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☆ Musk and Ramaswamy's ideas for DOGE and Mike Tyson and Jake Paul to fight: Morning Rundown
▼ + stars: | 2024-11-15 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

And Mike Tyson and Jake Paul will face off in a boxing match. The ‘Department of Government Efficiency’ won’t be an actual ‘department’ — or be inside the governmentElon Musk, Vivek Ramaswamy. The two were tapped to lead the “Department of Government Efficiency” (or “DOGE,” a play on a cryptocurrency Musk has promoted). But DOGE isn’t a “department” like the Department of Education or the Department of Homeland Security. Trump said DOGE will “provide advice and guidance from outside of Government,” and Musk and Ramaswamy’s work will be completed by July 4, 2026.

Persons: Donald Trump’s, Elon Musk, Vivek Ramaswamy, Laken, Mike Tyson, Jake Paul, ”, isn’t, Trump, Ramaswamy, Musk, Max Stier, Alex Jones ’, Alex Jones —, Sandy Hook, Jones, Alex Jones, Laken Riley Laken Riley, Laken Riley, Jose Antonio Ibarra, Ibarra, Riley, Jeff Clark, Clark, Tyson, Paul, Shayne Copeland, Rudy Giuliani, — Josh Feldman, Elizabeth Robinson Organizations: ‘ Department, Government, AFP, Getty, “ Department, Department of Education, Department of Homeland Security, FBI, Education Department, Trump, Partnership for Public Service, “, NBC, Prosecutors, University of Georgia, University Police, Netflix, WHO, CDC, Staff Locations: Government, Athens, Venezuelan, Georgia’s Fulton County, Iran, Solomon Islands

☆ How Blackstone made 18,000 workers owners of their HVAC company
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.

Persons: Blackstone, Copeland, Here's, —, Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan

☆ These 2024 Republican candidates disputed the 2020 election results
▼ + stars: | 2024-10-05 | by ( Daniel Dale | ) edition.cnn.com time to read: +43 min

The success of so many 2020 election deniers in Republican primaries this year demonstrates that Trump’s ongoing campaign of election lies continues to have a strong hold on his party. Even four years later, candidates’ views on the 2020 election are relevant in important practical ways. Lake also baselessly advocated the imprisonment of Katie Hobbs, who was Arizona’s election chief during the 2020 election and went on to defeat Lake in the 2022 race for governor. (Photo by Chip Somodevilla/Getty Images) Chip Somodevilla/Getty Images/FileSen. Rick Scott voted to object to the congressional count of Biden’s victory in Pennsylvania, though he voted in favor of counting Biden’s victory in Arizona. Pennsylvania: Dave McCormickSenate candidate Dave McCormick of Pennsylvania speaks during the second day of the 2024 Republican National Convention in Milwaukee on July 16, 2024.

