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☆ This Gen Z founder made an OnlyFans rival that has no nudity and sold it for $65 million
▼ + stars: | 2023-05-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +9 min

He said it sold for $65 million after sites including TikTok "failed" to help creators make money. The 22-year-old certainly doesn't need to live with his folks: He became a millionaire last year after his company, Fanfix, sold for $65 million, according to Crunchbase. It's a model broadly similar to OnlyFans, but with a major difference: it doesn't allow nudity. When SuperOrdinary bought Fanfix, Insider's Geoff Weiss reported that there were plans for product collaborations with the platform's creators. And they took advantage of the creators, and so a massive gap opened up for platforms like Patreon, platforms like us."

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

Donham, 88, died Tuesday in Westlake, according to a fact of death letter from the Calcasieu Parish Coroner. In August 1955, 14-year-old Till was beaten and shot to death after he allegedly whistled at Bryant – now Donham – in Money, Mississippi. Emmett Louis Till, 14, with his mother, Mamie Bradley, at home in Chicago. They were both acquitted of murder following a trial in which Carolyn Bryant testified that Emmett grabbed and verbally threatened her. In 2007, a Mississippi grand jury declined to indict Donham on any charges.

☆ Carolyn Bryant Donham Dies at 88; Her Words Doomed Emmett Till
▼ + stars: | 2023-04-27 | by ( Margalit Fox | ) www.nytimes.com time to read: +1 min

One, Emmett Till, a Black teenager visiting from Chicago, died four days later, at 14, in one of the most epochal murders in American history. Now Ms. Bryant has died, at 88. Megan LeBoeuf, the chief investigator for the Calcasieu Parish coroner’s office in Louisiana, sent a statement confirming the death of Ms. Bryant, more recently known as Carolyn Bryant Donham, on Tuesday in Westlake, a small city in southern Louisiana. Ms. LeBoeuf did not provide further information. With Ms. Donham’s death, the truth of what happened that August day may never be clear.

☆ White woman who accused lynched teen Emmett Till dies
▼ + stars: | 2023-04-27 | by ( Brad Brooks | ) www.reuters.com time to read: +3 min

April 27 (Reuters) - A white woman whose discredited accusations against Black teenager Emmett Till led to his lynching in 1955 has died in Louisiana, according to a coroner's report. Carolyn Bryant Donham, 88, died on Tuesday in Westlake, Louisiana, according to the Calcasieu Parish coroner's office. Till, visiting from Chicago, was beaten, shot and mutilated in Money, Mississippi, on Aug. 28, 1955, four days after Donham, then 21, accused him of whistling at her. The all-white jury acquitted both men after Donham testified that Till had grabbed her waist and made sexual remarks while at the general store she ran. Bryant died in 1994 and Milam died in 1981.

☆ A composer of classical music blasted in the LA metro to force unhoused people out of a station demanded the system stop using his work, saying 'no form of art should be used to discourage or limit fr
▼ + stars: | 2023-04-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

The LA Metro blasted classical music in one of its stations to deter people from hanging out there. But the composer said he wasn't informed his music was being used and demanded Metro stop using it. But that came to an end when one composer was informed his work was being used as a deterrent. But it faced pushback when news outlets reported that it was blasting music, including Barcelona-based composer Adrián Berenguer's four-minute piece "Immaterial", which it played on loop. The Westlake/MacArthur Park station played different classical music by long-dead composers, including Beethoven and Bach, at lower volumes on Thursday, L.A. Taco reported.

☆ Investor Jenny Harrington says this financial stock is a 'safer trade' than Big Tech
▼ + stars: | 2023-03-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investor Jenny Harington said she sees a clearer earnings story in Charles Schwab than big technology names that others have rushed back to this year. Meta shares have gained more than 70% so far this year but, after slumping 64% in 2022, is still more than $100 below where they ended 2021. Meanwhile, Palo Alto shares now trade above where they ended 2021 after climbing almost 38% this year to make up for 2022's 25% decline. "It's really, really, really hard to see where growth is coming," Harrington said. "For me, when you're saying, 'What's the safety trade?,' and I'm saying I don't like the mega-caps because I don't even know what their earnings really should be."

☆ Ron Baron bought Charles Schwab shares during Monday's double-digit sell-off
▼ + stars: | 2023-03-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Longtime investor Ron Baron said he bought the dip in Charles Schwab during Monday's double-digit sell-off, CNBC's Becky Quick reported. The 79-year-old investor said he "modestly increased" his position in the financial name, seeing Monday's pullback as a buying opportunity. Schwab shares fell 11.6% on Monday as investors dumped the financial institution amid fears of a banking crisis in the aftermath of the collapses of tech-focused Silicon Valley Bank and crypto-related Signature Bank. The Westlake, Texas-based financial company defended its financial position, saying it has plenty of access to liquidity and a low loan-to-deposit ratio. Schwab was taking hits along with other financial firms with massive bond holdings of longer maturities.

