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☆ ‘The Apprentice’ premieres to applause and controversy at Cannes Film Festival
▼ + stars: | 2024-05-21 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —“The Apprentice,” a new film about former President Donald Trump’s real estate dealings in New York in the ’80s, debuted to a standing ovation at the Cannes Film Festival and criticism from his campaign. Starring Sebastian Stan as a young Trump, the film is an “exploration of power and ambition set in a world of corruption and deceit,” according to an official synopsis. “Succession” star Jeremy Strong co-stars as Roy Cohn, the lawyer and fixer who Trump considered a mentor early in his career. There is only the way of dealing with this wave on its own turfs at its own level,” he said. APThe film includes a depiction of Trump’s relationship with his first wife, Ivana, and their divorce, according to The Hollywood Reporter.

Persons: CNN —, ”, Donald Trump’s, Sebastian Stan, Trump, Jeremy Strong, Roy Cohn, “, Gabriel Sherman, Ali Abbasi, ” Abassi, “ It’s, ” Gabriel Sherman, Maria Bakalova, Martin Donovan, Ivana, liposuction, ” Steven Cheung, doesn’t, ” Maria Bakalova, Ivana Trump, Catherine McNally, Charlie Carrick Organizations: CNN, Cannes Film, Republican, Iranian, Hollywood, Trump Locations: New York, Danish

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

☆ Trump's hush money verdict hinges on a single piece of paper. See the most important evidence in the case.
▼ + stars: | 2024-05-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +13 min

Read previewWelcome to People's Exhibit 35, the single most important piece of evidence in the Donald Trump hush-money trial. People's 35 is the fulcrum for the entire case. What People's 35 does not have is Trump's fingerprints, a point that the defense is sure to press during closing arguments next week. AdvertisementProsecutors allege that Trump's payments to Cohen were falsified to conceal hush money paid to adult film star Stormy Daniels. "Yes," Cohen answered, as Trump watched from the defense table"And what, if anything, did Mr. Trump say at the time?"

Persons: —, Donald Trump, Trump, Michael Cohen, Cohen, Stormy Daniels, we'll, Allen Weisselberg, Weisselberg, Cohen —, Reince, Jon Elswick, Susan Hoffinger, Daniels, Hoffinger, Todd Blanche, — Cohen, Keith Davidson, Davidson, Karen McDougal, Playboy Bunny, Trump's, Melania Trump, peddled, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila, RedFinch, That's Allen Weisselberg's, Allen, — it's, Trump —, Mary Altaffer Organizations: Service, Business, Attorney's, Trump Organization, Trump, Prosecutors, AP, Manhattan, BI Prosecutors, Essential, Consultants, Tahoe, National Enquirer, RedFinch Solutions, RedFinch, People's, frick Locations: Manhattan, Virginia

☆ After a gunman tried to shoot him, this Pennsylvania pastor wants to make his church safer
▼ + stars: | 2024-05-19 | by ( Christina Maxouris | ) edition.cnn.com time to read: +12 min

Germany, a full-time bus driver and full-time pastor, knows how important this church is to its community. And now, it seems there’s another critical expense, though one this small church hardly could afford: security. Now, Germany wants to hire security experts to assess his church’s vulnerability and see how they can secure it. Pastor Glenn Germany in an undated image in his church in Pennsylvania. And it’s really dangerous.”In Tennessee, Lori Morrison has long been talking about the importance of church security, on both her website and her podcast.

