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After a degree in fine art, Lambert imagined he would become an art teacher, but a chance meeting with an art dealer who hired him as an assistant set him on a different path. Then, after a stint at another dealership, he opened his own gallery in September — Lambert Fine Art — in the British town of Stratford-upon-Avon. Dealing in art is a trade Lambert described as "unusual," because art is often a purchase driven by emotion rather than need. 'The business needs new blood'The world of art dealing can be intimidating to new entrants, according to Olya Johnson, an interior architect and co-founder of art and interiors business Relic, which she set up in 2023. Risks of dealing artThe occupation can also be risky, because dealers often own multiple pieces of art without knowing when they will be sold, according to the dealers CNBC spoke to.
Persons: , Mark Lambert, Andy Warhol, Pablo Picasso, Claude Monet, Lambert, , — Lambert, " Lambert, Olya Johnson, Johnson, Rasid, Relic, Colefax, Fowler, Natalie Vosloo, it's, Tom Rooth, Jack Roberts, I've, Roberts, David Hockney, Jeff Koons, Damien Hirst, Banksy, Shannon Finney Organizations: Art, CNBC, — Lambert Fine Art, Fair, Anadolu, Getty, Washington , DC Locations: Stratford, Avon, London, Battersea Park, Washington ,
Two weeks ago, Prime Minister Rishi Sunak of Britain was facing a chorus of calls to cut off arms shipments to Israel because of its devastating war in Gaza. On Monday, Mr. Sunak saluted the British warplanes that had shot down several Iranian drones as part of a successful campaign to thwart Iran’s attack on Israel. Faced with a barrage of Iranian missiles, Britain, the United States, France and others rushed to Israel’s aid. They set aside their anger over Gaza to defend it from a country they view as an archnemesis, even as they pleaded for restraint in Israel’s response to the Iranian assault. But it could prove to be a fleeting change, they said, if Mr. Netanyahu orders a counterstrike damaging enough to pitch the region into wider war.
Persons: Rishi Sunak, Sunak, Benjamin Netanyahu, Netanyahu, Mr, Biden, Iran’s Locations: Israel, Gaza, Iran, Britain, United States, France, Damascus
The firm initiated coverage on the stock with a buy rating and $60 price target, implying 37.2% upside from where shares closed on Monday. Analyst Mark Lipacis has a target price of $1,160 on shares, suggesting around 35% upside from where shares closed on Monday. However, it kept its $9 price target, which implies upside of just 7.7% over the next 12 months. The stock price now better considers some of our midterm concerns," worte analyst Joseph Spak. Analyst Frank Lee also raised his price target to $225 from $180, implying shares rallying nearly 38% from Monday's close.
Persons: Rivian, Goldman, DraftKings, Goldman Sachs, Ben Miller, Miller, — Hakyung Kim, Joe Ritchie, Ritchie, Nvidia isn't, it's, Mark Lipacis, Lipacis, Hakyung Kim, hasn't, Nicole DeBlase, DeBlase, Joseph Spak, we'd, Fred Imbert, Frank Lee, Lee, Nvidia's GB200 Organizations: CNBC, UBS, HSBC, AMD, US Online Gaming, GE, GE Vernova, General Electric, Nvidia, ISI, Honeywell, Deutsche Bank, Deutsche, Rivian Automotive Locations: NVDA, Monday's
When Britain’s foreign secretary, David Cameron, went to Washington on Tuesday, he made all the usual stops, from the State Department to Capitol Hill. But it was his pilgrimage to Palm Beach, Fla., where he met former President Donald J. Trump for dinner on Monday evening at Mar-a-Lago, that grabbed most of the attention. Mr. Cameron is the first top British government official to meet with Mr. Trump since he left the White House. His visit — ostensibly to cajole Mr. Trump into backing additional American military aid to Ukraine — attests to Mr. Trump’s influence over a far-right faction of House Republicans who have been holding up a vote. Mr. Cameron, a onetime prime minister, has emerged as almost a shadow British leader abroad, standing in for Prime Minister Rishi Sunak, who is busy with a looming general election at home.
