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Hulu As part of Disney's future streaming business, Hulu is expected to be a strategic asset. "I don't think that Bob's going to get out of paying very little for Hulu," Jim said, which could lead to further pressure on the entertainment giant's balance sheet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Disney CEO Bob Iger speaking with CNBC's David Faber at the Allen&Co.
Persons: Walt Disney, Bob Iger's, , Jim Cramer, Bob, Jim, Bob Iger —, Iger, Bob Chapek, ESPN Iger, Ron DeSantis, DeSantis, Iger's, Jim Cramer's, Bob Iger, CNBC's David Faber, David A Organizations: Disney, CNBC, Sun, ESPN, Apple, Apple Vision, Hulu, Comcast, Parks, Flordia, Netflix, Disney Entertainment, Allen, Grogan Locations: Idaho, Wells Fargo, Hulu, Florida, Sun Valley , Idaho
Weeks after an armed uprising by the Russian mercenary group Wagner revealed cracks in Russia’s system of one-man rule, the Kremlin has been on a PR offensive. “Wagner PMC does not exist,” Putin said when asked if Wagner would be kept on as a fighting unit. Roman Romokhov/AFP/Getty ImagesTensions between Wagner and the Kremlin boiled over in recent weeks, with Putin alleging that the paramilitary group "does not exist." So what is Putin’s aim in floating this account of a meeting with Prigozhin and Wagner commanders? “No, the guys do not agree with this decision,” the Wagner leader said, according to Putin.
Persons: Wagner, Weeks, Vladimir Putin, Putin, Yevgeny Prigozhin, “ Wagner, ” Putin, , State Duma —, , “ It’s, ” Wagner, Romokhov, Putin winkingly, “ We’ve, , Prigozhin, Internet Research Agency —, Russia —, “ I’ve, ” Prigozhin, Prigozhin’s, Organizations: CNN, Kommersant, “ Wagner PMC, State Duma, PMCs, Getty, Kremlin, TV, Internet Research Agency, Locations: Russian, Moscow, Rostov, Russia, AFP, Ukraine, Ukrainian, Bakhmut, Donbas, St . Petersburg, Prigozhin
CNN —Markéta Vondroušová reached her first Wimbledon final after a scintillating performance against Ukrainian Elina Svitolina, winning 6-3 6-3 in just an hour and 14 minutes. The 24-year-old Czech star is the first unseeded woman in the Open Era to reach the Wimbledon final and her exquisitely varied game was too much for Svitolina to handle. It was an inspired performance from Vondroušová, who rose to the occasion on Centre Court and got the better of her opponent with a potent mix of speed, spin and power to reach the second grand slam final of her career. Adrian Dennis/AFP/Getty ImagesAfter reaching the French Open final in 2019 as a 20-year-old, Vondroušová looked set to become a force at the top of the women’s game. After trailing 4-0 in the second set, Svitolina showed all the resiliency and grit that has been on display during her incredible run in SW19 to break Vondroušová back twice and make it 4-3.
Persons: Markéta Vondroušová, Elina Svitolina, I’m, Elina, ” Vondroušová, , ” Elina Svitolina, Adrian Dennis, Vondroušová, she’s, Svitolina, Venus Williams, Skaï Monfils, – Venus Williams, Sofia Kenin, Victoria Azarenka, Iga, Markéta, Adam Davy Organizations: CNN, Wimbledon, Court, Getty, Press Association, Lawn Tennis Club Locations: Vondroušová, SW19, Ukrainian, AFP, Czech
Alex Evans moved from Jacksonville, Florida, to Mukaishima Island, Japan, in June 2022. I'm not in Hiroshima City, I'm in an island city, so the prices in Hiroshima City would be very different. We sold that house about a year before moving to Japan and rented for a year because it felt easier. Expenses for my family are significantly cheaper in JapanI ride my bike to a lot of places, but we do own a car. I feel a lot safer hereMy initial reason for moving was for family reasons, but pretty quickly after getting here, I had a lot of other reasons.