Persons: Washington CNN — It’s, Donald Trump, JD Vance, Joe Biden’s, Mark Robinson of, Kari Lake, Bernie Moreno, Sam Brown of, Ted Cruz, ”, Biden, – Mark Robinson of, Mike Braun, Indiana, Mike Kehoe of Missouri, Greg Gianforte, Patrick Morrisey, West Virginia –, Braun, Sen, Kelly Ayotte, Scott Olson, “, Trump, ” Braun, Trump’s, Jennifer McCormick, Mike Kehoe Missouri, Mike Kehoe, David A . Lieb, Joe Biden, ” Kehoe’s, Crystal Quade, Montana, Greg Gianforte Montana, Phelan M, Ebenhack, Gianforte, Lee, Ryan Busse, Mark Robinson, Gov Mark Robinson, Grant Baldwin, Robinson, Biden “, Josh Stein, Patrick Morrisey Patrick Morrisey, Tom Williams, Morrisey, Biden’s, Huntington Mayor Steve Williams, Tim Sheehy of Montana, REbecca Noble, Biden didn’t, baselessly, Katie Hobbs, Lake, Lake’s, Ruben Gallego, Kyrsten Sinema, Rick Scott U.S, Rick Scott, Chip Somodevilla, Scott, ” Scott, Debbie Mucarsel, Jim Banks, Banks, ” Banks, Valerie McCray, Braun . Maine, Demi Kouzounas, Kouzounas, Angus King, Royce White Royce White, Alex Brandon, Royce White, “ TRUMP, “ Trump, White, Democratic Sen, Amy Klobuchar, Josh Hawley Sen, Josh Hawley, Allison Bailey /, Missouri Sen, Hawley, CNN’s Manu Raju, Lucas Kunce, Sam Brown, Patrick T, Fallon, Brown, we’ve, we’re, ” Brown, Adam Laxalt, Laxalt, Jacky Rosen ., Bernie Moreno Cleveland, David Dermer, Moreno, denialism, –, ” Moreno, CNN’s Raju, Sherrod Brown ., Dave McCormick, Kamil Krzaczynski, wasn’t, Elizabeth Gregory, Dave, McCormick, “ Joe Biden, ” McCormick, Mehmet Oz, ‘, … We’ve, Bob Casey, Patricia Morgan Rhode, Patricia Morgan, West Warwick, Kris Craig, Morgan, Morgan baselessly, ” Morgan, Sheldon Whitehouse, Marsha Blackburn Sen, Marsha Blackburn, Blackburn, Tennessee’s, Tennessee Sen, Bill Hagerty “, Gloria Johnson, Ted Cruz Sen, Ted Cruz of, Cruz, ” Cruz, ’, Colin Allred, Hung Cao Hung Cao, Milwaukee . J, Scott Applewhite, Hung Cao, Cao, Barack Obama, It’s, ” Cao, United States ”, Tim Kaine, Jim Justice, Justice, – Patrick Morrisey, Joe Manchin, Wheeling Mayor Glenn Elliott, – Denny Hoskins, Dennis Linthicum of, Brooke Paige of Vermont, Kris Warner, Washington’s Dale Whitaker, Christi, Denny, Denny Hoskins, Kelly Dereuck, Hoskins, ” Hoskins, Barbara Phifer, Dennis, Dennis Linthicum, Linthicum, Tobias Read, Brooke Paige Vermont, Brooke Paige, Lisa Rathke, Paige, ” Paige, ” Paige’s, Sarah Copeland Hanzas, Kris Warner West, Mac Warner, I’m, Thornton Cooper Organizations: Washington CNN, Trump, Capitol, Democratic, CNN, Republican, ILA, Indiana, Gov, Missouri, Biden, ” Kehoe’s Democratic, Greg Gianforte Montana Gov, Republican Governors Association, AP, Representatives, Republicans, Lee Newspapers, Getty, The News, Observer, Conservative Political, Conference, Republican National Convention, Inc, West, West Virginians, Associated Press, Huntington Mayor, Kari Lake Arizona Republican, Fox, Arizona, Senate, Democratic Rep, Democrat, Scott, Jim Banks Indiana Republican U.S, Fox News, Demi Kouzounas Maine GOP, Portland Press Herald, Army, Maine Republican Party, New Hampshire GOP, ”, Beacon, Minnesota, U.S . Senate, Arizona –, Marine, Sam Brown Republican, US, Nevada, Convention, Treasury Department, Bloomberg Businessweek, Philadelphia Inquirer, Providence Journal, USA, Blackburn, Tennessee, ABC, Milwaukee ., United, Jim Justice West, West Virginia Gov, Wheeling Mayor, Montana, Christi Jacobsen, Missouri State Capitol, Springfield News, Oregon State Capitol, Anadolu, Anadolu Agency, Getty Images, Vermont State House, Facebook, Electoral College, ” Paige’s Democratic, US Department of Agriculture, Virginia Watch, Virginia Economic Development Authority Locations: Mark Robinson of North Carolina, Kari Lake of Arizona, Bernie Moreno of Ohio, Sam Brown of Nevada, Ted Cruz of Texas, Missouri, West Virginia, Indiana , Missouri, Montana, – Mark Robinson of North Carolina, New Hampshire, Indiana, Indianapolis , Indiana, . Missouri, Jefferson City, Mo, Orlando, Fla, Texas, North Carolina, Carolina, Asheville , North Carolina, Milwaukee , Wisconsin, Nebraska, Delaware , Connecticut, Hawaii, Arizona, Kari Lake Arizona, Mesa , Arizona, AFP, Phoenix, Arizona and Wisconsin, Florida, Pennsylvania, Powell . Indiana, Milwaukee, Braun ., Demi Kouzounas Maine, Maine, China, St, Cloud, Minn, Amy Klobuchar . Missouri, Washington, Lucas Kunce . Nevada, Las Vegas , Nevada, Nevada, what’s, Jacky Rosen . Ohio, Westlake , Ohio, Ohio, United States, Sherrod Brown . Pennsylvania, Philadelphia, Island, Patricia Morgan Rhode Island, West, Rhode, Sheldon Whitehouse . Tennessee, Tennessee, Gloria Johnson . Texas, Washington ,, “, Colin Allred . Virginia, Virginia, Loudoun, – Denny Hoskins of Missouri, Dennis Linthicum of Oregon, Denny Hoskins, Barbara Phifer . Oregon, Dennis Linthicum Oregon, Salem , Oregon, Anadolu, Getty Images Oregon, Oregon, Tobias Read . Vermont, Vermont, Montpelier, Kris Warner West Virginia

