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☆ Palantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says
▼ + stars: | 2023-07-28 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Palantir stock is headed to $25 a share as the company builds an AI "fortress," Wedbush said. The company will be a major player in the AI boom in the next decade, the firm said. "As we begin the 4th Industrial Revolution, Palantir is engaging in the widespread trend of various industries leveraging recent generative AI innovations to streamline operations and improve expense profiles," the Wedbush analysts wrote. "This is early innings on a sum-of-the-parts AI story just on the cusp on monetizing this massive green field AI opportunity," it predicted. Palantir CEO Alex Karp has been a vocal proponent of the rapid development of AI even in the face of risks associated with the technology.

Persons: Wedbush, Wedbush's Dan Ives, Palantir, Messi, Ives, Lionel Messi, Alex Karp Organizations: Service, Wedbush Securities, New York Times Locations: Wall, Silicon, Tel, Argentine

☆ Here are Friday's biggest analyst calls: Apple, Southwest, Roku, Skechers, First Solar, Crocs and more
▼ + stars: | 2023-07-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We expect FSLR will continue to outperform as the company has locked-in double-digit annual earnings growth through decade end. TD Cowen reiterates Skechers as a top idea TD Cowen said it's standing by Skechers as a best idea after the company's earnings report Thursday. JPMorgan reiterates Roku as overweight JPMorgan raised its price target on the stock to $95 per share from $90 and says it's staying bullish on Roku after its earnings report Thursday. " Bank of America reiterates Deckers as buy Bank of America said it expects sales of Deckers ' HOKA brand to double by 2026. JPMorgan reiterates Eli Lilly as overweight JPMorgan said it's bullish on Eli Lilly heading into earnings Aug. 8 due to its diabetes and obesity treatment.

Persons: Wells, Wells Fargo, Morgan Stanley, Apple, it's, Jefferies, Wedbush, FSLR's, TD Cowen, Skechers, Bill, BILL, Roku, Stifel, JPMorgan, Eli Lilly, it's bullish, Ford Organizations: Energy, Apple, Deutsche Bank, Airlines, Volkswagen, VW, Citi, Mobile, " Bank of America, of America, Bill Holdings, Bank of America, JPMorgan, Community Bank, New York Community Bank, Ford Locations: Europe, Dallas, China, Xpeng, Roku, EBITDA, Blue

☆ Wildfires in Greece: what you need to know about the island of Rhodes
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +1 min

ATHENS, July 23 (Reuters) - Following are some facts about the Greek island of Rhodes, facing wildfires that caused thousands of residents and tourists to evacuate this weekend. With a population of about 125,000 people, Rhodes is the ninth largest island in the eastern Mediterranean Sea. Lying to the southeast of the Greek mainland, it is one of the country's most popular islands for tourists, known for its sun-drenched beaches and historic sites. The old medieval town of Rhodes is home to a citadel, one of the finest examples of Gothic defensive architecture, and a well-preserved castle, the Palace of the Grand Master. In the southeast of the island, the small fishing village of Lindos attracts tourists with its hilltop medieval fortress and ancient acropolis.

Persons: Rhodes, Saint John, Angeliki, Frances Kerry Organizations: Knights, Crusaders, UNESCO, Thomson Locations: ATHENS, Rhodes, Lindos

☆ Morgan Stanley's top clean power picks including 2 stocks with 80% upside
▼ + stars: | 2023-07-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The U.S. clean energy landscape can gain favor as green electricity becomes more affordable — and Morgan Stanley sees stocks poised to benefit. In the U.S. and Asia specifically, solar, energy storage and green hydrogen will help bring an underappreciated cost deflation, he said. "With increased competitiveness over fossil fuels, clean power will metamorphose the electricity landscape, overtaking fossil-based generation by 2030." See which stocks are on the list below: Solar stock Sunnova made the cut, with Maheshwari's base case price target of $42 implying an upside of around 83%. There's no additional customer growth from the upcoming shift in green energy currently priced in, he said.