Persons: David Cameron, Donald J, Trump, Cameron, , Ukraine —, Rishi Sunak Organizations: State Department, Capitol, British, Mr, White, House Republicans Locations: Washington, Palm Beach, Fla, Ukraine
New York CNN —If you won big on bets you made for the March Madness men’s and women’s NCAA tournaments, enjoy the money. So if you made bets last year, here’s what you need to do on your 2023 tax return, which is due for most people on April 15. Your winnings also may be subject to state tax, unless you live in the dozen or so states that exempt gambling winnings. It will then be up to you on your tax return to square whether you owe more or less on your winnings. So say you won $1,000 in 2023 at the tables in Vegas, but you lost $1,500 betting on last year’s March Madness tournament.
Persons: , Mark Luscombe, Luscombe, ” Luscombe, Daniel Rahill Organizations: New, New York CNN, NCAA, American Gaming Association, IRS, Wolters Kluwer, Accounting, Wintrust Wealth Management, Illinois CPA Society Locations: New York, Vegas
Washington, DC/London CNN —The US government plans to give $6.6 billion to the world’s biggest manufacturer of semiconductor chips to help it build three factories in Arizona as part of President Joe Biden’s efforts to secure the supply of advanced chips. “America invented these chips, but over time, we went from producing nearly 40% of the world’s capacity to close to 10%, and none of the most advanced chips,” Biden said in a statement. The company’s total $65 billion investment represents the largest foreign direct investment in Arizona’s history, the White House said. Securing supply chainsThe US government has emphasized the need to bring more chip production onshore to limit potential supply disruptions. Taiwan is also in a vulnerable position: Supply chain experts and US officials worry that US-China trade tensions and potential military aggression against the island by Beijing could disrupt its vital chip-making industry.
Persons: Joe Biden’s, ” Biden, Mark Liu, Gina Raimondo, Biden, , Juliana Liu Organizations: London CNN, White, Taiwan Semiconductor Manufacturing Company, US Locations: Washington, DC, Arizona, , America, Taiwan, China, Beijing, United States of America, Hong Kong
Three booming businesses that make Denver stand out
  + stars: | 2024-04-08 | by ( Chris Dilella | ) www.cnbc.com   time to read: +4 min
Two cities in Colorado are experiencing tech-fueled economic booms, with Denver's skyline transforming and Boulder's gross domestic product surging. However, the influx of people and businesses has brought challenges like a growing homeless population, affordability issues and infrastructure strain. A recent report shows a 24% drop in Denver's cannabis revenue compared with 2021. Major league moneymakersCameron Fleming #73 of the Denver Broncos runs onto the field before a game against the Kansas City Chiefs at Empower Field at Mile High on January 8, 2022 in Denver, Colorado. A stage for economic successA concert at Red Rocks Park and Amphitheatre outside Denver.
Persons: Amy Sparwasser, Matthew Staver, Jared Polis, Polis, Mike Johnston, moneymakers Cameron Fleming, Dustin Bradford, Deion Sanders, Prime's, John P Kelly Organizations: Denver &, Bloomberg, Getty, CNBC, Denver Department of Excise, Licenses, trailblazer, Industry, State Planning, Denver, Denver Broncos, Kansas City Chiefs, Broncos, Nuggets, Rockies, Avalanche, Analysts, University of Colorado Boulder's, NFL, University of Colorado, Boulder, Rocks Locations: Denver, CNBC's, Colorado, Success, Denver & Boulder, Denver , Colorado, Chicago , New York, Los Angeles, University of Colorado Boulder
About 5 p.m. on Monday, Israeli warplanes streaked across the Syrian border, striking an embassy building in Damascus and killing a cadre of senior Iranian military commanders with the kind of pinpoint accuracy that has earned Israel’s military fear and respect across the Middle East. Several hours later, the same Israeli military rained missiles on an aid convoy on a coastal road in the Gaza Strip, a botched operation that left seven foreign aid workers dead and Israel’s reputation in tatters. Its leaders were forced to admit to a string of lethal mistakes and misjudgments. How one of the world’s best-equipped, best-trained militaries could pull off a dangerous strike on foreign soil and then stumble with such tragic consequences in Gaza raises a raft of hard questions — not least how the Israeli military enforces the rules of engagement in its war against Hamas.
