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☆ Americans are piling into a hot new type of ETF investing
▼ + stars: | 2024-09-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Read previewThe popularity of exchange-traded funds has skyrocketed over the past decade as more Americans have opted for them over mutual funds. Further, between 2014 and 2024, assets under management in ETFs were at 16%, versus 84% for mutual funds. Related storiesAn increased number of money managers are choosing to offer so-called model portfolios using ETFs as the main vehicles. This means managers opting for the ETF model portfolios have a range of active funds and expertise to choose from. It's a combination of ETFs, mutual funds, and separate accounts that are merged into a strategy.

Persons: —, Matt Barry, Jon Maier, It's, Maier, Barry, Merrill Lynch's Organizations: Service, JPMorgan, Business, Touchstone Investments, Morgan, Management

☆ British tech tycoon Mike Lynch likely died of suffocation after his 'Bayesian' superyacht sank off Sicily: report
▼ + stars: | 2024-09-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Tech tycoon Mike Lynch likely suffocated after his yacht sank off Sicily last month. Seven people died after the "Bayesian" yacht went down, including Lynch and his daughter Hannah. AdvertisementBritish tech tycoon Mike Lynch likely died of suffocation after his "Bayesian" superyacht sank off Sicily last month, autopsy results suggested, an investigative source told Reuters. Seven people died after the yacht went down during a storm off the coast of Porticello on August 19, including Lynch and his 18-year-old daughter Hannah. The unnamed source told Reuters that initial autopsy results on Hannah Lynch's body were inconclusive, but they ruled out traumas or wounds as a cause of death.

Persons: Mike Lynch, Lynch, Hannah, —, Hannah Lynch's Organizations: Service, Reuters, Business Locations: Sicily, British, Seven, Porticello

☆ Italian prosecutor opens manslaughter inquiry in Lynch yacht sinking
▼ + stars: | 2024-08-24 | by ( ) www.cnbc.com time to read: 1 min

An Italian Coast Guard vessel and rib during search operations for the luxury yacht Bayesian which sank off the coast of Porticello, Sicily, on Thursday, Aug. 22, 2024. An Italian prosecutor has opened a manslaughter investigation into the deaths of British tech magnate Mike Lynch and six other people who were killed when a luxury yacht sank off Sicily this week. The public prosecutor's office of Termini Imerese, headed by Ambrogio Cartosio, announced the investigation, saying the probe was not aimed at any individual person. Lynch's 18-year-old daughter, Hannah, was also among those who died when the family's 56-metre-long (184-foot) boat, the Bayesian, capsized during a fierce, pre-dawn storm on Monday off Porticello, near Palermo. Fifteen people survived, including Lynch's wife, whose company owned the Bayesian, and the yacht's captain.

Persons: Mike Lynch, Ambrogio Cartosio, Hannah Organizations: Italian Coast Guard Locations: Porticello, Sicily, Italian, Palermo

☆ Investigators say 5 bodies were found in the same cabin of Mike Lynch's superyacht as prosecutors begin looking into 'crime hypothesis'
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Investigators say five bodies were found in the same cabin of Mike Lynch's superyacht. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInvestigators have said that the bodies of five people who died after British tech tycoon Mike Lynch's superyacht sank off the coast of Sicily were discovered in the same cabin.

Persons: Mike Lynch's superyacht, —, Bentivoglio Fiandra Organizations: Service, Business Locations: Porticello, Sicily

Divers scouring the wreckage of the superyacht that sank off the Sicilian coast have found the body of the last person missing from the luxury boat, believed to be the daughter of a British tech magnate. The body of Mike Lynch's 18-year-old daughter Hannah was discovered early Friday, the Italian Coast Guard said, according to the Associated Press news agency — the culmination of a challenging five-day rescue operation. One other body, of the ship’s cook Recaldo Thomas, was recovered shortly after the accident. The local prosecutor's office has launched an investigation, though no cause or possible suspects had been publicly identified. Italian prosecutors investigating the case have scheduled a news conference on Saturday.