Persons: Alex Evans, He's, Evans, I'm, — it's, I've Organizations: Service, Nashville Locations: Jacksonville , Florida, Japan, Wall, Silicon, Mukaishima, Hiroshima City, Mocksville , North Carolina, Winston, Salem, Chapel Hill, South Carolina, Hawaii, Maui, Jacksonville, Hiroshima, I'm
TD Cowen has joined the bullish majority on Meta with just half of the social media company's "Year of Efficiency" in the rearview mirror. Analyst John Blackledge upgraded the Facebook parent's stock to outperform from market perform and raised his price target to $345 from $220. META 5Y mountain Meta shares over the last five years Blackledge said Wall Street will likely need to raise estimates, pointing to potential monetization growth in Reels. A Cowen survey shows Reels has grown engagement and helped raised overall time spent on Instagram. Cowen raised revenue and earnings estimates by 8% and 7%, respectively, on average over the next five years and is above consensus estimates for both second quarter and full-year earnings.
Persons: TD Cowen, John Blackledge, mgmt, Blackledge, Cowen, Mark Zuckerberg, — CNBC's Michael Bloom Organizations: Meta, Facebook, Instagram, Twitter Locations: Wednesday's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on linear TV: Disruptive forces are greater than I thoughtCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of linear TV business, and whether he may look to spin off the business.
Persons: Bob Iger, CNBC's David Faber Organizations: Disney Locations: Sun Valley , Idaho
My Unlikely Writing Teacher: Pedro Martinez
  + stars: | 2023-07-11 | by ( Will Harrison | ) www.nytimes.com   time to read: +3 min
Socked in during Covid lockdown, I became increasingly obsessed with archival footage of “actual human life,” so I scoured the internet for any videos I could find of Pedro Martinez, my favorite baseball player, in action. Contemporary viewers can see what I would argue is not merely a baseball game but a novel, an opera, a lyric masterpiece. Fastball, curveball, changeup. Normal sentence, long sentence, short sentence. Straight declarative sentence, periodic sentence, sentence fragment.
Persons: Pedro Martinez, I’d, Virginia Woolf, Dalloway, , ” I’m, Martinez, , Chuck Knoblauch’s, ” Woolf, Lucy, Chili Davis, Gerald Williams Organizations: Boston Red Sox, Yankees, Yankee, Tampa Bay Devil Rays Locations: New York, Tampa
Los Angeles CNN —California has spent a stunning $17.5 billion trying to combat homelessness over just four years. “The problem would be so much worse, absent these interventions,” Jason Elliott, senior adviser on homelessness to Gov. David Swanson/AFP/Getty ImagesThe admittedly reductive math would leave nearly $4 billion for services like mental health treatment. Still, tackling mental health issues among the unhoused is a major plank in the Newsom administration’s effort. “One of the surprising things was how optimistic people were that relatively small amounts of money would have prevented their homelessness,” Kushel said of the people surveyed.
Persons: Jason Elliott, Gavin Newsom, , Elliott, , David Swanson, we’ve, “ It’s, CNN Cristina Smith, Dr, Margot Kushel, ” Kushel, Newsom, Karen Bass, Sam Liccardo, Dai Sugano, There’s, Kushel, Rather, “ We’ve, ” Elliott, molesters, gosh, Bass, “ They’re Organizations: Los Angeles CNN, Gov, CNN, Getty, Democrats, KCBS, , UCSF Center, California Gov, San Jose, Area, AP Locations: Los Angeles CNN — California, California, AFP, Los Angeles, America, San Jose, Angeles, LA, , Golden State
I don’t know if anyone has ever clocked whether Tom Cruise is faster than a speeding bullet. He racks up more miles in “Mission: Impossible — Dead Reckoning Part One,” the seventh entry in a 27-year-old franchise that repeatedly affirms a movie truism. That is, there are few sights more cinematic than a human being outracing danger and even death onscreen — it’s the ultimate wish fulfillment! Once again, he plays Ethan Hunt, the leader of a hush-hush American spy agency, the Impossible Mission Force. The whole thing is complicated, as these stories tend to be, with stakes as catastrophic as recent news headlines have trumpeted.
