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☆ Mitrione: The market is really happy with lower rates. Tech benefits a lot from them.
▼ + stars: | 2024-09-23 | 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 EmailMitrione: The market is really happy with lower rates. Tech benefits a lot from them. RaeAnn Mitrione, Investment Management Partner at Callan Family Office, discusses the recent Fed rate cut, noting tech's outperformance and its benefit from lower rates.

Persons: RaeAnn, tech's outperformance Organizations: Tech, Investment, Family

☆ Exxon is trading at 'extremely cheap' levels right now, says investor Stephanie Link
▼ + stars: | 2024-09-23 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. ET each day) Investors are watching the trend in small caps and value stocks and how the Federal Reserve rate cut last week could impact that trade. Worldwide Exchange word of the day: Confidence Stephanie Link of Hightower said she's constructive about the market, but still expects to see some volatility. Worldwide Exchange pick: Exxon Link says Exxon (XOM) is currently trading at an attractive entry point at 14-times forward earnings. XOM YTD mountain Exxon YTD

Persons: Stephanie Link, Hightower, Callan, Mitrione, Link Organizations: PRO, Worldwide, Federal, Callan Family, Worldwide Exchange, Exxon Link, Exxon

☆ Read the pitch deck an AI startup tackling time-consuming tasks in Hollywood used to raise new funds
▼ + stars: | 2024-08-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFilmustage, which uses AI to analyze scripts and do other pre-production tasks, raised $1.5 million in seed funding led by Raw Ventures, a London-based venture capital firm. It also performs other tasks like creating shooting schedules and analyzing scenes for risk elements like sex and weapons. AI tools have found applications in Hollywood, which is known for its lengthy and costly process of making TV shows and movies. Here's the pitch deck Filmustage used to raise its newest funding round:

Persons: —, Filmustage, There's, Roger Christian, Byron Saltysiak, Callan Green, Guy Ritchie's, Egor Dubrovsky, Dubrovsky, it's, Filmustage's Organizations: Service, Raw Ventures, Business, Guy Ritchie's Netflix, Universal Pictures, Investors, Netflix, Amazon Prime, Hollywood Locations: London, Hollywood

☆ Mitrione: As long as rate cuts are still on the table, yields should tick down
▼ + stars: | 2024-06-10 | 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 EmailMitrione: As long as rate cuts are still on the table, yields should tick downRaeAnn Mitrione, Investment Management Partner at the Callan Family Office, discusses the busy week of economic data and its impact on the markets.

Organizations: Investment Locations: Callan

☆ Mitrione: Markets could move higher if CPI comes in line with estimates
▼ + stars: | 2024-05-13 | 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 EmailMitrione: Markets could move higher if CPI comes in line with estimatesRaeAnne Mitrione, Investment Management Partner at Callan Family Office, discusses the consumer, inflation, and the market's record run.

Organizations: Investment, Family

☆ Mitrione: Markets can still do really well while the Fed is on pause
▼ + stars: | 2024-04-01 | 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 EmailMitrione: Markets can still do really well while the Fed is on pauseRaeAnn Mitrione, investment management partner for the Callan Family Office, discusses expectations for the markets ahead of a possible first Fed rate cut this summer.

Persons: Callan

(AP) — A Democratic state lawmaker in Nebraska who unsuccessfully ran for governor two years ago is seeking a seat in the U.S. House. She hopes to challenge Republican Rep. Mike Flood, who served in the state legislature with Blood until he was elected to Congress. Blood was running for governor at the time, a race she lost to Republican Jim Pillen. “I’m running because we can do better and bring back a strong voice in D.C. that represents all Nebraskans, not the vocal minority,” she said. So far no other Democrats have filed for the primary or announced plans to run.