Persons: Mike Lynch's, Hannah, Lynch, Recaldo Thomas, Morgan Stanley, Jonathan Bloomer, Judy Organizations: Italian Coast Guard, Associated Press, Palermo, Morgan, Morgan Stanley International, AFP, Getty Locations: British, United States, Sicily’s

☆ Body of final person missing from sunken superyacht found off Sicily
▼ + stars: | 2024-08-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Divers on Friday found the body of the final person missing after a luxury yacht sank off the coast of northern Sicily, the Italian fire service said. Eighteen-year-old Hannah Lynch, daughter of British tech entrepreneur Mike Lynch, is the last person still unaccounted for, out of six people that went missing after the superyacht Bayesian sank suddenly during a violent storm in the early hours of Monday morning. Recaldo Thomas, a Canadian-Antiguan national who was working as a chef onboard, was confirmed dead earlier this week.

Persons: Hannah Lynch, Mike Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Clifford Chance, Chris Morvillo, Neda Morvillo, Recaldo Thomas, Angela Bacares Organizations: Italian Corps, Firefighters Locations: Porticello, Palermo, British, Sicily, Canadian

☆ The maker of Mike Lynch's yacht says it took 16 minutes to sink and the crew should have had time to rescue passengers
▼ + stars: | 2024-08-23 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThe maker of Mike Lynch's superyacht, which sank off the coast of Sicily, said it was "absolutely stable" and that it never should have gone down. It went down in 16 minutes," Costantino told the Financial Times. Advertisement"The boat sank because it took on water," Costantino said. Advertisement"The water came in from [hatchways] left open," Costantino told FT. "There is no other possible explanation. Witnesses told BBC News they saw a waterspout — an uncommon weather phenomenon consisting of tornadolike wind and water — before the ship went down.

Persons: —, Mike Lynch's superyacht, Lynch, Hannah, Mike Lynch, Yui Mok, Giovanni Costantino, Costantino, Recaldo Thomas, Stephen Askins, MailOnline, Matthew Schanck, Schanck Organizations: Service, Business, Divers, Italian Coastguard, Italian Sea Group, Financial Times, BBC News Locations: Sicily, Palermo, Italy, London

☆ Mike Lynch, man once dubbed 'Britain's Bill Gates,' dies at age 59
▼ + stars: | 2024-08-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +9 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Dominic Lipinski | PA Images | Getty ImagesDuring the course of the trial, Lynch took the stand in his own defense. He became a key voice supporting the U.K. technology industry, backing key names like cybersecurity firm Darktrace and legal tech firm Luminance. Mike Lynch, founder of software firm Autonomy, at the company's headquarters in, Cambridge, U.K., Aug. 24, 2000. Bryn Colton | Hulton Archive | Getty Images"I keep rare breeds," Lynch told LeadersIn in a 2016 interview.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch, —, Angela Bacares —, Bacares, Hannah, Bill Gates, Graham Barclay, David Tabizel, Richard Gaunt, Thomas Bayes, Dominic Lipinski, Autonomy's, Stephen Chamberlain, Sushovan Hussain, Hussain, Thoma, Bryn, LeadersIn Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, CNBC, Sky News, Bancroft's, British Industry, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, HP, U.S, Packard, Prosecutors, Capital Management, Thoma Bravo, BBC, Council for Science, Technology, Forbes, East Anglian Times, The Times Locations: Sicily, U.S, Porticello, Palermo, Italy, Ilford, East London, Chelmsford, English, Essex, Woodford Green, London, Cambridge, Britain, Suffolk, Bryn Colton, England

☆ Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.

Persons: —, Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily

☆ 'Britain's Bill Gates': Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
▼ + stars: | 2024-08-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Lynch, 59, is the founder of enterprise software firm Autonomy. During the trial, Lynch took the stand in his own defense, denying wrongdoing and telling jurors that HP botched Autonomy's integration. "I keep rare breeds," Lynch told LeadersIn during an interview. Weeks before he was reported missing, Lynch told The Times newspaper of how he feared dying in prison if found guilty over the HP allegations.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch —, Bill Gates, —, Lynch's, Angela Bacares, Hannah —, Morgan, Jonathan Bloomer, Judy, Clifford Chance, Chris Morvillo, Neda, Stephen Chamberlain, Chamberlain's, Lynch, Autonomy's, Chamberlain, Sushovan Hussain, Hussain, David Tabizel, Richard Gaunt, Thoma, LeadersIn, Weeks Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, U.K, Morgan Stanley, Reuters, HP, U.S, Prosecutors, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, BBC, Council for Science, Technology, Capital Management, Thoma Bravo, Forbes, East Anglian Times, The Times Locations: Sicily, Porticello, Palermo, Italy, Cambridgeshire, England, Britain, U.S, Ilford, East London, Chelmsford, English, Essex, U.K, British, Suffolk

