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☆ Private equity bites off mostly what it can chew
▼ + stars: | 2023-08-17 | by ( Jonathan Guilford | ) www.reuters.com time to read: +4 min

Private equity firms notched nearly $300 billion of acquisitions worldwide through Aug. 15, according to Dealogic data. Deals in the $1 billion to $5 billion range are running closest to the same pace as 2022. STG, for example, secured a loan to value of more than 40% from private lenders. With capital tighter, it’s easy to understand why buyout firms are pursuing humbler deals more likely to exceed the minimum returns investors expect. GTCR’s plan to buy 55% of Worldpay at a $17.5 billion valuation requires an equity check equivalent to 15% of the buyout firm’s assets.

Persons: Simon & Schuster, STG, Clayton, Rice, Banks, Ares Capital’s, hasn’t, Jeffrey Goldfarb, Sharon Lam Organizations: KKR, New York Stock Exchange, Reuters, Avid Technology, GTCR, TPG, Francisco Partners, Bain Consulting, Thomson, & $ Locations: New York, U.S, can’t, Dubilier

☆ MLB roundup: Cubs earn walk-off win over White Sox
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +10 min

The Cubs managed just three hits over seven innings and struck out seven times against White Sox starter Mike Clevinger. Rangers starter Jon Gray (8-6) gave up six hits and one run in seven innings. Nationals 6, Red Sox 2Keibert Ruiz broke a tie with a three-run homer in the eighth inning as Washington beat visiting Boston. Mariners starter Luis Castillo (9-7) surrendered four runs on nine hits in seven innings. Padres starter Blake Snell (10-8) gave up two runs on three hits and two walks with five strikeouts in six innings.

Persons: Christopher Morel, Kamil Krzaczynski, Mike Clevinger, Nick Madrigal, Aaron Bummer, Gregory Santos, Cody Bellinger, Dansby Swanson, Morel, Drew Smyly, Gavin Sheets, Reid Detmers, Marcus Semien's, Detmers, Shohei Ohtani, Matt Thaiss, Jon Gray, Christian Walker, Kyle Lewis, Corbin Carroll, Walker, Tommy Pham, Tyler Kinley, Kyle Nelson, Paul Sewald, Ryan McMahon, Nolan Jones, Ezequiel Tovar, Clayton Kershaw, Miguel Rojas, Chris Taylor, Mookie Betts, Freddie Freeman, Will Smith, Betts, Kershaw, Mark Canha, Wade Miley, DJ Stewart, Francisco Lindor's, Pete Alonso, Tylor, Bryan Reynolds, Alika Williams, Johan Oviedo, Spencer Torkelson, Riley Greene, Tyler Holton, Jorge Polanco, Max Kepler, Edouard Julien, Royce Lewis, Aaron Civale, Luke Raley, Josh Lowe, Brandon Lowe, Ross Stripling, Ryan Walker, Keibert Ruiz, Stone Garrett, Jose A, Ferrer, Boston's Pablo Reyes, Jordan Weems, Garrett Whitlock, Charlie Morton, Morton, Randy Vasquez, Julio Rodriguez, Maikel Garcia, Seattle's Dylan Moore, Garcia couldn't, Moore, Teoscar, Dylan Coleman, Luis Castillo, Garcia, Alex Bregman, Kyle Tucker, Chas McCormick, Tucker, Justin Verlander, Verlander, Jake Burger, Paul Blackburn, Louis . Blackburn, Austin Pruitt, Zack Gelof, Jordan Diaz, Gelof, Diaz, Matt McLain, TJ Friedl, Andrew Abbott, Bryce Harper, Jake Cave, Cave, Daulton Varsho, Fernando Tatis Jr, Blake Snell, Josh Hader, Ryan Mountcastle, Dean Kremer Organizations: Chicago Cubs, Chicago White Sox, Wrigley, Cubs, White Sox, Rangers, Diamondbacks, Rockies, Arizona, Colorado, Dodgers, Brewers, Milwaukee, National League Central, NL West, Mets, Pirates, New, Pittsburgh, Tigers, Twins, Detroit, Minnesota, Giants, Tampa Bay, Rays, Cleveland Guardians, Bay ., Nationals, Red Sox, Washington, Boston, Braves, Yankees, The Braves, Mariners, Royals, Seattle, Kansas City, Astros, Marlins, Houston, Miami, Athletics, Cardinals, Oakland, Reds, Cincinnati, Cleveland, Phillies, Blue Jays, Philadelphia, Toronto, Padres, Orioles, Baltimore, Thomson Locations: Chicago , Illinois, USA, Los Angeles, Arlington , Texas, Texas, Denver, New York, Minneapolis, Francisco, Atlanta, York, Kansas, Diego