Persons: Morgan Stanley, Mayank Maheshwari, Maheshwari, There's, — CNBC's Michael Bloom Organizations: Energy, NOVA, New, Exxon Mobil, Chevron Locations: U.S, Asia, Chevron

☆ Essence Magazine was meant to be a place for 'Black girl magic.' Internally, some employees say it was more like 'Black girl tragic.'
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

"Essence is the most deceptive Black media company in America. Essence Magazine was first published in 1970 at a time when Black business and civil rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Richelieu Dennis, and Essence chief content & creative officer Moana Luu at the 2020 13th Annual ESSENCE Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Essence Communications Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, Black, didn't, Sandra Okerulu, Michelle Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Ebanks, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Essence Magazine, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Inc, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Hamptons, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell, Essence Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Former Essence Magazine employees say they witnessed a 'hellish' and 'dehumanizing' culture at the leading publication for Black women in America
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

On June 28, 2020, a group of women using the name Black Females Anonymous published a damning public letter that shook Essence magazine, the leading publication for Black women in America, to the core. Essence magazine was launched in 1970 at a time when Black business and civil-rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Dennis, and Essence chief content and creative officer, Moana Luu, at the 2020 13th Annual Essence Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, haven't, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, didn't, Sandra Okerulu, Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Essence, Inc, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Crows and magpies are getting revenge on humans by using anti-bird spikes around their nests as weapons
▼ + stars: | 2023-07-12 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

They have started using the spikes in their nests to keep other birds away. For this particular nest, magpies pulled up 150 feet of the spiky metal strip from the rooftop of a nearby hospital, creating "an impregnable fortress," said Hiemsa. Hiemstra told the BBC that more research is needed to confirm the intent of the corvids using the spikes in the nest. Magpies build roofed nests and favor spiky materials. Other spiky materials had previously been spotted in nests in the area, such as barbed wire and knitting needles.

Persons: Auke, Florian Hiemstra, Hiemstra, —, sandra standbridge, isn't, Jim Reynolds, wasn't, Reynolds, it's, Peregrine falcons Organizations: Service, Naturalis Biodiversity Center, BBC, Magpies, University of Birmingham, Guardian Locations: Europe, Wall, Silicon, Rotterdam, Netherlands, Antwerp, Belgium, Scotland, Amsterdam

[1/5] German Patriot air defence system units are seen at the Vilnius airport in Vilnius, Lithuania July 7, 2023. Many are also providing advanced air defence systems which the Baltic states lack. But for the region with total population of about 6 million people, this is not enough to sustain large militaries, invest in their own fighter jets or advanced air defence. NATO is NATO, and we feel ourselves safe because we are in NATO. He added that he feared waves of migrants at the border, or border violations, or military vehicles appearing at the border without explanation.

Persons: Janis Laizans, Joe Biden, Biden, Gitanas Nauseda, Caesar, Wagner, Edvard Rynkun, Elena Tarasevic, Col Steffen Lieb, Rustamas Liubajevas, Sabine Siebold, John Irish, William Maclean Organizations: Patriot, REUTERS, NATO, Belarus Allies, Baltic, European Union, Reuters, Wagner, Thomson Locations: Vilnius, Lithuania, Belarus, KANIUKAI, Russia, Baltic, Estonia, Latvia, Germany, Spain, France, Finland, Denmark, United Kingdom, Poland, Kaniukai, Ukraine, Kaliningrad, Russian, Minsk

☆ Royal destinations you need to visit in the UK
▼ + stars: | 2023-07-07 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +8 min

A version of this story appeared in the July 7 edition of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. Research in 2011 by Visit Britain found that around 60% of tourists to the UK are likely to visit places associated with the royal family, according to Ross Bennett-Cook, a visiting lecturer at the School of Architecture and Cities at London’s University of Westminster. While there is no more recent data on royal sites specifically, in 2022 Visit Britain found that history and heritage were the biggest pull factors for tourists. Peter Titmuss/UCG/Universal Images Group/Getty ImagesCornwall: Dear to local and international tourists alike, Cornwall, on the southwestern tip of the UK pointing out into the Atlantic Ocean, is also a special destination for the royal family. The medieval parish church of St Mary Magdalene is regularly used as a place of worship by members of the royal family and dates back to the 16th-century.

