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☆ Starboard dusts off old plan at News Corp
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

A view of the signage outside the News Corporation building in New York, U.S., September 21, 2023. REUTERS/Bing Guan Acquire Licensing RightsNEW YORK, Oct 16 (Reuters Breakingviews) - Maybe it takes a pile on to move the Murdoch family’s thinking. Reuters reported on Friday that Jeff Smith’s Starboard is the latest activist to try and unlock value at News Corp (NWSA.O), the publisher of the Wall Street Journal, owner of book conglomerate HarperCollins and Realtor.com. Starboard, which took a position in the $13 billion company, is pushing for a spinoff of the real estate assets, according to the Wall Street Journal. Last year Irenic Capital Management agitated for the same transaction in reaction to the Murdochs’ desire to reunite News Corp with broadcasting company Fox (FOXA.O).

Persons: Bing Guan, Murdoch, Jeff Smith’s, pushback, Jennifer Saba, Jean, Pierre Mustier, Atos, Larry Fink, Uncle Sam, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: News Corporation, REUTERS, Reuters, News Corp, Wall Street Journal, HarperCollins, Wall Street, Capital Management, Fox, X, Thomson Locations: New York, U.S, Europe

☆ CNBC Daily Open: JPMorgan's big profit growth isn’t likely to persist
▼ + stars: | 2023-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

What you need to know todayThe bottom lineGoing into this earnings season, analysts feared big banks' income wouldn't hold up from the previous quarters. Net interest income, in particular, was higher than expected. interest rate on their savings, and charge borrowers a high interest rate, usually pegged to the federal funds rate. On the contrary, net interest income rose from a year ago at JPMorgan and Wells Fargo , and beat expectations at Citigroup . Dimon acknowledged that his bank's "over-earning" on net interest income, a benefit that will vanish eventually.

Persons: Michael Nagle, Wells, Jamie Dimon isn't, Dimon, Larry Fink, that's Organizations: JPMorgan Chase &, Bloomberg, Getty, CNBC, . Treasury, JPMorgan, Citigroup, Nasdaq, Dow Jones Industrial, University of Michigan's Locations: New York, Wells Fargo, Ukraine, Israel

☆ Treasury bond auctions have been ugly lately, and weak demand could be a 'canary in the coal mine'
▼ + stars: | 2023-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

A recent string of Treasury auctions has suffered from weak investor demand. But Ed Yardeni thinks yields are already at the right levels to start bringing back demand. AdvertisementAdvertisementA string of recent Treasury bond auctions saw a major slump in investor demand, and that could be a harbinger of a trend that sends yields higher, strategists said. But market veteran Ed Yardeni told Insider that bond yields could already be at the right levels to bring back demand. AdvertisementAdvertisementHe also noted that while the recent auctions didn't go well, bond yields didn't shoot to new highs.

Persons: Ed Yardeni, —, Bill Ackman, Larry Fink, Bill Gross, Yardeni, Penn Wharton Organizations: Securities, Service, Treasury Department, TD Securities, Treasury

The firm's results "underscore continued pressure on industry organic growth that may last longer than currently reflected in investors’ expectations amid higher-for-longer short-term rates," analysts at Goldman Sachs wrote in a report Friday. "While we are encouraged by the firm’s sharper focus on expenses, we expect (BlackRock's) near-term organic base fee growth to remain muted." Investors are likely waiting for yields to peak before making any significant changes in their asset allocation, BlackRock said. "The long-term trend of clients consolidating more of their portfolios with BlackRock is only accelerating, and underlying business momentum remains strong," Fink said. The New York-based company's chief source of revenue is the management fees it earns as a percentage of the total AUM.

