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☆ German museum employee swaps painting for fake and sells original to fund ‘luxury lifestyle’
▼ + stars: | 2023-09-29 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —A German museum employee swapped out a painting with a fake and then sold the original to buy luxury goods, including a Rolls Royce and expensive wristwatches, according to a Munich court. During that time, he stole “Das Märchen vom Froschkönig” (The Tale of the Frog Prince) by Franz von Stuck, replaced it with a fake and put the original up for auction. He lied to a Munich auction house, saying the painting had once belonged to his grandparents or great-grandparents. “Das Märchen vom Froschkönig” (The Tale of the Frog Prince) by Franz von Stuck. One of the works was sold via auction and the other was purchased directly by the auction house, netting him another 11,490 euros ($12,184).

Persons: ” “, ”, “ Das, Franz von Stuck, Eduard von Grützner, Franz von Defregger, “ Organizations: CNN, Royce, Deutsches Museum, Ketterer, ” Locations: Munich, Swiss

☆ I’m Nearly 87, but Don’t Call Me ‘Old Man’
▼ + stars: | 2023-09-23 | by ( Gerald Eskenazi | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 8a14aa75

☆ Mayor Eric Johnson: America’s Cities Need Republicans, and I’m Becoming One
▼ + stars: | 2023-09-22 | by ( Eric Johnson | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: americas, dallas - texas

☆ Do Young Adults Work Hard Enough? No, According to Their Parents
▼ + stars: | 2023-09-22 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ The Big Family Fight Is Over How to Work. ‘They Think I’m Insane.’
▼ + stars: | 2023-09-22 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ The Way Young Adults Work Is Driving Their Parents Crazy
▼ + stars: | 2023-09-22 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ It’s 5:01 and I’m Done: No One Wants to Schmooze After Work
▼ + stars: | 2023-09-13 | by ( Anne Marie Chaker | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ ‘Barbie’ Is Still Dominating the Summer. So Is the Soundtrack.
▼ + stars: | 2023-09-04 | by ( Natalia Barr | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Strategist discusses what markets are expecting from Jackson Hole symposium
▼ + stars: | 2023-08-22 | 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 EmailStrategist discusses what markets are expecting from Jackson Hole symposiumMabrouk Chetouane, head of global market strategy at Natixis IM, discusses the bond selloff and the outlook for interest rates in the United States ahead of the Federal Reserve's Jackson Hole meeting.

Persons: Jackson, Chetouane Organizations: Natixis, Federal Locations: United States

☆ Food tech company ENOUGH raises 40 million euros
▼ + stars: | 2023-08-20 | by ( Sudip Kar-Gupta | ) www.reuters.com time to read: +2 min

Other participants in the fund-raising for Britain- and Netherlands-based ENOUGH included existing investors such as AXA IM Alts (AXAF.PA) and the Olympic Investments company of the Onassis shipping family. "ENOUGH has made great strides in the past few years to launch our new factory in the Netherlands and scale up to work with customers across the UK and Europe," said CEO Jim Laird, a former chief executive of plant-based meat producer Quorn. Companies involved in producing alternative-sources of meat and protein say they are helping in the battle to protect the climate, since meat from a laboratory has less impact on the environment than traditional farming. Nevertheless, there are signs that consumers' demand for plant-based meat may be waning, with Beyond Meat cutting its annual revenue forecast earlier this month. ($1 = 0.9194 euro)Reporting by Sudip Kar-Gupta; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Alts, Onassis, Spencer, Jim Laird, Quorn, Sudip Kar, Kirsten Donovan Organizations: World Fund, CPT Capital AXA, Investments, Unilever, Food, CPT, Foods, Britain, AXA, Alts, Olympic Investments, Companies, Thomson Locations: BRUSSELS, Netherlands, Europe

LONDON, Aug 2 (Reuters) - The economic picture may not have to change much for the surprise element to disappear for markets - underlining the significance of this summer's sometimes grudging admissions of investment strategy missteps. SURPRISE, SURPRISEExceptional U.S. economic surprisesU.S. surprise gaps the widest in decades, excluding pandemicAlong with market moves themselves and skewed positioning monitors, the simplest take on the unpreparedness of investors can be seen in economic surprise indices. The global surprise index is close to zero, suggesting expectations for the world economy in aggregate are actually coming in on cue. And if that happens, it may just suck the oxygen from the stellar equity outperformance over bonds to date. If true, markets may find the going harder without that element of surprise.