☆ J.D. Martinez looks to spark Dodgers vs. Brewers
▼ + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

Martinez showing diminished power and run production in 2022, the Los Angeles Dodgers took a chance by giving him a $10 million deal for 2023. Martinez returned from an eight-day break to face the Milwaukee Brewers in the opener of a three-game series Tuesday, and the teams will meet again Wednesday at Los Angeles. In 17 career starts against the Brewers, Kershaw is 7-5 with a 2.97 ERA. Three Brewers pitchers saw action in the inning as the Dodgers sent 10 batters to the plate. "We make the play for the second out and it's probably a different inning," Brewers manager Craig Counsell said.

Persons: J.D, Martinez, Mookie Betts, Freddie Freeman, haven't, Clayton Kershaw, Kershaw, Wade Miley, Miley, Adrian Hauser, Andruw Monasterio, Craig Counsell Organizations: Los Angeles Dodgers, Dodgers, Milwaukee Brewers, Los, Brewers, SportsNet, Colorado Rockies, Milwaukee, Rangers, American League West, Chicago Cubs, Cincinnati Reds, National League Central, Thomson Locations: Los Angeles, Texas

☆ Publisher of raided Kansas newspaper ‘vindicated’ by prosecutor’s decision to return seized items after backlash
▼ + stars: | 2023-08-16 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

Raids on news organizations, big or small, are exceedingly rare in the US and the Friday seizure of computers, cell phones, and other material from the Marion County Record generated enormous backlash. “RSF welcomes the withdrawal of the search warrant and the return of the Marion County Record’s property, but we still need answers as to how this happened. It’s “still up in the air,” Meyer told Tapper, in response to a question about whether the outlet will file a lawsuit. “A smaller newspaper might be easily intimidated by this,” Meyer told Tapper. “If it weren’t for the outpouring of support we got on this,” Meyer told McMaster, “we’d probably be out of business by now.”

Persons: Eric Meyer, KSHB, Jessica McMaster, —, ” Meyer, “, ”, Joel Ensey, Clayton Weimers, ” Weimers, “ RSF, Jake Tapper, Meyer, It’s “, Tapper, McMaster, “ we’d Organizations: CNN, Marion County, Wednesday, Press Locations: Marion, Marion County, Kansas

☆ Warren Buffett's company invests in three homebuilders even as rates rise
▼ + stars: | 2023-08-14 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. Berkshire said that as of June 30, it owned about 5.97 million DR Horton shares worth $726.4 million, about 153,000 Lennar shares worth $17.2 million, and 11,112 NVR shares worth $70.6 million. Larger investments are usually Buffett's, and investors often try to piggyback on Berkshire's moves, reflecting Buffett's reputation as an investor. The selling included 45% of Berkshire's stake in General Motors (GM.N), whose shares fell 1% after hours. Its largest stock holding by far remained its $177.6 billion stake in Apple (AAPL.O).

