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☆ In a fickle sporting world F1 understands it's "Entertain to Survive"
▼ + stars: | 2023-05-07 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

But the reality for every promoter is that in the world of fickle fans you now need to "Entertain to Survive". Last year the Miami Grand Prix was the hottest ticket in South Beach and, while resale demand has softened, this year's race is again a sellout with 90,000 attending Sunday's race. While the grand prix is the anchor for a weekend of fun, the races themselves are no longer enough to make the event a financial and commercial success. Hard Rock alone hosts three of Florida's biggest sports - the Miami Grand Prix and the Miami Open tennis as well as being home to the NFL's Dolphins. Miami debuted a new driver introduction to the grid that F1 says will be used at eight races this season.

☆ India's Rahul to have surgery, ruled out of IPL and WTC final
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

May 5 (Reuters) - Lucknow Super Giants skipper KL Rahul has been ruled out of the rest of the Indian Premier League (IPL) season and India's World Test Championship (WTC) final against Australia after he said on Friday he would undergo surgery on his thigh. He could not open Lucknow's innings in the run-chase but came out to bat at number 11. "After careful consideration and consultation with the medical team, it's been concluded that I'll be undergoing a surgery on my thigh shortly," Rahul wrote on Instagram. Lucknow are second in the IPL standings with 11 points, one behind leaders Gujarat Titans who have a game in hand. The surgery will also rule Rahul out of the WTC final against Australia at the Oval from June 7-11.

☆ Paramount Shares Drop 28% as Streaming Costs Mount
▼ + stars: | 2023-05-04 | by ( Will Feuer | Jessica Toonkel | ) www.wsj.com time to read: 1 min

Paramount and other streaming companies have been working to rein in costs. Photo: Gabby Jones/Bloomberg NewsParamount Global shares fell nearly 30% Thursday after the media company reported a steep first quarter loss and said it would cut its dividend, the latest sign of the challenges Hollywood’s titans face as they pivot to streaming. Paramount’s results were dragged down by major charges related to its cancellation of certain programming, a soft ad market that weighed on its TV business, and rising costs for its flagship streaming service. Paramount said it has restarted its sales process to unload its book publishing unit, Simon & Schuster, and has received interest.

☆ Paramount Shares Drop Nearly 30% as Streaming Costs Mount
▼ + stars: | 2023-05-04 | by ( Will Feuer | Jessica Toonkel | ) www.wsj.com time to read: 1 min

☆ Carl Icahn, Activist Investor, Becomes Target of Short Seller
▼ + stars: | 2023-05-03 | by ( Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

Over nearly a half-century, Carl Icahn has shaken up Wall Street as a corporate raider and activist shareholder, making corporate titans bow down to his demands and change their business strategies. But on Tuesday, his publicly traded company, Icahn Enterprises, became a target of Hindenburg Research, the short seller firm that has made its name in recent years by taking on the Indian tycoon Gautam Adani and the Twitter co-founder Jack Dorsey. Hindenburg accused Icahn Enterprises of being overvalued. The company trades well above its net asset value, unlike similar financial vehicles run by William A. Ackman and Daniel S. Loeb. “Icahn has been using money taken in from new investors to pay out dividends to old investors,” Hindenburg wrote in a public report.

☆ Delhi's Ishant rolls back the years in Gujarat upset
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

In reply, Gujarat captain Hardik Pandya made an unbeaten 59 off 53 balls but Delhi's lion-hearted bowlers restricted the champions to 125-6 to secure a shock five-run victory. "Okay, Ishant just bowled the best knuckle ball wicket I've ever seen," tweeted former South Africa fast bowler Dale Steyn. But Ishant bowled a nerveless final over, dismissing Tewatia and conceding only six runs to secure Delhi's third win in nine matches. His clever use of wide yorkers made it difficult to hit boundaries in the final over. "I was practising bowling wide yorkers in the nets with the new ball.

☆ Outside Hollywood Studios, Writers Make Their Case
▼ + stars: | 2023-05-03 | by ( Brooks Barnes | Nicole Sperling | ) www.nytimes.com time to read: +2 min

This corporate greed has got to go!”Similar scenes of solidarity unfolded across the entertainment capital. The streaming giant, for instance, has become known for “mini-rooms,” which is slang for hiring small groups of writers to map out a season before any official greenlight has been given. Because it isn’t a formal writers room, the pay is less. Writers in mini-rooms will sometimes work for as little as 10 weeks, and then have to scramble to find another job. (If the show is greenlit and goes into production, fewer writers are kept on board.)

