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☆ What the SEC climate disclosure rule may mean for investors
▼ + stars: | 2024-03-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Climate disclosures would be made in annual filings companies make to the SEC, such as a Form 10-K, and in registration statements filed before an initial public offering. "I think climate disclosures have largely become table stakes for the investment community," said Lindsey Stewart, director of investment stewardship research at Morningstar. Current climate disclosures are 'uncommon'Ships on the Panama Canal on August 21, 2023. Shipping experts fear such events could become the new normal as rainfall shortfalls highlight climate risks. The SEC proposal outlined three tiers of emissions disclosures: Scopes 1, 2 and 3.

Persons: Gary Gensler, Win Mcnamee, —, Lindsey Stewart, Daniel Gonzalez, Stewart, They'd, Rachel Curley, Hurricane Idalia, Christian Monterrosa, Cowen, Patrick McHenry, Sen, Tim Scott, Bill Huizenga, Chris Ratcliffe, They're Organizations: Securities, Exchange, Financial Services, General, Getty, The Securities, Exchange Commission, SEC, Morningstar, Panama Canal Authority, Shipping, Anadolu Agency, P Global, Corporations, U.S . Sustainable Investment, Hurricane, Bloomberg, Republicans, Economic, Deloitte Locations: Washington, Panama, U.S, Cedar Key , Florida, R

☆ I cannot express to you how unbelievably bald Austin Butler is in 'Dune: Part Two'
▼ + stars: | 2024-03-04 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

A recap: Villeneuve's "Dune" series (currently two films, potentially a third) is an adaptation of Frank Herbert's seminal novel. Worry about Austin Butler's shiny head. Proof that Austin Butler is enthrallingly hot in "Dune: Part Two." AdvertisementI need you to look — really look — at Austin Butler. one thing that’s not a spoiler I will say is no matter how many previews you see of dune 2, austin butler is somehow balder than that in the movie.

Persons: —, Denis Villeneuve's, Oscar, Austin Butler, Frank Herbert's, Timothée Chalamet, Paul Atreides, Arrakis, Paul, Niko Tavernise, Pictures Butler, Feyd, Baron Vladimir Harkonnen, Gaze, Slay, Rautha, Villeneuve, Butler didn't, Butler, Jimmy Kimmel, That's, you've, austin, balder Organizations: Service, Business, Warner Bros, Pictures Locations: Arrakis, Feyd

☆ ‘The Regime’ review: Kate Winslet’s streak of award-worthy miniseries fizzles with HBO’s political satire
▼ + stars: | 2024-03-01 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Alas, they’ve come a little too close to that with “The Regime,” a political satire that’s weird but not very good, other than savoring Winslet’s over-the-top antics as an autocratic leader. When the story begins, Vernham is already engaging in odd behavior that leaves her ministers (who assemble in “Dr. Matthias Shoenaerts and Kate Winslet in "Regime." Lustily sneering her dialogue in an exaggerated accent, Winslet throws her all into the character, but to what end? But after watching “The Regime,” consider this an offer they probably should have refused.

Persons: “ Mildred Pierce ”, Kate Winslet, they’ve, Will Tracy, Stephen Frears, Jessica Hobbs, ”, Winslet’s Chancellor Elena Vernham, Martha Plimpton, –, Vernham, Dr, Strangelove ”, Herbert Zubak, Matthias Schoenaerts, Herbert, Matthias Shoenaerts, Elena, Andrea Riseborough, Guillaume Gallienne, Herbert isn’t, clouding, Hugh Grant, can’t, Lustily, Winslet Organizations: CNN, HBO, lunacy, Warner Bros . Locations: “, Easttown, Central Europe, “ Amsterdam

☆ Opinion | A Protest Against Biden Over the Gaza War
▼ + stars: | 2024-03-01 | by ( ) www.nytimes.com time to read: +1 min

Donald Trump has never indicated the slightest interest in or concern for the plight of the Palestinian people. His interests lie more in making deals to accrue personal power or make money. But my real concern is for freedom, for environmental stewardship, for American global leadership, for standing up to tyrants, for supporting experts who actually know how to govern. The price of ceding our nation’s leadership to Mr. Trump and the regressive religious and social forces that fuel his popularity is just too high. Keep fighting, keep protesting, but please don’t bring down the diverse, free society that enables us all to fight for what we believe.