☆ An attorney who helped acquit missing tech tycoon Mike Lynch among those feared dead in superyacht disaster
▼ + stars: | 2024-08-19 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmong those missing and feared dead in the aftermath of the sinking of "Bayesian," a sailing yacht linked to British technology magnate Mike Lynch, are Lynch's attorney Christopher Morvillo and Morvillo's wife, according to a colleague. He said the news came shortly after he learned that Lynch's codefendant Chamberlain was killed, struck by a car while jogging on Saturday. Another attorney at the firm, Ayla Ronald, is reportedly among those who survived the yacht's sinking.

Persons: —, Mike Lynch, Christopher Morvillo, Lynch, Gary Lincenberg, Lynch's, Stephen Chamberlain, Morvillo, Lynch's codefendant Chamberlain, Chris, Lincenberg, Chamberlain, Clifford Chance, didn't, Ayla Ronald Organizations: Service, Autonomy, Hewlett, Packard, Business Locations: Sicily, Manhattan, New York

☆ Laura Dern dropped out of college to film 'Blue Velvet' despite being told the decision was 'insane.' The career gamble paid off for the Oscar winner.
▼ + stars: | 2024-07-25 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Laura Dern dropped out of UCLA to film "Blue Velvet," her breakout role. Dern said the former head of UCLA's film department said it was "insane" to drop out for the film. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLaura Dern said a former head of her college film department once called her plan to leave college to film "Blue Velvet" "insane." David Lynch's "Blue Velvet" is widely regarded as one of the greatest movies of all time, but when it premiered in 1986, critics disagreed on whether it was good.

Persons: Laura Dern, unsupportive, Dern, —, David Lynch's Organizations: Service, Business Locations: UCLA

☆ David Duchovny says a director used a megaphone to tell him when to orgasm during his first sex scene in 1991
▼ + stars: | 2024-07-18 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewDavid Duchovny said a director used a megaphone to tell him when to orgasm as he filmed the first sex scene of his career for the 1991 movie, "The Rapture." Duchovny's experience filming his first sex scene for "The Rapture" sheds light on the haphazard way they often filmed. AdvertisementRecalling shooting the scene, Duchovny said in an interview for Business Insider's Role Play series: "Forget about intimacy coordinators. Fine Line FeaturesDuchovny did not clarify whether director Michael Tolkin or another crew member used the megaphone. How's everybody going to be safe?

Persons: —, David Duchovny, Sharon, Mimi Rogers, Randy, Duchovny, David Lynch's, Fox Mulder, I'm, Stéphanie, Michael Tolkin, Tolkin, Alicia Rodis, Hank Moody, we're Organizations: Service, Business, HBO Locations: Santa Monica

☆ A famed economist who called the 2008 recession shares 5 signs the US is on the brink of a downturn — all while the stock market shows concerning weakness beneath the surface of record highs
▼ + stars: | 2024-07-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But don't bet on a soft landing outcome for the US economy as the Fed gets set to cut rates, says famed economist David Rosenberg. AdvertisementRosenberg ResearchRosenberg's downbeat views on the labor market come amid his skepticism about the impressive rallies in major stock-market indexes like the Nasdaq 100 and the S&P 500. Still, as Rosenberg points out, some say the Fed needs to act urgently as the labor market weakens. Waiting too long to lower interest rates to support the economy will only increase the odds of the job market breaking down." Rosenberg has been consistently bearish on the US economy in recent months, while the labor market has continued to prove him wrong.

