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☆ YouTube's NFL 'Sunday Ticket' deal is a win for traditional TV networks, too – here's why
▼ + stars: | 2022-12-23 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Traditional TV networks got what they wanted out of it, too. Google's YouTube TV bundle includes broadcast stations like CBS, Fox and NBC. Sports, and particularly the NFL, have long been considered the glue holding the traditional TV bundle together. YouTube TV had more than 5.3 million subscribers as of the third quarter, putting it above its competitors like Disney's Hulu Live TV+, Fubo TV and Dish's Sling, according to data from MoffettNathanson. "This is a win for YouTube TV as it serves a larger goal for them getting more subscribers.

☆ Who really pays for NFL stadiums?
▼ + stars: | 2022-12-22 | by ( Darren Geeter | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWho really pays for NFL stadiums? In 2022, the Tennessee Titans of the NFL unveiled their plan to build a new stadium in the heart of Nashville. The 1.7-million-square-foot stadium will house 60,000 fans and cost $2.1 billion. Public funds diverted to help build professional sports stadiums and arenas have cost taxpayers $4.3 billion since 2000. While the NFL and team owners contend that stadiums provide economic benefit to a city, researchers claim it's otherwise.

☆ Taxpayers are paying billions for the renovations and construction of NFL stadiums. Here's how
▼ + stars: | 2022-12-22 | by ( Darren Geeter | ) www.cnbc.com time to read: +4 min

These tax exemptions help lower the burden of high debt through low-interest municipal bonds used by cities and teams to pay for stadiums. Since 1913, municipal bonds have been a popular financing option for airports, roads, hospitals and schools. The loophole works by creating an artificial financing structure through tax-exempt municipal bonds. To gain access to those bonds, private companies must fail one of two tests stipulated by the Tax Reform Bill of 1986. The Las Vegas Stadium Authority financed nearly 40% of the stadium through $750 million in bonds backed by its hotel taxes.

☆ YouTube lands NFL Sunday Ticket deal, reportedly worth $2 billion a year
▼ + stars: | 2022-12-22 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

YouTube has landed a multi-year deal for NFL Sunday Ticket. The package allows viewers to watch Sunday NFL games from outside of their local market. YouTube has landed the rights to NFL Sunday Ticket in a multi-year agreement, YouTube and the NFL announced on Thursday. NFL Sunday Ticket allows viewers to watch NFL Sunday games that are outside of their local market. NFL games are still some of the most-watched telecasts on broadcast networks in any given year.

☆ Inside Wall Street's cloud ambitions: From cutting costs to new security tools, tech execs from Blackstone, Goldman Sachs, Citadel, and others predict the top cloud trends in 2023
▼ + stars: | 2022-12-22 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +2 min

This year saw the continued embrace of the public cloud by Wall Street firms. Wall Street is headed for the clouds. But now, a wholesale migration from physical, on-premise data centers to cloud networks is fully underway within financial services. Finance firms are using a move to the cloud as an opportunity to overhaul their business beyond just upgrading back-end tech. Here are the six top trends to watch in the cloud in 2023, according to top Wall Street tech execs.

LOS ANGELES — Harvey Weinstein was found guilty of one count of rape and two counts of sexual assault but acquitted of one count of sexual battery after a trial in Los Angeles, nearly three years after the disgraced movie mogul was convicted at a watershed sex crimes trial in New York City. In the Los Angeles trial, jurors found Weinstein guilty of forcible rape, forcible oral copulation and sexual penetration by foreign object. Los Angeles District Attorney George Gascón thanked the jurors for their service and hailed the accusers who came forward. In opening arguments, Los Angeles prosecutors portrayed Weinstein as a relentless sexual predator who lorded his status as “the most powerful man in Hollywood” over the women he abused. Daniel Arkin reported from New York, Diana Dasrath reported from Los Angeles.

☆ Wirecard witness admits guilt but pins German fraud blame on ex-CEO
▼ + stars: | 2022-12-19 | by ( Christina Amann | ) www.reuters.com time to read: +3 min

Oliver Bellenhaus, who was head of Wirecard's subsidiary in Dubai, became a key witness in the case after turning himself in to German authorities in 2020. They face charges including fraud and market manipulation and if convicted could be jailed for up to 15 years. Florian Eder, a lawyer for Bellenhaus, told Reuters that the cooperation of his client should result in a "very significant reduction" in his sentence. It was a swindle from the beginning," Bellenhaus told the court, saying he deeply regretted his involvement and the damage it caused. But Bellenhaus told the court on Monday it was "blind loyalty" to Braun, whom he described as an "absolutist CEO", that had landed him in court in Munich.

