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Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. Comcast had announced during its quarterly earnings call in October that it was considering spinning off its cable networks. Bravo will remain part of Comcast’s NBCUniversal because its content is heavily featured on Peacock, CNBC reported. Comcast Chairman and CEO Brian Roberts will have a voting position in the new entity, but he won't be on the board of directors, CNBC reported. Executive Vice President Adam Miller will become NBCUniversal’s chief operating officer, CNBC reported.
Persons: Mike Cavanagh, Peacock, Peacock's, Mark Lazarus, Anand Kini, Brian Roberts, Donna Langley, Matt Strauss, Cesar Conde, Adam Miller Organizations: Comcast, NBC News, MSNBC, Syfy, Golf, CNBC, Oxygen, Wall Street Journal, NBC, NBCUniversal, Bravo, Paris, NBCUniversal Entertainment, Studios, NBCUniversal Media Group, Group, Telemundo Locations: USA, NBCUniversal
New York CNN —Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan. The spinoff is expected to be formally announced on Wednesday. The Wall Street Journal, which first reported the impending announcement on Tuesday evening, said the involved channels also include USA, Oxygen, E!, Syfy and Golf Channel. While observers may view the spinoff as an attempt to shed cable channels that are losing value in the streaming age, the channels still contribute strong profits to Comcast’s bottom line. Wall Street analysts are predicting further consolidation of major media companies in the years ahead.
Persons: Mark Lazarus, Mike Cavanaugh, Craig Moffett, MoffettNathanson, Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Street, Syfy, Golf, Bravo, NBC, NBC Sports, NBCUniversal Media, Wall Street, NBCUniversal News Locations: New York, USA
The word charcuterie refers to cold cooked, cured, or smoked meats; so technically, a traditional charcuterie board is just a meat platter. A beautiful charcuterie board is a statement piece and a time-saver, since it typically requires little to no cooking. A charcuterie board can be left out for grazing for up to 2 hours. Charcuterie Board IdeasUnlike so other many recipes, the key to a good charcuterie board is doing what you want. How to Make a Charcuterie Board on a BudgetWith so many choices in building your board, it is easy to go overboard.
Persons: You’ll, Serrano, speck, Martha Tinkler, Camembert, Gorgonzola dolce, flatbreads, Melba, pita, Broccoli, prosciutto, Didn’t, You’d, you’re, Brie, don’t Organizations: Food, Costco, Aldi, nestle Locations: finocchiona, Genoa, American bologna, Salamis, Gouda, Gruyère, Romano, Asiago, Mimolette, Paris, Parm, Brie
State polling misses in presidential elections with Trump Polls underestimated Democrat Republican 2020 D+10 D+5 Even R+5 R+10 Iowa Result Poll avg. State polling misses in presidential elections Polls underestimated Democrat Republican 2012 D+10 D+5 Even R+5 R+10 S.C. One theory, presented by a report evaluating 2020 polls, is that Trump supporters were less likely to respond to surveys. Past polling misses in presidential elections for battleground states Years in bold indicate those in which the polling leader lost in that state. D+15 D+10 D+5 Even R+5 R+10 R+15 Note: Averages not available for some states in some years.
Persons: it’s, Donald J, Hillary Clinton, Joseph R, Biden, pollsters, Barack Obama, Bill Clinton, Trump, Mr, Clinton, Obama, Mitt Romney, John McCain, George W, Bush, John Kerry, Al Gore, , Chris Jackson, Kamala Harris, Trump’s, , Berwood Yost, we’ve Organizations: Republican, Mr, Trump Polls, Ohio Texas, Iowa Ohio, Electoral, N.H . Iowa Nev, Nev . Ohio N.M, Nev . Ohio N.M . Iowa Wis, ., . Ohio Mo, Democratic, Ipsos, Biden, Pew Research, Wisconsin Polling, Michigan Polling, Nevada Polling, Carolina Polling, Arizona Polling, Georgia Polling, Franklin & Marshall, Poll of Pennsylvania Locations: Ohio Texas Fla, N.C ., Ariz . Wis, Pa, Nev . Mich . Wisconsin, N.C, Ariz . Fla, Wis, Pa . Mich, N.H, Minn, Nev, Colo, Fla . Ohio Va, N.H . Iowa, Mich, South Carolina, Mont, Mo, Ind, Indiana, Fla, Nev . Ohio, Nev . Ohio N.M . Iowa, Ore, Hawaii, . Ohio, N.H . Fla, Iowa Minn, Wash, Ill, Florida, pollsters, State, Wisconsin, Michigan, Pennsylvania, Nevada, Carolina, Arizona, Georgia
After years of pushing, everything looks ready for Saudi Arabia’s billion-dollar move to become a major force in tennis to take off — with one major hitch. The Ministry of Sport of Saudi Arabia, the Saudi Tennis Federation (STF) and the WTA Tour then announced a three-year deal to host the tour finals. These moves raised Saudi Arabia’s tennis profile, but its potential new tournament at the start of the season was seen as the most important of its tennis investments — and its most divisive. It would cement Saudi Arabia’s place at the center of the sport, bringing with it an extensively criticized human rights record. Saudi Arabia’s moves into tennis have roiled the organisations behind the Grand Slam tournaments.