☆ Kohli, Gambhir docked full match fees over IPL altercation
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, May 2 (Reuters) - Former India team mates Virat Kohli and Gautam Gambhir were docked their full match fees following their altercation in Monday's Indian Premier League (IPL) match in Lucknow, organisers said. When the players were shaking hands Kohli appeared to have a blunt exchange with Lucknow bowler Naveen-ul-Haq and was then confronted by Gambhir. Kohli, 34, initially looked like he was trying to reason with Gambhir but the conversation became heated and the pair, who previously clashed in a 2013 IPL match, had to be separated by team mates. Gambhir, 41, was fined 100% of his match fee for breaching the tournament's code of conduct, organisers said in a statement, with Kohli handed a similar fine. Lucknow skipper KL Rahul hurt his hip while fielding and could not open the innings.

☆ LeBron James vs. Steph Curry: Old rivalries reignite as LA Lakers face Golden State Warriors
▼ + stars: | 2023-05-02 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

LeBron James and the Los Angeles Lakers took down the Memphis Grizzlies 4-2 in the opening round of the playoffs. In another battle of the old vs. the young, the Golden State Warriors beat the Sacramento Kings in an exhilarating seven-game series. José Luis Villegas/APBattles of old2015 FinalsThe first NBA Finals matchup between LeBron and Steph was in 2015. Greg Nelson/Sports Illustrated/Getty Images2017 FinalsThe Golden State Warriors responded to their 2016 Finals loss by recruiting Kevin Durant in the off-season. Following a disappointing end to his second stint with the Cavaliers, LeBron moved across to the West and signed with the Los Angeles Lakers.

☆ Stocks making the biggest premarket moves: Uber, Pfizer, Chegg, Dell & more
▼ + stars: | 2023-05-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Chegg — Chegg shares tumbled 42% in premarket trading after CEO Dan Rosensweig said he expects artificial intelligence is "having an impact on our new customer growth rate." However, its adjusted earnings per share and revenue for the first quarter beat estimates, per Refinitiv. NXP Semiconductors — Shares of the chip maker jumped about 5% after the company beat analysts' expectations for first-quarter revenue and operating income. However, its first-quarter revenue beat analysts' expectations, according to Refinitiv. The company is also planning an up to $2 billion share buyback after its annual general meeting.

☆ Stocks making the biggest moves midday: Uber, Chegg, Dell, PacWest, SoFi & more
▼ + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Uber — Shares of the ride-hailing giant jumped more than 8% after the company reported first-quarter revenue that beat analysts' expectations. Still, the company did beat expectations for the quarter and provide strong guidance. NXP Semiconductors — Shares of the chipmaker added more than 2% after the company beat analysts' expectations for first-quarter revenue and operating income. Revenue guidance for the second quarter was better than anticipated as well. The global bank also announced an upcoming $2 billion share buyback program and restored its quarterly dividend.

☆ 5 executives at an elite investing conference shared their views on the Fed's master plan for interest rates — and the consensus was that markets are unprepared for the pain in store
▼ + stars: | 2023-05-02 | by ( William Edwards | Akin Oyedele | ) www.businessinsider.com time to read: +4 min

But executives at this week's Milken Institute Global Conference warn that may not be the case, and that markets are ill-prepared for rates to stay higher for longer. Here's the Fed's March meeting dot-plot, which shows where members of the Federal Open Market Committee see rates at the end of 2023. While markets are pricing in a pause in June at 5-5.25%, here's where they believe rates will most likely be in December: 4.25-4.5%. Below, we've compiled what five of them said on Monday about their expectations for Fed policy and financial markets. And as our chief economist likes to say, at higher rates, bodies will continue to float to the top over the course of the summer."

☆ Amazon, Target, and Walmart will be the biggest winners from Bed Bath & Beyond's demise
▼ + stars: | 2023-05-02 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Bed Bath & Beyond has filed for bankruptcy and is conducting an "orderly wind down" of its stores. 1 in several of the categories that Bed Bath & Beyond is best known for: kitchen and bathroom supplies, decor, storage, and bedding. Consumers will have fewer options with the demise of Bed Bath & Beyond, said Peter Greene, Numerator's Insights Practice Director for General Merchandise, in a statement. "Bed Bath & Beyond was slow to embrace and adopt the e-commerce boom, which was pioneered, advanced, and utilized to great success by direct competitors like Target, Walmart, and Amazon," Bed Bath & Beyond CFO Holly Etlin wrote in bankruptcy filings. Bed Bath & Beyond's sales plummeted from $11.1 billion in 2019 to an estimated $5.4 billion in 2022.