Persons: Glenn Germany, It’s, ”, Chuck Schumer, Pastor Glenn Germany, Kevin Nelson’s, televangelist Joel Osteen, Nelson, I’m, ” Nelson, Schumer, Donell, what’s, “, Charlie Cytron, Walker, Beth Israel, Bishop Vashti Murphy McKenzie, Christ, McKenzie, it’s, Schumer’s, ” Schumer, Pastor Kevin Nelson, Rico Reed, ” Reed, Lori Morrison, Morrison, there’s Organizations: CNN, Police, Kevin Nelson’s Calvary Baptist Church, Lakewood Church, Calvary Baptist, Baptist, Calvary, Training, Beth, National Council of, Jewish, FEMA, New, Calvary Baptist Church . Calvary Baptist Church, SecureTek Service, Inc Locations: Pennsylvania, Germany, North Braddock, Pittsburgh, Louisiana, Lakewood, Houston, ” Germany, San Antonio, Nelson’s, Sutherland Springs, Maryland, Baltimore, …, Texas, USA, New York, Calvary Baptist Church . Calvary Baptist Church Florida, In Tennessee, ”

☆ Seize The Grey wins Preakness Stakes as Derby winner Mystik Dan comes in second
▼ + stars: | 2024-05-18 | by ( Ben Church | Kevin Dotson | ) edition.cnn.com time to read: +3 min

CNN —Seize The Grey bested an eight-horse field to win the 149th running of the Preakness Stakes at a muddy Pimlico Race Course in Baltimore. Entering the race at 9-1 odds, Seize The Grey ran ahead of Kentucky Derby winner Mystik Dan throughout the race. For the first time in 85 years, the Preakness Stakes was being run on a muddy track, conditions which clearly suited the three-year-old colt. Jockey Jaime Torres, competing in his first Preakness Stakes, rode Seize The Grey to a wire-to-wire victory. Rob Carr/Getty ImagesDramatic Kentucky DerbyEntering the race at 18-1 odds, three-year-old Mystik Dan came out victorious after an incredibly close Kentucky Derby.

Persons: Mystik Dan, Jaime Torres, Wayne Lukas, Bob Baffert, Rob Carr, Dan, Young, Brian Hernandez Jr, ” Mystik Dan, Charlie Riedel, Muth, Mystik, Ray Bryner, “, He’s, Bryner, Wayne Lukas ’ Organizations: CNN, Kentucky Derby, Preakness, Triple, Derby, Sierra, NBC, Jet Locations: Baltimore, Elmont , New York, Kentucky, Sierra Leone, Faultless, Churchill Downs

☆ South Koreans compete to see who’s best at doing absolutely nothing
▼ + stars: | 2024-05-16 | by ( Sophie Jeong | ) edition.cnn.com time to read: +4 min

The annual Space-out competition, held on Sunday, finds who’s best at zoning out for 90 minutes without falling asleep, checking their phone or talking. Speed skater Kwak Yoon-gy takes part in the annual Space-out competition held on Sunday in Seoul. 26-year-old YouTuber Kim Seok-hwan zones out as he participates in the annual Space-out competition held on Sunday in Seoul. CNNThis year marks the tenth anniversary of the Space-out competition, founded by a visual artist, who goes by the pseudonym Woopsyang, after she suffered severe burnout. Charlie Miller/CNNSince the first Space-out competition was held in Seoul in 2014, it has expanded internationally, with contests taking place in various cities such as Beijing, Rotterdam, Taipei, Hong Kong and Tokyo.

Persons: who’s, Kwak Yoon, Charlie Miller, CNN “, ”, “, Kim Seok, ” Woopsyang, Kwon, Auguste Rodin, Auguste Rodin's, ” Kwon Organizations: CNN, Olympics Locations: Seoul, Beijing, Rotterdam, Taipei, Hong Kong, Tokyo, Korea

☆ The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius
▼ + stars: | 2024-05-16 | by ( Ryan Ermey | ) www.cnbc.com time to read: +10 min