Persons: Carlos Alcaraz, Rafael Nadal, Daniil Medvedev, Holger Rune, , Novak Djokovic, Turki Alalshikh, Rome —, , Nadal, Sinclair, Chris Evert, Martina Navratilova, , Jamal Khashoggi, Henry Nicholls, Iga Swiatek, Adam Pretty Organizations: St, Saudi Arabia’s General Entertainment Authority, WTA, Saudi, ATP, Public Investment Fund, SURJ Sports Investment, U.S ., , Sport, Saudi Tennis Federation, WTA Tour, Sinclair, Tennis, Rights Watch, Athletic, Wimbledon, Getty, Australia, Tennis Australia, Laver Locations: Hotel, Riyadh, Saudi, Jeddah, Saudi Arabia, U.S, Indian Wells, Madrid, Rome, provisionality, PIF, Istanbul, Turkey, Australia, New Zealand
Opinion | If Biden Doesn’t Run, Nominate …
  + stars: | 2024-07-03 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:It pains me to agree with “To Serve His Country, President Biden Should Leave the Race” (editorial, June 30), but even more painful is the reality that President Biden may need to take matters one step further and resign the presidency right now, and allow Kamala Harris to run for president as an incumbent. An advantage of a long primary season is the time afforded to coalesce around the eventual nominee. Four years ago, the Democratic Party determined that Kamala Harris would be a worthy successor to Mr. Biden. As president, she would bring energy and enthusiasm, which the 2024 campaign has been wholly lacking. By resigning now, Mr. Biden would permit the Democratic Party to unite under a candidate who can start at once on the essential task of defeating his predecessor.
Persons: , Biden, Kamala Harris, Biden’s, Gavin Newsom, Gretchen Whitmer, Josh Shapiro Organizations: Democratic Party Locations: Israel
CNN —Armenia will leave a Russia-led military alliance, Prime Minister Nikol Pashinyan confirmed Wednesday, accusing members of the bloc of plotting with bitter rival Azerbaijan to start a war against them. Since the collapse of the Soviet Union, Armenia and Azerbaijan have fought two wars over the breakaway Nagorno-Karabakh region, which Azerbaijan reclaimed in full by force in September. Russia has traditionally allied with Armenia, but their relations have soured in recent months while Moscow’s ties to Azerbaijan have deepened. Pashinyan confirmed to lawmakers that Armenia will withdraw from the Russia-led military alliance. Azerbaijan has also demanded that Armenia change its constitution to remove a reference to Karabakh independence, but Pashinyan has so far resisted the calls.
Persons: Nikol Pashinyan, Pashinyan, ” Pashinyan, Karen Minasyan, , , Vladimir Putin, Pashinyan –, Azerbaijan –, Ilham Aliyev, Armenpress, Bagrat Galstanyan, ” Galstanyan Organizations: CNN, Security, Organization, European Union, Getty, AFP Locations: Armenia, Russia, Azerbaijan, Moscow, United States, Soviet Union, Karabakh, Yerevan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Soviet, AFP, Nagorno, Aliyev
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA former employee of Boeing supplier Spirit AeroSystems said he nearly developed a fear of flying because of what he saw during his 12-year stint inspecting aircraft fuselages there. "Working at Spirit, I almost grew a fear of flying," said Paredes. Paredes told CBS that he once sent an email pushing back against his managers' requests to speed up inspections and then was removed from his leadership position. Spirit AeroSystems did not immediately respond to a request for comment outside regular business hours by Business Insider.