Locations: Damascus, Gaza
For some, plans for where to fly, drive and stay to hopefully catch a glimpse of the last total solar eclipse in the contiguous United States until 2044 have been in place for months or even years. The total solar eclipse’s path of totality — where the moon completely blocks the face of the sun — stretches across portions of 13 US states as well as parts of Canada and Mexico. A view from a plane during an eclipse flight from the Russian city of Murmansk to observe a solar eclipse on March 20, 2015, above the Norwegian Sea. Airbnb reports a 1000% surge in searches for stays along the entire path of totality over the solar eclipse weekend for check-ins on April 7, 2024. Austin and the surrounding Hill Country area and Indianapolis are among the most booked destinations across all of North America on Airbnb for the solar eclipse weekend, Thorn said.
Persons: Mark Littmann, ” “, ” Littmann, , ” Judette Louis of, TikTok ”, Louis, , there’s, Littmann, “ You’ve, Steven Robicsek, Steven Robicsek Steven Robicsek, Robicsek, “ It’s, haven’t, Robyn Beck, Katy Nastro, ” Nastro, Sergei Karpukhin, Ben Kaufman, JSX, ” Kaufman, St . Louis, Jeff Roberson, Haven, Thorn, Madison Graça, Graça, ” Graça Organizations: CNN, North, Eclipse, Getty, Houston, Austin, Little, Evansville, Chicago, Indianapolis, Dallas Love Field Airport, Flight Museum, AP, Airbnb, Diego, Madison Locations: United States, Canada, Mexico, ” Judette Louis of Tampa , Florida, Cleveland , Ohio, Tampa, Cleveland, Sandy Run , South Carolina, Gainesville , Florida, Waco , Texas, Florida, La Pine , Oregon, AFP, Dallas, Memphis, Nashville, Russian, Murmansk, Norwegian, Kerrville , Texas, San Antonio, Austin, St ., Richardson , Texas, Springs , Arkansas, Bloomington , Indiana, Indianapolis, North America, Texas, San Diego, Hico , Texas, Oregon
In November, Mr. Gallego, who has no major primary challengers, is likely to face Kari Lake, a former television anchor and close ally of former President Donald J. Trump. Ms. Lake faces a primary challenger, Sheriff Mark Lamb of Pinal County, but leads him by a wide margin in polls. So far, Mr. Gallego has raised more money than Ms. Lake, who has not yet released her most recent quarterly fund-raising numbers. Ms. Lake is a more recent entrant to the race than Mr. Gallego, who announced his run in January 2023. In the last quarter of 2023, his campaign raised $3.3 million, while hers netted $2.1 million.
Persons: Ruben Gallego, Gallego, Kari Lake, Donald J, Kyrsten Sinema, Sheriff Mark Lamb Organizations: Democratic, Mr, Marine, Trump, Sheriff Locations: Arizona, Pinal County
They don't replace the tech giants — they just get bought by the tech giants. A new paper by two leading scholars suggests that these days, Big Tech doesn't have to resort to buyouts to crush aspiring startups. At this point, Big Tech looks at promising startups the way evil alien empires in science fiction look at helpless planets. The data that Big Tech shares — or doesn't share — can play an instrumental role in shaping a startup's work. Finally, the big companies use their clout on Capitol Hill in an effort to impose stricter regulations on the startups they're ostensibly trying to help.
Persons: that's, That's, Joe Biden, Mark Lemley, Matt Wansley, they're, Wansley, Who, Lemley, Sam Altman, Satya Nadella, Barbara Ortutay, Florian Ederer, Elon Musk, OpenAI, Marc Andreessen, watchdogs, Ederer, Anthropic, Adam Rogers Organizations: Apple, Meta, Microsoft, Federal Trade Commission, Justice Department, Big Tech, Stanford University, Cardozo School of Law, Google, Facebook, Star, Yale, London Business School, Tech, Boston University, titans, IBM, Dells, Business Locations: Silicon Valley,
King Charles III walked into the Easter church service on Sunday at Windsor Castle with Queen Camilla, pausing to wave to well-wishers in his first significant public appearance since disclosing last month that he has cancer. Charles, 75, has continued to work while undergoing treatment, greeting visitors and holding his weekly meetings with the British prime minister, Rishi Sunak. Catherine, Princess of Wales, announced just over a week ago that she, too, had been diagnosed with cancer. As planned, neither Catherine nor her husband, Prince William, appeared with the family at the service. She has not made an official public appearance since Christmas Day, before she entered a hospital for abdominal surgery in January.