Persons: —, David Rosenberg, Rosenberg, Merrill Lynch's, Eli Lilly, Russell, Neil Dutta, Dutta Organizations: Service, Fed, Rosenberg Research, Business, Bureau of Labor Statistics ', Survey, Nasdaq, Nvidia, Microsoft, Meta, Macro

☆ Ellen DeGeneres said she's 'done' with fame after her upcoming Netflix special. Here's a complete timeline of the backlash she's faced since 2020.
▼ + stars: | 2024-07-12 | by ( Olivia Singh | ) www.businessinsider.com time to read: +32 min

Read previewThe talk show host Ellen DeGeneres has long been considered a beloved celebrity for her friendly and funny public demeanor. "Maybe I'm being naive, but I expected them to welcome me with confetti: Welcome to 'The Ellen DeGeneres Show'!" Next thing we know, we literally hear Steve Jobs pick up and say, 'Hi, Ellen' … Ellen told him the iPhone should have a bigger font," the producer said. I have been getting calls asking me about the Ellen Degeneres Show and I would like to address the time I spent there. AdvertisementPaytas appeared on "The Ellen DeGeneres Show" in 2010 when she was 22 years old to showcase her speed-reading talent during an audience talent segment.

Persons: —, Ellen DeGeneres, Nikkie de Jager, DeGeneres, NikkieTutorials, vlogger, de Jager, hadn't, van, Sebastian Williams, van Nieuwkerk, YouTuber, De Jager, Pop Crave, Ellen, Jonas, Kevin T, Porter crowdsourced, you've, Portia de Rossi, wouldn't, didn't, X weren't, I've, Kevin Winter, Stagehands, Jimmy Kimmel, John Oliver, Samantha Bee, Ellen DeGeneres's, Jordan Strauss, Tom Majercak, Majercak, de Rossi, Steve Granitz, Steve Jobs, Jobs, Jane Lynch's, Katy Perry, Chris Pizzello, Ellen Show, Neil Breen, Breen, Richard Wilkins, she'll, Richard, you'll, Neil, She'll, I'd, I'm, Raymond, Brad Garrett, Garrett, Lea Thompson, Scooter Braun, Kevin Mazur, Braun, Justin Bieber, Ariana Grande, Andy Lassner, James Corden, Corden, Hedda Muskat, Joshua Blanchard, Patrick McMullan, Ed Glavin, Mary Connelly, Muskat, Glavin, Ed, Tony Okungbowa, Okungbowa, Ellen Degeneres, Tony okungbowa, Dakota Johnson, Johnson's, Johnson, that's, Craig, Trisha Paytas, Christopher Polk, YouTuber Trisha Paytas, H3H3, Ethan Klein, Paytas, Ashton Kutcher, Kutcher, De Rossi, Ryan Phillippe, haven't, Jim Spellman, WireImage, Thompson, Phillippe, Jennifer Aniston, Billie Eilish, Greyson Chance, Gaga's, Chance, Stone, she'd, Rolling Stone, would've, It's, Tasos Katopodis, SFGate, Libby Torres Organizations: Service, Business, C Magazine, YouTube, Los Angeles Regional Food Bank, Variety, Warner Bros, Television, ABC, Fox News, New York Post, New York, Producers, AP, BuzzFeed, The Hollywood, British, Twitter, Sun, NBC, Getty, CDC, Centers, Disease Control, West Hollywood, Netflix Locations: Dutch, California, Australian, Melbourne, Dakota, West

☆ CEO of CVS shares her simple trick to tell whether you're oversharing at work: 'There's a fine line'
▼ + stars: | 2024-07-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Karen Lynch, the CEO of CVS Health, has a tip for striking the right balance: Share whatever directly helps you solve a problem or connect with someone else. Early in her tenure, she ran a company-wide town hall urging managers to take mental health more seriously. In an unplanned moment, she shared something she'd never told another colleague before, she said: When she was 12, her mother committed suicide. She also felt ashamed, anxious and embarrassed about it, so she spent much of her career being strictly about business, she said. But midway through the town hall, with 50,000 employees listening, Lynch realized she could help her co-workers understand why she felt so strongly about mental health.

Persons: Karen Lynch, Lynch, LinkedIn's, she'd, She'd Organizations: CVS Health, Aetna

☆ A famed economist who called the 2008 recession shares 3 ways stocks resemble some of the biggest bubbles in history — and warns 2 'bona fide' recession signals showed up in May's jobs data
▼ + stars: | 2024-06-15 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.