Persons: , Spirit AeroSystems, Santiago Paredes, Paredes, Kris Van Cleave, Spirit, John Dean, Max, AeroSystems Organizations: Service, Boeing, Spirit, CBS News, Business, CBS, Alaska Airlines, Federal Aviation Administration, National Transportation Safety, BBC, BI Locations: Wichita, Spirit's Wichita
Russia said on Sunday that U.S. lawmakers' approval of $60.84 billion more in support for Ukraine showed that Washington was wading deeper into a hybrid war with Russia that would end in a humiliation on a par with Vietnam or Afghanistan. Russian Foreign Ministry Spokeswoman Maria Zakharova said that it was clear that the United States wanted Ukraine "to fight to the last Ukrainian" including with attacks on Russian sovereign territory and civilians. "Washington's deeper and deeper immersion in the hybrid war against Russia will turn into such a loud and humiliating fiasco for United States as Vietnam and Afghanistan," Zakharova said. She said that ordinary Ukrainians were being "forcibly driven to slaughter as 'cannon fodder'" but that the United States was now no longer betting on a Ukrainian victory against Russia. The leaders of the West and Ukraine have cast the war in Ukraine as an imperial-style land-grab which shows that post-Soviet Russia is one of the top two biggest nation-state threats to global stability, alongside China.
Persons: Vladimir Putin, Vladimir Putin's, Maria Zakharova, Zakharova, Putin Organizations: Sputnik, country's Labour, Social Protection, Ukraine, Cuban Missile, U.S . House, Russian Foreign Ministry, Russia, West Locations: Russian, Moscow, Russia, Washington, Vietnam, Afghanistan, Ukraine, U.S, Israel, Taiwan, United States, Ukrainian, Soviet Russia, China
“We’re going to win this election because we have no choice,” Trump said at his Mar-a-Lago resort as he savored his sweetest election night since he beat Hillary Clinton in 2016. The time for that excuse is going to fast run out now that the shape of the 2024 general election is clear. “Until now, people didn’t think it was going to be Biden versus Trump, but here we are and we’re ready to go,” he said. One reason why Trump didn’t come across as a loser to his supporters was that he convinced grassroots GOP voters that he didn’t actually lose the 2020 election. Democratic control of the Senate and the tiny House GOP majority that fell short of red wave expectations were widely blamed on his botched strategizing.
Persons: Donald Trump, Joe Biden –, Trump, , he’s, We’re, ” Trump, Hillary Clinton, “ We’re, we’re, Biden, cranking, , ” Biden, He’ll, Nikki Haley, Trump’s, , Haley, Mitch Landrieu, Richard Nixon, Bill Clinton, Bernie Sanders, Grover Cleveland, Benjamin Harrison, Cleveland, didn’t, denialism –, P01135809, Mike Pence, Ron DeSantis Organizations: CNN, White, Capitol, Republican, California Republican, Biden, Trump The, GOP, South Carolina Gov, Republican Party, Democrats, White House, Trump, Democratic, Florida Gov Locations: Washington, Virginia, North Carolina , Oklahoma , Tennessee , Maine , Texas , Arkansas , Alabama, Colorado , Minnesota , Massachusetts, California, Lago, , tatters, New Hampshire, South Carolina, North Carolina, Iowa, Atlanta, Trump’s
On Saturday morning, residents of South Jordan, Utah, about 20 miles south of Salt Lake City, woke up to an astonishing sight. Thousands of tumbleweeds had blown into town and piled up against people’s homes overnight. In some cases, the tumbleweed jumbles reached the rooflines or upstairs balconies of people’s homes, said Rachael Van Cleave, the city’s public information officer. “It was quite a sight to see,” she said. Tumbleweeds also blew en masse into South Jordan’s neighbor city of Eagle Mountain, and across stretches of open land and highways in Nevada and western Utah.
