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Universal’s “The Super Mario Bros.” movie and Sony’s “Spider-Man: Across the Spider-Verse,” both animated films, have racked up big ticket sales this year. The successes of "Super Mario Bros." and "Spider-Man" also reflect a new post-COVID-19 trend at box offices, Hollywood insiders say. In his book, “Creativity, Inc.,” Pixar co-founder Ed Catmull credited Pixar's brain trust with the studio’s early box-office triumphs. Catmull and other members of the original brain trust are gone, though Docter remains, now in the role of chief creative officer. During the pandemic's peak, when many cinemas were closed, Disney launched three Pixar films directly to Disney+_in the U.S., bypassing theaters.
Persons: , Universal’s, Mario, Tony Chambers, Disney's, don’t, Chambers, DreamWorks Animation’s, “ Ruby Gillman, Tom Sito, King, Sito, Jeff Bock, Ed Catmull, — John Lasseter, Andrew Stanton, Pete Docter, Lee Unkrich, Joe Ranft —, Docter, Domee Shi, Soul’s ’ Kemp Powers, Pixar’s, Brad Bird, Oscar, , Darla K, Anderson, “ Coco ”, Bob Chapek, there’s, we’ve, ” Docter, it’ll, Dawn Chmielewski, Lisa Richwine, Kenneth Li, Jonathan Oatis Organizations: Pixar, Inc, Walt Disney, Universal Studios, DreamWorks, University of Southern, Netflix, Disney, Apple, Relations, Thomson Locations: ANGELES, U.S, Canada, Disney, University of Southern California,
China became Germany's single biggest trade partner in 2016 and is a core market for top German companies including Volkswagen (VOWG_p.DE), BASF (BASFn.DE) and BMW (BMWG.DE). "They know German companies will run up direct channels to the chancellery," said Andrew Small, a senior fellow at the German Marshall Fund's Asia program. The talks come after Antony Blinken on Sunday became the first U.S. secretary of state to visit China in five years, stressing the importance of keeping open lines of communication to reduce the risk of miscalculation. The Chinese delegation will meet with some of those CEOs on Monday, according to people familiar with the plans. The Chinese delegation will head to Paris for an official visit and to attend a financial conference on June 22 to 23.
Persons: Olaf Scholz, Fabrizio Bensch, China Scholz, Scholz, Li Qiang, Li, Wang Yiwei, Andrew Small, Marshall, Mikko Huotari, Antony Blinken, Sarah Marsh, Andreas Rinke, Laurie Chen, John Geddie, Giles Elgood Organizations: REUTERS, Volkswagen, BASF, BMW, Centre, European Studies, Renmin University of China, Greens and Free Democrats, Social Democrats, Analysts, Mercator Institute for China Studies, Sunday, Thomson Locations: Berlin, Germany, China, Beijing, Munich BERLIN, Europe, European Union, Asia, Munich, Bavaria, Paris
CNN —A 61-year-old Alabama man was arrested after failing to report that he’d been living “for days” with a dead relative in his home, investigators said. Leandrew Smith Jr. Walker County Sheriff's OfficeThey discovered Smith had been living there without alerting authorities that his relative had died, according to the post. Walker County Jail authorities did not immediately respond to a request for comment from CNN. It is not clear whether Smith has legal representation or how many days the person had been dead in the home. Investigators are looking into the cause and manner of the person’s death, according to the post.
Persons: he’d, Leandrew Smith, Leandrew Smith Jr, Smith Organizations: CNN, Facebook Locations: Alabama, Walker, Sipsey, Birmingham
Reddit CEO Steve Huffman told The Verge that popular third-party app developers have made millions. They've made millions," Huffman said. In an interview with The Verge, Steve Huffman, Reddit's CEO, has doubled down on the policy change, which could cost popular third-party apps millions. Additionally, he emphasized that apps like Apollo and RIF, another popular third-party app that gives users access to Reddit, aren't "side projects or charities." Apollo's Selig did not immediately respond to Insider's request for comment regarding the "millions" Huffman claims he has made.
Persons: Steve Huffman, They've, Huffman, Christian Selig, Apollo's Selig, Selig, Andrew Shu Organizations: Morning, Reddit's, Ars Technica, Apollo Locations: Reddit
Blinken will hold meetings in China on June 18-19 and may meet with Chinese President Xi Jinping, sources said. He will be the highest-ranking U.S. government official to visit China since Biden took office in January 2021. That followed a tense evening phone call with Blinken on Tuesday during which Chinese Foreign Minister Qin Gang told the U.S. to stop meddling in China's affairs. So even going through the motions has some utility for both Washington and Beijing." Particularly worrisome for China's neighbors has been its reluctance to allow regular military-to-military talks between Beijing and Washington, despite repeated U.S. attempts.