Persons: ”, Charles M, Donald Trump, Trump Organizations: Biden, Democratic Locations: Gaza, American

☆ ‘Shōgun’ review: FX’s 10-part series might be the TV program of the year (again)
▼ + stars: | 2024-02-26 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —In the early heyday of miniseries, “Shōgun” was the show of the year in 1980, and it might be again 44 years later. That chaos also creates the possibility of one regent emerging to consolidate power, and perhaps even gain the title of shōgun. Of course, in today’s heavily fragmented streaming environment “Shōgun” won’t be the massive ratings hit that it was back when there were three broadcast networks (and not much else), but those who wade into this dense history will be amply rewarded. “All men can be broken,” Toranaga muses at one point, with a quiet sense of menace and determination. If only all limited series could be half as good as “Shōgun.”“Shōgun” premieres February 27 on Hulu and at 10 p..m. ET the same day on FX.

Persons: Shōgun ”, James Clavell’s, John Blackthorne, Cosmo Jarvis, –, ” Blackthorne, Toranaga, Hiroyuki Sanada, “ John Wick, shōgun, Eager, Mariko, Anna Sawai, Buntaro, Shinnosuke Abe, Blackthorne, Richard Chamberlain, King, “ Shōgun ”, Sean Connery, Jarvis, Ishido, Hira, ”, Michael Clavell, won’t, ” Toranaga Organizations: CNN, of Regents, Apple’s, NBC, Hulu Locations: Japan, ”, “

☆ This shift in the Treasury market may set investors up for solid gains
▼ + stars: | 2024-02-24 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

Investor sentiment toward intermediate-term Treasury bonds may be changing. "So, they're looking to reposition the fixed-income portion of their portfolio to take advantage of where interest rates are likely to go next." It's a shift from last year when short-term bonds and money market funds saw large inflows. "Taking on some duration risk makes sense, but I wouldn't go too far out on the curve," he said. "The risk-return dynamics [of] getting too far out on the long end don't make a ton of sense to me."

Persons: David Botset, you'll, Nate Geraci Organizations: Federal

☆ ETF Edge, February 21, 2024
▼ + stars: | 2024-02-21 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge, February 21, 2024David Botset, Schwab Asset Management head of innovation and stewardship, and Nate Geraci, The ETF Store president, join CNBC's Bob Pisani on 'ETF Edge' to discuss the risk of high tech concentration, spot bitcoin trading, the growing investor appetite for intermediate-term Treasury bonds and more.

Persons: David Botset, Nate Geraci, Bob Pisani Organizations: Schwab Asset Management

☆ Rock & hard place: What's a bond investor to do now?
▼ + stars: | 2024-02-21 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRock & hard place: What's a bond investor to do now? David Botset, Schwab Asset Management head of innovation and stewardship, and Nate Geraci, The ETF Store president, join CNBC's Bob Pisani on 'ETF Edge' to discuss the growing appetite for intermediate-term Treasury bonds and the bond conundrum facing investors.

Persons: David Botset, Nate Geraci, Bob Pisani Organizations: Schwab Asset Management

Everything from banana peels and used coffee grounds to yard waste and soiled paper products like pizza boxes counts as organic waste. In Southern California, the nation’s largest facility to convert food waste into biogas has filed for bankruptcy because it’s not getting enough of the organic material. About three-quarters of communities are currently collecting organic waste from homes, said Rachel Machi Wagoner, CalRecycle’s director. CalRecycle hasn't tallied data yet on how much organic waste was diverted from landfills in 2023. Jurisdictions reported diverting 11.2 million tons (10.1 million metric tons) of organics at the end of 2022, up from 9.9 million tons (8.9 million metric tons) the prior year, Wagoner said.