Persons: Sen, Carol Blood, Mike Flood, Flood, Jeff Fortenberry, Patty Pansing Brooks, Blood, Republican Jim Pillen, Clair Callan, “, ” Organizations: —, Democratic, U.S . House, Congressional, Republican, Blood, GOP, Bellevue City Council, Social Security Locations: OMAHA, Neb, Nebraska, U.S, Lincoln, McCook, Bellevue

☆ Boeing struggles to steer defense unit in another year of losses
▼ + stars: | 2023-10-27 | by ( Valerie Insinna | ) www.reuters.com time to read: +5 min

The Boeing KC-46 Pegasus aerial refueling tanker is seen before a delivery celebration to the U.S. Air Force in Everett, Washington, U.S., January 24, 2019. Despite absorbing $4.4 billion in losses in 2022 – which executives said would lower the risk of future cost overruns – the unit has seen little improvement this year. Excluding last year, losses on Boeing's defense programs in 2023 exceed those from all years since 2014, according to a Reuters review of Boeing’s regulatory filings. The latest charge for Air Force One brought total losses to $2.4 billion on a $3.9 billion contract to develop two planes. A better bet, and one Boeing's defense segment is aggressively pursuing, is inking future contracts for next-generation fighter jets and cutting-edge drones.

Persons: Lindsey Wasson, Lockheed Martin, Brian West, Byron Callan, ”, Seth Seifman, JP Morgan, “, NASA's, West, there's “, Richard Aboulafia, ” Aboulafia, Valerie Insinna, Rod Nickel Organizations: Boeing KC, Pegasus, U.S . Air Force, REUTERS, Rights, Air Force, Boeing, Lockheed, General Dynamics, Capital Alpha Partners, U.S . Defense Department, NASA, BDS, Boeing Defense Space, U.S . Air Force's KC, KC, Thomson Locations: Everett , Washington , U.S, Ukraine

In an interview, O'Leary said this would not deter JetZero and its radical design. The Air Force said materials and manufacturing advances have made production more attainable. Whereas Boeing aimed to commission new engines for its abandoned project, JetZero says aerodynamic savings allow it to exploit existing models. Capital Alpha Partners analyst Byron Callan said the decision to back JetZero suggested Air Force "frustration" with traditional aerospace companies' use of cash to favor shareholders rather than bigger developmental risks. "One way to potentially change behaviors is to award contracts to smaller firms like JetZero," he wrote.

Persons: Carlos Barria, Tom O'Leary, O'Leary, they're, NORTHROP, Northrop Grumman, Ron Epstein, Byron Callan, JetZero, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, REUTERS, Rights, U.S . Air Force, The Air Force, Boeing, Airbus, Reuters, Air Force, Bank of America, Pratt, Capital Alpha Partners, Force, Thomson Locations: Arlington , Virginia, U.S, California, Asia, Kosovo

☆ Abortion is ancient history and that matters today
▼ + stars: | 2023-06-23 | by ( Katie Hunt | ) edition.cnn.com time to read: +9 min

This long view of abortion matters, according to Mary Fissell, a professor of the history of medicine at Johns Hopkins University. That’s because assumptions about how abortion was viewed in the past color present-day arguments about abortion rights. Abortion opponents portray the rights granted by Roe v. Wade and legal access to abortion as an historical aberration, according to Fissell, which is not accurate, historians say. Earliest references to abortionThe first written references to abortion are contained in an ancient Egyptian papyrus written about 3,500 years ago. For most of history, abortion has not been an issue about the fetus, like it is today, but rather about women’s behavior.

Persons: Mary Fissell, Roe, Wade, ”, Fissell, “, Dobbs, it’s, Lysistrata, Aristophanes, —, Lisa Briggs, Briggs, Pliny the Elder, ” Briggs, It’s, Maeve Callan, Callan, ’, Saint Brigid, Patrick, Brigid, Peter Morrison, God, ” Callan, “ quickening, Pope Sixtus V, Pope Gregory XIV Organizations: CNN, Johns Hopkins University, US, Jackson, Health Organization, Cranfield University, British Museum, “, Simpson College, AP, quicken Locations: United States, Dobbs v, Rome, Cyrene, Libya, Iowa, Medieval Ireland, Ireland, Leixlip, Kildare

So what's hot in fintech right now? One area fintech companies are getting excited by is an improvement to online checkout tools. Callan Carvey, global head of operations at Cleo, said the firm's AI connects to a customer's bank account to get a better understanding of their financial behavior. "A job that typically would take around one or two weeks can now be completed in 30 minutes, right. Several fintech executives CNBC interviewed spoke of how they're not interested in launching products tailored to crypto as the demand from their customers isn't there.