Persons: What's, Schroders, Johanna Kyrklund, hasn't, Kyrklund, Chris Iggo, Mike Dolan Organizations: Federal, Nasdaq, Japan's Nikkei, U.S, Graphics, AXA IM Investment, Reuters, Twitter, Thomson Locations: Europe, Japan, China, U.S

☆ Zendaya pays tribute to Angus Cloud
▼ + stars: | 2023-08-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Zendaya posted a loving tribute Tuesday to her “Euphoria” co-star Angus Cloud. He was a rising star known for playing Fezco on the teen drama, opposite Zendaya, who plays Rue. She posted a photo of Cloud and shared her memories of him in a post on social media Tuesday. “Words are not enough to describe the infinite beauty that is Angus (Conor),” Zendaya wrote. For all of the boundless light, love and joy he always managed to give us.”“I’ll cherish every moment,” she concluded the caption on her post.

Persons: CNN — Zendaya, Angus Cloud, Cloud, Fezco, Zendaya, Angus, Conor, ” Zendaya, “ I’m, “, ”, ” Sydney Sweeney, “ Angus, could’ve Organizations: CNN

☆ ‘I’m a Psycho’—What ‘The Bear’ Says About the Work-Life Revolution
▼ + stars: | 2023-07-28 | by ( Jason Gay | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

CNN —Irish singer Sinéad O’Connor, who became as well known for her remarkable music as her personal struggles, has died, according to RTE, Ireland’s public broadcaster. 1 in 1990, buoyed by the music video which featured O’Connor, with close-cropped hair and a dark turtleneck. In recent years, O’Connor was open about her struggle with addiction and mental health, and detailed her experience in her 2021 memoir “Rememberings.”Irish singer Sinéad O'Connor performing in Dublin in 2003. Irish singer Sinéad O'Connor at her home in County Wicklow, Republic Of Ireland in 2012. “Really sorry to hear of the passing of Sinéad O’Connor,” Varadkar wrote on Twitter.

Persons: Sinéad O’Connor, Sinéad, ”, O’Connor, “, Sinéad O'Connor, Shane, ” O’Connor, she’d, “ couldn’t, Nua, Jake, John Reynolds, John Waters, Donal Lunny, Yeshua, Frank Bonadio, Andrew Dice Clay, Frank Sinatra, O’Connor’s, David Corio, Pope John Paul II, I’m, “ I’m, Barry Herridge, “ You’ve, We’re, ” Sinéad O'Connor, Andrew Chin, Magda Davitt, Shuhada ’ Davitt, Leo Varadkar, ” Varadkar Organizations: CNN, RTE, O’Connor, MTV, Boys, Getty, Independent, Republic Of Ireland, Argentina, Billboard, Entertainment, Facebook, “, Twitter Locations: Dublin, London, County Wicklow, Republic Of, Redferns, ”, dublin, wicklow, Irish, Chicago, Vancouver

Many investors think that will only happen if interest rates go to levels just too high for investors to pass up. "You wonder whether they have left it too late" said Mikhail Volodchenko at one of Europe's largest fund managers AXA IM. Reuters Graphics4/LOCAL PROBLEMSIn contrast to the dollar bonds, Turkey's 'local' lira-denominated bonds have had a shocker. Even if the lira is taken out of the equation the bonds are still down around 13% since Erdogan's election win. Reuters Graphics($1 = 0.8920 euros)Reporting by Marc Jones and Canan Sevgili Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Tayyip Erdogan, Erdogan, Mehmet Şimşek, Hafize Gaye Erkan, Mikhail Volodchenko, Enver Erkan, Yatirim, Treasuries, COVID, Wednesday Erdogan, Simon Lue, Fong, Vontobel, Turkey's, Jeff, Michael Metcalfe, Metcalfe, Marc Jones, Shri Navaratnam Organizations: LONDON, AXA, Reuters, JPMorgan EMBI Global, NATO, Investment, Wednesday, United Arab Emirates, JPMorgan GBI, Street Global Markets, Reuters Graphics, Thomson Locations: Central, Turkish, Nigeria, Argentina, Turkey, U.S, Arab, Swiss, Lira

☆ K-pop's biggest music label HYBE looks to lift language barrier with AI
▼ + stars: | 2023-07-19 | by ( Hyunsu Yim | ) www.reuters.com time to read: +4 min

The technology enabled HYBE (352820.KS), South Korea's largest music label, to release a track by singer MIDNATT in six languages – Korean, English, Spanish, Chinese, Japanese and Vietnamese in May. Native speakers read out the lyrics, and later the two were seamlessly combined with the help of HYBE's in-house AI music technology, Chung said. 'IMMERSIVE EXPERIENCE'MIDNATT said using AI had allowed him a "wider spectrum of artistic expressions." While the technology is not new, it is an innovative way to use AI in music, said Valerio Velardo, director of The Sound of AI, a Spain-based consulting service for AI music and audio. Not only professional musicians but also a wider population will benefit from AI music technology in the long term, Velardo said.

