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☆ Want to Be an Artist? You’re in Luck. This One Is Selling His Practice.
▼ + stars: | 2023-05-26 | by ( Brian Boucher | ) www.nytimes.com time to read: +1 min

In 1967, Agnes Martin left New York for the New Mexico desert, avoiding the art world for years. Now, another New York artist is making a unique and provocative exit. On Darren Bader’s humorously named website, aaronbader.com, a sign reads: “20 Yrs: Selling My Practice.”“It’s been a good ride,” he says on the site. If he finds a buyer, he will be prohibited from being Darren Bader the contemporary artist, and that identity will be taken over by the buyer. He’s often (unflatteringly) called a prankster, but if this is a prank, it’s the kind that comes with an eight-page contract, drawn up with the attorney David Steiner (also known as artist Alfie Steiner).

☆ Norway's sovereign wealth fund votes against Chevron and Exxonmobil
▼ + stars: | 2023-05-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The world’s biggest investor in the stock market wants ExxonMobil and Chevron to do more to tackle the climate crisis. Norway’s sovereign wealth fund, which holds $1.4 trillion in total assets, announced Friday that it would back calls for the US oil companies to set more aggressive emission reduction targets. It said it would support motions proposed by climate activist group Follow This at the companies’ annual shareholder meetings next Wednesday. ExxonMobil and Chevron (CVX) have urged shareholders to reject them. It holds a 0.86% stake in Chevron and a 1.13% stake in ExxonMobil, according to the latest fund data.

☆ Analysis: Investment banking faultlines trigger European job shake-up
▼ + stars: | 2023-05-19 | by ( Sinead Cruise | ) www.reuters.com time to read: +5 min

Applications for financial services roles globally rose by 67% in the first quarter of 2023 against the same period last year, according to eFinancialCareers. Britain has already said it will scrap a cap on bank bonuses under plans to attract global financial sector talent. Worries about possible contagion triggered by the frailty of the U.S. regional banking system have also put some bank staff on a quest for more secure employment, sources say. Duncan Finlayson, managing director of the FinTech & Financial Services practice at Raines International, said some wanted meetings with chief financial officers to better understand the financial health of prospective employers. "Without a doubt some of the more established financial services platforms are under more heavy scrutiny," he said.

☆ Blur's Alex James on making new album: 'It's exciting and emotional'
▼ + stars: | 2023-05-19 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

[1/2] Members of the British band Blur Alex James, Graham Coxon, Damon Albarn and Dave Rowntree, sit in a recording studio in this undated handout photo. Reuben Bastienne-Lewi/Parlophone... Read moreLONDON, May 19 (Reuters) - Recording Blur's first new album in eight years has been "exciting and emotional", bassist Alex James says, as the band prepares for a series of gigs this summer where fans will get to hear their new tunes. Blur, who exploded onto the British music scene in the early 1990s with hits like "Girls & Boys" and "Parklife", surprised fans on Thursday by announcing their ninth studio album, "The Ballad of Darren", would be released on July 21. "What's incredible about this record is it just does feel like we've just sort of picked up where we left off. We started making the record in the depths of winter, and now... we're into summer and we're ready to rock."

Services inflation accelerated to 1.7% in April from 1.5% in March, the data showed, suggesting that rising labour costs may be starting to feed into broader consumer inflation. "Given stubborn food price pressures, we now expect underlying inflation to peak at 4.5% by mid-year," said Darren Tay, Japan economist at Capital Economics. "But the inflationary cycle is probably at its tail end - producer price inflation has fallen significantly over the past three months. Ueda has stressed the need to keep monetary policy ultra-loose until inflation is sustainably around 2% and accompanied by wage hikes. He has also said Japan's core consumer inflation will slow back below 2% toward the latter half of the current fiscal year ending in March 2024.

☆ Meet the Pro Athlete Who Is Thrilled to Be in His 50s
▼ + stars: | 2023-05-17 | by ( Alan Blinder | ) www.nytimes.com time to read: +1 min

THE WOODLANDS, Texas — Just past a Dairy Queen near Houston last month, Steven Alker’s new status was aloft: His name and face were on a lamppost banner. Championship tee box as the man who surged from nearly-never-in-first to toast of the PGA Tour Champions, as the senior circuit is known. He is not exactly the betting favorite, not in a field largely headlined by men in their 20s and 30s. He knows he may not even make the cut and finish the tournament, where a victory would make Alker, 51, the oldest major champion in history. But Alker has been defying the clock that has often been the etiology of agony for professional athletes.