☆ NFL roundup: Patriots fumble away game to Raiders on last play
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +9 min

Carr completed 20 of 38 passes for 231 yards, three touchdowns and one interception. Bengals 34, Buccaneers 23Joe Burrow threw four touchdown passes to help Cincinnati overcome a 17-point deficit and upend host Tampa Bay for its sixth straight win. Chicago regained possession trailing 17-13 with 8:25 to play after Jake Elliott's 38-yard field goal attempt bounced off the right upright. Saints 21, Falcons 18Andy Dalton threw two touchdown passes and Taysom Hill threw another one as host New Orleans defeated Atlanta. Dalton completed 11 of 17 passes for 151 yards and connected with Juwan Johnson for touchdowns of 19 and 22 yards.

☆ Qatar's 2022 World Cup ends with modest ceremony, titans clash
▼ + stars: | 2022-12-18 | by ( Andrew Mills | ) www.reuters.com time to read: +4 min

After 63 matches, the World Cup in Qatar comes to a close with reigning champions France taking on Argentina in a showpiece final with both teams looking to add a third star to their crest. France's Mbappe and Argentina's Messi, both playing for the Qatari-owned club, are also a reminder of Qatar's influence on global soccer beyond the FIFA World Cup organisation. CONTROVERSYQatar's hosting of the 2022 World Cup, which has been marred by controversy, was part of a carefully built strategy by the tiny but rich state to bolster its global influence. "There is the Workers Support and Insurance Fund that will be looking into any matters relating to unfortunate deaths. And that will continue beyond the World Cup," Thawadi said.

☆ FTX flameout showed investors bought crypto for the wrong reasons. Why most are hoping that'll change in 2023
▼ + stars: | 2022-12-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

In some ways, disgraced FTX CEO Sam Bankman-Fried helped bring more legitimacy to crypto, pushing it further into the mainstream. Decentralized finance has exploded in popularity, but there are other uses for digital assets that people are excited about. Now is a good time for investors to gain knowledge, and doing so would help them solidify their crypto investment thesis in 2023, he said. Specifically, Blumberg added, leaving funds on centralized exchanges is far more dangerous than keeping custody of funds yourself. "The smart investors are seeing this and remembering that what we have here is a fixed supply and, growing demand."

☆ Stage set for clash of titans as Argentina take on France in World Cup final
▼ + stars: | 2022-12-18 | by ( Rohith Nair | ) www.reuters.com time to read: +1 min

DOHA, Dec 17 (Reuters) - After 63 matches, the World Cup in Qatar comes to a close on Sunday when reigning champions France take on Argentina in a showpiece final at Lusail Stadium with both teams looking to add a third star to their crest. The last time these two teams met was at the 2018 World Cup where France beat Argentina 4-3 in the last 16, an encounter that was arguably the most entertaining match of the tournament in Russia. The final will also see a clash of generational stars when 35-year-old Messi, playing in his final World Cup match, faces his 23-year-old Paris St Germain team mate Kylian Mbappe. Both players have scored five goals at the World Cup and could potentially leave Qatar with three trophies as they also vie for the Golden Boot for the top scorer as well as the Golden Ball for the tournament's best player. Reporting by Rohith Nair in Doha Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ India and Vietnam could benefit as chipmakers shift away from China
▼ + stars: | 2022-12-13 | by ( Weilun Soon | ) www.cnbc.com time to read: +5 min

Yuichiro Chino | Moment | Getty ImagesU.S. curbs on chip exports to China are the latest shakeup prompting companies to consider moving some of their chipmaking capabilities to nearby Vietnam and India. In October, the U.S. began requiring companies to obtain licenses to export advanced semiconductors or related manufacturing equipment to China. Shift from China to AsiaThe curbs are the latest in a series of upheavals for the $600 billion global semiconductor industry. China firmly in the leadDespite Asia's rising attractiveness for chipmakers, experts point out that China still maintains a lead over regional economies in terms of its competitiveness in chipmaking. In its "Made in China 2025" blueprint released in 2015, the country laid the groundwork for technological self-sufficiency in chipmaking.