Persons: Antony Blinken, Xi Jinping, Biden, Qin Gang, Wang Wenbin, Joe Biden, Andrew Small, Marshall, Tsai Ing, Stephane Dujarric, EYEING BIDEN, Xi, Emanuel Macron, Blinken's, Janet Yellen, Gina Raimondo, Yun Sun, Humeyra Pamuk, David Brunnstrom, Laurie Chen, Martin Pollard, Michelle Nichols, Ben Blanchard, Don Durfee, Daniel Wallis Organizations: Blinken, Foreign, Washington, French, U.S, Treasury, China Program, Stimson, Economic Cooperation, APEC, Biden, Thomson Locations: Beijing, United States, China, U.S, Asia, Taiwan, Taiwan Strait, Washington, Bali, Europe, East, Africa, Saudi Arabia, India, San Francisco, New York, Taipei
FRANKFURT/BERLIN, June 16 (Reuters) - A Chinese delegation led by Premier Li Qiang will meet Germany's top CEOs next week as part of a visit to Europe, hoping to strengthen ties at a time when Berlin is pursuing a strategy to lessen its economic dependence on Beijing. A meeting between Li and a group of German and Chinese CEOs is scheduled for June 19, according to people familiar with the plans. Mercedes-Benz (MBGn.DE), SAP (SAPG.DE) and Siemens Energy (ENR1n.DE) all confirmed that their CEOs would meet with the delegation. The CEO of Volkswagen (VOWG_p.DE) division Audi will also participate, a person familiar with the matter said. BASF (BASFn.DE), Bayer (BAYGn.DE), Infineon (IFXGn.DE), Volkswagen (VOWG_p.DE) and BMW (BMWG.DE), all companies with major business ties to China, declined to comment.
Persons: Premier Li Qiang, Li, Li Shufu, Mercedes, Roland Busch, Olaf Scholz, Robert Habeck, Andrew Small, Marshall, Siegfried Russwurm, Ilona Wissenbach, Hakan Ersen, Christoph Steitz, Ludwig Burger, Patricia Weiss, Christina Amann, Andreas Rinke, Rene Wagner, Sarah Marsh, Jan Schwartz, Alexander Huebner, Raju Gopalakrishnan, Louise Heavens Organizations: Premier, Mercedes, Benz, SAP, Siemens Energy, Volkswagen, Audi, Beijing Automotive Group Co, HK, Siemens, Pacific Committee, BASF, Bayer, Infineon, BMW, Thomson Locations: FRANKFURT, BERLIN, Europe, Berlin, Beijing, China, Asia, German, Germany, Frankfurt, Hamburg, Munich
Andrew Slimmon of Morgan Stanley Investment Management says a "meaningful" correction may not happen right now. "But it's premature and the stock market is right now feeding off … those lower inflation month to month price," Slimmon added. Stock picks Nevertheless, there are pockets of opportunity in the market right now, according to Slimmon. He named three stocks to buy: American equipment rental company United Rentals , financial services company Ameriprise and building materials company CRH . "In my opinion, investors looking to get into the market will view the recent laggards as an opportunity to get more invested," he said of those three stocks.
Persons: it's, Andrew Slimmon, CNBC's, There's, you've, Slimmon, there's, — CNBC's Michael Bloom Organizations: Nasdaq, Morgan Stanley Investment Management, U.S . Federal, Federal Reserve, Stock, United Rentals Locations: bullish
But for investors worried that more Fed rate hikes in the coming months could tip the economy into recession, fixed income might be a more attractive bet. "Municipal bond issuers appear well poised to weather a possible recession in 2023/24. Bank of America has the equivalent of a buy rating on several municipal bond ETFs, including JPMorgan Ultra-Short Municipal Income ETF (JMST) and the iShares National Muni Bond ETF (MUB) . Some large funds that could fit that description include the iShares 3-7 Year Treasury Bond ETF (IEI) , the Schwab Intermediate-Term US Treasury ETF (SCHR) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT). The actively managed Flexible Income ETF (BINC) launched in May and has about $76 million in assets so far, according to FactSet.