Persons: it’s, ”, Coby Skye, Rachel Machi Wagoner, “, CalRecycle hasn't, Wagoner, Gabe Gonzales, Manuel Medrano, Medrano, Cody Cain, Agromin, we'll, Cain, Yaniv Scherson, Heidi Sanborn, “ We're, We're, Sanborn Organizations: Los Angeles County Public, “, Anaergia Inc, Sanitation & Environment, Stewardship Action Locations: CHULA VISTA, Calif, California, Southern California, Los, America, Otay, Chula Vista, San Diego County, Rialto, Angeles

☆ Indonesia Votes for New President Under Shadow of Influential Incumbent
▼ + stars: | 2024-02-13 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +4 min

Those surveys show Prabowo with 51.8% and 51.9% support, with Anies and Ganjar a whopping 27 and 31 points adrift respectively. To win outright, a candidate needs over 50% of votes and to secure 20% of the ballot in half of the country's provinces. "Jokowi as the decisive factor has been proven by the rising popularity of Prabowo," said Arya Fernandes of Indonesia's Center for Strategic and International Studies. "But whether or not Prabowo can win in one round, there are some other factors outside of Jokowi," he said, noting turnout would be crucial for Prabowo. "The candidates' programmes will be the decisive factor... Populist pledges that are easy to remember will be very influential."

Persons: Ananda Teresia, Stanley Widianto, Joko Widodo, Ganjar, Anies, Prabowo Subianto, Suharto, Prabowo, Jokowi, Arya Fernandes, Jokowi's, Wasisto Raharjo, Martin Petty, Nick Macfie Organizations: Defence, Widodo, Indonesia's Center, Strategic, International Studies, Central Java, Prabowo, National Agency for Research, Innovation Locations: Stanley Widianto JAKARTA, Indonesia, country's, Jokowi, Jakarta, Jokowi's

☆ Rolling Stone’s editor-in-chief exits magazine after brief run over differences with top boss
▼ + stars: | 2024-02-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

In a note to staff, Wenner thanked Shachtman and said that he will begin a search for a new editor in the coming weeks. Shachtman added that while he was stepping down as editor, he would be a contributing writer for the magazine. Shachtman also emphasized that under his stewardship, Rolling Stone would not be afraid to take aim at some of music’s biggest names. The scandal ultimately led to Jann being removed from the Rock and Roll Hall of Fame. At the time, Rolling Stone described the comments as “offensive” and Shachtman published a piece examining the magazine’s history.

Persons: Noah Shachtman, Rolling Stone, Gus Wenner, ” Shachtman, Wenner, Shachtman, ” Wenner, Sean Woods, Lisa Tozzi, ”, “ I’ll, Jann, Stone Organizations: CNN, Rolling, Rolling Stone, Magazine, New York Times, Hall of Fame Locations: “, Shachtman

And while the economy usually comes out on top as the issue for most voters, there are doubts over whether even a good economy is enough for Joe Biden to win a second term. Certainly, the improving economy – and most importantly an inflation rate that is trending back to the Federal Reserve’s desired 2% annual target – should be an asset for Biden. “Obviously perceptions of Biden and Trump are largely baked in and have been for a long time” says Lee Miringoff, director of the Marist Institute for Public Opinion. “We’re playing at the margins at best.”For Democrats, running on a good economy will present its own challenges. The wing nuts have disproportionate power.”Ramamurti still believes that Biden should emphasize the economy, saying, “I’m of the view that good news is good news.

Persons: Joe Biden, ”, Jose Torres, ” Powell, “, Biden, Al Capone, Alejandro Mayorkas, Bharat Ramamurti, Trump, Lee Miringoff, David Walker, Walker, “ There’s, ” Ramamurti, Ramamurti, Gregory Daco, Pollsters, Mark Zandi Organizations: Federal, Biden, Fed, Interactive, Republicans, Democrats, CBS, Trump, GOP, Homeland, National Economic Council, Marist, ”, Marist Institute, Public, Biden Administration, Republican, Democratic Party, Democrat, Dow Jones, Moody's Locations: Pennsylvania

☆ Is the Senate Becoming the House?
▼ + stars: | 2024-02-09 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

In 2008, as the nation faced a catastrophic financial crisis, the House did what it sometimes does — veered off the rails. It was the steadier Senate that had to step in and take over, find a way to approve the legislation and show the House how it was done. When the unruly House, with its treacherous two-year election cycle, melts down, the Senate is expected to step up, providing the adult supervision needed in the legislative world. The august Senate — at least on the Republican side — is becoming more like its chaotic counterpart across the Rotunda every day. The Senate Republican Conference, as it is known, is more publicly divided and feuding than at any time in recent memory, a rare development for a group led by Senator Mitch McConnell, Republican of Kentucky and the minority leader, who has always taken great pains to conceal internal disputes.

