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☆ Ncuti Gatwa says he feels 'sad' for those tuning out of the new season of 'Doctor Who' because of its push for diversity
▼ + stars: | 2024-05-12 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewNcuti Gatwa has addressed the backlash from "Doctor Who" fans criticizing the sci-fi series for leaning into diverse casting and storylines. It's just really sad for them," he added. The Doctor (Ncuti Gatwa) and Ruby Sunday (Millie Gibson). "But it warms my heart to know that little Black kids out there will be like, 'Oh, I can be The Doctor,'" Gatwa added. The new "Doctor Who" season is being treated as a rebranding of sorts for the franchise — it's being referred to as both season 1 and season 14.

Persons: —, Who, Gatwa, It's, David Tennant, Jodie Whittaker's, Ruby, Millie Gibson, Russell T, Davies, You've Organizations: Service, Business, NPR, inclusivity, BBC Studios, Disney, Daily Locations: British

☆ Floods in Brazil spark conspiracy theories over the cause, including toxic jet vapor trails and antennas in Alaska
▼ + stars: | 2024-05-12 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Floods in Brazil's Rio Grande do Sul have sparked a number of online conspiracy theories. Jefferson Bernardes/Getty Images"What's happening in Rio Grande do Sul is definitely not natural," one user wrote on X. Advertisementvapor trails — "chemtrails" — spread by the government and then activated by HAARP antennas in Alaska to alter the weather, AFP reported. In the 1990s, a conspiracy theory evolved that they contained dangerous chemicals purposely put in the trails. Advertisement"The warmer atmosphere can store much more water vapor, fueling more frequent and intense episodes of rainfall that lead to disasters like this," he said, while also dismissing the HAARP theory.

Persons: —, Eduardo Leite, El Niño, Porto Alegre . Jefferson Bernardes, Hugo Chavez, Russell Brand, nesta, Gc4PiOiPv1 — Frederico Athia, Carlos Nobre Organizations: Service, National Institute of Meteorology, Research, AFP, BBC, Brazil's National Institute of Science, Technology, United Arab Emirates, University of Cambridge Locations: Brazil's Rio Grande do Sul, Rio Grande do Sul, Brazil, Porto Alegre ., American, Haiti, Alaska, Dubai

☆ Activist Elliott settles for a new director at Sensata. These next steps may help boost shares
▼ + stars: | 2024-05-11 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. Activist Commentary: Elliott is a very successful and astute activist investor. Elliott often watches companies for many years before investing and has an extensive stable of impressive board candidates. At the same time, Sensata also noted that Elliott settled for a board seat for Phillip Eyler (president and CEO of Gentherm), effective on July 1. As Sensata sensors are used in both combustion and electric vehicles, the current trend to hybrid gives the company a sort of 2-for-1 demand for its products.

Persons: Elliott, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler, Russell, Sullivan, Eyler, Ken Squire Organizations: Sensata Technologies, Xirgo Technologies, SmartWitness Holdings, 13D Locations: COOs, Cote, Sensata

☆ There’s a surprising bit of good news lurking in the stock market
▼ + stars: | 2024-05-10 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Traders fear that elevated rates will uphold painfully high borrowing costs for consumers, squeeze corporate profit and weigh down the market. The labor market has stayed strong, consumers have continued spending and stocks have notched repeated record highs. The April jobs report was a welcome sign that the labor market is cooling without cratering. The labor market added just 175,000 positions last month, marking its lowest tally since October 2023 and a sharp cooldown from the upwardly revised 315,000 jobs added in March. First-time applications for unemployment benefits climbed last week to 231,000, the highest level since last August, in another sign that the labor market is cooling.

Persons: “, ”, Jeff Buchbinder, Jerome Powell, ” Powell, April’s, David Russell, Matt Egan, Wally Adeyemo, Read, Diksha Madhok, Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi Organizations: CNN Business, Bell, New York CNN, Federal, Traders, CNN, Fed, LPL, ” Treasury, Treasury, Reliance Industries, Adani, Indian National Congress Locations: New York, Thursday’s, ’, India

☆ Columbia is facing a bigger donor revolt than we thought
▼ + stars: | 2024-05-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A nonprofit that's gifted Columbia $86 million pulled funding last month, the NYT reports. Unlike outspoken billionaires, the Berrie Foundation exerted influence behind the scenes. AdvertisementYet another Columbia University mega-donor yanked funding from the school — this time behind the scenes. The New York Times reports the Russell Berrie Foundation — named for the gift-and-greeting-card entrepreneur — suspended giving on April 26 in a move that cost Columbia tens of millions of dollars. This story is available exclusively to Business Insider subscribers.