☆ UK jobless rate rises, potentially easing Bank of England inflation worries
▼ + stars: | 2023-05-16 | by ( ) www.cnbc.com time to read: +2 min

Investors are questioning the health of the commercial real estate sector following a string of recent banking crises. Britain's unemployment rate unexpectedly rose to 3.9% in the three months to March as more people sought to get back into the jobs market, potentially easing concerns at the Bank of England about inflation pressures. Economists polled by Reuters had expected the rate to hold at 3.8%. However, pay growth - which is at the heart of the BoE's debate about whether to raise interest rates further - remained strong by historical standards. Annual pay growth including bonuses held at 5.8%, as expected in the Reuters poll.

☆ UK jobless rate rises, potentially easing BoE inflation worries
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 16 (Reuters) - Britain's unemployment rate unexpectedly rose to 3.9% in the three months to March as more people sought to get back into the jobs market, potentially easing concerns at the Bank of England about inflation pressures. Economists polled by Reuters had expected the rate to hold at 3.8%. However, pay growth - which is at the heart of the BoE's debate about whether to raise interest rates further - remained strong by historical standards. Annual pay growth including bonuses held at 5.8%, as expected in the Reuters poll. However, the number of people not working due to long-term sickness rose to a new record, Morgan said.

☆ Exxon Executive Suite Goes Lean With End of ‘God Pod’ Era
▼ + stars: | 2023-05-14 | by ( Collin Eaton | ) www.wsj.com time to read: 1 min

Exxon Mobil is moving its global headquarters to this glass-dominated campus in Spring, Texas. Photo: Meridith Kohut for The Wall Street JournalAfter inhabiting a palatial executive suite known as the “God Pod” for more than 25 years, Exxon Mobil ’s top brass is downsizing to less-celestial chambers. In a part-symbolic, part-practical move for the oil company, Chief Executive Officer Darren Woods and his top lieutenants are packing up their Dallas-area offices for a move this summer to a C-suite now under construction at a campus outside Houston, according to people familiar with the matter. The new office is intended to be at least a bit more egalitarian and economical, in keeping with the company’s recent pledges to be leaner, the people said.

☆ UK economy limps along as high inflation hits spending
▼ + stars: | 2023-05-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

“Sky-high inflation, negative real wage growth and general cost of living pressures are weighing on the consumer, and in turn the services industry which is typically a key growth engine for the UK economy,” she added in a note. The Bank of England raised interest rates for the 12th consecutive time Thursday in its battle with double-digit inflation. The central bank expects the UK economy to grow by 0.25% this year and by 0.75% in 2024 — a much more positive assessment than in February, when it forecast contractions of 0.5% and 0.25%, respectively. Inflation still highConsumer price inflation in the UK remains stubbornly high, holding above 10% in the year to March. “With inflation still in double digits, it feels depressingly like a re-run of the 1970s.”The Bank of England expects inflation to fall sharply over the coming months.

☆ Vivek Ramaswamy's firm courts GOP officials as he pushes businesses to stay out of politics
▼ + stars: | 2023-05-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +14 min

Scott Olson | Getty ImagesRepublican presidential hopeful Vivek Ramaswamy built his White House bid around urging companies to stay out of politics. The messages show Ramaswamy's firm actively engaged with GOP state leaders who have defended the fossil fuel industry and criticized environmentally conscious investment standards. Ramaswamy on Thursday defended the firm's engagement with GOP officials, saying bigger firms BlackRock, Vanguard and State Street have conducted similar practices with state officials across the country. Strive has become one of the more vocal opponents of ESG investing and has gained enough notoriety to challenge the likes of fossil fuel giant ExxonMobil . Ron DeSantis, have often attacked ESG investing standards and corporations that support social causes — an increasingly common refrain within the GOP.