Persons: Michelle Cluver, Andrew Slimmon, Slimmon, Russell, Jared Woodard, Woodard, Cluver, Rick Rieder Organizations: Federal, Global, Morgan Stanley Investment Management, RSP, Nasdaq, Bank of America, JPMorgan Ultra, Muni Bond ETF, Treasury Bond ETF, Treasury, BlackRock
"This would be the nail in the coffin for Huawei in Europe," said Paolo Pescatore, an analyst at PP Foresight. China has asked for Huawei to be one of the main points on the agenda, one of the sources familiar with the matter said. Germany's China hawks expressed outrage in March when a Reuters story revealed that German state rail operator Deutsche Bahn was using Huawei gear to digitalise its operations. Berlin in 2021 passed a law setting high hurdles for makers of telecommunications equipment for the "critical components" of 5G networks. It is estimated it would cost billions of euros to rip out and replace Huawei equipment in European countries, potentially burdening telecom companies already sitting on huge debts.
Persons: Paolo Pescatore, Andrew Small, Mikko Huotari, Sweden's, Sarah Marsh, Andreas Rinke, Supantha Mukherjee, Foo Yun Chee, Sergio Goncalves, Mark Potter Organizations: European, Huawei, Deutsche Telekom, Foresight, Deutsche Bahn, Mercator Institute for China Studies, Telecom, Nokia, Sweden's Ericsson, Thomson Locations: BERLIN, STOCKHOLM, Germany, Brussels, Berlin, Beijing, Europe, China, China's, Denmark, Portugal, West, U.S, Stockholm, Lisbon
Adobe's Dana Rao told employees to be careful when discussing the proposed Figma acquisition. Adobe's top lawyer told employees in an internal email to be extra careful when talking about the company's $20 billion proposed Figma acquisition, as antitrust scrutiny of the deal intensifies. In the his Adobe email, Rao said it's normal for a deal of Figma's size to go through lengthy regulatory reviews. During a March earnings call with analysts, Adobe's CEO Shantanu Narayen shared a similar end-of-year closing date for the Figma deal. In his email this month, Rao added 3 reasons why the company thinks Figma would be a good acquisition for Adobe.
Persons: Adobe's Dana Rao, Dana Rao, Department's, Rao, Shantanu Narayen, Narayen, Adobe's, Andrew Savage, Savage, Slack, Figma, Dana, Eugene Kim Organizations: Adobe, DOJ, European, SEC, CNBC, Federal Trade Commission, Activision Blizzard, Adobe Express, Department of Justice, Markets Authority, General, Competition Locations: ideation, Europe
CNN —It’s only June, but scientists in the US are already thinking about flu season. As always at this time of year, they’re keeping a close eye on Australia, which saw an early start to its flu season. “We closely monitor what happens in countries throughout the Southern Hemisphere this time of year, just to see what’s happening during their flu season. If many people opt out of the flu vaccine, cases could rise. So while Reed and her colleagues will be watching Australia’s flu numbers and running their calculations, it’s still not totally clear what 2023’s flu season will bring for the US.
Persons: CNN — It’s, don’t, Care, It’s, , Carrie Reed, Reed, “ We’ve, Thomas McAndrew, , Taylor Swift, ” McAndrew, William Schaffner, Dr, Sanjay Gupta, , it’s, ” Reed Organizations: CNN, Australian Department of Health, US Centers for Disease Control, CDC, Department of Community, Population Health, Lehigh University . “, Vanderbilt University Medical Center, National Foundation for Infectious Diseases, CNN Health, World Health Organization, agency’s Department of Health, Care Locations: Australia, Southern, Chicago, agency’s
Bank of America has named European insurance giant AXA as one of its top picks in the insurance sector, given its attractively low valuation and generous dividends. The investment bank believes AXA shares are a bargain because it is predicted to earn much more than its stock price suggests. This yield consists of a 6.8% dividend yield plus a 2.4% yield from the company buying back its own shares. AXA's valuation is said to be one of the lowest in its sector, even with the prediction of a steadily increasing dividend yield. Shares of the French multinational have risen by 3.8% so far this year and currently offer a dividend yield of 6.2%.
Persons: Andrew Sinclair, Sinclair's Organizations: of America, AXA, Bank of America, CS, Atlantic, company's Locations: Paris
Despite their ease of use, passwords come with significant downsides: More than 80% of data breaches are the result of weak passwords. In 2004, Bill Gates famously envisioned the death of traditional passwords, and there have been several attempts to replace them. That's great if all of your devices are from one company — your Apple passkey would work across an iPhone, iPad, and MacBook. "Similar to our recommendations when it comes to other forms of authentication, we advise against the sharing of passkeys, passwords, etc. Passwords won't disappear overnight, but what FIDO Alliance has accomplished has convinced me our passwordless future is just around the corner.
