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☆ A Time Capsule of Human Creativity, Stored in the Sky
▼ + stars: | 2023-07-27 | by ( J. D. Biersdorfer | More About J. D. Biersdorfer | ) www.nytimes.com time to read: +1 min

Later this year, the Lunar Codex — a vast multimedia archive telling a story of the world’s people through creative arts — will start heading for permanent installation on the moon aboard a series of unmanned rockets. The Lunar Codex is a digitized (or miniaturized) collection of contemporary art, poetry, magazines, music, film, podcasts and books by 30,000 artists, writers, musicians and filmmakers in 157 countries. It’s the brainchild of Samuel Peralta, a semiretired physicist and author in Canada with a love of the arts and sciences. Some works were commissioned for the project, including “The Polaris Trilogy: Poems for the Moon,” a collection of poetry from every continent, including Antarctica. He has also accepted works submitted by individual artists.

Persons: “, ”, Wes Anderson’s, Samuel Peralta, Ayana Ross, Pauline Aubey, Alex Colville, Peralta Locations: Asteroid, Canada, Ukraine, Antarctica, Toronto

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ Here are Tuesday's biggest analyst calls: Apple, Alphabet, Pinterest, Netflix, Amazon, Nvidia & more
▼ + stars: | 2023-07-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Jefferies reiterates Apple as buy Jefferies said it's expecting a "quiet quarter" when the company reports earnings Aug. 3. Wells Fargo reiterates Netflix as overweight Wells said it's bullish heading into the company's earnings report Wednesday. Jefferies reiterates Alphabet as buy Jefferies said it's bullish heading into Alphabet earnings next week. Bank of America downgrades Lumentum to neutral from buy Bank of America called the stock an "overstated" AI beneficiary. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant is its top pick heading into earnings. "

Persons: Jefferies, it's, Wells, Truist, Piper Sandler, Dave, Buster's, Piper, Bernstein, Goldman Sachs, Goldman, Max, Roth, Uber, Roth MKM, it's bullish, Morgan Stanley, Evercore, Marvell, Williams Deutsche, Sherwin Williams, JPMorgan Organizations: Apple, Netflix, Argus, Warner Brothers Discovery, Citi, Polaris Citi, 2Q, Bank of America, Nvidia, American Express, Digital, Marvell Technology Inc, Global, Inc, Deutsche Bank, Sherwin, JPMorgan Locations: capex

☆ Central bankers lay out digital currency cyber threat
▼ + stars: | 2023-07-07 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

LONDON, July 7 (Reuters) - The central bankers' central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks on the new wave of digital national currencies under development. The BIS acts as an umbrella body for the U.S. Federal Reserve, European Central Bank, Bank of England and other central banks around the world and has been co-ordinating a lot of work on CBDC development. Hackers have struck a number of central banks in recent years from Denmark to Bangladesh. Specifically, it calls on central banks to:• Recognise the complexity and new threat landscape brought by CBDC systems. It also called for central banks to use the global "MITRE ATT&CK" database of past cyber attacks, and for an "official extension" of the MITRE ATT&CK framework to help central banks beef up their security measures.

Persons: MITRE, Marc Jones, Susan Fenton Organizations: Bank for International Settlements, BIS, U.S . Federal Reserve, European Central Bank, Bank of England, Polaris, Thomson Locations: Denmark, Bangladesh

☆ Fact Check-Hole drilled through Georgia Guidestones does not prove flat Earth theory
▼ + stars: | 2023-06-29 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Seeing the North Star year-round through a hole drilled at eye level in the now-destroyed Georgia Guidestones monument in the United States is not proof that the Earth is flat, even though a video online has made that claim. In July 2022, the Georgia Guidestones, a granite monument erected in 1980 in rural Georgia that some called “America’s Stonehenge,” was torn down by authorities after being heavily vandalized (here). The position of Polaris does not prove that the Earth is stationary or flat. NASA says Polaris sits “more or less directly above Earth’s north pole along our planet’s rotational axis” (here). Being able to see Polaris through a hole drilled at eye level in the now-destroyed Georgia Guidestones monument is not proof that the Earth is flat.