☆ Billionaires and CEOs descended on Beverly Hills to talk recession, bank failures, and more. Here's the inside track.
▼ + stars: | 2023-05-07 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: The big takeaways from the Milken Institute Global Conference in Beverly Hills. Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference Mike Blake/ReutersThe big-money set jetted into LA last week for the Milken Global Conference. Biggest opportunityCampbell: The pullback in lending by banks is raising the hopes of those in the private credit industry. Read more:'Junk fees'Getty ImagesIt goes by many names: an administrative fee, a transaction fee, even a "regulatory compliance" fee. Akash Nigam, the founder and CEO of Genies, who is spending $2,400 a month on ChatGPT accounts for all his employees.

☆ An N.F.L. Star Finds Confidence in Making Music
▼ + stars: | 2023-05-07 | by ( Emmanuel Morgan | Gabriella Angotti-Jones | ) www.nytimes.com time to read: +2 min

Later in 2017, Darren Waller released his debut album, “Better Call Wall,” 12 songs he rapped with lyrics about his life. reinstated Waller, he signed with the Raiders in November 2018 and was named to the Pro Bowl in the 2020 season after posting 1,196 receiving yards and nine touchdowns. In his downtime, he began dating Plum, a star player for the W.N.B.A’s Las Vegas Aces, shortly after meeting her last April while recording a podcast. He proposed to her in October during a bye week for the Raiders, with Waller later telling McDaniels and Ziegler that the couple was keeping their upcoming marriage confidential. Before Waller and Plum could reveal their March wedding on Instagram, Ziegler and McDaniels told reporters of the upcoming nuptials during an off-the-record session at the N.F.L.

CNN —Mage won the 149th Kentucky Derby at Churchill Downs in Louisville, Kentucky, on Saturday. “It took me a little while to get there, to finally get it.” The victory was the first at the Kentucky Derby for Castellano in 16 attempts. Albert Cesare/USA Today/ReutersPrior to the Kentucky Derby, Mage only had one victory in three career starts. He’s the second horse to die today at the track, making it an appalling seven deaths in advance of the Kentucky Derby. They should play ‘Taps’ at the Derby instead of ‘My Old Kentucky Home.’”Correction: A previous version of this story misstated the location of Churchill Downs.

CNN —Two more horses have died at Churchill Downs, the home of the famed Kentucky Derby, officials from the track announced on Saturday. A total of seven horses have now died at the racetrack in the week-long lead up to the race. On Friday, racehorse trainer Saffie Joseph Jr. was suspended indefinitely by Churchill Downs following the “highly unusual” deaths of two of his horses, Parents Pride and Chasing Artie. Three other horses – not trained by Joseph – also died in recent days. According to Churchill Downs, Wild on Ice, a Derby contender, was hurt while training on Thursday and Take Charge Briana was injured in a race on Tuesday.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThreats to the billion dollar parking industryWhile historically family-owned, the parking industry is today largely dominated by two players: SP Plus (SP+) and ABM. But the industry is facing some challenges. Aside from the rise of e-commerce and ride-hailing, a post pandemic world where workers are rarely driving into urban areas is forcing the industry to pivot and expand its services, as well as heavily invest in technology. It remains to be seen if those strategic decisions will pay off.

☆ Here are the 5 key takeaways from this year's Milken Global conference
▼ + stars: | 2023-05-05 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +12 min

The pullback by banks is raising the hopes of those in the private credit industry. Some panelists and others who spoke in the hallways of the event suggested that there was a large-scale handoff from private equity to private credit. Many private-equity firms are scrambling to raise private credit funds to take advantage. "I don't think this is the end of private equity, but the environment certainly favors private credit," he said. And that will show up in lower returns for private credit funds, she said.

☆ A real-estate investor who owns 12 properties shares the 10 business, investing, and personal development books that helped him build a $2.7 million portfolio in just 4 years
▼ + stars: | 2023-05-05 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +9 min

These books cover real estate and investing, business, personal development, and leadership. Intrigued by real-estate investing, Rivers took the plunge and bought his first real-estate investment property in 2019. In a recent interview, Rivers shared the 10 books — spanning topics such as business, investing, and personal development — that helped him scale his portfolio quickly. "What It Takes" by Stephen A. SchwarzmanThis book, written by the billionaire investor and Blackstone CEO Stephen A. Schwarzman, is one of Rivers' personal favorites. While much of the focus for entrepreneurs is on building a business, Rivers said understanding how to sell a business was just as important.