Persons: Brendan McDermid, Larry Fink, Fink, Kyle Sanders, Edward Jones, Larry, Goldman Sachs, . Fink, Cathy Seifert, Jaiveer Singh, Devika Syamnath, Jonathan Oatis Organizations: BlackRock, New York Stock Exchange, REUTERS, Federal Reserve, Goldman, CNBC, Revenue, The, Thomson Locations: New York City, U.S, BlackRock, The New York, Bengaluru

☆ BlackRock posts surprise rise in profit, inflows drop
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 13 (Reuters) - BlackRock (BLK.N) handily beat third-quarter profit estimates on Friday but posted a sharp drop in net inflows, sending shares of the world's largest asset manager down 1% in premarket trade. A rise in investment advisory fees and BlackRock's assets under management (AUM) helped the company's adjusted profit of $10.91 per share breeze past analysts' estimates of $8.26, according to LSEG data. BlackRock ended the third quarter with $9.10 trillion in assets under management (AUM), up from $7.96 trillion a year earlier, but lower than $9.4 trillion in the second quarter this year. "The long-term trend of clients consolidating more of their portfolios with BlackRock is only accelerating, and underlying business momentum remains strong," Fink said. The New York-based company's chief source of revenue is the management fees it earns as a percentage of the total AUM.

Persons: Brendan McDermid, BLK.N, Larry Fink, Fink, Jaiveer Singh, Devika Organizations: BlackRock, New York Stock Exchange, REUTERS, Federal Reserve, Revenue, The, Securities and Exchange Commission, Thomson Locations: New York City, U.S, BlackRock, The New York, Bengaluru

☆ Watch CNBC's investment committee discuss BlackRock CEO Larry Fink's latest comments and more
▼ + stars: | 2023-10-13 | 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 EmailWatch CNBC's investment committee discuss BlackRock CEO Larry Fink's latest comments and moreBryn Talkington, Joe Terranova, Jim Lebenthal, and Steve Weiss join 'Halftime Report' to discuss the potential for a recession during the upcoming election year, Larry Fink's comments about inflation remaining stickier than expected, and data indicating consumer spending remains healthy.

Persons: Larry Fink's, Bryn Talkington, Joe Terranova, Jim Lebenthal, Steve Weiss Organizations: Watch, BlackRock

☆ Dollar General bets on old boss’s old magic
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Oct 13 (Reuters Breakingviews) - Dollar General (DG.N) is reaching back to happier days. In that time, shares plummeted 60%, compared to rival Dollar Tree’s (DLTR.O) gentler decline of roughly a fifth. Meanwhile, Dollar General has repeatedly missed analyst expectations as net profit margin fell from nearly 7% to estimates of 3% for this quarter, according to LSEG. Under his previous stint from 2015 until 2022, shares returned an annualized 19%, beating Dollar Tree, Walmart (WMT.N) and Big Lots (BIG.N). Dollar General faces plenty of challenges shared by all retailers, from rising wages to shifting consumer spending.

Persons: Todd Vasos, Jeff Owen, Vasos, Walt Disney, Bob Iger, Howard Schultz, outperforming, doesn’t, Jennifer Saba, Larry Fink, Uncle Sam, Jonathan Guilford, Sharon Lam Organizations: Reuters, Walmart, Walt, Starbucks, X, Infosys, Thomson Locations: Europe

☆ BlackRock CEO Larry Fink: Long term investors should be at least 80% in equities or hard assets
▼ + stars: | 2023-10-13 | 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 EmailBlackRock CEO Larry Fink: Long term investors should be at least 80% in equities or hard assetsBlackRock chairman and CEO Larry Fink joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the Fed's rate hike campaign, impact of geopolitical tensions, inflation and Treasury yield outlook, and much more.

Persons: Larry Fink Organizations: BlackRock

"I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food markets, global trade, and geopolitical relationships." On Friday, Citigroup CEO Jane Fraser included Israel in her opening remarks on the bank's earnings call. "Once someone ventures into the space of, 'who is the perpetrator and who is the victim,' you enter into the exposure of social media disinformation and risk," Kotok said. Some large companies including Apple (AAPL.O) and Walmart (WMT.N) had yet to issue statements, while some prominent personalities including NBA star LeBron James have spoken out.