Persons: King Charles III, Queen Camilla, Charles, Rishi Sunak, George’s, Catherine , Princess of Wales, Catherine, Prince William Organizations: Windsor Castle Locations: St, Windsor
A Taylor Swift fan is suing Delta Air Lines after she was sexually assaulted on a flight. AdvertisementA woman is suing Delta Air Lines after she was sexually assaulted on a flight last year. AdvertisementIndeed, The US Attorney's Office for the Western District of Washington highlighted two other incidents in March in its jurisdiction. Roberson faces up to a year in prison when sentenced on June 5, 2024, said the US Attorney's Office on March 8. Sexual assaults on aircraft are also increasing nationally, with the FBI last year noting a "disturbing increase" in incidents.
Persons: Taylor, , Taylor Swift, Mark Lindquist, Duane Brick, Brick, " Lindquist, Brian Patrick Durning, Tessa Gorman, Jack Roberson, Seattle . Roberson Organizations: Delta Air Lines, Service, Mark Lindquist Law, Delta, Newsweek, US, Office, Western, of Washington, Airlines, Getty, of, Washington, FBI Locations: Delta, Phoenix, Seattle, King County , Washington, FilippoBacci, Western, of Washington, Emirates, Atlanta
Clambering across the sloped roof of King’s College Chapel with the agility of an undergraduate, Toby Lucas, 56, pointed to where his craftsmen had welded solar panels to an expanse of newly installed lead. It was the scariest part of the project, he said, because an errant spark could have ignited the 500-year-old timbers underneath, which hold up the roof of this English Gothic masterpiece. “It’s an iconic landmark in Cambridge, and it’s part and parcel of where I live,” said Mr. Lucas, whose firm, Barnes Construction, did the restoration. “You don’t want to be the person who is responsible for burning part of it down.”The chapel came through the project unscorched and now stands at the heart of Cambridge University, no longer just a glorious relic of the late-medieval period but also a cutting-edge symbol of the green-energy future. Its 438 photovoltaic panels, along with solar panels on the roofs of two nearby buildings, will supply a shade over five percent of the college’s electricity.
Persons: Toby Lucas, , Lucas Organizations: Barnes, Cambridge University Locations: Cambridge
Radia, a Colorado-based startup, wants to build the world's largest cargo plane. Billed the WindRunner, the plane's sole purpose is to carry oversized wind turbine blades. Its sole purpose: to deliver giant wind turbine blades. A rendering visualizes one of the obstacles of transporting a large wind turbine blade by ground. WindRunner joins the lucrative oversized cargo marketRadia joins the niche network of aerospace companies manufacturing giant planes to carry over-sized cargo, like heavy machinery, military tanks, helicopters, and satellites.
Persons: , Mark Lundstrom —, Radia Radia, Antonov, GLEB GARANICH, Radia, Mark Lundstrom, WindRunner, Ruslan, Jens Schlueter, Robert Sorbo Organizations: Service, MIT, Office of Energy, Renewable Energy, Boeing, Business, Russian, Getty, Aircraft, Airbus, Airbus Beluga Transport Locations: Colorado, Russia, Soviet, Radia, Ukrainian
Yet the idea of building rosters of paid political contributors took off with cable news. MSNBC, CNN and Fox News Channel are, in large part, political talk channels and seek experts to help fill the time. Being on call to opine can be lucrative work; several reports had NBC agreeing to pay McDaniel $300,000 a year. Even NBC News, whose MSNBC cable outlet appeals to liberals, has more than a dozen Republican contributors. John Kasich and Bulwark founder Charlie Sykes — either predate Trump in their active political work or oppose him, or both.