Persons: Columbia, —, Russell Organizations: Columbia, Berrie Foundation, Service, Columbia University, New York Times, Russell Berrie, Business Locations: Columbia

☆ For Columbia and a Powerful Donor, Months of Talks and Millions at Risk
▼ + stars: | 2024-05-10 | by ( Alan Blinder | ) www.nytimes.com time to read: 1 min

On Jan. 19, Angelica Berrie sent an email to Nemat Shafik, the president of Columbia University. Ms. Berrie reported that the Russell Berrie Foundation, named for her late husband, had scheduled three grant payments to Columbia. But after months of campus protests around the Israel-Hamas war, Ms. Berrie also delivered a warning. As the foundation prepared to transfer almost $613,000, Ms. Berrie told Dr. Shafik that future giving would partly hinge on “evidence that you and leaders across the university are taking appropriate steps to create a tolerant and secure environment for Jewish members of the Columbia community.”Months passed, and the foundation, which has donated about $86 million to Columbia over the years, did not like what it saw. Frustrated and flummoxed by the sustained tumult at Columbia, the foundation suspended its giving to the university late last month.

Persons: Angelica Berrie, Nemat Shafik, Berrie, Shafik Organizations: Columbia University, Ms, Russell Berrie Foundation, Columbia Locations: Israel, Columbia

The university had set a Monday deadline for protesters to vacate the encampment or face suspension, and tensions have been rising after some students who had defied the deadline received notices of suspension from the university. Administrators would not say how many students had been suspended. As an additional condition of suspension, some students also lost their eligibility to be employed by the university, a penalty that cut off the income of graduate student employees who were suspended. “I don’t know what comes next,” said Prahlad Iyengar, a first-year graduate student who said he had lost his income and housing as a result of his suspension. “I have friends and a community, and I can find a place, but there are people affected who are housing- and food-insecure, some with children.”

Persons: ”, “, Prahlad Iyengar

☆ These ETFs promise investors downside protection — at a cost
▼ + stars: | 2024-05-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Investors looking for protection against market downside are turning toward buffer exchange-traded funds, also known as defined-outcome ETFs. Buffer ETFs have exploded in popularity in recent years, although they are still a small slice over the overall industry. How buffer ETFs work Managers use a set of equity options when building a fund. Recently, Calamos announced a new product line of 12 ETFs that offers 100% downside protection. The first in the line, Calamos S & P 500 Structured Alt Protection ETF (CPSM) , began trading May 1.

Persons: Lan Anh Tran, Morningstar, Tran, Todd Sohn, Strategas, Sohn, Calamos, Russell, Matt Kaufman, Kaufman, Morningstar's Tran, HELO 1Y, It's Organizations: Morningstar, Strategas Securities, Capital Management, Equity, PGIM, Allianz, BlackRock, Treasury, Trust, JPMorgan Hedged Equity, JPMorgan Locations: BlackRock

Firefighter Anthony Martinez rates depictions of fires and firefighting scenes in movies and TV shows. He breaks down how a real back draft works in "Backdraft," starring Kurt Russell and Robert De Niro. He explains fire safety in supertall buildings as seen in "Skyscraper," starring Dwayne "The Rock" Johnson; and "The Towering Inferno," starring Steve McQueen, Paul Newman, and Faye Dunaway. He analyzes how vehicle fires are portrayed in "Crash," starring Matt Dillon, Thandiwe Newton, and Sandra Bullock. Finally, he examines the house fires in "End of Watch," starring Jake Gyllenhaal and Michael Peña; and "Ladder 49," starring John Travolta and Joaquin Phoenix.