Persons: Ross Bennett, Cook, we’ve, Queen Elizabeth II, King Charles III, William the, Edward III, Prince Harry, Prince Philip, Peter Titmuss, Duke of Cornwall, Prince William, Mary Magdalene, Bauer, Griffin, Queen, King George VI, Queen Victoria . Prince Albert, Queen Victoria, Andrew Milligan, Prince Albert, daytrippers, Mary Queen of Scots, It’s, Peter Byrne, King Charles, Prince of Wales, Work, wasn’t, King Edward I, Wales, Edward II, Tim Rooke, King George IV, Albert, There’s, shouldn’t Organizations: CNN’s Royal, CNN, Wimbledon, School of Architecture, London’s University of Westminster, Guard, Getty, Radcliffe, Sandringham, Sandringham House, Queen, Highlands, Scottish, Caernarfon, Royal Palaces Locations: Europe, London, Windsor, St, George’s, Duchy, Cornwall, Lostwithiel, UK, British, England, Scilly, Sandringham, Norfolk, Royal Parkland, Scotland, Cairns, Edinburgh, Holyroodhouse, Scottish, Caernarfon, Wales, Menai, Anglesey, Prince, Hillsborough, Northern Ireland, Brighton, Isle of Wight, Osborne

☆ Why Japan is lagging behind in generative A.I. — and how it can create its own large language models
▼ + stars: | 2023-07-07 | by ( Audrey Wan | ) www.cnbc.com time to read: +7 min

But the nation is lagging behind in the generative AI race and is trying to create its own large language models. Generative AI has been the trendiest topic in tech since OpenAI made waves with its chatbot ChatGPT. Key to generative AI development are large language models which underpin the likes of ChatGPT and Baidu's Ernie Bot, capable of processing vast data sets to generate text and other content. Japanese companies pursuing generative AIBig Tech players have also joined the fray to boost Japan's standing in generative AI. While it has yet to catch up in the generative AI space, Japan is making its first stride with these private sector efforts.

Persons: Goldman Sachs, Ernie Bot, Noriyuki Kojima, Kojima, Fumio Kishida, Sam Altman, Masayoshi, Son, Amir Anvarzadeh, Anvarzadeh, CyberAgent, Bloom Organizations: Getty, Japan, Technology, Reuters, Microsoft, Google, Ministry of Economy Trade, Industry, IMD, Nikkei, Tokyo Institute of Technology, Tohoku University, Fujitsu, Riken, Japanese, Big Tech, SoftBank Group, SB Energy, Toyota Tsusho, Fortress Investment, Vision Fund, Asymmetric Advisors, NTT, Local Locations: Japan, China, Europe, Nikkei Asia, Government, Tohoku, Hokkaido, SoftBank

☆ Man mixes risk and reward in private credit bet
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 6 (Reuters Breakingviews) - Man Group (EMG.L) is getting into the hot private credit market, by buying a majority stake in lender Varagon Capital Partners for $183 million. Private credit, which involves managers like Ares Management (ARES.N) or Blackstone (BX.N) making bilateral loans to mostly private equity buyouts, has been one of the hottest areas in fixed income. Low rates encouraged investors to hunt for yield, and has seen mainstream managers like T. Rowe Price (TROW.O)join the fray. They will be rewarded with further payments if they extend their commitments, and Man hopes to use its network to broaden Varagon’s investor base. Given private credit managers like Fortress have traded at more than double that multiple, it looks like a relatively savvy deal.