Persons: Brendan McDermid, Berkshire Hathaway, Warren Buffett, Benjamin Moore, Berkshire, Todd Combs, Ted Weschler, Jonathan Stempel, Lewis Krauskopf, Marguerita Choy, Matthew Lewis Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Berkshire, Clayton Homes, DR Horton, DR, BNSF, General Motors, Apple, Capital, Globe, Marsh & McLennan, Vitesse Energy, Thomson Locations: Berkshire, New York City, U.S, Manville, Marsh, New York

☆ The landscape and retail access to bitcoin has definitely changed, says fmr. SEC chair Jay Clayton
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe landscape and retail access to bitcoin has definitely changed, says fmr. SEC chair Jay ClaytonFormer SEC chair Jay Clayton joins 'Squawk Box' to discuss the state of crypto regulation after the SEC postponed its decision on the Ark's Bitcoin ETF, what it means for the direct trading of crypto assets on traditional U.S. markets, and more.

Persons: fmr, Jay Clayton Organizations: SEC

☆ Warren Buffett's Berkshire Hathaway makes interesting bet on these homebuilders
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway bought shares of a few homebuilders in the last quarter, a new regulatory filing revealed. Horton shares, $70 million worth of NVR shares as well as $17.2 million worth of Lennar in the second quarter, the filing showed. These stakes are relatively small for Berkshire, whose equity portfolio is worth nearly $350 billion. Top holdings Berkshire shares just hit a record high last week on the back of strong second-quarter results. Also during the second quarter, Berkshire added to its relatively new stake in Capital One Financial , bringing it to nearly $1.4 billion.

Persons: Warren, Berkshire Hathaway, Horton, Todd Combs, Ted Weschler, Benjamin Moore Organizations: Berkshire, Clayton Homes, Apple, American Express, Bank of America, Capital, General Motors, Chevrolet, GMC Locations: Omaha, Berkshire, McLean , Virginia

☆ China slips into deflation, fueling more calls for economic stimulus
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Shop and factory prices both fell in China last month, according to data released Wednesday. That means the country is suffering deflation for the first time in over two years. It's the latest in a long list of concerns for Beijing as China's post-COVID rebound fizzles out. That's another economic worry for Beijing, which is also contending with faltering growth, skyrocketing youth unemployment, and massive amounts of debt. The data released Wednesday is likely to lead to more calls for fiscal stimulus, according to analysts.

Persons: Hargreaves, Steve Clayton, Jim Reid Organizations: Service, Privacy, China, National Bureau of Statistics, CPI, PPI, Deutsche Bank Locations: China, Beijing, Wall, Silicon

☆ Warren Buffett's Berkshire Hathaway revealed that consumers are cutting back - and a recession could be the result
▼ + stars: | 2023-08-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Rapid inflation and hikes to interest rates have fanned fears of an economic slowdown or recession. Berkshire Hathaway HomeServices - real estate brokerage revenues fell 22% and after-tax earnings fell 60%, as transaction volumes fell and revenues from mortgage services dropped. - real estate brokerage revenues fell 22% and after-tax earnings fell 60%, as transaction volumes fell and revenues from mortgage services dropped. However, the slowdown in Berkshire's consumer businesses may well signal a broader downturn in consumer spending across the US economy. The Federal Reserve responded by hiking interest rates from nearly zero to north of 5% today.

Persons: Warren, Berkshire Hathaway, Berkshire Hathaway HomeServices, James Shanahan, Edward Jones, They've, they've Organizations: Service, BNSF Railway, Berkshire, Manufacturing, Clayton Homes, Berkshire Hathaway Automotive, Federal Locations: Wall, Silicon, Berkshire, Here's, Forest, McLane

☆ CD&R to take packaging firm Veritiv private in $2.3 billion deal
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Aug 7 (Reuters) - Veritiv (VRTV.N) on Monday agreed to be bought by private equity firm Clayton, Dubilier & Rice (CD&R) in a $2.3 billion deal that would take the packaging firm private. Under terms of the deal, CD&R would pay $170 per in cash for each share of Veritiv common stock, representing a nearly 20% premium to its last close. Shares of Veritiv, which is set to report second-quarter results on Aug. 8, were trading up 18% at $167.20 before the bell. Morgan Stanley served as exclusive financial advisor to Veritiv for the deal, which is expected to close in the fourth quarter of 2023. Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Clayton, Morgan Stanley, Veritiv, Kannaki, Shailesh Organizations: Thomson, & $ Locations: Dubilier, Bengaluru