Persons: it's, I'm, Zhao, There's, Christiaan Brand, Bill Gates, FIDO, Steve Won, Florentin, passkeys, Andrew Shikiar, Won, Google's Brand, 1Password, Buffalo's Zhao, Shubham Agarwal Organizations: Microsoft, Cybersecurity Ventures, Apple, Google, Alliance, University at Buffalo, University of Cambridge, Mastercard, TU Darmstadt, FIDO Alliance, Bluetooth, Research, Istanbul Technical University, University, Buffalo's, Wired, Company Locations: Germany, Ahmedabad, India
A decline in corporate earnings will stop the stock-market rally in its tracks, Morgan Stanley said. Earnings per share for the S&P 500 will fall by 16%, the team of strategists said, per Bloomberg. US earnings now face downside risk, Sheet's team said, noting that the firm expects S&P 500 earnings per share to be $185, which is less than Wall Street's average prediction of $206. Morgan Stanley anticipates the key index to fall to 3,900 by the end of the year, per Bloomberg. The S&P 500 has gained nearly 12% so far this year to 4,282 as of Friday's close on the back of an artificial intelligence-fueled rally.
Persons: Morgan Stanley, , Andrew Sheets, Morgan Stanley's, Goldman Sachs Organizations: Bloomberg, Service, & $
People sit outdoors at the Petite Crevette Restaurant on June 05, 2021 in the Brooklyn borough of New York City. During the Great Recession, consumers hunted for bargains, trading down to cheaper restaurants or picking the least expensive menu options. But today, as inflation puts pressure on their wallets, consumers are more likely to cut back on their restaurant visits instead to preserve their budgets, according to a report from AlixPartners. In April, prices for food away from home rose 8.6% compared with the year-earlier period, according to the Bureau of Labor Statistics. Back in January 2009, just 12% of respondents said they would eliminate or reduce visits to cut back on their restaurant spending.
Persons: Andrew Sharpee Organizations: Bureau of Labor Statistics, Intelligence, AlixPartners Locations: Brooklyn, New York City, AlixPartners
Melting snow that continues to fill reservoirs with water will allow the state to fill 100 percent of water requests for the first time in nearly two decades. Even with the spring snow melt, much of the snowpack is expected to last into July or, in some cases, even into August or September, which will help keep Sierra Nevada forests moist and the fire danger lower. For those that don’t want to leave winter behind, several ski resorts are staying open well into the summer. If only for one year, abundant, clear and cold waters will come down from the Sierra Nevada mountains. It’s a breath of fresh air after seemingly endless bad news about water, climate, and natural disasters in the West, one to celebrate.
Organizations: California Department of Water Resources, Southwest Locations: Sierra Nevada, West
CNBC Daily Open: The A.I. rally is too narrow
  + stars: | 2023-05-31 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
Everyone else, however, is a bystander reaping no benefits — and that could have implications for broader markets. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Everyone else, however, isn't so much a loser, but a bystander reaping no benefits — and that could have implications for broader markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.
Persons: Wood, We're, Andrew Smith, Javed Mirza, Ataman Ozyildirim, we've Organizations: NVIDIA, CNBC, . Semiconductor, Nvidia, Marvell, Broadcom, Big Tech, Apple, Microsoft, Delos Capital Advisors, Conference, The Conference Board Locations: Taipei, Dallas, Canada, U.S
CNBC Daily Open: The A.I. rally's too narrow
  + stars: | 2023-05-31 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
Everyone else, however, is a bystander reaping no benefits — and that could have implications for broader markets. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Everyone else, however, isn't so much a loser, but a bystander reaping no benefits — and that could have implications for broader markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.
Persons: Jensen Huang, Wood, We're, Andrew Smith, Javed Mirza, Ataman Ozyildirim, we've Organizations: Nvidia, CNBC, . Semiconductor, Marvell, Broadcom, Big Tech, Apple, Microsoft, Delos Capital Advisors, Conference, The Conference Board Locations: Taipei, Dallas, Canada, U.S
During the pandemic, Mr. “It can be a little distracting,” said Mr. Slaughter, who sequestered himself at a small desk in his bedroom. “It’s not as though I could go anywhere in the house.”When LabCorp told its employees they would be returning to the office, Mr. Slaughter found out he had no office to return to — his job had been made “fully remote.” Like many companies, LabCorp reduced office space, having found employees were just as effective — and often happier — working from home.