Persons: Rowe Price, Neil Unmack, Aimee Donnellan, Streisand Neto Organizations: Reuters, Man, Capital Partners, Ares Management, AIG, Fortress, Twitter, KKR, Thomson Locations: Varagon’s, China

☆ John Roberts Is Harming the Institution He Wants to Protect - The New York Times
▼ + stars: | 2023-07-03 | by ( Jeff Shesol | ) www.nytimes.com time to read: +3 min

In June 2012, at the end of a contentious Supreme Court term that decided, among other things, the fate of the Affordable Care Act, Chief Justice John Roberts prepared to leave for Malta, to teach a course on the court. Such circumstances would pain any chief justice, this one more than most. The chief justice is portrayed by some as a tragic figure, powerless to save his court from itself. But the tragedy of John Roberts is that he does have the power to restore some measure of the court’s reputation — he just hasn’t used it. This term will likely be remembered as the year the Supreme Court, led by its chief justice, ended race-conscious admissions at the nation’s colleges and universities.

Persons: John Roberts, “, ”, Walter Bagehot, Roberts, Samuel Alito, Neil Gorsuch, Clarence Thomas, —, Thomas’s, Virginia Thomas Organizations: Affordable, White, ProPublica, The New York Times Locations: Malta, “ Malta, “, Alabama, Congress

June 30 (Reuters) - Apple Inc's (AAPL.O) stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets. Shares of the world's most valuable company jumped 2.3% to $193.97, giving it a market capitalization of $3.05 trillion, Refinitiv data showed. Reuters Graphics Reuters GraphicsThe Cupertino, California company's market capitalization briefly peaked above $3 trillion in intraday trading on Jan. 3, 2022 before closing the session just below that mark. Apple's $3 trillion milestone follows the June 5 launch of a pricey augmented-reality headset, its riskiest bet since the introduction of the iPhone more than a decade ago. Four other U.S. companies have valuations of more than $1 trillion - Alphabet Inc (GOOGL.O), Amazon.com Inc (AMZN.O), Nvidia and Microsoft Corp (MSFT.O), which follows Apple with a market value of $2.5 trillion.

Persons: Hogan, Riley, Tiyashi Datta, Noel Randewich, Anil D'Silva, Richard Chang Organizations: Apple, Reuters Graphics Reuters, Nvidia Corp, Tesla Inc, Commerce Department, Amazon.com Inc, Nvidia, Microsoft Corp, Tesla, Inc, Thomson Locations: Cupertino , California, Apple's, Bengaluru, Oakland, Calif

Kremlin spokesman Dmitry Peskov referred questions about Surovikin to the defence ministry, which has so far made no statement about him. Asked by reporters if the Kremlin could clarify the situation with Surovikin, Peskov said: "No, unfortunately not. "So I recommend that you contact the defence ministry; this is its prerogative." Questions about "structural units within the ministry," Peskov said, should be addressed to the defence ministry. The Kremlin said Putin also chaired a meeting about the development of tourism in the region.

Persons: Wagner, Prigozhin, Sergei Surovikin, Yevgeny Prigozhin, Surovikin, Dmitry, Peskov, Vladimir Putin, Putin, Mikhail Gorbachev, Russia's, PUTIN, Alexander Lukashenko, Andrei Kartapolov, Kartapolov, Guy Faulconbridge, Alexander Marrow, Andrew Osborn, Gareth Jones, Mark Heinrich Our Organizations: General Staff, Kremlin, Reuters, Thomson Locations: St Petersburg MOSCOW, Ukraine, Russian, Soviet, Kala, Moscow, St Petersburg, Russia, Belarus, Concord

☆ Czechs call Russia a threat, China a systemic challenge in new security strategy
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +3 min

"Russia acts deliberately against Czechia's political, economic and social stability," the strategy document said. "Russia and China share the interest to weaken the influence and unity of democratic countries. The country's previous security strategy, the core for policymaking, from 2015 had not mentioned Russia or China by name. The strategy said Russia was using hybrid actions to weaken democratic institutions and destabilise society. "Unless there is a fundamental and deep political and societal change in Russia, Russia will remain a threat to the European space regardless of the result of the war in Ukraine," the document said.