Persons: Anthony Martinez, Tobey Maguire, Kirsten Dunst, Willem Dafoe, Pete Davidson, Bill Burr, Steve Buscemi, Kurt Russell, Robert De Niro, Dwayne, Johnson, Steve McQueen, Paul Newman, Faye Dunaway, Chuck, Larry, Adam Sandler, Kevin James, Matt Dillon, Thandiwe Newton, Sandra Bullock, Jake Gyllenhaal, Michael Peña, John Travolta, Joaquin Phoenix Organizations: Business Locations: Staten Island

☆ Ian Gelder, ‘Game of Thrones’ star, dead at 74
▼ + stars: | 2024-05-08 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

London CNN —British actor Ian Gelder, best known for his role as Kevan Lannister in “Game of Thrones,” has died at age 74, his husband and fellow actor Ben Daniels announced on Tuesday. “It is with huge huge sadness and a heavy heart broken into a million pieces that I’m leaving this post to announce the passing of my darling husband and life partner Ian Gelder,” Daniels wrote on Instagram. “He was the kindest, most generous spirited and loving human being,” Daniels wrote in tribute to his “rock” and partner of 30 years. Over the course of a decades-long career, Gelder appeared in TV shows like “Torchwood,” “His Dark Materials” and “Doctor Who,” but it was his performance in “Game of Thrones” that catapulted him to a new level of fame. Gelder was also a veteran stage actor, playing major roles including Antonio in “The Merchant of Venice” and the Duke of Clarence in “Richard III” at the Royal Shakespeare Company (RSC).

Persons: Ian Gelder, Kevan, ”, Ben Daniels, ” Daniels, costars Dean, Charles Chapman, Julian Glover, Gelder, Daniels, Who, Tywin Lannister, Antonio, Venice ”, Duke, Clarence, “ Richard III ”, “ Withnail, Richard E Grant, Ian, “, Russell T, Davies Organizations: London CNN, Julian Glover HBO, “, Venice, Royal Shakespeare Company, RSC Locations: British, “ The

☆ Watch out for these momentum losers that could underperform, Evercore ISI says
▼ + stars: | 2024-05-07 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of so-called momentum misers are already seeing their 2024 earnings estimates revised downward and the stocks have few reasons that could drive them higher, according to Julian Emanuel, Evercore ISI managing director and head of equity, derivatives and quantitative strategy. Lowe's first-quarter results are due out on May 21, but 2024 earnings estimates have fallen 4.7% year to date, according to Evercore. LOW YTD mountain Lowe's stock. MicroStrategy also made the Evercore list. Still, its 2024 earnings estimates have been revised down by more than 116% since the year began.

Persons: Julian Emanuel, Emanuel, Russell, Lowe's, Morgan Stanley, Simeon Gutman, Gutman, MicroStrategy Organizations: ISI, Coterra Energy, Citigroup

☆ Bear Grylls helped baptize Russell Brand in the pristine waters of the River Thames
▼ + stars: | 2024-05-07 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +2 min

Russell Brand confirmed that Bear Grylls was involved in his baptism in the River Thames. Grylls told the Daily Mail that it was a "privilege" to be with Brand during his baptism. In 2023, Brand was accused of sexual abuse by multiple women. AdvertisementMultiple women have accused Brand of sexual abuse and rape in the past. In September 2023, four women accused him of sexual assault in a joint investigation by several British media outlets.

Persons: Russell Brand, Bear Grylls, Grylls, Brand, —, Russell Brand's, Joe, Jordan, Jesus, Arthur Organizations: Daily Mail, Service, Daily, Prospect Magazine, YouTube Locations: Bethany

☆ Tesla's 'apocalypse-proof' Cybertruck thwarted by sand, snow, and regulator recalls
▼ + stars: | 2024-05-06 | by ( Camilo Fonseca | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. AdvertisementBut on May 2, a tourist on Nantucket found their Cybertruck trapped in the sand, requiring a tow truck to free it. According to the tow operator, the driver made one crucial error: He forgot to let air out of the tires. The tow operator said the safe spot for beach driving is between 18 and 22 psi. Representatives for Tesla did not immediately respond to a request for comment from Business Insider.

Persons: —, hasn't, Elon Musk, Tesla, who've, There's, Marques Brownlee, Michael Brooks, Myles Russell Organizations: Service, Business, Traffic, NHTSA, Center for Auto Safety Locations: Nantucket, Canadian

Early-stage investing is a delicate dance. It demands an understanding of markets, a knack for recognizing potential, and sheer tenacity to weather the cyclical storms of the startup world. Now in its fourth year, our Seed 40 list illuminates the women who have mastered this craft. They are on the front lines, locking arms with visionary founders to transform ideas into full-fledged businesses, often putting money and support behind those builders before others see the opportunity. This story is available exclusively to Business Insider subscribers.