Persons: MIDNATT, Chung Wooyong, Lee Hyun, Chung, Kim Hong, Supertone, Choi Hee, HYBE, Valerio Velardo, Velardo, Choi Jin, Hyunsu Yim, Daewoung Kim, Hyun Young Yi, Josh Smith, Jamie Freed Organizations: Reuters, REUTERS, Neural, Supertone, The, Thomson Locations: SEOUL, Seoul, Korean, HYBE, South, South Korea, Spain

SAO PAULO, July 18 (Reuters) - An alternative investment vehicle controlled by French insurer AXA (AXAF.PA) said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak. Mombak, which is also backed by Bain Capital, will lead projects to reforest over 10,000 hectares of degraded pastureland, generating up to 6 million carbon credits. "We are building the largest carbon removal projects in the world," Mombak co-founder Peter Fernandez said in an interview. "The single largest opportunity that humanity has to do reforestation is in Brazil." "We would like to significantly scale up our deployment in Brazil and other Amazon basin countries."

Persons: Mombak, Peter Fernandez, Fernandez, Adam Gibbon, Gabriel Araujo, Brad Haynes, Josie Kao Organizations: SAO PAULO, AXA, AXA IM Alts, Bain Capital, Greenpeace, Reuters, Thomson Locations: Brazil

Bangkok CNN —Burger King is causing a stir in Thailand with its new offering: a burger with no meat and a jaw-dropping amount of cheese. This week, the Thai operator of the fast food chain introduced what it calls the “real cheeseburger,” a bun filled with as many as 20 slices of American cheese. This is for real,” Burger King said in a Sunday social media post. At one Burger King branch in Bangkok on Tuesday, a shift manager was overheard saying the outlet had to stop taking delivery orders so they could have enough stock left for walk-in diners. In Thailand, cheese is especially popular among young customers, and it is common for the dairy product to be sprinkled on all kinds of dishes.

Persons: Bangkok CNN — Burger, ” Burger King, CNN she’d, ”, angus, Alisa Chuengviroj, Burger Organizations: Bangkok CNN, Burger, CNN, Minor International, Dairy Locations: Bangkok, Thailand, Thai, United States

☆ Earnings season is upon us. What to look out for when major banks report Friday
▼ + stars: | 2023-07-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Wells Fargo (WFC) and Morgan Stanley (MS), our two financial holdings, will report quarterly numbers Friday and a week from Tuesday, respectively. All 23 institutions tested, including Wells Fargo and Morgan Stanley, passed the exercise that simulates a hypothetical severe global recession. Wells Fargo and Morgan Stanley announced increases in their capital returns to shareholders after clearing that regulatory hurdle. WFC YTD mountain Wells Fargo YTD performance Wells Fargo has a unique story among the major U.S. banks because of its multiyear restructuring plan. MS YTD mountain Morgan Stanley YTD performance When Morgan Stanley reports, net assets in its wealth management (WM) business will be a key metric.

Persons: Wells Fargo, Morgan Stanley, Christopher Whalen, Whalen, Banks, Wells, ROTCE, there's, Jim Cramer's, Jim Cramer, Jim, JPMorgan, Goldman Sachs Organizations: Federal, Silicon Valley Bank, Street, Street Journal, CNBC, Barclays, Investment, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: U.S, Silicon, SVB, Wells, Wells Fargo

☆ Expect more rate hikes from the Fed after the latest jobs report
▼ + stars: | 2023-07-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Job gains remain robust, wage growth is still going strong, and unemployment continues to hover near historic lows. That means the job market is still fueling demand in the economy, which the Fed has been trying to slow through rate hikes. Assessing the labor marketThe Fed wants to see the labor market slow down broadly, bringing it into “better balance,” as Powell has frequently described it. And there has been some progress on bringing the job market back into better balance while inflation has come down. “The focus is on the path of wage inflation because of its pass-through to services inflation,” said Sonia Meskin, head of US Macro at BNY Mellon IM.

Persons: Austan Goolsbee, “, ”, Lorie Logan, John Williams, Jerome Powell, Powell, Dave Gilbertson, Powell homed, Goolsbee, Gilbertson, Sonia Meskin, Joe Biden’s Organizations: DC CNN, Federal Reserve, Federal Reserve Bank of Chicago, Fed, Federal Reserve Bank, Dallas, Central Bank Research Association, ” Fed, New, ”, CNN, Labor, CNBC, BNY Mellon, Commerce Department Locations: Washington, New York, April’s

☆ Fact Check-Image of Joe Biden with three hands at podium is altered
▼ + stars: | 2023-06-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A third hand has been digitally added to an image of U.S. President Joe Biden standing at a podium. The screengrab was taken from the president’s address following Russia’s invasion of Ukraine in February 2022, where only two hands are visible. Alongside comments such as, “He is gone green screen im assuming,” the altered image shows Biden standing at a podium, with his two hands raised slightly above it, while a third hand can be seen pressed against the side of the podium. The circulating image also contains the text, “When you thought you’ve seen it all…” (here), (here) and (here). The original livestream shows the president slightly raising two hands above the podium.