Persons: ”, Read Organizations: North Star, Polaris, Social, Granite Association, NASA, Planetary Institute, West Texas, M University, Georgia, Reuters Locations: Georgia, United States, “

☆ Polaris guitarist Ryan Siew dead at 26
▼ + stars: | 2023-06-28 | by ( Jack Guy | ) edition.cnn.com time to read: +1 min

CNN —Australian metalcore band Polaris have confirmed the death of guitarist Ryan Siew at the age of 26. He loved great food in great company. “He loved music, more diversely than you could ever imagine, and spoke its language in ways that only the rarest among us do. Polaris went on to ask that people respect Siew’s family’s desire for privacy, and also to give the band and their team space to grieve. Polaris are preparing for the release of their latest album, “Fatalism,” on September 1.

Persons: Ryan Siew, Siew, “, ”, Harry Potter, Ryan, Siew’s Organizations: CNN, Polaris Locations: Australian, ”

☆ These stocks with 'multiyear growth' prospects are about to catch fire, Wall Street analysts say
▼ + stars: | 2023-06-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

CNBC Pro combed through top research to find stocks best positioned for multiyear growth. "A multi-year growth story & we're just getting started," the analyst said. "If that's the case, we see the firm's current valuation as at least sustainable, if not with bias to the upside as conviction builds in the multiyear growth story," he wrote. Entegris — BMO Capital Markets, outperform rating "A Multi-Year Growth Story & We're Just Getting Started. If that's the case, we see the firm's current valuation as at least sustainable, if not with bias to the upside as conviction builds in the multiyear growth story."

Persons: Bhavesh Lodaya, Lodaya, David Hynes Jr, Hynes, Matthew Smith, Smith, Westrock, Macy's —, — Morgan Stanley, Bloom, Conway, Sprout Organizations: CNBC, Bloom Energy, Entegris BMO Capital Markets, Sprout, Westrock, Macy's — JPMorgan, BMO Capital Markets Locations: Rock , Arkansas

☆ In 1990, Tom Stuker bought a lifetime pass from United Airlines for $290,000. He has since flown 23 million miles and calls the purchase the 'best investment' of his life.
▼ + stars: | 2023-06-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

In 1990, Tom Stuker bought a United Airlines lifetime pass. Stuker told The Washington Post that the pass was the "best investment of my life." Stuker — a car dealership consultant from New Jersey — has flown 23 million miles, which, according to The Washington Post, is more miles than any individual in history. Stuker, now 69 years old, told the newspaper that his frequent travels were driven by the accumulation of airline miles. Stuker told The Post that he has been to 100 countries and had over 120 honeymoons with his wife.

Persons: Tom Stuker, Stuker, —, New Jersey — Organizations: United Airlines, Washington Post, Service, The Washington, Post, Polaris Locations: New Jersey, Newark, San Francisco, Bangkok, Dubai

☆ JPMorgan Chase's drawn-out breakup with Jeffrey Epstein
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

Several months later, in October 2006, JPMorgan categorized Epstein as a "high-risk" client, according to a transcript of Dimon's deposition in May. Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. A 'faithless servant'One person who might know much more about the tangled relationship between Epstein and JPMorgan is Jes Staley. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