Persons: —, David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep

☆ British tech pioneer Mike Lynch acquitted at U.S. fraud trial
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +3 min

Mike Lynch, former chief executive officer of Autonomy, arrives at federal court in San Francisco, California, US, on Monday, March 18, 2024. Representatives for Lynch and U.S. prosecutors said Lynch was acquitted on all 15 charges — one count of conspiracy, and 14 counts of wire fraud, each connected to specific transactions or communications. Former Autonomy finance executive Stephen Chamberlain, who faced the same charges at trial alongside Lynch, was also acquitted on all counts, the Lynch representative said. The trial where prosecutors said Lynch and Chamberlain schemed to inflate Autonomy's revenue was the latest chapter in a legal saga stemming from the failed deal. Lynch was one of the UK's leading tech entrepreneurs, drawing comparisons to Apple cofounder Steve Jobs and Microsoft cofounder Bill Gates.

Persons: Mike Lynch, Lynch, Stephen Chamberlain, Chamberlain schemed, Leo Apotheker, Prosecutors, Chamberlain, Sushovan Hussain, Autonomy's, Hussain, Steve Jobs, Bill Gates Organizations: Autonomy, Hewlett, Packard, Former Autonomy, HP, Cambridge University, Cambridge Locations: San Francisco , California, San Francisco, U.S, British, London

☆ 'Big downside revisions coming': A famed economist who called the 2008 recession warns jobs data will shockingly turn sour in the next 6 months — and says a stock-market AI bubble is starting to unrav
▼ + stars: | 2024-05-04 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Over that time, the non-farm payrolls survey showed that the US economy gained 640,000 jobs. In addition to believing jobs data is distorted, Rosenberg has said in recent months that stock prices and valuations are disconnected from the macroeconomic picture. The chart below shows the AI boom — represented by the yellow line — with AI stocks climbing several hundred percent since 2022. Rosenberg ResearchDownturn or no downturnRosenberg has been notoriously bearish over the last couple of years, repeatedly warning of a recession. Pantheon MacroeconomicsAs Rosenberg points out, the longer the Fed keeps rates elevated, the higher the risk of a recession becomes.

Persons: David Rosenberg, Rosenberg, Merrill Lynch's Organizations: Labor Statistics, Business, Rosenberg Research, BLS, Dynamics, Federal Reserve, Nvidia, Bloomberg, Treasury

☆ This investor, mentored by Peter Lynch, hasn't abandoned the 'Mag 7,' but is placing bets on these mid-caps
▼ + stars: | 2024-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

It was under the tutelage of legendary investor Peter Lynch that Sullivan developed the edge that has served him in his career. The numbers Today, Sullivan manages the Putnam Investments Core Equity Fund (PMYYX) , a multicap fund with $4.4 billion in assets that he started in 2010. "The numbers are good," Sullivan said. Ultimately, Sullivan said he's learned a lot from other investors, noting the good stock pickers have had "pretty eclectic" approaches that helped them outperform the market over time. "And I found the good fortune over the decades to be around pretty good stock pickers, pretty good money managers."

Persons: Gerard Sullivan, Peter Lynch, Sullivan, Lynch, hadn't, —, Arthur Yeager, PMYYX, Morningstar, It's, Yeager, Tesla, it's, that's, Rajesh Subramaniam, he's, I'm, That's Organizations: Fidelity, Columbia Business School, Magellan Fund, Putnam Investments, Equity, Pacific Gas & Electric, CMS Energy, Companies, Nvidia, FedEx Locations: Brooklyn, U.S, California, Michigan, Pinterest

☆ Kyle MacLachlan on His Best Movie & TV Roles: 'Dune,' 'Twin Peaks'
▼ + stars: | 2024-04-18 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

For a veteran muse of David Lynch, old habits die hard. On 'Dune,' then and nowKyle MacLachlan in David Lynch's "Dune." Then of course, because it's David Lynch, he wants to spend some time in his creative universe, and that's really what you got. Our "Dune" is the amalgam of David Lynch and his creativity, and Frank Herbert and his creativity. David Lynch and Kyle MacLachlan at the premiere of "Twin Peaks: The Return" in 2017.