Persons: JPMorgan Chase, Jamie Dimon, Albert Bourla, Jefferies, Michael Bloomberg, Goldman Sachs, Jane Fraser, Israel, Fraser, Larry Fink, David Kotok, Cumberland, Kotok, Antonio Neri, Andy Jassy, Sundar Pichai, Satya Nadella, LeBron James, Gigi Hadid, Lananh Nguyen, Aditya Soni, Stephen Nellis, Siddharth Cavale, David Gaffen, Arriana, Sayantani Ghosh, David Gregorio Our Organizations: JPMorgan, Pfizer, UBS, New York City, Bloomberg, Delta Air Lines, Citigroup, BlackRock, Cumberland Advisors, Hewlett Packard Enterprise, Amazon, Meta, Union, Google, Microsoft, Apple, Walmart, NBA, Thomson Locations: Israel, Ukraine, New York, Florida, Bengaluru

☆ BlackRock’s Larry Fink squares off with Uncle Sam
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Laurence Fink, founder and chief executive officer of BlackRock, Inc. speaks during the Reuters Global Investment Outlook Summit in New York, U.S., November 13, 2017. REUTERS/Lucas Jackson Acquire Licensing RightsNEW YORK, Oct 13 (Reuters Breakingviews) - BlackRock (BLK.N) calls every dollar it manages a “unit of trust” expressed by clients. The trouble for the investing behemoth led by Larry Fink is that there’s an increasingly reliable custodian of such assets these days: Uncle Sam. Even so, $644 billion has crowded into retail money-market funds this year, crimping BlackRock’s all-important stock portfolios. Fink has been bulking up in infrastructure, credit and other investments that are harder to trade, but which also generate higher fees.

Persons: Laurence Fink, Lucas Jackson, ”, Larry Fink, Uncle Sam, Fink, crimping, Jonathan Guilford, Jeffrey Goldfarb, Sharon Lam Organizations: Inc, Reuters Global Investment, REUTERS, Reuters, BlackRock, Graphics, Treasury, X, Infosys, Thomson Locations: BlackRock, New York, U.S, Europe

☆ Bill Ackman and Larry Fink see US Treasury yields hitting 5%: 'Like literally weeks'
▼ + stars: | 2023-09-29 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Wall Street heavyweights Larry Fink and Bill Ackman see US Treasury yields reaching 5%. AdvertisementAdvertisementWall Street heavyweights Bill Ackman and Larry Fink see inflation remaining higher and expect US Treasury yields to soon hit 5%. On Friday, the 10-year yield pulled back to 4.565% after surging to its highest level since 2007 earlier in the week. AdvertisementAdvertisementAnd that could keep US Treasury yields higher as they move on expectations of Fed rate policy. Other commentators have also suggested higher yields, especially as a supply and demand imbalance exists in the Treasury market.

Persons: Larry Fink, Bill Ackman, Ackman, —, Fink, Jamie Dimon, Bill Gross Organizations: Service, Pershing, Capital, CNBC's, Alpha, BlackRock, Berlin, JPMorgan, Federal Reserve, Treasury

☆ Ukraine's Zelenskiy says he met top businessmen during U.S. visit
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

KYIV, Sept 24 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Sunday he met leading American entrepreneurs and financiers during a visit this week to the United States, where investment opportunities in Ukraine were discussed. Zelenskiy said the businessmen, who included Michael Bloomberg, Larry Fink and Bill Ackman, were prepared to make major investments in rebuilding Ukraine after its war with Russia. "We are working for the victory and reconstruction of Ukraine." On a trip to the U.S. and Canada this week, Zelenskiy sought continued military and financial support for Kyiv's effort to fend off Russia's 19-month-old invasion. Reporting by Dan Peleschuk Editing by Peter Graff and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Volodymyr Zelenskiy, Zelenskiy, Michael Bloomberg, Larry Fink, Bill Ackman, Dan Peleschuk, Peter Graff, Bernadette Baum Organizations: Thomson Locations: United States, Ukraine, Russia, Canada