Persons: Mitch McConnell, McConnell Organizations: Senate, Republican, Republican Conference Locations: Washington, Kentucky

☆ Election 2024 Trump rolls in Nevada, Biden is roiled by a special counsel — and the race remains largely unchanged.
▼ + stars: | 2024-02-09 | by ( Chris Cameron | Michael Gold | ) www.nytimes.com time to read: +6 min

Even in a campaign in which Mr. Trump’s dominance has sapped the race of much of its drama, his win in Nevada felt particularly preordained. Embarrassingly for Ms. Haley, she was heavily outvoted in that election by a “None of These Candidates” option on the ballot. She was essentially unopposed, but even without Mr. Trump on the ballot, Republican voters rejected her. Ms. Haley still won the contest, but its results were effectively immaterial. Mr. McDonald also repeatedly pushed false claims of voter fraud that remain at the heart of Mr. Trump’s lie that the 2020 election was stolen from him.

Persons: Donald J, Trump, Nikki Haley, Embarrassingly, Haley, Trump’s, trouncing Ms, Haley’s, Biden, Max Whittaker, William E, ”, Susan Sevilleja, “, Michael J, McDonald, Biden’s, McDonald’s, Ron DeSantis, Kellen Browning Organizations: Nevada’s Republican, Associated Press, Nevada Republican Party, Republican Party, Republican, U.S . Virgin, Republicans, Democratic, Mar, The New York Times, Nevada Republicans, William, Orr Middle, White House, Mr, Trump, Gov Locations: Nevada’s, Nevada, Colorado, Florida, Las Vegas

☆ Trump says Gavin Newsom would be an 'easy' presidential opponent after speculating that Biden may not be the Democratic nominee
▼ + stars: | 2024-02-05 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Donald Trump slammed Gavin Newsom's stewardship of California during a recent Fox News interview. Trump argued that Newsom would be an "easy" opponent if President Biden somehow left the WH race. Biden easily won the South Carolina Democratic primary and has given no indications he'd reverse course on 2024. Gavin Newsom would be an "easy" presidential opponent after speculating that he might not face President Joe Biden in the November general election. Michelle Obama has previously panned the idea of running for president and Newsom last year said he was firmly behind Biden's candidacy.

Persons: Donald Trump, Gavin, Trump, Newsom, Biden, —, Gavin Newsom, Joe Biden, Maria Bartiromo, he'd, Ron DeSantis, MSNBC's Alex Wagner, there's, Bartiromo, Michelle Obama, I've, Biden's Organizations: Fox, WH, South Carolina Democratic, Service, California Gov, Fox News, Democratic, Florida Gov, Trump, South, Republicans Locations: California, South Carolina

MADISON, Wis. (AP) — The Wisconsin Supreme Court on Friday agreed to hear Democratic Gov. Tony Evers' lawsuit against the Republican-controlled Legislature arguing that it is obstructing basic government functions. The court's liberal majority agreed to hear the case, with the three conservative justices dissenting. The court only agreed to immediately hear one of the three issues Evers brought forward in the complaint. The Legislature convened a lame duck session just weeks before Evers took office to weaken the incoming governor’s powers.