Persons: jumbles, Rachael Van Cleave, , , Tumbleweeds Locations: South Jordan , Utah, Salt Lake City, Utah, South Jordan’s, Eagle, Nevada
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On one occasion, I assumed she was wearing her usual Armani suit when she mentioned her blazer was from Victoria's Secret. My boss, who shops on the Saks luxury floor like I shop at Target, is wearing a Victoria's Secret blazer? This story is available exclusively to Business Insider subscribers.
Persons: , Chanel, Armani Organizations: Service, Saks, Business Locations: Target
CNN —More than half of the world’s population live in urban areas where nature can feel like a distant concern. Thriving ecosystems do, however, exist within our cities — even beneath our feet — and embracing urban nature can be a powerful force for change. Cape Town’s baboons can often be found rummaging through garbage cans and around backyards, putting them at greater risk of conflict with humans. Easy access to food from Cape Town’s trash means baboons spend less time and energy foraging, and more on socializing with potential mates and the rest of their group. The city has begun taking proactive measures to keep them away from Cape Town’s outskirts and in their natural hillside habitat.
Persons: CNN —, Corey Arnold, denning, Lawrence Hylton, Neil Zeller, Gizem, Harvard University’s, Mary Cleave, Ashley Strickland, Katie Hunt Organizations: CNN, Southern, DreamWorks, Gizem Gumuskaya Tufts University Scientists, Tufts University, Harvard, Harvard University’s Wyss, NASA, Challenger, Tasmanian, CNN Space, Science Locations: West London, city’s, Cape Town , South Africa, backyards, Cape Town’s, California, Hong, New Territories, Shing Mun, Canadian, Guatemala
CNN —Mary Cleave, the NASA astronaut who in 1989 became the first woman to fly on a space shuttle mission after the Challenger disaster, has died at the age of 76, the space agency announced on Wednesday. “For me, space flight was great, but it was gravy on top of getting to fly in great airplanes,” she told NASA. Getting to orbitOn her first mission, flying on NASA’s Space Shuttle Atlantis in 1985, Cleave became the 10th woman to travel into space. Over the course of her two shuttle missions, Cleave spent more than 10 days in orbit. Cleave said she made the difficult decision to move on from the corps and NASA’s astronaut hub in Houston, taking a role at Goddard Space Flight Center in Maryland in 1991.
Persons: Mary Cleave, , , Bob Cabana, “ Mary, ” Cleave —, , Cleave, ” Cleave, Judith Resnick, Sally Ride, Sally, Cleave “ Organizations: CNN, NASA, Challenger, Science, Colorado State University, Utah State University, Atlantis, CapCom, Ride, Goddard Space Flight, Maryland Locations: Neck , New York, Utah, Houston, Maryland, Washington , DC
MOSCOW, Nov 21 (Reuters) - Russia cannot co-exist with the current "regime" in Kyiv but Moscow can resist the might of NATO for as long as it needs to fully demilitarise Ukraine, a senior Russian diplomat said on Tuesday. Including Crimea, which Russia annexed in 2014, Russia now controls 17.5% of Ukraine's internationally recognised territory. "The current regime (in Kyiv) is absolutely toxic, we do not see any options for co-existence with it at the moment," Russian Ambassador-at-Large Rodion Miroshnik told reporters in Moscow. Ukraine and the West accuse Russia of war crimes in Ukraine, a charge that Moscow denies. "We can resist NATO just as much as we need to fulfill the tasks that the president has formulated."
Persons: Vladimir Putin, Miroshnik, Putin, Dmitry Antonov, Guy Faulconbridge, Gareth Jones Organizations: NATO, Russian, Kremlin, China, Thomson Locations: MOSCOW, Russia, Kyiv, Moscow, Ukraine, Russian, Crimea, U.S, Ukrainian, United States, NATO
Gaza City, the Hamas militant group's main bastion in the territory, is now surrounded by Israeli forces. The military said troops have advanced to the heart of the city, while Hamas says its fighters have inflicted heavy losses. Air strikes had also killed a Hamas weapons maker, Mahsein Abu Zina, and several fighters, the Israeli military said. The Israeli military had told them they should move south of the Wadi Gaza wetlands along the main Salah al-Din Road. Hamas's armed wing, the Izz ad-Din al-Qassam Brigades, said its fighters had destroyed an Israeli tank in Gaza City.