Persons: Joe Biden, Biden, you’ve, Read Organizations: White, Reuters Locations: Ukraine

☆ Here’s where to invest $50,000 right now, according to the pros
▼ + stars: | 2023-06-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

So if you had $50,000 to invest, where should you put it and how much should you allocate to each asset class? He recommends the following: 35% to Invesco QQQ Trust Series 1 ETF; 25% to options trades; 15% to SPDR S & P 500 ETF; 15% to ProShares UltraPro Short QQQ ETF ; 5% to iShares Russell 2000 ETF ; and 5% cash. He added that he would look to cash in on artificial intelligence via the Invesco QQQ Trust Series 1 ETF. He broke down his 40% (or $20,000) stock allocation this way: $10,000 into U.S. stocks, $5,000 into Europe, and $5,000 into Asian emerging market stocks. Hedge against volatility Pannell, who would have a 15% hedge reserve for the ProShares UltraPro Short QQQ ETF, said investors need some downside coverage.

Persons: they're, Jay Hatfield, Ryan Pannell, ProShares, iShares Russell, Victor Kuoch, hasn't, Pannell, Wade Guenther, Treasurys Raymond Bridges, CNBC's Ganesh Rao Organizations: CNBC, Infrastructure Capital Advisors, Nvidia, Microsoft, Tech, —, Condors, Wilshire, Bridges Capital Locations: U.S . Federal, Asia, Pacific, Europe, U.S, Taiwan

☆ CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
▼ + stars: | 2023-06-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

It's not unusual for a company's stock price to soar — or sink — on news of a CEO shakeup. So, CEOs matter when picking stocks — and at the Club, these are the five things we look for when evaluating the leaders of our holdings. A stock's day-to-day and even month-to-month performance may not truly reflect how well a CEO is leading a company. Trust has value, and the stocks of companies led by reputable CEOs with competent management teams can trade at premium valuations. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Mary Dillon, Locker, J im Cramer, buybacks, Rainer Blair, —, Kevin Johnson, Marc Benioff, Mark Zuckerberg, Zuckerberg, we've, Bruce Broussard, Humana, Jeff Smith's, Craig Jelinek, who's, that's, Jelinek, it'd, Andy Jassy, Tim Cook, he's, Cook, Jim Cramer's, Dan Schulman, Sanjiv Lamba, Linde, Lamba, Eli Lilly, Dave Ricks, Eli Lilly's, Jim, Lilly, Jim Farley, Farley, Elon Musk's Tesla, Ford, LLY, Jim Cramer, Spencer Platt Organizations: Club, McKinsey & Co, Natural Resources, GE Life Sciences, SVB Securities, Starbucks, Humana, Bain & Co, Costco, CNBC, Apple, Amazon's, Football, MGM, Management, PayPal, Linde, LIN, Ford Motor, Wall, EV, Ford, The New York Stock Exchange, Financial, Getty Locations: U.S, Manhattan, New York City

☆ ‘I’m a Virgo’ Star Walton Goggins Grew Up Among a Family of Storytellers
▼ + stars: | 2023-06-20 | by ( Marc Myers | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: goggins

☆ Romanian prosecutors send Andrew Tate to trial for human trafficking
▼ + stars: | 2023-06-20 | by ( Luiza Ilie | Thomson Reuters | Bucharest-Based General News Reporter Covering A Wide Range Of Romanian Topics Elections | ) www.reuters.com time to read: +3 min

[1/2] Andrew Tate and Tristan Tate are escorted by police officers outside the headquarters of the Directorate for Investigating Organized Crime and Terrorism in Bucharest (DIICOT) after being detained for 24 hours, in Bucharest, Romania, December 29, 2022. Inquam Photos/Octav Ganea via REUTERS/File... Read moreBUCHAREST, June 20 (Reuters) - Romanian prosecutors sent social media influencer Andrew Tate, his brother Tristan and two other suspects to trial on Tuesday on charges of human trafficking, rape and forming a criminal gang to sexually exploit women. The brothers, former kickboxers who have U.S. and British nationality, are the highest profile suspects to be sent to trial for human trafficking in Romania. "Im sure this case has absolutely nothing to do with stealing my wealth," Andrew Tate said on his Twitter account. Prosecutors have said the Tate brothers recruited their victims by seducing them and falsely claiming to want a relationship or marriage.

Persons: Andrew Tate, Tristan Tate, Ganea, Read, Tristan, Tate, Prosecutors, cryptocurrency, Luiza Ilie, Jason Hovet, Alexandra Hudson, Angus MacSwan Organizations: Terrorism, REUTERS, Prosecutors, U.S . State Department, Thomson Locations: Bucharest, Romania, BUCHAREST

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