Persons: Tony Evers, Evers, Janet Protasiewicz, Rebecca Dallet, Jill Karofsky, Ann Walsh Bradley, Annette Ziegler, Brian Hagedorn, Rebecca Bradley, ” Evers, Knowles, Devin LeMahieu Organizations: Wisconsin Supreme, Democratic, Republican, University of Wisconsin, Conservative, Legislature, Wisconsin Department of Natural Resources, Nelson Stewardship Program, Republicans, GOP, Natural Resources Board Locations: MADISON, Wis, Wisconsin

☆ Volvo shares jump 24% on higher sales, plans to stop Polestar funding
▼ + stars: | 2024-02-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Volvo Cars shares surged more than 24% Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive. Volvo earlier in the day reported a 10% year-on-year increase in fourth-quarter net sales to 148.1 billion Swedish krona ($14.16 billion), bringing its full-year 2023 total to 552.8 billion krona. Adjusted operating income jumped to 18.38 million krona from 12.17 million for the same period in 2022. The group announced that it may hand stewardship of ailing luxury car brand Polestar over to majority Volvo shareholder Geely Holding . "We are therefore evaluating a potential adjustment to Volvo Cars' shareholding in Polestar, including a distribution of shares to Volvo Cars' shareholders.

Organizations: Volvo, Volvo Cars, Polestar Automotive, Geely, Geely Sweden Holdings Locations: Seoul, South Korea, Swedish, Polestar, Geely Sweden

Late last year, Wall Street investors had bet that a rate cut in March was a near-certainty. Collectively, the policymakers likely feel little urgency to start cutting rates, a point that Chair Jerome Powell may stress in a news conference Wednesday. The unemployment rate, at 3.7%, isn't far above a half-century low. Yet some cracks have begun to appear in the job market and, if they worsen, could spur the Fed to cut rates more quickly. Though the European Central Bank could cut rates as soon as April, many economists think that might not happen until June.

Persons: Joe, Biden, Jerome Powell, they’re, ”, Subadra Rajappa Organizations: WASHINGTON, Federal Reserve, Republicans, Congress, Wall Street, Consumers, General Motors, United Auto Workers, Conference Board, European Central Bank Locations: U.S, United States

☆ Ukraine Says It Uncovers Mass Fraud in Weapons Procurement
▼ + stars: | 2024-01-27 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Ukraine's SBU security service said on Saturday it had uncovered a corruption scheme in the purchase of arms by the country's military totalling the equivalent of about $40 million. The announcement of mass procurement fraud, confirmed by Ukraine's Defence Ministry, will have a huge resonance in a country beleaguered by Russia's nearly two-year-old invasion. The fight to root out endemic corruption remains a major issue as Ukraine presses its bid to secure membership in the European Union. "According to the investigation, former and current high-ranking officials of the Ministry of Defence and heads of affiliated companies are involved in the embezzlement." Defence Minister Oleksii Reznikov was dismissed last September over various corruption cases despite enjoying a solid reputation in representing Ukraine in its discussions with Western allies.

Persons: Russia's, Oleksii Reznikov, Ron Popeski, Maria Starkova, Andrea Ricci Organizations: Reuters, Ukraine's Defence Ministry, European Union, Ministry of Defence, Lviv Arsenal, . Defence, Western Locations: Ukraine, Ukrainian

Friday’s government report showed that prices rose just 0.2% from November to December, a pace broadly consistent with pre-pandemic levels and barely above the Fed's 2% annual target. Excluding volatile food and energy costs, prices also rose just 0.2% from month to month. And compared with a year earlier, so-called “core” prices climbed 2.9% in December — the smallest such increase since March 2021. Economists consider core prices a better gauge of the likely path of inflation. Solid consumer spending propelled the growth, capping a year that had begun with widespread expectations of a recession.

Persons: Joe Biden Organizations: WASHINGTON, White, Biden's, University of Michigan

☆ Jon Stewart to return to ‘The Daily Show’ as a host and executive producer
▼ + stars: | 2024-01-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —Jon Stewart is heading back to “The Daily Show.”The comedian, who during his 16-year run as host of the Comedy Central program established it as an entertainment and cultural force, will return to host the show each week on Mondays starting February 12, Showtime and MTV Entertainment Studios announced Wednesday. After exiting “The Daily Show” in 2015, Stewart signed a deal with Apple to host a show for the technology company’s nascent streaming service. Convincing Stewart to return to “The Daily Show” is a major coup for Comedy Central. While Trevor Noah received critical acclaim for hosting program after Stewart exited, it never quite had the same cultural impact it did under Stewart’s stewardship. Showtime and MTV Entertainment Studios, which is responsible for much of the streamer’s content library, said episodes with Stewart will be available on the platform the day after they air on Comedy Central.