☆ Berkshire Hathaway stock scales record as operating profit tops $10 bln
▼ + stars: | 2023-08-07 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermidAug 7 (Reuters) - Berkshire Hathaway's (BRKa.N) stock price set a record high on Monday, rising more than 2%, after the conglomerate run by billionaire investor Warren Buffett said quarterly operating profit topped $10 billion for the first time. In morning trading, Berkshire's stock price rose $14,300, or 2.7%, to $547,900, surpassing the previous high $544,000 set on March 28, 2022. Keefe, Bruyette & Woods analyst Meyer Shields, who rates Berkshire "market perform," raised his price target to $565,000 from $545,000. In 2023, Berkshire shares have slightly trailed the index, after outpacing it in 2022.

Persons: Brendan McDermid, Warren Buffett, Clayton, Brian Meredith, Keefe, Meyer Shields, Buffett, Jonathan Stempel, Chuck Mikolajczak, Lance Tupper, David Gregorio Our Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Clayton Homes, Apple, Berkshire, UBS, Woods, Thomson Locations: Berkshire, New York City, U.S, Omaha , Nebraska, New York

☆ Berkshire posts record operating profit, rising rates boost Buffett's returns
▼ + stars: | 2023-08-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +5 min

"The earnings impact of higher interest rates on investment income is offsetting the economic softness caused by those same rates," he added. Investors closely watch Berkshire because of Buffett's reputation, and because results from the Omaha, Nebraska-based company's operating units often mirror broader economic trends. NOT LOVING VALUATIONSQuarterly operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Berkshire repurchased $1.4 billion of stock in the quarter, down from $4.4 billion from January to March. Overall profit from Berkshire Hathaway Energy, where Berkshire has a 92% stake, was little changed at $785 million.

Persons: Warren Buffett, Rick Wilking, Berkshire Hathaway, Jim Shanahan, Edward Jones, Buffett, Cathy Seifert, Seifert, PacifiCorp, Jonathan Stempel, Ira Iosebashvili, Angus MacSwan, Jan Harvey, Alistair Bell, Diane Craft Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Berkshire, Berkshire's Clayton Homes, Profit, BNSF, Forbes, Berkshire repurchased, Apple, Berkshire Hathaway Energy, Occidental Petroleum, Thomson Locations: Omaha , Nebraska, Berkshire, Alleghany, Oregon, An Oregon, Occidental, New York

☆ Berkshire posts record operating profit, $35.9 billion of net income
▼ + stars: | 2023-08-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

Quarterly operating profit topped $10 billion for the first time but grew just 7%, in part from recent purchases of the Alleghany insurer and Pilot truck stop operator. Second-quarter operating profit rose to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss. Pilot added $114 million to operating profit. Overall profit from Berkshire Hathaway Energy, in which Berkshire has a 92% stake, was little changed at $785 million.

Persons: Warren Buffett, Rick Wilking, Berkshire Hathaway, Cathy Seifert, Seifert, Buffett, PacifiCorp, Jonathan Stempel, Angus MacSwan, Jan Harvey, Alistair Bell Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Berkshire, Clayton Homes, BNSF, Berkshire repurchased, Apple, Occidental Petroleum, Berkshire Hathaway Energy, Forbes, Thomson Locations: Omaha , Nebraska, Berkshire, Alleghany, Occidental, An Oregon, New York

☆ MLB roundup: Astros' Framber Valdez no-hits Guardians
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +12 min

Elias Diaz had three doubles and Jurickson Profar also had three hits for the Rockies, who have lost five of their past seven games. Eugenio Suarez homered and drove in three runs for the Mariners, who lost for just the second time in their past seven games. Pirates 4, Tigers 1Liover Peguero hit a two-run homer and Johan Oviedo pitched seven strong innings as Pittsburgh topped visiting Detroit. He set the record with 130 innings pitched last year and broke it on Tuesday at 123 1/3 innings. Orioles 13, Blue Jays 3Anthony Santander was 3-for-4 with a grand slam and right-hander Kyle Bradish pitched seven innings to lead visiting Baltimore past Toronto.