☆ Charles Schwab CEO says firm is seeing significant inflows and that he bought the stock Tuesday
▼ + stars: | 2023-03-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Charles Schwab CEO Walt Bettinger said Tuesday that his firm is still experiencing sizable inflows, contrary to fears that the banking crisis brought on by the Silicon Valley Bank's collapse is spreading in the sector. "What we're seeing is asset inflows to the firm in significant numbers," Bettinger said to CNBC's Sara Eisen on "The Exchange." He said Schwab clients brought in almost $42 billion in net new assets in February. The Westlake, Texas-based financial company saw its stock fall nearly 12% on Monday, and it rebounded about 11% Tuesday. Schwab took hits along with other financial firms with massive bond holdings.

☆ Charles Schwab shares drop 8%, but rally off lows as firm defends financial position
▼ + stars: | 2023-03-13 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Westlake, Texas-based financial company last fell about 8% after dropping as much as 23.3% earlier. Charles Schwab shares cut steep losses on Monday as the financial institution defended its portfolio, easing fears of a banking crisis in the aftermath of tech-focused Silicon Valley Bank 's and crypto-related Signature Bank 's collapses. Schwab was taking hits along with other financial firms with massive bond holdings of longer maturities. The fear is that these firms, like Silicon Valley Bank, would need to sell these holdings early at large losses in order to cover deposit withdrawals. But Schwab in its update sought to reiterate that it has plenty of access to liquidity and a low loan-to-deposit ratio.

☆ Generative AI Helping Boost Productivity of Some Software Developers
▼ + stars: | 2023-02-21 | by ( Belle Lin | ) www.wsj.com time to read: +6 min

The technology, known as generative AI, has been pioneered by OpenAI, the lab behind the ChatGPT writing system and the Dall-E visual illustration generator. Copilot, as well as other tools from Amazon.com Inc., International Business Machines Corp. , and startups like Tabnine Inc. and Magic AI Inc., have quickly found a receptive audience among developers seeking a productivity boost. The AI model behind Copilot is trained on data from GitHub, which houses a popular open-source community where developers contribute and share code. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. And, with a tightening economy in mind, Hyland Software is holding back on spending for any new tools or technologies.

☆ Cramer on the astonishing rise of offensive stocks — and what could come next
▼ + stars: | 2023-01-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

When I went over about 1,000 stocks this weekend, I was astonished to see that the stocks with the strongest charts were those in the most offensive categories. Not even a weaker U.S. dollar has meant anything to brace these stocks from a further fall. There's one group, though, that's just plain hard to call, and that's tech. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Guitar Center Details Cloud Move
▼ + stars: | 2023-01-20 | by ( Belle Lin | ) www.wsj.com time to read: +4 min

Guitar Center Chief Technology Officer Ravi Balwada Photo: Guitar Center Inc. Such downtimes can result in losses of more than $5 million for retailers like Guitar Center, Mr. Balwada said. Guitar Center had filed for bankruptcy in November 2020, citing Covid-19-related store closures and looming debt maturity, and emerged from bankruptcy in December of that year. Guitar Center has also reduced its cost per transaction by about 1.5% and increased its online shopping conversion rates by an estimated 1.6%, Mr. Balwada said. PREVIEWMr. Balwada said he aims to more fully integrate Guitar Center’s offerings so that customers are interacting with a single, common platform that is built on Oracle’s cloud.

☆ What Cramer is watching Tuesday — chip troubles, Apple estimate raises, Disney price target cut
▼ + stars: | 2022-10-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

KeyBanc keeps overweight (buy) rating and $185-per-share price target. Barclays raises Apple hardware revenue estimate, driven by a "slight iPhone upside and much better MacBooks," offsetting weakness in services; lowers price target to $155 per share from $169 but keeps equal weight (hold) rating. Wedbush starts beer, wine and spirits company Constellation Brands (STZ) with an outperform (buy) rating and a $275-per-share price target. Chemical company Westlake (WLK) price-target cut to $105 per share from $112 at Barclays, which keeps neutral (hold) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Among state flagship universities, UGA has one of the country’s largest disparities between its proportion of Black students and that of Black high school graduates from the state — second only to the University of Mississippi. “Black students admitted to UGA — they have a lot of options,” said Alton Standifer, deputy chief of staff to the university president, referring to the competition among colleges to enroll Georgia’s Black students. Still, many Black students in Georgia choose to attend more diverse institutions or opt for a historically Black college or university. A reliance on SAT scores can disadvantage Black students, whose average SAT score in 2019 was 933, more than 180 points below that of white students. Selective public universities like UGA that used the Common App have seen an increase in applicants, including traditionally underrepresented students, such as Black students.

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