☆ Boeing union members are angry they lost their pension plan. They’re not likely to get it back
▼ + stars: | 2024-09-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

Now unions are pushing back, demanding the return of traditional pension plans their members lost in past concession deals. First, a traditional pension plan that pays retirees, or their survivors, a fixed amount of money every month until they die, known as a defined benefit plan. Far less than 1% have only a traditional pension plan. The loss of the traditional pension plan at Boeing 10 years ago is one of the issues driving the strike this year. But the deck is stacked against that kind of reopening of a pension plan at Boeing, even with “pension or bust” signs on the current picket lines.

Persons: International Association of Machinists, Jon Holden, haven’t, Stellantis, John Lawler, Craig Copeland, Lindsey Wasson, unamimously, “, ”, Brian Bryant, Bryant, “ They’re, they’ve, Copeland, they’ll Organizations: New, New York CNN, Boeing, Employers, International Association of, IAM, United Auto Workers, General Motors, Ford, UAW, ”, Research, CNN, Pension, Guaranty Corp, Federal Deposit Insurance Corp, IBM, “ Locations: New York

☆ Michaela DePrince, a Sierra Leonean American ballerina for Boston ballet, dies at 29
▼ + stars: | 2024-09-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

LOS ANGELES — Sierra Leonean ballerina Michaela Mabinty DePrince, who starred in TV show “Dancing with the Stars” and Beyonce’s “Lemonade” music video album, died on Friday at the age of 29, her family said. “It is with profound sadness we announce the sudden passing of our beautiful sister, Michaela Mabinty DePrince. She was an unforgettable inspiration to everyone who knew her or heard her story,” her family said in its statement. She was adopted in 1999 at the age of four by New Jersey couple Elaine and Charles DePrince, who enrolled her in ballet classes. Aged 14, DePrince was awarded a scholarship to attend the Jacqueline Kennedy Onassis School to study ballet.