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. A shopping extravaganzaFor many shareholders, the annual meeting is less about buy-and-hold investing and more about, well, buying. Judith Lieber clutches were among the items on sale at Borsheim's in Omaha, Nebraska. The CHI Health Center before the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. Warren Buffett poses with Martin, the Geico gecko, ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 3rd, 2024.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Charlie Munger, I've, I'd, Borsheim's, Judith Lieber, Ryan Ermey, Diane Cunningham Redden, —, Clayton, Brooks, Sarah Min, who'd, She'd, they'd, James Eddins, Greg Abel, Carol Loomis, David A, Charlie, Guy Spier, Spier, Charlie Munger's, Doerthe Obert, Martin Organizations: Berkshire, Berkshire —, Oracle, CNBC, Nebraska Furniture Mart, IWC, CHI, Buffett, Squishmallows, Berkshire Hathaway, CHI Health, Apple, Harlem Globetrotters, Grogen, Aquamarine Fund, Grogan Locations: Omaha , Nebraska, Berkshire, England, Woodstock, Omaha, Geico, Nebraska, Borsheim's, China, Australia, Cincinnati , Ohio, Diane Cunningham Redden Cincinnati , Ohio, Columbus , Nebraska, Fairhope , Alabama, Zurich

☆ A Google executive shares the 5 things to avoid doing for a successful career
▼ + stars: | 2024-05-16 | by ( Daniel Rizea | ) www.businessinsider.com time to read: +9 min

His reply was surprising, if not simple: Think of the things you will do that will make you fail and just avoid doing them. Thinking back to Charlie's advice, I came up with five things you should avoid doing in order to have a successful and meaningful career. Avoid pushing for a promotion when you're not ready yetGetting a promotion when you're not quite ready may negatively impact yourself and your career trajectory. A good way to see if you're ready is to think about how you would feel if you were promoted tomorrow. AdvertisementThe main problem is that most of us avoid doing those 20 hours for years, pushing the things we want in life even further away.

Persons: —, Charlie Munger, Warren Buffett's, we've, Josh Kaufman, I've, they've, you'll, Daniel Rizea Organizations: Service, Business, Google

☆ Average consumer carries $6,218 in credit card debt, as more borrowers are falling behind on their payments
▼ + stars: | 2024-05-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Americans now owe $1.12 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. Keeping up with credit card debt is getting more difficult. "Rent, when you have it, auto loans, utilities, these are all things consumers prioritize ahead of credit cards." As a result, credit card delinquency rates are higher across the board, the New York Fed and TransUnion found. Over the last year, roughly 8.9% of credit card balances transitioned into delinquency, the New York Fed reported.

Persons: Charlie Wise, TransUnion's, Young, Wise, TransUnion, Kassandra Martinchek Organizations: Federal Reserve Bank of New, New York Fed, Finance, Fed, Urban Institute Locations: TransUnion, Federal Reserve Bank of New York, , New

☆ Civilian Prosecutors Rejected Evidence in 9/11 Case That Military Calls Crucial
▼ + stars: | 2024-05-16 | by ( Carol Rosenberg | Charlie Savage | ) www.nytimes.com time to read: +1 min

For years, a thorny question has dominated pretrial hearings in the military commissions case over the Sept. 11, 2001, attacks: Did the men accused of plotting them voluntarily confess in 2007 after the C.I.A. had stopped torturing them, and could those statements be used as evidence at their eventual death-penalty trial? analyst revealed that in 2009, when the Obama administration was planning to instead try the men in civilian court, federal prosecutors had decided against trying to offer the statements as evidence. The revelation sets in stark relief the contrary decision by military prosecutors to build their case around summoning the F.B.I. It also underlines how that decision has opened the door to years of litigation and contributed to a lengthy delay in getting the case to trial.

Persons: Obama, Mark S, Martins Organizations: Brig Locations: Guantánamo

☆ Market rally goes beyond tech, says Ariel Investments' Charlie Bobrinskoy
▼ + stars: | 2024-05-16 | 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 EmailMarket rally goes beyond tech, says Ariel Investments' Charlie BobrinskoyCharlie Bobrinskoy, Ariel Investments vice chair and head of the investment group, joins CNBC's 'The Exchange' to discuss the Dow rally, consumer signals, and more.