☆ Pro sports unions unite to discuss importance of mental health
▼ + stars: | 2023-05-01 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The NFL Players Association, National Basketball Players Association, National Hockey League Players' Association, MLB Players Association, MLS Players Association and Women's National Basketball Players Association will work together to raise awareness about the cause and invest resources to improve mental health for the pro athlete community. This is the first time the sports organizations have come together to promote mental health. The high stakes, busy lifestyles and pressures of professional sports have caused many athletes to reveal their own mental health struggles in recent years. As athletes from all levels have expressed their struggles, many of the leagues realized that mental health needs to be as much of a priority as physical health is. The sports leagues will also highlight inspirational stories from athletes and the various mental health efforts they are leading.

☆ DeSantis gave a 'low-wattage' and 'horrendous' speech in London as presidential polling slides: 'Nobody in the room was left thinking, 'this man's going places.''
▼ + stars: | 2023-05-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Governor Ron DeSantis finished off a four-stop international tour in London on Friday. One business person, who remained unnamed, told Politico that DeSantis's message wasn't "presidential" and said he stared at his feet in the face of UK industry titans. "There wasn't any stardust," the second anonymous attendee told Politico. Sources told the outlet in March that Trump's election team will be focusing on using DeSantis' "personality factor" in a political brawl between the two. When asked about his drop in the polls by The Wall Street Journal, DeSantis blamed it on the fact that he isn't a presidential candidate yet.

☆ Jim Cramer breaks down earnings results from Big Tech titans with new stock group: M.A.M.A.
▼ + stars: | 2023-05-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer breaks down earnings results from Big Tech titans with new stock group: M.A.M.A. 'Mad Money' host introduces 'M.A.M.A.' to group together earnings from Big Tech titans Microsoft, Alphabet, Meta, and Amazon.

☆ Mark Hogan, Whose Blunt Talk Rattled General Motors, Dies at 71
▼ + stars: | 2023-04-30 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Mark Hogan became one of GM’s leading experts on the lean manufacturing practices pioneered by Toyota. Photo: Daniel Lipptt/Bloomberg NewsWhen Mark Hogan was growing up in the 1960s, the heads of the big U.S. auto makers were revered titans of American business. Encouraged by his father, he set an audacious career goal: chairman of General Motors . In the 1980s, Mr. Hogan became one of GM’s leading experts on the lean manufacturing practices pioneered by Toyota and coveted by rivals. His blunt talk alarmed the United Auto Workers and stirred worries among other GM executives of renewed war between the company and the union.

☆ How to know if your leadership style is more like Elon Musk or Steve Jobs — and what each of their strengths and weaknesses are
▼ + stars: | 2023-04-30 | by ( Christopher Myers | ) www.businessinsider.com time to read: +11 min

Isaiah Berlin, a prominent 20th-century philosopher and historian, popularized the foxes and hedgehogs metaphor in his 1953 essay "The Hedgehog and the Fox." By understanding this metaphor, modern business leaders can harness the strengths of both foxes and hedgehogs to navigate an increasingly complex and rapidly changing world. Leadership lessons from history: Xerxes and ThemistoclesExamining historical figures through the lens of the foxes and hedgehogs metaphor can provide valuable insights into the strengths and weaknesses of different leadership styles. Modern business titans: Steve Jobs and Elon MuskIn the world of technology and entrepreneurship, Steve Jobs and Elon Musk represent the quintessential hedgehog and fox, respectively. Isaiah Berlin's foxes and hedgehogs metaphor provides modern business leaders with a valuable framework for understanding and implementing effective leadership styles.

☆ What John Blake discovered when he met the White mother he never knew
▼ + stars: | 2023-04-30 | by ( John Blake | ) edition.cnn.com time to read: +25 min

It’s a story about my mother, and the White relatives who shunned me at birth—and still somehow became family. I now know one of the reasons my family didn’t tell me about my mom’s illness is because they didn’t know how. I vividly recall thinking as I looked at my mom: I didn’t know a White person could suffer like this. I saw White, Black, and brown people hug and call each other “brother” and “sister” after worship service. John Blake is a Senior Writer at CNN and the author of “More Than I Imagined: What a Black Man Discovered About the White Mother He Never Knew.”