Persons: MacKenzie Sigalos, hasn't, they've, Starling, Richard Davies, Davies, Niklas Guske, —, B2C fintechs, David Singleton, Guske, dazzled, Cleo, Callan Carvey, Carvey, Teo Blidarus, Taktile's, Hiroki Takeuchi, Takeuchi, Changpeng Zhao, they're, Jack Zhang, Zhang, Prajit Nanu, cryptocurrencies, Banks, Nanu Organizations: Bank, fintechs, CNBC, Business, Allica Bank, B2B, Tiger, Schroders Capital, Atom Bank, Schroders, U.S . Securities, Exchange Commission, SEC, U.S, cryptocurrencies Locations: Amsterdam, MacKenzie Sigalos AMSTERDAM, Netherlands, British, Atomico, U.S

☆ Kathleen Folbigg: Mother who served 20 years for killing her four babies pardoned
▼ + stars: | 2023-06-04 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Folbigg was jailed in 2003 on three counts of murder and one of manslaughter following the deaths of her four babies over a decade from 1989. As recently as 2019, an inquiry into her convictions found there was no reasonable doubt she had committed the crimes. But another inquiry began last year after new scientific evidence emerged that provided a genetic explanation for the children’s deaths. Examination of the babies’ remains failed to find any physical evidence they’d been suffocated, but without another plausible reasons to explain their deaths, suspicion focused on Folbigg. During Folbigg’s 2003 trial, the prosecution used “coincidence and tendency” evidence to allege that Folbigg had also killed Caleb.

Persons: Australia CNN —, General Michael Daley, Kathleen Folbigg, Daley, ” Daley, Folbigg, Sophie Callan, Folbigg’s, ” Patrick, Craig Folbigg, she’d, Caleb, Patrick, Sarah, Laura, Graham Barr, Barr, ”, Laura Folbigg, Shutterstock, ’, Tom Bathurst, Laura – Bathurst, “, Bathurst, “ We’ve, We’ve, You’d Organizations: Australia CNN, New South Wales, South, South Wales Supreme, New South, New South Wales Supreme Locations: Brisbane, Australia, NSW, South Wales, Newcastle, New South Wales, New

☆ How the president of Abbot Downing tried to save the Wells Fargo unit for the ultra-rich from being folded
▼ + stars: | 2023-05-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Wells Fargo folded Abbot Downing, which served the bank's wealthiest clients, in late 2020. In late 2020, Wells Fargo disbanded Abbot Downing, the unit that catered to the bank's wealthiest clients. Abbot Downing was folded into Wells Fargo's private bank, which also serves rich clients, but it wasn't a safe haven. Business Wire via APGinter left Wells Fargo in September 2021 to launch a new registered investment advisor the following March. Some ex-Abbot Downing employees refer to Callan the "new Abbot Downing" for its focus on the ultra-rich set.

☆ Abbot Downing's president pitched a buyout to save the Wells Fargo unit from being folded. The bank said no, and employees have fled.
▼ + stars: | 2023-05-11 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

☆ Inside Wells Fargo's 'chaotic' journey to transform its services for the ultrarich
▼ + stars: | 2023-05-04 | by ( Hayley Cuccinello | Reed Alexander | ) www.businessinsider.com time to read: +23 min

In late 2020, some 300 Wells Fargo employees were summoned to a conference call. "I actually welcomed that, although I did like Abbot Downing," he said of folding Abbot Downing into the private bank. One team of legacy Abbot Downing employees with $3.5 billion in assets left for Hirtle Callaghan in June 2021. Today, Ginter runs a registered investment advisor called Callan Family Office, which some former Abbot Downing employees refer to as "the new Abbot Downing." Are you a current or former client of Wells Fargo Private Bank or Abbot Downing?

