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☆ The stock market bubble has burst and investors betting on a rally are in denial, investment manager says
▼ + stars: | 2023-02-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The speculative era in stocks is over, and investors are in denial over the burst of the pandemic stock market bubble, Richard Bernstein Advisors said. The investment firm said liquidity in the market was shrinking faster than in 2000 and 2008, when the dot-com and the housing bubbles burst. Investors buying into the current rally are ignoring changing market conditions, the firm warned. "The stock market rally so far this year seems based largely on speculation rather than fundamentals," the investment management firm said note on Monday. "The speculative rally so far this year seems a perfect example of investors' denial of a changing economy," RBA warned.

☆ Premarket stocks: Why today's inflation report is so important
▼ + stars: | 2023-02-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data has shown that inflation is still hot, and that the economy is rip-roaring. On Thursday, JPMorgan Chase (JPM) CEO Jamie Dimon publicly expressed his doubt in the central bank’s ability to control inflation. This, in turn, can help make it easier for the central bank to achieve its inflation targets. Blackrock analysts wrote in a note Thursday that “we think we are going to be living with inflation. Watson was accused in a federal indictment of having “engaged in a scheme to defraud OZY’s investors, potential investors, potential acquirers, lenders and potential lenders.”The charges said that Watson committed the fraud “through material misrepresentations and omissions” about Ozy Media, including the company’s finances, investors, business partners, contracts, and potential acquisitions.

☆ Rockstar Energy Creator Asks $50 Million for Home He Bought Last Year. ‘It’s Never Been Slept In.’
▼ + stars: | 2023-02-23 | by ( Libertina Brandt | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Billionaire entrepreneur Russ Weiner is looking to part ways with a ski home in Park City, Utah, that he bought last year. It is listed for $50 million.

☆ Domino's stock tumbles 10% as delivery problems persist
▼ + stars: | 2023-02-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

“We experienced significant pressure on our U.S. delivery business in 2022,” CEO Russell Weiner wrote in a statement discussing financial results Thursday. Domino's said its delivery business struggled last year. “Every day, delivery customers will be deciding where to spend their hard-earned dollars. And it raised the price of its “mix and match” deal for delivery orders, but not carryout. And while staffing has improved somewhat, “there is more work to do on staffing that part of the business,” Weiner said of delivery.

☆ Domino's and Papa John's shares sink after pizza chains deliver soft sales, outlook
▼ + stars: | 2023-02-23 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Domino's Pizza and Papa John's both fell in pre-market trading after reporting mixed earnings on Thursday morning. Domino's missed analyst estimates on U.S. same-store sales and total revenue for the quarter. Domino's reported wavering demand amid a national driver shortage. U.S. company-owned stores reported revenues of $117 million, falling short of StreetAcount estimates of $129.3 million. This month, Domino's launched loaded potato tots with three flavors, which some analysts think could raise sales.

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Feb 15 (Reuters) - Emergent BioSolutions Inc's (EBS.N) over-the-counter version of opioid overdose reversing drug received unanimous support from U.S. Food and Drug Administration's panel of advisers, sending shares of the contract drugmaker up nearly 16% after market. The vote puts the naloxone-based treatment Narcan on track to potentially become the first opioid overdose drug to be sold OTC nationwide. Naloxone rapidly reverses or blocks the effects of an overdose, restoring normal respiration. However, most panelists emphasized that OTC use of the nasal spray was safe and proposed ways to improve its labeling, to avoid using the drug wrong. Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020.

☆ Domino's CEO: We sold around 2 million pizzas during Super Bowl Sunday
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomino's CEO: We sold around 2 million pizzas during Super Bowl SundayRussell Weiner, Domino's CEO, joins 'Squawk Box' to discuss Domino's Super Bowl demand, the food inflation the pizza giant sees, and more.

☆ 8 people share how they use Facebook groups to score freebies and market their businesses
▼ + stars: | 2022-12-21 | by ( Sonah Lee-Lassiter | ) www.businessinsider.com time to read: +10 min

Users turn to these groups for career advice, upcycling belongings, parenting tips, and even to market their small businesses. Learning new thingsCassier Weiner is in more than 50 mostly hobby-based Facebook groups. Sarah Dahan, an online community strategist, said the root of a thriving community online and offline is maintaining a consistent value system. Facebook doing its partJonathan Twombly runs a real-estate business through his Facebook group "Multifamily Investment Community," which has about 12,000 members. "Facebook groups are very underutilized by people my age," Kim said.