Persons: General Guterres, Khan Younis, Mohammed Abu Daqa, Daniel Hagari, Mahsein Abu Zina, U.N, General Antonio Guterres, Christian Lindmeier, Mohammed Al, Masri, Rights Israel, Salah, Al Shifa, Israel's, Yahya Sinwar, Israel, Benjamin Netanyahu, Nidal al, Angel, Emily Rose, Maayan, Rami Amichay, Matt Spetalnick, Michael Perry, Angus MacSwan, Mark Heinrich, Simon Cameron, Moore, Peter Graff, Alex Richardson Organizations: Jihad, Reuters NEXT, REUTERS, Rights, Hamas, Reuters, ABC, U.S, Thomson Locations: Israel, GAZA, JERUSALEM, Gaza, Palestinian, Iran, Geneva, Beach, Gaza City, Wadi Gaza, al, Washington, Israeli, Jerusalem, Tel Aviv
"The decision has been made - he will run," said one of the sources who has knowledge of planning. Three other sources said the decision had been made: Putin will run. A foreign diplomatic source, who also requested anonymity, said Putin made the decision recently and that the announcement would come soon. Peskov said in September that if Putin decided to run, then no one would be able to compete with him. "Russia is facing the combined might of the West so major change would not be expedient," one of the sources said.
Persons: Vladimir Putin, Kuzma Minin, Dmitry Pozharsky, Mikhail Metzel, Putin, Boris Yeltsin, Josef Stalin, Leonid Brezhnev's, Dmitry Peskov, Peskov, Mikhail Gorbachev grappled, Yevgeny Prigozhin, Prigozhin, Alexei Navalny, Oleg Orlov, Guy Faulconbridge Organizations: Unity, Sputnik, Kremlin, Reuters, Kommersant, West ., KGB, Soviet, Cuban Missile, West, NATO, China, European Union, Thomson Locations: Red, Moscow, Russia, MOSCOW, West . RUSSIA, Soviet Union, Ukraine, United States, European, Soviet Russia, Afghanistan
Russian President Vladimir Putin attends an interview with China Media Group anchor Wang Guan at the Kremlin in Moscow, Russia, in this image released October 16, 2023. Putin spoke to Iranian President Ebrahim Raisi and to Syrian President Bashar al-Assad by telephone, the Kremlin said. Russian Deputy Foreign Minister Sergei Ryabkov told Putin that the situation was escalatory, that Israeli army actions were "indiscriminate" and that the risk was that Israel would begin a ground operation against Gaza. Russian Foreign Minister Sergei Lavrov discussed the conflict between Israel and Hamas with Chinese Foreign Minister Wang Yi in Beijing ahead of a visit by President Vladimir Putin to China. "The United Nations Security Council must take action, and the major powers should play an active role," Wang told Lavrov, according to a Chinese transcript of the meeting.
Persons: Vladimir Putin, Wang Guan, Sergei Bobylev, Putin, Syria Putin, Ebrahim Raisi, Bashar al, Assad, Abdel Fattah al, Abbas, Benjamin Netanyahu, Sergei Ryabkov, Ryabkov, Russia's, Xi, Yuri Ushakov, Sergei Lavrov, Wang Yi, Wang, Lavrov, Guy Faulconbridge, Ed Osmond Organizations: China Media Group, Kremlin, Sputnik, MOSCOW, Gaza, UN Security Council, United Nations Security Council, West Bank, Russian, Chinese Foreign, United Nations Security, Reuters, Thomson Locations: Moscow, Russia, Iran, Syria, Egypt, Israel Russia, China, Israel, United States, Israeli, Russian, Washington, Ukraine, CHINA, RUSSIA, Gaza, East Jerusalem, Beijing
Here is a list of attempts by regulators to split up big companies:Standard Oil (1911)- Regulators alleged John Rockefeller's Standard Oil held the monopoly in the oil business by using aggressive pricing to eliminate competition. Standard Oil was broken up into 34 companies. Aluminum Company of America (Alcoa) (1945)- The Justice Department charged Alcoa (AA.N) with illegally monopolizing the aluminum market and demanded the company be dissolved. Paramount Pictures (1948) - The U.S. Supreme Court ruled in a landmark antitrust case, also known as "Paramount case" or the "Hollywood antitrust case," that film studios could not legally own their own theaters, hitting the vertical integration of companies. AT&T (1984) - In 1974, the U.S. government filed an antitrust lawsuit against AT&T (T.N) because it had a monopoly on telephone lines.