Persons: Michaela Mabinty DePrince, Michaela, ”, DePrince, Misty Copeland, ” Copeland, Mabinty, Elaine, Charles DePrince, Jacqueline Kennedy Onassis Organizations: ANGELES, Sierra Leonean, Facebook, New, Jacqueline Kennedy Onassis School, Boston Ballet Locations: Sierra, American, ’, Kenema, Sierra Leone, malnourishment, New Jersey

☆ Michaela Mabinty DePrince: Ballerina, 29, who starred in Beyoncé video dies
▼ + stars: | 2024-09-14 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +4 min

CNN —Michaela Mabinty DePrince, the ballerina born during a civil war in Sierra Leone who performed in Beyoncé’s ‘Lemonade’ visual album, has died aged 29, according to an announcement posted to her official Instagram page. DePrince told the WSJ she thought it was a joke when she heard the singer wanted her for the video, who told DePrince in person it was an ‘honor’ to have her star. Ballerina Michaela DePrince teaches a ballet class at One World Observatory in New York City on April 26, 2017. “From the very beginning of our story back in Africa, sleeping on a shared mat in the orphanage, Michaela (Mabinty) and I used to make up our own musical theater plays and act them out. Michaela DePrince in Johannesburg, South Africa on July 9, 2012.

Persons: CNN — Michaela Mabinty DePrince, Mia, DePrince, ’, –, – DePrince, ”, “, Ballerina Michaela DePrince, Jason Kempin, Michaela, Mabinty, “ I’m, Michaela DePrince, Denis Farrell, Misty Copeland, “ Michaela, Ballerina ’, Child Holland, CNN’s Nkepile Mabuse Organizations: CNN, Dance Theatre of Harlem, Dutch National Ballet, Boston Ballet, American Ballet, America Grand Prix Locations: Sierra Leone, Sierra, New York City, New Jersey, United States, Africa, Johannesburg, South Africa, ’

Today, Rafah is uninhabitable, its buildings crumbled and blackened. When NBC News was invited into Gaza's southernmost city by the Israel Defense Forces on Friday, there were no civilians to be seen, just a few cats. Dave Copeland / NBC NewsFor more on this story watch "NBC Nightly News with Lester Holt" tonight at 6:30 p.m. ET/5:30 p.m. CT. The drills they use to find open spaces beneath the earth's surface lie several feet apart. They said it showed how the tunnel was dug below a child’s bedroom that had paintings of Mickey Mouse and Snow White on the walls.

Persons: Dave Copeland, Lester Holt, Daniel Hagari, Tal, Hersh Goldberg, Mickey Mouse Organizations: NBC, Israel Defense Forces, IDF Locations: RAFAH, Gaza, Israel, Rafah, ”, Tal Al Sultan

☆ What is ‘founder mode?’ The meaning behind the latest Silicon Valley buzzword
▼ + stars: | 2024-09-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The battle over “founder mode” versus “manager mode” is one of those manufactured dramas that only a small segment of the world cares about — like going to Davos or Cannes or the Vanity Fair Oscar Party. The idea is that a founder knows their company the way a parent knows their child. Graham doesn’t really define founder mode because every founder and every firm is different. I’ll offer another: Ray Dalio, the founder of Bridgewater, one of the world’s biggest hedge funds. The most successful “founder mode” guys (they’re almost all male, as far as I can tell) seemed to always have a trusted manager by their side.

Persons: CNN Business ’, Paul Graham, Graham, ” Graham, Brian Chesky, Chesky, Steve Jobs, It’s, Graham doesn’t, Jobs, Jeff Bezos, Elon Musk, Nvidia’s Jensen Huang, Ray Dalio, narc, Rob Copeland, ”, Rich Hagberg, Ashley Herd, Jessica Lessin, “, Tim Cook Organizations: CNN Business, New York CNN, Bridgewater, New York Times, LinkedIn Locations: New York, Davos, Cannes, Silicon Valley

☆ It's not always 'a sexy thing' to be a millionaire, former NFL linebacker Brandon Copeland says. Here's why
▼ + stars: | 2024-09-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Brandon Copeland Copeland MediaBrandon Copeland is a former NFL linebacker turned coach. Brandon Copeland: Feeling unprepared for some of the major financial decisions in life. I think that's important to start to develop your stomach. I always break that down as, that's a lot of Chipotle burritos, that's a lot of dinners, that's a lot of time with my family at the water park. Brandon Copeland Copeland MediaGI: One of the first things that you encourage people to do in the book is say aloud to themselves, "I can be wealthy."