Persons: Tom Cruise, , Ethan Hunt, Rebecca Ferguson, Vanessa Kirby, handymen, Simon Pegg, Ving, Ethan, , that’s, Hunt, Harley Quinn, Rome —, Wade Eastwood, Grace, Hayley Atwell Organizations: Mission Force Locations: , Paris, Rome
JPMorgan Chase — The Wall Street heavyweight added 1.2% in premarket trading after an upgrade from Jefferies to buy from hold on Tuesday. U.S. Bancorp — Shares of the Minnesota-based bank gained 2.2% following an upgrade to buy from neutral by Bank of America. 3M — Shares rose nearly 2% in premarket trading following an upgrade to neutral from underperform by Bank of America. Shares of Zions fell 1.5% in premarket trading, while Truist's were down 1%. The biotech company on Monday said the pricing of its underwritten public offering, of 20 million shares of common stock, would be at $7.50 per share.
Persons: New York John F, Piper Sandler, Thomas Champion, JPMorgan Chase, Ebrahim Poonawala, Wells Fargo, Jefferies, Truist's, Iovance Biotherapeutics, , Jesse Pound, Alex Harring, Samantha Subin, Brian Evans, Sarah Min, Michael Bloom Organizations: JetBlue Airways Airbus, New York, Kennedy International Airport, JetBlue Airways — JetBlue Airways, JPMorgan, Wall, Jefferies, U.S . Bancorp, Bank of America, Bancorp, Amazon Web Services, Prime, Zions Bancorp Locations: New, USA, U.S, Minnesota, underperform
[1/2] E. Jean Carroll reacts as she exits the Manhattan Federal Court following the verdict in the civil rape accusation case against former U.S. President Donald Trump, in New York City, U.S., May 9, 2023. Lawyers for Carroll, 79, also accused Trump of springing his counterclaim too late, to "hold up yet again this otherwise trial-ready, much-delayed case." Trump has appealed the $5 million verdict. A Jan. 15, 2024 trial is scheduled before U.S. District Judge Lewis Kaplan, who handled the earlier trial. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No.
Persons: Jean Carroll, Donald Trump, Brendan McDermid, Trump's, Roberta Kaplan, Carroll, Trump, Carroll's, District Judge Lewis Kaplan, Jonathan Stempel, Howard Goller Organizations: U.S, REUTERS, Elle, CNN, District, Carroll, Trump, Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, Southern District, Southern District of New York, New York
Brewer said her Grand Canyon tours stood out because she'd drive guests from Phoenix to the national park in her van. Her Grand Canyon day tour has 666 reviews and an average rating of 4.97, while her tour of Antelope Canyon has 103 five-star reviews. Brewer started tours based on her own knowledge of the area, then picked up extra tidbits from speaking to park rangers and listening to the local radio station every day. Brewer doesn't ask people to leave reviews to avoid being "pushy," but she sometimes mentions her Instagram if it comes up in conversation. "The people that are going to leave reviews are people that are inspired on their own to leave a review," she said.
Persons: Naala Brewer, Brewer, Greg McQuaid, McQuaid, he'd, I'd, It's, Brewer doesn't, cohosts Organizations: Airbnb's, Bay Area, California Gold Rush, PayPal Locations: Airbnb, Arizona, Phoenix, Lechee , Arizona, San Francisco, Bay
Last week, Meta launched its latest social media venture, a Twitter alternative called Threads. For social media start-ups, attracting an audience is crucial to scaling a new product — but it can be near impossible to lure loyal users away from other platforms. New Threads accounts can easily migrate their information from Instagram, sharing their account data and username between the platforms. They have this pattern now of either launching or creating spin-off social media networks based on what's most popular at the time, then do it under their brand," Caraballo said. "It just is so dystopian to have one single person basically who oversees the entirety of all social media, at least in the Western world," Caraballo told Insider.