Persons: Andrew Slaughter, Slaughter, , “ It’s, LabCorp Organizations: Research, of Locations: of Durham, N.C, singalongs
Traders on the floor of the NYSEStock futures were flat on Tuesday evening as investors kept an eye on the federal debt ceiling debate in Washington ahead of the final trading day of May. S&P 500 futures and Nasdaq 100 futures were each little changed. Heading into the final trading day of May, the Nasdaq Composite is up nearly 6.5% for the month. One factor that has weighed on the market in recent weeks is the fight over the debt ceiling. President Joe Biden and House Speaker Kevin McCarthy announced a deal over the weekend to cap federal baseline spending for two years and raise the debt ceiling, but the agreement has not yet been ratified.
Persons: Dow, We're, Andrew Smith, Joe Biden, Kevin McCarthy Organizations: NYSE Stock, Futures, Dow Jones, Nasdaq, Dow, Nvidia, Wall, Delos Capital Advisors Locations: Washington, Dallas
MONACO, May 28 (Reuters) - Formula One rivals hope to discover some of dominant Red Bull's most closely guarded secrets from photographs of the underside of Sergio Perez's car after it was craned off the Monaco Grand Prix circuit. The floor is the most aerodynamically sensitive area of the car, with ground-effect sculpting responsible for much of the performance. Monaco marshals typically use cranes to clear stranded cars from the metal-fenced track because of the close confines and lack of runoff. "So the teams will be all over those kinds of photographs. "There’s a lot of very excited aerodynamicists up and down the pitlane looking at all of that."
But as some argue, in its quest to avoid another taper tantrum, the Fed delayed that two-pronged tightening too long, which has partly contributed to the stickiness of inflation today. This lengthy buildup may have averted another taper tantrum, but tied the Fed's hands on raising rates even as inflation was roaring back. Markets thought this not only meant the Fed would soon "taper" its bond purchases, but also raise interest rates. The Fed and markets have learned their lessons from the taper tantrum. Maybe the taper tantrum illustrates that it wasn't as planned and consistent as it should have been," he said.
This Summer We’re Helping Scientists Track Birds. This data will help scientists understand better how birds are affected by forces like climate change and habitat loss. We’re obviously a little bit biased here, so I’m going to recommend the Merlin Bird ID app. Nearly half of all bird species worldwide are known or suspected to be in decline, and climate change could accelerate this trend. Look up past reports of that species on the eBird Species Map and zoom in on your city.
Persons: Mike McQuade, We’ll, Michelle Mildenberg Daryln Brewer Hoffstot, phoebe, Hoffstot, Indigo Goodson, , Kirsten Luce, Alli Smith, Merlin, , It’s, That’s, Andrew Spear, , Tom Auer, Mr, Auer, birders, James T, Tanner, Steven C, Latta, Chris Elphick, . Latta, Michaels, et, Christine Schuldheisz, Richard O ., Ivory, they’d, Mark, Elphick, there’s, ” Dr, eBird, I’m Organizations: Birds, Cornell, of Ornithology, The New York Times, New York Times, University of Connecticut, Credit, United States Fish and Wildlife Service, Yale, Times, Cornell Lab, Walmart Locations: Pennsylvania, North America, Virginia, South America, Canada, Alaska, Louisiana, Pittsburgh, United States, Cuba, Arkansas, eBird
Lawmakers in New York are concerned their state is headed in a similar direction. New York legalized cannabis possession in small amounts in 2021. Housing Works Cannabis Co., a licensed dispensary in New York City. Photo: Andrew Seng for WSJ
If Biden Bows Out, How About Michelle Obama?
  + stars: | 2023-05-15 | by ( Douglas Schoen | Andrew Stein | ) www.wsj.com   time to read: +1 min
Wonder Land: Whether it's the border, the economy or crime, the progressive way of governance is that no policy mistake can change—ever. The latest ABC News/Washington Post poll finds President Joe Biden with a 36% approval rating and trailing Mr. Trump by 6 points in a race for the White House. We aren’t the only Democrats considering alternatives and wondering: If not Mr. Biden, who should be the nominee? To be sure, Mr. Biden will remain a candidate as long as he is both physically able and politically viable. Unfortunately for the president, the majority of the country—including many Democratic voters—are already on board with making that case.
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