Persons: Andrew Kelly, Big, John Rockefeller's, District Judge, Jaspreet Singh, Zaheer Kachwala, Sriraj Kalluvila, Josie Kao Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Amazon.com, Standard Oil, Big Tech, Google, Facebook, Standard, Oil, ExxonMobil, Chevron, Aluminum Company of America, Alcoa, Justice Department, Reynolds, Paramount Pictures, U.S, Supreme, Paramount, IBM, AT, Microsoft, District, Meta, FTC, Thomson Locations: Washington ,, U.S, Bengaluru
MOSCOW (Reuters) - The U.S. Central Intelligence Agency, which is trying to recruit more Russians as spies, has released a video targeting Moscow officials with an appeal to tell the truth about a system it said is riddled with lying sycophants. CIA Director William Burns said in July that disaffection among some Russians over the war in Ukraine was creating a rare opportunity to recruit spies, and that the CIA was not letting it pass. The agency released the video in Russian entitled "Why I made contact with the CIA - for myself" on social media which shows what is clearly supposed to be a Russian official walking through the snow of what looks like a Russian city. "Before I believed that the truth had some value," the video shows as the actor playing a Russian official enters a Russian government building and shows his pass above the double-headed eagle of Russia. But we do," the video says before detailing ways to contact the CIA, which is based in Langley, Virginia.
Persons: William Burns, Putin, Guy Faulconbridge, Angus MacSwan Organizations: U.S . Central Intelligence Agency, CIA, Russian, Britain, Kremlin Locations: MOSCOW, Moscow, Ukraine, Russian, Russia, Langley , Virginia, Iraq, U.S, British, United States, Washington, London, East Germany, Soviet
CIA Director William Burns said in July that disaffection among some Russians over the war in Ukraine was creating a rare opportunity to recruit spies, and that the CIA was not letting it pass. The agency released the video in Russian entitled "Why I made contact with the CIA - for myself" on social media which shows what is clearly supposed to be a Russian official walking through the snow of what looks like a Russian city. "Before I believed that the truth had some value," the video shows as the actor playing a Russian official enters a Russian government building and shows his pass above the double-headed eagle of Russia. But we do," the video says before detailing ways to contact the CIA, which is based in Langley, Virginia. Moscow is so difficult for Western spies to operate in that they developed "Moscow Rules" in Soviet times to guard against complacency.
Persons: William Burns, Putin, Guy Faulconbridge, Angus MacSwan Organizations: U.S . Central Intelligence Agency, CIA, Russian, Britain, Kremlin, Thomson Locations: MOSCOW, Moscow, Ukraine, Russian, Russia, Langley , Virginia, Iraq, U.S, British, United States, Washington, London, East Germany, Soviet
China's Xi tells BRICS summit that Chinese economy is resilient
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +1 min
[1/2] China's President Xi Jinping speaks, as South Africa's President Cyril Ramaphosa listens, at the Union Buildings ahead of the opening remarks of the BRICS emerging economies meeting, in Pretoria, South Africa August 22, 2023. REUTERS/Alet Pretorius Acquire Licensing RightsAug 22 (Reuters) - China's leader Xi Jinping told the BRICS group on Tuesday that China's economy was resilient and that the fundamentals for its long-term growth remained unchanged. Xi, who is in South Africa for a summit of Brazil, Russia, India, China and South Africa (BRICS), made the remarks in a prepared statement read by Chinese Commerce Minister Wang Wentao at a business forum. "The Chinese economy has strong resilience, tremendous potential and great vitality," Xi said through Wang. "The giant ship of the Chinese economy will continue to ride the wind, cleave waves, and forge ahead," Xi said.