Persons: , Ronna McDaniel, Donald Trump, McDaniel, Chuck Todd, Rachel Maddow, Cesar Conde, , Mark Whitaker, Shana Alexander, James Kilpatrick's, George Stephanopoulos, Tim Russert, Michael Steele, John Kasich, Charlie Sykes —, MAGA, Reince Priebus, Mick Mulvaney, Mulvaney, Priebus, Tom Bossert, Alyssa Farah Griffin, Trump, David Urban, Mark Esper, Griffin, Mike Pompeo, Alex Conant, Mark Lukasiewicz, ” Lukasiewicz, , Jay Rosen, NBC's Conde, McDaniel didn't, Joe ”, Mika Brzezinski, That's, ” Conant, Brian Roberts, Conde, Rebecca Blumenstein, Rashida Jones, Carrie Budoff Brown, Jones, Margaret Sullivan, ___ David Bauder Organizations: NBC News, Republican National Committee, GOP, Republican, NBC Universal, MSNBC, CNN, Fox News, NBC, RNC, Ohio Gov, Trump, CBS, ABC News, Trump Homeland Security, Networks, Hofstra, “ Journalists, New York University, ” Networks, Republicans, Comcast, Washington Post, Center for Journalism, Columbia University, Guardian, Associated Press Locations: Washington, MSDNC
On a side street in Covent Garden stands an imposing palazzo-style building, strangely out of place amid the burger joints and neon marquees of London’s theater district. It houses the Garrick Club, one of Britain’s oldest men’s clubs, and on any given weekday, a lunch table in its baronial dining room is one of the hottest tickets in town. A visitor lucky enough to cadge an invitation from a member might end up in the company of a Supreme Court justice, the master of an Oxford college or the editor of a London newspaper. Women are excluded from membership in the Garrick and permitted only as guests, a long-simmering source of tension that has recently erupted into a full-blown furor. Mr. Moore’s membership seemed at odds with his efforts to bring more racial and gender diversity to the British spy agency, known as MI6.
Persons: Garrick, Richard Moore, Simon Case, Case, derisory Organizations: Garrick Club, Oxford, Guardian, Secret Intelligence Service Locations: Covent, London, British,
The whirl of conspiracy theories that enveloped Catherine, Princess of Wales, before she disclosed her cancer diagnosis last week probably didn’t need help from a foreign state. But researchers in Britain said Wednesday that a notorious Russian disinformation operation helped stir the pot. As in those cases, Professor Innes said, the influence campaign appeared calculated to inflame divisions, deepen a sense of chaos in society, and erode trust in institutions — in this case, the British royal family and the news media. “The story was already being framed in conspiracy terms, so you can appeal to those people. And people who support the royal family get angry.”
Persons: Catherine, Princess of Wales, Martin Innes, Volodymyr Zelensky, Innes, Organizations: Cardiff University, Ukraine Locations: Britain, Wales,
The United States and Britain imposed sanctions on China’s elite hacking units on Monday, accusing Beijing’s top spy agency of a yearslong effort to place malware in America’s electrical grids, defense systems and other critical infrastructure, and of stealing the voting rolls for 40 million British citizens. Taken together, the actions on both sides of the Atlantic underscored the escalation of cyberconflict between the Western allies and Beijing, in vastly different spheres. American intelligence agencies have warned that the malware found in U.S. infrastructure appeared to be intended for use if the United States were coming to the aid of Taiwan. The theory is that Americans would be too tied up worrying about their own supplies of electricity, food and water to help a distant island that Beijing claims as its own. Separately, the Justice Department indicted individual Chinese hackers for what Attorney General Merrick B. Garland called a 14-year effort “to target and intimidate” Beijing’s critics around the world.
Persons: Beijing’s, Merrick B, Garland, Organizations: Justice Department Locations: States, Britain, Beijing, U.S, United States, Taiwan
The British government is expected to publicly link China to cyberattacks that compromised the voting records of tens of millions of people, another notable hardening of Britain’s stance toward China since its leaders heralded a “golden era” in British-Chinese relations nearly a decade ago. The deputy prime minister, Oliver Dowden, will make a statement about the matter in Parliament on Monday afternoon, and is expected to announce sanctions against state-affiliated individuals and entities implicated in the attacks. The government disclosed the attack on the Electoral Commission last year but did not identify those behind it. It is believed to have begun in 2021 and lasted several months, with the personal details of 40 million voters being hacked. The Electoral Commission, which oversees elections in the United Kingdom, said that the names and addresses of anyone registered to vote in Britain and Northern Ireland between 2014 and 2022 had been accessed, as well as those of overseas voters.