Persons: Ariel Investments, Charlie Bobrinskoy Charlie Bobrinskoy, Ariel Organizations: Email, Dow

☆ Trump’s playboy past is in the spotlight. His allies are readying a new fight against pornography
▼ + stars: | 2024-05-15 | by ( Steve Contorno | ) edition.cnn.com time to read: +12 min

A movement to rein in online pornography is rapidly intensifying, fueled by conservative outrage and growing unease over the accessibility of sexual content online, especially for children. Pornography is mentioned on the first page; banning pornography and locking up those who produce it are proposed on Page 5. He was an occasional guest at Hugh Hefner’s famed Playboy Mansion and made cameos in soft-core pornographic films produced by the company – though not in any scenes depicting sexual content or nudity. ‘Sex is the canary in the coal mine’The Supreme Court has deemed previous attempts to curb online pornography unconstitutional on First Amendment grounds. They were designed to protect adults from accessing adult content, which, of course, is their stated aim.

Persons: Donald Trump’s, Trump, “, ”, Terry Schilling, Hugh Hefner’s, Stormy Daniels, Karen McDougal –, McDougal, Daniels, Kevin Roberts, ” Roberts, ” Roberts hasn’t, Ben Carson, Charlie Kirk, Chris LaCivita, Susie Wiles, President Trump, LaCivita, Wiles, Mike Stabile, ” Pornhub, –, Robert Winterton, Pornhub, Solomon Friedman, It’s, ” Schilling, Paul Dans, Stabile, ” Stabile, Schilling, “ It’s, Stuart Brotman, Brotman –, Playboy’s Hefner –, Roberts, ” Brotman, Ben Bull, ” Bull Organizations: CNN, Trump, Heritage Foundation, Playboy, Heritage, Housing, Urban, Free Speech Coalition, US, Apple, Google, Facebook, ”, National Center, Media, Ethical Capital Partners, Republicans, US Department of Justice, University of Tennessee, GOP Locations: Manhattan, Washington, DC, Lake Tahoe, Texas, – Virginia, Montana , North Carolina , Arkansas , Utah , Mississippi, Louisiana, California, Knoxville

☆ 'The Lord of The Rings: The Rings of Power' season 2 arrives this summer. Here's everything we know so far.
▼ + stars: | 2024-05-14 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Warning: Spoilers ahead for "The Lord of the Rings: The Rings of Power" season one. The season two trailer shows Sauron (Charlie Vickers) causing chaos in Middle-earth. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSauron is making his return to Middle-earth in the second season of "The Lord of The Rings: The Rings of Power", where the Dark Lord will be front and center. This story is available exclusively to Business Insider subscribers.

Persons: Charlie Vickers, —, Galadriel Organizations: Amazon Prime, Service, Business

☆ ‘Frankly stupid’: Fund manager weighs in on reignited meme stock frenzy as GameStop soars
▼ + stars: | 2024-05-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +1 min

Fund manager Cole Smead has described the meme stock craze as "frankly stupid," as day traders once again pile into GameStop and AMC . The jump was seemingly prompted by a post on social media platform X by "Roaring Kitty," who in 2021 encouraged an army of day traders to pile into GameStop. In premarket trading on Tuesday, shares in GameStop and AMC were up 47% and 51% respectively at 6 a.m. E.T. Quoting "the late, great Charlie Munger," Smead said the day traders were "just taking in rat poison." Munger, who passed away last year, was the vice chairman of Berkshire Hathaway and famously described cryptocurrency as "rat poison."