Persons: Xi Jinping, Cyril Ramaphosa, Alet Pretorius, Xi, Wang Wentao, Wang, Michael Martina, Grant McCool Organizations: REUTERS, Chinese Commerce, Thomson Locations: Pretoria, South Africa, Brazil, Russia, India, China, U.S
Mission Impossible: Paramount reckoning
  + stars: | 2023-07-05 | by ( Jennifer Saba | ) www.reuters.com   time to read: +8 min
NEW YORK, July 5 (Reuters Breakingviews) - Paramount Global’s (PARA.O) predicament is worthy of its successful “Mission: Impossible” franchise. Over the past year or so, Warren Buffett’s Berkshire Hathaway (BRKa.N) has bought and increased its stake in Paramount to about 15%. Without the funding, her closely held firm might have needed to pledge more of its Paramount stock against a loan. Streaming service Paramount+ is similar to Netflix, whose enterprise is worth 5 times next year’s estimated revenue. “Mission: Impossible Dead Reckoning Part One,” from Paramount Pictures, opens in movie theaters on July 12.
Persons: Shari Redstone, Looney, Walt Disney, Sumner, Warren Buffett’s Berkshire Hathaway, Goldman Sachs, Byron Trott, Rudolph Valentino, Mae West, Marx, Trustbusters, Martin Davis, Sumner Redstone, Simon, Schuster, Walt, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Paramount, Warner Bros Discovery, AT, Netflix, Apple, Comcast, Electronic Arts, MSD Partners, Viacom, Audio Communications, CBS, Nickelodeon, MTV, Time Warner, Reuters Graphics Reuters, Tiffany Network, National Football League, Fox, Amazon, MGM, U.S, Penguin Random, Walt Disney, Amusements, Paramount Global, BDT Capital Partners, , Paramount Pictures, Thomson Locations: U.S, Gulf, Western, NAI
US banks gird for dose of post-stress-test trauma
  + stars: | 2023-06-29 | by ( John Foley | ) www.reuters.com   time to read: +8 min
NEW YORK, June 29 (Reuters Breakingviews) - For the biggest U.S. banks, the nerves this year come after the exam. Fed stress tests subject banks to a theoretical market shock and incorporate elements of operational risk, and then spit out a “stress capital buffer” requirement tailored to each firm. The risk for banks is that new rules get piled on top of existing regulations in a process known as gold-plating. U.S. banks are awaiting a proposal from their regulators to revamp capital rules, expected in July. Gruenberg said regulators were considering expanding the reach of a stricter set of capital rules to include banks with over $100 billion in assets.
Persons: Goldman Sachs, Michael Barr, Jamie Dimon, Banks, Morgan Stanley, Jay Powell, PwC, watchdogs, Michelle Bowman, Martin Gruenberg, It’s, Gruenberg, Peter Thal Larsen, Streisand Neto Organizations: YORK, Reuters, Federal Reserve, JPMorgan, Citigroup, Banking Supervision, Basel III, America, State Street, Bank of New York Mellon, Big, Bank, U.S ., Reuters Graphics Reuters, Signature Bank, First, Fed, Federal Deposit Insurance, FDIC, Credit Suisse, Committee, , “ Basel IV, Federal, Thomson Locations: U.S, Basel, Goldman, Big U.S, Swiss, “ Basel
JPMorgan fails Jeffrey Epstein stress test
  + stars: | 2023-06-15 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +8 min
At least, that’s the impression left by Jamie Dimon’s answers to recent questioning in relation to Jeffrey Epstein, the dead sex-trafficker who was a JPMorgan (JPM.N) client for 15 years. Taken altogether, the case is a sign that the bank is simply too big for one person to manage. Epstein was a JPMorgan client from 1998 until 2013. Epstein killed himself in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. Litigation related to Epstein is still pending between the U.S. Virgin Islands and JPMorgan, as are claims by JPMorgan against its former head of investment banking, Jes Staley.
Persons: Jamie Dimon’s, Jeffrey Epstein, ” Dimon, , Dimon, Epstein, Stephen Cutler, JPMorgan’s, Jes Staley, Mary Erdoes, Staley, fraudster Bernard Madoff, Cleave, Wells, Morgan Stanley, Jeffrey Epstein’s, John Foley, Streisand Neto Organizations: YORK, Reuters, JPMorgan, U.S, Securities, Exchange Commission, Department of Justice, Federal Reserve, Reuters Graphics, London Whale, Citigroup, U.S ., U.S . Virgin Islands, Thomson Locations: Wall, U.S, U.S . Virgin, Manhattan
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