Persons: —, Morgan Stanley, Lehman Brothers —, Jamie Dimon, Jeffrey Epstein, Leon Black, Bill Clinton, Donald Trump, Epstein, Jes Staley, Staley, Jeffrey Epstein's, Michelle Licata, Courtney Wild, Stephanie Keith, Jane Doe, JP Morgan —, Epstein —, jes staley, Patricia Wexler, Wexler, Dimon, Barry Krischer, JPMorgan, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Frank Haberstroh, Haberstroh, Les Wexner, Wexner, Tom Williams, JP Morgan, Little, Little Saint James, Epstein's, Jim Spellman, Staley didn't, Morgan, James, Emily Michot, Bill Gates, Larry Summers, Woody Allen, Stephen Cutler, Cutler, Mary Erdoes, Erdoes, Youngbee Dale, Dale, JPMorgan Chase, Michael M, NYDFS, Bernie Madoff, Cecile de Jongh, Joe Shmoe, Jacob Shamsian Organizations: JPMorgan, Highbridge Capital Management, Citigroup, Lehman Brothers, titans, Apollo, US, US Virgin Islands, Bloomberg TV, Financial, US Department of, Treasury, Getty, BSA, Polaris Market Research, United Nations University Centre, M2C Model, Palm, JPMorgan Chase, Washington D.C, Inc, Apollo Global Management, The New York Times, Little Saint, Virgin, U.S ., Miami Herald, Tribune, Service, Microsoft, Columbia University, Mountain Capital, DOJ, New, Deutsche Bank, New York Department of Financial Services, Virgin Islands, Barclays, Authority, Wall Street Journal Locations: York, Manhattan, New York, US Virgin, dimon, Palm Beach , Florida, New York City, UN, Paris, Washington, Prague, thomas, Wexner, Little Saint, I'm, Little St, U.S, U.S . Virgin Islands, Staley, Dimon's, Virgin, British

☆ 'Lots of smoke. Lots of questions': Internal emails show JPMorgan Chase execs worried about the bank's ties to Jeffrey Epstein. So why did it take so long to cut him loose?
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

That, of course, is the billion-dollar question: What did JPMorgan, America's largest bank, know about Epstein's alleged sex trafficking? Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. Lots of questions," declared a senior JPMorgan compliance officer reviewing Epstein's accounts as part of that 2011 compliance review, according to court papers filed by the US Virgin Islands. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

☆ Inside Solo Per Due in Italy, 'world's smallest restaurant'
▼ + stars: | 2023-06-12 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +7 min

Solo Per Due – “Just for Two” in Italian – is no ordinary restaurant, and not just because of its tiny size. Its owners claim it is the smallest fine-dining establishment not only in Italy but in the world, too. Guests are required to arrive at a specific time agreed by the owners, who prepare and serve the elaborate food. “This is not a restaurant – we offer a unique, intimate experience which is at the core of our decades-long reputation. Upon request, a private driver can be arranged to pick up guests, and fireworks can be staged in the garden.

Persons: we’ll, Stanley Tucci, –, Silvia Marchetti, Antonello Nusca, you’ve, That’s, it’s, ”, Mr, Remo, he’s, Horace, “, He’s Organizations: CNN, intel Locations: Italy, Vacone, Rome

☆ A Sam Altman-backed startup is betting it can crack the code on fusion energy. Here's how it's trying to bring that to the masses by 2028.
▼ + stars: | 2023-06-03 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +5 min

The race is on for clean energy company Helion Energy to build a fusion power plant capable of producing enough electricity for tech behemoth Microsoft in five years. Electromagnetic coils that will be used in Helion's seventh fusion energy prototype, Polaris. "But we've never been able to harness it on Earth in a way that we can produce electricity from it." A graphic explaining how Helion's fusion energy technology works. That means if something happens to the machine producing fusion energy, it will shut down immediately.

Persons: Sam Altman, Altman, Scott Krisiloff, Helion, Krisiloff, Helion Krisiloff, we've, Helion's, Energy Krisiloff, It's Organizations: Helion Energy, Microsoft, Energy, behemoth Microsoft, Polaris, International Atomic Energy Agency, Fusion Locations: Helion

☆ Microsoft to buy power from nuclear fusion company Helion
▼ + stars: | 2023-05-10 | by ( Timothy Gardner | ) www.reuters.com time to read: +3 min

WASHINGTON, May 10 (Reuters) - Private U.S. nuclear fusion company Helion Energy will provide Microsoft (MSFT.O) with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing to generate power from fusion, which could one day help the world slash emissions linked to climate change. Helion's plant is expected to be online by 2028 and will target power generation of 50 megawatts or greater after a one-year ramp up period, it said. Polaris, Helion's seventh generation machine, should come online next year and demonstrate electricity generation, using a mix of laser and magnet technologies to achieve fusion, Kirtley said. In 2021, Helion was the first private company to achieve 100 million degrees Celsius and the optimum temperature is about twice that, Kirtley said.