Persons: Mark Zuckerberg, Alexis Ohanian, Ohanian, , Instagram, Sarah Oh, we've, Adam Mosseri, Alex Heath, Elon, Alejandra Caraballo, Harvard Law School's, Caraballo, WhatsApp —, Elon Musk, Meta Organizations: Meta, CBS, Boston Herald, Twitter, Harvard Law, Facebook, Federal Trade Commission Locations: Instagram
European shares slip as China data sparks disinflation concerns
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +1 min
July 10 (Reuters) - European shares slipped on Monday after logging big weekly losses as weak inflation numbers from China stoked concerns about sluggish demand, while investors awaited U.S. inflation data as well as corporate earnings due later this week. The pan-European STOXX 600 index (.STOXX) dipped 0.3% by 0720 GMT, with China-exposed miners (.SXPP) and automakers (.SXAP) leading the losses. The benchmark STOXX 600 posted its worst week in almost four months on Friday after hawkish messages from central bank policymakers and resilient U.S. economic data fuelled concerns that interest rates will remain elevated for longer. Kering (PRTP.PA) slipped 0.3% after the Financial Times reported that the owner of Gucci paid 3.5 billion euros ($3.83 billion) for acquiring high-end French fragrance label Creed in June. Reporting by Matteo Allievi in Gdansk and Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Gucci, Matteo Allievi, Sruthi Shankar, Sherry Jacob, Phillips Organizations: Bayer, Financial Times, Thomson Locations: China, Gdansk, Bengaluru
Bayer crop spinoff would be tricky but bountiful
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 10 (Reuters Breakingviews) - Bayer’s (BAYGn.DE) new CEO may be considering some valuable crop rotation. The 49 billion euro seed-to-drug maker’s shares rallied 3% on Monday after a Friday report by German news service Platow Brief said the company may spin off its troubled crop science division. The crop science division was born of Bayer’s disastrous takeover of Monsanto in 2018, and the German conglomerate is still grappling with lawsuits alleging that its weedkiller caused cancer. If it offloads the crop science division, Bayer could indemnify the new owners against the cost of future litigation up to a certain point. Currently, the crop science division throws off a lot of the combined company’s cash.
Persons: maker’s, Bill Anderson, Bayer, Anderson, Aimee Donnellan, Liam Proud, Pranav Kiran Organizations: Reuters, Monsanto, Twitter, Thames, Thomson Locations: China
Welcome to the weird, through-the-looking-glass world of Vladimir Putin’s Russia, where everything is its opposite and almost nothing is what it seems. That may hold as well for the still-murky fate of last month’s mutineer, Yevgeny Prigozhin, head of the Wagner group. Daniel TreismanWorse yet for the Kremlin, Prigozhin’s claim — coming from a diehard nationalist — will seem quite believable to many Russians. In this looking-glass world, the president has no time for politics. After the war started, Navalny offered a 15-point program for ending it and rebuilding a democratic Russia.
Persons: Daniel Treisman, , , Vladimir Putin’s, mutineer, Yevgeny Prigozhin, Wagner, Alexander Lukashenko, Dmitry Peskov, Peskov, Prigozhin, Putin, Alexey Navalny, Alexander Zemlianichenko, Orwell, Vladimir Kara, Murza, Emmanuel Macron, Navalny, Angela Merkel Organizations: University of California, CNN, Russian Federal Penitentiary Service, Russian, Putin, Kremlin, Twitter, Facebook Locations: Los Angeles, Moscow, Belarus, Vladimir Putin’s Russia, Belarusian, Minsk, St . Petersburg, Kremlin, Russian, Melekhovo, Vladimir, Russia, Kara, Rostov, Sochi, Ukraine, Dagestan, Crimea,
Looking for a free F1 live stream? Usually, all the free F1 live streams are found in Austria, Belgium, and so on. And they're still on this week, of course, but the UK's Channel 4 is keeping up the fine tradition of showing the British F1 live stream for free. Where to Watch a free British F1 live streamAs mentioned above, the UK, Belgium, Luxembourg, and Austria have free F1 live streams for the British GP today. How to watch the British F1 live stream with a VPNSign up for a VPN if you don't have one.