☆ Saudi Arabia says LGBTQ visitors are now welcome
▼ + stars: | 2023-05-04 | by ( Julia Buckley | ) edition.cnn.com time to read: +8 min

CNN —As Saudi Arabia continues its drive to attract tourists, authorities in the country appear to be reaching out to a particularly lucrative section of the market: LGBTQ travelers. “Everyone is welcome to visit Saudi Arabia and visitors are not asked to disclose such personal details,” is the website’s response to the question on its FAQ page: “Are LGBT visitors welcome to visit Saudi Arabia?”It is not known exactly when the website was updated. Same-sex sexual activity is an offense in Saudi Arabia, according to Human Rights Watch. LGBTQ+ travelers are a lucrative market, according to Darren Burn, CEO of Out Of Office, a luxury travel planning service for the community, and of Travel Gay, the world’s largest LGBTQ+ travel platform. Human rights researcher Nora Noralla told CNN that the kingdom is following Qatar and Dubai in its bid to attract LGBTQ+ travelers.

☆ Recent College Student Arrested in Three Stabbings in California Town
▼ + stars: | 2023-05-04 | by ( Shawn Hubler | ) www.nytimes.com time to read: +2 min

He was a third-year, biological sciences student at U.C. It is unclear whether Mr. Dominguez knew any of the three victims, Chief Pytel said. Colloquially known as “the Compassion Guy,” Mr. Breaux had been stabbed “many, many times,” Chief Pytel said in a City Council meeting this week. Two days after that first attack, Karim Abou Najm, 20, a student majoring in computer science at U.C. Davis, was killed on a bike path after an altercation in a neighborhood park at 9:14 p.m. on Saturday.

☆ Maple Leafs oust Lightning for first playoff series win since 2004
▼ + stars: | 2023-04-30 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

"Obviously it's a bit of a monkey off our back and we still got plenty of work to do but this one obviously feels really great," said Maple Leafs forward Auston Matthews. Toronto's last postseason series win came long before the arrival of gifted goal scorer Matthews (2016), explosive winger Mitch Marner (2016) and durable captain Tavares (2018). And for once the Maple Leafs, who had gone 0-11 in series-clinching games since they last advanced, gave their eternally optimistic fan base a reason to celebrate. The Tavares goal less than five minutes into overtime allowed the entire Maple Leafs organization and their fan base to breathe a collective sigh of relief. The Maple Leafs will next face the winner of Sunday's game between the top-seeded Boston Bruins and Florida Panthers.

☆ Exxon Has 40 Billion Reasons to Go Shopping
▼ + stars: | 2023-04-28 | by ( Jinjoo Lee | ) www.wsj.com time to read: +1 min

Darren Woods, CEO of Exxon Mobil. There is pressure on the oil giant to spend its cash pile wisely. Cash is piling up for all oil majors, but none as prolifically as Exxon. The company said Friday that its net income was $11.4 billion in the first quarter, handily beating Wall Street estimates. Exxon generated $11.4 billion worth of free cash flow in the quarter and its cash balance grew to $32.7 billion, the highest since 2008.

☆ Exxon Mobil CEO Darren Woods: Industry could be very successful with the prices we see today
▼ + stars: | 2023-04-28 | 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 EmailExxon Mobil CEO Darren Woods: Industry could be very successful with the prices we see todayExxon Mobil CEO Darren Woods joins 'Squawk Box' to discuss the company's first-quarter earnings results, production outlook, and more.

☆ Exxon delivers record first-quarter profit on higher output
▼ + stars: | 2023-04-28 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

Exxon doubled profits from the same quarter last year as higher output more than compensated for lower energy prices. Shares rose 2.3% to a record high of $119.52 per share after Exxon reported its results on Friday. "We delivered a first-quarter record despite the fact that energy prices and refining margins are softening a bit," Chief Financial Officer Kathryn Mikells said in an interview. Exxon's oil and gas output rose to the highest level in almost four years. Exxon's oil and gas production rose to the most since 2019 to 3.83 million barrels of oil equivalent per day (boed), up by 160,000 boed from the previous quarter.

☆ Watch CNBC's full interview with Exxon Mobil CEO Darren Woods on
▼ + stars: | 2023-04-28 | 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 EmailWatch CNBC's full interview with Exxon Mobil CEO Darren Woods onExxon Mobil CEO Darren Woods joins 'Squawk Box' to discuss the company's first-quarter earnings results, production outlook, the establishment of a new global trading division, and more.

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