Persons: Framber Valdez, Troy, Oscar Gonzalez, Valdez, Kyle Tucker, Gavin Williams, Dansby Swanson, Cody Bellinger, Mike Tauchman, Nico Hoerner, Patrick Wisdom, Miguel Amaya, Justin Steele, Tyler Stephenson, Matt McLain, Cincinnati's Ben Lively, Juan Soto, Fernando Tatis Jr, Jake Cronenworth, Robert Suarez, Ryan McMahon, Elias Diaz, Jurickson Profar, Peter Lambert, Alex Verdugo, Reese McGuire, Brayan Bello, Bello, Kenley Jansen, Eugenio Suarez, Bryce Miller, Lance Lynn, Enrique Hernandez, Clayton Kershaw, Mookie Betts, Chris Taylor, Ken Waldichuk, James Outman, Tayler Scott, Waldichuk, Hernandez, Peguero, Johan Oviedo, Endy Rodriguez, Josh Palacios, Akil Baddoo, Matt Manning, Zach Eflin, Randy Arozarena, Yandy Diaz, Carlos Rodon, Michael Harris, Spencer Strider's, Patrick Sandoval, Ozzie Albies, Matt Olson's, Donovan Solano, Louis, Pablo Lopez, Jhoan Duran, Tyler O'Neill's, Miles Mikolas, Bryce Harper, Nick Castellanos, Sandy Alcantara, David Robertson, Philadelphia's Seranthony Dominguez, Gregory Soto, Luis Arraez, MJ Melendez, Francisco Alvarez, Carlos Hernandez, Bobby Witt Jr, Brooks Raley, Maikel Garcia, Witt, Josh Walker, Melendez, Pete Alonso, Garcia, Brice Turang, Joey Wiemer, Andruw Monasterio, William Contreras, Freddy Peralta, Josiah Gray, CJ Abrams, Jake Alu, Anthony Santander, Kyle Bradish, Gunnar Henderson, Hyun Jin Ryu, Tommy John, Danny Jansen, Mitch Garver, Adolis Garcia, Andrew Heaney, Heaney, Josh Sborz, Aroldis Chapman, Will Smith, Jesse Scholtens, LaMonte Wade Jr, Brandon Crawford, Lourdes Gurriel Jr, Alek Thomas, Ketel Marte, Miguel Castro, Wade, Ryan Walker Organizations: Houston Astros, Cleveland Guardians, Cubs, Reds, National League Central, Wrigley Field, Padres, Rockies, Colorado, Red Sox, Mariners, Boston, Dodgers, Athletics, Los Angeles, Oakland, Chicago White Sox, Toronto Blue Jays, Cincinnati Reds, Tigers, Pittsburgh, Detroit, Pirates, Oviedo, Yankees, Tampa Bay, Rays, Braves, Angels, Atlanta, Cardinals, Minnesota, Phillies, Marlins, Philadelphia, Miami, New York Mets, Royals, Mets, Kansas City, New York, Brewers, Nationals, Milwaukee, Washington, Orioles, Blue Jays, Baltimore, Toronto, Brandon, Rangers, White Sox, Texas, Chicago, Giants, Diamondbacks, San, National League West, Thomson Locations: Houston , Texas, USA, Troy Taormina, Cincinnati, Chicago, Diego, Denver, Seattle, Angeles, Los Angeles, Tampa, New York, Atlanta, Los, New, Toronto, Arlington , Texas, San Francisco, Arizona

☆ Fmr. SEC Chair Jay Clayton: Climate, economy, national security issues all depend on China
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. SEC Chair Jay Clayton: Climate, economy, national security issues all depend on ChinaFormer SEC Chair Jay Clayton joins 'Squawk Box' to discuss the state of U.S.-China relations, doing business in China, the challenges with a 'sharp decoupling', Fitch's downgrade of U.S. credit rating, and more.