☆ Will Levis, widely expected to be picked in first round of 2023 NFL Draft, suffers awkward moments as he isn’t chosen
▼ + stars: | 2023-04-28 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

Those cutaways during the NFL Draft to hopefuls waiting for their names to be picked as other players are chosen ahead of them. Will Levis, the quarterback from Kentucky, was widely projected to be drafted in the first round, if not the top 10 selections. Levis waits in the Green Room with family at the 2023 NFL Draft. Levis waited, waited, waited and waited. But when the final pick was turned in and it Levis’ name wasn’t on that ticket, the waiting game was over.

☆ 'Citadel': Priyanka Chopra Jonas on what her latest show gets right about diversity
▼ + stars: | 2023-04-28 | by ( Sandy Thin | ) edition.cnn.com time to read: +3 min

CNN —Within the first scene of new Prime Video series “Citadel,” Priyanka Chopra Jonas and Richard Madden have a conversation that flits from English to Mandarin to German to Spanish and finally, back to English. But it is also a statement of intent from the series, indicating the radical ambition of the project the creative team is embarking upon. Chopra Jonas – the star of over 50 Bollywood films – told CNN, “What we’re trying to do has never been attempted – in TV, features, long-form, short-form, anything. Prime VideoGiven the international scope of the world Prime Video hopes to create, it’s no surprise they have turned to two titans of the Marvel Cinematic Universe to steer the ship. There are very few things that bind us together in this increasingly divisive world, and stories are one of them.”“Citadel” is available of Prime Video from April 28.

☆ Chile's lithium push emerges as test for Latin American resource nationalism
▼ + stars: | 2023-04-27 | by ( David Alire Garcia | ) www.reuters.com time to read: +6 min

[1/2] Laborers work at a lithium plant on the Atacama salt flat in the Atacama desert of northern Chile January 8, 2013. While the former student protest leader's proposal to give the government a majority stake in all future lithium projects faces an uncertain path in Congress, its mere introduction shook one of the mining industry's most lucrative corners. Lithium is in high demand for rechargeable batteries for future fleets of electric vehicles in the global transition to green energy. That leaves the exception to the trend, Argentina, as an increasingly likely Latin American destination for new private capital for lithium. A strong pipeline of lithium projects in Argentina, the world's No.

NFL Draft coverage will be provided by ESPN, ABC, and NFL Network on TV, and you can also live stream coverage on the free ad-supported NFL Channel. How to watch the NFL Draft in the USYou can watch the NFL Draft on multiple TV channels, including ABC, ESPN, and NFL Network. In addition, the NFL is also providing free streaming coverage of the NFL Draft through the NFL Channel on the NFL app. A VPN will let you watch the NFL Channel's free live stream of the NFL Draft no matter where you are, while also giving you a more secure internet connection. ET NFL Channel, ABC, ESPN, NFL Network2023 NFL Draft first-round orderWhile there are 32 NFL teams, only 31 picks will be made in the first round.

☆ Thinking of buying tech stocks? Here's how to manage risk, according to a fund manager
▼ + stars: | 2023-04-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Tech stocks were in bear territory for much of last year, but have been a bright spot so far in 2023 despite the uncertainty. Ben Rogoff, a portfolio manager at Polar Capital with 25 years of investing experience, has a strategy for mitigating risk when investing in growth stocks such as tech. A call option is a contract to buy a stock at a certain price at a set time in the future. The option value increases if the stock price rises above that set price. Other markets for tech Rogoff said although the U.S. is the dominant market for technology, he's also looking elsewhere.

☆ Anthony Richardson’s N.F.L. Draft Status Is Up in the Air
▼ + stars: | 2023-04-25 | by ( Emmanuel Morgan | ) www.nytimes.com time to read: +1 min

GAINESVILLE, Fla. — Anthony Richardson chuckled as the football puttered to the ground. He had launched a high-arcing pass near the end of the University of Florida’s pro day, a March workout in front of scouts from all 32 N.F.L. The heave may have missed its target, but it displayed Richardson’s powerful arm during the job audition. The display encapsulated the scouting report on Richardson, who is projected as a top-10 selection in the N.F.L. draft: jaw-dropping talent, erratically deployed.

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