☆ 'The Whale' reaches the big screen after a decadelong journey from the stage
▼ + stars: | 2022-12-12 | by ( Rendy Jones | ) www.nbcnews.com time to read: +6 min

“‘The Whale’ was seminal for me, both in my career but also, kind of, for me personally. It was the first time that I had … really personal stuff from my own history and put it into a play,” Hunter said. The story is set in Moscow, Idaho, where Hunter grew up, and, like Charlie, Hunter said he, too, had a fraught relationship with religious fundamentalism and self-medicated his depression with food. “I’m out of the closet, I’m fine now, but that masks a lot of stuff that I just had not processed. I think it’s worth talking about.”While “The Whale” deals with heavy subject matter, Hunter said it’s still a hopeful film.

Companies Wirecard AG FollowMUNICH, Dec 12 (Reuters) - The former Wirecard CEO Markus Braun began his defence in Germany's biggest post-war fraud trial on Monday, as his lawyer dismissed allegations of wrongdoing at the defunct payments company as "absurd" and prejudiced. They said the deception allowed Wirecard's managers to siphon money out of the company for years. "It's an absolutely absurd and erroneous notion that a gang leader would act like this," Dierlamm told the court. Braun's lawyer told the court that the prosecution's key witness was the main perpetrator. Wirecard became the first-ever member of Germany's DAX blue chip stock index to file for insolvency, owing nearly $4 billion.

☆ World Cup champion France edges out England to reach semifinals as Harry Kane misses penalty
▼ + stars: | 2022-12-10 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —World Cup holder France remains on course in its title defense after beating England 2-1 to reach the semifinals at Qatar 2022. Aurélien Tchouaméni gave France a first-half lead, his powerful shot setting the game ablaze at the Al Bayt Stadium on Saturday. England grew into the game and team captain Harry Kane emphatically converted from the penalty spot to draw the 2018 semifinalists level. Giroud celebrates after scoring France's second goal against England. Kane emphatically took advantage, powering the ball into the corner of the France goal, in doing so becoming England’s joint top scorer alongside former Manchester United forward Rooney.

☆ Wirecard bosses' fraud trial begins after scandal that rocked Germany
▼ + stars: | 2022-12-08 | by ( Jörn Poltz | ) www.reuters.com time to read: +5 min

The trial is taking place in Munich's largest and newest courtroom, a bomb-proof underground hall built in the Stadelheim prison complex. Braun, an Austrian born in Vienna, has denied embezzling money from Wirecard and accused others of running a shadow operation without his knowledge. [1/8] Wirecard's former CEO Markus Braun looks on at a courtroom as his trial begins, after the German payments company collapsed in the wake of a fraud scandal in 2020, in Munich, Germany, December 8, 2022. The fraud let Wirecard managers siphon money out of the company with no proper checks and balances. "All three defendants worked together to make Wirecard appear as an extremely successful FinTech company," said Anne Leiding, a spokesperson for the prosecutors.

☆ Wirecard ex-boss on trial for fraud in scandal that rocked Germany
▼ + stars: | 2022-12-08 | by ( Jörn Poltz | ) www.reuters.com time to read: +5 min

The trial is taking place in Munich's largest and newest courtroom, a bomb-proof underground hall built in the Stadelheim prison complex. Braun has denied embezzling money from Wirecard and accused others of running a shadow operation without his knowledge. [1/7] Wirecard's former CEO Markus Braun looks on at a courtroom as his trial begins, after the German payments company collapsed in the wake of a fraud scandal in 2020, in Munich, Germany, December 8, 2022. The fraud let Wirecard managers siphon money out of the company with no proper checks and balances. Scholz also criticised Wirecard's auditor, EY, for failing to detect the fraud.

☆ Former Wirecard boss goes on trial in fraud scandal that rocked Germany
▼ + stars: | 2022-12-08 | by ( Jörn Poltz | ) www.reuters.com time to read: +4 min

[1/2] Wirecard's former boss Markus Braun listens, ahead of testifying before a German parliamentary committee in Berlin, Germany, November 19, 2020. Braun has denied embezzling money from Wirecard and accused others of running a shadow operation without his knowledge. However, within days, Wirecard became the first-ever DAX member to file for insolvency, owing creditors nearly $4 billion. Following Wirecard's demise, the head of German financial regulator BaFin resigned and the head of Germany's accounting watchdog also stepped down. Scholz also criticised Wirecard's auditor, EY, for failing to catch the fraud.