Persons: Cole Smead, You've, Roaring, Kitty, Keith Gill, E.T, Charlie Munger, Smead, Munger, Berkshire Hathaway, Yun Li, Fred Imbert Organizations: GameStop, AMC, Smead Capital Management, Massachusetts Mutual Life Insurance, Berkshire

☆ I pay $1,450 a month to live on a houseboat in Toronto—'the best decision I ever made': Take a look inside
▼ + stars: | 2024-05-14 | by ( Kate Fincham | ) www.cnbc.com time to read: +6 min

Buying a houseboat: 'It felt like the perfect place for me'I visited one of the houseboats the following week. Moving aboard: 'The best decision I ever made'Going straight into a Canadian winter as a houseboat novice is generally considered a poor decision. Three years later, I regard buying my houseboat as the best decision I ever made. Courtesy of Kate FinchamMy bathroom has a typical residential toilet (which flushes into a holding tank below) and a bathtub. This area acts as my living room, dining room, and office, and features a wood stove and sliding glass doors that exit onto my back deck.

Persons: I've, I'd, Kate, Kate Fincham, Charlie, Finn, it's Organizations: Swans, Insurance Locations: Toronto

☆ What It’s Like Inside the Courtroom at Trump’s Manhattan Criminal Trial
▼ + stars: | 2024-05-14 | by ( Jonah E. Bromwich | Charlie Smart | ) www.nytimes.com time to read: +1 min

Members of the public and reporters get 14 rows, seven on each side, inside the wood-paneled courtroom, behind the prosecution and defense tables. Those seats provide a view of the judge — the bench sits directly under burnished letters spelling out “In God We Trust” — and the witness stand. The jurors sit on the right side and are usually focused on the witness stand or the lawyer speaking at the lectern. Four large closed-circuit television screens also make it possible to see the faces of those at the prosecution and defense tables, including Mr. Trump. The former president usually sits in the second chair, with the defense lawyer who is handling arguments or questioning a witness occupying the first.

Persons: Donald J, “, Trump Locations: Lower Manhattan

☆ Gen Z is getting hit hard by inflation
▼ + stars: | 2024-05-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

For Gen Z, it was the Covid-19 pandemic. Why are we seeing that Gen Z is tapping into their credit more than their Millennial counterparts 10 years ago? Most Gen Z consumers are not homeowners. And so I think that’s been a big cause of what’s been driving a lot of that financial strain that Gen Z consumers have seen. The key is to not use the personal loans to pay off credit card debt and then run your credit card bills right back up after you do that.

Persons: TransUnion, Zers, Millennials, Gen Zers, Bell, Charlie Wise, we’ve, haven’t, You’re, Rishi Sunak, Hanna Ziady, Anna Cooban, Philip Jefferson, Loretta Mester, Jack, Neel Kashkari Organizations: CNN Business, Bell, New York CNN, Gross, Office, National Statistics, Bank of England, P, Federal, Cleveland Fed, Depot, US Labor Department, Cisco Systems, US Commerce Department, National Association of Home Builders, Index, Minneapolis, Walmart, Applied, Co, Baidu, Board Locations: New York, Kingdom, Wells Fargo

☆ Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting
▼ + stars: | 2024-05-11 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

OMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the late Charlie Munger became a conversation piece for guests who lodged at the Omaha Marriott last weekend for the Berkshire Hathaway annual meeting. "I got back to the lobby and the hotel staff was like 'Doerthe came down twice to look for you,'" Yu Shu, the 39-year-old artist behind the sculpture, told CNBC in an interview. "Then they called Doerthe and she came down. I gave her a hug, and I told her 'nice to see you again' and she's like 'we've never met before.'"