☆ How companies are embracing generative AI...or not
▼ + stars: | 2023-09-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —Companies are struggling to deal with the rapid rise of generative AI, with some rushing to embrace the technology as workflow tools for employees while others shun it – at least for now. Some companies are enacting internal bans on generative AI tools as they work to better understand the technology, and others have already begun to introduce the trendy tech to employees in their own ways. Among media companies that produce news, Insider editor-in-chief Nicholas Carlson has encouraged reporters to find ways to use AI in the newsroom. Of the companies currently banning ChatGPT, some are discussing future usage once security concerns are addressed. “I don’t think it’s that companies are against AI and against machine learning, per se.

Persons: JPMorgan Chase, Northrup, it’s, Mark McCreary, Fox Rothschild, McCreary, “, ” Jonathan Gillham, Nicholas Carlson, ”, ChatGPT, Larry Feinsmith, ” Northrop Grumman, “ They’re, they’re, ” Vern Glaser, Cheryl Ainoa, Donna Morris, PwC, “ Lilli ”, Lilli, Jacky Wright, EY.ai, OpenAI, ” Glaser Organizations: New, New York CNN — Companies, JPMorgan, Northrup Grumman, Apple, Verizon, Spotify, Accenture, Fox, Fox Rothschild LLP, CNN, “ Companies, Gannett, The Columbus Dispatch, UBS, JPMorgan Chase, Wall Street Journal, Entrepreneurship, Enterprise, University of Alberta, Walmart, Emerging Technologies, Consulting, McKinsey, PwC, ChatGPT, Fortune, ChatGPT Enterprise, Microsoft, Bing Locations: New York, ChatGPT, America

☆ Billionaire investors Ken Griffin and Bill Ackman meet with Volodymyr Zelenskyy as Ukraine looks to rebuild its economy with private-sector funds
▼ + stars: | 2023-09-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Ukraine's president met with billionaire investors Ken Griffin and Bill Ackman to discuss the future of the country's economy. The meeting, hosted by JPMorgan, focused on the scope for private-sector funding to help rebuild Ukraine's economy. Zelenskyy introduced the proposal at the Permanent Mission of Ukraine to the United Nations in New York, in a meeting organised by JPMorgan. Zelenskyy had met with BlackRock CEO Larry Fink Wednesday, the outlet reported. AdvertisementAdvertisementUkraine's economy has been battered by a slew of problems - including high inflation and a persistent trade deficit - following Russia's invasion of the nation.

Persons: Ken Griffin, Bill Ackman, Eric Schmidt, Volodymyr Zelenskyy, Zelenskyy, Citadel's Griffin, Pershing Square's, Philipp Hildebrand, Larry Fink Organizations: JPMorgan, Service, Fox News, United Nations, Fox, BlackRock Locations: Wall, Silicon, Ukraine, New York, Russia

☆ US Treasury: Financiers' 'net zero' pledges must align with temperature limits
▼ + stars: | 2023-09-19 | by ( David Lawder | ) www.reuters.com time to read: +3 min

[1/3] U.S. Treasury Secretary Janet Yellen speaks during an interview in New York City, U.S., September 18, 2023. The Treasury released the new, voluntary principles as world leaders, celebrities and business moguls, converged on Manhattan to focus attention on the climate crisis during the U.N. General Assembly week. The nine principles aim to promote consistency, credibility and transparency across net-zero pledges by financial institutions. Among them, the Treasury prescribed that financial institutions should practice "transition finance" that can support decarbonization in high-emitting sectors that are difficult to abate. DATA RESEARCH FUNDINGThe Treasury also announced that several philanthropic groups have pledged $340 million to help develop research, data and technical resources intended to help financial institutions develop and execute "robust, voluntary net-zero commitments."