Organizations: Business

Behind most startup founders is an early-stage investor who saw their potential, nurtured their ambition, and backed their ideas. The end of a record bull run in tech rebooted the startup landscape, and now early-stage investors are embracing the change. Founders have gone back to basics, staying lean and mean from the start and harnessing tailwinds of the artificial intelligence boom. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Organizations: Business

☆ How Shruti Gandhi, a solo venture capitalist with 15 exits in 5 years, went from underestimated to unstoppable
▼ + stars: | 2024-05-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Shruti Gandhi has a simple rule for meeting founders: She only takes the meeting if she wants to invest. Being the solo general partner of her firm, the early-stage outfit Array Ventures, also means she can get deals done quickly. Over the past five years, she's returned most of her maiden $7 million fund to limited partners at a net multiple of almost four. For founders, by foundersThe founders Gandhi has backed like working with her because of her technical chops and hands-on approach. We will back you if you raise a fund,'" Gandhi said.

Persons: Shruti Gandhi, Gandhi, Nikhil Teja Kolli, Kolli, she's, wasn't, Dumbledore, Harry Potter, Champ Bennett, Zimperium's Zuk Avraham, Mehul Nariyawala, Google —, Doktor Gurson, Gurson Organizations: Ventures, Business, PayPal, IBM, Columbia University, True Ventures, Samsung, Google, University of Chicago Booth School of Business, Rad Locations: India, Poughkeepsie , New York, She's

☆ Palantir shares fall 7% on lower-than-expected guidance
▼ + stars: | 2024-05-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Palantir shares fell around 7% in extended trading on Monday after the defense tech firm reported weaker-than-expected guidance. Palantir expects second-quarter revenue to fall between $649 million to $653 million, versus the $653 million expected by LSEG. Palantir reported $105.5 million in net income for the quarter, or 4 cents per share, compared with $16.8 million, or 1 cent per share, in the year-ago quarter. Earlier this year, Palantir signed a $178 million contract with the U.S. Army to help develop a next-generation, field-deployable sensor station. Karp said Palantir conducted more than 660 bootcamps during the first quarter.

Persons: Alex Karp, Palantir, Karp Organizations: Russell Senate, LSEG, U.S . Army Locations: Washington ,

☆ Buy these 8 underrated stocks that are about to report surprisingly strong Q1 earnings, according to Bank of America
▼ + stars: | 2024-05-05 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Small- and mid-cap companies have long lagged the broader market due to a slew of challenges, including higher interest rate expectations. However, the strategy head acknowledged that not all small- and mid-cap stocks are the same. The former has been the most consistent small-cap group in economic regimes like this one, though quality stocks can also be a strong choice. Below are the other eight SMID-cap stocks with earnings prospects that Bank of America is bullish about now. Along with each is its ticker, market capitalization, sector, Z-scores for earnings and revenue (higher is better), and Q1 earnings report date (soonest are listed first).

Persons: BofA, Russell, Jill Carey Hall, Hall Organizations: Bank of America's, Business, Bank of America

☆ Universities Roiled by Protests Set to Hold Graduations
▼ + stars: | 2024-05-04 | by ( John Yoon | Emily Cochrane | ) www.nytimes.com time to read: +6 min

Dr. Orleck, 65, was zip-tied and was one of 90 people who were arrested, according to the local police. It was unclear what disciplinary action, if any, the arrested students would face from the university. In her message, Dr. Beilock strongly defended the decision to sweep away the encampment. As the police moved in, arresting students, Dr. Orleck said she started taking videos. Dr. Orleck, she said, was recording the police with her phone.

Persons: Annelise Orleck, Caleb Kenna, Annelise, Orleck, Sian Leah Beilock, Beilock, ”, —, Dr, ” “, “ I’ve, I’ve, Dartmouth, James M, Israel —, “, They’re, ’ ”, Ivy Schweitzer, “ Annelise, ” Dr, Schweitzer, ” Jenna Russell, Sheelagh McNeill Organizations: Dartmouth College, The New York Times, Dartmouth, Wednesday, Valley, Associated Press, Columbia, New York Times, Hanover Police Department Locations: Gaza, Hanover, N.H, Dartmouth, Israel

☆ Why Wall Street is so happy to see the job market slowing down
▼ + stars: | 2024-05-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks soared on Friday after a light April jobs report gave investors hope of a rate cut sooner than later. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The market is currently in a situation where negative economic news is positive for risk assets like stocks. Advertisement"The April jobs report was just what the market ordered," Russell Price, chief economist at Ameriprise, wrote in a client note. Today's jobs report was the "first material 'downside surprise' in over two years," added Key Wealth CIO George Mateyo in comments to Business Insider.