Persons: ExpressVPN Organizations: Sky Sports, RTL, US ESPN, ESPN Locations: Austria, Belgium, British, Luxembourg, TV's
Concert season is so weird right now
  + stars: | 2023-07-08 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +5 min
Which “hurls” us into this week’s newsletter…Something to sip on…Pink performs on stage during a concert in Vienna, on July 1. ALEX HALADA/AFP via Getty Images“No home training.” – That’s what my late grandmother would have said about people who are throwing things at artists during concerts these days. Because clearly, if you are throwing things during a concert, you want to be a part of the performance. The married couple have a new weekly podcast, “The Best Podcast Ever.” Part of iHeartMedia’s Outspoken series, the project aims to amplify voices throughout the LGBTQ+ community. “The Best Podcast Ever” debuts July 10.
Persons: Pink, ALEX HALADA, , Lil Nas, Bebe Rexha, wilding, You’re, Tik tok, don’t, Charlie Puth, Adele, … Harrison Ford, Indiana Jones, That’s, ” “ Oppenheimer, Barbie ”, “ Barbie, Miranda Maday, Valerie Macon, Symoné, Miranda Pearman, , Count, … Andrew Ridgeley, George Michael, Wham, Andrew Ridgeley, It’s, Michael Organizations: CNN, Getty, Lucasfilm, BEST, Netflix, Wembley Locations: Vienna, AFP, Stockholm, New York City, Vegas, Beverly Hills, China, England
Yet almost every single one of those new AI writing tools that are "better" than ChatGPT? I looked into fourpopular AI writing tools and found that they're all actually worse than ChatGPT. Here's the list of overhyped, expensive AI writing tools I recommend avoiding. Jenni.aiJenni AI, which I've reviewed in full, is an AI writing tool that promises to supercharge your content creation with high-quality content. From generating titles, outlines, or fully-fleshed-out blog posts, ChatGPT was as good as, or better, than any AI tools I've tested.
Persons: Zulie Rane, Rane, Jenni.ai, Jenni.ai Jenni, I've, Jenni, Zulie Rane Jenni, It's, Zulie Rane It's, Rytr, ChatGPT Organizations: Morning, Google
CNN —Apple Original Films has unveiled details of Oscar winner Brad Pitt’s eagerly awaited Formula 1 feature film, as crews begin filming scenes with the actor at Silverstone, where Sunday’s British Grand Prix is being staged. The movie is being made in collaboration with F1, and stars Pitt as a former driver returning to the sport with fictional team APXGP, alongside “Snowfall” actor Damson Idris as his teammate. And what better place to film such a feature than Silverstone, famously the first circuit to ever host an F1 race in 1950. The fictional team will even have its own pit-stop at the track, and filming is due to take place amid this weekend’s British Grand Prix. The fictional team will even have a space on the grid at Silverstone.
Persons: CNN —, Oscar, Brad Pitt’s, Pitt, Damson Idris, Andrew Boyers, lister, Lewis Hamilton’s Mercedes, Joseph Kosinski, Jerry Bruckheimer, Chad Oman, , ” Hamilton, we’ve, Hamilton, “ Joe, , , Brad, hasn’t, he’s, Billy Beane, Organizations: CNN, Silverstone, Prix, Hollywood, UK’s PA Media, Pitt, Apollo Films, Hamilton, Oakland Locations: Towcester , Northamptonshire
RBI has not yet outlined its plan to supervisors at the European Central Bank (ECB), two people with knowledge of its dealings with the central bank said, making a spin-off unlikely by September. Furthermore, the approval of Russia's central bank, finance ministry and, in the event of a sale, even Russian President Vladimir Putin, will be needed before RBI acts. The ECB urged RBI not to pay a dividend this year because of its concerns over Russia, one of the people said. Austria's central bank and the ECB declined to comment. Another source said he has urged the U.S. not to pressure RBI.