Persons: Brandon Copeland Copeland, Brandon Copeland Copeland Media Brandon Copeland, gravitates, —, Cope, Copeland, Greg Iacurci, Brandon Copeland, That's, you've, Bloomberg —, I'm, it's Organizations: Brandon Copeland Copeland Media, NFL, National Football League, University of Pennsylvania's Wharton School, New York Jets, CNBC, Financial Wellness Advisory Board, Athletes.org, Orlando, Baltimore Ravens, NFL Players Association, Lions, Yahoo Finance, Wall Street Journal, Bloomberg Locations: isn't, New Jersey, Detroit

"You are not to concern yourself with this change," Whitaker told the jury. Opening statements finally began in November 2023, after several defendants had already taken plea deals while others chose to be tried separately from Young Thug. She denied the various mistrial motions and a new request for Young Thug to be released on bond. Young Thug first gained mainstream success with his 2014 drug anthem “Stoner” and has worked with artists such as Travis Scott, Post Malone, Meek Mill and Drake. If found guilty, Young Thug and his co-defendants faced prison sentences of five to 20 years on the various charges.

Persons: Young, Paige Whitaker, Fulton, Judge Ural Glanville, Whitaker, Glanville, Donald Trump, Trump, Fani Willis, he’s, ” Young, Jeffery Lamar Williams, Brian Steel, Kenneth Copeland, Steel, Young Thug, —, Copeland, “, ” Copeland, Simone Hylton, Hylton, Copeland . Young Thug, “ Stoner, Travis Scott, Post Malone, Meek, Drake, Childish Gambino’s, ” Organizations: Atlanta, Judge, Republican, Steel, Bloods Locations: Fulton, Fulton County, Atlanta

☆ Your Online Lender May Not Be a Bank. Here’s How to Keep Your Money Safe.
▼ + stars: | 2024-08-10 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

If it looks like a bank, advertises like a bank and accepts money like a bank — it still might not be a bank. That is the lesson being meted out in painful fashion to tens of thousands of depositors who entrusted their savings to online-only lenders. But to the surprise of many depositors, these companies merely collect money and funnel it through intermediaries to banks. Because Synapse was not a bank, the F.D.I.C. insurance did not automatically apply, and now nearly $100 million of deposits have been frozen or lost.

Organizations: Federal Deposit Insurance Corporation, Synapse Financial Locations: U.S

Some leading business executives say they don’t know quite what to think of Vice President Kamala Harris. She has been meeting with groups of corporate executives roughly every two months at her residence in Washington, according to two executives who have met with her. When a state dinner was held for President William Ruto of Kenya in May, Ms. Harris spoke with businesspeople about economic topics including access to labor and worker training, one attendee said. And a month earlier, she attended an event at the Colette Club on Fifth Avenue in Midtown Manhattan arranged by Charles Phillips, a business executive and a longtime backer. Before about 30 Black business leaders — a group with which she has tried to build particularly strong relationships — Ms. Harris spoke for roughly 40 minutes, without notes or a teleprompter, on economic topics including job creation, inflation and global trade, and then took questions.

Persons: Kamala Harris, William Ruto of, Harris, Charles Phillips, —, “, Mr, Phillips, ” Organizations: Democratic, Club Locations: Washington, William Ruto of Kenya, Midtown Manhattan

☆ Wall Street’s Masters of the Universe Are Masters of None in 2024 Race
▼ + stars: | 2024-07-20 | by ( Maureen Farrell | Rob Copeland | ) www.nytimes.com time to read: +1 min

It’s a bad time to be a finance billionaire. Republicans on Wall Street, who had been largely coalescing around former President Donald J. Trump’s efforts to return to office, suffered outright repudiation this week with his pick of Senator JD Vance of Ohio as a running mate. Mr. Vance, a harsh critic of corporate interests and a former venture capitalist, solidified a feeling in the world of high finance that the balance of power in the party had suddenly shifted westward to Silicon Valley. In choosing Mr. Vance, Mr. Trump brushed off personal entreaties from some of the Republican Party’s biggest donors. While accepting his nomination on Wednesday at the Republican convention in Milwaukee, he said the party was done “catering to Wall Street.”