Persons: Jeffrey Beaumont, Dale Cooper, Kyle MacLachlan, David Lynch, MacLachlan, Lynch, Hank MacLean, Lucy, Ella Purnell, isn't, David Lynch's, it's David Lynch, Frank Herbert, Frank, it's, David, Isabella Rosselini, Timothée Chalamet, haven't, Scorsese, Alberto E, Rodriguez, Robert Redford You've, Chris, Oliver Stone's, didn't, Robert Redford, he's, would've, Hank, You've, Kristin Davis, HBO You've, Trey, there'd, Dennis Hopper, Dennis Organizations: De Laurentiis Entertainment, Getty, HBO Locations: Hollywood

☆ Robert Kiyosaki, David Einhorn, and Gary Shilling are all worried about inflation — and so is the Fed
▼ + stars: | 2024-04-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The central bank's current chief, Jerome Powell, is yet to defeat his mythical beast — and Wall Street is getting worried. Powell warned on Wednesday that the Fed's fight against inflation isn't over after annualized price growth accelerated to 3.2% in February. AdvertisementRaising the alarmBank of America analysts have suggested that stubborn inflation could mean the Fed doesn't start cutting rates until March next year. It's no wonder, then, that investors are waiting impatiently for the Fed to cut rates. Fundstrat's famously bullish boss, Tom Lee, proclaimed this week that it's dropping "like a rock" and the first rate cut is still likely to be in June.

Persons: —, Paul Volcker, Jerome Powell, Powell, Greenlight Capital's David Einhorn, Einhorn, Greenlight, Dad, Robert Kiyosaki, Gary Shilling, Julia La Roche, We've, Merrill Lynch's, they've, Shilling, It's, Fundstrat's, Tom Lee Organizations: Service, Federal, Business, of America, CNBC, Trust, Wall Street, Fed

☆ A notorious stock-market bear who called the 2000 and 2008 declines warns that conditions are 'consistent with the risk of an abrupt air-pocket, panic, or crash' — and the S&P will fall 50%-70%
▼ + stars: | 2024-03-23 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Hussman FundsThese levels indicate the S&P 500 is likely to return around -5% annualized over the next 12 years, according to Hussman's math. AdvertisementBy the time the current market cycle bottoms out, the S&P 500 could well have fallen by 50%-70%, Hussman said. He predicted in 2000 that the S&P 500 would likely see negative total returns over the following decade, which it did. He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up about 33% over the past year.

Persons: —, John Hussman's, Hussman, he's, we've, Jeremy Grantham, Grantham, There's, David Rosenberg, Merrill Lynch's, Gary Shilling Organizations: Service, Hussman Investment Trust, Business, Exchange, Federal Locations: Miami

☆ Former U.S. official's work for Chinese client stirs concern over disclosure loopholes
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: +4 min

Advocating for foreign clients is legal and U.S. law includes a public disclosure exemption for lawyers. The Paul, Weiss law firm declined to comment on the letter, and Lynch did not respond to Reuters emails. The U.S. Treasury and Commerce departments say DJI supported biometric surveillance and tracking of Muslim Uyghur minorities in China. "It is appalling that former senior U.S. officials use their connections to serve the interests of U.S. adversaries," Risch said. Others argue that stricter FARA rules on disclosure could give authoritarian countries like Russia and China cover for their own stifling of free speech.

Persons: Loretta Lynch, Obama, Lynch, Paul, Weiss, DJI, FARA, Jim Risch, Risch, Jonathan Turley, Turley Organizations: U.S, senior Defense Department, SZ DJI Technology Co, U.S . Department of Justice, Reuters, Department of Defense, China's Communist Party, U.S . Treasury, Commerce, The Defense Department, Pentagon, Justice, Republican, Senate Foreign Relations, American Civil Liberties Union, Justice Department, George Washington University Locations: FARA, U.S, China, WuXi, Russia

☆ Market prophet Gary Shilling warns stocks could crash 30% — and says the odds are 'very much in favor of a recession'
▼ + stars: | 2024-03-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Stocks may crash 30% and a recession could hit within months, Gary Shilling said. Shilling predicted the housing market would rebound in time, and dismissed de-dollarization fears. AdvertisementA legendary market prophet has warned that overpriced stocks may come crashing down, and a recession might strike within months. "Stocks are very, very expensive now" relative to both corporate earnings and rival assets like Treasury bonds, Gary Shilling recently told the Retirement Lifestyle Advocates radio show. The president of A. Gary Shilling & Co. is known for making several prescient market calls over the past four decades.

Persons: Gary Shilling, Shilling, —, Merrill Lynch's, bitcoin, It's, there's Organizations: Service, Polaroid, Federal Reserve, Fed, Companies, Homes, greenback

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