Persons: —, Russell Price, George Mateyo Organizations: Service, Federal Reserve, Treasury, Ameriprise, Business

CNN —Time is running out to prevent starvation in Darfur, in western Sudan, a UN agency has warned, as escalating violence devastates the African nation. People have been forced to consume “grass and peanut shells,” the regional director for Eastern Africa of the World Food Programme (WFP) said on Friday. More than 8.7 million people have been displaced by the war between the Sudanese army and the paramilitary RSF, according to the UN. At least 500,000 of those sheltering in the city have been displaced from violence elsewhere in Sudan, according to the UN’s children’s agency (UNICEF). More than 8.7 million people, including 4.6 million children, have been displaced by the war in Sudan and 24.8 million need assistance, according to OCHA.

Persons: ” Michael Dunford, Cross, Dan Kitwood, Toby Hayward, Hayward, Fasher, Catherine Russell, ” Russell, El Fasher Organizations: CNN, UN, Food Programme, Rapid Support Forces, ICRC, UNICEF, UN Office, Humanitarian Affairs, WFP Locations: Darfur, Sudan, Eastern Africa, South Darfur, Chad, Adré, North, El, El Fasher, Chad’s Tine, –, ”, Port Sudan

☆ Stock market today: US stocks end the week higher after solid earnings and Goldilocks jobs report
▼ + stars: | 2024-05-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Solid earnings results and a weaker-than-expected April jobs report helped push stock prices higher. "The case for rate cuts got a little stronger today. AdvertisementUS stocks surged on Friday after a solid Apple earnings report and a weaker-than-expected April jobs report, which increased the chances of an interest rate cut from the Federal Reserve later this year. The case for rate cuts got a little stronger today. AdvertisementAlso helping boost stocks Friday was Apple, which surged about 7% after it reported a better-than-feared second-quarter earnings report.

Persons: TradeStation's David Russell, —, David Russell Organizations: Nasdaq, Service, Federal Reserve, Business, Apple

Just as Wall Street appeared to come to terms with the idea of high interest rates sticking around for longer, a cooler-than-expected jobs report on Friday brought the idea of rate cuts back into the conversation. The Labor Department reported that job and wage growth in April came in lower than economists had expected, a shift after months of piping-hot labor market reports. The findings rekindled hopes that the Federal Reserve — which has been looking for signs that interest rates are slowing the economy — may yet cut rates before the end of the year. “This is the jobs report the Fed would have scripted,” said Seema Shah, chief global strategist at Principal Asset Management. The S&P 500 rose 1.3 percent on Friday, its best day in more than two months.

Persons: ”, Seema Shah, Russell Organizations: Labor Department, Federal, Asset Management

☆ 3 of Wall Street's biggest banks share what's next for markets after the largest earnings surprise in years — and 25 top stocks to invest in for stable, long-term profit growth
▼ + stars: | 2024-05-02 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Large technology stocks have continued to be a key driver of earnings growth. Those calls are based on the firms' expectation that the economy will continue to grow despite uncomfortably high interest rates. Bullish firms concur that elevated interest rates are a serious concern for investors. "Should the outlook for earnings growth deteriorate, the recent stretch of quality outperformance will likely continue and also expand to include stocks with stable growth," Kostin wrote. Along with each is its ticker, market capitalization, sector, 2024 expected earnings growth rate, and 10-year EBITDA growth variability rate, according to Goldman Sachs.

Persons: Morgan Stanley, That's, Jonathan Golub, David Lefkowitz, Stocks, they've, Mike Wilson, Morgan, 19.3x, Goldman Sachs, David Kostin, Wilson, Kostin, Russell Organizations: UBS, Business, UBS Beats, UBS Global Wealth Management, Companies, Federal Reserve

Steve Bowsher, In-Q-TelSteve Bowsher, president and CEO of In-Q-Tel. He made an early bet on Palantir, blowing the doors open for Silicon Valley techies to go after federal contracts. The son of a federal employee who grew up devouring spy novels, Bowsher has always been interested in the work of the government but actually cut his teeth in Silicon Valley. After graduating from Stanford, he worked for three startups and spent eight years at venture fund InterWest Partners. By combining Silicon Valley's swashbuckling ethos with a government agency's mission-driven mentality, Bowsher has helped shepherd some of the biggest defense tech success stories of the past two decades.

Persons: Steve Bowsher, Bowsher Organizations: Magazine, Stanford, InterWest Partners Locations: Menlo Park , California, Silicon Valley

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