Persons: Janet Yellen, Shannon Stapleton, Bloomberg Philanthropies, Larry Fink, HSBC's, Noel Quinn, Yellen, Mark Carney, Carney, David Lawder, Chizu Nomiyama, Sharon Singleton, Nick Zieminski Organizations: . Treasury, REUTERS, U.S . Treasury, Treasury, Fund, Bloomberg, Hewlett Foundation, Sequoia Climate Foundation, U.S, Glasgow Financial Alliance, Net, Thomson Locations: New York City, U.S, Manhattan

☆ Elon Musk poached a Google scientist and justified it by telling Larry Page he shouldn't have been 'so cavalier about AI safety'
▼ + stars: | 2023-09-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

A newly released biography on Musk details how he justified poaching a Google scientist to then-CEO Larry Page. "And I was like, 'Larry, if you just hadn't been so cavalier about AI safety then it wouldn't really be necessary to have some countervailing force," Musk said. Sutskever joined Google's AI unit, Google Brain, in 2013 along with Geoffrey Hinton — also known as the "godfather of AI." "And I was like, 'Larry, if you just hadn't been so cavalier about AI safety then it wouldn't really be necessary to have some countervailing force," Musk added. When Musk started his own AI startup — xAI — in July, he again poached AI experts from Google and OpenAI.

Persons: Larry Page, Larry, Musk, Elon Musk, Sam Altman, OpenAI, Walter Isaacson's, Altman, Ilya Sutskever, Sutskever, Geoffrey Hinton —, Ilya, Isaacson, — Organizations: Service, Google Locations: Wall, Silicon

☆ Caring for America’s Aging Seniors at Home - The New York Times
▼ + stars: | 2023-09-06 | by ( Michelle Cottle | Larry Fink | ) www.nytimes.com time to read: +1 min

Aging in place, surrounded by familiar places, faces and memories, can provide a sense of comfort and independence. Being an aging nation also means becoming a nation of caregivers, one that requires a new system of support. For most older Americans, care will come from unpaid family members or friends, who contributed around $600 billion worth of free labor to the economy in 2021, according to AARP. Starting in the mid-1990s, he spent several years caring for his mother, who suffered from schizophrenia and lung cancer. With increasing frequency, he shuttled between his home in upstate New York and hers in South Carolina, taking her to medical appointments.

Persons: Dwane Hodges, “, ” Organizations: AARP Locations: North Carolina, New York, South Carolina

☆ Morgan Stanley launches financial literacy program for NIL agreements
▼ + stars: | 2023-09-06 | 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 EmailMorgan Stanley launches financial literacy program for NIL agreementsLarry Fitzgerald, former NFL all-pro wide receiver, Morgan Stanley's Sandra Richards, and CNBC's Frank Holland join 'Power Lunch' to discuss Morgan Stanley's financial education program for name, image, and likeness deals, attracting investment clients through NIL deals, and educating young people about how to thoughtfully manage contracts.

Persons: Morgan Stanley, Larry Fitzgerald, Morgan Stanley's Sandra Richards, CNBC's Frank Holland, Morgan Organizations: NFL

☆ AllianceBernstein is using AI on everything from research to operations. Here's how it's helping the $704 billion asset manager save hundreds of thousands of dollars.
▼ + stars: | 2023-09-04 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Here's how AB uses AI to get an edge, save analysts hours of work, and improve risk management. Seven years ago, the massive money manager AllianceBernstein set out on a mission to transform itself with AI and data science. The move would save AB hundreds of thousands of dollars and help its investors seek an edge with the $704 billion assets they manage. Chin lifted the hood on the asset manager's AI strategy and use cases. For instance, one signal compares regulatory filings for differences in company strategy or management.