Persons: Charlie Munger, Warren Buffett, — Munger's, Wendy, Doerthe Obert, Yu Shu, we've Organizations: Omaha Marriott, Berkshire Hathaway, CNBC Locations: OMAHA, Neb, Omaha, Berkshire

☆ House committee asks Microsoft's Brad Smith to attend hearing on security lapses
▼ + stars: | 2024-05-10 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Brad Smith, vice chair and president of Microsoft, speaks at Gateway Technical College in Sturtevant, Wisconsin, on May 8, 2024. A House committee wants Microsoft 's top lawyer, Brad Smith, to attend a hearing this month on exploits of the company's software that resulted in hackers obtaining U.S. government officials' emails. A proposed hearing before the House Committee on Homeland Security, at 10 a.m. But Smith might not necessarily show up at the time the committee asked about in a letter it sent him on Thursday. Committee chairman Mark Green, R-Tenn., and Bennie Thompson, D-Miss., said in their letter inviting Smith to the hearing that they were encouraged by the company's plans to overhaul its security practices.

Persons: Brad Smith, Gina Raimondo, Don Bacon, Nicholas Burns, Smith, We're, Satya Nadella, Charlie Bell, Mark Green, Bennie Thompson, Green, Thompson, Chris Krebs Organizations: Microsoft, Gateway Technical College, Homeland Security, Rep, CNBC Locations: Sturtevant , Wisconsin, Washington, U.S, China

☆ 4 flight attendants smuggled millions in drug money out of the US using the crewmember lane at JFK, prosecutors say
▼ + stars: | 2024-05-09 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Using this status, they could access a special security lane at John F. Kennedy International Airport without undergoing typical passenger screening procedures. Advertisement"Flight attendants are ideal for smuggling bulk cash" for this reason, a Homeland Security Investigations special agent wrote in the indictments. Related storiesThe pair believed the money was the proceeds of narcotics trafficking and needed to be transported, according to the indictment. AdvertisementHe said the investigation "exposed critical vulnerabilities in the airline security industry" and has "illuminated methods that narcotics traffickers are utilizing."

Persons: —, — Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, John F, Damian Williams, Hernandez, Pujols, Torres, Fabio, HSI, Ivan J, Arvelo Organizations: Service, Business, US, Office, of, Transportation Security Administration, Kennedy, Homeland Security Investigations, Pujols, Customs, Border, JFK, Delta Airlines, NBC News, Delta Locations: New York, Dominican Republic, Southern, of New York

☆ How Rupert Murdoch quietly helped Mike Johnson survive Marjorie Taylor Greene’s ouster attempt
▼ + stars: | 2024-05-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

But Murdoch was an anomaly, to a large degree, in the right-wing media universe. While Murdoch’s power has waned in recent years, his empire continues to serve as the source of gravity in the right-wing media universe. Without Murdoch Media joining the chorus and denouncing Johnson, Greene’s efforts failed to gain enough momentum to actually jeopardize Johnson’s leadership. Instead, Murdoch — invisibly — helped Johnson escape what could have been a dire situation. After all, elsewhere in right-wing media, Johnson was portrayed as a turncoat.

Persons: Rupert Murdoch, —, Mike Johnson, Marjorie Taylor Greene, Johnson, Greene, MOSCOW MARJORIE ”, Murdoch, Tucker Carlson, Steve Bannon, Charlie Kirk, Breitbart, Donald Trump, Ted Shaffrey, vlogs, Trump, Murdoch — invisibly — Organizations: New York CNN, Republican Party, Fox News, Street Journal, New York, MAGA Media, Republican, Democratic Party, GOP, CNN, MSNBC, Murdoch Media, Trump Locations: New York, Ukraine, Johnson

☆ Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.
▼ + stars: | 2024-05-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Read previewWarren Buffett let slip a slew of intriguing facts and anecdotes during Berkshire Hathaway's annual shareholder meeting on Saturday. But the Berkshire CEO also warned of higher taxes, teased a potential Canadian investment, and revealed a $500 million gift of Berkshire stock. Cash hoardBerkshire's mountain of cash and Treasury hit a record $189 billion last quarter, and it's likely to swell to more than $200 billion this quarter, Buffett said. Taxing timesThe government will probably raise taxes in the coming years in a bid to balance its budget, Buffett said. Pocket changeBuffett claimed that if he had only $1 million to invest instead of nearly $200 billion, he could earn a 50% annual return.