☆ Microsoft agrees to buy electricity generated from Sam Altman-backed fusion company Helion in 2028
▼ + stars: | 2023-05-10 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

Photo courtesy HelionMicrosoft said Wednesday it has signed a power purchase agreement with nuclear fusion startup Helion Energy to buy electricity from it in 2028. "This is the first time that I know of that a company has a power purchase agreement signed," Holland told CNBC. The potential of fusion is "unbelievably huge," Altman told CNBC. As of Tuesday, this is still his largest investment ever, Altman told CNBC. Carbon-free energy includes hydro, nuclear and renewables for Microsoft, a Microsoft spokesperson told CNBC.

☆ Lightning Round: Stem hasn't been able to execute its game plan
▼ + stars: | 2023-05-09 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Stem hasn't been able to execute its game plan'Mad Money' host Jim Cramer weighs in on stocks including: Nextera Energy Partners, CSX Corp., Stem Inc., Polaris Inc., Fortinet Inc., Perion Network, and SoFi.

(Reuters) - A Kirkland & Ellis partner whose clients have included General Motors Co, BP Plc and auto manufacturer Polaris Inc said he has joined the Chicago office of Quinn Emanuel Urquhart & Sullivan. R. Allan Pixton told a federal judge in Detroit on Friday that he has joined Quinn Emanuel's Chicago office. Pixton and a Kirkland spokesperson did not immediately respond to a request for comment. According to his defunct Kirkland profile, Pixton's litigation experience covered class actions and mass torts. In 2020, he left Kirkland to lead the new Chicago office of Hilliard Martinez Gonzalez, a Corpus Christi, Texas-based law firm.

☆ United Airlines' plan to revamp narrow-body cabins faces supply chain delays
▼ + stars: | 2023-04-28 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines ' plan to revamp the cabins on its older narrow-body planes is running behind schedule because of supply chain strains, the carrier told CNBC this week. The upgrades include bigger premium cabins, seat-back entertainment screens throughout the planes, Bluetooth capabilities and other amenities. The carrier expects about one in three aircraft in its narrow-body fleet, including new aircraft, will have the upgraded interior by the end of the year. The airline had targeted 2025 to complete the narrow-body upgrades, but it's unclear if United will make that goal. Delta executives have said that revenue growth for premium seats like business class or premium economy has outpaced sales from standard coach.

☆ JPMorgan says this retailer is a buy as it nears an 'inflection point'
▼ + stars: | 2023-04-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Matthew Boss upgraded the retail stock to overweight from neutral and increased his price target by $1 to $29. His price target implies the stock will rally 65.8% over the next year from where shares ended Friday's session. He said the retailer should be able to see multiyear EBITDA margins in the low double digits due to five "self-help" growth vectors. Boss said the stock has an attractive risk-to-reward ratio and is at an attractive entry point following recent underperformance. Macy's trades at around two times its 2024 EBITDA, he said, which places it around 50% below the average of stocks in the department stores/mall-based specialty category.