Persons: Oliver Dowden Organizations: Electoral Commission Locations: China, United Kingdom, Britain, Northern Ireland
For more than two months, Catherine, Princess of Wales, had lost control of her story to a spiral of wild, baseless online rumors. On Friday evening, with a stark two-minute, 13-second video, she set out to reclaim it. Catherine, 42, made the decision to record the video herself, three people familiar with the planning process said on Saturday. “This was pitch perfect from her perspective,” said Peter Hunt, a former royal correspondent at the BBC. “The fact that it was a video was a rebuke to all those questions about her whereabouts.”
Persons: Catherine , Princess of Wales, Prince William, Catherine, , Peter Hunt Organizations: BBC Locations: Britain
AG Letitia James plans to go after Trump's cash and property if he doesn't pay his civil fraud debt. Is the ball in Letitia James' court? "The burden is on Letitia James to find Trump's assets" and decide what she wants garnished or auctioned, he said. D'Orazio predicts James would first target the cash that Trump and the Trump Organization keep in New York-registered bank accounts. He would then remit $95 million to the Attorney General's Office, and that would go toward paying Trump's judgment.
Persons: Letitia James, , padlocks, Donald Trump's, Trump, James, Bernard D'Orazio, D'Orazio, — James, Mark, we're, doesn't, It's, she'll, Arthur Engoron, Jeff Greenberg, — Trump Organizations: Service, Trump, Trump Plaza, New, Social, Trump —, GOP, AP, Trump Organization, Radio City Music Hall, Forbes, New York, Fire Locations: New York, New York City, Manhattan, New, Westchester County, Trump, Americas
For the royal family, the news of a cancer diagnosis for Catherine, Princess of Wales, was another heavy blow, sidelining one of its most visible figures at a time when its ranks were already depleted. In addition to King Charles III, who has canceled public appearances to undergo his own cancer treatment, the family has been adjusting to the loss of Queen Elizabeth II, who died in 2022; the departure of Prince Harry and his wife, Meghan; and the exile of Prince Andrew, disgraced by his association with the convicted sex offender Jeffrey Epstein. Harry and Meghan issued a statement saying they wished “health and healing for Kate and the family, and hope they are able to do so privately and in peace.”Since Harry and Meghan, who are known as the Duke and Duchess of Sussex, withdrew from royal duties in 2020 and left Britain for Southern California, Harry has been estranged from his father, Charles, and his brother, Prince William. He visited his father briefly after Buckingham Palace announced the king’s cancer diagnosis in February.
Persons: Catherine , Princess of Wales, King Charles III, Queen Elizabeth II, Prince Harry, Meghan, Prince Andrew, Jeffrey Epstein, Harry, Kate, Duke, Duchess of, Charles, Prince William, Buckingham Locations: Duchess of Sussex, Britain, Southern California
But I’ve had a fantastic medical team who have taken great care of me, for which I’m so grateful. In January, I underwent major abdominal surgery in London, and at the time, it was thought that my condition was noncancerous. My medical team therefore advised that I should undergo a course of preventative chemotherapy, and I’m now in the early stages of that treatment. It has taken me time to recover from major surgery in order to start my treatment. At this time, I’m also thinking of all those whose lives have been affected by cancer.
Persons: I’ve, I’m, William, George, Charlotte, Louis Locations: London
Larger wind turbines produce more power than standard ones, but the components are too big to be transported by road. Meet the WindRunner airplane, whose mission will be to deliver gigantic 300-foot-long blades directly to wind farms. So WindRunner will have a cargo bay volume of 272,000 cubic feet, enough to hold three Olympic swimming pools. That’s 12 times the volume of a Boeing 747-400 and – at 356 feet in length, it’s 127 feet longer too. Currently, turbine blades today are ordinarily 230 feet or less (70 meters), but Radia wants to deploy blades of up to 104 meters (341 feet).
Persons: CNN —, Radia, Mark Lundstrum, Energy Ernest Moniz, Malcolm Turnbull, It’s Organizations: CNN, Boeing, FAA, Federal Aviation Administration, Bloomberg, XXL, MIT, Radia, Royce, Energy, Beluga XL, Airbus Locations: Colorado, Ukraine
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