☆ Nancy Pelosi condemns a reporter's question about whether she'll serve her full 2-year term: 'Such a waste of my time'
▼ + stars: | 2022-12-15 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

House Speaker Nancy Pelosi is stepping down from her leadership role at the end of the year. But she just won re-election to a full two-year term and has filed paperwork to run again in 2024. "Don't bother me with a question like that," she told a reporter who asked if she'll serve the full term. However, such paperwork is largely a formality and doesn't necessarily indicate whether she will ultimately decide to run again. Meanwhile, speculation continues to brew in San Francisco about who might succeed Pelosi when she does choose to exit Congress.

The estate of Jeffrey Epstein has agreed to pay the U.S. Virgin Islands more than $105 million to settle a lawsuit alleging that he used the territory as the base of an extensive sex trafficking operation. "We are sending a clear message that the Virgin Islands will not serve as a haven for human trafficking." The estate also agreed to pay $450,000 to repair environmental damage around Great Saint James, the other Epstein-owned island. Jeffrey Epstein's estate on Little Saint James in the U.S. Virgin Islands. Epstein bought Little Saint James, off St. Thomas, for $7.95 million in 1998, NBC News reported.

☆ Jeffrey Epstein estate settles Virgin Islands sex trafficking case for over $105 million
▼ + stars: | 2022-11-30 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

The estate of deceased sex offender Jeffrey Epstein and related entities agreed to pay the U.S. Virgin Islands more than $105 million as part of a settlement in a sex trafficking and child exploitation case, the territory's attorney general said Wednesday. "This settlement restores the faith of the People of the Virgin Islands that its laws will be enforced, without fear or favor, against those who break them," Virgin Islands Attorney General Denise George said in the press release. "We are sending a clear message that the Virgin Islands will not serve as a haven for human trafficking." The Virgin Islands brought civil claims against Epstein's estate in 2020 under a law similar to the federal RICO Act, which aims to combat organized crime. The announcement Wednesday evening noted that proceeds from the sale of Epstein's island will go toward a trust dedicated to funding efforts to help victims of sex trafficking and sexual abuse.

Companies U.S. Virgin Islands FollowNEW YORK, Nov 30 (Reuters) - Jeffrey Epstein's estate has reached a nine-figure settlement with the U.S. Virgin Islands to settle claims the disgraced late financier used the territory as a base for his decades-long sex-trafficking operation. George also said Epstein bought the nearby Great St. James in 2016 to keep people from monitoring him and victims from escaping there. Epstein had also been accused of sexual abuse at his homes in Manhattan, New Mexico and Palm Beach, Florida. His former associate Ghislaine Maxwell is appealing her conviction and 20-year prison sentence for enabling Epstein's abuse of girls. The government's share of Little St. James sale proceeds will go toward counseling and other services for sexual abuse victims.

☆ Your next Domino's delivery may arrive in a GM Chevy Bolt as pizza chain pushes EVs nationally
▼ + stars: | 2022-11-26 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Domino's will roll out 800 custom-branded 2023 Chevy Bolt electric vehicles at locations across the U.S. in the coming months. "Domino's was founded in 1960 as a delivery company, and we go to bed every night and wake up every morning saying 'how can we get better?'" "This is a way we can get better; better service for our customers and better for the environment." The adoption of this fleet of EVs is not the first time Domino's has looked to optimize how pizza is delivered. Other start-ups, such as Refraction AI, have been testing autonomous vehicles suited for pizza delivery.