☆ Macy's CEO Gennette to retire next year, insider Spring to succeed
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

March 29 (Reuters) - Macy's Inc (M.N) on Wednesday said its Chief Executive Officer Jeff Gennette will retire in February, after serving the U.S. department store chain for 40 years and will be succeeded by insider Tony Spring. Spring, who is the chairman and CEO of Macy's unit Bloomingdale's, has been with the company for 36 years. He was named as a successor to Gennette after an internal and external search, Macy's said. Macy's said as part of the leadership transition, Chief Financial Officer Adrian Mitchell's responsibilities have been expanded to include the role of chief operating officer. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Macy's CEO Jeff Gennette to retire after 40 years at the department store
▼ + stars: | 2023-03-29 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +3 min

Macy's CEO Jeff Gennette will retire and step down from his role in February 2024. Gennette has been at the department store chain for 40 years. Jeff Gennette joined Macy's in 1983 as an executive trainee and worked his way up the ranks, becoming CEO in 2017. Macy's said Wednesday that Tony Spring, CEO of Macy's sister company Bloomingdale's, will take over Gennette's role. CFO Adrian Mitchell will add the role of COO to his responsibilities – overseeing stores, tech, and supply chain needs, Macy's said.

☆ Macy's CEO Jeff Gennette, who's led the company's turnaround effort, will retire next year
▼ + stars: | 2023-03-29 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

Macy's CEO Jeff Gennette will retire early next year after a four-decade career at the company, the department store chain announced Wednesday morning. He will be succeeded by Tony Spring, CEO of the company's higher-end department store banner, Bloomingdale's. In addition to the CEO change, Macy's Chief Financial Officer Adrian Mitchell will take on an expanded role and also serve as the company's chief operating officer. In a news release, Macy's said Spring, 58, was tapped as its next leader after an internal and external search. Gennette called Spring and Mitchell "an ideal team to build on our momentum and propel Macy's, Inc. into the future."

☆ Macy's CEO to step down. Here's what the future of the brand looks like and the strategy to engage younger consumers
▼ + stars: | 2023-03-29 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Macy's CEO Jeff Gennette will retire in February, the company announced on Wednesday. Tony Spring will take his place and continue shifting Macy's strategy based on consumer changes. Here's how Macy's "Polaris Strategy" is preparing the brand for the future. A shift in supply chain proceduresJeff Gennette spoke about the future of Macy's. Astrid Stawiarz/Getty ImagesThe supply chain has been a pain point for many businesses over the last three years.

☆ Polaris CEO on new online marketplace for powersports vehicles
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPolaris CEO on new online marketplace for powersports vehiclesPolaris CEO Mike Speetzen joins 'Closing Bell:Overtime' to discuss their new online marketplace for powersports vehicles.

☆ Premarket stocks: Americans are going all-in on cash. That could spell more trouble
▼ + stars: | 2023-03-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The goal of a money market fund is to provide investors with a relatively stable investment option that offers higher returns than traditional savings. What’s happening: Since the Fed began to raise interest rates a year ago, the amount of money in money market funds has increased by roughly $400 billion. Goldman Sachs economists wrote in a note on Thursday that Americans could sell as much as $1.1 trillion in stocks this year and put that money into credit and money market assets instead. Money market funds are deeply interconnected with the wider financial system, and often face the same risks as banks. The Federal Deposit Insurance Corporation, a US government agency that insures deposits in banks and savings associations, does not insure cash invested in money market funds.

☆ Short-seller Hindenburg targets Jack Dorsey’s Block
▼ + stars: | 2023-03-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of Block, the company behind Cash App, plunged by 20% Thursday morning after the release of a searing report from short-seller Hindenburg Research that accused Jack Dorsey’s company of allowing fraudulent accounts that obscure criminals involved in illegal or illicit activities, including the sex trafficking of minors. Hindenburg’s attack on Block comes two months after the short seller’s allegations against Adani Group erased billions of dollars from the Indian conglomerate’s balance sheets. In 2021, members of the “Cash App” gang were charged with distributing fentanyl, the report said. Hindenburg, meanwhile, has made a name for itself by publishing explosive reports about businesses and short-selling the stocks of the companies associated with them. Hindenburg has targeted nearly 30 companies since 2020, and on average their targets lost about 15% on the day the reports were released, according to Bloomberg calculations.

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