Persons: Jay Clayton Organizations: SEC, China Former SEC Locations: Climate, China, U.S

☆ 8 people charged with stealing 19 rental cars worth $1.1 million in an identity fraud scheme
▼ + stars: | 2023-07-29 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Eight people were indicted on charges that they defrauded a car rental firm by stealing 19 vehicles. Eight people have been indicted in St. Louis on charges that allege they stole at least 19 rental cars worth more than $1 million as part of an identity fraud scheme. According to the indictment, the suspects would reserve rental cars from the company using stolen credit card information and false identities. It added that the value of the stolen cars was just over $1.1 million. "This is just the tip of the iceberg when it comes to how criminals use people's stolen identities," said Jay Greenberg of the FBI St. Louis Division.

Persons: Louis, Tyrell Oliver, Jay Greenberg Organizations: Justice, Morning, Department of Justice, Court, BMW X7, GMC Yukon, Chevrolet, FBI, Louis, DoJ Locations: St, Clayton , Missouri, Midwest

☆ Former CTFTC chair talks future of stablecoins: We're not addressing the risks
▼ + stars: | 2023-07-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

As its name would suggest, a stablecoin is a kind of cryptocurrency token meant to be backed by real assets. Massad said these coins could act as a bridge between "the crypto world and the real world." "My concern is we're not addressing the risks," he continued, adding that he is not. He added that if the U.S. were to create stablecoin regulations, the rest of the world would likely follow suit, but also said many countries are already creating their own frameworks. "I'm sympathetic to a lot of people in government saying, 'we don't really, we're not convinced of the use case here, we don't really see what the value is in the real world,' Massad said.

Persons: Timothy Massad, CNBC's Jim Cramer, Massad, Jay Clayton, stablecoins, we're Organizations: Futures Trading, Securities and Exchange, SEC Locations: United States, U.S

☆ Buyout barons feast on excesses of last boom
▼ + stars: | 2023-07-21 | by ( Jonathan Guilford | ) www.reuters.com time to read: +7 min

That opens up plenty of potential loopholes which could allow borrowers to keep their old loans even after a deal. Lenders explicitly allow a company’s so-called “permitted holders” - typically its management or long-time investors - to assume responsibility for the debt. For example, one definition of a change of control is where the majority of board seats change hands. That means the company’s debt can stay put, news service 9fin reported. Interest rates for loans provided by private lenders have risen from 6.2% to 11.6% over a similar time frame.

Persons: Clayton, Rice, Breakingviews, 9fin, Cooper’s, Blackstone, Datacenters, Murray, dealmakers, Peter Thal Larsen, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Partners, P, Reuters Graphics Reuters, Cornerstone, Focus Financial, Stone, Point, Smart, Securities, Exchange, NRG Energy, QTS Realty Trust, Foresight Energy, American Consolidated Natural Resources, Foresight, P Global Market Intelligence, Thomson, & $ Locations: Dubilier, Delaware

☆ Wimbledon men's final: Princess Charlotte and Prince George have a ball
▼ + stars: | 2023-07-17 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +2 min

London CNN —Prince George and Princess Charlotte, the two oldest children of Britain’s Prince and Princess of Wales, sat on the edge of their seats in the Royal Box to watch the nail-biting men’s Wimbledon final on Sunday. Charlotte (center left), and George (center right) sit in the Royal Box ahead of the men's singles Wimbledon final on Sunday. Dylan Martinez/ReutersCharlotte and George cheer emphatically as they watch the epic men's finale of the prestigious tennis tournament. Alcaraz became the third-youngest Wimbledon champion in the Open Era, adding a second major title to his resume after winning the US Open in September. “Congratulations to the new men’s #Wimbledon champion @carlosalcaraz.