☆ Penguin Random House scraps $2.2 bln deal to merge with Simon & Schuster
▼ + stars: | 2022-11-21 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

REUTERS/Stefan Wermuth/File PhotoWASHINGTON, Nov 21 (Reuters) - Penguin Random House, the world's largest book publisher, and rival Simon & Schuster have scrapped a $2.2 billion deal to merge, Penguin owner Bertelsmann (BTGGg.F) said in a statement. But Bertelsmann said in a statement on Monday that it "will advance the growth of its global book publishing business without the previously planned merger of Penguin Random House and Simon & Schuster." Paramount said on Monday that Simon & Schuster was a "non-core asset" to Paramount. Penguin writers include cookbook author Ina Garten and novelists Zadie Smith and Danielle Steele, while Simon & Schuster publishes Stephen King, Jennifer Weiner and Hillary Rodham Clinton, among others. The top five publishers are Penguin Random House, HarperCollins, Macmillan, Simon & Schuster and Hachette, with Walt Disney Co (DIS.N) and Amazon.com Inc (AMZN.O) also in the market.

☆ What Cramer is watching Monday — Iger back at Disney, Amazon holiday forecast, Domino's EV fleet
▼ + stars: | 2022-11-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

What I am looking at Monday, Nov. 21, 2022 Disney (DIS): Bob Chapek out as CEO; former CEO Bob Iger back in the top job. Jefferies cuts price target to $240 per share from $250. Citi raises price target on Foot Locker (FL) to $38 per share from $33, benefitting from Nike 's (NKE) inventory. KeyBanc likes Timken (TKR), bearings and power transmission products maker, raises price target to $88 per share from $75; and keeps overweight (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

The top five U.S. publishers are Penguin, HarperCollins, Macmillan, Simon & Schuster and Hachette. Following a collapse of the deal, Paramount will be free to explore a sale of Simon & Schuster anew. Previously known as ViacomCBS, Paramount had inked the Penguin deal so it could focus on its video and streaming businesses. HarperCollins, which is controlled by News Corp (NWSA.O), and Lagardere SCA's (LAGA.PA) Hachette Book Group have previously expressed interest publicly in buying Simon & Schuster. HarperCollins also unsuccessfully bid for Simon & Schuster when it was put up for sale by Paramount in early 2020.

☆ How an early investor in StockX and The Athletic built a sports VC firm and got the Cavs owner to back him
▼ + stars: | 2022-11-17 | by ( Colin Salao | ) www.businessinsider.com time to read: +6 min

Vasu Kulkarni is the founder and CEO of Courtside VC, a venture firm focused on sports. His company was one of the early investors of StockX and The Athletic, but "missed" on Overtime. Kulkarni built Courtside VC to help sports startup founders like himAs Krossover grew into a multimillion-dollar company, Kulkarni began to realize the opportunity to invest in other sports-related startups. But Courtside VC has hit on enough startups to raise another $55 million in 2019. Courtside VC has invested in focusing on youth sports, fitness and wellness, esports, sneaker culture, and real-money gaming.

A recent multimillion-dollar transaction could show how Trump might get around that restriction. Many U.S. election law experts expect that MAGA Inc will spend money to support Trump's 2024 campaign, which he officially kicked off on Tuesday. "That's a gray area in the law that they might try to exploit," said Weiner, a former lawyer at the Federal Election Commission. If the FEC doesn't act on the Campaign Legal Center's request for a probe, the group could ask a judge to order the regulator to launch an investigation. A deadlock could lead to further court cases, potentially running out the clock before the 2024 election.

☆ Donald Trump may have had a bad week with US voters, but Republicans in Israel still love the former president
▼ + stars: | 2022-11-13 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +8 min

Insider met with Republicans Overseas in Israel to discuss Donald Trump's popularity in the country. It's named in honor of former President Donald Trump, a figure who is generally beloved in the country. Trump Square's modest sign reads: "The USA's 45th president and the first to acknowledge Jerusalem as the capital of Israel." Joshua Zitser/Insider"Israel never had a president who is as supportive and helpful as US President Donald Trump," Rami Greenberg, the mayor of Petah Tikva, at the unveiling of Trump Square in 2019. A 2018 University of Maryland poll of 650 Israeli Jewish people found that 73% of those surveyed supported moving the embassy.

Proposition 26, which sought to bring point spreads to Native American casinos, was being rejected by 70.1% to 29.9%, tallies showed Wednesday night. Meanwhile, Proposition 27, the measure that sought to legalize online sports betting, was going down to even greater defeat by 83.3% to 16.7%. Proposition 26 garnered $120.7 million in donor support and $43.8 million in opposition efforts, according to the California secretary of state's contribution records. Meanwhile, Proposition 27 drew $169.5 million in support and $237.8 million in opposition. Proposition 27's backers didn't strongly oppose Proposition 26, whose backers aggressively fought the former measure in hopes of bringing Native American casinos a near-monopoly in sports betting.