Persons: Donald J, JD Vance, Vance, Trump, Marco Rubio, Doug Burgum, Tim Scott of, ” Organizations: Washington , D.C, Wall, Republican Locations: Washington ,, Ohio, Silicon Valley, Marco Rubio of Florida, North Dakota, Tim Scott of South Carolina, America, Milwaukee

☆ Goldman Sachs’s Revamp Takes Shape With Another Profit Haul
▼ + stars: | 2024-07-15 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

Goldman Sachs on Monday reported a hefty jump in its quarterly profits as the company continued its climb out of a self-inflicted morass. The elite investment bank, which paid dearly for a now-all-but-abandoned attempt to expand into Main Street products like checking accounts, said it took in $3 billion in the second quarter. Here’s what’s going on at Goldman Sachs — and what it means for the rest of Wall Street. How is Goldman faring? The bank made money virtually across its franchise, including in asset management, where Goldman has put its focus in recent months.

Persons: Goldman Sachs, what’s, Goldman Sachs —, Goldman

Stubborn inflation is taking a toll on the nation’s largest banks. On Friday, JPMorgan Chase and Wells Fargo released earnings that were stuttered with indications that despite recent signs of cooling inflation, the economy continues to be a drag. The bank reported profit of $4.9 billion, down slightly from a year earlier, on revenue of $20.7 billion, up 1 percent from last year. On one hand, the nation’s largest bank pulled in $13.1 billion in profit, but it concurrently disclosed more than half a billion dollars in losses from having to offload sinking mortgage investments, among others. Overall results were bolstered by its investment banking and trading business, and a one time windfall from the sale of shares in Visa.

Persons: Wells, Wells Fargo’s, —, ”, Charles W, Scharf Organizations: JPMorgan Chase, Visa

☆ What Happens When Your Bank Isn’t Really a Bank and Your Money Disappears?
▼ + stars: | 2024-07-09 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

For close to a century, putting your savings into a federally insured bank has been a sure thing: If the institution fails, up to $250,000 of your money will be protected. The promise of bank insurance — a tenet of U.S. consumer protection since the Great Depression — is now being tested by a crisis swirling around online-only lenders with hundreds of millions of dollars of deposits between them. Most depositors have little clue where their money has gone, and whether they will get any of it back. It operated banking software for fast-growing online lenders with names like Juno, Yieldstreet and Yotta. Their slick websites advertise insurance from the Federal Deposit Insurance Corporation, the U.S. agency that pledges to pay back lost funds.

Persons: you’ve Organizations: Synapse Technology, Federal Deposit Insurance Corporation, U.S . Locations: U.S

☆ Banks Could Weather Even Extreme Economic Tumult, Fed Finds
▼ + stars: | 2024-06-26 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: 1 min

A severe spike in inflation. A plummet in the value of the dollar. The collapse of their biggest clients. The largest banks in America could survive even those dire economic scenarios, according to analysis released by the Federal Reserve on Wednesday. The industry cleared the higher bars, with as close to a clean bill of health as its leaders might have hoped.