Persons: Vladimir Putin, Sergei Savostyanov, Milos Zeman, Jan Lopatka, Howard Goller Organizations: Sputnik, REUTERS, NATO, EU, Czech, Thomson Locations: Kala, Derbent, Dagestan, Russia, REUTERS PRAGUE, Czech, China, Europe, Czech Republic, Ukraine, Moscow, Taiwan

☆ Morgan Stanley adds this beat-down energy stock to its list of best up-and-coming ESG plays
▼ + stars: | 2023-06-27 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

It's also growing capacity for renewable energy three-fold through 2027, giving it one of the largest renewable pipelines in the world. Byrd pointed to the company's leadership in new technology, including energy storage and carbon-free electricity. The energy stock has tumbled more than 28% this year after sidestepping 2022's bear market and finishing the year more than 18% higher. AES YTD mountain AES, year to date The other stocks in his top ideas list for the Americas — Deere , Eastman Chemical , New Fortress Energy and Nu Holdings — remained. AI and real-time sensing could help improve decision making around food distribution and waste, Byrd said.

Persons: Morgan Stanley, Stephen Byrd, It's, Byrd, Nu Holdings —, Deere, That's, Nu, — CNBC's Michael Bloom Organizations: AES, Americas, Deere, Eastman Chemical, New Fortress Energy, Nu Holdings Locations: Brazil

☆ Vice Media to Be Acquired Out of Bankruptcy by Fortress, Soros Fund
▼ + stars: | 2023-06-22 | by ( Alexander Saeedy | Jodi Xu Klein | ) www.wsj.com time to read: 1 min

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Organizations: Wall Street

☆ Vice Media declares Fortress Investment Group the winning bidder in bankruptcy sale
▼ + stars: | 2023-06-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

(Photo by Hutton Supancic/Getty Images for SXSW)Vice Media has declared Fortress Investment Group's stalking horse bid of $225 million the winning offer for the company as it emerges from bankruptcy. Vice received multiple bids for the company, but none of them "rose to the level of being deemed a superior bid," according to an internal memo obtained by CNBC. Vice will present the sale to bankruptcy court on Friday and expects the acquisition to close then, the company said in the memo. The sale closes a chapter for the digital media company that was valued at $5.7 billion in 2017. Vice owns a series of assets including Vice News, Vice Studios, Refinery29 and an ad agency called Virtue.

Persons: Hutton Supancic, Fortress, GoDigital, Craig Greiwe, Spokespeople Organizations: Media, Investment, CNBC, Soros Fund Management, Monroe Capital, News, Vice Studios, Cannes Lions Locations: Viceland, Austin , Texas

☆ Fortress Investment Group Set to Acquire Vice Out of Bankruptcy
▼ + stars: | 2023-06-22 | by ( Lauren Hirsch | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Mr. Lokhandwala and Mr. Dixon said in their note that they expected the sale to close in July; the company would then begin operating under new ownership. In the past, bidders sought to acquire Vice Studios, the film and TV production business; Virtue, its ad agency; and i-D, one of the company’s magazines. Vice, which had unsuccessfully sought to sell itself for years, filed for bankruptcy in May, with Fortress, as one of its lenders, in pole position to take over the company. It had since sought run a sale of the business in bankruptcy to see if it could kick up further interest. As the sale process proceeds, Vice has some pressing issues to sort out.

Persons: ”, Lokhandwala, Dixon, “ Organizations: Fortress, Vice, “ Bama, American Gladiators, ESPN

☆ Bankrupt Vice Media plans sale to Fortress Investment-led group
▼ + stars: | 2023-06-22 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

June 22 (Reuters) - A group of buyers including Fortress Investment Group may take over Vice Media after the consortium's $225-million offer for the bankrupt company emerged as the only "qualified" bid on the table, according to a legal filing. Popular with millennial audience through its websites Vice and Motherboard, Vice Media filed for bankruptcy protection last month in a move that capped years of financial difficulties and top-executive departures. GoDigital Media told Reuters in an emailed statement that it made a higher bid for Vice but the offer was turned down by the sellers. "We think Fortress's decision is the wrong choice, and the company, employees, partners and consumers will suffer," GoDigital said. Fortress and Vice did not immediately respond to Reuters' requests for comment on the potential deal, which must be approved by the bankruptcy judge.