Persons: London CNN — Prince George, Princess Charlotte, Prince, Princess of Wales, Carlos Alcaraz, Novak Djokovic, Stella, Gordon Reid, George, Andrew Couldridge, Reuters Kate, Charlotte, Dylan Martinez, Karwai Tang, Prince William, Catherine , Princess of Wales, Alcaraz, Tim Clayton, Corbis, Kate, Julian Finney, Princess, Wales, ” King Felipe of, Brad Pitt, Daniel Craig, Rachel Weisz, Ariana Grande, Tom Hiddleston Organizations: London CNN, Wimbledon, UK’s, Media, Reuters, Getty, Charlotte, Djokovic, Lawn Tennis, Twitter, BBC, CNN’s Royal Locations: British, Charlotte, Reuters Charlotte, Kensington, ” King Felipe of Spain

☆ Novak Djokovic vs. Carlos Alcaraz: mouthwatering clash in men’s Wimbledon final
▼ + stars: | 2023-07-15 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

Perennial grand slam winner against the leader of the next generation and the Wimbledon men’s final many wanted. Djokovic even acknowledged the excitement of a clash with Alcaraz in the aftermath of his semifinal victory over Jannik Sinner. Alcaraz plays a shot at the net during his semifinal match against Medvedev at Wimbledon. Tim Clayton/Corbis Sport/Getty ImagesAfter the match, Alcaraz later said that nerves and tension had caused his whole body to cramp. “I feel that the job is not finished until I lift the trophy - hopefully - and play in the finals of a grand slam.

Persons: CNN — Novak Djokovic, Carlos Alcaraz, Djokovic, Alcaraz, “, ”, We’re, Rafael Nadal, Tim Clayton, –, he’s, Daniil Medvedev, cramp, Margaret Court, Roger Federer, Steffi Graf, Rod Laver, Sinner, Julian Finney, I’m Organizations: CNN, Wimbledon, London, Medvedev, cramp, Djokovic, Getty Locations: Serbian

LOS ANGELES, July 12 (Reuters) - HBO drama "Succession," the story of a cutthroat fight for control of a family's media empire, led the nominees for television's Emmy awards on Wednesday with 27 nods for the show's final season. Others competing for best drama included HBO's "Game of Thrones" prequel "House of the Dragon," vacation-gone-wrong story "The White Lotus and "Star Wars" series "Andor." Sarah Snook, another Roy sibling, is considered the favorite to win best drama actress. [1/5]77th Golden Globe Awards - Photo Room - Beverly Hills, California, U.S., January 5, 2020 - The cast of "Succession" poses backstage with their Best Television Series - Drama award. First-time nominees Jeremy Allen White of "The Bear" and Jason Segel of "Shrinking" are also among those who will compete for best comedy actor.

Persons: Alan Ruck, Roy, Saul, Ted Lasso, Abbott, Maisel, Barry, Dahmer, Jeffrey Dahmer, Obi, Wan, Brian Cox, Jeremy Strong, Kieran Culkin, Sarah Snook, Mike Blake, Jason Sudeikis, Jeremy Allen White, Jason Segel, Rachel Brosnahan, Quinta Brunson, Christina Applegate, Natasha Lyonne, Jenna Ortega, Brunson, Clayton Davis, Pedro Pascal, Jimmy Smits, Davis, Janelle James, Sheryl Lee Ralph, Jessica Williams, Harrison Ford, Frank Scherma, Lisa Richwine, Mark Porter, David Gregorio Our Organizations: Hollywood, HBO, Television Academy, Disney, Warner Bros Discovery, Netflix, Globe, Best, REUTERS, Apple, Twitter, Variety, Voters, Fox, Organizers, Thomson Locations: ANGELES, Beverly Hills , California, U.S

☆ Fmr. SEC Chair Jay Clayton on U.S.-China relations: We're overly dependent on 'a vicious competitor'
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. SEC Chair Jay Clayton on U.S.-China relations: We're overly dependent on 'a vicious competitor'Former SEC Chairman Jay Clayton joins 'Squawk Box' to discuss cryptocurrency regulation, U.S.-China relations, and more.