Organizations: Federal Reserve, Credit Suisse Locations: America

☆ ‘Black Barbie: A Documentary’ takes a deeper look at a trailblazing doll
▼ + stars: | 2024-06-20 | by ( Kaila Nichols | ) edition.cnn.com time to read: +6 min

And so she did: “Black Barbie: A Documentary,” her newly-released project, takes a deeper look at the story behind Black Barbie and its impact on representation in the toy business, and culture more broadly. The first Black Barbie (pictured center) wore a bold red dress, gold jewelry and an afro. The actual Black Barbie doll didn’t become a reality until decades later, after the company hired Kitty Black Perkins in 1976 as its first Black designer. “Having Black Barbie (dolls) just reinforces the fact that being Black is fly and amazing — and that Black women are gorgeous. Black Barbie is also validation for us filmmakers, everybody who worked on it, being seen and heard in this industry,” she added.

Persons: Lagueria Davis, Beulah Mitchell, Davis —, —, Barbie, ” Davis, Black Barbie, Black, Shonda Rhimes, Misty Copeland, Ibtihaj Muhammad, Maxine Waters, Copeland, Muhammad, Mitchell, Ruth Handler, Patricia A, Turner, Handler, “, ” Mitchell, “ Christie ”, Julia ”, Christie, Julia, Diahann Carroll, Kitty Black Perkins, Black Barbie’s, Black Perkins, ” Black Perkins, Aaliyah Williams, ”, ’, White, Yolanda Hester, Shani, Stacey McBride, Irby, McBride, Kitty, Stacy, Williams Organizations: CNN, Mattel, SXSW, Black, Netflix, “ Locations: Mitchell’s

☆ Roaring Kitty Talked GameStop and Chugged Beer. Shares Plunged.
▼ + stars: | 2024-06-07 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

Around lunchtime Friday, on a YouTube livestream watched by half a million people, a bandanna-clad man in white sunglasses grinned into his webcam and teased: “I’m about to show it.”Oh, stop it. Keith Gill, the man better known as Roaring Kitty, who became one of Wall Street’s unlikeliest celebrities during the meme stock mania of 2021 before disappearing from public view, was onscreen — and in his signature fashion, mixing beer, comedy and market commentary. A quick refresher: Three years ago, Mr. Gill’s unrestrained cheerleading of GameStop and other companies on social media made him a kind of rabbi to thousands of day traders stuck at home during the pandemic — people who bought loads of shares and drove those stock prices to nosebleed levels. These traders’ use of internet memes and social platforms like Reddit to trade stock tips ushered in a new class of investors. He vaulted back into prominence last month by posting on X a cryptic illustration that many took as a sign that he had returned to day trading.

Persons: Keith Gill, Kitty, Gill, ” Organizations: YouTube, GameStop

☆ ‘I’ve Never Seen Anything Like It.’ Tornado Devastates Arkansas Town.
▼ + stars: | 2024-05-27 | by ( Bret Schulte | Katie Benner | ) www.nytimes.com time to read: +1 min

Melisa Swearingen woke up early on Sunday morning as a tornado bore down on her home in the northwestern corner of Arkansas. As she raced down the stairs with her toddler, she looked out the window and saw a 40-foot tree falling toward the house. “The whole house was shaking like a roller coaster,” Ms. Swearingen said in an interview outside her home. “I thought the house would be torn open and we’d get suctioned up,” Ms. Swearingen, 35, said. Nearby, Byron Copeland, 38, had sent his wife, their three children and the family dogs to the basement, while he monitored the storm.

Persons: Melisa Swearingen, Ms, Swearingen, ” Ms, Byron Copeland, ” Mr, Copeland, ” Locations: Arkansas

☆ Blackstone is set to give workers a stake in the companies it buys
▼ + stars: | 2024-05-22 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Blackstone is set to grant shares to workers at the businesses it buys, The Wall Street Journal reported. It's set to award stock to employees at Copeland, which it bought last year for $14 billion. Other private equity giants including KKR and Apollo also offer equity to portfolio companies' staff. AdvertisementBlackstone is set to start granting stock to its portfolio companies' employees, The Wall Street Journal reported. The private equity giant's plans to give equity to workers at most of the large US-based businesses it buys are expected to be announced at a conference this week.