☆ Most Americans want to 'age in place' at home. Here's how to plan your support systems
▼ + stars: | 2022-11-09 | by ( Deborah Nason | ) www.cnbc.com time to read: +3 min

Retirement-focused financial advisors can help with both the financial and non-financial preparations to do so. "I saw my clients struggling [with this issue] and I wanted to help them think about the process of aging." Sandy Adams partner with the Center for Financial PlanningWhen should people start this kind of planning? "None of us knows when that event might happen that will cause us to suddenly need help." Black, CFP and partner at Bridgeworth Financial Management in Birmingham, Alabama.

WASHINGTON, Nov 7 (Reuters) - A U.S. judge cited negative impacts on top-selling authors in blocking a planned $2.2 billion merger of Penguin Random House, the world's largest book publisher, and rival Simon & Schuster, according to a written opinion released Monday. Penguin is owned by German media group Bertelsmann SE & Co (BTGGg.F) while Paramount Global (PARA.O) owns Simon & Schuster. Pan said those best-selling authors "have fewer outlets that can satisfy their requirements, and therefore are vulnerable to anticompetitive behavior." Penguin writers include cookbook author Ina Garten and novelists Zadie Smith and Danielle Steele, while Simon & Schuster publishes Stephen King, Jennifer Weiner and Hillary Rodham Clinton, among others. The top five publishers are Penguin Random House, HarperCollins, Macmillan, Simon & Schuster and Hachette, with Walt Disney Co (DIS.N) and Amazon.com Inc (AMZN.O) also in the market.

☆ This individual retirement account deduction mistake may derail your tax break
▼ + stars: | 2022-11-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As the year-end approaches, you may be looking for ways to lower your 2022 tax bill — and certain tax-saving moves have rules you must follow in order to qualify. One option, adding money to your pretax individual retirement account, may be attractive if you make too much for Roth IRA deposits, and want to lower your adjusted gross income. For 2022, you can save up to $6,000 or $7,000 if you're 50 or older, as long as you've made at least that much from a job or self-employment. "Anyone can contribute to a traditional IRA — you, me, Jeff Bezos," said certified financial planner Howard Pressman, partner at Egan, Berger & Weiner in Vienna, Virginia. But the ability to write off IRA contributions depends on two factors: participation in workplace retirement plans and income, he said.

A Delta Air Lines flight from Atlanta to Los Angeles was forced to make an emergency landing in Albuquerque on Tuesday after the plane's cabin appeared to fill with smoke, the airline said. Delta Flight 2846 was enroute to Los Angeles International Airport from Hartsfield-Jackson Atlanta International Airport when what a Delta spokesperson described as a smoky odor started to fill the cabin. Smoke fills the cabin of Delta flight 2846 from Atlanta to Los Angeles on Nov. 1, 2022. He said he and other passengers were waiting for a new plane to arrive to transport them to Los Angeles. “That’s why our flight crew followed procedures to safely divert today’s flight 2846 to Albuquerque," the Delta spokesperson said, apologizing for the delay to passengers' travel plans.

WASHINGTON, Oct 31 (Reuters) - A planned $2.2 billion merger of Penguin Random House, the world's largest book publisher, and rival Simon & Schuster cannot go forward, a U.S. judge ruled on Monday. Unlike most merger fights, which are focused on what consumers pay, this one focused on authors' earnings. Penguin writers include cookbook author Ina Garten and novelists Zadie Smith and Danielle Steele, while Simon & Schuster publishes Stephen King, Jennifer Weiner and Hillary Rodham Clinton, among others. Penguin is owned by German media group Bertelsmann SE & Co (BTGGg.F) while Paramount Global (PARA.O) owns Simon & Schuster. The top five publishers are Penguin Random House, HarperCollins, Macmillan, Simon & Schuster and Hachette, with Walt Disney Co (DIS.N) and Amazon.com Inc (AMZN.O) also in the market.

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