Persons: GoDigital, Privately, James Murdoch's, Yuvraj Malik, Jonathan Stempel, Dietrich Knauth, Shailesh Kuber, Krishna Chandra Organizations: Fortress Investment, Media, U.S, Fortress, GoDigital Media, Reuters, Systems, TPG, Technology, Ventures, Antenna Group, Big Tech, Facebook, Google, Thomson Locations: Manhattan, Bengaluru, New York

☆ Vice Media, once worth billions, set to be acquired out of bankruptcy by its creditors for $225 million
▼ + stars: | 2023-06-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —Vice Media, the once-high flying digital media company valued at billions of dollars, is set to be acquired out of bankruptcy by three investment companies, including Fortress Investment Group, for $225 million. Bruce Dixon and Hozefa Lokhandwala, co-chief executives of Vice Media Group, informed staff of the decision in a memo Thursday morning. The acquisition agreement is the latest in a tumultuous period for Vice Media, which was once held up as the future of the business. Vice Media filed for Chapter 11 bankruptcy in mid-May. A person familiar with the matter told CNN that GoDigital was preparing to submit a bid between $300 million and $350 million.

Persons: —, Bruce Dixon, Hozefa Lokhandwala, ” Dixon, Lokhandwala, ”, Shane Smith, Nancy Dubuc, Monroe, GoDigital Organizations: CNN —, Media, Fortress Investment, Soros Fund Management, Monroe, Vice Media, “, Soros, GoDigital Media Group, CNN Locations: Fortress

☆ I visited an abandoned castle hidden on a New York island that's slowly crumbling away. It was hauntingly beautiful.
▼ + stars: | 2023-06-21 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

The abandoned Bannerman Castle sits on Pollepel Island in New York's Hudson River. Once a fortress for weapons, the castle is only accessible by private boat. AdvertisementSitting on Pollepel Island in New York's Hudson River, a stunning piece of history is slowly crumbling away. Bannerman Castle was built as a fortress for weapons in the early 20th century by Francis Bannerman, a Scottish arms trader, The New York Times reported. We got a private tour of the island in 2019 — before tours were available to the public.

Persons: —, Bannerman, Francis Bannerman Organizations: Service, New York Times Locations: New, Hudson, Scottish, Bannerman

☆ In 7 Great Cities, 7 Great Walks
▼ + stars: | 2023-06-19 | by ( Christine Chitnis | The New York Times | ) www.nytimes.com time to read: +32 min

Urban Walks In 7 Great Cities, 7 Great Walks The pleasures of strolling through an urban landscape are manifest. Credit... Joann Pai for The New York Times Its organically styled bouquets feel as though they’ve been freshly picked from the garden. Credit... Joann Pai for The New York Times Image Astier de Villatte specializes in antiques and tableware. Three quarters of a mile into the walk, you’ll be standing atop the first of three mountains, the 1,100-foot-high Inwangsan. Credit... Petrina Tinslay for The New York Times Few cities are so abundant with forest-like parks, coastal walks and beaches as Sydney, which is best explored on foot.

