahan, said on Wednesday night that she had given another $8 million to their independent presidential campaign as it carries out the expensive endeavor of gaining ballot access across the country and tries to propel Mr. Kennedy onto debate stages. Ms. Shanahan, a lawyer who was formerly married to the Google co-founder Sergey Brin, gave the campaign $2 million shortly after Mr. Kennedy named her as his running mate in March. After a nod to the media, Ms. Shanahan said, “I think I know what they’re going to say — they’re going to say Bobby only picked me for my money,” a remark that drew laughter from the crowd. She followed performances by comedians including Russell Brand, Rob Schneider and Jim Breuer, a former “Saturday Night Live” cast member. Many of the performers praised Mr. Kennedy, but they also used their time onstage to rail against Covid vaccinations, Dr. Anthony S. Fauci, the mainstream news media and President Biden.
Persons: Robert F, Kennedy Jr, Nicole Shanahan, Kennedy, Shanahan’s, Shanahan, Sergey Brin, , Bobby, , Russell Brand, Rob Schneider, Jim Breuer, Mr, Anthony S, Biden Organizations: Mr, PAC, Google Locations: Nashville, Ryman
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