Persons: Blackstone, It's, — Organizations: Street Journal, KKR, Apollo, Service, Emerson Electric, Business Locations: Copeland

☆ In About-Face, Wall Street’s Big Donors Warm to Trump
▼ + stars: | 2024-05-15 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

When President Donald J. Trump left office, some of Wall Street’s biggest names, who had taken to him during his first term in the White House, swore they were moving on from him for good. They were fatigued by his leadership style, disappointed by some of his policies and shocked by the U.S. Capitol riot. With Mr. Trump leading in the polls, big financiers on Wall Street, in Silicon Valley and elsewhere are edging into his corner, according to interviews with more than a dozen people who sought anonymity because they didn’t want their personal views to be tied to their employers. In other cases, the willingness to support a return of Mr. Trump reflects a growing dissatisfaction with what many big Wall Street donors see as the White House’s hardening stance against Israel in its war on Gaza. A prominent example of the about-face is Kenneth Griffin, a hedge fund magnate and political megadonor who publicly derided Mr. Trump as a “three-time loser” less than two years ago.

Persons: Donald J, Trump, didn’t, —, Biden, Kenneth Griffin, megadonor Organizations: U.S, Capitol, Israel, Citadel Locations: Wall, Silicon Valley, Gaza

Many Americans don't know, and it's getting even harder to calculate — especially as Social Security is poised to start reducing benefits in just about a decade. Related stories"That number is all over the place," Copeland said, referring to how much people are going to need in retirement savings. "It will be devastating if people who already are facing very dire retirement prospects get less Social Security than they're planning on. Estimating how much you will need in retirement may be helpful, even long before retirement. That highlights the fact that calculating how much you're going to actually need in retirement is complicated.

Persons: it's, That's, there's, Craig Copeland, Copeland, —, William Arnone, Indira Venkateswaran, Greenwald Organizations: Service, Security, Greenwald Research, Business, AARP, Wealth, Research Institute, Social, Social Security, National Academy of Social Insurance Locations: America

Brown’s agreement will let students make their case and then have the Brown Corporation, the university’s governing body, vote on the matter in October. But Dr. Paxson’s initial offer did not include bringing a divestment proposal to a vote. That came after two university negotiators and six students involved with the Brown Divest Coalition, one of the groups behind the movement, reached a deal on Tuesday, the university and several students said. The agreement immediately gave the university control of its facilities in time to allow students to finish classes and hold in-person graduation ceremonies and an alumni reunion this month. One donor, an investor who has made sizable contributions to the university and describes himself as a supporter of Israel, said members of the administration had assured him that Brown wouldn’t ultimately divest from Israel.

Persons: William A, Marc Rowan, Christina H, Paxson, Brown, Brown wouldn’t Organizations: Wall Street titans, Democratic Party, Republican, Harvard University, University of Pennsylvania, Brown Corporation, Coalition Locations: Israel, Gaza

☆ Billionaire Donor Assails Brown’s ‘Unconscionable’ Deal With Protesters
▼ + stars: | 2024-05-03 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

One of Brown University’s major donors, the billionaire real estate mogul Barry Sternlicht, on Friday sharply criticized the school’s agreement to hold a board vote on cutting investments tied to Israel, calling it “unconscionable” and saying he had “paused” donations to the school. Brown is among a small number of universities that have agreed to discuss their investments in companies that do business in Israel, in order to persuade student protesters to dismantle encampments. It’s not education, it’s propaganda,” he wrote. Mr. Sternlicht, 63, said that no deal with protesters could be fruitful because the two sides did not agree on “facts and moral clarity,” as well as the scale of Israel’s invasion of Gaza after Hamas’s Oct. 7 attack in which about 1,200 were killed and another 250 were taken hostage. Israel’s subsequent intense bombardment of the tightly-packed area has left more than 34,000 dead and drawn international condemnation.

Persons: Brown, Barry Sternlicht, ”, “, Sternlicht, Christina H, Paxson, Israel’s Organizations: New York Times, Israel Locations: Israel, Gaza

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