Persons: AllianceBernstein, Andrew Chin, Chin, Larry Fink, terminations, It's Organizations: Wall Street, Vanguard, Fidelity Locations: BlackRock

☆ What Wall Street is telling employees about returning to the office, from Goldman Sachs to JPMorgan and Blackstone
▼ + stars: | 2023-09-04 | by ( Kaja Whitehouse | Michelle Abrego | ) www.businessinsider.com time to read: +11 min

According to Goldman's chief economist, Jan Hatzius, some 25% of all US workers work from home at least part of the week. So, which Wall Street firms are still letting employees work from home at least part of the time? On days employees are in, the firm focuses on taking "advantage of our shared location," it reads. At that time, the firm called for its employees to come into the office a minimum of three days a week. Since then, most employees have been in the office throughout the week, according to a person familiar with the firm.

Persons: Goldman Sachs, David Solomon, Citadel's Ken Griffin, Joe Biden, Jan Hatzius, Hatzius, Jamie Dimon, Goldman, Goldman Sachs Goldman Sachs, —, Dimon, JPMorgan Gretchen Ertl, Jane Fraser, she's, Fraser, they're, Citigroup Patrick, Fallon, Brian T, Moynihan, Bank of America Shannon Stapleton, Reuters Morgan Stanley Morgan Stanley's, James Gorman, Gorman, Gorman doesn't, Morgan Stanley, we're, James Gorman SAUL LOEB, Larry Fink, Larry Fink Spencer Platt, Citadel's Griffin, Griffin, Raj Mahajan, Ken Griffin, Milken, Mike Blake, Blackstone, Stephen Schwarzman Roy Rochlin, Nir Bar Dea, Izzy Englander's Organizations: JPMorgan, Blackstone, Morning, Citadel, Bloomberg, Business, Deloitte, JPMorgan JPMorgan, Goldman, Citigroup, Street, Bank, Economic, Getty Images Bank of America Bank of, Bank of America, Reuters, Getty, BlackRock BlackRock, Yards, Labor, Fox, BlackRock, Citadel Securities, Blackstone Blackstone, Bridgewater Bridgewater Associates, Bridgewater Associates, Bridgewater Locations: Citadel, Davos, Switzerland, New York City

C.E.O.s urge Washington to help with asylum seekersAs New York City’s migrant crisis continues to escalate, with more than 100,000 arrivals from the southern U.S. border straining shelters, some of the city’s top business leaders are intervening in a fight over who’s responsible. But recent communications by the Biden administration suggest that such calls won’t be heeded. The letter underscores the increasing urgency of the crisis, which has pitted Mayor Eric Adams against Gov. Adams has said the crisis could cost the city $12 billion over three years, while Hochul has spent $1.5 billion and deployed nearly 2,000 National Guard members so far. The migrant crisis is a business issue.

Persons: Jamie Dimon, JPMorgan Chase, Larry Fink, BlackRock, Jane Fraser, Citigroup —, Biden, won’t, Eric Adams, Kathy Hochul —, Adams, Hochul Organizations: JPMorgan, Citigroup, Gov, Biden, National Guard Locations: Washington, York, U.S, New

☆ BlackRock keeps pumping the brakes on a new fund amid state-level ESG criticism
▼ + stars: | 2023-08-24 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

Last fall, BlackRock filed to launch an ESG municipal bond exchange-traded fund. It is in essence an ESG version of its major $32 billion municipal bond fund. The delay for the world's largest ETF provider has puzzled some in the industry. This year Goldman Sachs launched its first municipal bond ETF, which takes into account social and environmental factors. BlackRock's ESG municipal bond ETF has another wrinkle.

Persons: Larry Fink, Wesley Gray, Matthew Tuttle, they've, Goldman Sachs, Fink, Salim Ramji, Tony Kelly Organizations: BlackRock, Securities and Exchange Commission, SEC, HIP Muni Bond ETF, Alpha, Republican, Tuttle Capital Management, Goldman, HIP Investor, HIP Locations: York, Arizona , Texas, South Carolina, BlackRock, Connecticut

☆ Michael Oher: 'The Blind Side' star's long effort to correct the record
▼ + stars: | 2023-08-15 | by ( Eric Levenson | ) edition.cnn.com time to read: +12 min

CNN —In his 2011 memoir, Michael Oher wrote that he had a special skill for forgetting his difficult past. Sean Tuohy told the Daily Memphian that his family was devastated. In 2003, he began to stay more often with the Tuohy family, whose daughter Collins also attended Briarcrest. Another contract from April 2007 exists that was “purportedly signed by Michael Oher” in which Oher gives away his name, likeness, voice, etc. “It’s hard because you have to defend yourself, but whatever he wants, we’ll do,” Sean Tuohy said, according to the Daily Memphian.