☆ $70 billion Los Angeles retirement plan says higher rates may 'change everything' and portfolio moves are coming
▼ + stars: | 2023-04-19 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

A year into the most significant period of Federal Reserve rate hikes in decades, you might think investors had already cemented their investment portfolio strategies for a higher interest rate world. According to LACERA's 2022 annual report, its investments were split between roughly $24 billion in public equities, $19 billion in bonds, $13 billion in private equity, $6 billion in real estate, $4 billion in hedge funds and $1 billion in real assets. Last year was the first in the prior three fiscal years that the pension fund's investment portfolio lost money. By contrast, investment returns of 25.2% in 2021 were far ahead of the 7% percent, which LACERA attributed to the strong performance from global equity and private equity assets. A shift to more fixed income among top investors will flow through to the "whole economy," Grabel said.

☆ Black and Tans: Biden confuses All Blacks rugby team with brutal police force
▼ + stars: | 2023-04-13 | by ( Sophie Tanno | ) edition.cnn.com time to read: +4 min

CNN —President Joe Biden made a gaffe during his visit to Ireland on Wednesday as he confused a rugby team with a controversial 1920s-era British police force. Biden was speaking at the Windsor Bar in Dundalk, Ireland, when he appeared to mistake New Zealand’s All Blacks rugby team with the Black and Tans, a brutal force deployed against rebels during the Irish War of Independence. He received the Irish team tie after they won against New Zealand at Soldier Field in Chicago in November 2016. “See this tie I have, this shamrock tie?” Biden said. He personally called the Irish rugby union team to congratulate them when they defeated New Zealand at the Aviva Stadium in 2021.

☆ U.S. snowboarders sue former coach alleging sexual abuse
▼ + stars: | 2023-02-03 | by ( Daniel Trotta | ) www.reuters.com time to read: +2 min

Feb 2 (Reuters) - Three former U.S. snowboarders sued their former coach, the national snowboarding federation and the U.S. Olympic Committee on Thursday alleging sexual abuse that was covered up by the two sporting bodies, court documents showed. Rosey Fletcher, Erin O'Malley and Callan Chythlook-Sifsof sued former coach Peter Foley, U.S. Ski and Snowboard (USSS), and the United States Olympic and Paralympic Committee (USOPC) in U.S. District Court for the central district of Los Angeles. The suit alleges Foley exploited his position of trust with the athletes to "coerce sexual acts through force, manipulation, emotional abuse, intimidation, and retaliation". The U.S. Olympic Committee said at that time it had followed protocol and reported the allegations to the U.S Center for SafeSport, which handles reports of sexual abuse within the Olympic movement.

☆ Husband of woman accused of killing three children asks for forgiveness for wife
▼ + stars: | 2023-01-29 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +5 min

In his statement, Patrick Clancy said the couple's marriage "was wonderful and diametrically grew stronger as her condition rapidly worsened." Plymouth County DA Timothy Cruz had previously said prosecutors would be arraigning Lindsay Clancy on murder charges as soon as they could. In his statement, Patrick Clancy said his children "gave me purpose and I never took it for granted. "I took so much pride in being Lindsay’s husband and a dad to Cora, Dawson, and Callan. Patrick Clancy wrote that he promises to "put all my energy into healing and rediscovering my purpose."

CNN —Actor Kevin Spacey will testify in the sexual misconduct trial against him, his attorney said in court Monday. Earlier Monday, attorneys for actor Anthony Rapp finished presenting their case against Spacey. He is suing Spacey for assault, battery and intentional infliction of emotional distress. Spacey’s attorneys have attempted to poke holes in Rapp’s claims by pointing to discrepancies, including dates Rapp alleged to have run into Spacey at industry events. Before ending his time on the stand, Rapp’s attorney Peter Saghir asked the actor if he had been lying about his allegations against Spacey.

☆ How much will Sandy Hook parents actually get from Alex Jones?
▼ + stars: | 2022-10-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN Business —Alex Jones owes $965 million to eight family members of Sandy Hook shooting victims and a first responder. Jones was hit with that staggering jury award Wednesday for compensatory damages caused by his repeated lies about the shooting. Plaintiffs in the case said the reason they sued was to stop Alex Jones from continuing to spread lies and hurt other people. The fact that Jones might be reviled, and the plaintiffs are so sympathetic, shouldn’t be a factor, he added. “In the justice system, Alex Jones and Mother Teresa should be treated the same,” Rustad said.

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