Persons: —, Warren Buffett, Buffett, he'd, Costco Buffett, Charlie Munger, Charlie, Talia Lakritz, he's, Todd Combs, Ted Weschler, Greg Abel, Greg, Munger, Abel, haven't, Ruth Gottesman, Sandy Gottesman, Brent N, Clarke, Garry Kasparov, Kasparov, B Organizations: Service, Paramount, Business, Treasury, Costco, Albert Einstein College of Medicine, Getty, Berkshire, Nebraska Furniture Locations: Berkshire, Russian, Omaha, Costco . Berkshire, Wisconsin, Canada, Nebraska

☆ Top minds at Milken unveil what they're seeing under the surface of the US economy as the national debt burden rises to nauseating levels
▼ + stars: | 2024-05-08 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

For the 27th straight year, some of the brightest minds from across the business world descended on Beverly Hills in early May to attend the Milken Institute Global Conference. But while speculation stole headlines, Milken speakers spent much of their time fixated on the state of the US economy. But despite continued concerns about stagflation, Milken speakers overwhelmingly expressed confidence about economic growth at a May 6 session called "Global Markets at Inflection." "The economy is still extremely strong, consumers are still doing really well, businesses are still doing really well," Scharf said. Though far from perfect, the US is still the best place to investDespite the $34.7 trillion anvil hanging over the economy, Milken speakers widely agreed that the US is still the best place to invest and operate a company.

Persons: Elon Musk, he's, Milken, Wells, Franklin Templeton, Gerard Baker, Andre Esteves, Jenny Johnson, Charlie Scharf, Scharf, we've, it's, you've, hasn't, Sam, Joshua Friedman, Anne Walsh, Friedman, Esteves, they've, Johnson, " Scharf, Wells Fargo Organizations: Milken Institute Global, SpaceX, Business, Milken, The, Consumers, Starbucks, Canyon Partners, Investors, Guggenheim Investments, Milken Institute Global Conference, US Locations: Beverly Hills, Wells Fargo, Brazil, McDonald's, Washington

☆ JPMorgan says the late Charlie Munger would love this wonderful bank trading at a fair price
▼ + stars: | 2024-05-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

JPMorgan said this regional bank is so appealing that it would have attracted attention from the late Charlie Munger. "When we think of the late, great Charlie Munger and his mantra to 'buy wonderful businesses at fair prices,' the bank that fits this bill in our view is Cullen Frost," the firm's bank analyst Steven Alexopoulos said in a note. However, JPMorgan said the bank's "strong organic growth story" remained fully intact. JPMorgan said investors are now able to buy the shares at 13.1 times forward earnings, compared to a 16X historical average. The bank maintained its overweight rating and has a 12-month price target of $140 per share, which would translate into 32% upside from Tuesday's close of $105.62.

Persons: Charlie Munger, Cullen Frost, Steven Alexopoulos, Munger, Buffett, Cullen, Frost, — CNBC's Michael Bloom Organizations: JPMorgan, Berkshire Hathaway's, CFR, Frost Bankers Locations: San Antonio , Texas

☆ Shopify says AI has helped keep its head count flat
▼ + stars: | 2024-05-08 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Shopify executives said during the company's first-quarter earnings call on Wednesday that its head count has stayed flat for the past three quarters and that using AI has been a major contributing factor. Shopify has been touting its "new shape" since it sold its logistics business and laid off 20% of its workforce in May 2023. This story is available exclusively to Business Insider subscribers. It's also found efficiencies by using AI throughout the company. Internal AI tools have also allowed Shopify to offer multilingual support 24/7, whereas it was previously offered only during set working hours.

Persons: Shopify, We've, Harley Finkelstein, It's, Jeff Hoffmeister, Hoffmeister, crafters, —, Charlie Miner Organizations: SEC, Business, Shopify's Locations: mstone@businessinsider.com

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