Persons: CNN —, Michael Oher, “, ”, Oher, White, Sean, Leigh Anne Tuohy, Steve Farese, Sean Tuohy, Michael, Don Yaeger, “ ‘, I’d, Ole Miss Michael Oher, Ole, Matthew Sharpe, ” Oher, Michael Lewis, Lewis, Mike, Collins, Tuohy, David Bergman, Sandra Bullock, Oscar, Lily Collins, Tim McGraw, Jae, Quinton Aaron, Warner, Larry French, “ Michael, Michael Oher’s, Oher “, Michael Oher ”, ” Tuohy, “ We’re, he’d, ‘, You’ve, It’s, Sean Tuohy Jr, ’ ”, Tiffany Roy, Kobi, Kierstin, Jim Rome, that’s, ’ Organizations: CNN, ”, Ole Miss, Mississippi State, Briarcrest Christian School, University of Mississippi, Baltimore Ravens, AP, Academy, Warner Bros, Baltimore, Tennessee Titans, Carolina Panthers, NFL, Foundation, Creative Artists Agency, Daily, Barstool Radio, ’ ” CNN Locations: Memphis, Tennessee, Oxford , Mississippi, Baltimore

☆ How more than a trillion dollars in U.S. government infrastructure spending can boost these 3 industrial stocks
▼ + stars: | 2023-08-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

The U.S. government is deploying trillions of dollars of stimulus money into infrastructure investments, boosting the prospects for a number of industrials in the Club portfolio. Club names Honeywell (HON) and Emerson Electric (EMR) might also grab some of the IRA's funding for green energy. Gains were linked to a boost in demand for construction equipment because of the "once in a generation" Infrastructure bill. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. The White House's infrastructure plan estimates to set aside approximately $35 billion for Texas projects.

Persons: Joe Biden, Emerson, Morgan Stanley, Economist Ellen Zentner, Zentner, Larry Fink, Jim Umpleby, Jim Cramer, Josh Pokrzywinski, Jim Cramer's, Jim, Brandon Bell Organizations: Club, Infrastructure Investment, Jobs, Act, Caterpillar, Honeywell, Emerson Electric, Morgan Stanley Chief, Economist, CNBC, CAT, Inflation, Bank of America, National, Software, Control, Getty Locations: U.S, North America, Houston , Texas, Texas

☆ Larry Fink’s Bet on Saudi Oil Money Is Also His Latest E.S.G. Woe
▼ + stars: | 2023-08-02 | by ( Maureen Farrell | More About Maureen Farrell | ) www.nytimes.com time to read: +1 min

For years, Larry Fink, the chief executive of the giant asset manager BlackRock, has been broadcasting a message to corporate America: Environmental, social and governance goals should be core to how companies do business. So when BlackRock announced in July that it would appoint Amin Nasser, the head of the world’s largest oil company, Aramco, to its board, investors and politicians immediately called out Mr. Fink on what they said was his hypocrisy. It’s the latest example of the increasingly difficult situation Mr. Fink finds himself in: His championing of E.S.G. has drawn accusations of “woke” capitalism from the right while his embrace of energy companies has upset those on the left. The political blowback has made it more challenging for Mr. Fink to do his day job of finding new sources of money that BlackRock — which oversees $9 trillion in assets — needs to drive growth and keep shareholders happy.

Persons: Larry Fink, Amin Nasser, Fink, ”, Giuseppe Bivona, Fink’s, “ Organizations: BlackRock, Aramco, Bluebell Locations: America, London

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