☆ The media business is in turmoil — but its stocks may be close to bottoming
▼ + stars: | 2022-12-07 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Wall Street, for what it’s worth, seems to think the worst is over for the streaming leader after it finally decided to cave and launch an ad-supported service. And what’s more, many media companies are in the midst of layoffs and other cost-cutting measures, including CNN and its parent Warner Bros. But Wall Street is certainly more bullish about the prospects for media stocks. Wall Street is predicting that Warner Bros. So even though it feels like there’s still more bad news to come, media stocks may have already hit the bottom.

Australia's central bank raised interest rates by a quarter percentage point to a 10-year high on Tuesday as expected, and said more tightening was needed. Australian stocks slumped 2.5% and the MSCI Asia ex-Japan stock index fell 1.2%, its biggest fall in over two weeks. Some days, investors look at sluggish activity through the 'bad news is good news' lens, betting that weak data will prevent central banks from raising rates too much. Other days, bad news is just bad news and Tuesday was one of them - bonds surged and oil slumped to its lowest since the first week of the year. Will bad news be bad news and good news be good news, or bad news be good news and good news be bad news?

☆ S&P posts 4th straight decline as recession talk weighs on Wall Street
▼ + stars: | 2022-12-06 | by ( David French | ) www.reuters.com time to read: +4 min

[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. However, technology names generally suffered as investors applied caution toward high-growth companies whose performance would be sluggish in a challenging economy. Most of the 11 major S&P sectors declined, with energy and communications services (.SPLRCL) joining technology (.SPLRCT) as leading laggards. Future economic growth prospects were in focus on Tuesday following comments from financial titans pointing toward uncertain times ahead. The S&P 500 posted three new 52-week highs and nine new lows; the Nasdaq Composite recorded 52 new highs and 262 new lows.

[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Future economic growth prospects were in focus on Tuesday following comments from financial titans pointing toward uncertain times ahead. The S&P banks index (.SPXBK) was down 2.6%, with Bank of America leading declines with a 5.6% drop. Fears about economic growth come amid a re-evaluation by traders of what path future interest rate hikes will take, following strong data on jobs and the services sector in recent days. "If economic growth continues to be better than what people are expecting, there are chances that the Fed would have to continue to be hawkish," said Rusty Vanneman, chief investment strategist at Orion Advisor Solutions.

[1/2] The headquarters of Wirecard AG in Aschheim near Munich, Germany, September 22, 2020. REUTERS/Michael DalderMUNICH/BERLIN, Dec 6 (Reuters) - Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany's biggest post-war fraud scandal and sent shockwaves through the country's political and financial establishment. Wirecard, which started out processing payments for pornography and online gambling, rose to be worth $28 billion and displaced Commerzbank (CBKG.DE) in Germany's DAX blue-chip index. But in June 2020, Wirecard was forced to admit that 1.9 billion euros were missing from its balance sheet. In the ructions that followed Wirecard's demise, the head of German financial regulator BaFin resigned and the head of Germany's accounting watchdog also stepped down.

☆ The 5 best leadership books I read this year — and what they taught me about running a company
▼ + stars: | 2022-12-06 | by ( David Siegel | ) www.businessinsider.com time to read: +5 min

For a roadmap for effective, kind leadership and smart decision-making, he shares 5 book recommendations. Publishing a leadership book gave me a newfound perspective on the genre. Here are the top five leadership books I read in 2022 and why I found each one particularly enriching. After reading The Promise of a Pencil, I learned how seemingly small acts can make a world of difference in communities. For anyone considering executive coaching or looking to find a coach, this book is a must-read.

☆ NFL Week 13: Ravens do it without Jackson, Burrow and Prescott put in dominant performances as Eagles stay top
▼ + stars: | 2022-12-05 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +4 min

“(It’s) not a season-ending type of knee,” Harbaugh said after the game, according NFL.com “We’ll see if he can go back this week. Katie Stratman/USA TODAY Sports/ReutersThe Bengals were down by seven going into the final quarter but turned it around. Only the Detroit Lions have scored more in the final quarter when they scored 34 against the Bears in 2007. With the win the Cowboys (9-3) maintain their winning form and remain two games behind the Philadelphia Eagles (11-1) in the NFC East. All three of Prescott's thrown touchdowns came in the third quarter before the Cowboys' final quarter onslaught.

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