Persons: Raiffeisen, Vladimir Putin, UniCredit, month's Wagner, Robert Holzmann, Christine Lagarde, Magnus Brunner, Brian Nelson, Francesco Canepa, John O'Donnell, Alexander Smith Organizations: Raiffeisen, Reuters, Austrian, European Central Bank, ECB, Treasury, Foreign Assets, OFAC, U.S, Thomson Locations: VIENNA, Russia, Austria, Moscow, U.S, Ukraine, Europe, Washington, Vienna, Soviet, Austrian, United States, Frankfurt
July 6 (Reuters) - Fidelity National Information Services (FIS.N) is selling a majority stake in its merchant business to private equity firm GTCR, the payments processor said on Thursday, in a deal that will fetch $11.7 billion. The company built its merchant business through a $43-billion purchase of Worldpay in 2019. As part of the deal, the private equity has committed an additional investment of up to $1.25 billion in Worldpay. Reuters had earlier this week reported that GTCR was in advanced talks for a majority stake in the merchant business. Charles Drucker, former CEO of Worldpay, will lead the merchant business after the spinoff, FIS said.
Persons: GTCR, Charles Drucker, Niket Nishant, Manya, Arun Koyyur Organizations: Fidelity National Information Services, FIS, GTCR, Reuters, Manya Saini, Thomson Locations: Worldpay, Bengaluru
New England biasNew Hampshire’s critics often point out the many ways it does not look like the rest of America. I have covered the New Hampshire primary, and I too found it charming. The clearest pattern is that New Hampshire prefers Democrats from nearby, regardless of their ideology or national appeal. The closest thing to a substantive counterargument from New Hampshire officials is that their state is a swing state, unlike South Carolina, which is solidly Republican. In a very close national election, New Hampshire might even determine the Electoral College result.
Persons: Biden, Barack Obama, Bill Clinton, Jimmy Carter, Clinton, , Bernie Sanders, John Kerry, Paul Tsongas, Michael Dukakis, Robert F, Kennedy Jr, Marianne Williamson, ” Ray Buckley Organizations: New, Democratic, New Hampshire, Biden, New Hampshire Democratic Party Locations: England, America, New, Greece, United States, Hampshire, New Hampshire, Massachusetts, Vermont, South Carolina
18 years ago, Jack Eckenrode entered in his first National Senior Games at age 77; now, at 95, he's taking yet another spin at the biennial event. The National Senior Games is the "largest multi-sport event in the world for seniors," according to the National Senior Games Association. This year's Senior Games will begin on July 7. In 2005, he and his first wife, Margaret, entered in the bike races when the Senior Games came to their city of Pittsburgh. The couple went on to participate in many Senior Games and traveled to cities like Louisville, Houston and Albuquerque.
Persons: Jack Eckenrode, It's, Margaret, Eckenrode Organizations: National Senior Games, Senior Games, National Senior Games Association, Games, CNBC Locations: Pittsburgh, Louisville, Houston, Albuquerque, Florida
LONDON, July 5 (Reuters) - Dismissal of this year's much-scorned equity market rally as the frothy preserve of a handful of AI-fuelled stocks may be both misleading and also one of its strengths. Or, put another way, if you remove the top 10 stocks, the other 490 would only have gained 4%. And an eye-popping 75% surge in the high-octane 10-stock FANG+TM index (.NYFANG) - mega cap U.S. digital and tech stocks including Apple, Microsoft, Nvidia and Tesla - underlines that. In short, they're hard to avoid unless you dodge either U.S.-listed companies or equity markets altogether. "While stock market investments may be risky in the short run, when viewed against inflation they have offered far more certainty in the long run," he told clients.
Persons: Russell, Andrew Lapthorne, Japan's, Germany's DAX, Italy's, Duncan Lamont, Lamont, Mike Dolan, Mark Potter Organizations: Nasdaq, Apple, Microsoft, Nvidia, Tesla, H1 Stock, Japan's Nikkei, MIB, McKinsey, Bank, Big Tech, Reuters, Twitter, Thomson Locations: Europe, Japan, U.S, United States
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