Persons: Jon Stewart, Stewart, “ Stewart, ” Chris McCarthy, ” McCarthy, “ Jon, ” Stewart, Joe Biden, Donald Trump, Trump, Stewart’s, Trevor Noah Organizations: CNN, Comedy Central, Showtime, MTV Entertainment Studios, Apple, Paramount Global, Paramount

☆ The Los Angeles Times plunges into ‘chaos’ as brutal layoffs loom and senior editors call it quits
▼ + stars: | 2024-01-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —The Los Angeles Times is in disarray. The Dr. Patrick Soon-Shiong-owned newspaper, which houses the largest newsroom in the western U.S., has been thrown into a state of mayhem as severe layoffs loom and senior editorial leaders abruptly call it quits. “I cannot overstate the level of chaos,” one staffer, who requested anonymity because they were not authorized to speak publicly, candidly told me on Monday. Then, news of forthcoming mass layoffs ensued, prompting the employee’s union to stage a historic one-day walk out on Friday. “All we are asking for is the opportunity for our newspaper and hardworking journalists to be fairly compensated, and for the L.A. Times to have a fair chance to become a self-sustaining institution.”

Persons: Patrick Soon, “, ”, Kevin Merida, Meg James, — Julia Turner, Sara Yasin, Scott Kraft, Shani Hilton —, alums Hilton, Yasin, Turner, “ Scott, Shiong Organizations: New York CNN, Los Angeles Times, BuzzFeed, alums, Kraft, Tribune Publishing, LA Times, LA Times Studios, Democratic, California, . Locations: New York, U.S

☆ China is entering an era of stagnation and disappointment that may not be resolved like Japan's, Nobel economist Paul Krugman says
▼ + stars: | 2024-01-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's economy is headed for an era of stagnation and disappointment, Nobel laureate Paul Krugman wrote. The country's economic model has been unsustainable for years, given ultra-low consumer spending. "Let's not gloat about China's economic stumble, which may become everyone's problem." AdvertisementBut even under better stewardship, China's economic approach has been unsustainable for years and was set to break down eventually. "Let's not gloat about China's economic stumble, which may become everyone's problem."

Persons: Nobel, Paul Krugman, —, Krugman, Xi, That's Organizations: Service, New York Times Locations: China, Japan, Tokyo, Beijing

☆ Sports Illustrated lays off most, possibly all, of its staff
▼ + stars: | 2024-01-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —The future of Sports Illustrated was uncertain Friday after the publisher of the iconic magazine and website laid off most or “probably all” of its guild-represented staff, its union said. In a memo sent to staff viewed by CNN, the magazine’s publisher said it is “laying off staff that work on the SI brand.”Authentic Brands Group has owned the magazine and website since 2019. “This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship,” the union said in a statement on X. The union said it expects the Arena Group to honor its union contract and for all of its employees to be treated fairly. Levinsohn was replaced, effective immediately, by interim chief executive Manoj Bhargava, the 5-Hour Energy founder who owns a majority stake in The Arena Group, said Vince Bodiford, a spokesperson for Bhargava.

Persons: ABG, Manoj Bhargava, Mitch Goldich, It’s, Ross Levinsohn, Levinsohn, Vince Bodiford, Bhargava, CNN’s Oliver Darcy, Liam Reilly Organizations: New, New York CNN, Sports, CNN, SI, Arena Group, Sports Illustrated, ”, Hour Energy, Group, The Locations: New York

In an email to employees Friday morning, the Arena Group, which operates Sports Illustrated and related properties, said that Authentic Brands Group has revoked its marketing license. “As a result of this license revocation, we will be laying off staff that work on the SI brand,” the email said. Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented. Less than a year later, Meredith sold the magazine's intellectual property to Authentic Brands Group for $110 million. Once a weekly publication, SI was reduced to biweekly publishing in 2018 and became a monthly in 2020.

Persons: Mitch Goldich, Ross Levinsohn, Meredith, ABG, Marilyn Monroe, Elvis Presley, Muhammad Ali, ___ Organizations: Sports, Arena Group, Authentic, Authentic Brands, SI, Group, Meredith Publishing, Time Inc, Reebok Locations: ABG

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