Persons: Joann Pai, Sandra Sigman, ”, Sigman, de Mars, you’ll, Dominique, Boulangerie Laurent B, Bellechasse, Germain, Bac, Pierre Hermé, monsieur, Le, Rue de Babylone, Sèvres, Rue de l’Abbaye, de Furstemberg, Furstemberg, they’ve, Tournon —, Villatte, Queen Marie de ’, Palazzo Pitti, Fna, Imane, —, Rue Riad Zeitoun, Rue Djane Ben Chegra, Rue Laarassi, darija, Rue Sidi Boulabada, Rue Bab Ahmad, Rue Bin Lafnadek, Michael Park, it’s, Earl Grey scones, Hadid, Petrina, It’s, Strickland, Carlos Drummond de Andrade, Ian Cheibub, Ayrton Senna, touristy, Clarice Lispector, altinha, Tom Jobim, toting Tom Jobim, Osório, Rua Vinícius de Moraes Organizations: Shops, Jardin de, The New York, Rue Saint, Mars, ., The New York Times, des Invalides, Saint, Blvd . Saint, Rue de, Rue du, Rue de Rennes, de, Compagnie Française, Français, du, Palazzo, Credit, Rue Riad, des, Rue Bahia Bab, Moors, Jewish, Rue, Rue Sidi, Tachenbacht, Rue Bin, Wall ., Korean, South Korean, Milk, Nielsen, New, Opera, Milk Beach, Gibsons, Reserve, South, Heritage, Hornby, Fort, Francisco, Rua Locations: Cities, Paris, Seoul, Marrakesh, Jardin, Jardin de Luxembourg, Rue, Esplanade des Invalides, Blvd, Raspail, bac, Rue de Bac, Bac, Rue de Babylone, Seine, Astier, Français ., du Luxembourg, Italian, Florence, medina, Moroccan, Central Park, Jemaa, ., El, unburied, El Badi, Spain, Marrakesh ., darija —, Marrakesh enfolds, Morocco, Naksan Park, Gyeongbokgung, Scoff, Inwangsan, Seongbuk district, Dongdamun, Sydney, Hermitage, Bayview Hill, Vaucluse, Watsons, Queens Beach, . Credit, Bayview, Fort Denison, Sydney Harbour’s, Milk, Camp Cove . Credit, Parsley Bay, Hopetoun, Palmerston, Moreton, Camp Cove Beach, Mosman, Balgowlah, Manly, Bay, Watsons Bay, de Janeiro, Copacabana, Rio de Janeiro, Brazilian, Ipanema, Rio, Beach . Credit, Italy, Copacabana Beach . Credit, de, Leme, Fort Copacabana, Arpoador, Vero, Polis Sucos, Polis

☆ An ETF focused on the 'moats' strategy of Warren Buffett is beating the market once again
▼ + stars: | 2023-06-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

An exchange traded fund built on an investing strategy popularized by Warren Buffett is proving its worth once again in 2023. The VanEck Morningstar Wide Moat ETF (MOAT) has a total return of more than 23% year to date, according to FactSet, handily beating the S & P 500 and enhancing an already stellar long-term track record. MOAT 5Y mountain The VanEck Morningstar Wide Moat ETF has been a long-term outperformer. The Vanguard Value ETF (VTV) and iShares Core S & P 500 ETF (IVV) were the top two funds of the week, each bringing in more than $2 billion. Several large short-term bond funds saw outflows this week, including Vanguard Short-Term Bond ETF (BSV) .

Persons: Warren Buffett, FactSet, Brandon Rakszawski, Rakszawski, It's Organizations: Morningstar, Adobe, Bond, Federal Locations: VanEck, outflows

☆ Day in the life of a millennial who fled Ukraine to find peace in Greece, where she can work remotely and avoid the stress of war
▼ + stars: | 2023-06-16 | by ( Alexandra York | ) www.businessinsider.com time to read: +2 min

Jane Kuhuk is a 30-year-old Ukrainian woman who moved to Greece to escape the war at home. She wanted to focus on her health and goals and create a safe place for her parents if needed. Here's a day in her life, focused on physical health, mental wellness, and career development. KuhukWhat's more, with internet and power outages across Ukraine, Kuhuk needed an environment where she could continue working her remote job as a marketer. But she's finally taking time to analyze her goals, which include being healthy and productive, as well as working a job she enjoys.

Persons: Jane Kuhuk, —, she'd, Kuhuk, Mount Olympus, I'm, she's Organizations: Service Locations: Greece, Russia, Ukraine, Kyiv, Thessaloniki

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