Persons: Jay Clayton Organizations: SEC Locations: U.S, China

☆ Former CFTC chairman says crypto regulations can't wait until litigations concludes: 'We need standards today'
▼ + stars: | 2023-07-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Massad, along with former SEC chairman Jay Clayton, detailed the theory in the Wall Street Journal last week. "We strongly support enforcement of the laws, but what we're saying is, we need more than that, and the reason is twofold," Massad said. "Let's not get hung up on that, or rather, let's have a parallel track which says, regardless of the classification issue, we need standards today." He added that this solution would be a way to get some basic industry standards in place without having to rewrite securities laws. "This is a way to get investor protection standards into the industry as it exists today without having to fundamentally change the securities or the derivatives laws."

Persons: Timothy Massad, CNBC's Jim Cramer, Jay Clayton, Massad Organizations: Futures Trading Commission, SEC

☆ Tbilisi Pride festival canceled after violent anti-LGBTQ protests
▼ + stars: | 2023-07-08 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +4 min

CNN —A Pride festival was canceled in the Georgian capital of Tbilisi on Saturday by organizers who say authorities failed to prevent violent disruptions from Russian-affiliated far-right groups. Festival organizers Tbilisi Pride said in a tweet that they were “compelled” to cancel the festival and “evacuate” the festival territory. “The Ministry of Interior of Georgia once again neglected to protect us from violent far-right groups and allowed the mobs to prevent us from exercising our freedom of expression and assembly even in private settings,” Tbilisi Pride said. Videos posted by Georgian activist channels showed clashes between police officers and anti-LGBTQ protesters in the festival area in Lisi Wonderland. Tbilisi Pride has accused the Georgian government of orchestrating and coordinating with Russian-affiliated, far-right group Alt Info, who they claim disrupted the event.

Persons: Lisi Wonderland, ”, “, Wonderland, Alexander Darakhvelidze, ” Darakhvelidze, Nobody, Irakli Gedenidze, Shalva Papuashvili, Papuashvili, Salome Zourabichvili, ” Zourabichvili, Mark Clayton, Clayton, Peter Fischer Organizations: CNN, First Channel, Tbilisi Pride, Interior, ”, ” Tbilisi Pride, Pride, Russian, Reuters, Georgian Interior Ministry, Georgian, Channel, UN Locations: Georgian, Tbilisi, Georgia, ” Tbilisi

☆ Wimbledon 2023: 500 days after the invasion of Ukraine, Russian and Belarusian players are playing at Wimbledon. Here’s how it’s going
▼ + stars: | 2023-07-08 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +8 min

During the opening week, fans at Wimbledon have generally been quite warm to the Russian and Belarusian players but they’ve been especially enthusiastic to the Ukrainians. Unfortunately, they could not fight the professional Tours and others on their own,” added Zukin, who also said the ATP and WTA could do more to support Ukrainian players. CNN reached out to the WTA, ATP and The Russian Tennis Federation for comment. Tension simmers behind the scenesAway from the crowds and the cameras, Russian and Ukrainian tennis players revealed there are also strained relationships in Wimbledon’s locker rooms. Sabalenka condemned the booing and said she understands why Ukrainian players won’t shake her hand.

Persons: London CNN —, ”, they’ve, Sabalenka, I’m, Shi Tang, Russian Veronika Kudermetova’s, Elina Svitolina, ” Ukraine's Elina Svitolina, Tim Clayton, Corbis, Dmytro Kuleba, “, ” Kubela, Ian Hewitt, Yevhen Zukin, Kudermetova, Ben Rothenberg, Rothenberg, It’s, ” “, Marta Kostyuk, Javier Garcia, Kostyuk, Aryna Sabalenka, won’t, Anastasia Potapova, Iga, Slovakia’s Anna, Karolína, Svitolina, Daniil Medvedev Organizations: London CNN, Wimbledon, Lawn Tennis, Croquet Club, CNN, Russian, Belarusian Victoria Azarenka, Azarenka, Ukraine’s, Russia, All England, Tennis Federation of, Tennis Association, ATP, WTA, Russian Tennis Federation, Tennis, CNN Sport, Belarus, Aryna, Spartak Moscow, Melbourne Locations: Russia, Belarus, Ukraine, Belarusian, Russian, Svitolina’s, Odesa, Tennis Federation of Ukraine, Ukrainian, Kyiv, ” Russian

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